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DECEMBER 2984 / VOLUME 64 NUMBER
SURVEY OF CUBBEMT BUSINESS
12
CONTENTS
THE BUSINESS SITUATION
Employment and Hours: Two Years of Post recession Growth
Federal Fiscal Developments: The Tax Reform Proposal
1
4
7
Summary of BEA Staff Paper
11
Reconciliation and Other Special Tables
11
National Income and Product Accounts Tables
12
Plant and Equipment Expenditures:
* Quarters of 1984
* First and Second Quarters of 1985
* Year 1985
U*S*
of
Malcolm Baldrige / Secretary
Sidney L» Jones / Under Secretary
for Economic Affairs
of
Analysis
George Jaszi / Director
Allan H. Young / Deputy Director
23
U.S. Affiliates of Foreign Companies,
Operations in 1982
26
U.S. International Transactions:
Third Quarter 1984
41
Constant-Dollar Inventories, Sales,, and Inventory-Sales
Ratios for Manufacturing and Trade
65
Subject Guide Volume 64 (1984)
67
Staff Contributors to This Issue: Lorna M. Aldrich, Leo M.
Bernstein, Anthony J. Dilullo, Ned G. Howenstine, Eric R,
Johnson, John Mon, Kenneth A. Petrick, Eugene P. Seskin,
Joseph C Wakefield
CURRENT BUSINESS STATISTICS
General
Industry
SI
S19
Footnotes
S33
Subject Index (Inside Back Cover)
Carol S. Carson / Editor4n-Chief,
Survey of Current Business
Manuscript Editor: Dannelet A. Grosvenor
Managing Editor: Leland L. Scott
Staff Contributors to This Issue: Lorna M. Aldrich, Leo M.
Bernstein, Anthony J. Dilullo, Ned G. Howenstine, Erie H.
Johnson, John MOB, Kenneth A. Petrick, Eugene P. Seskin,
Joseph C. Wakefield
SURVEY OP CUHREBT BosmEss/Published monthly by the Bureau
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Survey of Current Business, Bureau of Economic Analysis, U,S,
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the BUSINESS SITUATION
JtLcONOMIC activity and prices increased moderately in the fourth
quarter, according to the "flash" GNP
estimates. A 3-percent annual rate increase in real GNP, in combination
with a IVa-percent increase in the
third quarter, indicates a marked
slowing in the second half of 1984
from a much larger increase in the
first half. The GNP fixed-weighted
price index increased at an annual
rate of 3V2 percent in the fourth quarter, continuing the gradual slowing of
inflation throughout 1984 (table I).1
The third- and fourth-quarter increases in real GNP were not markedly different; table 1 shows that the
fourth-quarter increase was larger by
only 1.2 percentage points, or about
$5 billion. However, it should be
noted that large swings in two GNP
components tended to offset each
other. Further, the two components—
change in business inventories and
1. Quarterly estimates in the national income and
product accounts are expressed at seasonally adjusted
annual rates, and quarterly changes in them are differences between these rates. Quarter-to-quarter percent changes are compounded to annual rates. Real,
or constant-dollar, estimates are expressed in 1972 dollars.
The procedures used to prepare the "flash" estimates—that is, estimates prepared 15 days before the
end of the quarter—are the same as those used to prepare the estimates released after the end of the quarter. However, the source data that are available are
limited to only 1 or 2 months of the quarter and, in
most cases, are preliminary. The major source data
that are available are: For personal consumption expenditures (PCE), October and November retail sales,
unit sales of new autos through the first 10 days of
December, and sales of new trucks for October and
November; for nonresidential fixed investment, the
same data for autos and trucks as for PCE, October
construction put in place, and October manufacturers'
shipments of equipment; for residential investment,
October construction put in place, and October housing starts; for change in business inventories, October
book values for manufacturing and trade, and unit
auto inventories for October and November; for net exports of goods and services, October merchandise
trade; for government purchases of goods and services,
Federal unified budget outlays for October, State and
local construction put in place for October, and State
and local employment for October and November; and
for GNP prices, the Consumer Price Index for October,
and ihe Producer Price Index for October and November.
464-378 O - 85 -
net exports—are particularly difficult
to estimate for the flash GNP estimate. Only 1 month of source data for
these components is available, and
the data show substantial month-tomonth volatility, which masks any
trend that would be a guide to projecting the missing months of source
data. The flash GNP estimate in the
fourth quarter includes a slowing in
inventory investment that subtracted
about as much from the change in
GNP as the $10% billion pickup had
added in the third quarter. The flash
estimate also includes a substantial
increase in net exports after a $15%
billion decline—from a negative $11%
billion to a negative $27 billion—in
the third quarter. Both the fourthquarter increase in net exports and
the third-quarter decline were largely
accounted for by imports.
Other components of GNP are, in
general, less difficult to estimate for
the flash estimate: Even if only 1
month of source data is available, the
data show less volatility, and for some
Table 1.—GNP and GNP Prices
[Levels at seasonally adjusted annual rates; percent changes at
annual rates]
19 34
I
II
IIP
IV*
Current-dollar GNP (billions of dollars):
3,553.3 3,644.7 3,694.6 3,747.2
Level
Percent change from preceding quarter
149
10.7
5.6
58
Real GNP (billions of 1972
dollars):
Level
Percent change from preceding quarter
16109 16388 1 645 2 16567
10.1
7.1
1.6
2.8
GNP fixed-weighted price
index (index, 1972=100):
Level
Percent change from preceding quarter
230.4
232.8
235.1
237.2
50
4.3
4.0
36
GNP implicit price deflator
(index, 1972=100):
Level
Percent change from preceding quarter
220.58
222.40
224.57
226.18
44
3.3
3.9
29
r
Revised.
* Flash.
components—notably personal consumption expenditures (PCE)—more
than 1 month of data is available. The
measure that is the sum of these components—final sales to domestic purchasers—probably increased about as
much in the fourth quarter as the 3percent increase in the third. Earlier
in 1984, this measure, which represents domestic demand, had been
much stronger, registering increases
of 6x/2 percent and 11 percent in the
first and second quarters, respectively. Within this measure, PCE increased somewhat more in the fourth
quarter than in the third, fixed investment increased less than in the
third, and government purchases increased about the same in both quarters.
Fourth-quarter developments in the
components of real GNP, in GNP
prices, and in personal income are
sketched below on the basis of data
available as of mid-December.
• PCE increased moderately after a
pause—an increase of only l/2 percent—in the third quarter. Most of
the pickup was in durable goods,
where purchases of furniture and
equipment increased
substantially
more than in the third quarter. In addition, purchases of motor vehicles declined less than in the third quarter;
autos declined, as they had in the
third quarter, but trucks strengthened. Purchases of nondurables declined again, about as much as the 1percent decline registered in the third
quarter. Several categories—food, in
particular—declined
and
others
changed little. Services increased
about as much as the 4-percent increase in the third quarter.
• Nonresidential fixed investment
continued to increase, but at only
about one-half the third-quarter increase of 13V2 percent. In producers'
durable equipment (PDE), the slowing
was in both motor vehicles and other
SURVEY OF CURRENT BUSINESS
PDE. In the former, as in PCE on
motor vehicles, the weakness was in
the auto component, which declined
after a third-quarter increase. In
terms of unit auto sales to all final
purchasers, the drop was to about 9.9
million (seasonally adjusted annual
rate) from 10.3 million in the third
quarter. In contrast, unit sales of
trucks increased to about 4.4 million
(seasonally adjusted annual rate) in
the fourth quarter from 4.1 million in
the third, continuing a strong rebound to record or near-record levels
in several categories. In other PDE,
the slowing was in computers and
communications equipment. Structures strengthened after little change
in the third quarter, when the increase in commercial structures had
slowed. As discussed in the article
that reports on BEA's October-November plant and equipment expenditure survey, which now includes plans
for the full year ahead, business plans
to increase capital spending in 1985
roughly one-half as much as in 1984.
The smaller fourth-quarter increase
in nonresidential fixed investment included in the flash GNP estimate appears consistent with these plans.
• Residential investment was down
again, about as much as the 4x/2 percent registered in the third quarter.
Construction of single-family structures declined in both the third and
fourth quarters, reflecting a one-third
falloff in housing starts from their
recent peak in February. A decline in
mortgage interest rates since July has
yet to work its way through to encourage construction. Construction of
multifamily units increased about as
much as in the third quarter, and the
"other" component (largely additions
and alterations, mobile homes, and
commissions on house sales) changed
little.
• Business inventories accumulated at a substantial rate, but less than
the $30V2 billion accumulation in the
third quarter. An increase in motor
vehicle inventories—the only part of
inventories for which more than 1
month of source data is available for
the fourth quarter—reflected automakers' rebuilding of inventories
after extensive plant closings in the
United States and strikes in both the
United States and Canada. Only fragmentary information is available
about farm inventories; it appears
that accumulation was roughly the
same as the $4 billion in the third
quarter. Nonfarm inventories other
than motor vehicles appear to have
increased, but less than the $26 billion in the third quarter. Reflecting
the substantial additions to inventories in the earlier quarters of 1984
and the variability of the increases in
final sales, inventory-sales ratios had
turned up in the first quarter,
dropped back in the second, and increased in the third. In the fourth
quarter, it appears that the ratios
held at about the third-quarter level.
• Net exports, as mentioned earlier, appear to have increased substantially. The increase, the first in 3
years, reflected a decline in imports
after a huge—$18 billion—increase in
the third quarter. In merchandise imports, where the decline was concentrated, declines were widely spread
across end-use commodity categories,
as the increase had been in the third
quarter. The average change for the
third and fourth quarters, appears to
have been a substantial increase, indicating that imports continue to reflect
the effects of cumulative dollar appreciation. Investment income payments
also appear to have declined, partly
reflecting lower interest rates on portfolio investment. In exports, both agricultural and nonagricultural merchandise exports increased, but the
increases were more than offset by a
decline in investment income receipts.
• Government purchases increased
about as much as in the third quarter, when the Federal and the State
and local components had contributed
about equally to a SVk-percent increase. In Federal purchases, defense
purchases increased after a slight decline. Commodity Credit Corporation
(CCC) activities continued to dominate
quarterly changes in nondefense purchases. A higher rate of increase in
CCC inventories added to purchases
in the fourth quarter, but not as
much as the $2 billion addition in the
third. In State and local purchases, a
smaller increase than in the third
quarter was largely in structures.
• The GNP fixed-weighted price
index increased Sl/2 percent, down
from 4 percent in the third quarter.
The fourth-quarter increase in PCE
prices as measured by the fixedweighted price index was slightly
larger than the 4 percent registered
in the third quarter; food prices increased slightly more than in the
December 1984
third quarter, and energy prices increased after a small decline. Prices
of structures—both residential and
nonresidential—showed little change
after third-quarter increases in the
range of 1V2-4 percent, and prices of
PDE slowed from a 3-percent increase.
• Personal income increased about
$50 billion, compared with $62 V2 billion in the third quarter. Most of the
slowing was in personal interest
income, which was up only about onehalf as much as the $23% billion increase in the third quarter. The
smaller increase largely reflected the
widespread decline in interest rates.
Other components of personal income
increased about as much as they had
in the third quarter: wage and salary
disbursements and farm proprietors'
income slightly less, and nonfarm proprietors' income slightly more.
The smaller increase in personal
income in the fourth quarter than in
the third was augmented in its effect
on disposable personal income by a
slightly larger increase in personal
taxes than in the third quarter. Although prices of PCE as measured by
the implicit price deflator increased
less than in the third quarter, the increase in real disposable income
slowed further—down about 2 percentage points from the 4-percent increase in the third quarter. Earlier in
1984, the increases in real disposable
income had been
substantially
larger—8l/2 percent and 6 1 /2 percent
in the first and second quarters, respectively. The fourth-quarter increase in personal outlays—in which
PCE predominates—was about the
same as that in disposable personal
income, so personal saving changed
little. The saving rate held at about
the third quarter's rate of 6.3 percent.
Throughout 1984, the saving rate
varied only slightly around 6 percent,
as the slowing in disposable income
was accompanied by a similar slowing
in outlays.
Corporate Profits
Revised third-quarter
estimates
show that profits from current production—profits with inventory valuation adjustment and capital consumption adjustment—declined $8 billion, to $283 billion, following a $13 V2
billion increase in the second. The
preliminary estimates, presented in
December 1984
November, had shown a decline of
$9% billion.
The revisions generally reinforce
the picture of widespread declines in
domestic profits described in the November "Business Situation/' The revisions show sharper declines in profits of manufacturers and financial
corporations, but show trade profits,
which had been down in the preliminary estimates, as unchanged. (A discussion of manufacturers' gross profits shares follows.)
The revised estimates show a picture for rest-of-the-world profits
sharply different from that presented
in November. Revised profits from the
rest of the world increased $3 billion
in the third quarter, to $24 Vk billion,
following at $4x/2 billion decline in the
second. (Preliminary estimates of restof-the-world profits had been down
$V2 billion.) Both receipts on U.S.
assets abroad and payments on foreign assets in the United States were
up, but receipts were up more. (See
the article "U.S. International Transactions, Third Quarter 1984" in this
issue and table 1 on page 11, which
reconciles the balance on goods and
services in the balance of payment accounts with net exports in the national income and product accounts.)
Manufacturers9gross profits share
Manufacturers' economic performance has been debated in recent
years, some alleging that performance
has been deteriorating and others disputing this allegation.2 The debate is
important because proponents of certain policy meausures—for example,
industrial development banks and tax
incentives for investment—cite the alleged deterioration to support their
recommendations. Others, who dispute the idea of general deterioration,
take the position that sustained economic growth will automatically
create jobs and investment in manufacturing. The following discussion
suggests gross profits as a share of
gross product as a rough measure of
industry performance, and uses it to
evaluate the record in manufacturing
since 1947.
Gross profits as a share of gross
product—Industry gross product is
defined as sales or receipts plus
2. For a summary of this debate, see Robert Z. Lawrence, Can America Compete? (Washington, DC: The
Brookings Institution, 1984).
SURVEY OF CURRENT BUSINESS
change in inventories less intermediate goods and services purchased.
(The last item is also called current
account purchases; in the context of
industry meaures, it is the output
other than plant and equipment purchased for its own use by one industry
from other industries.) Industry gross
product is also defined as the costs of
production—that is, the compensation
of employees, net interest, depreciation and other capital consumption allowances, and indirect business
taxes—and business profits, of which
corporate profits are the largest category. The national income and product account (NIPA) estimates of industry gross product are prepared by
implementing the second definition. It
is in the framework of these estimates
that gross profits as a percentage of
gross product—hereafter called the
gross profits share—is calculated.3
Gross profits is defined for this discussion as corporate profits with inventory valuation adjustment plus
two components of the costs of production—net interest and corporate
capital consumption allowances. It
would be desirable to use a measure
net of capital consumption allowances
with the capital consumption adjustment—that is, a measure of capital
consumption that has been adjusted
to reflect uniform service lives and
depreciation formulas and valued at
replacement cost; however, such an
adjusted measure of capital consumption allowances is not available by industry. A measure gross of corporate
capital consumption allowances does
maintain the desirable characteristic
of being unaffected by changes in tax
law that affect depreciation; for example, it is unaffected by the introduction in 1981 of the accelerated cost recovery system. The inclusion of net
interest in gross profits provider a
measure that reflects returns to both
debt and equity capital, and is thus
unaffected by changes over time in
their proportion.
In one respect, the coverage of the
gross profits share as calculated for
this discussion is not fully consistent.
Net interest covers both corporate
3. Annual estimates of gross product by industry are
in NIPA table 6.1. That table shows the gross product
total for major industries, including manufacturing,
durable goods manufacturing, and nondurable goods
manufacturing. Estimates for gross product and its 14
components at the 2-digit SIC industry level are available from BEA.
and noncorporate establishments, but
the other components of gross profits
cover only corporate establishments.
Gross product also covers both corporate and noncorporate establishments.
(Corporate gross product is available
for some, but not all, of the 1947-83
period.) For a measure of the corportate gross profits share, the lack of
full consistency does not affect the results appreciably, because the noncorporate shares of net interest and
gross product are very small.
Gross product and the components
of gross profits, except net interest,
are on an establishment basis rather
than a company basis.4 Net interest is
on a company basis because information for allocating it to an establishment basis is not available. Establishment-based measures are appropriate
indicators of industry performance because, unlike company-based measures, they allocate to each industry
only the results of activities in that
industry. The difference between the
two bases can be illustrated with reference to an integrated company that
maintains petroleum extraction operations, a pipeline, and a refinery. In
establisment-based estimates,
the
gross product and gross profits from
the three kinds of establishments
would appear in mining, public utilities, and manufacturing, respectively.
In company-based estimates, all the
company's operation would appear in
the industry that constitute the company's primary activity.5
The rough measure of industry performance that the gross profits share
provides does not indicate performance in the sense of ability to maintain past levels of output or market
share. For example, a shrinking industry that maintains its gross profits
by closing plants could record a constant share. The gross profits share
does, however, indicate performance
in the sense of ability of an industry
to remain profitable under changing
circumstances.
4. Company-based corporate profits with inventory
valuation adjustment, corporate capital consumption
allowances, and net interest are in NIPA tables 6.20,
6.26, and 6.19, respectively.
5. For corporate profits before tax with inventory
valuation adjustment and corporate capital consumption allowances, the two classification bases yield divergent estimates for some industries. In manufacturing industries in 1983, for example, the establishmentbased sum of these components as a percentage of the
company-based sum ranged from 13 percent for petroleum and coal products to 111 percent for fabricated
metal products.
SURVEY OF CURRENT BUSINESS
December 1984
Manufacturers9 performance, 194783.—The gross profits share for all
manufacturing, durable goods and
nondurable goods manufacturing, and
selected manufacturing industries for
1947-83 are shown in charts 1 and 2.
Although the shares show pronounced
cyclical fluctuations, in most cases
some underlying trend is discernible.
For all manufacturing, the share appears to have been relatively stable,
lending little support to the hypothesis of declining performance in manufacturing. Nondurables manufacturing shows a relatively stable share
until 1973 and a slight uptrend thereThe slight improvement in the perafter. Durables manufacturing, in formance of nondurables manufacturcontrast, shows stability until 1965 ing since 1973 reflects, in part, the
and a slight downtrend thereafter.
improvement in the gross profits
The slight deterioration in the per- shares of two large industries— food
formance of durables manufacturing and kindred products and petroleum
since 1965 reflects, in part, substan- and coal products. These industries
tial deterioration in the gross profits began to record markedly higher
share of manufacturers of primary shares in the 1970's, when world
metals. A downtrend in the share of prices of their outputs shifted upward.
manufacturers of motor vehicles from
1965 to 1980 also contributed. Since
Employment and Hours: Two
1980, however, the share of this industry has improved, strengthening the Years of Postrecession Growth
durables share.
Labor input to production — as
measured by employment and average weekly hours — increased strongly
CHART 1
over the 2 years following the thirdGross Profits as a Share of Gross Product in Total Manufacturing
quarter 1982 trough in real GNP, but
the growth was not among the strongand Selected Nondurable Manufacturing Industries
est in post-World War II recoveries.6
The following discussion highlights
the industries where the growth in
employment and hours was the
strongest and weakest in the 2 years
following the 1981-82 recession. It
also compares growth during that
period, 1982-84, with growth in the 2
years, 1975-77, following the 1973-75
recession. The period following the
trough in real GNP in the first quarter of 1975 is used for comparison because it followed a recession similar
to the 1981-82 recession in depth and
duration. In addition, quarterly employment growth in 1975-77 was the
median of the seven (post-World War
II) 7recoveries preceding that in 198284.
Employment by industry
Nonfarm employment as measured
by the Bureau of Labor Statistics establishment survey increased 5.3 million, or 3 percent at an annual rate,
over the 2 years following the 1982-84
recession. The increase was one-half
percentage point larger than that
over the 2 years following the 1973-75
recession (chart 3). In both recovery
periods nonfarm employment regained prerecession peaks in most
service-producing industries, both
-.20
1947
49
51
53
55
57
59
61
63
65
67
69
71
73
75
77
79
81
83
NOTE.—Gross profits equal corporate profits before tax with inventory valuation adjustment plus corporate capital consumption allowances and net interest.
U.S. Department of Commerce, Bureau of Economic Analysis
34-12-1
6. An analysis of real GNP and related measures for
the same period appeared in the "Business Situation"
in the October 1984 SURVEY OF CURRENT BUSINESS.
In this discussion, peaks and troughs hi real GNP
are used to designate recessions; hi some cases, these
turning points do not coincide with those designated
for business cycles by the National Bureau of Economic Research, Inc.
7. This characterization of the 1975-77 period may
not necessarily hold at the individual industry level.
December 1984
SURVEY OF CURRENT BUSINESS
public and private, but did not regain
prerecession peaks in most goods-producing industries (table 2).
Despite an initial decline, total nonfarm employment regained the prerecession peak by the fourth quarter of
1983 and expanded in the first three
quarters of 1984. More than threefourths of the 2-year increase in employment occurred in the second
year—a larger proportion than in any
other post-World War II recovery. In
Chart 2
Gross Profits as a Share of Gross Product in Selected
Durable Manufacturing Industries
1975-77, slightly more than one-half
of the increase had occurred in the
second year.
The increase in nonfarm employment was broadly based; employment
increased in every major industry
group—albeit slowly in some—except
mining (table 3).
Private service-producing industries.—A little over one-half of nonfarm employment is in private service-producing industries, which accounted for 3.5 million, or about twothirds, of the total 2-year increase.
Relatively higher growth rates during
the 1982-84 postrecession period—an
annual rate of 3l/2 percent—continued
a long-term shift towards these jobs.
The 1982-84 growth rate matched
that in 1975-77 for these industries.
Of the four private service-producing
industry groups, employment in
two—transportation and public utilities and wholesale and retail trade—
more than regained prerecession
peaks over the 2-year period. Employment in financfe, insurance, and real
estate and in services had increased
over the recession and increased more
rapidly in the recovery.
Goods-producing industries.—A little over one-quarter of nonfarm em-
CHART 3
Employment
Percent of trough level1
1061
,1982-84,
104
1975-77
102
100
98
1947
49
51
53
55
57
59
61
63
65
67
69
71
73 75
77
79
81
NOTE.—Gross profits equal corporate profits before tax with inventory valuation adjustment plus corporate capital consumption allowances and net interest.
U.S. Department of Commerce, Bureau of Economic Analysis
83
I
1
I
2
I
j
i
3
4
5
Quarters from trough
1. Troughs in real GNP in 1975:1 and 1982: III.
6
U.S. Department of Commerce, Bureau of Economic Analysis
SURVEY OF CURRENT BUSINESS
6
Table 2.—Industries Where Employment and
Hours Equalled or Exceeded Prerecession
Peaks 2 Years After the 1973-75 and 1981-82
Recessions
Table 3.—Employment
[Seasonally adjusted]
Percent change at
annual rate
Thousands
Hours
Employment
December 1984
1981:111
1982:111
1984:111
91,395
89,241
94,560
2.6
2.9
49,802
49,969
53,507
3.5
3.5
5,182
20,622
5,310
18,688
5,095
20,481
5,340
19,053
5,197
21,860
5,680
20,770
.6
3.5
2.8
4.5
1.0
3.3
3.1
4.4
25,639
23,540
25,056
2.1
3.2
20,287
12,187
8,100
4,159
1,193
18,567
10,883
7,684
3,880
1,093
19,679
11,719
7,960
4,362
1,015
2.4
2.0
2.9
0
4.5
3.0
3.8
1.8
6.0
-3.7
15,955
15,764
15,998
1.2
.7
2,771
13,184
2,737
13,027
2,789
13,209
-.2
1.5
.9
.7
1975:11977:1
1982:1111984:111
1975-77 1982-84 1975-77 1982-84
Total nonfarm
Private serviceproducing industries:
Transportation and
public utilities. ...
Wholesale and retail
trade
Finance, insurance,
and real estate
Services
Goods-producing
industries:
Manufacturing
Overtime
Durables
Overtime
Nondurables
Overtime
Construction
Mining
Government
Federal
State and local
Yes
Yes
No
Yes.
Yes.
Yes
No
Yes1
Yes
No
No.
Yes11
Yes
Yes 1
Yes1
No
No
Yes.1
Yes.2
No
No
No
No
No
No
No
No
No
No
No 3
No
Yes.
Yes.
Yes.
Yes.
Yes.
Yes.
Yes.1
No.
No
No
No
No
Yes 1
Yes
No
Yes41
Yes 1
Yes
Yes
Yes
Yes
1. Increased over the recession, and increased in the postrecession period.
2. Increased over the recession, and was unchanged in the
postrecession period.
3. Regained the prerecession peak, but fell below that peak
by the end of the 2-year postrecession period.
4. Increased over the recession, and declined in the postrecession period, but remained above the prerecession peak.
NOTE.—The cyclical peaks and troughs in real GNP were,
respectively, 1973:IV and 1975:1 for the 1973-75 recession, and
1981:111 and 1982:111 for the 1981-82 recession.
ployment is in goods-producing industries, which increased 1.5 million and
accounted for about one-third of the
overall increase. Manufacturing employment grew at an annual rate of 3
percent, a slightly higher rate than
that following the 1973-75 recession.
Durables employment grew at twice
the 1975-77 rate, and nondurables at
about two-thirds the 1975-77 rate. All
of the growth in durables and most of
the growth in nondurables occurred
in the second year.
Employment in both durable and
nondurable manufacturing did not
regain prerecession peaks in 1982-84,
just as it had not in 1975-77. In durables, notable exceptions were electronics, motor vehicles, lumber and
lumber products, and furniture; these
industries
regained
prerecession
peaks in 1982-84, but had not in
1975-77. Growth in the electronics industry—a "high technology" industry—reflected strong sales of microcomputers and telecommunications
equipment. A rebound in sales of
automobiles and trucks accounted for
much of the employment growth in
motor vehicles, and a rebound in sales
of new homes accounted for much of
the employment growth in lumber
Total nonfarm
Private service-producing industries
Transportation and public utilities
Wholesale and retail trade
Finance, insurance, and real estate
Services
Goods-producing industries
Manufacturing
Durables
Nondurables
Construction ....
Mining
Government
Federal
State and local
NOTE.—The cyclical troughs in real GNP were 1975:1 for the 1973-75 recession, and 1982:111 for the 1981-82 recession.
Source: Bureau of Labor Statistics.
and lumber products and in furniture.
In nondurables, the printing and publishing industry and the rubber and
miscellaneous plastics products industry both regained prerecession peaks
in 1982-84; in 1975-77, the former
had regained the prerecession peak,
the latter had not.
Construction employment grew
sharply—0.5 million, or 6 percent at
an annual rate—in 1982-84 and exceeded the prerecession peak. In contrast, construction employment had
been unchanged in 1975-77. The
strong 1982-84 growth, which was
centered in special trades (e.g., carpenters, masons, plumbers, and electricians) and in residential construction, reflected the sharp recovery in
new home building.
In mining, employment declined 0.1
million, or 3% percent at an annual
rate—in sharp contrast to the 4 Ms-percent rate of increase following the
1973-75 recession. Mining employment had increased over the 1973-75
recession and had continued to increase in 1975-77. Much of the contrast in growth in the postrecession
periods is tied to energy marketscoal, natural gas, and crude oil.
Government.—Employment increases in government were sluggish in
comparison with both private serviceproducing and goods-producing industries; it increased only 0.2 million, or
l
/2 percent at an annual rate, over the
2 years. Government accounted for
about one-sixth of total nonfarm employment, but only 4 percent of the 2year increase—reflecting efforts to
hold down employment levels. Employment did regain the prerecession
peak as it had in 1975-77. In contrast
to that period, 1982-84 growth was
slow in both the Federal and the
State and local components; in 197577, Federal Government employment
had declined, and State and local government employment had increased
more rapidly.
Average weekly hours by industry
Despite an initial decline in the
fourth quarter of 1982, average
weekly hours for private nonfarm
production and nonsupervisory workers increased 0.5 hours in the 2 years
following the third-quarter
trough in
real GNP (chart 4).8 The increase was
strong in comparison with the 0.1hour increase in 1975-77. As with employment, private nonfarm hours regained the prerecession peak—35.2
hours—in the fourth quarter of 1983;
hours reached 0.1 hours above that
level in the first three quarters of
1984. Three-fifths of the increase following the 1981-82 recession occurred
in the first year; increases in the first
year following the 1973-75 recession
had more than accounted for the
1975-77 increase.
The increase in average weekly
hours was broadly based; hours increased over the postrecession period
in all but one major industry group;
8. As an input to production, each 0.1-hour increase
in hours for private nonfarm production workers was
equivalent to an increase in employment of about 170180 thousand.
SURVEY OF CURRENT BUSINESS
December 1984
Table 4.—Average Weekly Hours
CHART 4
Average Weekly Hours
[Seasonally adjusted]
Change in hours from trough level1
Change
Hours
1981:111
Total private nonfarm
1982:111
39.3
32.2
36.2
32.5
Goods-producing industries:
Manufacturing
Overtime
Durables
Overtime
Nondurables
Overtime1
Construction
Mining 1
39.7
2.8
40.2
2.8
39.1
2.8
37.0
43.9
1975:11977:1
1982:1111984:111
35.3
0.1
0.5
39.0
31.9
36.3
32.7
39.6
32.0
36.6
32.7
.1
-.5
-'.6
.6
.1
.3
0
39.0
2.3
39.3
2.2
38.5
2.5
37.5
42.4
40.5
3.3
41.2
3.5
39.4
3.0
38.6
43.5
1.1
.9
1.0
.9
1.4
.8
.6
.9
1.5
1.0
1.9
1.3
.9
.5
1.1
1.1
35.2
Private service-producing industries:
Transportation and public utilities
Wholesale and retail trade
Finance, insurance, and real estate1
Services
;
1984:111
1. Based on unadjusted estimates.
NOTE—The cyclical troughs in real GNP were 1975:1 for the 1973-75 recession, and 1982:111 for the 1981-82 recession.
Source: Bureau of Labor Statistics.
0
1
2
3
4
5
6
Quarters from trough
1. Troughs in real GNP in 1975:1 and 1982: III.
U.S. Department of Commerce, Bureau of Economic Analysis
7
hours in services were unchanged.
The largest increases were in goodsproducing industries, which had suffered the largest drops in the recession. In 1975-77, no industry group
had regained its prerecession peak; in
1982-84, however, most regained their
prerecession peaks.
Private service-producing industries.—Average weekly hours increased slightly, on average, in service-producing industries in 1982-84;
hours had declined in 1975-77 (table
4). Hours regained prerecession peaks
in transportation and public utilities.
Hours in finance, insurance, and real
estate and in services had increased
over the recession. Hours in the
former continued to increase in 198284, while those in the latter were unchanged. Hours did not regain prerecession peaks in wholesale and retail
trade. None of the groups had regained prerecession peaks in 1975-77;
in fact, hours declined in all but
transportation and public utilities.
Goods-producing industries.—Average weekly hours increased even
more strongly in manufacturing, construction, and mining in 1982-84 than
they had in 1975-77. Prerecession
peaks were regained in manufacturing (including that for overtime) and
in construction. In manufacturing,
almost all of the increase occurred in
the first year, and probably reflected
employers' use of increased hours
rather than recalls or new hires to
boost production early in the recovery. The increase in construction continued an increase over the preceding
recession. In mining, where the prerecession peak was not regained, most
of the increase in hours occurred in
the second year. Hours had not regained the prerecession peak in any
goods-producing group in 1975-77.
Comparison of the overall (net) increase in construction hours in 198284 with that in 1975-77 conceals
sharp fluctuations in hours within
each period; early in the 1975-77
period, hours had regained the prerecession peak,
Summary
The recovery and expansion in employment and hours for the nonfarm
sector was strong in the 2 years following the 1982 trough in real GNP,
but not among the strongest of the
post-World War II recoveries. The
1982-84 increase in total labor input
to production was more concentrated
in the second year. Most of the increase in hours occurred in the first
year, but most of the increase in employment occurred in the second. In
1975-77, the increase in total labor
input had been more concentrated in
the first year due to a strong increase
in hours.
The recovery and expansion in employment was about the same as that
following the 1973-75 recession, which
was the median for the post-war
period. Employment levels that had
existed prior to the 1981-82 recession
were, in general, regained in serviceproducing industries but not in goodsproducing industries—about the same
performance as in 1975-77. The
strongest increases were registered in
construction and services; employment declined in mining and increased only slowly in transportation
and public utilities.
The recovery and expansion in average weekly hours was stronger than
that in 1975-77. Prerecession hours
levels, which had not been regained
in the 1975-77 recovery, were regained in most industries in 1982-84.
The strongest increases were registered in the three goods-producing industries—manufacturing,
construction, and mining. Hours remained unchanged in services, after increasing
over the recession, and increased only
slightly in wholesale and retail trade.
Federal Fiscal Developments:
The Tax Reform Proposal
In late November, the Department
of the Treasury released the proposal
for tax reform requested in the President's State of the Union message last
January.9 The proposal is designed to
make the tax system more equitable,
simpler, and more conducive to economic growth. If enacted, it would be
9. U.S. Department of the Treasury, Office of the
Secretary, Tax Reform for Fairness, Simplicity, and
Economic Growth: The Treasury Department Report to
the President, Vol. 1 (Washington, DC: U.S. GPO, November 1984).
8
SURVEY OF CURRENT BUSINESS
would not unduly favor leisure
over work, or consumption over
saving and investment.
• Equity. Reform would not place
significantly different tax burden^ on taxpayers in similar economic circumstances.
• Lower tax rates. Reform would
keep tax rates as low as possible,
given other objectives.
• An unchanged distribution of tax
burdens across income classes.
Reform would not significantly
change tax burdens across income
classes, but would alter the distribution of tax burdens within
income classes.
• Fairness for families. Reform
would assure that families with
incomes below the poverty level
would pay little or no tax.
a significant revision of the tax
system, including a substantial modification of the progressivity of the
rate structure.
Before formulating the proposal,
the Treasury completed a study of
four options: a pure flat tax, a modified flat tax, a tax on income consumed, and a general sales tax, including a value-added tax and a Federal retail sales tax. The study laid
out the following major objectives:
• Revenue neutrality.
Reform
would leave revenues essentially
unchanged from what they would
be under current law.
• Economic neutrality. Reform
would not unnecessarily distort
choices about how income is
earned or how it is spent. It
Table 5.—Effect of the Tax Simplification and Reform Proposals on Unified Budget Receipts
[Billions of dollars]
Fiscal year
Total
Individual income taxes
Reduction
Rate .
Indexation:
Interest income and expense
Capital gains
Earned income tax credit
Tax-exempt bonds
Individual retirement accounts
Other
Increases
. .
Repeal and limiting of deductions:
State and local taxes
. . . .
Charitable contributions
Interest
Other
Repeal and limiting of exclusions:
Health insurance premiums
.
Cafeteria plans
Group life insurance premiums
...
Workers' compensation
Veterans' service disability compensation
Unemployment benefit threshold
Other
Economic depreciation
Dividend relief
Investment tax credit
Other
. . . .
. • . ..
Reductions
Rate
Dividend relief
Indexation:
Interest income and expense
Inventories
Capital gains
Research and development credit
Other
Increases
Economic depreciation
Investment tax credit
Multiperiod construction
Graduated corporate rate
Foreign taxes
Intangible drilling costs
Tax-exempt bonds
Property and casualty insurance
State and local bonds
Other
Estate and gift taxes
Excise taxes
-5.8
3.9
10.3
3.9
-36.6
-25.2
-25.9
-37.7
-36.3
-33.8
-102.0
-92.7
-118.5
-106.7
-134.7
-118.2
161.7
-132.1
-1.1
-1.0
-.4
-.2
-4.2
-2.8
-2.1
-1.4
.5
-.4
-5.3
-3.0
-2.2
-12.8
6.4
-.5
-4.0
-3.3
-2.3
-13.0
-5.6
-.6
-4.3
3.6
-2.5
14.3
65.0
93.2
108.7
123.8
18.6
7.1
1.4
2.2
33.9
6.0
1.5
2.4
35.7
6.5
1.8
2.6
38.7
7.0
1.8
2.8
4.6
.7
1.6
.2
.9
.5
1.2
2.9
.2
4.3
18.7
8.0
1.6
2.6
1.5
1.5
1.5
1.4
6.1
1.5
5.0
18.8
9.8
2.7
2.8
1.9
1.5
1.4
1.5
9.7
4.5
5.7
20.6
11.9
3.2
3.0
2.1
1.6
1.3
1.6
12.9
7.4
6.2
22.4
38.1
~ '
.3
.7
1.5
6.7
,
,
...
. .
. .
0.5
.2
Corporation income taxes
1990
-22.1
2.4
1.5
.4
.5
.
1989
1988
1987
1986
44.7
22.2
30.6
29.3
16.9
-12.5
-54.0
-35.3
98
-80.6
-46.5
207
93.4
-51.0
-29.0
-109.5
-58.4
-38.2
-3.1
-.5
-.6
2
-6.0
13
-1.2
-.4
-3.3
-6.0
21
-1.5
5
57
-5.9
.6
-1.7
7
62
-5.8
1.8
-1.9
-.8
39.1
6.0
13.0
1.9
1.6
1.0
4.8
1.9
2.0
.5
6.4
84.4
18.9
23.5
5.1
6.0
3.2
7.0
5.1
3.3
1.4
10.9
109.7
35.6
26.6
8.8
7.9
4.4
5.4
5.0
3.4
1.7
10.9
154.4
68.1
31.7
13.9
7.9
5.4
4.6
4.6
3.6
2.3
12.3
.2
.2
1
.3
1
-.1
131.7
51.9
29.2
11.9
7.8
5.0
4.7
4.3
3.5
2.0
11.4
_i
-L7
-.1
-3.1
Source: Department of the Treasury.
NOTE.—The estimates are based on the economic assumptions included in the midsession review of the unified budget. See the
August 1984 SURVEY OF CURRENT BUSINESS for a presentation of those assumptions.
December 1984
• An inflation-proof
tax law.
Reform would provide inflation
adjustments—indexation—in the
measurement of taxable income.
The proposal—for which the modified flat tax is the basis—is essentially revenue neutral (see table 5), it
does provide lower tax rates, and, according to the Treasury, it does not
significantly change tax burdens
apross income classes. However, in designing a tax system that is simpler,
the proposal may have been only
partly successful. Some aspects of the
proposal—such as the reduction in
the number of tax rates and brackets
and the repeal of many deductions—
worked toward simplification, but
other aspects—such as the indexation
of capital gains, interest, inventories,
and depreciation allowances—may
have worked toward complication.
According to the Treasury, the proposal is an integrated package;
changes are mutually dependent; and
must occur together to avoid inequities, distortions, complex administrative rules, and increased compliance
costs. Any change in the package
means that either the proposed rate
structure or another proposal must be
redesigned in order to meet the objectives mentioned above.
The proposal would reduce the average individual's income taxes by 8x/2
percent while raising corporation
income taxes by 37 percent. Under
the proposal, 78 percent of individual
taxpayers would experience no tax
change or a tax decrease, and 22 percent would experience higher taxes.
Of individuals with higher taxes,
more than one-half would have an increase of less than 1 percent of
income. The gainers under the Treasury proposal are likely to be lowincome families and middle-income
individuals who have few deductions
or credits. Losers are those who have
many deductions and credits, or who
live in States with high income taxes.
Among corporations, gainers are
likely to be in service and hightechnology industries, while those in
capital-intensive industries, petroleum companies, and banks would be
losers.
Effective dates and transition rules
The Treasury proposal recognizes
the difficulties in implementing such
a sweeping revision to the tax system.
SURVEY OF CURRENT BUSINESS
December 1984
The proposed effective dates and tran- energy and natural resource indussition rules assume that legislation is tries would be repealed immediately.
introduced in early 1985, enactment is To reduce the impact of immediate
July 1, 1985, and the general effective implementation, the repeal of the
date is January 1, 1986. The proposed windfall profit tax would be accelertransition rules can be divided into ated by 3 years, with the scheduled
three-quarter phaseout beginning on
four general categories.
1. Immediate implementation. In January 1, 1988 instead of January 1,
many cases, the Treasury recom- 1991.
2. Immediate implementation with
mends that the proposals be implemented immediately. Changes in the grandfathering. Grandfathering provizero bracket amount, personal exemp- sions—that is, provisions that exempt
tions, and a variety of credits and de- commitments entered into prior to
ductions fall into this category; the legislation—are recommended to
changes in individual and corporate avoid reform-induced windfall gains
tax rates would be delayed 6 months and losses. Permanent grandfathering
to achieve the goal of revenue neu- is recommended, for example, for extrality in the initial year after enact- isting commitments to accelerated
ment. The special preferences for cost recovery and the investment tax
credit. Temporary grandfathering is
recommended, for example, for fringe
benefits. For most, the new rules will
apply as contracts expire or, at the
latest, January 1, 1989, but in the
case of the two largest fringe benefits—employer-provided health care
and life insurance—the new rules will
be fully effective January 1, 1990. In
addition, for those cases where taxsheltered income is brought into the
tax base, it is recommended that the
increase in income tax be spread
evenly over a fixed number of years
for tax purposes.
3. Phased-in implementation. The
Treasury recommends phased-in implementation for dividend relief,
elimination of the deduction for State
Table 6.—Major Provisions of Current Law and Department of the Treasury Proposals
Current law for 1986
Department of the Treasury
proposals
Individual income taxes
Department of the Treasury
proposals
Current law for 1986
Business and capital income
taxes
Tax rates
33 percent flat rate.
14 rate brackets from 11 to 50 3 rate brackets of 15 25 and
percent.
35 percent.
$1,090
$2000
Corporate tax rates
Graduated up to 46 percent
Personal exemption
Dividend relief.
Zero bracket amount:
Single return
Joint return .
Heads of household return
$100 (single), $200 (married) No exclusion, 50 percent dividend-paid deduction.
exclusion.
$2,510
$3710
$2,510
Depreciation
Accelerated
system
Investment tax credit
6 to 10 percent
No.
Capital gains
60 percent excluded
Indexed and taxed as ordinary
income
Interest:
Income
Taxed
Indexed, partially excluded.
Deduction
Indexed, partially nondeductible.
Indexation of rates, exemp- Yes
tions, and zero bracket
amount.
Personal deductions:
Mortgage interest
Yes
$2800
$3800
$3,500.
Yes
Yes limited to principal residence.
Other personal interest
Yes
Medical expenses
Yes above 5 percent of adjust- Yes above 5 percent of adjusted gross income.
ed gross income.
Charitable contributions
Yes
Yes limited to $5 000 over investment income.
Yes above 2 percent of adjusted gross income but no deduction for unrealized gains
on contributed property.
State and local income taxes.. Yes
No
Other State and local taxes.... Yes
No unless incurred in incomeproducing activity.
Two-earner
Earned income credit
Child care credit
Yes
No
Yes
Yes
Yes, but indexed.
No but new deduction
Unemployment compensation .... Taxed if adjusted gross income Taxed.
over $12,000 (single) or
$18,000 (married).
Workers' compensation
Not taxed
Taxed but special credit for
elderly and disabled
Entertainment expenses
Deduction ....
No
Business meals and travel ex- Deduction
penses.
Capped
Income shifting to children via Permissible
trust.
Curtailed
Retirement:
Individual retirement
count contribution.
$2 500 for both
ac- $2,000, $250 for spouse
Social Security benefits
Generally not taxed
Corporate pension contribu- Not taxed
tions.
Health insurance premiums.
Not taxed
Group life insurance premi- Not taxed
ums.
Source: Department of the Treasury.
464-378 0 - 8 5
Generally not taxed.
Not taxed
Capped exclusion
Taxed
Expense
Rehabilitation
credits
and
cost
recovery Economic depreciation
indexation.
No.
energy Yes
Inventory accounting:
LIFO conformity require- Yes
ment.
Not indexed
LIFO
Uniform production cost rules
Deduction
Property installment sales
Deferral of
income.
Oil industry:
Percentage depletion
Yes
Windfall profits tax
Indexed
Yes
Bad debt reserve
Financial institutions*
Special bad debt deduction
No.
No
Expense intangible drilling Yes
costs.
No.
tax
on
sales No tax deferral unless receivables pledged.
No, indexed cost depletion.
..
No.
Yes
Accelerate phase-out.
Yes
No
Interest deduction to carry Yes
tax-exempt bonds.
No.
Yes
No.
Deferral of life insurance in- Yes
vestment and annuity
income.
No
Exemption of credit unions
Municipal bonds:
Public purpose. ...
Private purpose
with
Not taxed
Not taxed
Not taxed
Taxed.
10
SURVEY OF CURRENT BUSINESS
Table 7.—Proposed Individual Income Tax
Rates for 1986
Marginal tax
rate
(percent)
December 1984
Table 8.—Revisions in Selected Component Series of the NIPA's, Third Quarter of 1984
Seasonally adjusted at
annual rates
Taxable income by type of return
Single
Joint
Head of
household
Married
filing
separately
o
Less than
$2,800.
Less than
$3,800.
Less than
$3,500.
Less than
$1,900.
15
$2,800 to
$19,300.
$3,800 to
$31,800.
$3,500 to
$25,000.
$1,900 to
$15,900.
25
$19,300 to
$38,100.
35
$38,100
$63,800
$31,900
$48,000
and over.
and over.
and over.
and over.
$31,800 to
$63,800.
$25,000 to
$48,000.
$15,900 to
$31,900.
Source: Department of the Treasury.
NOTE.—Taxable income is equal to adjusted gross income
less $2,000 for each exemption for a taxpayer or dependent.
45-day
estimate
Personal consumption expenditures
Nonresidential fixed investment
Residential investment
Change in business inventories
Government purchases...
.
.
National income
.
.
Compensation of employees
Corporate profits with inventory valuation and capital consumption adjustmentsOther
45-day
estimate
75-day
estimate
3,695.2
3,694.6
5.7
5.6
2,360.8
438.5
155.4
68.5
899
762.0
2,361.4
435.7
155.3
71.8
90.6
761.0
.6
2.8
-.1
3.3
.7
1.0
4.9
17.9
-.6
5.0
14.9
.6
10.2
9.6
2,983.4
2,984.9
1.5
5.3
5.6
2,191.9
281.5
510.0
2,191.9
282.8
510.2
0
1.3
.2
6.2
-12.5
13.1
6.2
-10.9
13,3
3,046.7
3,047.3
.6
8.6
8.7
1.9
1.6
.6
15.9
-4.6
.7
13.7
-4.6
6.4
5.4
3.7
4.0
3.9
3.9
4.0
3.9
-0.6
Billions of constant (1972)
dollars
GNP
Personal consumption expenditures
Nonresidential fixed investment
Residential investment
Change in business inventories
Government purchases
.
...
.
.
1,646.5
1,645.2
1,065.6
210.5
60.1
30.0
266
306.8
1,065.9
209.5
60.1
30.6
270
306.1
-1.3
.3
1.0
0
.6
4
-.7
Index numbers,
1972= 100l
GNP implicit price deflator
GNP fixed-weighted price index
GNP chain price index
224.44
235.1
224.57
235.1
0
.13
1. Not at annual rates.
NOTE.—For the third quarter of 1984, the following revised or additional major source data became available: For personal
consumption expenditures, revised retail sales for September, consumer share of new car purchases for September, and
consumption of electricity for September; for nonresidential fixed investment, revised manufacturers' shipments of equipment for
September, revised construction put in place for September, and business share of new car purchases for September; for
residential investment, revised construction put in place for September, and residential alterations and repairs for the quarter; for
change in business inventories, revised book values for manufacturing and trade for September; for net exports of goods and
services, revised merchandise trade and revised service receipts for the quarter; for government purchases of goods and services,
revised construction put in place for September; for wages and salaries, revised employment, average hourly earnings, and
average weekly hours for September; for net interest, financial assets held by households for September, and revised net interest
received from abroad for the quarter; for corporate profits, revised domestic book profits for the quarter, and revised profits from
the rest of the world for the quarter; and for GNP prices, revised residential housing prices for the quarter.
and the earned income tax credit accounts for $19.2 billion of the reductions. The proposal to index interest
introduces some complications into
the tax code. Mortgage interest on an
individual's primary residence is fully
deductible. Other interest expense is
then netted against interest income to
derive net interest income (or exIndividual income taxes
pense). If the taxpayer has net interIndividual income taxes are re- est income, a portion—the fractional
duced $37.7 billion in 1990 by the interest exclusion—of this net income
Treasury proposal, the net result of would be excluded in determining ad$161.7 billion in tax reductions and justed gross income (AGI); the re$123.8 billion in tax increases. mainder would be included in AGI. If
Changes in the tax rate structure (in- the taxpayer has net interest expense,
cluding the effect of indexation of the first $5,000 would be deductible,
rates, exemptions, and the zero brack- and the excess of $5,000 would be subet amount) account for the bulk of the ject to the fractional exclusion rate in
proposed reductions. The current set determining the amount that would
of 14 rate brackets, ranging from 11 be deductible. Other provisions of the
percent to 50 percent, is changed to a interest indexation proposal place
modified flat tax with 3 rate brackets limits on the total amount of net in(see table 3 for proposed rates and terest expense that can be deducted
brackets). The indexation of interest in 1 year. The fractional exclusion
income and expense, capital gains, rate, announced each year, is to be set
Revision
Billions of current dollars
GNP
Personal income
and local taxes, the limit on charitable contributions, elimination of the
graduated corporate tax rates, the
limit on interest deductions, and
elimination of the business deductions
for entertainment expenses and for
meal and travel costs in excess of a
limit.
4. Delayed implementation. For various reasons, the Treasury recommends delayed implementation for
many of the changes in the taxation
of estates, certain military cash compensation, and unemployment and
workers' compensation (January 1,
1987); interest indexing (January 1,
1988); indexing capital gains on nondepreciable assets (January 1, 1989);
and repeal of the individual and corporate minimum taxes (January 1,
1990).
The remainder of this article will
discuss the major features of the
Treasury proposals (see tables 6 and
7). The effect for the year 1990 is referred to in order to encompass the
full implementation of the proposals.
75-day
estimate
Percent change
from preceding
quarter at
annual rates
to reflect the relationship between
the current rate of inflation—measured by the percentage increase in
the Consumer Price Index over the
previous 12 months—and the longrun
real interest rate. The desired relationship is approximated by dividing
the inflation rate by the nominal interest rate. For example, assuming an
inflation rate of 4 percent and a
nominal interest of 10 percent, the exclusion rate would be 40 percent.
Thus, 40 percent of nominal net interest income will not be taxed.
The repeal and limiting of deductions account for the largest share—
$50.3 billion—of the proposed increases and include: (1) repeal of the
deduction for State and local government taxes, and (2) limiting the deduction for charitable contributions to
those above 2 percent of AGI. The
repeal and limiting of exclusions account for $20.2 billion of the increases
and include taxing: (1) employer-paid
health insurance premiums in excess
of $70 per month for a single person
and $175 per month for a family, and
(2) workers' compensation, but with a
special credit for the elderly and disabled. The proposal to repeal the accelerated cost recovery system (ACRS)
for depreciation and replace it with
an indexed economic depreciation—
the real cost recovery system—increases taxes $12.9 billion.
The proposal to provide relief from
double taxation of dividends by allowing a 50-percent dividend-paid deduction to corporations increases individual income taxes $7.4 billion (based
on the assumption that more dividends will be paid by corporations).
Corporation income taxes
Corporation income taxes are increased $44.7 billion in 1990 by the
Treasury proposal, the net result of
$109.5 billion in tax reductions and
$154.4 billion in tax increases. Changing the rate structure from a graduated tax rate, up to 46 percent, to a flat
rate of 33 percent accounts for the
bulk of the reductions. The major increase occurs from repeal of ACRS
and replacing it with indexed economic depreciation. Repeal of the investment tax credit and applying uniform
rules for multiperiod construction increase taxes $31.7 billion and $13.9
billion, respectively.
Other taxes
Estate and gift taxes are reduced
slightly by a proposal to unify the
estate and gift tax structure by conforming the computation of the gift
tax base to that of the estate tax.
Excise taxes are reduced $3.1 billion
in 1990 by the proposal to accelerate
the phase-out of the windfall profit
tax.
•fc
* *
Third-quarter NIP A revisions
The 75-day revisions of the national
income and product accounts estimates for the third quarter of 1984
are shown in table 8.
Summary of BEA Staff Paper
Cyclical Adjustment of the Federal Budget and Federal Debt: Detailed Methodology and
Estimates
By Thomas M. Holloway
This paper describes the models
that BEA uses to estimate the cyclically adjusted Federal budget and inflation-induced changes in the cyclically adjusted budget. The quarterly
data for the variables in the models
and the regression equations underlying the coefficients in the models are
presented. The paper also discusses
the cyclical adjustment of Federal
debt and shows some results. Finally,
the paper presents some simplified estimation procedures that approximate
the results of the complete models,
but have much more limited data requirements.
This paper, which is No. 40 in the
BEA Staff Paper series, may be ordered from the Superintendent of
Documents, U.S. Government Printing Office, Washington, DC 20402.
The telephone number is (202) 783-
3238. The stock number is 003-01000126-7; price, $7.50. A supplement to
the staff paper provides revisions and
updates of the quarterly data from
the first quarter of 1981 to the second
quarter of 1984. The supplement is
available upon request from the Government Division (BE-57), Bureau of
Economic Analysis, U.S. Department
of Commerce, Washington, DC 20230.
Reconciliation and Other Special Tables
Table 1.—Relation of Net Exports of Goods and Services in the National
Income and Products Accounts (NIPA's) to Balance on Goods and
Services in the Balance of Payments Accounts (BPA's)
Table 2.—Real Gross National Product and National Income, Command
Over Goods and Services, and Related Series
[Billions of 1972 dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted
at annual rates
Line
1983
332.2
1.7
-6.5
0
II
III
362.8 355.6 366.7
1.5
1.6
3.2
1.3 -12.0 -10.1
.9
336.2
.4
.8
358.9
2.6
1.0
362.4
2.6
2.3
368.6
7 Imports of goods and services, BPA's
8 Less: Payments of income on U.S. Government liabilities
9
Gold, BPA's
10
Capital gains net of losses in direct investment
income payments.
11
Statistical differences l
12
Other items
13 Plus: Gold, NIPA's . .
14 Equals: Imports of goods and services, NIPA's
365.1
17.0
2.4
.6
432.9
18.7
2.8
1.1
445.8
19.1
3.9
-.2
487.0
20.3
3.5
2.1
.1
1.8
1.8
0
344.4
.2
410.4
-.1
421.1
-.1
459.3
15 Balance on goods and services BPA's (1 7)
Less: Gold (2-9+13)
17
Capital gains net of losses in direct investment
income (3-10).
18
Statistical differences (4-11)
19
Other items (5-12)
20 Plus: Payments of income on U.S. Government liabilities
(8).
21 Equals: Net exports of goods and services, NIPA's (6-14)
329
-7
-7.2
70 1
902 120 3
-1.2
-2.4
-.4
.2 -11.8 -12.2
0
0
.9
17.7
-8.3
.2
.8
18.7
-51.5
.8
1.0
19.1
-58.7
.8
2.3
20.3
-90.6
1. Consists of statistical revisions in the BPA's that have not yet been incorporated in the
NIPA's.
IV
I
II
III
1,534.7 1,550.2 1,572.7 1,610.9 1,638.8 1,645.2
1,522.1 1,538.3 1,570.7 1,619.2 1,650.2 1,672.2
270
-11.4
-8.3
11.9
2.0
12.6
1,214.5 1,229.8 1,248.4 1,279.8 1,309.9 1,316.0
GNP
Gross domestic purchases
Net exports of goods and services
National income..
. .
Command GNP basis
Gross domestic purchases
Net exports of goods and services l
Command, national income basis
1984
1983
III
1984
I
1 Exports of goods and services, BPA's
2 Less- Gold BPA's
3
Capital gains net of losses in direct investment
income receipts.
4
Statistical differences 1
5
Other items
6 Equals: Exports of goods and services, NIPA's
1983
.. . 1,519.0 1,532.3 1,559.7 1,599.9 1,628.5 1,637.8
1,522.1 1,538.3 1,570.7 1,619.2 1,650.2 1,672.2
-34.4
-19.2
-21.8
-5.9
-11.0
-3.0
1,200.7 1,214.0 1,236.7 1,270.1 1,300.6 1,309.4
Percent change from preceding period
GNP
Command GNP basis
National income
Command national income basis
Addendum:
Terms of trade 2
.
....
3.7
4.3
3.6
4.2
6.8
6.4
8.4
8.0
5.9
7.3
6.2
7.7
10.1
10.7
10.5
11.2
7.1
7.3
9.7
10.0
1.6
2.3
1.9
2.8
88.8
87.4
90.8
92.4
92.9
95.0
1. Equals current-dollar net exports of goods and services deflated by the implicit price
deflator for imports of goods and services.
2. Equals the ratio of the implicit price deflator for exports of goods and services to the
implicit price deflator for imports of goods and services.
12
SURVEY OF CURRENT BUSINESS
December 1984
National Income and Product Accounts Tables
New estimates in this issue: Third quarter 1984, revised.
The abbreviations used in the tables are: CCAdj Capital consumption adjustment
IVA
Inventory valuation adjustment
NIPA's National income and product accounts
Preliminary
p
Revised
r
The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United States, 1929-76: Statistical Tables (Stock
No. 003-010-00101-1, price $10.00). Estimates for 1977-79 and corrections for earlier years are in the July 1982 SURVEY; estimates for 1980 and
corrections for earlier years are in the July 1983 SURVEY; estimates for 1981-83 and corrections for earlier years are in the July 1984 SURVEY.
Summary NIPA Series, 1952-83, are in the August 1984 SURVEY. These publications are available from the Superintendent of Documents and
Commerce Department District Offices; see addresses inside front cover.
Table 1.1-1.2.—Gross National Product in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
II
Gross national product
3,069.3
Personal consumption expenditures
III
IV
2,141.6
2,181.4
I
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Nonfarm structures
Farm structures
Producers' durable equipment.
Change in business inventories
Nonfarm
Farm
..
Net exports of goods and services
Exports
Imports
Government purchases of goods and services
Federal
National defense .
Nondefense
State and local
1984
1983
1983
III r
II
III
IV
1,572.7
I
II
III r
1,610.9 1,638.8 1,645.2
3,553.3 3,644.7 3,694.6
1,480.0 1,534.7
1,524.8
1,550.2
963.3 1,009.2
1,006.2
1,015.6 1,032.4
1,044.1
1,064.2
1,065.9
157.5
376.3
475.4
156.2
374.9
475.1
159.6
378.5
477.6
167.2
383.2
482.0
173.7
387.1
483.4
178.6
396.6
488.9
177.0
395.5
493.5
245.1
276.1
310.9
279.8
284.1
299.8
757.5
801.7
811.7
841.3
796.9
823.0
982.2 1,074.4 1,068.6 1,085.7 1,107.5 1,124.4
Gross private domestic investment
II
1982
2,230.2 2,276.5 2,332.7 2,361.4
3,304.8 3,267.0 3,346.6 3,431.7
1,984.9 2,155.9
Durable goods
Nondurable goods
Services ..
1984
1983
1983
320.7
858.3
1,153.7
317.2
861.4
1,182.8
140.5
363.1
459.8
414.9
471.6
449.6
491.9
540.0
623.8
627.0
662.8
194.3
221.0
212.6
230.6
249.5
285.5
283.9
300.2
441.0
349.6
142.1
207.5
91.4
86.6
1.5
3.3
-26.1
-24.0
21
485.1
352.9
129.7
223.2
132.2
127.6
1.0
3.6
-13.5
31
104
469.0
339.3
125.6
213.6
129.8
125.3
.9
3.5
-19.4
-5.4
140
496.2
353.9
126.2
227.8
142.3
137.7
.9
3.7
-4.3
11.6
-15.9
527.3
383.9
136.6
247.3
143.4
138.7
.9
3.8
12.7
14.1
-1.4
550.0
398.8
142.2
256.7
151.2
146.4
.9
3.9
73.8
60.6
13.2
576.4
420.8
150.0
270.7
155.6
150.5
1.0
4.1
50.6
47.0
3.5
591.0
435.7
151.4
284.2
155.3
150.1
1.2
4.0
71.8
63.7
8.1
204.7
166.9
53.3
113.5
37.9
35.3
.6
1.9
-10.4
-9.2
12
224.6
171.0
49.2
121.8
53.7
51.2
.4
2.1
36
.6
-4.2
218.7
165.3
48.1
117.2
53.4
51.0
.4
2.1
61
3
-5.8
229.8
172.6
48.3
124.3
57.2
54.7
.4
2.1
.9
7.4
-6.6
242.2
184.5
51.4
133.1
57.8
55.2
.4
2.2
7.2
7.0
.2
253.9
193.3
54.1
139.2
60.6
58.0
.4
2.2
31.6
26.2
5.4
263.7
202.9
56.8
146.0
60.8
58.1
.4
2.3
20.3
18.7
1.6
269.6
209.5
57.1
152.4
60.1
57.3
.5
2.3
30.6
26.5
4.1
-16.4
-29.8
-58.7
-90.6
19.0
-8.3
-6.5
29.7
12.6
13.6
11.9
2.0
-8.3
11.4
-27.0
348.4
329.4
336.2
344.4
328.1
334.5
342.0
358.4
346.1
375.9
358.9
410.4
362.4
421.1
368.6
459.3
147.6
118.0
139.5
126.9
137.0
123.4
141.6
129.7
141.0
139.1
144.9
153.2
144.7
156.2
147.4
174.4
650.5
685.5
682.2
689.8
691.4
704.4
743.7
761.0
292.7
291.9
292.4
292.0
288.8
289.5
302.1
306.1
258.9
179.5
79.4
391.5
269.7
200.5
69.3
415.8
270.5
199.3
71.3
411.6
269.2
200.9
68.3
420.6
266.3
207.2
59.1
425.1
267.6
213.4
54.2
436.8
296.4
220.8
75.6
447.4
302.0
220.3
81.7
458.9
117.0
79.1
37.9
175.7
116.2
84.7
31.5
175.7
117.2
84.8
32.3
175.2
115.6
84.4
31.2
176.4
113.0
86.3
26.7
175.8
112.2
87.1
25.2
177.3
123.2
89.6
33.6
178.9
125.0
89.1
36.0
181.1
51 5
Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
1983
II
Goods
Final sales
Durable goods
Final sales
Change in business inventories
Nondurable goods
Final sales
Change in business inventories
Services....
Structures
Addenda:
Gross domestic purchases *
Final sales to domestic purchasers *
....
III
IV
I
3,431.7
II
1982
III r
II
III
IV
1,524.8
1,550.2
1,572.7
3,553.3
3,644.7 3,694.6
1,480.0 1,534.7
3,286.4 3,350.9
-4.3
-19.4
3,419.0 3,479.5
73.8
12.7
3,594.1 3,622.8
50.6
71.8
1,490.4
-10.4
1,276.8
1,355.7
1,337.1 1,373.2
1,423.9
1,498.0
1,544.8
1,549.2
660.6
688.6
681.6
698.1
1,302.9
-26.1
1,369.2
-13.5
1,356.5
194
1,377.5 1,411.2
-4.3
12.7
1,424.2
73.8
1,494.2
50.6
1,477.4
71.8
671.1
-10.4
692.2
3.6
687.7
6.1
697.2
.9
499.9
517.9
-18.0
776.9
785.0
-8.1
555.3
557.5
-2.1
800.4
811.7
-11.3
541.1
546.5
-5.5
796.1
810.0
-13.9
632.3
597.5
34.9
865.7
826.8
38.9
647.9
629.7
18.2
896.9
864.6
32.4
654.7
613.1
41.7
894.4
864.3
30.1
269.5
277.4
-7.8
391.1
393.7
-2.6
295.6
296.1
.5
392.9
396.1
-3.2
290.2
292.3
-2.1
391.4
395.4
-4.0
1,627.2 1,654.5 1,681.3 1,713.7
319.0
326.5
341.6
302.6
1,742.6 1,783.3
357.2
362.1
707.8
111.6
723.2
122.9
721.9
121.3
, 3,050.2 3,313.1 3,273.4 3,363.0 3,461.5 3,604.8
3,076.3 3,326.5 3,292.8 3,367.4 3,448.8 3,531.0
3,703.4 3,785.2
3,652.8 3,713.4
3,304.8 3,267.0 3,346.6
1,510.8 1,639.3
309.8
281.7
576.9
564.5
12.5
796.2
813.0
-16.8
607.4
592.9
14.5
816.5
818.3
-1.7
1,538.3 1,530.9
-6.1
-3.6
I
II
III r
1,610.9 1,638.8 1,645.2
1,549.3 1,565.4 1,579.3
31.6
7.2
.9
1,618.5
20.3
1,614.6
30.6
715.5
744.9
767.4
766.8
708.2
7.2
713.3
31.6
747.1
20.3
736.1
30.6
305.2
299.6
5.6
392.9
397.7
-4.8
318.6
311.9
6.6
396.9
396.3
.6
331.1
316.4
14.7
413.8
396.9
16.9
339.5
331.4
8.1
427.9
415.7
12.2
340.2
322.4
17.8
426.5
413.7
12.8
725.4
126.6
728.7
128.5
731.4
134.6
732.9
138.5
739.0
139.4
1,450.3 1,522.1 1,511.2 1,538.3 1,570.7
1,460.7 1,525.7 1,517.3 1,537.4 1,563.4
1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
1984
1983
1983
3,095.4 3,318.3
261 -13.5
3,069.3
Gross national product
Final sales
Change in business inventories
1984
1983
1,619.2 1,650.2 1,672.2
1,587.6 1,629.9 1,641.6
13
SURVEY OF CURRENT BUSINESS
December 1984
Table 1.5-1.6.—Gross National Product by Sector in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
1983
II
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy .
Households and institutions
Private households
Nonprofit institutions
Government
Federal
State and local
Rest of the world
Addendum:
Gross domestic business product less housing
1982
1984
1983
IV
III
I
II
HI'
II
1984
1983
1983
III
IV
1,572.7
3,069.3 3,304.8 3,267.0 3,346.6
3,431.7
3,553.3 3,644.7 3,694.6
1,480.0
1,534.7
1,524.8
1,550.2
3,021.3
2,589.0
2,514.4
2,246.6
267.9
75.1
-.5
107.4
7.6
99.8
324.9
101.2
223.7
48.0
3,384.1
2,906.8
2,854.3
2,550.2
304.1
57.3
-4.8
119.6
7.9
111.8
357.7
109.5
248.2
47.7
3,505.7
3,017.2
2,943.4
2,632.8
310.6
71.6
2.2
121.0
7.9
113.1
367.4
113.8
253.6
47.6
1,456.7
1,253.4
1,214.8
1,075.6
139.2
38.9
3
46.7
3.3
43.4
156.5
50.5
106.0
23.3
1,512.1
1,307.8
1,273.8
1,130.6
143.2
33.8
.2
47.3
3.3
44.0
157.0
51.3
105.7
22.5
1,502.6
1,298.5
1,264.1
1,121.5
142.6
32.5
1.9
47.2
3.3
43.9
156.9
51.2
105.6
22.2
1,526.2 1,550.7
1,321.9 1,345.7
1,289.3 1,316.3
1,145.6 1,171.2
145.1
143.8
34.8
31.6
-2.3
-2.2
47.3
47.5
3.3
3.3
44.0
44.2
157.0
157.5
51.4
51.7
105.6
105.8
24.0
21.9
1,112.9
1,163.5
3,219.6
2,757.6
2,695.2
2,404.6
290.7
58.3
4.1
115.6
7.7
107.9
346.4
107.3
239.1
47.4
3,256.5
2,790.8
2,728.9
2,434.7
294.2
61.5
.5
116.5
7.8
108.7
349.2
107.8
241.4
48.3
3,295.2
2,826.2
2,769.3
2,471.9
297.4
61.7
-4.8
117.3
7.8
109.6
351.6
108.1
243.6
51.5
3,602.6
3,106.8
3,037.5
2,718.8
318.7
78.3
-9.0
123.1
8.0
115.1
372.7
114.4
258.3
42.1
3,650.1
3,148.5
3,078.0
2,750.3
327.7
83.5
-13.0
123.8
8.1
115.7
377.7
114.7
263.0
44.5
2,312.1 2,487.7
Table 1.7.—Relation of Gross National Product, Net National Product,
National Income, and Personal Income
I
II
III r
1,610.9
1,638.8
1,645.2
1,589.2 1,619.8 1,625.3
1,384.0 1,414.1 1,419.5
1,347.5 1,380.1 1,383.5
1,200.9 1,232.1 1,233.9
149.6
148.0
146.5
41.8
38.1
35.6
4.1
5.9
1.0
47.7
47.6
47.9
3.4
3.4
3.4
44.3
44.2
44.5
158.1
157.7
157.8
52.0
51.9
51.8
106.2
105.8
105.9
19.9
21.6
19.0
Table 1.11.—National Income by Type of Income
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
1983
II
III
1982
IV
II
National income
Gross national product
Less:
Capital consumption allowances with CCAdj...
Capital consumption allowances
Less: CCAdj
Equals: Net national product
Less:
Indirect business tax and
nontax liability
Business transfer payments....
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less:
Corporate profits with
IVA and CCAdj
Net interest
Contributions for social
insurance ...
Wage accruals less disbursements
Plus:
Government transfer payments to persons
Personal interest income....
Personal dividend income ..
Business transfer payments
Equals: Personal income
3,069.3 3,304.8 3,267.0 3,346.6 3,431.7 3,553.3 3,644.7 3,694.6
358.8
377.1
371.2
382.8
386.4
391.8
400.0
406.9
314.2
-44.7
367.2
-9.9
360.1
-11.1
375.7
-7.1
387.8
1.4
398.6
6.8
410.3
10.3
423.1
16.3
2,710.4 2,927.7 2,895.8 2,963.9 3,045.4 3,161.5 3,244.7 3,287.7
258.8
280.4
279.9
284.7
290.1
295.5
301.3
306.6
14.1
-.5
15.6
.5
15.4
4.1
15.8
-4.8
16.2
-4.8
16.7
2.2
17.1
-9.0
17.5
-13.0
8.8
15.6
12.7
16.2
22.6
26.4
9.6
8.4
2,446.8 2,646.7 2,609.0 2,684.4 2,766.5 2,873.5 2,944.8 2,984.9
159.1
260.9
225.2
256.6
216.7
254.2
245.0
259.2
260.0
258.9
277.4
266.8
291.1
282.8
282.8
293.5
251.3
272.7
270.2
274.3
281.0
298.9
304.2
308.1
.2
.2
-.4
0
4
-1.3
361.9
366.6
66.5
389.3
376.3
70.3
391.9
368.8
69.1
14.1
15.6
15.4
2,584.6 2,744.2 2,714.4
-.4
0
388.1
382.3
70.7
392.5
388.2
72.8
394.7
403.9
75.0
398.1
425.6
77.2
401.0
449.3
78.5
15.8
16.2
16.7
17.1
17.5
2,763.3 2,836.5 2,920.5 2,984.6 3,047.3
IV
I
II
III r
[Billions of 1972 dollars]
Gross national product
1,480.0 1,534.7 1,524.8 1,550.2 1,572.7 1,610.9 1,638.8 1,645.2
Less: Capital consumption
allowances with CCAdj
161.9
168.1
166.7
172.2
174.1
170.1
170.6
176.0
Equals: Net national product
1 318 1 1 3666 1 358 1 1 380 1 1 402 0 1 438 7 1 4647 1 469 2
Less: Indirect business tax
and nontax liability plus
business transfer payments less subsidies plus
current surplus of government enterprises
146.1
1510
1518
1525
1579
1589
1559
1591
-.3
Statistical discrepancy....
.2
-4.1
1.9
-2.3
-2.2
1.0
-5.9
Equals: National income
1,172.3 1,214.5 1,205.2 1,229.8 1,248.4 1,279.8 1,309.9 1,316.0
2,446.8 2,646.7 2,609.0 2,684.4 2,766.5 2,873.5 2,944.8 2,984.9
Compensation of employ1,864.2 1,984.9 1,962.4 2,000.7 2,055.4 2,113.4 2,159.2 2,191.9
ees
1,568.7 1,658.8 1,640.8 1,670.8 1,715.4 1,755.9 1,793.3 1,819.1
Wages and salaries
Government and gov347.5
352.0
342.9
330.6
335.0
325.0
327.7
ernment enterprises .... 306.5
1,262.2 1,331.1 1,315.9 1,340.3 1,380.4 1,413.0 1,445.8 1,467.1
Other
Supplements to wages
357.4
340.0
365.9
372.8
329.9
321.6
326.2
295.5
and salaries
Employer
contributions for social in172.4
169.4
174.7
157.9
153.9
151.7
153.1
140.0
surance
188.1
193.5
198.1
182.1
175.9
169.9
173.1
155.5
Other labor income
Proprietors' income with
IVA and CCAdj
Farm
Proprietors' income
with IVA
CCAdj
Nonfarm
Proprietors' income
IVA
CCAdj
Rental income of persons
with CCAdj
Rental income of persons . . ..
CCAdj
Corporate profits with IVA
and CCAdj
Corporate profits with
IVA
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits
IVA
CCAdj
Net interest .
Table 1.8.—Relation of Gross National Product, Net National Product,
and National Income in Constant Dollars
III
III r
II
I
1984
1983
1983
1984
1983
Addenda:
Corporate profits after
tax with IVA and
CCAdj
Dividends
Undistributed
profits
with IVA and CCAdj
111.1
21.8
121.7
13.8
116.9
10.1
123.3
11.2
131.9
17.3
154.9
32.5
149.8
23.4
153.7
27.3
30.2
-8.4
89.2
87.6
5
2.1
22.1
-8.4
107.9
100.4
8
8.3
18.4
-8.4
106.8
99.4
10
8.3
19.6
-8.4
112.1
103.8
-1.3
9.5
25.7
-8.3
114.6
105.5
7
9.7
40.7
-8.3
122.5
112.4
-1.2
11.2
31.7
83
126.3
115.0
-.4
11.8
35.5
82
126.4
113.8
.1
12.5
51.5
58.3
59.0
56.2
60.4
61.0
62.0
63.0
88.4
-36.9
96.6
-38.3
96.0
-37.0
96.6
-40.3
99.1
387
99.9
-38.8
102.5
406
104.2
412
159.1
225.2
216.7
245.0
260.0
277.4
291.1
282.8
156.0
165.5
60.7
104.8
69.2
192.0
203.2
75.8
127.4
72.9
186.1
198.2
74.8
123.4
71.7
208.1
216.3
227.4
225.5
84.7 ^84^142.6
141.1
73.3
75.4
229.8
243.3
92.7
150.6
77.7
238.7
246.0
95.8
150.2
79.9
224.5
224.8
83.1
141.7
81.3
35.6
95
3.1
54.5
112
33.2
51.7
-12.1
30.6
69.3
-19.3
36.9
65.6
-9.2
43.6
72.9
-13.5
47.6
70.2
-7.3
52.3
60.3
-.2
58.3
260.9
256.6
254.2
259.2
258.9
266.8
282.8
293.5
98.4
69.2
149.4
72.9
141.9
•71.7
160.2
73.3
175.5
75.4
184.7
77.7
195.2
79.9
199.8
81.3
29.2
76.5
70.2
86.9
100.0
107.0
115.3
118.4
14
SURVEY OF CURRENT BUSINESS
December 1984
Table 1.13.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Business
in Current and Constant Dollars
1982
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1983
1983
II
Gross
domestic
product of corporate business
Capital consumption allowances with CCAdj
Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments less subsidies
III
1984
IV
I
Net domestic product..
1,568.7 1,699.7
Indirect business tax and
nontax liability plus
business transfer payments less subsidies
180.2
196.7
Domestic income
1,388.4 1,503.0
Compensation of employees
1,198.1 1,263.1
Wages and salaries
998.4 1,044.3
Supplements
to
wages and salaries... 199.7
218.8
Corporate profits with
IVA and CCAdj
171.0
118.1
231.2
228.2
233.4
236.4
244.1
239.9
248.1
1,660.5 1,805.8 1,780.6 1,843.2 1,898.6 1,967.5 2,027.2 2,044.3
189.2
206.2
205.9
210.0
213.4
227.2
223.5
217.2
1,471.3 1,599.6 1,574.7 1,633.3 1,685.2 1,750.3 1,803.7 1,817.1
Domestic income
Compensation of em1,281.5 1,357.1 1,341.3 1,372.8 1,407.2 1,453.2 1,485.6 1,508.3
ployees
1,067.0 1,121.2 1,108.0 1,129.0 1,163.5 1,192.0 1,219.0 1,236.5
Wages and salaries
Supplements
to
271.7
266.6
233.3
261.2
236.0
243.8
243.7
wages and salaries ... 214.5
Corporate profits with
269.8
258.5
193.0
200.4
217.5
234.4
136.7
251.7
IVA and CCAdj ... .
Profits before tax
Profits tax liability ..
Profits after tax
143.1
60.7
82.5
56.7
178.4
75.8
102.6
63.0
174.5
74.8
99.7
63.2
199.9
84.7
115.2
63.3
200.0
84.5
115.5
64.2
217.6
92.7
124.9
66.3
224.8
95.8
128.9
70.9
200.4
83.1
117.3
71.6
25.8
95
3.1
53.1
39.6
-11.2
33.2
42.1
36.6
12.1
30.6
40.4
51.9
-19.3
36.9
43.0
51.3
-9.2
43.6
43.6
58.6
-13.5
47.6
45.4
58.1
-7.3
52.3
48.3
45.7
— 2
58'.3
50.4
III
I
IV
III'
II
1,672.3 1,736.6 1,791.8 1,858.6 1,917.6 1,936.0
196.4
203.7
207.3
213.4
216.9
200.4
1,475.9 1,536.2 1,588.0 1,651.2 1,704.2 1,719.1
1,247.7 1,277.8 1,310.8 1,354.0 1,384.5 1,405.2
1,031.5 1,051.5 1,084.8 1,111.3 1,137.1 1,153.0
216.2
226.4
226.0
242.7
247.4
252.1
161.2
188.0
205.8
223.0
240.8
231.6
123.5
44.3
79.2
56.8
148.8
58.0
90.8
62.8
142.5
56.4
86.1
62.9
170.4
67.0
103.4
63.2
171.5
66.7
104.8
63.9
188.9
74.5
114.5
65.9
195.9
77.2
118.6
70.3
173.8
64.4
109.5
70.9
22.4
-9.5
4.1
72.3
28.0
-11.2
33.4
69.0
23.1
-12.1
30.7
67.1
40.2
-19.3
36.9
70.4
40.9
-9.2
43.6
71.3
48.5
-13.5
47.5
74.2
48.3
73
52.2
78.9
38.5
2
58.0
82.4
979.5
980.0
Billions of 1972 dollars
Undistributed
IVA P
CCAdj
Net interest
Gross
domestic
product of financial
corporate
business
Gross
domestic
product of nonfinancial
corporate business
Capital consumption allowances with CCAdj
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits
IVA
CCAdj
Net interest .
1984
1983
II
1,882.2 2,037.0 2,008.8 2,076.6 2,135.0 2,207.4 2,271.3 2,292.4
221.8
1983
1982
III'
II
103.8
119.3
1,778.4 1,917.7
209.7
218.0
Gross domestic product of nonfinancial
corporate business-
123.5
Capital consumption allowances with CCAdj
1,887.6 1,956.6 2,014.2 2,084.2 2,146.9 2,168.9
Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments less subsidies
Domestic income
121.2
120.0
215.3
220.0
120.8
124.3
123.3
222.5
229.3
225.6
232.9
857.4
896.4
886.2
912.4
931.1
956.9
96.7
100.0
99.3
100.7
101.5
102.4
103.4
104.5
760.8
796.4
787.0
811.7
829.6
854.6
876.1
875.5
94.7
666.1
97.8
698.6
97.4
689.5
98.5
713.2
100.0
729.6
100.7
753.9
101.2
774.9
101.1
774.4
Table 1.14-1.15.—Auto Output in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Auto output
Exports
Imports.. .
Government purchases
New
Used
Addenda:
Domestic output of new autos2 *
Sales of imported new autos
IV
III
II
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
1984
1983
1983
1982
1984
1983
IV
III
II
III'
II
I
1983
1982
I
II
III'
67.0
88.7
79.4
96.6
99.6
114.8
98.7
99.0
38.9
49.9
45.3
53.9
55.1
62.5
54.4
54.4
69.4
73.6
52.8
20.8
12.1
24.8
-12.7
17 3
2^8
20.1
1.0
24
-2.6
.3
87.5
88.3
65.2
23.0
17.3
31.0
13.7
19 2
4.1
23.2
1.2
1.2
.7
.4
86.7
88.1
66.0
22.2
16.0
28.8
-12.8
18 5
3^9
22.4
1.1
-7.3
77
.5
92.1
90.2
66.4
23.8
19.0
32.9
-13.9
-18.3
4.1
22.4
1.2
4.4
4.2
.2
95.3
96.3
71.9
24.5
19.8
34.9
-15.1
-22.1
4.4
26.5
1.1
4.4
3.6
.8
104.0
101.9
76.2
25.7
24.3
39.6
— 15.3
-23.5
5.4
28.8
1.2
10.8
10.0
.9
105.8
104.6
77.8
26.8
24.9
40.8
— 15.9
245
4.6
29.1
.9
-7.1
-8.2
1.1
100.6
100.9
73.6
27.3
26.2
41.8
— 15.6
-27.4
5.0
32.4
.8
-1.6
-1.3
-.3
40.3
37.2
29.7
7.5
9.3
14.0
—4.7
68
1.6
8.4
.7
14
-1.5
.1
49.1
43.4
35.8
7.6
12.4
17.0
-4.6
74
2.2
9.6
.7
.8
.7
.1
48.8
43.9
36.4
7.4
11.5
15.9
-4.4
-7.2
2.1
9.4
.7
-3.5
3.7
.2
51.5
44.2
36.5
7.7
13.5
18.1
-4.6
-7.0
2.2
9.2
.7
2.4
2.3
.1
52.8
46.5
38.8
7.7
14.0
18.8
57.2
48.8
41.0
7.8
16.5
21.2
-8.5
2.4
10.9
.7
2.3
2.1
.3
8.9
2.8
11.7
.8
5.2
5.0
.3
58.3
49.7
41.8
7.9
17.1
21.8
-4.7
-9.2
2.4
11.7
.7
3.9
-4.2
.3
55.4
47.4
39.4
8.0
17.6
22.2
A a.
-10.3
2.6
12.9
.6
-1.0
-.9
.1
51.1
27.6
70.1
33.1
62.0
33.1
76.0
32.5
78.9
37.3
95.7
34.4
79.3
38.2
82.4
37.1
28.8
15.5
38.4
18.1
34.3
18.3
41.7
17.9
42.6
20.1
51.2
18.5
42.5
20.6
43.9
19.9
Table 1.16-1.17.—Truck Output in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
/
Seasonally adjusted at annual rates
1982
II
Truck output *
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
. .
Exports
Imports
Government purchases
Change in business inventories
1984
1983
1983
IV
III
II
Seasonally adjusted at annual rates
II
III'
1984
1983
1983
III
IV
I
II
III'
30.2
36.3
32.6
37.7
44.4
49.6
51.1
56.8
14.1
16.7
15.2
17.3
20.3
22.1
22.5
24.5
30.5
11.3
18.0
-2.7
2.5
5.2
4.0
36.1
15.3
20.8
-3.9
2.0
5.9
3.9
32.9
14.9
18.6
-4.4
1.8
6.2
3.8
37.5
15.7
20.9
-3.2
2.1
5.3
4.1
43.1
18.2
25.9
5.0
2.2
7.2
4.0
45.8
17.9
27.3
4.7
2.4
7.1
5.3
50.5
19.3
32.7
-6.6
2.2
8.8
5.1
52.6
19.6
33.7
-5.3
2.6
7.9
4.6
14.3
6.4
7.6
1.4
1.1
2.5
1.7
16.6
8.4
8.6
-1.9
.8
2.7
1.6
15.3
8.2
7.6
-2.1
.7
2.9
1.6
17.3
8.6
8.6
1.6
.9
2.5
1.7
19.8
9.8
10.7
-2.4
.9
3.3
1.7
20.5
9.6
11.0
-2.2
1.0
3.2
2.1
22.2
10.3
12.9
-3.1
.9
4.0
2.0
22.8
10.5
13.2
-2.6
1.0
3.6
1.8
-.4
.2
-.4
.1
1.3
3.8
.6
4.2
.1
.1
-.1
.6
1.6
.3
1.7
Table 1.14-1.15:
1. Consists of final sales and change in business inventories of new autos produced in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
I
1982
Table 1.16-1.17:
1. Includes new trucks only.
0
15
SURVEY OF CURRENT BUSINESS
December 1984
Table 2.2-2.3.—Personal Consumption Expenditures by Major Type of
Product in Current and Constant Dollars
Table 2.1.—Personal Income and Its Disposition
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
1982
1983
1983
II
III
Seasonally adjusted at annual rates
1984
IV
I
II
1982
III r
in
II
Personal income
2,584.6
Wage and salary disbursements
1,568.7
Commodity-producing
industries
509.3
Manufacturing
382.9
Distributive industries
378.6
Service industries
374.3
Government and government enterprises
306.6
Other labor income
155.5
Proprietors' income with IVA
and CCAdj
Farm
Nonfarm
Rental income of
with CCAdj
111.1
21.8
89.2
2,744.2 2,714.4 2,763.3 2,836.5 2,920.5 2,984.6
3,047.3
1,659.2 1,642.1 1,671.3 1,715.4 1,755.7 1,793.1
1,819.5
519.3
395.2
398.6
413.1
511.4
389.3
395.4
409.1
523.5
399.1
399.7
417.0
539.0
411.9
413.2
428.2
555.9
424.6
419.2
437.9
567.0
432.2
429.5
449.3
573.3
436.4
436.4
457.3
328.2
326.2
331.0
335.0
342.8
347.3
352.4
173.1
169.9
175.9
182.1
188.1
193.5
198.1
121.7
13.8
107.9
116.9
10.1
106.8
123.3
11.2
112.1
131.9
17.3
114.6
154.9
32.5
122.5
149.8
23.4
126.3
153.7
27.3
126.4
persons
51.5
58.3
59.0
56.2
60.4
61.0
62.0
63.0
Personal dividend income
66.5
70.3
69.1
70.7
72.8
75.0
77.2
78.5
Personal interest income
366.6
376.3
368.8
382.3
388.2
403.9
425.6
449.3
Transfer payments
Old-age, survivors, disability, and health insurance
benefits.
Government unemployment
insurance benefits
Veterans benefits
Government employees retirement benefits
Other transfer payments
Aid to families with dependent children
Other
376.1
405.0
407.3
403.9
408.8
411.3
415.2
418.6
204.5
221.6
219.8
222.4
227.7
232.1
235.2
238.2
25.2
16.4
26.1
16.6
31.7
16.6
22.8
16.6
20.2
16.5
16.7
16.4
15.8
16.6
15.2
16.7
54.9
75.0
59.5
81.0
59.1
80.2
60.4
81.7
61.3
83.1
62.4
83.7
63.1
84.5
63.9
84.6
13.3
61.7
14.2
66.8
14.3
65.9
14.3
67.4
14.3
68.8
14.9
68.8
14.9
69.6
14.6
70.0
Less: Personal contributions for social insurance .
Less: Personal
tax
nontax payments ..
111.4
119.6
118.5
120.4
123.2
129.6
131.8
133.4
404.1
404.2
411.6
395.8
407.9
418.3
430.3
440.9
2,340.1 2,302.9 2,367.4 2,428.6 2,502.2 2,554.3
2,606.4
2,222.0 2,206.1 2,248.4 2,300.0 2,349.6 2,409.5
2,442.3
2,155.9 2,141.6 2,181.4 2,230.2 2,276.5 2,332.7
2,361.4
Equals: Disposable personal
income
2,180.5
Less: Personal outlays
2,044.5
Personal consumption expenditures
1,984.9
Interest paid by consumers
to business
58.5
Personal transfer payments
to foreigners (net)
1.2
136.0
Addenda:
Disposable personal
income:
Total, billions of 1972 dollars
1,058.3
Per capita:
Current dollars
9,385
1972 dollars
4,555
Population (millions)
232.4
Personal saving as percentage of disposable personal income
Durable goods
Motor vehicles and parts ...
Furniture and household
equipment
Other
Nondurable goods
Food...
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
65.1
63.6
65.9
68.7
71.9
75.7
79.8
1.0
1.0
1.1
1.2
1.2
1.0
1.1
118.1
96.7
119.0
128.7
152.5
144.8
164.1
1,095.4 1,082.0 1,102.2 1,124.3 1,147.6 1,165.3
1,176.5
9,977
4,670
234.5
9,832 10,082 10,318 10,608 10,806
4,619 4,694 4,776 4,865 4,930
234.2 234.8 235.4, 235.9 236.4
11,000
4,965
237.0
IV
III r
II
I
1,984.9 2,155.9 2,141.6 2,181.4 2,230.2 2,276.5 2,332.7 2,361.4
245.1
279.8
276.1
284.1
299.8
310.9
320.7
317.2
108.7
129.3
128.4
132.0
141.7
147.7
152.3
148.6
94.4
42.1
104.1
46.4
102.4
45.3
105.2
46.9
109.8
48.2
113.0
50.3
116.6
51.7
116.8
51.9
757.5
801.7
796.9
811.7
823.0
841.3
858.3
861.4
392.8
118.8
90.4
155.6
20.6
135.0
416.5
127.0
90.0
168.2
21.0
147.2
413.6
127.1
89.5
166.7
21.0
145.7
420.5
126.8
92.1
172.2
22.4
149.8
425.1
132.5
91.7
173.6
22.1
151.5
433.9
136.1
92.0
179.3
22.5
156.7
442.1
142.2
92.8
181.2
21.6
159.7
448.6
139.3
90.0
183.6
21.1
162.5
982.2 1,074.4 1,068.6 1,085.7 1,107.5 1,124.4 1,153.7 1,182.8
Services
Housing
Household operation
Electricity and gas
Other
Transportation
Other
333.8
143.4
75.2
68.2
68.2
436.8
363.3
153.8
81.3
72.5
72.5
484.8
359.2
155.0
82.6
72.5
71.1
483.2
366.8
155.7
83.6
72.1
73.9
489.3
374.7
157.5
84.0
73.5
74.8
500.5
382.4
158.8
82.6
76.2
76.1
507.1
392.4
163.3
86.1
77.2
77.6
520.4
403.3
167.6
88.4
79.2
78.5
533.4
Billions of 1972 dollars
Personal consumption expenditures
Durable goods
Motor vehicles and parts ...
Furniture and household
equipment
Other
Nondurable goods
and
Equals: Personal saving
Personal consumption expenditures
1984
1983
1983
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
Services ....
Housing
Household operation
Electricity and gas
Other
Transportation
Other
963.3 1,009.2 1,006.2 1,015.6 1,032.4 1,044.1 1,064.2 1,065.9
140.5
157.5
156.2
159.6
167.2
173.7
178.6
177.0
57.0
66.6
66.8
68.0
72.2
75.2
77.2
74.8
60.3
23.2
65.9
25.0
64.9
24.5
66.5
25.0
69.3
25.8
71.7
26.7
74.1
27.4
74.8
27.4
363.1
376.3
374.9
378.5
383.2
387.1
396.6
395.5
182.3
84.2
25.3
71.1
3.6
67.5
188.9
88.5
26.1
72.9
4.0
68.9
187.4
89.0
25.9
72.5
4.0
68.5
190.9
87.6
26.1
73.9
4.2
69.7
191.2
91.4
26.3
74.3
4.2
70.2
189.7
94.2
27.0
76.1
4.1
72.0
193.6
99.1
27.1
76.9
3.9
73.0
195.6
95.9
26.9
77.1
3.9
73.1
459.8
475.4
475.1
477.6
482.0
483.4
488.9
493.5
167.5
63.5
24.6
38.9
31.6
197.2
171.3
64.1
24.9
39.1
31.7
208.3
170.6
64.4
25.1
39.3
31.5
208.6
171.9
64.6
25.7
38.9
31.7
209.4
173.4
64.6
25.3
39.3
32.2
211.8
175.1
64.0
24.8
39.2
32.4
211.9
176.8
65.1
25.6
39.5
32.7
214.3
178.5
65.1
25.2
39.9
32.6
217.2
Table 3.14.—State and Local Government Social Insurance Funds
Receipts and Expenditures
[Billions of dollars]
6.2
5.0
4.2
5.0
5.3
6.1
5.7
6.3
Receipts
Contributions for social insurance
Personal contribution
Employer contributions
Government and government enterprises ....
Other
Interest and dividends received
Expenditures
Administrative
expenses
(purchases of goods and
services)
Transfer payments to persons
Surplus or
(-) ...
57.9
64.6
63.5
65.4
67.5
69.8
72.0
74.1
358
390
385
394
403
413
421
430
9.5
26.3
10.4
28.6
10.3
28.2
10.5
28.9
10.7
29.6
11.0
30.3
11.2
30.9
11.5
31.5
23.9
2.4
26.1
25
25.8
2.5
26.3
25
27.0
2.6
27.6
2.7
28.2
2.7
28.8
2.7
221
256
250
260
272
285
298
31 1
242
27 1
266
274
28.4
29.3
30.0
30.8
9
10
10
10
10
1.1
11
1.1
233
261
256
265
27.4
28.3
29.0
29.6
337
37.5
369
380
39.1
40.5
41.9
43.3
deficit
Table 3.14:
NOTE.—In this table, interest and dividends received are included in receipts; in tables 3.2 and
3.3, interest received and dividends received are netted against expenditures.
16
December 1984
SURVEY OF CURRENT BUSINESS
Table 3.2.—Federal Government Receipts and Expenditures
1982
Receipts
616.7
Personal tax and nontax
receipts
Income taxes
Estate and gift taxes
Nontaxes
Corporate profits tax accruals
Indirect business tax and
nontax accruals
Excise taxes
Customs duties
Nontaxes
Contributions for social
insurance
Expenditures
Subsidies less current surplus of government
enterprises
Subsidies
Less: Current surplus of
government enterprisesLess: Wage accruals
disbursements
Social insurance funds
Other
1982
1984
1983
II
III
IV
I
649.3
640.2
655.0
686.4
II
III r
704.3
706.2
520.6
524.6
97.8
51.9
36.7
9.2
109.0
58.7
40.8
9.5
106.9
57.3
40.1
9.4
111.3
60.4
41.4
9.5
114.6
62.2
42.7
9.6
116.7
63.0
43.9
9.8
119.6
64.5
45.2
9.9
121.2
64.6
46.5
10.2
14.0
16.0
15.6
18.0
18.0
19.7
20.2
17.8
210.3
96.6
85.1
28.7
228.0
107.4
91.3
29.3
226.1
106.4
90.5
29.2
230.7
109.2
92.1
29.4
235.6
112.2
93.6
29.7
241.4
116.2
95.2
30.0
245.4
118.3
96.9
30.2
250.5
120.2
99.4
30.9
35.8
39.0
38.5
39.4
40.3
41.3
42.1
43.0
83.9
86.3
86.3
86.7
86.5
90.6
93.2
92.1
409.0
434.1
429.6
438.7
443.8
455.7
466.1
477.0
391.5
415.8
411.6
420.6
425.1
436.8
447.4
458.9
223.7
167.8
241.4
174.4
239.1
172.5
243.6
177.0
248.2
176.9
253.6
183.2
258.3
189.1
263.0
195.9
46.7
-19.1
27.9
50.7
219
32.4
50.0
-21.6
31.6
51.0
-22.4
32.9
52.5
-23.2
34.4
53.6
-24.0
35.9
54.4
249
37.5
54.8
259
39.0
47.0
319.7
314.0
5.0
.7
46.6
59.8
59.2
66.7
66.5
73.0
75.6
65.3
48.4
32.7
8.6
7.1
52.4
36.1
9.1
7.1
53.8
37.7
9.0
7.1
54.0
37.0
9.7
7.3
54.5
37.0
10.0
7.5
54.1
36.0
10.9
7.1
55.9
36.1
12.1
7.7
56.1
35.6
12.4
8.2
215.5
233.7
231.7
234.9
240.7
257.6
262.0
265.2
Indirect business tax and
nontaxaccruals
Sales taxes
Property taxes
Other
Contributions for social insurance
819.7
816.7
821.1
835.5
847.6
868.0
886.8
Federal grants-in-aid
Expenditures
296.4
220.8
75.6
350.1
343.7
6.4
302.0
220.3
81.7
353.8
346.2
7.7
83.9
84.4
107.4
86.3
94.2
119.5
86.3
90.0
115.3
86.7
97.3
123.1
86.5
102.0
127.5
90.6
107.6
133.6
93.2
110.9
138.0
92.1
122.0
149.0
89.3
18.1
23.0
101.8
17.7
25.3
98.0
17.3
25.3
105.4
17.7
25.8
109.5
18.1
25.6
115.2
18.4
26.0
119.2
18.9
27.2
128.9
20.0
27.0
16.1
15.0
23.4
21.7
20.5
21.0
24.1
19.7
30.6
30.0
34.4
33.7
17.7
16.4
16.5
15.8
-1.1
-1.7
.5
-4.4
— .5
-.7
-1.3
0
-.4
13
4
-32.0
-116.2
Purchases of goods and
services
,
Compensation of employees
,
Other
Transfer payments to persons
Interest paid
54.3
53.2
55.3
57.6
59.9
62.4
64.9
Less: Dividends received
Subsidies less current surplus of government
enterprises
Subsidies
2.8
2.6
2.6
2.6
2.6
2.7
2.7
2.8
-7.3
.5
-7.8
.5
-7.8
.5
-7.9
.5
-7.9
.5
-8.0
.6
-8.0
.6
81
.6
-.7
Less: Current surplus of
government enterprises .
7.7
8.3
8.3
8.4
8.5
8.6
8.6
8.7
— .•*
Less: Wage accruals less
disbursements
0
0
0
0
0
0
0
C
1613 -163.7 -180.6
Surplus or deficit
(-), NIPA's
32.9
44.1
43.9
47.4
51.2
53.9
54.5
47.6
33.7
-.8
37.5
6.6
36.9
7.0
38.0
9.5
39.1
12.0
40.5
13.4
41.9
12.6
43.3
4.3
0
.2
-148.2 -178.6 -167.3 -180.9 -180.5
III'
509.6
310.7
303.8
6.2
.6
267.6
213.4
54.2
347.7
341.1
6.6
II
495.0
301.6
294.5
6.4
.6
266.3
207.2
59.1
350.1
340.0
10.1
I
486.1
293.3
287.2
5.5
.6
269.2
200.9
68.3
343.4
337.1
6.4
IV
473.5
284.6
277.8
6.3
.5
270.5
199.3
71.3
348.1
341.9
6.2
III
478.2
304.7
298.1
6.1
.5
269.7
200.5
69.3
345.6
338.7
7.0
II
441.9
Receipts
258.9
179.5
79.4
321.6
315.3
6.3
1984
1983
1983
Personal tax and nontax
receipts
Income taxes
Nontaxes
Other . . . .
Corporate profits tax accru-
295.2
288.8
5.9
.5
less
Surplus or deficit
( ) NIPA's
Billions of dollars
Seasonally adjusted at annual rates
306.2
298.3
7.6
.3
764.9
Purchases of goods and
services
National defense
Nondefense
Transfer payments
To persons
To foreigners
Grants-in-aid to State and
local governments
,
Net interest paid
Interest paid
To persons and business
To foreigners
Less: Interest received
Billions of dollars
Seasonally adjusted at annual rates
1983
641.1
Table 3.3.—State and Local Government Receipts and Expenditures
.2
Less: Interest received
-7.7
-7.3
-28.4
-32.2
-22.8
-8.7
-25.6
150.2 -135.1 -155.3 -157.7 -152.5 -156.0 -173.3
Social insurance funds
Other .. .
Table 3.7B-3.8B.—Government Purchases of Goods and Services by Type in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
1983
1983
II
Government purchases of goods and services
Federal
National defense
Durable goods ..
Nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Structures
Nondefense
Durable goods
Nondurable goods
Commodity Credit Corporation: Inventory change
Other nondurables
Services
Compensation of employees .
Other services
Structures
State and local
Durable goods .
Nondurable goods
Services
Compensation of employees
Other services
Structures
1982
1984
III
IV
I
II
III r
1984
1983
1983
II
III
IV
I
II'
III'
650.5
685.5
682.2
689.8
691.4
704.4
743.7
761.0
292.7
291.9
292.4
292.0
288.8
289.5
302.1
306.1
258.9
179.5
49.4
13.3
112.9
68.4
40.9
27.5
44.5
3.9
269.7
200.5
59.1
12.4
124.4
73.1
43.6
29.5
51.3
4.6
270.5
199.3
60.0
12.2
122.6
72.7
43.3
29.4
49.9
4.4
269.2
200.9
57.9
12.6
125.6
73.3
43.8
29.5
52.3
4.8
266.3
207.2
62.9
11.7
127.6
74.4
44.6
29.8
53.2
4.9
267.6
213.4
66.5
11.6
130.9
77.5
46.5
31.0
53.4
4.4
296.4
220.8
70.7
11.9
133.7
77.8
46.7
31.1
55.9
4.5
302.0
220.3
66.3
11.8
136.8
78.1
46.8
31.2
58.7
5.4
117.0
79.1
21.6
2.8
53.0
33.9
19.9
14.0
19.0
1.8
116.2
84.7
24.2
2.9
55.5
34.6
20.2
14.3
21.0
2.0
117.2
84.8
25.1
2.8
55.0
34.5
20.2
14.3
20.5
2.0
115.6
84.4
23.4
3.0
55.9
34.6
20.3
14.3
21.3
2.1
113.0
86.3
25.0
2.9
56.3
34.8
20.4
14.4
21.5
2.2
112.2
87.1
26.1
2.7
56.3*
35.0
20.5
14.4
21.3
1.9
123.2
89.6
27.7
•2.8
57.1
35.0
20.6
14.5
22.1
1.9
125.0
89.1
25.8
2.9
58.2
35.0
20.6
14.5
23.1
2.3
79.4
3.2
14.3
9.2
5.1
55.4
32.8
22.6
6.7
69.3
3.5
2
-5.9
5.7
59.3
34.7
24.6
6.6
71.3
3.5
2.8
-3.0
5.8
58.4
34.6
23.8
6.6
68.3
3.3
-1.3
-7.8
6.5
59.2
34.7
24.4
7.1
59.1
3.8
-12.1
-17.0
4.9
61.1
35.1
26.0
6.3
54.2
3.5
-18.0
-22.9
4.9
62.4
36.4
26.0
6.3
75.6
3.6
3.7
-1.9
5.5
61.4
36.5
24.8
7.0
81.7
3.7
8.3
3.0
5.3
62.9
36.6
26.3
6.8
37.9
1.5
6.6
4.9
1.7
26.9
16.6
10.3
2.9
31.5
1.6
-.6
-2.4
1.8
27.6
16.8
10.8
2.8
32.3
1.6
.6
-1.3
2.0
27.3
16.8
10.5
2.8
31.2
1.5
-.8
-2.7
1.9
27.4
16.8
10.6
3.0
26.7
1.7
-5.9
-7.5
1.6
28.1
16.9
11.3
2.7
25.2
1.6
-7.1
-9.0
1.9
28.0
16.9
11.2
2.7
33.6
1.6
1.6
2
1.7
27.5
16.9
10.6
2.9
36.0
1.7
3.5
1.7
1.8
28.0
16.9
11.1
2.8
391.5
12.7
31.9
306.0
223.7
82.2
41.0
415.8
13.4
33.1
329.0
241.4
87.6
40.3
411.6
13.3
32.8
325.8
239.1
86.7
39.8
420.6
13.4
33.5
331.4
243.6
87.8
42.3
425.1
13.6
34.2
338.2
248.2
90.0
39.0
436.8
13.9
35.5
346.1
253.6
92.5
41.4
447.4
14.0
36.3
352.9
258.3
94.6
44.2
458.9
14.3
36.9
360.6
263.0
97.6
47.2
175.7
6.0
12.0
140.1
106.0
34.1
17.7
175.7
6.1
12.6
139.7
105.7
34.0
17.3
175.2
6.1
12.5
139.5
105.6
33.9
17.1
176.4
6.1
12.7
139.5
105.6
33.9
18.1
175.8
6.2
12.9
140.0
105.8
34.3
16.7
177.3
6.2
13.2
140.4
105.8
34.6
17.5
178.9
6.3
13.4
140.8
105.9
34.9
18.4
181.1
6.3
13.7
141.5
106.2
35.4
19.5
SURVEY OF CURRENT BUSINESS
December 1984
17
Table 4.1-4.2.—Foreign Transactions in the National Income and Product Accounts in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
1983
1983
1984
II
III
IV
I
1982
II
III r
1984
1983
1983
II
HI
IV
I
II
III r
Receipts from foreigners
348.4
336.2
328.1
342.0
346.1
358.9
362.4
368.6
Exports of goods and services .
Merchandise
Durable goods
Nondurable goods
348.4
209.2
119.5
89.7
336.2
198.6
114.0
84.6
328.1
193.4
111.7
81.6
342.0
200.4
114.7
85.7
346.1
206.1
117.6
88.5
358.9
215.2
123.8
91.4
362.4
217.7
125.6
92.1
368.6
219.8
128.1
91.8
147.6
81.4
44.4
37.0
139.5
76.7
41:7
35.0
137.0
75.3
41.1
34.2
141.6
77.1
42.0
35.2
141.0
77.9
42.7
35.2
144.9
80.7
44.5
36.2
144.7
80.6
44.9
35.7
147.4
82.1
45.6
36.5
139.2
86.5
52.7
137.6
84.1
53.5
134.7
81.1
53.6
141.5
89.1
52.5
140.0
88.1
51.9
143.7
90.4
53.3
144.7
91.3
53.4
148.8
96.1
52.7
66.3
42.1
24.2
62.8
39.3
23.5
61.7
38.0
23.7
64.4
41.5
23.0
63.2
40.6
22.6
64.2
41.1
23.1
64.1
41.2
22.9
65.3
42.9
22.4
Services
Factor income 1
Other
Capital grants received by the United States (net)
Payments to foreigners
Imports of goods and services
Merchandise
Durable goods
Nondurable goods.
Services
Factor income 1
Other
Transfer payments (net)
From persons (net)
From government (net)
..
Interest paid by government to foreigners
Net foreign investment
0
0
0
0
0
0
0
0
348.4
336.2
328.1
342.0
346.1
358.9
362.4
368.6
329.4
244.6
122.8
121.8
344.4
258.9
139.1
119.9
334.5
251.6
135.3
116.3
358.4
269.5
140.4
129.1
375.9
282.9
155.8
127.0
410.4
316.6
181.6
135.0
421.1
317.4
179.7
137.7
459.3
350.7
204.8
145.9
118.0
79.7
52.1
27.6
126.9
89.1
58.9
30.2
123.4
86.7
57.0
29.6
129.7
90.3
59.5
30.8
139.1
98.1
66.1
32.0
153.2
112.2
77.1
35.1
156.2
110.6
76.1
34.5
174.4
126.9
88.6
38.3
84.8
38.6
46.2
85.5
35.8
49.7
83.0
33.7
49.2
88.9
37.6
51.2
93.1
40.5
52.6
93.8
42.8
51.0
103.7
49.2
54.5
108.6
51.6
57.0
38.3
18.8
19.5
37.8
16.7
21.1
36.8
15.8
21.0
39.4
17.5
21,9
41.0
18.6
22.4
41.0
19.5
21.5
45.6
22.2
23.4
47.5
23.0
24.5
7.5
1.2
6.3
8.0
1.0
7.0
7.1
1.0
6.2
7.5
1.1
6.4
11.3
1.2
10.1
7.7
1.2
6.6
7.4
1.0
6.4
8.8
1.1
7.7
18.1
17.7
-6.6
-33.9
17.3
-30.9
17.7
-41.5
18.1
-59.1
18.4
-77.7
18.9
-85.0
20.0
-119.4
Tables 4-1-4-3:
1. Equals rest-of-the-world production as shown in tables 1.5-1.6.
Table 4.3-4.4.—Merchandise Exports and Imports by Type of Product and by End-Use Category in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
1984
1983
1983
II
III
IV
II
I
1982
III r
1984
1983
1983
II
III
IV
I
II
III r
82.1
Merchandise exports
209.2
198.6
193.4
200.4
206.1
215.2
217.7
219.8
81.4
76.7
75.3
77.1
77.9
80.7
80.6
Foods, feeds, and beverages
31.6
31.1
29.6
31.1
32.9
34.5
30.5
29.5
14.5
13.7
13.5
13.5
13.5
14.2
12.5
12.8
Industrial supplies and materials
Durable goods
Nondurable goods
61.6
16.9
44.7
56.3
16.1
40.2
55.6
16.0
39.6
57.4
16.7
40.8
57.7
16.6
41.1
58.4
16.7
41.7
60.1
16.6
43.5
62.8
17.2
45.6
21.7
5.9
15.7
20.4
5.8
14.6
20.3
5,8
14.4
20.9
6.1
14.8
20.6
5.9
14.7
20.7
5.9
14.7
20.8
5.7
15.1
22.0
6.0
16.0
27.3
Capital goods, except autos
73.7
68.3
67.7
67.4
68.7
71.3
72.5
73.5
28.4
25.9
25.7
25.5
25.9
26.7
27.0
Autos
17.4
18.3
17.6
18.8
20.2
22.5
21.1
23.4
5.5
5.6
5.4
5.7
6.1
6.7
6.2
6.9
Consumer goods
Durable goods
Nondurable goods
14.7
6.5
8.2
13.9
5.9
8.0
13.6
5.8
7.8
14.2
6.1
8.1
14.1
5.8
8.3
13.9
6.0 .7.9
13.5
5.5
8.0
13.9
5.6
8.3
7.4
2.6
4.8
7.0
2.4
4.6
6.9
2.3
4.5
7.1
2.5
4.6
7.1
2.4
4.7
6.9
2.4
4.5
6.7
2.2
4.5
6.9
2.3
4.6
Other
Durable goods
Nondurable goods
10.2
5.1
5.1
10.6
5.3
5.3
9.2
4.6
4.6
11.4
5.7
5.7
12.4
6.2
6.2
14.7
7.4
7.4
20.0
10.0
10.0
16.7
8.3
8.3
4.0
2.0
2.0
4.1
2.0
2.0
3.6
1.8
1.8
4.4
2.2
2.2
4.7
2.3
2.3
5.5
2.8
2.8
7.4
3.7
3.7
6.2
3.1
3.1
Merchandise imports
244.6
258.9
251.6
269.5
282.9
316.6
317.4
350.7
79.7
89.1
86.7
90.3
98.1
112.2
110.6
126.9
Foods, feeds, and beverages
17.1
18.2
18.1
18.4
18.4
20.9
20.3
22.9
7.1
7.6
7.6
7.7
7.7
8.7
8.2
9.3
51.1
26.6
24.5
52.3
28.3
24.0
18.9
9.7
9.2
18.8
9.8
9.0
19.2
10.4
8.8
20.3
10.5
9.9
23.4
12.7
10.6
22.6
12.0
10.7
25.2
13.2
12.0
Industrial supplies and materials, excluding petroleum
Durable goods
Nondurable goods.
46.9
23.6
23.4
51.2
26.4
24.8
54.0
27.8
26.2
63.0
34.4
28.6
61.4
32.5
28.9
67.2
35.2
32.0
16.4
8.2
8.2
Petroleum and products
61.3
53.8
51.3
63.7
57.1
55.4
59.6
57.9
5.1
4.9
4.8
5.9
5.3
5.1
5.5
5.4
Capital goods, except autos
38.3
41.0
39.0
41.8
45.9
57.5
56.3
69.3
18.9
20.4
19.3
20.9
22.9
28.7
28.3
35.4
Autos
34.1
42.0
40.8
41.2
49.0
53.3
55.2
59.2
11.4
13.7
13.4
13.5
15.6
17.0
17.5
18.7
Consumer goods
Durable goods
Nondurable goods
39.7
23.3
16.4
45.3
25.9
19.4
44.2
25.3
18.9
44.4
25.3
19.2
49.9
28.9
21.0
58.7
32.5
26.2
57.0
31.9
25.0
64.6
36.3
28.3
17.9
12.1
5.8
20.5
13.6
6.9
19.9
13.1
6.8
20.0
13.2
6.9
22.7
15.3
7.4
26.2
17.0
9.1
25.3
16.8
8.6
28.9
19.3
9.6
7.2
3.6
3.6
7.4
3.7
3.7
7.1
3.5
3.5
7.6
3.8
3.8
8.5
4.3
4.3
7.7
3.9
3.9
7.6
3.8
3.8
9.5
4.7
4.7
2.9
1.5
1.5
3.0
1.5
1.5
2.9
1.4
1.4
3.1
1.6
1.6
3.5
1.7
1.7
3.2
1.6
1.6
3.1
1.6
1.6
3.9
2.0
2.0
37.2
172.0
183.3
36.6
161.9
205.1
34.8
158.5
200.3
37.2
163.2
205.8
39.2
166.9
225.7
41.1
174.1
261.2
37.0
180.7
257.8
36.0
183.8
292.8
17.1
64.3
74.6
16.1
60.5
84.2
15.8
59.5
81.9
16.2
61.0
84.4
16.2
61.7
92.8
16.9
63.8
107.1
15.0
65.6
105.1
15.2
66.8
121.5
Other
Durable goods
Nondurable goods .
Addenda:
Exports:
Agricultural products
Nonagricultural products
Imports of nonpetroleum products
464-378 O - 85 - S-3
18
SURVEY OF CURRENT BUSINESS
Table 5.1.—Gross Saving and Investment
December 1984
Table 5.10-5.11.—Inventories and Final Sales of Business in Current
and Constant Dollars
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
1982
1983
1983
Gross saving
Gross private saving
Personal saving
Undistributed corporate
profits with IVA and
CCAdj
Undistributed profits
IVA
CCAdj
Capital consumption allowances with CCAdj:
Corporate
Noncorporate
Wage accruals less disbursements
Government surplus or
deficit (-),NIPA's
Federal
State and local
Capital grants received by
the United States (net)
II
I
IV
III
II
Seasonally adjusted quarterly totals
1984
408.8
437.2
414.7
455.2
485.7
543.9
551.0
556.4
524.0
136.0
571.7
118.1
538.1
96.7
588.6
119.0
615.0
128.7
651.3
152.5
660.2
144.8
689.4
164.1
29.2
35.6
-9.5
3.1
76.5
54.5
-11.2
33.2
70.2
51.7
-12.1
30.6
86.9
69.3
-19.3
36.9
100.0
65.6
-9.2
43.6
107.0
72.9
135
47.6
115.3
70.2
-7.3
52.3
118.4
60.3
-.2
58.3
221.8
137.1
231.2
145.9
228.2
143.0
233.4
149.4
236.4
150.0
239.9
151.8
244.1
156.0
248.1
158.8
0
0
0
0
0
0
0
0
-115.3 -134.5 -123.4 -133.5 -129.3 -107.4 -109.2 -133.0
-148.2 1786 -167.3 -180.9 -180.5 -161.3 -163.7 180.6
47.6
54.5
53.9
51.2
47.4
44.1
43.9
32.9
0
0
0
Gross investment
408.3
437.7
418.7
450.3
480.9
546.1
Gross private domestic investment
Net foreign investment
414.9
-6.6
471.6
-33.9
449.6
-30.9
491.9
-41.5
540.0
-59.1
623.8
-77.7
Statistical discrepancy
-.5
.5
4.1
-4.8
-4.8
2.2
542.0
543.4
627.0 662.8
-85.0 -119.4
13.0
-9.0
1984
1983
III'
II
III r
845.2
85.3
759.9
430.4
329.5
856.4
85.0
771.4
435.1
336.3
870.7
84.2
786.5
445.2
341.3
339.5
218.1
121.4
348.3
223.1
125.2
356.6
228.9
127.7
364.4
234.6
129.8
161.5
100.9
60.6
133.1
85.8
47.3
28.4
15.0
13.4
163.6
102.9
60.8
135.6
87.7
48.0
28.0
15.2
12.8
167.6
105.7
61.9
138.7
90.1
48.6
28.9
15.6
13.3
171.0
107.8
63.2
141.4
91.9
49.5
29.6
15.9
13.7
175.6
111.9
63.7
145.9
95.6
50.3
29.7
16.3
13.5
144.6
64.5
80.2
83.6
147.2
65.9
81.3
84.8
151.0
68.8
82.3
83.6
159.2
73.0
86.3
84.8
159.7
71.9
87.7
84.1
160.8
72.0
88.8
85.7
231.4
138.3
235.9
141.4
241.2
144.8
245.3
147.2
254.7
154.3
256.4
153.3
3.46
3.12
3.43
3.11
3.39
3.06
3.45
3.10
3.36
3.03
3.40
3.07
5.22
5.18
5.09
5.16
5.00
5.13
III
IV
800.1
78.0
722.1
406.8
315.3
809.3
76.5
732.8
413.1
319.7
818.4
80.6
737.8
418.1
319.7
Manufacturing
Durable goods
Nondurable goods
336.3
216.9
119.4
339.3
217.1
122.2
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
157.6
99.0
58.6
129.7
84.0
45.7
27.9
15.0
12.9
Retail trade
Durable goods
..
Nondurable goods
Other
II
Inventories1
Farm
Nonfarm
Durable goods
Nondurable goods
,
Final sales2
Final sales of goods and structures
,
Ratio* Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods
and structures
I
Billions of 1972 dollars
Table 5.8-5.9.—Change in Business Inventories by Industry in Current
and Constant Dollars
Billions of dollars
Seasonally adjusted at annual rates
1982
1983
m
IV
I
-4.3
12.7
73.8
50.6
71.8
13.2
159 -1.4
-2.1 -10.4 -14.0
-24.0 -3.1 -5.4
1L6 14.1 60.6
7.8 33.0 24.4 75.7
9.2
135
-10.5 -12.3 -13.2 -21.4 -10.4 -15.1
3.5
47.0
55.5
-8.4
8.1
63.7
64.1
3
35.5
23.3
12.1
14.2
7.0
7.2
10.7
5.6
5.2
3.4
1.4
2.0
2.5
-3.8
6.3
51
-8.2
3.1
32.4
24.4
8.1
21.2
16.4
4.8
20.0
14.7
5.3
1.2
1.7
-.5
5.8
1.3
4.6
4.3
4
4.6
Change in business inventories
-26.1
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods...
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
II
r
III
II
Farm
Nonfarm .
Change
in book value
IVA1
1984
1983
209
-15.0
-5.9
39
-3.0
-1.0
-1.6
17
.1
-2.3
-1.3
-1.1
-2.3
-3.2
.8
3.2
3.1
.1
-13.5 -19.4
-9.4
-7.3
-2.2
24
-2.1
-.3
-1.2
18
.7
-1.2
-.3
9
7.6
4.7
2.9
1.1
2.5
-1.4
4 6 -3.3
-3.4 -6.1
2.8
-1.2
6.0
-7.7
74
5.2
.8
-.4
5.3
-8.1
5.5
72
g
-.2
.7
.4
-.1 -.3
.5
1.0
5.6
5.9
2.1
3.7
2.0
3.8
1.0
3.2
9.7
3.2
-2.2 -6.5
-1.5
1.8
-3.3
7.9
6.6
1.3
9.1
6.1
3.0
-1.2
.5
16
12.7
10.4
2.3
51
-4.3
-.7
22.6
14.1
8.5
10.4
8.1
2.3
7.5
7.0
.5
2.8
1.1
1.7
25.1
12.7
12.4
2.5
0
2.5
Billions of 1972 dollars
Change in business inventories
-10.4
Farm
Nonfarm
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods .
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods..
-3.6
-6.1
.9
7.2
31.6
20.3
30.6
-1.2
-9.2
-4.2
.6
58
-.3
66
7.4
.2
7.0
5.4
26.2
1.6
18.7
4.1
26.5
-8.7
65
-2.2
-1.0
-1.2
.2
-.2
-.6
.4
g
-.6
-.2
-1.2
-1.5
.3
1.6
1.4
.3
-3.5
-2.9
-.6
5
-.8
.3
-.2
_ fj
-1.5
12
-.2
-2.8
-3.1
.3
-2.9
-3.0
'A
.1
3
.1
-.1 -.1
-.2
.1
3.4
2.7
2.1
.9
1.3
1.8
1.2
1.3
1.1
1.4
.1
-.1
-1.1
25
1.4
3.1
2.3
.8
3.0
2.4
.6
.1
-.1
.2
2.7
1.6
1.0
2.8
4.1
-1.3
.1
1.1
-1.0
3.4
2.8
.6
3.4
2.6
.8
-.1
.2
-.3
5.4
4.6
.8
18
-1.8
0
9.1
5.8
3.3
4.8
3.5
1.2
3.9
3.1
.8
.9
.5
.4
11.4
5.4
6.1
.9
13.8
9.7
4.2
5.3
3.1
2.2
4.1
2.5
1.7
1.2
.6
.6
1.7
-1.3
3.0
-2.1
-3.4
1.3
13.0
10.3
2.7
9.5
7.2
2.3
8.8
6.5
2.3
.7
.7
0
2.5
.5
2.0
1.5
-.1
1.7
.9
Inventories l
334.4
334.6
336.5
344.3
349.4
357.1
Farm
Nonfarm
Durable goods
Nondurable goods
40.5
293.9
173.2
120.7
38.8
295.8
174.6
121.2
38.9
297.6
176.3
121.3
40.2
304.1
180.0
124.1
40.6
308.8
182.0
126.8
41.7
315.4
186.4
129.0
Manufacturing
Durable goods
Nondurable goods
136.2
91.8
44.4
135.9
91.2
44.8
135.9
91.4
44.5
138.2
92.9
45.3
141.6
95.3
46.4
144.9
97.9
47.0
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
63.8
41.1
22.7
53.6
34.7
18.9
10.2
6.4
3.8
64.6
41.7
22.9
54.4
35.3
19.1
10.2
6.4
3.8
65.4
42.4
23.0
55.2
36.0
19.3
10.2
6.4
3.8
66.6
43.3
23.3
56.2
36.7
19.5
10.4
6.5
3.9
67.9
44.0
23.9
57.2
37.3
19.9
10.7
6.7
4.0
70.3
45.8
24.5
59.4
39.0
20.5
10.9
6.9
4.0
Retail trade
Durable goods
Nondurable goods .
Other
65.8
29.1
36.8
28.1
66.5
29.5
37.0
28.8
67.9
30.6
37.2
28.3
70.7
32.0
38.8
28.6
71.1
31.6
39.5
28.1
71.8
31.8
40.0
28.4
108.7
67.4
110.1
68.7
111.5
69.7
112.7
70.7
116.2
73.8
115.7
73.0
3.08
2.70
3.04
2.69
3.02
2.67
3.06
2.70
3.01
2.66
3.09
2.73
4.36
4.31
4.27
4.30
4.18
4.32
Final sales 2
Final sales of goods and structures
Ratio: Inventories to final sales
... .
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods
and structures
Table 5.10-5.11:
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories
calculated from current-dollar inventories in this table is not the current-dollar change in business inventories (CBI) component of GNP. The former is the difference between two inventory
stocks, each valued at their respective end-of-quarter prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition, changes calculated
from this table are at quarter rates, whereas CBI is stated at annual rates. Quarter-to-quarter
changes calculated from the constant-dollar inventories shown in this table are at quarterly
rates, whereas the constant-dollar change in business inventories component of GNP is stated at
annual rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product of
households and institutions, government, and rest-of-the-world and includes a small amount of
final sales by farms.
Table 5.8-5.9:
1. The IVA shown in this table differs from that which adjusts business income. The IVA in
this table reflects the mix of methods (first-in-first-out, last-in-first-out, etc.) underlying book
value inventories derived primarily from Census Bureau Statistics. The mix differs from that underlying business income derived primarily from Internal Revenue Service statistics.
SURVEY OF CURRENT BUSINESS
December 1984
Table 6.4.—National Income Without Capital Consumption Adjustment
by Industry
19
Table 7.1.—Implicit Price Deflators for Gross National Product
Index numbers, 1972=100
Billions of dollars
Seasonally adjusted
Seasonally adjusted at annual rates
1982
1983
1983
III
II
1982
1984
IV
I
II
Domestic industries
2,486.9 2,651.9 2,615.5 2,686.7 2,760.3 2,861.8 2,929.6 2,963.6
2,439.0 2,630.6 2,568.1 2,635.3 2,712.6 2,814.2 2,887.5 2,919.0
Private industries .
2,074.9 2,212.0 2,179.8 2,240.4 2,311.7 2,402.7 2,470.2 2,496.1
Agriculture,
forestry,
and fisheries
Mining
Construction
69.6
46.5
107.8
60.9
40.0
112.3
57.1
38.6
110.3
58.2
39.6
114.2
64.1
40.8
115.5
79.9
42.4
122.0
70.9
46.2
127.2
75.6
46.7
128.3
Manufacturing
Durable goods
Nondurable goods
549.6
311.4
238.3
579.9
329.5
250.4
565.8
319.9
245.8
594.3
336.1
258.2
619.8
356.7
263.2
646.7
378.4
268.3
660.4
383.8
276.6
653.3
388.1
265.1
Transportation and
public utilities
Transportation
Communication
Electric, gas, and
sanitary services
200.3
83.3
59.3
212.0
87.7
60.1
211.9
86.4
62.1
212.9
90.6
56.6
219.2
90.7
60.8
226.3
95.0
62.8
234.1
99.1
65.0
238.0
101.3
65.7
57.7
64.3
63.4
65.8
67.6
68.5
70.0
71.0
Wholesale trade
Retail trade .
Finance, insurance, and
real estate
Services
153.0
206.0
161.2
225.2
159.9
222.2
164.1
228.3
170.8
233.7
177.3
236.2
184.4
246.6
190.8
245.1
355.1
387.0
394.0
426.6
392.6
421.6
398.1
430.6
404.8
443.0
415.6
456.3
432.4
468.0
441.5
476.9
Government and government enterprises
364.1
391.7
388.3
394.9
400.9
411.6
417.3
422.9
48.0
48.3
47.4
51.5
47.7
47.6
42.1
44.5
Rest of the world
206.0
174.5
208.7
213.6
213.6 212.8 214.8 216.0 218.0 219.2 221.5
177.7 176.8 178.0 179.3 179.0 179.5 179.2
213.0 212.6 214.5 214.8 217.4 216.4 217.8
226.0 224.9 227.3 229.7 232.6 236.0 239.7
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment ..
Residential.
Nonfarm structures
Farm structures
Producers' durable equipment ..
215.4
209.5
266.4
182.8
241.3
245.1
249.3
168.6
216.0
206.4
263.7
183.3
246.4
249.4
247.3
172.6
214.4
205.2
261.3
182.2
243.0
245.9
245.4
171.7
216.0
205.1
261.4
183.2
248.7
251.7
245.7
172.7
216.6
206.3
262.6
184.4
249.4
252.3
258.5
174.1
218.6 219.2
207.4 208.0
264.1 265.2
185.4 186.5
255.9 258.6
259.2 262.1
261.7 261.1
173.6 172.3
Net exports of goods and
services
Exports
Imports
236.0 241.0
279.3 271.5
239.4
271.0
241.5 245.4 247.7
276.3 270.3 267.9
250.4 250.1
269.6 263.3
Government purchases of
goods and services
Federal
National defense
....
Nondefense
State and local
222.2
221.4
227.0
209.8
222.8
234.9
232.1
236.6
220.0
236.7
233.3
230.8
234.8
220.3
234.9
236.2 239.4 243.3 246.2
232.8 235.6 238.5 240.6
237.9 240.0 245.1 246.4
219.1 221.4 215.5 225.1
238.4 241.8 246.4 250.0
Corporate
profits
with
IVA
and
CCAdj
I
II
III'
Gross national product
159.1
225.2
216.7
245.0
260.0
277.4
291.1
282.8
136.7
18.7
118.1
22.4
200.4
29.4
171.0
24.8
193.0
31.8
161.2
23.7
217.5
29.5
188.0
27.5
234.4
28.6
205.8
25.6
251.7
28.7
223.0
25.7
269.8
29.1
240.8
21.3
258.5
26.9
231.6
24.3
156.0
192.0
186.1
208.1
216.3
229.8
238.7
224.5
133.6
167.2
162.4
180.6
190.8
204.1
217.5
200.2
Financial
Federal Reserve banks....
Other
19.6
15.4
4.2
29.6
14.8
14.8
32.0
14.5
17.5
29.5
14.9
14.6
28.5
15.5
13.1
28.7
16.0
12.7
28.9
16.4
12.5
26.6
17.1
9.5
Nonfinancial
Manufacturing
Durable goods
Primary metal in-
114.0
54.5
2.6
137.6
65.2
11.9
130.4
59.3
8.7
151.1
73.8
14.3
162.3
82.9
22.7
175.4
89.8
30.3
188.6
92.3
27.6
173.6
78.3
26.4
-5.0
-2.3
-2.6
23
14
.1
.6
.3
Domestic industries
Financial
Nonfinancial
Rest of the world
Corporate
with IVA
profits
Domestic industries
Fabricated
metal
products
Machinery, except
electrical
Electric and electronic equipment ..
Motor vehicles and
equipment
Other
Nondurable goods
Food and kindred
products
Chemicals
and
allied products
Petroleum and coal
products
Other
Transportation and
public utilities
Wholesale and retail
trade
Other
Rest of the world
248.6
241.5
247.4
227.1
253.5
Seasonally adjusted
1982
1984
IV
217.7
2081
265.9
185.8
248.3
251.2
248.0
174.7
Index numbers, 1972=100
1983
III
III r
207.38 215.34 214.25 215.89 218.21 220.58 222.40 224.57
Billions of dollars
II
II
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Seasonally adjusted at annual rates
1983
I
Table 7.2.—Fixed-Weighted Price Indexes for Gross National Product,
1972 Weights
Table 6.20.—Corporate Profits by Industry
1982
IV
III
III r
II
Gross national product
National
income
without CCAdj
1984
1983
1983
2.6
3.5
3.2
3.7
5.3
5.2
6.0
5.7
3.5
2.0
2.6
2.0
2.9
4.0
6.2
4.8
1.8
.9
.6
.2
1.9
2.8
1.9
3.1
.8
-1.1
7.4
.4
5.0
.1
10.1
.7
11.7
2.3
14.6
3.6
7.9
5.2
7.6
4.9
51.9
53.4
50.6
59.4
60.2
59.4
64.7
51.9
7.1
6.6
6.6
6.1
7.1
7.7
7.8
6.7
5.5
6.8
6.0
7.8
8.1
9.0
9.5
7.8
27.6
11.8
23.5
16.5
22.0
16.1
28.0
17.5
27.6
17.3
23.6
19.1
27.9
19.5
19.3
18.2
17.6
22.5
22.7
25.0
23.5
27.3
28.3
27.1
25.9
15.9
33.4
16.4
33.0
15.3
35.9
16.5
39.5
16.4
40.6
17.9
47.0
21.0
46.8
21.5
22.4
24.8
23.7
27.5
25.6
25.7
21.3
24.3
II
III
225.5
230.0 232.2
188.8 189.1
228.8 229.6
245.2 249.4
237.1
231.0
250.0
220.0
248.7
237.5
231.7
250.8
220.7
248.4
238.6
232.9
252.3
221.8
249.4
242.2
234.7
255.3
222:8
256.4
244.0
236.1
256.2
224.5
259.0
246.8 249.0
299.4 299.4
252.7
298.7
254.4 257.2
30(K3 302.1
256.3
299.3
234.8
234.8
240.1
221.0
234.7
240.7 245.0 248.2
239.9 244.1 246.4
246.1 25(K2 252.9
224.0 228.5 230.0
241.2 245.5 249,4
250.6
247.3
253.4
231.6
252.8
233.4 235.7
230.5 232.9
237.9
235.2
222.4
185.0
223.2
234.3
221.5 223.6
184.0 185.5
222.7 224.3
233.2 236.1
Gross private domestic
investment.
Fixed investment
Nonresidential
Structures
Producers' durable equipment ..
Residential
Change in business inventories
231.4 234.5 234.5
225.9 230.4 230.0
246.9 249.8 248.1
213.9 219.3 219.6
241.7 242.3 242.9
Addenda:
Gross domestic purchases1
219.1
Final sales....
214.8
Final 1 sales to domestic purchasers
219.2
236.5
236.7
242.3
222.3
236.4
III r
228.2
187.7
228.8
241.5
213.9
180.5
218.9
220.7
225.6
228.7
234.0
215.1
223.6
II
225.5
187.4
225.6
238.5
222.9
Government purchases of
goods and services
Federal .
National defense
Nondefense
State and local
I
232.8 235.1
223.8
243.8 248.0
309.0 299.9
IV
227.6 230.4
214.8
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Net exports of goods and
services .
Exports
Imports.
1984
1983
1983
237.8
237.2
242.5
223.7
238.2
227.2 226.3 228.7 230.6
223.8 223.0 225.5 227.7
227.3 226.4
228.8 230.7
233.5 235.8 238.0
Personal consumption expenditures, food.
217.3 221.8 221.9 221.5 223.9 230.5 229.5 230.9
Personal consumption expenditures, energy
363.4 365.0 364.2 370.3 368.6 366.7 369.1 367.9
Other personal consumption expenditures
199.1 209.4 208.2 210.7 212.8 214.8 217.3 220.1
Gross domestic product
Business
Nonfarm
:
215.3 224.3 223.1 225.7 227.8 230.6 233.0
215.5 223.5 222.5 225.0 226.9 229.3 231.6
215.3 224.6
235.3
233.9
Table 7.1-7.2:
1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
20
December 1984
SURVEY OF CURRENT BUSINESS
Table 7.3.—Implicit Price Deflators for Gross National Product by
Major Type of Product
Table 7.7.—Current-Dollar Cost and Profit Per Unit of Constant-Dollar
Gross Domestic Product of Nonfinancial Corporate Business
Index numbers,. 1972 =100
Dollars
Seasonally adjusted
1982
1983
1983
II
Gross national product.
Final sales
Change in business inventories
III
Seasonally adjusted
1984
IV
I
II
1982 1983
III r
207.38 215.34 214.25 215.89 218.21 220.58 222.40 224.57
220.3 222.1 224.4
207.7
215.7
214.7
216.3 218.4
193.3
196.9
196.2
196.7
199.0 201.1 201.3 202.0
Final sales
Change in business inventories
194.2
197.8
197.2
197.6
199.3
199.7
200.0
200.7
Durable goods
Final sales .. ..
Change in business inventories
Nondurable goods .
Final sales
Change in business inventories
185.4
186.7
187.8
188.3
186.4
187.0
189.1 190.7 191.0
188.4 190.1 188.8
190.9
190.0
192.4
190.1
198.7
199.4
203.7
204.9
203.4
204.8
202.6
204.4
205.7 209.2 209.6
206.5 208.3 208.0
209.7
208.9
Services
213.4
226.7
225.4
228.1 230.7
Structures
252.5
252.0
249.4
251.9
254.1 253.8 257.9
259.7
Addenda:
Gross domestic purchases 1
210.3 217.7
Final 1 sales to domestic purchasers
210.6 218.0
216.6
218.6
220.4
222.6
224.4
226.4
217.0
219.0
220.6
222.4
224.1 226.2
Goods
1983
II
III
1984
I
IV
II
III r
Current-dollar cost and profit per unit
of constant-dollar
gross domestic
product l . . .
2.074 2.139 2.130 2.144 2.163 2.178 2.192 2.213
Capital consumption allowances with CCAdj....
Net domestic product
Indirect business tax and nontax liability
plus business transfer payments less subsidies
Domestic income
Compensation of employees
Corporate profits with
IVA and CCAdj
Profits tax liability
Profits after tax with IVA and CCAdj ....
Net interest
.245 .243 .243 .241 .239 .236 .234 .238
1.829 1.896 1.887 1.903 1.924 1.942 1.958 1.976
.210 .219 222 .220 .219 .217 .218 .221
1.619 1.677 1.665 1.684 1.706 1.726 1.740 1.754
1.397 1.409 1.408 1.400 1.408 1.415 1.414 1.434
.138
.052
.086
.084
.206 .221 .233 .246
.073 .072 .078 .079
.133 .149 .155 .167
.077 .077 .078 .081
.191 .182
.065 .064
.126 .118
.077 .076
.236
.066
.171
.084
234.3 237.8 241.3
Table 7.8.—Implicit Price Deflators for Auto Output
Index numbers, 1972 = 100
Seasonally adjusted
1982 1983
Table 7.4.—Implicit Price Deflators for Gross National Product by
Sector
II
Gross domestic product ..
Business
Nonfarm
Nonfarm less housing
Housing
Farm..
Statistical discrepancy
207.38 215.34 214.25 215.89 218.21 220.58 222.40 224.57
207.4
2066
207.0
208.9
192.4
1928
206.6
215.4
2134
214.2
215.3
205.4
182.0
213.4
214.3
2124
213.2
214.4
203.8
179.7
212.4
215.9
2138
214.8
215.8
206.8
177.3
213.8
218.2
2160
216.8
217.7
209.6
181.3
216.0
220.6
218.0
218.4
219.2
212.0
201.5
218.0
222.4
219.7
220.1
220.7
215.3
205.6
219.7
224.6
221.8
222.5
222.9
219.1
199.6
221.8
Households and institutions
Private households
Nonprofit institutions
229.9 246.4 244.8
233 1 2339 2342
229.6 247.3 245.6
Government
Federal
State and local
207.6 222.4 220.8 224.0 227.1 233.1 236.1 238.9
2002 2099 2093 210.2 211.8 219.6 220.3 220.7
211 1 2285 2263 2307 2346 239.6 243.9 247.8
Rest of the world
205.6
214.2
213.2
248.0 251.7 254.5 257.3 259.4
234.2 234.7 236.0 236.1 236.5
249.0 253.0 255.9 258.9 261.2
214.8 217.2
219.7
I
II
III r
181.5 181.9
172.4 178.4 177.6 178.9 180.5 181.7 181.5 181.7
197.9 203.6 200.9 204.1 207.1 208.8 210.5 212.9
177.8 182.4 181.1 181,9 185.2 185.9 186.0 186.8
Final sales .
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases
Change in business inventories
130.9 139.6 139.3 141.0 141.3 147.3 145.1 148.8
178.0 182.7 181.3 182.2 185.4 186.7 186.8 187.9
174.5 183.4 181.9 185.2 186.4 192.1 190.0 190.9
238.5 241.8 239.0 244.3 243.5 246.6 249.8 250.8
155.7 157.1 155.4 158.4 160.3 148.0 126.2 131.6
Addenda:
Domestic output of new autos l
Sales of imported new autos 2
177.5 182.6 181.0 182.3 185.3 186.9
177.9 182.5 181.1 182.0 185.3 185.5
186.6 187.7
185.7 186.6
Table 7.9.—Implicit Price Deflators for Truck Output
Truck output 1 .
Table 7.5.—Implicit Price Deflators for the Relation of Gross National
Product, Net National Product, and National Income
207.38 215.34 214.25 215.89 218.21 220.58 222.40 224.57
Less: Capital consumption allow221.7
ances with CCAdj
224.4
222.7
225.0
226.4
227.5 229.8 231.1
Equals: Net national product
205.6
214.2
213.2
214.8
217.2
219.7
221.5 223.8
Less:
Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus
current surplus of government
1807
enterprises
1847
1872
1864
1819
181.0
1943
2138
2160 218.0
Statistical discrepancy
2066
2134
2124
Equals: National income
208.7
217.9
216.5 218.3 221.6
219.7
198.5
221.8
224.5 224.8 226.8
Table 7.3:
1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
Table 7.7:
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the
decimal point shifted two places to the left.
Table 7.8:
1. Consists of final sales and change in business inventories of new autos produced in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
Table 7.9:
1. Includes new trucks only.
IV
221.5 223.8
Addendum:
Gross domestic business product
less housing
2077
Gross national product
III
172.5 177.8 175.3 179.2 180.8 183.7
Auto output
Gross national product
1984
1983
213.4 217.1 214.3 217.8 218.5 224.7 227.4 232.1
213.8 217.1 214.7 216.9 218.3 223.3 227.6 230.7
1778 1826 181.1 182.0 185.3 186.5 186.7 187.4
234.8 242.9 242.9 243.0 ?4?,?, 248.0 2528 2561
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
Change in business inventories
2347 243.1 243.0 243.4 242.3 248.0 2528 256.0
2091 215.6 216.0 213.4 216.5 221.4 221.8 217.7
234.8 243.0 242.9 243.0 242 2 248.0 252,8 256,1
Table 7.11.—Implicit Price Deflators for Personal Consumption
Expenditures by Major Type of Product
Personal consumption expenditures
206.0 213.6 212.8 214.8 216.0 218.0 219.2 221.5
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
174.5
190.7
1566
181.1
177.7
194.1
1581
185.8
176.8
192.3
1578
184.5
178.0
194.0
1581
187.3
179.3
196.3
158.5
187.2
179.0
196.3
157.6
188.0
179.5
197.4
157.4
189.0
179.2
198.5
1561
189.7
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
208.7
2154
141.0
3566
2187
565.3
200.0
213.0
220.5
143.6
344.9
2308
531.2
213.6
212.6
220.7
142.8
345.2
2298
523.2
212.6
214.5
220.2
144.8
353.3
2331
531.5
215.1
214.8
222.4
145.0
349.0
2337
531.6
216.0
217.4
228.8
144.4
340.6
2354
550.0
2175
216.4
228.4
143.6
342.5
2356
549.6
2188
217.8
229.3
145.2
334.6
2382
538.1
2222
213.6
1993
225.8
305.7
1753
216.2
2214
226.0
212.1
240.0
326.2
1852
228.9
232.7
224.9
210.6
240.7
328.4
184.6
225.7
231.7
227.3
213.4
241 0
325.0
185.4
232.9
233.7
229.7
216.0
243.8
331.6
187.1
232.1
236.3
232.6
218.4
2481
333.0
194.4
2346
239.3
236.0
221.9
251 1
3367
195.6
2372
242.8
239.7
225.9
257 3
350.9
198.2
2406
245.6
Services
Housing
Household operation
Electricity and gas
Other
Transportation
.
Other
....
.
SURVEY OF CURRENT BUSINESS
December 1984
Table 7.14B.—Implicit Price Deflators for Government Purchases of
Goods and Services by Type
21
Table 7.17.—Implicit Price Deflators for Merchandise Exports and
Imports by Type of Product and by End-Use Category
Index numbers, 1972=100
Index numbers, 1972=100
Seasonally adjusted
Seasonally adjusted
1982
II
Government purchases of
goods and services
Federal
1982
1984
1983
1983
III
IV
I
II
III'
248.6
222.2
234.9
233.3
236.2
239.4
243.3
246.2
221.4
232.1
230.8
232.8
235.6
238.5
240.6
234.8
239.4
431.7
223.0
237.9
247.1
421.9
224.7
240.0
251.8
404.8
226.8
245.1
254.5
421.9
232.6
246.4
255.0
425.3
234.0
247.4
257.5
411.9
235.2
241.5
National defense
Durable goods
Nondurable goods
Services
Compensation of
employees . ..
Military
Civilian
Other services
Structures
227.0
228.6
483.8
213.2
201.6
205.3
196.4
233.8
220.4
211.5
215.4
205.9
244.7
224.7
210.8
214.6
205.4
243.5
223.8
211.8
215.8
206.1
245.6
225.9
213.7
218.2
207.2
248.0
227.0
221.6
226.5
214.6
250.7
229.6
222.2
227.0
215.4
252.6
234.2
222.7
227.6
215.8
254.2
236.5
Nondefense
Durable goods
Nondurable goods
Commodity Credit Corporation inventory change
Other nondurables
Services
Compensation of
employees
Other services
Structures
209.8
209.9
220.0
215.8
220.3
215.3
219.1
215.5
221.4
218.1
215.5
218.9
225.1
222.5
227.1
224.2
State and local
Durable goods
Nondurable goods
Services
Compensation of employees...
Other services
Structures
236.6
243.7
426.7
224.0
297.1
214.2
342.1
215.7
300.5
217.1
263.1
222.6
318.7
223.4
297.3
224.6
206.7
228.1
233.4
206.3
226.9
233.0
207.0
229.4
233.5
208.0
230.7
234.6
215.6
233.3
236.6
216.3
234.7
238.7
216.7
236.8
239.5
236.7
219.1
262.8
235.5
228.5
257.5
233.0
234.9
218.6
262.2
233.5
226.3
255.8
232.4
238.4
219.8
264.3
237.6
230.7
259.0
233.3
241.8
221.2
265.0
241.5
234.6
262.8
234.0
246.4
223.2
269.2
246.5
239.6
267.4
236.8
250.0
224.4
270.1
250.6
243.9
270.8
239.9
253.5
226.1
269.2
254.8
247.8
275.7
242.0
296.6
205.7
309.1
215.1
197.5
218.8
231.9
222.8
212.5
266.6
218.3
2111
240.9
231.9
Table 7.16.—Implicit Price Deflators for Exports and Imports of Goods
and Services
1984
1983
1983
II
III
IV
I
II
III r
Merchandise exports
257.1
258.9
256.9
259.8
264.7
266.7
270.0
267.9
Foods, feeds, and beverages
Industrial supplies and
materials
Durable goods
Nondurable goods
217.9
226.7
220,1
229.7
244.0
242.5
244.8
231.3
284.4
284.4
284.4
276.1
276.2
276.1
274.5
274.5
274.5
274.9
274.9
274.9
280.0
280.0
280.0
282.6
282.7
282.6
288.9
289.0
288.9
285.3
285.2)
285.3y
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
259.7
316.5
200.1
250.9
172.6
257.1
257.2
257.1
263.9
328.1
198.8
250.0
172.5
259.0
259.0
259.0
263.6
325.0
198.4
249.9
172.0
256.9
256.9
256.9
264.3
329.2
200.8
248.8
175.3
259.8
259.8
259.8
265.0
334.0
198.9
245.4
175.4
264.7
264.7
264.7
266.7
336.4
201.2
245.5
177.1
266.8
266.8
266;8
268.4
338.9
201.3
245.3
179.3
270.1
270.1
270.1
269.7
340.2
200.9
241.4
180.6
267.8
267.8
267.8
Merchandise imports
306.9
290.6
290.3
298.5
288.4
282.1
287.0
276.3
Foods, feeds, and beverages
Industrial supplies and
materials, excluding
petroleum
Durable goods
Nondurable goods
Petroleum and products...
Capital goods except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
239.3
237.8
237.2
239.8
240.0
241.6
247.8
247.8
Addenda:
Exports:
Agricultural products
Nonagricultural products
Imports of nonpetroleum
products
286.7 270.9 272.3 273.0 265.4 269.8 271.2 266.2
288.1 271.0 272.4 273.3 265.4 270.1 271.0 266.1
285.4 270.8 272.2 272.6 265.5 269.3 271.4 266.4
1,206.6 1,093.6 1,071.4 1,081.7 1,081.3 1,078.0 1,083.9 1,068.2
195.7
202.9 200.9 202.4 200.5 200.1 200.4 198.7
315.9
316.1
298.5 306.5 304.6 304.2 313.5 313.3
222.1 221.4 222.0 221.9 219.8 224.3 224.7 223.8
192.1
190.6
190.5
188.3
191.3
192.8
191.8
189.0
285.1
280.4 278.5 279.7 283.3 287.3 291.5 295.2
245.4 243.7 244.6 243.8 243,3 243.8 245.1 240.9
245.5 243.7 244;6 243.8 243.3 243.8 245.1 240.9
245.4 243.7 244;6 243.8 243.3 243.8 245.1 240.9
218.2
267.5
227.0
267.5
221.1
266,4
230.1
267.7
242.5
270.5
243.1
272.9
246.9
275.3
236.2
275.1
245.7
243.7
244.7 ,243.9
243.3
243.9
245.3
241.0
Index numbers, 1972=100
Table 7.21.—Implicit Price Deflators for Inventories and Final Sales of
Business
Seasonally adjusted
1982
II
Exports of goods and services
236.0
241.0
1984
1983
1983
239.4
HI
IV
241.5
245.4
I
247.7
II
250.4
Seasonally adjusted
250.1
Merchandise
Durable goods
Nondurable goods
257.1
269.4
242.4
258.9
273.2
242.0
256.9
272.2
238.6
259.8
273.5
243.5
264.7
275.8
251.2
266.7
278.1
252.6
270.0
279.8
257.8
267.9
280,8
251.7
Services
Factor income .
Other
210.0
205.5
217^8
219.2
214.3
227.3
218.2
213.2
226.1
219.6
214.8
228.4
221.6
217.2
229.6
223.7
219.7
230.9
225.7
221.5
233.1
227.9
223.8
235.7
Imports of goods and services
279.3
271.5
271.0
276.3
270.3
267.9
269.6
263.3
Merchandise
Durable goods
Nondurable goods
306.9
235.9
440.6
290.6
235.9
397.5
290.3
237.3
392.4
298.5
236.0
419.3
288.4
235.8
397.0
282.1
235.6
384.4
287.0
236.1
399.2
276.3
231.0
381.3
Services
Factor income
Other
221.7
205.5
237.3
226.3
214.4
235.7
225.5
213.2
234.8
225.6
214.8
234.2
227.0
217.2
235.1
228.9
219.8
237.1
227.6
221.5
233.3
228.6
223.8
233.1
Index numbers, 1972 = 100
III'
1982
1983
1983
II
1984
III
IV
I
II
III r
Inventories 1
239.3
241.8
243.3
245.5
245.1
243.8
Farm
Nonfarm
Durable goods
Nondurable goods
192.6
245.7
234.9
261.2
196.9
247.7
236.6
263.8
207.3
248.0
237.2
263;6
211.9
249.9
239.2
265^4
209.1
249.8
239.1
265.2
202.0
249.4
238.8
264.6
Manufacturing
Durable goods
Nondurable goods
247.0
236.4
268.9
249.6
238.2
273.0
249.8
238.6
272,9
252.0
240.2
276.2
251.7
240.2
275.4
251.5
239.8
275.9
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods .
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods.
246.9
240.7
258.2
241.8
241.9
241.4
274.3
234.3
342.2
250.0
241.9
264.8
244.8
243.1
247.9
278.0
235.4
34911
250.1
242.6
263.8
245.6
243.8
248.9
274.4
236.1
340.*
251.6
244.2
265.2
246.7
245.3
249.4
277.8
238.2
344.9
251.7
244.7
264.7
247.0
246.0
248.9
276.6
236.9
343.2
249.8
244.1
260.5
245.5
245.5
245.5
273.4
236.3
337.3
Retail trade
Durable goods
Nondurable goods
Other
219.7
221.8
218.0
297.5
221.4
223.6
219.6
294.4
222.6
224.6
220.8
295.0
225.2
228.4
222.5
296.8
224.4
227.4
222.1
299.9
224.1
226.6
222.0
301.2
212.9
214.3
216.2
217.6
219.3
221.5
205.1
205.9
207.7
208.3
209.1
210.1
Final sales2
Final sales of goods and structures
!
Table 7.21:
1. Inventories are as of the end of the quarter.
2. Business final sales equals final sales less gross product of households and institutions, government, and rest of the world.
22
December 1984
SURVEY OF CURRENT BUSINESS
Table 8.1.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price Deflators, and
Price Indexes
Percent at annual rates
Percent
Percent at annual rates
Percent
Seasonally adjusted
1982
Seasonally adjusted
1984
1983
1983
II
III
IV
I
II
1982
III'
Gross national product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
•
Fixed-weighted price index
3.8
21
6.0
6.6
6.4
7.7
3.7
3.8
4.3
4.2
12.3
9.4
2.6
4.3
4.1
10.1
6.8
3.1
4.4
4.7
10.6
5.9
4.4
4.1
3.9
14.9
10.1
4.4
4.9
5.0
10.7
7.1
3.3
4.1
4.3
5.6
1.6
3.9
3.9
4.0
Personal consumption expenditures:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
7.3
1.4
5.9
6.1
5.9
8.6
4.8
3.7
4.1
4.0
14.5
10.0
4.1
4.4
4.5
7.6
3.8
3.7
3.7
3.9
9.2
6.8
2.3
3.6
3.4
8.6
4.6
3.8
4.7
4.9
10.2
7.9
2.2
3.3
3.1
5.0
.7
4.3
3.9
4.0
Durable goods:
Current dollars
1972 dollars
Implicit price deflators
Chain price index
Fixed-weighted price index
4.1
-.3
4.4
4.6
4.9
14.1
12.1
1.8
2.2
2.5
28.4
28.1
.2
1.3
1.8
12.0
9.0
2.8
2.7
3.3
24.0
20.5
2.9
3.9
4.1
15.8
16.3
.5
.2
.6
13.1
12.0
1.1
1.8
2.4
-4.2
-3.6
-.6
.1
.7
Nondurable goods:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
3.7
.6
3.0
3.2
2.9
5.8
3.7
2.1
2.2
2.0
11.7
6.8
4.6
4.8
4.7
7.6
3.9
3.6
2.7
2.8
5.7
5.0
.6
2.3
2.3
9.2
4.1
4.9
5.7
5.8
8.4
10.3
17
.2
-.1
1.5
-1.2
2.7
1.9
1.5
Services:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
11.2
2.5
8.6
8.9
9.0
9.4
3.4
5.8
6.1
6.2
13.3
7.3
5.6
4.9
5.1
6.6
2.1
4.4
4.8
5.1
8.3
3.8
4.3
4.4
4.2
6.2
1.2
5.0
5.3
5.2
10.9
4.6
6.0
6.1
6.2
10.5
3.8
6.4
6.5
7.0
-14.3
158
13.7
13.7
52.0
52.5
43.2
38.4
35.3
37.0
78.0
71.6
2.0
22
24.9
24.9
-3.7
68
3.2
5.3
4.6
10.0
9.7
.3
.5
1.4
20.3
22.8
-2.0
21
-1.9
25.2
21.8
2.8
3.3
4.6
27.5
23.5
3.2
.6
.6
18.4
20.8
-2.0
1.3
2.0
20.6
16.2
3.8
4.5
6.1
-1.2
-4.7
3.6
5.9
.9
2.5
15
1.1
5.7
9.6
35
-1.6
18.5
18.7
2
1.0
28.4
30.6
6.0
.9
16.5
20.6
34
1.1
23.9
21.3
2.2
2.2
5.7
2.0
7
Gross private domestic
investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
,
Nonresidential:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
,
Fixed-weighted
price
index
Structures:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted
price
index
Producers' durable
equipment:
Current dollars
j
,
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted
price
index
II
III r
5.4
-.3
5.7
5.4
4.8
2.0
26
4.7
4.4
3.6
4.5
-.5
5.1
5.3
5.3
.9
-4.3
5.5
5.2
4.9
7.8
1.0
6.7
7.8
7.3
24.3
18.6
4.8
5.2
5.4
9.6
5.4
4.0
4.1
3.9
Federal:
Current dollars.
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
13.1
6.1
6.7
6.8
6.8
4.2
-.6
4.8
4.2
3.5
-3.6
59
2.5
1.9
.2
-2.0
53
3.5
3.8
4.2
-4.3
87
4.8
4.6
4.6
2.0
-2.8
5.0
8.0
7.3
50.5
45.2
3.7
3.7
3.8
7.8
6.2
1.5
1.6
1.4
National Defense:
Current dollars.
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
16.8
7.6
8.6
7.6
6.9
11.7
7.1
4.2
4.3
3.5
9.8
7.6
2.0
2.0
.1
3.3
-1.9
5.3
4.1
4.0
13.2
9.2
3.6
5.6
6.1
12.5
3.4
8.8
6.9
6.9
14.7
12.2
2.2
4.6
4.3
-.8
23
1.5
1.4
.9
Nondefense:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
5.6
128 31 5 15 5 44 i 291 277.9
3.1 -16.9 -32.6 -13.6 -46.3 -21.1 217.5
4.2 -10.2
2.5
19.0
1.6 -2.2
4.9
3.1
5.3
1.8 11.7
1.5
4.1
.6
.5
4.9
6.5
8.3
2.6
.6
3.4
36.5
31.7
3.6
2.3
2.8
State and local:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index.
6.5
-.6
7.1
7.1
6.3
6.2
.0
6.2
6.2
5.7
5.8
-.2
6.1
6.2
5.9
9.0
2.7
6.1
6.2
6.1
4.4
-1.4
5.8
5.6
5.1
11.5
3.5
7.8
7.6
7.3
10.0
3.7
6.0
6.1
6.4
10.7
4.8
5.6
5.7
5.6
Gross domestic purchases:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
4.1
-1.2
5.4
6.1
5.8
8.6
5.0
3.5
3.9
3.7
16.0
12.3
3.3
3.5
3.2
11.4
7.4
3.8
4.0
4.3
12.2
8.7
3.3
3.5
3.3
17.6
12.9
4.1
4.8
4.9
11.4
7.9
3.3
3.8
4.1
9.1
5.4
3.5
3.6
3.8
10.6
9.3
1.2
2.6
3.1
Final sales:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
5.6
-.7
6.3
6.6
6.4
7.2
3.2
3.9
4.3
4.2
8.9
6.4
2.4
4.3
4.1
8.1
4.9
3.1
4.4
4.7
8.4
4.2
4.0
4.1
3.9
7.3
3.6
3.5
4.9
5.0
13.8
10.3
3.2
4.1
4.3
3.2
-1.0
4.2
4.1
4.1
14.9
13.7
1.1
2.1
Final sales to domestic purchasers:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
5.9
.3
5.7
6.1
5.8
8.1
4.4
3.5
3.9
3.7
12.5
9.1
3.1
3.5
3.2
9.4
5.4
3.8
4.0
4.3
10.0
6.9
2.9
3.4
3.3
9.9
6.3
3.3
4.8
4.9
14.5
11.1
3.1
3.9
4.1
6.8
2.9
3.8
3.7
3.8
5.0
.2
4.8
5.4
3.9
-2.0
6.0
6.6
6.4
7.8
3.8
3.8
4.3
4.2
12.4
9.5
2.6
4.3
4.1
9.7
6.4
3.1
4.4
4.7
11.2
6.6
4.4
4.1
3.8
15.2
10.3
4.4
4.9
5.0
11.5
7.9
3.3
4.1
4.3
5.4
1.4
3.9
3.9
4.0
3.1
24
5.6
6.2
5.9
7.8
4.3
3.3
3.9
3.7
13.3
11.0
2.2
4.0
3.9
10.3
7.4
2.7
4.2
4.5
11.9
7.4
4.2
3.8
3.5
16.1
11.9
3.8
4.2
4.2
12.4
9.0
3.2
3.9
4.1
5.5
1.5
3.9
3.9
4.0
Nonfarm:
3.7
Current dollars
,
1972 dollars
-2.1
5.9
Implicit price deflator
6.5
Chain price index
Fixed-weighted
price
6.0
index
8.5
4.9
3.5
4.1
16.1
13.2
2.5
11.5
8.2
3.0
12.8
8.6
3.9
13.1
9.8
3.0
13.4
10.0
3.1
5.4
1.0
4.4
7.5
3.3
11.7
7.7
10.7
8.2
12.7
8.6
8.6
6.3
8.4
3.9
1.7
1.3
2.1
3.0
2.4
87 -13.7
-7.8
-7.4
-1.0
-6.9
-.6 -5.2
1.6
1.4
.2
1.6
37.5
28.5
7.0
.2
17.2
23.2
-4.9
.6
24.1
21.3
2.3
4.8
3.8
2.0
1.8
1.2
-3.1
3.1
1.3
2.3
5.0
1.4
1.2
-5.1
-6.8
1.9
6.2
7.6
7.3
.3
2.2
19.8
17.7
1.8
.8
29.3
26.4
2.3
.6
38.9
31.4
5.7
1.2
16.1
19.6
-3.0
1.4
23.8
21.2
2.1
.7
21.5
18.6
2.5
2.6
6.7
2.6
.9
.8
1.2
2.0
1.8
3.1
Residential:
-12.4
Current dollars
15.C
1972 dollars
3.1
Implicit price deflator....
3.2
Chain price index
...
Fixed-weighted
price
2.8
index
44.7
41.7
2.1
-1.4
71.9
78.1
-3.5
-3.4
44.4
31.6
9.7
9.6
3.3
4.0
-.7
-.1
23.6
21.3
1.9
1.7
12.1
1.2
10.9
11.0
-.6
4.6
4.2
4.2
.2
—4.1
9.9
— .6
1.7
11.6
4.2
,
5.8
78
2.2
2.5
2.2
3.5
55
2.1
2.0
1.7
34
3.0
4.5
3.9
18.1
14.0
3.5
3.7
3.5
5.0
-1.5
6.6
6.2
6.1
15.6
11.4
3.7
2.9
2.7
4.0
-.5
45
4.4
4.5
7.1
75
.4
-.8
-1.4
-3.7
1.3
-4.9
-2.0
-2.6
4.6
7.6
-2.8
-2.0
-2.9
37.6
31.2
4.9
-3.3
60
31.7
21.8
8.1
.2
0
21.1
32.3
-8.5
.3
-.9
42.0
47.1
-3.5
2.1
2.3
10.9
8.0
2.6
2.0
2.3
41.5
55.5
-9.0
2.7
-3.7
NOTE.—The implicit price deflator for GNP is a weighted average of the detailed price indexes
used in the deflation of GNP. In each period, the weights are based on the composition of
constant-dollar output in that period. In other words, the price index for each item (1972=100)
is weighted by the ratio of the quantity of the item valued in 1972 prices to the total output in
1972 prices. Changes in the implicit price deflator reflect both changes in prices and changes in
I
9.0
2.0
6.9
7.0
6.5
4.2
Imports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index .
Fixed-weighted price index
IV
Addenda:
Fixed investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Exports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
III
II
Government purchases of goods
and services:
Current dollars
1972 dollars
Implicit price deflator
Chain price deflator
Fixed-weighted price index
1984
1983
1983
Gross domestic product:
Current dollars
1972 dollars
..
Implicit price deflator
Chain price index
Fixed-weighted price index
,
.
Business:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weigh ted price index
Disposable personal
income:
Current dollars
1972 dollars
.
6.8
.9
4.3
7.3
3.5
the composition of output. The chain price index uses as weights the composition of output in
the prior period, and therefore reflects only the change in prices between the two periods.
However, comparisons of percent changes in the chain index also reflect changes in the
composition of output. The fixed-weighted price index uses as weights the composition of output
in 1972. Accordingly, comparisons over any time span reflect only changes in prices.
By EUGENE P. SESKIN
Plant and Equipment Expenditures:
• Quarters of 1984
• First and Second Quarters of 1985
• Year 1985
Bi
BUSINESS plans to spend $333.4
billion for new plant and equipment
in 1985, 8.4 percent more than in
1984, according to the survey conducted in late October and November
(tables 1 and 2, and chart 5).1 The
latest estimate for 1984 spending is
$307.6 billion, 14.3 percent more than
in 1983, and is essentially unchanged
from that reported in September for
the survey conducted in late July and
August.2
Real spending—capital spending adjusted to remove price changes—is estimated to increase 6.8 percent in
1985. The latest estimate of real
spending for 1984 indicates an increase of 13.3 percent from 1983; real
1. The series consists of business expenditures for
new plant and equipment (P&E)—both for replacement and expansion—by U.S. companies for their domestic operations, including most costs that are
chargeable to fixed asset accounts and for which depreciation or amortization accounts are ordinarily
maintained. The series excludes expenditures for land
and mineral rights; maintenance and repair; used
plant and equipment, including that purchased or acquired through mergers or acquisitions; assets located
in foreign countries; residential structures; and a few
other minor items.
The coverage of the series and the pattern of estimates differ from those of the nonresidential fixed investment (NRFI) component of GNP. The major differences in coverage are the inclusion in the GNP component of investment by the farm sector, real estate,
professional and medical services, and certain other
nonmanufacturing industries; certain outlays charged
as current expenses by business; reimbursable expenditures for new motor vehicles purchased by employees
for business use; and certain transactions in used
plant and equipment. The pattern of estimates may
also differ due to timing; the NRFI series reflects construction put in place and shipments of equipment,
whereas the P&E series reflects expenditures.
2. Spending plans have been adjusted for systematic
reporting biases. Quarterly estimates were adjusted
for each industry, for each quarter of the year, based
on the median ratios of planned to actual spending for
that quarter in the preceding 8 years. Annual estimates for 1985 were adjusted for each industry when
planned spending deviated from actual spending in
the same direction in at least 5 of the last 7 years.
When this criterion was met, an adjustment was made
by taking the median deviation between planned and
actual spending for the preceding 5 years. Before adjustment, 1984 planned spending was $132.12 billion
in manufacturing and $175.07 billion in nonmanufacturing, and 1985 planned spending was $149.36 billion
in manufacturing and $183.70 billion in nonmanufacturing.
spending declined 3.6 percent in 1983
(tables 2 and 3). Estimates of real
spending are computed from the
survey data on current-dollar spending plans and from estimated capital
goods price deflators prepared by
BEA.3 The latest deflators developed
by BEA indicate that capital goods
prices will increase 1.5 percent in
1985, following a 0.8-percent increase
in 1984; capital goods prices declined
1.3 percent in 1983.
Revised estimates of plant and equipment expenditures, 1947-83, will be published in the February 1985 issue of the
SURVEY OP CURRENT BUSINESS. Estimates
for the fourth quarter of 1984 and revised estimates for the first three quarters of 1984 will appear in the April 1985
SURVEY.
Current-dollar spending in the third
quarter of 1984 increased 3.4 percent,
to an annual rate of $313.1 billion, following a 3.3-percent increase in the
second quarter; third-quarter spending was 1.0 percent lower than
planned spending reported 3 months
ago. Plans reported in the latest
survey indicate a 2.6-percent increase
in the fourth quarter, and increases of
5.1 percent and 2.1 percent in the
3. Specifically, the current-dollar figures reported by
survey respondents are adjusted using implicit price
deflators, for each industry group, based on unpublished data in the national income and product accounts. To estimate planned real spending, the implicit price deflators for each industry are extrapolated
using the average rate of change during the latest
four quarters for which they are available.
Table 1.—Expenditures for New Plant and Equipment by Business: Percent Change From
Preceding Year
All industries 5
Manufacturing. .
Durable goods
Primary metals 6
Blast furnaces, steel works
Nonferrous metals
Fabricated metals
Electrical machinery
Machinery, except electrical
Transportation equipment 6
Motor vehicles.
Aircraft
Stone, clay, and glass
Other durables
Nondurable goods .
Food including beverage
Textiles
Paper
Chemicals
Petroleum
Rubber .
Other nondurables
Nonmanufacturing5
Mining
Transportation
Railroad
Air
Other
Public utilities
Electric
Gas and other . . .
Commercial and other
1982
1983
Actual
Actual
19 84
1985
Planned l
Planned 2
Planned 3
Planned 4
Planned 4
23
48
140
148
143
143
84
56
68
163
155
169
175
116
87
81
97
83
144
145
102
142
2.6
—42
141
94
184
60
132
55
212
132
102
121
157
18.6
212
116
73
131
160
21.7
13.9
21 7
124
29
-26
176
215
60
170
100
26
-5.8
146
-14.7
279
340
204
147
190
120
2.5
284
154
80
129
154
23.5
12.8
264
389
108
9.5
169
127
7.5
26.4
136
315
489
104
98
218
132
10.5
124
61
137
156
22.6
16.2
345
530
123
64
221
138
13.4
225
201
128
113
228
92
196
20
9
15.5
10.3
211
300
99
10.8
11 1
95
17.6
-5.3
175
219
152
148
103
190
18.6
17.6
17.6
14.5
136
98
9.0
156
.6
-3.3
12.3
14.3
12.4
12.0
6.0
-235
213
72
18.1
109
113
325
91
153
356
4.9
47
8.0
7.0
42
35
1
11 1
24
5
34
0
-120
.3
-84
g
33
3.2
-91
93
123
12
-17
23.7
19.3
118
96
105
139
119
5.9
63
-10.6
-4.0
1. Plans reported by business in January and February 1984.
2. Plans reported by business in April and May 1984.
3. Plans reported by business in July and August 1984.
4. Plans reported by business in October and November 1984.
5. Surveyed quarterly.
6. Includes industries not shown separately.
36
1
48
181
11
20.7
-26.2
282
66
16
320
143
24.4
160
135
10.4
69
25.0
-29.2
25.5
71
17
342
179
-22.9
244
55
-6
363
158
-19.9
304
52
-8
349
150
— 5
15
-27
166
8.1
Table 2.—Expenditures for New Plant and Equipment by Business in Current and Constant Dollars
Billions of dollars; quarters seasonally adjusted at annual rates
All industries 2
Manufacturing
,
Durable goods
Primary metals 3
Blast furnaces, steel works
Nonferrous metals
Fabricated metals
Electrical machinery
Machinery except electrical
Transportation equipment 3 ..
Motor vehicles
Aircraft
Stone clay and4 glass
Other durables
Nondurable goods
Food including beverage ... .
Textiles
Paper
Chemicals
Petroleum
Rubber
Other nondurables 5
Nonmanufacturing 2
Mining
Transportation
Railroad.
.
.
....
Air
Other. ..
Public utilities
Electric.
Gas and other
Commercial and other
Wholesale and retail trade
Finance and insurance
Personal and business services 6
Communication
Addenda: 7
Total nonfarm business 8
Manufacturing .
Nonmanufacturing
Surveyed quarterly9
Surveyed annually
1985
1984
1983
1982
1983
282.71
269.22
307.59
333.40
270.05
283.96
293.15
302.70
313.11
321.40
337.85
344.86
119.68
111.53
131.01
146.25
111.12
116.36
122.78
127.67
139.09
146.00
151.23
56.44
7.46
3.47
2.71
2.59
10.62
12.89
15.16
7.92
6.04
2.61
5.13
63.23
7.74
1.33
5.97
13.27
26.69
1.71
6.52
51.78
6.39
2.97
2.44
2.22
10.90
12.35
13.02
7.17
4.93
2.45
4.45
59.75
6.60
1.39
6.18
13.28
23.48
1.91
6.91
63.02
7.18
3.15
2.77
2.57
13.36
14.35
17.52
10.97
5.54
2.61
5.43
67.99
7.48
1.70
7.42
14.99
26.14
2.35
7.92
71.79
7.84
3.77
2.71
2.55
15.43
15.83
21.22
14.26
6.08
2.89
6.04
74.46
8.80
1.61
8.43
16.46
28.49
2.71
7.97
53.06
6.55
3.21
2.48
2.27
11.21
12.38
13.41
7.36
5.23
2.54
4.69
58.06
6.47
1.42
6.18
12.69
22.56
1.87
6.87
54.85
6.31
2.79
2.55
2.29
11.46
13.34
14.39
8.76
4.69
2.53
4.54
61.50
6.82
1.58
6.24
13.80
23.65
2.13
7.28
58.94
6.82
3.00
2.74
2.33
12.57
13.04
16.47
10.25
5.16
2.64
5.07
63.84
6.69
1.68
6.93
14.96
23.55
2.27
7.76
60.20
6.81
3.04
2.62
2.57
12.99
13.68
16.52
10.24
5.26
2.55
5.08
67.46
7.18
1.73
7.05
14.48
27.19
2.05
7.78
134.49
65.44
7.02
2.97
2.70
2.65
13.63
15.44
18.14
11.22
5.88
2.65
5.91
69.06
7.77
1.78
7.72
14.86
26.74
,2.36
7.83
67.49
8.05
3.59
3.01
2.74
14.25
15.25
18.94
12.19
5.84
2.59
5.67
71.60
8.29
1.59
8.00
15.64
27.07
2.71
8.30
71.09
7.87
3.78
2.46
2.68
16.58
13.89
20.84
14.30
5.45
2.73
6.49
74.91
7.94
1.49
8.81
16.24
29.70
2.43
8.30
74.36
7.99
3.93
2.39
2.86
17.93
15.88
20.36
13.14
6.31
2.70
6.65
76.87
8.68
1.63
9.14
15.42
29.71
2.82
9.46
163.03
157.69
176.58
187.15
158.93
167.60
170.37
175.03
178.61
182.31
191.85
193.63
15.45
11.95
4.38
3.93
3.64
41.95
33.40
8.55
93.68
22.19
21.55
21.60
28.34
11.83
11.20
3.92
3.77
3.50
42.00
34.99
7.00
92.67
25.89
21.69
19.09
25.99
12.90
12.91
5.32
3.02
4.57
44.17
34.72
9.45
106.61
13.54
13.52
5.74
3.23
4.55
44.82
33.80
11.02
115.28
11.93
11.00
4.07
3.57
3.36
42.22
35.84
6.38
93.79
26.86
22.52
19.70
24.71
12.43
11.86
4.63
3.32
3.91
42.69
35.31
7.37
100.62
27.99
22.84
19.59
30.20
13.95
11.46
4.41
2.77
4.28
43.62
35.74
7.87
101.35
29.65
24.83
21.41
25.46
12.13
12.95
5.64
2.98
4.33
44.61
35.30
9.30
105.35
30.28
26.31
21.29
27.47
12.61
13.65
5.80
3.16
4.69
44.75
34.64
10.11
107.61
31.11
25.35
22.08
29.06
12.92
13.56
5.41
3.18
4.98
43.70
33.19
10.51
112.12
12.57
13.00
5.08
3.46
4.46
45.21
33.68
11.54
121.07
13.04
13.47
5.74
2.84
4.89
46.20
34.31
11.89
120.93
316.43
119.68
196.75
163.03
33.72
302.50
111.53
190.97
157.69
33.28
131.01
i'46.25
111.12
116.36
122.78
127.67
134.49
139.09
146.00
151.23
176.59
187.15
158.93
167.60
170.37
175.03
178.61
182.31
191.85
193.63
1984 i
III
IV
I
II
III
IV 1
I1
II 1
Billions of 1972 dollars; quarters seasonally adjusted at annual rates 10
All industries 2
Manufacturing....
Durable goods 3
Primary metals
Blast furnaces steel works
Nonferrous metals. ..
Fabricated metals
Electrical machinery ..
Machinery except electrical
Transportation equipment 3
Motor vehicles
Aircraft
Stone, clay, and4 glass
Other durables
Nondurable goods
'.
Food including beverage . . .
Textiles
Paper
Chemicals
Petroleum
Rubber
Other nondurables 5
Nonmanufacturing 2
,.
....
.-. ..
Mining
Transportation
Railroad
132.45
127.71
144.70
154.51
128.81
133.45
138.88
142.51
146.98
150.40
157.74
160.47
54.74
52.34
60.52
65.99
52.58
54.30
57.33
58.83
62.10
63.81
66.35
68.58
28.51
3.35
1.55
1.19
1.28
5.77
6.88
7.44
3.84
3.04
1.19
2.60
26.23
3.71
.63
2.89
6.18
8.61
.84
3.37
26.64
2.89
1.33
1.09
1.11
5.94
6.74
6.54
3.53
2.56
1.13
2.28
25.70
3.17
.66
3.00
6.27
8.05
.94
3.62
31.50
34.80
31.48
32.28
84.18
4.03
5.67
88.53
4.22
5.67
79.15
3.77
5.34
32.73
3.10
1.29
1.18
1.28
7.18
8.18
8.84
5.35
3.00
1.19
2.95
29.38
3.63
.81
3.63
6.90
9.30
1.13
3.98
84.88
3.94
5.96
30.42
75.37
3.59
5.08
30.16
3.02
1.33
1.15
1.25
6.87
7.27
8.07
4.90
2.69
1.15
2.53
28.66
3.37
.79
3.33
6.75
9.49
.98
3.96
83.69
3.81
5.74
36.30
77.71
4.24
5.41
29.70
3.06
1.33
1.21
1.14
6.69
6.96
8.09
4.93
2.65
1.21
2.56
27.63
3.17
.78
3.30
7.01
8.29
1.09
3.99
81.55
4.34
5.13
34.87
31.18
27.86
2.83
1.24
1.13
1.14
6,16
7.17
7.14
4.27
2.42
1.14
2.28
26.44
3.24
.74
3.00
6.45
8.22
1.03
3.77
33.39
29.02
27.39
2.97
1.44
1.11
1.14
6.13
6.77
6.76
3.63
2.73
1.18
2.43
25.19
3.13
.67
3.00
6.04
7.84
.92
3.59
76.24
3.71
5.02
86.59
4.01
5.85
91.38
3.93
5.54
91.89
4.06
5.68
17.90
17.79
18.37
18.20
17.92
17.76
18.32
18.62
18.55
18.01
18.52
18.81
50.16
11.29
12.00
10.73
16.13
48.91
13.18
12.09
9.51
14.13
56.11
60.45
49.59
13.74
12.54
9.86
13.45
52.29
14.02
12.55
9.60
16.12
53.75
14.74
14.67 '
10.93
13.41
55.52
14.90
15.49
10.77
14.36
56.43
15.25
15.02
11.04
15.13
58.72
63.39
63.34
150.32
54.74
95.58
77.71
17.87
145.26
52.34
92.92
75.37
17.55
60.52
65.99
52.58
54.30
57.33
58.83
62.10
63.81
66.35
68.58
84.88
86.59
91.38
91.89
Air
Other
Public utilities
Electric
. . .
Gas and other
Commercial and other
Wholesale and retail trade ..
Finance and insurance
Personal and business services 6 ..
Communication
.
7
Addenda:
Total nonfarm business 8
Manufacturing
Nonmanufacturing
Surveyed quarterly
Surveyed annually 9
1. Estimates are based on planned capital expenditures reported by business in late October
and November 1984. The planned expenditures are adjusted for systematic biases in reporting.
The adjustment procedures are described in the October 1980 SURVEY OF CURRENT BUSINESS.
Before bias adjustment, current-dollar plans for 1984 were $307.18 billion for all industries,
$132.12 billion for manufacturing, and $175.07 billion for nonmanufacturing surveyed quarterly,
and current-dollar plans for 1985 were $333.06 billion for all industries, $149.36 billion for manufacturing, and $183.70 billion for nonmanufacturing surveyed quarterly.
2. Surveyed quarterly.
3. Includes industries not shown separately.
4. Consists of lumber, furniture, instruments, and miscellaneous.
5. Consists of apparel, tobacco, leather, and printing-publishing.
6. Includes construction.
24
84.18
88.53
76.24
79.15
81.55
83.69
7. Quarterly estimates for selected nonmanufacturing industries were discontinued effective
with the April-May 1984 survey. The latest estimates for these industries were published in the
March 1984 SURVEY. The current-dollar plans for 1984 were $343.57 billion for total nonfarm
business, $213.86 billion for total nonmanufacturing, and $36.77 billion for nonmanufacturing surveyed annually.
8. "All industries" plus the part of nonmanufacturing that is surveyed annually.
9. Consists of forestry, fisheries, and agricultural services; medical services; professional services; social services and membership organizations; and real estate.
10. Procedures for preparing constant-dollar estimates are described in the September 1981
SURVEY. Estimates for the second quarter of 1984 have been revised to reflect new price deflators
based on revisions in the national income and product account data. To estimate real spending
plans, BEA adjusts the survey results for assumed price changes.
BBIBBBHBBBBBI CHART §
Table 3.—Expenditures for New Plant and Equipment by Business in Constant (1972) Dollars:
Percent Change From Preceding Year
1982
1983
Actual
Actual
5
Planned
1
Planned
2
Changes in Business Investment
1985
19 84
Planned
3
Planned
4
Planned
4
12.6
14.8
13.3
13.3
6.8
-9.0
-4.4
15.7
13.8
15.0
15.6
9.0
Durable goods
Nondurable goods
99
-81
66
-20
199
11.3
155
12.1
17.4
12.5
18.2
12.9
10.5
7.4
Nonmanufacturing 5
—4.3
—3.0
10.4
15.4
12.1
11.7
5.2
168
-40
41
58
152
-62
6
25
239
6.6
59
115
220
5.5
6.6
192
144
8.3
3.7
153
12.3
11.6
47
0
-.9
77
All industries
Manufacturing
Mining
Transportation
Public utilities
Commercial and other
1.
2.
3.
4.
5.
25
SURVEY OF CURRENT BUSINESS
December 1984
63
36
oq
147
-30
-20
-10
Percent
0
10
20
30 40
ALL INDUSTRIES
Gas and Other
Utilities
Durable Goods
Manufacturing
Calculated from constant-dollar estimates based on current-dollar spending plans reported in January and February 1984.
Calculated from constant-dollar estimates based on current-dollar spending plans reported in April and May 1984.
Calculated from constant-dollar estimates based on current-dollar spending plans reported in July and August 1984.
Calculated from constant-dollar estimates based on current-dollar spending plans reported in October and November 1984.
Surveyed quarterly.
first and second quarters of 1985, repectively.
Real spending increased 3.1 percent
in the third quarter of 1984, following
a 2.6-percent increase in the second
quarter. Estimates indicate a 2.3-percent increase in the fourth quarter, a
4.9-percent increase in the first quarter of 1985, and a 1.7-percent increase
in the second.
Manufacturing Programs
Manufacturing industries plan an
11.6-percent increase in current-dollar
spending in 1985, to an annual rate of
$146.2 billion; the latest estimate of
spending for 1984 indicates an increase of 17.5 percent from 1983. Durable goods industries plan a 13.9-percent increase in 1985 and nondurables, a 9.5-percent increase. In durables, the largest increases are planned
in motor vehicles, 30.0 percent; iron
and steel, 19.6 percent; and electrical
machinery, 15.5 percent. In nondurables, the largest increases are planned
in food-beverage, 17.6 percent; rubber,
15.6 percent; and paper, 13.6 percent.
A decline of 5.3 percent is planned in
textiles.
Current-dollar spending in manufacturing increased 5.3 percent in the
third quarter of 1984, to an annual
rate of $134.5 billion, following a 4.0-
percent increase in the second quarter. Durable goods industries increased spending 8.7 percent in the
third quarter and nondurables, 2.4
percent. Manufacturers plan a 3.4percent increase in the fourth quarter, and increases of 5.0 percent and
3.6 percent in the first and second
quarters of 1985, respectively.
Real spending by manufacturers is
estimated to increase 9.0 percent in
1985—-10.5 percent in durables and
7.4 percent in nondurables. The latest
estimate of real spending in manufac-,
turing for 1984 indicates an increase
of 15.6 percent from 1983.
Nonmanufacturing Programs
Nonmanufacturing industries plan
a 6.0-percent increase in spending in
1985, to an annual rate of $187.2 billion; the latest estimate of spending
for 1984 indicates an increase of 12.0
percent from 1983. The largest increase in 1985 is planned in gas utilities, 16.6 percent. Smaller increases
are planned in "commercial and
other," 8.1 percent; railroads, 8.0 percent; air transportation, 7.0 percent;
and mining, 4.9 percent. Declines of
2.7 percent and 0.5 percent are
planned in electric utilities and
"other transportation," respectively.
Current-dollar spending in nonmanufacturing increased 2.0 percent in
Other
Transportation
Electric Utilities
U.S. Department of Commerce, Bureau of Economic Analysis
the third quarter of 1984, to an
annual rate of $178.6 billion, following a 2.7-percent increase in the
second quarter. Nonmanufacturing industries plan a 2; 1-percent increase in
the fourth quarter, and increases of
5.2 percent and 0.9 percent in the
first and second quarters of 1985, respectively.
Real spending by nonmanufacturing industries is estimated to increase
5.2 percent in 1985; the latest estimate of spending for 1984 indicates
an increase of 11.7 percent from 1983.
Increases in" 1985 are planned in
"commercial and other/' 7.7 percent,
and mining, 4.7 percent; slight declines are planned in public utilities
and transportation.
By NED G. HOWENSTINE
U.S. Affiliates of Foreign Companies:
Operations in 1982
(jTROWTH of U.S. affiliates slowed
significantly in 1982.x Affiliates' employment, one of the broadest measures of their activity, increased 1 percent, to 2,435,000, compared with a
19-percent increase in 1981 (table 1).
Total assets of affiliates, another
broad measure, increased 16 percent,
to $473.0 billion, compared with a 39percent increase in 1981 (table 2). The
slowdown was mainly a result of the
U.S. recession.
The 1981 and 1982 estimates of the
U.S.
affiliates' employment, total
assets, and other items presented in
this article were obtained by expanding to universe totals sample data collected in BEA's annual survey of foreign direct investment in the United
States. The previously published estimates for 1981 have been revised (see
the technical note); the estimates for
1982 are preliminary and will be revised next year.2
Because changes in employment are
not directly affected by inflation, they
tend to correspond more closely than
changes in total assets to growth in
real economic activity. For this
reason, the remainder of this article
will focus on changes in affiliate employment.
As a result of the U.S. recession,
many U.S. affiliates laid off employees in 1982. The all-affiliate total increased slightly because the employment added due to acquisitions of
U.S. companies by foreign direct investors more than offset the decreases
due to layoffs. A large portion of the
added employment was in retail
trade.
Employment of U.S. affiliates in
mining, petroleum, manufacturing,
and real estate declined. Except in
real estate, the declines occurred
mainly because layoffs were widespread and the employment added
due to acquisitions was small. In real
estate, the decline occurred mainly
Table 1.—Employment of Nonbank U.S. Affiliates, 1980-82, by Industry of Affiliate and Country
of Ultimate Beneficial Owner
Employment
1. A U.S. affiliate is a U.S. business enterprise in
which there is foreign direct investment—that is, in
which a single foreign person owns or controls, directly or indirectly, 10 percent or more of the voting securities if an incorporated business enterprise or an
equivalent interest if an unincorporated business enterprise. The estimates presented in this article cover
nonbank U.S. affiliates; selected data for bank affiliates are published by the Federal Reserve System in
the Federal Reserve Bulletin.
2. Preliminary 1981 estimates appeared in Ned G.
Howenstine, "U.S. Affiliates of Foreign Companies:
Operations in 1981," SURVEY OF CURRENT BUSINESS 63
(November 1982): 19-34.
26
Change
Number of employees
1980
All industries, all countries
NOTE.—The annual survey was conducted
under the supervision of James L. Bomkamp,
Chief, Direct Investment in the United States
Branch, International Investment Division.
Beverly A. Feeser was project leader for editing
and processing the forms. Richard Mauery and
Arnold Gilbert designed the computer programs for data retrieval and analysis. Ethel J.
Wheeler provided statistical assistance.
because a Canadian company sold its
minority interest in a major U.S. real
estate brokerage firm.
The largest decline in affiliate employment was in manufacturing
(61,000). Within manufacturing, employment declined in every major subindustry. Declines were particularly
large in chemicals (24,000), mainly industrial chemicals, and in machinery
(15,000), mainly construction machinery, industrial machinery, and electronic components.
Affiliate employment increased in
wholesale trade, retail trade, finance,
and "other" industries. The largest increase was in retail trade (46,000); it
mainly reflected the acquisition by
foreign investors of several sizable
U.S. retailers, including national jewelry store and fast food restaurant
1981
1982
Number of
employees
1981
1982
Percent
1981
1982
19
1
60
1425
38,927 15,105
25,247
40,352
26
122,865 26,649 -4,834
101,050
127,699
18
1,102,804 1,300,003 1,238,884 197,199 -61,119
6
127,854
120,354
7,500 -2,032
125,822
46
283,401 413,916
390,088 130,515 -23,828
_
i
103,807
111,307
7500
1576
112,883
4
288,459 301,206
14940
286,266 12,747
297,707
345,720
16
332,901 48,013 -12,819
17
217,062
253,972
25,630
279,602 36,910
304,380 343,981
13
389,992 39,601 46,011
24,607 -6,697
24,790
,
6,514 -27
18,093
67,905
70,640
62,302
9
5,603
2,735
45
28,701
25,152
19,748
8,953 -3,549
244,474 59,310
34
235,859
176,549
8,615
-4
4
-5
-2
-6
-7
-5
-4
10
13
36
4
-12
4
2,033,932 2,416,565 2,435,143 382,633
18,578
By industry
Mining
Petroleum
Manufacturing
Chemicals and allied products
Primary and fabricated metals
Machinery
.
Other manufacturing
Wholesale trade
Retail trade
Finance except banking
Insurance
Real estate
Other industries
...
....
By country
Canada
Europe
Of which:
France
Germany
Netherlands
United Kingdom
Switzerland
Japan
Australia New Zealand and South Africa
Latin America
Middle East
Other Africa, Asia, and Pacific
United States
*Less than 0.5 percent (±).
437,393 457,989 147,375
290,018
1,477,099 1,628,440 1,626,478 151,341
„
206,359
375,865
186,688
428,237
154,813
115,258
29,231
74,456
22,800
11,961
13,109
218,038
376,931
222889
514,002
153,542
138,093
49,371
74,670
35,118
16,620
36360
20,596
1962
26610
191,428 11,679
350,987
1,066 -25,944
222,974 36,201
85
535,855 85,765 21,853
173,232 -1,271 19,690
138,935 22,835
842
52,269 20,140
2,898
4,986
214
79,656
28,923 12,318 -6,195
-195
4,659
16,425
2392
34,468 23,751
51
10
5
(*)
6 -12
(*) -7
19
(*)
4
20
-1
13
1
20
6
69
7
-18
1
39
181 -6
8
December 1984
Estimates for 1981 and 1982 of selected
items from BEA's annual survey of foreign direct investment in the United
States are presented in this article. Sets
of tables giving additional information
for each year—including estimates of
U.S. affiliates' balance sheets and income
statements; external financial position;
property, plant, and equipment; employment and employee compensation; U.S.
merchandise trade; technology; and U.S.
land owned and leased—are available.
The estimates are disaggregated by industry of affiliate, country and industry
of ultimate beneficial owner, and, for selected items, by U.S. region and State.
Copies may be obtained from the Bureau
of Economic Analysis (BE-50, Research),
U.S. Department of Commerce, Washington, DC 20230. Price $4.50 for the estimates for one year; $9 for the estimates
for both years. Make check payable to
Superintendent of Documents.
The 1980 data presented in this article
are from BEA's most recent benchmark
survey of foreign direct investment in
the United States. Additional information for 1980 is available in Foreign
Direct Investment in the United States,
1980. Copies may be obtained from the
Superintendent of Documents, U.S. Government Printing Office, Washington,
DC 20402; price $8.00, stock number 003010-00123-2.
SURVEY OF CURRENT BUSINESS
Table 2.—Total Assets of Nonbank U.S. Affiliates, 1980-82, by Industry of Affiliate and Country
of Ultimate Beneficial Owner
Change
Total assets
Millions of dollars
All industries, all countries
Millions of
dollars
Percent
1981
1982
66,004
39
16
5,354
11,922
41,275
4,429
24,034
1,443
4,441
6,929
27,356
1,666
4,976
5,391
11,397
5,614
1,718
3,970
6,546
-186
1,324
445
2,381
2,582
15,900
3,443
14,344
6,343
8,957
4,784
79
27
51
54
92
14
25
35
55
17
15
15
57
50
14
7
5
-1
3
4
11
10
21
30
38
15
29
28
91,786
259,229
32,945
44,747
10,962
28,401
69
24
14
12
33,135
37,950
47,854
79,683
39,084
35,615
43,063
14,529
17,553
4,194
7,020
6,700
4,346
8,690
14,408
2,648
4,769
23,292
1,653
6,236
813
498
781
2,408
3,061
8,681
10,405
3,220
12,798
5,110
4,044
541
928
26
14
24
25
10
17
334
21
86
29
9
2
7
7
12
36
10
42
54
30
15
15
1980
1981
1982
1981
1982
292,033
406,985
472,989
114,952
6,813
44,060
81,684
8,203
26,086
10,277
17,427
19,690
50,068
9,685
32,291
36,240
19,872
11,320
12,167
55,982
122,959
12,632
50,120
11,720
21,868
26,619
77,424
11,351
37,267
41,631
31,269
16,934
13,885
59,952
129,505
12,446
51,444
12,165
24,249
29,201
93,324
14,794
51,611
47,974
40,226
21,718
47,879
186,081
80,824
230,828
25,654
31,196
36,103
56,594
26,031
27,626
6,973
7,766
7,273
2,840
5,594
32,354
35,542
44,793
71,002
28,679
32,395
30,265
9,419
13,509
3,653
6,092
By industry
Mining
Petroleum
,
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals . . . .
Machinery
Other manufacturing....
Wholesale trade
Retail trade
Finance, except banking
Insurance
Real estate
Other industries
.
By country
Canada
Europe
Of which:
France
Germany
Netherlands
United Kingdom
Switzerland
Japan
Australia, New Zealand, and South Africa
Latin America
Middle East
Other Africa, Asia, and Pacific
United States
,
of which together had over 10,000 employees. Another was a shift, from
France to Liechtenstein, of the UBO
chains and two regional department of a major affiliate as a result of a
store chains.3
change in the affiliate's ownership
By country of ultimate beneficial structure. For German-owned affiliowner (UBO), the largest decreases in ates, the decrease in employment reemployment were by affiliates with sulted partly from layoffs, particularUBO's in the Middle4 East, the United ly in chemicals and machinery manuStates, and Europe. Among individ- facturing. Also contributing was the
ual countries, affiliates with UBO's in selling or closing of a number of unFrance and Germany had the largest profitable supermarkets and other fadecreases (27,000 and 26,000, respec- cilities of a German-owned national
tively). For French-owned affiliates, grocery store chain.
recession-related layoffs—particularly
The largest increases in employby affiliates in metals, glass, and ment were by affiliates with UBO's in
transportation equipment manufac- Canada, the United Kingdom, and
turing—caused much of the decrease. Switzerland. UBO's in each of these
Other factors, however, were also im- countries acquired several large U.S.
portant. One was the sale by French companies during the year.
The slow growth in affiliate employparents of their interests in several
existing U.S. affiliates, the two largest ment nationwide was mirrored in
most U.S. regions. Affiliate employment increased 1 percent or less in
3. For additional information on new investments in
every region except the Mideast,
1982 and 1983, see R. David Belli, "U.S. Business Enwhere it declined 1 percent, and the
terprises Acquired or Established by Foreign Direct
Investors in 1982," SURVEY 63 (June 1983): 27-32,
Great Lakes, were it increased 4 peridem, and "U.S. Business Enterprises Acquired or Escent (table 3).
tablished by Foreign Direct Investors in 1983,"
Among States, the change in affiliSURVEY 64 (May 1984): 16-20.
4. The UBO is that person, proceeding up a U.S. afate
employment ranged from a 22-perfiliate's ownership chain, beginning with and includcent
decrease in Alaska to a 21-pering the foreign parent, that is not owned more than 50
percent by another person. The foreign parent is the
cent increase in South Dakota. In abfirst foreign person in an affiliate's ownership chain.
solute terms, the largest decrease in
Unlike the foreign parent, the UBO of an affiliate
employment was in Pennsylvania
may be located in the United States.
27
(5,300). Widespread layoffs, particularly in transportation equipment
manufacturing, and sales or closures
of supermarkets by a large grocery
store chain contributed significantly
to the decrease in that State. The
largest increase in affiliate employment was in Illinois (17,100). Acquisitions of an office equipment manufacturer and of a Chicago-based department store chain more than accounted for the increase.
Technical Note
The 1981 and 1982 universe estimates presented in this article were
derived from sample data reported in
BEA's annual survey of foreign direct
investment in the United States (the
BE-15). In the BE-15 survey, reports
were required from nonbank U.S. affiliates that had assets, sales, or net
income greater than $5 million or
that owned more than 1,000 acres of
U.S. land. The universe estimates
cover nonbank U.S. affiliates that had
assets, sales, or net income of $1 million or more or that owned 200 or
more acres of U.S. land; these were
the size criteria used to determine
which affiliates had to file complete
reports in the 1980 benchmark
28
survey, which is the basis for expanding the sample data reported in the
BE-15 survey to universe estimates.5
Data for nonsample affiliates—
those in the universe but not in the
current-year sample—were estimated.
The nonsample affiliates consisted of
affiliates (1) that were below the exemption levels for reporting in the
BE-15 survey; (2) that were required
to report but for some reason, did not;
or (3) that filed reports that could not
be processed in time to meet BEA's
publication schedule.
For the preliminary 1981 universe
estimates published a year ago, a simplified procedure was used to derive
estimates of data for nonsample affiliates.6 Since then, the estimating procedure has been refined. This refinement, together with corrections to the
data reported by the 1981 sample, resulted in revisions to 1981 universe
estimates. The new procedure, which
like the old one, estimates data both
for nonsample affiliates that were in
the universe in the prior year (previously existing affiliates) and for nonsample affiliates that entered the universe in the current year (new affiliates), is discussed below.
Previously existing affiliates
For each previously existing nonsample affiliate, each data item is estimated for the current year. The
item is calculated as the product of
two factors: (1) the prior-year data for
the affiliate and (2) the ratio of current- to prior-year data for a matched
sample of affiliates (those that reported in both the prior and current year)
that were in the same industry group
as the affiliate whose data are being
estimated and that had assets, sales,
or net income of less than $50 million.
The implicit assumption in this procedure is that, in a given industry
group, data for each nonsample affiliate changes at the same rate as data
for affiliates in the matched sample.
5. U.S. affiliates that did not meet these criteria
were also required to report in the benchmark survey,
but they filed partial reports containing only a few
key items of financial and operating data. Although
affiliates filing such partial reports were large in
number, the values reported by them for key items
were very small; taken together, they accounted for
0.6 percent or less of the values reported by all affiliates. Thus, affiliates that filed complete reports accounted for virtually all of the universe in terms of
value.
6. For a description of the procedure previously
used, see Howenstine, "U.S. Affiliates of Foreign Companies," p. 22.
SURVEY OF CURRENT BUSINESS
December 1984
The matched sample is restricted to
relatively small affiliates because
most of the nonsample affiliates are
also small. Ratios are calculated for
four industry groups—manufacturing;
wholesale trade; agriculture, forestry,
and real estate; and all other. These
four broad groups, rather than more
disaggregated industries, are used because, for some of the more disaggregated industries, the matched sample
would have consisted of only a few affiliates and the reliability of the re-
suiting ratios would have been questionable. If the calculated ratio is
biased by the data of one or two reporters, or is unrepresentative because of low coverage, it is adjusted
before being applied.
New affiliates
For new nonsample affiliates, estimates are separately derived for each
affiliate based on data they reported
in BEA's survey of new foreign direct
Table 3.—Employment of Nonbank U.S. Affiliates, 1980-82, by State
Change
Employment
Numb er of
emplc
Number of employees
1980
1981
1982
1981
1982
Percent
1981
1982
2,033,932
2,416,565
2,435,143
382,633
18,578
19
1
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
122,860
34,948
14,471
47,901
12,328
6,914
6,298
144,024
40,803
17,685
55,643
13,928
9,945
6,020
145,690
38,714
18,314
60,033
13,280
10,113
5,236
21,164
5,855
3,214
7,742
1,600
3,031
-278
1,666
-2,089
629
4,390
-648
168
-784
17
17
22
16
13
44
-4
1
5
4
8
-5
2
-13
Mideast. ..
Delaware
District of Columbia .
Maryland
New Jersey
New York
Pennsylvania
466,323
8,654
2,284
40,918
120,530
179,292
114,645
564,531
36,018
3,164
45,082
134,929
210,342
134,996
557,259
35,431
4,112
41,623
131,247
215,168
129,678
98,208
27,364
880
4,164
14,399
31,050
20,351
-7,272
587
948
3,459
-3,682
4,826
-5,318
21
316
39
10
12
17
18
-1
2
30
-8
-3
2
-4
Great Lakes.
Illinois
Indiana
Michigan
Ohio . . .
Wisconsin
368,054
112,434
47,335
65,275
84,218
58,792
388,570
113,605
46,992
65,939
99,850
62,184
405,842
130,723
46,481
62,166
105,969
60,503
20,516
1,171
-343
664
15,632
3,392
17,272
17,118
511
-3,773
6,119
-1,681
6
1
1
1
19
6
4
15
1
-6
6
-3
103,196
19,559
13,824
30,874
30,268
5,169
2,393
1,109
112,329
21,644
14,632
33,048
32,618
5,557
3,484
1,346
112,891
19,904
13,825
34,030
34,770
5,583
3,145
1,634
9,133
2,085
808
2,174
2,350
388
1,091
237
562
-1,740
-807
982
2,152
26
-339
288
9
11
6
7
8
8
46
21
1
-8
-6
3
7
(*)
-10
21
465,120
22,698
14,780
65,923
67,410
23,203
39,556
9,542
67,522
54,239
44,063
37,206
18,978
577,742
26,971
17,506
73,909
78,489
25,852
47,049
11,256
88,985
65,093
57,422
49,788
35,422
580,878
27,247
17,348
75,981
78,938
25,011
45,884
12,935
92,170
60,914
58,709
52,240
33,501
112,622
4,273
2,726
7,986
11,079
2,649
7,493
1,714
21,463
10,854
13,359
12,582
16,444
3,136
276
-158
2,072
449
-841
-1,165
1,679
3,185
-4,179
1,287
2,452
-1,921
24
19
18
12
16
11
19
18
32
20
30
34
87
1
1
-1
3
1
3
176,979
14,394
7,095
19,372
136,118
242,518
30,642
7,857
24,978
179,041
245,689
27,197
8,732
26,589
183,171
65,539
16,248
762
5,606
42,923
3,171
3,445
875
1,611
4,130
37
113
11
29
32
1
-11
11
6
2
37,921
19,935
3,708
1,798
9,473
3,007
52,583
24,743
3,828
3,029
16,765
4,218
52,775
26,826
3,817
2,979
14,758
4,395
14,662
4,808
120
1,231
7,292
1,211
192
2,083
-11
-50
-2,007
177
39
24
3
68
77
40
(*)
8
(*)
-2
-12
4
255,576
219,636
4,590
10,229
21,121
294,380
248,368
6,938
13,114
25,960
296,864
251,716
6,051
13,471
25,626
38,804
28,732
2,348
2,885
4,839
2,484
3,348
887
357
-334
16
13
51
28
23
1
1
-13
3
-1
8,326
15,509
9,290
3,842
936
8,746
16,996
9,507
3,070
1,569
6,836
15,425
10,093
2,717
2,184
420
1,487
217
-772
633
1,910
-1,571
586
-353
615
5
10
2
-20
68
-22
9
6
-11
39
Total . .
Plains
Iowa
Kansas
Minnesota ..
Missouri
Nebraska
North Dakota
South Dakota
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia .
West Virginia
..
...
....
;
. . .
Southwest
Arizona
New Mexico
Oklahoma
Texas
Rocky Mountains
Colorado
Idaho
Montana
Utah
Wyoming
Far West
California
Nevada
Oregon
Washington
Alaska
Hawaii
Puerto Rico
Other territories
and offshore *
Foreign 2
2
15
4
-6
2
5
5
*Less than 0.5 percent (±).
1. Consists of the Virgin Islands, Guam, American Samoa, U.S. offshore oil and gas sites, and all other U.S. territories and
2. Consists of employees of U.S. affiliates working abroad.
SURVEY OF CURRENT BUSINESS
29
Table 4.—Total Employment and Assets of U.S. Affiliates: Percent of Universe Estimate
Accounted for by the Sample, 1982, by Industry of Affiliate and by Country of Ultimate
Beneficial Owner
computed only for smaller affiliates
and only for two industry groups—agriculture, forestry, and real estate,
and all other. Separate ratios are
computed for the former group because a large percentage of the new
nonsample affiliates are in it and relationships among items for affiliates
in the group often differ significantly
from those for affiliates in other industries.
The procedure just described is not
used where other available information indicates that application of a
ratio would not produce meaningful
estimates. In these cases, the procedure used varies depending on the
item being estimated. For example,
most new nonsample affiliates are
small and do not engage in international trade. Thus, their exports and
imports are assumed to be zero and
are not estimated using the ratio procedure.
December 1984
Total assets
Employment
AH industries, all countries
Percent
Universe
estimate accounted
for by
(number of
employees)
sample
Universe
estimate
(millions
of dollars)
Percent
accounted
for by
sample
2,435,143
91.9
472,989
93.5
38,927
122,865
1,238,884
125,822
390,088
103,807
286,266
332,901
279,602
389,992
24,607
70,640
25,152
244,474
93.2
96.8
92.7
93.2
98.6
85.4
90.1
90.1
89.6
94.1
95.9
98.7
81.9
83.1
13,885
59,952
129,505
12,446
51,444
12,165
24,249
29,201
93,324
14,794
51,611
47,974
40,226
21,718
96.3
97.2
94.6
94.6
98.9
88.1
91.4
92.6
94.2
94.3
98.3
99.1
73.0
84.8
457,989
1,626,478
92.5
92.7
91,786
259,229
93.8
93.7
191,428
350,987
222,974
535,855
173,232
138,935
52,269
79,656
28,923
16,425
34,468
88.7
93.4
96.0
94.7
88.6
89.1
92.6
75.6
91.6
82.1
98.0
33,135
37,950
47,854
79,683
39,084
35,615
43,063
14,529
17,553
4,194
7,020
89.6
92.3
96.5
95.7
94.1
93.9
98.8
80.0
90.6
67.1
95.7
By industry
Mining
Petroleum
Manufacturing
Food and kindred products
Chemicals and allied products
Primary and fabricated metals
Machinery
Other manufacturing ...
Wholesale trade
Retail trade
Finance, except banking
Insurance
Real estate ..
Other industries
By country
Canada
Europe
Of which:
France
Germany
Netherlands
United Kingdom
Switzerland
Japan
Australia, New Zealand, and South Africa
Latin America
Middle East
Other Africa, Asia, and Pacific
United States
investments in the United States
(BE-13). Although the BE-15 survey
covers many items not covered in the
BE-13, both cover five key itemstotal assets, sales, net income, employment, and land owned. For these
items, the universe estimates include
the BE-13 data, as reported, for nonsample affiliates. For items covered
by the BE-15 survey but not by the
BE-13, estimates are computed as the
product of two factors: (1) the one of
the five BE-13 items of the new affiliate that is most closely related to the
BE-15 survey item being estimated
and (2) the ratio of the item being estimated to the item in (1), as reported
in the BE-15 survey by affiliates that
are in the same industry group as the
new affiliate and that have total
assets, sales, or net income of less
than $50 million.
Because most of the new nonsample
affiliates are small, the ratios are
Sample coverage
Table 4 shows, for both employment
and total assets, the percentage of the
1982 universe estimates accounted for
by the 1982 sample data. At the allindustries, all-countries level, coverage is 91.9 percent for employment
and 93.5 percent for total assets. Coverage falls significantly below these
averages only in industry and country
cells where affiliates tend to be of
small average size (for example, in
real estate and "other industries/'
and in Latin America and "other
Africa, Asia, and Pacific").
Tables 5-15 follow.
30
SURVEY OF CURRENT BUSINESS
December 1984
Table 5.—Selected Data of Nonbank U.S. Affiliates, 1981, by Industry of Affiliate
All industries
Total
assets
Sales
Millions of dollars
Thousands of acres
Millions of dollars
Net
income
Employee
compensation
Number of
employees
Land
owned
Mineral
rights
owned
and
leased
Gross
book
value of
property,
plant,
and
equipment
ExpendiU.S.
tures for
exports
new
shipped
plant
by affiliand
ates
equipment
U.S.
imports
shipped
to affiliates
82,259
406,985
510,218
11,234
54,798
2,416,565
13,259
67,193
187,956
26,716
64,066
Mining
12,167
4,924
549
1,347
40,352
(D)
4,590
9,444
993
953
71
Petroleum
55,982
69,668
4,356
3,816
127,699
(D)
45,189
49,665
6,885
1,894
10,040
13,226
Manufacturing . .
122,959
139,439
4,069
32,577
1,300,003
6,168
13,737
74,230
9,390
13,590
Food and kindred products
12,632
14,292
1,532
2,419
127,854
67
(*)
3,905
485
724
1,460
Chemicals and allied products
50,120
54,661
1,880
11,646
413,916
890
(D)
37,735
4,267
5,105
3,463
37,024
2,829
3,079
5,587
1,600
39,656
2,862
4,166
6,106
1,871
1,295
19
136
(°)
(D)
8,156
843
836
(D)
(°)
255,742
32,396
30,473
(DD)
()
(D)
11
4
(DD)
()
(D)
0
0
(D)
(°)
29,564
1,783
1,245
4,348
796
3,171
243
140
622
91
4,222
298
189
275
121
2,851
167
134
(DD)
()
Primary and fabricated metals
11,720
14,113
282
2,919
111,307
74
(D)
7,148
1,048
1,171
1,767
Primary metal industries
Fabricated metal products
9,205
2,515
11,252
2,860
211
71
2,115
804
76,132
35,175
71
4
(D)
0
6,042
1,106
913
134
935
236
1,519
248
21,868
24,945
240
7,285
301,206
176
1,548
3,734
3,421
12,315
12,630
-73
313
3,553
3,732
137,555
163,651
(DD)
()
(°)
(D0)
8,830
12,041
9,827
4,614
4,217
556
993
2,187
1,547
1,631
1,789
26,619
31,429
135
8,308
345,720
4,961
315
16,610
2,043
2,856
3,115
1,727
494
6,360
2,738
1,455
5,155
5,565
1,602
1,523
2,431
544
6,344
3,496
2,127
4,616
8,067
2,010
1,794
-3
-3
266
43
-4
-76
-102
-46
59
655
102
1,629
953
534
1,093
2,243
574
526
43,059
6,643
52,860
43,904
28,387
42,389
72,840
27,777
27,861
11
(D)
4,754
8
4
116
28
2
(D)
0
(*)
(DD)
()
(*)
36
0
0
(*)
893
226
5,924
1,297
878
3,798
2,386
521
685
105
31
764
184
110
319
358
80
92
84
95
672
83
81
112
1,323
242
164
116
144
592
287
192
104
1,168
305
206
77,424
222,510
951
5,806
253,972
352
(D)
10,832
2,714
46,487
57,908
11,530
37,136
15,814
7,147
5,795
39,289
63,121
63,946
41,701
14,453
503
285
17
98
47
1,244
1,112
2,110
621
719
52,092
42,025
95,652
28,889
35,314
8
25
182
(°)
(D)
(*)
214
(DD)
(D)
()
2,804
1,865
2,709
1,544
1,911
585
252
634
311
932
3,333
15,968
2,879
23,017
1,290
20,249
14,671
12,188
5,508
5,292
11,351
27,549
310
4,345
343,981
9
(*)
6,290
730
541
791
3,557
2,733
341
389
15
526
71
719
49
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Agricultural chemicals
Other
Machinery
Machinery, except electrical
Electric and electronic equipment
Other manufacturing
Textile products and apparel ..
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Rubber and plastics products ..
Stone, clay, and glass products
Transportation equipment
Instruments and related products
Other
Wholesale trade
Motor vehicles and equipment
Metals and minerals, except petroleum
Other durable goods
Farm product raw materials
Other nondurable goods
Retail trade
5,350
6,001
18,683
8,865
17
292
2,794
1,551
217,768
126,213
4
4
0
(*)
Finance, except banking
37,267
5,535
306
688
18,093
3
(D)
634
218
151
Insurance
41,631
20,296
740
1,309
67,905
17
0
1,462
271
3
1
Real estate
31,269
5,637
65
570
28,701
2,388
97
26,277
4,298
(*)
(*)
Other industries
16,934
14,660
4,343
235,859
2,862
(D)
9,123
1,216
446
173
2,046
148
6,469
2,512
245
5,514
736
29
6,379
2,707
145
4,663
154
3
1,521
920
44
1,700
10,959
94
57,802
40,511
2,433
124,060
1,409
1,286
37
103
(*)
26
(D)
21
(DD)
()
2
(D)
1,628
130
1,911
1,893
137
3,424
156
16
299
147
56
541
60
4
315
4
3
59
(D)
(*)
50
13
(D)
67
Food stores and eating and drinking places.
Retail trade, nee
Agriculture
Forestry and fishing
Construction
Transportation
Communication and public utilities
Services
D
Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000 (±) or 500 acres.
-111
-76
-2
27
36
-19
-23
SURVEY OF CURRENT BUSINESS
December 1984
31
Table 6.—Selected Data of Nonbank U.S. Affiliates, 1982, by Industry of Affiliate
Total
assets
AH industries
Mining
Petroleum
Manufacturing
Food and kindred products
Chemicals and allied products
472,989
13,885
Sales
515,722
5,928
Millions of dollars
Thousands of acres
Millions of dollars
Net
income
4,332
247
Employee
compensation
62,013
1,507
Number of
employees
2,435,143
Land
owned
14,164
D
38,927
( )
D
Mineral
rights
owned
and
leased
Gross
book
value of
property,
plant,
and
equipment
73,951
223,265
28,835
59,744
11,748
868
1,234
132
1,497
8,415
12,593
4,492
ExpendiU.S.
tures for
new
exports
plant
shipped
and
equip- affiliates
ment
U.S.
imports
shipped
affiliates
84,831
59,952
72,228
3,537
4,299
122,865
( )
51,545
57,680
6,780
129,505
141,219
195
34,321
1,238,884
6,286
14,161
84^76
9,584
13,170
125,822
77
604
1,396
12,446
14,942
468
2,568
4,421
539
D
4,394
4,831
2,813
2
51,444
54,264
1,129
12,197
390,088
925
()
42,638
38,308
3,162
3,355
5,659
960
39,828
3,014
4,654
5,689
1,079
739
70
148
(DD)
()
8,715
1,010
899
(DD)
()
241,479
36,642
30,582
(DD)
()
757
13
(D)
(DD)
()
(D)
0
0
(D)
5
33,895
1,996
1,335
4,924
489
3,438
206
157
533
60
4,008
277
227
266
52
2,152
228
128
229
77
Primary and fabricated metals
12,165
13,442
-247
2,983
103,807
74
(D)
8,035
924
1,169
1,472
Primary metal industries
Fabricated metal products
9,508
2,657
10,406
3,036
-307
60
2,078
905
69,800
34,007
70
4
D
()
0
6,735
1,300
772
151
893
276
1,254
218
24,249
25,796
-620
7,733
286,266
164
(D)
10,242
1,552
3,624
3,298
13,139
11,110
12,484
13,311
-687
67
3,818
3,916
130,272
155,994
148
16
(D)
0
5,383
4,859
570
983
1,938
1,686
1,468
1,830
29,201
32,775
534
8,840
332,901
5,046
320
19,040
2,175
2,942
3,614
1,613
554
7,132
2,988
1,429
5,404
6,789
1,691
1,600
2,208
569
6,254
3,763
2,098
4,944
9,002
2,018
1,920
69
-13
101
94
-13
-277
-355
111
-30
633
103
1,664
1,057
526
1,419
2,320
567
550
37,207
7,065
51,031
45,216
25,643
46,621
68,088
24,822
27,208
11
(D)
4,663
7
4
130
29
(D)
(D)
0
(')
D
(D)
( )
0
33
0
0
O
935
276
6,643
1,461
939
4,467
2,948
645
725
90
28
798
143
103
202
614
91
107
74
106
607
89
75
194
1,422
236
137
105
146
572
237
177
107
1,692
369
210
93,324
209,523
444
7,306
279,602
404
13,460
2,506
42,554
62,114
13,824
48,284
17,850
7,126
6,240
42,333
56,094
55,963
39,863
15,270
482
463
373
1,437
1,429
2,814
725
901
52,031
37,896
117,756
32,004
39,915
10
27
192
(DD)
()
3,730
2,017
3,684
1,740
2,289
1,065
208
766
220
247
3,307
13,361
2,610
21,735
1,540
20,825
17,802
13,118
5,781
4,588
14,794
31,633
402
5,307
389,992
10
O
7,698
1,060
627
1,020
5,572
9,222
18,846
12,788
140
262
2,858
2,449
211,913
178,079
4
6
0
O
3,637
4,062
449
612
12
615
57
963
51,611
7,980
294
1,135
24,607
15
(D)
1,130
305
133
(D)
D
Industrial chemicals and synthetics
Drugs
Soap, cleaners and toilet goods
Agricultural chemicals
Other
Machinery
Machinery, except electrical
Electric and electronic equipment .
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Rubber and plastics products
Stone, clay, and glass products
Transportation equipment . .
Instruments and related products
Other
Wholesale trade
Motor vehicles and equipment
Metals and minerals, except petroleum
Other durable goods
Farm product raw materials
Other nondurable goods
Retail trade
Food stores and eating and drinking places
Retail trade, nee
Finance, except banking
o
128
(D)
o
349
(DD)
(D)
()
Insurance
47,974
23,060
573
1,558
70,640
18
0
1,884
283
( )
1
Real estate
40,226
6,882
-486
483
25,152
2,566
98
32,841
5,575
(D)
4
Other industries
21,718
17,268
-378
6,098
244,474
3,055
(D)
12,448
1,874
522
(D)
2,474
155
7,533
2,965
1,654
6,938
905
37
7,212
3,144
417
5,552
107
2
-61
42
O
-169
188
3
1,558
1,273
130
2,946
12,058
96
51,158
50,102
6,849
124,211
1,505
1,328
39
104
52
27
3
21
(DD)
()
2
(D)
2,084
132
2,705
2,318
1,231
3,978
300
9
436
133
395
601
50
4
393
(DD)
()
67
3
O
89
13
(D)
49
Agriculture
Forestry and fishing
Construction
Transportation
Communication and public utilities
Services
D
Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000 (±) or 500 acres.
32
December 1984
SURVEY OF CURRENT BUSINESS
Table 7.—Selected Data of Nonbank U.S. Affiliates, 1981, by Country and Industry of Ultimate Beneficial Owner
All countries, all industries
Total
assets
Sales
406,985
510,218
11,234
Net
income
Millions of dollars
Thousands of acres
Millions of dollars
Employee
compensation
54,798
Number of
employees
Land
owned
Mineral
rights
owned
and
leased
Gross
book
value of
property,
plant,
and
equipment
Expenditures for
new
plant
and
equipment
U.S.
exports
shipped
by
affiliates
U.S.
imports
shipped
to
affiliates
187,956
26,716
64,066
82,259
2,416,565
13,259
67,193
By country
Canada
80,824
60,927
2,722
11,314
437,393
2,865
30,642
47,968
8,116
4,528
8,223
Europe
230,828
306,569
6,312
35,821
1,628,440
8,772
29,940
117,783
14,682
29,518
34,283
194,725
4,709
687
32,354
35,542
227
1,012
2,818
1,581
44,793
71,002
271,521
6,359
1,071
46,579
54,515
20
2,846
3,399
1,004
46,859
108,870
6,231
226
8
189
388
-1
-3
90
20
2,164
3,330
31,016
546
277
5,547
8,204
1
193
345
139
5,808
9,957
1,411,224
27,431
16,774
218,038
376,931
42
12,894
14,139
8,084
222,889
514,002
7,680
121
5
2,245
717
(DD)
( )
123
31
2,552
1,748
29,062
(D)
107,363
2,789
337
14,587
17,571
188
607
1,020
984
35,345
33,934
12,916
265
113
1,704
2,658
47
166
102
102
3,650
4,108
25,161
221
92
11,832
5,305
0
498
1,013
198
2,319
3,682
28,995
478
(D)
4,359
8,667
3
(D)
767
257
5,427
8,814
36,103
667
526
463
559
122
4,758
28,679
329
35,048
290
199
434
509
102
8,329
24,615
572
80
6
-2
19
-18
(*)
35
89
2
4,805
33
39
85
95
10
1,024
3,481
38
217,216
1,878
1,962
3,719
4,998
511
48,488
153,542
2,118
1,092
27
1
73
7
100
8
875
1
878
0
0
0
(D)
0
10,419
266
280
268
225
62
1,440
7,803
75
1,765
(D)
155
47
38
7
315
1,056
(D)
4,357
29
5
(D)
25
(*)
399
3,769
(D)
5,288
131
47
131
106
37
2,122
2,303
411
32,395
101,541
796
2,817
138,093
107
2
6,803
1,254
22,659
33,285
207
1,165
3,073
372
5,571
1,108
European Communities (10)
Belgium
Denmark
France
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands
United Kingdom
Other Europe
Austria
Finland
Liechtenstein
Norway
Spain
Sweden
Switzerland
Other
...
... .
... .
Japan
Australia, New Zealand, and South Africa
Latin America ..
30,265
19,712
723
1,301
49,371
3,137
1,962
(D)
(DD)
( )
(°)
3,805
(°)
842
0
D
( )
3,376
D
1,118
1,679
74,670
547
4,549
48
1
-14
-40
98
10
-5
491
5
8
111
285
22
60
22,154
295
335
5,466
11,825
1,406
2,827
352
32
9
138
26
86
61
7
0
0
1
2
5
0
2,209
99
26
471
911
402
300
280
15
3
55
135
48
25
584
7
82
118
186
10
183
880
(D)
62
343
326
(D)
99
4,803
1,222
(DD)
( )
213
12
394
65
8
323
-2
(*)
1,188
201
(DD)
( )
28
5
52,516
14,075
(D)
(D)
1,556
161
195
43
10
114
26
2
4,541
1
(D)
(D)
5
0
3,362
536
346
2,325
143
12
829
136
37
630
21
5
(D)
80
27
(Db)
( )
2
237
88
(DD)
( )
2
2
13,509
635
12,874
4,585
882
6,990
212
205
4,515
422
4,093
1,037
776
2,148
33
99
-12
26
-38
-5
7
-41
(*)
1
999
32
967
(DD)
( )
318
3
5
35,118
1,521
33,597
12,934
9,425
10,529
209
500
314
7
307
D
( )
19
(D)
881
(DD)
(D)
(D)
( )
9
0
0
3,998
65
3,933
1,632
548
1,407
194
150
779
7
771
370
94
233
60
14
1,126
248
879
(D)
(DD)
( )
0
10
228
(DD)
( )
0
3
(D)
0
0
Other Africa, Asia, and Pacific
Other Africa
Other Asia and Pacific . . . .
Hong Kong
Philippines
South Korea
Other
3,653
131
3,522
1,633
286
1,154
448
3,215
34
3,181
1,133
624
1,156
268
37
(D)
(D)
-28
-1
-22
(D)
291
6
285
177
36
34
39
16,620
493
16,127
10,094
(DD)
( )
2,781
418
32
385
351
4
(*)
30
(°)
0
(DD)
( )
0
0
1,746
70
1,676
1,175
156
72
273
298
10
287
254
7
6
20
477
1
476
149
75
209
43
1,468
4
1,464
305
(D)
650
(D)
United States
6,092
4,376
289
576
36,860
30
12,727
4,479
-34
771
25,895
17,085
53,465
55,691
790
34,029
2,966
112,006
4,117
22,099
12,281
28,348
47,071
14,009
3,028
10,442
56,927
57,256
2,147
21,235
4,885
143,088
7,342
101,193
42,887
37,303
19,003
3,211
3,299
-13
778
4,304
-11
525
-2
3,495
63
442
182
864
572
54
-19
2,429
7,115
3,832
90
1,833
959
25,400
1,231
3,314
379
5,629
1,405
445
737
72,551
376,242
127,887
6,697
66,499
39,595
1,045,523
60,496
193,473
14,316
268,056
66,271
20,447
58,512
9,419
9,362
South and Central America
Argentina
Brazil
Mexico
Panama
Venezuela
Other
4,174
177
132
840
1,872
638
515
4,560
85
485
801
1,520
1,073
596
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
U.K. Islands, Caribbean
Other
5,246
933
669
3,416
212
16
Middle East
Israel
Other
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates. .
Other
.
...
Addendum— OPEC 1
441
6
( )
1,014
108
179
278
378
(*)
(D)
(D)
3,833
735
717
91
504
5,083
936
(D)
277
24
2,384
117
94
91
2,101
(D)
353
12
2,859
2,720
41,721
(*)
4,699
(*)
(D)
866
(D)
16
2,634
(D)
2
(D)
8,232
27,461
48,807
416
6,410
1,176
58,784
2,310
4,896
333
14,164
2,909
11,288
771
1,257
4,083
6,146
101
776
109
7,336
437
656
69
2,894
526
2,195
131
2,235
9,995
1,808
(D)
(D)
116
11,970
494
23,822
(D)
7,692
167
0
309
1,725
4,468
9,153
308
3,979
40
34,357
546
24,666
(D)
2,163
169
2
By industry
Government
Individuals, estates, and trusts
Petroleum
Agriculture
Mining .. .
Construction
Manufacturing .
Transportation, communication, and public utilities
Wholesale and retail trade
Banking
Holding companies
Other finance and insurance
Real estate
Services
D
(D)
Suppressed to avoid disclosure of data of individual companies.
*Less than $500,000 (±) or 500 acres.
1. OPEC is the Organization of Petroleum Exporting Countries. Its members are Algeria, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, Venezuela, and the
United Arab Emirates.
SURVEY OF CURRENT BUSINESS
December 1984
33
Table 8.—Selected Data of Nonbank U.S. Affiliates, 1982, by Country and Industry of Ultimate Beneficial Owner
Millions of dollars
All countries, all industries
Millions of dollars
Thousands of acres
Total
assets
Sales
472,989
515,722
4,332
Net
income
Employee
compensation
62,013
Number of
employees
Land
owned
Mineral
rights
owned
and
leased
2,435,143
14,164
73,951
Gross
book
value of
property,
plant,
and
equipment
223,265
ExpendiU.S.
tures for
exports
new
shipped
plant
by
and
equip- affiliates
ment
U.S.
imports
shipped
to
affiliates
59,744
84,831
28,835
By country
Canada
91,786
64,934
-490
13,396
457,989
2,943
32,066
57,04X0
7,763
4,262
6,179
Europe
259,229
302,216
3,479
39,595
1,626,478
9,157
35,011
136,293
15,448
27,119
32,321
210,277
4,762
785
33,135
37,950
241
1,209
3,645
1,012
47,854
79,683
261,256
6,119
1,051
43,413
53,031
26
(D)
3,345
(D)
47,505
101,326
3,761
151
-14
374
-137
-18
-11
113
-15
1,695
2,597
33,531
589
299
5,280
8,480
1
209
374
195
6,167
11,937
1,382,848
29,350
17,074
191,428
350,987
46
13,014
14,448
7,672
222,974
535,855
6,321
123
5
581
764
(D)
(D)
122
24
2,485
2,081
34,021
(D)
(*)
2,109
1,791
0
1
(D)
19
(D)
,9,381
122,662
3,064
445
15,005
19,913
210
690
1,751
506
38,951
42,127
13,876
264
128
1,624
2,278
43
165
197
61
3,546
5,569
23,164
150
42
11,021
4,750
0
2
1,133
170
2,259
3,637
27,402
583
260
3,878
8,312
(DD)
()
588
310
5,190
8,243
48,952
810
494
1,369
613
616
5,634
39,084
333
40,961
393
206
1,165
610
528
9,748
27,741
570-
-282
13
-55
34
-48
-13
-48
-66
-6
6,064
67
55
(D)
129
108
1,163
4,114
(D)
243,630
2,678
1,824
10,302
3,926
4,351
45,221
173,232
2,096
2,836
30
1
(D)
990
(D)
0
0
16
(D)
(D)
330
0
13,631
383
267
984
270
420
1,961
9,262
83
1,572
76
37
81
20
65
357
924
12
3,955
92
8
87
29
(D)
329
3,294
(D)
4,918
155
36
95
117
41
1,913
2,164
397
Japan
35,615
106,644
456
3,229
138,935
105
2
8,664
1,830
22,250
36,145
Australia, New Zealand, and South Africa
43,063
16,165
630
1,715
52,269
194
924
3,786
472
(D)
(D)
Latin America
14,529
11,689
-53
2,174
79,656
932
4,289
7,186
1,386
(D)
(D)
5,143
200
204
999
2,525
687
528
4,726
101
394
877
1,820
1,032
502
-73
2
-4
39
-7
-19
573
4
9
118
361
23
58
21,674
258
346
4,535
12,753
1,398
2,384
688
32
8
145
(D)
92
(D)
7
0
0
1
2
5
0
2,919
104
30
576
1,409
461
340
506
13
5
112
280
66
30
493
6
137
77
145
9
118
981
(D)
73
466
304
12
(D)
9,386
1,108
1,269
4,557
2,434
18
6,963
1,257
1,416
3,619
658
12
20
20
-38
75
5
-1
1,601
187
(D)
(D)
247
5
57,982
13,563
(D)
(D)
6,451
159
244
42
56
117
26
3
4,281
(*)
4,066
210
5
0
4,267
687
549
2,798
219
14
880
98
95
653
28
5
(D)
85
27
(D)
4
2
(D)
87
82
(D)
1
2
17,553
906
16,647
7,004
981
7,880
475
306
5,508
409
5,099
1,510
672
2,787
66
65
-60
43
-103
20
-17
-64
2
1
902
42
860
389
121
342
3
5
28,923
1,873
27,050
10,171
5,079
11,055
220
525
379
2
377
(D)
20
(D)
2
5
1,620
0
1,620
1,579
(D)
(D)
0
0
7,069
51
7,018
4,013
560
1,803
425
217
1,440
7
1,432
847
78
274
172
61
1,336
272
1,064
(DD)
( D)
()
0
9
523
(DD)
()
4
2
(D)
0
0
4,194
103
4,092
2,104
323
1,137
528
3,537
34
3,503
1,318
529
1,300
356
-54
-6
-49
(*)
(*)
35
-13
374
6
368
220
53
36
59
16,425
353
16,072
9,854
1,747
1,481
2,990
422
33
389
352
5
(*)
32
(DD)
()
12
0
0
(D)
33
2,061
88
1,973
1,334
207
80
352
367
15
352
275
25
8
44
530
529
161
26
304
38
1,379
4
1,375
335
(D)
638
(D)
European Communities (10)
Belgium
Denmark
France
Germany
Greece
Ireland
Italy
Luxembourg
Netherlands
United Kingdom
Other Europe
Austria
Finland
Liechtenstein
Norway
Spain
Sweden
Switzerland
Other
South and Central America
Argentina
Brazil
Mexico
Panama
Venezuela
Other
. .
Other Western Hemisphere
Bahamas
Bermuda
Netherlands Antilles
U.K. Islands, Caribbean
Other
Middle East
Israel
Other
Kuwait
Lebanon
Saudi Arabia
United Arab Emirates
Other
Other Africa, Asia, and Pacific ....
Other Africa
Other Asia and Pacific
Hong Kong
Philippines
South Korea
Other
United States
Addendum—OPEC l
g
173
9
(D)
7,020
5,029
425
629
34,468
31
6
1,167
129
246
132
16,315
5,530
-92
771
23,621
454
1,593
6,858
1,381
873
(D)
22,975
60,60?r
58,61,
81'
46,40o
3,308
118,155
6,367
24,675
15,120
33,601
60,324
18,263
3,770
13,795
61,835
55,016
2,560
16,458
5,452
144,978
8,499
104,368
33,441
40,310
20,814
4,583
3,613
-363
166
3,575
-20
348
-43
408
71
446
35
-264
505
-348
-42
2,972
8,961
4,345
109
2,047
980
27,000
1,544
3,916
463
6,579
1,707
385
1,005
86,633
382,415
117,637
6,754
56,661
36,087
1,029,025
60,262
218,924
16,181
266,235
67,349
19,641
71,339
736
7,095
1,005
(D)
476
26
2,196
(D)
97
84
731
53
428
16
3,842
2,928
47,245
(*)
3,964
(*)
(D)
(DD)
( D)
()
2,686
(*)
2
(D)
13,311
32,983
55,903
365
6,746
1,332
66,993
3,834
6,022
606
16,125
3,722
14,111
1,213
1,884
4,216
6,011
58
683
113
7,757
884
1,125
95
2,315
692
2,806
197
2,610
9,008
1,863
(D)
2,780
107
11,422
450
22,912
(D)
7,364
88
(D)
291
2,615
4,245
7,847
(D)
(D)
69
32,403
(D)
26,351
388
2,322
138
(D)
216
By industry
Government
Individuals, estates, and trusts
Petroleum
Agriculture
Mining
Construction
Manufacturing
Transportation, communication and public utilities
Wholesale and retail trade
Banking
Holding companies
Other finance and insurance
Real estate
Services
D
Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000 (±) or 500 acres.
1. See footnote 1, table 7.
464-378 O - 85 - S-4
December 1984
SURVEY OF CURRENT BUSINESS
34
Table 9.—Employment of Nonbank U.S. Affiliates, 1981, Industry of Affiliate by Country of Ultimate Beneficial Owner
[Number of employees]
Europe
Of which—
All
countries
Canada
Total
France
Germany
2,416,565 437,393 1,628,440 218,038 376,931
All industries
Netherlands
United
Kingdom
222,889 514,002
Japan
Switzerland
Australia,
New
Latin
Zealand, Amerand
ica
South
Africa
153,542 138,093 49,371
Middle
East
Other
Africa,
Asia,
and
Pacific
United
States
74,670 35,118 16,620 36,860
Addendum —
OPEC1
25,895
.
40,352
9,415
26,266
(D)
(D)
(D)
(D)
585
(D)
(D)
(D)
(D)
(D)
0
0
Petroleum
127,699
10,274
111,155
6,793
1,652
(D)
(D)
(D)
249
(D)
4,801
(D)
0
(D)
27
121,936 236,295
96,116
47,726 23,610
4,293 18,432
1,594
Mining
Manufacturing
1,300,003 283,740
45,902
3,663
1,038
3,232
58,149
(D)
4,477
(D)
1,785
(D)
(D)
(D)
(D)
13,824 128,268
(D)
48,272
31,449
(D)
(D)
(D)
327
(D)
0
(D)
42,911
1,326
(DD)
(D)
( )
(D)
40
(D)
0
(D)
35,038
5,076
4,241
(DD)
( )
(D)
17,428
(D)
21
(D)
943
(DD)
(D)
(D)
( )
0
0
(D)
0
6
8
(DD)
(D)
( )
0
0
0
327
0
0
0
0
(D)
0
0
0
0
0
0
0
0
0
(D)
0
0
10,937
8,442
3,835
20,920
(D)
(D)
6,317
2,123
(D)
49
28
56
10,038
899
4,230
4,212
(D)
(D)
3,039
17,881
(D)
1,023
(D)
267
(DD)
( )
397
1,726
118
(D)
0
49
0
28
56
0
7,243
35,412
(D)
52,398
13,237
20,371
(D)
(D)
(D)
229
147
(D)
D
D
19
128
(D)
0
872,637 114,148 229,008
Food and kindred products
127,854
19,083
92,910
Chemicals and allied products
413,916
(D)
257,002
255,742
32,396
30,473
(DD)
( )
(DD)
( )
557
(D)
1,720
(D)
25,157
27,699
(D)
15,756
3,958
355
(D)
(DD)
( )
Primary and fabricated metals
111,307
23,015
71,144
Primary metal industries
Fabricated metal products
76,132
35,175
18,223
4,792
45,197
25,947
301,206
(D)
203,333
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Agricultural chemicals
Other
Machinery
Machinery, except electrical
Electric and electronic equipment
Other manufacturing
Textile products and apparel .
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Rubber and plastics products
Stone, clay, and glass products
Transportation equipment
Instruments and related products
Other
Wholesale trade
Motor vehicles and equipment
Metals and minerals, except petroleum
Other durable goods
Farm product raw materials
Other nondurable goods
Retail trade
Food stores and eating and drinking places
Retail trade, nee
Finance, except banking
Insurance
Real estate..
Other industries
Agriculture
Forestry and fishing
Construction
Transportation
Communication and public utilities
Services
D
.
137,555
163,651
17,617
(D)
93,222
110,111
3,234
4,009
17,819
17,593
7,932
(D)
32,988
19,410
5,674
7,563
12,111
8,260
( )
0
1,893
(D)
( )
0
65
164
345,720
60,801
248,248
78,491
55,848
27,109
56,556
10,930
12,714
5,100
6,369
43
(D)
(D)
339
43,059
6,643
52,860
43,904
28,387
42,389
72,840
27,777
27,861
4,689
1,422
7,933
27,970
(D)
7,441
678
(°)
641
20,360
3,963
43,319
12,299
19,533
33,447
71,230
21,666
22,431
421
(DD)
( )
123
281
21,041
42,521
980
(D)
3,812
3,082
(D)
3,313
6,887
3,657
(D)
8,290
(D)
(D)
0
(DD)
( )
2,439
38
367
(D)
(D)
12,412
0
4,542
7,820
7,483
5,392
466
7,118
11,323
1,087
62
(DD)
(D)
( )
1,566
(D)
3,263
962
5,030
(DD)
( )
566
684
893
(D)
2,276
(D)
0
(D)
D0
(D)
0
0
(DD)
( )
0
D0
0
(D)
0
8
0
0
0
D0
(D)
0
(DD)
(D)
(D )
( )
D0
()
10
(D)
0
0
95
0
(D)
0
0
( 0)
0
0
0
(DD)
( )
0
0
0
0
D
(D)
(D)
( 0)
0
(D)
()
(D)
253,972
28,036
144,084
30,197
40,258
4,408
36,966
11,491
63,130
9,377
3,041
2,358
()
(D)
(D)
52,092
42,025
95,652
28,889
35,314
(DD)
( )
4,896
(DD)
( )
38,252
16,009
45,882
24,776
19,165
(D)
693
2,166
(D)
1,370
19,998
3,778
9,386
95
7,001
(DD)
( )
982
266
834
5,230
7,787
16,558
604
6,787
103
143
4,101
(DD)
( )
12,051
5,344
39,777
3,668
2,290
(DD)
( )
1,013
0
225
117
668
(DD)
( )
887
(DD)
(D)
( )
0
22
339
44
725
(D)
1,302
0
0
22
0
(D)
(D)
343,981
40,365
272,558
(D)
72,916
32,093
94,438
16,184
3,903
4,223
12,528
(D)
( )
( )
(D)
D
(DD)
(D)
(D)
173,394
99,164
(D)
1,036
(D)
(°)
(°)
(D)
(D)
(D)
(D)
(D)
2,097
1,806
0
4,223
0
12,528
0
(D)
18,093
972
11,739
(D)
389
(D)
5,645
(D)
(D)
(D)
112
D
D
9,823
47,284
220
2,802
D
9,731
29,079
4,934
( )
( )
D
28,701
20,143
4,049
364
( )
1,110
1,349
530
947
( )
235,859
34,625
138,668
14,888
27,995
7,266
43,237
21,517
19,974
8,035
10,959
94
57,802
40,511
2,433
124,060
223
(D)
2,241
17,734
(D)
13,652
6,981
84
39,670
7,726
860
83,347
1,228
(D)
5,778
492
(D)
7,123
1,239
4
19,642
2,200
0
4,910
(DD)
2,007
0
3,515
574
0
15,421
416
0
(D)
7,160
(D)
10,624
0
0
(DD)
( )
D0
D
()
0
(D)
1,147
0
4,192
( )
8,665
1,750
(D)
30,462
()
0
22
D
37,167
3,198
67,905
0
0
D
217,768
126,213
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 7.
3,653
( )
5,124
()
0
(D)
20
1
D
( )
0
(D)
(D)
0
1,198
1,232
D
( )
42
1,247
(D) 22,810
3,702
(D)
17,360
(D)
0
(DD)
( )
0
3,492
(D)
4
(D)
830
0
868
8
0
0
116
0
(D)
285
0
(D)
58
0
(D)
1,168
(DD)
( )
1,206
0
3,822
SURVEY OF CURRENT BUSINESS
December 1984
35
Table 10.—Employment of Nonbank U.S. Affiliates, 1982, Industry of Affiliate by Country of Ultimate Beneficial Owner
[Number of employees]
Europe
Of which—
All
countries
AH industries
Mining
Petroleum
Manufacturing
Canada
2,435,143 457,989
Total
France
1,626,478 191,428 350,987
1,955
0
343
1,208
115,026 243,664
97,953
42,538 22,944 41,889
3,932
3,773
16,241
1,808
1,048
2,885
63,665
(D)
3,382
716
1,775
(D)
(D)
(D)
(D)
6,137 120,328
(D)
44,175
38,024
(D)
(D)
(D)
28
(D)
0
28
39,999
1,331
(DD)
(D)
( )
(D)
39
(D)
0
119
31,134
5,407
4,421
280
2,933
(DD)
( )
3,208
21
180
914
(D)
128
57
(D)
0
0
(D)
0
6
8
(D)
(DD)
( )
0
0
0
28
0
0
0
0
(D)
0
0
0
0
0
0
0
0
0
28
0
0
8,912
7,736
3,862
19,734
(D)
7,654
7,296
2,024
(D)
(D)
27
55
39,644
24,845
7,907
1,005
3,738
3,998
(D)
(D)
2,970
16,764
(D)
1,002
7,323
331
5,927
1,369
408
1,616
115
(D)
D0
()
0
27
55
0
186,624
7,917
29,569
(D)
52,073
13,420
(D)
(D)
(D)
736
225
(D)
(D)
D
( )
126
122
(D)
91,517 206,197
64,489
Primary metal industries
Fabricated metal products
69,800
34,007
16,383
4,670
286,266
42,204
2,784
130,272
155,994
24,147
18,057
80,615
106,009
3,871
4,046
13,443
16,126
4,816
(D)
31,589
20,484
6,488
6,932
9,435
(D)
( )
0
2,222
(D)
(DD)
( )
64
161
332,901
57,766
243,927
65,767
47,516
28,663
64,017
11,826
12,108
5,368
5,127
(D)
877
(D)
334
37,207
7,065
51,031
45,216
25,643
46,621
68,088
24,822
27,208
4,407
1,555
5,581
28,418
6,044
6,376
2,095
2,666
624
20,573
4,404
43,022
13,060
17,986
38,835
64,876
18,864
22,307
546
(DD)
( )
127
275
18,262
40,067
973
5,134
3,752
(D)
309
3,452
5,722
3,641
(D)
7,006
692
(D)
0
23,603
419
(D)
37
(DD)
(D)
( )
11,601
0
(D)
8,769
7,148
13,910
(D)
6,038
11,380
1,836
(D)
(D)
0
(D)
1,407
(D)
3,094
1,334
4,700
(DD)
()
526
844
669
(D)
1,904
(D)
0
258
0
(DD)
(D)
( )
0
(DD)
( )
(D)
0
0
(D)
241
0
0
(DD)
( )
0
24
(D)
8
0
(D)
0
0
10
10
(D)
0
0
93
0
(D)
0
2
(D)
0
(DD)
(D)
( )
0
D0
( 0)
0
0
0
(D)
93
(D)
0
0
0
279,602
32,093
156,430
31,899
45,301
4,269
41,824
12,688
69,427
9,363
(D)
3,367
2,328
(D)
3,387
52,031
37,896
117,756
32,004
39,915
(DD)
( )
10,913
298
12,319
36,204
15,726
54,961
27,670
21,869
8,534
604
1,881
(D)
(D)
16,607
3,335
18,064
113
7,182
252
(D)
1,198
354
(D)
6,604
8,643
17,708
662
8,207
100
33
3,788
(DD)
( )
13,419
5,618
44,136
3,807
2,447
(D)
7,451
925
0
(D)
118
(D)
3,944
(D)
701
(DD)
(D)
( )
0
21
292
(DD)
(D)
()
1,253
0
0
21
0
D
( )
(D)
0
(D)
0
21
389,992
66,367
289,489
(D)
63,438
40,837 112,515
13,794
3,946
7,908
11,947
(D)
5,099
(D)
0
211,913
178,079
46,700
19,667
158,158
131,331
(D)
1,009
54,930
8,508
(DD)
( )
(DD)
( )
7,965
5,829
2,064
1,882
0
7,908
0
11,947
0
(D)
(DD)
()
(DD)
( )
24,607
1,314
13,039
(D)
651
(D)
6,460
(D)
1,949
(D)
(D)
(D)
41
0
0
D
D
D
70,640
10,521
48,857
242
2,426
10,575
27,978
7,059
D
D
( )
( )
D
D
( )
0
9
1
D
( )
()
0
D
25,152
16,366
5,135
438
506
1,059
1,940
( )
( )
( )
985
377
( )
()
244,474
36,492
148,841
12,911
26,280
5,125
42,665
38,180
19,862
8,862
(D) 14,344
4,788
(D)
12,891
12,058
96
51,158
50,102
6,849
124,211
233
4
2,015
14,595
2,497
17,148
6,991
87
38,043
22,962
2,431
78,327
1,226
(D)
4,432
(D)
1,701
4,954
1,247
6
17,927
2,067
0
5,033
(D)
0
(D)
1,283
0
1,728
(DD)
( )
9,421
2,525
(D)
28,099
1,851
0
(DD)
( )
0
17,362
1,141
0
(D)
5,898
(D)
10,872
(DD)
(D)
(D)
0
0
1,051
(D)
0
1
317
(D)
389
(D)
0
0
7,360 3,938
(D)
4
(D)
,( D )
0
1,452
7
0
0
112
0
(D)
228
0
(D)
56
0
(D)
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 7.
3,781
832,338
21,053
D
103
1,238,884 275,229
103,807
Agriculture
Forestry and fishing
Construction
Transportation
Communication and public utilities
Services. . .
190
(D)
Primary and fabricated metals
Other industries
315
1,431
4,219
(D)
56
(D)
334
Real estate
0
(D)
6,128
(D)
28,942
28,210
(D)
7,659
Insurance
0
105,338
(D)
(DD)
( )
(D)
1,638
Finance, except banking
10
11,155
241,479
36,642
30,582
(DD)
( )
Food stores and eating and drinking places
Retail trade, nee
(D)
122,865
244,068
Retail trade
46
(D)
(D)
Motor vehicles and equipment
Metals and minerals, except petroleum
Other durable goods
Farm product raw materials
Other nondurable goods
23,621
(D)
(D)
390,088
Wholesale trade
79,656 28,923 16,425 34,468
Addendum —
OPEC1
52,269
4,757
Chemicals and allied products
Textile products and apparel
Lumber, wood, furniture, and fixtures ..
Paper and allied products
Printing and publishing
Rubber and plastics products
Stone, clay, and glass products
Transportation equipment
Instruments and related products
Other
United
States
3
(D)
93,230
Other manufacturing
Switzerland
Other
Africa,
Asia,
and
Pacific
428
27,011
(D)
Machinery, except electrical
Electric and electronic equipment
Japan
Middle
East
173,232 138,935
222,974 535,855
8,452
125,822
Machinery
Netherlands
United
Kingdom
38,927
Food and kindred products .
Industrial chemicals and synthetics
Drugs...
Soap, cleaners, and toilet goods
Agricultural chemicals
Other
Germany
Australia,
New
Latin
Zealand, America
and
South
Africa
D
( )
1,342
D
36
SURVEY OF CURRENT BUSINESS
December 1984
Table 11.—Total Assets of Nonbank U.S. Affiliates, 1981, Industry of Affiliate by Country of Ultimate Beneficial Owner
[Millions of dollars]
Europe
Of which—
All
countries
All industries
Canada
France
Germany
Netherlands
United
Kingdom
Total
Japan
Switzerland
Australia,
New
Latin
Zealand, America
and
South
Africa
Middle
East
Other
Africa,
Asia,
and
Pacific
United
States
9,419 13,509
Addendum —
OPEC1
12,727
406,985
80,824
230,828
32,354
35,542
44,793
71,002
28,679
3,653
6,092
Mining
12,167
1,950
9,420
(D)
819
(D)
(D)
(D)
5
(D)
6
(D)
(D)
(D)
0
Petroleum
55,982
5,480
47,131
(D)
541
(D)
20,354
227
1,231
(D)
1,652
(D)
(D)
(D)
212
122,959
39,195
71,071
10,643
18,844
9,460
17,288
8,293
4,926
(D)
3,175
288
252
(D)
168
140
(D)
(D)
D
Manufacturing
Food and kindred products
Chemicals and allied products
Industrial chemicals and synthetics
Drugs
Soap, cleaners, and toilet goods
Agricultural chemicals
Other
Primary and fabricated metals
Primary metal industries
Fabricated metal products
Machinery
Machinery, except electrical
Electric and electronic equipment
Other manufacturing
Textile products and apparel
Lumber, wood, furniture, and fixtures
Paper and allied products
Printing and publishing
Rubber and plastics products
Stone, clay, and glass products
Transportation equipment
Instruments and related products
Other
Wholesale trade
Motor vehicles and equipment
Metals and minerals, except petroleum
Other durable goods
Farm product raw materials
Other nondurable goods
Retail trade
Food stores and eating and drinking places
Retail trade, nee
Finance, except banking
. ,
D
D
32,395 30,265
D
12,632
D
( )
( )
50,120
D
( )
D
( )
1,899
11,474
3,118
5,930
3,434
( )
37,024
2,829
3,079
5,587
1,600
(DD)
( )
35
(D)
102
(D)
2,366
2,943
(D)
1,494
(D)
38
(DD)
(D)
()
5,613
110
479
(DD)
( )
(D)
13
(D)
0
(D)
4,815
341
482
(DD)
( )
(D)
1,793
(D)
2
(D)
285
(DD)
(D)
(D)
( )
11,720
2,525
6,824
1,062
719
(D)
1,508
(D)
(DD)
()
220
1,288
D
( )
78
525
106
148
3,450
( )
( )
6
193
D
( )
19
D
( )
15
( )
0
3
0
0
(D)
0
(D)
1
(D)
5
(D)
0
0
0
15
0
0
0
D0
( 0)
0
0
0
0
0
0
0
(D)
(D)
207
124
3
1
4
D
( )
34
(D)
52
(DD)
( )
(DD)
( )
0
3
0
1
4
0
D
0
0
0
9,205
2,515
2,115
410
5,015
1,810
1,016
46
467
252
21,868
3,538
12,374
414
2,875
(D)
3,192
928
1,578
(D)
(D)
(D)
12
15
4
12,041
9,827
(DD)
( )
6,112
6,263
166
247
1,324
1,551
391
(D)
2,084
1,108
418
510
1,113
464
(D)
0
104
(D)
(D)
0
6
6
(DD)
( )
4
0
26,619
4,965
19,268
6,743
3,670
3,015
3,208
884
1,197
347
(D)
4
(D)
557
(D)
(DD)
(D)
D
D
D
1,727
494
6,360
2,738
1,455
5,155
5,565
1,602
1,523
247
122
(D)
1,706
182
(DD)
(D)
()
23
829
292
5,073
789
1,189
3,342
5,378
1,166
1,211
( )
8
27
2,007
3,489
55
(D)
170
(D)
51
288
402
401
(D)
479
140
()
0
(D)
49
(D)
4
32
(DD)
( )
424
0
(D)
394
504
351
26
(D)
489
66
2
(DD)
(D)
(D)
(D)
( )
232
47
180
(DD)
()
28
41
(DD)
( )
170
(D)
0
(D)
0
(D)
26
(D)
0
0
(D)
( )
0
0
11
(D)
0
0
27
(D)
0
2
0
(*)
0
0
0
0
2
1
(D)
0
0
2
0
16
0
0
( )
0
(DD)
(D)
(D)
( )
0
(D)
0
0
0
0
(D)
2
0
0
0
0
77,424
(D)
24,067
5,023
6,447
719
5,931
2,107
21,416
(D)
780
451
1,282
184
(D)
11,530
37,136
15,814
7,147
5,795
D
( )
1,351
766
60
2,102
5,887
(D)
6,675
(D)
2,167
( )
241
312
(D)
291
2,778
1,162
1,864
(DD)
( )
20
(D)
111
(D)
135
595
1,931
2,225
573
607
1
66
653
1,267
121
5,230
6,128
7,235
.2,277
547
(DD)
(D)
54
(D)
189
52
(D)
( )
0
5
231
(D)
530
(D)
439
0
(D)
( )
0
109
(DD)
(D)
0
0
(D)
0
5
11,351
1,001
9,110
(D)
1,948
1,049
4,262
314
184
117
531
(D)
296
4,329
4,780
D
1,849
99
(DD)
(DD)
(DD)
0
(D)
(DD)
5,350
6,001
37,267
823
178
(D)
26,029
D
( )
60
6,923
657
( )
1,389
( )
5,545
( )
D
( )
D
83
101
2,457
0
117
D
( )
D
0
531
384
D
5,640
( )
144
0
(D)
(D)
(D3)
(D)
D
(D)
( )
D
0
(D)
Insurance
41,631
11,079
25,487
268
3,370
5,108
11,310
( )
312
( )
( )
0
1
( )
0
Real estate
31,269
13,620
10,324
599
1,488
2,841
2,604
992
851
(D)
(D)
2,906
1,280
(D)
2,960
Other industries
16,934
2,550
8,190
2,389
1,428
(D)
(D)
1,059
1,013
197
630
3,932
352
70
(D)
D
102
0
(D)
Agriculture
Forestry and fishing
Construction
Transportation
Communication and public utilities
Services
D
2,046
148
6,469
2,512
245
5,514
Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000.
1. See footnote 1, table 7.
D
( )
9
(D)
1,378
(D)
588
1,330
124
2,555
573
68
3,541
162
(D)
1,198
48
(D)
941
355
31
649
93
0
299
32
0
199
(D)
1
526
200
28
302
167
(D)
934
432
7
146
108
0
367
46
0
(D)
208
(D)
640
10
(DD)
( )
0
100
317
3
(D)
(D)
0
218
70
0
(D)
(D)
0
(D)
D
( )
11
(D)
46
0
96
( )
0
0
7
D0
()
0
219
SURVEY OF CURRENT BUSINESS
December 1984
37
Table 12.—Total Assets of Nonbank U.S. Affiliates, 1982, Industry of Affiliate by Country of Ultimate Beneficial Owner
[Millions of dollars]
Eur<spe
Aus-
countries
Canada
Total
France
Germany
Netherlands
OtVio-r
New
(}f whichUnited
Kingdom
Japan
Switzerland
land,
and
South
Africa
35,615 43,063
Africa,
Asia,
and
Pacific
U 'j.
ed
States
14,529 17,553
America
die
East
A J J__
dum —
OPEC1
472,989
91,786
259,229
33,135
37,950
47854
79,683
39,084
4,194
7,020
Mining
13,885
2,877
10,217
(D)
1,229
(D)
(D)
(D)
5
(D)
10
(D)
3
15
0
Petroleum
59,952
5,979
49,927
1,110
601
(°)
21,173
303
830
197
2,411
(D)
25
(D)
509
129,505
40,237
74,955
9,865
19,625
9,603
19,331
8,520
5,410
(D)
3,709
369
259
(D)
195
()
147
(D)
(D)
D
AH industries
Manufacturing
D
462
109
130
4,048
D
404
90
212
D
16,315
Food and kindred products
12,446
()
(D)
Chemicals and allied products
51,444
(D)
(D)
1336
11631
3112
6,112
3,808
443
22
()
3
()
0
3
(°)
(D)
(D)
(D)
5594
(D)
4,913
(D)
280
0
1
0
0
0
0
(D)
0
0
3
0
0
Industrial chemicals and synthetics
Drugs
Soap cleaners and toilet goods
Agricultural chemicals
38,308
3162
3355
5659
()
D
(D)
(D)
224
2
19
(D)
49
(D)
0
(D)
(D)
5
(D)
0
0
0
3
0
0
o
960
110
846
g
(D)
37
20
380
499
59
261
Primary and fabricated metals
12165
2809
6728
1047
709
514
1523
(D)
1332
923
229
132
12
1
5
Primary metal industries
Fabricated metal products
9508
2,657
2375
4888
1,840
992
55
457
252
(D)
227
(D)
87
142
o
1,296
832
91
(D)
(D)
(DD)
5
0
Machinery
Machinery except electrical
Electric and electronic equipment
Other manufacturing...
Textile products and apparel
Lumber, wood, furniture and fixtures
Paper and allied products
Printing and publishing
Rubber and plastics products
Stone, clay, and glass products
Transportation equipment
Instruments and related products
Other
Wholesale trade
Motor vehicles and equipment
Metals and minerals, except petroleum
Other durable goods
Farm product raw materials
Other nondurable goods
Retail trade
Food stores and eating and drinking places
Retail trade, nee
(D)
2667
3216
(°)
(D)
14
102
622
(D)
(D)
(D)
o
(D)
0
o
o
0
o
(°)
0
12
587
3198
2 551
3436
1016
1714
()
(D)
(D)
13
6105
6,885
(D)
501
515
(D)
0
(°)
6
7
(D)
(D)
227
(D)
(D)
(D)
2065
1371
(D)
294
1308
1889
12
4
(D)
4,841
21,667
6,434
3,979
3296
4212
981
1,517
366
(D)
94
(D)
467
17
194
132
778
920
331
30
461
(D)
5,667
o
(D)
(D)
(D)
140
(DD)
()
29
71
31
0
18
11
(D)
175
196
48
(D)
o
()
0
0
(D)
(D)
(D)
(D)
9
0
0
12
D
()
(*)
0'
(D)
1
(D)
0
0
2
0
17
0
1
434
24249
4377
12990
13 139
11 110
3 100
1278
29201
1,613
554
(°)
(D)
7,132
2988
1,429
5404
6789
1691
1600
1398
93324
(D)
25042
4944
(°)
6336
1617
1816
181
(D)
204
(D)
897
1,146
3892
6334
1 185
1296
28
1896
4032
58
359
(D)
383
407
(D)
488
51
7 040
13824
48284
17 850
7126
6240
1 156
1 318
(D)
(D)
7 625
269
(D)
(D)
2097
2 512
306
43
652
14 794
2 162
11 075
(D)
2 290
5,572
9222
989
4,399
6676
(D)
70
(D)
(D)
36,420
8398
733
62
1 173
3 152
848
2 345
o
36
(D)
4
33
523
488
1001
32
82
85
o
79
(D)
(D)
()
(D)
(D)
(D)
5
538
230
90
210
6323
2 155
23648
649
1
10
611
654
20
(D)
160
76
(D)
1 514
(D)
(D)
(D)
D
o
D
((D))
D
( )
D
o
D
o
(D)
0
2
969
492
()
D
1
(D)
D
()
0
(DD)
(D)
()
0
D0
(»)
0
0
D0
()
0
2
(D)
0
0
0
1,313
(D)
402
0
(D)
0
(D)
0
5
53
()
(D)
(D)
254
72
(°)
(D)
()
493
790
1306
6953
6027
7 770
2360
538
146
o
277
124
o
(D)
5
(D)
479
4
0
(D)
(D)
313
218
262
595
(D)
359
(D)
0
(°)
(D)
80
233
83
135
0
262
0
595
D0
()
(DD)
( )
(D)
3
0
0
6631
(D)
2,719
(D)
2,428
6,299
250
(D)
(D)
1 744
2646
227
(D)
(D)
79
o
Finance, except banking
51,611
(D)
Insurance
47 974
13 148
28 839
310
3 103
5 602
12459
364
(D)
(D)
0
7
()
(D)
o
Real estate
40 226
16971
12 786
681
1 700
3 157
4 360
1 367
1 116
160
(D)
5,152
1,456
(D)
5,086
Other industries
21718
3 129
9 969
2 817
1 630
(D)
(D)
1 618
1305
332
1,753
4,639
522
70
(D)
2474
D
()
9
1462
(D)
120
27
7533
2965
1,654
6938
(D)
3016
1 192
1297
Agriculture..;
Forestry
Construction
Transportation
Communication and public utilities
Services
D
155
Suppressed to avoid disclosure of data of individual companies.
* Less than $500,000.
1. See footnote 1, table 7.
1 304
690
709
579
3 600
61
(D)
752
372
38
762
93
0
365
1 710
35
o
230
(D)
1
416
215
14
475
338
(D)
1 086
500
7
(D)
(D)
o
419
90
o
(D)
211
(D)
698
2
1
15
(D)
(D)
64
495
12
7
88
0
81
0
(D)
6
0
1 151
(D)
D
()
12
(D)
(D)
0
194
D
D
()
0
0
7
0
(D)
118
0
(D)
4
0
240
December 1984
SURVEY OF CURRENT BUSINESS
38
Table 13.—Employment and Property, Plant, and Equipment of Nonbank U.S. Affiliates, 1981-82, by State
1982
1981
Number of
employees
Total
Millions of
dollars
Thousands of acres
Gross book
value of
property,
plant, and
equipment 1
Land
owned
Mineral
rights
owned
and
leased
Number of
employees
Millions of
Thousands of acres
Gross book
value of
property,
plant, and
equipment l
Land
owned
14,164
Mineral
rights
owned
and
leased
73,951
2,416,565
187,956
67,193
2,435443
223,265
144,024
40,803
17,685
55,643
13,928
9,945
6,020
5,686
1,254
1,637
1,712
409
359
315
2,764
9
2,602
(D)
(D)
1
61
33
(*)
21
(D)
0
(*)
(D)
145,690
38,714
18,314
60,033
13,280
10,113
5,236
6,576
1,433
1,842
2,109
447
389
356
2,786
11
2,614
16
82
1
61
54
(*)
21
1
(D)
(*)
(D)
564,531
36,018
3,164
45,082
134,929
210,342
134,996
24,734
1,869
547
2,103
6,552
7,892
5,772
694
16
(*)
43
51
332
251
1,533
(*)
0
(D)
(D)
188
1,317
557,259
35,431
4,112
41,623
131,247
215,168
129,678
28,512
2,138
787
2,315
7,348
9,549
6,374
791
17
(*)
47
51
331
345
1,651
(*)
0
(D)
388,570
113,605
46,992
65,939
99,850
62,184
19,215
5,646
1,883
4,188
5,178
2,320
520
192
35
87
164
43
3,522
621
(°)
1,578
773
(D)
405,842
130,723
46,481
62,166
105,969
60,503
21,825
6,400
1,992
4,770
6,120
2,543
721
171
35
259
168
88
3,599
535
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
112^29
21,644
14,632
33,048
32,618
5,557
3,484
1,346
8,400
1,032
877
2,902
1,894
241
1,155
299
632
32
60
295
108
79
40
18
11,228
(*)
2,357
51
227
2,423
5,587
583
112,891
19,904
13,825
34,030
34,770
5,583
3,145
1,634
10,003
1,178
971
3,432
2,227
328
1,456
412
657
33
60
327
96
73
49
18
11,580
Southeast
Alabama
Arkansas
Florida
Georgia . .
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
577,742
26,971
17,506
73,909
78,489
25,852
47,049
11,256
88,985
65,093
57,422
49,788
35,422
47,062
2,776
636
6,295
4,558
1,848
7,872
1,431
5,543
5,318
3,747
3,046
3,992
4,001
620
80
513
773
60
192
316
259
462
402
145
181
8,819
760
553
798
64
766
1,575
1,307
2
20
934
396
1,644
580,878
27,247
17,348
75,981
78,938
25,011
45,884
12,935
92,170
60,914
58,709
52,240
33,501
54,842
3,064
829
7,486
5,197
2,379
9,165
1,732
6,143
5,729
4,504
3,574
5,040
4,047
619
86
535
772
66
193
303
286
494
405
142
148
9,939
242,518
30,642
7,857
24,978
179,041
30,089
2,949
997
2,760
23,383
1,517
221
231
29
1,036
10,787
501
1,734
1,560
6,993
245,689
27,197
8,732
26,589
183,171
36,666
3,206
1,419
3,845
28,195
1,843
278
446
26
1,093
12,900
52,583
24,743
3,828
3,029
16,765
4,218
7,851
2,369
312
1,235
1,791
2,144
1,414
509
<")
332
309
(D)
16,123
2,649
897
6,132
3,462
2,983
52,775
26,826
3,817
2,979
14,758
4,395
10,530
3,670
552
1,550
2,311
2,447
1,301
348
181
342
335
96
17,263
3,024
294,380
248,368
6,938
13,114
25,960
24,235
20,404
556
845
2,430
1,571
823
70
351
327
7,060
1,446
2,780
750
2,084
296,864
251,716
6,051
13,471
25,626
29,606
25,343
636
945
2,682
1,868
865
313
361
329
8,776
8,746
16,996
9,507
3,070
1,569
(D)
(D)
413
7,496
2,044
(D)
111
2
1
(D)
2,840
(*)
<*)
5,244
3
6,836
15,425
10,093
2,717
2,184
(D)
(D)
426
9,646
2,201
(D)
109
2
1
(D)
2,362
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
.
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
.
...
.
Great Lakes
Illinois
Indiana
Michigan
Ohio .. . .
Wisconsin
.
.
.
.
.
Southwest
Arizona
New Mexico
Oklahoma
Texas
Rocky Mountains
Colorado
Idaho
Montana
Utah
Wyoming
...
'.. .
.:
'.. .
Far West
California
Nevada
Washington
Alaska
Hawaii
Puerto Rico
Other territories
and offshore 2
Foreign 3
D
.
. .
Suppressed to avoid disclosure of data of individual companies.
* Less than 500 acres.
1. Equals the gross book value of land, mineral rights, and all other property, plant, and equipment wherever carried in the balance sheet.
13,259
(D)
194
1,447
(D)
1,535
701
(D)
O
2,419
63
196
3,552
4,165
1,185
948
1,118
714
86
791
1,646
1,420
(DD)
()
992
401
1,793
515
1,836
2,362
8,187
1,509
5,770
3,399
3,560
1,955
2,886
1,435
2,500
0
(*)
5,825
1
2. See footnote 1, table 3.
3. For employment, consists of employees of U.S. affiliates working abroad. For assets, consists
primarily of movable fixed assets temporarily located outside the United States and any foreign
assets, including mineral rights, carried directly on the U.S. affiliates' books.
39
SURVEY OF CURRENT BUSINESS
December 1984
Table 14.—Employment of Nonbank U.S. Affiliates, 1981, State by Country of Ultimate Beneficial Owner
[Number of employees]
Euro pe
Aus-
f_
countries
Canada
Germany
Netherlands
United
Kingdom
1 628 440 218 038
376 931
222 889
514 002
153 542
12285
4658
22531
5773
1086
11,293
2537
1,476
12 527
36888
15,275
1218
15,418
2089
2,428
8076
1849
Total
France
Switzerland
Latin
America
Middle
East
Other
Africa,
Asia,
and
Pacific
United
States
74670
35118
16620
36,860
25,895
4062
52
1249
5,107
(D)
(D)
!•
New
()f whichJapan
land,
and
South
Africa
138 093
49371
2 416 565
437 393
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
144 024
40803
17685
55643
13928
9945
6020
26330
4505
7252
7,881
2907
()
()
1825
366
764
(D)
5
Mideast
Delaware ..
District of Columbia
Maryland..
New Jersey
New York
Pennsylvania
564 531
36018
3164
45082
134 929
210,342
134 996
97,927
402,651
53,807
91,343
(D)
(D)
(°)
(D)
875
353
36,804
(D)
211
7028
10,881
20,483
13888
7693
27,671
22,878
31873
4065
9,888
11,847
10586
8467
26,098
60,158
35032
2124
19,587
16,800
8065
1344
8,075
11,923
2489
98
14,893
24,910
19331
31578
104,178
148,131
108 471
3,020
7,706
24
168
864
543
2,933
6,370
3151
3,428
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
388 570
113 605
46992
65939
99850
62184
64052
18,056
6574
15,634
13064
10,724
288 429
81,287
38382
44,016
79723
45,021
42 962
6766
4514
9,883
11493
10,306
62807
15,891
10704
12,500
17764
5,948
32908
9605
8807
3,586
5457
5,453
93 993
25,981
8566
13,080
27 106
19,260
32 514
13763
2391
2,316
11549
2,495
19 672
7,641
4085
1837
5213
1,980
1926
(D)
(D)
(D)
3,585
3051
4,410
261
289
(D)
1,323
1384
()
329
()
(D)
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
112 329
21644
14632
33048
32618
5557
3484
1346
34353
6,178
2565
15,185
7698
68296
12754
11658
16,315
22090
3565
1235
6220
16448
2304
2848
3,645
6149
D
5908
2109
22 630
5,829
3570
4955
6408
1 171
9 405
1 197
4001
1 505
2 217
' (D)
577 742
26971
17506
73909
78489
25852
47049
11256
88985
65093
57422
49788
35422
120 144
3191
3054
9,789
13001
6582
7625
3170
18773
8977
12902
13711
19369
390 752
20901
11094
54084
53071
16647
33428
6529
64242
46474
37412
33256
13614
53 892
3907
2304
9836
6917
1 746
2782
'951
6489
9409
4150
4706
242 518
30642
7857
24978
179 041
42,436
6740
1016
7699
26981
158,648
18123
6228
14852
119 445
21,378
1528
19001
52583
24743
3828
3029
16765
4*218
11798
6319
5860
3232
1066
2085
1,802
33,795
15326
2 135
1 185
13622
1,527
294 3go
248 368
6938
13 114
25960
37 772
29,384
1242
2744
4402
171 143
142 054
3940
8318
16 831
19 533
14138
1029
1461
2905
8746
16996
9507
3070
1569
569
676
1950
1,555
5480
1566
454
(D)
(D)
(D)
(D)
Total..
Southeast....
Alabama
Arkansas
Florida
Georgia
Kentucky.
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
;
Southwest
Arizona
New Mexico
Oklahoma
Texas
Rocky Mountains
Colorado .
Idaho
Montana
Utah
Wyoming
..
Far West
California
Nevada
Oregon
Washington
Alaska
Hawaii
Puerto Rico
Other territories
and offshore 2
Foreign 3 .
D
..
(DD)
(D)
394
1818
515
526
1274
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 7.
2. See footnote 1, table 3.
3. See footnote 2, table 3.
(D)
(D)
104 110
34851
9037
40,019
8495
(DD)
679
700
931
(D)
1511
1894
D
()
786
2525
1317
1 135
345
91
21
695
728
121
591
571
746
720
()
(D)
19
(D)
(D)
2,600
301
117
543
1230
1555
255
176
(D)
(D)
2,708
969
375
33
448
(D)
460
1382
135,473
5098
46,753
620
1 737
20
157
414
4045
2626
1036
5
7,740
3,876
20
13,510
(D)
2,619
1,258
o
11,502
142
720
4,696
(D)
23,886
1081
(D)
(D)
(D)
(D)
(»)
o
(D)
(DD)
()
152
985
(°)
738
(D)
(D)
10
45
0
0
51
(D)
28
19
0
0
(D)
(D)
(D)
(D)
(D)
(D)
(D)
416
(D)
(D)
68
D
o
(D)
(D)
(D)
750
(D)
857
D
(D)
(°)
(D)
0
0
(D)
648
(D)
74
1 224
398
6
(DD)
(D)
()
258
0
1062
(D)
(D)
(D)
50
415
(D)
(°)
(D)
78
(D)
o
(D)
(D)
103
(°)
(D)
3,297
(D)
0
(D)
(°)
202
432
(D)
(D)
(DD)
()
(DD)
()
(D)
(D)
3,969
1,549
(D)
88
875
(D)
(D)
(D)
()
85
0
637
(DD)
253
0
(D)
(°)
(D)
D
(D)
(D)
(D)
73
(D)
0
6,207
o
(°)
(D)
131
0
5354
1,694
12,771
(D)
(D)
(D)
(D)
395
733
(D)
(D)
(D)
1,798
2,033
o
(D)
(D)
195
502
84938
2550
1233
12516
9298
5 138
9034
1323
15581
11 725
4542
8325
3673
69 148
5114
2490
3308
8950
2238
8894
115 754
6788
4245
16814
16957
5951
7636
2662
19015
9710
9413
12367
4196
27 474
1724
41,665
4141
30,931
9,754
30817
2206
27688
43,450
11924
3298
3734
24494
1086
7789
5827
6487
9004
9269
543
1,485
5,533
4517
2950
5304
1393
13909
4940
2320
1753
705
2,464
1208
D
1,718
1,037
506
(D)
(D)
0
79
(D)
560
(DD)
()
3
461
0
356
156
0
10281
9,515
2,557
2,478
3,658
3,136
(D)
(D)
(D)
(D)
57
480
10928
9880
11556
1675
3635
(D)
(D)
(D)
17712
380
(D)
2856
356
349
576
2844
2755
5168
2723
2237
2334
2718
470
655
205
(D)
(D)
528
1838
D
()
(DD)
()
(D)
140
(D)
163
297
3,864
1 197
927
3645
(D)
(D)
386
(D)
(D)
1,812
714
(D)
(D)
901
603
(D)
(D)
2,113
(°)
6,893
11,302
10,947
10,071
(D)
(D)
(D)
453
63
550
(D)
32
37
41
106
(D)
(D)
()
845
813
46565
40,122
1734
1 119
3*590
15988
14474
43663
39,803
10037
8,002
(D)
(D)
(D)
(D)
15,269
13,996
1 160
1 061
2937
4
48
923
3 561
9,097
3 677
21
4
(D)
(D)
(D)
(D)
73
949
2103
236
(D)
67
386
(D)
(D)
213
1,785
286
(°)
(D)
4180
4899
(D)
6 178
(D)
2751
2718
5685
(D)
(D)
28664
24,119
o
23 137
(D)
51 773
41,896
(D)
o
(°)
96
(D)
(D)
(D)
4963
2688
(D)
(D)
(D)
(D)
187
798
423
(D)
335
29
87
116
(D)
(D)
(D)
1009
55
32
1 377
Addendum —
OPEC1
808
883
50
1 333
15
98
(D)
(D)
(D)
1,124
(D)
(D)
(D)
(D)
o
o
281
190
331
190
263
(D)
(°)
4
248
12
(D)
(D)
434
1,253
(D)
439
(D)
(DD)
(D)
()
550
4
1,671
5,940
(D)
(D)
()
(°)
(D)
D
(D)
o
o
4,062
o
(D)
(D)
146
(D)
D
39
(°)
616
(D)
(DD)
()
1,683
(D)
(D)
(D)
(D)
(D)
0
(D)
0
()
(D)
(»)
o
D
()
82
92
(D)
217
(D)
(D)
(°)
611
(D)
0
(D)
(D)
(DD)
()
(D)
(°)
(D)
7,885
(D)
(D)
(D)
(D)
0
0
(D)
o
o
40
SURVEY OF CURRENT BUSINESS
December 1984
Table 15.—Employment of Nonbank U.S. Affiliates, 1982, State by Country of Ultimate Beneficial Owner
[Number of employees]
Japan
Australia,
New
Zealand,
and
South
Africa
Latin
America
Middle
East
Other
Africa,
Asia,
and
Pacific
United
States
Europe
All
countries
Of which—
Canada
Total
France
Germany
Netherlands
United
Kingdom
Switzerland
Addendum —
OPEC1
2,435,143
457,989
1,626,478
191,428
350,987
222,974
535,855
173,232
138,935
52,269
79,656
28,923
16,425
34,468
23,621
New England
Connecticut
Maine
Massachusetts
New Hamsphire
Rhode Island
Vermont
145,690
38,714
18,314
60,033
13,280
10,113
5,236
25,977
4,039
7,459
8,424
2,498
(DD)
()
105,704
33,218
9,450
43,442
8,299
(DD)
()
9,728
4,949
149
1,069
(D)
1,020
(D)
23,898
6,172
611
13,184
2,421
1,195
315
11,999
CO
(D)
2,634
661
(D)
3
36,724
13,463
1,810
15,801
2,223
3,177
250
8,824
1,981
(D)
3,503
(D)
792
1,033
2,114
206
(D)
1,287
403
46
(D)
1,550
(DD)
(D)
()
CO
CO
(D)
4,852
751
(D)
2,119
CO
(D)
145
469
13
(D)
411
(D)
0
0
1,042
CO
0
CO
0
CO
0
3,982
231
^ (D)
2,242
CO
CO
CO
188
2
39
140
CO
0
(D)
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
557,259
35,431
4,112
41,623
131,247
215,168
129,678
101,634
(D)
240
(D)
13,323
29,327
22,239
383,631
(D)
CO
28,504
100,519
143,132
99,771
47,247
1,461
78
5,590
9,967
17,399
12,752
82,153
787
866
6,524
26,589
21,039
26,348
34,278
(DD)
()
3,794
9,284
11,458
9,341
129,254
5,478
795
7,896
24,279
56,123
34,683
51,911
(D)
(D)
2,400
19,835
20,863
8,277
24,901
14
36
1,379
9,176
11,947
2,349
12,987
(DD)
()
198
3,457
8,455
744
17,913
54
320
888
2,752
10,381
3,518
5,157
(D)
18
(D)
545
3,788
368
3,300
7,736
CO
757
2,427
71
CO
CO
CO
718
5,711
618
3,721
0
(D)
330
CO
CO
CO
405,842
130,723
46,481
62,166
105,969
60,503
70,528
24,539
7,530
14,769
13,962
9,728
295,314
91,331
36,927
41,400
79,266
46,390
36,965
5,057
4,418
8,729
7,739
11,022
54,162
16,979
8,887
10,257
12,432
5,607
33,383
9,263
9,107
3,375
6,393
5,245
114,791
38,407
8,330
13,608
34,866
19,580
33,676
12,702
3,165
2,740
12,18,4
2,885
17,575
7,769
952
2,987
3,206
2,661
7,244
990
573
415
D
((D)
)
6,742
3,367
281
1,172
1,705
217
1,898
750
25
CO
CO
CO
1,063
388
CO
CO
CO
0
5,478
1,589
CO
1,175
2,415
CO
956
494
22
CO
435
248
CO
CO
154
53
0
(D)
0
Total .
.'.
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
-..
47
(D)
CO
CO
45
438
(D)
CO
(D)
CO
CO
158
65
0
CO
0
745
99
CO
(D)
CO
0
0
0
23,826
(D)
CO
2,594
5,138
832
233
614
2,410
2,365
3,867
1,120
31
9,736
934
231
757
2,996
271
(DD)
()
2,220
323
980
756
(D)
15,990
(D)
256
3,889
1,183
939
2,791
CO
278
(D)
1,449
697
2,106
5,520
CO
CO
433
1,702
392
1,117
303
366
CO
465
CO
CO
1,457
6
0
720
149
CO
CO
2
CO
11
0
CO
0
9,594
CO
CO
1,289
1,465
CO
172
CO
CO
CO
807
428
4
5,716
CO
22
1,674
14,672
1,021
1,035
1,340
11,276
7,225
470
29
681
6,045
8,345
CO
61
(D)
5,029
10,292
956
(DD)
()
8,414
7,071
CO
CO
566
6,166
797
CO
0
CO
792
2,105
(D)
67
CO
1,853
5,632
(D)
CO
CO
4,900
14,440
6,493
(DD)
()
6,492
493
2,840
1,976
402
32
356
74
686
568
26
39
1,238
586
(DD)
()
141
456
600
CO
CO
0
154
0
575
CO
D
519
(DD)
()
2,161
846
(DD)
(D)
(D)
()
473
0
CO
CO
CO
82
95
CO
67
0
CO
(D)
0
26,535
23,069
(DD)
()
2,692
53,548
42,634
1,508
1,887
7,519
15,611
13,521
202
652
1,236
46,474
42,869
27
906
2,672
8,373
7,021
(D)
(D)
1,003
18,390
16,950
1,127
(DD)
()
6,665
6,494
121
CO
(D)
3,526
3,292
(D)
CO
(D)
3,818
3,185
CO
CO
232
6,300
6,226
30
CO
CO
(D)
57
(D)
0
(D)
(D)
1,064
2,134
81
(D)
(D)
63
1,175
(D)
299
1,481
9,177
961
892
81
(DD)
()
0
D0
(DD)
()
(DD)
(D)
()
CO
0
CO
(D)
0
CO
2,984
0
(D)
0
CO
(D)
484
CO
0
0
0
(D)
0
0
112,891
19,904
13,825
34,030
34,770
5,583
3,145
1,634
36,317
6,923
2,572
13,704
9,461
1,374
1,519
764
69,902
11,349
10,967
19,016
22,995
3,620
1,323
632
6,094
797
2,188
1,665
1,041
377
22
4
18,207
2,251
2,558
4,089
7,554
CO
(D)
31
6,190
2,033
1,034
1,190
1,521
211
(DD)
()
23,041
4,788
3,119
6,895
6,459
1,234
111
435
9,258
992
570
3,925
2,615
1,026
71
59
2,542
744
151
616
793
(D)
(D)
Southeast
Alabama
Arkansas
Florida.
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee ..
Virginia
West Virginia
580,878
27,247
17,348
75,981
78,938
25,011
45,884
12,935
92,170
60,914
58,709
52,240
33,501
120,425
3,291
3,081
10,601
13,374
6,714
8,812
3,293
18,671
8,406
12,431
14,599
17,152
394,330
20,289
11,293
55,698
52,931
15,087
32,674
8,107
66,488
44,628
38,710
34,461
13,964
50,566
3,613
2,467
8,827
6,813
1,966
1,709
1,321
6,458
8,080
4,061
4,572
679
77,143
2,248
997
9,778
8,609
3,565
8,143
1,274
14,696
10,885
3,956
8,811
4,181
72,113
5,194
2,997
4,553
8,694
2,493
10,605
1,172
8,831
9,739
12,404
2,149
3,282
116,737
6,622
4,008
19,631
17,448
4,666
7,348
2,555
20,165
8,455
9,313
12,384
4,141
34,891
1,987
481
6,449
3,458
1,024
2,038
1,141
5,225
3,829
6,329
2,654
276
245,689
27,197
8,732
26,589
183,171
53,358
8,840
1,249
9,854
33,415
156,496
13,642
7,080
14,317
121,457
18,436
739
193
1,241
16,263
37,695
3,913
(DD)
()
27,862
32,687
550
1,193
2,375
28,569
41,758
6,994
2,683
4,156
27,925
52,775
26,826
3,817
2,979
14,758
4,395
11,424
6,224
674
1,213
1,462
1,851
35,572
18,207
2,234
905
12,246
1,980
4,442
2,862
228
(D)
250
CO
5,712
4,343
55
(D)
927
(D)
4,857
1,349
(DD)
(D)
()
207
296,864
251,716
6,051
13,471
25,626
35,577
27,116
1,161
3,163
4,137
174,041
144,789
3,429
8,656
17,167
15,969
12,145
684
610
2,530
51,040
44,035
611
3,899
2,495
6,836
15,425
10,093
2,717
2,184
532
573
1,441
(DD)
()
2,158
1,534
6,029
408
1,359
28
(DD)
(D)
()
16
(DD)
()
490
(DD)
()
Southwest
Arizona. ..
New Mexico
Oklahoma
Texas...
.
Rocky Mountains
Colorado
Idaho
Montana
Utah
Wyoming
Far West
California .. ..
Nevada
Oregon
Washington.;
Alaska
Hawaii...
Puerto Rico
Other territories
and offshore 2
Foreign 3
D
,
Suppressed to avoid disclosure of data of individual companies.
1. See footnote 1, table 7.
2. See footnote 1, table 3.
3. See footnote 2, table 3.
(D)
577
Plains.. ..
Iowa
Kansas .
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
,
CO
0
1,332
(D)
(DD)
((D))
(D)
()
1,209
267
()
1
CO
CO
D
()
226
CO
128
0
(D)
312
CO
CO
442
CO
375
23
CO
By ANTHONY J. DiLULLO
U.S. International Transactions,
Third Quarter 1984
THE U.S. current-account deficit Treasury securities) reported by
was a record $32.9 billion in the third banks decreased $3.9 billion, in conquarter, compared with $24.7 billion trast to an increase of $20.8 billion.
in the second. The $8.2 billion in- The shifts both in claims and liabilcrease was largely accounted for by ities reflected reversals of large
an increase in the merchandise trade second-quarter interbank flows. In addeficit from $25.8 billion to $33.1 bil- dition, low demand for funds in induslion. Imports surged after being trial countries and a small reduction
nearly unchanged in the previous in claims on countries in Latin Amerquarter; exports increased slightly. ica contributed to the third-quarter
Net service receipts decreased $0.2 decrease in claims, and a flattening of
billion to $3.1 billion. A $1.7 billion U.S. loan demand to the decrease in
increase in receipts of income on U.S. liabilities.
Net inflows on U.S. direct investinvestment abroad was nearly offset
by an increase in payments of income ment abroad were $1.1 billion, comon foreign investment in the United pared with $2.1 billion. Net inflows
States. Net travel and other transpor- from Netherlands Antilles finance aftation payments increased $0.4 bil- filiates slowed as borrowing to finance
lion. Net unilateral transfers in- U.S. mergers subsided. Net inflows for
foreign direct investment in the
creased $0.6 billion to $2.8 billion.
Among the private capital accounts, United States slowed to $4.3 billion
claims on foreigners reported by U.S. from $8.8 billion; the second-quarter
banks decreased $18.4 billion, in con- total had been boosted by an unusualtrast to an increase of $20.6 billion in ly large purchase of additional equity
the second quarter. Liabilities to pri- in a U.S. company.
Net U.S. purchases of foreign secuvate foreigners and international financial institutions (excluding U.S. rities increased $0.4 billion to $1.2 bil-
lion. Net foreign purchases of U.S.
Treasury securities were $5.2 billion,
following $6.5 billion in the second
quarter. Net purchases of U.S. securities other than U.S. Treasury securities were $1.7 billion, compared with
$0.6 billion. A significant decline in
interest rates and a change in withholding tax regulations spurred the
sale abroad of $1.9 billion in new
bond issues by U.S. corporations.
The statistical discrepancy (errors
and omissions in reported transactions) was a net inflow of $10.6 billion.
U.S. dollar in exchange markets
The U.S. dollar continued to appreciate in the third quarter; on a tradeweighted basis, the dollar posted the
largest gains in four quarters against
the currencies of industrial countries.
Favorable rates of return on U.S.
dollar assets compared with other
assets and repeal of the 30-percent
withholding tax on interest earned by
Table A.—Summary of U.S. International Transactions
[Millions of dollars, seasonally adjusted]
1983
Lines in tables 1, 2, and 10 in which transactions are included
are indicated in ( )
Line
1 Exports of goods and services (1)
2
Merchandise, excluding military (2)
3
Other goods and services (3-13) .
....
1983
332,201
200,257
131,944
II
I
81,111
49,246
31,865
84,826
50,437
34,389
IV
84,910
51,829
33,081
I
90,689
53,935
36,754
II r
III"
88,900
54,563
34,337
91,672
55,497
36,175
Change:
1984 IIIII
2,772
934
1,838
JanuarySeptember
Change:
1983-84
1983
1984"
247,292
148,428
98,864
271,261
163,995
107,266
7 U.S. Government grants (excluding military grants of goods and
services) (30).
8 Remittances pensions and other transfers (31 32)
-6,060
2590
599
9 U S assets abroad net (increase/ capital outflow ( )) (33)
10
U S official reserve assets net (34)
11
U.S. Government assets, other than official reserve assets, net
(39).
12
U.S. private assets, net (43)
49490
-1,196
-5,013
24364
-787
-1,130
-43,281
81,722
13 Foreign assets in the United States, net (increase/capital inflow
(+)) (48).
14
Foreign official assets, net (49)
15
Other foreign assets net (56)
. . . .
-974
-1,210
-1,478
-638
-665
-2,398
688
-1,306
-3,662
-4,968
-711
15
-1,902
-2,154
-252
19037
-566
-1,235
16,024
799
-1,474
35,061
233
-239
-34,647
-242
-3,585
-5,002
-2,021
-4,746
29,645
-1,779
-1,161
18,297
35,534
-30,820
1,765
32,585
6,234 -34,171
47,918
62,299
14,381
-1,430
-1,431
-717
-726
1 989
-657
-2,037
-2,107
-676
-1,060
16
-1,251
-9,223 -14,843
529
-953
-1,204 -1,429
22447
175
-8,548 -12,461
705
-17,237
15,888
12,452
19,578
33,804
15,660
40,405
5,339
76,383
-252
16,139
1,739
10,714
-2,703
22,281
6,555
27,249
-2,784
18,444
-345
40,750
-1,022
7,256
-677
33494
-1,216
49,134
4,151
66,450
-2,935
17,316
9,331
11,420
-1,833
1,491
-1,748
6,002
3,336
10,642
7,306
11,078
19,980
8,902
r
Revised.
"Preliminary.
23,969
15,567
8,402
341,416 -75,339
-365,113 -82,481 -89,067 -94,529 -99,037 -108,215 -111,447 -121,754 -10,307 -266,077
58,753
-261,312
58523 -63,615 -67,938 -71,236 -79,790
80,408 -88,631 -8,223 -190,076 -248,829
26591
76,001 -92,587 -16,586
25452
27801 -28,425 -31,039
33123 -2,084
103 801 -23,958
4 Imports of goods and services (15)
5
Merchandise, excluding military (16) .
6
Other goods and services (17-27)
16 Allocations of special drawing rights (62)
17 Statistical discrepancy (63) .
81,355
48,745
32,610
1984
III
41
42
SURVEY OF CURRENT BUSINESS
December 1984
Table B.—Selected Transactions With Official Agencies
[Millions of dollars]
1983
I
1 Changes in foreign official assets in the U.S., net (decrease -) (line 49,
table 1).
2
Industrial countries2 1
3
Members of OPEC
4
Other countries
10,172
-8,639
3,806
139
-1,466
1,075
5 Changes in U.S. official reserve assets (increase — ) (line 34 tablel)
-1,196
-787
-2,083
600
-2,683
-1,168
590
-1,758
5,339
-252
II
I
IV
III
1,739
January-September
1984
1983
Line
-2,703
3,550
-3,482
1,671
461
-2,051
-1,113
16
529
6,555
III"
-345
-1,022
-677
-3,674
1,610
1,387
-233
II
-2,784
1984 IIIII
r
6,022
1640
2,173
-850
-2,447
513
938
2170
887
-2,736
-560
2,274
-953
-657
-566
-799
Change:
1983-84
1983
1984 p
-1,216
-4,151
-2,935
4,150
6,999
1,633
-2,648
-5,177
3,674
-6,798
1,822
2,041
-242
-2,021
-1,779
-10
2,083
-590
2,673
Activity under U.S. official reciprocal
currency arrangements with
foreign monetary authorities: 3
6
6a
6b
Foreign drawings or repaypments ( ) net
Drawings
Repayments
r
Revised.
"Preliminary.
1. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
2. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting
countries.
nonresidents on U.S. investments
more than offset the effects of the
peaking of most U.S. short-term interest rates in July and August. Also
contributing to the dollar's appreciation were indications during the quarter that U.S. inflation would not accelerate and that economic activity in
key industrial countries was weaker
than expected, partly the result of
prolonged strikes in the United Kingdon and Germany earlier in the year.
Intervention to slow the dollar's
sharp advance against the German
mark was conducted by German and,
to a limited extent, United States
authorities in September.
On a trade-weighted quarterly average basis, the U.S. dollar appreciated
7 percent and 5 percent against the
currencies of 10 industrial and 22
OECD countries, respectively (chart
6, table C). The dollar appreciated 7
to 9 percent against the European
Monetary System currencies, 9 percent against the Swiss franc, 8 percent against the British pound, and 6
-160
-765
765
-160
10
10
-2,093
590
2,683
10
-10
-10
3. Consists of transactions of the Federal Reserve System and the U.S. Treasury Department's
Exchange Stabilization Fund.
percent against the Japanese yen.
The dollar appreciated less than 2
percent against the Canadian dollar.
Merchandise trade
The merchandise trade deficit was
a record $33.1 billion in the third
quarter, compared with $25.8 billion
in the second. Imports increased $8.2
billion to $88.6 billion, and exports increased $0.9 billion to $55.5 billion.
Nonpetroleum imports increased
$8.7 billion, or 13 percent, to $74.2 billion. The increase was all in volume.
All major end-use commodity categories increased substantially, led by increases of $2.8 billion, or 21 percent,
in machinery; $1.9 billion, or 14 percent, in consumer goods; and $1.3 billion, or 8 percent, in nonpetroleum industrial supplies and materials. Only
a small part of the increase may have
been attributable to anticipation of
restrictions on textile and steel imports later in the year. (A tightening
of restrictions on textiles was announced by the U.S. Government in
August, and plans to negotiate limits
on certain categories of shipments
from steel-exporting countries were
announced in September.)
Cumulative dollar appreciation continued to be a major factor in the
growth of nonpetroleum imports. By
the third quarter, the dollar cost of
imports of manufactured goods had
increased only 6 percent over its 1980
quarterly average (chart 7). In contrast, the average producer price
index of manufactured goods in OECD
countries, excluding the United
States, had increased more than 30
percent. In the United States, the producer price index had increased 20
percent.
Petroleum imports decreased $0.4
billion, or 3 percent, to $14.5 billion.
The average number of barrels imported daily decreased to 5.67 million
from 5.76 million; the average price
per barrel was nearly unchanged at
$27.91.
Nonagricultural exports increased
$1.2 billion, or 3 percent, to $46.5 bil-
Table C.—Indexes of Foreign Currency Price of the U.S. Dollar
[1977 = 100]
1983
Trade-weighted average against 22 OECD currencies 1
Trade-weighted average against 10 currencies 2
Selected currencies: 3
Canada
United Kingdom
European Monetary System currencies:
Belgium
France
Germany
Italy
Netherlands
Switzerland
Japan
1984
I
II
III
Oct.
Nov.
Dec.
Jan.
Feb.
132.6
1338
1372
1426
1501
1321
1336
1358
1394
1358
1364
124.5
1258
1272
1283
1370
1232
1259
1284
1305
1273
1238
1161
1155
1166
1187
1182
1215
1217
1249
1238
1345
1160
1164
1165
1180
1174
121 6
1176
1238
1175
120 8
1196
1197
1480
1617
1137
1777
1204
894
902
1518
1660
1152
1835
1223
899
872
1539
1686
1161
1876
1239
915
860
1541
1695
1166
1893
1244
935
855
1645
1823
1257
203 1
1342
101 7
907
147 8
1618
1120
178 5
1189
879
868
1520
1660
1155
183 5
1224
903
876
1560
1704
1183
1884
1256
91 5
872
159 8
1748
1209
1929
1287
93 2
870
154 1
1689
116 1
188 1
124 0
91 8
870
148 1
1627
111 7
1823
1194
89 5
840
1. Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France, Germany,
Greece, Iceland, Ireland, Japan, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden,
Switzerland, Turkey, United Kingdom. Data: U.S. Department of the Treasury. End-of-month
rates. Index rebased by BEA.
1983
1984
IV
III
Mar.
Apr.
July
Aug.
1457
149 1
1483
1530
1298
1346
1355
1408
1219
1255
1228
126 6
1247
132 1
1228
1327
1238
1387
1559
1717
1182
191 6
1259
94 4
858
155 6
1712
117 9
191 2
1257
950
870
1608
1777
1226
197 6
1309
1004
905
1624
1801
1242
200 8
1325
100 5
902
1704
1891
1304
2109
1392
104 3
914
May
June
1399
1422
1257
1295
1205
1227
1507
165 6
1139
1850
1216
91 2
838
Sept.
2. Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Sweden, Switzerland, United
Kingdom. Data: Federal Reserve Board. Monthly average rates. Index rebased by BEA.
3. Data: Federal Reserve Board. Monthly average rates. Indexes rebased by BEA.
December 1984
lion; volume increased 4 percent. A
$0.6 billion increase in exports of
automotive products to Canada was
largely related to strong sales in the
United States of large-size automobiles, many of which are assembled in
Canada. Most other major end-use
commodity
catetgories
increased
slightly. Nonagricultural exports continued to be restrained by the dollar's
cumulative appreciation. Although
the unit-value index of U.S. exports of
manufactured goods increased 21 percent from 1980 to the third quarter,
the foreign currency cost almost doubled (chart 7).
Agricultural exports decreased $0.2
billion, or 3 percent, to $9.0 billion;
volume increased 1 percent. The decrease, mostly to Western Europe,
partly reflected price decreases in soybeans, wheat, and corn. Supplies from
other exporting countries were ample,
and harvests in some importing countries were better than expected.
Increases in imports from Western
Europe, Japan, and newly industrialized countries in Asia more than accounted for the $7.3 billion increase
SURVEY OF CURRENT BUSINESS
43
in the trade deficit. Imports from
those areas increased $2.5 billion, $2.8
billion, and $3.1 billion, respectively;
exports to them were nearly unchanged. Imports from Canada decreased $0.7 billion, and imports from
other areas increased $0.5 billion. Exports to Canada decreased $0.9 billion,
and exports to other areas, largely to
Latin America, increased $1.5 billion.
Service transactions
Net service receipts were $3.1 billion, a decrease of $0.2 billion from
the second quarter. Receipts increased
$1.8 billion to $36.2 billion. Payments
increased $2.1 billion to $33.1 billion.
Increases both in receipts and in payments of income on investments accounted for most of the changes.
Receipts of income on U.S. direct
investment abroad increased $0.8 billion to $5.4 billion. Capital losses
(largely currency-related) remained
large at $2.5 billion, but were $0.5 billion less than in the second quarter;
second-quarter losses had included a
large nonrecurring writeoff of an affiliate of a U.S. petroleum company.
Weak expansion in key European
countries and weak worldwide petroleum demand continued to restrain
growth in operating earnings of foreign affiliates. Earnings of nonpetroleum affiliates increased $0.5 billion,
and earnings of petroleum affiliates
increased $0.4 billion. Payments of
income on foreign direct investment
in the United States increased $0.3
billion to $3.0 billion.
Receipts on income on other private
investment increased $1.0 billion to
$15.7 billion, largely the result of
higher average interest rates for the
quarter. (Some interest arrears on
nonaccruing loans continued and are
reflected in the estimates.) Payments
on income increased $0.9 billion to
$10.7 billion, also due to higher average rates.
Receipts of income on U.S. Government assets decreased $0.1 billion to
$1.3 billion. Payments of income increased $0.3 billion to $5.1 billion.
Net travel payments increased $0.2
billion. Payments increased $0.1 billion to $4.1 billion. Further dollar appreciation continued to encourage
CHART 6
CHART 7
Indexes of Foreign Currency Price of the U.S. Dollar (1977 = 100)
Comparative Cost Indexes
of Manufactured Goods
, TRADE-WEIGHTED AVERAGES
150
140
130
120
110
. Producer
, -/Prices
_
100
10 currencies2
1981
90
80
1 t
M i l l
1981
LL
I t
1982
I I i t I
1983
t \ I I I. I i i
1984
1. Australia, Austria, Belgium-Luxembourg/Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan, Netherlands, New
Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, and United Kingdom.
Data: U.S. Department of the Treasury. End-of-month rates, index rebased by BEA.
2. Belgium, Canada, France, Germany, Italy, Japan, Netherlands, Sweden, Switzerland, and United Kingdom.
Data: Federal Reserve Board. Monthly average rates, index rebased by BEA.
U.S. Department of Commerce, Bureau of Economic Analysis.
1982
1983
1984
1. Manufactured goods export unit-value index multiplied by
trade-weighted exchange rate index of 22 OECD currencies.
2. Weighted by gross domestic product originating in
manufacturing at 1980 exchange rates.
3. Manufactured goods import unit-value index.
Data: U.S. Department of the Treasury, trade-weighted exchange rate
index of 22 OECD currencies. Bureau of the Census, export and import
unit-value indexes. OECD, producer prices.
U.S. Department of Commerce, Bureau of Economic Analysis
34-12-7
44
SURVEY OF CURRENT BUSINESS
U.S. travel overseas, although the
rate of increase in the number of
travelers slowed from the second
quarter. Payments to Canada and
Mexico were nearly unchanged. Receipts decrease $0.1 billion to $2.8 billion. A decrease of $0.2 billion from
overseas and Canada was partly offset
by a $0.1 billion increase from Mexico
for travel in the border area and in
the U.S. interior. Passenger fare payments were unchanged at $1.7 billion,
and receipts decreased $0.2 billion to
$0.7 billion. Other transportation payments increased $0.4 billion to $3.9
billion, largely the result of increased
freight payments for merchandise imports. Other transporation receipts increased $0.2 billion to $3.6 billion, reflecting increased earnings from port
services.
Transfers under U.S. military sales
contracts were $2.7 billion, an increase of $0.2 billion. Increased deliveries to a number of countries were
partly offset by a decrease in deliveries to the Middle East. Direct defense expenditures were unchanged at
$3.0 billion.
Net unilateral transfers increased
to $2.8 billion from $2.2 billion, largely reflecting revisions in U.S. Government procedures under which appropriated grant funds are made available to foreign military sales customers.
Table D.—Selected Direct Investment Transactions With Netherlands Antilles Finance Affiliates
U.S. assets abroad
U.S. reserve assets increased $0.8
billion in the third quarter, compared
with an increase of $0.6 billion in the
second. Foreign currency holdings increased $0.2 billion as the result of
limited intervention purchases of
German marks in September. The
U.S. reserve position in the International Monetary Fund and U.S. holdings of special drawing rights each increased $0.3 billion.
Claims on foreigners reported by
U.S. banks decreased $18.4 billion,
compared with an increase of $20.6
billion. The shift reflected a reversal
of large second-quarter interbank
transactions. In addition, low demand
for funds in many industrial countries
and some further small reduction in
U.S. banks' loan exposure abroad,
particularly in some developing countries, were contributing factors.
Claims on U.S. banks' own foreign of-
December 1984
[Millions of dollars]
1984
1983
I
Capital
Equity capital
Reinvested earnings
Intercompany debt
II
9019 3920 966 1453
-4052 -1227 222 '225
838 1041 163 265
13908 6188 1351 1943
Income
Of which interest
1986 — 2918
2991 4246
603
867
660
986
III
IV
625
209
310
1,144
877
-572
302
1,751
731
1081
924
1312
II r
III"
699
-281
278
1,258
2318
-885
275
3,477
n a.
-266
na
1,511
-733
1 109
-870
1300
n.a.
1,295
I
n.a.
Not available.
p
Preliminary.
r
Revised.
NOTE.—Table shows only transactions with affiliates established primarily to borrow funds abroad and relend them to their
U.S. parents.
fices and on unaffiliated foreign
banks each decreased almost equally;
together, they accounted for nearly
all of the decrease in bank-reported
claims. Partly offsetting was a slight
increase in claims on foreign public
borrowers. The increase, largely in
claims on Latin America, was partly
related to an agreement between Argentina and the International Monetary Fund on a proposed austerity
program and to a rescheduling of
some external public debt of Mexico
and Venezuela.
The reversal of second-quarter
transactions dominated third-quarter
interbank developments. In the
second quarter, large withdrawals
from foreign banks, particularly from
foreign offices of U.S. banks, reflected
concerns over actual and potential
losses from substandard loans by a
few large U.S. banks. To offset those
withdrawals, unaffiliated foreign
banks borrowed heavily from U.S.
banks, and U.S. parent banks deposited funds in their foreign offices. In
the third quarter, as those concerns
abated, unaffiliated foreign banks
repaid some of the funds borrowed
from U.S. banks, and U.S. parent
banks withdrew some deposits from
foreign offices. In addition, large credits to foreign banks dropped sharply,
as merger-related corporate borrowing subsided and other U.S. loan
demand flattened.
Net U.S. purchases of foreign securities were $1.2 billion, compared with
$0.8 billion in the second quarter. The
increase was more than accounted for
by a $0.7 billion increase in net purchases of stocks, mainly in the United
Kingdom, the Netherlands, and Hong
Kong, where prices advanced sharply.
Net U.S. purchases of foreign bonds
were $0.5 billion, down from $0.8 billion. Foreign new issues in the United
States were only $0.9 billion—from
Canada, France, Finland, and the
Inter-American Development Bankfollowing extraordinarily large new
issues from Sweden in the previous
quarter. Redemptions were nearly unchanged at $0.7 billion, and transactions in outstanding bonds shifted to
small net purchases of $0.3 billion
from net sales of $0.7 billion.
Net inflows on U.S. direct investment abroad were $1.1 billion, compared with $2.1 billion. Net intercompany debt inflows were $3.6 billion,
down from $5.1 billion. Inflows from
Netherlands Antilles finance affiliates
decreased $2.0 billion to $1.5 billion—
about the same level of borrowing
that prevailed prior to the mergerdominated borrowing of the second
quarter (table D). Also, the repeal in
July of the 30-percent withholding tax
on interest earned by nonresidents on
U.S. investments may have led some
U.S. companies to issue Eurobonds directly to supplement or substitute for
borrowing through their finance affiliates (chart 8). Intercompany debt inflows from Western European affiliates increased $1.5 billion from less
than $0.1 billion. Most of the increase
reflected a shift to inflows from, trading company affiliates in Switzerland.
Equity capital outflows decreased $1.0
billion to less than $0.1 billion. Outflows to most areas decreased; a net
inflow from Japan was largely due to
the sale of a petroleum affiliate. Reinvested earnings were $2.5 billion,
compared with $2.0 billion.
Foreign assets in the United States
Foreign official assets in the United
States decreased $1.0 billion in the
third quarter, compared with a decrease of $0.3 billion in the second
(table B). Assets of industrial coun-
SURVEY OF CURRENT BUSINESS
December 1984
Table E.—U.S.-Canadian Balance on Current Account
CHART 8
New Bond Issues Sold Abroad by U.S.
Corporations and Their Netherlands
Antilles Finance Affiliates
[Billions of U.S. dollars]
U.S.
U.S. receipts/Canadian
payments:
Goods and services 2
Merchandise exports
Inland freight
Other transportation
Investment income2
Other services
Unilateral transfers
Finance Affiliates
1983
1982
Adjusted
data
Published
data 1
Billion $
By Netherlands Antilles
1
45
Total
I
'
2
U.S. payments/Canadian
receipts:
Goods and services 2
Merchandise imports
Inland freight
Other transportation
Investment income2 ..
Other services
Unilateral transfers
...
I
1
....
....
Total 2
U.S. current-account balance (U.S. surplus/Canadian
deficit +)
Canada
U.S.
Canada
U.S.
Canada
53.4
54.6
(38.1
39.2
I
1.6
.8
I
9.0
5.5
4.4
9.3
.3
(3)
55.8
38.1
1.2
8
10.2
5.6
.3
55.8
38.1
1.2 f
.8
10.2
5.6
.3
58.0
\
43.8
.8 (
*
53.4
56.1
56.1
58.0
54.9
54.0 v
48.5 1
.6 f
2.1
2.8
3
.2
54.2
-.8
53.3
54.9
47.8
' 1 1.2
1.5
I
5
2.3
.6
3.9
3.1
.4
.5
47 3
Adjusted
data
Published
data 1
ii( )
3
60.7
54.9
47.8
1.2 } 54.4 I
1
.5
2.3
3.2
3.1
3
.2
.5
,1
53.8
55.4
55.4
1.1
.7
.7
60.9
-2.8
U.S.
Canada
59.6
42.7
1.7
5.2
9.9
60.7
43.1
1.3
.8
9.3
6.2
.3
60.8
43.1
1.3
.8
9.4
6.2
.3
59.9
61.0
61.1
.9
4.4
.4
62.7
54.8
1.3
.6
2.5
3.5
.4
62.6
54.8
1.3
x .5
2.5
3.5
.4
61.5
63.1
63.0
61.1
541
17
1.6
,
-2.1
-1.9
1. U.S. data as published in the June 1984 SURVEY OF CURRENT BUSINESS; Canadian data as published in Quarterly Estimates
of the Canadian Balance of International Payments: Second Quarter 19842. Excludes reinvested earnings of incorporated affiliates.
3. U.S. published data are net payments.
1981
1982
1983
1984
1. Net proceeds of bond issues repatriated by Netherlands Antilles finance
affiliates to U.S. parent corporations.
U.S. Department of Commerce, Bureau of Economic Analysis
84-12-8
tries decreased $2.7 billion, in contrast to an increase of $0.9 billion. Decreases largely reflected intervention
to support a few key currencies in exchange markets, as the dollar reached
record highs against many European
currencies in September. Assets of
OPEC members decreased $0.6 billion.
Although considerably less than the
previous quarter's $2.2 billion decrease, the third-quarter decrease was
the eighth consecutive quarterly decrease and reflected continued weakness in world petroleum markets.
Assets of other countries, particularly
several newly industrialized countries
in Asia, increased $2.3 billion, compared with a $0.9 billion increase.
U.S. liabilities to private foreigners
and international financial institutions reported by banks (excluding
U.S. Treasury securities) decreased
$3.9 billion, compared with an increase of $20.8 billion. The shift reflected a reversal of large secondquarter inflows from U.S. banks' foreign offices, mainly in the United
Kingdom and Caribbean, and a flattening of domestic loan demand. In
addition, financing needs for large-
scale mergers diminished. Partly offsetting the decrease was an increase
in liabilities to unaffiliated foreign
banks and other private foreigners.
Those inflows remained relatively
strong, despite the significant decline
in U.S. short-term rates by the end of
the quarter and despite the attractiveness of alternative long-term investments in the United States.
Net foreign purchases of U.S.
Treasury securities were $5.2 billion,
following record second-quarter purchases of $6.5 billion. Those purchases
partly reflected the continued preference of many foreign investors for
U.S. Treasury securities, although
concern about risks associated with
certificates of deposit as alternative
investments lessened.
Net foreign purchases of U.S. securities other than U.S. Treasury securities were $1.7 billion, compared with
$0.6 billion. Much of the increase was
due to the $1.9 billion in new bond
issues sold abroad by U.S. corporations—the first sizable amounts
issued directly in the Eurobond
market in 10 years (chart 8). A large
decline in long-term rates in the Eurobond market spurred U.S. corporations to raise capital, partly to replace
relatively expensive short-term bank
debt that had been incurred in the
first half of the year. Also, repeal of
the 30-percent withholding tax on interest earned by nonresidents on U.S.
investments permitted U.S. corporations to raise funds directly in Eurobond markets at the same, lower cost
as funds raised through Netherlands
Antilles finance affiliates.1 (Net funds
raised by Netherlands Antilles finance affiliates were about the same
in the third quarter as in the second,
after allowance is made for several
large merger-related transactions.)
Net foreign purchases of outstanding
corporate bonds and U.S. agency
bonds were $0.8 billion, compared
with $0.5 billion. Record net sales of
stocks of $1.0 billion by foreigners
were largely from Swiss accounts.
Inflows for foreign direct investment in the United States were $4.3
billion, compared with $8.8 billion. Intercompany debt inflows were $1.3
1. Interest on funds raised in Eurobond markets by
Netherlands Antilles finance affiliates and repatriated
to U.S. parents is not subject to U.S. withholding tax
requirements because of a United States-Netherlands
Antilles tax treaty. In addition, the Netherlands Antrilles has no withholding tax applicable to interest
payments to third countries. Thus, when U.S. companies wished to borrow funds in the Eurobond market,
it was advantageous to have Netherlands Antilles finance affiliates issue the bonds, which were usually
guaranted by the U.S. parent, and repatriate the
funds to the U.S. parent. With repeal of the 30-percent
withholding tax, Eurobonds may be issued directly by
the U.S. parent at the same cost, ceteris paribus, as
those issued through the Netherlands Antilles finance
affiliates. Although major U.S. corporations were able
to finance their operations by borrowing abroad at
lower rates than at home, this advantage was not
available to many smaller companies and to the U.S.
Government.
46
billion, compared with $4.4 billion;
the second-quarter inflow had been
boosted by a large loan to a U.S. subsidiary to purchase additional equity
in a U.S. company. Equity capital inflows were $1.8 billion, compared with
$3.3 billion. An inflow of $0.7 billion
from Canada was mainly for acquisitions, as were inflows of $0.4 billion
from Japan. There were no net inflows from Australia, after a $1.5 billion inflow in the previous quarter.
Inflows from Western Europe were
$0.6 billion, compared with $0.8 billion. Reinvested earnings were unchanged at $1.2 billion.
SURVEY OF CURRENT BUSINESS
Reconciliation of U.S.-Canadian
current-account statistics
Reconciliation of the 1983 bilateral
current-account statistics of the
United States and Canada and revision of the 1982 current-account reconciliation were completed in November 1984 (table E). The 1982 United
States and Canadian statistics were
fully reconciled. Full reconciliation of
the 1983 statistics was not possible because of differences in investment
income transactions that could not be
satisfactorily resolved at this time.
December 1984
Revisions in the U.S. international
transactions data based on the reconciliations with Canada will be incorporated in the published data in June
1985 as far as possible. Full substitution of the reconciled data for the previously published data is not possible
because U.S. transactions with other
areas would be affected.
Current-account reconciliations for
the years 1970-81 appear in the June
1975, September 1976, September
1977, December 1979, June 1981, December 1981, December 1982, and December 1983 issues of the SURVEY OF
CURRENT BUSINESS.
Table 1-2.—U.S. International Transactions
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
(Credits + ; debits -) »
1983
2
1 Exports of goods and services
2
Merchandise, adjusted, excluding military 3
3
Transfers under U.S. military agency sales contracts4
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
Receipts of income on U.S. assets abroad:
11
Direct investment....
12
Other private receipts
13
U.S. Government receipts .
14 Transfers of goods and services under U.S. military
grant programs, net.
15 Imports of goods and services
16
Merchandise adjusted excluding military '
17
Direct Defense expenditures
18
Travel
Passenger fares .
19
20
Other transportation
21
Fees and royalties to affiliated foreigners
22
Fees and royalties to unaffiliated foreigners
23
Private payments for other services
24
U.S. Government payments for miscellaneous services.
Payments of income on foreign assets in the United
States:
25
Direct investment
26
Other private payments
27
U.S. Government payments
28 U.S. military grants of goods and services, net
29 Unilateral transfers (excluding military grants of
goods and services), net.
30
U.S. Government grants (excluding military grants
of goods and services).
31
U.S. Government pensions and other transfers
32
Private remittances and other transfers
33 U.S. assets abroad, net (increase/capital outflow (-))...
34
U.S. official reserve assets, net 4
Gold
35
36
Special drawing rights
37
Reserve position in the International Monetary
Fund.
38
Foreign currencies
39
U.S. Government assets, other than official reserve
assets, net.
40
U.S. loans and other long-term
assets
41
Repayments on U.S. loans 5
42
U.S. foreign currency holdings and U.S. short-term
assets, net.
43
U.S. private assets, net
44
Direct investment
45
Foreign securities
... ...
46
U.S. claims on unaffiliated foreigners reported by
U.S. nonbanking concerns.
47
U.S. claims reported by U.S. banks, not included
elsewhere.
48 Foreign assets in the United States, net (increase/
capital inflow ( + )).
49
Foreign official assets in the United States net
50
U.S. Government securities6
51
U.S. Treasury securities
52
Other 7
53
Other U.S. Government liabilities 8
54
U.S. liabilities reported by U.S. banks, not included elsewhere.
55
Other foreign official assets 9
56
Other foreign assets in the United States, net
57
Direct investment
58
U.S. Treasury securities...
59
U.S. securities other than U.S. Treasury securities...
60
U.S. liabilities to unaffiliated foreigners reported
by U.S. nonbanking concerns.
61
U.S. liabilities reported by U.S. banks, not included elsewhere.
62 Allocations of special drawing rights
63 Statistical discrepancy (sum of above items with sign
reversed).
63a
Of which seasonal adjustment discrepancy
Memoranda:
64 Balance on merchandise trade (lines 2 and 16)
65 Balance on goods and services (lines 1 and 15) 10
66 Balance on goods, services, and remittances (lines 65,
31, and 32).
67 Balance on current account (lines 65 and 29) 10
Transactions in U.S. official reserve assets and in
foreign official assets in the United States:
68
Increase (-) in U.S. official reserve assets, net (line
34).
69
Increase (+) in foreign official assets in the United
States (line 49 less line 53).
II
III
IV
I
1984
1983
1984
1983
II r
III"
III
II
IV
I
II r
III"
332,201
200,257
12,737
11,408
3,037
12,802
6,275
1,579
6,474
630
83,269
50,337
3,084
2,904
826
3,141
1,605
393
1,604
252
82,422
48,312
3,028
3,462
893
3,302
1,462
395
1,613
141
85,636
52,283
2,827
2,320
665
3,308
1,745
399
1,628
114
90,319
53,856
2,544
2,777
686
3,223
1,534
404
1,733
120
90,770
56,276
2,555
2,968
907
3,352
1,524
409
1,772
185
89,317
53,475
2,711
3,240
866
3,618
1,513
415
1,847
141
81,355
48,745
3,084
2,806
792
3,122
1,608
393
1,604
228
84,826
50,437
3,028
2,998
685
3,241
1,509
395
1,613
118
84,910
51,829
2,827
2,772
781
3,326
1,603
399
1,628
136
90,689
53,935
2,544
2,886
826
3,289
1,628
404
1,733
144
88,900
54,563
2,555
2,875
877
3,332
1,526
409
1,772
169
91,672
55,497
2,711
2,801
671
3,551
1,560
415
1,847
118
20,757
51,414
4,832
205
5,344
12,469
1,311
30
5,414
13,094
1,306
49
5,834
13,429
1,085
84
8,431
13,790
1,222
41
4,741
14,772
1,309
44
4,375
15,749
1,366
45
5,261
12,469
1,243
30
6,427
13,094
1,281
49
4,982
13,429
1,198
84
8,364
13,790
1,146
41
4,637
14,772
1,413
44
5,429
15,749
1,323
45
94801 -98,472
-365,113 -90,183
64158 -66,978 -71,638
261 312
-12,222 -3,031 -3,083 -3,100
3701 -4,909 -2,984
-13,977
-5,532 -1,794 -1,511 -1,157
3,013 -3,251 -3,272
-12,322
62
-37
-28
-170
-72
-71
-70
-282
926
-891
-897
-3,609
-771
-441
-496
-2,193
106 814
-79,378
-2,914
-2,806
-1,293
-3,402
67
-72
-1,034
-430
112 986
-81,187
2959
-4,302
2157
-3,597
23
-72
-955
-418
94 529 -99,037 -108,215 -111,447
121 995
89 067
-87,451 -63,615 -67,938 -71,236 -79,790 -80,408
-2,959
-2,914
3100
2952 -3,031 -3,083
-3,996
-3,478
-5,412 -3,500 -3,741 -3,796
-1,738
-1,412
1490
-1,760 -1,449 -1,419
-3,462
-3,511
-3,930 -2,902 -3,190 -3,357
23
67
37
-62
-28
163
-72
-72
-71
-72
-70
-73
-955
-1,034
-891
-926
-897
960
-517
-519
-529
-508
-580
-471
121,754
-88,631
-2,952
-4,099
-1,653
-3,861
-163
-73
-960
-539
-6,734
-29,104
-17,657
-205
-8,651
1,700
-6,961
4,334
-30
-1,855
-1,753
-7,461
-4,416
-49
-2,119
-2,050
-7,924
-4,516
-84
-3,128
-2,459
-8,428
-4,665
-41
-2,121
-2,766
9823
-4,774
-44
-2,166
-3,024
-10,726
-5,073
-45
-2,793
-1,700
-6,961
-4,334
-30
-1,848
-1,753
-7,461
-4,416
-49
-2,143
-2,050
7924
-4,516
-84
-3,086
-2,459
-8,428
4,665
-41
-2,147
-2,766
-9,823
4,774
—44
-2,157
-3,024
-10,726
-5,073
-45
-2,818
-6,060
-1,210
-1,478
-2,398
-1,430
-1,431
-2,107
-1,210
-1,478
-2,398
-1,430
-1,431
-2,107
-1,579
-1,012
-49,490
1 196
-400
-246
-1,412
16
-393
-400
329
248
-9,089 -13,435
-953
529
-392
299
-3,200
-657
-412
323
-19,464
566
-384
-303
16,209
-799
-400
-238
-1,060
16
-400
-393
-288
-272
-9,223 -14,843
529
-953
-392
-325
-1,989
-657
-412
-314
-19,037
-566
-384
-327
16,024
-799
-271
-331
-303
-212
-271
331
66
-209
-88
545
-1,996
-226
-200
-288
-321
531
-1,251
826
-1,204
498
-1,429
-231
-2,037
44
-1,235
-197
-1,474
-2,347
989
-140
-2,422
1,208
-37
-2,756
1,512
40
2,376
925
22
-2,765
985
-257
-2,585
1,350
-2,347
1,013
140
-17,664
1,647
-820
2,120
18,505
1,313
-1,167
n.a
175
-232
-3,257
-230
-8,548 -12,461
-3,873 -1,568
-1,571
-983
-1,671
-233
705
3546
637
1,659
-17,237
2,075
-820
2,120
18,297
1,105
1,167
n.a.
1,955
-20,612
18,359
3,894
-2,871
-8,239
1,955
-20,612
18,359
-209
-88
545
-1,996
-226
-200
531
-1,249
826
-1,229
498
-1,305
-231
-2,138
44
-1,234
197
-1,498
-9,931
4,969
-52
-2,422
1,210
-37
-2,756
1,487
40
-2,376
1,049
22
-2,765
884
-257
-2,585
1,351
(*)
-43,281
4881
-7,676
-5,333
-179
-587
-3,257
-230
-8,388 -11,178
285
3713
-1,571
-983
-1,671
-233
-405
-4,656
637
1,659
-25,391
3,894
81,722
5,339
6,502
6,989
-487
199
433
-4,434
-303
-212
3,304
-5,013
'
288
-321
-2,871
-8,239
12,452
19,578
33,804
15,660
40,405
6,234
12,452
19,578
33,804
15,660
40,405
6,234
1,739
1,815
1,985
170
434
316
-2,703
-974
-611
-363
137
-1,403
6,555
3,020
2,603
417
161
3,498
-2,784
-296
-288
-8
242
-2,131
-345
163
-310
147
448
349
-1,022
492
-577
85
-244
201
1,739
1,815
1,985
-170
434
316
-2,703
-974
-611
-363
137
-1,403
6,555
3,020
2,603
417
161
3,498
2784
-296
288
242
-2,131
-345
-163
-310
147
448
349
-1,022
-492
-577
85
244
201
-1,795
76,383
11,299
"8,731
8,612
-1,318
-826
10,714
3,327
"3,139
2,614
-64
-463
22,281
3,322
"995
1,861
1,311
-124
27,249
2,345
1,673
1,134
-228
-599
18,444
2,391
1,358
1,516
4,404
-979
40,750
8,842
6,477
587
4,055
-487
7,256
4,298
5,153
1,684
n.a.
-826
10,714
3,327
"3,139
2,614
-64
-463
22,281
3,322
"995
1,861
1,311
-124
27,249
2,345
1,673
1,134
-228
-599
18,444
2,391
1,358
1,516
4,404
-979
40,750
8,842
6,477
587
4,055
-487
7,256
4,298
5,153
1,684
n.a.
49,059
1,698
14,792
22,325
8,775
20,789
-3,879
1,698
14,792
22,325
8,775
20,789
-3,879
9,331
-2,272
4,009
-4,405
6,156
3,440
13,028
-1,833
1,491
-1,748
6,002
3,336
-10,642
439
-2,518
2,657
-154
-104
3
-2,386
-61,055 -13,821 -18,666 -19,355
-32,912 -6,913 -12,379 -12,837
-35,503 -7,559 -13,020 -13,566
-25,522
-16,495
-17,186
-24,911
-22,216
-22,950
-33,976 -14,870 -17,501 -19,407
-32,678 -7,712 -9,703 -14,127
-33,364 -8,350 -10,368 -14,815
-25,855
-17,526
-18,243
-25,845
-22,547
-23,273
-33,134
-30,082
-30,793
-8,769 -14,498 -15,964
-18,616
-24,381
-35,471
-9,560 -11,846 -17,213
-19,673
-24,704
-32,900
-41,563
-1,196
16
529
-953
-657
-566
-799
16
529
5,140
1,305
-2,840
6,394
-3,026
-793
-778
1,305
-2,840
-953
-657
-566
-799
6,394
-3,026
-793
-778
See footnotes on page 64.
47
SURVEY OF CURRENT BUSINESS
48
December 1984
Table 3.—U.S. Merchandise Trade
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
I
I
IV
III
II
II
1984
1983
1984
1983
1983
r
III"
I
IV
III
II
I
II r
III"
A
Balance of payment adjustments to Census
trade data:
EXPORTS
1 Merchandise exports, Census basis1 including reexports and excluding military grant
shipments.
200,486
50,060
50,234
48,709
50,325
51,394
53,266
53,104
55,656
38
57
52
36
75
60
52
38
57
224
99
27
45
38
57
382
1,378
242
719
249
1,355
265
1,213
271
1,162
381
1,283
394
1,353
386
1,378
-1,535 -1,701
-1,805
-1,899
-1,141
-1,344
-1,276
-1,535
-115
529
-259
86
201
497
171
41
-289
244
583
54,895
53,270
60
52
45
38
50,491
48,377
51,558
53,782
36
75
27
Adjustments:
2
Private gift parcel remittances
220
57
52
3
Gold exports, nonmonetary
350
224
99
4
5
Inland U.S. freight to Canada
U.S-Canadian
reconcilation
adjustments,
n.e.c., net.2
Merchandise exports transferred under
U.S. military agency sales 3contracts
identified in Census documents.
Other adjustments net 4
Of which quarterly
seasonal adjustment
discrepancy.5
1,027
4,449
236
719
260
1,355
259
1,213
272
1,162
369
1,283
412
1,353
-6,546 -1,701
-1,805
-1,899
-1,141
-1,344
-1,276
271
-270
115
326
330
339
802
200,257
49,325
50,337
48,312
52,283
53,856
56,276
53,475
49,246
48,745
50,437
51,829
53,935
54,563
55,497
258,048
58,053
63,504
66,379
70,112
79,346
80,731
86,460
58,459
62,276
66,993
70,423
79,504
79,293
87,880
999
290
1,357
38
228
117
334
226
89
342
38
260
40
313
285
44
368
272
71
414
242
149
363
311
141
361
188
117
334
227
89
342
38
289
40
313
295
44
368
244
71
414
251
149
363
373
141
361
-451
-69
-119
-129
-134
-149
-204
-229
-69
-119
-129
-134
,-149
-204
1,031
-125
78
115
963
-576
-94
407
-506
-381
762
684
432
317
240
723
-294
282
556
650
105
302
261,312
58,538
64,158
66,978
71,638
79,378
81,187
87,451
58,523
63,615
67,938
71,236
79,790
80,408
88,631
200,257
49,325
50,337
48,312
52,283
53,856
56,276
53,475
49,246
48,745
50,437
51,829
53,935
54,563
55,497
54,878
43,333
4,973
5,972
8,358
3,902
7,635
10,385
2,216
11,545
14,948
11,549
1,244
1,807
2,072
1,135
2,224
2,671
572
3,399
13,674
10,872
1,216
1,510
2,108
1,023
1,834
2,656
541
2,802
12,348
9,906
1,150
1,248
1,992
794
1,751
2,407
554
2,442
13,908
11,006
1,363
1,407
2,186
950
1,826
2,651
549
2,902
14,853
11,920
1,316
1,561
2,327
1,158
2,068
2,929
561
2,933
14,063
11,592
1,303
1,540
2,207
1,146
1,892
2,921
583
2,471
13,279
11,027
1,293
1,442
2,082
948
1,587
3,084
591
2,252
14,931
11,546
1,244
1,821
2,072
1,134
2,189
2,693
570
3,385
13,240
10,518
1,175
1,456
2,040
994
1,793
2,554
522
2,722
12,915
10,341
1,202
1,293
2,080
830
1,853
2,495
580
2,574
13,791
10,928
1,352
1,403
2,166
945
1,801
2,643
545
2,863
14,857
11,948
1,318
1,573
2,332
1,156
2,045
2,959
565
2,909
13,599
11,199
1,257
1,486
2,127
1,111
1,848
2,806
564
2,400
13,762
11,407
1,340
1,487
2,151
983
1,649
3,183
614
2,355
43,812
21,677
6,584
9,881
4,728
1,430
11,670
5,208
1,844
10,526
5,597
1,653
11,735
6,144
1,656
12,923
5,582
1,944
14,555
6,015
2,068
12,844
5,683
1,928
9,967
4,676
1,448
11,285
5,066
1,775
10,833
5,892
1,709
11,728
6,043
1,650
13,068
5,547
1,958
14,056
5,878
1,997
13,197
5,938
1,990
6
7
8
9 Equals: Merchandise exports, adjusted to
balance of payments basis, excluding
"military" (table 1, line 2).
IMPORTS
10 Merchandise imports, Census basis1 (general
imports).
898
96/-
-483
-368
Adjustments:
11
12
13
14
Electric energy
Gold imports, nonmonetary
Inland freight in Canada
U.S.-Canadian
reconciliation adjustments,
n.e.c., net.2
Merchandise imports of U.S. military 3agencies identified in Census documents.
Other adjustments, net 6
Of which quarterly
seasonal adjustment
discrepancy.5
15
16
17
18 Equals: Merchandise imports, adjusted to
balance of payments basis, excluding
"military" (table 1, line 16).
B Merchandise trade, by area and country,
adjusted to balance of payments basis,
excluding military: 7
EXPORTS
1 Total, all countries
-229
2
3
4
5
6
7
8
9
10
11
Western Europe
European Communities (10)
Belgium and Luxembourg
France
Germany, Federal Republic of
Italy
Netherlands
United Kingdom
Other
Western Europe, excluding EC (10)
12
13
14
Canada2
Japan
Australia, New Zealand, and South Africa...
15
Eastern Europe
2,918
806
618
396
1,098
968
941
919
778
631
437
1,074
929
948
988
16
25,582
6,199
6,155
6,767
6,461
6,876
7,298
7,598
6,172
5,957
7,069
6,383
6,885
7,078
7,896
17
18
19
20
Latin America and Other Western Hemisphere.
Brazil
MexicoVenezuela
Other ..
2,550
9,081
2,700
11,251
571
2,085
853
2,690
673
2,309
519
2,653
671
2,419
589
3,089
635
2,268
739
2,819
508
2,816
841
2,711
671
2,904
809
2,914
781
3,046
829
2,942
569
2,069
851
2,684
653
2,240
503
2,561
699
2,527
620
3,223
630
2,244
726
2,783
509
2,815
839
2,722
650
2,816
788
2,824
809
3,159
863
3,065
21
22
23
24
25
26
27
28
Other countries in Asia and Africa
Asia
Members of OPEC
China
Hong Kong
Korea, Republic of ..
Singapore
Taiwan
44,742
38,354
10,143
2,173
2,561
5,670
3,702
4,260
11,332
9,605
2,660
669
571
1,377
933
822
11,135
9,691
2,586
365
683
1,424
1,186
1,044
11,025
9,295
2,517
398
621
1,398
714
1,167
11,251
9,763
2,380
741
686
1,471
869
1,227
10,710
9,350
2,220
570
656
1,387
824
1,102
11,303
9,854
2,110
578
835
1,602
941
1,165
11,224
9,595
2,052
824
772
1,460
859
1,164
11,276
9,581
2,672
661
573
1,360
947
811
10,758
9,357
2,471
360
660
1,388
1,143
1,013
11,584
9,744
2,633
415
646
1,476
740
1,230
11,127
9,672
2,367
738
682
1,446
872
1,207
10,691
9,350
2,231
568
657
1,376
832
1,095
10,974
9,550
2,043
563
808
1,565
905
1,131
11,726
10,003
2,136
861
801
1,526
888
1,217
5,820
1,713
1,639
467
1,453
424
1,441
389
1,287
433
1,309
357
1,381
308
1,551
278
1,610
463
1,413
414
1,537
411
1,260
424
1,292
353
1,358
303
1,642
294
29
30
31
32
33
34
•.
Africa
Members of OPEC
International organizations and unallocated.
Memoranda:
Industrial countries7 7
Members of OPEC
Other countries 7
See footnotes on page 64.
126,951
15,149
58,092
30,987
4,096
14,242
32,396
3,681
14,227
33
33
33
66
30,123
3,672
14,518
33,440
3,700
15,110
35,302
3,614
14,940
36,701
3,373
16,169
33,734
3,305
16,436
31,020
4,101
14,125
31,366
,3,534
13,812
33
33
33
31,349
3,849
15,241
33,212
3,664
14,920
35,430
3,618
14,887
35,530
3,276
15,724
34,887
3,447
17,163
SURVEY OF CURRENT BUSINESS
December 1984
49
Table 3.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
I
II
III
II r
I
IV
1984
1983
1984
1983
1983
III"
I
I
IV
III
II
iii"
II r
B Merchandise trade, by area and country,
adjusted to balance of payments
basis,
excluding military— Continued 7
IMPORTS
35 Total, all countries
261,312
58,538
64,158
66,978
71,638
79,378
81,187
87,451
58,523
63,615
67,938
71,236
79,790
80,408
88,631
36
37
38
39
40
41
42
43
44
45
Western Europe
European Communities (10)
Belgium and Luxembourg
France
Germany, Federal Republic of
Italy
Netherlands
United Kingdom
Other
Western Europe, excluding EC (10)
53,896
43,740
2,402
6,011
12,642
5,444
2,960
12,392
1,862
10,157
12,587
10,071
578
1,574
2,932
1,296
604
2,668
429
2,517
13,767
11,046
667
1,501
3,158
1,330
758
3,160
482
2,721
13,758
11,369
599
1,484
3,042
1,475
781
3,534
419
2,389
13,784
11,254
558
1,452
3,510
1,343
817
3,030
532
2,530
17,673
14,232
829
1,985
4,383
1,877
1,065
3,493
600
3,441
17,092
13,666
756
1,792
4,151
1,769
1,107
3,448
643
3,426
19,127
15,301
832
2,377
4,290
2,371
963
3,775
693
3,826
12,636
10,107
580
1,586
2,957
1,305
602
2,654
433
2,529
13,615
10,924
659
1,477
3,111
1,310
753
3,148
475
2,691
13,950
11,528
608
1,505
3,087
1,496
792
3,580
425
2,422
13,695
11,181
555
1,442
3,488
1,334
812
3,011
528
2,515
17,819
14,346
836
2,013
4,446
1,896
1,061
3,487
607
3,473
16,882
13,499
747
1,764
4,084
1,743
1,100
3,427
634
3,383
19,371
15,498
843
2,407
4,344
2,401
976
3,825
702
3,873
46
47
48
Canada 2
Japan
Australia, New Zealand, and South Africa....
54,360
41,307
5,317
12,513
9,294
1,133
13,999
9,822
1,328
12,807
10,172
1,286
15,041
12,019
1,568
16,677
12,999
1,258
17,707
14,063
1,428
16,554
16,393
1,490
12,530
9,372
1,142
13,840
9,672
1,306
13,020
10,321
1,305
14,970
11,942
1,562
16,815
13,187
1,280
17,492
13,834
1,408
16,817
16,596
1,509
49
Eastern Europe
1,371
292
308
412
359
480
430
643
292
305
418
356
479
428
651
50
41,866
9,461
10,771
10,538
11,096
12,402
11,886
12,107
9,357
10,787
10,681
11,042
12,313
11,874
12,272
51
52
53
54
Latin America and Other Western Hemisphere.
Brazil .
Mexico
Venezuela
Other
4,953
16,774
4,937
15,204
1,098
3,804
1,185
3,374
1,165
4,405
1,243
3,959
1,279
4,171
1,243
3,846
1,411
4,394
1,266
4,025
1,657
4,592
1,530
4,623
1,742
4,497
1,769
3,878
2,144
4,448
1,657
3,858
1,103
3,758
1,153
3,342
1,152
4,414
1,264
3,958
1,297
4,227
1,259
3,898
1,402
4,373
1,262
4,006
1,675
4,563
1,486
4,589
1,720
4,495
1,798
3,861
2,172
4,511
1,681
3,908
55
56
57
58
59
60
61
62
Other countries in Asia and Africa
Asia
Members of OPEC
China
Hong Kong
i
Korea, Republic of
'.
Singapore
Taiwan
63,195
50,544
10,873
2,248
6,374
7,192
2,864
11,204
13,257
10,656
2,112
534
1,439
1,448
546
2,390
14,165
11,247
1,934
538
1,418
1,709
720
2,573
18,005
13,962
3,118
610
1,723
2,114
735
3,024
17,770
14,679
3,709
566
1,794
1,921
863
3,217
17,889
14,828
2,516
738
1,929
2,154
968
3,380
18,581
15,412
3,078
753
1,742
2,418
929
3,636
21,137
18,064
3,285
881
2,435
3,675
1,077
4,388
13,195
10,649
2,055
535
1,450
1,459
550
2,409
14,092
11,144
1,963
534
1,396
1,682
711
2,533
18,242
14,155
3,158
619
1,747
2,144
746
3,067
17,668
14,594
3,697
562
1,781
1,908
857
3,195
17,897
14,913
2,447
745
1,957
2,185
979
3,428
18,490
15,279
3,123
747
1,714
2,380
916
3,576
21,415
18,296
3,335
892
2,465
3,720
1,091
4,442
12,398
7,945
2,545
1,440
2,909
1,886
3,996
2,806
2,948
1,813
3,043
1,706
3,145
1,976
3,051
1,699
2,486
1,398
2,938
1,911
4,041
2,834
2,932
1,801
2,965
1,650
3,187
2,013
3,096
1,724
154,880
25,185
81,247
35,526
4,995
18,015
38,916
5,432
19,812
38,023
7,621
21,335
42,412
7,137
22,088
48,607
6,217
24,554
50,290
7,222
23,675
53,564
7,073
26,814
35,679
4,861
17,983
38,432
5,508
19,676
38,596
7,710
21,632
42,169
7,107
21,960
49,101
6,038
24,651
49,616
7,335
23,457
54,293
7,179
27,159
63
64
65
Africa .
Members of OPEC
International organizations and unallocated.
Memoranda:
66
67
68
Industrial countries7 7
Members of OPEC
Other countries 7 . ...
BALANCE (EXCESS OF EXPORTS +)
69 Total, all countries
. . ...
-61,055
9,213 -13,821 -18,666 -19,355 -25,522 -24,911
33976 -9,277 -14,870 -17,501 -19,407
70
71
72
73
74
75
76
77
78
79
Western Europe
:....
European Communities (10)
Belgium and Luxembourg
France
Germany, Federal Republic of
Italy
Netherlands
United Kingdom
Other
Western Europe excluding EC (10)
2,361
1,478
666
233
-860
-161
1,620
3
143
882
-93
-174
549
9
-1,050
-307
1,076
-504
59
81
-1,410
-1,463
551
-236
1 050
-681
970
1 127
135
53
80
81
82
Canada 2
-10,548 -2,632
Japan
-19,630 -4,566
Australia, New Zealand, and South Africa....
297
1,268
-2,329
-4,614
516
2281
-4,575
365
83
Eastern Europe
514
310
-16
739
488
511
84
-4,616
-3,771
-4,635
-5,526
-4,588
85
86
87
88
Latin America and Other Western Hemi- -16,284 -3,262
sphere.
Brazil
-2,403
-527
Mexico
-7,693 -1,719
Venezuela
-2,237
-332
Other
-3,953
-684
-492
-2,096
-724
1306
-608
-1,752
654
-776
2 126
757
1206
89
90
91
92
93
94
95
96
Other countries in Asia and Africa
Asia
Members of OPEC
China
Hong Kong
Korea Republic of
Singapore
Taiwan .
1 925 -3,030
18453
-12,190 -1,051 -1,556
652
730
548
-173
-75
135
-735
-3,813 -868
-285
-1,522
-71
466
838
387
-6,944
1568 -1,529
-6,978
-4,667
601
-212
1 102
-716
21
-1,857
-6,519
-4,916
-1,329
175
1 108
-450
6
-1,990
-7,179
5478
-296
-168
1273
-767
144
-2,278
-7,278
5558
-968
-175
-907
-816
12
-2,471
2555
-2,417
-1,661
-1,380
-1,734
-1,349
-1,764 -1,500
1 698
1 668
97
98
99
Africa
Members of OPEC
International organizations and unallocated.
982
-407
2,571
-39
-4,284
-1,542
4,675
-2,007
354
1,388
1,547
6578
-6,232
906
-973
66
1456
-1,462
124 -2,820
-248
2312
805
487
-45
-424
1 324
2056
-393
-719
1,009
1,003
379
564
17
-39
372
508
3306
-5,875
88
527
3754
-7,417
686
-375
406
516
-21
-1,071
-316
1,040
-594
47
31
-1,035
1 187
594
-212
1 007
-666
1,061
-1,085
155
152
-3,152 -3,710 -2,563
-8,048 -10,710 -4,696
306
438
640
-2,555
-4,606
469
-2,187
-4,429
404
-5,848
4 274
461
935
-2,208
-1,423
624
-691
102
-1,574
25,855 -25,845 -33,134
2962
96
-253 -2,398
482
797
-440
-39
1 322 -2,114
-740
-389
984
989
-528
368
-42
17
-564
348
-3,242
-5,899
88
-3,747
-7,640
678
3,283
-2,300
510
278
-1,957
-632
748
-621
70
-983
-5,609
4091
497
-920
-2,193
-1,418
673
-642
-88
-1,518
3 620
3 436
-7,956 -10,658
589
481
486
326
19
718
450
520
337
-4,509 -3,185
-4,830
-3,612
-4,659
-5,428
-4,796
-4,376
-1,149
534
1 363
1 071
1 776 -1,593 -1,402 -1,689
-302
-828
689
-960
-1,912
-964
-658
-916
499
-2,174
-761
-1,397
-598
-1,700
-639
-675
-772
-2,129
-536
-1,223
-1,166 -1,070 -1,363
1679 -1,352
1 748
1 010
-818
647
843
-1,867
1037
3 334
1 919
9 913
1 068 -1,787
8 469
617
-1,233
508
174
126
57
-736
-877
-1,663
294
-2,215
-99
432
397
218
-3,224 -1,598 -1,520
6 660
4411
-525
-204
-1,101
668
-6
-1,837
-6,541
4 922
-1,330
176
-1,099
-462
15
-1,988
-7,206
5 563
-216
-177
-1,300
-809
147
-2,333
33
33
2,295
1,439
664
235
-885
-171
1,587
39
137
856
-3,029
2074
547
-252
-1,944
-623
785
-527
-60
955
276
-876
935
33
-1,525 -2,504
2423
1 497
-9,689
-8,293
-1,199
-31
1,664
-2,194
203
-3,225
-1,672 -1,673 -1,829 -1,454
1 297
1 710 -1,430
1 377
33
33
-7,516
-5,729
-1,080
-184
906
-815
11
-2,445
33
Memoranda:
100
101
102
Industrial countries7 7
Members of OPEC
Other countries 7
See footnotes on page 64.
-27,929 -4,539
899
10036
-23,157 -3,775
-6,518
1751
-5,585
-7,900
-3,949
-6,817
-8,970
-3,437
-6,980
13 305
-2,603
-9,614
13 589 -19,830 -4,659
-3,849 -3,768
-760
-7,506 -10,378
3 858
-7,066
-1,974
5864
-7,247
-3,861
6 391
-8,957 -13,671 -14,086 -19,406
-3,443 -2,420 -4,059 -3,732
9996
7 040
9764 -7,733
50
SURVEY OF CURRENT BUSINESS
December 1984
Table 3.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
I
II
III
IV
II r
I
1984
1983
1984
1983
1983
III"
I
II
III
IV
I
II r
nip
C Merchandise trade, by principal end use
category, adjusted to balance
of payments
basis, excluding military.2
EXPORTS
200,257
36,639
163,618
49,325
9,456
39,869
50,337
8,572
41,765
48,312
8,282
40,031
52,283
10,329
41,954
53,856
10,883
42,972
56,276
9,091
47,183
53,475
8,314
45,161
49,246
8,823
40,423
48,745
8,706
40,039
50,437
9,306
41,131
51,829
9,804
42,026
53,935
10,304
43,631
54,563
9,275
45,288
55,497
9,031
46,466
Foods, feeds, and beverages
Foods, feeds, and beverages-agricultural ....
Grains
Soybeans
Other agricultural foods, feeds, and
beverages.
Nonagricultural foods, feeds, and beverages.
31,134
30,090
17,838
5,932
6,320
8,012
7,847
4,766
1,654
1,428
7,235
7,030
4,078
1,297
1,655
7,311
6,841
4,011
1,232
1,598
8,576
8,372
4,983
1,750
1,640
8,802
8,642
4,861
1,904
1,877
7,444
7,270
4,156
1,389
1,725
7,220
6,787
4,515
707
1,565
7,712
7,441
4,529
1,407
1,505
7,407
7,135
4,184
1,331
1,620
7,780
7,508
4,000
1,780
1,728
8,234
8,006
5,125
1,414
1,467
8,631
8,371
4,653
1,652
2,065
7,642
7,411
4,269
1,454
1,688
7,392
7,141
4,412
1,033
1,696
1,044
166
204
470
204
160
174
433
272
272
272
228
260
231
251
10
11
12
13
14
15
16
17
Industrial supplies and materials
Agricultural
Nonagricultural
Energy products
Fuels and lubricants
Petroleum and products
Other nonagricultural
Nonmonetary gold
58,023
6,169
51,854
9,860
9,857
4,997
41,994
1,704
14,260
1,504
12,756
2,587
2,586
1,583
10,170
667
14,812
1,443
13,370
2,674
2,673
1,298
10,696
404
14,278
1,358
12,921
2,324
2,323
1,059
10,597
331
14,673
1,865
12,808
2,276
2,275
1,058
10,532
302
15,096
2,125
12,970
1,952
1,943
986
11,018
363
16,051
1,698
14,353
2,683
2,683
1,201
11,670
405
16,174
1,440
14,734
2,521
2,520
1,049
12,213
799
14,296
1,277
13,020
2,756
2,755
1,447
10,264
667
14,300
1,473
12,827
2,537
2,536
1,291
10,290
404
14,688
1,713
12,975
2,346
2,346
1,164
10,629
331
14,738
1,706
13,032
2,221
2,220
1,095
10,811
302
15,058
1,818
13,240
2,098
2,089
900
11,141
363
15,528
1,743
13,785
2,538
2,537
1,183
11,247
405
16,587
1,800
14,786
2,560
2,559
1,162
12,227
799
18
19
20
21
22
Capital goods, except automotive
Machinery, except consumer-type
Civilian aircraft, complete-all types
Parts and engines for civilian aircraft
Other transportation equipment
68,279
55,618
5,797
5,105
1,758
17,142
13,431
1,870
1,306
534
17,419
13,867
1,830
1,319
403
16,377
13,918
860
1,177
422
17,341
14,402
1,238
1,302
399
17,664
14,934
854
1,486
390
18,678
15,643
1,247
1,418
370
17,949 17,324
15,325 13,623
820 , 1,844
1,323
1,401
535
403
16,916
13,566
1,666
1,288
395
16,857
14,112
1,125
1,197
423
17,182
14,317
1,162
1,298
405
17,900
15,175
831
1,502
391
18,169
15,305
1,116
1,386
362
18,432
15,532
1,072
1,424
404
23
24
25
Automotives 8vehicles, parts and engines
To Canada .
To all other areas
18,327
13,578
4,748
4,209
3,038
1,171
4,976
3,814
1,162
4,121
2,934
1,188
5,020
3,793
1,227
5,675
4,394
1,281
5,996
4,676
1,320
5,126
3,802
1,324
4,159
2,991
1,167
4,399
3,237
1,162
4,712
3,494
1,218
5,057
3,857
1,200
5,650
4,369
1,281
5,298
3,975
1,323
5,886
4,544
1,342
26
Consumer goods (nonfood), except automotive.
All other, including balance of payments
adjustments not included in lines C 4-26.
13,934
3,437
3,556
3,458
3,482
3,466
3,548
3,410
3,450
3,410
3,550
3,524
3,487
3,403
3,501
10,561
2,265
2,338
2,766
3,192
3,151
4,556
3,598
2,304
2,312
2,851
3,093
3,209
4,523
3,699
261,312
58,538
64,158
66,978
71,638
79,378
81,187
87,451
58,523
63,615
67,938
71,236
79,790
80,408
88,631
10,770
47,753
12,827
50,789
15,922
52,016
14,284
56,951
13,852
65,938
14,903
65,505
14,463
74,168
1 Total (A-9)
2
Agricultural products
3
Nonagricultural products
4
5
6
7
8
9
27
IMPORTS
28 Total (A-18)
29
30
Petroleum and products
Nonpetroleum products
31
Foods, feeds, and beverages
32
33
34
35
36
Industrial supplies and materials .
Energy products
Fuels and lubricants
Nonenergy products
Nonmonetary gold
37
38
39
40
Capital goods, except automotive
Machinery, except consumer-type
Civilian aircraft, engines and parts
Other transportation equipment
41
42
43
44
45
46
47
,
53,804
207,508
11,141
47,397
12,592
51,566
15,735
51,242
14,335
57,303
14,349
65,029
14,614
66,573
14,246
73,205
18,186
4,422
4,640
4,353
4,771
5,168
5,184
5,389
4,462
4,524
4,604
4,596
5,236
5,072
5,737
107,392
59,939
58,940
47,453
2,411
23,877
13,228
13,000
10,649
585
26,235
14,039
13,813
12,196
725
29,095
16,880
16,620
12,215
585
28,185
15,792
15,507
12,394
516
30,910
16,030
15,758
14,881
700
31,188
15,969
15,728
15,219
979
31,631
15,601
15,290
16,030
878
23,200
12,546
12,358
10,654
585
26,320
14,392
14,165
11,927
725
29,565
17,242
16,953
12,323
585
28,307
15,759
15,464
12,548
516
30,256
15,293
15,049
14,963
700
31,255
16,351
16,100
14,904
979
32,162
15,998
15,624
16,164
878
41,013
37,738
2,956
319
9,089
8,148
913
28
9,926
9,154
652
120
10,388
9,676
669
42
11,610
10,759
722
129
13,962
12,842
1,068
52
14,423
13,407
771
245
17,300
15,806
1,144
350
9,340
8,399
913
28
9,748
8,976
652
120
10,451
9,739
669
42
11,474
10,623
722
129
14,368
13,248
1,068
52
14,142
13,126
771
245
17,394
15,900
1,144
350
Automotive vehicles, parts and engines
From Canada
Passenger cars, new and used
From all other ureas. .. . . .
Passengers cars, new and used
42,028
16,937
7,278
25,091
16,291
9,508
3,726
1,738
5,781
3,971
10,874
4,662
2,154
6,212
4,096
9,310
3,481
1,248
5,829
3,650
12,337
5,068
2,137
7,269
4,574
13,593
5,663
2,481
7,930
5,034
14,700
6,340
2,875
8,360
5,159
13,328
5,264
2,203
8,064
4,695
9,270
3,748
1,725
5,522
3,726
10,207
4,270
1,845
5,937
3,836
10,303
4,039
1,627
6,264
4,067
12,248
4,880
2,081
7,368
4,662
13,331
5,707
2,455
7,624
4,747
13,798
5,767
2,428
•8,032
4,847
14,807
6,170
2,856
8,637
5,240
Consumer goods (nonfood) except automotive.
All other, including balance of payments
adjustments not included in lines C 3146.
45,313
10,113
10,635
11,922
12,644
13,865
13,698
17,425
10,672
11,050
11,107
12,483
14,664
14,239
16,163
7,380
1,530
1,849
1,911
2,090
1,881
1,994
2,378
1,578
1,768
1,907
2,127
1,935
1,900
2,368
See footnotes on page 64.
,
51
SURVEY OF CURRENT BUSINESS
December 1984
Table 3.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1983
I
D Merchandise trade, by end-use category,
Census basis,1 including military grant
shipments:
1 Merchandise exports, Census basis, including military grant shipments.
2
3
4
Agricultural products
Nonagricultural products
Excluding military grant shipments
II
III
IV
II
I
1984
1983
1984
1983
III"
I
II
III
IV
I
II
III"
200,538
50,076
50,504
48,380
51,578
53,787
54,900
53,277
49,991
48,923
50,499
51,125
53,855
53,207
55,294
36,457
164,081
164,029
9,419
40,657
40,641
8,540
41,964
41,951
8,259
40,121
40,118
10,238
41,340
41,320
10,839
42,948
42,942
9,050
45,849
45,842
8,272
45,005
44,999
8,786
41,204
41,189
8,674
40,249
40,236
9,284
41,215
41,212
9,712
41,412
41,393
10,260
43,595
43,588
9,235
43,972
43,966
8,988
46,306
46,299
Foods, feeds, and beverages
30,940
7,973
7,200
7,286
8,480
8,775
7,417
7,183
7,673
7,373
7,755
8,139
8,604
7,615
7,356
6
7
8
9
10
Agricultural
Grains and preparations
Wheat
Soybeans
......
Other agricultural goods, feeds and
beverages.
29,908
17,776
6,557
5,914
6,218
7,810
4,756
1,962
1,643
1,412
6,998
4,068
1,525
1,306
1,624
6,819
4,026
1,478
1,223
1,569
8,281
4,926
1,592
1,741
1,614
8,618
4,873
1,573
1,897
1,848
7,246
4,166
1,441
1,386
1,694
6,755
4,537
2,176
690
1,529
7,404
4,519
1,884
1,396
1,489
7,104
4,175
1,668
1,340
1,589
7,486
4,015
1,312
1,772
1,699
7,915
5,068
1,693
1,406
1,441
8,347
4,666
1,509
1,645
2,036
7,386
4,279
1,585
1,450
1,657
7,110
4,434
1,955
1,016
1,660
11
Nonagricultural (fish, distilled beverages,
etc.).
1,032
164
201
467
200
157
171
428
270
269
269
224
257
228
246
56,461
13,836
14,336
13,939
14,350
14,655
15,627
15,678
13,872
13,823
14,350
14,416
14,617
15,104
16,091
6,169
1,833
1,462
2,874
1,504
431
302
770
1,443
520
297
626
1,358
400
276
682
1,865
482
587
796
2,105
832
369
904
1,682
664
260
758
1,429
428
216
786
1,277
298
325
654
1,473
478
330
666
1,713
519
397
797
1,706
539
410
758
1,798
613
395
790
1,727
640
284
803
1,789
574
308
907
50,292
9,857
4,123
4,997
12,332
2,586
849
1,583
12,893
2,673
1,073
1,298
12,582
2,323
1,144
1,059
12,485
2,275
1,057
1,058
12,549
1,943
791
986
13,945
2,683
1,234
1,201
14,249
2,520
1,305
1.049
12,596
2,755
1,153
1,447
12,350
2,536
943
1,291
12,637
2,346
1,062
1,164
12,709
2,220
965
1,095
12,819
2,089
1,023
900
13,377
2,537
1,107
1,183
14,301
2,559
1,230
1,162
5
12
Industrial supplies and materials
13
14
15
16
Agricultural
Raw cotton, including linters
Tobacco, unmanufactured
Other agricultural industrial supplies
(hides, tallows, etc.).
17
18
19
20
Nonagricultural
Fuels and lubricants 9
Coal and related fuels
Petroleum and products
21
22
23
24
Paper amd paper base stocks
Textile supplies and materials
Chemicals excluding medicinals
Other nonmetals (minerals, wood,
rubber, tires, etc.).
4,256
2,335
16,404
8,15a
993
591
3,964
1,902
1,104
609
4,019
2,098
1,062
557
4,230
2,093
1,097
577
4,191
2,060
1,096
609
4,467
2,123
1,193
631
4,700
2,225
1,173
621
4,957
2,093
1,028
604
3,959
1,917
1,026
592
3,914
1,980
1,065
568
4,178
2,133
1,136
571
4,354
2,123
1,136
622
4,466
2,148
1,112
614
4,594
2,104
1,177
630
4,889
2,126
25
26
27
Steel making materials
Iron and steel products
Other metals, primary and advanced,
including advanced steel.
Precious metals (gold, silver, platinum).
834
1,828
6,625
132
459
1,705
237
470
1,683
228
444
1,646
237
456
1,592
205
454
1,654
307
466
1,739
359
428
2,098
142
475
1,715
205
453
1,644
232
451
1,665
255
449
1,601
222
471
1,665
264
451
1,701
368
434
2,118
2,060
637
523
477
423
451
481
861
637
523
477
423
451
481
861
67,248
54,809
16,981
13,313
17,084
13,612
16,110
13,718
17,073
14,165
17,315
14,645
18,342
15,420
17,609
15,052
17,163
13,505
16,581
13,312
16,590
13,912
16,914
14,081
17,551
14,886
17,833
15,081
18,092
15,259
Electrical and electronic, including
parts and attachments.
Generators, transformers and accessories.
Broadcasting and communications
equipment.
Telephonic and other electrical apparatus.
13,178
3,061
3,251
3,379
3,487
3,682
3,835
3,695
3,160
3,147
3,399
3,472
3,804
3,720
3,704
1,657
402
449
400
405
429
453
374
424
419
414
400
453
422
386
6,625
1,496
1,618
1,728
1,784
1,864
1,991
1,968
1,550
1,590
1,717
1,768
1,934
1,956
1,948
4,896
1,163
1,184
1,250
1,298
1,389
1,392
1,354
1,186
1,138
1,268
1,304
1,416
1,341
1,370
Nonelectrical, including parts and attachments.
Construction machinery and nonfarm tractors.
Textile and other specialized industry machinery.
Other industrial machinery, n.e.c
Agricultural machinery and farm
tractors.
Business and office machines, computers, etc.
Electronic computers and parts
Scientific, professional, and service
industry equipment.
Civilian aircraft, engines, parts
Civilian aircraft, complete, all types
Other transportation equipment
Automotive vehicles, parts and engines
To Canada 8
To all other areas
Passenger cars new and used
Trucks, buses, and special vehicles
Bodies, engines, parts and accessories,
n.e.c.
41,631
10,253
10,362
10,339
10,678
10,963
11,584
11,357
10,345
10,165
10,513
10,608
11,083
11,361
11,554
6,451
1,672
1,601
1,656
1,523
1,562
1,679
1,539
1,739
1,550
1,628
1,535
1,648
1,616
1,512
3,104
798
787
721
798
846
943
976
825
772
752
755
875
928
1,018
13,150
1,468
3,324
303
3,260
417
3,255
403
3,311
345
3,363
363
3,292
508
3,187
419
3,335
299
3,217
358
3,307
427
3,291
384
3,379
362
3,252
437
3,233
444
12,538
2,878
3,083
3,104
3,472
3,556
3,893
4,014
2,873
3,079
3,172
3,413
3,551
3,884
4,100
11,029
4,921
2,542
1,278
2,723
1,214
2,736
1,200
3,028
1,229
3,147
1,272
3,482
1,269
3,618
1,222
2,536
1,274
2,722
1,189
2,789
1,228
2,983
1,230
3,139
1,268
3,476
1,245
3,689
1,248
10,695
5,691
1,744
17,044
3,077
1,791
394
4,594
2,293
852
377
5,278
2,568
1,198
354
2,255
1,089
423
4,370
2,428
1,152
405
3,956
2,883
1,628
386
4,017
2,405
1,067
346
4,891
2,442
1,064
390
5,499
4,269
1,320
1,154
509
3,001
3,997
1,281
1,309
589
3,380
1,433
648
3,508
2,788
1,167
971
437
2,547
2,855
1,162
998
451
2,567
3,152
1,218
1,153
537
2,680
4,701
3,501
1,200
1,128
554
3,019
2,287
828
378
5,253
3,437
1,227
2,168
812
389
4,739
3,415
1,324
947
601
3,191
3,129
1,823
530
1,259
522
2,814
1,970
824
422
3,779
2,592
1,188
878
512
2,390
2,509
1,228
399
4,664
12,295
4,748
4,251
1,980
10,813
3,138
1,849
529
4,006
2,835
1,171
961
438
2,608
3,972
1,281
1,342
600
3,311
3,568
1,323
1,144
545
3,202
4,157
1,342
1,252
654
3,594
52
Consumer goods (nonfood), except automotive.
13,444
3,358
3,407
3,324
3,354
3,334
3,419
3,266
3,371
3,261
3,416
3,396
3,355
3,274
3,357
53
54
55
Consumer durables, manufactured
Consumer nondurables, manufactured
Unmanufactured consumer goods (gem
stones).
5.304
7,672
467
1,335
1,903
120
1,379
1,906
122
1,310
1,906
108
1,280
1,957
117
1,305
1,913
116
1,318
1,986
115
1,202
1,960
104
1,366
1,892
113
1,286
1,859
116
1,356
1,939
120
1,296
1,983
118
1,338
1,906
111
1,230
1,935
109
1,244
1,998
115
5,841
9,561
1,607
2,315
1,508
2,375
1,645
2,296
1,082
2,575
1,102
3,327
1,129
3,376
1,402
3,401
1,607
2,349
1,508
2,361
1,645
2,374
1,082
2,477
1,102
3,372
1,129
3,361
1,402
3,498
4,992
4,568
1,170
1,145
1,287
1,088
1,215
1,081
1,320
1,254
1,906
1,420
1,986
1,390
1,963
1,438
1,197
1,152
1,257
1,104
1,226
1,149
1,313
1,164
1,944
1,429
1,946
1,415
1,977
1,521
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
56
57
58
59
Capital goods except automotive
Machinery, except consumer-type
Special category (military-type goods)
Exports, n.e c., and reexports
Domestic (low-value, miscellaneous)
Foreign (reexports)
See footnotes on page 64.
3,432
1,162
5,589
52
SURVEY OF CURRENT BUSINESS
December 1984
Table 3.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1983
1983
I
60 Merchandise imports, Census basis
61
Foods, feeds, and beverages
62
63
64
65
66
67
68
Coffee, cocoa, and sugar
Green coffee
Cane sugar
Other foods, feeds, and beverages
Meat products and poultry
Fish and shellfish
Vegetables, fruits, nuts and preparations.
Whiskey and other alcoholic beverages ..
69
70
Industrial supplies and materials
II
III
IV
II
I
1984
1983
1984
III"
I
HI
II
IV
II
I
HI"
258,048
58,053
63,504
66,379
70,112
79,346
80,732
86,460
58,078
62,961
67,309
69,700
79,786
79,943
87,578
18,186
4,422
4,640
4,353
4,771
5,168
5,184
5,389
4,462
4,524
4,604
4,596
5,236
5,072
5,737
3,986
2,590
1,047
14,199
2,084
3,586
2,560
1,021
666
191
3,401
533
783
697
956
586
266
3,684
565
864
786
936
636
257
3,417
551
954
514
1,074
702
333
3,697
435
985
562
1,234
744
364
3,934
485
876
863
1,250
796
323
3,934
479
889
851
1,235
857
298
4,154
589
952
650
980
624
225
3,482
533
860
604
1,003
626
277
3,521
565
854
636
1,012
687
270
3,592
551
923
639
991
654
274
3,604
435
949
681
1,219
700
423
4,017
485
960
755
1,304
852
336
3,768
479
878
692
1,327
924
312
4,410
589
919
828
2,626
579
630
626
790
612
665
753
667
640
640
680
703
674
767
105,765
23,501
25,842
28,734
27,687
30,596
30,873
31,183
22,864
25,926
29,175
27,799
29,969
30,930
31,652
71
72
Fuels and lubricants 9
Petroleum and products
58,728
53,591
12,969
11,110
13,736
12,515
16,559
15,674
15,464
14,291
15,660
14,251
15,802
14,688
15,294
14,251
12,327
10,739
14,088
12,750
16,892
15,860
15,421
14,241
14,951
13,754
16,175
14,977
15,629
14,467
73
74
Paper and paper base stocks
Materials associated with nondurable
goods and farm output, n.e.s.
Textile supplies and materials
Tobacco, unmanufactured
Chemicals, excluding medicinal
Other (hides, copra, materials for
making photos, drugs, dyes).
5,580
12,868
1,227
3,198
1,399
3,256
1,382
3,082
1,572
3,332
1,656
4,106
1,801
4,096
1,962
4,238
1,222
3,070
1,353
3,166
1,462
3,162
1,543
3,470
1,659
3,976
1,743
3,990
2,068
4,342
2,603
637
6,728
2,901
577
240
1,671
710
651
176
1,692
737
676
109
1,607
689
699
112
1,757
765
907
187
2,029
983
896
198
2,172
830
961
174
2,184
920
568
186
1,643
672
626
141
1,665
734
674
129
1,639
720
734
180
1,780
774
899
145
1,997
935
868
158
2,138
826
956
206
2,224
956
Building materials, except metals
Materials associated with durable goods
output, n.e.s..
Steelmaking materials
Iron and steel products
Other metals, primary and advanced,
including advanced steel.
Precious metals (gold, silver, platinum).
Nonmetals (oils, gums, resins, minerals, rubber, tires, etc.).
4,586
24,002
957
5,150
1,163
6,289
1,307
6,404
1,159
6,160
1,205
7,968
1,310
7,864
1,420
8,269
1,010
5,236
1,090
6,229
1,240
6,419
1,247
6,119
1,274
8,109
1,231
7,792
1,340
8,272
1,248
6,752
12,337
189
1,406
2,690
313
1,545
3,525
345
1,771
3,405
401
2,030
2,717
366
2,435
3,950
436
2,302
3,963
470
2,861
3,707
240
1,472
2,659
293
1,606
3,429
321
1,752
3,461
393
1,922
2,788
450
2,537
3,908
399
2,385
3,850
432
2,825
3,782
75
76
77
78
79
80
81
82
83
84
85
86
89
90
91
92
93
94
95
96
97
98
99
100
1,169
1,523
1,523
736
1,431
1,406
1,262
1,169
1,523
1,523
736
1,431
1,406
1,262
866
906
882
1,012
1,217
1,163
1,230
864
901
884
1,016
1,215
1,158
1,234
40,854
9,074
9,855
10,402
11,523
13,976
14,266
17,078
9,325
9,677
10,465
11,387
14,382
13,985
17,172
Machinery, except consumer-type .. ..
Electrical and electronic, and parts
and attachments.
Nonelectrical, and parts and attachments.
Construction, textile and other specialized industry machinery and
nonfarm tractors.
Other industrial machinery, n.e.s
Agricultural machinery and farm
tractors.
Business and office machines, computers, etc.
Scientific, professional and service
industry equipment.
37,700
12,915
8,148
2,695
9,116
3,054
9,676
3,254
10,759
3,912
12,842
4,288
13,407
4,556
15,806
5,304
8,399
2,852
8,938
3,051
9,739
3,225
10,623
3,787
13,248
4,520
13,126
4,536
15,900
5,251
24,785
5,453
6,062
6,422
6,847
8,554
8,851
10,502
5,548
5,888
6,514
6,836
8,728
8,591
10,649
3,694
852
868
937
1,037
1,315
1,450
1,758
852
866
937
1,038
1,317
1,448
1,758
6,825
1,426
1,607
306
1,650
380
1,906
349
1,662
392
2,261
447
2,330
523
2,879
507
1,636
294
1,607
332
1,891
386
1,691
414
2,306
435
2,266
463
2,855
565
8,906
1,763
2,194
2,275
2,673
3,297
3,284
3,849
1,843
2,132
2,331
2,601
3,440
3,177
3,936
3,934
924
971
956
1,082
1,235
1,265
1,509
922
951
969
1,092
1,231
1,236
1,535
Transportation equipment, except automotive.
Civilian aircraft, engines parts
Civilian aircraft, complete, all types ...
3,154
926
739
726
764
1,134
859
1,272
926
739
726
764
1,134
859
1,272
2,942
928
898
325
652
154
684
230
708
220
1,082
492
771
263
1,144
499
898
325
652
154
684
230
708
220
1,082
492
771
263
1,144
499
42,033
9,513
10,874
9,310
12,337
13,593
14,700
13,328
9,275
10,207
10,303
12,248
13,331
13,798
14,807
16,937
25,096
3,726
5,786
4,662
6,212
3,481
5,829
5,068
7,269
5,663
7,930
6,340
8,360
5,264
8,064
3,748
5,528
4,270
5,937
4,039
6,264
4,880
7,368
5,707
7,624
5,767
8,032
6,170
8,637
Capital goods, except automotive
87
88
4,951
3,666
Automotive vehicles, parts, and engines
From Canada
From all other areas
101
102
Passenger cars, new and used
Trucks, buses, and special vehicles ... .
23,574
5,916
5,714
1,250
6,250
1,539
4,898
1,323
6,711
1,804
7,515
1,778
8,034
2,200
6,897
1,984
5,456
1,250
5,681
1,539
5,693
1,323
6,744
1,804
7,202
1,778
7,275
2,200
8,096
1,984
103
Bodies, engines, parts and accessories,
n.e.s.
12,543
2,549
3,085
3,088
3,822
4,300
4,466
4,447
2,569
2,987
3,286
3,701
4,350
4,323
4,727
104
Consumer goods (nonfood), except automotive.
44,934
10,113
10,635
11,922
12,266
14,243
13,698
17,425
10,672
11,050
11,107
12,105
15,043
14,239
16,163
105
106
Consumer durables, manufactured
Electric household appliances, radio,
television.
Consumer nondurables, manufactured
Textile products, except rugs
Unmanufactured consumer goods (gems,
nursery stock).
22,690
6,769
, 5,036
1,251
5,265
1,520
5,779
1,794
6,610
2,204
6,999
2,024
6,953
2,292
8,485
2,929
5,384
1,405
5,476
1,582
5,578
1,679
6,252
2,103
7,477
2,248
7,221
2,367
8,147
2,718
19,115
9,860
3,130
4,350
2,219
727
4,450
2,318
919
5,344
2,829
799
4,971
2,494
684
6,137
3,292
1,107
5,892
3,114
853
7,924
4,206
1,016
4,555
2,364
733
4,652
2,'402
922
4,728
2,430
802
5,180
2,664
674
6,451
3,520
1,115
6,163
3,227
855
6,997
3,604
1,019
Imports, n.e.s. (low value, U.S. goods returned, military aircraft, movies, exhibits).
6,275
1,430
1,658
1,659
1,528
1,771
2,012
2,056
1,479
1,576
1,655
1,565
1,825
1,918
2,047
107
108
109
110
See footnotes on page 64.
SURVEY OF CURRENT BUSINESS
December 1984
53
Table 4.—Selected U.S. Government Transactions
[Millions of dollars]
1984
19 83
T 1T10
Al U.S. Government grants (excluding military) and transactions increasing Government assets, total
I
II
III
IV
I
16,043
3,429
3,668
4,194
4,752
4,453
III"
II '
4,016
4,593
By category
2
3
Grants, net (table 1 line 30 with
sign reversed)
Financing military purchases l
Other grants
6060
934
5126
974
71
903
1210
113
1097
1478
375
1 103
2398
375
2024
1430
1431
2,107
4
1080
1,077
1,300
5
6
7
8
9
Loans and other long-term assets (table 1 line 40 with sign reversed)
Capital subscriptions and contributions to international financial institutions, excluding IMF
Credits repayable in U S dollars
Credits repayable in other than U S. dollars
Other long-term assets
9931
1,369
7999
142
422
2378
415
1824
15
124
2422
225
2066
' 28
102
2756
349
2239
68
100
2376
380
1870
31
95
2765
325
2310
39
93
2,585
311
2,144
32
98
2,347
376
1,826
40
105
52
-76
77
24
37
20
40
-25
22
_7
257
-24
(*)
-27
140
-18
3
56
111
3
15
18
(*)
14
26
(*)
8
20
(*)
20
48
(*)
13
16
(*)
11
29
(*)
9
17
21
7
2
8
5
18
6
13
25
4
240
42
18
(*)
50
9
1
4
1
74
3
4
1
(*)
60
15
2
3
56
16
68
1
72
—1
57
-2
170
110
71
2
-13
283
29
160
1,369
1419
9469
2541
726
189
240
571
415
286
1837
547
131
41
50
223
225
376
2173
543
208
41
60
162
349
557
2132
867
205
35
56
105
380
200
3,328
584
181
72
74
80
325
261
311
532
2,095
762
220
46
72
122
376
442
2,728
594
213
39
57
258
10397
5338
1747
2785
2119
2199
1 102
431
474
431
2457
1247
390
689
617
3002
1,597
494
758
478
2739
1,392
432
864
593
3634
1,643
577
885
712
3,181
1,370
653
631
420
3,598
1,605
561
894
358
666
272
557
4
43
51
212
5
72
120
90
-1
280
31
196
(*)
271
71
59
(*)
174
95
508
211
446
151
536
173
437
2
4
8
26
»18
8
18
84
8
3
8
50
60
56
74
68
72
57
996
10
11
12
13
14
15
16
17
18
19
20
21
22
Foreign currency holdings and short-term assets net (table 1 line 42 with sign reversed)
Foreign currency holdings (excluding administrative cash holdings), net
Receipts from —
Sales of agricultural commodities
Interest
Repayments of principal
.
.
Reverse grants
Other sources
Less disbursements for —
Grants and credits in the recipient's currency
Other grants and credits
Other U.S. Government expenditures
Other assets held under Commodity Credit Corporation Charter Act net
Other short-term assets (including changes in administrative cash holdings), net.
350
354
807
By program
23
24
25
26
27
28
29
30
Capital subscriptions and contributions to international financial institutions, excluding IMF
Under farm product disposal programs
Under Foreign Assistance Act and related programs
Under Export-Import Bank Act
Other assistance programs
Other foreign currency assets acquired (lines A13 A14 and A16)
Less foreign currencies used by U.S. Government other than for grants or credits ^(line A19)
Other (including changes in administrative cash holdings), net
31
32
33
34
35
36
37
38
39
40
42
Estimated transactions involving no direct dollar outflow from the United States
Expenditures on U.S. merchandise
.
Expenditures on U.S. services 4
Financing of military sales contracts by U.S. Government 5 (line C6)
By long-term credits 1
By short-term
credits
By grants 1
U.S. Government grants and credits to repay prior U.S. Government credits 1 * 6
U.S. Government long- and short-term credits to repay prior U S private credits
Increase in liabilities associated with U.S. Government 7grants and transactions increasing
Government assets (including changes in retained accounts) (line Cll).
Less receipts on short-term U.S. Government assets (a) financing military sales contracts x and (b)
financing repayments of private credits.
Less foreign currencies used by U.S. Government other than for grants or credits (line A19)
43
Estimated dollar payments to foreign countries and international financial institutions
2,612
638
267
48
68
370
By disposition 3
41
R1 Repayments on U.S. Government long-term assets, total (table 1, line 41)
2
3
4
5
6
Receipts of principal on U.S. Government credits
Under farm product disposal programs
Under Foreign Assistance Act and related programs
Under Export-Import Bank Act
Other assistance programs
7
Receipts on other long-term assets
Cl U.S. Government liabilities other than securities total net increase ( + ) (table 1 line 53)
2
3
4
5
6
7
8
9
10
Associated with military sales contracts 2
U.S. Government cash receipts from foreign governments
(including principal repayments on
credits financing military sales contracts), net of refunds.1
Less U.S. Government receipts from principal repayments
Less U.S. Treasury securities issued in connection with prepayments for military purchases in the
United States.
Plus financing of military sales contracts by U S. Government5 (line A34) .
By long-term credits x.
By short-term
credits
By grants x
Less transfers of 12
goods and services (including transfers financed by grants for military purchases,
and by credits) (table 1, line 3).
11
Associated with U.S. Government
grants and transactions increasing Government assets (including
changes in retained accounts)7 (line A40).
12
13
14
15
Associated with other liabilities
Sales of nuclear materials by Department of Energy
Other sales and miscellaneous operations ....
German Government 10-year loan to U S Government
See footnotes on page 64.
.
.
.
.
.
65
240
-7
5,645
1230
1,211
1,192
2,012
819
835
4969
1 224
1 210
1487
1,049
884
1,351
989
4565
322
1284
1925
1,034
1 127
35
300
447
344
1 107
65
358
407
277
1385
59
302
712
312
947
164
090
360
101
779
38
318
408
15
1,238
886
84
292
435
75
106
379
721
32
404
98
103
102
102
105
113
103
199
533
434
137
161
242
448
244
456
10,169
439
1,986
453
2,693
269
3,463
173
2,026
2,156
1,620
560
255
2,424
770
-1,009
136
-1,034
158
-313
294
629
182
-291
136
104
186
-1,050
135
728
2785
2119
474
431
689
617
758
478
864
593
712
420
358
666
12,737
43
3,798
72
3,084
280
3,028
271
2,827
174
2,544
211
2,555
2,711
4
5
—1
(*)
(*)
2
4
261
271
10
99
83
16
— 19
50
31
-132
114
-18
-12
25
13
258
885
-17
-33
17
631
-116
-113
-3
894
536
17
19
-129
148
54
SURVEY OF CURRENT BUSINESS
December 1984
Table 5.—Direct Investment: Income, Capital, and Fees and Royalties
[Millions of dollars]
1984
1983
Line
I
II
III
II r
I
IV
III"
U.S. direct investment abroad:
1
2
3
4
5
6
7
Income (table 1, line 11)
Income before capital gains /losses
Capital gains /losses (gains +• losses
Earnings (net of withholding taxes)
Distributed earnings
Reinvested earnings
Interest (net of withholding taxes)
8
9
10
11
12
13
14
15
)1
Capital (table 1, line 44)
Equity capital
Increases in equity capital 23 ..
Decreases in equity capital
Reinvested earnings
Intercompany debt
U.S. parents' receivables
U.S. parents' payables
16
.
.
.
...
.
.
.
Fees and royalities (table 1, line 7)
20,757
27,299
-6,542
23,998
14,908
9,090
-3,241
4,166
5,937
-1,771
4,779
2,667
2,112
613
5,344
6,512
-1,168
6,080
3,210
2,870
-736
5,414
6,739
-1,325
6,220
2,815
3,405
-806
5,834
8,111
-2,278
6,919
6,216
703
-1,086
8,431
8,113
318
9,314
2,925
6,389
-883
4,741
7,742
3001
5,779
3,350
2,429
-1,038
4,375
6,904
-2,529
5,476
3,194
2,282
1,101
-4,881
-4,760
-9,858
5,098
-9,090
8,969
901
8,068
296
-790
2469
1,679
-2,112
2,606
19
2,588
-587
607
- 1,590
983
-2,870
2,890
-497
3,387
-3,713
820
-1,848
1,028
-3,405
511
-714
1,225
-285
2543
-3,950
1,408
-703
2,961
2,093
868
-4,656
611
-1,493
881
-6,389
2,344
1,047
3,391
1,647
-987
-3,111
2,124
2,429
5,063
1,102
6,165
1,313
-36
n.a.
n.a.
2,282
3,631
n.a.
n.a.
6,275
1,462
1,605
1,462
1,745
1,534
1,524
1,513
20,757
9,172
5,789
5,797
27,299
10,402
9,515
7,382
4,166
2,239
617
1,310
5,937
2,340
1,913
1,684
5,344
2,097
1,853
1,393
6,512
2,354
2,506
1,652
5,414
2,360
1,609
1,444
6,739
2,455
2,444
1,840
5,834
2,475
1,710
1,648
8,111
3,253
2,653
2,205
8,431
3,150
3,199
2,082
8,113
3,004
3,111
1,998
4,741
2,124
1,705
912
7,742
2,480
3,292
1,969
4,375
2,439
916
1,021
6,904
2,828
2,401
1,675
607
(*)
227
-380
-2,870
-482
1 067
-1,321
2,890
593
468
1,829
820
77
-26
-871
-3,405
-1,233
-719
-1,453
511
462
-194
1,168
-2,543
1613
-125
805
-703
803
-159
1347
2,961
295
1,076
1,590
-611
46
-101
556
-6,389
2154
-2,046
2190
2,344
1,709
-243
879
-987
-349
41
-679
-2,429
1,112
-331
-986
5,063
1,508
115
3,441
36
300
-204
-132
2,282
-1,283
363
-1,362
3,631
1,504
16
2,111
-1,700
-1,321
-379
-1,131
-858
273
-569
-697
128
-1,753
1791
38
-1,146
-648
499
-607
-725
118
-2,050
-2,037
-13
-1,462
772
-689
589
-711
122
2459
-2,192
267
-1,845
889
-956
-614
-744
130
2766
-2,816
49
-2,029
-828
1,201
-737
897
160
-3,024
2,507
-517
-2,211
-1,037
-1,174
-813
-994
181
By industry of affiliate: 4
Income (line 1)
Petroleum
Manufacturing
Other
Income before capital gains/losses (line 2)
Petroleum
Manufacturing
Other
Capital:
Equity capital (line 9) .
Petroleum
Manufacturing
Other
Reinvested earnings (line 12, or line 6 with sign reversed)
Petroleum
Manufacturing
Other
Intercompany debt (line 13)
Petroleum
Manufacturing
Other
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
4760
-1,798
215
-2,746
9090
-2,155
1 670
-5,265
8,969
1,234
1,462
6,272
-790
-263
163
-691
-2,112
-1,243
276
-1,145
2,606
808
113
1,686
Foreign direct investment in the United States:
37
38
39
40
41
42
43
44
45
Income (table 1 line 25)
Income before capital gains/losses
Capital gains/losses (gains — ; losses + ) 5
Earnings (net of withholding taxes)
Distributed earnings
Reinvested earnings
Interest (net of withholding taxes)
U.S. affiliates' payments
U.S. affiliates' receipts
6734
-6^091
643
-4,405
-3,048
-1,357
2329
-2,829
500
1 231
-941
290
-666
770
104
-564
696
132
46
47
48
49
50
51
52
53
Capital (table 1, line 57)
Equity capital
Increases in equity capital 23
Decreases in equity capital
Reinvested earnings
Intercompany debt
U.S. affiliates' payables
U.S. affiliates' receivables
11,299
5,945
7,097
-1,151
1,357
3,996
4,997
-1,000
2,305
1,846
1,995
-150
-104
563
1,153
-590
3,327
1,611
2,116
504
273
1,443
1,216
227
3,322
1,152
1,569
417
499
1,671
1,782
-111
2,345
1,337
1,417
-81
689
319
846
-527
2,391
708
999
-291
956
727
289
438
8,842
3,279
3,626
-347
1,201
4,362
5,867
1,505
4,298
1,832
1,944
112
1,174
1,292
1,023
270
54
55
56
Fees and royalties (table 1, line 21)
U.S. affiliats' payments
U.S. affiliates' receipts
-170
-1,462
1,292
-44
-335
290
-28
-389
361
-37
-355
318
62
384
322
67
484
551
23
-421
444
-163
-578
415
-6,734
-1,977
-1,165
3 592
6091
-1,900
-1,274
-2,917
-1,231
-320
-80
830
941
-307
107
-528
-1,700
-367
-281
1 052
1321
-357
-275
689
-1,753
-617
-231
-905
1791
-614
-319
858
2050
673
-572
-805
-2,037
-622
-574
842
-2,459
494
717
-1,248
-2,192
496
-688
1008
-2,766
-724
947
1095
-2,816
696
-936
1 184
- 3,024
-677
-673
1,674
- 2,507
-592
685
-1,230
5,945
321
1,531
4,093
1,357
920
-170
607
3,996
81
2,010
1,906
1,846
16
502
-1,328
-104
24
-211
131
563
-233
119
914
1,611
242
285
1,084
273
150
-67
190
1,443
118
1,084
241
1,152
45
339
769
499
350
-122
272
1,671
152
718
802
1,337
19
405
912
689
444
230
15
319
44
327
-52
708
-6
337
377
956
165
314
478
727
-699
-358
1,783
3,279
-73
228
3,124
1,201
465
563
173
4,362
4,806
-84
-360
1,832
81
474
1,277
1,174
267
270
637
1,292
154
69
1,069
.
.
.
By industry of affiliate: 4
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
Income (line 37)
Petroleum
Manufacturing
Other
Income before capital gains/losses (line 38)
Petroleum
Manufacturing
Other
Capital:
Equity capital (line 47) ..
Petroleum
Manufacturing
Other
Reinvested earnings (line 50, or line 42 with sign reversed)
Petroleum
Manufacturing
Other
Intercompany debt (line 51)
Petroluem
Manufacturing ...
Other
See footnotes on page 64.
. . . .
.
55
SURVEY OF CURRENT BUSINESS
December 1984
Table 6.—Securities Transactions
[Millions of dollars]
1984
1983
Line
(Credits +; debits—)
1983
Al Foreign securities, net U S purchases ( ) (table 1 line 45 or lines 2-1-12 below)
2
Stocks, net U.S. purchases ....
3
4
5
.. .
New issues in the United States
Of which Canada
Japan
6
7
8
9
10
11
12
. . . .
Transactions in outstanding stocks, net
Western Europe
Of which' United Kingdom
Canada
Japan
Other
Bonds, net U.S. purchases .
13
14
15
16
17
By area:
Western Europe
Canada
Japan
18
19
20
21
22
23
.
....
.
Redemptions of U S -held foreign bonds 3
Western Europe
.
Canada
Other countries
International financial institutions 2
29
30
31
32
33
34
Other transactions in outstanding bonds net 3
Western Europe
Of which- United Kingdom
Canada
Japan
Other
By area:
Western Europe
Of which Germany
Switzerland
United Kingdom
Canada
Japan
Other
11
12
13
By type:
New issues sold abroad by U S corporations 4
U.S. federally-sponsored agency bonds, net
Other outstanding bonds, net
14
15
16
17
18
19
20
21
By area:
Western Europe ..
Of which Germany
Switzerland
United Kingdom
Canada
Japan
Other countries
International financial institutions
-983
637
820
-1,167
-847
-264
364
-7
697
-1,458
633
-263
177
-699
-202
387
-215
109
-26
-13
223
-40
166
-37
-2,524
-1,869
-1,068
170
-940
115
-753
-581
-211
97
-324
55
-1,156
-636
379
-11
553
44
155
-267
-184
-40
-210
57
-385
-294
124
147
41
390
61
-37
143
220
34
216
82
76
57
230
-153
-531
-195
-129
7
50
-379
-725
718
273
-813
470
-1,824
-1,235
681
680
-2,287
864
..
-1,617
1779
-519
1212
-259
678
-50
400
-694
-450
-180
-500
492
-476
155
-112
163
-175
134
-200
-492
25
-1,738
-250
-199
-100
-250
114
-150
.
-668
2315
-138
728
-415
-828
65
-509
50
-250
-25
-475
-100
18
-1,672
-299
-150
350
-260
48
.
.
.
.
.
.
460
-39
-1,401
.
.
Corporate and other bonds, net foreign purchases
1,571
-1,855
-850
...
10
3,257
-1,016
-1,387
Stocks, net foreign purchases
3
4
5
6
7
8
9
-1,866
-3,694
Bl U.S. securities, excluding Treasury securities and transactions of foreign official agencies, net foreign
purchases ( + ), (table 1, line 59 or lines 2+10 below).
2
-7,676
-3,982
96
..
III"
.-5,127
Other countries
,
International financial institutions 2
24
25
26
27
28
II r
I
IV
.
.
New issues in the United States
By issuer:
Central governments and their agencies and corporations
Other governments and their agencies and corporations 1
Private corporations
...
International financial institutions 2
III
II
I
....
2
96
452
172
350
56
-62
-66
-100
575
100
250
125
100
820
150
420
125
125
765
150
375
165
75
725
75
100
400
150
333
-90
718
-848
117
196
315
-612
831
-966
105
57
267
133
840
-611
241
82
650
709
-751
-364
-122
239
1,343
-331
1,175
-1,202
77
555
366
3,003
2,614
1,861
1,134
1,516
587
1,684
6,415
2,908
1,739
1,349
419
1,178
5
-1,023
3,966
1,046
1,325
1,791
1,151
274
1,024
2,479
483
541
1,192
300
-186
315
1,132
278
736
349
313
-86
380
787
228
371
311
231
211
120
-432
57
-323
61
307
335
209
306
362
188
-138
707
39
126
-388
-81
-250
-122
170
223
-1,731
227
-1,014
137
466
37
279
2,197
95
875
512
715
338
582
2,707
320
446
1,432
-60
155
320
177
378
100
413
229
486
-32
370
180
18
384
1,881
432
394
1,161
287
632
419
123
682
222
9
95
-1
134
-199
42
108
51
-11
682
121
425
202
-5
174
61
-37
157
58
-27
170
40
170
18
127
417
109
100
246
46
230
92
70
47
48
136
164
32
230
75
18
134
297
21
208
-42
313
102
75
1,888
457
66
1,231
22
389
378
30
806
-487
-810
-985
4,648
5,752
2,553
-371
-194
188
1,420
1,660
784
-170
-341
485
2,263
1,480
1,867
664
1,023
8
27
-626
-300
3,840
-606
147
-501
-478
4,248
2,827
-427
85
35
-522
4,834
3,044
-835
1212
-121
400
-81
500
2,095
510
885
555
145
420
145
195
60
20
500
40
190
270
600
225
250
100
25
662
-2,648
-2,509
311
326
1,349
117
-562
-484
172
73
434
-77
-537
211
8,612
127
-112
181
-200
-150
Memoranda:
Other foreign transactions in marketable, long-term U.S. securities included elsewhere in international
transactions accounts:
Foreign official assets in the United States (lines in table 9):
1
U.S. Treasury marketable bonds (line A4)
2
Other U.S. Government securities (line A6) ...
.
...
3
U.S. corporate and other bonds (part of line A14)
4
U S stocks (part of line A14)
5 Other foreign transactions in U S Treasury bonds and notes net (table 9 line B4)
6 New issues of bonds sold abroad
by U.S. corporations' finance affiliates in the Netherlands Antilles
(included in table 5, line 8).4
See footnotes on page 64.
363
-90
-373
-68
1,204
417
185
61
1,033
1,408
Table 7.—Claims on and Liabilities to Unaffiliated Foreigners Reported by U.S. Nonbanking Concerns
[Millions of dollars]
19 83
(Credits +; increase in U.S. liabilities or decrease in U.S. assets. Debits — ; decrease in U.S.
liabilities or increase in U.S. assets.)
Line
Al Clams, total (table 1, line 46)
2
Financial claims
3
Denominated in U.S. dollars
4
Denominated in foreign currencies
5
6
By type: Deposits
Other claims x
By area: Industrial countries 2
Of which United Kingdom
Canada
Caribbean banking centers 3
Other
Commercial claims
Denominated in U.S. dollars
Denominated in foreign currencies
7
8
9
10
11
12
13
14
15
16
By type: Trade receivables
Advance payments and other claims
2
17
18
19
By area' Industrial countries4
Members of OPEC ....
Other
Bl Liabilities, total (table 1 line 60)
2
Financial liabilities
3
Denominated in U.S. dollars
4
Denominated in foreign currencies
By area: Industrial countries 2 .
Of which United Kingdom
Caribbean banking centers 3
Other
Commercial liabilities
Denominated in U S dollars
Denominated in foreign currencies
5
6
7
8
9
10
11
12
13
By type: Trade payables
Advance receipts and other liabilities
14
15
16
By area: Industrial countries4
Members of OPEC
Other
2
1983
I
230
592
689
97
233
19
227
246
-1,671
1468
-1,180
1,659
1399
1,236
288
406
11
-8
569
494
-77
769
181
214
5,333
5266
4 774
'492
3199
3187
3132
55
4821
—445
3072
— 115
-3,212
1786
-1,472
1897
157
67
-26
—41
-1,836
1433
-326
1175
176
12
23
35
290
357
179
191
524
162
284
70
2
68
133
148
5
165
251
90
21
— 14
1 318
—117
79
—196
2337
331
370
39
64
35
28
7
1311
96
-227
338
317
1201
1385
184
207
20
50
174
2668
2591
77
278
-12
251
8
99
16
83
279
1 191
-10
2060
-608
399
438
1 184
421
1872
-186
-936
626
-268
594
250
362
385
23
-226
12
82
118
-86
— 72
140
53
253
442
90
56
30,542
19,947
163
-49
1332
-136
1417
1,723
n.a.
n.a.
14,879
5,068
-1,009
-221
-801
-547
95
-14
258
398
70
391
11,439
5,398
5,009
6,730
1,778
10,595
9,896
699
-32
-203
-208
66
260
324
-64
111
429
457
-28
-129
74
155
105
435
6
n.a.
n.a.
9,105
1,490
319
-13
129
234
84
410
189
19
221
n.a.
n.a.
n.a.
6,086
1,240
3,269
228
-397
-305
4,404
3,625
3,391
4,055
3,691
3,731
n.a.
n.a.
n. a.
n.a.
34,988
17,927
15,875
2,052
-302
1,401
-73
50
-177
2,218
' 6
3,728
8,835
3,836
7,963
1,129
17,061
15,927
1,134
88
5
-92
109
82
169
143
312
-560
729
367
512
463
32
-18
17,681
2,266
n.a.
n.a.
n.a.
n.a.
na
n.a.
n.a.
n.a.
32
1,828
standing
June 30,
1984
n.a.
n.a.
n. a.
n.a.
1,397
1365
1,030
III
2,120
1691
1,740
-126
-498
740
II r
I
IV
III
II
Amounts
1984
-698
355
1,238
234
1,404
-40
779
807
-28
36
364
420
56
n.a.
n.a.
n.a.
n.a.
n.a.
n. a.
n.a.
143
636
1
363
n.a.
n.a.
8,121
8,940
n.a.
n.a.
n.a.
8,018
5,219
3,824
951
342
-77
514
-239
1,013
-410
See footnotes on page 64.
Table 8.—Claims on Foreigners Reported by U.S. Banks
[Millions of dollars]
Line
(Credits +; decrease in U.S. assets. Debits — ; increase in U.S. assets.)
1983
-
1 Total (table 1, line 47)
By type:
Banks own claims
Payable in dollars
By borrower:
Claims on:
4
own foreign offices
5
unaffiliated foreign banks
6
foreign public borrowers *
7
other private foreigners
By bank ownership: 2
U.S.-owned banks' claims on:
8
own foreign offices
9
unaffiliated foreign banks
10
other foreigners
Foreign-owned banks' claims on:
11
own foreign offices..
12
unaffiliated foreign banks
13
other foreigners
14
Payable in foreign currencies
15
Banks' domestic customers' claims
16
Payable in dollars
17
Deposits
18
Negotiable and readily transferable instruments
19
Outstanding collections and other
20
Payable in foreign currencies
By area:
21
Industrial countries 3
?,?,
Western Europe
33
Of which United Kingdom
?,4
Canada
25
Japan
26
Other
27
Caribbean banking centers 4
W
Other areas
29
Of which Members of OPEC, included below 5
30
Latin America
31
Asia ... .
32
Africa 6
33
Other
Memoranda:
1 International banking facilities' (IBF's) own claims, payable in dollars (lines 1-13 above)
By borrower:
Claims on:
2
own foreign offices
3
unaffiliated foreign banks
4
foreign public borrowers
5
all other foreigners
By bank ownership: 2
6
U.S.-owned IBF's
7
Foreign-owned IBF's
8 Banks' dollar acceptances payable by foreigners
2
3
See footnotes on page 64.
56
II
Amounts
1984
19 33
III
IV
:
II r
III"
standing
September 30,
1984
25391
18 175
3 894
2 871
8 239
1 955
20 612
18359
436,206
31376
31 826
20257
19 854
1378
1 130
2445
2323
10052
10779
2539
4 300
21244
20656
15609
15035
402 086
393 038
— 16,724
— 1,402
11832
-1,868
- 16,683
1,387
2167
383
3742
1341
2739
-1,214
2,624
1032
4050
135
—6,407
324
2876
-1,172
1,503
3848
231
2,186
-9,558
—8,618
1550
-930
6,433
7,963
272
911
151,106
122,576
59,572
59,784
6,588
3512
-10,203
7705
2792
-1,219
545
1518
-3,627
3866
5
-1,327
3294
803
-4,030
3964
5171
2,434
4129
3280
-2,596
7 145
5353
-878
82,651
65 283
66,303
10,136
4914
3497
450
5985
6367
479
5,661
1 185
-382
8978
4179
565
-403
2082
2043
364
1,503
176
39
3197
'l77
326
248
2516
2563
505
2323
745
47
1242
1037
2588
'l22
426
393
23
612
242
33
3113
479
18
727
1813
2 154
'315
2,447
22
341
2461
1323
479
1,761
584
1281
690
72
663
697
5429
5338
116
-588
632
497
201
125
171
135
-712
2610
1517
574
2750
2804
— 1117
2,441
1480
-54
68,455
57 293
53 053
9,048
34 120
33 839
4575
-6,889
656
3,516
2965
-1,936
1332
-4,804
13698
-3,103
8952
4202
570
26
—6,144
1914
-2,061
3349
-329
552
-8,762
3269
-949
1988
936
37
382
4917
4935
4679
1 129
887
224
2628
3651
—921
1548
1 821
124
158
5358
4187
3037'
226
-950
447
6,767
4280
122
3250
956
240
166
304
510
3,935
1287
— 1544
557
-5437
2498
— 1355
2166
489
243
400
1,035 -12,196
10330
1041
-6,420
1,329
868
578
-611
775
387
191
-4,093
2,262
4323
728
11
-403
1282
696
3500
1 444
208
89
251
109
7,788
7080
2,871
1197
-65
424
6,054
4,517
1,370
816
3418
133
150
183,476
122,855
74,356
21,792
32,547
6,282
103,927
148,803
20,559
104,420
37 632
4,074
2677
-27,638
-10,960
-3,466
-8,911
-4,301
-5,155
-11,865
4,525
181,020
8841
7378
8732
2687
5094
3482
1540
844
964
1053
1065
384
1877
2990
3651
393
906
147
2476
-1,066
3044
-528
901
-682
5,980
-5,143
1,815
1,073
3,709
887
-308
237
40,440
68,309
42,131
30,140
13936
13 702
830
3 784
7 176
2931
2774
692
322
2758
6 153
282
4620
319
-2,705
738
4417
798
3649
8216
-5,673
909
3616
4,203
72 662
108 358
38,454
90 QQ9
5882
281
57
SURVEY OF CURRENT BUSINESS
December 1984
Table 9.—Foreign Official Assets and Other Foreign Assets in the United States Reported by U.S. Banks
[Millions of dollars]
Line
(Credits +; increase in foreign assets. Debits — ; decrease in foreign assets.)
1983
A1 Foreign official assets in the United States (table 1, line 49)
2
3
4
5
6
7
8
9
10
11
12
18
14
By type:
U.S. Treasury securities (table 1 line 51)
Bills and certificates
Bonds and notes marketable.
Bonds and notes, nonmarketable
Other U.S Government securities (table 1 line 52)
Other U.S. Government liabilities (table 1, line 53)
U.S. liabilities reported by U S banks not included elsewhere
(table 1 line 54)
Banks' liabilities for own account, payable in dollars l . ...
Demand deposits
Time deposits 1
Other liabilities 2
Banks' custody liabilities, payable in dollars 13
Other foreign offical assets (table 1 line 55)
Amounts
1984
19 83
standing
September 30,
1984
II r
III P
2,784
-345
-1,022
189,763
-288
661
1,023
650
-8
242
-2,131
-2,291
118
622
-1,787
160
-599
310
296
-606
363
137
1403
-281
174
170
277
-1,122
463
2,603
3967
-664
-700
417
161
3498
3,168
49
1066
2151
330
124
147
448
349
504
-40
821
-1,285
853
-979
577
650
427
-800
85
-244
201
442
104
250
-796
643
-487
128,511
54,627
68,084
5,800
7,471
14,098
23,938
16,174
2,002
7,799
6,373
7,764
15,745
4,837
15787
23,998
10,133
27,266
1,274
354,016
2,924
3,139
995
1,673
1,358
6,477
5,153
46,929
5357
4,648
1274
1883
1,420
379
1366
2,263
490
1468
-68
405
640
1,033
1658
-300
2229
4,248
319
4,834
18,533
28,396
4368
4983
620
1312
701
911
1,281
1252
606
1,038
313
-356
737
2717
-1,781
582
142
918
2,011
3541
925
-537
5,347
343
12,234
27,032
7,663
49059
49240
48879
10244
10412
10 168
1,698
2117
1325
14,792
14000
13904
22,325
22711
23482
8,775
8268
8240
20,789
19701
18972
-3,879
-4,420
3919
307,087
289,145
283,244
25631
6292
4250
8125
15,464
1,521
10,810
-9,390
148,321
1766
20298
1 184
198
3004
'674
928
4123
524
676
5763
692
1,316
7408
-706
-254
7,107
-134
254
7,244
664
479
5,667
283
15,244
103,465
16,214
25631
9864
10660
2724
6 292
'175
3526
525
4250
2^215
2515
845
8 125
3,656
2377
254
15464
4,168
2,242
1608
1521
4,173
3,131
-585
10810
5,067
4,221
-1,126
9390
3,150
1,931
390
148,321
72,634
58,979
3,310
15812
410
5,868
628
1328
781
2056
462
1,654
4931
363
575
12309
1743
2,858
4,570
1373
87
7,280
2532
1,561
-8,073
454
1,779
78,000
18,477
37,149
9819
10,274
7516
5664
1,153
3270
2194
2,677
1706
3194
4,019
1548
3,155
2,425
992
-3,049
5,546
2,459
3,530
2,535
1,534
-1,317
2,696
542
70,321
54,157
25,140
361
244
792
96
-771
28
729
-501
5,901
181
868
168
56
419
527
792
175
386
-110
507
379
1088
662
541
599
17,942
13,087
26347
19227
4001
3119
20717
10726
473
5020
4096
84
1 694
3843
876
2150
817
6484
2841
*534
571
1 125
51
1 196
4433
2071
1822
540
2629
3033
24
1634
385
226
1 240
7507
6682
77
748
4439
3841
323
2632
1,556
276
623
10564
9598
48
1,014
12423
1011
660
183
1,030
83
119
8,675
5684
1418
1,573
657
801
74
1371
-1,218
190
458
16103
13517
1980
606
5992
5,171
2054
1919
2,867
281
104
-816
3,466
354
2,296
1822
3,912
494
2319
1,008
177
762
170,668
132,956
19043
18,669
106 312
77,036
14,512
40770
21,473
1896
12897
32,867
5,571
5,435
13,157
8,704
9,307
7,550
-3,500
167,911
IV
III
^
II
5,339
-252
1,739
-2,703
6,555
6989
7683
806
1500
487
199
433
2676
61
1 766
971
—2243
1795
3012
1259
2*553
800
371
533
1978
165
282
170
277
1813
382
1985
1201
784
611
1256
-1867
170
434
316
-46
120
700
626
362
826
57790
13168
8,731
:
By area: (see text table B).
R1 Other foreign assets in the United States (table 1, lines 58 and 61)
2
By type:
U.S. Treasury secutities (line 58)
3
4
5
By security:
Bills and certificates .
Marketable bonds and notes
Nonmarketable bonds and notes 4
6
7
8
By holder:
Foreign banks
Other private foreigners
International financial institutions 5
9
10
11
13
14
15
16
17
18
19
By holder:
Liabilities to
own foreign offices
unaffiliated foreign banks
other private foreigners
international financial institutions 5
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
.
. ...
.
. ...
U.S. liabilities reported by
U.S. banks (line 61)
Banks' own liabilities 1
Payable in dollars
By account:
Liabilities to own foreign offices
Liabilities to unaffiliated foreigners
demand deposits
time deposits * 2
other liabilities
12
....
By bank ownership:6
U.S.-owned banks' liabilities to
own foreign offices
. .
unaffiliated foreign banks
other private foreigners and international financial institutions 5
Foreign-owned banks' liabilities to
own foreign offices
unaffiliated foreign banks
other private foreigners and international financial institutions 5
Payable in foreign currencies
Banks' custody liabilities, payable in dollars li3
Of which negotiable and readily transferable instruments
By area:
Industrial countries 7
Western Eurpoe
Canada
Other
Caribbean banking centers 8
Other areas
Of which Members of OPEC, included below 9
Latin America
Asia ...
. .
Africa
Other 10
Memoranda:
1 International banking facilities' (IBF's) own liabilities, payable in dollars (in lines A9, and
Bll above).
2
3
4
5
By holder:
Liabilities to
own foreign offices
unaffiliated foreign banks
foreign offical agencies
other private foreigners and international financial institutions 5
14512
9727
1250
7378
4243
199
328
1855
89
2196
558
2,592
7,163
4026
726
1242
3,017
3704
294
1689
4,447
4356
443
947
1,126
4641
586
1 197
-8,038
3537
231
1232
72,471
60181
6316
28943
6
7
By bank ownership: 6
U.S.-owned IBF's
Foreign-owned IBF's
13112
19755
2862
2709
359
5076
3948
9209
5943
2761
2537
6770
2825
4725
5667
2167
67452
100 459
-3,899
-2,985
148
-1,124
62
-719
1,298
-473
10,512
8 Negotiable certificates of deposit held for foreigners l (in lines A13 and B27 above)
See footnotes on page 64.
58
December 1984
SURVEY OF CURRENT BUSINESS
Table 10.—U.S. International
[Millions
European Communities (10) "
Western Europe
Line
(Credits +• debits
1984
1983
)*
1983
II
2
III
IV
I
1983
1QQQ
II r
IIP
HI
II
92,524
23,345
21,760
23,863
26,252
23,846
22,902
73,135
18,750
17,308
54,877
3,004
13,674
752
12,348
796
13,907
659
14,853
758
14,063
654
13,279
765
43,332
1,989
10,872
508
9,906
541
Travel
Passenger fares
Other transportation
2,157
1,139
3,875
538
287
896
715
370
1,029
462
236
1,004
463
258
996
648
338
1,052
752
374
1,113
1,666
927
3,050
406
240
698
565
293
817
7
8
9
10
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
3,315
616
1,270
158
834
153
309
52
752
155
329
37
952
156
322
35
773
157
326
24
807
158
345
23
810
160
354
44
2,936
532
1,023
135
738
133
249
45
665
134
267
31
11
12
13
Receipts of income on U.S. assets abroad:
Direct investment
Other private receipts
U S Government receipts
7,929
13,140
1,045
2,359
3,225
266
1,737
3,279
214
2,369
3,457
305
3,907
3,545
193
1,625
3,928
205
736
4,277
238
5,895
11,086
564
1,991
2,730
142
1,203
2,776
112
60
7
25
14
23
27
37
13
1
9
-20,141
-20,893
1 Exports of goods and services
2
3
Merchandise adjusted excluding military3
Transfers under U S military agency sales contracts
4
5
6
••••
14 Transfers of goods and services under U S military grant programs net
15 Imports of goods and services
16
17
Merchandise adjusted excluding military3
Direct defense expenditures
18
19
20
Travel
Passenger fares
Other transportation
21
22
23
24
Fees and royalties to affiliated foreigners ..
Fees and royalties to unaffiliated foreigners
Private payments for other services
25
26
27
Payments of income on foreign assets in the United States:
Direct investment
.
Other private payments
U.S. Government payments
.
...
...
.
.
.
...
..
...
-98,634
25,352
25,770
25226
-29,588
-31,933
-34,135
-79,080
-53,896
-7,012
13767
-1,788
13758
-1,746
13784
-1,716
-17,673
-1,740
-17,092
-1,801
-19,127
1,861
-43,739
-6,396
-11,046
-1,587
-11,369
1,596
-3,991
4096
-3,857
-1,235
1402
-879
-1,719
1058
-1,033
-716
850
-l!,043
-440
957
-1,134
-1,561
-1,686
-1,224
-1,974
-1,278
-1,274
-3,133
-3,013
2,851
-984
1,015
-642
-1,333
-755
-773
-276
212
-886
513
-70
53
-219
130
-62
53
-217
130
-92
54
-224
124
-71
53
-290
-127
-66
-54
-219
-109
110
-54
-224
-130
-171
-178
-703
-349
-48
44
-175
102
-46
-45
174
-96
-5,069
-11,361
-7,466
-1,315
2712
-1,782
-1,275
2843
-1,877
-1,561
3083
-1,978
-1,798
-3,235
-2,070
2,131
-3,802
-2,189
1,710
-4,021
2,373
-4,589
-8,331
-5,626
-1,166
-1,978
-1,354
1,217
-2,091
1,399
37
.
.
..
....
...
.
-7
-25
-23
27
-13
-1
9
29 Unilateral transfers (excluding military grants of goods and services), net
-280
-51
-74
-165
-49
-75
-183
246
51
74
30
31
32
-288
-672
680
-39
-176
164
-93
-165
184
-128
-167
131
-31
178
159
-64
170
159
-161
-168
145
-17
517
779
-3
133
187
-6
-128
208
9414
2,255
-6,138
-1,119
-4,600
-12,779
7,342
1,123
406
167
231
-208
-208
28 U.S. military grants of goods and services, net
-60
U.S. Government grants (excluding military grants of goods and services)
U S Government pensions and other transfers
Private remittances and other transfer
33 U.S. assets abroad, net (increase/capital outflow ( — ))
34
35
36
37
38
U.S. official reserve assets net 4
Gold
Special drawing rights .
39
40
41
42
U.S. Government assets, other than official reserve assets, net ...
U.S loans and other long-term
assets
Repayments on U.S. loans 5
U.S foreign currency holdings and U S short-term assets net
43
44
45
46
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns.
U S claims reported by U S banks not included elsewhere
Foreign official assets in the United States net
U S Government securities6
U.S. Treasury securities
Other 7
Other U S Government liabilities 8
U.S. liabilities reported by U.S.
banks, not included elsewhere
Other foreign offical assets 9
56
57
58
59
60
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. securities other than U S Treasury securities...
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns.
U S liabilities reported by U S banks not included elsewhere
61
3,179
-5,253
-163
675
375
175
77
-163
1,123
406
167
231
675
375
175
166
-348
230
48
3
-228
222
8
123
-254
320
57
-188
376
209
22
129
-111
194
45
89
-160
238
11
252
-239
451
39
22
-27
88
-39
71
-16
74
13
-10,433
-3,224
-5,059
-1,483
2,015
-618
-1,873
-429
6,307
— 1,984
-840
707
-1,473
-303
-1,210
-461
-4,204
-2,492
-666
-5
12,985
—324
-2,368
45
7,416
2,091
1,763
n.a.
-8,650
-1,459
5,518
-1,724
2,782
5,500
1,548
-570
1,046
635
1 78fi
-667
4,935
-4,190
502
1041
10337
7,088
50
5,589
-3,303
38,277
8,927
9,481
14,735
9,104
21,567
-3,488
30,819
6,339
9,623
182
3,731
168
2,342
-2,186
(
,,
2,306
107
143
}
( 14 )
(14)
31,768
8,719
6,621
2,359
(14)
(14)
5,127
-1,345
1,814
321
(14)
(14)
-22,472
-9,124
741
981
-6,111
6 103
-6,391
-93
-2,007
2 019
-2,058
-1,410
4,011
-3,992
-4,085
48 Foreign assets in the United States, net (increase/capital inflow ( + ))
49
50
51
52
53
54
55
7,724
77
-104
1 170
1,031
35
Foreign currencies
47
-14
6,509
(14)
(14)
7
(14)
9,299
2,595
(14)
943
-873
(14)
(14)
(14)
64
104
(14)
(14)
(14)
-109
(14)
(14)
-55
(14)
11,004
1,676
8,936
1,266
19,225
6,323
-1,302
2,004
(14)
(14)
(14)
(14)
15
-294
354
1,587
(14)
(14)
-255
-238
(14)
I ),,
1,963
(15)
3,094
-992
20,955
43
(15)
(15)
7,733
15
(15)
53
30
158
n.a.
(14)
(15)
15
2,226
(15)
(15)
625
388
637
-631
3,311
15
7,434
62 Allocations of special drawing rights .
63 Statistical discrepancy, and transfers of funds between foreign areas, net (sum
of above items with sign reversed).
Memoranda:
64 Balance on merchandise trade (lines 2 and 16)
65 Balance on goods and services (lines 1 and 15) 10 ...
66
67 Balance on current account (lines 65 and 29) 10
See footnotes on page 64.
-12,089
123
1 363
-1,399
-1,527
-1,120
-626
-2,820
-3,335
3 354
-3,385
-3,029
-8,087
8 098
-8,162
7,561
-17,397
-8,177
-859
-5,848
-11,233
11 255
-11,415
407
-5,945
5 682
-5,699
174
-1,391
-1,337
-1,340
1 463
-3,585
-3,504
3510
59
SURVEY OF CURRENT BUSINESS
December 1984
Transactions, by Area
of dollars]
European Communities (10) * l
1983
I
IV
European Communities (6) 12
United Kingdom
1984
1983
1983
III"
II'
1984
1983
1984
Line
1983
II
III
IV
I
II
III"
II'
III
IV
III"
II'
I
18,712
20,924
19,025
18,339
24,027
6,673
5,914
6,037
6,757
6,567
7,151
44,389
10,928
10,224
11,456
12,968
11,214
9,942
1
11,005
359
11,920
458
11,592
412
11,027
535
10,384
532
2,656
123
2,407
129
2,650
101
2,929
132
2,921
110
3,084
143
30,732
1,151
7,675
297
6,945
322
7,806
215
8,430
288
8,088
260
7,352
357
2
3
353
189
783
357
214
743
499
282
758
600
296
824
466
431
701
120
127
151
148
129
181
97
84
189
97
89
177
126
134
167
128
112
201
1,106
437
1,797
261
101
423
394
152
488
231
80
456
237
114
412
343
133
447
448
172
454
4
5
6
831
135
260
31
682
134
257
17
702
135
270
18
714
136
277
38
768
124
417
51
213
31
101
25
180
31
113
11
165
31
102
3
205
31
105
7
177
31
109
14
203
32
118
13
1,980
382
539
76
481
95
132
19
441
97
138
17
604
97
142
28
428
97
136
8
477
97
144
4
459
98
142
23
7
8
9
10
1,721
2,892
153
3,082
2,956
104
990
3,273
97
200
3,591
103
2,628
7,435
90
1,295
1,822
10
698
1,880
8
634
1,915
66
1,050
1,928
8
616
2,154
8
699
2,409
9
2,397
3,391
401
492
836
117
306
840
84
828
897
73
1,806
936
77
133
1,017
71
-708
1,073
73
11
12
13
2
1
1
1
(*)
<*)
<*)
1
-1
14
-20,395
-23,510
-25,349
-27,086
-26,266
-6,734
-7,194
-6,660
-7,191
-8,117
-8,636
-48,770
-12,392
-12,613
-12,696
-15,273
-16,028
-17,087
15
-11,254
-1,583
-14,232
-1,611
-13,666
-1,683
-15,301
-1,746
-12,392
-904
-3,160
-220
-3,534
-215
-3,030
-235
-3,493
-255
-3,448
-252
-3,775
-250
-29,486
-4,901
-7,404
-1,236
-7,417
-1,214
-7,692
-1,214
-10,139
-1,270
-9,575
-1,335
-10,833
-1,401
16
17
-577
-679
-763
-315
-684
-812
-1,159
-1,220
-864
-1,510
-918
-918
-1,061
-1,072
-735
-297
-376
-152
-458
-269
-199
-228
-224
-202
-107
-253
-214
-349
-468
-168
-465
-323
-214
-1,690
-1,664
-1,529
-547
-583
-362
-704
-415
-413
-297
-376
-411
-188
-356
-424
-699
-688
-502
-872
-512
-488
18
19
20
-47
-45
-175
-67
-50
-46
-178
-90
-41
-46
-182
-72
-88
-47
-186
-97
-36
-90
-313
-68
-6
-22
-78
-28
-9
-22
-74
-15
-14
-23
-75
-9
-33
-23
-80
-10
-24
-23
-85
-15
-54
-24
-89
-11
-148
-86
-342
-237
-46
-22
-85
-66
-40
-22
-88
-68
-36
-22
-88
-48
-17
-22
-86
-71
-20
-23
-85
-48
-36
-23
-85
-73
21
22
23
24
-1,458
-2,296
-1,451
-1,933
-2,935
-1,548
-1,540
-3,105
-1,630
-2,456
-5,904
-1,235
-578
-736
-1,366 -1,517
-304
-293-
-649
-1,636
-335
-559
-1,805
-359
-847
-2,082
-356
-760
-2,239
-432
-2,102
-2,349
-4,236
-425
-592
-1,025
-626
-553
-1,053
-801
-640
-1,071
-968
-640
-1,093
-1,072
-829
-1,152
-766
-837
-1,160
25
26
27
-2
-1,530
-2,467
-1,496
i
(*)
<*)
1
(*)
1
1
28
28
39
49
46
246
55
63
58
66
176
44
46
19
23
39
22
29
6
-129
163
-6
-139
184
-8
-133
189
-7
-124
176
-73
320
-18
73
-18
93
-19
65
-20
82
-20
78
-18
84
-17
-339
532
-3
-89
137
6
-83
135
-6
-84
108
-6
-93
121
-8
-86
132
7
-84
113
30
31
32
498
-3,921
-8,664
4,857
-2,630
2,326
-5,041
3,845
-2,936
-7,074
1,274
-3,354
890
-183
-2,703
-687
-1,349
3,626
33
186
-205
78
-160
675
375
175
186
-205
78
-160
186
-205
78
-160
675
375
175
186
205
78
-160
34
35
36
37
38
113
-92
165
41
-9
63
81
-28
72
-17
61
28
92
-14
88
18
125
-84
203
6
22
18
-6
24
51
-5
60
39
27
-5
17
1
87
42
122
6
33
-37
16
9
27
25
17
-21
30
30
28
11
39
40
41
42
198
871
-1,821
-325
-3,706
-1,838
-990
37
-8,814
495
-624
-134
4,925
1,373
-1,714
n.a.
-2,754
-797
-3,676
-1,797
2,304
-1,104
-659
-612
-5,058
-1,487
-1,032
498
3,758
1,402
-1,290
-289
-477
-770
-354
14
-1,487
865
-235
-221
3,747
1,688
-299
n.a.
43
44
45
46
1,474
-916
-8,551
5,266
3,516
4,679
-3,037
3,935
-1,329
-6,420
9,974
10,634
15,202
-1,285
19,950
5,537
6,072
5,862
5,964
10,199
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
30
-115
-102
-36
-25
(15)
(15)
(15)
(15)
I <"'
32
(15)
-1
<*)
(*)
75
46
-15
28
18
_4
(*)
<*>
13
25
14
-2
21
4
96
22
104
14
-2,922 -7,087
-942
-263
-660
-447
9
44
1,249
-190
-1,433
n.a.
-4,125
71
-1,561
160
522
380
-648
11
-382
-187
31
159
-2,940
-172
-530
20
2,871
-2,795
779
-385
-2,257
633
-1,896
2,358
47
9,786
644
3,281
3,882
4,760
4,990
-1,000
48
(15)
(15)
(15)
(15)
(15)
15
-104
-82
(15)
(15)
-363
(15)
(15)
-6
13
-6
-4
-19
62
(15)
(15)
(15)
(15)
(15)
(15)
-3
-12
98
(15)
(15)
(15)
(15)
{(i!
49
50
51
52
55
(15)
(15)
163
16
5
n.a.
I 56
57
58
59
60
-2,259
61
1,577
1,486
5,558
1,719
3,988
686
1,050
893
216
4,925
340
3,636
1,276
1,159
586
1,219
155
-383
253
1,447
-159
24
1,115
n.a.
2,211
-654
551
208
481
-296
185
-226
26
1,154
-329
14
1,094
n.a.
834
-347
64
196
143
-336
-40
-157
236
257
7,419
« 9,894
-8,817
-4,166
-263
5,129
-15,327
-7,857
174
-9,130
-2,656
-1,633
509
-2,227
-115
-755
42
-1,791
1,133
4,497
63
-249
-1,683
-1,650
-1,655
-2,312
-2,586
-2,542
-2,547
-2,074
-6,324
-6,268
-6,275
-4,274
-8,747
-8,694
-8,701
-2,008
-2,239
-1,993
-1,993
-504
-61
-6
-6
-1,127
-1,280
-1,205
-1,205
-380
-623
-577
-577
-564
-434
-372
-372
-527
-1,551
-1,492
-1,492
-691
-1,486
-1,420
-1,420
1,246
-4,382
-4,189
-4,205
271
-1,464
-1,416
-1,419
-472
-2,389
-2,338
-2,343
114
-1,240
-1,216
-1,221
-1,709
-2,305
-2,276
-2,282
-1,487
-4,813
-4,767
-4,775
-3,481
-7,144
-7,116
-7,123
64
65
66
67
15
8,593
(15)
15
(15)
(15)
15
-4,017
15
14,441
15
4,117
15
4,843
15
4,997
15
4,574
15
5,593
(15)
(15)
15
-1,779
15
5,602
(15)
15
-990
(15)
(15)
15
2,326
15
3,496
15
3,034
1,336
635
(15)
15
4,281
15
62
60
SURVEY OF CURRENT BUSINESS
December 1984
Table 10.—U.S. International
[Millions
Canada
Eastern Europe
Line
(Credits +• debits
)l
1983
II
1
Exports of goods and services
2
2
3
Merchandise, adjusted, excluding military3
Transfers under U S military agency sales contracts
4
5
6
Travel
Passenger fares
Other transportation
.
IV
III
1983
1984
1983
I
II r
III"
II
III
3,561
787
553
1,271
1,108
1,095
1,064
61,376
16,108
15,146
2,918
618
396
1,098
968
941
919
43,813
142
11,670
37
10,526
36
3,168
858
864
243
55
65
74
51
53
51
843
209
203
259
14
160
34
249
14
158
3
18
90
7
4
23
4
4
23
1
4
22
1
5
21
2
5
20
3
5
20
1
991
55
644
50
244
41
63
20
59
5
59
12
58
3
60
13
63
7
5,157
6,471
41
1,328
1,529
11
1,358
1,724
11
1,661
-394
494
-429
-547
-519
-744
60,672
-15,628
-14,996
1,371
-1
-308
(*)
412
(*)
-359
(*)
-480
(*)
-430
1
-643
1
54,359
-237
-13,998
-69
-12,807
66
-73
-30
-32
-7
-5
20
32
2,160
-528
1,103
-33
-33
-40
-40
-43
46
-667
-182
-168
(*)
-15
-42
(*)
4
-14
-4
-7
-4
-12
(*)
4
-10
(*')
-4
13
(*)
-4
8
-358
-10
-352
-117
-104
3
-85
-73
-89
3
-89
8
22
(*)
5
(*)
-6
—7
-7
-8
-10
-296
-1,751
-366
-75
-425
-87
-76
-490
98
144
39
38
-37
-32
40
37
-153
-42
26
12
-6
21
9
-6
22
7
U S Government pensions and other transfers
Private remittances and other transfers
36
-24
84
-24
7
6
-19
13
-6
-21
8
-7
22
245
93
-61
19
-61
35
33 U.S. assets abroad, net (increase/capital outflow ( ))
130
33
253
54
-51
-76
190
7,686
-2,696
1,258
-242
-45
64
-261
33
-45
35
-23
46
(*)
8
-54
10
163
-11
-32
43
-22
8
19
10
23
-14
-76
-164
67
21
28
-16
24
20
56
-65
8
1
373
1
299
45
103
-65
182
1
40
332
-1
4
-4
2
3
294
-1
7
38
(*)
10
93
(*)
-8
57
n.a.
182
-7,611
-1,413
1,582
-1,651
-2,965
2,724
-536
-725
-334
1,129
-1,202
-884
-397
-147
226
51
121
35
123
6
23
137
483
7
8
9
10
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services ...
U S Government miscellanous services
11
12
13
Receipts of income on U.S. assets abroad:
Direct investment .
....
Other private receipts
U.S. Government receipts
.
14 Transfers of goods and services under U.S military grant programs net
15
Imports of goods and services
3
16
17
Merchandise adjusted excluding military
Direct defense expenditures
18
19
20
Travel
.
Passenger fares
Other transportation
21
22
23
24
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
Payments of income on foreign assets in the United States:
Direct investment
Other private payments
U.S. Government payments
....
....
.
.
...
.
. . . .
-136
28 U S military grants of goods and services net
29 Unilateral transfers (excluding military grants of goods and services) net
30
31
32
34
35
36
37
38
U.S. official reserve assets net 4
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
39
40
41
42
U.S. Government assets, other than official reserve assets net
U S loans and other long-term assets
Repayments on U.S loans 5
U S foreign currency holdings and U S short-term assets net
43
44
45
46
47
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns
U S claims reported by U S banks not included elsewhere
48 Foreign assets in the United States, net (increase/capital inflow ( + ))
49
50
51
52
53
54
55
Foreign official assets in the United States, net
U.S. Government securities6
U.S. Treasury securities
Other 7
Other U S Government liabilities 8
U.S. liabilities reported by U9 S. banks, not included elsewhere
Other foreign official assets
56
57
58
59
60
61
Other foreign assets in the United States, net
Direct investment
U S Treasury securities
U.S. securities other than U.S Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns
U.S. liabilities reported by U S. banks, not included elsewhere
(15)
(*)
(15)
(15)
20
31
15
9
(15)
(15)
(15)
-4
-1
(*)
(15)
(15)
(15)
(15)
(*)
15
6
(*)
4
121
(15)
(15)
15
^21
(*)
11
15
112
-154
(15)
1
(15)
(15)
(15)
(15)
-1
(*)
(15)
(15)
(15)
(15)
1
1
13
15_7
15
7
16
15
n.a.
136
6,147
2,354
x
351
52
116
>
( 14 )
(14)
(14)
'
16
6
6
1
(14)
(14)
(14)
5,796
118
2,406
204
599
231
(14)
(14)
308
72
272
19
( 14 )
(14)
1,274
403
(14)
(14)
988
-96
653
10,546
704
551
551
-2,328
480
438
438
-2,281
149
123
123
62 Allocations of special drawing rights
63 Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above
items with sign reversed).
64
65
66
67
Memoranda:
Balance on merchandies trade (lines 2 and 16)
Balance on goods and services (lines 1 and 15) 10
Balance on goods, services, and remittances (lines 65, 31, and 32)
Balance on current account (lines 65 and 29) 10
See footnotes on page 64.
.
.
-1,938
-442
1,547
1,901
1,793
1,757
310
393
366
354
-310
-16
59
31
22
-982
739
842
812
805
-485
488
561
536
529
-483
511
576
549
536
-610
276
320
291
283
61
SURVEY OF CURRENT BUSINESS
December 1984
Transactions, by Area—Continued
of dollars]
Canada
1983
Japan
Latin American Republics and Other Western Hemisphere
1984
1983
1983
IV
I
II '
HI"
1983
II
III
IV
I
II '
III"
I
IV
III
II
Line
1984
1983
1984
III"
II'
16,180
17,681
19,025
17.584
57,196
13,560
15,147
14.668
15.217
15,217
16.926
31.427
7.586
8.046
8.743
8.199
8,547
8.289
1
11,735
41
12,923
25
14,555
55
12,844
35
25,581
251
6,155
36
6,767
56
6,461
130
6,876
57
7,298
45
7,598
61
21,677
421
5,208
118
5,597
129
6,144
72
5,582
79
6,015
108
5,683
143
2
3
602
957
843
760
242
183
209
266
3,726
594
1,631
939
157
440
1,090
184
422
835
109
377
696
124
406
795
122
400
868
130
491
1,128
700
1,876
257
232
469
348
135
498
230
175
508
351
188
486
305
255
479
383
143
577
4
5
6
240
14
162
3
289
14
164
2
276
14
163
3
235
15
163
5
514
100
1,172
79
118
25
293
23
129
25
285
26
156
25
302
14
105
26
325
18
108
26
330
24
182
26
330
18
387
500
246
19
105
124
62
5
88
126
63
3
98
127
61
5
88
129
58
5
110
130
56
2
92
132
56
5
7
8
9
10
1,522
1,608
12
1,434
1,678
13
1,146
1,750
11
1,419
1,828
15
690
22,228
632
-208
5,428
154
368
5,623
173
375
5,805
79
587
5,922
77
-299
6,275
93
525
6,628
118
247
716
43
190
818
51
465
812
45
333
849
51
146
901
39
14
5
29
4
1
2
45
980
51
_l
11
12
13
55
1,193
3,087
192
j
14
1
-16,470
-18,083
-19,432
-19,421
-63,852
- 16,086
-16,257
-16,822
-18,714
-18,607
-19,713
-49,710
-11.865
-12,469
-14,281
-15,490
-16.853
-19.475
15
-15,041
-68
-16,677
-43
-17,707
-55
- 16,554
-55
-41,867
-314
-10,771
-50
-10,538
-81
-11,097
-125
-12,402
-130
-11,886
-126
-12,107
-126
-41,307
-1,312
-9,822
-309
-10,172
-332
- 12,019
-366
-12,999
-334
- 14,063
-350
- 16,393
-351
16
17
-313
-269
-588
-1,140
-190
-118
- 155
-192
-5,517
— 469
-1,774
-1,362
-131
-447
-1,464
-146
-487
- 1,285
-78
-438
-1,550
-128
-439
-1,393
-163
-446
-1,629
-169
-484
-302
-237
-2,101
-98
-81
-523
-89
-73
-561
-73
-40
-577
-68
-54
-621
-143
-101
-566
-110
-66
-722
18
19
20
-81
-3
-93
-9
-139
-3
-118
-7
-71
-3
-95
-11
-158
-3
-91
-14
61
-10
-1,690
-333
23
-2
-426
-80
24
-2
-412
-97
17
-2
-430
-79
10
-3
-438
-74
17
-3
-446
-90
-8
-3
-442
-90
154
-38
-114
-48
38
-9
-28
-7
33
-10
-27
-10
26
-10
-28
-8
30
-11
-31
-9
26
-11
-33
-7
25
-12
-34
-8
21
22
23
24
-114
-458
-102
-86
-527
-96
-91
-577
-79
-452
-670
-93
-285
-11,393
-261
-81
-2,692
-68
-30
-2,959
-65
-116
-3,130
-60
-96
-3,391
-73
-136
-4,414
-105
-1,065
-1,096
-2,243
-208
-275
-543
-480
-310
-605
-565
-401
-640
-688
-425
-691
25
26
27
— 14
—5
— 29
_4
_2
1
-371
-284
-572
j
-287
-296
-602
— 55
14
-4,000
-85
j
1
28
-39
-42
-48
-36
-1,507
-347
-417
-417
-408
-48
-8
-12
-27
-3
-23
-17
29
-141
-74
-131
-186
-74
-157
-198
-76
-144
-198
-76
-134
-196
-77
-178
-512
-69
-184
1
-49
1
-9
-2
-10
-6
-21
i
30
31
32
3,236
3,540
-7,882
3,496
310
6,179
-3,547
185
-1,276
-62
20
-68
19
-59
22
530
-1,587
-693
104
-10,373
3
30
25
8
14
-3
-76
-96
20
(*)
526
93
-20
-833
1,287
-1,590
-1,364
316
37
-578
i
3
-451
-764
13
-16
-8
-16
-18
-1,565
617
-128
1.116
33
-33
-34
34
34
35
36
37
38
2,083
160
765
-10
10
98
-35
106
277
2,083
160
765
-10
10
98
-35
-106
277
-33
-34
-34
31
17
31
33
-1
17
1
31
-1
39
40
41
42
619
-283
327
-200
775
-112
89
370
41
-611
1,119
527
657
n.a.
-65
43
44
45
46
47
2,758
2,017
4,029
48
(15)
(15)
10
-1
-234
2070
1,811
25
10
481
480
11
136
661
536
-10
-369
555
192
-6
-411
— 504
203
-110
-282
— 629
391
-44
-612
— 713
227
-127
16
— 76
91
1
-16
— 33
18
(*)
6
23
28
(*)
5
-12
17
(*)
-617
-242
-28
521
-868
95
-821
-281
n.a.
1,197
-12,222
3,066
658
-2,207
-13,740
3,065
1,246
265
457
1,097
2,911
60
47
—711
3,516
-7,504
465
-40
-335
-7,594
3,897
418
336
1,576
1,567
592
2,874
1,222
1,870
-5,374
6,792
-387
309
n.a.
6,870
-3,662
-1,050
-539
-137
-1,936
236
-209
-553
111
887
-1,176
-205
36
-57
-950
- 1,847
-464
204
-43
- 1,544
-203
6,529
13,842
5,019
12,278
1,108
7,225
2,150
1,721
(15)
(15)
(15)
(15,
(15)
(15)
(15,
(15,
(15,
9
514
1,858
1,208
1,760
„
-497
-985
70
(14)
(14)
(14,
-14 -2
-35
-5
(14)
(14,
-282
'
J
-62
23
-652
-297
-558
27,058
(15,
(15)
1,929
(»)
(
{
17
29
-24
-38
90
204
-148
108
-42
-76
-99
71
-173
(15)
(15)
(15)
(15)
(15,
(15)
(15,
(15,
(15,
(15,
(15,
(15,
,15)
378
-135
337
78
-84
-109
1,706
695
265
430
763
832
1,252
(15)
83
(15,
(15)
(15)
(15,
(15)
(15)
(15,
(15,
(15)
(15)
(15,
,15,
,15)
82
49
50
51
52
53
54
55
(14)
(14)
795
9
2,356
530
2,192
81
(14)
1,690
847
(14)
(14)
(14)
352
482
675
-268
127
4
(14)
489
n.a.
(14,
(14,
(14)
-714
172
-59
9
-8,522
-160
-8,543
-3,388
-4,610
-8,747
-3,736
14,654
1,953
3,990
5,201
3,919
6,441
6,057
63
-3,306
-290
-329
-329
-3,754
-402
-443
-443
-3,152
-407
-456
-456
-3,710
-1,837
-1,873
-1,873
-16,286
-6,656
-7,510
-8,163
-4,616
-2,526
-2,732
-2,873
-3,771
-1,110
-1,341
-1,527
-4,636
-2,154
-2,373
-2,571
-5,526
-3,497
-3,707
-3,905
-4,588
-3,390
3,644
-3,841
-4,509
-2,787
-3,039
-3,551
-19,630
-18,283
- 18,332
-18,332
-4,614
-4,279
,-4,287
-4,287
-4,575
-4,423
-4,435
-4,435
-5,875
-5,538
-5,565
-5,565
-7,417
-7,291
-7,294
-7,294
-8,048
-8,307
-8,330
-8,330
-10,710
-11,185
-11,203
-11,203
64
65
66
67
| <»)
|
15
674
102
25,821
15
248
-208
-125
15
67
53
6,043
15
251
232
13,304
15
224
2,670
2,247
15
171
3,626
8,500
15
288
n.a.
533
15
956
347
4,364
15
88
190
1,069
15
381
61
1,056
15
565
-47
1,057
15
269
93
1,732
313
-40
841
15
15
352
n.a.
2,599
56
57
58
59
60
61
62
62
December 1984
SURVEY OF CURRENT BUSINESS
Table 10.—U.S. International
[Millions
Australia, New Zealand, and South Africa
(Credits +; debits -)1
Line
1 Exports of goods and services
1984
1983
2
II r
I
IV
III
II
III"
9,977
2,665
2,578
2,510
3,044
3,105
3,135
6,584
388
1,844
42
1,653
42
1,656
34
1,944
59
2,068
64
1,928
329
Travel
Passenger fares
Other transportation
388
231
416
121
62
103
131
63
111
63
66
103
78
44
101
144
72
90
146
71
102
7
8
9
10
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
379
70
233
8
84
18
58
2
96
17
59
2
107
17
60
1
96
18
63
1
91
18
66
2
108
19
67
2
11
12
13
Receipts of income on U.S. assets abroad:
Direct investment
Other private receipts
U.S. Government receipts
565
684
31
153
171
8
231
168
5
204
189
10
414
222
5
234
251
5
84
270
11
7,295
1,745
1,782
-2,126
-1,771
-1,875
2,115
5317
-44
-1,328
-10
1287
-15
-1,568
-9
-1,258
11
-1,428
11
1,490
-12
-518
292
-398
-57
-78
-102
-107
-101
107
191
-66
92
132
-59
100
-67
-76
-95
-169
107
-116
3
-6
44
-50
-2
-2
11
-9
1
-2
11
-12
1
-1
11
-10
_1
-1
-11
7
-4
1
-12
10
(*)
-1
-12
-8
42
-105
476
13
-26
-107
3
-26
-112
-9
27
-140
3
-32
-163
10
-32
151
-24
-33
144
2
3
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts
4
5
6
.
14 Transfers of goods and services under U.S. military grant programs, net
15 Imports of goods and services
Merchandise, adjusted, excluding military 3
Direct defense expenditures
16
17
18
19
20
Travel
Passenger fares
^Other transportation ..
21
22
23
24
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
Payments of income on foreign assets in the United States:
Direct investment
Other private payments
U.S. Government payments
.
28 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 U.S. assets abroad, net (increase/capital outflow ( — ))
34
35
36
37
38
U.S. official reserve assets, net 4
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
39
40
41
42
U.S. Government assets, other than official reserve assets net
U.S. loans and other long-term assets
Repayments on U.S. loans 5
U.S. foreign currency holdings and U.S. short-term assets, net
43
44
45
46
47
U.S. private assets, net
Direct investment
Foreign securities
U.S. claims on unaffiliated foreigners reported by U S nonbanking concerns
U.S. claims reported by U.S. banks, not included elsewhere
48 Foreign assets in the United States, net (increase/capital inflow ( + ))
49
50
51
52
53
54
55
Foreign official assets in the United States, net
U.S. Government securities6
U.S. Treasury
securities
Other 7
Other U.S. Government liabilities 8
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 9
56
57
58
59
60
61
Other foreign assets in the United States, net
Direct investment
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns
U.S. liabilities reported by U.S. banks, not included elsewhere
1
. . .
\
62 Allocations of special drawing rights
.
Memoranda:
Balance on merchandise trade (lines 2 and 16)10
Balance on goods and services (lines 1 and 15)
Balance on goods, services, and remittances (lines 65, 31 and 32)
Balance on current account (lines 65 and 29) * °
See footnotes on page 64.
15
-14
-15
-19
21
17
(*)
-4
-11
(*)
-4
-9
(*)
4
-10
(*)
-5
-14
(*)
-5
16
(*)
4
-13
-1,573
205
-1,129
78
-428
-14
-120
60
47
31
-67
23
13
16
-38
5
17
22
6
25
2
1
-2
3
(*)
10
-6
16
(*)
19
-32
13
(*)
-1,560
-175
111
58
-1,332
236
216
261
33
224
-1,113
-247
-404
-15
447
594
-39
-7
9
-557
469
-270
-36
28
-191
68
504
38
11
-387
-409
101
86
n.a.
-424
2,508
648
156
2,769
-554
746
,-697
(15)
(15)
(15)
(15)
(15)
145
98
102
99
93
(15)
(15)
41
185
(15)
(15)
(15)
(15)
99
20
-52
562
-3,558
-1,759
191
-2,565
1,267
2,682
2,624
2,624
516
920
905
905
366
796
782
782
88
383
369
369
-1
15
15
68
2,507
15
(15)
(15)
171
178
(15)
(15)
(15)
-73
1,440
21
120
673
8
23
-896
(15)
(15)
(15)
45
52
15
28
46
61
15
2,070
-468
-572
-8
(15)
(15)
15
15
61
n.a.
-572
.
63 Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above items with sign
reversed).
64
65
66
67
58
(*)
-17
41
-233
686
1,273
1,254
1,254
-2,032
122
640
1,229
1,209
1,208
438
1,020
1,003
1,003
SURVEY OF CURRENT BUSINESS
December 1984
63
Transactions, by Area—Continued
of dollars]
International organizations and unallocated 13
Other countries in Asia and Africa
1983
1983
1983
II
III
I
IV
II '
III"
III
II
Line
1984
1983
1984
II r
I
IV
III"
1,284
1,208
1
72,278
17,994
18,409
17,409
17,703
18,652
18,209
3,863
1,224
784
992
44,742
8,532
11,135
2,099
11,025
1,970
11,250
1,890
10,710
1,566
11,303
1,630
11,224
1,378
65
(*)
33
(*)
•
32
841
373
3,280
191
88
784
314
141
842
128
79
841
232
72
845
233
120
819
331
148
791
638
184
132
160
156
249
228
764
220
1,767
243
224
55
439
77
169
55
428
64
213
56
425
53
195
57
454
67
170
57
479
71
162
58
497
64
-76
-19
-21
-20
-11
-37
-26
1,052
66
260
56
267
6
273
1
323
2
313
57
361
2
7
8
9
10
4,475
4,751
2,291
1,257
1,131
515
1,399
1,228
775
714
1,264
497
1,565
1,286
656
1,716
1,381
674
1,417
1,479
659
749
809
560
208
208
294
130
196
73
186
235
125
192
231
223
173
227
269
151
225
268
11
12
13
-2,744
-612
-566
-951
-612
-649
-671
1,115
2
3
33
(*)
4
5
6
14
91
10
20
41
14
16
7
-80,546
-18,500
-22,466
-22,166
-22,010
-23,117
-25,722
-63,195
-3,302
-14,164
805
-18,004
843
-17,770
-816
17 889
-656
18 581
-616
-21,137
-547
-1,416
-373
-2,389
391
-91
-568
395
-116
-639
-399
-105
-633
-342
-76
-698
-530
-120
-757
-358
-123
-815
-65
-1,000
-11
-279
-17
-224
-18
-260
-19
-252
-11
-312
-17
-281
18
19
20
252
-5
-420
-589
87
1
-103
-156
56
1
-108
-150
69
-1
-113
-144
239
-1
-118
-139
121
-1
-122
-162
87
-1
-127
-168
-88
^502
-22
-26
-22
-26
-23
-385
-24
-58
-23
-16
-26
-45
21
22
23
24
24
-3,045
-6,086
-8
-747
-1,552
2
-762
-1,506
36
-820
-1,471
3
-841
-1,485
3
-909
-1,437
13
-1,067
-1,453
-330
-759
-79
-195
-90
-187
-103
-163
-86
-174
-94
-194
-88
-214
25
26
27
15
16
17
-91
10
20
-41
14
-16
7
-5,820
-1,156
-1,350
-2,290
-1,413
-1,339
-1,582
-641
-198
-189
-138
-156
-169
-157
29
-4,454
324
-1,042
-830
-79
246
-1,001
-81
269
-1,927
79
-284
-1,039
-79
-295
-997
-79
263
-1,269
-80
233
-630
-188
-189
-138
-156
-161
-157
30
31
32
-10,121
-2,966
-2,368
-1,494
-58
-5,235
2,604
-6,905
-1,597
-713
-1,386
-550
-941
-898
33
-4,500
-515
-298
-1,451
426
-609
-602
-66
-4,434
-303
-212
-209
88
545
-1,996
-226
-200
-288
-321
-271
-331
34
35
36
37
38
28
a
11
-9
-3,328
-5,250
1,841
81
-888
-1,278
399
-10
-748
-1,503
679
77
-812
-1,233
450
-30
-1,199
-1,650
410
41
-804
-1,489
665
20
-791
-1,230
447
g
-1,031
-1,036
5
-153
-153
-236
-237
1
-286
-286
-221
-225
4
-217
-222
5
-212
-212
39
40
41
42
-6,792
-1,556
-378
47
-4,905
-2,078
94
-195
-5
-1,972
-1,620
-381
-67
14
-1,158
-682
140
-10
-15
-798
1,141
-724
242
213
1,410
-4,431
-1,119
174
358
-3,127
3,395
-60
-89
n.a.
3,543
-1,374
-530
-666
(*)
-178
-929
-347
-436
1
-144
-180
-72
53
1
-162
351
-177
101
97
59
118
427
-80
-115
-134
-150
20
149
-84
-139
87
n.a.
-32
43
44
45
46
47
-1,301
-2,630
1,214
315
-2,901
2,257
2,786
1,757
1,085
-41
-422
370
310
599
48
47
-33
21
32
21
-20
14
47
-33
21
32
21
-20
14
49
50
51
52
53
54
55
1,711
1,118
-61
-454
349
329
585
(15)
(15)
(15)
(15)
(15)
(15)
-69
41
-426
(15)
-38
-5
15
392
(15)
(15)
-19
98
28
(15)
(15)
193
164
430
-1,059
-846
15
-126
(15)
15
166
-429
-2,628
15
(15):
208
163
281
-50
(15)
(15)
(15)
15
( )|
52
-13
275
120
(15)
(15)
(15)
(15)
(15)
(15)
(15)
105
1,944
-737
55
-721
15
723
(15)
15
54
194
-3,300
(15)
15
131
661
909
15
82
n.a.
2,634
15
106
153
1,452
15
-9
38
1,089
15
139
40
-240
15
15
90
12
227
254
n.a.
331
15
56
57
58
59
60
61
62
25,509
7,258
6,561
8,228
8,679
8,781
3,705
-18,453
-8,268
-9,634
-14,088
-3,029
-506
-831
-1,662
-6,979
-4,057
-4,407
-5,407
-6,520
-4,758
-5,121
-7,048
-7,179
-4,307
-4,681
-5,720
7278
-4,464
-4,806
-5,803
9913
-7,513
-7,826
-9,094
4,670
98
725
1,905
-168
166
-81
63
65
1,119
1,108
478
33
612
602
414
218
218
28
32
41
41
-97
503
503
348
33
635
626
465
537
537
380
64
65
66
67
64
General notes for all tables:
r
Revised.
* Less than $500,000 ( ±).
p
Preliminary.
n.a. Not available.
SURVEY OF CURRENT BUSINESS
Footnotes to U.S. International Transactions Tables 1-10
Table 1-2:
1. Credits, + : exports of goods and services: unilateral transfers to United States; capital inflows (increase in foreign assets (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 foreign assets (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 (see line 14).
3. Excludes exports of goods under U.S. military agency sales contracts identified in Census
export documents, excludes imports of goods under direct defense expenditures identified in
Census import documents, and reflects various other adjustments (for valuation, coverage, and
timing) of Census statistics to balance of payments basis; see table 3.
4. For all areas, amounts outstanding September 30, 1984, were as follows in millions of dollars:
line 34, 34,307; line 35, 11,097; line 36, 5,554; line 37, 11,619; line 38, 6,036.
5. Includes sales of foreign obligations to foreigners.
6. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible
and nonconvertible bonds and notes.
7. Consists of U.S. Treasury and Export-Import Bank obligations, not included elsewhere, and
of debt securities of U.S. Government corporations and agencies.
8. Includes, primarily, U.S. Government liabilites associated with military sales contracts and
other transactions arranged with or through foreign official agencies; see table 4.
9. Consists of investments in U.S. corporate stocks and in debt securities of private corporations
and State and local governments.
10. Conceptually, the sum of lines 67 and 62 is equal to "net foreign investment" in the national income and product accounts (NIPA's). However, the foreign transactions account in the
NIPA's (a) includes adjustments to the international transactions accounts for the treatment of
gold, (b) excludes capital gains and losses of foreign affiliates of U.S. parent companies from the
NIPA's measure of income receipts from direct investment abroad, and from the corresponding
income payments and (c) beginning with 1973-IV, excludes shipments and financing of military
orders placed by Israel under Public Law 93-199 and subsequent similar legislation. Line 65 differs from "net exports of goods and services" in the NIPA's for the same reasons with the exception of the military financing, which is excluded, and the additional exclusion of U.S. Government interest payments to foreigners. The latter payments, for NIPA's purposes, are excluded
from "net exports of goods and services" but included with transfers in "net foreign investment."
A partial reconciliation table of the international accounts and the NIPA's foreign transactions
account appears in the "Reconciliation and other Special Tables" section in this issue of the
SURVEY OF CURRENT BUSINESS.
11. Includes foreign currency denominated notes sold to private residents abroad. See table 9,
line B5, footnote 4.
Table 3:
1. Exports, Census basis represent transaction values, f.a.s. U.S. port of exportation; imports,
Census basis, represent Customs values. (See Technical Notes, June 1982 SURVEY.) The unadjusted figures for exports and imports shown in lines Al, A10, Dl, and D60, are as published by the
Census Bureau, as are the seasonally adjusted figures in lines Al and A10. The seasonally adjusted figures in line Dl and D60 are prepared by BEA and represent the summation of seasonally
adjusted 4-digit end-use categories (see Technical Notes in the June 1980 SURVEY) .
2. Adjustments in lines A5 and A14, B12, B46, and B80 reflect the Census Bureau's reconciliation of discrepancies in the merchandise trade statistics published by the United States and the
counterpart statistics published in Canada. These adjustments also have been distributed to the
affected end-use categories in section C.
3. Exports of military equipment under U.S. military agency sales contracts with foreign governments (line A6), and direct imports by the Department of Defense and the Coast Guard (line
A15), to the extent such trade is identifiable from Customs declarations. These exports are included in tables 1, 2, and 10, line 3 (transfers under U.S. military agency sales contracts); and the
imports are included in tables 1, 2, and 10, line 17 (direct defense expenditures).
4. Addition of electrical energy; deduction of exposed motion picture film for rental rather than
sale; net change in stock of U.S.-owned grains in storage in Canada; net timing adjustments for
goods recorded in Census data in one period but found to have been shipped in another; and coverage adjustments for special situations in which shipments were omitted from Census data.
5. Correction for discrepancy between sum of four quarters, seasonally adjusted, and the unadjusted annual totals, plus the difference between Census published seasonally adjusted totals and
the summation of seasonally adjusted 4-digit end-use categories.
6. Deduction of foreign charges for repair of U.S. vessels abroad, which are included in tables 1,
2, and 10, line 20 (other transportation); net 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.
7. Annual and unadjusted quarterly data shown in this table correspond to country and area
data in table 10, lines 2 and 16. Trade with international organizations includes purchases of nonmonetary gold from the IMF, transfers of tin to the International Tin Council (ITC), and sales of
satellites to Intelsat. The memoranda are defined as follows: Industrial countries: Western
Europe, Canada, Japan, and Austrailia, New Zealand, and South Africa: Members of OPEC: Venezuela, Ecuador, Iraq, Iran, Kuwait, Saudi Arabia, Qatar, United Arab Emirates, Indonesia, Algeria, Libya, Nigeria, Gabon; Other countries: Eastern Europe, Latin American Republics, other
Western Hemisphere and other countries in Asia and Africa, less OPEC. Before 1984, complete
geographic area detail was not available for some balance of payments adjustments, e.g., timing.
Therefore, the new detail shown does not always sum to the values shown for the traditional area
aggregates, e.g., EC(10). For all years, "Asia" and "Africa" exclude certain Pacific Islands and
unidentified countries included in "Other countries in Asia and Africa."
8. The statistical identification of automotive products exports to Canada (line D47) is not as
complete and comprehensive as the identification of imports under the U.S.-Canada Automotive
Products Trade Act. However, the underestimation of automotive shipments to Canada due to
unidentified auto parts and unreported exports, amounting to about $2,484 million in 1983, has
been largely corrected in line C24.
9. Includes nuclear fuel materials and fuels.
Table 4:
1. Expenditures to release foreign governments from their contractual liabilities to pay for defense articles and services purchased through military sales contracts—first authorized (for
Israel) under Public Law 93-199, section 4, and subsequently authorized (for many recipients)
under similar legislation—are included in line A3. Deliveries against these military sales contracts are included in line CIO; see footnote 2. Of the line A3 items, part of these military expenditures is applied in lines A38 and A41 to reduce short-term assets previously recorded in lines
A36 and C8; this application of funds is excluded from lines C3 and C4. A second part of line A3
expenditures finances future deliveries under military sales contracts for the recipient countries
and is applied directly to lines A37 and C9. A third part of line A3, disbursed directly to finance
purchases by recipient countries from commercial suppliers in the United States, is included in
line A32. A fourth part of line A3, representing dollars paid to the recipient countries to finance
purchases from countries other than the United States, is included in line A43.
2. Transactions under military sales contracts are those in which the Department of Defense
December 1984
sells and transfers military goods and services to a foreign purchaser, on a cash or credit basis.
Purchases by foreigners directly from commercial suppliers are not included as transactions
under nr cary sales contracts. The entries for the several categories of transactions related to
militar .sales contracts in this and other tables are partly estimated from incomplete data.
3. The identification of transactions involving direct dollar outflows from the United States is
made in reports by each operating agency. Data for the third quarter 1984 are extrapolated estimates by BEA, because of incomplete reports from one operating agency.
4. Line A33 includes foreign currency collected as interest and line A38 includes foreign currency collected as principal, as recorded in lines A13 and A14, respectively.
5. Includes (a) advance payments to the Department of Defense (on military sales contracts)
financed by loans extended to foreigners by U.S. Government agencies and (b) the contraentry for
the part of line CIO which was delivered without prepayment by the foreign purchaser. Also includes expenditures of appropriations available to release foreign purchasers from liability to
make repayment.
6. Includes purchases of loans from U.S. banks and exporters and payments by the U.S. Government under commercial export credit and investment guarantee programs.
7. Excludes liabilities associated with military sales contracts financed by U.S. Government
grants and credits and included in line C2.
8. Includes receipts on short-term Commodity Credit Corporation assets financing U.S. merchandise exports.
Table 5:
1. Also included in line 4.
2. Acquisition of equity holdings in existing and newly established companies, capital contributions, capitalization of intercompany accounts, and other equity contributions.
3. Sales, liquidations, and other dispositions of equity holdings, total and partial.
4. 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. "Other" industries includes mining; trade; banking; finance (except banking), insurance, and real estate; agriculture, forestry, and fishing; construction, transportation, communications, and public utilities; and services.
5. Also included in line 40.
Table 6:
1. Primarily provincial, regional, and municipal.
2. Largely transactions by International Bank for Reconstruction and Development (IBRD),
International Development Association (IDA), International Finance Corporation (IFC), Asian Development Bank (ADB), and Inter-American Development Bank (IDE).
3. Estimate for scheduled redemptions and identifiable early retirements. Includes estimates
based on Canadian statistics for redemptions of Canadian issues held in the United States. Unidentified and nonscheduled retirements appear in line 29.
4. Issues through finance affiliates established primarily to borrow capital from abroad. Issues
are almost always guaranteed by the establishing U.S. parent and are often covertible into the
parents' securities. To the extent proceeds are transferred from offshore affiliates to U.S. parents—the common practice—they are recorded as direct investment transactions in table 5, line
8.
Table 7:
1. Primarily mortgages, loans, and bills and notes drawn on foreigners.
2. Consists of Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
3. Bahamas, British West Indies (Cayman Islands), Netherlands Antilles, and Panama.
4. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting
countries.
Table 8:
1. Includes central governments and their agencies and corporations; state, provincial, and
local governments and their agencies and corporations; and international and regional organizations.
2. U.S.-owned banks are mainly U.S.-chartered banks and Edge Act subsidiaries. U.S. brokers'
and dealers' accounts may be commingled in some categories. Foreign-owned banks include U.S.
branches and agencies of foreign banks and majority-owned bank subsidiaries in the United
States.
3. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
4. Bahamas, British West Indies (Cayman Islands), Netherlands Antilles, and Panama.
5. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting
countries.
6. Includes Eastern Europe and international and regional organizations.
Table 9:
1. Negotiable certificates of deposit issued by banks in the United States are included in banks'
custody liabilities and are separately identified in memorandum line 8. Nonnegotiable certificates
of deposit are included in time deposits.
2. Includes borrowing under Federal funds or repurchase arrangements, deferred credits, and
liabilities other than deposits.
3. Mainly negotiable and readily transferable instruments, excluding U.S. Treasury securities.
4. U.S. Treasury notes denominated in foreign currencies and subject to restricted trarisferability that were sold through foreign central banks to domestic residents in country of placement.
None of these notes were outstanding after July 1983.
5. Mainly International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Asian Development Bank
(ADB), Inter-American Development Bank (IDB), and the Trust Fund of the International Monetary Fund.
6. U.S.-owned banks are mainly U.S.-chartered banks and Edge Act subsidiaries. U.S. brokers'
and dealers' liabilities may be commingled in some categories. Foreign-owned banks are U.S.
branches and agencies of foreign banks and majority-owned bank subsidiaries in the United
States.
7. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
8. Bahamas, British West Indies (Cayman Islands), Netherlands Antilles, and Panama.
9. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting
countries.
10. Includes Eastern Europe and international and regional organizations.
Table 10:
For footnotes 1-10, see table 1.
11. The "European Communities (10)" includes the "European Communities (6)," United Kingdom, Denmark, Ireland, and Greece.
12. The "European Communities (6)" includes Belgium, France, Germany, Italy, Luxembourg,
the Netherlands, the European Atomic Energy Community, the European Coal and Steel Community, and the European Investment Bank.
13. Includes, as part of international and unallocated, the estimated direct investment in foreign affiliates engaged in international shipping, in operating oil and gas drilling equipment that
is moved from country to country during the year, and in petroleum trading.
14. Details not shown separately; see totals in lines 49 and 56.
15. Details not shown separately are included in line 61.
Constant-Dollar Inventories, Sales, and Inventory-Sales Ratios for Manufacturing and
Trade
Tables 1, 2, and 3 present constant-dollar inventories, sales, and inventory-sales ratios, respectively, quarterly and monthly. Table 4 presents
quarterly constant-dollar fixed-weighted inventory-sales ratios, i.e., ratios
obtained by weighting detailed industry ratios by 1972 sales. Table 5 pre-
sents monthly inventories for manufacturing by stage of fabrication.
Quarterly estimates for 1981:1 to 1984: II and monthly estimates for 1984
were published in the September 1984 SURVEY OF CURRENT BUSINESS.
Table 1.—Manufacturing and Trade Inventories in Constant Dollars,
Seasonally Adjusted, End of Period
Table 2.—Manufacturing and Trade Sales in Constant Dollars,
Seasonally Adjusted Total at Monthly Rate
[Billions of 1972 dollars]
[Billions of 1972 dollars]
IS 84
1984
II
III
270.0 276.1
Manufacturing and trade.
...;... 141.6 144.9
Manufacturing
953
Durable goods
Primary metals
Fabricated metals
Machinery except electrical
Electrical machinery
Transportation equipment .
Motor vehicles
Other
Other durable goods l
16.7
18.6
45
4.7
4.5
14.0
15.7
46.4
Nondurable goods
11.3
Food and kindred products
35.1
Nonfood
Paper and allied products
, 4.3
9.0
Chemicals and allied products
3.2
Petroleum and coal products
3.1
Rubber and plastic products
Other nondurable goods 2
. . . 15.4
Durable goods
Auto dealers
Other durable goods
Nondurable goods
Food stores
Other nondurable goods
141.6 142.6
Sept. Oct."
274.3 276.1
144.0
144.9
95.3
12.0
10.5
21.9
16.7
18.6
96.2
12.0
10.4
22.1
17.0
18.9
97.2
12.1
10.3
22.5
17.2
19.2
97.9
12.1
10.4
22.5
17.4
19.4
4.5
4.7
4.7
4.7
278.3
145.3
98.6
12.0
10.5
22.7
17.8
19.6
4.8
14.7
15.9
13.9
15.6
14.0
15.7
14.3
15.8
14.5
15.9
14.7
15.9
14.8
16.0
47.0
11.3
35.8
46.0
11.4
34.7
46.4
11.3
35.1
46.5
11.3
35.2
46.8
11.4
35.4
47.0
11.3
35.8
46.7
11.0
35.7
4.4
4.3
4.3
4.4
4.4
4.4
4.5
9.4
3.2
3.2
15.5
8.8
3.2
3.1
15.3
9.0
3.2
3.1
15.4
9.1
3.2
3.2
15.4
9.2
3.2
3.2
15.4
9.4
3.2
3.2
15.5
9.3
3.3
3.1
15.5
57.2
59.4
57.7
57.2
58.2
58.8
59.4
60.1
37.3
19.9
39.0
20.5
37.1
20.7
37.3
19.9
37.9
20.3
38.4
20.4
39.0
20.5
39.4
20.7
7.9
Retail trade
140.5
94.4
11.9
10.3
21.7
16.5
18.4
219
Durable goods
Nondurable goods
Groceries and farm products
Other nondurable goods
270.0 270.0 272.1
97.9
12.1
10.4
22.5
17.4
19.4
12.0
10.5
Merchant wholesalers
May June July' Aug.
8.1
8.3
7.9
7.9
8.2
8.3
8.1
12.0
12.3
12.4
12.0
12.4
12.3
12.3
12.4
71.1
71.8
71.8
71.1
71.3
71.5
71.8
72.9
316
31.8
14.5
17.3
40.0
32.2
15.0
17.2
39.6
31.6
14.4
17.3
39.5
31.5
14.2
17.3
39.8
31.5
14.2
17.3
40.0
31.8
14.5
17.3
40.0
32.5
15.0
17.4
40.4
14.4
17.3
39.5
7.8
31.7
7.7
32.3
7.7
31.9
7.7
7.8
32.1
31.7
7.7
32.3
7.7
7.7
32.3
32.7
Manufacturing and trade..
II
III
178.6
178.6
Sept. Oct."
May June July' Aug.
180.3
179.5
178.6
178.3 178.7
178.9
805
81 1
808
812
'80.8
81.9
80.7
80.9
Durable goods
Primary metals
Fabricated metals
Machinery except electrical
Electrical machinery
Transportation equipment
Motor vehicles
Other
Other durable goods l .
450
44
4.5
93
8.5
9.4
67
27
89
457
44
4.6
93
8.7
98
70
28
90
452
44
4.5
95
8.5
9.4
68
26
90
45.7
45.1
46.6
45.6
45.7
45
4.5
9.5
8.7
9.6
6.7
29
9.0
45
4.6
8.9
8.5
9.6
6.9
28
9.0
10.4
Nondurable goods
Food and kindred products
Nonfood
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods2
35.5
35.4
35.6
115
115
241
3.1
35.4
11.3
24 1
35.7
11.6
3.1
114
239
3.1
3.2
241
3.1
6.6
3.0
6.7
3.0
6.6
2.9
6.7
3.0
6.8
3.0
1.9
94
1.9
93
1.9
95
1.9
9.4
1.9
9.3
Manufacturing
Merchant wholesalers
Durable goods
Nondurable goods
Groceries and farm products
Other nondurable goods
Retail trade..
Durable goods
Auto dealers
Other durable goods
Nondurable goods
Food stores
Other nondurable goods
24 1
7.6
28
9.1
4.1
4.6
9.7
8.8
9.4
6.5
2.9
9.0
4.3
4.7
9.3
8.4
9.8
6.9
2.9
9.2
35.3
11.3
24.0
35.1
11.4
23.8
35.1
11.5
23.6
3.1
3.0
3.1
6.7
3.0
6.5
3.1
6.5
2.9
1.8
9.4
1.8
9.3
1.8
9.3
45
4.6
9.2
8.7
43.9
43.8
44.5
44.4
44.0
43.8
43.5
44.2
206
205
208
206
23.3
20.5
23.0
12.3
10.7
21.1
23.1
12.1
11.0
23.2
23.7
21 1
23.4
123
124
127
122
11.0
10.8
11.0
11.2
23.4
12.4
11.0
20.5
23.3
12.6
10.7
54.2
53.7
54.3
54.7
53.7
53.2
54.1
53.6
20.4
20.0
20.5
20.7
20.0
113
90
110
90
337
103
233
114
91
116
92
20.0
11 1
20.1
10.9
10.2
11.0
33.8
34.0
10.2
33.7
10.5
00 O
238
232
33.8
102
236
103
235
89
109
90
92
92
10.1
34.0
10.4
33.4
10.4
232
236
230
See footnotes to table 4.
See footnotes to table 4.
Table 3.—Constant-Dollar Inventory-Sales Ratios for Manufacturing
and Trade, Seasonally Adjusted
Table 4.—Fixed-Weight Constant-Dollar Inventory-Sales Ratios for
Manufacturing and Trade, Seasonally Adjusted
[Ratio, based on 1972 dollars]
[Ratio, based on 1972 dollars]
19 84
III
May June July' Aug.
1.51
155
150
150
152
1 53
1 55
1 56
1.76
179
174
175
177
176
180
180
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles
Other
Other durable goods l
212
271
235
236
197
197
68
516
176
214
279
227
242
201
198
68
521
177
209
269
232
230
194
195
66
526
174
208
267
233
231
192
194
68
491
175
213
270
225
247
200
196
68
517
176
209
269
222
244
199
184
62
513
174
215
295
228
232
198
206
72
510
178
2 16
Nondurable goods
Food and kindred products
Nonfood
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods 2 .
131
98
146
129
99
144
137
131
99
146
136
130
97
1 33
1 34
101
139
144
99
151
147
133
96
1.39
1.36
108
1.66
163
133
98
149
145
1.41
107
1.70
167
1.33
1 11
1.60
160
1.35
108
1.67
164
1.34
106
1.66
165
1.37
109
1.73
164
1.44
105
1.72
167
1.43
1 11
1.76
168
1.30
1.36
1.30
1.29
1.32
1.34
1.37
1.36
182
85
190
88
179
87
177
85
184X 188
87
88
190
89
186
90
.65
109
.66
1 14
.65
1 13
.65
107
.64
1 12
.65
1 14
.66
1 16
.68
1 13
131
134
132
130
133
1 34
1 33 1 36
155
127
191
117
76
135
159
132
191
157
131
190
153
124
189
158
128
158
130
158
133
1 91 1 89 1 89
Manufacturing and trade
Manufacturing
Merchant wholesalers
Durable goods
Nondurable goods
Groceries and farm products
Other nondurable goods
Retail trade
Durable goods
Auto dealers
Other durable goods
Nondurable goods
Food stores
Other nondurable goods
1 46 148
1 19
1 17
1 16
1 95
1 18
74
139
75
136
76
133
73
138
1984
1983
II
120
77
1 39
Sept. Oct."
118
73
137
276
227
244
212
199
70
503
174
1 51
145
IV
I
II
III
1.53
1.53
1.52
1.55
176
177
1.79
1.82
Durable goods
Nondurable goods
216
129
216
132
2.17
1.34
2.20
1.38
Merchant wholesalers
1 37
133
1.30
1.35
Durable goods
Nondurable goods
198
86
191
86
184
85
192
89
Retail trade
1.26
1.27
1.24
1.27
Durable goods
Nondurable goods
1 62
1.61
1.11
1.53
1.10
1.56
1.12
Manufacturing and trade
Manufacturing
109
r
Revised.
p
Preliminary.
1. Includes lumber and wood products; furniture and fixtures; stone, clay, and glass products;
instruments and related products; and miscellaneous manufacturing industries.
2. Includes tobacco manufacturers; textile mill products; apparel products; printing and
publishing; and leather and leather products.
NOTE.—Manufacturing inventories are classified by the type of product produced by the
establishment holding the inventory. Trade inventories are classified by the type of product sold
by the establishment holding the inventory.
Table 4: The f-S ratios shown in this table were obtained by weighting detailed industry I-S
ratios by 1972 sales. For manufacturing, 21 industries were used; for merchant wholesalers, 20
kinds of business; and for retail trade, 8 kinds of business.
161
137
121
74
1 42
See footnotes to table 4.
65
SURVEY OF CURRENT BUSINESS
66
December 1984
Table 5.—Manufacturing Inventories by Stage of Fabrication in Constant Dollars, Seasonally Adjusted, End of Period
[Billions of 1972 dollars]
198 4
II
June
May
III
July'
Aug.
Sept.
Oct."
Materials and Supplies
Manufacturing
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical .
Electrical machinery
Motor vehicles
Other transportation equipment
Other durable goods *
.
.
.
.
.
..
.
Nondurable goods
Food and kindred products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods 2
.. .
,
48.8
49.6
48.7
48.8
49.1
49.4
49.6
49.5
299
43
45
6.5
47
2.3
23
5.4
307
4.4
44
6.8
48
2.4
23
5.5
29.7
4.3
4.4
6.5
4.6
2.3
2.3
5.3
299
4.3
4.5
6.5
4.7
2.3
2.3
5.4
30.2
4.3
4.5
6.7
4.7
2.3
2.3
5.5
30.5
4.4
4.4
6.7
4.8
2.3
2.3
5.5
30.7
4.4
4.4
6.8
4.8
2.4
2.3
5.5
30.7
4.4
4.5
6.6
4.8
2.5
2.4
5,5
18.9
19.0
4.0
2.4
3.4
.9
1.2
7.1
19.0
4.2
2.3
3.4
.8
1.2
7.0
18.9
4.1
2.4
3.4
.9
1.2
7.0
18.9
4.1
2.3
3.4
.9
1.2
7.0
18.9
4.0
2.3
3.4
.9
1.2
7.0
19.0
4.0
2.4
3.4
.9
1.2
7.1
18.9
4.0
2.3
3.5
.9
1.1
7.0
49.2
50.4
48.6
49.2
49.5
50.1
50.4
50.8
420
4.4
35
9.2
86
1.5
104
4.4
432
4.4
3.5
9.3
9.2
1.5
110
4.4
41.4
4.4
3.4
9.1
8.5
1.5
10.2
4.4
42.0
4.4
3.5
9.2
8.6
1.5
10.4
4.4
42.4
4.4
3.5
9.1
8.8
1.6
10.6
4.4
42.9
4.4
3.4
9.3
9.0
1.6
10.8
4.4
43.2
4.4
3.5
9.3
9.2
1.5
11.0
4.4
43.6
4.3
3.6
9.4
9.3
1.6
11.0
4.5
7.2
9
.5
15
.7
6
3.1
7.2
10
.5
1.5
.6
5
3.0
7.2
.9
.5
1.4
.7
.5
3.2
7.2
.9
.5
1.5
.7
.6
3.1
7.2
1.0
.5
1.5
.6
.5
3.1
7.2
1.0
.5
1.5
.7
.5
3.1
7.2
1.0
.5
1.5
.6
.5
3.0
7.2
.9
.5
1.5
.7
.6
3.0
43.7
44.9
43.2
43.7
44.0
44.5
44.9
45.0
235
3.3
25
6.2
34
g
1.4
59
23.9
2.5
6.4
3.5
8
1.4
6.1
23.3
3.3
2.5
6.1
3.4
.7
1.4
5.9
23.5
3.3
2.5
6.2
3.4
.8
1.4
5.9
23.6
3.3
2.4
6.2
3.5
.8
1.4
6.0
23.8
3.3
2.4
6.4
3.5
.8
1.4
6.0
23.9
3.3
2.5
6.4
3.5
.8
1.4
6.1
24.3
3.3
2.5
6.7
3.6
.8
1.4
6.0
202
62
1.5
41
1.7
14
53
20.9
63
1.6
4.5
1.7
1.4
55
19.9
6.2
1.5
4.0
1.7
1.4
5.1
20.2
6.2
1.5
4.1
1.7
1.4
5.3
20.4
6.3
1.6
4.2
1.7
1.4
5.3
20.7
6.3
1.6
4.3
1.7
1.5
5.3
20.9
6.3
1.6
4.5
1.7
1.4
5.5
20.7
6,0
1.6
4.4
1.7
1.5
5.5
41
2.4
34
.9
1.2
7.0
Work-in-Process
Manufacturing
Durable goods
Primary metals ... .
Fabricated metals
Machinery, except electrical
Electrical machinery
Motor vehicles
Other transportation 1 equipment
Other durable goods
. ...
Nondurable goods ...
Food and kindred products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods 2 .
Manufacturing
..
Finished Goods
Durable goods
Primary metals
Fabricated metals..
Machinery, except electrical
Electrical machinery
Motor vehicles
Other transportation1equipment
Other durable goods
Nondurable goods
Food and kindred products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products
Other nondurable goods 2
See footnotes to table 4.
.
.
.
.
.
...
oo
SURVEY OF CURRENT BUSINESS
December 1984
67
Subject Guide
Volume 64 (1984)
Articles and "Business Situation" sections are listed below by subject. Title, author, and issue and beginning page numbers are given. (Each issue contained the "National Income and Product Accounts Tables" and a discussion of estimates
therein.)
National
Employment and unemployment
Employment and Hours: Two Years of Postrecession
Growth. 12-4.
Farm
Farm Product and Income. 1-11.
Fixed capital stock
Fixed Reproducible Tangible Wealth in the United
States, 1980-83. (Fixed Nonresidential Private and
Residential Capital, Government-Owned Fixed Capital, Durable Goods Owned by Consumers.) John C.
Musgrave. 8-54.
GNP by industry
Gross Product by Industry, 1983. Milo O. Peterson. 4-58.
Government transactions
Anatomy of a Federal Government Deficit, Fiscal Year
1983. Joseph C. Wakefield. 3-19.
Economy and the Federal Budget: Guides to the Automatic Effects. Thomas M. Holloway. 7-102.
Federal Budget Developments. Joseph C. Wakefield. 422; 8-11.
Federal Fiscal Developments: The Tax Reform Proposal.
12-7.
Federal Fiscal Programs. Joseph C. Wakefield, Richard
C. Ziemer. 2-9.
Federal Personal Income Taxes: Liabilities and Payments, 1980-82. Thae S. Park. 4-56.
Government Sector. 3-4; 5-2; 8-3; 11-2.
National Defense Spending: A Review of Appropriations
and Real Purchases. Karl D. Galbraith and Joseph C.
Wakefield. 11-11.
Personal Income and Adjusted Gross Income, 1980-82.
Thae S. Park. 4-53.
Receipts and Expenditures of State Governments and of
Local Governments, 1980-83. David J. Levin. 9-19.
State and Local Government Fiscal Position: An Alternative Measure. David J. Levin. 3-23.
State and Local Government Fiscal Position in 1983.
David J. Levin. 1-30.
Input-output
Input-Output Structure of the U.S. Economy, 1977. Interindustry Economics Division. 5-42.
Inventories and sales
Manufacturing and Trade Inventories and Sales in Constant Dollars. 3-67; 6-77; 9-58; 12-65.
Mortgage markets
Adjustable Rate Mortgages: Recent Developments. 9-4.
Motor vehicles
Motor Vehicle Developments. 3-3; 6-2.
Motor Vehicles, Model Year 1984. Douglas R. Fox. 1020.
National income and product accounts (NIPA 's)
Errata for National Income and Product Accounts of the
United States, 1929-76: Statistical Tables. 7-17.
Improved Adjustments for Misreporting of Tax Return
Information Used to Estimate the National Income
and Product Accounts, 1977. Robert P. Parker. 6-17.
National Income and Product Accounts: Preliminary Revised Estimates, 1977. Gerald F. Donahoe. 5-38.
Revisions. Fourth Quarter of 1983, 2-1, and 3-4; First
Quarter of 1984, 5-1 and 6-3; Second Quarter of 1984,
8-1 and 9-3; Third Quarter of 1984, 11-1 and 12-11.
Summary National Income and Product Series, Annually and Quarterly: 1952-83. 8-60.
Underground Economy: An Introduction. Carol S.
Carson. 5-21; 7-106.
U.S. National Income and Product Accounts: Revised
Estimates, 1981-83 and First and Second Quarter
1984. 7-7.
Plant and equipment expenditures
Plant and Equipment Expenditures. Eugene P. Seskin,
J. Steven Landefeld, 1984, 1-26; First and Second
Quarters and Second Half of 1984, 3-26; Four Quarters of 1984, 6-26. Eugene P. Seskin, Four Quarters of
1984, 9-24; Quarters of 1984, First and Second Quarters of 1985, and Year 1985, 12-23.
Pollution abatement and control
Plant and Equipment Expenditures by Business for Pollution Abatement, 1983 and Planned 1984. William J.
Russo, Jr., Gary L. Rutledge. 6-31.
Pollution Abatement and Control Expenditures, 197282. Kit D. Farber, Frederick J. Dreiling, Gary L. Rutledge. 2-22.
Profits
Alternative Estimates of Capital Consumption and Domestic Profits of Nonfinancial Corporations, 1980-83.
8-58.
Corporate Profits. Fourth Quarter 1983, 3-4; Year 1983,
4-9; First Quarter 1984, 5-2 and 6-3; Second Quarter
1984, 8-1 and 9-3; Third Quarter 1984, 11-1 and 12-2.
68
SURVEY OF CURRENT BUSINESS
Reconciliation and other special tables
Command Over Goods and Services. 3-18; 6-16; 7-101;
9-17; 12-U.
Cyclically Adjusted Federal Receipts, Expenditures, Surplus or Deficit, and Debt. 3-18; 5-10; 8-9; 11-10.
Gross and Net Stocks of Air and Water Pollution Abatement Plant and Equipment. 8-9.
National Defense Purchases of Goods and Services. 2-8;
5-9; 8-10; 11-9.
Real Gross Product, Hours, and Compensation. 7-101.
Reconciliation of BEA Compensation and BLS Earnings.
2-8; 5-9; 8-9; 11-9.
Reconciliation of Net Exports and Balance on Goods and
Services. 3-18; 6-16; 9-17; 12-11.
Saving
Conflicting Measures of Private Saving. Frank de
Leeuw. 11-17.
International
Balance of payments
International Travel and Passenger Fares, 1983. Joan E.
Bolyard. 5-11.
U.S. International Trade and Investment in Services:
Data Needs and Availability. (Staff Paper Summary.)
Obie G. Whichard. 9-18.
U.S. International Transactions. Christopher L. Bach,
Fourth Quarter and Year 1983, 3-38. Russell C.
Krueger, First Quarter 1984, 6-35; Second Quarter
1984, 9-34. Anthony J. DiLullo, Third Quarter 1984,
12-41.
Foreign investment in the United States
Foreign Direct Investment in the United States in 1983.
R. David Belli. 10-26.
U.S. Affiliates of Foreign Companies: Operations in
1982. Ned G. Howenstine. 12-26.
U.S. GOVERNMENT PRINTING OFFICE : 1985 O - 464-378
December 1984
U.S. Business Enterprises Acquired or Established by
Foreign Direct Investors in 1983. R. David Belli. 5-16.
Investment position
International Investment Position of the United States
in 1983. Russell B. Scholl. 6-74.
International Investment Position of the United States,
1970-83. 8-40.
Reconciliation and other special tables
Command Over Goods and Services. 3-18; 6-16; 7-101;
9-17, 12-11.
Reconciliation of Net Exports and Balance on Goods and
Services. 3-18; 6-16; 9-17; 12-11.
U.S. investment abroad
Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies. Ralph Kozlow. 1984, 3-32;
1984 and 1985, 9-28.
U.S. Direct Investment Abroad: Country Detail for Selected Items, 1977-83. 11-24.
U.S. Direct Investment Abroad in 1983. Ned G. Howenstine. 8-18.
Regional
Personal income
County and Metropolitan Area Personal Income, 198082. Regional Economic Measurement Division. 4-30.
Regional Shifts in Personal Income by Industrial Components, 1959-83. Howard Friedenberg, Robert Bretzfelder. 11-28.
Regional Nonfarm Wages ^nd Salaries Thus Far in the
Recovery. Robert Bretzfelder, Howard Friedenberg. 425.
State Personal Income. 1-35; 4-27; 7-119; 10-24.
State Personal Income, 1977-83: Revised Estimates. Regional Economic Measurement Division. 8-41.
CURRENT BUSINESS STATISTICS
The statistics here update series published in BUSINESS STATISTICS: 1982, a statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume
(available from the Superintendent of Documents for $8.00, stock no. 003-010-00124-1) provides a description of each series, references to sources of earlier
figures, and historical data as follows: For all series, monthly or quarterly, 1979 through 1982, annually, 1961-82; for selected series, monthly or quarterly,
1961-82 (where available).
The sources of the series are given in BUSINESS STATISTICS: 1982; they appear in the main methodological note for each series, and are also listed
alphabetically on pages 135-136. Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources
are provided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
Annual
., .,
1982
1984
1983
1983
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
29685
29788
30065
July
Sept.
Aug.
Oct.
Nov.
GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE t
Seasonally adjusted, at annual rates:
Total personal income
bil $
Wage and salary disbursements,
total .
do
Commodity-producing industries,
total
do
Manufacturing
do
Distributive industries
do
Service industries
do
Govt and govt enterprises
do
Other labor income
do
Proprietors' income: $
Farm
.. .
do
Nonfarm
:
do
Rental income of persons with capital
consumption adjustment
bil $
Dividends
do
Personal interest income
do....
Transfer payments
..
do
Less: Personal contributions for
social insurance
>
do
Total nonfarm income
do
DISPOSITION OF PERSONAL INCOME t
Seasonally adjusted, at annual rates:
Total personal income
bil $
Less: Personal tax and nontax
payments
do
Equals: Disposable personal income
do ....
Less: Personal outlays
do
Personal consumption expenditures
do....
Durable goods ..
do
Nondurable goods
do
Services.
.
do
Interest paid by consumers to
business
....
do
Personal transfer payments to
foreigners (net).
...
do
Equals: personal saving
do
Personal saving as percentage of disposable
personal income §
percent
Disposable personal income in constant (1972)
dollars
. bil $
Personal consumption expenditures in
constant (1972) dollars
do
Durable goods
v.....do
Nondurable goods
.
do
Services
do
Implicit price deflator for personal consumption
expenditures
index, 1972 — 100
INDUSTRIAL PRODUCTION
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
Total index
1967 - 100
By industry groupings:
Mining and utilities
do
Manufacturing.
.
do
Nondurable manufactures
do....
Durable manufactures
do....
Seasonally Adjusted
Total index . . .
....
do
By market groupings:
Products total
do
Final products
do
Consumer goods
do
25846
27442
28149
28342
28604
28974
29235
1 5687
1 6592
17060
1 712 2 17279
17476
1 755 1 1 764 6 1 7853
5093
3829
3786
3743
3066
1555
5193
3952
3986
413 1
3282
1731
5342
4076
411 5
427 2
3332
1801
5389
4120
411 5
426 8
3351
1821
5438
4162
4166
430 6
3369
1843
5523
421 1
4182
436 1
3410
1863
557 4
4252
4177
437 1
3429
1881
558 2
4275
4216
440 4
344 4
1899
565 1
4318
4269
447 4
3459
1917
218
892
138
1079
148
1147
158
1146
214
114 5
301
1207
365
1229
309
1238
515
665
366.6
376 1
583
703
376.3
4050
589
722
387.5
4033
60 9
729
387.8
410 8
613
733
389.4
412 2
61 1
740
396.6
410 2
608
750
403.8
4109
612
760
411.4
4128
111 4
25321
119 6
2701 1
1226
2771 0
122 9
27894
123 9
28101
129 1
2 838 3
129 5
2 857 9
130 1
2880 5
1325
131 5
131 3
29138 2 928 1 29535
2 584 6
2744 2
2 814 9
2 834 2
2 860 4
2 897 4
2 923 5
2940 6
2968 5
404 1
2,180.5
20445
1,984.9
2451
7575
9822
404 2
2,340.1
22220
2,155.9
2798
8017
1 074 4
404 6
2,410.3
22853
2,216.5
2953
823 1
1 098 0
407 2
2,426.9
2 297 8
2,228.2
295 8
8252
1 107 2
411 8
2,448.7
2 316 8
2,245.9
3082
820 5
1 117 1
4152
2,482.2
2360 6
2,288.8
317 6
850 6
1 120 6
419 0
2,504.5
2340 9
2,267.6
3088
837 6
1 121 2
420 8
2,519.7
2347 3
2,273.2
306 4
835 6
1 131 3
429 6
4250
2,543.5 2,549.2
2 385 1 2417 1
2,310.1 2,340.1
325 4
3097
8600
8553
1 145 1 1 154 8
29406
r
30458
1 816 9 1 829 11 831 6 18456
5663
4317
4284
447 8
3473
1935
569 6
4333
4332
4527
348-8
1953
571 2
4350
4359
454 8
350 5
1967
574 1
4375
4343
4558
3526
1981
4390
r
461 3
354 1
1995
5748
4376
4396
r
4620
r
3551
2010
5792
4408
443.2
4665
3567
2025
254
1257
214
1262
235
127 1
r
r
265
!260
274
1261
r
280
127 1
r
276
1280
278
1286
61 6
769
418.4
414 9
620
77 1
425.6
414 8
624
776
432.9
4159
r
626
780
441.4
417 1
r
629
782
449.5
4199
633
794
'457.1
r
4187
-IOO O
1330
r
2 971 6 r2 988 5
1341
r
30102
2978 8
3 006 5
4363
2,570.2
2 426 3
2,347.9
326 9
8597
1 161 2
r
68 5
69 8
70 6
722
730
74 0
759
773
786
12
1250
11
129 1
11
1319
12
1216
12
1636
12
1724
10
1584
10
1321
10
1439
11
1587
62
50
53
52
56
61
65
61
57
1 1
1743
rQ 1
56
r
4222
644
80.2
460.9
4247
1342
r
3 021 2
1351
3,041.5
638
79.8
r
459.3
r
819
829
1.1
171.2
1.1
164.6
809
11
159.2
64
63
63
1 1724 1 174 3 1 1747 1 180 7 1 1809
10954
1 1182
1 028 3 1 031 3 1 037 6 1 052 8 1 0404
1650
1649
1718
177 5
1723
383 1
385 0
381 4
3860
391 3
480 3
481 4
484 5
482 1
484 0
2060
2136
215 5
216 0
216 5
217 4
217 9
2188
138 6
147 6
158 4
154 7
151 5
154 3
160 2
161 5
161 2
161 8
167 5
162 6
146 3
1376
156.2
124.7
142 9
148 2
168.1
134.5
141 6
1607
182.1
145.9
142 6
156 1
173.9
143.8
152 6
150 9
164.5
141.4
158 4
153 9
166.8
145.0
1527
161 2
175.4
151.3
149 1
163 2
177.1
153.6
1456
163 3
153.4
145 5
164 0
178.7
153.8
152 5
169 5
185^9
158.2
156 8
163 5
179.7 !
152.3 ,
1386
1476
1550
155 3
1562
158 5
160 0
1608
1621
1628
164 4
1659
141 8
141 5
1426
1492
147 1
151 7
155 6
1527
156 9
155 8
1532
156 1
157 4
1552
157 7
159 7
1575
159 5
1604
1580
159 4
161 1
1586
160 2
1625
1602
161 4
163 3
161 1
161 7
165 3
163 1
1630
167 4 |
165 2 '
163 8
165 1
162 5
1 163 1
r
:
1 009 2
1575
3763
475 4
1 151 8 1 160 4
r
799
963 3
1405
363 1
459 8
1 149 2
r
r
r
r
4462
4523
443 4
440 4
438 8
2,589.0 r2,605.4 r2,624.9 rr2,632.9 2,647.5
r
2 430 2 rr2 431 1 r 24656 2 461 6 2,482 9
r
'2,378.6 2,398.9
2,350.5 2,350.1 '2,383.7
r
r
r
3215
3182
3165
313 2
320 2
r
r
871;6
8639
8654
8535
8592
1 171 1 1 183 41 193 81 198 2 1 2120
67 6
1 131 3 1 141 8
5748
r
4368
r
r
10
1181
r
r
3 027 7 r3 045 8 r3 068 3 r3 079 1 30998
651
1 1233
3 068 3 r3 079 1 30998
1 8124
12
1360
10583
r
1 789 8 18043
585
53
r
3 027 7
1 039 1 1 053 9 1 067 7 1 071 0 1 066 11 059 5 1 072 2 1 066 9
1772
1778
1820
1729
1784
1748
171 2
1809
r
r
3935
391 1
399 1
3990
393 7
397 3
396 1
383 8
r
r
r
496 1
487 2
4894
4953
490 0
491 5
493 6
484 2
219 2
m!e
219 2
2192
r
220 5
r
222 3
2230
168 0
170 1
"1679
164 9
158 8
1691 o
-186.9
156.6
154 9
1720
189.3
160.0
P
146 1
P
171 1
"188.2
"159.3
147 4
'1669
181.2
157.0
166 0
1650
"1643
1650
rlQ7 2
1664
1645
161 6
"166 5
"164 5
"161 7
167
1
f
165 5
163 3
221 8
See footnotes at end of tables.
S-l
S-2.
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
Annual
..
IT
ljim
1982
December 1984
1984
1983
1983
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Seasonally Adjusted — Continued
By market groupings — Continued
Final products — Continued
Durable consumer goods
1967 = 100...
Automotive products
do
Autos and utility vehicles
do....
Autos
do
Home goods
do
Nondurable consumer goods
do....
Clothing
do
Consumer staples
do .
Consumer foods and
tobacco.
do
Nonfood staples
do
Equipment
do .
Business equipment
do....
Industrial equipment #
do
Building and mining
equip
do
Manufacturing equipment
do
Commercial, transit, farm
equipment #
do
Commercial equipment
do ....
Transit equipment
do
Defense and space equipment
do
Intermediate products
do.
Construction supplies
do....
Business supplies
do
Materials
do
Durable goods materials
do....
Nondurable goods materials
do....
Energy materials
do
By industry groupings:
Mining and utilities
do
Mining
do
Metal mining
do
Coal
do....
Oil and gas extraction #
do
Crude oil
....
do
Natural gas
do
Stone and earth minerals
do ....
Utilities
do
Electric
do
Manufacturing
do ....
Nondurable manufactures
do ....
Foods
do
Tobacco products
do
Textile mill products
do....
Paper and products
Printing and publishing
Petroleum products
Leather and products
Durable manufactures
Ordnance pvt and govt
Lumber and products
Clay, glass, and stone products
Primary metals
Iron and steel
Fabricated metal products
Nonelectrical machinery
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments
BUSINESS SALES
Mfg. and trade sales (unadj.), total @
Mfg. and trade sales (seas, adj.),
total @
Manufacturing, total ft
Durable goods industries
Nondurable goods industries
Retail trade total "'"
Durable goods stores
Nondurable goods stores
Durable goods establishments
Nondurable goods establishments
Mfg. and trade sales in constant (1972)
dollars (seas adj ), total §
Manufacturing
Retail trade
Merchant wholesalers
See footnotes at end of tables
162.6
!81.8
159.2
134.3
151.9
162.4
159.6
172.8
145.6
121.1
152.3
162.4
"158.1
"171.1
"144.8
"123.6
"150.9
"163.1
162.1
183.7
"161.7
138.9
150.0
163.7
174.5
r
!72.7
173.2
"174.3
174.8
161.9
186.3
163.3
181.1
140.4
162.9
188.0
167.0
185.5
143.1
161.8
185.4
168.7
187.6
143.3
162.3
185.8
168.5
186.4
143.5
"187.6
"168.4
"185.0
"144.0
187.9
168.5
184.4144.6
182.9
185.8
190.0
191.6
191.1
"194.8
199.5
127.4
128.6
130.1
129.7
129.8
"129.4
128.4
129.2
129.5
99.0
86.6
129.1
148.0
147.5
158.2
134.0
117.4
141.4
153.4
156.7
171.3
149.2
129.6
148.4
157.1
155.9
171.5
149.2
129.4
147.2
156.1
158.6
178.4
157.8
137.4
147.5
157.3
163.4
184.5
163.3
140.7
151.5
157.9
162.5
182.1
162.2
140.4
151.5
158.2
163.1
184.1
164.1
142.4
151.3
159.1
162.2
180.9
158.4
134.5
151.7
161.1
161.4
179.8
155.9
132.9
151.1
161.8
163.6
184.3
158.7
136.2
152.0
162.7
163.7
185.0
161.1
138.7
151.8
163.9
159.0
163.7
167.2
165.4
166.0
166.5
166.9
168.0
170.2
171.6
173.2
149.7
169.7
139.8
157.9
134.9
153.5
175.4
140.8
153.3
120.4
156.0
180.3
147.0
161.3
126.6
154.5
178.1
149.1
164.1
128.6
155.4
178.3
151.8
167.3
130.8
156.5
178.2
154.9
170.7
133.7
156.8
178.7
156.1
171.9
134.6
157.6
180.1
156.4
172.1
134.8
160.4
181.6
158.5
173.5
135.9
161.0
183.9
160.3
176.5
138.5
214.2
159.3
166.9
175.8
185.3
185.1
182.0
175.2
173.6
107.2
107.1
114.6
114.3
115.1
119.7
120.9
124.2
126.2
r
184.4
253.5
103.9
109.4
143.3
124.3
162.1
133.7
125.0
157.5
125.1
191.3
273.2
95.2
119.9
156.6
142.5
170.7
145.2
138.6
174.5
124.8
201.3
288.1
100.0
122.9
166.5
152.3
180.6
154.0
149.4
185.3
126.3
205.1
292.5
103.2
124.0
165.5
151.6
179.4
154.5
150.3
184.8
127.1
209.6
298.9
106.0
125.7
165.4
151.5
179.3
154.5
151.3
180.3
130.0
213.3
303.2
110.1
128.3
167.8
155.5
180.1
156.6
154.6
181.2
131.3
215.1
305.9
110.1
129.5
169.0
156.6
181.3
159.4
158.6
184.1
131.0
215.3
306.9
109,2
130.1
170.2
159.1
181.3
160.4
159.5
185.9
131.3
217.0
309.6
108.9
133.2
171.0
159.6
182.3
161.5
161.3
185.7
132.1
220.5
315.5
109.7
133.1
171.6
159.5
183.5
162.0
161.6
187.4
131.9
228.1
326.3
115.1
133.5
173.5
160.9
186.1
162.9
163.0
186.7
133.2
234.5
333.4
120.4
135.9
175.8
161.9
189.5
163.5
164.2
186.5
133.7
r
238.9
'339.2
124.5
136.8
175.1
160.9
189.1
164.0
165.3
186.7
133.0
'235.9
'336.5
121.4
138.5
173.5
159.2
187.6
162.7
163.8
184.9
132.5
"232.3
"332.3
"117.7
"140.5
"173.8
"158.5
"188.9
"161.0
"162.3
"184.9
"128.6
'230.4
''329.0
117.8
141.7
173.4
158.1
146.3
126.1
82.4
142.7
131.1
95.1
104.1
112.1
168.7
190.5
137.6
156.2
151.1
118.0
124.5
142.9
116.6
80.9
136.3
116.6
95.1
94.7
122.8
172.4
196.0
148.2
168.1
156.4
112.1
140.8
145.8
118.3
81.0
142.7
117.3
94.4
92.9
127.4
176.5
200.7
156.2
175.6
157.6
109.1
148.7
147.2
121.1
84.6
144.8
119.8
94.0
96.7
132.2
176.3
200.2
156.4
174.8
157.1
109.5
145.8
151.5
123.7
82.3
145.2
123.4
94.6
98.5
133.9
182.5
208.0
156.8
173.9
157.7
112.3
145.0
151.4
124.8
89.4
151.5
123.1
96.4
99.6
134.8
181.0
206.8
159.5
175.2
159.4
116.4
143.9
148.9
124.1
97.4
163.2
119.6
94.6
99.2
133.0
176.5
200.0
161.4
177.2
160.0
110.9
142.3
150.4
123.8
100.0
164.0
118.2
93.5
100.7
135.8
180.0
204.6
162.1
177.6
161.2
111.8
143.5
151.3
123.3
98.5
151.4
118.8
97.0
100.9
140.4
182.7
207.7
163,4
179.1
163.1
113.3
140.0
152.1
125.0
98.0
153.9
120.4
95.7
100.2
144.0
182.3
206.8
164.2
179.9
164.2
112.8
140.5
154.1
127.0
96.8
161.5
121.6
95.5
100.5
147.9
184.3
209.6
165.7
181.3
165.1
118.3
140.7
154.4
129.9
96.4
176.5
122.8
96.5
97.8
151.9
181.8
205.9
167.3
181.8
164.9
115.1
139.8
153.0
128.3
83.4
171:7
122.5
'95.8
97.4
153.5
180.6
204.0
167.6
181.7
164.7
113.8
140.3
153.2
128.4
'84.3
173.7
122.0
'96.3
"150.5
"123.4
"82.4
"127.8
"122.5
"95.3
151.2
124.4
154.8
180.8
'204.4
166.6
180.5
164.5
113.1
136.0
"152.9
"180.7
"203.9
"166.4
"181.0
150.8
144.1
196.1
121.8
254.7
60.9
124.7
86.9
112.6
151.9
128.2
75.3
61.7
99.7
114.8
149.0
169.3
104.9
109.8
161.9
164.3
152.5
215.0
120.3
291.9
61.9
134.5
95.4
137.2
170.5
143.4
85.4
71.5
110.1
120.2
150.6
185.5
117.8
137.1
158.7
171.5
162.7
228.4
123.6
310.8
64.0
142.8
98.8
141.7
181.0
151.9
95.3
84.3
115.5
126.9
159.2
198.4
125.5
150.9
163.0
172.1
162.0
225.6
125.4
309.1
63.2
143.6
99.3
141.0
177.5
152.7
92.2
79.2
114.1
128.5
161.8
200.1
127.3
152.9
163.0
170.1
161.7
221.1
114.4
314.4
66.0
145.0
99.8
143.8
177.9
153.8
90.4
74.1
121.5
129.2
164.3
201.5
130.8
158.9
164.6
172.3
163.4
221.5
118.8
317.2
61.4
148.6
99.7
146.0
183.8
157.8
93.2
80.7
117.4
131.7
169.5
206.2
134.9
166.3
167.8
176.6
164.8
224.8
127.6
318.5
63.9
150.5
99.6
145.6
185.6
160.4
98.4
86.0
121.3
132.8
170.9
209.9
135.2
164.4
168.6
173.8
165.2
225.0
127.0
323.8
63.9
151.4
100.6
149.3
184.6
160.2
97.5
84.4
122.5
134.9
171.9
212.0
135.8
165.8
169.7
172.4
166.3
228.3
126.8
328.0
63.5
152.6
101.4
151.2
186.6
160.0
99.3
84.0
122.9
135.5
174.9
214.6
134.5
161.9
171.0
174.1
167.5
227.9
127.9
334.1
61.4
153.3
100.8
146.3
190.5
160.6
98.2
83.5
121.4
136.5
178.8
214.5
135.0
163.0
171.8
174.6
169.0
231.0
127.5
341.0
60.0
154.9
101.7
148.5
191.9
159.7
97.9
83.5
122.1
138.7
182.0
216.0
137.2
165.3
174.5
176.7
172.6
232.0
124.7
341.4
60.6
157.2
102.7
146.0
192.6
160.9
94.5
76.5
131.7
140.6
186.9
221.5
140.6
169.0
176.7
176.7
173.1
'231.6
124.3
341.5
'59.1
157.8
105.5
148.8
195.3
160.0
'94.4
r
77.7
124.3
140.0
189.1
'221.5
141.0
169.6
177.4
177.6
171.3
'230.8
122.6
338.4
'57.9
157.0
106.8
149.2
194.3
158.6
r
93.2
'75.4
125.6
139.6
187.9
r
223.0
137.6
162.4
178.0
"176.0
"172.0
"232.7
"125.3
"337.1
"56.8
"156.3
"107.9
"148.8
"196.5
"158.1
"92.0
"74.7
"120.5
"140.0
"185.5
"220.8
"137.6
"161.7
"177.7
mil. $. 4,122,053 4,405,156
389,500
389,339
412,744
367,603
383,524
417,312
401,673
423,493
429,613
392,505
414,413 '410,746
424,413
401,133 398,815
184,406 185,005
96,297
95,283
88,708
89,123
106,602 105,482
36,909
37,127
68,573
69,475
110,125 108,328
47,308
47,855
61,020
62,270
401,905
188,479
96,990
91,489
103,873
35,306
68,567
109,553
48,454
61,099
405,880
187,332
95,697
91,635
107,505
37,436
70,069
111,043
49,366
61,677
412,725
189,376
97,944
91,432
108,237
37,912
70,325
115,112
51,188
63,924
414,124
190,401
99,042
91,359
109,322
38,687
70,635
114,401
52,212
62,189
411,410 411,176 '410,505 410,801
190,658 192,006 190 151 190,042
99,855
98,390 101,035 '98,943
90,187
90,971 '91,208
92,268
107,442 106,606 108,240 108,395
38,427
37,452
36,781 '37,046
69,968
69,990
69,825 '71,194
113,310 112,564 112,114 112,364
51,323
50,605 '50,498
50,875
61,041
61,959 '61,616
62,435
174.1
79.4
52.8
41.9
174.4
80.3
51.9
42.2
175.9
79.7
53.4
42.8
179.5
80.8
54.3
44.4
180.3
81.2
54.7
44.4
do
do
do....
do
.do ...
do
do
do ...
do
do...
do ...
.do ...
do
do ...
do
do
do
M, 122,053 '4,405,156
do.. 1 1,910,317 '2,047,400
do
922,313 1,021,514
do ..
988,004 1,025,886
1
do
1,074,561 '1,173,966
do ..
385,141
324,489
750,072
788,825
do ..
' 1,137,175 '1,183,790
504,810
do..
467,107
678,980
do ...
670,068
bil $
do ..
do
do
382,457 386,564 395,682
177,324 180,875 186,352
96,351
92,311
89,181
88,564
90,001
88,143
100,923 101,896 102,438
35,532
34,641
33,882
66,906
67,041 67,255
104,210 103,793 106,892
44,946
46,363
44,519
58,847
60,529
59,691
168.1
76.6
50.7
40.8
170.2
78.2
51.2
40.8
174.1
80.4
51.9
41.8
175.3
79.4
53.2
42.8
178.6
80.8
53.7
44.0
178.9
81.9
53.2
43.8
178.3
'80.7
'54.1
'43.5
161.8
•163.1
185.5
129.2
128.5
123.4
181.1
''204.3
167.0
181.4
"i35.4
178.7
80.9
53.6
44.2
176.5
172.6
125.4
157.1
109.1
'92.6
139.2
183.8
'221.1
142.9
173.3
178.5
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-3
SURVEY OF CURRENT BUSINESS
December 1984
Annual
,, - t
1982
1984
1983
1983
Oct.
Dec.
Nov.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INVENTORIES
Mfg. and trade inventories, book value, end of
period (unadj.), total @
mil $
509,324
500,915
Mfg. and trade inventories, book value, end of
period (seas, adj:), total @
mil. $..
514,336
505,546
Manufacturing, total tt •
do
260,426
264,599
Durable goods industries
do....
171,571
175,009
Nondurable goods industries
do ....
88,855
89,590
Retail trade, total $
do....
135,843
125,384
Durable goods stores
do
63,447
56,748
Nondurable goods stores
. do
72,396
68,636
115,563 118,067
Merchant wholesalers, total t
do ...
Durable goods establishments
do
75,811
76,013
Nondurable goods establish42,256
ments
dox
39,550
Mfg. and trade inventories in constant (1972)
dollars end of period(seas adj ) total § bil $
Manufacturing
do
Retail trade
do
Merchant wholesalers
do
v..
BUSINESS INVENTORY-SALES RATIOS
1.37
Manufacturing and trade total @
ratio
1.52
1.52
1.73
Manufacturing, total tt
do....
2.01
2.37
Durable goods industries
do....
.60
.72
Materials and supplies
do....
.90
Work in process
do
1.03
.61
.51
Finished goods
do
1.03
1.13
Nondurable goods industries
do....
.41
Materials and supplies
do....
.44
.17
Work in process
do
.18
.46
.50
Finished goods
•
do
Retail trade, total t
do....
1.33
1.42
Durable goods stores . . .
do
1.85
2.18
Nondurable goods stores
do ....
1.07
1.09
1.17
1.25
Merchant wholesalers, total t
do....
2.01
1.76
Durable goods establishments
do....
Nondurable goods establishments
do
.72
.72
Manufacturing and trade in constant (1972)
dollars, total §...
do
Manufacturing
do
Retail trade
do
Merchant wholesalers
.
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS tt
Shipments (not seas adj ) total
mil $ 1,910,317 2,047,400
Durable goods industries total
do
922,313 1,021,514
49,058
Stone, clay, and glass products
do....
44,005
Primary metals
do
117,904
107,031
Blast furnaces steel mills
do
48,189
47,320
Fabricated metal products
do
120,570
113,975
Machinery, except electrical
do....
178,267
180,612
Electrical machinery
do ...
156,016
141,056
Transportation equipment
do
195,054 240,496
Motor vehicles and parts
do
151,870
112,177
Instruments and related products
do
50,016
48,873
Nondurable goods industries,
total
do
988,004 1,025,886
Food and kindred products
do.... 277,324 286,605
Tobacco products
do
15,462
14,455
Textile mill products
do....
52,219
47,217
Paper and allied products
do....
85,135
78,989
Chemical and allied products
do....
190,230
172,803
Petroleum and coal products
do.... 206,430
191,551
Rubber and plastics products
do....
50,320
50,163
Shipments (seas adj ) total
do
By industry group:
Durable goods industries total #
do
Stone clay and glass products r
do
Primary metals
do
Blast furnaces steel mills
do
Fabricated metal products
...do
*
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
do
Motor vehicles and parts
do....
Instruments and related
products
do
Nondurable goods industries total # 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
See footnotes at end of tables.
516,614
521,655
509,324
513,621
525,177
509,171
259,569
170,219
89,350
132,777
61,048
71,729
116,825
74,806
511,453 514,336
259,873 260,426
170,656 171,571
88,855
89,217
134,622 135,843
62,441 63,447
72,396
72,181
116,958 118,067
74,791 75,811
518,062
260,884
171,549
89,335
137,977
63,749
74,228
119,201
76,408
527,216 532,766
264,074 267,379
173,203 175,751
90,871 91,628
142,731 143,910
66,946
66,513
76,218 76,964
120,411 121,477
76,910 78,188
534,333
542,347
545,727
541,060 545,912
270,392 274,593
177,993 180,578
92,399 94,015
146,883 146,951
68,277
69,010
77,873 78,674
123,785 124,368
78,438 78,817
544,853
547,096
552,617 '559,828
546,834 551,366
277,481 280,019
182,452 184,559
95,460
95,029
145,359 145,120
66,141
66,896
78,463 78,979
123,994 126,227
81,191
79,696
556,519
283,525
187,142
96,383
146,318
66,602
79,716
126,676
81,971
573,422
'560,617 565,324
'285,372 286,585
'188,915 190,564
'96,457 96,021
'147,040 148,904
'67,458 68,485
'79,582 80,419
'128,205 129,835
'83,243 84,640
42,019
42,167
42,256
42,793
43,501
43,289
45,347
45,551
44,298
45,036
44,705
'44,962
45,195
257.3
135.8
66.8
54.7
258.1
135.9
67.5
54.7
259.0
135.9
67.9
55.2
260.2
135.9
68.8
55.5
263.2
136.9
70.3
56.0
265.1
138.2
70.7
56.2
268.0
138.9
71.8
57.3
270.0
140.5
71.8
57.7
270.0
141.6
71.1
57.2
272.1
142.6
71.3
58.2
274.3
144.0
'71.5
58.8
'276.1
'144.9
'7L8
'59.4
278.3
145.3
72.9
60.1
1.33
1.46
1.91
.57
.86
.48
1.01
.40
.17
.44
1.32
1.80
1.07
1.12
1.68
1.32
1.44
1.85
.55
.83
.46
1.01
.40
.17
.44
1.32
1.80
1.07
1.13
1.66
1.30
1.40
1.78
.54
.80
.44
.99
.40
.16
.43
1.33
1.79
1.08
1.10
1.64
1.29
1.41
1.80
.54
.81
.45
1.00
.41
.16
.43
1.29
1.72
1.07
1.08
1.60
1.32
1.43
1.80
.54
.81
.44
1.02
.42
.17
.44
1.35
1.89
1.11
1.11
1.63
1.33
1.42
1.81
.55
.82
.44
1.00
.40
.16
.44
1.39
1.90
1.12
1.11
1.61
1.33
1.44
1.86
.55
.85
.45
1.01
.40
.16
.44
1.37
1.84
1.11
1.11
1.59
1.32
1.45
1.84
.55
.84
.45
1.03
.41
.16
.45
1.36
1.80
1.12
1.08
1.54
1.32
1.46
1.84
.55
.85
.45
1.04
.41
.17
.46
1.33
1.73
1.11
1.08
1.53
1.34
1.47
1.88
.56
.86
.45
1.03
.41
.16
.46
1.35
1.77
1.13
1.11
1.60
i.35
1.48
1.85
.56
.85
.45
1.06
.41
.17
.48
1.37
1.81
1.14
1.13
1.62
1.37
1.50
1.91
.57
.88
.46
1.06
'.41
.16
.48
1.36
'1.82
1.12
1.14
1.65
1.38
1.51
1.91
.57
.88
.46
1.06
.42
.17
.48
1.37
1.78
1.15
1.16
1.65
.70
.72
.70
.69
.72
.71
.74
.71
.71
.72
:72
.73
.74
1.53
1.77
1.32
1.34
1.52
1.74
1.32
1.34
1.49
1.69
1.31
1.32
1.48
1.71
1.29
1.30
1.51
1.72
1.33
1.34
1.52
1.72
1.36
1.33
1.52
1.74
1.34
1.34
1.50
1.74
1.32
1.30
1.50
1.75
1.30
1.29
1.52
1.77.
1.33
1.32
1.53
1.76
1.34
1.34
1.55
1.80
1.33
1.37
1.56
1.80
1.36
1.36
182,791
92,735
4,531
10,659
4,300
11,224
15,606
14,066
21,948
14,988
4,444
179,712
91,572
4,289
10,542
4,382
10,522
15,534
14,059
22,551
14,885
4,415
179,624
92,344
3,734
10,932
4,476
10,006
17,546
14,330
22,014
13,222
4,674
169,717
85,815
3,758
10,526
4,300
9,891
14,429
13,129
21,819
15,372
4,041
186,655
96,948
4,328
11,457
4,789
11,121
16,717
14,435
24,529
16,865
4,333
197,619
103,730
4,511
12,404
5,211
11,589
18,506
15,791
25,649
17,636
4,851
188,667
97,967
4,578
11,772
5,012
11,181
16,685
14,637
24,167
16,363
4,634
191,416
99,968
4,719
11,756
5,097
11,426
17,644
14,970
24,465
16,717
4,710
201,941
106,969
4,923
12,215
5,264
12,017
19,529
16,510
25,824
17,058
5,122
175,607
88,455
4,526
10,321
4,436
10,531
15,588
13,668
20,091
12,855
4,386
188,646 '199,222 195,887
96,864 '103,634 103,684
5,066
'4,931
4,981
11,183 '10,793 11,117
4,646
'4,510
4,663
12,163
11,612 '11,959
17,841
16,249 '19,204
15,457
14,975 '16,681
22,401 '23,915 25,765
17,492
14,927 '15,242
4,811
'5,170
4,668
90,056
24,694
1,341
4,807
7,462
16,290
16,295
4,574
177,324
88,140
24,050
1,410
4,474
7,275
16,078
16,084
4,300
180,875
87,280
24,344
1,771
4,496
7,135
16,706
16,412
4,095
186,352
83,902
22,701
1,035
4,202
7,459
16,485
15,582
3,985
184,406
89,707
24,300
1,241
4,771
8,024
17,486
15,825
4,340
185,005
93,889
25,454
1,500
5,186
8,149
18,703
16,842
4,494
188,479
90,700 .
24,339
1,286
4,694
7,917
18,308
16,579
4,475
187,332
91,448 94,972
24,545 25,408
1,641
1,420
4,995
4,762
8,546
8,076
19,045
18,493
17,044
16;534
4,682
4,411
189,376 190,401
87,152
23,700
1,291
3,856
7,706
16,487
16,471
4,194
190,658
91,782 '95,588
24,418 '25,963
1,571
1,494
4,730
'4,936
'8,170
8,167
17,359 '18,207
16,469 '17,328
'4,561
4,445
192,006 '190,151
89,181
4,226
10,631
4,406
10,681
15,588
13,594
20,609
13,513
92,311
4,346
11,164
4,641
10,766
15,912
13,966
22,039
14,395
96,351
4,250
11,964
4,796
10,889
16,444
14,579
23,531
15,602
95,283
4,462
10,783
4,335
10,904
16,327
14,327
24,223
16,761
96,297
4,634
10,973
4,565
11,083
16,481
14,216
24,257
16,540
96,990
4,458
11,571
4,751
10,977
17,029
15,127
23,215
15,890
95,697
4,486
11,191
4,719
10,930
16,768
14,606
22,845
15,175
97,944
4,612
11,342
5,032
11,219
17,704
15,006
23,196
15,558
99,042
4,495
11,488
4,906
11,145
17,821
15,435
23,627
15,324
98,390
4,575
11,364
4,913
11,459
17,292
15,223
23,576
15,722
101,035
4,719
11,608
4,848
11,555
17,307
15,422
25,496
17,358
'98,943
'4,525
'10,576
'4,532
'11,438
'18,418
'15,731
'23,339
'14,970
99,855
4,730
11,105
4,770
11,577
17,835
14,972
24,294
15,845
4,305
88,143
23,904
1,295
4,615
7,354
17,145
16,218
4,308
4,304
88,564
23,765
1,423
4,482
7,542
17,209
16,074
4,499
4,568
90,001
24,502
1,618
4,806
7,701
17,329
16,093
4,567
4,490
89,123
24,542
1,137
4,770
7,743
17,088
15,699
4,264
4,426
88,708
23,998
1,349
4,787
7,797
17,159
15,751
4,320
4,590
91,489
24,750
1,614
4,710
7,778
17,262
17,314
4,438
4,734
91,635
25,143
1,321
4,737
7,784 ^
17,643
17,168
4,330
4,809
91,432
24,944
1,414
4,687
8,026
17,559
16,507
4,400
4,774
91,359
24,409
1,566
4,595
8,189
17,901
16,541
4,352
4,883
92,268
25,202
1,295
4,520
8,201
18,172
16,537
4,407
4,746
90,971
24,255
1,444
4,588
7,995
18,048
16,362
4,304
'4,838
'91,208
'24,329
1,470
'4,623
'7,955
'17,446
'17,227
'4,403
4,662
90,187
24,427
1,335
4,501
8,097
17,517
16,238
4,215
92,203
25,246
1,379
4,685
8,212
16,742
16,337
4,473
190,042
Nov.
S-4
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
Annual
,. .
December 1984
1984
1983
i
unus
1982
1983
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS t —Continued
Shipments (seas, adj.) — Continued
By market category:
Home goods and apparel
mil $
Consumer staples
do
Equipment and defense products,
excluding auto
do
Automotive equipment
do
Construction materials and
supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
do
Capital goods industries
do
Nondefense
do
Defense
do
Inventories, end of year or month:
Book value (unadjusted) total
do
Durable goods industries total
do
Nondurable goods industries,
total
do
Book value (seasonally adjusted),
total
do
By industry group:
Durable goods industries,
total #
do
Stone, clay, and glass
products
do
Primary metals
do
Blast furnaces, steel mills
do....
Fabricated metal products
do
Machinery except electrical
do
Electrical machinery
do....
Transportation equipment
do
Motor
vehicles
and
parts
do
Instruments and related
products
do
By stage of fabrication:
Materials and supplies
do
Work in process
do
Finished goods
do
Nondurable goods industries,
total #
do
Food and kindred products
do
Tobacco products
do ....
Textile mill products
do
Paper and allied products
do
Chemicals and allied
products
do
Petroleum
and
coal
products
do
Rubber
and plastics
products
..
do
By stage of fabrication:
Materials and supplies
do
Work in process
do
Finished goods
do
By market category:
Home goods and apparel
do
Consumer staples
do
Equip, and defense prod.,
exc. auto
do
Automotive equipment
f....do ....
Construction materials and
supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
do
Capital goods industries
do
Nondefense
do
Defense
do
New orders, net (not seas, adj.),
total
do
Durable goods industries, total
do...
New orders net (seas adj ^ total
By industry group:
Durable goods industries total
Primary metals
Blast furnaces steel mills
Nonferrous and other primary metals
Machinery except electrical
Electrical machinery
Transportation equipment
Aircraft missiles and parts
Nondurable goods industries,
total
Industries
with
unfilled
orders x
Industries without unfilled
orders 0
By market category:
Home goods and apparel ~
Consumer staples
Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and
supplies
Other materials and supplies
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
See footnotes at end of tables.
12601
31 952
12850
32 151
12878
33 349
13289
32856
13070
32 477
13 124
33 699
12680
33 741
13204
33 786
13202
33 798
13 116
34 295
12877
33 658
r
!2
r
12813
33781
290 770 '297016
25 125
' 130 758 ' 174 193 15412
26281
16294
27441
17775
25971
18818
26409
18'594\
27 193
17996
26809
17 192
27830
17673
28829
17404
27841
17719
28244
19267
r
29 795
16 885
28611
17,749
1
135 945
'854213
'157 168
' 890 530
13748
78486
13 943
79356
13919
80990
13959
79*513
14 643
79812
14 177
82290
14 283
82627
14331
v82 552
14 444
82724
14 542
83 145
14887
83073
14
858
r
82 394
15067
82,021
;
57 753
' 327 990
271 305
1 56 ggs
' 64 777
5702
' 337 497 28749
'272339
23 109
' 65 158 5 640
5828
29825
24 138
5 687
5,855
31 123
25445
5 678
5989
29810
24092
5718
5930
30010
24 158
5 852
6043
30967
25236
5731
5934
30784
24799
5985
6,299
31 643
25894
5749
6,506
32869
26 892
5 977
6424
31852
25859
5 993
6,264
32177
26048
6 129
r
6,214
r
33 875
r
27,739
'6 136
6,508
32710
26,438
6272
258 831 259 223
169 331 169 575
257 601
169 023
260 807
170 750
265 548
174 288
268 783
176 910
272 650
179 644
276 642
182 319
277 528
183 014
279 512
184 547
282 950 r283 371
187 320 187 726
285 614
189 555
'1 130 888 '145 185
367 743 ' 383 308
1
1
736
33 483
261 987
172 615
257 601
169 023
89372
88578
89 500
89 648
88578
90 057
91 260
91 873
93 006
94323
94 514
94 965
95 645
96059
264 599
260 426
259 569
259 873
260 426
260 884
264 074
267 379
270 392
274 593
277 481
280 019
283 525 r285 372
286 585
175 009
171 571
170 219
170 656
171 571
171 549
173 203
175 751
177 993
180 578
182 452
184 559 187 142 188 915
190,564
5923
21,409
10,666
17 723
40 099
26,595
40446
5677
19,228
9,122
17 819
367H
28,154
40528
5694
19,668
9,371
17 352
37 042
27,347
39809
5688
19700
9,402
17 666
37 032
27,516
39646
5,677
19,228
9,122
17 819
36711
28,154
40528
5,600
19,009
8,893
17 765
36922
28,127
40716
5596
19,434
9,139
17 892
37089
28,471
41 206
5,687
19,886
9,329
18 034
37 444
28,909
42082
5730
20,313
9,444
18 167
37873
29,201
42756
5,782
20,934
9,778
18 231
38155
29,732
43757
5,860
21,150
9,902
18 547
38519
30,174
44219
5,878
21,158
9,957
18 394
39 060
30,824
45093
5,923
21,302
10,024
18326
40070
31,397
45895
5,959
r
21,397
10,051
18
785
r
39 926
'31,852
r
46731
5,907
20,991
9,763
18879
40503
32,573
47,242
8315
9460
8729
8919
9460
9617
9751
9934
9974
10 178
10281
10565
10523
10 684
10951
9237
9014
8949
9023
9,014
8,828
9020
9087
9146
9,294
9,358
9483
9,526
9,466
9,587
52475
77724
44,810
51640
77372
42559
50909
76788
42522
51 174
76582
42900
51640
77372
42,559
51910
77058
42581
52228
78 173
42802
52866
79926
42,959
53072
81465
43456
53967
82658
43,953
54420
83863
44,169
55339
84765
44,455
56089
86,034
45,019
r
56,578
r
86,916
r
56,562
87,898
46,104
21 582
'3,573
'7,349
r
9599
96,021
21 109
3,637
7,338
9643
22,695
22,526
95 630
r
r
45,421
89590
20678
4,407
6183
8 563
88855
20797
3,931
6899
8729
89350
20783
4,120
6966
8 640
89217
20 680
4,050
6954
8 755
88855
20797
3,931
6899
8 729
89335
20996
3,870
6951
8 829
90871
21 354
3,831
6960
8 898
91 628
21 629
3,771
7066
8 914
92399
21 511
3,683
7097
9 036
94015
22203
3,645
7203
9 123
95029
22071
3,566
7301
9 203
95460
22039
3,501
7367
9 353
96,383
22285
3,470
7400
9425
r
96,457
r
19878
19582
19649
19 700
19582
19 509
19840
20357
20585
20810
21 617
21758
22 118
r
9389
8232
8680
8462
8232
8165
8739
8319
8947
9,050
8,892
8,858
8,889
r
5813
5673
5724
5723
5673
5684
5797
5900
5786
5992
6185
6251
6,329
'6,186
6,139
35074
14309
40207
36066
14485
38304
35682
14647
39 021
35558
14841
38 818
36066
14485
38304
36486
14656
38 193
37063
14*739
39 069
36956
14759
39913
36931
14862
40606
37642
15,022
41351
37495
15,160
42374
37618
15,038
42804
37,643
15,239
43501
r
37,733
14,974
'43,750
37,488
15,208
43,325
20 179
33259
20 946
32 143
20 650
32 128
20 683
32 223
20 946
32143
21 283
32 497
21 365
32 865
21 695
33 173
22 023
33257
22261
33773
22405
33839
22655
34089
22738
34,506
r
22,927
r
34,448
23,134
34,148
76422
10,468
73257
11,626
73223
10,772
73045
11,031
73257
11,626
73445
11,720
74025
11,945
74849
12,167
76020
12,163
77,061
12,479
77,863
12,621
79,224
12,889
81,117
12,936
'81,778
13,088
83,302
13,412
18886
105 385
19 134
103 320
19 217
103 579
19 275
103 616
19 134
103 320
19 047
102 892
19 199
104 675
19 298
106*197
19 539
107 390
19579
109 440
19663
111 090
19717
111 445
19657 19,755
112 571 113 376
19,848
112741
9879
86 197
70259
15938
10093
83 191
65432
17759
9906
83 070
65712
17 358
9860
82 631
65268
17 363
10093
83 191
65432
17759
10144
83278
65466
17 812
10 161
83839
65622
18217
10391
85207
66670
18 537
10623
86342
67417
18925
10,668
87746
68,254
19492
10,801
88778
68,789
19989
10,971
90369
69,593
20776
r
93,187
r
70,981
r
11,275
22,206
11,476
94,551
71,904
22,647
1 888 668 2 081 200 189 532
901,550 1,053,671
99,529
987 118 1 027 529 90 003
1 1 888 668 ' 2 081 200 182 911
183 563
95,606
87 957
186 606
184 379
97,124
87 255
188 374
178284
94,005
84 279
188 671
194 643
104,611
90 032
191 336
207 903
114,091
93 812
196 477
190 601
99,921
90 680
189 715
193 010
101,659
91 351
193 680
199 212
104,411
94 801
190 620
177 480
90,211
87 269
194 037
187,247 197,613
95,892 102,182
91 355 r95 431
192 578 189817
192,460
100,639
91821
185 076
97 991
12147
4999
98 444
11,809
4836
99 439
11622
4848
102 345
11442
4773
105 183
11657
4988
98 317
11877
4782
102 256
10,653
4357
99 171
10,155
3877
101 704
1U83
4576
102 015
11,245
4,714
5138
10 591
17073
15055
22,551
7672
5935
10 736
16115
14 801
25,717
8308
5,683
10779
16,415
15369
25,167
8477
5,361
10 986
17 159
15658
24,931
6423
5,316
11 411
17215
16 143
26,702
7487
5,309
10 931
18303
16892
28,444
11263
5,770
10 889
16873
14 716
24,523
8001
5,046
11 573
18,797
17535
23,776
6393
4,913
11 084
18,512
15988
24,055
7044
5,203
11 024
18',149
16267
25,267
8259
do
'987 118 ' 1 027 529 88 135
88615
89930
89232
88991
91 294
91398
91424
91449
do
' 202,344
'222,706
19 177
19470
19,712
20,035
20,141
19,658
19899
20,547 '
20,798
do
1
784 774
' 804 823
68958
69 145
70,218
69,197
68850
71636
71499
70,877
do
do
do ...
do
1
130 197
1 367 750
'288,324
1
129 645
'145 891
' 383 242
'310,882
' 176 620
12 529
31 934
27,967
15814
12 877
32 176
30,009
16615
13 024
33330
27,589
18060
13 591
32839
27,558
19042
13 440
32500
30,335
18791
12 802
33637
33,469
17871
12 590
33 731
27,319
17400
do
do
1
131 667
'841 085
' 156 572
' 907 993
13737
80 930
13864
81 065
13824
82 547
13937
81 704
14773
81 497
14283
84 082
do
do
do
do
1
57 162
'323565
' 248 166
'75399
' 65 384
5645
'354,712
32065
' 273 162 25499
' 81 550 6566
5826
33684
24680
9004
5980
32,493
24893
7600
6299
31701
25093
6608
6249
34307
27018
7289
5707
38399
26860
11 539
do
do
do
do
1
901 550
1
101 010
1
' 1 053 671 94 776
' 123 394 11273
43 539
'51282
4962
do
'48,201
1
106 790
do
'162913
1
do
147 579
do . . . 1 200,596
1
67 743
do
'59,618
'119 455
' 180'874
' 165 573
'254,004
' 81 899
11,084
92358
71,095
21263
8,819
9,001
r
98 676
10,281
r
4,074
95214
10,535
4,622
5,197
12034
17,549
16403
25,096
6,962
'4,937
11 878
18,049
16792
'22,113
'6,720
4,762
11769
16,783
14337
21,830
5,173
92333
90563
'91 141
89862
20,873
20,362
'20,531
20,591
70,651
71,460
70,201
'70,610
69,271
13 440
33806
31,044
17561
13 057
33785
30,612
17282
13 159
34271
29,857
17694
12896
33691
30,375
18945
12741
'33 479
'30,050
16,422
12544
33818
27,151
17,319
14267
84 408
14429
83 400
14435
81 449
14384
84672
15144
81 527
'14,858
'82 267
15,342
78902
5832
32 133
25885
6248
6544
34,637
28958
5679
6394
35,019
28029
6990
6452
34863
27648
7215
6310
34,083
26499
7584
'6,250
'34,421
'27 835
'6586
6,320
29,827
25250
4,577
Nov.
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-5
SURVEY OF CURRENT BUSINESS
December 1984
,, .,
1984
1983
Annual
unils
1982
1983
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS tt_Continued
Unfilled orders, end of period (unadjusted),
total
mil $
Durable goods industries, total
1
do....
Nondurable goods industries with
unfilled orders :j."
do
Unfilled orders, end of period (seasonally
adjusted) total . .
mil $
By industry group:
Durable goods industries total #
do
Primary metals.
do
Blast furnaces, steel mills
do
Nonferrous and other primary metals
do
Fabricated metal products
do
Machinery except electrical
do
Electrical machinery
do
Transportation equipment
do
Aircraft,
missiles, and
parts .
do
Nondurable goods industries with
unfilled orders $
do
By market category:
Home goods and apparel *
do....
Consumer staples *
do
Equip, and defense prod., excl.
auto * ....„
do
Automotive equipment *
do
Construction materials and
supplies
do
Other materials and supplies
do....
Supplementary series:
Household durables
do....
Capital goods industries
do
Nondefense
do
Defense
do
BUSINESS INCORPORATIONS @
New incorporations (50 States and Dist. Col.):
Unadjusted
number
Seasonally adjusted
do
INDUSTRIAL AND COMMERCIAL
FAILURES @
Failures, total
number
Commercial service
do
Construction
do '
Manufacturing and mining
do
Retail trade
do ....
Wholesale trade
do
Liabilities (current), total
thous $
Commercial service
do....
Construction
do
Manufacturing and mining
.
do
Retail trade
do ....
Wholesale trade
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns ..
294 147
285,266
327 947
317,423
319 340
308,608
8881
10524
10732
358 317
347,289
355 590
344,731
357 473
346,493
356 071 r354 460
345,519 '344,063
351 032
341,018
327 947
317,423
336 515
325,614
10549
10524
10901
11 225
11 148
11 125
11 028
10859
10,980
10,397
10,014
330 122
348 717
351 099
355 398
355 625
358 990
359 564 r359,232
354,263
323 191
312,642
344 503
333,278
354 789
343,641
356 717
345,592
10,552
296 147
330 122
322 369
328 099
334 385
340 725
287 014
15145
6843
319 303
20817
10094
311 530
19989
9696
317 209
20971
10053
319 303
20817
10094
323 457
21 656
10607
329 512
22127
10816
337 702
22213
11 053
340 320
22899
11 116
344 631
22210
10442
344 765
20877
9413
348 065
20696
9076
782
349 048 r348
20333 r20038
r
8,484
8,942
344,136
19,466
8,336
6 155
21 646
55759
60333
121 203
8195
20534
58 363
69996
134 467
7848
20674
58 189
68371
129 153
8460
20644
58 392
69206
132 831
8 195
20534
58 363
69996
134 467
8392
20 616
59 195
71325
135 174
8533
20942
59 930
73 254
137 621
8275
20896
61 205
75020
142 845
8765
20854
61 309
75129
144 527
8706
21 208
62 400
77662
145 107
8269
21 146
63095
78214
145 534
8298
20709
63949
79254
147 224
r
8270
8120
21 187 rr21 629
64 191 r63 821
80239 81 300
146 824 145 599
7,956
21,822
62769
80,664
143,135
93037
103 890
99487
101 605
103 890
104 419
105 846
111 450
113 463
113 849
114 309
116 329
116810 116774
115 108
9 133
10819
10839
10890
10819
10928
11 213
11015
10779
10767
10860
10925
10,516
10,450
10,127
3,477
799
4,234
728
4,061
722
4,088
747
4,234
728
4,537
711
4,909
735
4,589
672
4,499
663
4,733
682
4,590
670
4,631
646
4,650
679
'4,656
r
675
4,385
713
183 056
5246
196 656
7618
192 781
7 012
196 509
7333
196 656
7618
198 240
7842
202 168
8039
208 444
7913
208 951
8121
212 164
8 010
213 950
7888
215 960
7863
218 093 r218,346
r
7077
7 540
216,883
6648
12866
90,703
12 276
108,610
12450
105,343
12371
107,051
12,276
108,610
12254
110,801
12,385
112,489
12489
114,277
12471
116,394
12570
117,239
12,561
115,966
12,403
117,487
12,660 12,661
115,942 115,817
12,936
112,698
3,057
219 762
123 108
96654
3,715
236 703
123 942
112761
3,592
231 474
123 952
107 522
3,590
235 333
124 494
110 839
3,715
236 703
123 942
112761
4,026
238 591
124 941
113 650
4,346
242 889
127 802
115087
4,012
250 319
129 425
120 894
3,911
251 670
130 512
121 158
4,154
254 663
133 575
121 088
4,043
256 817
134,717
122 100
4,069
259 820
136,501
123 319
r
3,962
4,152
4,115
261 729 r262 274 259,391
136,955 137,051 135,863
124 774 125 223 123,528
566 942
600 400
49331
50 441
47924
51 642
51969
51 557
52885
53 044
51 501
53 591
57003
53 424
54257
53 933
54338
51 166
24908
3840
4872
3683
9,730
2783
(2)
1,449,594
1 374 319
5 509 902
4,479,445
2 797 532
;
88.4
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS t
Prices received, all farm products
1910-14 = 100..
Crops #
do
Commercial vegetables
do
Cotton
do
Feed grains and hay..
do
Food grains
do
Fruit
do
Tobacco
do
Livestock and products #
do
Dairy products
do
Meat animals
...do....
Poultry and eggs .
do
Prices paid:
Production items
do ....
All commodities and services, interest, taxes,
and wage rates (parity index)
1910-14 = 100..
Parity ratio §
do.
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
ALL ITEMS, WAGE EARNERS AND
CLERICAL WORKERS, REVISED
(CPI-W)
1967-100
ALL ITEMS, ALL URBAN CONSUMERS
(CPI-U) 0
. 1967-100..
Special group indexes:
All items less shelter
do
All items less food Q
do....
All items less medical care 0
do....
See footnotes at end of tables.
609
525
631
469
378
401
648
1 501
696
831
876
252
614
551
650
534
453
407
464
1 429
679
830
831
269
613
577
665
541
476
412
426
1 517
649
844
758
284
616
579
654
564
476
405
432
1 557
653
850
742
317
639
590
713
568
476
398
494
1 532
689
838
807
335
660
599
815
529
479
399
479
1469
724
832
853
373
658
592
843
555
473
391
473
1457
726
820
869
364
663
601
771
595
483
399
481
1 448
727
807
890
339
665
605
677
575
498
412
497
1 444
725
801
881
353
659
621
608
622
505
413
595
1444
699
795
863
303
658
627
589
587
500
392
751
1444
689
783
860
286
657
615
603
576
482
375
767
1444
699
789
873 /
294
655
623
707
567
460
390
912
1,521
687
801
855
273
634
589
640
545
434
390
906
1,635
680
832
826
280
632
r
596
r
690
r
545
r
409
r
390
1,066
1,605
r
667
r
856
799
267
r
626
567
548
557
403
390
902
1,635
686
863
820
289
865
884
885
891
895
901
903
910
912
909
907
901
897
892
886
886
1,076
57
1,105
56
1,110
55
1,116
55
1,119
57
1,128
59
1,132
58
1,138
58
1,141
58
1,140
58
1,139
58
1,136
58
1,134
58
1,132
56
1,129
56
1,130
55
2886
2974
301 3
3014
3015
3027
3033
3033"
304 1
3054
306.2
307.5
310.3
312.1
312.2
311.9
2891
2984
3026
303.1
303.5
305.2
306.6
307.3
308.8
309.7
310.7
311.7
313.0
314.5
315.3
315.3
2733
288.4
286.8
2835
298.3
295.1
2875
303.2
299.3
287.8
303.9
299.7
288.1
304.0
300.0
289.8
304.8
301.6
291.4
305.9
302.9
291.9
306.8
303.6
293.2
308.6
305.1
294.0
310.0
306.0
294.9
311.0
306.9
295.6
312.0
307.9
296.7
313.2
309.2
298.1
315.2
310.7
298.7
316.1
311.4
298.6
316.2
311.3
S-6
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
., ..
Linus
1982
December 1984
1983
Annual
Nov.
Oct.
1983
1984
Dec.
Jan.
Mar.
Feb.
Apr.
Sept.
Aug.
July
June
May
Nov.
Oct.
COMMODITY PRICES—Continued
CONSUMER PRICES— Continued
(U.S. Department of Labor Indexes)— Continued
Not Seasonally Adjusted
Ml items (CPI-U)— Continued .
Commodities (>.
1967 — 100
Nondurables
do
Nondurables less food
do
Durables <)
do
Commodities less food 0
do....
Services 0
. do
Food #
do
Food at home
do
Housing 0
do
'Shelter #<} •
do
Rent, residential
do
Homeowners' cost *....
Dec 1982 — 100
Fuel and utilities #
1967 = 100..
Fuel oil, coal, and bottled
gas
do
Gas (piped) and electricity
do
Household furnishings and operation Q
do
Apparel and upkeep
do
Transportation
do
Private
.
do
New cars
do
Used cars
do
Public....
do
Medical care
do
Seasonally Adjusted i
All items, percent change from
previous month () ..
Commodities <>
1967-100
Commodities less food ()
do
Food
do
Food at home .
do
Apparel and upkeep
do
Transportation ..
do
Private
do
New cars
... do
Services Q
do
PRODUCER PRICES §
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
All commodities
1967 — 100
By stage of processing:
Crude materials for further
processing
do
Intermediate materials, supplies, etc
.
do
Finished goods #
do
Finished consumer goods
do
Capital equipment
. do
By durability of product:
Durable goods
do
Nondurable goods
do
Total manufactures ..
do
Durable manufactures
do....
Nondurable manufactures
do
Farm products, processed foods and
feeds
do
Farm products
do
Foods and feeds, processed
do
Industrial commodities
do
Chemicals and allied products
do
Fuels and related prod., and
power
do
Furniture and household durables
do....
Hides, skins, and leather products
do....
Lumber and wood products
do
Machinery and equipment
do....
Metals and metal products
do
Nonmetallic mineral products
do ...
Pulp, paper, and allied products
do....
Rubber and plastics products
do ...
Textile products and apparel
do
Transportation equip #.
.Dec 1968 — 100
Motor vehicles and equip
1967 = 100 .
Seasonally Adjusted 't
Finished goods, percent change from previous
month
By stage of processing:
Crude materials for further processing
1967-100
Intermediate materials, supplies, etc
do...
Finished goods # ..
.
do
Finished consumer goods
do
Foods
do
Finished goods, exc foods
do
Durable
do
Nondurable
do
Capital equipment
do
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices
.
1967 — $! 00
Consumer prices <^
do
See footnotes at end of tables.
350.8
271 5
2790
2663
2530
259.0
3449
2917
2822
323.1
3448
2369
1025
370.3
2750
2817
2702
2587
263.6
3502
2929
2823
3268
3498
2404
1039
374.4
2752
281 1
2695
2610
264.1
3510
2925
2814
3270
351 1
2413
1043
371.3
2755
281 2
2685
261 8
263.8
3516
2939
2830
3274
351 8
2420
1045
370.6
2768
2832
2674
2614
263.0
3539
2994
2902
3292
3532
2429
1049
376.0
278 3
2853
269 1
2609
263.8
3553
302 1
2936
3310
3540
2436
1051
383.0
278 7
2855
2693
2622
264.4
3565
3022
2931
321.5
3555
2448
1056
380.1
280 1
2863
2707
2652
266.5
358 1
3023
2928
333.2
3578
2464
1062
380.9
280 4
2861
271 1
2670
267.4
3599
301 4
2907
334.6
3589
2472
1065
385.5
280 6
2860
2705
2678
267.4
3619
3020
2914
336.2
3602
2484
1068
390.0
2806
2860
2695
2678
266.8
3645
303.2
2925
338.1
3627
2497
1076
393.9
2814
287 1
2700
2678
267.1
366.5
304.8
2944
339.5
3646
251 1
1081
395.5
2823
2880
2723
2687
268.8
368.9
304.2
2934
341.4
3665
2524
1087
397.0
283 1
2888
2736
269.3
269.8
369.7
304.4
2934
341.2
367.8
253.8
109.1
392.4
283.0
288.5
273.3
270.0
269.9
369.9
304.1
292.4
340.9
368.9
254.8
109.4
387.5
6679
3938
6280
4287
6247
4356
6239
4282
6239
4275
6428
4273
6886
4290
6600
4295
6507
4323
6492
441 4
6460
4506
6374
459 1
6255
4639
6221
4664
626.8
456.0
626.9
444.7
233 2
191.8
2915
2875
1976
2964
3460
3287
2385
196.5
2984
2939
202.6
329.7
3626
3573
2394
200.7
3050
3004
2043
350.4
3682
3629
2399
200.7
3063
3017
206.2
356.1
3703
3649
2405
199.3
3063
3018
207.0
357.6
3690
3662
2404
196.4
3060
3009
207.2
357.3
3782
3695
2404
196.2
3058
3008
207.2
357.2
3774
3732
2412
198.8
3069
3019
207.2
362.2
3774
374.5
2423
199.2
3096
3048
207.4
370.0
3780
3757
2424
198.9
3122
307.4
207.6
378.0
3807
3768
2423
197.4
313 1
3081
207.7
382.0
3852
3780
2419
196.6
3129
3075
208.1
383.2
3893
380.3
2422
200.1
3129
307.5
208.1
383.8
3908
381.9
244 1
204.2
3137
308.4
208.2
384.2
389.5
383.1
2443
205.7
315.5
310.2
209.6
384.6
391.1
385.5
244.2
205.2
316.1
310.8
211.4
383.6
391.8
387.5
4
2745
262.8
293.5
2828
1982
3044
3000
205.5
3495
4
2751
263.4
294.1
2830
1985
3055
3011
205.3
3514
2
2758
263.7
295.4
2844
1985
3061
3017
205.7
3524
6
2777
263.9
300.2
291 2
1990
3067
301.7
205.6
354 1
4
2786
264.3
302.2
2937
1985
3066
3017
206.4
3556
2
279.1
265.1
301.8
2927
1986
3094
304.6
207.4
3567
5
280.1
266.7
301.7
2922
1985
311 2
306.6
207.6
3586
2
280.1
267.2
300.9
2903
1986
3127
307.9
207.2
3599
2
279.9
266.6
301.3
2905
198 1
312 1
3070
207.3
3615
3
279.8
266.0
302.2
291 2
1990
311 1
305.7
208.3
3640
5
280.6
266.3
304.1
2934
2008
3112
305.7
209.4
3662
.4
.4
282.6
281.5
268.9
267.7
304.9
303.8
293.8
2926
202 1 —203.2
314.9
3127
309.6
307.4
210.9
210.5
368.7
3677
.2
283.0
269.0
305.6
294.1
203.0
315.2
309.9
210.3
370.0
2638
2736
2616
241 1
250.9
3333
2857
2792
3147
3370
2240
2993
303 1
3060
3055
306 1
3080
3089
3110
3113
311 5
3113
r
3119
3109
309.5
3195
3236
3248
3240
3275
3335
3326
3388
3394
338.0
333.0
r
334.1
329.3
3104
2807
2810
2794
3123
2852
2846
2872
3156
2876
2870
2899
3155
2868
2859
2900
3157
2872
2863
2904
3163
2895
2889
2916
3176
2906
290 1
2923
3197
2914
291 1
2923
3203
2912
2903
2945
3209
291 1
2903
293.9
321 6
2909
2901
293.9
3217
r
2923
r
2916
r
294.6
321 1
2918
290.8
295.1
2790
315 3
2927
279.8
306.4
2867
3157
2957
287.3
304.4
2892
319 1
2985
289.6
3077
2893
318 1
2984
289.8
3074
290 1
3184
2988
290.5
3075
2910
321 2
3000
291.3
3091
2922
321 9
301 2
292.4
3104
2932
3248
3028
293.3
3127
2942
3247
3032
294.3
3125
2938
3253
3038
293.9
314.1
293.8
3249
3039
294.0
314.2
r
293.8
r
3260
r
3043
r
294.2
r
2489
2424
251 5
3123
2923
2539
2482
2559
3157
2930
2575
2552
2578
3185
2955
2560
251 0
2576
3183
2964
2579
2540
2590
3184
2977
2644
2634
2638
319 1
298 1
2634
2616
2634
3206
2965
2679
2674
267 1
3219
300 1
2673
265.4
2672
3226
3020
2658
260.8
267.5
3232
302.7
2628
257.1
264.8
3238
302.2
693 2
206.9
262.6
2847
278.8
301 6
320.2
288.7
241.4
2046
2497
251.3
664 7
214.0
271.1
307 1
286.4
3072
325.2
298.1
243.2
2051
2567
256.8
6695
215.3
273.7
3056
287.6
3109
328.0
302.2
244.4
2070
2606
260.6
663 7
215.7
277.0
3049
288.0
3109
328.9
303.6
243.6
2077
2605
260.5
6580
215.7
277.3
3087
288.8
3119
328.9
304.0
243.8
2078
2607
260.6
652 1
216.8
279.1
3091
289.7
3129
330.1
309.1
244.8
2082
261 5
261.1
656 0
217.2
283.3
3157
290.2
3148
332.2
312.0
246.2
2096
2622
261.2
6587
217.4
286.7
3168
291.0
3168
333.4
314.0
246.4
2099
2624
261.5
6547
218.2
286.8
3151
292.2
3179
335.8
316.3
247.3
2099
r
2627
261.9
6606
219.1
288.5
3085
292.6
3174
337.6
317.7
247.5
2105
2625
261.5
6659
219.1
290.1
307 1
293.1
3173
338.3
318.4
247.6
2102
2622
261.1
1
2
6
4
4
o
1
0
3292
316.2
287 1
2866
2648
2928
2330
3381
2886
3304
316.6
2869
2863
2639
2929
2338
3375
2890
3336
317.1
2874
2867
2658
2924
2340
3365
2898
3360
317.0
289 1
2887
2728
2920
2340
3357
2905
3309
317.6
2902
2898
2745
2927
2352
3361
2917
337 1
319.3
2914
2910
2764
2936
2373
3360
2925
3369
319.5
2914
2906
2744
2940
2372
3367
2943
3338
320.3
291 1
2903
271 4
2950
2368
3389
2939
348
330
349
330
348
329
345
328
344
326
343
325
343
324
344
323
356
346
351
335
330.9
321.6
291 1
2902
2703
2955
237 1
3395
2942
344
322
309.4
310.4
326.7
320.0
323.7
3203
289.8
288.9
292.9
319.9
291.6
290.3
296.0
320.5
292.3
291.2
296.3
293.9
3240
303.4
294.5
312.7
292.5
3226
302.1
293.0
311.7
294.2
321.0
303.0
294.8
311.5
294.8
322.3
303.9
295.5
312.5
r
2649
r
258.'7
r
261.6
253.2
265.2
323.5
301.4
259.6
249.7
264.0
322.3
301.4
255.8
240.1
263.3
323.2
301.0
258.4
245.5
264.4
323.8
301.6
r
6650
r
6607
218.9
290.2
304.5
294.2
315.8
340.0
320.0
247.6
2105
2631
261.8
6548
218.9
290.3
303.4
294.5
315.3
340.4
321.2
247.9
2106
257.4
254.6
654.5
219.0
288.9
300.2
295.0
315.4
339.6
322.6
248.1
209.6
264.8
263.3
655.3
219.6
283.2
301.1
295.7
316.2
339.5
323.8
247.7
210.0
265.2
263.6
o
-.2
-.2
2949
327.2
320.5
2919
2907
2737
2945
2381
3369
2962
327.0
320.1
2914
2900
2725
2940
2377
336.2
2963
324.0
320.5
2909
289.9
2727
2938
2355
3377
2946
330.4
321.6
292.4
291.6
2745
295.3
236.7
339.8
295.3
342
321
343
319
345
318
343
317
342
.317
314.8
267.3
r
3239
302.6
219.2
'288.9
r
3044
r
294.0
r
316 1
r
339.8
r
319.8
247.5
r
2105
r
2625
r
261.4
r
3
r
331.0
321.0
r
2919
r
2910
r
2738
r
2948
2373
r
3382
r
r
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-7
SURVEY OF CURRENT BUSINESS
December 1984
Annual
.. . s
1982
1984
1983
1983
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
24 332
20 362
11035
8 068
26 962
22 348
12052
8 965
28204
22 951
12400
9 413
28107
22610
12308
9 668
Sept.
Oct.
r
28 686
22 688
11,980
r
9588
29216
23458
12,192
9608
r
6,854
1299
r
4504
7,151
1328
4,733
695
5945
1,673
162
166
228
2174
r
612
5 998
1,689
167
189
266
r
2,058
5,759
1,622
154
165
205
2,142
r
r
r
r
3105
253.2
131.3
1035
315.8
258.0
134.0
1053
Aug.
Nov.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted) total
mil $
Private, total #
do
Residential
do
New housing units
do
Nonresidential buildings, except farm and
public utilities, total #
mil $
Industrial .
do
Commercial
do
Public utilities:
Telephone and telegraph
do
Public, total #
do
Buildings (excl. military) #
do....
Housing and redevelopment ...
do
Industrial
do
Military facilities
do
Highways and streets
do
New construction (seasonally adjusted at
annual rates), total
bil $
Private, total #
do
Residential
do
New housing units
do
Nonresidential buildings, except farm and
public utilities, total #
bil $
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph .
do
Public, total #
do
Buildings (excl. military) #
do
Housing and redevelopment
do
Industrial
do
Military facilities
.. do
Highways and streets
do
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F.W. Dodge
Division, McGraw-Hill):
Valuation total
mil $
Index (mo. data seas, adj.)
1977 = 100 ..
Public ownership
mil $
Private ownership
do
By type of building:
Nonresidential
do
Residential
do
Non-building construction
do....
New construction planning
(Engineering News-Record) §
do....
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
thous..
Privately owned
do
One-family structures
do....
Seasonally adjusted at annual rates: t
Total privately owned
do
One-family structures... .
do
New private housing units authorized by building
permits (16,000 permit-issuing places): £
Monthly data are seas. adj. at annual rates:
Total
thous
One-family structures
do
Manufacturers' shipments of mobile homes @
Unadjusted
,
thous ..
Seasonally adjusted at annual
rates
do
CONSTRUCTION COST INDEXES
Dept. of Commerce composite
1977 = 100..
American Appraisal Co., The:
Average, 30 cities....
1913-100
Atlanta
do
New York
do....
San Francisco
do
St Louis
.
do
Boeckh indexes:
Average, 20 cities:
Apartments,
hotels,
office
buildings
..
1977 — 100
Commercial and factory buildings
do
Residences
do
Engineering News-Record:
Building
1967 — 100
1
Construction
do
Federal Highway Adm. — Highway construction:
Composite (avg for year or qtr )
1977 — 100
See footnotes at end of tables.
21 126
17 489
8527
7 335
19 419
16 277
8435
6735
20237
17 068
8860
6 696
22 925
19 338
10 437
7 725
r
29 001
23 056
12
340
r
9 852
230 068
179 090
74810
51 916
262 168
211 370
111 729
86 102
24 521
19 806
10873
8 690
23 683
19 229
10 114
8*457
65,134
17 343
37284
60309
12861
35793
5387
946
3342
5440
997
3374
5093
1 030
3095
4957
961
3010
5130
1 010
3 141
5661
1 132
3476
5947
1 077
3 804
6554
1 224
4 179
6664
1267
4263
6,494
1 181
4240
7 110
50978
16,997
1 658
1 632
2205
13428
6471
50798
17,276
1700
1809
2544
14225
593
4715
1,455
153
143
194
1671
611
4 454
1,417
138
146
270
1299
671
3637
1,322
136
136
235
804
391
3 142
1,255
109
121
196
578
464
3 169
1,236
121
136
178
602
531
3587
1,312
128
138
253
718
530
3970
1,346
111
155
219
994
593
4 614
1,476
134
155
227
1429
637
5253
1,640
153
176
217
1745
616
5497
1,571
132
154
218
2018
2679
2192
1186
94 2
2670
2174
1135
949
2639
2133
1097
950
2809
2300
1219
969
3004
248 1
1374
102 3
3097
2550
141 1
102 4
3086
2541
1366
1027
316 4
2612
1384
1064
3153
2578
1364
105 0
311 0
2548
1353
1050
600
104
374
618
116
381
614
122
374
66.7
129
41 1
690
140
421
728
14 4
453
743
136
47 4
787
152
497
763
14 1
489
74.7
136
483
r
76.0
145
r
495
r
77.7
148
r
508
79.1
145
52.5
66
488
168
18
19
26
144
68
496
162
16
19
31
14 1
81
506
164
16
17
29
147
59
509
17.1
14
15
2.6
142
64
523
170
16
18
25
150
63
548
170
15
16
29
162
68
545
17 1
14
18
28
16 8
68
552
177
17
18
26
169
72
575
190
18
20
27
168
73
562
177
16
18
24
172
75
565
180
18
20
26
170
72
57.4
18.1
19
1.8
2.7
174
57.8
18.5
18
2.1
2.7
17.4
r
6,794
1 321
4406
r
3110
2545
1338
1049
r
r
r
156 240
'112
41256
114 984
192 751
'138
45308
147 442
16 028
137
r
3790
12 238
15365
145
3307
12058
13422
134
3 138
10284
13751
150
2700
11051
14 155
150
3790
10 365
17 577
144
3860
13 716
17 425
145
3716
13 710
22326
165
5608
16719
20005
148
4828
15177
19523
152
4784
14738
19580
151
4483
15097
16 755
144
4,122
12633
18388
146
4,618
13771
59594
59210
37,436
61905
93201
37,645
r
5587
r
8223
2,218
5511
7575
2,280
4741
6482
2,200
5300
6600
1,851
4249
6 800
3,106
5849
8806
2,921
5405
9330
2,690
7212
10799
4,315
6746
9859
3,400
6,896
9093
3,534
6,766
9364
3,449
5,750
8 090
2,914
7,402
8,340
2,646
149,206
162,576
12,744
16,795
24,714
12,685
17,259
16,851
13,619
14,955
12,211
13,515
15,079
12,739
16,168
26,851
1,072.0
10622
662.6
1,712.4
1 7030
1,067.6
159.9
1593
91.9
136.4
1360
81.9
108.5
1083
61.0
109.2
1091
67.7
130.4
1300
81.0
138.1
1375
87.8
173.0
1727
106.4
182.1
1807
115.2
184.4
1840
111.0
163.1
162 1
97.9
147.8
147.4
91.9
149.5
148.5
r
90.5
153.1
152.7
r
92.9
12L5
75.2
1730
1 074
1694
1 021
1980
1 301
2262
1 463
1662
1 071
2015
1 196
1794
1 131
1877
1084
1,754
990
1,554
932
1,683
1,016
1,538
r
974
1,528
966
1,570
817
r
1672
«*. 1 017
1000
546
1605
902
1 650
905
1649
919
1602
913
1799
989
1902
1 083
1727
974
1758
957
1745
913
1768
916
1 565
823
1 506
803
1,440
841
1,418
r
794
239.6
295.6
26.8
23.5
18.7
20.0
22.2
25.5
25.8
28.9
27.7
24.5
30.0
24.3
27.7
308
313
310
314
293
287
287
295
301
301
303
277
301
158.4
157.6
158.3
159.3
163.1
163.7
154.1
157.1
159.6
160.8
163.4
163.6
162.7
162.9
163.0
\
1500
151 9
1475
159 6
159 9
1562
3306
3561
3529
3786
146 8
146 5
1649
164 1
1627
1633
162 6
1588
3576
3842
3583
3848
356 1
3826
149 7
3555
3825
3562
3829
357 1
3834
149 3
3585
384 1f
3581
3856
3578
387.3
152 1
3579
387.9
168.3
1676
167.8
168.1
1675
167.5
1678
1673
1664
1664
166 1
1633
165 1
164 6
1628
3593
388.1
359.7
388.7
1544
358.7
387.4
2
358.3
2
387.1
S-8
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
I T ..
unu
1982
December 1984
1984
1983
Annual
1983
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
CONSTRUCTION AND REAL ESTATE—Continued
REAL ESTATE 0
Mortgage applications for new home construction:
2
7.88.0
FHA net applications
thous. units..
8.2
11.1
11.4
12.9
9.7
10.3
9.6
11.2
11.9
176.1
110.8
84
94
94
Seasonally adjusted annual rates
do....
116
139
136
128
134
139
148
146
(2)
152
Requests for VA appraisals
do
126
148
178
243
15 0
195
21 2
16 5
17 9
17 3
262 8
155 0
164
143
167
Seasonally adjusted annual rates
do
193
263
214
260
201
251
204
205
Home mortgages insured or guaranteed by:
Fed. Hous. Adm • Face amount .
mil $ 8 087 07 26 571 82 2 190 42 2 674 40 1 580 28 1 169 61 1 516 84 2 431 43 1 184 70 1 229 58 1,401 64 1,11660 1,220.14
997.60
Vet. Adm.: Face amount §
do.... 5,428.27 17,896.60 1,934.18 1,598.29 1,447.58 1,543.78 1,449.02 1,201.61 1,113.53 1,080.92 1,059.60 1,131.31
Federal Home Loan Banks, outstanding advances
to member institutions, end of
70,523
66,900
65,859
61627
59,424
57397
period
mil $
57608
57 171
57712
58560
58953
66004
58953
New mortgage loans of all savings and loan
associations estimated total
mil $
14 483 10 276 10 394 13 630 13 697 15 896 17 576 14 706 14,363
11 175
11 070
54298 135 290
By purpose of loan:
r
r
r
r
r
r
2,339
2,132
Home construction
do
2,734
2759
2,374
1,793
2,333
1909
2760
2162
2155
11765
26096
r
r
r
r
r
r
r
6,757
6882
7586
5547
6933
'5018
3711
3963
5229
4516
Home purchase
do
4 810
53982
21 779
r
'5,267
5,692
'7,256
'6,204
'5,817
'4,520
All other purposes
do....
'6,238
'4J74
6,494
4,497
55,212
20,754
4,105
7.4
92
13.8
188
9.7
115
16.7
185
9.8
134
997.56
775.49
824.38
861.28
595.22
667.57
73,509
73,005
73,201
11,428
11,073
1,892
r
4,819
'4,717
1,836
4,864
4,373
DOMESTIC TRADE
ADVERTISING
Magazine advertising (Publishers Advertising
Report, Inc.): I
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
Houshold equip., supplies, furnishings
do
Industrial materials
...do. .
Soaps, cleansers, etc
do....
Smoking materials
do
All other
do
Newspaper advertising expenditures (Newspaper
Advertising Bureau, Inc.):
Total *
mil $
Classified
do
Retail
360.5
10.4
41.8
5.0
41.6
333.8
7.9
37.0
6.2
33.0
303.1
24.7
23.9
3.0
36.9
404.5
35.6
21.4
8.3
45.8
504.7
24.8
43.3
6.5
46.0
26.0
20.5
26.3
19.0
29.1
20.0
27.4
17.4
20.3
^12.6
26.8
14.8
38.7
22.3
13.9
3.2
3.6
33.7
167.3
21.7
5.1
2.9
37.6
185.9
22.6
4.1
2.6
37.5
193.2
16.4
3.8
1.8
33.6
158.1
11.9
3.0
2.5
38.3
149.0
9.5
2.7
2.6
33.2
132.9
14.8
4.9
4.4
33.0
193.7
24.8
5.6
4.0
42.5
246.3
1,723
562
237
924
1,863
619
240
1,003
2,102
681
272
1,150
2,051
660
274
1,116
1,908
669
246
993
103,878
43,165
60,713
103,183
44,848
58,335
115,399
50,634
64,765
108,662
.48,774
59,888
120,765
53,133
67,632
115,692
52,943
62,749
110,345
49,908
60,437
115,117 107,592
53,034 '49,488
62,083 '58,104
119,656
55,685
63,971
119,421
75,432
43,989
119,818
75,185
44,633
121,319
76,295
45,024
122,637
78,266
44,371
124,008
78,752
45,256
123,235
79,369
43,866
122,912
80,652
42,260
123,786
81,272
42,514
124,642 127,439
82,217 '83,826
42,425 '43,613
130,756
,84,386
46,370
103,865
34,002
125,759
38,188
93,089
31,170
93,686
32,931
104,294
36,667
104,344
37,277
111,312
40,765
111,980
41,202
106,553
38,497
110,650 103,932 108,870 113,217
39,046 '35,695 '38,883 ' 38,238
5,557
19,219
5,103
19,036
4,863
18,910
4,141
18,792
4,329
20,607
5,070
22,801
5,735
22,853
6,704
24,698
6,695
24,812
6,391
22,993
4,428
67,065
12,063
21,780
8,836
4,617
10,113
3,168
1,603
100,923
33,882
4,899
69,863
14,755
21,501
8,569
5,169
9,494
3,251
1,689
101,896
34,641
6,207
87,571
23,492
24,304
8,917
7,910
9,724
4,428
2,470
102,438
35,532
4,279
61,919
8,853
21,110
8,340
3,765
9,210
3,249
1,481
106,602
37,127
4,129
60,755
9,150
20,845
7,948
3,630
9,232
3,231
1,404
105,482
36,909
4,594
67,627
11,174
22,985
8,579
4,413
10,207
3,383
1,529
103,873
35,306
4,407
67,067
11,766
21,936
8,615
4,857
10,248
3,412
1,495
107,505
37,436
4,663
70,547
12,848
23,375
9,121
4,846
10,677
3.500
1,616
108,237
37,912
4,926
70,778
12,805
23,767
9,173
4,811
10,962
3.454
1,721
109,322
38,687
4,701
68,056
11,243
23,376
9,106
4,296
11,159
3,366
1,734
107,442
37,452
5,102
5,188
5,293
5,494
5,630
5,523
5,702
5,796
5,823
5,808
5,793
'5,720
'5,597
3,681
805
19,620
3,751
826
20,286
3,826
843
21,164
4,042
874
22,033
4,215
830
21,983
4,098
814
20,505
4,205
839
22,071
4,280
836
22,419
4,227
872
22,976
4,227
861
22,016
4,191
892
21,179
'4,204
'874
'21,277
4,089
846
'22,534
'22,760
17,780
18,388
19,201
20,041
20,060
18,650
20,166
20,501
21,011
20,081
19,296
19,376
'20,645
'20,891
3,939.1
206.2
404.5
52.3
383.6
448.9
24.2
47.7
4.4
38.5
447.0
22.0
46.5
4.3
37.3
368.2
16.9
40.1
2.1
29.4
265.2
7.4
33.0
3.3
27.7
325.1
17.4
34.9
2.6
34.1
374.2
26.1
41.1
5.1
35.7
425.1
26.6
49.5
8.8
40.6
263.8
257.6
292.3
242.6
34.6
25.6
38.5
30.0
26.2
37.2
18.4
8.6
23.7
13.6
26.2
16.4
147.4
50.9
26.6
358.6
1,452.0
175.7
43.7
25.3
397.8
1,714.9
22.0
5.7
3.6
33.3
209.4
24.9
6.0
2.8
31.9
202.8
16.3
4.3
1.7
31.2
163.1
7.8
2.5
2.1
32.0
122.4
8.0
3.4
1.7
25.3
160.4
17,694
4,852
2,452
10,390
20,582
6,006
2,734
11,841
2,074
625
282
1,166
2,016
516
273
1,227
1,872
440
206
1,226
1,628
543
233
852
106,051
46,300
59,751
105,762
45,620
60,142
107,361
45,621
61,740
117,778
74,582
43,196
118,566
74,417
44,149
100,658
33,593
do
WHOLESALE TRADE t
Merchant wholesalers sales (unadj.),
total
mil $ 1,137,175 1 183 790
Durable goods establishments
do
467,107 504,810
Nondurable goods establishments
do.... 670,068 678,980
Merchant wholesalers inventories, book value,
end of period (unadj.), total
mil $
116,765 119,421
Durable goods establishments
do
75,633
75,432
Nondurable goods establishments
do....
41,132
43,989
RETAIL TRADE i
All retail stores:
Estimated sales (unadj ) total
mil $ 1,074,561 1,173,966
Durable goods stores #
do
324,489 385,141
Building materials, hardware, garden
supply, and mobile home dealers mil. $..
51,301
59,873
Automotive dealers
do
182,607 221,687
Furniture, home furnishings,
and equipment
do....
46,106
51,774
Nondurable goods stores. . . .
do
750,072 788,825
General merch. group stores
do..
132,581 142,997
Food stores
.
do
249,257 259,441
Gasoline service stations
do.
103,547 103,121
Apparel and accessory stores
do
51,387
54,005
Eating and drinking places
do.... 104,715 115,710
Drug and proprietary stores
do....
35,967
38,766
Liquor stores
do
19,394
19,690
Estimated sales (seas, adj.), total
do....
Durable goods stores #
do
Bldg. materials, hardware, garden supply, and mobile home dealers # .. mil. $
Building materials and
supply stores
do
Hardware stores
do
Automotive dealers
do
Motor vehicle and miscellaneous
auto dealers
..
do
Auto and home supply
stores
do
Furniture, home furnishings,
and equipment #
...do
Furniture, home furnishings stores
do
Household
appliance,
radio TV
do
See footnotes at end of tables
419.5
17.0
44.7
11.5
44.9
3,428.9
155.7
333.5
52.2
330.6
6,428
22,825
'6,051
'20,134
'6,163
'22,680
1
1
5,695
21,143
' 5,466
'5,104
'4,953
5,042
71,604 '68,237 '69,987 11 74,979
16,372
12,935
12,202
12,790
1
23,507
23,789 '22,773 '22,828
'
8,707
'8,786
'8,635
9,091
'5,588
'4,859
4,970
'4,789
11,605 10,633 10,409 10,107
' 3,563
3,499
'3,334
'3,486
1,618
1,739
1,602
106,606 108,240 108,395 '110,349
36,781 '37,046 '38,427 '39,094
1,840
1,898
1,963
1,992
1,923
1,855
1,905
1,918
1,965
1,935
1,883
1,901
1,889
4,476
4,510
4,629
4,791
4,644
4,660
4,873
4,806
4,951
4,822
4,886
'5,123
'5,062
2,715
2,684
2,737
2,829
2,707
2,723
2,902
2,854
2,918
2,857
2,877
'2,954
2,936
1,444
1,500
1,557
1,622
1,592
1,593
1,610
1,589
1,665
1,609
1,674
1,830
1,787
'5,811
'5,089
S-9
SURVEY OF CURRENT BUSINESS
December 1984
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
,, ..
1984
1983
Annual
vnns
1982
1983
Nov.
Oct.
Dec.
]
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
r
Nov.
Oct.
DOMESTIC TRADE—Continued
RETAIL TRADE *— Continued
All retail stores— Continued
Estimated sales (seas, adj.)— Continued
Nondurable goods stores
mil $
General merch. group stores
do....
Department stores
do
Variety stores . .
do
Food stores
do
Grocery stores
do. .
Gasoline service stations
do
Apparel and accessory stores #
do
Men's and boys' clothing ....
do
Women's clothing, specialty stores,
and furriers
. . .
do
Shoe stores
do
Eating and drinking places
do ..
Drug and proprietary stores
do
Liquor stores
..
do
Estimated inventories, end of period:
Durable goods stores #
do
Bldg. materials, hardware, garden supAutomotive dealers
Furniture, home furnishings,
and equipment
do
do
General
merch.
group
stores
do
Department stores
do
Food stores
do
Apparel and
accessory
stores. .
do
Book value (seas adj ) total
do
Durable goods stores #
do
Bldg. materials, hardware, garden supply and mobile home dealers
do
Automotive dealers
do
Furniture, home furn.,
and equip
do
Nondurable goods stores $•
do
General merch group stores
do
Department stores
.
do
Food stores
do
Apparel and
accessory
stores
do
Firms with 11 or more stores:
Estimated sales (unadjusted),
total
mil $
Durable goods stores
do
Auto and home supply
stores
do
Nondurable goods stores #
do
General merchandise group
stores . .
do
Food stores
do
Grocery stores
do
Apparel and accessory stores
do
Eating places
do
Drug stores and proprietary
stores
do
Estimated sales(sea adj ) total # '
do
Auto and home supply stores
do
Variety stores
67 041
12,112
9893
778
21,992
20,669
8731
4570
679
1831
788
9,924
3297
1 661
1 H
t
Women's clothing, specialty stores,
and furriers
Shoe stores
Drug stores and proprietary
stores
1895
793
9983
3311
1 682
66906
12,330
10 042
786
21 754
20,410
8759
4665
685
1888
788
9714
3258
1 699
71,194
13,354
10,972
r
834
r
23,449
r
22,064
r
8,635
r
4,989
r
694
69475
12,835
10 546
836
22468
21 189
8751
4704
698
68573
12,786
10 489
830
22266
20958
8667
4747
678
68567
12,374
10 152
792
22,444
21,086
8835
4794
702
70069
12,838
10546
801
22,908
21,497
8863
4988
748
70325
12,988
10661
808
22,839
21,445
9022
5,032
764
70635
13,320
10955
836
22,984
21,614
8736
5117
730
69990
12,784
10519
797
23,177
21,835
8526
4891
688
69825
12,906
10609
786
22,817
21,452
8,568
4,771
674
1901
814
10268
3434
1689
1 955
807
10281
3405
1583
1 950
809
10,156
3400
1608
2026
795
10,289
3525
1,637
2,042
,808
10,217
3490
1,631
2127
832
10,351
3507
1694
1997
801
10,488
3521
1,722
1910
804
10,676
3531
1,697
2,038
r
827
10,549
r
3,624
1,674
143 798 145
025
66,094 r64,965
149 021
65,945
r
122 163
56 176
132 302
62820
140 005
61 577
143 866
63968
132 302
62'820
132 916
63218
138 310
65990
142 913
67432
145 689
69 110
145 850
69,077
144 413
67782
9470
25458
10327
29643
10 288
27 130
10279
28810
10327
29643
10 433
30200
10 923
31969
11 250
32,552
11 701
33,343
11 673
33,058
11 404
31939
11 163
30,441
11 154
28,947
11096
29,372
9297
65987
10 132
69 482
10442
78 428
10713
79 898
10 132
69 482
10017
69698
10230
72320
10288
75 481
10549
76 579
10704
76773
11072
76 631
10936
77 704
11 110
r
80 060
11,236
83076
22561
16 747
14 350
24467
18290
14 501
30664
22752
14 770
31552
23685
15079
24467
18290
14 501
24609
18437
14293
26498
19880
14275
28450
21,537
14540
29493
22,374
14604
29722
22,653
14630
29477
22,324
14865
30230
22,882
14575
r
31,763
24,030
14564
33,690
25,556
14713
10555
125 384
56748
10715
135 843
63447
12562
132 777
61048
12525
134 622
62441
10,715
135 843
63447
10744
137 977
63749
11384
142 731
66*513
12,154
143 910
66946
12,321
146 883
69010
12,191
146 951
68277
12,024
145 359
66896
12,497 12,952
145 120 146318
r
66141 66,602
13,332
147 041
67,445
9824
25181
10 713
29350
10 424
27979
10 425
28810
10713
29350
10800
29695
10956
31842
10933
31976
11327
33276
11311
32220
11 169
30889
11 174
30,110
11 176
30,567
11,219
31,314
9448
68636
24906
18403
14 180
10 286
72396
27060
20 143
14 329
10 031
71 729
26641
19767
14 396
10 281
72 181
27237
20244
14 416
10286
72396
27060
20 143
14 329
10337
74228
27605
20623
14 466
10449
76218
29015
21798
14 404
10381
76964
29405
22226
14 482
10656
77873
29993
22623
14633
10769
78674
30425
23,092
14763
11072
78463
30220
22,943
14955
11069
78979
30658
23,397
14857
11 077
r
79 716
r
31,317
23,910
14953
11,059
79,596
31,402
23,974
14832
11029
11 208
11 307
11 233
11 208
11716
12098
12389
12,611
12,673
12,525
12,752
12,624
12,460
389 715
28212
415 631
32795
35 122
2808
38 368
3079
51 970
4 467
30 668
2317
30 871
2366
35 399
2775
35 196
2885
37 582
3249
37 426
3250
35 132
3 119
r
37 680
r
3,154
36085
3,012
4059
361 503
4 416
382 836
395
32314
396
35289
414
47503
316
28351
311
28505
368
32624
381
32,311
421
34,333
427
34,176
410
32,013
r
416
34,526
384
33,073
119 467
135 499
133 587
20 143
22 138
129 045
141 353
139 424
22 237
24 354
10857
11 746
11 595
1 890
2 147
13366
11 803
11 648
2 193
2053
21353
13 571
13276
3 560
2 099
7952
11 584
11439
1 429
1*971
8253
11 486
11 331
1 440
2 030
10124
12685
12532
1 866
2263
10617
11833
11 662
2 081
2221
11,645
12602
12,449
2023
2292
11,601
12684
12533
2036
2305
10,117
12341
12,192
1776
2368
11,577
12,692
12,541
r
2168
r
2,449
11,056
12,224
12,078
2,070
2,272
19410
21 582
1 747
35 319
378
9 467
609
11 772
1 880
1 844
35 648
382
9 589
622
11 874
1 935
2 717
35 456
385
9 628
614
11 544
1 996
1 781
37 047
381
10 099
650
12 143
2 050
1 785
36 803
386
10 061
651
12 093
2035
1 883
36 233
378
9 705
612
11 992
2 051
1 921
2001
37528
37 183
376
398
10 095
10223
'624 "" 640
12 301
12 289
2056
2106
907
436
896
428
902
419
do
A
67255
12,317
10026
804
21 978
20,642
8673
4676
696
H
do
do
805
412
do...
1,866
837
414
1,893
895
413
1,813
1,930
1,938
1,910
912
400
1,989
1916
1 973
37571 37 131
387
396
10072
10498
609
648
12 121
12353
2064
2 170
964
435
921
421
1,997
r
69,968
13,044
10,770
793
r
23,123
'21,723
r
8,605
r
4,830
692
1
71,255
13,384
1
10,984
1
23,685
'22,282
1
8,777
1
5,016
1,978
787
10,296
r
3,583
' 1,685
1
10,572
3,595
1
1 993 1890
'37 063 38,094
392
390
10535
10 r158
654
612
12477
12 129
r
2005
2,166
858
419
954
422
2,036
2,075
887
423
r
r
2,026
2,004
177,974
117,083
1,690
176,284
115,393
106,812
8,582
178,138
117,896
1,698
176,440
116,198
107,484
8,714
178,295
116,788
1,712
176,583
115,076
106,694
8,382
178,483
115,563
1,720
176,763
113,843
105,792
8,051
178,661
115,955
1,705
176,956
114,250
106,262
C
7,989
178,834
115,814
1,699
177,135
114,115
106,246
7,869
LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE AND POPULATION
Not Seasonally Adjusted
Total noninstitutional population, persons 16
years of age and over *
thous..
Labor force total @
do
Resident armed forces *
do....
Civilian noninstitutional population *
do....
Civilian labor force total
.
do
Employed
:
do....
Unemployed
. .
do
Seasonally Adjusted 0
Civilian labor force total
do
Participation rate t
percent..
Employed, total
thous ..
Employment-population ratio t percent ..
Agriculture
^
. thous
Nonagriculture
do...
Unemployed total
do
Long term, 15 weeks and
over
do
See footnotes at end of tables.
464-378 O -
85 - S
173,939
111 872
1,668
172,271
110 204
99,526
10678
175,891
113 226
1,676
174,215
111,550
100,834
10717
64.0
64.0
57.8
3401
96,125
57.9
3383
97,450
3485
4210
176,474
113737
1,695
174,779
112,042
102,659
9,383
176,636
113832
1,685
174,951
112,147
103,018
9,129
176,809
113,483
1,688
175,121
111,795
102,803
8,992
177,219
112,711
1,686
175,533
111,025
101,270
9,755
177,363
113,052
1,684
175,679
111,368
101,961
9,407
177,510
113,514 '
1,686
175,824
111,828
102,770
9,057
177,662
113,845
1,693
175,969
112,152
103,628
8,525
177,813
114,941
1,690
176,123
113,251
105,096
8,154
111 866
64.0
101,970
58.3
3,240
98,730
9896
112035
64.0
102,606
58.6
3,257
99,349
9429
112 136
64.0
102,941
58.8
3,356
99,585
9 195
112215
63.9
103,190
58.8
3,271
99,918
9026
112,693
64.1
103,892
59.1
3,395
100,496
8801
112,912
64.2
104,140
59.2
3,281
100,859
8,772
113,245
64.4
104,402
59.3
3,393
101,009
8,843
113,803
64.6
105,288
59.8
3,389
101,899
8,514
113,877
64.6
105,748
60.0
3,403
102,344
8,130
113,938
64.6
105,395
59.7
3,345
102,050
8,543
113,494
64.3
104,969
59.4
3,224
101,744
8,526
113,699
64.3
105,239
59.5
3,315
101,923
8,460
114,017
64.4
105,586
59.7
3,114
102,472
8,431
114,026
64.4
105,872
59.8
3,353
102,519
8,154
3655
3527
3369
3201
2984
2,873
2,855
2,851
2,619
2,689
2,606
2,600
2,530
2,430
;
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
1982
1984
1983
Annual
., ..
December 1984
1983
Nov.
Oct.
Jan.
Dec.
Apr.
Mar.
Feb.
June
May
Nov.
Oct.
Sept.
Aug.
July
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE— Continued
Seasonally Adjusted 0
Civilian labor force — Continued
Unemployed — Continued
Rates(unemployed in each group as percent
of civilian labor force in the group):§
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
White
Black *....
Hispanic origin *
Married men spouse present.
Married women, spouse present
Women who maintain families
Industry of last job:
Private nonagricultural wage and
salary workers
Construction
Manufacturing
Durable goods
Agricultural wage and salary
workers * ..
Not Seasonally Adjusted
Occupation: *
Managerial and professional specialty
Technical, sales, and administrative
support
Service occupations
Precision production, craft, and repair....
Operators, fabricators, and laborers
Farming, forestry, and fishing
EMPLOYMENT t
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seas, variation
thous..
Private sector (excl. government)
do....
Seasonally Adjusted t
Total employees, nonagricultural
payrolls
.. .
do
Private sector (excl. government)..
do ..
Nonmanufacturing industries
do ....
Goods-producing
do
Mining
....
.
do
Construction
.
do...
Manufacturing
do....
Durable goods
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....
Electric and electronic
equip
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....
Chemicals and allied products
do....
Petroleum anoT coal products
do . . . .
Rubber and plastics products, nee
do
Leather and leather products
do....
Service-producing
do....
Transportation and public utilities
do....
Wholesale trade
do...
Retail trade . . .
.
do
Finance, insurance, and real
estate
do
Services
do
Government
do
Federal
..
do
State *
do
Local *
do
Production or nonsupervisory workers on private
nonagric payrolls not seas adjusted
thous
Manufacturing
do
Seasonally Adjusted t
Production or nonsupervisory workers on private
nonagricultural payrolls
thous
Goods-producing
do
Mining
...
do
Construction
do
Manufacturing
do..
Durable goods
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...
Electric and electronic
equip
do
Transportation equipment
do...
Instruments and related
products
do
Miscellaneous manufacturing
do...
See footnotes at end of tables.
9.7
8.8
8.3
23.2
8.6
18.9
13.8
6.5
7.4
11.7
9.6
8.9
8.1
22.4
8.4
19.5
13.8
6.5
7.0
12.2
8.8
8.2
7.5
21.6
7.7
18.3
12.4
5.7
6.3
11.4
8.4
7.8
7.2
20.2
7.3
17.7
12.3
5.5
6.0
10.5
8.2
7.4
7.1
20.1
7.1
17.8
11.6
5.2
6.1
10.9
8.0
7.3
7.1
19.4
6.9
16.7
11.2
5.0
6.0
10.7
7.8
7.0
6.9
19.3
6.7
16.2
10.2
4.9
5.9
11.0
7.8
6.8
6.9
19.9
6.7
16.6
11.3
4.7
5.8
11.0
7.8
6.9
7.0
19.4
6.7
16.8
11.5
4.7
5.8
10.5
7.5
6.5
6.8
19.0
6.4
15.8
10.5
4.5
5.8
9.8
7.1
6.3
6.4
17.6
6.1
15.0
10.0
4.5
5.6
9.6
7.5
6.5
6.9
18.3
6.4
16.9
10.6
4.6
5.9
9.6
7.5
6.4
7.1
18.4
6.4
16.0
10.7
4.4
6.0
10.5
7.4
6.5
6.7
19.3
6.4
15.1
10.7
4.6
5.8
10.0
7.4
6.3
6.9
18.8
6.4
15.4
10.9
4.6
5.8
10.5
7.2
6.3
6.6
17.5
6.1
15.0
10.0
4.4
5.3
11.0
10.1
20.0
12.3
13.3
9.9
18.4
11.2
12.1
9.0
15.8
9.6
10.2
8.6
15.6
8.9
9.0
8.3
16.3
8.3
8.3
7.9
15.0
8.4
8.0
7.8
15.1
7.5
7.3
7.6
13.3
7.5
7.8
7.7
14.3
7.7
7.5
7.2
14.8
7.1
7.0
7.0
14.8
7.2
7.2
7.4
14.7
7.5
6.7
7.5
14.0
7.5
6.9
7.4
13.8
7.6
7.0
7.3
13.5
7.4
7.0
7.2
14.2
7.2
7.0
14.7
16.0
16.2
15.7
15.6
15.5
14.0
14.6
12.2
13.9
11.8
14.6
12.8
15.0
13.8
11.3
3.3
3.3
2.7
2.7
2.6
3.0
2.7
2.4
2.2
2.5
2A
3.0
3.1
2.8
2.5
2.4
6.1
10.8
10.6
16.7
8.5
6.3
10.9
10.7
15.5
10.0
5.9
11.1
8.2
12.6
9.2
5.5
9.9
7.9
12.7
10.8
5.2
9.6
8.4
13.0
12.0
5.7
9.9
10.0
13.9
13.6
5.6
9.5
10.0
13.7
11.5
5.2
9.6
9.1
12.8
11.2
5.0
9.2
8.1
11.9
8.6
4.7
8.7
7.4
10.9
-6.8
4.9
8.4
7.0
10.5
5.9
4.8
9.2
6.7
10.8
6.0
5.0
9.3
6.0
10.5
5.8
5.0
8.9
6.2
10.2
7.4
4.8
9.1
5.9
10.6
7.9
4.6
8.8
6.6
10.7
8.4
89,566
73,729
90,138
74,287
92,049
76,081
92,406
76,294
92,645
76,560
91,065
75,209
91,612
75,477
92,234
76,030
93,229^
77,013
94,164
77,913
95,003
78,973
94,239
79,033
94,500
79,401
'95,358
'79,597
'95,894
'79,698
"96,215
"79,899
89,566
73,729
54,948
23,813
1,128
3,905
18,781
11,039
597
432
577
922
1,427
2,244
90,138
74,287
55,790
23,394
957
3,940
18,497
10,774
657
447
572
838
1,373
2,038
91,345
75,481
56,595
23,895
965
4,044
18,886
11,071
690
462
587
863
1,408
2,077
91,688
75,814
56,796
24,058
967
4,073
19,018
11,170
695
467
589
869
1,420
2,106
92,026
76,157
57,014
24,198
969
4,086
19,143
11,266
698
470
592
877
1,431
2,122
92,391
76,533
57,279
24,383
975
4,154
19,254
11,343
702
475
,595
871
1,440
2,137
92,846
76,971
57,598
24,577
978
4,226
19,373
11,440
706
480
604
877
1,447
2,151
93,058
77,185
57,719
24,595
978
4,151
19,466
11,513
712
483
606
877
1,456
2,166
93,449
77,546
58,016
24,760
984
4,246
19,530
11,551
714
482
604
879
1,459
2,189
93,786
77,864
58,294
24,851
995
4,286
19,570
11,598
711
482
605
887
1,469
2,203
94,135
78,241
58,612
24,974
1,002
4,343
19,629
11,652
712
485
605
884
1,479
2,226
94,350
78,422
58,726
25,059
1,007
4,356
19,696
11,702
708
485
606
880
1,490
2,242
94,523
78,566
58,841
25,098
1,017
4,356
19,725
11,758
706
484
603
879
1,491
2,252
r
94,807
'78,698
'59,082
'25,010
1,020
4,374
r
!9,616
'11,696
703
481
603
'865
1,485
'2,243
'95,160
'79,067
'59,386
'25,078
'1,013
'4,384
'19,681
11,748
'710
486
607
'865
1,494
'2,254
"95,453
"79,383
"59,679
"25,131
"1,013
"4,414
"19,704
"11,772
"712
"493
"610
"864
"1,495
"2,251
2,008
1,734
2,023
1,756
2,086
1,820
2,109
1,832
2,132
1,855
2,152
1,876
2,175
1,898
2,202
1,905
2,212
1,905
2,228
1,906
2,237
1,917
2,252
1,926
2.267
1,961
2,263
'1,939
'2,269
'1,945
"2,276
"1,949
715
382
7,741
1,636
68
749
695
371
7,724
1,622
68
743
702
376
7,815
1,624
68
758
705
378
7,848
1,629
66
760
707
382
7,877
1,631
67
762
711
384
7,911
1,638
66
768
715
387
7,933
1,637
65
767
718
388
7,953
1,638
66
769
719
388
7,979
1,648
67
766
722
385
7,972
1,643
67
762
723
384
7,977
1,644
67
759
727
386
7,994
1,655
66
755
726
389
7,967
1,642
65
751
'726
'388
'7,920
'1,630
'69
744
'728
'390
'7,933
'1,641
'69
'734
"732
"390
"7,932
"1,640
"70
"729
1,161
662
1,272
1,075
200
1,164
661
1,295
1,046
195
1,186
669
1,311
1,049
192
1,195
671
1,317
1,050
192
1,202
675
1,321
1,052
191
1,207
676
1,328
1,053
191
1,213
680
1,333
1,054
190
1,218
680
1,339
1,054
190
1,226
680
1,348
1,057
189
1,217
681
1,356
1,057
188
1,209
685
1,362
1,062
188
1,206
687
1,368
1,064
187
1,200
686
1,371
1,067
187
'1,181
'680
1,375
1,063
186
'1,178
685
'1,379
'1,064
'186
"1,175
"683
"1,384
"1,066
"184
697
219
65,753
5,082
5,278
15,179
718
748
208
210
66,744 , 67,450
4,958
5,053
5,259
5,322
15,545
15,737
758
210
67,630
5,043
5,344
15,805
766
210
67,828
5,055
5,371
15,857
774
210
68,008
5,095
5,406
15,914
784
210
68,269
5,105
5,438
15,980
790
209
68,463
5,112
5,457
16,030
790
208
68,689
5,129
5,473
16,095
795
206
68,935
5,144
5,492
16,166
797
204
69,161
5,163
5,502
16,245
801
205
69,291
5,175
5,528
16,283
800
198
69,425
5,202
5,544
16,295
798
'194
'69,797
'5,213
'5,588
'16,342
'804
193
'70,072
'5,225
'5,613
'16,479
"809
"192
"70,322
"5,250
"5,628
"16,596
5,341
19,036
15,837
2,739
3,639
9,458
5,467
19,665
15,851
2,752
3,659
9,439
5,512
19,962
15,864
2,760
3,667
9,437
5,530
20,034
15874
2,759
3,669
9,446
5,546
20,130
15,869
2,762
3,668
9,439
5,573
20,162
15,858
2,760
3,670
9,428
5,593
20,278
15,875
2,763
3,682
9,430
5,613
20,378
15,873
2,770
3,686
9,417
5,640
20,449
15903
2,771
3,693
9,439
5,662
20,549
15,922
2,785
3,699
9,438
5,676
20,681
15,894
2,777
3,699
9,418
5,676
20,701
15,928
2,779
3,697
9,452
5,679
20,748
15,957
2,785
3,714
9,458
5,684
'20,861
'16,109
'2,804
'3,725
'9,580
'5,708
'20,964
'16,083
2,772
'3,711
'9,600
"5,725
"21,053
"16,070
"2,780
"3,713
"9,577
59,487
12,742
60,021
12,581
61,649
13,082
61,830
13,117
62,064
13,087
60,699
13,034
60,909
13,163
61,384
13,280
62,301
13,368
63 121
13,459
64,043
13,610
64,034
13,461
64,339
13,641
'64,524
'13,715
'64,611
'13,652
"64,764
"13,570
59,487
16,561
821
2,998
12,742
7,311
488
341
60021
16,284
678
3,026
12,581
7,151
548
355
61074
16,735
685
3,122
12,928
7,421
578
368
61 371
16,881
686
3,147
13,048
7,511
583
373
61,665
16,996
690
3,161
13,145
7,585
587
376
61,948
17,155
694
3,227
13,234
7,643
589
380
62,327
17,318
696
3,296
13,326
7,718
592
384
62,443
17,297
698
3,211
13,388
7,769
599
387
62,800
17,446
707
3,296
13,443
7,799
599
387
63,060
17,507
714
3,328
13,465
7,826
596
385
63,363
17,600
720
3,388
13,492
7,860
597
387
63,494
17,654
720
3,393
13,541
7,899
594
388
63,616
17,67
729
3,384
13,558
7,94
59
38
'63,708
'17,58
730
'3,403
'13,448
7,876
589
38
'63,996
'17,628
'725
'3,410
'13,493
'7,91o
59
38
"64,283
"17,657
"725
"3,431
"13,501
"7,925
"596
"394
435
683
1,028
1,355
436
624
996
1,200
450
651
1,028
1,236
453
657
1,037
1,261
454
665
1,049
1,273
455
661
1,056
1,286
462
666
1,062
1,300
463
666
1,069
1,314
464
668
1,074
1,329
465
676
1,083
1,342
466
674
1,091
1,356
466
669
1,10
1,370
46
66
1,10
1,37
46
'65
'1,09
1,36
'46
'65
'1,10
'1,37
"469
"657
"1,107
"1,372
1,212
1,079
1,228
1,103
1,281
1,160
1,300
1,173
1,313
1,192
1,327
1,208
1,346
1,221
1,364
1,221
1,371
1,221
1,377
1,217
1,379
1,224
1,390
1,233
1,40
1,26
1,39
'1,24
'1,39
'1,23
"1,403
"1,236
397
272
399
275
398
278
40
28
'40
'28
410
276
390
267
401
280
403
282
404
282
403
283
404
28
405
28
40
28
40
28
"405
"286
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-ll
SURVEY OF CURRENT BUSINESS
December 1984
., .
i
Annual
1984
1983
units
1982
1983
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
'5,578
'1,139
"5,576
"1,135
'53
'633
"54
"628
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT ^—Continued
Seasonally Adjusted t
Production or nonsupervisory workers — Contin-
ued
Nondurable goods
thous
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....
Service-producing
do
Transportation and public utilities
do....
Wholesale trade
do
Retail trade
do
Finance, insurance, and real
estate
do
Services
do
AVERAGE HOURS PER WEEK t
Seasonally Adjusted
Avg. weekly hours per worker on private nonag.
payrolls: 0
Not seasonally adjusted
hours
Seasonally adjusted
*do
Mining ijij
do
Construction if
do
Manufacturing:
Not seasonally adjusted
..do....
Seasonally adjusted
do
Overtime hours
•
do
Durable goods
•
do
Overtime hours
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 . . . .
Electric
and
electronic
equip
do
Transportation equipment
do....
Instruments
and
related
products
do
Miscellaneous manufacturing $
do ....
Nondurable goods
do
Overtime hours
do .
Food and kindred products
do
Tobacco manufactures $
.
do
Textile mill products
do
Apparel and othelr 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 f
do
Leather and leather products
do....
Transportation and public utilities
do....
Wholesale trade
do
Retail trade
do
Finance, insurance, and real
estate ±
.
do
Services
do
AGGREGATE EMPLOYEE-HOURS t
Seasonally Adjusted
Employee-hours, wage & salary workers in nonagric. establish, for 1 week in the month,
seas adj. at annual rate
bil. hours..
Total private sector
, do
Mining
do....
Construction
.
do
Manufacturing
do
Transportation and public utilities
do ....
Wholesale trade *
.
do
Retail trade *
do
Finance, insurance, and real
estate
.
••
do
Services
do
Government
do
Indexes of employee-hours (aggregate weekly): <>
Private nonagric. payrolls, total
...1977 = 100 ..
Goods-producing .
do
Mining
do
Construction
do
Manufacturing .
.
do
Durable goods
do
Nondurable goods
do....
Service-producing
do ....
Transportation and public
utilities
do
Wholesale trade
.
do
Retail trade
do....
Finance, insurance, and real
estate
do....
Services
.
do
See footnotes at end of tables.
5,431
1,125
53
642
5,430
5,507
5,537
5,560
5,639
5,632
5,642
1,126
50
660
1,133
49
665
1,143
50
- 665
1,142
50
661
1,142
50
658
1,152
50
652
5,613
1,140
49
649
'5,572
1,124
50
658
5,619
1,133
50
666
5,644
1,119
51
656
5,591
1,134
49
666
5,608
1,118
52
641
981
494
699
598
120
984
494
710
580
117
1,004
501
720
583
115
1,012
503
725
584
114
1,018
506
727
586
113
1,023
508
732
587
112
1,028
511
734
588
112
1,031
512
737
588
111
1,039
512
744
589
111
1,033
512
748
588
111
1,021
515
752
590
110
1,018
516
757
591
110
1,013
516
757
592
110
998
r
510
'758
'590
110
'996
'509
'762
'590
'111
"993
"511
"762
"593
"111
533
183
42,926
4,190
4,246
13,612
556
173
43,737
4,073
4,220
13,951
582
176
44,339
4,158
4,274
14,112
591
176
44,490
:4,151
4,292
14,174
598
176
44,669
4,161
4,316
14,221
604
176
44,793
4,189
4,349
14,264
612
176
45,009
4,198
4,375
14,317
616
175
45,146
4,207
4,395
14,341
616
175
45,354
4,228
4,406
14,434
621
173
45,553
4,236
4,425
14,493
623
171
45,763
4,253
4,430
14,558
624
172
45,840
4,265
4,458
14,586
622
165
45,945
4,293
4,466
14,592
619
'161
'625
160
"631
"158
'46,127
'4,295
'4,502
'14,626
'46,368
'4,307
'4,529
'14,738
"46,626
"4,336
"4,541
"14,854
3,997
16,880
4,066
17,428
4,107
4,122
4,135
4,149
4,161
4,165
4,175
4,195
4,217
4,217
17,688
17,751
17,836
17,842
17,958
18,038
18,111
18,204
18,305
18,314
4,233
18,361
'4,227
'18,477
'4,241
'18,553
"4,252
"18,643
35.3
35.2
43.2
37.3
35.1
35.2
42.9
36.3
35.5
35.2
43.4
36.8
35.0
35.4
43.3
36.3
35.0
35.3
42.9
37.0
35.0
35.3
42.8
36.7
35.3
35.4
43.0
37.5
35.2
35.3
43.2
38.2
35.5
35.3
43.7
38.6
35.6
35.2
43.0
38.6
35.5
35.2
43.5
38.5
35.5
'35.4
'44.0
38.5
'35.2
35.1
'43.2
'38.0
"35.1
"35.2
"43.6
"37.4
40.8
40.6
3.3
41.3
3.5
40.0
39.8
41.8
41.7
41.4
41.3
41.2
40.6
3.4
41.3
3.5
40.0
40.1
41.9
41.8
41.4
41.5
40.6
40.9
3.5
41.6
3.7
40.6
40.0
42.1
41.9
41.6
41.8
40.7
40.9
3.5
41.7
3.8
40.4
39.9
42.5
42.0
41.8
41.9
40.7
40.7
3.5
41.4
3.7
40.1
39.6
41.9
41.8
41.3
41.9
40.9
41.1
3.7
41.8
4.0
40.4
39.7
42.3
42.2
41.8
42.3
40.6
40.6
3.3
41.3
3.5
39.6
39.7
42.1
42.1
41.4
41.9
40.8
40.6
3.3
41.2
3.5
39.4
39.1
41.8
41.7
41.3
42.0
40.3
40.5
3.3
41.2
3.5
39.3
39.8
41.9
41.5
41.3
41.8
40.4
40.5
3.3
41.2
3.4
39.4
39.1
41.7
41.0
41.1
42.0
40.7
40.6
3.3
41.5
3.5
40.2
'39.9
'42.0
41.3
41.5
42.0
40.5
'40.4
3.3
'41.2
3.5
39.6
'39.6
'41.8
'41.4
'41.3
'41.8
"40.7
"40.5
"3.4
"41.2
"3.6
"39.5
"39.8
"42.0
"41.5
"41.1
"41.5
1,131
'53
r
642
34.8
35.0
42.7
36.7
42.5
37.2
38.9
40.1
2.3
39.3
2.2
38.0
37.2
40.1
38.6
39.2
39.7
3.0
40.7
3.0
40.1
39.4
41.5
40.5
40.6
40.5
40.7
40.6
3.3
41.2
3.4
40.5
39.8
41.8
41.6
41.2
41.2
39.3
40.5
40.5
42.1
41.1
42.5
41.1
42.6
41.0
42.4
41.2
43.2
41.2
43.1
41.0
42.9
41.3
43.5
41.0
42.4
40.8
42.3
40.8
42.2
40.9
42.4
'41.2
'42.8
40.9
'42.4
"41.2
"42.3
39.8
38.4
38.4
2.5
39.4
37.8
37.5
40.4
39.1
39.4
3.0
39.5
37.4
40.5
40.7
39.8
39.7
3.1
39.6
38.4
40.8
40.7
39.8
39.8
3.1
39.6
40.1
40.6
40.8
40.0
39.7
3.2
39.5
37.8
40.7
41.3
38.9
39.9
3.3
39.7
38.1
40.6
41.2
39.6
39.9
3.3
39.7
36.4
40.8
41.1
39.6
39.8
3.3
39.8
36.9
40.6
41.4
39.5
40.2
3.4
40.1
39.5
41.2
40.7
39.3
39.6
3.1
39.7
39.6
40.0
41.3
39.2
39.6
3.2
39.8
40.5
40.0
41.3
38.9
39.4
3.1
39.5
37.5
39.8
41.1
39.1
39.5
3.1
39.7
39.2
39.4
41.5
39.6
39.4
3.0
'39.6
'39.6
39.2
'41.2
39.5
'39.3
'2.9
39.6
'40.1
'38.7
"41.6
"39.7
"39.6
"3.2
"39.8
"40.4
"39.1
34.7
41.8
37.1
40.9
43.9
36.2
42.6
37.6
41.6
43.9
36.6
43.2
37.9
41.7
43.6
36.7
43.1
37.9
41.9
43.7
36.6
43.1
37.7
41.9
44.6
36.6
43.2
37.9
42.1
44.8
36.9
43.2
37.9
42.1
44:5
36.7
43.0
37.9
42.0
44.7
37.4
43.2
38.2
42.0
43.7
36.5
43.1
38.0
41.8
43.5
36.4
42.9
37.7
41.9
43.1
35.8
43.3
37.7
41.9
43.2
36.0
43.1
37.8
42.0
43.9
'35.9
43.1
37.9
'41.8
43.1
'36.0
'43.0
37.9
'41.7
'43.5
"36.2
"43.2
"38.1
"41.7
"43.7
39.6
35.6
39.0
38.3
29.9
41.2
36.8
39.0
38.5
29.8
41.9
37.3
39.4
38.6
30.0
42.0
37.2
39.2
38.6
30.0
42.4
37.1
39.4
38.6
30.3
42.0
37.3
39.5
38.6
30.1
42.0
37.2
39.3
38.5
30.0
41.7
36.7
39.2
38.5
30.1
42.1
37.5
39.5
38.7
30.0
41.7
36.5
39.4
38.6
30.1
41.9
36.7
39.6
38.6
30.2
41.2
37.0
39.8
38.6
29.9
41.4
36.0
39.4
38.7
29.9
'41.5
'36.5
39.8
38.8
'30.0
41.4
'36.4
'39.2
38.6
29.8
"41.7
"36.4
"39.3
"38.6
"29.9
36.2
32.6
36.2
32.7
36.4
32.8
36.1
32.7
36.2
32.6
36.5
32.8
36.4
32.7
36.3
32.8
36.5
32.8
36.3
32.7
36.3
32.7
36.7
32.7
36.4
32.6
36.6
32.8
'36.4
'32.7
"36.4
"32.7
165.73
135.02
167.91
136.75
170.94
139.67
170.15
139.69
171.90
140.39
174.00
142.28
174.44
142.57
173.66
142.32
176.89
144.56
176.27
144.78
176.99
145.56
177.06
145.67
'178.39
'146.24
"177.24
"147.02
2.26
8.30
41.20
10.55
11.01
25.16
2.29
8.58
41.14
10.66
11.06
2.27
8.53
41.20
10.72
11.11
177.49
145.61
•2.27
'178.87
'146.55
2.27
8.43
41.03
10.57
11.04
2.30
8.64
25.34
25.48
25.45
'11.27
'25.48
'2.25
'8.56
41.10
'10.70
11.26
'25.51
"41.17
"10.76
"11.28
"25.81
'10.93
'36.06
'32.32
'10.83
'36.03
'32.15
"10.87
"36.17
"30.22
113.2
'99.7
'116.0
'116.2
"114.0
"100.3
"117.9
"118.5
'95.7
'95.8
'95.5
'120.7
"96.0
"95.9
"96.1
"121.5
'105.5
'116.2
'111.8
"106.5
"116.5
"113.1
'124.8
'134.2
"125.4
"134.8
2.51
7.45
38.11
10.32
10.51
23.60
2.12
7.62
38.42
'"10.12
10.53
24.09
2.16
7.71
39.51
10.40
10.67
2.16
7.79
39.65
24.59
10.30
10.72
24.54
2.17
7.74
39.71
10.38
10.75
24.94
2.23
8.37
2.20
8.40
2.19
7.86
40.52
40.69
40.69
10.42
10.86
24.82
10.38
10.87
24.82
24.94
10.40
10.89
8.58
41.26
10.68
11.56
25.29
10.08
10.30
10.55
10.54
10.68
10.67
10.75
10.82
10.77
34.22
34.47
34.66
34.80
35.62
35.57
35.60
31.52
31.72
31.87
31.35
35.40
32.33
35.42
31.16
10.41
34.14
30.46
10.59
33.55
10.45
34.18
31.27
10.47
32.43
30.72
31.50
31.43
31.40
31.80
104.2
90.6
130.7
99.8
87.0
84.4
90.8
111.7
105.8
91.4
107.3
101.9
88.6
85.4
93.3
113.7
108.3
94.6
109.6
104.1
92.1
89.9
95.3
115.9
108.7
95.6
109.7
105.5
93.0
91.0
95.9
116.0
109.4
96.2
110.4
105.7
93.7
92.0
96.2
116.7
110.3
97.9
111.5
110.3
94.9
93.4
97.0
117.2
110.9
99.2
112.1
114.1
95.7
94.4
97.5
117.4
110.9
98.1
111.7
107.7
95.7
94.5
97.4
117.9
112.0
100.1
114.7
112.6
97.0
95.8
98.8
118.6
112.0
99.5
115.5
113.7
96.0
95.0
97.4
119.0
112.7
99.9
117.1
116.4
96.0
95.1
97.2
119.7
112.6
99.9
116.2
115.3
96.1
95.5
96.9
119.7
112.7
100.1
118.0
115.6
96.2
96.0
96.5
119.7
102.2
108.1
103.6
99.4
108.0
106.0
102.4
109.7
107.8
101.7
110.1
108.3
102.4
110.7
109.7
103.4
111.6
109.3
103.1
112.0
109.4
103.1
112.5
109.9
104.4
113.3
110.3
104.3
113.5
111.1
105.2
113.7
111.9
106.1
114.4
111.0
105.7
114.9
111.1
117.1
121.9
118.9
126.0
120.8
128.3
120.6
128.4
121.0
128.6
122.0
129.4
122.1
129.9
122.2
130.9
123.1
131.4
123.1
131.7
124.0
132.4
124.7
132.5
124.2
132.4
'41.08
10.81
'113.4
100.0
'119.2
117.2
95.8
'96.0
'95.6
'120.8
'106.8
'
116.1
'111.7
'125.4
134.1
"2.28
"8.68
S-12
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
., .,
units
1982
December 1984
1984
1983
Annual
Nov.
Oct.
1983
Jan.
Dec.
Mar.
Feb.
Apr.
June
May
Aug.
July
Sept.
Oct.
Nov.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS +t
Average hourly earnings per worker: <>
Not seasonally adjusted:
Private nonagric. payrolls
dollars
Mining
do
Construction
do
Manufacturing
do
Excluding overtime
do
Durable goods
do..
Excluding overtime
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 ....
Electric and
electronic
equip
do
Transportation equipment
do
Instruments and related
products
do
Miscellaneous manufacturing
do..
Nondurable goods
do....
Excluding overtime
do....
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile
products
do
Paper and allied products
do...,
Printing and publishing
do
Chemicals and allied products
do....
Petroleum and coal products
do....
Rubber and plastics products, nee
do
Leather and leather products
do....
Transportation and public utilities
do ....
Wholesale trade
do
Retail trade
do
Finance, insurance, and real
estate
do
Services
do
Seasonally adjusted:
Private nonagricultural payrolls
dollars . .
Mining
do
Construction
do
Manufacturing
do
Transportation and public utilities
do ....
Wholesale trade *
do
Retail trade *
do
Finance, insurance, and real
estate
do
Services
do
Indexes of avg. hourly earnings, seas, adj.: <>
Private nonfarm economy:
Current dollars
1977-100
1977 dollars i
do
Mining
do
Construction .
do
Manufacturing
do
Transportation and public utilities
do ....
Wholesale trade *
do
Retail trade *
do
Finance, insurance, and real
estate
do
Services
do
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §
Common labor
$ per hr
Skilled labor
do
Railroad wages (average, class I)
do
Avg. weekly earnings per worker,
private nonfarm: £>
Current dollars seasonally adjusted
1977 dollars, seasonally adjusted $
Current dollars, not seasonally adjusted:
Private nonfarm, total
dollars
Mining . . .
do
Construction
do
Manufacturing
do
Durable goods...;
do...
Nondurable goods
do
Transportation and public
utilities
'
do
Wholesale trade
do
Retail trade
do
Finance, insurance, and real
estate
do
Services
do
EMPLOYMENT COST INDEX @
Civilian workers t
6/81-100 .
Workers, by occupational group
White-collar workers
do
Blue-collar workers
do
Service workers
do
Workers, by industry division
Manufacturing
do
Nonmanufacturing
do
Services
do.
Public administration
do...
HELP- WANTED ADVERTISING
Seasonally adjusted index
1967 — 100
See footnotes at end of tables.
768
1077
11 63
849
825
904
8.80
7.43
631
8.87
11.33
877
9.26
802
11 27
11 92
883
851
938
9.05
7.79
662
9.27
11.34
9 11
955
8 16
11 33
1206
890
854
947
9.09
7.86
671
9.38
11.28
9 18
966
8 16
11 40
11 91
897
861
953
9.14
7.79
673
9.41
11.32
924
974
8 16
11 41
1202
904
867
960
9.19
7.80
678
9.41
11.35
935
9.85
826
11 54
1208
908
872
964
9.24
7.88
676
9.42
11.38
931
985
824
11 49
11 99
906
870
963
9.23
7.88
675
9.38
11.49
931
987
824
11 60
1197
909
873
966
9.25
7.87
676
9.40
11.44
931
9.90
829
11 62
1195
9 11
875
967
9.27
7.89
676
9.51
11.51
934
991
828
11 56
11 99
9 11
876
966
9.27
7.92
680
9.54
11.49
933
990
829
11 57
11 94
9 14
877
969
9.29
8.04
684
9.58
11.46
9.33
9.93
832
11 57
1197
9 18
882
970
9.32
8.01
688
9.64
11.45
9.33
9.96
830
11 57
1201
9 14
877
968
9.28
8.05
690
9:62
11.34
9.30
9.92
8.43
11 66
1215
r
9.23
8.84
9.77
9.35
'8.15
695
''9.64
11.39
r
9.41
10.01
r
8.41
11 50
12
14
r
9.22
'8.85
r
9.75
'9.35
r
8.07
r
6.95
9.63
11.32
r
9.37
10.02
"8.44
"II 54
"1203
"9.30
"8.92
,"9.83
"9.41
"8.03
"6.96
"9.62
"11.50
"9.42
"10.09
821
11 11
865
11 66
871
11 87
877
1201
884
1204
888
1206
886
1200
888
12 12
889
1206
889
1204
891
12.14
8 '95
12.13
900
12.13
9.08
12.23
r
9.07
12.28
"9.18
"12.40
806
846
854
856
865
868
866
871
873
871
8.78
883
885
r
r
892
r
"8.89
r
8.88
642
7.74
7.49
792
979
583
680
808
7.79
820
1035
6 18
684
8 12
7.79
8 16
965
6 24
684
818
7.86
826
1077
626
6.95
8.24
7.92
836
1019
631
700
8.27
7.96
841
1077
639
697
824
7.93
837
11 13
640
6.97
8.27
7.95
839
1129
641
6.97
8.29
7.98
843
1143
643
6.99
8.30
8.00
843
1155
642
6.98
8.33
8.01
844
11.92
643
7.02
8.41
8.09
841
11.67
643
6.97
8.37
8.04
836
10.75
646
7.01
r
8.44
'8.10
r
8.37
10.31
649
7.01
'8.43
8.11
r
8.33
10.21
6.49
"7.05
"8.53
"8.20
"8.48
"11.39
"653
520
9.32
874
9.96
12.46
537
994
9 11
10.59
13.29
540
1011
923
10.79
13.38
543
1020
926
10.86
13.45
544
10.24
929
10.90
13.54
550
10.23
926
10.91
13.47
546
10.22
930
10.90
13.43
548
10.25
929
10.95
13.44
549
10.29
929
10.97
13.44
548
10.34
931
11.02
13.32
5.50
10.42
930
11.03
13.33
5.51
10.56
936
11.12
13.27
5.53
10.50
942
11.13
13.32
5.61
10.55
9.51
11.23
13.54
5.59
10.54
'9.49
11.31
13.61
"5.59
"10.70
"9.51
"11.38
"13.63
764
5.33
10.32
809
548
799
5.54
10.80
854
574
808
5.56
10.94
869
579
807
5.57
.11.01
868
582
8 16
5.61
11.00
874
578
817
5.68
11.08
882
589
816
5.67
11.01
879
589
820
5.68
11.02
879
589
825
, 5.68
11.07
889
590
820
5.68
11.03
886
588
823
5.67
11.07
890
588
830
5.70
11.18
897
587
828
5.67
11.17
895
584
'8.31
'5.72
11.27
r
9.05
r
5.89
8.31
'5.71
11.24
r
8.99
r
5.89
"8.41
"5.72
"11.31
"9.06
"5.92
678
692
729
730
745
743
739
744
743
747
7 55
757
754
755
7 54
754
762
760
7 55
755
7 58
7.53
7 60
7.56
757
7.53
r
7.76
r
7.69
'7.69
'7.70
"7.76
"7.74
7.68
1077
11 63
8 49
10.32
809
5 48
8.02
11 27
11 92
8 83
10.80
854
5 74
8.13
(i)
11 94
8 93
10.91
870
5 80
8.14
(i)
11 93
8 97
10.93
870
5 82
8.17
(i)
11 96
8 99
10.96
874
5 83
8.21
(i)
11 97
9 03
11.02
876
5 84
8.23
(i)
11 95
906
10.99
876
5 84
8.25
(i)
11 97
909
11.08
882
587
8.31
(i)
12 03
9 11
11.11
888
5 89
8.29
(i) /
1207
9 12
11.09
885
5 87
8.33
(i)
1207
9 15
11.16
894
589
8.35
1204
9 17
11.22
898
589
8.34
(i)
1205
920
11.16
897
588
'8.40
(*)
1205
r
922
11.23
r
9.05
r
590
'8.38
0)
1202
'925
11.21
'9.00
'590
"8.43
0)
"1205
"930
m.23
"9.08
"5 92
6 78
6 92
7 29
7 30
7 46
7 41
7 39
7 41
7 47
7 44
7 49
7 48
7 47
7 50
7 54
7 52
7 62
7 60
7 53
7 56
7 61
759
764
764
7 57
762
778
'769
'778
'768
"776
"772
1485
934
158 9
141 2
1524
148.8
1496
1434
155 3
948
166 6
145 3
157 8
156.7
158 1
150 1
157 0
947
168 4
145 5
158 7
158.5
161 1
151 9
157 2
946
169 5
145 2
159 4
158.7
160 8
1523
157 8
94 9
169 7
145 6
159 7
159.0
161 8
152 6
158 4
948
171 0
146 3
1603
159.9
163 3
1527
158 5
948
170 7
146 2
160 7
159^8
162 7
1529
159 1
951
172 0
146 3
1612
160.9
1627
1532
159 9
954
172 9
146 6
161 5
161.3
164 5
1537
1596
949
172 5
147 0
1620
160.9
164 1
1534
1603
952
173 4
147 1
1623
162.1
1646
1538
1608
952
1743
1466
1629
162.6
1659
1540
1606
941
1740
1466
1633
161.9
1654
1536
161 6
'94.2
1757
1468
163.4
163.0
167.5
1540
161.4
'93.9
1743
146.4
163.8
162.9
166.5
154.2
"162.1
"94.3
"1756
"146.8
"164.5
"163.1
"167.7
"154.7
148 3
1479
158 7
156 0
162 0
158 7
160 8
158 5
161 7
159 4
164 2
159 8
164 0
159 8
164 2
160 8"
165 8
1623
164 2
161 4
164 9
1625
1655
1634
1646
1628
1683
164.7
166.9
'164.2
"1682
"164.8
14 28
18 56
11 51
15 22
19 91
12 83
15 53
20 37
1299
15 56
20 43
13 04
15 49
20 40
13 06
15 52
20 42
13 32
15 52
20 43
13 38
15 54
20 49
13 21
15 56
20 49
13 29
1563
20 53
13 18
1576
20 60
1331
1579
2062
1329
1584
2087
13 18
1587
2089
1340
15.81
2084
"15.82
"20 84
26726
16809
280 70
171 37
286 18
17261
286 53
172 40
287 58
172 93
290 63
17393
290 52
17365
291 23
17408
294 17
17552
29264
17398
29405
17461
293 92
17392
29357
17198
297 36
173 39
'294 14
171.21
"296 74
"172.62
26726
45988
42682
33026
355.27
29722
28070
478 98
44342
35408
38177
31835
28805
489 46
449 84
36223
391 11
32399
28642
489 06
43233
36598
39550
327 20
28968
495 19
442 34
37245
40320
33042
289 10
499 68
438 50
36865
398 13
326 67
28840
492 92
44363
36874
39868
32630
28840
496 48
43930
36996
39992
32749
29264
499 66
448 13
37260
40227
329 94
29146
499 39
458 02
36987
39992
32868
29430
505 61
46088
37291
402 14
331 53
296 19
49751
46204
36995
396.73
33135
294 65
50330
46239
36926
396.88
331 45
299.27
'296.03
'496 80
'461.32
'373.41
'401.70
'332 99
"296.24
"503 14
"449.92
"378.51
"406.96
"338 64
402 48
30985
16385
421 20
32879
17105
432 13
33630
173 12
432 69
33592
173 44
436 70
33999
17802
434 34
33869
173 17
429 39
33578
173 17
429 78
33666
174 34
435 05
34227
17582
432 38
34200
17640
440 59
34443
17875
44720
34804
18021
44345
34726
17870
r
449
r
67
351 14
177 29
'441 73
'347 91
174.93
"445 61
"350 62
"17582
24544
22559
26390
23871
27i 18
24296
26678
24254
26897
24352
27558
24678
274 46
246 13
27370
24580
278 13
24852
27407
24613
27515
24774
27892
25024
27555
24849
r
284
r
'279 92
'251 02
"282 46
"252 32
135
136
86
96
111
114
(!)
r
r
r
513 04
r
467 78
r
375 66
'405.46
r
335 07
02
252 23
1178
1198
1208
122.4
1189
115 8
119 1
1209
117 7
1220
122 1
1186
122 1
124.0
1196
1246
1160
'1186
1226
1214
1179
1207
1250
1229
119 1
121 6
1255
123.7
1204
123.3
128.8
126.9
121
123
129
124
124
125
134
138
128
129
C
. Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-13
SURVEY OF CURRENT BUSINESS
December 1984
1983
Annual
IT ..
ljnils
1982
1983
Oct.
1984
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
June
May
Nov.
Oct.
Sept.
Aug.
July
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WORK STOPPAGES
Work stoppages involving 1,000 or more workers:
Number of stoppages:
Beginning in month or year
number..
96
81
Workers involved in stoppages:
Beginning in month or year
thous ..
656
909
Days idle during month or year
do....
9,061
17,461
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
weekly #@ .
thous
4 594
3 775
State programs (excluding extended duration
provisions):
Initial claims
thous
30298
22802
Insured unemployment, avg.
weekly . . .
do
4 061
3 396
Percent of covered employment: @ @
Unadjusted
46
39
Seasonally adjusted
Beneficiaries, average weekly
thous..
3,564
2,990
Benefits paid @
mil $ 2 20 649 5 18 613 2
Federal employees, insured unemployment,
average weekly .
thous
32
26
Veterans' program (UCX):
Initial claims
do
136
196
Insured unemployment, avg.
11
weekly
do
30
Beneficiaries, average weekly.. 7.
do....
9
27
Benefits paid
mil. $..
83.5
1789
Railroad program:
Applications
thous ..
246
180
Insured unemployment, avg.
weekly
do
62
58
Benefits paid
mil. $..
338.7
301.6
4
o
6
r
7
5
5
8
4
9
4
464
29
507
8
365
3
284
28
r
651
8
581
24
755
68
1,221
21
1,623
103
716
15
498
2 620
2 915
3 374
3 174
2 958
2 613
2 290
2 leg
r
-2 327
2 184
"2 083
1 522
1 757
2 105
2 356
1 528
1 433
1 429
1 370
l 368
1 767
r
l 459
P\ 287
2 358
2 508
2 805
3 249
3 056
2843
2 515
2 215
2 111
2 270
r
2 129
P
12
68
1,143
23
605
2 478
29
27
33
33
2,004
2,114
1 002 1 1 0999
33
32
2,311
1 203 6
2
2
r
38
36
33
29
26
31
29
29
28
28
2,780
2,767
2,339
2,308
2,023
1 458 0 1 400 5 1 369 5 1 173 6 1 109 2
r
25
27
1,917
948 3
2 023
P
P
25
23
26
"27
27
27
r
l,895
1,905
"1,859
r
974 1 1 017 8 P877 9
25
27
29
32
31
28
23
20
19
20
19
P
16
15
14
15
13
13
12
12
12
13
14
P
28
25
14 1
28
26
15 1
27
26
148
27
25
146
24
23
125
22
20
118
20
19
103
18
17
106
18
17
95
18
16
96
19
/>17
107
P
7
8
8
10
4
3
2
2
11
25
7
43
19.5
42
19.5
43
19.9
52
23.9
47
23.2
40
20.1
29
13.4
21
10.2
16
7.0
17
6.7
16
6.7
19
13
20
"18
10 0
P
6
P
18
6.3
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil. $..
Commercial and financial company
paper total
do
Financial companies
do
Dealer placed
do....
Directly placed
do
Nonfinancial companies
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
mil $
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives
do
Other loans and discounts
do ...
Federal Reserve banks, condition, end of period:
Assets, total #
mil $
Reserve bank credit outstanding, total #
do
Time loans
do
U.S. Government securities
do....
Gold certificate account.. .
do
Liabilities, total #
do
Deposits, total
do
Member-bank reserve balances..
do....
Federal Reserve notes in circulation
do
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
mil $
Required
do
Excess
do
Borrowings from Federal Reserve
banks
do
Free reserves. ...
do
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.::|:
Deposits:
Demand, total #
mil $
Individuals, partnerships, and
corporations $$
do
States and political subdivisions
do....
U.S. Government . . .
do
Depository institutions in U.S. :(::(:
do....
Transaction balances other than demand
deposits *
..do..
Nontransaction balances, total *
do....
Individuals, partnerships, and
corporations
do
Loans and leases(adjusted),total §
do....
Commercial and industrial
do
For purchasing and carrying
securities
do
To nonbank depository and other
financial
do
Real estate loans
do
To States and political subdivisions <0
do....
Other loans
do
Investments, total
do
U.S. Treasury and Govt. agency securities,
total 0 .
do
Investment account <0 ..
do
Other securities <}
do
See footnotes at end of tables.
79,543
78,309
72,902
77,919
78,309
73,450
74,367
73,221
78,457
79,530
82,067
162,330 181,348
* 3118,640 137,970
34,666 41,727
3
83,974
96,243
43,690
43,378
177,150
132,128
39,134
92,994
45,022
182,475
137,297
42,124
95,173
45,178
181,348
137,970
41,727
96,243
43,378
187,284
142,638
44,082
98,556
44,646
193,926
146,753
45,526
101,227
47,173
200,365
151,197
46,556
104,641
49,168
210,073
156,329
48,370
107,959
53,744
215,345
161,474
51,134
110,340
53,871
220,594
160,413
50,216
110,197
60,181
222,782
160,544
49,676
110,868
62,238
220,125
158,358
50,313
108,045
61,767
3
80,957 • 79,779
77,928
75,736
226,736
159,542
52,138
107,404
67,194
230,511
160,174
54,055
106,119
70,337
80,408
80,541
81,106
80,769
80,541
80,896
80,821
80,935
81,131
81,176
80,852
80,779
80,545
80,091
79,718
50,375
8,423
21,610
51,078
9,319
20,143
51,105
9,263
20,737
51,130
9,460
20,180
51,078
9,319
20,143
51,036
10,171
19,690
50,998
10,170
19,653
51,038
10,292
19,605
51,055
10,321
19,755
51,106
10,127
19,944
51,169
9,289
20,394
51,190
8,947
20,642
51,219
8,709
20,616
51,216
8,497
20,378
51,206
8,699
19,813
190,128
198,571
190,067
195,267
198,571
199,457
188,837
195,100
208,207
202,369
200,726
204,194
203,184
207,150
198,682
205,671
153,769
717
139,312
11,148
190,128
34,334
26,489
163,694
918
151,942
11,121
198,571
26,123
21,446
155,964
387
146,096
11,126
190,067
26,112
20,227
160,043
1,059
149,439
11,123
195,267
25,443
21,581
163,694
918
151,942
11,121
198,571
26,123
21,446
163,081
418
150,254
11,120
199,457
29,661
20,361
158,535
1,020
140,847
11,116
188,837
20,306
16,330
159,508
896
150,814
11,111
195,100
26,634
22,167
172,937
907
162,134
11,109
208,207
37,113
19,715
167,566
2,832
154,869
11,104
202,369
27,252
21,686
165,465
4,760
152,859
11,100
200,726
25,318
20,252
167,113
7,238
150,705
11,099
204,194
25,851
21,355
170,648
8,276
153,183
11,098
203,184
27,417
22,733
170,433
6,633
155,018
11,097
207,150
32,718
23,612
162,417
5,060
148,220
11,096
198,682
24,122
19,740
171,216
5,073
157,770
11,096
205,671
28,107
25,052
141,990
157,097
149,676
153,800
157,097
151,711
152,383
153,871
155,388
158,727
159,915
160,402
161,551
160,046
160,972
164,102
1
41,854
'41,354
'500
'38,333
'561
'38,894
38,137
37,633
505
38,144
37,615
529
38,894
38,333
561
40,120
39,507
613
36,365
35,423
942
36,278
35,569
709
37,154
36,664
490
36,519
35,942
577
37,518
36,752
767
37,464
36,858
607
37,258
36,575
683
38,035
37,415
620
r
38,499
r
37,892
'607
39,227
38,544
683
'634
'-101
'774
'-117
844
-197
906
-256
774
-117
715
-16
567
478
952
-110
1,234
-605
2,988
-2,215
3,300
-2,269
5,924
-5,009
8,017
-6,988
7,242
-6,303
6,017
-5,lll
4,617
-3,722
191,546
195,538
180,079
187,336
195,538
186,364
185,724
176,120
185,972
185,051
177,286
188,449
172,507
185,925
185,214
179,990
141,698
5,225
1,764
23,816
149,971
5,507
2,055
21,868
138,677
5,284
1,152
20,103
143,638
4,900
1,934
20,448
149,971
5,507
2,055
21,868
139,378
5,453
1,106
23,974
140,501
5,448
2,446
22,623
134,190
4,250
1,736
21,285
141,334
5,854
1,307
22,088
140,804
4,623
1,076
22,562
134,732
4,702
2,296
20,971
142,206
6,120
1,200
23,298
131,706
4,438
2,138
19,196
139,054
4,855
3,942
22,537
141,574
4,875
1,388
21,064
138,781
4,781
1,041
20,985
416,133
439,983
432,988
437,235
439,983
32,956
408,881
32,736
411,118
32,899
415,351
33,340
414,454
32,673
426,900
31,967
431,360
33,356
434,075
32,258
436,102
33,857
440,679
32,960
443,816
32,668
446,042
377,218
524,625
218,529
411,068
553,128
223,857
405,227
541,626
218,706
408,964
543,644
219,355
411,068
553,128
223,857
380,480
577,258
221,422
382,536
585,352
226,817
386,014
587,258
231,233
385,311
602,674
236,671
395,671
607,656
239,798
399,601
612,942
243,591
403,152
617,678
244,724
403,335
615,716
242,136
407,433
627,324
246,290
410,054
636,909
246,913
412,163
637,637
247,454
r
11,138
13,638
13,061
14,291
13,638
14,910
15,659
12,678
13,868
14,479
13,137
12,806
11,494
13,354
15,282
12,849
26,684
133,738
25,272
142,170
25,014
141,637
24,256
142,106
25,272
142,170
161,257
129,438
174,488
145,803
174,126
143,742
174,875
145,869
174,488
145,803
25,578
144,657
20,361
180,307
130,201
24,766
145,468
20,670
181,012
129,697
24,312
146,733
21,274
174,169
128,525
25,415
148,448
22,538
180,948
128,260
25,779
149,259
23,053
183,531
125,726
25,314
150,777
24,039
182,818
119,473
25,580
152,394
24,788
188,693
119,922
25,472
153,273
25,807
187,131
123,159
24,935
154,983
25,499
193,327
121,782
24,859
157,174
25,630
202,006
126,206
24,670
157,992
26,574
197,584
124,967
62,639
54,761
66,799
75,473
67,777
70,330
74,853
65,722
68,889
77,105
68,044
68,764
75,473
67,777
70,330
80,244
68,377
49,957
80,175
69,223
49,522
78,961
68,231
49,564
77,978
66,456
50,282
76,834
65,037
48,892
72,173
64,544
47,300
72,712
63,594
47,210
75,068
63,456
48,091
74,037
62,889
47,745
78,420
63,296
47,786
78,431
63,770
46,536
S-14
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
.. .,
LI mis
Annual
1982
December 1984
1984
1983
1983
Oct.
Nov.
Dec.
Jan.
Feb.
Sept.
Mar.
Apr.
May
June
July
Aug.
1,621.3
1,630.1
1,649.5
1,652.6
1,664.7
1,675.5
Oct.
Nov.
FINANCE—Continued
BANKING— Continued
Commercial bank credit, seas, adj.:
Total loans and securities <}
bil $
1,412.0
1,532.9
1,568.1
1,548.9
1,568.1
U.S. Treasury securities
do
182.3
186.2
130.9
188.0
188.0
Other securities
do
239.2
246.5
247.1
247.5
247.5
Total loans and leases <>
do
1,104.1 1,115.7
1,042.0
1,132.6
1,132.6
Money and interest rates:
Prime rate charged by banks on
short-term business loans *
percent..
11.00
14.86
10.79
11.00
11.00
Discount rate (New York Federal
Reserve Bank) @ @
do
8.50
11.02
8.50
8.50
8.50
Federal intermediate credit bank
loans
do
10.55
10.61
13.56
10.60
10.67
Home mortgage rates (conventional 1st
mortgages):
2
2
New home purchase (U.S. avg.)
percent..
12.11
11.80
11.82
14.49
11.94
2
2
Existing home purchase(U.S. avg.)
do....
14.78
12.29
12.19
12.11
11.94
Open market rates, New York City:
Bankers' acceptances, 90 days
do ....
8.90
9.01
11.89
9.16
9.52
Commercial paper 6-month £
do
11.89
8.89
8.98
9.09
9.50
Finance co. paper placed directly 6-mo
do
11.20
8.79
8.84
9.11
8.69
Yield on U.S. Gov. securities (taxable):
3-month bills (rate on new issue).. .percent..
8.960
8.630
8.710
8.710
10.686
CONSUMER INSTALLMENT CREDIT t
Not seasonally adjusted
Total outstanding (end of period) #
mil. $..
396,082 379,334 384,410 396,082
355,849
By major holder:
Commercial banks
do
152,490
171,978 163,274 165,670 171,978
Finance companies
do
102,862 102,338 102,560 102,862
98,693
Credit unions
do
53,471
51,767
52,578
47,253
53,471
Retailers
do
31,337
32,371
35,911
32,735
35,911
Savings and loans
do
20,472
21,023
21,615
21,615
15,823
By major credit type:
Automobile
do
142,449 140,101 141,107 142,449
131,086
Revolving
do
74,032
80,823
80,823
72,105
69,998
Mobile home
do
23,358
23,492
23,680
22,254
23,680
Seasonally adjusted *
378,117 382,936 388,718
Total outstanding (end of period) #
do....
By major holder:
Commercial banks
do ...
162,142 164,974 168,951
102,312 102,272 102,126
Finance companies
do
Credit unions .
do
53,152
51,509
52,421
Retailers
do ..
31,770
32,088
32,625
Savings and loans
do
20,347
21,520
20,931
By major credit type:
Automobile
do
139,140 140,408 141,876
Revolving
do
72,447
73,874
75,564
Mobile home..
do
23,523
23,459
23,460
Total net change (during period) #
do
5,093
4,819
5,782
By major holder:
Commercial banks
do
2,713
2,832
3,977
Finance companies
do .,
470
-40
146
Credit unions
do
942
912
731
Retailers
do
215
318
537
Savings and loans
do
437
584
589
By major credit type:
Automobile
do
1,709
1,268
1,468
Revolving
do
1,238
1,427
1,690
1
Mobile home
do
-30
-64
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
1
Receipts (net)
mil $
617,766 '600,562 '45,157 '46,202 '58,044
Outlays (net)
do . .. 1 728,424 '795,916 r70,226 r67,794 '74,705
Budget surplus or deficit ( )
do
' 110 658
25069 -21,591 -16,661
'-195,354
Budget financing total
do
' 127,989 '207,711
16,572
23,623
22,270
Borrowing from the public.
do .... 1 134,912 '212,424
8,946
15,501
11,732
1
-6,923 ' -4,713
13,324
1,071
11,891
1
Gross amount of debt outstanding
do . . . . 1,146,987 '1,381,886 1,389,236 1,393,816 1,415,343
1
Held by the public
do
929,346 '1,141,771 1,153,502 1,162,448 1,177,948
Budget receipts by source and outlays by
agency:
1
Receipts (net) total
mil $
617,766 '600,562 r45,157 '46,202 r58,044
25,577
23,227
22,700
Individual income taxes (net)
do.... '298,111 '288,938
Corporation income taxes (net)
do ....
10,922
467
'37,022
468
'49,207
Social insurance taxes and contributions
(net)
mil $
'201,131 '208,994 15,704 16,777 16,118
r
Other
do
'5,427
'69,317
5,757
'6,258
'65,609
Outlays total #
do
'728,424 '795,916 '70,226
67,792
74,702
3,988
'36,213
4,445
2,755
'46,384
Defense Department military
do
'182,850 rl 205,011 r!5,584
18,925
17,445
Health and Human Services
Department
mil $
23,297
23,559
24,448
'251,259 '276,453
Treasury Department
do ...
17,438
'110,521 '116,248
'9,613
10,665
National
Aeronautics
and
Space Adm
do
734
632
590
'6,026
'6,664
Veterans Administration
do ...
2,047
3,332
'23,937
1,936
'24,816
GOLD AND SILVER:
Gold:
Monetary stock, U.S. (end of
11,121
11,126
11,123
11,148
period)
mil $
11,121
376.010
423.828 393.208 382.245 387.140
Price at New York
ft
dol. per troy oz.
Silver:
7.947
11.441
9.841
9.121
8.837
Price at New York $$
dol. per troy oz.
See footnotes at end of tables.
1,585.4
1,604.7
188.7
188.2
186.9
185.6
186.1
181.7
182.8
184.8
252.0
1,144.7
252.2
1,164.2
253.2
1,181.1
250.8
1,193.6
250.0
1,213.4
248.2
1,222.7
247.7
1,234.2
249.6
1,241.1
11.00
11.00
11.21
11.93
12.39
12.60
13.00
13.00
1,685.6
183.7
'250.9
1,251.0
12.97
1,694.2
182.8
250.8
1,260.5
12.58
'11.77
8.50
8.50
8.50
8.87
9.00
9.00
9.00
9.00
9.00
9.00
8.83
10.80
10.84
10.79
10.87
10.97
11.16
11.32
11.32
11.53
11.66
11.66
11.80
11.70
11.78
11.73
11.56
11.69
11.55
11.61
11.68
11.63
11.61
11.79
11.91
12.03
11.89
12.24
12.03
12.43
9.23
9.18
9.38
9.31
9.88
9.86
10.22
10.22
io:84
11.04
11.23
11.30
11.34
11.23
11.16
11.04
10.94
10.87
12.27
12.52
10.13
10.16
12.30
12.38
9.00
9.06
9.02
9.06
9.38
9.76
10.03
10.25
10.42
10.52
10.55
9.87
' 8.82
8.930
9.030
9.440
9.690
9.900
9.940
10.130
10.490
10.410
9.970
8.790
394,922
399,177
402,466
407,671
418,080
427,565
435,367
443,537
450,131
455,318
171,934
101,680
53,882
34,505
21,823
175,941
101,702
54,851
33,455
22,269
177,625
101,619
55,892
33,208
23,071
181,022
101,119
56,962
33,327
23,957
186,668
102,967
58,517
33,730
24,915
191,519
104,460
59,893
34,206
25,837
195,265
106,219
61,151
34,022
26,767
199,654
106,881
62,679
34,294
27,918
202,452
108,437
63,808
34,426
28,868
204,582
109,289
64,716
34,802
29,756
143,186
78,566
23,668
146,047
77,671
23,571
146,047
79,110
23,661
147,944
80,184
23,850
152,225
82,436
24,104
155,937
84,598
24,427
159,649
85,588
24,751
162,038
87,788
25,178
164,361
89,742
25,482
166,028
91,017
25,484
393,187
399,795
405,665
412,073
422,306
430,131
437,237
443,235
447,518
453,793
170,980
102,060
54,068
33,047
21,884
175,894
102,318
54,780
33,372
22,298
179,316
102,125
56,010
33,727
23,111
183,331
101,775
57,539
34,005
23,979
189,396
103,079
58,992
34,481
24,958
193,231
104,432
59,954
34,952
26,027
196,423
105,834
61,520
34,851
26,874
199,054
106,945
62,364
35,057
27,998
200,438
108,149
63,050
35,189
28,767
203,194
109,340
64,266
35,292
29,590
143,982
76,069
23,368
4,469
146,781
77,342
23,241
6,608
147,107
80,304
23,526
5,870
149,265
82,172
23,811
6,408
152,954
84,989
24,113
10,233
155,851
86,558
24,567
7,825
159,273
87,198
25,029
7,106
161,050
88,512
25,602
5,998
162,367
89,836
25,920
4,283
164,724
91,332
25,704
6,275
2,029
3,422
4,015
-350
1,529
278
868
6,065
3,835
1,304
1,453
476
979
1,353
962
471
1,069
3,192
1,402
1,566
101
847
2,631
1,111
844
206
1,124
1,384
1,204
686
132
769
2,756
-66
916
422
364
4,914
258
712
325
414
2,106
505
-92
2,799
326
2,897
3,422
2,962
2,158
1,868
285
3,689
1,273
-127
2,817
302
1,569
454
640
462
1,777
1,314
573
1,317
1,324
318
55,209
52,017
69,282
37,459
44,464
80,180
'62,537
47,886
88,707
71,391
71,283 '68,432
68,267
73,020
'68,052
68,687
33,498
16416
20 381 -28,555
-5,515
11,493 -33,932 -2,000
34,673
18,128
3,801
35,284
30,282 -10,833
5,762
20,588
25,340
5,524
24,540
8,604
18,172
7,568
17,038
23,686
9,333
-6,412
26,680 -1,723
22,714
-17,924
2,416
27 871
1,565,140
1,517,221
1,543,117
1,441,993 1,462,127 1,468,303 1,490,663 1,501,656
1,201,634 1,219,806 1,227,376 1,244,414 1,253,018 1,258,542 1,283,081 1,308,421
68,019
51,234
16,785
-14,811
'62,537
33,881
47,886
22,190
1,619
9
-193
1,230
355
813
285
4,167
- 18,978
1,576,748
1,312,589
1,191
1,216
103
823
2,357
1,496
-216
52,251
81,037
28,787
28,019
20,754
7,265
1,616,010
1,333,343
44,464
12,895
7,965
80,180
39,192
9,095
37,459
4,333
69,282
32,200
11,315
52,017
22,398
2,063
55,209
25,820
801
68,019
31,541
11,891
52,251
25,624
280
26,036
5,858
68,687
19,759
6,008
71,283
2,050
19,123
21,361
18,211
26,441
6,405
71,391
2,725
19,373
68,433
2,400
18,296
'21,931
6,657
88,707
2,648
19,459
18,639
5,948
51,234
2,496
18,354
19,107
6,582
81,037
4,602
18,707
937
'21,461
'5,577
68,059
4,266
17,781
19,973
'5,715
68,267
17,939
17,702
5,902
73,020
3,032
18,950
23,812
9,481
24,143
10,625
25,635
10,066
24,060
11,524
24,560
10,973
27,867
17,568
23,594
10,515
39,822
11,926
7,428
10,572
26,348
11,834
414
1,199
631
2,100
522
604
886
603
3,294
2,200
573
3,148
615
1,240
626
3,281
502
932
802
2,104
11,120
370.888
11,116
385.955
11,111
394.264
11,109
381.658
11,104
377.261
11,100
377.665
11,099
346.443
11,098
347.693
11,097
340.913
11,096
340.109
11,096
340.861
8.182
9.126
9.220
8.972
8.744
7.613
7.263
7.317
7.488
3,561
9.651
3,114
6,195
7.416
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-15
SURVEY OF CURRENT BUSINESS
December 1984
., .f
unns
Annual
1982
1984
1983
1983
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Aug.
July
Sept.
Oct.
Nov.
FINANCE—Continued
MONETARY STATISTICS
1
Currency in circulation (end of period)
bil $.
1562
171 9
Money stock measures and components (averages
of daily figures): t
Measures (not seasonally adjusted): :|:
Ml
.
bil $
458 5
509 1
M2
do
1 8788 2 116 0
M3
do
23606 2 599 0
L (M3 plus other liquid assets)
do
27533 30419
Components (not seasonally adjusted):
Currency
do
129 4
141 9
Demand deposits . . .
do
2344
241 8
Other checkable deposits tt
do
904
1208
Overnight RP's and Eurodollars A
do
41 5
529
General purpose and broker/dealer
money market funds ..
do
1720
145 3
Money market deposit accounts * . . . .
do
340 5
Savings deposits
do
3505
321 2
Small time deposits @
do
8589
7545
Large time deposits @
do
324 1
307 0
Measures (seasonally adjusted): $
Ml
do
M2
do.
M3
do
L (M3 plus other liquid assets)
do
Components (seasonally adjusted):
Currency ...
do
Demand deposits
do
Other checkable deposits *
do
Savings deposits
do
Small time deposits @
do
Large time deposits @
do
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Bureau of the Census):
Net profit after taxes, all industries
*•
mil $
85834
71028
Food and kindred products
do" .
9,436
8383
Textile mill products
do
851
1 599
Paper and allied products
do
1460
2327
Chemicals and allied products
do
10324
11 644
Petroleum and coal products
do ..
19,297
19666
Stone, clay, and glass products
do
408
1002
Primary nonferrous metal
do
333
288
Primary iron and steel
do
3705
3746
Fabricated metal products (except ordnance,
machinery, and transportion
equipment)
mil $
2320
2693
Machinery (except electrical)
do
7680
8038
Electrical machinery, equipment,
and supplies
do
6449
6367
Transportation equipment (except motor
vehicles, etc.)
mil $
2566
3011
Motor ' vehicles and equipment
do....
734
7,168
All other manufacturing industries
do...
13,867
17,644
Dividends paid (cash), all industries
do
41 259
41 624
SECURITIES ISSUED @ @
Securities and Exchange Commission:
Estimated gross proceeds total
mil $
73428 101 837
By type of security:
Bonds and notes corporate
do
44 004
47 905
Common stock
do
23202
44857
Preferred stock . . .
do
4 950
7 508
By type of issuer:
Corporate, total #
mil $
72 155 100 270
Manufacturing . . . .
do
13237
22675
Extractive (mining)
do
6923
8 580
Public utility
do
16 408
12 092
Transportation
do
2091
4 161
Communication
do
3 894
5 508
34 644
Financial and real estate
do
23 094
State and municipal issues (Bond Buyer):
Long-term
do.. .
77,179
83348
Short-term
do
43390
35849
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers, end of year
or month
..
mil $
13325 23 000
Free credit balances at brokers:
Margin accounts
. do
5735
6620
Cash accounts
do
8390
8 430
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composite §
dol per $100 bond
358
412
Domestic municipal (15 bonds)
do...
41.8
51.4
Sales:
New York Stock Exchange, exclusive of some
stopped sales face value total
mil $ 7 155 44 7 572 32
See footnotes at end of tables.
5224
2 1672
26576
3 112 4
537 9
535 0
526 8
2 181 3 2 198 1 2 210 6
26904
27165
27297
r
3 155 0 r3 193 8 3 212 9
5220
528 2
2 212 5 2 231 0
27397 27690
3 233 1 3 279 9
175.3
175.1
1687
1719
543 3
2 254 7
28009
3 310 8
535 0
2 253 5
28136
r
3 326 5
545 6
22739
28382
r
3 369 7
547 5
22870
859 4
3 403 3
r
2
r
542 7
22885
2 870 3
34232
r
5463
299 4
2,884.9
r
23167
r
2,914.4
5534
23447
2,956.1
1565
2453
139 1
1567
r
2449
1394
1586
248 1
142.1
r
2
r
145 7
244 8
127 1
147 9
245 2
129 0
150 5
251 6
131 3
148 4
249 4
1326
148 3
237 9
131 1
149 8
239 4
1342
151 5
247 8
1391
152 9
2413
1359
154 9
2470
1383
156 3
2475
1380
156 5
2429
1376
570
55 2
56 2
586
595
583
575
59 1
565
569
588
1375
138 8
138 2
1378
142 1
144 8
145 9
1465
1489
1505
1505
1519
3705
3160
7714
317 4
372 9
3120
783 1
323 3
376 0
3085
7886
329 2
380 3
3074
7994
3346
3860
3052
8054
3405
392 5
3072
8076
3469
3964
3087
8107
351 6
3946
3082
8176
3646
3929
3085
8290
3751
3892
3067
8439
3845
3838
2997
8602
3925
3834
2967
8719
r
3955
5217
21673
26589
3 1164
1460
2436
1273
317 1
7730
315 1
5301
5254
523 1
2 1822 21963 22068
27238
27104
26893
r
3 153 7 r3 183 1 32014
1472
2428
1283
3154
7855
3203
1480
2437
1289
3129
793 1
3254
1499
2445
1308
3099
7970
3330
5330
2 222.6
27470
32316
5353
22300
27678
32736
5355
22429
27924
32993
1502
2438
1340
3066
8009
339.9
1509
2440
1354
3055
8034
'3479
1518
2453
1333
305 5
8083
3555
5412
5463
5458
2,258 6 2,272.1 22819
28183
28395
28605
r
3 330 6 r3 373 7 r34113
1529
2452
1380
3055
8167
3673
1542
2482
1388
3051
8290
378.8
25009
3001
396
655
2 691
5638
382
171
1 801
26463
2368
413
629
3 706
4476
162
219
214
30992
2,539
508
942
3976
4,882
612
305
374
853
2769
966
2159
1359
3338
2181
2228
1 875
775
2498
960
3318
1220
3,446
5142
4645
5,616
10965
11 169
11 211
r
5467
2291 1
2 872 2
34338
1550
2471
1385
3030
8452
3890
r
5460
r
568
5489
r
568
579
1555
162 1
3868
2958
3973
2928
889.0
4086
r
883.6
r
4047
r
549.4
545.5
2,346.2
2 916 3 2,955 0
r
2,305.8
r
r
2,317.4
r
2998
8620
391.9
1567
2464
140.8
2989
8745
392.9
1572
243.8
139.6
2974
r
885.1
r
400.9
1575
2458
141.2
2962
891.7
404.2
11,170
314
2 890 6
1560
2455
139:9
6 053
7 242
6 215
8 026
10 388
5 915
5393
5377
4603
6427
r
7276
6,445
2 433
3320
300
3 316
3 444
433
2 443
3234
288
5 067
2456
305
7 694
2080
515
3 601
1764
302
3 472
1 582
339
1 672
1 600
604
2 820
1608
174
5 128
1,109
189
r
5 236
1,707
333
3820
2,218
155
6 054
1 159
409
1 012
305
56
2490
7 193
596
1 124
1 128
303
12
3 530
5965
1267
360
433
508
12
2 682
7 828
615
823
467
64
239
4 380
10289
764
132
429
89
20
7 750
5 667
409
384
533
279
217
3373
5393
1 195
1 005
582
120
94
1 827
3877
924
567
115
84
16
1 526
4603
167
117
485
175
161
2904
6427
882
573
785
68
97
3 347
r
6,195
348
320
1 024
287
9
3480
6668
3382
5898
1983
9,137
1977
4,931
2492
4,532
2253
5069
3393
5134
6 158
6624
2323
6,861
3775
6280
2589
r
21 030
22 075
23000
23 132
22557
22 668
22 830
22360
23450
6630
7 695
6512
7 599
6620
8430
6,510
8230
6420
8420
6520
8 265
6450
7 910
6685
8 115
6430
8305
400
50.4
393
49.6
386
49.1
51.8
50.5
49.0
48.6
45.9
51337
53006
601 30
56658
55096
579 24
64469
7276
2,395
316
144
183
122
r
3005
9,808
2,511
r
8,448
r
2,029
12,066
1,991
22980
22810
22 800
22,330
6430
8125
6855
8185
45'.2
46.1
561 99
53420
r
r
6,690
8315
6,580
8,650
48.4
47.7
46.9
47.2
59347
495.72
651.67
625.38
(2)
55279
S-16
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
Annual
.. .
uims
1982
December 1984
1983
1983
Oct.
1984
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Aug.
July
Sept.
Oct.
Nov.
FINANCE—Continued
, Bonds— Continued
Yields:
Domestic corporate (Moody's)
percent..
By rating:
Aaa
do
Aa
do
A ....
do
Baa
do
By group:
Industrials
do
Public utilities .
do
Railroads
do
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard & Poor's Corp. (15
bonds)
do
U.S. Treasury bonds, taxable $
do.. .
Stocks
Prices:
Dow-Jones averages (65 stocks). .
Industrial (30 stocks)
,
Public utility (15 stocks)
Transportation (20 stocks)
Standard & Poor's Corporation: §
Combined index (500 Stocks)
1941-43=10..
Industrial, total (400 Stocks) #
do....
Capital goods (105 Stocks)
do....
Consumer goods (191 Stocks)
do....
Utilities (40 Stocks)
do
Transportation (20 Stocks) <>.. 1982=100...
Railroads (6 Stocks)
1941-43=10..
Financial (40 Stocks)
1970 = 10..
New York City banks (6 Stocks)
1941-43 = 10...
Banks outside NYC (10 Stocks)
..do....
Property-Casualty Insurance (5 Stocks)
do...
N.Y. Stock Exchange common stock indexes:
Composite
12/31/65—50
Industrial
do
Transportation
do
Utility
do
Finance
do
Yields (Standard & Poor's Corp.):
Composite (500 stocks)
percentIndustrials (400 stocks)
do
Utilities (40 stocks)
do
Transportation (20 stocks)
do
Financial (40 stocks)
do
Preferred stocks, 10 high-grade . . .
do
Sales:
Total on all registered exchanges (SEC):
Market value
mil $
Shares sold
millions
On New York Stock Exchange:
Market value
mil $
Shares sold (cleared or settled)
millions
New York Stock Exchange:
Exclusive of odd-lot and stopped stock
sales (sales effected)
millions
Shares listed, NYSE, end of period:
Market value, all listed shares
bil $
Number of shares listed
millions..
14.94
12.79
12.93
13.07
12.92
12.88
13.33
13.59
14.13
14.40
See footnotes at end of tables.
mil $
do
do
13.56
1
13.33
12.88
1
12.63
13.11
1361
13.94
12.29
12.66
13.09
13.48
13 10
13.68
13.44
1261
13.15
13.02
1204
1242
1310
1355
1225
1249
12 97
1346
1241
1261
13 09
1361
1257
1276
13 21
1375
1220
1271
13 13
1365
1208
1270
13 11
1359
1257
1322
13 54
1399
1281
1348
13 77
1431
1328
14 10
1437
14 74
1355
1433
1466
1505
1344
1412
1457
15 15
1287
1347
14 13
1463
14 54
1533
1368
12 25
1331
1208
1239
13 19
1208
12 54
1333
1235
1266
1348
1246
12 63
1340
1241
12 60
1350
1228
13 00
1403
1254
13 25
1430
1281
1372
1495
1325
1403
1516
1331
1409
1492
1360
1361
1429
1382
1342
1404
13.68
1156
952
979
982
976
951
986
993
999
1107
1076
992
1017
10 15
10.11
10.04
11 57
12.23
948
10.84
964
11.21
979
11.32
990
1144
9 61
11 29
9 63
1144
992
1190
998
1217
10 55
12.89
1071
13.00
1055
12.82
1003
12.23
1017
11.97
1034
11.66
1027
11.25
1
47224
50044 50346 50280
50180 45829 45610 45000 44649 43611 432.58 470.05 472.11 474.53 480.59
1,190.34 1,252 20 1,250 00 1,257 64 1 258 89 1 164 46 1 161 97 1,15271 1 143.42 1,121.14 1,113.27 1,212.82 1,213.51 1,199.30 1,211.30,
140.84 144.75
124.79 128.23 132.83
123.96
129.98
138.35 137.74
132.73
126.45
132.47
12758 127.49 125.74
516.18 523.36 528.92
544.61
582.28 597.21 597.27
515.78 509.34 496.47 489.28 472.56 463.74 517.86
593.08
119.71
133.57
119.98
109.37
5478
100.00
74.82
14.30
160.41
180.49
171.62
150.77
64.87
147.05
108.46
18.70
167.65
189.00
183.09
160.20
6910
158.30
120.37
18.29
165.23
185.86
178.25
158.41
68.95
160.49
119.43
18.10
164.36
185.18
179.19
154.82
6695
159.52
116.19
18.16
166.39
187.50
179.05
156.39
68.50
156.11
112.90
18.35
157.25
177.14
164.27
145.88
6625
138.50
102.29
17.28
157.44
177.85
173.64
144.55
6525
137.88
103.41
17.13
157.60
178.57
173.91
143.77
6434
135.43
103.58
16.99
156.55
177.60
172.27
143.83
6494
132.37
100.93
16.23
153.12
174.20
164.52
146.14
6400
126.55
94.36
15.14
151.08
171.70
160.02
145.42
64.66
122.04
90.53
14.66
164.42
186.86
175.77
155.47
68.11
138.37
100.83
16.65
166.11
188.10
178.04
157.28
69.71
138.71
103.03
17.43
164.82
185.44
174.36
155.92
72.02
137.90
101.35
17.62
166.27
186.57
175.37
158.34
73.58
137.99
101.47
18.10
54.76
95.87
69.23
113.16
63.28
111.76
64.57
108.15
65.97
111.52
69.65
114.51
69.51
108.81
66.38
103.67
63.02
98.94
61.38
92.76
55.33
82.34
53.75
80.23
60.23
86.67
64.64
92.49
64.79
93.27
66.78
95.30
143.01
18116
185.44
183.20
184.38
182.86
181.06
189.54
195.70
180.67
168.67
154.96
172.50
184.11
184.36
187.20
6893
7818
6041
3974
7199
9263
10745
8936
4700
9534
9678
11287
9541
4873
9479
9536
11077
9768
4850
9448
9492
11065
9879
4700
9425
9616
11216
9798
4743
9579
9060
10544
8633
4567
8995
9066
10592
86 10
4483
8950
9067
10656
8361
4386
8822
90.07
10594
8162
4422
8506
8828
10404
7929
4365
8075
87.08
10229
7672
44.17
79.03
94.49
11120
8686
4649
87.92
95.68
11218
8688
47.47
91.59
95.09
11044
8682
49.02
92.94
95.85
110.91
87.37
49.93
95.28
5.81
5 48
10 39
432
592
1253
4.40
4 04
924
285
479
1102
4.25
3 91
8 75
264
490
1097
4.31
3 93
8 80
260
498
11 12
4.32
375
941
261
500
1149
4.27
371
9 25
268
498
1135
4.59
4 oo
9 58
3 12
531
11 16
4.63
402
979
307
532
1139
4.64
4 02
9 94
3 18
540
11 66
4.72
4 11
9 82
326
544
11 72
4.86
4 23
1000
342
578
1204
4.93
4 29
996
355
6 15
1213
4.62
4 01
953
330
550
1177
4.54
396
931
325
5.26
11.65
4.62
405
903
326
5.15
11.62
11.36
602
937
r
22 423
957 118
30 147
81970
2446
80021
2 327
84384
2 638
85744
2 619
90740
2 863
82499
2 549
68955
2200
78020
2459
75722
2 414
62155
2 124
106,241
3 404
69,063
2210
514 263
815 113
69341
68 166
71 813
72721
79282
71378
58610
66391
64956
53271
91,804
58,974
18211
24253
1965
1883
2131
2129
2412
2100
1810
2026
2001
1 758
2,848
1,817
16458
21 590
1794
1 815
1849
2216
1933
1855
1717
1940
1,804
1,662
2,528
1,769
2,109
1,758
1 305 36 1 584 16 1 563 58 1 605 56 1 584 16 1 576 88 1 508 23 1 525 56 1 534 73 1 450 41 1 463 44 1 439 12 1 589 04 1,585.23 1,582.58 1,552.51
45,118
39,516
44,276 44,920 45,118 45,723 46,825 46,938 47,287 48,035 48,267 48,515 48,806 48,828 48,892 48,915
i
212 274 6 200 537 7 17 250 8 16 817 1 17 509 9 17 165 5 17 014 9 19 607 8 17 782 6 18 737 5 18 381 3 18 363 4 17 311 7 17 601 1 18,611 5
212 193 1 200 485 8 17 244 4 16 812 2 17 501 4 17 161 6 17 013 4 19 606 7 17 779 1 18 735 6 18 379 8 18 361 1 17 309 6 17 599 4 18 609 4
17 032 8 17 063 2 17 297 6 18 326 6 17*2119 17 727 2 17 521 5 17 949 8 17 633 0 19 442 4 18 036 1 18 177 0 18 386 9
do
do
do
do
do
do....
do
10 271 1
64 822 2
56997
63 664 2
33 723 6
18,332.1
15 256 5
87677
63 813 4
4*8265
58 871 0
38 245 3
15,204.8
10 520 0
5937
5 428 7
4299
50225
35167
1,362.5
8734
do
do....
2 875 4
2*3682
28128
2,129.4
4 6007
20 966 1
40379
21 894 3
do
do
13.78
1379
1441
15 43
1611
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Exports (mdse.), incl. reexports,
total @
Excl Dept of Defense shipments
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania .
Europe
Northern North America
v..
Southern North America
South America
By leading countries:
Africa:
Egypt
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New
Guinea
Japan .
14.32
1266
13.27
1394
1435
34540
88436
111.95
359.81
r
12.78
7121
5083 3
4736
52323
34779
1,363.4
811 6
659 0
49457
4272
5036 1
36838
1,444.6
810 1
8140
5694 2
4953
59738
4 1830
1,543.8
891 2
6858
5 203 8
3793
5 160 2
39926
1,464.6
845 1
8201
5 359 5
4863
50854
45873
1,502.4
862 9
692 1
5 604 3
5626
48423
40942
1,583.5
980 8
7949
58580
5517
48999
3689 1
1,579.9
9857
7276
5278 1
3858
46199
37123
1,615.1
9488
885.4
49149
5237
5091 1
36456
1,538.4
944 1
6307
52574
5125
5,409 4
40208
1,745.1
995 1
205 5
187.3
264 5
210.6
198 4
1765
2660
231 1
181 9
2450
232 4
2125
155 6
2069
249 8
2154
296 4
1776
310 6
151.0
204 5
1518
3045
20856
4017
18535
311 9
462 '7
410 2
1 872 5 1 986 3 2 031 0
470 0
21582
320 2
456 3
1 906 3 17676
432 5
1 8723
6230
5 390 1
4080
48243
34378
1,257.2
8561
8053
5657 0
3724
5 1155
33055
1,229.1
1 004 3
173 7
173.4
184 4
2052
351 7
20042
344 5
20951
368 6
413 5
1 813 3 20280
S-17
SURVEY OF CURRENT BUSINESS
December 1984
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
.. .,
units
Annual
1982
1984
1983
1983
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
/
July
Aug.
Sept.
Nov.
Oct.
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS— Continued
Exports (mdse.), incl. reexports — Continued
Europe:
France
mil $
7,110.4
German Democratic Republic
do
222.8
Federal Republic of Germany
do
9,291.3
Italy
do
4,616.1
Union of Soviet Socialist Republics
do
2,587.3
United Kingdom
do....
10,644.7
North and South America:
Canada
do
33,720.2
Latin American republics,
total #.
do
30,086.3
Brazil
do
3,422.7
Mexico
do
11,816.9
Venezuela
do
5,206.2
Exports of U S merchandise total §
do
207,157.6
Excluding military grant-aid...
do.... 207,076.2
Agricultural products total
do
36,622.6
Nonagricultural products, total
do . . . . 170,535.0
By commodity groups and principal
commodities:
Food and live animals #
mil. $.. 23,950.4
Beverages and tobacco
do....
3,026.2
Crude materials, inedible, exc.
fuels $
do
19,248.4
Mineral fuels, lubricants, etc. #
do....
12,728.8
Oils and fats, animal and vegetable
..
do
1,540.9
Chemicals
do
19,890.5
Manufactured goods #
do ....
16,739.2
Machinery and transport equipment,
total
mil $
87,148.1
Machinery total #
do
59,324.2
Transport equipment, total
....do.... 27,823.9
Motor vehicles and parts
do....
13,906.8
VALUE OF IMPORTS
1
General imports total
do
243,951. 9
Seasonally adjusted .
do
By geographic regions:
Africa
do.... 1 17,770.1
1
Asia
. .
do
85,169.5
1
Australia and Oceania
do
3,130.5
1
Europe
' do
53,412.7
Northern North America
do.... 1 46,497.7
1
Southern North America
do
23,525.0
South America
do . 1 14,444.1
By leading countries:
Africa:
1
Egypt
do
547.2
1
Republic of South Africa
do
1,966.8
Asia; Australia and Oceania:
Australia, including New
Guinea
mil $
'2,304.6
Japan
do
' 37,743.7
Europe:
France
do
'5,545.3
German Democratic Republic
do
'53.9
Federal Republic of Germany
do
'11,974.8
Italy
do
'5,301.4
Union of Soviet Socialist Republics
do
'227.6
United Kingdom
do
'13,094.8
North and South America:
Canada
do
'46,476.9
Latin American republics,
total #
do
'32,512.6
Brazil
do
'4,285.3
Mexico
do
' 15,565.9
Venezuela
do
'4,767.7
By commodity groups and principal
commodities:
Agricultural products, total
mil. $.. '15,421.7
Nonagricultural products total
do
'228,530.2
Food and live animals #
do .... '14,452.7
Beverages and tobacco
do.... /' 3,364.0
Crude materials, inedible, exc.
fuels #
do
'8,589.4
Mineral fuels, lubricants, etc
do .... '65,409.2
Petroleum and products
do .... '59,396.4
Oils and fats, animal and vegetable
.
do
'405.8
Chemicals
do
'9,493.5
Manufactured goods #
do
'33,148.4
Machinery
and
transport
equipment
do.... '73,319.6
Machinery, total #
do.... '39,456.8
Transport equipment
do.... '33,862.8
'29,360.6
P
See footnotes at end of tables.
464-378 O -
85 - S?
770.4
374.9
541.4
16.5
830.0
440.4
485.1
3.8
801.3
384.1
512.5
18.0
699. L
376.5
189.4
870.9
185.3
1,033.3
338.6
1,043.0
348.8
964.8
261.7
1,020.2
1,025.3
3,305.3
3,477.8
3,683.8
4,182.7
3,992.4
4,587.0
4,093.9
1,994.9
22,618.4
1,960.1 1,876.0
236.0
2,557.1
196.4
205.6
723.7
788.4
755.9
9,081.6
368.6
2,811.3
225.2
242.6
195,969.4 16,798.4 16,418.2 17,107.0
195,917.5 16,791.9 16,413.3 17,098.6
3,175.5 3,479.5 3,499.2
36,107.7
159,861.6 13,622.9 12,938.7 13,607.8
1,937.4
1,993.4
2,168.4
2,031.8
187.5
161.5
163.6
189.5
331.1
549.1
13.5
816.5
379.9
308.8
866.5
5,961.3
497.9
424.6
483.5
139.0
8,736.7
3,907.5
13.3
22.0
13.4
746.6
308.3
740.2
297.5
727.9
2,002.9
10,621.2
247.6
999.5
250.8
823.9
38,244.1
3,516.7
3,437.7
506.9
17.6
960.7
846.2
973.7
945.4
234.8
230.8
298.0
309.8
16,686.6 16,589.0 19,092.3 17,333.3
16,682.7 16,587.5 19,091.2 17,329.8
3,181.0
3,546.5 3,360.6
3,823.3
13,140.1 13,228.4 15,269.0 14,152.3
24,166.0
2,813.0
2,158.8
266.5
2,242.6
375.7
2,182.0
2,159.0
1,938.9
288.1
198.5
231.4
18,596.0
9,499.9
1,548.6
777.0
1,608.8
680.6
1,813.1
1,867.1
582.4
120.7
168.9
1,759.7
1,248.0
6,806.9
4,714.7
2,092.2
1,315.5
751.8 -
1,459.0
19,750.9
14,852.0
1,754.5
1,277.7
1,592.4
1,273.8
137.4
1,706.2
1,194.8
82,577.8
54,308.5
28,269.3
14,462.8
7,037.8
4,928.2
2,109.6
1,377.5
6,749.8
4,579.4
2,170.4
1,314.6
7,263.4
4,614.4
2,649.0
1,222.9
258,047.8
80.9
25,130.2 23,304.7 21,677.6
24,332.8 23,114.7 22,975.7
14,424.6
91,463.5
3,043.5
55,243.0
55,149.6
25,731.0
15,991.9
1,258.7
9,703.4
286.0
5,040.3
4,673.8
2,612.2
1,555.8
302.7
2,027.3
23.6
166.6
2,247.5
41,183.2
233.8
4,070.7
958.3
7,950.5
275.2
4,359.5
4,816.1
2,039.1
1,278.8
1,086.8
9,829.5
247.0
6,030:3
5,219.8
2,279.6
1,803.8
16.5
15.9
87.8
202.4
225.2
3,807.0
. 4,613.8
184.5
4,025.7
464.0
536.5
7.2
6.1
7.0
725.4
326.2
759.0
970.7
260.6
1,021.4
1,038.4
1,205.7
3,688.9
3,712.2
3,645.5
4,020.7
335.5
117.3
361.8
313.9
318.3
2,299.1 2,294.6 2,284.1 2,172.3 2,440.7
253.0
231.7
265.8
249.7
237.0
183.6
1,153.7
957.5
1,017.2
938.9
1,015.3 1,054.8
293.1
282.0
239.2
305.5
281.5
279.9
18,251.8 17,926.3 17,884.3 16,853.9 17,100.0 18,086.1
18,249.9 17,924.8 17,882.0 16,851.8 C17,098.3 18,084.0
2,916.4 2,860.7
2,563.0 2,688.3 2,586.7
3,193.4
15,058.4 15,363.3 15,196.0 14,267.2 14,183.6 15,225.4
2,075.6
1,976.7
1,985.3
146^0
2,355.1
177.9
231.1
2,011.4
325.0
1,766.5
758.8
1,853.7
1,608.7
1,473.8
764.8
1,376.3
877.6
1,211.1
1,396.0
871.6
819.6
757.1
237.6
1,863.8
1,364.3
131.9
1,728.4
1,213.5
182.7 ,
144.4
2,066.1
1,860.3
1,393.4
1,312.1
168.8
2,054.3
1,246.3
143.8
111.9 i
1,887.4
1,864.6
1,259.6
1,244.8
1,947.1
1,277.7
8,042.0
5,407.9
2,634.0
1,682.2
7,493.4
4,987.9
2,505.5
1,553.6
7,738.9
5,210.2
2,528.7
1,672.6
7,815.4
5,232.0
2,583.3
1,464.9
7,629.3
5,083.6
2,545.7
1,345.4
6,855.1 7,214.8
4,905.9 , 4,819.7
1,949:2 2,395.1
1,393.7
1,241.6
7,935.0
5,504.3
2,430.7
1,470.8
2,075.5
790.1
1,708.8
1,203.7
6,997.6
4,598.1
2,399.5
1,459.3
211.1
1,981.3
901.1
139.4
26,496.8 25,117.8 27,731.3 28,159.6 26,607.3 25,964.4 31,5651 27,04216 ; 27,852.6 27,530.0
26,586.1 26,147.1 26,770.9 28,368.0 25,568.8 25,355.8 31,882J8 26,567:3 29,429.8 26,313.4
1,190.0
8,896.8
238.9
4,739.1
4,737.5
2,226.7
1,275.5
205.0
467.5
644.6
324.9
13.4
730.1
1,676.8
202.9
1,939.7
170.3
91.9
487.7
168.5
2,239.2
238.0
1,836.4
502.2
511.3
1.0
731.4
381.0
35.0
197.1
1,454.7
8,397.9
279.3
5,465.0
5,387.1
2,425.1
1,708.6
1,337.9
9,690.7
269.9
6,695.1
5,558.5
2,518.5
1,660.6
5.0
4.5
181.1
442.3
217.9
3,634.2
186.1
4,758.2
1,460.6
9,892.0
269.1
6,441.3
5,839.3
2,483.7
1,773.5
1,178.2
9,850.7
254.7
5,700.2
5,712.5
2,087.3
1*823.7
1,164.2
1,186.4
1,200:8
1,166.5 1,231.4
9,608.8 13,038:3 10,680:8 10*509.8 10,702.2
379.4
1 :278:2
289.3
372:0
i 6,305.9 5,649.5
5,504.2 7,278.8
5,751.7
5,403.3 4J91412 ; 5*587.8 5,591.1
2,005.8 2,299.3 2J128.4 ! 2,136:0 2,248.4
1,772.9
1*730.8 1,870.6
1,638.0
1,941.9
e,^!?
39.4
11.6
193.4
13.7
175.9
204.9
6.9
184.4
190.7
192.9
4,638.0
4,889.1
230.7
4,504.3
274.8
6,259.6
5,084.6
6.6
274.8
656.8
529.0
943.9
214.0
27.6
187.9
5.2
135.6
207.6
4,940.1
299.2
5,075.0
712.9
12.9
771.5
15.9
546.6
1,270.4
1,593.7
781.3
771.2
1,316.5
597.4
571.9
5.1
456.1
7.2
427.5
8.4
6.1
710.1
8.0
607.9
3.9
5.0
9.0
11.1
12,695.3
5,455.3
1,215.6
1,222.9
448.6
1,086.3
445.6
1,629.1
1,197.1
653.2
1,598.7
675.4
1,570.0
640.7
1,356.1
564.6
1,247.1
572.6
346.5
12,469.6
36.6
28.4
28.8
52.1
52.1
33.5
28.0
24.1
80.6
45.9
1,122.5
1,005.5
23.9
911.2
1,174.2
988.7
1,280.9
1,367.9
1,055.7
1,131.8
1,476.4
1,165.4
1,144.7
1,231.9
52,129.7
4,671.5
4,737.2
4,813.3
5,219.1
5,385.6
5,557.8
5,838.5
5,712.1
5,744.4
5,402.5
4,913.8
5,585.8
5,591.0
35,682.9
4,946.1
16,776.1
4,938.1
3,422.2
2,956.6
432.5
1,438.9
385.9
2,886.5
425.8
1,379.9
386.9
3,492.3
3,583.3
494.8
1,570.1
3,569.7
604.7
1,622.4
3,326.7
493.7
1,444.7
501.7
615.4
414.4
3,799.0
640.6
1,707.9
536.9
3,526.3
1,368.1
3,778.5
747.8
1,560.7
568.3
3,399.1 3,558.9
682.3
726.8
1,465.3
1,410.4
580.1
507.0 °
3,603.3
664.8
1,580.8
574.2
6,025.0
58.1
451.1
553.1
1,573.6
493.6
1,350.4
1,521.5 1,371.4
16,534.1
241,513.7 23,608.6 21,933.3 20,327.3
1,291.5
15,411.7
1,411.3 1,254.4
299.0
310.2
3,407.6
335.4
893.0
4,950.7
4,592.6
767.3
4,417.1
3,869.2
787.3
551.5
592.1
498.2
591.9
1,381.3
610.7
619.5
16.8
43.1
1,684.8
1,584.7
1,628.8
1,690.5
1,345.1 1,816.4
1,866.7
1,684.7
1,669.3
1,774.6
24,812.1 23,448.5 25,956.7 26,292.9 24,916.8 24,619.3 29,748.7 25,457.9 26,223.8 25,845.2
1,609.9
1,629.6
1,411.1 1,496.0
1,263.6
1,496.8
1,702.2
1,471.3
1,488.7
1,606.0
299.8
306.5
314.3
372.7
263.9
312.3
325.7
288.0
284.4
259.4
966.1
919.4
5,006.2
4,483.2
5,323.0
4,832.0
954.2
5,628.6
5,249.7
989.1
9,590.1
57,952.2
52,325.2
907.3
5,871.6
5,483.0
495.0
10,779.4
34,833.1
46.9
63.6
1,020.8
3,300.8
944.8
3,107.5
854.6
2,849.1
1,027.3
3,773.3
1,047,5
3,796.6
86,131.1
46,974.9
39,156.2
35,034.1
8,414.5
4,841.6
3,572.9
3,252.0
8,448.2
4,695.4
3,752.8
3,466.5
8,123.8
4,249.7
3,874.1
3,519.5
9,881.4
5,373.1
4,508.4
3,912.0
8,237.3 10,313.8 10,202.2 10,259.0
4,577.2 5,777.2 5,644.0 5,483.8
3,660.1
4,536.6 4,558.1 4,775.2
3,319.2
4,029.5 4,083.1 4,358.9
55.9
28.6
15.0
1,423.8
820.0
856.6
5,089.2
4,492.0
82.9
45.4
57.7
1,215.0
3,876.9
45.0
1,309.4
3,738.1
4,695.9
4,294.7
63.8
1,122.0
3,784.5
897.7
5,206.2
4,830.3
38.4
998.7
5,434.2
5,123.1
48.3
868.1
4,886.0
4,579.9
69.1
1,270.3
4,601.1
1,092.7
3,949.2
9,605.1 11,631.0
5,414.9 7,225.7
4,405.3
4,190.3
3,797.2
3,793.0
9,816.7
6,007.7
3,809.0
3,410.8
1,031.8
3,583.4
1,014.4
4,663.4
4,333.3
64.8
1,254.8
4,032.6
867.0
5,168.0
4,788.3
66.2
1,081.9
3,832.1
10,302.1 10,144.6
6,022.4
6,141.8
4,160.3 4,122.3
3,665.3
3,736.8
S-18
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
..
uniis
December 1984
1983
Annual
1984
IT
1982
1983
Nov.
Oct.
Jan.
Dec.
Feb.
Apr.
Mar.
May
June
Aug.
July
Sept.
Nov.
Oct.
FOREIGN TRADE OF THE UNITED STATES—Continued
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1977 — 100
152 5
154 1
Quantity
do
1151
1078
Value..
do
1662
1756
General imports:
Unit value
do
1675
1606
Quantity
do
1103
999
Value
do
1674
177 1
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous sh tons 400 896 361 404
115 885 100 651
Value
mil $
General imports:
1
Shipping weight
thous sh tons 1 376 232 366 426
Value
mil. $.. 155,513 155',311
156 6
1091
1709
156 5
1067
1670
1558
1117
174 0
157 4
1078
1698
158 1
1068
1688
157 0
1238
1943
157 9
111.7
1764
158 3
1174
1858
1587
114.9
1824
157 1
115.8
1820
1560
109.9
171 5
1563
111.3
1740
1565
117.6
184.1
1607
1288
2069
1610
1192
1919
1627
1097
1785
1626
1342
2182
1615
1281
2068
1637
1395
2284
164 1
141.3
2319
1646
1331
219 1
164.4
130.1
2138
164.1
158.4
2599
164.5
135.3
2227
164.6
139.3
2294
164.8
137.6
2267
30520
8 524
30222
8 519
31864
8 891
29 192
8 618
25576
7 797
31768
9 289
30206
8247
33256
8798
30864
8263
38 810
15,641
32237
14^195
28263
12,567
33 174
15,797
33028
14,263
35104
16,416
37682
16,586
31961
15,729
32438
14,971
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-load factor
Operating revenues (quarterly) # §
Passenger revenues
Cargo revenues
Mail revenues
Operating expenses (quarterly) §
Domestic operations:
Passenger-miles (revenue)
Cargo ton-miles
Operating revenues (quarterly) §
Operating expenses (quarterly) §
Net income after taxes (quarterly) §
International operations:
p
F
-i
Mail ton-miles
Operating expenses (quarterly) §
percent
mil $
do
do
do
do
bil
mil
mil $
do
do
-i
do
do
259 64
590
32850
36066
30371
2319
706
36804
911
2249
590
2 945
2083
567
2784
2251
569
2965
9931
8327
741
192
9643
39
2149
537
2732
2014
538
2619
2474
600
3 196
9978
8445
586
171
9855
110
2404
594
3066
2497
598
3 163
2754
644
3 412
11,033
9,431
676
169
10,274
392
2793
619
3472
2996
654
3693
1775
309
88
1709
311
91
1842
297
129
8104
7885
14
1742
\262
90
1674
271
90
2053
320
101
8297
8204
-105
1948
290
92
1980
305
94
2160
299
91
8976
8,320
300
21.63
292
85
23.27
310
93
54 84
2 704
415
7 172
6697
313
474
263
35
3 74
259
41
4 09
234
54
1721
1668
15
407
196
34
3 40
212
32
4 22
264
37
1574
1559
22
456
243
36
5 17
232
35
594
233
35
1981
1836
83
630
268
35
669
260
35
7859
687
672
658
647
661
727
664
692
656
614
670
145.6
147.6
281 15
607
35 680
2
38 596
2
32 731
2579
668
2
38 234
289
2
21015 2 2222 57
3039
3383
1 004 1 064
2
28728 2 31 008
2
29 478 31 184
701
639
4943
2430
399
6435
6452
193
Urban Transit Systems
Passengers carried, total
mil
7714
Motor Carriers
Carriers of property, large, class I, qtrly.:
Number of reporting carriers .
100
Operating revenues total
mil $ 2 15 4Q4
Net income, after extraordinary and prior
period charges and credits
mil $
81
Tonnage hauled (revenue), common and
2
contract carrier service
mil tons
82
Freight carried— volume indexes, class I and II
intercity truck tonnage (ATA):
Common carriers of general freight,
seas, adj
1967-100.
128.9
Class I Railroads t
Financial operations, qtrly. (AAR), excl. Amtrak:
Operating revenues total #
mil $
27 093
Freight. ...
do
25615
Passenger excl Amtrak
do
373
Operating expenses
... .
do
27094
Net railway operating income
do
805
Ordinary income
- do
1 192
Traffic:
Revenue ton-miles qtrly (AAR)
bil
797 8
Price index for railroad freight
1969 = 100 .
351.4
Travel
Lodging industry:
«1Qfi
Kes aurant sales index.. ..same month 19b/ — 1UU.
61 71
R
-V
~ f 4- 4- 1
63
M t V i t l - A
l A r M l
41 16
U
^»
. j
V
"~" *..->'
64
Economy hotels:* Average room
sale Q
....
dollars
2496
Rooms occupied *
% of total
64
Foreign travel:
29 333
2 10 275
Departures (quarterly)
do
2
Aliens' Arrivals (quarterly)
do
10 909
2
9047
Departures (quarterly)
do
Passports issued
do
3664
48901
National parks recreation visits 4t &
do
See footnotes at end of tables.
2
2
100
16382
100
4489
100
4 112
100
4487
353
87
42
123
164
44
41
41
135.9
138.7
139.3
26726
25829
107
26726
1 296
1217
828 3
355.8
142.4
144.8
139.6
357.0
2153
357.2
146.8
143.0
" 144.0
370.7
370.7
231 1
371.0
371.1
371.1
2350
371.1
372.4
372.4
000
909
9flA
68 50
72
41 55
67
64 39
64
41 89
62
64 01
50
40 52
50
168
69 13
58
43 27
56
198
69 69
66
4474
67
227
7064
70
4642
70
202
6987
68
46 53
68
240
68 82
70
44 85
69
235
6683
70
4635
71
219
6530
66
4674
73
203
6748
68
4744
73
2869
65
2947
65
3234
63
3247
51
2855
55
2774
59
2903
67
3048
64
2883
65
32.02
72
32.10
72
30.23
79
4
1 132
4
1224
4
688
4
4
1337
4
1506
4
834
4
372
1439
2983
2864
1810
1579
471
1776
4
1 102
4
1056
4
734
4
219
2104
2733
2765
1883
1710
255
1 115
r
272
1,225
!41.8
"142.8
142.8
234.0
372.5
<68.7
374.4
4
66.8
374.4
275
5,871
298
3,732
"269
r
6,352
1,064
76S
6 909
222
4454
731
7,415
64 51
64
42 30
66
12010
12 258
8831
7467
4152
49328
636
7,545
7,289
25
6,471
1,074
809
7389
7214
26
6619
564
592
6 937
6703
27
6396
385
430
357.0
142.3
14.42 ' 5 15.53
5
569
507
2633
608
603
3783
647
528
6,642
r
442
9,380
r
394
9,042
r
r
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-19
SURVEY OF CURRENT BUSINESS
December 1984
Annual
, T .f
onus
1982
1984
1983
1983
Nov.
Oct.
Dec.
Jan.
Mar.
Feb.
Apr.
June
May
Oct.
Sept.
Aug.
July
Nov.
TRANSPORTATION AND COMMUNICATION—Continued
COMMUNICATION
Telephone carriers:
Operating revenues #
. .
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 and overseas: @
Operating revenues
mil $
Operating expenses
' do
Net operating revenues (before
taxes)
do....
73748
31 654
28068
51 269
11951
1578
78092
33090
28 031
53095
12797
1344
6673
2802
2352
4651
1038
1386
6560
2780
2301
4716
948
1365
6660
2757
2 369
5647
488
1344
1 417 0 14827
1 1739 1 2594
1256
1079
1280
111 1
1266
1138
11.7
10.8
170.5
142.2
2.5
112 6
931
1120
945
1182
988
1133
945
12.6
10.9
12.1
11.8
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% AlaO3) $
thous. sh. tons ..
Chlorine gas (100% C12) t
do
Hydrochloric acid (100% HC1) t
do
Phosphorus elemental
do
Sodium hydroxide (100% NaOH) t
do ....
Sodium silicate anhydrous $
do
Sodium sulfate anhydrous "$
do
Sodium tripolyphosphate
(100% Na5P3Oio) t
do
Titanium dioxide (composite and
pure) t
do
Sulfur, native (Frasch) and recovered:
Production
thous met tons
Stocks (producers') end of period
do
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrous $
thous. sh. tons ..
Ammonium nitrate, original solution $
..
..
do
Ammonium sulfate $
•
do
Nitric acid (100% HNO3) $
do....
Nitrogen solutions (100% N) t
do....
Phosphoric acid (100% P2Oa) i
do
Sulfuric acid (100% HaSO-i) t
do
Superphosphate and other phosphatic
fertilizers (gross weight):
Production
thous sh tons
Stocks end of period $
..
do
Potash, sales (K2O)
do....
Exports total #
do
Nitrogenous materials
do
Phosphate materials
do
Potash materials
do
Imports:
Ammonium nitrate
do
Ammonium sulfate
do
Potassium chloride
do
Sodium nitrate
do
Industrial Gases $
Production:
Acetylene
mil cu ft
Hydrogen (high and low purity)
do....
Nitrogen (high and low purity)
do....
Oxygen (high and low purity)
do....
Organic Chemicals §
Production:
Acetylsalicylic acid (aspirin)
mil. lb..
Creosote oil
mil gal
Ethyl acetate (85%)
mil. lb..
Formaldehyde (37% HCHO)
do
Glycerin refined all grades
do
Phthalic anhydride
ALCOHOL
Ethyl alcohol and spirits:
Production
mil lb
mil tax gal
1,154
9,176
2,460
361
9,385
664
864
1,144
9,960
2,608
366
10,230
732
855
See footnotes at end of tables.
do
H
do
91
857
225
34
872
52
73
100
803
207
30
813
58
66
98
849
257
31
882
59
66
90
866
245
30
905
85
72
98
922
254
33
947
80
74
84
964
277
29
1,010
55
75
106
947
229
35
980
65
76
91
941
240
35
981
65
80
95
892
236
32
931
50
70
97
''878
r
242
27
r
919
61
72
81
904
237
32
940
58
75
651
669
59
60
55
53
57
61
55
58
54
48
60
52
657
757
67
63
67
60
65
71
66
65
74
66
'62
72
8,156
3,218
714
3,493
737
3,369
761
3,218
741
3,172
729
3,141
785
3,139
776
3,115
766
3,026
758
2,898
111
2,782
779
2,605
788
2,521
15,776
13,683
1,213
1,238
1,245
1,279
1,326
1,443
1,439
1,405
1,247
1,169
7,091
1,769
7,390
2,728
8,262
33,233
6,618
1,968
7,373
2
2,403
9,950
36,583
604
184
690
226
924
3,287
648
175
702
237
934
3,383
597
160
649
213
952
3,564
592
163
638
217
856
3,154
597
176
683
237
856
3,200
631
180
718
266
963
3,485
618
165
680
244
) 914
3,398
611
182
728
417
912
3,339
565
169
689
275
876
3,264
562
153
660
308
869
3,250
508
164
r
600
277
954
r
3,416
543
177
636
285
958
3,295
13,139
892
5,186
20,337
2,645
11,997
1,218
15,774
844
6,271
22,832
1,982
14,837
804
1,439
582
638
1,815
157
1,206
44
1,501
641
646
1,894
178
1,185
54
1,463
844
457
1,651
137
1,051
78
1,388
867
566
2,344
186
1,432
92
1,455
964
510
1,553
45
899
79
1,531
985
414
2,096
150
1,398
71
1,422
947
538
2,017
, 383
1,091
54
1,425
845
656
2,296
157
1,275
68
1,326
953
365
2,306
236
1,305
161
1,428
812
297
2,342
239
1,115
85
r
l,506
r
821
836
2,425
163
1,375
129
1,491
845
624
2,118
180
1,183
60
"417
1,789
120
1,062
69
262
319
7,154
131
347
285
7,875
97
28
17
840
6
46
14
710
26
40
742
4
34
60
706
21
53
19
790
24
66
41
955
57
84
897
12
87
25
798
9
21
10
381
15
19
17
409
13
48
36
966
11
62
26
876
:
(3)
32
13
745
14
3,828
3,304
88,884 103,859
483,886 579,574
348,548 ^ 347,394
292
10,523
48,795
30,657
315
10,149
48,347
29,512
312
9,445
49,703
28,009
297
9,786
51,116
31,423
347
9,235
49,121
32,128
425
9,417
53,267
35,087
354
9,399
50,002
33,071
405
11,259
52,218
32,689
389
9,768
50,517
31,920
396
9,435
50,758
31,886
327
r
9,017
50,940
'30,410
332
8,996
51,044
28,695
3.2
6.9
15.1
498.8
24.6
74.7
59.9
2.6
6.1
16.7
453.1
24. r
80.1
58.9
2.2
7.7
16.3
462.6
20.9
60.3
70.1
2.6
6.0
15.6
422.1
26.2
86.6
73.3
2.7
7.2
16.3
469.0
25.4
119.1
70.1
2.8
7.3
14.6
500.0
27.0
104.5
77.5
2.9
6.8
14.7
518.7
26.2
103.5
66.7
2.6
7.8
15.1
506.1
20.6
105.6
82.4
2.8
14.9
472.6
25.0
118.2
79.6
2.8
6.2
16.1
470.0
.24.9
105.1
60.4
1.9
6.1
14.9
460.4
24.2
94.5
77.6
3.3
8.5
16.1
510.0
'24.1
101.3
82.6
1
8,614
4,202
1
'23.4
"30.7
'36.3
"39.5
'
235.4
"213.0
1
4,816.5 "5,464.9
229.5
265.4
1
"1,202.1 /
1,137.7
1
684.4 "838.3 '
r
r
l,306
r
r
601.1
95.0
677.5
78.6
54.9
55.7
53.1
70.9
48.0
78.6
49.3
73.5
45.9
57.0
54.1
82.0
58.2
82.7
50.9
97.5
49.7
85.3
48.4
80.5
48.3
72.3
284.9
277.9
41.9
6.6
353 3
355.9
56.0
6.5
26.1
29 3
1.3
7.5
27.2
23.9
1.4
10.3
23.4
26.2
2.3
6,5
29.5
29.7
7.2
11.3
34.2
29.0
3.8
18.2
31.8
32.9
4.2
15.6
28.2
30.9
9.0
15.1
36.5
37.7
13.8
18.5
34.9
37.4
11.2
11.5
31.4
27.1
3.8
15.1
29.4
26.9
5.0
12.5
Denatured alcohol:
Ponsumnt'on ( ithd awals)
F f 1
*
Stocks end of period
86
862
228
34
879
77
71
1,288
25.7
(.
S-20
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
Annual
..
turns
December 1984
1983
1984
IT
1982
1983
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
May
June
July
1324
12403
*378 0
5228
6361
1239
13082
3958
5270
5604
1248
12242
407 8
5091
5256
1093
1183
1 217 3 1 1641
3614
5016
r
4749
4870
5546
457 1
r
7582
r
r
r
8434
r
3598
r
r
8440
r
3656
r
Apr.
Aug.
Sept.
Oct.
CHEMICALS AND ALLIED PRODUCTS—Continued
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
mil Ib
Polyethylene and copolymers
do
Polypropylene
do
Polystyrene and copolymers
do
Polyvinyl chloride and copolymers
do
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly
mil Ib
Paints, varnish, and lacquer, shipments: 0
Total shipments
mil $
Architectural coatings
do
Product finishes (OEM)
do
Special purpose coatings
do ....
1
1
1 397 7 n i 459 6
1328
12 548 0 rl 14 045 3 1257 1
13 5150 n 4 456 9
407 8
11 5 608 6 n 6 254 0
4927
5 397 2 n 6 256 1
4838
25149
22293
70474
30933
24929
1,461.2
78438
33213
2907 4
1,615.1
1180
1 194 4
388 9
4959
441 1
137 4
10886
366 2
4456
3549
1232
128 5
1 194 2 1 194 1
388 1
413 4
4739
4984
4988
5768
1327
1321 5
439 4
530 2
6634
6146
6622
2528
267 7
141.8
5850
2008
250 1
134.1
5102
1769
2180
115.3
2785
127.7
r
6767
r
2563
r
277 1
143.3
r
764 2
r
3087
r
307 9
147.6
669.7
6223
6688
r
6287
r
2225
r
311 1
290 5
156.6
3051
178.5
2989
179.6
1184
12306
5005
5199
5444
r
7894
r
3338
r
2848
170.8
r
8381
r
347.1
r
3048
186.2
7478
284.6
2956
167.6
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production:
Electric utilities total .
mil kw -hr 2 241 211 2 310 285 182 931
By fuels
do
1 931 998 1 978 154 162 184
By waterpower
do . 309,213 332 130
20747
Sales to ultimate customers, total (Edison
Electric Institute) $
mil kw.-hr . 1 2 097 077 1 21 163 419
1 516 261 533 031
Commercial §
\,
do
1
Industrial §
.
do
769 323 '801 136
Railways and railroads. . .
do
4288
4 152
1
Residential or domestic
do .
731,809 1 751 443
1
Street and highway lighting
do
14 214
13974
1
Other public authorities ..
do
55 745
54*469
2
Interdepartmental
do
'5438
5215
Revenue from sales to ultimate customers
1
(Edison Electric Institute) $...
mil $
121 345 1 129 555
GASt
Total utility gas, quarterly
(American Gas Association):
Customers end of period total
thous
48519
48940
Residential
do
44652
45040
Commercial
do
3636
3670
Industrial
do
185
183
Other
do ....
46
46
1
Sales to customers total
tril Btu
12 673
14280
Residential
do
4770
'4495
1
Commercial
do
2471
2 344
Industrial
do ....
6,892
'5688
Other
. . . .
do
148
145
Revenue from sales tci customers total
mil $
63391 ' 64 095
1
Residential
do
23701
26 145
Commercial
. do
11666 1 12 691
Industrial
do
1 24 557
27389
Other
do ....
'702
635
182 949 212319
158 270 180 628
24,678 31,691
216 450 189 498 199 359 180 934
186 710 161 597 168 935 150 984
29,738 27,901 30,425 29,948
191 945 209 425 220 724 229 119
160,131 180,690 193,225 203,983
28,735 27,499
25,137
31,814
532 089
131 159
205 110
916
175,847
3717
13991
1,350
577 912
136 370
205 977
1012
214,948
3689
14,648
1,269
542,212
137 458
211 560
959
171,620
3284
15,745
1,586
31770
34253
33,200
48940
45040
3670
183
46
3428
1258
648
1,481
40
49614
45615
3771
182
46
4791
2207
1054
1,474
56
49348
45378
3,742
182
47
2846
892
463
1,463
29
17049
7198
3417
6 236
198
24893
12434
5740
6443
276
14413
5397
2,565
6316
134
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil bbl
Taxable withdrawals
do
Stocks end of period
do
Distilled spirits (total):
T
ft
Wines and distilling materials:
Effervescent wines:
Production
Taxable withdrawals
Stocks end of period
Imports
Still wines:
Production
Taxable withdrawals
1530
1377
1430
13 62
13 17
1392
1246
11 98
13 26
14 15
1242
1370
1475
1263
14 17
17 72
1532
1524
1665
1488
1555
1859
1667
1587
1847
1723
1567
1864
16.90
1486
1759
16.97
1444
1458
13.66
13.69
13808
119 40
12 28
9 27
8 55
1036
11 99
13 31
13 32
11 76
6 81
482
775
^431 11
551 47
11377
34 34
580 93
1503
43 13
569 00
1097
5045
551 47
11 77
3054
576 46
7 20
3072
577 43
946
3428
54892
7 58
3274
561 07
11 12
34 17
57544
1189
3642
57807
941
3124
56878
1003
56393
862
900
1020
91 25
533 39
7660
7245
48038
81 28
402
511 58
11 26
526
497 23
733
538
48038
866
621
50569
484
882
507 06
684
991
48001
465
972
507 60
780
830
502 14
534
415
503 20
669
303
49816
6.69
490
49366
5.86
5.95
6.94
mil wine gal
do
do
do ....
3101
2918
1300
8.35
37 13
3251
16 11
11.11
3 79
608
1900
121
281
356
17 64
1.48
289
456
16 11
1.72
146
125
1695
1.36
294
95
1770
.80
226
225
1782
.81
235
164
1871
1.02
278
429
1776
1.01
411
199
1902
.86
256
1.09
1996
1.05
3.69
2.64
2054
1.05
1.29
1.53
do ...
do
do
55047
36278
697 52
11379
33
366 22
68647
11983
13957
3232
68305
1097
3565
3407
666 15
1136
1317
3013
68647
1120
666
2590
61908
1129
605
2764
601 11
793
8.45
3310
57431
902
4.07
3384
53935
1080
6.68
3232
50459
949
4.27
3334
46891
950
5.35
2600
43743
1304
63.82
3416
48825
1007
1130
1018
do
19036
17494
4092
1411
592
3.30
228
2.83
2.46
4.83
119
1.75
33.56
2
mil tax er 1 "
mil proof gal
mil tax gal
'1
Imports
Distilling materials produced at
wineries
See footnotes at end of tables.
19502
177 69
13 26
437 66
604 67
10603
Consumption, apparent, for beverage
Stocks end" of neriod
Imports
Whisky:
Production
194 35
17657
13 22
fe1
r
429
r
Nov.
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-21
SURVEY OF CURRENT BUSINESS
December 1984
IT ..
unlls
1983
Annual
1982
1983
Oct.
1984
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
June
May
Aug.
July
Nov.
Oct.
Sept.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter:
Production (factory)
mil Ib
1,257.0
Stocks, cold storage, end of period
do ....
466.8
Producer Price Index **
1967 — 100
226.9
Cheese:
Production (factory) total
.
mil Ib
4,541.7
American, whole milk
do
2,752.3
Stocks, cold storage, end of period
do....
963.5
American, whole milk
do....
880.8
Imports
do
269.3
Price, wholesale, cheddar, single daisies
(Chicago)
$ per Ib
1.684
Condensed and evaporated milk:
Production, case goods
mil Ib
734.9
Stocks, manufacturers', case goods, end of
period
do
51.9
Exports
do
19.3
Fluid milk:
Production on farms
do
135,802
Utilization in manufactured dairy
products
do
79,098
Price, wholesale, U.S. average
$ per 100 Ib ..
13.60
Dry milk:
Production:
Dry whole milk
. mil Ib
102.2
Nonfat dry milk (human food)
do.... 1,400.5
Stocks, manufacturers', end of period:
Dry whole milk
do
6.0
Nonfat dry milk (human food)
do
93.3
Exports, whole and nonfat
(human food)
do. ..
187.8
Price, manufacturers' average selling, nonfat
dry milk (human food)
$ per Ib ..
'.936
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye,
wheat)
mil bu
3,524.8
Barley:
Production (crop estimate)
do.... 2 515.9
Stocks (domestic), end of period, total
do....
414.1
On farms
do ....
289.9
Off farms . . . .
.
do
124.2
Exports, including malt §
.
do....
66.4
Producer Price Index, No. 2 feed,
Minneapolis *
1967 = 100..
162.6
Corn:
Production (crop estimate, grain
only)
mil. bu .. 2 8,235 1
Stocks (domestic), end of period, total
do.... 8,204.7
On farms
do
5,936.0
Off farms
do .... 2,268.7
Exports, including meal and flour
do
1,924.9
Producer Price Index, No. 2, Chicago *
1967=100 ..
193.5
Oats:
Production (crop estimate)
mil. bu .. 2592.6
Stocks (domestic), end of period,
total
do
453.3
On farms
do
378.8
Off farms
do .
74.5
Exports, including oatmeal
do....
5.8
Producer Price Index, No.2, Minneapolis *
1967 = 100..
272.0
Rice:
Production (crop estimate)
mil. bags # .. 2 153.6
California mills:
Receipts, domestic, rough
mil. Ib..
2,912
Shipments from mills, milled
rice
do
1,619
Stocks, rough and cleaned (cleaned basis),
end of period
mil Ib
503
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil Ib.. 11,482
Shipments from mills, milled
rice
do
7,020
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
,.
mil. Ib..
3,170
Exports
do....
5,516
Producer Price Index, medium grain,
milled **
1967 = 100 ..
195.6
Rye:
2
Production (crop estimate)
mil. bu ..
19.5
Stocks (domestic), end of period
do....
10.2
Producer Price Index, No.2,
Minneapolis *
1967 — 100
293.2
Wheat:
2
Production (crop estimate) total
mil bu
2,765
2
Spring wheat
do
691
Winter wheat
do.... 2 2,074
Distribution, quarterly @
do....
2,436
Stocks (domestic), end of period, total
do.... 2,506.2
On farms
do.... 1,150.5
Off farms
do .... 1,355.6
Exports, total, including flour
do.... 1,527.5
Wheat only
do
1,493.6
See footnotes at end of tables.
1,299.2
499.4
226.6
100.5
523.9
228.5
98.1
506.7
228.5
109.6
499.4
221.0
126.0
510.6
218.8
113.0
532.5
219.2
111.1
529.3
220.2
106.2
532.4
220.2
105.9
538.5
221.3
80.3
516.7
227.3
72.8
489.6
242.1
70.6
462.7
227.2
4,818.4
2,927.6
1,204.6
1,099.7
286.2
391.9
222.6
1,234.8
1,131.1
25.8
388.2
217.8
1,214.8
1,110.6
27.5
415.4
236.8
1,204.6
1,099.7
41.4
387.4
231.1
1,202.2
1,096.8
22.1
369.1
221.4
1,219.8
1,116.4
16.7
412.9
247.6
1,217.4
1,117.3
19.2
415.3
250.3
1,182.4
1,081.5
24.2
436.8
269.7
1,208.0
1,103.4
25.4
419.7
257.2
1,193.4
1,089.1
19.5
387.7
230.2
1,185.5
1,078.3
31.8
368.5
206.6
1,147.6
1,045.1
27.1
1.682
1.699
1.699
1.684
1.689
1.689
1.689
1.689
1.689
1.688
1.700
1.721
86.3
374.3
243.1
69.1
426.3
241.3
r
377.6
349.4
196.6
185.2
1,115.0 a,078.4
r
979.8
1,018.0
27.9
25.2
1.759
1.744
334.0
243.3
1,028.0
936.2
1.699
694.2
53.2
60.2
63.2
48.8
44.6
51.2
57.3
60.8
55.4
54.1
53.7
50.5
53.0
46,7
5.6
82.0
.7
56.0
.9
46.7
.7
47.1
.8
50.0
.5
52.8
.6
60.7
.7
78.6
.4
89.7
.4
96.6
.4
102.2
.5
102.9
.9
88.7
1.0
139,968
11,430
11,000
11,395
11,490
10,905
11,741
11,674
12,283
11,832
11,570
11,243
10,827
10,942
10,564
82,501
13.60
6,321
13.80
6,127
13.90
6,435
13.70
6,583
13.60
6,413
13.40
6,971
13.20
6,943
13.10
7,413
13.00
6,925
12.80
6,499
12.90
6,229
13.10
5,634
13.60
5,957
14.00
"14.10
111.2
1,499.9
10.2
102.7
10.5
99.4
9.9
111.1
10.4
111.9
9.2
105.0
11.3
109.2
10.6
113.8
10.0
128.5
12.1
119.8
9.8
111.7
8.3
88.1
10.2
71.7
9.4
72.2
6.4
74.6
4.4
67.9
4.6
63.1
6.4
74.6
5.7
66.0
5.4
62.8
5.8
58.9
5.2
67.0
6.3
74.6
8.6
74.5
8.8
72.9
7.9
58.4
7.1
52.7
6.6
42.9
321.6
36.4
35.6
30.6
29.1
13.1
'9.0
12.9
.8
5.0
5:8
14.3
54.2
28.8
.938
.937
.937
.919
.912
.910
.911
.911
.910
.910
.911
.913
.912
.913
3,440.2
286.6
310.5
320.4
300.9
277.6
313.3
281.6
286.5
226.6
267.9
287.1
367.7
2
2
508.3
367.0
244.4
122.6
71.6
8.1
180.9
225.1
4
i89.2
4
6.0
116.8
'72.4
4.1
4.9
2.1
5.2
583 5
4109
172.5
17.5
236.1
237.8
229.3
186.0
169.9
175.8
6.0
216.6
223.4
172.6
158.4
3,247.3
1,929.8
1,317.5
176.4
174.6
9320
163.0
111.0
128.1
135.3
375.4
106.4
154.2
255.9
246.7
268.1
280.8
274.3
276.9
271.2
254.0
240.0
217.5
9.1
7.8
229.3
199.6
216.6
155.0
196.4
248.4
268.4
277.6
255.8
5
722.3
5
346.9
5
3
2 142 6
3
1210
6
3
7,527.2
.5
.1
3789
322.5
564
.2
.1
.1
270 1
226 8
433
.3
4
181 1
4
151 3
4
.2
298
.1
.3
.2
(7)
4742
3976
766
.2
280.7
269.3
271.5
250.1
253.0
186
191
144
166
76
.2
255.8
286.4
284.2
2,730
451
183
154
296
87
243
226
1,884
99
83
66
181
86
151
136
179
152
116
157
153
478
405
442
478
482
413
461
505
378
331
293
244
183
9,143
1,340
732
930
829
488
522
347
233
142
108
695
2,560
6,289
489
516
504
498
548
562
479
488
479
440
517
610
542
2,703
5,151
2,569
460
2,573
378
2,703
359
2,776
299
2,592
220
2,418
462
1,902
432
1,626
420
1,325
431
984
314
930
384
2,017
566
2,792
331
202.0
205.9
205.9
205.9
205.9
205.9
205.9
205.9
205.9
205.9
205.7
202.8
201.0
252.6
2
276.4
282.1
250.1
267.9
272.9
274.3
1,934
195.8
8
2
27.1
9
5.8
214.8
223.4^
214.8
213.1
210.5
214.8
219.1
223.4
212.6
197.6
185.2
8
2
8
122.9
114.8
104.9
102.3
629
2,326.8
1,015.4
1,311.4
129.3
128.4
120.2
118.3
113.1
111.0
571
1,756.6
771.2
985.4
125:3
118.7
rt
359
4
100.8
94.3
1,398.4
4
591.6
4
806.7
119.2
111.7
110.5
104.8
137.3
133.3
146.7
146.0
6
1,250
2,723.8
1,200.0
1,523.8
243.5
242.4
195.4
30.2
176.1
180.4
2
2,420
2
432
1,988
2,605
2,326.8
1,015.4
1,311.4
1,488.3
1,407.6
216.3
*141.0
99.7
210.7
181.8
«472.5
477.1
378.9
322.5
56.4
2.8
9.0
180.1
8
4,907 4
3074 1
1,8333
175.2
605.7
268.4
1691
993
11.2
367.0
2444
1226
15.6
4 166 1
4,907.4
3,074.1
1,833.3
1,876.5
2
302.8
8
2,570
«534
2,036
139.5
136.9
184.7
S-22
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
..
umis
December 1984
1984
1983
Annual
IT
1982
1983
Nov.
Oct.
Jan.
Dec.
Apr.
Mar.
Feb.
Aug.
July
June
May
Nov.
Oct.
Sept.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat— Continued
Producer Price Indexes: *
Hard, winter Ord, No.l, Kans. City
1967 = 100..
240.8
237.2
Spring, No. 1, D.N. Ord, Minneapolis
1967 = 100..
221.5
228.3
Wheat flour:
Production:
Flour $
thous sacks {100 Ib )
297,288 306,066
Millfeed $
thous sh tons
5,537
5,562
Grindings of wheat $
thous. bu.. 667,841 686,983
Stocks held by mills, end of period
thous. sacks (100 Ib.)..
4,276
3,805
Exports
.
do
14,518
34,628
Producer Price Index *
6/83 = 100 ..
POULTRY AND EGGS
Poultry:
Slaughter
mil. Ib..
15,146
15,547
Stocks, cold storage (frozen), end of period,
total
mil. Ib..
345
281
Turkeys
do
204
162
Price, in Georgia producing area,
live broilers
$perlb..
.250
.270
Eggs:
Production on farms
mil. cases §..
193.6
189.2
Stocks, cold storage, end of period:
Shell
thous cases §
34
13
Frozen
...
mil Ib
25
12
Price, wholesale, large (delivered; Chicago)
$ per doz..
.668
.727
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
.
thous animals..
2,729
2,798
33,907
34,816
Cattle
do....
Prices, wholesale:
Beef steers (Omaha)
$ per 100 Ib
64.22
62.52
Steers, stocker and feeder
62.79
(Kansas City)
do ....
61.39
77.70
72.97
Calves, vealers (So. St. Paul)
do....
Hogs:
Slaughter (federally inspected) thous. animals .. 79,328 84,762
Prices:
Wholesale, average, all weights (Sioux City)
$per!001b..
55.21
47.73
Hog-corn price ratio (bu. of corn equal in
value to 100 Ib. live hog)
22.4
16.6
Sheep and lambs:
Slaughter (federally inspected) thous. animals..
6,273
6,412
Price, wholesale, lambs, average (Omaha) $
$per 100 Ib..
53.03
54.74
MEATS
Total meats (excluding lard):
Production
mil Ib
37,266
38,974
Stocks, cold storage, end of period
do ....
554
679
Exports (meat and meat preparations)
do
1,566
1,449
Imports (meat and meat preparations)
do
2,015
2,031
Beef and veal:
Production total . .
.
do
22,789
23,487
Stocks, cold storage, end of period
do...,
302
334
Exports
do
540
571
Imports
.
do
1,446
1,382
Price, wholesale, beef, fresh, steer carcasses,
choice (600-700 Ibs.)
(Central U S )
$ per Ib
1.013
.978
Lamb and mutton:
Production total
mil Ib
356
368
j3
Stocks, cold storage, end of period
...do ....
11
Pork (excluding lard):
Production total
do
14,121 15,120
Stocks, cold storage, end of period
do ....
219
301
Exports
do...,
282
251
Imports
do...,
498
555
Prices:
Producer Price Index, Hams, smoked
1967 = 100..
306.3
292.6
Fresh loins, 8-14 Ib. average,
wholesale ( N Y )
$ per Ib
1.277
1.159
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
194.2
Imports (including shells)
thous. Ig. tons .
181.0
Producer price, Accra (New
York)
$ per Ib
.924
1.082
Coffee:
16,449
17,416
3,372
From Brazil
do
3,418
Producer price, Santos, No. 4
1.420
1.400
(N.Y.)
$ per Ib.
Fish:
Stocks, cold storage, end of period
mil. Ib.
383
425
See footnotes at end of tables.
231.5
228.8
229.2
229.8
219.2
229.1
236.2
228.0
230.4
219.9
225.9
235.6
231.9
229.8
198.9
200.5
202.7
97.6
238.4
235.8
232.7
230.2
222.3
231.9
236.7
243.2
243.2
240.3
206.0
26,125
474
58,366
24,923
456
56,246
24,464
443
54,997
24,766
445
55,695
25,482
465
57,537
25,931
472
58,388
24,076
438
54,011
26,630
487
60,139
24,306
435
54,611
22,847
416
51,763
'26,025
477
'59,165
24,393
441
55,205
3,469
98.4
1,122
96.6
3,805
395
96.1
830
96.4
883
95.8
3,780
2,842
97.0
2,802
99.3
3,213
98.8
3,763
2,457
100.6
1,716
r
99.5
285
96.8
3,833
475
96.9
1,131
97.3
1,368
1,269
1,263
1,442
1,324
1,579
r
1,544
1,266
1,172
1,208
1,168
1,393
1,394
601
460
376
252
281
162
277
161
251
146
260
149
265
142
302
181
352
226
418
278
476
331
527
391
.280
.325
.335
.360
.365
.365
.340
.310
.315
.346
.280
15.8
15.5
16.0
15.8
14.8
16.1
15.7
15.9
15.3
15.9
16.0
18
13
13
12
28
11
17
11
36
12
35
13
41
13
42
16
29
18
31
17
45
14
r
554
'415
333
200
.310
.275
.285
15.6
16.3
23
17
'37
18
35
16
.704
.779
.884
.986
1.123
1.026
.883
1.018
.743
.681
.690
.665
.672
.607
259
3,099
266
2,899
262
2,994
253
2,951
236
2,836
264
2,954
226
2,728
233
3,169
218
3,062
255
2,996
292
3,260
245
2,903
282
3,313
59.58
59.41
62.85
67.08
67.07
68.60
67.86
65.89
64.28
65.79
64.36
62.68
60.85
64.24
56.97
66.75
58.12
67.50
61.00
67.50
64.39
64.94
65.97
77.50
66.30
77.50
64.15
77.50
60.82
78.00
59.28
75.47
62.17
58.12
61.34
52.50
62.01
52.50
62.74
53.75
63.96
50.00
7,829
8,152
7,515
6,947
6,591
7,578
6,953
7,153
6,392
5,800
6,627
6,439
7,908
41.64
38.81
46.53
50.14
46.68
47.36
48.69
48.22
50.04
54.25
52.57
47.86
45.01
48.55
12.8
11.8
14.0
15.4
14.6
14.3
14.3
14.1
14.5
15.8
16.2
16.0
16.5
18.2
510
536
540
548
586
592
558
500
511
561
528
588
51.75
56.00
57.75
60.50
58.75
58.75
60.50
62.25
61.75
61.50
62.76
63.58
63.35
62.98
3,523
577
3,472
668
3,383
679
3,218
693
3,092
708
3,349
738
3,079
778
3,409
819
3,204
776
3,043
714
3,360
628
3,111
646
3,670
r
675
701
127
134
119
112
104
134
106
114
103
128
119
123
139
169
123
104
180
167
171
198
161
128
209
198
189
226
1,942
328
57
112
2,226
'337
60
149
.944
.924
580
2,103
287
53
112
1,974
325
59
71
2,002
334
43
54
1,952
349
50
118
1,894
343
47
108
1,977
336
67
107
1,812
334
46
113
2,098
321
49
81
2,022
311
36
60
1,974
310
59
123
2,155
298
56
120
.912
.916
.998
1.057
1.029
1.051
1.035
.996
.985
1.013
.976
35
8
34
9
31
(
27
8
28
8
31
29
<
1,281
438
18
74
1,156
405
14
62
1,040
345
16
78
1,175
269
13
69
1,139
257
12
67
1,411
'276
21
ftQ
32
9
29
10
32
8
30
11
31
8
1,165
312
16
52
1,338
351
18
56
1,233
390
19
75
33
r
8
359
.991
8
1,388
240
23
50
1,468
295
23
4^
1,350
301
23
43
1234
295
18
53
283.0
284.7
303.9
288.6
283.0
279.6
286.9
286.3
283.8
286.5
294.8
295.0
293.6
313.1
1.062
.954
1.070
1.246
1.152
1.072
1.112
1.141
1.150
1.342
1.246
1.198
1.072
1.037
5.3
7.7
8.2
15.5
21.3
28.7
16.9
24.7
15.3
13.3
10.8
10.4
5.0
1.108
1.150
1.270
1.320
1.340
1.335
1.283
1.350
1.285
1.215
1.170
1.210
1.250
1,685
307
1,380
240
1,253
265
1,598
279
1,299
149
1,440
267
1,905
313
1,615
315
1,059
193
1,722
377
1,735
510
1,432
408
1,614
453
1.430
1.430
1.430
1.430
1.430
1.430
1.430
1.430
1.430
1.430
1.430
1.430
1.430
415
425
406
344
324
323
342
378
38
'418
"395
417
368
283
1.260
1.430
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-23
SURVEY OF CURRENT BUSINESS
December 1984
IT
u
.,
1982
1984
1983
Annual
1983
Oct.
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
June
May
July
Aug.
Nov.
Oct.
Sept.
FOOD AND KINDRED PRODUCTS; TOBACCO—Cont.
MISCELLANEOUS FOOD PRODUCTS— Cont.
Sugar:
Exports raw and refined
sh tons
Imports raw and refined
thous sh tons
Producer Price Indexes: *
Raw (cane)
1967 — 100
Refined
12/77 = 100 ..
Tea, imports
thous Ib
TOBACCO
Leaf:
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers',
end of period
do
Exports incl scrap and stems
thous lb
Imports, incl scrap and stems
'
do
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt...
millions
Taxable
do
Cigars (large), taxable
do
Exports, cigarettes
do ....
58512
2 616
207 871
2 915
2784
161.0
182 613
3159
172.1
170 451
'1994
'1428
5367
562 260
295 740
5357
509 828
316 917
82078
614 017
3056
73,585
69680
597 464
3030
60,698
27,266
29866
16 605
31 825
28400
33940
30094
32915
37 144
19892
12019
15,985
14,022
322
333
253
269
358
278
299
204
174
247
212
168
259
312.6
172.8
14,169
309.6
172.0
20,946
3149
175.1
16531
314 1
173.9
13600
3116
173.8
15631
3094
174.7
15599
3156
173.4
15956
3148
174.6
20235
3153
174.5
18,031
3145
175.4
17546
3155
174.8
12803
r
311 1
174.3
12,023
3154
174.2
22,287
2
r
40165
43619
5210
43329
40005
32400
27690
5,186
39,148
33,184
26476
26321
14831
49558
18,351
36,888
5,362
46,797
5,308
5,617
11 533
51706
35975
87912
37916
5743
49628
5603
53075
5374
43212
5243
49948
4790
44582
5745
50788
5341
47415
5172
50315
5080
57741
6091
44,541
272
271
224
243
226
246
217
267
284
205
4,941
5,190
5,171
3,775
4,366
4,893
5,081
3,557
4,802
4,895
5,731
53,152
r
276
3,885
14046
11219
41984
29786
1,736
4987
28857
22928
5357
60302
22646
306.2
171.6
67,982
33,937
261
LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather
thous so ft
159 804 155 808
Price, producer:
Sole, bends, light.
index 1967 — 100
LEATHER MANUFACTURES
Footwear:
Production, total Q
thous pairs r4359 107 r344 265
Shoes, sandals, and play shoes,
except athletic
thous pairs r4r4285 200 r268 991
Slippers....!
do
54 041 r56 215
r4
Athletic
do
19866 19
059
r4
r
Other footwear
do
6,396
5696
Exports
do
7717
6158
Producer Price Indexes:
Men's leather upper, dress and casual
12/80=100..
105.2
107.0
Women's leather upper
1967 = 100..
'223.4
215.8
Women's plastic upper
12/80=100..
97.9
100.7
14027
r
r
12 400
9412
13624
13 015
17787
14772
19514
14294
12907
29 368
r
r
25 210
26690
28458
29565
27 115
27956
24074
20277
r
25,456
21,948
22
623
r
5511
1234
r
505
r
r
20
297
r
3478
1435
r
338
20884
4616
1 190
22185
5216
1057
22800
5360
1405
21294
4737
1084
21809
5 070
1077
18703
4614
16700
2978
18 580
5579
1,297
16175
4729
1,044
28 038
21
152
r
5'619
1267
r
387
539
454
394
231
361
108.0
224.6
102.9
107.4
224.3
102.9
107.4
220.0
100.5
108.2
221.7
102.3
303
344
367
450
108.5
222.9
102.8
108.1
224.1
102.7
320
468
107.9
218.0
105.1
295
675
757
327
461
599
352
486
107.6
218.1
105.1
107.6
215.2
105.1
473
581
435
594
683
108.1
r
215.6
102.0
108.9
216.4
102.0
109.1
216.3
101.5
108.8
216.6
102.5
104.1
216.5
101.4
LUMBER AND PRODUCTS
LUMBER— ALL TYPES #
National Forest Products Association:
Production, total
mil bd ft
Hardwoods
do
Softwoods
do
Shipments, total
do
Hardwoods
.
do
Softwoods
do
Stocks (gross), mill, end of
period, total
*
do
Hardwoods
do
Softwoods
do
Exports, total sawmill products
do ...
Imports, total sawmill products...
do....
SOFTWOODS
Douglas fir:
Orders new
mil bd ft
Orders, unfilled, end of period
do
Production
do
Shipments
do
Stocks (gross), mill, end of period.
do
Exports, total sawmill products
do
Sawed timber
do
Boards, planks, scantlings, etc
do ....
Producer Price Index, Douglas fir, dressed t
1967 = 100.:
See footnotes at end of tables.
3
3
31 479
3
5721
25758
3
31 358
3
5 896
25462
2787
2504
502
493
2 285
2795
2 Oil
2404
2306
480
404
1924
5745
1766
3,979
5866
1591
4275
5862
1562
4300
9,421
12293
5976
7 864
5743
5793
7934
7 802
25 795
4 774
21021
3
25 960
3
4 935
21025
3
2 678
2983
2828
2685
2933
491
538
497
563
2776
484
3 104
2968
454
2286
2 589
2 194
2 603
2 617
3 022
2 522
2875
2337
2 852
2188
2756
2232
2688
491
506
529
520
2 041
2137
2 124
470
2370
2950
468
2430
2993
2 532
2407
2361
2487
2286
2421
2168
5964
1 577
4387
5866
1 591
4275
6 021
1 597
4 424
6097
1 603
4 494
6 178
1 576
4*602
6 287
1570
4717
6 283
1 568
4715
6 257
1 599
4658
6 186
1626
4560
6176
1667
4,509
6265
1692
4,573
1 118
1092
885
941
1 135
1 108
1098
1073
1 172
1,202
1,191
1,298
667
623
702
682
550
597
603
576
768
756
735
686
881
820
850
826
656
701
793
775
694
658
631
668
1088
1 130
1 127
1093
1056
1,023
38
10
28
44
9
35
57
13
44
60
22
39
50
12
37
52
10
42
49
11
39
663
594
653
727
982
40
10
30
662
649
648
607
1 112
620
627
691
694
761
632
722
756
1043
655
765
691
646
322.8
351.7
369.7
364.3
335.8
322.8
307.8
309.2
312.5
489
416
1 929
2445
994
569
129
439
1033
1060
48
H
37
46
5
40
715
674
572
638
994
43
8
34
361.5
332.0
318.7
324.7
612
674
862
471
125
345
266.2
2740
2345
r
452
479
487
490
461
544
681
603
654
727
950
45
19
26
301.9
312.7
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
1983
Annual
., .,
1982
December 1984
1984
Nov.
Oct.
1983
Dec.
Jan.
Apr.
Mar.
Feb.
Nov
Oct.
Sept.
Aug.
July
June
May
LUMBER AND PRODUCTS—Continued
SOFTWOODS— Continued
Southern pine:
1
1
Orders, new
mil. bd. ft
6 821
6 014
556
Orders unfilled end of period
do
438
Production
do
'6637
'6
186
1
IQ
703
Shipments
do
5 996
Stocks (gross), mill and concentration yards,
1,408
end of period
mil. bd. ft ..
1,474
Exports, total sawmill products
thous. bd. ft .. 245,221 217,660
Producer Price Index, southern pine,
dressed t
1967 = 100 ..
319.9
285.9
Western pine:
Orders, new
mil. bd. ft..
8,350
6,880
410
324
Orders unfilled end of period
do
8488
Production
do
6681
8264
Shipments
do
6775
1,279
1,055
Stocks (gross), mill, end of period
do....
Producer Price Index, other softwood,
r
403.2
3560
dressed t
1967-100
HARDWOOD FLOORING
Oak:
8.6
4.8
Orders, unfilled, end of period
mil. bd. ft ..
989
750
Shipments
do
5.5
12.0
Stocks (gross), mill, end of period
do....
628
506
586
625
502
489
536
519
537
556
471
470
513
522
577
547
577
498
610
601
677
544
661
652
570
514
626
600
662
542
615
634
660
589
636
613
612
603
605
598
614
590
657
627
543
557
617
576
1,390
16,349
1,407
20,326
1,408
17,001
1,438
9,648
1,447
17,975
1,479
14,273
1,505
18,136
1,486
19,520
1,509
19,159
1,516
12,378
1,546
11,898
1,586
14,283
313.5
316.2
328.2
334.0
337.8
336.1
334.5
320.4
317.1
'318.8
317.9
308.3
305.5
761
445
758
759
1,268
610
431
662
624
1,306
692
410
686
713
1,279
731
466
719
675
1,323
634
470
650
630
1,343
804
457
866
817
1,392
756
422
863
791
1,464
740
396
759
766
1,457
811
373
788
834
1,411
791
407
716
757
1,370
764
378
781
793
1,358
764
413
699
729
1,328
816
436
788
793
1,323
382.4
382.6
394.2
394.0
417.2
425.1
416.8
393.1
385.4
365.9
368.8
362.7
360.9
7.3
90
4.8
6.7
81
4.7
8.6
73
5.5
9.1
86
3.9
9.0
8.5
4.0
9.2
9.3
3.8
8.9
8.9
5.0
8.2
7.5
3.7
7.0
10.7
4.0
6.9
10.3
4.1
7.0
9.9
4.3
10.4
94
3.7
10.4
9.5
3.7
r
302.3
367.8
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons ..
Pig iron
Imports:
Steel mill products
Scrap
Production
Receipts, net
Consumption
Iron and Steel Scrap
•
thous sh tons
do
do
Prices, steel scrap, No. 1 heavy melting:
Composite
$ per Ig. ton..
Pittsburgh district
do....
Ore
Iron ore (operations in all U.S. districts):
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
Exports (domestic)
Stocks, total, end of period
At mines
do
do....
do
At U S docks
do
Manganese (manganese content),
general imports
do..
v
Pig Iron and Iron Products
Pig iron:
Production (including production of
ferroalloys)
.
.
thous sh tons
Consumption
... do
Stocks end of period
do
Producer Price Index basic
6/82 — 100
Castings, gray and ductile iron:
Orders, unfilled, for sale, end of period
thous sh tons
Shipments total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous sh tons
Shipments, total
.
do
For sale
do
See footnotes at end of tables.
80
683
22
73
606
( )
90
899
1
86
954
13
90
957
11
94
852
1
76
702
1
86
924
2
2,082
53
49
2,161
60
55
2,224
61
45
2,216
50
62
1,998
48
24
1,776
40
121
2,656
41
67
2,515
43
88
2,182
46
37
1,986
43
67
2,247
2,804
5,086
5 838
2,442
3,128
5,709
5 647
2,499
3,592
5,932
5 789
2,866
3,730
6,460
5892
2,734
3,476
6,256
5861
2,859
3,470
6,393
5757
2,733
3,157
5,820
5755
2,510
3,089
5,662
6016
r
2,376
r
2,732
r
5,143
r
5,613
2,180
2,637
4,947
5,509
63.64
85.00
78.56
91.50
84.68
98.00
89.89
103.00
88.81
100.50
87.34
102.00
86.68
102.00
82.30
95.00
76.82
86.50
74.46
82.50
77.96
87.50
79.51
89.00
3 207
4 749
1934
2729
5 131
1374
2 611
4 053
1 531
3 145
1 142
600
4 303
1 251
811
4 877
1477
418
4 946
3655
1,238
5733
6248
1,457
5513
6095
1,627
5 143
7265
2,525
4,053
5,904
1,545
3,888
4,695
2,215
1,545
6265
6244
5509
1 159
1 556
1,841
5,148
7,919
7,871
9,071
7,950
5,926
6489
701
27,395
13 187
12 391
1 817
5632
470
29,177
12,608
14 610
1,959
5501
932
30,900
10,479
18218
2,203
5,222
487
-31,564
8,628
20880
2,056
4,554
869
32,211
7,834
22,181
2,195
52
31
37
4,057
4,143
r
400
100.2
3,473
3,537
403
100.3
3,739
84
751
1,199
7 520
6
110
575
1
16 663
474
322
17070
641
233
1755
49
40
1,835
62
14
1,730
52
74
27 127
520
56,386
6 418
27 149
32557
61,782
5 807
2467
2,988
5,545
5 837
2,428
3,008
5,375
5 944
61 51
6671
6724
76.92
72.69
82.50
'35 433 1 37 562
'35 756 1 44 596
13246
14 501
do
do
. . do
73
663
2
114
671
1,842
6 804
54
1
1
27
1
1
49872
57 197
(2)
86
626
(2)
(2)
2
6415
169
26,220
13 697
10 949
1 574
55 233
3 178
52,621
12 129
29 923
5 750
61 220
'3781
32,567
3209
25 494
3 174
5 667
218
34,729
7769
23 922
3 038
5 242
1
33,831
5369
25 061
3 401
5 125
'682
32,567
3899
25 494
3 174
5 517
155
30,118
5944
21 047
3 127
5 670
113
28,364
8996
16 857
2 511
477
483
56
39
35
39
63
33
64
33
68
46
'43
136
1
44 409
580
48741
'49213
459
100 1
4 317
4336
504
98 1
4 119
4,128
488
999
4084
^4034
459
999
4310
4,367
447
1005
4497
4,467
414
1005
5083
5,079
397
100.2
5077
5,063
394
100.5
5,166
5,182
397
100.1
4,565
4,604
419
100.5
4,329
4,415
489
101.(
536
8215
4641
637
9309
5448
590
887
521
603
812
474
637
711
400
889
494
905
510
926
527
918
537
1,004
588
931
56(
81"
51}
944
63(
14
284
119
18
293
92
25
27
Q
22
27
10
18
27
30
13
31
13
33
12
28
11
3(
12
3L
9
3;
g
6 391
46
26,288
12396
12 238
1 654
If
8
13
r
1(
,
77.19
81.00
386
100.2
100.3
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-25
SURVEY OF CURRENT BUSINESS
December 1984
Annual
,, .
1984
1983
v lls
1982
1983
Oct.
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
Sept.
Aug.
July
June
May
Oct.
Nov.
METALS AND MANUFACTURES—Continued
Steel, Raw and Semifinished
Steel (raw):
Production
thous. sh. tons ..
Rate of capability utilization
percent
Steel castings:
Orders, unfilled, for sale, end of period
thous. sh. tons ..
Shipments, total
do
For sale total
do
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....
Bars and tool steel total
do
Bars: Hot rolled (including
light shapes)
do....
Bars: Reinforcing
do
Bars: Cold finished... .
do
Pipe and tubing
do ...
Wire and wire products
do
Tin mill products
do
Sheets and strip (including electrical),
total
"
d
o
Sheets: Hot rolled
do
Sheets- Cold rolled
do
By market (quarterly):
Service centers and distributors
do ..
Construction, incl. maintenance
do....
Contractors' products
do
Automotive
do
Rail transportation
'
do
Machinery, industrial equip tools
do
Containers, packaging, ship,
materials
do
Other
.
do
Steel mill shapes and forms, inventories, end
of period— total for the specified sectors:
mil sh tons
Producing mills, inventory, end of period:
Steel in process
mil sh tons
Finished steel
do
Service centers (warehouses), inventory, end
of period
mil sh tons
Consumers (manufacturers only):
Inventory end of period
do
Receipts during period
do
Consumption during period
do
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous met tons
Recovery from scrap "j"
do
Imports (general):
Metal and alloys, crude
.. .. do
Plates, sheets bars etc
do
Exports:
Metal and alloys crude
do
Plates, sheets, bars, etc
do .
Price, U.S. market, 99.7% purity * $ per Ib
Aluminum products:
Shipments:
Ingot and mill prod (net ship )
mil Ib
Mill products total
do
Sheet and plate
do
Castings
do
Inventories, total (ingot, mill products, and ,
scrap) end of period
mil Ib
Copper:
Production:
Refinery, primary..
do.
From domestic ores
do
From foreign ores
do
Secondary, recovered
as refined
* do
Imports (general):
Refined, unrefined,
scrap (copper cont.)
do....
Refined
do
Exports:
Refined and scrap
do
Refined
do
Consumption, refined
(by mills etc )
thous sh tons
Stocks refined end of period
do
Price, electrolytic (wirebars), dom., delivered
$ per Ib
See footnotes at end of tables.
1
6087
7,263
58 7
6,991
54 7
7,970
69 6
8,142
76 0
9,056
79 1
8,997
80 8
9,174
79 8
7,945
71 4
7,460
65 3
6,915
605
161
1017
916
142
727
667
144
67
65
142
69
64
142
67
61
70
66
71
67
84
78
85
78
87
80
87
81
71
66
87
82
61 567
67 584
6 078
6 014
6 269
5 980
6 150
7 239
5399
6 948
6686
5820
6033
3408
3899
365
358
374
349
402
463
389
434
367
350
357
r
333
3424
4 136
782
9440
'3448
3832
883
7
11 666
306
362
74
1 146
338
366
83
1018
320
381
87
1009
319
402
111
1089
372
431
113
1202
347
419
96
1 141
320
330
98
1034
282
345
99
1,143
r
314
304
98
977
349
342
102
1,139
6,285
M138
1 197
3,242
1384
4308
623
405
114
305
119
325
569
331
113
309
109
313
578
320
106
303
99
402
697
445
147
366
129
345
616
337
131
354
109
334
655
401
140
408
110
381
603
401
131
407
104
370
451
364
114
367
98
349
638
378
122
392
100
380
'510
358
105
316
98
340
618
396
121
381
100
304
34792
11619
13 781
3075
1051
1 192
3 120
1061
1239
3294
1049
1 366
3689
1,316
1394
3364
1208
1 275
3497
1,286
1 294
3435
1,270
1 248
2,875
1,073
1 010
2,935
1,050
1,054
2,675
922
991
3,037
1,057
1,123
i
4,857
3526
1013
5,026
1332
4321
343
352
108
1 010
335
378
120
1027
585
299
121
303
116
322
620
276
125
321
115
307
3077
1,076
1 155
3 147
1 127
1217
408
421
122
1 297
332
12 972 ; 15 713
6,260
6,276
2290
2597
1
9 295
12087
1030
918
2582
2320
4384
1,643
660
3598
258
638
4,850
1,553
663
3,223
311
728
4,760
1,746
674
3,371
293
803
3,696
1,523
638
3,020
253
662
4471
20 883
1 105
6092
1049
6993
1 216
7,240
1,139
6,375
r
7
4532
23011
r
222
239
81
53
r
71
57
47
25 1
r
248
r
239
76
62
82
60
57
55
41
r
549
r
56 7
54
r
48 1
r
46 8
r
54
r
36
r
r
3 274
'1666
3 353
1 773
;
6163
J
r
24 4
56
57
r
r
35
r
r
54
r
31
r
31
320
151
318
151
7149
2097
582
277
3607
1666
.6821
12 039
9027
5329
1 306
6180
r
3640
'1896
.4680
25 3
r
25 4
60
58
266
r
260
78
62
66
64
r
268
26 1
80
61
77
60
62
62
63
4.5
42
6.2
4.7
38
82
60
66
65
r
r
210
1,110
89
228
299
2,225
350
145
347
139
365
146
351
134
349
141
344
144
329
134
949
413
1143
49 7
688
38 1
1088
390
73.9
432
66.8
584
68.0
47.8 "
89.9
38.1
93.0
49.0
24 5
202
.7613
201
21 5
.7334
199
21 8
.7156
76
159
.6821
234
176
.6468
240
20.5
.6317
22.1
18.4
.5607
37.5
21.2
.5438
23.9
19.2
.4845
17.9
19.7
.5014
1 318
943
590
132
1 186
928
548
155
1 366
930
551
152
1 509
1 083
665
165
1 199
'935
539
146
1 366
'995
587
157
1 343
962
583
151
1 144
891
542
124
1r 241
929
550
144
-1,150
840
478
5 191
4994
5 176
5229
5 305
5435
5579
5618
5775
r
r
r
89 0
947
81 8
129
91 4
953
84 1
11 2
86 3
994
89 0
10 4
94 3
1070
95 3
11 7
86 8
1066
94 4
123
93 7
110.6
100 0
106
97 0
106.8
983
86
870
101.9
930
8.9
878
92.2
838
8.4
340
148
342
135
324
141
636
22 2
403
223
709
33 3
274
150
.7505
508
143
.7337
24 1
148
.7515
14 103
10623
6 345
1 500
1 196
904
524
134
1 204
'885
518
140
4994
5273
r
35
93 7
960
80 2
158
51
r
59
39
40
r
60
41
40
r
r
267
77
60
1,400
r2
527
r2
r
37
89 6
939
79 6
142
r
7g
60
2
59
37
37
41
38
1 139 6 1 038 1
1 227 1 l'l82'l
1 064 8 1 003 7
'1622
178 4
25 9
62
r
r
r
73
60
72
61
60
44
4i
1764
1
r
7i
58
71
57
54
r
1
5454
7,692
60 2
27914
9052
11 132
1
6,703
584
83,379
55 4
1
;
6,378
577
74,577
48 4
57
32
35
60
3.8
35
5,794
5,919
5702
1
518.7
'2598
714.7
4864
47.6
307
40.3
30.0
39.3
21.6
73.7
56 1
46.0
31 8
65.5
510
72.9
60.3
52.3
43.5
57.9
49.6
73.6
63.0
41.5
33.6
40.0
29.1
60.8
51.9
'381 1
35 0
277 2
87 5
280
14 2
103
2g
25.4
11 2
395
17 5
359
14 4
305
89
32.5
68
40.8
14 7
47.8
16
55.5
14 0
17.1
23
16.1
22
24.8
19
7926
7239
6958
7080
6879
7075
7531
7739
7223
6985
6440
6454
1 790
'668
7431
.6341
.5508
S-26
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
Annual
,, .,
units
1982
December 1984
1984
1983
1983
Nov.
Oct.
Jan.
Dec.
Mar.
Feb.
June
May
Apr.
Aug.
July
Sept.
Nov.
Oct.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS— Continued
Copper-base mill and foundry products,
shipments (quarterly total):
Brass mill products
mil Ib
Copper wire mill products
(copper content) ..
do
Brass and bronze foundry products
do ....
Lead:
Production:
Mine, recoverable lead
thous. met. tons..
Recovered from s,crap (lead cont.)
do
Imports (general), ore (lead content),
metal
do
Consumption, total
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. met. tonsRefiners' (primary), refined and antimonial
(lead content)
thous met tons
Consumers' (lead content) C)
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous met tons
Price, common grade, delivered
$ per Ib..
Tin:
Imports (for consumption):
Ore (tin content)
metric tons
Metal, unwrought, unalloyed
do....
Recovery from scrap, total (tin cont.)
do....
As metal
do
Consumption total
do
Primary
do
Exports, incl. reexports (metal)
do....
Stocks, pig (industrial), end of
period
do
Price, Straits quality (delivered)
$ per Ib..
Zinc:
Mine prod., recoverable zinc
thous. met. tonsImports (general):
Ores (zinc content)
.
do
Metal (slab blocks)
do
Consumption (recoverable zinc content):
Ores
do
Scrap all types
do
Slab zinc: @
Production, total $
thous met tons
Consumption fabricators
do
Exports
do
Stocks, end of period:
Producers', at smelter (ABMS)
do....
Consumers'
do
Price Prime Western
$ per Ib
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic), net, qtrly #
mil $..
Electric processing heating equipment
do....
Fuel-fired processing heating equip
do
Material handling equipment (industrial):
Orders (new), index, seas, adj
1967 = 100 ..
Industrial supplies, machinery and equipment:
New orders index seas adjusted
1977 100
Industrial suppliers distribution:
Sales index, seas adjusted
1977 — 100
Inflation index, not seas. adj. (tools, material
handling equip., valves, fittings, abrasives,
fasteners metal products etc )
1977 100
Fluid power products shipments indexes:
Hydraulic products, seas, adj
1972 = 100.
Pneumatic products, seas, adj
do...
Machine tools:
Metal cutting type tools:
Orders new (net) total
mil $
Domestic
do
Shipments, total
do
Domestic
do
Metal forming type tools:
Orders, new (net), total
Domestic
Shipments, total . . . .
Domestic
Order backlog end of period
See footnotes at end of tables
do...
do
do
do
do
2,014
2,393
456
1
'512.5
' 571.3
2,116
3
735
3
2,285
422
3
725
3
3
449.0
504.1
50.1
58.8
1,075.4 '1,148.5
42.6
48.6
46.2
47.6
20.9
48.5
24.0
46.6
12.2
46.7
24.8
44.5
23.4
50.0
5.2
102.7
6.1
121.4
12.8
112.7
5.1
94.1
8.1
96.8
6.6
89.5
3.1
87.3
8.0
96.4
2.4
82.7
3.3
97.3
11.4
86.9
86.8
6.4
112.3
7.2
69.1
66.7
74.5
77.9
82.9
89.8
85.6
75.7
65.9
65.8
70.6
56.3
68.9
51.9
70.3
58.2
71.7
62.7
67.4
69.4
72.1
73.5
72.7
78.1
74.4
80.5
69.3
80.0
73.1
82.9
73.0
75.6
72.4
33.5
.2554
32.8
.2168
30.3
.2538
32.3
.2515
32.8
.2446
35.0
.2512
37.0
.2407
34.3
.2503
31.1
.2643
30.9
.2537
28.9
.2816
34.2
.3051
30.0
.2824
969
34,048
12,372
1
1,180
55,800
40,400
3,552
71
3,671
830
181
4,800
3,500
298
207
2,147
892
224
4,400
3,200
260
169
3,225
835
227
4,800
3,100
280
70
3,556
856
157
4,600
3,400
278
60
4,661
968
156
4,300
3,200
446
747
3,344
1,127
186
5,300
4,100
141
75
5,375
1,043
169
3,900
3,100
375
745
3,907
1,065
190
4,500
3,500
246
354
3,356
902
190
4,400
3,500
303
43
2,184
736
182
4,100
3,200
216
704
3,510
1,073
201
4,400
3,400
239
381
2,834
37
3,271
4,100
3,100
'351
150
3,020
6.5475
3,074
6.4683
3,180
6.4902
3,020
6.3080
2,963
6.2374
2,268
6.2788
2,840
6.3665
2,646
6.3650
3,119
6.3632
2,795
6.3825
2,688
6.2989
2,837
6.2600
2,495
6.1808
'275.3
'23.9
'21.9
'21.7
26.9
21.8
22.7
19.9
19.2
16.2
12.7
51.0
6.1
53.2
8.0
55.2
2.4
32.6
1
23.2
25.0
9.5
36.9
8.2
61.4
23.0
'23.1
49.3
456.1
'62.2
613.4
2.7
64.0
4.1
66.6
10.0
59.2
1.4
67.2
3.5
71.4
2.5
60.1
2.2
65.8
53.1
208.1
52.9
190.2
3.4
17.4
6.0
18.1
5.7
17.4
5.8
17.2
5.3
16.8
5.6
18.1
6.1
23.0
6.5
23.6
7.0
22.2
5.5
21.7
43
2L9
261.8
775.3
.4
24.1
65.5
(2)
24.7
70.1
(2)
21.8
63.7
(2)
23.2
69.4
(2)
22.1
70.2
.1
21.6
76.8
25.8
72.1
(2)
24.7
73.1
.2
27.3
71.1
(2)
24.5
62.8
(2)
23.6
66.4
(2)
23.9
89.0
.4139
14.5
73.2
.4611
16.1
71.8
.4755
16.7
73.9
.4874
14.4
80.3
.4922
15.8
82.6
.5061
15.0
82.9
.5107
20.0
72.2
.5190
25.3
75.1
.5277
33.9
70.5
.5245
39.4
72.7
.4952
40.3
66.0
.4785
.4642
709.5
.3
1
34.2
'77.6
.3847
296.9
65.4
128.2
1
1
2
()
()
44.4
36.8
275.7
355.6
359.2
335.2
321.5
284.9
256.5
337.7
358.9
370.6
94.6
97.9
106.6
109.1
112.6
119.6
121.3
113.2
116.1
122.7
119.1
120.3
129.1
121.0
118.5
120.9
113.9
119.0
121.0
119.4
127.7
132.1
131.7
132.2
134.9
133.1
134.1
144.7
138.9
136.5
153.1
155.0
154.9
155.5
157.0
159.4
159.6
159.9
156.3
156.5
157.1
158.1
158 4
159.0
229
231
237
248
239
244
245
260
259
263
263
248
261
253
271
282
264
262
286
285
274
294
1,151.65
1,069.45
1,371.50
1,199.60
823.2
129.45
115.60
102.05
93.15
905.6
115.35
107.65
107.25
96.15
913.6
91.25
84.15
181.75
152.15
823.2
133.20
122.50
72.55
65.35
883.8
133.05
121.70
103.05
95.30
913.8
146.50
131.90
122.50
112.35
937.8
179.80
135.70
101.50
92.70
1,016.1
188.45
167.50
150.00
142.10
1,054.6
130.95
107.55
150.30
138.75
1,035.2
135.85
126.05
133.25
127.50
1,037.8
135.00
118.25
116.95
111.05
1,055.8
544.50
488.75
473.55
430.45
221.6
73.10
40.85
43.35
40.85
213.2
44.90
40.85
40.45
37.10
217.6
60.00
48.30
56.05
54.35
221.6
55.90
53.05
40.40
35.55
237.0
69.85
66.00
44.25
40.40
262.6
61.95
56.75
66.75
60.00
257.8
73.30
65.90
57.25
52.30
273.9
131.10
124.40
60.05
52.30
345.0
60.80
53.60
53.20
43.45
352.6
177.55
173.55
60.50
54.50
469.6
65.60
62.00
47.40
44.10
487.8
1,064.45
889.60
2,894.75
2,598.60
1,043.0
433.30
371.75
709.65
599.75
150.6
32.7
399.8
249.2
208
202
22.8
2
1088
282
434
96.2
286
29.9
74.5
23 7
23.8
274.5
87.8
'77.3
201
208
1
41.8
44.4
'38.3
48.4
58.2
71.7
1
302.5
1
1
r
34.9
45.7
37.1
48.9
74.5
303.2
1
r
73.5
97.2
3,152
6.5392
1
655
121
75.0
1,931
27,939
12,544
1,067
53,450
38,700
1
9,357
rl
732
'283
'267
287
300
'222.15 "191.65
194.85 "176.60
151.35 "145.10
138.70 "129.45
1,126.7 "1,173.2
64.05
60.25
59.40
51.15
492.4
"91.85
"71.55
"62.60
"57.66
"521.7
136.2
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-27
SURVEY OF CURRENT BUSINESS
December 1984
.. .
1982
1984
1983
Annual
1983
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
June
May
Apr.
Sept.
Aug.
July
Nov.
Oct.
METALS AND MANUFACTURES—Continued
MACHINERY AND
EQUIPMENT— Continued
Tractors used in construction, shipments, qtrly:
Tracklaying total
units
mil $
Wheel (contractors' off-highway)
units
mil $
Tractor shovel loaders (integral units only),
wheel and tracklaying types
units
Tractors, wheel, farm, nonfarm (ex. garden and
construction types) ship qtrly
units
mil $
ELECTRICAL EQUIPMENT
Batteries (auto.-type replacement),
shipments
thous
Television sets (incl. combination models),
production, total market
thous
Household major appliances (electrical), factory
shipments (domestic and export) #
thous
Air conditioners (room)
do
Dishwashers
do
Disposers (food waste)
do
Microwave ovens /ranges *
do
Ranges
do
Refrigerators
do
Freezers
do
Washers
do
Dryers (incl gas)
do
Vacuum cleaners (qtrly )
do
GAS EQUIPMENT (RESIDENTIAL)
Furnaces, gravity and forced-air,
shipments
thous
Ranges total sales
do
Water heaters (storage), automatic,
sales
do ....
7 159
777 3
3430
2647
7 247
633 6
3636
2729
784
71 4
806
77 6
1 126
940
797
73 3
588
50 2
775
62 3
667
54 2
665
49 1
7556
3834
23407
24823
1 009 4 1 143 0
815
60 6
1 124
1059
717
63.1
985
78 4
655
628
627
569
2924
1056
5,484
2080
5,968
6,334
2,480
2,102
3,452
36
324
361
1,006
278
505
87
465
382
725
629
8,964
3940
8794
3588
r
6087
217 1
3661
128 9
4 171
3 588
3995
4 855
5377
4 174
2,108
1,372
1,761
3661
588
296
279
719
262
574
110
436
289
3836
648
286
328
726
265
641
126
428
274
3243
187
291
280
662
267
652
153
417
283
3 142
47
300
331
716
252
577
133
445
308
3,249
40
302
362
888
271
520
106
435
322
70 107
2 295 9
51 890
1 816 2
5498
213 2
4 651
174 9
4619
177 1
5333
168 2
6 450
220 8
6908
250 3
6042
236 4
6336
232 2
54 214
31 782
56 105
36 454
6548
4 441
6 105
4 249
6295
23 510
6499
3 423
4273
2 838
3984
23 421
3370
3 549
3759
3 468
16405
19680
2050
1 731
2
1 925
1 679
1 632
2
2 133
1668
1,659
26683
2761
2170
2780
4,071
2035
4364
1340
4,019
2728
7536
32438
2002
3093
3544
5,933
2754
5477
1 341
4,616
3294
7942
'3023
32
'321
r
338
r
736
'266
r
512
r
92
412
323
2820
52
302
393
648
254
410
72
377
313
2535
' 98
245
264
772
211
321
77
292
250
1 848
3273
168
308
340
738
260
494
103
479
366
3023
262
242
355
587
237
426
95
427
331
3387
504
258
368
615
260
509
89
420
287
2277
3 170
459
258
348
612
237
484
90
364
250
2
2
2
1 156
1368
1662
1573
197
136
167
134
173
149
146
132
142
133
127
154
116
136
118
134
137
153
134
121
170
146
200
173
3,041
3,172
280
253
269
319
315
308
337
277
276
277
259
236
'278
3
611.2
''228
55
610.4
'377
35
611.1
'293
40
610.8
382
121
610.8
458
186
610.8
402
91
610.8
395
45
610.8
'73,684
62,812
52,182
9,839
3,588
791
161,898
148,301
13,597
5,541
4,243
541.5
'81,587
64,888
54,465
9,859
3,839
564
166,282
152,378
13,904
6,142
5,809
543.1
'71,711
58,648
47,470
10,386
4,177
792
173,767
158,082
15,685
7,161
7,633
538.9
'79,826
59,919
49,408
10,033
4,097
478
183,085
165,619
17,466
8,180
8,185
544.4
'75,293
66,431
56,821
9,232
3,561
378
185,658
166,408
19,250
9,201
7,787
541.1
74,309
89,172
78,971
68,608
60,259
63,299
163,207
167,814
8,197
'545.1
8,048
547.7
8,619
546.6
6,595
540.5
2,598
7696
2,797
2,728
2,809
8,227
2,734
2,652
2,487
2,660
1,139
66
980
75
2,966
2,666
300
912
110
981
96
954
115
991
87
191
3,434
670.8
1,695
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production t
thous. sh. tons..
Exports
do
Producer Price Index
1967 = 100 ..
Bituminous:
Production t
thous. sh. tonsConsumption total t
do
Electric power utilities
do
Industrial total
do
Coke plants (oven and beehive)
do....
Residential and commercial
do
Stocks end of period total f
do
Electric power utilities
do
Industrial total
do
Oven-coke plants
do
Exports
.
do
Producer Price Index
1967 - 100
COKE
Production:
Beehive and oven (byproduct)
thous. sh. tons..
Petroleum coke §
do
Stocks, end of period:
Oven-coke plants, total
do
At furnace plants
do
At merchant plants
do
Petroleum coke
do
Exports
do
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
number
Producer Price Index
1967=100..
Gross input to crude oil distillation
units "!"
mil bbl
Refinery operating ratio "("
% of capacity
All oils, supply, demand, and stocks: :{:
New supply total C)
mil bbl
Production:
Crude petroleum
"
do
Natural gas plant liquids
do
Imports:
Crude and unfinished oils
do....
Refined products
do
Change in stocks all oils
do
Product demand total
do
Exports:
Crude petroleum
do
Refined products
do ..
See footnotes at end of tables.
'4,089
776
617.1
'414
139
610.4
'412
93
612.0
'359
66
612.3
'284
9
612.2
833,523 '778,003
703,561 733,850
592,591 624,175
104,372 102,586
40,859
37,005
6,598
7,090
189,085 162,070
175,053 149,091
14,032
12,979
4,337
X625
105,244
76,870
530.4
533.8
'71,340
60,198
50,598
8,929
3,304
671
172,589
160,068
12,521
4,000
7,978
534.9
'68,272
61,150
51,099
9,341
3,332
710
172,676
159,927
12,749
4,168
5,726
539.1
'63,354
70,235
59,030
10,296
3,458
909
162,070
149,091
12,979
4,337
6,194
540.7
'67,869
71,699
60,126
10,669
,3,787
904
155,511
142,223
13,288
4,939
5,053
538.1
2,743
7025
2,671
1,101
47
3,518
3,233
286
1,096
119
1,127
55
1,265
23
3,153
2848
306
1,136
61
3,240
675.6
3,470
674.4
3,253
675.6
3,212
675.6
4,092
675.6
2,821
673.9
3,137
673.9
3,723
673.3
2,629
'672.6
3,968
672.3
3,946
672.0
384.8
77
371.8
77
379.1
76
389.9
78
376.0
78
4,588
980
640.3
'249
5
612.0
28,115
29,908
25,808
30,661
8,190
7,858
331
1,344
1,109
3,518
3,233
286
1,096
731
40,300
733.4
'37,187
681.4
4,442.6
70
4,360.7
72
371.1
73
366.8
75
354.1
70
365.8
73
356.0
76
374.7
75
361.8
75
5,608.2
5,602.9
486.5
470.1
465.5
484.5
465.5
483.6
469.9
506.2
471.0
492.0
480.8
469.1
3,156.7
585.1
3,171.0
588.2
271.9
51.6
263.1
50.7
260.3
49:2
268.4
50.3
253.0
48.8
270.3
50.7
260.6
49.8
271.3
51.6
262.3
49.6
271.8
53.3
272.2
52.5
262.8
51.2
1,352.4
514.0
-53.7
5,880.4
1,317.8
525.9
23.7
5,829.2
115.3
47.7
22.2
481.7
108.9
47.4
2.0
485.4
110.0
46.0
-55.9
538.3
103.8
62.0
-:23.1
536.3
93.7
69.9
33.9
463.1
114.8
47.8
-19.9
522.4
114.4
45.1
20.8
484.1
133.4
50.0
32.2
514.7
111.4
47.7
5.2
496.4
122.1
44.8
11.4
498.5
108.4
47.6
-13.5
522.6
108.0
47.2
14.1
479.4
86.3
211.2
59.9
209.9
4.3
13.5
5.6
14.8
2.9
16.9
4.7
13.1
6.7
19.2
3.3
13.2
5.9
16.7
4.8
15.1
2,610
1,110
49
r
2,976
675.7
r
2,713
5.4
11.4
7.3
18.6
5.1
14.4
6.8
16.9
610.2
543.4
3,131
658.5
S-28
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
, T .f
units
1982
December 1984
1984
1983
Annual
1983
Oct.
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
May
Nov.
Oct.
June
July
Aug.
Sept.
4706
2139
29
78 1
397
327
47
178
418
1 5022
7664
4137
4820
2133
28
781
376
369
44
194
455
1 5136
7721
4239
5000
221.7
25
798
392
387
4.7
220
462
1 5001
764.4
4295
4594
199.2
34
799
350
361
5.0
189
450
15142
756.4
431 1
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
All oils, supply, demand, and stocks $ — Continued
Domestic product demand total #
mil bbl
Gasoline
do
Kerosene
do
Distillate fuel oil
do
Residual fuel oil .
do
Jet fuel
do
Lubricants
do
Asphalt
do
Liquefied gases
do
Stocks, end of period total
- do
Crude petroleum
do
Strategic petroleum reserve
do
Unfinished oils, natural gasoline, etc
do
Refined products.
.
do
Refined petroleum products: :j:
Gasoline (incl. aviation):
Production
do
Stocks end of period
do
Prices, regular grade (excl. aviation):
Producer Price Index
2/73 = 100 ..
Retail, U.S. city average (BLS): *
Leaded
$ per gal..
Unleaded
do
Aviation gasoline:
Production
mil bbl
Stocks, end of period
do
Kerosene:
Production
do
Stocks end of period
do
Prqducer Price Index (light
distillate)
1967-100
Distillate fuel oil:
Production
mil bbl
Imports
do
Stocks end of period
do
Producer Price Index (middle
distillate).. .
.
1967-100
Residual fuel oil:
Production
mil bbl
Imports
do
Stocks, end of period
do
Producer Price Index...
..
1967 — 100
Jet fuel:
Production . .
mil bbl
Stocks end of period "
do
Lubricants:
Production
do
Stocks end of period
do
Asphalt:
Production
do
Stocks end of period
do
Liquefied gases (incl. ethane and ethylene):
Production total
do
At gas processing plants
(L P G )
/
do
At refineries (L R G )
do
Stocks (at plants and refineries)
do...
491 o
4965
464 5
2023
2012
2142
39
34
16
100 9
87 6
87 9
407
378
508
34 1
345
352
54
44
52
13 2
62
86
417
49 0
438
1 444 0 1 464 8 1 4970
7445
7636
7275
396 9
404 5
391 8
5 582 9 55594
23961 24265
47 0
46 4
9749
981 9
5186
626 5
3818
3696
51 0
534
2
124 4
136 2
547 3
5507
1 429 9 14536
7229
6436
293 g
379 1
463 8
2052
34
809
38 5
310
52
14 2
45 5
15075
7162
367 2
465 0
1988
48
862
40 8
303
44
10 5
49 2
15096
7127
371 3
518 5
2129
71
104 3
492
366
40
43
632
14536
7229
379 1
5185
1947
65
108 2
61 4
370
4i
42
618
14300
7329
384 4
446 3
181 5
32
82 4
46 5
323
51
45
49 5
14639
7275
387 2
158 1
6283
161 5
5692
1717
6197
1662
6306
161 5
5692
1599
5373
1592
5773
1647
551 8
1704
5500
1750
5584
1633
572.5
1560
585.5
155.7
580.0
159.1
598.7
2322 1
1968
23233
1878
1927
1895
1997
1984
1961
1878
1877
1880
184 1
1993
1982
2055
1965
2100
2070
2130
199.6
2065
201.8
2026
200.4
1890
197.0
1969
612.5
551.7
559.2
548.2
535.8
518.3
512.4
517.9
520.5
532.6
531.0
520.9
505.5
501.2
510.7
512.5
1.222
1296
1.157
1241
1.172
1 255
1.156
1241
1.146
1231
1.131
1 216
1.125
1209
1.125
1210
1.145
1.227
1.154
1.236
1.147
1.229
1.129
1.212
1.116
1.196
1.120
1.203
1.127
1.209
1.124
1.207
89
23
92
23
8
24
7
24
5
23
6
24
9
26
5
2.7
6
26
8
23
1.0
2.4
.9
2.5
.9
2.4
.7
2.4
420
10 4
400
79
43
10 4
39
10 2
41
79
56
75
44
93
25
78
22
67
25
76
2.9
79
2.6
80
2.7
85
3.7
90
9964
906 1
8893
8855
8814
8722
8858
9035
8792
8768
876.5
874.3
862.1
852.2
853.5
856.1
951 3
340
178 6
8965
635
1403
83 1
81
1626
804
61
161 2
782
68
1403
80 1
84
1195
83 1
133
1322
769
36
1096
704
66
978
81 6
78
982
864
8.0
1129
84.8
6.1
1245
83.0
8.2
1335
81.7
85
1432
10127
8898
9122
9018
8921
8714
9244
9521
8749
881.9
895.2
893.4
858.9
837.0
853.7
868.2
390 4
283 1
662
1 1820
3109
2552
485
1 0589
250
198
512
1 1200
254
234
542
1 1255
27 8
201
485
1 1096
295
329
454
10910
29 1
321
576
10932
27 5
196
476
1 1140
252
19 1
474
1,106.8
257
172
463
1,131.2
246
252
203
185
49.2
46.8
1,138.4 1,148.2
250
17.7
44.7
1,152.9
258
17.9
47.0
1,119.4
1,113.2
1,131.7
3570
36 8
3732
38 6
312
43 2
324
45 6
293
386
325
356
327
390
342
406
319
407
33.8
409
33.6
429
36.8
436
37.9
456
34.8
452
51 6
12 5
53 8
12 1
49
10 6
52
11 5
45
12 1
43
12 3
46
11 7
49
112
55
110
48
109
49
11 1
53
117
51
122
53
12.5
2
135 7
188
13 3
16 3
99
15 8
74
18 8
64
21 1
70
236
78
252
100
266
13 1
266
150
239
165
21.4
18 1
18.3
155
15.9
557 5
599 2
52 3
53 5
51 0
49 9
49 0
522
513
530
514
542
4590
98 5
94.0
4796
119 6
100.6
417
107
120.5
432
104
118.4
418
92
100.6
400
99
93.2
389
10 1
88.9
405
118
88.6
398
115
93.7
408
122
100.5
39.4
121
106.2
41.7
126
110.5
41.9
12.2
114.6
40.6
10.5
115.3
7 423
7 264
4682
7 197
7 192
4621
7 642
7,368
4825
7398
7,246
5023
l 209
934
1,370
955
1,283
931
r
4,791
109
'3,891
4,551
73
3,696
2
119 4
15 9
r
r
r
54 1
51.1
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD t
Consumption
do
WASTE PAPER t
Consumption
thous sh tons
Inventories end of period
do
WOODPULP t
Production:
Total
thous. sh tons
Paper grades chemical pulp
Groundwood and thermomechanical
Semi-chemical
Inventories, end of period:
At pulp mills:
Own use woodpulp
Market pulp
Market pulp at paper and board
mills
Exports, all grades, total
All other
Imports, all grades, total
Dissolving and special alpha
All other
.
See footnotes at end of tables.
...
do .
'78 519
79 039
5426
1 84 475
1 85 442
5 229
7 691
7 534
5 430
7 172
7 267
5 266
6 691
6741
5 229
7 044
7 185
5 168
7 434
7295
5 192
7 619
7660
5 157
7 100
7344
4777
7 425
7439
4782
1
1 14 539
920
1 337
864
1 275
864
1 157
920
1292
908
1276
896
1384
896
1353
886
1397
858
1
4685
113
3777
4597
117
3704
4 124
106
3297
4513
98
3,601
4,539
106
3,651
4,858
106
3,921
4,715
117
3,779
4,762
109
3,826
4,696
100
3,767
4,530
99
3,645
1
13 565
1022
'49334
1 092
39'478
52 537
1 261
42,358
r
\ 331
870
r
do
do
5064
3699
5067
3851
449
347
443
334
419
303
463
352
454
328
466
365
472
347
476
351
482
346
471
316
461
330
457
326
do
do
177
437
170
384
186
449
192
484
170
384
151
394
142
351
154
324
157
341
146
329
159
319
153
379
159
409
162
415
504
3,674
646
;
3027
1
4,093
179
'3914
476
314
77
238
431
15
416
499
252
61
191
362
7
355
522
384
72
312
345
20
325
564
360
52
208
337
14
323
546
317
38
279
420
11
409
588
374
74
300
341
19
322
618
249
53
196
338
6
331
594
336
47
290
387
17
370
596
307
57
249
360
6
354
542
279
41
238
357
15
342
506
318
43
275
389
8
381
508
285
49
236
386
22
364
do....
do....
do
do....
do
do
429
3,395
631
;
2763
' 3,894
162
;
3732
1
1
'
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-29
SURVEY OF CURRENT BUSINESS
December 1984
,, .,
units
Annual
1982
1984
1983
1983
Nov.
Oct.
Jan.
Dec.
Mar.
Feb.
June
May
Apr.
Oct.
Sept.
Aug.
July
Nov.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS t
Paper and board:
Production (API):
Total
thous. sh. tons- 159,456 "65,152
5,832
Paper
do....
30,390 r32,976
2,935
Paperboard
do....
2,897
29,065 32,177
Producer price indexes:
Paperboard
.1967 = 100 ..
254.9
'257.3
'250.9
Building paper and board
do....
254.7
250.0
239.5
Selected types of paper (API):
Ground wood paper, uncoated:
1
Orders, new
thous. sh. tons..
152
1,481 '1,581
Orders, unfilled, end of period
do
92
164
145
1
Shipments
do
1,471 ' 1,531
142
Coated paper:
1
Orders, new
do
4,941 rl 5,864
523
r
Orders, unfilled, end of period
do....
496
322
513
Shipments
do
535
5,696
4,974
Uncoated free sheet papers:
1
rl
Orders, new
do
741
7,827
9,076
1
Shipments
do
794
' 9,095
8,184
Unbleached kraft packaging and industrial
converting papers:
1
Shipments
thous. sh. tons..
3,807
rl
Tissue paper, production
do
414
4,789
'4,438
Newsprint:
Canada:
Production
thous. metric tons8,486
750
8,109
Shipments from mills
do
764
8,054
8,439
344
Stocks'at mills, end of period
do....
303
256
United States:
Production
do
406
4,574
4,688
Shipments from mills
do....
407
4,675
4,525
Stocks at mills, end of period
do....
99
116
86
Consumption by publishers 0
do...
1,001
10,579
10,107
Stocks at and in transit to publishers, end
of period
thous. metric tons..
790
785
854
Imports
thous. sh. toi
6,531
6,919
634
Price, rolls, contract, f.o.b. mill, freight
allowed or delivered
Index, 1967 = 100..
302.9
'310.4
315.8
Paper products:
Shipping containers, corrugated and solid
fiber shipments
mil. sq. ft. surf, area.. 235,185 252,876 '23,557
5,642
2,863
2,778
5,169
2,706
2,463
5,680
2,886
2,795
5,661
2,851
2,810
6,079
3,050
3,029
5,776
2,888
2,888
6,011
2,999
3,012
5,842
2,888
2,954
'5,574
'2,782
2,792
'
5,889
r
2,921
'2,967
'5,674
'2,790
'2,883
5,914
2,988
2,926
259.4
254.7
260.9
250.4
262.2
251.9
271.8
255.1
275.6
258.6
277.1
265.8
277.8
265.2
279.1
265.1
279.1
262.9
285.4
258.4
288.2
258.1
291.8
257.3
124
153
137
122
145
121
143
157
135
149
185
129
141
187
140
139
194
117
173
125
165
131
139
150
138
150
166
129
'123
'168
123
140
170
140
447
513
545
551
496
496
520
508
527
540
512
552
557
531
516
568
510
489
508
546
542
510
524
502
495
478
545
488
538
'479
'482
'496
535
458
547
757
773
735
750
739
805
726
789
820
846
697
786
773
833
696
795
'723
'798
'710
'751
775
'752
329
408
301
390
322
407
322
352
421
331
402
323
412
316
402
328
'391
318
411
313
'409
325
425
774
766
352
673
723
303
757
699
361
622
646
337
666
674
329
737
701
365
811
850
327
786
'
877
r
236
825
759
'302
775
752
'326
737
734
'329
793
792
329
414
412
117
985
372
390
99
954
417
415
103
847
410
412
102
434
454
82
946
422
439
65
973
436
451
50
992
424
419
55
916
409
413
52
'913
426
417
61
'948
415
409
67
968
430
426
71
1,013
750
633
790
593
785
663
621
778
591
770
573
811
654
873
740
955
722
951
713
'924
666
309.6
309.6
309.6
309.6
316.0
314.8
314.8
314.8
'334.5
330.7
331.2
338.2
21,043
19,874
22,070
21,983
23,650
21,960
23,001
22,387
21,257
23,759
21,605
24,852
r
293.4
253.5
336.9
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubberConsumption
thous metric tons
66061
Stocks, end of period
. do
9542
Imports, incl. latex and guayule
thous long tons
61827
Price, wholesale, smoked sheets
(N.Y.)
$ per lb..
.453
Synthetic rubber:
Production
thous metric tons
1 828 95
Consumption
do
1 757 30
Stocks, end of period
..
do
25594
Exports (Bu. of Census)
thous. Ig. tons ..
28462
TIRES AND TUBES
Pneumatic casings, automotive:
Production
;
thous 1 178 500
Shipments, total
do
201 236
Original equipment
do
38633
Replacement equipment
do
158 688
Exports
do
3 915
Stocks, end of period
do
39955
Exports (Bu. of Census)
do...
5,971
Inner tubes, automotive:
Exports (Bu. of Census)
..
do
1 924
See footnotes at end of tables.
67627
8075
7529
7483
6967
7587
4957
9075
7376
95 19
5678
9568
83 05
8768
6824
8776
65 12
91 42
4235
8846
7394
8703
5606
8475
64207
6783
71 06
5471
87 84
57 82
75 45
69 18
7025
4145
7381
5623
6746
.573
.583
2
.580
.568
.460
.460
.460
1 978 28
1 860 79
28380
27501
177 96
184 53
25612
20 14
193 73
162 14
28272
2375
163 29
150 21
28379
2367
183 29
173 02
177 54
17536
28408
277 18
24 12 j 2222
190 26
180 45
276 95
2809
193 22
166 72
29464
2913
191 43
167 11
305 01
2942
18366
17097
30226
2802
16666
147 14
30926
2958
17843
17385
30064
30.24
29.95
186 923
218 865
49 364
164*265
5 236
33340
4656
16734
20532
4 370
15 153
509
31 530
391
15136
17527
4 625
12 458
444
31676
485
15483
16077
4 608
10890
579
33340
484
16749
18509
4755
13 118
636
35450
458
17498
17971
5 109
12 253
609
37 615
427
19 122
21 422
5728
14 973
721
38529
544
16988
20 851
4 970
15255
626
38026
539
18043
21 121
5 290
15 205
626
37693
625
18557
21084
5 109
15 420
555
37678
500
18078
20282
4551
15067
664
37 199
453
17,333
20,525
4493
15473
559
37685
670
533
119
103
120
90
149
.560
1 829
.605
240
.583
126
177
97
137
187
85
.518
.470
.430
.428
S-30
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
,. ..
unns
1982
December 1984
1984
1983
Annual
1983
Nov.
Oct.
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
Nov.
Oct.
July
Aug.
Sept.
42117
46851
39,926
6604
32
47.0
5742
4i
48.6
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments finished cement
thous bbl
CLAY CONSTRUCTION PRODUCTS
Shipments: $
Brick, unglazed (common and face)
St t 1 t'l
'
Sewer pipe and fittings vitrified
do
Floor and wall tile and accessories, glazed
and unglazed
mi so ft
Producer Price Index, Brick (common), f.o.b.
plant or N.Y. dock
1967 = 100..
GLASS AND GLASS PRODUCTS
Flat glass mfrs ' shipments
thous $
Glass containers: t
Production
thous gross
Shipments, total
do
Narrow-neck containers:
Food
do
Beverage
do
Beer
..
do
Liquor and wine
do
Wide-mouth containers:
Food and dairy products
do
Narrow-neck and wide-mouth containers:
Medicinal and toilet
do
Chemical, household and industrial
do
Stocks end of period
do
GYPSUM AND PRODUCTS
Production:
Calcined
Imports crude gypsum
Sales of gypsum products:
Uncalcined
Calcined:
Industrial plasters
Building plasters, total
Board products total
Lath
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorated
wallboard
5
/ie mobile home board
do
do
do
do
1 343 628 1 376 856
39 053
32 771
22 202
20 356
25 638
29202
34346
41 527
43059
5 076 5
60 0
441 9
5 791 6
30 1
3751
545 7
33
386
494 2
21
298
375 4
21
209
332 3
10
233
410 3
19
222
466 6
24
297
554 1
19
328
618 7
22
355
641 1
41
392
295 0
3336
292
27 0
256
246
267
298
280
31 1
294
312.5
337.8
344.0
345.3
345.5
345.8
345.6
346.8
348.3
349.5
350.7
892 059
968 652
309 376 292 494
307 113 291 512
21444
20565
279
27.6
24.7
351.1
352.2
354.5
25,604
26,128
26,649
27,702
r
16605
18476
21 126
21 109
23 174
21396
25 147
24388
24658
23,371
24891
24,620
25,611
25,911
r
r
27658
61020
107 861
22265
28270
62617
97 100
23628
1935
4732
7 165
2354
1 675
4429
6256
1929
1392
3916
5778
1696
2092
3966
6887
1838
2221
4484
6483
1789
2578
4639
7,781
2213
1995
5033
7,925
2008
2377
5,431
8,644
1996
2,323
6,100
8,906
2188
r
63 372
60 108
5 642
4 861
4 232
4 943
4 923
5 416
4 954
4837
4979
r
22322
18001
1 443
1296
1351
1240
1 340
1 596
1342
1203
2 615
45634
1788
43469
119
45182
111
43469
143
44855
114
47677
132
46995
125
44 675
156
46357
165
46714
2012
3,129
6,358
7,783
2474
5099
6348
1250
1024
1367
165
46021
188
r
46 370
243
46,238
2,344
6,499
r
8,962
r
1
10
1
12948
13710
8031
1 221
1278
995
1 161
1 213
741
1 117
1 161
561
1 056
1263
705
1 064
1212
703
1 292
1*289
721
1 235
1331
668
1 220
1276
598
1 183
1,119
571
1 064
1,192
1,266
1
4 528
4064
471
339
383
268
266
321
324
433
524
373
469
'430
M42
40
40
36
36
40
47
45
38
257
16818
36
368
344
10 807
4 283
119
861
22
1 548
2
31
30
981
402
10
90
19
1542
4
34
25
1 000
408
10
62
20
1 494
2
34
28
945
407
10
66
20
1 524
22
1693
4
39
28
1070
456
12
83
20
1591
538
11 243
6718
1
mil SQ ft
do
do
do
do
do
do
do...
25891
23396
630 5
r
36
r
382
264
13 093
39
286
264
8447
3 486
119
453
20
1493
3
32
29
970
385
9
65
37
28
970
398
12
75
354.7
355.0
235 270
221 218
249 777
r
1511
1,236
658
44
42
49
21
1434
21
1490
23
1581
31
30
992
426
11
99
21
1 528
4
34
29
937
420
12
93
28
26
874
419
10
74
32
24
931
419
11
70
36
27
986
433
11
84
r
582
r
r
r
600
r
228
r
r3
713
r3
260
r3
r
571
r
212
r
r
687
r
293
r
r
675
r
279
r
r
599
r
r
r
r
403
149
r
254
r
664
r
267
r
397
r
630
190
r
440
163
636
1,179
3
r3
TEXTILE PRODUCTS
FABRIC
Woven fabric, finishing plants:
Cotton ,
do
Manmade fiber and silk fabrics
do
Inventories held at end of period
do
Cotton
do
Man made fiber and silk fabrics
do
Backlog of finishing orders
do
Cotton
do
Manmade fiber and silk fabrics
do
COTTON AND MANUFACTURES
Cotton (excluding linters):
Production:
Ginnings 0
>
thous running bales
Crop estimate .
thous net weight bales §
Consumption
thous running bales
Stocks in the United States, total, end of
period •/£
thous running bales
Domestic cotton, total
do
On farms and in transit
do....
Public storage and compresses
do
Consuming establishments
do....
See footnotes at end of tables.
5 270
2750
2 519
694
254
440
11 526
11963
4 938
14 232
14229
2,433
11 101
695
801
434
367
777
292
485
633
225
408
778
430
349
789
284
505
603
223
380
3
824
3
465
3
7 504
7771
5 553
3 348
6007
7214
459
446
10 686
10685
1,159
8924
602
12 515
12514
4,767
7 192
555
11 725
11724
2,506
8 665
553
9 525
4926
4 599
720
252
468
r
358
720
252
468
575
219
356
3
r
556
r
207
r
r
610
r
227
r
r3
766
r3
288
r3
r
673
r
285
r
r
679
r
288
r
r
673
r
291
r
r
615
r
224
r
r
631
r
245
r
r
611
r
237
r
350
388
391
383
390
386
468
469
448
10686
10685
1,159
8 924
602
9512
8347
8346
1,275
6359
712
9511
1,222
7 643
646
478
382
374
3
219
362
r
680
r
290
r
390
r
623
r
227
r
396
372
395
211
388
548
423
442
6903
6903
1,166
4997
740
5698
5697
962
3960
775
4702
4701
943
2993
765
453
396
557
189
r
368
360
3
677
3
245
3
432
643
260
383
568
208
360
r
672
r
263
r
409
576
187
r
388
r
503
354
416
3,775
3,774
741
2212
821
2,833
2,832
300
1757
708
14,798
14,797
12,592
1491
714
4,324
494
417
14,026
14,025
11,949
1,432
644
13,289
13,288
9,594
3,255
539
8,979
13,381
Unless otherwise stated in footnotes
below, data through 1982 and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
S-31
SURVEY OF CURRENT BUSINESS
December 1984
.,
IT nus
^
1982
1984
1983
Annual
1983
Oct.
Nov.
Jan.
Dec.
Feb.
Apr.
Mar.
May
June
July
Aug.
Sept.
Nov.
Oct.
TEXTILE PRODUCTS—Continued
COTTON AND MANUFACTURES— Cont.
Cotton (excluding linters)—Continued
Exports
thous running bales
6,079
Imports
thous net-weight bales §
39
Price(farm), American upland <}
cents per Ib ..
59.1
Price, Strict Low Middling, Grade 41, staple 34
3
(IVie"), average 10 markets
cents per Ib..
60.5
Spindle activity (cotton system spindles):
Active spindles, last working
day, total
mil
14.2
Consuming 100 percent cotton
do....
5.3
Spindle hours operated, all
fibers, total
bil
81.6
Average per working day
.
do....
.320
Consuming 100 percent cotton
do
30.2
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
mil. sq. yd ..
3,794
Orders, unfilled, end of period, compared
with average weekly production
no. weeks' prod11.1
Inventories, end of period, compared with
avg. weekly production
no. weeks' prod ..
7.1
Ratio of stocks to unfilled orders (at cotton
mills), end of period
.65
Exports, raw cotton equiv. thous.
net-weight
480 Ib. bales..
239.2
Imports, raw cotton equivalent
do....
601.3
Producer Price Index, gray cotton
broadwovens *
12/75=100..
152.6
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Acetate filament yarn
mil. Ib..
195.2
Rayon staple, including tow
do....
355.0
Noncellulosic, except textile glass:
Yarn and monofilaments
do.... 3,040.3
Staple, incl. tow
do.... 3,402.5
Textile glass fiber
do
899.2
Fiber stocks, producers', end of period:
Acetate filament yarn
mil. Ib..
10.7
Rayon staple, including tow
do....
25.9
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
do....
279.8
Staple, incl. tow
do....
324.8
Textile glass fiber
do....
141.0
Manmade fiber and silk broadwoven fabrics:
Production(qtrly.), total #
mil. sq. yd.. 9,760.4
Filament yarn (100%) fabrics #
do.... 3,669.6
Chiefly rayon and/or acetate
fabrics
do ....
346.6
Chiefly nylon fabrics
do....
397.5
Spun yarn (100%) fabrics #
do.... 5,067.6
Rayon and/or acetate fabrics, blends
do....
94.1
Polyester blends with cotton
do.... 3,565.4
Acetate filament and spun
yarn fabrics
do....
853.3
Producer Price Index, gray synthetic
broadwovens *
12/75=100..
143.7
Manmade fiber textile trade:
Exports, manmade fiber equivalent
mil. Ibs..
438.55
Yarn, tops, thread, cloth
:.do....
200.59
Cloth, woven
do ....
132.57
Manufactured prods., apparel,
furnishings
do....
237.96
Imports, manmade fiber equivalent
do....
807.10
Yarn, tops, thread, cloth
do....
132.58
Cloth, woven
do ....
93.34
Manufactured products, apparel,
furnishings
do....
674.51
Apparel, total
do
485.31
Knit apparel
do....
193.09
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apparel class
mil Ib
105.9
Carpet class
do....
9.8
Wool imports, clean yield
do
61.4
Duty-free... .
do
21.4
Wool prices, raw, shorn, clean basis, delivered
to U.S. mills:
<
Domestic— Graded territory, 64's, staple 2%"
7
and up
.. .
.cents per Ib
2.47
Australian, 64's, Type 62, duty-paid
do....
2.99
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. sq. yd..
121.1
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments, quarterly
mil. sq. yds..
885.8
APPAREL
Women's, misses', juniors' apparel cuttings:
Coats
thous. units- 1 12,617
Dresses
do
' 166,747
Suits (incl. pant suits, jumpsuits)
do.... ' 12,138
Skirts
do.. . 1 104,430
Blouses
thous. dozen.. ' 27,845
See footnotes at end of tables.
5,649
8
66.0
261
1
63.1
441
1
67.0
632
(6)
66.2
663
1
62.7
719
1
65.0
896
(6)
70.1
723
(6)
67.2
607
1
72.7
422
2
68.0
365
3
65.9
452
2
67.2
264
1
64.6
63.1
72.0
73.4
73.0
70.6
71.4
74.9
75.6
79.4
75.0
67.4
63.0
61.2
13.9
5.3
14.9
5.3
14.1
5.3
13.9
5.3
13.8
5.2
14.0
5.2
13.6
5.1
13.7
5.1
13.7
5.1
13.6
5.1
13.6
5.1
13.5
5.1
13.4
5.1
90.3
.343
33.7
7.7
.384
3.0
7.4
.369
2.9
7.6
.305
4
3.0
7.4
.371
2.8
8.0
.400
2.9
9.1
.364
3.2
6.9
.346
2.5
7.0
.350
2.5
8.2
.328
3.0
5.5
.276 ,
2.0
6.4
.323
2.4
7.5
.301
2.7
4,192
4
1092
1,040
r
11.8
12.6
12.7
13.8
13.2
14.2
15.0
14.7
13.1
4.7
3.8
4.2
4.8
4.6
4.5
3.9
4.0
4.2
3.9
5.2
4.5
.40
.30
.33
.34
.35
.32
.26
.28
.32
.32
.35
.39
188.8
793.1
16.0
71.4
15.3
80.9
14.8
77.4
14.2
99.2
12.3
96.5
13.6
102.1
13.4
97.9
14.2
79.1
16.9
98.9
13.5
101.7
152.1
156.0
156.7
156.7
157.3
158.6
158.1
158.2
157.5
159.9
12.3
227.6
374.8
53.8
98.0
55.2
104.0
3,560.5
3,970.6
1,166.0
932.1
1,035.6
3346
8977
1,011 5
3332
12.5
23.3
12.5
233
132
253
275.1
342.0
125.2
2751
342.0
1252
2980
3632
1412
11,460.7
4,472.9
31429
1,296.8
3 054 9
1,227.7
30680
1,264.0
296.1
357.1
5,702.1
1115
1,497.4
1,364.0
1406
14809
141.5
1371
14724
86.9
4,417.4
231
266
284
1,155.6
1 1365
1 1418
1,094.9
2950
286.8
274.3
12.3
159.0
158.4
158.6
153.3
153.7
151.8
152.5
152.3
149.3
151.5
151.0
148.8
151.2
152.3
152.4
153.5
153.3
36.97
14.72
9.31
36.44
13.44
8.77
35.24
12.49
7.76
35.08
12.74
7.93
37.05
13.19
7.96
40.21
15.86
8.83
38.50
12.94
8.26
42.79
15.70
9.91
46.53
16.55
10.79
40.63
13.13
9.08
293.52
1,069.49
182.50
123.21
22.26
106.84
17.41
11.03
23.00
85.83
14.69
9.55
22.74
77.93
13.36
9.07
22.34
100.34
18.91
12.50
23.86
118.86
18.27
11.51
24.35
110.21
19.34
12.53
25.56
110.50
20.11
14.54
27.09
114.35
18.28
12.65
29.98
122.45
18.65
13.45
27.50
169.47
25.44
17.34
886.99
574.39
241.30
89.43
56.24
24.22
71.15
42.75
16.19
64.58
34.18
11.05
81.43
51.31
17.64
100.59
63.14
22.39
90.87
53.16
18.63
90.40
50.85
19.80
96.06
56.11
23.33
103.80
59.78
25.85
144.03
88.89
38.38
126.7
11.4
78.1
28.7
10.7
.9
8.5
3.3
10.7
.7
8.0
2.5
'11.8
4
.8
8.9
3.8
10.6
.8
11.2
2.7
12.1
.8
9.0
1.8
14.0
1.0
7.8
2.7
11.4
1.0
7.8
2.8
12.1
1.0
10.4
3.1
5
2.25
2.71
225
2.70
2.28
2.66
2.30
2.68
2.30
2.76
2.30
2.79
2.45
2.76
2.34
2.71
2.12
2.66
143.5
37.0
12,709
167,046
12,988
102,835
30,909
r
284.7
1,341
12,572
1,149
8,883
2,913
1,147
11,950
1,072
8,131
2,527
569
10,118
984
7,502
2,288
439
13,942
1,192
8,018
2,754
503
16,662
1,344
8,567
2,858
r
2898
568
16,693
1,461
8,712
2,990
13.1
4
1.0
6.7
2.2
8.3
.6
9.6
4.5
10.0
.7
6.4
2.9
<11.4
4
.7
6.0
2.6
6.9
2.5
2.30
2.69
2.30
2.55
2.30
2.59
2.30
2.47
2.21
2.49
r
47.8
r
1,090.1
4
602
15,359
1,256
7,365
2,776
979
13,698
1,309
9,007
2,439
11.5
159.1
147.0
4
60.4
159.2
460.71
167.19
108.66
4
"66.0
61.2
921
1028
4
292
1
64.6
r
44.4
29.5
2987
2765
1,057
11,266
1,087
8,016
2,264
1,055
10,338
948
6,836
1,962
2.18
2,55
S-32
Unless otherwise stated in footnotes
below, data through 1982' and
methodological notes are as shown in
BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
,,
Annual
December 1984
1984
1983
M
1982
1983
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
993
1860
9700
12732
3505
24,649
956
1 065
1904
1861
10602
9308
15 242 18 179
3803
s'sn
26,576
25,748
June
Nov.
July
Aug.
Sept.
Oct.
752
1461
7396
15335
2899
31,426
24,637
23,627
27,208
261
TEXTILE PRODUCTS—Continued
APPAREL— Continued
Men's apparel cuttings:
4
Suits
thous units
11 735 11 181
4
Coats (separate), dress and sport... .
do
16 477 19'll3
4
Trousers (separate), dress
do
111749
112 699
4
Slacks (jean cut), casual
do
172
299 187 453
4
Shirts, dress and sport.. .
.
thous doz
92 423 40861
Hosiery, shipments
thous. doz. pairs.. 288,704 308,079
1 141
1685
10002
15773
3472
25,829
913
1 143
1 594 1312
10517
7614
9 447
18 286
3 652
3*266
25,278
24,905
1 118
1605
10053
12912
3694
24,191
1079
1739
12115
13791
3?831
25,847
1 198
1814
10702
14178
3 940
28,867
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly, total
mil. $
U.S. Government
do
Prime contract
do
Sales (net), receipts, or billings, quarterly,
total
do
U.S. Government
do
Backlog of orders, end of period #
do .
U.S. Government
do
Aircraft (complete) and parts
do....
Engines (aircraft) and parts
do ..
Missiles, space vehicle systems, engines,
propulsion units, and parts
mil $
Other related operations (conversions, modifications), products, services
mil $
Aircraft (complete);
Shipments "j"
do
Airframe weight "j"
thous Ib
Exports, commercial.
mil $
MOTOR VEHICLES (NEW)
Passenger cars:
Factory sales (from U.S. plants):
Total tt
thous
Domestic °|"|"
do
Retail sales, total, not seas, adj
do....
Domestics §
do
Imports §
do....
Total seas adj at annual rate
mil
Domestics §
do
Imports §
do ....
Retail inventories, end of period, domestics: §
Not seasonally adjusted
thous ..
Seasonally adjusted
do....
Inventory-retail sales ratio, domestics §
Exports (BuCensus) total
do
To Canada
do
Imports (BuCensus) complete units
do
From Canada, total
do
Imports, including domestically
sponsored
,
Trucks and buses:
Factory sales (from U.S. plants):
Total @
Domestic @
Retail sales, not seasonally adjusted: *
Light-duty $$
..
Medium-duty $$
Heavy-duty $$
.
...
Retail sales, seasonally adjusted:
Light-duty $$
Medium-duty $$
.
Heavy-duty t$
Retail inventories, end of period:
Not seasonally adjusted *
Seasonally adjusted
... .
92,930
62347
91 160
75487
42239
106 123
61068
46,606
11,958
82777
49,169
116,276
74246
48,953
12,905
13262
15,524
5
15 524
12465
14548
5
14 548
86815
44 455
4775
99275
44936
5569
4423
1807
193
8349
3822
307
12273
4765
679
2862
1471
140
5808
2814
378
6313
2578
322
5688
2872
310
7355
3,065
325
8928
3,621
469
7
393.4
7
1,535
246
4771
2,113
137
389
5049
4696
7,980
5758
2,221
6739
6201
9,179
6793
2,386
678
623
861
664
197
99
7.2
2.7
636
587
782
590
191
96
71
2.5
581
541
752
559
192
106
8.0
2.6
647
608
778
583
195
107
81
2.6
682
632
841
655
186
107
8.6
2.1
772
702
964
756
208
100
7.8
2.1
665
601
896
721
174
102
8.1
2.1
699
639
1,047
803
244
110
8.4
2.5
676
620
958
727
230
6
10.8
6
8.2
6
2.6
517
474
890
684
206
10.6
8.3
2.3
519
486
814
604
210
10.0
7.7
2.3
538
493
744
567
178
10.3
7.9
2.4
900
690
211
9.7
6.9
2.8
'802
601
'201
'9.8
7.1
'2.7
1,126
1,127
2.3
37430
33405
30670
7025
7 754
1,352
1,350
2.4
551 16
523.99
36910
8368
8 924
1,220
1,223
2.0
5722
5464
3423
670
757
1,303
1,278
2.2
4816
45.64
3467
713
701
1,352
1,350
2.0
3814
36.18
3693
984
910
1,471
1,476
2.2
40.71
38.85
3961
835
747
1,532
1,523
2.1
5369
50.64
3406
943
782
1,572
1,603
2.5
7088
68.57
4640
87.5
835
1,535
1,557
2.3
65.39
63.37
365.8
109.4
837
1,460
1,448
2.1
63.19
60.02
r
442.7
r
99.3
886
1,446
1,350
6
2.0
58.31
57.21
r
390.0
102.9
928
1,298
1,266
1.8
41.75
40.40
r
439.6
67.0
903
1,268
1,346
2.1
31.74
30.60
365.9
79.1
852
1,266
1,291
2.0
48.01
46.89
440.6
79.8
874
1,293
1,329
2.3
42.06
40.26
386.2
92.1
834
1,404
1,456
2.5
do
2269
'2457
190
176
239
195
194
199
188
199
224
224
218
231
208
do
do
1906
1 779
2414
2*260
241
225
233
218
207
192
246
231
252
235
283
264
253
235
288
267
278
260
208
194
261
246
243
230
25207
47.7
1410
2218
3.8
134
2235
30
116
2445
3.9
151
2267
37
121
2562
43
142
3137
4.7
17 1
2894
4.8
188
325.0
4.8
204
290.8
4.5
20.6
275.9
7.0
19.9
231.2
5.0
17.9
247.3
5.4
19.1
295.0
6.1
20.2
269.9
5.5
16.8
2401
39
13.5
2480
40
15.1
268.8
4.4
16.2
256.6
3
46
3
12.6
245.5
53
15.4
258.3
4.5
14.8
278.9
5.0
16.4
275.1
4.5
19.8
261.2
3.9
19.9
297.3
5.5
18.9
242.6
4.2
17.3
272.6
5.2
19.9
308.6
5.9
19.7
305.4
7.3
21.6
5837
591.4
10 54
6495
629.4
1052
672.8
664.3
1520
686.4
676.7
1576
684.6
673.6
1495
679.5
667.0
1559
699.8
667.0
1306
636.7
648.0
10.90
696.8
755.3
9.37
727.8
766.1
12.53
750.0
746.8
11.48
788.2
781.6
9407
8041
7272
8578
11141
10566
9236
95.30
78.75
94.35
84.13
332
282
302
329
336
348
363
347
330
357
350
19477
12,640
r7
21,525
r7
18,935
12,080
do
do ...
do
do
do
Truck trailers and chassis, complete (excludes
Vans t
do
Trailer bodies (detachable), sold
separately "j"
do
Trailer chassis (detachable), sold
separately 1"
do
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all
railroads and private car lines (excludes
rebuilt cars and cars for export):
Shipments
number
do
j
, '"
Freight cars (revenue), class 1 railroads(AAR): $
Number owned end of period
thous
Capacity (carrying), total, end of month
Average per car
See footnotes at end of tables.
20638
45.7
1383
do
do
do
Imports (BuCensus), including separate
chassis and bodies
thous
Registrations <}, new vehicles, excluding buses
New orders
TT Til r\ ™| manurac urerb .
„
, '
f ,*^
5
27 769
5
19 973
5
86900
56716
84897
tons
\
27 350
5
22
5
5
5395
5455
12443
5837
5914
131 86
5714
5703
1267
73848
846 89
8206
6031
5983
1029
74 53
2 430
2977
265
253
103 864
70437
120 658
85067
12586
9380
13 102
9680
645
13 877
116,276
5
74 246
5
48,953
5
12,905
13 782
10182
3
3
19731
15421
17 341
12597
19 237
13668
17788
12127
20202
13473
6
19982
13,243
4075
2698
214
224
677
88
98
47
15
47
75
31
4 128
4406
580
923
824
1638
1398
2062
1,742
2,614
2,592
2,398
'5772
'5 570
'5964
'5 962
3 271
3 271
736
736
642
642
3 368
3368
615
615
351
351
3 156
3 156
745
745
805
805
3 271
3 271
415
415
2736
2736
5 553
5553
528
528
1,523
1 523
6 548
6548
894
894
1213
1 213
6 928
6928
722
722
672
672
5?177
5 177
755
755
1301
1 301
5723
5723
1,771
1 771
2,994
2744
7 267
7017
1,327
1327
607
607
6821
6571
1
17 236
1
15 515
1
1 071
jg 321
4 29^
4 095
14,425
7
r7
163
106
2,848
2,292
1,300
1300
785
785
6306
6,056
1,465
1465
775
775
5616
5366
I'2)
(2)
1,295
1,295
1,578
1,422
5,899
5,493
1039
1007
1015
1011
1007
1006
1,001
996
992
986
979
975
972
967
958
84 87
8168
8296
8237
83 43
8224
83 20
8229
82 96
8237
8296
8243
82 60
8252
82 22
8256
8200
8264
81 54
8273
81 06
82.83
8084
82.90
8066
82.96
80 21
82.96
7971
83.18
S-33
SURVEY OF CURRENT BUSINESS
December 1984
FOOTNOTES FOR PAGES S-l THROUGH S-32
General Notes for all Pages:
r
p
e
c
Revised.
Preliminary.
Estimated.
Corrected.
Page S-l
Page S-7
t Revised series. See Tables 2.6-2.9 in the July 1984 SURVEY for revised estimates for
1981-84.
$ Includes inventory valuation and capital consumption adjustments.
§ Monthly estimates equal the centered three-month average of personal saving as a
percentage of the centered three-month moving average of disposable personal income.
1. Computed from cumulative valuation total.
2. Index as of Dec. 1, 1984: building, 357.9; construction, 388.3.
* Includes data for items not shown separately.
§ Data for Dec. 1983, and Mar., May, Aug., and Nov. 1984 are for five weeks; other
months four weeks.
t Data for seasonally adjusted housing starts have been revised from 1981-83, and are
available upon request.
$ Data for seasonally adjusted building permits have been revised from Jan. 1982-Mar.
1984, and are available upon request.
@ Unadjusted data for manufacturers' shipments of mobile homes for January 1982
through November 1983 and seasonally adjusted data for January 1981 through November
1983 have been revised and are available upon request.
Page S-2
1. Based on data not seasonally adjusted.
# Includes data not shown separately,
t See note "$" for p. S-8.
t See note "t" for p. S-8.
tt See note "tt" for p. S-3.
@ Revised series. For manufacturing see note "tt" for p. S-3. For retail see note "$" for
p. S-8. For wholesale see note "t" for p. S-8.
§ Revised series. Data have revised back to 1981, effective with the August 1984 SURVEY. Revisions are available upon request.
Page S-3
# Includes data for items not shown separately.
$ See note "$" for p. S-8.
t See note "t" for p. S-8.
tt Effective May 1984 SURVEY, data have been revised for Jan. 1977-Dec. 1983. A
detailed description of this revision and data appear in the report "Manufacturers' Shipments, Inventories, and Orders" M3-1.13 (1977-1983), copies of this report can be purchased from the Superintendent of Documents, U.S. Government Printing Office, Washington,
DC 20402. A computer tape of the report, including data back to 1958 can be purchased
from the Data User Services Division, Customer Services Branch, Bureau of the Census,
Washington, DC 20233.
@ See note "@" for p. S-2.
§ See note "§" for p. S-2.
Page S-4
1. Based on data not seasonally adjusted.
# Includes data for items not shown separately.
$ Includes textile mill products, leather and products, paper and allied products, and
printing and publishing industries; unfilled orders for other nondurable goods industries
are zero.
t See note "tt" for p. S-3.
O For these industries (food and kindred products, tobacco, apparel and other textile
products, petroleum and coal, chemicals and allied products, and rubber and plastics products) sales are considered equal to new orders.
Page S-5
1. Based on unadjusted data.
2. The annual liabilities figure for 1982 is $15,610,792,000.
(d Compiled by Dun & Bradstreet, Inc. Monthly data are now available through 1982,
and are available upon request.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
J See note "$" for p. S-4.
t Effective with the Feb. 1984 SURVEY, data (back to 1981 for some commodities) have
been revised. Effective with July 1984 SURVEY, data for 1982-83 have been revised. These
revisions are available upon request.
O Beginning with data for January 1983, the index is affected by a change in methodology used to compute the homeownership component. For additional information regarding
this change, see p. S-36 of the Feb. 1983 SURVEY.
* New series.
tt See note "tt" for p. S-3.
Page S-8
1. Advance estimate.
,
2. Direct endorsement cases are included beginning withJune data.
0 Home mortgage rates (conventional first mortgages) are under money and interest
rates on p. S-l4.
§ Data include guaranteed direct loans sold.
* Includes data for items not shown separately.
t Effective April 1984 SURVEY, wholesale trade data have been revised for Jan. 1978-Dec.
1983. A detailed description and the revised series appear in the report "Revised Monthly
Wholesale Trade" BW-13-83s, available from the Bureau of the Census, Washington, DC
20233; $2.50 per copy.
$ Effective April 1984 SURVEY, retail trade data have been revised for Jan. 1978-Dec.
1983. Revised data and a summary of changes appear in the report "Revised Monthly Retail
Sales and Inventories" BR-13-83s, available from the Bureau of the Census, Washington,
DC 20233; $2.75 per copy.
* New series. Annual data for earlier periods are available upon request. Monthly data
for earlier periods will be available later.
Page S-9
1. Advance estimate.
* Includes data for items not shown separately.
O Effective with the January 1984 SURVEY, the seasonally adjusted labor force series
have been revised back to January 1979. Revised monthly series appear in the February
1984 issue of Employment and Earnings.
t The participation rate is the percent of the civilian noninstitutional population in the
civilian labor force. The employment-population ratio is civilian employment as a percent
of the civilian noninstitutional population, 16 years and over.
$ See note "$"/for p. S-8.
* New series.
@ Data include resident armed forces.
Page S-10
§ These unemployment rates are for civilian workers only. The unemployment rate for
all workers, including the resident armed forces, was 7.0 in Nov. 1984.
O See note "O" for p. S-9.
* New series.
t Effective June 1984 SURVEY, data have been revised back to April 1982 (not seasonally adjusted) and January 1979 (seasonally adjusted) based on the March 1983 benchmark, an improved method for estimating the employment effect of new firms entering the
economy, and revised seasonal factors. The June 1984 issue of "Employment and Earnings" contains a detailed discussion of the effects of the revisions.
Page S-l 1
$ This series is not seasonally adjusted because the seasonal component is small relative
to the trend-cycle and/or irregular components and consequently cannot be separated with
sufficient precision.
O Production and nonsupervisory workers.
* New series.
t See note "t" for p. S-10.
Page S-6
Page S-12
§ For actual producer prices or price indexes of individual commodities, see respective
commodities in the Industry section beginning p. S-19. All indexes subject to revision four
months after original publication.
# Includes data for items not shown separately.
* New series. This index (first shown in the Feb. 1984 SURVEY) reflects costs associated
with homeowners' consumption of shelter service. This new index combines the subindexes
of owners' equivalent rent and household insurance. Indexes prior to Dec. 1982 are not
available. For additional information, see p. S-36 of the Feb. 1983 SURVEY.
$ Effective with the Feb. 1984 SURVEY, data have been revised back to 1979 to reflect
updated seasonal factors and are available upon request.
t Effective with the Feb. 1984 SURVEY, data back to 1979 have been revised and are
available upon request.
O See note "O" for p. S-5.
1. This series is not seasonally adjusted because the seasonal component is small relative
to the trend-cycle and/or irregular components and consequently cannot be separated with
sufficient precision. Use the corresponding unadjusted series.
0 Production and nonsupervisory workers.
$ Earnings in 1977 dollars reflect changes in purchasing power since 1977 by dividing by
Consumer Price Index.
§ Wages as of Dec. 1, 1984: Common, $15.82; Skilled, $20.84.
* New series.
@ New series. The Employment Cost Index (ECI) is a quarterly measure of the average
change in the cost of employing labor. See p. S-36 of the August through October 1984
issues of the SURVEY for a brief description of the ECI.
t Excludes farm, household, and Federal workers.
tt See note "f'for p. S-10.
S-34
SURVEY OF CURRENT BUSINESS
December 1984
Page S-13
Page S-16
1. Average for Dec.
2. Reported annual; monthly revisions are not available.
3. Effective December 1, 1982, there was a break in the commercial paper series because
of changes in reporting panels, modifications to reporting instructions and corrections to
misreported bank data.
$ Effective January 1984, series revised due to changes in the reporting panel and in the
item contents. The new panel includes 168 banks that had domestic office assets exceeding
$1.4 billion as of December 31,1982.
# Includes data for items not shown separately.
$$ Reflects offsetting changes in classification of deposits of thrift institutions. Deposits of thrifts were formerly grouped with deposits of individuals, partnerships, and corporations, instead of with deposits of commercial banks in the United States.
* "Transaction balances other than demand deposits" consists of ATS, NOW, super
NOW, and telephone transfer accounts, which formerly were classified with savings deposits. "Nontransaction balances" reflects the combination of deposits formerly reported separately as time deposits and the savings deposits remaining after deduction of the items now
reported separately under "transaction balances."
§ Excludes loans and federal funds transactions with domestic commercial banks and
includes valuation reserves (individual loan items are shown gross; i.e., before deduction of
valuation reserves).
0 Securities of Federal agencies and corporations have been shifted out of "other securities" and are now combined with U.S. Treasury securities. Also, loan obligations of States
and political subdivisions have been shifted out of "other securities" and are now shown
separately among the loan items.
@ 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.
@@ Insured unemployment as a percent of average covered employment in a 12-month
period.
1. The Aaa public utility average was suspended Jan. 17, 1984, because of a lack of
appropriate issues. The average corporate and Aaa corporate do not include Aaa utilities
from Jan. 17 to Oct. 12. The Aaa utility average was reinstated on Oct. 12; the Oct.
monthly average includes only the last 14 days of the month.
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.
$ For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
@ Data may not equal the sum of the geographic regions, or commodity groups and
principal commodities, because of revisions to the totals not reflected in the component
items.
O As of Jan. 25, 1984, the base period was changed to 1982= 100.
Page S-14
1. Data are for fiscal years ending Sept. 30 and include revisions not distributed to the
months.
2. Weighted by number of loans.
3. For an explanation of the prime rate and historical data, see p. S-36 of the June or July
1984 SURVEY.
t Effective April 1984 SURVEY, the consumer installment credit series have been revised
back to July 1980 to reflect more complete benchmark data for some of the components.
# Includes data for items not shown separately.
O Adjusted to exclude domestic commercial interbank loans and federal funds sold to
domestic commercial banks.
$ Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent.
$$ Courtesy of Metals Week.
@@ Average effective rate
* New series.
PageS-15
1. Beginning 1983, the reporting frequency has been changed from a monthly to a quarterly basis.
2. This series has been discontinued.
t Effective Feb. 1984 SURVEY, the money stock measures and components have been
revised back to 1959 and are available from the Banking Section of the Division of Research
and Statistics at the Federal Reserve Board, Washington, D.C. 20551
t Composition of the money stock measures is as follows:
Ml.—This measure is currency plus demand deposits at commercial banks and interestearning checkable deposits at all depository institutions—namely NOW accounts, automatic transfer from savings (ATS) accounts, and credit union share draft balances—as well
as a small amount of demand deposits at thrift institutions that cannot, using present data
sources, be separated from interest-earning checkable deposits.
M2.—This measure adds to Ml overnight repurchase agreements (RP's) issued by commercial banks and certain overnight Eurodollars (those issued by Caribbean branches of
member banks) held by U.S. nonbank residents, money market mutual fund shares, and
savings and small-denomination time deposits (those issued in denominations of less than
$100,000) at all depository institutions. Depository institutions are commercial banks (including U.S. agencies and branches of foreign banks, Edge Act corporations, and foreign investment
companies), mutual savings banks, savings and loan associations, and credit unions.
M3.—This measure equals M2 plus large-denomination time deposits (those issued in denominations of $100,000 or more) at all depository institutions (including negotiable CD's) plus
term RP's issued by commercial banks and savings and loan associations.
L—This broad measure of liquid assets equals M3 plus other liquid assets consisting of
other Eurodollar holdings of U.S. nonbank residents, bankers acceptances, commercial
paper, savings bonds, and marketable liquid Treasury obligations.
$$ Includes ATS and NOW balances at all depository institutions, credit union share
draft balances, and demand deposits at thrift institutions.
O Overnight (and continuing contract) RP's are those issued by commercial banks to the
nonbank public, and overnight Eurodollars are those issued by Caribbean branches of member
banks to U.S. nonbank customers.
* New series. For "Other checkable deposits," see also note "$$" for this page.
@ Small time deposits are those issued in amounts of less than $100,000. Large time
deposits are those issued in amounts of $100,000 or more and are net of the holdings of
domestic banks, thrift institutions, the U.S. Government, money market mutual funds, and
foreign banks and official institutions.
# Includes data for items not shown separately.
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.
@@ Annual data for 1978-82 and monthly data for 1982 have been revised to exclude
private placements. Monthly revisions for 1978-81 are not available.
Page S-17
1. Beginning with Jan. 1982 data, the Customs value is being substituted for the f.a.s.
value.
# Includes data not shown separately.
§ Data may not equal the sum of geographic regions, or commodity groups and principal
commodities, because of revisions to the totals not reflected in the components.
Page S-18
1. See note 1 for p. S-17.
2. Annual total; quarterly or monthly revisions are not available.
3. Before extraordinary and prior period items.
4. For month shown.
5. Domestic trunk operations only (averaging about 90 percent of domestic total).
6. Restaurant sales index data represent hotels and motor hotels only.
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled service.
$ Beginning Jan. 1977, Class I railroads are defined as those having operating revenues
of $50 million or more.
O Average daily rent per room occupied, not scheduled rates.
## Data represent entries to a national park for recreational use of the park, its services,
conveniences, and/or facilities.
# New series.
Page S-19
1. Reported annual total; monthly revisions are not available.
2. A portion of data is being suppressed because of not meeting publication standards.
3. Less than 500 short tons.
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
$ Monthly data back to 1981 have been revised and are available upon request.
# New series, first shown in the Mar. 1984 SURVEY. Annual and monthly data back to 1980
are available upon request.
@ Because of deregulation, carriers are free to enter both domestic and international
markets. Previously, carriers were limited either to domestic or overseas markets. Separate
data for domestic or overseas are no longer available.
Page S-20
1. Reported annual total; monthly or quarterly revisions are not available.
2. Annual total includes data for Hawaii; not distributed to the months.
§ Data are not wholly comparable from year to year because of changes from one classification to another.
$ Revised quarterly data for 1981 and 1982 are available upon request.
O Effective 1983, data are based on a new sample of approximately 150 establishments,
which was selected using the 1981 annual survey "Paints and Allied Products" panel as a
universe frame. Comparable data for 1979-82 and revisions for 1983 are available upon
request.
t Effective with the July 1984 SURVEY, data for 1980-82 (and 1975 for revenue from
sales to customers) have been revised and are available upon request.
Page S-21
1. Based on quotations for fewer than 12 months.
2. Crop estimate for the year.
3. Stocks as of June 1.
4. Stocks as of June 1 and represents previous year's crop; new crop not reported until
June (beginning of new crop year).
5. Previous year's crop; new crop not reported until Oct. (beginning of new crop year).
6. See note "@" for this page.
7. Less than 50,000 bushels.
8. Nov. 1 estimate of the 1984 crop.
9. Effective with 1983, figure represents June 1 stocks (based on previous year's crop);
whereas, 1982 and earlier annuals are for stocks ending Dec. 31 of the respective calendar
year. Quarterly estimates are no longer available.
§ Excludes pearl barley.
# Bags of 100 Ibs.
@ Data are quarterly except for June (covering Apr. and May) and Sept. (covering
June-Sept.).
# New series, first shown in the Mar. 1984 SURVEY. Annual and monthly data for earlier
periods are available upon request.
** New series, first shown in the Sept. 1984 SURVEY. Annual and monthly indexes for
earlier periods are available upon request.
S-35
SURVEY OF CURRENT BUSINESS
December 1984
Page S-22
Page S-29
§ Cases of 30 dozen.
O Bags of 132.276 Ibs.
$ Monthly revisions for 1982 are available upon request.
* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly indexes covering wheat for earlier periods are available upon request.
1. See note 1 for p. S-28.
2. Average for 11 months; no price available for Dec. 1983.
O Source: American Paper Institute. Total U.S. estimated consumption by all newspaper users.
t See note "t" for p. S-28.
Page S-23
1. Crop estimate for the year.
2. Nov. 1 estimate of the 1984 crop.
3. Annual total; monthly revisions are not available.
* Totals include data for items not shown separately.
* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly indexes for
earlier periods are available upon request.
t New series.
O Effective Dec. 1983 SURVEY, the footwear production series have been revised back
to Jan. 1981. Effective Dec. 1984 SURVEY, the footwear production series have been revised
back to Jan. 1982.
Page S-24
1. Annual data; monthly revisions not available.
2. Less than 500 short tons.
t New series.
Page S-30
1. Reported annual total; revisions not allocated to the months.
2. Crop for the year.
3. Data cover five weeks; other months, four weeks.
# Includes data for items not shown separately.
O Cumulative ginnings to the end of month indicated.
§ Bales of 480 Ibs.
$ Monthly revisions for 1982 are available upon request.
t Monthly revisions for 1981 and 1982 are available upon request.
@ Effective with the Mar. 1984 SURVEY, sales of regular basecoat and all other building plasters (including Keene's cement) have been combined to represent sales of total
building plasters. For comparability, earlier published figures for these two series should be
combined.
Page S-25
Page S-31
1. Annual data; monthly revisions are not available.
2. For month shown.
t Beginning January 1982, data represent metallic (mostly aluminum) content. Data for
1981 and prior years represent aluminum content only.
* New series. Estimated U.S. free market price, prompt delivery to the Midwest.
1. Monthly data discontinued for the year 1982; reinstated beginning Jan. 1983.
2. Annual total includes revisions not distributed to the months.
3. Average for crop year; Aug. 1-Jul. 31.
4. For five weeks; other months four weeks.
5. Average for 10 months; no data for Jan.-Feb.
6. Less than 500 bales.
7. Average for 9 months; no data for Oct.-Dec.
O Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price
reflects total quantity purchased and dollars paid for the entire month (revised price includes
discounts and premiums).
# Includes data not shown separately.
* New series.
§ Bales of 480 Ibs..
Page S-26
1. Annual data; monthly revisions are not available.
2. Less than 50 tons.
3. Quarterly data were discontinued for 1983 and reinstated beginning first quarter 1984.
O Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
@ All data (except annual-production figures) reflect GSA remelted zinc and zinc purchased for direct shipment.
$ Source for monthly data: American Bureau of Metal Statistics. Source for annual
data: Bureau of Mines.
* Includes data not shown separately.
Page S-27
1. Data withheld to avoid disclosing information for individual companies.
2. Data are for five weeks; other months 4 weeks.
* Includes data for items not shown separately.
§ Includes nonmarketable catalyst coke. See also note "$" for this page.
O Includes small amounts of "other hydrocarbons and alcohol new supply (field production)," not shown separately.
t Effective with the Nov. 1983 SURVEY, data for 1982 have been revised. Effective with
the June 1984 SURVEY, data for 1983 have been revised. Effective with the December 1984
SURVEY, coal production data for 1983 have been revised. These revisions are available
upon request.
* New series. Includes U.S. produced and imported microwave ovens and combination
microwave oven/ranges.
$ Effective with the July 1984 SURVEY, data for 1983 have been revised and are available upon request.
Page S-28
1. Reported annual totals; revisions not allocated to the months.
2. Effective with Jan. 1983, data include road oil. Total road oil data for 1982 were
(thous. bbl.): 591, domestic demand; 610, production; 47, stocks.
t New series. First shown in March 1984 SURVEY. Earlier data are available upon
request.
* New series, first shown in the Feb. 1984 SURVEY. Prices back to 1974 are available
upon request.
* Includes data for items not shown separately.
t Except for price data, see note "$" for p. S-27.
Page S-32
1. Annual total includes revisions not distributed to the months.
2. Production of new vehicles (thous. of units) for Nov. 1984: passenger cars, 678; trucks
and buses, 27'0.
3. Effective with the Feb. 1984 SURVEY, data have been revised back to 1981 to reflect
updated seasonal factors and are available upon request.
4. Monthly data discontinued for the year 1982; reinstated beginning Jan. 1983.
5. Effective with the April 1984 SURVEY, data have been revised back to 4th Qtr. 1980
and are available upon request. Effective with the July 1984 SURVEY, the reporting of
quarterly data has been discontinued; however, the related annual summaries will continue
to be available from the Bureau of the Census.
6. Effective with the July 1984 SURVEY, data for 1983 have been revised and are available upon request.
7. See note "t" for this page.
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and
imported to the U.S. under the provisions of the Automotive Products Trade Act of 1965.
Imports comprise all other cars.
O Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some states
are not available, month-to-month comparisons are not strictly valid.
$ Excludes railroad-owned private refrigerator cars and private line cars.
t Monthly revisions for aircraft shipments and airframe weight for 1982 and 1983 are
available upon request. Monthly revisions for truck trailers, etc. for 1981-83 are available
upon request.
@ Includes passenger vans.
* New series, first shown in the Mar. 1984 SURVEY. Annual and monthly data back to
1967 are available upon request.
tt Includes Volkswagens produced in the U.S.
$$ Sizes (gross vehicle weight) are classified as follows: Light-duty, up to 14,000 Ibs.;
medium r duty, 14,001 - 26,000 Ibs.; and heavy-duty, 26,001 Ibs. and over.
S-36
December 1984
SURVEY OF CURRENT BUSINESS
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economic activity. Features include a review of current economic developments; articles pertaining to BEA's work on the national, regional,
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Business Statistics: 1982. (1983) Provides monthly or quarterly data for
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The Detailed Input-Output Structure of the U.S. Economy, 1977.
(1984) Two volumes. Contains the 1977 input-output study at the 537-industry level.
Vol. I. The Use and Make of Commodities by Industries, 1977. Contains transactions data, purchases by final demand categories, value
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The Input-Output Structure of the U.S. Economy, 1977. (1984) Reprint
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Vol. 1. Summary: Contains estimates for the United States, regions,
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BEA Staff Paper No. 40: Cyclical Adjustment of the Federal Budget
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Fixed Reproducible Tangible Wealth in the United States, 1929-79.
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The National Income and Product Accounts of the United States,
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TO,
SECTIONS
General;
Business indicators ...........................................
Commodity prices .............................................
Domestic trade ................................................
Labor force, employment, and earnings...........
Finance .•.•...*.»•«».«»•.•»«•*••*•,*»•».««»•«»»«»»*»,*»*»*»»**»»***»
Foreign trade of the United States
.
Transportation and communication .................
1-5
5,6
78
8,9
9-13
13-16
16-18
18,19
Industry:
Chemicals and allied products ..............
Electric power and gas ..........................
Food and kindred products; tobacco ....
Leather and products............................
Lumber and products..„*,,*,***»*,».«.».»*»»««
Metals and manufacturers....................
Petroleum, coal, and products ..............
Pulp, paper, and paper products ...........
Rubber and rubber products
Stone, clay, and glass products
Textile products .......................
Transportation equipment ........
19,20
20
20-23
23
23,24
24-27
27,28
28,29
29
30
30-32
Footnotes*......................,
33-3$
32
INDIVIDUAL SERIES
Advertising ...................
Aerospace vehicles.......
Agricultural loans ........
Air carrier operations..
Air conditioners (room)
Aircraft and parts ........
Alcohol, denatured and ethyl
Alcoholic beverages..
Aluminum.................
Apparel ....................
Asphalt,,
2-4, 6, 8,9, 14,15,17,32
Automobiles, etc...
Banking....
Barley
Battery shipments.
Beef and veal .........
Blast furnaces, steel mills .,*„.„„„„„
Bonds, prices, sales, yields ..............
Brick....
.,.*.,.,...*.„.....,.,„.„,,..„»,..
Building and construction materials...
Building costs ......................................
Building permits ..................................
Business incorporation (new), failures
Business sales and inventories ............
Butter...................................................
Carpets.--------....,„...,*..„*.„. — .-------,.„*....,*„
Cattle and calves.........................................
..„*„....
„..„...„
„
»,.„»..*„
27
1
20
1,15
8,9
12
„...„.,**
8,9
,.*..„.... 5,22
,......„.. 2,20
„*„„„*. 2-*5,
10-12,15,27
Employee-hours, aggregate, and indexes.............
11
Employment and employment cost...................... 10-12
Explosives ...«..........,»...,.,...**,..,,......«,M,,*,.*.*..,.«..»
20
Exports (see also individual commodities).......... 16-18
Failures, industrial and commercial....................
5
Farm prices ..........................................................
5,6
Fats and oils .,......*..„„*„....„...,......*,**,**„**.*..,.„*.,.
17
Federal Government finance*..*.,,,...........,..*..,.,**.. 14
Federal Reserve banks, large commercial...........
13
Federal Reserve member banks...........................
13
Fertilizers,.,.,........,..»...*„».,.*„.„.........„..*,...„,,......
19
Fish........................................................................
22
Flooring, hardwood ,.,..,..*..,..,»„»*„...........,...,.„,„„
24
Flour, wheat.........................................................
22
Food products *„.„*...—*„.. 2-6,8,10-12,15,17, 20-23
Foreign trade (see also individual commod.)...... 16-18
Freight cars (equipment)......................................
32
Fruits and vegetables ...........................................
5
Fuel oil „*..„.,.„*....,.......,„.„.,«.„....,.......,....„..*..... 6,28
Fuels „*.,.....,„,.........*„.*.„„...„„....,...,.„*„. 2, 6,17,27, 28
Furnaces „.........,.....,*„„»....*...........„„,..,.„.,*.*...„..
27
Furniture......,...*,,,,,*,,,..*..*..*...,.,*,.*,.,.....*.........* 2, 6,8-12
Gas, output, prices, sales, revenues.
Gasoline............................................
Glass and products ...........................
Glycerin.....,,.,.*..,,.............,...*,,*,.......
Gold ......**„.„........„......**„..............»..,
Grains and products.........................
Grocery stores ..................................
Gypsum and products .......................
„ 2, 6, 20
28
30
19
14
5, 21, 22
9
Hardware stores ........„*,,*..„..„........„„„—...........
Heating equipment...............................................
Help-wanted advertising index .„......,..„„*,.„„.„..
Hides and skins....................................................
Hogs .***...**.,...«...,,,,.,,,,.......,.........,..,,,...,.«.........,*
Home loan banks, outstanding advances ............
Home mortgages ..................................................
Hotels, motor hotels and economy hotels...........
Hours, average weekly..,.,.............*.,....................
30
8
26
12
6
22
8
8
18
11
Housefurnishings „*.,.*,...........*.,.„.„„.»„„...... 2, 4, 6, 8, 9
Household appliances, radios, and television sets
Housing starts and permits..................................
31
22
30
Chain-store sales, firms with 11 or more
stores (retail trade) ...........................................
9
Cheese...................................................................
21
Chemicals_________________. —,— . 2-4, 10-12, 15, 17, 19, 20
Cigarettes and cigars ............................................
23
Clay products ................»„.,...........„.„.„*„.,„„..„. 2-4, 30
Clothing (see apparel)
2,27
Coal...................„*,.„....
Cocoa..........................................................
22
22
Coffee ..............„.*.„..„.,.„....«*...,.„**„„..,..„
27
Coke..........................................................,
Combustion, atmosphere, beating equipment ......................................................
26
15,19
Communication ...
Construction:
Contracts ........
7
7
Employment, unemployment, hours,
earnings...........................................
...... 10-12
Housing starts ....................................
......
7
......
7
New construction put in place ...........
......
14
Consumer credit .....................................
......
1, 2
Consumer goods output, index ..............
Consumer Price Index ...........................
......
5, 6
...... 25, 26
Copper and copper products ..................
......
21
Cost of living (see Consumer Price Index).......*..
5, 6
Cotton, raw and manufactures....*....,................ 5, 30, 31
Credit, commercial bank, consumer ....................
14
Crops ,.„........„..„.„„„„*„,*,.„......„......„*„„„. 5, 21, 23, 30
Crude oil ,.„„...„...„......„...„.,.„.*„.„*.„....,«....«..... 3, 27
Currency in circulation ........................................
15
Dairy products *„„..,.„„..*..,..............„.,.*„*.,.....,... 5, 21
Debt, U.S. Government ..... —.------------*,.*.....,..„...
14
Deflator, PCE ..............„**,.,„„*,..„*.,.,...„...*...„*„*
1
Department stores, sales, inventories ..................
9
Deposits, bank ,*,,.*,.*..*.,,*o........______.--------.,***. ------ 13, 15
Dishwashers and disposers..,..,.,.,........
Disposition of personal income ..........
Distilled spirits .„.„...„......*,*.„„....„*.„.
Dividend payments..............................
Drugstores, sales.................................
Earnings, weekly and hourly ..............
Eating and drinking places.................
Eggs and poultry .,..*............................
Electric power ....,**,,**„*.**„.„........,.,**.,
Electrical machinery and equipment...
27
7
Imports (see also individual commodities)
Income, personal ................................
Income and employment tax receipts
Industrial production indexes:
By industry.....................................
By market grouping.......................
Installment credit...............................
Instruments and related products
Interest and money rates ...................
Inventories, manufacturers' and trade .....
Inventory-sales rates ..........................
Iron and steel......................................
2,15,24,25
Labor force **,*
9,10
Lamb and mutton....
22
Lead...
26
Leather and products.....
2,6,10-12, 23
.... 5,22
Livestock ...
Loans, real estate, agricultural, bank (see also
Consumer credit) .......,.*..*..,.*„...........,......„„„„ 8,13
Lubricants ..........*,.».*...,...........*..«,.,,......,.....,,...,,,
28
Lumber and products ...„*„,
... 2, 6,10-12,23, 24
Machine tools .............*.,„„............*.„„.»...........,...
26
Machinery
........
2-6,10-12,15,17,26, 27
Manufacturers* sales (or shipments), inventories,
orders ,..............„*.................«,.*..„„..............„*.
3-5
Manufacturing employment, unemployment,
production workers, hours, earnings ............... 10-12
Manufacturing production indexes,,...,..,..,.........*
1, 2
Meat animals and meats...................................... 5, 22
Medical care .„....„.„...»...„.„...„„...».....,....„.„.„..»
6
Metals................*.*........,...........*..* 2-6,10-12,15, 24-26
Milk.*.....,.,,,,...,.....,..*...,.,**,.....,......,...,..,.,....*,.......
21
Mining .„......,..,...,.*,..„..,...„......„..*..,.„.„.,...*,*,.. 2,10-12
Mobile homes, shipments, installment credit...... 7,14
Monetary statistics .».*.,*,„........„.*,.„„„„.„„.*..*,.„
15
Money and interest rates.....................................
14
Money supply ......................................................
15
Mortgage applications, loans, rates.................. 8,13,14
Motor carriers......................................................
18
Motor vehicles ,*.„*,..........—,*,... 2-4,6, 8, 9,15,17,32
National parks, visits...........................................
18
Newsprint .,*,*.„..*..,..*.....
............,*..**.„„„«,
29
New York Stock Exchange, selected data..........
16
Nonferrous metals*....,.,.*..,,.*.,. ,.,..., 2,4, 5,15, 25,26
Oats ............«,...,.,**,,,*...................,*,,**.**,.......*..*.,*
21
Oils and fats ,...„.............„„*„.,*..„..«.«...*,..,**.*»«.
17
Orders, new and unfilled, manufacturers'...........
4,5
Outlays, U.S* Government,,.,.*,,**,.,.,..,.,.........,*,,,.
14
20
Paint and paint materials .....
,„„*„..*.......... 2-4,
Paper and products and pulp...
6,10-12,15,28,29
Parity ratio*..**.,....................,*.,,.....*..*.....*.....,**.**,
5
Passenger cars*.....,....*,.*.,*
2-4, 6, 8,9,15,17, 32
Passports issued ...................................................
18 '
Personal consumption expenditures ....................
1
Personal income ............,........,.,.*.....................,...
1
Personal outlays...................................................
1
Petroleum and products....................................... 2-4,
10-12,15,17, 27, 28
Pig ,iron .....„.„...*,**„*„............,*.,.*.*,.....«.,.«...„.,*.»
24
Plastics and resin materials.................................
20
Population............................................................
9
Poultry and eggs **..**»,*.,*,...«.....«..**...»....,**.*.«»..»»,». 5,22
Price deflator, implicit (PCE).............................
1
Prices (see also individual commodities).............
5,6
Printing and publishing ,....*,„..„........„.„,*,„„..„ 2,10-12
Private sector employment, hours, earnings.................................................................... 10*12
Producer Price Indexes (see also individual commodities) ,.„...„..,*....,..„.„*„*„...„.*...**.....„*.*.„...
6
Profits, corporate.*.**,.....,......*......**,.*.....,,,.,,........*
15
Public utilities .„...............»*„„.„..,..,.......... 1, 2, 7,15,20
Pulp and pulpwood ***„*„*«**,*.......«»***,«**««**.,.*,*«»..»..
28
Purchasing power of the dollar ...........................
6
Radio and television
Railroads *
.
Ranges and microwave ovens
Real estate .........
Receipts, U.S. Government.,
Refrigerators and freezers.,.
Registrations (new vehicles)..
Rent (housing)...
Retail trade.......
Rice ..................
Rubber and products (incl. plastics).........
Saving, personal ..................
Savings and loan associations....
Savings deposits ........................
Securities issued .....,......*.,**.....,..
Security markets....„.,...„....».....,
Services****.*.,..,,...........,...,*..,*.**,.
Sheep and lambs ........................
Shoes and other footwear .........
Silver,,,.,.................,,.*.,,.,..........,,
Spindle activity, cotton.............
Steel and steel manufactures ....
Stock market customer financing ..............
Stock prices, yields, sales, etc
2-4,10-12,15, 30
Stone, clay, glass products .*.
,...„„..
..
23
Sugar.**...
..*»..**.....*,....„
...*„.».„.......,
19
Sulfur...,..,................,..*.......
,..„
„.„.
19
Sulfuric acid ....*..*,.*.......„...
Superphosphate .................
31
Synthetic textile products..
Tea imports ....,.....,..........*..„„...........**.»..».„„,»„.,,
23
Telephone and telegraph carriers ........................
19
Textiles and products...
.. 2-4,6,10-12,15,30,31
Tin ........................................................................
26
Tires and inner tubes ...........................................
29
Tobacco and manufactures... ..,*„.„„„ 2-4,10-12, 23
27
Tractors................................. ...,.........,..*.„.,.*„....
Trade (retail and wholesale). ..„.„*„.„„ 2, 3, 5,8-12, 32
„ . .„„.„.„...„
18
Transit lines, urban
.... 6,10-12,15,18
Transportation.......................
Transportation equipment..... ..... 2-6,10-12,15,17, 32
18
Travel..*....,*,.*....,...,
Truck trailers ...........................
32
Trucks*....*.**,,*,,,.....*....,......,*...**,*...„.*„„.........„...*.,
!.."«!!!"»*!,,.,.*!..!,.»
32
Unemployment and insurance,.
U.S. Government bonds...........
U.S. Government finance .........
Utilities.,......*.,,*,,,...*,,,...,.,....*.,,
.,.., 9,10,13
16
14
.... 2, 6, 7,15, 20
Vacuum cleaners .....................
Variety stores ,....*„.............*.*.*,
Vegetables and fruits..............
Wages and salaries..................
Washers and dryers ................
Water heaters „„.„„.*.,..„„..„...
Wheat and wheat flour ...........
Wholesale trade *
.
*.„
Wood pulp ,..........„.„..,»..„....„*
Wool and wool manufactures .
Zinc
*,„......*,.....,.„....
........„.„„
27
9
,..,.M...*L..
5
....,„.„....*
....„.*..„...
1,12
27
27
.„*„„.....*. 21,22
2,3, 5, 8,10-12
...............
28
......„..„*.,
31
...„„**,„...
26
UNITED STATES
GOVERNMENT PRINTING OFFICE
1INTENDENT OF DOCUMENTS
WASHINGTON, D.C. 20402
OFFICIAL BUSINE
Penalty for Private Use, $300
1985 RELEASE DATES FOR BEA ESTIMATES
Subject
Personal Income and Outlays, December 1984
Gross National Product, 4th quarter 1984 (preliminary)
State Personal Income, 3d quarter 1984
Composite Indexes of Leading, Coincident, and Lagging
Indicators, December 1984
Merchandise Trade (balance of payments basis), 4th quarter
1984
Plant and Equipment Expenditures, 1947-83 (revised)
Personal Income and Outlays, January 1985
Gross National Product, 4th quarter 1984 (1st revision)
Composite Indexes of Leading, Coincident, and Lagging
Indicators, January 1985
Summary of International Transactions, 4th quarter 1984 ..
Personal Income and Outlays, February 1985
Gross National Product, 1st quarter 1985 (flash), and 4th
quarter 1984 (2d revision)
Corporate Profits (preliminary), 4th quarter 1984
Composite Indexes of Leading, Coincident, and Lagging
Indicators, February 1985
Plant and Equipment Expenditures, plans for 1985 (revised).
Personal Income and Outlays, March 1985
Gross National Product, 1st quarter 1985 (preliminary)
Corporate Profits, 4th quarter 1984 (revised)
Composite Indexes of Leading, Coincident, and Lagging
Indicators, March 1985
State Personal Income, 4th quarter 1984 and Per Capita
Personal Income 1984 (preliminary)
Merchandise Trade (balance of payments basis), 1st quarter
1985
„
Personal Income for Counties and Metropolitan Areas, 1983
Personal Income and Outlays, April 1985
Gross National Product, 1st quarter 1985 (1st revision)
Corporate Profits, 1st quarter 1985 (preliminary)
Composite Indexes of Leading, Coincident, and Lagging
Indicators, April 1985
Plant and Equipment Expenditures, plans for 1985 (revised).
Summary of International Transactions, 1st quarter 1985....
Personal Income and Outlays, May 1985
Gross National Product, 2d quarter 1985 (flash), and 1st
quarter 1985 (2d revision)
Corporate Profits, 1st quarter 1985 (revised)
Composite Indexes of Leading, Coincident, and Lagging
Indicators, May 1985
Release
Date*
Jan. 18
Jan. 22
Jan. 29
Jan. 31
Feb. 7
Feb. 14
Feb. 20
Feb. 21
Mar. 1
Mar. 18
Mar. 20
Mar. 21
Mar. 21
Mar. 29
Apr.
Apr.
Apr.
Apr.
9
17
18
18
Apr. 30
Personal Income and Outlays, June 1985
Gross National Product, 2d quarter 1985 (preliminary)
State Personal Income, 1st quarter 1985
Composite Indexes of Leading, Coincident, and Lagging Indicators, June 1985
Merchandise Trade (balance of payments basis), 2d quarter
1985
Personal Income and Outlays, July 1985
Gross National Product, 2d quarter 1985 (1st revision)
Corporate Profits, 2d quarter 1985 (preliminary)
Composite Indexes of Leading, Coincident, and Lagging Indicators, July 1985
State Per Capita Personal Income, 1984 (revised)
Plant and Equipment Expenditures, plans for 1985 (revised).
Summary of International Transactions, 2d quarter 1985
Personal Income and Outlays, August 1985
Gross National Product, 3d quarter 1985 (flash), and 2d
quarter 1985 (2d revision)
Corporate Profits, 2d quarter 1985 (revised)
Composite Indexes of Leading, Coincident, and Lagging Indicators, August 1985
Personal Income and Outlays, September 1985
Gross National Product, 3d quarter 1985 (preliminary)
State Personal Income, 2d quarter 1985
Composite Indexes of Leading, Coincident, and Lagging Indicators, September 1985
,
Release
Date*
July 17
July 18
July 30
July 31
Aug. 7
Aug. 19
Aug. 20
Aug. 20
Aug. 30
Sept.
Sept.
Sept.
Sept.
10
11
16
19
Sept. 20
Sept. 20
Sept. 30
Oct. 17
Oct. 18
Oct. 29
Oct. 31
May 7
May
May
May
May
May
8
14
20
21
21
May 30
June 11
June 17
June 19
June 20
June 20
June 28
* These are target dates; estimates may occasionally be released a day
or two earlier or later.
Subject
Merchandise Trade (balance of payments basis), 3d quarter
1985
Personal Income and Outlays, October 1985
Gross National Product, 3d quarter 1985 (1st revision)
Corporate Profits, 3d quarter 1985 (preliminary)
Composite Indexes of Leading, Coincident, and Lagging Indicators, October 1985
Summary of International Transactions, 3d quarter 1985
Plant and Equipment Expenditures, plans for 1985 (revised)
and plans for 1986
Personal Income and Outlays, November 1985
Gross National Product, 4th quarter 1985 (flash), and 3d
quarter 1985 (2d revision)
Corporate Profits, 3d quarter 1985 (revised)
Composite Indexes of Leading, Coincident, and Lagging Indicators, November 1985
Nov. 7
Nov. 20
Nov. 21
Nov. 21
Dec. 2
Dec. 16
Dec. 19
Dec. 20
Dec. 23
Dec. 23
Dec. 30
For information, call (202) 523-0777, Bureau of Economic Analysis, U.S.
Department of Commerce.
@FedFRASER