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December 1989 / Volume 60 Number
12
SURVEY OF CURRENT BUSINESS
1
Business Situation
1
2
5
National Income and Product Accounts Tables
U*S. Department of Commerce
Bofeert A. Mosbacher / Secretary
Michael 1& Darby / Under Secretory
for Economic Affairs
Corporate Profits
NIPA Treatment of the "Bailout" of Thrift Institutions
5
19
Selected NIPA Tables
Reconciliation and Other Special Tables
20
Composite Indexes of Leading, Coincident, and
Lagging Indicators
AHsitiH. Young 7 Qirectw
Carols. Carsott /Deputy ftireetor
22
U.S. International Transactions, Third Quarter 1989
Editor-in-Chief:Carol& Caram
Managing Editor: LelandL, Scott
47
Constant-Dollar Inventories, Sales, and Inventory-Sales Ratios
for Manufacturing and Trade
51
Subject Guide
Bureau of Economic Analysis
Staff Contributes to This Issue: Leo M.
Bernstein, David W, Cartwngfet, Daniel J.
Larkins, Howard Murad, National Income and
Wealth Division, Kofcert E Parke*, Charles S.
Robinson, Joseph 0* Wakefield.
Published
iaonthlyby the Bureatt of Econoinic Analysis of the
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;
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Blue pages: Current Business Statistics
(See page S-36 for subject index to Current Business Statistics)
Inside back cover: BEA Information
!N0m~-^ri*is issue of the Srawar went to the printer on January 3,1900* It
incorporates data from the following monthly BEA news releases^
"" " " " " " ' '•
^
.' .(:;('.:""'; ' v ;;.:-•':;''
Perspjaal Income and Outlays (Dee, 21); and
€ompo|ite Indexes of L0^(liiig, Coincident, and Lagging
Indicators (Dec. 29),
the BUSINESS SITUATION
Corporate Profits
JTROFITS from current production
declined $12x/2 billion in the third
quarter after a decline of $8^2 billion in the second (table I).1 Hurricane Hugo, which ripped into the
southeastern coast of the United States
in late September, caused most of
the third-quarter decline. The payment of almost $9*/2 billion in stormrelated benefits by domestic insurance companies lowered profits of domestic financial corporations by that
amount; in addition, uninsured stormrelated corporate damages reduced
profits—mainly of domestic nonfinancial corporations—about $1^2 billion.
(The October and November "Business
Situation" described the sources used
by BEA for estimating the impact of
the hurricane, the types of property
damage included in the estimates, and
the effect of the storm on incomes other
than corporate profits.)
Domestic nonfinancial
corporations.—For domestic nonfinancial corporations, profits from current production declined $4 billion in the third
quarter after a similar decline in the
second.
(Without the $!1/2 billion
of uninsured storm damages, profits
of domestic nonfinancial corporations
would have declined about $2V2 billion.) Real product of these corporations increased in the third quarter,
but unit profits from current production declined. The decline in unit profits reflected a smaller increase in unit
prices than in unit costs; both labor
and nonlabor unit costs increased.
Profits before tax.—Profits before tax
(PBT) declined $21 billion in the third
quarter after a decline of about the
same size in the second. The current1. Quarterly estimates in the national income and
product accounts are expressed at seasonally adjusted
annual rates, and quarterly changes are differences between these rates.
production measure of profits includes
two adjustments that are not included
in PBT—namely, the inventory valuation adjustment (IVA) and the capital consumption adjustment (CCAdj);
these adjustments convert the inventories and depreciation reported by business to those used in the national income and product accounts (NIPA's).
The IVA increased $14 billion in the
third quarter, somewhat less than in
the second; the CCAdj declined $6
billion in the third quarter, somewhat more than in the second. The
third-quarter increase in the IVA—or,
equivalently, the decline in inventory
profits—resulted from a slowdown in
the rate of increase in inventory prices.
For example, the Producer Price Index, the components of which are a major source of data on inventory prices,
changed little in the third quarter after
a 5-percent increase in the second.
Profits by industry.—The currentproduction measure of profits is not
available by industry; PBT with IVA
is the best measure available. For domestic nonfinancial corporations, PBT
with IVA increased $2 billion in the
third quarter after a slight decline in
Table 1.—Corporate Profits
Change from
preceding
quarter
1989:11 1989:111
Level
1989:111
Billions of dollars
Profits from current production
Domestic
Financial
Nonfinancial
Rest of the world
-8.5
-5.5
-.8
-4.8
-3.0
-12.6
-14.7
-10.8
-3.8
2.1
295.2
249.5
22.8
226.7
45.7
Inventory valuation adjustment
Capital consumption adjustment
Profits before tax
Profits tax liability
Profits after tax
,
17.8
-4.3
-22.0
-9.5
-12.5
14.2
-5.8
-21.0
-12.3
-8.7
-6.3
26.5
275.0
122.6
152.4
Profits by industry:
Profits before tax with IVA
Domestic
Financial
Nonfinancial
Manufacturing
Trade
Transportation and public utilities..
Other
Rest of the world
Receipts (inflows)
Payments (outflows)
-4.2
-1.2
-.7
-.7
-6.2
2.8
-.8
3.5
-3.0
-1.7
1.3
-6.8
-8.9
-10.8
2.0
-3.7
5.0
-1.4
2.2
2.1
1.8
-.4
268.7
223.0
17.8
205.2
86.6
41.9
39.4
37.4
45.7
61.7
15.9
Dollars
Unit prices, costs, and profits of
domestic nonfinancial corporations:
Unit price
Unit labor cost
Unit nonlabor cost
Unit profits from current production
0.012
.010
.005
-.003
0.008
.005
.005
-.002
1.176
.783
.302
.091
NOTE.—Levels of these and other profits series are found in tables
1.14, 1.16, 6.18B, and 7.18 of the "Selected NIPA Tables."
Looking Ahead...
• Regional Differences in Economic Growth. An article accounting for regional differences in per capita personal income growth, updating and extending an earlier article, will appear in an upcoming issue of the SURVEY.
Recruitment..
• Senior Level Positions. In January, BEA expects to begin recruiting for
two senior positions—Associate Director for Regional Economics and Associate Director for International Economics. These are career reserved positions in the Senior Executive Service. For more information, contact the
BEA Administrative Officer (202-523-0508).
SURVEY OF CURRENT BUSINESS
the second. Declining profits in manufacturing and in transportation and
public utilities were more than offset
by increasing profits in trade and in
"other" nonfinancial industries.
Chemical and electric equipment
manufacturers posted large declines
that more than accounted for the $3x/2
billion decline in manufacturing profits. For chemicals, the drop was the
third in succession; for electric equipment, which had registered a modest increase in the second quarter,
the third-quarter drop matched a large
first-quarter decline. Profits of motor
vehicle manufacturers remained negative in the third quarter, partly reflecting the cost of automobile salesincentive programs. The only substantial increase in manufacturing profits was in petroleum; the increase reflected, at least in part, sharply lower
expenditures for cleanup operations associated with the oil spill off the coast
of Alaska in March.
The third-quarter increase in trade
profits was widespread and reflected
the deceleration in inventory prices.
Both wholesale and retail trade registered increased profits, and, within
retail trade, profits of food stores,
auto dealers, and "other" retail increased substantially; only the general
merchandise category of retail trade
declined.
For domestic financial corporations,
a steep third-quarter decline was dominated by property and casualty insurance companies. Without the impact
of the hurricane on insurance companies, the third-quarter decline in financial profits would have been about $lx/2
billion (mainly reflecting reduced profits of commercial banks).
Profits from the rest of the world increased $2 billion in the third quarter. Increased receipts from foreign
subsidiaries of U.S. corporations accounted for 85 percent of the increase;
reduced payments by domestic subsidiaries of foreign corporations accounted for the remainder. Like all
NIPA profits, profits from the rest of
the world exclude capital gains and
losses. In the balance of payments
accounts (BPA's), in contrast, receipts
of income on U.S. direct investment
abroad and payments of income on foreign direct investment in the United
States include capital gains and losses.
These BPA measures are discussed
in "U.S. International Transactions,
Third Quarter 1989" in this issue; the
capital gains are shown in table 2 of
the "Reconciliation and Other Special
Tables."
NIPA Treatment of the
"Bailout" of Thrift
Institutions
The Financial Institution Reform,
Recovery, and Enforcement Act of 1989
(FIRREA) was enacted in August to
resolve the severe financial problems
that besieged thrift institutions during the 1980's. (Thrift, or savings, institutions are depository institutions,
such as savings and loan associations,
that traditionally specialize in financing residential real estate.) This note
briefly traces developments leading up
to the passage of the act and describes
the resulting organizational changes.
Next, it describes the treatment in
the NIPA's of the Federal agencies involved in the supervision of and provision of deposit insurance for depository institutions, with special attention to the transactions involved in the
"bailout" of the thrifts. Then, it describes a change in treatment requiring a correction that was incorporated
into the third-quarter estimates.
Background
December 1989
that were insured by the FSLIC,
these thrifts were indirectly affected.
Various States, including Texas and
California, had already given Statechartered thrifts similar, but even
broader, authority to expand the types
and extent of their investment activities. In the wake of the 1982 act, such
legislation proliferated.
At the time of the passage of these
two Federal acts, the thrift industry
faced a divergence in interest rates.
On the one hand, thrifts had to pay
high rates to savers in order to avoid
losing their deposits to competitors,
such as money market funds, that had
no regulatory limit on interest paid.
On the other hand, thrifts' interestbearing assets were concentrated in
long-term home mortgages with low,
fixed rates of interest. During 1981
and 1982, savers withdrew nearly $32
billion more than they deposited in
FSLIC-insured thrifts. This disintermediation, coupled with bad management and investment decisions, laid
the foundation for a crisis that began
in the 1982-83 recession. Reflecting
failures and mergers of solvent institutions, the number of FSLIC-insured
thrifts dropped from 4,250 at the beginning of 1980 to 3,447 at the beginning
of 1988. Of the remaining institutions,
the FSLIC identified 259 as likely to
need financial assistance to resolve
their problems and another 252 that
were considered insolvent under generally accepted accounting practices. In
mid-1988, the FSLIC estimated that
the cost of resolving these 511 insolvencies was $30.9 billion. A year later,
when Congress passed FIRREA, the
estimated cost of dealing with deposit
payouts, financial assistance, and the
interest on the funds borrowed for the
bailout ranged from $150 billion to
$160 billion.
The FIRREA dissolved the FSLIC
(and the Federal Home Loan Bank
Board; which supervised it) and replaced it with several new organizations.
In addition, the act increased the premium to be paid by
insured institutions for deposit insurance and increased the tangible capital
requirements—that is, the ratio of capital to assets—that institutions must
maintain to remain in business. The
five new organizations dealing with
thrifts and the one dealing with commercial banks are as follows:
Early in the 1980's, new Federal
and State laws—particularly two Federal laws, the Depository Institutions
Deregulation and Monetary Control
Act of 1980 and the Garn-St Germain
Depository Institutions Act of 1982—
radically altered the activities of the
thrift industry. The 1980 act phased
out many of the restrictions on interest rates paid by both federally regulated commercial banks and thrifts,
and it increased the limit on deposit
insurance from the Federal Deposit Insurance Corporation (FDIC) for banks
and from the Federal Savings and
Loan Insurance Corporation (FSLIC)
for thrifts from $40,000 to $100,000
per depositor. The 1982 act eliminated
the statutory differential between ceilings on interest rates paid by commercial banks and those paid by thrifts
and accelerated the phaseout of interest rate restrictions begun by the 1980
act. The 1982 act also broadened the
investment powers for thrifts, authorizing them to make commercial, corporate, business, or agricultural loans
up to 10 percent of their assets and
to increase the percentage of their assets held in loans secured by nonresidential real estate, in consumer loans,
and in State and local government
The Savings Association Insurance
obligations.
Fund (SAIF).—The SAIF, a separate
Although these laws did not di- fund under the jurisdiction of the
rectly apply to State-chartered thrifts FDIC, insures deposits up to $100,000
December 1989
per thrift depositor. The SAIF collects
premiums but will not be responsible
for any financial assistance or for any
insured deposit payouts until after August 1992.
The Resolution Trust Corporation
(RTC).—The RTC is to merge or liquidate thrifts that fail between January 1, 1989 and August 8, 1992. The
RTC, which will automatically terminate operations at the end of 1996, is
to provide all financial assistance and
make all insured deposit payouts resulting from failures prior to August
1992. The RTC also is to manage and
dispose of the assets and liabilities in
its possession. When the RTC terminates operations, all remaining assets
and liabilities will pass to the FSLIC
Resolution Fund.
The FSLIC Resolution Fund.—The
FSLIC Resolution Fund, a separate
fund under the jurisdiction of the
FDIC, is to assume and dispose of all
the assets and liabilities of the FSLIC
except those expressly transferred or
assumed by the RTC. The FSLIC Resolution Fund will be financed in part
by a share of the premiums paid by insured thrifts.
The Office of Thrift Supervision
(OTS).-The OTS, an office in the Department of the Treasury, will examine and supervise all thrifts and will
have all the regulatory powers previously vested in the Federal Home Loan
Bank Board.
The Resolution Funding Corporation.—This corporation is to sell $50
billion of 30-year bonds to finance the
initial bailout of the failed thrifts. Interest on the bonds will be paid by the
RTC and the Department of the Treasury.
The Bank Insurance Fund (BIF).—
The BIF, a separate fund under the jurisdiction of the FDIC, insures deposits
up to $100,000 per depositor at commercial banks. The BIF collects premiums and makes any necessary insured
deposit payouts.
NIPA treatment
In the NIPA's, the FDIC and the
FSLIC prior to the enactment of FIRREA and now the FDIC, the SAIF,
the RTC, the FSLIC Resolution Fund,
and the BIF are treated as government
enterprises.2 Under the enterprise
2. Government enterprises are agencies that cover a
substantial proportion of their operating costs by selling
goods and services to the public and that maintain separate accounts. For a complete discussion of the NIPA
treatment of government enterprises, see Government
Transactions, BEA Methodology Paper No. 5 (Washington, DC: U.S. Government Printing Office, 1988), 6-7.
SURVEY OF CURRENT BUSINESS
treatment, the income of the agency is
considered a nonfactor charge against
GNP and is included as part of the
"current surplus of government enterprises." The current enterprise surplus of the FSLIC and the FDIC had
been calculated as the deposit insurance premiums received from insured
institutions less the agency's operating expenses. For the NIPA's, these
expenses included net payouts to depositors in failed institutions—that is,
the difference between the payment to
depositors and the proceeds from the
sale by the agency of any assets of
such institutions. These expenses excluded various types of financial assistance provided by the FSLIC or the
FDIC, such as payments to a "healthy"
institution to facilitate their acquisition of, or merging with, a failing one.
The financial assistance was treated as
an asset transfer, which is excluded
from GNP and charges against GNP
because it does not arise from current
production.
Deposit insurance premiums lowered the profits of the thrift and banking industries and increased the enterprise surplus by equal amounts.
Charges against GNP were unaffected,
and the Federal surplus was increased.
Net payouts reduced the enterprise
surplus and, because there was no offsetting entry in any other factor or nonfactor charge, reduced charges against
GNP. The Federal surplus also was reduced. Because the net payouts reduced charges against GNP but did
not affect GNP, they contributed to the
NIPA statistical discrepancy, which is
the difference between GNP and the
charges against GNP—totals that are
equal in principle but not in practice
because they are estimated independently. (More recently, there also have
been interest payments on money borrowed by the Resolution Funding Corporation to finance the bailout. Interest payments by government enterprises are treated as interest paid by
general government, not expenses of
the government enterprise. They do
not affect charges against GNP, but
they reduce the Federal surplus.)
BEA identified two problems with
its current treatment of the FSLIC
and the FDIC. The first is the statistical discrepancy to which the treatment
gives rise. The second relates to the
treatment of FSLIC and FDIC losses,
which is inconsistent in that the enterprise surplus is reduced by losses
generated by deposit payouts but not
Table 2.—Selected Federal Government Expenditures, 1980-89:111
[Billions of dollars, quarters at seasonally adjusted annual rates]
1980
1981
1982
1983
1984
iQoe
1QOA
1087
1989
1QOO
II
I
m
Published
Expenditures
Subsidies less current surplus of
government enterprises
Current surplus of government
enterprises
FSLIC
FDIC
Surplus or deficit (—)
615 1
7033
781 2
8359
8956
11.5
12.3
160
229
21 2
-1.2
3
3
-5
4
-9
3
5
-1 2
3
7
-1 0
6
12
9856 1 0348 1 0728 1 118 3 1 1837 1 1986 1 1905
203
260
326
360
385
353
220
19
18
12
5
16
9
-1 8
16
7
71
14
13
-43
68
14
5
37
j
12
—1 4
10
-61.3
-63.8 -145.9 -176.0 -169.6 -196.9 -206.9 -161.4 -145.8 -147.5 -145.4 -147.4
Corrected
Expenditures
6151
7033
781 1
8359
895 1
Subsidies less current surplus of
government enterprises
11 5
123
159
229
207
20 1
255
31 6
325
Current surplus of government
enterprises
FSLIC
FDIC
-1 2
.3
.3
-5
-9
3
6
-1 2
3
8
14
9
13
20
19
13
10
18
14
—8
19
15
-637 -145 8 -1760
1692
1967
206 3
-.4
-2
Surplus or deficit (—)
-61 3
.4
9854 1 0342 1 071 8 1 114 8 1 1802 1 1946 1 188 5
350
31 3
200
36
8
16
18
16
15
28
16
15
17
16
15
1603 —1424
1440
141 4 —145 4
-5
-10
-35
-35
-40
20
Amount of correction
Expenditures
Subsidies less current surplus of
government enterprises
Current surplus of government
enterprises
FSLIC
FDIC
Surplus or deficit (—)
-1
-.1
-1
-.4
-2
-5
-1 0
-35
-35
-40
20
.1
.1
4
3
2
5
1
4
10
2
g
35
1
30
4
35
31
4
40
30
10
20
17
3
2
5
10
35
35
40
20
1
t
1
4
NOTE.—Federal Government expenditures and subsidies less current surplus appear in NIPA table 3.2; current surplus of government
enterprises appears in NIPA table 3.12.
FSLIC Federal Savings and Loan Insurance Corporation
FDIC Federal Deposit Insurance Corporation
SURVEY OF CURRENT BUSINESS
by the losses generated by financial
assistance associated with the sale or
merger of failing institutions.
To deal with the inconsistent treatment of losses, either (a) financial assistance provided by the FSLIC or the
FDIC must be allowed to reduce the
enterprise surplus or (b) net payouts
to depositors must not be allowed to
reduce the enterprise surplus. Under
option (b), the statistical discrepancy
problem disappears; under option (a),
it is necessary to deal with the problem
by adding an offset in charges against
GNP for not only the financial assistance but also for the net payouts.
Under option (a), all losses could be
treated as charges for bad debts. The
enterprise surplus would be reduced by
these losses and an offsetting amount,
known as a defaulter's gain, would be
added to the profits of the thrift or
banking industry on the premise that
the industry, by not paying off debts
and "transferring" them to the government, gains the value of the debts.
This alternative is analogous to the
current treatment of bad debts of private businesses. This alternative was
rejected because of the anomalous effect it would have on NIPA profits and
the Federal fiscal position: Savings
and loan failures would increase profits when the failed institutions were
closed, and the losses would increase
the NIPA Federal Government deficit,
indicating increased fiscal stimulus.
BEA has decided that option (b) is
most appropriate—that all losses are
best regarded as asset transfers. Such
transfers are excluded from GNP and
charges against GNP because they do
not arise from current production. This
decision means that the net payouts
should have been excluded in measuring the enterprise surplus, as were the
various types of financial assistance
provided by the FSLIC or the FDIC.
Typically, when BEA uncovers a
problem, such as the inconsistent
treatment of the FSLIC and FDIC
losses, the correction is made at the
next annual revision, which in this
case will be in July 1990. If the correc-
December 1989
tion affects the estimates of more than
the 3-year period covered by an annual revision, the corrections to other
years would be made at the time of
the next comprehensive revision. However, because net payments to depositors may become very large before next
July, BEA has decided to introduce the
correct treatment effective with the release of the final third-quarter NIPA
estimates, which appear in this issue
of the SURVEY.
The corrections affect total Federal Government expenditures and the
current surplus of government enterprises. In the third quarter of 1989, the
correction reduced expenditures and
raised the current surplus of government enterprises $2.0 billion at a annual rate (table 2). For 1986 through
the second quarter of 1989, the corrections ranged from $0.5 billion to $4.0
billion, and they will be incorporated
in July 1990. Corrections for earlier
periods, which are very small, will be
introduced in July 1991.
SURVEY OF CURRENT BUSINESS
December 1989
National Income and Product Accounts Tables
Selected NIPA Tables
New estimates in this issue: Third quarter 1989, revised.
The selected set of 54 national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are updated
monthly. (In most of these tables, annual estimates are also shown.) The full set of 132 tables usually shown in July presents annual NIPA
revisions. For more information on the presentation of the estimates, see "National Income and Product Accounts Estimates: When They are
Released, Where They Are Available, and How They Are Presented" in the July 1988 SURVEY.
The full set of estimates for 1986-88 is in the July 1989 issue of the SURVEY; estimates for 1985 are in the July 1988 issue; estimates for
1984 are in the July 1987 issue; estimates for 1983 are in the July 1986 issue. Estimates for 1929-82 are in National Income and Product
Accounts, 1929-82: Statistical Tables (GPO Stock No. 003-010-00174-7, price $23.00). These publications are available from the Superintendent
of Documents; see address on inside front cover.
The full set of NIPA tables is available on diskette for $200 per year (12 updates, for the quarterly estimates prepared each month). For more
information, write to the Bureau of Economic Analysis (BE-54), U.S. Department of Commerce, Washington, DC 20230.
Table 1.1.—Gross National Product
Table 1.2.—Gross National Product in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1987
1988
1988
II
in
IV
Gross national product
4,524.3 4,880.6 4,838.5 4,926.9 5,017.3
Personal consumption expenditures "... 3,010.8 3,235.1 3,204.9 3,263.4 3,324.0
Durable goods
421.0 455.2 454.6 452.5 467.4
Nondurable goods
998.1 1,052.3 1,042.4 1,066.2 1,078.4
Services '
1,591.7 1,727.6 1,707.9 1,744.7 1,778.2
Gross private domestic investment
1987
1989
I
II
II
HI'
5,113.1 5,201.7 5,281.0
3,381.4 3,444.1 3,508.1
466.4 471.0 486.1
1,098.3 1,121.5 1,131.4
1,816.7 1,851.7 1,890.6
Gross national product
1989
1988
1988
III
IV
I
n
n?
3,853.7 4,024.4 4,010.7 4,042.7 4,069.4 4,106.8 4,132.5 4,162.9
Personal consumption expenditures '... 2,513.7 2,598.4 2,586.8 2,608.1 2,627.7 2,641.0 2,653.7 2,690.1
Durable goods
Nondurable goods
Services '
389.6 413.6 414.8 410.7 420.5 419.3 424.9 436.4
890.4 904.5 899.2 910.3 912.0 915.0 909.7 920.8
1,233.7 1,280.2 1,272.8 1,287.0 1,295.2 1,306.7 1,319.0 1,332.9
699.9
750.3
748.4
771.1
752.8
769.6
775.0
779.1
Gross private domestic investment
674.0
715.8
713.5
733.6
709.1
721.1
719.8
724.6
Producers' durable equipment
Residential
Change in business inventories....
Nonfarm ....
Farm
670.6
444.3
133.8
310.5
226.4
29.3
30.5
-1.3
719.6
487.2
140.3
346.8
232.4
30.6
34.2
-3.6
719.1
487.1
139.9
347,2
232.1
29.3
30.4
-1.1
726.5
493.2
142.0
351.3
233.2
44.6
41.5
3.1
734.1
495.8
142.5
353.3
238.4
18.7
40.8
-22.2
742.0
503.1
144.7
358.5
238.8
27.7
19.1
8.6
747.6
512.5
142.4
370.1
235.1
27.4
23.6
3.8
751.7
519.6
146.2
373.4
232.1
27.4
19.8
7.5
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
Nonfarm
Farm
650.3
455.5
122.3
333.2
194.8
23.7
25.8
-2.1
687.9
493.8
122.2
371.6
194.1
27.9
30.7
-2.8
692.0
497.8
122.5
375.3
194.2
21.5
25.4
-4.0
696.1
501.0
123.0
378.0
195.1
37.5
37.2
.3
690.8
492.7
121.4
371.3
198.1
18.3
31.9
-13.6
696.6
501.0
121.1
379.9
195.6
24.5
16.9
7.6
700.7
511.4
118.1
393.2
189.3
19.1
19.5
-.5
702.7
517.9
120.4
397.6
184.8
21.9
16.2
5.6
Net exports of goods and services '
-112.6
-73.7
-74.9
-66.2
-70.8
-54.0
-50.6
-45.1
Net exports of goods and services '
-115.7
-74.9
-72.6
-74.9
-73.8
-55.0
-51.2
-57.1
448.6
561.2
547.7
621.3
532.5
607.5
556.8
623.0
579.7
650.5
605.6
659.6
626.1
676.6
628.5
673.6
450.9
566.6
530.1
605.0
519.7
592.3
531.9
606.9
551.4
625.2
569.7
624.6
587.5
638.7
593.1
650.2
926.1
968.9
960.1
958.6 1,011.4 1,016.0 1,033.2 1,038.9
781.8
785.1
783.0
775.9
806.4
799.7
810.3
805.3
381.6
294.8
86.8
544.5
381.3
298.0
83.3
587.6
377.1
298.0
79.1
583.0
367.5
296.1
71.4
591.0
339.6
265.2
74.4
442.1
328.9
261.5
67.4
456.2
327.9
262.5
65.4
455.1
319.8
258.8
61.0
456.1
343.9
261.6
82.3
462.5
335.5
254.4
81.1
464.2
343.6
255.8
87.8
466.7
336.1
260.1
76.0
469.2
Fixed investment
Nonresidential
Exports '
Government purchases of goods and
services
Federal
National defense
Nondefense
State and local
406.4
300.5
105.9
604.9
399.0
298.7
100.4
617.0
406.0
301.3
104.7
627.2
402.7
307.8
94.9
636.2
Exnorts '
Imports '
Government purchases of goods and
services
Federal
National defense
Nondefense
State and local
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.3.—Gross National Product by Major Type of Product
Table 1.4.—Gross National Product by Major Type of Product in Constant
Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1987
1988
1988
II
Gross national product
Final sales
Change in business inventories
Goods
Final sales
Change in business inventories
Durable goods
Final sales
Change in business inventories
Nondurable goods
Final sales
Change in business inventories
Services
Structures
in
1987
1989
IV
I
n
nr
4,495.0 4,850.0 4,809.2 4,882.3 4,998.7 5,085.4 5,174.3 5,253.6
27.4
27.4
18.7
27.7
30.6
29.3
44.6
29.3
1,785.2 1,931.9 1,917.4 1,955.8 1,987.4 2,030.9 2,079.1 2,096.3
1,755.9 1,901.3 1,888.1 1,911.2 1,968.7 2,003.2 2,051.7 2,068.9
27.4
27.4
27.7
44.6
18.7
30.6
29.3
29.3
1988
II
Gross national product
4,524.3 4,880.6 4,838.5 4,926.9 5,017.3 5,113.1 5,201.7 5,281.0
Final sales
Change in business inventories
Goods
Final sales
Change in business inventories
in
1989
IV
I
n
nr
3,853.7 4,024.4 4,010.7 4,042.7 4,069.4 4,106.8 4,132.5 4,162.9
3,830.0 3,996.5 3,989.2 4,005.2 4,051.0 4,082.3 4,113.5 4,141.0
27.9
21.5
37.5
19.1
23.7
18.3
24.5
21.9
1,669.0 1,771.6 1,767.9 1,782.3 1,789.4 1,823.2 1,843.9 1,851.3
. 1,645.3 1,743.7 1,746.5 1,744.8 1,771.0 1,798.7 1,824.8 1,829.4
27.9
21.5
37.5
18.3
24.5
19.1
23.7
21.9
930.1
924.9
5.2
Durable goods
Final sales
Change in business inventories
790.2
770.6
19.6
883.6
860.9
22.7
882.2
866.8
15.3
900.8
863.4
37.3
900.5
872.4
28.1
902.3
884.2
18.1
913.0
908.0
5.0
931.3
927.2
4.2
1,007.6 1,068.3 1,060.2 1,071.8 1,098.9 1,136.2 1,173.9 1,166.2
1,000.4 1,062.6 1,047.9 1,068.6 1,112.2 1,130.5 1,152.5 1,144.0
21.4
22.2
3.2 -13.3
5.7
7.2
5.6
12.3
Nondurable goods
Final sales
Change in business inventories
878.8
874.7
4.1
888.0
882.8
5.2
885.8
879.7
6.1
881.5
881.4
.1
888.9
898.6
-9.7
920.9
914.5
6.4
930.9
916.8
14.1
920.0
902.3
17.7
777.5
755.5
22.1
863.7
838.6
25.0
857.2
840.2
17.0
884.0
842.6
41.4
888.5
856.5
32.0
894.7
872.8
22.0
905.2
899.2
6.0
2,304.5 2,499.2 2,472.3 2,520.3 2,570.0 2,620.8 2,667.5 2,728.1
434.6
449.5
448.8
450.8
459.9
461.3
455.1
456.6
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1988
Services
Structures
1,803.7 1,873.5 1,862.5 1,880.8 1,896.7 1,905.1 1,919.9 1,945.0
381.1
379.3
380.2
379.6
383.3
378.5
368.8
366.6
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
SURVEY OF CURRENT BUSINESS
December 1989
Table 1.5.—Relation of Gross National Product, Gross Domestic Purchases,
and Final Sales to Domestic Purchasers
Table 1.6.—Relation of Gross National Product, Gross Domestic Purchases,
and Final Sales to Domestic Purchasers in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1987
1988
1988
II
Gross national product
Less: Exports of goods and services
Plus: Imports of goods and services
Equals: Gross domestic purchases 2
Less: Change in business inventories
Equals: Final sales to domestic
purchasers 3
1987
1989
III
IV
I
II
448.6
561.2
547.7
621.3
532.5
607.5
556.8
623.0
579.7
650.5
605.6
659.6
626.1
676.6
628.5
673.6
4,636.8 4,954.3 4,913.4 4,993.1 5,088.1 5,167.1 5,252.3 5326.1
29.3
30.6
29.3
44.6
18.7
27.7
27.4
II
III'
4,524.3 4,880.6 4,838.5 4,926.9 5,017.3 5,113.1 5,201.7 5,281.0
27.4
4,607.6 4,923.7 4,884.1 4,948.5 5,069.5 5,139.4 5,224.9 5,298.7
1988
1988
Gross national product
Less: Exports of goods and services
Plus: Imports of goods and services
1989
IV
ffl
I
n
HI'
3,853.7 4,024.4 4,010.7 4,042.7 4,069.4 4,106.8 4,132.5 4,162.9
450.9
566.6
530.1
605.0
531.9
606.9
519.7
592.3
551.4
625.2
569.7
624.6
587.5
638.7
593.1
650.2
Equals: Gross domestic purchases 2..... 3,969.4 4,099.3 4,083.3 4,117.6 4,143.2 4,161.8 4,183.7 4,220.0
Less: Change in business inventories
Equals: Final sales to domestic
purchasers 3.
23.7
27.9
37.5
21.5
18.3
24.5
19.1
21.9
3,945.8 4,071.4 4,061.8 4,080.1 4,124.9 4,137.3 4,164.7 4,198.2
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Purchases in the United States of goods and services wherever produced.
3. Final sales in the United States of goods and services wherever produced.
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Purchases in the United States of goods and services wherever produced.
3. Final sales in the United States of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.7.—-Gross National Product by Sector
Table 1.8.—Gross National Product by Sector in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1987
1988
1988
II
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
ffl
1987
1989
IV
I
n
II
ffl'
4,524.3 4^80.6 4,838.5 4,926.9 5,017.3 5,113.1 5,201.7 5,281.0
4,493.8 4347.3 4,808.4 4,894.7 4,982.9 5,078.5 5,170.8 5,247.4
3,851.5 4,153.5 4,121.2 4,194.7 4,271.1 4,347.2 4,426.7 4,489.0
3,779.5 4,087.1 4,042.5 4,119.6 4,225.5 4,280.0 4,356.0 4,431.3
3,407.6 3,685.6 3,645.3 3,714.7 3,813.5 3,862.7 3,932.5 3,992.9
371.8 401.5
397.2 404.9 412.0 417.2 423.5 438.5
76.8
76.1
78.8
83.2
83.7
62.3
89.0
91.3
-4.7
-9.6
-.1
-8.6
-24.1
-16.6
-25.5
-18.3
1988
1988
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
in
1989
IV
I
n
ra-
3,853.7 4,024.4 4,010.7 4,042.7 4,069.4 4,106.8 4,132.5 4,162.9
3,827.2 3,996.3 3,985.1 4,015.6 4,040.8 4,078.5 4,107.3 4,135.9
3,328.9 3,482.9 3,474.1 3,499.7 3,521.7 3,555.7 3,580.7 3,605.1
3,249.6 3,418.2 3,398.8 3,435.5 3,474.2 3,494.5 3,518.6 3,549.7
2,967.8 3,127.9 3,109.2 3,144.3 3,181.7 3,200.8 3,223.1 3,252.6
292.5 293.8 295.5 297.1
281.8
290.3 289.6 291.2
71.4
61.2
76.0
80.8
76.9
83.4
72.7
75.3
-7.2
-13.7
-19.7
-14.8
-20.5
-8.0
0
-4.1
Households and institutions
Private households
Nonprofit institutions
169.3
9.2
160.1
188.0
9.4
178.7
185.1
9.3
175.8
190.8
9.4
181.4
195.5
9.5
186.0
201.2
9.5
191.7
207.1
9.6
197.5
214.4
9.7
204.7
Households and institutions
Private households
Nonprofit institutions
128.6
8.8
119.9
137.3
8.8
128.4
136.0
8.8
127.2
139.0
8.9
130.2
140.5
8.9
131.6
142.7
8.9
133.8
145.4
8.9
136.5
148.0
9.0
139.0
Government
Federal
State and local
473.0
150.9
322.1
505.8
159.3
346.5
502.1
158.7
343.5
509.2
159.8
349.4
516.3
160.8
355.5
530.1
168.3
361.8
536.9
169.1
367.9
544.0
170.1
373.9
Government
Federal
State and local
369.6
123.6
246.0
376.1
125.2
250.9
375.0
124.7
250.3
376.8
125.3
251.5
378.6
126.0
252.7
380.1
126.4
253.7
381.2
126.5
254.7
382.7
127.0
255.7
30.5
33.3
30.0
32.3
34.5
34.5
31.0
33.5
26.6
28.1
25.6
27.1
28.5
28.3
25.2
27.0
Rest of the world
Addendum:
Rest of the world
Addendum:
Gross domestic business product less
3,472.2 3,744.3
housing
Gross domestic business product less
3,038.0 3,183.7
housing
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
December 1989
SURVEY OF CURRENT BUSINESS
Table 1.14.—National Income by Type of Income
Table 1.9.—Relation of Gross National Product, Net National Product, National
Income, and Personal Income
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1987
1988
1988
II
Gross national product
Less: Capital consumption allowances
with capital consumption adjustment..
Capital consumption
allowances without capital
consumption adjustment
Less: Capital consumption
adjustment
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 inventory
valuation and capital consumption
adjustments
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
m
1987
II
1989
IV
n
I
HI-
4,524.3 4,880.6 4,838.5 4,926.9 5,017.3 5,113.1 5,201.7 5,281.0
486.7
513.6
510.2
515.2
524.1
533.0
541.0
565.2
507.1
526.4
525.2
528.9
531.3
532.7
533.6
544.8
20.4
12.8
15.0
13.6
7.1
-.3
-7.3
-20.5
4,037.6 4^67.1 4,328.2 4,411.7 4,493.2 4,580.1 4,660.8 4,715.7
367.8
26.7
-4.7
17.6
393.5
29.0
-9.6
18.5
390.1
28.7
-.1
24.0
397.0
29.4
-8.6
11.8
402.7
30.1
-16.6
20.4
407.7
30.8
-24.1
19.5
413.4
31.5
-18.3
421.5
32.2
-25.5
15.5
-.3
3,665.4 3,972.6 3,933.6 4,005.7 4,097.4 4,185.2 4,249.6 4,287.3
298.7
351.7
328.6
392.9
325.3
383.0
330.9
396.4
340.2
415.7
316.3
436.1
307.8
458.4
295.2
471.5
400.8
444.6
441.1
448.2
455.2
469.7
476.4
482.0
0
0
0
0
0
0
0
0
521.5
523.2
92.0
26.7
555.7
571.1
102.2
29.0
553.2
560.0
100.4
28.7
558.0
576.3
103.6
29.4
563.7
598.6
106.4
30.1
585.6
629.0
109.4
30.8
595.3
655.1
111.4
31.5
604.2
667.8
113.2
32.2
3,777.6 4,064.5 4,026.6 4,097.6 4,185.2 4,317.8 4,400.3 4,455.9
Table 1.10.—Relation of Gross National Product, Net National Product, and
National Income in Constant Dollars
[Billions of 1982 dollars]
National income
Compensation of employees
Wages and salaries
Government and government
enterprises
Other
Supplements to wages and salaries
Employer contributions for social
insurance
Other labor income
Proprietors' income with inventory
valuation and capital consumption
adjustments
Farm
Proprietors' income with
inventory valuation adjustment....
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
Less: Capital consumption allowances
with capital consumption adjustment ..
Equals: Net national product
Less: Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus current
surplus of government enterprises
Statistical discrepancy
Equals: National income
3,853 7 4,024.4 4,010 7 4,042 7 40694 4,1068 4 1325 41629
460.8
480.2
477.5
482.7
488.1
493.5
498.9
518.6
3,392.9 3,544.2 3,533.2 3,559.9 3,581.2 3,613.3 3,633.6 3,644.3
317.9
327.8
326.3
329.2
331.2
331.3
331.8
335.5
-4.1
-8.0
0
-7.2
-13.7
-19.7
-148
-20.5
3,079.0 3,224.5 3,206.9 3,237.9 3,2637 3,301 6 33166 3,3293
Table 1.11.—Command-Basis Gross National Product in Constant Dollars
[Billions of 1982 dollars]
Gross national product
3,853.7 4,024.4 4,010.7 4,042.7 4,069.4 4,106.8 4,132.5 4,162.9
Less: Net exports of goods and
services
Exports ....
Imports
-1157
4509
5666
Equals: Gross domestic purchases
3,969.4 4,099.3 4,083.3 4,117.6 4,143.2 4,161.8 4,183.7 4,220.0
Plus: Command-basis net exports of
goods and services
. .
Command-basis exports '
Imports
-1136
452.9
566.6
Equals: Command-basis gross
national product
3,855.8 4,027.5 4,010.2 4,053.1 4,075.2 4,110.7 4,136.0 4,176.5
-749
530.1
6050
-71.7
533.3
605.0
-726
5197
5923
-73 1
519.3
592.3
-749
5319
6069
-645
542.4
606.9
-73 8
551 4
6252
-680
557.2
625.2
-550
5697
6246
-51 1
573.5
624.6
-51 2
5875
6387
-477
590.9
6387
-57 1
593 1
6502
-436
606.6
6502
Addendum:
Terms of trade2
100.5
100.6
99.9
101.9
101.1
100.7
100.7
102.3
1. Exports of goods and services deflated by the implicit price deflator for imports of goods and services.
2. Ratio of the implicit price deflator for exports of goods and services to the implicit price deflator for
imports of goods and services with the decimal point shifted two places to the right.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
in
IV
I
n
nir
3,665.4 3,972.6 3,933.6 4,005.7 4,097.4 4,185.2 4,249.6 4,287.3
2,690.0 2,907.6 2,878.9 2,935.1 2,997.2 3,061.7 3,118.2 3,171.9
2,249.4 2,429.0 2,405.4 2,452.2 2,505.1 2,560.7 2,608.8 2,654.7
419.2 446.5 443.1 449.6 456.3 466.9 473.5 480.2
1,830.1 1,982.5 1,962.3 2,002.6 2,048.9 2,093.8 2,135.3 2,174.5
440.7
478.6
473.5
482.9
492.0
501.0
509.4
517.2
227.8
212.8
249.7
228.9
247.7
225.9
251.8
231.1
255.6
236.5
259.7
241.3
263.4
246.0
266.6
250.7
311.6
343.3
327.8
331.8
327.0
328.3
359.3
355.5
41.6
39.8
45.4
37.7
32.0
59.0
51.3
36.1
49.6
-8.0
47.3
-7.5
53.0
-7.7
45.0
-7.4
39.2
-7.2
66.2
-7.2
58.4
-7.1
43.5
-7.5
270.0
238.9
-1.0
32.2
288.0
259.2
-1.5
30.3
286.5
257.8
-1.8
30.5
289.3
260.4
-1.6
30.5
296.3
267.8
-1.3
29.8
300.3
274.4
-2.5
28.5
304.2
278.7
-1.9
27.4
307.2
281.0
0
26.2
Rental income of persons with
capital consumption adjustment
13.4
15.7
14.6
16.3
16.1
11.8
9.8
5.4
Rental income of persons
Capital consumption adjustment
61.2
-47.9
65.4
-49.8
64.3
-49.7
65.8
-49.6
66.1
-49.9
62.9
-51.1
62.5
-52.7
63.8
-58.4
298.7
328.6
325.3
330.9
340.2
316.3
307.8
295.2
Corporate profits with inventory
valuation and capital consumption
adjustments .
Corporate profits with inventory
valuation adjustment
247.8
281.8
276.4
284.1
298.7
279.7
275.5
268.7
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
266.7
124.7
142.0
98.7
43.3
306.8
137.9
168.9
110.4
58.5
305.3
138.4
166.9
108.6
58.3
314.4
141.2
173.2
112.2
61.1
318.8
143.2
175.6
115.2
60.4
318.0
144.4
173.6
118.5
55.1
296.0
134.9
161.1
120.9
40.2
275.0
122.6
152.4
123.3
29.1
Inventory valuation adjustment
-18.9
-30.4
-20.1
-38.3
-20.5
-6.3
Capital consumption adjustment
Gross national product
1989
1988
1988
Net interest
-25.0
-28.8
50.9
46.8
48.9
46.9
41.5
36.6
32.3
26.5
351.7
392.9
383.0
396.4
415.7
436.1
458.4
471.5
174.0
190.7
187.0
189.7
196.9
171.9
172.9
172.6
378.4
402.0
397.4
400.7
411.5
388.6
391.7
399.3
75.3
80.3
78.3
77.6
81.7
53.4
52.0
49.3
Addenda:
Corporate profits after tax with
inventory valuation and capital
consumption adjustments
Net cash flow with inventory
valuation and capital
consumption adjustments
Undistributed profits with
inventory valuation and
capital consumption
adjustments
Capital consumption allowances
with capital consumption
adjustment
Less: Inventory valuation
adjustment
Equals: Net cash flow
303.1
321.7
319.0
323.1
329.7
335.2
339.7
349.9
-18.9
397.3
-25.0
427.0
-28.8
426.2
-30.4
431.1
-20.1
431.6
-38.3
426.9
-20.5
412.2
-6.3
405.6
8
SURVEY OF CURRENT BUSINESS
December 1989
Table 1.17.—Auto Output
Table 1.16.—Gross Domestic Product of Corporate Business in Current Dollars
and Gross Domestic Product of Nonfinancial Corporate Business in Current
and Constant Dollars
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1987
1988
1988
in
II
1987
1989
IV
I
n
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
Compensation of employees
Wages and salaries
Supplements to wages and
salaries
Corporate profits with inventory
valuation and capital
consumption adjustments
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment....
Capital consumption adjustment..
Net interest
Gross domestic product of
financial corporate business..
Gross domestic product of
nonfmancial corporate
business
Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
Compensation of employees
Wages and salaries
Supplements to wages and
salaries
Corporate profits with inventory
valuation and capital
consumption adjustments
Profits before tax
,
Profits tax liability
Profits after tax
,
Dividends
Undistributed profits
Inventory valuation adjustment....
Capital consumption adjustment..
Net interest
2,719.4 2,955.0 2,927.1 2,982.8 3,048.6 3,078.6 3,126.1 3,168.5
303.1
321.7
319.0
323.1
329.7
335.2
339.7
1989
III
IV
I
n
DP
mAuto output
Capital consumption allowances with
capital consumption adjustment
1988
II
Billions of dollars
Gross domestic product of
corporate business
1988
349.9
2,416.4 2,633.3 2,608.1 2,659.6 2,718.9 2,743.4 2,786.4 2,818.6
259.6 278.6 275.7 281.9 284.8 288.5 293.1
300.2
2,156.8 2,354.7 2,332.4 2,377.8 2,434.0 2,454.9 2,493.3 2,518.4
1,807.8 1,951.2 1,932.4 1,969.5 2,012.0 2,050.6 2,087.7 2,122.3
1,520.4 1,640.5 1,625.2 1,656.0 1,691.9 1,730.2 1,761.6 1,791.2
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services
Change in business inventories of
new and used autos
New
Used
119.2
129.9
132.5
136.6
132.0
134.5
131.7
135.8
111.6
131.7
93.5
38.2
19.1
45.0
-25.9
-40.7
7.2
47.9
128.8
144.2
101.2
43.0
21.4
51.3
-29.9
-38.4
8.7
47.1
132.3
145.7
101.2
44.5
22.3
51.2
-28.9
-37.1
7.9
45.0
125.3
140.9
98.8
42.1
20.2
52.5
-32.3
-37.1
9.5
46.7
130.1
146.6
102.4
44.2
21.2
52.3
-31.1
-39.3
9.2
48.5
123.9
142.7
99.8
42.9
19.0
47.7
-28.7
-39.5
9.7
49.2
135.4
144.5
101.1
43.5
23.4
54.7
-31.3
-34.4
8.7
43.1
141.8
150.9
110.8
40.2
23.6
53.7
-30.1
-34.3
9.1
43.4
1.5
1.6
1.5
1.4
1.5
1.7
1.9
1.5
7.6
6.8
.8
1.1
.5
.6
.1
2.3
-2.1
11.3
7.7
3.7
1.9
1.5
.4
10.5
11.1
-.5
-3.7
-3.9
.2
-5.9
-7.9
2.0
95.3
55.1
101.6
60.8
103.0
62.0
105.9
60.2
107.6
58.5
106.9
57.2
107.1
60.4
102.9
62.6
287.5
310.7
307.2
313.5
320.0
320.4
326.1
331.2
259.6
227.6
124.7
102.9
82.8
20.1
-18.9
50.9
89.3
285.0
263.2
137.9
125.3
84.2
41.1
-25.0
46.8
118.6
284.6
264.6
138.4
126.2
78.1
48.2
-28.8
48.9
115.4
285.9
269.3
141.2
128.1
95.9
32.3
-30.4
46.9
122.4
293.7
272.3
143.2
129.1
87.2
41.9
-20.1
41.5
128.4
269.7
271.5
144.4
127.1
102.0
25.0
-38.3
36.6
134.5
264.2
252.4
134.9
117.4
96.8
20.6
-20.5
32.3
141.4
249.5
229.3
122.6
106.6
99.0
7.6
-6.3
26.5
146.5
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government
purchases.
198.7
223.7
221.2
227.9
232.2
235.8
238.9
232.3
[Billions of 1982 dollars]
Addenda:
Domestic output of new autos '
Sales of imported new autos 2
Table 1.18.—Auto Output in Constant Dollars
Seasonally adjusted at annual rates
2,520.7 2,731.3 2,705.9 2,754.9 2,816.4 2,842.7 2,887.2 2,936.2
281.7
297.1
295.1
298.1
303.6
308.4
312.2
1987
1988
321.9
2,239.0 2,434.2 2,410.9 2,456.8 2,512.8 2,534.4 2,575.0 2,614.3
242.3 260.0 257.3 263.2 265.9 269.3 273.7 280.3
1,996.6 2,174.2 2,153.6 2,193.6 2,246.9 2,265.0 2,301.3 2,334.0
1,665.1 1,799.1 1,782.1 1,816.8 1,854.6 1,889.3 1,923.1 1,954.3
1,399.2 1,511.2 1,497.5 1,526.2 1,558.1 1,592.5 1,621.2 1,647.8
266.0
287.9
284.7
290.6
296.5
296.7
301.9
306.5
224.6
197.2
93.1
104.1
81.4
22.7
-18.9
46.3
106.9
249.3
233.4
105.4
128.0
83.0
45.0
-25.0
40.9
125.8
248.7
234.9
106.6
128.3
77.4
50.9
-28.8
42.7
122.7
248.3
237.7
107.4
130.3
92.6
37.7
-30.4
41.0
128.5
258.2
242.2
109.4
132.8
86.4
46.5
-20.1
36.1
134.0
235.3
242.2
110.6
131.6
98.3
33.3
-38.3
31.5
140.4
230.5
223.8
100.6
123.1
93.7
29.4
-20.5
27.3
147.6
226.7
211.5
94.7
116.8
96.0
20.8
-6.3
21.5
152.9
Auto output
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services
Change in business inventories of
new and used autos
New
Used
1989
1988
II
in
IV
I
n
HP
101.7
108.9
111.9
114.4
110.1
110.9
109.3
112.0
95.6
108.8
79.5
29.3
16.2
38.3
-22.1
-30.8
6.0
36.8
108.6
117.0
84.4
32.7
18.3
42.8
-24.5
-28.1
7.1
35.2
111.9
119.1
84.8
34.4
18.9
42.9
-24.0
-27.4
6.5
34.0
105.0
113.9
82.2
31.7
17.3
43.7
-26.4
-27.4
7.8
35.2
109.5
117.9
84.6
33.4
18.1
43.2
-25.1
-27.9
7.5
35.4
103.2
113.8
81.6
32.2
16.2
39.0
-22.8
-28.3
7.8
36.1
111.5
115.4
82.4
33.0
19.5
44.6
-25.0
-25.1
6.9
32.0
117.9
121.7
91.2
30.5
20.0
44.2
-24.2
-25.1
7.1
32.2
1.3
1.4
1.3
1.2
1.4
1.4
1.6
1.3
6.1
5.4
.7
.4
-.1
.5
0
1.8
-1.8
9.4
6.4
2.9
.6
.3
.3
7.7
8.2
-.5
-2.1
-2.2
.1
-5.9
-7.4
1.5
81.1
46.8
84.5
50.7
86.2
52.0
88.1
50.1
88.6
48.3
86.9
46.7
87.1
49.2
83.6
51.5
Addenda:
Billions of 1982 dollars
Gross domestic product of
nonfinancial corporate
business
Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
2,282.6 2,419.5 2,408.9 2,434.1 2,453.2 2,459.1 2,471.3 2,497.2
269.7 279.3 278.0 280.6 283.2 285.9 288.8 296.7
2,012.9 2,140.2 2,130.9 2,153.6 2,170.0 2,173.2 2,182.5 2,200.4
211.9 211.3 211.8 214.4
202.5 209.2 208.2 210.1
1,810.4 1,931.0 1,922.7 1,943.5 1,958.1 1,961.9 1,970.8 1,986.0
Domestic output of new autos '
Sales of imported new autos 2
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government
purchases.
SURVEY OF CURRENT BUSINESS
December 1989
Table 1.19.—Truck Output
Table 1.20.—Truck Output in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1987
1988
1988
III
II
Truck output '
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services
Change in business inventories
Seasonally adjusted at annual rates
1989
IV
II
I
1987
nr
59.7
66.3
65.2
63.8
71.2
70.3
68.1
62.9
58.3
27.7
32.6
-6.6
3.7
10.3
65.9
29.2
36.7
-5.6
3.8
9.5
65.1
28.9
35.8
-5.3
3.7
9.0
65.9
29.1
36.6
-5.3
3.9
9.2
67.0
29.8
38.9
-6.9
3.7
10.5
65.5
30.3
35.7
-6.3
3.9
10.2
65.6
29.8
36.5
-6.3
3.1
9.4
69.2
34.0
36.2
-6.3
3.5
9.8
4.7
5.7
5.7
5.2
5.8
5.7
5.4
1.3
.4
.1
4.2
4.8
2.6
-6.4
5.5
-2.1
1. Includes new trucks only.
Truck output
l
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services
.»
Change in business inventories
1989
1988
1988
II
HI
IV
I
n
m>
50.9
55.7
55.4
53.8
58.3
57.0
55.4
51.3
49.8
23.5
27.9
-5.7
3.2
8.8
55.3
24.6
30.8
-4.7
3.2
7.9
55.3
24.4
30.5
-4.5
3.1
7.7
55.3
24.5
30.7
-4.5
3.3
7.7
54.9
24.8
31.6
-5.7
3.0
8.7
53.3
24.8
29.0
-5.1
3.2
8.3
53.5
24.4
29.6
-5.1
2.5
7.6
56.3
27.8
29.3
-5.2
2.8
8.0
4.0
4.7
4.9
4.6
4.2
4.7
4.6
1.1
.3
.2
3.3
3.7
1.9
-1.6
4.4
-5.0
1. Includes new trucks only.
Table 2.1.—Personal Income and Its Disposition
Table 2.2.—Personal Consumption Expenditures by Major Type of Product
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1987
1988
1988
II
Personal income
ffl
1987
1989
IV
I
n
DP
3,777.6 4,064.5 4,026.6 4,097.6 4,185.2 4,317.8 4,400.3 4,455.9
Wage and salary disbursements
2,249.4 2,429.0 2,405.4 2,452.2 2,505.1 2,560.7 2,608.8 2,654.7
Commodity-producing industries
Manufacturing
Distributive industries
Service industries
,
Government and government
enterprises
649.9
490.3
531.9
648.3
696.3
524.0
571.9
714.4
690.8
519.2
568.0
703.5
701.6
527.2
578.0
723.0
714.7
538.1
587.5
746.7
726.6
546.3
598.8
768.4
733.7
549.9
610.8
790.8
742.6
555.7
619.4
812.4
419.2
446.5
443.1
449.6
456.3
466.9
473.5
480.2
Other labor income
212.8
228.9
225.9
231.1
236.5
241.3
246.0
250.7
Proprietors' income with
inventory valuation and capital
consumption adjustments
311.6
327.8
331.8
327.0
328.3
359.3
355.5
343.3
41.6
270.0
39.8
288.0
45.4
286.5
37.7
289.3
32.0
296.3
59.0
300.3
51.3
304.2
36.1
307.2
Farm
Nonfarm
,
Rental income of persons with
capital consumption adjustment...
Personal dividend income
Personal interest income
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
Less: Personal contributions for
social insurance
Less: Personal tax and nontax
payments
II
Persona! consumption
expenditures '
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
Services '
Housing
Household operation
Electricity and gas
Other
Transportation
Medical care
Other1
Personal consumption expenditures
Interest paid by consumers to
business
Personal transfer payments to
foreigners (net)
Equals: Personal saving
I
n
HI"
421.0
455.2
454.6
452.5
467.4
466.4
471.0
486.1
195.5
149.1
76.5
211.6
162.0
81.6
212.5
162.2
79.9
208.4
162.7
81.4
215.3
166.1
86.0
211.7
172.1
82.6
212.9
173.5
84.6
225.6
173.9
86.7
998.1 1,052.3 1,042.4 1,066.2 1,078.4 1,098.3 1,121.5 1,131.4
529.2
177.2
75.2
216.6
17.6
199.0
559.7
186.8
76.8
229.0
19.5
209.5
567.8
188.9
78.3
231.2
19.6
211.6
554.5
183.6
76.9
227.5
19.4
208.1
574.1
193.9
77.6
232.8
19.7
213.1
587.3
195.0
77.9
238.1
18.7
219.4
592.2
198.9
89.5
241.0
19.6
221.4
598.1
202.2
85.2
245.9
19.9
226.0
1,591.7 1,727.6 1,707.9 1,744.7 1,778.2 1,816.7 1,851.7 1,890.6
467.7
185.9
88.5
97.4
106.5
357.7
473.9
501.3
197.6
93.7
104.0
117.9
398.3
512.4
496.6
194.9
92.1
102.8
117.4
391.3
507.7
505.0
200.2
94.5
105.7
119.8
404.7
514.9
513.0
202.4
95.8
106.6
121.5
417.4
523.9
520.2
201.1
93.6
107.5
124.4
432.3
538.7
527.7
202.3
94.6
107.7
125.6
445.1
551.0
538.4
202.4
93.6
108.8
126.7
459.1
564.0
15.7
102.2
571.1
584.7
14.6
100.4
560.0
581.8
16.3
103.6
576.3
587.4
16.1
106.4
598.6
593.8
11.8
109.4
629.0
616.4
9.8
111.4
6554
626.8
5.4
113.2
667.8
636.4
282.9
300.5
299.2
301.4
304.0
316.9
322.9
327.9
14.5
16.6
13.0
17.0
13.1
16.9
12.9
17.0
12.5
17.0
13.5
17.6
14.1
17.5
14.5
17.3
76.4
157.9
82.7
171.5
83.0
169.6
82.8
173.2
83.7
176.5
86.9
181.5
88.1
184.2
88.9
187.7
Table 2.3.—Personal Consumption Expenditures by Major Type of Product in
Constant Dollars
16.7
141.2
17.2
154.3
17.1
152.5
17.3
155.9
17.5
159.0
17.6
163.9
17.7
166.4
18.0
169.7
[Billions of 1982 dollars]
172.9
194.9
193.4
196.4
199.6
210.0
213.0
215.4
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
Seasonally adjusted at annual rates
1987
571.7
586.6
590.7
585.9
597.8
628.3
652.6
3,104.1 3,333.1 3,301.9 3,362.1 3,424.0 3,483.8 3,547.0 3,611.7
3,010.8 3,235.1 3,204.9 3,263.4 3,324.0 3,381.4 3,444.1 3,508.1
II
91.4
96.1
95.6
96.7
98.1
100.1
101.5
102.0
1.9
1.9
1.5
1.9
1.9
2.2
1.4
1.6
101.8
144.7
134.0
149.6
163.4
205.7
200.7
195.1
Personal consumption
exoenditures '
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
Services '
3.2
4.2
3.9
4.3
4.6
5.6
5.4
5.1
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Housing
Household operation
Electricity and gas
Other
Transportation
Medical care
Other l
1989
1988
1988
649.1
Disposable personal income:
Total, billions of 1982 dollars
2,676.6 2,793.2 2,773.3 2,806.4 2,835.9 2,881.7 2,887.6 2,919.2
Per capita:
Current dollars
13,140 14,116 13,966 14,235 14,504 14,884 15,084 15,280
1982 dollars
10,970 11,337 11,273 11,377 11,466 11,625 11,622 11,717
Population (mid-period, millions).... 244.0 246.4 246.0 246.7 247.3 247.9 248.5 249.1
1989
IV
13.4
92.0
523.2
548.2
Addenda:
Personal saving as percentage of
disposable personal income
III
3,010.8 3,235.1 3,204.9 3,263.4 3^24.0 3,381.4 3,444.1 3,508.1
Equals: Disposable personal income.... 3,205.9 3,477.8 3,435.9 3,511.7 3,587.4 3,689.5 3,747.7 3,806.8
Less: Personal outlays
1988
1988
ffl
IV
I
II
nr
2,513.7 2,598.4 2,586.8 2,608.1 2,627.7 2,641.0 2,653.7 2,690.1
389.6
413.6
414.8
410.7
420.5
419.3
424.9
436.4
168.8
152.3
68.5
179.2
164.8
69.6
180.9
165.4
68.5
176.2
165.3
69.2
180.6
168.0
71.8
176.1
174.8
68.4
177.0
178.5
69.4
188.4
177.4
70.6
890.4
904.5
899.2
910.3
912.0
915.0
909.7
920.8
452.7
159.6
95.9
182.1
23.0
159.2
460.0
161.3
97.1
186.1
25.4
160.7
459.8
157.1
97.3
185.0
24.7
160.3
461.9
164.1
97.4
187.0
25.3
161.7
462.1
164.6
98.2
187.2
26.6
160.5
466.0
165.0
97.6
186.5
24.0
162.4
461.4
165.8
96.5
186.0
24.4
161.5
463.2
173.3
96.6
187.6
24.7
162.9
1,233.7 1,280.2 1,272.8 1,287.0 1,295.2 1,306.7 1,319.0 1,332.9
358.4
156.7
78.8
77.9
89.6
266.8
362.3
366.1
164.1
82.8
81.3
94.5
278.2
377.4
365.6
162.4
81.8
80.5
93.9
275.6
375.4
366.8
166.3
84.0
82.4
95.2
279.9
378.8
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
368.0
165.7
83.3
82.4
96.2
283.9
381.3
369.6
163.4
80.7
82.7
96.3
289.0
388.3
371.7
164.4
81.4
82.9
97.1
293.1
392.7
373.6
164.5
81.0
83.5
98.8
298.1
398.0
10
SURVEY OF CURRENT BUSINESS
December 1989
Table 3.2.—Federal Government Receipts and Expenditures
Table 3.3.—State and Local Government Receipts and Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1987
1988
1988
II
Receipts
1987
1989
in
IV
n
I
911.4
972.4
973.2
405.8
397.2
7.4
1.3
413.0
403.5
7.9
1.6
417.5
407.5
8.0
1.9
977.3
411.4
401.7
8.1
1.5
420.3
410.7
8.0
1.6
Corporate profits tax accruals
Federal Reserve banks
Other
101.0
17.7
83.3
111.4
17.4
94.1
111.6
16.7
94.9
114.0
17.5
96.5
115.8
18.6
97.3
117.0
19.5
97.5
109.7
20.3
89.4
99.9
19.6
80.3
53.8
31.6
15.4
6.7
56.7
34.2
16.4
6.1
55.9
34.0
16.0
6.0
57.4
34.6
16.4
6.3
57.8
35.1
16.9
5.8
58.0
35.1
17.1
5.9
58.2
35.1
17.2
5.9
59.4
35.2
17.7
6.6
350.8
391.3
388.2
394.5
Indirect business tax and nontax
accruals...
Excise taxes
Customs duties
Nontaxes.
Contributions for social insurance
Expenditures
Purchases of goods and services
National defense
Nondefense
Transfer payments
To persons
To foreigners
1,072.8 1,118.3
381.6 381.3
294.8 298.0
86.8
83.3
414.3
401.9
12.4
438.2
425.4
12.9
994.6 1,036.2 1,053.2 1,043.2
446.8 465.1 459.1
437.0 453.3 448.7
8.1
10.1
8.6
1.7
1.8
1.8
400.6 414.3 420.2 424.8
1,114.7 1,099.8 1,162.1 1,183.7 1,198.6 1,187.9
377.1 367.5 406.4 399.0 406.0 402.7
298.0 296.1 300.5 298.7 301.3 307.8
71.4 105.9 100.4 104.7
79.1
94.9
434.4 438.0 447.6 460.4 466.9 475.6
424.2 426.3 429.4 448.9 455.7 461.6
10.2
11.7
18.2
11.5
11.1
14.1
Grants-in-aid to State and local
governments
102.6
111.4
112.2
111.0
112.2
118.7
118.4
118.3
Net interest paid
Interest paid
To persons and business
To foreigners
141.7
162.3
138.2
24.1
151.4
173.8
144.8
29.1
149.9
171.1
142.7
28.4
153.9
174.4
144.2
30.2
157.0
178.3
147.2
31.1
167.0
187.4
154.9
32.5
172.0
191.9
157.6
34.4
171.2
193.1
159.1
33.9
Less: Interest received by
20.6
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of government
enterprises
22.4
21.2
20.5
21.2
20.4
20.0
II
HP
Personal tax and nontax receipts
Income taxes
Estate and gift taxes
Nontaxes
21.9
32.6
30.8
36.0
28.9
41.2
32.2
29.4
17.6
38.9
35.9
38.5
34.2
35.3
28.5
20.1
18.3
-1.8
-7.1
-9.0
-11.8
-3.0
-4.3
-6.8
-1.8
0
0
0
0
0
0
0
0
Less: Wage accruals less
Surplus or deficit (-), national
income and product accounts ... -161.4 -145.8 -141.5 -122.5 -167.6 -147.5 -145.4 -144.7
Social insurance funds
26.4
54.8
51.6
58.2
63.6
62.7
64.3
63.7
Other
-187.8 -200.6 -193.2 -180.7 -231.2 -210.1 -209.1 -209.0
Receipts
Personal tax and nontax receipts
Income taxes
Other
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Sales taxes
Property taxes
Other
..
,
Contributions for social insurance
1989
1988
1988
III
IV
I
ffl'
II
656.1
701.6
699.2
706.0
716.5
732.6
742.6
750.3
165.8
173.7
173.3
174.5
177.5
181.5
187.5
190.0
86.3
65.8
13.8
88.5
70.3
14.8
88.8
69.8
14.7
88.6
70.9
15.0
92.9
73.2
15.3
97.6
74.3
15.6
98.7
75.5
15.8
23.7
26.5
26.7
27.2
90.3
72.0
15.1
27.4
27.4
25.2
22.8
314.0
336.8
334.1
339.7
344.9
349.7
355.3
362.1
149.2
121.3
43.5
160.5
131.0
45.2
159.1
129.9
45.1
161.7
132.3
45.7
164.8
134.5
45.7
166.8
136.8
46.1
169.4
173.1
141.4
47.5
139;1
46.7
50.0
53.3
52.9
53.7
54.6
55.4
56.2
57.1
102.6
111.4
112.2
112.2
118.7
118.4
118.3
604.8
651.9
646.7
111.0
656.2
670.8
683.8
695.1
705.5
Purchases of goods and services
544.5
587.6
583.0
591.0
604.9
617.0
627.2
636.2
Compensation of employees
Other
322.1
222.4
346.5
241.2
343.5
239.6
349.4
241.6
355.5
249.5
361.8
255.1
367.9
259.3
373.9
262.2
Federal crants-in-aid
. ..
Expenditures
Transfer payments to persons
119.6
130.3
129.0
131.7
134.3
136.7
139.6
142.7
Net interest paid
-37.5
^0.3
-40.Q
-40.4
-41.1
-41.7
-42.3
-43.0
Less: Interest received by
government
Less: Dividends received by
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of government
enterprises
Less: Wage accruals less
disbursements
.
Surplus or deficit (-), national
income and product
accounts
Social insurance funds
Other
. ..
53.8
59.9
59.2
60.7
62.2
63.7
65.1
66.6
91.3
100.2
99.1
101.1
103.3
105.4
107.5
109.6
6.7
8.3
8.2
8.5
8.8
9.1
9.5
10.1
-15.1
-17.5
-17.1
-18.5
-19.0
-19.8
-20.4
.7
.7
.7
.8
.8
.8
.8
.8
15.8
18.3
17.9
18.3
19.3
19.8
20.6
21.1
0
0
0
0
0
0
0
0
5L3
49.7
52.4
49.8
45.7
48.8
47.5
44.9
63.7
-12.4
71.1
-21.4
70.4
-17.9
72.1
-22.3
73.8
-28.1
75.4
-26.6
77.1
-29.6
79.1
-34.3
-17.6
Table 3.7B.—Government Purchases of Goods and Services by Type
Table 3.8B.—Government Purchases of Goods and Services by Type in
Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1987
1988
1988
II
Government purchases of
goods and services
Federal
National defense
Durable goods
Nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Structures
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
III
Seasonally adjusted at annual rates
1989
IV
I
n
1987
HP
926.1
968.9
960.1
958.6 1,011.4 1,016.0 1,033.2 1,038.9
381.6
294.8
89.8
10.5
187.3
108.9
73.3
35.6
78.3
7.2
381.3
298.0
83.9
10.9
196.1
113.2
76.0
37.2
82.9
7.0
377.1
298.0
83.7
11.4
195.5
112.9
75.8
37.1
82.6
7.4
367.5
296.1
83.7
10.5
194.7
113.0
76.2
36.9
81.7
7.2
406.4
399.0
406.0
402.7
300.5
85.1
11.1
197.4
113.7
76.2
37.6
83.6
7.0
298.7
82.7
10.8
198.8
119.1
79.1
40.0
79.8
6.3
301.3
82.8
11.7
200.5
119.4
79.0
40.4
81.2
6.3
307.8
84.5
11.0
205.4
120.0
79.3
40.7
85.4
6.8
86.8
4.2
3.2
83.3
4.6
-8.2
79.1
4.9
129
71.4
4.4
-19.8
105.9
4.9
11.0
100.4
5.2
3.8
104.7
5.3
5.9
94.9
4.9
-3.1
-3.3
6.6
70.9
42.0
29.0
8.5
-15.6
7.4
80.0
46.1
33.9
6.8
-21.5
8.5
80.4
45.8
34.7
6.7
-25.9
6.1
79.7
46.8
32.9
7.1
4.1
6.9
83.6
47.1
36.5
6.5
-3.8
7.6
84.9
49.2
35.7
6.5
-1.0
6.9
86.6
49.7
37.0
6.9
-10.0
6.8
86.0
50.1
35.9
7.1
544.5
587.6
583.0
591.0
604.9
617.0
627.2
636.2
26.5
43.6
409.8
322.1
87.8
64.6
29.4
46.9
442.1
346.5
95.6
69.3
29.0
46.6
438.2
343.5
94.7
69.2
29.8
47.5
446.0
349.4
96.6
67.7
30.6
48.3
453.9
355.5
98.4
72.2
31.5
50.6
463.2
361.8
101.4
71.6
32.3
52.4
471.3
367.9
103.5
71.1
33.1
52.7
479.3
373.9
105.4
71.0
II
Government purchases of
goods and services
National defense
Durable goods
Nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Structures
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
,
III
IV
I
785.1
328.9
783.0
775.9
806.4
799.7
327.9
261.5
84.6
14.3
156.9
89.1
60.0
29.1
67.8
5.7
262.5
85.0
14.7
156.8
88.8
59.8
28.9
68.0
6.0
319.8
258.8
84.3
13.4
155.4
88.7
59.9
28.7
66.8
5.8
343.9
261.6
85.0
14.7
156.4
89.1
59.8
29.3
67.3
5.4
335.5
254.4
82.1
13.9
153.5
89.5
59.7
29.8
64.0
4.8
74.4
5.0
2.6
67.4
5.4
-8.7
65.4
5.6
-11.3
61.0
5.2
-14.7
82.3
5.6
3.9
-3.9
6.5
59.3
34.2
25.1
7.5
-15.6
6.9
64.8
36.1
28.7
5.9
-19.6
8.3
65.3
35.9
29.4
5.8
-20.1
5.4
64.4
36.7
27.7
6.1
442.1
456.2
455.1
24.1
46.2
^315.5
246.0
69.5
56.4
26.1
48.6
323.7
250.9
72.8
57.8
25.9
48.4
322.7
250.3
72.4
58.1
781.8
Federal
1989
1988
1988
339.6
265.2
88.8
14.5
155.9
89.5
60.5
29.0
66.4
6.0
n
810.3
343.6
III'
805.3
255.8
82.8
14.5
153.7
89.4
59.5
29.9
64.3
4.7
336.1
260.1
84.3
14.1
156.7
89.8
59.6
30.1
67.0
5.1
81.1
5.7
3.6
87.8
5.8
9.1
76.0
5.5
-1.7
-2.2
6.0
67.4
36.9
30.5
5.5
-3.3
6.9
66.3
36.9
29.4
5.5
3.1
6.0
67.2
37.0
30.2
5.7
-7.7
5.9
66.3
37.3
29.0
5.9
456.1
462.5
464.2
466.7
469.2
26.4
49.0
324.7
251.5
73.2
56.0
26.9
49.5
326.8
252.7
74.1
59.3
27.4
50.1
328.6
253.7
75.0
58.0
27.9
50.7
330.6
254.7
75.8
57.5
28.4
51.4
332.4
255.7
76.7
57.0
SURVEY OF CURRENT BUSINESS
December 1989
11
Table 3.10.—National Defense Purchases of Goods and Services in Constant
Dollars
Table 3.9.—National Defense Purchases of Goods and Services
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1987
1988
1988
II
National defense purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Contractual research and
development
Installation support l
Weapons support 2
.
Personnel support 3
Transportation of materiel
Travel of persons
Other
,
,
,
Structures
Military facilities
Other
Seasonally adjusted at annual rates
1989
III
IV
n
I
1987
nr
294.8
298.0
298.0
296.1
300.5
298.7
301.3
307.8
89.8
83.9
83.7
83.7
85.1
82.7
82.8
84.5
77.5
33.9
12.7
8.5
4.8
5.8
11.7
12.3
72.9
29.3
12.4
8.4
4.2
6.0
12.5
11.0
72.5
29.1
12.5
8.0
4.2
6.0
12.6
11.2
73.0
27.9
12.7
8.1
4.3
5.8
14.2
10.7
74.3
30.5
13.3
9.3
3.7
6.5
10.9
10.7
72.9
27.7
12.9
10.2
3.7
5.9
12.5
9.8
72.2
26.0
14.3
9.0
3.4
6.3
13.1
10.6
74.4
25.6
14.2
10.3
3.8
7.2
13.3
10.1
10.5
10.9
11.4
10.5
11.1
10.8
11.7
11.0
4.2
3.8
2.5
4.4
3.9
2.6
4.4
4.6
2.5
4.3
3.5
2.7
4.7
3.8
2.6
4.6
3.6
2.7
1988
4.6
4.2
2.9
4.4
3.9
2.7
187.3
196.1
195.5
194.7
197.4
198.8
200.5
205.4
108.9
73.3
35.6
78.3
113.2
76.0
37.2
82.9
112.9
75.8
37.1
82.6
113.0
76.2
36.9
81.7
113.7
76.2
37.6
83.6
119.1
79.1
40.0
79.8
119.4
79.0
40.4
81.2
120.0
79.3
40.7
85.4
28.5
22.2
8.8
11.3
3.8
3.8
0
30.7
23.8
8.9
11.8
3.7
4.0
0
30.2
23.9
9.0
11.9
3.6
3.9
.1
30.3
23.4
8.5
11.9
3.9
3.9
-3
31.4
23.6
9.1
11.7
3.8
3.9
.1
29.8
22.3
8.9
11.4
3.6
3.7
0
30.2
22.8
9.0
11.6
3.8
3.9
-.2
31.2
25.2
9.0
12.8
4.0
3.9
-.6
7.2
7.0
7.4
7.2
7.0
6.3
6.3
6.8
4.9
2.4
4.7
2.4
5.0
2.4
4.9
2.3
4.6
2.4
4.0
2.2
3.9
2.4
4.3
2.5
1988
II
National defense purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods .
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Contractual research and
development
Installation support '
Weapons support 2
Personnel support 3
Transportation of materiel
Travel of persons
Other
Structures
Military facilities
Other
1989
m
IV
n
I
HP
265.2
261.5
262.5
258.8
261.6
254.4
255.8
260.1
88.8
84.6
85.0
84.3
85.0
82.1
82.8
84.3
73.3
31.6
12.8
7.4
5.1
5.5
10.9
15.5
70.8
29.0
13.5
7.1
4.5
5.6
11.2
13.8
71.0
28.4
14.2
6.7
4.6
5.7
11.4
14.1
70.9
27.9
13.6
6.7
4.6
5.4
12.7
13.4
71.8
30.4
14.1
7.8
3.9
6.0
9.7
13.2
69.7
26.6
14.4
8.4
4.0
5.4
10.9
12.4
69.4
25.9
15.5
7.3
3.6
5.7
11.4
13.4
71.3
26.0
15.0
8.3
4.1
6.4
11.5
13.0
14.5
14.3
14.7
13.4
14.7
13.9
14.5
14.1
8.3
3.9
2.3
7.9
4.1
2.2
7.8
4.8
2.1
7.3
3.7
2.3
8.6
4.0
2.2
7.8
3.8
2.3
7.8
4.3
2.4
7.7
4.1
2.3
155.9
156.9
156.8
155.4
156.4
153.5
153.7
156.7
89.5
60.5
29.0
66.4
89.1
60.0
29.1
67.8
88.8
59.8
28.9
68.0
88.7
59.9
28.7
66.8
89.1
59.8
29.3
67.3
89.5
59.7
29.8
64.0
89.4
59.5
29.9
64.3
89.8
59.6
30.1
67.0
24.8
17.5
7.7
8.7
4.1
3.7
0
25.5
18.2
7.6
8.9
3.9
3.8
0
25.2
18.4
7.7
9.0
3.8
3.7
.1
25.1
17.8
7.3
8.9
4.2
3.7
2
25.7
17.8
7.6
8.6
3.9
3.7
.1
24.4
16.8
7.4
8.3
3.6
3.4
0
24.1
16.9
7.5
8.4
3.9
3.6
-.1
24.9
18.3
7.3
9.1
4.1
3.6
-.5
6.0
5.7
6.0
5.8
5.4
4.8
4.7
5.1
4.0
2.0
3.7
1.9
4.1
1.9
3.9
1.9
3.5
1.9
3.0
1.7
2.9
1.8
3.2
1.9
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors
to operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation of foreign personnel, consulting, training, and education.
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors
to operate installations.
2. Includes depot maintenance and contractual services for weapons systems.
3. Includes compensation of foreign personnel, consulting, training, and education.
Table 4.1.—Foreign Transactions in the National Income and Product Accounts
Table 4.2.—Exports and Imports of Goods and Services in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1987
1988
1988
II
Receipts from foreigners !
Exports of goods and services '
Merchandise 2
Durable goods 2
Nondurable goods
Services '
Factor income 3 4
Other 5
Capital grants received by the United
States (net)
Payments to foreigners
Imports of goods and services 6
Merchandise2
Durable goods 2
Nondurable goods
Services 6
Factor income 3
Other7
Transfer payments (net)
From persons (net)
From government (net)
Interest paid by government to
foreigners
Net foreign investment
6
. ..
1987
1989
m
IV
n
I
El'
448.6
547.7
532.5
556.8
579.7
605.6
626.1
628.5
448.6
255.1
161.8
93.3
193.5
96.6
97.0
547.7
322.0
206.8
115.2
225.7
116.7
108.9
532.5
314.4
201.4
113.0
218.1
111.3
106.9
556.8
327.5
208.5
119.0
229.3
118.1
111.2
579.7
341.0
221.3
119.7
238.6
125.5
113.2
605.6
358.7
231.4
127.2
246.9
131.9
115.1
626.1
372.1
239.1
133.0
254.0
136.2
117.8
628.5
370.4
246.0
124.4
258.1
134.5
123.6
0
0
0
0
0
0
0
0
448.6
547.7
532.5
556.8
579.7
605.6
626.1
628.5
561.2
412.4
264.2
148.3
148.8
66.1
82.7
621.3
449.0
294.5
154.5
172.3
83.4
88.9
607.5
439.5
286.9
152.6
168.0
81.3
86.7
623.0
448.8
294.0
154.8
174.2
85.9
88.3
650.5
468.8
312.6
156.3
181.6
91.0
90.6
659.6
469.8
309.6
160.3
189.8
97.3
92.5
676.6
480.0
308.0
172.0
196.6
105.2
91.4
673.6
482.2
309.8
172.4
191.4
101.0
90.4
14.3
1.9
12.4
14.7
1.9
12.9
11.7
1.5
10.2
13.6
1.9
11.7
20.2
1.9
18.2
13.8
2.2
11.5
12.5
1.4
11.1
15.7
1.6
14.1
24.1
29.1
28.4
30.2
31.1
32.5
34.4
33.9
-150.9 -117.5 -115.0 -109.9 -122.0 -100.3
-97.5
-44.8
II
ffl
IV
I
n
nir
450.9
530.1
519.7
531.9
551.4
569.7
587.5
593.1
Merchandise 2
Durable goods 2
Nondurable goods
285.7
185.8
99.8
344.3
234.0
110.4
339.0
228.2
110.8
344.1
234.2
109.9
358.6
248.0
110.5
372.5
254.0
118.5
386.9
262.8
124.1
390.6
272.3
118.3
Services '
Factor income 3 *
Other5
165.2
81.1
84.1
185.8
94.7
91.1
180.6
90.8
89.8
187.8
95.3
92.5
192.8
100.0
92.8
197.2
104.0
93.2
200.6
106.1
94.5
202.5
103.9
98.6
566.6
605.0
592.3
606.9
625.2
624.6
638.7
650.2
440.5
261.8
178.7
467.1
280.8
186.3
456.5
274.5
182.1
468.3
281.8
186.6
483.4
291.3
192.1
477.4
290.7
186.7
487.5
296.1
191.4
504.3
303.8
200.5
126.1
54.5
71.5
137.9
66.6
71.3
135.8
65.2
70.5
138.5
68.2
70.3
141.9
71.4
70.4
147.2
75.7
71.6
151.1
80.9
70.2
145.9
76.9
69.0
Exports of goods and services »
Imports of goods and services6
1. See footnote 5 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to "other" services.
3. Line 7 less line 16 equals rest-of-the-world product as shown in table 1.7.
4. Estimates beginning with the first quarter of 1986 exclude noninterest income of banks, which was
reclassified to "other" services.
5. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical
services and incorporate improved measurement of telecommunications services and insurance services;
incorporate new source data on travel and passenger fares; cover foreign students' expenditures in the United
States; cover repairs and alterations of equipment; and cover noninterest income of banks.
6. See footnote 7 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
7. Estimates beginning with the first quarter of 1986 cover many business, professional, and technic:
services and incorporate improved measurement of telecommunications services and insurance service
incorporate new source data on travel and passenger fares; cover U.S. students' expenditures abroad; cover
repairs and alterations of equipment.
1989
1988
1988
Merchandise2
Durable goods 2
Nondurable goods
Services6
Factor income 3
Other 7
...
1. See footnote 5 and the box on page 21C of the July 89 SURVEY OF CURRENT BUSINESS.
2. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to "other" services.
3. Line 6 less line 13 equals rest-of-the-world product as shown in table 1.8.
4. Estimates beginning with the first quarter of 1986 exclude noninterest income of banks, which was
reclassified to "other" services.
5. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical
services and incorporate improved measurement of telecommunications services and insurance services;
incorporate new source data on travel and passenger fares; cover foreign students' expenditures in the United
States; cover repairs and alterations of equipment; and cover noninterest income of banks.
6. See footnote 7 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
7. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical
services and incorporate improved measurement of telecommunications services and insurance services;
incorporate new source data on travel and passenger fares; cover U.S. students' expenditures abroad; cover
repairs and alterations of equipment.
SURVEY OF CURRENT BUSINESS
12
December 1989
Table 4.3.—Merchandise Exports and Imports by Type of Product and by EndUse Category
Table 4.4.—Merchandise Exports and Imports by Type of Product and by EndUse Category in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1987
II
Merchandise exports '
Foods feeds and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other >
Durable goods * 2
Nondurable goods 2
Merchandise imports »
Foods, feeds, and beverages
Industrial supplies and materials,
excluding petroleum
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other1
Durable goods ' 2
Nondurable goods 2
1987
1989
1988
1988
in
IV
I
n
322.0
314.4
327.5
341.0
358.7
372.1
370.4
32.9
83.0
27.9
55.1
112.4
32.5
24.2
11.0
13.2
37.0
23.1
14.0
32.2
81.7
27.8
53.9
109.3
31.1
23.2
10.3
12.8
36.9
22.9
14.0
34.8
85.2
28.6
56.6
112.9
31.9
24.9
11.5
13.4
37.8
23.6
14.2
34.6
86.4
30.2
56.3
119.7
34.3
26.6
12.2
14.4
39.5
24.9
14.5
38.6
92.6
32.5
60.1
123.4
35.5
29.9
15.1
14.8
38.7
25.0
13.7
37.9
99.0
34.0
65.0
129.3
34.4
32.2
16.5
15.7
39.3
24.9
14.4
32.3
96.6
34.4
62.2
138.3
33.2
32.0
15.9
16.1
37.9
24.1
13.7
412.4
449.0
439.5
448.8
468.8
469.8
480.0
482.2
24.8
24.9
23.8
24.8
25.1
25.1
25.1
24.9
65.9
35.0
30.8
42.9
85.1
85.2
88.8
49.0
39.8
19.7
9.8
9.8
76.4
40.9
35.6
39.3
101.8
87.9
96.4
52.8
43.6
22.3
11.2
11.2
74.2
39.3
35.0
41.0
101.0
85.3
93.0
50.7
42.3
21.2
10.6
10.6
76.3
40.1
36.2
39.1
102.7
87.0
96.5
53.0
43.5
22.5
11.2
11.2
80.6
44.1
36.5
36.9
107.1
93.0
101.8
56.1
45.6
24.4
12.2
12.2
80.2
43.5
36.6
43.4
108.7
91.3
98.4
54.7
43.7
22.7
11.4
11.4
78.1
42.5
35.6
53.8
113.9
84.8
101.2
55.2
46.0
23.1
11.5
11.5
77.4
42.0
35.4
52.2
114.1
84.9
104.9
56.9
48.0
23.8
11.9
11.9
29.5
225.5
369.5
38.1
283.8
409.7
37.6
276.8
398.5
39.7
287.8
409.7
39.2
301.9
432.0
43.1
315.6
426.4
43.4
328.7
426.3
38.6
331.8
430.1
Merchandise exports '
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other » .
Durable goods * 2
Nondurable goods 2 . ..
Merchandise imports '
Foods, feeds, and beverages
Industrial supplies and materials,
excluding petroleum
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except autos
Autos .. .
Consumer goods
Durable goods
Nondurable goods
Other '
Durable goods ' 2
Nondurable goods 2
1989
m
IV
I
II
III'
285.7
344.3
339.0
344.1
358.6
372.5
386.9
390.6
30.1
69.4
21.3
48.2
112.6
24.3
17.1
7.6
9.5
32.0
20.0
12.0
33.1
79.7
26.8
52.9
144.3
28.1
21.7
10.3
11.4
37.5
24.5
13.0
34.3
79.0
26.8
52.2
140.2
27.2
20.9
9.8
11.1
37.4
24.2
13.2
32.0
80.5
27.0
53.5
144.6
27.3
22.3
10.7
11.6
37.4
24.5
12.9
31.9
81.8
28.5
53.2
152.4
29.2
23.6
11.3
12.3
39.7
26.6
13.1
36.1
88.7
31.2
57.5
152.7
29.9
26.0
13.7
12.3
39.0
26.5
12.5
36.2
94.1
32.3
61.8
160.4
29.0
28.0
14.9
13.1
39.2
26.2
13.1
32.2
93.2
32.9
60.3
170.5
27.7
27.7
14.5
13.3
39.3
26.7
12.5
440.5
467.1
456.5
468.3
483.4
477.4
487.5
504.3
23.9
22.7
21.7
22.5
22.7
22.9
23.1
24.5
73.5
39.3
34.3
78.2
102.1
67.8
77.2
43.8
33.3
17.8
8.9
8.9
73.7
39.5
34.2
86.2
121.2
66.4
78.2
44.3
33.9
18.7
9.4
9.4
71.9
38.2
33.7
84.9
120.4
64.8
75.1
42.2
32.9
17.8
8.9
8.9
72.7
38.3
34.4
86.4
123.6
65.7
78.6
44.7
33.8
18.9
9.4
9.4
75.1
41.1
34.0
90.3
124.8
68.8
81.7
46.6
35.1
20.0
10.0
10.0
72.7
39.4
33.3
87.9
129.5
67.4
78.5
45.2
33.3
18.6
9.3
9.3
71.2
38.8
32.4
91.6
138.8
63.2
80.7
45.9
34.8
19.0
9.5
9.5
72.0
39.5
32.5
97.4
144.2
63.0
83.4
47.2
36.2
19.7
9.9
9.9
34.9
250.7
362.3
37.6
306.7
380.9
38.8
300.2
371.7
36.2
307.9
381.9
36.2
322.3
393.1
40.1
332.4
389.5
40.7
346.2
395.9
37.1
353.5
406.9
Addenda:
Addenda:
Exports of agricultural products 3
Exports of nonagricultural products ....
Imports of nonpetroleum products
1988
II
El'
24.8
66.3
20.3
46.0
87.7
27.5
18.3
7.7
10.6
30.5
18.5
12.0
255.1
1988
Exports of agricultural products 3
Exports of nonagricultural products ....
Imports of nonpetroleum products
1. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to services other than factor income.
2. Because no data are available to distribute exports and imports of "other" merchandise between durable
and nondurable goods prior to 1986, or to distribute imports of "other" merchandise for all time periods,
estimates were distributed equally.
3. Includes parts of line 2 and line 5.
1. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to services other than factor income.
2. Because no data are available to distribute exports and imports of "other" merchandise between durable
and nondurable goods prior to 1986, or to distribute imports of "other" merchandise for all time periods,
estimates were distributed equally.
3. Includes parts of line 2 and line 5.
NOTE.—Beginning with 1985, the definitions of the end-use categories have been changed. For a
description of the new definitions, see the technical notes in "U.S. International Transactions, First Quarter
1988," SURVEY OF CURRENT BUSINESS 68 (June 1988): 34-39 and 57.
NOTE.—Beginning with 1985, the definitions of the end-use categories have been changed. For a
description of the new definitions, see the technical notes in "U.S. International Transactions, First Quarter
1988," SURVEY OF CURRENT BUSINESS 68 (June 1988): 34-39 and 57.
Table 5.1.—Gross Saying and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
1987
1988
1988
II
Gross saving
Gross private saving
Personal saving
Undistributed corporate profits with
inventory valuation and capital
consumption adjustments
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Corporate capital consumption
allowances with capital
consumption adjustment
Noncorporate capital consumption
allowances with capital
consumption adjustment
Wage accruals less disbursements
Government surplus or deficit (-),
national income and product
accounts
Federal
State and local
1989
in
IV
n
I
HP
553.8
642.4
633.4
669.8
647.4
693.5
695.8
709.9
663.8
101.8
738.6
144.7
722.5
134.0
742.4
149.6
769.3
163.4
792.1
205.7
793.7
200.7
809.7
195.1
75.3
43.3
-18.9
50.9
80.3
58.5
-25.0
46.8
78.3
58.3
-28.8
48.9
77.6
61.1
-30.4
46.9
81.7
60.4
-20.1
41.5
53.4
55.1
-38.3
36.6
52.0
40.2
-20.5
32.3
49.3
29.1
-6.3
26.5
303.1
321.7
319.0
323.1
329.7
335.2
339.7
349.9
183.6
0
191.9
0
191.2
0
192.1
0
194.4
0
197.8
0
201.3
0
215.3
0
-99.8
-97.9
-89.1 -72.7 -121.9 -98.7
-110.1 -96.1
-161.4 -145.8 -141.5 -122.5 -167.6 -147.5 -145.4 -144.7
52.4
44.9
45.7
48.8
47.5
49.8
49.7
51.3
Capital grants received by the
United States (net)
0
0
0
0
0
0
0
0
Gross investment
549.0
632.8
633.4
661.2
630.8
669.3
677.5
684.3
699.9 750.3 748.4 771.1 752.8 769.6
-150.9 -117.5 -115.0 -109.9 -122.0 -100.3
775.0
-97.5
779.1
-94.8
-18.3
-25.5
Gross private domestic investment
Net foreign investment
Statistical discrepancy
-4.7
-9.6
-.1
-8.6
-16.6
-24.1
13
SURVEY OF CURRENT BUSINESS
December 1989
Table 5.8.—Change in Business Inventories by Industry
Table 5.9.—Change in Business Inventories by Industry in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1987
Change in business
inventories
1988
1988
Seasonally adjusted at annual rates
1989
1987
II
III
IV
I
n
44.6
18.7
27.7
27.4
27.4
3.1
-22.2
8.6
3.8
7.5
HI'
29.3
30.6
29.3
-1.3
-3.6
-1.1
30.5
56.2
-25.7
34.2
70.6
-36.4
30.4
72.3
-41.9
41.5
84.4
-42.8
40.8
71.2
-30.4
19.1
76.8
-57.8
23.6
54.5
-30.9
19.8
27.2
-7.3
Manufacturing
Durable goods. .
Nondurable goods
4.4
3.3
1.2
9.1
8.7
.4
4.5
5.0
-.5
6.6
7.5
-.9
14.9
14.6
.3
4.5
10.2
-5.7
9.8
5.3
4.5
14.5
9.8
4.8
Wholesale trade
Durable goods
Nondurable goods
5.7
3.8
1.9
8.9
7.3
1.6
4.2
-4.3
8.5
9.7
16.1
-6.3
4.5
2.2
2.3
-4.6
1.2
-5.9
6.1
6.9
-.9
3.3
1.9
1.4
Merchant wholesalers
Durable goods .
Nondurable goods
5.7
3.5
2.2
7.7
6.0
1.7
4.9
-4.1
9.1
7.4
14.1
-6.7
2.4
-.2
2.6
-4.1
1.7
-5.8
6.4
7.7
-1.3
.3
-.4
.6
Nonmerchant wholesalers
Durable goods
Nondurable goods
0
.3
-.3
1.2
1.3
-.1
-.8
-.2
-.6
2.3
1.9
.4
2.1
2.4
-3
-.5
-.4
-.4
-.8
.4
3.1
2.3
.8
Retail trade
Durable goods
Automotive
Other
Nondurable goods
16.8
13.2
9.2
4.0
3.7
8.3
6.1
3.1
3.1
2.1
13.9
13.4
11.5
1.8
.6
15.1
14.2
10.0
4.2
.9
13.6
11.4
7.7
3.7
2.1
9.9
7.3
10.6
-3.3
2.6
3.1
-5.4
-3.6
-1.8
8.4
-2.0
-7.3
-10.6
3.3
5.3
Other
Durable goods
Nondurable goods
3.6
1.8
1.8
7.9
2.9
5.0
7.7
2.9
4.9
10.1
3.6
6.4
7.9
3.8
4.1
9.3
3.3
6.0
4.6
-.9
5.5
4.0
.8
3.2
Farm
Nonfarm
Change in book value
Inventory valuation adjustment '
1988
1988
Change in business
inventories
II
in
1989
IV
n
I
HP
23.7
27.9
21.5
37.5
18.3
24.5
Farm
-2.1
-2.8
-4.0
.3
-13.6
7.6
-.5
5.6
Nonfarm
25.8
30.7
25.4
37.2
31.9
16.9
19.5
16.2
Manufacturing
Durable goods
.
Nondurable goods
3.3
2.7
.7
8.5
8.2
.3
4.2
5.0
-.8
5.8
7.4
-1.6
12.2
13.2
-1.0
3.8
8.3
-4.5
8.3
4.1
4.2
12.0
8.2
3.9
Wholesale trade
Durable goods
Nondurable goods
4.4
3.4
1.0
8.5
6.6
1.9
2.8
-3.9
6.7
9.8
14.3
-4.5
1.9
1.9
0
-2.4
1.0
-3.4
4.5
6.2
-1.7
2.4
1.4
1.0
Merchant wholesalers
Durable goods
Nondurable goods
4.7
3.2
1.5
7.5
5.4
2.1
4.1
-3.7
7.8
7.4
12.5
-5.2
.4
-.3
.7
-2.1
1.5
-3.5
5.2
7.0
-1.7
-.5
-.6
.1
Nonmerchant wholesalers
Durable goods
Nondurable goods
-.3
.3
-.5
1.0
1.2
-3
-1.3
-.2
1i
2.5
1.8
.7
1.5
2.2
-.7
-.4
-.5
.1
-.8
-.8
0
2.9
2.0
1.0
Retail trade
Durable goods
Automotive
Other
Nondurable goods
15.1
11.8
8.1
3.7
3.3
7.3
5.4
2.6
2.8
1.9
12.2
11.7
10.0
1.7
.5
13.3
12.5
8.6
3.9
.8
11.6
9.8
6.6
3.2
1.9
8.4
6.1
9.0
-2.9
2.3
2.6
-4.6
-3.0
-1.5
7.2
-1.6
-6.1
-9.0
2.9
4.5
Other
Durable goods
Nondurable goods
2.9
1.7
1.2
6.5
2.5
4.0
6.2
2.5
3.7
8.3
3.1
5.2
6.2
3.2
3.0
7.1
2.7
4.4
4.1
-.8
4.9
3.4
.7
2.7
19.1
21.9
1. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business
incomes. 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. This mix differs from that
underlying business income derived primarily from Internal Revenue Service statistics.
Table 5.10.—Inventories and Final Sales of Business by Industry
Table 5*11.—Inventories and Final Sales of Business by Industry in Constant
Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted quarterly totals
Seasonally adjusted quarterly totals
1988
II
Inventories '
962.0
Farm
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods
,. .
. ..
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Retail trade
Automotive
Other
Nondurable goods
Other
Final sales 2
Final sales of goods and structures 2
in
IV
I
n
77.6
75.7
78.2
77.4
775
887.0
520.3
366.7
907.7
535.5
372.2
928.3
549.5
378.7
948.4
561.8
386.6
956.5
564.3
392.2
964 3
568 6
395 7
Nonfarm
Durable goods
Nondurable goods
354.9
236.1
118.7
360.8
240.5
120.4
368.6
246.9
121.7
376.5
253.2
123.4
378.2
254.0
124.1
382 9
257 9
125 0
Manufacturing
Durable goods
Nondurable goods
210.1
133.3
76.8
215.7
138.6
77.1
218.6
140.7
77.9
221.6
142.9
78.7
223.8
145.2
78.6
225 4
146 6
73 g
Wholesale trade
Durable eoods
Nondurable goods
184.0
117.7
66.3
188.9
122.4
66.5
191.0
123.7
67.3
193.1
125.8
67.4
195.4
128.3
67.1
196 2
129 0
67 2
26.0
15.6
10.5
26.8
16.2
10.6
27.6
17.0
10.6
28.5
17.1
11.3
28.4
16.9
11.5
29 2
17 (j
212.5
108.1
54.0
54.0
104.5
218.2
112.3
56.9
55.4
105.9
223.7
116.2
59.4
56.8
107.4
229.0
119.0
62.3
56.7
110.0
231.3
118.3
61.5
56.8
113.0
231 7
59 1
57 9
1 14 7
109.5
113.0
117.4
121.2
123.3
124 4
341.0
194.7
345.8
196.8
354.4
202.4
360.0
205.4
366.6
208.9
371.8
210.5
2.82
2.60
2.85
2.62
2.83
2.62
2.85
2.63
2.82
2.61
2 80
2.59
4.55
4.61
4.59
4.62
4.58
4 58
Farm
Merchant wholesalers
Durable goods
Nondurable goods
.
,
...
Nonmerchant wholesalers
Durable goods
Retail trade
Automotive
Other
Nondurable goods
Other
Final sales 2
Final sales of goods and structures 2
HP
IV
876.5
885.9
890.5
896.6
901.4
71.1
71.2
67.8
69.7
69.6
71.0
805.4
460.3
345.1
814.7
469.6
345.1
822.7
476.7
346.0
826.9
481.2
345.7
831.8
482.4
349.4
835.8
483.5
352.4
322.8
210.2
112.6
324.3
212.1
112.2
327.3
215.4
111.9
328.3
217.5
110.8
330.4
218.5
111.9
333.4
220.5
112.8
190.6
117.7
72.8
193.0
121.3
71.7
193.5
121.8
71.7
192.9
122.0
70.9
194.0
123.6
70.4
194.6
123.9
70.7
165.1
104.0
61.1
166.9
107.1
59.8
167.0
107.0
60.0
166.5
107.4
59.1
167.8
109.1
58.7
167.7
109.0
58.7
25.5
13.7
11.7
26.1
14.2
11.9
26.5
14.7
11.7
26.4
14.6
11.8
26.2
14.4
11.8
26.9
14.9
12.0
187.4
95.3
46.8
48.5
92.1
190.7
98.4
48.9
49.5
92.3
193.6
100.8
50.6
50.3
92.8
195.7
102.3
52.8
49.5
93.4
196.4
101.2
52.0
49.2
95.2
196.0
99.7
49.8
49.9
96.3
I
906.8
104.6
106.7
108.2
110.0
111.0
111.9
287.7
177.2
288.5
177.0
291.9
179.5
294.3
181.4
296.8
182.8
298.6
183.0
3.05
2.80
3.07
2.82
3.05
2.82
3.05
2.81
3.04
2.80
3.04
2.80
4.54
4.60
4.58
4.56
4.55
4.57
Ratio of inventories to final sales
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 quarterly rates, whereas
CBI is stated at annual rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households
and institutions, government, and rest of the world, and includes a small amount of final sales by farms.
Inventories l
985.3 1,004.0 1,026.6 1,033.9 1,041 8
75.0
n
in
II
HP
Ratio of inventories to final sales
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
1989
1988
1989
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from this table are at
quarterly rates, whereas the constant-dollar change in business inventories component of GNP is stated at
annual rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households
and institutions, government, and rest of the world, and includes a small amount of final sales by farms.
14
SURVEY OF CURRENT BUSINESS
December 1989
Table 5.12.—Fixed Investment by Type
Table 5.13.—Fixed Investment by Type in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1987
1988
1988
II
Seasonally adjusted at annual rates
1989
HI
IV
n
I
1987
1988
HI'
1989
1988
II
III
IV
n
I
III'
Fixed investment
670.6
719.6
719.1
726.5
734.1
742.0
747.6
751.7
Fixed investment
650.3
687.9
692.0
696.1
690.8
696.6
700.7
702.7
Nonresidential
444.3
487.2
487.1
493.2
495.8
503.1
512.5
519.6
Nonresidential
455.5
493.8
497.8
501.0
492.7
501.0
511.4
517.9
Structures
Nonresidential buildings,
excluding farm
Public utilities
Mining exploration, shafts, and
wells
Other
133.8
140.3
139.9
142.0
142.5
144.7
142.4
146.2
122.3
122.2
122.5
123.0
121.4
121.1
118.1
120.4
92.6
24.6
97.8
26.1
98.9
24.6
98.7
26.8
97.9
28.6
101.3
28.8
98.5
28.5
101.3
28.3
77.1
22.5
78.7
22.6
79.9
21.4
79.3
23.0
78.1
24.2
79.8
24.5
76.6
24.0
77.7
23.6
11.5
5.1
12.0
4.5
12.2
4.2
12.3
4.1
11.0
4.9
9.7
4.8
9.9
5.5
10.7
5.9
Structures
Nonresidential buildings,
excluding farm
Public utilities
Mining exploration, shafts, and
wells
Other
18.2
4.4
17.2
3.7
17.6
3.5
17.3
3.4
15.0
4.1
12.9
3.9
13.1
4.5
14.2
4.8
Producers' durable equipment
Information processing and
related equipment
Industrial equipment
Transportation and related
equipment
Other
310.5
346.8
347.2
351.3
353.3
358.5
370.1
373.4
371.6
375.3
378.0
371.3
379.9
393.2
397.6
114.7
81.9
116.0
80.5
116.9
83.0
115.1
87.8
117.8
92.2
122.7
90.7
122.0
91.6
152.9
61.9
174.2
68.4
177.7
67.6
178.6
69.5
172.2
72.0
180.3
74.9
189.1
73.5
191.1
73.5
67.6
67.6
76.3
73.9
76.7
74.0
77.4
74.0
76.7
73.7
72.2
76.3
77.6
79.0
79.8
80.1
Producers' durable equipment
Information processing and
related equipment
Industrial equipment
Transportation and related
equipment
Other
..
333.2
104.2
71.1
58.9
59.6
65.7
63.3
66.5
63.4
66.7
63.2
64.7
62.4
60.7
63.9
64.8
65.7
66.9
66.0
226.4
114.4
26.6
85.4
232.4
116.5
23.3
92.6
232.1
116.6
22.7
92.8
233.2
115.1
23.1
95.0
238.4
119.2
23.4
95.8
238.8
121.5
24.1
93.2
235.1
114.8
25.0
95.3
232.1
112.4
24.1
95.6
194.8
97.4
22.7
74.7
194.1
96.2
19.3
78.6
194.2
96.7
18.8
78.7
195.1
95.3
19.1
80.7
198.1
97.9
19.2
80.9
195.6
98.3
19.5
77.8
189.3
91.1
19.8
78.4
184.8
87.9
18.8
78.0
Residential
Single-family structures
Multifamily structures
Other
Residential
Single-family structures
Multifamily structures
Other
Table 6.3B.—National Income Without Capital Consumption Adjustment by
Industry
,
,
Table 6.18B.—Corporate Profits by Industry
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1987
1988
1988
II
HI
1987
1989
IV
I
n
II
3,638.3 3,952.8 3,911.7 3,985.2 4,083.4 4,178.4 4,249.8 4,300.5
Domestic industries
3,607.8 3,919.5 3,881.7 3,953.0 4,048.9 4,143.9 4,218.9 4,266.9
Private industries
3,078.5 3,352.6 3,318.9 3,382.0 3,470.1 3,549.6 3,616.8 3,656.7
Agriculture, forestry, and fisheries..
Mining
Construction
. ..
90.8
30.5
197.2
90.4
34.4
211.2
96.1
34.5
210.4
88.0
34.8
213.2
82.5
33.9
217.4
109.5
35.0
220.5
102.7
37.2
221.6
88.7
38.3
224.3
Manufacturing
Durable goods
Nondurable goods
718.7
422.9
295.8
788.6
455.0
333.6
781.1
453.6
327.5
789.9
457.4
332.6
816.1
469.2
346.9
817.1
469.9
347.2
818.2
466.7
351.5
823.1
467.9
355.2
Transportation and public utilities...
Transportation
278.7
120.0
80.6
300.2
131.1
83.6
298.1
131.0
83.1
304.7
133.6
84.5
311.1
134.9
85.7
314.5
137.1
87.8
321.4
140.0
90.0
322.0
142.1
87.2
78.1
85.5
84.0
86.5
90.6
89.7
91.4
92.7
Electric, gas, and sanitary
services
Wholesale trade
Retail trade
Finance, insurance, and real estate..
Services
Government and government
enterprises
Rest of the world
,
m
rv
I
II
ID'
nr
Corporate profits with inventory
valuation and capital consumption
adjustments
National income without
capital consumption
adjustment
1989
1988
1988
214.9
313.3
520.0
714.4
234.5
335.6
568.8
789.0
229.2
333.1
558.1
778.2
236.5
338.5
576.4
800.0
244.9
344.2
594.5
825.5
244.7
346.6
613.3
848.3
251.6
353.9
633.3
876.9
257.2
362.8
638.4
902.1
529.3
566.9
562.8
571.0
578.8
594.3
602.0
610.2
30.5
33.3
30.0
32.3
34.5
34.5
31.0
33.5
298.7 328.6 325.3 330.9 340.2 316.3 307.8 295.2
259.6 285.0 284.6 285.9 293.7 269.7 264.2 249.5
Domestic industries
Financial
Nonfinancial
35.0 35.7 35.9 37.5 35.5 34.4 33.6 22.8
, 224.6 249.3 248.7 248.3 258.2 235.3 230.5 226.7
.
39.1
Rest of the world
43.7
40.7
Corporate profits with inventory
247.8 281.8 276.4
30.5
16.0
14.5
Financial
Federal Reserve banks
Other
,
Durable goods
Primary metal 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
Rest of the world
29.8
18.1
11.7
29.7
17.4
12.3
178.2 208.4 206.1
„
Manufacturing
Transportation and public utilities
Wholesale and retail trade
Other
46.5
46.6
43.6
45.7
284.1 298.7 279.7 275.5 268.7
208.7 238.2 235.8 239.0 252.2 233.1 231.8 223.0
Domestic industries
Nonfinancial
45.1
.
31.6
18.3
13.3
30.1
19.3
10.8
29.3
20.3
9.0
28.6
21.2
7.4
17.8
20.4
-2.6
207.3 222.1 203.9 203.2 205.2
76.6
98.4
98.2
95.1
105.5
96.5
90.3
86.6
34.4
3.6
5.0
3.4
3.4
3.3
15.8
38.1
6.4
6.1
4.8
4.6
2.4
13.8
41.3
6.6
6.5
6.7
4.8
1.0
15.6
38.3
6.8
4.8
6.0
5.8
3.2
11.8
39.8
7.4
5.9
2.1
6.6
4.5
13.4
35.6
6.5
7.2
2.0
4.4
3.0
12.4
31.5
6.6
6.7
2.8
5.1
-1.9
12.2
28.6
6.7
6.2
2.3
3.0
-2.0
12.3
42.2
12.2
10.5
-1.9
21.4
60.3
15.7
17.4
3.7
23.5
57.0
15.5
15.9
1.6
24.0
56.8
14.9
15.6
3.8
22.5
65.7
17.2
22.0
5.3
21.2
60.9
17.4
18.5
1.2
23.8
58.8
14.8
18.1
1.0
24.9
58.0
14.8
15.9
3.9
23.4
34.6
41.1
25.9
39.3
40.1
30.6
39.2
37.3
31.3
40.8
39.2
32.2
43.5
41.8
31.3
41.6
34.1
31.7
40.8
36.9
35.2
39.4
41.9
37.4
39.1
43.7
40.7
45.1
46.5
46.6
43.6
45.7
15
SURVEY OF CURRENT BUSINESS
December 1989
Table 7.1.—Fixed-Weighted Price Indexes for Gross National Product, 1982
Weights
Table 7.2.—Fixed-Weighted Price Indexes for Gross National Product by
Major Type of Product, 1982 Weights
[Index numbers, 1982=100]
[Index numbers, 1982=100]
Seasonally adjusted
Seasonally adjusted
1987
1988
1988
1987
1989
II
III
IV
I
II
II?
Gross national product
119.1
124.1
123.3
124.9
126.2
127.7
129.3
130.2
Personal consumption expenditures
120.7
125.9
125.1
126.6
128.1
129.6
131.6
132.3
Durable goods
Nondurable goods
Services
.
...
110.3 112.9 112.4 113.2 114.1 114.7 114.7 115.2
112.6 117.2 116.6 118.1 119.4 121.0 124.5 124.3
129.4 135.5 134.7 136.2 138.1 139.8 141.1 142.6
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
107.8 111.3 111.0
105.4 109.0 108.6
101.7 107.1 106.5
107.8 110.2 109.9
115.9 119.5 119.3
111.5 112.7
109.3 110.5
107.9 109.1
110.2 111.5
119.3 120.1
105.6 111.2 110.0
101.2 106.3 106.1
112.6 113.3 113.7 114.6 114.4
106.2 107.3 109.5 111.1 109.8
114.1
111.8
110.5
112.7
121.8
115.2
112.6
111.6
113.3
123.9
116.1
113.5
112.7
114.0
125.3
Net exports of goods and services
Exports
Government purchases of goods and services.... 119.6
Federal
National defense
Nondefense
113.3
113.8
112.0
124.3
125.1
124.4
125.9
126.9
117.9
117.9
118.0
130.4
117.4
117.7
116.7
129.6
118.7
118.3
119.7
131.2
119.3 122.3 122.7 123.0
119.0 122.0 122.5 122.5
120.0 123.0 123.2 124.2
132.6 134.7 136.2 137.6
129.4
130.5
Gross national product
Final sales .
Change in business inventories
Goods
Final sales
Change in business inventories
1989
n
ni
IV
I
II
DP
126.2
127.7
129.3
130.2
119.1
124.1
123.3
124.9
118.9
124.0
123.2
124.8 126.1
127.6 129.2 130.1
111.0
115.1
114.3
116.2
118.1
110.8
115.0
114.1 116.0
107.1 108.2 107.8
107.0 108.3 107.9
Nondurable goods.. .
Final sales
Change in business inventories
.... 113.7 119.8
113.5 119.5
117.3
117.1 118.0
120.0
120.3
119.8 120.1
108.7 109.1 109.9 110.6 111.2
108.7 109.2 110.1 110.8 111.3
118.6 121.3 122.8 123.6 126.3 126.4
118.4 121.0 122.5 123.4 126.1 126.2
Services
127.9
133.7
133.0
134.4
136.0
138.0
139.4
140.7
Structures
109.1
113.7
113.2
114.2
115.2
116.8
118.2
119.4
131.4
Table 7.3.—Fixed-Weighted Price Indexes for Relation of Gross National
Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers,
1982 We ights
[Index numbers, 1982=100]
118.9 124.0 123.2 124.8 126.1 127.6
117.2 122.2 121.0 123.5 124.9 126.6
91.7 92.4 92.3 92.8 92.9 94.0
125.2 131.0 130.3 131.5 133.3 134.8
129.2 130.1
129.0 129.9
100.6 98.2
136.1 137.2
Seasonally adjusted
1987
1988
1988
n
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1988
....
Durable goods
Final sales
Change in business inventories
Addenda:
Final sales
Personal consumption expenditures, food
Personal consumption expenditures, energy
Other personal consumption expenditures
1988
m
1989
IV
I
II
IE'
130.2
Gross national product
119.1
124.1
123.3 124.9
126.2
127.7
129.3
Less* Exports of goods and services
Plus: Imports of goods and services
105.6
101.2
111.2
106.3
110.0 112.6 113.3
106.1 106.2 107.3
113.7
109.5
114.6 114.4
111.1 109.8
Equals: Gross domestic purchases '
118.7
123.7
123.0
124.3
125.7
127.4
129.1
129.9
Equals: Final sales to domestic purchasers 2
118.6
123.5
122.9
124.2
125.6
127.3
128.9
129.7
1. Purchases in the United States of goods and services wherever produced.
2. Final sales in the United States of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
16
SURVEY OF CURRENT BUSINESS
December 1989
Table 7.7.—Implicit Price Deflators for the Relation of Gross National Product,
Net National Product, and National Income
Table 7.4.—Implicit Price Deflators for Gross National Product
[Index numbers, 1982=100]
[Index numbers, 1982=100]
Seasonally adjusted
1987
1988
1988
n
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
III
Seasonally adjusted
1989
rv
I
II
117.4
121.3
120.6
121.9
123.3
124.5
125.9
126.9
119.8
124.5
123.9
125.1
126.5
128.0
129.8
130.4
108.1 110.1 109.6 110.2 111.2 111.2 110.8 111.4
112.1 116.3 115.9 117.1 118.2 120.0 123.3 122.9
129.0 134.9 134.2 135.6 137.3 139.0 140.4 141.8
Gross private domestic investment
Fixed investment
Nonresident! al
Structures
Producers' durable equipment
Residential
„
Change in business inventories
103.1 104.6 103.9 104.4
97.5 98.7 97.8 98.4
109.4 114.9 114.2 115.4
93.2 93.3 92.5 92.9
116.2 119.7 119.5 119.6
106.3
100.6
117.3
95.2
120.4
106.7
100.2
120.6
94.1
124.2
107.0
100.3
121.5
93.9
125.6
102.5 104.7 105.1 106.3 106.6
102.6 102.7 104.0 105.6 105.9
106.0
103.6
106.5
100.4
119.5
94.4
122.1
1987
II?
117.4
Gross national product
1988
121.3
1989
1988
II
III
IV
I
II
HP
120.6
121.9
123.3
124.5
125.9
126.9
Less: Capital consumption allowances with
capital consumption adjustment
105.6
106.9
106.9
106.7
107.4
108.0 108.4 109.0
Equals: Net national product
119.0
123.2
122.5 123.9
125.5
126.8
Less: Indirect business tax and nontax liability
plus business transfer payments less subsidies
plus current surplus of government enterprises.. 118.6
Statistical discrepancy
Equals: National income
128.3
123.3
120.9 125.9 124.5 126.5 129.4
115.7
119.3
118.6 119.9
119.0
123.2
122.7
123.7
129.4
135.3
121.3 122.3 123.6 124.5
125.5
126.8
128.1
128.8
Net exports of goods and services
Exports
Imports
99.5 103.3
99.0 102.7
Government purchases of goods and services.... 118.5
Federal
National defense
Nondefense
State and local
112.4
111.1
116.7
123.2
123.4
122.6
123.5
125.4
127.1
127.5
129.0
115.9
114.0
123.6
128.8
115.0
113.5
121.0
128.1
114.9
114.4
117.1
129.6
118.2
114.9
128.7
130.8
118.9
117.4
123.8
132.9
118.2
117.8
119.2
134.4
119.8
118.3
125.0
135.6
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.8.—Implicit Price Deflators for Command-Basis Gross National
Product
[Index numbers, 1982=100]
117.4
Gross national product
Less* Net exports of goods and services
ExDorts
Imports
[Index numbers, 1982=100]
117.4
Gross national product
121.3
120.6
121.9
123.3
124.5
125.9
126.9
117.4 121.4 120.6 121.9 123.4 1246 1258 126.9
Final sales
Change in business inventories
107.0
109.0
108.5
Final sales
Change in business inventories
106.7
109.0
108.1 109.5
Durable goods
Final sales
Change in business inventories
984
98.0
977
97.4
Nondurable goods
Final sales
Change in business inventories
1147
114.4
1203 1197 121 6 1236 1234 1261 1268
1204 1191 1212 1238 1236 1257 1268
127.8
133.4
132.7
134.0
135.5
137.6
138.9
140.3
114.0
118.5
118.0
118.8
120.0
1219 123.4
124.6
Goods
116.8
.
98 1
97.6
111.1
111.4
111.2 1114
987
98.2
992
98.7
112.8
113.2
112.4 113.1
992
99.0
Plus: Command-basis net exports of goods and
services
Command-basis exports
Imports
.
Equals: Command-basis gross national
product
...
Table 7.6.—Implicit Price Deflators for Gross National Product by Sector
[Index numbers, 1982=100]
Gross domestic product
Business
Nonfarm less housing
Housing
Farm
Statistical discrepancy
117.4
121.3
120.6
121.9
123.3
124.5
125.9
126.9
117.4
121.3
120.7
121.9
123.3
124.5 125.9
126.9
115.7
116.3
1148
131.9
92 1
115.7
1193 118.6 119.9 121.3 122.3 123.6 124.5
119.6 118.9 119.9 121.6 122.5 123.8 124.8
117 8 1172 118 1 1199 1207 1220 1228
138.3 137.2 139.0 140.8 142.0 143.3 147.6
1046 1046 1173 101 8 1130 1157 1095
119.3 118.6 119.9 121.3 122.3 123.6 124.5
Households and institutions
Private households
Nonprofit institutions
1316 1370 1361 1372 1391 141 0 1424 1448
104.8 105.9 105.9 106.1 106.4 107.0 107.4 107.4
133.6 139.1 138.2 139.3 141.3 143.2 144.7 147.3
Government
Federal
State and local
128.0 134.5 133.9 135.1 136.4 139.5 140.9 142.1
1220 1272 127.2 1275 127.7 133 1 133.7 133.9
130.9 138.1 137.2 138.9 140.7 142.6 144.4 146.3
119.0
Rest of the world .. .
123.3
122.5
124.0
125.5
126.8
128.3 129.4
Addendum:
ross omestic
smess p
s ous g.
1143 117 6
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
125.9
126.9
120.9
120.3
121.3
122.8
124.2 125.5
126.2
121.2
120.7
121.6
123.1
124.4
125.8
126.4
Table 7.9.—Fixed-Weighted Price Indexes for Personal Consumption
Expenditures by Major Type of Product, 1982 Weights
[Index numbers, 1982=100]
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
Services
Gross national product
1233 124.5
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
999
99.8
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
121.9
990 102.7 1026 102.7 1040 105.6 105.9 1036
99.0 102.7 102.6 102.7 104.0 105.6 105.9 103.6
117.3
Personal consumption expenditures
Services
Structures
972
96.9
109.7
120.6
995 1033 1025 1047 105 1 1063 1066 1060
990 1027 1026 1027 1040 1056 105.9 1036
Equals: Gross domestic purchases
Table 7.5.—Implicit Price Deflators for Gross National Product by Major Type
of Product
121.3
Housing
Household operation
Electricity and gas
Other
Transportation .
Medical care
Other
120.7
125.9
125.1
126.6
128.1
129.6
131.6
132.3
110.3
112.9
112.4
113.2
114.1
114.7
114.7
115.2
1165 1186 1179 118.9 1195 120.5 120.6 120.1
1021 1038 1035 104.2 104.7 104.8 104.1 105.3
112.7 118.5 117.8 118.8 121.1 121.7 123.0 124.2
117.2
116.6
118.1
119.4
121.0
124.5
124.3
117.2
111.0
78.3
121.5
, 76.6
1276
122.2
115.8
79.1
127.5
76.8
134.5
121.0
116.8
79.0
126.9
78.6
1335
123.5
115.1
80.4
128.2
77.5
135.2
124.9
117.9
79.1
129.8
73.9
137.4
126.6
118.2
79.9
132.1
77.6
139.4
129.0
119.9
92.7
134.4
80.2
141.6
129.9
116.7
88.2
136.3
80.5
143.8
, 129.4
135.5
134.7
136.2
138.1
139.8
141.1
142.6
1300
118.3
111.9
1249
120.4
, 135.1
132.2
1364
119.9
112.7
1274
126.6
144.5
137.9
1353
119.6
112.1
1273
126.6
143.1
137.2
137 1
119.8
112.0
127.9
127.6
146.0
138.2
1389
121.7
114.7
1288
128.5
148.5
139.9
140.2
122.4
115.5
1295
130.4
151.3
141.5
141.4
122.4
115.6
129.4
130.5
153.5
143.4
1435
122.2
114.9
129.7
130.0
155.7
145.0
112.6
Table 7.14.—Fixed-Weighted Price Indexes for Exports and Imports of Goods
and Services, 1982 Weights
[Index numbers, 1982=100]
Exports of goods and services
105.6
111.2
110.0
112.6
113.3
113.7
114.6
114.4
Merchandise
Durable goods
Nondurable goods
97.4 104.1 102.8 106.2 106.3 106.1 106.8 105.7
1010 1043 1039 105 1 1055 1058 106.6 1067
92.7 103.9 101.5 108.1 108.0 107.1 106.7 104.3
Services....
Factor income
Other
117.4 121.3 120.7 121.9 123.3 124.8 126.1 127.1
119.8 124.2 123.4 124.8 126.4 127.7 129.3 130.4
113.1 116.3 115.8 116.8 117.9 119.6 120.4 121.3
Imports of goods and services
101.2
106.3
106.1
106.2
107.3
109.5
111.1
109.8
99.7 99.1 99.8 102.5 104.5 102.1
117.8 117.8 120.5 121.0 119.9 119.5
81.2 80.1 78.7 83.5 87.9 84.3
Merchandise
....
Durable goods
Nondurable goods
95.1 99.5
109.8 118.0
79.4 80.0
Services
Factor income
Other
1188 1260 1249 126.8 1293 130.3
119 1 1233 1225 124.0 125.5 126.8
1186 128.1 1267 129.1 132.2 133.0
131.4 132.4
128.4 129.5
133.7 134.7
SURVEY OF CURRENT BUSINESS
December 1989
17
Table 7.15.—Fixed-Weighted Price Indexes for Merchandise Exports and
Imports by Type of Product and by End-Use Category, 1982 Weights
Table 7.16.—Fixed-Weighted Price Indexes for Government Purchases of
Goods and Services by Type, 1982 Weights
flndex numbers, 1982=100]
[Index numbers, 1982=100]
Seasonally adjusted
Seasonally adjusted
1987
Merchandise exports
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other
Nondurable goods
Merchandise imports
Foods feeds and beverages
Industrial supplies and materials, excluding
petroleum
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
1988
1988
n
III
IV
I
II
HI'
97.4
104.1
102.8
106.2
106.3
106.1
106.8
105.7
82.1
95.5
95.5
95.4
100.3
, 113.3
107.1
101.7
111.4
96.1
92.4
99.8
99.6
104.1
104.1
104.0
102.6
115.6
111.7
106.4
115.9
101.0
94.2
107.7
94.0
103.4
103.4
103.4
102.2
114.3
111.1
105.8
115.3
100.4
94.6
106.2
109.0
105.8
105.8
105.8
102.8
116.9
111.8
107.3
115.3
103.3
96.3
110.2
108.3
105.7
105.7
105.7
103.4
117.6
113.1
107.8
117.2
102.2
93.8
110.5
106.8
104.4
104.4
104.4
103.7
118.6
115.8
110.1
120.3
102.2
94.2
110.2
104.6
105.2
105.3
105.2
104.7
118.7
115.8
110.7
119.9
102.8
95.1
110.5
100.3
103.5
104.7
103.1
105.4
120.0
116.2
109.8
121.3
100.0
90.3
109.8
95.1
99.5
99.7
99.1
99.8
102.5
104.5
102.1
103.6
109.9
109.6
110.3
110.6
109.9
108.9
101.6
90.2
90.4
90.0
54.9
109.0
125.7
115.0
111.8
119.5
110.3
110.3
110.3
104.1
104.1
104.0
45.6
115.3
132.4
123.1
119.2
128.7
119.2
119.2
119.2
103.7
103.8
103.6
48.3
115.2
131.7
123.7
120.1
128.8
119.0
119.0
119.0
105.2
105.2
105.1
45.2
114.6
132.4
122.7
118.4
128.7
119.2
119.2
119.2
107.4
107.4
107.4
40.8
118.0
135.2
124.4
120.6
129.9
121.7
121.7
121.7
110.1
110.0
110.1
49.4
117.6
135.5
125.2
121.0
131.1
122.5
122.5
122.5
109.3
109.0
109.6
58.7
116.3
134.3
125.3
120.3
132.3
121.5
121.5
121.5
107.3
105.7
109.0
53.5
116.5
134.7
125.6
120.7
132.5
120.7
120.7
120.7
Table 7.17.—Fixed-Weighted Price Indexes for National Defense Purchases of
Goods and Services, 1982 Weights
[Index numbers, 1982=100]
1988
Government purchases of goods and
services
.... 119.6
Federal
National defense
Durable goods
Services
Compensation of employees
Civilian
Other services
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
National defense purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods
,
,
,
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
,
,
Services
Compensation of employees
Military
Civilian
Other services
Contractual research and development
Installation support '
Weapons support 2 .
Personnel support 3
Transportation of materiel . .
Travel of persons
Other
Structures
Military facilities
Other
,
m
IV
I
IV
I
II
IE'
125.1
124.4
125.9
126.9
129.4
130.5 131.4
113.3 117.9
117.4
118.7
119.3
122.3
122.7
123.0
113.8
108.3
68.1
120.7
121.7
121.2
122.9
118.5
120.4
117.9
109.3
73.9
125.8
127.2
126.7
128.1
123.2
124.2
117.7
109.1
73.9
125.6
127.2
126.7
128.1
122.5
122.6
118.3
109.6
75.7
126.0
127.5
127.1
128.2
123.2
123.8
119.0
110.1
74.7
126.9
127.7
127.3
128.3
125.5
128.8
122.0
112.2
74.9
130.5
133.1
132.6
134.1
125.5
130.8
122.5
111.5
76.7
131.3
133.5
132.8
134.9
127.1
132.1
122.5
111.1
74.4
131.8
133.7
133.0
135.1
128.1
134.2
112.0
99.6
118.0
101.6
116.7
101.3
119.7
101.7
120.0
103.3
123.0
104.6
123.2
104.8
124.2
105.3
96.8
120.1
122.8
115.8
111.3
98.6
124.2
127.5
119.2
115.2
98.7
124.1
127.5
118.7
114.5
98.1
124.5
127.6
119.7
115.9
99.8
124.9
127.7
120.6
116.6
103.1
128.9
133.4
122.1
118.2
104.0
129.9
134.1
123.4
119.6
105.2
130.6
134.3
124.8
120.8
124.3
130.4
129.6
131.2
132.6
134.7
136.2
137.6
110.6
95.0
129.9
130.6
126.6
114.5
113.4
97.3
136.7
137.8
131.6
119.6
112.9
97.1
136.2
137.3
131.2
118.7
114.0
97.7
137.8
139.0
132.3
120.4
115.0
98.4
139.5
140.8
133.4
121.3
116.2
101.8
141.5
142.7
135.8
122.9
117.0
104.2
143.2
144.5
137.0
123.2
117.7
103.5
144.9
146.4
137.9
123.9
Table 7.18.—Current-Dollar Cost and Profit Per Unit of Constant-Dollar Gross
Domestic Product of Nonfinancial Corporate Business
[Dollars]
II
Seasonally adjusted
II?
113.8
117.9
117.7
118.3
119.0
122.0
122.5
108.3
109.3
109.1
109.6
110.1
112.2
111.5 111.1
110.1
109.9
114.2
120.9
89.7
106.4
108.2
99.9
110.8
106.9
117.7
125.6
89.8
108.1
111.9
102.4
110.8
107.7
117.1
124.9
89.5
107.2
111.4
101.6
111.0 111.4
107.0 106.6
117.4 118.1
126.6 127.3
90.6 91.0
108.1 109.2
112.3 113.9
103.0 103.9
113.8
110.5
118.7
130.2
90.2
110.6
115.2
105.0
112.8
106.6
119.7
131.6
91.5
111.0
116.0
105.5
112.2
106.4
114.4
132.3
93.1
111.3
116.6
105.8
68.1
73.9
73.9
75.7
74.7
74.9
76.7
74.4
51.1
98.2
109.9
58.2
98.9
115.5
58.6
98.5
114.5
60.6
99.3
115.7
58.7
99.5
117.8
58.5
101.1
118.1
60.9 57.2
102.1 102.4
118.5 118.8
120.7
125.8
125.6
126.0
126.9
130.5
131.3
121.7
121.2
122.9
118.5
115.1
126.8
114.6
146.0
92.5
103.7
127.2
126.7
128.1
123.2
120.3
130.6
117.6
156.5
94.6
107.2
127.2
126.7
128.1
122.5
119.9
129.4
116.7
157.2
92.3
108.0
127.5
127.1
128.2
123.2
120.9
131.2
117.7
152.6
93.4
108.5
127.7
127.3
128.3
125.5
122.1
132.8
119.2
161.2
99.0
108.8
133.1
132.6
134.1
125.5
122.2
132.8
119.9
157.9
99.8
111.9
133.5 133.7
132.8 133.0
134.9 135.1
127.1 128.1
125.3 125.3
135.0 137.6
121.1 122.8
155.6 157.0
97.5 96.5
111.5 111.0
120.4
124.2
122.6
123.8
128.8
130.8
132.1
134.2
121.0
119.5
125.3
122.6
123.0
122.0
124.5
122.9
132.3
123.6
132.5
128.4
133.2
130.3
135.8
131.7
1987
1988
122.5
131.8
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors
to operate installations.
2. Includes depot maintenance and contractual services for weapons systems.
3. Includes compensation of foreign personnel, consulting, training, and education.
1989
III
1989
1988^
n
1988
n
Seasonally adjusted
1987
1988
1987
1989
Current-dollar cost and profit per unit
of constant-dollar gross domestic
product '
1.104
1.129
1988
1989
n
m
IV
I
II
ffl"
1.123
1.132
1.148
1.156
1.168
1.176
Capital consumption allowances with capital
consumption adjustment
.123
.123
.122
.122
.124
.125
.126
.129
Net domestic product
.981
1.006
1.001
1.009
1.024
1.031
1.042
1.047
.106
.875
.730
.107
.899
.744
.107
.894
.740
.108
.901
.746
.108
.916
.756
.110
.921
.768
.111
.931
.778
.112
.935
.783
.098
.041
.103
.044
.103
.044
.102
.044
.105
.045
.096
.045
.093
.041
.091
.038
.058
.047
.059
.052
.059
.051
.058
.053
.061
.055
.051
.057
.053
.060
.053
.061
Indirect business tax and nontax liability plus
business transfer payments less subsidies
Domestic income
Compensation of employees
Corporate profits with inventory valuation
and capital consumption adjustments
Profits tax liability
Profits after tax with inventory valuation
and capital consumption adjustments
Net interest
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point
shifted two places to the left.
18
SURVEY OF CURRENT BUSINESS
December 1989
Table 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
1987
1988
1988
II
Gross national product:
Current dollars
1982 dollars
Chain price index
Fixed-weighted price index
Personal consumption expenditures:
Current dollars '
1982 dollars '
p.".
? . .
"
F'
A
ht H
'
' rt
Durable goods:
Current dollars
1V82 dollars
Chain price index
Fixed-weighted price index
Nondurable goods:
Current dollars
1982 dollars
p^icit price oe ator
Fixed-weighted price index
Services:
Current dollars!
1982 dollars '
Implicit price deflator
, ".
.' ;""
Gross private domestic investment:
Current dollars
1982 dollars
Implicit price deflator
Chain price index ....
Fixed-weighted price index
Fixed investment:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
HI
Seasonally adjusted at annual rates
1987
1989
IV
I
II
7.9
4.4
3.3
3.7
4.2
8.6
3.7
4.8
4.3
4.8
7.5
3.2
4.4
4.4
5.2
7.5
2.7
4.7
4.1
4.3
7.9
3.7
4.0
4.6
4.8
7.1
2.5
4.6
4.9
5.0
6.2
3.0
3.2
2.8
2.9
7.6
2.8
4.8
4.7
4.7
7.4
3.4
3.9
4.1
4.3
7.4
2.5
4.7
5.0
5.1
7.5
3.3
3.9
4.3
4.6
7.6
3.0
4.6
4.8
4.9
7.1
2.0
4.8
4.7
4.8
7.6
1.9
5.7
5.8
6.3
7.6
5.6
1.9
2.1
2.2
3.7
1.4
2.4
3.1
3.5
8.1
6.2
1.9
2.2
2.4
7.6
6.4
1.1
1.7
1.8
-1.8
-3.9
2.2
2.8
3.1
13.8
9.9
3.7
3.1
3.2
-.9
-1.1
0
2.1
2.0
4.0
5.5
-1.4
-.3
0
13.5
11.3
2.2
1.4
1.6
6.0
1.4
4.5
4.5
4.5
5.4
1.6
3.7
4.0
4.1
8.1
1.2
6.8
7.1
6.9
9.5
5.0
4.2
4.6
5.0
4.7
.7
3.8
4.5
4.5
7.6
1.3
6.2
5.5
5.5
8.7
-2.3
11.5
11.5
12.0
3.6
5.0
-1.3
-1.0
-.6
9.8
4.2
5.4
5.3
5.1
8.5
3.8
4.6
4.7
4.8
6.9
2.2
4.6
4.6
4.6
8.9
4.5
4.2
4.4
4.7
7.9
2.6
5.1
5.4
5.5
8.9
3.6
5.0
5.0
4.9
7.9
3.8
4.1
4.1
3.9
8.7
4.3
4.0
4.2
4.3
6.1
5.4
7.2
6.2
11.2
3.7
9.2
6.9
2.8
-.7
2.1
2.7
2.8
2.6
.2
2.3
2.0
7.3
5.8
1.5
2.6
3.3
12.2
12.0
0
1.9
3.1
4.2
2.4
1.9
1.4
2.1
4.3
-3.0
7.5
3.8
4.2
4.4
3.4
.8
4.1
5.0
3.1
2.4
.8
3.7
3.9
2.2
1.1
1.1
3.0
3.5
2.1
3.9
-1.8
1.2
1.2
9.7
8.4
1.2
2.4
3.4
12.8
12.3
.4
2.8
4.0
5.1
2.6
2.5
1.9
2.7
2.1
-6.5
9.2
4.4
4.7
6.0
6.9
-.8
3.2
4.7
7.7
8.6
-.8
2.1
3.0
5.7
5.2
.4
2.3
3.1
1982 dollars
Implicit price deflator ..
Chain price index
Fixed-weighted price index
-3.7
-6.0
2.3
1.7
.2
4.9
-.1
5.0
4.5
5.2
8.4
2.3
5.8
3.4
5.5
6.1
1.6
4.3
4.2
5.5
1.4
-5.1
6.8
3.9
4.5
6.3
-1.0
7.7
4.8
5.3
-6.2
-9.5
3.7
4.6
4.2
11.1
8.0
3.0
4.5
3.9
Producers' durable equipment:
Current dollars
„
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
4.8
8.1
-3.0
.9
1.8
11.7
11.5
.1
1.6
2.2
14.6
15.8
-.9
2.6
3.1
4.8
2.9
1.7
1.0
1.0
2.3
-6.9
10.3
4.6
4.8
6.0
9.6
-3.3
2.6
4.4
13.6
14.8
-1.3
1.1
2.2
3.6
4.6
-.8
1.4
2.6
4.2
-.5
4.6
4.7
4.5
2.7
-.4
3.0
3.1
3.1
11.0
11.2
0
-.1
.3
1.9
1.9
.3
.3
.3
9.2
6.3
2.7
2.7
2.6
.7 -6.1
-5.0 -12.3
5.8
7.1
5.9
7.3
5.8
7.2
-5.0
-9.2
4.6
4.7
4.6
13.1
13.5
-.3
1.6
1.9
22.1
17.6
3.8
4.9
5.3
8.6
1.8
6.9
6.7
7.0
19.5
9.7
8.9
9.0
9.9
17.5
15.5
1.5
2.0
2.4
19.1
14.0
4.6
1.5
1.6
14.2
13.1
1.1
2.3
2.5
1.5
3.9
-2.2
-.9
-.4
13.6
7.5
5.7
7.1
7.7
10.7
6.8
3.7
5.3
5.0
2.1
-2.2
4.4
6.3
6.4
10.6
10.2
.4
.5
.3
18.9
12.6
5.2
5.0
4.2
5.7
-.4
6.3
7.2
8.6
10.7
9.3
1.1
4.4
5.7
-1.8
7.4
-8.4
-3.6
-4.4
Nonresidential:
Current dollars
1982 dollars
Implicit price deflator
Fixed-weighted price index
Structures:
Residential:
Current dollars
1982 dollars
Implicit price deflator
Chain price index ...
Fixed-weighted price index
Exports of goods and services:
Current dollars '
1982 dollars '
Implicit price deflator
Chain price index .
. ..
Fixed-weighted price index
Imports of goods and services:
Current dollars '
1982 dollars >
Implicit price deflator
Chain price index
Fixed-weighted price index.
,
,
1. Percent changes for 1986 and the first quarter of 1986 reflect discontinuities in the series.
NOTE.—The fixed-weighted price index and the chain price index, both of which are weighted averages of
the detailed prices used in the deflation of GNP, are measures of price change. In calculating changes in
these indexes, the composition of GNP is held constant. Consequently these changes reflect only changes in
prices. The fixed-weighted price index measures price change over any period, using as weights the
composition of GNP in 1982. The chain price index measures price change between two consecutive periods,
Government purchases of goods and services:
Current dollars
1982 dollars
.
Implicit price deflator
Chain price index
Fixed-weighted price index
1989
1988
n
ffl'
6.9
3.7
3.2
3.4
3.6
12.7 -9.2
11.8 -12.7
1988
III
IV
I
II
IIP
6.2
2.7
3.5
3.1
3.6
4.6
.4
4.1
3.7
4.6
6.2
4.1
2.0
3.7
4.4
-.6
-3.6
3.0
1.9
4.7
23.9
16.7
6.3
3.8
3.5
1.8
-3.3
5.5
8.0
8.0
6.9
5.4
1.3
3.7
3.3
2.2
-2.4
4.8
2.9
2.8
4.1
1.6
2.5
1.5
2.5
-.1
-3.2
3.1
2.3
4.1
3.2
5.2
-1.7
2.1
3.8
-9.8
-9.5
-.3
-2.2
4.4
49.5
33.7
12.0
3.1
2.1
-7.1
-9.4
2.4
10.2
10.4
7.2
10.0
-2.3
2.4
1.2
-3.2
-8.4
5.5
1.8
1.2
National defense:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
6.1
5.2
.8
1.2
2.5
1.1
-1.4
2.6
2.2
3.6
.8
-.8
1.4
2.8
3.8
-2.5
-5.5
3.2
2.1
2.0
6.1 -2.4
4.4 -10.6
1.8
9.0
2.8
9.6
2.5 10.4
3.5
2.2
1.4
1.8
1.6
8.9
6.9
1.7
1.4
.3
Nondefense:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
-2.1
-9.3
8.0
2.4
2.4
Federal:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
State and local:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
-4.0 13.1
-9.4
33.9
5.9 -15.5
2.4
-.8
5.4
3.8
18.3 -32.5
-33.6 383.9 -19.2
37.4 -43.9
-24.3 231.3 -5.7
45.9 -14.4 -14.1
20.9
-12.3
4.2 11.8
4.1
2.8
-16.7
.4
1.2 10.4
3.4
10.6
7.7
3.4
4.1
4.2
4.3
7.9
3.2
4.5
4.7
4.9
8.2
3.4
4.5
4.9
4.9
5.6
.9
4.8
4.7
4.8
9.7
5.7
3.8
4.2
4.4
8.2
1.5
6.6
6.6
6.4
6.8
2.2
4.6
4.6
4.7
5.9
2.2
3.6
3.6
3.9
3.2
4.0
4.1
3.3
3.8
4.2
3.0
4.3
4.7
3.4
3.5
4.3
2.5
4.5
4.5
1.8
5.2
5.5
2.1
5.1
5.4
3.5
2.4
2.5
3.2
3.5
3.6
4.3
3.7
4.2
5.0
4.3
4.8
1.6
4.3
5.2
4.7
4.1
4.3
3.1
4.6
4.8
3.1
4.9
5.0
2.7
2.8
2.9
Final sales to domestic purchasers:
1982 dollars
Chain price index
Fixed-weighted price index
2.7
4.0
4.1
3.2
3.8
4.2
4.4
4.3
4.7
1.8
3.4
4.3
4.5
4.4
4.5
1.2
5.3
5.5
2.7
5.1
5.3
3.3
2.4
2.5
Command-basis gross national product:
1982 dollars
Implicit price deflator
3.0
3.8
4.5
3.3
4.0
4.8
4.3
3.0
2.2
5.0
3.5
4.3
2.5
4.6
4.0
1.9
3.8
3.2
4.4
3.3
4.3
4.8
3.1
4.0
2.5
4.7
3.8
4.0
2.9
4.6
2.8
3.2
4.1
2.8
4.6
3.1
4.5
4.9
3.0
4.5
2.5
4.8
3.9
3.3
2.8
4.3
2.8
2.9
4.3
2.7
5.2
2.8
4.2
4.1
4.4
3.4
4.6
5.8
2.4
3.0
2.8
4.3
3.6
3.3
6.4
1.6
8.5
4.4
7.2
2.4
9.1
4.9
8.9
4.3
11.9
6.6
6.5
.8
6.5
4.4
,
,
Addenda:
Gross domestic purchases:
1982 dollars
p. , " . . .
. . .
Final sales:
1982 dollars
p.
"n.
.'"" ."*"
Gross domestic product:
1982 dollars
Implicit price deflator
Business:
1982 dollars
Implicit price deflator
Nonfarm:
1982 dollars
Implicit price deflator
Disposable personal income:
Current dollars
1982 dollars
,
using as weights the composition of GNP in the first period. The implicit price deflator is a byproduct of the
deflation of GNP. It is derived as the ratio of current- to constant-dollar GNP (multiplied by 100). It it the
average of the detailed prices used in the deflation of GNP, but the prices are weighted by the composition
of GNP in each period. Consequently, the implicit price deflator reflects not only changes in prices but also
changes in the composition of GNP, and its use as a measure of price change should be avoided.
SURVEY OF CURRENT BUSINESS
December 1989
19
Reconciliation and Other Special Tables
Table 1.—Revisions in Selected Component Series of the NIPA's, Third Quarter of 1989
Seasonally adjusted at annual rates
Preliminary
Final
Percent change from
preceding quarter at annual
rates
Difference
Preliminary
Final
Billions of current dollars
GNP
5,278.9
5,281.0
2.1
6.1
6.2
National income
4,284.0
4,287.3
3.3
3.3
3.6
3,171.9
3,171.9
0
7.1
292.3
819.8
295.2
820.2
4,457.5
4,455.9
Compensation of employees
Corporate profits with inventory valuation and capital consumption
adjustments
Other
7.1
-15.4
-1.7
-18.7
-1.9
2.9
.4
-1.6
5.3
5.2
Billions of constant (1982) dollars
GNP
4,160.2
4,162.9
2.7
2.7
3.0
589.8
653.4
593.1
650.2
3.3
-3.2
1.6
9.5
3.9
7.4
4,223.8
4,220.0
-3.8
3.9
3.5
2,694.1
517.2
185.2
21.2
806.0
2,690.1
517.9
184.8
21.9
805.3
-4.0
.7
-.4
.7
-.7
6.2
4.6
-8.4
5.6
5.2
-9.2
-2.1
-2.4
Less' Exports
Plus' Imports
Equals: Gross domestic purchases
Personal consumption expenditures
Nonresidential fixed investment
Residential investment
Change in business inventories
Government purchases
Index numbers, 1982=100 '
GNP price index (fixed weights)
GNP price index (chained weights)
GNP implicit price deflator
Gross domestic purchases price index (fixed weights)
130.2
130.2
0
126.9
129.9
126.9
129.9
0
0
2.9
2.9
3.2
2.6
2.9
2.8
3.2
2.5
1. Not at annual rates
NOTE.—For the third quarter of 1989, the following revised or additional major source data were incorporated: For personal consumption
expenditures, revised retail sales for September; for nonresidential fixed investment, revised construction put in place for September and revised
manufacturers' shipments of equipment for September; for residential investment, revised construction put in place for September; for change in
business inventories, revised manufacturing and trade inventories for September; for net exports of goods and services, revised merchandise exports
and imports for September and revised services for the quarter; for government purchases of goods and services, revised State and local government
construction put in place for September, for net interest, revised net interest from the rest of the world 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.
Table 2.—Relation of Net Exports of Goods and Services in the National Income and Product Accounts
(NIPA's) to Balance of Goods and Services in the Balance of Payments Accounts (BPA's)
[Billions of dollars]
Seasonally adjusted at
annual rates
Line
1988
1989
I
Exports of goods and services, BPA's
Less: Gold, BPA's
Capital gains net of losses in direct investment income receipts, BPA's
Statistical differences '
.
Other items
Plus° Adjustment for U S territories and Puerto Rico
Services furnished without payment by financial intermediaries except life insurance carriers
and private noninsured pension plans.
Equals: Exports of goods and services, NIPA's
2
3
4
5
6
7
529.8
5.9
8
Imports of goods and services, BPA's
.
Less* Payments of income on U S Government liabilities
Gold BPA's
Capital gains net of losses in direct investment income payments, BPA's
Statistical differences '
Other items
Plus' Gold NIPA's
. . ..
Adjustment for U S territories and Puerto Rico
Imputed interest paid to foreigners
Equals' Imports of goods and services NIPA's
9
10
11
12
13
14
15
16
17
18
Balance on goods and services, BPA's (1—9)
Less' Gold (2-11+15)
Capital gains net of losses in direct investment income, BPA's (3—12)
Statistical differences (4-13)
Other items (5-14)
Plus' Payments of income on U S Government liabilities (10)
Adjustment for U S territories and Puerto Rico(6-16)
Equals' Net exports of goods and services NIPA's (8—18)
19
20
21
22
23
24
25
26
-111.9
-.7
-1.0
0
0
29.4
7.4
-73.7
n
m
568.7
2.3
-14.0
-.3
0
17.8
7.1
583.7
3.2
-18.5
-1.6
0
18.2
7.2
547.7
605.6
626.1
628.5
641.7
29.4
4.9
.9
0
0
-1.8
9.2
7.0
621.3
676.1
32.5
3.2
-.1
-4.2
0
-2.2
10.0
7.1
659.6
700.5
34.4
3.7
2.6
-1.9
0
-2.4
10.0
7.2
676.6
694.7
33.9
3.4
1.1
'-2.2
0
-2.1
10.0
7.4
673.6
-107.5
-3.1
-13.9
3.9
0
32.5
7.8
-54.0
-116.9
-2.9
-21.1
.3
0
34.4
8.2
-50.6
-76.1
-2.7
10.9
"3.3
0
33.9
8.6
-45.1
o'
0
16.6
7.0
618.5
2.8
12.0
2
1.2
0
18.6
7.4
1. Consists of statistical revisions in the BPA's that have not yet been incorporated in the NIPA's.
2. Includes -$2.8 billion resulting from revisions in Census Bureau merchandise trade data for September, which became available too late for
incorporation in the BPA's, but in time for incorporation in the NIPA's.
3. Includes $0.3 billion resulting from revisions in Census Bureau merchandise trade data for September, which became available too late for
incorporation in the BPA's, but in time for incorporation in the NIPA's.
4. See footnotes 2 and 3.
20
December 1989
SURVEY OF CURRENT BUSINESS
Composite Indexes of Leading, Coincident and Lagging Indicators
Recent Data and Percent Changes
1989
1988
Index
Jan.
Dec.
May
Apr.
Mar.
Feb.
||
July
June
Aug.
Sept.
Oct.
NOV.P ||
1989
1988
IV
I
II
III
Index (1982=100)
Lagging index
145.1
146.0
145.6
144.7
145.8
144.2
144.0
' 144.1
144.8
r
145.0
'144.5
144.7
144.4
145.4
144.7
'144.6
131.1
131.8
132.0
132.0
132.8
132.5
132.8
132.6
133.9
- 133.5
' 132.9
133.4
130.6
131.9
132.7
' 133.3
116.8
118.1
119.3
120.1
119.3
120.3
120.5
120.0
' 120.1
'119.9
' 120.3
120.8
116.1
119.2
120.0
120.0
Percent change from preceding month (quarter)
Leading index
.7
.6
-.3
-.6
.8
'.5
'.1
' -.3
.1
.6
.7
-.5
Coincident index
.6
.5
.2
0
.6
-.2
.2
-.2
1.0
' -.3
' -.4
.4
1.3
1.0
.6
.5
La&sins index
.3
1.1
1.0
.7
-.7
.8
.2
-.4
'.1
r
'.3
.4
1.0
2.7
.7
0
-1.1
-.1
-.2
' -.1
' Preliminary.
T
Revised.
NOTE.—Quarterly data are averages of monthly figures. Quarterly percent changes are computed from quarterly data.
Long-Term Perspective: January 1970 to November 1989
1982 = 100 (Ratio scale)
- 90
80 L-
-J 80
85
Note.—Peak (P) indicates the end of business cycle expansion and the beginning of recession
(shaded area). Trough (T) indicates the end of business cycle recession and the beginning of
expansion. Business cycle peaks and troughs are designated by the National Bureau of Economic
U.S. Department of Commerce, Bureau of Economic Analysis
86
87
88
Research, Inc. The numbers entered on the chart indicate the length of leads (-)
months from the business cycle turning dates.
89
90
and lags (+) in
December 1989
SURVEY OF CURRENT BUSINESS
21
Errata
U.S. Affiliates of Foreign Companies
In the July 1989 SURVEY OF CURRENT BUSINESS, table 15 of the article "U.S. Affiliates of Foreign
Companies: 1987 Benchmark Survey Results" showed incorrect dollar totals for manufacturing for
total assets and sales in both 1986 and 1987. The percentage shares for total manufacturing are
also incorrect for both items in both years. The table below shows the correct totals. The data for
the subindustries within manufacturing are unchanged.
Table 15.—Total Assets and Sales of U.S. Affiliates and All U.S. Businesses in Manufacturing, 1986 and
1987 i
Millions of dollars
U.S. affiliates
1986
1987
All U.S. businesses
1986
1987
U.S. affiliates as a
percentage of all U.S.
businesses
1986
1987
Total assets
Manufacturing
Stone, clay, and glass products
Chemicals and allied products
Primary metal industries
Petroleum and coal products
Rubber and plastics products
•Food and kindred products 2
Electric and electronic equipment
Printing and publishing
Instruments and related products
Fabricated metal products
Paper and allied products
Machinery except electrical
Textile products
Transportation eauioment
Other
...
.
.
243,429
11,610
70,709
15,231
51,003
2,406
21,029
20,156
11,124
4,419
7,199
5,264
10,433
1,188
6,897
4,761
276,764
15,016
75,552
14,975
58,352
5,875
27,689
20,121
10,521
7,652
7,820
6,027
12,171
1,417
7,412
6,164
1,994,119
46,784
217,166
73,942
334,952
41,329
219,791
173,262
94,154
62,943
84,491
69,082
211,901
26,729
251,406
86,187
2,135,266
48,057
244,446
78,678
338,384
43,956
235,690
190,363
99,617
78,988
86,746
85,279
213,658
30,817
276,740
83,847
12.2
24.8
32.6
20.6
15.2
5.8
9.6
11.6
11.8
7.0
8.5
7.6
4.9
4.4
2.7
5.5
13.0
31.2
30.9
19.0
17.2
13.4
11.7
10.6
10.6
9.7
9.0
7.1
5.7
4.6
2.7
7.4
222,025
11,602
60,120
16,283
31,408
2,885
21,676
23,579
8,627
4,493
8,819
5,170
10,857
1,588
10,034
4,884
262,343
12,075
70,238
18,259
41,641
6,546
27,751
25,704
9,049
6,802
8,879
6,350
13,087
1,840
8,253
5,869
2,220,931
52,901
205,778
85,523
226,519
60,596
317,523
193,892
107,552
63,152
115,694
74,844
201,284
46,226
322,438
147,009
2,378,212
54,338
225,200
93,627
248,324
63,293
340,135
210,870
116,587
74,171
123,994
95,576
206,438
48,284
324,117
153,258
10.0
21.9
29.2
19.0
13.9
4.8
6.8
12.2
8.0
7.1
7.6
6.9
5.4
3.4
3.1
3.3
11.0
22.2
31.2
19.5
16.8
10.3
8.2
12.2
7.8
9.2
7.2
6.6
6.3
3.8
2.5
3.8
Sales
Manufacturing
Stone, clay, and glass products
Primary metal industries
Petroleum and coal products
Food and kindred ore-ducts 2
Electric and electronic equipment
Printing and publishing
Instruments and related products
Fabricated metal products
Paper and allied products
Machinery, except electrical
Textile products
Transportation equipment
Other
1. In this table, unlike most other tables on direct investment published here and elsewhere, petroleum and coal products is included in
manufacturing in order to be consistent with the industry classification of the all-U.S. business data.
2. Includes tobacco manufacturing.
NOTE.—Total assets and sales of all U.S. businesses cover U.S. corporations and are from the first-quarter 1987 and first-quarter 1988 issues of
Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations, published by the Census Bureau.
By HOWARD MURAD
U.S. International Transactions, Third Quarter 1989
1 HE U.S. current-account deficit decreased to $22.7 billion in the third
quarter of 1989 from $32.1 billion (revised) in the second.1 The decrease
in the deficit resulted from a shift to
a surplus on net service transactions,
1. Quarterly estimates of U.S. current- and capitalaccount components are seasonally adjusted when substantially significant seasonal patterns are present.
compared with a $12.1 billion increase,
and foreign official assets in the United
States increased $11.2 billion, in contrast to a decrease of $5.2 billion.
In the private capital accounts, U.S.
claims on foreigners reported by U.S.
banks increased $20.7 billion, in contrast to a decrease of $27.2 billion. U.S.
liabilities reported by U.S. banks, excluding U.S. Treasury securities, in-
and the shift, in turn, resulted from an
increase in receipts of income on U.S.
direct investment abroad. These income receipts were boosted by a $7.6
billion shift to capital (currency translation) gains from capital losses as the
dollar depreciated from the end of the
second quarter to the end of the third.
In the capital accounts, U.S. official
reserve assets increased $6.0 billion,
Table A.—Summary of U.S. International Transactions
[Millions of dollars, seasonally adjusted]
1988
Lines in tables 1 and 10 in which transactions are included are
indicated in ( )
Line
1 Exports of goods and services (1)
Merchandise excluding military (2)
2
Other goods and services (3)
3
1989
1988
.
in
II
I
•
IV
January-September
1989:11-111
HI"
II'
1988
1989
Change:
1988-89
529,806
319,251
210,555
127,810
76,447
51,363
126,800
78,471
48,329
131,573
80,604
50,969
143,626
83,729
59,897
142,169
87,919
54,250
145,921
91,423
54,498
154,636
91,569
63,067
8,715
146
8,569
386,183
235,522
150,661
442,726
270,911
171,815
56,543
35,389
21,154
-641,698
-446,466
-195,232
-156,492
-109,893
-46,599
-157,386
-109,882
-47,504
160537
-110,943
-49,594
-167,285
115748
-51,537
-169,033
-116,297
-52,736
-175,137
-118,977
-56,160
-173,667
-119,320
-54,347
1,470
-343
1,813
-474,415
-330,718
-143,697
-517,837
354 594
-163,243
-43,422
-23,876
-19,546
-10,377
-2,233
-1,928
-2,288
-3,928
-2,340
-1,857
-2,557
-700
-6,449
-6,754
-305
^,279
-1,131
-971
-1,088
-1,090
-1,186
-1,011
-1,099
-88
-3,190
-3,296
-106
9 U S assets abroad net (increase/capital outflow (—)) (35) ..
10
U S official reserve assets net (36)
11
U.S. Government assets, other than official reserve assets, net (41)..
U.S. private assets, net (45)
12
-82,110
-3,566
2,999
-81,543
4,540
1,503
-1,490
4,528
-16,119
39
-885
-15,273
-37,886
-7,380
1,961
-32,467
-32,648
2,272
3,413
-38,332
-31,318
-4,000
1,049
-28,367
377
-12,095
-309
12,781
^7,156
-5,996
644
-41,804
-47,533
6,099
953
-54,585
^9,465
-5,838
-414
^3,212
-78,097
-22,091
1,384
-57,390
-28,632
-16,253
1,798
-14,178
13 Foreign assets in the United States, net (increase/capital inflow (+))
(50).
14
Foreign official assets, net (51)
Other foreign assets, net (58)
15
219,299
27,027
65,334
46,179
80,759
60,007
-1,789
72,482
74,271
138,540
130,699
-7,841
38,882
180,418
24,631
2,396
5,895
59,438
-2,234
48,413
10,589
70,170
7,478
52,529
-5,201
3,412
11,246
61,236
16,447
57,824
28,292
110,247
13,522
117,177
-14,770
6,930
-10,641
479
-15,729
24,047
-19,434
1,702
33,496
-2,639
-36,135
8,797
32,559
23,762
4 Imports of goods and services (16)
Merchandise, excluding military (17) .
5
6
7 U.S. Government grants (excluding military grants of goods and
services) (32).
8 Remittances, pensions, and other transfers (33, 34)
16 Allocations of special drawing rights (64)
17 Statistical discrepancy (65)
' Revised.
Preliminary.
f
Table B.—Selected Transactions with Official Agencies
[Millions of dollars]
19 88
1988
Line
1 Changes in foreign official assets in the United States, net (decrease -)
2
3
4
(table 1, line 51).
Industrial countries '
Members of OPEC 2
Other countries
5 Changes in U.S. official reserve assets, net (increase -) (table 1, line 36)...
Activity under U.S. official reciprocal currency arrangements with foreign
monetary authorities: 3
_ . , .
,.
5
Drawings
6a
6b
" Revised.
Preliminary.
1. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
f
22
I
1989
m
II
Jamlary-Septem ber
Change:
1989:11-
IV
I
IP
III'
in
1988
1989
Change:
1988-89
38,882
24,631
5,895
-2,234
10,589
7,478
-5,201
11,246
16,447
28,292
13,522
-14,770
30,215
-3,109
11,776
20,689
-1,547
5,489
7,238
-1,776
5,393
1,585
6,282
3,776
1,188
13,501
3,343
-397
24,821
-3,782
7,253
434
4,524
1,371
7,143
-1,036
-7,219
433
-3,106
-459
1,331
11,352
1,736
-24,387
15,134
-5,517
-3,566
1,503
39
-7,380
2,272
-4,000
-12,095
-5,996
6,099
-5,838
-22,091
-16,253
129
550
-110
-50
402
450
-48
1,243
1,343
-100
-31
1,195
1,793
-598
1,226
1,233
-1,283
1693
1,343
-160
48
80
-32
-450
50
-421
17
1,913
-1,896
672
433
-450
350
1,833
-1,864
-40
1,266
2. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting countries.
3. Consists of transactions of the Federal Reserve System and the U.S. Treasury Department's Exchange
Stabilization Fund.
23
SURVEY OF CURRENT BUSINESS
December 1989
Table C.—Indexes of Foreign Currency Price of the U.S. Dollar
[December 1980=100]
1989
19 88
III
IV
1988
I
II
III
Sept.
Oct.
1989
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Trade-weighted average against 26 currencies '
1029
982
1004
1037
1027
1030
993
968
984
999
99 8
101 5
101 0
105 3
1049
101 7
1043
102 1
Trade-weighted average against 10 currencies2
107.3
102.3
105.6
1104
110.5
1077
1046
101 1
101 1
1046
1054
1067
1070
1109
113 4
1090
1105
112 1
1020
1385
1009
131 1
996
1344
998
1444
989
1470
1026
1394
1008
1350
101 9
1298
1000
1286
996
1324
994
133 9
999
1370
994
1380
997
1440
1002
151 2
994
144 3
98 3
147 2
98 9
149 4
1236
1389
949
1484
986
878
636
1174
1330
902
141 0
937
839
596
1225
1383
942
1452
978
88 8
612
1277
1436
982
150 1
1020
95 1
657
127 1
1428
978
1486
101 5
93 1
678
1239
1395
949
1492
986
885
639
1202
136 1
924
1450
959
863
61 3
1158
131 2
890
139 1
924
824
586
1162
131 7
893
1388
928
83 1
588
121 5
137 3
934
143 8
970
877
606
122 5
1384
94 1
1450
97 8
884
60 8
1234
139 i
950
1468
98 7
904
62 1
123 7
138 8
95 1
1466
98 8
92 5
629
128 7
1445
990
1507
1027
97 1
65 7
130 8
147 4
1006
152*9
1044
95 9
68 5
125 0
1408
96 1
146 6
99 8
91 4
669
1274
142 9
98 0
148 6
101 7
93 2
67 3
129 0
144 6
99 2
150 7
103 0
94 7
69 1
Selected currencies: 3
Canada
United Kingdom
European Monetary System currencies:
Belgium
..
France
...
Germany, Federal Republic of.
Italy.....;..
. .. .
Netherlands
Switzerland
Japan
.
1. Currencies of 22 OECD countries—Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland,
France, Federal Republic of Germany, Greece, Iceland, Ireland, Italy, Japan, Netherlands.New Zealand,
Norway, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom—plus Hong Kong, South Korea,
Singapore, and Taiwan. Data: U.S. Department of the Treasury. End-of-month rates for months; averages of
end-of-month rates for quarters.
2. Currencies of Belgium, Canada, France, Federal Republic of Germany, Italy, Japan, Netherlands, Sweden,
Switzerland, and United Kingdom. Data: Federal Reserve Board. Monthly and quarterly average rates. Index
rebased by BEA.
3. Data: Federal Reserve Board. Monthly and quarterly average rates. Indexes prepared by BEA.
company debt inflows was partly off- tions) was an outflow of $2.6 bilset by an equity capital inflow related lion, compared with an inflow of $33.5
to a major acquisition. In securities billion.
transactions, net foreign purchases of
U.S. Treasury securities were a record
$13.0 billion, compared with $2.3
U.S. dollar in exchange markets
billion.
The statistical discrepancy (errors
The dollar was unchanged on a
and omissions in recorded transactrade-weighted quarterly average basis against the currencies of 10 indusCHART 1 trial countries, and it depreciated 1
percent against the currencies of 22
Indexes of Foreign Currency Price of the U.S. Dollar
OECD countries and 4 newly industri(December 1980 = 100)
alized countries in the Far East (ta140
ble C, chart 1). However, there was
TRADE-WEIGHTED AVERAGES
substantial volatility during the quarter (see below), and, on an end-ofquarter to end-of-quarter basis, the
dollar depreciated 3 percent against
130
the 26 countries mentioned above.
Rapidly narrowing interest rate differentials and anticipation of still
lower U.S. interest rates led to a sharp
depreciation of the dollar in July and
early August, mostly against Western
120
European currencies. Subsequently,
until mid-September, the dollar rebounded on favorable U.S. economic
and trade news and on market senti26 Currencies'
ment
that U.S. interest rate declines
110
would not continue. In late September, following continued intervention
to restrain the rise in the dollar and
a Group of Seven (G-7) statement that
the rise was unwarranted, the dollar
100
depreciated sharply.
For the quarter, the dollar appreciated 3 percent against the Japanese
yen and 2 percent against the British
pound; it was unchanged against the
M I I I M I I
German mark. The dollar depreciated
90
1986
1987
1988
1989
1 percent against the Canadian dollar.
1 Currencies of 22 OECD countries—Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France, Federal Republic of Germany,
Greece, Iceland, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom-plus
The
Canadian dollar reached its highHong Kong, South Korea, Singapore, and Taiwan.
est level in 8 years in August, partly reData: U.S. Department of the Treasury. End-of-month rates.
2. Currencies of Belgium, Canada, France, Federal Republic of Germany, Italy, Japan, Netherlands, Sweden, Switzerland, and United Kingdom.
flecting higher interest rates in Canada
Data: Federal Reserve Board. Monthly average rates. Index rebased by BEA.
than in the United States.
U.S. Department of Commerce, Bureau of Economic Analysis
8!
creased $25.7 billion, in contrast to
a decrease of $21.4 billion. Most of
the increases in claims and liabilities
were related to end-of-quarter transactions with Caribbean banking centers and Japan. Net inflows for foreign direct investment in the United
States were $11.4 billion, compared
with $13.3 billion. A decrease in inter-
24
SURVEY OF CURRENT BUSINESS
Against the currencies of the newly
industrialized countries in the Far
East, the dollar appreciated 2 percent against the Taiwan dollar, was
unchanged against the South Korean
won, and depreciated less than 1 percent against the Hong Kong dollar and
the Singapore dollar.
Merchandise trade
The merchandise trade deficit increased to $27.8 billion in the third
quarter from $27.6 billion in the second. Both exports and imports were at
record levels for the fifth consecutive
quarter.
Exports.—Exports increased $0.2 billion, or less than 1 percent, to $91.6
billion; volume increased 2 percent.
Nonagricultural exports remained relatively strong; agricultural exports
decreased.
Nonagricultural exports increased
$1.2 billion, or 2 percent, to $81.8
billion; volume increased 3 percent.
The increase was more than accounted
for by capital goods, which increased
$2.6 billion. Nonagricultural industrial supplies and materials decreased,
as did automotive products to Canada.
Since the first quarter of 1987, the
strongest growth in nonagricultural exports has been in consumer goods, although growth has slowed in the last
three quarters (chart 2). Growth in
capital goods has been consistently
strong, largely reflecting sharp increases in completed civilian aircraft
as foreign airlines have replaced agMBHMBiBBlBBHI
CHART 2
Nonagricultural Exports by Commodity
Indexes: 1987: 1 = 100
200
December 1989
Table D.—Selected Direct Investment Transactions with Netherlands Antilles Finance Affiliates
[Millions of dollars]
1988
I
Capital
,
Equity capital
Reinvested earnings
Intercompany debt
-2,992
1,342
-535
-3,799
-2,728
2,524
-212
-5,040
-1295
Income
Of which interest
-2,205
-3,334
-2,120
-2,870
-551
-736
-171
-1,126
ing fleets or expanded. Geographically, growth has been widespread
(chart 3). Exports to the newly industrialized countries in the Far East
have increased 117 percent; to Japan,
115 percent; to Mexico, 83 percent;
to Western Europe, 59 percent; and
to Canada, 26 percent. The slower
growth in exports to Canada reflected
both the recent slowdown in economic
activity there and reduced shipments
of auto parts to U.S. assembly plants
in Canada in response to lower auto
sales in the United States. (Automotive products account for one-fourth to
one-third of U.S. nonagricultural exports to Canada.)
Agricultural exports decreased $1.1
billion, or 10 percent, to $9.8 billion; volume decreased 8 percent. The
largest decreases were in corn, $0.5 billion, mostly to the Soviet Union, and
soybeans, $0.4 billion, mostly to Western Europe and Japan. However, for
CHART 3
Nonagricultural Exports by Area
Indexes: 1987: 1 = 100
220
Hong Kong, South Korea,
Singapore, Taiwan
200
180
Industrial
Supplies
and Materials
160
160
Japan
/
140
120
/"
f/
140
Capital
Goods
.*/
Western
*+*\ Europe
120
Automotive Products
Canada
100
80
100
I
I I
1987
I
i I
J
1988
U.S. Department of Commerce, Bureau of Economic Analysis
f
I
i i
80
1989 1987
39-12-2
-1,451
120
102
-1,673
-460
-695
1989
III
-78
8
-65
-21
-578
-691
IV
I
II'
ffl>
96
2,394
-78
-2,220
-782
41
-153
-671
-1765
50
-51
-1,765
-1392
123
-161
-1,354
-531
-748
-403
-575
-471
-601
-370
554
'r Preliminary.
Revised.
NOTE.—Table shows only transactions with affiliates established primarily to borrow funds abroad and relend them to their U.S. parents.
Consumer Goods
180
II
I
I
I
I
I
I
I
1988 1989
U.S. Department of Commerce, Bureau of Economic Analysis
39-12-3
the January-September period, agricultural exports were 10 percent above
the full year 1988.
Three-fourths
of the increase was to the Soviet
Union. Exports to Western Europe, especially soybeans, decreased substantially. This decrease resulted from
policies aimed at encouraging the substitution of locally grown, alternative
oilseeds for soybeans previously imported largely from the United States.
Reflecting recovery from the droughtinduced conditions of last year, the average prices of all major crops but cotton decreased throughout 1989; cotton
prices rose strongly.
Imports.—Imports increased $0.3
billion, or less than 1 percent, to
$119.3 billion.
Nonpetroleum imports increased and petroleum imports
decreased.
Nonpetroleum imports increased
$0.5 billion, or less than 1 percent, to
$106.0 billion; volume increased 2 percent. The increase was more than accounted for by consumer goods, mostly
textile apparel and household goods
from China and the newly industrialized countries in the Far East. Industrial supplies and materials decreased
as a result of a drop in nonferrous
metals.
Nonpetroleum import growth has
been stable in recent quarters, as increases in capital goods and consumer
goods have offset decreases in automotive products and industrial supplies
and materials (chart 4). The recent increases in both capital goods and consumer goods partly reflect the continued expansion in U.S. economic activity, especially in expenditures for
producers' durable equipment and personal consumption expenditures. The
decrease in automotive products reflects reductions both from Canada and
other countries. Not only have U.S.
auto sales been stagnant, but U.S.
auto plants of foreign producers have
increasingly substituted domestic production for imports of passenger cars.
By geographic area, import growth has
25
SURVEY OF CURRENT BUSINESS
December 1989
Table E.—U.S. Merchandise Trade, Current and Constant (1982) Dollars
[Balance of payments basis, millions of dollars, quarters seasonally adjusted]
Current dollars
1987
Constant (1982) dollars
1989
1988
1988
m
rv
I
II'
1987
1988
IE'
1988
in
1989
IV
Exports
Agricultural products
Nonagricultural products
250,266
29,547
220,719
319,251
38,142
281,109
80,604
9,927
70,677
83,729
9,789
73,940
87,919
10,763
77,156
91,423
10,861
80,562
91,569
9,768
81,801
279,986
34,920
245,066
340,609
37,649
302,960
84,675
9,049
75,626
88,027
9,056
78,971
Imports
Petroleum and products
Nonpetroleum products
409,766
42,944
366,822
446,466
39,309
407,157
110,943
9,775
101,168
115,748
9,218
106,530
116,297
10,850
105,447
118,977
13,430
105,547
119320
13,294
106,026
437,746
78,223
359,523
464,999
86,238
378,761
116,079
21,626
94,453
119,738
22,593
97,145
IP
III'
91,565
10,031
81,534
95,370
10,189
85,181
96,897
9,392
87,505
118,587
21,964
96,623
121,287
22,879
98,408
125,581
24,849
100,732
I
' Revised.
Preliminary.
p
been strongest from Mexico and the
newly industrialized countries in the
Far East (chart 5).
Petroleum imports decreased $0.1
billion, or 1 percent, to $13.3 billion. The decrease was more than
accounted for by lower prices. The
average price per barrel decreased to
$16.85 from $18.46. The average number of barrels imported daily increased
to 8.65 million—the highest level since
the third quarter of 1977—from 7.97
million. For the January-September
period, the volume of petroleum imports was 8 percent above the full year
1988—the highest level since 1979. As
the world price dropped, imports have
increased both due to higher demand
and a decrease in domestic production
of 5 percent.
Balances by area.—The merchandise
trade deficit with the developed countries decreased to $11.7 billion in the
third quarter from $14.0 billion in the
second, mostly from a drop in imports.
Since the peak deficit of $20.4 bil-
lion in the fourth quarter of 1988, imports have been stable while exports
have grown at a slowing rate. The
deficit with the OPEC countries increased slightly to $5.1 billion in the
third quarter of 1989 and is up substantially from the fourth quarter of
1988 as a result of both higher prices
and a higher volume of petroleum imports. The deficit with other developing countries increased to $10.9 billion
in the third quarter from $8.6 billion in
the second and from $9.9 billion in the
fourth quarter of 1988; export growth
has only partly offset import growth.
Service transactions
Transactions in the service accounts
shifted to a surplus of $8.7 billion in
the third quarter from a deficit of $1.7
billion in the second. Receipts increased to $63.1 billion from $54.5 bilCHART 5
Nonpetroleum Imports by Area
•BBHBBBBHnBBBBBBi
CHART 4
Nonpetroleum Imports by Commodity
Indexes: 1987: 1 = 100
160 i
Indexes: 1987: 1 = 100
150
Hong Kong, South Korea,
Singapore, Taiwan
140 —
130 -
120
1987
1988
1989
U.S. Department of Commerce, Bureau of Economic Analysis
1987
1988
1989
U.S. Department of Commerce, Bureau of Economic Analysis
89.12.5
lion. The increase was in direct investment income; portfolio income decreased. Payments decreased to $54.4
billion from $56.2 billion; most of the
decrease was in portfolio income.
Direct investment income.—Receipts
of income on U.S. direct investment
abroad increased to $15.7 billion from
$7.7 billion. The increase was mostly
accounted for by a shift to capital (currency translation) gains from capital
losses, reflecting the decline in the
value of the dollar on an end-of-quarter
to end-of-quarter basis. Affiliates in
Western Europe, Japan, and Australia
accounted for much of the shift. Operating earnings rose $0.4 billion to $12.9
billion.
Payments of income on foreign direct investment in the United States
decreased to $4.2 billion from $4.7 billion. The decrease was due to a drop in
capital gains, which had boosted payments in the second quarter. Operating earnings decreased slightly to $2.1
billion.
Portfolio income.—Receipts of income on other private investment
abroad decreased to $16.4 billion from
$17.8 billion. The decrease was mostly
due to the lagged impact of lower interest rates. U.S. Government receipts
increased $0.6 billion to $1.7 billion,
due to rescheduling of interest on U.S.
Government credits and a rise in interest earned on holdings of foreign
currencies.
Payments of income on other private
investment in the United States decreased to $18.5 billion from $19.5 billion, also mostly due to lower interest rates. U.S. Government payments
were nearly unchanged at $8.5 billion.
Other services.—Travel receipts increased $0.3 billion to $8.5 billion.
Receipts from overseas, Canada, and
Mexico all increased. Travel payments
increased $0.1 billion to $8.5 billion.
Passenger fare receipts increased $0.1
billion to $2.4 billion, and passenger
26
fare payments increased $0.2 billion to
$2.2 billion.
Other transportation receipts were
unchanged at $5.2 billion. A decrease
in ocean freight receipts due to a drop
in tonnage was offset by an increase
in air freight receipts. At $5.2 billion,
other transportation payments were
also unchanged.
Receipts from foreigners for other
private services were $7.4 billion,
compared with $7.1 billion; a rise
in receipts for educational services accounted for part of the increase.Payments for other private services were $2.7 billion, compared with
$3.3 billion. Most of the decrease was
in net payments for reinsurance, that
is, premium payments less losses recovered. Losses recovered were unusually large in the third quarter because of extensive damage from Hurricane Hugo. (See "Business Situation"
in the November issue of the SURVEY OF
CURRENT BUSINESS for additional details
on insurance losses resulting from the
hurricane.)
Transfers under U.S. military agency
sales contracts increased $0.6 billion to
$2.6 billion as a result of a bunching of
aircraft deliveries to Western Europe
and Australia. U.S. direct defense expenditures abroad increased $0.1 billion to $3.6 billion.
Unilateral transfers
Net unilateral transfers were $3.7
billion, compared with $2.9 billion.
U.S. Government grants accounted for
much of the increase.
U.S. assets abroad
U.S. assets abroad increased $47.2
billion in the third quarter, in contrast
to a decrease of $0.4 billion in the second. A large swing in bank claims accounted for much of the shift.
U.S. official reserve assets.—U.S. official reserve assets increased $6.0 billion, compared with an increase of
$12.1 billion. Exchange market intervention purchases of German marks
and Japanese yen, mostly in September, contributed to an increase in foreign currency holdings. Also, U.S.
holdings of Mexican pesos increased
as part of a short-term credit arrangement with Mexico.
Claims reported by banks.—U.S.
claims on foreigners reported by U.S.
banks increased $20.7 billion, in contrast to a decrease of $27.2 billion.
Banks' own claims payable in dollars
SURVEY OF CURRENT BUSINESS
December 1989
chases of outstanding stocks, mainly
British stocks, decreased.
Net U.S. purchases of foreign bonds
were $2.1 billion, compared with $1.7
billion. New issues of foreign bonds
in the United States were $1.6 billion,
compared with $1.5 billion. New issues
have been flat since the fourth quarter
of 1988 even though U.S. long-term interest rates have dropped significantly
relative to those in many key countries.
Net purchases of outstanding foreign bonds were $1.5 billion, compared
with $1.2 billion. Higher interest rates
in the United Kingdom and Canada
than in the United States contributed
to $2.8 billion in purchases of British
bonds and $0.8 billion in purchases of
Canadian bonds. In contrast, lower interest rates than in the United States
in some other countries, particularly
in Japan, resulted in net sales of outstanding bonds (chart 6). Japan accounted for $1.6 billion of the total $2.1
billion in net sales. Redemptions of
outstanding bonds were unchanged at
$1.1 billion.
Direct investment.—Net outflows for
U.S. direct investment abroad were
$11.0 billion, compared with $5.8 billion. The increase was more than accounted for by an $8.3 billion rise in
reinvested earnings that reflected the
previously mentioned shift of $7.6 billion to capital (currency translation)
gains from capital losses. The shift reflected depreciation of the dollar from
the end of the second quarter to the
end of the third. Equity capital shifted
••••••••••• CHART 6 to a net outflow of $0.5 billion from
Long-Term Interest Rate Differentials an inflow of $0.3 billion. The shift
to net outflows to the United King(Differential: Plus (+) Indicates Favor Between the
United States and Selected Foreign Countries of Dollar Assets)
dom resulted from purchases of snack
Percent
food affiliates and realty holdings that
more than offset the sale of a North
Japan
Sea petroleum property by a U.S. producer. The shift to net inflows from
Japan resulted from the sale of an equity holding by a U.S. auto company in
a Japanese auto company. Intercompany debt outflows were $1.1 billion,
compared with $5.0 billion. Most of the
decrease was to the United Kingdom
and Japan.
increased $8.3 billion, following a decrease of $13.9 billion. Four-fifths of
the increase was in claims on banks
in Japan. Much of the increase was
on own foreign offices at the end of
September and was reversed in October. Claims on banks in the Caribbean,
Australia, and Asian countries other
than Japan also increased.
Banks' own claims payable in foreign
currencies, mostly on Japan, increased
$7.9 billion, also at the end of the
quarter. These, too, were reversed in
October.
Banks' domestic customers' claims
increased $4.5 billion, in contrast to
a decrease of $3.3 billion. Most of
the increase was in dollar deposits by
U.S. money market mutual funds at
non-U.S. banks in the Caribbean and
United Kingdom. Customers' claims
also included transactions in which
U.S. banks acted as trustees for foreign
governments that raised dollar funds
in U.S. capital markets to prepay existing U.S. Foreign Military Sales credits
that carried high interest rates.
Foreign securities.—Net U.S. purchases of foreign securities were $10.1
billion, compared with $5.7 billion. Net
U.S. purchases of foreign stocks nearly
doubled to $8.1 billion. Over one-half
of the third-quarter purchases was due
to the issuance of foreign stocks in the
United States in exchange for stocks in
a British company that acquired a direct investment position in a U.S. pharmaceutical company. Net U.S. pur-
Foreign assets in the United States
United Kingdom
Canada
-2
I I I I I
I I I I I
I I I I I
1988
I I
1989
Source: OECD
U.S. Department of Commerce, Bureau of Economic Analysis
89-12-6
Foreign assets in the United States
increased $72.5 billion in the third
quarter, in contrast to a decrease of
$1.8 billion in the second.
Large
swings in bank liabilities and in foreign official assets in the United States
accounted for much of the shift. Inflows for foreign direct investment in
the United States remained strong.
December 1989
Foreign official assets.—Foreign official assets in the United States increased $11.2 billion, compared with a
decrease of $5.2 billion (table B). Assets of industrial countries increased
$6.3 billion, compared with a decrease
of $7.2 billion. Increases in August
were partly offset by intervention sales
of dollars in September. Assets of
OPEC members increased $3.8 billion, compared with a $0.4 billion increase. Assets of other countries increased $1.2 billion, compared with a
$1.6 billion increase.
Liabilities reported by banks.—U.S.
liabilities reported by U.S. banks, excluding U.S. Treasury securities, increased $25.7 billion, in contrast to a
decrease of $21.4 billion.Banks' own liabilities payable in dollars increased
$19.2 billion, in contrast to a decrease
of $17.2 billion. Four-fifths of the increase was in U.S.-owned banks' liabilities to their own foreign offices; a
large part of these transactions was associated with end-of-quarter flows that
were reversed in October. Foreignowned banks drew partly on overseas
funds to finance a limited increase in
their domestic (U.S.) loans. In addition, they also had end-of-quarter flows
that were reversed in October.
Banks' liabilities payable in foreign
currencies increased $4.1 billion, in
contrast to a decrease of $7.8 billion.
Most of the increase was in liabilities to Japan and Caribbean banking
centers.
U.S. Treasury securities.—Net foreign purchases of U.S. Treasury securities were a record $13.0 billion, compared with $2.3 billion. Purchases
of marketable bonds and notes were
$11.8 billion, compared with $3.2 billion. Most of the increase was in purchases by the United Kingdom.
Other U.S. securities.—Net foreign
purchases of U.S. securities other than
U.S. Treasury securities were $11.1
billion, compared with $9.7 billion.
Foreigners purchased $4.8 billion in
U.S. stocks, compared with $3.5 billion. Foreign purchases were bolstered
by a significant advance in U.S. stock
prices, particularly in July and August. For the quarter, U.S. stock prices
rose 7 percent despite a sharp drop
in September. British net purchases
were $2.1 billion, compared with $1.1
billion; they accounted for most of the
step-up. Japanese net purchases remained strong at $1.6 billion, compared with $1.9 billion, partly reflect-
,27
SURVEY OF CURRENT BUSINESS
Table F.—United States-Canadian Balance on Current Account
[Billions of U.S. dollars]
1987
U.S. receipts/Canadian payments:
Goods and services 2
Merchandise exports
Inland freight
Investment income2
Other services
Unilateral transfers
Total 2
U.S. payments/Canadian receipts:
Goods and services 2
Merchandise imports
Inland freight
Investment income 2
Other services
Unilateral transfers
.
.
Total 2
U.S. current-account balance (U.S. surplus/Canadian deficit +)
1988
Published data!
Reconciled data
Published data »
Reconciled data
U.S.
U.S.
U.S.
U.S.
Canada
Canada
Canada
Canada
80.2
62.0
(3)
9.3
9.0
(4)
79.7
59.6
1.8
8.5
9.8
.5
80.8
59.8
1.7
10.1
9.2
.3
80.7
59.8
1.7
10.0
9.2
.3
96.0
73.5
0
12.5
9.9
(4)
97.4
71.5
1.8
12.6
11.5
.5
97.9
71.6
2.0
13.8
10.4
.4
97.8
71.6
2.0
13.8
10.4
.4
80.2
80.2
81.2
81.1
96.0
97.9
98.3
98.2
82.6
73.6
(3)
3.6
5.3
.3
83.2
72.8
1.8
2.0
6.6
1.4
83.3
72.7
1.8
3.7
5.2
.6
83.4
72.7
1.8
3.7
5.2
.6
95.9
84.4
(3)
5.1
6.4
.3
95.7
82.6
2.1
3.4
7.6
1.8
96.0
82.7
2.1
5.3
5.9
.7
95.6
82.7
2.1
4.8
5.9
.7
82.8
84.6
83.9
84.0
96.2
97.5
96.7
96.3
-2.6
-4.4
-2.8
-2.9
-0.3
.5
1.6
1.9
1. U.S. data as published in the June 1989 SURVEY OF CURRENT BUSINESS; Canadian data as published in Quarterly Estimates of the
Canadian Balance of International Payments, Second Quarter 1989.
2. Excludes reinvested earnings of incorporated affiliates.
3. Inland freight included in merchandise trade accounts in U.S. published data.
4. U.S. published data are net payments.
ing the continued internationalization
of Japanese investment portfolios.
New bond issues abroad by U.S. corporations were $3.9 billion, compared
with $5.6 billion. Issues denominated
in dollars more than accounted for
the decline; for the first time, they
were exceeded by issues denominated
in foreign currencies.Net purchases of
agency and other outstanding bonds
were $2.4 billion, compared with $0.6
billion.
Direct investment.—Net inflows for
foreign direct investment in the United
States were $11.4 billion, compared
with $13.3 billion. The decrease was
more than accounted for by a drop
in intercompany debt inflows. Equity capital inflows increased and reinvested earnings decreased slightly.
Intercompany debt inflows were $0.8
billion, compared with $3.6 billion.
The decrease reflected a step-up in
lending (outflows) by U.S. finance companies of foreign banks to their parents
or to other foreign affiliates and wholesale trade affiliates by prepayments
(outflows) for merchandise purchased
from their foreign parents. Partly
offsetting these outflows were inflows
consisting of loans from abroad for the
acquisition of U.S. businesses. The
largest inflow was for the acquisition
of a major U.S. tire manufacturer by
a company in Western Europe. Reinvested earnings decreased $0.1 billion,
to $1.7 billion, as a result of a drop in
capital gains.
Equity capital inflows were $9.0 billion, compared with $7.8 billion. Over
one-half of the third-quarter inflows
was the result of the previously mentioned acquisition of a U.S. pharmaceutical company by a British company.
Reconciliation of United States-Canadian
current-account statistics
Reconciliation of the 1988 bilateral
current-account statistics of the United
States and Canada and revisions of
the 1987 current-account reconciliation were completed in November 1989
(table P). United States and Canadian statistics were fully reconciled for
1987. Full reconciliation of the statistics for 1988 was not possible; differences in investment income transactions could not be satisfactorily resolved, partly because some estimates
are still on a preliminary basis.
Revisions in the U.S. international
transactions estimates based on the
reconciliation will be incorporated in
the published estimates in June 1990
as far as possible. Full substitution of
the reconciled estimates for the previously published estimates is not possible because of methodological and statistical differences and differences in
presentation. Also, transactions with
other areas would be affected.
Current-account reconciliations for
the years 1970-86 appear in the
June 1975, September 1976, September 1977, December 1979, June 1981,
and December 1981-88 issues of the
SURVEY OF CURRENT BUSINESS.
28
SURVEY OF CURRENT BUSINESS
December 1989
Table 1.—U.S. International Transactions
[Millions of dollars]
Not seasonally adjusted
1988
(Credits +; debits -) •
Line
1988
n
1 Exports of goods and services
2
2
Merchandise adjusted excluding military 3
3
4
Services 4
Transfers under U.S. military agency sales contracts
Travel
.
.
Passenger fares
Other transportation
5
6
7
8
9
10
56
Royalties and license fees
Other private services6
,
U.S. Government miscellaneous services
11
12
13
14
Receipts of income on U S assets abroad
Direct investment
Other private receipts
U S Government receipts
. . . . .
15 Transfers of goods and services under U.S. military grant
programs, net.
Seasonally adjusted
1989
III
I
IV
1988
U'
II
III*
1989
IV
III
IIP
IP
I
529,806
129,075
129,305
143,978
141,081
148,512
152,058
126,800
131,573
143,626
142,169
145,921
154,636
319,251
80,461
77,547
84,232
87,977
93,770
87,987
78,471
80,604
83,729
87,919
91,423
91,569
210,555
10,050
48,614
2,604
51,758
2,645
59,746
2,136
53,104
2,135
54,742
2,017
64,071
2,627
48,329
2,604
50,969
2,645
59,897
2,136
54,250
2,135
54,498
2,017
63,067
2,627
29,202
8,860
18,930
7,031
2,180
4,769
9,118
2,858
4,800
7,302
2,051
4,757
7,032
2,130
4,981
8,294
2,414
5,176
10,185
2,952
5,328
6,968
2,085
4,769
7,626
2,321
4,710
8,090
2,339
4,776
7,905
2,535
5,052
8,217
2,312
5,176
8,502
2,394
5,228
10,735
24,331
672
2,548
5,514
179
2,556
6,008
189
3,254
6,227
181
2,705
7,426
155
2,846
6,550
149
2,847
7,303
144
2,610
5,973
172
2,697
6,078
172
2,911
6,306
180
2,855
6,766
172
2,906
7,057
169
2,993
7,388
127
107,775
48,264
52,840
6,672
23,790
10,203
12,382
1,205
23,585
8,649
13,613
1,323
33,839
17,297
15,121
1,421
26,541
8,923
16,489
1,129
27,296
8,491
17,805
1,000
32,685
14,433
16,387
1,865
23,148
9,439
12,382
1,327
24,720
9,940
13,613
1,167
33,159
16,589
15,121
1,449
26,830
9,137
16,489
1,204
26,644
7,707
17,805
1,132
33,808
15,722
16,387
1,699
92
4
7
40
12
13
15
4
7
40
12
13
15
-641,698 -160,164 -162,910 -166,951 -163,594 -177,750 -176,168
-157,386 -160,537 -167485 -169,033 -175,137 -173,667
17
Merchandise adjusted excluding military 3
-446,466 -111,473 -110,252 -117,277 -113,350 -120,370 -118,712
-109,882 -110,943 -115,748 -116,297 -118,977 -119,320
18
19
Services 4
Direct defense expenditures
-195,232
-14,656
-48,691
-3,637
-52,658
-3,651
-49,674
-3,740
-50,244
-3,633
-57,380
-3,535
-57,456
-3,595
-47,504
-3,637
-49,594
-3,651
-51,537
-3,740
-52,736
-3,633
-56,160
-3,535
-54,347
-3,595
16 Imports of goods and services
20
21
22
Travel
Other transportation
-32,112
-7,872
-19,641
-8,679
-2,062
-5,005
-10,598
-2,347
^,923
-6,654
-1,761
-4,830
-6,499
-1,855
-4,936
-9,493
-2,180
-5,181
-11,043
-2,705
-5,290
-7,643
-1,903
-4,995
-8,084
-1,902
^,826
-8,293
-2,031
-4,787
-8,448
-2,232
-5,109
-8,418
-2,026
-5,170
-8,547
-2,203
-5,181
23
24
25
Royalties and license fees s 6
Other private services *
U S Government miscellaneous services
-2,048
-11,400
-1,955
-539
-2,699
-457
-550
-2,749
-530
-485
-3,034
-500
-450
-3,146
-480
-495
-3,230
-501
-427
-2,697
-503
-539
-2,718
-456
-550
-2,780
-491
-485
-3,000
-531
-450
-3,129
-489
-495
-3,251
-500
-427
-2,731
-466
26
27
28
29
Payments of income on foreign assets in the United States
Direct investment
Other private payments
U S Government payments
-105,548
-16,748
-59,746
-29,054
-25,613
-4,512
-14,001
-7,100
-27,310
-4,373
-15,396
-7,541
-28,670
-4,056
-16,840
-7,774
-29,246
-3,171
-17,943
-8,132
-32,765
-4,654
-19,521
-8,590
-31,197
-4,227
-18,485
-8,485
-25,613
-4,512
-14,001
-7,100
-27,310
-4,373
-15,396
-7,541
-28,670
-4,056
-16,840
7,774
-29,246
-3,171
-17,943
-8,132
-32,765
-4,654
-19,521
-8,590
-31,197
-4,227
-18,485
-8,485
30 U.S. military grants of goods and services, net
31 Unilateral transfers (excluding military grants of goods and
services), net.
U.S. Government grants (excluding military grants of goods and
services).
U S Government pensions and other transfers
Private remittances and other transfers
32
33
34
35 U.S. assets abroad, net (increase/capital outflow (-))
36
37
38
39
40
U S official reserve assets net 7
Gold
.
Special drawing
rights
Reserve position in the International Monetary Fund
Foreign currencies
41
42
43
44
U.S. Government assets, other than official reserve assets, net
U S credits and other long-term assets
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net
45
46
47
48
U S private assets, net
Direct investment
,
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns.
U.S. claims reported by U.S. banks, not included elsewhere
-92
-4
-7
-40
-12
-13
-15
-4
-7
-40
-12
-13
-15
-14,656
-2,786
-3,322
-5,218
-3,481
-2,650
-3,608
-2,899
-3,376
-5,018
-3,526
-2,868
-3,656
-10,377
-1,928
-2,288
-3,928
-2,340
-1,857
-2,557
-1,928
-2,288
-3,928
-2,340
-1,857
-2,557
-2,491
-1,788
-589
-269
-537
-497
-871
^20
-507
-635
-487
-306
-571
^80
-622
-349
-626
-462
-623
-467
-643
-543
-624
-387
-656
-443
-82,110
-19,443
-37,855
-28,703
-31,588
-2,129
-47,239
-16,119
-37,886
-32,648
-31,318
377
-47,156
-3,566
39
-7,380
2,272
^,000
-12,095
-5,996
39
-7,380
2,272
-4,000
-12,095
-5,996
474
1,025
-5,064
180
69
-210
-35
202
-7,547
173
307
1,791
-188
316
-4,128
68
-159
-12,004
-211
337
-6,122
180
69
-210
-35
202
-7,547
173
307
1,791
-188
316
^,128
68
-159
-12,004
-211
337
-6,122
2,999
-7,579
10,313
265
-829
-2,017
1,166
22
2,001
-1,458
3,402
57
3,499
-1,296
4,714
81
869
-1,000
1,865
4
-254
-1,159
853
52
684
-2,161
2,829
16
-885
-2,017
1,110
22
1,961
-1,458
3,362
57
3,413
-1,296
4,628
81
1,049
-1,000
2,045
4
-309
-1,159
798
52
644
-2,161
2,789
16
-81,543
-17,533
-7,846
-1,684
-18,653
-941
1,333
-6,443
-32,477
-4,912
-1,592
255
-34,474
-5,080
-3,047
4,569
-28,457
-5,592
-2,568
1,835
10,219
-8,328
-5,737
-2,954
-41,927
-11,087
-10,138
n.a.
-15,273
2,439
1,333
-6,443
-32,467
-4,901
-1,592
255
-38,332
-8,938
-3,047
4,569
-28,367
-5,502
-2,568
1,835
12,781
-5,766
-5,737
-2,954
-41,804
-10,964
-10,138
n.a.
-54,481
-12,602
-26,229
-30,916
-22,132
27,238
-20,702
-12,602
-26,229
-30,916
-22,132
27,238
-20,702
50 Foreign assets in the United States, net (increase/capital inflow (+))...
219,299
65,334
46,179
80,759
60,007
-1,789
72,482
65,334
46,179
80,759
60,007
-1,789
72,482
51
52
53
54
55
56
57
Foreign official assets in the United States net
U S Government securities
U S Treasury
securities '
Other 10
Other U S Government liabilities n
U.S. liabilities reported by U.S. banks, not included elsewhere
Other foreign official assets 12
38,882
42,992
41,683
1,309
-1,284
-331
-2,495
5,895
6,055
5,853
202
-517
774
-417
-2,234
-3,197
-3,769
572
-232
1,703
-508
10,589
12,594
11,897
697
-232
-1,036
-737
7,478
5,355
4,634
721
-304
1,974
452
-5,201
-9,835
-9,738
-97
417
3,620
597
11,246
12,258
12,068
190
-547
-1,117
652
5,895
6,055
5,853
202
-517
774
-417
-2,234
-3,197
-3,769
572
-232
1,703
-508
10,589
12,594
11,897
697
-232
-1,036
-737
7,478
5,355
4,634
721
-304
1,974
452
-5,201
-9,835
-9,738
-97
417
3,620
597
11,246
12,258
12,068
190
-547
-1,117
652
58
59
60
61
62
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
180,418
58,436
20,144
26,448
6,558
59,438
13,885
5,458
9,699
-59
48,413
11,896
3,422
7,454
2,350
70,170
23,038
5,336
6,871
2,702
52,529
19,161
8,590
8,665
2,852
3,412
13,267
2,252
9,676
-361
61,236
11,432
13,034
11,082
n.a.
59,438
13,885
5,458
9,699
-59
48,413
11,896
3,422
7,454
2,350
70,170
23,038
5,336
6,871
2,702
52,529
19,161
8,590
8,665
2,852
3,412
13,267
2,252
9,676
-361
61,236
11,432
13,034
11,082
n.a.
68,832
30,455
23,291
32,223
13,261
-21,422
25,688
30,455
23,291
32,223
13,261
-21,422
25,688
-10,641
-12,015
28,603
-23,865
-2,425
35,807
2,476
-15,729
-3,714
24,047
-4,556
-19,434
4,431
1,702
4,127
33,496
-2,311
-2,639
-5,115
-127,215
15,323
-111,892
-116,171
-126,548
-31,012
-77
-31,089
-31,947
-33,875
-32,705
-900
-33,605
-34,638
-36,926
-33,045
10,072
-22,973
-24,263
-28,191
-25,373
2,860
-22,513
-23,654
-25,994
26600
-2,638
-29,238
-30,032
-31,888
-30,725
6,615
-24,110
-25,161
-27,718
-31,411
825
-30,586
-31,557
-33,485
-30,339
1,375
-28,964
-30,052
-32,340
-32,019
8,360
-23,659
-24,749
-28,677
-28,378
1,514
-26,864
-28,050
-30,390
-27,554
-1,662
-29,216
-30,227
-32,084
-27,751
8,720
-19,031
-20,130
-22,687
-3,566
40,166
39
6,412
-7,380
-2,002
2,272
10,821
^,000
7,781
-12,095
-5,618
-5,996
11,793
39
6,412
-7,380
-2,002
2,272
10,821
-4,000
7,781
-12,095
-5,618
-5,996
11,793
49
63
,
64 Allocations of special drawing rights
65 Statistical discrepancy (sum of above items with sign reversed)
Of which seasonal adjustment discrepancy
65a
66
67
68
69
70
71
72
Memoranda:
Balance on merchandise trade (lines 2 and 17)
Balance on services (lines 3 and 18)
Balance on goods and services (lines 66 and 67) 13
Balance on goods, services, and remittances (lines 68, 33, and 34)
Balance on current account (lines 68 and 31) 13
Transactions in U.S. official reserve assets and in foreign official
assets in the United States:
Increase (—) in U.S. official reserve assets, net (line 36)
Increase (+) in foreign official assets in the United States (line 51
less line 55).
See footnotes on page 46.
29
SURVEY OF CURRENT BUSINESS
December 1989
Table 2.—U.S. Merchandise Trade
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
1988
1988
Line
III
II
I
1988
1989
I
IV
II'
Ele
1989
IV
III
II
I
II'
I
III"
A Balance of payments adjustments to Census trade data:
EXPORTS
81,091
78,438
88,529
322,471
77,713
2
245
58
54
58
75
58
3
592
14
296
126
156
133
1 Merchandise exports, Census basis ' including reexports and
including military grant shipments.
85,229
79,127
81,478
84,721
88,473
92,141
92,452
88,889
77,145
54
58
58
54
58
75
58
54
58
71
123
14
296
126
156
133
71
123
94,458
Adjustments:
4
5
6
7
Inland U S freight to Canada
«
U.S. -Canadian reconciliation adjustments, n.e.c., net 2
Merchandise exports transferred under U.S. military agency sales
3
contracts identified in Census documents .
Other adjustments net 4
8 Equals: Merchandise exports, adjusted to balance of payments
basis excluding "military" (table 1, line 2).
1,845
453
473
458
461
442
554
486
457
447
475
466
441
524
505
-5,221
-1,076
-1,305
-1,472
-1,368
-1,036
-1,076
-1,325
-1,076
-1,305
-1,472
-1,368
-1,036
-1,076
-1,325
-681
319,251
-151
-148
77,011
80,461
-61
321
149
77,547
84,232
87,977
-291
-244
151
148
-61
93,770
87,987
76,447
78,471
80,604
-321
-150
-291
83,729
87,919
91,423
244
91,569
IMPORTS
441,351 105^27 109,693 109,665 116,466 112,884 119,783 118,298 107,957 108,101 110,356 114,937 115,832 118,390 118,906
9 Merchandise imports, Census basis ' (general imports)
Adjustments:
10
11
12
13
14
Electric energy
Gold imports, nonmonetary
,
Inland freight in Canada
<
U.S.-Canadian reconciliation adjustment, n.e.c., net 2
Merchandise imports3of U.S. military agencies identified in
Census documents .
844
3,576
2,254
-1,686
127
15
16 Equals: Merchandise imports, adjusted to balance of payments
basis, excluding "military" (table 1, line 17).
246
1,573
665
193
1,460
554
238
224
501
167
319
534
-409
-387
-445
-445
-374
-396
69
236
-135
-151
-138
-40
443
532
579
555
246
1,573
665
193
1,460
554
238
224
501
167
319
534
-430
-409
-387
-445
^45
-374
-396
^30
-124
-139
69
236
-136
-151
-124
464
504
-39
443
532
579
555
464
504
446,466 107,464 111,473 110,252 117,277 113,350 120,370 118,712 109,893 109,882 110,943 115,748 116,297 118,977 119320
B Merchandise trade, by area and country, adjusted to balance of
payments basis, excluding military: 6
EXPORTS
1 Total, all countries (A-8)
2
3
4
5
6
7
8
9
10
11
Western Europe
European Communities
Belgium and Luxembourg
12
13
14
15
Canada 2
Japan
Australia, New Zealand, and South Africa '.4.,
Australia
16
Eastern Europe
17
18
19
20
21
Latin America and Other Western Hemisphere
Brazil
Mexico
22
23
24
25
26
27
28
29
30
31
Other countries in Asia and Africa 6
Asia6
Members of OPEC
China
Hong Kong
Korea, Republic of
32
.
Germany Federal Republic of
Italy
Netherlands
United Kingdom
Other
Western Europe, excluding EC
.
..
.
.
.
.
.
80,461
77,547
84,232
87,977
93,770
87,987
76,447
78,471
80,604
83,729
87,919
91,423
91369
21,552
18,636
1,837
2,613
3,583
1,616
2,533
4,424
2,030
2,916
22,110
19,015
1,794
2,432
3,668
1,766
2,396
4,679
2,280
3,095
19,927
17,202
1,764
2,370
3,138
1,496
2,282
4,202
1,950
2,725
22,825
19,657
1,958
2,581
3,647
1,790
2,750
4,737
2,194
3,168
24,501
21,273
2,028
2,895
4,047
1,817
2,777
5,084
2,625
3,228
25,211
21,625
2,299
2,921
4,232
1,879
2,835
5,098
2,361
3,586
23,852
20,362
2,034
2,809
3,744
1,604
2,933
5,166
2,072
3,490
21,439
18,529
1,833
2,607
3,563
1,605
2,498
4,422
2,001
2,910
21,541
18,531
1,740
2,361
3,571
1,726
2,359
4,537
2,237
3,010
20,673
17,855
1,823
2,448
3,258
1,551
2,387
4,345
2,043
2,818
22,761
19,595
1,957
2,580
3,644
1,786
2,717
4,738
2,173
3,166
24,521
21,288
2,033
2,904
4,056
1,819
2,762
5,104
2,610
3,233
24,461
20,985
2,227
2,829
4,101
1,826
2,767
4,933
2,302
3,476
24,773
21,147
2,110
2,913
3,886
1,667
3,047
5,360
2,164
3,626
73,540
37,148
19,094
8,740
18,807
9,226
16,924
9,590
18,715
9,592
20,253
10,267
22,253
11,173
18,260
11,147
19,091
8,609
18,230
9,061
17,479
10,027
18,740
9,451
20,325
10,220
21,569
10,975
18,942
11,635
2,434
6,804
1,335
1,529
1,736
2,204
1,796
1,972
2,347
1,333
1,477
1,788
2,206
1,805
1,906
1,190
1,036
552
1,018
1,702
1,823
652
1,132
1,081
601
982
1,644
1,873
688
43,624
4,240
20,573
4,525
14,286
9,601
951
4,325
997
3,328
10,630
1,189
4,975
1,044
3,422
11,318
1,043
5,374
1,230
3,671
12,075
1,057
5,899
1,254
3,865
11,865
1,041
6,030
1,022
3,772
12,058
1,087
6,193
680
4,098
12,184
1,258
6,143
590
4,193
9,536
952
4,302
986
3,296
10,342
1,150
4,836
1,018
3,338
11,763
1,076
5,585
1,281
3,821
11,983
1,062
5,850
1,240
3,831
11,865
1,046
6,031
1,019
3,769
11,756
1,053
6,036
665
4,002
12,685
1,306
6,396
616
4,367
.
.
. ..
67,925
60,394
7,369
5,028
5,663
10,666
5,756
11,859
7,195
1,177
15,499
13,898
1,812
1,053
1,200
2,387
1,250
3,245
1,536
287
17,123
15,056
1,704
1,263
1,352
2,572
1,398
3,432
1,980
306
17,500
15,553
1,830
1,319
1,631
2,878
1,525
2,688
1,873
262
17,803
15,887
2,023
1,393
1,480
2,829
1,583
2,494
1,806
322
17,593
15,839
1,980
1,478
1,477
3,028
1,773
2,399
1,650
250
19,280
17,418
1,978
1,263
1,807
3,472
1,728
2,962
1,749
331
19,545
17,218
1,763
1,796
1,559
3,402
1,866
2,639
2,245
415
15,307
13,750
1,784
1,048
1,192
2,339
1,250
3,225
1,492
276
16,739
14,694
1,671
1,233
1,314
2,523
1,352
3,353
1,960
310
18,273
16,214
1,918
1,374
1,685
3,011
1,570
2,807
1,978
281
17,606
15,736
1,996
1,373
1,472
2,793
1,584
2,474
1,765
310
17,539
15,802
1,974
1,466
1,478
3,015
1,781
2,394
1,633
247
18,883
17,038
1,942
1,242
1,758
3,422
1,673
2,896
1,731
332
20,412
17,966
1,848
1,885
1,622
3,548
1,933
2,754
2,357
436
<
206,531
13,745
98,975
51,303
3,251
22,457
52,287
3,208
24,966
48,920
3,510
25,117
54,021
3,776
26,435
57,437
3,438
27,102
61,287
3,142
29,341
56,281
2,929
28,777
51,052
3,198
22,197
50,903
3,150
24,418
50,734
3,675
26,195
53,842
3,722
26,165
57,492
3,424
27,003
59,568
3,088
28,767
58,484
3,068
30,017
Other
.
77,011
86,414
74,510
7,353
9,996
14,036
6,668
9,961
18,042
8,454
11,904
3,796
.
Taiwan
Africa 7
Members of OPEC
319,251
International organizations and unallocated
Memoranda:
33
34
35
Industrial countries ' ... .
Members of OPEC 7
Other countries 6
See footnotes on page 46.
«
. .
30
SURVEY OF CURRENT BUSINESS
December 1989
Table 2.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
1988
1988
Line
in
II
I
IV
I
II'
1989
1988
1989
iii'
III
II
I
IV
IP
I
III"
B Merchandise trade, by area and country, adjusted to balance of
payments basis, excluding military 6—Continued:
IMPORTS
446,466 107,464 111,473 110,252 117,277 113,350 120,370 118,712
36 Total, all countries (A- 16)
37
38
39
40
41
42
43
44
45
46
Western Europe
...
European Communities
Belgium and Luxembourg
France
Germany Federal Republic of ...
Italy
Netherlands
United Kingdom
Other
Western Europe, excluding EC
47
48
49
50
Canada2
Japan
Australia, New Zealand, and South Africa6
Australia
51
Eastern Europe
52
53
54
55
56
Latin America and Other Western Hemisphere
Brazil
Mexico
Venezuela
....
Other
.
Other countries in Asia and Africa
Asia6
.
Members of OPEC
China
Hong Kong
Korea Republic of
Singapore
Taiwan
Africa6
Members of OPEC
57
58
59
60
61
62
63
64
65
66
25,205
21,242
1,172
2,784
6,645
2,847
1,833
4,178
1,783
3,963
26,109
21,686
1,198
3,239
6,491
2,782
1,615
4,589
1,772
4,423
23,908
20,161
991
3,011
6,099
2,823
1,188
4,154
1,895
3,747
26,978
22,557
1,141
3,084
7,060
3,050
1,315
4,759
2,148
4,421
25,054
20,771
1,122
3,117
6,164
2,715
1,222
4,233
2,198
4,283
25,886
21,568
1,194
3,436
6,153
2,964
1,082
4,380
2,359
4,318
24,653
20,908
1,080
3,054
5,956
3,043
1,182
4,573
2,020
3,745
25,782
21,732
1,200
2,855
6,806
2,914
1,856
4,276
1,825
4,050
25,723
21,358
1,180
3,186
6,383
2,737
1,600
4,526
1,746
4,365
24,065
20,292
997
3,032
6,138
2,841
1,196
4,182
1,906
3,773
26,630
22,264
1,125
3,045
6,968
3,010
1,299
4,696
2,121
4,366
25,719
21,322
1,152
3,203
6,333
2,789
1,252
4,347
2,246
4,397
25,565
21,297
1,180
3,390
6,071
2,925
1,069
4,326
2,336
4,268
24,784
21,020
1,086
3,071
5,988
3,060
1,188
4,597
2,030
3,764
84,400
89,760
20,774
20,853
22,455
21,501
19,631
22,242
21,540
25,164
22,636
22,828
23,519
23,398
20,189
23,376
21,240
21,362
22,134
21,156
19,756
22,394
21,270
24,848
23,229
23,454
23,232
23,086
20,294
23,505
3,516
969
899
792
856
863
957
956
990
886
796
844
887
945
961
2,165
514
626
477
548
560
490
520
524
620
480
541
574
485
522
51,421
9,448
23,325
5,163
13,485
12,763
2,350
5,739
1,244
3,430
12,761
2,290
5,878
1,377
3,216
12,932
2,532
5,670
1,325
3,405
12,965
2,276
6,038
1,217
3,434
13,460
2,078
6,354
1,463
3,565
14,961
2,183
7,135
1,732
3,911
14,421
2,179
6,731
1,611
3,900
13,030
2,401
5,866
1,261
3,502
12,603
2,255
5,798
1,377
3,173
13,003
2,547
5,704
1,328
3,424
12,785
2,245
5,957
1,197
3,386
13,786
2,132
6,516
1,485
3,653
14,820
2,157
7,058
1,732
3,873
14,489
2,190
6,764
1,615
3,920
113,004
102,065
11,325
8,535
10,238
20,154
7,943
, 24,856
10,861
5,284
26,386
23,606
2,905
1,813
2,202
4,505
1,743
5,899
2,761
1,304
27,122
24,270
2,651
1,892
2,297
4,793
1,926
6,144
2,835
1,538
30,270
27,576
2,961
2,375
2,890
5,528
2,078
6,674
2,655
1,253
29,226
26,613
2,808
2,455
2,849
5,328
2,196
6,139
2,610
1,189
27,949
24,817
3,113
2,260
2,110
4,710
1,926
5,360
3,089
1,513
31,159
27,356
3,821
2,683
2,188
4,926
2,156
6,088
3,767
2,012
34,597
30,833
4,033
3,624
2,729
5,216
2,331
6,730
3,728
2,126
26,965
24,142
2,946
1,856
2,256
4,615
1,786
6,039
2,804
1,320
26,760
23,920
2,647
1,864
2,259
4,715
1,895
6,043
2,824
1,540
30,449
27,744
2,970
2,392
2,910
5,564
2,093
6,716
2,665
1,256
28,830
26,259
2,762
2,423
2,813
5,260
2,169
6,058
2,568
1,168
28,648
25,459
3,164
2,321
2,168
4,840
1,979
5,507
3,145
1,535
30,844
27,048
3,818
2,649
2,159
4,861
2,128
6,007
3,759
2,015
34,765
30,990
4,044
3,643
2,744
5,244
2,343
6,767
3,739
2,130
282,363
23,000
141,103
68,482
5,759
33,223
71,673
5,853
33,947
67,063
5,844
37,345
75,145
5,544
36,588
72,126
6,457
34,767
74,518
8,036
37,816
69,842
8,159
40,711
70,071
5,837
33,985
70,595
5,848
33,439
67,505
5,863
37,575
74,192
5,452
36,104
74,054
6,560
35,683
73,576
8,034
37,367
70,215
8,181
40,924
. .
,
.
. ...
6
..
109,893 109,882 110,943 115,748 116,297 118,977 119,320
102,200
85,646
4,502
12,118
26,295
11,502
5,951
17,680
7,598
16,554
67
Memoranda:
Industrial countries 7
Members of OPEC 7
Other countries 7
68
69
70
BALANCE (EXCESS OF EXPORTS +)
-127,215 -30,453 -31,012 -32,705 -33,045 -25,373 -26,600 -30,725 -33,446 -31,411 -30,339 -32,019 -28,378 -27,554 -27,751
71 Total, all countries
-3,653
-2,606
665
-171
-3,062
-1,231
700
246
247
-1,047
-3,999
-2,671
596
-807
-2,823
-1,016
781
90
508
-1,328
-3,981
-2,959
773
-641
-2,961
-1,327
1,094
48
55
-1,022
-4,153
-2,900
817
-503
-3,413
-1,260
1,435
-22
46
-1,253
-553
502
906
-222
-2,117
-898
1,555
851
427
-1,055
-801
-546
954
-245
-2,212
-1,439
1,751
593
52
-255
-4,182
-2,827
560
-825
-2,812
-1,011
759
11
491
-1,355
-1,104
-312
1,047
-561
-1,970
-1,099
1,698
607
-34
-792
72
73
74
75
76
77
78
79
80
81
Western Europe . . . .
European Communities
Belgium and Luxembourg
France
Germany, Federal Republic of
Italy
.
Netherlands
United Kingdom
Other
. .
Western Europe excluding EC . . .
-15,786
-11,136
2,851
-2,122
-12,259
^,834
4,010
362
856
-4,650
82
83
84
85
Canada2
Australia, New Zealand, and South Africa 6
Australia
-10,860 -1,680 -3,648 -2,707 -2,825 -2,383 -1,266 -1,929 -2,149 -3,904 -2,277 -2,530 -2,904 -1,663 -1,352
-52,612 -12,113 -12,275 -12,652 -15,572 -12,561 -12,225 -12,229 -12,753 -12,095 -12,367 -15,397 -13,234 -12,111 -11,870
86
Eastern Europe
87
88
89
90
91
Latin America and Other Western Hemisphere
Brazil
Mexico
Venezuela
Other
92
93
94
95
96
97
98
99
100
101
Other countries in Asia and Africa 6
Asia 6
Members of OPEC
China
Hong Kong
Korea Republic of
Singapore
Taiwan
Africa 6
Members of OPEC
102
International organizations and unallocated
....
-675
57
1,105
-515
-1,921
-1,085
1,753
718
2
-732
-4,343
-3,203
633
-248
-3,243
-1,309
642
146
176
-1,140
-3,392
-2,437
826
-584
-2,880
-1,290
1,191
163
137
-955
-3,869
-2,669
832
-465
-3,324
-1,224
1,418
42
52
-1,200
-1,198
-34
881
-299
-2,277
-970
1,510
757
364
-1,164
-11
127
1,024
-158
-2,102
-1,393
1,859
763
134
-138
3,288
366
630
944
1,348
933
1,015
1,391
343
591
992
1,362
918
961
1,631
676
410
75
470
1,142
1,333
132
608
461
121
441
1,070
1,388
166
-7,797
-5,208
-2,752
-638
801
-3,162
-1,399
-1,414
-247
-102
-2,131
-1,101
-903
-333
206
-1,614
-1,489
-296
-95
266
-890
-1,219
-139
37
431
-1,595
-1,037
-324
-441
207
-2,903
-1,096
-942
-1,052
187
-2,237
-921
-588
-1,021
293
-3,494
-1,449
-1,564
-275
-206
-2,261
-1,105
-962
-359
165
-1,240
-1,471
-119
-47
397
-802
-1,183
-107
43
445
-1,921
-1,086
-485
-466
116
-3,064
-1,104
-1,022
-1,067
129
-1,804
-884
-368
-999
447
-45,079 -10,887
-41,671 -9,708
-3,956 -1,093
-760
-3,507
-4,575 -1,002
-9,488 -2,118
-2,187
-493
-12,997 -2,654
-3,666 -1,225
-4,107 -1,017
1,473
-9,999 -12,770 -11,423 -10,356 -11,879 -15,052 -11,658 -10,021 12 176 -11,224 -11,109 -11,961 -14,353
-9,214 -12,023 -10,726 -8,978 -9,938 -13,615 -10,392 -9,226 -ll!530 -10,523 -9,657 -10,010 -13,024
-785 -1,133 -1,843 -2,270 -1,162
-947 -1,131
-976 -1,052
-766 -1,190 -1,876 -2,196
-782 -1,420 -1,828
-629 -1,056 -1,062
-808
-631 -1,018 -1,050
-855 -1,407 -1,758
-945 -1,259 -1,369
-381 -1,170 -1,064
-633
-945 -1,225 -1,341
-690
-401 -1,122
-2,221 -2,650 -2,499 -1,682 -1,454 -1,814 -2,276 -2,192 -2,553 -2,467 -1,825 -1,439 -1,696
-528
-153
-613
-553
-465
-428
-543
-536
-198
-585
-523
-410
-455
-2,712 -3,986 -3,645 -2,961 -3,126 -4,091 -2,814 -2,690 -3,909 -3,584 -3,113 -3,111 -4,013
-782
-804 -1,439 -2,018 -1,483 -1,312
-855
-864
-803 -1,512 -2,028 -1,382
-687
-991
-1,232
-867 -1,263 -1,681 -1,711 -1,044 -1,230
-858 -1,288 -1,683 -1,694
-975
Memoranda:
103
104
105
Industrial countries 7
Members of OPEC 7
Other countries7
See footnotes on page 46.
-75,832 -17,179 -19,386 -18,143 -21,124 -14,689 -13,231 -13,561 -19,019 -19,692 -16,771 -20,350 -16,562 -14,008 -11,731
-9,255 -2,508 -2,645 -2,334 -1,768 -3,019 -4,894 -5,230 -2,639 -2,698 -2,188 -1,730 -3,136 -4,946 -5,113
-42,128 -10,766 -8,981 -12,228 -10,153 -7,665 -8,475 -11,934 -11,788 -9,021 -11,380 -9,939 -8,680 -8,600 -10,907
SURVEY OF CURRENT BUSINESS
December 1989
31
Table 2.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Not seasonally adjusted
1988
1988
Line
I
II
Seasonally adjusted
1988
1989
HI
IV
IP
I
III*
I
II
1989
III
IV
IP
I
III"
adjusted to
C Merchandise trade, by principal end-use category,
balance of payments basis, excluding military: 2
1 Merchandise exports, balance of payments basis, excluding
military (A-8).
2
3
Agricultural products
Nonagricultural products
4
Foods, feeds and beverages
,
5
6
7
8
9
10
11
12
Agricultural
. ..
Grains and preparations
Wheat
Corn
Soybeans
Meat products and poultry
Vegetables fruits nuts, and preparations
Other agricultural foods feeds and beverages
13
14
Nonagricultural (fish, distilled beverages, etc.)
Fish and shellfish
15
,
Industrial supplies and materials
16
17
18
19
20
Agricultural
Raw cotton
Tobacco unmanufactured
Hides and skins including furskins
Other agricultural industrial supplies
21
22
23
24
25
Nonagricultural
Fuels and lubricants 8
Coal and related fuels
Petroleum and products
,
319,251
77,011
80,461
77,547
84,232
87,977
93,770
87,987
76,447
78,471
80,604
83,729
87,919
91,423
91,569
38,142
281,109
9,743
67,268
8,928
71,533
8,876
68,671
10,595
73,637
11,252
76,725
10,317
83,453
9,007
78,980
9,021
67,426
9,405
69,066
9,927
70,677
9,789
73,940
10,763
77,156
10,861
80,562
9,768
81,801
32,944
7,782
7,608
8,485
9,069
9,631
8,904
8,264
7,545
8,053
8,708
8,638
9,592
9,415
8,123
30,139
15,430
5,108
5,136
4,850
2,639
3,921
3,299
7,293
3,582
1,188
978
1,580
464
906
761
7,022
3,714
1,309
1,184
919
601
950
838
7,279
3,840
1,339
1,370
885
766
919
869
8,545
4,294
1,272
1,604
1,466
808
1,146
831
8,971
4,957
1,758
1,718
1,560
729
947
778
8,293
4,744
1,397
1,943
794
801
1,076
878
7,138
4,114
1,931
1,077
410
736
943
935
6,885
3,444
1,269
927
1,197
502
964
778
7,347
3,758
1,344
1,066
1,182
614
969
824
7,954
3,998
1,070
1,668
1,368
770
982
836
7,953
4,230
1,425
1,475
1,103
753
1,006
861
8,708
4,919
1,913
1,657
1,199
782
1,005
803
8,676
4,874
1,452
1,843
1,038
811
1,095
858
7,422
4,119
1,594
1,353
646
739
1,015
903
2,805
2,400
489
398
586
471
1,206
1,106
524
425
660
562
611
482
1,126
987
660
564
706
596
754
658
685
582
884
781
739
611
701
567
88,824
21,924
22,944
21,705
22,251
23,467
26,167
24,271
21,866
22,406
22,206
22,346
23,666
25,489
24,990
7,319
1,987
1,254
1,838
2,240
2,255
765
397
538
555
1,716
536
297
456
427
1,465
276
214
422
553
1,883
410
346
422
705
2,093
570
460
432
631
1,830
567
281
475
507
1,713
546
170
413
584
1,964
630
361
448
525
1,870
571
334
440
525
1,820
402
349
486
583
1,665
384
210
464
607
1,889
460
466
365
598
2,000
587
321
462
630
2,162
766
289
487
620
81,505
9,519
9,468
4,200
4,377
19,669
2,001
1,990
698
1,100
21,228
2,487
2,480
1,110
1,138
20,240
2,531
2,513
1,201
978
20,368
2,500
2,485
1,191
1,161
21,374
2,730
2,709
1,048
1,239
24,337
3,440
3,408
1,390
1,380
22,558
2,846
2,820
1,191
1,410
19,902
2,197
2,186
904
1,091
20,536
2,407
2,401
1,010
1,151
20,386
2,558
2,540
1,128
1,082
20,681
2,357
2,341
1,158
1,053
21,777
3,039
3,017
1,371
1,225
23,489
3,329
3,294
1,263
1,383
22,828
2,909
2,882
1,082
1,585
26
27
28
29
30
Paper and paper base stocks
Textile supplies and related materials
Chemicals excluding medicinals
Building materials except metals
Other nonmetals
7,664
4,574
25,981
6,096
6,641
1,843
1,098
6,316
1,396
1,654
1,889
1,123
6,525
1,647
1,712
1,944
1,133
6,704
1,516
1,634
1,988
1,220
6,436
1,537
1,641
2,076
1,307
6,719
1,656
1,838
2,151
1,414
7,721
1,982
1,966
2,116
1,340
7,107
1,828
1,913
1,841
1,090
6,267
1,395
1,634
1,834
1,081
6,295
1,603
1,626
1,943
1,169
6,655
1,568
1,663
2,046
1,234
6,764
1,530
1,718
2,067
1,296
6,685
1,658
1,817
2,094
1,362
7,435
1,930
1,867
2,117
1,389
7,089
1,884
1,950
31
32
33
34
35
36
37
38
Metals and nonmetallic products
Steelmaking materials
Iron and steel products
Nonferrous metals
Nonmonetary gold
Other precious metals
Other nonferrous metals
Other metals and nonmetallic products
21,030
1,733
2,265
12,297
5,872
557
5,868
4,735
5,361
290
440
3,506
2,235
153
1,118
1,125
5,845
526
506
3,630
1,979
141
1,510
1,183
4,778
453
540
2,627
916
127
1,584
1,158
5,046
464
779
2,534
742
136
1,656
1,269
5,048
484
954
2,415
579
232
1,604
1,195
5,663
626
981
2,752
792
297
1,663
1,304
5,408
565
1,000
2,632
712
302
1,618
1,211
5,478
381
437
3,525
2,235
153
1,137
1,135
5,690
459
492
3,604
1,979
141
1,484
1,135
4,830
453
557
2,637
916
127
1,594
1,183
5,032
440
779
2,531
742
136
1,653
1,282
5,215
622
941
2,446
579
232
1,635
1,206
5,472
541
957
2,719
792
297
1,630
1,255
5,490
563
1,038
2,645
712
302
1,631
1,244
112,352
26,838
28,107
27,174
30,233
30,800
33,190
33,145
26,882
27,319
28,216
29,935
30,778
32,266
34,823
40
41
42
43
44
45
46
47
Machinery, except consumer-type . .
Electric generating machinery, electric apparatus, and parts
Nonelectric including parts and attachments
Oil drilling, mining, and construction machinery
Industrial engines, pumps, and compressors
Machine tools and metalworking machinery
Measuring testing, and control instruments
Other industrial, agricultural, and service industry
machinery.
89,895
10,857
79,038
6,393
3,967
2,573
5,397
18,565
21,656
2,648
19,008
1,541
1,044
569
1,282
4,447
21,989
2,703
19,286
1,541
893
630
1,316
4,620
22,098
2,688
19,410
1,597
956
621
1,344
4,556
24,152
2,818
21,334
1,714
1,074
753
1,455
4,942
24,392
2,755
21,637
2,025
1,363
691
1,185
4,970
25,935
2,910
23,025
2,104
1,381
757
1,247
5,532
25,351
2,834
22,517
2,009
1,334
770
1,221
5,342
21,679
2,619
19,060
1,549
1,060
569
1,291
4,442
21,450
2,595
18,855
1,498
905
603
1,308
4,447
22,816
2,771
20,045
1,640
987
656
1,360
4,716
23,950
2,872
21,078
1,706
1,015
745
1,438
4,960
24,394
2,728
21,666
2,028
1,377
690
1,194
4,968
25,346
2,801
22,545
2,042
1,402
725
1,239
5,350
26,200
2,920
23,280
2,099
1,381
813
1,233
5,517
48
49
50
51
52
Computers peripherals and parts
Semiconductors
Telecommunications equipment
Other office and business machines
...
Scientific, hospital, and medical equipment and parts
22,374
7,078
5,976
1,591
5,124
5,510
1,578
1,408
374
1,255
5,438
1,756
1,472
398
1,222
5,328
1,856
1,485
413
1,254
6,098
1,888
1,611
406
1,393
5,387
2,220
1,671
547
1,578
5,600
2,356
1,918
530
1,600
5,475
2,464
1,833
499
1,570
5,480
1,638
1,424
385
1,222
5,405
1,650
1,431
394
1,214
5,603
1,840
1,529
412
1,302
5,886
1,950
1,592
400
1,386
5,309
2,309
1,691
563
1,537
5,577
2,221
1,868
527
1,594
5,774
2,447
1,889
495
1,632
20,642
10,282
1,815
4,734
2,378
448
5,692
3,122
426
4,648
2,088
428
5,568
2,694
513
5,860
2,810
548
6,835
3,476
420
7,384
4,201
410
4,755
2,398
448
5,443
2,864
426
4,972
2,354
428
5,472
2,666
513
5,836
2,782
548
6,500
3,129
420
8,213
4,964
410
39
53
54
55
Capital goods except automotive
Civilian aircraft, engines, parts
Other transportation equipment
32,514
8,551
8,455
7,009
8,499
9,149
9,230
7,403
8,190
7,770
7,981
8,573
8,849
8,582
8,346
57
58
59
60
61
To Canada
Passenger cars new and used
Trucks buses and special purpose vehicles
Engines and engine parts
Other parts and accessories
22,572
7,437
3,187
2,069
9,879
6,384
2,034
912
576
2,862
5,955
1,987
845
549
2,574
4,691
1,557
710
444
1,980
5,542
1,859
720
500
2,463
6,304
2,227
859
600
2,618
6,298
2,123
754
631
2,790
4,882
1,553
700
454
2,175
6,031
1,899
912
529
2,691
5,408
1,664
750
504
2,490
5,430
1,921
761
528
2,220
5,703
1,953
764
508
2,478
6,006
2,107
860
570
2,469
5,813
1,827
679
598
2,709
5,565
1,894
737
524
2,410
62
63
64
65
66
To other areas
Passenger cars new and used
Trucks buses and special purpose vehicles
Engines and engine parts
.
Other parts and accessories
9,942
2,429
1,066
1,221
5,226
2,167
516
229
248
1,174
2,500
612
277
299
1,312
2,318
471
249
316
1,282
2,957
830
311
358
1,458
2,845
878
275
447
1,245
2,932
843
272
414
1,403
2,521
511
242
341
1,427
2,159
472
250
252
1,185
2,362
570
261
287
1,244
2,551
642
271
332
1,306
2,870
745
284
350
1,491
2,843
817
303
459
1,264
2,769
781
258
399
1,331
2,781
710
255
359
1,457
24,180
5,494
6,025
6,116
6,545
7,428
8,386
7,844
5,517
5,791
6,226
6,646
7,461
8,037
8,056
13,106
4,179
3,005
983
3,253
1,034
3,353
1,065
3,495
1,097
3,650
1,059
3,971
1,107
4,056
1,066
3,018
940
3,182
1,004
3,337
1,082
3,569
1,153
3,673
1,011
3,881
1,078
4,041
1,095
9,962
4,014
2,234
936
2,494
978
2,478
982
2,756
1,118
3,463
1,436
4,030
1,609
3,454
1,391
2,240
930
2,344
955
2,593
999
2,785
1,130
3,470
1,419
3,781
1,577
3,667
1,423
56
67
68
69
70
71
72
73
74
75
Automotive vehicles parts and engines
Consumer goods (nonfood) except automotive
...
Consumer nondurables manufactured
Medical, dental, and pharmaceutical preparations, including
vitamins.
Consumer durables, manufactured
Household and kitchen appliances and other household
goods.
Unmanufactured consumer goods (gem stones, nursery stock)
Exports, n e e and reexports
Other domestic exports and balance of payments adjustments
not included above (minimum value shipments and
miscellaneous exports).
Foreign (reexports)
See footnotes on page 46.
1,112
255
278
285
294
315
385
334
259
265
296
292
318
375
348
28,437
6,422
7,322
7,058
7,635
7,502
7,893
7,060
6,447
7,132
7,267
7,591
7,573
7,634
7,231
16,500
3,811
4,292
4,092
4,305
3,987
4,353
3,744
3,802
4,187
4,222
4,289
4,010
4,210
3,831
11,937
2,611
3,030
2,966
3,330
3,515
3,540
3,316
2,645
2,945
3,045
3,302
3,563
3,424
3,400
32
SURVEY OF CURRENT BUSINESS
December 1989
Table 2.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
I
II
1988
1989
1988
1988
Line
III
IV
I
II'
HI"
I
II
1989
III
IV
I
IP
HI"
adjusted to
C Merchandise trade, by principal end-use category,
balance of payments basis, excluding military 2—Continued:
446,466 107,464
76 Merchandise imports, balance of payments basis, excluding
military (A-16).
111,473 110,252 117,277 113,350 120,370 118,712 109,893 109,882 110,943 115,748 116,297 118,977 119,320
9,382 10,705 13,407 13,264
9,748
9,954 10,225
97,510 101,248 100,504 107,895 102,645 106,963 105,448
10,068
99,825
6,251
6,056
6,503
5,939
6,198
6,269
6,287
6,286
6,235
4,456
781
554
804
1,327
459
1,085
1,795
1,344
348
4,227
935
632
717
965
468
1,143
1,829
1,365
384
4,610
877
635
1,059
1,129
502
1,043
1,893
1,394
378
4,072
654
483
868
1,032
484
1,034
1,867
1,363
364
4,430
851
658
790
1,190
470
1,129
1,768
1,268
365
4,339
755
507
758
1,282
449
1,095
1,930
1,397
394
4,417
909
602
873
1,148
431
1,056
1,870
1,388
368
4,440
781
554
804
1,285
444
1,125
1,846
1,334
404
4,434
935
632
717
1,186
452
1,145
1,801
1,333
394
32,006
35,039
33,658
30,979
31,057
29,936
30,378
32,243
34,468
33,975
1,164
30,842
11,687
11,549
1,012
34,027
14,319
14,164
867
32,791
14,090
13,928
781
30,198
11,138
10,892
802
30,255
11,212
11,019
876
29,060
10,857
10,619
941
29,437
10,187
10,020
1,063
31,180
11,745
11,607
1,024
33,444
14,380
14,225
970
33,005
14,224
14,063
2,522
1,369
3,159
1,748
1,355
2,459
1,332
3,509
1,834
1,396
2,383
1,368
3,335
2,021
1,555
2,375
1,356
3,110
2,025
1,539
2,474
1,391
2,944
1,896
1,202
2,578
1,346
3,051
1,812
1,200
2,651
1,354
3,079
1,809
1,260
2,508
1,406
3,295
1,883
1,370
2,476
1,351
3,383
1,992
1,423
2,388
1,316
3,216
1,847
1,485
2,365
1,358
3,213
1,922
1,559
8,005
523
3,134
3,109
559
473
936
1,141
1,239
8,691
521
3,184
3,678
667
564
962
1,485
1,308
8,625
458
2,950
3,984
804
597
1,056
1,527
1,233
9,046
566
3,102
4,112
916
560
1,064
1,572
1,266
8,296
461
2,974
3,670
854
483
951
1,382
1,191
9,153
506
3,079
4,332
1,870
452
862
1,148
1,236
9,056
433
3,087
4,305
1,764
537
840
1,164
1,231
8,050
480
3,162
3,136
559
473
935
1,169
1,272
8,788
501
3,251
3,699
667
564
1,032
1,436
1,337
8,810
588
2,948
4,055
804
597
1,078
1,576
1,219
8,812
516
3,018
4,059
916
560
991
1,592
1,219
8,364
425
3,002
3,704
854
482
960
1,408
1,233
25,510
25,547
27,168
26,513
28,682
28,264
24,054
25,254
25,670
26,779
27,177
28,474
28,402
23,125
2,831
20,294
1,148
1,001
855
735
5,346
23,477
2,994
20,483
1,033
1,010
882
721
5,020
25,041
3,160
21,881
952
1,035
1,001
782
5,464
24,182
2,724
21,458
1,071
1,092
1,038
638
5,592
25,766
2,926
22,840
1,169
1,145
1,062
679
5,945
25,683
2,824
22,859
1,087
1,070
1,066
660
5,561
22,350
2,631
19,719
1,154
914
934
719
5,085
22,826
2,775
20,051
1,067
942
855
714
5,139
23,587
3,008
20,579
1,006
1,018
882
748
5,117
24,678
3,115
21,563
1,002
1,088
1,001
758
5,548
24,879
2,831
22,048
1,117
1,089
1,038
653
5,652
25,471
2,864
22,607
1,092
1,083
1,062
661
5,726
25,790
2,845
22,945
1,065
1,082
1,066
686
5,662
4,299
2,331
2,139
1,012
767
4,443
2,716
2,269
938
843
4,605
2,934
2,398
1,009
871
4,984
2,980
2,590
1,171
922
4,699
2,921
2,498
1,022
887
5,078
3,168
2,588
1,016
990
5,512
3,082
2,660
1,157
1,004
4,418
2,400
2,281
1,014
800
4,544
2,652
2,293
995
850
4,704
2,872
2,341
1,010
881
4,665
3,037
2,481
1,111
872
4,829
3,064
2,658
1,022
927
5,198
3,085
2,620
1,083
997
5,631
2,981
2,601
1,157
1,014
8,316
7,544
2,691
1,734
1,580
369
2,385
2,084
940
2,070
1,907
728
2,127
1,973
654
2,331
2,019
628
2,916
2,546
838
2,581
2,284
564
1,704
1,552
369
2,428
2,136
940
2,083
1,916
728
2,101
1,940
654
2,298
1,990
628
3,003
2,652
838
2,612
2,299
564
77
78
Petroleum and products
39,309
407,157
79
Foods, feeds, and beverages
24,909
6,517
5,920
6,049
6,423
6,325
17,451
3,137
2,283
3,475
4,633
1,905
4,301
7,458
5,422
1,501
4,746
877
635
1,059
1,410
414
986
1,771
1,326
341
4,102
654
483
868
1,078
502
1,000
1,818
1,372
313
4,246
851
658
790
987
489
1,129
1,803
1,300
355
4,357
755
507
758
1,158
500
1,186
2,066
1,424
492
4,574
909
602
873
1,432
357
1,003
1,751
1,320
334
122,350
30,873
31,661
29,651
30,165
3,400
118,950
43,394
42,550
865
30,008
11,130
10,885
802
30,859
11,150
10,956
797
28,854
10,729
10,492
936
29,229
10,385
10,217
Paper and paper base stocks
Textile supplies and related materials
Chemicals, excluding medicinals
Building materials, except metals
Other nonmetals
10,211
5,497
12,369
7,400
5,032
2,458
1,369
3,088
1,752
1,187
2,567
1,402
3,170
1,988
1,255
2,664
1,357
2,952
1,912
1,235
Metals and nonmetallic products
Steelmaking materials
Iron and steel products
Nonferrous metals
Nonmonetary gold
Other precious metals
Bauxite and aluminum ..
Other nonferrous metals
Other metallic and nonmetallic products
35,047
1,920
12,579
15,472
4,860
2,026
3,669
4,917
5,076
9,024
398
3,076
4,304
1,870
452
858
1,124
1,246
9,327
478
3,185
4,381
1,764
537
913
1,167
1,283
101,757
23,532
93,441
11,529
81,912
4,229
3,962
3,672
2,939
20,889
21,798
2,544
19,254
1,096
916
934
701
5,059
18,331
10,961
9,396
4,130
3,403
80
81
82
83
84
85
86
87
88
89
Coffee cocoa and sugar.
Green coffee
.
Meat products and poultry
Vegetables, fruits, nuts, and preparations
Wine and related products
Other agricultural foods feeds and beverages
Nonagricultural (fish, distilled beverages, etc)
Fish and shellfish
Whiskey and other alcoholic beverages
90
Industrial supplies and materials
91
92
93
94
Agricultural
.
Nonagricultural products
Energy products
Fuels and lubricants 8
95
96
97
98
99
100
101
102
103
104
105
106
107
108
,
. . .
Capital goods except automotive
109
>
..
,
.
Machinery except consumer-type
.
*
Electric generating machinery, electric apparatus and parts
Nonelectric including parts and attachments
Oil drilling, mining, and construction machinery
Industrial engines pumps and compressors
...
Machine tools and metalworking machinery
.
Measuring testing and control instruments
Other industrial, agricultural, and service industry
machinery.
110
111
112
113
114
115
116
117
Computers peripherals, and parts
Semiconductors
Telecommunications equipment
118
119
120
121
122
Scientific, hospital, and medical equipment and parts
Transportation equipment, except automotive
Civilian aircraft, engines, parts
Civilian aircraft, complete, all types
123
124
125
87,941
21,313
22,634
19,626
24,368
22,451
22,483
19,033
21,618
21,319
21,754
23,250
22,825
21,205
21,139
29,200
13,256
6,082
1,977
7,885
7,181
3,423
1,404
502
1,852
8,154
3,916
1,633
519
2,086
6,131
2,638
1,361
384
1,748
7,734
3,279
1,684
572
2,199
7,758
3,404
1,744
569
2,041
8,028
3,487
1,832
572
2,137
5,932
2,451
1,440
451
1,590
7,046
3,349
1,364
490
1,843
7,458
3,542
1,458
487
1,971
7,324
3,366
1,596
451
1,911
7,372
2,999
1,664
549
2,160
7,642
3,330
1,712
557
2,043
7,346
3,157
1,638
533
2,018
7,156
3,144
1,738
537
1,737
58,741
33,794
4,266
4,557
16,124
14,132
8,018
1,146
1,080
3,888
14,480
8,154
1,043
1,210
4,073
13,495
7,622
927
1,040
3,906
16,634
10,000
1,150
1,227
4,257
14,693
8,343
1,026
1,457
3,867
14,455
8,043
871
1,493
4,048
13,101
7,011
822
1,386
3,882
14,572
8,643
1,146
1,004
3,779
13,861
7,718
1,043
1,174
3,926
14,430
8,306
927
1,104
4,093
15,878
9,127
1,150
1,275
4,326
15,183
9,025
1,026
1,363
3,769
13,859
7,611
871
1,462
3,915
13,983
7,616
822
1,477
4,068
Consumer goods (nonfood) except automotive
Consumer nondurables, manufactured
Textile apparel and household goods, except rugs
Footwear of leather, rubber, and other materials
Consumer durables manufactured
.
Household and kitchen appliances and other household
goods.
Toys, shooting, and sporting goods, including bicycles
Television and video receivers
Radio and stereo equipment, including records, tapes, and
disks.
Unmanufactured consumer goods (gemstones, nursery stock)
96,379
43,092
20,764
5,902
47,744
17,215
22,145
10,235
5,102
1,456
10,556
4,089
22,634
10,188
4,774
1,438
11,102
4,217
26,180
12,118
5,936
1,635
12,642
4,389
25,420
10,551
4,952
1,373
13,444
4,520
23,001
10,373
5,083
1,347
11,071
4,004
24,620
11,051
5,275
1,427
12,147
4,491
28,411
13,270
6,900
1,662
13,513
4,694
23,550
10,579
5,089
1,480
11,632
4,269
23,261
10,478
4,983
1,475
11,424
4,243
24,124
10,765
5,152
1,488
11,946
4,212
25,444
11,270
5,540
1,459
12,742
4,491
24,594
10,803
5,165
1,373
12,245
4,198
25,310
11,376
5,509
1,459
12,493
4,509
26,217
11,861
6,083
1,510
12,741
4,519
7,982
5,822
5,630
1,643
1,294
1,103
1,847
1,227
1,311
2,234
1,573
1,554
2,258
1,728
1,662
1,711
1,497
1,508
1,958
1,704
1,710
2,631
1,841
1,785
1,934
1,441
1,288
1,893
1,272
1,381
1,943
1,484
1,426
2,212
1,625
1,535
2,021
1,664
1,752
2,010
1,767
1,791
2,293
1,735
1,633
5,543
1,354
1,344
1,420
1,425
1,557
1,422
1,628
1,339
1,359
1,413
1,432
1,546
1,441
1,615
Imports n e e and U S goods returned
U.S. goods returned
Other products, including balance of payments adjustments not
included above (minimum value shipments and
miscellaneous imports).
13,130
7,876
5,254
3,084
1,728
1,356
3,114
1,914
1,200
3,199
1,971
1,228
3,733
2,263
1,470
3,054
1,999
1,055
3,295
2,210
1,085
3,290
2,298
992
3,189
1,822
1,367
3,052
1,879
1,173
3,261
2,029
1,232
3,628
2,146
1,482
3,171
2,103
1,068
3,234
2,173
1,061
3,352
2,358
994
Automotive vehicles, parts, and engines
126
127
128
129
130
131
From Canada
. . . . . .
. . .
Passenger cars new and used
Trucks buses, and special purpose vehicles
Engines and engine parts
Other parts and accessories
.
132
133
134
135
136
From other areas
Passenger cars new and used
Trucks buses and special purpose vehicles
Ensines and eneine parts
Other parts and accessories
137
138
139
140
141
142
143
144
145
146
147
148
149
9,218
10,850 13,430 13,294
10,248
9,775
99,634 101,168 106,530 105,447 105,547 106,026
See footnotes on page 46.
.
..
....
.
33
SURVEY OF CURRENT BUSINESS
December 1989
Table 3.—Selected Service Transactions
[Millions of dollars]
Seasonally adjusted
Not seasonally adjusted
II
I
1 Exports of selected services
2
3
4
5
6
7
Travel (table 1, line 5)
Port services
Other
Royalties and license fees (table 1 line 8)
Affiliated, net
U.S. parents' receipts
U S. parents' payments
Unaffiliated
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
.
Affiliated services net
U.S. parents' receipts
U.S. parents' payments
Unaffiliated services
Education
Financial services
Insurance '
...
Telecommunications
Business professional and technical services
Other unaffiliated services 2
24 Imports of selected services
1988
1989
1988
1988
Line
in
IV
I
II'
III"
II
I
1989
III
IV
II'
I
III''
92,058
21,087
22,042
25,340
23,591
24,274
25,280
28,615
21,799
22,405
23,432
24,422
25,113
25,668
26,505
29,202
8,860
18,930
5,345
12,830
755
5,751
1,771
4,605
1,370
3,054
181
7,031
2,180
4,769
1,372
3,209
188
9,118
2,858
4,800
1,289
3,319
192
7,302
2,051
4,757
1,315
3,248
194
7,032
2,130
4,981
1,451
3,348
182
8,294
2,414
5,176
1,490
3,497
189
10,185
2,952
5,328
1,474
3,663
191
6,518
2,115
4,675
1,370
3,124
181
6,968
2,085
4,769
1,372
3,209
188
7,626
2,321
4,710
1,289
3,229
192
8,090
2,339
4,776
1,315
3,267
194
7,905
2,535
5,052
1,451
3,419
182
8,217
2,312
5,176
1,490
3,497
189
8,502
2,394
5,228
1,474
3,563
191
10,735
8,319
8,431
112
2,416
2,377
1,797
1,831
34
580
2,548
1,954
1,980
26
594
2,556
1,945
1,964
19
611
3,254
2,623
2,656
33
631
2,705
2,051
2,075
24
655
2,846
2,173
2,206
32
672
2,847
2,164
2,194
30
684
2,517
1,938
1,984
46
580
2,610
2,016
2,043
27
594
2,697
2,086
2,103
17
611
2,911
2,279
2,300
21
631
2,855
2,200
2,233
33
655
2,906
2,234
2,270
36
672
2,993
2,309
2,339
30
684
24,331
2,858
6,168
3,310
21,471
4,111
3,835
1,564
2,357
4,787
4,817
6,583
651
1,453
801
5,931
1,628
972
440
564
1,135
1,192
5,514
726
1,523
797
4,788
540
934
388
579
1,153
1,194
6,008
699
1,491
792
5,310
1,010
937
365
597
1,205
1,196
6,227
782
1,702
919
5,445
934
992
370
618
1,295
1,236
7,426
807
1,598
791
6,619
1,787
1,162
405
640
1,345
1,280
6,550
923
1,786
863
5,627
588
1,302
431
658
1,394
1,254
7,303
1,082
1,992
910
6,221
1,116
1,305
448
669
1,390
1,293
5,974
677
1,491
814
5,297
994
972
440
564
1,135
1,192
5,973
722
1,542
820
5,251
1,003
934
388
579
1,153
1,194
6,078
717
1,501
784
5,362
1,062
937
365
597
1,205
1,196
6,306
743
1,634
891
5,564
1,053
992
370
618
1,295
1,236
6,766
837
1,639
802
5,929
1,097
1,162
405
640
1,345
1,280
7,057
916
1,803
887
6,140
1,101
1,302
431
658
1,394
1,254
7,388
1,111
2,009
898
6,277
1,172
1,305
448
669
1,390
1,293
73,073
16,158
18,984
21,167
16,764
16,886
20,579
22,162
18,538
17,798
18,142
18,596
19,368
19,360
19,089
6,181
1,702
4,883
3,042
1,671
170
8,679
2,062
5,005
3,022
1,799
184
10,598
2,347
4,923
2,895
1,837
191
6,654
1,761
4.830
2,882
1,753
195
6,499
1,855
4,936
2,849
1,894
193
9,493
2,180
5,181
2,956
2,019
206
11,043
2,705
5,290
3,010
2,072
208
8,092
2,037
5,033
3,042
1,816
175
7,643
1,903
4,995
3,022
1,788
185
8,084
1,902
4,826
2,895
1,741
190
8,293
2,031
4,787
2,882
1,714
191
8,448
2,232
5,109
2,849
2,060
200
8,418
2,026
5,170
2,956
2,009
205
8,547
2,203
5,181
3,010
1,966
206
25
26
27
28
29
30
Travel (table 1, line 20)
Passenger fares (table 1, line 21)
Other transportation (table 1, line 22)
Freight
Port services
Other
,
32,112
7,872
19,641
11,841
7,059
741
31
32
33
34
35
Royalties and license fees (table 1 line 23)
Affiliated net
U S affiliates' receipts
U S affiliates' payments
Unaffiliated
2,048
968
238
1,205
1,080
474
247
41
289
227
539
236
56
292
303
550
242
63
305
308
485
242
78
320
243
450
270
75
346
180
495
326
70
395
169
427
265
85
349
162
474
247
41
289
227
539
236
56
292
303
550
242
63
305
308
485
242
78
320
243
450
271
75
346
180
495
325
70
395
169
427
265
85
349
162
36
37
38
39
40
41
42
43
44
45
46
Other private services (table 1, line 24)
Affiliated services, net
U S affiliates' receipts
U S affiliates' payments......
Unaffiliated services
Education
..
Financial services
Insurance '
Telecommunications
Business, professional, and technical services
Other unaffiliated services 2
11,400
-694
3,028
2,334
12,094
555
1,656
2,781
4,264
1,646
1,192
2,918
18
628
646
2,899
133
342
727
1,002
389
306
2,699
-255
761
506
2,953
130
387
688
1,042
402
304
2,749
-245
765
521
2,994
131
435
677
1,086
413
252
3,034
-213
874
661
3,247
160
492
689
1,133
442
331
3,146
-169
775
605
3,315
147
489
735
1,186
426
332
3,230
-134
719
586
3,364
144
483
765
1,218
448
306
2,697
-114
801
687
2,811
145
492
236
1,248
423
267
2,902
18
628
646
2,884
135
342
727
1,002
389
289
2,718
-255
761
506
2,972
136
387
688
1,042
402
317
2,780
-245
765
521
3,026
140
435
677
1,086
413
275
3,000
-213
874
661
3,212
144
492
689
1,133
442
312
3,129
-169
775
605
3,297
147
489
735
1,186
426
314
3,251
-134
719
586
3,385
151
483
765
1,218
448
320
2,731
-114
801
687
2,845
155
492
236
1,248
423
291
See footnotes on page 46.
.
SURVEY OF CURRENT BUSINESS
34
December 1989
Table 4.—Selected U.S. Government Transactions
[Millions of dollars]
1988
Line
I
U.S. Government grants (excluding military) and transactions increasing Government assets, total
Al
1989
II
III
IV
I
IP
III"
17,691
4,936
3,923
3,689
5,142
3^35
2,963
4,702
10,377
3,185
7,192
2,233
994
1,239
1,928
681
1,247
2,288
705
1,583
3,928
807
3,122
2,340
929
1,411
1,857
584
1,273
2,557
1,007
1,550
7,579
1,314
5,733
75
457
2,808
279
2,425
-11
115
2,017
298
1,603
6
110
1,458
325
984
57
92
1,296
412
721
23
139
1,000
261
612
14
113
1,159
257
775
4
123
2,161
314
1,726
6
115
-265
-72
-105
-14
-22
-46
-57
9
-81
-21
-4
7
-52
-18
-16
-28
38
38
68
4
11
16
(*)
12
21
31
10
9
3
6
23
6
9
26
2
6
16
(*)
8
9
5
By category
Grants net (table 1 line 32 with sign reversed)
Financing military purchases '
....
Other grants
.
2
3
4
5
6
7
8
9
....
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
...
.
.
.
.
Foreign currency holdings and short-term assets net (table 1 line 44, 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 currencies disbursed for:
Grants and credits in the recipient's currency
..
Other grants and credits
.
.
.
Other U S Government expenditures
. .
Assets acquired in performance of U S Government guarantee and insurance obligations net . . . .
Other assets held under Commodity Credit Corporation Charter Act, net.
. . .
Assets financing military sales contracts, net 2
,
Other short-term assets (including changes in administrative cash holdings), net
10
11
12
13
14
15
16
17
18
19
20
21
22
23
6
1
1
3
1
5
7
.
4
(*)
3
(*)
(*)
(*)
1
6
.
218
-179
(*)
44
-171
(*)
77
-8
(*)
43
-1
(*)
53
1
(*)
40
9
(*)
48
6
(*)
45
8
(*)
-15
80
32
-65
-62
-20
-41
4
1,314
1,815
12,448
971
224
577
112
218
448
279
346
3,696
253
78
103
27
44
198
298
511
2,545
311
80
81
34
77
140
325
545
2,286
295
42
188
22
43
30
412
413
3,921
112
24
204
29
53
79
261
408
2,351
130
(*)
88
40
40
96
257
400
1,990
166
3
79
29
48
88
314
603
2,478
352
776
82
22
45
120
12,984
5,440
4,522
2,191
730
4,037
1,312
1,889
539
108
3,016
1,091
882
726
332
2,776
1,328
689
521
179
3,155
1,710
1,062
405
111
2,524
1,342
621
525
114
2,256
1,195
587
461
189
3,830
1,302
1,270
656
120
1,461
610
568
-2
431
237
108
-1
394
265
136
342
87
213
(*)
294
21
13
410
59
24
(*)
272
56
10
(*)
536
639
13
By program
Capital subscriptions and contributions to international financial institutions, excluding IMF
Under Agricultural Trade Development and Assistance Act and related programs
Under Foreign Assistance Act and related programs
Under Export-Import Bank A c t
. . . . . .
Under Commodity Credit Corporation Charter Act
24
25
26
27
28
29
30
31
32
,
,
.
Other foreign currency assets acquired (lines A13 A 14 and A 16)
Less foreign currencies used by U S Government other than for grants or credits (line A 19)
Other (including changes in administrative cash holdings) net
By disposition 3
Estimated transactions involving no direct dollar outflow from the United States
Expenditures on U S merchandise
33
34
35
36
37
38
39
40
41
42
.
5
Financing of military sales contracts by U S Government (line C6)
U S Government grants and credits to repay prior U.S Government credits ' ** 6
U S Government long- and short-term credits to repay prior U.S. private credits and other assets
Increase in liabilities associated with U.S. Government grants and transactions increasing Government assets (including
changes in retained accounts) 7 (line Cll).
Less receipts on short-term U.S. Government assets (a) financing military sales contracts, ' (b) financing repayment of private
credits and other assets, and (c) financing expenditures on U.S. merchandise.
Less foreign currencies used by U S Government other than for grants or credits (line A19)
,
43
44
Estimated dollar payments to foreign countries and international financial institutions
45
,
2
3
4
5
6
7
Receipts of principal on U S Government credits
Under Agricultural Trade Development and Assistance Act and related programs .
Under Foreign Assistance Act and related programs
Under Export-Import Bank Act
Under Commodity Credit Corporation Charter Act
.
Under other credit programs
8
Receipts on other long-term assets
..
. . . .
.
U S Government liabilities other than securities, total, net increase (+) (table 1, line 55)
Cl
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. '.
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 Government 5 (line A36)
By long-term credits
. .
By short-term credits '
By grants '
Less transfers of goods and services (including transfers financed by grants for military purchases, and by credits) ' * 8 (table
1, line 4).
11
Associated with U.S. Government grants and transactions increasing Government assets (including changes in retained
accounts) 7 (line A42).
12
13
14
15
Associated with other liabilities
Sales of nuclear material by Department of Energy
. . . . .
Sales of space launch and other services by National Aeronautics and Space Administration
Other sales a n d miscellaneous operations
.
. . .
See footnotes on page 46.
4
7
18
3
7
4
5
44
77
43
53
40
48
45
811
4,707
10^13
Repayments on U S Government long-term assets total (table 1, line 43)
Bl
31
218
9,855
451
7,716
1,440
126
122
456
899
1,031
911
125
392
377
10
6
119
913
1,987
707
872
1,166
3,402
4,714
1,865
853
2,829
1,049
90
404
501
52
1
3,290
113
2,835
293
45
5
4,603
122
4,085
269
18
110
1,750
57
1,331
332
28
2
741
40
357
323
17
3
2,713
146
1,663
504
397
4
907
116
112
110
115
112
116
-1,284
-304
-517
-232
-232
-304
417
-547
-1,280
10,396
-335
1,604
^05
1,381
-250
3,849
-211
3,562
-253
2,491
464
1,665
-595
2,035
3,489
376
2,191
730
184
-371
539
108
139
-152
726
332
1,417
606
521
179
1,749
293
405
111
1,145
-12
525
114
144
-499
461
189
563
96
656
120
1,461
10,002
431
2,665
394
2,604
342
2,597
294
2,136
410
2,135
272
2,017
536
2,627
-2
-1
(*)
(*)
-2
21
5
-27
32
-20
3
50
-51
-32
-36
17
-47
-51
(*)
(*)
-32
-8
-1
-24
18
46
-2
-27
-21
2
4
-27
48
60
(*)
-13
35
SURVEY OF CURRENT BUSINESS
December 1989
Table 5.—Direct Investment: Income, Capital, Royalties and License Fees, and Other Private Services
[Millions of dollars]
1988
I
II
1989
III
IV
11'
I
III"
U.S. direct investment abroad:
1
2
3
4
5
6
7
8
9
Income (table 1 line 12)
Income before capital gains/losses
.
Capital gains/losses (gains +* losses —) '
Earnings (net of withholding taxes)
Distributed earnings
Reinvested earnings
Interest (net of withholding taxes)
U S parents' receipts
U S oarents' payments
10
11
12
13
14
15
16
17
Capital (table 1 line 46)
Equity capital
Increases in equity capital 23
Decreases in equity capital
Reinvested earnings
..
Intercompany debt . . . .
.
U S parents' receivables
U.S parents' payables
18
19
20
Royalties and license fees (table 1, line 8)
U S parents' receipts ...
.
U S parents' payments
21
22
23
Other private services (table 1 line 9)
U S parents' receipts
U S parents' payments
.
.
.
. . .
.
. . . . .
.
.
.
. . .
.
48,264
48,408
-144
49,860
34,690
15,170
-1,596
2,052
-3648
12,115
11,256
858
12,561
8660
3901
-446
450
-896
10203
12,690
-2487
10,542
7821
2721
-339
540
-879
8649
11,233
-2585
9041
4552
4489
-392
508
-900
17,297
13,228
4069
17,716
13658
4058
-419
554
-972
8,922
12,435
-3512
9 165
5309
3856
-242
567
-809
8491
13 117
^626
8639
5020
3619
-148
690
-837
14,433
11,426
3,006
14578
5 113
9466
-145
694
-839
-17,533
5469
-8,655
14,124
-15,170
-7,831
-2,357
-5,474
-6,600
1,015
-2,628
3,642
-3,901
-3,714
-3,684
-30
-941
2,195
-1522
3,718
-2,721
-415
457
-873
-4,912
-294
-1902
1,608
-4,489
-128
-300
172
-5080
2,552
-2604
5,156
-4,058
-3,574
1,169
-4,743
-5592
3,205
-2048
5253
-3,856
-4,941
-3,391
-1,551
-8328
293
-3372
3665
-3619
-5002
-7023
2,021
-11087
-509
-3987
3478
-9,466
-1,112
-1,033
-79
8,319
8,431
-112
1,797
1,831
-34
1,954
1,980
-26
1,945
1,964
-19
2,623
2,656
-33
2,051
2,075
-24
2,173
2,206
-32
2,164
2,194
-30
2,858
6168
-3,310
651
1,453
-801
726
1523
-797
699
1 491
-792
782
1702
-919
807
1598
-791
923
1 786
-863
1 082
1992
-910
48264
7932
23319
17013
48,408
7,476
25,447
15,485
12115
2428
5269
4418
11,256
1,880
5,830
3,547
10203
1 630
4393
4 180
12,690
1,740
6,610
4,340
8649
1 778
4246
2625
11,233
1,739
6,186
3,308
17297
2096
9412
5789
13,228
2,117
6,821
4,290
8922
1 187
4815
2920
12,435
1,688
6,769
3978
8491
1 207
4030
3254
13,117
1,705
6,963
4449
14433
2216
7 197
5020
11,426
1,561
5,840
4025
5469
3381
797
1,290
-15,170
-45
-7266
-7859
-7831
-1 584
1,163
-7410
1,015
1496
282
-763
-3,901
-686
-973
-2242
-3714
-368
685
-4031
2,195
1 080
641
475
-2,721
-371
-542
-1 808
-415
-427
-205
216
-294
39
231
-564
-4,489
-752
-1 907
-1 830
-128
-425
1,277
-981
2552
766
-357
2,143
-4,058
1764
-3844
-1 979
-3574
-364
-595
-2615
3205
3 330
-534
410
-3 856
525
-2676
-1 704
-4941
-407
-2,660
-1 874
293
-467
1 221
-461
-3619
-182
-1 871
-1 567
-5002
-153
1,081
-5930
-509
1 363
965
-907
-9466
-612
-4894
-3960
_l'l!2
138
-16748
-15 882
-866
-11 830
-5270
-6560
-4918
-6240
1321
-3807
-3458
-349
-2710
-937
-1774
-1097
-1367
270
-4512
-4364
-148
-3378
-2021
-1 357
-1,134
-1 416
282
-4373
-4 114
-259
-3077
-995
-2083
-1 295
-1 633
337
-4056
-3947
-109
-2664
-1 317
-1 347
-1 392
-1 824
431
-3 170
-3207
37
-1 597
-1 389
-208
-1 574
-1 946
373
-4654
-4002
-652
-2 854
-1 047
-1 807
-1 801
-2 188
387
-4227
-3941
-286
-2399
740
-1 659
-1 828
-2306
479
58435
40362
43,644
-3,282
6,560
11,513
17747
-6,234
9616
9600
10,921
-1,322
1,774
-1,758
-847
-911
13885
9318
9,754
-436
1,357
3,210
4 189
-978
11 896
7938
8,678
-741
2083
1,876
4310
-2434
23038
13507
14,290
-783
1347
8,185
10095
-1 911
19 161
5*806
6,064
-258
208
13,147
12379
768
13267
7829
8280
-451
1 807
3631
2865
766
11 432
9010
9127
-116
1 659
By industry of affiliate: 4
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
Income (line 1)
Petroleum
Manufacturing
Other
Income before capital gains/losses (line 2)
Petroleum
Manufacturing
Other
Capital:
Equity capital (line 11)
.
.
Petroleum
Other
Reinvested earnings (line 14 or line 6 with sign reversed)
Petroleum
Manufacturing
Other
Intercompany debt (line 15)
Petroleum
Manufacturing
Other
...
-594
381
Foreign direct investment in the United States:
44
45
46
47
48
49
50
51
52
Income (table 1 line 27)
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
53
54
55
56
57
58
59
60
Capital (table 1 line 59)
61
62
63
Royalties and license fees (table 1, line 23)
U S affiliates' payments
U S affiliates' receipts
-968
-1205
238
-247
-289
41
-236
-292
56
-242
-305
63
-242
-320
78
-270
-346
75
-326
-395
70
-265
64
65
66
Other private services (table 1, line 24)
694
-2334
3028
-18
-646
628
255
-506
761
245
-521
765
213
-661
874
169
605
775
134
586
719
114
—687
801
-16 748
-2929
-7 172
-6647
-15 882
-3001
-5961
-6,920
-3807
-914
-1 460
-1 433
-3458
-877
-1 393
-1,188
-4512
-758
-1 986
-1 768
-4364
-784
-1 849
-1,731
-4373
-856
-1 815
-1 702
-4 114
-850
-1 438
-1,826
-4056
-401
-1 911
-1 743
3947
-490
1 282
-2,175
-3 170
-896
-1 354
-920
3207
-844
1 380
-983
—4 654
903
2 136
1 616
-4002
946
—1 850
-1 207
—4227
776
—1 988
1 463
3941
799
1 989
-1 154
40,362
866
17,573
21,923
6,560
696
4,030
1,834
11,513
-2,426
6,629
7310
9,600
21
2,027
7,552
1,774
565
815
394
-1,758
-1773
-627
642
9,318
164
5,836
3318
1357
-603
1371
589
3210
-342
3252
301
7,938
_2
3,220
4,719
2083
630
961
491
1,876
-14
646
1 244
13,507
683
6490
6334
1347
105
883
359
8185
-297
3358
5 124
5806
34
2932
2839
208
581
500
-873
13 147
1 151
5660
6336
7 829
229
3610
3990
1 807
631
1 127
49
3631
-638
1 125
3 144
9010
-6
7039
1 977
1 659
510
954
196
762
81
1 905
1 224
Increases in equity capital 23
Decreases in equity capital
Reinvested earnings
Intercompany debt
U S affiliates' payables
U S affiliates' receivables
...
.
...
. . . .
.
.
U S affiliates' receipts
762
2959
-2 198
349
85
By industry of affiliate: 4
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
Petroleum
Manufacturing
Other
Income before capital gains/losses (line 45)
Petroleum
Other
Capital:
Equity capital (line 54)
Petroleum
Manufacturing
Other
Reinvested earnings (line 57, or line 49 with sign reversed)
Petroleum
Manufacturing
Other
Intercompany debt (line 58)
Petroleum
Manufacturing
Other.
See footnotes on page 46.
.
,
. . . .
36
SURVEY OF CURRENT BUSINESS
December 1989
Table 6.—Securities Transactions
[Millions of dollars]
19 38
II
I
Al
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Foreign securities, net U.S. purchases (-), (table 1, line 47 or lines 2 + 11 below)
Stocks, net U.S. purchases
New issues in the United States
Of which Canada
23
24
25
26
27
Redemptions of U S -held foreign bonds 3
Western Europe
Canada
Other countries
International financial institutions2
28
29
30
31
32
33
Other transactions in outstanding bonds, net 3
Western Europe
Of which United Kingdom
Canada
3
4
5
6
7
g
9
....
.
..
.
1,333
-1,592
-3,047
-2,568
-5,737
-10,138
-716
1,216
-228
-1,181
-1,340
-4,054
-8,056
-286
-181
-612
-111
-529
-6276
1,502
-47
-569
-3,525
-3999
-3063
-200
1,057
-383
-1,780
-1390
-1079
-24
. . .
133
418
-34
265
1,296
-1,163
-3323
116
-1,364
-1366
-1,228
-1,683
-2,082
-2,115
-1048
-2051
-1 641
-1 584
-1 522
-1 639
-725
-156
-150
-1 553
-192
-745
-397
-299
-200
-793
-691
-100
-433
-396
-397
-296
-333
-728
-642
-342
-419
-174
-745
-692
-248
-793
-471
-137
-99
-156
-192
-506
-200
-147
-185
-296
-655
-496
2048
1,448
821
21
400
1 392
1 400
1 085
1 100
300
485
600
500
300
400
-5,343
-5,715
-5,876
-3,696
1,803
2265
-2,708
-2,840
-2,163
-951
-884
-1,265
-1,084
-989
-134
26,448
2,424
-476
,
-6,937
...
-6855
-2295
-1496
-2573
-491
-669
-949
-497
-1483
-2537
-1079
-250
-1,015
-491
-358
-1291
5261
1,747
1,981
1000
1,500
. . .
33
116
-224
-99
-450
-99
-263
-250
-216
500
84
-89
278
781
33
300
462
100
700
300
300
188
-374
53
-69
-496
-647
-496
-17
600
500
-1,044
-395
-1,867
-1,382
-1,246
-2,179
-2,153
-504
-1,544
-2,691
-2,783
-846
1,597
-314
-607
-583
-1,617
-1,873
-2,315
-1,149
1,302
9,699
7,454
6,871
8,665
9,676
11,082
-208
818
1,074
-2,160
-124
3,497
4,767
-3768
-1006
-758
-108
-1 896
-256
268
-2,326
-1,135
1,007
1,668
-416
-639
-100
-480
-172
-652
-778
-1,087
-1,458
-363
-574
1059
-923
-1,537
1,604
1931
1297
1937
-396
-332
2,115
-276
1,620
1 486
669
414
415
955
263
793
103
706
27
By area:
191
Of which Germany
Switzerland
United Kingdom
Canada
Japan. ...
Other
-30
-1,560
-961
^901
U.S. securities, excluding Treasury securities and transactions of foreign official agencies,
net foreign purchases (+), (table 1, line 61 or lines 2 + 10 below).
-30
574
660
45
551
332
-217
Other
-24
-1,229
-1032
-506
-103
-556
-9
533
78
,
Stocks, n e t foreign purchases
-716
198
521
,
,
III"
-4,539
443
New issues in the United States
By issuer:
Central governments and their agencies and corporations
Other governments and their agencies and corporations *
Private corporations
International financial institutions 2
II'
-909
-577
Bonds, net U.S. purchases .
I
-7,846
170
Other
By area:
Western Europe
Canada
Japan
Latin America
Other countries
International financial institutions 2
2
. . . . . . . .
Transactions in outstanding stocks, net
Western Europe
Of which United Kingdom
Canada
17
18
19
20
21
22
Bl
,
1989
IV
III
187
-4
-20
617
-101
-33
763
245
133
804
999
150
1,459
28
712
-53
139
730
65
914
523
1
396
10
Corporate and other bonds, net foreign purchases
26,924
2,632
8,881
6^80
9,031
8,789
6,179
6,315
11
12
13
By type:
New issues sold abroad by U.S. corporations
U S federally-sponsored agency bonds, net
Other outstanding bonds net
18,788
5,410
2726
2,626
4,957
2,448
1 476
4,803
6,402
1,769
4,598
3,307
5570
1,931
1 322
3,947
3,082
-298
16,773
1 341
2,251
437
-81
4,707
3,895
5,920
5063
459
3380
-209
13,442
1,761
3702
2971
5008
4290
5243
-200
-136
4762
2,328
1,661
1 530
-199
15
904
247
1 395
12,835
-1482
13564
14
15
16
17
18
19
20
21
304
889
688
860
884
714
By area:
Of which Germany
Switzerland
United Kingdom
Canada
Other countries
International financial institutions 2
701
..
7,642
2,363
.
84
525
599
586
68
416
3,017
555
-827
512
229
26,625
1,309
-103
-2,392
21,795
20,450
-162
6,510
331
39
(*)
1,772
594
119
-13
433
201
658
-76
200
263
520
-16
65
3250
309
938
293
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):
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 (table 9 line B4)
See footnotes on page 46.
.
.
-36
202
-7
-797
6,235
-410
5748
-5,346
572
-88
-420
3785
5,011
697
28
-765
6027
721
147
305
7272
-97
-250
847
190
-12
664
3 187
11 832
December 1989
37
SURVEY OF CURRENT BUSINESS
Table 7.—Claims on and Liabilities to Unaffiliated Foreigners Reported by U.S. Nonbanking Concerns
[Millions of dollars]
19 88
Line
1988
decrease in U.S. liabilities or increase in U.S. assets.)
Al Claims, total (table 1, line 48)
2
3
4
5
6
7
g
9
10
11
12
13
14
Financial claims
Denominated in U.S. dollars
Denominated in foreign currencies
By type: Deposits
Other claims '
By area' Industrial countries 2
Of which United Kingdom
Canada
Caribbean banking centers 3
Other
.
Denominated in U.S. dollars
15
16
17
18
19
.
Advance payments and other claims
countries 24
By area: Industrial
Members of OPEC
Other
,
Bl Liabilities, total (table 1, line 62)
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Financial liabilities
Denominated in U S dollars
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
By type* Trade payables
Advance receipts and other liabilities
countries 24
By area* Industrial
Members of OPEC
Other
See footnotes on page 46.
.
.
n
I
Amounts
1989
•
IV
ffl
II"
III
ing June
30, 1989
-1,684
-65
-6,443
255
4,569
1,835
-2,954
n.a
34 127
-577
-976
71
-142
-786
-2719
-2,708
257
5320
4,837
483
1 888
1,823
399
-5 826
-5,856
-11
na
n.a.
n.a.
22027
20,330
1,697
714
-1,291
1,867
-1,796
-6,802
976
-426
5,365
-45
946
942
-2,442
-277
na
n.a.
17023
5004
-481
-646
-425
-590
1,290
1 127
-803
156
468
28
-1402
-1 580
-264
-4340
56
281
-89
-7
1 099
-585
-192
-84
-6
425
974
3975
55
959
166
680
81
-434
-1675
-241
na
na
na
na
na
12268
7292
2611
8737
1022
-1,107
-1,126
19
-136
-294
-617
-567
397
534
-751
-799
-53
-57
-2
-235
-263
n.a.
na
na
12,100
11622
478
-1,105
-2
127
-303
n.a
158
30
229
-371
284
65
-50
-137
48
-91
-45
-697
345
52
-662
-89
-180
-577
-152
22
72
-56
-306
-552
6,558
2,846
2,962
-116
2,387
941
299
160
1,428
3,712
3,818
-106
-189
-240
-683
4395
-852
3522
-745
935
80
157
28
68
na
10793
1307
-75
-49
534
22
-653
-134
-78
-233
-159
-104
57
24
-111
na
na
na
7358
1 173
3569
1,565
-59
2,350
2,702
2,852
-361
n.a.
38,253
1,754
1,643
-417
-254
-163
856
972
653
607
52
1421
1205
-439
-462
216
23
na
na
na
16454
12692
3762
198
1959
1945
-574
-1 154
-1 322
na
na
na
na
14475
7799
1 198
781
111
870
341
-15
51
663
235
-911
487
-556
-344
-116
1,317
837
(*\
139
-363
358
498
1 494
1 454
-140
-98
6
-422
321
134
36
727
-12
78
567
1431
1438
40
2049
2/06
-57
-7
-489
na
na
• na
21 799
20,586
7,273
318
40
-290
1 784
141
514
917
-594
na
1 908
6227
15572
_1
256
103
1 444
1 844
-204
489
265
677
-511
-155
114
-64
409
672
744
n.a.
14335
9 144
5320
38
SURVEY OF CURRENT BUSINESS
December 1989
Table 8.—Claims on Foreigners Reported by U.S. Banks
[Millions of dollars]
1988
1 Total (table 1, line 49)
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
By type:
Banks own claims
Payable in dollars
.
By borrower:
Claims on:
own foreign offices
unafflliated foreign banks
other private foreigners
By bank ownership: *
U.S.-owned banks' claims on:
own foreign offices
unafflliated foreign banks
other foreigners . .
Foreign-owned banks' claims on:
own foreign offices
unafflliated foreign banks
other foreigners
.
.
. ..
. .
Payable in foreign currencies
Banks' domestic customers' claims
Payable in dollars
Deposits .
Negotiable and readily transferable instruments
Outstanding collections and other
Pavable i n foreign currencies
.
.
.
,
. . .
. . . . .
By area:
Industrial countries 3
Western Europe
Of which United Kingdom
Canada
Japan
Other
27
Caribbean banking centers 4
28
29
30
31
32
33
Other areas
. .
.
Of which Members of OPEC included below 3
Latin America
. .
Asia
Africa 6
. .
Other
.
.
....
.
. .
Memoranda:
1 International banking facilities' (IBF's) own claims, payable in dollars (lines 1-13 above)
By borrower:
Claims on:
own foreign offices
2
unafflliated foreign banks
3
4
all other foreigners
5
By bank ownership: 2
U S -owned IBF's
6
Foreign-owned IBF's
7
8
See footnotes on page 46.
1989
1988
(Credits +; decrease in U.S. assets. Debits -; increase in U.S. assets.)
Line
..
. ..
Amounts
outstanding Sept.
30, 1989
I
II
III
rv
I
IP
III''
-54,481
15,266
-12,602
-26,229
-30,916
-22,132
27,238
-20,702
-45,231
14,721
-14,069
-26,410
-19,473
16,465
23,953
-16,244
569,448
-30,414
15,728
-15,330
-17,652
-13,160
-12,792
13,943
-8,341
498,737
-31,788
-1,934
2,730
577
1,531
9,884
1,285
3,027
-7,423
-5,733
-784
-1,390
-14,854
-1,103
-1,075
-620
-11,042
-4,982
3,304
-440
-14,570
-661
-258
2,697
13,739
1,943
348
-2,087
-7,548
-2,639
712
1,134
265,568
131,031
61,924
40,214
-22,670
-982
-1,296
-1,696
2,068
1,434
7,906
-3,331
-1,815
-13,062
-1,288
-2,790
-15,818
1,569
1,875
-2,541
490
2,463
8,633
680
-1,911
-1,593
-2,043
2,474
117,351
48,204
58,126
-9,118
-951
4,603
3,227
7,817
2,878
-15,329
-2,402
-359
-1,792
185
1,095
4,776
-6,551
989
-12,029
-1,151
-24
5,106
1,263
172
-5,955
-596
-628
148,217
82,827
44,012
-14,816
-1,006
1,261
-8,758
-6,313
-3,673
10,010
-7,903
70,711
-9,250
-9,437
-4,597
1,324
-6,165
188
545
804
-1,318
3,377
-1,255
-259
1,467
1,661
167
-663
2,157
-194
181
-487
-548
3,086
-3,026
669
-11,443
-11,415
-2,898
-4,476
-4,041
-28
-5,667
-5,655
-3,795
739
-2,599
-12
3,285
3,632
930
2,931
-229
-347
-4,458
-2,622
-106
-2,269
-247
-1,836
54,712
52,154
11,259
24,286
16,609
2,558
^16,403
-14,145
-12,636
6,456
-39,563
849
10,173
10,090
6,151
3,543
-4,105
645
-20,340
3,938
-2,901
-2,014
-14,158
-230
-8,824
-1,938
-2,192
1,184
-8,602
532
-27,412
-18,359
-13,694
3,743
-12,698
-98
-17,786
-2,917
788
-603
-13,545
-721
31,151
4,726
6,972
3,652
22,372
401
-15,257
-970
-2,137
1,181
-13,449
-2,019
323,390
154,661
88,113
19,034
143,502
6,193
624,160
-5,721
296
9,456
-12,820
-2,653
-10,256
-867
-4,016
149,300
-2,356
-2,530
5,762
-7,882
-678
441
4,798
749
1,171
2,435
-144
1,335
-1,718
-789
1,326
-2,307
-248
-489
^,585
-1,962
1,285
-2,933
-19
-2,918
-851
-528
1,980
-5,077
-267
2,513
5,910
813
714
4,916
-217
497
-3,046
-900
2,643
-4,410
-10
-1,269
-1,429
-1,709
1,756
-3,422
9
228
151,470
23,701
86,875
53,146
4,529
6,920
-17,881
13,376
-9,910
-7,678
-13,669
-11,390
4,165
-4,835
272,880
-21,679
490
63
3,245
6,971
5,361
-531
1,575
-8,585
-1,738
53
360
-8,163
-1,061
882
664
-11,902
-2,072
-341
646
-7,734
-3,759
79
24
1,731
1,243
1,265
-74
-2,909
-2,362
126
310
111,057
93,881
46,155
21,787
-8,051
-9,830
3,622
323
13,053
4,398
1,605
-11,515
-880
-5485
-2,193
911
-4,494
-9,175
-807
-1,563
-9,827
2,395
-2,014
6,179
348
-351
-4,484
3,996
89,419
183,461
12,829
39
SURVEY OF CURRENT BUSINESS
December 1989
Table 9.—Foreign Official Assets and Other Foreign Assets in the United States Reported by U.S. Banks
[Millions of dollars]
1989
1988
1988
(Credits +; increase in foreign assets. Debits -; decrease in foreign assets.)
Line
Al
2
3
4
5
6
7
8
9
10
11
12
13
14
Foreign official assets in the United States (table 1, line 51)
By type:
U S Treasury securities (table 1 line 53)
.
Bonds and notes, nonmarketable
Other U S Government securities (table 1, line 54)
Other U S Government liabilities (table 1 line 55)
U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, line 56)
Banks' liabilities for own account payable in dollars '
Time deposits '
Other liabilities 2
Banks' custody liabilities payable in dollars ' 3
Other foreign official assets (table 1 line 57)
.
n
I
HI
IV
i
Ur
III"
Amounts
outstanding Sept.
30, 1989
38,882
24,631
5,895
-2,234
10,589
7,478
-5,201
11,246
334,305
41,683
14,834
26,625
224
1,309
-1,284
-331
-1,606
144
-3,058
1,308
1,275
-2,495
27,702
6,760
20,450
492
-162
-304
-1,772
-1,683
259
-1,052
-890
-89
-833
5,853
-367
6,510
-290
202
-517
774
920
-183
155
948
-146
-417
-3,769
1,566
-5,346
11
572
-232
1,703
1,073
-84
-89
1,246
630
-508
11,897
6,875
5,011
11
697
-232
-1,036
-1,916
152
-2,072
4
880
-737
4,634
-8,212
12,835
11
721
-304
1,974
767
-347
1,321
-207
1,207
452
-9,738
-8,267
-1,482
11
-97
417
3,620
3,914
202
-931
4,643
294
597
12,068
-1,507
13,564
11
190
-547
-1,117
-571
229
-840
40
-546
652
257,348
85,775
171,016
557
10,374
13,544
36,097
31,320
2,026
9,084
20,210
4,777
16,942
88,976
-11,209
35,913
26,713
37,559
21,851
-19,170
38,722
750,672
20,144
5,928
5,458
3,422
5,336
8,590
2,252
13,034
120,559
-1,651
21,795
-307
6,235
-290
5,748
-363
3,785
-691
6,027
1,318
7,272
-935
3,187
1,202
11,832
12,904
107,655
-1,533
20,774
903
-539
7,038
-571
-383
3,374
2,467
-243
4,788
-1,123
-368
5,574
130
-289
8,737
142
450
321
1,481
1,319
13,645
-1,930
9,077
106,444
5,038
68,832
60,068
44,506
-17,137
-23,834
-24,314
30,455
30,316
31,682
23,291
19,973
13,214
32,223
33,613
23,924
13,261
10,622
9,267
21422
-24,966
-17,178
25,688
23,235
19,158
630,113
570,352
497,792
40,402
-10,642
27,810
2,185
21,049
1,019
-13,709
19,890
294,479
-704
5,705
-897
-853
-9,471
-3,348
1,262
3,369
-759
-1,396
7,552
4,873
283
4,255
-1,663
882
4,501
2,865
-1,457
-4,053
2,041
80
4,981
-5,793
19,522
147,939
35,852
40,402
-3,604
7,883
-175
-10,642
-14,597
-973
1,898
27,810
754
1,993
1,125
2,185
7,877
3,955
-803
21,049
2,362
2,908
-2,395
1,019
7,803
18
427
-13,709
-7,961
4,762
-270
19,890
-183
-1,176
627
294,479
120,391
80,163
2,759
27,663
-246
4,409
-7,108
1,742
464
9,544
2
2,336
7,917
561
1,295
17,310
-2,551
314
-1,502
3,957
-1,153
-6,539
744
3,735
16,452
-3,718
-311
134,594
20,640
49,725
12,739
-3,358
3,299
-3,534
-16,339
461
18,266
752
782
-5,732
7,316
1,857
3,739
4,913
199
2,521
3,846
1,598
-7,170
-8,705
757
3,438
3,535
-238
159,885
99,751
33,197
15,562
480
-1,366
6,759
9,689
1,355
-7,788
4,077
72,560
8,764
573
6,697
1,253
139
1,668
3,318
996
-1,390
-8
2,639
-742
3,544
473
2,453
-880
59,761
10,983
41,178
15,573
-11,024
36,629
39,306
8,492
967
6,414
2,660
101
-683
-12,789
-13,768
-4,682
5,661
-672
2,252
-60
2,651
-1,679
-126
1,406
20,975
18,423
1,347
1,205
10,640
4,298
-763
237
18
314
3,729
12,809
2,152
-1,657
12,314
11,708
2,196
3,414
1,923
2,690
-198
-2,219
20,183
8,766
-6,032
17,449
17,630
-254
-1,624
1,603
1,631
111
-3,599
20,157
5,336
4,247
10,574
1,413
281
675
1,156
-1,794
-3
922
-27,614
1,650
-8,227
-21,037
2,692
5,752
1,032
183
4,291
128
1,150
20,915
5,741
1,143
14,031
16,755
1,052
-236
253
1,180
-62
-319
397,144
252,754
21,494
122,896
234,952
118,576
23,693
57,360
47,250
2,581
11,385
17,668
-16,842
14,073
8,249
12,188
15,915
-6,447
3,328
298,339
22,287
-3,842
-3,133
2,356
-1,407
-14,652
-1,172
389
12,784
487
379
423
-862
7,492
244
1,375
11,772
2,831
-2,584
169
9,268
4,044
2,125
478
297
-7,659
426
489
1,824
2,640
-1,206
70
152,987
103,285
13,746
28,321
8,761
8,908
-240
-16,602
-128
14,201
1,804
6,445
7,325
4,864
1,818
14,097
-673
-5,774
954
2,374
84,414
213,925
-901
14
425
-1,313
-27
-543
-316
-95
5,238
By area (see text table B):
Bl
2
3
4
5
6
7
8
9
10
Other foreign assets in the United States (table 1, lines 60 and 63)
U S Treasury securities (line 60)
.
.
By security:
Bills and certificates
By holder:
Foreign banks .. ...
Other private foreigners
International financial institutions4
U S liabilities reported by U S banks (line 63)
Banks' own liabilities '
Payable in dollars
By account:
Liabilities to own foreign offices
Liabilities to unaffiliated foreigners:
demand deposits
.
time deposits '
..
other liabilities 2
11
12
13
14
t
By holder:
Liabilities to:
15
16
17
18
unaffiliated foreign banks
other private foreigners
international financial institutions 4
By bank ownership: 5
U.S. -owned banks' liabilities to:
own foreign offices
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
.
other private foreigners and international financial institutions4
Foreign-owned banks' liabilities to:
own foreign offices
unaffiliated foreign banks
other private foreigners and international financial institutions4
Payable in foreign currencies
Of which negotiable and readily transferable instruments
By area:
Industrial countries6
Western Europe
Canada
Other
Caribbean banking centers 7
Of which Members of OPEC, included below
Latin America
Asia
Africa 9
Other
. . .
8
.
Memoranda:
1 International banking facilities' (IBF's) own liabilities, payable in dollars (in lines A9, and
BIO above).
2
3
4
5
By holder:
Liabilities to:
own foreign offices
unaffiliated foreign banks
foreign official agencies
other private foreigners and international financial institutions4
6
7
By bank ownership: s
U.S.-owned IBF's
Foreign-owned IBF's
8 Negotiable certificates of deposit held for foreigners ' (in lines A13 and B27 above)
See footnotes on page 46.
.
40
SURVEY OF CURRENT BUSINESS
December 1989
Table 10.—U.S. International
[Millions
European Communities (12) M
Western Europe
1988
(Credits +; debits -) '
Line
n
Exports of goods and services
2
2
Merchandise adjusted excluding military 3
3
4
Services 4
Transfers under U S military agency sales contracts
Travel
Passenger fares
Other transportation
5
6
7
. .
.
.. .
8
9
10
Royalties and license fees s 6
Other private services 6
U S Government miscellaneous services
11
12
13
14
Receipts of income on U S assets abroad
Direct investment
Other private receipts
U S Government receipts
. . . .
.
•
..
•
1989
III
IV
I
1988
U'
HI"
1988
II
III
159,467
37,231
36,389
47,689
42,039
43,934
47,476
135,790
31,320
31,115
86,414
22,110
19,927
22,825
24,501
25,211
23,852
74,510
19,015
17,202
73,053
3,532
15,121
823
16,462
907
24,864
764
17,538
970
18,723
751
23,624
1,191
61,280
2,585
'12,305
576
13,913
671
9,795
3,680
5,439
2,361
879
1,372
3,266
1,298
1,344
2,499
820
1,360
1,943
774
1,625
2,635
927
1,744
3,503
1,146
1,797
7,577
3,182
4,303
1,803
739
1,093
2,596
1,146
1,075
6,172
6,131
136
1,427
1,447
28
1,444
1,472
37
1,911
1,586
34
1,542
1,894
49
1,605
1,892
29
1,557
2,062
26
5,542
5,143
101
1,273
1,226
18
1,296
1,236
25
38,168
22,033
14,781
1,354
6,783
2,933
3,632
218
6,694
2,830
3,616
248
15,891
10,981
4,297
612
8,741
3,901
4,462
378
9,141
3,677
5,080
384
12,342
7,260
4,541
541
32,848
18,957
13,121
769
5,577
2,359
3,090
129
5,869
2,389
3,306
174
22
2
2
6
3
4
4
15
2
1
-194,735
-49,788
-48,753
-49,830
-47,998
-53,050
-52,237
-165,111
-41,995
-41,587
-102,200
-26,109
-23,908
-26,978
-25,054
-25,886
-24,653
-85,646
-21,686
-20,161
-92,535
-10,355
-23,679
-2,567
-24,845
-2,555
-22,852
-2,606
-22,944
-2,517
-27,164
-2,466
-27,584
-2,555
-79,465
-9,690
-20,309
-2,412
-21,426
-2,350
-11,004
-3,736
-6,449
-3,169
-1,042
-1,646
-4,309
-1,239
-1,580
-1,687
-770
-1,638
-1,842
-789
-1,716
-3,439
-1,126
-1,886
-4,536
-1,435
-1,923
-9,970
-3,127
-5,169
-2,903
-849
-1,331
-3,883
-1,024
-1,278
-1,349
-4,097
-588
-340
-959
-134
-339
-968
-137
-343
-1,147
-155
-349
-1,149
-140
-398
-1,239
-141
-312
-912
-145
-881
-3,399
-468
-221
-791
-105
-224
-815
-107
-54,958
-13,370
-29,008
-12,580
-13,822
-3,649
-6,961
-3,212
-13,719
-3,286
-7,371
-3,062
-14,506
-3,332
-7,896
-3,278
-14,442
-2,894
-8,204
-3,344
-16,469
-3,919
-8,929
-3,621
-15,767
-3,440
-8,425
-3,902
-46,761
-11,658
-25,300
-9,803
-11,697
-3,184
-6,079
-2,434
-11,745
-2,896
-6,439
-2,410
30 U.S. military grants of goods and services, net
-22
-2
-2
-6
-3
-4
-4
-15
-2
-1
31 Unilateral transfers (excluding military grants of goods and services), net
-34
39
47
-140
81
158
147
662
160
177
-520
-825
1,281
-112
-201
353
-72
-196
315
-212
-231
303
-26
-199
306
-5
-200
362
-9
-206
361
-142
-651
1,455
-68
-162
390
-19
-163
358
-28,765
2,498
-7,647
-23,521
-10,787
-9,648
-19,592
-30,567
-2,643
-8,906
-3,906
-214
-4,795
447
-3,534
-5,308
-2,185
-3,470
-154
-4,781
-3,906
-214
-4,795
447
-3,534
-5,308
-2,185
-3,470
-154
-4,781
888
-1,068
1,953
2
-233
-340
139
-31
-9
-249
226
15
1,106
-234
1,296
44
366
-186
550
2
-181
-338
178
-21
453
-134
586
1
-179
-660
486
-6
-82
-125
76
-33
-2
-142
121
20
-25,747
-3,335
-6,817
-1,433
-14,162
-2,052
3,949
20
-2,083
-3,938
-2,843
-454
-1,622
1,171
-1,937
-25,075
-4,668
-2,008
4
-18,403
-7,619
-3,737
-2,072
1,063
-2,873
-4,160
-2,123
-6,880
122
4,721
-17,860
-6,571
-10,313
n.a.
-976
-26,918
-4,439
-8,188
-1,131
-13,160
-2,407
3,633
-1,039
-1,939
-3,062
-4,123
-445
-1,915
1,116
-2,880
15 Transfers of goods and services under U.S military grant programs, net
16 Imports of goods and services
17
Merchandise adjusted excluding military 3
18
19
Services4
Direct defense expenditures
...
20
21
22
Travel
Passenger fares
Other transportation
23
24
25
Royalties and license fees s 6
Other private services 6
U S Government miscellaneous services
26
27
28
29
Payments of income on foreign assets in the United States
. .
Other private payments
,
U S Government grants (excluding military grants of goods and services)
U S Government pensions and other transfers
Private remittances and other transfers
.
32
33
34
35 U S assets abroad, net (increase/capital outflow (—))
.
36
37
38
39
40
U S official reserve assets net 7
. .
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
41
42
43
44
U S Government assets other than official reserve assets net
U S credits and other long-term assets
Repayments on U.S. credits and other long-term assets 8
U.S. foreign currency holdings and U.S. short-term assets, net
45
46
47
48
49
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
..
,
,
,
50 Foreign assets in the United States, net (increase/capital inflow (+))
51
52
53
54
55
56
57
Foreign official assets in the United States, net
U S Government securities
U S Treasury securities 9
Other to
Other U S Government liabilities n
.
U S liabilities reported by U S banks not included elsewhere
Other foreign official assets 12
58
59
60
61
62
63
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
,
62,835
27,954
8,291
30,503
26,889
11,183
31^35
61,170
28,201
6,272
75
-2,701
-5,464
3,717
-63
-2,938
10,062
8
( )
&
O(17)7)
(.8)
(18)
(18)
(18)
(18)
(18)
(")
(17)
(18)
(18)
(.8)
(18)
-613
-312
-106
-85
14,121
8,324
21,273
10,216
28,365
1?
(")
8,644
4,650
14,770
3,418
14,929
4,296
-505
15,871
4,505
2,066
18
-4,864
(.7)
(17)
(")
(17)
(")
-320
(17)
(")
(18)
(17)
(17)
-161
145
(")
O7)
62,759
29,824
30,655
9,018
13,754
5,573
26,787
12,574
3,950
-714
(")
3,787
2,217
(")
4,024
1,430
4,807
2,148
5,511
-1,358
5,317
n.a.
(17)
(17)
1,262
-12,938
11,673
-4,700
-10,223
7,423
-7,128
-1,943
-15,043
12,929
-15,786
-19,483
-35,269
-34,813
-35,332
-3,999
-8,558
-12,557
-12,405
-12,517
-3,981
-8,383
-12,364
-12,245
-12,317
-4,153
2,012
-2,141
-2,070
-2,282
-553
-5,407
-5,960
-5,853
-5,879
-675
-8,441
-9,116
-8,953
-8,958
-801
-3,960
-4,761
-4,606
-4,615
-11,136
-18,186
-29,322
-28,518
-28,660
-2,671
-8,004
-10,675
-10,447
-10,515
-2,959
-7,513
-10,472
-10,276
-10,295
(17)
,
,
8
(17)
-93
(lv)
(")
-395
.
I7
(17)
(17)
(17)
13,006
4,354
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
26,952
14,619
(17)
(17)
8
(17)
<::>
(17)
(17)
(
(18)
(17)
(18)
18
(18)
18
(18)
(18)
(18)
(18)
64 Allocations of special drawing rights
65 Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above items
with sign reversed).
66
67
68
69
70
Memoranda:
Balance on merchandise trade (lines 2 and 17)
Balance on services (lines 3 and 18)
Balance on goods and services (lines 66 and 67) 13
Balance on goods services and remittances (lines 68 33 and 34)
Balance on current account (lines 68 and 31) 13
See footnotes on page 46.
41
SURVEY OF CURRENT BUSINESS
December 1989
Transactions, by Area
of dollars]
European Communities(12) 14
II'
III"
Line
1988
1988
I
IV
1989
1988
1989
1988
1989
1988
European Communities(6) l5
United Kingdom
II
III
IV
I
II'
III"
II
III
IV
I
II'
III'
40,697
35,994
37,268
40,828
44,233
10,125
10320
13,212
11,291
11,931
13,235
75,313
17,072
17,081
23,035
19,893
21,157
23,015
1
19,657
21,273
21,625
20,362
18,042
4,679
4,202
4,737
5,084
5,098
5,166
48,014
12,056
11,050
12,726
13,564
14,166
13,124
2
21,040
518
14,721
772
15,643
567
20,466
909
26,191
470
5,446
83
6,118
106
8,475
94
6,207
116
6,833
143
8,069
121
27,299
1,061
5,016
260
6,031
317
10,309
253
6,329
304
6,991
317
9,891
458
3
4
1,896
710
1,092
1,476
642
1,350
2,055
771
1,432
2,808
1,050
1,477
2,643
1,219
878
622
298
225
833
402
215
760
296
223
533
285
301
855
369
392
955
403
405
4,021
1,676
2,478
938
376
618
1,413
642
622
955
342
623
776
301
760
931
341
770
1,469
572
799
5
6
7
1,716
1,315
25
1,395
1,558
41
1,430
1,599
24
1,404
1,750
21
1,351
2,413
22
317
565
1
322
560
11
405
613
2
298
742
16
344
831
15
316
853
3
3,705
2,113
57
841
515
9
868
530
11
1,139
543
17
943
633
18
925
605
8
934
649
15
8
9
10
13,768
9,713
3,779
275
7,489
3,104
4,100
285
7,766
2,975
4,491
300
11,047
6,437
4,150
459
17,196
8,636
8,510
50
3,335
1,339
1,995
1
3,669
1,523
2,145
1
6,083
3,551
2,484
48
3,916
1,210
2,705
1
3,885
985
2,899
1
5,013
2,302
2,710
1
12,188
7,528
4,209
451
1,460
390
989
81
1,628
481
1,066
82
6,437
5,067
1,188
182
2,594
1,151
1,261
182
3,094
1,399
1,438
257
4,995
3,319
1,298
378
11
12
13
14
-1
(*)
-14,685
-14,599
-15,144
-14,205
-16,616
-16,031
-94,936
-24,253
-23,537
-23,600
-22,709
-24,289
-24,634
16
3
3
2
2
-42,246
-40,383
-44,887
-44,489
-57,431
-22,557
-20,771
-21,568
-20,908
-17,680
-4,589
-4,154
-4,759
-4,233
-4,380
-4,573
-60,368
-15,325
-14,112
-15,650
-14,340
-14,829
-14,315
17
-19,689
-2,466
-19,612
-2,384
-23,319
-2,339
-23,581
-2,325
-39,751
-1,416
-10,096
-327
-10,445
-326
-10,385
-332
-9,972
-340
-12,236
-347
-11,458
-340
-34,568
-7,658
-8,928
-1,925
-9,425
-1,895
-7,950
-1,961
-8,369
-1,891
-9,460
-1,828
-10,319
-1,825
18
19
-1,568
-674
-1,344
-1,639
-675
-1,350
-3,151
-930
-1,529
-4,118
-1,189
-1,566
-3,324
-1,075
-1,343
-1,125
-284
-339
-1,200
-343
-345
-484
-257
-357
-561
-219
-348
-1,221
-316
-483
-1,265
-402
-495
-5,652
-1,496
-2,693
-1,478
-409
-696
-2,259
-491
-649
-938
-313
-687
-950
-342
-712
-1,604
-449
-753
-2,398
-571
-776
20
21
22
-260
-966
-107
-319
-1,028
-110
-239
-753
-113
-339
-1,966
-73
-80
-467
-17
-90
-460
-17
-94
-560
-17
-86
-573
-19
-152
-596
-20
-76
-438
-20
-521
-1,164
-289
-136
-263
-62
-129
-279
-63
-129
-282
-75
-169
-324
-64
-161
-355
-71
-157
-241
-71
23
24
25
-12,232
-2,455
-7,101
-2,676
-13,913
-3,324
-7,715
-2,874
-13,278
-2,877
-7,240
-3,161
-30,216
-7,259
-19,810
-3,147
-7,458
-1,884
-4,829
-745
-7,664
-1,864
-5,045
-755
-8,283
-2,027
-5,338
-918
-7,827
-1,437
-5,431
-959
-9,101
-2,180
-5,907
-1,014
-8,423
-1,759
-5,487
-1,177
-15,095
-4,217
-5,098
-5,780
-3,959
-1,262
-1,169
-1,528
-3,660
-984
-1,293
-1,383
-3,566
-785
-1,405
-1,376
-3,918
-997
-1,517
-1,404
-4,239
-1,084
-1,635
-1,520
-4,281
-1,079
-1,588
-1,614
26
27
28
29
1
(*)
160
119
111
118
127
498
126
100
119
176
175
31
-1
-25
185
-1
-25
145
-26
137
-26
144
-25
153
-17
-378
893
-11
-95
231
(*)
-94
195
-5
-95
218
149
_j
-98
247
-1
-98
275
_1
-98
274
32
33
34
-228
-925 ,
-124
-12,361
-2,885
-6,874
-2,602
15
(*)
-3
-3
-2
-2
128
182
231
231
540
-52
-163
344
-6
-170
359
-2
-170
403
-5
-169
405
-3
-97
640
148
_j
-24
173
-22,448
-9,429
-8,290
-19,752
-24,017
-4,943
-4,911
-15,580
-3,371
-738
-14,840
-4,668
1,528
-3,331
-5,697
-5,281
-6,798
-4,861
35
743
-3,527
-5,524
-2,168
-3
-1
-1
-1
-1
-1
-1
-3,467
-153
-4,780
744
-3,526
-5,523
-2,167
743
-3,527
-5,524
-2,168
-3
-1
-1
-1
-1
-1
-1
-3,467
-153
-4,780
744
-3,526
-5,523
-2,167
36
37
38
39
40
-6
-204
161
37
343
-90
434
(*)
-75
-107
45
-12
65
-52
115
2
96
-5
(*)
104
5
-3
5
51
-13
31
43
9
6
13
107
-10
-5
(*)
107
-3
5
-3
5
52
-1
12
-26
14
18
12
31
14
-5
12
-7
15
-2
41
42
43
44
-23,185
-4,507
-2,540
284
-16,422
-6,245
-3,404
-1,766
836
-1,911
-2,691
-1,874
-6,643
-13
5,839
-17,649
-6,950
-9,997
n.a.
-702
-24,111
-4,627
-6,072
-776
-12,636
-4,937
67
-486
-1,617
-2,901
-4,910
-2,466
-1,275
1,023
-2,192
-15,683
296
-2,680
395
-13,694
-3,375
-2,241
-2,869
947
788
-733
-2,417
-5,394
106
6,972
-14,844
-4,071
-8,636
n.a.
-2,137
-1,252
1,481
-2,244
-216
-274
1,694
3,586
-1,073
-284
-535
1,418
2,142
-452
98
-370
-6,484
-4,143
395
3
-2,738
-1,763
-626
1,179
-131
-2,185
-1,281
758
-834
-138
-1,067
-2,707
-2,525
-619
n.a.
437
45
46
47
48
49
28,866
25,051
6,228
31,074
40,598
23,660
9,948
14,880
20,676
1,740
18,951
7,807
218
-7,274
11,050
4,557
4,284
9,734
50
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(it)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
51
52
53
54
55
56
57
0")
O(188))
0")
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(.8)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
190
-302
105
-472
-19
20
-7
95
-96
-12
9
16
34
80
-24
12
-219
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(IS)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
0")
(18)
(18)
(18)
(18)
(18)
(,8)
7,333
10,436
(18)
(,8)
4,370
683
12,048
13,892
O8)
5,970
2
,
0
97
18
3,394
-4,997
-11,416
9,450
-2,900
1,351
-1,549
-1,369
-1,421
502
-4,891
-4,389
-4,200
-4,207
57
-7,676
-7,619
-7,386
-7,388
18
5,852
-1,503
-5,559
18
5,197
n.a.
15,913
(18)
(18)
(.8)
(18)
11,575
(18)
18
(18)
(18)
(18)
30
(*)
18,774
(18)
12,307
1,721
7,815
3,530
-339
15,218
18
2,963
8,012
(18)
(18)
3,734
1,146
2,1 12
(18)
(18)
(18)
5,231
(,8)
3,921
-124
2,976
10,621
(18)
5,020
2,480
2,652
(18)
(18)
(18)
(18)
2,093
7,026
8,742
3,330
(18)
(18)
(18)
5,821
-1,379
-4,783
5,365
n.a.
6,551
2,326
1,410
-4,687
(18)
(18)
-42
(18)
1,651
742
-172
-3,640
678
914
-10,551
(18)
(18)
(18)
(18)
2,900
2,932
5,105
(18)
3,429
0")
(18)
(18)
438
552
7,081
(18)
786
-355
1,217
-350
-145
-338
(18)
-514
n.a.
7,037
58
59
60
61
62
63
18
18
-7,892
-3,922
-14,306
-918
2,513
-14,502
3,566
-1,442
15,987
5,309
16,961
-4,907
3,391
5,470
-3,428
65
-546
-3,115
-3,661
-3,425
-3,430
362
-13,560
-13,198
-12,655
-12,658
90
-4,649
-4,559
-4,410
-4,412
48
-4,327
-4,279
-4,119
-4,119
-22
-1,910
-1,932
-1,812
-1,813
851
-3,765
-2,914
-2,803
-2,803
718
-5,404
-4,686
-4,568
-4,568
593
-3,389
-2,796
-2,669
-2,669
-12,354
-7,270
-19,624
-19,109
-19,125
-3,269
-3,911
-7,180
-7,044
-7,055
-3,062
-3,394
-6,456
-6,355
-6,356
-2,924
2,359
-565
-442
-447
-776
-2,040
-2,816
-2,667
-2,668
-663
-2,469
-3,132
-2,955
-2,956
-1,191
-429
-1,620
-1,444
-1,444
66
67
68
69
70
18
18
18
18
18
18
18
18
18
18
18
64
42
SURVEY OF CURRENT BUSINESS
December 1989
Table 10.—U.S. International
[Millions
Ea >tem Europ B
Line
(Credits +; debits -) >
n
1 Exports of goods and services 2
Merchandise, adjusted excluding military 3
2
Canada
.
.
IS>88
1989
1988
IV
HI
II'
I
III
II
III"
4,402
1,181
712
1,185
1,876
2,024
99,282
25,667
23,271
3,796
1036
552
1018
1702
1 823
652
73540
18807
16924
606
(*)
145
160
167
(*)
174
(*)
201
754
25,742
6,860
6,347
197
75
32
1,406
3
4
Transfers under U.S military agency sales contracts •
5
6
7
Travel
Passenger fares
Other transportation
179
38
59
53
42
57
82
3976
1 110
1 061
108
29
22
23
20
35
36
664
1,035
165
2/M
141
252
g
q
10
Royalties and license fees 5 '
Other private services6
,
U.S. Government miscellaneous services
32
123
10
g
29
1
9
31
5
9
32
3
9
36
2
9
31
2
9
34
3
3,181
33
193
770
10
199
781
10
11
1?
Receipts of income on U.S. assets abroad
Direct investment
Other private receipts
U.S. Government receipts
,
154
40
34
47
65
67
590
130
24
27
13
31
3
44
3
62
3
63
4
65
525
15,867
8,954
6,882
4295
2616
1678
3872
2074
1,783
n
14
..
.
790
31
1
15
15 Transfers of goods and services under U.S. military grant programs, net
16 Imports of goods and services
17
Merchandise, adjusted, excluding military 3
18
19
Services 4
Direct defense expenditures
20
21
22
Travel
Passenger fares
Other transportation
23
24
25
Royalties and license fees 5 6
Other private services'
26
27
28
29
Payments of income on foreign assets in the United States
Direct investment
Other private payments
U S Government payments
,
,
,
-2,740
-774
-702
-643
-648
-650
-746
-95,833
-25,201
-23,162
-2,165
-626
-477
-548
-560
-490
-520
-84,400
-22 455
-19,631
-575
-148
-225
-160
-226
-11,433
-249
2746
-3,531
-776
-3
-1
-1
-95
-1
-88
-1
-12
-15
-71
-1
-48
-72
-244
-65
-171
-45
-31
-40
-29
-40
-39
-3,241
-241
-716
-76
-40
-18
-9
-19
-11
-20
-11
-20
-10
-21
-9
-21
-11
-225
-1,650
-114
-345
-28
-40
-42
-10
-12
-11
-13
-18
-20
-41
-9
-1
-12
-11
-13
-18
-20
-4997
-1,082
-2615
1 300
-1 225
-277
-642
-306
-1 159
-138
-668
-353
-55
-38
-38
-41
-337
-69
-105
-5
-36
-318
-19
-79
10
-80
-26
-1,031
-3798
-2,427
79
39
20
50
29
23
16
14
5
.
-151
-134
-73
-173
-78
-1,528
-88
-179
-75
-390
30 U.S. military grants of goods and services, net
31
-42
-40
-9
-6
-1
-20
-147
-3
-33
-5
-34
-6
-49
-6
32
-4
-34
-1,103
-165
95
-1,142
258
126
141
83
12
34
7
39
110
31
67
16
6
6
28
7
5
2
28
U
83
-1 176
251
87
-9
86
g
1
-80
-6
-43
300
-2
29
60
-176
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
34
,
.
35 U S assets abroad net (increase/capital outflow (—))
36
37
38
39
40
U S official reserve assets net 7
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
41
42
43
44
U S Government assets other than official reserve assets net
U S credits and other long-term assets
Repayments on U S credits and other long-term assets *
U S foreign currency holdings and U S short-term assets net
45
46
47
48
49
U S private assets net
Direct investment
Foreign securities
U.S. claims on unafflliated foreigners reported by U.S. nonbanking concerns
.
..
-1,244
,
50 Foreign assets in the United States, net (increase/capital inflow (+))
51
52
53
54
55
56
57
Foreign official assets in the United States net .
..
U S. Government securities
U S. Treasury securities 9
Other lo
Other U S Government liabilities "
U S liabilities reported by U S banks not included elsewhere
Other foreign official assets 1Z
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 unafflliated foreigners reported by U.S. nonbanking concerns
U S liabilities reported by U S banks not included elsewhere
-248
-23
-74
1 147
62
63
-885
.
-78
-170
327
201
(18)
(18)
(18)
(18)
(J8)
18
18
1S
( )
(*)
(18)
(*)
(18)
(18)
<
('")
(18)
(18)
(18)
(18)
(*)
(\8
285
(18)
('")
(18)
(18)
(18)
(")
0")
99
(18)
18
(")
(18)
451
(*)
1 110
-4 101
-3754
-3 837
-1 046
-743
353
289
-34
6456
2014
-2447
2217
-825
-589
1 ig4
32
473
-1666
4812
1,599
(18)
(18)
,8
,8
4606
2772
-705
(")
(*)
(")
-16
n
(")
-47
O8)
(18)
-361
-8
na
(*)
(18)
(18)
O8)
(*)
(18)
(18)
(18)
C8)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
2
_2
98
10
6
18 Ifi
7
2
5
-8
207
9
js _294
18 Ig5
32
18
69
-709
^toi
215
370
-1,548
-1,495
1,631
410
75
470
1 142
1 333
132
72
542
488
487
86
41
1228
1 190
1 190
1 374
1337
1337
528
660
619
619
.
21
108
.
-280
-1 097
524
-975
18
198
18
n.a.
18
466
(17)
,7
(17)
(17)
-6272
2,847
(17)
1 707
198
(17)
(17)
(17)
(17)
2039
(17)
,7
(")14
(17)
(17)
-894
407
495
565
245
(17)
-280
(17)
(17)
23
(17)
64 Allocations of special drawing rights
65 Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above items
with sign reversed).
Memoranda:
66 Balance on merchandise trade (lines 2 and 17)
67 Balance on services (lines 3 and 18)
68 Balance on goods and services (lines 66 and 67) "
69 Balance on goods, services and remittances (lines 68 33 and 34)
70 Balance on current account (lines 68 and 31) "
See footnotes on page 46.
30
1,661
1,494
1,486
_3
407
371
365
-65
10
-29
-30
-207
-415
-1,411
4,022
-10860
14310
3450
3 113
3 113
-3648
4 114
-2707
2816
466
398
398
109
4
4
43
SURVEY OF CURRENT BUSINESS
December 1989
Transactions, by Area—Continued
of dollars]
I
1989
1988
1989
IV
Japan
Latin American Republics and Other Western Hemisphere
Canada
1988
II'
III*
1988
II
III
IV
I
Line
1989
1988
1988
Ur
III"
II
III
IV
I
II'
III"
24,562
26,552
28,893
24,742
81,867
19,693
21,569
21,869
22,709
23,399
24,692
62,863
15,089
15,990
17,042
17,788
18,269
19,271
1
18,715
20,253
22,253
18,260
43,624
10,630
11,318
12,075
11,865
12,058
12,184
37,148
9,226
9,590
9,592
10,267
11,173
11,147
2
5,847
27
6,299
39
6,640
30
6,482
80
38,243
304
9,063
62
10,251
111
9,794
71
10,844
49
11,341
66
12,508
90
25,715
309
5,863
49
6,400
52
7,450
91
7,521
66
7,096
64
8,124
79
3
4
794
174
287
1,285
211
262
1,326
181
288
1,227
160
291
6,288
1,393
2,851
1,412
327
657
1,868
392
775
1,662
378
705
1,689
336
717
1,703
331
685
2,145
385
725
4,926
1,861
2,753
1,109
470
665
1,418
566
724
1,247
393
708
1,380
542
659
1,437
576
716
1,647
755
730
5
6
7
216
790
8
188
877
6
240
845
13
220
925
13
295
3,950
119
74
919
29
70
950
40
88
1,019
27
70
1,184
33
77
1,102
28
94
1,157
27
2,420
2,130
31
603
524
3
581
569
22
715
525
4
634
580
7
629
596
3
660
621
7
8
9
10
3,551
1,743
1,808
(*)
3,432
1,606
1,812
14
3,718
1,873
1,845
(*)
3,566
1,724
1,830
12
23,044
4,617
17,832
594
6,045
1,178
4,683
184
2
5,844
815
4,920
109
7,349
1,277
5,998
73
4
7,886
2,262
5,435
189
4
2,441
713
1,721
7
2,469
322
2,139
8
3,768
1,195
2,531
42
3,654
505
3,125
24
3,075
-113
3,138
50
3,625
644
2,909
73
11
12
13
14
10
6,765
1,096
5,521
149
5
11,285
3,270
7,949
66
18
5,583
1,325
4,145
113
1
-24,129
-24,753
-26,466
-23,754
-88,205
-21,280
-22,561
-22,987
-24,891
-26,488
-25,445
-112,734
-27,179
-28,326
-31,416
-28,986
-30,034
-29,768
16
-21,540
-22,636
-23,519
-20,189
-51,421
-12,761
-12,932
-12,965
-13,460
-14,961
-14,421
-89,760
-21,501
-22,242
-25,164
-22,828
-23,398
-23,376
17
-2,589
-59
-2,117
-52
-2,947
-60
-3,565
-60
-36,784
-236
-8,519
-50
-9,629
-68
-10,022
-64
-11,431
-112
-11,527
-79
-11,024
-85
-22,974
-1,955
-5,678
-503
-6,084
^t79
-6,252
-512
-6,158
-482
-6,636
-420
-6,392
-432
18
19
-559
-42
-192
-365
-65
-148
-828
-56
-174
-1,511
-89
-183
-9,206
-1,544
-2,132
-2,140
-377
-527
-2,413
-386
-528
-2,344
-338
-480
-2,676
-461
-538
-2,407
-427
-495
-2,581
-433
-498
-1,793
-465
-3,676
-586
-136
-860
-391
-126
-967
-426
-114
-950
-408
-99
-916
-637
-139
-927
-405
-136
-961
20
21
22
-33
-379
-26
5
-428
-19
8
-416
-36
12
-406
-36
-9
-3,391
-303
-2
-855
-75
-3
-813
-94
-2
-872
-73
-2
-1,101
-79
-1
-943
-81
(*)
-695
-78
-361
-628
-99
-90
-156
-28
-91
-149
-31
-97
-180
-21
-100
-1
-22
-100
-162
-18
-124
-210
-19
23
24
25
-1,299
-250
-687
-362
-1,045
-72
-610
-363
-1,384
-288
-696
-400
-1,292
-362
-562
-368
-19,963
-893
-17,931
-1,139
-5,324
-238
-4,756
-330
-5,849
-217
-5,288
-344
-6,655
-14
-6,243
-398
-13,999
-1,478
-5,347
-7,174
-3,320
-438
-1,203
-1,679
-3,848
-608
-1,374
-1,866
-3,951
-315
-1,616
-2,020
-4,130
-165
-1,802
-2,163
-4,234
-156
-1,846
-2,232
^,106
-355
-1,760
-1,991
26
27
28
29
-2
-10
-6,463
-105
-6,009
-349
-5
-7,094
-208
-6,505
-381
-18
-4,493
-216
-4,051
-226
-1
-4
-4
-73
-89
-84
-97
-3,046
-712
-713
-906
-772
-722
-944
-103
-15
-31
-21
-40
-19
-35
31
-80
8
-77
-12
-85
(*)
-84
-13
-1,618
-467
-961
-379
-109
-224
360
-101
-252
-510
-159
-238
-425
-96
-251
-392
-96
-234
-567
-108
-269
-29
-74
-2
-12
-9
-22
-9
-12
-9
-31
-9
-11
-9
-26
32
33
34
4,524
-1,741
1,306
-1,363
-3,863
5,508
-13,449
4,109
-10,016
-2,319
-5,902
-41,939
-13,496
-10,731
-13,032
-13,622
15,440
-13,866
35
-17
160
-48
-402
450
-1,243
-1,142
-156
-2,752
1,392
-192
-7,146
-2,694
36
37
38
39
40
11
15
-17
160
-48
-402
450
-1,243
-1,142
-156
-2,752
1,392
-192
-7,i46
-2,694
-24
-326
210
92
117
-200
326
-9
52
-221
214
59
44
-367
411
3
(*)
3
(*)
(*)
-1
-3
-99
-337
298
-60
8
15
1
4
-204
233
-25
4
4
(*)
(*)
-1
3
1
1,309
-797
-1,042
-504
3,652
-1,378
-1,439
-1,120
n.a.
1,181
-3,608
-4,579
1,213
-270
28
5,344
-2,090
1,150
-4,497
10,781
-13,350
-1,565
(*)
-239
-11,546
4,181
896
-119
4,074
-670
-9,731
-1,471
424
849
-9,533
-2,821
-2,608
-142
-1,834
1,763
-4,702
-2,252
-107
n.a.
-2,343
-40,806
-1,976
507
227
-39,563
-13,343
-347
703
460
-14,158
-7,979
537
71
15
-8,602
-14,427
-1,495
-35
-199
-12,698
(*)
-13,430
179
150
-213
-13,545
-8,164
904
56,669
12,473
15,762
22,163
4,321
5,424
22,056
86,325
14,855
21,331
26,239
15,178
-21,720
13,357
50
-542
-652
(
")
(17)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(.8)
(18)
(18)
(18)
(.8)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(!•)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
50
-54
-40
(.8)
(18)
(18)
(18)
11
(18)
25
(18)
(18)
41
(18)
(18)
219
110
(18)
248
-43
-80
(18)
(18)
82
(18)
(18)
267
51
52
53
54
55
56
57
16
iT
15
1
4,514
315
-522
978
3,743
-1,756
283
-1,477
41
-603
-4,117
5,270
577
I7
(
)
(17)
30
-238
-1,216
1,019
-41
-3
-455
15
-T
'(*)'
22,586 -11,171
-1,518
628
1,972
1,650
n.a.
-240
22,372 -13,449
41
42
43
44
45
46
47
48
49
(17)
(17)
(17)
(17)
(17)
<">
(18)
17
(
")
(IT)
4
(")
(17)
10
-37
-63
(17)
(17)
(17)
(17)
(18)
(18)
-3,662
1,061
(")
913
396
4,693
-26
-7,622
752
1,555
378
5,899
(17)
(17)
(17)
(18)
585
-15
-113
-131
34
n.a.
(17)
(17)
(17)
(17)
-768
-5,239
4,515
-433
-43,422
-15,683
-<509
-24,248
8,650
706
-14,456
5,590
10,746
1,767
1,187
9,681
18,064
11,042
65
-2,825
3,258
433
360
360
-2,383
4,182
1,799
1,710
1,710
-1,266
3,693
2,427
2,343
2,343
-1,929
2,917
988
891
891
-7,797
1,459
-6,338
-7,767
-9,385
-2,131
544
-1,587
-1,919
-2,298
-1,614
622
-992
-1,345
-1,705
-890
-228
-1,118
-1,515
-2,025
-1,595
-588
-2,183
-2,529
-2,954
-2,903
-186
-3,089
-3,419
-3,811
-2,237
1,483
-754
-1,131
-1,698
-52,612
2,740
-49,872
-49,975
-49,975
-12,275
185
-12,090
-12,104
-12,104
-12,652
316
-12,336
-12,367
-12,367
-15,572
1,199
-14,373
-14,394
-14,394
-12,561
1,364
-11,198
-11,238
-11,238
-12,225
460
-11,765
-11,784
-11,784
-12,229
1,731
-10,498
-10,532
-10,532
66
67
68
69
70
(17)
(")
(17)
(18)
(18)
18
2,992
562
47,279
18
409
234
12,073
2,906
1,005
(.8)
(18)
18
915
-448
14,344
(18)
(18)
1,401
(18)
1,637
(18)
(18)
(18)
-293
(")
(18)
18
913
349
18,035
2,825
-391
475
18
18
1,458
1,227
1,078
18
(")
(18)
(18)
(18)
(18)
(18)
-38
17,838
(18)
(18)
1,619
n.a.
20,434
18
9,310
761
58, 197
18
(18)
(18)
(18)
(18)
(«)
(")
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
5,078
(18)
4,339
4,542
2,624
2,229
(18)
(18)
(18)
558
(18)
(18)
4,475
169
5,023
18
1,905
311
14,528
18
1,405
215
20, 120
18
123
297
12,213
18
1,732
-233
-25,530
18
2,557
n.a.
9,975
58
59
60
61
62
63
64
44
SURVEY OF CURRENT BUSINESS
December 1989
Table 10.—U.S. International
[Millions
Australia
(Credits +; debits -) !
Line
n
1 Exports of goods and services 2
2
Merchandise, adjusted, excluding military 3 . ..
3
4
Services 4
Transfers under U.S. military agency sales contracts
5
6
7
Travel .
.
Passenger fares
Other transportation
.
.
.
.
56
Royalties and license fees
Other private services 6
U S Government miscellaneous services
11
12
13
14
Receipts of income on U S assets abroad
Direct investment
Other private receipts
U.S. Government receipts
I
IV
III
III'
IP
13^43
3,271
3,295
4,283
2,847
2,956
4,108
6804
1,529
1,736
2,204
1,796
1,972
2 347
6539
967
1,742
235
1,559
293
2079
242
1051
112
984
105
1761
225
702
481
238
142
124
62
215
144
56
210
144
58
188
121
50
178
152
63
248
169
65
315
486
5
72
115
80
121
(*)
103
127
4
78
132
(*)
86
127
(*)
96
137
1
3345
2,862
474
10
991
893
95
3
651
531
118
2
1 191
1,068
120
3
369
229
139
2
273
99
172
3
822
651
169
2
-6,011
-1,419
-1,553
-1,620
-1,475
-1,719
-1,703
-3,516
-899
-792
-856
-863
-957
-956
-2,495
-54
-520
-10
-761
-17
-764
-12
-612
-14
-762
-10
-747
-11
-781
-331
-420
-150
-77
-106
-237
-95
-98
-234
-84
-101
-141
-71
-113
-163
-66
-120
-249
-117
-122
3
126
-34
3
-32
-5
_1
-32
-5
2
30
-13
1
-46
-11
(*)
-32
-9
2
-29
-11
-752
-120
-179
-453
-144
-18
-39
-87
-275
-83
-49
-143
-292
-90
-51
-151
-218
-27
-57
-134
-363
-126
-68
-169
-210
23
-77
-156
-75
-16
-20
-20
-19
-18
-19
-18
-56
-5
-12
-5
-15
-5
-16
-5
-14
-5
-13
-5
-14
-1,229
-1,149
58
-1,152
146
-4,209
.
.
.
g
9
10
1989
1988
.
15 Transfers of goods and services under U.S. military grant programs, net
16 Imports of goods and services
17
Merchandise, adjusted, excluding military 3
18
19
Services4
Direct defense expenditures
,
..
.
20
21
22
Travel
Passenger fares
Other transportation
..
23
24
25
Royalties and license fees s '
Other private services *
U S Government miscellaneous services
26
27
28
29
Payments of income on foreign assets in the United States
Direct investment
Other private payments
U S Government payments
.
..
.
.
.
.
30 U S. military grants of goods and services, net
31 Unilateral transfers (excluding military grants of goods and services), net
32
33
34
35 U S assets abroad, net (increase/capital outflow (—))
36
37
38
39
40
U S official reserve assets net 7
Gold
Special drawing
rights
Reserve position in the International Monetary Fund
Foreign currencies
41
42
43
44
U.S. Government assets, other than official reserve assets, net
45
46
47
48
49
,
U S Government grants (excluding military grants of goods and services)
U S Government pensions and other transfers
Private remittances and other transfers
.
Repayments on U.S. credits and other long-term assets 8
U S. foreign currency holdings and U.S short-term assets net
.
.
31
6
3
8
7
7
4
26
4
8
-2
5
-2
8
(*)
5
2
8
_1
6
_1
-1,260
-1681
-225
-113
760
-1,154
-842
-72
-44
-197
54
-482
70
6
461
-1,160
-372
-571
138
-79
-395
-21
108
98
-580
139
-17
-286
-260
702
-4,213
-1 300
-425
na
-2,488
4,345
3,088
1,032
-525
-517
1,468
764
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
,
..
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
..
50 Foreign assets in the United States, net (increase/capital inflow (+))
51
52
53
54
55
56
57
Foreign official assets in the United States, net
U S Government securities
U S Treasury
securities '
Other 10
Other U S Government liabilities " . . .
U S liabilities reported by Ul2S banks not included elsewhere
Other foreign official assets
58
59
60
61
62
63
Other foreign assets in the United States, net
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
(18)
(18)
(")
(")
-467
('")
(18)
(18)
-138
(18)
(18)
(18)
(18)
Memoranda:
Balance on merchandise trade (lines 2 and 17)
Balance on services (lines 3 and 18)
Balance on goods and services (lines 66 and 67) l3
Balance on goods services and remittances (lines
68 33 and 34)
Balance on current account (lines 68 and 31) I3 . . .
See footnotes on page 46.
18
68
574
3,638
-46
264
3, 143
18
(18)
<")
(18)
('8)
(18)
(18)
-121
-42
-64
(18)
(18)
66
336
-13
211
951
(18)
-338
-689
18
135
140
-413
-158
(18)
(18)
(18)
(18)
843
-36
(18)
(18)
-51
18
(18)
(18)
(18)
(18)
(18)
(18)
(18)
"
(18)
(18)
(18)
(18)
-135
18
(")
(18)
-183
(18)
(18)
532
(18)
18
71
57
561
(18)
18
104
n.a.
854
..
65 Statistical discrepancy, and transfers of funds between foreign areas, net (sum of above items with sign
reversed).
66
67
68
69
70
(18)
(18)
64 Allocations of special drawing rights ..
-387
-10373
-3,775
-2,812
3,288
4,044
7,332
7258
7,258
630
1222
1,852
1 836
1,836
944
798
1,742
1723
1,723
-966
-448
-2,833
1 348
1 315
2,663
2643
2,643
933
439
1,372
1 353
1,353
1,015
221
1,236
1 219
1,219
1,059
1,391
1 014
2,405
2386
2,386
December 1989
SURVEY OF CURRENT BUSINESS
45
Transactions, by Area—Continued
of dollars]
International organizations and unallocated 16
Other countries in Asia and Africa
1989
1988
1988
1988
1988
III
II
IV
n
HI'
II'
I
5,754
IV
25,478
26,615
25,811
25,877
27,584
28,906
67,925
17,123
17,500
17,803
17,593
19,280
19,545
34,904
4,741
8,355
1,360
9,115
1,250
8,008
942
8,284
898
8,304
1,001
9,361
962
3,336
781
4,903
859
215
1,291
1,231
317
1,224
837
142
1,197
505
146
1,242
958
247
1,258
1,333
337
1,287
1,603
449
403
419
712
6,187
333
172
1,189
106
174
1,536
74
212
1,603
100
185
2,151
59
200
1,459
74
211
1,820
68
2,144
4
521
1
547
1
13,911
6,270
3,673
3,968
3,163
1,658
787
718
3,308
1,622
973
713
2,976
1,389
1,095
492
3,099
1,601
1,123
375
3,108
1,618
1,183
307
3,343
1,849
1,165
329
2,003
258
1,119
626
495
64
297
134
-2,972
1,464
1,538
III"
II'
I
102,829
1,465
Line
1989
III
1,452
1,393
1,458
1
2
5,754
3
4
1,452
1,458
406
388
396
5
6
7
545
1
572
(*)
498
1
548
(*)
8
9
10
513
92
270
152
573
107
306
160
416
-15
245
186
566
60
326
180
513
44
273
196
11
12
13
14
-790
-760
-703
-719
-707
-720
1,464
1,465
1,538
1,393
53
1
4
24
4
6
7
-138,468
-33,734
-37,093
-35,624
-34,123
-38,636
-41,795
-113,004
-27,122
-30,270
-29,226
-27,949
-31,159
-34,597
-25,464
-1,805
-6,612
-458
-6,823
-459
-6,398
-485
-6,174
-456
-7,477
-500
-7,198
-451
-2,972
-790
-760
-703
-719
-707
-720
18
19
-5,843
-1,485
-4,179
-1,793
-344
-1,112
-1,569
-395
-1,063
-1,392
-395
-988
-1,052
-348
-992
-1,948
-353
-1,077
-1,627
-477
-1,096
-70
-1,899
-13
-537
-18
-478
-18
-440
-22
-484
-13
-461
-18
-469
20
21
22
-107
-1,008
-777
33
-230
-177
^1
-268
-212
-12
-293
-201
-5
-284
-198
-4
-300
-206
-5
-301
-204
-425
-1
-104
-1
-110
-114
-117
-117
-1
-124
23
24
25
-10,259
196
-4,198
-6,257
-2,466
85
-991
-1,560
-2,817
-19
-1,053
-1,745
-2,632
147
-1,186
-1,593
-2,839
92
-1,181
-1,750
-3,090
43
-1,374
-1,758
-3,039
-80
-1,316
-1,643
-577
-134
-155
-131
-96
-114
-109
-427
-150
-105
-29
-113
-42
-105
-26
-67
-29
-85
-29
-82
-27
15
16
17
26
27
28
29
-53
-1
-4
-24
-4
-6
-7
-9,581
-1,758
-2,139
-3,406
-2,422
-1,742
-2,403
-1,276
-215
-321
-596
-182
-185
-216
31
-7,432
-349
-1,801
-1,323
-95
-340
-1,590
-86
-464
-2,905
-86
-415
-1,735
-88
-600
-1,318
-62
-362
-1,829
-91
-482
-799
-465
-12
-107
-96
-12
-265
-56
-300
-296
-154
-28
-142
-28
-16
-152
-64
32
33
34
-7,165
-3,787
-900
-2,617
4,439
-5,875
-1,961
2,986
-57
-2,854
4,127
269
-1,305
538
35
1,498
249
167
481
127
-91
126
474
1,025
180
69
-35
202
173
307
-188
316
68
-159
-211
337
36
37
38
39
40
-191
-191
-191
-191
-239
-239
41
42
43
44
332
107
153
5
67
-1,024
-132
411
-17
-1,286
651
-33
142
n.a.
542
45
46
47
48
49
165
1,348
-817
50
30
3,059
-4,327
7,149
237
-486
-1,228
697
46
2,307
-640
2,853
93
2,663
-434
3,169
-73
549
-423
965
6
24
-409
425
8
931
-447
1,361
17
-968
-969
1
-245
-245
-232
-232
-302
-302
-10,225
-2,037
495
-307
-8,376
-3,302
-581
62
-166
-2,617
-3,207
-837
547
-195
-2,721
-5,280
253
-103
-67
-5,363
3,891
-931
152
35
4,635
-5,899
-1,135
232
-250
-4,746
-2,892
-119
43
n.a.
-2,816
2,456
176
760
-3
1,523
-61
16
213
-1
-289
-2,790
106
178
10,450
-2,260
3,749
8,562
8,602
8,639
4,410
15
4,211
-2,106
3,949
-9
310
-3
3,651
-2,352
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(18)
(*)
(*)
(*)
215
-47
(18)
(18)
(18)
(18)
(*)
(*)
(*)
0")
(1S)
(.8)
8
0")
(18)
(.8)
-400
-96
(18)
(18)
(18)
(11)
(.8)
(18)
-190
1,496
18
156
217
-2,044
18
s
-ffl
<;:>
8
(18)
(18)
(18)
418
1,620
880
464
180
2,783
18
-124
165
7,091
18
377
694
6,528
(18)
(18)
(18)
(18)
18
688
19
8,235
15
4,211
-2,106
(18)
(.8)
(18)
353
-518
(18)
(18)
(18)
(18)
(.8)
86
35
9,396
a
(18)
(")
-563
18
8
-3,074
18
1,203
n.a.
2,901
-742
-34
791
18
18
188
59
3,964
18
146
-153
-2,099
-2,352
(i.)
-211
49
18
-2,190
51
52
53
54
55
56
57
1,348
165
-185
45
305
18
-817
(18)
(18)
18
221
52
1,075
241
n.a.
-1,058
58
59
60
61
62
63
(18)
18
64
41,934
16,062
9,769
7,274
-2,373
10,030
12,842
-4,508
-4,614
4,578
-2,014
-926
-603
-243
65
-45,079
9,441
-35,638
-37,787
-45,219
-9,999
1,743
-8,257
-8,691
-10,014
-12,770
2,292
-10,479
-11,028
-12,618
-11,423
1,610
-9,813
-10,314
-13,218
-10,356
2,110
-8,246
-8,934
-10,668
-11,879
827
-11,052
-11,476
-12,794
-15,052
2,164
-12,889
-13,462
-15,291
2,782
2,782
2,306
1,506
675
675
568
461
704
704
648
383
835
835
538
238
674
674
646
492
745
745
702
561
738
738
674
522
66
67
68
69
70
46
SURVEY OF CURRENT BUSINESS
December 1989
Footnotes to U.S. International Transactions Tables 1-10
P Preliminary.
General notes for all tables:
*Less than $500,000 (±)
n.a. Not available.
Table 1:
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; increase in foreign official assets in the United States.
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; decrease in foreign offical assets in the United States.
2. Excludes transfers of goods and services under U.S. military grant programs (see line 15).
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 2.
4. Includes some goods: Mainly military equipment in line 4; major equipment, other materials,
supplies, and petroleum products purchased abroad by U.S. military agencies in line 19; and fuels
purchased by airline and steamship operators in lines 7 and 22.
5. Beginning in 1982, line 8 and line 23 are redefined to include only net receipts and payments
for the use or sale of intangible property rights. Other services are reclassified to lines 9 and 24.
6. Affiliated and unaffifiated transactions, previously shown separately, have been combined.
7. For all areas, amounts outstanding September 30,1989, were as follows in millions of dollars:
Line 36,68,418; line 37,11,065; line 38, 9,487; line 39, 8,786; line 40, 39,080. Data are preliminary.
8. Includes sales of foreign obligations to foreigners.
9. Consists of bills, certificates, marketable bonds and notes, and nonmarketable convertible
and nonconvertible bonds and notes.
10. Consists of U.S. Treasury and Export-Import Bank obligations, not included elsewhere, and
of debt securities of U.S. Government corporations and agencies.
11. Includes, primarily, U.S. Government liabilities associated with military agency sales contracts and other transactions arranged with or through foreign official agencies; see table 4.
12. Consists of investments in U.S. corporate stocks and in debt securities of private corporations
and State and local governments.
13. Conceptually, the sum of lines 70 and 64 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
on direct investment in the United States, (c) includes an adjustment for the different geographical
treatment of transactions with U.S. territories and Puerto Rico, and (d) includes services furnished
without payment by financial intermediaries, except life insurance carriers and private noninsured
pension plans. In addition, for NIPA purposes, U.S. Government interest payments to foreigners
are excluded from "net exports of goods and services" but included with transfers in "net foreign
investment." A reconciliation of the balance on goods and services from the international accounts
and the NIPA net exports appears in the "Reconciliation and Other Special Tables" section in this
issue of the SURVEY OF CURRENT BUSINESS. A reconciliation of the other foreign transactions in the
two sets of accounts appears in table 4.5 of the full set of NIPA tables (published annually in the
July issue of the SURVEY).
Table 2:
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). Both unadjusted
and seasonally adjusted data have been prepared by BEA from "actual" and "revised statistical"
month data supplied by the Census Bureau (see Technical Notes, December 1985 SURVEY). The seasonally adjusted data are the sum of seasonally adjusted five-digit end-use categories (see Technical
Notes in the June 1980 SURVEY and in the June 1988 SURVEY).
2. Adjustments in lines A5 and A13, B12, B47, and B82 reflect the Census Bureau's reconciliation of discrepancies between the merchandise trade statistics published by the United States and
the counterpart statistics published in Canada. These adjustments are distributed to the affected
end-use categories in section C. Beginning in 1986, estimates for undocumented exports to Canada,
the largest item in the U.S.-Canadian reconciliation, are included in Census basis data shown in
line A-l.
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
A14), to the extent such trade is identifiable from Customs declarations. The exports are included
in tables 1 and 10, line 4 (transfers voider U.S. military agency sales contracts); the imports are
included in tables 1 and 10, line 19 (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; coverage adjustments for
special situations in which shipments were omitted from Census data; deduction of the value of
repairs and alterations to foreign-owned equipment shipped to the United States for repair; and
the inclusion of fish exported outside of U.S. customs area.
5. Deduction of foreign charges for repair of U.S. vessels abroad, which are included in tables
1 and 10, line 21 (other transportation); coverage adjustments for special situations in which shipments were omitted from Census data; and the deduction of the value of repairs and alterations to
U.S.-owned equipment shipped abroad for repair.
6. Beginning in 1986, New Zealand and South Africa are included in "Other countries in Asia
and Africa," with New Zealand included as part of "Asia" and South Africa as part of "Africa."
7. Annual and unadjusted quarterly data shown in this table correspond to country and area
data in table 10, lines 2 and 17. Trade with international organizations includes purchases of
nonmonetary gold from the International Monetary Fund, 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, Australia, New Zealand, and South Africa; Members
of OPEC: Venezuela, Ecuador, Iraq, Iran, Kuwait, Saudi Arabia, Qatar, United Arab Emirates, Indonesia, Algeria, Libya, Nigeria, and Gabon; Other countries: Eastern Europe, Latin America and
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. Therefore,
the detail shown does not always sum to the values shown for the area aggregates. For all years,
"Asia" and "Africa" exclude certain Pacific Islands and unidentified countries included in "Other
countries in Asia and Africa."
8. Includes nuclear fuel materials and fuels.
Table 3:
1. Insurance receipts (exports) are published net of losses paid, and payments (imports) are
published net of losses recovered.
2. Other unaffiliated services receipts (exports) include mainly expenditures of foreign governments and international organizations in the United States. Payments (imports) include mainly
wages of foreign residents temporarily employed in the United States and Canadian and Mexican
commuters in U.S. border areas.
Table 4:
1. Expenditures to release foreign governments from their contractual liabilities to pay for
military goods 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 A40 and A43 to reduce short-term assets previously recorded in lines A38 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 A39 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 A34. 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 A45.
2. Transactions under military sales contracts are those in which the Department of Defense
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
military sales contracts. The entries for the several categories of transactions related to military
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.
4. Line A35 includes foreign currency collected as interest and line A40 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 that 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. Excludes return export from the United States, at a contractual replacement value of $48
million in 1988:111, of leased aircraft originally reported in table 1, line 19. Transactions recording
the offsets for this leased property are included in line C15.
Table 5:
1. Also included in line 4.
2. Acquisition of equity holdings in existing and newly established companies, capital contributions, capitalization of intercompany debt, and other equity contributions.
3. Sales, liquidations, and other dispositions of equity holdings, total and partial.
4. Petroleum includes, and manufacturing and "other" industries exclude, the exploration,
development, and production of crude oil and gas, and the transportation, refining, and marketing
of petroleum products, exclusive of petrochemicals. "Other" industries includes wholesale trade;
banking; finance (except banking), insurance, and real estate; services; and other industries-^agriculture, forestry, and fishing; mining; construction; transportation, communication, and public
utilities; and retail trade.
5. Also included in line 47.
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 28.
Table 7:
1. Primarily mortgages, loans, and bills and notes drawn on foreigners.
2. 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. Mainly International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Asian Development Bank
(ADB), Inter-American Development Bank (IDE), and the Trust Fund of the International Monetary
Fund.
5. 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.
6. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
7. Bahamas, British West Indies (Cayman Islands), Netherlands Antilles, and Panama.
8. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oil-exporting
countries.
9. Includes Eastern Europe and international and regional organizations.
Table 10:
For footnotes 1-13, see table 1.
14. The "European Communities (12)" includes the "European Communities (6)," United Kingdom, Denmark, Ireland, Greece, Spain, and Portugal.
15. The "European Communities (6)" includes Belgium, France, Federal Republic of Germany,
Italy, Luxembourg, Netherlands, European Atomic Energy Community, European Coal and Steel
Community, and European Investment Bank.
16. 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.
17. Details not shown separately; see totals in lines 51 and 58.
18. Details not shown separately are included in line 63.
SURVEY OF CURRENT BUSINESS
December 1989
47
Constant-Dollar Inventories, Sales, and Inventory-Sales Ratios
for Manufacturing and Trade
Tables 1, 2, and 3 present quarterly and monthly constant-dollar inventories, sales, and inventory-sales ratios, respectively. Table 4 presents
quarterly fixed-weighted constant-dollar inventory-sales ratios, i.e., ratios
obtained by weighting detailed industry ratios by 1982 sales. Table 5
presents quarterly and monthly inventories for manufacturing by stage of
fabrication. Quarterly constant-dollar manufacturing and trade inventories, sales, and inventory-sales ratios for 1986 forward were published in
the September 1989 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 1982 dollars]
[Billions of 1982 dollars]
1989
1989
II
III
May
June
July' Aug.
Sept.
n
Oct"
694.5 697.0
693.0 694.5
697.0 699.0 697.0 698.6
330.4 333.4
329.6 330.4
333.5 334.4 333.4 333.7
Durable goods .
Primary metals.
Fabricated metals
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles
Other
Other durable goods '
218.5 220.5
17.9
17.9
22.1
22.3
46.5 46.6
218.4 218.5
17.8 17.9
22.2 22.1
46.6 46.5
221.0 221.5 220.5 221.0
17.8
18.1 18.0 17.9
22.4
22.5 22.3 22.2
46.6 46.5
46.7 46.7
36.6 36.8 36.3 36.2
61.5 61.6 61.0 61.5
1?,0 11.7
12.2
11.8
49.3 49.5 49.4 49.8
35.8 36.0 36.3 36.6
Durable goods
Primary metals
Fabricated metals
Machinery except electrical
Electrical machinery
Transportation equipment
Motor vehicles
Other
Other durable goods '
Nondurable goods
Food and kindred products
Nonfood
Paper and allied products
Chemicals and allied products
111.9 112.8
22.9 23.1
89.0 89.7
10.0 10.2
27.4
27.7
112.5 112.8 112.8 112.7
23.1 23.0 23.1 ??,,9
89.4 89.8 89.7 89.8
10.2
10.2
10.1 10.2
27.5 27.7 27.7 27.7
13.7
13.8 14.0 13.8
Nondurable goods
Manufacturing and trade
Manufacturing
Rubber and plastic products
Other nondurable goods 2
Merchant wholesalers
Durable goods
Nondurable goods
Groceries and farm products
Other nondurable goods
Retail trade
Durable goods
Auto dealers
Other durable goods
Food stores
Other nondurable goods
361
601
363
610
11.5
48.7
35.7
11.7
49.4
36.3
367
361
59.7
11.6
48.1
35.5
60.1
11.5
48.7
35.7
111.1 111.9
22.8 22.9
88.3 89.0
9.9 10.0
27.4
27.4
140
85
138
85
136
8.5
140
85
29.0
29.5
29.0
29.0
29.4
167.8
167.7
167.8
167.8
168.8
109.1
1090
587
587
18.1
40.6
17.5
41.2
109.5 109.1
58.3 58.7
18.4 18.1
39.9 40.6
196.4
196.0
101.2
99.7
520
492
952
185
498
499
963
76.7
18.7
77.6
8.5
8.5
8.5
8.5
29.4
29.5
29.7
168.6
167.7
170.1
110.7 110.0 109.0 109.9
58.2 58.6 58.7 60.2
17.5
18.6
17.6 17.7
40.6 41.0 41.2 41.6
196.4
194.7
196.1
196.0
194.9
100.8 101.2
51 8 520
98.9
49.6
49.3
95.8
18.6
77.2
99.7
50.1
49.7
96.3
18.7
77.6
99.7
49.8
49.9
96.3
18.7
77.6
98.0
47.6
50.4
96.9
18.9
77.9
195.6
490
948
492
952
18.5
76.3
18.5
76.7
Manufacturing and trade
Manufacturing
Nonfood
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products .
Other nondurable goods 2
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
HI
May
June
July Aug.
463.5 466.5
463.5 462.2
458.1
210.7
210.6
204.7 215.4
210.5
112.7 112.8
9.5
9.5
11 6 119
267
264
17.6
27.4
167
17.5
27.7
166
209.3
112.9 111.8
9.5
9,5
116 115
26.6 26.9
17.4
17.5
27.6 26.5
17 1 157
Sept.
472.5 468.9 463.7
211.4
106
112
105
108
20.1
19.7
20.1
20.0
98.0
27.6
97.7
27.7
97.7
27.8
97.5
27.6
97.1
27.2
98.2
28.2
97.9
27.7
98.4
28.1
703
175
701
82
175
699
83
175
699
83
175
699
82
179
700
82
176
702
82
172
703
83
175
17.9
71
19.6
17.9
70
19.4
17.5
72
19.5
17.8
70
19.3
17.6
70
19.3
17.5
72
19.5
18.4
69
19.5
18.2
66
19.8
126.1
127.0
126.0
126.0
125.6
127.6
127.8
127.0
58.0
68.1
59.0
68.0
58.5
67.5
57.5
68.5
58.4
67.2
59.4
68.4
58.9
68.1
265
416
260
420
264
41 1
265
420
259
413
59.2
68.3
26 1
422
259
425
265
416
126.7
129.0
126.9
126.9
127.8
129.6
129.8
127.4
51 1
27.7
23.4
75.6
23.3
52.4
523
51.2
27.6
23.6
75.7
23.3
52.4
51.1
27.6
23.4
75.8
23.3
52.6
515
52.7
29.1
23.6
76.9
23.5
53.4
527
51.2
27.9
23.3
76.3
23.6
52.6
83
28.9
23.4
76.7
23.5
53.2
28.3
23.2
76.3
23.4
52.9
29.3
23.4
77.0
236
53.4
Table 3.—Constant-Dollar Inventory-Sales Ratios for Manufacturing and
Trade, Seasonally Adjusted
Table 4.—Fixed-Weighted Constant-Dollar Inventory-Sales Ratios for
Manufacturing and Trade, Seasonally Adjusted
[Ratio, based on 1982 dollars]
[Ratio, based on 1982 dollars]
1988
19 89
Manufacturing and trade
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Transportation equipment
Motor vehicles
Other
Other durable goods '
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
II
III
May
June
July' Aug.
Sept.
Ocf
1.50
1.49
1.50
1.50
1.52
1.48
1.49
1.51
1.57
1.58
1.57
1.58
1.63
1.55
1.58
1.59
1.94
1.89
1.75
1.96
1.88
1.88
1.77
1.95
1.89
1.91
1.73
1.94
1.90
1.87
1.76
1.99
1.90
1.86
1.81
208
220
.71
2.05
1.90
1.94
1.81
2 14
1.89
1.87
1.86
1.73
206
220
.68
1.93
1.88
1.92
1.75
2 10
2 16
209
204
207
1.99
2.17
2.34
.62
.71
.74
191
.68
208
227
.73
256
.90
4.59
1.78
4.41
1.84
4.57
1.76
4.50
1.79
4.72
1.83
4.31
1.81
4.24
1.84
4.77
1.82
1.14
1.15
1.14
1.15
1.16
1.15
1.15
1.15
83
127
84
82
83
85
.82
.84
.82
1.28
1 26
1 21
1.57
.78
1.20
124
120
1.58
.77
1.22
1.57
.78
1.18
1.28
1.24
1.54
.79
1.23
1.52
1.28
1.24
1.57
.80
1.19
1.28
1.24
1.58
.75
1.29
1.50
148
152
149
1 27
1 22
1.57
.79
1.22
1 50
151
1.28
1.24
1.61
.75
1.24
1.51
Merchant wholesalers
1.33
1.32
1.33
1.33
1.34
U2
L31
1.34
Durable goods
Nondurable goods
1.88
1.85
1.87
1.90
1.90
1.86
1.84
1.86
Other nondurable goods
Retail trade
Durable goods
Auto dealers
Other durable goods
Nondurable goods ... .
Food stores
Other nondurable goods
See footnotes to table 5.
209.3
107.6 117.1 1135 110.8
9.4
9.4
9.6
9.5
116 121 120 119
258 26.9 265 25.7
17.1 17.5 17.7 17.4
24.0 31.0 28.2 26.3
136 195 165 15.8
104 11 5 11 6 104
19.5 19.9 19.8 20.1
See footnotes to table 5.
See footnotes to table 5.
Manufacturing
Oct>
.86
68
98
.86
67
98
.86
70
97
.86
68
97
.87
68
.98
.86
.68
.97
.86
.67
.97
1.00
1.55
1.52
1.54
1.55
1.52
1.51
1.51
1.53
1.98
1.88
2.10
1.26
1.91
1.72
2.13
1.26
1.97
1.88
1.98
1.88
2.10
1.26
1.92
1.75
2.12
1.26
1.89
1.72
2.10
1.25
1.89
1.70
2.14
1.25
1.92
1.71
2.16
1.27
.79
1.46
.80
1.46
208
1.25
.79
1.46
.79
1.46
.80
1.46
.80
1.45
.79
1.45
.88
70
.80
1.48
Manufacturing and trade
1989
II
III
IV
I
n
III
1.45
1.45
1.44
146
145
145
1.55
1.55
1.53
1.56
156
157
Durable goods
Nondurable goods
1 94
1 18
1 94
1 18
1 93
1 16
1 99
1 16
1 98
1 16
1 98
1 18
Merchant wholesalers
132
132
129
128
1 28
1 26
Durable goods
Nondurable goods
189
91
191
90
1 85
1 85
1 87
1 84
90
87
86
84
1.42
1.43
143
145
145
142
191
199
201
206
200
1 20
1 18
1 17
1 18
1 20
1 93
1 19
Manufacturing
Retail trade
Durable goods
Nondurable goods
See footnotes to table 5.
SURVEY OF CURRENT BUSINESS
48
December 1989
Table 5.—Manufacturing Inventories by Stage of Fabrication in Constant Dollars, Seasonally Adjusted, End of Period
[Billions of 1982 dollars]
1989
May
June
July'
Aug.
Sept.
Oct"
Materials and supplies
104.8
105.5
104.6
104.8
105.6
106.1
105.5
105.7
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Electrical machinery
Motor vehicles
Other transportation equipment
Other durable goods'
61.2
5.1
8.2
12.9
9.5
4.7
7.7
13.2
61.9
5.3
8.3
12.9
9.7
4.6
7.7
13.5
61.3
5.0
8.2
13.0
9.6
4.7
7.6
13.1
61.2
5.1
8.2
12.9
9.5
4.7
7.7
13.2
62.0
5.1
8.3
12.9
9.6
4.9
7.8
13.3
62.1
5.2
8.4
12.9
9.6
4.9
7.7
13.4
61.9
5.3
8.3
12.9
9.7
4.6
7.7
13.5
62.2
5.2
8.4
13.0
9.8
4.7
7.7
13.5
Nondurable goods
Food and kindred products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
,
Rubber and plastic products
Other nondurable goods2
43.5
8.3
5.4
9.5
3.9
3.4
13.1
43.5
8.2
5.4
9.6
3.9
3.4
12.9
43.3
8.3
5.3
9.5
3.7
3.4
13.1
43.5
8.3
5.4
9.5
3.9
3.4
13.1
43.6
8.3
5.4
9.4
3.8
3.5
13.2
44.0
8.3
5.5
9.6
4.1
3.5
13.1
43.5
8.2
5.4
9.6
3.9
3.4
12.9
43.5
8.1
5.5
9.7
3.8
3.4
13.1
120.4
121.1
120.2
120.4
122.0
122.3
121.1
121.4
102.1
7.4
7.7
19.2
17.9
3.9
37.1
9.0
102.4
7.3
7.6
19.2
17.5
4.0
37.7
9.1
102.1
7.4
7.7
19.2
18.3
3.9
36.5
9.0
102.1
7.4
7.7
19.2
17.9
3.9
37.1
9.0
103.4
7.5
7.8
19.4
18.0
4.3
37.5
8.9
103.6
7.4
7.8
19.5
18.0
4.1
37.8
9.0
102.4
7.3
7.6
19.2
17.5
4.0
37.7
9.1
102.3
7.3
7.6
19.0
17.3
4.0
38.1
9.1
18.3
2.1
1.1
4.6
2.9
1.1
6.4
18.7
2.2
1.1
4.8
2.8
1.1
6.7
18.1
2.1
1.1
4.6
2.8
1.1
6.3
18.3
2.1
1.1
4.6
2.9
1.1
6.4
18.6
2.1
4.7
2.9
1.1
6.6
18.7
2.1
1.1
4.8
2.9
1.1
6.7
18.7
2.2
1.1
4.8
2.8
1.1
6.7
19.1
2.4
1.1
4.9
2.8
1.1
6.8
105.1
106.8
104.8
105.1
105.8
106.0
106.8
106.6
55.1
5.4
6.3
14.4
8.8
2.8
3.9
13.5
56.2
5.4
6.4
14.5
9.0
3.1
4.0
13.8
55.1
5.4
6.2
14.3
8.9
3.0
3.9
13.4
55.1
5.4
6.3
14.4
8.8
2.8
3.9
13.5
55.6
5.5
6.3
14.3
8.9
2.9
4.0
13.6
55.9
5.4
6.4
14.3
9.1
3.0
4.0
13.7
56.2
5.4
6.4
14.5
9.0
3.1
4.0
13.8
56.5
5.4
6.3
14.6
9.1
3.1
4.0
14.0
50.0
12.5
3.6
13.3
7.2
4.0
9.5
50.6
12.7
3.7
13.3
7.1
4.0
9.8
49.7
12.4
3.5
13.2
7.2
3.9
9.6
50.0
12.5
3.6
13.3
7.2
4.0
9.5
50.3
12.6
3.6
13.3
7.1
4.0
9.6
50.1
12.6
3.6
13.3
7.0
4.0
9.6
50.6
12.7
3.7
13.3
7.1
4.0
9.8
50.1
12.5
3.6
13.1
7.1
4.0
9.8
Manufacturing
Work-in-process
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 goods2
•
Finished goods
Manufacturing
Durable goods
Primary metals
Fabricated metals
Machinery, except electrical
Electrical machinery
Motor vehicles
Other transportation equipment
Other durable goods1
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
•
' Revised.
> 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 I-S ratios shown in this table were obtained by weighting detailed industry I-S ratios by 1982
sales For manufacturing, 21 industries were used; for merchant wholesalers, 20 kinds of business; and for retail
trade, 8 kinds of business.
Data Availability
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December 1989
SURVEY OF CURRENT BUSINESS
Subject Guide
Volume 69 (1989)
This guide lists articles and "Business Situation" sections by subject, giving the
title, issue number, and beginning page number.
Information
National
Business cycle indicators
User's Guide to BEA Information. 3:71.
Input-output
Business Cycle Indicators: Revised Composite Indexes.
Annual Input-Output Accounts of the U.S. Economy.
1:23.
1983, 2:21; 1984, 11:25.
Composite Indexes of Leading, Coincident, and Lagging Indicators. 1:22; 2:17; 3:19; 4:26; 5:21; 6:18;
Inventories and sales
7:107; 8:22; 9:18; 10:23; 11:41; 12:20.
Leading Indicators and the "Prime Mover" View. 8:23.
Constant-Dollar Inventories, Sales, and InventorySales Ratios for Manufacturing and Trade. 3:69;
Economic data sets
6:93; Revised Estimates: First Quarter 1986 to Second Quarter 1989, 9:61; 12:47.
Papers from the Conference on Research in Income and
Wealth. New Measures of Nonwage Compensation
Components: Are They Needed?, 3:58; Comparative Motor vehicles
Cross-National Research on Income and Economic
Weil-Being: The Luxembourg Income Study, 3:62,
Motor Vehicles, Model Year 1989. 11:21.
and A Comment, 3:67; The Capital Stock Survey
Project, 5:31; The Social Policy Simulation Database National income and product accounts (NIPA's)
and Model: An Example of Survey and Administrative Data Integration, 5:36, and A Comment, 5:40.
Alternative Measures of Real GNP. 4:27. (See also
"Gross National Product in 1987 Dollars" under RecFixed capital stock
onciliation and other special tables.)
BEA's Measurement of Computer Output. 7:108.
Fixed Reproducible Tangible Wealth in the United
Business Situation: Advance Estimates for Real GNP,
States, 1985-88. 8:89.
Prices, and Personal Income. Fourth Quarter 1988,
Summary Fixed Reproducible Tangible Wealth Series,
1:1; First Quarter 1989, 4:1; Second Quarter 1989,
1925-88. 10:32.
7:1; Third Quarter 1989, 10:1.
Government transactions
Business Situation: Revisions in Estimates for Real
GNP and Prices. Fourth Quarter 1988, 2:1; First
Federal Fiscal Programs. 1:29.
Quarter 1989, 5:1; Second Quarter 1989, 8:1; Third
Federal Personal Income Tax Liabilities and PayQuarter 1989, 11:1. (See also "Revisions in Selected
ments: Revised and Updated Estimates, 1986-87.
Component Series of the NIPA's" under Reconcilia9:19.
tion and other special tables.)
Government Sector. Fourth Quarter 1988, 3:2; First
National Income and Product Accounts Tables. SeQuarter 1989, 5:2; Second Quarter 1989, 8:2; Third
lected NIPA Tables: 1:8; 2:2; 3:3; 4:10; 5:4; 6:3; 8:4;
Quarter 1989, 11:2.
9:3; 10:9; 11:4; 12:5. NIPA Tables, 7:38. (See also enReceipts and Expenditures of State Governments and
tries under Reconciliation and other special tables.)
of Local Governments: Revised and Updated EstiErrata. 8:3; 10:8.
mates, 1985-88. 10:24.
NIPA Treatment of the "Bailout" of Thrift Institutions.
Relationship Between Personal Income and Adjusted
12:2.
Gross Income: Revised Estimates, 1985-87. 8:30.
Summary
National Income and Product Series: Annu(See also "Reconciliation of Personal Income and Adally, 1929-88, and Quarterly, 1960-88. 9:53.
justed Gross Income by Type of Income" under Reconciliation and other special tables.)
U.S. National Income and Product Accounts: Revised
State and Local Government Fiscal Position in 1988.
Estimates. Annually, 1986-88, and Quarterly, First
2:18.
Quarter 1986 to First Quarter 1989, 7:8.
51
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SURVEY OF CURRENT BUSINESS
Pollution abatement and control expenditures
Pollution Abatement and Control Expenditures, 198487. 6:19.
December 1989
Information
User's Guide to BEA Information. 3:71.
Investment position
Profits
Corporate Profits. Fourth Quarter 1988, 3:1; Year
1988, 4:7; First Quarter 1989, 5:2 and 6:1; Second
Quarter 1989, 8:1 and 9:1; Third Quarter 1989, 11:1
and 12:1.
Reconciliation and other special tables
Cyclically Adjusted Federal Receipts, Expenditures,
Surplus or Deficit, and Debt. 3:18; 5:19; 8:18; 11:19.
Gross National Product in 1987 Dollars. 5:20; 8:19;
11:20.
Reconciliation of BEA Compensation and BLS Earnings. 2:16; 5:19; 8:18; 11:18.
Reconciliation of NIPA Net Exports and BPA Balance
on Goods and Services. 3:18; 6:17; 9:17; 12:19.
Reconciliation of Personal Income and Adjusted Gross
Income by Type of Income. 1986,4:24. (See also "Relationship Between Personal Income and Adjusted
Gross Income: Revised Estimates" under Government transactions.)
Revised and Extended Deflators for Computers. 11:19.
Revisions in Selected Component Series of the NIPA's.
Fourth Quarter 1988, 2:16 and 3:17; First Quarter
1989, 5:18 and 6:17; Second Quarter 1989, 8:18 and
9:17; Third Quarter 1989, 11:18 and 12:19.
International Investment Position of the United
States: Developments in 1988. 6:41.
Measuring the U.S. International Investment Position.
6:40.
Reconciliation and other special tables
Reconciliation of NIPA Net Exports and BPA Balance
on Goods and Services. 3:18; 6:17; 9:17; 12:19.
U.S. investment abroad
Capital Expenditures by Majority-Owned Foreign Affiliates of U.S. Companies. 1989, 3:20; 1990, 9:21.
U.S. Direct Investment Abroad: Detail for Position and
Balance of Payments Flows, 1988. 8:62.
U.S. Multinational Companies: Operations in 1987.
6:27.
Regional
Information
International
Balance of payments
U.S. International Transactions. Fourth Quarter and
Year 1988, 3:26; First Quarter 1989, 6:50; Second
Quarter 1989, 9:28; Third Quarter 1989, 12:22.
Foreign investment in the United States
Foreign Direct Investment in the United States: Detail
for Position and Balance of Payments Flows, 1988.
8:47.
U.S. Affiliates of Foreign Companies: 1987 Benchmark
Survey Results. 7:116; Errata, 12:21.
U.S. Business Enterprises Acquired or Established by
Foreign Direct Investors in 1988. 5:22.
User's Guide to BEA Information. 3:71.
Personal income
County and Metropolitan Area Personal Income, 198587. 4:39
Growth in Metropolitan and Nonmetropolitan Areas:
An Update. 4:37.
Regional Perspectives. Per Capita Personal Income,
4:35; State Estimates of Wages and Salaries: A
Methodological Update, 10:28.
State Personal Income, 1986-88: Revised Estimates.
8:33.
State Personal Income, Summary Estimates. Third
Quarter 1988, 1:36; Fourth Quarter and Year 1988,
4:63; First Quarter 1989, 7:141; Second Quarter
1989, 10:30.
Marketing Specialists, Government Officials, Researchers . ..
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CURRENT BUSINESS STATISTICS
The statistics here update series published in BUSINESS STATISTICS: 1986, a statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume
(available from the Superintendent of Documents for $16.00, stock no. 003-010-00181-0) provides a description of each series, references to sources of
earlier figures, and historical data as follows: For all series, monthly or quarterly, 1983 through 1986, annually, 1961-86; for selected series, monthly or
quarterly, 1961-86 (where available).
The sources of the series are given in BUSINESS STATISTICS: 1986; they appear in the main methodological note for each series, and are also listed
alphabetically on pages 145-146. 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 1986 and methodological
notes are as shown in BUSINESS STATISTICS:
1986
Annual
¥T ..
unus
1987
1989
1988
1988
Oct.
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
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
Govt. and govt. enterprises
Other labor income
Proprietors' income: $
Farm ...
Nonfarm
Rental income of persons with capital
consumption adjustment
Dividends
Personal interest income
Transfer payments
Less: Personal contributions for
social insurance.
Total nonfarm income
.
3,777 6
4,064 5
4,180 4
41689
4,206 3
4,273.1
4,319 5
4,360.7
4,387 1
4 396.3
4,417 5 '4 443 7 r4,456 9
22494
24290
24971
25016
2,516 7
25454
25573
25794
26013
26035
26217
26447
26510
6499
490.3
6963
524.0
7163
7137
7140
7206
7326
549.0
5520
7442
5569
7536
458.5
2382
598.1
7679
467.0
2413
601.0
7745
469.2
2429
610.0
7875
471.2
2444
609.1
7883
473.6
2460
613.3
7966
475.7
247 5
7392
5534
620.2
do
do....
do
541.4
597.3
7628
464.6
2397
7325
5486
571.9
7144
446.5
2289
536.4
590.6
7348
553.5
531.9
6483
419.2
2128
537.2
586.0
7455
456.4
2365
7243
544.0
736 1
540.7
585.9
do
do
41 6
398
47 1
19 5
659
630
564
543
432
2880
2958
2957
294
297 4
480
2700
2996
3006
3008
3046
3035
3046
bil. $..
do
do....
.do
13.4
920
15.7
1022
571.1
5847
16.4
1058
16.1
1065
16.0
1069
598.6
5935
606.4
5956
9.9
1103
641.5
9.8
111 4
590.8
5922
13.8
1084
616.5
6107
11.8
1094
523.2
5482
655.2
6255
9.7
111 8
661.8
6309
1729
1949
37147
40037
199 5
4 1123
199 1
4 1284
200 1
4 1559
37776
4 0645
4 1804
4 1689
571 7
3,205 9
3 104 1
3,010.8
421 0
998 1
1 5917
5866
34778
3333 1
3,235 1
4552
1 0523
do
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....
741 0
453.9
2347
596 3
35726
3421 9
33218
4628
1 076 3 1 084 3
1 727 6 1 7735 1 774 7
5962
35842
34060
33068
4569
2491
615.6
8109
480.2
2507
r
388
3063
r
365
3080
8073
478.0
r
r
4,467.1 '4,503.2
4,541.0
26684 '2 697 8 26995
r
7446
556.8
622.5
r
r
r
'751 8
8189
482.4
2522
'8322
'484.5
2538
r
329
3074
'3065
r
9.3
1128
r
8.4
1133
r
665.0
6326
'667.9
6364
r
2148
2152
7493
558.2
'563.1
'629.3
631.3
8321
486.8
2553
403
3136
400
-1.6
1136
'-7.5
1148
10.2
1158
670.4
6402
'672.4
6435
674.0
6504
2163
'218 1
2182
6142
6242
9.8
111 0
648.4
6239
4 204 0
209 8
4 232 4
211 3
42765
2126
4 309 4
43205
r
43526 '4 383 1 '4 398 6 4 412 4 '4 441 3 44788
42063
4273 1
43195
43607
4387 1
43963
44175 '4 443 7 r4 456 9
600 9
3 6054
3 444 2
33433
4824
1 074 6
1 7863
631 2
3 641 9
3 467 3
33656
473 1
1 093 8
1 798 7
621 7
3 6978
3 487 1
33847
464 2
1 098 6
1 821 9
631 9
37288
3*496 9
3*394 o
461 8
1 102 5
1 829 6
668 4
37187
3 534 4
3432 1
477 4
1 112 9
1 841 8
649 1
37472
3*547 9
3*445 0
4665
1 1267
1 851 9
6538
'6606
6483
645 2
640 2
37772 '3 798 5 '3 808 6 '3 813 4 '3,842.6
621 6 '3 615 6
3 5586 r3 588 7 '3 624 8 '3
34554 '3*4853 r3,521 2 r3,517.8 '3,511.5
'457 6
'4809
4989
4784
469 1
1 125 0 1 130 0 1 129 7 1 134 6'1 133 0
1 861 3 1 877 0 1 892 6 1*9023 1 920 8
2090
628.9
2127
2138
r
r
4 467 1 '4 503 2 45410
663 1
3,877.9
3642 1
3,537.7
459 5
1 145 5
1 9328
92 1
98 9
97 3
98 1
98 9
99 5
100 2
100 7
101 0
101 5
101 9
101 7
102 0
102 2
'1026
102 8
1.9
1018
1.9
1447
1.9
1782
1.9
1507
1.9
161 2
2.2
1746
2.2
210 7
2.2
231 9
1.4
1843
1.4
1994
1.4
2186
1.6
r
2098
1.6
1837
1.6
1918
1.6
'2269
2358
3.2
4.2
4.6
4.6
4.5
5.0
5.6
5.6
5.5
5.4
5.5
5.4
'5.1
'5.3
5.7
26766
27932
2 840 6
2 826 3
2 841 0
2 852 9
2 89i 9
2 900 0
2 874 0
2 884 1 2 904 5 '2 913 4 '2 924 0 '2 920 1 '2 923 3 2 940 3
2,513.7
389.6
8904
1,233.7
2,598.4
2,620.8
2,627.9
413.6
904 5
1,280.2
412.1
911 2
1,297.5
2,636.5
423.7
2,647.0
2,639.6
907 0
1,295.5
915 7
1,297.1
417.2
918 1
1,311.7
2,652.4
430.5
2,651.5
417.3
918 0
1,292.6
2,634.5
432.0
417.1
911 3
906 3
1,311.2 1,315.7
1198
124 5
126 2
126 4
126 9
127 7
127 9
128 6
129 4
129 9
130 0
130 4
130 3
130 6
129 8
137 2
142 2
139 3
136 4
137 1
140 1
139 5
140 9
140 2
144 9
140 0
146 4
146 8
P
141 2
do
do
do....
do....
1043
1347
136.8
133.1
107 5
1427
1439
141.9
105 1
149 1
1512
147.6
106 6
145 4
1460
145.0
109 4
141 4
141 1
141.6
110 2
142 2
141 6
142.7
111 1
145 6
1450
146.0
106 6
145 8
1456
145.9
104 5
147 7
1480
147.5
102 3
147 3
147 8
146.9
106 2
152 2
1545
150.5
106 9
146 2
151 3
142.6
109 8
153 3
158 3
149.8
108 3
154 0
1587
150.6
P
106 8
147 5
1510
145.0
do
1298
137 2
1394
1399
140 4
1408
140 5
140 7
141 7
141 6
142 0
141 9
142 5
142 1
P
do
do
do
1383
1368
127 8
1459
1443
1339
148 1
1464
1364
148 4
1468
1368
149 4
147 7
1382
150 1
148 2
1385
150 0
148 6
138 7
150 5
148 9
138 4
151 6
150 2
139 5
151 7
150 4
139 2
152 5
151 2
139 9
151 8
150 2
138 7
152 5
151 1
139 3
152 1
150 5
1389
P
Equals: personal saving
do
Personal saving as percentage of disposable
personal income §
percentDisposable personal income in constant (1982)
dollars
..
bil $
Personal consumption expenditures in
constant (1982) dollars
do....
Durable goods
do ....
Nondurable goods
do
Services
do....
Implicit price deflator for personal consumption
expenditures
. ..
index 1982—100
421.3
911 7
1,318.4
r
2,703.3 r2,693.8 '2,671.4
'432.5
'412.5
447.1
r
'915 3
923 6
922 5
916 2
911 2
1,322.9 1,327.3 1,333.8 1,337.7 1,343.6
2,657.1 '2,673.3
429.8
423.0
1.6
2,682.4
413.0
921 7
1,347.7
'131 4
131 9
INDUSTRIAL PRODUCTION <>
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
Total index
By industry groupings:
Mining and utilities.
..
Manufacturing
Nondurable manufactures
Durable manufactures
1977 100
144 3
105 5
P
151 6
P
1575
"147.4
Seasonally Adjusted
Total index
By market groupings:
Products, total
Final products
Consumer goods
141 3
150 9
P
148 8
P
139 5
141 5
151 5
149 4
1392
6
See footnotes at end of tables.
S-l
SURVEY OF CURRENT BUSINESS
8-2
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
Annual
.,
1T
IJnit8
1987
December 1989
1989
1988
1988
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
1977 = 100...
Automotive products
do ....
Autos and trucks, consumer
do....
Autos, consumer
do ....
Trucks, consumer
do ....
Home goods ...
do
Nondurable consumer goods
do ....
Consumer staples
do ....
Consumer foods and
tobacco
do
Nonfood staples
do
Equipment
....
do
Business
and
defense
equipment
do ....
Business equipment
do ....
Construction, mining,
and farm
do....
Manufacturing
do ....
Power
do
Commercial
do
Transit
do
Defense and space equipment
do....
Intermediate products
do....
Construction supplies
do
Materials
Durable goods materials
Nondurable goods materials
Energy materials
do
do
do....
do
By industry groupings:
Mining and utilities
Mining
.
Metal mining
Coal
Oil and gas extraction #
Crude oil
Natural gas
Stone and earth minerals
Utilities
Electric
Manufacturing
Nondurable manufactures
Foods
Tobacco products
do....
do
do
do
do ....
do
do
do ....
do ....
do ....
do
do ....
do
do
ADD el D ducts
Paoe and
oducts
H
H
Printing and publishing
do ....
Petroleum products
do .
Leather and products
Durable manufactures ..
do
do
.
Furniture and fixtures
do....
Primary metals
Iron and steel
Nonferrous metals
Fabricated metal products
Nonelectrical machinery
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments
do
do
do ....
do ....
do ....
do....
do ....
do....
do..
•
120.2
118.5
115.1
90.7
160.5
1216
130.6
137.4
125.3
124.9
122.7
93.4
177.0
1256
137.1
144.9
129.3
128.9
128.3
101.3
178.4
1297
139.0
147.0
129.2
129.5
129.5
101.0
182.4
1289
139.7
147.9
131.9
134.5
138.0
105.1
199.1
1300
140.5
148.9
131.5
132.5
135.6
99.6
202.3
1307
141.1
149.4
131.6
131.6
133.1
96.0
201.9
131 6
141.4
149.7
130.1
128.9
128.3
95.0
190.0
131 1
141.4
149.9
132.2
131.7
131.7
98.8
192.8
1326
142.2
150.7
131.2
128.6
127.4
96.0
185.5
1333
142.1
150.7
130.8
125.6
123.3
91.4
182.5
1348
143.3
151.9
127.3
120.2
114.6
81.2
176.7
1327
142.8
151.4
128.7
122.3
119.3
86.4
180.5
1335
143.2
152.0
127.7
120.5
117.1
92.7
162.4
1331
143.1
151.8
"126.4
"118.3
"113.2
"91.6
"153.3
"1325
"144.3
"153.4
125.7
118.3
113.4
'84.3
167.3
131.4
144.2
153.3
1363
1385
1489
1409
149 1
158 2
1424
151 8
1597
1437
1522
1599
144 5
1536
1604
1448
1542
161 1
1443
1554
1616
1433
1569
1628
1447
1569
1643
1447
1569
1654
1457
1584
1661
144 2
1589
1655
1456
1587
1668
1460
1579
1659
"147 2
"1598
"161 1
160.2
163.1
153.6
144.5
1633
157.6
165.1
160.2
1655
161.2
166.2
162.6
167.1
163.8
167.9
165.0
168.9
166.3
170.3
167.8
1715
169.1
172.0
169.6
171.3
168.5
172.5
169.9
171.5
168.7
"166.5
"164.1
168.5
166.2
62.2
117.9
826
2265
1084
188.9
143.4
1315
153 5
1182
1250
125.9
998
71.9
131.3
894
2452
1151
185.8
151.5
1386
1625
1252
1354
132.0
1015
74.2
136.2
91.5
245.4
120.3
184.0
154.0
1400
1659
127.5
138.9
134.7
101.3
74.5
136.2
921
2470
1223
182.2
154.2
1407
1657
1283
1398
135.1
1023
74.6
137.0
91.8
248.9
124.9
180.5
155.0
1414
1667
128.3
139.0
136.3
102.6
74.3
136.3
928
2524
1257
180.0
156.6
1423
1688
128.1
139.4
137.1
100.5
75.6
137.8
927
2543
125.2
179.3
155.1
1395
1684
1274
138.6
135.9
100.5
76.9
138.6
930
257.6
123.9
178.7
156.1
1393
1704
127.3
137.9
136.0
101.0
77.6
139.7
936
260.1
124.8
179.9
156.5
1402
1704
128.2
139.0
137.1
101.7
76.3
140.9
933
2632
125.3
180.7
156.3
1402
1700
1279
1387
136.8
101 1
74.8
142.8
925
2645
124.8
181.1
157.0
1412
1704
127.7
139.4
137.3
99.1
73.0
143.8
928
2638
120.1
182.0
157.5
1422
1706
128.3
139.9
138.5
99.1
r
72.1
143.5
r
94.2
r
265.6
124.4
182.7
157.5
1415
171 2
128.8
140.9
138.3
r
99.5
'74.5
141.9
93.6
r
263.7
122.2
182.1
157.7
140.7
1722
128.5
140.4
136.7
100.5
"74.5
"257.9
"107.5
"175.7
"158.4
"141.4
'75.2
142.3
'95.7
'262.0
109.3
177.1
158.5
142.0
"1729
"128.2
"138.8
"138.5
"100.9
128.0
138.5
138.3
100.7
104.3
1007
776
1318
92.7
1003
855
128.2
110.3
126.6
1347
136.8
1378
103 5
115 9
107 4
144 4
172.1
140 2
935
163 6
600
1331
130 3
152.8
119 1
813
706
101.6
111.0
152.7
172.3
129.2
111.8
1439
107.5
1034
932
1379
92.9
985
866
139.9
114.3
132.0
1427
143.9
1427
1052
116 2
109 1
150 3
1842
151 9
960
174 4
59 5
141 9
137 3
1621
122 6
89 2
78 1
110.2
120.9
1708
180.1
1321
117.2
1543
107.2
1031
1016
1385
91.5
959
874
142.8
113.9
132.8
1453
146.3
1440
1054
117 0
109 5
151 8
188.1
156 7
963
176 9
61 0
144 6
137 5
1645
123 3
942
83 1
115.0
122.6
173.8
183.0
134.8
121.7
1599
108.1
1047
1046
1497
90.8
969
892
144.0
113.7
131.6
1458
146.7
1457
1024
117 2
107.2
1030
1069
1447
88.9
956
848
150.8
114.0
131.0
1472
148.5
1466
1050
120 2
110 2
153 8
193.0
159 0
980
175 9
629
1462
139 9
1663
126 6
932
822
113.9
124.5
178.7
180.9
136.7
124.9
1610
106.8
1009
986
1347
89.5
94.9
890
142.5
116.5
135.3
1468
148.1
1463
1047
119 4
110 2
151 7
194.6
158 5
963
175 0
629
1459
132 8
164.8
125 4
91.1
79 1
113.7
124.5
180.8
181.7
136.4
123.4
161.3
107.5
1015
98.1
1377
89.6
92.9
88.6
143.5
117.5
137.0
1470
148.6
1454
101 5
119 7
109 9
151 7
198.5
159 2
97.0
176 4
612
1458
133 4
165.8
125 5
88.4
759
112.0
123.8
183.0
181.6
134.8
120.4
161.8
107.9
1024
96.8
145.5
89.1
91.6
86.3
144.5
117.1
137.1
1480
149.6
146.6
109 2
122 5
111 3
150 7
200.1
159 3
97.3
178 0
614
1469
135 1
168.0
124 7
90.1
770
114.9
123.1
184.7
182.2
136.4
122.0
163.0
107.2
1020
940
1371
90.5
94.7
87.6
146.6
115.6
135.8
1481
149.5
1472
1059
1236
111 5
150 1
199.0
158 2
96.9
180 5
603
1471
135 5
170.2
1239
87!2
732
113.7
124.8
186.5
181.6
135.5
119.7
164.3
106.3
1015
1012
1292
90.6
92.2
88.8
150.2
114.3
134.6
1487
150.5
147.9
1042
123 8
111 9
150 2
200.5
159 9
97.9
1823
605
147.4
137 2
170.8
1239
87.3
72.9
114.6
125.2
187.5
181.9
134.2
116.4
165.7
106.6
102.1
106.2
130.2
90.8
91.9
86.8
152.1
114.0
134.9
148.5
150.8
147.3
971
1235
111 4
1524
199.9
1622
98.3
1823
60.8
146.8
1369
169.0
1229
89.2
75.4
115.2
125.4
186.7
181.4
131.3
110.4
166.0
106.5
102.4
103.7
135.4
'90.3
r
90.7
r
87.8
151.5
113.3
134.2
149.2
151.1
148.3
r
999
1232
111 1
1528
r
200.6
161 5 ,,
'97.7
1836
60.2
147.8
1365
168.0
1239
'90.3
75.9
117.4
125.5
187.8
183.7
133.2
114.2
164.1
107.4
103.1
104.2
144.2
'89.9
r
89.8
r
86.6
144.8
114.3
135.3
148.7
151.2
148.8
"107.9
"103.6
107.9
103.7
"144.4
144.5
150 7
1885
157 5
950
177 5
61 5
1452
139 4
1654
124 7
927
808
115.2
124.6
1754
182.2
1352
122.9
1604
108.9
1049
1119
1551
88.9
95.8
870
149.4
115.4
132.9
1463
147.1
1458
1070
117 9
108 8
151 7
188.0
158 1
980
177 5
602
1457
143 0
165.4
125 1
900
77 6
113.4
125.1
177.8
180.9
136.8
125.5
159.1
123 2
111 0
1534
'202.7
159 g
'98.3
1838
'60.2
146.9
1353
168.4
'1226
'89.2
75.4
115.3
124.7
186.8
182.8
131.8
112.7
162.9
"1223
"1100
"1540
"202.8
"161 8
"99.8
"1841
"59.9
"144.3
"1362
"168.7
"123.5
"88.5
"75.7
"112.6
"123.9
"183.2
"181.5
"123.3
"110.1
"163.0
5 394 437 5 829 069
506 774
501 375
533 442
466 290
475 439
527 377
510 744
530 722
539 496
484,836
532,799 '531,921
530,306
518 088
233 071
122 962
110 109
142 543
54 139
88,404
142 474
70,293
72,181
515 695
231 236
121 720
109 516
142 500
54016
88,484
141 959
69,147
72,812
511,144
526,290
238,150
128,347
109,803
144,860
55876
88,984
'522,760
'233,562
124,393
109,169
145,293
'55,861
'89,432
519,226
232,177
121,694
110,483
143,358
54,174
89,184
143 280 '143 905
71,228 '71,543
72,052 '72,362
143 691
71,183
72,508
463 5
210.6
126.9
126.0
462 2
209.3
126.9
126.0
no i
"141.6
"95.1
"90.0
"89.1
"89.8
"150.0
"115.1
"136.3
"147.5
"152.0
"150.0
BUSINESS SALES
Mfg. and trade sales (seas, adj.),
total $
Durable foods industries
Nondurable e ods industr'es
Retail trade total
Nondurable goods stores
do
Ho
Ho
do
1 5 394 437 1 5 829 069 r498 635
1 2 390 045 i2 flu 589 222 917
1 263 492 1 388 211 118 439
1 126 553 1 223 378 104 478
1
1 521 4171 1 629 150 138 259
572 489
628 543 '53 228
do ...
Durable goods establishments
Nondurable goods establishments
Mfg. and trade sales in constant (1982)
dollars (seas adi ) total §
Manufacturing
Retail trade
Merchant wholesalers ...
.
See footnotes at end of tables.
do...
do ...
bil $
do
do
do
\ 482 9751 -I
725,683
757,292
COO QQQ
782,744
805,586
'67,400
'70,059
68,543
68,696
85,035
136 170
68,427
67,743
461 7
2106
1260
1251
463 1
2108
1276
1247
465 8
2157
1268
1233
'85,031
948,928 1,000,607
1
'501 391 506 186
224 632 230 827
119 874 124 175
104 758 106 652
139 520 139 189
r
54 154
53 984
'85,536
r
!37 459 137 239
511 881
231 485
123 578
107 907
140 040
53 815
86,225
140 356
70,302
70,054
507 328
228 353
120 924
107 429
139 428
53 071
86,357
139 547
69,343
70,204
507 555
228 048
120 432
107 616
139 516
52 886
86,630
139 991
68,796
71,195
517 745
234 042
123 331
110711
141 413
53901
87,512
142 290
69,345
72,945
465 0
2124
1268
1257
460 2
2091
1263
1248
457 6
2076
125.8
124.2
464 8
212.1
126.4
126.3
225 922
117 114
108,808
143,555
54 653
88,902
141 667
70,220
71,447
r
458 1
'204.7
127.8
125.6
r
4725
'215.4
129.6
127.6
4689
211.4
129.8
127.8
4637
209.3
127.4
127.0
114.8
136.0
147.8
151.7
'203.0
'99.0
145.1
'86.2
124"i
187.3
181.0
124.3
109.6
162.9
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-3
SURVEY OF CURRENT BUSINESS
December 1989
Annual
f ...
Umts
1987
1988
Oct.
1988
Nov.
1989
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INVENTORIES
Mfg. and trade inventories, book value
(non-LIFO basis), end of period,
(unadjusted), total t
mil $
Mfg. and trade inventories, book value
(non-LIFO basis), end of period,
(seas, adj.), total $
mil $
Manufacturing, total
....
do
Durable goods industries
do....
Nondurable goods industries
do ....
Retail trade, total
do
Durable goods stores
do
Nondurable goods stores
do ....
Merchant wholesalers, total
do ....
Durable goods establishments
do
Nondurable goods establishments
do ....
Mfg. and trade inventories in constant (1982)
dollars, end of period(seas. adj.),total §....bil. $ ..
Manufacturing
....
do
Retail trade
do
Merchant wholesalers
do
690 458
743 191
700 761
331 132
216,598
114,534
206 981
106 271
100,710
162 648
106 482
56,166
753 718
354 163
233,666
120,497
221 242
114 994
106,248
178 313
115743
62,570
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total $
ratio
Manufacturing, total
do
Durable goods industries
do
Materials and supplies
do
Work in process
do
Finished goods
do .. .
Nondurable goods industries
do ....
Materials and supplies
do....
Work in process
do....
Finished goods .
do
Retail trade, total ....
do
Durable goods stores
do
Nondurable goods stores
do
Merchant wholesalers, total
do
Durable goods establishments
do
Nondurable goods establishments
do ....
Manufacturing and trade in constant (1982)
dollars, total §
do
Manufacturing
do
Retail trade
do
Merchant wholesalers
do ...
MANUFACTURERS' SHIPMENTS,
INVENTORIES, AND ORDERS t
Shipments (not seas, adj.), total
mil. $.. 2,390,045 2,611 589
Durable goods industries, total
do
1 263 492 1 388 211
Stone, clay, and glass products
do ....
64,044
62,142
Primary metals
do
117 092 142 196
Blast furnaces, steel mills
do....
60950
50812
Fabricated metal products
do .... 135 005 144 064
Machinery, except electrical
do
216 605 247 152
Electrical machinery
do
210,695 227 136
Transportation equipment
do
323 026 351 927
Motor vehicles and parts
do
197 049 219 257
Instruments and related products
do....
66,805
72,456
Nondurable goods industries, total
do ... 1 126 553 1 223 378
Food and kindred products
do.... 324 996 356 804
Tobacco products...
do
19935
22240
Textile mill products
do....
59774
57,481
Paper and allied products
do
110 252 124 187
Chemical and allied products
do.... 212,705 240,476
Petroleum and coal products
do.... 124 528 124 218
Rubber and plastics products
do ....
80510
91089
Shipments (seas, adj.), 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 ....
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.
753 958 759 019 743 191
r
753 035 763 793 770 121 777 354
r
780 377 779 755 783 708 782 573 785,213 805,169
743 005
349 412
229,735
119,677
r
216 434
111 504
104,930
177,159
115
422
r
61,737
746 756
351 603
231,766
119,837
218 093
112 904
105,189
177,060
114 975
62,085
753 718
354 163
233,666
120,497
221 242
114 994
106,248
178 313
115 743
62,570
759 803
357 458
236,810
120,648
222 584
115 704
106,880
179,761
117 255
62,506
763 051
359 056
238,165
120,891
224 185
116 169
108,016
179,810
117 932
61,878
765 504
361 130
239,330
121,800
224 693
115 993
108,700
179 681
117 424
62,257
771 340
363 458
240,486
122,972
226 656
117 093
109,563
181 226
119 069
62,157
778 093
365 055
241,689
123,366
230 423
118 835
111,588
182,615
120 481
62,134
780 802
366 492
242,295
124,197
231 762
119 542
112,220
182,548
120 231
62,317
787 584
370 803
245,813
124,990
232 831
119 864
112,967
183,950
122 142
61,808
681.3
3248
1894
1671
683.4
3258
1910
1665
688.0
3273
1936
1670
691.1
3288
1948
1674
690.8
3283
1955
1669
690.5
3283
1957
1665
691.1
329 1
1949
1671
693.0
3296
1956
1678
694.5
3304
1964
1678
'697.0
3335
1947
1688
790 368
371 489
246,378
125,111
235,350
121 782
113,568
183,529
121 520
62,009
699.0
3344
1961
1686
r
r
790,572 793 909
371 861
245,621 246,553
125,269 125,308
r
236,791 236,047
123,030 121,274
113,761 114,773
182,891 186,001
120 614 121 950
'62,277 64,051
r
370,890
r
697.0
3334
196.0
167.7
698.6
333.7
194.9
170.1
1 49
157
194
55
89
50
1.15
46
.18
51
1.57
r
2.09
123
129
171
88
149
157
193
54
89
50
1.14
.45
.18
51
1.56
2.09
1 23
1 29
168
90
149
153
188
53
87
48
113
44
18
51
1.59
2.12
1 25
131
169
92
148
1 54
192
54
88
50
112
44
18
50
1.59
2.15
1 24
128
167
89
150
157
197
55
91
51
1 13
44
.18
51
1.61
2.19
125
129
170
88
1 51
158
199
56
93
50
113
44
19
51
161
219
1 25
1 28
171
87
1 49
1 55
195
54
92
49
111
42
19
50
160
217
1 25
1 27
172
85
1 50
157
197
54
93
49
112
42
18
51
162
219
1 26
128
171
86
151
158
199
55
94
50
113
43
19
52
163
221
1 27
1 29
1 74
86
1 54
164
210
58
99
53
115
43
19
53
162
2.19
1 27
130
174
87
150
156
192
53
91
48
114
43
19
52
162
2.18
1 28
128
171
86
151
159
197
54
93
50
1.15
.43
.19
53
1.63
r
2.20
127
127
169
'.86
153
160
203
56
95
52
1.13
.42
.19
52
1.65
2.24
129
129
171
88
1 48
154
1 50
134
148
1 55
1 50
134
1 48
1 52
153
136
1 49
1 55
1 54
1 33
1 50
157
1 55
134
1 51
1 58
1 56
1 34
149
1 55
1 54
1 32
1 50
1 57
1 54
1 33
1 50
158
1 55
133
1 52
1 63
152
134
148
1 55
151
132
149
158
151
131
151
159
153
134
226 032 212 037
122 482 110 887
4,849
4,815
11 796
12 181
5068
4836
11 732
11 771
18 612
23686
17 642
20728
31 993 29 190
18020
20 158
6,523
5,830
103 550 101 150
29 650
30719
2 455
1 218
5118
4742
10822
10 528
20,397
20,853
10044
10363
7 518
7885
230 827 231 485
229 134
121 870
5,064
12 905
5 198
13210
21 421
19078
32477
21 778
6,138
107 264
31*572
1 574
5397
11 036
21,483
10 162
8200
228 353
233,026 r247,693
122 298 132 337
'5,715
5,725
12 120 12210
r
4,841
4863
13927 14,581
r
20950 r24 436
19,854 22,314
31 128 r33 365
19455 19 962
'7,055
6,134
110 728 115,356
32654 '34,416
1 886 2331
'5,754
5,607
10949 11 091
21,099 '21,837
11495 12,076
'8,249
8,127
238 150 '233 562
238,493
125 300
5,979
12 110
4^938
14,481
21 325
20,134
31 313
20 164
6,657
113 193
33,841
2 107
5,593
11007
20,670
12,037
8,038
232 177
229,541
122 606
5,745
12 614
5187
12736
20841
19222
32582
21 348
6,150
106 935
31 339
1 696
5,243
10727
20,269
10430
8335
222 917
222,837
118 636
5,507
12 308
4945
12234
20 124
19*640
31 334
20049
5,901
104 201
30582
2253
5221
10373
20,104
10 120
7724
224 632
118 439 119 874 124 175
5442
5549
5588
12369 12709 12861
5201
5206
5,151
12 123 12597 12865
20970 20894 21 642
18931 19099 19953
30924 30960 32521
19585 19671 20948
6,057
104 478
30,564
1 911
4890
10669
20,948
10,238
7.893
238 698
128 704
5,221
13 075
5365
14012
24 125
20808
32 811
20 518
6,535
109 994
32928
2 392
5615
11 098
21,960
10611
8 162
228 048
235 253
125 254
5,709
12 94Q
5391
13 591
22010
19558
32854
21 739
6,085
109 999
31 613
1 733
5236
11 001
22,413
12094
8466
234 042
233,725
124 193
5,556
12 537
5239
13760
21 972
19324
32534
21 266
6,387
109 532
32421
2267
5268
10787
21,739
11 933
8516
233 071
245 779
131 766
5,915
12 955
5208
14369
25744
21282
31 883
19246
6,949
114 013
33322
2399
5747
11 387
22',463
12331
8683
231 236
207,794
104 423
5,034
11 040
4464
12419
19405
17369
22072
11 728
5,918
103 371
30693
1 300
4,531
10439
20,213
11905
7194
225 922
123 578 120 924 120 432 123 331 122 962 121 720 117 114
5287
5466
5404
5 451
5 150
5356
5575
12486 12250 12 179 12 100
12869 12 553 12377
4867
4858
5048
5 128
5 103
5080
5222
13 198 13044 13 135 13269 13370 13327 13392
21 491 21 939 21 948 22054 22253 22558 21 586
19794 19225 19 541 20299 19952 19839 19 564
31 834 30698 30298 31 489 31 177 30003 27 096
20850 19700 18 941 20 146 19805 18 154 15752
6264
6393
6439
6259
6342
5,960
6308
6200
6403
104 758 106 652 107 907 107 429 107 616 110711 110 109 109 516 108 808
30,607 30995 31720 31842 32364 32283 32470 32245 31730
1 957
2 109
1 893 1 792
2083
2 104
1 878 1 819 2003
5333
5254
5311
5315
5520
5397
5269
5337
5458
10779 10956
10938 10802 10896 10927 10900 10906 10846
21327 21021 20862 21497 21 478 21457 21820
21352 21 110
10384 10786 11 090 12306 11 934 11986 11522
9940 10237
8.021
8.072
8.310
8.174
7.875
7.986
8.568
8.318
7.835
128 347 124,393 121,694
5569
'5328
5451
12215 11 978 11 894
4,894
4,863
4973
14060 13,939 13957
22842 '22,245 21,688
20064 '20 312 19980
35295 '32,167 29,905
22598 '19 239 18515
6,583
'6,549
6,344
109 803 109,169 110 483
32,968 '32,258 32,932
2333
1 961 '2008
5260
'5216
5342
10885 10 857 10940
21455 '20,877 21,242
10992 11,902 11,908
7.629
'7.943
8.248
Nov.
S-4
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
..
IT
Lmt8
1987
December 1989
1989
1988
Annual
1988
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
14 660
45902
14 668
45,471
14 513
45,362
14823
46,622
14
657
r
46,076
14886
46,982
40,285
24,963
r
38,322
20,943
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SHIPMENTS,
INVENTORIES, AND ORDERS t-Continued
Shipments (seas, adj.)— Continued
By market category:
Consumer staples
Equipment and defense products,
except auto
Automotive equipment
Construction materials, supplies, and
intermediate products
Other materials, supplies, and
intermediate products
Supplementary series:
Household durables
Capital goods industries
Nondef ense
Defense. ...
..
.
Inventories, end of year or month:
Book value (non-LIFO basis),
(unadjusted), total
Nondurable poods ' du t' '
Book value (non-LIFO basis),
t tal
By industry group:
Durable goods industries,
total #
Stone, clay, and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
Electrical machinery
Transportation equipment
Motor
vehicles
and
parts
Instruments and related
products .
.
By stage of fabrication:
do
1 164 861
1
461 025
1
1
170 860
501 301
14386
42969
14 454
43253
15317
43518
15 108
44467
14797
44 556
14608
44969
14894
45727
do
do
1
391
1
189
223 069
1
do
1
192 664
1
17113
17529
18,102
18,390
17,400
17,251
17473
17,331
17,355
17,124
17,899
r
17,809
do
'957 237 1 052 710
89978
90616
92048
92999
92293
92067
95089
94306
94508
92650
93558
r
93,258
93,235
do
do
do
do
1
75 607
1
445 633
1
336
190
1
6671
41026
32595
8431
6949
41 172
32512
8660
6934
42772
32675
10097
6933
42060
33330
8730
6955
41858
33455
8403
6864
42528
34 079
8449
6977
43232
34599
8633
6,948
43224
34,527
8,697
6781
43,984
34,759
9,225
6,705
42,456
34,263
8,193
6,918
45,082
36,146
8,936
r
6,758
r
44,962
r
109 443
79 219
486 607
380 017
1
106 590
6,986
42,361
34,081
8,280
325,695
212 265
113 430
348,465
229 040
119 425
348,699
229 283
119 416
350,223
230 625
119 598
348,465
229 040
119 425
356,430
235 168
121 262
360,741 362,082
238 967 240 180
121 774 121 902
365,848
242 195
123 653
331 132
354 163
349 412 351 603 354 163
357 458 359 056 361 130 363 458 365 055 366 492 370 803 371 489 r370 890 371 861
216,598
7,216
18189
8590
22,684
41 935
do
39396
do . . . . 57,203
233,666
7,505
20279
10119
23,552
46729
40683
63,229
229,735 231,766 233,666
7,505
7,464
7,551
20279
19825 19980
10119
9677
9763
23,430
23,478 23,552
46729
45992 46 172
40010 40746 40*683
62,305 63,229
61,578
236,810 238,165 239,330 240,486 241,689 242,295
7,748
7,740
7,704
7,630
7,609
7,561
21,223 21,275
21036
20785 20,880
20,589
10,532
10,526
10563
10,537
10353
10,222
23,726
23,892
23,776 23,771 23,962 23,947
47 532 47730 47 660 47820 47885
47407
41 090 41 371 41 288 41 553 41 564 41087
68,333
67,557
65,368 65,996 66,681
64,660
245,813
7,840
21,413
10,658
24,105
48234
41637
70,081
do .
d
do....
do....
do
do
do ....
1
433 296
248 003
204 769
1
1
1
36395
22076
36537
22243
38315
23527
37,178
23,343
37153
22154
37802
21351
38337
22522
38,616
22,256
38,878
20,356
38,317
17,956
40,530
'21,578
!7,463
35,730
'9,232
368,621 366,693 371,440 372,752 '369,102 370,873
244 712 242 874 246 576 247 377 r244 580 245 962
123 909 123 819 124 864 125 375 124 522 124 911
246,378 '245,621 246,553
7,891
'7,844
7,799
20,850
21,233 '21,040
10,538
10,657 10,613
23,792
24,170 '23,934
48,496
48370 '48,429
41787 '41,316 41,293
70,164 '69,785 70,634
12,469
do ....
11,391
11,839
11,657
11,872
11,839
12,282
12,246
12,169
12,134
12,237
12,152
13,030
12,686
12,339
do
12669
14040
13 578
13798
14,040
14,125
14,218
14,336
14,361
14,062
14,107
14,098
14,095
14,277
14,364
H
do....
61 255
99 952
55,391
65 252
108 392
60,022
65 324
105 239
59,172
65 298
106 884
59,584
65 252
108 392
60,022
66273
109 309
, 61,228
66852
110 118
61,195
67 278 66887 66748
111 555 113 381 114 291
60,650
60,218
60,497
66681
114 668
60,946
67 565
116 487
61,761
67746 '67 611
116 560 '115 477
62,072 '62,533
67981
115 614
62,958
119 677 119 837 120 497
25 791 26 003 26 361
5 609
5 710
5 810
7 605
7 620
7 648
11 835 11 939 12 065
120 648
26 266
5 349
7 636
12 093
120 891 121 800 122 972 123 366 124 197 124 990 125 111 125,269
26 245 26 301 26 588 26 181 26 180 26416 26326 '26 442
'5587
5*659
5669
5*525
5431
5 403
5 432
5 372
'8086
8093
7 973
7803
7 810
7 648
7 495
7 606
11 941 11 905 11 943 12070 12320 12483 12*572 12 597
125,308
26238
5611
8072
12,643
Work 'n
s
Finished goods
Nondurable goods industries,
total #
do
Tob c o
duct
Textile mill products
H
do
114 534
24 744
5 586
7 458
11 242
120 497
26 361
5 609
7 605
12 065
do
25061
27 515
27060
27235
27 515
27601
27880
28510
28816
29,069
29,182
29,209
29,396
'29,415
29,378
do
9951
8879
9092
8757
8879
9376
9578
9897
10346
10,423
10,695
10,554
10,452
10,335
10,322
do
9112
10326
10298
10394
10326
10418
10405
10,572
10,555
10,567
10,619
10,657
10,631
10,629
10,626
do....
do....
44,354
18,752
51 428
47,294
19,291
53 912
47,611
19,172
52 894
47,664
19,071
53 102
47,294
19,291
46,963
19,532
54 153
46,900
19,522
54 469
46,858
20,075
54 867
46,780
20,493
55 699
46,679
20,290
56 397
46,773
20,524
56 900
46,891
20,837
57 262
47,073
20,919
57 119
'46,643
'20,985
'57 641
46,662
21,462
57184
d "
26 772
42 399
26 313
44 900
26 328
44 367
26 459
44 485
26 313
44 900
26 177
44 206
26 058
44 279
26 053
44 454
26 257
44 977
26419
44909
26 286
45269
26811
45666
27 218
45788
'27 548
'45 777
27780
45,710
96004
14 013
105 287
14 611
102 586 103 320
14 533 14 Yi7
105 287
14 611
106 390
15 002
107 523 108 309 109 160
15 045 15 013 15 165
109,580
15 245
110,611
15287
111,854
16243
Chemicals and allied
products
Petroleum
and
coal
products
....
Rubber and plastics
products
By stage of fabrication:
Materials and supplies
Work in process
KQ Q1 9
By market category:
Consumer stanles
Equip, and defense prod.,
exc. auto
do
Construction materials, supplies, and
intermediate products
do ....
Other materials, supplies, and
intermediate products
do ....
Supplementary series:
Household durables
do
Nondefense
Defense
do
do
Fabricated metal products
do
Electrical roach e
Transnortation e uit> nt
Aircraft missiles and parts
Nondurable goods industries, total
Industries with
unfilled
orders $
Industries without unfilled
orders Q ...
.
By market category:
Consumer stanles
Eauio and defense Drod exc aiito
Automotive eauioment '
Construction materials, supplies, and
Other materials, supplies, and
intermediate products
Supplementary series:
Household durables
Nondefense
Defense
See footnotes at end of tables.
,.
26,118
144,411
26,087
25,250
25392
25303
25,250
25,201
25,059
25,042
24,986
25,405
25,521
26,038
137,802
136,206
137,319
137,802
140,482
141,092
142,259
142,913
143,497
143,518
144,191
12600
118 529
83 119
35 410
231 583
125 170
106,413
227,095
12712
119 518
84 167
35 351
225 235
121 294
103,941
228,153
12791
121 064
85691
35 373
235 710
132 230
103,480
238,886
12952
122 944
87167
35 777
13046
12927
124 034 124 742
88241 88326
35 793 36 416
222 407 235 462 246 325
120 986 128 116 135 749
101,421 107,346 110,576
236,075 231,306 233,011
13 110 13 146 13026 13,232 13,513 13,687 13,718
125 413 126 541 127 190 128 543 129 122 '128 834 129,746
91,443 91,720 '91,803 92,031
89051 89,755 90,414
36 362 36 786 36776 37 100 37 402 '37 031 37715
231
196
246 498 213 360 229 098 '247,945 237,755
240 054
130 202 121 766 132 111 109 964 118 323 '132 753 125 176
109,852 109,430 114,387 103,396 110,775 115,192 112,579
239,907 233,753 235,157 230,447 236,793 '234,354 233,851
1 1 435 605 122 791
' 1 293 236
1 122 590 1 144 128
12428
1 53*724
1 60 273
4730
123 035
12624
4950
132 149
13 210
5*350
128 479 124 107 125 377
12602
11 885
13079
4. fflt^t
5 112
5 840
129 372
12865
A 741
6902
6820
6795
12 411 12917
12026
21 181 2i 443 21 710
18 977 20 110 19 922
34 898 32 401 39 550
14 145
10763
12005
104,304 105,118 106,737
6412
6 568
6274
12910
12983 13377
f{
22 384 21 921 22 2 i >
19 563 19 573 18 272
37
050
36*133 33*381
10730
15892
13350
107,596 107,199 107,634
6528
6686
7 163
13435
12792
13007
22 731 22288 23348
19593
19 890 18677
33470
33414
37*062
11405 12312
15240
110,535 110,229 110,020
6295
12820
20917
19773
34012
17,134
108,416
12791
12843
110 643 121 064
85691
77139
33 504
35 373
2 423 597 2 659 525
jjo.... 1 293 236 1 435 605
do .... 1*,130*,361 1,223,920
do.... ' 2,423,597 1 2,659,525
Primary metals
Blast furnaces steel mills
Nonferrous and other pri-
'26,025
144,478 144,189
24,222
127,722
do
do
Durable eoodsndu t ' e ° t tal
Nondurable goods industries, total
New orders, net (seas, adj.), total
By industry group:
112,073 111,923 112,366
15845 '15 428 15476
123 524 125 137
12481 11770
4870
4424
122 031 126 766 '125 227 123 559
11,031
11510 11251 11,399
r
4435
4787
4 541
4436
5,456
'6012
5972
13275 '13 689 13,764
21 044
22643 '22 554
19424 '20 898 20041
36 514 '32 555 33 117
12,018
12,426 11,570
110,027 109,127 110,292
i 59 129
1 136 494
221 041
1 212 442
1
337 585
1
116 403
1 73 288
1 142 602
1 253 798
1 227 440
1 3gg §32
1 136 560
do
1
291,418
'311,623
26,134
27,001
27,018
26,660
26,994
26,701
27,305
27,315
27,544
26,768
27,571
'27,282
27,335
do
1
838 943
'912297
78170
78117
79719
80,936
80205
80933
83230
82,914
82,476
81,648
82,456
'81,845
82,957
1 166 091
1 460*952
1 409 548
1 223 543
' 170 374
'501 477
' 466 606
' 247 655
14 264
42 936
39 164
22063
14 481
43 268
40391
22311
15 504
43 491
46534
23633
15 457
44417
40472
23295
14 646
44 525
40503
22141
14473
44945
41 711
21 342
14 977
45683
43728
22344
14361
46 136
40 138
22011
14558
45554
43069
20255
14 540
45278
40711
17*777
14769
46651
40089
24820
'14 823
'46 040
'41 707
'21,423
15065
46989
40,066
20,763
'205319
1
H '
d '
do
do.... '1,130,361 '1,223,920
d
do'
do
1
192 464
17 190
17 547
18098
18 163
17 180
17 106
17366
17 295
17 219
16805
17337
17 546
17,715
do
1
970 999 ' 1 066 503 91 478
90 155
91 626
94271
92311
93434
95809
93812
94502
95,336
93,127
'92,815
93,253
do
1
75 832
1 466 264
1
356 478
1
109 786
6963
44 216
35825
8391
7158
49 839
39432
10407
7,206
47 167
40352
6815
6813
45 348
37 189
8159
6,703
48 598
38 137
10461
7,119
48 940
40389
8551
6,639
44 862
37290
7,572
6,673
48 084
39146
8,938
6,801
49071
41,445
7,626
6,913
45086
37,130
7,956
'6,893
'45 980
'35,341
10,639
7,057
45138
35,782
9,356
do
do
'78985
'528 817
'419559
' 109 258
6590
45 318
34623
10695
Nov.
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-5
SURVEY OF CURRENT BUSINESS
December 1989
Annual
.,
Ir
LJnits
1987
1989
1988
1988
Oct.
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
May
June
July
Sept.
Aug.
Nov.
Oct.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SHIPMENTS,
INVENTORIES, AND ORDERS tt-Continued
Unfilled orders, end of period (unadjusted),
total
mil $
415 998 463 934
Durable goods industries, total
do
396 563 443 957
Nondurable goods industries with
unfilled orders $
do
19,977
19435
Unfilled orders, end of period (seasonally
adjusted) total
mil $
421 243 468 860
By industry group:
Durable goods industries, total #
do.... 400,720 447,868
Primary metals
do
25737
23896
Blast furnaces, steel mills
do....
10,903
11,637
Nonferrous and other primary metals
do....
12,591
10,265
Fabricated metal products
do.... 29,970
28,406
Machinery except electrical
do
52702 59963
Electrical machinery
do
93498
93696
Transportation equipment
do .. 173,733 212,120
Aircraft,
missiles, and
144 343 174 722
parts
do
Nondurable goods industries with
unfilled orders $
do
20523 20,992
By market category:
Home goods and apparel
do
8387
9075
Consumer staples .
do
836
675
Equip, and defense prod., excl.
252 751 286 731
auto
do
Automotive equipment
do
8888
9239
Construction materials, supplies, and
intermediate products
do
15541
15060
Other materials, supplies, and
134 443 148 477
intermediate products
do
Supplementary series:
Household durables
..
do
6480
6122
Capital goods industries
do
301 674 345 037
Nondefense
do
139 814 179 640
Defense
do
161 860 165 397
BUSINESS INCORPORATIONS @
New incorporations (50 States and Dist. Col.):
Unadjusted
number
Seasonally adjusted
do
451 858 454 256 463 934
431 551 434*209 443 957
474 304
454 056
480 632
460 302
488 259
467 347
493 060
472 295
490 531
469 868
491 250
470 213
496 816
475 754
19977
20,248
20330
20912
20,765
20,663
21,037
21,062
20,307
457 281 460 802 468 860
473 450
436,734 439,895 447,868
25473 25388 25737
10,903
10,754
11,010
452,769 455,952 460,897
25504
25996
25947
11,085
11,521 11,553
476 403
481 366
487 231
487 913
466,938 467,500
25883 26 114
10,520
10,698
491 834
496 359
r
492,402
472,071
20,945
20,331
495,002 495,794
497,468
21,109
r
476,952
470,917 475,834 474,253 '475,087
22,709
572
25705 25 115 24151 r23
r
8,688
8,795
9,117
9,655
10,086
12,591
12,428
28,406
28,354
59896 59963
93529 93498
205,091 212,120
12,121
28,191
60856
93267
216,419
12,075
12,106
28,299
28,524
60838 61 145
93615 92346
219,102 225,854
12,781
28,037
61 822
91 937
231,427
13,140
27,459
61 857
90662
233,720
13,190
27,567
62647
90416
237,131
12,634 r!2,431 11,705
13,059
25,767
26,995 26,210 '25,960
61978 61779 r62 088 61,444
90625 89985 r r90 571 90,632
244,047 245,266 245,654 248,866
168 121 169 763 174 722
179 176
181 110
187 793
193 939
196 185
198 610
206 512
20,992
20,681
20451
20469
20,293
20,413
20,917
20,525
12,219
28,540
59347
92518
203,650
20547
8 173
848
20907
8200
863
8387
836
274 659 278 513 286 731
8888
8782
8714
8736
786
290 025
8840
8585
755
293 375
8827
8450
731
297 284
8818
8533
687
302 675
8640
8234
921
304 197
8395
8124
1004
308 388
8,294
8151
'920
310 782
8115
208,617 r209,565 212,354
r
20,707
20,749
r
20,516
8263
r
913
8,442
920
763
310 586 311
r
7,817
7,972
313 507
7,637
8097
949
r
r
15527
15545
15541
15314
15094
14949
14842
14806
14670
14351
149 360
148 899
148 477
149 749
149 767
151 134
151 854
151 360
151 354
154 040
153 609 153 166
6122
5898
5884
334 927 337 971 345 037
169 571 172 884 179 640
165 356 165 087 165 397
6395
350 144
186 662
163 482
6253
353 634
190,396
163 238
6092
359 704
194 454
165 250
6234
365 412
200 244
165 168
5925
367 050
203 007
164 043
5817
371 150
207,394
163 756
5913
377 765
214 576
163 189
r
6,114
6043
5,908
377,769 rr378,787 381,564
215,560 215,171 216,872
162 209 163 616 164 692
58165
58516
58031
58499
55,905
58724
68311
60 133
55411
55245
62242
57738
61,041
57586
51373
54478
685 572 684 109
INDUSTRIAL AND COMMERCIAL
FAILURES @
Failures, total ....
number
61 384 57 093
Commercial service...
do
23928 22756
Construction
do
6811
6775
Manufacturing and mining
do
4703
4912
Retail trade
do
11485
12272
Wholesale trade
do
4451
4353
Liabilities (current) total
mil $ 34 818 2 35 892 7
Commercial service
do.
77612 79444
Construction . . .
do
23598 1 8539
Manufacturing and mining
do
40743 45027
Retail trade
do
27347 3991 3
Wholesale trade
do
1 534 1 20720
Failure annual rate
No. per 10,000 concerns..
102.0
98.0
20,047
492 888 rr493 140
471,779 472,195
54521
56557
49186
53638
4 146
1798
479
320
801
297
1 8255
3852
1183
2289
2454
807
4276
4783
4663
3894
4262
3926
1732
1 531 1 316
1411
1 650
1 752
514
597
538
649
566
583
379
350
288
359
399
288
1 080
890
888
814
938
889
380
270
311
319
315
338
2 047 5 20268 2 100 0 2 316 1 2 948 0 6 145 6
4350 10768
3762
'4803
3183
3431
2627
1036
109 5
1293
948
989
3269
1664
2647
3174
3554
391 1
1497
2004
161 3
161 6
4139
1406
77 g
94 i
632
1046
494
91 2
9
13789
!3 872
r
56,755
r
56 642
51,014
54502
4406
4231
3679
4 180
1 655 1 441 1 281 1394
628
'539
586
573
300
387
321
357
820
920
962
948
314
236
304
304
1 8732 2 1860 40734 29600
596.8
413.2
4415
4288
1889
141 9
1009
141 1
2648
3127
2909
2340
2352 10916
2598
1395
862
590
811
1062
3676
1230
532
336
832
275
17512
453.6
1697
2598
2299
456
13778
153,184
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
680
611
760
497
436
440
743
673
595
757
497
415
424
730
667
580
835
512
398
421
589
1 395
1 395
1 395
1 394
742
752
957
316
752
746
966
335
754
752
972
328
757
771
980
314
657
545
681
516
378
417
602
578
458
719
503
268
282
669
631
544
707
484
378
378
669
653
577
650
457
429
423
698
657
588
731
477
421
427
717
1 255
1 286
1 378
1 398
703
764
921
244
721
746
949
269
731
795
932
296
849
908
936
1 110
1 167
1 193
52
54
55
55
56
57
112.5
117.0
118.9
119.0
119.2
119.7
120.2
120.8
121.8
122.5
122.8
123.2
123.2
113.6
118.3
120.2
120.3
120.5
121.1
121.6
122.3
123.1
123.8
124.1
124.4
111.6
113.6
112.6
115.9
118.3
117.0
117.9
120.2
118.9
118.0
120.3
119.0
118.1
120.4
119.1
118.7
120.8
119.7
119.2
121.3
120.1
119.9
122.0
120.8
121.0
122.9
121.7
121.7
123.5
122.3
122.0
123.9
122.6
122.0
124.2
122.9
728
820
918
293
663
590
725
468
424
432
712
1400
739
826
939
288
682
604
891
455
432
439
656
677
595
833
447
431
441
653
679
590
744
475
436
445
585
672
604
851
497
438
442
613
1 411
1 389
1 389
762
801
992
292
773
777
991
343
762
820
983
294
943
953
1 207
1 220
655
546
622
539
378
416
745
1379
1442
773
807
996
316
769
856
968
316
663
r
553
r
709
r
557
r
371
r
418
780
1,417
r
778
r
899
r
984
293
671
560
743
560
373
419
780
1,398
787
930
981
306
949
953
1,227
1226
54
55
r
54
CONSUMER PRICES <>
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
ALL ITEMS, WAGE EARNERS AND
CLERICAL WORKERS (CPI-W)...1982-84=100 ..
ALL ITEMS, ALL URBAN CONSUMERS
(CPI-U)
1982-84=100..
Special group indexes:
All items less shelter
do....
All items less food
do.
All items less medical care
do....
See footnotes at end of tables.
123.6
124.2
124.4
124.6
125.0
125.6
125.9
122.0
124.3
123.0
122.6
124.8
123.4
123.1
125.4
124.0
123.3
125.6
124.2
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
f T ..
unus
1987
December 1989
1988
Annual
1988
Oct.
1989
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
July
June
May
Aug.
Oct.
Sept.
Nov.
COMMODITY PRICES—Continued
CONSUMER PRICES t— Continued
(U.S. Department of Labor Indexes}— Continued
Not Seasonally Adjusted
All items (CPI-U)— Continued
Commodities
1982-84-100
Nondurables
do
Nondurables less food
do
Durables
do
Commodities less food
do
Services .
do
Food #
do
Food at home
do
Housing
do
Shelter*
do
Rent, residential
do
Homeowners' cost
12/82=100..
Fuel and other utilities #
1982-84=100..
Fuel oil and other household
fuel commodities
do
Gas (piped) and electricity
do
Household furnishings and operation
..
do
Apparel and upkeep
do
Transportation
do
Private
do
New cars
.do
Used cars
do
Public . . . .
do
Medical care....
.
do
Seasonally Adjusted $
All items, percent change from
previous month
Commodities
1982-84- 100
Commodities less food
do
Food
do
Food at home
do
Apparel and upkeep
do
Transportation
do
Private ...
do
New cars
.
do
Services
..
do
PRODUCER PRICES §
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
All commodities
1982=100 ..
By stage of processing:
Crude materials for further
processing ...
..
do
Intermediate materials, supplies, and
components
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. #
do....
Motor vehicles and equip
do
Seasonally Adjusted i
Finished goods, percent change from previous
month
By stage of processing:
Crude materials for further processing
1982=100 ..
Intermediate materials, supplies, and
components
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
1982—$! 00
Consumer prices
1982-84—$! 00
See footnotes at end of tables.
1077
107 5
1018
1082
1043
1202
113 5
111 9
1142
121 3
123 1
124.8
103.0
111 5
111 8
1058
1104
1077
1257
1182
116 6
118 5
127 1
1278
131.1
104.4
113 5
114 2
1083
111 1
1095
127 6
1203
1190
119 9
1288
1294
133.1
105.4
1135
114 1
1082
1118
1097
127 8
1202
1187
119 9
129 1
1298
133.8
104.3
1135
1139
1075
1122
1094
128 1
1207
119 1
1202
1293
130 1
134.0
105.0
1139
1143
1071
1125
1092
1289
1222
121 2
1207
1298
1305
134.4
106.0
114 3
114 9
1076
1124
1095
1294
1229
1220
121 1
1303
1309
134.7
105.9
1152
1162
1094
1119
1105
1300
123 5
1227
121 5
131 2
131 1
135.0
105.9
1167
118 4
1128
1118
1125
1302
1242
123 5
121 6
131 2
131 4
135.4
106.2
1175
119 3
1139
1119
1132
1308
1249
1244
122 1
1318
1317
136.2
107.0
1172
1190
1131
1121
1128
131 6
1250
124 3
1229
1323
1323
136.5
109.2
1170
1187
1122
1119
1121
132 5
1255
1248
1239
1336
1330
137.3
109.7
1167
1184
1115
1114
1116
133 1
1258
124 9
1242
134 1
1335
138.1
109.7
117.3
1193
112.9
111.3
112.4
1334
126 1
1250
1243
1341
1339
138.9
109.7
118.1
120 1
114.1
112.1
113.4
1337
1265
1254
1244
1348
1347
139.7
108.0
118.3
1200
113.6
113.0
113.4
1341
126.9
125.8
124.5
135.2
135.2
140.3
107.5
779
1038
781
1046
746
1058
750
1037
768
104 1
805
1051
814
1049
815
1048
825
1050
815
106.1
802
1105
797
111.1
789
111.3
79.3
111.0
82.0
107.6
83 9
106.1
107 1
1106
1054
1042
114.6
113 1
121 1
130 1
1094
1154
1087
1076
1169
1180
1233
1386
1103
1207
1100
1090
117.7
1199
1242
141 2
110 6
1199
1107
1096
118.7
1197
1253
141 8
1106
1180
1108
1096
1191
1202
1265
1423
1109
1153
111 1
109.8
119.5
1205
127 5
1438
1109
1153
1116
1103
119.6
120 5
128 1
1452
1105
1193
1119
110.7
119.6
120 5
1282
146 1
1107
1209
1146
1136
119.4
1207
1284
1468
1108
1204
1160
115.0
119.5
121 0
1289
1475
111 1
1178
1159
1149
119.1
121 3
129 6
148 5
111 4
1150
1154
114.3
118.6
121 1
1297
1497
111 4
1150
1143
113.1
117.7
1203
130 1
1507
1117
120.0
113.7
112.4
117.0
1198
1301
1517
1119
122.7
114.5
113.3
118.6
1197
1306
1527
111.9
122.1
115.0
113.7
120.5
120.1
131.3
153.9
4
1130
1090
1206
1192
1174
110 1
109 1
117 8
127 4
3
1132
1091
1208
1193
1174
1104
1093
117 9
1280
3
1134
1092
1212
1198
1177
1104
1093
118 1
1286
6
1142
1099
1221
1209
117.7
111 2
1100
1189
1291
4
1146
1102
1226
1214
1175
111 9
1108
1193
1297
5
1153
1108
1236
1226
119.1
1126
111 5
1197
1303
7
1165
1124
1242
1233
1194
1150
114 1
1198
1306
6
1174
1133
1250
1243
120.4
116 1
1152
1196
1312
2
117 4
1131
1253
1245
1191
1159
1150
1193
1316
2
1173
1128
1257
1247
118.1
1152
114 2
1188
1323
0
1168
1120
1259
124.9
116.3
1143
1132
1185
1327
2
1170
112.1
126.2
125.0
118.3
1137
1125
1180
132.9
.5
117.7
112.8
126.7
125.6
119.5
1145
113.4
118.7
133.5
.4
117.9
112.8
127.4
126.5
119.6
114.7
113.5
119.6
134.3
112.3
113.2
112.9
'112.8
112.0
112.3
112.7
H2.7
102.8
106.9
108.2
108.3
109.0
110.5
110.8
111.5
937
960
959
94 5
97 3
101 4
101 2
103 2
1044
1061
104 1
103 9
1010
1020
1018
102.3
1127
1142
113.2
118.3
1127
1143
113.1
1188
1125
1141
112.8
118.7
1121
1133
111.8
118.8
112.4
113.5
112.1
118.8
112.3
114.8
113.3
120.3
112.2
114.8
113.2
120.6
101 5
1054
103.6
111 7
107 1
1080
106.2
1143
1086
1094
107.6
1160
1089
109 8
108.0
116 1
1094
1100
108.2
1164
1106
111 1
109.4
117 1
111 0
111 7
110.1
1175
111 5
112 1
110.6
1175
1124
1130
111.8
1176
109 9
97 5
104 4
109 6
99.2
1147
101 1
109 1
114 1
104.1
1164
1022
110 5
1156
105.4
1168
1020
111 0
1160
106.1
117 2
1028
111 4
1164
106.4
118 1
104 8
112 5
117 1
107.8
1183
1052
1129
1174
108.3
118 5
106 1
1134
1176
109.2
1187
1074
1144
1178
110.8
1189
1086
1150
1181
111.6
1190
108 2
1149
1183
111.3
1188
1081
1147
1182
110.9
1188
1067
1142
118.3
110.1
119.1
107.2
114.5
118.5
110.4
120.0
107.2
115.2
119.5
110.8
119.9
107.3
115.1
119.4
110.8
1037
955
1079
1026
106.4
1100
1049
1127
1063
116.3
113 5
1109
1150
1071
119.9
112 4
1079
1148
1075
121.1
1129
1089
1150
1081
121.7
1150
1120
116 6
1096
123.7
1146
1108
1166
110 1
124.3
116 1
1138
117 5
1105
124.5
1150
111 0
117 2
1118
124.9
116.8
115 1
1179
112.4
124.9
1154
1118
1174
112.4
124.1
115.5
1105
1181
112.2
123.1
114.9
1087
118.0
111.4
122.8
114.4
107.3
118.1
111.9
121.8
114.3
106.9
118.1
112.4
121.5
115.4
108.5
119.0
112.2
121.4
702
1099
120.4
112.8
110.4
107 1
110.0
121.8
103.0
105.1
112.5
111 7
667
1131
131.4
118.9
113.2
1187
111.2
130.4
109.3
109.2
114.3
113 1
64 5
1139
131.9
118.7
114.2
121 4
111.4
132.8
111.1
110.0
116.6
1169
644
1143
130.4
118.8
114.5
1228
111.5
133.1
111.2
110.2
116.3
116 1
65 6
1145
130.1
119.0
114.8
124 0
111.7
133.5
111.3
110.5
116.3
1160
68 1
1150
131.2
120.1
115.6
1253
111.8
135.1
111.9
111.0
116.8
1162
689
1153
133.2
122.0
116.0
125 1
111.8
136.3
112.2
111.3
117.1
1165
699
1157
136.8
123.2
116.3
1256
112.0
136.9
112.7
111.2
116.8
1155
742
1162
136.1
125.2
116.5
1256
112.6
137.4
113.0
111.6
116.4
1148
760
116.5
134.8
126.5
116.9
1252
112.7
137.8
113,0
111.8
117.2
1156
758
1170
135.2
127.4
117.3
124 0
112.8
137.9
112.8
112.2
117.6
1159
75.5
117.5
136.9
128.9
117.8
1230
112.8
138.0
112.8
112.6
116.9
114.5
72.0
117.6
137.2
128.9
117.9
1228
112.9
138.3
112.5
112.8
116.8
114.1
73.9
118.0
137.9
128.7
118.1
123.5
112.9
138.5
112.4
113.0
116.6
113.7
'73.7
118.0
138.4
130.7
118.3
123.8
112.9
139.1
112.4
113.2
119.9
119.4
73.0
118.0
138.2
129.8
118.6
122.9
113.1
139.2
112.5
113.5
119.9
118.6
1
3
4
9
4
4
9
1
-.4
.9
.4
.1
101.8
101.5
103.7
104.5
104.9
103.2
103.4
101.2
102.3
102.3
102.7
1108
111 1
1095
1167
1060
1163
1004
1169
111 3
112 1
1106
1178
1071
1169
101 6
1174
111 9
1126
111 2
1188
1075
1170
1022
117 5
1125
113 1
1120
118 1
1090
1163
1044
1174
1127
114 1
113 1
119 1
1101
117.2
1057
118 2
1124
1142
1129
1184
1102
1177
1056
1188
1122
1136
1122
1183
1092
1173
1044
1188
111 9
113 1
111 5
1187
1080
1175
1026
1190
1123
1141
1125
1180
109.7
119.1
1044
1202
1123
1146
1132
1196
110.0
118.7
1050
1198
1122
114.5
113.0
120.5
109.3
118.5
1040
120.2
900
826
895
823
892
818
885
812
876
808
881
800
871
796
871
795
949
880
926
846
96.6
94.8
97.8
108 6
109 2
107 4
1147
1038
1150
97 8
115 6
1090
109 5
1078
115 1
104 1
1150
983
1158
109 5
109 9
1082
1152
1047
1154
989
1162
914
832
911
831
909
830
11
875
806
r
r
-.5
876
804
883
803
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-7
SURVEY OF CURRENT BUSINESS
December 1989
n
Annual
.f
1987
1988
1988
Oct.
Nov.
1989
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
r
37,895
29889
18 593
12931
Aug.
Sept.
Oct.
r
39,114
30601
18024
12507
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:
Telecommunications *
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:
Telecommunications*
do....
Public, total #
do
Buildings (excl. military) # ....
do
Housing and redevelopment
do
Industrial
..
do
Military facilities
do
Highways and streets
.do
397,720
320 106
194 656
139 915
409,662
328 739
198 101
138 947
38,170
30434
18684
12920
91,994
13 707
55445
97,102
14 930
58 103
8637
1435
5 125
8,395
1 367
4949
8291
1 345
4*878
9 194
77614
25,158
1,519
1 457
4324
25340
8867
80924
27,455
1499
1413
3 579
28 523
780
7736
2,352
126
115
218
3230
829
6965
2,304
148
115
285
2476
810
5993
2,187
130
103
325
1 785
411.1
3314
2008
1398
4154
3328
2020
1419
4250
96.5
155
573
CONSTRUCTION CONTRACTS
Construction contracts (F.W. Dodge
Division, McGraw-Hill):
Valuation, total .
mil $ r258 570 r260 730
Index (mo. data seas, adj.) tt
1982=100 ..
nee
'165
Public ownership
mil. $.. r66,448 r67,847
Private ownership..
do
192 123 192 883
By type of building:
r
Nonresidential
do
91 361 r90 609
Residential
do
121
234 122 000
r
Non-building construction
do
45,975 r48 121
New construction planning
(Engineering News-Record) §
do.... 267,823 283,448
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: 0
Total privately owned
do
One-family structures
do ...
New private housing units authorized by building
permits (17,000 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 $
1982—100 ..
Boeckh indexes:
Average, 20 cities:
Apartments,
hotels,
office
buildings
1982-100 ..
Commercial and factory buildings
..do....
Residences
do
Engineering News-Record:
Building
1967=100..
Construction
do
Federal Highway Adm.— Highway construction:
Composite (avg. for year or qtr.). ..
1977—100
See footnotes at end of tables.
(3)
1,622.7
1 620 5 1 488 1
1 1464 1 081 3
1,535
1,024
1,456
994
2328
2183
114.4
116.2
117.3
115.1
1197
120.2
1183
1223
375.6
4098
384.6
4207
1720
1847
36,087
29 122
17674
12450
32,469
26476
14994
10554
r
r
r
r
28,166
23 018
13 183
9831
26,926
22 090
12 496
9 217
r
r
r
r
30,141
25 037
14 417
10544
32,210
26 288
15791
11 161
r
35,894
28 467
17 103
11799
r
37,578
29 683
18 092
12442
r
r
40,045
31 245
18 869
13 015
r
39,001
30 039
18016
12 598
r
7481
1 177
4372
7207
1 098
4219
7953
1 214
4706
7657
1 232
4462
8252
1 331
4832
8419
1 393
4894
8,198
1 344
4790
9,166
1 547
5309
r
8,949
1615
5 117
9,280
1734
5227
540
556
4836
2,088
136
94
642
5 104
2,100
122
126
312
1 233
682
5922
2,361
135
106
171
1 757
786
7 427
2,497
177
121
323
2540
766
7895
2,597
175
128
3*60
2939
699
8005
2,766
163
105
272
2898
790
8800
2,927
179
122
307
3407
r
740
8962
'2,856
167
165
r
352
r
3266
8,513
2,823
166
124
271
3096
4168
338 1
r
2021
1432
4119
3325
r
2007
141 8
4165
3306
1970
1382
4125
3290
1942
1365
409.6
3280
1943
1366
4158
331 5
1936
1358
r
415.9
3294
1918
1340
420.1
3320
1936
1353
5 148
2,032
122
59
287
286
1 048
1 350
r
r
4166
3332
r
2005
1453
r
r
r
r
r
2025
1433
4230
3377
r
2029
1456
96.1
154
567
98.3
1005
98.6
15 1
587
101.8
157
607
960
162
556
97.5
159
568
98.7
163
57 4
97.5
164
565
101.8
17
6
r
577
101.4
180
r
573
102.6
183
580
8.8
797
269
15
14
26
287
9.2
826
280
18
14
34
290
98
888
285
16
12
39
337
82
853
278
15
7
34
308
80
834
299
16
11
34
279
7.8
787
278
15
15
37
261
88
794
29 2
16
13
21
278
89
859
299
21
14
39
274
86
835
29 5
21
15
43
273
8.5
81 6
301
20
13
33
261
82
842
r
308
21
15
37
r
272
8.5
86 5
r
310
r
20
20
42
r
274
880
321
20
15
33
269
22223
171
5,805
16418
19 767
163
r
4,782
14 985
19 125
175
r
4,762
14 363
15776
171
3,723
12053
15086
159
3,998
11 089
21 080
158
6,011
15068
21725
173
6042
15684
23796
166
6,754
17042
24650
166
6,859
17792
22330
169
6,111
16219
24 128
162
6,381
17747
23 371
178
6,725
16647
22669
167
6,278
16391
7913
10473
r
3837
r
7327
r
9544
r
r
6693
r
9 031
r
3401
6081
7 515
2 181
5 183
7 137
2766
6600
10 118
4361
6 510
10 999
4216
7959
11 389
4448
8496
11 568
4586
7976
10318
4036
8626
11 554
3949
8786
10 159
4426
8533
10517
3,619
23176
25,114
20652
23659
22688
25083
23972
20155
24319
21,210
25,170
21,042
25,564
23,182
942
657
100 1
699
858
593
117 8
83 5
1294
1004
131 7
1014
1432
1003
1347
980
1224
917
1093
r
824
1303
r
913
980
726
2896
r
150
587
159
594
r
r
r
r
r
r
r
r
1352
135 1
977
1132
1130
81 2
1532
1136
1567
1138
1 577
1 141
1 678
1 199
1 465
1 029
1 409
981
1 343
1 029
1308
977
1406
972
1420
1026
1,329
990
1,264
r
971
1,428
1,024
1,361
1,015
1,526
1,029
1,508
1,027
1,518
1,058
1,486
1,052
1,403
989
1,230
870
1,334
954
1,347
905
1,308
874
1,281
906
1,328
927
1,319
946
1,356
r
961
1,333
976
(3)
198
17 6
142
153
146
182
17 1
19 1
189
144
194
165
177
216
227
225
232
212
207
198
205
202
178
194
185
191
117.1
1186
1198
1197
1195
119.5
116.9
116.9
121.5
1196
1237
386.6
424 1
387.2
4252
1239
121 1
1256
387.3
4252
184 1
387.7
4258
120.4
386.8
4252
387.3
4252
1920
387.7
4255
388.0
4257
121.2
388.7
427 6
1767
389.4
4280
121.3
121.4
125.5
125.2
1288
125.5
125.1
1287
124.8
1240
1274
124.2
1235
1267
124.0
121 5
1263
119.9
390.6
4288
394.9
4325
1839
395.4
4325
2
395.8
2
4334
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
IT
..
1987
December 1989
1988
Annual
1988
Oct.
1989
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Nov.
Oct.
CONSTRUCTION AND REAL ESTATE-Continued
REAL ESTATE <)
Mortgage applications for new home construction:
10.4
10.9
FHA applications
thous. units..
12.5
9.9
12.4
12.2
7.3
7.2
7.3
8.5
151
132
Seasonally adjusted annual rates
do
142
128
132
92
138
91
104
104
120
9.5
10.4
9.0
10.2
9.2
Requests for VA appraisals
do....
10.4
9.5
9.1
13.7
193.4
8.0
7.7
9.1
149.8
9.6
8.3
132
145
111
108
113
Seasonally adjusted annual rates
do
110
103
102
135
120
190
201
116
109
Home mortgages insured or guaranteed by:
Fed. Hous. Adm.: Face amount
mil. $.. 81,880.51 42,577.16 4,642.41 2,535.11 3,501.38 4,629.29 3,508.80 3,189.10 3,064.37 3,166.56 3,773.70 3,059.58 3,511.30 4,325.96 4,790.37
Vet. Adm.: Face amount §
do.... 33,322.54 15,773.84 1,388.99 1,334.34 1,368.01 1,239.99 1,222.92 1,363.51 1,127.15 1,164.14 1,071.66
984.90 1,102.03 1,032.98 1,217.43 1,326.48
Federal Home Loan Banks, outstanding advances
to member institutions, end of
period
mil. $.. 133,054 152,777 142,260 145,771 152,777 154,014 158,267 163,779 165,630 164,268 161,870 159,648 156,293 151,101 148,745 145,337
New mortgage loans of SAIF-insured
15,522 213,778 18,541
253,407 '240,297 19,647 18,319 21,677
institutions, estimated total @
mil. $
16,113 16,124 15,774 13,218 16,522 15,400
By purpose of loan:
1,902
Home construction
do..
'2,325
2,039
2,426
2,397
1,971 2 21,796
2,268
2,503
2,705
2,256
2,432
28,413 r29,555
'9,837 12,786 12,189
Home purchase
do.. 190,750 '176,403 14,750 13,634 15,273
12,126 11,822 11,403
13,768
11,458 10,343
2
1,308
1,411
1,342
All other purposes
do..
1,945
1,904
1,719
2,269
1,640
3,700
'2,429
34,245
'2,464
DOMESTIC TRADE
ADVERTISING
Magazine advertising (Leading National
Advertisers):
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.): tt
Total
mil $
Classified
do
Retail
do
29412
10691
3494
15227
31 197
11 771
3 586
15,840
7317
2810
895
3,612
8520
2844
920
4756
WHOLESALE TRADE t
Merchant wholesalers sales (unadj.),
total
mil $ 1 482 9751 588 330 141 335 138 289 136 599
Durable goods establishments
do
70825 68957 67 261
725 683 782 744
Nondurable goods establishments
do
70510 69332 69338
757 292 805 586
Merchant wholesalers inventories, book value
(non-LIFO basis),
end of period (unadj ) total
mil $
162 964 178 884 178 969 178 197 178 884
Durable goods establishments
do
105 145 114 176 115 561 114 648 114 176
57819 64 708 63 408 63 549 64 708
131 786 127 414 148 920
63265 62003 72946
68 521 65411 75974
137 567 148 832 146 662
68014 73231 72803
69553 75601 73859
181 054 181 481 181 246
115 885 117 512 117 890
65 169 63 969 63 356
182 305 181 114
120 185 121 145
62 120 59969
RETAIL TRADE t
All retail stores:
Estimated sales (unadj.), total
mil. $.. 1,521,417 1,629,150 135,898 140,249 170,811 122,467
Durable goods stores #
do.... 572,489 628,543
51,113 51,683 59,847
46,036
Building materials, hardware, garden
supply, and mobile home dealers mil. $.. 81,549 88,894
5,880
7,318
7,876
7,255
Automotive dealers
do
334 429 369,028 29660 28766 28613 27233
Furniture, home furnishings,
and equipment
do
7505
84562 92952
8643 11 130
7713
Nondurable goods stores
do
76431
948 928 1 000 607 84785 88566 110 964
General merch. group stores...
do
15357 18800 29 944
176 023 183 783
10954
Food stores
do
27 204
314 605 331 892
27927 27764 30888
Gasoline service stations
do.... 98,680 101,916
7,985
8,724
8,499
8,365
Apparel and accessory stores
do.... 77,998 82,028
5,480
7,780 12,026
7,018
Eating and drinking places
do.... 147,717 157,504
12,497
13,681 12,955 13,792
Drug and proprietary stores
do.... 54,958 58,729
4,898
4,884
4,796
6,498
Liquor stores
do
1 425
1 508 1 574 2303
19458 19 143
Estimated sales (seas, adj.), total ...
do
'138 259 '139 520 139 189 140 040
Durable goods stores #
do..
53,815
'53 228 '53,984 54,154
Bldg. materials, hardware, garden supply, and mobile home dealers #.. mil $
7742
'7 462
7822
'7599
Building materials and
supply stores
do.
'5284
5,678
5639
'5,474
Hardware stores
do
1 175
'1 206 1 195 1 190
Automotive dealers ...
do
31
194
'31 481 '31 871 31803
Motor vehicle and miscellaneous
auto dealers
do
28725
'29 017 '29 430 29350
Auto and home supply
stores
do
2453
2469
'2441
'2464
Furniture, home furnishings,
and equipment #
do
8264
7947
'7 862
'7 995
Furniture, home furnishings stores
do
4123
3986
'3940
'3896
Household appliance, radio, and
TV stores
do...
3,555
'3,507
3,391
'3,397
134 412
66904
67508
182 346 182 771 180 360 '181 925 187,574
121 043 123 080 121,019 '120,951 122,180
61 303 59691 59341 '60 974 65394
118,891 139,759
45,146 53,784
137,924
53,754
148,165
58,971
147,055
58,702
142,630
55,307
6,774
33262
7,865
32,491
9,069
35,242
8,737
35,016
8,187
32,874
8089
89 194
15489
30281
9,859
7,056
14,153
5,178
1 645
142 543
54,139
8,308
88353
15,219
30388
9,819
6,834
14,456
5,054
1 675
142,500
54,016
7,962
87323
14,166
30794
28,952
9,887
14,627
4,956
1 725
143,555
54,653
5,491
27201
7054
73745
11 025
26 125
7,649
5,103
11,885
4,778
1 335
139 428
53,071
7,596
7840
85975 84 170
14537 14657
29459 28373
9,113
8,599
6,774
6,992
13,648
13,567
4,814
5,223
1 509
1499
139 516 141 413
52,886 53,901
148 912 142 118 151,673
74373 '71 887 76,779
74539 '70 231 74,894
150,861 142,110 140,140 146,617
1
59,946 r55,181 '52,084 52,696
8,564
36,042
'7,813
'32,859
'7,944
29,705
1
r
'8,154
'8,116
8,489
90,915 '86,929 '88,056
15,908 14,931 15,770
30651 '29,881 '29,384
'9,204
'9,072
9,707
'7,225
'7,247
7,786
14,850 13,913 13,889
'5,108
'5,055
5,187
1,561
1610
1674
144,860 145,293 143,358
55,876 '55,861 '54,174
7483
7228
7481
7611
7,593
7,605
7,731
'7,583
'7,502
5,409
1 149
30643
5190
1 117
30787
5,351
1 139
31407
5,402
1204
31172
5,384
1 193
31,165
5,325
1208
31851
5,395
1215
32,724
'5,291
1,221
'32,972
5,321
1,217
'31,358
28 174
28273
28868
28573
28599
29268
30116
'30 280
'28,667
2469
2514
2539
2599
2,566
2,583
2,608
'2,692
2,691
8287
8 195
8329
8366
8412
8238
8365
'8319
'8,389
4031
3929
3994
3948
3,910
3894
3,967
'3,883
3,888
3,665
3,697
3,768
3,853
3,928
3,762
3,791
'3,802
3,877
1
7,436
28,654
1
9,173
1
93,921
1
19,944
1
29,966
1
8,928
8,374
13,333
'5,180
1
1
1
144,557
1
54,536
1
7,650
1
31,523
1
28,801
1
8,525
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-9
SURVEY OF CURRENT BUSINESS
December 1989
Annual
,.
IT
LJnils
1987
1989
1988
1988
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
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 excluding
leased departments
do....
Variety stores
do
Food stores
.
do
Grocery stores
do
Gasoline service stations
do
Apparel and accessory stores #
do....
Men's and boys' clothing and
furnishings stores
do
Women's clothing, specialty stores,
Shoe stores
..
do
Eating and drinking places
do...,
Drug and proprietary stores
do...,
Liquor stores
do
Estimated inventories, end of period:
Book value (non-LIFO basis),
(unadjusted) total
mil $
Durable goods stores #
do
Bldg. materials, hardware, garden supAutomotive dealers
Furniture, home furnishings,
and equipment
Nondurable goods stores #
do
do
do
r
85 031
15 556
r
85 536
15,702
85035
15754
86225
15985
86357
15,755
86,630
15,746
87512
15,878
88,404
15,743
88,484
16,025
88,902
16,090
88,984
16,012
r
89,432
16,320
r
89,184
16,236
1
90,021
1
13,082
r
690
r
28
177
r
26
410
r
8612
r
7,035
13,182
r
700
r
28
447
r
26,647
r
8518
r
7,016
13,238
695
28026
26263
8457
7,101
13,353
683
28730
26928
8477
7,189
13,238
654
29016
27,193
8633
6,978
13,246
643
29,046
27,156
8,847
6,977
13,400
623
29243
27,445
9,186
7,248
13,208
640
29,606
27,768
9,453
7,287
13,471
660
29,592
27,770
9,369
7,337
13,497
672
29,775
27,946
9,327
7,385
13,444
672
29,895
28,060
9,072
7,444
13,674
r
683
r
29,949
r
28,137
r
9,054
r
7,377
13,598
709
r
30,182
r
28,347
r
9,032
r
7,353
13,655
742
774
808
776
772
781
774
775
766
768
r
788
r
2750
2757
2688
1275
1233
1228
13,696
13,492
13,565
r
r
4,875
5,030
4,970
1 555 1 571 1 590
2812
1280
13,778
5,129
1 623
2707
1,209
13,677
5,199
1 614
2723
1,216
13,581
5,151
1619
2799
1,314
13,567
5,057
1633
2815
1,329
13,648
5,132
1648
2792
1,345
13,676
5,095
1641
779
774
2772
1,328
13,858
r
5,344
1,656
2779
1,298
13,792
r
5,304
1,628
215 842
114 461
226 290
111 742
230 599
115 396
215 842
114461
215 551
114 898
221 571
117*591
226 793
119414
229 201
120 293
230 642
121 298
230 716
121 487
14 126
56596
14 861
60719
14674
54915
14728
57727
14 861
60719
14971
61 450
15647
63816
16 187
64*733
16083
65609
16262
66*116
16050
66*.260
16231
96083
33478
18030
101 381
35 222
19 127
114 548
43 637
19337
115 203
44 025
18030
101 381
35222
17 679
100 653
34682
17 527
103 980
36823
17799
107 379
38828
17 624
108 908
39711
17 655
109 344
39505
17752
109 229
39204
28293
21 852
34723
22002
35361
22 157
28293
21 852
27726
21 715
29492
21 658
31 170
21 915
32030
22032
31 913
22338
31 628
22464
32257
22404
16 173
19772
19651
16173
15965
17323
17922
18034
18003
17769
18578
218 093
112 904
221 242
114 994
222 584
115704
224 185
116 169
224 693
115 993
226 656
117 093
230 423
118 835
15610
59421
14897
57660
15 137
58183
15610
59421
15514
60 123
15694
60631
15685
60656
15479
62440
15667
63739
15613
64054
18084
106 248
38766
18027
105 035
38231
18 106
105 189
38405
18084
106 248
38766
18 151
106 880
38 578
18 182
108 016
39049
18 162
108 700
39459
17856
109 563
39496
17906
111 588
40439
17968
112 220
40866
30,989
21706
30,459
21 475
30,669
21228
30,989
21 706
30,875
21 845
31,275
21 910
31,645
21 949
31,682
22221
32,531
22540
33,015
22508
15
385
r
59*,130
15585
63,157
17522
17699 18 015 18626
118 515
111 036 113,981
40230 r41 658 44 199
r
33 313
r
22 255
35444
22609
19,344
19,961
17522
17759
18 177
18067
18 179
18427
52791
6663
738
46 128
15446
64082
15,385
r
65,450
15474
66,971
18 116 18 179 18261
568 114 003
112 967 113
41 345 r41 458 41808
'33,380
22,668
33,724
22,667
33,427
22586
r
18548
18709
18 690
18708
52244
6576
753
45668
50966
6393
749
44573
r
53,899
r
6643
r
772
r
47,256
51,512
6338
721
45,174
17813
17656
50208
6 149
682
44059
54671
6743
652
47 928
74881
10383
634
64498
43742
5206
538
38536
42223
4854
503
37369
50 597
5790
641
44807
49761
6020
658
43741
170 529
187 687
184 820
43888
39302
14 270
15694
15479
3708
3411
17 565
15595
15363
4263
3 224
27 994
17 627
17 233
6 678
3386
10 123
15 636
15 423
2734
3 147
10 218
14813
14587
2625
2986
13487
16649
16384
3785
3 502
13 572
15*850
15632
3644
3 511
14331
16791
16556
3812
3 552
14 124
16695
16462
3708
3607
13066
16941
16712
3496
3712
14 760
16 754
16
521
r
4369
r
3776
13794
16542
16320
3980
3,512
34515
2748
50842
641
2860
50997
618
4 146
50802
622
2 924
52494
645
2846
51 858
3 110
51 584
650
3081
52764
685
3029
53073
708
2955
53286
*715
r
647
2830
52305
649
r
3089
53r308
704
2981
53829
713
12688
566
15667
3773
12793
557
15645
3778
12834
547
15400
3716
12952
548
16099
3884
12791
12790
513
15953
3721
12899
494
16 132
3952
12726
503
16263
3988
13,032
525
16219
3996
13,030
535
16352
4017
12,999
r
529
16 293
r
4076
13,240
541
16452
4080
1 483
2,902
2,948
761
13,918
1
5,297
15226
58,694
598 623
74492
7 624
524 131
771
9,110
7,531
231 762 232 831 235 350 237 673
119 542 119 864 121 782 123 670
216 724
111 689
1453
1
r
221 242
114 994
514
16083
3779
1
30,416
1
28,617
7
229 497 r229 461 234 737
118 461 115 480 116 222
201 799
105 716
Department stores excluding
leased departments
do
26510
Food stores
do
20*521
Apparel and
accessory
stores
do
15728
Book value (non-LIFO basis),
(seas adj ) total
do
206 981
Durable goods stores #
do
106 271
Bldg. materials, hardware, garden supply, and mobile home dealers
do
14823
Automotive dealers
do
55500
Furniture, home furn.,
and equip
do
16280
Nondurable goods stores #
do
100 710
General merch group stores
do
36856
Department stores excluding
leased departments
do.... 29,036
Food stores
do
20362
Apparel and
accessory
stores
do
17022
Firms with 11 or more stores:
Estimated sales (unadj.), total
mil. $
567 503
Durable goods stores
do
67 830
Auto and home supply stores
do
7 274
Nondurable goods stores #
do
499 673
General merchandise group
stores
do
162 306
Food stores
do
179 202
Grocery stores
do
176 420
Apparel and accessory stores.
do
41 866
Eating places
do
37793
Drug stores and proprietary
stores
.
do
32255
Estimated sales(sea. adj.), total* .
do
Auto and home supply stores....
do
Department stores excluding
leased departments
do....
Variety stores
.
do
Grocery stores
do
Apparel and accessory stores
do
Women's clothing, specialty stores,
and furriers
do
Shoe stores
do
Drug stores and proprietary
stores
do
2801
1,340
13,750
5,250
1,649
2785
1,351
13,734
5,179
1655
r
r
16,352
1480
1 545
1 472
1 474
1 555
1 596
844
828
1 554
842
1 552
852
1553
r
849
1532
852
2,846
3,071
3,159
3,049
3,033
3,081
3,078
3,127
'3,175
3,209
188,286
127,132
1,688
186,598
125 444
119,092
6,352
188,428
125,530
1,702
186,726
123 828
117 498
6,330
188,580
126,125
1,709
186,871
124 416
118,194
6,222
188,721
126,368
1,704
187,017
124 664
118,168
6,495
123 428 123 181 123 264 123 659 123 610 124 102 123 956 124 018 124 040
664
665
666
665
664
663
663
665
665
116,711 116,853 117,136 117,113 117,215 117,541 117,459 117,597 117,456
62.9
63.0
63.0
63.1
63.0
63.0
63.0
62.9
62.9
3,257
3,307
3,096
3,219
3,104
3,206
3,223
3,112
3,300
113,411 113,630 113,930 114,009 114,102 114,445 114,240 114,290 114,199
6584
6421
6497
6561
6128
6546
6328
6395
6716
124,105
664
117,545
62.9
3,217
114,327
6,561
124,515
66.6
117,786
63.0
3,141
114,644
6,729
1370
1374
760
782
751
744
LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE AND POPULATION
Not Seasonally Adjusted
Noninstitutional population, persons 16
years of age and over
thous ..
Labor force @
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
Participation rate t
Employed, total
Employment-population ratio t
Agriculture
Nonagriculture
Unemployed, total
Long term, 15 weeks and
over..
See footnotes at end of tables.
do
percent
thous ..
percent ..
thous ..
do ....
do
do
184,490
121 602
1,737
182,753
119 865
112 440
7,425
186,322
123 378
1,709
184,613
121 669
114 968
6,701
656
659
61.5
3,208
109,232
62.3
3,169
111,800
1 983
1 610
186,801
124 119
1,687
185,114
122 432
116 250
6,182
186,949 187,098
124 344 123 816
1,696
1,705
185,244 185,402
122 639 122 120
116314 115 978
6,142
6,325
122 091 122 510 122 563
660
661
661
115,573 115,947 116,009
62.4
62.6
62.6
3,238
3,193
3,238
112,335 112,709 112,816
6563
6518
6554
1 554
1 502
1 495
187,340
123 791
1,696
185,644
122 095
114 786
7,309
1 512
187,461
123 590
1*.684
185,777
121 906
115 023
6,883
1 304
187,581
123 907
1,684
185,897
122 223
115 844
6,378
1 310
187,708
124 260
1,684
186,024
122 576
116347
6,229
1 426
187,854
124 869
1,673
186,181
123 196
117 039
6,156
1 313
187,995 188,149
127 235 127 904
1,666
1,666
186,329 186,483
125 569 126 238
118719 119 502
6,736
6,850
1 258
1472
1 305
1 445
8-10
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
,,.lta
1987
December 1989
1988
Annual
1988
1989
Nov.
Oct.
Jan.
Dec.
Mar.
Feb.
Apr.
Nov.
Oct.
Sept.
Aug.
July
June
May
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 §
Employees on payrolls of nonagricultural
Total, not adjusted for seas, variation...
Private sector (excl. government)
Seasonally Adjusted
Total employees, nonagricultural
payrolls
Private sector (excl. government)..
Nonmanufacturing industries
Goods-producing
Mining
->
Construction
Manufacturing
.
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equip
Transportation equipment
Instruments and related
products
.
Miscellaneous manufacturing
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile
products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real
estate
Services ..
Government
Federal
State
Local
Production or nonsupervisory workers on
nonagric. payrolls, not seas, adjusted
Manufacturing
Seasonally Adjusted
Production or nonsupervisory workers on
nonagricultural payrolls
Goods-producing . ..
Mining
.
Construction
....
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass
products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equip
Transportation equipment
Instruments and related
products ..
Miscellaneous manufacturing
See footnotes at end of tables.
estab.:
thous..
do ....
62
54
54
169
5.3
130
8.8
3.9
4.3
9.2
55
48
49
153
47
11 7
82
33
3.9
8.1
53
46
47
150
46
11 2
7.8
3.1
3.7
7.9
54
48
47
141
46
11 2
80
33
3.8
77
53
47
47
148
46
11 6
76
31
3.7
82
54
46
47
164
46
120
84
31
3.6
8.0
51
45
45
148
43
11 9
68
31
3.4
80
50
42
46
137
42
109
65
29
3.5
7.9
53
46
47
144
46
108
83
32
4.0
76
52
43
48
152
44
11 0
79
29
3.8
8.3
53
43
49
156
45
11 9
81
28
3.8
79
52
43
50
147
4.6
109
9.0
2.9
3.8
8.7
52
44
47
145
4.5
11 1
9.0
3.1
3.9
8.0
5.3
4.8
4.5
15.1
4.5
116
8.3
3.4
3.8
7.6
5.3
4.5
4.7
14.9
4.4
118
7.9
3.0
4.0
7.6
5.4
4.7
4.7
15.5
4.6
12.1
7.8
3.1
3.7
8.3
62
116
60
5.8
10.5
55
106
53
50
10.6
54
100
53
50
10.2
55
106
51
49
9.3
54
104
52
50
8.8
56
104
53
50
9.5
51
100
49
44
8.9
50
94
48
47
8.9
54
97
49
47
10.5
52
93
49
45
10.3
53
100
52
46
11.0
54
105
5.0
4.7
8.5
54
103
52
4.8
8.6
5.4
10.4
5.1
4.7
7.7
5.3
9.0
5.4
5.2
10.0
5.5
9.8
5.3
5.5
12.1
2.3
1.9
1.9
1.6
1.7
2.1
2.0
1.8
1.8
1.9
2.0
2.2
2.1
2.3
1.9
2.0
4.3
7.7
6.1
9.4
71
40
69
5.4
8.4
72
3.9
6.8
5.0
7.0
63
38
6.8
5.2
7.8
75
3.5
6.2
5.3
8.2
75
43
7.0
6.7
10.0
92
40
6.3
6.8
9.2
85
3.8
5.9
6.1
8.3
79
36
7.0
5.6
7.8
63
3.9
6.6
5.1
6.9
54
3.8
6.9
4.9
7.6
51
4.1
6.5
4.0
8.1
47
3.9
6.4
4.5
7.5
51
4.0
6.5
4.6
7.5
46
4.1
6.3
4.5
7.3
63
3.8
6.9
4.7
8.0
8.5
102,200
85,190
105,584
88,212
107,279 107,736
89,571 89,827
107,917
90,098
105,915
88,380
106,342
88,463
107,017
89,052
107,944
89,975
108,745
90,715
109,534
91,742
108,540
91,733
do
102 200 105 584
do
85190 88212
do .... 66,166 68,809
do
24,708 25249
do
717
721
do
4967
5 125
do
19024 19403
do
11 194 11 437
741
do..
765
516
do....
530
do....
586
600
do....
747
774
1,401
do....
1,431
do....
2,008
2,082
do ....
2,069
2,070
do....
2,051
2,051
106 475 106 824 107 097
88991 89299 89574
69,486 69,742 69,985
25384 25,460 25513
717
711
712
5 162
5 191
5213
19 505 19 557 19 589
11 509 11 545 11 565
780
770
775
532
531
532
607
603
605
785
783
784
1,442
1,449
1,445
2,126
2,110
2,120
2,073
2,067
2,075
2,063
2,055
2,060
109,993 "110,335
108,666 109,486
91,973 r91,916 '91,912 "92,069
107 442 107 711 107 888 108 101 108 310 108 607 108 767 108,887 109,096 109,189
91,083 '91,230 '91,336
89897 90124 90,291 90475 90,623 90884 91,016
70,249 70,476 70,611 70,803 70,956 71,234 71,367 71,439 '71,671 '71,793
25,626 25629 25,646 25,671 25,672 25,648 25,669 25,694 '25,614 '25,607
'731
730
729
706
722
720
714
715
711
711
'5,333
5321 '5,325
5314
5283
5283
5252
5270
5279
5267
19,543
19650 19,649 19,644 19,559
19648 19 648 19680 19672 19667
11,551 11,480 11,454
11,549
11567
11605 11 594 11604 11600 11,594
763
759
763
767
771
769
111
778
772
784
528
525
529
536
534
534
537
534
535
532
'600
'597
602
601
603
604
606
607
608
607
'776
786
785
787
787
788
788
786
786
1,432
1,438
1,443
1,446
1,452
1,449
1,454
1,457
1,458
1,458
'2,139
'2,147
2,152
2,154
2,151
2,150
2,144
2,143
2,138
2,134
'2,018
'2,023
2,034
2,040
2,041
2,050
2,058
2,062
2,060
2,065
'2,038
'2,030
2,068
2,046
2,062
2,076
2,073
2,071
2,067
2,079
"109,399
"91,535
"72,019
"25,604
"738
"5,350
"19,516
"11,430
"765
"524
"601
"775
"1,431
"2,148
"2,010
"2,010
do
do ....
. do
do....
do....
do....
706
371
7830
1,620
55
726
749
386
7967
1,636
56
729
758
384
7996
1,644
55
726
762
387
8012
1,648
56
725
767
389
8024
1,646
56
724
770
390
8043
1,650
56
728
772
391
8054
1,650
56
728
776
390
8076
1,655
56
729
111
391
8072
1,657
54
728
778
392
8,073
1,656
53
728
779
392
8,083
1,663
52
729
781
392
8,100
1,678
53
730
782
393
8,093
1,667
52
727
780
'393
8,079
1,674
51
723
'780
'391
'8,089
1,680
51
'725
"778
"388
"8,086
"1,675
"51
"722
do
do....
do...
do....
do ....
1,099
680
1,506
1,026
164
1,092
693
1,561
1,065
162
1 083
695
1,577
1,074
162
1 088
695
1,581
1,075
162
1 090
'696
1588
1,079
162
1,092
696
1,595
1,084
160
1 096
696
1595
1,085
161
1,101
697
1,600
1,088
161
1,098
696
1,601
1,090
162
1,095
697
1,603
1,094
162
1,093
697
1,607
1,096
163
1,094
701
1,609
1,091
163
1,095
700
1,611
1,097
163
1,088
697
1,612
1,095
163
1,085
'698
1,613
1,096
163
"1,085
"698
"1,619
"1,096
"164
do
do....
do
do ....
do
do.
811
143
77492
5,372
5844
18,483
829
144
80335
5,548
6029
19110
836
144
81091
5,596
6086
19,229
839
143
81364
5,616
6 104
19,282
840
143
81584
5634
6 125
19328
839
143
81 816
5,654
6 146
19,407
843
144
82082
5,667
6 171
19,460
845
144
82,242
5,666
6197
19,488
843
143
82430
5,682
6206
19,489
843
142
82,638
5,700
6,222
19,528
841
142
82,959
5,716
6,230
19,551
841
140
83,098
5,736
6,237
19,586
841
140
83,193
5,618
6,256
19,621
837
139
'83,482
'5,709
6,264
19,632
"837
838
"139
140
'83,582 "83,795
'5,733 "5,744
'6,275 "6,293
19,677 "19,710
do
do
do
do
do
do
private
thous.
do
6,547
24236
17 010
2943
3967
10 100
6676
25600
17372
2971
4063
10339
6710
25986
17484
2986
4081
10417
6726
26 111
17 525
2983
4085
10457
6744
26230
17523
2981
4085
10457
6,746
26318
17 545
2978
4084
10483
6,763
26434
17587
2982
4095
10510
6,774
26520
17597
2,982
4 102
10 513
6,776
26651
17626
2982
4 111
10533
6,790
26711
17,687
2,999
4 119
10569
6,808
26931
17723
2,995
4 136
10592
6,815
26973
17,751
3,000
4 145
10606
6,836
27,058
17,804
2,999
4 154
10651
'6,852
'27,159
17,866
'2,996
'4182
10,688
'6,849 "6,864
'27,195 "27,320
17,853 "17,864
'2,985 "2,990
'4,161 "4,183
10,707 "10,691
68,976
12970
71,413
13254
72,596
13433
72,810
13460
73,029
13420
71,336
13312
71,391
13 318
71,923
13348
72,751
13362
73,428
13390
74,343
13487
74,324
13296
74,547
13452
'74,475
13 474
'74,476 "74,613
13,415 "13,379
private
thous
do
do
do
do
do
do..
do
68,976
17358
'511
3877
12970
7,439
620
413
71,413
17775
519
4002
13254
7,635
637
423
72,021
17865
515
4026
13324
7690
641
425
72,273
17 929
511
4053
13365
7,717
645
426
72,494
17 963
510
4068
13385
7730
647
426
72,774
18065
510
4 132
13,423
7,758
652
426
72,949
18048
510
4112
13426
7,749
648
427
73,101
18052
514
4096
13,442
7,749
646
428
73,204
18053
'519
4 104
13430
7,744
642
428
73,315
18058
521
4111
13,426
7,735
641
427
73,555
18022
511
4 111
13,400
7,706
638
426
73,670
18047
503
4134
13,410
7,697
636
427
73,741
18,071
525
4,145
13,401
7,696
633
421
'73,837
17,987
525
4,143
'13,319
'7,632
'629
'420
'73,893 "74,095
17,98" "17,986
"529
'528
'4,143 "4,166
13,310 "13,291
7,613 "7,600
"632
633
"416
'418
do
do..
do..
do..
do ..
do..
453
563
1,039
1,191
1,214
1,292
466
592
1,067
1,252
1,224
1,281
469
600
1,076
1,270
1,228
1,283
470
601
1,079
1,279
1,233
1,283
472
602
1,082
1,285
1,224
1,285
473
603
1,089
1,292
1,222
1,294
474
602
1,087
1,298
1,218
1,286
472
603
1,086
1,298
1,214
1,292
471
603
1,080
1,298
1,213
1,297
469
601
1,079
1,302
1,205
1,297
468
602
1,074
1,303
1,198
1,284
468
601
1,073
1,309
1,199
1,270
467
600
1,069
1,304
1,195
1,291
463
'593
1,062
1,299
1,189
1,262
'466
591
1,059
1,293
1,184
1,255
"467
"590
"1,058
"1,303
"1,181
"1,241
do
do..
384
270
412
281
419
279
421
280
425
282
424
283
425
284
427
283
428
284
430
284
429
284
431
283
430
286
431
284
'431
'283
"431
"281
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-ll
SURVEY OF CURRENT BUSINESS
December 1989
TT
1989
1988
Annual
.,
1987
1988
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT §-Continued
Seasonally Adjusted
Production or nonsupervisory workers—Continued
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
5,531
1,148
42
630
5,619
1,163
42
632
5,634
1,169
41
629
5,648
1,173
42
628
5,655
1,172
42
628
5,665
1,175
41
630
5,677
1,177
41
630
5,693
1,182
41
630
5,886
1,184
40
630
5,691
1,184
38
630
5,694
1,190
38
630
5,713
1,205
39
631
5,705
1,197
39
627
'5,687
1,203
38
r
623
'5,697
1,206
38
'626
"5,691
"1,200
"38
"622
923
516
841
575
107
919
524
874
596
105
912
524
881
602
106
916
525
883
602
106
919
525
886
604
105
922
524
887
607
104
926
524
888
608
105
930
525
891
610
105
927
524
889
609
105
925
525
891
614
106
922
525
892
616
107
922
528
893
614
107
922
528
894
617
107
'917
'524
892
614
107
'915
'526
893
617
107
"914
"527
"898
"617
"108
629
120
51,618
4,455
4,682
16,431
646
119
53,637
4,610
4,854
16,936
652
118
54,156
4,653
4,903
17,017
655
118
54,344
4,671
4,917
17,066
656
118
54,531
4,691
4,931
17,106
656
119
54,709
4,704
4,948
17,171
659
119
54,901
4,718
4,970
17,215
660
119
55,049
4,718
4,990
17,244
660
118
55,151
4,735
4,996
17,235
660
118
55,257
4,752
5,007
17,280
656
118
55,533
4,763
5,016
17,317
657
117
55,623
4,779
5,021
17,338
658
116
55,670
4,665
5,038
17,388
r
653
116
'55,850
r
4,758
r
5,037
17,391
'654
115
'55,312
'4,777
'5,048
17,386
"652
"115
"56,109
"4,784
"5,061
"17,455
4,808
21,242
4,849
22,389
4,866
22,717
4,873
22,817
4,879
22,924
4,886
23,000
4,893
23,105
4,900
23,197
4,902
23,283
4,918
23,300
4,933
23,504
4,944
23,541
4,954
23,625
'4,969
'23,695
'4,970
'23,731
"4,975
"23,834
34.9
34.8
42.6
39.1
34.7
34.7
41.9
37.8
34.9
34.7
42.8
37.3
34.5
34.8
42.2
36.5
34.3
34.6
41.7
36.2
34.4
34.7
42.0
37.4
34.8
34.9
42.8
37.9
34.5
34.6
42.0
37.7
34.8
34.6
42.6
38.0
35.1
34.8
42.5
38.9
34.9
34.6
43.2
39.0
'34.7
34.7
'43.7
38.6
'34.8
'34.7
'44.0
39.2
"34.5
"34.6
"43.4
"38.1
AVERAGE HOURS PER WEEK §
Seasonally Adjusted
Avg. weekly hours per worker on private nonag.
payrolls: <>
Not seasonally adjusted
hours..
Seasonally adjusted
do....
Mining $
.
do
Construction $ . .
.
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 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 t
do
Services
do
34.8
34.7
42.4
37.8
42.3
37.9
41.0
41.1
3.7
41.5
3.8
40.6
40.0
42.3
43.1
41.6
42.2
3.9
41.8
4.1
40.3
39.4
42.3
43.6
41.9
42.6
41.3
41.2
4.0
41.9
4.2
40.7
39.4
42.5
43.7
41.9
42.7
41.5
41.2
3.9
41.9
4.2
40.3
39.5
42.6
43.7
42.1
42.5
41.7
41.0
3.9
41.7
4.1
40.3
39.4
42.4
43.5
41.8
42.5
41.0
41.1
3.9
41.8
4.1
40.3
39.8
42.5
43.6
41.9
42.5
40.8
41.1
3.9
41.8
4.1
39.6
39.7
42.2
43.4
41.9
42.6
41.0
41.0
4.0
41.7
4.1
40.0
39.8
42.2
43.5
41.8
42.5
41.0
41.3
3.9
41.9
4.1
40.5
39.9
42.5
43.3
41.9
42.7
40.9
41.0
3.8
41.5
3.9
39.7
39.4
41.9
43.2
41.7
42.5
41.1
41.0
3.8
41.5
3.9
39.8
39.4
42.2
43.3
41.5
42.5
40.5
41.0
3.9
41.5
4.0
39.6
39.5
42.3
43.0
41.5
42.4
40.8
41.0
3.8
41.6
3.9
40.2
39.6
42.5
42.9
41.5
42.2
41.2
'41.0
3.8
41.6
3.9
40.2
39.6
42.2
42.8
'41.6
42.3
'40.9
40.8
'3.7
'41.2
3.8
40.4
'39.1
42.3
'42.4
'41.4
42.0
"41.0
"40.7
"3.7
"41.1
"3.7
"40.2
"39.3
"42.4
"42.4
"41.3
"42.0
40.9
42.0
41.0
42.7
41.0
43.1
41.0
43.1
40.8
42.8
40.9
42.8
40.9
43.1
40.6
43.1
41.0
42.8
40.7
42.5
40.7
42.5
40.6
42.6
40.9
42.7
41.1
42.8
'40.9
'41.3
"40.8
"40.6
41.4
39.4
40.2
3.6
40.2
39.0
41.8
41.5
39.2
40.1
3.7
40.3
39.8
41.1
41.8
39.1
40.2
3.7
40.4
41.3
41.0
41.6
39.3
40.2
3.6
40.6
40.3
41.0
41.1
39.0
40.0
3.6
40.2
39.9
40.5
41.5
39.4
40.1
3.6
40.1
38.0
40.9
41.5
39.5
40.2
3.7
40.3
37.8
40.8
41.1
39.5
40.1
3.8
40.4
36.3
41.1
41.5
39.8
40.4
3.8
40.7
38.1
41.7
41.1
39.6
40.2
3.7
40.5
39.5
41.4
41.3
39.4
40.3
3.6
40.7
40.1
41.4
41.4
39.3
40.2
3.8
41.0
37.9
41.2
41.1
39.4
40.2
3.6
40.8
37.3
41.0
41.0
'39.2
'40.2
3.7
'41.0
'40.3
'40.6
41.1
'39.1
'40.2
3.7
'40.7
40.9
'40.7
"41.3
"39.5
"40.1
"3.6
"40.7
"39.3
"40.5
37.0
43.4
38.0
42.3
44.0
37.0
43.2
38.0
42.3
44.4
36.9
43.2
38.0
42.5
44.7
37.0
43.1
37.9
42.3
44.2
36.8
43.2
37.8
42.3
44.3
37.0
43.1
38.0
42.3
43.5
37.1
43.2
38.0
42.3
44.0
36.9
43.3
37.9
42.3
43.2
37.6
43.4
37.9
42.6
44.3
37.1
43.3
37.7
42.1
43.9
37.1
43.3
37.8
42.5
44.6
37.0
43.2
37.6
42.5
44.3
37.0
43.5
37.7
42.4
43.7
37.0
43.2
37.9
42.5
'44.4
'37.0
'43.4
'37.7
'42.5
'44.8
"36.9
"43.5
"37.9
"42.4
"44.8
41.6
38.2
39.2
38.1
29.2
41.7
37.5
39.3
38.1
29.1
41.6
37.8
39.4
38.1
29.2
41.7
37.3
39.3
38.0
29.0
41.4
37.7
39.4
38.1
29.1
41.7
38.0
39.6
38.1
29.1
41.7
38.6
39.4
38.1
28.9
41.6
38.0
39.4
38.1
28.9
41.6
38.3
40.1
38.3
29.1
41.5
37.4
39.5
37.9
28.9
41.5
37.9
39.4
38.0
28.9
41.4
37.7
39.4
38.1
29.2
41.5
38.1
39.0
38.0
28.8
'41.5
'38.1
'39.3
38.1
28.8
'41.3
37.7
'39.5
'38.1
29.0
"41.2
"37.6
"39.4
"38.1
"28.8
36.3
32.5
35.9
32.6
36.0
32.7
35.7
32.5
35.8
32.7
36.1
32.7
35.8
32.5
35.8
32.6
36.3
32.8
35.6
32.5
35.8
32.5
36.3
32.8
35.8
32.6
35.7
32.7
'36.1
32.8
"35.6
"32.6
AGGREGATE EMPLOYEE-HOURS §
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): 0
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.
189.93
156.32
1.58
9.76
40.53
10.96
11.60
28.07
196.51
161.73
1.58
10.10
41.42
11.36
11.95
28.92
198.76
163.58
1.58
10.26
41.72
11.49
12.05
29.16
198.14
163.57
1.55
10.38
41.84
11.51
12.05
29.09
199.16
164.08
1.56
10.27
41.72
11.56
12.11
29.30
200.31
164.99
1.56
10.29
41.93
11.64
12.16
29.44
200.32
164.72
1.55
10.32
41.95
11.63
12.23
29.24
200.33
165.01
1.57
10.34
41.91
11.62
12.28
29.29
202.10
166.62
1.61
10.41
42.08
11.81
12.37
29.47
200.85
165.17
1.57
10.21
41.88
11.71
12.24
29.32
201.37
165.96
1.57
10.32
41.91
11.77
12.31
29.35
202.54
167.18
1.55
10.53
41.86
11.80
12.39
29.73
201.67
166.29
1.63
10.56
41.88
11.42
12.36
29.39
'202.73
166.63
1.66
10.47
'41.71
11.68
12.39
'29.47
'203.42
167.44
1.66
10.61
'41.53
11.79
12.45
'29.61
"204.90
"167.24
"1.66
"10.79
"41.42
"11.81
"12.45
"29.52
12.37
41.45
33.61
12.50
43.90
34.78
12.59
44.73
35.18
12.51
44.65
34.57
12.58
44.97
35.08
12.69
45.28
35.32
12.61
45.20
35.60
12.62
45.38
35.32
12.79
46.09
35.49
12.59
45.65
35.68
12.71
46.04
35.41
12.88
46.44
35.36
12.75
46.30
35.38
12.72
'46.53
'36.10
12.88
'46.90
'35.97
"12.73
"46.87
"37.66
120.7
98.9
80.8
132.7
93.2
90.7
96.9
132.8
124.9
101.5
81.8
137.5
95.5
93.6
98.3
137.8
126.3
102.4
81.2
139.4
96.2
94.6
98.6
139.6
126.3
102.8
80.0
141.1
96.5
94.9
98.8
139.2
126.8
102.3
80.2
139.4
96.2
94.6
98.4
140.3
127.4
103.0
79.9
141.2
96.7
95.2
98.9
140.9
127.2
102.9
80.1
140.5
96.7
95.0
99.3
140.6
127.6
102.9
81.1
1403
96.7
94.9
99.5
141.2
128.7
103.5
83.4
141.0
97.2
95.2
100.1
142.6
127.6
102.4
81.8
138.2
96.4
94.3
99.5
141.5
128.1
102.5
81.2
139.3
96.4
94.0
99.9
142.2
129.2
103.0
80.3
142.7
96.3
93.8
100.1
143.7
128.5
103.3
84.4
143.5
96.4
94.0
99.9
142.4
128.9
102.8
'85.3
143.1
'95.8
93.3
'99.7
143.3
129.2
102.4
'85.8
143.8
'95.2
'92.2
'99.6
144.1
"129.0
"102.4
"85.6
"145.7
"94.8
"91.7
"99.5
"143.7
109.0
118.7
122.4
113.2
122.8
125.5
114.6
124.2
126.5
114.7
124.2
126.0
115.5
124.9
126.7
116.4
125.3
127.2
116.2
125.9
126.7
116.2
126.4
126.9
118.6
127.2
127.7
117.3
126.1
127.2
117.3
126.7
127.4
117.7
127.2
128.9
113.7
127.3
127.5
116.8
127.6
127.5
117.9
127.8
128.4
"117.8
"128.2
"128.0
140.9
152.8
140.9
161.5
141.6
164.3
140.6
164.0
141.2
165.8
142.1
166.4
140.8
166.1
141.8
167.3
143.8
168.9
141.9
167.5
142.7
169.0
145.0
170.8
143.3
170.4
143.8
171.4
145.0
172.2
"143.1
"171.9
S-12
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
SURVEY OF CURRENT BUSINESS
Annual
..
IT
units
1988
1987
December 1989
1989
1988
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
June
May
Sept.
Aug.
July
Oct.
Nov.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS §
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 $
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...
Avg. weekly earnings per worker,
private nonfarm: ^
Current dollars, seasonally adjusted
,
1977 dollars, seasonally adjusted t
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
8.98
1254
1271
991
9.48
10.44
998
8.40
7.67
10.25
11.94
1000
10.72
9.29
1275
1301
10 18
9.72
10.71
1021
8.61
7.94
10.47
12.15
10.26
11.01
9.45
1279
13 17
1025
9.76
10.79
1026
8.77
8.06
10.57
12.19
10.34
11.11
9.46
1289
1308
1031
9.82
10.85
1032
8.69
8.02
10.60
12.22
1036
11.22
9.46
1303
13 19
1037
9.88
10.90
1036
8.76
8.06
10.57
12.26
10.44
11.24
9.54
13 20
13 26
1037
9.91
10.90
1040
8.71
8.10
10.59
12.27
1045
11.21
9.55
1322
1321
1038
9.92
10.91
1041
8.69
8.08
10.62
12.27
10.46
11.23
9.56
13 15
1326
1041
9.94
10.93
1043
8.68
8.13
10.62
12.27
1047
11.25
9.62
13 19
1330
1041
9.95
10.93
1044
8.76
8.12
10.71
12.26
10.48
11.26
9.59
13 13
1328
1042
9.98
10.94
1047
8.79
8.16
10.69
12.25
10.49
11.29
9.58
1303
1324
1044
9.98
10.98
1049
8.85
8.23
10.73
12.32
10.51
11.32
9.63
1295
1333
1047
10.02
10.99
1052
8.92
8.26
10.75
12.40
10.53
11.35
9.61
13 11
1333
1044
9.97
10.98
1049
8.93
8.29
10.77
12.36
10.50
11.32
9.77
1315
1348
1055
10.05
11.10
10.58
r
8.98
8.40
10.79
12.47
10.64
11.41
'9.81
1307
1351
1052
10.05
11.06
10.56
'8.99
'8.38
10.83
12.45
10.57
11.43
"9.80
"1309
"13.50
"10.58
"10.10
"11.10
"10.60
"8.98
"8.41
"10.90
"12.54
"10.61
"11.47
988
12.94
1013
13.31
1016
13.45
1024
13.56
1029
13.59
1027
13.58
1026
13.59
1030
13.65
1031
13.60
1033
13.58
1037
13.65
1041
13.61
1040
13.70
10.47
13.89
10.44
13.84
"10.50
"13.82
972
998
10.08
1007
10.13
10.12
10.14
1017
10.17
10.17
10.25
10.31
10.29
10.32
10.34
"10.35
776
918
8.78
8.93
1407
717
801
943
9.02
9.10
14.68
7.37
8 10
949
9.05
9.03
14.01
7.45
8 12
954
9.11
9.15
1456
7.47
820
961
9.18
9.25
14.31
7.52
822
962
9.22
9.27
14.39
7.60
823
962
9.22
9.26
14.75
7.59
8 23
966
9.24
9.33
15.34
7.59
821
965
9.25
9.32
15.87
7.60
824
9.68
9.28
9.34
16.13
7.62
824
9.70
9.28
9.37
16.48
7.65
829
9.77
9.34
9.35
16.34
7.66
820
9.71
9.27
9.28
15.72
7.69
8.39
9.80
9.32
'9.32
14.69
7.76
'8.43
'9.79
'9.34
'9.27
15.05
7.77
"8.55
"9.86
"9.42
"9.42
"15.03
"7.82
594
11.43
10.28
1237
1458
612
11.65
10.52
1267
14.98
622
11.68
10.68
12.78
15.14
625
11.74
10.67
1286
15.18
629
11.81
10.70
12.90
15.21
632
11.78
10.73
12.85
15.24
632
11.80
10.74
12.88
15.45
634
11.84
10.79
1291
15.46
632
11.83
10.73
12.92
15.50
6.32
11.89
10.76
12.98
15.34
633
11.91
10.75
12.98
15.23
6.28
12.04
10.83
13.12
15.34
6.32
11.90
10.89
13.08
15.23
6.41
11.99
11.05
13.18
15.43
'6.39
11.97
11.05
13.24
15.51
"6.42
"12.12
"11.00
"13.29
"15.58
8.92
6.08
12.03
960
612
9.14
6.27
12.32
994
631
9.23
6.33
12.42
1010
6.39
9.26
6.41
12.46
1007
643
9.31
6.44
12.42
1014
6.43
9.32
6.48
12.47
1023
6.48
9.31
6.49
12.50
10.23
6.47
9.33
6.54
12.46
1021
648
9.35
6.55
12.51
1036
6.52
9.40
6.58
12.49
10.28
6.49
9.41
6.59
12.48
10.31
6.49
9.45
6.54
12.58
10.40
6.49
9.44
6.53
12.56
10.35
6.50
9.46
'6.63
12.70
10.47
6.61
'9.45
'6.63
12.69
10.49
'6.62
"9.49
"6.65
"12.68
"10.53
"6.64
8.73
849
9.09
891
9.29
909
9.27
911
9.32
916
9.46
925
9.47
928
9.43
929
9.59
934
9.48
930
9.48
926
9.59
9.33
9.50
9.29
9.62
9.49
'9.72
'9.59
"9.66
"9.59
8.98
1254
1271
991
12.03
960
6 12
9.29
1275
13.01
10 18
12.32
994
631
9.43
(i)
13.08
1029
12.41
10 14
638
9.42
(i)
1310
1030
12.39
1006
640
9.45
(i)
13.15
10 31
12.36
10 11
643
9.49
(i)
13.18
10 33
12.45
10 19
644
9.52
(i)
13.22
1037
12.48
1018
645
9.54
(i)
13.26
1040
12.50
1021
647
9.61
(i)
13.33
1040
12.52
1036
651
9.60
C1)
13.32
1042
12.54
1028
649
9.62
0)
13.32
1045
12.54
1033
652
9.69
C1)
13.42
1048
12.61
1044
6.54
9.69
0)
13.37
1052
12.57
10.39
6.57
9.74
C1)
13.39
10.55
12.67
10.47
6.58
'9.78
C1)
13.43
10.55
12.68
10.53
'6.61
"9.77
C1)
"13.51
"10.57
"12.62
"10.52
"6.61
873
849
909
891
935
907
926
905
935
910
940
9 15
935
919
936
924
954
932
9.45
9.33
9.53
9.34
9.68
9.46
9.57
9.43
9.66
9.49
'9.78
'9.58
"9.64
"9.52
173 5
940
1822
1549
1749
176 1
177 1
1609
1790
933
1855
1583
1788
181 1
1827
1659
181 5
931
1865
1592
1805
183 1
1860
1684
181 4
929
187 1
1593
1807
1829
185 1
1689
181 7
927
1873
1599
1809
1828
1866
1682
187 5
181 1
1957
1898
2002
1940
199 5
1933
2002
1939
1686
2212
14 25
1733
2267
15 00
17 55
2289
14 91
17 60
2294
15 11
17 62
2299
15 28
17 63
2299
15 30
17 64
2302
15 59
1764
2305
15 25
1764
2305
15 33
1764
23.05
1529
17.74
23.12
1535
17.74
23.12
1545
17.74
23.12
1607
17.93
23.15
1621
17.93
23.57
1597
17.98
23.61
312.50
16928
322.36
16781
328.16
16855
32687
16728
327.92
16739
330.25
167 55
329.39
16644
331.04
16644
335.39
16753
332.16
165.01
332.85
165.10
337.21
166.85
335.27
165.89
337.98
166.90
'339.37 "338.04
166.85 "165.62
31250
531 70
48044
40631
43326
36904
32236
53933
49308
41840
44768
37814
32981
54485
51495
42333
45318
38245
32826
54009
49442
42787
457 87
38637
33015
557 68
491 99
43243
46325
38921
32913
557 04
483 99
425 17
45562
38384
32757
551 27
47820
42350
45277
382.88
32886
55230
49592
42681
45578
38543
33478
56453
50407
42681
45578
386.97
330.86
55146
50066
42618
454.01
387.20
333.38
55508
50312
429.08
457.87
390.91
338.01
55038
51854
424.04
449.49
390.80
335.39
'339.02
519.87
425.95
453.47
391.31
'341.39
'575.08
529.59
'430.27
'457.88
'394.54
47158
365.76
17870
484 18
378.71
18362
49059
385.82
18595
48968
382.66
18518
49059
387.35
19033
49007
387.72
18403
48875
386.69
183.10
48843
386.96
18468
49790
395.75
188.43
49086
389.61
186.91
494.21
392.81
189.51
500.68
398.32
194.05
494.86
394.34
192.40
31690
27593
32633
29047
33444
29724
33094
29608
33366
29862
341 51
301 55
33903
30067
33759
30100
34812
30635
33749
30132
33938
30280
34812
30882
34010
30564
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.
153
158
161
158
r
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
r
574.66
r
520.33
434.66
462.87
r
396.90
r
500.38
'398.91
191.03
'502.52 "499.59
'401.77 "401.19
191.32 "189.90
343.43
309.37
'350.89 "343.90
'314.55 "312.63
1455
1473
1489
151.3
1497
1382
148.5
151.9
1396
150.0
153.4
1413
151.2
156.4
1429
153.7
1401
1477
1597
1544
141.9
1497
161 8
1567
143.5
151 2
1631
1579
145.1
154.0
167.5
161.8
161
156
155
151
159
152
147
150
147
"338.10
"568.11
"514.35
"433.78
"459.54
"398.34
148
150
S-13
SURVEY OF CURRENT BUSINESS
December 1989
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
..
IT
Lnits
1987
1989
1988
Annual
1988
Nov.
Oct.
Dec.
Jan.
Mar.
Feb.
Nov.
Oct.
Sept.
Aug.
July
June
May
Apr.
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..
Workers involved in stoppages:
Beginning in month or year
thous ..
Days idle during month or year
do....
UNEMPLOYMENT INSURANCE *
State programs:
Initial claims
thous
Average weekly insured unemployment
do ....
Total benefits paid
mil $
Weeks of unemployment compensated
thous
Average weekly benefit
dollars
Federal civilian employees unemployment
insurance (UCFE):
Average weekly insured unemployment ..
..
.
Total benefits paid
Weeks of unemployment com. "
ki
ri
Ft
do
mil $
H 11
Veterans unemployment insurance (UCX):
Initial claims
thous
Average weekly insured unemployment
do
Total benefits paid
mil $
Weeks of unemployment cornAverage weekly benefit
dollars..
46
40
3
1
0
3
0
2
4
7
0
8
7
6
4
5
174
4,456
118
4,364
9
293
2
78
0
52
7
153
0
138
30
950
7
1,064
55
1,227
0
938
145
1,364
204
3,717
14
1,909
60
3,098
8
2,380
16795
15919
1,107
1,277
1,633
1,949
1,319
1,363
1,109
1,209
1,311
1,556
1,264
1,082
1,437
2,265
24
14 175
2,048
21
13070
1,602
16
784
1,686
18
943
1,824
21
1 085
2,647
2g
1 411
2,618
2g
1252
2,520
25
1529
2,246
21
1 141
1,963
19
1127
1,855
19
1,204
2,055
21
1,053
2,051
19
1,193
1,782
18
r
958
1,853
103 895
14623
92919
14586
5710
14426
6748
13607
8722
14828
10474
15106
7,882
149.83
7,727
179.30
6,614
162.81
r
7,200
151.26
r
'6,490
152.61
6,823
159.95
117 8
121 4
10 9
95
95
12 2
80
79
89
107
123
212
131 7
223
143 1
228
11 5
238
134
22.5
131
27.4
152
25.8
133
22.9
144
20.0
10.4
18.0
10.3
18.3
9.7
21.5
10.6
86 1
133 95
97 8
137 35
95 2
137 94
106 9
142 19
91 1
14554
98 1
14702
720
14422
71 6
14433
690
14033
r
755
140 13
r
96 1
136 42
1 002 1 1 043 6
131 43 137 09
7638
14719
9875
14836
81
8,847
150.99
1,031
90
78
104
23.5
13.1
20.6
10.5
21.8
11.2
r
783
133 93
1516
7366
1400
1417
85
94
9.9
11.3
9.1
10.8
9.0
9.2
8.8
9.1
10.1
r
9.0
9.8
17 8
121 0
181
123 1
125
67
123
70
128
75
167
94
165
83
156
96
15.0
79
14.3
14.0
78
14.1
r
79
14.8
r
90
13.8
r
7.9
14.8
8.4
7949
152.26
787 6
156.27
428
156.83
44 1
159.26
47 6
158.32
592
159.05
522
158.44
604
158.66
494
159.00
540
162.38
48.4
161.80
r
48.2
164.51
'54.8
164.32
r
47.5
165.72
50.4
166.91
62,458
64,357
62,396
64,115
65,588
65,764
64,042
FINANCE
BANKING
Open market paper outstanding, end of period:
70565
Bankers' acceptances
mil $
Commercial and financial company
2
373,586
paper, total
. do
Financial companies
do . 2 287,274
Dealer placed
do .. 22 115,034
Directly placed
do .. 172,240
Nonfinancial companies
do.... 286,312
Loans of the Farm Credit System: * *
Total end of period
mil $
52498
Long-term real estate loans
do
34346
Short-term and intermediate-term
loans
do
9927
Loans to cooperatives
do
8225
Federal Reserve banks, condition, end of period:
Assets total #
mil $ 275 566
Reserve bank credit outstanding, total #
do.... 236,046
Loans
do ..
3,815
U.S. Government securities
do.... 222,551
Gold certificate account
do.... 11,078
Liabilities, total #
do
275 566
Deposits total
do
48368
Member-bank reserve balances
do.... 41,784
Federal Reserve notes in circulation
do
212 890
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
mil $ 33 62 123
Required
do
61 094
3
Excess . . .
.
do
1 029
Borrowings from Federal Reserve
3
banks
do
111
3
Free reserves "f ....
.
do
735
Large commercial banks reporting to Federal
Reserve System, last Wed. of mo.: $
Deposits:
Demand, total #
mil. $.. 247,354
Individuals, partnerships, and
corporations
do .... 190,551
6,741
States and political subdivisions
do....
U S Government
do
3258
Depository institutions in U.S
do.... 27,450
Transaction balances other than demand
deposits
do
66953
Nontransaction balances, total
do . . . . 565,156
Individuals, partnerships, and
corporations
do .... 524,426
Loans and leases(adjusted),total §
do.... 847,282
Commercial and industrial
do.... 287,385
For purchasing and carrying
securities
do
12496
To nonbank depository and other
financial
do
23927
Real estate loans
do... 261,036
To States and political subdivisions
do.... 32,664
Other loans ....
.
do
229 774
Investments, total
do .... 196,170
U.S. Treasury and Govt. agency securities,
total
do
122 881
Investment account
do... 111,856
Other securities
do
73289
See footnotes at end of tables.
1
66631
62212
62933
451 762
354,127
161,535
192,592
97,635
429,549 442,396 451,762
332,513 344,544 354,127
147,759 151,581 161,535
184,754 192,963 192,592
97,036 97,852 97,635
468,690
362,469
163,718
198,751
106,258
5
487,007
5
377,749
5
174,807
5
202,942
5
51 428
32 182
51 428
32 182
50744
31 051
50390
30624
50,589
30,474
9256
9990
9256
9990
9286
10408
9,980
9,787
10,240
9,876
293 674
279 331 285 638 293 674
286 771 284 582 281 635 303 807 286 551 295,816 283,237
250,945
2170
238,422
11,060
293 674
48898
39,347
238,370 243,803 250,945
2,170
2275
2328
225,638 232,702 238,422
11,059 11,060
11,062
279 331 285 638 293 674
46547 45859 48898
39,741 40,012 39,347
241,413 230,795 238,435 257,498 234,286 239,059 226,230 225,192 228,704 226,441 230,516
182
270
598
541
594
841
2,033
1,952
2,454
1602
863
232,933 229,499 228,643 232,150 223,535 231,767 218,676 217,409 221,051 218,176 223,142
11,060
11,062
11,065
11,066
11,066
11,063
11,060
11,061
11,056 11,061 11,061
286 771 284 582 281 635 303,807 286,551 295,816 283,237 282,515 290,607 293,439 292,539
46,348 46,018 43,395
48245 44 126 42587 61753 39794 50,038 40,258 39,114
36,985 37,394 37,968 33,553 37,381 34,339 31,924 32,253 32,351 37,277
35,810
229 640
219 232 224 535 229 640
221 619 222 769 224,857 225,336
66 631
3
63
3
62
3
739
699
1 040
3
13 716
568
62253
65961
61915 62407
60853 61287
1 062 1 119
2299
544
2861
580
63739
62699
1 040
1 716
568
63468
62323
1 145
1 662
529
r
486,783 498,606 501,589 504,371 503,095 513,786 511,881
377,094 379,647 378,388 380,375 381,029 388,935 '385,798
173,464 172,577 170,122 170,174 175,978 180,822 178,481
203,630 207,070 208,266 210,201 205,051 208,113 207,317
109,258 109,689 118,959 123,201 123,996 122,066 124,851 126,083
282,515
512,307
384,646
172,980
211,666
127,661
290,607 293,439 292,539
229,372 230,848 230,229 230,766 229,076 230,467 235,306
60693
59539
1 154
60,212
59,255
957
61,288
60,511
776
58,911
57,881
1,031
59,587
58,681
905
60,254
59,288
966
59,559
58,674
885
60,126
59,188
938
'60,397
'59,378
1,020
60,988
60,048
940
1487
717
1813
478
2289
194
1,720
508
1,490
332
694
378
675
251
693
267
555
486
349
612
220,021 244,114 219,187
215,981
215,034
219,279 228,985 217,185
222,501 216,550 223,373
247,112
215,524 240,572 247,112
195,301
6,993
2711
24,187
172,596
5,574
2610
20,264
75384
624,038
71,308 73,637 75,384
616,575 622,745 624,038
75,222 75,969 75,386 77,604 74,271 71,824 72,951 73,459 72,787 74,794 76,012
651,187 657,494 667,737 667,428 673,096 674,735 682,063 686,827 687,094 700,138 703,876
585,178
918,698
301,013
576,528 583,097 585,178
897,721 911,750 918,698
295,998 300,222 301,013
609,588 615,114 625,588 626,154 631,788 634,594 642,708 647,353 648,506 661,528 665,907
931,166 942,497 948,734 948,493 963,570 963,811 967,448 971,706 976,688 986,018 992,651
304,520 309,355 310,400 314,548 317,429 313,436 319,341 317,064 314,783 317,857 318,983
14090
13008
191,557 195,301
6,993
6,455
2711
2949
22,067 24,187
15420
14,090
22858
301,629
28,441
250 667
200,806
20969 21 761 22858
295,240 297,989 301,629
29,293 28,792 28,441
243 213 247 566 250,667
207,145 209,156 200,806
128 633
114,447
72173
134 300 135 859
114,198 116,229
72845 73297
128 633
114,447
72,173
174,977 181,031 173,682 174,716
6,247
5,209
5,868
6,770
4,649
2983
1709
2531
18,567
19,413 23,360 18,950
12,605
13,620
15,134
14,102
189,983 173,820 172,343 172,097
5,182
5,862
6,078
5,894
3,084
3,046
2,516
2,678
25,996 20,081 19,246 19,517
15,640
17,028
16,360
16,280
175,734 173,248
5,978
6,415
2,262
3,113
19,506 19,716
16,699
16,948
178,974
5,623
1,793
21,049
15,760
21,590 22,424 22,872
21,815
21,813
21 198 20435 19728 20064 21,426 21,810
312,261 314,359 318,227 322,112 325,963 330,487 333,971 340,854 342,740 345,702 350,282
27,999 27,822 27,660 27,436 27,143 26,996 26,735 26,514 26,222 26,061 25,389
252,583 256,906 257,585 250,231 255,969 254,054 249,228 249,179 254,654 257,026 259,365
207,976 207,398 209,135 205,775 209,890 212,393 214,014 214,323 213,744 226,339 227,886
135 364 135 161 137 135 134 058 137,220 140,742 142,550 143,671 143,947
118,426 120,353 120,529 121,154 124,003 128,575 129,326 131,501 132,031
72,612 72,237 72,000 71,717 72,670 71,651 71,464 70,652 69,797
157,973
138,399
68,366
161,418
141,011
66,468
S-14
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
SUEVEY OF CURRENT BUSINESS
Annual
..
I7
ljims
1987
December 1989
1989
1988
1988
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
2,464.9
368.8
2,470.9
370.7
2,486.3
373.5
2,496.8
373.8
2,518.1
374.4
2,534.4
376.6
2,544.1
378.8
2,575.5
189.7
1,906.5
187.2
1,913.1
186.4
1,926.5
185.8
1,937.3
184.6
1,959.1
182.8
1,974.9
182.9
1,982.4
2,001.1
FINANCE—Continued
BANKING— Continued
Commercial bank credit, seas, adj.: §
Total loans and securities 6.
U.S. Government securities
Other securities
Total loans and leases <>
Money and interest rates:
Prime rate charged by banks on
short-term business loans
Discount rate (New York Federal
Reserve Bank) @@
Federal intermediate credit bank
loans
bil $
do....
do ....
do....
2,239.6
335.5
195.3
1,708.8
2,417.2
361.4
194.0
1,861.9
2,401.4
355.6
2,410.2
358.8
196.8
1,848.9
195.9
1,855.6
361.4
194.0
1,861.9
2,417.2
2,422.8
360.4
2,451.9
189.6
1,872.9
361.8
190.4
1,899.7
391.7
182.7
percent-
8.22
9.32
10.00
10.05
10.50
10.50
10.93
11.50
11.50
11.50
11.07
10.98
10.50
10.50
10.50
10.50
do
5.66
6.20
6.50
6.50
6.50
6.50
6.59
7.00
7.00
7.00
7.00
7.00
7.00
7.00
7.00
7.00
8.54
3
9.01
8.77
9.11
9.05
9.16
9.04
9.31
9.20
9.31
9.46
9.44
9.63
9.62
9.88
9.76
9.82
10.13
10.09
10.27
10.06
10.10
9.83
9.81
9.87
9.82
9.77
9.86
9.78
9.80
7.56
7.68
8.15
8.24
8.55
8.55
8.96
8.97
8.93
9.02
9.27
9.35
9.83
9.97
9.68
9.78
9.35
9.29
8.97
8.80
8.54
8.35
8.47
8.32
8.59
8.50
8.42
8.24
8.21
8.00
do
Home mortgage rates (conventional 1st
mortgages):
New home purchase (U.S. avg.)
percentExisting home purchase(U.S. avg.)
do....
Open market rates, New York City:
Bankers' acceptances 3-month
do
Commercial paper, 6-month $
do ....
Finance co. paper placed directly, 6-mo
do ....
Yield on U.S. Gov. securities (taxable):
3-month bills (rate on new issue).. .percent..
2
2
8.94
8.94
6.75
6.85
()
2
8.83
2
7.56
7.50
7.45
7.720
7.590
7.670
699,019
706,098 r709,606
711,417
323,107
144,882
89,488
40,962
60,178
323,368
145,424
89,672
40,787
60,134
326,997 r329,543
145,990 147,207
90,727 '90,980
41,171
41,180
59,679 '59,679
331,103
144,418
91,207
41,434
58,700
6.37
7.14
7.80
7.94
8.24
8.44
8.65
9.17
9.29
8.97
8.22
7.80
5.820
6.690
7.340
7.680
8.090
8.290
8.480
8.830
8.700
8.400
8.220
7.920
618,191
671,362
653,059
659,193
671,362
684,674
682,274
682,154
687,288
692,263
697,270
287,154
141,120
81,007
45,080
60,226
323,931
146,212
87,110
47,863
62,572
312,945
146,490
86,463
41,723
61,712
317,589
146,039
86,823
43,042
62,091
323,931
146,212
87,110
47,863
62,572
318,287
141,194
86,980
42,804
62,792
316,898
141,292
86,865
41,071
62,674
314,743
140,207
87,346
40,762
62,007
318,603
141,730
88,222
40,591
61,808
321,053
143,265
88,874
40,829
61,648
7.49
7.910
CONSUMER INSTALLMENT CREDIT t
Not seasonally adjusted
Total outstanding (end of period) #
By major holder:
Finance companies
Credit unions
Retailers
Savings institutions
Seasonally adjusted
Total outstanding (end of period) #
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers
Savings institutions
By major credit type:
Automobile
Revolving
Mobile home
Total net change (during period) #
By major holder:
Commercial banks
Finance companies .
Credit unions
Retailers
Savings institutions
By major credit type:
Automobile
Revolving
Mobile home
mil $
do ....
do
do....
do....
649,132
654,413
659,507
682,020
687,397
691,162
693,911
698,132
700,849
700,344
703,001 '704,371
707,706
do ....
do ....
do
do
do
312,588
143,012
85,338
42,614
61,926
316,683
143,488
85,740
42,910
61,922
318,925
145,180
86,118
43,498
62,099
316,797
141,795
87,093
40,986
62,867
318,423
143,419
87,813
41,052
63,109
318,242
143,070
88,514
41,300
62,735
320,458
144,378
89,330
41,301
61,919
323,363
145,523
89,890
41,323
61,311
324,438
146,055
90,073
41,649
59,920
323,621
145,488
89,852
41,798
60,092
326,135 '327,327
144,386 144,188
90,016 '89,892
42,221
41,989
59,229 '59,883
330,713
141,273
90,010
42,319
58,912
do
do
do
do
278,902
170,131
26,033
2,576
279,926
173,030
26,005
281,174
174,792
25,744
5,094
286,382
176,716
26,036
22,513
288,767
178,570
25,992
5,376
288,850
182,831
24,168
3,765
289,654
184,500
23,993
2,749
290,741
186,502
23,952
290,192
189,622
23,685
288,526
191,028
23,630
4,221
2,717
-505
288,533 '287,754
194,398 195,302
22,938 '22,991
1,371
2,657
288,845
196,339
22,965
3,335
do
do
do
do
do
2,456
4,095
2,242
476
402
296
4
1,692
378
588
177
1,626
1,624
720
67
242
-181
-349
701
247
375
2,216
1,308
816
1
816
2,905
-7
438
265
576
2 127
3385
975
-25513
768
1,075
532
183
326
-1,391
-817
567
221
149
172
2,514
-1,102
164
191
863
1,192
-198
'-124
232
'654
3,386
-2,915
do
do
do
-341
1,858
152
5,208
2,385
1,854
-44
804
1,670
174
7
1,924
293
82
4,261
-1,667
2,899
1,406
-56
3,370
'-779
'904
'53
1,091
1,036
-26
. do
5,281
1,024
-28
1,248
1,762
261
-1,824
FEDERAL GOVERNMENT FINANCE
Federal receipts and outlays:
1
Receipts (net)
mil $
854,143 ' 908,166
68,205
89,306
64,320
63,582
61,897
93,729
Outlays (net)
do rl 1,002,147 1 1,063,318
86,500
93,454 105,171
89,769 103,984
90,590
rl
I4g QQ1
Total surplus or deficit (-)
do....
35 779
2,806 -27,871
11 442
29 134
27 009
155 151
rl
Federal financing, total
do
35,779
29,134
148,005 1 155,151
27,871
11,442 -2,806
27,009
Borrowing from the public
do .... rl 150,070 1 166,139
13,405
7,359
31,636
17,190
11,910
10,285
rl
Other
do
22,374
2 502
16,724
- 2,065 1- 10,988
10,681
-468 -10,165
1
Gross amount of debt outstanding
do
2,355,206 '2,614,581 2,636,657 2,672,211 2,707,284 2,720,742 2,745,577 2,763,562
1
Held by the public
do
1,897,761 '2,063,900 2,074,217 2,105,852 2,117,766 2,125,125 2,142,315 2,155,684
Federal receipts by source and outlays by
agency:
1
Receipts (net), total ....
mil $
68,205
64,320
89,306
63,582
854,143 '908,166
61,897
93,729
Individual income taxes (net)
do.... ' 392,557 '401,181
29,822
17,769
48,627
31,287
23,427
39,673
1
Corporation income taxes (net)
do
12,744
3,181
1,442
'94,195
83,926
907
22,294
1,794
Social insurance taxes and contributions
1
(net)
mil $
31,652
30,268
25,075
303,318 '334,335
32,086
24,698
23,848
1
Other
do
7,423
5,846
7,981
74,342
5,479
7,063
6,653
'78,454
93,454 105,171
Outlays (net), total
do.... " 1,002,147 ' 1,063,318
86,500
89,769 103,984
90,590
Agriculture Department
do....
3,832
4,610
5,318
4,917
5,769
'44,003
4,153
'49,593
23,905
Defense Department, military
do .... 1 273,938 '281,935
28,918
19,281
22,546
28,201
25,189
Health and Human Services
Department
mil $
35,553
31,487
31,956
32,227
33,491
29,138
'351,315 '373,169
1
16,854
Treasury Department
do
16,380
15,492
16,473
34,577
13,774
180,345 '201,644
National
Aeronautics
and
Space Adm
do
1,043
822
884
993
709
998
'9,092
'7,591
Veterans Affairs Department
do ....
1,182
3,527
2,705
1,854
' 26,952
3,758
'29,249
2,278
GOLD AND SILVER:
Gold:
Monetary stock, U.S. (end of
period) @
mil $
Price at New York $$
dol. per troy oz..
Silver:
Price at New York £j:
dol. per troy oz..
See footnotes at end of tables.
11,078
446.504
11,057
436.931
11,062
406.781
11,059
420.068
7.009
6.535
6.285
6.275
11,057
418.488
6.108
11,056
404.014
11,061
387.776
11,061
390.143
5.972
5.891
5.930
1,145
560
22
608
1,087
2,002
-41
-549
3,120
-267
66,191
71,025 108,249
128,892
84,430
96,491 100,460
88,320
7,789 -18,239
40,572 -25,466
18,239
7,789
25,466
-40,572
1,098 -3,962
1 291 10,214
22,201
15,252 -8,887
-39,281
2,779,291 2,800,128 2,823,955 2,824,487
2,154,393 2,164,607 2,165,705 2,161,743
692
118
98
-971
::::
::::::::::::::::
68,426
99,233
76,161
94,515
98,310 105,299
6066 -26,089
-22,150
26,089
6,066
22,150
36,690
6,672
35,854
-606 -10,601
-13,704
2,860,454 2,881,112 2,924,765
2,197,597 2,204,270 2,240,959
99,233
45,026
19,430
68,426
35,493
29,259
24,308
7,896
94,515
128,892
68,533
14,689
71,025
25,336
108,249
49,876
20,878
66,191
29,377
2,042
76,161
36,932
1,926
39,496
35,349
31,276
27,941
6,832
84,430
105,299
3,074
27,750
34,590
14,482
33,207
14,813
1,003
1,126
1,492
1,963
729
6,173
8,414
88,320
4,589
20,590
96,491
3,677
24,327
100,460
3,209
28,379
3,018
20,478
28,470
8,794
98,310
2,247
25,313
31,650
16,443
34,363
19,227
38,818
35,659
31,642
14,325
34,859
16,886
809
1,246
966
998
2,805
3,587
822
1,211
2,257
3,628
11,061
384.400
11,060
371.316
11,063
367.598
11,066
374.978
11,066
364.928
11,065
361.890
366.884
392.320
5.447
5.280
5.236
5.133
5.133
5.465
5.791
6,215
989
5.179
5,518
3,821
19,152
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-15
SURVEY OF CURRENT BUSINESS
December 1989
Annual
Ir .,
Linu8
1987
1989
1988
1988
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
MONETARY STATISTICS
Currency in circulation (end of period)
bil. $..
Money stock measures and components (averages
of daily figures): t
Measures (not seasonally adjusted):
Ml
bil $
M2
do
M3
do
L (M3 plus other liquid assets)
do....
Components (not seasonally adjusted):
Currency
do
Demand deposits
.
do
Other checkable deposits $$
do....
Overnight RP's and Eurodollars 6
do
General purpose and broker/dealer
money market funds
do....
Money market deposit accounts
.
.do ,
Savings deposits
do ....
Small time deposits @
.do
Large time deposits @
do....
Measures (seasonally adjusted):
Ml
do
M2
do
M3
.
do
L (MS plus other liquid assets)
do
Components (seasonally adjusted):
Currency
do
Demand deposits
do....
Other checkable deposits $$
do ....
Savings deposits.
..
do
Small time deposits @ .
do
Large time deposits @ .
do
247.7
744.2
2,863.2
3,591.9
4,243.8
776.0
3,009.4
3,819.0
4,528.6
782.1
3,038.5
3,875.6
4,605.2
788.3
3,058.0
3,903.2
4,643.1
804.4
3,077.3
3,925.2
4,685.6
188.8
294.3
254.3
205.3
289.0
274.4
209.0
288.7
276.9
211.3
290.0
279.9
214.9
298.8
283.7
79.3
78.1
213.8
552.2
408.1
865.7
461.8
232.2
517.5
426.4
979.2
512.5
76.1
75.7
237.4
506.7
430.4
1,019.5
537.3
239.4
502.7
425.9
1,026.5
539.6
785.4
3,042.3
3,877.9
4,609.2
786.6
3,059.5
3,898.1
4,635.5
790.3
3,069.6
3,915.4
4,672.2
209.7
288.9
279.4
429.2
1,009.7
532.0
210.5
287.7
281.0
431.8
1,017.8
534.4
211.8
288.6
282.3
431.3
1,025.2
537.8
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Bureau of the Census):
Net profits after taxes, all
manufacturing
mil $ 1 115,599 154,583
Food and kindred products
do.... '15,627
20,671
Textile mill products
do....
1,560
'1,891
Paper and allied products
do....
'5,520
8,081
Chemicals and allied products
do.... '16,559 '23,651
Petroleum and coal products
do.... ' 10,900 r21,225
Stone, clay, and glass products
do....
'2,911
2,453
Primary nonferrous metal
do
' 1,077
4,256
Primary iron and steel.
do
993
'1,356
Fabricated metal products
do....
'4,427
5,335
Machinery (except electrical)
do.... ' 10,203 13,778
Electrical and electronic equipment
do....
'9,570
11,143
Transportation equipment (except motor
vehicles and equipment)
mil. $.. '4,677
5,019
Motor vehicles and equipment
do.... '10,647
12,474
All other manufacturing industries
do.... '20,234 r23,944
Dividends paid (cash), all manufacturing
do
'49,512 '57,064
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
mil. $..
By type of security:
Bonds and notes, corporate
do
Common stock
do
Preferred stock
do....
By type of issuer:
Corporate, total #
mil $
Manufacturing
do ....
Extractive
,
do....
Public utility
do
Transportation
do
Communication . ..
do
Financial and real estate
do....
State and municipal issues (Bond Buyer): §
Long-term
do
Short-term
do
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at broker-dealers, end of year
or month
mil. $..
Free credit balances at brokers, end of year
or month:
Margin-account
do
Cash-account
do
r
772.4
r
3,057.0
r
211.8
290.5
283.7
211.9
275.7
277.6
3,917.5
4,686.3
'247.1
485.3
418.7
1,054.4
552.4
-787.5
786.3
3,065.9 3,069.4
3,920.2 '3,929.5
''4,676.3 4,689.4
r
213.4
284.0
281.3
427.8
1,035.7
544.4
r
214.0
275.8
278.3
214.3
284.8
280.9
424.6
1,048.3
551.6
'215.2
283.2
286.0
'216.7
273.3
270.1
37,410
4,751
377
1 911
r
5561
r
6039
556
1,116
515
642
r
3,615
2762
1,022
3,272
'218.7
275.9
276.2
219.0
280.3
'277.8
77.6
74.9
'72.3
221.2
281.2
282.1
72.5
309.8
482.1
407.9
1,133.3
563.1
'787.7
781.1
777.4
'777.2
770.3
'773.4
3,072.3 3,088.0 '3,117.5 '3,136.5 '3,156.2 '3,176.8
3,954.8 '3,973.4 '4,002.5 '4,009.0 '4,012.4 '4,027.4
4,746.1 4,759.0 '4,793.4 '4,812.9 '4,824.9 4,853.4
790.0
3,199.1
4,047.5
219.7
'219.4
218.4
218.0
280.4
277.3
277.5
278.8
280.3
277.3
274.4
273.2
'405.8
404.2
402.3
401.5
1,126.3 1,132.1 1,132.6 1,132.0
'560.9
'563.7
569.1
'573.1
220.3
278.9
283.3
409.4
1,131.1
560.0
73.5
76.0
259.0
457.0
407.3
1,098.9
569.8
265.1
456.9
406.6
1,112.4
569.7
215.6
284.3
279.1
420.8
1,061.0
558.8
219.3
276.7
273.3
'73.5
74.5
259.3
471.3
414.0
1,082.0
564.1
'783.2
786.3
3,078.5 '3,080.9
3,950.8 3,958.8
r
4,724.5 4,750.1
219.7
281.5
272.4
791.4
3,197.1
4,052.8
301.5
294.8
285.5
'274.5
'473.0
469.1
465.4
459.8
'407.4
404.8
405.1
407.5
1,124.1 1,129.1 1,130.2 1,132.8
'564.4
'566.2
569.0
568.2
77.4
^216.5
'216.0
278.2
281.4
271.4
278.5
404.7
412.8
1,083.1 1,105.7
572.1
567.7
r
r
218.5
276.4
271.4
255.5
480.3
418.4
1,065.1
560.2
79.0
81.8
241.7
495.2
422.8
1,041.6
545.3
r
'784.4
'777.4
'778.5
781.7
'791.4
773.8
'767.2
775.2
3,071.9 '3,092.5 '3,062.9 3,090.8 '3,125.3 '3,137.5 '3,149.6 '3,172.7
3,945.6 3,964.3 3,944.7 '3,974.0 '4,004.2 '4,010.6 '4,010.5 '4,024.8
4,721.0 4,751.8 4,734.6 4,759.8 '4,784.3 '4,807.7 '4,819.7 4,848.8
r
'217.3
275.0
270.7
402.0
1,118.5
573.0
38,302
3,668
387
1979
'6,873
'5,658
8
1,234
476
2,116
'2,667
2,396
'36,546
4,016
499
2,022
'6,800
'3822
779
1,219
450
1,648
'2,401
2518
1,338
3,867
1,343
3469
33,717
3,443
406
1,850
6,285
4,733
844
1 099
429
1,458
2,254
2,422
1,076
1,154
5271
'5651
'5,560
6,264
16,509
16,521
17,453
15,781
275,418
228,387
12,991
16,436
10,421
(2)
191,339
65,835
11,735
172,499
45,485
6,506
9,355
2,886
575
12,891
3,008
527
7,627
2,088
475
(2)
(2)
(2)
268,909
46,172
8,229
19,943
6,698
7,326
151,049
224,490
33,327
4,742
12,793
3,078
4,031
147,030
12,816
2,388
30
1,683
258
132
7,785
16,426
3,136
244
478
64
298
9,454
10,221
1,066
1
185
0
59
8,454
105,523
20,271
117,011
22,602
11,200
1,109
9,036
1,765
11,496
1,419
'7,179
1,437
r
8,547
1,339
9,669
1,530
'8,406
'5,018
'8,153
'948
14,655
'4,575
'9,632
1,806
10,575
'5,414
11,092
1,381
'9,203
1,197
7,759
426
31,990
32,740
33,410
33,640
32,740
32,530
31,480
32,130
32,610
33,140
34,730
34,360
33,940
35,020
35,110
34,630
4,750
15,640
5,660
16,595
5,065
14,880
4,920
15,185
5,660
16,595
5,790
15,705
5,605
16,195
5,345
16,045
5,450
16,125
5,250
15,965
6,900
19,080
5,420
16,345
5,580
16,015
5,680
15,310
6,006
16,340
5,815
16,345
63.8
62.6
62.9
65.0
64.3
63.2
64.2
66.0
68.2
68.2
67.3
65.8
66.2
66.9
596.74
610.58
640.57
632.13
558.88
591.39
553.49
734.37
878.24
712.42
805.75
769.80
925.98
829.83
Bonds
Prices:
Standard & Poor's Corporation, domestic
municipal (15 bonds)
dol. per $100 bond62.7
62.0
Sales:
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $.. 9,726.24 7,701.39
See footnotes at end of tables.
'793.1
3,076.2
3,927.7
4,692.8
r
78.5
231.3
507.5
430.9
1,010.6
535.4
249.2
242.9
247.7
230.2
(2)
(2)
(2)
(2)
(2)
(2)
(2)
S-16
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
SURVEY OF CURRENT BUSINESS
.,
units
Annual
December 1989
1989
1988
TT
1987
1988
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
Bonds— Continued
Yields:
Domestic corporate (Moody 's)
By rating:
Aaa
Aa
A
Baa .
By group:
Industrials
Public utilities
Railroads
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15
bonds)
U.S. Treasury bonds, taxable $
percent..
9.91
10.18
9.90
9.91
i
10.03
10.05
10.05
10.18
10.14
9.95
9.50
9.34
9.36
9.41
9.34
9.32
do
do
do
do
9.38
9.68
9.99
10.58
9.71
9.94
10.24
10.83
9.51
9.71
9.99
10.41
9.45
9.72
9.99
10.48
9.57
9.81
10.11
10.65
9.62
9.81
10.10
10.65
9.64
9.83
10.13
10.61
9.80
9.98
10.26
10.67
9.79
9.94
10.20
10.61
9.57
9.75
10.00
10.46
9.10
9.29
9.59
10.03
8.93
9.14
9.42
9.87
8.96
9.14
9.45
9.88
9.01
9.23
9.51
9.91
8.92
9.19
9.44
9.81
8.89
9.14
9.42
9.81
do
do
do
9.83
9.98
9.63
9.91
10.45
10.03
9.88
9.92
10.03
9.93
9.89
10.00
10.04
10.02
10.06
10.08
10.02
10.04
10.08
10.02
10.05
10.19
10.16
10.19
10.13
10.14
10.27
9.97
9.92
10.31
9.51
9.49
10.17
9.34
9.34
10.05
9.35
9.37
9.39
9.43
9.31
9.37
9.30
9.33
do
7.69
7.66
7.33
7.66
7.50
7.29
7.56
7.64
7.40
7.15
7.02
6.86
7.16
7.40
7.24
7.04
do
do....
7.73
8.64
7.74
8.98
7.54
8.89
7.58
9.07
7.66
9.13
7.41
9.07
7.47
9.16
7.61
9.33
7.49
9.18
7.25
8.95
6.97
8.40
6.97
8.19
7.08
8.26
7.27
8.31
7.22
8.15
7.13
8.03
1
Stocks
Prices:
990.60 1,065.83 1,078.40
932.47
897.32
Dow Jones averages (65 stocks)
955.80
866.99
851.45 880.52
817.30
808.29 796.20
772.17
849.46
Industrial (30 stocks)
2,275.99 2,060.82 2,144.31 2,099.04 2,148.58 2,234.68 2,304.30 2,283.11 2,348.91 2,439.55 2,494.90 2,554.03 2,691.11 2,693.41
218.08
215.95
206.72
186.64
Public utility (15 stocks)
215.52
196.29
182.81 187.98
188.88
185.15
185.01 184.12
179.74
201.70
Transportation (20 stocks)
955.39 1,009.31 1,073.18 1,046.32 1,098.04 1,139.83 1,158.90 1,223.05 1,407.13 1,462.67
923.12
916.21
863.83
929.19
Standard & Poor's Corporation: §
347.33
323.73
302.25 313.93
294.01 292.71
285.41
Combined index (500 Stocks)
1941-43=10..
331.93 346.61
276.51
277.40 271.02
265.79
286.83
397.08
379.45 396.63
370.36
360.88
348.47
337.74
339.70
319.07
Industrial, total (400 Stocks) #.. .
.do
330.17
311.84
319.05
330.90
306.68
296.33 294.62
265.71
Capital goods
do....
282.04
274.71 279.47
262.31
273.90
253.87
262.80
247.36
253.19
288.23
252.83
411.63 434.05 430.76
Consumer goods
do
399.70
353.53 352.18 368.61 386.24
339.49
324.78 331.12
327.18
323.77
305.95
140.98
140.47
137.22
133.50
116.65 119.91 127.74
116.88
114.37
113.02
Utilities (40 Stocks)
do
111.70
113.00
108.74
112.70
315.42
307.44
276.07
268.10
251.42
Transportation (20 Stocks)
1982=100...
245.69 250.63 262.59
237.65
225.63
216.97
219.89
209.02
228.91
194.13 198.07
Railroads...
1941-43—10
211.31 215.45
197.89
185.35 182.19
187.76
178.57
171.25
164.74
164.78
158.73
166.90
33.24
33.16
31.70
30.85
29.10
28.31
Financial (40 Stocks)
1970—10
26.96
26.68
25.51
24.79
24.85
26.05
24.09
28.15
125.45
127.09
122.12
122.57
114.86
113.23
104.23
98.74
104.67
99.73
98.23
99.61
Money center banks
1941-43=10..
92.05
112.03
135.63
Major regional banks
do
132.01 136.60
129.20
121.88
113.96
109.29
109.91
104.72
103.82
107.34
111.78
109.54
103.22
345.97
344.12
316.61 321.65
307.82 301.76
288.70
Property-Casualty Insurance
do ....
295.79
274.49
266.65
280.22 268.26
311.50
271.62
N.Y. Stock Exchange common stock indexes:
193.02
192.94
Composite
12/31/65=50..
185.15
180.76
175.30
169.38
164.60
165.08
160.40
155.35
152.67
161.70
156.36
149.91
231.32 230.86
221.74
204.81 211.51 216.75
200.00
Industrial
do
199.20
194.62
187.75
183.79
188.58
195.31
180.95
202.02
197.52
179.32
Transportation
do
173.47
168.89
164.32
160.14
162.66
153.09
144.07
141.93
140.39
138.60
134.12
93.44
92.90
Utility
do
90.40
87.90
84.07
79.72
77.84
77.66
75.87
74.81
74.19
73.83
71.77
74.30
165.51
164.86
Finance
do
157.78
154.09
146.59
137.91 143.26
137.19
132.26
129.61 128.83
134.66
146.48
127.26
NASDAQ over-the-counter price indexes:
469.28
461.83
446.70
447.61
Composite
2/5/71 — 100
404.08 403.99 417.13 435.99
389.32
402.74
375.78
385.01 372.89
374.43
455.01
448.47
Industrial
do
434.03
431.81 437.84
409.76
396.74
385.71 399.80
422.72
371.11
382.49 365.82
379.49
533.04
513.43 535.62
483.04
Insurance
do
503.78
469.40 480.35
461.07
441.91
432.45 426.82 425.34
425.25
408.17
485.08
484.22
Bank.
do
472.14
457.31
460.50 475.70
457.58
446.01 458.87
450.81
444.14
464.95
440.91 436.45
205.14
201.86
195.04
NASDAQ/NMS composite
7/10/84= 100..
195.38
181.71 190.19
175.67
175.62
172.49
169.07
163.15
161.60
166.78
161.95
178.19
175.63
Industrial
do
171.32
169.85
168.95
154.51 159.95
155.66
144.24
148.10
161.06
149.98
141.76
146.78
Yields (Standard & Poor's Corp.):
3.29
3.28
3.44
Composite (500 stocks)
percent
3.38
3.52
3.59
3.68
3.59
3.64
3.08
3.64
3.68
3.70
3.61
2.88
2.86
Industrials (400 stocks)
do
2.97
3.01
3.06
3.10
3.18
3.10
3.14
2.62
3.14
3.19
3.22
3.13
6.05
6.11
6.20
Utilities (40 stocks)
do
6.35
6.62
6.95
6.92
6.52
7.06
7.01
6.99
6.98
7.04
7.08
1.88
1.93
Transportation (20 stocks)
do
1.98
2.04
2.09
2.21
2.24
2.17
2.20
2.41
2.34
2.44
2.48
2.43
3.44
3.42
3.58
3.64
Financial (40 stocks)
do....
3.85
3.90
4.07
4.03
3.60
4.26
3.96
4.34
4.15
4.16
8.82
8.75
8.81
Preferred stocks, 10 high-grade
do ....
8.96
9.32
9.50
9.43
9.31
8.37
9.38
9.23
9.24
9.31
9.36
Sales:
Total on all registered exchanges (SEC):
Market value
.
mil $ 2,284,166 1,584,106 138,281 120,360 117,060 122,524 143,957 148,021 136,598 157,168 178,088 144,776 190,751 153,234
4,416
5,146
4,141
4,967
4,722
4,115
Shares sold
millions
4,530
4,675
63,771
4,049
3,922
4,247
52,474
3,805
On New York Stock Exchange:
Market value
mil $ 1,983,311 1,377,711 118,416 103,902 100,228 102,736 124,800 126,697 116,894 133,978 153,329 122,567 164,536 129,727
Shares sold (cleared or set3,517
4,242
3,283
4,092
3,887
3,356
3,694
3,909
3,264
3,222
53,038
3,162
3,528
44,018
New York Stock Exchange:
^
Exclusive of odd-lot stock sales
3,035
3,948
3,250
(sales effected)
millions
3,967
3,749
3,238
3,503
3,217
47,801
3,532
2,845
3,415
2,823
40,850
NASDAQ over-the-counter:
39,575 34,690
Market value
..
mil $
33,680
41,572
40,870
32,232
33,452
33,475 30,227
25,761
498,301
28,698 25,017
347,089
2,626
3,031
2,502
Shares sold
millions
3,029
3,080
2,666
2,883
2,532
2,716
2,488
2,287
2,522
31,070
37,890
Shares listed, NYSE, end of period:
Market value, all listed shares
bil $
2,216.31 2,457.46 2,489.44 2,443.44 2,457.46 2,609.24 2,545.11 2,591.64 2,709.88 2,787.49 2,771.49 2,980.46 3,022.19 3,800.82
Number of shares listed
millions.
78,381 79,117 79,462 79,534 79,969
77,767
77,521
71,802
76,603 76,836
76,093
75,891
76,093
76,160
1,049.44 1,004.41
2,692.01 2,642.49
221.02
216.64
1,342.02 1,188.12
347.40
396.34
288.65
439.31
142.71
297.89
208.51
33.76
130.47
132.49
364.37
340.22
388.11
277.78
430.31
143.37
272.41
198.92
32.48
117.79
123.77
381.59
192.49
229.40
190.36
94.67
166.55
188.50
224.38
174.26
94.95
160.89
469.68
455.91
538.37
460.01
205.35
178.64
454.70
441.63
546.07
427.08
198.82
173.11
3.29
2.89
5.95
2.02
3.39
8.85
8.73
4,013
3,032
45,016
3,166
31,814
2,538
2,925.38 2,969.05
81,641 81,925
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Exports (mdse.), incl. reexports,
total @
Seasonally adjusted t
Western Europe * ...
European Economic Community *
Belgium and Luxembourg *
France
Federal Republic of Germany
Italy
Netherlands *
United Kingdom
Eastern Europe *
Union of Soviet Socialist Republics
See footnotes at end of tables.
mil $ 254,121.9 322,426.4 28,544.1 27,565.2 28,982.1 27,294.6 27,963.5 33,130.8 31,367.2 31,271.1 31,536.9 28,726.7 29,609.5 '30,009.0 31,879.6
27,889.0 27,538.0 28,863.8 28,980.1 28,839.1 30,064.5 30,759.1 30,455.2 31,285.8 30,468.0 30,561.5 '30,680.3 31,009.5
do
do
69,717.7 87,857.7 7,742.3 7,204.4 8,239.5 7,330.7 7,688.7 9,606.4 8,620.9 8,589.0 8,314.7 7,961.7 7,533.0 8,835.8 8,870.2
do.... 60,575.0 75,755.3 6,778.6 6,254.3 7,019.6 6,417.6 6,801.2 8,223.3 7,372.8 7,322.3 7,216.5 6,878.3 6,372.6 7,644.5 7,632.1
750.6
615.6
758.2
do....
721.5
654.4
759.8 ' 834.0
616.9
648.0
6,189.4
761.8
660.9
640.2
7,410.5
686.5
822.6 1,014.1 1,026.0
do
936.7
958.4
987.7 1,015.4
846.5 1,051.0
899.9
927.8
880.6
7,943.2
9,969.7
793.1
do
11,747.7 14,347.6 1,291.5 1,138.0 1,293.0 1,185.7 1,415.1 1,529.2 1,373.1 1,555.3 1,447.5 1,169.7 1,216.9 1,463.8 1,623.2
621.6
544.9
540.1
do....
658.8
569.9
628.5
598.2
680.0
574.5
644.8
578.1
6,775.4
555.9
628.4
5,529.7
920.6
do
819.6
1,274.5
801.4
946.8
965.4
918.1
848.4 1,123.2
839.2
896.2
921.8 1,018.8
8,216.7 10,116.5
do...
1,406.3 1,602.3 2,137.9 1,848.7 1,629.0 1,643.9 2,093.6 1,556.0 1,713.5 1,744.3
14,113.9 18,364.4 1,696.9 1,509.6 1,633.7
255.3
157.0
do...
191.3
288.0
478.4
576.8
628.4
706.9
523.5
459.0
363.7
270.1
2,199.5
3,649.6
313.3
do...
1,479.8
2,768.9
218.4
259.4
272.8
373.9
461.9
623.0
459.8
442.0
405.0
228.8
134.5
90.4
179.3
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-17
SURVEY OF CURRENT BUSINESS
December 1989
Annual
,.
IT
vnna
1987
1988
1988
Oct.
Nov.
1989
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
69580
4345
2 1543
2239
5 1477
3955
20421
2156
62285
461 5
21454
1887
Sept.
Oct.
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS-Continued
Exports (mdse.), incl. reexports— Continued
Western Hemisphere:
Canada Q
mil $
Brazil
do
Mexico
do
Venezuela
do
Asia:
China *
do
Hong Kong *
do
Japan..
do
Republic of Korea *
do
Saudi Arabia * .
do
Singapore *
do ...,
Taiwan *
do
Africa:
Nigeria *
do
Republic of South Africa
do
Australia *
do
OPEC *
Exports of U.S. merchandise, total @
59 814 3
40399
14 582 2
35860
71 622 0
42665
20 628 4
4 611 9
3497 3
3983 1
5021 4
28 248 6
80987
33734
4,052.7
74127
5687 4
37 725 2
11 231 8
3776 1
5,767.6
12 129 1
63587
3130
2047 4
4093
4129
529 1
32596
9594
330 1
508.8
8200
6307 2
3448
1 9545
5517 8
424 1
4080
1 9179
4586
4493
4335
3 2337
5339
5269
33156
861 5
1 156 5
3199
556.6
9243
3325
519.1
8284
Mineral fuels, lubricants, etc
Oils and fats, animal and vegetable
Chemicals
do . 406,241 0 440 952 3 38 795 2 38 389 3
37 121 1 38,087 3
do ...
do
95 496 1 100 442 8 8 551 5 89003
do
81 188 0 84 938 5 7091 4 74646
do....
4,493 3
4,170.9
388.5
'3947
do
10 730 2 12 508 5 1 0040 1 0322
do
27 069 3 26 361 9 2*1397 22934
do
11 039 6 11 576 0
9883 1 0287
do
39636
4246
4150
45589
do.... 17,341.3 17,976.4
1,615.1
1,508.9
do. ..
1736
19226
1403
21626
do
4247
mil $
do
do
do
71 085 0
78654
20 270 8
55790
do
do
do
do
do
do
do
62935
9 854 1
84 575 0
16 986 9
4433 1
6201 0
' 24 621 8
do
do
do
do
5860
81 397 9
92943
23 259 7
5 1574
382
7 3385
766 7
1 9983
4089
630
7 1220
745 4
20567
391 2
7988
8340
85109
931 6
10 237 8 1 0002
89 518 7 8441 2 8 1914
20 105 1 1 699 1 1 6826
56202
3637
4339
6840
7 9733
7383
24 713 9 20750 1 9438
3 278 5
1 5129
3 541 3
23 953 1 22 962 2
35734
1 3455
3007 2
1803
1426
151 7
314 1
2669
1 847 9 1 7159
2632
mil $
42 285 4 38 786 5 29325 2957 5
do .... 363 615 2 402 165 8 35 862 7 35 431 8
do
20 547 1 20 109 8 1 6150 16460
do....
4,104.9
414 1
41226
4435
do
3859
3793
29392
*9325
3425
453.6
7055
3552
471 0
581 8 4044
6596
5194
6020
589 0
4 167 5 36369 36029 39664
1 1864 1 0090 1 1582 1*302 5
2905
2754
3026
3347
606.5
566.8
557.3
795.6
9400
9190 10233 1 0049
4992
4942
3292 1
9989
2945
507.5
8339
r
6 404 1 6,951 9
401.6
458.6
1,998.7 2,346.0
255.0
208.7
4562
7037
6447
5858
5065
501 1
39423 39329 35554
1 241 5 10875 11706
251 1 282.7
2431
592.3
618.8
666.8
894.9
9761
9242
5553
4692
3,723 9
1,110.0
286.8
581.7
1,010.3
3357 0 34697 40402 3421 1 3314 1 30488 29662 27682 30118 33922
22 058 6 23 641 3 28 126 3 26 435 7 26 818 4 26 862 6 24 928 1 25 614 7 27 440 2 28 487.4
22400 2413 1 29182 2497 1 25794 23965 25336 23324 23981 2,401 6
477.7
4464
4526
3840
4347
4330
3987
4696
3839
491 4
20836
6782
22721
6730
26214
7830
2,262 3
8139
22335
8710
22185
8311
21785
7176
20458
8425
2,058.6
841.1
2,343.4
886.9
996
25610
1150
28609
127 8
3231 2
1057
33280
1051
34065
932
33649
1090
31114
1244
30675
1653
2,992 5
1132
2 943.0
1,769 6
2,106 4
25958
2,266.1
2 354.2
2,372 7
2,158.1
2,351.8
2,332.5
2,470.5
'21722
24233
29659
26505
26723
30451
26719
27339
2,797.3
2,781.2
10 102 1 11 231 6 13 788 9 12 839 1 12 533 6 12 797 5 11 810 7 11,965 8 13,212.1 13,508.6
2
22602
2 1433
39 383 9 36 032 1 36 687 1 40 146 8
39 668 4 37 877 3 38 220 3 39 549 0
94907 7 2842 8313 1 92097
8028 1 6071 8 67725 7 721 1
3793
3073
3614
4364
1 1023
9274 1 053 3 1 1280
2649 1 1 902 1 1 9583 2334 5
1 0256
826 1 1 1429
7632
411 4
401 2
3560
4393
1,735.4 1,211.7 1,520.2 1,586.4
203 3
2334
2042
1596
38 185 1
39 044 7
83894
69353
4041
1 1620
2091 6
9253
346 9
1,397.8
1533
1045
1 7440
738
2 049 2
424
64768 7 891 3 7 2958
759 6
731 2
6727
1 967 1 1 977 9 2 141 5
4163
404 5
519 5
809
7 6362
*674 7
2 278 8
546 4
64 4
7 4832
713 4
2377 0
553 5
2 1242
40 895 7 40 494 1
40 534 3 39 292 8
86673 85393
72129 7 1720
'3941
3978
1 0347 1 3000
2*086 1 1 9806
9798 10533
3772
3709
1,681.6 1,378.7
1902
1447
406
81388
627 1
25437
632 1
9326
7277
818 2
668 6
823 3
787 7
7433
6349
622 5
810 7
9156
695 7
84777 64726 7 942 1 8 390 8 7 5302 78842
1 937 4 1 6130 1 4885 1 613 3 1 5536 1 661 2
5905
587 6
6237
5634
512 5
5626
780 0
773 5
686 6
619 7
709 7
598 3
2 1129 1 831 3 1 8227 1 7089 1 863 7 20920
2696
1198
2743
1 9843
359 3
323 2
313 3
121 5 145 5
123 6
271 6
307 8
296 3
22339 1 997 6 22164
404 7
1290
3094
24580
20384
5234
1402
3267
29006
73930
7888
23802
5527
1 0166 1 1549 1 2837 11830
8890
9688
8759
808 1
79065 79854 79148 76188
1 6990 1 7487 17546 16915
5643
6544
5845
6307
7953
8185
7292
692 0
2 131 2 21820 23846 2,176.5
13384
10584
8631 1
1 782.1
5348
8503
2,290.7
4927
4836
6530
1306
123 1
111 6
317 0
311 2
3405
27894 28179 2,489.5
3305
1236
3802
2,595.7
75066
8295
22532
5426
4906
136 1
3320
26404
1000
1 5835
86 5
1 7062
447
1 8196
622
1 7232
690
1 9232
383
1 7042
624
1 7380
80 1
1 7762
5,447 3
5,519.0
50872
5,275 5
50784
52944
5,130.3
53652
52702
6338 1
60159
5937 5
54090
56165
56750
53756
6081 4
66267
887 5
19 559 7
62,249 0
69 748 9
635
56191
759 1
2 1600
5267
3338 5 35580 3281 3 3737 7 4 1358 48066 42650 43322 43704 4,032.6 4 364.6
36 045 4 32 339 2 34 278 9 36 174 3 34 088 0 36 267 6 36 015 5 34 722 8 36,661 6 34,466.6 38,967.4
17696 1 9240 1 771 6 17924 1 6894 1 8105 1 657 1 1 6126 17938 1,514.2 1,728.3
490.8
371.5
371.5
3271
3353
3012
3544
3711
3211
3245
3585
923
568 1
162134
r
39 456 4 40,513 9 38,605.8 43,332.0
38,709 0 40,662 1 r39,193.5 41,210.2
8811 5 82497 76607 93307
74665 7 146 1 63974 77804
409.1
372.5
299.5
*420.1
9490 11278
1 1117 1 Oil 2
2 155 1 20640 18361 2 233.4
7751 1 136.6
1 1802 11137
491.5
3880
3752
406 1
1,514.7 1,655.5 1,496.4 1,724.6
173.8
168.9
1667
1860
561
1 6688
do
do
21715
7,794.9
7294
24364
6508
1 2835 1 3737 12848
43922 51041 45429
1 2009
30720
19448
522
1 3250 1 207 1 1 4057
38160 35673 40244
13 624 4
41 041 5
1 6685
7,014.3
6357
22165
541 1
1 161 5
36052
11 525 7
44 219 5
1 4035
548
81 9
11723
31616
do ....
Manufactured goods classified chiefly
by material
mil. $.. 53,356.3
Miscellaneous manufactured
articles *...
.
do
65 183 1
Machinery
and
transport
equipment
do ... 177 808 7
Machinery, total #
do .... 99,432.9
Transport equipment
do .... 78,375.8
Motor vehicles and parts
do
70 763 8
See footnotes at end of tables.
7417 6
3049
20917
2224
7 2488
3334
2 1752
2877
392
377
296
273
1128
33 1
407
194
343
27 5
295 1
31 7
43 5
324
3567
1498
1505
127 0
1244
1494
1305
1670
1382
157 5
1057
1127
1759
1489
1 281 2 1 687 6
8132
9097
6402
7997
7147
6907
681 5
6169
6892
6088
551 9
8135
7953
69729
54948
9938 1,098.1
9206
do
9745 10880
11 058 1 13 994 3 1 2569 1 2408 1 3260 1 1645 1 1540 1 1245 1 103 8 1 101 4
r
do.... 245,115.0 310,049.1 27,449.4 26,559.3 27,676.5 26,320.5 26,881.7 31,688.5 30,224.8 30,109.9 30,289.3 27,641.2 28,533.7 28,842.1 30,665.0
By commodity groups and principal
commodities:
Agricultural products total
do
28 636 2 37 046 6 32997 34709 3 5107
215 222 7 285 379 8 25 244 4 24 094 3 25 471 4
Nonagricultural products total
do
Food and live animals #
mil $
19 178 8 26 701 2 2507 0 24104 23840
Beverages and tobacco
do
4454
4093
3937
3 6667
4 6084
Crude materials, inedible, exc.
fuels #
do
20,416 3 25 524 5 20307 2,277.3 2 485.6
867.1
674.8
Mineral fuels, lubricants, etc. #
do....
6786
7,713 1
82785
Oils and fats, animal and vegetable
do
1163
1147
1294
1 5384
981 4
Chemicals
do
26 380 9 32 644 5 2665 1 26357 28019
Manufactured goods classified chiefly
by material
mil. $.. 17,136.1 24,525 5 2,120 3 2,087.5 2,379.2
Miscellaneous manufactured
articles *
do
19 409 0 25 820 7 2246 1 21458 25074
Machinery and transport equipment,
total
mil. $
108,596 0 142 375 4 12 743 5 12,039.3 13 129.2
Machinery, total #
do
69,637 0 88 432 0 79236 74730 83814
Transport equipment, total
do . . . . 38,959 0 46 702 8 40880 4,040.4 40875
Motor vehicles and parts
do
20 878 8 24 019 7 20784 2 1179 1 9579
VALUE OF IMPORTS
General imports, total @
Seasonally adjusted t
Western Europe *
European Economic Community *
Belgium and Luxembourg *
France
Federal Republic of Germany
Italy
Netherlands *
United Kingdom
Eastern Europe *
Union of Soviet Socialist Republics
Western Hemisphere:
Canada
Brazil . . . .
Mexico
Venezuela
Asia:
China * ...
Hong Kong *
Japan
Republic of Korea *
Saudi Arabia *
Singapore *
Taiwan *
Africa:
Nigeria *
Republic of South Africa
Australia * ..
OPEC *
By commodity groups and principal
commodities:
Petroleum a n d products * . . .
Nonpetroleum products *
Food and live animals #
Beverages and tobacco
Crude materials, inedible, exc.
fuels #
7 0066
3480
20588
2479
60860 64848
3348
386 1
1 8435 2052 1
3682
3840
1 1808 13898
46031 4,657 8
1,239.1
4,326.7
1 297.5
4,652.2
648
1 7230
489
1,534 3
687
1 857.4
5,171.6
5,471.5
4,918.2
5,533.1
71579
75434
68653
77023
593
1 6568
197 016 7 17 801 4 17,598.9 18 477 4 14,969 5 17 077 4 18 288 0 17,195 9 18 021 1 17 518 2 16 233 1 16,741.1 16,436.0 18,446.2
117,281 0 10,571 4 10,370.8 10,807 4
79,772 4 7,194.5 7,178.3 7,538.4
71 065 0 66042 64637 68145 254725 62184 65100 6031 9 6 1238 5801 1 50295 49078 52211 61935
Nov.
S-18
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
SURVEY OF CURRENT BUSINESS
Annual
..
IT
vmts
1987
December 1989
1989
1988
1988
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
Aug.
July
June
Sept.
Oct.
Nov.
FOREIGN TRADE OF THE UNITED STATES—Continued
Indexes
Exports of U.S. merchandise:
Unit value @
1977 — 100
Quantity
do
Value
do
General imports:
Unit value @
do
Quantity
do
Value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous met tons
Value
mil $
General imports:
Shipping weight
thous met tons
Value
mil. $..
1586
1270
201 4
1696
1498
254 1
1758
1498
2634
1758
145 1
2550
1763
1590
2804
1740
1446
251 7
1725
1557
2685
1755
181 5
3186
174 6
1694
2957
1756
1699
2984
1766
1677
2962
1772
1559
2762
(3)
(3)
(3)
1646
1692
2785
1729
175 1
3027
1718
1854
3186
1723
1830
3152
1744
1829
3189
1762
1684
2967
1775
1742
3093
1797
1828
3287
1815
1734
3148
1823
1856
3382
181 5
1828
3317
181 4
1773
3216
(3)
(3)
(3)
324 125 r361 173
99011 125 782
29024
10 555
29230
10690
34266
11995
29 117
10672
28962
11*721
34760
13277
33036
12*564
34284
12756
34 563
11 957
29061
11 989
427 913 r464 606
245,030 '254,766
40426
22,041
39856
21,453
43501
23,213
38364
19,959
36814
21,015
39414
22,283
38573
21,372
44918
23,426
41664
23,109
44013
24,113
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Certificated route carriers:
Passenger-miles (revenue)
bil
Passenger-load factor
percent..
Ton-miles (revenue), total
mil
Operating revenues (quarterly) # §
mil. $..
Passenger revenues
do
Cargo revenues
do
Mail revenues
do
Operating expenses (quarterly) §
do....
Net income after taxes (quarterly) §
do....
Domestic operations:
Passenger-miles (revenue)
bil
Cargo ton-miles
mil
Mail ton-miles
do
Operating revenues (quarterly) §
mil. $ ..
Operating expenses (quarterly) §
do....
Net income after taxes (quarterly) §
do....
International operations:
Passenger-miles (revenue)
bil..
Cargo ton-miles
mil
Mail ton-miles
do
Operating revenues (quarterly) §
mil. $ ..
Operating expenses (quarterly) §
do....
Net income after taxes (quarterly) §
do....
Urban Transit Industry
Passengers carried total tT
mil
Motor Carriers
Carriers of property, large, class I, qtrly.:
Number of reporting carriers
Operating revenues total
mil $
Net income, after extraordinary and prior
period charges and credits
mil $
Tonnage hauled (revenue), common and
contract carrier service
mil tons
Freight carried—volume indexes, class I and II
intercity truck tonnage (ATA):
Common carriers of general freight,
seas adj
1967 100
Class I Railroads ?
Financial operations, quarterly (AAK),
excluding Amtrak:
Operating revenues, total #
mil $.
Freight
do
Passenger, excl. Amtrak
do....
Operating expenses
..
do
Net railway operating income
do
Ordinary income t
do....
Traffic:
Revenue ton-miles, qtrly. (AAR)
bil.,
Price index for railroad freight
12/84=100 ..
Travel
Lodging industry:
Restaurant sales index same month 1967 — 100
Hotels: Average room sale Q
dollars
Rooms occupied
% of total.
Motor hotels: Average room sale 0
dollars .
Rooms occupied
% of total.
Economy hotels: Average room
sale Q
dollars
Rooms occupied
% of total.
Foreign travel:
U.S. citizens: Arrivals (quarterly)
thous .
Departures (quarterly)
do...
Aliens: Arrivals (quarterly)
do...
Departures (quarterly) .
do
Passports issued
... .
do
National parks, recreation visits ##
do...
See footnotes at end of tables.
404.47 423.30
62.5
62.3
50,469 53,800
1
56,787 '63,633
'50,296
44,918
1
6,434 '7,478
'972
924
1
54,339 '60,136
465 ' 1,785
35.45
61.9
4,605
32.53
59.8
4,295
33.48
58.3
4,413
16,030
12,474
2017
269
15495
240
32.18
56.2
4,099
29.37
56.9
3,834
36.03
65.0
4,670
16,385
12,768
2,199
236
16,075
189
33.57
62.0
4,373
35.38
62.5
4,535
40.05
69.7
5,030
17,632
13,803
2,142
237
16497
577
41.90
69.5
5,200
44.38
72.4
5,441
34.70
60.5
4,500
324.69 329.31
4,843
4,340
1,367
1,313
1
'50,052
45,658
1
43,925 '47,562
'66 ' 1,027
27.32
437
111
25.85
426
113
26.22
413
169
12,744
12,243
162
24.85
363
112
23.28
368
107
28.45
431
125
13,160
12,761
12
26.10
411
114
26.94
418
110
29.93
420
109
13,977
12,823
615
30.93
404
101
32.97
420
114
25.42
424
109
93.99
79.83
3,921
4,789
470
443
10,925 ' 13,332
10,226 '12,361
'720
'307
8.12
473
39
6.67
457
46
7.26
423
61
3,233
3,201
77
7.33
371
36
5.99
389
35
7.58
470
41
3210
3,296
176
7.48
451
39
8.44
432
38
10.12
457
38
3,640
3,657
38
10.97
467
38
11.41
427
41
9.28
461
36
r
'764
r
r
'753
785
756
764
688
760
734
158.6
169.0
157.4
260.7
106.7
2
107.1
79.9
106.7
76.7
106.9
289
10,017
230
6,488
232
4,845
227
1
8,766
1
r
8,950
786
r
740
100
5,055
127
80
135
45
41
43
100
4,964
'297
'464
'181
'170
163.8
177.2
178.1
720
100
4,715
100
100
18,398 '18,668
178.3
709
178.3
177.6
169.2
172.2
172.7
172.5
7,105
6,996
6,779
22
6,265
443
507
7107
6,886
21
6,281
490
715
26,623 '27,979
25,798 '27,135
85
95
23,881 '24,883
1 752 '1961
1,989 '2,319
166.7
6,205
593
635
943.7
100.1
996 2
104.8
105.4
i05.4
254.4
105.4
105.8
105.9
249.2
105.9
106.0
ioe.o
254.5
106.3
106.9
223
82.58
68
47.79
62
236
85.12
66
45.88
64
258
89.71
72
44.25
66
222
88.54
66
43.62
56
241
85.40
52
43.33
48
192
88.78
58
44.17
54
224
91.84
68
48.15
66
252
89.43
70
49.22
72
240
89.88
72
47.80
69
290
89.63
70
46.32
68
272
85.12
71
47.36
72
262
79.01
68
48.66
75
32.87
64
40.62
65
33.42
65
33.32
56
35.03
49
35.31
53
39.15
66
39.32
65
39.05
67
38.01
69
40.80
77
40.25
80
' 17,005
'16,425
'11,639
' 10,239
4,872
55,782
'17,583
'17,209
'13,804
'12211
4,061
55,422
323
1,441
4,189
3,763
3,166
2,830
424
2,323
416
5,043
4,504
4,682
3,654
3,158
396
7,719
2
1,902
2
1,850
2
1,709
2
233
2,241
3,829
3,943
3,247
2,939
223
1,304
235
4,737
283
1,516
375
3,081
1,281
300
10,249
S-19
SURVEY OF CURRENT BUSINESS
December 1989
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
IT .,
vnns
1987
1989
1988
Annual
1988
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
Aug.
July
June
May
Oct.
Sept.
TRANSPORTATION AND COMMUNICATION— Continued
COMMUNICATION
Telephone carriers: ()
Operating revenues #
Station revenues
Tolls, message.
Operating expenses (excluding taxes)
Net operating income (after taxes)
Access lines
mil $
do.. .
do
do
do....
mil ..
74,657
31,669
9,171
50,384
13,370
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% A12O3) $
thous sh tons
1 274
1264
Chlorine gas (100% C12) $
do
11019 11329
Hydrochloric acid (100% HC1) $
do
2568
2869
Phosphorus, elemental $
do.
352
344
Sodium hydroxide (100% NaOH) $
do
11486 11 983
Sodium silicate, anhydrous $...
do
748
952
Sodium sulfate (100% Na2SO4) j ...
do
813
789
Sodium tripolyphosphate
(100% NasP3Oio) f
do
551
586
Titanium dioxide (composite and
pure) $
do
1 026
968
Sulfur, native (Frasch) and recovered:
Production....
thous met tons
*9 363 '9450
Stocks (producers') end of period
do
1 112
2316
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrous $
thous. sh. tons
16095 16937
Ammonium nitrate, original solution $
do
7 186
6 547
Ammonium sulfate $
do
2337
2 189
Nitric acid (100% HNO3) $
do
7 225
7 887
Nitrogen solutions (100% N) $
do....
3,119
2,385
Phosphoric acid (100% P2O5) $
do.... 10,685 11,729
Sulfuric acid (100% H2SO4) $
do.... 39,235 42,775
Superphosphate and other phosphatic
fertilizers (gross weight):
Production
thous sh tons
15674 16858
Stocks, end of period
do.
704
879
Potash, sales (K2O)
do
6204
5703
Imports:
Ammonium nitrate
thous. met. tons
267
279
Ammonium sulfate
do
259
337
Potassium chloride
do
6613
6796
Sodium nitrate
do
93
131
Industrial Gases t
Production:
Acetylene
mil cu ft
4948
5284
Hydrogen (high and low purity) ...
do
149 217 143 819
Nitrogen (high and low purity)
do
675 843 719 371
Oxygen (high and low purity)
do
402 644 448 695
Organic Chemicals §
Production:
;
Acetylsalicylic acid (aspirin)
thous. met. tons..
'108
109
Ethyl acetate
do ....
'97.1 '1153
1
Formaldehyde (37% HCHO)
do
2 600 5 1 2 848 8
Glycerin, refined, all grades
mil Ib
2764
2817
Methanol, synthetic
thous. met. tons.. 1 3,418 2 '36928
Phthalic anhydride
do ....
469.6 M529
ALCOHOL
Ethyl alcohol and spirits:
Production
Stocks, end of period
Denatured alcohol:
Production
Consumption (withdrawals)
For fuel use....
Stocks, end of period
See footnotes at end of tables.
mil. tax gal ..
do....
mil wine gal
do
do
do
105
89
946
222
26
997
88
64
109
955
238
31
1 028
' 68
68
97
972
221
29
1 023
74
66
102
930
249
31
988
71
67
107
910
243
32
972
71
70
104
949
241
32
1 031
72
64
114
913
241
31
985
77
62
103
924
223
28
999
79
62
50
65
91
974
227
30
1039
64
71
51
47
45
49
46
49
46
55
50
50
47
78
86
91
93
92
87
96
92
93
97
92
96
987
205
29
1 038
70
63
98
966
221
29
1 022
66
65
(3)
233
30
(3)
(3)
92
r
836
1 324
816
1 210
931
1 112
935
1 101
794
1 122
925
1 159
902
1 252
908
1 310
891
1387
893
1 498
868
1483
819
1500
846
1492
1346
1400
1520
1529
1342
1 494
1471
1 505
1433
1380
1268
1292
1,390
587
213
627
272
1,004
3,673
621
207
654
278
961
3,675
658
210
708
304
1,066
3,922
687
201
726
263
1,007
3,790
612
188
660
243
936
3,496
675
199
715
258
1,045
3,821
673
207
701
261
966
3,659
684
206
714
269
965
3,687
628
200
666
245
869
3,291
600
198
640
247
927
3,504
573
195
616
204
971
3,691
564
191
r
593
'228
958
3,541
637
194
661
250
1,012
3,716
1 588
602
438
1 515
749
447
1 604
879
548
1 592
860
579
1 400
989
344
1 640
970
401
1 640
913
731
1 594
874
637
1 366
1 Oil
238
1 455
962
256
1 472
826
529
1r 429
769
409
1 578
827
16
13
543
5
16
40
586
(2)
44
32
558
g
4
40
4
23
710
4
11
46
6
396
14
37
53
541
14
46
48
659
11
38
30
427
21
46
14
261
22
21
9
89
2
29
19
472
12
24
16
495
6
29
48
558
488
11 022
60*566
37*603
446
11 849
58607
38022
484
11 209
61 382
39 353
444
10498
61 071
38522
425
10955
57 539
36668
480
11 554
63*163
39735
450
11 145
61 005
37 721
347
11 214
62200
40 190
381
12377
58734
39 158
343
11 607
61434
38801
422
11 773
461
11593
62188
37770
248
260
20
325
7863
194
9504
1324
4
5
24
5
340
731 0
249
5
752 1
5
1300
5
277
209
240
285
24
318
7406
220
9016
1303
234
7303
43.4
7772
397
697
359
697
36.3
678
397
822
450
698
48 1
689
462
686
434
793
457
76 1
397
776
449
4425
4608
2083
97
4625
469 1
2160
92
36 1
385
182
75
382
369
18 1
74
422
397
172
92
38 1
378
17 0
91
389
380
13 3
88
434
42 1
12 8
92
34 5
363
14 4
76
477
458
17 1
93
446
456
16 5
98
390
399
14 5
79
r
62 645
r
38 177
231
r
1.8
31.3
7157
25.7
874.8
122.2
(2)
Nov.
S-20
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown. in
BUSINESS STATISTICS: 1986
.,
IT
Umts
1987
December 1989
1988
Annual
1988
Oct.
Nov.
1989
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
CHEMICALS AND ALLIED PRODUCTS-Continued
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
thous. met. tons ..
Polyethylene and copolymers... .
do
Polypropylene
do
Polystyrene and copolymers
do
Polyvinyl chloride and copolymers
do . .
PAINTS, VARNISH, AND LACQUER *
Total shipments
mil $
Architectural coatings
do ....
Product coatings (OEM)
do
Special purpose coatings
do ....
2
769.8
'7 8810
37570
'37820
765.3
6
3 291 6
4 1662
'38955
10 167 6
4,245.4
37825
2,139.7
10 716 1
4,372.1
40629
2,281.1
;
31648
2
1
8 479
J
2 i56 i
'7648
r<20046
4
759 7
4
1 0585
908 1
354.8
3632
190.1
8197
300.6
3447
174.4
8205
309.4
344 5
166.6
751 5
281.2
3147
155.5
1 093 2
841 3
317.7
3593
164.4
9526
387.3
3693
196.0
9857
399.1
3726
213.9
1 0727
'464!4
3820
226.2
1 898 4
7898
19132
7077
1 031 5
10565
1 091 5
'464.8
393 2
23315
9659
43LO
3198
215.1
1 1144
484.2
381 6
248.7
1 0197
414.4
3808
224.5
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production:
Electric utilities, total
mil. kw.-hr.. 2 572 127 2 701 624
By fuels
do.. . 2,322,432 2,478,686
249 695 222 938
By waterpower
do
Sales to ultimate customers, total (Edison
Electric Institute) <)
mil. kw.-hr . 2 435 483 2 549 909
Commercial §
do . 658 445 695 181
Industrial §
do . 843 709 880,947
Railways and railroads
do....
4,898
5,110
Residential or domestic
do .... 846,457 885,146
Street and highway lighting . .
do
14386
14537
Other public authorities
do
64598
63047
Interdepartmental
do
4541
4392
Revenue from sales to ultimate customers
(Edison Electric Institute) Q
mil. $
155,700 162,188
GAS**
Total utility gas, quarterly
(American Gas Association):
Customers, end of period, total @
Residential
Commercial
Industrial @
Other
Sales to customers, total
Residential
Commercial
Industrial
Electric generation
Other
Revenue from sales to customers, total
Residential
Commercial
Industrial
Electric generation
Other
thous
do
do
do
do
tril. Btu.
do
do
do
do
do
mil. $..
do
do ....
do
do
do ..
210 377 209 394 232 550
195,265 190 928 212 637
15 112 18466 19913
231,343 219,066 226 436 207 749 219 803 235 397 256 744 258 335
211,378 200,447 203 794 183 674 191 771 209 515 234 074 238 148
19965 18620 22 642 24075 28033 25881 22670 20 187
614 775
167 127
221 204
1,294
203,879
3881
16150
1239
648 311
169 383
217 772
1358
238 476
3758
16573
990
611 933
170 802
225 488
1,233
193,532
3347
16388
1 141
38559
40087
39076
r
r
52 683
48
377
r
4088
168
r
50
10,691
r
4692
r
2304
r
2204
1331
160
r
r
r
r
52 683
48
377
r
4088
168
r
50
r
2801
1r 319
634
r
607
190
r
51
53 552
49 109
4210
177
55
4002
2 152
961
622
209
58
53 143
48761
4 162
169
51
1932
791
408
438
263
32
r
12 514
r
7017
r
2953
1r 812
570
161
18564
11 230
4659
1 938
499
239
8,531
4496
1,913
1335
669
117
51 786
47
564
r
3989
179
54
10,543
4385
2156
ro QQQ
1509
'l55
45,492
23622
10,271
r
7279
r
3789
530
46,109
24 812
10,670
r
6702
r
3387
'539
r
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil bbl
Taxable withdrawals
do
Stocks, end of period
do
Distilled spirits (total):
Production
mil tax gal
Consumption, apparent, for beverage
purposes "j"
mil wine gal
Stocks, end of period
mil tax gal
Imports
mil proof liters
Whisky:
Production
mil tax gal
Stocks, end of period ...
do
Imports
mil proof liters
Wines and distilling materials:
Effervescent wines:
Production
mil wine gal
Taxable withdrawals
do..
Stocks, end of period
do
Imports
mil liters
Still wines:
Production.. ..
mil wine gal
Taxable withdrawals..
do
Stocks, end of period
do
Imports
mil liters
Distilling materials produced at
wineries
mil. wine eal .,
See footnotes at end of tables.
19542
17785
1294
19770
17806
1323
15 61
1409
14 15
1402
1321
13 47
1332
1223
13 23
1588
1409
1338
1529
1320
1384
17 57
1541
14 24
1730
1488
1499
1840
1678
1472
1875
1694
14 35
1828
1623
1460
1835
1741
1433
7651
9472
1296
975
8 13
9 17
941
11 42
988
970
893
477
38822
45500
40460
37820
42092
363 20
31 28
42638
44 50
3868
42398
42 10
4496
42092
26 50
2506
38937
3
24 14
2661
42394
2823
30 25
427 12
2444
2842
42909
26 66
3063
43304
30 52
31 70
42377
2397
2779
40570
2463
3385
3290
54.08
3833
39372
26850
4827
36456
231 90
5 61
36740
3080
6 04
36488
2760
5 56
36456
16 50
621
333 10
3
15 61
6 75
36747
17 15
9 13
371 45
1445
8 12
373 97
1580
7 97
37597
1935
6 45
37086
1446
260
32593
1336
21 44
1834
36.46
27 89
3004
1499
5250
3072
• 2924
1865
4930
3 65
387
1795
7 50
3 02
469
1548
800
262
354
18 65
490
277
121
16 53
1 91
202
125
17 28
2 10
2 20
127
17 66
238
1 76
208
17 85
327
2 33
210
1807
250
2 18
127
1876
243
276
179
1957
343
4 11
782
44283
451 80
60297
31200
r
470 90
r
445 16
58677
25740
117 01
3246
54827
2700
5330
3433
587 32
2650
4503
34 35
58677
I960 •
1034
2975
57930
1498
563
2940
54493
13 55
4 12
3246
53843
21 02
473
33 97
53681
1988
5 13
3588
53569
21 48
636
41 54
53386
18 68
526
31 62
439 14
1803
3656
3866
39684
2044
1776
2851
145.90
131.76
32.88
8.95
4.01
3.23
4.95
4.58
4.93
5.56
5.09
7.01
3
3
2 14
1 33
1832
274
12.24
Nov.
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-21
SURVEY OF CURRENT BUSINESS
December 1989
Annual
..
TT
Umts
1987
1989
1988
1988
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
DAIRY PRODUCTS
Butter:
Production (factory)
mil Ib
Stocks, cold storage, end of period
do
Producer Price Index
1982—100
Cheese:
Production (factory) total
mil Ib
American whole milk
do
Stocks, cold storage, end of period
do
American, whole milk
...
do
Imports
. .thous met tons
Price, wholesale, cheddar, single daisies
(Chicago)
$ per Ib
Condensed and evaporated milk:
Production, case goods
.
mil Ib
Stocks, manufacturers', case goods, end of
period
do
Exports
thous met tons
Fluid milk:
Production on farms t
mil Ib
Utilization in manufactured dairy
products
do
Price, wholesale, U.S. average
$ per 100 Ib ..
Dry milk:
Production:
Dry whole milk
mil Ib
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of period:
Dry whole milk
do
Nonfat dry milk (human food)
do....
Exports, whole and nonfat
(human food)
thous met tons
Price, manufacturers' average selling, nonfat
dry milk (human food)
$ per Ib
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye,
wheat)
mil bu
Barley:
Production (crop estimate)
mil met tons
Stocks (domestic), end of period, total
do
On farms
do
Off farms
do
Exports, including malt §
thous met tons
Producer Price Index, No. 2 feed,
Minneapolis
1982=100 ..
Corn:
Production (crop estimate, grain
only)
mil. met. tons
Stocks (domestic), end of period, total
do....
On farms
.
do
Off farms
do
Exports, including meal and flour. ..
do
Producer Price Index, No. 2, Chicago.
1982—100
Oats:
Production (crop estimate)
mil met tons
Stocks (domestic), end of period,
total.
do
On farms
do
Off farms
do
Exports, including oatmeal
metric tons
Producer Price Index, No. 2, Minneapolis
1982=100..
Rice:
Production (crop estimate)
mil. met. tons..
Southern States mills:
Receipts, rough, from producers
mil Ib
Shipments from mills, milled
rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
mil Ib
Exports
thous met tons
Producer Price Index, medium grain,
milled
1982= 100 ..
Rye:
Production (crop estimate)
mil. met. tons
Producer Price Index, No. 2,
Minneapolis
1982=100 ..
Wheat:
Production (crop estimate), total
mil met tons
Spring wheat
do
Winter wheat
do
Distribution, quarterly @
do
Stocks (domestic), end of period, total
do
On farms
do
Off farms
do
Exports total including flour
do
Wheat only
mil bu
See footnotes at end of tables. '
1 104 1
1432
953
1 207 5
2147
8
908
923
2373
922
956
2262
921
1120
2147
921
1290
2466
891
1247
3144
886
1357
341 9
885
1247
379 1
885
1225
4383
885
953
4642
885
722
4610
883
801
4392
90.5
821
4076
891
927
3694
85.7
53442
27167
457 1
3674
1202
5571 6
27566
388 1
2834
1146
4700
2209
4007
2932
106
4589
2145
3667
2608
126
4865
2350
388 1
2834
122
4566
2256
3953
2838
"74
4195
2087
4023
2909
69
4884
231 9
3947
2838
87
4726
2362
405 1
288 1
80
4949
2470
423 1
3073
82
4855
2400
4296
3091
88
464 6
2268
4270
3087
102
4604
2140
418 1
3005
123
4472
2003
3672
2684
129
4530
2068
3416
2475
133
5797
5887
428
422
456
445
41 5
490
477
470
486
425
420
378
373
318
24
441
35
894
1
515
10
441
1
594
11
2
751
25
852
19
905
3i
1026
12
1175
14
116.5
16
116.7
5
98.7
5
69.7
3
121 294
123 896
10125
9790
10251
10476
9839
10860
10770
11095
10435
10293
10,135
9736
r
9,918
9,686
84720
12.53
85072
12.22
6633
13.00
6,425
13.40
6948
13.50
7189
13.40
6878
13.10
7,866
12.70
7654
12.30
8075
12.20
7,553
12.30
6,851
12.60
6,970
13.20
6,505
14.00
6,525
14.70
"15.20
1459
10568
1723
9785
142
568
129
543
142
758
153
87 1
139
856
135
957
143
998
14 1
998
139
81 0
12.7
608
14.5
539
13.9
463
17.6
480
80
65.1
128
45.1
106
49.9
108
39.1
128
45.1
129
60.4
109
79.8
101
84.6
11 7
97.9
10 1
98.4
109
77.5
90
66.7
89
56.9
62
44.6
80
36.1
1759
153 1
120
133
146
60
80
162
179
17 5
249
189
203
147
793
773
826
841
849
853
841
816
828
834
854
908
979
1064
29204
34483
2734
2466
2954
485
8 109
3980
4 129
684
3361
117.5
110.2
(9)
2
11 529
«7307
6
4222
6
3085
31145
"85.7
2
179 44
7
248 20
7
154 95
79325
4081
6 391
7 g 109
73930
7
4129
22444
8
5 429
110.4
2
125 00
7
179 63
7
108 72
77090
4632
8
2
97 1
438
114 4
104 2
106 4
479
114.9
118.6
130.1
3086
44
278
4
1 842
^2436
2238
171 4
2257
9090
5516
3574
2131
132.2
130.6
106.6
117.5
114.9
5 17
451
35 49
538
508
339
24 58
'2446
272
108 7
111 6
1069
111 1
103 1
1024
948
113 0
"92.5
8
135.4
2
2
7.237
8 808
1926
1109
112.3
112.8
109.7
"192.79
1
49.03
1
3
86 85
5
51 36
3
"13219
"76 74
"5545
3 94
"446
947
918
959
5
5381
6
1
6
626
1116
e 510
29989
5.879
442
17963
10872
7090
379
"64
"6 113
"2687
"3426
69
3 176
6
1 926
6
1499
6
427
30213
5
120.2
46
1.220
(12)
2
677
2
11
6
1 119
2420
156.1
143.2
994
142.6
"3212
155.3
1
427
6
870
e 557
2676
14 769
4402
6436
2353
5064
3138
4798
133.4
131.8
118.1
117.0
104.9
92.5
85.3
84.5
6,597
82.4
87.4
"7.095
9533
8985
2063
640
614
784
957
997
1 037
631
516
428
7791
6722
677
633
775
609
656
855
705
749
780
616
2689
2380
2011
2 199
2529
235
2397
238
2011
274
2 059
"231
2 056
212
1 884
308
1 915
206
1 618
345
1 171
201
889
270
178
273
279
112.6
106.7
104.4
103.9
103.9
103.9
104.2
104.7
108.9
110.8
111.6
112.1
110.9
111.1
106.6
68.9
67.4
83.3
2
8
503
2
54.7
8
2
57 36
2
14 76
2
4260
r
6262
7ggo6
7
2629
7
4177
3179
1 1067
5
382
69.1
71.8
77.9
82.8
79.1
79.1
76.2
77.7
79.1
55.7
60.1
59.3
5
55 57
5
16 06
5
2
49 30
2
681
^4249
r
"71 46
74654
7
1671
7
2983
41 33
1 4692
346
60.8
263
91 2
1497
4654
1671
2983
256
907
291
998
"323
(12)
1339
"3325
" 12 44
"2081
3 59
1438
18 99
47 76
4
11 23
266
4
399
3 28
249
379
22.71
5200
2237
29.63
371
39 51
428
13.46
250
S-22
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
» T .,
units
1987
December 1989
1989
1988
Annual
Oct.
1988
Nov.
Jan.
Dec.
Feb.
Apr.
Mar.
May
Aug.
July
June
Nov.
Oct.
Sept.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS-Continued
Wheat— Continued
Producer Price Indexes:
Hard red winter, No. 1, ord. protein (K.C.)
2
90.8
1982=100..
70.6
Hard red spring, No. 1, ord. protein (Minn.)
2
93.1
1982=100..
68.8
Wheat flour:
Production:
Flour
thous sacks (100 Ib )
341 565 344 154
Millfeed
thous. sh tons
6163
6260
Grindings of wheat
thous. bu.. 767,384 769,699
Stocks held by mills, end of period
thous sacks (100 Ib )
4800
5858
Exports....
thous met tons 1 196 00 96080
Producer Price Index
6/83=100 ..
102.0
89.7
105.3
103.6
105.2
110.1
108.0
114.6
108.3
115.0
111.2
107.3
106.6
105.2
105.6
107.7
106.2
102.7
103.3
111.5
108.9
113.4
109.4
114.6
107.5
106.1
106.9
106.1
106.2
105.0
31 340
555
69,983
31 135
563
69,662
28450
554
63,833
29084
518
64,991
27 109
479
60,789
26963
480
60,387
27 186
482
60,659
28 607
505
64,739
26 644
480
59,645
26 598
497
61,268
32 334
589
74,073
r
29r790
533
''68,045
31 841
561
71,916
10940
110.5
6560
109.0
4 800
13570
109.1
6
8170
110.7
12932
110.0
4423
13488
112.4
12848
109.5
10344
112.0
5253
1778
112.7
3574
l!2.1
114.51
110.2
5,593
177.08
109.2
66.25
108.3
1,950
r
108.6
POULTRY AND EGGS
Poultry:
Slaughter
mil Ib
Stocks, cold storage (frozen), end of period,
total
.
mil Ib
Turkeys ...
.
do
Price, in Georgia producing area,
live broilers
$ per Ib..
Eggs:
Production on farms
mil cases §
Stocks, cold storage, end of period:
Shell
.thous cases §
Frozen
..
mil Ib
Price, wholesale, large (delivered; Chicago)
$ per doz..
19886
20520
1826
1672
1607
1694
1574
1830
1653
1951
1959
1777
2089
1,862
501
266
451
250
781
583
510
304
451
250
462
263
455
263
458
269
488
299
552
356
657
455
686
497
769
569
781
574
.265
.315
.335
.330
.335
.340
.330
.330
.375
.440
.410
.375
.355
.355
.290
1932
1930
162
158
162
159
144
160
154
158
152
156
15.5
15.1
15.7
43
17
9
20
24
20
26
18
9
20
12
20
7
19
16
15
18
15
26
16
27
15
12
16
17
15
23
14
6
16
.579
.583
.631
.622
.661
.678
.666
.910
.716
.698
.720
.718
.796
.772
.794
2679
34468
2411
34048
197
2871
202
2698
203
2685
196
2711
175
2500
194
2744
152
2,576
157
2,947
161
2,951
169
2,730
189
2,975
173
2,706
191
2,876
.290
.891
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves...
thous animals
Cattle .
do
Prices, wholesale:
Beef steers (Omaha)
$ per 100 Ib ..
Steers, stocker and feeder
(Kansas City)
do
Calves, vealers (So St Paul)
dollars $
Hogs:
Prices:
Wholesale, average, all weights (Sioux City)
$ per 100 Ib ..
Hog-corn price ratio (bu. of corn equal in
value to 100 Ib. live hog)
Sheep and lambs:
Price, wholesale, lambs, average (Omaha)
$per 100 Ib..
MEATS
Total meats (excluding lard):
Production
mil Ib
Exports (meats and meat preparations)
Imports (meats and meat preparations)
Beef and veal:
6460
69.58
69.13
7007
71.21
72.35
72.92
75.81
75.31
74.52
71.71
70.74
71.09
68.44
69.69
72.48
71 32
7892
8050
4
227 67
8299
21375
8131
23088
8099
22563
8202
23025
8291
22506
8098
25750
7858
26625
7825
26005
7908
25844
81.64
246.88
84.54
263.00
83.56
258.75
81.24
244.38
82.65
242.90
78 913
85 516
7 887
7 908
7 703
7 116
6 619
7 569
7 199
7 277
6881
6 131
7 392
7 493
7823
47.11
43.25
38.92
36.52
40.58
41.64
41.11
39.88
37.22
42.40
46.24
47.26
47.04
44.58
47.49
47.21
336
19.9
15.0
14.4
157
15.7
15.7
15.2
14.4
16.1
17.9
18.6
20.2
19.1
-20.9
19.7
5 042
5 122
437
418
447
418
415
505
393
435
423
398
476
440
468
75.77
60.71
60.44
61.90
64.75
66.25
66.83
69.50
74.50
73.75
68.56
65.73
63.31
56.67
58.33
38442
623
39763
716
3 511
664
3399
701
3 358
716
3 265
745
3003
?
762
3 326
749
3 130
767
3396
735
3342
686
3,047
654
3,482
579
3,317
559
3,524
535
102
103
105
915
do
Stocks, cold storage, end of period
do ....
Exports
thous. met. tons ..
Imports
do
Price, wholesale, beef, fresh steer carcasses,
choice (600-700 Ibs.)
(Central U.S.)
$ per Ib
Lamb and mutton:
Production, total
mil Ib
Stocks, cold storage end of period
do
Pork (excluding lard):
Production, total
do
Exports
.
thous met tons
Imports
do
Prices:
Producer Price Index, Hams, smoked
1982—100
Fresh loins, 8-14 Ib. average,
wholesale ( N Y )
$ per Ib
1 250
23 821
293
394
725
972
1 081
1 263
23 811
323
443
753
1 031
310
8
329
g
14312
285
70
461
15623
358
147
439
91
108
105
110
119
116
117
101
121
86
96
91
98
94
91
95
74
87
1 904
323
40
34
1 928
322
6
36
6
72
1 772
321
37
50
1 920
305
49
56
1 784
280
45
53
2027
251
47
60
2051
248
55
56
1 916
255
57
59
2120
248
53
59
1,940
237
44
45
2,072
227
54
54
1 062
1 073
1 080
1 124
1 138
1 126
1.064
1.049
1.043
74
2 041
300
45
48
1 909
305
46
50
1 044
1 047
28
6
27
6
29
6
27
7
1 310
381
6
11
6
36
1 443
321
15
34
1463
361
15
32
1 425
358
14
34
1042
2
962
984
99 1
100 2
(5)
1 265
1 188
1 071
996
1 132
(5)
87
137
31 0
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans, imports
(including shells)
thous met tons
2367
2626
Coffee:
Imports, total
metric tons 1 194 360 920 040
From Brazil
do
235 680 252 780
U S Import Price Index t
1985—100
910
816
Fish:
Stocks, cold storage, end of period
mil. Ib.
394
411
See footnotes at end of tables.
84
114
89
88
6
6
76320
38 520
71 700
12 180
61 620
14400
90 1
407
393
394
6
27
6
33
7
26
6
28
7
26
8
25
8
1204
397
10
31
1373
394
11
34
1,321
438
12
33
1,341
431
13
33
1,266
383
13
32
1,107
347
13
25
1.021
1.031
29
8
28
7
30
8
1,333
281
12
30
1,349
280
12
24
1,421
272
17
26
140
204
240
304
289
24 6
184
18 1
234
070
24 616
77714
20282
82072
24413
89 5
83874
31128
77223
12 053
71 164
14530
86 5
99368
18678
119 698
19,526
392
353
330
330
357
374
386
428
44 ?
6
98
6
117,088 130,799
20,969 32,745
53 1
444
428
55.03
1.070
S-23
SURVEY OF CURRENT BUSINESS
December 1989
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
Annual
IT ..
Units
1987
1989
1988
1988
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO—Cont.
MISCELLANEOUS FOOD PRODUCTS— Cont.
Sugar:
Exports raw and refined
metric tons
Imports, raw and refined
thous met tons
Producer Price Indexes:
Raw (cane)
1982—100
Refined
:
do
Tea imports
metric tons
560 592 877 365
1213
1 157
1103
1064
77 390
TOBACCO
Leaf:
7
Production (crop estimate)
mil Ib
1 191
Stocks, dealers' and manufacturers',
end of period
do
4480
Exports, incl. scrap and stems
metric tons- 193,178
Imports, incl. scrap and stems
do .. 222,197
Manufactured products:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
millions
111 199
Taxable
..
do
577 008
Cigars (large), taxable
do
2676
Exports, cigarettes
do .... 100,246
1119
4
108 9
90 143
38223
164
1107
1123
5642
16816 615 552
134
90
1102
1122
6792
5
1120
1137
7959
24 230
5
104
36 168
112
27 170
152
27337
84
22806
126
33808
149
18350
181
45586
226
50385
106
51 657
97
111 0
1158
6 610
111 9
1158
5966
1123
1160
8290
1123
1158
7 170
1138
1169
7 193
1154
117.6
7 124
1183
1196
7 394
1183
118.5
6790
1190
121.1
7070
117.8
120.6
7634
5
6
2
1 370
4020
216,481
196,429
14,806
16,088
20,886
12,218
4020
20,588
5,248
132 953
543 378
2430
118,499
11338
46871
208
10,501
15585
56264
200
10,214
12158
39548
189
11,146
5
5
118.2
119.8
1466
14,701
16,202
3514
11,696
11,032
6,990
20,427
10,684
18,418
17,729
11,553
18,025
15,234
25,916
14,603
25,393
11,507
3825
22,177
12,411
10947
46915
164
5
8,661
11702
41 936
164
2,187
11419
51 723
209
1,731
9502
44351
174
9,129
12800
52858
241
1,248
13027
51549
246
1,701
11668
26757
158
772
14396
47156
220
3,046
2,220
2,672
172.3
174.0
174.4
130.9
118.2
109.2
130.8
117.8
109.4
19,356
19,382
LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather
Producer Price Index, leather
thous sq ft
1982=100 ..
194 152 215 358
140.9 4 167.5
22556
170.7
15835
166.0
22519
164.9
166.6
169.4
170.2
168.2
166.7
168.0
171.4
171.2
230 046 235 141
21 218
21280
17623
18070
18455
19590
16606
18725
17506
13,691
19156
165 184 162 507
50281 55 181
14 581 17 453
3410
3341
14713 18394
14406
4948
1? 864
261
1483
13598 12324
3 275
5*879
1 803 2024
269
212
1652
1438
12428
4752
885
253
(3)
(3)
(3)
(3)
5241
260
281
271
267
11 538
5*256
712
266
9 183
3889
619
240
12402
5924
830
329
125.2
1142
109.5
125.8
1149
110.0
126.0
1149
110.0
125.1
1153
109.8
125.0
1148
109.9
125.0
114.5
110.3
125.3
115.3
109.3
129.0
118.4
109.1
130.6
118.1
110.0
LEATHER MANUFACTURES
Footwear:
Production, total <}
thous pairs
Shoes, sandals, and play shoes,
except athletic
thous pairs
Slippers.
.
do
Athletic
do
Other footwear
do
Exports
do
Producer Price Indexes:
Men's leather upper, dress and casual
1982=100..
Women's leather upper
do ..
Women's plastic upper
do....
111.4
1072
104.9
•121.3
1125
107.5
123.1
1135
105.9
123.5
1140
108.4
124.6
1140
109.4
(3)
5783
(3)
4335
(S)
5 135
(3)
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
thous m 3
249 395 2 49 576
2
11 160 2 11 446
2
38 235 2 38 130
2
49 761 22 49 134
2
11 460 11 163
2
38 301 237*971
4040
778
3 262
3871
737
3 134
3715
747
2968
3 656
716
2940
3641
690
2951
3649
'665
2984
3849
768
3081
3 914
781
3 133
3311
713
2598
3 417
743
2674
3758
687
3 071
3 877
826
3 051
3773
829
2944
3846
874
2972
4025
864
3161
4 163
937
3226
4273
799
3474
4420
891
3529
3677
671
3006
3754
752
3002
4818
4837
4810
4740
4746
4748
5 036
5 ggg
5405
5432
5301
4 205
6479
5 146
762
565
778
780
754
144
11
134
800
540
806
825
735
245
33
213
853
583
815
810
740
200
28
172
850
527
949
906
783
162.4
161.3
158.1
6 183
1,412
4840
4999
4951
4979
4999
4896
35912
33 547
2872
2695
2 190
5Q 026
848
611
897
859
883
196
26
170
694
548
782
757
908
184
33
151
956
636
836
868
876
201
24
177
926
694
834
868
842
5
206
5
50
5
156
607
617
621
684
779
196
23
173
877
659
797
835
741
227
28
199
737
626
759
770
730
267
29
239
741
592
793
775
748
186
22
163
931
583
948
940
756
211
24
187
140.5
138.7
133.6
135.9
140.7
142.0
154.3
159.9
163.0
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
thous. m3..
Sawed timber
do
Boards planks scantlings etc
do
Producer Price Index, Douglas fir, dressed
1982=100..
See footnotes at end of tables.
10,325 10,031
636
548
10 354 10 029
10445
9943
790
876
1,614
2,202
342
326
1 288 1 860
125.1
135.7
167.1
138.0
S-24
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
„ .,
December 1989
1988
Annual
1989
unus
1988
1987
Nov.
Oct.
Jan.
Dec.
Mar.
Feb.
Apr.
June
May
Oct.
Sept.
Aug.
July
Nov.
LUMBER AND PRODUCTS—Continued
SOFTWOODS-Continued
Southern pine:
Orders, new
mil. bd. ft.. '12,614 '12,597
Orders, unfilled, end of period
do....
837
834
Production
do
'12,473
'12,676
1
Shipments
do
12,487 '12,600
Stocks (gross), mill and concentration yards,
end of period
mil. bd. ft ..
2,072
1,996
Exports, total sawmill products
cu. meters- 621,072 1,237,638
Producer Price Index, southern pine,
dressed
1982-100
112.4
114.1
Western pine:
Orders, new
mil. bd. ft.. 11,427
11,426
524
Orders, unfilled, end of period
do....
537
Production
do .... 11,407
11,395
Shipments
...do
11,354
11,413
Stocks (gross) mill end of period
do
1,365
1,347
Producer Price Index, other softwood,
dressed
1982=100..
120.1
119.0
1,133
772
1,089
1,078
1,151
852
1,028
1,069
913
834
971
933
2,072
2,028
2,068
124,101 161,903 171,664
4
1,067
756
1,067
1,099
869
756
945
917
974
733
1,047
995
1,107
775
1,064
1,064
1,236
797
1,123
1,213
1,176
775
1,153
1,199
942
715
982
1,002
2,036
108,674
2,062
109,939
2,113
109,762
2,114
124,827
2,025
92,824
1,984
68,080
1,962
86,351
126,304
58,860
102.9
108.5
109.5
110.0
109.7
107.9
106.1
104.5
108.8
113.1
107.3
105.5
112.1
962
519
1,026
948
1,323
853
485
927
887
1,363
994
537
926
942
1,347
1,027
627
926
937
1,336
754
533
815
848
1,303
1,035
591
993
977
1,319
847
542
884
896
1,307
904
546
915
900
1,322
1,058
581
1,023
1,023
1,322
888
558
934
911
1,345
984
541
1,017
1,001
1,361
938
533
915
946
1,330
999
535
1,042
997
1,375
118.0
117.3
116.5
118.4
122.2
124.5
128.5
131.7
131.2
'130.6
129.3
127.3
127.1
10.3
16.3
10.9
10.2
14.9
11.3
8.9
15.3
10.9
9.6
16.1
10.6
12.2
14.5
12.0
14.1
21.0
10.4
15.0
16.8
9.8
15.1
17.5
10.5
15.6
18.9
11.0
12.8
14.6
8.9
11.9
19.1
9.8
10.6
19.0
8.8
10.7
16.8
7.8
334
785
1
355
1 126
1
403
1 260
303
1 101
1
461
1233
1
364
754
2
1400
70
39
HARDWOOD FLOORING
Oak:
Orders, unfilled, end of period
Shipments..
.
Stocks (gross), mill, end of period
mil. bd. ft ..
do
do....
11.0
173.8
8.7
8.9
193.0
10.9
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous sh tons
Scrap
do
Pig iron
do
Imports:
Steel mill products
do
Scrap
do
Pig iron
do
Iron and Steel Scrap
Production
thous sh tons
Receipts, net
do...
Consumption
do
Stocks, end of period
do
Composite price, No. 1 heavy melting scrap:
American Metal Market *
$ per long ton
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous met. tons
Shipments from mines
do
Imports
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel
plants..
do
Exports (domestic) .
do
Stocks total end of period
do
At mines
do
At furnace yards
do
At U.S. docks
do
Manganese (manganese content),
general imports
do
Pig Iron and Iron Products
Pig iron:
Production (including production of
ferroalloys)
thous sh tons
Consumption
do
Stocks, end of period
do
Castings, gray and ductile iron:
Shipments, total
thous sh tons
For sale
do
Castings, malleable iron:
Shipments, total
do
For sale ..
do
See footnotes at end of tables.
1 129
10367
50
2069
10098
71
244
579
2
243
806
1
437
964
1
257
1 887
237
768
606
1 106
(3)
(3)
(3)
20414 ' 20 891
843
1038
355
700
1 553
94
99
1846
124
74
1 420
77
16
1 784
129
18
1 336
' 91
36
1 216
78
11
1 341
138
93
1 472
101
55
1 549
114
33
1 458
72
45
1531
74
40
24730 '27601
46,105 '49,946
69615 '76904
4821
4552
2353
4390
6606
4779
2294
4,085
6336
4828
2221
3743
6044
4552
2275
4,032
6563
4634
2 182
4092
6189
4724
2324
4,360
6699
4736
2258
4,175
6557
4725
2297
4,086
6526
4572
2 176
4,019
6216
4 623
1 871
3,545
5647
4456
2007
3,638
5815
4439
110 81
109 17
10728
11390
116 07
11252
11220
11309
111 67
10733
8576
10898
47566
47900
16867
'57347
'56694
20 126
4910
5550
1 432
4705
4890
1 442
54390
4793
5
25155
5658
814
1 811
59 534
'73216
6 673
6 348
7 166
6010
573
22 855
4356
16*175
2325
5696
484
23 212
4 171
16886
2155
5965
798
23 490
3296
18004
2 190
78
112
119
4646
4766
242
4455
4611
236
4712
4874
206
4964
5203
268
61048 '71 863
6219
5*286
21 279 23 490
2297
3296
16565 18004
2056
2 190
814
1 128
'48410 ' 55 745
'50030 ' 59 047
281
207
10486
10262
4228
1 158
1 384
4841
1 817
1 249
4426
5418
1 599
5325
6243
2284
5195
6495
2 176
5357
6,289
2032
4,876
6,220
1 921
4,776
5,437
3 295
3 903
5996
7331
6850
7 178
7342
6699
5981
65 687
2
344
5
23 189 23 252
5
6 029
9*099
5
15 435 12*749
5
1 725 1404
6662
3
6230
605
21 670
10213
10396
1061
6216
780
21 544
8949
11 002
1593
6045
393
22286
8008
12239
2,039
5737
592
22275
6,664
13,844
1,767
5,764
22 685
12 123
9991
*571
6677
606
21 145
11 131
9310
704
4654
4882
*281
5 112
5348
264
4990
5063
269
4917
5012
278
4707
4792
264
4604
4392
247
4172
4910
244
4403
r
639
r
578
428
54 ig2
5
22588
6,004
14,780
1,804
(5)
r
8606
6002
8514
5*717
805
516
701
500
605
412
682
448
623
437
714
452
696
485
743
542
649
468
512
396
318
168
364
192
31
15
23
10
28
14
28
13
25
13
30
14
24
11
27
12
25
11
16
7
475
r
26
13
25
12
4692
105.4
124.4
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-25
SURVEY OF CURRENT BUSINESS
December 1989
Annual
.,
¥T
Unit8
1987
1989
1988
1988
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
Aug.
July
Sept.
Oct.
METALS AND MANUFACTURES—Continued
Steel, Raw and Semifinished
Steel (raw):
Production
thous sh tons
Rate of capability utilization
percent..
Steel castings:
Shipments, total
thous sh tons
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-drawn and/or rolled
do
Tin mill products
do
Sheets and strip (including electrical),
total
do
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
Producing steel mills, inventory, end of period:
Total
mil sh tons
Steel in process
do
Finished steel
do
Steel service centers (warehouses), inventory,
end of period
mil sh tons
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. met. tons ..
Recovery from scrap
do
Imports:
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,
monthly average
$ 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:
Mine, recoverable copper
thous. met tons
Refined from primary materials
do
Electrolytically refined:
From domestic ores @
do
From foreign ores
do
Electrowon
do
Refined from scrap
.
do
Imports, unmanufactured:
Refined, unrefined,
scrap (copper cont )
do
Refined
do
Exports:
Refined and scrap
do
Refined
do
Consumption, refined
(reported by mills, etc.)
do
Stocks, refined, end of period
do
Price, avg. U.S. producer cathode, delivered §
$ per Ib
See footnotes at end of tables.
'89 151
79.5
1
99 924
89.2
1 013
997
830
797
76654
'5456
1
83 840
1
5 975
5120 '5209
'7328
4048
'615
515
1 13 575 1 14 489
7238
'4918
1361
3,570
1 105
3988
'7834
'5092
1499
4,443
1 073
4069
39279
13048
13,859
40639
12589
13,871
4
7,790
79.2
7617
80.0
84
83
r
!01
101
90
88
7331
6387
7,224
6,779
532
458
505
474
623
59
459
645
51
392
601
46
1 236
1 168
1 109
433
661
39
1263
678
425
127
354
95
363
614
427
121
370
95
372
561
442
101
324
80
328
632
508
118
388
83
366
625
466
110
333
76
346
3701
1096
1,301
3,638
1,083
1,270
3,047
918
1,066
3,485
1,093
1,163
3,282
997
1,104
1,552
2
595
2
256
2
936
2
95
2
185
1,434
579
243
891
75
169
2
399
3,206
377
3,011
7 883
85.8
7954
83.8
8729
88.2
8022
89.8
8997
90.9
8738
92.2
8633
88.1
8171
86.2
94
93
92
91
95
94
94
93
87
86
112
110
101
100
111
101
110
100
6912
6712
6738
7278
6832
7824
7164
7446
490
453
468
550
507
535
520
541
422
577
39
1 203
411
543
42
1 185
508
367
36
1 121
504
601
44
1 326
451
570
49
1 177
494
661
60
1 294
470
629
53
1 205
657
424
116
321
92
323
664
404
111
291
83
321
593
418
105
302
67
489
736
443
142
302
87
288
626
421
125
280
86
278
689
461
137
362
97
356
667
407
125
322
97
323
3445
1032
1,159
3384
1,042
1,129
3360
1099
1,072
3577
1,025
1,217
3433
1,087
1,137
3,965
1,265
1,326
3544
1090
1,192
4197
1398
681
3046
270
601
' 18 629 18980
6014
5619
2,815
2,701
'11 135 12078
1 116
734
2,537
2,096
1
7955
80.8
8332
87.7
4,720
1,595
673
3235
296
617
2
740
3020
306
575
1,016
9,704
1163
8944
4423
4371
31 337 '36011
4,817
1,749
1,139
9,635
1,499
2
573
2
239
2
676
2
2
2
93
154
2
2
367
2,786
2
462
457
585
32
1 206
113
67
46
131
79
52
130
78
52
131
78
53
131
79
52
131
79
52
131
78
53
130
77
53
134
79
55
133
78
55
132
78
54
136
80
56
133
r
79
r
5.4
132
78
54
64
65
67
66
65
66
67
68
69
70
71
72
70
70
3,343
'1986
3,944
'2 122
339
177
332
163
344
156
346
167
312
157
347
182
334
174
347
176
335
177
346
161
341
159
323
153
1 250 14 1
030 6
44103 4 388 5
4
81 9
4
4
820
4
4559
4
269
3994
3
356
786
24 4
833
31 6
924
309
755
304
739
320
71 8
273
919
330
4
2811
4
4
4001
4
4
257
4
310
'475
4
240
4
51 3
4
3
348
3
41 8
358
402
431
333
357
341
604
446
374
462
35.1
52.0
41.6
7230
1 1009
1 0472
1 0735
1 1000
1 0772
9578
9638
9780
8766
8040
8137
7830
15584
12234
7 379
2220
15453
12273
7 384
2325
1293
1 029
'604
210
1 322
979
577
209
1 155
911
566
178
1C 266
996
681
231
1343
l 100
1399
1 116
702
229
696
206
1251
1 019
641
135
1,386
1
103
r
691
196
1,330
1 018
628
193
4 175
4 151
4 134
4 119
4 151
4 189
4 163
4 160
4246
4262
4275
4474
r
4325
4182
12559 '14196
1 146 1 ' 1 406 0
1238
1203
121 1
1233
1248
1239
1264
121 o
1207
114 i
1338
1253
125 1
1154
1271
1303
1213
1253
122.0
1200
127.0
1280
119.5
1219
'988 1 ' 1 178 0
989
1023
1022
994
943
1024
923
1058
1022
970
1033
994
* 15S 6
4147
2280
'4533
21 4
370
21 0
37 5
21 7
402
21 6
374
198
408
229
470
23 1
40 1
24 5
23 1
428
230
379
247
r
432
225
438
6573
5156
626 1
3904
62 1
442
594
392
44 0
202
3
408
3
330
248
250
187
359
209
359
327
24 1
326
259
282
209
534
24.4
4548
179
7077
665
486
23
561
40
545
45
3
325
3
62
410
48
413
59
566
135
242
43
465
66
71.1
21 4
67.4
158
'2152
113
'2210
98
194
81
190
81
177
98
188
97
173
101
183
103
178
101
196
106
195
100
158
105
195
r
96
194
90
8250
12051
13805
15232
16127
15777
1 4021
1 4849
1 4349
1 2715
11590
1 1349
12743
13844
2581
342 5
297
285
31 5
207
c
lC232
996
630
220
c
l
c
419
l 184
774
234
c
l
c
246
l 046
657
218
c
417
8,175
83.0
.7976
Nov.
S-26
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
SURVEY OF CURRENT BUSINESS
IT
.,
1987
December 1989
1989
1988
Annual
1988
Nov.
Oct.
Jan.
Dec.
Feb.
Apr.
Mar.
May
Aug.
July
June
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
2624
Copper wire mill products
(copper content)
do .
1,922
Brass and bronze foundry products
do ....
528
Lead:
Production:
Mine, recoverable lead
thous. met. tons..
'3850
3113
1
Recovered from scrap (lead cont.)
do....
'710.2
737.0
Imports, ore (lead content)
do
2566
2403
Consumption, total
do
12304 1 2307
Stocks, end of period:
Producers', ore, base bullion, and in process
592
(lead content), ABMS
thous. met tons
669
Refiners' (primary), refined and antimonial
154
21 6
(lead content)
thous met tons
Consumers' (lead content) 0
do
67 6
886
Scrap (lead-base, purchased), all smelters
(gross weight)
thous met tons..
199
240
Price common grade delivered @ @
$ per Ib
3714
3594
Tin:
Imports (for consumption):
Ore (tin content)
metric tons ..
2837
2,967
41 151
Metal unwrought unalloyed
do
43493
1 16 159 1 15 088
Recovery from scrap total (tin cont )
do
1
As metal
do
578
'1353
1
Consumption, total
do
44 219 1 45 073
1
Primary
do
35 620 1 37 008
Exports (metal)
do ..
1,701
1,573
Stocks, pig (industrial), end of
4428
period
do
4943
Price, Straits quality (delivered)
$ per Ib
44142
41878
Zinc:
Mine prod recoverable zinc
thous met tons
'2443
'2163
Imports:
4255
Ores (zinc content)
do
4057
Metal (slab, blocks)
do
7059
7408
Consumption (recoverable zinc content):
2
25
Ores .
do
24
1
Scrap all types
do
'2539
269 3
Slab zinc:
Production, total $
thous. met. tons ..
1944
2205
1 1 052 0 1 1 089 0
Consumption fabricators
do
5
11
Exports
do
Stocks, end of period:
Producers', at smelter (ABMS)
do....
5.6
7.0
Consumers'
do
57 1
648
Price, high grade
$ per Ib
4192
6020
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic) net qtrly #
mil $
Electric processing heating equipment
do ...
Fuel-fired processing heating equip
do....
Materials handling equipment, dollar value
bookings index *
1982-100
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
1985—100
Pneumatic products
do
Machine tools:
Metal cutting type tools:
Orders, new (net) total
mil $
Domestic
do
Shipments total
do
Domestic..
do
Order backlog, end of period
do
Metal forming type tools:
Orders, new (net) total
do
Domestic
....
do
Shipments, total
do
Domestic
do
Order backlog, end of period
do
See footnotes at end of tables.
310
586
86
983
344
675
332
338
361
64.1
65.3
66.3
33.2
61.6
73
101 2
65
992
98
104
1013
1016
90
952
601
552
578
549
636
673
732
260
684
330
37 5
683
297
665
290
650
31 4
68 1
39 1
72 1
199
177
168
173
153
132
143
4138
4202
4017
3701
3507
3502
3634
3915
4328
3 695
33 614
2 114
2839
2490
598
11
649
47
686
627
47
2610
561
4900
3800
4700
3700
4300
3300
4500
3400
344
311
61.8
61.6
213
235
1106
1034
19 1
95 1
708
687
669
106
594
11 9
607
154
676
218
196
3915
443
4372
'821
96
703
96
5600
4500
4900
3800
130
3
17 2
1047
(3)
r
38.6
65.9
34.3
64.3
113
1027
105.6
778
73.7
659
r
27 9
636
275
639
160
173
4029
4175
17.3
4363
83.0
149
2372
2833
650
621
47
526
4018
r
642
590
4500
3400
4100
3100
4,000
2900
4200
3200
4200
3100
197
94
45
4800
3700
3
62
162
204
41
47
98
25
4371
45462
4781
45767
4943
46029
4242
46435
3894
49165
4320
54309
3717
64213
4945
62118
4912
60796
5597
56910
199
19 9
193
222
208
229
224
234
243
208
3
3
3747
526
22
609
15
581
31
621
84
705
9
460
48
581
2
220
2
220
2
206
2
20 6
2
206
2
206
206
168
18.6
1012
16.8
17.8
950
4.8
481
8132
3.8
469
8108
.7995
11
308
639
32 3
642
279
474
2
220
2
220
2
220
2
220
220
147
178
900
3
81 4
2
176
960
81 6
4
177
970
1
82 1
2
9
761
6
5.0
505
7927
4.0
542
8770
3.3
504
9371
3.8
483
8852
4.1
488
8464
3.6
502
8059
3.9
51 8
7967
159
97 5
1
6.3
470
6945
176
87 2
88 1
(2)
(2)
5.4
488
7125
5.6
648
7344
1
368 3
390 2
1
171 1
1655
2071
2134
2736
2378
1287
138 2
141 0
149 1
1640
170 1
166 6
1722
107
105
129
120
549
333
621
318
597
163
r
253
12
r
6277
49357
231
4.0
256
241
378
462
16.2
5872
51789
1100
107 2
104 7
14 6
627
161
71
r
41.3
2526
1818
1609
2210
1715
1698
1805
142 7
146 5
156 6
159 0
156 4
153 0
147 3
1420
141 3
147 i
1579
1643
166 7
167 6
177 2
1757
175 6
1963
193 1
183 2
1755
197 5
1928
1750
1742
1748
1760
177 6
1783
179 5
180 1
181 0
182 1
1828
1831
184.3
184.9
134
125
125
118
132
114
140
130
141
128
158
150
151
129
150
148
148
144
130
123
147
141
r
!40
r
!26
143
135
1 451 45 2 707 90
21540
1 294 45 231575
19925
1 676 50 1 574 55 14590
1 498 85 1 400 10 12335
6722 1 8055 1751 0
18835
164 60
170 80
15670
17685
167 00
24640
14540
191 50
10285
209 35
8950
18640
1 805 5 18697
21495
191 30
151 25
13390
1 9334
22060
20020
22745
207 25
1 9266
15280
13850
18405
16835
18953
147 90
13810
15840
14540
18848
15885
12305
23570
19995
18080
13320
11200
17560
15545
1,765.6
15625
12070
16990
14720
1,751.9
19245
174.50
22850
18875
1,715.8
144.90
135.70
18355
161.95
1,677.2
6385
56 60
4935
4220
4002
67 00
5705
7755
6640
3896
6990
5820
7920
6700
3804
8975
7640
65 50
5880
4046
57 35
49 85
8235
7410
3796
8185
7285
9185
7010
3696
5755
4335
6210
5055
3650
7085
7045
5590
4975
380.0
11015
10500
5350
4445
436.6
60.10
47.05
68.00
58.80
428.8
667 35
53605
64715
53790
3273
88295
74935
824 55
70220
3857
4685
4000
6625
5530
3950
9065
6625
8675
80 15
3988
7005
6020
83 20
6430
3857
16.2
3.3
S-27
SURVEY OF CURRENT BUSINESS
December 1989
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
...t
Lmts
1987
1989
1988
Annual
1988
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
METALS AND MANUFACTURES—Continued
MACHINERY AND
EQUIPMENT-Continued
Tractors used in construction, shipments, qtrly:
r
Tracklaying (ex. shovel loaders)
units
9570
r
mil $
9759
r
Wheel (contractors' off-highway)
units
4701
r
371.3
mil. $ ..
r
Shovel loaders
units
60 468
mil $
1 777 7
ELECTRICAL EQUIPMENT
Batteries (auto. -type replacement),
shipments
thous
Radio sets production total market $$
thous
Television sets (incl. combination models),
production, total market $$ .
thous
Household major appliances, industry
shipments #
l...thous..
Air conditioners (room)
do
Dishwashers
do
Disposers (food waste)
do....
Microwave ovens/ranges
do....
Ranges
do
Refrigerators
do
Freezers
do
Washers.
do
Dryers, including gas
do
Vacuum cleaners (qtrly.)
do.
GAS EQUIPMENT (RESIDENTIAL)
Furnaces, warm air, shipments
thous
Ranges, total, shipments
do
Water heaters (storage), automatic,
shipments
do....
3
63487
23623
59878
28 110
23497
49,981
3798
4032
4,439
12,610
3346
6972
1 260
5998
4,637
10,417
2,073
2 143
3,951
3
r
2863
r
3323
2779
1 172
95.6
14544
5258
12 117
1 1671
5110
416.1
61 938
20921
6463
2670
6041
2834
6245
1 940
3075
3373
1260
103.8
16376
6020
3060
1165
r
927
15
303
r
5621
4674
1 688
4 203
1 518
4754
1 752
4 172
1 927
4 656
1 985
4982
2 140
4827
2 169
6295
2712
6357
2454
6685
20 170
1 953
1 838
2329
1649
1 846
2254
2018
1 994
2431
1 461
2071
2520
47,070
3
4 637
3907
4,233
10,988
3
3202
37227
3
1 349
3
6 190
4601
10,652
3,975
129
336
387
1,123
302
625
110
533
413
3,933
126
355
381
1,224
287
537
99
508
401
3,679
215
318
343
1,161
262
467
94
440
363
2,550
3,947
352
326
391
1,054
245
466
93
553
436
3,916
546
293
380
963
225
460
94
510
394
4,444
846
324
414
906
273
564
90
539
385
2,952
3,868
718
275
335
824
226
536
93
457
323
4,326
748
292
336
907
263
686
111
533
374
4,389
718
324
331
788
263
785
116
572
389
2545
3,505
365
257
285
761
218
660
129
437
305
3,832
148
319
363
956
276
687
144
524
377
3,971
170
303
434
1,075
258
627
123
545
410
3,224
3,834
97
338
426
958
275
614
95
582
432
2,092
2 167
252
209
223
203
177
191
178
158
148
156
135
194
132
163
142
182
168
185
186
149
216
191
245
181
200
3,956
381
307
383
337
328
375
354
324
345
303
295
308
273
70
103.1
280
82
103.0
256
110
103.0
211
55
103.1
334
14
103.2
322
72
103.2
373
58
103.5
104.3
81 969 75040 88981 77 233 82486
77101 73012 72550
66355 62538 61830 55837 58261
10 199
9 874 10277
3 562
3716
3 290
443
599
547
146 462 141 366 142 600
135 168 130 641 132 444 138 130 144 417
11 294 10724 10 155
3254
3 511
3382
2
8701
5 659
7 542
8 186
6 106
94.1
94.5
94.1
93.5
93.5
78544
64881
89074
83045
87,657
85,043
8 648
94.8
5577
r
96.1
7 351
96.5
8691
96.4
8370
96.9
97.4
3337
8194
3406
3509
3447
3255
2086
115
1 264
1136
129
1 813
115
1756
100
1642
63
1724
51
196
57.6
3
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production f
thous sh tons
Exports
....
thous met tons
Producer Price Index
1982=100 ..
Bituminous and lignite:
Production t
thous. sh. tons
Consumption, 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 t
do....
Electric power utilities
do
Industrial, total
do
Oven-coke plants
do
Exports excluding lignite..
thous met tons
Producer Price Index
1982=100 ..
3 560
1 071
100.1
1
3 555
817
101.2
915 202
834 337
716,922
111 696
36920
5719
178,485
163 857
14628
3879
70438
97.1
946 711
880 242
756,459
117 730
41 866
6054
151,446
139 583
11 863
3 125
85282
'95.3
28037
37380
32405
39811
388
94
100.9
310
50
102.3
260
87
103.2
80853 82973 80324
70009 69742 77792
59446 59192 66,775
10207 10076 10255
3 564
3 399
3 545
762
474
356
151 931 154 919 151 446
140 336 143 190 139 583
11 595 11 729 11 863
3 125
2953
3039
8089
7 476
8072
94.6
95.5
94.6
281
2
59
103.3
282
11
103.3
337
50
103.5
339
COKE
Production:
Beehive and oven (byproduct)
Petroleum coke §
Stocks, end of period:
Oven-coke plants, total
At furnace plants
At merchant plants
Petroleum coke ft
thous. sh. tons ..
do
do
do
do....
do
PETROLEUM AND PRODUCTS
Crude petroleum:
Producer Price Index
1982—100
Gross input to crude oil distillation
units f"j" .
mil bbl
Refinery operating ratio "ft
% of capacity
All oils, supply, demand, and stocks: tt
New supply, total ^
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.
1064
846
218
1 350
590
1 583
1420
163
1 558
1 Oil
3 281
1 612
41
3 347
8251
3462
1 657
131
1 583
1420
163
1 558
167
3 505
1 588
2
52
2 931
8006
3 201
1 669
30
1 167
1*052
115
1 655
76
3 200
1 931
60
555
M62
393
392
443
497
503
539
589
59 5
583
599
53.6
56.3
4746 1
83
4 921 6
84
412 4
83
400 6
84
420 2
85
418 8
86
364 3
83
407 9
84
393 9
84
420 4
86
421 6
90
432 6
89
4347
89
4167
88
6089 6
6301 7
5445
5238
5384
5477
4864
517 6
5248
5320
512 1
5400
5465
5115
3047 4
6056
2979 1
6142
2487
53 1
2407
51 8
246 2
527
2453
53 5
219 2
45 9
2359
52 7
2324
51 5
2420
51 9
2298
46 6
2317
506
2353
484
2269
463
18373
5994
149
6,360.8
2021 6
6868
102
6,623.4
183 8
588
20
567.6
167 2
64 1
8
550.0
1723
67 2
340
600.5
1828
66 1
199
556.8
161 1
602
179
521.7
1657
63 9
32 1
581.6
1867
542
26 5
521.0
188 5
497
26 5
535.2
1893
463
147
550.5
2040
537
402
532.6
214.8
480
64
566.3
1955
429
152
518.7
550
2230
567
241 0
52
17 5
44
17 0
40
27 2
42
190
58
185
48
21 6
42
200
41
20 1
73
21 5
21
21 7
50
249
10
187
57.7
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
Annual
,, ..
1987
December 1989
1989
1988
1988
Nov.
Oct.
Jan.
Dec.
Apr.
Mar.
Feb.
July
June
May
Sept.
Aug.
Nov.
Oct.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS t— Continued
All oils, supply, demand, and stocks — Continued
Y Pr
p
man ,
*
6 082 7
2639 1
m .
Kerosene
Distillate fuel oil
Residual fuel oil
Jet fuel
do
do
do
do
Lubricants
Asphalt
do
do
Stocks end of period total
Crude petroleum
do
do
6 325 7
26948
345
352
1 0864
461 5
5055
1 1425
5043
5302
587
566
545 0
2262
27
998
41 6
462
47
180
528 6
2220
35
569 3
2283
533 6
2094
955
451
432
48
1104
1022
544
478
36
70
495
462
43
43
48
44
497 4
199 1
36
955
471
428
43
56
555 1
4968
2308
2154
26
1063
476
458
57
Stock
d
St
k
''"A
H f
4.9
249
1 6077
9028
444
41 8
1 647 9 1 6544
916.2
906.4
575 4
574 4
1.3
87.2
29.1
44.8
4.7
19.5
469
16696
912.2
577 1
8899
8948
8966
8925
9074
559 5
561 5
563 9
566 2
568 0
1383
1458
5616
156 1
1583
1580
1630
1603
1575
1557
158.8
572.9
1548
5501
1562
5773
1458
5616
151 8
5787
5207
530.5
543.8
544.7
584.0
582.5
598.6
2 506 2 2 555 2
1920
191 1
2134
1823
2124
1858
227 2
1920
2156
207 8
1867
2057
2052
1906
2196
1804
2229
191 1
2158
1858
2289
2057
1922
1842
212.9
1880
56.6
59.6
55.1
55.3
57.4
60.6
74.5
.910
.904
.949
.885
.930
.876
.886
.926
.907
.940
1.047
1.065
5795
2
59.5
948
946
91
93
2l
287
84
288
23
73
2
996 6
93 2
1345
1982-100 ..
55.5
mil bbl
3232
do
1982-100 ..
474
mil bbl
do
490 1
957
g
19
25
80
918
571 7
80.1
78.0
1.098
1.119
1.093
1.114
74.7
64.6
67.1
67.3
63.6
1.075
1.092
1.034
1.057
1.007
1.029
1.001
1.027
.975
.999
60.9
64.0
g
19
g
21
g
20
g
22
7
21
g
1.8
9
1.8
9
2.0
9
2.0
10
1.8
10
1.9
30
31
73
3.4
73
2.0
59
2.4
57
2.0
58
1.4
57
2.1
58
1.7
60
1.7
6.5
2.4
7.6
81
51.6
46.9
48.4
50.4
54.6
54.3
55.7
58.3
58.3
55.4
54.7
55.5
58.1
1 046 3
1104
1235
87 6
87 3
95 1
92 2
127
102
123 5
1203
1075
966
99.4
10.4
115.4
885
7.3
1288
852
90
993
843
70
1282
836
90
984
90 1
98
84 1
13 6
882
104
784
90
116.1
42.3
47.2
50.6
54.9
54.0
57.3
61.5
57.5
53.3
52.7
53.4
59.3
64.0
64.4
275
235
440
33 1
294
470
27 2
260
242
460
290
218
424
271
204
402
289
163
426
285
446
264
187
425
41.1
38.8
36.5
40.0
42.1
43.7
43.5
47.3
49.4
15.4
44.8
51.2
26.6
16.9
43.0
49.4
27.9
14.8
44.5
48.5
25.6
12.6
49.5
46.8
48.2
49.2
501 3
42 4
47 1
40 1
46 1
45 8
46 6
44 5
39 4
43 3
38 1
437
437
440
442
387
454
405
438
44.6
47.4
4g
52
139
46
135
53
132
50
130
14.3
105
140
183
32 4
155
306
177
33 1
27 9
21 8
54.1
2
49.5
3387
2359
2
53.1
302
446
499
438
60 9
623
52
50
13 3
12 8
125
50
133
54
143
145
162 1
20 8
157
11 0
18 7
85
20 8
84
25 6
82
102
29 1
32 6
133
158 4
18 8
ao....
58.2
.900
.897
d
(L P G )
At refineries (L R G )
Stocks (at plants and refineries)
4.0
214
5.0
186
425
217.6
558 7
206 1
Liquefied petroleum gases:
Production total
At gas processing plants
92.1
34.2
45.8
4990
8957
do
Asphalt:
rroouCLion
80.3
39.9
44.1
1.3
556 0
mil bbl
Stocks end of Deriod
89.9
35.5
44.6
1.5
8956
1982-100
Jet fuel:
Production
Stocks end of period
Lubricants:
5087
227.7
20
559 5
do
do
Stocks end of period
Producer Price Index
42 0
1 6224
9157
570 4
5365
240.2
521 7
2349
8899
H
Stocks end of Deriod
Producer Price Index (middle
distillate)
Residual fuel oil:
Production
16
917
342
412
5.7
155
540 6
Prices, regular grade (excl. aviation):
Producer Price Index
1982=100 ..
Retail, U.S. city average (BLS):
Leaded
$ per gal..
Unleaded
do
Aviation gasoline:
Kerosene:
Production
Stocks end of period
Producer Price Index (light
distillate)
Distillate fuel oil:
Production
4.6
511 1
2307
8896
do
d of ne ' d
41.2
108
71
12 1
171 2
1703
45 2
56 2
57 1
63 6
62 3
53 5
606 1
54 6
588 3
1 607 5 1 597 2 1 630 4 1 631 3 1 597 2 1 619 5 1 601 6 1 569 5 1 5959
Unfinished oils, natural gasoRefined products
Refined petroleum products:
Gasoline (incl. aviation):
20
892
426
19 0
5.6
7.9
122.2
446
433
48.3
48.6
5.3
14.5
4.8
14.2
18.2
219
do
6382
6652
580
550
56 1
582
502
589
585
603
54.7
57.6
55.4
52.0
do
do
do....
474 5
163 7
97.1
4826
42 1
16 0
119.7
40 9
14 1
113.5
41 5
14 7
97.3
41 8
16 3
87.0
364
41 6
17 3
75.0
406
404
199
356
38.0
36.7
35.0
19 1
105.2
117.7
126.2
8,946
8,498
182 6
97^3
13 9
77.5
17 9
83.8
97.2
196
187
170
126.4
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD
thous cords (128 cu ft )
Receipts
In ento
d of ne'"' d
1
94,312
1
ao....
1
8,440
8,358
7,748
7,837
8,169
4,490
8,112
4,320
8,358
8,348
4,343
8,476
8,548
4,701
7,858
8,040
4,402
8,005
4,861
4,191
4,415
1,526
1,029
1,572
1,008
1,498
988
1,615
1,012
1,555
1,024
1,624
1,024
1,591
1,037
1,579
1,007
1,649
1,053
5,282
5,466
1
95,537
95,497
4,888
8,245
7,908
4,726
7,889
7,887
4,790
8,370
93,946
5,096
17,993
' 18,860
1,029
1,597
1,022
1,565
1,058
8,198
4,888
8,035
WASTE PAPER
1
Inventor^
d of ne ' d
WOODPULP
Production:
Total
Dissolving pulp
Paper grades chemical pulp
Groundwood and thermoSemi-chemical
Inventories, end of period:
Producers' own use
Producers' market
P
d
thous. sh. tons ..
do ....
do....
d
do....
do
,
Dissolving and special alpha
All other
Imports, all grades, total
Dissolving and special alpha
All other
See footnotes at end of tables.
do
do ....
do....
do....
do
902
1
1
5,303
61,161
5,079
4,974
99
4,100
112
127
127
4,423
4,286
5,102
102
4,167
108
4,303
109
4,125
144
4,007
5,193
106
4,209
5,087
1,367
49,493
4,821
102
3,935
5,307
1,312
48,293
4,377
4,322
5,702
4,246
5,943
4,358
513
367
489
365
484
367
520
397
438
346
502
378
512
366
497
356
480
353
510
368
511
361
170
224
529
1
4,727
627
' 4,100
1
4,531
87
'4,444
172
261
622
1
5,160
786
1
4,374
1
4,505
124
1
4,381
161
275
583
382
67
315
396
4
392
170
301
591
381
66
315
386
15
371
172
261
622
519
81
438
285
16
269
178
344
596
M15
3
50
3
365
3
517
3
23
3
494
178
354
608
460
63
397
358
14
345
179
279
592
565
78
487
425
21
404
190
306
596
476
61
415
380
17
363
162
305
628
457
59
398
382
9
373
164
300
588
510
72
438
354
6
348
191
320
573
490
56
434
325
' 7
318
193
353
591
484
74
410
428
19
409
59,552
142
5,399
497
55
442
389
19
371
"""""".'.'".
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-29
SURVEY OF CURRENT BUSINESS
December 1989
Annual
....
1989
1988
Lnlts
1987
1988
Nov.
Oct.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS
Paper and board:
Production (API):
Total
thous sh tons 1 74,318
Paper
do
36,876
Paperboard
do
37,442
Producer Price Indexes:
Paperboard
1982=100 ..
118.1
111.2
Building paper and board
do....
Selected types of paper (API):
Groundwood paper:
1
Orders new
thous sh tons
1,542
Orders, unfilled, end of period
do....
166
Shipments .
do
'1,498
Coated papers:
Orders, new
do .... 1 7,066
Orders, unfilled, end of period
do....
708
6,860
Shipments
do
Uncoated free sheet:
Orders, new
..
do
'11,173
Shipments
do
'11,206
Unbleached kraft papers:
'2,840
Shipments
thous sh tons
Tissue paper production
do
'5,301
Newsprint:
Canada:
Production
thous. metric tons9,669
Shipments from mills
do
9,757
Inventory, end of period
do ....
189
United States:
Production
do
5,300
Shipments from mills
do....
5,310
Inventory, end of period
do....
36
Estimated consumption, all
users 0
do .... 12,322
Publishers' stocks, end of period #
900
thous. metric tons ..
Imports
do
8,142
Producer Price Index,
standard newsprint
1982=100..
112.3
Paper products:
Shipping containers, corrugated and solid
fiber shipments
mil. sq. ft. surf, area.. 297,827
'76,403
38,298
38,105
6,466
3,264
3,203
6,222
3,165
3,056
6,296
3,140
3,155
6,582
3,297
3,285
5,985
2,989
2,996
6,638
3,348
3,290
6,191
3,042
3,150
6,424
3,157
3,266
6,326
3,104
3,222
6,327
3,068
3,259
6,612
3,302
3,311
6,275
3,172
3,103
133.2
113.3
136.4
112.5
136.5
112.7
136.5
113.3
137.7
112.9
138.7
113.8
140.4
114.2
142.3
115.1
142.5
115.5
141.0
115.8
139.5
116.4
140.3
116.1
140.3
116.7
' 1,654
208
' 1,624
145
168
147
113
145
130
177
208
125
140
182
148
127
180
133
163
204
147
134
178
149
154
186
151
149
199
139
151
191
148
166
217
151
176
233
152
'7,412
751
7,359
666
749
625
575
729
606
570
751
573
588
678
633
561
696
550
599
701
604
505
647
544
613
698
580
636
737
580
650
825
572
658
848
651
633
882
611
'11,298
'11,494
937
965
880
943
989
948
931
976
884
912
1,015
1,021
870
923
864
955
916
902
868
867
1,031
968
960
901
'2,800
'5,476
248
476
254
445
258
450
272
466
235
437
264
503
199
451
206
474
229
469
212
458
227
484
210
473
9,969
9,867
291
865
803
364
837
845
356
809
874
291
850
763
378
111
731
425
806
814
418
814
785
446
838
851
434
780
821
412
814
775
451
837
811
477
760
830
'407
847
853
401
5,427
5,415
48
461
461
67
448
456
59
464
475
48
460
437
71
404
412
64
469
462
70
449
442
78
458
462
73
452
452
73
474
472
74
462
469
67
469
470
66
477
477
66
12,336
1,135
988
955
1,002
932
7,794
936
638
829
600
843
537
848
714
898
641
1,037
933
489
-963
934
936
3
782
925
569
1,057
1,052
850
612
889
673
1,044
838
673
1,033
800
127.5
126.6
126.5
126.0
126.6
126.5
123.2
122.0
121.3
122.6
120.1
118.8
27,890
24,876
23,467
26,444
24,086
26,755
26,367
26,734
26,391
24,550
27,709
25,354
28,961
68 38
82 18
7455
8786
8667
8748
6510
8621
6378
1060
8285
8600
7786
72 10
8803
6705
73 13
8340
7042
99.8
207 17
19468
r
299 60
41 27
189 07
170 69
r
300 42
5439
179 59
165 41
r
303 67
5130
17865
16753
30901
4371
18621
17264
31445
4821
18706
15659
32365
5454
19224
22 375
5*770
15221
1 384
42791
1 634
19090
23 022
5806
15896
1320
43580
1 343
14835
19927
3 174
15554
1 198
42596
1 602
18288
23955
4969
17488
1 497
41902
2112
16963 c*
23 151
4947
16913
1 291
39852
1566
r
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous metric tons
77582 85828
Stocks, end of period
do
61 74
7246
Imports, incl. latex and guayule
do
75760 85382
U.S. Import Price Index t
1985-100 .
1157
1477
Synthetic rubber:
Production
thous metric tons 2 184 12 r2 334 72
Consumption
do
2 017 31 r2 016 85
Stocks, end of period
do
22972 r279 28
Exports (Bu. of Census)
do
42940 45998
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment .
Replacement equipment
Exports
Stocks, end of period
Exports (Bu. of Census)
Inner tubes:
Exports (Bu. of Census)
See footnotes at end of tables.
thous
do
do
do
do
do
do
do
'202978 '211 351
255 220 264 811
60758 62932
186 406 189 212
8056 12666
34338 33191
9580 16 149
1518
1712
7539
5843
7743
75 22
61 74
7473
1327
204 32
182 76
260 69
3625
189 86
151 42
r
279 28
32 12
7453
57 92
6931
193 79
168 44
r
261 29
37 18
r
r
19 138 17253
24312 22622
5672
5529
17476 16*103
1 163
'989
34074 33434
1 400 1 322
182
144
16 102
20 635
4934
14708
993
33 191
1 314
132
89 88
71 11
99 31
51 14
67 51
52 16
206 31
191 73
r
288 86
3
4240
181 77
172 98
r
287 74
4566
3
r
18944
21 466
5485
14*576
1 405
35 186
3
1 903
3
243
96 57
77 37
9909
1351
r
206 20
189 42
294 40
5498
r
19670
22 166
5569
15008
1 588
37884 40552
1 373 1 692
18 102
19 613
5348
12886
1*377
122
126
r
143
201
18312
24558
5 130
18 198
1 231
42695
1 295
137
133
181
121
139.7
117.0
1,102
'824
618
127.7
127.6
307,457
1,094
140.0
117.3
118.6
S-30
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
SURVEY OF CURRENT BUSINESS
..
units
Annual
December 1989
1989
1988
TT
1988
1987
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
51 782
Sept.
Oct.
Nov.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous bbl
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick ..
Structural tile, except facing
thous sh tons
Sewer pipe and fittings vitrified
do
Floor and wall tile and accessories, glazed
and unglazed
mi. sq ft..
Producer Price Index, brick and structural
clay tile
12/84—100
1
477 958
47 250
39750
32505
27 176
23 133
33782
39 261
44 585
47 085
43782
7526
47
262
617.3
47
222
5160
47
156
5004
47
184
4299
47
143
5548
5692
636.6
625.9
587.4
3169
7,807.8
58 1
3163
21 4
248
258
244
224
4789
4882
413
405
400
393
424
466
415
462
469
388
1082
1109
111 0
111 2
111 2
111 6
111 6
1120
111 9
111 6
111 7
111 8
26205
23409
21 507
20860
17458
20 189
22237
21 944
22352
20936
25482
24 178
23837
24831
25784
25561
25 175
26442
24311
23425
1529
4983
7 332
1,961
1279
4410
6602
l'799
1 133
4531
6403
1,719
1605
4528
7 390
1959
1668
4 304
6767
1883
1852
5201
7767
2*113
1939
6114
7940
2,154
2334
6250
8018
2*391
2342
6499
8279
2^599
2025
6040
7 775
2,198
1 481 160
7,600.5
(2)
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
thous $ 1 457 5871 484 949
Glass containers:
Production "f"
thous gross 285 030 284 473
Shipments, total t • do
281 636 280 439
Narrow-neck containers:
27252 22100
Foodt
do
Beverage
,.
do
62434 63551
Beer
do
85357 86285
28,382 26491
Liquor and wine t
do
Wide-mouth containers:
Food and dairy products.
do
62673 66675
Narrow-neck and wide-mouth containers:
Medicinal and toilet
do
13980
14 167
Chemical, household, and industrial
do
1357
1371
Stocks, end of period f
do
41 926 42296
GYPSUM AND PRODUCTS
Production:
1 15 612 1 16 390
Crude gypsum (exc byproduct) thous sh tons
1 17 592 1 17 274
Calcined..
do
Imports, crude gypsum .
do
'9 679
9717
Sales of gypsum products:
Uncalcined
do
'6324 '5375
Calcined:
Industrial plasters
do
'150
'496
Building plasters, total
235
(incl. Keene's cement)
do
'280
1
Board products total
mil sq ft
20 507 1 20 563
23
Lath
do
21
Veneer base
do
472
'479
1311
Gypsum sheathing
do
'313
1 13 920 1 13 ggg
Regular gypsum board
do
Type X gypsum board
do
'4489 '4583
1
1
Predecorated wallboard
do
132
128
1
1605
%.e mobile home board
do
598
Water/moisture resistant board
do ....
'550
'557
(2)
(2)
(2)
5372
4908
5635
5402
6351
5810
5621
5885
4779
1 243
1 240
1343
727
796
768
752
878
755
555
152
42296
100
42 807
116
44078
126
49628
122
44423
79
44862
83
43866
53
44409
158
44840
1 429
1760
850
1 279
1 385
915
1 460
1 330
875
533
460
564
13
12
13
19
1 897
2
40
26
1 139
541
1
9
80
59
18
1 699
2
40
18
1 043
'468
10
65
55
690.2
(2)
6240
121
44 526
r
(2)
591.7
(2)
21 4
194
488
413
111 8
111 7
r
111 8
1121
403 583
418 513
383 612
(2)
1 090
1 400
1 160
1 300
1 130
1 570
758
1 100
1 450
915
1 110
1 320
913
1 210
1 430
778
1 310
1 400
365
380
418
413
431
433
281
29
1 644
2
39
18
1 010
460
9
51
55
31
1 874
2
42
22
1 134
542
10
62
61
1 698
2
43
22
997
500
9
67
58
r
25837
26 010
22292
22574
2394
2119
5,178
6761
1,995
r
6,228
r
7971
r
2,222
r
6390
5743
r
719
703
86
r
44 186
75
43831
(4)
16
1 641
1
4
31
1 700
1
37
30
1 005
453
10
53
53
40
20
1 027
484
10
61
56
(2)
(2)
1 744
1
47
24
1 036
507
10
62
58
(2)
1 773
2
40
25
1 061
520
9
59
57
(2)
1 669
1
35
22
984
501
9
59
57
TEXTILE PRODUCTS
FABRIC
Woven fabric, finishing plants:
Production (finished fabric) ...
mil linear yd
Cotton
do ...
Manmade fiber and silk fabrics
do....
Inventories held at end of period ..
do
Cotton
do ....
Manmade 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 <>
thous. running bales ..
Crop estimate
thous. net weight bales §..
Consumption
thous running bales
Stocks in the United States, total, end of
Domestic cotton, total
On farms and in transit
Public storage and compresses
Consuming establishments
See footnotes at end of tables.
.do....
do....
do....
do....
11,698
14,359
14,760
7,446
14,985
15,412
7,294
6,888
454
509
13,722
13,722
2,525
10,555
642
16,062
16,062
1,957
13,524
581
17,755
17,755
8,975
8,210
570
17,115
17,115
4,838
11,722
555
90
14,277
3
554
554
570
16,062
16,062
1,957
13,524
581
14,809
14,809
1,081
13,141
587
13,705
13,705
1,026
12,048
631
3
734
611
631
12,349
12,349
993
10,734
622
10,683
10,683
707
9,353
623
9,951
9,951
1,076
8,229
646
3
981
382
781
545
663
8,580
8,580
1,219
6,760
601
6,985
6,985
450
5,929
606
17,382
17,382
11,807
4,975
600
3
836
16,195
16,195
11,147
4,458
590
5,806
"'*i2io83
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-31
SURVEY OF CURRENT BUSINESS
December 1989
n
Annual
..
1987
1988
1988
Oct.
1989
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
TEXTILE PRODUCTS—Continued
COTTON AND MANUFACTURES— Cont.
Cotton (excluding linters)— Continued
Exports
thous. running bales
Imports
thous. net-weight bales §..
Price(farm), American upland ^
cents per Ib ..
Price, Strict Low Middling, Grade 41, staple 34
(IVie"), average 10 markets
cents per Ib..
Spindle activity (cotton system spindles):
Active spindles, last working
day, total
mil
Consuming 100 percent cotton
do
Spindle hours operated, all
fibers total
bil
Average per working day
do
Consuming 100 percent cotton
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
mil. sq. yd..
Orders, unfilled, end of period, compared
with average weekly production
no. weeks' prod...
Inventories, end of period, compared with
avg. weekly production
no. weeks' prod
Ratio of stocks to unfilled orders (at cotton
mills), end of period
Exports, raw cotton equivalent
thous. net-weight bales §
Imports, raw cotton equivalent
do.
Producer Price Index, gray cotton
broadwovens
1982=100 ..
5649
1
55.6
5683
2
3
63.7
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments, quarterly #
mil. sq. yds..
APPAREL
Women's, misses', juniors' apparel cuttings: t
Coats
thous units
Dresses
do
Suits (incl. pant suits, jumpsuits)
do
Skirts
do....
Slacks, jeans, dungarees, and
jean-cut casual slacks
do....
Blouses
thous. dozen
See footnotes at end of tables.
619
1
55.6
610
672
233
58.7
58.3
57.2
850
(i)
59.5
480
(i)
61.1
466
(i)
63.8
54.8
55.6
55.4
57.6
61.4
63.7
64.1
67.4
69.9
68.5
11 4
43
11 5
44
11 3
43
11 2
42
11 1
43
11 1
43
11 1
44
11 2
43
108
43
107
42
107
42
60
300
22
*63
251
4
22
58
288
21
59
293
22
59
296
22
60
300
23
4
60
301
18
108
539
21
!09.4
110.0
632
(i)
55.3
57.7
52.2
53.4
11 6
46
11 5
44
11 5
43
829
319
323
78 1
302
289
60
299
21
4,772
4,518
2600
1,617 2
2504
1 1468
63.1
105.2
r3
5
114.4
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Acetate filament yarn
mil Ib
191 1
2139
Rayon staple, including tow
do
3998
4138
Noncellulosic, except textile glass:
Yarn and monofilaments
do.... 4,009.7 r4,180.3
Staple, incl tow
do
43062 43456
Textile glass
fiber
do ....
Fiber stocks, producers', end of period:
Acetate filament yarn
mil. Ib
114
142
1
Rayon staple, including tow
do...
207
40
Noncellulosic fiber, except textile glass:
r
Yarn and monofilaments
do....
298.4
288.6
Staple, incl. tow
do....
298.4
319.6
Textile glass
fiber
„
do
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total
mil. sq. yd ..
Filament yarn (100%) fabrics
do....
Chiefly rayon and/or acetate
fabrics
do
Chiefly nylon fabrics
do....
Spun yarn (100%) fabrics
do....
Rayon and/or acetate fabrics, blends
do
Polyester blends with cotton
do....
Acetate filament and spun
yarn fabrics
do....
Producer Price Index, gray synthetic
5
broadwovens
1982—100
V27
1056
Manmade fiber textile trade:
Exports, manmade fiber equivalent
mil. Ibs..
591.87
684.75
Yarn, tops, thread, cloth
do....
282.19
260.31
Cloth, woven
do
15265
169 31
Manufactured prods., apparel,
furnishings
do....
402.56
331.56
Imports, manmade fiber equivalent
do.... 1,805.44 1,735.70
Yarn, tops, thread, cloth
do
258 18
28000
Cloth, woven
do.
18252
17923
Manufactured products, apparel,
furnishings
do
1 525 44 1 477 52
Apparel, total
do .... 1,033.22
991.03
Knit apparel
do
44303
48536
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apparel class
.
mil Ib
Carpet class
do....
Wool imports clean yield
do
Duty-free
do
Wool prices, raw, shorn, clean basis, delivered
to U.S. mills:
Domestic— Graded territory, 64's, staple 2%"
and up
dollars per Ib
Australian, 64's, Type 62, duty-paid
do....
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. sq. yd..
684
(i)
52.8
57.5
r3
6
448
6
1
54.7
379
224
(i)
55.1
3
4
12
289
4
26
1,029
205
929
228
945
254
1094
111.9
112.5
112.3
111.3
110.9
l,059.2
1 124 5
110.9
110.5
110.1
r
109.8
567
832
1,065 ]
1 103 9
10973
1 134 1
10502
1 0534
11 3
11 7
89
158
116
181
288.6
298.4
3020
3113
3222
3510
3519
3625
113 9
114 6
5674
22.20
1422
5677
2363
1488
5998
2732
15 64
3454
144.23
2220
1566
3314
132.03
2044
13 64
3266
123.37
18 60
1247
12203
8186
4044
111 59
7162
3272
10477
6571
2673
114 3
112 0
11
2
4
10
67
13
106
.8
87
21
11 1
1.3
11 3
29
450
4.75
A 50
5.11
4 38
4.84
4
112 2
112 1
13 7
1.6
90
38
10 4
1.6
13 1
32
87
1.4
10 3
31
4 10
4.54
3 75
4.29
375
4.14
112 2
4
114 6
1152
11 9
4
1.5
83
30
93
1.2
10 0
20
97
1.5
69
2i
107
1.5
39
15
10 4
32
365
4.03
350
4.05
3 50
4.10
350
4.14
3 50
4.17
4
92
1.0
67
22
83
1.0
86
20
265
3.24
438
4.87
463
4.88
475
4.72
1689
1912
447
47 5
488
1,263.2
12733
3043
3100
3482
23982
174 982
7458
111,162
18416
160 488
8972
96,417
4234
36510
2076
20,735
294,791
30595
276,364
33721
69,088
7916
r
3 618
50 823
r
2280
r
29 210
4564
47 332
2328
26270
r
78,626
9992
74,400
r
9931
1158
114 9
117 1
15.6
96 7
244
r
r
l!4 7
113 1
1297
13.1
105 1
31 1
4
111.0
28
11 4
140
113 5
110.4
13 4
537
558
101 2
r
68.3
4
527
1008
555
926
r
4
"66.3
69.4
1,183
1 150
112.4
75
299
29
4
495
(i)
66.0
r
3 33
4.17
S-32
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
SURVEY OF CURRENT BUSINESS
T,
.f
1987
December 1989
1989
1988
Annual
1988
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Oct.
Nov.
May
June
July
Aug.
25,296
3,626
3990
124 710
29445
28,485
30,745
28,992
13645 13943
1 241 1104
16130
1117
1 4144
1378
17928
1,020
23314
1,836
1,322
612
560
899
641
258
9
9.8
9
7.0
9
2.9
275
248
849
603
245
10.2
7.5
2.8
540
499
977
685
291
11.4
8.3
3.1
576
523
840
610
230
10.7
7.8
2.8
750
524
226
8.8
6.1
2.7
'686
474
e
213
e
8.5
6.0
e
2.5
1845
1,732
9
3.0
62.74
4967
3391
1005
950
1,565
1,555
2.5
39.04
2687
298.4
63 6
830
1,450
1,578
2.3
48.34
39.59
279.0
706
880
1,439
1,562
r
2.4
57.88
48.08
293.3
934
956
1,550
1,643
3.2
68.81
47.87
1,658
1,701
3.4
303
Apr.
Sept.
TEXTILE PRODUCTS—Continued
APPAREL-Continued
Men's apparel cuttings: $$
Suits
thous. units.. 12,296 13,413
Coats (separate), dress and sport
do
18323 17 435
7
Trousers, slacks, jeans pants etc
do
481 667 428 231
Shirts, dress and sport
thous doz
83756 85338
Hosiery, shipments
thous. doz. pairs.. 308,982 322,124
32,948
27,475
3,558
4 191
94252
21662
25,120
29,503
r
4,103
r
4574
110
884
r
27 348
29,183 29,277
31,136
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), total
mil $
U.S. Government...
do
Prime contract
do
Sales (net), receipts, or billings,
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
.
do
Exports, commercial.
do
3
121 224 3 3147 128
66 264 67 850
117 434 3 143 421
3
3
3
110 301 3 3113 548
68 632 68 104
158,650 3 3191,518
3
92,439 92,394
3
64 494 33 87 865
3
15 521 23 415
3
3
3
30 544
3
29 078
3
16,930
3
17,895
12 491 7 16 019 9
7380
9971
MOTOR VEHICLES (NEW)
Passenger cars:
Factory sales (from U.S. plants):
5
Total
thous
7 105
7085
5
Domestic
do
6437
6 487
Retail sales, total, not seas, adj
do.... 10,278 10,639
Domestics §
do
7539
7081
Imports §
do....
3,197
3,099
Total, seas. adj. at annual rate ..
mil
Domestics §
do
Imports §
do.
Retail inventories, domestics, end of period: §
1680
Not seasonally adjusted
thous
1601
Seasonally adjusted
do
1701
1619
Inventory-retail sales ratio, domestics §
29
26
Exports (BuCensus), total
do.... 627.65 765.12
To Canada
do
56188 616 18
Imports (ITC), complete units
do
45890 44502
From Canada total
do
9269 1 191 4
Registrations Q total new vehicles
do
10 166 1 10 480
Imports, including domestically
sponsored
do
'3 654 '3710
Trucks and buses:
Factory sales (from U.S. plants):
6
Total
do
4 121
3 821
6
Domestic
..
do
3509
3795
Retail sales, domestics:
Total, not seasonally adjusted
do
40884 4 5445
0-10,000 Ibs GVW
do
37861 4 195 1
10 001 Ibs GVW and over
do
3023
348 7
Total, seasonally adjusted
do
0-10,000 Ibs. GVW
do
10,001 Ibs. GVW and over
do
Retail inventories, domestics, end of period: t
Not seasonally adjusted
thous
9679
Seasonally adjusted
do
10154 1 041 6
Exports (BuCensus)
do
229 27 24692
Imports (BuCensus), including separate
chassis and bodies
do
1 378 19 1 155 66
Registrations <), new vehicles, excluding buses
1
not produced on truck chassis
thous
4 964 ^5211
Truck trailers and chassis, complete (excludes
detachables) shipments
number
180 142 186 483
Van type
do
135 380 131 991
Trailer bodies (detachable), sold
separately
do
438
5223
Trailer chassis (detachable), sold
separately
do
23014 37729
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all
railroads and private car lines (excludes
rebuilt cars and cars for export):
Shipments
number
Equipment manufacturers
do
New orders
do
Equipment manufacturers
do
Unfilled orders, end of period
do...,
Equipment manufacturers
do. .
Freight cars (revenue), class I railroads(AAR): $
Number owned, end of period
thous
Capacity (carrying), total, end of month
mil tons
Average per car....
tons
See footnotes at end of tables.
13645
13645
18,504
18504
6,736
6,736
1 5392
949
12587
814
14762
829
7741
4
620
10162
810
15972
1,320
655
589
838
592
246
99
69
30
648
591
796
554
243
101
72
29
584
533
882
617
265
114
84
3.1
616
570
721
512
209
99
71
2.8
606
545
754
554
201
9.9
7.0
2.8
654
585
887
642
246
9.7
6.8
2.9
651
584
912
667
245
108
7.6
3.2
671
617
973
710
262
10.3
75
2.9
1 504
1646
29
6511
50 11
400 1
101 5
807
1631
1663
28
68.50
4898
4092
101 0
764
1601
1619
23
5824
40 61
4157
88 9
896
1736
1649
28
4
55.68
4
40
14
4
324 8
4
86 0
733
1810
1667
28
71.74
5502
3726
112 4
722
1838
1,690
30
82.94
6569
3747
999
833
1836
1702
27
80.16
5873
3564
102 1
843
1 844
1709
28
71.37
5226
3528
109 5
885
297
278
317
258
252
283
282
293
324
304
331
354
375
340
351
323
327
303
365
338
373
343
401
366
365
334
390
362
383
358
220
205
347
328
316
289
371 0
3397
31 4
3845
3539
306
3550
3280
27 0
3766
346 1
305
359 2
3290
30 1
372 1
3426
294
8268
300 1
26 7
381 6
3493
322
3377
313 1
24 g
4052
3756
29 5
3492
3227
265
3989
3686
30 3
3970
3692
278
421 8
391 2
307
3626
3340
286
3894
3591
303
9
3519
P
3242
9
27.6
3899
3617
283
379.6
351 6
28.0
410.3
382.1
282
432.8
404.1
28.7
3825
357.0
255
411.5
385.9
25.6
326.4
297.6
288
344.4
316.2
28.2
9450
9723
21 80
9983
1 0035
1523
999 3 1 0937
1 041 6 14 0725
19 23
17 91
1 1705
1 1099
21 60
1 197 1
i'i3o'o
2335
1 2089
1 1358
1873
1 2252
1 1603
1769
1 2523
12037
1536
1 1144
1 208.2
1066
1 1078
1,200.5
1564
1,078 8
1,153.9
21 15
1,102.6
1,135.3
1715
10983
97 20
107 89
4 103 34
101 92
10361
7634
8964
8330
74.85
69.06
70.58
88.20
410
398
445
371
374
428
427
446
477
430
441
493
423
15850
11868
13
302
r
9,881
13252
9,833
1,309
1,557
1,497
16296
11 801
15394
11 347
15436
11 161
343
520
563
3747
3 548
2645
14 141
10 137
3652
3366
286
14223
10*559
16247
11746
16395
11*854
15234
10764
15034
11 002
11 427
7950
2 180
2 183
3047
2613
1016
800
(2)
(ii)
11
1 789
1 857
7864
7864
8044
8044
15,953
15,953
22524
22524
28871
28871
15,953
15,953
9
(2)
7838
7838
5,649
5649
16,398
16,398
7286
7286
11,040
11 040
19,707
19,707
749
725
724
724
725
723
721
721
715
714
712
6363
8501
6246
8617
62 15
8588
6227
8605
6246
8617
6234
8616
6219
8624
6226
8634
61 81
8648
6177
8652
6157
8653
6,821
6,821
6,117
6 117
15,694
15,694
S-33
SURVEY OF CURRENT BUSINESS
December 1989
FOOTNOTES FOR PAGES S-l THROUGH S-32
Address requests for data to:
General Notes for all Pages:
r
p
e
c
Revised,
Preliminary,
Estimated,
Corrected.
Page S-l
t Revised series. See Tables 2.6 - 2.9 in the July 1989 SURVEY for revised estimates for
1985-88.
t 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.
O See note "O" for p. S-2.
Page S-2
1. Based on data not seasonally adjusted.
O Effective Oct. 1987 SURVEY, the industrial production index has been revised back
to Jan. 1985. These revisions are available upon request.
# Includes data not shown separately.
t Effective Sept. 1988 SURVEY, data have been revised back to January 1982. Revised
data appear in the report "Manufacturing and Trade Inventories and Sales" CB-88-146,
available from the Bureau of the Census, Washington, DC 20233.
§ Revised series. Data have been revised back to 1985. Revisions are available upon
request.
Page S-3
# Includes data for items not shown separately.
t Revised series. Data have been revised back to 1982. A detailed description of the
changes appear in the report "Manufacturers' Shipments, Inventories, and Orders: 1982-88"
M3-l(88), available from the Bureau of the Census, Washington, DC 20233.
t 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.
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.
t See note "t" for p. S-3.
Page S-5
@ Compiled by Dun & Bradstreet, Inc.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
$ See note "$" for p. S-4.
t In the Feb. and July issues of the SURVEY each year, data for the most recent six to
eight years are subject to revise and are available upon request.
O See note "t" for p. S-6.
ft See note "t" for p. S-3.
Business Statistics Branch
Current Business Analysis Division
Bureau of Economic Analysis
U.S. Department of Commerce
Washington, D.C. 20230
@ Effective July 1989 SURVEY, data have been revised back to 1985. In addition to the
normal revisions to the unadjusted and seasonally adjusted data, some total components
have been revised back to 1975 due to revised data for the "Telecommunications" category.
See note "*" for this page. Effective July 1988 SURVEY, the "Improvements" component
of private residential buildings has been revised back to 1982 to adjust for a change in
estimation of the monthly data. Revised data are available from the Construction Statistics
Division at the Bureau of the Census, Washington, DC 20233.
$ Effective July 1989 SURVEY, data have been revised back to 1975 and are available
upon request.
# The "Telephone and telegraph" category has been renamed "Telecommunications"
and now includes estimates for television cable construction. Data were revised back to
1975.
ft Effective Nov. 1989 SURVEY, data have been revised back to 1980 and are available
upon request.
Page S-8
1. Advance estimate.
2. Beginning with Feb. 1989 data, associations in conservatorship are excluded.
O 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.
@ Effective Oct. 1987 SURVEY, data are for closed mortgage loans of thrift institutions
insured by the Savings Association Insurance Fund (SAIF)—FSLIC-insured institutions
prior to Sept. 1989. Historical data back to 1976 are available upon request.
t Effective April 1989 SURVEY, wholesale trade data have been revised back to Jan.
1983. Revised data and a summary of changes appear in the report. Revised Monthly Wholesale
Trade Sales and Inventories BW-13-88S, available from the Bureau of the Census, Washington, DC 20233.
$ Effective April 1989 SURVEY, retail trade data have been revised. Estimates of retail
sales and inventories have been revised back to January 1983. A revision in 1988 revised
some series back to 1978. Revised data and a summary of changes appear in the report
Revised Monthly Retail Sales and Inventories BR88-R, available from the Bureau of the
Census, Washington, DC 20233.
tt Beginning with data for 1988, data will be reported on a quarterly basis only.
Page S-9
1. Advance estimate.
# Includes data for items not shown separately.
0 Effective with the January 1989 SURVEY, the seasonally adjusted labor force series
have been revised back to January 1984. The January 1989 issue of Employment and Earnings contains the new seasonal adjustment factors, a description of the current methodology, and
revised data for the most recent 13 months or calendar quarters. Revised monthly data for
the entire 1984-88 revision period are in the February 1989 issue of Employment and Earnings.
t The participation rate is the percent of the civilian noninstitutional population in the
civilian labor force. The employment-population ratio is civilian employment as a percent
of the civilian noninstitutional population, 16 years and over.
@ Data include resident armed forces.
t See note "$" for p. S-8.
Page S-6
Page S-10
§ Effective with the release of the January 1988 index, all producer price indexes previously
expressed on a base of 1967 = 100, or any other base through December 1981, have been
rebased to 1982=100. Historical data on the new base are available upon request. For
producer price indexes of individual commodities, see respective commodities in the Industry
section beginning p. S-l9. All indexes subject to revision four months after original publication.
# Includes data for items not shown separately.
t Effective with the release of the January 1988 index, all consumer price indexes previously
expressed on a base of 1967 = 100, or any other base through December 1981, have been
rebased to 1982-84=100. Historical data on the new base are available upon request. Beginning
with January 1987, data are calculated using 1982-84 expenditure patterns and updated
population weights. Additional information regarding these changes is available from the
Bureau of Labor Statistics, Washington, DC 20212.
$ Effective with the Feb. 1989 SURVEY, data have been revised back to 1984 and are
available upon request.
C> See note "O" for p. S-9.
§ Effective with the June 1988 and 1989 issues of the SURVEY, data have been revised,
respectively, back thru April 1986 and 1987 (not seasonally adjusted) and January 1983
and 1984 (seasonally adjusted) to reflect new benchmarks and seasonally adjustments factors. The June issue of Employment and Earnings (for both years) contains a detailed discussion of the effects of these revisions.
Page S-l 1
t 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.
0 Production and nonsupervisory workers.
§ See note"§" for p. S-10.
Page S-7
Page S-12
1. Computed from cumulative valuation total.
2. Index as of Dec. 1, 1989: building, 396.6; construction, 435.6.
3. Beginning Dec. 1988, series has been discontinued by the Bureau of the Census.
# Includes data for items not shown separately.
§ Data for Dec. 1988, and Mar., June, and Aug. 1989 are for five weeks; other months
four weeks.
0 Effective Feb. 1989 SURVEY, data for seasonally adjusted housing starts have been
revised back to 1986. Effective Feb. 1988 SURVEY, data for seasonally adjusted housing
starts have been revised back to 1985.These revisions are available upon request.
t Effective May 1989 SURVEY, data for seasonally adjusted building permits have been
revised back to 1987. Effective May 1988 SURVEY, data for seasonally adjusted building
permits have been revised back to Jan. 1986. These revisions are available upon request.
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.
2. The hourly earnings index has been discontinued.
§ See note "§" for p. S-10.
0 Production and nonsupervisory workers.
t Earnings in 1977 dollars reflect changes in purchasing power since 1977 by dividing by
Consumer Price Index. Effective Feb. 1988 SURVEY, this series has been revised back to
1983 to reflect new seasonal factors for the CPI-W. Revised data are available upon request.
§§ Wages as of Dec. 1, 1989: Common, $18.10; Skilled, $23.71.
t Excludes farm, household, and Federal workers.
$$ See note "$" for p. S-ll.
S-34
SURVEY OF CURRENT BUSINESS
Page S-13
1. Beginning with Jan. 1988 data, the number of respondents in the bankers acceptance
survey was reduced from 155 to 111 institutions—those with $100 million or more in total
acceptances. The new reporting group accounts for over 90 percent of total acceptances
activity.
2. Effective December 31, 1987, eight brokers and dealers in commercial paper were
added to the reporting panel resulting in a series break. End of month figures on the old basis
are as follows: All issuers, 352,915; financial companies, 275,907; dealer placed, 103,667;
directly placed, 172,240; and nonfinancial companies, 77,008.
3. Average for Dec.
4. Pursuant to the 1987 Agricultural Credit Act, the FICBs merged with the FLBs on
July 6, 1988. Loans for the combined FLBs, FLBAs, FICBs, and PCAs for the third and
fourth quarter 1988, and first quarter 1989, in millions are: $42,849, $41,438 and $40,337
respectively.
5. Effective Feb. 28, 1989, there was a break in the series due to the enlargement of the
panel of reporting dealers to 17 and of reporting direct issuers to 36. End of month figures on
the old basis are as follows: All issuers, 481,734; financial companies, 373,717; dealer placed,
172,330; directly placed, 201,387; and nonfinancial companies, 108,017.
t Effective Aug. 1988 SURVEY, free reserves have been restated to correspond with the
Federal Reserve's computation, which is as follows: excess reserves, minus borrowings, plus
extended credit. Historical data back to 1961 are available upon request.
t Effective Oct. 1989 SURVEY, data have been revised from 1984 forward. Effective
Jan. 1988, series revised due to changes in the panel of reporting banks. The new reporting
panel of 168 banks accounts for about 52 percent of total assets in U.S. offices of domesticallychartered banks.
# Includes data for items not shown separately.
§ Excludes loans and federal funds transactions with domestic commercial banks and
includes valuation reserves (individual loan items are shown gross; i.e., before deduction of
valuation reserves).
# New series. Source: The Employment and Training Administration. Covers 50 States
and the District of Columbia. Only regular benefits are included.
@ Average weekly insured unemployment for 12-month period divided by average monthly
covered employment (lagging 4 full quarters for annual figure and 2 full quarters for monthly
figure).
** Effective Oct. 1989 SURVEY, loans by loan type are provided by the Federal Farm
Credit Banks Funding Corporation.
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. Beginning Feb. 1988, data temporarily suspended by the Farm Credit Administration, which is revising the information it collects and amending the reports it distributes.
§ Effective Aug. 1989 SURVEY, data have been revised to reflect new benchmark adjustments. In addition, data for 1984 forward include a number of institutions excluded from
earlier data. Effective Apr. 1989 SURVEY, data have been revised to reflect new benchmark
and seasonal adjustments. These revisions are available upon request.
t Effective with May 1989 SURVEY, the consumer installment credit series have been
revised from 1986 through 1988 to reflect more complete data for most lender groups and
new seasonal factors. Effective Apr. 1988 SURVEY, the consumer installment credit series
have been revised back to Jan. 1980 to reflect newly available historical information and to
incorporate new seasonal factors. These revisions are available upon request.
# Deludes data for items not shown separately.
O Excludes loans to commercial banks in the U.S.
t Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent.
tt Courtesy of Metals Week.
(a) (a) Average effective rate
@ Revised for periods between October 1986 and April 1987. During this interval, outstanding gold certificates were inadvertently in excess of the gold stock.
Page S-15
1. Beginning in the first quarter 1987, the universe of manufacturing corporations was
redefined to exclude corporations with less than $250,000 in assets at the time of sample
selection.
2. Beginning Jan. 1989, the primary public offering statistics have been discontinued by
the Securities and Exchange Commission.
t Effective Feb. 1989 SURVEY, the money stock measures and components have been
revised and are available from the Banking Section of the Division of Research and Statistics at the Federal Reserve Board, Washington, D.C. 20551.
tt 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.
@ 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.
§ Effective with the Mar. 1989 SURVEY, data have been revised back to 1986 and are
available upon request. Effective Apr. 1988 SURVEY, 1987 data have been revised. Revisions for
Jan. 1987: long-term, 7,486; short-term, 372.
Page S-16
1. The railroad average was discontinued by Moody's on July 13, 1989. Therefore, the
July average reflects only eight working days.
@ See note "4" for p. S-19 regarding the new commodity classification systems introduced Jan. 1989. Effective with the July 1989 SURVEY, seas. adj. data have been revised
back to Jan. 1987 and unadj. exports and imports back to Jan. 1988. Effective with the
December 1989
June 1988 SURVEY, total exports and imports have been revised back to Jan. 1986. These
revisions are available upon request. Data may not equal the sum of the geographic regions,
or commodity groups and principal commodities, because the revisions to the totals are not
reflected in the component items.
t Effective with the June 1988 SURVEY, seasonal adjustment of exports and imports
was reintroduced. The monthly data were last adjusted for December 1985. Historical data
from Jan. 1986 forward are available upon request.
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.
t For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
# Series added to the S-pages in May 1989.
Page S-17
1. Beginning with Jan. 1989 data, undocumented exports to Canada are now included,
resulting in a break with Dec. 1988 data.
2. Beginning Jan. 1989, buses are excluded from "Motor vehicles and parts" and included in
"Other manufactured goods," resulting in a break with Dec. 1988 data.
@ See note "@" for p. S-16.
t See note "t" for p. S-16.
# Includes data not shown separately.
O Data include undocumented exports to Canada, which are based on official Canadian
import totals.
# Series added to the S-pages in May 1989.
Page S-18
1. Reported annual total; quarterly or monthly revisions are not available.
2. For month shown.
3. Beginning Aug. 1989, the export and import indexes have been discontinued by the
Census Bureau.
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled
service.
t The threshold for Class I railroad status is adjusted annually by the Interstate Commerce Commission to compensate for inflation.
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.
t Before extraordinary and prior period items.
@ Changes in these unit value indexes may reflect changes in quality or product mix as
well as price changes.
tt Effective with the Dec. 1989 SURVEY, data for 1981-88 have been revised and are
available upon request.
Page S-19
1. Reported annual total; monthly or quarterly revisions are not available,
2. Less than 500 metric tons.
3. Figure suppressed because it did not meet Census publication standards.
4. Effective with the Apr. and May 1989 issues of the SURVEY, most foreign trade series
in the "S-Pages" have been converted to metric units. Also, beginning with 1989 data,
merchandise trade data are based upon two new commodity classification systems; the
International Harmonized System and, Revision 3 of the Standard International Trade
Classification and, as a result, data may not be directly comparable to 1988 and earlier
years.
5. Effective with the July 1989 SURVEY, data are shown in metric 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.
t Data for 1985-86 (and 1984, for inorganic chemical production items) have been revised.
Effective with the Jan. 1989 SURVEY, series for industrial gases have been revised for 1986
and 1987. Effective with the Feb. 1989 SURVEY, series for inorganic chemicals and fertilizer materials have been revised for 1986 and 1987. These revisions are available upon
request.
O Beginning January, 1986, data are not directly comparable to earlier periods because
the data represent only companies that have annual revenues over $100 million.
Page S-20
1. Reported annual total; monthly or quarterly revisions are not available.
2. Quarterly data are no longer available. See also note 4 for this page.
3. See note 4 for p. S-19.
4. Effective with the July 1989 SURVEY, data are shown in metric tons.
§ Data are not wholly comparable from year to year because of changes from one classification to another.
O Effective with the Jan. and Nov. 1989 issues of the SURVEY, data for 1986, 1987, and
1988 have been revised and are available upon request.
@ Includes less than 500 electric generation customers not shown separately.
t Effective with the Apr. 1989 SURVEY, data have been revised back to 1983 and are
available upon request.
t Effective with the Nov. 1989 SURVEY, data for 1987-88 have been revised and are
available upon request.
tt Effective with the Dec. 1989 SURVEY, data for 1987-88 have been revised and are
available upon request.
Page S-21
1.
2.
3.
4.
June
5.
Previous year's crop. New crop is not reported until Sept. (crop year: Sept. 1-Aug. 31).
Crop estimate for the year. See also note 13 for this page.
Stocks as of June 1.
Stocks as of June 1 and represents previous year's crop; new crop not reported until
(beginning of new crop year).
Crop estimate for 1989.
December 1989
6. Stock estimates are available once a year as June 1 stocks and shown here in the May
column and (as previous year's crop) in the annual column. See also note 13 for this page.
7. Stocks as of Dec. 1.
8. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
9. Prices are no longer available.
10. Based on quotations for fewer than 12 months.
11. See note 4 for p. S-19.
12. Series has been discontinued.
13. Effective with the May 1989 SURVEY, data have been converted to metric units.
14. Nov. 1 estimate of the 1989 crop. See also note 13 for this page.
§ Excludes pearl barley.
@ Quarterly data represent the 3-month periods Dec.-Feb., Mar.-May, June-Aug.,
and Sept. -Nov. Annual data represent Dec.-Nov.
t Coverage for 21 selected States, representing approximately 85 percent of U.S. production.
Page S-22
1. Monthly quotation not available.
2. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
3. See note "t" for this page.
4. See note "t" for this page.
5. Series has been discontinued by the source.
6. See note 4 for p. S-19.
$ Beginning with Sept. 1988 and annual 1988 data, price represents dollars per head and
is not comparable with earlier prices, which represent dollars per 100 pounds.
t Effective with the release of 1st Qtr. 1988 data, the import price index for coffee has
been discontinued by BLS and replaced in the SURVEY with the import price index for
coffee and coffee substitutes. The weighting structure used for the import price index reflects
U.S. foreign trade flows based on 1985 data. Indexes, beginning with 2nd Qtr. 1975, are
available upon request.
Page S-23
1. Crop estimate for the year.
2. Reported annual total; revisions not distributed to the months.
3. Data suppressed because they did not meet Census publication standards.
4. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
5. See note 4 for p. S-19.
6. Nov. 1 estimate of 1989 crop.
# Totals include data for items not shown separately.
O Effective Nov. 1989 SURVEY, data have been revised for 1987 and 1988. Effective
Oct. 1988 SURVEY, data have been revised for 1986.
Page S-24
1. Reported annual total; monthly revisions are not available.
2. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
3. Less than 500 tons.
4. See note 4 for p. S-19.
5. Effective with the July 1989 SURVEY, data have been converted to metric tons.
* New series from the American Metal Market. The composite scrap price represents
the average of consumers' buying prices, delivered, at the following markets: Chicago,
Pittsburgh, and Philadelphia. Annual and monthly composite price data are available back
to January 1982.
Page S-25
1. Reported annual total; monthly revisions are not available.
2. For month shown.
3. Effective with Jan. 1989, import data are for consumption; earlier periods of data are
general imports. See also note 4 for p. S-19 regarding the introduction of new classification
systems.
4. Prior to the July 1989 SURVEY, annual and monthly data for 1984-88 for aluminum
imports and exports were shown incorrectly in thousands of short tons. Beginning with the
July 1989 SURVEY, data for those periods have been converted to thousands of metric tons.
@ Beginning 1987, includes foreign ores.
§ Source: Metals Week.
Page S-26
1. Reported annual total; monthly revisions are not available.
2. Less than 50 tons.
3. See note 3 for p. S-25.
O Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
$ Source for monthly data: American Bureau of Metal Statistics. Source for annual
data: Bureau of Mines.
# Includes data not shown separately.
# New series from The Material Handling Institute, Inc. and Cahners Economics. Includes
bookings (new orders) for automatic guided vehicles, automated storage and retrieval systems, below hook lifters, cranes, hoists, monorails, racks, shelving, casters and floor trucks,
and conveyors. Annual and quarterly historical data back to 1972 are available upon request.
@@ Beginning Oct. 1986, the Lead price represents North American Mean.
Page S-27
1. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
2. See note 4 for p. S-19.
3. Annual total includes revisions not distributed to the months.
# Includes data for items not shown separately.
§ Includes nonmarketable catalyst coke. See also note "ff'for this page.
O Includes small amounts of "other hydrocarbons and alcohol new supply (field
production)," not shown separately.
S-35
SURVEY OF CURRENT BUSINESS
t Effective with the Oct. 1987, 1988, and 1989 issues of the SURVEY, coal production
data for 1986, 1987, and 1988, respectively, have been revised. Effective with the May 1988
SURVEY, coal consumption and stocks back through 1986 have been revised. These revisions are
available upon request.
tt Effective with the June 1988 and Aug. 1989 issues of the SURVEY, data for 1987 and
1988 respectively, have been revised and are available upon request.
tt March, June, September and December are five-week months. All others consist of
four weeks.
Page S-28
1. Reported annual total; revisions not allocated to the months.
2. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
3. See note 4 for p. S-19.
# Includes data for items not shown separately.
t Except for price data, see note "||" for p. S-27.
Page S-29
1. Reported annual total; revisions not allocated to the months.
2. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
3. See note 4 for p. S-19.
O Source: American Paper Institute. Total U.S. estimated consumption by all newspaper
users.
# Compiled by the American Newspaper Publishers Association.
t Effective with the April 1988 SURVEY, the import price index for natural rubber has
been revised. The index is now expressed on a base of 1985= 100. Also new weights based on
1985 trade flows have been applied to all data from 1985 onward. Revised data are available
back to 4th qtr. 1983.
Page S-30
1. Reported annual total; revisions not allocated to the months.
2. Data are being withheld to avoid disclosing data from individual firms.
3. Data cover five weeks; other months, four weeks.
4. Beginning Jan. 1989, sales of industrial plasters are included with building plasters.
5. Dec. 1 estimate of the 1989 crop.
# Includes data for items not shown separately.
O Cumulative ginnings to the end of month indicated.
§ Bales of 480 Ibs.
t Data for 1987 and 1988 have been revised and are available upon request.
Page S-31
1. Less than 500 bales.
2. Annual total includes revisions not distributed to the months.
3. Average for crop year; Aug. 1-Jul. 31.
4. For five weeks; other months four weeks.
5. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
6. See note 4 for p. S-19.
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).
# Beginning 1st Qtr. 1986; quarterly data are estimated by the American Textile
Manufacturers Institute based on annual data collected by the Bureau of Census.
§ Bales of 480 Ibs..
t Beginning 1st Qtr. 1987, data are not comparable with earlier periods. Girls apparel
are now included with women's, misses' and juniors' and boys' apparel are now included
with men's. Also, some classification changes were made.
Page S-32
1. Annual total includes revisions not distributed to the months.
2. Production of new vehicles (thous. of units) for Nov. 1989: passenger cars, 539; trucks
and buses, 315.
3. Data are reported on an annual basis only.
4. See note 4 for p. S-19.
5. Beginning with January 1987, data include Honda, Nissan, and Toyota passenger cars
produced in U.S. plants.
6. Beginning with January 1987, data include Nissan trucks produced in U.S. plants.
7. Beginning with 1st qtr. 1987, jeans, jean-cut casual and dungarees are included with
trousers.
8. See note "t" for this page.
9. Effective with the July 1988 and 1989 issues of the SURVEY, data have been revised
back thru 1985 and 1986, respectively, and are available upon request.
10. Data for jumpers are included with dresses to avoid disclosing information for individual companies.
11. Beginning Jan. 1989, shipments of trailer bodies are included with trailer chassis to
avoid disclosure of data from individual firms.
# 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 Effective with the Mar. 1988 SURVEY, retail inventories for trucks and buses have
been restated to exclude captive imports (vehicles manufactured overseas by U.S. affiliates). These data are available back through 1966.
$$ See note "t" for page S-31.
S-36
SURVEY OF CURRENT BUSINESS
December 1989
Index to Current Business Statistics
Sections
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
Labor force, employment, and earnings...
Finance .
Foreign trade of the United States ..........'.'.'.'.'.'.'.'.'
Transportation and communication
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 manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
Rubber and rubber products
Stone, day, and glass products
Textile products
Transportation equipment
19, 20
20
20-23
23
23,24
24-27
27, 28
28, 29
29
30
30-32
32
Footnotes.
32-35
1-5
5,6
7,8
8,9
9-13
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
Automobiles, etc
Banking
Barley
Battery shipments.
Beef and veal
Blast furnaces, steel mills
Bonds, issued, prices, sales yields
Brass and bronze
Brick
Building and construction materials
Building costs
Building permits
Business incorporation (new), failures
Business sales and inventories
Butter
8, 12
32
13
18
27
4,5,32
19
8,20
25
2, 4-6, 8-12, 31, 32
28
2-4, 6, 8, 9,14,15,17, 32
13, 14
21
27
22
8, 17, 20
3-5
15,16
26
30
2,4, 5
7
7
5
2,3
21
Carpets
31
Cattle and calves
22
Cement
30
Chain-store sales, firms with 11 or more stores
9
Cheese
21
Chemicals
2-4,10-12,15,17,19,20
Cigarettes and cigars
23
Clay products
2-4, 30
Clothing (see apparel)
Coal
2, 27
Cocoa
22
Coffee
22
Coke
27
Combustion, atmosphere, heating equipment
26
Communication
15,19
Construction:
Contracts
7
Costs
7
Employment, unemployment, hours, earnings
10-12
Housing starts
7
New construction put in place
7
Consumer credit
14
Consumer goods output, index
1,2
Consumer Price Index
5,6
Copper and copper products
25, 26
Corn
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
Debt, U.S. Government
Deflator, PCE
Department stores, sales, inventories
Deposits, bank
Dishwashers and disposers
5,21
14
1
9
13,15
27
Disposition of personal income .
Distilled spirits
Dividend payments
Drugstores, sales
Earnings, weekly and hourly
Eating and drinking places
Eggs and poultry
Bectric power
Electrical machinery and equipment
Employee-hours, aggregate, and indexes
Employment and employment cost
Exports (see also individual commodities)
1
20
1,15
12
8, 9
5, 22
2, 20
2-5,10-12,15, 27
11
10-12
16-18
Failures, industrial and commercial
5
Farm prices
5,6
Fats and oils
17
Federal Government finance
14
Federal Reserve System
13
Federal Reserve member banks
13
Fertilizers
19
Fish
22
Flooring, hardwood
24
Flour, wheat
22
Ruid power products
26
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
Hardware stores
Heating equipment
Help-wanted advertising index
Hides and skins
Home loan banks, outstanding advances
Home mortgages
Hotels, motor hotels, and economy hotels
Hours, average weekly
Housefurnishings
Household appliances, radios, and television sets
Housing starts and permits
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 ratios
Iron and steel
2,6, 20
28
30
19
14
5, 21, 22
9
30
8
26
12
6
22
8
8
18
11
2,4-6,8, 9
27
7
17,18
1
14
1,2
1,2
14
2-4,10-12
14
3,4, 8,9
3
2,15, 24, 25
Labor force
9,10
Lamb and mutton
22
Lead
26
Leather and products
2, 6,10-12,23
Livestock
5, 22
Loans, real estate, agricultural, bank (see also Consumer credit)
8,13
Lubricants
28
Lumber and products
2, 6,10-12,23,24
Machine tools
26
Machinery
2-6,10-12,15,17, 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
Newsprint
New York Stock Exchange, selected data
Nonferrous metals
Oats
Oilsandfats
Orders, new and unfilled, manufacturers'
Outlays, U.S. Government
18
29
16
2, 4,5,15,25,26
21
17
4,5
14
Paint and paint materials
20
Paper and products and pulp
2-4, 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^, 10-12,15,17, 27, 28
Pig iron
24
Plastics and resin materials
20
Population
9
Pork
22
Poultry and eggs
5, 22
Price deflator, implicit (PCE)
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, 7,15,16, 20
Pulp and pulpwood
28
Purchasing power of the dollar
6
Radio and television
Railroads
Ranges and microwave ovens
Rayon and acetate
Real estate
Receipts, U.S. Government
Refrigerators
Registrations (new vehicles)
Rent (housing)
Retail trade
Rice „
Rubber and products (ind. plastics)
Saving, personal .
Savings institutions
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
Stone, day, glass products
Sugar
Sulfur
Sulfuric add
Superphosphate
Synthetic textile products
Tea imports
Telephone carriers
Television and radio
Textiles and products
Tin
Tires and inner tubes
Tobacco and manufactures
Tractors
Trade (retail and wholesale)
Transit lines, urban
Transportation
Transportation equipment
Travel
Truck trailers
Trucks
8, 27
13,16,18, 32
27
31
8,13
14
27
32
6
2, 3, 5, 8-12,14, 32
21
2-4,6,10-12, 29
1
13
8,14
15
15,16
6,10-12
22
23
14
31
24,25
15
16
2-4, 10-12,15, 30
23
19
19
19
31
23
19
27
2-4,10-12,15, 30-32
26
29
2-4,10-12,23
27
2, 3, 5, 8-12,32
18
6,10-12,15,16,18
2-6,10-12,15,17, 32
18
32
2,32
Unemployment and insurance
U.S. Government bonds
U.S. Government finance
Utilities
Vacuum cleaners
Variety stores
Vegetables and fruits
9,10,13
16
15
2, 6, 7,15,16, 20
27
9
5
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheatflour
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc
1,12
27
27
21,22
2,3, 5, 8,10-12
28
31
26
BEA Information
BEA's Economic information is available in publications, on computer tapes, on diskettes, and through a variety of other products and services. Most of these are described
in A User's Guide to BEA Information. For a copy, send a self-addressed stamped
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Index of Items Appearing in the National Income and Product
Accounts Tables. (1987) Indexes general subject areas as well as detailed line items in the national income and product accounts tables. 18
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Jjfl SURVEY OF CURRENT BUSINESS. Contains estimates and analyses of U.S. group (farm, manufacturing, and nonfarm nonmanufacturing), for resieconomic activity. Features include a review of current economic develop- dential capital by tenure group (owner-occupied and tenant-occupied), for
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BEA Methodology Paper No. 1: Introduction to National Economic Accounting. (1985) Introduces the concepts of the national
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BEA Methodology Paper No. 4: GNP; An Overview of Source
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personal income by major type of payment and earnings by major industry, population, and total and per capita personal income for regions,
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Vol. 1. Summary: Regions, States, and Metropolitan Areas. Estimates for the United States, regions, States, and metropolitan areas.
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Foreign Direct Investment in the United States: 1987 Benchmark Survey, Preliminary Results. (1989) Presents preliminary results of BEA's 1987 benchmark survey of foreign direct investment in the
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Foreign Direct Investment in the United States; Operations of
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1990 Release Dates for BEA Estimates
Subject
July
July
July
19
27
30
Composite Indexes of Leading, Coincident, and Lagging Indicators,
June 1990.
State Per Capita Personal Income, 1989 (revised)
Gross National Product, 2d quarter 1990 (preliminary)
Corporate Profits, 2d quarter 1990
Personal Income and Outlays, July 1990
Merchandise Trade (balance of payments basis), 2d quarter 1990
Composite Indexes of Leading, Coincident, and Lagging Indicators,
July 1990.
Aug.
1
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
22
24
24
27
28
29
19
Summary of International Transactions, 2d quarter 1990
Gross National Product, 2d quarter 1990 (final)
Corporate Profits, 2d quarter 1990 (revised)
Personal Income and Outlays, August 1990
Composite Indexes of Leading, Coincident, and Lagging Indicators,
August 1990.
Sept.
Sept.
Sept.
Sept.
Sept.
11
25
25
26
28
Apr.
Apr.
Apr.
27
27
30
State Personal Income, 2d quarter 1990
Gross National Product, 3d quarter 1990 (advance)
Personal Income and Outlays, September 1990
Oct.
Oct.
Oct.
23
30
31
May
2
Nov.
2
May
May
May
May
May
May
3
24
24
25
25
30
Composite Indexes of Leading, Coincident, and Lagging Indicators,
September 1990.
Merchandise Trade (balance of payments basis), 3d quarter 1990
Gross National Product, 3d quarter 1990 (preliminary)
Corporate Profits, 3d quarter 1990
Personal Income and Outlays, October 1990
Composite Indexes of Leading, Coincident, and Lagging Indicators,
October 1990.
Nov.
Nov.
Nov.
Nov.
Nov.
27
28
28
29
30
June
June
June
June
June
12
21
21
22
27
Dec.
Dec.
Dec.
Dec.
11
19
19
20
State Personal Income, 3d quarter 1989
Gross National Product, 4th quarter 1989 (advance)
Personal Income and Outlays, December 1989
Composite Indexes of Leading, Coincident, and Lagging Indicators,
December 1989.
Jan.
Jan.
Jan.
Jan.
23
26
29
31
Merchandise Trade (balance of payments basis), 4th quarter 1989
Gross National Product, 4th quarter 1989 (preliminary)
Feb.
Feb.
27
28
Personal Income and Outlays, January 1990
, Mar.
Composite Indexes of Leading, Coincident, and Lagging Indicators, Mar.
January 1990.
Summary of International Transactions, 4th quarter 1989
Mar.
Gross National Product, 4th quarter 1989 (final)
Mar.
Corporate Profits, 4th quarter 1989
, Mar.
Personal Income and Outlays, February 1990
, Mar.
13
28
28
29
Composite Indexes of Leading, Coincident, and Lagging Indicators,
February 1990.
State Personal Income, 4th quarter 1989 and Per Capita Personal
Income, 1989 (preliminary).
Gross National Product, 1st quarter 1990 (advance)
Corporate Profits, 4th quarter 1989 (revised)
Personal Income and Outlays, March 1990
Apr.
3
Apr.
Composite Indexes of Leading, Coincident, and Lagging Indicators,
March 1990.
Metropolitan Area Personal Income, 1988
Gross National Product, 1st quarter 1990 (preliminary)
Corporate Profits, 1st quarter 1990
Merchandise Trade (balance of payments basis), 1st quarter 1990
Personal Income and Outlays, April 1990
Composite Indexes of Leading, Coincident, and Lagging Indicators,
April 1990.
Summary of International Transactions, 1st quarter 1990
Gross National Product, 1st quarter 1990 (final)
Corporate Profits, 1st quarter 1990 (revised)
Personal Income and Outlays, May 1990
Composite Indexes of Leading, Coincident, and Lagging Indicators,
May 1990.
* These are target dates and are subject to revision.
Release
Date*
Subject
Release
Date*
State Personal Income, 1st quarter 1990
Gross National Product, 2d quarter 1990 (advance)
Personal Income and Outlays, June 1990
Summary of International Transactions, 3d quarter 1990
Gross National Product, 3d quarter 1990 (final)
Corporate Profits, 3d quarter 1990 (revised)
Personal Income and Outlays, November 1990
:
For information, call (202) 523-0777, Bureau of Economic Analysis, U.S.
Department of Commerce.
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