Full text of Survey of Current Business : February 1992
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
FEBRUARY 1992
<^ VOLUME 72 NUMBER
2
IN THIS ISSUE . . .
User's Guide to BEA Information
U*S. DEPARTMENT OF COMMERCE ^^ ECONOMICS AND STATISTICS ADMINISTRATION
BUREAU OF ECONOMIC ANALYSIS
FEBRUARY 1992
«^» VOLUME 72 NUMBER
SURVEY of CURRENT BUSINESS
U.S. Department of Commerce
Barbara Hackman Franklin, Secretary
aS*'»!5nei4a.
\
~»;^£^p
********
Economics and Statistics
«
1
Business Situation
8
National Income and Product Accounts
8 Selected NIPA Tables
27 NIPA Chart
28 Reconciliation and Other Special Tables
29 Errata
30 Summary National Income and Product Series
Mark W. Plant, Acting
Under Secretary for Economic Affairs
an<f Administrator
Bureau of Economic Analysis
Carol S* Carson* Director
Allan H* Young, Acting
Deputy Director
37
User's Guide to BEA Information
Editor-in-Chief: Douglas It Fox
Managing Editor. Wand L Scott
Publication Staff; W. Ronnie Foster,
M. Gretchen Gibson, Eric B, Manning,
Donald fc Parschalk
OF GUKRBKT BUSINESS, published
monthly by the Bureau of Economic Analysis of the
U*S. Department of Commerce. Editorial correspondence should be addressed to the Editor-in-Chief,
SURVEY OB OtnuKkt BUSINESS, Bureau of Economic
Analysis, U,S* Department of Commerce, Washington, r>c 20*30.
Annual subscription: Second-class mail—$29.00
domestic, $z8,7| foreign; first-class mml—$52,00.
Single copy^-$6.50 domestic* $8.13 foreign*
Mail subscription prdersand address dianges to the
Superlntei^Bt of Documents, IJ»S. Government
Printog QfSce, Washington, r>c 20402. Make checks
payable to the Superintendent of Documents,
Second-class postage paid at Washington, r>c and at
additional mailing offices* (usi>$ 337-790)*
The Secretary of Commerce has determined tot
the publication of this periodical is necessary in the
transaction of the public business required by law of
this Department
C-pages: Business Cycle Indicators
(Seepage C-l for contents)
S-pages: Current Business Statistics
(Seepage S-36for contents and subject index)
Inside back cover: BEA Information
NOTE,—This issue of the SURVEY went to the printer on March 9* 19^2*
It incorporates data from the following monthly BEA news releases:
Gross gomestic Product (Feb. aa}»
Personal Income and Qudays (Mar, a), and
Opposite Indexes of Leading, Coincident, atid X-ajgmg
Indicators <Mar, 3),
SURVEY OF CURRENT BUSINESS
February 1992
THE BUSINESS SITUATION
This article was
prepared by Daniel
Larkins, Larry R.
Moran, and Ralph
W. Morris.
N THE fourth quarter of 1991, U.S. production registered a small increase, and U.S.
demand decreased slightly. Real gross domestic
product (GDP), a measure of goods and services produced in the United States, increased
0.8 percent in the fourth quarter after increasing
1.8 percent in the third (chart i).1 This "preliminary" estimate for the fourth quarter is 0.5
percentage point higher than the "advance" estimate issued a month ago; reasons for the upward
revision are discussed in the last section of this
article. Real gross domestic purchases, a measure
of goods and services purchased by U.S. residents,
decreased 0.3 percent in the fourth quarter after
increasing 3.4 percent in the third. That gross domestic purchases decreased in the fourth quarter
while GDP increased is accounted for by a stronger
increase in exports than in imports.2
The fixed-weighted price index for gross domestic purchases increased 2.3 percent in the
fourth quarter after increasing 2.5 percent in the
third.3 The comparable price index for GDP in-
creased 2.2 percent after increasing 2.6 percent.
These price indexes, which are now calculated
with 1987 weights, reflect the recent comprehensive revision to the national income and product
accounts (NIPA'S).
Real Product:
Change From Preceding Quarter
Billion 1987$
60
20
0
Looking Ahead...
• Government Fiscal Developments. Two articles discussing
recent fiscal developments in the government sector in the
framework of the national income and product accounts will
appear in the March SURVEY. One article will describe the
budget of the Federal Government for fiscal year 1993; the
other article will describe the fiscal position of State and local
governments for 1991.
lIllllMll
. , il.
1'
-20
-40
-60
40
20
0
1. Quarterly estimates in the national income and product accounts are
expressed at seasonally adjusted annual rates, and quarterly changes are differences between these rates. Quarter-to-quarter percent changes are annualized.
Real, or constant-dollar, estimates are expressed in 1987 dollars and are based
on 1987 weights.
2. Gross domestic purchases is calculated as the sum of personal consumption expenditures (PCE), gross private domestic investment (GPDI), and
government purchases. GDP is calculated as the sum of these three components plus exports minus imports (thereby including U.S. production of
goods and services sold outside the United States and excluding those goods
and services in PCE, GPDI, and government purchases that are not produced
in the United States).
3. As part of the comprehensive NIPA revision, the price index for gross
domestic purchases replaced the price index for GNP as the featured measure
of price change. For most purposes, it is more useful to track changes in the
prices paid by U.S. purchasers than changes in the prices received by U.S.
producers. For example, a sharp rise in the price of imported petroleum
usually affects prices of gross domestic purchases but not GNP (and GDP)
prices.
-GROSS DOMESTIC PRODUCT
40
1
(
|
PERSONAL CONSUMPTION EXPENDITURES
ill, .1 ,i
iii
r
'1
-20
|
-40
20
0
1
1
-•--, '---•'• •
FIXED INVESTMENT
1
-20
-40
60
l
CHANGE IN BUSINESS INVENTORIES
40
20
•
0
,1
•
1
-60
40
26
0
-20
40
20
0
-20
'1
1
1
1
1
NET EXPORTS
ll
1,. ,
1. .,•.
1
|
_••
1
-20
-40
.
"
J_
1
GOVERNMENT PURCHASES
1
1,
1
,
,
1988
^1-069
1990
1991
.Based" on Seasonally Adjusted Annual Rates
U.I
SURVEY OF CURRENT BUSINESS
2 • February 1992
Cyclical perspective.—Following the business cycle peak in the third quarter of 1990, real GDP
decreased for two quarters and then increased for
three. The two decreases took GDP 1.6 percent
below its level at the cycle peak, and the three
subsequent increases brought it back to within
0.6 percent of that level (table i). Exports increased in four of the last five quarters; these
increases thereby moderated the drop in GDP and
contributed to its rebound. In the fourth quarter
of 1991, the level of exports was 12.1 percent above
its level at the peak of the cycle.
Real gross domestic purchases decreased more
sharply than real GDP after the peak in the cycle, and it subsequently recouped less of its loss.
Decreases in the fourth quarter of 1990 and in
the first quarter of 1991 took purchases down 2.5
percent. Increases in the second and third quarters of 1991 and the decrease in the fourth quarter
left gross domestic purchases 1.6 percent below
its level at the peak of the cycle.
Among the major components of both GDP
and gross domestic purchases, only residential
investment and inventory investment (that is,
the change in business inventories) increased in
the last three quarters of 1991. The increases
in residential investment were concentrated in
single-family construction and followed many
quarters of decrease. The increases in inventory investment reflected a swing from substantial
inventory liquidation to moderate accumulation.
Table 1.-Cyclical Perspective on Selected NIPA
Components
[Seasonally adjusted at annual rates]
Billions of 1987 dollars
Level
1990:
III1
Gross domestic product
Less: Exports of goods and services .
Plus: Imports of goods and services ..
1991:
I
1991:
IV
4,903.3 4,824.0 4,872.2
562.2
579.8
1991:
I
1991:
IV
98.4
99.4
102.2
93.6
112.1
102.2
Equals: Gross domestic purchases
4,969.1 4,842.6 4,889.8
97.5
98.4
Personal consumption expenditures
Durable goods
Nondurable goods
Services
3,281.2 3,241.1 3,269.5
411.9
440.3
410.8
1,053.7 1,043.9 1,037.7
1,787.3 1,786.3 1,819.9
98.8
93.3
99.1
99.9
99.6
93.5
98.5
101.8
519.1
163.3
355.8
504.1
146.0
358.2
93.4
90.7
94.8
90.7
81.1
95.4
89.4
95.3
99.5
97.7
501.6
567.4
512.5
531.1
Percent of
level in
1990:111
Nonresidential fixed investment
Structures
Producers' durable equipment ....
555.5
180.0
375.5
Residential fixed investment
190.9
170.7
182.0
13.9
-32.8
10.9
927.5
378.4
549.1
944.5
391.7
552.7
923.2
369.6
553.5
101.8
103.5
100.7
100.8
992.3
976.3
971.5
98.4
97.9
Change in business inventories
Government purchases
Federal
State and local
Addendum:
Inventories of domestic business ...
1. Real GDP reached a peak in the third quarter of 1990.
NOTE.—Percent changes in major aggregates are found in table 8.1 of the "Selected NIPA
Tables." Dollar levels are found in table 1.2 and table 5.13.
Nonresidential fixed investment and government purchases decreased in the last three
quarters of 1991. In nonresidential investment,
decreases in structures accounted for the decreases in the second and third quarters; in the
fourth quarter, both structures and equipment
decreased. In government purchases, the decreases partly reflected falling expenditures for
national defense after the buildup that accompanied Operation Desert Shield and Operation
Desert Storm.
Personal consumption expenditures decreased
in the fourth quarter after increasing in the second and third quarters. Expenditures for services
tend to be less sensitive to cyclical factors than
expenditures for goods; in the fourth quarter, the
level of expenditures for services was above its
level at the cycle peak, while the level of expenditures was below its level at the cycle peak for
both durable and nondurable goods.
Personal consumption expenditures
Real personal consumption expenditures (PCE)
decreased 0.2 percent in the fourth quarter after
increasing 2.3 percent in the third quarter and 1.4
percent in the second (table 2).
The fourth-quarter decrease may have reflected
concerns about job security and income. The
unemployment rate increased again in the fourth
quarter, to 6.9 percent (the highest rate since
1986). Real disposable personal income increased
in the third and fourth quarters, but only by 0.3
percent and 1.1 percent, respectively. Reflecting
consumer uncertainty, the Index of Consumer
Sentiment (prepared by the University of Michigan's Survey Research Center) plunged in the
fourth quarter, to its lowest level in a year.
Expenditures for durable goods fell 6.0 percent
in the fourth quarter after jumping 9.5 percent
in the third quarter and decreasing 1.8 percent
in the second. All major components of durable
goods decreased in the fourth quarter.
Expenditures for nondurable goods decreased
3.2 percent in the fourth quarter after not changing in the third quarter and increasing 0.9
percent in the second. All major components of
nondurable goods decreased in the fourth quarter, but about two-thirds of the decrease was
accounted for by clothing and shoes.
Expenditures for services increased 2.9 percent
in the fourth quarter after increasing 2.2 percent
in the third quarter and 2.5 percent in the second.
All major components increased in the fourth
quarter, but most of the increase was accounted
for by medical care and "other" services.
SURVEY OF CURRENT BUSINESS
Nonresidential fixed investment
February 1992 • 3
In contrast, corporate cash flow posted more
substantial increases, and the yield on new highgrade corporate bonds decreased in each quarter
of the year. (The latest Census Bureau survey
of plans for plant and equipment expenditures,
which was released in mid-December 1991, reported that real spending in 1992 is expected to
be 5.7 percent higher than in 1991.)
Structures decreased 6.3 percent in the fourth
quarter after decreasing 23.9 percent in the third
quarter and 10.3 percent in the second. The
decrease in the fourth quarter was the fifth consecutive decrease, but it was considerably smaller
than the preceding four decreases. A decrease
Real nonresidential fixed investment decreased
4.5 percent in the fourth quarter, a little more
than in the two preceding quarters (table 3).
The fourth-quarter decrease was accounted for
by both structures and producers' durable equipment (PDE). In the second and third quarters,
only structures decreased.
The factors that are associated with investment spending were mixed in recent quarters.
Real final sales of domestic product was relatively flat, capacity utilization rates were low,
and corporate profits increased only modestly.
Table 2.—Real Personal Consumption Expenditures
[Seasonally adjusted at annual rates]
Billions of 1987 dollars
Percent change from preceding quarter
Change from preceding quarter
1991
Level
1991
Personal consumption expenditures
I
3,269.5
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
II
I
1991:IV
II
10.7
11.3
411.9
169.4
169.5
-13.2
-13.1
.9
-1.9
-2.5
73.0
-1.1
-1.5
Nondurable goods
Food
Clothing1 and shoes
Energy
Other
1,037.7
516.9
179.1
248.4
.8
Services
Housing
Household2 operation
Energy
Other household operations
Transportation
Medical care
Other
1,819.9
480.7
208.8
3.2
.4
.8
2.8
93.2
-.1
.4
-1.4
.9
0
-2.2
9.6
1.1
.9
-.4
1.4
1.0
4.8
1.8
10.9
1.0
5.4
3.9
1.5
.9
4.0
-.4
-2.0
-1.8
94.8
114.0
129.5
446.7
554.1
9.4
6.7
1.4
1.3
2.3
17
4.4
1.7
-2.4
-1.8
-.2
-1.7
3.3
3.2
17
18.8
2.2
IV
III
IV
III
-6.4
-1.5
-3.0
-1.9
-1.8
-5.9
-5.7
-7.8
5
-.5
-5.1
-7.5
-1.9
1.3
13.1
.7
.3
1.3
.8
4
1.1
.6
5.0
5.2
-3.9
-7.5
0
.3
7.7
3.9
0
-1.7
3.1
2.4
4
-2.1
-3.0
2.9
1.1
1.5
-1.7
4.0
1.9
4.6
3.8
5.1
3.2
4.5
1.3
5.6
2.9
3.7
-.3
-5.2
-3.2
-11.6
2.2
.9
1.7
2.5
.8
11.1
18.1
-6.0
-3.5
-6.8
-9.8
-3.0
-3.4
-.7
-0.2
9.5
3.3
7.3
.9
13
10.0
2.3
17.3
5.3
-.3
2.2
-8.4
-5.6
1.4
-1.3
-11.9
-26.1
2.2
NOTE.-Percent changes in major aggregates are found in table 8.1 of the "Selected NIPA
Tables." Dollar levels are found in table 2.3.
1. Gasoline and oil, and fuel oil and coal.
2. Electricity and gas.
Table 3.—Real Gross Private Domestic Fixed Investment
[Seasonally adjusted at annual rates]
Percent change from preceding quarter
Billions of 1987 dollars
Change from preceding quarter
Level
1991
I
1991 :IV
Gross private domestic fixed investment
Nonresidential
1991
II
686.2
-38.0
I
II
IV
III
IV
III
-3.0
-0.3
-0.3
-19.3
-1.7
-0.2
-0.2
504.1
-25.4
-4.3
-4.8
-5.9
-17.4
-3.3
-3.7
-4.5
Structures
Nonresidentiai buildings including farm
Utilities
Mining exploration, shafts, and wells
Other
146.0
103.6
-7.1
-6.1
-4.4
-5.4
10.5
-9.2
-2.4
-1.9
-15.7
-18.0
-10.3
-16.8
3.0
-13.4
-23.9
-28.4
-6.3
Producers' durable equipment
Information processing and related equipment
Industrial equipment
Transportation and related equipment
Other . .
358.2
154.6
Residential
Single-family structures .
Multifamily structures
Other
-.5
-.2
-.3
27.5
7.1
7.8
-18.2
69.1
71.5
63.0
-1.4
-5.1
-3.1
-8.5
182.0
-12.6
95.0
12.4
74.7
-9.3
NOTE.—Percent changes in major aggregates are found in table 8.1 of the "Selected NIPA
Tables." Dollar levels are found in table 5.5.
8
-2.5
.2
-.3
1.1
-.2
-.7
-.3
0
1.5
5.8
6.5
-3.1
2.7
1.0
1.3
1.1
19
2.1
-2.1
2.8
-1.5
4.5
9.9
14
-4.1
.1
-.4
-.3
-3.4
6.2
-.4
-7.0
-2.2
5.5
4.5
-.1
1.3
-7.0
-8.9
-14.9
75.3
-18.1
0
4.3
-15.6
-3.9
-23.2
-15.3
-37.7
-24.8
-35.8
179
-12.2
15.6
-5.8
3.1
5.7
-40.1
11.6
-2.9
-30.0
-13.5
6.7
7.0
1.5
-19.7
14.0
-11.2
-3.7
17.8
-2.3
15.6
-8.7
-31.2
-12.8
10.9
59.0
13.1
21.4
-3.2
19.6
-34.6
-19.5
7.3
4 • February 1992
SURVEY OF CURRENT BUSINESS
in nonresidential buildings was more than accounted for by commercial buildings; industrial
buildings and most other types of buildings increased. The decrease in commercial buildings
was another in a long series of decreases that left
commercial building at its lowest level in 12 years.
Mining exploration, shafts, and wells—mostly oil
wells—posted another decrease that was rather
small in terms of dollars but that was sizable in
terms of percentages.
PDE decreased 3.7 percent in the fourth quarter
after increasing 6.7 percent in the third quarter and registering no change in the second.
Information processing and related equipment
increased for the third consecutive quarter, but
this increase was more than offset by decreases in
the other PDE components. A decrease in transportation equipment was especially large; auto
PDE slipped slightly and truck PDE increased,
but civilian aircraft, a volatile component, fell
sharply.
The increase in single-family construction reflected increases in single-family housing starts—
up 187,000, to 920,000 (seasonally adjusted annual rates)—during the last three quarters of
1991 after decreasing 350,000 during the preceding
four quarters (chart 2).
The fourth-quarter upswing in the "other"
component was largely attributable to an upswing
in brokers' commissions on house sales. Sales of
new houses increased 4.7 percent in the fourth
quarter after decreasing slightly in the third, and
sales of existing homes increased 1.2 percent after
a sharp decrease. The fourth-quarter increases in
sales were partly the result of dropping mortgage
rates; by the end of the fourth quarter, commitment rates were at their lowest levels in more
than 15 years (chart 3).
Multifamily construction decreased much less
in the fourth quarter than in the third.
With the fourth-quarter decrease, multifamily
construction was at its lowest level in 30 years.
Residential investment
Inventory investment
Real residential investment increased 13.1 percent
in the fourth quarter after increasing 10.9 percent
in the third quarter and 3.1 percent in the second.
Single-family construction and the "other" component of residential investment increased in the
fourth quarter, while multifamily construction
decreased for the loth consecutive quarter. (The
"other" component includes additions and alterations, major replacements, mobile home sales,
and brokers' commissions on house sales.)
Real inventory investment—that is, the change
in business inventories—increased $10.8 billion
in the fourth quarter after increasing $30.5 billion in the third quarter and $2.4 billion in the
second (table 4). The fourth-quarter increase
reflected a step-up in inventory accumulation;
the third-quarter increase reflected a swing from
substantial liquidation to slight accumulation.
Nonfarm inventories increased $12.5 billion
in the fourth quarter after decreasing in the
Housing Starts
Selected interest Rates
Motion of units
2,0
Percent
14
12
1.5
10
Mortgage Commitments -
1,0
Single Family
0.5
~% /\ Multifamily
111111111111111111111111111
1989
1990
1991
1992
Seasonally Adjusted at Annual Rates
U,S, Department of Commerce, Bureau of Economic Analysts
1 1 1 1 li 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 il 1 1 1 1 1 1
1989
1990
1991
ai Reserve Board
U.S. Department of Commerce Bureau of Economic Analysis
1992
SURVEY OF CURRENT BUSINESS
four preceding quarters. The fourth-quarter
turnaround was accounted for by a sharp upswing in wholesale trade inventories and a stepup in accumulation of inventories in retail trade
excluding auto dealers.
Manufacturing inventories decreased $9.9 billion in the fourth quarter, the third consecutive
quarter of liquidation. Inventories of durables
decreased, continuing a long and sometimes
sharp series of decreases; the fourth-quarter decrease was primarily accounted for by electrical
machinery, nonelectrical machinery, and transportation equipment other than motor vehicles.
Inventories of nondurables increased after modest decreases in the preceding two quarters; the
turnaround was accounted for by paper products,
diemicals, and apparel.
Wholesale trade inventories increased $15.3 billion in the fourth quarter after decreases in the
two preceding quarters. The increase was accounted for by an upswing in the inventories
of merchant wholesalers—mainly in electrical
goods, in machinery, equipment, and supplies,
and in motor vehicles and parts. Inventories of
nonmerchant wholesalers decreased slightly after
increasing.
Retail trade inventories increased $8.4 billion
in the fourth quarter after increasing $6.2 billion
in the third quarter and decreasing $3.0 billion
in the second. Retail trade inventories other than
those held by auto dealers increased considerably
more in the fourth quarter than in the third. The
fourth-quarter increase was partly accounted for
by a substantial accumulation in nondurables; the
accumulations were in all types of goods. Retail
auto dealers' inventories decreased substantially
after no change.
Farm inventories decreased $1.6 billion in the
fourth quarter after increasing $2.9 billion in the
February 1992 • 5
third quarter and $0.4 billion in the second. The
decrease largely reflected stronger market sales.
Inventories of crops decreased in both quarters;
inventories of livestock decreased slightly after an
increase.
Reflecting the fourth-quarter changes in inventories and final sales of domestic businesses, the
constant-dollar ratio of nonfarm inventories to
final sales edged up slightly for the third consecutive quarter, to 2.58, but it remained in the
narrow range within which it has fluctuated for
the past 2 years.
Net exports
Real net exports increased in the fourth quarter after decreasing in the third quarter and
increasing in the second (table 5). The fourthquarter increase reflected a y.i-percent increase
in exports that was partly offset by a 2.5-percent
increase in imports.
Merchandise exports increased 15.0 percent after increasing 4.6 percent in the third quarter and
17.8 percent in the second. Nonagricultural exports increased 13.6 percent after increasing 2.1
percent; the step-up was largely due to exports of
civilian aircraft, which rebounded in the fourth
quarter after dropping sharply in the third. Agricultural exports increased sharply for the second
consecutive quarter. Exports of services increased
8.3 percent, much less than in the two preceding
quarters.
Merchandise imports increased 1.9 percent in
the fourth quarter after increasing 23.6 percent
in the third quarter and 14.8 percent in the second. The fourth-quarter increase was more than
accounted for by nonpetroleum products. Nonpetroleum products increased about one-third as
much as they had in the third quarter; most of
the slowdown was accounted for by automobile
Table 4.—Change in Real Business Inventories
[Billions of 1987 dollars; seasonally adjusted at annual rates]
Level
Change from preceding quarter
1990
1991
IV
Change in business inventories
farm
Nonfarm
Manufacturing
Wholesale trade
Retail trade
Auto dealers
Other retail trade
Other
Addendum:
Nonfarm less auto dealers
I
-31.2
-32.8
-5.5
-1.7
-25.7
-13.7
.9
-31.1
.5
1.9
-28.3
-21.5
-8.9
-9.7
.8
-4.0
-6.8
-5.2
160
-9.6
NOTE.-Dollar levels for most inventories are found in table 5.11 of the "Selected NIPA Tables."
II
1991
IV
III
-30.4
.4
-30.8
142
-13.7
-3.0
-1.1
0.1
10.9
2.9
-1.6
-2.8
-4.1
-1.5
6.2
0
6.2
II
I
12.5
-9.9
15.3
8.4
1.9
.2
-3.4
-7.3
15.7
-1.3
298
-2.9
19.8
-1.6
3.8
-5.4
14.2
1.0
194
-11.8
-7.6
-1.2
6.4
IV
III
2.4
2.1
.3
147
-15.6
25.3
20.4
4.9
5.4
-20.2
30.5
2.5
28.0
10.1
12.2
9.2
1.1
8.1
-3.6
26.9
10.8
-4.5
15.3
-5.8
16.8
2.2
-7.3
9.5
2.1
22.7
SURVEY OF CURRENT BUSINESS
6 • February 1992
imports, which decreased in the fourth quarter
after increasing sharply in the third. Petroleum imports swung from a modest increase to
a sharp decrease. Imports of services increased
5.3 percent after increasing much less in the third
quarter and a little less in the second.
ees, installation support, personnel support, and
contractual research and development.
Federal nondefense purchases decreased 12.1
percent in the fourth quarter after decreasing 5.9
percent in the third. Both decreases were largely
traceable to changes in inventories of farm products held by the Commodity Credit Corporation
(ccc). The level of ccc inventories decreased $3.3
billion in the fourth quarter after decreasing $0.1
billion in the third and increasing $2.1 billion in
the second. Federal nondefense purchases excluding ccc inventory transactions changed little
in the fourth quarter after increasing in the two
preceding quarters.
State and local government purchases increased
1.4 percent in the fourth quarter after modest decreases in the three preceding quarters.
The turnaround was attributable to employee
compensation and to structures.
Government purchases
Real government purchases decreased 5.4 percent
in the fourth quarter after decreasing 3.4 percent
in the third quarter and o.i percent in the second
(table 6). The decreases in the third and fourth
quarters were concentrated in Federal defense
purchases and were at least partly attributable to
the demobilization following Operation Desert
Storm.
Federal defense purchases decreased 15.4 percent in the fourth quarter after decreasing 8.9
percent in the third. The fourth-quarter decrease
was accounted for by military hardware, particularly aircraft and vehicles, and by purchases
of services, mainly compensation of employ-
Prices
The fixed-weighted price index for gross domestic purchases increased 2.3 percent in the fourth
Table 5.—Real Net Exports of Goods and Services
[Seasonally adjusted at annual rates]
Percent change from preceding quarter
Billions of 1987 dollars
Change from preceding quarter
Level
I
1991 :IV
II
Net exports of goods and services
17.6
12.6
Exports of goods and services
Merchandise
Agricultural products
Nonagricultural products
Services
562.2
414.5
10.0
Imports of goods and services
Merchandise
Petroleum and products
Nonoetroleum oroducts
Services
579.8
477.9
38.5
375.9
147.7
46.1
431.9
101.9
1991
1991
.5
.6
-.1
-10.5
-22.6
-17.1
1.7
-18.9
i
6.3
18.8
9.5
4.5
2.7
1.9
4.9
23.2
15.9
-1.4
17.3
7.3
6.6
8.8
1.5
-5.4
IV
ill
13.5
17.0
14.2
.5
2.9
3.5
2.2
-15.4
-14.3
2.2
-5.8
8.1
1.3
24.0
3.8
-7.4
.5
7.2
-.1
-26.3
11.8
28.3
24.5
16.9
15.3
II
IV
III
16.7
19.4
17.8
15.1
21.6
23.9
13.3
14.8
73.3
-17.2
-19.8
9.3
6.4
7.3
4.6
36.2
2.1
13.1
15.0
26.5
13.6
14.8
8.3
22.3
23.6
2.5
1.9
-37.8
7.9
5.3
3.9
26.3
16.7
NOTE.-Percent changes in major aggregates are found in table 8.1 of the "Selected NIPA
Tables." Dollar levels are found in tables 4.2 and 4.4.
Table 6.—Real Government Purchases
Billions of 1987 dollars
Change from preceding quarter
Level
1991 :IV
Government purchases
W »«......«..•
[,«..V..V.WVW
Federal
National defense
Nondefense
Commodity Credit Corporation inventory change
Other
State and local
Structures
Other
I
II
6.6
369.6
268.9
100.8
9.1
7.4
1.7
3.6
-3.3
82.3
471.2
NOTE.—Percent changes in major aggregates are found in table 8.1 of the "Selected NIPA
Tables." Dollar levels are found in table 3.8B.
1991
1991
923.2
104.1
553.5
Percent change from preceding quarter
-1.9
-2.6
-4.5
1.9
i
-0.2
1.0
-2.4
3.4
1.1
4.5
10
-2.0
1.0
II
IV
III
IV
III
-8.2
-12.9
2.8
-8.2
-6.6
-1.6
-2.2
-14.9
-11.5
9.9
.6
-.1
1.4
15
-3.3
-3.2
.1
1.9
2.3
-.4
10.9
6.9
-0.1
1.0
-3.3
14.0
-7.3
-1.9
19.4
195
-9.6
1.6
-.7
.8
-3.4
-5.4
-8.1
-8.9
-5.9
-14.6
-15.4
-12.1
2.3
-.1
7.3
-1.3
.4
1.4
12.0
-.3
February 1992 •
SURVEY OF CURRENT BUSINESS
quarter after increasing 2.5 percent in the third
(table 7). This price index measures the prices
paid by U.S. residents, and it is derived from the
prices of PCE, gross private domestic investment,
and government purchases.
Prices of PCE increased 2.9 percent in the fourth
quarter, about as much as in the two preceding
quarters. Prices of most of the energy components of PCE increased in the fourth quarter after
decreasing in the third. Food prices increased a
little after a small decrease.
Prices of structures, both residential and nonresidential, decreased slightly after moderate increases.
Prices of nonresidential producers'
durable equipment increased faster in the fourth
quarter than in the third, but the increase was
still modest.
Prices of government purchases increased 2.0
percent, the same as in the third quarter.
The price index for GDP measures the prices
paid for goods and services produced in the
United States. It differs from the price index for
gross domestic purchases by including prices of
exports and excluding prices of imports. The GDP
price index increased 2.2 percent in the fourth
quarter after increasing 2.6 percent in the third.
Prices of both exports and imports swung up in
the fourth quarter.
the preliminary estimate was a o.3-percent decrease, and the advance estimate was a 1.6-percent
decrease (table 8).
The upward revision in GDP was smaller than
that in gross domestic purchases because of a sizable downward revision in net exports. Revisions
in net exports—that is, exports minus imports—
lead to revisions in GDP but not in gross domestic
purchases.
Real inventory investment was revised up $8.3
billion; the upward revision was more than
accounted for by nonfarm inventories, and it
primarily reflected the incorporation of newly
available data on December inventories of retail stores and merchant wholesalers. Personal
consumption expenditures was revised up $7.3
billion; about two-thirds of the revision was in
nondurable goods and largely reflected the incorporation of revised source data for November.
The largest downward revision, $9.3 billion, was
in net exports; exports were revised down and
imports up as a result of the incorporation of
revised merchandise trade data for November
and newly available merchandise trade data for
December. S
Table 8.—Revisions in Selected Real NIPA Components, Fourth Quarter
1991
Billions of
Revisions
1987
dollars
The preliminary estimate of real GDP growth in
the fourth quarter, 0.8 percent, is 0.5 percentage point higher than the advance estimate issued
last month, which was based on less complete
information. For real gross domestic purchases,
Preliminary
estimate
minus
advance
estimate
Gross domestic product
5.9
Less1. Exports of goods and services
[Percent change at annual rates; based on seasonally adjusted index
numbers (1987=100)]
19<)1
I
II
III
IV
Gross domestic product
5.4
3.3
2.6
2.2
Less1 Exports of goods and services
Plus. Imports of goods and services
46
-4
-24
28
36
Equdlsi Gross domestic purchases
-119
3.2
-7.7
2.4
-2.0
2.5
2.3
Less' Change in business inventories
Equals: Final sales to domestic purchasers ....
Personal consumption expenditures
Food
Enerov
other....:..:.:..:.:....:..:.:....:..: :.:..:;..:.:....:..:,
Nonresidential structures
Nonresidential producers' durable equipment ...
Residential investment
Government purchases
3.2
2.4
2.5
2.3
3.1
6.0
2.9
4.5
2.8
-.7
-33
4.0
24
.7
36
20
2.9
1.1
57
3.3
-9
1.8
-9
20
-236
5.1
17
2.9
2
45
-121
3.8
19
0
25
16
NOTE.—Percent changes in major aggregates are found in table 8.1 of the "Selected NIPA
Tables." Most index numbers are found in tables 7.1 and 7.3.
Advance
estimate
0.3
6.4
15.4
-2.0
£(ju3lK Gross domestic purchases
15.2
-1.6
Personal consumption expenditures
Durables
Nondurables
Services
7.3
-.2
4.7
2.8
-2.9
Plus" Imports of Qoods and services
Table 7.—Fixed-Weighted Price Indexes: Change From
Preceding Quarter
Percent change from
preceding quarter at
annual rates
Fixed investment
Nonresidential
Residential
Change in business inventories
Nonfarm
Farm
Government purchases
Federal
State and local
-1.7
-2.8
1.0
8.2
8.9
6
. .
1.3
-.6
1.8
-1.1
-5.8
-4.9
2.3
.8
-2.4
10.6
-5.9
14.1
.1
Preliminary
estimate
0.8
13.1
2.5
-.3
-.2
-6.0
-3.2
2.9
.2
-4.5
13.1
-5.4
-14.6
1.4
NOTE.—Preliminary estimates for the fourth quarter of 1991 incorporate the following revised or additional major source data that
were not available when the advance estimates were prepared a month ago.
Personal consumption expenditures. Revised retail sales for November and December, and consumers' share of new car
purchases for November.
Nonresidential fixed investment Construction put in place in November (revised) and December, revised manufacturers'
shipments of equipment for November and December, and business1 share of new car purchases for November.
Residential investment Construction put in place for November (revised) and December.
Change in business inventories: Manufacturing and trade inventories for November (revised) and December.
Net exports of goods and service: Merchandise exports and merchandise imports for November (revised) and December.
Government purchases of goods and services: Federal outlays for December, and State and local construction put in place for
November (revised) and December.
Wages and salaries: Revised employment, average hourly earnings, and average weekly hours for November and December.
GDP prices: Detailed merchandise export and import price indexes for October through December, values and quantities of
petroleum imports for December, and residential housing prices for the quarter.
8
SURVEY OF CURRENT BUSINESS
February 1992
NATIONAL INCOME AND PRODUCT ACCOUNTS
Selected NIPA Tables
New estimates in this issue: Fourth quarter and annual 1991, preliminary; fixed-weighted price indexes.
The selected set of national income and product accounts (NIPA) tables shown in this section presents
quarterly estimates, which are updated monthly. (In most tables, the annual estimates are also shown.) Fixedweighted price indexes are shown for the first time since the release of the comprehensive NIPA revision; indexes
are shown in tables 7.1-7.4, 7.6, and 7.9-7.12, and percent changes are shown in table 8.1. Alternative quantity
and price measures and a few series for tables 1.10 and 1.16 are not yet available; leaders are shown for these
parts.
The tables shown are available on the day of the gross domestic product (GDP) news release on printouts
and diskettes on a subscription basis or from the Commerce Department's Economic Bulletin Board. Most
shown in this section are available, beginning with 1959, on diskette or magnetic tape. For order information,
write to the National Income and Wealth Division (BE-54), Bureau of Economic Analysis, Washington, DC
20230, or call (202) 523-0669.
NOTE.—This section of the SURVEY is prepared by the National Income and Wealth Division and the
Government Division.
Table 1.1 .—Gross Domestic Product
Table 1.2.—Gross Domestic Product in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1990
1990
1991
III
Gross domestic
product
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm
Net exports of goods and
services
Exports
Imoorts
Government purchases
Federal . . .
National defense
Nondefense
State and local
1990
1991
IV
I
II
III
5,513.8 5,674.4 5,570.5 5,557.5 5,589.0 5652.6 5,709.2 5,746.7
3,742.6 38888 3,785.2 3,812.0 3,827.7 38685 3,916.4 3,942.4
451.9
440.7 440.0 452.9 446.9
465.9 445.1 467.1
1,217.7 1,252.5 1,228.4 1,246.4 1,246.3 1,252.9 1,257.4 1,253.4
2,059.0 2,191.1 2,089.6 2,113.6 2,140.7 2,175.6 2,206.1 2,242.2
802.6
727.4
821.8
750.9
709.3
708.8
740.9
750.5
802.7
587.0
198.7
744.9
549.7
174.7
807.7
596.3
201.7
787.4
585.2
191.2
748.4
560.0
184.0
745.8
554.6
180.0
744.5
546.8
169.0
740.8
537.4
165.9
388.3
215.7
375.0
195.2
394.7
211.4
394.0
202.2
375.9
188.4
374.7
191.2
377.8
197.7
371.5
203.4
-17.5
-14.1
35
14.1
-36.5
-28.9
76
-39.2
-35.0
-37.1
-34.0
-3.6
-3.2
-4.2
-3.1
-74.4
-29.4
-82.5
76.6
-36.8
-17.2
-37.3
-26.3
550.4
624.8
592.5
621.9
548.7
631.2
572.6
649.2
565.9
602.7
589.8
607.0
597.0
634.3
617.2
643.5
0
-2.0
2.0
9.6
4.4
-.4
445.0
323.5
121.6
642.6
424.7
311.1
113.6
621.4
434.5
320.6
113.9
636.7
451.5
332.3
119.2
637.3
452.1
328.4
123.7
640.4
444.9
322.3
122.6
644.2
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
9.7
15.9
-6.2
1,042.9 1,087.6 1,046.0 1,071.2 1,088.8 1,092.5 1,089.1 1,080.1
424.9
313.4
111.5
618.0
III
IV
431.6
311.0
120.6
648.5
Gross domestic
oroduct
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
Gross private domestic
investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Change in business
inventories
Nonfarm
Farm
Net exports of goods and
services
Exports
Imports
Government purchases
Federal
National defense
Nondefense
State and local
1991
1990
1991
IV
I
II
IV
III
4,884.9 4,849.9 4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,872.2
3,262.6 3,258.6 3,281.2 3,251.8 3,241.1 3,252.4 3,271.2 3,269.5
438.9 412.5 440.3 424.0 410.8 408.9 418.3 411.9
1,050.8 1,043.5 1,053.7 1,044.7 1,043.9 1,046.2 1,046.1 1,037.7
1,773.0 1,802.6 1,787.3 1,783.1 1,786.3 1,797.2 1,806.8 1,819.9
744.5
674.2
760.3
696.6
657.0
656.3
686.5
697.1
744.2
548.8
177.9
687.3
512.0
154.2
746.4
555.5
180.0
727.8
544.5
170.4
689.8
519.1
163.3
686.8
514.8
158.9
686.5
510.0
148.4
686.2
504.1
146.0
370.8
195.5
357.8
175.3
375.5
190.9
374.0
183.3
355.8
170.7
355.8
172.0
361.6
176.5
358.2
182.0
-13.1
-13.1
0
13.9
-31.2
-25.7
-30.4
-30.8
.4
-2.8
-5.5
-32.8
-31.1
1.7
-51.3
-19.9
-65.7
-31.2
-18.6
-12.3
-31.1
-17.6
505.7
557.0
538.9
558.8
501.6
567.4
522.5
553.7
512.5
531.1
535.7
548.0
545.2
576.3
562.2
579.8
929.1
937.0
927.5
937.9
944.5
944.3
936.1
923.2
380.9
281.3
384.6
281.4
103.2
552.4
378.4
278.0
100.4
549.1
382.6
282.0
100.6
555.3
391.7
289.4
102.3
552.7
392.7
287.0
105.7
551.7
384.5
280.4
104.1
551.6
369.6
268.9
100.8
553.5
.2
-1.5
1.7
99.6
548.2
9.9
4.0
.1
2.9
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
10.9
12.5
1.6
SURVEY OF CURRENT BUSINESS
Table 1.3.—Gross Domestic Product by Major Type of Product
February 1992
Table 1.4.—Gross Domestic Product by Major Type of Product
in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
SSeasonal y adjust*}d at anr ual rates5
1990
1990
1991
III
Gross domestic
product
Final sales of domestic
product
Change in business
inventories
Goods1
Final sales
Change in business
inventories
Durable goods
Rnal sales
Change in business
inventories
Nondurable goods
Rnal sales
Change in business
inventories .
Services *
Seasonally adjusted at annual rates
19 91
IV
I
II
IV
5,513.8 5,674.4 5,570.5 5,557.5 5,589.0 5,652.6 5,709.2 5,746.7
5,513.8 5,691.9 5,556.5 5,594.0 5,628.2 5,689.6 5,712.8 5,737.0
0
-175
141
-365
-392
-371
97
-36
2,167.6 2,194.1 2,195.6 2,158.0 2,169.4 2,186.1 2,210.5 2,210.3
21676 2211 6 2181 6 21945 22086 22232 22141 22005
o
-175
141
-365
-392
-371
-36
97
927.7
934.6
900.8
925.8
953.8
939.3
897.7
927.2
873.0
916.4
906.1
939.5
920.3
9294
904.1
-7.0
-24.9
14.5
-29.4
-43.5
-33.5
-9.2
-13.7
9178
1,239.9 1,293.2 1,241.8 1,260.2 1,296.4 1,280.1 1,290.3 1,306.2
1,233.0 1,285.8 1,242.3 1,267.3 1,292.1 1,283.7 1,284.7 1,282.8
69
74
-4
y-j
43
-36
234
56
2,834.0 3,013.2 2,864.8 2,905.5 2,951.7 2,999.0 3,035.1 3,067.1
512.2 467.1 510.1 494.0 467.9 467.4 4635 469.3
Structures
1991
1990
III
Gross domestic
product
1991
1990
III
IV
I
II
IV
III
4,884.9 4,849.9 4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,872.2
Final sales of domestic
product
Change in business
inventories
Goods1
4,884.7 4,863.0 4,889.4 4,886.3 4,856.8 4,871.2 4,862.6 4,861.3
10.9
.1
-31.2 -32.8 -30.4
13.9
.2 -13.1
1,958.0 1,929.5 1,968.5 1,928.6 1,917.0 1,922.0 1,940.5 1,938.4
1,957.8 1,942.5 1,954.6 1,959.8 1,949.8 1,952.4 1,940.4 1,927.5
Rnal sales
Change in business
inventories
Durable goods
Rnal sales
Change in business
inventories
.2
-13.1
13.9
-31.2
-32.8
-30.4
.1
886.2
892.9
849.7
872.4
905.4
892.3
857.5
884.8
827.0
866.4
852.8
883.3
865.5
873.9
853.4
866.1
-6.7
-22.7
13.1
-27.3
-39.4
-30.5
-8.4
-12.7
10.9
1,071.8 1,079.8 1,063.1 1,071.1 1,090.0 1,069.2 1,074.9 1,084.9
1,065.0 1,070.1 1,062.3 1,075.0 1,083.4 1,069.1 1,066.5 1,061.3
Nondurable goods
Rnal sales
Change in business
inventories
8.4
23.6
.1
9.7
6.6
.8 -3.9
6.9
2,464.8 2,504.7 2,476.3 2,481.8 2,487.6 2,502.7 2,511.8 2,516.7
Services]
Structures
462.0
415.7
458.5
444.6
419.4
416.1
410.4
417.1
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services.
NOTE.-Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.5.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers
Table 1.6.—Relation of Gross Domestic Product, Gross Domestic
Purchases, and Final Sales to Domestic Purchasers in Constant
Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Gross domestic product . . 5,513.8 5,674.4 5,570.5 5,557.5 55890 5,652.6 5,709.2 5,746.7
Gross domestic product
Less: Exports of goods and
services
Plus: Imports of goods and
services
Less: Exports of goods and
services
Plus: Imports of goods and
services
Equals: Gross
domestic
purchasesl
Less: Change in business
inventories
Equals: Rnal sales to 2
domestic purchasers
5504
5925
548.7
572.6
565.9
589.8
597.0
617.2
624.8
621.9
631.2
649.2
602.7
607.0
634.3
643.5
5,588.1 5,703.8 56530 5,634.0 5,625.8 56698 5,746.5 5,773.0
Equals: Gross domestic
purchases l
9.7
Less: Change in business
inventories
5,588.2 5,721.3 5,638.9 5,670.6 5,665.0 5,706.8 5,750.1 5,763.3
Equals: Final sales to
domestic purchasers2
0
-17.5
14.1
-36.5
-39.2
-37.1
-3.6
.
4,884.9 48499 4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,872.2
505.7
538.9
501.6
522.5
512.5
535.7
545.2
562.2
557.0
558.8
567.4
553.7
531.1
548.0
576.3
579.8
4,936.2 4,869.8 4,969.1 4,886.3 4,842.6 4,853.1 4,893.8 4,889.8
.2
-13.1
13.9
-31.2
-32.8
.1
-30.4
10.9
4,936.0 4,882.9 4,955.1 4,917.5 4,875.4 4,883.5 4,893.7 4,878.9
1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1. Purchases by U.S. residents of goods and services wherever produced.
2. Final sales to U.S. residents of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.7.—Gross Domestic Product by Sector
Table 1.8.—Gross Domestic Product by Sector in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Gross domestic
product
5,513.8 5,674.4 5,570.5 5,557.5 55890
4,699.4 4,805.1 4,748.7 4,722.3 4,734.7
Business
Nonfarm
4,605.6 4,705.0 4,634.8 4,640.4 4,640.1
Nonfarm less housing .... 4,155.8 4,232.1 4,179.5 4,180.6 4,175.7
Housing
449.8 472.9 455.3 459.8 464.3
80.4
85.7
79.8
85.7
76.6
Farm
2.1
28.2
19.6
18.0
8.1
Statistical discrepancy
56526 5,709.2 5,746.7
4,786.8 4,835.0 4,863.8
4,687.2 4,730.1 4,762.6
4,217.6 4,256.0 4,278.9
469.7 474.1 483.7
83.1
16.5
82.9
22.0
79.2
22.0
225.1
246.4
228.9
233.3
237.5
243.7
249.9
254.3
Private households
Nonprofit institutions
9.1
216.1
9.5
236.8
9.1
219.8
9.1
224.2
9.2
228.3
9.5
234.2
9.6
240.2
9.8
244.5
General government
589.2
622.9
592.9
601.9
616.8
622.0
624.3
628.6
Federal
State and local
1794
1888
1791
1894
1887
1884
409.8
434.1
413.8
181 0
420.9
427.4
433.2
435.9
188.6
440.0
Households and institutions
Addendum:
Gross domestic business
product less housing
4,245.1
Gross domestic
product
4,884.9 4,849.9 4,903.3
4,180.4 4,135.7 4,196.4
Business
Nonfarm
4101 9 40456 40999
Nonfarm less housing .... 3,711.3 3,650.9 3,708.4
Housina
3906 3948 391.5
71.7
71.4
73.2
Farm
24.9
Statistical discrepancy
7.2
16.9
195.7 202.1 197.2
Households and institutions
iiwwwiiig
4,855.1 4,824.0
4,145.1 4,111.4
4,071.2 4,024.6
3,678.3 3,631.2
392.9 393.4
4,840.7 4,862.7 4,872.2
4,126.4 4,148.6 4,156.6
4,040.1 4,055.6 4,062.3
3,645.9 3,660.4 3,666.1
394.2 395.2 396.3
1.9
71.1
15.7
72.1
14.3
74.1
18.9
75.4
18.8
72.0
197.9
198.8
201.1
203.1
205.4
8.6
187.1
8.5
193.6
8.5
188.7
8.4
189.4
8.4
190.4
8.6
192.6
8.6
194.5
8.6
196.8
General government
508.8
512.1
509.6
512.1
513.9
513.2
511.0
510.2
Federal
State and local
155.7
155.1
3569
155.3
3544
156.2
3560
157.0
3569
155.5
3577
154.4
356.6
153.6
356.6
Private households
Nonprofit institutions
Addendum:
Gross domestic business
product less housing
3531
37858
SURVEY OF CURRENT BUSINESS
1O • February 1992
Table 1.9.—Relation of Gross Domestic Product, Gross National
Product, Net National Product, National Income and Personal Income
[Billions of dollars]
Table 1.10.—Relation of Gross Domestic Product, Gross National
Product, Net National Product, and National Income in Constant
Dollars
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990
1990
1991
III
Gross domestic product
Plus: Receipts of factor
income from the rest of the
world '
Less: Payments of factor
income to the rest of the
world2
Equals: Gross national
oroduct
Less: Consumption of fixed
capital
Capital
consumption
allowances
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
Pius: Personal interest income
Personal dividend
income
Government transfer
payments to
persons
Business transfer
payments to
persons
Equals: Personal income
Addenda:
Net domestic product (1-5)
Domestic income (13-2+3)
Gross national income
(4-11)
Seasonally adjusted at annual rates
1991
IV
II
I
III
IV
147.7
145.4
158.3
147.9
131.6
132.0
137.0
139.1
132.6
125.2
123.5
121.0
DFOdlJCt
594.8
622.9
598.3
605.4
615.4
620.0
623.7
632.6
548.5
562.4
547.1
547.0
550.8
556.2
564.6
577.8
-46.2
4,929.8
-60.6
439.2
470.8
442.3
451.2
461.6
464.5
475.6
481.6
27.7
31.2
27.6
28.2
28.5
29.6
18.0
30.7
16.5
31.8
22.0
32.8
-5.2
10.8
8.1
4.8
.6
4,459.6
-51.2 -58.4 -64.5 -63.8 -59.1
4,978.5 4,977.8 4,996.3 5,040.6 5,096.4
2.1
2.7
1.9
-7.1
-54.8
4.9
4,475.2 4,506.8 4,489.8 4,530.8 4,559.8
319.0
490.1 "48l"5
299.8
491.8
296.1
506.4
302.1
492.6
303.5
481.6
306.1
480.1 "47l"8
501.7
527.3
505.8
509.3
522.9
525.7
529.5
531.3
.1
721.3
-.1
719.7
0
729.1
.2
736.9
.2
730.1
-.4
721.8
0
716.7
0
710.1
124.8
128.5
124.8
127.0
128.7
127.4
128.7
129.4
661.7
732.9
664.4
682.2
712.5
725.7
736.8
756.4
23.2
26.3
23.2
23.6
24.7
25.8
26.9
27.8
4,679.8 4,835.3 4,719.3 4,764.7 4,768.0 4,821.1 4,853.3 4,898.8
4,919.0 5,051.4 4,972.2 4,952.1 4,973.6 5,032.6 5,085.5 5,114.1
4,469.0 4,481.1 4,467.1 4,522.8 4,548.9
4,448.9
5,516.5
1991
IV
I
II
IV
III
4,884.9 4,849.9 4,903.3 4,855.1 4,824.0 4,840.7 4,862.7 4,872.2
Gross domestic product
Plus: Receipts of factor
income from the rest of the
111.4
137.4
126.8 111.8
world1
127.2
130.2
Less: Payments of factor
income to the rest of the
114.7
107.0 104.7
102.2
121.4
120.4
world2
Equals: Gross national
5,576.8 5,583.2 5,611.7 5,660.6 5,720.1
5,524.5
1990
1991
III
5,513.8 5,674.4 5,570.5 5,557.5 5,589.0 5,652.6 5,709.2 5,746.7
5,548.6 5,581.1 5,593.7 5,644.1 5,698.1
1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
1990
4,894.6
4,909.2 4,877.7 4,843.7 4,847.8 4,872.0
Less: Consumption of fixed
550.5 568.4 552.4
capital
4,356.7
Equals: Net national product 4,344.2
Less: Indirect business tax
and nontax liability plus
business transfer payments
less subsidies plus current
surplus of goverment
enterpris
7.2
24.9
Statistical discrepancy
Equals: National income
Addenda:
Net domestic product (1-5) 4,334.4 4,281.5 4,350.9
Domestic income (9-2+3) ..
Gross national income
(4-8)
4,887.5 4,843.5 4,884.4
556.7
561.9
565.3
569.0
577.3
4,321.0 4,281.8 4,282.5 4,303.0
1.9
15.7
14.3
18.9
4,298.3 4,262.0 4,275.4 4,293.7 4,294.8
4,875.9 4,828.2 4,833.7 4,853.2 4,858.9
of interest and dividends and reinvested earnings of foreign
1. Consists largely of receipts by U.S.
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
Table 1.11.—Command-Basis Gross National Product in Constant
Dollars
[Billions of 1987 dollars]
4,894.6
Gross national product
Less: Exports of goods and
services and receipts of
factor income from the rest
635.8
of the world
Pius: Command-basis exports
of goods and services and
receipts of factor income * . 620.8
Equals: Command-basis
gross national product .... 4,879.7
Addendum:
97.6
Terms of trade2
4,909.2 4,877.7 4,843.7 4,847.8 4,872.0
628.9
659.9
639.3
647.5
656.6
620.6
625.0
625.8
644.5
654.7
4,900.9 4,842.8 4,830.2 4,844.9 4,870.1
98.7
94.7
97.9
99.6
99.7
1. Exports of goods and services and receipts of factor income deflated F011 by the implicit price deflator for
imports of goods and services and payments of factor income.
2. Ratio of the implicit price deflator for exports of goods and services and receipts of factor income to the
corresponding implicit price deflator for imports 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.
SURVEY OF CURRENT BUSINESS
Table 1.14.—National Income by Type of Income
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
1990
1990
1991
III
National income
Compensation of employees
Wages and salaries
Government
Other
Supplements to wages and
salaries .. . .
Employer contributions
for social insurance ...
Other labor income
Proprietors' income with
IVA and CCAdj
Farm
Proprietors' income with
IVA
CCAdj
Nonfarm
Proprietors' income
IVA
CCAdj
Rental income of persons
with CCAdj
Rental income of persons ..
CCAdi
Corporate profits with IVA
and CCAdj
Corporate profits with IVA ..
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
IVA
„.
CCAdj
Net interest
Addenda:
Corporate profits after tax
with IVA and CCAdj
Net cash flow with IVA
and CAdj
Undistributed profits
with IVA and CCAdj
Consumption of fixed
capital
Less: IVA
Equals: Net cash flow ....
Seasonally adjusted at annual rates
1991
IV
I
II
III
1990
IV
1990
1991
III
4,459.6
3,290.3 3,388.3 3,325.3 3,340.0 3,342.9 3,377.4 3,405.3 3,427.6
551.4
580.0
555.4
561.6
571.8
577.2
582.9
587.9
277.3
274.0
289.3
290.6
279.1
276.3
281.7
279.9
287.5
284.2
288.7
288.5
290.2
292.8
290.9
297.0
373.2
379.8
368.8
373.9
364.2
380.0
382.5
392.5
42.5
35.1
32.4
41.2
32.8
39.6
32.0
36.1
50.3
-7.9
42.7
-7.6
40.2
-7.8
49.0
-7.8
40.5
47.1
77
39.6
76
76
-75
330.7
308.9
-.8
344.7
325.5
-.3
336.5
315.7
-.9
332.7
313.0
-.5
331.4
312.5
-.3
340.4
321.6
-.3
350.5
331.5
-.5
356.4
336.3
-.1
22.7
19.5
21.6
20.2
19.1
19.2
19.4
20.1
-14.2
-13.6
43.6
-12.8
-10.4
40.6
42.4
43.5
44.0
41.9
42.6
40.9
44.1
-53.4
-55.2
-53.9
-53.5
-53.8
-54.2
-55.1
-57.7
299.8
296.1
302.1
303.5
306.1
-12.9
319.0
-9.5
-11.9
-11.7
318.2
332.3
135.3
197.0
133.7
302.4
335.1
138.8
196.3
133.8
304.9
326.1
127.1
199.0
136.2
315.7
309.1
119.4
189.7
137.8
316.1
306.2
123.5
182.7
136.7
313.4
318.2
128.6
189.6
138.1
63.3
62.5
62.8
51.9
46.1
51.5
-4.8
-14.2
3.4
-32.6
-21.2
.8
-8.7
-2.7
-8.8
490.1
481.5
491.8
506.4
6.7
9.9
-12.6
-7.3
-1.2
492.6
481.6
480.1
471.8
161.0
169.0
182.7
180.0
177.5
415.4
394.7
405.4
425.1
426.5
423.9
49.9
27.2
32.8
45.0
43.4
39.4
367.5
-32.6
427.3
372.7
-21.2
426.7
380.1
6.7
418.4
383.2
9.9
416.6
428.7
383.6
3.4
1.9
-13.6
1836
365.5
-14.2
429.5
1991
IV
I
II
III
IV
4,475.2 4,506.8 4,489.8 4,530.8 4,559.8
2,738.9 2,808.3 2,769.9 2,778.3 2,771.1 2,800.2 2,822.4 2,839.7
514.0
540.5 517.7 525.4 536.0 540.1 541.8 544.2
2,224.9 2,267.8 2,252.2 2,253.0 2,235.1 2,260.1 2,280.6 2,295.5
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
February 1992 • 11
384.6
-4.8
386.5
1.9
Billions of dollars
Gross domestic
product of corporate
business
Consumption of fixed capital ..
Net domestic product
Indirect business tax and
nontax liability plus
business transfer
payments less subsid ....
Domestic income
Compensation of
employees
Wages and salaries ...
Supplements to wages
and salaries
Corporate profits with
IVA and CCAdj
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits
IVA
CCAdj
Net interest
Gross domestic
product of financial
corporate business ..
Gross domestic
product of
nonfinancial
corporate business ..
Consumption of fixed capital ..
Net domestic product
Indirect business tax and
nontax liability plus
business transfer
payments less subsid ....
Domestic income
Compensation of
employees
Wages and salaries ...
Supplements to wages
and salaries
Corporate profits with
IVA and CCAdj
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits
IVA
CCAdj
Net interest
3,280.9 3,345.1 3,298.6 3,291.6 3,295.7 3,333.7 3,364.1
365.5
383.6
367.5
372.7
383.2
380.1
384.6
386.5
2,915.5 2,961.5 2,931.1 2,919.0 2,915.6 2,950.5 2,979.6
307.2
331.2
309.8
315.4
325.9
324.0
335.6
339.1
2,608.3 2,630.4 2,621.3 2,603.5 2,591.6 2,624.6 2,643.9
2,186.8 2,231.1 2,215.6 2,215.9 2,202.4 2,223.9 2,242.8 2,255.3
1,833.3 1,868.0 1,857.2 1,857.2 1,844.0 1,862.3 1,877.7 1,887.9
367.4
353.5
363.1
358.4
358.7
358.4
361.5
258.8
272.1
135.3
136.8
116.7
240.8
246.1
124.3
121.8
123.1
243.1
278.4
138.8
139.6
113.3
223.3
253.3
127.1
126.3
126.8
227.5
234.5
119.4
115.1
120.7
241.7 1243.1
244.5 255.2
128.6
123.5
126.6
121.0
121.9 ; 124.0 "'i'26.0
20.1
-1.3
26.4
-.6
-21.2
-5.5
3.4
164.4
6.7
-13.6
161.7
-.9 i! 2.6
9.9 !! -4.8
-7.3
-12.6
159.0 i 158.1
i
277.5
283.9
289.8
-14.2
.8
162.7
-8.7
-2.7
-8.8
158.5
162.6
272.0
291.8
277.4
-32.6
365.1
1.9
-1.2
155.1
294.0
3,008.9 30533 3,021.2 3,014.2 3,011.8 3,043.9 $,070.1
327.3
342.9
328.9
333.1
339.6
342.5
343.8
345.5
2,681.6 2,710.4 2,692.4 2,681.1 2,672.2 2,701.4 2,726.3
285.5
307.9
288.0
293.2
301.3
303.0
312.2
315.2
2,396.1 2,402.5 2,404.3 2,387.9 2,370.9 2,398.5 2,414.1
2,023.3 2,052.8 2,046.0 2,043.8 2,028.0 2,046.1 2,063.5 2,073.5
1,694.5 1,716.7 1,713.1 1,710.9 1,696.0 1,711.5 1,725.5 1,733.6
328.8
336.1
332.9
332.8
332.0
334.7
338.0
224.3
232.5
204.3
203.4
209.4
239.1
193.3
216.9
194.4
194.4
206.4
202.4
205.5
211.7
96.1
83.7
99.1
89.0
79.9
83.6
87.2
136.4
112.2
119.7
116.5
140.0
109.5
127.9
119.9
114.5
114.1
118.9
115.3
124.5
117.3
30.5
8.0
-21.2
24.2
-14.2
5.9
148.5
3.2
3.4
-2.5
145.4
-32.6
2.9
149.0
.4
6.7
3.6
9.9
339.9
119.3
7.2
-2.4
-6.6
-5.9
-4.8
-1.4
150.9
148.4
145.9
145.1
1.9
3.9
142.3
Billions of 1987 dollars
Gross domestic
product of
nonfinancial
corporate business ..
Consumption of fixed capital ,
Net domestic product
Indirect business tax and
nontax liability plus
business transfer
payments less subsidies
Domestic income
2,717.4 2,690.7 2,710.4 2,697.6 2,668.1 2,682.1 2,699.0
303.0 312.3 303.9 305.7 309.1 311.3 313.6
2,414.4 2,378.4 2,406.5 2,391.8 2,359.0 2,370.7 2,385.4
CCAdj Capital consumption adjustment
IVA Inventory valuation adjustment
315.1
12 • February 1992
SURVEY OF CURRENT BUSINESS
Table 2.1 .—Persona! 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
1990
1991
1990
IV
III
Personal income
Wage and salary
disbursements . .
Commodity-producing
industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income with
inventory valuation and
capital consumption
adjustments
Farm .
Nonfarm
Rental income of persons
with capital
consumption
adjustment
Personal dividend income
Personal interest income
Transfer payments to
persons
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
Equals: Disposable personal
income
Less: Personal outlays
Personal consumption
expenditures
interest paid by persons ....
Personal transfer payments
to rest of the world (net)
Equals: Personal saving
Addenda:
Disposable personal
income:
Total, billions of 1987
dollars
Per capita:
Current dollars
1987 dollars
Population (mid-period,
millions)
Personal saving as
percentage of
disposable personal
income
Seasonally adjusted at annual rates
1991
II
I
IV
III
1990
1991
III
1991
IV
I
II
IV
III
4,679.8 4,835.3 4,719.3 4,764.7 4,768.0 4,821.1 4,853.3 4,898.8
2,738.9 2,808.4 2,769.8 2,778.2 2,770.9 2,800.6 2,822.4 2,839.7
745.4
555.8
634.6
845.0
514.0
738.7
556.4
641.2
887.9
540.6
751.2
560.4
640.4
860.6
517.7
745.2
557.3
639.0
868.8
525.2
733.4
549.3
635.1
866.5
535.8
735.2
552.3
642.0
883.0
540.5
742.3
559.9
644.0
894.4
541.8
744.1
564.3
643.8
907.7
544.2
274.0
290.6
276.3
279.9
284.2
288.5
292.8
297.0
373.2
379.8
368.8
373.9
364.2
380.0
382.5
392.5
42.5
35.1
32.4
41.2
32.8
39.6
32.0
36.1
330.7
344.7
336.5
332.7
331.4
340.4
350.5
356.4
-12.9
-12.8
-10.4
-9.5
-11.9
-11.7
-14.2
124.8
128.5
124.8
127.0
128.7
127.4
128.7
129.4
721.3
719.7
729.1
736.9
730.1
721.8
716.7
710.1
684.9
759.2
687.7
705.8
737.2
751.5
763.7
784.2
352.0
379.7
353.0
358.4
373.1
377.2
381.7
386.9
17.9
17.8
26.7
18.4
18.0
17.7
20.5
17.9
23.6
18.0
27.0
18.7
26.5
18.4
29.5
18.4
93.1
99.7
93.1
94.6
98.9
99.3
203.9
234.7
205.7
214.4
100.3
222.2
229.7
237.8
100.3
249.2
19.8
21.8
19.9
20.5
20.9
21.7
22.1
22.5
184.2
212.9
185.8
193.9
201.2
208.0
215.7
226.8
-13.6
Personal consumption
expenditures
Durable aoods .. .
Motor vehicles and parts ....
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other household
operation
Transportation
Medical care
Other
465.9
445.1
3,785.2
467.1
451.9
440.7
440.0
452.9
446,9
203.7
184.0
204.7
192.5
180.7
179.3
188.4
187.7
173.2
171.9
173.1
170.4
171.1
172.8
173.9
170.0
89.0
89.2
89.4
89.1
88.9
87.8
90.7
89.3
3,742.6 3,888.8
3,812.0 3,827.7 3,868.5 3,916.4 3,942,4
1,217.7 1,252.5 1,228.4 1,246.4 1,246.3 1,252.9 1,257.4 1,253.4
595.8
208.7
106.8
619.7
211.0
102.9
601.1
211.0
106.4
604.8
206.8
123.2
616.3
208.2
105.0
620.5
212.8
102.0
620.4
214.6
101.7
621.6
208.6
102.8
12.5
11.7
13.3
13.1
12.2
11.4
11.7
11.2
293.9
307.2
296.6
298.6
304.5
306.2
309.0
309.2
2,059.0 2,191.1 2,089.6 2,113.6 2,140.7 2,175.6 2,206.1 2,242.2
574.7
224.9
102.5
553.6
215.8
559.3
216.5
565.7
218.6
97.2
99.1
99.6
99.8
571.7
225.4
103.7
577.0
226.5
102.4
584.2
229.2
103.8
115.6
147.6
523.1
628.4
122.5
155.9
576.9
658.8
116.7
148.5
531.3
640.3
116.9
151.7
543.4
642.8
118.8
152.2
555.9
648.2
121.6
153.9
570.0
654.7
124.1
157.4
583.5
661.6
125.3
160.0
598.0
670.7
547.1
212.7
Table 2.3.—Personal Consumption Expenditures by Major Type of
Product in Constant Dollars
[Billions of 1987 dollars]
224.3
238.0
226.7
227.5
235.4
237.0
239.3
240.4
621.0
616.1
627.5
627.2
617.1
613.6
615.1
618.5
4,058.8 4,219.2 4,091.8 4,137.5 4,151.0 4,207.5 4,238.2 4,280.3
3,853.1 3,998.6 3,896.2 39225 3,938.4 3,978.7 4,025.7 4,051.8
3,742.6 3,888.8 3,785.2 3,812.0 3,827.7 3,868.5 3,916.4 3,942.4
107.1
106.3 106.3
107.7
107.5
107.6
107.5
106.8
2.9
3.0
3.3
2.9
3.1
3.1
2.9
3.0
205.8
220.6
195.6
215.0
212.6
228.8
212.5
228.6
3,538.3 3,535.5 3,547.0 3,529.5 3,514.8 3,537.4 3,539.9 3,549.7
16,236 16,698 16,344 16,479 16,492 16,678 16,752 16,869
14,154 13,992 14,168 14,058 13,965 14,022 13,992 13,990
250.0
252.7
250.3
251.1
251.7
252.3
253.0
253.7
5.1
5.2
4.8
5.2
5.1
5.4
5.0
5.3
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1990
Personal consumption
expenditures
Durable goods
Motor vehicles and parts ....
Furniture and household
equipment
Other . . .
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
..
Household operation
Electricity and gas
Other household
opearation
Transportation
Medical care
Other
3,262.6 3,258.6 3,281.2 3,251.8 3,241.1 3,252.4 3,271.2 3,269.5
438.9
412.5
440.3
424.0
410.8
408.9
418.3
411.9
191.4
167.8
192.9
179.8
166.7
164.2
170.9
169.4
170.6
170.5
170.5
168.0
168.9
171.1
172.5
169.5
769
742
76.9
76.2
75.1
73.6
74.9
73.0
1,050.8 1,043.5 1,053.7 1,044.7 1,043.9 1,046.2 1,046.1 1,037.7
5158
187.4
85.0
10.0
252.6
517.5
182.9
83.1
9.6
250.4
517.1
188.2
84.4
11.0
252.9
515.9
184.1
518.7
181.7
517.0
186.1
84.0
81.8
83.0
8.9
251.7
9.3
252.5
9.8
250.3
517.4
184.7
83.6
10.1
250.3
516.9
179.1
83.8
9.4
248.4
1,773.0 1,802.6 1,787.3 1,783.1 1,786.3 1,797.2 1,806.8 1,819.9
4745
202.1
478.9
206.4
475.4
206.3
476.9
203.7
477.3
201.7
478.3
207.1
479.4
208.0
480.7
208.8
92.2
94.3
94.9
93.5
91.7
95.6
95.2
94.8
109.9
129.0
424.3
543.0
112.1
128.3
439.5
549.4
111.4
129.6
427.7
548.2
110.2
128.7
429.6
544.3
110.0
127.0
432.9
547.5
111.5
127.9
436.9
547.1
112.9
128.9
441.7
548.9
114.0
129.5
446.7
554.1
SURVEY OF CURRENT BUSINESS
February 1992 • 13
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
1990
1990
1991
III
Receipts
Personal tax and nontax
receipts
Income taxes
Estate and gift taxes
Nontaxes
Corporate profits tax accruals
Federal Reserve banks
Other
Indirect business tax and
nontax accruals
Excise taxes
Customs duties
Nontaxes
Contributions for social
insurance . . .
Expenditures . .
Purchases
National defense
Nondefense
Transfer payments (net)
To persons
To rest of the world (net) ...
Grants-in-aid to State and
local governments
Net interest paid
Interest paid
To persons and business
To rest of the world (net)
Less: Interest received by
government
Subsidies less current surplus
of government enterprises .
Subsidies
Less: Current surplus of
government enterprises ..
Less: Wage accruals less
disbursements
Surplus or deficit (-),
national income and
product accounts
Social insurance funds
Other
Seasonally adjusted at annual rates
1990
1991
IV
II
I
III
482.2
469.7
470.4
458.4
486.6
474.7
485.5
474.0
473.9
462.1
468.8
457.2
469.9
457.0
469.0
457.3
11.6
11.0
11.1
10.7
10.9
10.6
11.8
10.7
.9
1.0
.8
.8
112.1
102.8
115.1
105.7
23.6
88.5
22.7
80.0
24.7
90.4
24.0
81.7
65.8
36.2
17.5
12.2
78.8
46.3
17.2
15.3
65.2
35.5
17.5
12.2
68.5
39.0
17.4
12.1
444.7
468.0
448.5
451.1
.9
1.0
1.0
99.0
23.3
75.7
102.0
106.2
22.6
79.5
23.0
83.2
78.2
46.6
16.6
15.0
77.1
46.4
16.1
14.6
78.7
46.0
17.1
15.6
464.1
466.3
469.9
1.1
81.2
46.1
18.9
16.2
471.4
1,270.1 1,320.4 1,265.1 1,304.4 1,261.6 1,321.0 1,334.8 1,364.1
424.9
313.4
111.5
445.0
323.5
121.6
424.7
311.1
113.6
434.5
320.6
113.9
451.5
332.3
119.2
452.1
328.4
123.7
444.9
322.3
122.6
431.6
311.0
120.6
510.8
498.2
510.7
498.4
523.8
511.1
12.3
12.7
457.5
535.3
-77.8
505.1
543.0
-37.9
534.9
547.4
-12.5
552.7
559.8
12.6
512.5
546.4
-33.8
132.2
152.8
131.2
137.3
143.7
151.0
153.3
163.3
177.5
209.2
171.4
188.4
220.1
181.3
183.7
213.4
175.3
177.7
216.5
177.4
185.7
217.4
178.2
189.7
220.3
181.2
187.9
220.4
181.4
190.4
222.3
184.4
37.9
38.8
38.1
39.1
39.3
39.1
39.0
38.0
31.8
31.7
29.7
38.8
31.7
30.6
32.5
31.9
24.7
27.5
21.5
27.8
14.8
17.8
31.2
33.0
23.4
28.6
22.7
29.7
13.9
20.6
26.0
32.4
-7.1
2.8
6.3
3.0
1.9
5.1
7.0
6.8
6.4
.1
-.1
0
.2
.2
-.4
0
0
-165.3 -200.5 -149.7 -193.6 -146.4 -206.7 -210.2
60.6
30.4
64.2
58.2
47.9
44.6
-225.9 -230.9 -213.9 -251.8 -194.4 -251.3
44.4
254.6
III
Receipts
1,104.8 1,119.9 1,115.4 1,110.7 1,115.2 1,114.3 1,124.6
-15.3
1990
1991
IV
Personal tax and nontax
receipts
Income taxes
Nontaxes
Other
Corporate profits tax accruals
Indirect business tax and
nontax accruals
Sales taxes
Property taxes
Other
Contributions for social
insurance
Federal grants-in-aid
Expenditures . .
Purchases
Compensation of
employees
Other
Transfer payments to persons
Net interest paid
Interest paid
Less: Interest received by
government
Less: Dividendsl received by
government
Subsidies less current surplus
of government enterprises .
Subsidies
Less: Current surplus of
government enterprises ..
Less: Wage accruals less
disbursements
Surplus or deficit (-),
national income and
product accounts
Social insurance funds
Other
1991
IV
I
II
III
IV
724.5
771.5
730.3
741.3
749.4
764.1
777.4
138.8
106.1
145.7
110.8
140.9
107.8
141.8
108.2
143.2
109.1
144.9
110.3
145.2
110.0
149.5
113.7
15.5
17.3
16.7
18.2
15.6
17.5
15.9
17.6
16.2
17.9
16.5
18.1
16.8
18.4
17.2
18.6
23.2
21.6
23.7
21.4
20.4
21.4
22.4
373.4
181.4
152.1
392.0
188.9
162.1
377.1
183.8
153.5
382.6
185.0
156.1
383.4
183.9
158.6
387.3
186.3
161.0
397.0
192.4
163.3
400.4
192.9
165.7
39.8
41.0
39.8
41.5
40.9
40.0
41.2
41.8
57.0
59.4
57.4
58.2
58.8
59.4
59.6
59.9
132.2
152.8
131.2
137.3
143.7
151.0
153.3
163.3
698.8
741.9
704.2
723.3
729.0
736.5
745.6
756.4
618.0
642.6
621.4
636.7
637.3
640.4
644.2
648.5
409.8
208.2
434.1
208.5
413.8
207.6
420.9
215.7
427.4
209.9
433.2
207.2
435.9
208.3
440.0
208.5
163.5
186.5
166.0
171.0
177.2
182.7
189.4
196.6
-53.7
-57.1
-54.1
-54.8
-55.7
-56.7
-57.6
-58.4
61.1
64.5
61.6
62.4
63.2
64.0
64.9
65.8
114.9
121.6
115.7
117.2
118.9
120.7
122.5
124.2
9.0
9.2
9.0
9.2
9.1
9.2
9.4
9.1
-20.0
-20.9
-20.0
-20.4
-20.8
-20.8
-21.0
-21.1
20.3
21.3
20.4
20.8
21.1
21.2
21.4
21.5
0
0
0
0
0
0
0
0
25.7
29.6
26.1
18.0
20.4
27.6
31.8
63.8
65.3
64.2
64.9
65.0
65.6
65.6
-38.1
-35.7
-38.2
-46.9
-44.7
-38.0
-33.8
65.1
SURVEY OF CURRENT BUSINESS
14 • February 1992
Table 3.7B—Government Purchases by Type
Table 3.8B.—Government Purchases by Type in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
S easonall y adjuste d at ann ual rates
1990
19 90
1991
Government purchases
Federal
National defense
Durable goods
Nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Structures
Nondefense
Durable goods
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of
employees
Other services
Structures
I
IV
III
S easonall y adjuste d at annual rates
19 31
II
1990
III
IV
323.5
311.1
320.6
332.3
85.9
12.7
87.5
12.0
87.5
18.6
91.5
14.8
2084
89.7
13.0
2160
2053
2087
2208
124.5
131.7
124.4
126.2
132.6
82.7
41.8
83.9
87.2
82.5
83.9
88.5
444
419
422
441
84.3
80.9
82.5
88.2
328.4
93.9
11.2
2179
322.3
311.0
88.6
12.4
2170
84.9
13.5
2083
131.8
87.4
444
131.3
131.0
86.7
86.1
85.7
86.3
44.6
77.4
6.4
4.8
6.4
5.8
5.1
5.4
111.5
5.7
5.1
121.6
5.9
6.1
113.6
5.8
6.7
113.9
6.0
5.4
119.2
5.7
8.5
123.7
6.3
8.6
.4
5.7
-.1
6.8
-.8
6.2
3.3
5.2
1.9
6.6
-1.7
6.8
446
4.3
1226
6.0
5.1
-.5
5.6
4.3
1206
5.7
2.4
-3.1
92.5
99.6
93.0
94.3
96.9
98.8
1014
5.4
101.4
54.9
37.6
57.1
42.5
54.7
38.3
54.8
39.5
56.8
40.1
56.9
41.9
10.1
57.1
44.3
10.1
57.7
43.8
11.1
8.2
9.9
8.0
8.2
8.1
618.0
642.6
621.4
636.7
637.3
640.4
644.2
648.5
33.7
54.9
35.7
55.2
34.1
55.2
34.7
58.2
35.3
56.1
35.6
55.0
35.7
55.1
36.0
54.7
439.2
462.5
442.6
450.4
457.1
462.3
464.2
466.5
409.8
434.1
413.8
420.9
28.4
89.2
28.8
89.5
29.5
93.4
433.2
291
435.9
283
440.0
29.4
90.1
427.4
296
88.9
87.6
89.2
26.6
91.2
Government purchases
Federal
National defense
Durable goods
Nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Structures
Nondefense
Durable goods
Nondurable goods
Commodity Credit
Corporation
inventory change ...
Other nondurables
Services
Compensation of
employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of
employees . . . .
Other services
Structures
19 31
I
IV
III
1,042.9 1,087.6 1,046.0 1,071.2 1,088.8 1,092.5 1,089.1 1,080.1
424.9 445.0 424.7 434.5 451.5 452.1 444.9 431.6
313.4
19 90
1991
II
III
IV
929.1
937.0
927.5
937.9
944.5
944.3
936.1
923.2
380.9
384.6
378.4
382.6
391.7
392.7
384.5
369.6
281.3
805
9.9
281.4
825
278.0
809
9.8
181.9
282.0
81 2
289.4
837
287.0
863
280.4
817
268.9
12.2
1837
12.1
1897
10.2
1864
11.2
78.2
11.8
184.4
175.5
107.9
109.1
110.2
108.9
107.9
106.8
71.7
36.1
74.0
72.9
36.1
74.6
74.0
36.2
79.5
72.7
36.2
77.5
71.7
36.2
76.6
70.8
36,0
68,7
1854
11.3
1840
1081
72.1
36.1
77.3
1084
72.3
36.1
75.6
55
36
5.5
49
39
42
3.1
3.4
99.6
103.2
56
5.4
100.4
5.5
6.1
100.6
5.9
5.3
102.3
5.4
7.6
105.7
5.9
7.9
104.1
5.7
4.8
100.8
5.5
1.5
.5
4.9
0
6,1
-.4
5.8
3.2
4.4
2.1
5.8
-.1
4.8
55
5.1
-1.0
6.2
83.5
81.6
82.1
82.0
83.0
84.7
84.0
47.6
33.9
46.7
36.8
47.4
34.2
47.1
35.0
46.8
35.2
46.6
36.4
46.6
38.2
46.8
37.2
7.4
8.7
7.2
7.4
7.2
8.9
8.9
9.8
548.2
552.4
549.1
555.3
552.7
551.7
551.6
553.5
31.2
47.5
32.1
47.9
31.4
47.6
31.7
48.0
31.9
48.0
32.1
48.0
32.2
47.8
32.2
47.6
387.2
392.1
388.5
390.5
392.1
392.9
391.6
391.5
3569
354.4
356.0
356.9
357.7
356.6
356.6
35.1
80.4
34.1
81.6
34.6
85.1
35.3
80.6
35.2
78.6
35.1
80.0
34.9
82.3
3531
34.1
82.4
Table 3.11.—National Defense Purchases in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
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 support1
Weapons support23
Personnel support
Transportation of
material
Travel of persons
Other
Structures
Military facilities
Other
313.4
3235
311.1
320.6
332.3
328.4
322.3
311.0
281.3
281.4
278.0
282.0
289.4
287.0
280.4
268.9
85.9
79.3
30.6
89.7
87.5
87.5
91.5
93.9
88.6
84.9
Durable goods
80.5
82.5
80.9
81.2
83.7
86.3
81.7
78.2
77.9
26.7
80.6
31.7
16.8
11.9
83.3
32.2
17.1
14.1
78.7
82.3
76.5
275
272
266
18.1
11.5
16.1
12.6
16.1
12.1
73.9
25.8
16.1
12.2
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods
Nondurable goods
74.8
28.4
15.8
11.4
72.4
25.0
16.6
10.4
75.1
29.0
16.5
10.8
77.6
30.0
16.7
12.7
72.7
25.7
17.2
10.1
76.4
25.1
16.4
10.8
71.4
25.2
16.2
10.4
68.9
24.0
16.7
10.4
154
166
12.5
12.1
4.7
7.3
8.8
6.6
12.7
4.3
6.6
11.5
11.9
13.0
4.8
7.4
8.0
6.8
12.0
6.2
3.1
3.4
5.3
4.1
3.6
5.0
3.6
3.4
208.4
216.0
205.3
827
131 7
872
41.8
83.9
44.4
84.3
1245
28.7
23.7
9.6
13.5
26.2
23.5
11.2
12.0
1244
825
41.9
80.9
28.6
20.9
9.4
13.5
4.4
7.7
7.8
4.2
18.6
4.1
6.9
4.5
6.1
3.4
6.1
10.6
12.9
14.0
11.6
11.1
12.1
10.4
10.9
14.8
11.2
12.4
13.5
3.5
3.6
6.5
4.9
3.4
208.7
220.8
11.5
5.1
7.4
4.0
3.8
3.4
217.9
5.5
3.4
3.6
5.1
4.4
3.9
217.0
208.3
126.2
132.6
131.8
131.3
131.0
83.9
42.2
82.5
88.5
44.1
88.2
87.4
44.4
86.1
86.7
44.6
85.7
86.3
44.6
77.4
26.0
24.7
11.1
13.0
27.4
21.3
11.4
12.7
26.7
25.7
11.1
12.4
24.6
26.8
23.4
8.5
13.8
5.6
5.5
222
11.3
10.0
5.0
5.0
-.8
4.9
4.0
-.6
6.5
5.7
-7
5.2
4.2
-.8
6.3
4.4
-.6
7.6
6.2
-.4
7.6
6.1
-.5
6.4
4.8
6.4
5.8
5.1
5.4
4.3
4.3
3.7
2.7
2.3
2.5
3.7
2.7
3.0
2.8
2.5
2.7
2.8
2.5
1.8
2.4
1.9
2.4
-1.3
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and development.
3. Includes compensation of foreign personnel, consulting, training, and education.
National defense
purchases .
4.7
81.5
Table 3.10.—National Defense Purchases
National defense
purchases
-3.3
Petroleum products
Ammunition
Other nondurable goods ....
Services
Compensation of
employees
Military
Civilian
Other services
Contractual research and
development
Installation support1
Weapons support2
Personnel support3
Transportation of
material
Travel of persons
Other
Structures
Military facilities
Other
4.4
6.9
7.9
5.8
9.9
3.9
6.5
9.4
4.1
5.8
9.7
10.1
10.1
4.5
7.0
7.2
5.8
4.1
7.2
6.9
3.6
11.0
11.3
9.8
12.2
12.1
3.5
3.2
3.1
5.7
3.2
3.2
4.2
4.8
3.1
3.3
3.7
3.2
4.3
3.5
3.3
40
6.2
4.8
6.9
12.4
9.8
10.2
10.3
11.2
3.0
5.7
9.1
9.3
11.8
3.7
4.4
3.6
4.0
2.8
3.0
3.9
4.1
3.3
185.4
184.0
181.9
183.7
189.7
186.4
184.4
175.5
108.1
108.4
107.9
109.1
110.2
108.9
107.9
106.8
72.1
36.1
77.3
72.3
36.1
71.7
36.1
74.0
72.9
36.1
74.6
74.0
36.2
79.5
72.7
36.2
77.5
71.7
36.2
76.6
70.8
36.0
68.7
26.8
18.5
24.9
20.5
24.0
21.8
10.0
10.6
25.1
19.0
10.2
10.1
24.2
22.6
22.5
19.5
27.0
21.4
8.9
11.5
756
24.0
20.7
10.0
9.6
8.6
11.4
7.7
11.3
9.9
9.9
9.8
7.8
5.9
5.1
5.1
4.7
-.6
5.3
3.8
-.5
6.6
5.2
-.6
5.6
3.8
-.7
6.7
4.0
-.5
7.9
5.5
-.3
7.7
5.7
-.4
5.5
3.6
5.5
4.9
3.9
4.2
3.1
3.4
3.4
21
2.0
1.6
3.4
2.1
2.8
2.1
2.3
1.6
2.6
1.6
1.6
15
1.7
1.7
-1.0
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
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.
SURVEY OF CURRENT BUSINESS
February 1992 • 15
Table 4.1.—Foreign Transactions in the National Income and Product
Accounts
Table 4.2.—Exports and Imports of Goods and Services and
Receipts and Payments of Factor Income in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Secisonally adjusteid at armual rates
1990
III
Receipts from rest of the world
Exports of goods and services
Merchandise l
Durable
Nondurable
Servicesl
2
Receipts of factor income
Capital grants received by the United
States (net)
Payments to rest of the world ...
698.2
550.4
398.2
262.6
135.6
152.2
IV
I
II
1990
III
1454
1583
1479
0
o
o
0
698.2
5970 617.2
427.3 443.2
287.2 295.8
1401
1697
1474
1740
131 6 1320
0
o
o
694.1 730.9 713.8 721.4 728.9
Imports of goods
and services
Merchandise l
Durable
Nondurable
Services '
624.8 621.9 631.2 649.2 602.7 607.0 634.3 643.5
507.4 500.7 511.8 525.0 485.4 488.3 511.1 518.2
314.3 316.2 319.1 320.0 304.6 3048 3257 3297
Payments of factor income3
137.0
Transfer payments (net)
From persons (net)
From government (net)
From business
Net foreign investment
1931
1845
1927
2051
1807
117.4 121.1 119.4 124.1 117.3
1835
1187
1854
1232
1886
1253
139.1 132.6 125.2 123,5 121.0
200 -259
2.9
3.0
12.6 -33.8
4.5
4.9
-83.6
199
3.3
123
4.3
-96.1
204 -698 -300 -47
2.9
3.1
3.1
2.9
12.7 -77.8 -37.9 -12.5
4.9
4.9
4.9
4.9
-71.3
55.7
20.8
1991
IV
694.1 730.9 713.8 721.4 728.9
548.7 572.6 565.9 589.8
395.0 410.0 412.3 426.7
262.4 266.2 265.2 287.3
1326 143.8 147.2 139.5
1651 1537 1626 1535 163.1
592.5
427.4
283.9
143.5
1477
0
1991
1990
1991
Seasonally adjusted at annual rates
505.7
369.4
249.3
120.1
136.2
Exports of goods and services
Merchandise l
Durable
Nondurable . .
Servicesl
1991
1990
III
IV
I
II
III
IV
538.9
397.6
269.0
128.7
141.3
501.6
365.1
248.6
116.5
136.5
522.5
379.4
254.5
124.9
143.1
512.5
379.9
251.2
128.7
132.6
535.7
395.8
271.0
124.8
139.9
545.2
400.3
272.8
127.6
144.8
562.2
414.5
280.9
133.6
147.7
567.4
467.9
296.4
171.5
Receipts of factor income2
130.2
Imports of goods and services
Merchandise1
Durable
Nondurable
Services l
557.0
458.5
290.0
168.4
558.8
460.2
293.5
166.7
98.5
98.7
Payments of factor income3
120.4
127.2 137.4 126.8 111.8
553.7
453.0
293.0
160.0
99.5 100.7
531.1
435.9
278.9
156.9
95.3
111.4
576.3
475.7
304.8
170.9
96.8 100.6
548.0
451.2
283.2
168.0
579.8
477.9
307.1
170.8
101.9
121.4 114.7 107.0 104.7 102.2
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
8
3.0
-7.1
4.9
-21.8
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
Table 4.3.—Exports and Imports of Merchandise by End-Use Category
Table 4.4.—Exports and Imports of Merchandise by End-Use Category
in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Exports of merchandise
398.2 427.4 395.0 410.0 412.3 426.7 427.3 443.2
Foods, feeds, and beverages
35.3
Industrial supplies and materials
102.0
35.7
Durable goods
Nondurable goods
66.3
153.3
Capital goods, except automotive
Civilian aircraft, engines, and parts ... 32.2
Computers, peripherals, and parts .... 25.9
Other
95.2
36.5
Automotive vehicles, engines, and parts
42.8
Consumer goods, except automotive
Durable goods
22.9
19.9
Nondurable goods
Other
284
14.2
Durable goods
142
Nondurable goods
507.4
Imports of merchandise
Foods feeds and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Addenda:
Exports of agricultural products l
Exports of nonagricultural products ...
Imports of nonpetroleum products
1. Includes parts of line 2 and line 5.
267
36.9
34.1
32.5
36.4
34.5
37.0
39.6
106.3 100.6 110.2 109.8 106.7 103.9 105.0
37.3
69.1
35.5
65.1
37.0
73.2
36.5
36.6
27.3
40.6
45.9
31.6
26.5
94.6
37.7
42.3
30.8
27.3
97.7
34.2
45.9
38.1
68.6
38.0
38.9
27.3
35.6
26.7
36.5
RS9 635
733
166.9 152.6 155.0 155.8 170.5 165.7 175.5
?37
??7
22.2
19.6
30.8
26.2
98.0
35.4
45.3
23.0
22.3
308
276
15.4
13.8
103.1
41.0
27.9
104.4 103.5 106.6
40.3
44.5
44.9
44.8
43.0
48.5
?3?
?51
?34
31 6
15.8
21.3
31 7
?3fi
??3
302
301
?31
?17
31 1
15.8
15.1
15.1
15.5
15.1
155 158
158 15.1
500.7 511.8 525.0 485.4 488.3 511.1 518.2
154
138
265
258
260
25.6
27.9
26.3
26.3
75 R 76? 73?
78.7
74.2
76.1
78.3
390 36.6 39.7 39.5 35.9 36.2 36.9 37.6
387 395 385 392 38.3 397 39.3 40.6
623 51 3 61 8 72.8 52.9 51.7 52.0 48.5
116.0 121.6 115.8 120.2 119.3 121.1 122.6 123.4
11.7
11.2
12.4
12.5
9.7 12.6
10.5
11.9
77.6
23.0
a? 5
87.7
26.1
83.5
85.5
23.0
83.0
90.7
23.3
84.2
86.5
24.2
26.0
27.6
839
a? 7 a? 5
82.1
78.7
92.1
26.7
R51
89.0
105.3 108.0 106.9 107.2 100.5 100.3 110.5 120.6
55.7
566 57.0 52.0 5? 5 534 B35
56.6
485 47 a 5?1 571
50.3
50.2
49.6
51.4
319
3? 5 334 310 3? 7 314 3? 3
318
16.2
16.4
15.7
15.5
159 159 162 16.7
164 157 16?
16.7
16.2
15.5
15.9
15.9
40.2
40.6
39.2
37.7
39.8
38.2
40.6
43.7
358.0 386.8 355.8 372.3 372.6 388.5 386.7 399.5
445.1 449.5 449.9 452.2 432.5 436.6 459.1 469.8
Exports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods . . .
Nondurable goods
Other
Durable goods
Nondurable aoods
Imports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Addenda:
Exports of agricultural products l
Exports of nonagricultural products ...
Imports of nonpetroleum products
1.Includes parts of line 2 and line 5.
369.4 397.6 365.1 379.4 379.9 395.8 400.3 414.5
30.7
32.4
29.0
29.5
32.1
30.4
32.8
34.3
901
959
3? 5
884
307
943
330
951
313
959
33?
954
334
971
3??
63.4
57.7
61.3
63.9
31.3
58.8
62.6
62.0
64.9
149.8 164.7 149.2 151.8 153.8 167.0 164.4 173.6
29.7
42.0
9?,6
40.3
39.8
20.9
18.9
34.1
45.6
?ai
134
?77
139
13.4
13.8
28.3
33.9
30.8
41.6
27.5
34.8
26.6
35.7
26.5
38.7
33.0
40.1
876
9??
869
896
886
938
34.0
39.3
21.5
17.8
36.5
40.8
33.7
40.0
22.6
17.4
24.8
34.2
41.4
21.4
20.0
28.1
31.1
41.0
21.7
19.3
26.8
36.4
39.3
20.9
18.4
26.8
124
141
134
12.4
14.1
13.4
216
19.2
255
128
274
137
12.8
13.7
939
38.3
43.1
??a
20.3
14.1
14.1
458.5 460.2 467.9 453.0 435.9 451.2 475.7 477.9
?5fi ?4? ?45
23.9
24.4
24.5
24.6
25.5
67.4
62.4
65.5
67.4
33 3
?99
309
3? 3
331
34.1
32.5
34.6
35.1
36.3
66.4
32.6
33.8
51.5
66.2
31.5
34.6
48.6
67.1
33.0
34.1
54.7
30.1
74.8
79.1
93.3
30.1
75.3
83.4
95.3
43.4
28.6
38.7
73.8
75.0
95.2
50.3
44.8
28.2
43.7
31.5
74.6
77.4
93.9
50.5
43.5
143
141
?9?
146
14.3
14.1
35.4
35.9
69.4
431 448 514 519 461
114.0 122.5 113.8 117.0 116.9 121.6 125.2 126.5
9.7
9.6 10.6 10.4
8.5 10.9
9.2 10.1
500
33.9
73.4
72.7
87.9
37.5
41.7
735
730
753
69.3
88.8
81.0
98.1
77.1
?96
148
458
4?1
?7?
136
469
419
?90
5? 4
457
?aO
14.5
14.0
14.3
14.6
14.8
13.6
145
140
143
34.2
34.4
35.0
33.6
36.3
38.5
516
41.5
105.9
563
496
?85
334.0 361.8 330.9 345.0 344.9 362.2 364.1 375.9
407.0 411.6 413.1 409.9 391.0 399.8 423.8 431.9
l6 • February 1992
SURVEY OF CURRENT BUSINESS
Table 5.1 .—Gross Saving and Investment
[Billions of dollars]
£Jeasonal y adjustc>d at ann ual rates
1990
1990
1991
IV
III
Gross saving
Gross private saving
Personal saving
Undistributed corporate
profits with inventory
valuation and capital
consumption adjus
Undistributed profits
Inventory valuation
adjustment
Capital consumption
adjustment
Corporate consumption of
fixed capital
Noncorporate consumption
of fixed capital
Wage accruals less
disbursements
Government surplus or
deficit (-), national
income and product
accounts
Federal
State and local
Capital grants received by
the United States (net)
Gross investment
Gross private domestic
investment
Net foreign investment
Statistical discrepancy
710.9
19 31
I
II
III
IV
697.5
677.5
746.9
713.1
697.2
850.4
821.1
205.8 '"2201 195.6
853.1
215.0
873.0
212.6
892.1
228.8
875.5
212.5 "'228l6
27.2
62.5
32.8
62.8
45.0
51.9
43.4
46.1
49.9
63.3
39.4
51.5
-14.2
3.4
-32.6
-21.2
6.7
9.9
-4.8
.8
-8.7
-2.7
-8.8
-13.6
-12.6
-7.3
365.5
383.6
367.5
372.7
380.1
383.2
384.6
386.5
229.3
239.3
230.8
232.7
235.3
236.8
239.1
246.1
0
0
0
0
0
0
0
0
1.9
-1.2
-139.5 -170.9 -123.6 -175.6 -126.1 -179.1 -178.4
-1653 -2005 1497 -193.6 -1464 -206.7 -2102
25.7
29.6
26.1
18.0
20.4
27.6
31.8
0
0
0
0
0
0
719.0
735.8
725.7
679.6
764.9
729.6
719.1
729.4
802.6
-83.6
727.4
8.4
821.8
-96.1
750.9
-71.3
709.3
708.8
55.7
20.8
740.9
21 8
750.5
-21.1
18.0
16.5
22.0
0
0
8.1
28.2
2.1
Table 5.4.—Fixed Investment by Type
Table 5.5.—Fixed Investment by Type In Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seeisonally adjuste datan nualra es
Secisonally adjuste datannual rates
1990
III
Fixed investment
Nonresidential
. .
Structures
Nonresidential buildings, including
farm
.
Utilities
Mining exploration, shafts, and
wells
Other structures
Producers' durable equipment
Information processing and related
equipment
Computers and peripheral
eouiDment
Other!.
Industrial equipment
Transportation and related
eauioment
Other..
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable equipment
IV
I
II
1990
III
198.7
174.7
201.7 191.2 184.0
1482
30.4
1246
31.7
1509
30.6
1407
31.7
11.0
10.4
9.5
8.8
11.3
8.8
9.1
8.4
180.0
134.2 128.6
31.4
31.9
10.3
10.0
8.2
9.5
169.0
165.9
119.0 116.7
318 31.9
9.2
9.1
8.6
8.7
388.3 375.0 394.7 394.0 375.9 374.7 377.8 371.5
1292
1318
1280
1328
1299
129.5
132.3
135.5
37.3
91.9
91.6
37.7
36.1
36.6
36.7
37.6
941
919
933
9? R
946
83.9
90.4
38.7
94.1
92.2
835
847
84.0
74.6
91.6
84.6
83.6
85.4
87.4
84.0
82.0
39.8
95.7
82.1
8?1
855
756
89?
743
81.8
72.2
76.5
215.7 195.2 211.4 2022 188.4
191.2 197.7
203.4
208.8 188.5 204.5 195.4 181.7 184.4 1909 196.8
108.7 95.8 105.5 98.2
87.5
88.9 100.9 105.9
193 152 190 185 175 155 141 139
80.0
75.9
77.1
808 77.4
76.8
800 78.8
6.9
6.7
6.9
6.8
6.7
6.8
6.8
6.6
III
Rxed investment
Nonresidential
Structures
Nonresidential buildings, including
farm
Utilities
Mining exploration, shafts, and
wells
Other structures
Producers' durable equipment
Information processing and related
equipment
Computers and
peripheral
eauioment l
Other
Industrial equipment
Transportation and related
eauioment
Other
Residential
Structures
. .
Single family
Multifamily
Other structures
Producers' durable equipment
19 31
19 90
1991
IV
802.7 744.9 807.7 787.4 748.4 745.8 744.5 740.8
587.0 549.7 596.3 585.2 560.0 554.6 546.8 537.4
1. Includes new computers and peripheral equipment only.
19 91
1990
1991
IV
1
II
III
IV
744.2 687.3 746.4 727.8 689.8 686.8 686.5 686.2
548,8 512.0
544.5 519.1 514.8 510.0 504.1
177.9
154.2
180.0
170.4
163.3 158.9
148.4
146.0
1336
26.8
111.0
1353
27.0
1?6?
27.9
120.1
1055
1036
27.5
9.5
80
7.8
7.9
9.3
83
8.7
7.6
27.4
8.5
7.3
1147
?76
?74
?75
8.2
8.4
7.5
8.1
7.1
7.8
370.8 357.8 375.5 374.0 355.8 355.8 361.6
358.2
141.8
1546
1371
1463
135?
1404
1419
488
883
R09
57?
891
71?
46 9
882
795
5?1
897
798
516
887
747
769
759
747
657
845
764
761
76?
730
677
757
667
539
589
88.0
89.5
90.2
716
695
691
785
65?
715
630
17? 0 1765
195.5
175.3
1909
W33 1707
188.9
168.8
184.3
176.9
164.3
165.4
98.1
17.4
86.4
13.7
68.8
94.7
17.0
88.8
16.6
71.4
79.5
15.8
69.0
80.6
13.9
734
6.6
1. Includes new computers and peripheral equipment only.
6.5
7? 5
6.6
6.5
6.4
1484
643
18? 0
170.0 175.6
905 950
12.5
12.4
709
669
683
6.6
6.5
6.4
SURVEY OF CURRENT BUSINESS
Table 5.10.—Change in Business Inventories by Industry
February 1992 • 17
Table 5.11.—Change in Business Inventories by Industry in Constant
Dollars
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990
1990
1991
III
Change in business inventories
Farm
Nonfarm
Change in book value
Inventory valuation adjustment
Manufacturing
Durable goods
Nondurable goods .
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable Goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Durable goods
Nondurable goods
IV
0 -17.5 14.1
2.0 -3.5
4.4
-2.0 -14.1
9.6
19.2 -18.2
60.7
4.1 -51.1
-21.3
-1.7
6.7
-7.6
-3.1 -10.9
4.6
1.4
2.2
3.3
3.4
.4
2.3
2.0
1 6 5.0
1.4
2.0 -2.7
2.2
.8
.9
2.2
5.2
15
-.1
2.3 -4.3
-.4
1.3
1.3
2
2
0
i!s -.3 1.6
-7.4
-4.2
1.2
-6.4 -8.8
5.0
-6.4 -8.1
6.1
0
-.7 -1.1
-1.1
4.5 -3.8
3.6 -2.6
-.6
-.1
.5 -3.7
3.1
1.1 -.5
Seasonally adjusted at annual rates
1990
1991
II
I
-4.2
-7.6
9.7
-3.6
4
-3.1
-28.9 -35.0 -34.0
-.4 -47.8 -45.1
-28.5 12.8 11.2
162
.5 -15.8
152
108 -8.8
5
-5.4
9.3
-3.2
-14.8
-14.3
6
-2.0
-4.4
1.6
-.9
2.5
3.8
.6
3.2
1.0
3.2
21
3.4
2.4
1.0
-14.2
-12.8
.7
15
-.7 -3.1
-9.7 -30.7
-13.4 -28.4
10.4 -23.2
-3.0
3.7
-4.5
-4.2
-.3
1
2.4
-3.6
-5.8
-.4
.2
-2.4
2.7
3.6
4.4
17.6
9.3
8.3
17.8
10.1
7.7
2.1
-.2
1.6
8
1.4
!6
.3
7.1 10.3
2.0 -7.1
0 -8.0
.9
2.0
5.1 17.4
-2.1
-5.8
-9.4
15.9
16.3
-4.4 -10.8
-4.4
152
-3.6
-1.5
-1.2
-5.2
-2.3
-6.2
-.4
-7.1
-.6
15
.9
-2.4
-2.2
3.9
-1.4
III
IV
III
-36.5 -39.2 -37.1
1990
1991
-3.9
-2.5
-1.4
-1.1
Change in business inventories
Farm
Nonfarm
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
.. .
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other ..
Nondurable goods
Other
Durable goods
Nondurable goods
1.6
3.1
1.8
1.3
2.3
2.1
.2
.8
-.2
1.1
-6.8
-6.0
-6.0
0
-.8
3.6
.5
3.1
II
I
IV
-31.2
4.0 -5.5
9.9 -25.7
5.4 -13.7
-7.0
4.0 -10.1
-9.9
1.4 -3.6
2.9
2.5
.9
.5
4.4 -.9
-1.4
1.8
1.9 -1.9
.7
1.7
3.8
4.7
.6
-1.4
3.2
2.1 -3.0
-.2
.9 -2.9
3
-.1
15
-1.4
1.1
-.2
1.8 -8.9
-4.2
4.8 -12.4
-8.0
5.7 -9.7
-7.5
-.6 -.9 -2.7
3.6
3.9 -3.0
.2 -4.0
-2.4
-.1 -3.9
-3.4
-.1
.3
1.0
.2 -13.1
1.7
0
1 5 -13.1
-1.3
-2.9
1991
13.9
-32.8 -30.4
-1.7
.4
-31.1 -30.8
.5 -14.2
-7.8 -13.9
3
8.2
1.9
3.1
1.1
3.5
2.4
1.1
-13.7
-13.1
-.7
-13.2
-11.7
.1
2.9
-2.8
-.1
-1.5
-3.9
2.4
.7
-28.3
-26.2
-21.5
-3.0
-1.4
-1.1
-4.7
-2.1
-1.7
-5.2
-8.6
-2.2
.2
2.3
-3.4
-2.2
-1.2
-1.3
[Billions of dollars]
[Billions of 1987 dollars]
cSeasonal y adjust*id quarte rly totals
Seasonally adjusted quarterly totals
V
Inventories 1 . ...
Farm .
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable aoods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Final sales of domestic business2
Final sales of goods and
structures of
domestic business2
19 91
IV
I
II
1990
III
73.9
26.9
16.5
10.4
72.6
71.6
268
266
17.1
73.0
28.1
16.7
16.8
16.4
72.6
27.1
16.8
121
249.8
120.5
114
248.8
117.8
100
241.5
111.0
102
242.1
111.8
104
243.9
112.4
246.4
111.6
61.3
59.2
59.1
58.7
53.5
57.6
53.6
58.1
53.7
58.7
52.1
59.4
129.3
111.3
394.0
131.0
110.7
394.4
130.5
106.9
395.9
130.4
107.0
401.3
131.5
402.3
134.8
105.4
404.0
224.3
224.0
2230
224.2
223.1
222.5
292
1061
2.83
2.58
2.80
2.56
2.75
2.51
2.69
2.45
2.68
2.44
2.65
2.43
4.54
4.51
4.45
4.38
4.40
4.41
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 GDP.
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. Final sales of domestic business equals final sales of domestic product less
gross product of households and institutions and general government and includes a small amount of final sales
by farm.
Inventories l
Farm
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
..
Durable goods
Automotive
Other
Nondurable goods
Other
Final sales of domestic business2
Final sales of goods and
structures of
domestic business2
:
1991
IV
I
II
III
IV
971.5
992.3
984.5
976.3
968.7
968.7
84.1
82.7
82.2
82.3
83.1
82.7
908.3
538.4
369.9
375.9
248.5
127.5
205.4
134.3
901.9
531.5
370.3
372.5
245.9
126.6
205.6
134.0
894.1
521.7
372.4
372.6
244.0
128.6
206.1
134.8
886.4
514.1
372.3
369.1
240.5
128.5
202.6
131.5
885.7
512.0
373.7
368.0
239.5
128.5
202.3
130.6
888.8
508.8
380.0
365.6
236.1
129.5
206.1
132.6
71.1
71.6
71.3
71.1
71.7
73.5
180.1
118.7
181.1
118.9
182.0
119.5
178.7
116.6
177.9
115.3
181.8
117.5
61.4
25.2
15.5
62.2
24.5
15.1
62.5
24.1
15.3
62.1
24.0
15.0
62.6
24.4
15.3
64.3
24.3
15.1
9.7
226.4
112.7
9.4
224.2
109.6
8.8
217.2
103.1
9.0
216.4
102.8
9.1
217.9
103.2
9.2
220.1
101.6
58.3
54.4
55.9
53.7
50.5
52.6
50.3
52.5
50.3
52.9
48.5
53.1
113.7
100.5
348.1
114.6
114.1
113.6
114.7
118.5
99.5
98.2
98.3
97.4
97.1
346.1
343.7
345.8
344.9
345.0
201.1
200.4
197.4
197.4
195.9
195.4
2.85
2.61
2.84
2.61
2.84
2.60
2.80
2.56
2.81
2.57
2.82
2.58
4.52
4.50
4.53
4.49
4.52
4.55
Ratio of inventories to final sales of domestic
business
Ratio of inventories to final sales of domestic
business
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures ...
III
IV
1,114.8 1,103.4 1,087.8 1,081.0 1,079.0 1,070.4
962
891
980
956
931
968
1 018.0 1,010.3 9921 9831 982.8 981.3
588.3 582.3 570.5 563.3 560.1 554.2
429.7 428.1 421.7 419.8 422.7 427.0
423.1 416.6 410.3 404.8 403.7 396.3
271 6 2688 2653 2607 2592 251 5
151.6 147.8 145.1 144.1 144.5 144.8
233.7 234.3 2333 229.1 229.1 233.2
149.5 149.9 150.7 147.4 146.1 148.9
84.3
84.4
842
829
81 8
826
204.5 206.2 206.5 202.5 201.9 206.3
132.4 133.2 133.9 130.9 129.4 132.4
72.1
-.6
-.7
-.7
5
Table 5.13.—Inventories and Final Sales of Domestic Business
by Industry In Constant Dollars
1990
8.2
7.0
15.5
Table 5.12.—Inventories and Final Sales of Domestic Business
by Industry
III
4.0
15.3
9.0
6.5
2.2
-.3
1.6
8
1.3
.5
.2
8.4
6.2
1.8 -6.4
0 -7.3
1.7
.8
4.4 14.9
-.3
3.4
12.5
-3.0
-5.2
-.6
14
.8
-1.6
10.9
-1.6
-4.1 -9.9
-4.0 -13.9
-1.5
-2.2
IV
III
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 GDP is stated at annual rates.
2. Quarterly totals at monthly rates. Final sales of domestic business equals final sales of domestic product less
gross product of households and institutions and general government and includes a small amount of final sales
by farm.
SURVEY OF CURRENT BUSINESS
l8 • February 1992
Table 6.1 C.—National Income Without Capital Consumption Adjustment
by Industry
Table 6.16C.—Corporate Profits by Industry
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
S easonally adjuste d at annual rates
1990
19 90
1991
III
National income
without capital
consumption
adjustment
Domestic industries
Private industries
Agriculture, forestry, and
fisheries
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public
utilities
Transportation
Communications
Electric, gas, and
sanitary services ....
Wholesale trade
Retail trade
Finance, insurance, and
real estate
Services
Government
Rest of the world
4,497.5
IV
I
II
III
4,518.0 4,556.7 45458 4,586.1 4,610.4
38289 3,887.4 3,849.7 38582 3,834.7 38843 3902.3
97.1
38.1
90.4
38.5
87.2
35.2
95.8
41.9
87.7
40.4
94.6
38.0
87.1
38.1
234.4
221.2
236.4
230.0
219.7
217.5
223.7
8469
484.3
362.6
8355
465.7
369.8
851 4
486.2
365.2
8341
8209
457.7
363.1
8319
8424
469.2
373.3
471.3
362.8
465.9
366.0
328.7
139.4
333.8
140.6
328.5
135.4
326.7
140.1
332.2
139.8
336.9
141.9
333.1
139.9
96.4
98.9
96.8
97.5
98.3
98.2
99.5
92.9
94.3
96.4
89.0
94.0
96.8
93.7
263.6
2707
3967
264.2
3903
265.9
391 5
2687
3925
271.2
3983
270.2
3985
679.8 698.9
948.3 1,001.9
691.7
964.6
694.3
978.2
695.5
977.0
700.0 698.7
995.9 1,010.6
657.9
662.0
672.8
688.4
693.8
10.8
695.1
6.3
25.7
22.7
8.1
1990
1991
III
4,486.7 4,582.5 4,511.7 4,531.0 4,523.1 4,578.0 4,599.4
3921
1990
19 91
697.2
10.9
1991
IV
I
II
IV
III
IV
Corporate profits with inventory
valuation and capital
consumption adjustments
Domestic industries
Financial
Nonfinancial
Rest of the world
Receipts from the rest of the world ...
Less: Payments to the rest of the
world
Corporate profits with inventory
valuation adjustment
Domestic industries
Financial
Federal Reserve banks
Other
Nonfinancial
Manufacturing
Durable goods
Primary metal industries
Fabricated metal products ....
Industrial machinery and
equipment
Electronic and other electric
equipment
Motor vehicles and
equipment
Nondurable goods
Food and kindred products ...
Chemicals and allied
products
Petroleum and coal products
Other
Transportation and public utilities ..
Wholesale and retail trade
Other
Rest of the world
299.8 296.1 302.1
319.0
303.5 306.1
258.8 240.8 243.1 223.3 227.5 241.7 243.1
34.5
36.5
33.7
30.0
33.1
35.3
37.5
224.3 204.3 209.4 193.3 194.4 206.4 205.5
60.2
64.9
56.6
64.5
4.7
7.9
72.8
67.2
74.6
70.7
61.7
59.5
-5.6
-3.9
-2.2
302.4 304.9 315.7
318.2
258.0 249.5 245.8 232.1 241.2
39.6
21.3
18.3
42.7
20.6
95.7
37.2
81.3
23.3
39.3
22.3
36.4
21.7
40.1
21.0
316.1
63.0
62.9
-.1
313.4
254.4 250.4
42.1
20.4
43.5
20.8
14.7
22.7
21.7
222 17.0
19.1
218.3 206.8 206.5 195.7 201.0 212.3 206.9
4.6
5.6
10.2
7.9
94.8
35.6
78.9
24.6
75.0
20.4
82.9
26.5
84.1
24.0
1.7
4.9
1.1
4.9
9.5
9.4
6.8
7.2
7.0
5.3
1.8
4.4
3.5
4.9
4.3
3.7
2.9
3.0
8.0
9.8
9.3
6.2
7.2
5.7
-7.1
16.0
58.5
12.6
-10.7
-5.0
15.1
59.2
14.7
-12.3
-14.9
-11.4
13.6
58.0
16.4
14.0
54.2
13.9
12.7
54.5
15.0
14.9
56.4
15.8
-8.3
14.2
60.0
17.1
20.3
19.2
20.3
17.0
16.6
18.7
21.5
6.5
19.2
44.5
39.8
38.4
60.2
3.5
18.9
46.3
45.4
33.8
4.3
19.9
41.5
34.4
35.9
56.6
8.0
15.4
37.5
38.2
41.1
72.8
8.7
14.2
45.7
45.3
35.1
74.6
2.9
19.1
49.2
46.9
33.3
61.7
.8
20.6
44.3
44.6
33.9
63.0
SURVEY OF CURRENT BUSINESS
February 1992 • 19
Table 7.1 .—Fixed-Weighted and Alternative Quantity and Price Indexes
[Index numbers, 1987=100]
Seasonally adjusted
Seasonally adjusted
1990
Gross domestic product:
Current dollars
121.5
Quantity indexes:
Fixed 1987 weights
107.6
Chain-type annual weights ....
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
113.1
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator
112.9
Personal consumption expenditures:
Current dollars
122.6
Quantity indexes:
Fixed 1987 weights
106.9
Chain-type annual weights
Benchmark-years weights
Price indexes:
Rxed 1987 weights
115.0
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
114.7
Durable goods:
115.4
Current dollars
Quantity indexes:
108.7
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
106.8
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
106.1
Nondurable goods:
120.4
Current dollars
Quantity indexes:
103.9
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
116.2
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
115.9
Services:
125.7
Current dollars
Quantity indexes:
108.3
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
116.3
Fixed 1987 weights
Chain-type annual weights .
Benchmark-years weignts
Implicit price deflator
116.1
Gross private domestic investment:
107.1
Current dollars
Quantity indexes:
99.4
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Imolicit orice deflator
Fixed investment:
Current dollars
111.0
Quantity indexes:
Fixed 1987 weights
102.9
Chain-type annual weights
Benchmark-years weignts
Price indexes:
108.7
Fixed 1987 weights
Chain-type annual weignts
Benchmark-years weignts
107.9
Implicit orice deflator
1990
1991
1990
1991
III
IV
I
II
125.0
122.7
122.4
123.1
124.5
106.8
108.0
106.9 106.3
106.6 107.1
117.6
113.9
114.8
117.3
116.3
III
125.8 126.6
107.3
118.0 118.6
117.0
113.6
114.5
115.9
116.8
127.4
124.0
124.9
125.4
126.7 128.3 129.2
106.8 107.5
106.5 106.2
117.4
106.6 107.2
117.9
107.1
119.7
115.7
117.6
118.5
119.3
120.1
119.3
115.4
117.2
118.1
118.9
119.7 120.6
110.3
115.7
111.9
109.2
109,0
112.2
102.2 109.1 105.0 101.8
121.0
110.7
101.3 103.6 102.0
109.4 106.7
107.4
108.4 109.0 109.9 110.2
107.9
106.1
106.6
107.3
107.6
108.3
108.5
123.9
121.5
123.3 123.3
123.9
124.4
124.0
103.2 104.2 103.3
103.2
103.5 103.5 102.6
120.5 116.9
119.8
119.8
120.2 120.6 121.2
120.0
116.6
119.3
119.4
119.8
133.8
127.6
129.1
130.7
132.9 134.7
136.9
109.8 110.3
111.1
Nonresidential:
117.9
Current dollars
Quantity indexes:
110.2
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
107.9
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
107.0
Structures:
116.0
Current dollars
Quantity indexes:
103.8
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes: Fixed 1987
111.9
weiphts
Chain-type annual weights
Benchmark-years weights .
111.7
Implicit price deflator
Producers' durable
equipment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Implicit price deflator
Residential:
Current dollars
Quantity indexes:
Rxed 1987 weights
1991
III
IV
I
II
110.4
119.8
117.6
112.5
111.4
102.9
111.6
109.4 104.3 103.4 102.5 101.3
III
IV
109.9 108.0
110.2 108.2 108.9 109.8 110.0
110.3
110.6
107.4 107.4 107.5 107.9 107.7
107.2
106.6
98.7
96.8
92.8
86.6
85.2
113.6 112.2 112.4 112.9 113.4
114.1
113.8
113.2 113.9
113.6
120.9 120.7 115.2 114.8 115.7
113.8
114.6 109.0 109.0 110.8
109.7
107.1 107.9
108.5
102.0 117.7 111.6
90.0
105.0
113.3 112.0
118.9 114.9
113.6
1990
1991
IV
109.6 115.0
105.9 108.1 106.1
104.7 104.8
99.5
112.2
107.4 105.0
95.3
112.7
107.9
108.1
105.1 105.3 105.7 105.3 104.5 103.7
95.8
86.7
93.9
89.8
83.7
84.9
S7.8
90.3
86.8
77.8
84.7
81.4
75.8
76.4
78.3
80.8
110.4 111.4
110.9
110.4
110.4
111.1
112.1
111.9
110.4 111.3
110.7 110.3 110.4 111.2 712.0
Phain-tvnp annual wpinhte
110.1
109.2 108.9 109.1
120.2 120.8
121.9
117.1
118.7
120.1
121.4
122.4
121.6
116.9
118.5
119.8
121.1
122.1 "123.2
123.5
97.1
109.7 100.2
94.7
94.6
98.9
100.2
90.0
101.5
87.7
87.6
91.6
93.0
93.0
103.0
111.7
108.9 103.5
95.1
103.2
100.7
103.2
103.0 102.5
95.4
95.0
94.9
94.9
110.5
109.0 109.4 110.0
110.3
110.9
111.0
108.4
108.2
108.2 108.5
108.6
108.5 108.0
Benchmark-years weights
Price indexes:
Rxed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator
Exports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
imports of goods and services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Benchmark-years weights
Implicit price deflator
111.7
151.2 162.8 150.8 157.3 155.5 162.1 164.0 169.6
138.9
148.0
137.8 143.5
140.8 147.1
149.8 154.4
109.8 111.6
110.7
110.6 111.8
111.7
111.0
111.8
108.9
109.4
109.6
110.4
110.1
109.5
109.8
123.2 122.6 124.5
128.0 118.9 119.7
125.1
126.9
109.8 110.2 111.9
109.2 104.7 108.1 113.7 114.4
109.9
113.3
113.6 112.4 119.0 115.3 113.0 112.5 113.5
112.2
111.3
111.2 117.2
113.5 110.8
110.1
111.0
SURVEY OF CURRENT BUSINESS
2O • February 1992
Table 7.1 .—Fixed-Weighted and Alternative Quantity and Price Indexes
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Se asonallj adjust 3d
1990
Government purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes!
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
Federal:
Current dollars
Quantity indexes:
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Implicit price deflator
National defense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Implicit price deflator
Nondefense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weignts
Implicit price deflator
State and local:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
1183
19 90
1991
1234
Seasonally adjusted
191)1
III
IV
I
II
III
IV
1187
1215
1235
1239
1236
1225
105.4 106.3 105.2 106.4 107.1 107.1 106.2 104.7
112.4
116.3
112.9
116.5
117.2
112.2
116.1
112.8 114.2 115.3 115.7 116.4
117.0
1104
1156
1103
1129
1173
1174
1156
1121
99.0
99.9
98.3
99.4
101.8
102.0
99.9
96.0
114.3
115.5
116.0
112.1
116.4
112.7
113.8
115.9
116.0
116.4
117.3
111.6
115.7
112.2
113.6
115.3
115.1
115.7
116.8
1073
1108
1065
1098
1138
1124
1104
1065
96.3
96.4
95.2
96.6
99.1
98.3
96.0
92.1
112.2
116.2
113.0
114.1
116.0
116.1
117.1
111.4
114.9
111.9
113.7
114.8 114.4 114.9
115.7
120.1
130.9
122.3
122,7
128.3
133.2
132.1
129.9
107.2
111.1
108.1
108.4
110.2
113.8 112.1
108.5
115.8
111.5
116.8
111.9
113.0
115.8
116.6
117.1
117.6
112.0
117.8
113.1
113.2
116.5
117.1
117.9
119.7
124.4
129.4
125.1
128.2
128.3
129.0
129.7
130.6
110.4 111.2
110.6
111.8
111.3
111.1
111.1
111.5
112.7
116.2 113.1
114.6
115?
1160
1167
117.1
112.7
116.3
113.2
114.7
115.3
116.1
116.8
117.1
NOTE-The quantity and price indexes in this table are calculated from weighted averages of the detailed output
and prices used to prepare each aggregate and component The fixed weighted measures use as weights the composition of output in 1987. For the alternative indexes, the chain-type indexes with annual weights use weights
for the preceding and current years, and the indexes with benchmark-years weights use weights of 1959, 1963,
1967,1972,1977,1982, and 1987 and the most recent year. Percent changes from preceding period for selected
items in this table are shown in table 8.1.
Table 7.2.-Fixed-Weighted and Alternative Quantity and Price Indexes
for Domestic Product, Final Sales, and Purchases
1990
Gross domestic product:
Current dollars
.. . .
121.5
Quantity indexes:
Fixed 1987 weights
107.6
Chain-type annual weights
Benchmark-years weignts
Price indexes:
113.1
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
112.9
Final sales of domestic product1:
122.2
Current dollars
Quantity indexes:
Rxed 1987 weights
108.2
Chain-type annual weights
Benchmark-years weignts
Price indexes:
113.2
Rxed 1987 weights
Chain-type annual weignts
Benchmark-years weignts
"112.9
Implicit price deflator
Gross domestic purchases2:
119.3
Current dollars
Quantity indexes:
105.4
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
113.4
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weights
Implicit price deflator
"li'S
Final sales to domestic purchasers3:
120.0
Current dollars
Quantity indexes:
106.0
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
113.5
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weignts
113.2
Implicit price deflator
1990
1991
1991
III
IV
I
II
III
IV
125.0
122.7
122.4
123.1
124.5
125.8
126.6
106.8
108.0
106.9
106.3
106.6
107.1
107,,3
117.6
113.9
114.8
116.3
117.3
118.0
118.6
117.0
113.6
114.5
115.9
116.8
117.4
117.9
126.1
123.1
123.9
124.7
126.1
126.6
127.1
107.9
107.7
107.7
107.7
108.3
108.3
107.6
117.6
114.0
114.9
116.4
117.4
118.1
118.7
"il7.0 Tl3.6 114.5
115.9
116.8
117.5
118.0
121.8 120.7
120.3
120.1
121.1
122.7
123.3
104.0
106.1
104.3
103.4
103.6
104.5
104.4
117.6
114.0
115.6
116.5
117.2
117.9
118.6
117.1 113.8
115.3
116.2
116.8
117.4
118.1
122.9
121.1
121.8
121.7
122.5
123.5
123.8
104.9
106.4
105.6
104.7
104.9
105.1
104.8
117.6 114.1
115.7
116.6
117.3
118.0
118.7
117.2 113.8
115.3
116.2
116.9
117.5
"mi'
1. Equals GDP less change in business inventories.
2. Equals GDP less net exports of goods and services or the sum of personal consumptions expenditures, gross;
private domestic investment, and government purchases.
3. Equals gross domestic purchases less change in business inventories or the sum of personal consumption
expenditures, gross private domestic fixed investment, and government purchases.
NOTE.-Percent changes from preceding period for selected items in this table are shown in table 8.1.
SURVEY OF CURRENT BUSINESS
Table 7.3.—Fixed-Weighted and Alternative Quantity and Price Indexes
for Gross National Product and Command-Basis Gross National
Product
February 1992 • 21
Table 7.6.—Price Indexes for Fixed Investment by Type, Fixed
1987 Weights
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Se asonalljf adjusted
Se asonallj i adjust ed
1990
1990
1991
III
Gross national product:
Current dollars .
Quantity indexes:
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Fixed 1987 weights
Chain-type annual weignts
Benchmark-years weignts
Implicit price deflator
Less: Exports of goods and services
and receipts of factor income:
Current dollars
Quantity index, fixed 1987 weights
Pius: Command-basis exports of
goods and services and receipts
of factor income:
Current dollars
Quantity index, fixed 1987 weights
Equals: Command-basis gross
national product:
Current dollars
Quantity index, fixed 1987 weights
1990
IV
I
II
III
121.6
122.7
122.9
123.5 124.6 125.9
107.7
108.0
107.3
106.6 106.7 107.2
1131
112.9
_
1139
1148
1163
1173
1180
113.6
114.5
115.9
116.8
117.4
148.9
135.5
148.0
134.1
1558
1522
1538
140.7
136.3
138.0
155.4
140.0
151.2
132.4
1508
1573
1555
1621
1640
132.3
133.3
133.4
137.4
139.6
1216
1227
107.4
107.8
1229
106.6
1235
106.3
1246
106.6
IV
III
_
1259
107.2
NOTE.-Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.4.—Price Indexes for Personal Consumption Expenditures
by Major Type of Product, Fixed 1987 Weights
[Index numbers, 1987=100]
Personal consumption
115.0
expenditures
Durable goods
106.8
106.4
Motor vehicles and parts
Furniture and household equipment .. 102.4
Other
1159
Nondurable goods
116.2
115.7
Food
Clothing and shoes
111.4
Gasoline and oil
125.6
Fuel oil and coal
1255
Other
117.4
Services
116.3
Housing
115.3
Household operation
105.7
Electricity and gas
.
105.4
Other household operation
106.0
Transportation
114.5
123.6
Medical care
Other
115.9
Addenda:
Price indexes for personal
consumption expenditures:
Chain-type annual weights
Benchmark-years weignts
119.7
115.7
117.6
118.5
119.3
120.1
121.0
109.4
106.7
107.4
108.4
109.0
109.9
110.2
109.8
102.9
106.1
102.5
107.1
102.5
108.6
102.7
109.4
102.8
110.4
103.2
110.8
102.8
1205
1163
1172
1186
1194
1212
1228
120.5
116.9
119.8
119.8
120.2
120.6
121.2
120.1
115.4
123.8
121 0
123.5
116.4 117.4 119.1
112.1 112.3 114.6
126.1 146.5 128.3
120.4
114.4
122.9
120.2
116.3
121.6
120.6
116.5
122.6
1209
1491
1327
1166
1156
1192
118.1
120.7
122.0
122.9
124.0
125.3
121.9
117.1
118.7
120.1
121.4
122.4 123.5
120.1
109.6
108.5
110.6
122.0
131.8
116.5
105.1
104.4
105.8
114.6
124.6
117.3
106.8
106.5
107.2
118.1
127.0
1203
1170
1183
118.7
109.0
108.8
109.2
120.4
129.0
118.8
119.6
109.4
108.3
110.5
120.8
131.0
120.1
120.5
109.6
107.6
111.5
122.6
132.8
120.9
NOTE.-Percent changes from preceding period for selected items in this table are shown in table 8.1.
121.6
110.4
109.5
111.3
124.2
134.6
121.4
Fixed Investment
Nonresidential
Structures
Nonresidential buildings, including
farm
Utilities
. .
Mining exploration, shafts, and
wells
Other structures
Producers' durable equipment
Information processing and related
equipment
Computers and
peripheral
equipment l
Industrial equipment
Transportation and related
eauiDment
Other..
Residential
Structures
Single family
Multifamily
Other structures
Producers' durable equipment
Addenda:
Price indexes for fixed investment:
Chain-type annual weights
Benchmark-years weights
1991
19 90
1991
19 31
IV
I
II
III
IV
108.7
110.5
109.0
109.4
110.0
110.3
110.9
111.0
107.9
110?
108?
1089
1098
1100
1103
110.6
111.9
113.6 112.2
112.4 112.9
111.0
112.3
115.6
1115
1133
118.7
109.9
122.2 118.3
112.2 110.1
105.9
108.1
96.0
94.2
%3
78.0
68.8
78.5
1115
113.4 1137
104.1 105.7 104.3
113.5 117.9 114.1
1117
112.1
114.6
1153
119.6 121.4
110.5 111.5
106.1 107.1
113.4 114.1 113.8
107.9
11?R
116?
112.6
116.2
121.9
123.0
122.3
112.8 112.7 112.0
107.9
108.1
qsq
95.2
946
937
75.9
73.0
70.3
66.7
104.9 105.3 105.6 105.9
115.9 117.2 117.5 118.2
108.5
93.4
65.1
106.2
118.8
108.0
111.0
112.8
114.4
107.8
111.1
109.6 111.8
112.6 113.6
1139
114.2
112.9
114.6 115.3
1104
111.4
1109
110.4
1111
11?,1
110.6
110.9
111.6
110.8
111.0
111.4
1107
1102
1117
1126
1115
1103
110.5 110.6 111.3 11?3
110.5 110.0 110.3 111.5
11?4
111.4 1109 111?
1103 111.3 112.8 1134
104.1
104.2
104.1 104.9
1104
104.3
112.1
103.6
105.5
111.9
112.1
111.4
112.3
113.0
103.6
1. Includes new computers and peripheral equipment only. Prior to 1982, all computers and peripheral equipment
are included in other information processing and related equipment (line 11).
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.9.—Price Indexes for Exports and Imports of Goods
and Services and for Receipts and Payments of Factor Income,
Fixed 1987 Weights
[Index numbers, 1987=100]
Exports of goods and services
Merchandise1
Durable
Nondurable
Services l
Receipts of factor income2
Imports of goods and services
Merchandise l
Durable
Nondurable
Services l
Payments of factor income3
Addenda:
Price indexes for exports of goods
and services:
Chain-type annual weights
Benchmark-years weights
Price indexes for imports of goods
and services:
Chain-type annual weights
Benchmark-years weionts
109.8
111.6
110.7
110.6
111.8
111.7
111.0
111.8
1091
1096
1099
1093
106.8
113.0
111.7
108.3
111.8
116.4
107.6
114.0
112.6
106.2
114.6
113.6
110.2
108.2
113.8
115.7
109.8
108.3
112.3
116.3
108.8
108.1
110.0
116.4
109.5
108.6
111.1
117.2
114.3
115.2
116.7
117.7
118.4
113.3
113.6
112.4
119.0
115.3
113.0
112.5
113.5
111.8
110.3
114.5
119.9
111.5
110.5
118.0
111.6
1095
112.2 129.0
120.8 123.9
113.4
112.2
115.4
124.0
110.8
111.5
109.5
123.2
110.4
111.5
108.6
121.6
111.5
112.2
110.4
122.1
114.7
117.0
118.0
118.7
113.5
113.8
1118
111.0
122.7
115.6
1. Exports and imports of certain goods, primarily military equipment purchased and sold by the Federal Government, are included in services.
2. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
3. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
NOTE.- Percent changes from preceding period for selected items in this table are shown in table 8.1.
SURVEY OF CURRENT BUSINESS
22 • February 1992
Table 7.10.—Price Indexes for Exports and Imports of Merchandise
by End-Use Category, Fixed 1987 Weights
Table 7.11.—Price Indexes for Government Purchases by Type,
Fixed 1987 Weights
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonally adjusted
1990
1990
1991
III
Exports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capita] goods except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
Imports of merchandise
Foods, feeds, and beverages
Industrial supplies and materials, except
petroleum and products
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except automotive
Civilian aircraft, engines, and parts ...
Computers, peripherals, and parts ....
Other
.
Automotive vehicles, engines, and parts
Consumer goods, except automotive
Durable goods
Nondurable goods .
Other
Durable goods
Nondurable goods
Addenda:
Exports of agricultural products *
Exports of nonagricultural products ...
Imports of nonpetroleum products
1. Includes parts of line 2 and line 5.
Se asonally adjust 3d
1991
IV
I
II
1990
III
IV
109.1 109.6
109.9 109.3 110.2 109.8
108.8
109.5
115.2
113.2
114.4
112.6
104.0
113.9
117.9
113.8
115.9
112.8
104.3
114.9
113.5
108.9
114.9
106.2
104.8
119.6
118.0
108.2
113.9
105.6
105.6
120.3
114.8
110.9
115.1
108.9
105.1
118.5
110.0
116.6
112.4
118.6
104.4
115.6
112.5
115.1
116.6
114.5
104.8
116.3
115.4
111.3
115.1
109,5
105.2
117.6
77.7
68.1
77.2
74.8
72.1
70.1
66.2
64.2
109.8
107.3
110.3
109.4
111.0
111.3
111.3
111.3
113.3
111.1
114.1
111.6
116.2
112.4
112.4
112.4
110.2
112.0
108.0
102.8
112.6
111.3
111.3
111.3
110.9
103.6
110.3
110.1
110.4
112.7
112.7
112.7
112.2
110.0
113.4
111.5
114.9
112.8
112.8
112.8
113.1
110.8
114.9
112.4
117.1
112.3
112.3
112.3
113.2
111.3
113.9
111.2
116.3
111.8
111.8
111.8
114.9
112.2
114.1
111.4
116.6
112.6
112.6
112.6
110.8 110.4
111.5
109.1
108.7
111.8 111.5 110.5 118.0 113.4
104.2
116.4
117.7
115.0
120.9
104.9
114.0
108.5
114.5
114.5
114.5
106.0
106.3
118.5
104.7
116.4
118.8
113.7
113.0
105.1
114.9
105.8
116.8
117.7
115.9
168.8
107.0
115.6
107.8
117.4
116.2
118.8
118.0
107.6
116.3
115.3
115.3
115.3
100.5
105.9
117.7
108.2
113.0
113.7
112.2
100.2
106.0
119.6
112.3
112.7
111.8
105.2
105.9
120.3
79.4
71.9
79.8
77.7
74.6
72.8
70.9
69.2
110.9
110.5
113.2
112.0
114.6
111.3
111.3
111.3
114.4
113.6
114.2
113.9
114.5
113.1
113.1
113.1
111.0
108.4
112.4
110.2
115.1
111.2
111.2
111.2
113.8
111.5
114.6
113.9
115.6
112.8
112.8
112.8
115.3
112.7
114.9
114.6
115.2
113.7
113.7
113.7
113.6
113.1
113.6
113.2
114.0
112.9
112.9
112.9
114.1
113.5
113.4
113.1
113.9
112.6
112.6
112.6
114.4
115.2
114.9
114.7
115.1
113.3
113.3
113.3
113.9
108.4
110.8
113.0
109.1
112.2
116.3
109.1
110.2
109.3
109.3
112.1
111.7
110.0
112.9
114.2
109.2
112.0
111.5
108.4
111.6
114.5
108.9
112.3
19 90
1991
III
Government purchases
P_J___I
National defense
Durable goods
Nondurable goods
Services . . .
Compensation of employees
Military
Civilian
Other services
Structures
Nondefense
Durable goods
Nondurable goods
Commodity Credit Corporation
inventory change
Other nondurables
Services
Compensation of employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures
Addenda:
Price indexes for government
purchases:
Chain-type annual weights
Benchmark-years weignts
Price indexes for Federal national
defense purchases:
Chain-type annual weights
Benchmark-years weignts
Price indexes tor Federal nondefense
purchases:
Chain-type annual weights
Benchmark-years weignts
Price indexes for State and local
purchases:
Chain-type annual weights
Benchmark-years weignts
112.4
116.3
112.1 116.4
19<31
IV
112.9 114.3
I
115.5
1169
1217
1159
1229
1159
109.3
113.1
129.1
110.1 111.4 112.1
116.4 116.3 134.2
111.5 116.8
1041
1064
111.9 113.0
106.0 104.6
109.2
108.7
113?
1138
115.4
115.5
111.3
110.9
110.5
119.1
122.3
1102
114.6
110.6 113.2
112.7
108.2
115.6
113.3
116.1
116.2
111.2
115.3
1178
121.7
III
116.0 116.5
112.7 113.8 115.9 116.0 116.4
112.2 116.2 113.0 114.1 116.0
109.4 111.0 111.1 110.6 111.1
1222 1433 125.8
1247 1190
114.0 117.0
1181 1132
1128
115.2 121.5 115.3 115.8 120.4
114.9 120.9 115.0 115? mft
1157
II
113.1
108.7
115.8
113ft
116.9
109.1
114.6
116.3
112.3
111.3
114.6
109.4
121.5
1151
118.3
82.1
74.5
80.1
80.0
109.4
111.0
109.6
109.8
IV
117.2
117.3
115.8 116.1 117.1
110.9 110.3 111.8
1152
1157
119.3
117.6 118.3 119.3
121.2 121.8 122.8
120.4 1?1? 1??1
1232 124.0
1226
112.6 113.4 114.3
128.2 130.1 124.0
115.8 116.6 117.1 117.6
107.6 1066 106.1 105.5
108.3
111.7
112.1
1180
1193
1?04
122.6
114.8
113.6
123.2
116.5
113.4
116.7
111.2
115.2
11ft3
122.3
117.1
112.0
115.0
69.6
1107
109.9
11ft7
121.4 122.2
113.4 113.9
112.4 113.3
115.2
110.7
116.7
116.4
119.8
116.0
110.9
114.4
117.4
121.2
78.1
76.3
74.2
110.3 111.5
111.5
11«9
123.5
SURVEY OF CURRENT BUSINESS
February 1992 • 23
Table 7.12.—Price Indexes for National Defense Purchases, Fixed
1987-Weights
Table 7.14.—Implicit Price Deflators for Gross Domestic Product
by Sector
[Index numbers, 1987=100]
[Index numbers, 1987=100]
Seasonall f adjusted
Seasonall]f adjusted
1990
III
National defense purchases
Durable goods
19 91
1990
1991
IV
I
II
1990
III
112.2 116.2 113.0 114.1 116.0 115.8 116.1 117.1
109.4 111.0 111.1 110.6 111.1 110.9 110.3 111.8
Military equipment
Aircraft
Missiles
Ships . ..
Vehicles
Electronic equipment
Other
Other durable goods
109.4 111.2 111.3 1107
112.4 111.5 115.7 113.1
101.0 104.8 102.9 104.5
1100 1168 1105 111 0
110.5 115.3 111.2 112.1
105.9 107.0 106.4 106.2
113.0 115.8 112.3 113.8
108.8 108.8 109.0 109.7
Nondurable aoods
1113
1112
1110
1148
1172
1172
1180
112.5
106.8
114.7
109.4
113.7
106.8
115.6
109.3
115.9
107.1
116.3
108.5
119.0
107.6
116.4
108.0
1105
1122
111.6 109.9 113.4
108.9 104.2 103.7 102.5
124.7 119.0 122.2 143.3 125.8 115.2 115.7 119.3
Petroleum products
Ammunition
Other nondurable goods
1463
1121
1132
Services
1332
1409
1985
109.5 111 1 1115
1126 1123 1135
1526
1093
1124
1201
1124
1127
1250
1080
1129
1353
108.2
1126
112.8 118.1 113.2 114.0 117.0 117.6 118.3 119.3
Compensation of employees
Military
Civilian
Other services
Contractual research and
development
Installation support2 l
Weapons suooort
Personnel support 3
Transportation of material
Travel of persons
Other
115.2 121.5 115.3 115.8 120.4
114.9 120.9 115.0 115.2 119.8
1159 1229 1159 1169 121 7
1093 1131 1101 111 4 1121
121.2 121.8 122.8
120.4 121.2 122.1
1226
1126
1232
1134
1240
1143
1179
96.3
1259
1195
1231
1240
1256
1253
1286
105.4 97.9 97.9 102.4 104.9 105.2 109.2
107.4 109.1 109.6 109.8 112.6 108.3 108.1 107.3
115.7 129.1 116.4 116.3 134.2 128.2 130.1 124.0
Military facilities
Other
1073
1105
1085
131.0 163.3 1310
1081
1082
1099
1118
1123
131.4 182.1 161.9 163.6 145.5
Addenda:
Price indexes for national defense
purchases:
Chain-type annual weights
Benchmark-years weignts
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors to
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.
Table 7.13.—Implicit Price Deflators for the Relation of Gross
Domestic Product, Gross National Product, Net National Product,
and National income
[Index numbers, 1987=100]
Gross domestic product
112.9 117.0 113.6 114.5 115.9 116.8 117.4 117.9
Plus: Receipts of factor income from
the rest of the world *
Less: Payments of factor
income to the
rest of the world2
113.5
113.8
114.6 115.6 117.0 118.0 118.5
Equals: Gross national product
112.9
113.6 114.5 115.9 116.8 117.4
114.3 115.2 116.7 117.7 118.4
Less: Consumption of fixed capital
108.0 109.6 108.3 108.7 109.5 109.7 109.6 109.6
Equals: Net national product
1135
114.3 115.2 116.7 117.7 118.4
1124
113.2 113.9 115.2 116.0 116.5
Less: Indirect business tax and nontax
payments less subsidies plus current
surplus of goverment enterpri
Statistical discrepancy
Equals: National income
113.5 118.0 114.3 115.2 116.7 117.7 118.4 119.1
1. Consists largely of receipts by U.S. residents of interest and dividends and reinvested earnings of foreign
affiliates of U.S. corporations.
2. Consists largely of payments to foreign residents of interest and dividends and reinvested earnings of U.S.
affiliates of foreign corporations.
IV
I
112.4
112.3
112.0
115.2
116.2
116.3
115.9
119.8
113.2
113.0
112.7
116.3
113.9
114.0
113.7
117.0
115.2
115.3
115.0
118.0
1201
1099
1195
1108
1077
Households and institutions
Private households
Nonprofit institutions
115.1 121.9 116.1 117.9 119.5
106.0 111.5 106.8 108.6 109.8
General government
Federal
State and local
1158
Addendum:
Gross domestic business product
less housing3
II
ill
IV
112.9 117.0 113.6 114.5 115.9 116.8 117.4 117.9
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
112.4 116.2 113.2 113.9 115.2
1155
1224
1165
1183
1199
117.5 i?no
115.2 121.7 115.3 115.9 120.6
116.1 121.6 116.8 118.3 119.8
1?17
1163
116.0
116.0
115.7
119.1
1153
116.0
121.2
110.9
1216
1?1?
121.4
121.1
116.5
116.6
116.3
120.0
111.9
116.5
117.0
117.2
116.7
122.1
105.0
117.0
123.0 123.8
111.8 113.3
1235 124.3
1?3.?
122.0 122.8
122.3 123.4
1???
11?1
Table 7.15.—Current-Dollar Cost and Profit Per Unit of ConstantDollar Gross Domestic Product of Nonfinancial Corporate Business
106.2 108.9 106.2 107.2 107.8 108.9 109.8 109.0
110.7 113.1 111.8 112.8 112.5 112.2 113.6 114.3
1097 1139 1101 1114 111 9 1130 1138 1169
Structures
Addenda:
Net domestic product (1-5)
Domestic income (10-2+3)
III
Gross domestic product
19 91
1990
1991
IV
[Dollars]
Current-dollar cost and profit
per unit of constant-dollar
gross domestic product }
1.107 1.135 1.115 1.117 1.129 1.135 1.138
Consumption of fixed capital
.120
.127
.121
.123
Net domestic product
.987
1.007
.993
.994
.105
.882
.114
.893
.106
.887
.109
.885
763
755
758
.113
.889
.760
.113
.894
745
763
.116
.894
.765
.083
.076
.077
035
031
037
.072
.033
.073
.030
.077
.031
.076
.032
.047
.055
.045
.054
.041
.055
.039
.056
.043
.056
.046
.054
.044
.054
Indirect business tax and nontax
liability plus business transfer
payments less subsid
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
.127
.128
.127
1.002 1.007 1.010
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted
two places to the left.
24 • February 1992
SURVEY OF CURRENT BUSINESS
Table 8.1 .—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
1990
1991
1990
Gross domestic product:
Current dollars .. .
Quantity indexes:
Fixed 1987 weights .
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Personal consumption expenditures:
Current dollars
Quantity indexes:
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weiohts
Price indexes:
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weights
Durable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Nondurable goods:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Services:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Gross private domestic investment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Fixed investment:
Current dollars
Quantity indexes:
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weights
Presidential:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weiqhts
5.1
2.9
4.9
1.0
-.7
.2
4.3
3.9
4.8
6.4
3.9
8.8
2.9
1.2
-.1
2.8
-3.5
5.2
4.1
6.1
1990
1991
IV
III
Seasonally adjusted at annual rates
-.9
-3.9
3.2
6.8
I
II
2.3
4.6
4.1
2.7
1.4
1.8
.8
5.4
3.3
2.6
2.2
1.7
4.3
5.0
2.7
1.4
2.3
-.2
2.8
2.9
-2.5
-1.3
3.1
1.3
-4.5
2.2 -12.4
-9.6
-.4
-6.0
1.5 -14.0
-11.9
2.9
-.6
12.3
9.5
-1.8
III
-5.2
-6.0
2.4
.7
6.2
2.9
9.5
6.0
.1
-.7
1.3
-3.4
6.2
3.7
8.4
10.3
7.7
6.4
2.3
1.7
5.4
4.8
-4.2
-9.4
-2.0
-30.3
-20.4
_«q
19.4
5.3
-5.7
-9.4
-2.9
-29.5
-20.9
-.4
19.7
6.3
2.1
2.3
3.9
2.1
3.5
1.2
0
2.1
1.4
-1.3
-.3
.9
0
-3.2
1.3
1.3
2.0
4.7
5.2
6.7
5.7
6.7
4.1
-.9
.7
2.5
2.2
2.9
6.0
5.7
4.9
4.1
3.5
3.7
10.0
Structures:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Producers' durable
equipment:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Residential:
Current dollars
Quantity indexes:
Rxed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Rxed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Exports of goods and services:
2.9 -12.1
.3 -13.3
2.6
II
I
IV
4.5 -19.3 -14.2
1.5
1.9
-3.4
15.8
1.6
-3.5
11.5
2.1
3.3
IV
III
-8.4 -22.3
2.5 -19.7 -15.7 -10.3
2.8
2.2
1991
1990
1991
IV
III
-23.9
1.7
1.0
2.7
2.3
1.1
2.0
.2
-6.3
.6
1.7
-.7
171
-1.3
3.4
-6.5
-18.1
0
6.7
-3.7
-1.6
3.9
1.9
2.4
-.9
.7
2.9
1.8
-15.2
-16.3
-24.6
6.1
14.3
12.0
-8.7 -10.3 -16.2
-15.0
-24.8
3.1
10.9
13.1
-6.6
-9.5
3.6
-.9
1.4
-1.7
.2
7.6
2.1
18.6
-4.6
18.0
5.0
14.2
6.6
-.4
17.7
7.4
19.4
7.3
13.1
1.6
1.6
4.4
6.3
-.5
2.2
.3
9.6
-9.3
4.3
.3
6.8
Piirrpnt HnllarQ
7.4
4.3
5.0
Quantity indexes:
Fixed 1987 weights
3.2
.9
-.3
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Imports of goods and services:
2.4
.9
9.0
7.8
17.5
-.5
4.6
2.5
-.4
2.8
-2.4
19.2
5.9
•1C /
13.3
22.3
2.5
26.0
-11.9
-7.7
-2.0
3.6
10.0
6.7
1.4
-1.2
-3.3
2.8
-.1 -3.4
11.9
-25.7
2.9
Quantity indexes:
FiYPfl 1QR7 u/pinhte
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Government purchases:
4.6
fihain-tvnp nnniml wpinhfc
2.3
-7.1
Benchmark-vears weionts
Price indexes:
Fixed 1987 weights
-5.4
****
2.0
2.0
4.2
3.5
4.7
4.9
5.9
4.7
1.3
9.6
1.6
1.0
-5.0
4.5
9.9
1.0
-8.1
146
4.5
3.8
5.2
4.1
7.5
.-I
1.2
3.1
4.5
3.2
-2.0
T>
•jq q
.2
0
79
5.9
4.6
3.6
5.7
4.1
4.5
1.6
nhflin-tvnp minimi wpinhte
.1
-1.6
3.8
-9.7
-7.6
1.4
-9.6 -19.3
2.3
1.7
2.9
-6.4
1.2
-6.7
2.3
-18.4
-7.2
2.1
2.4
11.7
8.5
2.8
-1.4
—.7
-2.0
1.7
—.2
-.2
2.0
.3
1.2
2.2
1.3
72
16 1
-3.8
-5.5
-6.7
-3.3
-3.7
-4.5
-7.7
2.7
-17.4
3.2
7
1.3
.8
Benchmark-vears weiohts
Federal:
Current dollars
Quantity indexes:
Rxed 1987 weights
Chain-type annual weicjhts
Benchmark-years weiohts
Price indexes:
Rxed 1987 weights
Chain-type annual weiohts
Benchmark-years weiohts
National defense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Price indexes:
Rxed 1987 weights
Chain-type annual weights ....
Benchmark-vears weiohts
12.8
16.6
c
15.4
-4.6
10.9
-3.3
6.7
_
-6.2 -11.4
-8.9 -15.4
1.2
3.6
SURVEY OF CURRENT BUSINESS
February 1992 • 25
Table 8.1 .—Percent Change From Preceding Period in Selected
Series
Table 8.2.—Selected Per Capita Product and Income Series in
Current and Constant Dollars and Population of the United States
[Percent]
[Dollars]
Se asonally adjust*3d at armual rates
1990
19 90
1991
Nondefense:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights ....
Benchmark-years weights
State and local:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Addenda:
Final sales of domestic product:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Gross domestic purchases:
Current dollars
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights .. . .
Benchmark-years weights
Price indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights .
Rnal sales to domestic purchasers:
Current dollars
. . .
Quantity indexes:
Fixed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Gross national product:
Current dollars
Quantity indexes:
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weights
Price indexes:
Rxed 1987 weights
Chain-type annual weights
Benchmark-years weignts
Command-basis gross national
product:
Quantity index, fixed 1987 weights ...
Disposable personal income: Current
dollars .
1987 dollars
9.9
9.1
5.5
3.6
4.3
4.7
I
IV
III
10.9
3.7
3.7
1.1
.8
4.0
84
40
78
102
4.4
.8
3.2
4.6
3.9
3.2
4.4
Seasonally adjusted at annual rates
1991
5.5
59
32
58
27
1.7
-A
.9
-.3
20.0
6.9
10.4
4
-1.9
2.2
25
-2.4
1990
II
III
IV
16.0
-3.5
-6.4
14.0
-5.9 -12.1
2.8
1.7
III
1.5
20
24
27
-.7
-.1
1.4
2.7
2.5
1.3
44
16
17
1.2
-.7
-.1
4.3
3.9
5.0
3.0
5.4
3.4
2.6
2.0
49
21
65
13
6
32
55
19
.9
3.4
-.3
.5
-1.3
1.3
-6.5
-3.5
4.5
3.6
5.0
5.8
3.2
2.4
2.5
2.3
56
24
74
23
-4
30
31
.9
.7
.8
3.2
2.4
2.5
21
35
43
.3
2.0
3.3
2.6
1.2
2.1
5.6
3.0
.3
4.5
-1.1
3.6
2.0
-3.4
-3.0
5.3
5.6
53
53
5
1.1
.7
4.3
4.8
.8
.2
7.1
1.9
4.0
-.1
6.1
.2
-2.5
3.2
-4.7
4.5
-2.0
-2.8
5.4
-1.0
1.3
-1.7
2.6
-1.2
2.3
4.0
1.1
NOTE.—Except for disposable personal income, the quantity and price indexes in this table are calculated from
weighted averages of the detailed output and prices used to prepare each aggregate and component. The fixed
weighted measures use as weights the composition of output in 1987. For the alternative indexes, the chain-type
indexes with annual weights use weights for the preceding and current years, and the indexes with benchmarkyears weights use weights of 1959,1963,1967,1972,1977,1982, and 1987 and the most recent year
Current dollars:
Gross domestic
product
Gross national
product
Personal income .
Disposable
personal
income
Personal
consumption
expenditures ...
Durable goods
Nondurable
goods
Services
Constant (1987)
dollars:
Gross domestic
product
Gross national
product
Disposable
personal
income
Personal
consumption
expenditures ...
Durable goods
Nondurable
goods
Services
Population (mid-
1991
IV
I
II
III
IV
22,056
22,457
22,251
22,135
22,206
22,406
22,567
22,648
22,099
18,720
19,137
22,276
18,851
22,237
18,977
22,296
18,944
22,438
19,110
22,610
19,184
19,306
16,236
16,698
16,344
16,479
16,492
16,678
16,752
16,869
14,971
1,864
15,390
1,762
15,120
1,866
15,183
1,800
15,208
1,751
15,334
1,744
15,481
1,790
15,537
1,761
4,871
8,236
4,957
8,672
4,907
8,347
4,964
8,418
4,952
8,505
4,966
8,624
4,970
8,720
4,940
8,836
19,540
19,194
19,586
19,337
19,166
19,188
19,221
19,201
19,609
19,428
19,245
19,216
19,258
19,579
14,154
13,992
14,168
14,058
13,965
14,022
13,992
13,990
13,051
1,756
12,896
1,632
13,107
1,759
12,952
1,689
12,877
1,632
12,892
1,621
12,930
1,653
12,885
1,623
4,203
7,092
4,130
7,134
4,209
7,139
4,161
7,102
4,148
7,097
4,147
7,124
4,135
7,142
4,090
7,172
narinH
|ieiivii,
thousands)
1.1
1990
1991
249,992 252,675 250,349 251,074 251,689 252,281 252,990 253,740
26 • February
SURVEY OF CURRENT BUSINESS
Table 8.3.—Auto Output
Table 8.4.—Auto Output in Constant Dollars
[Billions of dollars]
[Billions of 1987 dollars]
Seasonally adjusted at annual rates
1990
1990
1991
III
Auto output
130.3 118.0 147.6
Final sales
135.0 121.0 138.8
Personal consumption expenditures .. 132.4 115.3 133.5
New autos
79.2
95.7
96.6
Net purchases of used autos
35.8
36.1
37.8
Producers' durable equipment
35.5
37.4
38.9
New autos
55.0
59.6
60.9
Net purchases of used autos
-19.6 -22.1 -22.0
Net exports
-35.4 -33.8 -35.8
Exports
12.4
10.5
10.9
46.7
Imports
45.9
46.1
Government purchases
2.5
2.1
2.2
Change in business inventories of
new and used autos .
-4.7
8.8
-3.0
New
-4.2 -3.6
8.9
Used
-.6
.6
-.2
Addenda:
1
Domestic output of new autos
99.7
94.1 116.4
Sales of imported new autos2
54.1
59.3
59.6
Seasonally adjusted at annual rates
1990
1991
IV
I
118.5 109.8
II
III
III
115.5 125.2
121.6
126.2 117.6 121.5 122.6
125.4 115.0 112.1 117.7
122.4
116.3
89.7
35.7
36.1
55.8
78.4
36.7
35.3
55.5
78.2
33.9
37.4
59.6
79.0
38.7
39.9
64.7
81.1
35.2
37.2
58.5
-19.7 -20.2 -22.2 -24.7 -21.4
-38.3 -35.7 -29.9 -36.8 -32.7
9.0 10.5
11.7
14.3
13.0
47.3
3.0
-7.7
-6.9
-.7
89.1
58.5
46.3
3.0
-7.8
-7.0
-.7
86.8
50.4
41.5
51.1
1.9
1.8
-6.0
-8.2
2.5
2.1
.4
2.2
89.4
55.8
102.1
57.8
45.6
1.6
-.8
-1.4
.6
97.8
52.3
I
II
110.7
99.3
104.5
84.7
33.4
33.4
52.6
72.2
34.5
31.4
51.2
71.5
31.6
32.9
54.5
-8.6
-8.0
-8.7
-8.1
-.6
.6
83.5
55.2
-5.2
-7.4
78.4
46.4
Table 8.6.—Truck Output in Constant Dollars
[Billions of 1987 dollars]
67.7
74.4
67.1
56.8
68?
7? 3
73 fi
72.7
39.3
33.7
69.6
35.9
32.7
65.6
32.8
29.4
69.3
34.2
30.4
70.8
38.3
31.4
710
39.5
33.4
69.2
35.9
31.1
-54
42
96
6.3
-38
53
91
6.1
-64
40
104
6.1
-42
45
87
5.3
-35
45
80
6.8
-26
58
84
7.3
-42
53
95
5.4
-1.0
-1.5
-2.5
-8.8
-1.1
1.6
1.4
IV
112.3 108.0
71.9
35.3
35.3
58.9
109.9
105.5
73.6
31.9
32.7
53.1
-19.2 -19.8 -21.6 -23.6 -20.4
-34.9 -32.6 -27.9 -34.4 -29,7
11,3
8.9
9.3 10.3
12.5
41 .,1
38.2
43.8
41.9
46.9
1.7
2.8
2.5
1.6
1.4
[Billions of dollars]
7? 8
73.8
III
119.3 108.0 109.7 109.8
118.0 106.8 103.1 107.3
Table 8.5.-Truck Output
Truck output1
Rnal sales
Personal consumption expenditures ..
Producers' durable equipment
Net exports
Exoorts
Imports
Government purchases
Change in business inventories
Auto output
121.1 106.0 135.9
Rnal sales
126.5 109.4 129.3
Personal consumption expenditures .. 124.9 105.7 126.5
New autos
91.5
72.3
91.3
33.4
33.4
35.3
Net purchases of used autos
36.7
33.1
33.1
Producers' durable equipment
52.1
54.4
New autos
58.1
-19.0 -21.3 -21.4
Net purchases of used autos
-33.8 -31.1 -35.8
Net exports
9.3
Exports
9.7 10.9
45.2
Imports
42.0
43.6
2.0
Government purchases
2.3
1.8
Change in business inventories of
6.5
-3.3
new and used autos
-5.3
6.6
New
-4.8
-4.0
-.1
.7
Used
-.5
Addenda:
l
85.0 107.9
Domestic output of new autos
93.5
49.4
56.9
Sales of imported new autos2
56.2
1991
IV
2.2
81.2
51.0
2.5
2.0
.5
92.6
52.6
-1.9
-2.6
.7
87.7
47.4
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.
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.
1. Includes new trucks only.
1990
1991
IV
38.1
33.0
-5.0
54
103
4.9
2.5
Truck outout l
Final sales
Personal consumption expenditures ..
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
Change in business inventories
1. Includes new trucks only.
67.4
68.3
36.5
30.9
-5.0
3.9
8.9
58
-1.0
60.4
68.6
61.2
51.2
61.7
64.1
645
61.7
31.7
27.8
-3.2
67.1
36.3
31.1
-6.0
63.5
32.7
29.9
59.2
29.3
26.6
626
30.4
27.6
62.9
33.6
28.1
62.3
33.3
29.0
3.7
97
56
-39
4.1
80
48
-?9
4.1
70
61
-?0
5.3
73
6.6
-37
4.7
84
4.8
-43
4.7
90
4.3
1.5
-2.3
-7.9
-1.0
1.3
2.2
4.7
79
55
-1.3
SURVEY OF CURRENT BUSINESS
February 1992 • 2J
NIPA Chart
Dec. Nov.
P
T
Jan. July July
PT
P
Nov
T
Personal consumption expenditure
Gross private domestic investment
Change in business inventories
Net exports of goods and services—
Government purclu ses—
1964
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
89
90
91 1992
SURVEY OF CURRENT BUSINESS
28 • February 1992
Reconciliation and Other Special Tables
Table 1.—Reconciliation of Changes in BEA-Derived Compensation Per Hour with BLS Average Hourly Earnings
[Percent change from preceding period]
Seasonally adjusted at annual rates
1989
1990
1991
1991
I
BEA-derived compensation per hour of all persons in the nonfarm business sector (less
housing)
Less: Contribution of supplements to wages and salaries per hour
II
III
IV
2.7
5.2
4.1
2.8
4.6
2.6
.3
.1
.3
1.0
-.1
0
.1
2.6
.2
Plus: Contribution of wages and salaries per hour of persons in housing and in nonprofit institutions
0
-.1
.1
.2
Less: Contribution of wages and salaries per hour of persons in government enterprises, unpaid
family workers, and self-employed
0
.1
.1
.2
Equals-. BEA-derived wages and salaries per hour of all employees in the private nonfarm
sector
2.4
4.9
3.7
1.7
4.9
2.7
2.7
.5
-.1
-.1
.3
-.2
-.1
-.2
1.5
.8
.4
.2
.9
Less: Contribution of wages and salaries per hour of nonproduction workers in manufacturing
Less* Other differences l
.
.
-2.0
-1.6
0
.3
0
.2
-.3
Equals: BLS average hourly earnings of production or nonsupervisory workers on private
nonfarm payrolls
3.9
3.5
3.0
2.9
4.7
2.6
1.9
Addendum:
BLS estimates of condensation oer hour in the nonfarm business sector2
3.3
5.2
4.1
2.7
4.6
2.6
2.6
p Preliminary.
most frequent pay day), consistent with the hours data, which are based on a constant 52-week
1. Includes BEA use of non-BLS data and differences in detailed weighting. Annual estimates year.
also include differences in BEA and BLS benchmarking procedures; quarterly estimates also inNOTE.-The table reflects the comprehensive revision of the national income and product acclude differences in seasonal adjustment procedures.
„.„,„.
counts released in December 1991 and incorporates revised BLS estimates released in February
2. These estimates differ from the BEA-derived estimates (first line) because the BLS estimates 1992
include compensation and hours of tenant-occupied housing. The large difference in 1989 primarily
DI'C Rureau Of iahor statistics
reflects a BLS adjustment to make the 1988 compensation data, which cover 53 Fridays (the
«MU»U»
SURVEY OF CURRENT BUSINESS
February 1992
Errata
National Income and Product Accounts
The "National Income and Product Accounts Tables, 1987-90" and "Selected NIPA Tables" that appeared in the January 1992 SURVEY OF CURRENT
BUSINESS and the "Summary National Income and Product Series" that appeared in the November 1991 SURVEY contained several errors. The
corrected estimates for the January tables are provided below. The corrected "Summary" tables begin on the next page, and the series and time
periods in error are identified below.
Corrections to tables in the January SURVEY:
Table 2.1 .—Personal Income and Its Disposition
[Billions of dollars]
1987
1987
1988
1989
1990
1
Line 26 Personal outlays . .
Line 29, Personal transfer payments to rest of the world (net)
Line 30, Equals: Personal saving
3,147.5
3.0
142.0
3,392.5
2.7
155.7
I
II
3,622.4
2.9
166.1
3,853.1
2.9
205.8
3,998.6
3.0
220.6
IV
I
II
3,057.4
2.8
184.5
3,536.5
2.6
193.0
3,220.1
3.1
169.8
3,294.8
2.9
162.0
II
3,657.7
2.9
141.4
3,422.8
2.6
152.4
IV
3,496.7
2.7
156.4
1991
II
3,777.4
3.0
196.6
49
3,701.3
3.1
170.1
III
3,355.7
2.4
151.8
1990
Hi
3,594.2
3.0
160.0
3,187.1
3.1
115.2
98.5
1
IV
III
3,125.5
3.1
1989
Line 26, Personal outlays
Line 29, Personal transfer payments to rest of the world (net)
Line 30, Equals: Personal saving
Line 35, Personal saving as a percentage of disposable personal income
1988
1991
3,896.2
3.3
195.6
3,816.2
2.6
215.9
I
IV
III
3,922.5
2.9
215.0
II
3,938.4
3.1
212.6
IV
III
3,978.7
3.1
228.8
5.4
4,025.7
2.9
212.5
4,051.8
3.0
228.6
Table 4.1—Foreign Transactions in the National Income and Product Accounts
[Billions of dollars]
1987
1987
1988
1989
1990
1988
1991
II
Line 14, Services
Line 16, Transfer payments (net)
Line 17, From persons (net)
Line 20, Net foreign investment
92.3
16.6
100.1
103.3
117.4
17.8
18.1
20.0
2.9
-96.8
2.9
-83.6
3.0
-155.1
2.7
-118.0
1
II
121.1
-25.9
3.0
3.1
-157.8
2.8
-150.6
1989
Line 14, Services
Line 16, Transfer payments (net)
Line 17 From persons (net)
Line 20 Net foreign investment
92.4
15.3
91.6
15.3
87.0
14.4
IV
III
98.0
21.4
3.1
-154.9
II
99.0
16.8
2.9
-126.9
3.1
-157.1
IV
I
III
2.4
-114.9
IV
99.8
15.8
103.0
2.6
-110.0
2.7
-120.1
98.6
14.9
1990
III
23.8
1991
II
III
IV
I
II
III
IV
117.3
-69.8
3.1
118.7
-30.0
3.1
123.2
125.3
.8
3.0
55.7
20.8
101.5
101.3
103.2
107.0
112.4
113.5
119.4
124.1
16.9
15.4
17.6
22.6
18.1
21.7
19.9
20.4
3.0
-99.2
2.9
-97.2
3.1
-89.5
3.0
-85.9
2.6
-81.3
3.3
-96.1
2.9
-71.3
2.6
-101.5
I
-4.7
2.9
-21.8
Table 5.1 .—Gross Saving and Investment
[Billions of dollars]
1988
1987
1987
Line 1, Gross saving
Line 2 Gross private saving
Line 3 Personal saving
Line 15, Gross investment
Line 17 Net foreign investment
1988
1989
1990
743.4
826.5
166.1
740.7
-96.8
619.0
730.7
142.0
594.2
-155.1
704.0
802.3
155.7
675.6
-118.0
I
II
750.4
815.8
160.0
745.2
-99.2
1991
1
II
588.2
742.2
184.5
574.7
150.6
600.1
680.9
769.3
841.4
193.0
743.3
-101.5
667.9
783.7
169.8
643.0
-157.1
III
710.9
850.4
205.8
719.0
-83.6
716.1
887.0
220.6
735.8
8.4
III
IV
I
II
III
IV
I
II
III
727.1
812.8
141.4
729.6
-97.2
727.0
836.0
170.1
744.9
-89.5
721.7
852.2
196.6
726.2
-85.9
747.0
875.4
215.9
744.6
-81.3
697.5
821.1
195.6
725.7
-96.1
677.5
853.1
215.0
679.6
-71.3
746.9
873.0
212.6
764.9
713.1
892.1
228.8
729.6
55.7
20.8
697.2
875.5
212.5
719.1
-21.8
98.5
576.0
-157.8
678.0
800.4
162.0
643.6
-126.9
701.5
797.0
151.8
673.4
-114.9
716.5
797.0
152.4
690.7
-110.0
IV
720.1
814.8
156.4
694.7
-120.1
1991
1990
1989
Line 1 Gross saving ..
Line 2 Gross private saving
Line 3 Personal saving
Line 15, Gross investment
Line 17 Net foreign investment
619.7
715.9
115.2
583.0
-154.9
II
I
IV
III
IV
228.6
729.4
Table 3.15—Government Expenditures by Function
[Billions of dollars]
1987
Line 20 Commercial activities
-5.3
1988
-6.5
1989
-7.6
1990
-6.0
Corrections to the "Summary National Income and Product Series"—The corrected "Summary" tables begin on the next page. The corrections
were to the following series: Constant (1987) dollar estimates of gross domestic product (GDP), gross private domestic investment (total and
nonresidential), final sales of domestic product, gross domestic purchases, and gross national product (GNP) for the period 1970-73; and percent
changes from the preceding periods in GDP, final sales of domestic product, gross domestic purchases, and GNP for 1970-74. Errors in personal
outlays, personal saving, and the personal saving rate also affected the period, 1959-90 (table 3 of the "Summary" tables); however, the saving rate
was affected for only a few time periods. (The corrected "Summary" tables also reflect errata shown inlhe December 1991 SURVEY,)
3O •
February
SURVEY OF CURRENT BUSINESS
1992
Summary National Income and Product Series
Table 1.—Gross Domestic Product
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
GDP
Total
Durable
goods
Nondurable
goods
Services
Total
Nonresidential
Residential
Government purchases
Net exports
Gross private domestic investment
Net
CBI
Exports
Imports
Total
Federal
State
and
local
n
Final
uFOSS
Gross
sales of
domesnational
domestic purproduct
tic
chases
product
Percent change from preceding
oeriod
GDP
Final
Gross
sales of domesdomes- tic purtic
product chases
1959
494.2
318.1
42.8
148.5
126.8
78.8
46.5
28.1
4.2
20.6
22.3
99.0
57.1
41.8
490.0
495.8
497.0
1960
1961
1962
1963
1964
5134
43.5
41.9
47.0
51.8
56.8
153.1
135.9
144.1
153.6
163.1
175.9
787
492
24
3.4
24
3.3
5.5
25.3
26.0
27.4
29.4
33.6
25.0
26.1
28.1
107.0
116.8
122.3
128.3
510.1
528.9
565.5
597.5
643.0
510.9
528.4
569.2
599.8
642.5
516.6
5354
575.8
607.7
653.0
3.9
3.6
7.5
5.5
74
4.1
227
55.3
58.6
44.5
48.6
52.8
55.6
32
2.9
6.1
5.7
5.0
99.8
77.9
87.9
263
264
22.8
531.8
571.6
603.1
648.0
332.4
343.5
3644
3842
1965
1966
1967
1968
1969
702.7
769.8
814.3
889.3
959.5
444.6
9.7
3.9
1.9
1.4
354
31.5
37.1
39.9
46.6
50.5
136.3
155.9
175.6
191.5
201.8
693.0
756.0
803.8
8802
949.8
698.8
767.9
8.12.9
890.6
9607
708.1
414
8.4
9.5
5.8
9.2
7.9
1970
1971 .
1972
1973
1974
1,010.7
1,097.2
1,207.0
1,349.6
1,458.6
646.5
700.3
767.8
55.8
62.3
74.2
2127
1,009.5
1,1002
1,215.0
1,349.0
1,461.8
1,017.1
1,104.9
1,2157
1,362.3
1,474.3
5.3
8.6
848.1
927.7
1,008.4
1,0892
1,197.1
1,331.9
1,4444
1975
1976
1977
1978
1979
1,585.9
1,7684
1,974.1
2,232.7
2,488.6
1,024.9
1,143.1
1,271.5
1,421.2
1,583.7
134.3
160.0
182.6
202.3
1,591.5
1,7517
1,949.4
2,204.8
2,475.9
1,572.3
1,770.7
1,997.8
2,258.8
2,512.5
1,599.1
1,785.5
1,994.6
2,254.5
2,520.8
1980
1981
1982
1983
1984
2,708.0
3,030.6
3,149.6
3,405.0
3,777.2
1,748.1
1,926.2
2,059.2
2,257.5
2,460.3
212.5
228.5
236.5
275.0
317.9
1985
1986
1987
1988
1989
4,038.7
4,268.6
4,539.9
4,9004
5,244.0
2,667.4
2,850.6
3,0522
3,296.1
3,517.9
352.9
389.6
403.7
1990
5,513.8
412.5
1574
163.8
169.4
179.7
934
101.7
191.9
189.2
208.5
204.6
216.9
235.0
2522
221.7
243.1
265.3
270.4
283.3
3052
339.6
380.8
290.8
416.0
451.8
4904
541.5
613.3
474.5
682.9
744.2
772.3
852.7
953.5
1,050.4
1,164.7
1,269.4
467.6
558.0
5034
546.7
437.1
459.8
952.2
1,011.1
1,073.8
1,146.9
3,742.6
465.9
3105
3164
IV
4835
4962
4964
500.5
1960: 1
II
Ill
IV
514.0
512.9
515.8
510.8
1959* I
' II "ZI
III
481.6
509.3
559.1
603.7
63.5
68.5
70.6
81.0
86.2
85.3
972
110.7
124.1
123.0
185.9
216.6
2252
232.0
230.9
24.6
1,217.7
2,059.0
802.6
587.0
215.7
0
41 6
434
1462
1416
767
827
445
4&1
27.8
321.7
323.8
44.2
42.0
149.2
150.8
1227
1254
1282
76.3
794
47.8
47.6
283
131.0
44
7.B
2
4.3
327.3
333.4
3334
335.5
43.3
44.2
43.7
42.5
150.9
153.8
153.4
154.4
133.1
89.1
79.4
494
28.4
26.1
25.3
25.3
155.9
156.8
140.5
143.5
144.8
147.8
45.3
46.6
47.1
49.1
161.5
162.9
164.4
166.3
1963: 1
II . ...
Ill
IV
588.1
596.7
609.4
618.3
376.3
380.6
387.7
392.3
50.2
51.5
52.2
53.3
167.5
168.2
170.7
1964: I
634.8
643.6
401.7
4094
418.1
420.6
554
3444
1574
159.6
1354
136.3
138.6
68.1
50.2
48.9
48.5
70.2
474
754
48.3
48.6
50.2
784
82.2
84.0
27.5
25.3
25.5
26.9
27.8
136.3
148.9
158.8
186.1
228.9
-9.5
-14.7
254
-15.9
-20.6
-5.5
71.1
-102.7
241.5
257.7
288.3
424.9
618.0 5,513.8
-1 7
197
980
99^6
563
577
41 7
4791
-2.5
-1.1
21 4
225
21 '.8
21.1
22.9
22.5
99.5
98.7
57.6
56.9
41.9
-14
4884
4962
4962
.9
1.7
3.0
4.0
24.2
25.2
25.9
25.8
23.3
23.5
96.7
98.4
537
21.7
100.9
103.1
42.9
44.2
45.1
45.8
502.7
509.8
229
1.6
67
6.0
4.4
3.3
2.8
2.9
26.1
25.2
26.1
26.8
21.7
21.9
23.3
23.9
104.2
105.9
107.1
110.8
56.7
58.2
2.3
3.2
2.9
1.5
26.6
28.1
28.0
27.0
24.3
24.9
25.1
25.5
114.1
116.1
117.9
25.2
25.9
26.7
26.8
27.0
881.5
918.7
539.0
552.6
568.3
576.6
1969: I
937.3
951.1
970.7
978.8
1970: 1
II
Ill
IV
1971:1
84.3
84.5
84.7
28.3
31.6
872
36.0
77.3
79.3
83.6
83.8
227.6
232.6
238.6
234.1
240.6
246.1
251.6
135.3
141.7
140.3
142.4
90.6
89.9
91.8
96.0
36.9
38.2
38.9
40.9
587.9
598.5
608.3
620.0
85.8
86.2
86.4
86.5
245.5
250.2
254.2
258.8
256.6
154.3
154.1
159.1
153.3
989.7
1,003.8
1,022,8
1,0264
631.0
641.1
653.5
660.3
852
264.7
268.2
281.1
286.5
294.3
301.3
148.6
154.0
148.5
1082
1,069.8
1,088.2
1,108.4
1.122.3
679;6
693.6
706.0
93.1
95.9
98.1
308.2
169.2
175.2
"180.1
177.7
108.2
T11.1
722
86.4
87.3
82.5
241.1
271.9
276.5
278.3
282.0
284.4
288.5
262.1
267.6
274.7
315.8
323.4
331.7
1502
.
334
64
114
102
7.8
13.7
9.6
54
-1.2
-.6
-1.3
-1.9
462
41.9
50.9
51.0
99.5
1014
43.2
43.4
11.6
105.1
105.6
432
10.9
40.7
7.1
.1
532
105.8
107.1
40.7
39.4
40.4
45.0
2.1
3.7
54
547
-2.2
1.1
24
.9
4
12.4
.8
59.5
59.5
105.7
1124
115:3
48.6
54.6
58.3
61.5
9.3
9.5
9.4
g
-1.9
-1.8
-1.3
-3.8
-3.1
-6.0
57.6
57.3
58.3
624
55.9
9.3
5.6
4.8
2.4
6.5
6.0
8.8
6.0
3.7
7.6
8.1
6.8
6.2
47
94
5.0
6.3
5.8
8.8
6.1
667.5
682.7
698.8
722.8
676.8
687.3
704.6
726.6
685.3
697.7
12.8
682
697
735.6
13.3
749.9
7602
774.5
787.0
7582
767.3
780.3
793.9
12.8
795.4
801.7
819.3
835.1
803.0
809.0
826.2
860.8
884.3
865.5
889.8
906.6
920.0
12.2
11.7
901.5
915.6
7.7
6.1
8.8
9.8
8.2
939.2
952.8
972.0
9787
9437
957.3
9767
984.8
107
6.0
8.5
3.4
7.9
7.1
7.9
5.1
107
5.9
8.3
2.8
4.5
5.8
7.8
14
67
5.1
7.1
4.5
4.1
5.3
8.5
1.6
44.4
859.6
883.7
900.3
126.6
122.5
129.5
133.5
9.9
4.7
5.1
2.9
143.8
601.1
613.9
623.0
7137
71.6
73.3
739.6
7497
83.8
85.3
752
763.1
771.5
172.2
173.1
176.3
180.6
91.8
91.4
93.2
95.0
80.4
81.7
83.1
85.6
7837
797.5
48.2
48.2
186.5
190.0
192.9
196.7
98.0
98.6
99.4
100.6
88.5
91.4
93.5
96.1
851.8
870.0
890.6
908.3
43.8
52.7
52.4
53.1
99.0
99.6
98.0
925.7
200.2
204.6
205.4
100.6
9417
102.2
101.3
1024
959.8
104.1
9717
208.9
101.4
107.5
57.9
210.0
214.5
217.3
99.6
99.6
99.8
114.8
117.5
987.6
1,000.0
1,017.4
1,028.6
988.5
1,001.3
1,022.0
1,026.0
996.0
1,0104
1.029.4
1.032.5
58.7
63.3
65.5
61.9
220.2
2232
225.5
228.5
100.2
100.5
120.6
123.5
125.2
128.1
1,057.4
1,0787
1,099.0
1,121.5
1,069.0
1,092.0
1,111.5
1.128.3
1,077.3
1,096.2
1,1157
1,130.2
454
53.5
55.2
564
10.0
63.6
65.6
43.2
44.8
47.0
1968: 1
II
Ill
IV
215.1
219.4
224.3
2282
6.7
84
4.5
4.1
10.7
66.1
67.6
70.0
74.1
39.0
39.5
41.7
14.0
213.7
215.5
217.8
220.6
9.3
54
4.9
1.9
10.0
32
97
87
129.8
133.3
394
67.8
71.2
71.3
565.7
573.5
580.3
583.7
-4.7
11.1
41.1
40.7
41.9
496.6
17.0
559.7
5662
573.3
577.4
1.3
639.9
648.5
659.2
664.5
417
797.7
803.8
820.5
835.3
85.3
85.7
504
1.0
5.3
4.3
9.2
-1.6
628.9
638.7
648.6
654.0
2.3
2.1
1.1
2
1967: 1
131.9
1294
637
34
8.7
84
3.6
629.2
6387
6497
654.3
147.5
153.5
159.0
163.4
210.9
529.4
540.2
553.2
-3.8
5.3
5.8
1.4
3.8
11.6
-1.0
59.0
60.6
61.5
62.5
35.0
36.2
38.2
38.8
2114
518.8
522.7
5337
546.6
112
-.9
2.3
8.0
6.5
0
672
38.2
38.2
39.0
40.4
210.7
517.7
524.4
529.9
543.5
510.7
60.6
47.5
47.6
48.4
50.2
587
2
3.3
67.6
68.2
67.4
66.6
32
2.0
.8
1.5
122
517.0
516.0
519.0
514.2
10.9
126.6
128.8
129.0
129.1
82.2
13.5
12.5
513.1
511.1
512.8
5067
417
592.7
130.5
129.9
34.8
33.2
31.9
29.2
511.6
516.4
54.2
55.8
57.3
41 !g
586.1
592.9
606.4
613.9
198.5
842
501.9
4862
4985
499.3
503.6
581.1
591.8
603.5
613.5
38.0
196.9
3.8
8.0
10.7
5,524.5
54.1
54.9
56.5
57.8
1382
8.8
11.7
4853
498£
497.5
52.6
28.5
31.7
32.0
33.9
13.0
11.8
5,588.1
65.4
65.6
67.4
31.5
36.3
202.6
206.4
12.2
66.7
3.0
4.7
3.7
4.1
204.2
207.7
4.1
9.0
119.5
120.5
124.0
125.0
69.7
357
8.4
11.8
1192
115.8
115.8
119.1
121.3
92
9.5
7.8
5.3
7.7
8.7
51.0
183.5
187.1
190.8
195.5
12.3
10.9
9.8
10.6
517
56.8
58.6
56.6
29.3
3.9
8.1
662
32.9
32.6
33.9
35.0
277
284
8.8
11.9
12.6
12.8
13.1
11.2
65.1
5.9
4.9
5.4
5.7
33.9
34.2
34.3
34.5
8.5
117
117
11.5
11.6
13.1
11.5
552.4
563.7
570.0
575.8
5.6
4.8
4.3
5.4
29.6
29.8
31.1
7.6
5.3
1,042.9
29.2
29.1
82
10.2
10.1
11.3
13.1
12.3
4.9
401.4
624.8
-2.6
84
8.7
5.9
9714
550.4
-5.7
84
5.1
-62.9
-744
3.0
42
11.0
8.1
6.6
5.5
62
8.0
6.9
428.1 4,014.1 4,154.3 4,053.6
465.3 4,260.0 4,401.2 4,277.7
496.6 4,513.7 4,683.0 4,544.5
531.7 4,884.2 5,0084 4,908.2
570.0 5,208.1 5,326.9 5,2482
11.3
11.3
5.3
8.6
10.0
12.1
7.1
5.9
6.4
6.9
6.4
772.3
833.0
3192
5.1
9.0
104
8.3
6.1
6.0
8.2
6.6
2,717.5 2,722.8 2,742.1
3,005.2 3,045.3 3,063.8
341.1 3,165.5 3,170.2 3,179.8
360.3 3,410.6 3,456.5 3,4344
389.9 3,706.1 3,879.9 3,801.5
417.6
451.7
507.1
552.2
587.8
-115.6
-132.5
-143.1
-108.0
6.2
8.0
9.9
6.9
5.7
64
7.9
7.0
269.2
364.0
444.2
504.9
8.6
26.3
16.2
36.0
10.0
11.8
84
9.4
5.8
9.2
7.8
344.3
367.8
384.9
387.0
2414
302.1
-514
35.4
34.2
33.7
33.8
69.2
66.5
69.1
69.3
149.2
170.7
8.8
9.9
5.9
9.6
7.9
298.0
320.3
59.6
471.8
476.8
486.1
491.7
192.0
205.5
220.1
1347
7.8
9.1
6.3
9.5
7.9
209.1
240.8
266.6
292.0
310.9
317.7
303.2
328.1
405.1
100.6
100.4
101.5
104.4
753.1
7622
775.3
788.5
112.6
124.3
819.8
895.5
965.6
293.9
171.1
174.2
177.5
180.9
1966: 1
II
Ill
IV
100.1
100.0
106.9
108.5
117.6
774.9
2792
303.0
282.6
276.7
302.4
-147
1712
75.3
78.9
101.3
827
507.1
561.1
607.6
652.3
700.8
212.3
252.7
341.3
175.3
178.5
182.0
183.1
724
92.3
100.5
66.8
74.6
368.0
403.6
448.5
272
614
69.5
81.3
92.8
99.2
54
7.1
1824
2.0
37
3.1
4.4
63.5
65.2
55.8
60.9
129.4
135.8
147.9
162.2
179.3
7.0
4.9
5.9
4.8
152.7
154.8
157.3
89.3
87.9
89.1
67.5
3.0
34
77
3.9
3.6
7.5
5.5
7.5
3.7
6.9
5.7
7.6
3214
30.2
32.2
32.5
33.7
1494
654
664
484
514
122.7
151.1
53.1
54.7
56.3
58.1
185.6
189.1
192.8
200.0
13.6
-2.3
912
127.5
90.3
91.8
94.7
96.6
62.1
61.9
63.8
66.1
722.1
662
91.8
124.3
224.3
854
431.2
438.2
447.4
461.5
506.1
513.5
521.0
57.0
59.3
-3.1
-23.7
-26.1
-23.8
9.5
5.6
62
3.1
284
292
1.2
-3.0
-8.0
45.3
49.3
158.6
161.0
164.8
167.9
691.9
708.3
730.7
II
III
IV
598.4
6774
7562
-12
38.9
51.4
53.0
53.7
53.2
1965: 1
II
Ill
IV
913.7
-5.7
16.7
24.7
27.9
12.8
504.0
492.4
497.8
5454
5707
5312
-1.3
.6
17.7
14.3
714.5
717.6
749.3
793.6
837.6
356.2
362.2
3664
372.7
Ill 'ZI
IV
169.0
2.3
8.0
9.9
1,395.1
1,508.8
1,6374
1,785.2
1,911.2
9194
351.7
III
IV
226.0
286.4
358.3
434.0
480.2
55.8
69.7
75.3
66.0
9.1
9.7
718.9
817.8
873.0
561.9
5694
576.2
578.9
II
414
13.8
10.5
123.3
122.5
105.7
152.0
178.9
1962: 1
II
Ill
IV ,.
679.8
106.7
111.7
126.1
150.0
165.6
92.1
34.2
32.3
32.4
38.7
42.6
353.8
410.0
413.7
400.2
468.9
2142
40.0
41.0
42.3
44.3
654.1
659.7
150.3
175.5
205.6
243.1
245.8
852
110.3
131.6
141.0
3364
Ill """"."
IV
102.9
74.1
84.4
1872
3414
III
IV
118.0
130.4
128.0
139.9
155.2
223.2
274.5
326.4
515.1
II
29.0
32.1
34.3
62.7
82.5
525.9
536.6
549.5
1961:1
319.8
351.9
384.5
423.9
624
-1.7
GNP
75.9
802
99.5
99.7
78.1
1104
809.1
8252
841.0
57
6.7
3.5
7.3
9.8
10.6
6.2
7.1
2.9
8.3
9.4
9.8
14.5
4.9
7.1
7.0
9.6
5.6
7.3
4.5
47
3.1
8.6
7.4
6.5
72
5.9
82
18.0
7.1
7.6
5.1
13.5
11.7
8.3
7.7
8.4
10.1
64
6.3
3.4
14.7
6.4
10.9
.3
3.5
11.1
-.8
2.3
-3.6
3.6
84
8.4
10.0
11.3
5.5
6.8
3.3
13.1
7.4
9.5
10.5
13.1
12.9
13.5
12.9
5.6
77
6.6
4.9
7.0
7.2
4.3
3.2
9.1
7.9
4.7
3.0
8.8
74
12.9
11.4
8.0
6.4
17.8
8.9
7.3
6.2
12.2
11.7
7.8
6.0
10.7
5.9
8.4
3.4
4.6
5.9
77
1.2
18.5
7.2
7.3
5.3
SURVEY OF CURRENT BUSINESS
February 1992
Table 1.—Gross Domestic Product—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
GDP
Total
Durable
goods
Nondurable
goods
Services
Gross private domestic investment
Total
Nonresidential
Residential
Net exports
State
CBI
Net
Exports
Percent change from preceding
Government purchases
Imports
Total
Federal
P
Final
sales of
domesdomes-
and
tic
local
product
tic purchases
"
Gross
national
product
GDP
Final
Gross
sales of
domesdomes- tic pur-
tic
product
1972: 1
II
Ill
IV
1,160.9
1,192.5
1,217.7
1,256.8
757.1
775.1
799.7
1973: 1
II
HI ...
IV
1,304.4
1,334.5
1,358.4
1,401.2
1974: 1
II
Ill
IV
105.3
108.5
111.8
117.4
293.2
301.5
308.5
317.4
340.8
347.2
354.8
364.9
824.0
838.8
857.3
872.6
1257
327.0
333.6
344.0
353.7
371.3
2321
124.6
124.3
121.7
380.6
388.9
397.2
1,410.9
1,444.1
1,474.7
1,504.8
891.0
919.0
946.7
954.2
119.5
123.6
129.5
119.3
365.6
376.7
388.0
392.9
405.9
418.6
429.2
442.0
1975: 1
II
Ill
IV
1,513.6
1,552.1
1,614.4
1,663.3
978.9
1,008.3
1,042.1
1,070.3
124.0
129.1
138.9
145.4
400.3
454.6
411.1
423.0
429.8
468.1
480.1
495.1
1976: 1
II
Ill
IV
1,717.8
1,746.4
1,779.9
1,829.6
1,104.8
1,124.5
1,153.9
1,189.1
155.2
157.5
160.8
166.6
439.4
446.3
455.8
465.8
1977: 1
II
Ill
IV
1,881.7
1,952.9
2,015.1
2,046.8
1,225.5
1,253.5
1,284.7
1,322.4
175.2
180.3
184.6
190.5
477.4
485.6
492.0
506.9
1978: 1
II
Ill
IV
2,090.2
2,213.9
2,274.7
2,352.0
1,351.7
1,410.1
1,442.7
1,480.3
187.9
205.3
205.5
210.4
1979: 1
II
Ill
IV
2,399.2
2,453.3
2,523.3
2,578.8
1,520.4
1,554.8
1,607.1
1,652.5
1980: 1
II
Ill
IV
2,650.1
2,643.9
2,705.3
2,832.9
1981:1
739.2
120.6
123.5
126.3
133.8
66.6
68.2
69.6
74.3
241.4
240.1
258.7
141.2
149.0
153.7
156.4
77.9
75.8
75.0
72.7
241.8
247.7
244.4
249.3
159.0
163.7
168.5
171.0
69.0
67.5
67.4
60.0
13.8
16.5
211.0
210.6
236.3
246.2
166.3
166.0
169.7
173.9
57.7
59.9
64.6
68.7
510.3
271.3
520.8
537.2
556.7
284.6
289.7
299.8
179.1
183.4
189.8
196.4
572.9
587.6
608.2
625.0
321.6
355.2
380.3
376.0
226.8
238.8
516.7
534.5
549.4
565.5
647.1
670.2
687.8
704.4
391.9
429.4
447.3
467.4
245.7
211.8
210.6
218.3
216.0
583.6
599.8
624.5
645.5
725.0
744.4
764.3
791.0
1,701.5
1,704.9
1,762.3
1,823.6
218.7
198.2
211.3
221.8
667.1
673.8
686.2
704.6
815.7
832.9
864.9
897.2
451.5
432.1
491.5
2,953.5
2,993.0
3,079.6
3,096.3
1,876.0
1,908.9
1,952.1
1,968.0
230.8
225.5
236.3
913.9
941.7
967.2
991.1
548.5
543.3
575.4
564.7
383.7
400.7
221.4
731.3
741.6
748.5
755.5
418.4
437.1
1982' 1
II
Ill
IV
3,092.9
3,146.2
3,164.2
3,195.1
2,005.4
2,029.4
2,073.1
2,128.7
230.9
232.9
235.2
246.9
761.2
763.3
777.5
787.3
1,013.3
1,033.2
1,060.4
1,094.6
517.9
522.1
509.4
464.2
1983: I
II
Ill
IV
3,254.9
3,367.1
3,450.9
3,547.3
2,162.9
2,231.9
2,288.7
2,346.8
251.2
270.1
281.0
297.7
791.7
810.4
829.4
839.8
1,120.0
1,151.4
1,178.3
1,209.3
1984: 1
II
Ill
IV
3,666.9
3,754.6
3,818.2
3,869.1
2,392.4
2,444.5
2,477.8
2,526.4
307.6
854.1
872.0
878.2
887.8
1,230.8
1,254.6
1,281.7
1,310.4
719.2
739.9
722.8
1985: 1
II
Ill
IV
3,940.0
3,997.5
4,076.9
4,140.5
2,589.2
2,636.4
2,704.2
2,739.8
342.2
347.0
368.2
354.4
899.9
914.3
923.8
939.5
1,347.1
1,375.2
1,412.2
1,446.0
706.0
737.0
1986: 1
II
Ill
IV
4,215.7
4,232.0
4,290.2
4,336.6
2,784.8
2,812.3
2,882.0
2,923.1
363.8
376.1
411.6
406.8
950.1
943.9
951.0
963.7
1,470.9
1,492.3
1,519.4
1,552.6
752.8
1987: 1
II
Ill
IV
4,408.3
4,494.9
4,573.5
4,683.0
2,962.8
3,030.1
3,091.4
3,124.6
384.9
989.0
1,007.6
1,018.4
1,029.4
1,588.8
1,621.2
1,653.3
1,686.4
725.2
733.9
737.9
800.2
479.3
489.7
507.8
1988:1
3,199.1
3,260.5
3,326.6
3,398.2
428.8
1,728.8
1,765.4
1,807.3
1,839.5
526.8
433.1
433.5
452.9
1,041.5
1,062.0
1,085.8
1,105.8
770.6
788.4
800.7
IV
4,752.4
4,857.2
4,947.3
5,044.6
814.8
544.1
550.3
560.2
1989: I
II . .
Ill
IV
5,139.9
5,218.5
5,277.3
5,340.4
3,436.5
3,490.6
3,551.7
3,592.8
449.4
457.2
474.5
458.0
1,120.0
1,142.5
1,155.3
1,169.8
1,867.1
1,891.0
1,921.9
1,965.0
844.7
844.3
826.8
834.4
565.1
570.2
574.2
573.4
1990: 1
II
III
IV
5,422.4
5,504.7
5,570.5
5,557.5
3,667.3
3,706.0
3,785.2
3.812.0
479.9
464.6
1,194.9
1,200.9
1,228.4
1,246.4
1,992.5
2,040.4
2,089.6
2,113.6
812.0
825.9
821.8
750.9
586.3
580.0
596.3
585.2
II
III "I"""
IV
III '""""!
317.9
318.0
328.2
401.4
419.7
408.8
467.1
451.9
192.2
-8.6
-8.3
-7.9
-7.1
63.5
63.1
66.2
72.1
72.2
71.4
74.1
79.2
238.1
240.4
241.1
246.5
107.0
108.1
105.6
106.7
131.0
132.3
135.5
139.9
1,155.9
1,180.9
1,204.1
1,247.3
1,169.5
1,200.8
1,225.7
1,263.8
1,169.2
1,200.8
1,226.8
1,265.9
-4.4
-1.1
81.0
88.3
94.3
252J
255.4
257.7
103.4
85.4
89.5
91.1
98.7
108.9
108.5
107.0
109.8
143.7
146.9
150.7
155.4
1,291.3
1,317.8
1,346.9
1,371.5
1,308.7
1,335.6
1,355.2
1,396.4
18.3
110.3
129.4
133.6
136.6
273.8
-5.6
-9.1
-2.1
114.6
123.7
124.5
134.4
283.1
292.8
303.4
112.3
114.3
118.8
124.9
161.5
168.8
174.0
178.5
1,397.1
1,427.6
1,466.2
1,486.5
-12.9
-15.4
1.9
3.7
13.1
16.6
11.6
12.9
138.0
131.8
133.7
141.7
124.9
115.2
122.1
128.7
310.5
316.7
324.5
333.8
126.1
127.7
129.8
134.1
76.2
80.7
80.6
92.5
16.1
20.6
19.2
10.9
-1.1
-5.0
-7.2
143.1
146.0
150.9
155.4
138.9
147.1
155.9
162.7
337.4
338.4
341.3
347.9
208.8
97.6
218.5
111.7
115.0
116.9
15.2
25.0
38.4
20.3
-21.2
-21.5
-21.2
-30.8
154.8
161.3
161.8
157.1
176.1
182.8
183.0
187.9
270.1
284.0
298.2
121.0
130.5
135.8
139.0
25.2
28.7
27.5
30.2
-39.3
-23.3
-24.6
-17.3
164.0
185.6
190.5
204.5
203.3
208.9
215.1
221.8
470.9
481.7
485.5
482.9
311.9
317.7
334.7
341.5
138.6
140.9
143.5
141.2
20.4
23.2
-19.2
-23.3
-24.2
-28.6
210.7
219.9
233.1
251.9
495.3
353.6
342.5
134.6
111.2
115.9
131.3
7.1
-35.9
-37.1
-16.6
3.5
-6.8
131.9
128.7
120.1
109.5
432.6
419.4
405.0
397.7
478.3
532.5
385.3
387.2
561.2
614.8
693.6
203.3
209.4
217.6
700.5
714.8
724.1
696.4
697.1
5.0
11.6
13.6
9.4
8.7
12.8
8.9
8.1
15.4
11.1
8.6
14.5
11.3
8.9
13.5
15.1
13.0
13.4
1,315.1
1,346.2
1,372.3
1,415.6
16.0
149
8.5
9.1
7.5
15.0
165
9.8
8.0
1,406.6
1,449.7
1,483.8
1,506.9
1,428.1
1,460.7
1,490.2
1,518.3
2.8
9.7
8.7
8.4
184.4 1,526.5
189.1 1,567.5
194.7 1,612.5
199.7 1,659.6
1,500.5
1,535.6
1,602.8
1,650.4
1,525.2
1,564.0
1,627.6
1,679.5
2.4
133.2
134.0
135.7
140.1
204.2
204.3
205.6
207.8
1,701.7
1,725.8
1,760.7
1,818.7
1,713.6
1,747.5
1,784.9
1,836.8
1,733.7
1,763.3
1,797.2
1,847.7
355.9
365.7
371.3
379.2
142.7
146.8
148.8
153.3
213.1
218.9
2225
225.9
1,866.5 1,902.9
1,927.8 1,974.4
1,976.6 2,036.2
2,026.6 2,077.6
385.8
397.7
409.3
230.9
237.0
245.6
421.5
154.9
160.7
163.7
169.4
229.9
243.2
257.3
280.4
427.1
440.1
454.9
471.9
304.6
292.8
279.2
299.0
490.5
-8.6
267.5
276.2
282.7
290.4
32.9
13.9
36.9
18.1
-16.3
-16.0
-10.0
-16.4
303.0
305.8
299.9
303.4
104.7
102.8
102.4
112.8
-19.3
-.2
2.0
-46.3
-17.5
291.9
-5.1
-30.3
-29.5
293.9
279.0
265.6
-37.3
-2.8
-2.1
20.2
-23.7
-44.9
-65.2
-71.8
270.6
272.3
277.7
286.2
294.3
401.3
426.9
130.3
148.1
162.0
167.7
441.0
463.9
479.3
491.5
174.7
180.6
179.8
180.4
77.9
74.7
80.7
51.0
-95.5
-104.5
-103.8
-107.1
293.1
302.1
305.7
308.7
388.5
406.7
409.5
499.1
506.1
499.6
511.3
182.1
182.0
186.5
193.1
19.3
26.7
19.9
32.6
-91.8
-116.0
-118.9
-135.5
501.6
490.1
203.1
216.7
222.4
224.2
-12.0
-18.8
352.1
367.1
486.0
491.7
514.3
131
16.7
11.4
29.6
8.5
7.3
.2
-2.2
48.1
17.4
3.2
4.7
4.3
4.2
12.8
9.7
6.4
13.2
3.6
9.4
8.3
7.8
1.8
-1.7
10.6
17.0
12.7
11.2
11.2
12.0
12.2
18.7
12.4
10.6
17.3
13.4
13.8
10.5
16.2
13.5
5.8
8.3
8.2
8.8
6.8
7.9
9.7
7.0
7.9
11.9
16.0
13.4
15.2
15.9
13.1
12.4
15.8
13.3
6.4
10.9
13.8
10.5
10.5
8.4
5.9
2,129.5
2,237.1
2,299.3
2,369.3
2,112.4
2,232.8
2,295.9
2,377.1
8.8
7.8
10.4
21.8
11.6
12.7
9.3
252.1
2,064.9
2,185.1
2,247.2
2,321.8
172.5
175.2
180.4
189.2
254.6
264.8
274.5
282.7
2,378.7 2,418.4
2,430.1 2,476.6
2,516.0 2,547.5
2,578.6 2,607.3
2,425.2
2,483.0
2,559.6
2,615.3
504.1
507.4
526.4
198.6
208.5
208.8
220.6
291.9
295.5
298.6
305.8
2,643.1
2,646.1
2,741.2
2,839.7
2,687.3
2,660.5
2,701.8
2,841.5
2,687.7
2,679.4
2,739.8
2,861.5
319.3
321.7
310.0
319.7
545.4
556.8
562.2
579.9
229.0
239.8
241.8
252.6
316.4
317.0
320.3
327.4
2,920.6
2,979.2
3,042.7
3,078.2
2,969.8
3,009.0
3,089.6
3,112.7
2,985.5
3,023.5
3,112.4
3,133.7
3094
299.0
309.3
587.1
255.8
599.8
261.0
268.0
281.4
338.8
344.0
350.3
331.3 3,112.3
3,146.4
3,162.1
3,241.4
3,110.4
3,151.3
3,194.5
3,224.6
3,123.7
3,179.2
3,193.8
3,222.6
637.5
647.7
666.3
657.6
284.6
291.0
302.6
289.7
352.9
356.7
363.7
367.9
3,292.2
3,370.0
3,453.0
3,527.1
3,278.7 3,283.8
3,412.0 3,394.0
3,516.1 3,481.6
3,619.1 3,578.4
297.9
309.6
378.4
385.8
415.7
676.3
695.4
704.4
727.0
311.2
324.7
393.1
402.2
3,589.0
3,679.8
3,737.5
3,818.1
3,762.3
3,859.1
3,922.1
3,976.2
3,694.2
3,778.3
3,843.3
3,890.2
305.0
302.7
295.8
304.7
396.8
418.7
414.7
440.2
742.2
762.4
785.6
799.2
330.0
338.2
352.1
356.9
424.2
433.4
442.4
412.2 3,920.7
3,970.9
4,057.0
4,107.9
4,031.8
4,113.6
4,195.8
4,276.0
-127.8
-129.7
-139.4
-133.2
311.5
313.0
318.4
333.9
439.2
442.7
457.8
805.9
825.3
-140.3
-145.1
-143.8
-143.2
336.3
355.7
476.5
500.8
371.5
392.4
515.3
535.6
540.5
544.3
550.9
-98.5
-106.0
418.5
438.8
452.4
467.0
236.5
43.2
42.3
23.3
35.1
-88.9
-63.0
-82.1
-77.5
486.1
506.2
506.2
521.3
211.4
-3.3
25.6
14.1
202.2
-36.5
-78.0
-60.4
-82.5
-76.6
534.6
545.9
548.7
572.6
229.0
220.3
5.7
3.0
1,902.7
1,973.8
2,036.2
2,065.8
-122.0
-105.6
231.8
11.3
12.7
11.7
16.8
13.8
17.1
17.3
229.2
226.0
7.7
9.0
12.1
227.0
230.5
233.3
237.3
59.3
13.2
8.5
6.0
13.8
23.1
17.8
4.9
265.1
9.6
7.4
11.6
222.8
226.4
225.2
226.5
NOTE.—GDP=Gross domestic product; CBI=Change in business inventories; GNP=Gross national product
14.5
11.3
GNP
chases
295.1
317.2
342.9
358.0
467.1
612.0
631.6
851.2
849.7
25.9
11.4
14.3
8.3
9.3
11.9
9.1
10.4
8.6
10.0
12.0
8.3
9.9
12.9
9.7
9.0
11.5
-1.2
.5
15.2
15.2
6.4
9.3
22.3
19.0
18.1
11.9
19.3
-.9
9.6
5.5
12.1
2.2
-.4
7.1
2.3
4.0
7.7
14.5
10.3
11.7
14.2
8.3
8.8
4.7
4.5
4.5
2.0
10.4
6.4
9.8
10.2
8.9
7.2
5.4
18.5
5.2
11.2
12.3
3.0
2.8
-.3
5.4
5.6
3.8
6.9
-1.3
7.3
1.8
3.7
7.8
17.3
12.8
12.2
14.1
10.7
11.6
16.8
10.7
13.6
9.9
6.9
5.4
10.5
6.4
8.9
6.7
5.6
9.4
7.1
5.0
3,955.7
4,012.9
4,089.5
4,156.2
7.5
6.0
8.2
6.4
11.2
5.2
9.0
5.1
5.7
8.4
8.2
7.9
6.9
5.9
7.9
6.7
352.2
364.2
381.5
373.1
453.7 4,167.6 4,343.5 4,231.4
461.2 4,214.7 4,361.7 4,239.1
469.7 4,302.3 4,429.7 4,300.0
476.6 4,355.4 4,469.8 4,340.5
7.5
1.6
5.6
4.4
5.9
4.6
8.6
5.0
6.5
1.7
6.4
3.7
7.4
.7
5.9
3.8
375.6
384.5
2.8
8.6
8.4
4.9
7.2
8.3
6.8
9.6
6.8
7.9
7.3
4,385.2
491.5 4,477.1
501.0 4,568.6
509.0 4,623.7
4,548.6 4,412.4
4,640.0 4,497.5
4,717.3 4,577.7
4,826.2 4,690.5
6.8
8.1
7.2
9.9
573.1
913.8
918.5
937.6
386.6
386.0
383.5
392.0
518.1
527.8
535.1
545.7
4,735.6 4,874.4 4,764.3
4,843.4 4,962.7 4,862.7
4,930.2 5,045.8 4,951.6
5,027.3 5,150.7 5,054.3
6.1
9.1
7.6
8.1
575.0
589.2
588.3
598.8
947.5
966.6
980.9
990.7
392.6
401.9
407.6
403.7
554.9
564.7
573.3
587.0
5,096.7 5,228.8
5,176.2 5,301.5
5,254.0 5,359.4
5,305.3 5,417.9
5,144.3
5,217.7
5,279.8
5,350.9
612.6
606.3
631.2
649.2
1,021.2
1,033.2
1,046.0
1,071.2
417.2
423.3
424.7
434.5
604.0
609.9
5,425.7 5,500.5
5,479.1 5,565.1
621.4 5,556.5 5,653.0
636.7 5,594.0 5,634.0
5,432.7
5,505.5
5,576.8
5,583.2
904.7
8.9
14.9
10.3
20.2
485.0
901.4
10.2
24.8
11.8
14.9
12.8
-3.9
11.5
387.1
392.5
860.6
876.0
888.0
25.4
11.9
14.0
10.2
9.4
7.4
8.1
4.1
7.4
6.9
8.6
6.4
8.5
7.5
8.6
7.8
6.3
4.6
4.9
5.6
6.4
6.1
4.0
6.2
5.7
4.4
4.4
7.3
5.8
4.8
5.5
6.3
6.2
4.9
-.9
9.4
4.0
5.8
2.7
6.2
4.8
6.5
6.3
5.5
5.3
.5
10.0
-1.3
SURVEY OF CURRENT BUSINESS
32 • February 1992
Table 2.—Gross Domestic Product in Constant Dollars
[Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
GDP
Total
Durable Nondurable
goods
goods
Services
Gross private domestic investment
Total
Nonresidential
Residential
Net exports
Net
CBI
1959
1,931.3
1,178.9
114.4
518.5
546.0
2964
1652
117.6
1960
1961
1962
1963
1964
1,973.2
20256
2,129.8
2,218.0
2,343.3
1,210.8
1 2384
1,293.3
1,341.9
1,417.2
115.4
568.5
591 3
620.0
648.0
688.3
290.8
2894
110.1
120.6
135.0
142.1
15.6
16.0
15.7
-10.5
343.3
371.8
173.3
172.1
185.0
192.3
214.0
1094
130.3
140.7
526.9
5377
553.0
563.6
588.2
2,473.5
2,622.3
2,690.3
2,801.0
2,877.1
1,497.0
1,573.8
1,622.4
1,707.5
1,7712
156.2
166.0
167.2
184.5
190.8
616.7
647.6
659.0
686.0
703.2
724.1
7602
7962
837.0
8772
413.0
438.0
418.6
440.1
461.3
250.6
276.7
270.8
280.1
2964
137.3
124.5
120.2
136.4
140.1
25.1
36.7
27.6
23.6
24.8
1970
1971
1972
1973
1974
2,875.8 1,813.5
2,959.3 1,873.7
3,107.1 1,9784
3,268.6 2,066.7
3,248.1 2,053.8
183.7
2252
246.6
227.2
717.2
725.6
755.8
777.9
759.8
912.5
946.7
9974
1,042.2
1,066.8
429.7
475.7
5322
591.7
543.0
292.0
286.8
311.6
357.4
356.5
131.8
168.1
198.0
196.6
155.6
1975
1976
1977
1978
1979
3,221.7
3,380.8
3,533.3
3,703.5
3,796.8
2,097.5
2,207.3
2,296.6
2,391.8
2,448.4
226.8
2564
280.0
292.9
289.0
767.1
801.3
819.8
844.8
862.8
1,103.6
1,149.5
1,196.8
1,254.1
1,296.5
437.6
520.6
6004
664.6
669.7
316.8
328.7
364.3
412.9
448.8
134.7
166.4
201.9
214.5
2074
-13.9
1980
1981
1982
1983
1984
3,776.3
3,843.1
3,760.3
3,906.6
4,148.5
2,447.1
2,476.9
2,503.7
2,6194
2,746.1
262.7
264.6
262.5
297.7
338.5
860.5
867.9
872.2
900.3
934.6
1,323.9
1,3444
1,368.9
1,421.4
1,473.0
594.4
631.1
540.5
599.5
757.5
437.8
455.0
433.9
420.8
490.2
164.8
151.6
124.1
-6.3
24.6
1742
-17.5
44
199.3
67.9
1985
1986
1987
1988
1989
4,279.8 2,865.8
4,404.5 2,969.1
4,540.0 3,0522
4,718.6 3,162.4
4,836.9 3,223.1
370.1
402.0
403.7
428.7
440.8
958.7
991.0
1,011.1
1,035.1
1,049.3
1,537.0
1,576.1
1,6374
1,698.5
1,732.9
745.9
735.1
749.3
7734
789.2
521.8
500.3
497.8
530.8
5424
202.0
2262
2252
222.7
22.1
1990
4,884.9
3,262.6
438.9
1,050.8
1,773.0
744.5
548.8
195.5
1959' I
' II "."."'".".
Ill
IV
1 ,909.7 1,159.5
111 9
2907
3083
288.1
297.8
158.8
163.8
169.1
169.0
1164
15.5
-214
120.7
118.5
115.0
244
.5
-25.0
-20.3
-20.5
1960: 1
II
Ill
IV
29.6
-134
-104
-5.6
-1.2
1965
1966
1967
1968
1969
.. . .
1094
1202
2014
3212
2142
13.6
8.1
7.2
5.9
20.8
22.5
37.7
30.9
25.5
34.3
372
13.6
Exports Imports
Total
Federal
State
and
local
Final P
sales of domes- Gross
domes- tic pur- national
tic
product
product chases
Percent change from preceding
period
GDP
Final Gross
sales of domesdomestic pur-
tip
GNP
IIC
product chases
-21.8
73.8
95.6
477.8
268.2
209.6
1,917.8
1 ,953.1 1,942.1
-7.6
-5.5
88.4
89.9
95.0
96.1
95.3
4792
503.3
525.9
538.7
551.7
261.3
271.9
289.0
288.1
284.5
217.9
231.4
236.9
250.6
267.3
1,965.0
2,018.4
2,114.2
2,202.0
2,327.6
1,980.8
2,031 1
2.140J3
2,223.8
2,340.7
1,985.1
2,039.0
2,145.0
2,234.2
2,360.8
2.2
27
5.1
4.1
5.6
2.5
27
4.7
4.2
5.7
1.4
25
54
3.9
5.3
22
27
52
42
5.7
285.1
3254
356.1
3572
344.2
284.8
303.1
317.0
333.7
341.9
2,448.3
2,585.6
2,662.7
2,777.4
2,852.3
2,479.9
2,640.3
2,714.0
2,838.5
2,918.6
2,491.9
2,639.4
2,707.8
2,819.8
2,895.0
5.6
6.0
2.6
4.1
2.7
52
5.6
3.0
4.3
2.7
5.9
6.5
2.8
4.6
2.8
5.6
5.9
2.6
4.1
2.7
-.3
32
5.3
44
-.1
3.0
5.0
5,4
-.5
101.8
115.4
105.5
107.7
112.9
-64
-18.0
-23.7
-37.5
-41.5
118.1
125.7
130.0
1402
124.5
143.7
153.7
177.7
147.8
1892
569.9
628.5
673.0
691.0
686.1
-352
161.3
161.9
173.7
210.3
2344
196.4
207.8
2302
244.4
2384
667.8
655.8
653.0
644.2
6554
316.9
2942
2844
265.3
262.6
350.9 2,869.9
361.6 2,938.6
368.6 3,084.5
378.9 3,230.9
392.9 3,217.2
2,911.0
3,005.2
3,163.6
3,302.7
3,252.2
2,893.5
2,9794
3,128.8
3,298.6
3,282.4
0
2.9
5.0
5.2
-.6
.6
24
5.0
4.7
-4
232.9
2434
246.9
2702
293.5
209.8
249.7
274.7
300.1
304.1
663.5
6592
664.1
677.0
689.3
262.7
258.2
263.1
268.6
271.7
400.8
401.1
401.0
4084
417.6
3,198.6
3,387.1
3,561.1
3,733.3
3,8074
3,247.6
3,4122
3,569.0
3,739.0
3,845.3
-.8
4.9
4.5
4.8
2.5
.6
3.7
4.3
4.8
3.2
-1.6
320.5
326.1
296.7
285.9
305.7
289.9
304.1
304.1
342.1
427.7
7042
713.2
723.6
743.8
766.9
284.8
295.8
306.0
320.8
331.0
4194
4174
3,784.6 3,745.7
3,818.6 3,8212
417.6 3,777.8 3,767.7
423.0 3,902.2 3,962.8
436.0 4,080.6 4,270.5
3,823.4
3,884.4
3,796.1
3,939.6
4,174.5
0
.9
-1.6
-74
-56.1
-122.0
-145.3
-155.1
-143.0
-104.0
-75.7
3092
329.6
364.0
421.6
4692
454.6
484.7
507.1
525.7
544.9
813.4
8554
881.5
886.8
900.4
3552
373.0
384.9
377.3
375.0
458.2 4,257.6
482.4 4,395.9
496.6 4,513.7
509.6 4,698.6
525.3 4,804.3
-51.3
505.7
557.0
929.1
380.9
548.2
709
72.0
77.5
74.7
92.3
97.0
97.8
95.3
480.9
481.9
475.9
472.7
271.2
272.1
265.9
263.6
2097
209.8
210.0
209.1
84.9
88.3
90.5
90.2
98.3
98.7
96.1
91.4
467.7
475.6
482.4
211.9
4912
255.8
2592
262.0
268.3
90.7
86.5
90.7
91.4
91.6
92.6
99.8
496.0
499.4
501.9
516.0
91.1
97.3
97.5
94.2
103.1
105.0
106.3
107.6
94.4
-6.1
-1.6
102.1
103.4
107.3
4.6
1.1
2.5
1.9
-5.8
2.5
-45.9
-56.5
-34.1
-4.1
23.1
-64
-27.8
-29.9
-10.6
30.7
22.0
3,235.6
3,355.3
3,499.0
3,666.3
3,783.2
-.5
1.8
-2.2
-1.5
-1.1
5.9
5.1
4.8
2.0
2.0
-1.4
-1.1
5.1
4.6
4.8
2.8
-.6
1.6
-2.3
3.9
6.2
3.3
4.6
5.2
7.8
3.8
6.0
4,425.1 4,295.0
4,559.6 4,413.5
4,683.0 4,544.6
4,822.6 4,726.3
4,912.6 4,840.7
3.2
2.9
3.1
3.9
2.5
4.3
32
2.7
4.1
2.2
3.6
3.0
2.7
3.0
1.9
2.9
2.8
3.0
4.0
24
4,884.7
4,9362 4,894.6
1.0
1.7
.5
1.1
1 ,894.2
1,916.8
1,931.3
1,928.8
1 931 1
1,966.2
1,952.0
1,963.2
1 919.9
1,9514
1,942.8
1,9544
6.8
2.3
4.9
3.1
-.5
1,948.2
1,966.3
1,964.6
1,981.0
1,991.2
1,983.9
1,981.8
1,966.3
1,989.0
1,985.1
1,988.3
1,978.0
7.4
-.9
.5
-22
4.1
3.8
-.3
34
2662
271.1
270.9
279.5
229.9 1,9882 1,980.6 1,9934
228.3 2,006.2 2,014.8 2,021.7
231.0 2,018.0 2,0432 2,049.7
236.5 2,061.1 2,085.8 2,091.0
3.0
6.0
5.6
8.3
1.5
3.7
24
8.8
2.9
7.1
5.8
8.6
32
5.8
5.7
8.3
522.9
526.2
527.3
527.1
288.9
290.9
289.3
286.9
234.0
235.3
238.0
240.2
2,082.5
2,113.2
2,126.4
2,134.6
2,117.8
2,135.2
2,152.7
2,155.5
2,119.3
2,142.4
2,158.9
2,159.5
5.6
42
3.1
-.3
4.2
6.0
2.5
1.6
6.3
3.3
3.3
.5
5.5
44
3.1
.1
104.8
107.3
109.5
109.0
530.6
5364
545.1
542.5
285.9
289.5
291.5
2854
244.7
247.0
253.6
257.1
2,152.2
2,188.2
2,222.3
2,2452
2,183.9
2,208.3
2,245.1
2,258.1
2,190.0
2,218.9
2,255.1
2,273.0
6.0
5.6
6.7
3.1
3.3
6.9
6.4
4.2
5.4
4.5
6.8
2.3
5.8
54
6.7
32
113.6
112.6
116.8
118.7
109.0
111.5
114.3
116.8
550.3
554.9
5522
549.5
2892
2884
282.9
277.4
261.1 2,298.1 2,310.4
266.5 2,317.8 2,332.1
269.3 2,345.9 2,357.3
2722 2,348.7 2,363.2
2,333.2
2,350.6
2,377.8
2,381.8
3.2
4.6
.9
9.8
3.5
4.9
.5
9.6
3.8
4.4
1.0
24.6
18.6
-7.5
-5.0
-7.8
-5.3
105.2
121.0
119.0
127.1
112.7
125.9
126.8
272.6
278.9
2852
303.4
2744
281.5
289.5
293.8
2,376.4
2,420.6
2,463.5
2,532.8
2,418.0
2,448.9
2,495.9
2,556.7
2,429.5
2,463.7
2,506.4
2,568.0
7.9
5.7
74
4.8
7.6
7.3
9.6
52
7.9
1324
547.0
560.5
574.7
5972
36.1
32.1
32.9
45.7
-11.4
-16.0
-22.8
-21.7
125.2
124.3
125.5
127.9
136.5
140.3
148.3
149.6
604.0
620.7
640.5
648.8
306.2
320.5
337.1
337.9
297.9
3002
303.3
310.9
2,565.7
2,574.6
2,601.8
2,6004
2,613.2
2,622.7
2,657.5
2,667.8
2,618.9
2,623.7
2,651.4
2,663.4
8.1
.8
44
1.7
5.3
1.4
4.3
-.2
9.1
1.5
5.4
1.6
8.2
.7
4.3
1.8
34.3
17.8
31.6
26.8
-20.5
-21.1
-23.5
-29.7
131.0
129.5
128.3
131.3
151.6
150.6
151.8
161.0
670.7
668.0
674.1
679.4
356.8
352.5
357.4
357.7
313.9
315.5
316.7
321.7
2,627.8
2,655.9
2,673.2
2,693.8
2,682.6
2,694.9
2,728.4
2,750.3
2,679.2
2,690.3
2,723.3
2,738.4
2.4
1.8
4.8
2.3
4.3
4.3
2.6
3.1
2.2
1.8
5.1
3.2
2.4
1.7
5.0
22
8.5
26.3
19.9
32.6
.2
1162
5149
5163
1331J U8&0
1,942.7 1,192.7
117.6
112.0
519.9
522.4
5327
5424
550.6
558.2
1,977.8
1,973.5
1,976.2
1,965.1
1,201.7
1,216.4
1,210.8
1,214.1
114.5
117.6
1162
1132
522.8
529.6
527.0
528.0
564.4
569.1
567.6
572.9
321.8
292.0
288.5
261.0
173.8
176.1
171.7
118.4
108.6
105.3
1714
1054
1961:1
II
Ill
IV
1,979.7
2,008.8
2,036.5
2,077.4
1,218.1
1,235.6
1,238.8
1,261.0
106.7
107.2
109.3
114.4
532.1
537.7
536.9
543.9
579.3
590.6
592.6
602.7
2664
279.9
3024
308.9
169.0
171.0
171.8
176.8
105.9
106.3
-6.5
1122
18.5
16.3
1962: 1
II
Ill
IV
2,105.8
2,127.5
2,143.9
2,142.1
1,273.5
1,287.0
1,298.2
1,314.3
116.7
119.1
120.1
125.0
548.9
550.6
554.5
558.2
608.0
617.4
623.5
631.1
3214
180.0
186.1
188.3
1963: 1
II
Ill
IV
2,173.5
2,203.1
2,239.0
2,256.4
1,322.5
1,332.3
1,350.7
1,362.0
127.3
129.7
131.3
133.0
561.0
561.8
565.4
566.1
634.2
640.8
654.1
663.0
330.8
339.5
349.3
353.5
1964: 1 . . ..
II
III
IV
2,315.0
2,3332
2,359.8
2,365.1
1,388.0
1,409.3
1,433.8
1,437.6
137.8
140.6
144.8
575.7
584.9
595.9
596.3
674.5
683.7
6932
701.9
1965: 1
II
III
IV
2,4104
2,443.9
2,488.1
2,551.4
1,463.4
1,480.9
1,503.1
1,540.6
1522
1524
157.3
162.8
602.8
609.5
617.6
637.2
1966: 1
2,601.8
2,606.7
2,634.7
2,646.1
1,559.6
1,566.1
1,582.0
1,587.6
169.9
162.0
166.3
166.0
1967: 1
II
Ill
IV
2,662.1
2,673.7
2,704.9
2,720.6
1,600.2
1,620.8
1,6294
1,639.0
1968: 1
II
Ill
IV
2,758.0
2,802.2
2,819.1
2,824.8
1969: 1
II
Ill
IV
115.8
Government purchases
13.9
7.2
11.6
-15.9
2.6
-.9
-6.0
-6.7
-64
974
2164
220.4
222.9
-1.9
7.5
-2.9
6.7
-1.8
2.3
24
5.8
7.3
-.8
.6
-1.5
-4
-3.1
-2.1
23.3
-11.9
142
-7.8
-6.9
1854
118.0
121.6
121.5
121.3
183.7
189.7
195.1
200.7
125.8
135.0
137.5
141.6
21.3
14.9
16.7
372.1
367.9
371.3
376.0
2052
16.9
217.8
222.7
150.0
142.1
139.5
136.9
7084
719.0
728.2
740.7
407.6
407.5
418.1
418.9
2364
245.9
255.0
265.0
137.2
138.3
138.5
135.2
641.9
6472
651.7
6494
747.9
756.9
764.0
772.2
449.5
435.9
435.1
1384
4314
275.0
276.8
279.2
275.8
162.8
170.0
168.1
167.8
6554
659.0
658.8
662.7
781.9
791.8
802.5
808.6
411.7
406.1
424.9
431.8
271.0
269.7
268.8
2734
1064
1,672.9
1,696.8
1,7252
1,735.0
1782
8192
831.9
842.9
853.8
433.0
447.0
442.3
438.0
280.9
275.5
277.7
2864
1322
188.5
675.5
683.0
692.9
692.7
135.6
138.1
139.6
20.0
36.0
26.5
12.1
-36.8
-35.7
-37.4
-^0.1
134.2
137.6
146.2
142.9
170.9
173.2
183.6
183.1
688.8
694.0
689.0
691.9
362.3
361.3
352.6
352.8
326.5 2,738.0
332.8 2,766.3
336.4 2,792.7
339.1 2,812.7
2,794.7
2,837.9
2,856.5
2,864.9
2,776.2
2,820.9
2,838.3
2,843.8
5.6
6.6
2.4
.8
6.7
42
3.9
2.9
6.6
6.3
2.6
1.2
5.6
6.6
2.5
.8
2,867.4
2,872.5
2,887.9
2.880.6
1,754.7
1,765.1
1,775.0
1,790.1
192.0
190.9
190.6
189.7
698.7
702.3
703.8
708.0
863.9
871.8
880.6
8924
4662
460.6
471.0
4474
293.1
293.8
300.9
297.7
144.3
143.2
141.9
131.3
28.9
23.7
28.2
18.5
-38.9
-44.1
-43.3
-39.8
128.4
154.5
153.1
155.0
167.3
198.6
196.3
194.8
685.3
690.9
6852
682.9
344.9
3482
342.8
341.0
3404 2,838.5
342.7 2,848.8
3424 2,859.7
342.0 2,8622
2,906.2
2,916.6
2,9312
2,920.4
2,886.3
2,890.7
2,9052
2,897.9
62
.7
2.2
3.7
1.5
1.5
4
5.9
1.4
2.0
6.1
.6
2.0
1970: 1
II
HI
IV
2,872.8
2,860.3
2,896.6
2.873.7
1,800.5
1,807.5
1,824.7
1.821.2
185.2
187.3
900.7
906.2
918.5
924.7
431.8
423.6
439.4
424.1
294.9
292.5
295.5
284.9
131.9
122.8
129.5
5.1
84
144
1432
-4.0
-36.0
-33.9
-34.4
-36.4
157.3
163.3
161.3
163.2
193.3
197.1
195.7
199.6
6764
663.0
666.9
664.9
331.3
315.8
312.6
308.0
3452 2,867.7
347.1 2,851.9
354.3 2.8822
356.9 2.877.7
2,908.8
2,894.1
2,931.0
2,910.1
2,890.6
2,878.6
2,914.7
2.890.1
-1.1
-1.7
1882
1742
714.6
714.0
718.0
722.3
1971:1
II
Ill
IV
2,942.9
2,947.4
2,966:0
2,980.8
1,849.9
1,863.5
1,876.9
1,904.6
193.0
197.8
203.3
211.5
724.0
724.9
7242
729.4
932.9
940.8
949.4
9.63.7
467.8
476.2
,482.0
476.8
284.9
2862
265.8
290.3
151.1
166.1
174.2
181.0
31.9
23.8
21.9
-34.0
-48.8
-47.0
-53.8
162.5
162.7
171.0
151.4
196.5
211.5
218.0
2052
659.2
656.5
654.2
653.2
300.8
295.9
293.1
287.2
3584
360.7
361.1
366.1
2,911.0 2,976.9
2,923.7 2,9962
2,944.1 3,013.1
2,9754 3,034.6
2,962.8
2,968.7
2.985.1
3.001.0
10.0
1972: 1
II
Ill
IV
3,037.3
3,089.7
3,125.8
3,175.5
1,929.3
1.963.3
1,989.1
2,032.1
2.155
220.9
225.7
238.3
734.9
752.7
761.7
774.0
978.5
989.6
1,001.6
1,019.8
511.3
5274
542.1
547.8
299.7
306.1
311.4
329.1
193.1
197.1
197.6
2042
18.4
-61.2
-57.0
-53.9
-54.0
169.5
166.5
173.9
185.0
230.7
223.5
227.8
239.0
657.9
656.0
648.5
649.5
290.7
290.6
280.3
275.8
367.2
3654
368.2
373.7
3,018.9 3,098.5
3,065.5 3.146.7
3.092.7 3.179.7
3,161.0 3,229.4
3,058.4
3.110,5
3.1484
3,197.8
Ill '".'."!"
IV
1394
182.0
1894
322.0
327.3
314.1
2104
127.0
122.9
109.9
118.6
124.4
131.6
17.5
7.4
112
154
13.9
16.4
34.0
234
5.4
242
33.1
14.4
-13.5
-104
-52
10.8
10.6
-1.0
5.2
-3.1
11.7
.8
-2.2
4.3
-.6
10.1
11.0
3.0
4.7
.7
8.3
5.8
7.1
10.2
-1.5
-1.0
-1.6
-2.0
-1.0
-1.7
5.2
-2.8
5.1
-3.3
.6
2.5
2.0
4.7
1.8
2.8
4.3
9.5
2.6
2j
23
104
.8
2.2
2.1
7.8
7.1
4.8
6.5
6.0
6.3
3.6
9.1
8.7
6.4
4.3
6.4
7.9
7.0
5.0
6.4
SURVEY OF CURRENT BUSINESS
February 1992 •
33
Table 2.—Gross Domestic Product in Constant Dollars—Continued
[Billions of 1987 dollars; quarterly data are seasonally adjusted at annual rates]
Personal consumption expenditures
Year and
quarter
GDP
Total
Durable Nondurable
goods
goods
Gross private domestic investment
Services
Total
Nonresidential
Residential
CBI
Net exports
Net
Exports Imports
2,063.9
2,062.0
2,073.7
2,067.4
253.4
248.2
245.9
239.0
780.7
773.7
780.5
776.7
1,029.7
1,040.1
1,047.3
1,051.6
586.8
596.3
580.0
603.6
344.3
357.7
363.1
364.3
211.2
200.5
192.1
182.6
31.3
38.1
24.8
56.7
-49.7
-36.6
-26.1
-23.9
200.7
209.2
212.4
219.0
1974: I
II
Ill
IV
3,253.3
3,267.6
3,264.3
3,289.1
3,259.4
3,267.6
3,239.1
3,226.4
2,050 8
2,059.0
2,065.5
2,039.9
230.9
233.5
235.3
209.1
766.3
761.2
760.7
750.9
1 ,053.6
1,064.3
1,069.5
1,079.9
565.1
554.6
528.5
523.7
364.0
363.3
354.9
343.7
169.3
161.5
156.0
135.6
31.9
29.8
17.6
44.4
-5.3
-4.5
-9.2
2.6
1975: 1
||
Hi
IV
3,154.0
3,190.4
3,249.9
3,292.5
2,051.8
2,086.9
2,114.4
2,137.0
214.6
218.5
233.3
240.7
752.1
767.1
773.5
775.6
1,085.0
1,101.3
1,107.6
1,120.6
419.8
411.3
451.7
467.7
320.7
312.4
315.5
318.5
127.0
129.4
138.2
144.3
-28.0
-30.6
-2.0
4.9
1976: 1
II
III
IV
3,356.7
3,369.2
3,381.0
3,416.3
3,466.4
3,525.0
3,574.4
3,567.2
2,179.3
2,194.7
2,213.0
2,242.0
254.0
254.4
256.2
261.0
272.3
278.1
282.1
287.3
789.2
799.3
805.2
811.6
1,136.1
1,141.0
1,151.6
1,169.4
509.4
521.8
519.2
532.1
323.6
324.9
330.8
335.7
159.0
163.6
161.2
181.8
817.8
815.7
816.7
829.2
1,181.2
1,187.0
1,203.8
1,215.1
563.6
602.7
628.3
607.1
351.6
360.5
366.6
378.5
2,347.1
2,394.0
2,404.5
2,421.6
2,437.9
2,435.4
2,454.7
2,465.4
279.0
300.4
295.2
297.0
833.5
840.9
848.0
856.9
1,2346
1,252.8
1,261.3
1,267.7
293.8
285.9
292.4
283.8
860.5
856.6
863.5
870.8
1,283.6
1,292.8
1,298.7
1,310.9
625.4
663.6
676.2
693.1
679.0
682.3
666.5
651.1
383.1
411.0
423.0
434.3
1979: 1
||
III
IV
3,591.8
3,707.0
3,735.6
3,779.6
3,780.8
3,784.3
3,807.5
3,814.6
1980: 1
II .
Ill
IV
3,830.8
3,732.6
3,733.5
3,808.5
2,464.6
2,414.2
2,440.3
2,469.2
279.7
246.3
258.4
266.6
869.2
857.4
855.3
859.9
1,315.6
1,310.4
1,326.6
1,342.8
1981:1
II
Ill
IV
2,475.5
2,476.1
2,487.4
2,468.6
2,484.0
2,488.9
2,502.5
2,539.3
274.4
262.6
271.3
250.0
1982: 1
II .
Ill
IV
3,860.5
3,844.4
3,864.5
3,803.1
3,756.1
3,771.1
3,754.4
3,759.6
259.3
258.6
260.0
272.3
867.3
868.6
867.9
868.1
8676
867.7
872.7
880.7
1,333.8
1,344.9
1,348.2
1,350.6
1 357.1
1,362.6
1,369.8
1,386.2
1983: |
II
III '"11"
IV
3,783.5
3,886.5
3,944.4
4,012.1
2,556.5
2,604.0
2,639.0
2,678.2
274.3
294.0
303.3
319.1
885.2
893.8
907.1
915.2
1984: 1
II
III
IV
4,089.5
4,144.0
4,166.4
4,194.2
329.6
339.0
337.6
347.7
1985: 1
II
Ill
IV
4,221.8
4,254.8
4,309.0
4,333.5
4,390.5
4,387.7
4,412.6
4,427.1
2,703.8
2,741.1
2,754.6
2,784.8
2,824.9
2,849.7
2,893.3
2,895.3
2,922.4
2,947.9
2,993.7
3,012.5
4,460.0
4,515.3
4,559.3
4,625.5
4,655.3
4,704.8
4,734.5
4,779.7
1973: 1
II
Hi
IV
1977: 1
II
HI "12
IV
1978: I
II
Ill
IV
1986: 1
II . ..
Ill . .
IV
1987: |
II
HI
iv "."".!
1988: I
Ill "
IV
1989- 1
II
Ill
IV
1990: 1
II
III '"".".'."
IV
Percent change from preceding
Government purchases
Total
Federal
State
and
local
_
Final
sales of domes- Gross
domes- tic pur- national
tic
product
product chases
nprinrt
pcnuu
GDP
Final
Gross
sales of domesdomes- tic purtic
product chases
GNP
652.3
645.9
636.8
642.0
276.9
270.0
256.8
257.7
375.3
375.9
380.0
384.2
3,222.0
3,229.5
3,239.6
3,232.4
3,303.0
3,304.2
3,290.4
3,313.0
3,279.4
3,295.6
3,297.2
3,322.1
10.2
1.8
-.4
3.1
7.9
.9
1.3
-.9
9.4
.1
-1.7
2.8
10.6
2.0
2
3.1
229.0
240.2
230.4
237.8
250.3
245.9
238.5
242.9
234.3
244.7
239.6
235.1
648.8
658.6
654.2
66'0.1
260.0
264.0
260.1
266.2
388.8
394.6
394.1
393.9
3,227.6
3,237.8
3,221.4
3,182.0
3,264.7
3,272.1
3,248.3
3,223.7
3,298.4
3,304.4
3,272.2
3,254.6
-3.6
1.0
-3.4
-1.6
-.6
1.3
-2.0
-4.8
-5.7
.9
-2.9
-3.0
-28
.7
-3.8
-2.1
23.3
32.7
18.4
18.2
233.9
227.7
229.7
240.2
210.7
195.0
211.4
222.0
659.2
659.5
665.4
669.7
262.0
261.5
262.6
264.6
3,181.9
3,221.0
3,251.8
3,287.7
3,130.7
3,157.7
3,231.5
3,274.4
3,177.4
3,213.9
3,275.5
3,323.6
-8.7
4.7
7.7
5.3
0
5.0
3.9
4.5
-11.0
3.5
9.7
5.4
-92
4.7
7.9
6.0
26.9
33.3
27.2
14.7
2.8
-6.2
-8.3
-13.7
238.9
239.9
246.4
248.4
236.0
246.1
254.7
262.1
665.1
658.9
657.0
655.9
7.8
1.6
1.4
4.3
244.0
250.8
250.5
242.1
271.8
276.0
273.0
277.9
659.2
666.7
666.0
664.3
399.9
402.5
401.7
400.0
3,386.8
3,400.5
3,412.7
3,448.9
3,503.9
3,561.8
3,610.8
3,599.3
10.1
2.6
1.7
4.9
-27.8
-25.2
-22.5
-35.9
3,353.8
3,375.4
3,389.3
3,430.0
3,494.1
3,550.2
3,596.9
3,603.0
5.2
.7
2.2
5.8
24.9
34.3
54.0
23.8
3,329.8
3,335.9
3,353.7
3,401.6
3,441.5
3,490.7
3,520.4
3,543.4
8.0
1.5
1.4
42
187.1
207.9
207.7
204.8
258.6
258.1
257.7
258.2
259.4
264.2
264.3
264.3
397.1
398.0
402.8
405.1
406.5
400.8
399.3
397.7
6.0
6.9
5.7
-.8
4.8
5.8
3.4
2.6
7.7
6.6
5.4
.7
6.5
6.8
5.6
-1.3
36.0
36.9
35.3
40.6
-468
-26.5
-26.9
-19.2
2487
271.6
274.5
286.0
2956
298.1
301.4
305.2
666.1
675.9
681.8
684.1
-17.3
-20.4
-7.3
2.8
286.5
284.9
2929
309.9
303.8
305.3
300.2
307.1
681.2
687.0
693.6
695.3
4026
405.4
411.5
414.0
410.8
417.1
420.1
422.4
35558
3,670.1
3,700.3
3,739.0
3,759.1
3,754.6
3,802.5
3,816.7
28
13.5
3.1
4.8
.1
.4
2.5
.7
4.0
10.8
3.1
3.9
-.1
.7
1.1
-.3
3.4
12.5
3.5
5.4
2
.9
3.4
.7
650.4
577.5
544.3
605.5
457.7
430.7
428.2
434.7
185.6
150.4
153.4
170.0
7.1
-3.6
-37.2
.8
11.1
33.1
47.0
31.5
319.6
323.0
320.1
319.5
308.5
290.0
273.1
287.9
704.7
707.9
701.9
702.2
281.0
288.2
285.6
284.4
423.7
419.7
416.2
417.8
3,823.7
3,736.2
3,770.7
3,807.7
3,798.1
3,804.7
3,814.8
3,811.9
3,819.7
3,699.5
3,686.5
3,776.9
36291
3,737.9
3,769.8
3,819.3
3,821.2
3,829.8
3,862.0
3,868.3
14
13.5
3.3
4.2
21.7
29.7
5.0
-2.0
263.5
270.4
270.3
270.1
270.4
269.9
273.5
272.9
36386
3,733.5
3,762.5
3,798.8
444.1
442.9
454.7
453.4
206.3
215.6
217.9
218.2
213.2
209.8
206.7
199.7
3,884.6
3,782.3
3,780.5
3,846.2
1.7
-9.9
.1
8.3
.7
.8
-8.8 -12.0
3.7 i -1.4
4.0 | 102
1.7
-10.1
-2
7.1
444.9
450.9
461.6
462.5
166.2
160.2
147.3
132.5
32.6
15.8
35.7
14.1
29.0
27.9
20.9
10.0
328.1
332.0
323.3
321.1
299.0
304.1
302.3
311.1
712.2
713.4
711.7
715.5
290.6
297.3
297.5
297.9
421.6
416.2
414.2
417.5
3,827.9
3,828.6
3,828.8
3,789.0
3,831.5
3,816.5
3,843.6
3,793.1
3,901.6
3,882.8
3,904.9
3,848.5
5.6
-1.7
2.1
-6.2
2.1
.1 i
0
-4.1
5.9
-1.6
2.9
-52
5.9
-1.9
2.3
-5.7
4536
440.1
424.8
417.2
1248
120.8
119.5
131.2
-24.4
-1.5
.7
-44.9
3.5
3.5
-17.7
-19.0
306.1
306.5
293.9
280.4
302.6
302.9
311.5
299.4
7147
719.2
724.6
735.9
-.9
-.8
-2.0
5.5
-42
1.6
.5
.7
-5.6
1.8
-2.2
2
-33.5
9.9
12.1
29.3
-28.0
-45.9
-67.0
-83.7
282.5
283.7
286.1
291.5
310.5
329.5
353.1
375.1
735.3
740.4
751.5
748.1
419.8
421.2
425.3
425.9
3,752.6
3,767.6
3,772.1
3,778.6
3,811.5
3,932.3
4,011.4
4,095.8
-4.9
1.6
-1.8
.6
150.1
170.5
185.7
190,6
3,780.6
3,772.6
3,753.7
3,804.5
3,817.0
3,876.6
3,932.3
3,982.8
3,793.0
3,810.3
3,789.4
3,791.7
403.1
407.6
423.0
449.6
2995
301.6
307.0
316.0
315.5
319.2
326.3
322.2
4152
417.6
417.6
419.9
1,396.9
1,416.1
1,428.6
1,443.9
643.8
627.0
644.5
609.1
553.9
559.5
545.0
503.5
519.7
588.0
620.8
669.5
3,816.5
3,916.7
3,978.8
4,046.6
2.6
11.3
6.1
7.0
1.3
6.4
5.9
5.2
3.5
13.3
8.3
8.7
2.6
10.9
6.5
7.0
920.6
936.2
938.5
942.9
1,453.6
1,465.8
1,478.6
1,494.2
739.9
760.6
773.1
756.4
463.7
487.2
500.4
509.6
196.4
202.4
199.7
198.8
79.9 -108.4
71.0 -121.0
73.0 -127.2
47.9 -131.4
298.0
303.9
308.2
312.8
406.3
424.9
435.4
444.2
754.1
763.3
766.0
784.3
323.8
329.6
328.7
341.7
430.4
433.7
437.3
442.6
4,009.6
4,073.1
4,093.5
4,146.2
4,197.9
4,265.0
4,293.6
4,325.5
4,119.1
4,169.4
4,193.0
4,216.4
7.9
5.4
2.2
2.7
2.7
6.5
2.0
52
10.4
6.5
2.7
3.0
7.4
5.0
2.3
2.3
360.1
364.4
386.4
369.6
378.9
390.2
423.1
415.7
949.2
955.6
961.3
968.7
980.8
990.2
992.3
1,000.9
1,515.5
1,529.8
1,545.6
1,557.1
1,562.8
1,567.5
1,578.3
1,595.8
732.6
748.4
739.6
763.1
776.4
746.3
711.7
705.9
518.8
525.8
517.2
525.5
513.2
500.1
492.5
495.5
14.8
23.7
19.8
30.2
48.1
18.2
-12.0
-20.1
438.1
459.0
454.0
467.4
4,207.1
4,231.0
4,289.2
4,303.3
4,342.4
4,369.5
4,424.7
4,447.2
4,238.1
4,270.5
4,321.8
4,349.5
4,406.4
4,394.6
4,422.3
4,430.8
2.7
3.2
5.2
2.3
6.0
2.3
5.6
1.3
22
52
5.1
2.7
2.1
3.1
4.9
2.6
5.4
-.3
2.3
1.3
3.7
2.5
5.1
2.0
4.0
1.0
2.9
.5
5.3
-1.1
2.5
.8
1,616.5
1,632.4
1,645.2
1,655.5
1,679.6
1,690.0
1,707.5
1,716.9
729.3
735.7
738.4
793.8
756.9
769.4
782.2
785.0
481.1
490.7
508.6
510.6
517.7
531.4
535.2
538.8
376.8
384.5
386.8
391.6
379.7
377.2
373.7
378.4
4,809.8
4,832.4
4,845.6
4,859.7
3,200.9
3,208.6
3,241.1
3,241.6
1,720.3
1,725.4
1,735.4
1,750.7
803.2
797.4
776.8
779.2
41.2
38.9
20.2
30.0
-81.2
-71.9
-79.8
-70.0
451.2
469.5
470.5
485.8
369.1
376.2
380.9
373.9
3,258.8
3,258.6
3,281.2
3,251.8
1,751.8
1,769.6
1,787.3
1,783.1
754.9
766.0
760.3
696.6
540.0
543.6
544.7
541.3
550.7
544.3
555.5
544.5
221.9
215.0
211.9
207.9
4,880.8
4,900.3
4,903.3
4,855.1
433.6
439.9
454.3
435.6
452.7
438.7
440.3
424.0
1,005.6
1,011.3
1,012.9
1,014.6
1,023.5
1,031.0
1,039.3
1,046.8
1,047.1
1,043.3
1,051.4
1,055.3
1,054.4
1,050.3
1,053.7
1,044.7
448.1
455.8
462.2
466.7
475.4
480.9
486.0
487.3
492.3
494.6
498.1
501.4
503.9
508.3
510.0
516.1
4,349.0
4,404.0
4,458.6
4,488.9
464.0
480.9
494.9
498.9
492.1
502.7
511.3
522.1
520.5
515.2
526.1
540.9
532.4
541.3
550.3
555.7
791.5
805.8
825.7
830.5
834.9
850.6
871.6
864.8
869.1
879.0
884.9
893.0
883.7
885.6
883.7
894.5
886.9
898.3
907.4
908.9
343.4
350.0
363.5
363.7
359.4
369.7
385.5
377.5
389.4
403.1
417.7
404.7
-127.1
-149.2
-149.6
-155.4
-143.1
-157.1
-164.3
-156.0
22.5 -150.0
17.3 -146.3
5.4 -139.8
59.9 -136.0
19.2 -113.4
16.1
-98.1
23.5 -101.9
20.9 -102.7
310.9
309.8
304.3
312.0
320.9
323.9
330.6
342.9
3,011.5
3,046.8
3,075.8
3,074.7
3,128.2
3,147.8
3,170.6
3,202.9
199.0
198.9
202.7
207.4
215.0
228.0
231.3
230.5
225.7
227.7
224.3
223.3
220.0
222.0
223.5
225.3
208.2
199.5
190.9
183.3
-4.0
22.1
13.9
-31.2
-56.0
-52.5
-65.7
-31.2
496.2
502.1
501.6
522.5
552.2
554.5
567.4
553.7
923.0
928.1
927.5
937.9
379.3
383.3
378.4
382.6
2,271.3
2,280.8
2,302.6
2,331.6
425.1
426.9
423.8
439.2
NOTE.—GDP=Gross domestic product; CBI=Change in business inventories; GNP=Gross national product
342.1
356.5
371.5
386.1
407.1
417.2
424.1
438.2
22
-.5
52
1.5
4,437.5
4,497.9
4,553.9
4,565.6
4,636.2
4,688.7
4,710.9
4,758.7
4,533.6
4,544.7
4,577.0
4,583.1
4,610.0
4,661.6
4,699.1
4,761.5
4,768.7
4,802.8
4,836.4
4,882.4
4,463.9
4,517.8
4,563.6
4,633.0
4,667.1
4,710.3
4,738.7
4,789.0
3.0
5.1
4.0
5.9
-.9
5.6
5.1
1.0
2.4
4.6
3.3
5.4
3.0
4.9
4.1
6.2
2.6
4.3
2.5
3.9
6.3
4.6
1.9
4.1
.6
2.9
2.8
3.9
3.0
3.8
2.4
4.3
517.8
522.1
526.4
534.9
4,768.5
4,793.5
4,825.4
4,829.7
4,891.0
4,904.3
4,925.4
4,929.7
4,813.9
4,831.6
4,847.9
4,869.3
2.5
1.9
1.1
1.2
.8
2.1
2.7
.4
.7
1.1
1.7
.3
543.7
544.8
549.1
555.3
4,884.8
4,878.1
4,889.4
4,886.3
4,936.8
4,952.7
4,969.1
4,886.3
4,890.2
4,901.2
4,909.2
4,877.7
1.7
1.6
.2
-3.9
4.6
-.5
.9
-.3
.6
1.3
1.3
-6.5
2.1
1.5
1.4
1.8
1.7
.9
.7
-2.5
SURVEY OF CURRENT BUSINESS
34 • February 1992
Table 3.—National Income and Disposition of Personal Income
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter
National
income
Total
Wages
and salaries
Supplements to
wages
and salaries
Proprietors' income
with IVA and
CCAdj.
Rental
income
Nonfarm
sons
with
CCAdj.
Farm
Corporate profits with IVA and CCAdj.
of perTotal
IVA
CCAdj.
Profits
before
tax
Profits
aftertax
Net interest
Personal
income
Less:
Personal
tax and
nontax
Equals:
DPI
pay-
Saving
DPI in
Equals:
Less:
as perconstant
Personal Personal centage
(1987)
saving
outlays
of DPI
dollars
ments
1959
410.1
281.2
259.8
21.4
10.7
41.1
14.7
52.3
-.3
-.8
53.4
29.7
102
3912
44.5
346.7
324.7
22.0
6.3
1,284.9
1960
1961
1962
1963
1964
425.7
440.5
474.5
296.7
305.6
327.4
345.5
272.8
280.5
299.3
23.8
25.1
28.1
30.7
33.2
11.2
11.9
11.9
11.8
10.6
40.6
42.4
44.5
45.9
49.8
15.3
15.8
16.5
17.1
17.3
50.7
51.6
59.6
65.1
72.1
-.2
.3
0
.1
-.5
-.3
.3
32
3.9
4.6
51.1
51.0
56.4
28.4
11.2
13.1
14.6
16.1
18.2
409.2
426.5
453.4
476.4
48.7
360.5
3762
398.7
339.9
418.4
454.7
351.3
372.8
393.7
423.1
20.6
24.9
25.9
24.6
31.6
5.7
6.6
6.5
5.9
6.9
1,313.0
1,356.4
1,414.8
1,461.1
1,562.2
1965
1966
1967
1968
1969
586.9
643.7
679.9
36.1
42.7
46.6
52.8
60.1
12.9
14.0
12.7
12.7
14.4
52.1
55.3
58.2
62.4
64.5
18.0
18.5
19.4
18.2
18.0
82.9
88.6
86.0
92.6
89.6
-1.2
-2.1
-1.6
-3.7
-5.9
5.3
5.6
5.7
5.6
6.4
78.8
85.1
81.8
90.6
89.0
47.9
51.4
552.9
51.2
49.4
21.1
24.3
28.1
30.4
33.6
601.7
646.5
709.9
773.7
109.9
491.0
530.7
568.6
617.8
663.8
456.5
494.4
522.8
573.9
620.5
34.6
36.3
45.8
43.8
43.3
7.0
6.8
8.1
7.1
6.5
1,653.5
1,734.3
1,811.4
1,886.8
1,947.4
66.8
74.9
87.6
65.3
70.9
78.3
84.3
89.8
17.8
77.5
90.3
1032
-6.6
-4.6
-6.6
78.4
90.1
40.0
45.4
49.3
56.5
71.8
831.0
893.5
980.5
1,098.7
1,205.7
109.0
108.7
132.0
140.6
159.1
664.5
-20.0
-39.5
44.0
52.4
62.6
81.6
91.0
722.0
784.9
848.5
116.4
104.5
5.6
4.8
5.3
5.5
1.2
1,046.5
719.4
788.7
872.0
953.1
57.5
65.4
59.7
86.1
93.4
8.0
8.3
7.0
9.0
8.9
2,025.3
2,099.9
2,186.2
2,334.1
2,317.0
97.5
13.5
12.1
121.9
147.1
175.7
199.7
202.5
-11.0
-14.9
-16.6
-25.0
-41.6
-11.7
-11.0
-13.1
-17.3
80.0
85.1
1,307.3
1,446.3
1,601.3
1,807.9
2,033.1
156.4
182.3
210.0
240.1
280.2
1,150.9
1,264.0
1,391.3
1,567.8
1,753.0
1,050.6
1,171.0
1,303.4
1,460.0
1,629.6
100.3
114.6
129.4
146.2
157.0
107.8
123.3
8.7
7.4
6.3
6.9
7.0
2,355.4
2,440.9
2,512.6
2,638.4
2,710.1
501.5
539.1
371.0
314.8
337.7
363.7
400.3
428.9
741.0
798.6
399.8
443.0
475.5
524.7
578.4
1970
1971
1972
1973
1974
833.5
899.5
992.9
1,119.5
1,198.8
618.3
659.4
726.2
812.8
891.3
551.5
584.5
638.7
708.6
772.2
104.2
119.1
14.6
15.2
19.1
32.2
25.5
1975
1976
1977
1978
1979
1,285.3
1,435.5
1,609.1
1,829.8
2,038.9
948.7
1,058.3
1,177.3
1,333.0
1,496.4
814.7
899.6
994.0
1,120.9
1,255.3
134.0
158.7
183.3
212.1
241.1
23.7
18.3
17.1
21.5
24.7
1980
1981
1982
1983
1984
2,198.2
2,432.5
2,522.5
2,720.8
3,058.3
1,644.4
1,815.5
1,916.0
2,029.4
2,226.9
1,376.6
1,515.6
1,593.3
1,684.2
1 ,850.0
267.8
299.8
322.7
345.2
376.9
11.5
21.2
13.5
1985
1986
1987
1988
1989
3,268.4
3,437.9
3,692.3
4,002.6
4,244.7
2,382.8
2,523.8
2,698.7
2,921.3
3,101.3
1,986.3
2,105.4
2,261.2
2,443.0
2,585.8
396.5
418.4
437.4
478.3
515.5
1990
4,459.6
3,290.3
2,738.9
551.4
402.0
274.8
414.7
409.8
414.2
281.9
282.5
285.8
254.0
260.5
260.9
263.9
1960: 1
II
Ill
IV
426.1
425.8
426.4
424.6
294.2
1961:1
II
425.8
435.2
III '""'".
444.1
456.7
1959: 1
II
Ill
IV
... .
IV
1962: 1
II
ill
IV
465.3
471.8
477.0
483.8
471.9
518.3
182
16.8
17.3
15.8
9.0
8.9
8.4
160.3
159.6
157.3
184.3
214.7
20.8
21.9
22.1
23.3
177.7
182.0
151.5
212.7
2642
-43.0
-25.7
21.5
22.3
31.3
30.9
41.4
238.4
18.7
280.8
261.5
279.0
293.4
305.5
-7.9
271.6
319.8
365.0
351.7
2
9.7
-14.5
-27.3
-17.5
42.5
330.7
-12.9
319.0
-142
20.8
21.3
21.7
21.9
11.4
10.6
10.0
10.7
40.2
41.3
41.5
41.2
14.1
14.5
14.9
51.3
270.7
273.4
273.9
273.3
23.5
23.8
24.0
24.1
10.0
11.1
11.6
12.2
40.9
40.8
40.4
40.3
314.1
273.7
277.6
282.2
288.4
24.5
24.8
25.2
25.7
12.1
11.4
11.7
12.4
320.6
326.6
329.5
333.0
293.2
298.7
301.1
3042
27.4
27.9
28.3
28.8
337.9
342.6
347.7
353.9
307.9
328.2
334.8
297.1
297.9
297.4
298.3
302.4
307.4
2.4
21.3
132
8.7
3.2
4.3
-9.9
-8.5
-4.1
-.6
-7.6
612
68.0
104.5
130.9
142.8
140.4
173.7
282
32.4
34.9
40.0
492
89.5
510.7
50.3
54.8
58.0
56.0
61.9
71.0
77.9
92.1
958.1
109.5
130.3
154.4
173.4
100.7
120.5
149.9
10.4
27.8
176.3
210.7
240.5
156.1
147.8
113.2
133.5
146.4
233.4
262.4
270.0
307.9
2,265.4
2,534.7
2,690.9
2,862.5
3,154.6
312.4
360.2
371.4
368.8
395.1
1,952.9
2,174.5
2,319.6
2,493.7
2,759.5
1,799.1
1,982.6
2,120.1
2,325.1
2,537.5
153.8
191.8
199.5
168.7
222.0
7.9
8.8
8.6
6.8
8.0
2,733,6
2,795.8
2,820.4
2,893.6
3,080.1
55.5
44.1
46.4
44.7
24.7
225.0
217.8
287.9
347.5
344.5
128.5
111.3
160.8
210.5
206.6
3262
350.2
360.4
387.7
452.6
3,379.8
3,590.4
3,802.0
4,075.9
4,3802
436.8
459.0
512.5
527.7
591.7
2,943.0
3,131.5
3,289.5
3,548.2
3,788.6
2,753.7
2,944.0
3,147.5
3,392.5
3,622.4
189.3
187.5
142.0
155.7
166.1
6.4
6.0
4.3
4.4
4.4
3,162.1
3,261.9
3,289,6
3,404,,3
3,4712
332.3
-202
-21.2
-14.9
.8
-1.1
203.3
237.9
261.4
240.9
228.9
191.2
93.0
87.9
197.0
490.1
4,679.8
621.0
4,058.8
3,853.1
205.8
5.1
3,538.3
29.6
10.1
322
102
28.9
28.3
10.2
10.4
382.4
390.9
392.9
398.5
42.8
44.1
44.9
46.0
339.5
346.8
348.0
352.4
316.7
322.8
328.4
330.8
22.8
24.0
19.6
21.7
6.7
6.9
5.6
6.2
1,267.7
1,288.4
1,285.1
1,298.2
334.5
340.8
222
6.2
5.4
5.8
5.5
1,309,4
1,314.4
1,314.4
1,313.8
152
50.7
50.9
-.3
.8
-.6
-.9
-.7
53.0
57.8
51.9
50.8
15.2
15.3
15.4
15.5
54.9
50.8
49.8
47.4
-.9
-.6
.5
.3
-.4
-.3
-2
-.1
56.1
51.7
49.4
47.3
31.1
28.7
27.5
26.5
10.8
10.7
11.3
11.8
404.4
408.9
411.1
412.6
47.7
48.7
49.1
49.4
356.7
3602
362.0
363.1
341.0
343.3
41.4
42.2
42.8
43.4
15.6
15.8
15.9
16.1
46.3
50.6
52.8
56.6
-.1
1.0
.3
-2
.1
.4
.4
.3
46.4
25.8
122
272
52.1
56.4
28.8
31.1
12.9
13.4
14.1
49.6
49.9
50.5
51.3
366.8
372.3
378.8
386.9
344.1
349.1
3522
359.7
22.6
492
416.3
422.2
429.4
438.2
26.6
27.3
62
6.2
7.0
7.0
1,328.2
1,347.6
1,362.6
1,3872
12.1
11.7
11.7
12.2
43.9
44.5
44.9
44.9
16.2
16.3
16.6
16.9
59.0
58.3
59.4
61.6
.4
-.1
-.8
.5
3.0
3.1
3.2
3.3
55.5
55.3
56.9
57.8
31.7
31.7
32.7
33.5
13.6
14.5
14.9
15.3
443.7
52.4
451.3
456.5
462.1
542
391.3
397.1
55.5
56.9
400.9
405.2
364.3
370.5
374.9
381.5
27.1
26.6
26.0
23.7
6.9
6.7
6.5
5.9
1,399.0
1,410.9
1,420.6
1,428.8
30.0
30.3
30.9
31.7
11.9
11.5
11.6
12.1
45.0
45.4
46.1
47.0
17.0
17.2
17.0
61.7
65.0
57.3
60.8
62.4
64.1
32.9
34.7
35.6
36.6
15.3
15.7
16.4
16.9
57.4
57.8
58.2
58.6
409.4
67.7
3.4
3.9
4.0
4.4
466.8
172
1.0
.2
-2
-.8
420.4
429.6
385.3
389.9
397.4
402.3
24.1
24.1
23.1
27.3
5.9
5.8
5.5
6.4
1,438.9
1,449.3
1,464.8
1,491.4
32.1
32.9
33.6
34.3
10.7
10.0
10.2
11.7
48.5
49.8
50.5
50.6
17.4
17.3
17.3
17.3
71.9
71.7
72.8
71.9
-2
-.1
-.9
-.7
4.6
4.4
4.7
4.5
67.5
67.5
69.1
68.0
39.7
39.6
40.6
40.1
17.4
17.9
18.6
18.9
497.0
505.7
57.3
53.7
55.6
57.3
439.7
452.0
459.8
467.2
411.9
419.9
429.0
431.7
27.8
32.1
30.7
35.5
6.3
7.1
6.7
7.6
1,519.2
1,555.9
1,576.5
1,597.2
34.9
35.6
36.5
37.5
11.9
12.7
13.2
13.9
51.0
51.6
52.2
53.6
17.6
18.0
18.1
18.3
79.7
81.9
82.9
87.0
-.4
4.9
5.3
5.6
5.4
752
77.7
78.8
83.6
45.8
47.4
48.0
50.7
20.2
21.0
21.6
21.7
534.8
544.8
559.0
572.9
61.1
62.4
612
473.7
482.4
497.8
62.7
510.2
442.5
450.0
459.5
473.8
31.2
32.4
38.4
36.4
6.6
6.7
7.7
7.1
1,607.6
1,630.5
1,672.7
1,703.0
15.6
13.4
13.4
13.6
54.7
54.9
55.5
56.2
18.5
18.3
18.5
18.6
90.2
88.7
87.1
88.3
-12
5.6
5.5
5.6
5.7
85.7
85.9
85.2
83.5
51.8
51.9
51.5
50.5
22.8
23.8
24.7
25.9
584.3
593.9
607.5
66.1
70.2
72.5
4842
489.5
499.0
504.7
34.0
34.2
36.0
41.2
6.6
6.5
6.7
7.6
1,713.0
1,720.2
1,741.2
1,762.9
-.4
80.3
80.0
81.3
85.5
48.1
48.1
49.1
51.4
26.7
27.6
28.5
29.4
631.1
638.6
652.3
664.0
'" 76.0
555.0
562.9
573.4
583.3
509.8
519.8
527.0
534.6
45.3
43.0
46.4
48.6
8.2
7.6
8.1
8.3
1,788.6
1,802.6
1,819.5
1,834.9
83.3
86.7
97.1
5992
553.1
567.1
583.4
592.1
46.1
48.2
39.1
42.0
7.7
7.8
6.3
6.6
1,859.6
1,889.4
1,889.9
1,908.2
35.5
38.5
49.0
50.3
5.6
5.9
7.3
7.3
1,908.5
1,927.9
1,967.8
1,985.6
671.6
678.5
48.9
57.4
60.9
62.9
7.0
8.0
8.3
8.5
1,990.6
2,020.1
2,045.3
2,045.2
562
-1.0
19.5
20.9
19.8
232
1963: 1
||
III
IV
488.7
497.6
504.9
1964: 1
II
Ill
IV
526.1
534.4
544.5
551.4
360.3
367.7
375.0
381.0
341.4
346.7
1965: 1
II
Ill
IV
568.1
579.6
590.7
609.1
387.6
394.4
402.6
352.8
358.8
366.2
414.6
377.1
1966: 1
II
Ill
IV
628.7
637.2
648.5
660.3
426.9
438.1
449.2
457.6
385.7
395.9
406.1
413.4
41.2
42.2
43.1
44.2
1967: 1
II
Ill
IV
664.8
670.7
684.7
699.3
463.9
469.4
479.0
489.8
418.8
423.5
431.9
441.5
45.1
45.8
47.0
48.3
12.5
12.0
12.9
13.3
57.2
57.8
59.0
58.9
19.1
19.7
19.7
19.3
85.4
84.3
85.5
88.6
-1.3
-1.7
-2.8
5.5
5.6
5.9
5.9
1968: 1
II
Ill
IV
715.5
504.5
733.9
749.6
764.9
518.0
531.9
544.5
454.1
465.9
478.3
489.3
50.4
52.1
53.6
55.1
12.6
12.0
12.5
13.6
60.4
62.1
63.3
63.8
18.5
18.3
89.5
93.1
93.2
94.5
-4.7
-2.9
-3.0
-4.1
5.7
5.7
5.5
5.6
88.5
90.3
90.6
93.0
49.9
51.0
51.2
52.7
29.9
30.5
30.5
30.7
682.4
702.0
719.6
735.4
101.3
615.3
622.5
634.1
1969: 1
||
Ill
IV
778.1
791.7
808.0
816.5
556.6
570.4
587.4
499.0
12.8
13.7
14.5
16.8
64.4
64.8
64.9
63.9
17.9
18.3
18.1
17.8
942
-4.9
-5.2
-4.9
-8.4
6.2
6.4
6.6
6.5
93.0
51.7
50.0
48.4
47.4
322
33.1
34.2
35.0
747.4
764.9
783.8
798.7
107.9
111.2
109.5
111.0
639.5
653.7
674.3
687.7
604.0
511.3
526.3
536.4
57.6
59.1
61.0
62.7
1970: 1
II
Ill
IV
819.7
829.5
841.6
843.1
609.5
545.0
549.0
555.6
556.3
64.5
66.0
67.8
69.0
15.5
13.5
14.2
15.0
64.0
64.6
65.8
66.9
17.6
17.7
17.4
18.3
76.3
79.8
79.4
74.5
-8.8
-4.6
78.9
78.7
36.7
39.0
41.4
43.1
808.1
827.9
839.0
849.0
110.4
111.4
106.5
107.6
648.8
659.0
75.9
44.7
44.4
44.9
42.1
697.7
-6.6
62
5.7
5.4
5.2
1971:1
874.4
642.2
654.1
664.5
676.7
570.1
580.2
588.6
598.9
72.2
73.9
75.9
77.7
14.7
14.2
14.6
17.5
67.9
70.1
71.9
73.8
18.0
18.5
18.4
18.0
87.3
89.2
91.1
93.7
-3.6
-4.7
-5.6
-4.5
4.8
4.9
4.9
4.6
86.1
88.9
91.7
93.6
48.8
50.7
54.2
55.7
442
891.3
906.4
925.9
453
866.3
887.8
46.0
46.2
901.3
918.7
104.4
106.9
108.9
114.5
761.9
780.9
792.4
804.2
698.1
712.5
725.3
741.9
63.8
68.4
67.1
62.3
8.4
8.8
8.5
7.7
2.073.9
2,098.0
2,106.6
2,121.1
955.5
701.4
716.9
731.2
755.4
617.8
630.4
642.3 .
664.2
83.6
86.5
88.9
91.3
15.0
16.6
19.9
24.9
75.3
76.3
79.6
82.2
18.6
14.2
16.9
17.4
98.8
99.1
-5.8
-5.8
-5.8
-9.0
5.2
4.6
5.3
5.9
99.4
103.8
110.9
100.4
104.3
114.0
59.4
60.1
62.8
68.3
46.5
47.9
50.1
52.5
945.0
959.7
987.3
1,029.9
129.0
130.9
132.3
135.8
816.0
828.8
855.0
894.1
759.3
777.8
796.3
56.7
51.0
58.7
72.6
6.9
6.1
6.9
8.1
2.129.7
2,149.1
2,193.9
2,272.0
514.7
||
HI
IV ".
1972: 1
II
Ill
IV
971.0
,...
1,001.6
1,043.3
599.1
615.0
623.4
625.2
312.3
316.8
322.2
182
17.9
662
91.4
88.9
84.0
-1.1
-1.5
-1.9
-2.7
-3.6
-1.0
-62
902
872
85.8
802
471.8
478.6
488.1
515.4
524.6
621.1
752
75.7
78.9
80.8
414.0
518.2
523.7
535.0
546.0
716.5
732.5
741.5
615.2
625.3
637.4
821.5
SURVEY OF CURRENT BUSINESS
February 1992 • 35
Table 3.—National Income and Disposition of Personal Income—Continued
[Billions of dollars; quarterly data are seasonally adjusted at annual rates]
Compensation of employees
Year and
quarter
National
income
Total
Wages
and salaries
Supplements to
wages
and salaries
Proprietors' income
with IVA and
CCAdj.
Farm
Nonfarm
Rental
income
of persons
with
CCAdj.
Corporate profits with IVA and CCAdj.
Total
IVA
CCAdj.
Profits
before
tax
Profits
aftertax
Net interest
Personal
income
Less:
Personal
tax and
nontax
payments
Equals:
DPI
Saving
DPI in
Less:
Equals: as
per- constant
Personal Personal centage
(1987)
saving
outlays
of DPI
dollars
1973: 1
II
Ill
IV
1,080.8
1,098.6
1,127.0
1,171.7
783.5
802.4
821.4
844.0
683.2
700.0
716.1
735.3
100.3
102.4
105.3
108.7
23.4
28.4
32.0
45.1
85.3
82.9
84.1
84.8
16.5
16.5
17.2
18.9
117.9
114.4
115.3
118.2
-16.1
-21.7
-19.0
-23.4
5.7
5.2
5.0
6.1
128.3
130.8
129.3
135.4
79.1
81.2
81.3
85.0
54.1
54.0
57.0
60.8
1,053.7
1,078.6
1,108.5
1,153.9
135.2
136.8
141.9
148.3
918.5
941.8
966.5
1,005.7
846.4
862.0
881.3
898.4
72.1
79.7
85.3
107.3
7.9
8.5
8.8
10.7
2,300.7
2,315.2
2,337.9
2,382.7
1974: 1
II
Ill
IV
1,174.3
1,184.4
1,211.0
1,225.5
861.7
882.1
904.4
917.0
748.1
765.2
783.0
792.4
113.6
117.0
121.4
124.6
32.2
19.5
22.3
28.0
86.3
88.9
91.9
92.2
18.6
16.3
15.9
12.6
109.5
107.0
102.9
98.7
-33.0
-38.3
-51.5
-35.0
4.6
2.7
.5
-3.2
137.8
142.6
153.9
136.9
89.0
91.2
97.1
86.8
66.0
70.6
73.7
77.1
1,165.5
1,185.6
1,223.9
1,247.7
151.1
157.0
162.9
165.4
1,014.3
1,028.5
1,061.0
1,082.3
916.0
944.3
972.3
979.9
98.3
84.2
88.7
102.4
9.7
8.2
8.4
9.5
2,334.7
2,304.5
2,315.0
2,313.7
1975: 1
II
1,224.6
1,251.9
1,311.3
1,353.4
919.4
931.0
957.3
987.1
791.8
800.2
821.2
845.6
127.7
130.8
136.1
141.5
20.3
20.2
26.1
28.2
93.4
95.0
99.0
102.7
13.2
13.9
13.6
13.5
1002
112.6
134.3
140.4
-12.7
-7.3
-12.2
-11.7
-5.6
-7.0
-6.2
-9.6
118.4
126.9
154.7
161.6
75.8
81.0
97.8
103.4
78.1
79.2
81.1
81.6
1,255.1
1,284.7
1,324.8
1,364.5
166.1
129.8
161.9
167.7
1,089.0
1,154.9
1,162.8
1,196.8
1,004.5
1,033.6
1,067.9
1,096.5
84.5
121.3
95.0
100.3
7.8
10.5
8.2
8.4
2 282.5
2,390.3
2,359.4
2,389.4
IV
1,399.9
1,419.4
1,445.4
1,477.2
1 021 9
1,045.5
1,069.6
1,096.2
871 1
889.2
908.3
929.8
1509
156.3
161.3
166.5
21.3
17.5
17.1
17.3
110.1
113.7
115.3
119.4
13.6
12.4
11.4
11.0
151.2
146.0
146.0
145.0
-11.6
-15.5
-15.9
-16.6
-109
-12.2
-12.1
-11.6
1737
173.8
174.1
173.2
1084
109.2
110.0
110.3
818
84.4
85.9
88.3
14007
1,426.4
1,460.5
1,497.6
1716
178.8
185.8
193.2
12291
1,247.7
1,274.7
1,304.4
1,131.7
1,152.0
1,182.1
1,218.1
97.4
95.7
92.6
86.4
7.9
7.7
7.3
6.6
2424.5
2,434.9
2,444.7
2,459.5
1977: 1
II
Ill
IV
1,525.7
1,586.2
1,647.4
1,677.0
1,124.5
1,161.0
1,193.3
1,230.4
949.9
980.8
1,007.3
1,038.0
174.6
180.2
186.0
192.4
17.4
15.3
18.9
16.6
123.7
127.4
131.6
134.8
10.4
9.0
9.9
6.7
155.1
175.4
190.2
182.0
-22.3
-16.0
-10.6
-17.7
-11.6
-11.3
-10.1
-11.0
189.0
202.8
210.8
210.6
121.5
129.7
135.1
134.8
94.7
98.0
103.5
106.5
1,534.6
1,575.0
1,626.8
1,668.8
205.7
206.4
209.1
218.9
1,328.9
1,368.6
1,417.7
1,449.8
1,255.6
1,284.7
1,317.0
1,356.2
73.4
83.9
100.7
93.7
5.5
6.1
7.1
6.5
2,463.0
2,490.3
2,541.0
2,556.2
1978: 1
II
III
1,715.4
1,813.4
1,863.2
1,927.1
1,265.8
1,316.1
1,352.8
1,397.5
1,063.1
1,106.7
1,137.9
1,176.1
202.7
209.4
214.9
221.4
17.3
23.7
23.4
21.7
137.9
146.1
148.0
152.6
8.2
7.7
10.0
9.8
174.4
201.8
206.2
216.4
-22.3
-24.9
-24.6
-28.4
-11.7
-12.8
-13.8
-14.3
208.4
239.5
244.5
259.1
137.5
154.0
158.0
167.8
111.8
118.1
122.9
129.1
1,712.3
1,783.6
1,838.8
1,896.8
222.3
233.4
246.9
258.0
1,490.0
1,550.2
1,592.0
1,638.8
1,387.5
1,447.9
1,482.6
1,522.1
102.6
102.3
109.4
116.7
6.9
6.6
6.9
7.1
2,587.3
2,631.9
2,653.2
2,680.9
1979: 1
II
Ill
IV
1,969.6
2,010.2
2,063.6
2,112.4
1,441.5
1,474.2
1,514.2
1,555.7
1,209.5
1,236.6
1,270.2
1,304.8
232.0
237.6
243.9
250.9
27.0
24.3
24.9
22.8
151.2
156.0
160.9
160.0
8.1
6.7
7.9
10.7
204.8
204.7
203.0
197.6
-37.3
-41.7
-45.2
-42.2
-15.3
-17.2
-18.2
-18.6
257.3
263.5
266.4
258.4
168.2
174.1
178.1
173.4
136.9
144.3
152.8
165.6
1,947.9
1,995.1
2,063.8
2,125.7
264.6
273.0
286.1
297.1
1,683.4
1,722.2
1,777.7
1,828.6
1,563.6
1,599.7
1,653.9
1,701.4
119.7
122.5
123.9
127.2
7.1
7.1
7.0
7.0
2,699.2
2,697.6
2,715.3
2,728.1
1980:1
2,163.4
2,136.8
2,189.7
2,302.9
1,596.5
1,617.8
1,649.6
1,713.6
1,337.7
1,353.9
1,379.9
1,434.9
258.8
264.0
269.7
278.7
14.2
.9
11.3
19.7
161.5
157.5
158.4
163.7
13.6
9.1
12.6
17.4
196.6
163.5
167.5
183.0
-54.4
-35.0
-43.0
-39.7
-19.6
-20.4
-20.7
-20.1
270.6
218.9
231.2
242.8
174.3
144.5
151.0
154.6
180.9
187.9
190.3
205.6
2,190.5
2,206.0
2,281.9
2,383.2
296.8
304.9
315.7
332.3
1,893.7
1,901.1
1,966.1
2,050.9
1,751.9
1,755.3
1,813.4
1,875.9
141.8
145.8
152.8
175.0
7.5
7.7
7.8
8.5
2,742.9
2,692.0
2,722.5
2,777.0
2,378.7
2,400.3
2,475.7
2,475.3
1,766.0
1,797.3
1,835.0
1,863.6
2926
297.0
302.2
307.6
22.8
23.3
22.3
16.4
166.8
158.7
157.9
155.1
21.3
20.1
20.1
21.9
189.8
176.4
191.8
170.1
-39.4
-25.9
-18.9
-18.6
-21.5
-21.0
-20.3
-21.9
250.7
223.3
231.0
210.6
159.5
143.7
147.6
140.3
212.0
224.6
248.6
248.2
2,453.9
2,497.5
2,580.2
2,607.1
344.4
356.9
371.7
367.9
2,109.5
2,140.6
2,208.5
2,239.2
1,929.8
1,964.5
2,009.4
2,026.8
179.7
176.1
199.1
212.3
8.5
8.2
9.0
9.5
2,783.7
2,776.7
2,814.1
2,808.8
1982- 1
II
Ill
IV
2,474.3
2,524.1
2,540.2
2,551.5
1,887.8
1,908.1
1,927.6
1,940.4
1,473.4
1,500.3
1,532.8
1,556.0
1,572.1
1,586.9
1,602.3
1,611.8
315.7
321.2
325.3
328.6
15.8
16.2
11.5
10.2
144.1
156.4
158.9
169.6
21.2
20.0
22.4
24.1
146.1
152.4
157.1
150.3
-12.0
-9.4
-9.8
-8.6
-19.4
-17.1
-13.4
-9.6
177.4
178.9
180.3
168.6
114.4
114.0
114.6
109.9
259.3
271.0
262.6
256.8
2,626.7
2,679.9
2,710.4
2,746.8
370.2
376.5
366.8
372.1
2,256.5
2,303.4
2,343.6
2,374.7
2,065.2
2,089.9
2,134.3
2,190.9
191.3
213.5
209.3
183.8
8.5
9.3
8.9
7.7
2,795.0
2,824.8
2,829.0
2,832.6
1983: 1
II
Ill
IV
2,605.5
2,691,4
2,751.8
2,834.3
1,966.4
2,003.9
2,046.1
2,101.2
1,629.0
1,661.6
1,698.9
1,747.3
337.4
342.3
347.1
353.9
7.5
3.2
-7.5
6.3
170.8
182.4
190.0
193.8
23.5
23.3
19.3
222
177.5
214.6
229.5
229.1
.6
-8.4
-18.5
-7.6
3.4
11.1
14.3
12.9
173.5
211.9
233.7
223.8
113.6
133.0
145.7
141.6
259.7
263.9
274.5
281.8
2,772.2
2,832.7
2,879.4
2,965.8
366.4
375.4
361.8
371.6
2,405.8
2,457.3
2,517.6
2,594.3
2,226.6
2,298.1
2,357.6
2,417.9
179.2
159.2
160.0
176.3
7.4
6.5
6.4
6.8
2,843.6
2,867.0
2,903.0
2,960.6
1984:1
II
Ill
IV
2,972.9
3,037.4
3,088.3
3,134.4
2,160.9
2,208.3
2,250.3
2,288.1
1,791.4
1,833.7
1,871.1
1,903.9
369.5
374.7
379.2
384.2
31.4
15.2
16.7
21.9
205.1
216.3
219.6
217.7
22.8
22.3
24.0
24.3
264.1
270.8
260.5
261.3
-13.9
-7.0
1.1
3.5
19.5
23.7
30.2
37.7
258.5
254.0
229.3
220.1
155.1
152.6
141.8
136.3
288.7
304.5
317.2
321.1
3,062.1
3,121.7
3,192.1
3,242.5
378.3
387.5
401.2
41314
2,683.9
2,734.2
2,791.0
2,829.1
2,466.4
2,521.1
2,556.2
2,606.5
217.4
213.1
234.8
222.6
8.1
7.8
8.4
7.9
3,033.2
3,065.9
3,102.7
3,118.5
1985: 1
II
Ill
IV
1986: 1
II
III
(V
3,198.0
3,243.9
3,289.7
3,341.9
3,397.4
3,423.5
3,444.9
3,486.0
2,328.6
2,362.8
2,397.3
2,442.5
2,477.5
2,499.9
2,535.2
2,582.5
1,938.7
1,968.4
1,998.9
2,039.1
2,067.4
2,085.4
2,115.0
2,153.9
389.9
394.4
398.4
403.3
410.2
414.5
420.2
428.6
28.0
25.9
14.4
17.8
12.8
32.1
20.6
23.6
229.1
233.1
240.3
250.9
266.8
277.0
294.3
284.9
290.1
268.7
263.1
264.6
-3.2
2.4
5.6
-3.8
49.2
56.7
59.2
56.9
220.8
218.0
229.5
231.8
125.2
124.8
129.8
134.2
323.5
323.4
326.1
331.9
3,313.0
3,358.0
3,391.3
3,456.7
450.1
407.1
441.1
448.8
2,862.9
2,950.9
2,950.2
3,007.9
2,672.4
2,722.1
2,791.6
2,828.7
190.5
228.8
158.6
179.2
6.7
7.8
5.4
6.0
3,123.6
3,189.6
3,156.5
3,178.7
258.9
260.3
265.8
260.9
22.1
21.6
17.3
14.0
12.2
10.7
7.0
4.7
27.7
15.4
6.6
-10.7
50.9
44.7
41.1
39.6
211.5
208.6
215.4
235.7
109.2
106.0
111.0
119.2
345.8
351.9
353.3
349.7
3,521.4
3,580.7
3,612.0
3,647.8
445.8
450.2
461.4
478.5
3,075.5
3,130.5
3,150.6
3,169.3
2,876.2
2,905.4
2,976.2
3,018.2
199.3
225.1
174.4
151.1
6.5
7.2
5.5
4.8
3,227.5
3,281.4
3,272.6
3,266.2
1987: 1 ,.,.,
II
III
IV
3,572.3
3,645.9
3,722.3
3,828.8
2,627.3
2,665.5
2,716.6
2,785.1
2,196.9
2,232.3
2,278.9
2,336.7
430.4
433.2
437.7
448.4
34.1
27.9
20.7
42.4
273.6
277.3
282.3
282.6
2.2
1.3
2.4
6.8
282.6
315.6
338.0
343.3
-10.0
-13.9
-16.1
-17.8
41.6
45.1
49.2
49.9
251.0
284.4
304.9
311.2
140.2
157.9
169.1
176.0
352.5
358.2
362.3
368.6
3,715.8
3,759.5
3,814.2
3,918.5
474.0
535.5
511.8
528.6
3,241.9
3,224.0
3,302.4
3,389.9
3,057.4
3,125.5
3,187.1
3,220.1
184.5
98.5
115.2
169.8
5.7
3.1
3.5
5.0
3,295.2
3,241.7
3,285.7
3,335.8
1988: 1
II
Ill
IV
3,888.8
3,966.3
4,027.6
4,127.6
2,834.6
2,895.4
2,950.2
3,004.9
2,371.5
2,422.9
2,467.0
2,510.6
463.1
472.5
483.2
494.3
35.4
34.1
23.1
30.9
285.5
292.0
293.8
302.5
6.2
4.1
4.2
2.8
352.1
364.2
365.3
378.3
-18.8
-26.1
-32.6
-31.7
48.8
47.4
44.8
37.9
322.1
342.9
353.0
372.2
195.5
207.2
213.4
226.0
374.9
376.5
391.1
408.1
3,967.7
4,037.9
4,102.9
4,195.2
510.8
530.4
527.7
542.0
3,456.8
3,507.6
3,575.2
3,653.2
3,294.8
3,355.7
3,422.8
3,496.7
162.0
151.8
152.4
156.4
4.7
4.3
4.3
4.3
3,380.1
3,386.3
3,407.5
3,443.1
1989: 1
II
Ill
IV
4,202.6
4,230.9
4,244.7
4,300.5
3,051.8
3,081.0
3,114.9
3,157.4
2,547.8
2,569.4
2,595.8
2,630.2
503.9
511.6
519.1
527.2
51.5
43.8
29.6
41.0
305.5
303.2
303.2
310.2
-2.2
-6.5
-10.3
-12.5
366.2
361.0
345.0
334.7
-37.6
-15.7
-3.3
-13.5
33.2
28.7
21.4
15.4
370.5
347.9
326.9
332.8
221.3
206.2
195.7
203.0
429.9
448.4
462.4
469.6
4,303.8
4,351.7
4,390.9
4,474.4
574.3
597.6
591.8
602.9
3,729.5
3,754.2
3,799.1
3,871.4
3,536.5
3,594.2
3,657.7
3,701.3
193.0
160.0
141.4
170.1
5.2
4.3
3.7
4.4
3,473.9
3,450.9
3,466.9
3,493.0
1990: 1
II
Ill
IV
4,395.5
4,461.0
4,475.2
4,506.8
3,216.1
3,279.9
3,325.3
3,340.0
2,675.9
2,731.6
2,769.9
2,778.3
540.1
548.3
555.4
561.6
50.9
45.3
32.4
41.2
324.9
328.8
336.5
332.7
-14.2
-17.3
-10.4
-9.5
340.2
339.8
299.8
296.1
-6.6
3.8
-32.6
-21.2
10.2
4.4
-2.7
-8.8
336.6
331.6
335.1
326.1
199.1
193.7
196.3
199.0
477.5
484.5
491.8
506.4
4,580.6
4,654.7
4,719.3
4,764.7
606.6
622.7
627.5
627.2
3,974.0
4,032.0
4,091.8
4,137.5
3,777.4
3,816.2
3,896.2
3,922.5
196.6
215.9
195.6
215.0
4.9
5.4
4.8
5.2
3,531.4
3,545.3
3,547.0
3,529.5
Ill
IV
1976: 1
III '"!.'."
iv !!!!'.!!!!
||
III
IV
1981:1
III '""I"
IV
NOTE—IVA=lnventory valuation adjustment; CCAdj.=CapitaI consumption adjustment; DPI=Disposable personal
income.
SURVEY OF CURRENT BUSINESS
February 1992
Table 4.—Price Indexes and the Gross Domestic Product Implicit Price Deflator
[Index numbers, 1987=100; quarterly data are seasonally adjusted
Fixed-weighted price indexes
Personal consumption expenditures
Year and
quarter
GDP
Total
Durable
goods
Nondurable
goods
Percent change from
preceding period
Fixed investment
Government purchases
Exports
Services
1982
1983
1984
84.8
88.1
91.1
83.2
86.7
89.9
92.4
93.7
94.9
88.8
91.1
93.7
77.4
82.4
86.4
1985
1986
1987
1988
1989
94.3
97.0
100.0
103.9
108.4
93.3
96.1
100.0
104.3
109.3
96.0
97.1
100.0
102.0
104.6
962
962
100.0
103.8
109.5
113.1
115.0
106.8
832
84.3
85.5
86.4
81.8
82.5
83.8
84.6
91.9
92.4
92.7
92.7
1983: 1
||
III
IV
87.1
87.7
88.5
89.3
85.3
86.3
87.3
88.2
1984: 1
||
Ill
90.1
90.6
91.4
92.3
1985* I .. ..
1986: 1
II
Ill
IV
Total
Nonresidential
Residential
Total
95.8
95.0
94.8
100.6
98.5
97.0
90.9
95.8
100.0
105.1
110.4
95.8
97.9
100.0
1032
1062
97.5
98.9
100.0
102.7
105.5
92.1
95.8
100.0
104.3
107.8
982
97.3
100.0
105.7
108.1
116.2
116.3
108.7
107.9
110.4
88.0
88.2
89.4
89.7
75.4
76.6
78.1
79.5
95.2
95.7
96.1
96.4
100.1
100.5
100.8
101.0
84.2
85.1
85.8
86.1
93.1
93.3
93.8
94.5
89.7
90.9
91.7
92.0
80.6
81.7
82.9
84.2
95.7
95.0
94.6
94.7
99.7
98.7
97.9
97.7
88.9
89.5
90.3
91.0
94.4
94.9
95.0
95.2
93.1
93.4
93.8
94.4
85.0
85.8
86.9
87.9
94.7
94.5
94.8
952
93.2
93.9
94.7
95.6
920
92.8
93.7
94.8
95.8
95.9
96.0
96.3
95.2
96.0
96.4
97.2
89.0
90.1
91.4
92.9
96.0
96.6
972
98.0
95.4
95.5
96.3
97.1
96.3
96.6
97.4
97.9
97.0
95.4
95.9
96.3
1987' I . ...
II
Ill
...
IV
98.8
99.5
100.4
101.3
98.4
99.5
100.5
101.6
98.8
99.6
100.5
101.0
1988: 1
||
Ill
IV
102.2
103.3
104.6
105.6
102.3
103.6
105.0
106.2
1989: 1
II
III ".". .".
IV
106.8
108.0
109.0
110.0
1990: 1
111.3
112.6
113.9
114.8
. . .
1990
1982: I
II
Ill
IV
... .
iv .'!!."""
II
Ill ....
IV
111 "Z!".'
IV
85.3
87.3
89.8
100.1
99.5
99.8
101.5
98.0
97.0
85.0
88.5
92.2
Federal
88.5
92.2
95.6
State and
local
Gross ' GDP IPD
domestic
purchases
FWPI
Gross
domestic:
purchases
GDP
823
85.5
89.6
85.5
88.3
91.1
83.8
872
91.0
3.8
3.3
3.3
3.0
94.4
96.9
100.0
103.9
108.4
3.5
2.7
3.1
3.9
4.3
3.3
2.7
3.4
3.9
4.3
94.6
93.8
100.0
105.4
108.6
95.4
97.6
100.0
103.7
107.9
97.9
99.0
100.0
102.8
107.2
93.5
96.5
100.0
104.3
108.5
94.1
96.6
100.0
103.9
108.5
109.8
113.3
112.4
112.1
112.7
113.4
112.9
4.3
4.5
100.9
100.7
99.8
99.1
103.7
102.1
100.6
99.8
83.3
84.6
85.5
86.7
86.8
882
88.8
90.4
80.5
81.8
82.9
83.9
84.1
84.9
86.0
86.9
82.3
83.4
84.3
85.0
52
5.9
4.3
42
5.3
4.0
86.9
86.9
87.2
88.0
99.3
99.2
99.4
100.1
982
982
98.1
97.6
87.5
882
88.8
89.3
91.5
922
92J
92.7
84.4
85.1
85.9
86.7
87.3
88.0
88.7
89.3
86.0
86.6
87.5
88.4
3.3
2.9
3.4
3.7
22
2.9
32
3.0
97.2
96.8
96.9
97.2
89.1
89.3
90.1
90.8
99.8
100.3
100.1
992
97.5
97.6
97.2
95.9
90.8
91.6
92.6
93.9
94.3
94.7
95.7
97.7
882
89.2
90.1
91.0
90.1
90.6
91.3
92.2
89.7
90.6
91.6
922
3.6
2.5
3.4
4.1
3.6
2.2
3.2
3.7
95.3
95.4
95.9
96.5
97.0
972
97.6
98.0
91.6
91.5
92.0
93.1
98.5
98.5
97.9
98.0
94.1
94.1
94.1
96.1
94.3
95.1
95.5
96.9
97.0
97.6
97.6
99.4
92.1
93.2
93.9
94.9
92.9
93.6
94.3
95.4
93.3
94.0
94.6
95.5
3.9
3.3
3.1
3.8
3.1
3.2
3.2
4.7
94.2
95.3
96.3
97.3
97.0
97.5
98.3
98.9
98.2
98.7
99.3
99.6
94.4
95.0
96.1
97.3
97.6
97.4
96.8
97.7
96.3
92.9
93.4
94.1
97.0
97.3
97.7
98.3
99.1
99.0
99.0
99.0
95.5
95.9
96.7
97.8
96.0
96.2
96.9
97.6
96.0
96.5
972
98.0
2.0
2.5
2.5
3.0
2.2
.9
2.9
3.0
98.4
99.6
100.5
101.5
98.3
99.3
100.5
101.9
99.4
99.7
100.0
100.9
99.7
99.8
99.8
100.7
98.7
99.5
100.4
101.5
98.4
99.8
1002
101.8
96.9
99.7
100.8
102.7
99.0
99.7
100.4
101.0
99.7
100.0
100.1
1002
98.5
99.4
100.6
101.5
98.7
99.5
100.4
101.4
98.8
99.5
100.3
101.2
3.6
2.8
3.4
3.7
4.6
3.5
3.7
3.9
100.9
101.5
102.4
103.3
101.8
103.0
104.6
105.7
103.0
104.5
105.9
1072
1022
102.8
103.3
104.4
101.7
102.3
102.8
103.9
103.2
103.9
104.4
105.4
103.1
105.6
107.1
107.0
104.0
106.1
105.0
106.5
102.4
103.3
104.1
104.9
101.9
102.6
103.0
103.7
102.8
103.8
104.9
105.7
102.3
103.4
104.5
105.6
102.1
1032
104.5
105.5
3.6
4.5
5.4
3.7
3.6
4.4
4.3
4.2
107.5
108.9
109.8
111.0
103.9
104.2
104.8
105.4
107.1
109.7
110.1
111.0
108.6
109.7
110.8
112.4
105.3
106.0
106.5
107.1
104.7
105.1
105.7
106.4
106.6
107.9
108.2
108.7
108.1
108.3
108.0
108.0
108.7
109.4
107.8
108.8
106.8
107.6
1082
109.1
106.3
106.8
107.3
108.3
1072
108.1
108.9
109.7
106.9
108.2
108.9
110.0
106.9
108.0
108.9
109.9
4.8
4.5
3.5
3.7
5.3
4.6
2.8
4.0
112.8
114.0
115.7
117.6
106.5
106.6
106.7
107.4
113.7
114.6
116.9
119.8
113.9
115.4
117.1
118.7
108.1
108.4
109.0
109.4
107.2
107.4
108.2
108.9
110.0
110.5
110.9
110.4
108.4
109.5
110.7
110.6
112.1
110.5
112.4
119.0
110.8
111.6
112.9
114.3
110.4
111.3
112.7
113.8
111.0
111.9
113.1
114.6
111.6
112.6
114.0
115.6
111.1
112.3
113.6
114.5
5.0
4.6
4.8
3.2
6.1
3.5
5.0
5.8
6DP=Gross domestic product; IPD=lmplicit Price Deflator; FWPI=Fixed-weighted price index
NOTE.—Fixed-weighted price indexes beginning with 1959 for personal consumption expenditures, residential fixed
investment, and government purchases will be published this summer in a separate volume (see entry 2.7 of the
"User's Guide to BEA Information" in this issue). Fixed-weighted price indexes prior to 1982 for the other series
Imports
shown in this table will not be published because the use of 1987 weights assigns an inappropriately large weight
to the price of computers. For all of these series, alternative price indexes based on weights of more than a single
year will be published in a forthcoming issue of the SURVEY OF CURRENT BUSINESS.
February 1992
SURVEY OF CURRENT BUSINESS
37
User's Guide to BEA Information
BEA provides basic information on such key issues
as economic growth, inflation) regional development,
and the Nation's role in the world economy. This
guide, which lists the most recent and most frequently
requested BEA products and services, helps users locate
that information.
The guide contains program descriptions and
General
entries for specific products and services. The first seetion, entitled "General" describes the products and
services that cut across the range of BEA s work. The
following sections describe the products and services related to BEA's four program areas: National economics,
regional economics, international economics, and other
tools for economic analysis.
BEA'S current national, regional, and international estimates usually appear first in
news releases. (For upcoming release dates, see the outside back cover of this issue.)
The information in news releases is available to the general public in three forms: On
recorded telephone messages, online through the Economic Bulletin Board, and in
BEA Reports. This section describes these services, as well as the SURVEY OF CURRENT
BUSINESS—BEA'S monthly publication of record—and products related to it. Most
of BEA'S work is presented in the SURVEY OF CURRENT BUSINESS, either in full or in
summary form. The presentations of current estimates and analyses are usually on a
regular schedule; this schedule is noted in each of the program-description sections
that follow. For more information on BEA'S programs, products, and services, write to
the Public Information Office, BE-53, Bureau of Economic Analysis, U.S. Department
of Commerce, Washington, DC 20230, or call (202) 523-0777.
1.1 Recorded Telephone Messages. Brief (3-5 minutes) recorded telephone messages summarizing key estimates immediately after their release. The messages are
available 24 hours a day for several days following release. The usual time of release
(eastern standard or eastern daylight time) and the telephone numbers to call are as
follows:
Leading Indicators (8:30 a.m.)
The message is updated weekly, usually on Monday, to include recently available component data that will be incorporated into the
next release.
Gross Domestic Product (8:30 a.m.)
Personal Income and Outlays (10:00 a.m.)
Merchandise Trade, Balance of Payments Basis or U.S. International
Transactions (10:00 a.m.)
(202) 898-2450
-2451
-2452
-2453
The message summarizes the more recently released of these two series.
1.2 Economic Bulletin Board. Online computer access to news releases and
other information. BEA places an increasing range of its information on the Economic
What's New?
U.S. Direct Investment Abroad: 1989 Benchmark Survey, Preliminary Results (see entry no. 10.8);
1982 Benchmark Input-Output Accounts of the United States (see entry no. 4.1);
CD-ROM Containing Over 20 Years of Local Area Economic Data (see entry no. 6.1).
• February 1992
SURVEY OF CURRENT BUSINESS
General—
Continued
How To Use This Guide
Entries in this guide are arranged by program area. Each program area
includes a list of products available as well as telephone numbers for users
who have questions or need assistance.
Each BEA product or service is available from one of three sales agents,
abbreviated as follows:
BEA—Bureau of Economic Analysis
GPO—U.S. Government Printing Office, Superintendent of
Documents
Arris—National Technical Information Service
Each product's listing identifies the sales agent and includes a stock or
accession number to be used when ordering. An order form from each sales
agent, including specific ordering information, is provided at the end of this
guide.
Bulletin Board (EBB) maintained by the Office of Business Analysis (OBA) of the
Department of Commerce. News releases are available on the Bulletin Board shortly
after their release. Selected estimates and articles such as the "Business Situation"
and other SURVEY OF CURRENT BUSINESS articles are also available. (Other items in
this guide that are available through the EBB are marked "EBB" after the title.) The
Bulletin Board may be accessed by personal computer, computer terminal, or word
processor equipped with a modem; the information available on it—which includes
information from several Federal agencies—may be either viewed on the user's screen
or downloaded. The Bulletin Board is available by subscription from OBA. A $35.00
registration fee covers 2 hours of connect time on the system; additional time is
charged by the minute. Instant hook-up is available. High-speed service is available
at additional cost. For more information, call the Commerce Department's Office of
Business Analysis at (202) 377-1986.
1.3 BEA Reports (EBB, news release). Five sets of reports that present the information contained in the BEA news releases for the following areas: Gross domestic
product; personal income and outlays; regional reports; international reports; and
composite indexes of leading, coincident, and lagging indicators. The reports contain
summary estimates. All reports are available online through the EBB (see entry no.
1.2). The printed reports are mailed the day after estimates are released. Annual subscriptions to the printed reports may be ordered for individual sets or for all five sets.
Order information for the five sets is given below. For information on individual sets,
see the following corresponding entries: Gross domestic product, entry no. 2.1; personal income and outlays, entry no. 2.2; regional reports, entry no. 5.1; international
reports, entry no. 8.1; and composite indexes, entry no. 11.1.
All Five Sets. Usually a total of 55 printed reports. Available from BEA: Accession
No. 53-91-11-019, price $110.00 per year.
1.4 SURVEY OF CURRENT BUSINESS (publication). A monthly journal containing
estimates and analyses of U.S. economic activity. Includes the "Business Situation"—a
review of current economic developments—and regular and special articles pertaining
to the national, regional, and international economic accounts and related topics.
Among the special articles that appeared in 1991 were "Gross Product by Industry,
1977-88: A Progress Report on Improving the Estimates," "Comprehensive Revision
of the U.S. National Income and Product Accounts: A Review of Revisions and Major
Statistical Changes," "Gross State Product by Industry, 1977-89," and "Valuation of
SURVEY OF CURRENT BUSINESS
the U.S. Net International Investment Position," Current quarterly estimates of the
national income and product accounts (see entry no. 2.0) appear every month.
The SURVEY also contains two statistical sections that present an array of economic
data from public and private sources. The Business Cycle Indicators section consists
of tables for about 270 series and charts for about 130 series that are widely used
in analyzing current cyclical developments. The Current Business Statistics section
consists of tables for over 1,900 series covering general business activities and specific
industries. The SURVEY is available from GPO: List ID SCUB, price $29.00 per year
(domestic second-class mail), $36.25 (foreign second-class mail), or $76.00 (domestic
first-class mail); single copy price, $8.00 (domestic) and $10.00 (foreign). Foreign
airmail delivery rates are available upon request from GPO.
1.5. Current Business Statistics (EBB, diskette). Series shown in the Current
Business Statistics section (or S-pages) of the current issue of the SURVEY OF CURRENT
BUSINESS. Updated monthly. Available online through the EBB (see entry no. 1.2). The
diskettes are available from BEA on a subscription basis: Accession No. 52-87-41-411,
price $200.00 per year.
1.6 Business Statistics, 1963-91 (publication). Monthly or quarterly data for
1988-91 and annual data for 1963-91 for series that appear in the Current Business
Statistics section (or S-pages) of the SURVEY OF CURRENT BUSINESS. These series include business sales, inventories, and orders; prices; employment and unemployment;
construction; banking and finance; transportation; and many other industries and
commodities. An appendix provides data for principal BEA series of the national
income and product accounts and of U.S. international transactions. Also contains definitions of terms, sources of data, and methods of compilation. Now being prepared:
Should be available from GPO in the summer of 1992.
1.7 The National Trade Data Bank (CD-ROM). Access to international economic
statistics and trade marketing information produced by the Federal Government. BEA
places a significant number of its information programs in the National Trade Data
Bank (NTDB). These include international transactions, foreign direct investment, balance of payments, annual and quarterly national income and product accounts, and
others. The NTDB contains over 50 information programs from 15 Government agencies, including export and import statistics, foreign marketing reports, "how-to" guides
for exporters, and names of companies overseas that want to do business with U.S. exporters. The NTDB is produced monthly by the Office of Business Analysis (DBA) using
Compact Disc Read-Only Memory (CD-ROM) technology; the discs (similar to discs
used in audio systems) are designed for use with IBM-compatible personal computers
equipped with a relatively inexpensive CD-ROM reader. The NTDB may be ordered from
OBA by calling (202) 377-1986; individual discs cost $35.00 and an annual subscription
(12 monthly discs) is $360.00. The NTDB is also available for public use at nearly 700
Government Depository Libraries located throughout the Nation.
Need Help? Try An Index!
SURVEY OF CURRENT BUSINESS:
• Subject Index—in every June and December issue.
• NIPA Index—just after the NIPA tables in the January 1992 issue.
• S-Pages Index—at the back of the S-pages in every issue.
• C-Pages Index—page C-47 of the October 1991 issue.
February 1992
• 39
SURVEY OF CURRENT BUSINESS
4O • February 1992
National
Economics
BEA'S national economics program encompasses the national income and product
accounts, government transactions on a national income and product accounting basis,
and the input-output accounts.
National income
and product
accounts
2.0 The national income and product accounts (NIPA'S) show the value and
composition of the Nation's output and the distribution of incomes generated in its
production. The accounts include estimates of gross domestic product (GDP)—the
market value of the Nation's output of goods and services—in current and constant
dollars, GDP price measures, the goods and services that make up GDP in current and
constant dollars, national income, personal income, and corporate profits. In addition,
BEA produces specialized measures such as estimates of auto and truck output, gross
domestic product of corporate business, housing output, and business inventories
and sales. Measures of the inventory and fixed capital stocks consistent with the
NIPA output measures are also provided. Further, the accounts provide a consistent
framework within which estimates of special interest—such as expenditures to protect
the environment—are prepared. (Information about the environmental estimates is
provided in program description 12.0.)
The estimates of GDP are prepared each quarter in the following sequence: Advance
estimates are released in the first month after the end of the quarter, and, as more
detailed and comprehensive data become available, preliminary and final estimates are
released in the second and third months, respectively. Estimates of personal income
and outlays are prepared each month. The NIPA'S are also revised in each of the
following 3 years, usually in July, and in comprehensive (benchmark) revisions, usually
every 5 years (most recently in 1991). Current quarterly and monthly estimates are
reported in the SURVEY OF CURRENT BUSINESS; quarterly NIPA estimates appear in a
set of 53 "selected" tables, and monthly personal income and outlays estimates are
reported in the Current Business Statistics (or S-pages). The full set of annual revisions
(134 tables) usually is reported in the July issue. Annual estimates of the fixed capital
stock are reported in the August issue.
In addition to the current and historical estimates described in the entries that
follow, a considerable amount of component detail (for example, purchases of private
structures by type) and industry detail (for example, change in business inventories
by industry) is available. For further information about this detail or about the
listed computer tapes, printouts, and diskettes, write to the National Income and
Wealth Division, BE-54, Bureau of Economic Analysis, U.S. Department of Commerce,
Washington, DC 20230, or call (202) 523-0669. For specific questions, the following
telephone numbers may be used:
GDP
Personal income and outlays
Corporate profits
Personal consumption expenditures
Gross private domestic investment
GDP by industry
(202) 523-0824
-0832
-0888
-0819
-0791
-0795
A recorded telephone message summarizing the latest GDP estimates is available by
calling (202) 898-2451 (see entry no. 1.1). A recorded message summarizing the latest
personal income and outlays estimates is available at (202) 898-2452.
Current estimates
2.1 BEA Reports: Gross Domestic Product (EBB, news release). Monthly reports
with summary NIPA estimates that feature GDP and corporate profits. Reports are
available online through the EBB (see entry no. 1.2). Printed reports are mailed the
day after estimates are released. (This set of reports is included in the five sets of BEA
Reports; see entry no. 1.3.) The gross domestic product printed reports are available
from BEA on a subscription basis: Accession No. 53-91-11-015, price $24.00 per year.
SURVEY OF CURRENT BUSINESS
February 1992
2.2 BEA Reports: Personal Income and Outlays (EBB, news release). Monthly
reports with summary NIPA estimates that feature personal income and outlays. Reports are available online through the EBB (see entry no. 1.2). Printed reports are
mailed the day after estimates are released. (This set of reports is included in the
five sets of BEA Reports; see entry no. 1.3.) The personal income and outlays printed
reports are available from BEA on a subscription basis: Accession No. 53-91-11-014,
price $24.00 per year.
2.3 Monthly Advance National Income and Product Accounts Tables (EBB,
diskette, or printout). NIPA estimates as they appear in the current issue of the SURVEY
OF CURRENT BUSINESS. Updated monthly. Available online through the EBB (see entry
no. 1.2). Diskettes and printouts are available i day after the release of GDP and are
available from BEA on a subscription basis:
Diskette—Accession No. 54-85-41-401, price $200.00 per year.
Printout—Accession No. 54-83-21-201, price $100.00 per year.
2.4 Key Source Data and Assumptions (EBB, printed table). Available source
data and assumptions for missing source data that are used to prepare the advance
estimates of GDP. Available in January, April, July, and October. Available online
through the EBB (see entry no. 1.2). Annual subscriptions for the printed table begin
in January and are available from BEA: Accession No. 54-84-21-209, price $25.00 per
year.
2.5 National Income and Product Accounts (diskette). The full set of NIPA
tables, most with estimates from 1959 to the present. Available from BEA: Accession
No. 54-89-41-401, price $100.00 (5 diskettes). (Diskettes can be ordered individually;
for information, write or call the National Income and Wealth Division.)
2.6 National Income and Product Accounts (computer tape). The full set of
NIPA tables, most with estimates from 1959 to the present. Available from BEA:
Accession No. 54-83-01-001, price $100.00.
2.7 The National Income and Product Accounts of the United States, Statistical
Supplement: Volume i, 1929-58; Volume 2, 1959-88 (publication). The full set of
NIPA tables. Includes statistical conventions and the definitions and classifications
underlying the NIPA'S. (1992) Now being prepared: Vol. 2 should be available from
GPO in the summer of 1992 and Vol. i in the fall of 1992.
Historical estimates
Summary tables listing the principal source data and estimating methods used
to prepare the NIPA estimates are included in the articles in the SURVEY OF CURRENT
BUSINESS that describe annual revisions to the NIPA'S. These tables were last published
in the July 1990 issue and will be updated for the July 1992 issue. A number of
papers that provide detailed descriptions of NIPA concepts and methodologies have
been published (see next entry).
NOTE.—The methodologies used to prepare the NIPA'S are periodically refined to
incorporate definitional changes, new source data, and/or new estimating procedures.
In most cases, changes in methodology are introduced as part of the annual revisions
that usually occur each July or as part of the comprehensive revisions that occur about
every 5 years. The major methodological changes introduced in recent annual revisions
are described in articles about the revised estimates in the July 1986,1987, 1988,1989,
and 1990 issues of the SURVEY OF CURRENT BUSINESS. The major methodological
changes introduced in the most recent comprehensive revision are listed on pages
38-39 of the December 1991 SURVEY.
Methodology Papers (publications). A series of papers that documents the conceptual framework of the NIPA'S and the methodology used to prepare the estimates.
To date, six papers are available.
NIPA methodology
42 • February 1992
National
Economics—
Continued
Other information
related to the NIPA'S
SURVEY OF CURRENT BUSINESS
2.8 An Introduction to National Economic Accounting (NIPA Methodology Paper No. i). An introduction to the concepts of the U.S. NIPA'S that places
these accounts within the larger framework of national economic accounting.
Shows the step-by-step derivation of a general national economic accounting system from the conventional accounting statements used by business
and government and inferred for other transactors. Also shows how the
income and product accounts, the capital finance accounts, and the inputoutput accounts—the major branches of national economic accounting in
the United States today—are derived from this general system. Also appeared in the March 1985 SURVEY OF CURRENT BUSINESS. (1985) Available
from NTIS: Accession No. PB 85-247567, price $12.50 (paper copy), $9.00
(microfiche).
2.9 Corporate Profits: Profits Before Tax, Profits Tax Liability, and Dividends
(NIPA Methodology Paper No. 2). A description of the concepts, sources,
and methods of the corporate profits components of the NIPA'S. (1985)
Available from NTIS: Accession No. PB 85-245397, price $19.00 (paper copy),
$9.00 (microfiche).
2.10 Foreign Transactions (NIPA Methodology Paper No. 3). A description of
the preparation of estimates in the NIPA'S of net exports (both current- and
constant-dollar), transfer payments to foreigners, capital grants received by
the United States, interest paid by Government to foreigners, and net foreign
investment. Also describes the relationship between foreign transactions
estimates in the NIPA'S and those in the balance of payments accounts. (1987)
Available from NTIS: Accession No. PB 88-100649, price $19.00 (paper copy),
$9.00 (microfiche).
2.11 GNP: An Overview of Source Data and Estimating Methods (NIPA Methodology Paper No. 4). Basic information about GNP, including the conceptual
basis for the account that presents GNP, definitions of each of the components on the income and product sides of that account, and a summary,
presented in tabular form, of the source data and methods used in preparing
estimates of current- and constant-dollar GNP. Also provides an annotated
bibliography, with a directory, of the more than 50 items over the last decade
that provided methodological information about GNP. Appeared in the July
1987 SURVEY OF CURRENT BUSINESS. (1987) Available from NTIS: Accession
No. PB 88-134838, price $17.00 (paper copy), $9.00 (microfiche).
2.12 Government Transactions (NIPA Methodology Paper No. 5). Presents the
conceptual basis and framework of government transactions in the national
income and product accounts, describes the presentation of the estimates,
and details the sources and methods used to prepare estimates of Federal
transactions and of State and local transactions. (1988) Available from NTIS:
Accession No. PB 90-118480, price $26.00 (paper copy), $9.00 (microfiche).
2.13 Personal Consumption Expenditures (NIPA Methodology Paper No. 6).
Presents the conceptual basis and framework for personal consumption expenditures (PCE) in the NIPA'S, describes the presentation of the estimates,
and details the sources and methods used to prepare annual, quarterly, and
monthly estimates of PCE. Includes a bibliography, definitions, and convenient tabular summaries of estimating procedures. (1990) Available from
GPO: Stock No. 003-010-00200-0, price $4.50.
2.14 The Underground Economy: An Introduction (reprint). A discussion of
the coverage, measurement methods, and implications of the underground economy.
Part of the discussion features the relation between the NIPA'S and the underground
economy: Illegal activities in the context of the NIPA'S, three sets of NIPA estimates
SURVEY OF CURRENT BUSINESS
February 1992 •
sometimes misunderstood as being measures of the underground economy, and the
effect on NIPA estimates of possible misreporting in source data due to the underground
economy. Article appeared in the May 1984 and July 1984 issues of the SURVEY OF
CURRENT BUSINESS. (1984) Available from BEA: Accession No. 53-84-10-001, price
$5.00.
2.15 Evaluation of the GNP Estimates (reprint). An evaluation of the GNP estimates, covering the reliability of estimates, sources of error and types of statistical
improvement, status of source data, documentation of methodology, release schedules, and security before release. This article appeared in the August 1987 SURVEY
OF CURRENT BUSINESS. (1987) Available from BEA: Accession No. 53-88-10-001, price
$5.00.
2.16 The Use of National Income and Product Accounts for Public Policy: Our
Successes and Failures (BEA Staff Paper No. 43). An evaluation using two indirect
approaches. The first reviews the "accuracy" of the estimates, using the size of revisions
to GNP estimates as an indicator. The second reviews users' recommendations drawn
from publications issued over the last 30 years. (1985) Available from NTIS: Accession
No. PB 86-191541, price $17.00 (paper copy), $9.00 (microfiche).
2.17 Wealth (diskette, computer tape). Annual estimates of gross and net stocks,
depreciation, and discards for fixed nonresidential private and residential capital,
durable goods owned by consumers, and fixed capital owned by governments. For
fixed private capital, contains estimates by each NIPA type of equipment and structures for 1925 to the present. For fixed private capital, also contains estimates of total
equipment, total structures, and the total of equipment and structures owned by each
two-digit Standard Industrial Classification (sic) establishment-based industry for 1947
to the present, based on the 1987 sic. For durable goods owned by consumers, contains
estimates by each NIPA type of goods for 1925 to the present. For fixed capital owned
by governments, contains estimates by each NIPA type of equipment and structures,
separately for the Federal Government and for State and local governments, for 1925
to the present. The estimates are in historical-cost, constant-cost (1987 dollars), and
current-cost valuations. Also includes stock series similar to those used by the Bureau
of Labor Statistics to derive measures of capital input for multifactor productivity
studies. The investment series used to derive all of these estimates are also included,
in the same detail as the stock estimates, in historical-cost and constant-cost (1987
dollars) valuations. Updated annually. Available from BEA:
Diskette—Accession No. 54-89-40-004, price $420.00 (21 diskettes). (Diskettes can
be ordered individually for $20.00 each; for information call (202) 523-0822.)
Computer tape—Accession No. 54-89-00-001, price $100.00.
2.18 Detailed Investment by Industry (diskette, computer tape). Annual estimates for 1947 to the present of investment purchased by each two-digit sic
establishment-based industry, separately for each detailed NIPA type of equipment and
structures, based on the 1987 sic. (The Wealth tape and diskettes in item 2.17 also
include investment series for each industry, but only for total equipment, total structures, and the total of equipment and structures.) The estimates are in historical-cost
and constant-cost (1987 dollars) valuations. Updated annually. Available from BEA:
Diskette—Accession No. 54-89-40-005, price $60.00 (3 diskettes). (Diskettes may
be ordered individually for $20.00 each; for information call (202) 523-0822.)
Computer tape—Accession No. 54-89-00-002, price $100.00.
2.19 Detailed Wealth by Industry (diskette, computer tape). Annual estimates
for 1947 to the present of gross and net stocks, depreciation, and discards for fixed
nonresidential private capital owned by each two-digit establishment-based sic industry, separately for each detailed NIPA type of equipment and structures, based on the
Wealth and related
estimates
43
44 • February 1992
SURVEY OF CURRENT BUSINESS
National
Economics—
1987 sic. (The Wealth tape and diskettes in item 2.17 also include estimates of gross
and net stocks, depreciation, and discards for each industry, but only for total equipment, total structures, and the total of equipment and structures.) Also includes stock
series similar to those used by the Bureau of Labor Statistics to derive measures of
capital input for multifactor productivity studies. The estimates are in constant-cost
(1987 dollars) and current-cost valuations. Updated annually. Available from BEA:
Diskette—Accession No. 54-89-40-006, price $240.00 (12 diskettes). (Diskettes can
be ordered individually for $20.00 each; for information call (202) 523-0822.)
Computer tape—Accession No. 54-89-00-003, price $100.00.
Continued
2.20 The United Nations System of National Accounts: An Introduction
(reprint). Describes the United Nations System of National Accounts (SNA), which is
followed by most other countries, and contrasts it with the U.S. economic accounts.
The article also presents estimates prepared by BEA to approximate some of the major
SNA aggregates and describes the revision of the SNA that is underway. This article appeared in the June 1990 SURVEY OF CURRENT BUSINESS. (1990) Available upon request
from the BEA Public Information Office.
Government
transactions
3.0 BEA'S estimates of government receipts, expenditures, and surplus or deficit
are on a national income and product accounting basis. The estimates are prepared
separately for Federal and for State and local governments on the same schedule as
that described for the NIPA'S. Reconciliations of the Federal sector on a NIPA basis
and the unified budget prepared by the Office of Management and Budget are the
basis for an article in the SURVEY OF CURRENT BUSINESS, usually in February, about
Federal fiscal programs for the next fiscal year, and for detailed tables in the July issue.
These reconciliations, and more specialized work such as described in the papers that
follow, facilitate analysis of the effects of government fiscal policies on the economy.
An article on the fiscal position of State and local governments is usually published
in the February SURVEY. For further information, write to the Government Division,
BE-57, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC
20230, or call (202) 523-0715. For specific questions, the following telephone numbers
may be used:
Federal
State and local
National defense
(202) 523-0744
-0728
-3472
3.1 Government Transactions (NIPA Methodology Paper No. 5). Presents the
conceptual basis and framework of government transactions in the national income
and product accounts, describes the presentation of the estimates, and details the
sources and methods used to prepare estimates of Federal transactions and of State
and local transactions. (1988) Available from NTIS: Accession No. PB 90-118480, price
$26.00 (paper copy), $9.00 (microfiche).
3.2 Cyclical Adjustment of the Federal Budget and Federal Debt: Updated Detailed Methodology and Estimates (BEA Staff Paper No. 45). Description of the
models that BEA used, prior to the latest comprehensive revision of the NIPA'S, to
estimate the cyclically adjusted Federal budget and inflation-induced changes in the
cyclically adjusted budget. The quarterly data for the variables in the models and the
regression equations underlying the coefficients are presented. The paper also discusses the cyclical adjustment of Federal debt and shows some results. NOTE.—The
procedures described in this staff paper have not been updated to reflect the latest
comprehensive revision of the NIPA'S; publication of the estimates in the SURVEY OF
CURRENT BUSINESS has been suspended pending this update. (1986) Available from
NTIS: Accession No. PB 87-157376, price $26.00 (paper copy), $9.00 (microfiche).
SURVEY OF CURRENT BUSINESS
4.0 Input-output accounts for the United States show how industries interact—
providing input to, and taking output from, each other—to produce GNP. Benchmark
tables, based largely on the economic censuses, are prepared every 5 years; the latest
benchmark table is for 1982, and the next will be for 1987. Annual tables are prepared
using basically the same procedures as used for the benchmark tables, but with less
comprehensive and less reliable source data. Associated tables showing capital flows
from producing to using industries and employment and employee compensation by
industry are also prepared. The computer tapes, diskettes, and printouts listed below
are for the tables at the 85-industry level; more detailed tables are also available. For
further information about this detail or about the listed computer tapes, diskettes, and
printouts, write to the Interindustry Economics Division, BE-SI, Bureau of Economic
Analysis, U.S. Department of Commerce, Washington, DC 20230, or call (202) 5230792. For specific questions, the following telephone numbers may be used:
Benchmark tables
Goods-producing industries
Services-producing industries
Annual tables
Computer tapes, diskettes, and printouts
February 1992 •
Input-output
accounts
(202) 523-0683
-0843
-3505
-0867
-0792
4.1 The 1982 Benchmark Input-Output Accounts of the United States (publication). This volume contains the use and make tables and total output multipliers
for BEA'S 1982 benchmark input-output (i-o) study at the 541 i-o industry/commodity
level of detail. Includes discussion of analytical and statistical uses of data, description of sources and methods, and overview of industry and commodity classification.
(1991) Available from GPO: Stock No. 003-010-00226-3, price $19.00.
4.2 1982, 85-Industry Input-Output Tables (computer tape, diskette, and printout). Five tables: (i) Use table, (2) make table, (3) commodity-by-industry direct
requirements table, (4) commodity-by-commodity total requirements table, and (5)
industry-by-commodity total requirements table. (1992) Available from BEA:
Computer tape—Accession No. 51-91-00-004, price $100.00.
Diskette—Accession No. 51-91-40-008, price $20.00.
Printout—Accession No. 51-91-20-002, price $55.00.
Based on the 1982
benchmark
4.3 Annual 85-Industry Input-Output Tables Based on the 1977 Benchmark
Input-Output Study: 1986 Summary Input-Output Tables (computer tape, diskette,
and printout). Five tables: (i) use tables, (2) make table, (3) commodity-by-industry
direct requirements table, (4) commodity-by-commodity total requirements table, and
(5) industry-by-commodity total requirements table. (1991) Available from BEA:
Computer tape—Accession No. 51-91-00-001, price $100.00.
Diskette—Accession No. 51-91-40-401, price $40.00 (two diskettes). (Diskettes can
be ordered separately for $20.00 each; please specify diskette A for tables i,
2, and 3 or diskette B for tables 4 and 5.)
Printout—Accession No. 51-91-20-201, price $55.00.
4.4 Annual 85-Industry Input-Output Tables Based on the 1977 Benchmark
Input-Output Study: 1985 Summary Input-Output Tables (computer tape, diskette,
and printout). Five tables: (i) Use table, (2) make table, (3) commodity-by-industry
direct requirements table, (4) commodity-by-commodity total requirements table, and
(5) industry-by-commodity total requirements table. Available from BEA:
Computer tape—Accession No. 51-90-00-001, price $100.00.
Diskette—Accession No. 51-90-40-401, price $40.00 (two diskettes). (Diskettes can
be ordered separately for $20.00 each; please specify diskette A for tables i,
2, and 3 or diskette B for tables 4 and 5.)
Printout—Accession No. 51-90-20-201, price $55.00.
Based on the 1977
benchmark
45
46 • February 1992
SURVEY OF CURRENT BUSINESS
National
Economics—
4.5 Annual 85-Industry Input-Output Tables Based on the 1977 Benchmark
Input-Output Study: 1984 Summary Input-Output Tables (computer tape, diskette,
and printout). Five tables: (i) Use table, (2) make table, (3) commodity-by-industry
direct requirements table, (4) commodity-by-commodity total requirements table, and
(5) industry-by-commodity total requirements table. Available from BEA:
Computer tape—Accession No. 51-89-00-002, price $100.00.
Diskette—Accession No. 51-89-40-402, price $40.00 (two diskettes). (Diskettes can
be ordered separately for $20.00 each; please specify diskette A for tables i,
2, and 3 or diskette B for tables 4 and 5.)
Printout—Accession No. 51-89-20-202, price $55.00.
4.6 Annual 85-Industry Input-Output Tables Based on the 1977 Benchmark
Input-Output Study: 1983 Summary Input-Output Tables (computer tape, diskette,
and printout). Five tables: (i) Use table, (2) make table, (3) commodity-by-industry
direct requirements table, (4) commodity-by-commodity total requirements table, and
(5) industry-by-commodity total requirements table. Available from BEA:
Computer tape—Accession No. 51-89-00-001, price $100.00.
Diskette—Accession No. 51-89-40-401, price $40.00 (two diskettes). (Diskettes can
be ordered separately for $20.00 each; please specify diskette A for tables i,
2, and 3, or diskette B for tables 4 and 5.)
Printout—Accession No. 51-89-20-201, price $55.00.
4.7 Annual 85-Industry Input-Output Tables Based on the 1977 Benchmark
Input-Output Study: 1982 Summary Input-Output Tables (computer tape, diskette,
and printout). Five tables: (i) Use table, (2) make table, (3) commodity-by-industry
direct requirements table, (4) commodity-by-commodity total requirements table, and
(5) industry-by-commodity total requirements table. Available from BEA:
Computer tape—Accession No. 51-88-00-001, price $100.00.
Diskette—Accession No. 51-88-40-401, price $40.00 (two diskettes). (Diskettes can
be ordered separately for $20.00 each; please specify diskette A for tables i,
2, and 3 or diskette B for tables 4 and 5.)
Printout—Accession No. 51-88-20-201, price $55.00.
4.8 Annual 85-Industry Input-Output Tables Based on the 1977 Benchmark
Input-Output Study: 1981 Summary Input-Output Tables (computer tape, diskette,
and printout). Five tables: (i) Use table, (2) make table, (3) commodity-by-industry
direct requirements table, (4) commodity-by-commodity total requirements table, and
(5) industry-by-commodity total requirements table. AvailablefromBEA:
Computer tape—Accession No. 51-87-00-003, price $100.00.
Diskette—Accession No. 51-87-40-409, price $40.00 (two diskettes). (Diskettes can
be ordered separately for $20.00 each; please specify diskette A for tables i,
2, and 3 or diskette B for tables 4 and 5.)
Printout—Accession No. 51-87-20-218, price $55.00.
4.9 Annual 85-Industry Input-Output Tables Based on the 1977 Benchmark
Input-Output Study: 1980 (Revised) Summary Input-Output Tables (computer tape,
diskette, and printout). Five tables: (i) Use table, (2) make table, (3) commodity-byindustry direct requirements table, (4) commodity-by-commodity total requirements
table, and (5) industry-by-commodity total requirements table. Available from BEA:
Computer tape—Accession No. 51-87-00-002, price $100.00.
Diskette—Accession No. 51-87-40-406, price $40.00 (two diskettes). (Diskettes can
be ordered separately for $20.00 each; please specify diskette A for tables i,
2, and 3 or diskette B for tables 4 and 5.)
Printout—Accession No. 51-87-20-212, price $55.00.
Continued
SURVEY OF CURRENT BUSINESS
BEA'S regional economics program provides estimates, analyses, and projections by
region, State, metropolitan area, and county.
February 1992 •
Regional
Economics
5.1 BEA Reports: Regional Reports (EBB, news release). Reports (usually six a
year) with summary estimates of State personal income (quarterly and annual) and
of county and metropolitan area personal income (annual). Reports are available
online through the EBB (see entry no. 1.2). (The EBB carries, in addition to the news
release, estimates of personal income by State and by county and earnings and wages
by industry and by State.) The printed reports are mailed the day after estimates are
released. (This set of reports is included in the five sets of BEA Reports; see entry no.
1.3.) These printed regional reports are available from BEA on a subscription basis:
Accession No. 53-91-11-017, price $12.00 per year.
6.0 Current quarterly State personal income estimates are reported in the January, April, July, and October issues of the SURVEY OF CURRENT BUSINESS. The annual
estimates of State and local area personal income for a given year are subject to successive refinement. Preliminary annual State estimates, based on the current quarterly
series, are released 4 months after the close of the reference year and published in the
April SURVEY OF CURRENT BUSINESS. Revised annual estimates based on more reliable
source data are published in the August SURVEY. These estimates are subsequently revised to incorporate newly available information used to prepare the current local area
estimates. The revised State estimates, together with the current local area estimates,
are published in the following April SURVEY. The annual estimates emerging from this
process are subject to further revision for several succeeding years (the State estimates
in April and August and the local area estimates in April), as additional data become
available. The routine revisions of the State estimates for a given year are normally
completed with the fourth April release. After that, the estimates will be changed only
to incorporate a comprehensive revision in the national income and product accounts,
which takes place approximately every 5 years, or to make important improvements
to the estimates through the use of additional or more current State and local area
data.
Estimates of personal income and employment by State, metropolitan area, and
county are available through the Regional Economic Information System (REIS). The
system includes an information retrieval service that provides a variety of analytical
tabulations for counties and combinations of counties. All of the tabulations are
available in several media.
BEA also makes its regional estimates available through the BEA User Group,
members of which include State agencies, universities, and Census Bureau Primary
State Data Centers. BEA provides its estimates of income and employment for all
States and counties to these organizations with the understanding that they will make
the estimates readily available.
For further information, write to the Regional Economic Measurement Division,
BE-55, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC
20230, or call (202) 254-6630. For specific questions, the following telephone numbers
may be used:
Quarterly State personal income
Wage and salary income and employment
Proprietors' income and employment
(202) 254-6632
-7703
-6634
6.1 Regional Economic Information System (REIS) CD-ROM, 1969-90 (CD-ROM).
Estimates of annual personal income by major source, per capita personal income,
earnings by two-digit sic industry, full- and part-time employment by one-digit sic
industry, regional economic profiles, transfer payments by major program, and farm
income and expenses for States, metropolitan areas, and counties. The CD-ROM contains over 450 megabytes of data and documentation. All the estimates are stored as
Regional estimates
47
48 • February 1992
SURVEY OF CURRENT BUSINESS
Regional
Economics—
ASCII files that can be accessed in either sequential or random mode. The package
includes a REIS program, on a separate floppy disk, that allows the user to display,
print, or copy one or more of the standard tables from the historical personal income
series.
In addition, the CD-ROM includes BEA estimates of quarterly personal income by
State (i969:i-i99i:iv) and Census Bureau data on intercounty flows for 1960,1970, and
1980. New on this year's disc are BEA'S latest gross state product estimates for 197789; its projections to 2040 of income and employment for States and metropolitan
areas; and total commuters' income flows, 1969-90. These additional data, though
not accessible through BEA'S REIS program, are in fixed-length record formats and are
easily imported into spreadsheet or database applications. Updated annually. (May
1992) Available from BEA: Accession No. 55-90-30-599, price $35.00.
Continued
6.2 Local Area Personal Income, 1984-89 (publication). A publication that
presents personal income by major type of payment, earnings by major industry, population, and total and per capita personal income for States, metropolitan areas, and
counties. (1991) Available from GPO:
Volume i. Summary: Regions, States, and Metropolitan Areas. Estimates for
the United States, regions, States, and metropolitan areas. Also contains
county definitions of metropolitan areas, a detailed description of sources
and methods, and samples of tables available. GPO Stock No. 003-010-002166, price $15.00.
Each of the following volumes provides a methodology and estimates for the listed
States and their counties and metropolitan areas.
Volume 2. New England, Mideast, and Great Lakes Regions. (Connecticut, Delaware, District of Columbia, Illinois, Indiana, Maine, Maryland,
Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio,
Pennsylvania, Rhode Island, Vermont, and Wisconsin) GPO Stock No.
003-010-00217-4, price $16.00.
Volume 3. Plains Region. (Iowa, Kansas, Minnesota, Missouri, Nebraska, North
Dakota, and South Dakota) GPO Stock No. 003-010-00218-2, price $12.00.
Volume 4. Southeast Region. (Alabama, Arkansas, Florida, Georgia, Kentucky,
Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia,
and West Virginia) GPO Stock No. 003-010-00219-1, price $18.00.
Volume 5. Southwest, Rocky Mountain, and Far West Regions and Alaska and
Hawaii. (Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana,
Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, Washington, and
Wyoming) GPO Stock No. 003-010-00220-4, price $16.00.
Special-order regional
products. . .
6.3 Regional Income and Employment. The products listed in section 6.3 must
be special-ordered from BEA for the specific area(s) needed. Items 6.3.1 through 6.3.12
are for the United States, regions, and States. Items 6.3.13 through 6.3.24 are for the
United States, States, metropolitan areas, and counties and will be available in May
1992. All items are available on several media and can be purchased for a single area
(a county, a metropolitan area, a State), for groups of areas (several counties, several
metropolitan areas, all counties in a State, several States), or for all counties or all
States in the United States. Before placing an order, write to the Regional Economic
Measurement Division, REIS, BE-55, Bureau of Economic Analysis, Washington DC
20230, or call (202) 254-6630 for accession numbers, prices, and availability. Call the
same number to place charge orders using MasterCard or VISA.
For regions and
States
6.3.1 Quarterly Personal Income, 1969-91 (printout). Total personal income by
quarter for the United States, regions, and States. (1992)
SURVEY OF CURRENT BUSINESS
February 1992 •
6.3.2 Quarterly Personal Income by Major Source and Earnings by Industry,
1969-91 (computer tape, printout, diskette). Major sources of personal income and
earnings by one-digit sic industry by quarter for the United States, regions, and States.
(1992)
6.3.3 Quarterly Wages and Salaries by Major Source and Major Industry, 196991 (computer tape, printout, diskette). Wage and salary disbursements by one-digit
sic industry by quarter for the United States, regions, and States. (1992)
6.3.4 Personal Income, Per Capita Personal Income, and Total Population,
1929-90 (computer tape, printout, diskette). Total and per capita personal income
and population annually for the United States, regions, and States. (1991)
6.3.5 Personal Income by Major Source and Earnings by Industry, 1958-90
(computer tape, printout, diskette). Major sources of personal income and earnings
by two-digit sic industry annually for the United States, regions, and States. (1991)
6.3.6 Wage and Salary Disbursements by Industry, 1958-90 (computer tape,
printout, diskette). Wages and salaries by two-digit sic industry annually for the
United States, regions, and States. (1991)
6.3.7 Full-Time and Part-Time Employment by Industry, 1969-90 (computer
tape, printout, diskette). Total employment by place of work by two-digit sic industry
annually for the United States, regions, and States. (1991)
6.3.8 Full-Time and Part-Time Wage and Salary Employment by Industry,
1969-90 (computer tape, printout, diskette). Wage and salary employment by place
of work by two-digit sic industry annually for the United States, regions, and States.
(1991)
6.3.9 Transfer Payments, 1958-90 (computer tape, printout, diskette). Transfer
payments by type annually for the United States, regions, and States. (1991)
6.3.10 Farm Income and Expenses, 1969-90 (computer tape, printout, diskette).
Major categories of farm income and expenses and gross and net farm income
aggregates annually for the United States, regions, and States. (1991)
6.3.11 Personal Tax and Nontax Payments, 1958-90 (computer tape, printout,
diskette). Personal tax and nontax payments by level of government and by type of
payment (includes total and per capita disposable personal income and population)
annually for the United States, regions, and States. (1991)
6.3.12 Disposable Personal Income, Per Capita Disposable Personal Income,
and Total Population, 1948-90 (printout, diskette). Total and per capita disposable
personal income and population annually for the United States, regions, and States.
6.3.13 Personal Income, Per Capita Personal Income, and Total Population,
1969-90 (computer tape, printout, diskette). Total and per capita personal income and
population annually for the United States, States, metropolitan areas, and counties.
(May 1992)
6.3.14 Per Capita Personal Income Ranking, 1990 (printout). Ranking in the
United States and in regions (highest and lowest 250 counties). (May 1992) Available
from BEA:
Printout—Accession No. 55-90-20-541, price $20.00. Rankings among all counties.
Printout—Accession No. 55-90-20-542, price $20.00. Rankings among counties
with total personal incomes greater than $50 million.
6.3.15 Personal Income by Major Source and Earnings by Major Industry, 196990 (computer tape, printout, diskette). Major sources of personal income and earnings
by one-digit sic industry annually for the United States, States, metropolitan areas,
and counties. (May 1992)
. . . For States,
metropolitan areas,
and counties
The items in section 6.3
must be special-ordered.
Refer to the text at the
beginning of section 6.3
for instructions.
49
• February 1992
Regional
Economics—
Continued
The items in section 6.3
must be special-ordered.
Refer to the text at the
beginning of section 6.3
for instructions.
Regional analyses
and projections
SURVEY OF CURRENT BUSINESS
6.3.16 Personal Income by Major Source and Earnings by Industry, 1969-90
(computer tape, printout). Major sources of personal income and earnings by twodigit sic industry annually for the United States, States, metropolitan areas, and
counties. (May 1992)
6.3.17 Full-Time and Part-Time Employment by Major Industry, 1969-90 (computer tape, printout, diskette). Total employment by one-digit sic industry annually
for the United States, States, metropolitan areas, and counties. (May 1992)
6.3.18 Regional Economic Profile, 1969-90 (computer tape, printout). Summary
of income and employment by place of work and residence annually for the United
States, States, metropolitan areas, and counties. (May 1992)
6.3.19 Total Wages and Salaries, Total Wage and Salary Employment, and Average Wage Per Job, 1969-90 (computer tape, printout, diskette). Annually for the
United States, States, metropolitan areas, and counties. (May 1992)
6.3.20 Transfer Payments, 1969-90 (computer tape, printout, diskette). Transfer
payments by type annually for the United States, States, metropolitan areas, and
counties. (May 1992)
6.3.21 Farm Income and Expenses, 1969-90 (computer tape, printout, diskette).
Major categories of farm income and expenses and gross and net farm aggregates
annually for the United States, States, and counties. (May 1992)
6.3.22 BEARFACTS, 1989-90 or 1980-90 (printout).
One-page computergenerated narrative. Describes an area's personal income using current estimates,
growth rates, and a breakdown of the sources of personal income for that area for
States, metropolitan areas, and counties. (May 1992)
6.3.23 Journey-To-Work, 1960, 1970, 1980 (computer tape, printout, diskette).
Data on commuting flows to and from counties from decennial census: By place of
work or by place of residence. (1980)
6.3.24 Total Commuters' Income Flows, 1969-90 (computer tape, printout,
diskette). Total gross commuters' income flows (inflows and outflows) annually for
all counties. (May 1992)
7.0 -BEA prepares analyses to identify and measure factors that determine area
differences in total and per capita income and in industry employment and output.
Long-term projections of personal income, employment, and earnings by industry are
prepared for all States and metropolitan areas every 5 years and for selected States
and areas in other years. BEA maintains mid-term regional econometric models to
forecast annual changes in economic activity and to analyze the impacts of projects and
programs. In conjunction with the projections work, BEA has developed estimates of
gross state product. These estimates, prepared by industry, supplement the estimates
of personal income described in program description 6.0. For further information,
write to the Regional Economic Analysis Division, BE-6i, Bureau of Economic Analysis,
U.S. Department of Commerce, Washington, DC 20230, or call (202) 523-0946. For
specific questions, the following telephone numbers may be used:
Long-term regional projections
Mid-term regional projections
Regional input-output multipliers
Gross state product by industry
(202) 523-0971
-0943
-0586
-9180
7.1 Revised Gross State Product, Annual Estimates, 1977-89 (EBB, computer
tape, diskette, CD-ROM). These estimates are the State equivalent of GDP and provide the
most comprehensive measure of State production now available. Gross state product
is measured in current dollars as the sum of four components for each industry:
Compensation of employees; proprietors' income with inventory valuation adjustment
and capital consumption allowances; indirect business tax and nontax liability; and
SURVEY OF CURRENT BUSINESS
other, mainly capital-related, charges. The estimates are for the 50 States, eight BEA
regions, and the United States, and for 61 industries. Estimates are in current and
constant (1982) dollars. Summary estimates were published in the December 1991
SURVEY OF CURRENT BUSINESS. (1991) Available online through the EBB (see entry no.
1.2) and on CD-ROM (see entry no. 6.1). Computer tape and diskettes available from
BEA:
Computer tape—Accession No. 61-91-00-420, price $100.00.
Diskette—Accession No. 61-91-40-499, price $60.00 (3 diskettes). (Also available
to users who require estimates for specific States at $20 per diskette; for
information, call (202) 523-9180.)
7.2 Experimental Estimates of Gross State Product by Industry (BEA Staff Paper
No. 42). A description of the issues and methodology for preparing estimates of gross
state product—the State equivalent of GDP. The estimates are consistent with BEA'S
State personal income and with GNP by industry. (The estimates published in this
paper have been superseded; see entry no. 7.1.) (1985) Available from NTIS: Accession
No. PB 85-240885, price $26.00 (paper copy), $9.00 (microfiche).
7.3 Regional Multipliers: A User Handbook for the Regional Input-Output
Modeling System (RIMS n) (publication). An explanation of how to use regional
input-output multipliers, by industry, for output, earnings, and employment. Includes
information on how to perform systematic analyses of the regional economic impacts
of projects and programs. Also contains multipliers for all States from RIMS n, sample
tables of input-output multipliers, and hypothetical case studies. Revised multipliers
are now being prepared and will be presented in a publication from GPO in the spring
of 1992.
7.4 BEA Regional Projections to 2040 (publication, diskette, CD-ROM). Estimates
for 1973,1979,1983, and 1988, and projections for 1995, 2000, 2005, 2010, 2020 and 2040
for total personal income, population, per capita personal income, and employment
and earnings by industry for the United States, BEA regions, States, metropolitan
statistical areas, and BEA economic areas. Available on CD-ROM (see entry no. 6.1).
(1990) Available in other media, as follows:
Volume i. States.
Publication—Available from GPO: Stock No. 003-010-00199-2, price $7.50.
Diskette—Available from BEA: Accession No. 61-90-40-201, price $40.00 (two
diskettes).
Volume 2. Metropolitan Statistical Areas.
Publication—Available from GPO: Stock No. 003-010-00211-5, price $17.00.
Diskette—Available from BEA: Accession No. 61-90-40-202, price $40.00 (two
diskettes).
Volume 3. BEA Economic Areas.
Publication—Available from GPO: Stock No. 003-010-00212-3, price $10.00.
Diskette—Available from BEA: Accession No. 61-90-40-203, price $40.00 (two
diskettes).
Need Help? Try An Index!
SURVEY OF CURRENT BUSINESS:
• Subject Index—in every June and December issue.
• NIPA Index—just after the NIPA tables in the January 1992 issue.
• S-Pages Index—at the back of the S-pages in every issue.
• C-Pages Index—page C-47 of the October 1991 issue.
February 1992
•
5-*
52 • February 1992
SURVEY OF CURRENT BUSINESS
International
Economics
BEA'S international economics program encompasses the international transactions
accounts (balance of payments) and the direct investment estimates. The international transactions accounts, which measure U.S. transactions with foreign countries,
include merchandise trade, trade in services, the current-account balance, and capital
transactions. The direct investment estimates cover estimates of U.S. direct investment
abroad and foreign direct investment in the United States, income and other flows
associated with these investments, and other aspects of the operations of multinational
enterprises.
8.1 BEA Reports: International Reports (EBB, news release). Reports (usually 13
a year) with summary estimates of merchandise trade, balance of payments basis (quarterly); summary of international transactions (quarterly); international investment
position (annual); capital spending by majority-owned foreign affiliates (semiannual);
direct investment (annual); and related topics. Reports are available online through
the EBB (see entry no. 1.2). Printed reports are mailed the day after estimates are
released. (This set of reports is included in the five sets of BEA Reports; see entry no.
1.3.) The printed international reports are available from BEA on a subscription basis:
Accession No. 53-91-11-018, price $26.00 per year.
17. S. international
transactions
9.0 The international transactions accounts provide a detailed and comprehensive view of economic transactions between the United States and foreign countries.
The accounts include estimates of merchandise exports and imports; travel, transportation, and other services; foreign aid; and private and official capital flows, including
direct investment. (Information about direct investment and international services
is provided in program description 10.0.) Current estimates, including estimates of
merchandise trade on a balance of payments basis, are reported in the March, June,
September, and December issues of the SURVEY OF CURRENT BUSINESS. Estimates include detail for the current and capital accounts, classified by type of transaction and
by area. Each June, estimates for the last 4 years are revised.
Estimates of the international investment position of the United States appear
in June. For further information, write to the Balance of Payments Division, BE-58,
Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230,
or call (202) 523-0620. For specific questions, the following telephone numbers may
be used:
Current-account analysis
Current-account estimates
Merchandise trade
Capital-account transactions
Government transactions
(202) 523-0621
-0625
-0668
-0603
-0615
A recorded telephone message summarizing key estimates of merchandise trade or
U.S. international transactions, whichever is the more recent release, is available at
(202) 898-2453 (see entry no. 1.1).
9.1 U.S. Merchandise Trade Data (printout, diskette). Seasonally adjusted and
unadjusted exports and imports for the end-use categories used by BEA to derive
trade totals on a Census basis. Series begin in 1979. Updated monthly or quarterly.
Available from BEA on a subscription basis:
U.S. Merchandise Trade Data, Monthly.
Printout—Accession No. 58-86-21-201, price $100.00 per year.
Diskette—Accession No. 58-86-41-401, price $200.00 per year.
U.S. Merchandise Trade Data, Quarterly. Also includes, on a balance of payments basis, exports of agricultural products, nonagricultural products, and
nonmonetary gold, and imports of petroleum and products, nonpetroleum
products, and nonmonetary gold.
Printout—Accession No. 58-86-21-202, price $40.00 per year.
SURVEY OF CURRENT BUSINESS
February 1992
Diskette—Accession No. 58-86-41-402, price $80.00 per year.
9.2 U.S. Merchandise Trade: Exports and Imports by End-Use Category,
Monthly (computer tape). Monthly end-use detail (not seasonally adjusted) on a
Census basis for exports and imports for 70 countries and areas. Series begin in 1978.
Updated monthly. Available from BEA:
U.S. Merchandise Exports, Monthly. Accession No. 58-86-01-001, price $100.00.
U.S. Merchandise Imports, Monthly. Accession No. 58-86-01-002, price $100.00.
9.3 U.S. Merchandise Trade: Exports and Imports by End-Use Category, Quarterly (computer tape). Quarterly end-use detail (not seasonally adjusted) on a Census
basis for exports and imports for 70 countries and areas. Series begin in 1978. Updated
quarterly. Available from BEA:
U.S. Merchandise Exports, Quarterly. Accession No. 58-86-01-003, price $100.00.
U.S. Merchandise Imports, Quarterly. Accession No. 58-86-01-004, price $100.00.
9.4 U.S. Merchandise Trade: Exports and Imports by End-Use Category, Annually (computer tape, printout). Annual end-use detail on a Census basis for exports
and imports for 70 countries and areas. Series begin in 1978. Updated annually.
Available from BEA:
U.S. Merchandise Exports, Annually.
Computer tape—Accession No. 58-86-01-005, price $100.00
Printout—Accession No. 58-86-21-103, price $55.00
U.S. Merchandise Imports, Annually.
Computer tape—Accession No. 58-86-01-006, price $100.00
Printout—Accession No. 58-86-21-104, price $55.00
9.5 Status Report on Statistical and Methodological Improvements in the U.S.
Balance of Payments Statistics (BEA Working Paper No. 6). Reviews major problems,
such as timing and coverage, in the balance of payments accounts; describes statistical and methodological improvements BEA has undertaken to resolve some of the
problems; and discusses projects for future improvements. (1988) Available from BEA:
Accession No. 53-88-10-002, price $5.00.
9.6 The Balance of Payments of the United States: Concepts, Data Sources,
and Estimating Procedures (publication). Describes in detail the methodology used
in constructing the balance of payments estimates for the United States. Explains
underlying principles and describes the presentation of the estimates. Includes a
comprehensive list of data sources. (1990) Available from GPO: Stock No. 003-01000204-2, price $8.50.
NOTE.—For a discussion of the relationship between foreign transactions estimates
in the balance of payments accounts and those in the national income and product
accounts, see entry no. 2.10.
io.o BEA conducts quarterly, annual, and benchmark surveys of U.S. direct
investment abroad and of foreign direct investment in the United States. The information collected relates to the direct investment position and flows of capital, income,
royalties and license fees, and other service charges between parent companies and
affiliates; capital expenditures by majority-owned foreign affiliates of U.S. companies;
the financial structure and operations of U.S. parent companies and their foreign affiliates; the financial structure and operations of U.S. affiliates of foreign companies; and
U.S. business enterprises acquired or established by foreign direct investors. Summary
information on the annual and quarterly surveys usually appears in the SURVEY OF
CURRENT BUSINESS on the following schedule:
Direct investment
and international
services
• 53
SURVEY OF CURRENT BUSINESS
54 • February 1992
International
Economics—
Continued
Foreign direct investment in the United States:
• The position and balance of payments flows, in June, with additional detail in
August.
• Operations of U.S. affiliates of foreign companies, in May (July for 1989-91 issues).
• U.S. business enterprises acquired or established by foreign direct investors, in
May.
U.S. direct investment abroad:
• The position and balance of payments flows, in June, with additional detail in
August.
• Operations of U.S. parent companies and their foreign affiliates, in June (October
for 1991 issue and August for 1992 issue).
• Capital expenditures by majority-owned foreign affiliates of U.S. companies, in
March and September.
The information BEA provides on U.S. international sales and purchases of services covers cross-border (balance of payments) services transactions, sales of services
abroad by nonbank majority-owned foreign affiliates of U.S. companies, and sales of
services in the United States by nonbank majority-owned U.S. affiliates of foreign
companies. The information on cross-border services transactions is derived from a
variety of sources, including BEA surveys, surveys of other Government agencies, and
non-Government sources. The information on sales of services by affiliates is obtained
from BEA'S benchmark and annual direct investment surveys. Since 1990, the data
on international services have been published in a detailed and unified format in the
September issue of the SURVEY.
For further information on direct investment and international services, write
to the International Investment Division, BE-SO, Bureau of Economic Analysis, U.S.
Department of Commerce, Washington, DC 20230, or call (202) 523-0659. For specific
questions, the following telephone numbers may be used:
K
Foreign direct
investment in the
United States
Foreign direct investment in the United States
International services
Operations of U.S. parent companies and their
foreign affiliates
Operations of U.S. affiliates of foreign companies
U.S. direct investment abroad
(202) 523-0641
-0646
-3451
-0641
-3451
10.1 Foreign Direct Investment in the United States: Operations of U.S. Affiliates of Foreign Companies (publication, diskette). The most detailed results of
BEA'S annual survey of foreign direct investment in the United States (only summary
information appears in articles in the SURVEY OF CURRENT BUSINESS). Contains information on the financial structure and operations of nonbank U.S. affiliates of foreign
direct investors. Data are classified by industry of U.S. affiliate, by country and industry of ultimate beneficial owner, and, for selected data, by industry of sales and
by State. Preliminary estimates from annual surveys are released as soon as possible;
revised estimates are released one year later. Available as follows:
Foreign Direct Investment in the United States: Operations of U.S. Affiliates of
Foreign Companies, Preliminary 1989 Estimates. (1991)
Publication—Available from GPO: Stock No. 003-010-00223-9, price $5.00.
Diskette—Available from BEA: Accession No. 50-91-40-402, price $20.00.
Foreign Direct Investment in the United States: Operations of U.S. Affiliates of
Foreign Companies, Revised 1988 Estimates. (1991)
Publication—Available from GPO: Stock No. 003-010-00224-7, price $5.00.
Diskette—Available from BEA: Accession No. 50-91-40-401, price $20.00.
SURVEY OF CURRENT BUSINESS
NOTE.—The annual survey publication for 1987 has been replaced by the publication for the 1987 benchmark survey of foreign direct investment in the United States.
(See entry no. 10.2.)
Foreign Direct Investment in the United States: Operations of U.S. Affiliates of
Foreign Companies, Revised 1986 Estimates. (1989)
Publication—Available from GPO: Stock No. 003-010-00190-9, price $3.25.
Diskette—Available from BEA: Accession No. 50-89-40-401, price $20.00.
10.2 Foreign Direct Investment in the United States, 1987 Benchmark Survey,
Final Results (publication, diskette). The final results of BEA'S 1987 benchmark survey
of foreign direct investment in the United States. Benchmark surveys are BEA'S most
comprehensive surveys, both in terms of companies covered and information gathered.
Contains information on the financial structure and operations of the U.S. affiliates
of foreign direct investors in 1987. Data are classified by industry of U.S. affiliate, by
country and industry of foreign parent or ultimate beneficial owner, and, for selected
data, by industry of sales and by State. (1990) Available as follows:
Publication—Available from GPO: Stock No. 003-010-00210-7, price $14.00.
Diskette—Available from BEA: Accession No. 50-90-40-401, price $60.00 (three
diskettes).
10.3 Foreign Direct Investment in the United States: Establishment Data for
1987 (publication). This will be the first publication in a new annual series that
will present detailed results from linking BEA'S data for foreign-owned U.S. business
enterprises to the Census Bureau's data for the establishments (or plants) of those
enterprises. Detailed estimates of the number, employment, payroll, and shipments or
sales of foreign-owned U.S. establishments and, for comparative purposes, of all U.S.
establishments, will be presented. Data will be classified by detailed industry (4-digit
sic), by country of the ultimate beneficial owner of the investment, and by State.
The BEA-Census data link project was mandated by the Foreign Direct Investment
and International Financial Data Improvements Act of 1990, which authorized BEA to
access confidential Census Bureau data for purposes of the link. Now being prepared:
Should be available from GPO in the summer of 1992.
10.4 Foreign Direct Investment in the United States: Balance of Payments and
Direct Investment Position Estimates, 1980-86 (publication). Contains final estimates
of the foreign direct investment position in the United States and balance of payments
transactions between foreign parent groups and their U.S. affiliates for 1980-86. Includes estimates by country of foreign parent and industry of U.S. affiliate. (1990)
Available from GPO: Stock No. 003-010-00215-8, price $3.00.
10.5 Foreign Direct Investment in the United States: Direct Investment Position
and Related Capital and Income Flows (diskette). Annual estimates of the foreign
direct investment position in the United States and selected capital and income flows
between U.S. affiliates and their foreign parent companies. AvailablefromBEA:
1987-90: Accession No. 50-91-40-606, price $20.00.
1980-86: Accession No. 50-91-40-605, price $20.00.
10.6 U.S. Business Enterprises Acquired or Established by Foreign Direct Investors, Supplementary Tables (tables, diskette). The results of BEA'S survey of new
foreign direct investments in the United States. Summary tables appeared in the May
1991 SURVEY OF CURRENT BUSINESS article. This set of supplementary tables contains
additional detail for 1987-90 on the number of investments and investors, investment
outlays, and selected operating data of the U.S. business enterprises acquired or established. (1991) Comparable tables for 1980-86 are also available. Available from
BEA:
19^7-90:
Tables—Accession No. 50-91-20-105, price $10.00.
February 1992 • 55
56 • February 1992
International
Economics—
Continued
SURVEY OF CURRENT BUSINESS
Diskette—Accession No. 50-91-40-405, price $20.00.
1980-86:
Tables—Accession No. 50-89-20-106, price $18.00.
Diskette—Accession No. 50-89-40-406, price $20.00.
10.7 Foreign Direct Investment in the United States: Gross Product of Nonbank
U.S. Affiliates, 1977-87 (tables). Presents, by industry of U.S. affiliate and by country
of ultimate beneficial owner, estimates of U.S. affiliates' gross product. (1989) Available
from BEA: Accession No. 50-89-20-107, price $10.00.
L7.S. direct investment
abroad
10.8 U.S. Direct Investment Abroad: 1989 Benchmark Survey, Preliminary Results (publication, diskette). Preliminary results of BEA'S 1989 benchmark survey of
U.S. direct investment abroad. Benchmark surveys are BEA'S most comprehensive
surveys, both in terms of companies covered and information gathered. Presents a
detailed account of U.S. direct investment abroad in 1989, including data on balance
sheets; income statements; employment; employee compensation; U.S. merchandise
trade; sales of goods and services; research and development expenditures; property,
plant, and equipment; and taxes. Data are classified by country and industry of affiliate
and industry of U.S. parent. (1991) Available as follows:
Publication—Available from GPO: Stock No. 003-010-00225-5, price $5.50.
Diskette—Available from BEA: Accession No. 50-91-40-404, price $40.00 (two
diskettes).
10.9 U.S. Direct Investment Abroad: Operations of U.S. Parent Companies
and Their Foreign Affiliates (publication, diskette). The most detailed results of
BEA'S annual survey of the worldwide operations of U.S. multinational companies
(only summary information appears in the SURVEY OF CURRENT BUSINESS). Contains
information on the financial structure and operations of both U.S. parent companies
and their foreign affiliates. Data are classified by country and industry of foreign
affiliate and by industry of U.S. parent. Preliminary estimates from annual surveys are
released as soon as possible; revised estimates are released one year later.
NOTE.—The annual survey publication for 1989 has been replaced by the publication for the 1989 benchmark survey of U.S. direct investment abroad (see entry no.
10.8).
i;
Available as follows:
U.S. Direct Investment Abroad: Operations of U.S. Parent Companies and Their
Foreign Affiliates, Revised 1988 Estimates. (1991)
Publication—Available from NTIS: Accession No. PB 92-101583, price $19.00
(paper copy), $9.00 (microfiche).
Diskette—Available from BEA: Accession No. 50-91-40-403, price $20.00.
U.S. Direct Investment Abroad: Operations of U.S. Parent Companies and Their
Foreign Affiliates, Revised 1987 Estimates. (1990)
Publication—Available from NTIS: Accession No. PB 90-258898, price $19.00
(paper copy), $9.00 (microfiche).
Diskette—Available from BEA: Accession No. 50-90-40-403, price $20.00.
U.S. Direct Investment Abroad: Operations of U.S. Parent Companies and Their
Foreign Affiliates, Revised 1986 Estimates. (1989)
Publication—Available from NTIS: Accession No. PB 90-114125, price $19.00
(paper copy), $9.00 (microfiche).
Diskette—Available from BEA: Accession No. 50-89-40-403, price $20.00.
10.10 U.S. Direct Investment Abroad: Balance of Payments and Direct Investment Position Estimates, 1977-81 (publication). Contains final estimates of the U.S.
direct investment position abroad and balance of payments transactions between U.S.
parent companies and their foreign affiliates for 1977-81. Includes estimates by country
SURVEY OF CURRENT BUSINESS
February 1992 •
and industry of foreign affiliate. (1987) Available from BEA: Accession No. 50-86-10-150,
price $5.00
10.11 U.S. Direct Investment Abroad, Country by Industry Estimates, 1950-90
(computer tape). Annual estimates of the U.S. direct investment position abroad and
of selected capital and income flows between U.S. parent companies and their foreign
affiliates. Estimates are for 56 countries by 7 industries for 1950-65, 56 countries by
14 industries for 1966-76, 76 countries by 15 industries for 1977-81, and 80 countries
by 15 industries for 1982-90. Available from BEA: Accession No. 50-91-00-666, price
$100.00.
10.12 U.S. International Sales and Purchases of Services (reprint). Presents information on services in a more detailed and unified format than has been available
previously. Includes data on cross-border transactions in services (for 1987-90) and
on sales of services by foreign affiliates of U.S. companies and by U.S. affiliates of
foreign companies (for 1988-89). This article appeared in the September 1991 SURVEY
OF CURRENT BUSINESS; data are updated annually. (1991) Available upon request from
the International Investment Division.
10.13 A Guide to BEA Statistics on Foreign Direct Investment in the United
States (reprint). Explains the types of data on foreign direct investment in the United
States that are collected and published by BEA and clarifies the differences between
those data sets. This article appeared in the February 1990 SURVEY OF CURRENT
BUSINESS. (1990) Available upon request from the International Investment Division.
BEA'S work on economic accounts is supplemented by various other tools for measuring, analyzing, and forecasting economic developments. These include a system of
business cycle indicators and a set of estimates relating to the environment.
Other Tools for
Economic
Analysis
11.0 BEA maintains a system of indicators to track business cycles. The system
features the composite indexes of leading, coincident, and lagging indicators. The
data base includes series classified as cyclical indicators (because they conform well to
broad fluctuations in economic activity), as well as other series useful in interpreting
the economic situation and outlook. Each month preliminary values of the three
composite indexes for the latest month and revised values for the 5 preceding months
are released. Once a year, in the fall, the composite indexes are recalculated for
recent years to incorporate historical revisions in component data. Information on
composite indexes appears each month in the Business Cycle Indicators section (Cpages) of the SURVEY OF CURRENT BUSINESS. For further information, write to the
Business Outlook Division, BE-52, Bureau of Economic Analysis, U.S. Department
of Commerce, Washington, DC 20230, or call (202) 523-0800. A recorded telephone
message at (202) 898-2450 provides current data for the composite indexes (and the
leading index components) immediately upon their release. The message is updated
weekly, usually on Monday, to include recently available component data that will be
incorporated into the next release (see entry no. 1.1).
Business cycle
indicators
11.1 BEA Reports: Composite Indexes of Leading, Coincident, and Lagging Indicators (EBB, news release). Monthly reports with summary estimates of the composite
indexes. Reports are available online through the EBB (see entry no. 1.2). Printed
reports are mailed the day after estimates are released. (This set of reports is included
in the five sets of BEA Reports-, see entry no. 1.3.) The printed composite index reports are available from BEA on a subscription basis: Accession No. 53-91-11-016* price
$24.00 per year.
57
• February 1992
SURVEY OF CURRENT BUSINESS
Other Tools—
11.2 Cyclical Indicators Methodology (reprint). Reprints of two articles that
appeared in the SURVEY OF CURRENT BUSINESS. "Composite Indexes of Leading, Coincident, and Lagging Indicators" from the November 1987 issue summarizes the
selection and classification of the composite index components and the method of
construction of the indexes. "Business Cycle Indicators: Revised Composite Indexes"
from the January 1989 issue describes the changes in components, the changes in
methodology for computing the indexes, the updating of seasonal factors, and the historical revisions in component data that were incorporated in the March 1989 revision
of the composite indexes. Also includes selected other information. (1989) Available
from BEA: Accession No. 52-90-10-301, price $10.00.
11.3 Business Cycle Indicators Current Data (EBB, diskette, printout). Data for
the last 4 calendar years (plus data for earlier years if revised) for all series in the
Business Cycle Indicators (C-pages) section of the SURVEY OF CURRENT BUSINESS. Includes data for about 270 series; most are monthly series. Updated monthly. Available
online through the EBB (see entry no. 1.2). Diskettes and printouts are available from
BEA on a subscription basis:
Diskette—Accession No. 52-86-41-401, price $200.00 per year.
Printout—Accession No. 52-88-21-201, price $100.00 per year.
11.4 Business Cycle Indicators Historical Data (EBB, diskette). Historical data
(from 1945, when available, to the present) for all series in the Business Cycle Indicators
(C-pages) section of the SURVEY OF CURRENT BUSINESS (about 270 series). Updated
monthly. Available online through the EBB (see entry no. 1.2). Diskettes are available
from BEA: Accession No. 52-86-40-402, price $40.00 (two diskettes).
Continued
Environmental
estimates
12.0 BEA maintains a set of annual current- and constant-dollar estimates of
capital expenditures and operating costs for pollution abatement and control. These
estimates, which are prepared within the framework of the national income and product accounts, are classified by sector (consumers, business, and government) and by
element of the environment affected (air, land, and water). The most recent SURVEY OF
CURRENT BUSINESS article reporting the capital expenditures appeared in November
1988, and the most recent article reporting the total expenditures (including operating
costs) appeared in November 1991. For further information, write to the Environmental Economics Division, BE-62, Bureau of Economic Analysis, U.S. Department of
Commerce, Washington, DC 20230, or call (202) 523-0687. For specific questions, the
following telephone numbers may be used:
Total expenditures
Capital expenditures
(202) 523-4821
-0889
12.1 BEA Reports: Pollution Abatement and Control Expenditures (EBB, news
release). News release on annual pollution abatement and control expenditures. Available online through the EBB (see entry no. 1.2). Printed release available by calling or
writing the Environmental Economics Division.
12.2 Stocks and Underlying Data for Air and Water Pollution Abatement Plant
and Equipment (printout). Estimates of the gross and net capital stocks at historical,
constant, and current cost; estimates of capital expenditures in constant and current
dollars; price indexes by media (air and water) and for selected industry groups (manufacturing, electric utilities, and other nonmanufacturing); and estimates of lifetimes
by media for pollution abatement plant and equipment. Available from BEA: Accession
No. 62-82-20-001, price $35.00.
£j
U.S. DEPARTMENT OF COMMERCE
BUREAU OF ECONOMIC ANALYSIS
ORDER FORM for BEA Information Products
1. Mail order form and payment to:
Public Information Office
Order Desk, BE-53
Bureau of Economic Analysis
U.S. Department of Commerce
Washington, DC 20230
2. Name and mailing address (Please type or print)
Name_
Organization,
Address
City-
State-
Zip-
Country-
Phone (
)—
3. Special instructions:
To charge orders by phone. Call the BEA division mentioned in the relevant program description.
Express delivery. For foreign and domestic express prices, call BEA's Public Information Office at (202) 523-0777.
Foreign airmail. For airmail shipment to a foreign address, add 25 percent to the subtotal.
Tapes. For tape orders, complete section 5.
Diskettes. All diskettes are DOS-formatted 5 1/4-inch, 360 kb, double-sided, double density. (Contact the BEA
division mentioned in the relevant program description about obtaining other types of diskettes.)
Accession number
Qty.
Title
Total
price
Price
each
$
Subtotal
$
Foreign airmail
4. Method of payment:
Express delivery
1
1 Check/money order (Made payable
to Bureau of Economic Analysis)
1—1 Visa 1 1 Mastercard
Other charges
Total enclosed
$
Card numberExp. date
Additional Information
Signature(required on credit card orders)
Name on credit card
or check:
For BEA Use Only
5. Tapes:
All tapes are 9-track and odd parity. Please check the
appropriate boxes below to indicate your preferences.
Type:
Density:
IH ASCII
D EBCDIC—labeled
D EBCDIC—unlabeled
D 1600 bpi
D 6250 bpi
Received by^Date received:
Filled by:
Date filled:-
BEA
use
only
GPO Publications and Subscriptions
How To Order
Orders should specify the publication's stock number or the subscription's List ID symbol, title, number of copies,
and price. Payment must accompany all orders unless charged to a GPO Deposit Account or charged to VISA
or MasterCard.
Charge orders using a GPO Deposit Account number, VISA, or MasterCard may be placed by either of two
methods:
o By telephone—Call GPO at (202) 783-3238.
o By fax machine—Fill out the order form below and send to GPO. GPO can receive charge orders by
fax machine 24 hours a day, 7 days a week, from U.S. and international customers. The fax service
reduces order processing time. Customers should fax subscription orders to (202) 512-2233 and
publication orders or combination publication and subscription orders to (202) 512-2250.
Foreign orders—International customers, please add an additional 25 percent. For information on foreign airmail
delivery, write to GPO at the address below, call (202) 783-3238, or fax (202) 512-2233.
The average processing time for new orders is 2 to 6 weeks. Correspondence about late delivery or nondelivery
should be sent directly to GPO.
Ord r
* £™*ssin9 Code:
*6201
Superintendent of Documents Publications and Subscriptions Order Form
Charge your order.
Publications
Qty.
It's Easy!
To fax your orders (202) 512-2250
Please Type or Print (Form is aligned for typewriter use.)
Price
Each
Title
Stock Number
Total
Price
Total for Publications
Subscriptions
Qty.
Price
Each
Title
(List ID)
NOTE: Prices include regular domestic postage and handling and are subject to change.
International customers please
add 25% .
v
(Company or Personal Name)
(Please type or print)
Total
Price
Total for Subscriptions
^ ,^
r -. ,
Total Cost of
Order
Please Choose Method of Payment:
[~] Check Payable to the Superintendent of Documents
(Additional address/attention line)
O GPO Deposit Account I I I I I I I I — Q]
VISA or MasterCard Account
(Street address)
(City, State, ZIP Code)
(Credit card expiration date)
Thank you for
your order!
(Daytime phone including area code)
(Authorizing Signature)
(Purchase Order No.)
YES NO
May we make your name/address available to other mailers?
Mail To: New Orders, Superintendent of Documents
P.O. Box 371954, Pittsburgh, PA 15250-7954
3 92
/
NTIS Products
How To Order
Orders for publications or microfiche should specify the accession number, title, number of copies, and price.
An order form is provided below. Payment (by check or money order) must accompany all orders unless charged
to an NTIS Deposit Account, or to VISA, MasterCard, or American Express.
Charge orders using an NTIS Deposit Account number, VISA, MasterCard, or American Express may be placed
by either of two methods:
o By telephone—To order products, call (703) 487-4650.
o By fax machine—Pill out the order form below and send to NTIS. Use fax number (703) 321-8547.
Foreign Orders—Prices are double the listed domestic price.
Foreign Airmail—Printed reports, add $4 Canada & Mexico; $8 other countries.
Delivery Time—Allow 3 to 12 days plus time for postal delivery.
Refund Policy—NTIS does not permit return of items for credit or refund. NTIS will replace items if an error
is made in filling the order or if the item is defective.
ORDER FORM for NTIS Products
Mail to:
Name-
U.S. Department of Commerce
National Technical Information
Service
5285 Port Royal Road
Springfield, VA 22161
OrganizationAddress
Country -
Accession Number
. Zip-
State-
Citv
-Phone (
)-
No. of
copies
Title
Price
$
Shipping and handling charge: Domestic $3.00, foreign $4.00
$
Total
$
1 1 Enclosed is my check to NTIS for $
n Charge my NTIS Deposit Account No.
Charge to: Q American Express nviSA
Card No
Expiration Date
Signature
(Required to validate order)
CU MasterCard
Just Released by BEA!
FOREIGN DIRECT INVESTMENT IN THE UNITED STATES:
Operations of U.S. Affiliates of Foreign Companies
Revised 1988 Estimates
and
Preliminary 1989 Estimates
These publications, which present the results of BEA's most recent annual surveys of foreign direct investment in the United States,
are the authoritative sources of data on the overall financial structure and operations of U.S. affiliates of foreign companies. Each
contains over 70 tables, disaggregated by country of ownership, by industry of affiliate, and, for selected items, by State. The
publications present a comprehensive view of foreign direct investment in 1988 and 1989, including:
Balance sheets and income statements
Employment and employee compensation
FOREIGN DIRECT INVESTMENT
Property, plant, and equipment
Merchandise trade
Sales of goods and services
Acres of land and mineral rights owned or leased
Selected items by State
These publications provide some of the most detailed information on foreign direct investment in the United States collected by the
U.S. Government and will be of interest to economists, corporate executives, public officials, scholars, students, and many others. Use
the form below to order a copy of each today!
NOTE: These new estimates are also available from BEA on diskette. For information on how to obtain diskettes, write to: International Investment Division, BE-50,
Data Retrieval and Analysis Branch, Bureau of Economic Analysis, U.S. Department of Commerce, Washington, D.C. 20230 USA, or call {202)523-0653.
Superintendent of Documents Publications Order Form
Order Processing Code:
Charge your order.
It's Easy!
To fax your onjers (202) 512-2250
*6138
LJ YES, please send me the following:
copiesofFOREIGNDIRECTINVESTMENTINTHEUMTEDSTATES:Operationso
Foreign Companies, Revised 1988 Estimates, S/N 003-010-00224-7 at $5.00 each.
copies of FOREIGN DIRECT INVESTMENT IN THE UNITED STATES: Operations of U.S. Affiliates of
Foreign Companies, Preliminary 1989 Estimates, S/N 003-010-00223-9 at $5.00 each.
The total cost of my order is $
. International customers please add 25%. Prices include regular domestic
postage and handling and are subject to change.
Please Choose Method of Payment:
(Company or Personal Name)
(Please type or print)
Check Payable to the Superintendent of Documents
GPO Deposit Account | ] [
VISA or MasterCard Account
I I I I I I I-D
(Additional address/attention line)
(Street address)
(Credit card expiration date)
(City, State, ZIP Code)
(Daytime phone including area code)
(Authorizing Signature)
Thank you for
your order!
11/91
(Purchase Order No.)
YES NO
May we make your name/address available to other mailers?
Mail To: New Orders, Superintendent of Documents
P.O. Box 371954, Pittsburgh, PA 15250-7954
Detailed Data on the Structure of the U.S. Economy
THE 1982 BENCHMARK INPUT-OUTPUT ACCOUNTS
OF THE UNITED STATES
This volume presents the 1982 benchmark input-output (I-O) accounts
for the U.S. economy in tables showing:
• The production of 541 commodities (goods and services) by
each of 541 industries
THE D SAILED INPUT-OUTPUT STRUCTURE
U.S. ECONOMY, 1982
artt*
• The use of these commodities by each industry
• The commodity composition of GNP
• The industry distribution of value added
BEA prepared these accounts primarily on the basis of data collected in the 1982 U.S. economic censuses.
Two tables are basic to the accounts. The first, the "make" table, shows the industry production of each commodity in the economy.
The second, the "use" table, shows the commodities consumed, or used, by each industry and final consumer. Descriptions of
the data sources and methods as well as the industry and commodity classification systems used are included.
The "make" and "use" tables provide valuable information to market researchers and others who wish to analyze and project the
use of particular products. The major analytical use of the estimates in the I-O accounts is in economic analyses that require the
measurement of both the direct and indirect effects of changes in demand. The I-O accounts are also used as a source of weights
for preparing price or output indexes. Order your copy today!
All data developed for this study are available in machine-readable form;
for further information, call BEA at (202) 523-0792.
Superintendent of Documents Publications Order Form
Order Processing Code:
Charge your order.
It's Easy!
*6215
YES, please send me the following:
To fax your orders (202) 512-2250
copies of THE 1982 BENCHMARK INPUT-OUTPUT ACCOUNTS OF THE UNITED
STATES, S/N 003-010-00226-3 at $19.00 each.
The total cost of my order is $
. International customers please add 25%. Prices include regular domestic
postage and handling and are subject to change.
(Company or Personal Name)
(Please type or print)
Please Choose Method of Payment:
I I Check Payable to the Superintendent of Documents
O GPO Deposit Account I I I I I I I I " [U
VISA or MasterCard Account
(Additional address/attention line)
(Street address)
(City, State, ZIP Code)
(Credit card expiration date)
Thank you for
your order!
(Daytime phone including area code)
(Authorizing Signature)
(Purchase Order No.)
May we make your name/address available to other mailers?
YES NO
Mail To: New Orders, Superintendent of Documents
P.O. Box 371954, Pittsburgh, PA 15250-7954
2 92
/
Comprehensive Information
on the U.S. Economy
Over 2,000 Data Series — Updated Monthly
The SURVEY OF CURRENT BUSINESS provides the broad
scope and the statistical detail to keep you informed, month
by month, about U.S. economic conditions. It is the journal
of record for many of the headline-making economic
statistics that influence decisionmakers in business and
government, including:
Gross domestic product (GDP),
The SURVEY also contains two statistical sections that
present an array of economic data from public and private
sources.
Personal income (both national and regional),
Leading economic indicators, and
• The "Current Business Statistics" section consists of
tables for over 1,900 series covering general business activities and specific industries.
U.S. balance of payments.
The SURVEY'S articles analyze these numbers and present
the statistical detail and methodologies that underlie them.
• The "Business Cycle Indicators" section consists of
tables and charts for over 250 series that are widely used in
business cycle analysis.
To keep up with the rapidly changing U.S. economy,
subscribe to the SURVEY OF CURRENT BUSINESS today.
Superintendent of Documents Subscriptions Order Form
Order Processing Code.
Charge your order.
It's easy!
*6121
I
I YES} P^ase send me the following indicated subscriptions:
To fax your orders and inquiries-(202) 512-2233
subscription(s)of SURVEY OF CURRENT BUSINESS, SCUB: second-class mail—$29.00 domestic,
$36.25 foreign; first-class mail—$76.00 domestic. For foreign air mail prices or to place an order by
telephone, call (202) 783-3238.
The total cost of my order is $_
(Company or personal name)
(Additional address/attention line)
(Please type or print)
Please Choose Method of Payment:
I I Check payable to the Superintendent of Documents
Q GPO Deposit Account
! I I I I I I I -[]
VISA or MasterCard Account
(Street address)
(City, State, ZIP Code)
(Credit card expiration date)
(Daytime phone including area code)
(Signature)
Thank you for your order!
Mail to: New Orders, Superintendent of Documents, P.O. Box 371954, Pittsburgh, PA 15250-7954 USA
2/92
SURVEY OF CURRENT BUSINESS
February 1992
BUSINESS
CYCLE
C-J
INDICATORS
Data tables
C-l
Footnotes for pages C-l through C-5
C-6
Charts
C-7
Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources
are provided through the courtesy of the compilers and are subject to their copyrights.
Current and historical data for the series shown in the C-pages are available on printouts, diskettes, and the Commerce
Department's Economic Bulletin Board. For more information, write to Business Cycle Indicators Branch, Business Outlook
Division (BE-52), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the Business Cycle Indicators Branch.
Series
no.
Series title and timing classification
Year
1990
1991
Dec.
1992
1991
Jan.
Feb.
Apr.
Mar.
June
May
July
Aug.
Sept
Oct.
Nov.
Jan.*
Dec.
1. COMPOSITE INDEXES
The Leading Index
910 •
Composite index of leading indicators, 1982=100 (L.L.L) ...
Percent change from previous month
4
Percent change over 3-month span AR . .
Leading index components:
14
Average weekly hours, mfg. (L,L,L)
5*
Average weekly initial claims for unemployment
insurance, thous. (L,C,L) ' * §.
8*
Mfrs.' new orders, consumer goods and materials,
bil. 1982$ (L,L,L)§.
Vendor performance, slower deliveries diffusion index,
324
percent (L.L.L).
20*
Contracts and orders for plant and equipment, bil.
1982$(L,L,L)§.
29*
Index of new private housing units authorized by local
building permits, 1967=100 (L.L.L).
92*
Change in mfrs.' unfilled orders, durable goods, bil.
1982$, smoothed (L,L,L)f§.
99*
Change in sensitive materials prices, percent, smoothed
(L,L,L)t§.
19*
Index of stock prices, 500 common stocks, 1941-43=10,
NSA (L.L.L).
106*
Money supply M2, bil. 1982$ (L,L,L)§
83*
Index of consumer expectations,
U. of Michigan,
1966:1=100, NSA (L.L.L)©2.
Diffusion index of 11 leading indicator components:
950
Percent rising over 1 -month span
4
Percent rising over 6-month span
143.6
.3
4.6
139.6
-2
-7.4
138.8
-.6
1.4
140.4
1.2
5.6
141.5
.8
92
141.9
.3
7.6
143.0
.8
7.0
143.9
.6
145.6
12
7.5
145.6
0
10.8
402
'4.5
'145.5
-1
'.6
'145.8
"145.5
'2
"145.2
"146.5
'-2
"r2
".9
'-.3
'-.8
"1.9
40.7
407
444
'442
40.4
'440
40.3
"472
40.3
'499
'467
40.4
'443
40.8
'434
40.7
'411
41.0
'431
41.0
'435
40.9
'422
41.0
'436
41.1
"435
"85.14
'82.22
"87.69
'89.78
'87.59
'9325
'93.05
'93.30
"92.68
'91.69
"87.55
'83.37
'8422
47.3
47.3
43.6
44.1
43.5
44.9
521.52
47.39
45.91
44.32
42.99
40.82
1,068.16
76.2
-1.44
68.1
'-1.24
64.0
'-127
69.9
71.1
-1.31
'-1.11
72.8
'-1.73
45.9
47.1
50.4
48.8
49.4
50.3
50.6
4122
41.33
47.85
'43.64
'41.10
'44.65
'47.45
77.0
'-2.08
79.7
'-2.56
80.1
'-1.64
76.0
78.3
-.86
'-.82
82.0
'-1.02
792
'-1.32
"40.8
424
"89.54
49.5
"4024
48.0
"44.92
84.1
'-1.58
88.6
"-1.77
-.65
'-.49
'-.60
'-.66
-.72
'-.69
'-.59
'-.56
'-.50
'-.60
-.75
-.84
"-.74
"-.55
-.40
376.18
328.75
325.49
362.26
372.28
379.68
377.99
378.29
38023
389.40
38720
386.88
385.92
388.51
416.08
2,405.9 '2,395.7
'2,390.0
'2,404.4
'2,4132
'2,413.2 '2,415.6
'2,413.3
'2,410.1 '2,403.7
'2,398.5
'2,401.9
"2,403.4
"2,403.8
"2,409.0
70.3
53.7
552
62.0
84.5
74.7
71.5
75.9
74.4
75.3
76.4
70.5
61.9
61.5
59.1
53.8
45.5
18.2
36.4
27.3
59.1
54.5
40.9
72.7
63.6
90.9
72.7
86.4
72.7
63.6
72.7
72.7
36.4
'50.0
'59.1
45.5
'45.5
'50.0
"63.6
'72.7
"40.9
126.8
126.8
126.5
The Coincident Index
920 •
4
414
51*
474
574
951
4
125.7
127.0
126.3
125.9
Composite index of coincident indicators, 1982=100
126.3
128.9
126.5
(C.C.C).
Percent change from previous month
-.5
2
.5
-1.5
-.6
-.3
-.9
Percent change over 3-month span AR
-3.0
-11.2
-9.6
-13.0
-3.4
.6
3.5
Coincident index components:
109,418 109,160 108,902 108,736 108,887
Employees on nonagricultural payrolls, thous. (C.C.C) ...
108,979 109,621
3,420.7
3,4132
3,4052
3,411.0
3,422.6
Personal income less transfer payments, bil. 1987$, AR
3,415.8 3,473.3
(C,C,C)§.
105.7
106.4
107.1
1072
106.6
105.0
Index of industrial production, 1987=100 (C.C.C)
105.5
5,613,432 '461,570 "457,055 459,053 457,033 465,334 469,205
Manufacturing and trade sales, mil. 1982$ (C.C.C)
Diffusion index of 4 coincident indicator components:
0
25.0
25.0
50.0
100.0
Percent rising over 1 -month span
49.0
25.0
0
0
Percent rising over 6-month span
50.0
62.5
75.0
0
2
2.9
108,885
3,431.5
107.3
470,536
0
o
108,859
3,412.4
108.1
474,815
126.6
"126.4
'125.5
"125.0
-2
-.6
.1
'-1.3
-2
'-3.1
-.7
'-5.0
"-.4
3
-8.3
108,971
3,416.2
109,066
3,418.3
108.0
472,276
3
123.7
3
-1.0
109,073 '108,843 "108,846 "108,755
"3,412.6 '3,401.7 "3,423.8 "3,4002
108.4
'108.4
"107.6
'108.1
473,720 '475,040 '473,568 "465,797
0
"106.7
"37.5
87.5
75.0
62.5
87.5
100.0
'37.5
'50.0
'62.5
'111.4
'111.1
'110.9
"110.4
-.3
"-4.6
-2
'-3.5
'-.5
4
-7.7
14.6
1.44
14.9
1.44
"1.47
-.3
'-2
'1.0
".7
7.58
721
6.50
50.0
3Q
3Q
The Lagging index
Composite index of lagging indicators, 1982=100
(Lg,Lg,Lg).
Percent change from previous month
Percent change over 3-month span AR
Lagging index components:
91*
Average duration of unemployment, weeks (Lg,Lg,Lg) $
Ratio, mfg. and trade inventories to sales in 1982$
774
(Lg,Lg,Lg).
62*
Change in Tabor cost per unit of output, mfg., percent,
AR, smoothed (Lg,Lg,Lg)t§.
109*
Average prime rate charged by banks, percent, NSA
930*
101*
95*
120*
952
4
940*
Commercial and industrial loans outstanding, mil. 1982$
(Lg,Lg,Lg) §.
Ratio, consumer installment credit outstanding to
personal income, percent (Lg,Lg,Lg)§.
Change in Consumer Price Index for services, percent,
AR, smoothed (Lg.Lg.Lg) t §.
Diffusion index of 7 lagging indicator components:
Percent rising over 1 -month span ,
Percent rising over 6-month span
Ratio, coincident index to lagging index, 1982=100 (L,L,L)
114.5
-.6
-7.5
13.8
1.47
2.6
8.46
385,665
15.12
4.6
36.3
110.3
1192
.6
4.1
12.5
1.50
6.1
10.00
393,386
15.35
119.8
.5
2.7
12.5
1.52
7.0
9.52
393,880
15.39
119.3
-.4
o
12.9
1.51
7.1
9.05
396,839
15.39
115.8
113.6
113.1
'1122
-1.4
-1.4
'-.7
-17.5
-.4
'-11.9
'-.8
112
-1.9
-142
'-7.5
'-6.9
13.0
1.50
13.4
1.48
13.1
1.46
6.8
9.00
404,657
15.32
5.5
9.00
397,353
15.31
3.8
8.50
391,021
15.18
4.5
'5.6
"5.9
'5.9
'5.6
'5.0
57.1
42.9
78.6
42.9
42.9
14.3
28.6
21.4
14.3
0
105.5
0
107.1
0
108.1
106.0
105.9
NOTE.-The following current high values were reached before December 1990; November 1983-BCI-32 (67.5)
and BCI-99 Smoothed (2.09); January 1984-BCI-940 (116.1); February 1984-BCI-29 (158.5); March 1984-BCI83 (97.7) and BCI-92 smoothed (4.61); August 1984-BCI-109 (13.00); March 1986-BCI-77 (1.58); July 1987BCI-5 (286); May 1988-BCM06 (2,473.4); December 1988-BCI-8 (99.83); April 1989-BCI-1 (41.2); June 1989-
117.5
-.1
-75
1192
1092
14.0
1.45
1.9
8.50
387,320
15.08
13.9
1.43
0
8.50
388,688
15.10
14.1
1.44
142
-.5
-1.2
8.50
1.44
8.20
108.9
4
-1.4
16.4
15.3
379,170 "375,141 "371,341 "373,013 '369,560 "367,489
15.02
14.96
'4.0
'3.8
'3.8
"3.9
7.1
0
111.6
50.0
'28.6
0
'112.7
"28.6
"113.6
0
112,1
8.00
4
21.4
"14.77
'14.95
"14.96
'4.0
"4.1
"35.7
'64.3
'42.9
"113.2
'113.2
4
4.3
4.3
4
10.0
40.0
' 113.8
"113.6
BCI-91 (11.1); September 1989-BCI-95 (16.07); October 1989-BCI-930 (120.3), December 1989-BCI-20 (51.59);
March 1990-BCI-1Q1 (409,697); June 1990-BCI-41 (110,435) and BCI-920 (134,6); July 1990-BCI-51 (3,509.8);
August 1990-BCI-57 (488,655); and September 1090-BGI-47 (110.6) and BCM20 smoothed (6.6).
See page C-6 for other footnotes.
C-2 • February 1992
Series
no.
SURVEY OF CURRENT BUSINESS
Year
1990
1991
Dec.
1992
1991
Series title and timing classification
Jan.
| Feb. | Mar. | Apr. |
May | June
| July
Aug.
| Sept
|
Jan, *
Dec.
Oct. | Nov.
2. LABOR FORCE, EMPLOYMENT, AND UNEMPLOYMENT
441
442
451
452
453
1*
21*
5*
46*
60
48*
42
41*
963
40*
90*
37
43*
45
91*
44
Labor force:
Civilian labor force thous .
Civilian employment, thous
Civilian labor force participation rates (percent):
Males 20 years and over
Females 20 years and over
Both sexes 16-19 years of age
Marginal employment adjustments:
Average weekly hours mfg (L L L)
Average weekly overtime hours, mfg. (L.C.L)
Average weekly initial claims for unemployment
insurance, thous. (LAL)1^.
Job vacancies:
Index of help-wanted advertising, 1967=100 (L,Lg,U)
Ratio, help-wanted advertising to unemployed (L,Lg,U) ..
Employment:
Employee hours in nonagricultural establishments,
bil. hours, AR (U,C,C).
Persons engaged in nonagricultural activities, thous.
(U,C,C).
Employees on nonagricultural payrolls, thous. (C,C,C) ...
Diffusion index of employees on private nonagricultural
payrolls, 356 industries:
Percent rising over 1-month span
Percent rising over 6-month span
Employees in goods-producing industries, thous. (L,C,U)
Ratio, civilian employment to population of working age,
percent (U.Lg.U).
Unemployment:
Number of persons unemployed, thous. (L,Lg,U) $
Civilian unemployment rate, percent (L,Lg,U) $
Average weekly insured unemployment rate, percent
Average duration of unemployment, weeks (Lg,Lg,Lg) $
Unemployment rate, 15 weeks and over, percent
(Lg,Lg,Lg)t
125,303
116,877
125,144
117,476
124,740
11 6^977
125,067
116^937
125250
116,834
125,644
117^388
125,259
116730
125,524
116J909
125204
116,729
125,004
116*484
772
125,590
11 7^089
125,508
116',867
125,374
116772
77.3
57.9
51.7
77.8
57.8
52.8
77.4
57.7
53.0
77.4
57.8
53.0
77.5
57.9
53.0
77.8
58.1
52.3
77.5
57.9
52.0
77.5
58.1
51.5
77.4
57.8
50.4
77.5
57.8
51.5
772
77.1
57.8
49.5
57.8
51.7
51.4
407
3.6
444
40.7
40.4
403
33
40.3
402
3.3
404
M
408
37
407
37
410
3.8
41 0
37
409
37
41 0
37
'472
'499
93
3.5
'442
'440
108
100
.329
.419
.383
200.99
203.33
201.00
113,644
114,192
113,783
108,979
109,621
109,418
452
42.0
28.8
61.6
24,375
622
8,426
67
3.1
13.8
23319
1.9
38.5
267
24,181
97
.355
95
.336
'467
95
.342
'443
94
.328
96
92
'431
91
.318
.331
.323
201.73
199.81
200.94
199.66
20076
113,700
113,710
114,201
113,474
113,623
113,485
113230
109,160
108,902
108,736
108,887
108,885
108,859
108,971
36.9
312
24,039
38.6
29.5
38.5
34.3
51.1
412
23,847
61.9
61.8
7,668
6.1
2.8
7,763
62
8,130
6.5
8,416
67
'3.1
'3.3
8,256
6.6
3.3
8,529
6.8
'3.0
12.5
12.5
12.9
13.0
13.4
13.1
1.5
'411
20071
201.30
23,877
617
1.4
'434
1.6
17
45.8
45.8
51.3
49.9
54.8
'44.9
23,826
'435
92
.322
'422
88
.303
577
'436
89
.308
125,619
116,728
126,046
117^117
77.0
57.9
51.1
582
77.0
51.6
41 1
p Ana
3*
'435
424
'90
'.301
"283
"85
201.12
'20121
'201.51
"200.37
113,806
113,663
113,500
113,545
113,951
109,066
109,073 '108,843 '108,846 "108,755
202.10
50.0
'"45.8
23,797
48.3
"42.4
23,727
'44.1
'"44.8
"45.1
23,794
62.0
61.6
61.6
61.5
61.3
61.6
61.4
8,615
6.9
32
8,475
6.8
3.1
8,520
6.8
8,501
6.8
3.1
8,641
6.9
3.1
8,602
6.9
3.1
8,891
7.1
3.1
8,929
7.1
32
13.9
14.1
14.6
14.9
15.3
16.4
17
'3.2
1.8
23,792
140
2.0
23,798
1.9
'3.1
15
142
1.9
2.0
23,595 '"'23,554 """23"492
61.4
61.3
612
2.1
£3
2.4
'107.6
'1072
'110.1
'1097
"106.7
"105.8
"109.6
"108.9
'78.8
'78.0
"78.0
"77.0
3. OUTPUT, PRODUCTION, AND CAPACITY UTILIZATION
50
49
Output:
Gross domestic product bil 1987$ AR (C C C)
Percent change from previous quarter, AR
Gross national product bil 1987$ AR (CCC)
Value of domestic goods output, bil. 1987$, AR (C,C,C)
47*
73*
74*
75*
Industrial production indexes, 1987=100:
Total (C,C,C)
Durable manufactures (CCC)
Nondurable manufactures (C.L.L)
Consumer goods (C,L,C)
55«
124
82*
Capacity utilization rates (percent):
Total industry (L C U)
Manufacturing (L,C U)
4,849.9
-7
-2.5
4,8437
1,917.0
1,929.5
107.1
107.1
108.0
107.6
79.4
782
107.5
107.4
105.7
106.6
107.2
106.8
105.6
80.6
79.4
80.0
78.9
1072
106.1
106.0
105.0
105.0
105.4
1047
1047
79.1
78.0
78.4
1057
4,8627
1.8
4,872.0
1,940.5
4,8407
1.4
4,847.8
1,922.0
4,824.0
772
'4,8722
'.8
'1,938.4
105.5
106.0
105.9
105.5
106.4
106.7
106.5
106.6
107.3
107.3
107.6
108.0
108.1
108.1
108.6
108.3
108.0
107.8
109.0
108.4
108.4
108.4
109.6
109.4
'108.4
'1082
'110.1
109.7
78.6
77.5
79.1
77.8
79.6
78.3
80.0
78.7
79.8
78.6
79.9
78.8
'79.8
79.3
'787
782
'108.1
1077
'1097
'110.0
4. SALES, ORDERS, AND DELIVERIES
57*
59*
7*
8*
92*
32*
Sales:
Manufacturing and trade sales, mil. 1982$ (C,C,C)
Sales of retail stores, mil. 1982$ (U,L,U)
Orders and deliveries:
Mfrs.' new orders, durable goods, bil. 1982$ (L,L,L)§ ...
Mfrs.' new orders, consumer goods and materials,
bil. 1982$ (L,L,L)§.
Mfrs: unfilled orders, durable goods, mil. 1982$ 0§
Change from previous month, bil. 1982$ §
Change from previous month, bil. 1982$, smoothed
(L,L,L)t§.
Vendor performance, slower deliveries diffusion index,
percent (L.L.L).
5,613,432 '461,570 '457,055
1,440,327 '119,221 '117,050
459,053
119,724
457,033
120,307
465,334
119,815
469,205
120,719
470,536
120,666
474,815
121295
472,276
120,190
'96.68
'89.78
'95.46
'87.59
'106.62
'9325
10227
'93.05
9870
'83.37
96.39
'8422
96.04
'85.14
91.52
'8222
'94.81
'87.69
398,188 "416,770
-1.55
'1.69
-1.44
'-124
415,859
'-.91
'-127
415,953
.09
'-1.11
412,651
-3.30
-1.31
409,051
-3.60
'-173
1,17427
1,068.16
47.3
47.3
43.6
44.1
43.5
44.9
473,720 '475,040 '473,568 "465,797
120,488 '120255 '119,800 '120,018 ""126561
97.84
'93.30
406,602 '402,429 '408,824 '408,991 '405,020
-3.97
'-4.17
'.17
-2.45
6.40
'-1.64
-.86
'-.82
'-2.08
'-2.56
45.9
47.1
50.4
48.8
49.4
'100.35
'92.68
'100.77
'91.69
'95.52
'87.55
"97.06
"89.54
402,510 '400,145 '398,188 "396,346
"-1.84
'-1.96
'-2.51
'-2.36
'-1.32
"-1.77
'-1.02
'-1.58
50.3
50.6
49.5
48.0
5. FIXED CAPITAL INVESTMENT
12*
13*
10
20*
27*
9*
11
97
61
100*
Formation of business enterprises:
Index of net business formation, 1967=100 (L,L,L)§
Number of new business incorporations (L,L,L) §
Business investment commitments:
Contracts and orders for plant and equipment, bil.$
(L,L,L)§.
Contracts and orders for plant and equipment, bil.
1982$(L,L,L)§.
Mfrs.' new orders, nondefense capital goods, bil. 1982$
(L.L.L).
Construction contracts awarded for commercial and
industrial buildings, mil. sq. ft (L.C.U)©2 §.
New capital appropriations, mfg., bil.$ (U Lg U)
Backlog of capital appropriations, mfg., bill (C,Lg,Lg)0
Business investment expenditures:
New plant and equipment expenditures by business,
bil.$, AR (C,Lg,Lg).
New plant and equipment expenditures by business,
bil.1987$,AR(C.Lg,Lg).
1152
52,060
115.5
51,991
114.9
50,384
114.2
51,536
115.0
52235
115.7
52,327
116.1
52,071
115.5
52,803
116.1
53,315
115.5
'52284
' 115.3
"53,763
'116.1
419.43
4227
37.72
37.30
35.03
33.44
32;07
32.00
4026
'34.32
'33.04
'3476
'37.75
'3174
"34.38
521.52
47.39
45.91
44.32
42.99
40.82
4122
41.33
47.85
'43.64
'41.10
'44.65
'47.45
'4024
"44.92
489.29
44.46
42.94
41.54
40.56
37.12
38.04
3920
45.06
41.03
38.82
45.19
'38.01
"42.68
532.30
4625
50.14
54.86
44.82
51.98
47.11
36.51
39.12
'4228
'33.96
'39.50
'39.94
32.08
'52.08
"33.29
"99.12
98.12
529.97
535.50
524.57
527.86
"531.96
492.80
496.29
487.06
491.95
"495.88
NOTE.-The following current high values were reached before December 1990: November 1983-BCI-32 (67.5);
March 1984-BCI-92 change (8.62) and BCt-92 smoothed (4.61); September 1985-BCI-9 (93.19); December 1986BCI-13 (65,691); July 1987-BCI-5 (286); November 1987-BCI-46 (162); December 1988-BCI-7 (115.44), BCI-8
(99.83), and BCI-60 (0736); January 1989-BCI-40 (25,406) and BCI-82 (85.1); February 1989-BCI-21 (4.0); March
1989-BCI-12 (126.5), BCI-37 (6,189), and BCI-43 (5.0); 1st Q 1989-BCM1 (50.01); April 1989-BCM (412) and
BCI-124 (85.0); May 1989-BCI-45 (2.0); June 1989-BCI-44 (1.0) and BCI-91 (11.1); 2d Q 1989-BCI-97 (117.90);
32.06
10028
105.80
4178
August 1989-BCI-59 (124,761); December 1989-BCI-10 (4627), BCI-20 (51.59), and BCI-27 (46.54); March
1990-BCI-90 (63.1); May 1990-BCI-42 (115,095) and BCI-92 level (423,364); June 1990-BCI-41 (110,435) and
BCI-48 (205.18); 2d Q 1990-BCI-49 (1,973.8) and BCI-100 (501.93); August 1990-BCI-57 (488,655); September
1990-BCI-47 (110.6) and BCI-73 (113.8); and 3d Q 1990-BCI-50 (4,9092) and BCI-55 (4,903.3).
See page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
Series
no.
Year
1990
1991
Dec.
February 1992 •
1992
1991
Series title and timing classification .
Jan.
| Feb. | Mar.
Apr.
| May
July
June
C-3
| Aug. | Sept. |
Oct. | Nov.
Dec.
Jan. *
5. FIXED CAPITAL INVESTMENT-Continued
694
764
864
874
884
284
294
894
Business investment expenditures—Continued:
Mfrs.' machinery and equipment sales and business
construction expenditures, bil.$, AR (C.Lg.Lg).
Index of industrial production, business equipment,
1987=100 (C.Lg.U).
Gross private nonresidential fixed investment, bil.
1987$, AR:
Total (C.Lg.C)
Structures (Lg,Lg Lg) .. .
Producers' durable equipment (C Lg C)
...
Residential construction and investment:
New private housing units started, thous., AR (L,L,L) § .
Index of new private housing units authorized by local
building permits, 1967=100 (L,L,L).
Gross private residential fixed investment bil 1987$
AR (L.L.L).
456.69
472.58
456.93
463.83
451.72
459.92
456.48
462.64
448.81
453.88
456.47
"465.76
"466.64
437.17
"443.01
121^5
1212
121.6
120.6
120.3
121.3
121.7
121.9
122.5
121.3
1222
"122.3
"121.7
"121.7
"120.3
"1,106
"1,167
84.1
88.6
512.0
519.1
510.0
"5041
"1460
"3582
1542
1633
5148
1589
3578
3558
3558
\
983
"1,036
"1,053
"1,053
"1,020
"1,085
79.7
80.1
76.0
78.3
82.0
1,014
762
"962
68.1
"844
64.0
1753
"1,008
"918
71.1
69.9
"978
72.8
1707
77.0
1484
361 6
"1,085
792
"1820
1765
1720
6. INVENTORIES AND INVENTORY INVESTMENT
70
774
304
314
Inventories on hand:
Mfg. and trade inventories, bil. 1982$ (Lg,Lg,Lg)Q
Ratio, mfg. and trade inventories to sales in 1982$
(Lg,Lg,Lg).
Inventory investment:
Change in business inventories, bil 1987$ AR (L,L,L) ..
Change in mfg. and trade inventories, bil.$, AR (L,L,L) .
684.34
1.47
-131
-8.0
692.69
1.50
"-65.9
695.51
687.70
693.86
68721
683.63
680.67
680.76
680.11
1.52
1.51
1.50
1.48
1.46
1.45
1.43
1.44
"73.0
-32.8
-38.9
-103.0
-32.7
-30.4
-62.2
-55.3
-3.6
-1.8
681.05
"683.09
"683.02
1.44
1.44
1.44
"684.34
"1.47
37.7
38.8
"10.9
"10.5
"41.5
"116.63
"-1.33
"115.79
"116.10
"116.35
"-.72
-.84
"27
"-.74
".22
"-.55
.1
7. PRICES
994
98
234
336
4
337 .
4
334
f
333
4
332
331
^
^
311
^
320
323
^
1204
Sensitive commodity prices:
Index of sensitive materials prices, 1982=1 00 §
Percent change from previous month §
Percent change from previous month, smoothed
(L,L,L)t§.
Index of producer prices for sensitive crude and
intermediate materials, 1982=100 (L,L,L)§.
Cattle hides §...'.
Lumber and wood products §
Wastepaper news§
Wastepaper, mixed, NSA
Wastepaper, corrugated §
Iron and steel scrap §
Copper base scrap §
Aluminum base scrap §
Other nonferrous scrap nee NSA
Sand gravel and crushed stone §
Raw cotton §
Domestic apparel wool §
Index of spot market prices, raw
industrial materials,
1967=100, NSA (U.L.L)©1.
Copper scrap $ per Ib. ©
Lead scrap $ per Ib ©
Steel scrap $ per ton ©
Tin, $ per to., NSA©
Zinc, $ per Ib., NSA©
Burlap, $ per yd., NSA©
Cotton, $ per Ib © ....
Print cloth, $ per yd., NSA©
Wool tops, $ per Ib., NSA©
Hides, $ per Ib., NSA©
Rosin, $ per 100 Ib ©
Rubber, $ per Ib.©
Tallow $ oer Ib ©
Producer Price Indexes:
Finished goods, 1982=1 00 § .
Percent change over 1 -month span§
Percent change over 6-month span AR §
Finished goods less foods and energy, 1982=1 00 §
Percent change over 1-month span§
Percent change over 6-month span AR §
i Finished cpnsumer goods, 1982=1 00 §
Percent change over 1 -month span §
Percent change over 6-month span AR §
Capital equipment 1982=1 00 §
Percent change over 1 -month span§
Percent change over 6-month span AR §
Intermediate materials, supplies, and components,
1982=100 §.
Percent change over 1 -month span§
Percent change over 6-month span AR §
Crude materials for further processing, 1982=1 00 §
Percent change over 1 -month span§
Percent change over 6-month span AR §
Fixed-weighted price index, gross domestic business
product, 1987=100.
Percent change from previous quarter AR . . .
Consumer Price Indexes for all urban consumers:
All items, 1982-84=100, NSA
Percent change over 1 -month span§
Percent chance over 6-month span AR §
All items less food and energy, 1982-84=100 §
Percent change over 1 -month span §
Percent change over 6-month span AR §
Services 1982-84=1 00 §
. ...
Percent change .from previous month, AR§
Percent change from previous month, AR, smoothed
(Lg,Lg,Lg)f§.
"123.70
"123.36
"122.66
121.60
"121.31
"12125
"120.30
"119.92
"-.43
"-.49
"-27
"-,60
"-.57
"-.66
"-.86
-.72
"-24
"-.69
"-.05
"-.59
"-.78
"-.56
-.32
"-.50
136.14
"139.41
"138.86
"138.08
"137.01
"136.25
"136.39
"136.68
"136.60
"134.47
"134.59
"134.54
"134.64
"135.52
135.54
173.5
132.1
"203.7
"128.3
"203.3
"128.8
"196.8
"128.1
"187.4
"184.0
"135.1
"161.4
"132.6
"155.5
"133.3
"157.1
"133.8
"164.1
"164.0
"136.1
168.7
138.1
"1100
74.8
"959
54.9
"923
"54.4
"926
52.1
"183.8
"162.5
"154.1
"1550
"182.0
"168.8
"179.0
"167.7
"182.6
"165.8
"177.3
"160.4
"1053
63.4
"1682
"1389
168.4
"985
61.5
"1656
"1067
75.2
"1852
"1601
"1282
"1127
76.3
"171.6
"135.4
"1622
"1282
"1136
75.3
"1812
"1524
"174.3
"131.0
"1086
74.5
"1422
"1672
"131.3
"139.4
1468
"1262
"1253
"732
301.2
1468
"1272
"1244
"73.4
1464
"1285
"1333
"66.0
1461
"1281
"131.7
298.6
293.9
1017
63.8
165.3
1475
170.1
142.5
1358
1287
1160
68.6
283.0
.848
156
96257
3.417
.601
.282
.698
.834
4.172
.847
"1069
81.5
"185.1
.823
.184
.859
.916
106.339
3.328
179
100.873
3292
181
99.902
3252
.700
288
.723
.801
.700
288
.736
.798
.652
.288
.822
.782
"177.0
"175.0
"1510
"1460
"173.5
"154.8
"170.8
"143.3
"58.7
1442
1281
"1316
"58.1
1405
1281
"1336
"67.5
1321
"1282
"1231
"75.5
292.4
294.7
2902
285.4
.889
.193
100200
3202
"11820
"-1.43
"-.60
-.75
"14310
"145.3
"1429
"1458
"1460
"165.6
"139.6
"160.9
"133.9
"166.8
"1299
"1292
"1059
"72.5
271.9
1329
1287
1325
1290
"114.9
"102.9
"79.0
"72.6
279.8
276.9
"1262
1278
"1293
"99.9
"67.0
271.7
"1342 i
"925
522 ,
I
-.40
"91.7
51.3
89.8
53.0
"152.1 i ! M55.6
<" 143.3
1461
"165.7
"163.5
"1232
M23.8
124 0
1259
155.6
1298
"948 \
"66.0
271.0
.886
.826
.846
.865
.863
.811
.817
.808
192
99.001
3.224
180
95286
3282
148
90292
3285
129
89.749
3.506
126
91.707
3.645
123
95.755
3.628
138
97.097
3.585
137
96.907
3.555
.620
288
.795
.810
.620
288
.809
.820
.620
288
.736
.832
.620
288
.678
.850
.598
284
.642
.855
.518
272
.639
.880
.505
272
.591
.880
.546
271
.563
.880
1371
154.9
124.7
1223
1299
129.7
"95.7
"66.9
269.2
265.6
.784
.141
98.319
3.545
91.9
72.5
.825
.149
90.326
3.677
.942
.915
.858
.620
288
.795
.810
4.312
.868
.958
.992
.965
.880
.772
.742
.752
.755
60226
59.140
59.062
58.766
58.997
61.538
59.701
60.362
61.350
61.856
61287
60.914
59.880
58.997
59.172
.457
.490
.483
.484
.492
.453
.449
.446
130
139
133
124
132
135
121
117
.427
.124
.431
.144
.437
.137
.457
.136
.469
.132
.460
.126
.435
.122
121.7
"122.1
"121.6
1212
"-.3
"-1.1
"1302
"2
"36
"121.4
"121.6
"122.2
"1222
"122.1
"2
_2
"-.1
121.7
-.3
"130.8
"131.7
"132.2
"2
22
".3
"26
".3
3
132.0
"2
28
"0
"2
"132.5
2
132.9
.3
"120.6
"120.0
"120.4
"120.1
"119.8
"120.2
"120.4
"120.9
"120.9
"120.7
"-8
"-29
1259
2
"37
".3
23
1202
"2
"-29
"1262
"0
1.8
2
10
131.3
2
"22
"2
"12
"130.6
"1212
-2
"1 3
131.1
2
"22
"121.8
"2
"-20
121.4
"-2
"1 0
130.8
"0
"23
"121.5
-.7
-1 5
129.9
2
"41
"2
"-2
"7
1267
".1
"14
"1142
-.2
"1 2
1268
.1
"1.8
.3
"2
"1 0
".4
"-.2
120.1
-.5
126.9
.1
"1.4
"127.1
5
"127.3
"2
"1.6
"2
1.9
2
"127.7
2
128.0
2
"113.8
"114.1
"114.3
"114.0
"114.1
"113.9
113.3
"2
-.4
".3
"-.3
M
-2
100.1
"1.7
-32
100.4
.3
"98.3
"-2.1
97.7
0
4.600
"-.3
T
5
131.0
.3
"128.5
120.5
-1
"121.6
.2
"40
4.600
122.4
"2
"-1 3
129.6
".9
"44
121.6
"0
"-28
1257
".9
"36
4.600
4.260
4.300
.2
"1246
"2
39
114.4
"116.8
"116.4
"115.8
-.5
"-25
1262
2
"3.4
114.5
"114.1
"114.0
-2
-.8
"-26
1112
-5.4
"-242
"-.3
"-60
1132
1.8
"-359
"-.5
"-63
"-1.1
"-4.4
"-.3
"-4.4
-.1
-2.9
"104.4
"100.7
"100.4
"100.9
"-7.8
"-264
"-3.5
"-20 3
"-.3
-231
133.8
3
134.6
4
135.0
.1
"38
29
"139.6
29
"140.5
"29
".7
"53
".6
"5.1
140.9
".3
5.0
"143.8
"144.4
"144.8
"9.7
"5.9
"5.1
"5.9
"3.4
"5.6
"-5
"-3
1267
1012
-1.0
1362
2
142.1
.4
146.4
4.6
4.6
138.6
.4
53
142.7
"4.3
"5.6
134.8
'1
NOTE.-The following current high values were reached before December 1990: November 1983-BCI-99
smoothed (2.09); February 1984-BCI-28 (2,260) and BCI-29 (158.5); 1st Q 1984-BCI-30 (79.9); 2d Q 1985BCI-87 (199.1); March 1986-BCI-77 (1.58); 3d Q 1986-BCI-89 (231.3); October 1986-BCI-99 change (3.37); December 1988-BCI-31 (98.6); March 1989-BCI-99 index (135.83); April 1989-BCI-23 (335.0); November 1989BCI-70 (705.14); February 1990-BCI-69 (484.43); August 1990-BCI-98 (142.13); September 1990-BCI-76 (126.4)
116.07
-24
119.46
-.51
-.65
_7
"1266
.3
1.6
4.525 ,
;
4270
3.962
8
3.852
3.670
3.738
"0
"1275
.593
.573
271
271
.567
.816
.552
.782
3.980
.710
3.888
.706
-.5
"-3
"-2
"2
".5
-99
"99.3
"-1.6
"-45
99.3
"0
"-6
"99.1
"-2
"-1 0
2
"-.5
"98.4
"-.7
-20
1352
2
135.6
"2
136.0
".3
1362
M
136.6
".3
1372
.4
137.4
"2
137.8
.4
137.9
"2
138.1
.1
22
"141.3
"25
"141.6
"30
"30
"142.4
"33
"31
2
"36
145.5
3.4
4.5
".3
3.7
"145.9
"146.5
"147.0
"3.3
"4.0
"5.0
'3.8
"42
"3.8
143.6
.4
3.8
147.6
"5.0
"3.9
"144.4
".3
"4.1
145.1
"2.5
"5.0
143.0
.4
4.0
31
"143.9
142.0
".3
39
-9
-.6
"2
3.8
.3
144.7
"2
145.1
.3
"148.1
"148.6
149.2
"4.1
"4.0
4.1
"4.1
149.7
4.1
4.3
and BCI-120 smoothed (6.6); and 3d Q 1990-BCI-86 (555.5) and BCI-88 (375.5).
See page C-6 for other footnotes.
"5.0
4.3
C-4 • February 1992
Series
no.
Series title and timing classification
SURVEY OF CURRENT BUSINESS
Year
1990
1991
Dec.
1991
Jan.
Mar.
Feb.
May
Apr.
| June
1992
July
| Aug. | Sept | Oct.
| Nov.
Jan. *
Dec.
8. PROFITS AND CASH FLOW
16 4
18*
22*
81 •
26*
35
Profits and profit margins:
Corporate profits after tax, bil.$, AR (L,L,L)
Corporate profits after tax, bil. 1987$, AR (L.L.L)
Ratio, corporate domestic profits after tax to corporate
domestic income, percent (L.L.L).
Ratio, corporate domestic profits after tax with IVA and
CCAdj to corporate domestic income, percent (U.L.L).
Ratio, implicit price deflator to unit labor cost, all
persons, nonfarm business sector, 1982*100 (L,L,L).
Corporate net cash flow, bil. 1987$, AR (L.L.L)
102.5
189.7
164.8
1827
157.8
'1896
' 163.4
44
46
'48
42
45
P43
102.5
102.4
1025
385.3
383.7
' 395.3
P 102.5
9. WAGES, LABOR COSTS, AND PRODUCTIVITY
Wages and compensation:
345
Index of average hourly compensation, all employees,
nonfarm business sector, 1982=100.
Percent change from previous quarter, AR
346
Index of real average hourly compensation, all
employees, nonfarm business sector, 1982=100.
Percent change from previous quarter AR
53*
Wages and salaries in mining, mfg., and construction,
bil. 1987$, AR(C,C,C)§.
Unit labor costs:
63
Index of unit labor cost, all persons, business sector,
1982=100 (Lg,Lg,Lg).
Index of labor cost per unit of output, mfg., 1 987=1 00 §
Percent change from previous month, AR§
624
Percent change from previous month, AR, smoothed
(Lg,Lg,Lg)t§.
Productivity:
370
Index of output per hour, all persons, business sector,
1982=100.
+
Percent change over 1 -quarter span AR
+
Percent change over 4-quarter span, AR
358
Index of output per hour all persons nonfarm business
sector, 1982=100.
143.4
141.6
144.1
'145.0
4.0
101.6
27
46
27
101.2
101.8
101.7
'2.6
'101.6
_2
607.2
623.3
613.4
-8
" 609.9
107.3
28.2
6.1
106.7
-6.5
7.0
107.0
3.4
7.1
132.0
107.0
.5
2.6
143.1
" 604.0
" 604.5
107.4
4.6
6.8
107.3
-1.1
5.5
24
607.5
"607.9
"607.8
106.9
-2.2
1.9
106.5
-4.4
0
r
1318
1310
-3
609.6
107.1
-22
3.8
608.0
"609.4
106.6
-3.3
-1.2
107.3
B2
-.3
"107.0
"-3.3
"-2
109.9
109.4
2
-1
19
11
'1.6
1079
'1.1
1084
1086
'1089
1084
'594.9
"107.7
"8.1
"1.0
'107.1
'-€(.5
'.7
"4,082.0
"3,423.8
'4,076.4
'3,400.2
'110.6
110.2
109.9
"603.9
'132.8
1323
106.9
4.6
-.5
'-6
600.2
10. PERSONAL INCOME AND CONSUMER ATTITUDES
52
51 •
58
83 •
122
123*
Personal income:
Personal income, bil. 1987$, AR (C,C,C)§
Personal income less transfer payments, bil. 1987$, AR
(C,C,C)§.
Indexes of consumer attitudes:
Consumer sentiment, U. of Michigan, 1966:1=100, NSA
(L.U)©1.
Consumer expectations, U. of Michigan, 1966:1=100,
NSAOJJ.)©1.
Consumer confidence, The Conference Board,
1985=100 (L,L,L).
Consumer expectations, The Conference Board,
1985=100 (L,L,L).
4,051.9
3,415.8
4,079.7
3,473.3
4,035.2
3,413.2
77.6
65.5
66.8
70.3
53.7
55.2
68.5
61.2
55.1
85.8
59.8
55.3
4028.1
3,405.2
4,057.3
3,418.3
"4,060.5
"3,412.6
"4,046.9
"3,401.7
4,048.6
3,420.7
4,040.5
3,411.0
4,055.0
3,422.6
4,065.3
3,431.5
4,047.8
3,412.4
4,055.3
3,416.2
70.4
87.7
81.8
78.3
82.1
82.9
82.0
83.0
78.3
69.1
68.2
67.5
62.0
84.5
74.7
71.5
75.9
74.4
75.3
76.4
70.5
61.9
61.5
59.1
59.4
81.1
79.4
76.4
78.0
77.7
76.1
72.9
60.1
52.7
52.5
50.2
63.6
100.7
99.7
95.5
100.9
100.3
96.8
95.4
79.5
69.7
72.6
68.7
".75
"23
"6272
"2,403.8
'1.37
'28
'635.3
'2,409.0
11. SAVING
290
295
292
298*
293*
Gross saving, bil.$, AR
Business saving bil $ AR
Personal saving bil $' AR §
Government surplus or deficit b'ii $ AR
Personal saving rate percent §
747.7
6604
"2126
-126.1
2212
52
713.9
663.4
"2288
-179.1
"5.4
51
'698.0
'663.1
"212.5
'-178.4
"228.6
5.0
5.4
12. MONEY, CREDIT, INTEREST RATES, AND STOCK PRICES
854
102*
105
106*
107
108
93
94
112*
113*
111
110*
14
39
Money:
Percent change in money supply M1 (L.L.L) §
Percent change in money supply M2 (L,C,U) §
Money supply M1 bil 1982$ (L L L) §
. . ..
Money supply M2, bil. 1982$ (L,L,L)§
Velocity of money:
Ratio gross domestic product to money suppy M1
(C]C,C)§.
Ratio, personal income to money supply M2 (C.Lg.C) §
Bank reserves:
Free reserves, mil.$, NSA (L,U,U)$
Member bank borrowings from the Federal Reserve,
mil.$, NSA (L,Lg,U).
Credit flows: \
Net change in'business loans, bil.$, AR (I_L,L)§
Net change in consumer installment credit, bil.$, AR
(L.L.L).
Percent change in business and consumer credit
outstanding, AR (L,L,L).
Funds raised by private nonfinancial borrowers in credit
markets, mil.$, AR (L.L.L) §.
Credit difficulties:
Current liabilities of business failures, mil.$, NSA
Percent of consumer installment loans delinquent 30
,/, days and over (L,L,L)Ot
.70
"28
".14
.27
609.2
"593.9
2,405.9 "2,395.7
".01
".12
591.8
"2,390.0
"1.21
".75
"598.1
"2,404.4
".72
".51
"601.6
"2,413.2
".96
".32
"605.1
"2,415.6
".63
".13
"613.7
"2,398.5
"1.02
".36
"618.6
"2,401.9
"1.19
".41
"623.8
"2,403.4
"1.426
"1.430
"1.428
"1.421
"1.433
'1.428
'771
'233
".33
"-.06
"609.5
"2,410.1
".76
".09
"611.9
"2,403.7
\" 1.424
"1.421
".75
".19
"607.9
"2,413.3
\
1.423
882
373
-38.63
-6.18
-5.6
"6.649 I"
"6.694
6.598
"1.437
"1.427
"1.416
1,361
1,662
1,590
326
534
252
-54.52
-15.72
2122
-25.67
-43.46
-2.41
-10.6
-3.8
-1.5
1.421
"6.591
"6.456
"1.415
"1.415
991
241
886
231
815
303
676
340
345
607
622
764
586
645
834
261
785
108
"788
61.40
-3.84
-111.38
14.15
-64.68
-15.97
-56.39
-20.38
5.11
-7.55
-128.06
-1025
-60.67
".53
"-39.58
"19.98
"23.35
"-2.04
"-70.40
'-20.66
-1.6
-4.2
-62
-8.4
-8.7
"289,924
"187,316
-13.2
-9.0
"-3.6
-1.1
192
'-42.04
'-6.4
'222,620
'
'4,676.5 '10,242.8 '11,9972 '7,317.7 '5,069.1 '12,248.0 '4,930.5 '4,734.1 '3,202.1 '5,963.0 '10,1262 '4,582.8
2.58
2.57
2.53
2.53
NOTE.-The following-current high values were reached before December 1990: January 1983-BCM02 (2.82);
May 19834BCM23 (124.3); July 1983-BCM4 (829.2); February 1984-BCI-39 (1.78); March 1984-BCI-58 (101.0)
and BCI-83>7.7); 1st Q 1984-BCI-22 (7.0); May 1984-BCI-93 (-2,380); June 1984-BCM11 (232); August
1984^BCI-94 (8JJ17); 4th Q 1984-BCI-107 (7.058); September 1985-BCI-113 (132.08); 3d Q 1985-BCI-81 (8.3);
4th Q 1985-BCM10 (978,568); 1st Q 1986-BCI-26 (105.1); December 1986-BCI-85 (2.50); May 1987-BCI-105
".06
"21
600.6
"2,413.2
2.67
2.65
2.65
2.73
2.79
2.79
2.74
2.58
2.62
2.58
'
(638.1); May 1988-BCM06 (2,473.4); October 1988-BCI-53 (671.2); 4th Q 1988-BCI-16 (226.0), BCI-18 (215.1),
and BCI-35 (460.4); February 1989-BCM22 (120.7); March 1990-BCM12 (131.06); and July 1990-BCI-51
(3,509.8) and BCI-52 (4,107.1).
See page C-6 for other footnotes.
SURVEY OF CURRENT BUSINESS
Series
no.
Series title and timing classification
Year
1990
1991
Dec.
February 1992 •
1992
1991
Jan.
| Apr. | May
Mar.
Feb.
C-5
June | July | Aug.
Sept
Oct.
Nov.
| Dec.
Jan. *
12. MONEY, CREDIT, INTEREST RATES, AND STOCK PRICES-Contmued
Outstanding debt:
Consumer installment credit outstanding, mil.$
66
72
101 4
95*
119*
1144
116*
1154
117
118
1094
194
(Lg,Lg,Lg)0.
Commercial and industrial loans outstanding, mil.$,
(Lg,Lg,Lg)§.
Commercial and industrial loans outstanding, mil. 1982$
(Lg,Lg,Lg)§.
Ratio, consumer installment credit outstanding to
personal income, percent (Lg,Lg,Lg) §.
Interest rates (percent, NSA):
Federal funds rate (L,Lg,Lg)
Discount rate on new 91 -day Treasury bills (C.Lg.Lg) ....
Yield on new high-grade corporate bonds (Lg,Lg,Lg)
Yield on long-term Treasury bonds (C.Lg.Lg)
Yield on municipal bonds, 20-bond average (U,Lg,Lg) ...
Secondary market yields on FHA mortgages (Lg,Lg,Lg)
Average prime rate charged by banks (Lg,Lg,Lg)
Index of stock prices, 500 common stocks, 1941-43=10,
NSA (L,L,L).
r
728,425
735,102
732,962
732,762
732,442
733,621
732,289
730,591
729,962
729,108 "729,152
449,457
466,949
468,717
465,095
470,212
460,930
455,540
450,841
451,267
440,595
385,665
393,386
393,880
396,839
404,657
397,353
391,021
387,320
388,688
379,170 "375,141 "371,341 "373,013 "369,560 ' 367,489
15.12
15.35
15.39
15.39
15.32
15.31
15.18
15.08
15.10
15.02
14.96
"14.95
"14.96
569
7.31
6.81
9.55
8.31
7.09
9.66
10.00
6.91
6.30
9.60
8.33
7.08
9.58
9.52
6.25
5.95
9.14
8.12
6.91
9.57
9.05
6.12
5.91
9.14
591
5.45
5.25
8.79
7.96
6.80
9.06
443
403
5.58
9.38
8.50
7.05
9.59
8.50
5.66
5.39
8.88
8.17
6.90
9.14
8.50
481
7.10
9.61
9.00
5.90
5.60
9.37
8.54
7.13
9.71
8.50
521
5.67
9.07
8.29
7.02
9.61
9.00
5.78
5.51
9.13
8.33
6.95
9.62
8.50
582
5.41
9.05
8.16
6.92
9.25
8.46
820
5.03
8.81
7.88
6.68
8.71
8.00
4.60
8.72
7.83
6.73
8.69
7.58
4.12
8.55
7.58
6.69
8.10
7.21
3.84
8.36
7.48
6.54
8.72
6.50
376.18
328.75
325.49
362.26
372.28
379.68
377.99
378.29
38023
389.40
387.20
386.88
385.92
388.51
416.08
' 7,722
"85.9
838
730,31 7 "730,147 ' 728,425
435,539 "432241 "434,187 "428,320 '424,817
' 14.77
13. NATIONAL DEFENSE
525
548
557
570
5644
Defense Department prime contract awards, mil$§
Manufacturers' new orders, defense products, mil.$
Index of industrial production, defense and space
equipment, 1987=100.
Employment, defense products industries, thous. §
Federal Government purchases, national defense bil $ AR
8202
6,844
95.8
19,434
7,683
94.4
13,411
7,922
94.5
11,480
6,692
93.9
6,041
7,790
92.5
14,379
9,531
91.5
10,276
8281
91.0
9355
9,385
90.0
10,201
10,804
89.8
* 16,848
5,517
89.1
8,306
"89.1
"5,153
"88.8
"9,770
"87.4
1,140
3235
1,192
1,187
1,173
3323
1,167
1,157
1,148
3284
1,137
1,128
1,127
3223
1,122
1,118
1,110
"311.0
'1,105
422774
33570
"2932
6,927
39894
"5,126
"5,480
34144
"2,903
7,069
41520
"5,077
"5,879
34974
"3,057
7,439
38764
"4,352
"5,464
35225
"3,261
7,555
41 176
"4,141
"5,860
34379
"3,154
7,258
40910
"4,381
"6,314
"104,018
"124,867
"-20,849
35345
"3229
7,609
42282
"3,958
"6,161
37111
"3291
7,656
43434
"4,041
"6,150
"36937
"3,478
7,996
"41 109
"3,736
"5,941
'108061
'126,723
'-18,662
36128
3,660
7,749
42,065
3,968
5,539
107.3
108.1
108.0
108.4
"108.4
"108.1
'111
"123.8
"118
'110
'100
'112.1
'97.4
96,834
91.0
14. EXPORTS AND IMPORTS
622
Exports excluding military aid shipments mil $
Exports of domestic agricultural products mil$§
Exports of nonelectrical machinery, mil.$ §
....
General imports mil $
Imports of petroleum and petroleum products, mil.$§
Imports of automobiles and parts, mil.$§
Merchandise exports adjusted excluding military mil$'l
Merchandise imports, adjusted, excluding
military mil $
Balance on merchandise trade, mil.$ 1
474
721 «
Industrial production indexes (1987=100):
United States
OECD European countries2
602
604
606
612
614
616
6184
6204
38,449
89,427
488055
50,154
68,941
416517
490103
-73,586
33599
"3,274
6,977
39103
"4,002
"5,398
"100549
"119,087
"-18,538
34030
"3042
6,947
38100
"4,000
"5,480
35632
"3042
7,732
40139
"4,195
"5,553
35270
"3058
7,440
40062
"4,303
"5,202
"103889
"119426
"-15,537
15. INTERNATIONAL COMPARISONS
7284
7254
726 4
7224
7274
7234
320
738
^
Federal Republic of Germany
France
United Kingdom
Italy
Canada
Consumer price indexes (1982-84=100):
United States, NSA
Percent chance over 6-month span AR §
Percent change over 6-month span, AR §
Federal Republic of Germany, NSA
Percent change over 6-month span, AR§
France, NSA
736
+
Percent change over 6-month span AR §
732
United Kingdom NSA . .
t
Percent change over 6-month span AR §
737
Italy, NSA
.'.
Z.7Z.7.7
Percent change over 6-month span AR §
733 ^
Canada, NSA
4
Percent change over 6-month span AR §
Stock price indexes (1967=100, NSA):
194
United States
7484
japan „.
Federal Republic of Germany
7454
735 •
1072
110
111
111
110
109
1242
123.8
116
106
125.8
119
110
125.7
118
109
123.0
118
107
123.3
118
110
118
7504
7584
7554
7564
7524
7574
7534
United Kinodom
itaiy
Canada
i. :z;zziiiT:™77'~z'"
Exchange rates:
Exchange value of U.S. dollar, index: March 1973=100,
NSA*.
Foreign currency per U.S. dollar (NSA):
japan (yen)
Federal Republic of Germany (d. mark)
France (franc)
United Kingdom pound)
Italy (lira)
Canada (dollar)
1066
1057
105.5
106.4
"110
126.0
117
110
112
111
109
110
111
122.8
121
110
126.6
119
"111
122.8
117
"111
123.7
117
109
123.9
117
"110
100
100
101
101
99
98
102
1105
"1095
"96.2
"1090
95.4
"1093
1042
96.3
"1059
97.0
"1112
"97.4
1072
"97.8
964
952
102
100
100
101
1050
97.4
1085
98.1
106.4
97.4
"107.6
'106.7
'122.6
'114
1362
133.8
134.6
29
134.8
136.0
136.2
137.8
137.9
"38
29
"29
22
"25
"30
"30
"33
"31
31
1150
"113.0
"115.3
"1.4
1152
5.1
136.6
"114.7
"2
"2.3
115.8 ' 116.8
5.9
6.0
137.4
136.9
"1145
"115.1
"116.4
"116.6
116.0
117.4
2.9
138.6
117.9
118.0
1372
"114.0
"2.3
1142
3.4
135.8
"114!8
113.3
2.1
134.9
"113.5
"2.9
114.3
2.1
135.7
"114.7
116.0
"113.8
"2.7
114.0
12
135.5
M38.9
"139.1
22
16
21
24
25
24
31
34
"35
"35
1569
1526
1530
1538
154.4
156.4
157.6
1572
1576
158.7
159.3
159.4
159.3
48
49
46
43
42
43
158.1
29
50
156.9
38
39
37
169.9
164.2
165.4
167.0
167.4
1682
168.8
169.7
169.9
170.4
171.1
173.8
1742
175.5
68
66
65
68
61
56
55
57
60
54
172.6
143.1
1381
141.7
141.7
1423
1423
1430
1437
1439
1437
1440
1434
1440
72
16
26
21
18
8
1434
66
1438
11
420.8
422.6
419.8
1,694.0
1,631.8 '1,525.3
313.2
'305.2
315.8
"809.7
856.9
861 7
1 2041 '1 1688 '1 1137
304.7
'293.4
'284.6
3903
396.9
3973
452.6
'1,502.7
'3225
'876.1
'1 1776
'311.5
406.3
5.1
4
7464
7424
7474
7434
1050
1071
135.0
135.2
'.7
114.7
5.0
136.3
135.6
136.6
137.2
3.5
2.8
116.8
6.0
137.7
117.0
"4.7
138.0
137.4
138.1
118.6
61
88
77
4092
1,6677
317.3
8142
1 142.5
319.3
3921
357.6
1 579.4
299.9
7194
9934
312.9
3680
354.1
1,542.4
280.5
694.7
9693
289.1
3698
394.1
1 696.8
300.8
740.0
10476
318.0
3912
405.0
1,7852
314.8
822.6
1 1379
336.5
3950
413.0
1,8032
3242
8201
1 1680
342.0
3920
4112
1,7762
327.9
840.7
1 1559
331.6
4007
411.5
1 712.1
339.3
810.1
1 1559
355.9
391.6
413.6
1,639.9
329.1
810.1
1 1680
335.2
400.0
423.6
1,5930
326.3
8326
1 1981
325.8
3975
421.2
1 6128
3302
871 7
1 9999
3152
3828
89.73
83.35
83.51
82.12
88.12
91.41
9229
95.18
95.19
93.47
91.18
90.69
87.98
85.65
86.09
130.54
133.70
1.5091
1.4805
5.1253
5.0398
.5169
.5091
1,134.38 1,111.19
1.1549
1 1560
137.39
1.6122
5.4862
.5490
1,201.96
1.1572
137.11
1.7027
5.7540
.5715
1,261.57
1.1535
138.22
1.7199
5.8282
.5801
1,275.67
1.1499
139.75
1.7828
6.0483
.6062
1,325.09
1.1439
137.83
1.7852
6.0596
.6056
1,329.55
1.1493
136.82
1.7435
5.9244
.5938
1,303.31
1.1452
134.30
1.6933
5.7621
.5792
1,26625
1.1370
130.77
1.6893
5.7583
.5803
1,26320
1.1279
129.63
1.6208
5.5391
.5619
1,221.04
1.1302
128.04
1.5630
5.3406
.5473
1,18221
1.1467
125.46
1.5788
5.3858
.5528
1,189.76
1.1571
"243.3
207.8
"242.4
"207.9
"243.6
"208.9
"244.6
"209.5
"245.8
"209.9
133.89
134.51
1.4982
1.6585
56388
5.0895
.5667
.5203
1,239.62 1,129.26
1 1603
1 1460
13
16. ALTERNATIVE COMPOSITE INDEXES
9904
9914
1967=10044
CIBCR long-leading composite index,
CIBCR short-leading composite index, 1967=100
240.8 1 "234.8
204.7 1 199.8
"233.6
"199.3
"235.7
"198.1
NOTE.-The following current high values were reached before December 1990: May 1984-BCM18 (15.01); June
1984-BCM15 (13.00), BCI-116 (14.49), and BCI-117 (10.67); August 1984-BCI-109 (13.00), BCI-114 (10.49), and
BCI-119 (11.64); September 1989-BCI-95 (16.07); March 1990-BCM01 (409,697); September 1990-BCI-72
2352
"199.0
"2382
"200.3
240.1
"203.1
241.8
204.8
(476,902); and November 1990-BCI-66 (736,411).
See page C-6 for other footnotes.
"245.3 1 '247.8
"207.8 1 '210.1
C-6 • February 1992
SURVEY OF CURRENT BUSINESS
FOOTNOTES FOR PAGES C-l THROUGH C~5
a
AR
c
©
e
Anticipated.
Annual rate,
Corrected.
Copyrighted,
Estimated.
Available data for later period(s) listed in notes.
NSA
p
r
4
§
o
Not seasonally adjusted.
Preliminary.
Revised.
Graph included for this series.
Major revision-see notes.
End of period.
L,C,Lg,U Cyclical indicator series are classified as L (leading), C (coincident), Lg (lagging), or U (unclassified) at reference cycle peaks, troughs, and overall. Series classifications
are shown in parentheses following the series titles,
t Cyclical indicator series denoted by $ are inverted (i.e., the sign is reversed) for cyclical analysis calculations, including classifications, contributions to composite indexes,
and current high values,
t Cyclical indicator series denoted by f are smoothed by an autoregressive-moving-average filter developed by Statistics Canada
For information on composite indexes and other concepts used in this section, see "Composite Indexes of Leading, Coincident, and Lagging Indicators" in the November 1987
SURVEY OF CURRENT BUSINESS and "Business Cycle Indicators: Revised Composite Indexes" in the January 1989 SURVEY.
References to series in this section use the prefix "BCI-" followed by the series number. Unless otherwise noted, series are seasonally adjusted.
Percent change data are centered within the spans: 1-month changes are placed in the ending month, 3-month changes are placed in the 3d month, 6-month changes are
placed in the 4th month, 1-quarter changes are placed in the ending quarter, and 4-quarter changes are placed in the 3d quarter.
Diffusion indexes are defined as the percent of components n'sing plus one-half of the percent of components unchanged. Diffusion index data are centered within the spans:
1-month indexes are placed in the ending month and 6-month indexes are placed in the 4th month.
High values reached by cyclical indicators since the last reference cycle trough (November 1982) are shown in boldface type; high values reached prior to the period shown in
L
the table are listed at the bottom of each page. For inverted series, low values are indicated as highs.
Sources for series in this section are shown on pages C-47 and C-48 in the October 1991 SURVEY.
Page C-1
NOTE.—Major data revisions:
New seasonal adjustments for series BCI-5, -20, and -101—see note for page C-2.
Manufacturers' new orders in 1982 dollars for consumer goods and materials (BCI-8) and the change
in manufacturers' unfilled orders for durable goods in 1982 dollars (BCI-92)—see note for page C-2.
Change in sensitive materials prices (BCI-99)—see note for page C-3.
Money supply M2 in 1982 dollars (BCI-106)-see note for page C-4.
Consumer Price Index for services (BCI-120)—see note for page C-3.
Series based on personal income (BCI-51, -62, and -95)—see note for page C-4.
* Preliminary February 1992 values: BCI-19 = 412.56 and BCI-109 « 6.50.
1. Data exclude Puerto Rico, which is included in figures published by the source agency.
2. Copyrighted. This series may not be reproduced without written permission from the University
of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, Ml 48106-1248.
3. Excludes BCI-57, for which data are not available.
4. Excludes BCI-77 and BCI-95, for which data are not available.
Page C-2
NOTE.—Major data revisions:
For the following series, new seasonal adjustment factors have been computed by the Bureau of
Economic Analysis and applied beginning with the month indicated: BC1-614 and BCI-616 (January
1985); BCI-5 (January 1989); BCI-604 (January 1990); BCI-9, -10, and -20 (August 1991); BCI-12, -13,
and -525 (October 1991); BCI-606, -735, -736, and -738 (December 1991); and BCI-72, -101, -112,
-570, -732, -733, and -737 (January 1992). For further information, contact the U.S. Department of
Commerce, Bureau of Economic Analysis, Business Outlook Division, Washington, DC 20230.
The insured unemployment rate (BCI-45) has been revised from 1980 forward by the source to reflect
a new seasonal adjustment. For further information, contact the U.S. Department of Labor, Employment
and Training Administration, Office of Administration Management, Washington, DC 20210.
Manufacturers' new orders in 1982 dollars for durable goods (BCI-7) and for consumer goods and
materials (BCI-8) and the change in manufacturers' unfilled orders for durable goods in 1982 dollars
(BCI-92) have been revised to incorporate revisions in the Producer Price Indexes used as deflatorssee note for page C-3. Periods covered by these revisions are as follows: BCI-8 from 1987 forward
and BCI-7 and BCI-92 from 1989 forward. For further information, contact the U.S. Department of
Commerce, Bureau of Economic Analysis, Business Outlook Division, Washington, DC 20230.
'Anticipated 1st quarter 1992 values: BCI-61 = 563.31 and BCI-100 = 525.23; anticipated 2d quarter
1992 values: BCI-61 = 580.52 and BCI-100 * 541.40.
1. Data exclude Puerto Rico, which is included in figures published by the source agency.
2. Copyrighted. This series may not be reproduced without written permission from McGraw-Hill
Information Systems, F.W. Dodge Division, 1221 Avenue of the Americas, New York, NY 10020.
Page C-3
NOTE.—Major data revisions:
New private housing units started (BCI-28) has been revised from 1989 forward by the source to
reflect a new seasonal adjustment. For further information, contact the U.S. Department of Commerce,
Bureau of the Census, Construction Statistics Division, Washington, DC 20233.
Producer Price Indexes and related series (BCI-98, -99, -331, -332, -333, -334, -336, and -337)
have been revised from 1987 forward by the source to reflect a new seasonal adjustment. For further
information, contact the U.S. Department of Labor, Bureau of Labor Statistics, Office of Prices and
Living Conditions, Division of Industrial Prices and Price Indexes, Washington, DC 20212 and the U.S.
Department of Commerce, Bureau of Economic Analysis, Business Outlook Division, Washington, DC
20230.
Seasonally adjusted Consumer Price Indexes (BCI-120, -323, and the percent change in BCI-320)
have been revised from 1987 forward by the source to reflect a new seasonal adjustment. For further
information, contact the U.S. Department of Labor, Bureau of Labor Statistics, Office of Prices and Living
Conditions, Division of Consumer Prices, Washington, DC 20212.
* Preliminary February 1992 value: BCI-23 = 262.7.
1. Copyrighted. This series may not be reproduced without written permission from Commodity
Research Bureau, Inc., 75 Wall Street, 22d Floor, New York, NY 10005.
Page C-4
NoTE.-Major data revisions:
Series based on personal income data (BCI-51, -52, -53, -62, -95, and -108) have been revised for
1959-86 to incorporate the recent revision of the national income and product accounts. Series BCI-53
also has been revised from 1987 forward to incorporate revisions in its CPI deflator—see note for page
C-3. Series on personal savings (BCI-292 and BCI-293) have been revised from 1959 forward to reflect
a definitional change. For further information, contact the U.S. Department of Commerce, Bureau of
Economic Analysis, National income and Wealth Division and Business Outlook Division, Washington,
DC 20230.
Money supply measures (BCI-85, -102, -105, -106, -107, and -108) have been revised from 1968
forward by the source to incorporate benchmark revisions and updated seasonal adjustment factors.
Series BCI-105 and BCI-106 also have been revised from 1987 forward to incorporate revisions in their
CP! deflator—see note for page C-3. Series BCI-108 also has been revised for 1959-86 to incorporate
the recent revision of the national income and product accounts—see note above. For further information, contact the Board of Governors of the Federal Reserve System, Division of Research and Statistics,
Banking Section, Washington, DC 20551 and the U.S. Department of Commerce, Bureau of Economic
Analysis, Business Outlook Division, Washington, DC 20230.
The series on funds raised by private nonfinandal borrowers in credit markets (BCI-110) has been
revised from 1952 forward by the source to incorporate benchmark revisions and new seasonal adjustment factors. For further information, contact the Board of Governors of the Federal Reserve System,
Division of Research and Statistics, Row of Funds Section, Washington, DC 20551.
New seasonal adjustment for series BCI-112—see note for page C-2.
* Preliminary February 1992 values: BCI-122 = 46.3, BCI-123 = 62.2, and BCI-85 = 2.21.
1. Copyrighted. This series may not be reproduced without written permission from the University
of Michigan, Survey Research Center, P.O. Box 1248, Ann Arbor, Ml 48106-1248.
Page C-5
NOTE.—Major data revisions:
Ratio, consumer installment credit outstanding to personal income (BCI-95)—see note for page C-4.
New seasonal adjustments for series BCI-72, -101, -525, -570, -604, -606, -614, -616, -732, -733,
-735,-736,-737, and-738)-see note for page C-2.
Consumer Price Index (percent change in BCI-320)-see note for page C-3.
* Preliminary February 1992 values: BCI-119 = 4.10, BCI-114 = 3.80, BCI-116 = 8.63, BCI-115 =
7.77, BCI-117 = 6.73, BCI-109 = 6.50, BCI-19 (1941-43=10) = 412.56, BCI-19 (1967=100) = 448.8,
BCI-748 = 1,470.1, BCI-745 = 333.0, BCI-746 = 910.0, BCI-742 = 1,201.3, BCI-747 = 315.1, BCl-743
= 406.2, BCI-750 = 87.60, BCI-758 = 127.11, BCI-755 = 1.6093, BCI-756 = 5.4798, BCI-752 = 0.5596,
BCI-757 = 1,209.50, and BCI-753 = 1.1822.
1. Balance of payments basis: Excludes transfers under military grants and Department of Defense
sales contracts (exports) and Department of Defense purchases (imports).
2. Organisation for Economic Co-operation and Development.
3. This index is the weighted-average exchange value of the U.S. dollar against the currencies of
the other G-10 countries plus Switzerland. Each country is weighted by its 1972-76 global trade. For a
description of this index, see the August 1978 Federal Reserve Bulletin (p. 700).
4. This index is compiled by the Center for International Business Cycle Research (CIBCR), Graduate
School of Business, Columbia University, New York, NY 10027.
SURVEY OF CURRENT BUSINESS
February 1992 • C-7
Composite Indexes
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P T
Nov. Mar.
P T
Jan. July July Nov.
PT P
T
index of 7 lagging i idicatcrs
coincident index 10 lagg ng i
1955 56 57 56 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
NOTE.—The numbers and arrows indicate length of leads (•) and lags (+) in months from business
cycle turning dates. Current data for these series are shown on page C-1.
C-8
SURVEY OF CURRENT BUSINESS
• February 1992
Composite Indexes: Rates of Change
Aug. Apr.
PT
Apr. Feb.
P T
Percent change over 3-month span, annual rate
Composite Indexes: Diffusion
950. Diffusion index of 11 leading indicator ci >mpon ints
Percent of components rising over 6-month span
Diffus on ind >x of 4 coincl lent i
Diffus on index of 7 lagging indicator co nponents
1955 5 6 5 7 5 8 5 9 6 0 6 1 6 2 6 3 6 4 6 5 6 6 6 7 6 8 6 9 7 0 7 1 7 2 7 3 7 4 7 5 7 6 7 7 7 8 7 9 8 0 8 1 8 2 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0 9 1 1 9 9 2
NOTE.—Current data for these series are shown on page C-1.
SURVEY OF CURRENT BUSINESS
February 1992 • C-9
Composite Indexes: Leading Index Components
Aug. Apr.
PT
Apr. Feb.
P T
Dec. Nov.
P T
Nov. Mar.
P T
Jan. July July Nov.
PT P T
or noi (supervisory
Average weekly hltlalc ms for unemployment Insurance Stal e prog rams f housands—inverted scale
Manufacturers'
idmalerlalsindustres(bil
32. \ 'endor performance^-slowi ir deliveries ffusio nnde) (percent)
orders for plant anc equip nent ii
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
NOTE.—Current data for these series are shown on page C-1.
C-10
•
February 1992
SURVEY OF CURRENT BUSINESS
Composite Indexes: Leading Index Components—Continued
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P T
Nov. Mar.
P
T
Jan. July July Nov.
PT P
T
in 1982 < ollars, durable gsocls
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
2. This is a copyrighted series used by permission; it may not be reproduced without written permission
from the University of Michigan, Survey Research Center.
NOTE.—Current data for these series are shown on page C-1.
J
SURVEY OF CURRENT BUSINESS
February 1992 • C-11
Composite Indexes: Coincident Index Components
Employees on ijonagr cultur I payr< ills (
Personal income tei s trans
1955 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 911992
NOTE.—Current data for these series are shown on page C-1.
C-12
February 1992
SURVEY OF CURRENT BUSINESS
Composite Indexes: Lagging Index Components
Aug. Apr.
P T
Apr. Feb.
P T
Dec. Nov.
P T
Nov. Mar.
P
T
Jan. July July Nov.
PT P
T
91 Average dur rtion o unem ployment (we eks—ii iverfee
July
P
Lg.LgLg
8121620-
adeirventoiiestoiialesir
1.81.71.61.51.4-
62. Change n indent of laporcosj peru itofojutput.ftianufacturln
ann.nrte, pei cent)
20100-1018-
109.
\verag e primi»rate c harge( I by ba iks (pe rcent)
15-
12963450-i
400350300250200150-
18-
pe rsonal incom s (perc ent)
16141210-
Pritelndexfor mt pes, sinoothed
1955 5 6 5 7 5 8 5 9 6 0 6 1 6 2 6 3 6 4 6 5 6 6 6 7 6 8 6 9 7 0 7 1 7 2 7 3 7 4 7 5 7 6 7 7 7 8 7 9 8 0 8 1 8 2 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0 9 1 1 9 9 2
1. This series is smoothed by an autoregressive-moving-average filter developed by Statistics Canada.
NOTE.—Current data for these series are shovm on page C-1.
20151050-
SURVEY OF CURRENT BUSINESS
February 1992
• C-13
Employment and Unemployment
Nov. Mar.
P
T
Dec. Nov.
P T
Jan. July July
P T
P
Nov.
T
. Averagu weekly svertime hours of product on or no isupervi sory wor rs, manufacturing (hours)
Help-wanted advertisi ig nnevrspapers (index
establishments (tan.rate, bil, hours)
Employe hou
Emitoyees on nonagiicultural payrolls goods-froduci
RMio, civil an empUyment tc populat on of we dang agu
43. Civilian ui
unemployment rate (percent—ir verted scale)
— fr-
1964 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 1992
NOTE.—Current data for these series are shown on page C-2.
C-14
* February 1992
SURVEY OF CURRENT BUSINESS
Output, Production, and Capacity Utilization
Jan. July July
P T
P
Dec. Nov.
P
T
Nov
T
jrossdcmestlcproductlr
Industrial production,
anufact ures (Ind jx: 1987: ;100)
In lustrlal productioi, durabl»manufa ctures (ii idex
75, Industrial production
82. Capacity utilisation rat;
f J,
I I 1 .1
I [ ! I I I I
,A .t y - f ?
I I
I I I I I I I
I I I
I 1 I
':lfl' I
I I 1V
i f t^ I I I I
I I I I I I I
I I I I I I I
I I I
I I I
I I I
l i t
1 1
1964 6 5 6 6 6 7 6 8 6 9 7 0 7 1 7 2 7 3 7 4 7 5 7 6 7 7 7 8 7 9 8 0 8 1 8 2 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0 9 1 1992
NOTE.—Current data for these series are shown on page C-2.
SURVEY OF CURRENT BUSINESS
February 1992
Sales and Orders
new (rders in 1982 dol! ars
Wages and Consumer Attitudes
1964 65
66 67
68
69 70 71
72 73 74
NOTE.—Current data for these series are shown on pages C-2 and C-4.
75 76 77 78 79 80 81
82 83 84 85 86 87 88
89 90 91 1992
• C-15
C-16
•
SURVEY OF CURRENT BUSINESS
February1992
Fixed Capital Investment
Dec. Nov.
P
Nov.
Mar.
P
T
T
Jan. July July
P T
P
Nov.
T
July
P
12. Net juslness formatk
160-1
14012010080-
13. Number of new b uslness ncorpon ttions (til jusands
7060504030-
20J
60-
27. Mai lufacture s' new < rders in 982 dollars,
nor defense capital g rods ind istries (I II. dol.)
504030-
20-
10-
9. Construe
t cts awar ded for c ammercl ri and im lustrial
100-
80-
40-1
1964 65 66 67 68
70 71 72 73 74 75 76 77 78 79 80 81 82 83 84
1. This is a copyrighted series used by permission; it may not be reproduced without written
permission from McGraw-Hill Information Systems Company, F.W. Dodge Division.
NOTE.—Current data for these series are shown on page C-2.
86 87 88 89 90 91 1992
SURVEY OF CURRENT BUSINESS
February 1992 • C-17
Fixed Capital Investment—Continued
Nov.
P
Dec. Nov.
P
T
Mar.
T
Jan. July July
PT
P
Nov.
T
July
P
100. New plai it and eq jipment sxpendit lies by t usiness
1987 dollars, Q (ann. rate, bil.dol.)
600500400300200-
69.
ren 'malachinery and equipment sales and
business construction expend! ures (am. rate, b I. dol.)
600500400300200-
business equipment (index: 1987=
Gross brivate nonresidential fixei
1964 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 1992
NOTE.—Current data for these series are shown on pages C-2 and C-3.
C-18 * February 1992
SURVEY OF CURRENT BUSINESS
Fixed Capital Investment—Continued
Nov. Mar.
Dec. Nov.
P T
P
T
Jan. July July
F T P
Nov.
T
28. h ew priva te housii g uni
Inventories and Inventory Investment
Change in business invert sues in
1964 65
66 67
68 69 70
71 72
73 74
NOTE.—Current data lor these series are shown on page C-3.
75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90
91 1992
SURVEY OF CURRENT BUSINESS
February 1992 • C-19
Prices and Profits
23, Spot market prloss,
Corpora te profit* after m in curre it dollars, Q (ann
d >rporate < lomestie profits a Her tax t > corpon ite domestic
corporate domestic profits utter tax 'With
domestic incoi w, Q (percent)
.implicifice
r to unit labor cost. n( nfarm business
,Q (index: 1982=100)
1964 6 5 6 6 6 7 6 8 6 9 7 0
7 1 7 2 7 3 7 4 7 5 7 6 7 7 7 8 7 9 8 0 8 1 8 2 8 3 8 4 8 5 8 6 8 7 8 8
IVA Inventory valuation adjustment. CCAdj Capital consumption adjustment.
1. From June 1981 forward, this is a copyrighted series used by permission; it may not be
reproduced without written permission from Commodity Research Bureau, Inc.
NOTE.—Current data for these series are shown on pages C-3 and C-4.
90 91 1992
C-20 •
SURVEY OF CURRENT BUSINESS
February 1992
Money, Credit, and Interest Rates
Dec. Nov.
P T
Nov. Mar.
P
T
Jan. July July Nov.
PT
P
T
1964 6 5 6 6 6 7 6 8 6 9 7 0 7 1 7 2 7 3 7 4 7 5 7 6 7 7 7 8 7 9 8 0 8 1 8 2 8 3 8 4 8 5
NOTE.—Current data (or these series are shown on page C-4.
87
88 89 90
91 1992
SURVEY OF CURRENT BUSINESS
February 1992
• C-21
Money, Credit, and Interest Rates—Continued
Dec. Nov.
P
T
field on new issu is of nig
Alternative Composite Indexes
240220200-
990. CIBCR long-leading composite inde::(1967=1
180160140220200180160140-
991. CIBCR short-leading composite index (1967=100)
120
100J
1964 65
66 67 68
69 70
71 72 73 74 75 76 77
CIBCR Center for International Business Cycle Research (Columbia University).
NOTE.—Current data for these series are shown on page C-5.
78 79 80 81 82 83 84 85
86 87 88 89 90 91 1992
C-22
SURVEY OF CURRENT BUSINESS
• February 1992
Prices
Other Measures
Jan.July July Nov.
PT
P
T
July
P
Jan. July July Nov.
P T
P
T
July
P
Percent change at annual rate
3ti1c. Fixec -weighted price i dex, groks
domestic bus ness prc duct (HI spin)
10-
20100-
8642-
Consumer Prict Indexes for all urban consium
320c. Ml items
323c. All il ems less food and en gy
Producer Price Indexes-336c. Fir ished gc pds
3:
20
10
0
40-
Government su plus or qeficit, Q
-40-
20-
-80-
100-
-120-160-
-20020100-
10
-10-"
5-
337c. Finished goods less foods and ei ierg]'
20-1
100-
334o. Finish* d consumer gooe s
20100-
0-5-
564-federal Government pu chases or natioial
defen^, Q (an i. rate, b I. dol.)
332c. Intermediale materi Is, supp ies, and comwnents
331 c. C raw mal erials foi
400 -i
350-
300-
-10-
333c. Ciapital eqi lipment
0-
250-
20100-10-1
200150-
20100-10-
650550450350
40-1
30-
20-
250
100-
-10-
-20-
excluding military
-30-I
1980 81
8 2 8 3 8 4 8 5 8 6 8 7 8 8 8 9 9 0 91 1992
NOTE.—Current data for these series are shown on pages C-3, C-4, and C-5.
1980 81
82 83 84 85
86
bil. dol.)
87
88 89 90
91 1992
150
SURVEY OF CURRENT BUSINESS
International Industrial Production
JanJuly July Nov.
P T
P
T
February 1992 *
C-23
International Consumer Prices
Jan. July July
P T
P
July
P
Nov.
T
Percent change over 6-month span, annual rate
s
<a
Federal Republic of Germany
725J Federal Republic pf Germany
1980 81
82 83 84 85
86 87 88
89 90 91 1992
NOTE.—Current data for these series are shown on page C-5.
1980 81
82 83
84 85
86 87 88 89 90 91 1992
C-24
SURVEY OF CURRENT BUSINESS
* February 1992
International Stock Prices
International Exchange Rates
Jan. July July
P T
P
Index: 1967=100
Nov.
T
750. Wi sighted-a verage exchange
(irdex: March 1973=100)
Forel jn currency per U.S. dollar-
Federal Republic ol
Germany (I. mark)
745. Federal Republic of Germs ny
France (franc)
752. United Kingdom
„
-AT^
753. Canada (dollar)
1980 81
82 83
84 85
86 87
88 89
NOTE.—Current data for these series are shown on page C-5.
90 91 1992
1980 81
82 83
84 85
86 87
88
89 90
91 1992
SURVEY OF CURRENT BUSINESS
February 1992
S-l
CURRENT BUSINESS STATISTICS
Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources
are provided through the courtesy of the compilers and are subject to their copyrights.
Current data for the series shown in the S-pages are available on diskette on a subscription basis or from the Commerce
Department's Economic Bulletin Board. Historical data, data sources, and methodological notes for each series are published
in BUSINESS STATISTICS, 1961-88. For more information, write to Business Statistics Branch, Business Outlook Division
(BE-52), Bureau of Economic Analysis, U.S. Department of Commerce, Washington, DC 20230.
NOTE.—This section of the SURVEY is prepared by the Business Statistics Branch.
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown in
BUSINESS STATISTICS, 1961-88
1990
Annual
1989
1990
1992
1991
Jan. | Feb.
Dec.
Mar. | Apr.
May |
June
July | Aug.
Sept.
Oct. | Nov.
Dec.
Jan.
1. GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE t
[Billions of dollars]
Seasonally adjusted, at annual rates:
Total personal income
Wage and salary disbursements, total
Commodity-producing industries total
Manufacturing
Distributive industries
Service industries
Government
Other labor income
Proprietors' income: ±
Farm
Nonfarm
Rental income of persons with capital consumption
adjustment
Personal dividend income
Personal interest income
Transfer payments to persons
Less: Personal contributions for social insurance ...
Total nonfarm income
43802
2,585.8
723.8
5140
47896
2,796.8
746.3
5593
643.0
879.8
5277
274.0
2810
425
330.7
454
3272
721.3
684.9
224.3
4,6145
-10.1
128.0
738.1
712.0
228.9
4,721.1
43802 46798
591.7
6210
37886 40588
'3622.4 '3,8531
3,517.9 3,742.6
459.8
465.9
1,217.7
1,146.9
1,911.2 2,059.0
1075
101 6
4 789.6
629.7
41599
'3,926.8
3,815.8
445.9
1,245.2
2,124.7
108.1
5421
607.5
775.9
4786
2537
41 4
3055
-79
119.8
669.0
624.4
211.7
4316.6
46798
2,738.9
745.4
5558
634.6
845.0
-129
1248
r
~-
2,771 .7
737.7
5530
634.0
866.7
5333
282.6
47612
2,767.6
734.1
47814
2,773.4
728.5
5458
636.1
870.8
47920
48255
2799.5
735.8
5524
641.7
881.5
5405
288.6
48458
2,822.8
7387
5558
648.3
893.7
5420
289.9
48331
2,808.1
739.4
5577
639.3
886.3
48542
5361
5381
284.2
285.8
731.0
5488
635.8
873.7
5388
287.2
291.3
743.3
5607
644.3
894.5
541 5
292.7
274
329.7
292
332.2
41 8
332.2
394
336.2
434
340.8
360
344.3
320
347.9
31 0
350.3
-12.1
128.6
734.6
733.9
-12.3
129.5
729.8
-11.3
127.8
726.0
-11.7
-11.6
127.2
127.5
721.7
723.8
746.5 ^^752.6
-11.6
127.6
719.8
755.5
-12.9
128.3
718.1
758.7
-14.2
128.6
716.6
765.0
235.3
4,708.7
4,716.2
4,786.2
4,777.3
4,799.3
4,710.9
5491
635.4
862.1
5431
2351
4,729.1
4,758.5
48728 '48848 '48806 '4931.1
744.4
561 6
648.3
902.3
5408
294.2
747.5
5664
640.5
899.8
'5423
295.6
'739.4
'5610
'644.6
'906.7
'544.2
297.0
'7452
'565.3
'646.1
'916.5
'546.0
298.3
4,928.4
2,839.2
734.9
5563
640.9
912.4
551.0
299.7
330
353.3
424
'354.1
271
'355.6
'38.8
'359.4
362.2
'-11.9
'-9.8
129.4
129.5
'707.4
'710.2
JQ&2
240.0
241.3
^2308
4,815.7 '4,818.3 '4,829.3 '4,868.0
4,877'.1
'4,931.1
'620.2
'4,310.9
'4,071.7
'3,962.0
'444.3
'1,257.8
'2,260.0
'106.7
4,928.4
621.9
4,306.5
4,078.1
3,968.4
440.1
1,262.1
2,266.3
106.7
3.0
228.4
-15.5
129.1
715.5
767.4
'-19.2
129.3
'712.7
27.0
-7.4
129.1
704.9
DISPOSITION OF PERSONAL INCOME t
[Billions of dollars, unless otherwise indicated]
Seasonally adjusted, at annual rates:
Total personal income
Less* Personal tax and nontax payments
Equals' Disposable personal income
Less' Personal outlays
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Interest paid by persons
Personal transfer payments to rest of the world
(net)
Equals' personal saving
Personal saving as percentage of disposable
personal income §
Disposable personal income in constant (1987)
dollars
Personal consumption expenditures in constant
(1987) dollars
Durable goods
Nondurable goods
Services
Implicit price deflator for personal consumption
expenditures, 1987-100
4,761.2 4,781 .4 4,792.0 4,825.5 4,845.8 4,833.1 4,854.2 4,872.8
4,761.5
615.2
618.1
621.7
613.4
612.7
616.1
613.2
615.0
612.0
4,230.8 4,221.1 4,239.0 4,254.7
4,1398 4,145.1 4,168.0 4,179.3 4,212.3
'3,903.1 '3,938.0 '3,974.0 '3,952.3 '3,983.7 '4,000.1 '4,017.6 '4,020.0 '4,039.5
3,890.2 3,908.0 3,910.7 3,930.6
3,792.4 3,827.5 3,863.3 3,841.7 3,873.5
449.0
456.0
448.6
453.8
425.4
438.2
458.6
434.0
437.3
1,258.5 1,251.7
1,255.8 1,262.0
1,249.5
1,249.9 1,243.8 1,259.1
1,239.5
2,177.1
2,185.9 2,192.2 2,203.3 2,222.8
2,127.5 2,139.8 2,154.7 2,163.9
106.4
106.0
107.4
106.8
107.6
107.5
107.1
106.6
107.6
'4,884.8
618.1
'4,266.6
'4,031.0
'3,922.1
'449.4
'1,248.3
'2,224.4
'105.9
'4,880.6
'617.2
'4,263.4
'4,052.5
'3,943.3
'447.0
'1,254.2
'2,242.1
'106.2
'3.1
'3.1
'3.1
'3.1
'3.1
'3.1
'2.9
'2.9
'2.9
'3.0
'3.0
'3.0
'1661
'2058
'233.1
'236.8
'207.0
'194.1
'227.1
'228.6
'230.7
'203.5
'218.9
'215.2
'235.6
'210.9
'239.2
4.4
5.1
5.5
'5.4
5.1
5.0
5.2
'5.4
'5.2
'5.1
5.0
'5.2
5.2
'5.3
5.3
35383
3544.1
3,506.8
3,528.1
3,524.1
3,549.7
3,535.5
3,541.4
3,543.1
'2.9
3471 2
'2.9
'2.9
3 509.6
3,538.5
'3,546.6 '3,534.6 '3,567.9
3,561.8
3,273.2 '3,260.2 '3,269.2
'411.1
'413.4
420.1
1,039.6 '1,036.8 '1,037.3
1,813.4 '1,810.1 '1,820.8
'3,279.2
'411.2
'1,039.1
'1,828.8
3,282.2
405.8
1,044.9
1,831.6
32231
440.8
1 0493
1,732.9
32626
438.9
1 0508
1,773.0
3 250.9
419.3
1,040.9
1,790.8
3215.0
397.8
1 ,035.4
1,781.7
3,238.1
407.6
1 ,045.6
1,784.9
3,270.1
427.0
1,050.8
1,792.4
3,239.4
403.2
1,041.5
1,794.7
3,253.9
406.2
1,051.2
1,796.5
3,263.9
417.4
1,045.9
1,800.6
3,273.3
419.6
1,052.5
1,801.2
3,267.1
415.0
1,046.2
1,805.9
109.1
114.7
117.4
118.0
118.2
118.1
118.6
119.0
119.2
119.4
119.7
120.1
120.3
120.6
'120.8
120.9
108.1
109.2
105.3
105.1
106.1
104.2
104.4
104.7
109.2
106.6
110.4
111.4
'109.8
'107.5
'105.4
"105.0
100.5
107.0
108.9
110.9
104.7
116.6
104.4
105.6
102.8
103.1
129.5
103.1
104.5
101.2
105.0
120.7
104.9
106.1
103.4
102.3
109.6
103.9
104.9
102.5
100.2
100.0
105.2
106.1
104.1
98.5
97.9
1064
102.6
108.0
109.9
111.6
107.8
105.8
106.4
105.2
100.9
106.8
110.3
109.6
111.1
110.4
107.1
105.1
109.7
100.6
109.7
111.4
108.8
114.8
100.6
105.7
113.0
110.8
115.7
'101.4
'97.5
'111.7
'110.4
113.5
101.7
'105.6
108.2
'107.7
'108.8
'99.0
'116.7
'105.0
'104.6
'105.5
"98.9
"129.8
"103.4
"103.1
"103.8
108.1
109.2
107.2
106.6
105.7
105.0
105.5
106.4
107.3
108.1
108.0
108.4
'108.4
'108.1
'107.6
"106.7
107.8
109.1
105.6
106.9
108.3
104.7
106.5
108.1
104.7
106.9
108.7
105.5
107.7
109.3
106.6
108.6
110.1
108.0
108.7
110.2
108.3
108.5
109.8
108.4
108.9
110.4
109.4
'109.0
110.6
109.7
'109.0
'110.6
'110.0
'108.8
'110.2
'109.7
"107.8
"109.2
"108.9
INDUSTRIAL PRODUCTION 0
[1987=100]
Not seasonally adjusted:
Total index
By industry groups:
Mining
Utilities
. .
Manufacturing
Durable
Nondurable
Seasonally adjusted:
Total index
....
By market groups:
Products, total
Final products
Consumer ooods
See footnotes at end of tables.
...:...
108.6
110.1
108.4
1091
1108
1092
106.7
107.3
105.7
98.0
;
SURVEY OF CURRENT BUSINESS
S-2 • February 1992
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as
shown in BUSINESS STATISTICS, 1951-88
Annual
1989
|
1990
1990
Dec.
1992
1991
Jan. |
Feb. |
Mar. |
Apr. |
May |
June |
July |
Aug. |
Sept.Oct. !
Nov. I Dec.
Jan.
1. GENERAL BUSINESS INDICATORS-Continued
INDUSTRIAL PRODUCTION 0-Continued
[1987=100]
Seasonally adjusted-Continued
By market groups—Continued
Final products—Continued
Consumer goods—Continued
Durable
Automotive products
Autos and trucks
Other durable goods
Nondurable .
Foods and tobacco
Clothing
Chemical products
Paper products
Energy products
Equipment, total
Business equipment
Information processing and related
Office and computing machines .
Industrial
Transit
Autos and trucks
Defense and space equipment
Oil and gas well drilling
Manufactured homes
Intermediate products
Construction supplies
Business supplies
Materials
Durable
Nondurable
Energy
By industry groups:
Mining
,
Metal mining
Coal
Oil and gas extraction #
Crude oil
Natural gas
Stone and earth minerals
Utilities
,
Electric
Gas
Manufacturing
Durable
Lumber and products
Furniture and fixtures
Clay, glass, and stone products
Primary metals
Iron and steel
,
Nonferrous
Fabricated metal products
. . .
Nonelectrical machinery
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments
Nondurable
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products
Printing and publishing
Chemicals and products
Petroleum products
Rubber and plastics products
Leather and products
1079
1069
105.7
1088
1064
1042
101 6
1095
1143
106.7
1123
119.1
121.7
137.2
113.8
1238
1039
97.4
93.7
923
1068
1061
107.3
107.4
111 6
1053
101 3
1061
1022
97.2
1093
1076
1059
957
1132
119.6
105.9
115.5
123.0
127.2
149.6
115.2
1300
967
97.3
109.3
906
1077
1052
109.4
107.8
111 8
106.0
1021
960
86.7
74.6
1034
1084
107.5
921
1135
122.7
106.6
113.6
121.2
127.5
148.9
112.3
1234
75.3
95.8
107.3
834
1060
1010
109.4
105.3
1075
1049
1020
976
906
796
1032
1078
1063
906
1147
1221
106.5
1136
121.6
130.1
155.0
111.5
1240
798
94.4
106.4
831
1038
977
108.1
104.8
1068
104.9
101 1
952
881
74.7
1007
1073
1059
908
1148
121 0
105.2
1129
120.6
131.6
157.3
109.1
1203
750
94.5
108.2
773
1026
964
106.8
103.9
1055
103.6
101 1
959
889
76.7
1014
1071
1054
904
1142
1222
105.5
112.5
120.3
131.2
155.1
109.5
1204
767
93.9
107.7
793
101 3
94.0
106.4
102.6
1033
102.8
101 3
993
942
850
1034
1072
1053
906
1150
1227
104.4
1128
121.3
131.5
155.6
109.3
1241
844
92.5
105.1
831
1012
949
105.6
103.4
1049
103.1
101 1
101 1
974
89.2
104 1
1081
1062
920
1139
1218
109.0
112.7
121.7
131.8
155.6
109.3
1259
879
91.5
101.3
866
1027
958
107.5
104.5
1062
103.7
1024
1042
1004
92.5
1073
1090
106.9
939
1143
123.3
110.0
112.8
121.9
130.9
154.0
109.1
1280
908
91.0
103.0
908
1040
974
108.5
105.4
1067
104.9
1034
1055
1023
98.1
1081
1090
106.9
943
1154
122.1
109.4
112.8
122.5
131.1
156.0
109.0
1312
96.6
90.0
97.8
865
1040
96.9
109.0
107.0
108.2
108.1
1041
1040
986
90.2
1083
1096
107.1
948
1174
122.6
109.5
111.6
121.3
130.3
153.1
108.6
1267
86.2
89.8
86.7
903
1044
96.7
109.7
107.2
1091
107.8
1033
1077
106.5
103.0
1087
1098
107.8
952
1173
124.8
106.7
111.8
122.2
130.3
152.2
108.2
1327
99.3
89.1
80.1
862
1043
965
109.7
107.5
1093
108.3
1036
1075
106.7
105.1
'1081
1103
r
107.8
963
r
1170
r
125.6
r
108.5
'111.9
r
122.3
M31.7
'156.0
r
106.8
1331
101.1
'89.1
79.0
863
r
1041
'95.4
'110.1
r
107.4
' 108.8
' 109.6
" 103.1
r
1060
r
103.6
99.0
r
108.0
r
111.0
r
108.1
r
965
r
117.7
r
126.0
r
112.0
'111.4
'121.7
'133.5
'158.5
r
104.1
r
130.5
96.5
'88.8
78.1
87.0
r
104.1
'95.8
r
109.9
106.6
r
108.6
r
107.6
T
102.1
1052
'101.5
96.7
'108.0
'111.0
'108.2
'968
'1187
'126.1
'109.2
110.9
'121.7
133.9
'159.3
'103.1
'129.9
96.1
'87.4
75.8
'87.9
'104.2
'95.6
'110.1
'105.8
'108.2
'107.6
'100.2
'101.8
'94.2
'84.3
' 107.8
' 11 0.9
* 108.4
'96.5
* 11 8.0
' 126.3
P 108.8
P 109.5
* 120.3
P 133.9
'160.4
P 102.2
P 124.1
'84.9
'85.9
'71.8
'89.5
'103,5
'95.3
'109.2
'104.9
'107.0
'106.3
'100.0
100.5
141 4
105.7
95.5
91 4
1027
113.9
107.0
1081
103.0
1089
1109
103.1
1053
108.0
1092
109.3
1090
107.2
121.8
1095
1072
104.9
116.4
1064
105.5
996
101.9
1043
1032
1085
108.5
106.1
108.9
103.7
102.5
1528
113.4
95.5
87.5
1046
119.3
108.0
1108
97.7
109.9
111.6
101.1
105.9
105.8
1082
109.7
1061
105.8
126.5
1114
105.5
96.8
116.9
107.8
107.6
987
100.7
98.8
105.4
1120
110.1
108.3
110.2
99.9
103.4
1620
110.6
96.7
905
1034
118.9
108.8
111 8
97.6
107.5
1075
93.5
102.0
100.7
1042
107.3
998
101.9
124.7
1087
96.6
78.5
117.3
1074
109.1
101 1
96.1
94.9
105.4
1128
109.9
105.6
106.9
92.6
101.7
1431
108.4
96.0
899
1018
119.2
107.6
1104
97.5
107.0
107.2
94.2
99.0
97.2
99.7
99.0
100.6
101.7
125.5
107.6
97.6
83.0
119.0
106.8
108.3
1000
94.0
92.9
104.2
112.1
110.1
104.7
108.8
89.6
102.9
1480
112.8
97.2
890
1064
112.0
104.6
1078
92.8
106.1
106.1
91.5
94.9
98.9
995
98.0
101 6
99.1
124.5
108.2
95.5
79.4
119.3
106.0
107.6
1001
94.3
93.1
102.2
110.9
109.1
108.8
106.1
90.8
101.5
1476
109.9
96.4
884
1049
108.0
106.4
1098
93.6
105.2
1050
91.2
95.4
94.4
947
92.0
984
97.8
123.1
1086
95.0
79.8
118.4
105.4
107.4
982
95.4
92.5
101.3
110.4
108.2
108.5
104.4
91.5
100.9
1457
105.9
96.6
88.7
1063
107.0
105.9
1098
91.6
105.9
106.0
92.7
98.3
94.2
94.5
91.6
98.5
98.0
123.5
109.7
97.2
86.2
118.6
105.9
107.6
97.6
97.2
93.2
101.3
110.7
109.0
105.7
106.6
90.0
100.2
1480
103.4
96.0
87.6
1075
107.5
111.4
116.4
92.8
106.6
106.7
92.5
98.5
95.1
96.9
94.0
101.0
99.1
123.6
110.6
98.2
89.8
118.2
106.5
107.8
98.7
99.2
95.2
101.3
110.6
109.2
107.5
109.2
89.5
102.1
1570
110.2
96.9
87.6
1101
106.4
111.5
117.1
90.7
107.5
107.3
96.7
99.4
95.0
96.4
92.9
101.5
99.8
123.4
111.5
99.7
92.5
117.3
107.6
108.6
99.4
101.7
96.2
105.3
111.2
109.6
109.6
110.5
90.9
102.7
153.0
116.0
96.4
88.3
1090
107.8
110.9
116.6
89.7
108.3
108.1
94.8
100.5
95.8
101.2
99 5
103.5
100.9
123.9
111.0
101.3
96.7
116.5
108.6
108.3
102.6
104.2
97.8
108.1
111.9
111.5
108.3
110.1
91.0
101.3
1555
110.8
95.7
88.7
1088
107.0
110.7
115.6
92.4
108.4
107.8
95.3
101.3
95.5
102.6
100.6
105.5
101.4
123.3
111.5
99.0
91.6
116.9
109.0
108.7
103.1
104.7
98.3
106.5
112.3
112.3
107.3
112.6
87.1
101.4
1531
110.1
96.0
88.8
1125
107.3
109.7
' 113.4
95.8
108.9
108.4
95.2
101.2
94.4
102.3"
100.8
104.4
101.9
123.1
111.0
102.2
99.5
118.1
109.6
109.5
102.7
103.2
98.1
108.0
113.3
112.6
108.6
113.8
85.8
r
100.7
r
'99.3
148.4
108.4
"93.9
'87.4
108.6
' 105.9
'111.0
r
112.7
' 104.8
108.6
107.7
'96.2
'99.9
92.8
103.5
105.6
100.5
"101.8
'122.9
'110.7
99.7
'95.9
'118.5
'109.7
110.0
'100.5
'104.4
'98.8
'106.1
'114.3
'113.0
'106.7
'112.6
'84.3
'97.8
'147.2
'107.6
'91.7
86.3
104.9
'108.4
'108.1
'109.9
'101.7
'108.5
'107.2
'96.4
'101.2
'91.9
'103.1
'104.8
'100.7
M01.3
'122.1
'110.5
'97.9
'94.7
'118.9
'110.1
110.0
'100.9
'104.7
'98.9
'107.2
'115.0
'113.7
'107.2
112.7
'83.7
'97.6
'145.1
P 110.4
'91.1
491,129
527915
234,548 233,215
117648 117,432
116900 115783
r
147 717 151 092
r
50 767 53235
r
96,950 97,857
144,723 143,608
69094
69022
75,629
74,586
532,805
523 117
228,715
114,487
114228
151 467
53725
97,742
142,935
69280
73,655
531,115
530 872
234,886
119,721
115,165
150967
53,490
97,477
145,019
68945
76,074
551,778
535 926
238,289
121,024
117,265
152710
54,074
98,636
144,927
68,564
76,363
551,353
536977
239,118
122,240
116,878
152642
54,212
98,430
145,217
69347
75,870
520,634
541 023
240,193
122,994
117,199
153195
54117
99,078
147,635
70618
77,017
550,380
539 578
241,894
124,459
117,435
152,160
53.390
98,770
145,524
69902
75,622
550,077
540898
242,240
124,965
117,275
152658
54,619
98,039
146,000
71 070
74,930
563,691
542 982
245,134
126,404
118,730
152483
54657
97,826
145,365
70222
75,143
4604
2131
1237
123.7
4687
2193
1232
126.2
4726
2220
1242
126.5
4739
2228
1241
127.1
4782
2237
1247
129.8
4764
2245
1237
128.2
146.5
107.9
96.0
r
88.9
r
1124
'105.9
r
109.4
112.2
'98.9
r
109.0
r
108.2
'93.8
r
100.5
'94.4
102.6
102.4
'r 102.9
101.9
'123.5
r
109.8
102.4
100.4
118.2
'110.1
r
109.4
102.2
'105.5
98.7
r
109.0
r
114.4
'113.5
r
106.0
113.2
83.9
r
BUSINESS SALES
[Millions of dollars; constant (1982) dollar series
in billions of dollars]
Manufacturing and trade sales (unadj.), total
Manufacturing and trade sales (seas adi ) total
Manufacturing total
Durable goods industries
Nondurable goods industries
Retail trade total
Durable goods stores
Nondurable goods stores
Merchant wholesalers total
Durable goods establishments
Nondurable goods establishments
Manufacturing and trade sales in constant (1982)
dollars (seas, adj ), total
Manufacturing
Retail trade
Merchant wholesalers
See footnotes at end of tables.
6,310,071
6 310 071
2 840,264
1 494 388
1 345 876
1
1 741 748
652184
1 089 564
1
1 728 059
842 065
885,994
6,515,005
6 515 005
2,91 7,465
1 504 650
1 412815
M 807219
654 757
1 152,462
' 1 790,321
876182
914,139
1
1
;
1
556,219
'535 141
236,575
118578
117997
' r150 219
52 661
r
97,558
r
148,347
r
71 399
' 76,948
4646
2161
1223
126.3
485,259
r 525 988
4605
2157
1204
124.3
4624
2153
1231
124.0
'542,696 554,543
'542757 533 470
'245,480 236,207
'126,547 120,031
'118,933 116,176
'152,505 152,663
'54,247
54,340
'98,258
98,323
' 144,772 144,600
'69,855
69,811
'74,917
74,789
'106.9
'107.7
'109.6
'100.7
'107.5
'105.8
'96.4
'101.4
'91.1
'102.9
'105.8
'98.8
'99.5
'121.8
'110.2
'93.1
"86.9
'118.5
'109.6
'110.0
' 104.0
'103.7
'98.4
'104.5
p 114.3
'113.1
'106.6
'112.2
'83.3
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as
shown in BUSINESS STATISTICS, isei-ea
Annual
1989
Dec.
S-3
1992
1991
1990
1990
February
Jan.
Feb. |
Mar.
Apr. | May
June
July ] Aug.
Sept. | Oct.
Nov. | Dec.
1. GENERAL BUSINESS INDICATORS-Continued
BUSINESS INVENTORIES
[Millions of dollars; constant (1982) dollar series in
billions of dollars]
Manufacturing and trade inventories, book value
(non-LIFO basis), end of period, (unadjusted),
total
Manufacturing and trade inventories, book value
(non-LIFO basis), end of period, (seas, adj.),
total
Manufacturing, total
Durable goods industries
Nondurable goods industries
Retail trade, total
Durable goods stores
Nondurable goods stores
Merchant wholesalers total
Durable goods establishments
Nondurable goods establishments
Manufacturing and trade inventories in constant
(1982) dollars end of period (seas adj ) total
Manufacturing
Retail trade
Merchant wholesalers
798 787
815348
810257
383,825
253 261
130564
238 159
120663
117496
188273
123436
64837
826941
388,811
252 836
135975
242,563
120629
121 934
195567
128619
66948
815348
824 829
827 742
820 398
820214
812683
801 777
802 438
800 602
807 582
828166 '832045
807 254
825 363
388,811
252 836
135975
r
241 ,860
r
120 488
r
121 372
r
194,692
r
127 949
r
66 743
831 445
388,381
252170
136211
244071
121 217
122854
198,993
131 331
67662
828 201
388,459
252 256
136203
241,179
119239
121 940
198,563
131 254
67309
819615
385,982
250 405
135577
236,900
116041
120859
196,733
129885
66848
816893
385,145
249 546
135599
236,696
116087
120,609
195,052
128 607
66445
811713
381,877
246 964
134913
236,204
115490
120,714
193,632
126816
66816
807105
379,968
245642
134326
235,098
114305
120,793
192,039
125707
66332
806 802
378,002
244 467
133535
235,994
114754
121,240
192,806
126056
66750
806 648
377,388
243616
133,772
236,757
115279
121,478
192,503
125992
66,511
809 793
378,837
244 310
134527
239,745
117437
122,308
191,211
124418
66793
813024 '813898
378,064 rr 377,820
242,816 T 242,290
135,248 135,530
241,955 rr 242,1 86
118172 r 117 735
123,783 124,451
193,005 r' 193,892
124 301 r125 174
68,704
68,71 8
817357
375,862
240,400
135,462
245,014
118174
126,840
196,481
127705
68,776
6927
3297
192.7
170.3
6955
3295
192.5
173.5
6939
3308
189.7
173.3
6877
3294
186.5
171.8
6872
3296
186.8
170.8
6836
3275
186.5
169.7
6808
3262
186.2
168.3
6807
3247
186.7
169.2
6796
3237
186.5
169.4
'1.54
1.64
2.13
60
1.00
.53
1.15
.42
19
.54
r
1.61
2.29
'1 24
'1 31
'1.79
.87
1.58
1.66
2.14
61
101
.53
1.17
.43
19
.55
1.65
r
2.39
127
1.37
1.90
.89
1.57
1.67
2.15
60
1.01
.53
1.18
.43
.19
.55
1.60
2.24
125
1.38
1.90
.90
1.57
1.69
2.19
.61
1.04
.54
1.19
.43
.19
.56
1.56
2.16
1.24
1.38
1.87
.91
1.54
1.64
2.08
.58
.99
.52
1.18
.43
.19
.55
1.57
2.17
1.24
1.35
1.87
.87
1.51
1.60
2.04
.57
.97
.51
1.15
.42
.19
.54
1.55
2.14
1.22
1.34
1.85
.87
1.50
1.59
2.01
.55
.96
.49
1.15
.42
.19
.54
1.54
2.11
1.23
1.32
1.81
.87
1.49
1.57
1.99
.54
.95
.49
1.14
.42
.19
.53
1.54
2.12
1.22
1.31
1.79
.87
1.49
1.56
1.96
.54
.93
.48
1.14
.42
.19
.53
1.56
2.16
1.23
1.32
1.80
.88
1 49
1 53
1 58
1 35
1 51
1 53
1 60
1 40
150
1 54
1 54
1 40
149
155
1 51
1 39
147
1 50
1 52
1 35
1 45
1 48
1 50
1 34
1 44
146
1 50
1 32
1 42
1 45
1 50
1 30
143
1 44
1 51
1 32
234 271
119684
4 197
10578
4198
14304
23834
16925
28476
11 784
10810
114,587
33005
2,346
4655
10,093
23031
16,080
6684
236,575
214255
104622
4033
10617
4499
13350
17830
14758
25107
15467
8714
109,633
29912
1,548
4267
10,030
23701
K935
6,953
234,548
231 617
116914
4290
10,728
4299
14,819
20308
16459
29,488
17002
9462
114,703
32651
1,826
4831
10,334
24205
13,261
7,482
233,215
238810
122049
4402
10,650
4110
15,443
23286
17443
29,230
15952
10182
116,761
33904
2,944
5189
10,253
24200
12,838
7,497
228,715
235 069
120571
4757
10,966
4327
15,017
20557
16 197
3l!591
18767
9,632
114,498
32,152
1,817
5,026
9,921
24971
13,509
7,799
234,886
240483
123418
4756
10,764
4,385
15,367
20366
17006
33,179
20605
9,920
117,065
33,700
2,906
5214
9,851
24560
14,352
7,807
238,289
254,733
133,092
5209
10,949
4,463
16,144
24383
18360
34,310
19,809
10,774
121,641
34,635
3,130
5,938
10,738
24 992
14,136
8,298
239,118
218,827
107,332
4765
9,836
3,970
13,541
17,876
15251
25,671
14,233
9,067
111,495
31,765
1,792
4,773
9,964
22,566
13,672
7,559
240,193
118578
4832
11485
4,568
15,606
21,876
16550
26,751
13515
9,803
117,997
33660
1,844
4,995
10,467
23902
15,874
7,384
117,648
4610
11,140
4,623
14,846
21,006
16599
28,106
16070
9,845
116,900
32111
2,465
4,889
10,216
24195
15,464
7,476
117,432
4544
10,620
4,281
14,616
20,897
16,517
28,912
15,726
9,797
115,783
32,917
2,286
4,878
10,218
23,816
14,099
7,395
114,487
4,397
10,220
3,900
14,532
20,840
16,525
27,314
14,910
9,488
114,228
33,111
2,452
4,932
9,994
22,885
13,584
7,303
119,721
4,556
10,626
4,135
14,711
20,890
16,755
30,402
17,372
10,137
115,165
32,854
2,095
5,085
9,949
24,117
13,760
7,527
121,024 122,240
4617
4,762
10,418
10,569
4,212
4,220
14,715 ; 15,003
21,142
20,735
17,218 , 17,082
31,310
31,823
18,515
18,561
10,012
9,962
117,265 116,878
33,316
33,265
2,567
2,560
5,437
5,233
10,284
9,952
23,895
24,543
14,151
14,331
7,626
7,482
122,994
5,006
10,611
4,296
14,895
20,511
17,166
32,692
19,979
9,933
117,199
32,981
2,556
5,546
10,251
24,062
13,714
7,927
r
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade total
Manufacturing total
Durable goods industries
Materials and supplies
Work in process
Finished goods
Nondurable goods industries
Materials and supplies
Work in process
Finished goods
Retail trade
total
. .
Durable goods stores
Nondurable goods stores
Merchant wholesalers total
Durable goods establishments
Nondurable goods establishments
Manufacturing and trade in constant (1982) dollars,
total
Retail trade
1.50
1.56
1.96
.54
.93
.48
1.15
.42
.19
.53
1.57
2.15
1.25
1.31
1.75
.89
1.50
1.54
1.92
.53
.91
.48
1.14
.42
.19
.53
1.59
2.16
1.27
1.33
1.77
.91
242,053
122,340
5158
10,854
4,399
15,404
19,147
17061
31,889
19,311
9,968
119,713
33,370
2,456
5,901
10,406
24037
14,394
7,997
241,894
257,962
133,506
5239
11,272
4,561
16,143
22,726
19094
35,448
20,827
10,599
124,456
35,140
2,954
6,186
10,563
25,047
14,406
8,378
242,240
253,919
130,927
5,138
11,237
4,622
16,593
20,731
17501
36,554
23,388
10,124
122,992
34,441
2,390
6,194
10,411
24,115
14,587
8,388
245,134
124,459
4,884
10,754
4,426
15,401
20,526
17,114
33;198
19,879
10,291
117,435
33,273
2,547
5,598
10,266
24,027
13,687
7,930
124,965
4,853
10,857
4,480
15,291
20,683
17,343
33,836
20;041
9,964
117,275
33,246
2,585
5,634
10,317
24,025
13,348
8,064
126,404 '126,547
4,744
'4,738
10,754 '10,717
'4,352
4,451
15,716 '15,847
20,979 '21,237
17,389 '17,876
34,713 '33,573
20,954 '19,836
10,078 '10,235
118,730 '118,933
33,379 '33,897
2,597
'3,010
5,736
'5,661
10,234 '10,199
24,354 '23,809
13,826 '13,712
8,032
'7,920
1.50
'1.54
1.91
r
.53
.91
.48
1.14
.41
.19
'.54
'1.59
'2.17
1.27
"1.34
1.79
'.92
1.53
1.59
2.00
.55
.95
.50
1.17
.43
.19
.55
1.60
2.17
1.29
1.36
1.83
.92
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS t
[Millions of dollars]
Shipments (not seas adj ) total
Durable ooods industries total
Primary metals
Blast furnaces steel mills
Fabricated metal products
Industrial machinery and eQuipment
Transportation eQuipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries total
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
Shipments (seas adj ) total
By industry group:
Durable goods industries total #
Stone clay and qlass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
See footnotes at end of tables.
2 840 264
1 494 388
63763
153021
62740
180579
260 805
•tQc'npc
372 436
233 203
118000
1,345,876
379 543
26,003
68366
128,287
275 187
146,310
94357
2917465
1 504 650
62897
144185
58921
188115
263 573
200 430
377319
226050
120219
1,412,815
397 090
28,161
63535
128,761
285612
179,357
91657
'245,363 230,562
'125,777 118,737
'4,754
3,971
9,420
'10,563
3,897
'4,257
13,880
'15,525
22,614
'20,278
18421
'18315
'33,836
28,968
'20,181
14,367
10,763
'10,391
'119,586 111,825
32,721
'33,738
'3,454
2,828
'5,840
5,049
'9,953
9,795
'23,034 22,670
'14,271
12,985
'7,487
6,942
236,207
'245,480
120,031
4,604
10,435
4,287
15,175
20,487
17,871
29,624
17,651
9,878
116,176
33,330;
2,275
5,502
10,187
23,774
13,041
7,720
Jan.
SURVEY OF CURRENT BUSINESS
S-4 • February 1992
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as
shown in BUSINESS STATISTICS, 1951-88
Annual
1990
1990
1989
Dec.
1992
1991
Jan. |
Feb. |
Mar.
Apr. |
May |
June |
July |
Aug. |
Sept. Oct. |
Nov. | Dec.
1. GENERAL BUSINESS INDICATORS-Continued
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS-Continued t
[Millions of dollars]
Shipments (seas. adj.)—Continued
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
Inventories, end of year or month:
Book value (non-LIFO basis), (unadjusted), total
Durable goods industries total
Nondurable goods industries total
Book value (non-LIFO basis), (seasonally
adjusted), total
By industry group:
Durable goods industries, total #
Stone clay and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Motor vehicles and parts
Instruments and related products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
Nondurable goods industries total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
New orders net (unadj.), total
Durable goods industries total
Nondurable goods industries total
New orders, net (seas, adj.), total
By industry group:
Durable goods industries total
Primary metals
Blast furnaces steel mills
Nonferrous and other primary metals
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment ...
Transportation equipment
Aircraft, missiles, and parts
Nondurable goods industries, total
Industries with unfilled orders %
Industries without unfilled orders 0
By market category:
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
See footnotes at end of tables.
7
173
7
136
617 547
'7 458 113
113 294
7
175 948
7
170 871
7
670 558
7
472,748
7
103 865
7
14039
55652
38,105
7090
12941
13930
55603
38199
7045
12789
13910
55191
36,730
6686
12563
14405
54903
38,623
7815
13091
14376
56728
39163
8237
13297
14639
56143
39416
8145
13503
15069
55635
39033
8781
13743
15129
55830
39217
8854
13685
15255
55842
39871
8987
13655
15532
56541
40,815
9318
13685
r
r
170 750
14444
56705
38,310
6426
13348
15 928
57182
" r40,870
8939
r
13 923
15389
55595
37,871
7950
13702
1
7
983 829
' 80 336
78076
7
78870
78608
77547
75795
77875
78647
79570
80245
80551
80331
80815
76 973
7
471 469
'7 364 922
106 547
77,561
7
491 ,594
7
384 663
7
106 931
6,658
41523
32722
8801
6,383
39923
31 721
8202
6,242
40711
32213
8498
6,215
39,971
31405
8566
6,460
40593
31 733
8860
6445
40543
32131
8412
6383
41398
32848
8550
6678
39978
31 732
8246
6786
41400
32260
9140
6836
41577
32547
9030
6,900
42,163
33316
8847
377,201
248 01 1
129 190
382,135
247615
134520
382,135
247615
134520
387,733
251 035
136698
390,570
253719
136851
386,434
251 017
135,417
387,458
251 304
136 154
384,554
249 380
135 174
378,904
245429
133475
378,863
245 338
133525
378,749
244736
134013
377,445
243223
134222
378,171 '377,403 369,341
242689 rr241 914 235 080
135,482 135,489 134261
383,825
388,811
388,811
388,381
388,459
385,982
385,145
381,877
379,968
378,002
377,388
378,837
378,064
253,261
7780
22,663
10948
24600
48,557
31 130
72576
12,159
24,998
252,836
8157
23,651
11 658
24585
47,724
30067
73,424
13,039
24,273
252,836
8157
23,651
11 658
24585
47,724
30067
73424
13,039
24,273
252,170
8223
23257
11400
24519
47,977
29947
73486
13,085
23,975
252,256
8243
23216
11 368
24717
48,198
29698
73551
13,228
23,928
250,405
8138
23,265
11426
24272
47,921
29719
73,116
12,919
23,640
249,546
8096
23,029
11 216
23992
48,014
29714
72985
12,867
23,743
246,964
8016
22,645
11 023
23649
47,764
29522
72109
12,447
23,567
245,642
8019
22,509
10943
23433
46,922
29333
72071
12,479
23,717
244,467
7968
22,217
10851
23163
46,985
29377
71,612
12,488
23,638
243,616
7988
22,065
10774
23,101
46,735
29159
71,466
12,564
23,603
244,310
7905
21,947
10724
23001
46,580
29035
72,458
12,694
23,606
242,816 '242,290 240,400
"7,962
7,860
7,975
21,787 rr 21 ,591 21,485
10,522
10,559
10,587
22,959 ' 23,01 8 22,657
45,397
46,448 '46,011
28,491
28,886 '28,746
71,187
71,690 '71,976
12,777 '12,973
12,838
23,482 < 23,233 23,328
71,295
120890
61 ,076
130564
26880
5094
8999
12962
31,098
10,688
11 430
71,191
119169
62,476
135,975
27784
5375
8846
13362
32,366
13,175
11 995
71,191
119169
62,476
135,975
27784
5375
8846
13362
32,366
13,175
11995
71,208
119015
61,947
136211
28091
5642
8892
13547
32,651
12,279
12054
70,980
119010
62,266
136203
28137
5720
8861
13695
32,762
11,871
11959
70,101
118646
61,658
135,577
28221
5662
8699
13771
32,805
11,586
11 766
69,274
118041
62,231
135599
28321
5851
8639
13720
32,772
11,563
11 801
68,425
117308
61,231
134913
28154
5788
8592
13576
32,666
11,759
11 652
67,387
117748
60,507
134326
28169
5803
8546
13332
32,417
11,774
11 537
66,936
117350
60,181
133,535
27864
5,987
8561
13247
32,228
11,613
11 405
66,951
116308
60,357
133,772
27962
5950
8579
13098
32,476
11,688
11 359
67,027
116,762
60,521
134,527
28494
5,892
8744
13 153
32,522
11,778
11253
66,823 '66,555
115,492 '115,382
60,501 '60,353
135,248 '135,530
28852 '28,867
5,882
'5,706
8751
'8626
13368 '13457
32,630 '32,912
11,402 '11,500
11,274 '11,303
48456
22424
59,684
49710
22906
63,359
49710
22906
63,359
50034
22426
63,751
49706
22369
64,128
49661
21998
63,918
49523
22296
63,780
49342
22224
63,347
49305
22395
62,626
49409
22,228
61,898
49237
22339
62,196
49284
22786
62,457
49556
22,820
62,872
'49,326
'22,479
'63,725
49,743
22,278
63,441
28080
51 075
87474
6373
23,508
26567
54407
87,135
6698
23,957
26567
54407
87,135
6698
23,957
26280
54616
87,645
6660
23,865
26180
54589
87,612
6677
23,922
25703
54466
87,738
6472
23,637
25444
54796
87,832
6454
23,341
25406
54693
87,319
6316
23,054
25390
54578
86,647
6228
23,123
25244
54359
86,572
6209
23,063
25395
54,594
86,662
6274
23,040
25925
55,100
86,679
6369
23,011
26,208
55,335
86,182
6,399
22,870
'26,403
'55,260
'86,114
'6,493
'22,947
26,482
55,269
85,916
6,496
22,791
128 055
131 364
131 364
131 625
131 474
130508
129945
128491
127715
126 666
126018
126008
125775 '125,701
124667
12901
121 951
83334
38,617
237,406
123043
114363
238,196
12807
121 856
84132
37,724
217,443
107749
109694
234,462
12758
121 907
83908
37,999
234,071
119158
114913
233,132
12442
121538
83,985
37,553
238,355
120990
117365
226,431
12225
121 727
84,146
37,581
231,020
116644
114376
231,229
12134
120871
83747
37,124
237,591
119718
117873
236,540
12080
119975
82869
37,106
246,990
125745
121 245
233,725
11,923
11,961
119629 118977
82,985
82,925
36,704
35,992
226,615 240,835
114829 120697
1 1 1 786 120138
248,090 243,160
12,163
119448
82,727
36,721
253,067
128355
124712
237,624
12,194
118,224
82,072
36,152
249,441
126,956
122,485
242,230
'12,312
'117,707
'81,949
'35,758
'242,579
'123,343
'119,236
'243,138
12,337
116,559
81,673
34,886
229,264
117,542
111,722
233,832
17 511 501 120221
10459
143 388
7
58,201
3,786
7
73,379
5,926
7
187
049
15532
7
20492
261 443
7
201 ,261
17,622
7
393,599
31,788
7
145,798
15,679
7
1,41
2,21 4 117,975
7
351 172
28609
7
1,061 ,042
89,366
117789
9506
3,555
5,215
15196
21 785
16,243
29,837
11,235
116,673
28322
88,351
117,547
9776
3,839
5,134
14278
19899
18,067
29,758
12,801
115,585
28463
87,122
112,116
9725
3,664
5,274
14328
19872
15,642
28,343
12,015
114,315
28,363
85,952
116,139
10490
4,279
5,429
14874
20243
17,330
27,453
8,677
115,090
27916
87,174
118,434
10377
4,223
5,360
14703
20955
16,911
28,781
7,596
118,106
29033
89,073
117,128
10782
4,476
5,429
14592
20 137
15,371
29,814
9,890
116,597
27958
88,639
130,827
11496
5,088
5,515
14875
20522
17,523
37,882
16,595
117,263
28808
88,455
125,482
11 318
4,924
5,525
15370
20374
16,174
34,404
11,860
117,678
28983
88,695
120,092
10823
4,483
5,525
15193
20987
16,830
29,352
6,993
117,532
28,972
88,560
123,325 '124,046
10,493 '10,714
4,453
'4,138
5,204
'5,766
15,469 '15,652
20259 '20491
17,431 '17,642
32,648 '33,618
10,125 '12,664
118,905 '119,092
29,217 '29,042
89,688 '90,050
117,545
9,759
3,586
5,369
15,078
19912
18,254
28,917
10,079
116,287
28,607
87,680
974 969
1
13548
12901
124243
121 951
83334
84141
38,617
40,102
7
2,889,092 77 2,923,71 5
7
1
51
1 501
1
543
806
7
1 345 286 7 1 412214
7
2,889,092 '2,923,715
7
17 543 806
149 818
7
60 458
7
77,325
7
177
552
7
262 898
'7 197,269
421, 986
7
162,805
7
1,345,286
7
342 006
7
1,003,280
7
r
7088
r
42,374
r
33
565
r
8809
r
377,820
6731
39773
31 324
8,449
375,862
65,941
114,432
60,027
135,462
28,913
5,851
8639
13508
32,929
11,142
11,259
7
173 304
7
61 7,551
7
7
171 ,099
7
670,41 9
7
495
458
7
103,683
7
170 287
14,241
56,664
44161
6,375
13204
13,428
55,660
39949
7,121
12830
13,668
55,599
39282
7,049
12655
13,925
55,209
36967
6,660
12644
14,601
54,838
35803
7,828
13199
14,528
56,698
35251
8,262
13411
14,645
56,249
35301
8,103
13633
15,036
55,692
42,265
8,785
14325
15,409
55,815
37,554
8,902
13716
15,554
55,835
38,050
9,308
13721
15,678
56,592
39,392
9,288
13,606
'16,108
'57,110
'42,096
'8,886
'13,670
15,580
55,539
35,444
7,869
13683
7
7
980,655
77,001
77,745
77,449
74,854
77,834
79,391
78,452
83,243
81,450
80,243
79,531
'80,406
77,022
7
6,397
45404
38560
6.844
5,932
41 640
33957
7.683
6,092
41 678
33756
7.922
6,167
38632
31 940
6.692
6,580
36538
28748
7.790
6,567
37569
28038
9.531
6367
37563
29282
8.281
6,756
46074
36689
9.385
6,961
41 797
30993
10.804
6,966
35594
30078
5.516
7,022
'7,153
39404 '40029
31 ,098 '34,876
8.306
'5.153
6,840
38591
29,015
9.576
506 138
'113,102
7
174 531
975,289
1
76.893
7
526 797
7
41
7 797
7
109.000
77,099
' 501 797
'408380
'93.417
Jan.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, isei-ss
Annual
1989 |
February 1992 •
1990
1990
Dec.
1992
1991
Feb. | Ma,
Jan.
Apr.
May |
June
S-5
July |
Aug. |
Sept. |
Oct. |
Nov. |
Dec.
Jan.
1. GENERAL BUSINESS INDICATORS-Continued
MANUFACTURERS' SHIPMENTS, INVENTORIES,
AND ORDERS-Continued tt
{Millions of dollars]
Unfilled orders, end of period (unadjusted), total
Durable goods industries, total
Nondurable goods industries with unfilled orders $ .
Unfilled orders, end of period (seasonally adjusted)
total
By industry group:
Durable goods industries, total #
Primary metals . .
Blast furnaces steel mills
Nonferrous and other primary metals
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Aircraft missiles and parts
Nondurable goods industries with unfilled
orders $
By market category:
Home goods and apparel
Consumer staples
Machinery and equipment
Automotive equipment
Construction materials and supplies
Other materials, supplies, and intermediate
products
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
517,822
497,280
20,542
524,072
504,131
19,941
524,072
504 131
19,941
527,260
507,258
20,002
529,714
509,502
20,212
529,259
508,443
20,816
525,210
504516
20,694
522,318
500816
21,502
514,575
493 469
21,106
522,363
500 966
21,397
521,145
499323
21,822
516,250
494 172
22,078
511,772 -508,988 507,690
490 201 r 487 767 486572
21,571 -21,221
21,118
520837
527 195
527 195
527 109
527026
524 742
521 085
519336
513943
521 840
523106
518490
515586 -513243
499,494
23927
9308
11,930
506,375
23122
8578
11,416
506375
23122
8578
11,416
506,516
21488
10,981
506,631
20644
7068
10,621
504,260
20149
6832
10,405
500,678
20013
6976
10,194
498088
19821
6979
10,068
492976
20 185
7243
10,156
500 809
21 070
8035
10,225
501832
21 634
8533
10,262
496 959
21600
8536
10,281
488 892
493 880 -491 378
21 339 r21 336 20660
8538
'8324
7623
10,055 -10,319
10,346
28477
59354
48,377
261 092
223248
27,411
57185
49,185
277,502
241 418
27411
57185
49,185
277502
241 418
27,761
57964
48,829
279,233
242391
27,423
56966
50,379
280,079
243 762
27,219
55998
49,496
281,108
245407
27382
55351
50,071
278 159
243014
27370
55571
49J64
275 630
239 781
26959
54566
48,053
273 621
238282
26939
54577
48,410
278811
243995
26,908
54425
47,470
280,017
244398
26810
54729
46,957
275,533
239 601
26563 -26368
54009 -53 263
46,999 -46,765
273,468 -273512
237 926 -238 753
21,343
20,820
20,820
20,593
20,395
20,482
20,407
21,248
20,967
21,031
21,274
21,531
-21,865
21,976
8,328
1,420
206341
2026
13,024
8,586
1,283
229017
8,586
1,283
229017
7,975
1,291
230861
7,714
1,287
231945
7,729
1,304
232 182
8,077
1,209
225450
8,331
1,357
222903
1843
1843
1875
1879
1853
1852
1900
12,550
12,439
12,304
12,385
12,606
8,083
1,315
221 335
1 849
12,737
8,050
1,371
224 567
12,550
7,925
1,239
229362
1 866
12,493
13,318
13,350
8,629
1,350
221 082
9999
13,415
8,776
-8,956
-1,329
1,401
219660 -220886
2193
-2139
13,336 -13,083
9,148
1,274
218458
2058
13,064
129044
125773
125773
124910
124810
123 871
123829
124574
123455
126456
127354
127267
125979
-126049
124 994
5,750
391 696
226,633
165,063
5,203
402 026
250,310
151 716
5,203
402026
250,310
151 716
4,752
403 743
252,546
151,197
4,602
404710
254,089
150,621
4,554
403 371
254,624
148,747
4,674
399316
251,639
147,677
4,796
396342
247,546
148796
4,780
392 507
243,980
148,527
4,858
398 603
248,937
149666
5,033 !'
5,163
399000 393017
247,670 245,201
151,330 147,816
5,285
-5,350
390 258 -387912
242,983 -244,294
147,275 -143,618
5,459
386 730
241,985
144,745
676565
643022
50394
52,060
54227
51,991
48,419
50,384
55,917
51,536
55,735
52,235
56 618
52,327
51 654
52,071
52949
52,843
50,361
12779
5,148
6,690
6,876
7,330
7,464
1759
1802
1876
1036
1931
7,786
2022
1 023
6,887
1 734
7,627
1414
1923
1052
4,284
11 120
3,687
60,432
16063
8072
5090
12,826
4,376
423288
42509
2,837.7
35932
2721 6
1 187.5
640441
67673
29052
68297
77160
2,414 8
46765
7510
1891
21,706
510868
26271
52688
47,148
272805
238618
BUSINESS INCORPORATIONS @
[Number]
New incorporations (50 States and DC):
Unadjusted
Seasonally adjusted
r
47,840
52,284
53,871
53,338
7,422
6,833
2021
1747
8,485
2,255
1,137
51838
53,222
r
INDUSTRIAL AND COMMERCIAL FAILURES @
[For failures, number; for liabilities, millions of dollars]
Commercial service
Construction
Manufacturino and mining
Retail trade
Wholesale trade
Liabilities (current) total
Commercial service
. .
Construction
Manufacturing and mining
Retail trade
. ...
Wholesale trade
Failure annual rate, number per 10,000 concerns
7120
65.0
635
405
991
362
5187
115.6
1 1464
5849
168.5
900
496
913
599
1,360
1,307
567
572
630
918
510
1,442
1,449
1,549
1,320
1 043
595
974
628
879
542
1,422
1,424
1,389
669
1,652
433
454
495
533
516
468
507
527
522
632
10242.8
984.2
168.8
1 6672
21508
206.7
11,9972
5,189.9
396.3
41791
7,317.7
919.9
163.0
6433
280.9
326.1
5,069.1
759.6
746.0
7958
6753
288.6
12,248.0
601.5
595.1
4,930.5
434.2
170.4
2865
3350
107.8
4,734.1
1,227.8
350.5
5252
259.5
359.6
3,202.0
632.8
393.9
346.7
281.6
308.0
5,963.0
586.5
199.1
404.7
885.5
312.7
10,126.2
868.3
200.4
1,252.2
370.6
178.9
4168
258.2
3741
4136
241.3
75.0
2. COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS t
[1910-14=100]
Prices received, all farm products
Crops #
Commercial vegetables
Cotton
Feed grains and hay
Food grains
Fruit
Livestock and products #
Dairy products
Meat animals
Poultry and eggs
Prices paid:
Production items
All commodities and services, interest, taxes, and
wane* F3t63 (naritv index)
Parity ratio §
-673
-580
-681
-651
-659
-660
-678
-678
-691
-697
-681
-667
-672
-651
-548
-707
-548
-388
-522
-662
-567
-527
-597
-564
-742
-587
-391
-593
-971
-592
-615
-759
-570
-366
-587
-576
-560
-593
-577
-547
-544
-578
-529
-372
-281
-767
-549
-731
-582
-382
-803
-717
-694
-718
-525
-659
-548
-365
-279
-740
-1,451
-1,483
-1,521
-1,557
-1,643
-1,526
-1,626
1,488
-1,382
1,488
770
829
983
820
837
799
716
800
716
813
697
798
691
794
697
783
697
1,089
1,108
1,122
1,116
1,108
1,086
1,060
1,015
306
279
310
278
272
273
289
286
756
503
404
428
-313
958
1220
338
361
275
-787
716
1,088
-1,074
-298
-295
573
294
303
-817
385
-308
-877
-609
-560
-357
636
-537
-742
-514
628
-520
-558
-469
534
660
456
378
358
753
298
291
565
368
304
-1,308
-1,488
-1,294
-1,444
-1,434
1,552
-1,008
1,548
-369
-803
-390
-772
1,582
1,565
1,530
780
722
762
752
754
783
990
283
763
820
994
280
739
844
940
275
741
727
832
930
263
367
324
363
-351
-989
-1002
1 012
1000
-998
1265
-1293
-1 303
-1298
-1,298
365
369
-844
-935
289
993
1,295
54
51
51
51
52
52
53
53
-52
51
52
50
49
122.6
129.0
132.2
132.8
132.8
133.0
133.3
133.8
134.1
134.3
134.6
135.2
135.4
124.0
130.7
133.8
134.6
134.8
135.0
135.2
135.6
136.0
136.2
136.6
137.2
137.4
1216
1282
123.7
122.4
130.3
128:8
131.5
133.7
131.8
132.1
134.3
132.4
132.2
134.6
132.6
132.2
134.8
132.7
132.6
134.9
133.0
133.1
135.4
133.3
133.3
135.7
133.6
133.3
136.1
133.8
133.7
136.7
134.2
134.5
137.4
134.8
134.6
137.7
134.9
55
-628
48
48
135.8
135.9
136.0
137.8
137.9
138.1
teS.O
138.0
135.2
135.0
138.1
135.3
135.1
138.3
135.5
CONSUMER PRICES
[1982-64=100]
Not seasonally adjusted:
All items, wage earners and clerical workers (CPIW)
All items, all urban consumers (CPI-U)
Special group indexes:
All items less shelter
All items less food
All items less medical care
See footnotes at end of tables.
S-6 • February 1992
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1951-88
Annual
1990
1989 | 1990
1992
1991
Jan. |
Dec.
Feb. |
Mar. |
Apr. | May
June
July |
Aug. |
1262
1296
1230
1163
1264
1301
1243
1159
Sept.
Oct.
Nov.
Dec.
Jan.
2. COMMODITY PRICES-Continued
CONSUMER PRICES-Continued
[1982-64=100, unless otherwise indicated]
Not seasonally adjusted—Continued
All items (CPI-U)-Continued
Commodities
Nondurables
Nondurables less food
Durables
Commodities less food
Services
Food*
Food at home
Housing
Shelter #
Rent, residential
Homeowners' cost, Dec. 1982=100
Fuel and other utilities #
Fuel oil and other household fuel
Gas (piped) and electricity
Household furnishings and operation
Apparel and upkeep
Transportation
Private
New cars
Used cars
Public
Medical care
Seasonally adjusted £
All items, percent change from previous month or
1167
1182
1117
1122
1228
1260
1199
1134
1260
1300
1257
1145
1260
1298
1240
1150
1257
1293
1232
1155
1257
1292
1229
1155
1264
1302
1239
1155
1268
1306
1246
1159
1267
1304
1239
1160
1271
1272
1278
1275
131 0
131 0
131 5
131 1
1259
1159
1261
1163
1267
1170
1255
1172
1272
1306
1?42
1174
112.0
117.4
121.4
120.6
120.3
120.1
120.7
121.3
120.9
120.5
121.1
122.1
122.4
123.0
122.4
121.6
131 9
1392
1423
1438
1445
1448
1447
1450
1458
1468
1473
1479
1481
1483
1488
1496
1251
1324
1323
1342
1358
1355
1358
1367
1368
1372
1365
1360
1360
136.4
135.7
136.0
137.0
136.9
137.4
136.0
134.9
134.9
136.2
135.0
136.7
135.5
1372
133.8
135.8
134.4
1305
1318
1324
1325
1345
1473
1347
1474
1347
1350
1357
144.6
141.5
148.2
114.7
1334
1458
1347
144.0
141.2
147.9
114.8
1328
1452
1342
142.7
141.1
147.5
112.7
1326
1452
142.8
149.2
143.0
149.7
115.8
143.7
150.7
116.2
144.6
151.6
116.8
147.7
144.6
152.1
115.7
147.9
145.0
152.6
115.3
148.2
145.2
153.0
116.0
149.2
145.4
153.2
116.2
1141
111 2
111.5
114.1
1057
1115
878
115.4
116.3
125.2
878
114.7
116.2
889
115.5
116.4
90.9
108.6
113.7
112.9
116.4
94.8
1112
116.5
947
112.4
116.3
112.8
116.7
127.6
131.3
132.7
1234
1238
1238
1240
176.2
121.7
124.9
120.4
146.7
177.5
122.0
124.4
120.0
147.6
178.9
122.1
124.1
119.8
146.6
179.7
122.4
125.0
120.2
144.9
180.7
132.9
125.0
123.4
126.6
120.6
147.0
181.8
129.6
125.3
123.4
127.6
120.1
149.8
182.6
127.9
124.5
122.5
128.0
117.8
151.5
184.3
r
1365
126.7
'121.0
'137.3
'1372
'126.5
'121.1
136.6
'135.9
126.8
'121.7
'136.3
'135.3
127.1
122.1
'136.5
'135.4
'127.1
'122.1
'136.4
'135.2
127.6
122.6
137.0
135.9
'127.6
'122.4
137.4
'136.4
127.3
122.1
136.8
135.4
1286
124.2
1230
1328
132.8
137.3
1078
81 7
1285
1400
1384
144.6
111 6
993
1075
1093
111.2
118.6
113.3
124.1
125.3
123.8
1141
1129
1205
1188
1272
1251
1255
119.2
121,0
123.5
1204
1295
1176
1426
1171
1544
149.3
162.8
169.2
I An
/ r i
Commodities
Commodities less food
Food
Food at home
Apparel and upkeep
Transportation
Private
New cars
Services
r
123.2
124.6
993
1142
944
115.6
126.2
115.7
128.8
130.1
909
111 5
116.3
129.4
1237
1212
1223
1199
1222
1202
1233
1215
1237
1219
1108
1094
115.9
893
1144
115.9
126.9
125.3
125.4
125.3
125.4
125.3
1161
1151
1144
1150
155.4
171.0
156.2
172.5
153.3
173.7
147.1
174.4
1170
1460
1752
1188
1466
146.8
143.7
150.2
116.4
92.0
n
4
r
125.9
120.9
r
135.3
135.2
r
121.5
134.9
M347
126.1
121.1
r
135.4
r
1354
r
r
r
r
r
1256
r
r
126.9
r
125.5
M233
r
123.3
1427
'1438
126:2
r
145.2
142.5
148.8
113.1
142.0
148.4
114.1
136.4
1249
122.5
1258
r
126.2
120.8
r
136.4
'1363
126.5
" 121.1
136.7
M282
M286
r
r
123.9
'1215
" 124.0
r
r
r
r
r
127.9
1444
125.8
120.4
135.7
135.5
122.9
M207
' 124.4
r
122.7
'1209
r
125.0
'1278
'127.7
'129.2
'130.0
'130.3
'131.1
'129.6
123.1
'1214
" 125.1
'123.4
'125.5
'123.6
'1219
'125.7
'1242
'122.5
'125.9
'124.2
" 122.6
'126.3
124.0
122.5
'126.2
'124.5
'122.9
'126.3
'124.8
'123.0
'126.5
130.0
124.4
122.4
126,6
'148.1
'148.6
149.2
149,7
115.6
1218
144.8
1451
145.5
'1459
'146.5
'147.0
147.6
PRODUCER PRICES §
[1982=100 unless otherwise indicated]
Not seasonally adjusted:
All commodities
By stage of processing:
Crude materials for further processing
intermediate materials, supplies, and
Finished goods #
Finished consumer goods
Capital equipment
By durability of product:
Durable goods
Nondurable goods
Total manufactures
Durable manufactures
Nondurable manufactures
Farm products, processed foods and feeds
Farm products
Foods and feeds prxessed
Chemicals and allied products
Fuels and related prod and power
Furniture and household durables
Hides skins, and leather products
Lumber and wood products
Machinery and equipment
Metals and metal products
Nonmetallic mineral products
Pulp paper and allied products
Rubber and plastics products
Textile products and apparel
Transportation equipment #
Motor vehicles and equipment
Seasonally adjusted: $
Rnished goods, percent change from previous
month or year
By stage of processing:
Crude materials for further processing
intermediate materials, supplies, and
components
Finished goods #
Foods
Finished goods exc foods
Durable
.
Nondurable
Capital equipment
112.2
1163
118.7
119.0
117.2
116.2
116.0
116.5
116.4
116.1
1162
'116.1
116.4
116.4
115.9
1031
1089
110.5
112.8
104.1
101.2
100.8
102.1
99.8
99.5
99.1
98.0
99.6
99.7
97.7
97.3
1120
1136
1121
114.5
122.9
116.4
122.3
121.4
125.9
115.5
121.4
120.3
126.1
114.2
120.9
119.6
126.2
113.9
121.1
119.8
118.8
116.7
122.0
121.4
124.9
114.0
121.8
120.6
126.5
114.3
121.9
120.7
126.5
114.0
121.6
120.4
126.6
114.2
121.7
120.4
126.5
'114.6
'121.4
'1202
'1262
114.1
122.3
120.8
127.9
114.1
122.3
120.9
127.9
113.7
121.9
120.3
128.0
113.2
121.7
120.0
128.3
119.0
107.1
114.3
121.2
112.2
118.1
1207
122.9
111.1
118.7
122.6
114.8
118.3
109.7
122.6
115.7
126.0
122.9
111.0
118.7
122.6
114.7
122.8
111.7
118.8
122.5
115.0
118.3
110.4
122.3
116.1
125.3
122.7
111.6
118.8
122.6
114.9
117.6
109.1
121.9
122.7
111.1
118.5
122.6
114.3
116.3
105.6
121.6
116.0
124.4
122.6
111.3
118.7
122.5
114.8
115.2
102.9
121.4
'122.5
'111.3
'118.7
122.3
'115.0
'115.1
'103.1
121.1
123.4
111.2
119.1
123.2
114.9
123.2
115.2
1232
115.2
118.6
112.2
121.9
115.8
123.6
122.9
112.8
119.6
122.5
116.4
117.1
106.9
122.3
117.2
128.1
123.2
110.5
118.8
110.2
115.4
110.9
117.8
111.6
122.8
115.6
120.3
122.4
117.7
117.0
106.9
122.1
119.3
128.3
123.3
111.3
1183
122.2
115.4
120.5
121.8
118.7
'116.3
'124.5
'81.4
'121.2
'136.6
'133.4
123.0
'119.5
'1172
'142.3
'114.6
'116.6
'125.2
'119.2
114.8
101.4
121.5
116.7
125.0
114.5
100.7
121.4
116.3
124.5
115.0
101.2
122.0
116.6
123.4
109.9
118.5
123.4
113.7
115.3
103.0
121.4
115.6
124.6
1230
72.9
1169
136.3
1267
117.4
1241
112.6
137.8
112.6
112.3
117.7
116.2
1192
1182
116.8
107.2
121.7
119.0
127.9
1262
118.1
109.6
122.5
115.6
126.0
116.1
125.0
82.2
90.5
90.1
83.0
78.5
78.1
80.2
80.3
119.1
141.7
129.7
120.7
123.0
114.7
141.3
113.6
114.9
121.5
118.2
120.0
140.6
126.8
122.0
122.4
115.8
142.3
115.4
115.2
124.2
121.5
120.6
140.2
127.6
122.6
122.4
116.9
143.6
116.0
115.7
125.2
121.9
120.9
140.0
127.2
122.9
121.9
117.2
143.8
116.0
115.8
125.7
122.4
121.0
140.4
127.8
123.0
121.5
117.4
143.7
115.8
115.9
125.7
122.2
121.2
141.1
121.2
140.4
132.3
123.1
120.5
117.3
143.0
115.2
116.0
125.6
120.7
121.2
140.0
111.2
113.2
104.4
' 100.7
r
100.4
r
'116.*
r
122.1
'121.6
' 124.9
'116.^
122.4
121.6
' 124.8
'115.t
'121.6
r
120.6
' 124.8
r
1187
r
123.6
r
1150
125.9
114.J
121.2
' 120.0
' 124.9
'1176
'123.9
r
1136
126.2
'114.1
'121.4
120.2
r
125.3
r
1292
123.1
121.3
117.3
143.2
1155
116.0
125.5
121.5
1362
123.1
119.7
117.3
142.7
115.0
116.2
125.6
120.6
80.1
1212
138.3
136.9
123.0
119.6
117.2
142.3
114.8
116.3
125.7
120.5
81.3
121.2
138.1
133.3
123.0
119.5
117.1
142.2
114.7
116.5
126.0
120.6
124.9
1192
114.4
116.1
124.9
81.0
81.3
79.1
76.8
121.4
136.5
133.3
123.0
119.5
117.3
142.9
114.7
116.6
128.9
125.6
121.4
137.0
133.i
123.1
119.1
117.4
143.0
114.6
116.8
128.9
125.5
121.4
137.6
134.3
123.1
118.7
117.2
142.7
114.7
116.9
128.9
125.0
121.8
138.5
136.9
123.2
118.4
1172
143.5
114.5
116.9
129.3
125.0
/K0
1202
. . .
' 122.2
r
1174
r
124.6
r
1201
123.2
'1171
125.7
T
1177
123.9
1139
' 126.2
r
100.9
'99.3
99.3
'99.1
'98.4
100.1
100.4
'98.3
97.7
114.(
'121.6
r
120.4
r
125.0
r
1181
r
123.4
'1145
'126.6
'114.2
121.4
'120.1
'124.7
'1178
'123.3
'1142
126.7
'113.£
'121.2
'119.8
124.0
'117.7
'123.5
'1140
126.8
'114.1
'121.5
'120.2
123.4
'1183
123.8
'1149
126.9
'114.J
'121.8
'120.4
'123.3
'119.0
'124.3
'1153
'127.1
'114.(
'122.2
'120.9
'123.3
'120.0
124.5
'116.1
'127.3
'114;
'122.2
'120.9
'123:
120.1
' 124.8
r
116.1
'127.5
'113.S
'122.1
'120.7
'122.9
119.7
'124.8
'115.7
'127.7
113.3
121.7
120.1
122.5
118.9
125.5
114.7
128.0
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices, 1982=$1.00
Consumer prices 1982-S4=$1 00
See footnotes at end of tables.
.880
.839
.820
807
766
747
.818
.743
.824
.827
.826
.821
742
741
739
737
.820
.735
.822
.734
.822
.732
.824
.729
.818
.728
.818
.726
.820
.725
.822
.724
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1951-88
Annual
Jan. |
Dec.
Feb.
Mr. |
Apr.
May |
S-7
1992
1991
1990
1990
1989
February 1992 •
June |
July
Aug.
Sept.
Oct. |
Nov.
Dec.
Jan.
3. CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE $
[Millions of dollars]
New construction (unadjusted) total
Private total*
Residential
New housing units
Nonresidential buildings, except farm and public
utilities, total # .
.
Industrial
Commercial
Public utilities:
Telecommunications
Public total #
Buildings (excl. military) #
Housing and redevelopment
Industrial
Military facilities
Highways and streets
[Billions of dollars]
New construction (seasonally adjusted at annual
rates), total
Private, total #
Residential
New housing units .
Nonresidential buildings, except farm and public
utilities total*
Industrial
Commercial
Public utilities:
443722
345 417
196,551
139202
446 434
337777
182,856
127987
32006
24127
12,034
8300
27732
21 108
10465
7336
27105
20394
9625
6643
29216
22044
10,991
7527
32467
24120
12,192
8048
34483
25162
13608
8894
36043
26144
14,838
9739
36978
26600
15,266
10461
38801
27602
15,952
11 007
38186
27051
15,611
11 067
'37830
'27139
'15,600
'10889
'34928
'25543
'14,591
'10429
31 122
22830
12,223
8777
113988
20410
65496
117971
23,848
62862
9060
1,989
4633
7851
1,640
3951
7886
1693
3921
8,119
1,797
3994
8,796
1,954
4392
8337
1,731
4239
8,055
1,833
4029
8069
1,744
4100
8,280
1,787
4280
8147
1,773
4144
8,189
1,970
3994
"7,620
"1,842
'3637
7,413
1,946
3355
9465
98305
39 567
3,621
1,300
3520
28174
9565
108657
45825
3,733
1,433
2732
30593
735
7879
3607
345
112
156
1969
582
6624
3353
276
122
156
1 159
716
6711
3509
282
114
144
1 177
716
7172
3613
287
121
156
1415
786
8347
4,063
283
141
152
1 913
767
9321
4,106
307
152
160
2669
775
9899
4,167
298
181
155
2918
758
10378
4,620
294
169
147
3147
849
11 199
4,795
284
195
149
3648
746
11 135
4,610
324
234
188
3,381
814
'10692
'4,420
'332
'132
'100
3,402
818
' 9,385
'4,216
'303
'134
'159
'2,388
8,293
4,103
273
133
183
1,824
421.3
311.3
1650
113.0
4065
303.9
161 8
1079
4101
300.5
1556
1035
401.9
293.3
1524
100.8
407.1
299.0
151 8
100.6
399.0
291.0
1546
103.2
398.2
290.9
1583
106.7
398.4
290.3
1580
109.9
403.2
293.4
1628
114.4
407.0
296.6
166.6
118.0
'410.3
'297.5
'168.3
'118.3
'408.4
'295.7
'168.2
'118.9
407.4
295.0
167.3
119.2
1096
23.0
56.9
1058
22.4
53.8
1070
23.2
54.0
1038
23.1
51.8
1089
24.3
54.8
990
20.7
50.2
94.3
20.9
47.6
94.1
20.9
47.1
92.0
20.4
46.3
91.8
20.3
45.6
91.1
'21.5
'44.5
'89.0
21.6
'42.3
89.2
22.4
41.2
8.8
110.0
46,9
41
13
1.9
33.2
8.8
102.6
45.9
33
15
1.9
25.6
10.1
109.6
48.2
34
1.4
1.7
30.7
9.1
108.6
48.4
34
1.5
1.9
30.0
9.7
108.0
49.6
34
1.7
1.8
28.6
8.6
108.0
48.9
37
1.8
1.9
29.2
9.4
107.3
46.8
3.6
2.2
1.9
28.8
8.9
108.1
50.2
3.5
2.0
1.8
28.9
9.2
109.7
50.1
3.4
2.3
1.8
30.0
8.7
110.4
50.4
3.9
2.8
2.3
28.6
8.7
112.8
'52.8
4.0
'1.6
'1.2
'29.1
9.1
'112.7
'51.6
'3.6
"1.6
1.9
'28.7
112.4
52.8
3.3
1.6
22
28.8
' 2451 396
157
•"72090
r
173 307
14182
136
4419
9763
14034
133
5,116
8918
13,376
141
4,925
8450
16,276
140
5,803
10473
20,929
153
6,700
14229
20,713
145
6,665
14047
19,552
136
6,728
12,824
21,283
146
6,881
14,402
21,558
151
7,250
14,308
19,411
143
6,498
12,913
22,738
158
7,736
15,002
15,083
135
4,240
10,843
16,277
152
5,880
10,397
" 90 240
105 509
" 49 645
6031
5,483
2667
5923
5,091
3021
5091
5,185
3100
5,747
6,785
3744
7,076
8,712
5141
6,778
9,190
4745
6,412
8,909
4,231
6,940
9,695
4,648
7,454
9,764
4,339
6,218
8,941
4,252
8,337
9,984
4,417
5,103
7,427
2,552
5,819
6,670
3,788
213389
15344
14365
8136
10619
9229
17726
9433
1 1927
894.8
57.4
43.1
52.5
39.2
59.1
46.1
73.8
61.4
99.7
82.8
97.7
84.5
103.4
86.8
103.5
87.4
94.7
78.7
86.6
73.7
101.8
80.9
'75.6
'62.6
'66.2
'57.2
72.5
59.5
971
751
'844
r
644
918
'751
'978
'802
983
'830
"1,036
'870
" r1,053
881
' 1,053
'881
' 1,020
'864
"1,085
'887
"1,085
'907
"1,106
'965
1,167
974
1,118
916
Public, total #
Buildings (excl. military) #
Housing and redevelopment
Industrial
Military facilities
Highways and streets
CONSTRUCTION CONTRACTS
[Millions of dollars, unless otherwise indicated]
Construction contracts (F.W. Dodge Division,
McGraw-Hill):
Valuation total
Index (mo data seas adj) 1982=100
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Non-building construction
New construction planning (Engineering NewsRecord) §
261y 163
173
71 305
189859
93058
120436
47670
275118
r
HOUSING STARTS AND PERMITS
[Thousands]
New housing units started:
Unadjusted:
Total (private and public)
Privately owned
One-family structures
Seasonally adjusted at annual rates: 0
Total privately owned
One-family structures
New private housing units authorized by building
permits (17,000 permit-issuing places): t
Monthly data are seas. adj. at annual rates:
Total
One-family structures
Manufacturers' shipments of mobile homes:
Unadjusted
Seasonally adjusted at annual rates @
(3)
1 376 1
1 003.3
r
1,008
r
803
r
1,338
932
1,111
798
854
645
802
611
876
695
892
689
913
742
966
760
999
780
1,005
794
953
769
982
782
1,028
796
,993
787
'1,055
'851
1981
188.3
10.3
'168
11.7
168
10.9
157
12.8
157
15.2
175
16.6
174
15.6
173
14.7
175
17.4
178
15.1
172
16.9
172
13.1
'171
10.9
176
1074
108.3
110.1
110.8
110.8
110.7
110.7
110.9
110.6
111.0
110.6
111.0
110.6
111.0
110.8
111.1
111.1
111.5
111.3
111.8
111.2
111.9
111.4
112.1
'111.2
'111.9
'110.9
'111.7
110,7
111.4
1062
1072
1063
1087
110.6
109.7
390.7
428.8
400.0
440.5
402.6
444.7
107.7
108.5
108.5
CONSTRUCTION COST INDEXES
Bureau of the Census, 1987=100:
Composite fixed-weighted price index *
Implicit price deflator *
Boeckh indexes, 1987=100: ft
Average, 20 cities:
Apartments hotels office buildings
Commercial and factory buildings
Residences
Engineering News-Record, 1967=100:
Building
Construction
Federal Highway Adm.—Highway construction,
1987=100:
Comoosite Java, for vear or atr.} i±
See footnotes at end of tables.
. .
110.9
112.7
111.7
110.7
112.3
111.5
402.7
444.8
402.1
444.4
402.0
444.3
114.3
401.0
443.7
403.1
447.0
404.6
448.6
111.8
408.1
451.9
113.0
115.7
114.3
112.9
115.6
114.3
112.2
114.4
113.3
111.2
113.0
112.1
413.3
455.4
412.3
455.3
107.0
412.3
455.4
413.2
455.8
113.9
116.4
115.1
412.1
455.1
1004
2
41 2.0
2
455.1
SURVEY OF CURRENT BUSINESS
S-8 • February 1992
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1961-88
Annual
1989 |
1992
1991
1990
1990
Jan. |
Dec.
Feb. |
Mar. |
Apr. | May
June |
July
Aug. |
Sept.
Nov. |
Dec.
Jan.
3,419.86
3,226.30
3,549.48
75,085
Oct.
3. CONSTRUCTION AND REAL ESTATE-Continued
REAL ESTATE 0
[Thousands of units]
Mortgage applications for new home construction:
FHA applications
Seasonally adjusted annual rates
1173
Requests for VA appraisals
Seasonally adjusted annual rates
80
106
67
87
6.1
82
6.9
87
6.0
60
94
95
6.4
69
4,459.53 3,651.85
1 501 67 1 ,259 86
3,630.56
1,183.14
3,765.79
1,21077
5.8
85
1154
109.6
3.5
57
82
86
105
106
8.4
80
88
105
101
117
83
92
7.1
83
74
89
6.7
74
71
92
87
111
8.1
120
[Millions of dollars]
Home mortgages insured or guaranteed by:
Fed. Hous. Adm.: Face amount
Vet. Adm.: Face amount § .
45,893.24
1404180
Federal Home Loan Banks, outstanding advances to
member institutions end of period
New mortgage loans of SAIF-insured institutions,
estimated total @
By purpose of loan:
Home construction .
Home purchase
All other purposes
51,863.74
15787.10
3,686.16
93101
117096
117,096
1 52,230
10,526
141,794
2
186,567
2
2
24,952
142 432
2
19183
r2
r2
880
16 182
127272
'28776
r2
8651
112647
111,513
r
r
8,180
r
995
8,081
675
7023
480
r
682
6980
419
107,004
102,827
r
r
1 1,097
934
'9 688
475
r
13,600
1,106
12 007
467
3,723.18 4,070.27 4,444.38 4,828.99
1 17379
93910 1 311 15 1,58933
98,744
r
r
14,252
1,246
12 468
536
91,525
90,142
83946
80,143
78,784
79,065
12,746
12,239
10,591
12,374
12,134
15,081
1,285
1,205
11 498 M0967
494
'597
1,230
10552
456
1,027
9051
513
1,077
10883
413
879
10890
365
913
13584
584
141 694
94740
r
13,300
r
r
r
4,072.77 3,696.55
1,52980
4. DOMESTIC TRADE
ADVERTISING
[Millions of dollars]
Magazine advertising (Leading National Advertisers):
Cost total
Apparel and accessories
Automotive, incl accessories .
. .
Building materials
Drugs and toiletries
Foods soft drinks confectionery
Beer wine liquors
Houshold equipment supplies furnishings
Industrial materials
Soaps cleansers etc
Smoking materials
All other
Newspaper advertising expenditures (Newspaper
Advertising Bureau, Inc.):
Total
Classified
National
Retail
32368
32280
11 506
6711
2261
7672
2565
3948
16504
4122
962
3487
1065
11 916
16652
7401
2684
935
3782
4042
WHOLESALE TRADE t
[Millions of dollars]
Merchant wholesalers sales (unadi ) total
Durable goods establishments
Nondurable qoods establishments
Merchant wholesalers inventories, book value (nonLIFO basis), end of period (unadj.), total
Durable goods establishments
Nondurable goods establishments
1 728 059 1 790 321
r
842,065
885 994
876,182
914139
142295
67,374
74921
140101
64,989
75112
130923
62,188
68735
144696
70,164
74532
147 536
70,939
76597
151 460
71,311
80149
142711
69,060
73651
147164
70,183
76981
148417
71,644
76 773
145418
71,607
73811
157659
77,617
80042
67,998
73,696
142504
67,472
75,032
188,586
121484
67102
195,861
126560
69301
195,861
126560
69301
200,792
130628
70,164
200,356
131,344
69,012
198,017
130,016
68,001
196,316
129,997
66,319
192,743
127,981
64,762
190,525
125,687
64,838
191,427
127,149
64,278
188,557
125,480
63,077
189,023
123,980
65,043
r
194,670 195,354
123,926 '124,219
70,744 r 71 ,135
197,809
126,359
71,450
1,741,748
652 184
1,807,219
654,757
179,653
56,505
130,903
43,954
128,589
45,320
149,299
52,909
148,510
55,271
159,835
58,949
153,909
56,669
154,643
57,277
159,910
56,724
146,697
53,567
152,113 " 155,639 '181,477
54,213 '51,857 '58,122
92700
383596
91,493
1,089,564
204,387
345 069
117,791
91,426
173,894
62,495
20,033
92,524
381,961
92,983
1,152,462
211,933
362,410
131,725
94,731
182,044
68,557
20,813
5,683
27,112
6,495
6,876
32,191
7,234
8,558
33,185
7,150
9,282
35,031
7,518
8,701
33,792
7,342
8,787
34,262
7,562
8,556
33,182
7,676
7,994
31,793
7,144
83,269
12,965
27,452
9,484
5,784
13,809
5,686
1,537
93,239
16,370
29,552
10,382
7,533
15,506
6,049
1,642
150,967
100,886
18,091
32,652
11,219
8,004
16,596
6,296
1,790
103,186
18,595
32,518
11,572
8,918
17,450
6,231
1,922
152,160
53,725
53,490
153,195
54,117
93,130
16,189
29,757
10,560
7,508
15,476
5,882
1,653
152,658
53,235
152,710
54,074
97,240
16,983
31,650
11,090
7,503
16,801
5,989
1,772
152,642
97,366
16,153
31,993
11,298
7,339
16,797
6,065
1,884
151,092
96,390
16,778
31,276
10,241
7,890
15,560
6,298
1,716
151,467
53,390
54,619
7645
5,419
1,133
30,758
7488
5,380
1,110
7,836
5,675
1,114
7,814
5,666
1,120
7,882
5,805
1,080
7727
5,750
1,093
7,791
5,797
1,074
7,711
5,783
1,060
'7,674
'5,694
'1,087
'7,755
5,793
1,063
'8,176
31,149
30,849
31,307
31,238
30,691
31,943
32,129
'31,905
'31,970
'32,084
28,590
2559
7536
4,071
2.740
28,180
2669
7590
4,114
2.752
28,628
2679
28,593
2645
28,119
2572
29,352
'29,508
'2.576
'7,255
4,088
2.737
'29,414
'2,491
'7,355
'4,012
'2,593
'29,483
'2,487
7680
4,121
2.782
29,586
2543
7,430
4,034
2,658
r
r
<
RETAIL TRADE *
[Millions of dollars]
All retail stores:
Estimated sales (unadj.), total
Durable goods stores #
Building materials, hardware, garden supply,
and mobile home dealers
Automotive dealers
Furniture, home furnishings, and equipment ...
Nondurable goods stores
General merch. group stores
Food stores
Gasoline service stations
Apparel and accessory stores
Eating and drinking places
Drug and proprietary stores
Liquor stores
Estimated sales (seas adj ) total
Durable goods stores #
Bldg. materials, hardware, garden supply, and
mobile home dealers #
Building materials and supply stores
Hardware stores
Automotive dealers
Motor vehicle and miscellaneous auto
dealers
Auto and home supply stores
Furniture home furnishings and equipment #
Furniture home furnishings stores
Household aooliance. radio, and TV stores
See footnotes at end of tables.
5,626
25,656
6,705
86,949
123,148
32,454
12,335
32,809
29,451
10,667
11,709
5,641
12,696
13,927
15,075
5,771
7,500
1,629
2,501
r
r
150,21 9 147,71 7
r
T
50,767
52,661
6,558
26,507
9,784
'7376
r
5,390
r
1,093
•7253
r
5,115
1,087
r
' 30,678
" 29,038
r
r
28,1 12
r
2566
26,505
r
2533
r
r
r
r
7393
4067
' 2.625
7330
4,021
2,627
r
28,180
2578
7487
4,105
2.690
7607
4,124
2.724
54,212
7,762
5,752
1,089
31,562
28,885
2677
7555
4,034
2.736
7581
2591
7,536
4,063
2.726
' 136,576
'47,534
'6,985
'27,814
'9,860
1
6,426
' 28,466
1
6,675
97,900 '103,782 '123,355
17,795 "22,387 '32,925
30,613 r31,110 '32,541
10,843 r 10,524 '10,583
r
7,814
8,946 '12,746
15,962 '15,447 '16,144
'8,152
'6,216
6,239
2,334
'1,834
1,715
152,483 '152,505 '152,663
54,657 '54,247 '54,340
'89,042
' 12,918
'30,479
1
10,022
'5,850
'15,337
'6,081
8,283
31,700
7,427
r
7,345
' 28,763
'7,946
'7.469
4,079
2,636
7
153,538
'54,636
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1961-88
Annual
1989
1990
1990
February 1992 •
S-9
1991
Jan.
Dec.
Feb. |
Mar.
Apr. | May
June
1992
July |
Aug.
Sept. |
Oct.
Nov. |
Dec.
Jan.
4. DOMESTIC TRADE-Continued
RETAIL TRADE ^-Continued
[Millions of dollars— Continued]
All retail stores—Continued
Estimated sales (seas, adj.)—Continued
Nondurable goods stores
General merch. group stores
Department stores excluding leased
departments
Variety stores
Food stores
Grocery stores
Gasoline service stations
Apparel and accessory stores #
Men's and boys' clothing and furnishings
stores
Women's clothing, specialty stores, and
furriers
Shoe stores
Eating and drinking places
Drug and proprietary stores
Liquor stores
Estimated inventories, end of period:
Book value (non-LIFO basis), (unadjusted), total
Durable goods stores #
Bldg. materials, hardware, garden supply,
and mobile home dealers
Automotive dealers
Furniture, home furnishings, and equipment
Nondurable goods stores #
General merch. group stores
Department stores excluding leased
departments
Food stores
Apparel and accessory stores
Book value (non-LIFO basis), (seas, adj.), total ..
Durable goods stores #
Bldg. materials, hardware, garden supply,
and mobile home dealers
Automotive dealers
Furniture, home furn., and equipment
Nondurable goods stores #
General merch. group stores
Department stores excluding leased
departments
Food stores
Apparel and accessory stores
Firms with 1 1 or more stores:
Estimated sales (unadj ) total
Durable goods stores
Auto and home supply stores
Nondurable goods stores #
General merchandise group stores
Food stores
Grocery stores
Apparel and accessory stores
Eating places
Drug stores and proprietary stores
" 97 558
r
17 567
r
97857
18109
97742
18072
97477
18093
98636
18324
98430
17925
99078
18541
98770
18393
98039
18285
97826
18119
r
98 258 "98323
" 18 253 "17962
1
" 14 240
r
563
" 14 275 14815
r
588
593
r
30,673
30,483
r
28710
28509
r
11 312 10926
r
7,463
8,002
14704
591
30947
28977
10701
7856
14710
600
14864
607
31 125
29087
10746
8,147
14456
595
31251
29116
10663
8074
15044
600
30991
28 934
10618
14932
599
30,825
28778
10,735
8,155
14863
591
30941
28908
10476
7,982
14785
577
30882
28857
10466
7,873
"15002
r
590
r
30 970
r
28 958
" 10 620
r
7887
;
787
755
750
768
779
754
2836
1,484
15,791
6227
2828
15,816
6285
1 794
2787
1,518
15,907
2746
1,454
15,648
6281
1822
6271
2732
1,427
15,851
6328
r
30 669
28697
11 721
r
7770
96 950
17,559
r
r
30660
28686
10497
8103
8188
" 14 758
573
"31,114
"29067
"10489
"7,851
754
782
780
2641
1,508
r
15 305
r
5892
"1 806
"2476
" 1,395
r
15,338
r
5974
r
1818
2685
1,532
15,710
2698
1,466
15,513
6254
1769
2807
1,455
15,955
6245
1 760
237352
121 195
237352
121 195
236,304
120298
236,816
119389
235,947
116856
236,440
116894
235,386
117072
232,348
115004
232,148
112816
233,296
111 399
241,114
114739
15,893
15,782
66391
65292
16,843
17,003
1 1 1 755 116157
40,091
40,348
15,782
65292
16,843
116157
40,348
15,893
64692
16,597
116006
40,626
16,241
63807
16,386
117427
42,030
16,831
60975
16,405
119,091
43,220
16,639
60163
16,874
119,546
43,580
16,848
60134
16,795
118314
42,593
16,709
58508
16,664
117,344
42,069
16,319
56415
16,562
119,332
43,344
16,304
54433
16,609
121,897
44,448
16,221
55799
17,399
126,375
47,364
16,085
"16,269
'61 216 62156
"18,563
16,927
135,188 "136,727 121,446
42,974
52,300 "52,849
238,159
120663
31 946
25249
18,021
242,563
120629
31 946
25249
18,021
''241,860
r
120 488
32291
25193
17,645
244,071
121 217
33194
24757
18,771
241,179
119239
34370
25099
19,138
236,900
116,041
34839
24980
19,304
236,696
116,087
34017
25243
18,954
236,204
115490
33475
25282
18,706
235,098
114305
34466
24950
19,280
235,994
114754
35344
24852
20,156
236,757
115,279
37843
25073
20,835
239,745
117,437
42132 "42809
26152 "26715
21,539 "21,628
241,955 "242,186
118172 "117,735
34 824
26398
18,013
245,,014
118,174
16,590
64,179
17,140
117496
44,095
16,440
63,071
16,996
121 934
44,357
" 16,422
62,970
17,048
r
121 372
r
43,91 9
16,401
63,580
17,005
122854
44,824
16,241
61,942
16,893
121 940
44,341
16,199
59,357
16,723
120859
43,820
16,014
58,921
17,166
120 609
43,684
16,107
58,461
17,103
120714
43,905
16,160
57,390
17,039
120 793
44,171
16,286
57,688
17,022
121 240
44,465
16,452
58,327
16,709
121 478
44,567
16,518
59,631
17,058
122308
45,034
16,606 "16,807
60,472 "59,988
17,128 "17,140
123 783 "124,451
45,545 "45,599
16,738
60,019
17,150
126,840
46,716
34,226
23198
19436
34,990
25,008
19847
" 34,686
24,992
19847
35,563
25,325
19804
34,941
25,178
19738
34,752
25,273
19569
34,700
25,246
19558
34,925
25,336
19380
35,163
25,334
19405
35,569
25,226
19222
35,737
25,307
19,214
36,283
25,293
19,436
648 387
685 851
77143
7940
571 244
187,508
192,960
190359
50,066
44384
37521
81 101
8597
604 750
194,464
202,872
199992
53,297
45964
41 947
82401
10544
702
71 857
30,149
18,732
18316
7,570
49,228
5,265
611
43963
11,275
17,034
16820
3,039
47,817
5,213
582
42604
11,903
15,629
15,386
3,217
54,982
6,626
747
48356
14,934
16,488
16264
4,284
3761
3515
3418
3450
57630
720
13,872
451
17,093
3,457
58,497
741
14,454
465
16,945
4647
59,740
7,244
795
52496
16,504
18,173
17,940
4,602
4005
3,787
58,895
740
14,412
455
17184
57,115
6,948
794
50167
15,521
17,458
17240
4,287
4050
3,639
58,573
739
14,033
441
17,240
4,608
56,728
7,045
823
49683
14,688
17,718
17,494
4,149
4028
3,686
59,455
753
14,633
447
17168
4725
61,046
7,130
826
53,916
17,055
18,121
17,898
5,202
4993
57825
721
13,702
431
16959
4393
57,230
6,236
698
50994
15,399
17,846
17,570
4,616
3933
3,864
3,832
59,292
756
14,521
445
17,177
4,641
55,073
6,622
754
48,451
14,785
16,590
16,382
4,319
3,851
3,624
59,187
761
14,431
437
17,299
4,626
1 649
922
3806
1 645
946
3872
1,594
953
3,898
1,636
913
3,918
191,173
128,559
1,505
189,668
127,054
118,280
8,774
191,443
128,931
1,604
189,839
127,327
118,751
8,576
191,589
127,713
1,616
189,973
126,097
117,859
8,237
191,746
127,029
1,624
190,122
125,405
117,335
8,070
125,524
125,204
"774
r
r
233,000
121 245
31 248
23397
17,667
Estimated sales (sea adj ) total
Auto and home supply stores
Department stores excluding leased departments
Variety stores
Grocery stores
Apparel and accessory stores
Women's clothing, specialty stores, and
furriers
Shoe stores
Drug stores and proprietary stores
r
r
r
1546
905
3615
4361
1 538
896
3531
6154
1845
1 594
971
3786
1837
794
2801
1,501
15,615
6243
1783
3812
58,583
718
14,308
455
17,209
4536
3,597
58,317
741
14,308
453
16,942
4649
1,603
920
3849
1 652
965
3778
4717
1 689
945
3757
1510
4173
1,774
1788
"757
r
2715
"1,413
r
16,007
'6298
r
1781
1
98 902
18 337
15 067
1
31 ,332
1
29 188
;
10 639
1
7,800
751
2677
1,406
"16,575
"6369
7
16,689
6 282
1
1737
255,325 r259,288 240,104
120 137 ' 122 561 118658
16,141
59289
18,464
36,764
25,431
19,317
"36,714
"25,680
"19,520
58,428
6,849
817
"51,579
" 16,319
" 17,337
-17,115
r
4,534
"r 3,966
3,81 4
r
58,994
64,111
7,315
747
57,296
20,704
17,730
17,490
5,397
3,880
3,863
59,157
742
14,616
445
17,198
4,639
r
r
r
'752
14,410
r
431
" r17,21 8
4,628
r
1,617
r
r
911
3,948
37,770
26,104
19,860
1,640
904
3,930
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE AND POPULATION
[Thousands, unless otherwise indicated]
Not seasonally adjusted:
Noninstitutional population, persons 16 years of
age and over
Labor force @
Resident Armed Forces
„
Civilian noninstitutional population
Civilian labor force, total
Employed
*.
Unemployed .
Seasonally adjusted: 0
Civilian labor force, total
Participation rate, percent t
Employed, total
Employment-population ratio,
percent t
Agriculture
Nonagriculture
Unemployed total
:
Lorra term. 15 weeks and over
See footnotes at end of tables.
188,081
125,557
1,688
186,393
123,869
117342
6,528
66.5
189,686
126,424
1,637
188,049
124,787
117,914
6,874
66.4
190,483
126,247
1,617
188,866
124,630
117,287
7,343
190,592
125,200
1,615
188,977
123,585
114,990
8,595
190,717
125,672
1,602
189,115
124,070
115,151
8,919
190,703
125,903
1,460
189,243
124,443
115,639
8,804
190,836
126,183
1,456
189,380
124,727
116,678
8,049
190,980
126,315
1,458
189,522
124,857
116,624
8,233
125,144
124,740
125,067
125,250
125,644
125,259
66.3
117,476
63.0
62.7
3,199
114,142
3,186
114,728
i.375
1.504
62.2
3,284
114,192
7,668
1.774
66.0
116,977
61.9
3,194
113,783
7,763
1.869
66.1
116,937
61.8
3,237
113,700
8,130
1.985
66.2
116,834
61.7
3,124
113,710
8,416
2.144
66.3
66.1
66.2
66.0
117,388
116,730
116,909
116,729
62.0
3,187
114,201
8,256
2,180
61.6
3,256
113,474
8,529
2.213
61.6
3,286
113,623
8,615
2,488
61.5
3,244
113,485
8,475
2,355
125,004
65.8
116,484
61.3
3,254
113,230
8,520
2,417
125,590
66.1
117,089
61.6
3,283
113,806
8,501
2,422
191,903
127,182
1,614
190,289
125,568
117,555
8,013
125,508
192,057
127,001
1,605
190,452
125,396
117,110
8,286
125,374
192,209
126,712
1,604
190,605
125,108
116,549
8,559
125,619
192,358
126,671
1,599
190,759
125,072
115,122
9,949
126,046
66.0
65.8
65.9
66.1
116,867
116,772
116,728
117,117
61.4
3,204
113,663
8,641
2,570
61.3
3,272
113,500
8,602
2,623
61.2
3,183
113,545
8,891
2,843
61.4
3,166
113,951
8,929
3,059
SURVEY OF CURRENT BUSINESS
S-10 • February 1992
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1951-88
Annual
1989 |
1990
1990
Dec.
1992
1991
Jan. |
Feb. |
Mar.
Apr.
May
June |
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
LABOR FORCE-Continued
Seasonally adjusted 0—Continued
Civilian labor force—Continued
Unemployed—Continued
Rates $:
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
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
53
45
4.7
15.0
4.5
11 4
80
3.0
3.7
8.1
55
49
4.8
15.5
4.7
11 3
80
3.4
3.8
8.2
61
57
5.2
16.8
53
123
94
38
4.1
8.8
62
57
5.3
18.2
5.5
121
94
4.0
4.1
9.0
65
62
54
17.3
58
11 9
95
42
4.3
9.1
67
63
5.6
18.5
60
123
100
4.4
4.6
9.1
66
62
55
18.2
58
125
92
43
4.5
9.6
68
64
5.7
18.9
6.0
128
97
4.4
4.5
9.2
69
65
57
19.0
61
127
99
4.6
4.6
9.1
68
65
54
19.9
61
11 9
96
4.4
4.4
8.5
68
65
57
19.0
6.1
124
100
4.4
4.4
9.4
68
65
5.6
18.2
6.1
123
10.9
4.5
4.5
9.0
69
6.5
5.8
18.9
6.1
128
105
4.2
4.5
9.4
69
64
5.9
18.7
6.2
123
102
4.5
4.6
9.1
71
66
6.1
19.3
6.3
127
97
4.7
4.9
9.1
71
69
5.9
18.3
6.2
137
11.3
4.8
4.8
9.0
53
10.0
5.1
4.8
9.6
57
11 1
58
5.8
9.7
63
141
67
6.8
12.5
65
145
6.6
7.1
11.8
68
151
7.2
7.8
11.3
71
14.3
7.4
7.9
13.0
69
149
74
8.0
10.4
71
150
74
7.6
11.3
72
155
77
8.0
11.9
71
162
7.1
7.2
11.5
71
154
7.2
7.4
11.8
70
157
69
7.0
11.2
71
16.1
7.0
7.4
11.9
72
16.1
7.4
7.1
12.4
74
16.3
7.2
7.3
11.5
74
17.0
7.0
7.0
10.9
2.0
2.1
2.1
2.7
2.4
2.5
2.4
2.8
2.9
3.1
3.3
3.1
2.9
2.6
2.6
2.9
39
6.5
5.2
8.0
6.4
42
6.6
5.8
8.6
6.2
44
66
7.1
9.9
8.2
50
7.2
9.1
12.3
10.3
52
7.5
9.6
13.0
10.5
52
7.9
8.8
12.3
11.2
49
67
8.2
11.0
6.4
52
7.4
7.6
9.8
5.8
51
7.5
7.2
10.4
5.8
50
7.1
7.2
9.9
5.4
51
7.1
7.1
9.2
6.8
52
7.6
7.1
8.7
6.8
5.1
7.6
6.9
8.8
7.2
5.1
8.2
7.7
9.6
9.1
5.2
8.0
8.3
10.9
8.8
60
8.7
11.3
13.0
11.3
108329
90,550
109,971
91,649
110,409
91,756
107,979
89,646
107,887
89,204
108,147
89,373
108,590
89,825
109,304
90,493
109,836
91,294
108,607
91,145
108,687
91,416
109,421
91,257
109,796 ' 109,822 '109,668 P 107,331
91,084 ''90,952 '90,850 r 88,838
108,329
90550
71 108
25,322
693
5187
19,442
11 420
758
526
570
773
1,450
2,130
1,747
2,054
1,028
383
8,022
1,651
50
721
1,079
697
1,562
1,076
156
891
138
83,007
5,644
6,221
19,549
6,695
27120
17,779
2,988
4,182
10609
109,971
91 649
72538
24,958
711
5136
19,111
11 115
741
510
557
756
1,423
2,095
1,673
1,980
1,004
377
7,995
1,668
49
691
1,043
699
1,574
1,093
158
889
132
85,014
5,826
6,205
19,683
6,739
28240
18,322
3,085
4,303
10934
109,621
91 268
72519
24,375
715
4911
18,749
10828
714
493
539
742
1,395
2,054
1,628
1,902
989
372
7,921
1,672
49
671
1,017
695
1,565
1,095
159
873
125
85,246
5,867
6,166
19,579
6,733
28548
18,353
2,948
4,347
11,058
109,418
91 053
72,382
24,181
713
4,797
18,671
10,770
706
490
532
740
1,389
2,048
1,621
1,888
985
371
7,901
1,673
49
667
1,012
696
1,560
1,094
158
868
124
85,237
5,866
6,138
19,542
6,736
28,590
18,365
2,952
4,352
11,061
109,160
90771
72,239
24,039
715
4,792
18,532
10,652
696
482
527
726
1,365
2,036
1,611
1,859
982
368
7,880
1,679
49
661
1,010
694
1,553
1,093
158
861
122
85,121
5,834
6,119
19,464
6,732
28,583
18,389
2,951
4,354
11,084
108,902
90495
72,052
23,877
714
4,720
18,443
10,584
692
479
520
724
1,356
2,024
1,599
1,846
978
366
7,859
1,679
48
660
1,009
693
1,548
1,091
158
852
121
85,025
5,824
6,105
19,378
6,735
28,576
18,407
2,951
4,359
11,097
108,736
90,312
71,916
23,794
710
4,688
18,396
10,560
692
481
521
723
1,353
2,007
1,597
1,846
976
364
7,836
1,673
48
660
1,005
691
1,542
1,089
159
849
120
84,942
5,814
6,086
19,324
6,718
28,576
18,424
2,953
4,352
11,119
108,887
90,447
72,021
23,847
706
4,715
18,426
10,575
697
483
519
721
1,354
2,003
1,599
1,863
973
363
7,851
1,677
48
665
1,013
690
1,540
1,086
159
854
119
85,040
5,819
6,085
19,339
6,712
28,645
18,440
2,952
4,348
11,140
108,885
90,429
72,051
23,792
704
4,710
18,378
10,534
696
483
518
718
1,358
1,990
1,594
1,845
969
363
7,844
1,677
48
665
1,017
687
1,531
1,086
159
854
120
85,093
5,809
6,068
.19,345
6,703
28,712
18,456
2,971
4,359
11,126
108,859
90,439
72,037
23,798
701
4,695
18,402
10,546
699
478
520
721
1,359
1,984
1,589
1,861
968
367
7,856
1,660
49
671
1,032
689
1,532
1,084
159
857
123
85,061
5,809
6,064
19,347
6,688
28,733
18,420
2,963
4,338
11,119
108,971
90,557
72,115
23,826
693
4,691
18,442
10,553
700
483
523
722
1,361
1,980
1,585
1,868
966
365
7,889
1,685
50
670
1,031
692
1,531
1,088
160
861
121
85,145
5,820
6,050
19,343
6,687
28,831
18,414
2,967
4,337
11,110
109,066
90,642
72,228
23,797
684
4,699
18,414
10,531
696
482
522
719
1,358
1,980
1,581
1,861
967
365
7,883
1,676
49
670
1,034
692
1,530
1,090
159
862
121
85,269
5,829
6,049
19,338
6,692
28,937
18,424
2,979
4,328
11,117
109,073 ' r108,843 '108,846 ' 108,755
90,606 r 90,374 '90,326 ' 90,2214
72,037 '72,036 '71,986
72,229
23,727
23,595 '23,554 '23,492
674
'671
"667
679
' 4,587
4,671
'4,584
'4,593
18,377 'r 18,337 '18,290 '18,238
10,457 '10,415 '10,363
10,493
'697
697
698
'698
'478
'478
481
'479
517
'512
523
516
'702
'708
713
'709
'1,345
1,356
1,351
1,346
'1,936
1,968
1,955
'1,945
'1,563
1,573
1,572
'1,568
1,850
'1,840
'1,815
'1,853
'948
964
'949
'958
'367
367
'367
366
7,884
'7,875
'7,880
'7,875
'1,674
1,672
'1,669
'1,668
'49
'47
47
48
'674
'671
672
673
1,044
'1,039
1,043
1,039
'690
'690
691
691
'1,524
'1,524
'1,521
1,528
'1,095
'1,092
'1,091
1,092
157
'158
159
158
'859
864
'860
863
'119
"120
120
119
85,346 '85,248 '85,292 '85,263
'5,814
'5,798
5,828
'5,816
6,047
'6,034
'6,023
'6,009
19,288 '19,227 '19,215 '19,164
'6,695
6,697
'6,694
'6,693
29,019 '29,008 '29,043 '29,050
18,467 '18,469 '18,520 '18,531
'2,990
'2,982
'2,985
2,983
'4,341
'4,342
'4,345
4,332
11,152
11,146 '11,193 '11,196
73,400
13,269
74,254
12,974
74,340
12,694
72,309
12,485
71,903
12,362
72,079
12,319
72,530
12,327
73,188
12,389
73,941
12,491
73,811
12,384
74,074
12,579
73,920
12,606
73,782
12,554
'73,686
12,476
'73,605
'12,400
'71,675
'12,204
73,400
17,811
494
4,048
13,269
7,614
628
419
445
590
1,074
1,285
1,104
1279
511
279
74,254
17,471
510
3,987
12,974
7,371
610
403
433
574
1,048
1,259
1,055
1218
498
274
73,841
16,958
513
3,773
12,672
7,148
585
386
419
562
1,024
1,228
1,022
1 168
486
268
73,666
16,787
511
3,672
12,604
7,098
578
384
411
559
1,018
1,223
1,014
1 158
486
267
73,378
16,658
512
3,658
12,488
7,000
569
377
406
548
994
1,215
1,007
1,135
484
265
73,172
16,534
511
3,599
12,424
6,956
564
375
400
546
990
1,209
1,000
1,125
485
262
72,983
16,477
509
3,565
12,403
6,948
566
377
401
544
989
1,198
1,001
1,130
481
261
73,121
16,530
503
3,598
12,429
6,964
570
378
400
544
990
1,191
1,005
1,148
478
260
73,147
16,507
500
3,597
12,410
6,943
570
379
400
541
992
1,183
1,004
1,139
475
260
73,196
16,535
499
3,588
12,448
6,971
573
375
401
544
995
1,177
1,005
1,163
474
264
73,265
16,563
490
3,585
12,488
6,983
574
379
404
545
995
1,179
1,004
1,169
471
263
73,338
16,531
484
3,591
12,456
6,954
571
379
404
542
995
1.176
997
1,159
468
263
73,302 '73,125
16,493 '16,366
'476
481
3,577
'3,486
12,435 '12,404
6,933
'6,909
573
'572
377
379
404
399
'534
538
993
989
1,168 -"1,155
994
993
r
1,153
1,158
467
466
265
265
'73,080
'16,349
'474
'3,495
'12,380
'6,887
'572
376
'399
'533
'985
'1,154
'993
'1,146
'464
'265
'73,017
'16,284
'469
'3,487
'12,328
'6,836
'571
'377
'394
'527
'984
'1,146
'984
'1,123
'463
'267
EMPLOYMENT §
[Thousands]
Employees on nonfarm payrolls by industry:
Total not adjusted for seas variation
Private sector (excl. government)
Seasonally adjusted:
Total employees, nonfarm payrolls
Private sector (excl government)
Nonmanufacturing industries
Goods-oroducina . .
Mining
Construction
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment
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 misc. plastics products
Leather and leather products
Service-producing
Transportation and public utilities
.....
Wholesale trade
Retail trade . .
.
,
Finance, insurance, and real estate
Services
Government
Federal
State
Local
Production or nonsupervisory workers on private
nonfarm payrolls, not seas, adjusted
Manufacturing, not seas, adjusted
Production or nonsupervisory workers on private
nonfarm 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
Industrial machinery and equipment
Electronic and other electrical equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturina
See footnotes at end of tables.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1951-88
Annual
1990
1989 | 1990
Dec.
February 1992 • S-ll
1992
1991
Jan. |
Feb. |
Mar. |
Apr. |
May |
June
July]
Aug. [ S e p t . ]
Oct. |
Nov. | Dec.
Jan.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
EMPLOYMENT §-Continued
[Thousands]
Seasonally adjusted-Continued
Production or nonsupervisory workers—Continued
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
.-.
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather products
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
5,655
1 181
37
623
910
522
867
605
102
694
115
55,590
4,688
5,009
17327
4,849
23,718
5,603
1 200
36
593
874
524
873
603
103
688
109
56,783
4,835
4,985
17434
4,884
24,646
5,524
1 206
36
574
850
521
864
596
103
672
102
56,883
4,868
4,946
17321
4,863
24,885
5,506
1 208
36
571
844
522
860
594
102
668
101
56,879
4,869
4,924
17277
4,869
24,940
5,488
5,468
5,455
1213
1213
1207
36
565
843
522
855
592
102
660
100
35
564
842
521
851
591
102
651
98
35
565
840
519
849
591
103
649
97
56,720
4,840
4,904
17202
4,863
24,911
56,638
4,834
4,894
17132
4,862
24,916
56,506
4,825
4,879
17072
4,851
24,879
5,465
1,211
36
570
847
519
844
585
102
654
97
56,591
4,834
4,878
17083
4,854
24,942
5,467
1213
36
571
850
517
841
583
103
656
97
56,640
4,825
4,864
17,081
4,851
25,019
5,477
1 197
36
575
867
517
845
580
103
658
99
56,661
4,834
4,861
17078
4,837
25,051
5,502
1 216
37
574
865
521
845
580
103
663
98
56,807
4,847
4,850
17,061
4,829
25,220
5,505
1220
38
574
863
521
843
583
103
662
98
56,702
4,836
4,843
17,067
4,826
25,130
5,502
1,211
36
577
869
520
844
581
102
665
97
56,809
4,843
4£44
16,990
4,827
25,305
r
5,495
1,208
35
576
874
520
'840
'577
102
665
'98
'56,759
4,842
r
4,838
'16,951
'4,837
'25,291
'5,493
'1,206
35
579
873
521
840
'577
'102
663
97
'56,731
'4,827
'4,830
'16,929
'4,827
'25,318
'5,492
* 1,211
'36
'576
'869
'521
'839
'580
'102
'662
'96
'56,733
'4,844
'4,811
'16,881
'4,841
'25,356
AVERAGE HOURS PER WEEK §
[Hours]
Seasonally adjusted:
Average weekly hours per worker on private
nonfarm payrolls: 0
Not seasonally adjusted
Seasonally adjusted
Mining
Construction $
Manufacturing:
Not seasonally adjusted
Seasonally adjusted
Overtime hours
Durable goods
Overtime hours
Lumber and wood products
Furniture and fixtures
Stone clay and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment ...
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
Nondurable goods . .
Overtime hours
Food and kindred products
Tobacco manufactures $
Textile mill products
Apparel and other textile products
...
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products *
Rubber and misc. plastics products
Leather and leather products
-.
Transportation and public utilities
Wholesale trade
Retail trade
Finance insurance and real estate *
Services
337
34.6
34.5
34.7
34.6
430
379
441
382
448
383
41 0
408
38
41 6
3.9
36
413
407
3.5
41.3
41.2
40.8
40.1
40.2
395
423
391
420
420
41 0
43.0
41.6
42.4
40.8
42.4
41.1
39.4
42.7
41.3
41.9
40.8
42.0
41.1
39.5
42.3
41.1
42.1
40.7
41.5
41.2
39.3
40.2
40.0
40.0
3.6
407
3.7
3.6
408
3.6
40.0
38.8
3.6
38.6
40.9
36.9
43.3
37.9
42.4
44.3
41.4
37.9
39.2
39.9
36.4
43.3
37.9
42.6
44.6
41.1
37.4
40.9
39.9
39.4
36.6
43.5
37.8
42.9
43.9
41.0
37.3
38.9
38.0
38.9
38.1
39.0
38.3
289
358
288
358
287
362
32.6
32.6
32.8
33.9
34.3
34.1
44.4
36.2
449
402
399
40.4
40.3
3,4
3.3
39.4
38.5
37.0
3.3
40.7
3.2
42.0
40.6
41.6
40.3
41.5
40.8
39.0
39.3
37.5
41.7
41.5
40.7
41.5
40.5
41.0
41.0
39.3
39.9
39.8
3.4
3.4
34.0
34.2
44.6
37.2
34.0
34.0
44.3
37.8
34.2
34.3
44.9
38.2
34.7
34.6
45.0
38.7
34.5
34.1
43.9
38.6
34.7
34.3
44.5
38.7
34.7
34.5
44.1
39.0
34.4
34.3
43.9
39.1
34.3
34.4
34.7
34.5
'44.1
'37.7
'43.8
37.9
'33.8
'34.3
'43.6
'36.6
40.1
40.3
40.1
40.2
40.3
40.4
40.9
40.8
40.4
40.7
40.9
41.0
41.4
41.0
41.1
40.9
41.3
41.0
41.7
41.1
'40.6
'40.8
3.3
40.6
3.2
392
3.3
40.7
3.3
3.4
40.8
3.3
41.4
40.6
41.5
40.2
40.8
40.9
39.3
39.2
38.9
41.3
41.4
40.7
41.3
40.6
41.0
40.8
39.2
39.7
38.9
41.5
41.6
40.8
41.2
40.6
41.2
40.8
39.3
39.9
39.7
39.9
38.2
413
3.4
3.4
3.5
40.7
39.5
39.4
36.3
43.0
37.7
42.6
42.9
40.8
36.9
40.6
38.4
39.2
36.5
43.0
37.6
42.4
43.8
40.6
37.2
40.6
38.2
39.4
36.6
43.2
37.6
42.7
43.9
40.6
37.1
40.3
37.7
39.6
36.4
42.9
37.5
42.4
44.5
40.7
37.1
40.3
39.0
40.2
36.7
43.0
37.5
42.5
45.1
40.9
37.2
38.7
37.9
28.3
38.6
37.9
28.6
38.6
38.1
28.6
38.8
38.2
28.7
357
322
358
356
32.5
32.4
38.4
37.9
28.4
35.6
32.2
3.7
41.3
3.7
40.6
39.3
42.0
42.3
3.7
412
3.7
41.8
40,7
42.1
41.0
39.7
40.0
39.2
41.9
42.6
41.3
41.6
40.7
42.3
40.6
39.6
40.1
40.1
412
3.7
40.4
39.5
40.8
36.9
432
37.8
42.8
44.8
41.1
37.6
38.9
38.4
28.9
3.7
40.4
38.4
41.0
37.0
43.5
37.6
42.6
43.9
41.1
37.7
355
362
38.4
37.9
28.4
35.6
32.5
32.7
322
3.7
3.8
41.4
41.5
3.8
402
3.7
40.4
40.3
40.4
3.7
40.5
39.4
41.4
37.3
43.5
37.8
40.6
40.3
41.3
37.3
43.4
37.6
43.2
44.6
432
38.7
382
3.8
40.6
40.2
41.3
37.4
43.4
37.8
432
37.7
44.1
41.4
37.1
38.9
38.2
28.8
36.1
32.6
38.4
38.1
28.4
35.5
32.4
412
28.6
35.7
32.4
3.7
402
3.8
43.6
41.4
37.3
41.4
40.0
39.1
41.9
42.7
41.6
41.8
40.6
42.5
40.9
39.8
40.5
39.1
42.0
42.8
41.7
42.1
40.7
42.3
41.3
39.1
41.6
43.0
41.6
42.0
40.8
42.4
41.0
40.1
3.7
3.7
3.8
41.4
41.5
3.7
'40.5
'38.9
3.8
'40.7
'39.7
41.5
42.5
41.4
41.8
41.1
'42.4
'41.2
42.0
42.5
'41.7
'42.0
41.2
41.9
'41.2
39.7
40.0
40.5
"40.5
3.9
3.8
'40.9
'3.6
'41.1
'3.5
'40.4
'39.6
'41.3
'42.3
'41.3
'41.6
'40.7
'41.7
'40.9
'39.7
'40.3
'3.7
40.6
'40.4
38.5
41.4
37.3
43.5
38.1
^39.5
'402
41.6
37.5
M3.6
38.2
'43.4
'44.5
<43.6
'43.3
'41.0
'37.5
'43.3
'37.8
'42.9
'43.2
'41.4
'37.7
41.5
41.5
'38.4
'38.4
'37.7
'38.7
'38.2
'28.7
38.1
28.8
'35.6
32.5
'362
32.7
'38.1
'38.0
'28.7
'35.6
'32.4
AGGREGATE EMPLOYEE-HOURS §
[Billions of hours]
Seasonally adjusted:
Employee-hours, wage and salary workers in
nonagric. establishments, for 1 week in the
month, seas adj. at annual rate
Total private sector .
201.20
165.35
Construction
Manufacturing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government
Manufacturing
Durable goods
Nondurable goods
Service-producing
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
See footnotes at end of tables.
,.
203.33
166.54
201.00
164.01
201.30
164.35
199.81
162.99
200.94
164.32
925
38.77
11.74
12.10
28.82
12.56
48.80
37.03
38.66
11.68
11.99
28.54
12.36
48.55
37.00
38.81
11.73
12.09
28.86
12.49
48.93
36.86
38.96
11.76
12.12
29.07
12.64
49.35
36.86
38.99
11.66
11.95
28.57
12.30
48.65
36.82
121.5
104.0
120.9
102.7
120.0
102.5
121.2
120.7
103.8
65.0
64.3
1032
64.4
122.1
103.8
65.4
64.2
62.5
126.9
101.6
123.2
100.9
122.7
100.7
124.4
101.2
124.4
102.0
123.8
102.3
98.8
97.8
97.9
99.4
99.6
100.3
105.5
129.4
114.3
114.2
121.1
120.2
146.9
105.2
129.0
114.1
114.3
120.6
119.9
146.5
104.5
127.9
113.3
113.4
119.3
118.3
145.4
98.4
1052
105.8
130.3
114.8
114.5
121.5
121.3
148.5
106.0
1282
1072
1292
113.5
112.9
119.3
117.9
146.4
114.5
113.4
120.1
119.0
147.8
39.31
11.83
12.10
28.76
12.52
48.57
36.99
38.97
11.77
12.06
28.95
12.55
48.82
36.95
122.6
112.0
123.7
109.8
123.3
106.7
121.3
104.4
60.6
1393
64.1
1383
65.3
64.9
109.6
109.7
127.4
111.5
116.8
106.6
105.5
108.2
130.0
115.1
116.3
1233
1236
120.0
140.2
120.8
145.6
132.6
103.9
102.0
106.7
130.7
116.1
115.8
122.3
121.6
148.1
125.0
102.7
100.4
105.9
128.9
115.3
114.7
120.3
120.4
145.8
1096
201.73
164.87
1.60
9.28
39.68
11.92
12.28
29.22
12.72
49.15
36.79
10.21
200.76
163.90
1.63
9.33
11.81
12.29
29.47
12.57
48.39
36.70
4051
199.66
162.66
1.65
9.34
1.67
9.57
1.63
200.71
163.69
1.63
9.24
1.65
9.28
10.23
41 38
11.44
12.31
29.42
12.50
46.54
35.85
[1982=100]
Indexes of employee-hours (aggregate weekly): 0
Private nonfarm payrolls, total
Goods-producing
Mining
203.58
166.88
1.66
9.91
1.55
1.66
129.3
114.7
1142
120.6
119.7
147.1
202.10
165.16
1.57
9.36
1.60
925
3923
11.71
12.02
28.77
12.47
49.28
36.62
121 f5
104}4
622
123.3
:
!
1.56
9.30
39.17
11.82
12.02
28.96
12.61
49.65
36.95
'39.05
11.69
11.98
'28.49
12.36
49.43
37.27
122.3
104.4
121.3
104.0
60.9
60.2
124.9
102.9
100.0
107.0
1032
'201.13
163.86
130.3
115.3 !
113.6
1203
120.4
1492
'201.21
'163.99
1.55
'8.99
39.03
'11.64
'11.96
'28.79
'12.48
'49.56
'37.22
'121.5
'103.1
'59.9
'119.3
'102.6
'201.51
'164.46
1.53
9.15
'38.97
'11.67
'11.96
'28.68
'12.64
'49.87
'37.05
'121.9
'103.4
'592
'121.5
' 102.5
'99.1
'107.4
107.1
'107.4
'1302
129.7
129.0
'114.3
113.8
'113.7
'113.1
113.1
'113.0
118.7
'120.1 !I '119.6
'120.7
'1192
118.0
'150.3
148.8 : 1492
124.4
102.6
99.4
99.1
'200.37
'163.06
'1.52
'9.06
'38.66
'11.53
'11.87
'28.60
'12.43
'49.39
'37.31
'120.9
'102.2
'58.3
'120.3
'101.3
'97.5
'106.7
'1292
'112.9
'112.1
'119.2
'119.3
'149.1
SURVEY OF CURRENT BUSINESS
S-12 • February 1992
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, isei-es
Annual
1990
1989 | 1990
Dec.
1992
1991
Jan. | Feb.
Mar. |
Apr. |
May |
June |
July |
Aug. |
Sept. Oct. I Nov.
Jan.
Dec.
5. LABOR FORCE, EMPLOYMENT, AND EARNINGS-Continued
HOURLY AND WEEKLY EARNINGS §
[Dollars]
Average hourly earnings per worker, not seas,
adj.: 0
Private nonfarm payrolls
Mining
Construction
Manufacturing
Excluding overtime
Durable goods .
Excluding overtime
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Industrial machinery and equipment
Electronic and other electrical equipment ...
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
Nondurable goods
Excluding overtime .
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and misc. plastics products
Leather and leather products
Transportation and public utilities
.. ..
Wholesale trade
Retail trade
Finance insurance and real estate
Services
Average hourly earnings per worker, seas, adj.: 0
Private nonfarm payrolls
Mining
Construction
Manufacturing
Transportation and public utilities
Wholesale trade
. . .
Retail trade
Finance, insurance, and real estate
Services
[Dollars per hour]
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §§
Common labor
Skilled labor
Railroad wages (average, class I)
[Dollars]
Avg. weekly earnings per worker, private nonfarm: 0
Current dollars, seasonally adjusted
1982 dollars seasonally adjusted *
Current dollars, not seasonally adjusted:
Private nonfarm total
Mining
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
966
1002
1369
1378
10.83
1037
11 35
1086
9.09
13.26
13.54
10.48
1002
11 01
10.52
8.84
1019
1388
1392
1105
1057
1159
1108
9.11
1022
1420
1402
11.05
1062
1158
11 15
9.11
1023
1410
1393
1102
1061
11 55
11 14
1024
1409
1393
11.06
1064
11 60
11 17
1030
1412
1399
11.11
1069
11 65
1122
9.18
1031
1410
13.96
11.15
1072
11 70
1127
1031
1424
1388
11.19
1071
11 76
1126
9.36
1030
1031
1420
1416
1397
1403
1122
11 17
1074 * 1067
11 77
11 81
11 32
1125
9.34
9.36
1046
1435
14.15
11.27
1073
1189
11 33
9.41
1044
1414
14.13
11.25
1074
1187
11.34
9.35
825
852
869
861
910
865
910
867
870
923
867
875
878
882
888
885
10.82
12.43
1057
1J.40
10.05
1367
10.83
829
11.11
12.92
1083
11.78
10.30
1410
11.31
861
11.24
13.13
11 05
12.12
•- 10.55
1442
11.61
880
1123
13.17
1102
12.06
10.59
1441
11.64
878
11.19
1302
11 02
12.06
10.58
1434
11.65
870
1120
1317
11 08
12.13
10.55
1443
11.69
876
11.33
1321
11 11
12.10
10.63
1455
11.66
878
11.34
13.22
11 15
12.11
10.66
14.74
11,67
885
11.40
13.32
1120
12.16
10.74
1482
11.68
888
11.42
13.44
11 23
12.17
10.77
1491
11.71
883
11.41
13.42
11 23
12.15
10.78
1483
11.66
885
11.44
13.51
11 33
12.24
10.84
1506
11.74
890
11.41
13.48
11 30
1226
10.78
15.07
11.76
886
975
1012
9.69
9.61
1629
1033
1033
9.92
9.78
1616
1031
9.92
9.74
1612
1035
9.95
9.80
1735
1040
9.99
9.84
1756
1041
10.00
9.93
1801
1043
9.97
9.92
1838
1047
10.00
9.87
1831
1042
9.92
9.81
1658
1049
9.97
9.86
1603
767
802
816
817
813
816
820
822
828
827
836
842
6.35
11.96
10.88
13.09
15.41
9.46
659
1260
10.39
6.53
6.57
12.30
1125
13.55
16.23
9.77
690
12.96
10.79
6.76
6.64
12.51
11.37
13.87
16.63
10.02
709
13.18
11.04
6.90
10.24
10.12
6.61
12.51
11.37
13.83
17.01
9.99
709
13.17
11.08
6.89
10.30
10.14
6.63
12.56
11.36
13.85
17.06
10.01
711
1315
11.06
6.91
10.33
10.16
6.72
12.56
11.43
13.96
17.01
10.02
718
1319
11.12
6.98
10.36
10.19
6.73
12.63
11.39
14.01
16.89
10.08
715
13.17
11.11
6.97
10.36
10.21
6.77
12.66
11.44
14.05
16.85
10.08
715
13.16
11.19
6.98
10.42
10.19
6.79
12.78
11.49
14.16
16.87
10.11
710
13.25
11.14
6.98
10.36
10.13
6.80
12.72
11.56
14.06
16.80
10.11
710
1326
11.14
6.97
10.37
10.15
6.86
12.80
11.65
14.21
17.16
10.16
7.18
13.32
1124
7.07
10.53
10.33
10.47
9.98
9.85
1606
8.40
6.81
12.80
11.62
1425
17.14
10.13
7.18
1324
11.19
7.07
10.49
10.33
9.33
9.38
1531
988
9.80
1595
885
893
'11.47
13.49
11.36
12.29
'10.88
r
15.12
r
11.80
r
8.94
'11.49
'13.49
1142
12.36
'10.96
'15.15
'11.84
'9.08
MO 51
P 14.71
'14..06
'11.31
MO 85
'1185
'11.39
'9.38
^887
' 11.46
'13.42
'11 32
'1225
'10.90
'14.90
'11.84
'9.05
10.54
10.04
10.02
'1695
8.45
6.81
' 12.85
'11.62
' 14.27
r
17.38
10.18
r
723
r
13.26
r
1126
7.11
r
10.54
r
10.41
'10.62
'10.13
10.13
'1629
'8.50
'6.85
'12.94
'11.70
'14.35
'17.47
'1026
'7.31
'13.32
'11.35
'7.09
'10.68
'10.50
P 10.61
'10.16
'10.04
'16.68
'8.49
'6.83
'12.82
'11.66
'14.37
'17.67
'10.34
'7.32
'13.29
'11.33
'7.15
'10.66
'10.52
1046
'1429
' 14.00
r
11.31
'1079
r
1191
'11.38
r
9.37
r
r
'1049
1452
'14.12
'11.37
1085
'1196
'11.40
'9.39
953
997
9.38
9.83
6.65
12.54
11.44
13.77
16.51
9.96
707
1314
11.04
6.84
1024
10.11
9.66
1326
13.54
1048
12.60
10.39
6.53
9.53
9.38
10.02
1369
13.78
1083
12.96
1079
6.76
9.97
9.83
10.17
1389
13.87
1099
13.11
11.00
6.84
10.22
10.03
10.18
1404
13.95
11 02
13.15
11.00
6.86
10.17
10.03
10.20
1399
13.97
11 03
13.13
11.05
6.87
10.22
10.07
10.24
14.03
13.97
11 05
13.16
11.07
6.90
10.32
10.13
10.28
14.05
14.05
11 12
13.19
11.08
6.97
10.28
10.16
10.32
14.13
14.00
11.15
13.24
11.12
6.98
10.35
10.24
10.37
14.30
13.98
11.19
1323
1123
7.01
10.50
1029
10.36
1424
14.01
11.22
13.26
11.14
7.03
10.40
10.25
10.40
14.27
14.07
1125
13.30
11.22
7.04
10.47
10.30
10.41
14.34
14.04
11.25
13.27
11.23
7.05
10.55
10.32
10.40
14.24
14.02
11.26
1320
1121
7.06
10.49
10.29
' 10.44
' 14.38
'13.99
'11.31
'1325
'1126
7.09
'10.55
'10.37
'10.48
14.53
'14.08
'11.31
'13.29
'11.30
'7.10
'10.66
'10.42
'10.47
'14.54
'13.99
'11.30
'13.26
'11.30
'7.11
'10.60
'10.43
1782
23.17
15.68
1833
23.92
16.08
1861
24.36
15.99
18.61
24.61
15.65
18.61
24.35
15.85
18.61
24.35
15.48
1861
24.37
15.60
18.78
24.54
15.57
18.85
24.64
15,66
18.98
24.84
15.70
19.03
24.93
16.06
19.07
25.00
15.96
19.11
25.09
15.49
19.14
25.19
'15.10
19.14
25.19
15.18
19.14
25.19
33454
26422
345.69
259.72
351.88
25741
347.14
253.02
349.86
254.81
35021
255.07
349.52
253.83
353.98
256.32
358.80
259.25
353.28
254.89
356.72
257.00
359.15
257.82
356.72
255.90
'359.14
'256.35
'361.56
'257.52
'359.12
r 255.60
33424
570.18
513.17
42968
45802
391.95
490.14
394.82
18872
341.17
30579
345.69
603.73
526.40
441 86
46876
404.80
504.14
411.10
19469
356.93
320.46
353.59
631.54
533.14
45637
48562
418.37
513.77
423.94
19973
370.69
330.60
344.41
630.48
507.52
444.21
471.31
409.07
503.48
41621
190.44
365.57
324.85
346.80
626.04
515.41
439.70
466.62
406.21
504.41
417.72
192.92
368.74
327.52
348.16
619.96
518.20
443.51
469.80
409.86
503.65
419.17
194.17
367.75
328.17
350.20
619.87
528.82
445.51
472.99
410.80
506.50
421.45
197.53
368.82
329.14
352.60
624.63
533.27
449.35
476.19
414.32
508.36
42329
199.34
367.78
329.78
357.76
640.80
537.16
457.67
488.04
419.29
514.56
430.82
203.82
377.20
334.23
355.35
619.12
53924
453.29
480.67
417.75
515.43
424.43
204.51
368.82
330.24
357.76
630.12
542.96
456.85
484.92
422.01
515.81
425.55
204.22
370.21
331.91
362.96
642.88
551.85
466.58
497.00
427.99
520.81
431.62
203.62
380.13
336.76
359.14
627.82
552.48
462.38
493.79
425.08
511.06
427.46
200.79
372.40
334.69
358.78
'634.48
'527.80
'467.10
'495.46
430.03
'509.18
'429.01
202.64
'37522
'337.28
'364.00
'647.59
'535.15
'474.13
'504.71
'436.48
'516.82
'435.84
'207.03
'386.62
'343.35
'355.24
'641.36
'514.60
'459.19
'485.85
'425.46
'499.70
'427.14
'20020
'379.50
'338.74
EMPLOYMENT COST INDEX @
[June 1989=100]
Total compensation:
Civilian workers t
Workers, by occupational group:
White-collar workers
Blue-collar workers
Service workers
Workers, by industry division:
Manufacturing
NonmanufacturinQ
Services
Public administration
Wages and salaries: *
Civilian workers t
Workers, by occupational group:
White-collar workers
Blue-collar workers
Service workers
Workers, by industry division:
Manufacturing
NonmanufacturinQ
Services
Public administration
'
1076
1091
1102
111.5
112.2
1083
1065
1080
1098
1080
1094
110.8
1092
1104
112.1
1103
112.3
112.8
111.1
113.1
1072
1078
1102
1087
108.6
1094
111 5
110.8
110.0
1103
1120
1109
1112
111.7
113.8
112.2
1122
1123
114.6
112.6
1068
108.0
108.9
110.0
110.6
1074
1054
1068
1087
1066
107.8
1096
1074
108.9
110.8
1082
110.6
111.3
108.9
111.3
1062
1069
1092
1073
107.4
1081
1102
1091
108.4
1090
1107
1095
109.3
1102
112.4
110.6
110.3
110.7
113.0
110.9
HELP-WANTED ADVERTISING
Seasonally adjusted index 1967-100
See footnotes at end of tables.
151
128
108
100
97
95
95
94
96
92
91
92
88
89
89
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1961-88
1990
Annual
1989 |
February 1992 •
1990
S-13
1991
Jan.
Dec.
Feb. |
Mar. |
Apr. |
May |
June |
1992
July |
Aug. |
Sept. |
Oct. |
Jan.
Dec.
Nov.
5. 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, thousands
Days idle during month or year, thousands
51
44
2
0
2
1
7
7
5
0
4
3
6
2
1
0
452
16,996
185
5,926
4
436
0
354
3
240
2
257
298
823
19
533
37
462
0
272
6
283
4
272
12
306
10
362
1
416
0
393
17126
20184
2,514
2.4
18058
115,957
161.64
2483
2,976
2.7
3065
3,940
4.1
2529
15,818
166.83
2065
4,020
3.5
2382
14,514
169.51
3,996
3.7
2526
15,321
170.45
1 868
3,805
3.6
2486
15,142
170.01
1 642
3,213
3.0
2,242
13,629
170.47
2028
3,214
3.0
1 519
2,940
2.8
1 359
2,734
2.6
1 736
2,728
2.6
2,780
2.6
2603
'3,490
3.3
r
2,1 83
"13,259
r
171 .00
2977
4,170
3.9
2,793
17,374
172.97
"14.3
'35.5
r
21.2
"134.0
"157.94
15.3
36.8
23.9
UNEMPLOYMENT INSURANCE ±
State programs:
Initial claims thousands
Average weekly insured unemployment, thousands
Rate of insured unemployment, percent®
Total benefits paid mil $
Weeks of unemployment compensated, thousands
Average weekly benefit dollars
Federal civilian employees unemployment insurance
(UCFE):
Initial claims thousands
...
Average weekly insured unemployment, thousands
Total benefits paid mil $
Weeks of unemployment compensated, thousands
Average weekly benefit, dollars
Veterans unemployment insurance (UCX):
Initial claims thousands
Average weekly insured unemployment, thousands
Total benefits paid mil $
Weeks of unemployment compensated, thousands
Average weekly benefit, dollars
2,154
2.2
14260
97,937
151.68
1144
22.1
1317
24.1
143.5
1,085.6
132.21
159.0
1,077.5
148.04
116.9
132.9
15.1
1047
18.4
644.0
162.57
131 7
773.3
170.58
1737
10,903
165.25
115
153
34.7
18.9
38.9
23.2
129.4
146.35
155.9
149.13
9.4
11.2
20.5
18.8
11 3
64.1
175.57
132
74.9
176.03
90
36.1
19.8
130.6
151.87
8.0
18.3
104
59.5
175.60
1952
76
32.1
18.3
121.6
150.58
83
16.7
99
56.8
174.50
97
28.5
16.9
110.2
153.41
89
16.1
97
55.7
91
24.0
14.7
97.1
151.69
10.5
14.7
89
51.1
174.40
174.31
47,086
553,204
401,510
214036
187,474
151,694
46,438
542,315
393,918
206 500
187,418
148,397
1497
3,127
2.9
1891
1867
2135
1911
1681
1831
1681
11,336
170.49
13,031
169.16
11,636
169.02
10,199
170.70
11,079
171.27
10,206
170.79
10.5
24.7
13.1
85.4
153.65
10.8
16.4
88
49.4
178.06
160
28.9
16.9
109.2
155.02
15.3
19.8
122
67.0
181.53
141
10.0
29.3
17.3
10.0
28.6
16.1
30.8
18.8
112.6
154.03
104.0
154.46
120.7
155.50
15.2
22.8
14.0
78.3
178.92
14.4
25.6
155
84.7
182.90
17.0
28.2
183
102.1
179.60
11.6
30.3
17.6
110.9
158.56
14.2
27.9
17.6
95.6
183.74
r
"20.0
"41.6
"28.8
"151.7
"189.87
147.6
161.90
22.1
51.6
37.6
207.4
181.45
6. FINANCE
BANKING
[Millions of dollars]
Open market paper outstanding, end of period:
Bankers' acceptances
Commercial and financial company paper, total
Dealer placed
Directly placed
. .
Nonfinancial companies
Loans of the Farm Credit System: f
Total end of period
Lone-term real estate loans
Short-term and intermediate-term loans
Loans to cooperatives
Federal Reserve banks, condition, end of period:
Assets total #
...
Reserve bank credit outstanding, total #
Loans
U S Government securities
Gold certificate account
Liabilities total #
Deposits total
Member-bank reserve balances
Federal Reserve notes in circulation
All member banks of Federal Reserve System,
averages of daily figures: 0
Reserves held total
Required
Excess
Borrowings from Federal Reserve banks
Free reserves
•
Large commercial banks reporting to Federal Reserve
System, last Wed. of mo.:
Deposits:
Demand total #
Individuals, partnerships, and corporations
States and political subdivisions
US Government
Depository institutions in U S
Transaction balances other than demand
deposits
.
Nontransaction balances total
Individuals, partnerships, and corporations
Loans and leases(adjusted),total §
Commercial and industrial
For purchasing and carrying securities
To nonbank depository and other financial
Real estate loans
To States and political subdivisions
Other loans
Investments total
U.S. Treasury and government agency
securities total
Investment account
Other securities
See footnotes at end of tables.
62972
521,859
398,456
188580
209 876
123,403
54771
557,811
420,398
221362
119036
137,413
54,771
557,811
420,398
221 362
199 036
137,413
50707
30245
10020
10442
51 172
29416
10673
11 083
51 172
29416
10673
11 083
304,465
236,991
481
228,367
11 059
304,465
46430
38,327
241,739
327573
262,002
190
252,103
11 058
327,573
48228
38,658
267,657
327,573
262,002
190
252,103
11058
327,573
48228
38,658
267,657
326,206
258,471
180
249,194
11058
326,206
48,165
19,902
263,751
325,016
260,090
506
251,404
11058
325,016
46,505
22,109
265,915
315,305
250,069
244
240,965
11,058
315,305
35,405
24,067
267,391
62,810
61 ,888
2
922
2
265
2
677
59,150
57,456
1 665
326
1,362
59,150
57,456
1 665
326
1,362
50,992
48,824
2,168
534
1,661
48,551
46,743
1,809
252
2,971
48,586
47,408
1,179
241
991
248,307
197,212
7,248
278,721
218,263
9,315
4,831
28334
278,721
218,263
9,315
4,831
28334
214,004
172,260
6,755
1,491
18915
216,608
173,674
6,787
1,627
17,995
218,174
173,616
6,942
1,662
18,984
2
2
1865
24251
79,238
704,060
666,397
994,060
318,691
16,261
22,334
352,500
24940
259,334
223,349
156,556
140,002
66,793
56,498
568,723
419,541
216148
203 393
149,182
52,831
565,941
421,749
222169
199,580
144,192
48,795
561,923
415,705
225990
189,715
146,218
43,462
44,228
44,910
45,539
44,756
540,801 "543,563 "534,052 "532,107 "525,624 "529,699 i; 528,144
"400,292
"392,341
"394,731 403,576
"397,453
396,052 "398,313
206,187 205,510 206,702 213,516 211,801 213,350 ' 221,093
189,865 "192,803 "190,751 "186,776 "180,540 "181,381 182,483
144,749 145,250 136,599 131,815 133,283 134,968 124,568
51,262
29255
11,389
10,618
51,079
29152
11 190
10737
50849
29072
10474
11 304
333,357
353,061
289,394
218
281,831
11,059
333,129
272,481
112
266,148
11,058
353,061
49,783
29,413
287,906
333,129
40,595
29,195
280,117
53,057
52,165
892
108
786
"55,532
"54,553
55,813
54,809
1,004
233
772
244,247
194,355
8,342
3,397
22,503
255,000
204,158
8,845
2,158
23,508
321,636
36,000
27,404
273,809
274,061
153
267,675
11,059
333,357
44,061
25,513
276,792
329,519
271,992
106
265,213
11,058
329,519
34,129
27,246
282,027
50,607
49,521
1,086
764
622
51,127
50,198
929
645
586
51,584
50,501
1,083
261
834
216,086
174,760
6,609
1,299
18,887
218,221
173,948
7,304
1,610
19,243
221,790
177,964
6,984
1,634
20,553
318,978 317,879
251,848 254,985
206
291
244,493 248,111
11,058 . 11,057
318,978 317,879
33,263
36,330
26223
22,081
267,445 271,019
318,604
256,813
1,479
248,446
11,062
318,604
34,460
22,202
272,000
320,401
258,636
574
250,978
11,062
319,763
261,991
844
254,959
11,062
321,636
264,528
315
258,554
11,062
320,401
34,228
27,871
272,962
319,763
31,200
23,962
275,210
50,301
49,271
1,030
231
885
49,063
48,033
1,029
303
814
50,407
49,399
1,008
340
676
50,660
49,754
906
607
345
214,429
170,191
7,119
3,362
18,319
225,187
178,770
6,411
1,401
22,864
219,504
175,648
7,132
1,602
19,573
211,579
171,652
6,626
1,727
18,020
"979
192
"788
230,582
182,976
7,792
1,787
20,130
99,453
96,188 101,757
89,716
91,751
87,272
88,425
90,002
86,607
86,718
84,413
91,138
82,988
88,311
91,138
780,392
797,701 797,701 793,096 798,314 797,660 791,541 792,717 788,263 792,527 791,441 784,509 780,087 777,657 788,004
749,284
748,624
746,642
756,847
757,146
750,959
757,267
754,812
754,706
751,858
758,036
760,265
760,759
762,580 762,580
1,072,019 1,072,019 1,052,816 1,048,748 1,048,489 1,047,474 1,04li535 1,039,347 1,020,070 1,015,162 1,015,986 1,008,330 1,007,962 1,027,027 1,015,587
321,314 316,930 320,763 319,601 316,851 312,354 308,751 302,509 298,898 297,275 295,727 294,318 294,246 288,696
321,314
14,104
14,817
14,351
12,672
13,725
13,917
11,463
13,767
14,315
12,982
12,979
13,469
15,143
13,129
13,129
22,022
21,694
23,032
23,123
22,529
21,987
22,655
22,205
21,670
22,647
22,632
22,519
21,928
24,462
24,462
398,753 400,607 400,812 401,912 403,664 404,774 404,012 399,870 396,910 396,960 396,067 395,619 402,887 402,432
398,753
17,876
17,866
17,345
18,578
18,343
20,534
19,910
19,199
18,719
18,091
20,802
20,402
21,054
21,054
21,093
270,988
293,307 293,307 278,070 268,709 270,828 271,650 268,525 270,813 265,839 264,474 269,042 262,191 262,776 274,078
238 932 238,932
243,445 247,513 249,302 250,366 250,457 253,286 253,879 259,765 263,841 276,532 279,824 282,554 284,194
177,816
167,790
61,116
177,816
167,790
61,116
182,652
170,890
60,793
186,969
172,729
60,544
189,308
176,704
59,994
191,684
177,868
58,682
192,765
179,583
57,692
195,194
180,073
58,092
197,169
182,252
56,710
203,357
186,968
56,408
207,410
189,404
56,431
220,133
201,209
56,399
223,497
203,402
56,327
225,344
206,837
57,210
228,768
208,104
55,426
S-I4 • February 1992
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as
shown in BUSINESS STATISTICS, i96i-88
Annual
1989
Dec.
1992
1991
1990
1990
Jan.
Feb.
Mar.
Apr. | May
Sept.
Oct. |
2761.6
2,768.9
5126
5221
2,086.0
169.9
2,079.1
170.8
2,076.0
2,784.5
5382
172.2
2,074.1
June
July
27632
495.2
173.1
2,094.8
27633
5053
1720
Aug. |
Nov. | Dec.
Jan.
6. FINANCE-Continued
BANKING-Continued
[Billions of dollars]
Commercial bank credit, seas, adj.: §
Total loans and securities 0
U S Government securities
Other securities
Total loans and leases 0
25826
3945
1803
2,007.9
[Percent]
Money and interest rates:
Prime rate charged by banks on short-term
business loans
1087
Discount rate (New York Federal Reserve
Bank) @
2,7236
4542
175.6
2,093.8
27236
4542
1756
4541
1777
2,093.8
2,089.4
1001
1000
27212
2,799.3
5493
172.3
2,077.6
2,810.6
5603
173.3
2,077.0
27351
4580
27510
1776
1757
4851
1739
2099.5
177.6
2,102.0
2096.9
2,091.5
952
905
900
900
850
8.50
850
850
8.20
8.00
7.58
7.21
6.50
3.50
4714
27518
4792
27505
698
679
650
600
600
598
550
5.50
550
550
5.20
5.00
4.58
4.11
9.68
9.73
9.45
9.58
9.36
9.54
9.28
9.49
9.16
9.26
9.24
9.24
9.26
9.23
9.18
9.12
9.12
9.12
9.19
9.10
9.00
8.93
8.78
8.78
8.38
8.43
8.28
8.25
693
Federal intermediate credit bank loans
Home mortgage rates (conventional 1st
mortgages):
New home purchase (U.S. avg.)
Existing home purchase (U.S. avg.)
2
2
9.77
9.81
2
2
Open market rates, New York City:
Bankers' acceptances, 3-month
Commercial paper, 6-month tj:
Finance co. paper placed directly, 6-mo
8.87
8.80
8.16
7.93
7.95
7.53
7.60
7.49
6.95
6.96
7.02
6.59
6.36
6.41
6.14
6.24
6.36
6.20
5.92
6.07
5.91
5.75
5.94
5.72
5.94
6.16
5.75
5.89
6.14
5.81
5.54
5.76
5.50
5.38
5.59
5.34
5.21
5.33
5.12
4.85
4.93
4.76
4.42
4.49
4.31
3.97
4.06
3.95
Yield on U.S. Gov. securities (taxable):
3-month bills (rate on new issue)
8.120
7.510
6.810
6.300
5.950
5.910
5.670
5.510
5.600
5.580
5.390
5.250
5.030
4.600
4.120
3.840
' 732,1 84 '730,722 '732,256
742,548
335,258 '334,904
131,778 130,679
92,746 '92,373
37,359
38,651
37,424 '36,987
4,529
4,388
'91,628 '94,274
340,594
129,566
92,188
43,130
35,941
4,362
96,767
267,808
247,471
18,870
208,399
CONSUMER INSTALLMENT CREDIT t
[Millions of dollars]
Not seasonally adjusted:
Total outstanding (end of period) #
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers .
Savings institutions
Gasoline companies *
Pools of securifeed assets tt
By major credit type:
Automobile *
Revolving *
Mobile home '
Other *
730,901
748,300
748,300
736,399
729,264
725,462
727,907
727,717
728,023
727,754
731,531
342770
140832
93,114
44,154
57,253
3935
48,843
347466
137,450
92,911
43,552
45,616
4822
76,483
347466
137450
92,911
43,552
45,616
4822
76,483
341426
134965
91,991
40,945
44,939
4766
77,367
339,282
133,021
91,131
38,864
43,875
4,404
78,687
335,754
131,552
90,772
38,497
42,491
4,296
82,100
336,425
133,462
91,413
37,817
41,707
4,357
82,726
334746
134,045
91,549
36,782
40,764
4,507
85,324
333,442
133,903
91,924
36,702
39,827
4,591
87,634
334,273
134,120
92,017
36,392
39,012
4,712
87,228
335662
135,509
92,843
37,296
37,893
4,857
87,471
290705
210310
22240
207,646
284813
232 370
20,666
210,451
284813
232 370
20,666
210,451
282214
223606
20,614
209,965
279,913
220,714
20,362
208,275
277,798
221,400
20,030
206,234
277,508
VVfiyj
20,052
207,720
275,582
224,301
19,721
208,113
275,018
225,596
19,875
207,534
274,222
226,145
19,639
207,748
274,190
229,224
19,468
208,649
'273,354 272,092 '268,927
231,281 231,862 '235,675
18,996
19,026 '19,021
'208,553 '207,742 '208,633
735102
732962
732,762
732442
733,621
732289
730,591
729,962
729,108
r
729,1 52 '730,317 '730,147
728,425
284,585
220,110
20,919
209487
283,746
219,588
20,459
209170
282,626
221,556
20,200
208,379
280,689
224,817
20,123
206,813
276,494
227,301
19,796
208,697
271,906
229,453
19,495
208,253
-629
-854
'270,219 270,013 '268,123
232,070 233,661 '234,666
18,943 '19,059
18,892
'207,971 '207,700 '208,300
'44
'-170
'1,165
267,434
234,459
19,109
207,424
-2140
274,496
227,737
19,907
208,451
-1,698
273,565
228,199
19,615
208,582
-1,309
279,746
225,994
20,098
207,782
1,179
173
-1580
427
-839
-522
-460
-317
-943
-3252
1,307
-1998
436
111
-931
-1659
1,254
Seasonally adjusted:
Total outstanding (end of period) #
By major credit type:
Automobile
Revolving
Mobile home
Other *
Total net change (during period) #
By major credit type:
Automobile
Revolving
Mobile home
.
Other *
. . .
-330
-200
-320
-1,120
1,968
-1,937
3,261
-77
-1,566
-259
-791
1,177
-25
969
-1,332
-302
915
-246
462
-292
131
-120
-329
335,509
132,471
93,305
37,281
37,036
4,753
' 91 ,829
'-1,687
2,617
-603
'-282
'-206
1,591
51
'-271
'-1,890
'1,005
'116
'600
-1,722
-689
-207
50
-876
FEDERAL GOVERNMENT FINANCE
[Millions of dollars]
Federal receipts and outlays:
Receipts (net)
Outlays (net)
Total surplus or deficit (—)
Federal financing total
Borrowing from the public
Gross amount of debt outstanding
Held by the public
Federal receipts by source and outlays by
agency:
Receipts (net) total
Individual income taxes (net)
Corporation income taxes (net)
Social insurance taxes and contributions
(net)
Other .
Outlays (net) total
Agriculture Department
Defense Department military
Health and Human Services Department
Treasury Department
National Aeronautics and Space
Veterans Affairs Department
'990,701 '1,031,308
'1 142691 '1251,766
1
'-220,458
-151 ,989
1
'220,458
151 ,989
1
140 369 '298,824
'10,796
'1 1,620
101,900
109,212
-7,311
7,311
19,700
12,389
100,713
99,023
1,690
-1,690
31,764
33,524
'2,881,112 '3,266,073 3,397,325 3,443,129
'2,204,270 '2,470,166 2,568,907 2,600,015
78,068
67,657
63,560 103,389
78,593
76,426 '109,345
64,805 140,380
93,834 105,876 110,249 116,906 105,849 119,384 120,071 '116,176 '114,042
'-6,831 '-35,974
-2,460 -40,791 -43,645
-26,177 -41,071
30,131 -53,346
'6,831 '35,974
41,071 -30,131
53,346
2,460
40,791
43,645
26,177
40,657
34,434
32,574
27,970
41,742
10,715
34,611
-9,913
-9,399
21,141
4,681
-6,357 -10,079
20,732 -11,604
8,255
8,531 -50,758
4
3,488,624 3,491,694 3,470,530 3,522,261 3,562,942 3,597,294 3,636,298 3,598,91 9 3,651,127
2,634,626 2,624,714 2,615,217 2,656,959 2,667,674 2,702,107 2,734,682 '2,687,168 2,727,824
73,194 103,662
'117,731 '106,094
'-44,537 '-2,432
'44,537
'2,432
25,641
22,825
20,181
-19,826
104,040
119,742
-15,702
15,702
11,449
-4,253
3,681,196 3,736,276 3,743,534
2,753,465 2,776,290 2,787,739
'990701 '1,031,308
'474,235
'445,690
'96,945
' 103,291
101,900
46,471
22,523
100,713
50,882
3829
67,657
27,929
2,495
64,805
11,288
12,807
140,380
77,768
13,296
63,560
20,005
2,032
103,389
44,517
16,540
78,593
38,403
1,770
76,426
34,560
1,306
'109,345
47,979
18,580
78,068
39,332
1,171
73,194
31,987
1,516
103,662
41,722
21,719
104,040
60,451
2,992
'388,944
'359416
'82,392
'96,369
'1,142,691 '1,251,766
'50,117
'48414
'296,559
'294,876
'399,774
'449,829
'261,117
'230,573
25,480
7,792
82,160
5,353
25,168
38,133
46,544
39,604
7,487
33,045
7,665
105,876
5,051
14,852
39,555
19,860
42,478
6,838
110,249
5,208
20,841
41,445
17,714
34,546
6,977
116,906
5,061
24,091
43,040
22,821
34,758
7,574
31,504
9,056
120,071
3,085
27,065
43,271
19,136
28,435
9,132
31,502
8,189
'116,176 '114,042 '117,731
6,376
5,926
3,525
21,006
22,765
24,780
42,710
44,655
39,616
17,457
16,044
21,486
30,996
9,225
'106,094
5,761
23,094
43,576
49,929
31,832
8,765
105,849
3,818
21,090
42,792
47,297
30,360
8,061
119,384
4,029
23,066
41,897
16,646
34,042
8,317
99,023
4,553
20,868
38,931
17,165
29,872
7,361
93,834
3,145
24,940
39,162
18,754
119,742
4,372
24,806
44,126
18,296
'11,036
' 30 041
'13,164
' 30 575
1,396
2428
851
948
1,063
2,576
1,139
1,220
2716
3184
1,235
3668
1,030
1,164
1,089
2654
1,201
3,659
1,148
1,313
1,251
3,048
1,194
4,039
1,308
2,614
1,035
2,445
11 059
381.28
11061
384.08
11 058
378.16
11 058
383.64
11 058
363.83
11 058
363.34
11 058
358.39
11 057
356.82
11062
366.72
11 062
367.51
11 062
356.23
11,062
348.79
11,059
358.68
11,058
359.53
361.06
354.45
5.499
4.819
4.068
4.028
3.723
3.960
3.970
4.040
4.390
4.300
3.940
4.030
4.100
4.060
3.910
4.120
GOLD AND SILVER:
Gold:
Monetary stock U S (end of period) mil $
Price at New York, dol. per troy oz. t*
Silver:
Price at New York, dol. per troy oz. **
See footnotes at end of tables.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, isei-ss
Annual
1989 |
February 1992 •
1990
1990
Dec.
S-15
1992
1991
Jan. |
Feb.
Mar.
Apr. [
May
June
July |
Aug. |
Sept.
Oct. |
Nov. | Dec.
Jan.
6. FINANCE-Continued
MONETARY STATISTICS
[Billions of dollars]
Currency in circulation (end of period)
Money stock measures and components (averages of
daily figures): t
Measures (not seasonally adjusted):
M2
M3 ,
L (M3 plus other liquid assets)
Components (not seasonally adjusted):
Currency
Demand deposits
Other checkable deposits $*
Overnight RP's and Eurodollars 0
General purpose and broker/dealer money
market funds
Money market deposit accounts
Savings deposits
Small time deposits @
Large time deposits @
Measures (seasonally adjusted):
M1
M2
M3
L (M3 plus other liquid assets)
Components (seasonally adjusted):
Currency
Demand deposits
Other checkable deposits ±±
Savings deposits
Small time deposits @
Large time deposits @
260.4
287.0
287.0
7834
3,130.3
3 990.8
47922
8122
32932
40914
49296
r
844i
'3345.2
'4,124.5
'49865
'8327
'33437
'41289
'49980
'8233
'33503
'4 150,1
'50028
2176
280.4
278.1
792
2355
2775
2912
81 1
'2495
2899
r
296.9
'747
2498
'2774
'297.7
'719
'2526
268.0
294.9
'704
2556
2701
'301.6
'692
2771
476.3
4054
1 1090
565.3
3320
501.1
4109
1 1557
533.9
'3659
'3738
(3)
(3)
'•*9177
'1,1619
'500.0
'^9175
'1 1653
'500.1
'^9258 '^9434
'1 1648 '1 1586
'505.4
'501.3
'J9560
'1 1500
'4944
'^9655
'1 1389
'493.8
'J9808
'1,1281
'488.7
'^9905
'1 1228
'477.4
'^9962 '51 0008 ^l 0133 '51 0285 'J 1 038 6
'1 1135 '1,1052 '1097.6 '1,081.4 '1,065.4
'450.2
'441.9
'474.5
'465.6
'435.5
'826.1
'3,332.4
'41144
'4,966.7
'8262
'3336.5
'41251
'4,980.1
'8362
'3,361.4
'4 1596
'5,008.0
'8422
'3,378.5
'41653
'5,004.7
'8427
'3,385.7
'41680
'4,979.0
'850.8
'3,396.4
'41700
'4,958.7
'8572
'3,402.8
'41675
'4,987.1
'8600
'3,400.6
'41572
'4,993.1
'866.5
'3,403.7
'41575
'4,990.2
'898.1
'3,442.2
'4,175.1
4,991.9
910.6
3,452.1
4,180.5
'246.8
'2771
'293.9
r3
920.7
'1,162.1
'5013
'251.5
'2718
'294.6
'J922.0
'1,162.1
'5034
'254.6
'2759
'297.5
'J930.7
'1,161.7
'507.0
'256.0
'2769
'301.2
'5941.4
'1,157.9
'5006
'256.3
'2761
'302.5
r3
952.7
'1,151.0
'4960
257.6
'2801
'311.6
rj?
976.5
'1,132.0
'487.0
'259.3
'2793
'313.6
r3
985.8
'1,123.1
'477.9
'264.8
'266.0
'267.3
'261.3
'262.9
'283.8
'287.6
'289.5
'280.1
'280.6
'329.7
'324.5
'333.2
'317.3
320.6
'J993.7 "3 1,002.2 '^1,015.0 rjM, 028.7 '•* 1,042.5
'1,114.3 '1,106.0 '1,095.6 '1,080.5 '1,065.1
'442.2
'437.1
'472.2
'463.7
'450.0
269.4
293.9
339.0
3
1,061.4
1,044.9
427.4
'3468
(3)
286.7
'3562
(3)
293.4
291.5
8350
'8530
'33800 '3401 7
'4171 0 '41822
'5011 9 '4991 4
2560
'2777
'311.8
'696
'3730
(3)
'8674
'8754
'34005 '3415.7
'4 146.9 '4152.7
'49736 '49807
'8939
'3,437.6
'4,173.0
'50089
'9173
'3,456.1
'4,185.8
50131
918.3
3,460.1
4,185.6
'261 7
'278.6
'318.7
'664
'2631
'283.7
'320.6
'695
266.3
'291.1
'328.8
'733
2700
'303.1
'336.5
'756
267.9
300.0
342.5
77.9
'361 8
'3607
'3598
'3606
'3591
(3)
(3)
(3)
(3)
(3)
'841 6
'33796
'4,1565
'49437
'8580
'33990
'41650
'4 975 1
'8623
'34038
'41585
'49846
'8645
'3,403.3
'4,1609
'49847
2574
'2717
'304.8
'684
2591
'2798
'311.0
'679
2608
'2809
'312.1
'649
2620
'278.8
'315.1
'673
'3651
(3)
'3642
(3)
r
256.6
'2784
'307.7
r3
965.8
'1,142.1
'492.3
'3633
(3)
'8720
'3,408.2
'41546
'4,982.6
'880.9
'3,420.3
'4161.8
'4,990.7
'891.4
'3,434.4
'4,1708
'5,001.0
360.2
(3)
J
1 055.6
1,048.1
424.4
PROFITS AND DIVIDENDS (QTRLY.)
[Millions of dollars]
Manufacturing corps. (Bureau of the Census):
Net profits after taxes all manufacturing
Food and kindred products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Stone ' clay and glass products
Primary nonferrous metal
Primary iron and steel
Fabricated metal products
Machinery (except electrical)
Electrical and electronic equipment
Transportation equipment (except motor vehicles
and equipment)
Motor vehicles and equipment
All other manufacturinQ industries
Dividends paid (cash) all manufacturinQ
18,524
5433
136490
16545
1 416
7047
24523
19512
1 968
3785
1 512
5515
9666
9663
111 319
16074
18781
2295
18295
4992
22,988
5161
429
4817
23412
17967
-916
2516
-20
614
-10
868
202
792
225
882
5322
4843
-474
5242
4889
-542
5363
2591
5,812
1606
170
467
583
-521
-259
103
355
-51
264
274
15
4638
11205
6409
3346
4315
8349
22674
5065
-552
19756
870
940
-2105
3637
65244
62197
15954
125 047
29,002
127933
34,693
14743
1,977
7820
1,912
11962
2,329
11 158
1,981
34320
28210
28210
27390
28860
(2\
7040
18505
8050
19285
8050
19285
7435
18825
7190
19435
H
66.1
66.0
67.6
67.6
69.0
8.836.27
10.892.70
820.37
1,074.13
1,689.18
502
491
1 117
1 507
90
79
2215
-1,278
-1,976
2545
1498
-1,294
4459
-1,678
5720
14613
14872
14681
-1 238
1873
309
53
SECURITIES ISSUED
[Millions of dollars]
Securities and Exchange Commission:
Estimated cross proceeds total
By type of security:
Bonds and notes corporate
Common stock
Preferred stock
By type of issuer:
Corporate total #
Extractive
Public utility
Transportation
Communication
Financial and real estate
State and municipal issues (Bond Buyer):
Lone-term
Short-term
(M
()
11995
2,033
15,279
1,950
16,402
9,252
13,075
3,826
17,893
7,508
13,859
1,236
13,905
1,137
19,005
2,364
18,826
2,019
67.1
68.0
66.9
68.1
69.0
69.5
71.4
71.0
71.1
73.0
924.05
880.40
1,104.51
899.00
1,037.61
1,274.73
SECURITY MARKETS
[Millions of dollars, unless otherwise indicated]
Stock Market Customer Financing
Free credit balances at brokers, end of year or
month:
Maroin-account
Cash-account
(2)
Bonds
Prices:
Standard & Poor's Corporation, domestic municipal
(15 bonds) dol per $100 bond
Sales:
New York Stock Exchange, exclusive of some
stoDoed sales, face value, total
See footnotes at end of tables.
67.3
1,248.14
1,094.59
1,002.50
854.25
889.76
SURVEY OF CURRENT BUSINESS
S-16 • February 1992
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as
shown in BUSINESS STATISTICS, 1961-88
Annual
1989
|
1990
1990
Dec.
1992
1991
Jan. |
Feb. |
Mar. |
Apr.
May
June |
July |
Aug. |
Sept.
Oct. |
Nov. I
Dec.
Jan.
6. FINANCE-Continued
Bonds-Continued
[Percent]
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)
US Treasury bonds taxable*
Stocks
Prices:
Dow Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
Standard & Poor's Corporation, 1941-43=10
unless otherwise indicated. §
Combined index (500 Stocks)
Industrial, total (400 Stocks) #
Capital goods
Consumer goods
Utilities (40 Stocks)
Transportation (20 Stocks), 1982=100
Railroads
Financial (40 Stocks), 1970=10
(subcategories in 1941-43=10)
Money center banks
Major regional banks .
Property-Casualty Insurance
N.Y. Stock Exchange common stock indexes,
12/31/65=50:
Composite
Industrial
Transportation
Utility
Finance
NASDAQ over-the-counter price indexes:
Composite 2/5/71=100
Industrial
Insurance
Bank .
NASDAQ/NMS composite, 7/10/84=100
Industrial
Yields (Standard & Poor's Corp.), percent
Composite (500 stocks) 0
Industrials (400 stocks)
Utilities (40 stocks)
Transportation (20 stocks)
Financial (40 stocks)
Preferred stocks 10 high-grade
Sales:
Total on all registered exchanges (SEC):
Market value, mil. $
Shares sold millions
On New York Stock Exchange:
Market value mil $
Shares sold (cleared or settled) millions
New York Stock Exchange:
Exclusive of odd-lot stxk sales (sales
effected) millions . .
.
NASDAQ over-the-counter:
Market value, mil.
mil $
Shares sold, millions
Shares listed, NYSE, end of period:
Market value, all listed shares, bit. $
Number of shares listed, millions
966
9.77
9.63
962
936
943
933
932
945
942
916
903
899
8.93
875
8.64
926
946
974
1018
932
956
982
1036
905
939
964
1043
904
934
961
1041
883
916
938
1007
893
921
950
1009
886
912
929
994
886
915
941
986
901
928
955
996
900
925
951
989
875
899
926
965
861
886
951
855
883
908
949
848
878
901
945
831
861
882
926
820
851
872
913
966
9.66
977
9.76
968
9.57
968
956
941
931
947
939
935
930
934
946
944
942
940
916
898
899
893
893
861
9.16
902
903
874
9.29
8.76
8.67
723
7.24
858
731
7.25
874
714
7.04
831
700
7.05
833
701
6.90
812
714
7.07
838
701
7.05
829
697
713
700
685
673
669
678
658
6.95
7.09
7.03
6.89
6.80
6.59
6.64
6.63
6.41
833
854
850
817
796
788
783
758
748
922.30 1,022.63 1,034.12 1,043.14
2,587.60 2,863.04 2,920.11 2,925.53
205.27
213.69
213.15
214.36
3
962 42 1 11026 1 11324 1 13905
1,049.29
2,928.42
211.18
1 16755
1,062.35
2,968,13
204.62
1 205 08
1,060.65
2,978.18
199.64
1 204 56
1,069.71
3,006.08
204.42
1 204 66
1,067.44
3,01035
208.03
1 18239
1,087.94
3019.73
213.54
1 283 07
1,082.22
2,986.12
216.67
1 237 09
1,077.52
2,958.64
219.27
1 233 31
1,166.27
3,227.06
215.72
1 378 73
385.92
454.97
29410
56832
14666
315.86
29312
388.51
458.00
290.14
59637
14881
312.73
291 18
416.08
493.37
320 61
632 83
14970
340.35
30220
31.22
(i)
966.86
2,508.91
205.72
1 194 30
965.24
916.30
2,678.94 2,610.92
211.53
210.55
1 040 24
90843
9 11
322.84
370.28
27870
39817
13216
271.78
19731
334.59
390.88
282.47
43392
14016
254.32
20285
328.75
384.75
26673
45062
14446
232.89
19587
32549
382.78
26772
44365
13838
241.37
19792
362.26
427.94
309.18
50443
14319
270.36
21840
372.28
441.87
30868
52829
14284
267.91
21422
379.68
450.17
30643
54689
14313
273.89
?99 37
377.99
450.05
302.67
54340
13866
284.72
23356
37829
450.87
30936
54025
13573
296.23
24613
380.23
453.38
30625
54798
13775
294.32
24747
389.40
463.26
30928
57651
14088
295.57
25897
38720
459.11
30357
56752
14284
295.12
26441
38688
457.39
30065
56488
14454
314.42
29059
30.24
11614
12218
326.34
26.12
8550
95.53
342.56
23.53
7538
8351
343.99
23.20
7042
7910
341.84
27.75
8299
9977
391.74
2864
81 17
10297
394.93
30.27
8843
10972
410.25
29.81
9036
114.71
383.37
30.18
9436
11800
384.04
2989
91 89
11679
387.98
31 48
9894
12937
369.58
31.43
9757
12596
360.16
9910
9641
126.29
361.93
125.65
376.83
31.21
9272
127.76
392.32
34.36
10513
141.08
412.66
180.02
21623
17528
87.43
151 88
183.46
22578
15862
90.60
13326
179.57
221 86
141 31
91.56
12218
177.95
22069
14589
88.59
121 39
197.75
24674
16606
92.08
141 03
203.56
25536
16626
92.29
14541
207.71
26014
16689
92.92
15263
206.93
26013
17076
90.75
151 31
207.31
261 16
177.04
89.00
15231
208.29
26248
17715
90.05
151 59
213.33
26821
17851
92.38
15769
212.54
26621
17799
93.71
15768
213.09
26568
195.74
95.24
15894
213.25
264.88
188.52
96.77
159.77
204.11
253.42
176.84
93.38
152.42
229.33
286.6?
201.55
99.30
174.49
43780
428.38
50475
45708
191.02
16751
40921
430.57
471 43
31903
179.36
17017
37021
400.89
44944
25516
163.42
16024
37668
412.83
44896
25405
166.62
16544
442.59
491.45
50923
291 19
196.23
19717
46910
527.06
53217
30359
207.51
21074
49632
558.44
56243
32516
219.21
??9Q7
490.93
545.97
55437
32981
216.55
21743
490.38
545.84
54664
32937
216.34
21740
489.34
544.01
54150
324.18
215.87
21661
51325
570.78
54298
339.54
226.77
22768
520.56
582.35
53878
34202
229.72
231 95
528.92
593.57
53188
33782
233.23
23618
536.58
604.36
556.99
328.83
236.64
24047
544.10
617.10
561.90
326.63
240.48
234.99
615.73
707.59
617.22
368.12
272.66
301.41
345
301
6.39
214
373
9.04
361
3.16
5.91
256
482
8.96
374
331
5.73
287
496
8.72
382
3.36
6.07
281
503
8.71
335
2.93
5.84
247
402
8.46
326
2.84
5.88
250
381
8.55
319
323
323
320
310
315
314
2.77
2.79
6.09
2.79
2.76
6.11
2.67
2.73
2.74
6.23
5.99
5.95
5.87
233
224
226
219
219
207
3.71
8.21
3.68
8.26
3.70
8.15
3.45
8.03
3.48
7.81
3.38
7.93
1,844,848
54239
1,611,667
53338
122,918
4312
111,171
3950
165,070
5550
168,715
5574
159,472
5205
149,994
4677
138,210
4286
134,465
4353
156,668
4923
127,651
4085
152,760
1 576 899
' 44*140
1 389084
43826
107530
3557
95441
3258
142066
4610
145301
4543
137534
4247
128620
3852
120260
3548
116659
133673
110065
3346
132782
5.88
242
357
8.43
3610
4010
31.27
4971
4127
3.15
2.75
5.80
2.09
3.28
7.81
3.11
2.73
5.71
2.08
3.21
7.62
157,825
5,071
154,869
5,391
136,256
133,722
4175
4351
41 699
39,665
3,109
3,636
4,273
3,900
4,011
3,742
3,259
3,458
3,773
3,247
4,085
3,727
4,156
5,268
431,381
431,381
33,530
33,530
377,468
377,468
27,894
27,894
30,127
30,127
2,495
2,495
45,375
45,375
2,925
2,925
56,767
56,767
3,313
3,313
55,754
55,754
3,585
3,585
66,434
4,114
55,906
3,378
46,976
2,854
50,781
3,098
57,699
3,346
55,614
3,233
72,688
4,078
64,967
3,708
64,893
3,632
108,835
5,509
3,029.65
3,029.65
82,797
82,797
2,819.78
2,819.78
90,732
90,732
2,819.78
2,819.78
90,732
90,732
2,927.78
2,927.78
90,772
90,772
3,137.60
3,137.60
91,096
91,096
3,209.91
3,209.91
91,851
91,851
3,229.47
93,579
3,360.17
94,204
3,216.19
94,821
3,381.44
96,174
3,455.05
96,221
3,400.30
96,519
3,470.09
97,412
3,352.40
98,683
3,712.84
99,622
3,664.00
100,117
37,922.8 "36,580.8 35,299.5
37,113.5 ' 36,938.5 36,129.2
7. FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
[Millions of dollars]
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 Reoublics
See footnotes at end of tables.
7.54
363,811.5
393,893.4
32,922.8
33,305.1
33,150.1
34,144.0
32,682.8
33,599.4
36,797.0
34,030.7
36,110.4
35,632.1
36,135.6
35,271.2
35,573.1
34,974.6
33,506.7
35,227.1
33,583.6
34,380.0
34,508.3
35,347.8
100,165.1
86,330.8
8,522.4
11,579.1
16,862.3
7,215.0
11,364.1
20,837.0
112,974.6
98,026.8
10,448.3
13,652.2
18,693.3
7,987.3
13,015.8
23,484.1
10,335.7
8,770.1
9239
1,208.4
1,817.7
769.7
1,176.7
1,976.8
9,461.3
8,319.9
923.4
1,244.3
1,651.0
641.3
1,087.5
1,851.3
9,517.7
8,307.2
970.1
1,320.7
1,653.0
664.4
1,169.9
1,668.2
11,837.0
10,134.9
1,110.2
1,567.5
1,919.2
842.0
1,212.9
2,226.3
10,882.8
9,383.3
979.3
1,391.4
2,293.4
720.7
1,124.7
1,914.9
10,087.8
8,753.7
904.2
1,217.3
1,779.5
788.3
1,355.9
1,858.0
9,786.2
8,620.7
863.7
1,180.5
1,788.5
787.5
982.8
1,997.7
8,984.9
7,956.2
792.7
1,238.1
1,940.9
580.3
929.9
1,579.1
8,626.4
7,514.3
918.0
1,115.2
1,511.6
570.9
888.4
1,727.2
9,201.0
7,927.5
832.7
1,302.1
1,625.6
624.0
861.3
1,628.6
10,182.2
8,828.1
879.2
1,176.1
1,621.8
682.5
1,364.0
2,161.0
9,978.0
8,678.3
869.1
1,285.6
1,740.3
752.2
1,275.3
1,753.5
10,178.0
8,784.4
748.2
1,326.6
1,791.7
924.4
1,275.5
1,697.6
5,306.9
4.283.5
4,262.6
3.087.7
259.5
147.5
286.4
216.9
478.4
388.5
608.2
504.6
433.8
304.3
248.2
155.3
260.8
117.0
278.7
203.7
321.7
233.8
362.1
268.4
419.6
324.8
593.6
503.0
494.0
357.3
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as
shown in BUSINESS STATISTICS, 1961-88
Annual
1989
|
1990
1990
Dec.
February 1992 •
Jan.
Feb. |
Mar. |
Apr.
May |
June |
S-17
1992
1991
Oct.
Nov. |
Dec.
July
Aug.
Sept.
7,445.8
693.4
2,740.2
4076
8282.5 '7,044.8
617.2
488.8
3,223 5 3,060.2
4507
4429
6,124.9
617.6
2,908.8
385.0
570.9
6444
4,217.0
1 265.1
566.2
692.3
997.8
580.6
683.8
3,602.0
1,321.1
676.0
703.2
1,237.5
Jan.
7. FOREIGN TRADE OF THE UNITED STATES-Continued
VALUE OF EXPORTS-Contlnued
[Millions of dollars]
Exports (mdse.), incl. reexports—Continued
Western Hemisphere:
Canada 0
Brazil
Mexico
Venezuela
Asia:
China . .
Hona Kona
Republic of Korea
Saudi Arabia
Singapore
Taiwan
Africa:
Nigeria
Republic of South Africa
Australia
OPEC .
.
Exports of U.S. merchandise, total @
By commodity groups and principal commodities:
Agricultural products total
Nonagricultural products total
Food and live animals #
Beverages and tobacco
Crude materials inedible exc fuels $
Mineral fuels, lubricants, etc. #
Oils and fats, animal and vegetable
Chemicals
.'. . .
Manufactured goods class, chiefly by material
Miscellaneous manufactured articles
Machinery and transport equipment, total
Motor vehicles and parts
70854
421.3
23468
3589
76040
460.6
27639
3990
76791
495.4
28438
401 7
74514
465.7
28664
4245
64736
537.8
29229
4164
6 763.6
619.7
2,842.8
3703
4729
6297
4,240.5
1 3520
6276
4375
7480
3,907 9
1 2442
5827
6567
987.8
630.9
6458
4,255.9
1 3657
507.3
810.7
1,069.2
5058
538.5
5806
3,851.3
1281 6
497.2
666.1
1,171.3
560.1
788.7
4,020.8
1,163.0
482.2
592.8
1,205.8
470.8
7574
3,661.7
1,256.4
628.9
648.4
1,120.3
634
68.2
85.7
173.8
145.2
270.3
756.7
726.8
739.1
1,543.2 1,636.9 1,448.4
33,869.6 31,887.0 31,906.2
105.2
170.0
78 808 9
4 803.9
249820
30252
838655
5,061.9
28 375 3
31072
59430
444.0
22268
3262
67779
348.3
24007
2962
63695
388.3
23556
57554
62463
444937
134780
35736
73447
11,334.5
48072
68406
485848
143987
40348
80191
11,482.3
3728
411 0
4863
5909
4,263.0
1231 0
392.7
776.7
1,020.2
4903
1,659.4
1,732.4
532
136.5
8331 3
131959
349,650.5
8534.7
13,678.7
375,454.2
9559
1,326.9
31,461.3
40 003 9
314551 0
29 723 8
55098
26 946 7
9,865.3
1,349.7
36 485.1
27,242.8
' 32,637.5
148,799.9
2236102
38 783 4
3419140
29 280 0
71186
26 984 9
12,174.8
1,190.6
38,983.3
31,670.3
39,285.3
172,521.9
26 656 3
31167
28 496 1
20839
7767
22388
1,216.2
4732109
494 903 2
101,763.6
85,153.2
45550
130134
24,832.3
1 1 933 1
4,809.6
183191
20642
7095
108,901.1
91,867.5
45785
13,124.0
28,108.7
12 7233
4,971.9
202882
2,275 2
1 0654
391524
39 582.1
8,734.7
7,483.5
3420
1 037.7
2,312.9
9557
370.2
17898
213.8
87 953 0
84100
27 162.1
67707
91 372 1
7 976.4
30,172.3
94464
68678
631.6
2,243.4
9298
72271
673.2
2,479.9
9063
6,875.6
553.8
2,236.6
563.6
7,498.0
438.6
2,412.3
633.1
7,892.8
696.7
2,682.4
5982
8,036.5
540.3
2,639.9
690.8
7,893.1
510.0
2,569:5
592.3
6,914.1
585.9
2,473.1
787.1
7,480.0
528.7
2,660.4
646.9
7,718.8
494.8
2,683.5
739.3
8,592.8
518.3
3,161.2
670.6
7,972.1
649.7
2,787.4
741.3
7,040.2
536.8
2,408.1
658.9
11 9886
97387
93,585.8
19741 8
7181 3
89497
24 325 7
152238
94880
89,655.1
184933
99743
9,839.4
226668
1 1278
6783
7,809.5
1 3459
1 1526
838.8
17124
1 325.1
8065
7,281.4
1501 3
1 2027
795.3
18779
1,259.7
974.3
541 1
7,815.5
12332
8505
797.5
1,525.0
1,106.6
5967
7,255.2
1 3137
8323
782.3
1,708.7
1,374.3
6802
6,687.7
14244
1 082.7
736.3
1,820.7
1,528.3
736.7
7,190.0
1 3706
8332
895.9
1,876.5
1,815.3
909.6
7,648.7
1 6247
8322
797.3
2,065.2
1,867.3
855.0
7,757.4
1,486.9
1,029.0
793.6
2,113.9
1,932.3
886.0
7,844.2
1,443.2
939.8
918.3
2,149.0
2222.2
1,038.8
8,855.3
1,571.1
885.0
937.6
2,211.9
1,961.8
875.7
7,761.3
1,459.6
805.1
905.2
1,985.5
1,608.6
743.4
8,063.8
1,417.9
815.2
926.3
2,006.7
52264
1 5290
38983
30601.0
59772
1,7006
4,441.7
38,017.0
4050
140.4
346.7
3,187.3
4685
170.1
395.6
3,297.9
460.2
161.9
336.8
2,573.8
482.9
174.8
343.0
2,945.7
476.1
149.5
501.7
153.1
2,580.0
507.7
149.0
288.8
2,563.7
397.5
2,572.6
340.5
2,718.3
504.5
137.0
337.4
2,858.1
380.0
116.4
380.6
2,781.9
456.4
152.5
311.1
2,901.6
394.5
107.9
304.2
2,634.5
305.5
116.6
285.5
2,532.5
49 623 9
423 772 8
206855
43640
153703
52,648.7
730.8
20 752 3
61 991 4
76 639 2
205 761 0
2593405
61 356 8
433 902 6
21 932 5
4,633.1
145240
64,561.5
802.3
22,468.2
59 914 2
81 4776
208 095 7
693821
52097
34081 5
1 791 8
383.1
1 0343
5,513.8
1 8838
385.4
1 1134
5,696.0
17542
298.2
10385
4,072.0
18855
336.0
1 0401
4,057.2
1 9982
386.8
1 1574
4,340.1
19528
416.2
1 1323
4,926.6
1 862 6
368.8
1 1206
4,337.4
1 724 6
394.5
1 1326
4,289.6
1,678.4
415.8
1 0771
4,890.4
1,743.7
393.7
1 0803
4,631.5
1,764.0
553.0
1 0957
4,524.1
1,804.3
421.1
1,057.8
4,292.8
1,900.2
453.1
1,033.2
4,285.0
1,778.2
44328
57432
171174
55603
1,962.8
49706
6*345 3
162566
53599
1 09 399 3
101 7182
6211 1
-6,324.6
70172 -43327 -1 873 2 -34186 -3 985 6 -3 861 4 -77759 -7 440 0 -69974 -85897 '-5,277.2 -5,635.8
-7,376.2 -5,504.0 -4,069.7 -4,507.0 -4,790.3 -3,789.1 -5,949.2 -6,530.1 -6,934.3 -6,320.4 '-4,170.6 -5,936.0
5515
5421
7158
4 370.8
1 181 3
38195
1461 7
5095
7940
1,015.6
4771
671 9
983.2
81.7
3,298.3
2,520.1
3,336.0
14,020.0
1 5332
3150
8471
1,037.0
51 1
58.9
557
170.8
134.3
258.8
603.5
706.5
592.3
1,254.1
1,594.2
1,281.3
31,5262 31,138.8 34,782.4
60.2
54.5
161.1
152.6
599.1
1,594.1
581.5
1,572.8
34,398.6
34,433.1
6104
3,958.8
1 1735
492.2
914.4
1,183.8
621.5
745.0
4,348.1
1,403.1
609.7
705.4
1,144.8
67.4
97.9
64.7
142.1
158.5
148.8
861.4
806.9
767.0
1,740.1 1,777.0 1,780.1
32,700.4 35,972.8 '34,654.6
675.4
1,861.3
33,569.4
31647 34349 35801 30845 30301 25864 28665 2,788.0 2 803.0 3,330.1 3,954.7 3,839.7
285438 27 687 3 31 1645 31 271 6 31 402 6 31 159 8 29 035 9 28910.1 29972.6 32,258.7 31,243.2 29,729.7
21265 25386 26216 2,303.3 2,285.9 2,104.7 2,462.4 2,476.8 2,435.5 2,693.4 2,864.3 2,642.0
561.6
494.5
451 7
601 6
6192
4983
461 1
451 8
6490
5499
7650
6466
1 711 9 19782 2,230.8 2,328.9
1 8177
1 8618
22892 23581 24695 21978 22373 19808
979.4 1,007.5
1,054.4
892.8
938.4
956.0
732.4 1,066.5
924.8
970.6
1,205.7 1,304.7
117.7
103.4
87.4
77.1
110.6
99.3
107.1
67.8
126.8
75.6
86.8
87.5
3,455.2 3,469.5 3,320.3 3,754.1 3,408.8 3,291.9
3,591.6 3,923.4 3,848.4 3,913.6 3,439.7
3,550.2
2,682.1
2,975.0
3,182.6
2,905.0
3,059.7
3,065.0
2,960.6
2,812.7 2,753.6 2,914.0 3,108.9 3,146.8
3,627.3 "—""•
3,267.5 3,209.3 3,659.8 3,625.0 3,644.9 3,683.3 3,519.4 3,498.3 3,657.3 4,009.0 3,761.1
14,269.0 13,216.5 16,176.6 16,419.4 16,066.9 16,732.9 14,702.8 14,302.7 15,877.2 16,845.9 16,916.5 15,833.5
21675 18800 23105 25716 26969 25694 19938 1,988.9 2,530.0 2,787.2 2,555.6 2,123.7
VALUE OF IMPORTS
[Millions of dollars]
General imports total @
Seasonally' adjusted t
Western Europe . . .
European Economic Community
Belgium and Luxembourg
France
Federal Republic of Germany
Italy
Netherlands
United Kingdom
Eastern Europe
Union of Soviet Socialist Republics
Western Hemisphere:
Canada
Brazil
Mexico
Venezuela
Asia:
China
Hong Konq
japan
Republic of Korea
Saudi Arabia
Sinoaoore
Taiwan
Africa:
Nigeria
Republic of South Africa
Australia
OPEC
By commodity groups and principal commodities:
Petroleum and products
Nonpetroleum products
Food and live animals #
Beverages and tobacco
Crude materials inedible exc fuels #
Mineral fuels lubricants etc
Oils and fats, animal and vegetable
Chemicals
Manufactured ooods class chiefly by material
Miscellaneous manufactured articles
Motor vehicles and parts
1205
63.1
401673 37,0155 38,670.2 39 529.0 40,121.2 39,434.5 41,282.6 41,023.6 41,505.7 46,512.5 '41,858.0 40,935.3
41,474.4 39,103.4 38,100.4 40,139.1 40,061.5 38,763.7 41,176.3 40,910.1 42,282.1 43,433.9 '41,109.1 42,065.2
7,921.7
9,659.6 8,263.7 9,066.6
8,360.0 8,154.5 8,657.2 8,775.4 8,767.7 8,053.1 8,999.1 7,917.9
7,371.4 7,387.0 6,751.9
7,750.6 6,866.2 6,520.9 8,094.5 6,930.9 7,620.4
6,979.2
6,891.5 7,316.4
339.7
312.6
2173
3659
3000
4458
3005
421 7
3238
3641
3978
3495
1,262.7
1,153.3 1,003.9
1,027.0 1,116.7 1,161.9 1,064.5 1,150.8 1,318.1 1,028.4 1,018.5
1,066.3
2,395.5
1,975.6
1,963.1 2,460.5 2,217.6
2,073.4 2,215.8 2,369.9 2,304.2 2,183.1 1,917.1 2,153.5
9744
9928 1 0090
7559 1 0559
9624
1 0643
9683 1 1347
9731
9349
961 7
450.3
365.3
378.2
534.0
407J
503.6
386.2
335.1
432.2
318.4
334.8
381.8
1,568.7
1,421.6
1,475.4
1,510.0
1,687.0
1,476.0 1,602.6
1,567.4
1,701.1
1 559.0 1,427.2 1,523.6
165.9
131.5
160.3
115.3
95.7
174.2
159.8
207.7
137.2
165.6
141.3
155.3
67.4
47.5
82.7
38.2
78.1
84.4
823
23.9
662
1189
566
667
63.8
6167
7,422.2
1 1779
8705
690.7
1 695.3
4221
144.5
289.0
70.7
1,919.2
45577
59788
161405
5,162.6
75.4
2,011.0
45791
57569
174843
5,628.5
68.4
2,064.9
49303
59022
175032
5510.4
74.9
2,004.8
48765
61987
16741 0
5,286.6
62.4
76.4
69.0
1,952.7
45520
65988
171576
5,427.0
1,918.4
2,075.0
51403 45900
7 933.5 7,525.5
171855 174890
4,980.5 5,622.0
71.3
81.9
1,937.5 2,250.0
46382 53573
7,716.8 8,962.1
178528 20 455 4
5,718.5 6,981.7
72.4
1,870.3
4,725.5
7,551.2
18287.3
6,079.4
70.1
2,202.1
4,501.4
6,919.8
18,233.3
5,768.3
MERCHANDISE TRADE BALANCE *
[Millions of dollars]
Trade balance:
Seasonally adjusted
[Billions of 1987 dollars]
Seasonally adjusted:
Trade balance
Exports
Imports
See footnotes at end of tables.
-10367
33800
441.67
-8524
36680
452.04
-397
-542
-447
-333
-402
31 14
35.10
31.42
36.85
31.07
35.53
31.55
34.89
33.04
37.05
-4.37
32.82
37.20
-3.62
32.60
36.22
r
-5.69
" 33.01
38.70
r
-6.10
'32.33
'38.43
r
-6.32
'33.19
39.51
r
-5.45
'34.74
'40.19
'-3.42
34.64
'38.05
-5.12
34.04
39.15
SURVEY OF CURRENT BUSINESS
S-18 • February 1992
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1961-88
Annual
1989 |
1990
1990
1992
1991
Jan. |
Dec.
Feb.
Mar.
Apr.
May
June |
July |
Aug. |
Sept.
1147
1079
1160
113.9
1038
1157
1143
1071
1155
1142
1058
1156
1150
1095
1159
1224
121 6
71 9
1305
1220
1223
1233
Oct.
Nov.
Dec.
Jan.
7. FOREIGN TRADE OF THE UNITED STATES-Continued
Export and Import Price Indexes *
[1985=100]
All exports
Agricultural exports
Nonagricultural exports
112.8
1143
1129
113.8
1088
1149
114.9
1044
1169
115.3
1059
1171
All importsPetroleum imports
Nonpetroleum imports
119.4
123.2
1288
1109
1320
1271
1321
1325
29,766
29,565
13119
13124
33,395
13474
709
874
1280
1295
381,099
143184
372,052
150737
493864
270,633
495 239
991
1152
1063
1169
1151
1065
1167
115.1
1078
1164
1148
1081
1160
1246
1245
1235
1233
1329
1320
32,963
14232
772
806
762
757
732
131 7
131 1
28,757
33299
13861
14061
29658
12657
748
688
1304
1307
32972
12866
32171
13163
38454
21,875
41 033
41 121
23556
23,503
40052
23,269
4084
4403
4675
115.1
1092
1161
1238
114.4
1063
1158
113.9
1052
1154
123.3
122.9
r
727
727
131 4
131 7
1323
192.7
187.9
182.9
109.3
109.4
658
726
1331
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight, thous. metric tons
Value, mil. $
General imports:
Shipping weight thous metric tons
Value, M f...!
283,392
33830
22,318
36184
23,751
31 002
20,615
32371
20,668
37168
21,545
41 880
21,876
32275
12658
8. TRANSPORTATION AND COMMUNICATION
I
TRANSPORTATION
Air Carriers
Certificated route carriers:
Passenger-miles (revenue) billions
Passenger-load factor percent
Ton-miles (revenue) total millions
Operating revenues (Quarterly) mil $ §
Passenger revenues mil $
Cargo revenues mil $
Mail revenues mil $
Operating expenses (Quarterly) mil $ §
Net income after taxes (quarterly) mil $ §
Domestic operations:
Passenger-miles (revenue) billions
Cargo ton-miles millions
Mail ton-miles millions
Operating revenues (quarterly) mil $ §
Operating expenses (quarterly) mil $ § <
Net income after taxes (quarterly) mil $ §
International operations:
Passenger-miles (revenue) billions
Cargo ton-miles millions
Mail ton-miles millions
Operating revenues (quarterly) mil # § . . . .
Operating expenses (quarterly) mil $ §
Net income after taxes (quarterly) mil $ §
Urban Transit Industry
Passengers carried total millions ft
Motor Carriers
Carriers of property, large, class I, qtrly.:
Number of reporting carriers number
Operating revenues total mil $
Net income, after extraordinary and prior period
charges and credits mil $
Tonnage hauled (revenue), common and contract
Freight carried— volume indexes, class I and II
intercity truck tonnage (ATA):
Common carriers of general freight, seas, adj.,
1967=100 ±*
Class 1 Railroads *
Financial operations, quarterly (AAR), excluding
Amtrak:
43271
632
55458
69225
53796
6893
955
67413
39
32998
4916
1415
54314
52460
304
1
3350
75967
58426
5435
19116
14293
1 505
2852
3428
569
562
598
4242
3700
4402
596
4710
632
3747
634
4729
282
21488
-3647
34022
5076
1 490
2710
57991
59004
-3440
14456
16032
-3015
11770
5524
514
908
445
67
17,976
18878
4,659
5456
4,012
4649
-554
-632
-592
2521
369
129
2325
2716
349
95
737
2780
2958
31 63
3305
2576
2766
387
110
419
115
424
108
412
106
439
115
418
104
477
123
14289
14069
166
783
397
37
713
423
39
699
617
4,958
2737
-747
712
61 2
4702
356
399
112
527
372
32
967
410
39
11 26
446
39
1241
1370
11 18
466
38
458
42
446
39
670
675
683
725
760
734
678
100
100
100
100
100
21 810
5762
5030
5446
5,777
'355
442
86
8
118
143
1
172
44
42
46
45
174.9
163.2
/28516
27616
1
94
7098
6868
1
6242
1
25 038
1896
7
24 736
1
2 676
'2010
1
1,013.8
1,034.9
1953
180.1
166.2
176.9
172.9
192.2
192.6
6617
23
6188
186.3
7093
6,870
6842
6778
6554
24
24
24
6659
6,763
491
529
380
430
155
76
253
148
258.8
254.2
251.7
266.0
107.5
108.5
19 505
19 022
1
16 908
' 15 024
3,689
4128
106.4
174.1
108.6
109.5
108.9
507
43
191
100
180.3
1042
4,729
4853
19 750
175
3808
71 2
5728
18921
13506
14254
828
358
37
3694
680
5426
224
229
18903
-1 339
403
178
667
5101
19019
14458
1 311
1277
970
8962
3520
4451
17518
12873
77881
-3994
168.5
1
3618
58395
8195
91
0 ran ex' ^ses mil $
Net railway operating income mil $
Ordinary income mil $ "i*
Traffic:
Revenue ton-miles qtrly. (AAR), billions
Producer Price Index, line haul operations, 12/
84=100
624
10274
5359
464
14,911
14954
-265
27 956
/ 27 059
Freight mil $
45792
109.5
109.6
109.5
109.6
109.3
"109.2
262.6
109.4
2
78.3
109.3
Travel
Lodging industry:
Restaurant sales index same month 1967=100
245
8777
Rooms occupied % of total
Motor hotels* Average room sale dollars 0
Rooms occupied % of total
Economy hotels' Average room sale dollars 0
Rooms occupied % of total
Foreign travel:
U S citizens' Arrivals (guarterly) thousands
Departures (quarterly) thousands
Aliens' Arrivals (quarterly) thousands
Departures (Quarterly) thousands
Passports issued thousands
National parks, recreation visits, thousands ##
See footnotes at end of tables.
68
4697
66
3857
66
1
1
1
1
18 120
17 603
1
15 099
' 13 550
3,691
56,422
56,948
4335
4091
3726
2
1452
2
1 157
2
\ 180
2
1261
2
2
2
2
2
2
978
959
2
876
2
790
1 328
1 286
2
1 230
2
966
1 362
1 334
1 198
2
1 091
2
174
237
198
268
351
335
329
315
249
249
293
359
1,390
" 1,468
"1,731
'2,146
"3,012
"4,870
"7,546
"10,437
"10,405
"6,579
"4,857
"2,062
204
1,570
248
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1951-88
Aiinual
1989
1990
1990
February 1992 •
1991
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
1992
July
Aug.
Sept.
Oct.
Nov.
Dec.
8. TRANSF'ORTAT ONANCICOMMIJNICATION-Continued
COMMUNICATION
Telephone carriers:
Operating revenues, mil. 5#
Station revenues mil. $
Tolls, message, mil $
Operating expenses (excluding taxes), mil. $
Net operating income (after taxes) mil $ .
Access lines, millions
,
9. CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
[Thousands of short ions, unless otherwise indicated]
Production:
Aluminum sulfate, commercial (17% AkOs)
Chlorine gas (100% CI2)
Hydrochloric acid (100% HCI)
Phosphorus elemental
Sodium hydroxide (100% NaOH)
Sodium silicate, anhydrous
Sodium sulfate (100% Na2S04)
Sodium tripolyphosphate (100% NasPaOjo)
Titanium dioxide (composite and pure)
Sulfur, native (Frasch) and recovered:
Production, thous. metric tons
Stocks (producers') end of period, thous. metric
tons
Inorganic Fertilizer Materials
[Thousands of short tons, unless otherwise indicated]
Production:
Ammonia synthetic anhydrous $
Ammonium nitrate, original solution +
Ammonium sulfate $
Nitric acid (100% HNOj) *
Nitrogen solutions (100% N) *
Phosphoric acid (100% PA) *
Sulfuric acid (100% H2S04) $
Superphosphate and other phosphatic fertilizers
(gross weight):
Production
Stocks end of period
Potash sales (K20)
Imports:
Ammonium nitrate, thous. metric tons
Ammonium sulfate thous metric tons
Potassium chloride thous metric tons
Sodium nitrate, thous. metric tons
Industrial Gases
[Millions of cubic feet]
Production:
Acetylene
Hydrogen (high and low purity)
Nitrogen (high and low purity)
Oxygen (high and low purity)
Organic Chemicals §
[Thousands of metric tons, unless otherwise indicated]
Production:
Acetylsalicylic acid (aspirin)
Ethyl acetate
..
Formaldehyde (37% HCHO)
Glycerin refined all grades mil Ib
Methanol synthetic
Phthalic anhydride
1,208
10,943
2,341
356
11,688
879
733
532
1244
11,413
3,177
353
10492
873
755
580
1 110
1079
r
93
958
196
28
1,027
74
74
43
98
6
d
278
2795
*668
299
2,715
638
80
2946
211
171
118
269
tf
90
tf
3013
6
216
*236
6
132
tf
272
Denatured alcohol:
Production mil wine gal
Consumption (withdrawals) mil wine oal
For fuel use mil wine oal
Stocks, end of period, mil. wine aal.
See footnotes at end of tables.
3129
206
180
(7)
273
893
861
769
806
776
813
800
837
770
771
1 302
1,422
1,422
1,489
1,521
1,581
1,474
1,425
1,481
1,460
1,250
1,470
16362
7,871
2347
8349
1,471
610
214
639
265
11737
43301
16958
7,107
2495
7749
2,853
12175
44281
3784
18128
942
5745
18887
738
5700
1,700
738
549
5,207
147840
749 525
462293
295
12970
64144
39378
'12.8
'1243
'29085
286.5
'36222
'4267
3.3
330
7385
1 1073
368
994
368
1018
428
926
499
5949
6457
2979
490
458
194
54.9
5022
2005
542
235
24.5
17.2
17.2
27.3
2913
tf
4,419
1,903
592
1,936
829
3048
10,610
4,245
1,902
tf
558
1977
d
807
tf
3036
"10778
6
tf
1063
tf
602
4,813
6
692
414
327
740
735
4,813
620
227
236
687
4,889
686
346
150
'102
1
132 3
'26732
2933
'37045
'4161
d
1,132
36261
196735
118588
1,139
34 826
6197977
tf
119221
(5)
(5)
31.8
21.0
6442
797
8398
967
7048
"t"
101 1
545
100.3
534
50.3
51.2
54.8
654
375
493
226
587
320
22.2
25.5
25.4
21.6
9237
963
71.6
9601
543
5143
1 107.3
965
754
771
1,302
1,237
388
304
3120
4
6
760
" 1,415
11,525
<411
5,445
145544
744068
460684
r
4,236
1,735
537
1,894
743
4
307
*5498
ALCOHOL
Ethyl alcohol and spirits:
Production mil tax gal
Stocks end of period mil tax gal
314
2903
749
72
10,262
10,398
S-19
1,126
35293
196 588
116446
(5)
327
721 0
84.3
982.6
999
Jan.
SURVEY OF CURRENT BUSINESS
S-20 • February 1992
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as
shown in BUSINESS STATISTICS, 1961-88
1990
Annual
1989 |
1990
Dec.
1992
1991
Jan. |
Feb. |
Mar. |
Apr. | May
June |
Jury |
Aug.]
Sept.
Oct. |
9. CHEMICALS AND ALLIED PRODUCTS-Continued
PLASTICS AND RESIN MATERIALS
[Thousands of metric tons]
Production:
Phenolic resins
Polyethylene and copolymers
Polypropylene
Polystyrene and copolymers
Polyvinyl chloride and copolymers
1
2
833.6
7,318.8
1
8,550.5
1
3,524.7
2277.8
874.6
20287
822.0
19086
8307
1 7758
885.8
3,591 .4
'40026
;
4 1129
1 0031
941 7
1 0798
1 1657
11,238.9
45253
42201
2,493.5
11,761.6
48621
41105
2,789.1
730.9
"2,4984
*992 3
*9600
4
5462
31587
1 3892
1 0934
676.1
3,122.9
1 3364
1 0934
1
3,039.3
2
PAINTS, VARNISH, AND LACQUER $
[Millions of dollars]
Total shipments
»
Architectural coatings
Product coatings (OEM)
Special purpose coatings
3010
2666
163.3
6931
10. ELECTRIC POWER AND GAS
ELECTRIC POWER
[Millions of kilowatt-hours, unless otherwise
indicated]
Production:
Electric utilities, total
By fuels
By waterpower
2,784,304
2,519241
265,063
2,807,058
2,527219
279839
237,257
213305
23952
2616251
718014
905225
5,307
899,573
14548
69259
4,324
2 623 733
722375
907925
5,335
897,937
14731
71084
4,346
645103
178287
229732
169117
170583
42Q59
Customers, end of period total, thousands @ ....
Residential
Commercial
Industrial @
Other
53,583
49190
54,388
49912
54388
49912
4177
4261
4261
167
49
167
48
167
48
Sales to customers total tril Btu
Residential
Commercial
Industrial
Electric generation
Other
Revenue from sales to customers total mil $
Residential
Commercial
Industrial
Electric generation
Other
10551
4798
2323
9846
4394
2,192
1962
1280
1997
2690
1,259
615
560
203
54
Sales to ultimate customers, total (Edison Electric
Institute)
Commercial §
Industrial §
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities . .
Interdepartmental
Revenue from sales to ultimate customers (Edison
Electric Institute) mil $
247,984
999,314
25,671
210,496
188579
21,918
221,117
195297
25820
208,936
183249
25687
233,991
205535
28457
663388
177096
219440
1,436
242,236
1374
213,085
3954
17739
931
248,165
999 339
25832
271,492 '267,698
247 242 245954
21744
24250
233,897
215511
18387
745 612
209 303
241455
18224
809
649177
182995
230 832
1 324
210,302
3543
19338
843
43315
43874
53094
4147
1312
268,941
3465
20185
950
GASO
Total utility gas, quarterly (American Gas
Association):
188
47493
26172
11077
6211
3449
584
1 075
*188
44672
24658
10462
6064
2889
598
12230
6901
2901
1709
554
165
11. FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production mil bbl
Taxable withdrawals mil bbl
Stocks end of period mil bbl
Distilled spirits (total):
Production mi! tax gal
Consumption, apparent, for beverage
purposes, mil. wine gal.
Stocks end of period mil tax gal
Whisky:
Production mil tax gal
Stocks end of period mil. tax gal
Wines and distilling materials:
Effervescent wines:
Production mil wine gal
Taxable withdrawals mil wine gal
Stocks end of period mil wine gal
Imports mil liters
Still wines:
Production mil wine gal
Taxable withdrawals mil wine gal
Stocks end of period mil wine gal
Imports mil liters
Distilling materials produced at wineries, mil.
wine oal.
See footnotes at end of tables.
13.97
16.27
15.17
16.08
1322
1267
1380
1354
1311
1411
1440
1415
1723
1482
1501
11834
10.21
10.80
10.89
1027
10.47
371.46
42667
368.54
374.41
42249
48.14
42249
24.73
433.62
21.97
437.61
26.07
431.71
28.36
444.06
77.88
36885
223 97
79.91
371.60
371.60
7.57
373.69
377.19
2976
2695
22262
-'5496
2635
2550
231 72
2.29
1759
1699
40816
41317
630538
J
242 05
42715
41725
645254
18.63
3843
57636
55040
114.11
108.07
3
3
19914
17950
20363
18556
1460
1267
11289
6.99
179
5.21
296
.88
645
2741
3.51
7.82
121
.92
6.85
370.40
112
1.08
1 10
1.43
1856
336
2698
53026
3193
3401
51516
52256
4.52
19.88
1693
1499
1788
1496
28.79
28.77
29.10
7.30
2048
7.30
19.16
1677
1491
382.42
1760
454
18.90
418
2.75
13
74
259
287
1.91
1964
1.69
1748
1.10
1881
323
3323
51821
1 68
3298
52402
3016
3129
39436
3.36
1.15
141
3.39
259
1.63
2.88
2024
2046
934
41534
12830
3022
51866
423
32.35
223,180
205643
17537
Nov. |
Dec.
Jan.
February 1992 •
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, i96i-88
Annual
1989 |
Dec.
1992
1991
1990
1990
Jan. |
Feb. |
Mar. |
Apr. |
May |
S-21
June |
JulyAug.]
Sept.]
Oct. |
Nov. ] Dec.
Jan.
11. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
DAIRY PRODUCTS
Butter:
Production (factory), mil. to.
Stocks, cold storage, end of period, mil. Ib.
Producer Price Jndex, 1982=100
Cheese:
Production (factory), total, mil. Ib.
American whole milk mil Ib .
. .
Stocks, cold storage, end of period mil Ib
American, whole milk mil Ib . . . .
Imports thous. metric tons
Price, wholesale, Cheddar, single daisies (Chicago),
$ per to.
Condensed and evaporated milk:
Production, case goods, mil. Ib.
Stocks, manufacturers', case goods, end of period,
mil Ib
Exports, thous. metric tons
Ruid milk:
Production on farms, mil. Ib. t
Utilization in manufactured dairy products mil Ib
Price, wholesale, U.S. average, $ per 100 Ib
Dry milk:
Production:
Dry whole milk, mil. Ib.
Nonfat dry milk (human food), mil. Ib.
Stocks, manufacturers', end of period:
Dry whole milk, mil. Ib.
Nonfat dry milk (human food) mil Ib
Exports, whole and nonfat (human food), thous.
metric tons
Price, manufacturers' average selling, nonfat dry
milk (human food), $ perlb.
126.3
522.1
67.0
131.6
"555.5
67,1
1337
"620.5
67.3
126.0
"646.7
67.3
98.3
"662.7
68.1
889
850
847
"659.8
70.4
"629.4
70.4
"5972
"70.4
1052
567.1
73.3
108.5
"543.0
73.9
121 2
"539.4
69.5
501.7
2471
4639
r
370.9
458.0
2224
"4751
r
367.6
521.4
2500
"4924
"3862
500.7
2369
"5103
"4039
516.0
247.5
"512.1
"408.5
505.4
2352
"521.5
"413.8
489.9
225.0
511.5
402.9
493.7
224.5
4941
3922
476.5
2058
477.9
374.0
507.9
221.6
429.3
337.8
497.0
214.9
409.0
319.1
522.1
248.2
"415.3
"317.8
462
45.1
46.9
472
50.6
46.5
581
739
845
860
906
107.1
"125,772
89998
13.73
" 10,469
7369
11.70
'10,645
7755
11.70
"9,922
7190
11.70
"11,084
8069
11.40
"10,918
8107
13.00
"11,240
8236
11.40
175.8
874.7
175.1
876.6
8.9
81.2
8.6
82.6
8.3
77.9
8.3
87.6
9.3
95.1
13.0
11.2
1146
112
1146
11.2
1146
9.5
9.8
955
889
10.4
84.4
.948
.855
.855
.849
.846
.850
1,295.4
256.2
88.0
1,3022
416.1
71.3
1212
416.1
70.6
142.1
"466.7
67.0
5,615.4
26741
3280
234.8
*1266
6061.2
28908
4578
3472
522.1
2482
4578
3472
525.1
602.6
266
*13.8
581
122,531
85714
13.56
494
r
r
682
45.1
48.3
44.0
46.0
41.0
46.2
1102
111.1
95.9
66.3
442
58.1
"10,567
7803
11.40
10,472
"10,352
"9,927
"10,212
"9,926
"10,418
10,659
11.80
12.30
12.80
13.40
13.80
"13.80
P 13.60
7.1
101.4
8.8
78.6
9.9
69.8
11.6
56.8
11.0
44.5
12.5
48.9
10.1
54.1
8.9
81.2
10.8
744
7.0
67.5
6.3
69.8
6.1
68.7
5.6
48.7
6.0
39.6
6.4
36.9
11.2
61.0
.854
.844
.884
.895
.893
.966
.991
.993
49.1
109.1
*1571
.993
GRAIN AND GRAIN PRODUCTS
Exports (barley corn oats rye wheat) mil bu
Barley:
Production (crop estimate) mil metric tons
Stocks (domestic), end of period, total, mil. metric
tons
On farms mil metric tons
Exports including malt thous metric tons §
Producer Price Index, No. 2 feed, Minneapolis,
1982=100
Corn:
Production (crop estimate, grain only), mil. metric
(5)
2
On farms mil metric tons
Off farms mil metric tons
Exports including meal and flour mil metric tons
Producer Price Index, No. 2, Chicago, 1982=100 ...
Oats:
Production (crop estimate) mil metric tons
Stocks (domestic), end of period, total, mil. metric
tons
On farms mil metric tons
Off farms mil metric tons
Exports including oatmeal metric tons
Producer Price Index, No. 2, Minneapolis,
1982=100
Rice:
Production (crop estimate) mil metric tons
Southern States mills:
Receipts rouoh from producers mil Ib
Shipments from' mills milled rice mil Ib
Stocks, domestic, rough and cleaned (cleaned
basis) end of period mil Ib
Exports thous metric tons
Producer Price Index, medium grain, milled,
1982=100
Rye:
Production (crop estimate) mil metric tons
Producer Price Index, No. 2, Minneapolis,
1982=100
Wheat:
Production (crop estimate) total mil metric tons
Sprinci wheat mil metric tons
Winter wheat mil metric tons
Distribution quarterly mil metric tons (§>
Stocks (domestic), end of period, total, mil. metric
tons
On farms mil metric tons
Off farms mil metric tons
Exports total including flour mil metric tons
Wheat only. mil. bu.
.'.
See footnotes at end of tables.
9119
7
7
7634
7
4059
7
3574
S
1,8418
2
717989
7
11936
^6054
"5666
102.4
717629
712380
75249
5 423
tf
1427
d
870
tf
557
*58387
7 007
108.7
112.8
'2948
4
1067
"1.881
112.8
110.7
112.3
107.1
7.167
4252
2.915
9.579
5900
3.678
-
94.0
96.6
101.9
113.4
93.4
100.9
2
•^7600
5
44.58
•*3142
12165
77.84
4380
93.7
95.3
101.9
98.4
102.0
95.3
902
100.4
97.4
97.1
95.5
100.8
761
2
-
2485
1.341
6
\ 144
6
682
639
634
687
697
71.6
68.2
65.5
74.0
71.1
74.5
1457
76.3
78.5
79.2
109.4
112.5
7 027
641
725
935
595
574
554
629
512
340
519
373
525
289
451
712
514
2871
518
605
2741
*3024
2106
2106
1857
1870
1660
1 618
1 334
1041
729
719
2027
2,277
1079
1024
942
96.1
105.8
110.3
113.4
1162
117.1
114.5
108.9
109.5
109.6
2 347
2
659
74.7
71.8
71.8
689
61.5
70.3
73.3
83.5
69.1
55 43
15 84
39 59
6398
73371
7
1611
72260
8
37 87
7
111.7
256
66.5
2
(5)
97.5
tf
677
586
2
113.9
5 184
*2278
6
1203
d
1 075
10351
6*942
2
112.3
166.07
109.09
56.98
3864
17.56
2108
12918
8061
2
117.0
201 51
1071
2
1071
1170
2
2
4592
2065
2.527
6656
73341
7
2816
1179
191 16
Stocks (domestic), end of period, total, mil. metric
2
8 800
74 53
21919
25534
6217
5193
7
2077
731 16
14.85
14.16
.
38.00
14.50
2350
87.9
4
23.57
4
929
4
14 28
55.54
22.53
33.00
39.25
15.37
23.88
S-22 • February 1992
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1961-88
Annual
1990
1989 | 1990
1992
1991
Jan. | Feb.
Dec.
Apr. |
Mar.
May |
June |
July |
Aug. |
Sept |
Oct. | Nov.
775
805
890
905
982
1055
84.1
92.7
932
101.8
107.4
114.4
Jan.
Dec.
11. 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.),
1962=100
Hard red spring, No. 1, ord. protein (Minn.),
1982=100 ...
.
Wheat flour:
Production:
Flour, thous. sacks (100 Ib)
Millfeed thous sh tons
Grindings of wheat Ihous bu
Stocks held by mills, end of period, thous. sacks
(100 Ib.) . . .
Exports, thous. metric tons
Producer Price Index, 6/83=100
108.7
342762
6072
761 021
1
701
656
682
743
732
764
752
691
73.8
715
737
777
791
805
790
730
28443
520
66059
29085
490
64502
27362
486
60428
29956
535
66522
30625
561
68 686
25849
469
58336
27673
498
62378
887
902
92.0
93.0
1,810
2,108
1,854
1,895
2,120
562
306
562
306
551
301
606
339
633
366
688
406
863
1091
91.1
359,639
6255
797589
6288
1,1 95.53
110.5
29100
501
64326
8051
8051
1005
89.8
8264
79.5
30036
543
67,737
30,332
556
68,650
r
96.3
100.3
102.6
107.4
1,958
1,978
626
306
564
258
6234
8429
940
30,666
557
69,259
29,179
526
66,389
93.7
91.3
94.1
2,006
2,210
2,233
2,040
2,363
727
451
797
503
877
571
929
626
982
667
967
653
300
.305
POULTRY AND EGGS
Poultry:
Slaughter, mil. Ib.
Stocks, cold storage (frozen), end of period, total,
mil. ib
Turkeys, mil. Ib.
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
22,144
r
23,740
469
236
.350
1868
12
14
.777
r
r
.310
.270
1886
163
15
15
15
15
.760
r
.290
280
.295
163
147
M64
17
15
9
14
14
14
2191
280
r
157
12
13
r
160
156
15
14
13
14
315
r
161
13 *
18
.310
.310
r
r
15.7
162
10
16
13
16
r
r
.305
280
275
164
16.1
16.7
16
17
280
21
16
12
15
.831
.860
.720
.858
.676
.609
.634
.731
.713
.688
.679
.687
125
2,508
131
2,491
7,708
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves, thous animals
Cattle thous animals
Prices, wholesale:
Beef steers $ per 100 Ib
Steers stoc'ker and feeder $ per 100 Ib
Calves vealers (So St Paul) dollars . .
Hogs:
Slaughter (federally inspected), thous. animals
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:
Slaughter (federally inspected), thous. animals
Price, wholesale, lambs, avg. San Angelo, TX),
$per100lb *
2,100
33010
1,742
32391
136
2380
151
2808
121
2407
120
2443
106
2673
103
2785
90
2650
108
2784
108
2783
115
2,634
127
2,855
7444
8666
24862
7889
81 28
9567
7958
8124
9852
7453
9730
9581
6734
90.06
6918
9538
7867
9706
7225
9421
7986
9553
8141
9215
89.74
7093
88.60
86,328
82,901
7,140
7,461
6,469
7,044
7,320
6,948
6,133
6,557
7,098
7,177
8,292
7,744
5472
4896
5132
5231
5192
5142
5483
5479
55.74
51.11
46.76
43.51
3829
17.3
22.5
21.5
22.0
22.5
21.5
21.0
22.7
23.7
23.8
22.0
19.8
19.0
16.5
5,295
5,469
449
495
449
546
436
443
388
431
438
456
501
449
471
6606
5404
4808
4756
4581
4967
54.00
54.45
52.88
55.42
54.31
53.25
5120
39418
535
38,606
566
3,080
566
3,427
585
2,954
590
3,083
602
3,285
645
3,291
613
3,060
599
3,252
590
3,426
576
3,307
591
3,709
630
3,324
646
3,284
661
22,950
306
1,708
306
1,999
308
1,720
277
1,746
283
1,895
272
1,971
241
1,894
254
2,018
279
2,099
265
1,963
282
2,142
303
1,839
313
1,809
320
342
8
357
8
30
8
33
g
30
10
36
8
29
30
8
25
8
28
27
6
29
c
32
6
29
31
6
15,757
256
1
152
15,299
234
1,342
234
1,396
248
1,204
281
1,301
289
1,361
341
1,291
333
1,140
312
1,207
278
1,299
282
1,315
281
1,534
300
1,456
308
1,444
317
113.8
116.2
114.5
114.1
1.0585
1.0087
4391
r
16.6
15.3
MEATS
Total meats (excluding lard):
Production mil Ib
Stocks, cold storage, end of period, mil. Ib.
Exports (meats arid meat preparations), thous.
y
Imports (meats and meat preparations), thous.
metric tons
Beef and veal:
Production total mil Ib
Stocks, cold storage, end of period, mil. Ib.
Exports thous metric tons
Imports thous metric tons
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 mil Ib
Pork (excluding lard):
Production total, mil. Ib.
Stocks, cold storage, end of period, mil. Ib.
Exports thous metric tons
....
Imports thous metric tons
1 301
'1 110
23319
256
1
568
'682
1 078
'358
Prices:
Producer Price Index, hams and picnics, except
canned 12/88=100 *
Fresh loins, 8-14 ib. average, wholesale
(Omaha) $ per Ib *
118.6
129.5
114.4
117.7
116.7
111.8
110.7
1132
114.1
115.8
1 1752
10350
10767
10913
1 1033
1.0481
12048
12349
12173
1.1754
1,1 62,920
1
249,295
692
593
571
430
343
342
99.7
1 0111
r
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans, imports (including shells),
thous metric tons
Coffee:
Imports, total, metric tons
U S Import Price Index 1985=100
Fish:
Stocks, cold storage, end of period, mil. Ib.
See footnotes at end of tables.
y
7
2661
577
314
290
267
275
308
312
524
532
549
343
349
378
383
394
384
104.6
February 1992 • S-23
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1951-88
Annual
1989 |
1990
1990
Dec.
1992
1991
Jan.
Feb. |
Mar. |
Apr. |
May |
June July
Aug. |
Sept. | Oct.
Nov.
Dec.
Jan.
114.1
121.4
' 114.1
114.3
121.0
113.5
120.8
112.5
120.8
162.0
161.6
162.8
161.8
140.8
124.8
116.9
141.5
124.5
116.9
142.6
124.5
116.9
142.3
125.0
116.9
11. FOOD AND KINDRED PRODUCTS; TOBACCO-Continued
MISCELLANEOUS FOOD PRODUCTS-Continued
Sugar:
Exports, raw and refined, metric tons
Imports, raw and refined, thous. metric tons
Producer Price Indexes:
Raw (cane), 1982=100 . . .
Refined 1982=100
Tea, imports, metric tons
4
412,044
4
,...
1,542
115.5
118.2
85,257
119.2
122.7
117.9
122.4
115.6
123.1
113.1
123.2
113.3
122.9
113.1
122.0
112.8
121.3
113.5
121.3
112.9
121.4
114.2
121.2
"121.2
4
TOBACCO
Leaf:
Production (crop estimate) mil Ib
Stocks, dealers' and manufacturers', end of period,
mil it)
i ..
Exports incl. scrap and stems, metric tons
Imports, incl. scrap and stems, metric tons
Manufactured products:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt millions
Taxable millions
Cigars (large) taxable millions
Exports, cigarettes, millions
1
' 1,367
1,607
3,803
4
224,382
"180,286
3,674
3,674
147,495
561,021
2,365
178,742
523,094
2,233
17,672
34,134
21,007
34,514
16,652
39,407
14,689
47,061
12,793
40,106
14,242
49,266
13,328
45,849
13,686
44,037
158
152
145
163
175
169
219
170
4
3,458
3,428
3,075
16,549
42,337
20,974
43,430
18,535
40,464
193
193
'206
41 ,755
12. LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather thous sq ft
Producer Price Index, leather 1982=100
170.4
177.6
1747
174.3
173.7
172.6
172.1
1727
1717
1677
165.8
r
163.4
LEATHER MANUFACTURES
Footwear:
Production total thous pairs
Shoes, sandals, and play shoes, except athletic,
thous pairs
Slippers thous pairs
Athletic thous pairs
Other footwear thous pairs
, .
Exoorts thous oairs
Producer Price Indexes:
Men's leather upper, dress and casual,
1982=100
. .
Women's leather upper 1982=100
Women's plastic upper 1982=100
210490
201 648
12596
8,808
1 946
57534
41 184
3680
34Q5
291
127.5
135.8
138.0
1162
1100
1209
1134
1219
1842
. .
110.7
«47 602
38399
37683
6
28,436
6
9473
M047
28,146
4076
28,424
5675
3,584
895
543
548
6177
tf
138.3
121 3
110.7
140.3
1223
110.7
140.3
123.8
113.4
141.0
141.4
141.4
141.4
1240
1241
1242
1246
113.6
115.6
116.9
116.8
141.7
124.7
116.8
141.7
" 124.7
r
116.8
r
13. LUMBER AND PRODUCTS
LUMBER-ALL TYPES #
[Millions of board feet, unless otherwise indicated!
National Forest Products Association:
Production total
Hardwoods
Softwoods
Shipments total
Hardwoods
Softwoods
Stocks (gross) mill end of period total
Hardwoods
Softwoods
Exports total sawmill products
Imports total sawmill products thous cubic meters
2
2
2
58 749
10 869
47 880
254533
2
2
9 480
45159
2914
736
2178
3534
3410
3661
3958
3837
3762
3664
3808
851
2,683
810
2,600
838
2,823
880
3,078
916
2,921
803
2,959
846
2,818
863
2,945
3682
r
825
2,857
r
3,676
r
2,863
2
2
2
2
3240
3,301
711
3617
761
3,412
775
3,926
624
755
2
235931
2249
2485
2590
2826
3182
3152
3003
2,637
3,036
4734
4,734
4,925
4,949
4,946
4,849
4,600
4,699
4,684
4,793
4,786
9552
8,749
501
452
8,751
8,798
772
547
452
484
527
772
613
437
671
628
815
643
434
656
646
825
829
556
722
707
840
865
607
803
814
829
797
586
737
818
748
680
532
700
734
714
579
475
673
636
751
709
443
707
741
717
695
445
678
693
702
129.4
128.0
125.7
161.6
131.7
"139.2
49 003
11 347
37 656
4898
4
46 083
10 102
2873
791
4,037
855
4,028
876
3,764
890
813
r
3933
r
937
828
2,996
2,607
r
4,012
r
3,435
3,440
966
808
3,046
2,632
4,741
4,710
64 355
SOFTWOODS
(Millions of board feet, unless otherwise indicated]
Douglas fir:
Orders new
Orders unfilled end of period
Production
Shipments
Stocks (cross) mill end of period
Exports total sawmill products thous cubic meters
Sawed timber thous cubic meters
9,620
9,687
4
809
2 781
4
335
705
465
710
685
727
649
447
653
667
713
725
504
610
668
655
140.6
140.1
143.0
Boards, planks, scantlings, etc., thous. cubic
*2450
Producer Price Index, Douglas fir, dressed,
1982=100
See footnotes at end of tables.
151.6
138.0
127.8
129.9
144.4
167.0
146.3
SURVEY OF CURRENT BUSINESS
S-24 • February 1992
Annual
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1951-88
1989
1990
1990
1991
Jan. |
Dec.
Mar. |
Feb.
Apr. | May
June |
1992
July
Aug. |
Sept.
Oct.
Nov. | Dec.
Jan.
13. LUMBER AND PRODUCTS-Continued
SOFTWOODS-Continued
[Millions of board feet, unless otherwise indicated]
Southern pine:
Orders new
Orders unfilled end of period
Production
Shipments
Stocks (gross), mill and concentration yards, end of
period
Exports total sawmill products cubic meters
Producer Price Index, southern pine, dressed,
1982=100
Western pine:
Orders new
Orders unfilled end of period
Production
Shipments
Stocks (gross), mill, end of period
Producer Price Index, other softwood, dressed,
1982=100 .
.
.
....
1
12 366
633
'12544
1
12 567
2
2049
1 206 526
1
855
665
950
892
979
677
924
961
1 147
1 059
1275
696
821
968
690
909
641
1 113
756
12,911
1
12 763
859
697
867
815
1,024
1065
1,102
1 124
1071
1 146
1 123
1 101
1 021
950
1,049
1 091
2197
2197
2242
2219
2177
2164
2080
2090
1 973
2122
1
12 827
697
666
1080
1110
1028
1039
100.3
1036
1100
1108
1225
1245
1126
11 143
10582
692
483
611
663
701
472
764
712
711
470
742
713
835
548
788
757
916
582
849
882
933
649
826
866
760
550
835
859
772
545
848
777
899
529
914
915
1,211
1,263
1,292
1,290
1,250
1,226
1,304
1,303
506
483
11,229
11,174
1,402
10,452
10,605
1,211
127.1
126.3
119.0
9.5
8.3
2065
2053
10.0
9.9
142
1,323
M 070
r
678
1 039
r
1 060
r
r
r
1 169
648
1 169
M 204
965
671
956
937
2102
2071
2084
1101
108.9
111 1
873
544
876
858
888
554
840
878
748
537
762
765
715
493
706
759
1,321
1,283
1,280
1,227
129.4
129.3
131.1
136.1
141.9
13.1
15.0
16.6
15.8
16.1
16.3
19.1
8.0
7.7
7.6
447
676
3
r
119.6
119.5
122.3
125.6
131.5
142.6
144.0
1322
'8.6
14.3
12.6
8.1
151
9.5
187
10.7
16.4
11.1
11.0
138
11.5
17.3
13.1
18.0
10.0
9.7
171
9.8
9.8
179
11.4
10.9
10.1
9.9
8.9
186
8.4
598
772
1,252
1,260
2
627
857
2
495
723
1
606
585
2
486
668
1
427
973
4
1140
117.3
HARDWOOD FLOORING
[Millions of board feet]
Oak:
Orders, unfilled, end of period
Shipments
Stocks (gross) mill end of period
7.6
11.2
r
14. METALS AND MANUFACTURES
IRON AND STEEL
[Thousands of short tons]
Exports:
Steel mill products
Scrap
Pig iron
Imports:
Steel mill products .
Scrap
Pig iron
Iron and Steel Scrap
[Thousands of metric tons, unless otherwise indicated]
Production
Receipts net
Consumption
Stocks end of period
Composite price, No. 1 heavy melting scrap:
American Metal Market $ per metric ton
Ore
[Thousands of metric tons]
Iron ore (operations in all U.S. districts):
Mine production
Shipments from mines
Imports
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants
Exports (domestic)
Stocks total end of period
At mines
At furnace yards
At U S docks
Manganese (manganese content) general imports
Pig Iron and Iron Products
[Thousands of short tons, unless otherwise indicated]
Pig iron:
Production (including production of ferroalloys)
Consumption thous metric tons
Stocks end of period thous metric tons
Castings, gray and ductile iron:
Shipments total
For sale
Castings, malleable iron:
Shipments total
For sale
See footnotes at end of tables.
4578
13305
12
4303
12,765
17,321
1,120
488
17,162
1,424
383
160
28
23014
41 B71
65507
4213
23083
39624
63705
3989
105.61
439
732
1
486
851
1
368
863
1
595
862
1
1,291
1,231
1,571
1,367
1,080
1,395
1,032
1,152
1,230
1,312
81
56
92
70
87
48
83
56
102
11
89
15
114
30
101
39
105
25
123
^52
98
43
108
33
1 636
2828
4614
3989
1801
2974
4947
3999
1599
2804
4458
3978
1689
2991
4679
4102
1 701
3037
4,795
4036
1 672
2999
4718
4035
1 754
2972
4836
3970
1 713
2957
4,763
3907
1 697
3143
4,924
3862
1 723
3150
4,975
3850
105.46
103.17
103.38
100.74
97.23
96.24
93.28
87.56
85.81
88.79
90.22
89.12
84.80
84.32
59032
58299
19596
56408
57010
18054
4646
5452
1,350
4451
2269
4,274
1 585
4,135
1 897
4,754
5264
397
503
834
4,846
5678
1,485
5,070
5548
1,369
4,218
5328
698
71 156
73059
5365
22476
4575
15730
2171
73797
73681
3199
22978
4795
15910
2273
6347
5436
1,831
4475
2,615
5296
5,096
4,830
6,380
5,083
6,624
4971
6,765
5,514
6,617
5,564
7,075
5,579
6,612
5,669
6,065
5,739
401
541
445
22978
4795
15910
2,273
3,220
5296
•j-j
22572
6493
13820
2,259
22218
9182
11 174
1,862
21 316
11 421
8,493
1,402
20757
10910
8,749
1,098
21756
10078
10,067
1,611
23174
9604
11,732
1,838
8510
13,044
1,765
14,098
1,926
15,768
2,284
16,711
2,150
17,030
2,455
55,873
51 106
54,925
50019
4,264
3,807
4,077
3,808
3,470
3,354
4,047
3,867
3,830
3,573
3,885
3,615
3,830
3,609
4,179
3,954
4,121
3,961
4,175
3,960
4,251
4,300
275
130
130
149
125
129
153
158
151
159
157
'8959
'6756
'299
'146
16
•*8310
4
6 257
4
276
154
4
412
826
1
1,552
24
1,655
2
1
134
3
()
r
1,325
4,338
4,390
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1961-88
Annual
1989 |
1990
1990
February 1992 •
1992
1991
Jan.
Dec.
|
Feb. |
Mar. |
Apr. | May
S-25
June |
July |
Aug.
Sept.
Oct. |
Nov. |
Dec.
Jan.
7,754
80.5
14. METALS AND MANUFACTURES-Continued
Steel, Raw and Semifinished
[Thousands of short tons, unless otherwise specified]
Steel (raw):
Production
Rate of capability utilization, percent
7
97 943
84.5
98015
84.0
;
4
7422
75.0
7577
74.6
6705
73.1
7283
71.7
7089
72.5
7076
70.0
7017
71.7
7338
74.8
7,386
75.2
7457
78.5
7711
78.0
7461
78.0
7347
74.4
Steel castings:
For sale, total
1 184
1,081
1 136
^ 034
1
4
84,100
84,981
6,187
6,786
6,039
5,966
6,450
6,762
6,623
6,420
6,954
6,746
7,499
6,427
6,118
6236
5,355
7384
6313
6093
7945
446
474
586
37
533
506
675
44
550
470
551
52
550
465
590
52
595
469
618
41
647
421
583
32
584
479
565
21
642
520
568
21
550
486
543
17
642
548
599
37
522
498
539
27
498
400
538
59
1 006
1 107
1 111
1,110
1,154
1,162
1,215
1,063
1,030
593
594
450
115
360
69
336
626
457
128
337
80
345
551
400
108
302
64
310
534
395
97
300
52
371
3,222
1,141
1 003
3,696
1,253
1 175
3,102
1,090
2,870
1,008
Steel Mill Products
[Thousands of short tons]
Steel products, net shipments:
Total (all grades)
By product:
Semifinished products . .
Structural shapes (heavy), steel piling
Plates
Rails and accessories
562
519
Bars and tool steel total
Bars* Hot rolled (including light shapes)
Bars* Reinforcing
Bars: Cold finished
14171
7617
5015
1,472
14727
7878
5*305
1,486
Pipe and tubing
Wire-drawn and/or rolled
Tin mill products
Sheets and strip (including electrical), total
Sheets: Hot rolled
Sheets' Cold rolled
4,011
1 002
4,126
41,261
12,898
13854
4,032
39,784
13,388
13199
By market (quarterly):
Service centers and distributors
Construction, incl. maintenance
Contractors' products
Automotive
Machinery, industrial equipment, tools
Containers packaging ship materials
Other
18185
6861
2863
11 180
1 096
2,162
4458
37,488
4,652
918
562
355
85
368
51
406
660
317
125
414
69
335
586
349
112
398
67
292
527
452
548
58
979
540
329
107
424
75
298
2,813
1018
3,105
1,151
2,608
917
980
839
952
1,077
1,097
603
392
111
411
82
342
572
425
110
428
77
365
549
420
104
383
73
336
560
434
99
332
75
350
112
402
79
359
2,605
986
2,846
974
2,918
1,074
3,208
1,162
922
3,059
1,113
3,071
1,145
791
924
906
982
1,051
936
'1-1-1
2
18250
7,391
2793
10444
4424
1836
4091
1,629
4218
1,711
4484
1,790
703
539
547
605
2337
2047
2379
2416
901
203
467
261
481
214
425
155
379
1 183
9,594
1009
8,701
1 130
9,235
1087
9,280
1,689
2
664
2
215
2
1067
2
72
2
141
2
361
2
3,289
13.1
12.4
2,104
4474
38,378
970
2
1,467
2
582
2
179
2
877
2
2
54
117
316
2
2,835
2
959
2
1,463
2
485
2
172
2
651
2
83
2
100
2
373
2
2,790
[Millions of short tons]
Producing steel mills, inventory, end of period:
Total
.
Steel in process
Finished steel
Steel service centers (warehouses), inventory, end of
oeriod
130
79
51
14.0
81
59
140
81
59
69
67
4030
2054
13.7
12.7
13.1
13.5
13.4
13.6
79
57
79
5.8
82
5.6
84
5.4
82
5.3
82
5.2
84
5.2
78
5.3
78
5.3
7.3
5.1
73
5.4
7.6
5.5
67
67
69
66
64
62
61
59
57
53
5.6
5.6
5.9
4048
2393
347
152
349
174
317
155
352
180
340
196
353
186
343
191
354
199
350
203
336
190
347
195
337
173
9230
3404
9596
3403
606
231
795
239
794
233
843
232
882
202
851
207
759
209
973
208
890
188
866
218
219
593 1
4462
6798
4377
760
249
61 1
548
355
467
381
828
448
564
484
71 3
348
481
690
449
801
554
546
429
680
500
8784
7404
6975
6875
6813
.6831
.6388
.5932
.5775
.5896
.5766
.5575
.5246
.5241
15468
12304
7612
2200
14757
11*960
7514
1 120
1 179
1 086
1221
1 211
940
618
996
635
1 357
1*028
673
661
970
619
\ 347
M 047
r
668
1250
877
561
1 376
1 029
1 263
941
586
1 295
1 030
1 271
844
574
4016
4013
4013
4068
4169
4256
3990
3935
3,919
r
3,833
1 4978
1 4768
1 5872
1 5766
136 1
1348
1369
1307
1267
M204
1385
1281
1396
1308
141 3
'1349
131 5
134.9
141 7
141.0
1 1649
1 1832
101 6
311 9
4799
3935
4408
33.2
457 7
3001
13.6
13.8
13.8
13.1
NONFERROUS METALS AND PRODUCTS
[Thousands of metric tons, unless otherwise specified]
Aluminum:
Production primary (dom and foreign ores)
Recovery from scrap
Imports:
Metal and alloys crude
Plates sheets bars etc
Exports:
Metal and alloys crude
Plates sheets bars etc
Price, U.S. market, 99.7% purity, monthly average,
$ per Ib
Aluminum products:
Shipments:
Ingot and mill prod (net ship ) mil Ib
Mill products total mil Ib '
Sheet and plate mil Ib
Castings mil Ib
Inventories,' total (ingot, mill products, and scrap),
end of period mil Ib
Copper:
Production:
Mine recoverable copper
Refined from primary materials
Electrolytically refined:
From domestic ores @
From foreion ores
Electrowon
Refined from scrap
Imports, unmanufactured:
Refined
Exports:
Refined and scrap
Refined
Consumption refined (reported by mills etc )
Stocks refined end of period
Price, avg. U.S. producer cathode, delivered, $ per
feS
See footnotes at end of tables.
3
5
J
J
r
r
669
995
639
4212
4135
4044
1295
'1270
1477
1396
r
1369
1207
r
925
998
844
'91 9
r
29.7
r
322
34.1
r
405
34.5
r
396
39.8
36.4
r
r
320
29.2
'354
382
357
326
441 3
261 7
271
167
384
227
395
280
448
304
27.1
21.7
30.9
17.5
31 s
23.6
23.7
5656
130 2
2203
2112
2150
520
214
146
109
23.9
107
402
168
172
M02
31.5
101
676
336
175
M05
753
374
179
107
198
148
101
M71
107
'110
1.3094
1.2316
1.1561
1.1461
1.1501
1.1395
1.1313
1.0557
1.0388
3
3
J
3
r
1014
r
907
r
940
r
r
r
171
38.8
r
3,899
960
965
1004
38.9
r
33.1
38.4
28.5
40.6
37.4
31 3
17.4
22.9
355
20.6
144
131
90.4
20.9
191
326
17.9
r
r
r
M11
184
100
202
109
1.0597
1.1111
1.1134
1.0434
950
626
.5034
.5367
SURVEY OF CURRENT BUSINESS
S-26 • February 1992
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, i96i-88
Annual
1989 |
1990
1990
1992
1991
Jan. |
Dec.
Feb.
Mar. |
Apr.
May
June |
July
Aug. |
Sept. |
Oct. | Nov.
Dec.
Jan.
14. METALS AND MANUFACTURES-Continued
NONFERROUS METALS AND PRODUCTSContinued
[Thousands of metric tons, unless otherwise specified!
Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products, mil. Ib.
Copper wire mill products (copper content) mil Ib
Brass and bronze foundry products, mil. Ib
Lead:
Production:
Mine recoverable lead
Recovered from scrap (lead content)
Imports ore (lead content)
Consumption total
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content) ABMS
.. .
Refiners' (primary), refined and antimonia! (lead
content)
Consumers' (lead content) 0
Scrap (lead-base, purchased), all smelters
(gross weight)
Price, common grade, delivered, $perlb. @@
Tin:
Imports (for consumption):
Ore (tin content), metric tons
Metal unwrought unalloyed metric tons
Recovery from scrap total (tin content) metric tons
As metal metric tons
Consumption total metric tons
1
4740
1
9230
808 6
120 8
984
' 1 283 2 7 1 275 2
M109
1
3
735
156
827
3
Price Straits quality (delivered) $ per Ib
Zinc:
Mine prod recoverable zinc
. .
Imports:
Ores (zinc content)
Metal (slab blocks)
Consumption (recoverable zinc content):
Ores
Scrap all types
Slab zinc:
Production total $
Consumption fabricators
Exports
Stocks, end of period:
Producers' at smelter (ABMS)
Consumers'
Price hioh tirade $ per Ib
41 1
790
744
78
435
720
46
378
720
77
101 2
101 3
41 6
71 0
11 2
475
698
76
984
924
90.8
364
707
973
101 3
1053
539
603
63.7
61.0
59.4
65.9
73.6
74.3
243
535
270
529
21 3
175
489
162
431
154
380
255
628
242
620
494
700
103
361
723
125
384
743
101.9
102.7
105.9
75.7
73.1
74.5
91
354
66
333
41
307
41 1
r
r
r
174
201
201
158
135
128
.3323
.3330
.3260
.3279
129
.3286
149
.3452
11 2
.3203
139
.3852
11 3
.3334
122
.4602
.3339
.3462
33810
17275
2280
2403
2934
1601
1946
2554
2006
2830
3173
1960
439
560
489
585
554
478
558
373
522
15
530
15
3052
'531
3900
2900
4100
3000
3900
2900
4100
3100
4300
3200
4100
3100
4200
3200
3900
3,000
4100
3,100
4000
3,000
3
216
33 988
15 213
1
569
46371
39000
3
904
6072
52018
7
275.9
5
41 0
•*711 6
68.8
71.5
.3448
.3465
.344.9
15
357
16
'4300
'3,300
4,100
3,100
658
52
25
60
11
111
129
145
129
71
61
105
4829
37321
6337
36822
6677
36488
6688
36075
6177
36204
5993
36834
5991
3.6895
6348
3.6707
6739
3.6506
6544
3.6076
'6616
3.5862
6465
3.5519
5154
43.6
45.5
41.9
43.8
45.5
49.4
36.9
43.0
47.4
49.5
'39.0
33.4
10
41 9
11
14
39.8
81
357
104
45
21
1.5
1.0
36.0
39.9
46.6
51.4
55.3
467
16
631 7
409
80
500
2
21 1
21
24
2503
21 1
205.3
1 060 0
207.8
991 0
80
58
4.7
603
70.9
4829
38629
251 7
3
127
186
44363
36900
2
1
7
255
628
41 5
.3935
1
Exports (metal) metric tons
539
355
773
4.6
370
2
21 1
2
21 1
21 1
21 1
21 1
21 1
.2
.2
.2
.2
21 1
21 1
,21 1
21.1
17.5
'859
16.2
81.0
16.6
17.6
3.7
4.5
4.6
5.8
34.5
.4356
35.3
.5464
17.2
17.3
15.0
16.9
15.8
17.7
15.6
16.4
13.6
15.8
671
2
800
3
690
4
659
4
678
4
683
7
688
8
736
780
.4
793
.3
4.6
3.9
5.3
41 5
5808
41 2
5593
3.5427
8.5
406
3.9
437
4.7
430
4.2
393
3.6
381
2.9
354
3.7
356
5611
5763
4984
4840
.4867
.4836
.4978
.6
8206
41 6
7459
41 6
6209
3945
4330
843
896
1381
1403
885
223
164
1556
131 9
1185
1257
1148
1324
1223
1400
114.7
132.6
141.4
1174
121 1
1129
1049
1070
1074
1070
1041
1083
109.8
107.6
109.7
107.6
110.0
106.3
.9976
'.9676
'.9548
'.9670
'.9369
'1.0616
.8974
.8617
4
MACHINERY AND EQUIPMENT
[Millions of dollars, unless otherwise specified]
Industrial heating equipment, new orders (domestic),
qtrly #
F If on
h f
n PV
Materials handling equipment, dollar value bookings
index 1882 100 ^
Industrial supplies, machinery, and equipment:
New orders index seas adi 1 987-1 00 @
Industrial suppliers distribution:
Sales index not seas adj 1990=100
Inflation index, not seas. adj. (tools, material
handling equipment, valves, fittings, abrasives,
Fluid power products shipments indexes:
Hydraulic products 1985-100
Pneumatic products 1985~100
Machine tools:
Metal cutting type tools:
Orders new (net) total
.
Domestic
Shipments, total
Domestic
Qrder backlog end of period
Metal forming type tools:
Orders, new (net) total
Domestic
Shipments total
Domestic
Order backloa. end of period
See footnotes at end of tables.
. . .
302
471
r
1 0000
824
147
284
1296
.9704
r
.9114
r
.9611
r
.9753
r
83.7
21 3
13.8
162.0
1820
1894
191 8
1930
1933
1944
1952
1956
1957
1960
1965
1963
1963
1968
195.9
144
133
138
131
114
118
131
128
124
129
130
140
132
138
123
137
120
127
112
120
116
128
121
127
124
142
'113
'126
110
122
1 976.35
1,722.80
2,358.60
2 059 20
1 423.3
2,070.30
1,771.95
2,329.60
2 004 45
1,164.0
178.10
151.10
266.45
209.95
1,164.0
130.05
107.20
110.80
93.25
1,183.2
186.25
113.80
133.15
109.45
1,236.4
153.55
127.20
173.85
148.75
1,216.0
136.45
109.95
145.35
126.55
1,207.2
109.60
96.45
173.85
157.25
1,142.9
130.95
87.70
142.60
104.30
1,131.2
145.60
123.25
149.40
137.35
1,127.4
126.40
117.30
137.35
121.85
1,116.5
174.05
150.25
166.80
140.90
1,123.8
155.85
133.90
177.30
155.35
1,102.3
161.55
140.85
144.35
118.70
1,119.5
'283.65
'241.35
'217.00
'181.65
'1,186.2
158.55
153.40
106.25
97.50
1,238.4
831.60
719.05
837.00
704.15
380.3
894.40
760.55
970.30
851.10
304;4
117.70
102.25
84.05
77.20
304.4
69.80
59.80
71.75
61.00
302.4
58.90
51.30
69.00
58.80
292.4
51.90
31.45
103.00
86.05
241.2
57.25
37.30
61.70
47.05
236.8
43.40
35.05
58.00
44.60
222.2
41.95
25.05
69.55
47.15
194.6
47.65
26.90
63.40
35.00
178.8
109.35
87.05
46.00
30.75
242.2
70.75
56.30
49.90
36.05
263.0
68.80
51.35
58.45
48.35
273.4
69.15
41.35
85.90
76.90
256.6
59.25
43.45
65.00
52.90
250.9
58.65
50.65
53.35
37.85
256.2
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1951-88
Annual
1989
February 1992 *
1990
1990
1992
1991
Dec.
Feb. |
Jan.
Mar. |
May
Apr.
June
S-27
July
Aug. |
Sept. |
Oct.
Nov. |
Dec.
Jan.
14. METALS AND MANUFACTURES-Continued
MACHINERY AND EQUIPMENT-Continued
Tractors used in construction, shipments, qtriy:
Tracklaying (ex. shovel loaders), units
TracWaying (ex. shovel loaders), mil. $
Wheel (contractors' off-highway), units
Wheel (contractors' off-highway), mil. $ . . . .
Shovel loaders, units
Shovel loaders mil $ .
1
10,000
1,1 63.7
4,237
3662
7
60,277
7
22120
1
3
J
8,303
1,073.0
5
4,058
5
3490
3
5
57 766
1 9596
ELECTRICAL EQUIPMENT
[Thousands]
Batteries (auto.-type replacement), shipments
Radio sets, production total market $$ . ..
Television sets (incl. combination models), production,
total market $$
.
Household major appliances, industry shipments #
Air conditioners (room)
Dishwashers . . . .
Disposers (food waste)
Microwave ovens/ranges
Ranges
.
. . .
Refrigerators
Freezers
Washers
Dryers, including gas
Vacuum cleaners (qtrly )
.
64,433
25,254
65,187
21585
5,366
5,163
1 376
4,079
4,063
4,700
4,932
5,265
5,541
6,545
6,962
6,833
6,773
1438
1 345
1,298
1 356
1 186
1 261
1542
1682
2125
2213
1768
1380
24859
21 779
1 753
1 318
1454
1 761
1267
1235
1 397
1245
1 569
2249
1846
2,009
2300
1257
'46,567
'43,194
2,872
3,376
2,984
3,524
3,605
3,720
3,944
3,384
3,247
3,324
82
276
262
688
263
451
100
417
319
2572
159
322
362
'•680
268
483
95
555
418
185
255
309
565
236
434
75
486
344
496
278
362
511
277
533
100
507
344
2850
532
305
282
471
278
606
114
519
344
613
288
306
509
264
664
109
490
319
447
304
360
543
275
787
142
546
351
2405
171
287
294
507
263
774
154
511
347
63
301
355
548
273
673
138
525
345
12
286
459
610
280
666
137
513
351
3,095
3,515
22
342
312
739
319
648
118
593
418
3,251
31
306
280
854
295
513
106
485
373
3,143
76
296
338
696
282
492
125
468
360
2,620
3,163
103
272
349
698
253
466
90
512
386
153
187
372
150
190
347
128
159
318
126
193
332
120
194
346
110
188
319
162
203
315
157
178
301
196
189
295
238
211
302
239
245
378
208
226
314
224
215
370
181
1
1
5 091
4150
3637
4,137
'3668
4,363
1
10 598
8126
'3048
1
7,099
'3444
7
7,101
1 296
6,192
4,320
11 082
1 219
1
6,252
1
4,574
11 373
r
4
5,729
GAS EQUIPMENT (RESIDENTIAL)
[Thousands]
Furnaces warm air shipments
Ranges total shipments
Water heaters (storage), automatic, shipments
2162
2167
r
4,130
1950
2429
3,906
15. PETROLEUM, COAL, AND PRODUCTS
COAL
[Thousands of short tons, unless otherwise specified]
Anthracite:
Production
. . . .
Exports, thous. metric tons
Producer Price Index, 1962=100
Bituminous and lignite:
Production
Consumption total
Electric power utilities
Industrial total
Coke plants (oven and beehive)
Residential and commercial
Stocks end of period total
Electric power utilities
Industrial total
Oven-coke plants
Exports excluding lionite thous metric tons
Producer Price Index 1982=100
3519
2>
677
103.4
179
'248
'243
'259
'230
'224
'235
'253
'313
'285
248
214
170
105.5
106.8
106.8
106.6
106.6
105.4
105.0
105.0
104.7
104.7
104.7
105.1
106.4
106.4
'81 504 '90230
'81644
79,244
75487
'85810
'82592
'85012
'79324
'79917
'76896
'79720
'88818
'79405
'68,493
9852
3139
1059
81 734
71,190
9682
3031
68309
58,443
9261
2566
69321
59,195
9586
2985
64394
55,483
8466
2675
70214
61,298
8551
2710
74716
65,777
8583
2690
81245
71,862
8956
2929
81244
71,919
8939
2916
862
605
541
445
365
355
427
387
320
'168210
'156166
12045
3329
'168210
'156166
12045
3329
160,224
148736
11 488
3262
167406
157031
10375
3130
173098
162804
10294
3181
175696
165483
10214
3232
171543
161 410
10133
3283
165741
155668
10073
3087
163244
153231
10013
2891
164004
154051
9952
2695
91 458
954
95984
7088
5637
973
978
984
163133
152202
10931
3196
7373
98.1
7237
97.4
6275
97.2
9088
97.1
8417
97.9
9162
97.5
9563
96.5
33015
39533
28948
40332
7132
3502
3518
3056
5967
3276
3303
3527
5706
3404
3537
1 gig
1674
1 918
1 674
980729
890559
766,888
117503
41 369
6167
146087
135860
10227
2864
2
3506
1 025 569
r
r
896 427
773,549
116154
39824
6724
73943
64,652
8971
2932
61,948
63,830
158813
158,605
9577
'96.5
8386
95.8
9618
96.8
3575
3410
3,501
3,505
106.4
95.9
96.5
55.2
51.3
COKE
[Thousands of short tons, unless otherwise specified]
Production:
Beehive and oven (byproduct)
Petroleum coke §
Stocks, end of period:
Oven-coke plants total
At furnace plants
At merchant plants
Petroleum coke
Exports thou metric tons
1 919
1 703
216
1 720
2
1 043
2093
1,831
2003
1720
244
244
1436
1436
1426
1 680
1791
1 646
1 674
1 742
1 680
1 638
1,622
1,635
1,888
49597
70.9
4981 3
79.3
401 8
87.9
4008
64.2
3701
54.1
4044
56.3
3984
58.8
4256
56.2
4237
59.3
4321
60.4
4337
'60.4
4163
66.3
406.5
64.0
394.6
86
87
83
83
84
83
85
87
90
89
89
88
83
84
63047
62087
4791
5022
4530
489.0
497.4
5459
514.6
568.7
545.4
503.1
513.3
500.0
27788
26847
5983
2275
2300
521
532
211 4
50.6
2319
54.1
2240
52.2
2284
54.2
2185
50.8
2771
52.5
2254
56.7
220.0
50.8
229.7
54.3
219.2
54.0
22837
6562
-158
66349
23251
6008
1557
1801
5481
189.3
40.0
-18.6
552.2
182.9
43.8
392
65129
51.7
259.5
39.7
272.4
5.0
1.6
4.3
4.2
4.9
5.1
2.4
4.3
1.7
3.3
2.8
3.8
31.7
35.6
36.1
25.0
17.2
30.5
25.3
25.5
24.3
20.3
25.6
24.0
283
263
PETROLEUM AND PRODUCTS
[Millions of barrels, unless otherwise specified]
Crude petroleum:
Producer Price Index, 1982=100
Gross input to crude oil distillation units
Refinery ooeratino ratio % of caDScitv
All oils, supply, demand, and stocks:
New supply total 0
Production:
Crude petroleum
Natural gas plant liquids
Imports:
Crude and unfinished oils
Refined products
Chanoe in stocks all oils
Product demand total
Exports:
Crude petroleum
Refined products
See footnotes at end of tables.
56.3
5861
438
392
1692
177.8
2152
199.2
201.4
220.2
190.3
389
280
339
-123
496.3
-156
528.3
433
187
505.2
482
503
534.6
461
56
530.5
377
361
554.0
470
110
420
-368
5605
163.6
557.1
16.7
524.6
2.9
528.0
SURVEY OF CURRENT BUSINESS
S-28 • February 1992
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, i96i-88
Annual
1989 |
1990
1990
Dec.
1992
1991
-I
Feb. |
Mar. |
A| pr. |
May |
June |
July | Aug. I
Sept |
Oct)
H
Dec.
Jan.
15. PETROLEUM, COAL, AND PRODUCTS-Continued
PETROLEUM AND PRODUCTS-Continued
[Millions of barrels, unless otherwise specified]
All oils, supply, demand, and stocks—Continued
Domestic product demand, total #
Gasoline
Kerosene
Distillate fuel oil
Residual fuel oil . .
Jet fuel
Lubricants
Asphalt
Liquefied petroleum gases
Stocks end of period, total
Crude petroleum
Strategic petroleum reserve
Unfinished oils, natural gasoline, etc
Refined products
Refined petroleum products:
Gasoline (incl. aviation):
Production
Stocks end of period
Prices, regular grade (excl. aviation):
Producer Price Index, 1982*100
Retail, U.S. city average (BLS):
Leaded $ per gal
Unleaded, $ per gal.
Aviation gasoline:
Production
Stocks end of period
Kerosene:
Production
Stocks end of period
Producer Price Index (light distillate), 1982=100 .
Distillate fuel oil:
Production
Stocks end of period
Producer Price Index (middle distillate),
1982=100
Residual fuel oil:
Production
Imports . . .
.
. .
...
Stocks, end of period
Producer Price Index, 1982=100
Jet fuel:
Production
Stocks end of period
Lubricants:
Production . . .
Stocks, end of period
Asphalt:
Production
Stocks, end of period
Liquefied petroleum gases:
6,323.7
26841
308
1 1522
5001
5436
58.1
1655
6089
1,581.4
921 1
579.9
152.0
5083
6,200.8
26496
155
1 1025
4485
5556
597
1763
5680
1,620.6
9084
585.7
145.4
5668
511.3
2169
26
873
402
478
37
68
546
1,620.6
908.4
585.7
145.4
5668
523.3
2064
31
1040
351
480
4.8
53
663
1,586.7
9058
585.7
1492
531 7
455.9
191 1
16
840
347
426
33
51
688
1,574.5
9128
581.6
153.3
5084
4991
2191
14
920
374
444
42
74
482
1,558.9
9053
5685
153.6
5000
4831
2148
11
861
338
405
45
11 3
427
1,577.6
9072
5685
157.5
5129
4990
2325
8
848
31 3
407
48
150
422
1,628.0
9270
5685
163.9
5370
5029
2248
5
835
380
440
46
189
433
1,633.6
9161
5685
161.0
5565
5242
2351
4
821
346
468
51
203
480
1,633.9
9110
568.5
159.2
5637
531.1
2354
6
861
374
473
47
21 6
485
1,645.0
9138
5685
15.8
5728
501.1
2135
2
852
320
446
45
208
492
1,661.7
9096
5685
162.7
5895
523.7
2261
7
939
319
460
47
188
485
1,643.1
9112
5685
159.6
5722
500.2
2107
34
875
339
435
41
97
551
1,646.0
9126
5685
154.9
5785
25507
1791
25484
1824
2140
182.4
2061
1891
1846
1827
2064
1744
2028
1719
2198
1737
2214
1785
2267
1735
2257
1728
2121
1791
2098
1683
2109
1733
70.3
69.4
66.6
692
71.4
69.9
70.3
67.0
60.6
1.123
1.073
63.6
53,,8
67.1
80.3
90.5
802
71.5
61.6
63.4
997
1.022
1 149
1 164
1 335
1354
1 246
1.247
1 137
1.143
1 047
1082
1 062
1 104
1156
1 160
1 127
1 140
1.143
1.122
1.134
92
21
85
17
5
17
6
19
54
19
5
18
5
17
8
17
8
17
10
21
8
17
8
17
7
17
39
16
26.9
51
57.8
163
56
75.4
1.6
56
94.2
2.4
55
822
1.7
50
75.9
7
42
66.4
11
43
59.5
.8
42
60.7
.8
47
61.1
.8
51
58.9
.4
49
62.1
.8
56
66.6
1.1
64
66.0
1.6
59
68.8
10580
1117
1057
1 0675
101 5
1322
904
7.4
1322
884
5.9
112.1
803
3.9
101.3
887
6.4
98.3
847
7.7
102.2
906
57
107.0
882
6.3
113.5
928
4.7
124.3
91 7
52
130.6
91 6
6.6
139.5
942
6.4
1382
931
7.3
144.4
At gas processing plants (LP.G.)
At refineries (L.R.G.)
Stocks (at plants and refineries)
(3)
584
735
89.3
829
74.3
61.6
60.0
596
576
58.1
62.1
65.4
67.2
71.3
622
54.2
3481
2296
438
47.6
3466
1838
48.6
57.2
31 7
15.0
48.6
74.1
310
131
47.6
68.0
294
10.7
44.6
62.8
309
10.3
42.9
472
275
125
44.7
44.3
287
130
45.8
412
280
150
43.5
43.7
27 0
13.0
43.4
42.8
287
17.6
45.6
44.0
251
142
47.9
'57.4
252
13.6
48.1
39.7
26.9
13.6
49.0
40.5
452
48.5
5121
409
5432
521
487
521
467
505
433
480
403
446
38.6
437
423
469
442
486
44.2
471
46.1
477
44.9
496
43.9
478
43.0
482
614
13.8
61 2
12.4
50
12.4
52
12.5
45
13.3
50
13.7
4.6
13.4
4.9
132
50
132
4.8
12.6
4.7
12.7
4.9
12.7
4.5
122
42
12.1
1549
20.6
1640
18.7
9.2
18.7
7.7
21.5
94
26.4
113
30.9
121
32.1
14.7
32.3
15.9
30.4
17.0
28.1
17.6
24.9
16.8
220
14.4
18.4
10.6
19.9
653.5
451.3
202.2
802
6384
456.2
1822
979
525
40.3
12.1
979
532
412
12.0
76.3
512
38.5
12.7
68.8
58.5
42.0
16.5
726
564
40.0
16.4
831
59.7
41.0
18.7
963
56.8
38.7
18.1
1060
57.4
39.5
17.9
111.6
57.2
39.9
17.3
116.4
53.5
38.6
14.8
115.5
54.8
41.6
13.2
115.9
53.5
41.6
11.9
105.8
7,839
7,966
6,126
.r.
16. PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD
[Thousands of cords (128 cu. ft.)]
Receipts
.
...
Consumption
Inventories end of period
1
99 279
'98414
5462
1
99,304
'99109
5961
7,920
8,012
5961
8,779
8,801
5,732
8,171
8115
5,554
8,161
8161
5,670
8,097
8271
5,082
7,934
8,108
4,936
8,120
7992
4,880
8,385
8,239
4,948
8,351
8,419
5,100
8,125
7,871
5,501
8,602
8,293
6,122
20981
r
915
1,717
909
1,815
927
1,669
917
1,816
907
1,754
960
1,763
1,025
1,800
998
1,801
1,021
1,944
1,014
'r 1,956
1,050
r
2,01 7
r
63,050
1293
51,192
r
6,345
4,219
5,428
123
4,392
554
359
5,579
115
4,530
563
371
5,033
104
4,098
503
329
5,319
124
4,310
547
338
5,285
115
4,270
555
346
5,188
92
4,232
528
335
5,197
124
4222
520
331
5,604
129
4,576
552
347
5,357
117
4,392
532
316
5,133
116
4,176
511
330
226
476
392
226
476
392
201
521
419
216
554
409
216
483
406
198
521
394
210
532
389
214
515
351
220
586
353
232
614
366
192
575
348
WASTE PAPER
[Thousands of short tons]
Consumption
Inventories end of period
19 490
1082
r/
61 ,998
1425
50,181
6,029
4,363
rl
1
r
r
1,930
1,052
1,883
1,074
5,483
105
4,451
556
372
" 5,1 86
108
4,270
535
336
5,472
121
4,462
546
344
197
547
347
195
513
345
219
518
450
1,062
WOODPULP
[Thousands of short tons]
Production:
Total
,
Dissolving pulp
Paper grades chemical pulp
Groundwood and thermo-mechanical
Semi-chemical
Inventories, end of period:
Producers' own use
Producers' market
.
Consumers' purchased
[Thousands of metric tons]
Exports all grades, total
Dissolving and special alpha
All other
Imports all grades total
Dissolving and special alpha
Allother
See footnotes at end of tables.
1
193
342
519
1
5,653
759
4,896
' 4,673
162
M.513
1
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, iset-ss
Annual
1989 |
1990
1990
February 1992 •
1992
1991
Jan. |
Dec.
Feb. |
Mar. |
Apr. | May
June
S-29
July |
Aug. |
3176
6752
3337
6973
3443
3,531
Oct. |
Nov. |
6628
3267
3,361
'7049
'3528
3522
'6530
'3173
'3,357
Sept.
Dec.
Jan.
16. PULP, PAPER, AND PAPER PRODUCTS-Continued
PAPER AND PAPER PRODUCTS
[Thousands of short tons, unless otherwise specified]
Paper and board:
Production (API):
Total
Paper
Paperboard
Producer Price Indexes:
Paperboard, 1982=100
Building paper and board, 1982*100
Selected types of paper (API):
Groundwood paper:
Orders new
Orders unfilled end of period
Coated papers:
Orders new
Orders, unfilled end of period
Shipments
Uncoated free sheet:
Orders, new
»
6486
3206
3,280
6462
3285
3415
1284
1270
1272
1271
1329
1333
113.4
114.6
'1318
'112.2
1329
113.5
127.8
112.8
1329
112.7
111.2
110.6
110.9
112.2
154
239
148
130
238
138
146
249
140
178
274
145
148
280
159
184
308
152
156
295
155
138
283
163
'105
'245
129
225
140
517
522
564
600
528
588
582
565
558
601
604
572
623
598
596
646
638
640
685
647
660
r
669
r
784
852
856
901
924
915
1 013
922
1 131
1079
1044
202
186
203
207
185
195
186
485
459
505
477
472
474
715
740
315
836
765
386
763
686
462
790
755
498
743
736
506
733
710
529
5997
6,007
46
12127
802
519
517
46
1 011
802
523
527
42
r
993
853
473
465
50
r
855
919
523
511
61
923
519
502
79
r
932
907
122.5
119.5
122.7
126.8
127.2
127.1
313,398
318,102
21,578
27,423
24,137
24,495
6520
6818
6135
3181
3338
3,480
3009
3,126
140.1
115.6
135.9
112.2
1328
1326
1320
1296
108.9
109.3
109.8
111.3
'1 741
193
1
1,743
'1 868
218
'1806
161
215
147
171
234
145
126
229
133
1
7 171
706
7,215
'7430
639
7,536
531
591
564
619
551
634
'11 097
11,081
'11479
'11,503
862
930
916
983
'2681
'2377
173
1
5,636
'5,802
484
9640
9,607
321
9068
9,074
315
5523
5,515
56
12241
749
2
7,678
1
Unbleached kraft papers:
Shipments
Tissue paper, production
[Thousands of metric tons, unless otherwise specified]
Newsprint:
Canada: t
Production
Inventory end of period
United States:
Production
Shipments from mills
Inventory, end of period
Estimated consumption all users 0
Publishers' stocks, end of period #
Imports
Producer Price Index, standard newsprint,
1982=100
Paper products:
Shipping containers, corrugated and solid fiber
shipments, mil. $q. ft. surf, ares
1
78 782
39359
39,423
' 76 785
38266
38,519
3,339
r
6569
. 3 243
3,326
'956
6338
3172
3,167
143
6619
3145
3,474
667
644
'660
'666
'685
'527
'600
'588
550
576
566
1,057
982
974
'1 098
'1088
'946
'923
813
929
188
484
176
190
176
182
440
465
486
458
464
739
719
550
761
697
614
731
731
614
719
698
635
706
735
606
699
686
619
615
714
536
521
520
80
958
905
508
497
91
r
923
890
532
515
107
r
886
914
526
512
121
952
904
496
495
122
864
530
513
139
'1,051
804
527
545
122
'1,016
764
528
552
98
1,014
799
121.7
121.4
120.1
119.5
118.8
118.1
116.6
116.4
115.8
115.2
28,033
26,967
25,739
27,968
28,297
27,169
31,334
25,150
23,453
28,934
1002
957
r
981
r
17. RUBBER AND RUBBER PRODUCTS
RUBBER
[Thousands of metric tons, unless otherwise specified!
Natural rubber: §
Consumption
Stocks end of period
Imports incl latex and guayule
US Import Price Index 1985=100
Synthetic rubber: $
Production
Consumption
Stocks end of period
Exports (Bureau of Census)
866.87
2
9198
887 62
1103
2
83903
9434
860 34
6978
9434
7570
1041
1029
2261.37
205097
40403
2
579 08
2114.53
1 820 78
40366
153.14
11906
40366
'212870
261659
59,347
186328
15985
39308
2
19118
'210662
260,424
54,191
188838
17393
42649
13687
16,946
2829
12914
1035
99.5
99.8
1021
TIRES AND TUBES
[Thousands]
Pneumatic casings:
Production
Shipments total
Replacement equipment
Exports
Stocks end of period
Exports (Bureau of Census)
Inner tubes:
Exports (Bureau of Census)
See footnotes at end of tables.
2
1813
17713
18,357
3,738
13039
17375
17,632
3,393
12,689
1205
1578
1550
42649
46333
50051
16,208
19,798
3,713
14,595
1,491
51096
17017
21,237
4,351
15,377
1,511
51 151
17360
22,215
4,691
15,959
1,566
50725
16419
23,884
4,279
18,008
1,596
47204
14354
21,628
3,178
16,926
1,523
44069
17,784
24,036
4,254
18,041
1,743
41610
17,045
25,930
4,519
19,607
1,803
36773
19,588
25,719
5,296
18,598
1,826
34567
c
16,354
19,446
4,106
13,982
1,359
34,772
S-30 • February 1992
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, i96i-88
SURVEY OF CURRENT BUSINESS
Annual
1989 |
1990
1990
Dec.
Jan. | Fet >. |
Mar. |
H
1991
May |
11992
H
July |
Aug. |
Sept. I
i
Oct. I
i
40037
42,577
43363
40294
44163
31,667
116.4
116.4
116.5
22540
23465
25698
24830
22,885
21 053
17674
18408
1885
4913
7128
2061
7252
Nov. |
Dec.
Jan.
18. STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement, thous. bbl.
1
467,211
25,425
66982
67776
4160
(2)
(2)
'474,344
21,273
23949
27239
35379
39,876
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face), mil. standard
brick
Structural tile, except facing, thous. sh. tons
Sewer pipe and fittings vitrified thous sh tons
Floor and wall tile and accessories, glazed and
unglazed, mil $q ft
Producer Price Index, brick and structural clay tile,
12/84=100
2557
2102
130
5453
4776
361
112.2
115.1
115.4
7
7
500
495
1056
115.7
1 5024
14505
1 1187
(2)
%28
1087
116.3
116.4
24724
25701
25486
25820
25888
26614
2379
6073
7633
2,393
2268
5876
7697
2297
5849
2497
2241
8133
2130
116.3
115.3
115.5
22420
19828
24351
22611
24586
24736
25569
26436
2082
5527
6950
2373
1162
1030
116.3
116.4
116.6
GLASS AND GLASS PRODUCTS
[Thousand gross, unless otherwise specified]
Flat glass mfrs ' shipments thous $
Glass containers:
Production
Shipments total
Narrow-neck containers:
Food
Beverage
Beer
Liquor and wine
Wide-mouth containers:
Food and dairy products
Narrow-neck and wide-mouth containers:
Medicinal and toilet
Chemical, household, and industrial
Stocks end of period
1 543 242 1 471 447 342085
338261
306 391
382405
287511
285586
289,704
284986
18254
19668
22,465
20974
22010
63813
88556
26059
23008
61 999
88,551
26,297
1215
3998
1429
4219
1 707
3933
6218
2,214
6849
1,735
1,670
2082
4802
6930
2078
2,143
2199
4913
6811
1908
67973
70767
5030
5983
5532
5833
6671
6616
6005
6182
6934
6192
13,826
1,318
42053
13,190
1,174
40449
977
75
40449
676
83
42417
698
70
44646
782
104
46088
1,013
120
45733
1,217
125
44233
1,458
156
43293
1038
191
42745
1,422
226
41755
1,262
180
41028
1,409
182
M1 703
1 123
1,153
1 239
1,210
1 170
1,137
1 -|7o
1 184
1 185
1 237
1,168
1 192
1,202
1 250
1,339
1 308
1,176
1 233
1 373
1,401
1 199
1,168
664
659
581
345
540
626
706
614
732
762
764
401
364
377
296
383
478
509
480
513
427
467
482
1 395
1
28
17
828
420
6
45
49
1 366
1
28
17
827
395
6
46
47
1 521
1
33
19
910
434
7
64
53
1,508
1
32
18
907
426
6
66
51
1,487
1
33
19
903
418
7
57
49
1
41
20
1,070
468
8
61
56
1 665
1
35
19
1,092
446
8
65
55
1,588
1
35
20
997
416
8
60
51
1,748
1
39
23
1,097
460
9
62
58
1,435
1
31
18
916
368
7
48
46
137
699
2478
8,474
13,275
6159
5661
7731
6,400
1,828
1 371
1 208
3854
5657
1,686
6051
4878
1,302
130
43019
1,025
100
41708
3971
GYPSUM AND PRODUCTS
[Thousands of short tons]
Production:
Crude gypsum (exc byproduct)
Calcined
Imports crude gypsum
Sales of gypsum products:
Uncalcined
Calcined:
Industrial plasters
Building plasters total (incl Keene's cement)
[Millions of square feet]
Board products total
Lath
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorated wallboard
5
/ie mobile home board
Water/moisture resistant board
1
15 500
' 17 500
7
15 658
' 16,272
9304
1
5,1 70
(4)
2
1
1
20 870
18
475
266
12523
6,071
113
717
687
1
5,310
1324
1250
(4)
(2)
1
20 445
15
442
268
12268
5,978
98
713
662
1449
1
33
19
875
430
6
39
47
1463
1
30
20
896
405
6
55
49
1725
19. TEXTILE PRODUCTS
FABRIC
[Millions of linear yards]
Woven fabric, finishing plants:
Production (finished fabric)
Cotton
Manmade fiber and silk fabrics
inventories held at end of period
Cotton
Manmade fiber and silk fabrics
Backlog of finishing orders
CotUn
Manmade fiber and silk fabrics
COTTON AND MANUFACTURES
[Thousands of running bales, unless otherwise
specified]
Cotton (excluding linters):
Production:
Ginnings 0
Crop estimate thous net weight bales §
Consumption
Stocks in the United States total end of period #
Domestic cotton total
On farms and in transit
Public storage and compresses
Consumina establishments
See footnotes at end of tables.
11884
12196
67444
12803
12803
1 457
10762
584
15064
* 15 505
«8383
11,978
11978
1,522
9875
581
14519
3
601
11,978
11978
1,522
9875
581
7
2,068
7
6,929
7
6929
7
585
75531
7
663
2212
3,174
3174
0
2452
722
r
2215
16,591
16 591
r
13,798
'2,223
570
r
r
5
15,891
17 542
2,199
15,731
15,731
4,076
11075
580
16,766
February 1992 •
SURVEY OF CURRENT BUSINESS
-Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, i96i-88
1990
Annual
1990
1989
Dec.
1992
1991
Jan.
Feb. |
Mar.
Apr. | May
June
S-31
July |
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
19. TEXTILE PRODUCTS-Continued
COTTON AND MANUFACTURES-Continued
Cotton (excluding (inters)—Continued
Exports, thous. running bales
Imports thous net weight bales
Price(farm), American upland, cents per Ib. 0
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, millions
Consuming 100 percent cotton, millions
Spindle hours operated all fibers total billions
Average per working day billions ...
Consuming 100 percent cotton, billions
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, thous. net weight
bales §
Producer Price Index, gray cotton broadwovens,
1982=100
5
6,704
5
J
5
J
67.1
67.1
64.9
67.9
68.9
'69.5
69.8
^74.8
69.9
70.5
77.7
77.9
79.9
10.7
9.7
4.3
808
294
3.8
658
254
27.8
63.6
3
r
70.1
'67.5
83.9
79.0
7
9.7
r
66.3
66.9
''64.8
'•62.7
'60.9
'55.6
54.0
71.3
66.4
62.4
58.3
54.7
53.9
51.5
9.6
9.4
3.9
157
M.O
3.7
.241
15.0
.227
14.8
.224
6.3
6.2
5.9
1,140
1,083
25.8
196
<1.9
9.8
3.8
149
7
233
7
5.9
4589
4464
1 048
1 073
1109
113.8
116.4
2175
2062
554
545
299.1
535
769
480
3628
67.4
68.7
69.7
42254
42903
41937
39908
1 0434
9832
9940
1 0663
9627
1 102.8
94
4
4
7
3.8
49
7
1133
1136
114.1
114.5
1149
115.2
115.3
115.3
T
115.3
9.2
115.2
115.7
115.6
116.5
116.6
116.7
118.9
117.2
MANMADE FIBERS AND MANUFACTURES
[Millions of pounds]
Fiber production, qtrly:
Cellulosic filament yarn
Rayon staple including tow
Noncellulosic, except textile glass:
Yarn and monofilaments
Staple incl tow
Textile glass fiber
911 0
Fiber stocks, producers', end of period:
Cellulosic filament yarn
Rayon staple including tow
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
Staple incl tow
99
224
17.3
94
173
3642
3408
3042
347.0
3042
3470
Manmade fiber and silk broadwoven fabrics:
Producer Price Index, gray synthetic broadwovens,
1982=100
114.0
115.7
116.1
Wool consumption, mill (clean basis):
Apparel class
. . . . . .
Carpet class
1130
14 1
1206
Wool imports clean yield t
Unimproved and other grades not finer than 46's ...
48's and finer *
1069
29.9
770
71 7
21.4
503
305
21
42
107
.6
3.6
Wool prices, raw, shorn, clean basis:
Domestic-Graded territory, 64's, staple 2%" and
up delivered to U S mills $ per Ib
Australian, 64's, Type 63, duty-paid, price at
Australian Wool Corp., Charleston, SC, $perlb.
370
2.56
4.31
115.7
114.7
1 0427
100
94
98
26.0
24.9
23.7
3442
321 1
371.1
3222
312.1
321.2
114.4
114.1
114.3
113.9
114.8
116.4
r
116.5
WOOL AND MANUFACTURES
[Millions of pounds, unless otherwise specified]
Woo! broadwoven goods, exc. felts:
Production (qtrly ) mil so yd
33.3
38.7
69
31
54
55
73
31
81
92
70
46
4.4
7.8
5.1
9.0
1.9
8.7
1.2
5.7
1.5
3.9
1.3
4.3
1.7
5.5
1.5
6.6
1.5
7.7
1.3
5.7
1.4
3.0
2.5
5.4
1.2
3.9
1.2
7.8
2.20
2.17
2.10
1.63
1.67
2.03
2.30
2.30
1.67
1.56
1.48
1.48
1.55
1.63
3.70
3.32
3.34
3.35
2.09
2.21
2.71
2.48
2.29
2.15
2.74
2JO
2.49
1763
1407
314
381
48.3
41.3
1 3178
1 3485
3148
2942
3265
347.2
16895
18120
172317
7728
92778
3770
35501
4236
49,360
4108
181 967
1 992
3132
22078
22348
44,693
2736
23639
5,294
40,404
3060
25883
298988
38,761
67232
8,744
68,397
83,461
9,945
88,016
10,475
121
2.86
36.0
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments quarterly mil so yd
APPAREL
[Thousands, unless otherwise indicated]
Women's, misses', juniors' apparel cuttings, qtrly:
Coats
Dresses
Suits (incl pant suits jumpsuits)
Skirts
Slacks, jeans, dungarees, and jean-cut casual
slacks
Blouses, thou. doz.
See footnotes at end of tables.
8372
97689
300 907
37,180
9,861
SURVEY OF CURRENT BUSINESS
S-32 • February 1992
Unless otherwise stated in footnotes below, data
through 1988 and methodological notes are as shown
in BUSINESS STATISTICS, 1961-88
Annual
1989
1990
1990
Dec.
1992
1991
Jan.
Feb.
Mar.
Apr.
May |
June
July
Aug.
Sept. |
Oct. | Nov.
Dec.
Jan.
19. TEXTILE PRODUCTS-Continued
APPAREL-Continued
[Thousands, unless otherwise indicated]
Men's apparel cuttings, qtrly:
Suits
Coats (separate), dress and sport
Trousers, slacks, jeans, pants, etc
Shirts, dress and sport, thous. doz.
Hosiery, shipments thous doz prs
13,896
18,012
470,820
113085
353 692
11,302
13,945
458,476
103239
328 622
2,587
3,194
111,409
20966
24586
24863
25170
2764
3,967
105,700
23108
25623
28351
27099
2475
3244
125,073
24628
28551
28153
27696
2005
2535
137,331
24628
24996
31 948
28226
24191
20. TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
[Millions of dollars]
Orders, new (net), total
U.S. Government ....
Prime contract
Sales (net), receipts, or billings total
U.S. Government
Backlog of orders, end of period #
U.S. Government
Aircraft (complete) and parts
Engines (aircraft) and parts
Missiles, space vehicle systems, engines,
propulsion units, and parts
Other related operations (conversions,
modifications), products, services
Aircraft (complete):
Shipments
Exports, commercial ....
3
173,635 3 5147,380
80 633
56 788
168,381 3 142 685
J
•M3 22 148 141
654
72,1 84 3 77,51 6
3
3
252 401 3264 204
3
107,797 5 92,1 48
3
131 996 145 833
J
27154 3 28 233
3
3
3
33,771
3
J
22,092
5
17,467.3
4
13711
4
32,600
19819
18444
1 693
1291
1 097
1862
2164
(7)
1668
2465
1 841
1633
2023
369
332
669
476
193
88
6.5
2.3
435
391
570
421
149
78
5.9
1.9
411
373
636
479
157
84
6.1
2.3
436
384
749
545
204
88
6.2
2.5
460
417
707
510
197
80
5.6
2.4
518
465
790
581
209
85
6.1
2.3
485
434
791
593
198
88
6.6
2.3
360
324
794
585
209
89
6.6
2.3
417
385
711
503
208
84
6.2
2.2
473
424
687
498
189
85
62
2.3
572
523
719
526
193
8.3
6.1
2.2
462
416
623
458
165
6
8.3
tf
6.2
"2.1
378
338
611
438
173
7.9
5.9
2.0
1,407
1,248
2.3
1,467
1,200
2.4
1,431
1,133
2.2
1,360
1,069
2.1
1,371
1,074
2.3
1,357
1,033
2.0
1,304
971
1.8
1,130
902
1.6
1,119
956
1.9
1,156
950
1.8
1,267
953
1.9
1,316
^931
tf
1.8
1,283
'912
1.8
3544
945
r
682
r
270
3251
81 1
599
224
2946
67.7
590
220
3287
100.1
669
264
2976
1088
675
275
2833
117.4
744
286
2967
119.6
792
304
2705
77.9
755
291
312.7
105.2
675
297
319.1
105.9
737
320
369.4
120.8
692
283
323.6
105.1
610
247
628
253
175
155
214
194
202
177
238
208
300
263
337
302
323
290
230
209
277
256
326
299
378
347
303
272
244
218
318.4
267.1
28.1
232
341.1
287.8
30.0
23.3
2702
229.1
22.5
18.6
310.2
264.0
25.5
20.7
292.7
250.7
23.6
18.4
327.5
278.3
28.2
21.0
3552
305.8
27.3
22.1
337.1
289.6
26.4
21.1
353.5
304.9
26.6
22.1
331.4
285.6
25.6
20.3
384.8
335.9
282
20.7
342.5
297.1
26.0
19.4
385.9
338.9
26.5
20.5
361.7
314.4
27.6
19.7
391.4
338.1
30.8
22.6
349.4
299.6
28.2
21.6
353.5
298.3
35.9
19.3
345.1
297.6
28.0
19.4
375.9
330.1
26.3
19.5
389.7
341.2
28.3
20.2
329.6
283.2
26.4
20.0
334.8
291.1
25.4
18.4
310.8
272.8
21.5
16.5
348.9
305.1
24.9
19.0
352.4
307.0
23.6
21.9
381.8
336.4
23.5
21.9
1,074.3
1,116.9
1,071.1
1,049.7
1,022.5
972.6
955.1
902.5
953.5
905.2
960.1
907.6
965.1
912.4
852.5
916.7
857.4
954.4
875.8
953.8
1,004.3
1,046.3
1,054.4
1,054.0
985.5
1,024.5
355
307
290
347
355
379
413
394
373
405
370
321
357
1 1,836
" 8,640
10,381
7,914
MOTOR VEHICLES (NEW)
[Thousands, unless otherwise specified]
Passenger cars:
Factory sales (from U.S. plants):
Total
6050
6807
5,502
Domestic
. .
. . .
6181
9,903
Retail sales, total, not seas, adj
9,499
Domestics § .
7078
6898
Imports §
.. ..
2825
2,601
Total seas adj at annual rate millions
Domestics millions §
Imports, millions § .
Retail inventories, domestics, end of period: §
Not seasonally adjusted
1 669
1,407
Seasonally adjusted
1,682
1,259
2.4
Inventory-retail sales ratio, domestics §
2.8
4
Exports (Bureau of Census) total
769 75
569.23
To Canada
4
40427 4'39446
Imports (ITC) complete units
4
From Canada total
1 151 1
12202
r
7
Registrations 0 total new vehicles
9103
9 853
y
r
Imports including domestically sponsored
3481
3459
Trucks and buses:
Factory sales (from U.S. plants):
3719
4062
Total
3,752
3,448
Domestic
Retail sales:
4941.5
4,649.9
Total not seasonally adjusted *
4,106.4
3,947.5
0-10,000 IDS. GVW, domestics
4040
5042
0-10000 Ibs GVW imports *
298.4
331.1
10001 IDS. GVW and overt
.. . .... .
Total seasonally adjusted *
0-10000 Ibs. GVW domestics
0-1 0000 Ibs GVW imports *
10001 Ibs GVW and over t
Retail inventories, domestics, end of period:
1 1349 1,074.3
Not seasonally adjusted
1,116.9
Seasonally adjusted @
1,180.1
4
211 28
Exports (BuCensus)
Imports (BuCensus), including separate chassis
<1 02217
and bodies
Registrations 0, new vehicles, excluding buses not
r
1
4,798
produced on truck chassis
5,1 00
Truck trailers and chassis, complete (excludes
149117
181 478
detachables) shipments number
13o'l63
Van type number
103894
(5)'
(5)
Trailer bodies (detachable) sold separately number
17214
Trailer chassis (detachable) sold separately number
* 24 779
8565
5531
8715
5763
8422
5562
10494
7073
10641
7089
11 311
7722
10339
7304
10335
7397
12036
9169
11236
744
1 219
827
1211
1 638
1 904
1 347
924
1 097
1797
RAILROAD EQUIPMENT
[Number, unless otherwise specified]
Freight cars (new), for domestic use; all railroads and
private car lines (excludes rebuilt and export cars):
Shipments
Equipment manufacturers
New orders
Equipment manufacturers
Unfilled orders end of period
Equipment manufacturers
Freight cars (revenue), class I railroads (AAR): $
Number owned end of period thousands
Capacity (carrying) total end of month mil tons
Average per car, tons
See footnotes at end of tables.
29617
29617
31 002
31 002
16691
16691
688
5973
86.87
32063
32063
27197
27197
11 328
11 328
7541
7541
6655
6655
11328
11 328
6,397
6397
5873
5873
10,683
10683
6003
6003
5126
5126
9,806
9806
6,331
6331
5300
5300
8,775
8,775
r
r
2078
1 996
(2)
'573
417
'156
'8.0
5.9
»2.1
1,318
872
1.8
(2)
296.1
258.4
19.0
18.7
344.2
300.5
23.0
20.7
SURVEY OF CURRENT BUSINESS
February 1992 • S-33
FOOTNOTES FOR PAGES S-l THROUGH 8-32
Genera! notes for all pages:
r Revised,
p Preliminary,
e Estimated,
c Corrected.
Page S-1
t Revised series. See the article on the comprehensive revision of the national income and product
accounts that appears in the December 1991 issue of the SURVEY.
i Includes inventory valuation and capital consumption adjustments.
§ Monthly estimates equal the centered three-month average of personal saving as a percentage of
the centered three-month moving average of disposable personal income.
0 See note "0" for p. S-2.
Page S-2
1. Based on data not seasonally adjusted.
0 Effective April 1990 SURVEY, the industrial production index has been revised back to 1977 and
has a new base year of 1987. A more detailed explanation of this revision is in the April 1990 Federal
Reserve Bulletin. Historical data are available from the Industrial Output Section, Mail Stop 82, Division
of Research and Statistics, Federal Reserve Board, Washington, DC 20551.
# includes data not shown separately.
Page S-3
# Includes data for items not shown separately.
t Effective with the April 1991 SURVEY, M3 data have been revised to benchmark the data to the
1987 Census of Manufactures and 1988 Annual Survey of Manufactures, and to convert the series to
the 1987 SIC codes. Revisions related to benchmarking affect all categories back to 1982. Revisions
resulting from the SIC conversion affect about half the categories back to 1958. The coverage for some
of the series in the market category has been changed.
Page S-4
1. Based on data not seasonally adjusted.
# Includes data for items not shown separately.
| Includes textile mill products, leather and products, paper and allied products, and printing
publishing industries; unfilled orders for other nondurable goods industries are zero.
0 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 "f for p. S-3.
Page S-5
1. Based on data not seasonally adjusted.
@ Compiled by Dun & Bradstreet, Inc.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
1 See note "J" 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,
tf See note "f" for p. S-3.
Page S-6
Address requests for data to:
Business Statistics Branch
Business Outlook Division (BE-52)
Bureau of Economic Analysis
U.S. Department of Commerce
Washington, D.C. 20230
f Effective May 1990 SURVEY, data for seasonally adjusted building permits have been revised back
to 1988 and are available upon request.
# Series first shown in the July 1990 SURVEY. The fixed-weighted price index is a weighted average
of the individual price index series used to deflate the Value of New Construction Put in Place (VIP)
series. In calculating the index, the weights (the composition of current dollar VIP in 1987 by category
of construction) are held constant. Consequently, the index reflects only changes in prices. The implicit
price deflator is a derived ratio of total current to constant dollar VIP (multiplied by 100). It is the average
of the individual price indexes used in the deflation of VIP, but the prices are weighted by the composition
of VIP each period. As a result, the implicit price deflator reflects not only changes in prices, but also
changes in the composition of VIP, and its use as a measure of price change is discouraged. Effective
July 1991 SURVEY, data have been revised back to 1986.
ft Effective May 1991 SURVEY, the Boeckh indexes have a new base year of 1987.
it Effective Sept. 1990 SURVEY, the construction cost index for the Federal Highway Administration
has been revised back to 1986 and has a new base year of 1987=100.
Page S-8
1. Advance estimate.
2. Beginning with Feb. 1989 data, associations in conservatorship are excluded.
<> Home mortgage rates (conventional first mortgages) are under money and interest rates on p.
S-14.
§ Data include guaranteed direct loans sold.
# Includes data for items not shown separately.
@ Data are for closed mortgage loans of thrift institutions insured by the Savings Association
Insurance Fund (SAIF)—FSLIC-insured institutions prior to Sept. 1989.
t Effective April 1991 SURVEY, estimates of wholesale sales have been revised back to January
1988 and wholesale inventories have been revised back to January 1989. Revised data and a summary
of changes appear in the report Revised Monthly Wholesale Trade, Sales and Inventories January
1984-December 1990, BW90-R, available from the Bureau of the Census, Washington, DC 20233.
} Effective March 1991 SURVEY, retail trade data have been revised. Estimates of retail sales have
been revised back to January 1988 and inventories have been revised back to January 1989. (In 1990
data were revised back to 1982.) Revised data and a summary of changes will appear in the report
and
Revised Monthly Retail Sales and Inventories, January 1981-December 1990, BR90-R, available from
the Bureau of the Census, Washington, DC 20233.
Page S-9
1. Advance estimate.
# Includes data for items not shown separately.
0 Effective with the January 1992 SURVEY, the seasonally adjusted labor force series have been
revised back to January 1987. The January 1992 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 1987-91 revision period
will appear in the February 1992 issue of Employment and Earnings. Effective with the January 1991
SURVEY, the seasonally adjusted labor force series were revised back to January 1986.
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.
J See notey for p. S-8.
Page S-10
§ For producer price indexes of individual commodities, see respective commodities in the Industry
section beginning p. S-19. All indexes subject to revision four months after original publication.
0 See note "0" for p. S-9.
# Includes data for items not shown separately.
| The unemployment rates are the number of unemployed in each group as a percent of the civilian
| Effective with the Feb. 1992 SURVEY, data have been revised back to 1987 and are available upon labor force in that group.
request.
§ Effective with the Sept. 1990 and June 1991 issues of the SURVEY, data have been revised,
respectively back to April 1988 and April 1989, unadjusted, and back to Jan. 1985 and Jan. 1986,
seasonally adjusted, to reflect new benchmarks and seasonal adjustment factors. In addition the Sept.
Page S-7
1990 revision included the conversion of the industry series to 1987 SIC codes. Industry series affected
1. Computed from cumulative valuation total.
by revisions in the SIC have been revised back to the inception of the series, to the extent possible.
2. Index as of Feb. 1,1992: building, 411.4; construction, 454.7
In addition, all constant-dollar and indexed series were recomputed on a 1982 base. The Sept. 1990
3. Beginning Dec. 1988, series has been discontinued by the Bureau of the Census.
and June 1991 issues of Employment and Earnings contain detailed descriptions of the effects of these
t Effective July 1991 SURVEY, data have been revised back to 1986. Effective July 1990 SURVEY,
revisions. All of the revised historical series will be published in a special supplement to Employment
data were revised back to 1985. Revised data are available from the Construction Statistics Division at
and Earnings. This supplement, when combined with the historical bulletin, Employment, Hours, and
the Bureau of the Census, Washington, DC 20233.
Earnings, United States, 1909-90 will comprise the full historical series on national data obtained from
# Includes data for items not shown separately.
the establishment survey.
§ Data for Mar., May, Aug., and Nov. 1990, and Jan., May, Aug., and Oct. 1991 are for five weeks;
other months four weeks.
Page S-11
0 Effective Feb. 1990 SURVEY, data for seasonally adjusted housing starts have been revised back
to 1987. These revisions are available upon request.
§ See note "§" for p. S-10.
| This series is not seasonally adjusted because the seasonal component is small relative to the
@ Effective Feb. 1990 SURVEY, data for seasonally adjusted manufacturers' shipments of mobile
trend-cycle and/or irregular components and consequently cannot be separated with sufficient precision.
homes have been revised back to 1987.
S-34 • February 1992
SURVEY OF CURRENT BUSINESS
O Production and nonsupervisory workers.
Page S-12
§ See note y for p. S-10.
0 Production and nonsupervisory workers.
t Earnings in 1982 dollars reflect changes in purchasing power since 1982 by dividing by Consumer
Price Index. Effective Feb. 1990 and 1991 issues of the SURVEY, this series has been revised, respectively, back to 1985 and 1986 to reflect new seasonal factors for the CPI-W. Revised data are available
upon request.
§§ Effective with the June 1991 SURVEY, data have been revised back to 1989 and are available
upon request. Wages as of Feb. 1,1992: Common, $19.14; Skilled, $25.19.
t Excludes farm, household, and Federal workers.
@ Effective with the April 1990 SURVEY, the employment cost index is based on June 1989=100,
rather than June 1981=100. Historical data for both June 1989 and June 1981 bases are available from
the Bureau of Labor Statistics, Division of Employment Cost Trends, 441 G Street, N.W., Washington,
DC 20212.
# Series first shown in the July 1991 SURVEY. Wages and salaries are defined as the hourly straighttime wage rate or, for workers not paid on an hourly basis, straight-time earnings divided by the
corresponding hours. Straight-time wage and salary rates are total earnings before payroll deductions, excluding premium or supplemental pay for overtime and for work on weekends and holidays,
shift differentials, and nonproduction bonuses such as lump-sum payments provided in lieu of wage increases. Production bonuses, incentive earnings, commission payments, and cost-of-living adjustments
are included in straight-time wage and salary rates.
Page S-13
1. Effective Feb. 28,1989, there was a break in the 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.
2. Average for Dec.
# Includes data for items not shown separately.
§ Excludes loans and federal funds transactions with domestic commercial banks and includes
valuation reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
J 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).
f Effective Oct. 1989 SURVEY, loans by loan type are provided by the Federal Farm Credit Banks
Funding Corporation.
0 Effective with the April 1990 SURVEY, the reserves of depository institutions have been revised
back to 1984 and are available upon request.
Page S-14
1. Data are for fiscal years ending Sept. 30 and may include revisions not distributed to the months.
2. Weighted by number of loans.
3. Beginning Feb. 1988, data suspended by the Farm Credit Administration, which is revising the
information it collects and amending the reports it distributes.
4. Beginning Sept. 1991, the Federal debt series are net of premium and discount.
§ Effective Mar. 1990 SURVEY, data have been revised to reflect new benchmark and seasonal
adjustments and are available from the Banking and Money Market Statistics Section of the Division of
Monetary Affairs at the Federal Reserve Board, Washington, DC 20551.
# Includes data for items not shown separately.
0 Excludes loans to commercial banks in the U.S.
t Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent.
Jt Courtesy of Metals Week.
t Effective May 1990 SURVEY, the consumer installment credit series have been revised back to
1980 to incorporate new information and updated seasonal adjustment factors. These revisions are
available upon request.
* Series first shown in the June 1990 SURVEY.
ft This series, first shown in the June 1990 SURVEY, represents the outstanding balances of loans
that the loan originator has sold and are no longer carried on the loan originator's books. The loans are
pooled and securities are issued on the pools.
Page S-15
1. Beginning Jan. 1989, the primary public offering statistics have been discontinued by the
Securities and Exchange Commission.
2. Effective April 1991 SURVEY, the Security Markets series have been discontinued.
3. Money market deposit accounts are included with savings deposits.
t Effective Feb. 1992 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.
U Includes ATS and NOW balances at all depository institutions, credit union share draft balances,
and demand deposits at thrift institutions.
0 Overnight (and continuing contract) RP's are those issued by commercial banks to the nonbank
public, and overnight Eurodollars are those issued by Caribbean branches of member banks to U.S.
nonbank customers.
@ Small time deposits are those issued in amounts of less than $100,000. Large time deposits
* are those issued in amounts of $100,000 or more and are net of the holdings of domestic banks, thrift
institutions, the U.S. Government, money market mutual funds, and foreign banks and official institutions.
# Includes data for items not shown separately.
Page S-16
1. The railroad average was discontinued by Moody's on July 13,1989. Therefore, the July average
reflects only eight working days.
2. Effective Oct. 3,1990, the German Democratic Republic (GDR; East Germany) ceased to exist
as a sovereign state and became a part of the Federal Republic of Germany. Accordingly, effective
with the statistics for Oct. 1990, all merchandise imported from or exported to the former GDR will be
included as trade with the Federal Republic of Germany.
3. Beginning Jan. 1991 data, Roadway Services, Inc. will be included in the Dow Jones Transportation Average replacing Pan Am Corp. Roadway Services is listed on the NASDAQ National Market
System. Comparability with earlier averages is not affected by this change.
@ See note "4" for p. S-19 regarding the new commodity classification systems introduced Jan.
1989. Data may not equal the sum of the geographic regions, or commodity groups and principal
commodities, because the revisions to the totals are not reflected in the component items.
§ Number of issues represents number currently used; the change in number does not affect the
continuity of the series.
I For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
0 The March through August 1991 issues of the SURVEY showed month-end yields for 1991 rather
than monthly averages.
t Effective with the Mar. 1990 SURVEY, seas. adj. exports and imports have been revised back to
Jan. 1988, and are available upon request.
Page S-17
1. Beginning with Jan. 1989 data, undocumented exports to Canada are now included, resulting in
a break with Dec. 1988 data.
2. Beginning Jan. 1989, buses are excluded from "Motor vehicles and parts" and included in "Other
manufactured goods," resulting in a break with Dec. 1988 data.
3. See note "2" for p. S-16.
@ See note "@" for p. S-16.
t See note "f for p. S-16.
# Includes data not shown separately.
0 Data include undocumented exports to Canada, which are based on official Canadian import
totals.
# Series first shown in the October 1991 SURVEY. The deflators for the constant dollar series are
primarily based upon the monthly price indexes published by the Bureau of Labor Statistics using
techniques developed for the National Income and Product Accounts by the Bureau of Economic
Analysis.
PageS-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.
# Series first shown in the October 1991 SURVEY. Source: Bureau of Labor Statistics.
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled service.
J 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.
tt Effective with the Mar. 1990 SURVEY, data for 1985-89 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. Beginning with 1989 data, merchandise trade data are based upon two new commodity classification systems; the International Harmonized System and, Revision 3 of the Standard International
Trade Classification and, as a result, data may not be directly comparable to 1988 and earlier years.
5. Data are partially estimated for this quarter and are not available.
6. Beginning in 1991, data are available only on a quarterly basis.
7. Data withheld to avoid disclosing figures for individual companies.
# 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 Effective with the Jan. 1990 SURVEY, revisions for 1987-88 are available upon request.
Page S-20
1. Reported annual total; monthly or quarterly revisions are not available.
2. Quarterly data are no longer available.
3. See note 4 for p. S-19.
4. Beginning in 1991, data are available only on a quarterly basis.
§ Data are not wholly comparable from year to year because of changes from one classification to
another.
<3> Includes less than 500 electric generation customers not shown separately.
SURVEY OF CURRENT BUSINESS
i Effective with the Jan. 1990 SURVEY, revisions for 1987-88 are available upon request.
0 Effective with the Dec. 1989 SURVEY, revisions for 1987-88 are available upon request.
Page S-21
1. Previous year's crop. New crop is not reported until Sept. (crop year: Sept. 1-Aug. 31).
2. Crop estimate for the year.
3. Stocks as of June 1.
4. Stocks as of June 1 and represents previous year's crop; new crop not reported until June
(beginning of new crop year).
5. Series has been discontinued.
6. Stock estimates are available once a year as June 1 stocks and shown here in the May column
and (as previous year's crop) in the annual column.
7. Stocks as of Dec. 1.
8. See note 4 for p. S-19.
§ Excludes pearl barley.
<5> 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. See note 4 for p. S-19.
§ Cases of 30 dozen.
# Series first shown in the Jan. 1991 SURVEY.
Page S-23
1. Crop estimate for the year.
2. Reported annual total; revisions not distributed to the months.
3. Data suppressed because they did not meet Census publication standards.
4. See note 4 for p. S-19.
5. Data withheld to avoid disclosing figures for individual companies.
6. Beginning in 1991, data are available only on a quarterly basis.
# Totals include data for items not shown separately.
Page S-24
1.
2.
3.
4.
Reported annual total; monthly revisions are not available.
See note 4 for p. S-19.
Less than 500 tons.
Beginning in 1990, monthly data have been discontinued.
Page S-25
1. Reported annual total; monthly revisions are not available.
2. For month shown.
3. Effective with Jan. 1989, import data are for consumption; earlier periods of data are general
imports. See also note 4 for p. S-19 regarding the introduction of new classification systems.
4. Beginning in 1990, monthly data have been discontinued.
@ Includes foreign ores.
§ Source: Metals Week.
Page S-26
1. Reported annual total; monthly revisions are not available.
2. Less than 50 tons.
3. See note 3 for p. S-25.
4. Break in comparability beginning Jan. 1,1991, because of a change in the Metals Week pricing
series for zinc.
0 Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
1 Source for monthly data: American Bureau of Metal Statistics. Soi/rce for annual data: Bureau of
Mines.
# Indudes data not shown separately.
t Effective April 1991 SURVEY, the materials handling index has been revised back to 1982 and
now includes lift trucks. The index also includes new orders for automatic guided vehicles, automated
storage and retrieval systems, below hook lifters, cranes, hoists, monorails, racks, shelving, casters and
floor trucks, and conveyors. Revised data are available upon request.
@@ Price represents North American Mean.
@ Effective with the Sept. 1990 SURVEY, the new orders index numbers have been converted to a
new base year of 1987=100. Data back to 1988 are available upon request.
Page S-27
1. Annual total includes revisions not distributed to the months or quarters.
2. See note 4 for p. S-19.
3. Beginning in 1990, quarterly data have been discontinued. Annual data will continue to be
available.
4. Beginning with May 1991 data, monochrome production numbers are no longer included.
# Includes data for items not shown separately.
§ Includes nonmarketable catalyst coke.
February
S-35
0 Includes small amounts of "other hydrocarbons and alcohol new supply (field production)," not
shown separately.
it 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 4 for p. S-19.
3. Beginning May 1991, the leaded gasoline price is not statistically valid for publication.
# Includes data for items not shown separately.
Page S-29
1. Reported annual total; revisions not allocated to the months.
2. See note 4 for p. S-19.
0 Source: American Paper Institute. Total U.S. estimated consumption by all newspaper users.
See also note "f for this page.
§ Effective with the October 1990 SURVEY, data have been revised back to 1989 to reflect adjustments
made by the Rubber Manufacturers Association's Rubber Statistical Committee.
t Effective with the October 1990 SURVEY, synthetic data consisting of Butyl, polyisoprene, polychloroprene, silicone, and other elastomers have been revised in keeping with data provided by the
Census Bureau's MA30A report beginning in 1990. Also see note "§" on this page.
# Compiled by the American Newspaper Publishers Association.
t Effective with the March 1990 SURVEY, Canadian newsprint statistics have been revised back to
Jan. 1982 to exclude supercalendered and some soft-nip calendered paper that was originally classified
as newsprint and is now classified as uncoated groundwood papers. This revision also affects estimated
consumption. Revised data are available upon request.
Page S-30
1. Reported annual total; revisions not allocated to the months.
2. Figure suppressed because it did not meet Census publication standards.
3. Data cover five weeks; other months, four weeks.
4. Beginning Jan. 1989, sales of industrial plasters are included with building plasters.
5. Jan. 1,1992 estimate of the 1991 crop.
6. Total for crop year, Aug. 1-Jul. 31.
7. Beginning in 1991, data are available only on a quarterly basis.
# Includes data for items not shown separately.
0 Cumulative ginnings to the end of month indicated.
§ Bales of 480 Ibs.
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 4 for p. S-19.
6. Beginning in 1990, data are available only on a quarterly basis.
7. Beginning in 1991, data are available only on a quarterly basis.
0 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).
§ Bales of 480 Ibs.
f The total may include some miscellaneous wool imports.
# Series first shown in the July 1990 SURVEY.
Page S-32
1. Annual total includes revisions not distributed to the months.
2. Production of new vehicles (thous. of units) for Jan. 1992: passenger cars, 420; trucks and
buses, 262.
3. Data are reported on an annual basis only.
4. See note 4 for p. S-19.
5. Beginning Jan. 1989, shipments of trailer bodies are included with trailer chassis to avoid
disclosure of data from individual firms.
6. Effective with the Dec. 1991 SURVEY, data have been revised back to 1988 and are available
upon request.
7. Data withheld to avoid disclosing figures for individual companies.
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and imported
to the U.S. under the provisions of the Automotive Products Trade Act of 1965. Imports comprise all
other cars.
0 Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some States are not
available, month-to-month comparisons are not strictly valid.
# Series first shown in the August 1990 SURVEY. Effective with the Dec. 1991 SURVEY, seasonally
adjusted retail sales for trucks and buses have been revised back to 1989, and are available upon
request.
t Includes some imported trucks over 10,000 Ibs. GVW.
j Excludes railroad-owned private refrigerator cars and private line cars.
@ Effective with the Mar. 1991 SURVEY, seasonally adjusted retail inventories for trucks and buses
have been revised back to 1989, and are available upon request.
S-36 • February 1992
SURVEY OF CURRENT BUSINESS
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
1-5
5,6
7,8
8,9
9-13
13-16
16-18
18,19
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
19,20
20
20-23
23
23,24
24-27
27,28
28,29
29
30
30-32
32
Footnotes
33-35
Individual Series
Advertising
8,12
Aerospace vehicles
32
Agricultural loans
13
Air carrier operations
18
Air conditioners (room)
27
Aircraft and parts
4,5,32
Alcohol, denatured and ethyl
19
Alcoholic beverages
8,20
Aluminum
25
Apparel
2,4-6,8-12,31,32
Asphalt
28
Automobiles, etc
2-4,6, 8,9,14,15,17,32
Battery shipments
Beef and veal
Beverages
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
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
Com
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
Crudeoil
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
'
1
20
1,15
8,9
Earnings, weekly and hourly .
Eating and drinking places ..
12
8,9
c power
Electrical machinery and equipment
Employee-hours, aggregate, and indexes
Employment and employment cost
Exports (see also individual commodities)
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 commodities)
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
Hogs
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
"/market grouping
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
18
Newsprint
New York Stock Exchange, selected data
Nonferrous metals
Oats
Oilsandfats
Orders, new and unfilled, manufacturers'
Outlays, U.S. Government
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
2-4,10-12,15,17,27,28
Pig iron
24
Plastics and resin materials
20
Population
9
Pork
22
Poultry and eggs
5,22
Price deflator, implicit (PCE)
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
~ '
fete
ts, U.S. Government
Registrations (new vehicles)
Rent (housing
Retail trade
Rice
Rubber and products (incl. plastics)
Saving, personal
Savings deposits
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
Stock prices, yields, sales, etc
Stone, clay, glass products
Sugar
Sulfur
Sulfuricacid
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
12,16,18,32
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
financing
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
14
2, 6,7,15,16,20
27
9
5
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat flour
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 envelope (8Va by n inches, with
75 cents postage) to Public Information Office, Bureau of Economic Analysis, U.S. Department
of Commerce, Washington, DC 20230.
Available from GPO
ORDER FROM: New Orders, Superintendent of Documents, P.O. Box
371954, Pittsburgh, PA 15250*7954* Payment may be by check (made
payable to Superintendent of Documents) or charged to a GPO deposit
account number, VISA, or MasterCard. Phone (202) 783-3238 or fax
(202) 512*2250.
SURVEY OF CURRENT BUSINESS, Contains estimates and analyses of U.S.
economic activity. Features include a review of current economic developments; articles pertaining to BEA'S work on the national, regional, and international economic accounts and related topics; quarterly national income and
product accounts tables; a 28-page section of business cycle indicators containing tables for over 250 series and charts for about 130 series; and a 36-page section
of current business statistics presenting over 1,900 major economic series
obtained from public and private sources. Monthly. Annual subscription:
$29.00 second class mail, $76.00 first class mail. Single copy: $8.00.
Business Statistics, 1961-88. (1989) Provides monthly or quarterly data for
1985-88 and annual data for 1961-88 for series that appear in the SURVEY OF
CURRENT BUSINESS. Also contains definitions of terms, sources of data> and
methods of compilation. 328 pp. $16.00 (GPO STOCK NO, 003-010-00198-4).
NIP A Methodology Papers:
No* i through No. 4: Available from NTIS (see box below).
No. 5: Government Transaction. (1988) Presents the conceptual basis and
framework of government transactions in the national income and product accounts; describes the presentations of the estimates; and delineates
the sources and methods used to prepare estimates of Federal transactions
and of State and local transactions. 120 pp. $5.50 (GPO STOCK NO* 003-01000187-9).
No. 6: Personal Consumption Expenditures, (1990) Presents the conceptual
basis and framework of personal consumption expenditures in the national
income and product accounts. Describes the presentation of the estimates
and the sources and methods used to prepare them. 92 pp. $4.50 (GPO
STOCK NO. 003-010-00200-0).
The 1982 Benchmark Input-Output Accounts of the United States. (1991)
Presents tables for 541 iridustries/commodities showing the production of
commodities (goods and services) by each industry, the use of commodities by
**ach industry, the commodity composition of GNP, and the industry distribution of value added. Prepared primarily on the basis of data collected in the 1982
Economic Censuses. 368 pp. $19.00 (GPO STOCK NO. 003-010-00226-3).
NIPA Methodology Papers 1 through 4 (photocopies) are available
from the National Technical Information Service (NTIS).
No* i: Introduction to National Economic Accounting. (1985) 19 pp.
$12.50 {NTIS ACCESSION NO. PB 85-247567).
No. 2; Corporate Profits: Profits Before Tax, Profits Tax Liability, and
Dividends. (1985) 67 pp. $19.00 {NTIS ACCESSION NO* PB 8524539/X
No. 3: Foreign Transactions, (1987) 52pp. $19.00 (NTIS ACCESSION NO.
PB 88-100649),
No. 4: GNK An Overview of Source Data and Estimating Methods,
(1987) 36 pp. $17.00 (NTIS ACCESSION NO. PB 88-134838).
ORDER mom; U.S. Department of Commerce, National Technical
Information Service* 5285 Port Royal Road, Springfield, VA 22161.
Payment may be by check (made payable to NTIS) or charged to an NTIS
deposit account number* American Express, VISA, or Mastercard.
Phone (703) 487-4650 or fax (703) 321-8547.
Local Area Personal Income, 1984-89. (1991) Contains estimates of personal
income by major type of payment and earnings by major industry, population,
and total and per capita personal income for regions, States, counties, and
metropolitan areas.
Vol. J. Summary: Regions, States^ and Metropolitan Areas. Estimates for the
United States, regions, States, and metropolitan areas. Also contains
county definitions of metropolitan areas, a detailed description of sources
and methods, and samples of tables available, 304 pp. $15.00 (GPO STOCK
NO. 003-010-00216-6).
Vol 2. New England, Mideast, and Great Lake$ Regions, (er, DE, 0c» a, IN, ME,
MD, MA, MI, NH, NJ, NY, OH, PA, RI, VT, Wl) 324 pp. $l6*OO (GPO STOCK NO.
O03-O10-00217-4).
Vol. j. Plains Region. (IA, KS, MN, MO, NE, NB, so) 240 pp. $12.00 (GPO STOCK
NO. 003-010-00218-2),
Vol 4. Southeast Region. ( AL, AR, PL, GA, KY, LA, MS, NC, sc, TN, VA, wv) 376 pp.
$18.00 (GPO STOCK NO. 003-010-00219-1).
Vol. 5* Southwest, Rocky Mountain, and Far West Regions and Alaska and
Hawaii. ( AK, AZ, CA, co, HI, ID, MT, NV, NM, OK, OR, TX, UT, WA, WY) 328 pp*
$16.00 (GPO STOCK NO. 003-010-00220-4).
BEA Regional Projections to 2040, (1990) Three volumes. Presents regional
projections for selected economic and population variables for 1995,2000,2005,
2010,2020, and 2040. Includes projections for employment and earnings by
industry and for personal income, as well as a statement of methodology.
Vol i: States. 144 pp. $7.50 (GPO STOCK NO. 003-010-00199-2).
Vol a: Metropolitan Statistical Areas. 352 pp. $17.00 (GPO STOCK NO. 003-01000211-5).
Vol 3: BEA Economic Areas, zoo pp. $10.00 (GPO STOCK NO. 003-010-002123)The Balance of Payments of the United States: Concepts, Data Sources, and
Estimating Procedures, (1990) Describes in detail the methodology used in
constructing the balance of payments estimates for the United States. Explains
underlying principles, and describes the presentation of the estimates. Includes
a comprehensive list of data sources* 160 pp» $8.50 (GPO STOCK NO. 003-01000204-2).
Foreign Direct Investment in the United States: Operations of U.S. Affliates
of Foreign Companies. (1991) Contains information on the financial structure
and operations of nonbank U.S. affiliates of foreign direct investors. Data are
classified by industry of U.S. affiliate, by country and industry of ultimate
beneficial owner, and, for selected data, by State. 92 pp. $5.00 each. Preliminary
1989 Estimates: GPO STOCK NO. 003-010-00223-9; Revised 1988 Estimates: GPO
STOCK NO. 003-010-00224-7.
Foreign Direct Investment in the United States: 1987 Benchmark Survey,
Final Results. (1990) Contains information for 1987 on the financial structure
and operations of U.S, affiliates of foreign direct investors, on the foreign direct
investment position in the United States, and on balance of payments transactions between U.S. affiliates and their foreign parents. Data are classified by
industry of affiliate, by country and industry of ultimate beneficial owner or
foreign parent, and, for selected data, by State. Also contains a complete
methodology and copies of survey forms and instructions. 284 pp. $14.00 (GPO
STOCK NO. 003-010-00210*7).
Foreign Direct Investment in the United States: Balance of Payments and
Direct Investment PositionEstimates, 1980-86. (1990) Contains final estimates
of the forei^i direct investment position in the United States and of balance of
payments transactionsbetween U.S. affiliates and their foreign parent groups for
calendar years 1980 86. Includes estimates by country of foreign parent and
industry of U.S. affiliate. Most of the estimates in this publication appeared
earlier in various issues of the SURVEY OF CURRENT BUSINESS. 56 pp. $3.00 (GPO
STOCK NO. 003-010-00215-8).
U.S. Direct Investment Abroad: 1989 Benchmark Survey, Preliminary
Results, (1991) Presents preliminaryresults of thelatestbenchmark survey of the
worldwide operations of U.S. multinational companies. Contains detailed 1989
data on the financial structure and overall operations of U,S. parent companies
and their foreign affiliates in 91 tables organized by country andby industry. 120
pp. $5,50 (GPO STOCK NO. 003-010-00225-5).
@FedFRASER