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).