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JANUARY 1977 / VOLUME 57 NUMBER
SURVEY OP CURRENT BUSINESS
\
CONTENTS
THE BUSINESS SITUATION
1
National Income and Product Tables
9
State Personal Income, 1975: III—1976: III
18
Plant and Equipment Expenditures: 1977
20
Revised Inventory and Sales Estimates, 1958-75
21
U.S. Department of Commerce
Elliot L. Richardson / Secretary
John W. Kendrick / Chief Economist
for the Department of Commerce
Bureau of Economic Analysis
George Jaszi / Director
Allan H. Young / Deputy. Director
Carol S. Carson / Editor-in-Chief,
Survey of Current Business
Manuscript Editor: Dannelet A. Grosvenor
Statistics Editor: Leo V. Barry, Jr.
Graphics Editor: Billy Jo Hurley
Staff Contributors to This Issue: Robert B.
Bretzfelder, John T. Woodward
CURRENT BUSINESS STATISTICS
General
S1-S25
Industry
S25-S40
Subject Index (Inside Back Cover)
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GA., Atlanta 30309
1365 Peachtree St., N.E. 526-2470
MASS., Boston 02116
441 Stuart St. 223-2312
N.Y., New York 10007
26 Federal Plaza 264-0634
TENN., Memphis 38103
147 Jefferson Ave. 534-3213
TEX., Dallas 75202
1100 Commerce St. 749-1515
TEX., Houston 77002
1017 Old Federal Bldg. 226-4231
UTAH, Salt Lake City 84138
125 South State St. 524-5116
VA., Richmond 2324O
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WASH., Seattle 98109
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W. VA., Charleston 25301
500 Quarrier St. 343-6181
WIS., Milwaukee 53202
517 E. Wisconsin Ave. 224-3473
WYO., Cheyenne 82001
2120 Capitol Ave. 778-2220
the BUSINESS SITUATION
November construction put in place,
In the discussion that follows, other
annual rate in the fourth quarter of for inventories, October and November
1976, as compared with 4 percent in the book values for manufacturing and
third quarter. The deceleration was trade, and unit auto and truck invenmore than accounted for by* a reduction tories through December; for net exin inventory investment. Final sales of ports of goods and services, October
GNP increased more in the fourth quar- and November merchandise trade, and
ter than in the third—5 percent as fragmentary information on investment
compared with 4% perceilt (table and income for the quarter; for government
chart 1). The improvement in final sales purchases of goods and services, Federal
was in personal consumption expendi- expenditures for October and Novemtures (PCE) and residential investment. ber, State and local construction put in
GNP prices, as measured by the im- place for October and November, and
plicit price deflator, accelerated from State and local employment through
4% percent to 6 percent; about one- December; and for GNP prices, the
third of the acceleration was due to the Consumer Price Index for October and
November, the U.S. Department of
Federal pay raise.
Agriculture
food market basket for
These fourth-quarter estimates are
December,
and
the Wholesale Price
based on the following major data
Index
through
December.
Some of
sources: for PCE, retail sales, and
these
source
data
are
preliminary
and
unit auto and truck sales through
subject
to
revision.
Fourth-quarter
inDecember; for nonresidential investformation
on
corporate
profits
is
not
ment, the same information for autos
and trucks, manufacturers' shipments yet available; to derive the estimate of
of machinery and- equipment for Oc- corporate profits with inventory valuatober and November, October and tion and capital consumption adjustNovember construction put in place, ments for the year 1976, it was assumed
and investment plans for the quarter; that the fourth-quarter statistical disfor residential investment, October and crepancy was the same as in the third.
gaps are noted.
Employment, unemployment, and
hours.—The unemployment rate moved
up from 7.8 percent in the third quarter
to 7.9 percent. As was the case earlier
in the recovery, women fared relatively
better than men and teenagers (chart
2). The unemployment rate for women
declined, and that for men and teenagers increased. Also, the increase in
the number of employed women was
larger than that for men, and the number of employed teenagers declined.
On the basis of the establishment
survey, nonfarm payroll employment
was up 364,000, slightly more than in
the third quarter. Almost all of the
increase was in the service-producing
industries, particularly in the services
group. Average weekly hours in private
nonfarm establishments edged up 0.1
hours to 36.2, after having slipped by
that amount in the third quarter.
Reflecting stronger employment and
hours, the index of aggregate hours
increased substantially more than in
the third quarter.
REJ
CAL GNP increased at a 3-percent and housing starts through November; assumptions made to fill major data
Table 1.—Gross National Product in Current and Constant Dollars, 1976
[Quarters at seasonally adjusted annual rates]
Constant (1972) dollars
Current dollars
Percent change from preceding period
Billions 3f dollars
Gross national product
Final sales _ . .
Change in business inventories... .
I
II
III
IV
Year
I
II
III
IV
1,692.4
1,636.2
1,675.2
1,709.8
1,748.5
1,265.0
1,246.3
1,260.0
1,272.2
1,281.5
1,679.0
1,621. 4
1,659.2
1, 694. 7 1,740. 6
1,255. 9
1,235. 9
1,248. 8
1,262. 0
1,276. 8
4.7
Year
6.2
III
IV
I
II
9.2
4.5
3.9
3.0
4.8
4.3
3.7
4.2
4.3
13.5
14.8
16.0
15.1
7.9
9.1
10.4
11.1
10.2
Less: Rest-of-the world product
13.3
13.0
12.4
13.7
14.2
5.9
5.9
5.6
6.0
6.2
22.9
77.3
-16.5
25.7
19.2
Equals: Gross domestic product
1,679.1
1,623.2
1,662.8
1,696.1
1,734.3
1,259.1
1,240.4
1,254.3
1,266.2
1,275^3
6.1
9.0
4.6
3.8
2.9
__ __
Year
SURVEY OF CURRENT BUSINESS
CHART 1
Real Product:
Change From Preceding Quarter
Table 2.—Real Gross Product, Hours, and
Compensation in the Business Economy
Other Than Farm and Housing, 1976
[Percent change from preceding period, quarters at seasonallyadjusted annual rates]
Year
Billion (1972) $
40
Real gross product
Hours
Compensation
Real gross product
per hour
Compensation per
hour
Unit labor cost
I
II
III
IV
7.1
2.9
10.9
10.7
5.2
14.3
5.4
1.2
9.0
3.0
.5
7.9
4.1
5.1
4.1
2.5
.3
7.8
8.6
7.6
7.5
7.8
3.5
3.3
3.4
4.8
7.4
2.7
2.4
10.3
Productivity, costs, and prices
-40
30
CHANGE IN BUSINESS INVENTORIES
20 -
10
\. i .
i•
10
"
11.
30
-
1
1
i.
20
-
1
-
i
i
i
PERSONAL CONSUMPTION EXPENDITURES
-10 -
-20
T¥¥
10 FIXED INVESTMENT
Residential
*n
I
-10
»•••••
Total
-20
10
NET EXPORTS
• •••I
-10
10
GOVERNMENT PURCHASES
0
I
-10
1973
1974
l
1975
1976
Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
77-M
Table 2 shows percentage changes in
real gross product per hour, compensation per hour, and unit labor cost for
the business economy other than farm
and housing. These series were described
in the October SURVEY. I t should be
noted again that the gross product
estimates for the last quarter are based
on the assumption that the constantdollar equivalent of the statistical
discrepancy is the same as in the preceding quarter. New seasonal factors
for the hours series recently introduced
by the Bureau of Labor Statistics were
not used pending further tests of their
consistency with the seasonal factors
used in adjusting gross product and
compensation.
Increases in productivity slowed progressively in 1976; in the fourth
quarter, there appears to have been
little change according to the preliminary figures. Increases in product
slowed more than increases in hours,
except in the fourth quarter, when a
pickup in hours was the main factor.
The increase in compensation per hour
remained in the 7% to 8% percent (annual rate) range, and unit labor cost
increased 7% percent, substantially more
than in earlier quarters.
Prices.—Chart 3 puts the fourthquarter increase in the GNP implicit
price deflator into perspective. As can
be seen, the deceleration in the GNP
deflator that followed the food and
energy price inflation of 1973 and 1974
ceased in the second quarter of 1975.
Since then, annual rates of price
increase have ranged from 3 to 7
percent, with the fourth quarter of 1976
close to the upper end of the range.
January 1977
Table 3 shows the deflators for GNP
and its components. Prices of final
sales to U.S. purchasers, i.e., final
sales less exports plus imports, accelerated less than GNP prices, because
import prices increased only moderately
in the fourth quarter after an erratic
spurt in the third.
CHART 2
Labor Force, Employment, and
Unemployment Rate: Change From
January 1974
Millions
LABOR FORCE
Adult Men
^
\
-11 I I I I I I I I I I I I I I 1 I I I I I I I I I I I I I I 1
EMPLOYMENT
1111111111111111
Percentage points
UNEMPLOYMENT
RATES
6~
/ "
~_
J £
sf
/
-
'3
2 -
-2
Mill m i l i i i i 1 i i i i I
1975
1976
Seasonally Adjusted
111111111 i i l l
1974
^
I
Data: BLS
U.S. Department of Commerce, Bureau of Economic Analysis
77-1-2
SURVEY OF CURRENT BUSINESS
January 1977
The first-quarter increase in motor
vehicles was obviously unsustainable.
Largely reflecting new autos, the rates
of increase tapered in the second and
third quarters. In the fourth quarter,
there were declines both in new autos
and in trucks.
Personal income increased at an
annual rate of $36 billion in the fourth
quarter, about $12 billion more than in
the third. The fourth-quarter pickup
was accounted for mainly by wage and
salary disbursements, farm proprietors'
income, and dividends. The increase in
wages and salaries was $23 billion in
the fourth quarter, about $6 billion
more than in the third. Wages and
salaries had been held down in the
third quarter by work stoppages in
the mining, rubber, and transportation
Personal consumption and income
equipment industries, and lifted in the
Real PCE increased at an annual rate fourth quarter by the Federal pay raise
of 5% percent in the fourth quarter (about $2 billion). Farm proprietors'
(table 4). As shown in chart 4, the PCE income dropped $1% billion in the fourth
increase was smaller in the third and quarter, $4% billion less than in the
second quarters, but larger in the first third, mainly because the drop in
quarter. The near 9 percent first-quarter livestock prices was much smaller.
increase was due to motor vehicles and The $1% billion acceleration in dividends
parts, food, and energy. The increase in largely reflected a special yearend
expenditures on all other PCE was pay out by General Motors.
Personal tax and nontax payments
small. The fourth-quarter pattern was
different. All other PCE was much increased about $3 billion more than in
stronger than in the first quarter, but, the third quarter, mostly because of
mainly because of autos, the increase larger Federal individual income tax
in the total was less. The strengthening payments, and disposable personal inwas in goods, with much of the strength come increased $9 billion more. With
in appliances, and clothing and shoes. the increase in consumer prices the same
Prices paid by consumers increased
at a 5%-percent annual rate, as they
had in the third quarter. The increase
in food prices continued to be small,
about iy2 percent. The increase in
energy prices was large—12 percent—
but substantially less than in the third
quarter. This deceleration, combined
with that in clothing and shoes, was
offset by accelerations in the prices of
new autos, other durables, and other
nondurables.
The other components of final sales
listed in the table, except residential
investment, showed larger price increases in the fourth quarter than in the
third. The Federal pay raise more than
accounted for the increase in prices
paid by government.
Table 3.—Implicit Price Deflators, 1976
[Quarters are seasonally adjusted]
Percent change from preceding
period (quarters at seasonally
adjusted annual rates)
Index numbers (1972=100)
Year
Gross national product
II
III
IV
Year
II
III
IV
133.79
131.29
132.96
134.40
136.44
5.1
3.2
5.2
4.4
6.2
Equals: Final sales
133.7
131.2
132.9
134.3
136.3
5.1
3.6
5.2
4.4
6.2
Less: Exports
169.2
164.6
168.1
171.1
172.9
3.6
2.3
8.8
7.3
4.3
194.3
134.8
189.2
132.3
190.4
133.8
198.1
135.6
199.4
137.6
3.7
5.5
4.1
4.7
2.5
4.8
17.3
5.4
5.9
132.7
141.8
165.0
127.5
130.3
141.1
160.0
125.0
131.7
141.5
160.6
126.6
133.4
142.0
167.2
128.3
135. 2
142.6
171.9
130.0
5.0
1.9
6.9
5.9
3.9
-1.7
-6.6
6.6
4.1
1.0
1.6
5.5
5.5
1.6
17.4
5.4
5.4
1.7
11.9
5.5
139.0
145.5
134.7
143.8
138.4
136.0
143.3
132.8
139.0
135.4
138.0
145.0
133.8
142.9
137.3
139.7
146.1
135.1
145.3
139.2
142.1
147.4
137.1
147.3
141.8
6.3
2.7
5.8
8.0
6.6
6.3
3.6
6.1
9.5
6.2
6.4
5.0
2.9
11.5
5.8
5.2
3.1
4.1
7.0
5.5
6.9
3.6
6.1
5.7
7.7
Less: Change in business inventories-
Plus: Imports
Equals: Final sales less exports plus imports.
Personal consumption expenditures
Food
Energy i
Other personal consumption expenditures._
Other
Nonresidential structures
Producers' durable equipment.
Residential
Government purchases
1. Gasoline and oil, fuel oil and coal, electricity, and gas.
CHART 3
Implicit Price Deflators: Change From
Preceding Quarter
Percent
70 1
60
50
40
30
20
10
-10
1
1 I
i
i
1973
1974
1975
1976
Seasonally Adjusted at Annual Rates
U.S. Department of Commerce. Bureau of Economic Analysis
77-1-3
n both quarters, the acceleration in
current-dollar income carried through
to real income, which increased at a
3%-percent annual rate in the fourth
quarter, as compared with one-half
of 1 percent in the third. The percentage increase in personal outlays exceeded that in disposable income, and
the saving rate declined from 6.4 to 6.0
percent.
During 1976, the pattern of changes
in real PCE was broadly similar to that
of changes in real disposable income.
Prior to the fourth quarter, income
increases had tapered. However, increases in outlays generally exceeded
those in income, and the saving rate
dropped l}{ percentage points from the
fourth quarter of 1975. Setting aside
multiplier effects, if the saving rate
had not dropped over the past year, the
increase in real PCE would have been
about $14 billion, or one-third, less
than the increase that actually occurred.
At 6 percent in the fourth quarter of
1976, the saving rate was the lowest it
had been since mid-1972.
Fixed investment
The increase in real residential investment stepped up in the fourth
SURVEY OF CURRENT BUSINESS
CHART 4
Real Personal Consumption Expenditures: Change From Preceding Quarter
Percent
Percent
70 -
-70
60 -
-60
10
10
THIRD QUARTER 1976
FOURTH Q
10 -
0
-10 -
-
-20
-
-30
-
1
I
I
1
0
1
100
-30
0
100
Percent Distribution
Seasonally Adjusted at Annual Rates
* Gasoline and oil, fuel oil and coal, electricity, and gas.
Note.-The area of the bar of each component is approximately proportionate to that component's contribution to the percentage change in total PCE.
U.S. Department of Commerce, Bureau of Economic Analysis
January 1977
quarter, to a 37-percent annual rate
(table 5). In the earlier quarters of the
year, increases had been considerably
smaller. Information on starts, permits,
and construction put in place suggests
that a disproportionate share of the
stepup was in multiunit construction
(chart 5).
For single unit construction, it is
particularly difficult to explain why a
step-up should have occurred at this
time. For multiunit construction, it is
possible to discern an improvement in
market conditions. With some interruptions, the rental vacancy rate has
declined over the past year, and the
market absorption rate for apartments
has increased. Commitments of life
insurance companies to finance mortgages on income properties have increased. Also, the availability of commercial bank financing may be improving, as banks adjust to the losses they
suffered in financing multiunit structures, particularly via real estate investment trusts. However, the only
factor that suggests itself as an explanation of the suddenness of the stepup is increased activity under Section 8
Federal rent subsidy programs. But it
is not known to what extent this activity is already reflected in construction put in place.
Permits, starts, and the recent easing
of monetary policy are compatible with
a further rise in residential construction
in the first quarter of 1977. However,
on the basis of the information now
available, it is unlikely that the increase
will be as large as in the fourth quarter.
Nonresidentialfixedinvestment.—Real
nonresidential fixed investment was
unchanged in the fourth quarter, because it was held down by sharp declines
in business expenditures on autos and
trucks. Investment in structures continued its gradual improvement, and
expenditures on producers' durable
equipment other than autos and trucks
increased more than earlier in the year.
The outlook for fixed nonresidential
investment is best discussed by reference to the plant and equipment
survey and information on appropriations, because at this time the horizon
of the survey is much longer than that
of orders and other series relating to
investment commitments. According to
SUKVEY OF CUERENT BUSINESS
January 1977
Table 4.—Personal Consumption Expenditures in Current and Constant Dollars, 1976
[Quarters at seasonally adjusted annual rates]
Constant (1972) dollars
Current dollars
Billions of dollars'
Year
Personal consumption expenditures..
1,078.6 1,043.6
Durables
Motor vehicles and parts _
Other durables
Nondurables.
Food
Energy l
Other nondurables_.
Services
2
Energy __
Other services.
III
IV
Percent change from preceding period
Year
II
III
IV
Year
II
III
IV
1,064.7
1,088.5
1,117.5
812.9
800.7
808.6
815.7
826.6
5.5
8.8
4.0
3.6
156.3
151.4
155.0
157.6
161.2
125.7
124.3
125.2
126.2
127.0
12.3
23.2
3.0
3.2
2.3
70.6
85.7
440.3
68.0
83.4
70.4
84.6
54.8
69.5
55.2
70.1
55.4
70.8
66.1
-1.2
2.9
3.2
1.8
4.4
-8.3
11.2
319.1
314.6
317.6
318.9
54.2
72.7
325.5
22.9
5.3
434.8
72.4
88.8
455.5
54.9
70.8
429.1
71.7
85.9
441.8
4.3
6.8
3.8
1.7
8.5
224.5
53.2
162.6
219.2
51.3
158.5
223.1
51.3
160.4
225.2
53.4
163.1
230.4
56.9
168.2
158.3
30.8
130.0
155.3
30.4
128.8
157.7
30.7
129.1
158.6
30.6
129.7
161.5
31.5
132.4
5.2
3.2
9.5
24.3
0
6.3
3.9
.9
2.1
-1.6
1.9
7.7
12.5
8.7
482.0
463. 2
474.9
489.1
500.8
368.1
361.8
365.8
370.6
374.2
4.5
6.2
4.6
5.3
3.9
32.1
449.9
ol.O
432.2
30.6
444.2
32.6
456.5
34.1
466.7
20.9
347.2
21.0
340.7
20.3
345.5
20.8
349.8
21.4
352.8
1.4
4.6
17.8
5.5
-13.4
5.7
11.2
5.0
10.9
3.5
1. Gasoline and oil, and fuel oil and coal.
5.4
2. Electricity and gas.
the plant and equipment survey conducted in late November and December, which is reviewed later in this issue
of the SURVEY, business plans to increase plant and equipment spending
11.3 percent in 1977. These plans are
stated in current dollars, and it is
difficult to translate them into real
terms, because little is known about
how respondents estimate price changes,
or about the adjustments that would be
made to plans if price expectations were
not realized. As explained in the review
article, a 6-percent increase in real
spending plans is implied by the
current-dollar figures, if prices—as
measured by the implicit price deflator
for nonresidential fixed investment—
increase in 1977 at the same rate as in
1976. According to the plant and
equipment survey, business expects an
8-percent increase in 1977 in the prices
of capital goods to be purchased. In the
6 years since the inception of the price
inquiry, price expectations have exceeded actual increases reported one
year later by as much as 17 percent
and fallen short of them by as much as
45 percent. This is not a good record.
However, if the 8 percent expected increase is taken at face value, the
current-dollar figures imply a 3%percent real increase in spending plans.
The information from the NovemberDecember survey about the year 1977
can be put with the information from
the October-November survey about
the first half of 1977 to see what is
implied for the second half. The second
half is derived by deducting first-half
planned spending from plans for the
year as a whole. The results, in terms
of percent changes, are shown at right.
Total plant and equipment spending
is seen to decelerate from 7}i percent in
the second half of 1976 to 4 percent in
the first half of 1977, and to accelerate
to 7 percent in the second half. The
[Percent change from preceding half year]
Second
half
1976
Plant
and equipment
spending, total
First
half
1977
Implied
second
half
1977
7.6
4.1
7.1
Manufacturing
11.2
3.2
8.0
Durable goods
Nondurable goods
Nonmanufacturing
12.8
9.9
4.3
2.3
3.8
11.6
4.8
4.8
6.4
bulk of the acceleration is in nondurable
goods manufacturing. Durable goods
manufacturing shows about the same
increase in the second half as in the
first, and the acceleration in nonmanufacturing is moderate. The changes
shown in the underlying industry detail
for durable goods manufacturing seem
reasonable. The nondurable goods industries show more variation; the
second-half acceleration is traceable
largely to petroleum. Capital appropriations for petroleum do not confirm this
Table 5.—Fixed Investment in Current and Constant Dollars, 1976
[Quarters at seasonally adjusted annual rates]
Constant (1972) dollars
Current dollars
Percent changei from preceding period
Billions of dollars
Year
Fixed investment
Nonresidential
Structures
..
>
..
.
T T"or|ncPTs' duffiblf pr[iiipTnent,
Autos trucks and buses
Other..
Residential
-
I
II
III
IV
Year
I
II
III
IV
Year
I
II
III
227.7
214.7
223.2
231.9
241.1
162.8
156.7
160.6
165.0
169.1
8.7
11.6
10.2
11.4
160.0
55.4
104.5
22 2
82.4
153.4
53.2
100 2
21.4
78.8
157 9
54.9
103 0
21.8
81.2
163 0
56.0
107 0
24.2
82.8
115 7
38.1
77 6
18.3
59.3
117.5
38.4
79.2
19.9
59.3
117.8
39.0
78.8
17.4
61.4
3.8
7.8
8.3
9.6
3.7
3.9
4.7
9.3
8.4
8.3
14.1
1.2
43.7
.9
61.3
65.3
68.9
112.6
37.1
75 5
17.7
57.8
44.1
114.9
37.9
77.0
18.2
58.8
67.8
165 5
57.5
108 0
21.3
86.7
75.6
45.7
47.4
51.3
22.7
22.3
47.1
IV
10.4
5.2
.8
6.9
13.2
6.9
11.7
42.3
3.3
-2.1
-42.3
15.2
15.1
16.1
37.0
6
SURVEY OF CURRENT BUSINESS
January 1977
half plans for the petroleum industry are listed earlier in this review. To
appear to be low, and perhaps some of fill in the gaps, it was assumed that
the increase implied by the calculation the December rate of nonfarm CBI
for. the second half of the year will occur other than of auto dealers would return
in the first half. Third, spending in to almost the October rate. Assump"other transportation" may be dis- tions about inventory behavior are
tributed more evenly over the year than always risky, and especially so in
periods of substantial inventory change.
indicated by plans.
Two further statistical problems should
Inventory investment
be noted. First, the third-quarter rate
The real change in business inventor- of inventory accumulation, particularly
ies (CBI) decelerated $5% billion— in durables manufacturing and durables
from $10 billion in the third quarter wholesale trade, was somewhat higher
to $4% billion in the fourth (table 1). than the published estimates show,
In its effect on total GNP, this deceler- mainly because these estimates have
ation more than offset the acceleration not been revised to substitute final for
of final sales, which—as already noted— preliminary Census Bureau book value
was traceable to PCE and residential data. The incorporation of these and
investment. Given these movements, some other data that affect earlier
the constant-dollar ratio of inventory quarters would raise the nonfarm instocks to business final sales slipped a ventory-business final sales ratio a
little, but not nearly enough to affect
little from earlier in the year.
The major inventory source data its interpretation.
Second, in the third and fourth
now available for the fourth quarter
quarters, the two calculations of auto
inventories—based on Census BureauCHART 5 based book values of automotive dealers
and based on physical unit data
Housing Starts and Mobile Home Shipments
collected by the Motor Vehicle ManuMillions of units
facturers
Association—differed sub3.5
stantially. The former is part of total
CBI and GNP; the latter is the
inventory component of auto output.
Changes in the latter do not affect
CBI and GNP, because, in effect, the
Census-based estimates are used as
the control for total CBI. Differences
between the two series are to be
expected, because their coverage is not
the same. The Census-based series
includes,
in addition to inventories of
2.0
new and used autos, inventories of
parts and accessories, trucks, recreational vehicles, boats, etc.—in short, of
all items that automotive dealers sell
1.5
in addition to autos. However, in the
third and fourth quarters, the differences between the two series were
1.0
unusually large, implying a swing from
accumulation to liquidation of nonauto
items of a magnitude that is unlikely
to have occurred. Either or both series
may be in error.
Mobile Home Shipments
Setting aside autos, it would appear
that the fourth-quarter deceleration
n I i I i l i I I i i i i I i I I i I I l I i i I 1 I i I i I 1 l i I l I 1 I i i l l I I I I i l I l i I i i I I
of inventory investment centered in
1976
1972
1973
1974
1975
retail
trade. Inventories held by durable
Seasonally Adjusted at Annual Rates
Data: Census
goods
manufacturers were higher in
77-1-5
U.S. Department of Commerce, Bureau of Economic Analysis
pickup, but this evidence is not strong,
because appropriations and plans for
this industry are erratic. In nonmanuf acturing, the second-half step-up is the
net effect of a sharp drop in electric
utility plans, which is consistent with
appropriations in this industry, and
increases in other groups. The largest
increase in the latter is in "other transportation," for which spending plans
decrease sharply in the first half of the
year and increase in the second. The
swing may represent the expectation
that the Trans-Alaska pipeline will be
completed by midyear.
For several reasons, the sharp Vshaped pattern of spending plans is not
likely to be reflected in actual spending.
First, spending in the first half may
be stronger than suggested by plans,
if some fourth-quarter 1976 spending
spills over into 1977. This is not unlikely, because fourth-quarter spending
plans appear to be high. Second, first-
SURVEY OF CURRENT BUSINESS
January 1977
Table 6.—Net Exports of Goods and Services in Current and Constant Dollars, 1976
[Quarters at seasonally adjusted annual rates]
Current dollars
Constant (1972) dollar 5
Billions ()f dollars
Year
Net exports of goods and services
Exports
Merchandise
Agricultural
Nonagricultural
Imports
Merchandise
_.
Petroleum
Nonpetroleum __
. ._
I
III
II
IV
Year
Percent change from preceding period
I
II
III
IV
I
Year
II
III
IV
6.9
8.4
9.3
4.7
5.2
15.9
16.6
16.0
15.7
15.3
161.9
114.1
23.5
90.6
154.1
107.8
21.4
86.4
160.3
113.9
23.5
90.4
167.7
118.8
25.5
93.3
165.6
116.1
23.7
92.4
95.7
67.6
93.6
65.8
95.4
67.8
98.0
69.6
95.8
67.3
5.6
2.9
-1.3
-10.4
7.7
12.5
11.7
11.1
-8.8
-12.8
155.1
122.3
34.2
88.1
145.7
113.8
29.5
84.3
151.0
118.5
34.1
84.5
163.0
129.8
37.6
92.2
160.4
127.0
35.4
91.5
79.8
59.9
77.0
57.2
79.4
59.5
82.3
62.3
80.5
60.5
17.2
20.8
39.9
51.8
12.5
16.8
15.7
20.6
-8.7
-11.0
the fourth quarter than in the third.
This pattern suggests the possibility
that the change in the CBI was not
entirely voluntary. The demand for
the products of the durable manufacturing industries has been weak, and
retail trade has increased unexpectedly
in recent months.
which was due to public construction.
Real Federal purchases have shown
little change through the period since
early 1973. State and local purchases
were the same as a year ago. For both
Federal and State and local government, the major components of purchases—payrolls and purchases of business products—have also been stationary over these periods.
The shortfall in Federal expenditures.—The slowing of the business
recovery during 1976 has been attributed in part to Federal expenditures, in particular to the shortfall of
these expenditures from the January
1976 budget estimates. Undoubtedly,
the recovery would have been faster if
the shortfall had not occurred. However, the frequently cited $11.4 billion—
representing the shortfall of actual
unified budget expenditures in the first
three quarters from the January estimates—greatly overstates the impact
of the shortfall on economic activity.
The major reason for the overstatement
is that a large part of the shortfall was
in transactions that involve exchanges
of financial and other assets. These are
Net exports
Real net exports were unchanged in
the fourth quarter, as both exports and
imports declined. Table 6 has been
expanded to show current-dollar breakdowns of merchandise exports into
agricultural and nonagricultural, and
of merchandise imports into petroleum
and nonpetroleum. In the fourth
quarter, each of these categories declined. It is reasonable to assume that
corresponding constant-dollar figures
would also decline.
The government sec tor
Real government purchases of goods
and services were flat in the fourth
quarter (table 7). A small increase in
Federal purchases was offset bv a
decline in State and local purchases,
included in the unified budget but, at
most, have only an indirect impact on
economic activity. These transactions
are not included in expenditures on a
national income and product (NIPA)
basis, because the latter register only
transactions that directly enter the
current receipts of businesses and
individuals, and thus have a direct
effect on economic activity. Calculated
on the NIPA basis, the shortfall was
much smaller—not much more than
half the unified budget shortfall. It is
impossible to be precise about these
figures, because for definitional and
statistical reasons they cannot be
quantified precisely.
There are other reasons why the
shortfall is smaller in terms of NIPA
expenditures than in the unified budget.
A significant factor is the timing adjustment for defense expenditures. This
adjustment—the two components of
which are adjustments for progress
payments and net receivables—converts unified budget expenditures,
which are on a checks issued basis, into
NIPA expenditures, which are largely
on a delivery basis. It is not clear which
Table 7.—Government Purchases of Goods and Services in Current and Constant Dollars, 1976
[Quarters at seasonally adjusted annual rates]
Constant (1972) dollars
Current dollars
Percent change from preceding period
Billions ()f dollars
Year
Government purchases of goods and services
Federal
National defense
Nondefense
State and local
_ _
I
II
III
IV
Year
I
365.8
354.7
362.0
369.6
376.8
264.2
261.9
133.4
88.2
45 2
129.2
86.2
42 9
131.2
86.9
44 2
134.5
88 5
46 0
138.9
91 3
47 6
96.7
95.4
232.3
225.5
230.9
235.0
238.0
167.5
166.6
Year
I
II
III
IV
II
III
IV
263.6
265.5
265.8
1.3
-4.9
2.6
2.9
0.4
97.3
98.1
1.0
-7.2
2.5
5.7
3.5
168.2
167.7
1.4
-3.5
2.7
1.4
-1.3
96.0
167.7
SURVEY OF CURRENT BUSINESS
8
timing—checks issued or deliveries—is
a better indicator of economic impact,
in the sense of being closer to production. Progress payments, which are
paid on fixed price contracts, are included in the unified budget but not in
the NIPA's. With respect to these
contracts, the unified budget provides
a better measure of economic impact.
With respect to cost-type contracts,
goods and services produced are not
reflected in the unified budget until
checks are issued to pay for them. In
NIPA expenditures, the net receivables
item accounts for the goods and services
that have been taken out of inventory
and delivered without the Government
having paid for them. Accordingly, in
the NIPA's, total production is accounted for by the sum of the inventory
and Government expenditures entries.
Thus, the NIPA's provide a consistent
presentation of economic activity. However, this proposition does not point to
the conclusion that, in the case of costtype contracts, NIPA expenditures are
a good measure of economic impact, in
the sense of being close to production.
The situation is similar for "off the
shelf" items, which are not produced
under contract. These considerations
suggest that for defense expenditures,
to the extent that the unified budget
shortfall differs from the NIPA shortfall
because of the timing adjustment, the
unified budget shortfall is probably a
better measure of economic impact than
the NIPA shortfall.
The extent to which the relevant
shortfall in total Federal expenditures
will be made up in the period ahead is
uncertain. Some of the expenditures in
the unified budget may have been overstated, because in estimating them more
inflation was assumed than actually
occurred. Interest payments were lower
than budgeted, because the deficit and
interest rates turned out to be lower
than assumed. Some other expenditures
were overestimated, because of misjudgments in the evaluation of specific
programs. These shortfalls will not be
made up. Another type of shortfall was
due to various kinds of lags—in the
making of appropriations, in the obligation of appropriations, and in the
payment of obligations. Shortfalls of
this type are likely to be made up.
They may amount to about one-half
of the NIPA shortfall. However, the
makeup will probably be gradual, and
therefore will not affect economic activity in an identifiable way in any particular period.
Fiscal position.—It is useful to consider the shortfall against the broader
background of fiscal policy, which can
be summarized in terms of the full
employment surplus or deficit, although
this measure has many shortcomings.
Over the year since the second-quarter
1975 tax rebate, the full employment
Table 8.—Gross National Product by Sector of Origin in Constant (1972) Dollars, 1976
I Quarters at seasonally adjusted annual rates]
Percent change from
preceding period
Billions of dollars
Year
Gross national product
Less: Households and institutions, rest of
the world, and government
Equals: Business product..
Less: FarmResidual
Equals: Nonfarm business product
1,265.0
1,246.3
1,260.0
Year
III
IV
1,272.2
1,281.5
6.2
II
9.2
3.9
3.0
192.9
191.2
191.9
194.0
194.7
2.9
4.7
1.6
4.4
1.3
1,055.1
1,068.0
1,078.2
1,086.9
6.8
10.1
5.0
3.8
3.3
35.:
3.0
34.3
34.9
1.6
35.0
3.8
36.4
i 3.8
3.0
1.4
7.1
1.1
17.5
1,031.5
1,039.4
1,046.7
6.8
10.0
5.4
3.1
2.8
106.5
107.5
108.5
4.4
4.4
5.2
4.0
3.7
5.4
3.0
1,033.9
2.8
1,018.0
106.9
Equals: Nonfarm business product less
housing
927.0
912.9
925.0
931.8
938.1
7.1
10.7
50.2
47.1
829.6
8.4
821.1
50.4
44.1
818.4
8.0
810.4
51.8
45.7
827.5
10.3
817.2
48.7
47.4
835.7
11.4
824.3
50.1
51.3
836.7
4.1
832.7
26.5
22.7
5.3
96.4
22.3
6.5
105.1
1. Held constant at level of previous quarter.
2. Change in nonfarm business inventories other than autos.
4.5
IV
1,072.0
Less: Housing
Auto
Residential investment..
Other
Inventory change 2
Sales
III
2.7
11.5 -21.5
15.1 16.1
4.6
4.0
3.4
3.5
2.7
11.2
37.0
.5
January 1977
budget moved toward balance. Even
taking into account that in the absence
of the shortfall the full employment
budget would have remained further
from balance, it seems unlikely that the
fiscal policy summarized b;y it would
have been sufficiently expansionary to
insure the continuation of a satisfactory
rate of business recovery.
The broad outlines of the recently
announced 2-year economic program of
the incoming administration indicate
a substantial increase in the full employment deficit in the period ahead.
The major provisions of the program
are as follows: For receipts there is,
effective in the second quarter (1) a
one-time rebate on individual income
taxes—perhaps including a lump sum
payment to Social Security recipients
and others who do not pay income
taxes—on the order of magnitude of
$10 billion ($40 billion annual rate),
designed to benefit mainly low to
moderate income groups; (2) a permanent cut in individual income taxes,
amounting to $4 billion a year, via an
increase in standard deductions, and
therefore benefitting primarily the same
income groups; and (3) tax reductions
for business of $2 billion a year. This
reduction may take the form of a
credit against the income tax amounting
to 5 percent of the annual payroll tax
paid by employers. This mechanism is
intended to lower labor costs, and
thus stimulate employment and reduce
cost pressures. An increase in the investment tax credit is being considered
as an alternative. For expenditures,
additional grants are proposed for
public service jobs, manpower training,
countercyclical revenue sharing, and
public works. These programs are to
get underway in the second quarter,
and are estimated to cost over $2
billion (annual rate) in that quarter
and $8 billion by the end of 1978.
GNP by sector
Additional perspective on the fourthquarter change in real GNP is provided
in table 8. A stripped-down measure of
production—GNP less nonbusiness,
farm, housing, and auto production,
and residential construction—showed
only a fractional increase, as compared
(Continued on page 19)
SURVEY OF CURRENT BUSINESS
January 1977
9
NATIONAL INCOME AND PRODUCT TABLES
1975
1975
1976 v
III
1976
IV
I
II
1975
III
IV p
1975
1976 v
III
1976
IV
Seasonally adjusted at annual rates
I
II
III
IV v
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1972 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product
Personal consumption expenditures..
Durable goods
Nondurable goods.
Services
516.3
,692.4
,548.7
,588.2
,636.2
675.2
973.2
,078.6
987.3
,012.0
,043.6
, 064.7
131.7
409.1
432.4
156.3
440.3
482.0
136.0
414.6
436.7
141.8
421.6
448.6
151.4
429.1
463.2
,709.8
,246.
, 748.5 ,191.7
, 265.0
209.3
,219.2
,272.2
1,281. 5
, 117.5
770.3
812.9
775.3
783.9
800.7
808.6
815.7
826.6
157.6
441.8
489.1
161.2
455.5
500.8
111.9
306.1
352.4
125.7
319.1
368.1
115.1
306.8
353.4
118.0
309.5
356.4
124.3
314.6
361.8
125.2
317.6
365.8
126.2
318.9
370.6
127.0
325.5
374.2
183.7
241.2
196.7
201.4
229.6
155.0
434.8
474.9
239.2
247.0
249.0
137.8
171.9
148.7
147.0
167.1
171.7
175.2
173.7
198.3
227.7
198.6
205.7
214.7
223.2
231,. 9
241.1
149.8
162.8
149.7
152.5
156.7
160.6
165.0
169. 1
Nonresidential
Structures
Producers' durable epuipment-
147.1
52.0
95.1
160.0
55.4
104.5
146.1
51.8
94.3
148.7
52.1
96.6
153.4
53.2
100.2
157.9
54.9
103.0
163.0
56.0
107.0
165.5
57.5
108.0
111.4
36.7
74.7
115.7
38.1
77.6
110.1
36.6
73.5
110.5
36.7
73.8
112.6
37.1
75.5
114.9
37.9
77.0
117.5
38.4
79.2
117.8
39.0
78.8
Residential
Nonfarm structures
Farm structures
Producers' durable equipment-.
51.2
49.0
.8
1.3
67.8
65.1
1.1
1.6
52.6
50.2
1.0
1.4
57.0
54.2
1.4
1.4
61.3
58.6
1.2
1.5
65.3
62.9
.9
1.5
68.9
66.3
1.0
1.6
75.6
72.7
1.2
1.7
38.4
36.6
.6
1.2
47.1
45.1
.7
1.3
39.6
37.6
1.2
41.9
39.7
1.0
1.2
44.1
42.0
.9
1.3
45.7
43.9
.6
1.2
47.4
45.5
.7
1.3
51.3
49.2
.8
1.4
-14.6
-17.6
3.0
13.5
13.6
-.2
-4.3
-9.5
5.2
14.8
12.7
2.2
16.0
17.3
-1.3
15.1
15.6
-.5
7.9
8.9
-1.0
-12.0
-13.0
.9
9.1
9.2
-.1
-1.0
-1.9
.9
-5.5
-7.0
1.5
10.4
8.9
1.5
11.1
12.0
-.9
10.2
10.5
-.3
4.7
5.4
-.7
Gross private domestic investmentFixed investment
Change in business inventories Nonfarm
Farm
Net exports of goods and services
Exports
Imports
Government purchases of goods and services
Federal
National defense_.
Nondefense
State and local
-2.0
-4.2
2.2
20.5
6.9
21.4
21.0
8.4
9.3
22.6
15.9
22.8
23.1
16.6
16.0
15.7
15.3
148.1
127.6
161.9
155.1
148.2
126.8
153.7
132.7
154.1
145.7
160.3
151.0
167.7
163.0
165.6
160.4
90.6
68.1
95.7
90.7
67.9
93.9
70.8
93.6
77.0
95.4
79.4
98.0
82.3
95.8
80.5
339.0
365.8
343.2
353.8
354.7
362.0
369.6
376.8
261.0
262.4
265.2
261.9
263.6
265.5
265.8
124.4
84.3
40.1
214.5
133.4
88.2
45.2
232.3
124.6
84.6
40.0
218.6
130.4
87.1
43.2
223.4
129.2
86.2
42.9
225.5
131.2
86.9
44.2
230.9
134.5
88.5
46.0
235.0
138.9
91.3
47.6
238.0
95.7
95.6
97.2
95.4
96.0
97.3
98.1
166.9
168.0
166. (
168.2
167.7
5.2
165.2
79.8
264.2
96.7
167.5
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product-.
Final sales
Change in business inventories..
Goods
Final sales
Change in business inventories _
[,516.3 1,692.4 1,548.7 1,588.2 1,636.2 1,675.2 1,709.8 1,748.5 1,191.7 1,265.0 1,209.3 1,219.2 [,246.3 1,260.0 1,272.2
1,281.5
.,531.0 1,679.0 1,550. 6 1,592.5 1,621.4 1,659. 2 1,694. 7 1,740.6 1,203.7 1,255.9 1,210. 2 1, 224.7 1,235.9 1, 248.8 1,262.0
10.2
10.4
13.5
-5.5
11.1
-14.6
9.1
-1.0
—2.0
14.8
16.0
-4.3
7.9 - 1 2 . 0
579.1
576.0
546.0
569.5
549.9
681.7
766.1
532.6
576.3
761.5
779.2
703.5
719.7
758.4
742.3
568.9
564.8
748.0
555.4
559.1
696.3
567.2
771.2
547.0
751.0
742.4
544.7
705.4
724.0
727.5
10.2
13.5
10.4
11.1
-5.5
-14.6
9.1
-1.0
15.1
7.9 - 1 2 . 0
-2.0
14.8
16.0
-4.3
1,276.8
4.7
580.8
576.2
4.7
282.7
286.3
-3.6
301.2
295.8
5.4
301.4
314.8
306.3
8.5
204.7
214.1
-9.4
230.7
227.9
2.9
212.1
216.8
-4.6
213.4
220.7
—7.4
221.9
224.3
-7.0
270.0
280.6
-10.6
230.5
226.7
3.8
234.6
230.0
4.6
235.9
230.5
5.4
438.4
433.4
5.0
449.7
443.3
6. 3
459.6
441.1
18.5
457.1
446.6
10.6
457.9
449. 6
8.3
464.4
464.9
-.5
327.9
330.6
-2.7
345.6
339.4
6.2
333.9
330.2
3.7
336.6
334.7
1.9
347.6
334.8
12.8
345.5
338.2
7.3
344.5
338.9
5.6
344.9
345.7
700.2
145.0
719.5
149.1
742.6
151.3
759.6
157.3
781.5
162.2
801.4
168.0
556.6
102.4
578.6
110.0
558.7
104.6
562.8
106.4
570.3
106.6
575.3
108.7
582.1
111.0
586.9
113.8
1,675.2 1,709.8 1,748.5 1,191.7 1, 265.0 1,209.3 1,219.2 1.246.3 1,260.0 1,272.2
1,281.5
1,505.7 1,679.1 1,537.4 1,577.1 1,623.2 1,662.8 1,696.1 1,734.3 1,186.8 1,259.1 1,204.0 1,214.1 1.240.4 [, 254.3 1,266. 2
1, 277.5 1,428.4 1,306.8 1,340. 4 1.380.7 1,415.5 1,443.1 1,474.2 1,004.1 1,072.0 1, 020. 8 , 030. 2 1, 055.1 1, 068. 0 078.2
039.4
994.1 1,018.0 1,031.5
968.1 1,033.9
1, 222. 8 1,370.0 1, 246.7 1, 279.6 1.324.8 1,354.7 1,384.4
983.0
931.8
890.0
865.7
1,105.0 1,240.3 1,127.8 1,157. 6 1,199.8 1, 226.5 1, 253.1
912. 9
925.0
880.1
927. 0
107.5
104.0
102.4
117.8
118.9
125.0
105.1
122.0
106.5
134.2
102. 9
106. 9
129.7
131.2
128.2
35.0
34.2
34.1
50.3
55.0
48.7
34.3
54.8
34.9
35.2
36.0
50.8
50.0
55.0
49.4
4.4
5.1
6.1
8.7
5.8
3.8
1.6
3.0
2.8
1.8
1.9
1.8
1,275.3
Durable goods
Final sales
Change in business inventories.
254.4
266.5
-12.1
301.7
297.4
4.3
265.0
272.0
Nondurable goods
Final sales
Change in business inventories.
427.3
429.8
-2.6
459.8
450.6
9.2
692.5
142.1
771.3
159.7
Services
Structures .
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product..
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
Residual *
1,516.3 1,692.4 1,548.7 1,588.2
Households and institutionsGovernment
Federal
State and local.
Restof the world.
55.9
2 3.8
51.5
53.3
54.8
57.0
58.6
38.5
40.7
38.5
38.8
39.8
40.4
41.5
41.4
144.2
48.2
96.0
4.8
146.3
48.1
144.7
48.2
96.5
145.1
48.1
97.0
145.5
48.1
97.4
146.0
48.0
97.9
146.6
48.1
98.4
147.0
48.1
98.9
5.9
5.3
5.1
5.9
5.6
6.0
6.2
178.5
59.3
119. 2
194.8
63.4
131.4
180.1
59.1
121.1
185.2
61.5
123.7
189.2
62.2
127.0
192.5
62.5
130.0
196.0
63.2
132.8
201.4
65.6
135.8
10.6
13.3
11.3
11.1
13.0
12.4
13.7
14.2
p Preliminary.
1. Equals GNP in constant dollars measured as the sum of final products less G N P in
constant dollars measured as the sum of gross product by industry. The quarterly estimates
are obtained by interpolating tha annual estimates with the satistical discrepancy deflated
by the implicit price deflator for gross domestic business product.
2. Held constant at level of previous quarter.
227-096 0 - 7 7 - 2
1,086.9
1,046.7
938.1
108.5
36.4
NOTE.—Table 2: "Final sales" is classified as durable or nondurable by typa of product.
"Change in business inventories" is classified as follows: For manufacturing, by the type oi
product produced by the establishment holding the inventory; for trade, by the type oi
product sold by the establishment holding the inventory; for construction, durable; and lor
other industries, nondurable.
..
. , „•_
Table 3: The industry classification within the business sector is on an establishment Dasis
and is based on the 1967 Standard Industrial Classification.
SURVEY OF CURRENT BUSINESS
10
1975
1975
1976?
III
January 1977
1976
II
IV
1975
III
IV*
1975
1976*
Seasonally adjusted at annual rates
1,516.3 1,692.4 , 5 4 8 . 7 1,588.2 [,636.2 1,675.2 , 709.8 ,748.5
179.8
164.4
169.5
173.6
177.7
181.6
186.2
130.8
142.0
132.3
135.5
137.5
140.5
143.3
146.6
-30.5
-37.8
-32.1
-34.0
-36.1
-37.2
-38.3
-39.6
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
138.7
149.7
141.5
144.1
144.9
148.2
151.0
154.8
6.3
4.4
7.1
6.4
5.1
6.6
6.1
6.8
7.2
7.0
5.8
7.2
8.7
7.4
2.0
1.2
2.1
2.7
.9
.7
1.2
Businrss
Nonfarm
Farm
Statistical discrepancy
Residual1
Households and institutions.
Government
National income
Domestic income
Business
Nonfarm
Farm
Households and institutions.
G overnment
Rest of the world.
91.1
74.i
109.'
.0
118.7
82.1
122.8
.0
105.3
74.9
110.3
105.6
75.8
115.1
78.6
116.4
80.3
122.0
83.5
Net national product
Net domestic product
112.6
.0
.0
119.3
.0
184.2
123.1
82.1
172.7
111.0
74.9
176.0
114.4
75.8
181.8
118.0
78.6
38.6
33.3
35.4
37.0
121.4
.0
180.6
120.
123.7
Residual
Equals: National i n c o m e . . .
» Preliminary.
497.6
528.2 1,562.3
485.1
514.5 1,548.1
237.8 1, 261.5 1, 288.1
189. 8 1 215.8
42.3
37.0
36~2
5.
54.8
192.5
116.1
073.2
38.5
4.4
203.1
37.9
142.4 , 170. 9 ,207.1
094. 2 , 122. 2 ,163.6
43.1
36.3
42.6
5.1
7.2
49.
178.5
55.9
194.8
50.4
180.1
10.6
13.3
51.5
185.2
11.3
11.1
,207.6 ,349.4 ,233.4
,264.6
53.3
189.2
13.0
,304.7
57.0
196.0
58.6
201.4
12.4
13.7
14.2
,337.4
,362.5
,197.0 ,336.1 , 2 2 2 . 1 ,253.5
968.7
931. 9
36.9
49.
178.5
085.4
049.5
35.9
55.9
194.8
10.6
13.3
,325.0 ,348.
,291.7
991.5 1, 016. 8 1 049.2 1, 077. 7 ,095.
950.2 976.0 014.9 1, 037. 4 , 060. 5
41.3
40.8
34.3
40.2
35.2
50.4
51.5
53.3
54.
57.0
180.1 185.2 189. 2 192.5 196.0
11.3
11.1
12.4
13.0
.0
185.2
125.0
83.5
.0
189.2
128.7
86.0
Business
Nonfarm
Farm
Statistical discrepancy.
Residualx
Households and institutions.
Go vernment
Rest of the world
38.9
National i n c o m e .
21.9
20.0
20.2
21.1
24.4
35.1
22.8
32.6
23.3
32.2
23.4
33.1
6.6
6.8
1,249.7 1,375.
22.8
23.9
34.4
24.8
35.4
25.5
37.7
7.4
1,265.5 1,299.7 1,331.3 1,362.0 1,386.0 1,422.1
1,191.7 1,265.0 1,209.3 1,219.2 1,246.3 1,260.0 1,272.2 1,281.5
121.5
126.2
122.2
123.4
124.5
125.
126.5
118.2
123.1
118.5
120.1
122.0
122.8
123.4
1.8
3.0
1.8
1.9
2.8
1.6
3.8
966.8
973.7
950.0 1,012.
997.0 1,009.9 1,018.4
1,070.1 ,138.8
33.9
58.6
201.4
13.7
14.2
087.1
,095.8 1,121.8
, 134.3 ,145.7
,153.5
1,065.3 , 132.9 ,081.9
,090.7 1,115.9
, 128.7 1,139.7
,147.3
126.8
128.0
Equals: N e t national product.. 1,070.1 1,138.8 1,087.1 1,095.8 1,121. 8 1,134.3 1,145.7 1,153.5
1
,462.6
373.0 ,407.6 ,449.6
86.0
[Billions of 1972 dollars]
Less: Indirect business tax
and nontax liability
plus business transfer
payments less subsidies plus current surplus of government
enterprises
384.3 ,418.7
Billions of 1972 dollars
Domestic income
Business
Nonfarm
Farm
Households and institutions.
Government
Rest of the world.
Less: Capital
consumption
allowances with capital consumption adjustment
IVP
,344.4 ,499.3
1.9
Table 5.—Relation of Gross National Product, Net National Product
and National Income in Constant Dollars (1.10)
Gross national product
III
,355.0 1 ,512.7
1,207. 6 1,349.4 1,233.4 1,264. 6 1,304.7 1,337.4 1,362.5
Plus: Government
transfer
payments to persons. _ 168.9
Personal interest income. 110.7
74.6
Net interest
Interest paid by government to persons
32.8
and business
Less: Interest received
by
govern19.5
ment
Interest paid by consumers to business. _ 22.8
32.1
Dividends _
Business transfer pay6.3
ments
Equals: Personal income
Net national product.
Rest of the world
Equals: N e t national product.. 1,355.0 1,512.7 1,384. 3 1 418.7 1,462.6 1,497.6 ;, 528.2 1,562.3
Less: Indirect business tax
and nontax liability.-.
Business transfer payments.
Statistical discrepancy..
II
Table 6.—Net National Product and National Income by Sector in
Current and Constant Dollars (1.11, 1.12)
N e t domestic product
161.4
I
Billions of dollars
Table 4.—Relation of Gross National Product, Net National
Product, National Income, and Personal Income (1.9)
Less:
Capital consumption allowances with capital consumption adjustment
Capital consumption allowances without capital consumption adjustment
Less:Capital consumption
adjustment
IV
Seasonally adjusted at annual rates
Billions of dollars
Gross national product
III
1976
124.1
882.6
855.3
25.4
945. 9
916.6
26.3
898.
869. 6
1.
38.5
144.2
3.0
40.
146.3
1.8
38.5
144.
906.8
879. 5
25.
930.
902. 3
25.5
942.4
914. 7
26.0
951.6
921.8
26.1
~~27.~5
1.9
38.8
145.1
39.8
145.5
1 6
40.4
146.0
3.8
41.5
146.6
41.4
147.0
5.9
5.6
6.0
6.2
4.8
5.9
5.3
5.1
950.0
,012.7
966.8
973.7
997.0 ,009.9 1,018.4
945.2 ,006.
961.5
968.6
991.1 ,004.2 1,012.5
762.5
735.
26.8
38. 5
144.2
819.8
792.0
27.8
40.
146.3
778.3
749. 5
28.8
38.5
144.
784.
758.1
26.7
38.8
145.1
805.8
778. S
26.8
39.8
145.
4.8
5.9
5.3
5.1
5.9
958. 9
817.9
790.3
27.6
40.4
146.0
824.4
796. 9
27.6
41.
146.6
29.1
41.4
147.0
5.6
6.0
6.2
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry. The quarterly estimates
are obtained by interpolating the annual estimates with the statistical discrepancy deflated
by the implicit pries deflator for gross domestic business product.
NOTE.— Table 6: The industry classification within the business sector is on an establishment basis and is based on the 1967 Standard Industrial Classification.
SUEVEY OF CURRENT BUSINESS
January 1977
1976
1975
1975
1976 p
11
III
IV
I
II
1975
III
1975 1976 v III
IV p
Seasonally adjusted at annual rates
Wages and salaries
Government and government enterprises
Other
Supplements to wages and
salaries
Employer contributions
for social insurance
Other labor income
Proprietors' income with inventory valuation and capital consumption adjustments
Farm
Proprietors' income with
inventory valuation adjustment and without
capital consumption adjustment
Capital consumption adjustment
No nfarm
Proprietors' income without inventory valuation
and capital consumption adjustments
Inventory valuation adjustment
Capital consumption adjustment
Rental income of persons with
capital consumption adjustment
Rental income of persons...
Capital consumption adjustment
Corporate profits with inventory valuation and capital
consumption adjustments.
935.2
963.1
994.4 1,017.2 1,037. 5 1,064.5
806.7
890.4
811.7
836.4
861.5
881.1
897.8
921.0
175.8
630.8
177.3
634.4
182.2
654.1
185.4
676.1
188.7
692.4
191.7
706.1
197.0
724.0
122.1
190.7
699.7
138.0
123.5
126.7
132.!
136.2
139.6
143.5
59.7
62.5
67.9
70.1
60.2
63.3
61.6
65.2
65.9
67.1
67.1
69.0
100.3
96.1
97.1
27.5
21.7
20.3
96.7
95.5
97.2
93.2
22.8
29.2
28.3
21.
70.2
73.3
28.6
27.0
33.1
32.3
31.7
25.9
-3.8
65.3
-4.2
73.8
-3.9
66.3
-4.1
69.0
-4.2
71.4
-4.2
72.8
-4.2
74.4
65.2
74.1
66.1
69.2
71.1
73.2
74.6
-1.1
-1.2
-1.1
-1.2
-.7
-1.3
-1.2
1.2
1.0
.9
.9
.9
1.3
24.5
-4.2
76.8
-1.7
22.4
23.5
22.4
22.9
23.3
23.1
23.4
24.3
37.0
40.5
37.3
38.4
39.6
39.6
40.6
42.1
-14.6 -17.0 -14.9 -15.5 -16.3 -16.5 -17.2 - 1 7 . 8
91.6
118.7
105.3
105.6
115.1
74.6
82.1
74.9
75.8
78.6
116.4
122.0
131.8
146.2
63.5
82.7
34.4
48.3
137.6
150.2
65.1
85.1
35.4
49.7
42.4
10.3
63.9
18.8
50.4
17.9
48.4
16.2
53.7
20.6
-14.4 -12.6 - 2 0 . 0
52.9
18.5
1975
1975
1976*
III
83.5
86.0
1971
IV
III
IV*
Table 8.—Gross Domestic Product of Corporate Business (1.15, 7.8)
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
911.0 1025.3 932.1 957.5 991.0 1014.8 1036.8
100.9 112.8 103.1 106.4 108.8 111.6 113.! 116.9
810.0 912.5
851.2
Gross d o m e s t i c product of n o n financial corporate b u s i n e s s . -.
Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
Compensation of employees
Wages and salaries
Supplements to wages and salaries
Corporate profits with inventory
valuation and capital consumption adjustments
Profits before tax
Profits tax liability
Profits aftertax
Dividends
Undistributed profits
Inventory valuation adjustment.
Capital consumption adjustment
795.5 813.5
100.3 103.2
107.4
111.3 98.8
141.4 120.4 125.0 133.4
61.4
64.7 54.8 57.
76.7 65.6 67.8 72.0
32.8 30.2 29.9 28.9
43.9 35.4 37.9 43.1
-11.5
-14.6 - 9 . 0
-12.3
-12.6
-14.
-15.5
-13.5
11.1 12.2 11.0
11.7
109.6 114.8
139.4 143.0
63.5 65.1
75.9 77.9
32.7 33.8 35.7
43.2 44.2
-14.4
-2O.~6
-12.6
-16.4
-15.4 - 1 5 .
12.7
12.0 12.
40.6
42.7
90.9
40.0
41.5
42.0
42.0
43.0
870.4 982.6 892.0 916.1 949.0 972.8 993.8
96.6 107.' 98.7 101.9 104.2 106.8 108.9
885.0
773.8 874.8 793.3 814.2 844.8
93.4
680.4
577.1
494.6
100.5 95.6 97.5 97.4 99.7 101.2 103.8
774.2 697.7 716.7 747.4 766.4 783.7
641.5 580.3 598.5 620.3 635.4 646.' 663.2
548.1 497.2 513.0 530.5 543.2 552.6 566.1
83.2
82.5
85.5
89.9
92.2
94.3
72.5 97.0 86.6 86.1 93.2 95.7 100.3
95.5 127.2 108.3 112.0 119.4 125.6 128.6
39.7 54.4 45.8 47.6 51.1 53.4 54.7
55.8 72.7 62.5 64.4 68.3 72.2 73.9
29.0 32.0 29.1 28.6 28.2 31.9 32.9
26.7 40.8 33.4 35.9 40.1 40.3 41.0
-11.4 -14.6 - 9 . 0 -12.3 -11.5 -14.4 -12.6
97.1
34.8
-11.6 -15.6 -12.7 -13.6 -14.7 -15. 5 -15.7 -16.4
30.8
35.8
30.8
32.0
33.9
35.2
36.5
37.6
Billions of 1972 dollars
Gross d o m e s t i c product of n o n financial corporate b u s i n e s s . . . 676.8 726.8 688.9 696.1 713.9 725.7 731.5
Capital consumption allowances with
capital consumption adjustment
Net domestic product
Indirect business taxes and nontax
liability plus business transfer
payments less subsidies
Domestic income
72.6 75.8 73.0 73.8 74.6 75.4 76.2
604.2 651.0 616.0 622.3 639.3 650.3 655.3
77.1
78.5 82.1 78.9 79.8 81.3 82.0 82.2
525.7 569.0 537.0 542.5 558.0 568.3 573.1
82.7
Dollars
Billions of dollars
Capital consumption allowances with
capital consumption adjustment
IV p
95.5
99.3
56.9
21.5
Seasonally adjusted at annual rates
Gross domestic product of corporate business
III
680.3 616.0 635.0 657. 9 673.9 686. 703.3
581.1 527.5 544.1 562.4 575.9 586.0 600.1
37.7
Addenda:
Corporate profits with inventory valuation and capital
consumption adjustments:
Profits after tax
Undistributed profits
Net interest.
Net interest
- 1 5 . 4 -15.7 - 1 6 . 4
80.3
709.2 803.9 725.8 746.0
612.7
Compensation of employees
524.9
Wages and salaries
Supplements to wages and sala87.8
ries
Corporate profits with inventory
valuation and capital consumption adjustments
85.4
Profits before tax
108.4
Profits tax liability
Profits after tax
59.1
Dividends
29.8
Undistributed profits
29.3
Inventory valuation adjustment
Capital consumption adjustment
-11.5
Gross d o m e s t i c product of financial corporate b u s i n e s s l
Corporate profits with inventory valuation adjustment and without
capital consumption adjustment
103.1 134.2 117.9 119.1 129.6
Profits before tax
114.5 148.
126.9 131.3 141.1
49.2
Profits tax liability
64.7
54.8
57.2
61.4
65.3
Profits after tax
84.0
72.1
74.1
79.7
32.1
Dividends
35.1
32.6
32.2
33.1
Undistributed profits. 33.2 48.9 39.5 41.9 46.6
Inventory valuation adjustment
-11.4 -14.6 - 9 . 0 -12.3 -11.5
Capital consumption adjustment
-11.5 -15.5 -12.6 -13.5 -14.5
N e t interest
Net domestic product—Continued.
Domestic income
928.8 1,028.4
90.2
II
Table 8.—Gross Domestic Product of Corporate Business—Con.
1,207.6 1,349.4 1,233.4 , 2 6 4 . 6 1,304.7 1,337.4 1,362.5
24.9
I
Billions of dollars
Table 7.—National Income by Type of Income (1*13)
National i n c o m e
IV
Seasonally adjusted at annual rates
Billions of dollars
Compensation of e m p l o y e e s . . .
1976
903.2 922.9
100.! 108.6 103.1 105.2 105.2 107.7 109.4 112.3
Current-dollar cost a n d profit
per unit of constant-dollar
gross d o m e s t i c p r o d u c t 2
1.286 1.352 1.295 1.316 1.329 1.341 1.359
Capital consumption allowances with
.143 .148
capital consumption adjustment
1.143 1.204
Net domestic product
Indirect business tax and nontax
liability plus business transfer
.138 .138
payments less subsidies
1.005 1.0%
Domestic income
.853 .883
Compensation of employees
Corporate profits with inventory
valuation and capital con.107 .133
sumption adj ustments
.059 .075
Profits tax liability
Profits after tax with inventory
valuation and capital con.048 .059
sumption adjustments
Net interest
.045 .049
.143 .146 .146 .147 .149
1.151 1.170 1.183 1.193 1.210
.139 .140 .136 .137 .138
1.013 1.030 1.047 1.056 1.071
.842 .860 .869 .876 .884
.126
.066
.124
.131
.072
.132
.074
.137
.075
.059
.055
.059
.058
.062
.045
.046
.047
.049
.050
1. Consists of the following industries: Banking; credit agencies other than banks; security
and commodity brokers, dealers, and services; insurance carriers; regulated investment
companies; small business investment companies; and real estate investment trusts.
2. Equals the deflator for gross domestic product of nonfinancial corporate business with
the decimal point shifted two places to the left.
SUEVEY OF CURRENT BUSINESS
12
1976*
III
1975
1976
1975
1975
January 1977
IV
I
II
III
1975
IVP
1976*
III
IV
Seasonally adjusted at annual rates
62.8
52.0
51.0
61.2
64.3
61.0
64.4
47.2
61.6
50.0
51.8
59.7
61.9
62.2
62.8
54.8
39.1
15.7
42.8
31.5
11.3
45.1
32.6
12.4
52.6
39.4
13.2
54.9
39.7
15.3
55.2
38.8
16.4
56 3
38.4
17.9
8.8
16.1
8.9
14.8
8.1
14.0
9.4
15.4
8.9
16.0
9.1
16.6
8.0
16.7
-7.3
-2.5
6.4
8.9
-5.8
-2.3
5.8
8.1
-5.9
-1.9
6.2
8.2
-6.0
-2.8
6.1
8.9
-7.0
-2.5
6.5
9.0
-7.5
-2.6
6.5
9.1
»7
.5
.5
.5
.6
.5
.6
.5
-1.3
-1.5
.2
1.1
1.1
.0
2.0
1.7
.3
-.8
-1.1
.3
1.5
1.3
.2
2.4
2.4
.0
-1.1
-.9
-.2
Addenda.
Domestic output of new
autos i
Sales of2 imported new
autos
37.4
50.8
43.5
41.3
50.7
51.9
48.8
51.7
10.3
11.4
10.9
10.0
10.0
11.5
12.4
H.fi
Personal consumption expenditures
New autos
Net purchases of used
autos
Producers' durable equipment
New autos
Net purchases of used
autos
Net exports
Exports
Imports
Government purchases of
goods and services
Change in business inventories
of new and used autos
New.
. _
Used
Addenda:
Domestic
output of new
autos 1
Sales of
imported new
autos 2
39.7
50.2
45.0
42.6
50.4
51.8
48.7
50.1
40.8
49.5
43.2
43.4
49.5
50.1
49.7
48.8
33.4
25. 9
41.6
32.0
35.3
27.4
36.1
27.6
41.7
32.7
42.1
32.8
41.6
31.7
41.2
30.7
7.5
9.7
8.0
8.5
9.0
9.3
9.8
10.5
7.5
11.3
8.4
13.2
8.5
12.8
7.5
11.8
8.4
12.7
8.5
13.2
8.7
13.6
7.8
13.3
-3.8
-.6
4.7
5.3
-4.8
-.9
5.3
6.2
-4.3
-1.1
4.9
6.0
-4.3
-.6
5.2
5.8
-4.3
-1.1
5.1
6.2
-4.7
-.9
5.4
6.4
-4.8
-1.1
5.3
6.3
-5.5
-.7
5.2
5.9
.5
.5
.5
.4
.5
.5
.5
.4
Proprietors' income with inventory valuation and
capital consumption adj ustments
32.5
8.9
.7
.7
.0
41.6
9.3
1.8
1.6
.2
37.7
9.5
-.8
-1.1
2
35.0
8.5
.9
.7
2
IVP
1.7
1.7
.0
-.9
-.8
-.1
42.2
42.9
39.9
8.3
9.5
10.1
1.3
1.3
-.1
41.3
9.3
1,299. 7 1, 331.3 1,362.0 1, 386. 0 1, 422.1
806.7
890.4
811.7
836.4
861.5
881.1
897.8
921.0
275.3
211.
195.6
159.9
304.8
237.0
214.9
180.0
276.2
212.5
196.8
161.3
285.8
220.3
202.3
166.1
295.3
229.6
208.3
172.4
302.9
235.
212.8
176.7
307.0
238.9
216.5
182.7
314.0
243.8
221.8
188.3
175.8
190.
177.3
182.2
185.4
188.7
191.7
197.0
63.3
65.2
67.1
69.0
71.1
73.3
100.3
96.1
97.1
27.5
72.8
21.7
74.4
20.3
76.8
70.1
90.2
96.7
95.5
97.2
93.2
24.9
65.3
22.1
73.1
29.2
66.3
28.3
69.0
21.9
71.4
23.5
22.4
22.9
23.3
23.1
23.4
24.3
Dividends
Personal interest income
32.1
110.7
35.1
123.1
32.6
111.0
32.2
114.4
33.1
118.0
34.4
120.7
35.4
125.0
37.7
128.7
Transfer payments
175.2
191.3
179.1
182.5
188.6
187.6
192.4
196.6
81.4
'3.0
84.7
86.3
88.1
19.5
95.:
98.4
17.3
14.5
15.6
15.0
18.4
14.2
17.7
15.0
17.7
16.0
15.3
14.7
14.7
14.4
14.7
14.9
22.1
22.4
Old-age, survivors, disability, and health insurance benefits
Government
unemployment insurance benefits...
Veterans benefits
Government employee retirement benefits
Aid to families with dependent children
Other
,
25.0
22.4
23.3
23.8
24.9
25.5
25.9
9.2
30.8
9.7
30.5
9.8
9.7
32.9
9.4
30.0
33.4
9.9
32.2
10.0
32.6
Less: Personal contributions
for social insurance. -.
50.0
54.9
50.1
51.0
53.4
54.3
55.2
56.6
Less: Personal tax and nontax
payments
168.8
193.6
174.0
179.8
183.8
189.5
195.8
205.3
Equals: Disposable
income
personal
Less: Personal outla ys
-1.1
-1.2
.1
1,249.7 1,375.4 1,265.
62.5
Rental income of persons with
capital consumption adjustment
p Preliminary.
1. Consists of final sales and change in business inventories of new autos produced in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and
government purchases
3. Consists of agriculture, forestry, and fisheries; mining; contract construction; and manufacturing.
4. Consists of transportation; communication; electric, gas, and sanitary services, and
trade.
5. Consists of finance, insurance, and real estate; services; and rest of the world.
NOTE.—Table 10. The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is based on the 1967 Standard Industrial
Classification.
Commodity-producing
industries 3
M anufacturing
Distributive industries
*
Service industries 5
Government a n d government enterprises
Farm
Nonfarm.
Billions of 1972 dollars
Auto output.
Wage and salary disbursements
Other labor income..
Change in business inventories
of new and used autos
New
Used
Final sales
III
Table 10.—Personal Income and Its Disposition (2.1)
Personal i ncome
45.8
Personal consumption expenditures
40.3
New autos
29.7
Net purchaes of used a utos. 10.5
Producers' durable eq uipment
8.0
13.0
New autos Net purchases of used
-5.0
autos
-1.6
Net exports
5.5
Exports
7. 1
Imports
Government purchases of
goods and services
.5
II
Billions of dollars
Table 9.—Auto Output in Current and Constant Dollars (1.16, 1.17)
Final sales
I
Seasonally adjusted at annual rates
Billions of dollars
Aut o output..
1976
Personal consumption expenditures
Interest paid b y consumers
to business
Personal transfer payments
to foreigners (net)
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of 1972 dollars.
1,080.9 1,181.
,091. 5 1,119. 9 1, 147.6 1,172.5 11,190.2 1,216.9
996. 9 1, 104.
,011.1 1,036.2 1 , 068.0 1,089.6 1,114.3 1,144.0
973. 2 1., 078.6
r
.3 1,012. 0 1, 043. 6 1,064. 7 1,088. 5 1,117.5
22.8
24.4
22.8
23.3
23.4
23.9
24.8
.9
1.1
.9
.9
1.0
1.0
1.1
1.1
84.0
77.8
80.5
83.7
79.5
82.9
75.8
72.9
880.4
890.5
892.0
900.2
25.5
855.5
890.7
857.1
Per capita:
Current dollars..
1972 dollars
5,062
4,007
5,494
4,141
5,105
4,009
5,227
4,049
5,347
4,103
5,455
4,143
5,526
4,142
5,639
4,171
Population
millions)
213.5
215.1
213.8
214.2
214.6
214.'
215.4
215.8
7.8
6.6
7.4
7.5
6.9
(mid-period,
Personal saving as percentage
of disposable personal income
7.1
6.0
SURVEY OF CURRENT BUSINESS
January 1977
1975
1975
1976 v
III
13
1976
I
IV
II
1975
III
IV P
1975
1976 P
III
1976
I
IV
Seasonally adjusted at annual rates
II
IV v
III
Seasonally adjusted at annual rates
Billions of 1972 dollars
Billions of current dollars
Table 11.—Personal Consumption Expenditures by Major Type of Product in Current and Constant Dollars (2.3, 2.4)
973.2 1,078.6
987.3 1,012.0 1,043.6 1,064.7 1,088.5 1,117.5
770.3
812.9
775.3
783.9
800.7
808.6
815.7
826.6
Durable goods
_
Motor vehicles and parts
Furniture and household equipment..
Other. _
131.7
53.2
57.6
21.0
156.3
70.6
62.9
22.8
136.0
56.3
58.2
21.5
141.8
59.2
60.6
22.0
151.4
68.0
61.2
22.2
155.0
70.4
62.3
22.3
157.6
71.7
62.9
23.0
161.2
72.4
65.1
23.7
111.9
44.7
49.5
17.8
125.7
54.9
52.0
18.8
115.1
47.2
49.9
18.1
118.0
48.2
51.3
18.5
124.3
54.8
51.0
18.5
125.2
55.2
51.6
18.4
126.2
55.4
52.0
18.9
127.0
54.2
53.5
19.3
Nondurable goods
Food
Clothing and shoes.
Gasoline and oil
Fuel oil and coal
Other
409.1
209.5
70.0
38.9
10.1
80.6
440.3
224.5
75.3
41.4
11.8
87.3
414.6
211.8
71.3
39.2
10.8
81.6
421.6
215.2
73.0
39.9
10.2
83.3
429.1
219.2
73.5
40.1
11.2
85.0
434.8
223.1
73.2
40.3
11.0
87.2
441.8
225.2
75.9
41.6
11.9
87.2
455.5
230.4
78.5
43.6
13.2
89.7
306.1
150.5
61.3
24.8
319.1
158.3
63.8
25.2
309.5
151.9
63.4
24.0
317.6
157.7
62.6
25.4
318.9
158.6
63.8
25.1
5.3
4.9
314.6
155.3
63.3
25.0
5.1
5.6
306.8
150.4
62.1
24.0
64.4
66.2
64.9
65.5
65.5
66.5
66.0
325.5
161.5
65.6
25.5
6.0
66.9
Services
Housing
Household operation.
Electricity and gas.
Other
Transportation
Other
432.4
150.2
63.9
28.9
35.0
34.0
184.2
482.0
165.8
71.6
32.1
39.5
37.5
207.2
436.7
151.8
65.0
29.5
35.5
34.1
185.8
448.6
155.8
65.9
29.6
36.3
35.0
191.9
463.2
159.7
68.4
31.0
37.4
36.5
198.6
474.9
163.9
69.6
30.6
39.0
37.0
204.3
489.1
167.8
72.8
32.6
40.3
37.8
210.7
500.8
171.7
75.4
34.1
41.3
38.6
215.1
352.4
128.6
50.1
20.6
29.5
28.8
145.0
368.1
134.4
52.1
20.9
31.2
29.6
152.0
353.4
129.3
50.4
20.7
29.7
28.7
145.0
356.4
130.7
50.1
20.2
29.9
28.9
146.8
361.8
132.1
51.1
21.0
30.0
29.5
149.0
365.8
133.8
51.4
20.3
31.1
29.5
151.1
370.6
135.2
52.5
20.8
31.6
29.6
153.4
374.2
136.4
53.5
21.4
32.1
29.7
154.5
1975
1975 1976 p
III
1976
IV
I
II
III
1975 1976 v III
IV p
Corporate profits tax accruals
42.6
55.9
47.4
49.4
53.1
54.8
56.2
Indirect business tax and nontax
accruals
Excise taxes
Customs duties l
Nontaxes
23.9
16.4
5.8
1.7
23.5
17.0
4.7
1.8
25.2
16.6
6.9
1.7
25.5
16.6
7.2
1.7
22.8
16.7
4.4
1.7
23.3
16.8
4.8
1.7
23.8
17.1
4.9
1.8
94.3 105.8
94.7
96.6 102.9 104.6 106.6 109.3
Expenditures
Purchases of goods and services
National defense
Compensation of employees
Military
Civilian
Other
Nondefense
Compensation of employees.
Other
Grants-in-aid to
governments
24.1
17.5
4.8
1.8
and
Subsidies less current surplus of
Government enterprises
Subsidies
Less: Current surplus of Government enterprises
Less:Wage accruals less disbursements.
Personal tax and nontax receipts
Income taxes
Nontaxes
Other
Indirect business tax and nontax
accruals
Sales taxes
Property taxes
Other
234.3 260.5 239.7 245.0 251.6 254.3 262.0
43.1
22.8
14.1
6.1
48.3
26.7
15.1
6.5
43.5
23.1
14.2
6.2
44.7
24.0
14.4
6.3
46.1
25.1
14.7
6.3
47.6
26.2
15.0
6.4
48.6
26.9
15.2
6.5
6.7
8.8
7.5
7.7
8.3
8.7
8.9
50.8
28.7
15.5
6.6
114.7 126.2 116.3 118.7 122.0 124.9 127.2 130.7
51.6 57.6 52.5 53.8 55.8 57.1 57.8 59.6
52.3 57.2 52.8 53.9 55.1 56.4 57.9 59.5
11.3 11.5 11.7
10.8 11.4 11.0 11.0
Contributions for social insurance
15.4
17.0
15.7
16.0
16.4
16.8
17.2
17.5
124.4 133.4 124.6 130.4 129.2 131.2 134.5 138.9
84.3 88.2 84.6 87.1 86.2 86.9 88.5 91.3
40.0 42.2 39.7 41.3 41.6 41.7 42.0 43.6
23.8 24.5 23.5 24.4 24.3 24.3 24.3 25.3
16.2 17.7 16.2 16.9 17.3 17.5 17.7 18.4
44.3 46.0 44.9 45.8 44.6 45.2 46.5 47.6
54.4
60.2
56.8
58.0
58.8
56.3
60.1
65.5
45.2
21.1
24.1
40.0
19.3
20.7
43.2
20.2
23.1
42.
20.6
22.3
44.2
20.8
23.4
46.0
21.1
24.8
47.6
22.0
25.6
54.4
60.2
56.8
58.0
58.8
56.3
60.1
65.5
23.5
27.2
22.7
4.5
27.5
32.4
28.1
4.3
23.6
27.6
23.1
4.5
25.
29.
25.2
4.4
26.6
31.1
26.7
4.4
27.4
32.3
27.9
4.4
27.7
32.7
28.3
4.4
28.4
33.5
29.3
4.2
3.7
4.9
4.0
4.0
4.5
4.9
5.0
5.1
6.5
4.5
5.6
5.0
6.7
4.5
7.1
5.4
5.0
5.2
4.8
5.6
6.3
5.4
-2.0
-2.1
.0
.0
4.9
4.9
-.3
-2.2
.0
-.7
.0
.0
.0
Expenditures
Purchases of goods and services
Compensation of employees
Other
Transfer payments to persons
Net interest paid
Interest paid
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 funds
227.5 246.6 231.8 237.2 239.5 245.0 249.3 252.4
214.5 232.3 218.6 223.4 225.5 230.9 235.0 238.0
119.2 131.4 121.1 123.7 127.0 130.0 132.8 135.8
98.5 100.9 102.2
95.3 100.9 97.5
23.1 25.2 23.5 24.2 24.6 25.0 25.4 25.9
-5.7 -6.6 -5.8 -6.0 -6.2 -6.4 -6.6 -7.0
10.1 10.5 10.2 10.2 10.3 10.4 10.6 10.7
15.8 17.1 16.0 16.2 16.6 16.8 17.2 17.7
-4.5
.2
4.7
.0
6.9
12.0
-5.1
.2
4.6
.0
13.9
13.1
-4.5
.2
4.7
-4.4
.2
.2
4.6
4.6
.0
.0
7.9
7.9
12.3 12.5
-4.4 -4.6
12.2
.0
.0
-12.6 -12.9 - 1 6 . 0 -16.7 -13.7 -10.4 - 1 3 J -13.8
- 5 8 . ' -45.5 - 5 0 . 0 -52.7 - 5 0 . 1 -43.7 -43.8
.0
9.2
12.7 13.0
- . 6 -3.8
-.9
Surplus or deficit ( - ) , national
income and product accounts... -71.2 - 5 8 . 3 - 6 6 . 0 -69.4 -63.8 - 5 4 . 1 -57.4
Social insurance funds..
Other funds
Receipts
Federal grants-in-aid
local
Net interest paid
Interest paid
To persons and business
To foreigners
Less: Interest received by Government
IV
357.8 388.9 363.7 376.0 380.3 378.7 391.1 405.6
148.9 162.2 152.1 154.9 160.3 158.7 163.1 166.5
145.8 159.0 149.2 151.8 157.2 155.6 159.8 163.3
3.1
3.2
2.9
3.2
3.1
3.2
3.1
3.4
State
III
Table 13.—State and Local Government Receipts and Expenditures (3.4)
Corporate profits tax accruals
40.1
19.3
Transfer payments
To persons
To foreigners
II
IV
286.5 330.6 297.7 306.7 316.5 324.6
125.7 145.3 130.5 135.1 137.7 141.9 147.2 154.5
120.7 139.8 125.5 130.0 132.5 136.6 141.5 148.6
4.9
5.4
5.0
5.2
5.0
5.1
5.6
5.7
.1
.1
.1
.1
.1
.1
.1
.1
Contributions for social insurance
1976
Billions of dollars
Table 12.—Federal Government Receipts and Expenditures (3.2)
•
5.5
Seasonally adjusted at annual rates
Billions of dollars
Receipts
5.3
1975
Seasonally adjusted at annual rates
Personal tax and nontax receipts
Income taxes
Estate and gift taxes
Nontax es
5.5
v Preliminary
1. Includes fees for licenses to import petroleum and petroleum products.
.2
4.6
4.7
.0
.0
12.7
13.2
-.6
13.5
SUKVEY OF CURRENT BUSINESS
14
1975
1975
1976*
III
January 1977
1975
1976
IV
I
II
III
1975
IVP
1976 v
Seasonally adjusted at annual rates
III
IV
Receipts from foreigners- 148.1
161 9
148.2
Exports of goods and services. 148 1
107 1
Merchandise
40 9
Other
Capital grants received by the
0
United States (net)
161 .9
114 .1
47 .8
148.2
106.4
41.8
0
0
0
0
0
0
Payments to foreigners. - 148. 1
161 .9
148.2
153.7
154.1
160.3
167.7
165.6
Imports of goods and services _ 127.6
Merchandise
. . 98.2
Other
29.4
155 .1
122 .3
32 .8
126.8
98.0
28.7
132.7
101.8
30.9
145.7
113.8
31.9
151 .0
118 .5
32 .5
163.0
129.8
33.2
160.4
127.0
33.4
153.7
154.1
160.3
167.7
165.6
153.7
110.6
43.1
154.1
107.8
46.3
160 3
113 9
46 4
167.7
118.8
48.9
165.6
116.1
Transfer payments (net)
From persons (net)
From government (net)
4 .0
.9
3 .1
4 2
1
3 .2
3.8
.9
2.9
4.0
.9
3.2
4.1
1.0
3.1
4 .1
1 .0
3 .1
4.4
1.1
3.4
4.3
1.1
3.2
Interest paid by government
to foreigners
4 .5
4 .3
4.5
4.4
4.4
4 .4
4.4
4.2
11 9
- 1 .7
13.1
12.6
-.2
.8
-4.1
-3.2
Government surplus or deficit
(—), nationa 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..
191.2
231.9
204.6
208.0
222.1
234.2
234.2
255.6
84.0
276.4
77.8
262.7
80.5
269.4
83.7
273.8
79.5
279.1
278.9
75.8
IVP
82.9
Inventories*
426.8
426.8
434.9
445.4
452.9
66.3
63.3
64.2
65.4
62.3
61.1
360.5
202.0
158.5
363.5
263.4
160.1
370.7
205.5
165.1
380.0
209.1
171.0
390.6
216.1
174.5
401.0
223.6
177.4
186.4
120.2
66.2
188.5
120.8
67.7
190.6
121.3
69.3
194.7
123.5
71.2
199.7
126.8
72.9
206.3
132.0
74.3
Wholesale trade
Durable goods
Nondurable goods
65.0
39.3
25.7
64.7
39.7
25.0
66.6
40.8
25.8
69.0
42.1
27.0
70.4
43.1
27.3
72.5
44.2
28.3
Ketail trade
Durable goods
Nondurable goods.
75.0
33.5
41.5
74.7
33.5
41.2
77.2
34.0
43.2
79.4
34.1
45.3
82.2
36.4
82.6
37.2
45.4
Other.
34.1
35.6
36.3
36.9
Farm.
Nonfarm
Durable goods
Nondurable goods..
Manufacturing
Durable goods
Nondurable goods..
Final sales 2 .
1,308.8 1,344.7 1,365.9 1,399.5
.326
.275
.317
.270
.318
.271
.318
.272
45.8
38.3
1,428.0
462.1
39.5
1,466.3
.317
.274
.315
.273
299.4
Billions of 1972 dollars
72.9
Inventories 1 .
Farm.
Nonfarm
Durable goods
Nondurable goods
291.7
290.3
292.9
295.7
298.2
42.2
42.6
43.0
42.7
42.7
42.5
249.4
144.3
105.2
247.7
142.4
105.3
249.9
141.8
108.1
252.9
142.8
110.1
255.5
143.9
111.6
256.9
145.3
111.6
10.3
33.2
18.8
48.9
17.9
39.5
16.2
41.9
-11.4
-14.6
-9.0
-12.3
-11.5 - 1 4 . 4 - 1 2 . 6
-20.0
-11.5
-15.5 - 1 2 . 6
-13.5
-14.5 - 1 5 . 4 - 1 5 . 7
-16.4
Manufacturing
Durable goods
Nondurable goods..
125.0
83.6
41.5
124.1
82.1
41.9
124.1
81.4
42.7
125.4
81.9
43.5
126.4
82.0
44.4
127.5
82.8
44.6
100.9
112.8
103.1
106.4
108.8
111.6
113.9
116.9
Wholesale trade
Durable goods
Nondurable goods.
45.5
28.8
16.8
44.9
28.6
16.3
45.7
28.9
16.8
46.8
29.6
17.3
47.4
29.7
17.7
47.8
29.8
18.0
60.4
67.0
61.3
63.2
64.8
66.1
67.7
Retail trade
Durable goods
Nondurable goods _
56.2
25.5
30.7
55.6
25.2
30.4
56.8
25.0
31.8
57.2
24.8
32.4
58.2
25.8
32.4
57.9
26.1
31.8
0
0
0
0
0
0
0
Other
22.6
23.1
23.3
23.5
23.5
23.7
20.6
46.6
18.5
48.3
21.5
49.7
2
1,021.8 1,035.7 1,044.7 1,056.9 1,068.0 1,082.2
Final sales -64.4 - 4 4 . 5 - 5 8 . 1 - 6 1 . 5 - 5 1 . 6 - 4 4 . 9 -44.7
-71.2 -58.3 -66.0 -69.4 -63.8 - 5 4 . 1 - 5 7 . 4
12.2
9.2
7.9
12.7
6.9
7.9
13.9
Ratio of inventories to
final sales
Nonfarm 3
0
0
0
0
0
0
0
0
195.6
239.5
209.8
214.0
223.4
240.0
242.9
245.8
183.7
11.9
241.2
-1.7
196.7
13.1
201.4
12.6
229.6
247.0
-4.1
249.0
-3.2
4.4
7.6
5.1
6.1
7.2
239.2
.8
5.8
o
8.7
p Preliminary.
1. Inventories are as of the end of the quarter. T h e quarter-to-quarter change in inventories
calculated from current-dollar inventories shown in this table is not the current-dollar change
in business inventories (CBI) component of G N P . T h e former is the difference between two
inventory stocks, each valued at end-of-quarter prices. The latter is the change in the physical
volume of inventories valued at average prices of the quarter. I n addition, changes calculated
from this table are at quarterly rates, whereas CBI is stated at annual rates.
2. Quarterly totals at annual rates.
3. Equals ratio of nonfarm inventories to final sales of business. These sales include a small
amount of final sales b y farms.
NOTE.—Table 16: Inventories are classified as durable or nondurable as follows: For manufacturing, b y the type of product produced b y the establishment holding the inventory; for
trade, b y the type of product sold b y the establishment holding the inventory; for construction, durable; and for other nonfarm industries, nondurable. The industry classification is
based on the 1967 Standard Industrial Classification.
Table 17: The industry classification of employees, proprietors' income, and rental income is
on an establishment basis; the industry classification of corporate profits and net interest is on
company basis. T h e industry classification of these items is based on the 1967 Standard
Industrial Classification.
III
Table 16.—Inventories and Final Sales of Business in Current and
Constant Dollars (5.9, 5.10)
Ratio of inventory
final sales
Nonfarm 3
Table 15.—Gross Saving and Investment (5.1)
Gross private saving
Personal saving
Undistributed
corporate
profits with inventory
valuation and capital
consumption adjustments
Undistributed profits
Inventory valuation adjustment
Capital
consumption
adjustment
Corporate capital consumption allowances with capital consumption adjustment
Noncorporate capital consumption allowances with
capital consumption adjustment
Wage accruals less disbursements
II
Billions of dollars
Table 14.—Foreign Transactions in the National Income and
Product Accounts (4.1)
Gross saving.
I
Seasonally adjusted at annual rates
Billions of dollars
Net foreign investment..
1976
.285
.244
.270
.239
.280
.239
.280
.239
.279
.239
.277
.237
Table 17.—National Income Without Capital Consumption Adjustment by Industry (6.4)
National income without
capital consumption adjustment
1,236.2 1,385.1 1,263.5 ,296.7 1,338.7 1,372.5 1,338.6
Domestic income
Agriculture, forestry, and
fisheries
Mining and contract construction
Manufacturing
Nondurable goods
Durable goods
Transportation
Communication
Electric, gas, and sanitary
services
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real
estate
Services
Government and government enterprises
Rest of the world
225.6 1,371.8 1,252.2 1,285.6 1,325.8 1,360.1 1,384.9
43.5
44.4
44.4
49.0
48.7
42.5
48.6
79.2
85.4
78.5
82.0
82.6
83.8
85.3
309.9
126.7
183.2
361.9
148.2
213.7
321.6
131.3
190.3
329.2
137.1
192.1
347.3
147.4
199.9
360.0
146.8
213.2
365.3
147.0
218.3
44.8
26.4
51.2
30.0
45.6
27.1
48.0
27.2
49.2
28.5
51.0
29.4
51.9
30.3
22.9
24.5
23.2
23.9
23.3
23.8
24.6
195.6
80.0
115.6
218.6
88.8
129.8
200.9
82.6
118.3
205.6
83.9
121.7
215.2
89.3
125.9
216.5
89.8
126.7
222.4
92.3
130.1
137.6
165.1
151.3
186.7
137.8
166.8
141.9
171.9
146.9
178.3
148.6
183.0
152.7
189.6
199.7
217.9
201.8
207.2
211.7
215.4
219.3
10.6
13.3
11.3
11.1
13.0
12.4
13.7
14.2
SURVEY OF CURRENT BUSINESS
January 1977
1975
1975
1976 v
III
15
1976
IV
I
II
1975
III
IV v
1975
1976 v
III
Seasonally adjusted at annual rates
Rest of the world
Corporate profits with
inventory
valuation
adjustment and without capital consumption adjustment
Domestic industries
l
Financial
Federal Reserve banks
Other
Nonfinancial
Manufacturing
Nondurable goods
Food and kindred
products
Chemicals and allied
products
Petroleum and coal
products
Other
Durable goods
Primary metal industries
Fabricated
metal
products
Machinery,
except
electrical
Electrical equipment
and supplies
Motor vehicles and
equipment
Other
Wholesale and retail trade.
Transportation,
communication, and electric, gas, and sanitary
services
Other
Rest of the world
118.7
105.3
105.6
115.1
116.4
122.0
85.4
12.9
72.5
111.3
14.4
97.0
98.8
12.2
86.6
99.2
13.1
86.1
107.4
14.2
93.2
109.6
13.9
95.7
114.8
14.5
100.3
6.2
7.3
6.5
6.4
7.7
6.8
7.2
103.1
134.2
117.9
119.1
129.6
131.8
137.6
97.0
12.9
5.7
7.2
126.8
14.3
6.0
8.3
111.4
12.1
5.4
6.7
112.7
12.9
5.8
7.1
121.9
14.0
6.1
7.9
125.0
13.8
5.9
7.9
130.5
14.4
5.9
8.5
84.1
46.4
29.2
112.5
66.3
37.5
99.3
57.0
32.6
99.8
55.3
34.3
107.9
61.2
37.5
111.2
66.4
35.6
116.0
67.2
37.6
6.3
6.0
7.3
6.1
8.0
6.8
7.3
8.3
8.2
8.5
9.2
10.4
10.4
10.6
11.2
10.4
10.8
10.1
10.9
24.3
21.1
30.7
29.6
2.7
2.7
4.5
3.5
9.3
8.4
17.2
28.9
3.6
3.1
4.6
1.2
3.8
20.9
4.1
3.5
5.8
5.2
1.7
1.4
3.9
6.1
2.8
5.4
24.4
7.9
9.0
7.3
25.0
10.8
23.7
3.3
3.6
5.9
1.8
4.6
4.5
29.0
4.3
4.1
5.9
6.5
2.5
2.6
6.1
7.4
5.5
7.3
26.6
28.8
9.5
8.4
9.7
9.7
8.6
9.1
9.5
8.8
10.7
9.3
6.5
6.4
7.7
6.8
7.2
231.5
208.4
211.9
223.9
228.0
235.9
186.4
17.3
5.7
11.6
224.1
19.3
6.0
13.3
201.9
16.6
5.4
11.2
205.6
17.6
5.8
11.8
216.2
18.8
6.1
12.7
221.2
18.7
6.0
12.8
228.7
19.5
5.9
13.6
Nonfinancial
Manufacturing
Nondurable goods
Food and kindred
products
Chemicals and allied
products
Petroleum and coal
products
Other
169.1
83.1
46.3
204.8
105.9
55.8
185.3
94.2
50.1
188.0
93.4
52.1
197.4
99.7
55.5
202. 5 209.2
105.5 107.2
53.8
56.1
8.8
9.3
9.0
10.3
9.2
11.1
9.4
10.5
11.1
12.2
12.2
12.6
14.7
13.4
14.8
15.5
16.1
15.9
16.9
16.0
16.2
16.2
16.0
16.3
Durable goods
Primary metal industries
Fabricated
metal
products..
Machinery,
except
electrical
Electrical equipment
and supplies
Motor vehicles and
equipment
Other
36.8
44.1
41.3
44.2
51.7
51.1
6.1
6.0
6.6
7.9
6.9
4.6
5.6
5.0
5.1
5.9
5.7
8.3
9.6
9.0
9.9
10.0
10.7
4.0
4.5
4.2
4.7
5.5
5.6
4.3
8.8
7.2
11.1
6.6
10.5
9.4
12.7
Wholesale and retail trade.
Transportation, communication, and electric, gas,
and sanitary services
Other
30.0
33.7
34.5
8.3
9.6
38.6
9.9
12.6
36.4
38.9
31.3
24.7
33.1
24.3
34.1
26.0
33.3
25.8
34.8
25.7
36.4
26.7
6.5
6.4
7.7
6.8
Gross national product. _ 127.25 133.79 128.07 130.27 131.29 132.96
Personal consumption
penditures
134.40 136.44
ex-
Durable goods
Nondurable goods..
Services
126.3
132.7
127.3
129.1
130.3
131.7
133.4
135.2
117.7
133.7
122.7
124.4
138.0
130.9
118.2
135.1
123.6
120.2
136.2
125.9
121.8
136.4
128.0
123.8
136.9
129.8
124.9
138.5
132.0
127.0
139.9
133.8
132.4
132.1
141.6
139.9
138.3
145.5
132.7
132.7
141.4
134.9
134.5
142.0
137.0
136.2
143.3
139.0
137.5
145.0
140.6
138.7
146.1
142.6
140.5
147.4
127.4
133.2
133.7
133.6
134.7
143.8
144.4
143.9
128.3
132.8
133.3
132.6
130.8
135.9
136.4
136.2
132.8
139.0
139.6
138.8
133.8
142.9
143.4
143.8
135.1
145.3
145.9
145.5
137.1
147.3
148.0
147.8
116.3
122.4
117.0
118.8
120.1
122.4
123.2
124.0
163.4
187.4
169.2
194.3
163.4
186.6
163.7
187.3
164.6
168.1
190.4
171.1
198.1
172.9
199.4
129.9
138.4
130.8
133.4
135.4
137.3
139.2
141.8
130.0
129.8
138.0
138.7
130.4
131.0
134.2
132.9
135.4
135.4
136.7
137.7
138.3
139.7
141.5
141.9
Gross private domestic investment
-
Rest of the world
IV v
Table 19.—Implicit Price Deflators for Gross National Product (7.1)
91.6
6.2
Federal Reserve banks
Other
III
[Index numbers, 1972=100, seasonally adjusted]
Corporate profits before
deduction of capital
consumption allowances with inventory
valuation adjustment- . 192.6
Domestic industries
Financial *
II
Index numbers, 1972=100
Table 18.—Corporate Profits by Industry (6.18)
Domestic industries
Financial l
Nonfinancial
I
IV
Seasonally adjusted
Billions of dollars
Corporate profits with
inventory
valuation
and capital consumption adjustment
1976
6.2
50.0
7.3
7.2
Fixed investment
Nonresidential
Structures
Producers'
durable
equipment
Residential
Nonfarm structures
Farm structures
Producers'
durable
equipment
Change in business inventories
Net exports of goods and services
Exports.
Imports .
Government purchases
goods and services
of
Federal
State and local.
Table 20.—Fixed-Weighted Price Indexes for Gross National
Product, 1972 Weights (7.2)
Gross national product _ _ 127.3
Personal consumption
penditures
ex-
Durable goods
Nondurable goods
_
Services
. .. -
134.2
128.3
130.4
131.7
133.4
134.9
136.8
127.1
133.5
128.3
130.2
131.2
132.5
134.3
135.9
117.9
135.1
122.9
124.3
139.2
131.3
118.4
136.7
123.8
120.4
138.1
126.2
122.1
137.7
128.4
123.9
138.2
130.2
124. 8
139.8
132.4
126.7
141.1
134.3
132.8
132.6
141.7
140.7
139.1
145.3
133.2
133.4
141.4
135.4
135.0
142.0
137.7
137.0
143.3
139.8
138.2
144.8
141.7
139.7
146.0
143.5
141.4
147.1
127.4
133.3
135.6
143.8
128.7
132.9
131.0
136.0
133.3
139.1
134.5
142.9
136.1
145.3
138.1
147.3
164.4
187.7
170.2
193.7
164.4
186.5
164.8
187.6
165.5
188.9
168.9
189.8
172.3
197.1
174.0
198.6
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers'
durable
equipment
. .
Residential
Change in business inventories
Net export of goods and serv-
Exports
Imports
Government purchases
goods and services.
Federal
State and local
of
130.9
138.8
131.7
134.3
136.0
137.7
139.4
142.1
131.8
130.3
138.7
138.9
132.3
131.3
136.0
133.2
136.3
135.7
137.3
138.0
138.8
139.8
142.4
141.9
127.2
126.8
127.2
134.1
133.8
133.7
128.2
127.8
128.2
130.3
129.9
130.1
131.6
131.3
131.3
133.3
133.0
133.0
134.8
134.4
134.4
136.7
136.3
136.1
Addenda:
Final sales
Gross domestic product
Business
p Preliminary.
1. Consists of the following industries: Banking; credit agencies other than banks; security
and commodity brokers, dealers, and services; insurance carriers; regulated investment
companies; small business investment companies; and real estate investment trusts.
NOTE.—Table 18: The industry classification is on a company basis and is based on the
1967 Standard Industrial Classification.
SURVEY OF CURRENT BUSINESS
16
1976*
III
1975
1976
1975
1975
January 1977
II
IV
1975
III
1976 P
III
Seasonally adjusted
Change in business inventories
127.2
133.7
128.1
130.0
131.2
132.9
Net national product
126.6
132.8
127.3
129.5
130.4
132.0
133.4
134.3 136.3
Net domestic product.. __
. . . 126.2
132.3
126.9
129.1
129.9
131.6
132.9
134.9
126.5
125.5
151.5
132.0
131.3
144.3
127.1
125.8
158.3
129.1
127.6
167.9
129.7
129.0
142.4
131.4
130.1
162.5
132.6
131.9
141.7
134.3
129.1
123.8
137.2
133.2
131.0
124.5
132.6
127.7
134.0
130.0
135.8
131.9
137.3
133.7
141.7
137.0
. . 127.1
133.2
127.6
129.9
130.9
132.4
133.8
126.6
132.7
127.1
129.4
130.3
131.9
133.2
127.0
126.7
137.4
132.4
132.5
129.3
127.4
126.8
143.3
129.6
128.8
153.1
130.2
130.3
127.7
131.8
131.3
145.7
132.9
133.1
127.8
116.7
129.1
123.8
137.2
133.2
131.0
124.5
132.6
127.7
134.0
130.0
135.8
131.9
137.3
133.7
141.7
137.0
Business
Nonfarm
Farm
Residual. _. _ _.
Households and institutions _
Government
132.1
131. 9
128.8
129.0
130.9
130.3
130.4
130.1
131.7
131.4
132.3 134.1
132.0 133.9
Durable goods
Final sales
Change in business inventories
124.3
124.5
130.8
130.5
124.5
125.5
126.6
127.1
127.4
127.6
130.7
130.5
131.4 133.4
131.0 132.9
Rest of the world
Nondurable goods. _
Final sales
Change in business inventories
130.3
130.0
133.0
132.8
131.3
131.2
133.6
132.5
132.2
131.8
132.3
132.1
132.9 134.6
132.7 134.5
Domestic income
National income
124.4
138.8
133.3
145.2
125.3
138.6
127.8
140.1
130.2
142.0
132.0
144.7
IV P
134.40 136.44
128.0
127.8
_ _ _
III
Table 24.—Implicit Price Deflators for Net National Product and
National Income by Sector (7.7)
Goods
_
__
Final sales
Change in business inventories
Services __
Structures. _ _
II
Index numbers, 1972=100
Table 21.—Implicit Price Deflators for Gross National Product by
Major Type of Product (7.3)
Final sales
I
IV
Seasonally adjusted
Index numbers, 1972=100
Gross national product. _ 127. 25 133. 79 128.07 130.27 131.29 132.96
1976
134.3 136.5
146.1 147.7
Table 22.—Implicit Price Deflators for Gross National Product by
Sector (7.5)
Business
Nonfarm
Farm
...
Households and institutions.
Government
135.4
131.4
Rest of the world
Table 25.—Implicit Price Deflators for Auto Output (7.9)
Gross national product.. 127.25 133.79 128.07 130.27 131. 29 132.96
Gross domestic product
Business.__
126.9
_.
133.4
127.7
129.9
130.9
132.6
134.40 136.44
133.9 136.0
127.2
126.3
127.6
115.0
147.3
133.2
132.5
133.8
121.3
144.4
128.0
126.8
128.1
115.5
152.9
130.1
128.7
130.1
117.3
160.2
132.5
131.3
132.6
120.4
157.6
133.8 135.6
133.2
134.5
122.0 123.7
142. 8 135.5
Residual.
Households and institutions.
130.9
130.1
131.4
118.9
141.9
129.1
137.2
131.0
132.6
134.0
135.8
137.3 141.7
Government
Federal
State and local. _ __ _
123.8
122.9
124.2
133.2
131.8
133.9
124.5
122.5
125.5
127.7
127.8
127.6
130.0
129.2
130.4
131.9
130.2
132.7
133.7 137.0
131.3 136.3
134.9 137.3
Nonfarm
Nonfarm less housing _ __
Housing
Farm -
Rest of the world
_ .
Table 23.—Implicit Price Deflators for the Relation of Gross
National Product, Net National Product, and National Income
(7.6)
Gross national product.. 127. 25 133.79 128.07 130.27 131. 29 132.96 134.40 136.44
Less: Capital consumption allowances with capital
consumption adjustment
132.8
142.5
134.6
137.4
139.4
141.4
143.5 145.5
Equals: Net national product._
126.6
132.8
127.3
129.5
130.4
132.0
133.4 135.4
Less: Indirect business tax
and nontax liability
plus business transfer
payments less subsidies plus current surplus of government enterprises
Residual
Equals: National income
120.9
126.4
123.0
123.2
123.5
125.7
127.2 129.2
127.1
133.2
127.6
129.9
130.9
132.4
133.8
1. Consists of final sales and change in business inventories of new autos produced in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and
government purchases.
Auto output..
Final sales
Personal consumption expenditures
New autos
Net purchases of used
autos
Producers' durable equipment
New autos
Net purchases of used
autos
Net exports
Exports
Imports
Government purchases of
goods and services
Change in business inventories of new and used autos.
Addenda:
Domestic output of new
autos 1
Sales of imported new autos 2 .
124.9
115.5
119.8
121.5
124.1
125.2
128.7
113.1
124.5
115.6
119.2
120.6
123.5
125.2
128.7
117.7
115.1
131.5
122.1
121.3
115.1
124.8
118.1
126.0
120.4
130.5
121.2
132.8
122.1
136.7
125.0
107.7
115.1
105.6
122.3
104.9
115.1
108.3
118.1
110.8
120.5
105.0
121.3
103.7
122.2
102.9
125.1
116.0
134.9
121.9
143.6
116.8
134.7
119.0
139.9
119.2
143.1
119.6
141.2
122.8
142.9
126.0
147.5
120.6
119.6
118.2
120.7
122.0
118.7
119.0
119.7
115.0
115.0
122.2
115.4
115.1
118.1
118.0
120.2
120.4
121.0
121.2
122.2
122.1
125.2
125.0
Table 26.—Implicit Price Deflators for Personal Consumption
Expenditures by Major Type of Product (7.11)
Personal consumption
expenditures
126.3
132.7
127.3
129.1
130.3
131.7
133.4
135.2
Durable goods
117.7
124.4
118.2
120.2
121.8
123.8
124.9
127.0
Motor vehicles and parts
Furniture and household
equipment
Other
119.0
128.7
119.5
122.7
124.1
127.6
129.5
133.5
116.5
117.9
120.8
121.5
116.7
118.7
118.2
119.2
119.9
120.2
120.7
121.0
121.0
121.8
121.7
123.0
133.7
138.0
135.1
136.2
136.4
136.9
138.5
139.9
139.2
114.3
157.1
197.6
125.1
141.8
117.9
164.0
212.0
131.9
140.8
114.7
163.0
202.6
125.7
141.7
115.1
166.6
209.9
127.3
141.1
116.1
160.7
205.1
129.7
141.5
116.9
158.6
206.5
131.1
142.0
119.0
165.7
215.0
132.3
142.6
119.7
170.9
220.5
134.2
Nondurable goods
Food
Clothing and shoes..
Gasoline and oil
Fuel oil and coal
Other
Services.
uct sold, by th
industries, nondurable.
Tables 22 and 24: The industry classification within the business sec:tor is on an establishment basis and is based on the 1967 Standard Industrial Classification
p Preliminary.
112. 9
Housing
Household operation
Electricity and gas
Other
Transportation
Other
122.7
130.9
123.6
125.9
128.0
129.8
132.0
133.8
116.8
127.8
140.4
118.9
118.2
127.0
123.4
137.4
153.6
126.5
126.6
136.3
117.4
129.0
142.9
119.3
118.9
128.1
119.2
131.6
146.7
121.4
121.1
130.8
120.9
134.0
147.4
124.6
123.5
133.3
122.5
135.5
151.0
125.4
125.5
135.2
124.1
138.8
156.3
127.3
127.7
137.3
125.8
141.0
159.5
128.7
129.7
139.2
SURVEY OF CURRENT BUSINESS
January 1977
1975
1975
1976P
1976
I
IV
III
17
II
1975
III
1975
IVP
1976*
III
Seasonally adjusted
Percent
Percent at annual rate
Percent
12.6
9.2
9.9
4.5
8.5
3.9
9.4
3.0
3.2
5.2
4.4
6.2
6.4
4.3
5.4
4.6
5.8
73
66
42
52
46
58
11.8
4.1
10.4
4.5
13.1
8.8
8.3
4.0
9.2
3.6
11.1
5.4
11.6
6.2
19.1
11 4
10.6
3.3
5.1
7.0
7.1
5.3
7.3
54
10.8
5.5
Personal consumption expenditures:
Current dollars .
1972 dollars
Implicit price deflator.
9.7
1.5
8.1
5.0
7.3
5.6
3.9
4.1
5.5
5.4
Fixed-weighted price index..
8.2
5.0
8.0
8.1
6.1
3.3
4.0
5.4
5.1
Durable goods:
Current dollars
1972 dollars .
Implicit price deflator. _
Chain price index
Fixed-weighted price index
8.3
-.4
8.7
8.8
18.7
12.3
5.6
5.3
31.7
27.0
3.7
3.5
18.0
10.4
6.9
6.8
29.8
23.2
5.4
5.3
10.0
3.0
6.7
6.6
7.0
3.2
3.6
3.0
9.4
2.3
6.9
6.1
9.0
5.4
3.5
7.1
5.5
6.3
3.0
6.2
7.3
6.8
.5
-.5
5.5
3.8
1.6
1.4
6.5
1.7
4.8
4.8
13.0
8.5
4.1
3.8
Nondurable goods:
Current dollars
1972 dollars
Implicit price deflator.._
Chain price index
Fixed-weighted price index
__ ___ _
8.7
.9
7.8
8.0
7.6
4.3
3.2
3.1
8.9
-.5
9.5
10.2
6.9
3.5
3.3
4.1
8.0
3.0
10.4
4.1
-1.1
1.4
4.8
3.8
Services:
Current dollars
1972 dollars
Implicit price deflator.—
Chain price index
_
Fixed-weighted price index
_ _
11.0
2.6
8.1
8.2
11.5
4.5
6.7
6.8
8.9
1.8
7.1
7.2
11.4
3.5
7.6
7.7
13.7
6.2
7.1
6.9
10.5
4.6
5.6
5.9
12.5
5.3
6.8
6.7
9.9
3.9
5.8
5.8
8.2
6.8
7.3
7.8
7.0
5.9
6.8
5.9
Gross private domestic investment:
Current dollars
-14.6
1972 Dollars..
_ _. ___ -24.3
Implicit price deflator
Chain price index
Fixed-weighted price index..
31.3
24.8
104.8
93.0
10.0
-4.7
68.9
67.1
17.9
11.5
13.8
3.2
Fixed investment:
Current dollars
_. - 2 . 9
1972 dollars
-13.7
Implicit price deflator ___ 12.4
Chain price index
12.5
Fixed-weighted price index
11 7
Nonresidential:
Current dollars
-1.4
-13.3
1972 dollars.
Implicit price deflator. — 13.8
Chain price index
13.9
Fixed-weighted price index
13.4
Structures:
Current dollars
-3.9
1972 dollars
-12.6
Implicit price deflator __
10.1
Chain price index
10.0
Fixed-weighted price in10.1
dex .
Producer's durable equipment:
.0
Current dollars
1972 dollars
-13.6
15.8
Implicit price deflator. _
Chain price index
16.1
Fixed-weighted price index
15.6
Residential:
-7.1
Current dollars
1972 dollars. _
-14.7
Implicit price deflator __
8.9
Chain price index
8.8
Fixed-weighted price index
8.8
14.8
15.0
8.7
9.1
6.5
5.7
5.8
2.5
3.2
6.9
6.5
18.8
11.6
6.4
6.9
6.0
29
66
71
8.7
7.6
3.8
4.7
.8
7.3
-1.8
2.7
5.0
3.6
4.9
3.4
16.7
10.2
5.9
5.8
64
8.3
-3.2
16.6
11.4
4.7
5.1
16.7
10.4
5.8
4.9
53
52
13.3
7.8
5.1
12.3
8.3
3.7
13.5
9.6
3.6
6.2
1.4
5.8
5.4
6.0
3.8
4.3
4.7
5.1
5.9
3.8
4.3
4.9
.8
5.3
6.5
3.7
4.9
5.4
2.5
.7
8.5
4.7
13.8
8.4
8.5
5.2
10.7
2.7
2.5
-.5
-.4
1.8
1.6
3.6
3.7
5.0
4.3
3.1
3.3
3.6
3.1
26
A
1.5
38
43
33
32
11.5
2.9
3.5
16.3
11.7
4.1
4.9
—2 1
6.1
5.5
3.5
5.0
6.0
6.9
39
5.8
6.4
-1.3
—5.1
4.0
5.8
10.0
6.4
5.8
7.4
15.9
93
6.1
7.2
7.2
32 5
22.7
8.0
7.9
37.2
34.5
2.0
2.0
38.4
26.1
9.8
9.6
34.0
22.3
9.5
9.5
28.3
15.1
11.5
11.2
24.3
16.1
7.0
7.0
44.9
37.0
5.7
5.6
7.9
2.0
9.6
9.4
11.2
7.0
5.7
9.9
1.8
8.1
7.5
8.3
I
IV
II
III
IVP
Seasonally adjusted
Table 27.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
Deflator, and Price Indexes (8.9)
Gross national product:
7.3
Current dollars
1972 dollars
— 1.8
Implicit price deflator.—
9.3
Chain price index
9.2
Fixed-weighted price index
92
1976
3.8
Percent at annual rate
Table 27.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
Deflator, and Price Indexes—Con.
Exports:
2.5
Current dollars
1972 dollars
—6 7
Implicit price deflator
10.0
Chain price index
11.1
Fixed-weighted price index.. 11.0
Imports:
Current dollars
__
-6.8
1972 dollars
-15.7
10. 5
Implicit price deflator
Chain price index
10 4
Fixed-weighted price index. _ 10.1
Government purchases of
goods and services:
Current dollars
11.8
1972 dollars
1.8
Implicit price deflator
9.8
Chain price index... __ _ _ 9.7
Fix-weighted price index
9.9
9.4
56
3.6
3.5
3.5
21.5
17.2
3.7
3.2
3.2
-4.9
—8 8
2.3
1.4
1.6
17.2
77
8.8
8.8
8.6
19.8
11 7
.8
7.3
4.3
20.0
31.0
18.2
32.1
1.6
-.8
—1 9 2 2
2.2
-1.9
45.6
39.9
4.1
28
15.4
12.5
2.5
2.0
-6.3
-8.7
2.6
3.0
2.9
1.9
35.7
15.7
17.3
16.5
16.4
15.8
14 7
.9
1.2
1.0
15.8
14 8
1.2
1.2
1.0
—1 3
7.9
8.3
4.2
4.1
3.0
7.9
1.3
6.6
6.4
6.1
12.5
5.2
6.9
7.1
6.6
12.9
4.3
8.2
8.1
8.2
1.0
-4.9
6.2
5.8
5.0
8.6
2.6
5.8
5.7
5.2
8.6
2.9
5.5
5.5
5.1
8.1
11 5
.4
11.0
10.5
7.2
7.6
19.8
10.7
13.6
1.2
7.0
5.7
12.0
11.6
2.5
3.7
3.7
4.7
4.5
9.7
10.6
10 8
53
6.3
7.8
7.2
-3.7
-7.2
3.8
2.1
6.3
1.0
11.6
.9
3.1
4.4
10.8
15.5
9.1
2.8
3.8
7.7
7.4
1.4
6.1
6.2
-3.5
7.6
8.0
9.9
2.7
-1.3
6.5
6.6
6.0
7.8
7.1
6.9
6.7
5.9
6.0
66
7.3
6.7
6.2
5.6
6.0
9.7
10.5
11.3
4.9
7.4
3.7
9.7
4.2
8.8
4.3
11.3
4.1
6.1
6.4
3.6
4.3
5.2
5.3
4.4
4.6
6.2
5.7
55
7.3
6.6
4.2
5.2
4.6
5.8
Gross domestic product:
77
Current dollars
1972 dollars
—1 7
9.5
Implicit price deflator
Chain price index
93
9.2
Fixed-weighted price index—
11 5
61
5.1
55
19.1
11.3
7.0
7.4
10.8
12.2
10.1
3.4
9.0
4.6
3.0
4.3
5.3
5.4
8.2
3.8
7.1
6.4
5.5
7.4
6.7
4.2
5.3
4.4
9.3
2.9
6.3
5.8
5.9
Business:
7.1
Current dollars
..
1972 dollars
—2 3
Implicit price deflator...
9.6
Chain price index
9.3
Fixed-weighted price in9.3
dex
11.8
68
4.7
5.1
20.8
13.1
6.8
7.4
10.7
12.6
10.1
2.3
3.9
10.5
5.0
8.0
3.8
6.7
5.9
4.0
4.3
8.9
3.3
5.5
4.9
5.2
7.4
6.2
3.7
5.2
4.3
5.0
9.3
4.1
1.2
10.8
10.2
-5.7
4.9
6.1
9.0
4.6
6.2
.7
9.3
3.7
Federal:
Current dollars
1972 dollars..
Implicit price deflator.—
Chain price index
Fixed-weighted price index
State and local:
Current dollars
_ _ 11.9
1972 dollars
26
Implicit price deflator...
9.1
Chain price index
9.3
Fixed-weighted price index
92
6.2
5.8
8.3
1.4
6.8
6.8
.4
7.7
8.0
7.9
3.5
5.1
Addenda:
Final sales:
Current dollars
1972 dollars
Implicit price deflator.
Chain price index
Fixed-weighted price index
Disposable personal income:
Current dollars
_
1972 dollars
9.2
9.3
92
92
10.0
1.8
43
5.1
55
6.2
7.3
3.7
5.2
5.4
4.2
4.4
4.8
p Preliminary.
<
Note.—Table 27: The implicit price deflator for G N I* is a weighted average of the letailed
price indexes used in the deflation of G N P . In each period, the weight s are based on the composition of constant-dollar output in that period. In other words, the price index for each item
is weighted by the ratio of the quantity of the item valued in 1972 pr ices to the total output
in 1972 prices. Changes in the implicit price deflator reflect both change s in prices and changes
in the composition of output. The chain price index uses as weights the composition of output
in the prior period, and, therefore, reflects only the change in prices between the two periods.
However, comparisons of percent changes in the chain index also reflect changes in the composition of output. The fixed-weighted price index uses as weights the composition of output in
1972. Accordingly, comparisons over any tima span reflect only changes in prica?.
By ROBERT B. BRETZFELDER
State Personal Income, 1975: III-1976: III
personal income increased
9% percent from the third quarter of
1975 to the third quarter of 1976. Real
income was up nearly 5 percent, and
prices—as measured by the implicit
price deflator for personal consumption
expenditures—were up 4% percent. In
47 States, the gain in current-dollar
income exceeded the national increase
in consumer prices. In three farm
States—Montana, South Dakota, and
North Dakota—and in the District of
Table A.—Percent Change in State Total Personal Income, and Selected Components, 1975: IH-1976: III
Percent change
Rank Ranked by percent change in
total personal income
United States
Index, U.S. percent change==100
Wage and salary disbursements
Total
personal
income
Service
type industries *
Farm
income
Personal
income
excl.
farm
Total
personal
income
Wage and salary disbursements
Manufacturing
Construction
Personal
income
excl.
farm
Manufacturing
Construction
9.5
12.3
4.0
15.0
11.5
-17.6
10.3
100
100
100
100
100
100
13.1
12 2
12.2
12.2
11 9
11.7
11.7
11.5
12.9
20 6
13.8
6.5
25.9
17.3
11.9
-2.6
1.3
.9
9.4
52.1
18.2
16.5
16.3
12.4
14.5
12.4
15.1
12.9
-42.0
-19.6
-12.3
-12.1
—23.4
-23.1
-1.7
-12.7
13.2
12.4
12.7
12.8
12.3
12.1
12.0
12.1
138
128
105
167
345
163
347
19.0
16.7
15.2
14.6
27.6
7.6
64
166
113
152
158
143
128
128
125
123
648
433
298
128
120
123
121
127
111
101
97
142
108
126
108
123
124
119
117
160
21.8
14.8
-18.4
12.4
127
115
15.8
10.5
19.3
—8.8
11.8
10.6
10.5
-.7
-9.4
-8.0
-14.3
-15.2
-4.4
-19.8
-3.5
-28.9
-15.7
-8.7
-22.6
-7.7
-9.9
-39.9
-16.8
-26.5
—19.0
-8.7
-14.8
11.3
13.5
11.2
10.5
11.1
10.0
10.1
10.1
12.0
11.1
9.8
10.9
10.2
10.5
12.3
115
132
112
111
109
153
117
145
Mining
Mining
Service
type industries *
States with above national
average gains:
1
2
3
4
5
6
7
8
Alaska.
__ _
New Hampshire
Utah
Maine
_ __
Nevada
Michigan
Wyoming
South Carolina
Average
12.1
7.9
20.4
13 9
18.7
-.5
19.7
14.2
33
23
184
51
131
112
117
117
145
129
120
395
70
103
158
393
398
110
129
235
States with near national
average gains:
9
10
11
12
13
14
15
16
17
18
19
20
21
22
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
Vermont
Idaho
Illinois
Rhode Island
Texas
New York
.
West Virginia
Massachusetts
Kentucky._
__ _
North Carolina
New Jersey
Oregon
California
Wisconsin
New Mexico. _ _ _ _ _
Virginia
Missouri _
_
Alabama
Pennsylvania
Georgia
Connecticut
Oklahoma
Louisiana
___
Mississippi
Maryland
_
—
Ohio
Minnesota
_ _ _____
Indiana
Tennessee
Florida
Arizona
Hawaii
Kansas
Delaware
.
Colorado
Average
-
10.9
10.6
10 5
10 4
10.3
10.0
10.0
10.0
10.0
9.8
9.8
98
9.7
9.7
9.5
9.5
9.5
94
93
9.3
93
9.2
9.1
9.1
9.0
9.0
9.0
8.9
16.2
18.8
14 4
17 8
11.6
11.3
11.3
13.0
17.0
11.8
9.9
14 7
8.9
10.9
24.6
12.5
15.6
11 4
10 4
12.3
10 5
8.5
12.6
10.5
15.1
9.8
6.3
15 7
15.9
11.6
6.7
9.5
-7.7
17.0
13.9
-3.9
-2.8
2.7
3.2
10.1
6.0
3.6
62
-2.3
3.5
— 1
1.0
8.9
16.6
4.8
3.5
10.8
83
13.1
16.3
12 3
12 8
14 5
15 9
—6 6
—8 3
-3.8
—15 5
7.9
7.8
7.8
3.5
6.8
9.8
—9.7
9.4
12.8
42
4.6
2.8
7.6
6.2
88
86
8.3
4.3
9.1
.2
9.1
18.8
25.1
15.1
3.3
7.8
21.2
24.5
40.3
24.9
14.9
15.7
22.5
15.6
—2 2
12.2
27.0
6.1
11.9
10.6
8.6
11.9
11.6
15.6
11.8
12.0
12.3
12.4
15.5
11.4
11.6
12 3
9.8
10.3
11.6
12.4
11.8
11.4
10.7
13.9
11.7
11.3
10 1
90
10.4
12 2
14.6
10.4
-.6
.8
9.9
-21.0
-37.3
-10.1
-16.6
-21.6
-18.7
-27.2
-29.0
-13.2
-3.6
—7 9
-19.7
-17.3
-20.5
15.3
11.5
-16.0
7.2
-9.2
-24.3
-24.1
-25.1
20.7
11.8
20.9
15.1
16.1
41.3
11.2
12 3
25.1
-7.8
12.8
10.0
108
105
94
92
105
92
105
105
103
103
103
102
102
106
138
96
80
120
72
89
8.6
8.9
100
100
100
99
98
98
98
97
96
96
95
95
95
94
93
91
87
87
83
82
82
200
102
127
93
85
100
85
69
102
85
123
80
107
133
100
104
118
129
28
55
80
10.3
99
8.0
76
76
64
54
9.9
10.8
10.3
9.4
10.2
9.4
10.4
10.4
10.1
9.3
9.7
11.2
11.0
9.6
9.1
8.6
8.8
10.4
290
168
125
167
238
101
425
348
68
80
253
50
90
155
88
25
223
415
120
88
270
108
22
52
141
163
269
166
99
105
150
104
81
180
41
138
79
139
101
107
275
75
82
167
92
91
79
131
109
102
103
92
75
103
101
136
103
104
107
108
108
97
98
98
117
108
95
106
99
102
119
96
105
100
91
99
91
101
101
98
90
94
109
107
93
88
83
85
101
83
86
135
99
101
107
85
90
101
108
103
99
93
121
102
98
88
228
5
85
67
5
78
90
106
127
90
86
104
105
102
100
100
37
142
113
155
70
190
155
262
135
335
146
78
113
117
107
States with below national
average gains:
44
45
46
47
48
49
50
Washington
Arkansas
Iowa
_
Nebraska
District of Columbia
North Dakota
South Dakota
M^ontana
Average
7.2
7.2
6.1
39.3
20.2
50.3
21 9
.7
17.5
13.9
19 1
12.3
43
19.8
17.0
—3 3
3.7
—22 8
2.7
-23.8
—11 7
11.4
2.0
13.3
15.1
12 9
6.4
95
13.0
6.5
4.3
13.6
-3.4
19.1
10.5
51
4.4
24
1.4
1. Includes wholesale and retail trade, finance, insurance, and real estate; transportation,
communication, and public utilities; and services.
18
—13 1
-38.9
-38.0
11.6
12.0
11.0
4.4
7.5
11.0
7.4
-24.7
9.1
100
35
93
15
161
68
7
138
13
63
116
131
112
56
83
113
57
45
111
127
91
46
25
76
43
73
107
72
88
SUEVEY OF CUEEENT BUSINESS
January 1977
Table B.—Total Personal Income, States and Regions
[Millions of dollars, seasonally adjusted at annual rates]
1975
State and region
II
1976
III
IV
III
1,208,832
1,237,276
1,273,924
1,309,384
1,340,379
1,370,584
1,394,728
71,815
21,025
4,837
34,355
4,160
5,211
2,227
73,115
21,211
4,952
35,029
4,275
5,359
2,290
75,154
21,825
5,146
35,921
4,395
5,499
2,370
77,191
22,278
5,348
36,968
4,554
5,585
2,458
79,395
22,909
5,522
37,947
4,687
5,818
2,511
80,564
23,240
5,634
38,500
4,759
5,870
2,562
82,798
23,865
5,775
39,525
4,932
6,072
2,629
Mideast
Delaware
District of Columbia..
Maryland
New Jersey
New York
Pennsylvania
266,455
3,790
5,269
25,714
47,953
115,824
67,905
270,833
3,833
5,542
26,065
48, 547
117,700
69,145
277,004
3,939
5,724
26,849
49,452
119,880
71,161
283,384
4,071
5,642
27,504
50,773
122,422
72,972
290,010
4,090
5,626
27, 986
52,314
125,482
74,513
296,770
4,273
5,746
28,756
53,207
128,623
76,166
303,367
4,248
5,978
29,267
54,299
131,817
77,758
Great Lakes..
Illinois
Indiana
Michigan..
Ohio
Wisconsin..
241,310
72,776
28,833
53,868
60,756
25,077
246,309
74,309
29,410
55,314
61,596
25,679
254,015
76,321
30,584
57.302
63.303
26,505
261,715
79,259
31,264
59, 620
64,399
27,173
267,195
80,802
31,851
60,712
65,998
27,831
275,009
83,365
32,816
62,884
67,517
28,427
279,812
84,353
33,317
64,033
69,031
29,079
91,059
16,183
12,931
21,705
25,033
8,683
3,393
3,130
95,358
17,169
13,463
22,524
25,928
9,368
3,604
3,302
98,813
18,065
13,968
23,210
26,642
9,637
3,780
3,512
100,952
18,342
14,256
23,734
27,373
9,903
3,830
3,515
102,717
18,345
14,678
24,190
28,224
9,863
3,841
3,576
106,792
19,355
15,152
25,116
28,856
10,391
4,264
3,659
106,280
19,170
15,073
25,309
29,173
10,125
3,869
3,561
231,218
16,050
9,332
45,444
23,872
15,844
17,842
9,104
237,678
16,431
9,514
46,539
24,618
16,332
18,351
9,368
244,485
17,029
10,049
47,430
25,308
16,826
18,779
9,593
252,230
17,604
10,203
48,800
26,409
17,162
19,390
9,952
259,481
18,153
10,362
49, 941
26, 959
17,921
20,255
10,265
262,686
18,422
10,776
50,654
27,339
18,088
20,437
10,422
267,187
18,626
10,769
51,489
27,662
18,506
20,491
10,463
25,447
12,369
19,629
27,639
8,646
26,465
12,824
20,156
28,292
27,537
13,132
20,840
29,090
8,872
28,532
13,730
21,377
29,910
9,161
29,397
14,062
22,017
30,618
9,533
29,378
14,207
22,254
31,107
9,602
30,239
14,647
22,672
31,868
9,756
Southwest
Arizona
New Mexico _
Oklahoma
Texas
95,866
11,362
5,153
13,627
65,725
98,482
11,615
5,3/2
13,977
67,518
102,222
12,186
5,607
14,452
69,977
105,515
12,469
5,772
14,891
72,383
108,062
12,723
5,862
15,254
74,223
110,363
12,902
15.522
75, 913
112,323
13,194
6,138
15,775
77,215
Rocky Mountain.
Colorado
Idaho
Montana
Utah
Wyoming
30,138
14,415
3,983
3,817
5,696
2,226
31,107
14,966
4,125
3,951
5,820
2,244
32,421
15, 492
4,382
4,208
6,026
2,313
33,078
15,800
4,444
4,239
6,205
2,390
33,458
15,996
4,437
4,174
6,394
2,456
34,494
16,488
4,501
4,377
6,601
2,526
35,131
16,700
4,846
4,239
6,763
2,583
172,513
134,893
3,806
12,568
21,245
175,566
136,84S
3,879
12,904
21,934
180,629
140,512
3,971
13,492
22,654
185,795
145,069
4,084
13,842
22,800
190,305
148,477
4,222
14,209
23,397
193,947
151,147
4,307
14.523
23,969
197,723
154,181
4,443
14,811
24,289
2,973
5,485
3,197
5,632
3,475
5,706
3,652
5,872
3,733
6,023
3,863
6,096
3,930
6,178
79,395
252,308
267,195
102,717
198,211
68,356
120,093
56,265
195,840
80,564
257,996
275,009
106,792
201,061
69,187
122,647
57,729
199,599
82,798
263,874
279,812
106,280
205,153
70,267
124,250
58,906
203,388
United States.
New England
Connecticut
Maine
Massachusetts...
New Hampshire.
Rhode Island
Vermont
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota..
South Dakota..
Southeast
Alabama
Arkansas....
Florida
Georgia
Kentucky...
Louisiana...
Mississippi.
North Carolina.
South Carolina..
Tennessee
Virginia
West Virginia..-
Far West
California
Nevada
Oregon
Washington..
Alaska..
Hawaii..
Census regions
Addenda:
New England
Middle Atlantic
East North Central..
West North Central..
South Atlantic
East South Central..
West South Central..
Mountain
Pacific
71,815
231,682
241,310
91,059
178,189
60,627
106,526
50,459
177,164
73,115
235,392
246,309
95,358
182,966
62,287
109,361
51,973
180,515
75,154
240,492
254,015
98,813
187,881
64,288
113,256
54,185
185,838
77,191
246,167
261,715
100,952
193,758
66,095
116,867
55,403
191,235
NOTE .—Quarterly totals for the State personal income series will not agree with the personal income measure carried in
the national income and product accounts.
(Continued from page 8)
with the 3-percent annual rate increase
of GNP. The components that accounted for the difference were farm
and auto production, and residential
construction, each of which registered
above average increases. The only
other factor that can be isolated as an
explanation of the flatness of the
stripped-down production measure is
19
Columbia, income gains ranged from
less than 1 to 4% percent, and real income was off.
The eight States with the largest
income gains, ranging from 13 to 11%
percent, were Alaska, New Hampshire,
Utah, Maine, Nevada, Michigan, Wyoming, and South Carolina (table 1). In
each, total income gains were industrially widespread, with most major
nonfarm income components rising
more rapidly than in the Nation. Wage
and salary disbursements in servicetype industries increased sharply; on
average, these wages and salaries increased nearly 15 percent, as compared
with 11% percent nationally. In most
of these States, construction and manufacturing wages and salaries also increased more than the national average;
manufacturing gains were particularly
important in Michigan and South
Carolina. In Wyoming, Utah, and
Alaska, mining payrolls increased at
above-average rates, and in the latter
State, so did nearly all other major
nonfarm income components as work
on the oil pipeline accelerated.
The smallest income gains, ranging
from less than 1 to 7% percent, occurred
in the District of Columbia and in
seven States: Montana, South Dakota,
North Dakota, Nebraska, Iowa, Arkansas, and Washington. In each of
these States, except Washington, a
substantial decline in farm income was
the major retarding factor. On average,
farm income was 15% percent of total
income in these States, as compared
with 2% percent nationally, and declined 27% percent, as compared with
a national decline of 17% percent. Each
of the farm States, except Arkansas,
was hit by a sharp fall in wheat and/or
corn prices; Arkansas was affected by
a drop in the price of rice. Manufacturing and government payrolls were
the major factors holding back income
gains in Washington and in the District
of Columbia, respectively.
truck production, which is included in
the stripped-down measure. It declined sharply in the fourth quarter,
after substantial increases earlier in
the year, especially in the third quarter.
By JOHN T. WOODWARD
Plant and Equipment Expenditures: 1977
B,BUSINESS
These figures are not adjusted for
price change. Survey respondents estimate an 8 percent price increase for
capital goods purchased by them in
1976, and expect a similar increase in
1977 (table 2).2 Since 1970, when BEA
initiated its inquiry into capital goods
price changes, the survey-based estimates have indicated larger actual
price increases than did the implicit
price deflator for the fixed nonresidential investment component of GNP
CHART 6 in every year except 1975. The reasons
for the differences are not clear. The
Changes in Business Investment
deflator increased about 5 percent in
Percent
1976, suggesting that real spending on
-30
-20
-10
0
10
20
30
i
I
r
plant and equipment in 1976 was up
about 3 percent. If capital goods prices
ALL INDUSTRIES
increase this year about as much as
last year, an increase in real spending
of 6 percent for 1977 is suggested.
Air Transportation
plans to spend $135
billion on new plant and equipment
in 1977, 11.3 percent more than in
1976 (table 1 and chart 6). This
estimate is based on the annual survey conducted by BEA in late November and December. The estimate of
1976 spending, based on the survey
conducted a month earlier, is $121.2
billion, 7.5 percent more than in 1975.1
Gas, Water, and
Sanitary Services
Electric Utilities
Nondurable Goods
Manufacturing
Durable Goods
Manufacturing
Communication
Commercial, and
Other
Mining
Railroad
Misc. Transportation
U.S. Department of Commerce, Bureau of Economic Analysis
20
1. For estimates of prior years, see pages 25-40 of "Revised
Estimates of New Plant and Equipment Expenditures,
1947-69: Part I " in the January 1970 SURVEY and the March
1970, 1972, 1974, and 1976 issues.
The estimate of 1976 plans is based on actual expenditures
in the first three quarters plus plans for the fourth quarter.
The plans are adjusted for systematic biases by procedures
described on pages 36-39 of the Feburary 1970 SURVEY.
The 1977 plans were adjusted for systematic biases. Before
adjustment, plans were $60.92 billion for manufacturing and
$74.51 billion for nonmanufacturing; the net effect of the
adjustments was to lower manufacturing $1.34 billion and
to raise nonmanufacturing $0.86 billion. The bias adjustments, which are computed separately for each major industry, were applied only when plans deviated from actual
spending in the same direction for 5 of the last 7 years. In
these cases, the adjustment used was the median deviation
between actual and planned spending in the last 5 years.
2. Respondents were asked:
"What are your best estimates of average price changes
from 1975 to 1976 and expected price changes from 1976 to
1977:
"a. Prices paid by your company for new construction,
machinery, and equipment.
"b. Prices of goods and/or services sold by your company."
Similar information was obtained in the corresponding
annual surveys conducted since 1970. The companies'
responses on capital goods and sales price changes were
weighted by their reported capital expenditures and sales,
respectively.
The 1977 spending plans indicate
advances for all major manufacturing
and nonmanufacturing industries except "other transportation." The latter
reflects a decline in outlays for the
Trans-Alaska pipeline.
Manufacturing industries plan to
spend $59.6 billion, 12% percent more
than in 1976. Last year, the increase
was 10% percent and in 1975, 4 percent.
All major industry groups plan increases
in spending this year. The largest increases are planned by motor vehicles
(38 percent), rubber (27 percent), and
"other nondurables" (21 percent). Last
year's increases in these industries were
much smaller. The 16-percent increase
planned by paper is about the same as
last year. The aircraft, machinery,
textile, petroleum, and "other durables"
industries plan increases ranging between 11 and 14 percent. In general,
the increases do not differ much from
the 1976 increases; textiles is the major
exception—the 11-percent increase is
less than half the 1976 increase. Foodbeverage and stone-clay-glass plan small
increases this year—6 percent and 5
percent; their 1976 increases were much
larger.
Nonmanufacturing industries plan
to spend $75.4 billion, 10% percent
more than in 1976. This increase compares with a 5%-percent increase last
year, and a 2%-percent decrease in 1975.
Airlines plan a 26-percent increase,
following 4 years of declines. Railroads
plan a 10%-percent increase; their
spending declined 8 percent last year.
"Other transportation" plans a 29percent drop this year, as construction
of the Trans-Alaska pipeline nears
completion. Gas utilities plan a 17percent increase and electric utilities
a 13%-percent increase; last year, the
SURVEY OF CURRENT BUSINESS
January 1977
21
Table 1.—Expenditures for New Plant and Equipment by U.S. Business
Table 3.—Change in Business Sales
[Percent change from preceding year]
Percent change from
preceding year
Billions of dollars
1976
1975
All industries
Manufacturing
Durable goods
Primary metals s
Blast furnaces, steel works
Nonferrous metals
Electrical machinery
Machinery, except electrical3
Transportation equipment
Motor vehicles
Aircraft *
Stone, clay, and glass
Other durables s
Nondurable goods
Food including beverage
Textiles
Paper
Chemicals
Petroleum
Rubber
Other nondurables 0
1976*
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication, commercial and other
1976
1977
Expected, as
reported in:
112.78
121.23
134.95
7.5
11.3
47.95
52.98
59.58
10.5
12.5
21.84
23.60
26.47
8.0
12.2
5.99
3.03
2.28
2.31
4.50
3.24
2.06
.92
1.42
4.38
5.88
2.95
2.14
2.64
5.03
3.69
2.48
.98
1.68
4.68
6.20
3.13
2. 22
2^93
5.58
4.77
3.44
1.10
1.75
5.24
5.3
5.9
3.6
10.9
11.1
29.4
38.3
11.6
4.5
11.9
26.11
29.38
33.11
-1.7
25
-6!o
14.2
11.6
13.7
20.3
6.6
17.7
7.0
12.5
3.26
.66
2.95
6.25
10.51
1.48
3.90
.84
3.47
6.72
11.74
1.09
1.61
4.15
.94
4.03
7.34
13.32
1.39
1.94
19.8
26.5
17.8
7.6
11.7
9.0
8.7
6.4
11.3
16.0
9.2
13.4
27.4
20.7
64.82
68.25
75.37
5.3
10.4
3.79
2.55
1.84
3.18
20.14
17.00
3.14
33.34
3.97
2.35
1.32
3.58
22.44
18.94
3.50
34.59
4.41
2.59
1.67
2.56
25.60
21.51
4.10
38.54
4.7
-7.8
-27.9
12.9
11.4
11.4
11.5
3.7
11.0
10.5
26.1
-28.6
14.1
13.5
17.2
11.4
1.00
Nonmanufacturing
1977 2
12.7
p—Preliminary.
1. Excludes expenditures of agricultural business; real estate operators; medical, legal, educational, and cultural services;
and nonprofit organizations.
2. Estimates based on plans reported by business in late November and December 1976. Plans were adjusted for systematic biases.
3. Includes estimates not shown separately.
4. Includes guided missiles and space vehicles.
5. Includes fabricated metal, lumber, furniture, instruments, and ordnance and miscellaneous except guided missiles and
space vehicles.
6. Includes apparel, tobacco, leather, and printing-publishing.
7. Includes trade, service, construction, finance, and insurance.
spending of each increased 11% percent.
Table 2.—Change in Prices of Capital Goods
The communications and commercial
Purchased
group plans an 11%-percent increase,
[Percent change from preceding year]
largely reflecting communications and
Reported in
Reported in
trade; last year's spending increase was
Nov.-Dec.
Nov.-Dec.
1975
survey
1976 survey
much less. Mining expects an 11-percent
increase, more than double the 1976
ExActual
ExActual
1975
pected
1976
pected
increase.
1976
1977
Sales and sales prices
12.2
9.7
8.3
7.9
11.9
9.9
8.1
Durable goods
Nondurable goods -
11.5
12.3
9.4
10.3
8.0
8.1
8 0
77
Nonmanufacturing...
12.5
9.5
8.4
7.9
18.6
14.6
13.7
11.4
11.1
10.1
8.8
8.2
13.0
9.7
8.7
7.9
10.9
8.4
7.8
7.5
All industries.
Manufacturers expect their sales to
increase 11 percent in 1977 (table 3).
The actual increase in 1976 was 14 percent, as compared with an expected increase of 11% percent. The corresponding figures for .trade are 9, 10%, and
9 percent, and for public utilities,
15%, 16, and 15 percent.
Information relating to sales prices
is shown in table 4.
Manufacturing
Mining
. ...
Transportation
Public utilities
Communication,
commercial and
other
..
82
Nov.Dec.
1975
Manufacturing
Jan.Feb.
1976
1977
Expected,
as reActual ported in
Nov.Dec.
1976
11.7
11.7
13.9
10.9
12.6
12.5
14.9
11.9
Primary metals..
Electrical machinery
Machinery, except
electrical
Transportation
equipment
Stone, clay, and
glass
19.6
16.8
13.3
14.6
9.9
10.4
13.8
12.6
9.0
7.5
9.3
9.7
14.2
15.8
21.7
13.3
13.2
11.1
10.5
8.8
Nondurable goods i__
10.8
10.8
12.8
10.0
7.7
11.2
15.1
15.9
10.6
13.6
6.9
10.8
17.2
16.4
10.6
13.6
6.0
20.5
18.5
14.0
16.8
11.1
8.4
5.9
11.5
14.5
9.9
19.6
D urable goods '
Food including
beverage
Textiles
Paper
Chemicals
Petroleum
Rubber
9.1
10.5
8.9
Wholesale
Retail
7.4
10.4
9.3
11.5
8.4
9.2
Public utilities
15.1
16.0
15.3
Trade
15.1
1. Includes industries not shown separately.
Sources: Manufacturing data from Bureau of the Census,
Current Industrial Reports, Series M-3, for first 10 months
of 1976, and BE A estimates for November and December
1976. Trade data are from Bureau of the Census, Current
Business Reports, Monthly Wholesale Trade and Monthly
Retail Trade, and BE A estimates for November and December 1976. Public utility figures are estimated by BEA on
basis of data collected in the annual business investment
surveys.
Table 4.—Change in Prices of Products and
Services Sold by Manufacturing and
Utility Companies
[Percent change from preceding year]
Reported in
Nov.-Dec.
1975 survey
Actual
1975
Expected
1976
Reported in
Nov.-Dec.
1976 survey
Actual
1976
Expected
1977
Manufacturing _. . . .
8.3
5.7
5.4
5.7
Durable goods
Nondurable goods .
7.8
8.8
6.4
5.1
5.8
5.0
6.1
5.3
17.5
11.8
12.9
11.7
Public utilities
Revised Inventory and Sales Estimates, 1958-75
Manufacturing inventories, sales, and inventory-sales ratios, which are regularly shown on page S-5 of the SURVEY OF CURRENT
BUSINESS, have been revised.
Manufacturing inventories and sales have been revised back to January 1958 to reflect the adjustment of the monthly estimates to
the levels of the 1972 Census of Manufactures and the 1973 Annual Survey of Manufactures. New seasonal adjustment factors have also
been introduced. See Manufacturers' Shipments, Inventories, and Orders: 1958-76 (Revised) Series M3-1.6, available from the Bureau of the
Census.
Table 1 shows sales estimates, table 2 shows inventory estimates, and table 3 shows inventory-sales ratios.
SURVEY OF CURRENT BUSINESS
22
January 1977
Table 1.—Manufacturing and Trade Sales
[Millions of dollars]
Manufacturing
and trade
Total
Manufacturing
Manufacturing
and trade
Durable
Total
Total
Unadjusted
Nondurable
Seasonally adjusted
Unadjusted
1958
Manufacturing
Total
Durable
Manufacturing
and trade
Nondurable
Total
Seasonally adjusted
Total
Unadjusted
1964
Manufacturing
Durable
Nondurable
Seasonally adjusted
1970
Jan...
Feb__
Mar..
Apr..
MayJune..
50,740
50,102
51,862
52,524
53,513
54,486
54,173
53,102
52,493
52,286
52,457
53,315
27, 589
26,936
26,351
25,912
26,040
26,673
14,181
13,542
13,024
12,585
12,490
13,083
13,408
13,394
13,327
13,327
13,551
13,591
Jan..
Feb..
Mar._
Apr.,
May..
June.
66,852
68,630
71,846
73,685
74,399
75, 589
71,643
71,616
71,442
72,744
73,450
73,063
36,608
36,433
36,173
37,197
37,195
36, 983
19,196
19,218
18,975
19,642
19,452
19,426
17,412
17,215
17,197
17,555
17,743
17,557
Jan
Feb
Mar
Apr
May
June
96,636
98,656
104,897
104,082
106, 241
110,261
104,247
104,780
104,059
103,582
104, 757
105,293
53,612
53, 507
53,026
52,533
53,161
53,530
28.853
28.854
28,475
28,164
28,771
28,876
24,759
24.653
24,551
24,369
24,389
24.654
July..
Aug..
SeptOct__
Nov..
Dec.
51,823
54, 786
56,025
58,259
56,545
59, 740
53, 758
54,843
54,980
55,321
56, 780
57,209
26,786
27, 514
27, 708
27, 997
28, 797
28,829
12,991
13,568
13,915
14,080
14,609
14, 767
13, 795
13,946
13, 793
13,918
14,188
14,062
July..
Aug..
Sept.
Oct..
Nov..
72,016
72,446
75,551
77,007
74, 776
81,387
74,236
74,176
75,051
73, 709
74,669
77, 226
37, 787
37,437
37,918
37,311
37,904
39,343
20,006
19,660
20,043
19,262
19,969
21,101
17, 781
17, 778
17,876
18,049
17,935
18,242
July
Aug
Sept
Oct
Nov
Dec
102,811
103,936
107,461
108,109
102,486
110,921
105,681
105,355
105,887
104,131
102, 759
105,810
53,447
52,939
53,084
51,563
50,583
53,097
28,659
28,342
28,494
26,671
26,227
28,370
24, 788
24,598
24,590
24,892
24,357
24,727
Jan...
Feb..
Mar..
Apr..
May..
June..
53,883
55,409
59,260
60,809
61,565
63,291
57,833
58,621
59,379
60,322
60, 975
61,134
29,290
29,832
30,198
30,956
31,311
31,267
14,970
15,481
15, 772
16,258
16,374
16,647
14,320
14,351
14,427
14, 698
14,937
14,620
Jan..
Feb..
Mar._
Apr__
May..
June.
70,998
73,038
80,059
81,188
79,912
82, 404
77,123
77,347
78,986
79,429
79, 241
79,363
39,325
39,423
40,605
40,995
40,334
40,615
21,107
21,275
22,037
22,213
21,618
21,861
18,218
18,149
18, 568
18, 782
18,716
18, 755
Jan
Feb
Mar
Apr
May
June
98,133
102,234
111,716
112,133
113,145
118,768
107,199
108,828
109,990
110,680
111,980
113,113
53, 721
54,637
55,215
55,367
55,868
56, 738
28,65C
29,208
29,876
29,625
30,099
30, 702
25,070
25,429
25,339
25,742
25,769
26,036
July..
Aug..
Sept..
Oct..
Nov..
58,694
58,519
60,335
62,276
59,026
63,670
60,537
59,206
59,377
59, 234
59,049
60,924
30,638
29,495
29,706
29,673
29,637
31,536
15, 795
14,816
14,873
14, 973
14, 773
16, 578
14,843
14,679
14,833
14, 700
14,864
14,958
July
Aug
Sept
Oct
Nov
Dec
78,106
78,921
80,805
84,461
84,439
89, 065
80, 734
80, 550
80,662
81,693
83,254
83, 965
41,503
41,297
41,151
41,394
42,291
42,953
22, 598
22,494
22,294
22,431
23,080
23,591
18,905
18,802
18,857
18,964
19,210
19,361
July
Aug
Sept
Oct
Nov
Dec
108,779
111,703
116,029
116, 781
116, 760
121,694
112, 705
113,066
113,910
113,490
115, 703
116,503
56,427
55, 732
55,906
55,974
57,102
58,372
30,353
29,663
29,754
29,640
30,516
31,492
26,074
26,069
26,152
26,334
26, 586
26,880
Jan...
Feb..
Mar_.
Apr_.
May_.
June..
57,215
59,234
61,659
62, 723
61,091
62,948
62,107
61,713
61,274
61,637
60,649
60,604
32,186
31,609
31,445
31,123
30, 594
30, 782
17,046
16, 727
16,456
16,035
15,809
15, 799
15,140
14.882
14,989
15,088
14,785
14,983
Jan...
Feb__
Mar__
Apr._
May_.
June.
77, 780
80,642
88,760
87,922
86,949
90, 940
84,827
85,383
87,179
86,731
86, 295
87, 367
43,237
43,641
44,515
44,670
44, 706
44,916
23, 571
23,884
24,475
24,568
24,563
24,648
19, 665
19,757
20,040
20,102
20,143
20,267
Jan
Feb
Mar
Apr
May
June
107, 731
113,290
123,733
120,839
125,936
130,007
118, 463
118, 688
120,699
121,681
123,005
123,334
59,483
59,867
60,623
61,499
61,741
62,280
32,059
32,465
32,943
33,351
33,467
33,328
27,424
27,402
27,679
28,147
28,274
28,952
July..
Aug..
Sept..
Oct..
Nov..
Dec...
57,318
60,C57
61, 727
62,421
60, 797
62, 751
60,223
59,939
60,518
60,373
59, 728
59,668
30,621
30,280
30,858
30,512
30,109
30,158
15,676
15,396
15,676
15,435
15,148
15,235
14,945
14.883
15,182
15,076
14,960
14,923
July..
Aug..
Sept.
Oct_.
Nov..
82,858
87,254
89,395
90,823
89,384
93,521
87,022
88,190
88,085
88, 348
88,038
88,275
44,725
45,353
45,412
45,630
45,484
45,847
24,540
24,847
24,897
25,195
25,117
25,228
20,185
20, 506
20,515
20,435
20,367
20,619
July
Aug
Sept
Oct
Nov
Dec
117, 690
127,102
130,956
134,050
134,280
137,610
124,098
126,866
127,807
130,487
132,270
134,791
62,267
63, 567
64,330
65,316
67,056
68,332
33,584
34,234
34,529
35,277
36,253
37,061
29,334
29,801
30,040
30,803
31,271
Jan
Feb
Mar
Apr
May
June
53,638
55,555
60,812
59,296
61,307
63, 505
58,612
58,931
59,884
59,467
60,177
61,134
29,119
29,424
30,015
29, 957
30,373
30,947
14,396
14,466
14,874
15,081
15,316
15, 739
14, 723
14,958
15,141
14,876
15,057
15,207
Jan..
Feb..
Mar._
Apr__
May.
June.
81,096
83,032
90,877
88,064
90,607
93,675
88,362
87,900
88,639
88,663
89,034
89, 620
45,438
45,509
46,038
45, 756
46,160
46,167
24, 772
24,638
25,031
24,641
25,058
25,231
20, 665
20,872
21,007
21,115
21,103
20,936
Jan
Feb
Mar
Apr
May
June
126,516
131,476
144,754
142,025
147,384
150,637
137,412
140,030
141,944
141,992
143,383
143,656
69,234
70,441
71,421
71,485
72,101
72,806
37, 739
38,350
38,912
38,898
39,450
39,685
31,495
32,091
32,509
32, 587
32,652
33,121
July
Aug
Sept
Oct
Nov
Dec
57,510
62,194
63,282
65,246
64,898
66,676
60,603
62,068
62,179
63,104
63, 742
64,131
30,466
31,574
31,727
32,041
32,433
32,815
15,293
16,076
16,146
16,284
16, 656
16,982
15,173
15,498
15, 581
15, 757
15, 777
15,833
July.
Aug..
Sept.
Oct._
Nov.
84,901
90,092
91,712
92,002
93,041
97,852
89,502
90,618
90, 641
89,522
91,492
93,659
46,116
47,153
46,492
46,069
47,596
49,310
25,015
25, 873
25,272
24,598
25, 702
27,412
21,101
21, 280
21,219
21,471
21,893
21,898
July
Aug
Sept
Oct
Nov
Dec
139, 921
147, 529
147,037
155,862
155, 604
154,824
146,219
146,181
146,500
149,615
152,999
152,974
73,476
73,346
73,032
74,673
76,780
76,323
40, 385
39, 738
39,795
40,662
41,832
40,688
33, 091
33,608
33, 236
34,011
34.948
35,635
Jan
Feb
Mar
Apr
May
June
59, 712
60,860
65,959
65,851
66,884
67,390
64,443
64,423
65,310
65,461
65,429
65,041
32,838
32,949
33,458
33,416
33,253
32,968
15,905
17,079
17,532
17,434
17,289
16,930
14,905
15,871
15,926
15,982
15,964
16,038
Jan..
Feb__
Mar..
Apr..
May.
June.
87,118
90,638
95,861
96, 069
98, 731
100,059
94,305
94,370
95,292
95,275
96,256
96, 796
49,347
48,928
49,194
49,373
50,144
50, 282
27, 437
26,961
27, 361
27,284
27, 746
27, 593
21,910
21,968
21,834
22,089
22,398
22, 689
Jan
Feb
Mar
Apr
May
June
144,656
149,218
163, 559
165,364
171,053
172,018
156,452
158,635
162,069
163,759
165,672
167,073
78, 595
79, 371
81,069
82,016
84,180
84,884
41,521
42,478
42,693
43,927
44,629
37,236
37,851
38,591
39,323
40.253
40.254
July
Aug
Sept
Oct
Nov
Dec
62,143
66,052
66,024
69,604
68, 761
68,684
65,324
66,026
66,142
66,546
67,395
66, 297
33,050
33,652
33,549
33, 705
34,247
33,145
16,995
17,476
17,291
17,401
17,623
17,180
16,055
16,176
16,257
16,304
16,624
15,965
July
Aug
Sept
Oct
Nov
Dec
94,616
96,188
98,507
103,471
101,215
103,020
98,232
96, 796
98,241
99,449
99,884
99,455
51,078
49, 430
50,600
51,735
51,777
51,453
28, 286
26, 762
27,575
28, 572
28,607
28,270
22, 792
22, 669
23,025
23,163
23,170
23,183
July
Aug
Sept
Oct
Nov
Dec
165, 259
174,553
173,886
179,978
172,529
169,175
170,788
173,241
172,605
173,026
170,950
166,865
86,802
87, 706
88,076
89,508
88, 552
84,165
45,068
45,474
45,746
46,167
45, 708
43,573
41, 734
42,232
42,330
43,341
42,843
40,593
Jan...
Feb..
Mar..
Apr..
May..
June.
61,760
63,909
67,868
69,545
70,101
70,307
66, 555
67,679
67, 774
68,420
68,222
68, 792
33, 532
34,380
34,325
34,720
34, 849
35,136
17,267
17, 767
17, 708
18,087
18,191
18,375
16,264
16,613
16,617
16,634
16,658
16, 761
Jan..
Feb..
Mar__
Apr..
May.
June.
93,037
95,215
102,148
102,837
104,810
106,508
100,206
101,015
101,557
102,270
102,341
102,714
52,306
52, 541
52,801
52,906
52,780
53,283
29,108
29,313
29,403
29,210
28,820
29,179
23,198
23, 228
23,398
23,696
23,960
24,103
Jan
Feb
Mar
Apr
May
June
155,176
158,183
165, 732
168,699
172,861
175,695
166,596
168,070
164,116
167,687
167,995
170,625
83,937
83,996
82, 564
85,511
84,382
85, 787
43,058
42,864
42.242
43,406
42, 568
42,963
40,880
41,132
40,322
42,104
41,813
42,824
July..
Aug..
Sept..
Oct..
Nov..
67,454
69, 077
69,240
73,852
70,928
73,896
69,927
69,497
69,485
70,448
69,655
71,149
35,693
35,300
35, 251
35,774
35,480
36,196
18,807
18, 562
18,302
18,875
18,624
18, 780
16,886
16, 738
16, 950
16,900
16,856
17,417
July.
Aug..
Sept.
Oct__
Nov.
99,479
102,490
106, 505
110,391
104,546
109,470
103,431
103,816
104, 616
105,795
104, 770
104,870
54,177
53,972
54,364
55,057
54,259
54,251
29,593
29, 657
29,945
30,256
29,694
29,781
24,584
24,314
24,419
24,801
24,565
24, 470
July
Aug
Sept
Oct
Nov
Dec
168, 604
175, 553
180,469
186, 730
176,994
185,636
173,802
176,001
177,475
178,621
178,119
181,647
87,824
89,061
90,227
91,177
90,549
92,553
43,962
44,552
45,292
45.243
44,548
46,772
43,862
44,509
44,935
45,934
46,001
45, 781
1959
Dec.
1971
1965
1960
1972
1966
1961
Dec.
1973
1967
1962
Dec.
1974
1968
1963
Dec
Dec.
1975
1969
Dec.
SUKVEY OF CURRENT BUSINESS
January 1977
23
Table 2.—Manufacturing and Trade Inventories
[Millions of dollars]
Manufacturing
and trade
Total
Manufacturing
Manufacturing
and trade
Durable
Total
Total
Nondurable
Unadjusted
Seasonally adjusted
Unadjusted
Manufacturing
Manufacturing
and trade
Durable
Total
Total
Nondurable
Unadjusted
Seasonally adjusted
1964
1958
Manufacturing
Total
Durable
Nondurable
Seasonally adjusted
1970
86,005
87,673
87,915
87,444
86,653
86,083
85,940
50,568
51,072
50,668
50,177
49,608
49,436
30,442
31,012
30,618
30,290
29,866
29, 702
20,125
20,060
20,050
19,886
19,742
19, 734
Jan
Feb
Mar
Apr
May
June
105,334
106, 557
107,854
108,512
108,656
108,447
106,024
106,399
106,821
107,392
107, 780
108,249
60,142
60,365
60,639
60,827
61,009
61,028
36,023
36,109
36,279
36,461
36,601
36, 781
24,120
24,256
24,360
24,366
24,407
24,248
Jan
Feb
Mar
Apr
May
June
167,169
169,208
170,953
172,928
172,442
172,250
168,195
169, 272
169,754
170,928
17G, 855
171,765
),049
99,891
99,904
100,027
64,572
64,819
65,159
65,676
65,639
65,670
33,403
33,809
33,890
34,215
34,264
34,358
85,060
84,872
85,377
86,561
87,450
85,918
85, 741
85,590
85,947
86,263
86,554
87,094
49,341
49,297
49,444
49, 709
49,996
50,242
29,683
29,545
29, 760
29,939
30,095
30,259
19,659
19, 753
19,684
19,771
19,901
19,983
July
Aug
Sept
Oct
Nov
Dec
107, 754
107,631
108,885
110,283
111,894
110,401
108,476
108,865
110,024
110,009
110, 763
111, 501
61,133
61,394
61, 722
62,512
63,052
63,407
36,850
37,055
37,330
37,817
38,284
38,506
24,283
24,338
24,392
24,696
24, 767
24,901
July.....
Aug
Sept
Oct
Nov
Dec
172,182
171, 770
172,537
174, 750
176, 719
174,048
172,948
173,869
174,343
174,455
175,173
175,418
100,583
100,716
100,909
101,405
101,932
101,502
66,210
66,427
66,467
66, 705
66,993
66,648
34,372
34,289
34,442
34,700
34,940
34,854
Jan...
Feb..
Mar..
Apr..
May..
June..
86,378
87,506
88, 790
90,092
90,320
90,643
87,135
87,443
87,886
89,071
89,577
90,479
50,140
50,270
50,625
51,021
51,425
51,932
30,227
30,306
30,616
30,950
31,271
31,635
19,913
19,964
20,009
20,070
20,155
20,297
Jan
Feb
Mar
Apr
May
June
111,794
113,136
115,391
116,184
116,638
116,702
112,456
112,989
114,276
114,894
115,58C
116,437
63,667
63,903
64,246
64,470
64,849
65,358
38,696
38,933
39, 273
39,511
39,858
40,315
24,970
24,969
24,973
24,959
24,991
25,043
Jan
Feb
Mar
Apr
May
June
175,281
177,247
179,695
181,273
181,831
181,062
176,186
177,144
178,340
179,181
180,262
180,549
101, 760
101, 778
101,861
101,978
102,399
102,172
66,624
66,614
66,686
66, 776
66,958
66,621
35,136
35,163
35,175
35,201
35,441
35,552
July..
Aug..
Sept..
Oct..
Nov..
90,590
90,577
90,301
91,412
92,066
90,938
91,175
91,332
90,935
91,226
91,138
92,132
52,295
52,196
52,070
51,946
52, 225
52,948
31,899
31, 674
31,519
31,261
31,470
32,077
20,396
20,521
20, 551
20,685
20, 756
20,871
July
Aug
Sept
Oct
Nov
Dec
116,710
117,017
117,516
119,418
121,153
119, 736
117,479
118,479
118,875
119,349
120,106
120,912
66,048
66,835
67,162
67,612
68,190
40,869
41,000
41,495
41, 701
41,960
42,264
25,179
25,304
25,339
25,461
25,652
25,926
July
Aug
S3pt
Oct
Nov
Dec
180,373
179,929
181,456
184,033
185,277
183,156
181,339
182,448
183,413
183, 783
183,601
184, 756
102,082
102,023
102,283
102,698
102,674
102,490
66, 522
66,425
66,471
66,434
66,293
66,149
35,560
35,598
35,812
36,264
36,381
36,341
Jan...
Feb..
Mar..
Apr..
May..
June..
92,068
94,042
95, 747
95,806
96,129
95, 705
92,921
93,959
94,726
94, 743
95,310
95,520
53,293
53,671
53,998
54,179
54,390
54,465
32,350
32, 717
33,063
33,157
33,191
33,202
20,942
20,954
20,935
21 022
21*198
21,263
Jan
Feb
Mar
Apr
May
June
121,084
123,396
125,602
126,945
128,295
128,722
121,762
123,236
124,423
125,439
127, C16
128, 723
68,817
69,389
70,040
70,690
71,546
72,590
42,686
43,067
43,559
44,049
44,678
45,382
26,131
26,323
26,481
26,641
26,868
27,209
Jan
Feb
Mar
Apr
May
June
184,271
186,086
188,248
189,868
190,950
190,349
185,271
185,897
186,735
187,723
189,359
189,899
102, 770
103,121
103,419
103,668
104,373
104,833
66,376
66,592
66, 774
66,906
67,403
67,679
36,394
36,529
36,645
36, 762
36,970
37,154
July._
Aug..
SeptOct_.
Nov.
95,309
94,898
95,154
96,076
96,893
93,602
95,897
95,722
95,881
95,796
95,850
94,718
54,540
54,670
54,804
54,655
54,456
53,785
33,179
33,151
33,259
33,148
33,022
32,375
21,361
21,519
21,545
21,507
21,434
21,410
July
Aug
Sept
Oct
Nov
Dec
129,305
129,954
131,042
134,176
136,719
135, 549
130,060
131,491
132,643
134,189
135,605
136,789
73, 431
74,467
75,411
76,285
77,263
77,951
46,002
46,962
47,812
48,571
49,397
49,922
27,429
27, 505
27,599
27, 714
27,866
28,029
July.....
Aug
Sept
Oct
Nov
Dec
189,500
189.882
191.883
195,750
198,731
196,562
190,619
192,566
194,026
195,321
196, 655
198,045
105,275
106,447
106,793
107,300
107, 777
108,072
67,943
68,838
69,016
69,472
69,881
70,098
37,332
37,608
37, 777
37,828
37,897
37,974
Jan__
Feb._
Mar..
Apr..
May..
June.
93,599
94,295
94,505
94,556
94,413
93,780
94,430
94,211
93,678
93,683
93,754
93,663
53,736
53,688
53,429
53,421
53,416
53,421
32,142
32,014
31, 643
31,475
31,484
31,460
21,594
21,674
21,786
21,946
21,932
21,961
Jan
Feb
Mar
Apr
May
June
137,546
139,078
140,761
141,793
141,884
141,037
138,234
138,903
139,559
140,140
140,514
140,719
79,168
79,924
80,473
81,059
81,638
81,871
50,788
51,361
51,739
52,117
52,596
52,784
28,380
28,563
28,734
23,942
29,043
29,087
Jan
Feb
Mar
Apr
May.....
June
199,604
203,251
206,854
208,726
210,877
212,151
200,284
202,677
204,932
206,385
209.268
211,867
108,860
110,049
111,560
111,977
113,548
115,022
70,620
71,378
72,395
72,591
73,516
74,572
38,241
38, 671
39,165
39,386
40.031
40, 450
July..
Aug..
Sept..
Oct...
Nov_.
93,300
93,490
94,031
95,272
96,477
94,581
93,866
94,319
94,724
94,885
95,497
95,596
53,537
54,016
54,000
54,397
54,725
54,887
31,519
31,832
31,920
32,231
32,474
32,544
22,018
22,185
22,081
22,166
22,251
22,343
July
Aug
Sept
Oct
Nov
Dec
140,447
140,726
141,379
143,187
145,445
144,249
141,410
142,364
142,785
142,973
144,105
145,364
82,292
82,814
83,015
83,360
83,976
84,527
53,160
53, 615
53,659
54,023
54,542
54,885
29,132
29,198
29,356
29,337
29,434
29,641
July
Aug
Sept
Oct
Nov
Dec
212,698
213,041
215,621
220,917
226,340
226,596
214.269
216,667
218,369
220,531
223,797
227, 926
116,336
117,525
118,971
120,457
122,059
124,395
75,353
76,494
77,551
78,488
79,523
81,218
40,983
41.032
41,420
41,969
42,536
43,177
Jan...
Feb__
Mar..
Apr..
May..
June.
95,422
96,847
98,267
98,471
98,976
98,874
96,180
96,763
97,409
97,560
98,313
55,327
55,678
56,063
56,189
56,682
56,955
32,909
33,200
33,504
33,667
33,931
34,008
22,418
22.478
22,559
22,522
22,751
22,947
Jan
Feb
Mar
Apr
May
June
145,317
146,948
148,409
150,156
151,143
150,733
146,026
146,894
147,327
148,503
149,834
150,538
84,649
85,325
85, 635
86, 205
87,443
54,822
55,436
55,651
56,066
56,480
56,861
29,826
29,889
29,983
30,139
30,411
30,582
Jan
Feb
Mar
Apr
May
June
230,917
235,534
240,782
243,803
247,408
250,344
231,578
234,763
238,508
241,374
245,920
250,266
126,855
129,258
131,625
134,311
137,285
139,918
82,668
84,054
85,419
86,852
88,724
90,473
44,188
45,204
46, 206
47,459
48,562
49,445
July..
Aug_.
Sept..
Oct...
Nov..
98,545
98,758
99,649
101,251
101,994
99,948
99,188
99,671
100,393
100,908
100, 953
101,064
57,200
57,551
57,901
58,096
58,173
58,187
34,145
34, 281
34,523
34,605
34, 693
34,632
23,055
23,271
23,377
23,491
23.479
23,555
July
Aug
Sept
Oct
Nov
Dec
150,092
150,361
151,075
154,255
155,983
154,198
151,064
152,127
152,861
154,092
154,707
155,364
87,600
88,409
89,031
89,461
89,856
90,394
56,680
57,246
57,814
58,050
58,291
58, 675
30,920
31,162
31,217
31,411
31,565
31,719
July
Aug
Sept
Oct
Nov
Dec
253,537
256,040
261,926
270,805
277,039
276,776
255,290 143,413
259,812 146,590
264,740 149,752
270,628 152,176
274,380 154,711
278,386 157,971
92,682
94,500
96,569
98,352
99,644
101,780
50,731
52,090
53,183
53,824
55,067
56,191
Jan...
Feb_.
Mar_.
Apr..
May_.
June.
100,448
101,635
102,706
102,882
103,133
103,005
101,244
101,556
101,780
101,880
102,332
102,796
58,362
58,487
58,558
58,664
58,971
59,228
34,774
34,894
34,970
35,119
35,363
35,512
23,589
23,593
23,588
23,545
23,609
23,715
Jan
Feb
Mar
Apr
May
June
155,491
157,702
159,928
161,636
162,372
162,239
156,275
157,674
158,773
159,786
160,930
161,913
91,040
91,815
92,551
93,178
94,108
94,516
59,369
59,835
60,423
60,819
61,517
61,976
31,671
31,980
32,128
32,358
32,591
32,540
Jan
Feb
Mar
Apr
May
June
277,951
278, 616
278,980
278,267
275,803
273,410
278,710
277,867
276,634
275,628
274,139
273,418
159,271
159,677
159,087
158,392
157,659
156,582
102,828
103,808
103,705
103,880
103,730
103,216
56,442
55,869
55,382
54,512
53,928
53,366
July..
Aug_.
Sept..
Oct...
Nov..
102,583 103,234
102,678 103,717
103,461 104,279
105,391 105,038
106,585 105,444
104,382 105,482
59,321
59,520
59,684
59,853
59,969
60,048
35,605
35, 675
35.787
35,738
35.788
35,867
23,716
23,845
23,898
24,116
24.181
24.182
July
Aug
Sept
Oct
Nov
Dec
162,172
162, 221
163,863
166, 697
168,524
166, 947
163,050
164,072
165,370
166,603
167,215
168,297
95,345
95,851
96,496
97,043
97,529
98,Oil
62,633
62,887
63,274
63,798
64,122
64,561
32,711
32,964
33,222
33, 244
33,407
33,450
July
Aug
Sept
Oct
Nov
Dec
271,539
270,484
272,201
277,811
279,520
274,363
273,277
274,906
275,576
277,680
276,804
275,484
155,926
155,426
155,534
155,984
156,121
155, 693
102,796
101,976
101,403
101,221
101,016
100,310
53,129
53,450
54,131
54,763
55,105
55,382
Jan...
Feb..
Mar..
Apr..
May..
June..
87,911
88,063
88,376
87,696
JulyAug-.
Sept_.
Oct...
Nov..
Dec__
1965
1959
Dec.
Dec.
-
1974
1969
1963
Dec.
1973
1968
1962
Dec.
1972
1967
1961
Dec.
1971
1966
1960
97,975
1975
Table 3.—Manufacturing and Trade Inventory-Sales Ratios, Seasonally Adjusted
Manufacturing and
trade
total
Manufacturing and
trade
total
Manufacturing
Total
Durable
Nondurable
1958
Manufacturing and
trade
total
Manufacturing
Total
Durable
Nondurable
Manufacturing
Total
Durable
1970
1964
Jan...
Feb..
Mar..
Apr..
May_
June_.
1.62
1.66
1.6'
1.66
1.64
1.61
1.83
1.90
1.92
1.
1.91
1.85
2.15
2.29
2.35
2.41
2.39
2.27
1.50
1.50
1.50
1.49
1.46
1.45
Jan__
Feb..
Mar..
Apr..
May.
June.
1.48
1.49
1.50
1.48
1.47
1.48
1.64
1.66
1.
1.64
1.64
1.65
1.88
1.88
1.91
1.86
1.88
1.89
1.39
1.41
1.42
1.39
1.
.1.38
Jan__
Feb...
Mar...
Apr
May
June
1.61
1.62
1.63
1.65
1.63
1.63
1.83
1.84
1.87
1.90
1.88
1.87
2.24
2.25
2.29
2.33
2.28
2.27
July..
Aug-_
Sept..
Oct..
Nov..
1.59
1.56
1.56
1.56
1.52
1.52
1.84
1.79
1.78
1.78
1.74
1.74
2.28
2.18
2.14
2.13
2.06
2.05
1.43
1.42
1.43
1.42
1.40
1.42
July..
Aug..
Sept.
Oct..
Nov.
Dec.
1.46
1.47
1.47
1.49
1.48
1.44
1.62
1.64
1.
1.68
1.66
1.61
1.84
1.88
1.86
1.96
1.92
1.82
1.37
1.37
1.36
1.37
1.38
1.37
July....
Aug.
Sept
Oct
Nov...
1.64
1.65
1.65
1.68
1.70
1.66
1.88
1.90
1.90
1.97
2.02
1.91
2.31
2.34
2.33
2.50
2.55
2.35
1.60
1.84
2.22
1.45
1.47
1.64
1.88
1.38
1.64
1.89
2.33
1.46
1.46
1.45
1.45
1.46
1.47
1.62
1.62
1.58
1.57
1.61
1.61
1.83
1.83
1.78
1.78
1.84
1.84
1.37
1.38
1.34
1.33
1.34
1.34
1.64
1.63
1.62
1.62
1.61
1.60
1.89
1.86
1.84
1.84
1.83
1.80
2.33
2.28
2.23
2.25
2.22
2.17
1.46
1.47
1.47
1.46
1.44
1.44
1.59
1.61
1.62
1.62
1.60
1.59
1.81
1.82
1.86
1.86
1.82
1.79
1.33
1.35
1.34
1.34
1.34
1.34
1.61
1.61
1.61
1.62
1.59
1.59
1.81
1.83
1.83
1.83
1.80
1.76
2.19
2.24
2.23
2.24
2.17
2.10
1.45
1.60
1.82
1.34
1.61
1.83
2.22
1.56
1.57
1.55
1.54
1.54
1.54
1.73
1.72
1.71
1.69
1.69
1.68
2.07
2.05
2.03
2.01
2.01
2.03
1.54
1.52
1.52
1.50
1.49
1.47
1.69
1.67
1.66
1.64
1.61
1.58
2.02
2.01
2.00
1.97
1.93
1.89
1.52
1.67
2.00
Dec.
Annual.
Annual.
Annual .
1965
1959
1971
Jan...
Feb..
Mar..
Apr..
May.
June..
1.51
1.49
1.48
1.48
1.4!
1.48
1.71
1.69
1.68
1.65
1.64
1.66
2.02
1.96
1.94
1.90
1.91
1.90
1.39
1.
1.39
1.37
1.35
1.
July..
Aug..
Sept..
Oct..
Nov..
Dec.
1.51
1.54
1.53
1.54
1.54
1.51
1.71
1.77
1.75
1.75
1.76
1.68
2.02
2.14
2.12
2.09
2.13
1.93
1.37
1.40
1.39
1.41
1.40
1.40
1.50
1.70
2.00
1.38
Jan..
Feb..
Mar..
Apr..
May.
June..
1.50
1.52
1.55
1.54
1.57
1.58
1.66
1.70
1.72
1.74
1.78
1.77
1.90
1.96
2.01
2.07
2.10
2.10
1.38
1.41
1.40
1.39
1.43
1.42
Jan__
Feb..
Mar..
Apr..
MayJune .
1.44
1.44
1.43
1.45
1.47
1.47
1.59
1.59
1.57
1.58
1.60
1.62
1.81
1.80
1.78
1.79
1.82
1.84
1.33
1.33
1.32
1.33
1.33
1.34
July..
Aug..
Sept__
Oct..
No v.Dec. _
1.59
1.60
1.58
1.59
1.60
1.59
1.78
1.81
1.78
1.79
1.81
1.78
2.12
2.15
2.12
2.15
2.18
2.13
1.43
1.45
1.42
1.43
1.43
1.43
July..
Aug..
Sept.
Oct__.
Nov..
1.49
1.49
1.51
1.52
1.54
1.55
1.64
1.64
1.66
1.67
1.70
1.70
1.87
1.89
1.92
1.93
1.97
1.98
1.36
1.34
1.35
1.36
1.37
1.36
1.56
1.76
2.08
1.42
1.48
1.62
1.85
1.34
Annual.
Dec
Jan.
Feb...
Mar
Apr
May
June
July
Aug
Sept..
Oct
Nov
Dec
Annual..
1960
Jan__
Feb
Mar
Apr
May
June..
July...
Aug
Sept
Oct.
Nov..
Dec.
Annual.
1972
1966
Dec.
Annual
Jan..
Feb
Mar
Apr
May.
June
July..
Aug__
Sept.
Oct..
Nov_.
Dec.
Annual
1973
1967
1961
Jan__.
Feb..
Mar_.
Apr__
May.
June..
1.61
1.60
1.56
1.58
1.56
1.53
1.85
1.82
1.78
1.78
1.76
1.73
2.23
2.21
2.13
2.09
2.06
2.00
1.47
1.45
1.44
1.48
1.46
1.44
Jan
Feb...
Mar__.
Apr...
May..
June..
1.56
1.58
1.57
1.68
1.58
1.57
1.74
1.76
1.75
1.77
1.77
1.77
2.05
2.08
2.07
2.12
2.10
2.09
1.37
1.37
1.37
1.37
1.38
1.39
Jan..
Feb..
Mar..
Apr__
May.
June.
1.46
1.45
1.44
1.45
1.46
1.47
1.57
1.56
1.56
1.57
1.57
1.58
1.87
1.86
1.86
1.87
1.86
1.88
July..
Aug..
Sept..
Oct..
Nov__
1.55
1.52
1.52
1.52
1.50
1.49
1.76
1.71
1.70
1.70
1.69
1.67
2.06
1.98
1.98
1.98
1.95
1.92
1.45
1.43
1.42
1.41
1.41
1.41
July-.
Aug__.
Sept..
Oct__.
Nov__.
Dec...
1.58
1.57
1.58
1.60
1.58
1.55
1.78
1.76
1.79
1.81
1.76
1.71
2.13
2.07
2.12
2.20
2.12
2.00
1.38
1.37
1.38
1.37
1.34
1.35
July..
Aug__
Sept.
Oct__
Nov__
Dec.
1.47
1.48
1.49
1.47
1.46
1.49
1.58
1.60
1.63
1.61
1.59
1.63
1.87
1.92
1.95
1.93
1.90
2.00
1.54
1.74
2.04
1.43
1.57
1.76
2.09
1.37
1.46
1.58
1.89
Dec.
Annual..
1962
Annual-.
Annual—
1968
1974
Jan...
Feb..
Mar..
Apr..
May.
June..
1.49
1.50
1.49
1.49
1.50
1.52
1.68
1.69
1.68
1.68
1.70
1.73
1.94
1.94
1.91
1.93
1.96
2.01
1.41
1.42
1.42
1.41
1.43
1.43
Jan.
Feb__
Mar__
Apr__
May.
June.
1.65
1.56
1.55
1.56
1.56
1.56
1.72
1.74
1.74
1.75
1.73
1.74
2.00
2.06
2.03
2.05
2.04
2.06
1.36
1.36
1.37
1.36
1.36
1.35
Jan
Feb
Mar
Apr
May
June
1.48
1.48
1.47
1.47
1.48
1.50
1.61
1.63
1.62
1.64
1.63
1.65
2.00
2.02
2.01
2.03
2.02
2.03
July..
Aug..
Sept..
Oct.
Nov..
Dec.
1.52
1.51
1.52
1.52
1.50
1.52
1.73
1.71
1.73
1.72
1.70
1.76
2.01
1.96
2.00
1.99
1.97
2.02
1.44
1.44
1.44
1.44
1.41
1.48
July..
Aug__
Sept.
Oct..
Nov_.
Dec.
1.54
1.57
1.56
1.55
1.55
1.56
1.72
1.79
1.76
1.73
1.74
1.76
2.00
2.14
2.10
2.03
2.04
1.36
1.37
1.36
1.36
1.36
1.37
July
Aug
Sept
Oct
Nov
1.49
1.50
1.53
1.56
1.61
1.67
1.65
1.67
1.70
1.70
1.75
1.88
2.06
2.08
2.11
2.13
2.18
2.34
1.50
1.70
1.97
1.43
1.55
1.74
2.05
1.36
1.51
1.66
2.07
1.67
1.65
1.69
1.64
1.63
1.60
1.90
1.90
1.93
1.85
1.87
1.83
2.39
2.42
2.46
2.39
2.44
2.40
1.67
1.56
1.55
1.55
1.55
1.52
1.78
1.75
1.72
1.71
1.72
1.68
2.34
2.29
2.24
2.24
2.27
2.14
1.60
1.80
2.34
Annual..
Annual
1975
Jan...
Feb..
Mar__
Apr..
May.
June..
1.52
1.50
1.50
1.49
1.50
1.49
1.74
1.70
1.71
1.69
1.69
1.69
2.01
1.96
1.97
1.94
1.94
1.93
1.45
1.42
1.42
1.42
1.42
1.41
Jan
Feb.
MarAprMay.
June.
1.56
1.56
1.56
1.56
1.57
1.58
1.74
1.75
1.75
1.76
1.78
1.77
2.04
2.04
2.05
2.08
2.13
2.12
1.37
1.38
1.37
1.37
1.36
1.35
July..
Aug..
Sept..
Oct...
Nov..
Dec.
1.48
1.49
1.50
1.49
1.51
1.48
1.66
1.69
1.69
1.67
1.69
1.66
1.89
1.92
1.96
1.89
1.92
1.91
1.40
1.42
1.41
1.43
1.43
1.39
July.
Aug..
Sept.
Oct..
Nov__
Dec-
1.58
1.58
1.58
1.57
1.60
1.60
1.76
1.78
1.77
1.76
1.80
1.81
2.12
2.12
2.11
2.11
2.16
2.17
1.33
1.36
1.36
1.34
1.36
1.37
1.49
1.69
1.94
1.42
1.57
1.76
2.10
1.36
24
Annual—
1969
1963
Annu
Dec
Annual-.
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
Annual—
Nondurable
CURRENT BUSINESS STATISTICS
J.HE STATISTICS here update series published in the 1975 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
That volume (available from the Superintendent of Documents for $5.10) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1971 through 1974 (1964-74 for major quarterly
series), annually, 1947-74; for selected series, monthly or quarterly, 1947-74 (where available). Series added or significantly revised after the 1975
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. Unless otherwise noted, revised monthly data
for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 187-88. Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
OF CURRENT BUSINESS.
1973
Unless otherwise stated in footnotes below, data
through 1974 a n d descriptive notes a r e a s shown in
the 1975 edition of B U S I N E S S STATISTICS
1975
1974
IV
Annual total
1974
1973
i
| n
1976
1975
III
|
IV
I
II
III
IV
I
II
III
IV v
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTt
Gross national product, totalf
bil.$_. 1,306.6 1,413.2
1, 616. 3
1,355.1 1,372.7 1,399.4 1,431.6 1,449.2
1,446.2 1,482.3 1,548.7 1,588.2 1,636.2 1,675.2 1,709.8 1,748.5
1,088.5 1,117.5
Personal consumption expenditures, total..do
809.9
887.5
973.2
833.1
853.3
878.7
906.8
911.1
933.2
960.3
987.3 1,012.0 1,043. 6 1,064.7
Durable goods, total 9
do
Motor vehicles and parts
do
Furniture and household equipment...do
Nondurable goods, total 9
do
Clothing and shoes
do
Food
do
Gasoline and oil
do
123.7
55.2
50.7
121.6
47.9
54.7
131.7
53.2
57.6
121.1
50.7
52.0
118.6
46.2
53.7
122.5
48.5
54.9
128.0
53.0
55.7
117.4
43.7
54.4
122.1
47.6
54.6
127.0
49.5
57.0
136.0
56.3
58.2
141.8
59.2
60.6
151.4
68.0
61.2
155.0
70.4
62.3
157.6
71.7
62.9
161.2
72.4
65.1
333.8
61.3
168.1
27.8
376.2
65.1
189.9
36.3
409.1
70.0
209.5
38.9
348.1
62.8
175.2
30.2
360.6
64.2
181.5
31.8
371.9
65.0
186.4
36.2
383.8
66.2
193.7
38.0
388.5
65.0
198.0
39.3
394.4
66.6
203.2
37.9
405.8
69.3
207.8
38.6
414.6
71.3
211.8
39.2
421.6
73.0
215.2
39.9
429.1
73.5
219.2
40.1
434.8
73.2
223.1
40.3
441.8
75.9
225.2
41.6
455.5
78.5
230.4
43.6
Services, total9
Household operation
Housing
Transportation
do
do
do
do
352.3
50.2
123.2
27.9
389.6
56.1
136.4
31.1
432.4
63.9
150.2
34.0
363.8
51.6
128.1
28.6
374.1
52.8
131.8
29.7
384.3
55.3
134.6
30.6
394.9
57.5
137.8
31.6
405.2
59.1
141.3
32.5
416.7
61.2
145.0
33.3
427.4
63.7
148.4
33.6
436.7
65.0
151.8
34.1
448.6
65.9
155.8
35.0
463.2
68.4
159.7
36.5
474.9
69.6
163.9
37.0
489.1
72.8
167.8
37.8
500.8
75.4
171.7
38.6
Gross private domestic investment, total...do
220.0
215.0
183.7
231.5
216.4
218.8
213.3
211.5
172.4
164.4
196.7
201.4
229.6
239.2
247.0
249.0
241.1
165.5
57.5
108.0
Fixed investment
Nonresidential
Structures
Producers' durable equipment
do
do
do
do
202.1
136.0
49.0
87.0
204.3
149.2
54.1
95.1
198.3
147.1
52.0
95.1
202.5
140.3
51.2
89.1
203.8
145.1
52.4
92.7
205.8
149.0
54.8
94.2
206.0
150.9
54.1
96.8
201.7
151.9
55.2
96.7
194.6
148.0
53.1
94.9
194.3
145.8
51.2
94.6
198.6
146.1
51.8
94.3
205.7
148.7
52.1
96.6
214.7
153.4
53.2
100.2
223.2
157.9
54.9
103.0
231.9
163.0
56.0
107.0
Residential
Change in business inventories
Nonfarm
do
do
do
66.1
17.9
14.7
55.1
10.7
12.2
51.2
-14.6
-17.6
62.1
29.0
23.7
58.7
12.6
14.5
56.8
13.0
13.9
55.0
7.3
7.4
49.8
9.7
12.9
46.6
-22.2
-25.6
48.6
-30.0
-31.2
52.6
-2.0
-4.2
57.0
-4.3
-9.5
61.3
14.8
12.7
65.3
16.0
17.3
68.9
15.1
15.6
75.6
7.9
Net exports of goods and services
Exports
Imports
do
do
do
7.1
101.6
94.4
7.5
144.4
136.9
20.5
148.1
127.6
12.7
115.0
102.3
15.0
133.2
118.2
3.9
142.2
138.3
2.9
148.4
146.5
8.1
153.8
145.7
15.0
147.5
132.5
24.4
142.9
118.5
21.4
148.2
126.8
21.0
153.7
132.7
8.4
154.1
145.7
9.3
160.3
151.0
4.7
167.7
163.0
5.2
165.6
160.4
Govt. purchases of goods and services, total-do
Federal
do
National defense
do
State and local
do
269.5
102.2
73.5
167.3
303.3
111.6
77.3
191.6
339.0
124.4
84.3
214.5
277.8
104.4
74.4
173.5
288.0
106.1
74.9
181.9
298.0
108.9
75.9
189.1
308.6
113.5
78.2
195.1
318.5
118.1
80.2
200.4
325.6
120.3
82.0
205.3
333.2
122.4
83.4
210.9
343.2
124.6
84.6
218.6
353.8
130.4
87.1
223.4
354.7
129.2
86.2
225.5
362.0
131.2
86.9
230.9
369.6
134.5
88.5
235.0
376.8
138.9
91.3
238.0
do
do
__do
do
do
do
1,288.6
580.9
229.6
351.3
560.5
147.2
1,402.5
629.0
240.2
388.9
626.6
146.9
1,531.0
696.3
266.5
429.8
692.5
142.1
1,468.4 1,512.3 1,550.6 1,592.5 1,621.4 1,659.2 1,694.7
751.0
727.5
742.4
664.8
691.0
724.0
705.4
301.4
286.3
295.8
280.6
249.5
263.8
272.0
449.6
441.1
446.6
443.3
415.3
427.2
433.4
781.5
742.6
759.6
719.5
666.3
684.2
700.2
162.2
151.3
157.3
149.1
137.2
137.1
145.0
1,740.6
771.2
306.3
464.9
801.4
168.0
do
do
do
17.9
10.9
7.0
10.7
7.1
3.6
-14.6
-12.1
-2.6
15.1
6.8
8.3
7.9
8.5
-.5
bil.$.. 1,235.0
By major type of productrf
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services
Structures
_
Change in business inventories
Durable goods
Nondurable goods
1,326.1 1,360.0 1,386.4 1,424.2 1,439.4
643.0
599.8
621.9
642.8
608.4
247.6
230.7
232.3
240.6
240.2
369.0
395.4
376.1 381.3
402.6
580.1 605.1
633.8
614.6
652.8
146.2
146.5
147.4
150.0
143.8
29.0
12.1
16.9
12.6
6.6
6.0
13.0
2.2
10.8
7.3
5.1
2.3
9.7
14.5
-4.7
-22.2
-15.4
-6.8
-30.0
-15.3
-14.7
-2.0
-7.0
5.0
-4.3
-10.6
6.3
14.8
-3.6
18.5
16.0
5.4
10.6
GNP in constant (1972) dollarsf
Gross national product, totalf
Personal consumption expenditures, total..do
Durable goods
Nondurable goods
Services
do.
do..
do..
1,161.1 1,177.1 1,209.3 1,219.2 1,246.3 1,260.0 1,272.2 1,281.5
1,214.0
1,191.7
767.7
759.1
770.3
765.9
761.8
761.9
764.7
748.1
754.6
767.5
775.3
783.9
800.7
808.6
815.7
826.6
121.8
309.3
336.5
112.3
303.5
343.4
111.9
306.1
352.4
118.1
308.0
339.7
114.9
305.1
341.8
115.0
304.0
342.9
116.1
304.9
343.7
103.1
299.8
345.1
106.0
300.6
348.0
108.4
307.2
351.8
115.1
306.8
353.4
118.0
309.5
356.4
124.3
314.6
361.8
125.2
317.6
365.8
126.2
318.9
370.6
127.0
325.5
374.2
1,242.6 1,230.4 1,220.8 1,212.9 1,191.7
207.2
182.0
137.8
211.8
194.8
187.9
176.2
169.1
129.3
126.2
148.7
147.0
167.1
171.7
175.2
173.7
Fixed investment
Nonresidential
Residential
Change in business inventories
do
do
do
do
190.7
131.0
59.7
16.5
173.5
128.5
45.0
8.5
149.8
111.4
38.4
-12.0
186.4
132.4
54.0
25.4
183.4
133.5
49.9
11.4
178.5
131.6
47.0
9.4
171.1
127.3
43.9
5.1
161.1
121.8
39.3
8.0
149.8
114.4
35.4
-20.5
147.4
110.6
36.8
-21.2
149.7
110.1
39.6
-1.0
152.5
110.5
41.9
-5.5
156.7
112.6
44.1
10.4
160.6
114.9
45.7
11.1
165.0
117.5
47.4
10.2
169.1
117.8
51.3
4.7
Net exports of goods and services
do
7.6
16.5
22.6
12.9
18.4
Gross private domestic investment, total...do
Govt. purchases of goods and services, total-do
256.4
252.5
255.4
261.0
252.0
Federal
do
96.6
95.3
95.7
95.3
94.3
State and local
do
155.9
165.2
161.1
157.7
160.1
r
Revised.
P Preliminary.
t Revised series. Estimates of national income and
product and personal income have been revised back to 1973 (see p. 24 ff. of the July 1976
15.7
15.3
16.0
16.6
23.1
22.8
24.3
14.9
14.9
17.7
20.1
265.5
265.8
263.6
261.9
265.2
256.1
262 A
257.1
259.1
257.1
256.9
97.3
98.1
96.0
95.4
95.6
97.2
94.7
95.8
95.3
94.8
95.4
167.7
168.2
167.7
166.6
166.9
168.0
161.4
161.3
163.8
162.2
161.5
SURVEY); revisions prior to May 1975 for personal income appear on p. 33 of the July
1976 SURVEY.
9 Includes data for items not shown separately.
S-l
SURVEY OF C U R R E N T B U SJLJNESIS
S-2
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes areas shown in
the 1975 edition of BUSINESS STATISTICS
1973
|
1974
|
I
Annual total
in
II
1976
1975
1974
1975
January 1977
IV
I
II
III
IV
1977
I
II
in
IV v
I
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf—Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators:t
Gross national product
Index, 1972=100..
Personal consumption expenditures
do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment:
Fixed investment
do
Nonresidential
..do
Residential
do
Govt. purchases of goods and services
Federal
State and local
National income, totalf
do.
.do.
do.
toll.
105.80
105.5
101.6
107.9
104.7
116.41
116.9
108.3
124.0
113.5
106.0
103.8
110.8
117.7
116.1
122.3
132.4
132.1
133.2
106.7
105.8
107.3
118.3
117.1
119.0
129.9
130.0
129.8
$.. 1,064.6
114.64
115.3
106.5
122.3
112.1
118.03
118.6
110.2
125.9
114.9
111.1
108.7
117.5
115.3
113.2
121.0
120.3
118.6
125.3
125.2
124.7
126.7
129.9
129.4
131.5
112.7
111.3
113.6
116.4
114.9
117.2
120.0
118.4
121.0
124.0
123.8
124.1
126.7
126.8
126.5
127. 25 111. 56
126.3
112.0
117.7
103.2
133.7
118.2
109.5
122.7
132.96
131.7
123.8
136.9
129.8
134.40
133.4
124.9
138.5
132.0
136.44
135.2
127.0
139.9
133.8
131.9
131.8
132.1
132.7
132.7
132.8
134.9
134.5
135.9
137.0
136.2
139.0
139.0
137.5
142.9
140.6
138.7
145.3
142.6
140.5
147.3
128.6
128.4
128.7
130.8
130.4
131.0
133.4
134.2
132.9
135.4
135.4
135.4
137.3
136.7
137.7
139.2
138.3
139.7
141.8
141.5
141.9
1,337.4 1,362.5
994.4 1,017.2 1,037.5 1,014. 5
921.0
881.1
897.8
861.5
197.0
188.7
191.7
185.4
724.0
692.4
706.1
676.1
143.5
136.2
139.6
132.9
775.6
161.1
614.4
113.3
912.9
792.8
173.8
619.0
120.1
935.2
811.7
177.3
634.4
123.5
963.1
836.4
182.2
654.1
126.7
85.0
24.6
60.4
86.0
23.8
62.2
85.5
23.3
62.2
81.1
17.9
63.2
24.1
62.7
95.5
29.2
66.3
97.2
28.3
69.0
93.2
21.9
71.4
100.3
27.5
72.8
96.1
21.7
74.4
97.1
20.3
76.8
20.9
20.6
21.0
21.5
21.9
22.3
22.4
22.9
23.3
23.1
23.4
24.3
91.6
95.7
87.8
81.7
74.1
69.0
86.6
105.3
105.6
115.1
116.4
122.0
97.0
12.9
84.1
46.4
17.2
81.4
14.8
66.6
39.4
15.6
80.8
14.0
66.8
39.0
12.1
75.1
14.6
60.5
37.7
10.7
69.5
13.1
56.3
31.6
9.0
72.1
13.9
58.2
29.7
8.4
91.7
12.5
79.2
43.5
14.8
111.4
12.1
99.3
57.0
24.3
112.7
12.9
99.8
55.3
21.1
121.9
14.0
107.9
61.2
23.7
125.0
13.8
111.2
66.4
30.7
130.5
14.4
116.0
67.2
29.6
6.0
11.2
7.9
6.2
5.7
14.6
6.4
9.0
6.3
10.1
5.7
11.0
5.0
5.5
7.3
6.3
9.5
6.5
9.7
6.4
8.6
7.7
9.5
6.8
115.8
48.7
67.1
27.8
39.3
127.6
52.4
75.2
30.8
44.4
114.5
49.2
65.3
32.1
33.2
126.3
50.5
75.8
29.9
45.9
126.4
53.0
73.3
30.7
42.6
138.6
57.6
81.0
31.3
49.7
119.2
48.6
70.6
31.1
39.5
94.2
40.2
54.0
31.7
22.3
105.8
44.8
61.0
31.9
29.1
126.9
54.8
72.1
32.6
39.5
131.3
57.2
74.1
32.2
41.9
141.1
61.4
79.7
33.1
46.6
146.2
63.5
82.7
34.4
48.3
10.7
7.2
150.2
65.1
85.1
35.4
49.7
-18.6
1.9
52.3
-39.8
-3.0
67.1
-11.4
-11.5
74.6
-30.4
2
59^4
-36.6
-1.9
65.9
-53.4
-3.5
70.0
-6.3
73.2
-16.5
-8.6
73.7
-7.8
-11.4
74.0
-9.0
-12.6
74.9
-12.3
-13.5
75.8
-11.5
-14.5
78.6
-14.4
-15.4
80.3
-12.6
-15.7
83.5
928.8
806.7
175.8
630.8
122.1
846.3
739.7
155.5
584.2
106.6
866.3
756.7
158.1
598.6
109.6
Proprietors' Income with inventory valuation
and capital consumption adjustments,
total
toil.
$..
Farm
do.
Nonfarm
do.
Rental income of persons with capital consumption adjustment
toil.
$.
92.4
32.0
60.4
86.9
25.8
61.1
90.2
24.9
65.3
91.2
31.6
59.6
21.6
21.0
22.4
Corp. profits with inventory valuation and capital consumption adjustments, total toil. $..
Corp. profits with invent, val. adj.:
Domestic, total
do...
Financial
do...
Nonfinancial, total 9
do...
Manufacturing, total 9
do...
Durable goods
do...
Transportation, communication, and
electric, gas, and sanitary serv
bll. $Rest of the world
do..-
99.1
84.8
90.4
16.2
74.1
44.1
24.0
76.7
14.1
62.6
36.9
11.9
8.3
6.8
..do..
do.
do.
do..
do.
do.
do.
do.
Inventory valuation adjustment
Caoital consumption adjustment
Net interest
131.29
130.3
121.8
136.4
128.0
904.0
785.8
170.0
615.7
118.2
875.8
764.5
160.4
604.1
111.3
_
130. 27
129.1
120.2
136.2
125.9
901.8
786.0
166.7
619.3
115.8
799.2
701.2
148.6
652.6
98.0
Profits before tax, total
Profits tax liability
Profits after tax
Dlvidends
Undistributed profits
125. 93 128.07
125.1
127.3
117.1
118.2
132.1
135.1
121.5
123.6
1,135.7 1,207.6 1,113.5 1,125.6 1,147.6 1,156.3 1,149.7 1,182.7 1,233.4 1,264.6 1,304.7
do
do
do
do....
do
Compensation of employees, total
Wages and salaries, total
Govt. and govt. enterprises
Other
Supplements to wages and salaries
121. 60 124.55
121.8
123.7
113.8
115.1
129.6
131.2
117.4
119.7
37.7
-20.0
-16.4
86.0
DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
toil.
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less: Personal outlays©
Equals: Personal saving^
1,422.1
1,109.7 1,136.8 1,172.5 1,194.1 1,203.1 1,230.3 1,265.5 1,299.7 1,331.3 1,362.0 1,386.0
205.3
189.5
195.8
183.8
179.8
142.2
174.0
167.4
179.3
174.5
178.3
161.3
969.5 998.0 1,015.8 L.023.8 1,088.2 1,091.5 1,119.9 1,147.6 1,172.5 1,190.2 1,216.9
948.4
1,144.0
1,089.6
1,114.3
1,068.0
1,036.2
983.6
1,011.1
935.0
956.7
930.4
875.8 901.6
72.9
82.9
75.8
79.5
104.5
80.5
83.7
67.8
67.2
80.8
67.6
72.6
$..
1,052.4
150.8
901.7
831.3
70.3
bll. $.
do.
do...
do...
99.74
38.01
19.25
18.76
112.40
46.01
22.62
23.39
112.78
47.95
21.84
26.11
24.10
9.49
4.74
4.75
28.16
11.27
5.59
5.69
28.23
11.62
5.65
5.96
31.92
13.63
6.64
6.99
25.82
10.84
5.10
5.74
28.43
12.15
5.59
6.55
27.79
11.67
5.16
6.51
30.74
13.30
5.99
7.30
25.87
10.96
4.78
6.18
29.70
12.66
5.61
7.05
30.41
13.48
6.02
7.46
Nonmanufacturing _
Mining..
Railroad
Air transportation
Other transportation.,
do...
do.
do...
!do" 11
do.
61.73
2.74
1.96
2.41
1.66
66.39
3.18
2.54
2.00
2.12
64.82
3.79
2.55
1.84
3.18
14.61
.68
.50
.47
.34
16.89
.78
.64
,61
.49
16.61
.80
.64
.43
.58
18.29
.91
.78
.48
.71
14.98
.91
.59
.44
.62
16.28
.97
.71
.47
.77
16.12
.94
.62
.50
.85
17.44
.97
.62
.43
.93
14.91
.92
.49
.26
.72
17.04
.99
.68
.42
1.02
16.93
1.04
.64
.26
.95
19.38
1.03
.54
.38
.90
16.45
1.02
.52
.32
.56
Public utilities
Electric.
Gas and other
Communication
Commercial and other
do
do...
do
do.
do...
18.71
15.94
2.76
12.85
21.40
20.55
17.63
2.92
13.96
22.05
20.14
17.00
3.14
12.74
20.60
4.38
3.85
.52
3.19
5.05
5.30
4.56
.75
3.60
5.46
5.20
4.42
.78
3.39
5.57
5.67
4.80
.87
3.78
5.97
4.42
3.84
.58
3.11
4.88
4.94
4.15
.79
3.22
5.19
5.07
4.16
.91
3.14
5.00
5.70
4.85
.85
3.26
5.52
4.79
4.18
.62
2.92
4.82
5.50
4.74
.76
3.21
5.21
5.52
4.54
.98
3.33
5.19
6.62
5.48
1.14
5.37
4.67
.70
107.27
42.96
21.43
21.53
111.40
45.32
22.50
22.82
113.99
47.04
23.08
23.96
116.22
48.08
23.28
24.80
114.57
49.05
22.86
26.20
112.46
48.78
22.59
26.19
112.16
47.39
21.01
26.38
111.80
46.82
21.07
25.75
114.72
49.21
21.63
27.58
118.12
50.64
22.54
28.09
122.55
54.78
24.59
30.20
127.87
56.23
25.23
31.00
129.38
56.99
25.52
31.47
64.31
2.80
2.10
2.13
1.63
66.08
3.07
2.42
2.21
1.84
66.94
3.27
2.68
1.84
2.16
68.14
3.56
3.05
1.81
2.71
65.52
3.76
2.39
2.09
2.82
63.68
3.78
2.70
1.60
2.75
64.76
3.82
2.75
2.12
2.99
64.98
3.82
2.39
1.65
3.56
65.51
3.83
2.08
1.18
3.29
67.48
3.83
2.64
1.44
4.16
67.76
4.21
2.69
1.12
3.44
71.64
4.03
1.98
1.51
3.34
72.38
4.22
2.22
1.45
2.67
20.16
17.47
2.68
14.01
22.84
interest
21.85
21.67
21.91
20.91
19.79
19.52
20.28
18.82
18.22
18.56
17.92
16.58
16.41
17.03
3.03
3.45
3.36
3.00
3.21
3.11
3.25
12.62
13.64
12.54
12.22
12.95
13.36
12.50
20.94
20.99
20.68
20.34 20.44
20.83
20.82
paid by consumers to business and personal transfer payments to
24.05
20.01
4.04
24.57
20.75
3.82
2 36.7,'
2 37. 26
do
do
do
do
1,153.3 1,249.7
170.4
168.8
982.9 1,080.9
910.7
996.9
72.2
84.0
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries ^
Nondurable goods Industries 1
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
_
Durable goods industries 1
Nondurable goods industries J__
Nonmanufacturing
Mining..
Railroad..
Air transportation
Other transportation
do...
do.."
do.
do...
do
do.
do.
.do.
do.
Public utilities
do.
20.97
20.12
Electric
do.
18.10
17.12
Gas and other
do
2.87
3.00
Communication
do
13.94
13.83
Commercial and other
do
21.63
21.69
•"Revised.
v Preliminary.
i Estimates (corrected for systematic biases) for Oct.uec. 19/6 and Jan.-Mar. 1977 based on expected capital expenditures of business. Expected
expenditures for the year 1976 appear on p. 29 of the December 1976 SURVEY.
2 includes
communication.
fSee corresponding note, on p. S-l.
9 Includes data for items not
snown separately.
©Personal outlays comprise personal consumption expenditures,
20.93
17.76
3.17
14.04
22.04
^&
Mar., June, Sept., and Dec. issues of the SURVEY.
K^S
i 35.26 »29. 07
12.62
15.88
5.65
7.19
6.96
8.69
2 8.67
foreigners (net).
ear in the
SURVEY OF CURRENT BUSINESS
January 1977
Unless otherwises stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of B U S I N E S S S T A T I S T I C S
1973
1975
1974
1973
Annual total
III
S-3
1974
IV
I
II
1976 v
1975
III
IV
1
III
II
IV
II
I
III
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. INTERNATIONAL TRANSACTIONS
Quarterly Data Are Seasonally Adjusted
(Credits + ; debits - )
Exports of goods and services (excl. transfers under
military grants)
mil. $_. 102,154
71,410
Merchandise, adjusted, excl. military
do
Transfers under U.S. military agency sales con2,342
tracts
mil. $..
13,997
Receipts of income on U.S. assets abroad
do
14,405
Other services
do
144,773 148,365
98,310 107,088
2,952
26,233
17,278
-98,249 -141,187
Imports of goods and services
do
-70,499 •103,679
Merchandise, adjusted, excl. military
do
- 4 , 629 -5,035
Direct defense expenditures
do
Payments of income on foreign assets in the
U.S
mil. $.. -8,819 -16, 006
Other services
.
d o — -14,303 -16,4
29,340 33,382 35,667 37,234 38,491 36,943 35,770 37,050
20,570 22,460 24,212 25,036 26,602 27,018 25,851 26,562
1,009
531
638
850
978
781
915
807
3,576 3,995 6,217
6,550 7,046 6,420 4,376 4,474 4,660
3,738 3,766 4,067 4,222 4,371
4,619
4,634 4,638 4,850
26,308
18,463
3,897
18,219
19,162
-132,049 -24,823 -26,569 -30,563 -35,613
-98,058 -17,742 -19,189 -22,605 -25,700
-4,780 -1,067 -1,162 -1,153 - 1 , 298
-12,212 -2,413 -2,511 -2,933 -4,513
-16,999 - 3 , 601 -3,707 -3,872 -4,102
38,602
27,657
1,197
4,709
5,039
38,584 40,408
26,836 28,428
1,145 1,073
5,495 5,594
5,108 5,313
42,577
29,581
1,587
5,797
5,612
-37,449 -37,562 -34,335
-32,785 -34,245 -37,526 -38,672 -41,708
-27,374 -28,000 -25,570 -22,568 -24,483 -25,437 -28,510 -29,771 -32,614
- 1 , 265 - 1 , 319 -1,317 -1,185 -1,093 -1,185 -1,150 -1,219 -1,221
-4,689 -3,871 -3,252 -2,943 -2,978 -3,039 - 3 , 216 -3,134
-4,121 -4,372 -4,196 -3,990 -4,231 -4,584 -4,650 -4,548
-3,085
-4,788
Unilateral transfers (excl. military grants), net
mil. $..
U.S. Government grants (excl. military)
do...
Other
do...
-3,883
-1,938
-1,945
-7,184 -4,620
-5,475 -2,893
-1,710 -1,727
-909
-494
-415
-1,187
-463
-724
-2,977 -1,850
-2,606 -1,399
-371
-451
-1,261 -1,098
-811
-660
-450
-438
-1,179 -1,146
-712
-748
-434
-431
-1,044
-615
-429
-1,251 -1,118
-818
-635
-433
-483
-920
-468
-452
-1,925
-1,461
-464
U.S. assets abroad, net
do..
U.S. official reserve, net
do..
U.S. Gov't, other than official reserve, net...do..
U.S. private, net
do..
Direct investments abroad
do..
-16,434
209
-2,645
-13,998
-4,968
-33,392 -31,593
-1,569
-13
-5,872
-15
-1,042
-4,814
-977
-7,915 10,013
-210
-358
1,389
267
-9,094 -9,922
-1,137 -1,485
-5,210 -10,252
-1,003
137
-354
-937
-3,854 - 9 , 453
-1,900 - 3 , 231
-8,001 -7,943
-29
-325
-840
-899
-6,777 -7,074
-1,510 -2,334
-4,411 11,238 10,007
-342
89
-773
-772
-952
-684
-3,297 10,375 -8,550
-770 -1,694 -1,757
-9,875
-1,578
-1,009
-7,288
-202
- 8 , 901
-407
-1,454
-7,040
-1,245
-1,434
-607
365 -3,463
-32,323 -27,523
-7,753 -6,307
Foreign assets in the U.S., net
Foreign official, net
Other foreign, net
Direct investments in the U.S
do..
do.
do.
do.
18,519
6,299
12,220
2,656
32,433
10, 981
21,452
2,745
Allocation of special drawing rights
Statistical discrepancy
do.
do.
-2,107
4,557
on merchandise trade
do.
on goods and services
do.
on goods, services, and remittances. _do_
on current account
do.
911
3,905
1,960
22
-5,369
3,586
1,877
-3,598
-549
15,326
6,899
8,427
2,437
2,700
-692
3,392
2,420 5,906
-2, 655 -1,072
5,075 6,977
711
1,309
11,049
4,648
6,401
1,712
7,612
3,149
4,462
31
7,867
4,256
3,611
-307
2,837
3,402
-565
476
4,570 -1,707
2,167
761
-925
2,554
3,735
-145 -1,488
2,819
54
2,448
-397
-158 -1,796
-2,338
-215
-665
-1,476
-1,398
929
491
-169
1,448
2,608
2,177
1,429
3,907
2,331
1,576
780
2,708
-1,606
4,313
5,874
2,771
3,103
1,229
5,396
3,942
1,454
-728
7,330
4,105
3,225
422
8,471
3,013
5,458
784
-1,517
2,258
4,671
1,729
1,485
2,079
4,265
3,836
3,221
2,220
4,357
3,924
3,106
-1,674 -1,343
1,058 1,736
575 1,284
816
-60
-3,033
869
405
-1,056
Sept.
Oct.
Dec,
Memoranda:
Balance
Balance
Balance
Balance
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes areas shown in
the 1975 edition of B U S I N E S S S T A T I S T I C S
1974 I 1975
Annual
9,030
16,316
14,589
11,697
721
1,485
1,070
576
1,381
2,771
2,047
1,584
1975
Nov.
3,283
5,084
4,650
3,938
1976
Dec,
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Nov.
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:t
Total personal income.
bil. $.. 1,153.3
1,249.7 1,300.2 1,308.2 1,320.8 1,331.4 1,341.9 1,352.5 1,362.9 1,370.4
298.4
232.2
209.8
883.3
303.5
235.8
213.9
883.1
303.4
236.2
212.4
892.7
306.5
238.0
214.9
897.4
306.4
238.8
216.3
903.5
307.9
239. 9
218.1
921.5
911.3
309.8 ' 314.7
240.2 r 244. 6
219. 9 221.8
930.3
317.4
246.7
223.7
172.4
185.4
67.1
174.1
186.6
67.7
175.3
187.6
68.4
177.2
188.7
69.0
177.7
189.6
69.7
180.5
190.7
70.4
183.0
191.7
71.1
184.7
192.7
71.7
185.9 r 187.9
195.7 ' 197.1
73.2
72.4
191.0
198.2
74.1
21.1
71.3
20.0
72.2
23.3
72.7
27.5
72.5
31.6
73.4
26.0
73.8
21.0
74.4
18.1
74.9
r 19.6
'76.8
22.7
78.0
765.0
273.9
211.4
184.4
806.7
275.3
211.7
195.6
836.6
285.7
220.1
202.5
844.0
288.6
222.8
203.5
854.2
292.8
227.2
206.5
861.4
294. 9
229.4
208.8
Service industries
Govt. and govt. enterprises
Other labor income
Proprietors' incomc.A
Farm
Nonfarm
.do
do
do
145.9
160.9
55.5
159.9
175.8
62.5
166.0
182.4
65.2
168.8
183.2
65.8
170.8
184.2
66.4
do
do
25.8
61.1
24.9
65.3
28.4
68.7
27.3
69.9
24.6
70.6
Rental Income of persons, with capital consumption adjustment
bil. $.
21.0
Dividends
.do...
30.8
Personal interest income...
do...
101.4
Transfer payments
do...
140.3
Less personal contributions for social insurance bil. $. 47.6
Total nonfarm income
do.
1,117.3
1,380.8 1,385.5 1,391.7 a,404.2 1,421.4 1,440.7
876.9
301.7
234.8
212.3
Wage and salary disbursements, total
do
Commodity-producing industries, total-do
Manufacturing
do
Distributive industries
do
22.7
22.4
23.4
23.2
23.4
22.9
23.3
22.9
23.3
35.9
32.1
33.9
32.9
33.3
32.9
33.4
30.8
33.0
121.5
110.7
116.7
114.4
117.9
120.0 120.7
115.5
119.3
186.8
175.2
185.3
182.1
189.2
188.7 187.1
183.4
191.3
54.3
50.0
54.4
53.1
51.0
53.4
54.1
51.4
53.7
1,213.4 1,260.0 1,269.1 1,284.4 1,298. 6 1,310.1 1,317.3 1,323.3 1,326.6
23.2
23.4
35.4
35.2
125.2
123.0
192.9
191.3
55.2
54.9
1,342.5 1,351.8
' 18.6
75.4
23.6
24.3
24.0
24.7
36.5
35.6
40.5
36.1
128.7
129.6
126. 9 127.8
198.1
192. 9 194.4 r 197. 3
57.3
55.5
55.9 '56.7
1,360.8 1,372.7 1,388.6 1,404. 6
FARM INCOME AND MARKETING*
Cash receipts from farming, including Government
payments, total*
mil. $.
Farm marketings and CCC loans, total
Crops
Livestock and products, total 9
Dairy products
Meat animals
Poultry and eggs.
do .
.do..
do.
do.
do..
do..
Indexes of cash receipts from marketings and CCC
loans, unadjusted:*
All commodities
1967 = 100
Crops
do
Livestock and products
do
93,178
90,370
9,196
8,120
8,584
6,442
6,243
6,305
6,179
7,834
7,878
7,664
10,480
92,648
51,271
41,377
9,445
25,193
6,253
89,563
46,661
42,902
9,866
25,811
6,739
9,147
5,344
3,803
847
2,322
601
8,043
4,260
3,783
923
2,246
572
8,501
4,657
3,844
957
2,270
578
6,389
2,663
3,726
890
2,268
530
6,211
2,318
3,893
978
2,342
538
6,253
2,150
4,103
960
2,555
541
6,163
2,253
3,910
1,012
2,257
592
7,815
3,751
4,063
980
2,460
576
7,839
4,030
3,809
978
2,146
640
7,593
3,739
3,854
911
2,253
648
8,432 10,411
4,498
6,288
3, 934 4,123
862
908
2,347 2,597
625
640
216
278
170
209
253
176
256
348
187
225
277
186
303
189
179
173
183
174
151
192
175
140
202
173
147
192
219
244
200
220
262
187
213
243
190
Indexes of volume of farm marketings, unadjusted:*
All commodities
1967=100..
Ill
115
146
125
130
Crops
..do....
121
128
196
154
162
Livestock and products
do
104
106
110
105
107
r
Revised.
v Preliminary.
fSee corresponding note on p . S-l. AIncludes inventory valuation and capital consumption adjustments.
{Series revised beginning 1973;
99
90
105
revisions
Research
236
293
194
292
409
203
9,672
• 9,582
•5,780
• 3, 802
'878
• 2,297
'588
'269
'376
'187
116
119
115
130
167
94
'157
92
91
127
127
148
216
119
74
70
209
113
108
117
132
113
110
106
'120
for periods prior to May 1975 are available from the U.S. Dept. of Agr., Economic
Service.
9 Includes data for items not shown separately.
S-4
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1974
1975
1976
1975
Nov.
Annual
January 1977
Dec.
Jan.
Feb.
Mar.
Apr.
May-
June
July
Aug.
Sept.
Oct.
Nov. p Dec. c
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTIONS
Federal Reserve Board Index of Quantity
Output
Not Seasonally Adjusted
1967=100..
129.3
117.8
123.8
119.8
122.1
127.9
128.6
128.7
129.9
133.5
126.0
131.7
134.6
134.1
132.4
128.0
do
do
do
do
do
do
.do
do
127.3
125.1
128.9
135.3
126.3
120.0
135.3
132.4
119.3
118.2
124.0
121.4
125.1
110.2
123.1
115.5
124.0
122.2
130.4
134.1
128.9
110.9
130.5
123.5
118.7
117.2
122 6
122.5
122.7
109.7
124.1
121.3
121.1
120.2
128.0
131.1
126.8
109.5
124.5
123.7
127.0
125.7
135.0
141.9
132.2
113.0
131.8
129.6
127.5
125.8
135.1
144.0
131.6
113.1
133.6
130.3
127.4
125.3
135.1
145.0
131.1
111.8
135.2
130.8
128.6
126.6
136.7
147.4
132.5
112.7
136.1
132.0
133.2
131.3
142.6
151.8
138.9
115.6
140.1
133.9
126.0
123.3
130.9
125.3
133.2
112.9
136.2
126.0
131.9
129.1
139.8
134.2
142.1
114.5
142.0
131.7
135.9
133.5
144.7
143.2
145.3
118.0
145.1
132.5
134.8
132.4
143.9
148.6
142.0
116.5
143.5
133.2
132.2
129.9
138.5
147.2
135.2
117.8
140.7
132.8
126.4
124.3
130.7
136.7
128.3
115.7
134.1
130.2
do.
128.7
128.5
127.9
129.8
134.6
132.6
129.9
128.4
127.6
130.1
131.1
136.7
134.4
131.1
130.7
134.9
do.
do.
do.
129.4
134.6
125.7
116.3
126.4
109.3
123.2
136.6
113.9
118.3
129.4
110.7
120.4
131.5
112.8
127.4
138.8
119.5
128.4
140.0
120.4
128.8
139.9
121.2
128.4
135.8
123.4
133.8
145.5
125.8
125.8
137.0
118.1
131.3
145.4
121.6
134.6 ' 134.6
149.3 ' 148.8
124.4 ' 124. 6
132.4
144.0
124.3
126.9
136.4
120.3
129.3
117.8
123.5
124.4
125.7
127.3
128.1
128.4
129.6
130.1
130.7
131.3
130.8 ' 130.4
131.9
132.8
127.3
125.1
128.9
119.3
118.2
124.0
123.8
122.3
131.1
124.9
123.5
132.3
126.0
123.9
133.1
127.4
125.3
134.9
128.1
126.4
136.1
128.0
126.3
136.1
128.9
127.3
137.4
129.5
127.6
137.8
129.8
127.6
136.8
130.3
128.3
137.5
129.7
127.4
136.2
' 129.7
127.3
' 136. 9
131.6
129.5
138.7
133.1
131.2
141.1
do_.
do..
...do..
do_do..
135.3
132.8
121.0
107.9
162.6
121.4
125.9
113.7
101.1
156.6
132.5
143.2
134.7
120.9
164.9
134.0
147.7
140.0
122.8
167.0
134.7
142.8
133.4
118.9
167.4
137.9
148.9
142.0
125.8
166.5
140.4
155.1
149.5
133.6
169.5
141.1
155.2
152.1
134.3
163.1
143.2
154.0
153.4
134.4
155.6
144.2
156.6
156.6
137.5
156.9
141.8
155.9
155.9
135.0
156.0
143.7
158.4
158.2
137.7
158.4
138.4
147.4
139.1
120.9
168.6
' 138.6
' 147. 7
' 138.4
121.5
' 171. 2
143.7
161.9
155.8
139.1
177.4
150.1
178.1
178.4
159.7
177.8
Home goods
.do..
Appliances, air cond., and TV__.do..
Carpeting and furniture
do..
136.8
127.0
145.2
118.8
98.0
126.8
126.5
100.9
144.7
126.4
101.1
142.0
130.3
107.8
144.8
131.7
112.6
145.6
132.0
114.6
141.4
133.1
117.2
143.0
137.2
123.5
142.6
137.4
123.8
142.5
133.8
110.3
142.0
135.6
119.1
145.0
133.3 ' 133.5
111.4
113.3
146.3 ' 147.0
133.5
112.6
145.7
134.3
112.8
do..
do..
do..
do..
.do..
126.3
117.1
128.9
122.7
136.1
125.1
111.6
128.8
122.8
135.8
130.6
123.2
132.5
127.6
138.2
131.5
123.9
133.6
127.2
141.0
132.5
127.4
133.9
128.5
140.2
133.9
127.6
135.7
129.9
142.3
134.4
130.1
135.5
129.1
143.3
134.0
129.6
135.2
128.4
143.3
135.1
132.1
135.8
129.8
142.7
135.1
127.9
137.1
130.8
144.5
134.8
126.3
137.2
131.4
143.9
134.9
123.2
138.1
131.9
145.3
135.3 ' 136.3
123.0
125.1
138.7 ' 139.4
133.0 '134.7
145.4
144.6
136.8
137.4
140.0
133.6
147.4
140.7
Equipment
...do..
Business equipment
..do..
Industrial equipment 9
_do.
Building and mining equipment- _do.
Manufacturing equipment
do.
120.0
142.4
129.9
159.7
113.1
110.2
128.2
121.2
168.3
99.9
110.0
129.6
123.0
174.9
99.9
111.5
131.6
124.5
172.9
101.3
111.2
131.0
123.5
171.4
101.2
112.1
132.6
124.0
171.5
102.7
112.9
134.0
125.6
172.1
104.4
112.9
134.1
125.3
170.7
105.4
113.5
134.6
126.9
174.6
106.4
113.8
135.0
127.4
174.9
106.5
114.9
136.9
127.5
176.9
107.2
115.7
137.7
128.1
179.8
107.2
115.2
137.5
129.8
180.4
108.6
' 114.4
' 136. 0
' 130.4
' 179.8
'109.1
116.7
139.5
130. 6
179.9
109.0
117.7
140.9
131.9
181.0
109.6
156.7
182.4
119.1
136.3
157.8
101.9
137.2
159.5
102.8
139.7
164.4
102.9
139.7
165.0
100.2
142.4
166.6
103.7
143.7
168.5
104.7
144.6
170.0
105.6
143.7
169.5
104.2
143.8
171.4
102.9
147.7
174.1
107.6
148.7
176.2
106.6
146.1
176.8
'99.3
' 142.5
' 177.5
'97.5
150.0
179.8
106.0
151.3
181.6
107.0
'77.7
Total index
_
By market groupings:
Products, total. __
Final products
Consumer goods
Durable consumer goods
Nondurable consumer goods
Equipment
Intermediate products
Materials
By industry groupings:
Mining and utilities..
Manufacturing.
Nondurable manufactures
Durable manufactures
Seasonally Adjusted
Total index
By market groupings:
Products, total
Final products
Consumer goods
1967=100..
_
Durable consumer goods
Automotive products
Autos and utility vehicles
Autos
Auto parts and allied goods
Nondurable consumer goods
Clothing
Consumer staples._.
Consumer foods and tobacco
Nonfood staples
do.
do.
do.
Commercial, transit, farm eq. 9
do...
Commercial equipment
.do...
Transit equipment
..-do.-Defense and space equipment
Intermediate products
Construction supplies
Business supplies
Materials
Durable goods materials 9
Durable consumer parts
Equipment parts
Nondurable goods materials 9
Textile, paper, and chemical.
Energy materials
By industry groupings:
Mining and utilities
Mining
Metal mining
Coal
Oil and gas extraction 9
Crudeoil
Naturalgas
Stone and earth minerals
149.3
do...
82.4
80.0
77.3
77.7
78.0
77.6
77.4
77.3
78.2
78.3
78.0
78.6
78.5
78.3
78.6
..-do.-do...
do...
135.3
134.5
136.0
123.1
116.3
129.8
129.3
123.1
135.4
129.9
124.1
135.9
133.6
126.8
140.3
135.3
129.6
140.9
134.9
128.7
141.2
134.7
128.0
141.3
135.0
130.9
139.0
135.9
131.8
140.1
137.6
133.1
142.1
137.8
134.1
141.5
138.7 ' 138. 4
134.3 ' 134.1
143.0
142.6
139.3
135.5
142.9
140.4
137.4
do.
do.
._do.
...do.
do.
do.
do.
132.4
132.7
117.5
146.5
142.6
148.0
119.2
115.5
109.1
97.7
118.9
126.6
129.0
117.2
123.1
115.2
109.3
122.3
141.3
146.2
119.7
123.3
115.5
111.6
123.9
142.6
147.9
118.7
125.3
118.3
111.7
125.7
142.9
147.5
120.6
127.3
121.6
116.7
127.5
145.5
150.5
118.8
128.2
122.4
118.5
128.5
146.7
152.7
119.6
129.2
124.5
119.2
130.5
146.9
152.2
118.8
130.6
126.8
123.0
133.0
146.2
150.9
120.6
131.1
127.0
123.1
134.0
147.5
151.8
120.6
132.2
130.6
126.1
136.3
146.0
150.5
119.5
133.0
131.4
125.1
138.0
146.1
150.6
120.5
132.5
130.0
123.5
138.3
147.8
152.6
119.6
' 131. 6
' 128. 5
'119.4
' 138. 0
' 147. 0
' 151.8
' 120.1
132.3
129.1
126.0
138.3
148.1
152.4
120.7
132.3
128.1
125.4
139.0
148.6
153.1
122.2
do.
_ do.
do.
do.
128.7
115.3
125.6
106.4
128.5
112.8
115.8
113.4
130.5
114.2
118.1
125.6
129.2
112.9
117.9
109.9
131.8
113.6
122.2
111.2
131.5
112.7
124.2
109.6
131.6
113.9
122.3
114.4
131.2
113.5
124.3
114.4
132.0
113.0
118.3
119.2
131.9
114.4
118.3
122.7
130.6
112.5
121.
104.8
131.8
114.4
127.5
112.
133.3
116.8
129.7
125.1
134.7
116.8
...do.-do...
do...
do...
114.4
99.7
120.7
121.5
113.3
94.9
111.0
107.0
112.3
94.0
108.1
112.1
113.1
94.3
109.6
111.5
112.5
94.8
108.0
117.1
110.1
91.2
106.2
120.0
111.9
93.2
106.5
119.3
111.3
93.1
107.8
117.5
110.8
91.1
110.5
116.7
112.3
92.5
113.0
116.5
112.0
92.0
112.7
116.5
112.3
91.9
109.9
119.0
' 133.1
' 117.4
' 127. 4
' 132. 3
113.3 ' 113.6
'93.2
'92.9
107.7
119. 2 ' 120.0
151.2
167.2
150.8
167.2
151.3
168.5
150.1 ' 150.8
167. 8
151.9
154.4
130.2
141.3
130.5
107.8
112.3
153.4
131.0
141.1
131.8
109.8
113.6
162.2
131.6
140.9
133.
117.0
114.4
163.6
130.7
142.6
' 135.7
117.3
115.4
' 162.5
'
'
'
'
130.0
142.3
136.1
116.0
114.7
r 164. 2
131.8
143.4
135.8
115.9
116.3
159.6
132.6
144.2
131.9
115.7
123.6
121.3
113.4
93.0
123.5
113.7
121.2
Utilities
Electric
Manufacturing..
Nondurable manufactures.
Foods 9
Meat products
_
. Dairy products
Beverages
do.
do.
do..
do..
do..
do..
do..
do.
143.7
154.9
146.0
160.8
148.8
165.5
147.2
162.3
152.0
167.4
152.5
168.7
151.4
167.3
150.8
165.7
129.4
134.6
124.0
110.1
107.6
143.0
116.3
126.4
123.4
102.6
109.3
145.8
122.7
136.2
128.8
101.5
112.4
151.8
123.6
136.9
128.5
104.1
112.3
153.0
125.2
138.4
129.2
104.3
112.8
154.0
127.0
140.2
130.8
108.5
112.5
157.6
127.
140.7
128.3
114.0
113.0
144.3
128.5
140.7
129.2
107.7
113.6
149.2
153.0
169.8
129.6
140.
131.2
103.7
112.8
157.8
Tobacco products
Textile mill products
Apparel products..
Paper and products
..do...
do...
do
do
109.8
132.8
114.3
134.5
111.8
122.3
107.6
116.3
118.5
141.6
118.3
127.7
116.0
139.0
121.2
129.5
117.3
137.6
123.8
130.3
118.8
138.7
128.0
133.0
122.4
136.4
126.3
132.2
115.4
135.7
126.1
133.
114.5
138.0
130.3
134.0
115.4
138.1
126.8
139.1
114.5
136.8
125.6
132.0
114.
135.1
123.7
134.6
115.4
118 3
' 135. 7 ' 134. 2
' 122.5
126.6
132.1 ' 132.3
132.8
132.4
132.3
do___
do...
...do
118.2
159.4
153.3
113.4
147.3
136.0
115.4
161.9
148.2
118.4
163.3
149.0
120.0
162.9
150.8
121.0
167.6
154.7
121.0
170.
159.5
122.0
168.7
160.5
120.5
166.6
159.2
119.7
170.0
159.8
122.0
167.6
156.2
120.6
170.4
160.5
'r 120. 6 '119.2
170.5 ' 170.1
r 162. 2 ' 159. 9
121.3
172.8
162.2
122.0
124.1
Petroleum products
do.._
124.9
125.7
124.7
126.3
166.7
Rubber and plastics products
.do...
185.2
188.4
185.3
195.2
76.5
Leather and products
do.
87.7
83.2
86.0
78.1
' Revised,
p Preliminary.
c Estimated.
d"Monthly revisions back to 1967 will be
shown later.
9 Includes data for items not shown separately.
129.1
196.7
86.1
131.8
203.5
86.0
131.6
198.2
87.7
132.7
185.6
91.4
135.1
189.1
84.0
134.1
191. 2
81.1
133.8
186.1
77.3
' 134.1 ' 129.4
212.4 ' 208.9
77.9 ' 7 7 . 2
134.0
213.0
75.5
136.1
Printing and publishing
Chemieals and products
Basic chemicals
SURVEY OF CURRENT BUSINESS
January 1977
Unless otherwise stated in footnotes below, data
through 1974 a n d descriptive notes are as shown in
the 1975 edition of B U S I N E S S S T A T I S T I C S
1974
1975
1975
Annual
S-5
Nov.
1976
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.p
Dec*
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION!—Continued
Federal Reserve Board Index of Quantity
Output— Continued
Seasonally Adjusted—Continued
By industry groupings—Continued
Manufacturing—C onti nued
Durable manufactures
Ordnance, pvt. and govt
Lumber and products
Lumber
..
1967=100.
...do...
...do...
do...
125.7
78.9
116.2
99.8
109.3
76.6
107.6
93.9
113.4
70.0
114.1
101.6
114.4
70.1
116.4
97.1
115.8
69.9
123.5
108.7
117.9
69.5
123.9
105.1
119.0
69.5
121.1
101.2
120.1
69.1
122.8
102.6
121.7
71.4
123.0
107.2
122.3
73.1
120.3
97.8
124.2
74.0
124.6
106.8
125.1
73.9
128.1
111.3
' 122.4
73.2
128.7
106.5
' 121.4
'73.3
• 130.7
116.4
123.8
73.3
131.7
124.7
73.5
Furniture and fixtures
Clay, glass, and stone products
Primary metals
Iron and steel
Basic iron and steel
Steel mill products
Nonferrous metals
do...
do_._
_..do...
do.._
do...
do...
do_..
137.6
133.1
123.1
119.8
113.4
127.0
129.0
118.2
117.9
96.4
95.8
92.9
99.5
97.5
128.7
127.5
98.1
96.5
88.3
101.1
101.0
130.3
129.4
92.6
89.1
86.8
91.7
99.0
132.7
128.6
98.1
92.9
89.7
93.9
107.5
134.1
128.5
103.9
100.9
93.8
107.3
109.3
130.6
133.7
101.4
97.7
96.3
101.4
108.2
131.7
132.7
105.4
103.5
99.0
107.8
109.0
131.0
133.9
113.2
110.7
103.4
119.1
117.3
130.1
136.1
111.5
110.0
107.9
119.9
113.9
131.6
137.2
116.9
115.3
111.0
121.8
119.9
134.4
138.1
118.6
116.2
111.6
120.9
123.0
133.0
• 138.4
114.1
110.3
106.7
109.3
120.6
• 134.5
•138.4
109.8
' 105.1
'99.3
109.3
' 118.1
134.3
140.5
106.7
102.7
95.1
100.7
112.2
100.4
96.6
Fabricated metal products.._
Nonelectrical machinery
Electrical machinery
__.do.
_do.
do.
124.2
140.1
143.8
109.9
125.1
116.5
116.3
126.6
120.1
117.3
128.6
122.7
116.6
129.0
124.7
120.9
131.5
126.5
120.2
132.9
127.8
121.5
133.5
130.0
121.4
134.0
131.8
124.0
133.5
132.0
124.6
135.0
131.0
125.8
136.4
135.3
• 126. 6 • 123.5
134.4
136.8
• 133. 7 134.8
126.2
137.2
135.6
126.6
138.0
137.0
Transportation equipment
Motor vehicles and parts
Aerospace and misc. trans, eq
do.
do.
do.
108.7
128.2
90.4
97.4
111.1
84.5
104.7
127.1
83.6
106.7
130.1
84.7
105.8
126.7
86.1
109.0
135.2
84.3
111.2
140.8
83.3
110.6
141.3
81.7
112.9
144.3
83.3
112.6
146.5
80.7
113.3
148.5
80.3
115.0
150.6
81.5
104.4 • 104.3
• 130. 2 • 128.3
'80.1
81.6
113.0
145.6
82.3
120.0
159.3
83.0
Instruments
do .
144.1
132.3
136.4
140.9
142.0
141.8
144.4
145.4
149.0
149.5
151.3
149.6
150.4
152.0
148.7
• 150.3
BUSINESS SALES §
mil. $_ '2,001,248 '2,070,305 '176,994 '185,636 '170,181 '177,086 193,667 194,708 '193,149 '201,796 188,022 193,806 '198,983
Mfg. and trade sales (unadj.), totalf
198, 215
do-_.
2,001,248 ^,070,305 '178,119 '181,647 '183,818 186,968 '190,224 191,745 190,800 193,700 193,704 194,672 194,261 192,963 196,942
Manufacturing, totalt
Durable goods industries
Nondurable goods industries
Retail trade, totalcf
Durable goods stores
Nondurable goods stores
do...
do...
do...
do...
do._.
do...
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
do
do
do
'1,046,882 • 90,549 92,553 ' 94,067 • 95,551 ' 97,786 • 98,519
526,950 44,548 46,772 47, 289 48,430 50,382 50,146
519, 932 46,001 45,781 46,
778 47,121 47,404 48,374
537,782 584,423 50,552 51,734 51,592 52,601 53,344 53,696
167,313 180,725 15,904 16,690 16,730 17,397 17,403 18,046
370,469 403,698 34,648 35,044 34,862 35,204 35,941 35,650
i 448,127 439,000 37,018 37,360 38,159 38,816 39,094 39,530
202,341 185, 922 15,779 16,128 16,754 17,052 17,006 17,029
245,786 253,078 21,239 21, 232 21,405 21,764 22,088 22,501
Mfg. and trade sales (seas, adj.), totalf
528,512
486,829
1
• 98,546 98,937 • 99,334 • 99,448 • 98,780 97,653 100,458
50,558 50,606 51,090 51,648 50,060 49, 267 51,365
47,988 48,331 48, 244 47, 799 48, 720 48,386 49,093
52,868
17,419
35,449
53,983
17,803
36,180
53,754
17,699
36,055
54,643
18,208
36,435
54,100
17,481
36,619
54,634
17,559
37,075
55,657
18,202
37,455
39,386
17,144
22,242
40,780
17,615
23,165
40,616
17,457
23,159
40,581
17,926
22,655
41,381
18,104
23,277
40,676
17,755
22,921
40,827
18,024
22,803
BUSINESS INVENTORIES §
Mfg. and trade inventories, book value, end of year
or month (unadj.), totalf
mil. $..
276,776 ' 274,363 '279,520 '274,363 •276,430 '279,853 '283,565 '285,325 '286,535 '288,360 '288,329 '288,488 '292,973 '299,124 302,451
Mfg. and trade inventories, book value, end of year
or month (seas, adj.) ,totalf
mil. $.. 278,386 ' 275,484 •276,804 '275,484 •277,057
157,971 155,693 156,121 '155,693 156,120
Manufacturing, totalf
do.
101,780 100,310 L01,016 100,310 99,980
Durable goods industries
~__do.
55,382 55,105 55,382 56,140
56,191
Nondurable goods industries
do_
'279,008 '281,256 '283,062 '285,693 •289,138 '290,866 '293,308 '296,537 '298,179 298,490
'156,458 '157,560 '158,134 '159,488 161,118 '162,144 '163,184 '164,966 '166,674 166,915
99,942 100,740 101,033 101,502 102,429 102,856 103, 282 104,117 105,589 106,011
56,516 56,820 57,101 57,986 58, 689 59, 288 59,902 60,850 61,085 60,904
Retail trade, totalA
Durable goods stores
Nondurable goods stores
do_.
do
do..
73,851
34,301
39,550
74,676
34,474
40,202
75,129
34,568
40,561
74,676
34,474
40,202
75,292
34,479
40,813
76,243
34,592
41,651
77,298
35,231
42,067
78,102
35,462
42,640
78,406
35,547
42,859
79,375
35,863
43,512
79,917
36,523
43,394
81,118
37,515
43,603
81,848
37,822
44,026
81,658
37,518
44,140
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
do
do
do
46,564
27,779
18,785
45,115
27,476
17, 639
45,554
27,532
18,022
45,115
27,476
17, 639
45,645
27,998
17,647
46,307
28,308
17,999
46,398
28,336
18,062
46,826
28,441
18,385
47,799
29,107
18,692
48,645
29,430
19,215
48,805
29,585
19,220
49,006
29,533
19,473
49,723
30,384
19,339
49,847 50,165
30,447 30,579
19,400 19,586
'1.52
'1.51
81,410
37,683
43,727
BUSINESS INVENTORY-SALES RATIOS
'1.51
'1.60
'1.66
'2.07
'r 1 . 8 0
2.34
'1.72
r 2 27
'1.68
'2.14
'1.22
'1.26
•1.20
'1.21
do .
~~do~"~
do.."
1.53
2.21
1.23
1.51
2.23
1.18
1.49
2.17
1.17
Merchant wholesalers, total
do
Durable goods establishments
do~~~~
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales.
Durable goods industries:
Unadjusted, total
mil $
Seasonally adj., t o t a l . . . . .
"".do..."
1.13
1.45
.87
1.24
1.79
.84
43,123
50,679
Manufacturing and trade, totalf
Manufacturing, totalf
Durable goods industries!
Materials and supplies
Work in process
Finished goods
,
Nondurable goods industries!
Materials and supplies
Work in process
Finished goods
_
Retail trade, totalcf A
Durable goods stores
Nondurable goods stores
Shipments (not seas, adj.), totalf.
ratio..
do
do
do.
. " do
do
do
do
do
do
.do
'1.49
'1.48
'1.50
'1.51
'1.53
'1.55
1.52
'1.64
'2.06
'1.61
'2.00
'1.61
'2.01
'1.62
'2.01
'1.63
'2.02
'1.63
'2.01
'1.64
'2.00
'1.67
'2.08
'1.71
'2.14
1.66
2.06
'1.20
'1.20
'1.20
'1.18
'1.21
'1.21
'1.23
'1.25
'1.25
'1.26
1.24
1.44
2.07
1.15
1.46
2.06
1.17
1.45
1.99
1.18
1.45
2.02
1.17
1.45
1.97
1.20
1.48
2.04
1.21
1.47
2.01
1.20
1.49
2.06
1.20
1.48
2.06
1.20
1.51
2.16
1.20
1.49
'2.14
1.19
1.46
2.07
1.17
1.23
1.74
.85
1.21
1.70
.83
1.20
1.67
.82
1.19
1.66
1.19
1.67
.82
1.18
1.67
.82
1.21
1.70
.84
1.19
1.67
.83
1.20
1.69
.83
1.21
1.65
1.20
1.68
.83
'1.23
1.71
.85
1.23
1.70
4,211
4,152
4,797
4,355
4,156
4,424
4,431
4,592
5,161
4,838
5,108
5,008
5,316
5,111
5,765
5,618
5,133
5,673
5,360
5,891
5,506
5,545
6,032
5,985
1,015,339 1,046,882 90,641
87,124
87,424
95,983 100,403
99,877 ' 99,594 '104,151
92,207
Durable goods industries, total 9 1 ..do
528,512 526,950 44,521 43,213
Stone, clay, and glass products
do
26,430
27,314
2,331
2,060
Primary metals
do
93, 227
78,959
6,262
5,937
Blastfurnaces, steel mills
do
47, 258
40, 210
3,054
3,039
Nonferrous and other primary met
do
37,434
30,081
2,476
2,267
'2 Revised.
v Preliminary.
• Estimated.
i Based on data not seasonally adjusted.
Advance estimate; total mfrs. shipments for Nov. 1976 do not reflect revisions for selected
components.
% See note marked "c?" on p. S-4.
§ The term "business" here includes
only manufacturing and trade; business inventories as shown on p. S-l cover data for all
'1.50
types of producers, both farm and nonfar
5,963
5,922
98,345 103,671 101,790 L00,573
S-6
X (JF
su.
1975
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of B U S I N E S S S T A T I S T I C S
CKEJN T Bl
January 1977
1975
Nov.
Annual
1976
Jan.
Dec.
Feb.
Mar.
Apr.
May-
June
Aug.
July
Sept.
Oct.
Nov.
Dec.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERSt—Continued
Shipments (not seas, adj.) f—Continued
Durable goods industries1)—Continued
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total 9
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
do.
do.
do.
do.
r
68,892 " 5,842
8,096
98,147
5,609
63, 716
9,819
113,369
6,326
70,581
1,987
22,601
' 5,827
8,402
5,330
9,383
5,724
2,015
r 5,779
7,997
5,134
9,638
65535
1,845
r 6,385
8,947
5,758
11,209
7,397
1,915
' 6,792
9,676
6,009
11,824
7,985
2,032
r 6,847
9,393
5,827
11,787
7,871
1,985
486,829
162,106
7,139
32,894
519,932
171,794
7,805
32,874
46,120
14,726
760
3,079
43,911
14,070
685
2,919
44,214
13,981
647
2,885
47,624
14,337
635
3,164
48,538
14,496
693
3,406
41, 666
83, 623
58,877
27,903
43,463
90, 370
69,692
28,081
3,931
7,463
6,482
2,483
3,709
7,371
6,430
2,239
3,846
7,677
6,402
2, 372
4,266
8,573
6,731
2,698
4,205
9,078
6, 411
2,909
mil. $_. ' 67,985
92,363
do....
65,750
do_...
d o . . . 107, 724
68, 633
do.._.
20,844
do....
do.
do.
do.
do_...
Shipments (seas, adj.), total f
do.
By industry group:
Durable goods industries, total 9
do.
Stone, clay, and glass products
do
Primary metals
do
Blast furnaces, steel mills
do
Nonferrous and other primary m e t . . . d o
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total 9
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 market category :t
Home goods and apparel
do
Consumer staples
do
Equipment and defense prod., excl. auto_do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
do
Capital goods industries
do
Nondefense
do
Defense
do
Inventories, end of year or month:f
Book value (unadjusted), tctalf
Durable goods industries, total
Nondurable goods industries, total
r 7, 242
9,840
6,236
12,541
8,648
2,179
-• 6, 284 ' 6, 712
8,556
8,738
5,385
6,007
9,615 10,114
6,247
6,770
1,973
2,120
9,644
6,515
11,106
7,564
2,247
r 6, 693
9,330
6,383
11,307
7,587
2,177
6,614
8,976
6,391
12,265
8,717
2,220
48,565
14,562
655
3,095
47,607
14,527
633
3,177
49,374
15,035
691
3,385
45,849
14,292
649
2, 612
48,534
14,540
652
3,060
50,648
15,466
677
3,302
49,921
15,259
753
3,198
49,217
14,893
661
3,190
4,166
9,283
6,645
4,235
8,733
6,546
2,799
4,395
8,750
6,952
2,848
3,951
7,701
6,992
2,491
4,312
8,222
7,103
2,723
4,443
8,835
7,107
2,730
4,255
8,315
7,103
2,832
4,167
8,238
7,229
2,707
90,549
92,553
94,067
95,551 r 97,786 ' 98,519 r 98,546
98,937
99,334
• 99,448
98,780
97,653 100,458
46,772
2,396
6,412
3,244
2,446
47,289
2,443
6,850
3,527
2,559
48,430
2,511
6,759
3,460
2,488
50,382
2,625
7,396
3,774
2,814
50,146
2,474
7,110
3,566
2,767
50,558
2,454
7,694
3,914
2,992
• 50,606
2,538
7, 727
4,037
2,869
51,090
2,517
7,764
4,036
2,954
• 51,648
2,579
7,856
3,908
3,105
50,060
2,568
7,746
3,945
3,030
• 49,267 • 51,427
2,586
2,471
7,355 ' 7, 283
3,684
3,681
2,760
2,877
5,922
8,412
5,501
9,346
5,837
1,907
6,239
8,476
5,441
10,913
7,193
2,019
6,352
8,622
5,669
10,444
6,683
2,028
6,498
8 753
5^722
11,072
7,120
1,975
6,799
8,889
5,872
11,515
7,804
2,006
6,733
9, 229
5,833
11,427
7,593
2,031
6,877
9,263
5,880
11,117
7,384
2,049
6,821
8,940
5,881
11,491
7,917
2,065
6,633
9,377
5,974
11,540
8,000
2,143
6,592
9,420
6,133
11,513
8,068
2,144
6,485
9,378
6,101
10,117
6,698
2,086
6,309
9,384
6,033
10,164
6,483
2,068
6,692
9,348
6,258
11,705
8,030
2,133
46,001
14,486
749
3,024
3,944
8,017
6,484
2,524
45,781
14,068
687
3,112
3,974
7,993
6,418
2,447
46,778
14,597
680
3,207
4,017
8,117
6,528
2,576
47,121
14,176
665
3,239
4,215
8, 329
6,647
2,681
47,404
14,188
717
3,262
4,146
8,613
6,471
2,821
' 48,374 47,988
14, 901 14,754
685
621
3,139
3,167
4,181
4,257
8,710
8,344
6,686
6,630
2,711
2,779
• 48,331
15,037
651
3,148
4,186
8,525
6,776
2,704
48,244
15,088
637
2,994
4,149
8,162
6,954
2,669
47,799
14,552
616
2,971
4,195
8,134
7,061
48,720
14, 762
682
3,088
4,302
8,611
7,075
2,649
48,386
14, 778
749
2,974
4,137
8,361
7,163
2,690
49,093
14,645
651
3,133
4,180
8,831
7,230
2,753
r
7,915
17,218
12,732
r
8,521
' 7,744
38,424
' 7,929
17,934
13,008
r 8,053
' 7,856
39,287
' 7,991
17,712
13,178
r
9,467
' 8,357
41,081
r 7,977 ' 8, 222
18.368 18,083
13,638 13,601
r
9, 278 r 8, 991
r
8, 329 r 8, 288
40,928 41,361
' 7,882
18,361
13,095
' 9, 332
' 8,307
41,960
' 8,100
18,371
13,633
r
9,470
' 8, 338
41,422
' 8,065
18,296
17,832
13,493
13,652
r
9,498 r 8,083
r
8,521 r 8,452
42,187
41,881
»• 8, 1 1 1
18,276
13,863
'8,014
r
8,431
40,958
8,280
18,337
13, 900
9,620
8, 561
41, 760
r
' 3,157 ' 3,195
14,746
14,419
12, 219 12,540
2,201
2,206
r
' 3,187 r 3, 271
15,148
15,169
12,938 12, 945
2,210
2,224
r 3, 131
14,803
12,756
2,047
r 3, 107
15,232
13,121
2,111
' 3,178 ' 3,359
15,139
15,380
13,192 13,022
2,118
2,188
r 3, 202 ' 3, 263
15,609 ' 15,639
13, 320 13,350
2,289 r 2,289
1
1 82,976
196,539
1136,666
1 83,275
1 82,667
1
433,218
83,372 r 7,470
210,221 17,696
147,173 12,449
86,063 r 7,172
83,256 ' 7,430
436,796 38,333
1 35,754
1156,799
1 135,584
121,217
35,430 ' 3,053
164,374 14,017
140,651 11,944
2,073
23,725
1
7,018
9,291
5,813
11,821
7,899
2,026
' 44,548
2,328
6,435
3,198
2,485
do.
do.
do.
do.
do.
do.
do
do
do
do
do
do
do
do
r
3,138
14,154
12,163
1,991
r
8,067
17,567
13,263
' 8,659
' 8,038
39,957
3,241
14,783
12,596
2,187
r
155,825 r 155,227 155,825 157,298 157,883 158,671 159,051 159,878 160,512 ' 160,588 161,787 162,900 165,320 166, 322
99,853 100,045 99,853 100,464 100,913 101,693 102,027 102,334 102,553 102, 273 102,692 103, 249 104,483 105,076
55,972 55,182 55,972 56,834 56,971 56,979 57,023 57,544 57,959 58,315 59,095 59, 652 60,837 61, 246
do
do
do
158,173
101,260
56,913
Book value (seasonally adjusted), totalf
do
By industry group:
Durable goods industries, total 9
do
Stone, clay, and glass products
do
Primary metals. 1. _
do
Blast furnaces, steel mills
.do
Nonferrous and other primary met. do
157,971
101,780
3,569
13,424
6,785
5,662
100,310
3,848
15,527
8,483
6,113
101,016 100,310 99,980
3,816
3,848
3,848
15,711 15,527 15,292
8,696
8,483
8,498
6,118
6,113
5,930
99,942
3,823
15,301
8,559
5,917
100,740 101,033 101,502 • 102,429 102,856 103,282 r 104,117 105,589 106,011
4,135
4,092
3,998
4,002
3,934
3,769
3,869
3,885
3,803
15,546 15,655 15,879 15,995 16, 225 16,485 16, 660 17,113 17,217
10,121
10,100
9,787
9,709
9,452
8,766
8,870
9,078
9,233
6,109
6,043
5,910
5,840
5,871
5,929
5, 930
5,924
5,875
Fabricated metal products
do
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
do
Motor vehicles and parts
do
Instruments and related products.-do
13,460
23,985
14,169
19,115
6,774
4,700
12,931
23,479
12,883
19,048
5,978
4,290
12,949
23,713
12, 932
19, 298
6,074
4,337
12,931
23,479
12,883
19,048
5,978
4,290
13,001
23,334
12,758
19,029
6,052
4,389
12,850
23, 159
12,745
19,237
6,226
4,314
12,840
23,268
12,947
19,354
6, 327
4,327
• 56,191
14,761
3,005
5,070
4,772
11,494
4,089
3,850
55, 382
14,328
3,295
4,834
4,646
11, 695
4,710
3,652
55,105
14,165
3,328
4,823
4,674
11,694
4,645
3,627
55,382
14,328
3,295
4,834
4,646
11, 695
4,710
3,652
56,140
14,514
3,257
4,904
4,784
11,869
4,713
3,746
56,516
14,438
3,385
4,984
4,807
11,959
4,732
3,714
56,820
14,459
3,394
4,963
4,862
12,042
4,741
3,752
156,121
155,693
155,693
156,120 • 156,458
157,560 158,134 • 159,488
161,118
r
1
162,144
163,184r 164,966 • 166,674 166,915
r
12, 675
23,316
13,053
19, 478
6,410
4,342
12,709
23,160
13,176
19,612
6,573
4,380
12,529
23, 409
13,569
19, 781
6,674
4,386
12, 603
23, 420
13,634
19,705
6,627
4,428
57,101
14,516
3,426
4,990
4,907
12,034
4,552
3,725
57,986
14,732
3,637
5,060
4,958
12,192
4,650
3,700
58,689
14,873
3,569
5,078
5,045
12,332
4,835
3,673
59,288
15,220
3,615
5,104
5,085
12, 609
4,872
3,616
12,547
23,591
13,708
19,515
6,336
4,438
12,827
23, 678
13,811
19, 621
6,484
4,465
13,131
23,885
13,961
19,823
6,764
4,524
13,165
23,877
13,939
19,915
6,869
4,566
59,902
15,617
3,631
5,184
5,128
12, 825
4,833
3,594
• 60,850
15,830
3,704
5, 201
5,136
12,977
5,043
3,708
61,085
15,876
3,659
5,158
5, 228
13,040
5,058
3,763
60,904
15,616
3,614
5,158
5,304
12, 953
5,162
3,820
By stage of fabrication^
Materials and supplies 9
do.
Primary metals
do.
Machinery (elec. and nonelec.)...do.
Transportation equipment
do.
Work in process 9
do.
Primary metals
do.
Machinery (elec. and nonelec.)...do.
Transportation equipment
do.
Finished goods 9
do.
Primary metals
do.
Machinery (elec. and nonelec.)...do.
Transportation equipment
do.
Nondurable goods industries, total 9 . .
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 :f
Materials and supplies
Work in process
Finished goods
.do
do
do
do
do
do
do
do
r
r
do
do
do
' Revised.
i Based on data not seasonally adjusted.
2 Advance estimate; total mfrs.
snipments for Nov. 1976 do not reflect revisions for selected components.
f Revised series.
Data revised back to Jan. 1958 to reflect (1) updating of benchmarks used in developing shipments and inventory estimates, (2) recalculation of estimated new orders, (3) changes required
to conform to revised 1972 SIC categories, and (4) use of new seas. adj. factors. A detailed
r
description of this comprehensive revision and historical data appear in report M3-1.6, Manufacturers' Shipments, Inventories, and Orders: 1958-1976 (Revised)," available for $2.25
from the Subscribers Services Section, Bur. of the Census, Wash., D.C. 20233. Data back to
Jan. 1958 for mfg. and trade sales and invent, and inventory-sales ratios appear on p. 22 ff. of
the Jan. 1977 SURVEY.
9 Includes data for items not shown separately.
January 1977
OF IJUKfi CENT
SUE,
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
SIS
S-7
1976
1975
1975
Annual
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERSf—Continued
Inventories, end of year or month f—Continued
Book value (seasonally adjusted)—Continued
By market category: t
Home goods and apparel
mil. $..
Consumer staples
do—
Equip, and defense prod., excl. auto, .-do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
do—
Capital goods industries
do
Nondefense
do
Defense
...do....
New orders, net (not seas, adj.), total t
Durable goods industries, total
Nondurable goods industries, total
do_
do..
do_.
New orders, net (seas, adj.), total t
do..
By industry group:
Durable goods industries, total t
do..
Primary metals
do..
Blast furnaces, steel mills
do..
Nonferrous and other primary met.-_do_.
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts
Nondurable goods industries, total
Industries with unfilled orders©
Industries without unfilled ordersi
By market category: |
Home goods and apparel
Consumer staples
Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
12,919 13,005 13,010 '13,209 13,598
21,507 21,526 21,770 '21,844 21,901
38,842 38,429 38,173 ' 38,006 38,163
8,092 ' 8, 238
' 7, 956 ' 7,885 ' 7,946
13,328 13,323 '13,460 ' 13,433 13,446
61,568 61,525 61,760 ' 61,875 62,214
' 14,932
' 21,579
' 38,420
' 8,865
' 13,592
' 60,583
' 13,005
'21,526
' 38,429
' 7,885
' 13,323
' 61,525
' 7,599
• 42,488
37,057
5,431
1,043,860
558,843
485,014
' 6,578 ' 6,592
r 42,341 42,808
35,772 36,259
6,568 6,549
r 6,578
42,341
35,772
6,568
1,028,077 89,778 ' 85,857
505,969 43,336 42, 026
522,108 46,442
14,039
21,868
38,263
'8,318
13,257
62,388
' 14,185 14,511
'2^,186 22,232
' 38,046 38,375
8,446 ' 8,536
' 13,358 13,255
' 63,267 64,210
14,361 14,386 14,441 14,377
22,666 23,055 23,417 23,466
38,419 38,555 38,688 38.875
' 8,393 ' 8,123 ' 8,336 ' 8, 692
13,364 13,418 13,704 13,884
64,942 65,647 66,380
14,191
23,294
38,884
8,911
13,974
67,668
' 6,697 ' 6,818 6,868 r 7,042 ' 7,065 ' 7,127 ' 7,107 ' 7,059
' 6,395
41,992 ' 41,935 42,101 42,257 ' 42,140 42,396 42,430 42,649 42,740 42,942 43,068
35,504 35,411 35,466 35,538 35,314 35,624 35,584 35,846 35, 940 36, 095 36, 248
6,523
6,720 6,824
6,798
6,847 6,820
6,774 6,846
86,841
42,307
44,534
96,012 ' 101,372 100,157 ' 98,761
48,230 52,702 51,296 51, 075
47,782 48, 670 48,861 47, 686
104,879 94,370 ' 97,579 102,882 ' 103,169 100,056
55,728 48,750 49,436 52,307 53,103 '51,633
49,151 45,620 48,143 50,575 50,066 49,032
50,928
99,702 100, 888
91,816
92,822
95,044 ' 98,550
98,756 ' 99,379 ' 99,476
• 558,843 505,969
96, 652 71,792
35,779
48,870
28,209
38,392
44,282 ' 45,985
6,511
3,596
2,394
2,490
45,904
6,674
3,701
2,367
47,930 '51,111
6,812
7,787
3,365
3,864
2,595
3,188
50,245
7,328
3,530
3,067
51,354
8,726
4,968
51,249 ' 51,180 ' 50,380
7,918
8,158
7,340
3,997
4,251
3,581
3,170
3,083
2,946
50,068 ' 51,078 52,611 1 56,106
7,019 ' 7, 529 17,413
7,556
3,614
3,485
3,649
2,790
3,087
3,153
do.
do..
do.
do.
do..
73,683
104,759
6,134
8,017
5,611
9,079
2,392
6,189
7,623
5,206
10, 856
2,194
6,237
8,631
5,645
9,476
1,680
6,587
8,195
5,935
12,783
3,219
6,455
9,152
6,036
11,504
2,214
6,661
8,970
6,251
11,082
2,401
7,089
8,836
6,491
10,968
2,302
6,280
9,283
5,963
10,751
3,202
do
do
do
485,014 ' 522,108 46,337 ' 45,830
104,824 113,179 10,255 10,097
380,193 408,928 36,082 35,734
46,918
10,291
36,627
1,043,860 21,028,077 90,620
114,867
31,631
66,712
92,795
61, 720
109, 511
26,316
' 2 81,993 ' 22 83,495
' 2196,533' 210,267'
' 2154,966' 22141, 257'
' 2 83,463 '2 84,741
' 2 86,993 ' 81,372
^439,914 ' 2426, 941'
do
do
do
do
' 2 34,840 ' 2 35,509 ' 3,189 r 3,169
••2 178,101' 2155, 968' 13,469 • 12,991 13,103
' 2 151,8722 130,782 11,369 11,054 11, 663
1,937
1,440
r 2 26,229 2 25,185 2,100
Unfilled orders, end of year or month (unadjusted),
total f
mil. $.. 189,046 ' 170,243
Durable goods industries, total
do
183,704 162,726
Nondur. goods ind. with unfilled orders©., do
7,517
5,342
Unfilled orders, end of year or month (seasonally
adjusted) total f
mil. $_. 190,271 ' 171,438
By Industry group:
Durable goods industries, total 9
do
184,697 ' 163,582
Primary metals
do
14,742
22,029
Blast furnaces, steel mills
do
9, 287
13,751
Nonferrous and other primary met...do
4,091
6,055
Fabricated metal products
..do
Machinery, except electrical
do
Electrical machinery
d«__
Transportation equipment
.do
Aircraft, missiles, and parts
do
Nondur. goods ind. with unfilled orders©.do
By market category: t
Home goods, apparel, consumer staples...do
Equip, and defense prod., incl. auto
do
Construction materials and supplies
do
Other materials and supplies
do
S upplem entary seri es:
Household durables
do
Capital goods industries
do
Nondefense
do
Defense
do
7,949
17,223
' 11,888
' 8, 634
' 7, 761
'38,361
23,690
45,472
21, 230
50,236
33,106
' 7,856
' 3,018 ' 3,209
105,962 ' 98,742
" 21,117 r 19,197
' 60,173 -• 50,290
' 3,170
99,473
19,179
50,353
' 3,209 ' 3,291
' 98,742 97,936
' 19,197 19,072
' 50,290 49,894
BUSINESS INCORPORATIONS©
New incorporations (50 States and Dist. Col.):
Unadjusted
number.. 319,149
Seasonally adjusted
do..~.
3,173
14,094
11,900
2,194
3,232
14,990
12,173
2,818
3,144
15,167
12,476
2,690
6,586
9,082
6,088
11,203
1,890
6,762
6,425
9,251
9,413
6,391
6,463
11,516 ' 12,378
3,624
2,685
48,227 ' 48,033 ' 47,544 48,801 ' 48,624
10,412 10,132 10,142 10,738 11,424
37,815 37, 902 37,401 38,063 37,200
48,902
11,319
37,583
' 7,832 8,210
18,370 ' 18,409
13,789 ' 13.605
' 9,147 • 9,556
' 8, 218 • 8,429
42,120 41,005
8,294
18, 290
13,726
9,658
8,676
42, 561
r 8, 101 8,072
17,84C ' 18,316 18,248
12,940 ' 14,029 15,4C6
' 9, 487 ' 7,991
8,417 ' 8, 208 ' 8,435
41,138 ' 42,252 41,288
1
14,729
' 3, 284
' 3,103 • 3,176 r 3,194 3,191
15,067 15,222 ' 15,017 14,609 ' 15,621 17,287 • 16,251
12, 666 12,607 13,778 12, 690 13,468 14,302 • 12,878
2,401
2,614
2,986 ' 3,373
1,239
2,153
1,919
• 172,175 ' 171,438 ' 170,193 ' 169,686 ' 170,450 ' 170,687' 171,520 172,059 ' 171,938 ' 170,414' 170,503' 172,553 172,992
• 164,368 ' 163,582 • 162,197 ••161,697 162,426 162,525 ' 163,322 163,965 ' 164,055' 162,787 162,795 164,607 • 165,791 167,298
14,488 14,742 14,567 14,620 15,011 15,229 16,260 16, 692 16,846 16,330 16,140 15,804 16,051 16,090
9,762
9,420 10,475 10,690 10,650 10,323 10,028
9,832
9,456
8,935
9,287
9,366
9,461
5,260
4,932
4,380
4,680 4,626
5,056 4,896
4,143
4,840
5,019
4,091
4,006
3,899
23,741
46,325
21,465
50,293
33, 111
' 7,806
' 2,526
116,971
89,225
27,746
48,511 ' 48,025
10, 684 10,587
37,827 37,438
6,733
9,572
5,894
11,214
1,254
' 171,509 170,243 169,660 169,689 ' 170,658 ' 170,937 ' 170,104' 170,832' 172,994 172,229 ' 171,440' 172,818 172,301
163,912 162,726 161,822 161, 693 162,529 162,513 161, 600 162,550 164,942 164,567 163,851 165, 085 165,311 166,428
7,549
7,996
8,424 8,5C4 8,282 8,052 7,661
7,733
7,588
7,597
7,517
8,128
7,838
23,690
45,472
21,230
50,236
33,106
' 7,856
25, 849
50,861
23,203
54,108
34,519
'5,575
47,114 ' 47,439
10,376 10, 509
36,738 36, 930
I.C47 ' 8,000 ' 7,924 r 8,187
' 7, 994
17,951 ' 17,564 17,716 18,368 18,090
11,837 ' 13,057 12,353 13,809 r13,491
8,784
'8,418
10,030 ' 9,376 9, 075
7,950 ' 7,756 ' 8,121 r 8,074
'7,731
38,890 39,641 42,697 41,157 42,462
do
do
do
do
do
do
7,587
17,696
12,220
7,138
7,523
38,454
6,350
8,563
5,781
10,710
1,725
99,214 ' 97,924
23,575
45,480
21,205
49,268
32,546
' 7,996
22,940
44,519
21,530
50,252
32,354
' 8,162
23,428
45, 290
21,264
48,906
31,823
' 7,989
23,217
44, 596
21,327
50,175
32,677
' 8, 024
' 3, 269
' 97,855
>• 18,984
' 49,578
' 3,281 '3,228
97,594 ' 97,862
• 18,382 r 18,174
• 51,194 ' 51,422
22,723
44,227
21,900
50,216
32,295
22,992
44,123
22,510
49, 693
32, 239
' 8,094
23,092
44,318
22,430
49,366
31,192
' 7,883
23,086
43,981
22,385
49,056
30,842
' 7,627
22,881
43,886
22,246
49,690
31,877
'7,708
'3,351 ' 3,174
' 3,199 ' 3,159
97,836 98,345 ' 98,403 ' 97,681 98,125
17,961 17,872 ' 17,963 ' 17,860 17,616
52,524 52,683 ' 52,266 ' 51,523 51,589
22,997 23,068
43,914 43,818
22,678 22,812
51,043 •51,717
33,067 33,438
7,758
' 7,946
3,293
' 3,324 99,555
' 17,620 17,734
' 51,920 52,410
' 2,623 ' 2,591 2,623 ' 2, 669 ' 2, 647 ' 2, 638 2,595
108,533 109,695 ' 108,533 • 107,216-" 106,565• 106,773' 106,791
79,323 80,432 79,323 78,767 78,127 77,704 77, 242
29,210 29, 264 29,210 28,449 28,438 29,069 29, 550
' 2,563
106,690
76,963
29,727
' 2,535 2,604 2,620 ' 2,451 2,629 ' 2,650
107,108 ' 106,893 ' 106,122 106,603 ' 108,283 108,895
76,813 77,471 76,969 77,415 78,398 • 77,925
30, 294 29,422 29,153 29,188 29,885 30,970
328,781
29,210
28,637
31,469
31, 600 30,114
24,078
27,299
30,021
30,261
30,315
29,604
27,119
28,973
35,083
30,910
32,714
29,876
30,585
32,746
30, 944 30,749
32,368 32,887
52,708
29,845
33,496
INDUSTRIAL AND COMMERCIAL
FAILURES©
Failures, total
number..
714
3 801
689
798
11,432
756
9,915
965
775
835
867
Commercial service
do.
109
121
108
105
1,320
1,637
107
132
130
111
108
107
131
C o n s true ti on
do
122
138
130
1,840
188
119
2,262
136
167
158
150
166
151
Manufacturing and mining
do
114
109
127
1,557
121
92
1,645
114
109
144
124
100
118
Retail trade
do
293
351
358
4,234
434
408
284
4,799
309
374
358
326
353
Wholesale trade
.do
76
82
75
964
90
84
93
89
1,089
90
87
88
106
Liabilities (current), total
thous.
3,053,137 4,380,170 252,868 136,881 257,071 211,762 247,653 206,420 233,284 373,635 305,552 263,965 250,318
Commercial service
do.
348,166 475,485 15,756 29,591 29,263 32,144 27,034 28,952 41,767 179,643 21,928 25,066 31,768
Construction
"_"_ do" 526,598 640,845 28,756 19,206 42,933 34,873 37,342 32,244 39,003 61,184 23,028 23,838 18,103
Manufacturing and mining
do
833,824 1,020,609 120,243 41,214 71,485 52,958 105,665 60,251 61, 910 57,417 206,547 120,800 157,475
Retail trade
do.
1,069,656 1,835,908 55,134 30,643 89,535 58,004 43,577 39,219 42,831 44,955 40,285 47,966 26,628
Wholesale trade
"do
274,893 407,323 32, 979 16,227 23,855 33,783 34,035 45,754 47,773 30,436 13,764 46,295 16,344
Failure annual rate (seasonally adjusted)
No. per 10,000 c
34.9
31.2
35.7
2 38.4
35.4
2 42.6 3 37.0
35.4
32.7
38.2
36.3
35.0
36.9
' Revised.
v Preliminary.
i Advance estimate; totals for mfrs. new and unfilled orders
U For these industries (food and kindred prod., tobacco mfs., apparel and other textile
ford Nov. 1976 do not reflect revisions for selected components.
2 Based on unadjusted data.
prod., petroleum and coal prod., chem. and allied prod., rubber and plastics prod.) sales are
Includes data for Hawaii.
\ See corresponding note on p. S-6.
considered equal to new orders.
O Compiled by Dun & Bradstreet, Inc. (failures data
9 Includes data for items not shown separately.
for 48 States and Dist. of Col.; Hawaii included beginning July 1975).
©Includes textile mill prod., leather and prod., paper and applied prod., and print, and pub.
ina., unfilled orders for other nondurable goods are zero.
SUKVEY OF CUKEENT BUSINESS
S-8
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1974
1975
1975
Annual
January 1977
Nov.
1976
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Deo.
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS^
Prices received, all farm products
Cotton . .
Food grains
Fruit
Tobacco
Livestock and products 9 . .
1910-14 = 100..
do
do
do
do
do
do
do
do
do
do
463
453
461
425
403
433
423
529
319
465
348
400
426
318
467
418
357
408
297
900
473
871
499
'869
505
535
611
630
821
454
510
CONSUMER PRICES
[U.S. Department of Labor Indexes)
Not Seasonally Adjusted
All items
_
1967 = 100
Special group indexes:
All items less shelter
do .
All items less food
do
All items less medical care
do
do
Nondurables
.do
Nondurables less food-.
do .
do
Commodities less food
do
Services. .
do
do
Food 9
do
do
Dairy products
do
do
Housing
do
Shelter 9 . . .
do
Rent
do
Ilorneownership
do
Fuel and utilities 9
do
Fuel oil and coal
do
Gas and electricity
do
do
Apparel and upkeep
do
Transportation..
do
Private..
do
New cars
do
Used cars
do
Public
do
Health and recreation 9
do
Medical care
do
Personal care
do
Reading and recreation
do
Seasonally Adjusted H
All items, percent change from previous month
Commodities..
1967—100
Commodities less food
do
Food..
do
Food at home
do
Fuels and utilities
do
Fuel oil and coal
do
Apparel and upkeep
do
Transportation
do
Private
do
New cars.
do
Services
do
493
'419
361
'390
300
466
428
494
421
369
389
286
874
503
624
463
436
444
420
375
410
295
472
425
378
399
313
874
503
468
424
373
391
318
874
489
875
512
477
446
403
482
398
384
313
877
508
594
580
595
244
631
225
624
233
557
550
555
562
550
561
564
555
564
570
557
570
583
246
545
547
538
599
564
490
475
488
483
433
574
412
384
289
439
603
421
375
271
877
505
557
850
492
576
468
453
440
510
394
336
310
468
480
446
439
468
545
394
326
296
495
528
360
297
362
981
474
948
453
433
420
'490
'550
322
283
302
604
612
557
241
538
239
501
228
945
445
' 608
485
230
923
482
596
44"
43(
45C
55"
34"
27"
28(
96^
4fc
60(
52(
24]
625
228
588
235
568
557
568
575
561
576
574
567
573
574
569
571
571
572
56b
570
575
562
57,
57$
56*
656
72
656
73
663
74
577
565
578
665
73
663
71
662
71
658
68
657
66
661
167.5
168.2
169.2
170.1
171.1
171.9
172.6
173.3
173.8
174.,
164.9
163.4
166.5
162.3
167.2
155.2
149.3
152.7
176.1
182.2
180.0
183.0
168.5
173.2
173.8
176.0
142.1
188.6
177.9
249.4
181.9
165.2
144.0
158.5
157.2
134.3
144.9
170.4
159.7
178.8
157.0
148.5
165.3
164.2
166.8
162.3
166.7
155.5
150.4
153.3
177.2
183.4
178.7
180.2
167.9
173.6
174.5
176.3
142.7
188.7
178.9
247.6
183.7
166.6
145.0
159.8
158.5
134.5
150.9
172.3
160.6
180.6
157.4
149.0
166.1
165.0
167.4
163.1
167.2
156.0
151.9
154.2
177.7
184.0
179.2
178.0
167.9
179.0
174.9
176.6
143.2
188.9
179.3
246.6
184.4
167.4
145.7
161.3
160.1
134.4
159.4
172.4
161.4
181.6
158.3
149.5
167.1
166.0
168.4
164.2
168.2
157.0
153.5
155.5
178.4
184.7
180.0
181.2
167.4
176.4
175.6
177.3
143.8
189.6
180.2
246.2
186.1
167.9
146.8
163.5
162.5
134.5
167.8
172.4
162.1
182.6
158.9
150.3
168.1
167.0
169.4
165.2
169.0
157.9
154.7
156.5
179.5
185.8
180.9
182.7
167.9
176.7
176.5
178.2
144.4
190.7
181.7
247.3
187.9
168.5
146.9
165.9
165.0
134.5
173.4
173.6
162.8
183.7
159.8
150.9
169.0
167.9
170.3
166.0
169.7
158.1
155.8
157.1
180.7
187.2
182.1
184.0
168.0
177.3
177.5
179.5
145.0
192.2
182.5
248.1
189.6
168.9
146.5
167.6
166.8
134.4
177.5
174.4
163.7
185.5
160.5
151.2
169.7
168.9
171.1
166.6
170.4
159.1
156.4
158.0
181.8
188.4
182.4
181.5
169.0
178.3
178.4
180.6
145.6
193.4
183.7
249.3
190.3
169.1
148.1
168.5
167.8
134.4
179.6
174.6
164.4
186.8
161.6
151.4
170.4
170.0
171.7
167.0
170.7
160.4
156.9
158.9
183.2
189.8
181.6
179.3
171.1
170.8
179.5
181.5
146 2
194.'4
185.1
250.8
192.2
170.2
150.2
169.5
168.6
134.2
180.1
176.9
165.3
187.9
162.8
152.8
171.0
170.8
172.4
167.4
171.0
161.0
157.8
159.6
184.1
190.8
181.6
174.8
172.7
175.5
180.1
182.0
146.9
194.8
186.5
253.1
193.9
170.9
150.9
170.9
170.2
139.1
179.9
177.4
166.1
188.9
163.9
153.5
171.6
171.6
172.7
167.7
171.3
161.9
158.0
160.3
185.1
191.8
181.1
172.0
171.7
174.8
180.7
182.1
147.5
194.8
188. 2
258.0
195.5
171.7
151.9
171.4
170.6
139.7
179.0
177.6
167.3
191.3
164.8
154.1
172.1
172.1
173.1
168.
171.
162.;
158.'
160.
185.
192.
181.
170.
171.'
175.
0.1
162.7
153.5
179.4
178.6
176.1
242.6
145.0
160 1
158.9
133 8
176 0
0.2
162 4
153.9
177 9
176.5
177 5
242.3
145 4
160 8
159 5
134 2
177 2
0.4
163 1
154.4
178.9
177.7
177.9
243.0
145 8
161 8
160 6
134 3
178 0
0.6
164.3
155.3
180.6
179.5
179.3
244.2
146.5
163 2
162.0
134 8
178 8
0.5
164.9
156.0
181.0
179.8
181.7
247.8
146.9
164 6
163.7
134 6
179 9
0.5
165.6
156.9
181.2
179.8
183.4
251.1
147.8
166.1
165.1
134.7
181.0
0.5
166.4
157.9
181.8
180.3
185.0
255.7
149.1
167.5
166.8
135.3
182.0
0.4
166.8
158.5
181.8
180.1
186.8
258.6
149.5
169.7
168.6
136.8
183.0
0.3
167.3
159.1
182.3
180.7
188.6
259.1
149.4
170.7
170.0
138.7
184.0
0.3
167.6
159.8
181.9
180.0
189.0
259.6
150.0
171.4
170.6
138.9
184.7
0.'
168.
160.
182.
180.
192.
263.
150.
172.
171.
139.
185.
193.2
202.9
186.6
179.3
196.0
200.0
193.2
179.6
202 3
204 3
200.9
181.3
202 8
202.7
202.7
181.8
207 4
210 6
205.2
183 1
216.0
218.8
214.1
184.3
206.9
202.9
209.6
183.7
203.1
198.5
206.2
184.7
196.5
189.2
201.6
185.2
197.2
191.7
201.0
185.6
200.
196.
203.
187.
199.5
184.5
168.2
167.4
169.9
199.1
185.6
167.9
166.8
170.5
205.3
186.8
169.0
168.0
171.1
205.7
187.5
169.3
168.4
171.3
210.2
188.9
169.8
168.8
172.0
211.8
190.4
170.5
169.5
172.6
205.9
190.8
170.0
168.6
173.1
206.4
192.4
170.7
169.2
174.2
204.0
192.6
172.2
169.9
177.4
204.5
193.0
172.4
170.1
177.8
207.
193.
174.
172.
178.
567
235
576
251
485
484
482
542
547
535
564
86
5?3
533
598
615
76
'624
74
'627
74
645
72
649
72
652
71
147.7
161.2
165.6
166.3
166.7
167.1
146.1
143.7
147.7
145.5
151.0
140.9
130.6
136.6
152.1
156.0
161.7
163.9
151.9
165.8
150.6
154.4
130.6
163.2
150.2
214.6
145.8
140.5
136.2
137.7
136.6
117.5
122.6
148.0
140.3
150.5
137.3
133.8
159.1
157.1
160.9
158.4
163.2
151.7
145.5
149.1
166.6
171.9
175.4
178.0
156.6
171.0
166.8
169.7
137.3
181.7
167.8
235.3
169.6
158.1
142.3
150.6
149.8
127.6
146.4
158.6
153.5
168.6
150. 7
144.4
163.4
161.5
165.2
162.2
167.1
155.1
149.2
152.6
172.0
177.7
179.8
191.4
162.8
168.7
171.3
174.1
139.9
186.8
174.4
246.5
176.8
161.6
145.5
157.4
156.1
131.3
153.7
168.9
156.5
173.3
153.6
147.0
164.1
162.1
165.8
162.7
167.6
155.4
149.3
152.8
173.1
179.0
180.7
189.2
165.5
172.1
172.2
175.0
140.6
187.8
176.1
248.7
179.0
162.0
145.2
157.6
156.2
134.0
149.6
170.1
157.5
174.7
154.6
147.5
164.4
162.6
166.2
162.4
167.3
154.7
149.0
152.3
174.9
181.0
180.8
186.5
168.2
173.3
173.2
175.9
141.2
188.8
176.3
248.9
179.5
163.7
143.3
158.1
156.8
134.2
144.6
170.2
158.6
176.6
155.7
148.2
0.6
162 2
152.2
180.6
181.2
175.1
248.1
143.6
157 4
156.1
130 5
171 7
05
162 9
152 8
181 6
182 1
176 3
247 5
144 1
158 3
157 0
133 4
172 8
04
163 1
153 1
181 2
181 4
175 6
244 0
145 0
158 7
157 4
133 1
174 7
r
473
434
579
229
582
251
WHOLESALE PRICEScf
(U.S. Department of Labor Indexet)
Not Seasonally Adjusted
Spot market prices, basic commodities22 Commodities.
1967 - 1 0 0
191.7
l 227 9 l i9g 2
190 4
189 7
9 Foodstuffs __
l 243 2 l 227 3 210.1
do
203 3 200 5
13 Raw industrials
l 219 0 l 180 4
179.8
do
183 6
180 6
All commodities
178.2
174 9
do
179 3
160 1
178 7
By stage of processing:
Crude materials for further processing
199.8
196 9
do
201 2
196 1
201 3
Intermediate materials, supplies etc
182.3
do
162.9
180.0
183.7
182 6
Finished goods©
163 4
168.0
do
147 5
168 7
168 5
Consumer finished goods
163.6
168.1
168.3
168.5
do....
149.3
Producer finished goods
162.5
167.4
169.5
.do....
141.0
168.0
By durability of product:
Durable goods
170.8
165 8
168.8
do
150 1
169 4
Nondurable goods...
185 7
do
181 7 185 3
167 6
185 8
Total manufactures
171 1
175.3
do
154 1
174 4
174 7
Durable manufactures
170.7
do....
148.6
165.6
169.4
168.8
.do....
159.5
179.9
176.6
180.1
180.1
Nondurable manufactures
r
Revised.
^Preliminary.
i Computed by BEA.
J Data revised back to 1965 to
reflect new base weights; comparable data for earlier periods will be shown later.
9 Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity
468
433
553
214
Prices paid:
do
do
do
All commodities and services, interest, taxe s. and
= 100..
Parity ratio §
do
464
'423
481
504
179.7
180.0
176.9
178.1
176.3
174.2
175.1
172.7
171.7
173.8
184.9
184.6
187.3
189.0
190.1
188.4
189.4
188.9
189.3
186 7
176.0
178.7
179.7
179.7
180.8
181.5
181.9
177.6
175.6
177 0
176.4
179.7
180.0
177.7
175.6
174.6
172.3
173.6
171.4
173.1
183.4
182.7
182.8
183.5
183.7
179.4
182.7
181.3
179.6
180.7
index).
1 Data have been revised (back to 1967) to reflect new seasonal factors.
actual wholesale prices of individual commodities see respective commodities.
O
to users, incl. raw foods and fuels.
6*
181.
182.
148.
195.
192.
264.
200.
172.,
15U
171.'
170/
140.'
178. (
178.
168.
192.,
165.
154.'
181.
191.
183.
181.
185.
cT For
Goods
SURVEY OF CURRENT BUSINESS
January 1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
1975
Nov.
Annual
S-9
1976
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
COMMODITY PRICES—Continued
1
WHOLESALE PRICES^ —Continued
(U.S. Department of Labor Indexes)—Continued
All commodities—Continued
Farm prod., processed foods and feeds. 1967=100.
Farm products 9
do.__
Fruits and vegetables, fresh and dried-do...
Grains
do__.
Live poultry
do
Livestock
do...
Foods and feeds, processed 9
Beverages and beverage materials
Cereal and bakery products
Dairy products
Fruits and vegetables, processed
Meats, poultry, and
fish
Industrial commodities.
do
do
do
do
do
do
-__do_.
177.4
187.7
192.3
257.9
157.4
170.6
184.2
186.7
183.7
223.9
189.8
187.9
186.1
191.7
179.0
207.9
203.7
193.4
186.0
193.8
190,3
205.5
181.3
191.6
184.6
192.8
194.8
210.5
169.0
184.7
182.0
191.0
192.6
214.3
173.1
179.5
180.3
187.2
184.5
217.8
182.6
170.7
183.7
192.9
195.0
209.0
165.4
192.3
184.9
192.6
179.0
213.5
174.3
186.9
187.5
196.5
160.8
225.1
174.9
185.1
188.1
196.9
164.7
224.3
184.0
175.9
181.7
189.3
159.3
207.6
179.0
166.2
182.7
191.8
180.2
205.5
164.9
161.6
179.4
186.6
192.0
186.7
150.5
156.1
178.4
183.6
166.5
175.4
139.1
154.4
183.9
191.6
174.4
180.6
145.7
166.1
170.9
140.7
171.2
146.4
154.6
163.5
182.6
162.4
178.0
155.8
169.8
191.0
182.6
165.1
177.0
168.1
169.0
200.8
181.0
165.4
174.6
171.3
168.5
198.1
179.4
165.1
174.7
169.7
167.6
193.2
176.4
167.0
175.1
163.4
166.7
186.1
175.8
167.0
174.5
166.7
166.5
180.6
178.0
169.3
172.8
167.7
167.1
189.2
179.9
172.3
173.4
167.1
167.9
190.3
181.8
172.7
173.7
167.0
170.0
190.0
182.6
175.7
173.6
170.0
169.9
185.3
176.8
175.8
170.9"
173.9
171.3
174.7
177.1
176.0
169.6
170.3
172.3
176.0
174.9
177.2
170.0
169.5
173.7
168.5
174.8
178.8
168.7
168.1
175.9
168.4
179.0
183.8
168.6
167.3
175.8
176.8
153.8
171.5
175.4
176.1
177.3
178.0
178.9
180.0
180.4
181.3
182.6
183.6
184.7
186.3
187.0
187.4
183.4
197.9
211.1
129.3
257.3
170.2
184.2
199.7
212.6
130.0
246.4
170.2
184.9
192.3
215.6
131.7
245.3
171.6
185.6
190.8
217.1
132.7
256.2
171.6
187.1
190.6
218.4
133.0
243.6
172.9
186.9
189.6
218.5
133.1
235.5
172.9
187.1
188.0
218.2
134.3
243.5
173.6
187.0
184.6
219.2
134.6
258.9
174.0
187.7
185.5
220.8
135.1
249.4
175.8
188.4
186.3
221.6
135.8
251.2
176.9
188.7
184.1
222.8
135. 9
251.2
177.3
188.4
183.2
221.9
136.4
254.6
177.3
277.0
368.2
213.5
330.9
284.5
281.8
369.2
214.1
365.0
286.1
278.8
373.9
211.8
337.6
287.1
Chemicals and allied products 9
Agric. chemicals and chem. prod
Chemicals, industrial
Drugs and pharmaceuticals
Fats and oils, inedible
Prepared paint
do.
do..
do.
do.
do.
do.
146.8
137.7
151.7
112.7
338.2
145.7
181.3
203.6
206.9
126.6
255.2
166.9
182.9
197.7
210.4
128.8
260.6
170.2
Fuels and related prod., and power 9
Coal
Electric power
Qas fuels
Petroleum products, refined
do_.
do.
do.
do_.
do.
208.3
332.4
163.1
162.2
223.4
245.1
385.8
193.4
216.7
257.5
257.0
364.6
199.3
235.3
275.0
258.0
371.2
197.6
245.6
274.7
257.3
370.3
198.4
244.0
273.1
255.7
369. 3
198.9
246.7
272.9
255.7
368.3
201.5
254.3
269.6
256.9
367.8
204.6
266.1
267.0
257.2
367.4
204.9
267.8
266.8
260.3
367. 2
206.5
275.9
270.2
265.0
368.0
210.3
277.3
276.2
269.1
368.1
213.7
286.6
280.5
188.5
186.6
221.7
135.4
262.9
176.4
270.9
368.0
214.6
289.5
283.1
Furnlture and household durables 9
Appliances, household
Furniture, household
Home electronic equipment
do..
do.
do_.
do.
127.9
117.9
136.6
93.1
139.7
132.3
146.3
93.5
141.5
135.4
148.5
92.8
142.0
135.7
149.6
92.8
143.1
136.3
150.8
92.3
143.4
137.2
150.5
91.7
143.9
138.2
150.8
91.2
144.4
138.7
151.0
91.2
144.8
138.8
151.7
91.2
145.3
139.0
153.0
91.1
145.7
139.6
153.4
91.1
146.1
139.9
153.8
91.1
146.5
140.0
154.9
91.1
147.0
140.3
156.5
91.2
147.4
140.4
157.3
90.9
147.8
141.0
158.6
90.8
Hides, skins, and leather products 9
Footwear
Hides and skins
Leather
Lumber and wood products
Lumber
do..
do.
do.
do.
do.
do.
145.1
140.0
195.9
154.3
183.6
207.1
148.5
147.8
174.5
151.5
176.9
192.5
154.4
150.2
209.1
162.4
178.3
193.1
154.6
150.5
205.2
162.9
183.1
200.2
157.5
151.5
224.4
164.9
190.5
210.1
159.9
153.0
229.4
173.2
196.0
219.4
162.0
153.9
236.9
178.7
202.3
230.4
165.4
155.3
270.4
183.8
203.3
230.7
169.6
156.2
286.4
203.3
202.3
227.3
167.4
157.8
260.9
191.2
199. 8
224.3
160.1
278.6
192.2
203.7
231.2
171.3
160.6
284.8
196.3
207.5
236.2
173.6
162.6
292.1
197.5
212.7
244.3
170.8
162.7
251.4
193.1
213. 6
245.7
169.7
163.0
231.8
191.4
214.3
244.3
171.5
163.9
250. 6
191.7
219.9
252.0
Machlnery and equipment^
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Metalworking machinery and equip
do.
do.
do_
do.
do.
139.4
143.8
152.3
125.0
146.9
161.4
168.6
185.2
140.7
171.6
165.3
174.2
191.2
143.1
176.3
165.8
175.1
192.5
143.1
176.9
167.0
176.8
193.3
144.0
178.5
167.7
177.3
194.4
144.4
178.8
168.2
178.6
194.7
144.6
179.4
168.9
179.3
195.0
144.9
180.5
169.4
180.7
196.4
145.0
181.4
170.2
181.7
197.9
145.4
182.0
171.0
182.6
199.8
145.8
182.5
171.4
183.3
200.0
146.3
183.6
172.9
185.6
200.9
148.5
184.4
174.2
186.2
202.2
149.7
185.7
174.7
188.9
204.2
150.0
187.2
175.5
190.7
204.5
150.4
Metals and metal products 9
Treating equipment
Tron and steel
Nonferrous metals
do.
do.
do.
do_
171.9
135.0
178.6
187.1
185.6
150.7
200.9
171.6
187.0
152.9
204.1
170.1
187.1
155.2
204.3
169.4
187.7
155.7
205.9
169.0
189.2
155.4
209.6
169.7
190.6
155.2
211.3
171.5
192.9
156.0
213.2
177.6
194.0
156.9
213.1
181.6
196. 4
157.1
217.8
182. 9
198.7
158.5
219.7
187.2
199.0
159.3
219.6
187.5
200.0
160.1
218.7
189.9
199.9
160.1
218.8
188.4
199. 9
160.9
218. 9
187.3
200.8
161.8
222.6
184.8
do.__
do
do
do...
...do.__
do
do...
do...
153.2
135.2
151.7
137.6
151.7
148.6
136.2
133.4
174.0
151.2
170.5
144.0
170.4
172.9
150.2
148.5
177.7
156.3
172.6
146.9
171.3
172.9
151.8
151.9
178.0
156.3
173.1
144.3
173.1
173.7
151.9
151.7
181.1
159.0
177.2
150.2
174.8
176.3
152.4
151.8
181.3
159.7
177.8
148.4
175.8
176.6
154.2
152.0
182.5
160.2
177.7
150.4
176.9
178.0
155.5
155.5
185.2
160.9
178.5
150.9
178.5
179.7
156.7
155.5
185.6
161.6
178.8
153.7
179.2
181.7
157.1
155.5
186.0
162.1
178.9
153.5
179. 5
181.8
157.2
155. 5
186.9
163.1
180.1
151.7
180.5
184.5
158.2
157.1
187.7
164.6
180.7
155.1
181.0
184.8
161.0
167.2
188.2
166.1
180.1
157.6
181.6
185.2
163.6
170.6
189.1
166.2
180.0
159.1
181.4
185.6
164.5
172.6
189.1
168.2
181.1
160.1
181.7
185.9
164.8
172.1
189.5
168.8
183.0
160.1
182.0
186.4
164.6
172.3
Textile products and apparel §
do...
Synthetic fibers
Dec. 1975=100.
Processed yarns and threads
do...
Gray fabrics
do.._
Finished fabrics
do.._
Apparel
1967=100.
Textile house furnishings
do
139.1
137.9
143.2
144.0
129.5
143.1
133.4
151.9
134.8
153.3
135.1
153.3
145.1
101.3
101.5
101.8
99.3
136.5
153.8
146.3
101.7
101.5
103.0
100.5
137.4
156.2
146.7
102.1
101.5
103.3
100.8
137.8
156.6
147.4
102.6
99.9
103.5
102.4
138.6
157.1
147.0
102.8
98.9
104.8
101.6
137.9
157.1
148.1
102.8
99.8
106.2
101.3
139.4
158.8
149.0
102.7
101.4
108.1
101.3
140.2
159.5
149.2
102.6
100.0
107.7
101.1
141.1
160.6
149.0
103. 3
98.7
106.1
100.4
141.7
161.1
149.3
103.4
97.8
106.1
100.5
142.4
162.3
149.8
101.9
97.2
107.9
101.1
142.8
163.2
149.5
101.8
96.8
106.7
100.5
142.9
163.2
Transportation equipment 9...Dec. 1968 = 100.
Motor vehicles and equip
1967 = 100.
125.5
129.2
141.5
144.6
147.2
150.6
147.5
150.9
148.7
151.3
148.8
151.3
149.1
151.7
149.2
151.9
149.0
151.6
149.1
151.6
149.2
151.7
150.2
152.8
151.0
153.5
156.0
159.0
156.2
159.1
157.0
159.5
0.1
0.3
-0.2
-0.4
0.2
0.8
0.3
0.4
0.3
-0.1
0.9
0.6
0.9
208.8
186.3
207.2
186.4
209.1
189.3
200.8
189.6
202.8
191.9
204.2
193.1
211.1
194.2
211.0
195.7
180.4
161.2
143.5
172.6
172.9
167.9
176.4
162.1
143.9
174.2
173.2
169.5
177.7
163.9
145.3
176.2
174.5
170.1
177.0
165.1
146.7
177.4
177.0
171.3
178.4
166.2
147.4
178.6
177.4
173.0
182.7
166.6
147.5
179.3
178.7
Nonmetallic mineral products 9
Clay prod., structural, excl. refrac
Concrete products
Gypsum products
Pulp, paper, and allied products.
Paper
Rubber and plastics products
Tfres and tubes.
Seasonally Adjusted t
All commodities, percent change from previous
month
By stage of processing:
Crude materials for further processing 1967=100..
Intermediate materials, supplies, etc
.do
Finished goods:
Consumer finished goods
.do
Food
_.do
Finished goods, exc. foods
.do
Durable
_
do
Nondurable
do
Producer finished goods
do
By durability of product:
Total manufactures.
do.
Durable manufactures
do.
Nondurable manufactures
do.
Farm products
.do.
Processed foods and feeds.
do.
PURCHASING POWER OF THE DOLLAR
As measured b y Wholesale prices
1967=$1.00..
Consumer prices
do...
201.3
184.7
198.8
185.4
169.2
187.6
158.2
141.8
169.0
167.1
204.5
184.2
169.4
187.0
158.9
141.9
170.1
167.9
196.9
186.0
167.9
182.0
159.1
142.5
170.2
169.1
166.7
178.1
159.4
142.8
170.4
170.0
166.0
176.6
159.1
143.1
169.7
170.7
168.4
183.4
159.0
142.9
169.9
171.3
168.9
185.3
159.0
142.9
169.6
171.4
210.0
187.8
169.0
183.6
160.0
143.5
170.8
172.1
175.3
169.5
181.6
175.8
170.6
181.2
175.5
171.4
179.9
176.0
171.7
179.4
175.8
172.6
178.7
177.4
172.9
181.8
177.4
172.9
181.8
178.3
173.7
182.5
178.8
174.9
182.6
178.8
175.7
181.6
180.4
177.5
183.0
181.7
179.9
182.8
182.8
180.7
184.9
184.3
182.3
186.1
196.1
184.3
197.2
181.8
192.6
178.3
187.7
175.5
185.9
175.9
193.8
179.3
194.9
181.6
195.4
182.4
193.4
180.8
187.7
175.6
191.2
176.4
18S. 9
175.1
188.0
176. 2
194.9
179.7
$0.561
.604
$0.560
.601
$0,558
.600
$0. 558
$0.557
.597
$0.552
.595
$0.550
.591
$0.546
$0.543
.584
$0. 544
.582
$0.541
.579
$0.540 $0,539
.575
.577
$0.534
.574
207.0
183.4
$0,625
.678
$0. 572
.621
d"See corresponding note on p. S-8.
9 Includes data for items not shown separately.
§ Effective with Jan. 1976 reporting, the textile products group has been extensively reclassified; no comparable data for earlier periods are available for the newly introduced indexes.
t Beginning in the April 1976 SURVEY, data have been revised (back to 1967) to reflect new
seasonal factors.
<= Corrected.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
1975
Nov.
Annual
January 1977
1976
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept. 1 Oct.
Nov.
13, 605 '13,668
13, 257
Dec.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE J
New construction (unadjusted), total
mil. $_
138,526
132,043
12,120
10,812
9,432
9,126
10,435
11,358
12,197
13,209
13,236
13,976
Private, total 9
do___ 100,179
50,378
Residential (including farm)
do...
40,645
New housing units
do
Nonresidential buildings, except farm and public utilities, total 9
mil. $.. 29,644
Industrial
do
7,902
Commercial
do
15,945
Public utilities:
Telephone and telegraph
do
4,279
93,034
46,476
34,412
8,528
4,380
3,443
7,805
3,847
2,923
6,960
3,485
2,623
6,789
3,348
2,514
7,771
4,027
3,055
8,457
4,604
3,379
9,114
5,101
3,720
9,668
5,550
4,173
9,916
5,815
4,491
10,317 '10,005 10,357 10, 271
5, 790
5, 947 ' 5, 641 '5,872
4,628 ' 4, 721 ' 4, 807 4,683
26,406
8,017
12,804
2,251
669
2,155
689
563
854
1,974
573
937
2,069
586
2,061
582
2,096
580
2,145
583
2,143
533
2,340
590
• 2, 305 '2,319
••592
'570
1,086
1,010
1,018
1,034
1,078
1,164
•1,134
^1,172
236
1,007
1,008
220
292
327
316
300
298
341
314
336
346
349
3,592
1,306
55
91
142
992
3,007
1,212
56
87
132
1,064
40
76
121
473
991
42
79
123
373
2,644
1,086
42
84
122
2,901
1,051
50
82
117
685
3,083
997
45
83
120
820
3,541
1,081
50
87
120
997
3,320
1,100
57
66
119
3,659
1,114
63
73
123
1,071
' 3, 600 '3,311
1,121
1,020
61
52
111
91
122
115
1,022
995
138.0
137.8
136.7
139.0
145.1
143.9
142.8
464.4
145.1
147.5
' 146. 3 ' 146. 7
150.2
97.3
98.1
99.3
102.6
107.1
106.0
106.6
107.5
108.4
110.2
' 108. 7 '112.8
116.3
50.4
38.9
52.1
39.9
52.8
39.3
55.2
41.1
58.1
43.8
58.4
44.2
58.3
43.9
59.6
45.4
60.6
46.9
60.0
46.5
'58.7
'48. 8
'63.5
51.1
66.6
52.9
25.9
7.7
12.4
25.4
7.6
12.2
24.8
7.5
11.5
26.6
7.8
12.8
26.9
7.6
13.3
25.4
7.2
12.6
25.3
7.0
12.3
25.0
6.7
12.0
24.8
6.1
12.6
26.6
6.9
13.0
26.3
6.9
12.7
'25.5
6.4
12.6
25.8
6.5
12.5
3. 6
Public, total 9__
_.do
Buildings (excluding military) 9
Housing and redevelopment
Indus trial
Military facilities
Highways and streets
do_.
do.
do.
do_.
do.
38,347
14,993
1,007
766
1,188
12,069
3,689
39,009
14,616
649
919
1,391
10,345
New construction (seasonally adjusted at annual
rates), total
bil. $_.
Private, total 9
do.
Residential (including farm)
do
New housing units
do._.
Nonresidential buildings, except farm and public utilities, total 9bil. $.
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph
.do
2,337
3.3
3.8
3.5
3.5
3.8
3.6
3.6
3.7
do..
40.7
39.8
37.4
36.4
38.0
37.9
36.2
38.9
do.
.do.
.do..
do.
do..
15.0
.6
1.2
1.6
10.4
14.5
.6
1.0
1.6
10.4
13.9
.6
14.2
.6
.9
1.5
9.6
12.9
1.5
10.6
11.6
.6
.9
1.4
13.0
.9
13.8
.7
1.0
1.6
9.0
Public, total 9
Buildings (excluding military) 9
Housing and redevelopment. _ _
Industrial
Military facilities...
Highways and streets
2,472
1.5
2,290
579
1,118
3.8
3.9
3.9
37.3
37.6
'34.0
33.9
1.4
10.3
13.1
.6
.9
1.4
8.3
12.5
.7
1.0
1.5
'13.0
.7
'1.5
1.4
'11.1
.6
1.1
1.4
10.6
.5
1.1
1.5
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F. W. Dodge
Division, McGraw-Hill):
Valuation, total
mil. $.
Index (mo. data seas, adj.)
...1967=100..
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Non-building construction
New construction planning
(Engineering News-Record) O
94,370
i 170
90,237
U66
5,573
148
5,431
137
6,390
186
6,149
170
185
9,408
189
9,836
205
10,533
187
9,774
'186
8,505
••186
8,112
' 182
10,063
237
7,691
186
mil. i
do.
32,497
61,873
1,597
3,976
1,724
3,708
1,655
4,734
1,719
4,430
2,192
6,716
2,383
7,025
3,915
5,921
3,136
7,397
3,246
6,528
2,505
5,999
2,344
5,768
2,265
7,798
2,123
5,568
do
do..
do..
33,051
34,404
26,914
31,415
58,822
30,577
31,347
28,313
1,859
2,404
1,309
1,865
2,233
1,334
1,939
2,157
2,294
1,996
2,546
1,608
2,561
3,618
2,729
2,741
4,003
2,664
2,819
3,955
3,062
2,805
4,166
3,562
3,031
4,149
2,594
2,536
4,099
1,869
2,875
3,758
1,478
2,728
4,064
3,271
2,491
3,716
1,484
do.
97,102
83,795
9,909
6,052
6,648
9,791
5,088
6,893
5,193
6,041
8,003
5,948
7,056
7,359
9,771
1,352.5
932.2
1,337.7
888.1
1,171.4
766.8
1,160.4
892.2
97.2
64.6
96.9
71.6
77.1
56.6
76.1
55.6
72.9
52.7
72.5
54.0
91.6
63.9
89.9
72.6
118.8
83.9
118.4
92.4
137.4
94.5
137.2
107.8
148.3
97.8
147.9
112.2
155.1
105.5
154.2
119.6
137.4
87.2
136.6
112.8
146.8
97.7
145.9
112.8
153.1
96.6
151.8
108.0
149.7
'97.2
148. 4
109.1
129. 2
'90.5
128.1
109.3
80.1
108.6
71.6
1,381
1,048
1,283
962
1,236
957
1,547
1,295
1,417
1,110
1,367
1,055
1,422
1,065
1,510
1,139
1,382
1,123
1,537
1,171
1,840
1,280
1,814
1,337
1,716
1,237
1,940
1,323
1,513
1,036
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
Inside SMSA's.
Privately owned
One-family structures
thous
do...
do...
do.._
Seasonally adjusted at annual rates:
Total privately owned.
One-family structures. _
do.
do.
New private housing units authorized by building
permits (14,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
thous..
One-family structures
do
Manufacturers' shipments of mobile homes (Manufactured Housing Institute):
Unadjusted
._
thous
Seasonally adjusted at annual rates
__do
1,074
644
939
676
1,127
814
1,091
812
1,147
851
1,165
863
1,188
1,082
803
1,158
807
1,150
829
1,215
870
1,296
874
1,504
1,492
1,590
1,072
329.3
212.7
16.5
230
13.8
224
15.3
18.9
287
21.6
244
23.6
237
24.4
260
23.7
233
20.3
224
23.8
252
22.7
255
22.2
269
18.1
251
172.8
189.4
191.0
192.2
193.2
193.1
193.6
194.8
196. 0
198.2 ' 199. 0
199.5
198.9
200.5
201.3
1,608
1,821
1,711
1,552
1,536
1,716
1,871
1,827
1,698
1,659
1,767
1,908
1,873
1,736
1,702
1,778
1,918
1,886
1,793
1,710
1,801
1,949
1,892
1,804
1,725
1,811
1,960
1,900
1,816
1,737
1,818
1,965
1,903
1,851
1,741
1,834
1,980
1,908
1,881
1,747
1,849
1,980
1,908
1,881
1,810
1,870
1,987
1,921
1,926
1,821
CONSTRUCTION COST INDEXES
Dept. of Commerce composite
Amerlcan Appraisal Co., The:
Average, 30 cities
Atlanta
New York
_
San Francisco
St. Louis
_.-1967=100...1913=100.
do
. . . _ _ _do~
do
do
Boeckh indexes:
Average, 20 cities:
Apartments, hotels, office buildings
1967=100..
190.6
168.4
185.0
191.7
Commercial and factory buildings.
do
171.1
188.8
194.6
196.0
Residences
. _ __ do
172.0
183.5
189.0
190.3
' Revised.
P Preliminary.
i Computed from cumulative valuation total.
X Data for new construction have been revised back to Jan. 1973. The revised data are
available from the Bureau of the Census, Washington, D.C. 20233.
1,897
2,043
1,940
1,930
1,835
201.3
207.3
199.8
194.4
212.8
206.6
205.3
200.5
208.1
208.3
200.7
198.1
202.6
191.8
©Data for Oct. 1975 and Jan., Apr., July, and Sept. 1976 are for 5 weeks; other months,
4 weeks.
9 Includes data for items not shown separately.
SURVEY OF CURRENT BUSINESS
January 1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
S-ll
1976
1975
Nov.
Dec,
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
211.0
224.7
215.4
227.6
217.4
229.8
218.4
230.7
218.9
231.5
i 219. 7
i 231. 8
7.7
95
15.4
190
9.1
116
16.0
c
196
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES—Con.
Engineering News-Record:
Building
1967 = 100.
Construction
do...
Federal Highway Adm.—Highway construction:
Composite (avg. for year or qtr.)
1967=100...
178.3
188.0
193.3
205.7
201.8
203.
199.8
212.9
£
200.5
213.4
201.6
214.2
202.9
215.0
204.0
215.7
205.6
216.7
206.9
219.4
200.4
200.3
209.?
209.5
224.3
199.0
C O N S T R U C T I O N MATERIALS
Output index:
Composite, unadjusted 9 c?
Seasonally adjusted d"
1947-49 = 100.
-do
•181.1
' 160.4
181.8
171.6
215.3
140.9
166.9
182.9
122.1
157.7
169.5
123.3
162.3
136.3
123.8
179.9
106.2
87.1
82.3
161.1
157.7
6.1
87
13.8
186
5.2
71
11.4
175
Home mortgages insured or guaranteed by—
Fed. Hous. Adm.: Face amount
.mil. $.. 3,933.70 6,166.12
Vet. Adm.: Face amount§
do
7,909.60 8,863.84
496. 54
886.21
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $_. 21,804
17,845
Iron and steel products, unadjusted
Lumber and wood products, unadj
Portland cement, unadjusted
.do
-do
do
' 147.2 • 144. 2 ••151.2 • 154.6
' 154.6 1 165.8 ' 159.2 • 174.0
r
r
183.0 • 184.5 • 179.2 '192.2 ' 179.3
188. 9 • 180. 9 ' 165.0 ' 179. 4 • 186. 7
189.9
174.9
185.7
179.9
120.5
175.9
122.7
157.2
202.2
168.0
153.3
199. 5
198.2
153.3
183.2
205.5
165.7
190.0
238.7
142.4
182.4
230.9
' 147.7
- 202. 2
• 251.1
147.8
199.5
232.9
12.7
191
6.0
84
13.6
185
7.2
74
15.7
165
8.4
94
18.3
193
8.5
94
15.1
177
87
15.8
170
114
15.0
166
9.2
104
15.5
168
8.0
89
15.3
181
452.16
864. 31
456. 01
792.50
384.89
641.82
515.71
837.38
411.67
675.98
458. 49 655. 59
756. 54 1,250.56
645.90
709.55
712. 67
912.39
512. 30
995.32
544. 50 557.75
827.26 1,053.18 962. 30
17,606
17,845
17,106
16,380
15,757
15,236
14,898
15,274
15,403
15, 751
16,062
15,865
55,040
4,370
5,254
3,941
4,161
5,816
6,545
6,631
8,334
7,779
7,755
7,260
' 6,815
6,534
10,097
32,106
12,837
822
2,584
964
941
3,012
1,301
724
2,314
811
2,425
1,156
3,375
1,285
1,344
3,881
1,320
1,272
4,053
1,306
1,436
5,305
1,593
1,381
4,980
1,418
1,321
5,052
1,382
1,325
1,333
4,578 r 4,187
1,357 ' 1,295
1,304
3,967
1,263
142,803
10,414
11,057
301
287
275
299
316
247
235
184
197
236
141
162
197
232
221
147
180
191
204
235
140
192
187
192
246
144
170
193
204
224
153
198
192
212
231
145
181
REAL ESTATEH
Mortgage applications for new home construction:
F H A net applications.
..thous. u n i t s . .
Seasonally adjusted annual rates
do
Requests for VA appraisals
do
Seasonally adjusted annual rates
do
New mortgage loans of all savings and loan associations, estimated total
mil. $.By purpose of loan:
Home construction
do
7,566
Home purchase
do
23,560
All other purposes
,_do
7,833
Foreclosures
_
..number.- 140,469
Fire losses (on bldgs., contents, etc.)
mil. $..
3,190
3,560
4.4
903
925
10, 775
9,669
338
320
14.5
234
12,394
266
335
DOMESTIC TRADE
ADVERTISING
McCann-Erickson national
seasonally adjusted:
Combined index
Network T V
Spot T V .
Magazines....
Newspapers
._
advertising
.
index,
_ 1967=100
do
.do...
.do...
___do___
Magazine advertising (general and natl. farm magazines):
Cost, total
m il. $.
Apparel and accessories
do__I
Automotive, incl. accessories
do
Building materials._
l.l~6ol.
Drugs and toiletries
do I
Foods, soft drinks, confectionery
do
Beer, wine, liquors
_
do___
Household equip., supplies, furnishingsrido'I"
Industrial materials
do...
Soaps, cleansers, etc
do
Smoking materials
III do
Allother
do
Newspaper advertising expenditures (64 cities): 0
Total
mil. $.
Automotive
.
do
Classified...
do...
Financial
.do
O eneral
do
Retail
do
147
160
166
119
142
151
165
170
124
146
154
163
169
124
165
164
175
175
135
175
171
191
191
131
171
171
183
204
129
170
184
184
144
181
182
193
228
141
172
1,372.3 1,336.3
50.8
47.0
104.7
101.5
24.7
20.7
143.2
140.6
91.1
92.0
152.0
5.1
14.0
1.9
12.8
12.8
120.4
3.3
9.4
1.4
10.9
9.6
93.0
2.7
7.6
.6
10.7
4.9
109.4
3.2
10.0
1.7
12.8
7.4
130.4
5.1
13.7
2.2
12.6
9.7
144.6
6.5
14.2
3.6
13.6
10.5
158.8
5,1
16.4
3.8
14.7
9.0
123.1
2.6
11.2
2.6
13.9
10.8
100.9
1.9
8.3
1.7
11.6
6.9
101.1
3.9
6.0
1.2
12.5
142.9
7.6
7.4
3.1
13.9
9.4
182.4
7.1
19.6
3.5
17.6
15.3
194.0
6.3
18.9
2.2
16.9
17.2
13.5
7.2
2.9
2.5
12.3
17.7
3.3
2.9
1. 2
12.9
48.0
3.9
2.9
2.4
1.5
11.9
43.9
5.5
4.2
2.4
1.7
13.1
47.4
8.1
5.9
3.1
1.6
14.4
54.1
8.2
8.4
4.0
2.3
14.5
58.8
9.4
10.3
6.2
2.2
15.7
66.0
9.1
5.6
4.1
1.5
13.4
48.3
6.7
4.6
3.1
2.2
12.2
41.7
5.9
4.7
3.2
2.3
13.0
41.3
8.3
8.3
4.3
2.3
12.5
65.8
12.5
10.8
5.0
2.8
13.3
74.9
15.8
11.7
5.4
2.8
14.9
82.1
3,844.6 4,100.1 • 412.9 347.0
'9.1
108.8
93.8
4.6
"85.7
967.0
978.6
63.4
'10.4
134.8
131.0
11.0
•"55.9
513.7
544.3
43.3
2,120.4 2,352. 5 ' 251. 8 224.7
348.3
8.9
87.6
13.6
49.7
188.4
383.0
9.3
99.1
9.4
54.3
211.0
409.6
9.8
104.3
14.1
60.7
220.7
427.3
10.9
105.4
13.8
63.0
234.3
463.5
10.3
118.6
10.4
66.0
258.1
422.9
9.5
109.3
12.3
58.4
233.5
362.7
8.6
104.9
10.5
42.1
196.6
406.1
9.5
118.4
6.7
44.9
226.5
427.1
11.2
106.4
11.2
60.4
237.9
492.9
12.9
118.6
14.5
74.8
272.0
478.4
12.3
100.0
11.2
68.4
41,512
17,901
23,611
40,198
17,815
22,383
39,095
17,342
21,753
42,196
18,981
23,215
39,877
17,500
22,377
41, 296
18,539
22,757
42,154
18,818
23,336
40,936
18,043
22,893
41, 375
17,870
23,505
141
150
153
121
141
103.4
79.6
35.4
17.6
136.7
585.1
100.9
55.1
34.2
19.4
144.2
580.7
WHOLESALE TRADE
Merchant wholesalers sales (unadj.), totaL.mil. $ 448,127
Durable goods establishments
do
202,341
Nondurable goods establishments
I d o l " ! 245,786
Merchant wholesalers inventories, book value,
end of year or month (unadj.), total., mil. $
Durable goods establishments
do . .
Nondura ble goods establishments do
46,695
27,529
19,166
439,000
185, 922
253, 078
35,827
14,835
20,992
37,831
15,511
22,320
35,990
15,129
20,861
35,860
15,225
20,635
45, 497
27,430
18,067
45,865
27,299
18,566
45,497
27,430
18,067
45,945
27,664
18,281
•49,929 50,734
46,604 46,857 46,953 47,422 48,029 48,421 48,226
28,134 28,505 28,723 29,393 29,754 29,906 29,486 30,048 ' 30,129 30,342 .
18,470 18,352 18,230 18,029 18,275 18,515 18, 740 18,884 19,800 20, 392
©Source: Media Records, Inc. 64-City Newspaper Advertising Trend Chart.
d"Monthly
revisions back to Jan. 1974 will be shown later.
p
oo^,5 e v l s e d V
Preliminary.
i Index as of Jan. 1, 1977: Building, 220.4; construction,
232.2.
9 Includes data for items not shown separately.
§Data include guaranteed direct
loans sold.
'Corrected.
UHome mortgage rates (conventional 1st mortgages) are under money and interest rate
on p. o—18.
r
SURVEY OF CUKRENT BUSINESS
S-12
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of B U S I N E S S S T A T I S T I C S
1974
1975
1975
Annual
January 1977
Nov.
1976
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
DOMESTIC TRADE—Continued
RETAIL TRADER
All retail stores: H
Estimated sales (unadj.), total If..
...mil. $_
537,782
584,423
50,526
60,681
46,767
45,243
51,752
54,633
54,460
55,449
55,938
54,165
53,158
55,962
56,267
67,813
do__.
do...
do...
do_..
167,313
93,089
84,773
8,316
180,725
102,105
93,046
9,059
15,248
8,422
7,647
775
16,855
8,412
7, 568
844
14,213
8,299
7,619
14,764
8,954
8,311
643
17,758
10,932
10,135
797
18,670
11,339
10,468
871
18,511
11,140
10,298
842
19,617
11,876
11,009
867
19,062
11,412
10,513
18,230
10,648
9,769
879
17,602
9,983
9,167
816
18,259
10,561
'9,691
'870
17,889
10,229
9, 322
907
19,167
i 9,850
Furniture, home furn., and equip. 9 - - - d o . . .
Furniture, homefurnishings stores do___
Household appliance, TV, radio
do...
25, 544
15,364
8,006
26,123
15,283
8,420
2,389
1,419
747
2,925
1,534
1,042
2,138
1,228
693
2,064
1,226
654
2,304
1,366
728
2,311
1,392
706
2,306
1,370
723
2,424
1,440
776
2,415
1,425
773
2,404
1,448
745
2,367
1, 393
752
r 2,447
r 1,470
' 2,592
1,560
803
Building materials and hardware
Lumber, bldg. materials dealersd"
Hardware stores
23,491
18,328
5,163
23,974
18,202
5,772
2,090
1,597
493
2,073
1,477
596
1,710
1,323
387
1,773
1,367
406
2,137
1,668
2,359
1,820
539
2,460
1,891
569
2,641
2,050
591
2,620
2,063
557
2,573
2,079
494
2,540
2,033
507
* 2,508
1,972
'536
2,473
1,920
553
370,469
24,864
5,668
9,551
3,979
403,698
26,749
6,085
10,396
4,123
35,278
2,409
549
942
361
43,826
3,894
969
1,435
485
32,554
1,976
461
767
303
30,479
1,768
378
715
272
33,994
2,050
438
810
329
35,963
2,377
508
903
412
35,949
2,194
484
874
335
35,832
2,213
512
871
335
36,876
2,201
470
874
331
35,935
2,308
465
884
381
35,556
2,327
459
939
392
37,703
' 2, 477
'517
' 1, 001
'385
38,378
' 2, 559
567
1,008
380
48,646
i 4,016
16,785
41,840
119,763
111,347
39,910
18,098
47,514
131,723
122,666
43,895
1,470
4,050
11,008
10,265
3,649
2,114
4,110
11,778
10,925
3,817
1,481
3,889
11,723
10,988
3,654
1,462
3,723
10,507
9,775
3,475
1,571
4,083
11,176
10,384
3,779
1,591
4,218
11,535
10,717
3,851
1,598
4,564
11,770
10,930
3,935
1,615
4,544
11,657
10,798
4,079
1,598
4,786
12,531
11,661
4,322
1,619
4,760
11,603
10,761
4,219
1,551
4, 455
11,636
10,832
3, 989
' 1,625 ' 1 , 6 4 6
' 4,530 ' 4, 221
12,153 ' 11,580
11,312 ' 10,780
' 4,116 ' 4, 037
i 2,377
i 4, 498
13,362
12,396
i 4,163
89, 286
95,402
9,432
14,005
6,247
6,213
7,696
8,292
7,949
8,144
8,023
8,381
8,315
r 9, 067
10,486
82, 535
55,871
5,839
8,714
10,285
88,544
60, 719
5,995
9,120
10,974
8,778
6,032
690
830
936
13,353
9,437
722
1,456
1,268
5,748
3,918
366
555
841
5,718
3,840
432
563
7,074
4,776
579
670
848
7,698
5,394
521
672
7,386
5,196
444
639
931
7,561
5,390
439
624
954
7,435
5,207
456
619
1,043
7,782
5,439
549
634
940
7,652
5,460
543
595
908
r 8, 353
' 5, 863
'645
'672
'963
' 9, 737 i 14,711
r 6, 830 10,771
709
872
967
do..
50,552
51,734
51,592
52,601
53,344
53,696
52,868
53,983
53,754
54,643
54,100
do..
do..
do..
do_.
15,904
8,945
8,188
757
16,690
9,666
8,899
767
16,730
9,605
8,778
827
17,397
10,346
9,509
837
17,403
10,162
9,307
855
18,046
10,704
9,875
829
17,419
10,249
9,456
793
17,803
10,523
9,725
17,699
10,345
9,531
814
18,208
10,795
9,938
857
17,481
10,125
9,307
818
17,559
10,098
' 9,256
'842
18,202
10,513
9,640
873
19,142
11,493
Furniture, home furn., and equip. 9
Furniture, homefurnishings stores
Household appliance, TV, radio
do..
do..
do..
2,335
1,375
748
2,347
1,370
2,273
1,326
713
2,332
1,385
736
2,388
1,392
792
2,385
1,402
756
2,380
1,359
782
2,417
1,397
788
2,394
1,389
749
2,414
1,438
749
2,361
1,419
728
' 2,439
'1,434
'793
r 2, 509
1,490
805
2,428
Building materials and hardware
Lumber, bldg. materials dealers©*
Hardware stores
do.
do..
do.
2,162
1,665
497
2,186
1,685
501
2,255
1,748
507
2,291
1,746
545
2,364
1,815
549
2,340
1,800
540
1,792
500
2,312
1,808
504
2,297
1,800
497
2,324
1,828
496
2,365
1,858
507
'2,319
1,809
'510
2,480
1,926
554
Nondurable goods stores 9%
do..
Apparel and accessory stores
do..
Men's and boys' wear stores
do..
Women's apparel, accessory stores...do..
Shoe stores
do_.
34,648
2,289
513
888
358
35,044
2,337
516
885
364
34,862
2,311
505
906
354
35,204
2,369
507
935
374
35,941
2,377
529
915
375
35,650
2,229
506
887
339
35,449
2,265
496
895
36,180
2,324
519
919
352
36,055
2,393
527
936
352
36,435
2,422
522
946
371
36,619
2,395
515
956
362
37,075
' 2,446
'535
'957
' 372
37,455
' 2,403
525
928
378
38,229
i 2,396
1,556
4,163
11,250
10,464
3,716
1,569
4,219
11,247
10,463
3,853
1,522
4,213
11,433
10,642
3,867
1,572
4,174
11,424
10,625
3,861
1,643
4,321
11,567
10,749
3,892
1,605
4,304
11,448
10,643
3,886
1,609
4,355
11,629
10,790
3,809
1,625
4,283
11,765
10,929
3,922
1,616
4,387
11,614
10,797
3,943
1,649
4,367
11,805
10,992
3,958
1,634
4,407
11,774
10,975
3,985
' 1, 667
' 4, 356
11,909
11,079
' 4, 067
r
1,720
' 4, 392
11,987
11,136
' 4, 090
1
8,314
8,459
8,022
8,401
8,606
8,337
8,187
8,452
8,716
8,611
' 8, 939
' 8, 997
1
i 8, 534
• 5, 944 i 6, 099
569
656
967
Durable goods stores 9
Automotive dealers
Passenger car, other auto, dealers
Tire, battery, accessory dealers
Nondurable goods stores 9
Apparel and accessory stores
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
do...
do._.
do
do..
do_
do..
do_.
do_.
Drug and proprietary
do..
p r e t r y sstores
Eatingg and drin*
inking places
do—
Food stores
do...
Grocery stores
do—
Gasoline service stations
do—
General merchandise group with nonstores9
mil. $.
General merchandise group without nonstores 9 §
mil. $.
Department stores
do...
Mail order houses (dept. store mdse.).do.. Variety stores
do...
Liquor stores.
do...
Estimated sales (seas, adj.), totalUt
Durable goods stores 9 %
Automotive dealers
Passenger car, other auto, dealers
Tire, battery, accessory dealers
Drug and proprietary stores
Eating and drinking places
Food stores
Grocery stores
Gasoline service stations
do.
do..
do..
do..
do..
General merchandise group with nonstores 9 - - mil. $..
General merchandise group without nonstores 9 §
mil. $_.
Department stores
do
Mail order houses (dept. store mdse.)..do
Variety stores
do.
Liquor stores __
_
do.
1
7,870
5,427
532
771
920
7,443
5,075
524
753
899
7,849
5,408
533
764
918
7,996
5,471
568
785
939
7,745
5,416
528
663
941
7,604
5,324
508
7,865
5,580
516
655
970
7,814
5,481
540
656
955
8,100
5,713
554
666
957
7,974
5,676
547
637
952
' 8,305
' 5,851
598
'664
'955
71,908
33,472
17,098
5,150
4,355
73,041 78,428
33, 970 34,413
16, 690 16,502
5,407
5,294
4, 695
4,610
73,041
33,970
16,690
5,294
4,610
73,187
34,208
16,861
5,188
4,739
75,366
35,022
17,451
5,141
4,857
78,037
36,325
18,146
5,290
5,065
79,321
36,879
18,351
5,419
5,132
79,235
36,888
18,254
5,438
5,134
79,819
37,160
18,252
5,497
5,063
79,320
36,766
17,777
5,523
5,087
78,475
35,029
16,119
5,506
5,086
81,141
36, 090
16,766
5,722
5,171
83,875
36,831
17,072
5,931
5,241
85,395
37,867
17,795
6,028
5,249
38,436
5,385
8,116
39,071
5,342
8,189
44,015
6,162
8,376
39,071
5,342
8,189
38,979
5,287
8,015
40,344
5,566
8,097
41,712
5,855
8,162
42,442
5,918
8,275
42,347
5,887
8,279
42,659
5,979
8,322
42,554
6,059
8,285
43,446
6,324
8,329
45,051
6,728
8,411
47, 044
6,942
8,772
47,528
6,909
9,153
15,528
9,245
15,864
9,735
19,495
12,223
15,864
9,735
16,113
9,857
17,011
10,375
18,076
11,150
18,754
11,688
18,969
11,824
18,926
11,626
18, 962
11,582
19,478
11,929
20,343
12,461
21,506
13,462
21, 568
13,825
73,851
34,301
17,627
5,176
4,546
74,676
34,474
16,876
5,315
4,817
75,129
34,568
16,960
5,169
4,820
74,676
34,474
16,876
5,315
4,817
75,292
34,479
16,727
5,294
4,871
76,243
34,592
16,828
5,278
4,852
35,231
17,151
5,387
4,946
78,102
35,462
17,199
5,430
4,958
78,406
35,547
17,140
5,460
4,965
79,375
35,863
17,170
5,536
4,916
79,917
36,523
17,446
5,573
5,057
81,118
37,515
18,443
5,523
5,096
81,848
37,822
18,364
5,671
5,271
81,658
37,518
17,895
5,736
5,326
81,410
37,683
17, 957
5,757
5,389
Nondurable goods stores 9
do...
39,550 40,202 40, 561 40,202 40,813
Apparel and accessory stores
..do...
5,594 5,607
5,639
5,594
5,728
Food stores
do
8,060 8,031
8,060
7,988
8,104
General merchandise group with nonstores
...mil. $.
16,736
17,099 17,362 17,099 17,493
Department stores
..do
9,973 10,502 10,666 10,502 10,737
'Revised, i Advance estimate.
H Data may be understated because of deficiencies in
the probability sample being used for current estimates (the 1972 Census of Retail Trade
indicates that total retail sales for 1972 were 4.8 percent higher than the estimates made from
the sample). A comprehensive revision of the survey (including the selection of a new and
improved sample) is now underway; revised data will be introduced upon its completion.
9 Includes data not shown separately.
d" Comprises lumber yards, building materials
41,651
5,798
8,187
42,067
5,873
8,178
42,640
5,954
8,283
42,859
5,977
8,321
43,512
6,177
8,415
43,394
6,246
8,420
43,603
6,249
8,482
44,026
6,383
8,470
44,140
6,410
8,600
43,727
6,287
8,776
Nondurable goods stores 9 .
do
Apparel and accessory stores
do
Food stores
do...
General merchandise group with non
stores
:
mil. $.
Department stores
do
Book value (seas, adj.), total t
Durable goods stores 9
Automotive dealers
_
Furniture, home furn., and equip
Building materials and hardware
do
do
.do
do
do
3,084
15,421
54,634 ' 55,657
7,733
5,35 i
493
766
930
Estimated inventories, end of year or month: f
Book value (unadjusted), total f
mil. $..
Durable goods stores 9
do
Automo tive dealers
do
Furniture, home furn., and equip
do
Building materials and hardware
do
1
57,371
1,748
i 4,521
12,328
11,457
i 4,188
9,170
18,870 19,171 19,256 19,184 19,328 19,537 19,517 19,183
11,711 11,895 11,912 11,855 11, 905 12,016 12,117 12,053
dealers, and paint, plumbing, and electrical stores.
§ Except department stores mail order.
tSeasonally adjusted data have been revised back to Jan. 1973 to reflect new seas. adj.
factors (revisions prior to May 1975 are available from the Bureau of the Census, Wash.,
D.C. 20233).
t Series revised beginning Jan. 1974 to reflect benchmark data from the 1975
Annual Retail Trade Report and new seas, factors; revisions for Jan. 1974-Aug. 1975 appear
18,054
11,120
18,426
11, 366
on p. 22 ff. of the Nov. 1976 SURVEY.
SURVEY OF CURRENT BUSINESS
January 1977
Unless otherwise stated i n footnotes below, d a t a
through 1974 a n d descriptive notes a r e a s shown
In t h e 1975 edition of B U S I N E S S S T A T I S T I C S
1974
1976
1975
1975
Annual
Nov.
S-13
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
17,251
18,239
Dec.
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
Firms with 11 or more stores:
Estimated sales (unadj.), total 9
183,076
16,606
21,871
14,124
13,349
15,389
16,242
15,901
16,001
16,356
16,184
16,079
6,428
2,390
1,737
6,451
2,598
1,806
7,103
617
232
157
593
1,014
378
234
937
444
166
117
575
401
153
107
578
498
188
133
639
618
226
172
647
542
206
128
652
548
204
133
665
506
196
127
658
569
213
153
681
583
237
139
636
70,597
75,629
7,536
11,299
4,876
6,122
6,595
6,295
6,474
6,355
6,628
• 7,244
8,416
67,289
49,802
72,339
54,159
7,355
7,212
5,365
682
11,010
8,353
1,196
4,650
3,489
437
4,636
3,425
453
5,796
4,270
549
6,315
4,821
535
6,029
4,634
502
6,197
4,817
490
6,081
4,667
482
6,413
4,894
490
6,303
4,866
465
•6,880
• 5,223
••506
8,051
6,090
567
68,432
2,251
5,788
185
6,108
202
6,212
153
5,504
142
5,877
182
6,034
219
6,064
192
5,975
211
6,496
202
5,911
197
6,014
176
• 6,358
'191
6,064
197
15,826
15,978
15,663
16,079
16,420
15,999
15,978
16,402
16,295
16,846
16,636 r 16,971
17,179
577
218
155
624
601
219
164
629
576
221
145
622
586
222
149
654
581
209
158
691
541
210
136
656
559
207
134
664
573
213
139
580
220
146
667
586
220
148
694
580
236
126
679
'600
••238
'136
601
224
149
719
6,608
6,718
6,359
6,677
6,844
6,625
6,495
6,773
6,703
6,957
6,872
• 7,121
7,192
6,327
4,777
618
6,437
4,836
626
6,084
4,525
6,420
4,817
626
6,534
4,886
647
6,352
4,831
527
6,227
4,743
523
6,478
4,971
513
6,394
4,887
512
6,675
5,114
521
6,561
5,053
497
• 6,823
• 5,213
'520
6,892
5, 319
515
5,859
187
5,826
187
5,871
191
5,957
187
6,009
193
5,921
199
6,040
181
6,160
189
6,037
183
6,282
192
6,156
177
• 6, 203
' 181
6,194
200
29,625
8,901
20,724
27,726 29,625
8,781
8,901
18, 945 20,724
28,221
8,433
19,788
27,802
8,564
19,238
27,819
8,684
19,135
19,427
28,732
9,187
19,545
28,729
9,433
19,296
28,321
9,313
19,008
28,506
9,377
19,129
9,560
19, 429
29,593
9,605
19,988
mil. $. 169,434
Apparel and accessory stores 9
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
do
do
do
do
General merchandise group with nonstores 9
mil. $-.
General merchandise proup without nonstores §
mil. $..
Dept. stores, excl. mail order sales
do
Variety stores
do
Grocery stores
Tire, battery, accessory dealers
Estimated sales (seas, adj.), total9t--_
do.
do..
do.
Apparel and accessory stores 9
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
do.
_do_.
__do_.
do.
62,614
2,168
General merchandise group with nonstores 9
mil. $_.
General merchandise group without nonstores §
m il. $..
Dept. stores, excl. mail order sales
do
Variety stores
do
Grocery stores
do..
Tire, battery, accessory dealers
do.
All retail stores, accts. receivable, end of yr. or mo.:
Total (unadjusted)
mil. $._ 28,916
Durable goods stores
do
8,578
Nondurable goods stores
..do
20,338
Charge accounts
Installment accounts
Total (seasonally adjusted)
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
'610
'239
'139
'681
do
do
do
do.
do.
10,806
18,110
11,428
18,197
11,069
16,657
11,428
18,197
10,990
17,231
10,891
16,911
11,203
16,616
11,874
16, 515
12,229
16,503
12,128
16,601
11,882
16,439
11,887
16,619
12.127
16,862
12,454
17,139
27,035
8,434
18,601
27,764
8,799
18,965
27,460
8,756
18,704
27,764
8,799
18,965
27,895
8,749
19,146
28,173
8,995
19,178
28,439
9,040
19,399
28,716
9,192
19,524
28,564
9,069
19,495
28,760
9,203
19,557
28,858
9,159
19,699
28,954
9,131
19,823
29.128
9,255
19,873
29,580
9,298
20,282
_..do_.
do..
10,374
16,661
11,028
16,736
10,942
16,518
11, 028
16,736
11,330
16,565
11,399
16,774
11,620
16,819
11,929
16,787
11,797
16,767
11,826
16,934
11,936
16,922
11,955
16,999
12,073
17, 055
12,204
17,376
648
243
151
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas!
...mil.
1211. 90
1213. 54
214.19
214. 30 214. 44 214. 55 214. 65 214. 76 214. 86 214. 99 215.12
215.28
215.43
215.60
215. 74
215.87
LABOR FORCED
Not Seasonally Adjusted
Labor force, total (including armed forces), persons
16 years of age and over
_ thous
Civilian labor force
do
Employed, total
Z.ZZZZZZZZdoZZZ
Agriculture
"" do
Nonagricultural industries
...do!!!"
Unemployed
do
93,240
91,011
85,936
3,492
82,443
5,076
94,793
92, 613
84, 783
3,380
81,403
7,830
94,943
92,787
85,556
3,156
82,400
7,231
94,888
92,731
85,536
2,856
82,680
7,195
94,805
92,665
84,491
2,853
81,638
8,174
94,944
92,798
84,764
2,802
81,963
8,033
99,325
97,185
89,608
3,931
85,677
7,577
98,837
96,690
89,367
3,842
85,525
7,323
97,120
94,975
87,949
3,396
84,553
7,026
97,677
95,530
88,697
3,447
85,250
97,786
95,637
88,542
3,081
85,460
7,095
97,662
95,517
88,494
2,850
85,645
7,022
93,117
85,178
3,301
81,877
93,129
85,394
3,236
82,158
93,484
86,194
3,343
82,851
93,455 93,719
86, 319 86,692
3,170 3,179
83,149 83,513
94,439 94,557 94,643 95,333
87,399 87,697 87,500 87,907
3,417 3,329 3,294 3,341
83,982 84,368 84,206 84,566
95,487
87,981
3,424
84,557
95, 203 95,342
87,819 87,773
3,286
3,329
84,533 84,444
95,899
88,130
3,232
84,898
95, 910
88,352
3,232
85,120
2,483
7,939
3,004
7,735
3,080
7,290
2,785
7,136
2,515
7,027
2,294
7,040
2,035
6,860
1,998
7,143
2,215
7,426
2,317
7,506
2,387
7,384
2,314
7,569
2,330
7,769
2,556
7,558
2,594
5.6
3.8
5.5
16.0
8.5
6.7
8.0
19.9
8.5
7.1
7.9
19.0
6.6
8.0
19.6
7.8
5.8
7.5
19.9
7.6
5.7
7.5
19.2
7.5
5.6
7.3
19.1
7.5
5.4
7.3
19.2
7.3
5.6
6.8
18.5
7.5
6.0
7.1
18.4
7.8
6.1
7.6
18.1
7.9
5.9
7.7
19.7
7.8
6.1
7.5
18.6
7.9
6.3
7.6
19.0
8.1
6.5
7.7
19.0
7.9
6.2
7.6
18.9
5.0
9.9
2.7
7.8
13.9
5.1
7.8
13.9
5.1
7.6
13.8
4.8
7.1
13.2
4.1
13.7
4.1
12.5
4.1
6.7
13.0
3.9
6.6
12.2
4.0
6.8
13.3
4.4
7.1
12.9
4.5
7.1
13.6
4.2
7.1
12.7
4.6
7.3
13.5
4.4
7.4
13.6
4.6
7.1
13.6
4.3
3.3
6.7
4.7
11.7
4.8
11.3
4.8
10.7
4.7
9.4
4.6
9.3
4.6
9.1
4.8
9.0
4.6
9.0
4.4
9.3
4.8
9.6
5.0
4.5
9.8
4.5
9.7
4.7
9.8
4.5
9.7
5.7
10.6
5.7
5.4
9.2
18.1
10.9
11.3
9.2
17.5
10.5
10.8
8.9
16.6
9.6
9.9
8.1
15.4
8.1
8.2
8.0
15.5
8.0
8.0
7.7
16.0
7.3
7.4
7.6
15.3
7.6
7.7
7.6
14.1
7.3
7.4
7.8
17.0
7.6
7.5
8.0
17.7
7.8
7.3
8.2
17.1
8.2
7.7
8.0
15.8
8.0
7.4
8.1
14.9
8.2
8.1
8.3
15.4
8.3
7.7
8.1
13.9
8.5
8.3
Seasonally Adjusted cf
Civilian labor force
Employed, total
!"!!!!!!!!
do
do"
Agriculture
ZZZZZZZ~do"
Nonagricultural industries
...~do.
Unemployed
do
Long-term, 15 weeks and over
do.."
Rates (unemployed in each group as percent
of total in the group):
All civilian workers
Men, 20 years and over
!!!!!!!!!!!!"
Women, 20 years and over
_
'_/_
Both sexes, 16-19 years
~~~~~~~~~~~~~
White
Negro and other races
Married men, wife present
Occupation: White-collar workers
Blue-collar workers
I n d u s t r y of lastjob (nonagricultural)":
P r i v a t e wage a n d salarv workers
Construction
..".
_ """'
Manufacturing
Durable goods
11.111.1"!
"!!!!!!
'Revised.
i As of July 1.
9 Includes data not shown separately.
§ Except department stores mail order.
X bee corresponding note on p. S-12.
tRevisions
back
to
Oct.
1973
appear
in
"Population
Estimates and Projections: Estimates
?T i £S£ U £ t l 0 n o f t h e U n i t e d States and Components of Change-1930-75," P-25, No. 632
(July 1976), Bureau of the Census.
95,260 95,618
93,112 93,474
85,588 86,584
2,897 3,273
82,691 83,311
7,525 6,890
95,724
93,582
87, 278
3,415
83,863
6,304
98,251
96,114
88,460
3,780
84,680
7,655
c? Beginning in the Feb. 1976 SURVEY, data (revised back to Jan. 1971) reflect new seasonal
factors and a modification of the procedures previously used to seasonally adjust a few of the
series (teenage unemployment and those few other unemployment series of which teenagers
are the exclusive or major part). Comparable monthly data back to 1967 appear in EMPLOYMENT AND EARNINGS (Feb. 1976), USDL, BLS.
January 1977
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1974
Nov.
Annual
1976
1975
1975
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.p
Dec.p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
E MPLOY MENT t
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seasonal variation thous..
Private sector (excl. government)
do
78, 413
64, 236
76, 985
62, 212
78, 339
63,151
78, 527
63,300
77,091
62,050
77,339
62,098
77,906
62,584
78, 688
63,392
79,115
63,826
79, 805
64,637
78, 891
64,416
79,187
64,824
79.910
65,110
80,204
64,957
80,524
65,127
80, 722
65,304
Total employees, nonagricultural payrolls t-do
Private sector (excl. government)
do....
Nonmanufacturing industries
do....
Goods-producing
do
Mining
do
Contract construction
do
78, 413
64, 236
44,190
24,697
694
3,957
76, 985
62, 212
43, 865
22,549
745
3,457
77,542
62, 584
44,112
22,639
761
3,406
77,764
62,763
44, 208
22,713
766
3,392
78,142
63,149
44, 445
22,880
767
3,409
78,358
63,358
44, 584
22,920
767
3,379
78,692
63, 654
44,757
23,050
773
3,380
79,011
63, 958
44, 950
23,196
775
3,413
79,006
63, 944
44,944
23,169
776
3,393
79,043
63, 954
44, 970
23,140
781
3,375
79,183
64,092
45,147
23,118
791
3,382
79,278
64,156
45,177
23,080
752
3,349
79,572
64,477
45,377
23, 228
798
3,330
79,467
64,337
45,396
23,081
'800
r 3,340
79,700
64,538
45,481
23,218
'808
' 3,353
79, 957
64,770
45, 677
23,248
806
3,349
Manufacturing
do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies.do
Transportation equipment
do
Instruments and related products, .do
Miscellaneous manufacturing
do
20,046
11, 895
177
626
517
690
1,344
1,505
2,218
2,030
1,821
520
448
18,347
10, 679
171
557
451
614
1,180
1,336
2,069
1,761
1,649
489
404
18,472
10, 652
162
578
469
614
1,145
1,342
2,026
1,764
1,652
491
409
18,555
10, 709
163
581
473
614
1,153
1,345
2,024
1,773
1,679
494
410
18,704
10,810
162
591
477
617
1,159
1,357
2,035
1,782
1,714
497
419
18,774
10,857
161
594
484
615
1,166
1,369
2,039
1,797
1,710
500
422
18,897
10, 956
161
597
488
618
1,178
1,380
2,047
1,818
1,739
505
425
19,008
11,016
160
600
493
626
1,187
1,387
2,056
1,830
1,742
509
426
19,000
11, 062
160
601
496
627
1,193
1,392
2,068
1,837
1,747
512
429
18,984
11,059
158
601
493
628
1,200
1,390
2,069
1,837
1,743
513
427
18,945
11, 034
156
605
490
631
1,206
1,387
2,084
1,815
1,728
512
420
18,979
11,083
157
605
486
628
1,215
1,394
2,090
1,843
1,737
510
418
19,100
11,146
156
613
495
630
1,216
1,404
2,115
1,848
1,737
512
420
18,941
11,018
155
613
491
630
' 1,194
'1,387
' 2, 078
' 1, 849
' 1,695
511
'415
19,057
11,134
'157
'620
'489
'635
r
1,185
r
1,399
' 2,108
1,862
' 1,753
'514
'412
19, 093
11,181
155
625
491
629
1,183
1,409
2,115
1,871
1,769
517
417
Nondurable goods
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile products, .do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee _ .do
Leather and leather products
do
8,151
1,713
80
988
1,348
702
1,112
1,057
199
676
278
7,668
1,676
78
902
1,235
643
1,079
1,013
197
588
257
7,820
1,688
80
950
1,290
651
1,072
1,017
202
601
269
7,846
1,690
79
952
1,299
657
1,073
1,018
201
606
271
7,894
1,698
79
958
1,311
664
1,070
1,024
203
612
275
7,917
1,706
963
1,309
669
1,069
1,029
204
614
277
7,941
1,698
75
966
1,319
671
1,074
1,030
204
627
277
7,992
1,707
76
973
1,322
677
1,076
1,036
205
641
279
7,938
1,712
76
977
1,321
679
1,079
1,034
203
578
279
7,925
1,718
75
973
1,320
678
1,077
1,029
202
577
276
7,911
1,719
80
970
1,299
680
1,082
1,037
201
572
271
7,896
1,715
78
969
1,292
679
1,082
1,040
202
572
267
7,954
1,711
76
971
1,281
681
1,086
1,035
202
643
268
' 7,923
' 1, 706
76
961
'1,273
'677
1,087
' 1,032
202
645
264
• 7, 923
' 1, 703
'75
' 959
• 1, 275
• 680
' 1, 090
' 1,035
'203
'640
'263
7,912
1,696
74
958
1,263
680
1,092
1,041
203
643
262
53,715
4,696
17, 017
4,223
12,794
4,208
13, 617
14,177
2,724
11, 453
54,436
4,498
16, 947
4,177
12,771
4,223
13, 995
14, 773
2,748
12, 025
54,903
4,482
17,027
4,178
12,849
4,248
14,188
14,958
2,756
12, 202
55,051
4,477
17, 084
4,194
12,890
4,260
14, 229
15,001
2,753
12, 248
55,262
4,489
17, 207
4,214
12,993
4,266
14,307
14,993
2,749
12,244
55,438
4,504
17,308
4,231
13,077
4,266
14,360
15,000
2,742
12,258
55,642
4,507
17,399
4,236
13,163
4,276
14,422
15,038
2,735
12,303
55,815
4,510
17,465
4,250
13, 215
4,289
14,498
15,053
2,733
12,320
55,837
4,503
17,461
4,258
13, 203
4,282
14, 529
15,062
2,730
12,332
55,903
4,482
17,460
4,254
13, 206
4,301
14, 571
15,089
2,728
12,361
56,065
4,508
17, 531
4,271
13, 260
4,312
14, 623
15,091
2,723
12,368
56,198
4,501
17, 554
4 272
13', 282
4,312
14,709
15,122
2,732
12,390
56,344
4,528
17, 625
4,283
13,342
4,338
14,758
15,095
2,728
12,367
56,386
' 4,506
17,610
' 4,292
13,318
' 4,359
• 14,781
• 15,130
2,730
• 12,400
56,482
4,510
17,585
' 4,297
13,288
' 4,381
14,844
15,162
2,734
12,428
56, 709
4,537
17, 685
4,305
13, 380
4,403
14,897
15,187
2,736
12,451
53,029
14, 613
51,046
13,070
51,952
13, 370
52,113
13, 329
50,872
13,243
50,907
13,290
51,361
13,409
52,102
13,529
52,497
13,571
53, 226
13, 774
52, 976
13,470
53,356
13,797
53,638
14,040
•53,487
• 13,807
53,681
13,839
53,743
13,746
53, 029
18,374
527
3,234
14, 613
8.641
85
533
423
552
1,074
1,150
1, 495
1,372
1,285
322
350
51,046
16,397
565
2,762
13,070
7,543
80
464
364
485
919
996
1,346
1,140
1,148
293
309
51,400
16,497
577
2,706
13, 214
51,582
16, 566
582
2,691
13, 293
51,902
16, 719
582
2,704
13,433
7,535
7,593
7,689
73
495
390
491
903
1,019
1,312
1,168
1,214
301
323
52,099
16, 742
581
2,665
13,496
7,734
73
497
397
489
910
1,030
1,318
1,180
1,211
304
325
52,358
16,856
587
2,667
13, 602
7,815
73
500
400
492
922
1,039
1, 323
1,198
1,234
306
328
52,623
16, 990
588
2,702
13, 700
7,871
73
501
405
499
931
1,047
1,329
1,210
1,239
310
327
52,607
16,972
588
2,691
13,693
7,916
73
503
408
500
938
1,052
1,342
1,218
1,241
312
329
52,606
16, 928
592
2,671
13, 665
7,905
72
504
405
501
943
1,049
1,336
1,218
1,236
313
328
52,695
16,906
599
2,689
13, 618
7,878
71
507
401
503
952
1, 045
1,347
1,199
1,219
314
320
52,733
16,846
561
2,658
13,627
7,911
71
507
398
499
956
1,051
1,350
1,222
1,228
311
318
53,051
16,993
605
2,639
13,749
7,975
70
515
408
503
959
1,062
1,370
1,224
1,230
312
322
• 52,882 53,038
• 16,838 16.958
'613
'605
' 2,658 ' 2 , 6 7 1
• 13,575 13,674
'7,833 '7,938
69
'69
' 522
515
' 4--2
'403
'501
'934
' 1,044
1, 300
' 1,329
1, 234
' 1,224
1, 243
' 1,186
' 312
'311
'314
317
53,202
16,973
608
2,658
13,707
7, 985
69
527
402
499
926
i,065
1,370
1,239
1,256
315
317
5,972
1,164
66
862
1,163
540
671
612
126
530
237
5,528
1,136
65
782
1,061
483
636
570
125
450
219
5,679
1,145
67
830
1,112
492
629
578
130
464
232
5,700
1,145
66
831
1,122
497
629
577
130
469
234
5,744
1,156
65
836
1,132
503
627
582
131
474
238
5,762
1,164
64
841
1,128
504
627
587
132
476
239
5,787
1,157
62
844
1,137
508
629
588
132
490
240
5,829
1,164
63
850
1,140
513
630
591
134
503
241
5,777
1,167
63
855
1,139
516
632
592
132
439
242
5,760
1,172
62
850
1,138
517
630
587
130
436
238
5,740
1,177
67
847
1,115
516
630
591
130
433
234
5,716
1,168
65
845
1,109
514
629
595
130
432
229
5,774
1,164
63
848
1,100
515
632
589
130
504
34, 656
4,058
15,065
3,526
11, 540
3,240
12, 293
34, 652
3,857
14, 964
3,462
11, 502
3,221
12, 607
35,016
34,903
3,846
3,840
15,034 15,090
3,455
3,470
11, 579 . 11, 620
3,251
3,240
12,783 12,835
35,183
3,846
15,198
3,488
11,710
3,258
12,881
35,357
3,864
15, 297
3,502
11,795
3,258
12,938
Seasonally Adjusted t
Service-producing
Trans., comm., electric, gas, etc
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
S er vi ces
Government
Federal
State and local
do
do
do
do
do
do
do
do
do
do
Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted.-thous
Manufacturing
do
r
Seasonally Adjusted t
Production or nonsupervisory workers on private
nonagricultural payrolls f
thous
Goods-producing
do
Mining
do
Contract construction
do
Manufacturing
do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies
do
Transportation equipment
do
Instruments and related products
do
Miscellaneous manufacturing
do
Nondurable goods
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile products...do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, n e c . d o
Leather and leather products
do
Service-producing
Transportation, comm., elec, gas, etc
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
do.
do
do
do
do
do
do
71
482
383
488
889
1,003
1,306
1,148
1,156
295
314
74
485
387
487
897
1,008
1,305
1,158
1,183
297
312
data are affected back to 1971. A modification has been made in the method to seasonally
adjust most aggregated hours and earnings series (e.g., hours per worker on total private
nonagricultural payrolls, the manufacturing division, durable goods subdivision, etc.).
Aggregate levels are now the weighted averages of their seasonally adjusted components;
229
5,742
' 1,159
63
838
' 1, 091
'512
632
'588
131
'502
226
5, 736
1,154
'62
'835
1,094
'515
'633
'588
'132
'499
'224
5,722
1,147
61
834
1,083
516
634
590
132
502
223
35,633 35,635 35,678 35,789 35,887 36,058 36,044 ' 36,080 36,229
3,862
3,847
3,869
3,859 3,840 3,859
3,854 3,877 '3,856
15 435 15,433 15,433 15,476 15, 504 15, 572 " 15,563 ' 15,527 15,589
3,561
3,520 3,528 3,523 3,532 3,534 3,547
3,554 3,559
11915
11,905 11,910 11,944 11,970 12,025 '12,009 ' 11,968 12,028
3,363
3 276 3,263 3,280 3,288 3,289 3,309
3,325 • 3,344
13,053 13,080 13,125 13,166 13,240 13,300 '13,300 ' 13,362 13,415
heretofore these levels were directly adjusted. Previously published hours are subject to
revision as follows: Manufacturing, durable and nondurable goods beginning 1947, total
private and total trade, 1964, overtime hours, 1956. No adjustment was made to reflect more
recent benchmarks; such an adjustment is scheduled for late 1977 (interim corrections to the
levels of selected series will be made earlier in 1977). For current factors, historical data, and
35,502
3,863
15,373
3,505
11,868
3,268
12,998
methodology used in the revision, see EMPLOYMENT AND EARNINGS, Dec. 1976 (U.b. Dept.
of Labor, BLS), available from U.S. Gov't. Printing Office, Wash., D.C. 20402.
SURVEY OF CURRENT BUSINESS
January 1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of B U S I N E S S S T A T I S T I C S
1974
1975
Annual
S-15
1976
1975
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov."
Dec."
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
AVERAGE HOURS PER WEEK f
Seasonally Adjusted f
Avg. weekly hours per worker on private nonagric.
payrolls^ Seasonally adjusted!
hours..
Not seasonally adjusted
do
Mining
_
_
do
Contract construction
do
Manufacturing: Not seasonally adjusted
do
Seasonally adjusted
do
Overtime hours..
do
36.6
42.4
36.9
40.0
36.1
42.3
36.6
39.4
36.3
36.2
42.7
36.9
40.1
39.9
2.9
36.4
36.5
42.9
37.2
40.8
40.3
3.0
36.4
36.0
43.0
37.6
39.9
40.4
3.1
36.4
36.0
43.0
37.7
39.9
40.3
3.1
36.2
35.9
42.8
36.0
40.0
40.3
3.1
36.1
35.9
42.8
37.4
39.2
39.4
2.6
36.3
36.1
42.4
37.1
40.2
40.3
3.3
36.2
36.4
42.2
37.3
40.4
40.2
3.2
36.2
36.6
42.6
36.9
40.0
40.1
3.1
36.1
36.6
41.2
36.8
40.0
40.0
3.0
36.0
36.2
43.5
35.9
40.1
39.7
3.0
36.1
36.2
'43.3
37.3
40.0
'39.9
2.9
36.2
'36.1
M3.3
'37.4
40.3
40.1
3.1
36.3
36.4
43.7
37.3
40.7
40.1
3.2
3.2
Durable goods
Overtime hours.
_
Ordnance and accessories
Lumber and wood products
Furniture and fixtures _
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind_
do..
do..
do..
do..
do..
do..
_do..
do..
do..
do..
do..
do..
do..
40.7
3.4
41.7
39.7
39.0
41.4
41.7
40.8
42.3
39.8
40.1
40.2
38.5
39.9
2.5
41.3
39.1
37.9
40.6
40.0
40.0
40.9
39.5
40.3
39.5
38.3
40.3
2.7
41.5
39.6
39.1
40.9
40.0
40.5
40.9
39.7
41.0
39.9
38.7
40.7
2.9
41.3
40.1
39.4
41.2
40.2
41.0
41.0
40.0
41.9
40.3
39.0
40.8
2.9
41.3
40.9
39.3
41.4
40.3
40.9
41.2
40.3
41.7
40.4
39.0
40.7
3.0
40.8
40.3
39.3
41.4
40.6
40.9
41.1
40.2
41.8
40.2
38.7
40.7
3.1
40.8
40.0
39.2
40.8
40.6
40.9
41.1
40.1
42.2
40.5
38.8
39.8
2.5
39.7
40.0
38.4
41.1
40.6
39.6
40.2
39.1
39.8
39.6
38.0
40.9
3.4
40.8
40.1
39.0
41.4
41.0
41.0
41.2
40.2
42.4
40.8
38.7
40.9
3.4
41.1
39.8
38.6
41.4
41.2
41.0
41.2
40.1
42.5
40.5
38.5
40.9
3.3
40.9
40.6
38.6
41.0
41.2
41.0
41.5
40.1
42.0
40.8
38.8
40.8
3.1
40.7
40.2
38.5
41.1
40.9
41.0
41.4
40.1
41.9
40.4
38.5
40.2
3.0
40.1
39.8
38.0
40.9
40.3
40.6
40.8
39.7
41.1
39.9
38.2
M0. 5
3.0
40.6
' 40. 3
'38.4
41.4
M0. 2
40.4
Ml. 2
40.0
Ml. 2
40.3
38.7
40.8
'3.2
M0.8
M0. 3
'38.6
Ml. 3
M0. 3
M0. 8
Ml. 6
M0. 3
42.0
M0. 4
'39.0
40.6
3.4
42.0
40.6
38.6
41.2
40.1
40.7
41.5
40.1
41.2
40.6
38.9
Nondurable goods__
_.
Overtime hours..
_
Food and kindred products.
Tobacco manufacturesTextile mill products
Apparel and other textile products
do..
do..
do..
do..
do..
do..
39.1
3.0
40.4
38.0
39.4
35.1
38.8
2.7
40.3
38.0
39.2
35.1
39.5
3.1
40.4
39.2
41.0
36.1
39.7
3.2
40.5
38.0
41.2
36.5
39.8
3.3
40.6
39.0
41.2
36.5
39.7
3.2
40.4
39.2
40.9
36.4
39.6
3.2
40.3
39.0
40.9
36.3
38.9
2.8
40.1
38.6
39.3
34.9
39.5
3.1
40.2
38.6
40.6
36.0
39.3
2.9
40.1
38.3
40.3
35.8
39.1
2.9
40.0
35. 0
40.2
35.5
38.9
2.8
40.1
36.8
39.3
35.2
39.0
2.9
40.2
37.1
39.0
34.9
'39.1
2.8
40.3
37.5
39.4
35.0
39.2
'3.0
M0. 4
36.9
'39.8
'35.1
39.3
3.0
40.2
36.7
40.3
35.2
Paper and allied products
Printing and publishing.
_
Chemicals and allied products.
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
do..
do..
_do_.
do_.
do..
do..
42.1
37.6
41.6
42.5
40.4
37.2
41.6
37.0
40.9
41.6
39.7
37.4
42.4
37.2
41.4
41.9
40.1
38.5
42.8
37.5
41.6
41.9
40.6
38.8
42.6
37.7
41.6
42.4
40.8
38.8
42.8
37.5
41.7
42.3
40.7
38.4
42.6
37.4
41.6
42.2
40.8
38.3
42.1
37.2
41.7
42.2
39.6
37.7
42.8
37.6
41.6
42.2
40.7
38.2
42.4
37.5
41.5
42.0
40.3
37.0
42.3
37.7
41.4
42.2
40.3
37.0
42.1
37.5
41.3
42.3
40.0
36.7
42.2
37.4
41.9
42.2
40.5
36.5
M2.1
' 37. 5
Ml. 6
M2.0
41.1
'36.4
M2.3
'37.5
41.8
M2.0
Ml. 2
36.5
42.3
37.7
41.8
42.6
41.5
36.3
do..
do..
do..
__do_.
do..
do..
40.2
34.1
38.9
32.7
36.7
33.9
39.6
33.8
38.6
32.4
36.5
33.8
39.6
33.8
38.7
32.4
36.7
33.8
39.9
33.9
38.8
32.4
36.4
33.7
39.6
34.0
38.9
32.5
36.5
33.7
39.8
33.8
38.8
32.3
36.6
33.7
39.9
33.7
38.7
32.2
36.5
33.5
39.8
34.0
38.9
32.5
36.6
33.5
39.7
33.7
38.8
32.2
36.8
33.6
39.8
33.6
38.8
32.0
36.6
33.4
39.8
33.7
39.1
32.1
36.6
33.4
40.0
33.6
38.9
32.0
36.8
33.5
39.9
33.6
38.8
32.1
36.7
33. 5
'39.8
33.5
38.7
32.0
36.7
'33.6
39.9
'33.5
'38.7
'32.0
36.7
33.5
40.1
33.7
38.6
32.2
36.7
33.6
149. 09 150.15
119.37 120. 29
1.72
1.71
6.66
6.56
38.63 39.02
9.24
9.29
30.18 30.48
8.10
8.06
25.07
24.94
29.72 29.86
149.71
120. 54
1.72
6.62
39.09
9.32
30.50
8.12
25.16
29.17
150.08
120. 52
1.72
6.33
39.32
9.35
30.56
8.12
25.12
29.56
149.27
121.02
1.72
6.64
38.97
9.33
30.93
8.16
25.26
28.26
150.95
121.42
1.71
6.55
39.59
9.30
30.70
8.19
25.38
29.53
150.58
121. 08
1.71
6.55
39.50
9.28
30.56
8.19
25.31
29.50
151.25
121. 35
1.75
6.49
39.36
9.33
30.82
8.21
25.40
29. 90
151.13
121. 33
1.61
6.41
39.33
9.36
30.74
8.25
25.62
29.80
151.50 152.10
121. 67 121.73
1.80 '1.80
6.22 '6.48
39.36 ' 39.18
9.40 ' 9. 33
30.91 ' 30. 80
8.32
8.28
25.71 'r 25.82
30. 37
29.83
' 151.90
' 122.25
'1.82
'6.52
' 39. 58
' 9. 36
' 30. 76
'8.36
' 25. 86
' 29. 64
152. 95
122.86
1.83
6.50
39.60
9.46
31.04
8.40
26.03
30.09
110.4
95.2
125.0
98.5
93.6
91.4
96.8
120.9
102. 3
116.8
113.4
118.0
125.4
133.9
110.4
95.2
125.7
94.1
94.3
92.4
97.1
121.0
102. 5
117.0
113.2
118.4
125. 5
133.7
110.8
94.8
125. 9
99.0
93.0
90.9
96.0
121.9
102.4
118.4
114.3
120.0
126.1
134.3
111. 3
96.3
124.7
97.8
95.1
94.0
96.6
121.6
101.9
117.5
114.3
118.8
126.3
134.9
110.9
95.9
125.0
97.6
94.6
93.8
95.8
121.2
101.6
117.0
114.1
118.1
126.3
134.6
111.1
95.6
127.7
97.2
94.2
93.5
95.2
121.8
102.1
117.8
115.3
118.8
126.6
135.0
111.0
94.8
115.6
95.9
93.9
93.6
94.2
122.2
102.5
117.6
114.7
118.7
127.3
136.2
111.4
94.9
131.7
92.8
94.0
93.2
95.2
122.8
102.9
118.3
114.9
119.6
127.7
136.8
111.3
94.9
131.1
'97.2
93.2
92.0
'95.0
122. 7
102. 0
117.9
114.8
119.0
128.3
137.2
•111.8
'96.1
• 132. 8
'97.9
'94.5
'94.0
'95.3
• 122.8
• 102.1
117.6
115.0
118. 6
129.1
137.4
112.4
96.1
132.9
97.2
94.6
94.1
95.3
123.7
103.0
118.6
114.7
120.0
129.8
138.4
4.75
6.29
7.54
5.07
4.88
5.43
5.24
5.56
4.50
3.90
5.11
6.63
5.32
5.66
4.80
6.44
4.78
3.96
4.77
6.33
7.50
5.07
4.92
5.41
5.26
5.59
4.52
3.91
5.20
6.77
5.27
5.62
4.76
6.31
4.77
3.95
4.82
6.35
7.61
5.12
4.93
5.49
5.28
5.64
4.61
3.93
5.26
6.73
5.40
5.69
4.82
6.48
4.81
3.99
4.84
6.32
7.60
5.15
4.96
5.53
5.31
5.64
4.76
3.96
5.30
6.77
5.44
5.72
4.84
6.52
4.83
3.99
4.86
6.39
7.68
5.20
5.00
5.55
5.35
5.75
4.81
3.97
5.33
6.83
5.42
5.75
4.90
6.50
4.88
4.02
4.88
6.-9
7.71
5.21
5.02
5.58
5.37
5.77
4.83
4.01
5.36
6.92
5.46
5.79
4.95
6.52
4.90
4.00
4.96
6.60
7.81
5.31
5.09
5.66
5.43
5.85
4.87
4.05
5.43
6.95
5.54
5.86
5.02
6.67
4.93
4.02
M.98
'6.56
'7.85
5.28
5.08
5.62
'5.40
'5.89
M.87
M.06
' 5.43
'6.90
5.49
'5.83
'5.03
'6.58
4.95
4.06
5.00
6.60
'7.86
••5.34
'5.13
'5.68
'5.46
'5.98
M.87
M.07
' 5. 45
•6.94
'5.54
•5.90
•5.07
•6.69
'4.99
M.08
5.01
6.66
7.91
5.41
5.20
5.78
5.54
6.00
4.87
4.14
5.48
6.96
5.63
5.98
5.17
6.92
5.08
4.16
Trans., comm., elec, gas, etc
Wholesale and retail trade
Wholesale trade
_
Retail trade
Finance, insurance, and real estate..
Services
AGGREGATE EMPLOYEE-HOURS
Seasonally Adjusted
Employee-hours, wage & salary workers in nonagric. establish., for 1 week in the month, seasonally adjusted at annual ratef
toil,
hours..
Total private sector
do
Mining
do. _ _
Contract construction..
do
Manufacturing
do
Transportation, comm., elec, gas...
do.."!
Wholesale and retail trade
do
Finance, insurance, and real estate
do
Services
do
Government
do
150.72
122. 63
1.53
7.58
41.50
9.82
30.27
8.01
23. 93
28.08
Indexes of employee-hours (aggregate weekly) :Hf
Private nonagric. payrolls, total
1967 = 100.
Goods-producing...
do
Mining
do
Contract construction
do
Manufacturing
_do
Durable goods
do
Nondurable goods
do
Service-producing
do
Transportation, comm., elec, gas
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do....
Finance, insurance, and real estate
do
Services
do
113.0
103. 4
111.7
117.1
100.7
102.0
98.8
119.7
108.6
116.2
114.4
116.9
125.0
127.9
107.4
91.2
119.5
99.0
88.8
87.5
90.8
118.6
101.7
114.3
111.6
115.3
123.5
130.8
108.6
92.8
123.3
97.9
90.9
88.1
95.0
119.6
101.3
115.0
111.6
116.2
125.1
132.7
109.3
94.0
124.9
98.1
92.2
89.6
95.9
119.9
101.9
115.5
112.4
116.6
124. 5
132.8
110.1
95.2
125.2
99.6
93.4
91.0
96.8
120.5
101.3
116.6
113.2
117.9
125.1
133.3
4.22
5.21
6.75
4.41
4.24
4.69
4.50
4.71
3.91
3.50
4.52
5.60
4.59
4.92
4.17
5.48
4.20
3.50
4.54
5.90
7.25
4.81
4.66
5.14
4.98
5.23
4.28
3.75
4.89
6.17
5.04
5.36
4.58
6.02
4.56
3.79
4.68
6.11
7.45
4.93
4.76
5.29
5.11
5.44
4.41
3.82
5.06
6.43
5.22
5.54
4.70
6.25
4.64
3.87
4.68
6.17
7.51
5.00
4.82
5.38
5.19
5.54
4.43
3.85
5.06
6.48
5.29
5.62
4.78
6.39
4.74
3.94
4.72
6.27
7.50
5.02
4.85
5.38
5.20
5.49
4.46
3.86
5.05
6.51
5.29
5.61
4.77
6.35
4.75
3.97
146. 81 148.28
117. 62 118.80
1.69
1.64
6.54
6.58
37.63 38.24
9.23
9.26
29.90 30.06
8.11
8.02
24.60 24.94
29.48
29.18
HOURLY AND WEEKLY EARNINGS
Average hourly earnings per worker:H
Not seasonally adjusted:
Private nonagric. payrolls
dollarsMining
_do
Contract construction
do
Manufacturing
do
Excluding overtime
.do
Durable goods...
do
Excluding overtime
do
Ordnance and accessories
do
Lumber and wood products
.do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies .do
Transportation equipment
do
Instruments and related products..do
Miscellaneous manufacturing ind...do
r
Revised.
v Preliminary.
f Production and nonsupervisory workers.
4.74
6.29
7.47
5.04
4.86
5.40
5.21
5.54
4.48
3.87
5.07
6.56
5.30
5.63
4.78
6.38
4.77
3.95 !
fSee corresponding note, p. S-14.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
January 1977
1976
1975
1975
Annual
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.p
Dec.p
LABOR FORCE, EMPLOYMENT , AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS—Con.
Avg. hourly earnings per worker, private nonagric.
payrolls. Not seas, adj. 1 —Continued
Manufacturing—Continued
Nondurable goods
.dollars
....do....
Excluding overtime. _
Food and kindred products
. do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile prod.
Paper and allied products
.-..do..
Printing and publishing
..-.do...
do
Chemicals and allied products
do
Petroleum and coal products...
Rubber and plastics products, nee _ do
Leather and leather products
.do
Transportation comm., elec, gas
do
Wholesale and retail trade
— .dodo
Wholesale trade
do
Retail trade
Finance, insurance, and real estate- . . do . . .
do
Services
Seasonally adjusted: f
Private nonagricultural payrolls
Mining
___
...-do—.
do
Contract construction
Manufact uring
. do
Transportation, comm., elec, gas_. — d o . . . .
..._do—.
Wholesale and retail trade
do . . Finance insurance and real estate
do
Services
Indexes of avg. hourly earnings, seas, a d j . : © H f
Private nonfarm economy:
Current dollars
1967=100
1967 dollars A
do
Mining
....do.—
Contract construction
do .
Manufacturing
._ do
Transportation, comm., elec, gas
.—dodo . .
Wholesale and retail trade
Finance, insurance, and real estate ....do.—
Services
do -.
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (E N R ) : di
Common labor
$ per hr_.
do
Skilled labor
Farm (U.S.) wage rates, hired workers, by
method of pay:
All workers, including piece-rate
$ per h r . .
Workers receiving cash wages o n l y . . .
Workers paid per hour, cash wages only
do
do
Avg. weekly earnings per worker, Uprivate nonfarm :f
Current dollars, seasonally adjusted
1967 dollars, seasonally adjusted A
Spendable earnings (worker with 3 dependents):
Current dollars, seasonally adjusted.. .
1967 dollars, seasonally adjusted A
Current dollars, not seasonally adjusted
Private nonfarm, total
.dollars
Mining
do
Contract construction
. . do
Manufacturing
.- do
Durable goods
do
Nondurable goods
. . . do
Transportation, comm., elec, gas.. . - . . d o . . . .
do - . .
Wholesale and retail trade
Wholesale trade . . - do
Retail trade
do
Finance, insurance, and real estate- . . do .
do
Services
. -_ . _ . .
3.99
3.84
4.16
4.10
3.19
2.99
4.51
4.97
4.85
5.61
4.03
3.01
5.43
3.47
4.49
3.09
3.82
3.76
4.35
4.20
4.57
4.51
3.40
3.19
4.99
5.36
5.37
6.42
4.35
3.23
5.92
3.75
4.89
3.34
4.13
4.06
4.45
4.28
4.70
4.40
3.53
3.25
5.21
5.47
5.56
6.66
4.44
3.28
6.19
3.83
5.02
3.41
4.24
4.22
4.48
4.31
4.75
4.54
3.55
3.27
5.23
5.50
5.61
6.67
4.51
3.31
6.18
3.81
5.03
3.40
4.23
4.23
4.53
4.37
4.81
4.84
3.57
3.33
5.25
5.53
5.66
6.96
4.50
3.37
6.23
3.89
5.05
3.47
4.26
4.26
4.54
4.38
4.83
4.88
3.56
3.33
5.25
5.58
5.69
7.03
4.52
3.39
6.29
3.90
5.07
3.48
4.33
4.29
4.56
4.39
4.84
5.01
3.57
3.37
5.25
5.60
5.70
7.08
4.55
3.40
6.29
3.91
5.06
3.48
4.31
4.28
4.59
4.44
4.88
5.12
3.52
3.37
5.26
5.60
5.77
7.12
4.50
3.41
6.35
3.92
5.10
3.50
4.34
4.30
4.59
4.42
4.90
5.13
3.57
3.38
5.31
5.66
5.79
7.11
4.36
3.42
6.39
3.95
5.15
3.52
4.36
4.34
4.62
4.45
4.92
5.23
3.59
3.40
5.39
5.65
5.84
7.11
4.38
3.43
6.42
3.96
5.14
3.53
4.34
4.34
4.69
4.52
4.96
5.00
3.71
3.39
5.47
5.67
5.92
7.13
4.40
3.41
6.46
3.97
5.17
3.54
4.36
4.33
4.70
4.53
4.98
4.62
3.75
3.42
5.50
5.71
5.93
7.13
4.40
3.45
6.56
3.98
5.21
3.55
4.40
4.32
4.80
4.61
5.02
4.65
3.78
3.49
5.58
5.79
6.04
7.22
4.85
3.48
6.61
4.04
5.26
3.61
4.39
4.43
4.80
4.62
5.04
4.69
3.79
' 3 . 49
> 5. 57
5.77
6.04
'7.20
'4.86
3.47
'6.63
'4.07
5.28
'3.64
'4.41
4.44
'4.84
4.66
'5.09
'4.86
'3.80
'3.50
' 5.62
'5.81
'6.08
'7.25
'4.90
'3.50
6.64
'4.09
'5.30
'3.65
'4.41
' 4.49
4.88
4.70
5.14
5.14
3.81
3.53
5.63
5.86
6.10
7.29
4.97
3.53
6.65
4.07
5.33
3.64
4.43
4.51
4.22
5.21
6.75
4.41
5.43
3.47
3.82
3.76
4.54
5.90
7.25
4.81
5.92
3.75
4.13
4.06
4.67
6.11
7.40
4.93
6.17
3.84
4.26
4.20
4.68
6.13
7.45
4.96
6.17
3.84
4.23
4.21
4.72
6.19
7.48
5.00
6.23
3.87
4.25
4.24
4.74
6.25
7.47
5.04
6.29
3.88
4.30
4.26
4.77
6.29
7.57
5.08
6.33
3.90
4.30
4.27
4.79
6.32
7.57
5.08
6.38
3.92
4.33
4.30
4.83
6.36
7.66
5.13
6.44
3.94
4.36
4.34
4.85
6.33
7.68
5.16
6.47
3.96
4.34
4.36
4.88
6.44
7.77
5.21
6.48
3.99
4.37
4.36
4.90
6.34
7.74
5.25
6.52
4.00
4.43
4.39
4.92
6.60
7.71
5.29
6.54
4.03
4.39
4.40
'4.95
'6.62
'7.76
5.29
'6.58
'4.06
'4.43
4.43
4.99
6.60
'7.81
'5.34
6.61
'4.09
'4.43
'4.48
5.01
6.62
7.85
5.37
6.64
4.11
4.43
4.49
158.6
107.4
163.1
163.7
156.0
167.3
155.0
148.6
163.3
172.7
107.1
183.4
175.8
171.6
182.4
168.1
161.5
176.0
177.6
107.3
189.6
179.2
176.8
190.3
172.6
167.1
181.9
178.0
107.0
190.4
180.1
177.6
190.5
172.6
165.2
182.6
179.4
107.3
192.2
180.5
178.8
192.2
174.0
166.2
184.4
180.3
107.8
193.6
180.4
180.0
194.1
174.4
168.1
185.2
181.1
108.0
194.8
182.9
180.9
195.2
175.0
168.1
185.4
182.1
108.2
196.3
183.2
181.8
196.3
176.0
169.1
186.7
183.3
108.3
197.6
185.1
182.6
198.7
177.1
170.4
188.2
184.0
108.1
197.5
185.6
183.6
199.6
177.5
169.2
189.1
185.2
108.4
199.7
187.7
185.4
200.5
178.8
170.8
189.2
186.4
108.5
202.9
187.1
186.6
201.5
180.0
173.1
190.6
187.2
108.5
204.4
186.5
188.1
202.2
180.8
172.0
190.9
' 188. 2
108.7
'206.1
' 187. 9
' 188. 4
'r 203.1
182. 2
' 173. 5
' 192. 2
189.2
109.0
205.0
189.0
189. 7
204. 0
183.0
173. 3
193. 7
190.0
109.0
205.6
189.9
190.5
203.8
184.0
173.0
194.8
7.55
10.18
8.30
11.01
8.60
11.37
8.62
11.42
8.62
11.42
8.63
11.43
8.63
11.44
8.63
11.52
8.77
11.69
9.03
11.91
9.06
12.05
9.08
12.08
9.13
12.15
9.17
12.16
9.19
12.16
9.20
12.21
2.25
2 21
2.43
2.32
5.707
2.43
2 38
2.60
2.45
6.389
154. 45
104. 57
163.89
101.67
169.52
102.43
170.35
102.37
171.81
102.82
134.37
90.97
145.93
90.53
152.48
92.13
153.12
92.02
154. 45
220. 90
249. 08
176. 40
190.88
156. 01
218. 29
118.33
174. 66
101. 04
140.19
127.46
163.89
249.57
265.35
189.51
205.09
168. 78
234.43
126.75
188. 75
108. 22
150. 75
137. 23
169.42
262.73
270.44
197.69
213.72
176.67
245.12
128.69
194.27
109.46
155.18
142.21
177.12 ' 178.70
102. 68 r 103.24
157.13 '158. 31
91.09 ' 91. 46
179. 55 ' 180.28
289.08 r 287.33
287.41 ' 299.87
212.93 211.20
229. 80 228.17
189.12 188.16
265.06 ' 265.20
136.15 ' 135.94
204.61 204. 34
115.88 ' 115.75
160.67 ' 161.85
148.41 ' 148.74
180.64
104.06
159. 77
92.03
' 180.50
r
287.76
' 289.25
r
215.20
' 232.31
' 190.70
264. 94
' 136.20
r
205.11
115.71
' 161.41
' 149.97
181.86
104.34
160. 69
92.19
182. 36
291. 04
291.09
110
80
4.2
32
48
3.7
2.0
6 584
2.75
2.69
2.97
2.76
2.66
2.63
2.81
2.64
6.859
172. 67
103.03
172.92
102. 74
170.82
264.69
275.62
204.00
222.73
179.20
246.58
130.30
197.18
111.18
153.97
142.13
153.07
91.60
169.92
266.48
270.00
200.30
216.81
178.48
244.84
129.93
195.44
110.69
155.49
142.71
172.54
103.13
153. 63
91.83
170.64
268.58
272.66
201.10
218.16
178.42
248.46
130.26
195.20
110.66
158.91
143.72
153. 73
91.73
170.53
265.44
269.18
202.80
219. 92
179.21
248.46
130.20
194.81
110. 32
156.88
142.52
153. 93
91.46
171.24
267.76
278.25
198.74
214. 24
176.72
251.46
131. 71
196.86
112. 35
158.84
143.19
87
88
87
93
94
91
94
2.8
1.7
2.2
1.3
3.5
2.1
4.2
2.6
3.4
.9
1.9
3.7
1.3
1.6
3.1
1.2
1.1
3.5
1.5
1.1
3.9
2.5
3.5
1.2
1.7
3.8
2.1
3.7
2.2
3.8
1.6
1.5
3.9
2.5
3.6
1.6
1.3
4.1
2.6
3.5
1.6
1.1
4.2
2.8
3.6
1.7
1n
4.4
3.0
3.8
1.8
239
5 031
6 074
300
278
428
656
566
In effect during month
do
Workers involved in stoppages:
54
86
63
1,746
Beginning in month or year
2 778
thous
143
153
100
In effect during month
—do—
47,99l
Days idle during month or year
_—do—
1,737
1,854
1,120
ii, 237
' Revised.
*> Preliminary.
1 Production and nonsupervisory workers.
0 The
indexes exclude effects of changes in the proportion of workers in high-wage and low-wage
industries, and the manufacturing index also excludes effects of fluctuations in overtime
premiums.
§ For line-haul roads only.
A Earnings in 1967 dollars reflect changes in
purchasing power since 1967 by dividing by Consumer Price Index.
cT Wages as of Jan. 1
288
474
74
114
726
H E L P - W A N T E D ADVERTISING
Seasonally adjusted index
_ .1967=100
LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employees..
New hires
^
Separation rate total
Quit
. _
do
Layoff
do
Seasonally adjusted:!
Accession rate, total-.
—doNew hires
do
Separation rate, total
Quit
Layoff
WORK STOPPAGES O
Industrial disputes:
Number of stoppages:
2.3
1.5
4.2
1.4
2.1
175.33 175. 57
103. 56 103. 22
155. 78 155. 96
92.01
91.69
174.00 176.18
269.88 270. 50
283.09 288. 04
205.82 208.06
224.54 227. 28
180.85 182.03
252.41 256. 80
132. 33 134. 24
199.82 199. 95
112.29 114. 37
160.01 158.84
144.96 145.82
'
'
'
'
'
'
2.80
2.75
2.94
2.81
2 53
2.48
2.65
2.52
176.66
103.37
176.89
102. 96
156. 78
91.74
156. 95
91.36
177. 88
272.85
291. 07
208.00
224. 78
183.85
259.69
136.97
203.18
117.17
160. 01
147.22
178.61
259.15
292. 21
208.40
225. 99
184.24
265. 02
136. 91
203.19
117.15
162.36
146.88
96
98
97
94
96
99
4.4
3.0
4.8
3.6
4.2
2.8
5.1
3.5
4.4
3.2
3.5
2.5
2.9
1.9
3.5
1.6
1.1
3.4
1.7
.9
3.5
1.8
-9
4.3
1.8
1.6
4.9
2.8
1.1
4.6
2.4
1.3
4.1
1.7
1.5
3.4
1.2
1.5
4.1
2.8
3.8
1.8
12
4.0
2.7
3.8
1.7
13
3.8
2.7
3.9
1.8
3.8
2.5
3.9
1.7
3.8
2.5
4.0
1.7
3.6
2.4
4.1
1.6
1 7
3.5
2.3
4.0
1.5
16
3.7
2.4
3.6
1.5
13
339
531
446
650
653
912
1,072
463
917
379
718
384
637
422
675
330
609
143
180
493
550
222
402
276
457
338
633
112
396
300
413
121
381
182
350
712
1 4.
239. 29
193. 25
266. 6/
137. 97
207. 87
118. 30
162. 58
151.09
105
1,398
3,222
4,633
5,463
6,438 5,223
5, 359
3, 064
1977: Common, $9.20; skilled, $12.21.
O Revisions for 1975 are in the July 1976 SURVEY.
t Seas, adjusted hourly and weekly earnings (workers on private nonagric. payrolls) were
revised monthly back to 1964 (see notet, P- S-14). Seas, adjusted total accession and total
separation rates in manufacturing reflect a new seas, adjustment method: These levels are
the sum of their seas, adjusted components (total rates were revised back to 1951 and 1930).
SURVEY OF CURRENT BUSINESS
January 1977
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1975
1975
Annual
S-17
Nov.
1976
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
weekly §9
tbous..
2,568
State programs (excl. extended duration prov.):
Initial claims
thous.. 18,880
Insured unemployment, avg. weekly.._do
2,260
Percent of covered employment: A
3.5
Unadjusted
Seasonally adjusted
1,874
Beneficiaries, average weekly
thous..
Benefits paid §
mil. $__ 5,974.9
Federal employees, insured unemployment,
average weekly
thous..
Veterans'program (UCX):
Initial claims
do
Insured unemployment, avg. weekly._do
Beneficiaries, average weekly
do
Benefits paid
mil. $__
Railroad program:
Applications,
thous_.
Insured unemployment, avg. weekly..do
Benefits paid
mil. $__
4,917
4,120
4,962
4,461
4,721
4,366
p 2,324 *> 1,577 p 1,578
3,046
3,722
3,408
3,898
4.6
6.0
5.2
5.6
5.1
5.9
5.4
4.2
4.3
4.5
4.8
3,371 v 2,349 ^2,685 "3,207
3, 203 P 3 , 0 0 8
P1,024.1
11,754.7 p 671.8 P 886.8 "1,018.7 v 946.6
24, 863
3,992
*>2,420
3,410
3,917
3,564
3,023
p 1,283
2,724
4.6
4.2
2,667
869.6
4.2
4.3
2,277
698.7
3,457
P
1,603
2,642
4.0
4.5
v 2,678
v 719.3
4.3
4.7
v 2,242
51
40
48
48
53
52
51
47
45
377
71
65
249.2
*>30
109
*32
104
*>28
93
J-37
M0.2
*34
117
*>120
^40.9
*>30
111
v 101
v 386.2
*>38
113
PIIS
"35.9
69
10
22.2
153
27
89.5
37
14.0
13
45
17.4
15.7
PIOO
10
32
10.3
39
p 33. 3
4
34
17.3
11.8
5
29
3
23
9.4
3,642
*>3,236
* 1,868 * 1,473 p 1,398
2,831 P 2 , 6 4 6 p 2,455
86
*88
^30.7
93
P 89
p 31.1
18
21
9.4
21
22
7.0
4.0
3.7
4.8
5.0
1-2,198 P 2,014
p
641.4
P699.3
3, 217
> 2,466
3.7
5.0
51
50
50
P37
92
»32.9
?37
93
*>90
p 32. 0
23
9
22
95
P93
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers'acceptances
mil. $_
18,484
18,727
Commercial and financial co. paper, total
do.
49,144
47,690
Financial companies
do.
36,450
37,515
Dealer placed
do.
4,611
6,239
Directly placed
do.._
31,839
31,276
12,694
10,175
Nontinancial companies
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adrn.:
Total, end of period
...mil. $_. 27,384
31, 741
Farm mortgage loans:
Federal land banks
..do
13,864
16, 564
Loans to cooperatives
do
3,575
3, 979
Other loans and discounts
do
9, 925
11,198
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 SMSA's)O.__
bil. $
New York SMSA
do___
Total 232 SMSA's (except N.Y.)
do
6 other leading SMSA's!
do
226 other SMSA's
do
Federal Reserve banks, condition, end of period:
Assets, total 9
.
mil. $_ 113,611 123, 997
Reserve bank credit outstanding, total 9 . . d o . . .
Time loans
do
U.S. Government securities
do.I.
Gold certificate account
do
Liabilities, total 9
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
do_...
Excess
Borrowings from Federal Reserve banks
Free reserves
$0~~~
do
do
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits:
Demand, adjustedd"
mil. $.
'31, 301
35,868
18,390
4,360
12,816
18,570 18,741 18,918
4,467 4,872 4, 997
12, 841 12, 677 11,198
32,751
33,400
33, 980 34,377
34,881
16, 746 16,930
4,546
4,356
11,162 11,274
17,264
4,656
11,480
17,514
4,590
11,876
24,067.7 23,565.1 23,845.0 25,528. 4
11,529.9 10,970.9 11,517.7 12,212.0
12,537. 8 12,594.2 12,327.3 13,316.4
4,937.3 4,932.5 4,789.0 5,324.6
7,600.5 7,661.8 7,538.3 7, 991.8
36, 290 36, 387
25,792.8 25,490.9 26,625.6 27,102.3 27,875.0 27, 250.227,416.1
12,482.8 12,179.012,844.313,354. 213,221. 2 727 913, 522.0
13.844.8 13,310.0 13,311.9 13,781.313,748.1 14,653. 9 14,522.3 13,894.1
5.560.9 5,302.4 5,327.1 5,561.2 5,497.7 5,935. 8 5,857.3 5,443.
8.283.9 8,007.^ 7,9
8,220.1 8,250.4 8,718.1 , 665.0 8,450.
26. 474.4
12.629.6
118,432 123, 997 123,983 122,130 124,018 126,528
99,149 99,504 98,419
66
52
211
87, 934 89,971 88,990
11,599 11, 599 11,599
17,731
4,470
12,175
124,372 132,189 124,997 129,202 132,397 130,076 126,844 P133, 459
101,643 100,124 106,446 100,441 103,805 107,664 105,069 101,380 107,597
26
'40
322
'44
64
48
397
31
314
91,814 90,612 94,446 90, 673 94, 030 96,427 95,839 91,660 97,021
11,599 11,598 11,598 11, 598 11,598 11,598 11,598 11,598 11,598
99,149
211
87, 934
11,599
113,611
123,997
118,432 123,997 123,983 122,130 124,018 126,528
124,372 132,189 124,997 129,202 132,397 130,076 '126,844 '133,459
30,649
25,843
72,259
34, 780
26, 052
78, 770
32,125 34, 780 38,326 36,172
25,971 26,052 27,306 24,585
76, 683 78, 770 76, 516 76, 648
36,395
28,150
77, 686
38,013
27,140
78, 631
34,968
26,457
79,539
40,628 34,358 36,793 40,933
27,460 24,371 24,782 26,220
80,536 81, 034 81,275 81,520
36, 941
36, 602
1339
1 703
i -333
34,989
34, 727
i 262
i 127
i 148
34,571
34,281
290
61
257
33,953
33,939
14
76
-51
33,967
33,531
436
58
386
34,063
33,974
89
44
56
34,228
33,856
382
121
272
33,774
33,657
117
120
17
1
1
34, 989
34, 727
262
127
148
35,575
35,366
209
79
139
99,361
54
89, 753
11,599
104,320 112,124 103,742 101,775 106,097
104,694 105,183
167,015 184,174 159,545 157,115 171,058 162,903 170,817
121,317 132,245 116,670 115,133 122,716 118,226 124,301
6,220
6,967 6,061
6,178
5,860
5, 983 6,004
1,995
1,898
1,386
2,425
1,049
1,170
2,514
24,163 29,322 22,262 21,251 26,514
22,039 24,883
do...
228,045
227, 729
225,877 227,729 225,352 223,215 225,981
do
do
58,485
122,201
68,445
115,961
67,550 68,445 72,459 75,269 78,319
116,064 115,961 111,153 107,629 108,297
Loans (adjusted), totals
do
304,318
Commercial and industrial
" d o " " " 131,875
7,713
For purchasing or carrying securities
do
To nonbank financial institutions
do""" 33,076
60,442
Real estate loans
do
90,388
Other loans
"I" " d o
Investments, total
_ do
86, 825
U.S. Government securities, total
do
23, 931
Notes and bonds
do
19,412
Other securities
do " " 62,894
285, 499
120,661
8,933
27,180
59,530
87, 404
282,104
119,311
8,206
27,310
59,482
84,525
100,345
40,178
26,464
60,167
285,499 275,908 275,242 277,356 275, 499
120,661 117,000 116,201 14,556 113,308
8,933
6,200 7,389
8,679
8,468
27,180 25,995 26,029 26,493 25,757
59, 530 59,749 59,722 60,541 60,717
87,404 84,474 82,923 84,876 84,352
100,345 99,769
37,859 40,178 40,456
26,580 26, 464 27,422
60,410 60,167 59,313
Revised.
P Preliminary.
i Average for Dec.
§ Insured unemployment (all programs) data include claims filed under extended duration provisions of regular State laws;
amounts paid under these programs are excluded from State benefits paid data.
AInsured
unemployment as % of average covered employment in a 12-month period.
9 Includes
data not shown separately. tfFor demand deposits, the term "adjusted" denotes demand
deposits other than domestic commercial bank and U.S. Government, less cash items in
34,146
34,076
70
123
-29
34,141 33,979
33,844 33,692
287
297
75
104
221
243
38,014
26,461
82,072
31,332 37, 913
23, 239 25,059
84, 281 85, 594
34,305 34, 797 '35, 258
34,116 34,433 '34, 967
291
'364
189
'84
66
P242
< 155 '301
108,682 104,797 105,587 103,331 106,173 111,302 113,103
178,773 161,504 166,689 165,960 178,639 183, 377 181,913
126,591 117,802 120,365 119,089 126,323 130, 288 130,888
6,346
5,620 6,336 6, 597 6,070
6,839 5,635
1, 635
1,127 2, 668 2,676 1,385
2,637 1,865
27, 372 22,560 24,617 24,011 28,789 27,430 27,388
221,601 222,692 225,469 223,252 221,423 223,690 221,646 224, 828 231, 988
79,350 79,921 79,821 80,220 80,937 82,090 84,907 85,851 89,818
104,196 105,279 108,533 106,398 105,378 106,373 103,456 105, 245 107, 712
112,124
184,174
132,245
6, 967
1,386
29,322
35,566
31, 741 32,265
19,681
50, 537
38, 309
6,443
31, 866
12, 228
185,215
129,449
7,039
1,471
31,807
227-096 O - 77 - S3
35,303
17, 979 18,202
4,413 4,420
12,489 12,681
19,559
49,572
37,389
6,246
31,143
12,183
109,981
Time, total 9
Individuals, partnerships, and corp.:
Savings
Other time
19,599
49,814
37, 785
6,347
31, 438
12,029
18,901
49,300
37, 667
6,428
31, 239
11,633
do...
do.
"do"""
do__.
do."
Demand, total 9
Individuals, partnerships, and corp
Btate and local governments
U.S. Government
Domestic commercial banks
19, 383
50,063
37,743
6,243
31, 500
12,320
19, 060
49,927
37,935
6,401
31,534
11,992
16,380 16,564
4,041
3,979
10,880 11,198
95,051
45
85,137
11,599
19,783 19,554
50,011 51,138
37,273 38, 700
6,075 6,187
31,198 32, 513
12,738 12,438
18,677
48,858
37,377
6,072
31,305
11,481
18,727
47,690
37,515
6,239
31,276
10,175
89,013
299
80,501
11,652
do
.__do__.
do
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
mil. $
Required
_.
do "
17, 875
49,512
38,392
6,389
32,003
11,120
280, 630
112,615
10, 024
26,142
61,296
280,017
112,903
9,875
29, 995
61,429
88, 650
276,457
111,256
9,443
25,979
61,767
84,437
279,363
111,137
11,060
24, 203
62,055
90, 359
280,230
112,313
10,109
23,754
62,431
89,125
284, 878
114,619
11,319
24,053
62,869
92,359
290,428
115,501
12,617
23, 863
63, 227
94,157
292,309
17,318
12,367
24, 005
63,687
97,037
101,249 01, 721 101,402 100,549 102,942 103,729 104,630 108,501 111,639
41,561 42,809 42,150 41,182 43,144 43,421 44,458 47,615 50,192
29,393 29,711 29,279 29,174 32, 350 32, 502 33,632 36,089 36,930
61,447
59,688 58, 912 59, 252 59,367 59,798 60,308 60,172
process of collection; for loans, exclusive of loans to and Federal funds transactions with
domestic commercial banks and after deduction of valuation reserves (individual loan items
are shown gross; i.e., before deduction of valuation reserves).
OTotal SMSA's include
some cities and counties not designated as SMSA's.
If Includes Boston,c Philadelphia,
Chicago, Detroit, San Francisco-Oakland, and Los Angeles-Long Beach.
Corrected
99,239
40, 083
27,643
59,156
100,538
41.808
28,774
58,730
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
1976
1975
Nov.
Annual
January 1977
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
BANKING- Continued
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates), seas adj.:f
Total loans and investments©
bil. $..
LoansO
do
U.S. Government securities
do
0ther securities
do
690.4
500.2
50.4
139.8
721.1
496.9
79.4
144.8
722.2
498.5
76.8
146.9
Money and interest rates: §
Bank rates on short-term business loans:
In 35 centers
percent per annum..
New York City
do....
7 other northeast centers
do
11.28
11.12
11.83
8.65
8.37
8.91
8.29
7.99
8.53
7.54
7.14
7.93
7.44
6.99
7.79
7.80
7.48
8.18
7.48
7.36
6.64
11.27
11.01
11.07
11.15
8.54
9.01
8.75
8.15
8.70
8.37
8.67
7.50
7.
7.56
7.77
7.44
7.
7.51
7.75
7.95
7.75
8.15
7. 59
7.73
8.04
7.75
6.00
6.00
8 north central centers
7 southeast centers
8 southwest centers
4 west coast centers
do...
do...
do...
do...
Discount rate (N.Y.F.K. Bank), end of year or
month
percen t _.
Federal intermediate credit bank loans
do._.
TTomo mortgage rates (conventional 1st mortgages): H
New home purchase (U.S. avg.)
percent..
Existing home purchase (U.S. avg.)
do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
do
Commercial paper (prime, 4-6 months)..do
Finance co. paper placed directly, 3-6 mo.do
Stock Exchange call loans, going rate
do
Yield on U.S. Government securities (taxable):
3-month hills (rate on new issue)
percent.
3 -5 year issues
do
i 8.82
i 8.14
7.62
18.72
18.84
18.75
19.01
8.74
9.09
2 9. 89
2 9. 84
2 8.60
2 10.98
2
6.29
2 6.32
2 6.15
2 8.02
' 7. 886
2 7.81
CONSUMER CREDIT*
(Short- and Intermediate-term)
Installment credit extended and liquidated:
Unadjusted:
Extended, total 9
mil. $.. 160,008
43,209
Automobile paper
do
4,899
Mobile home
do
4,571
Home improvement
do
Revolving:
17,098
Bank credit card
do
4,227
Bank check credit
do
Liquidated, total 9
Automobile paper
Mobile home
Home improvement
Revolving:
Bank credit card
Bank check credit
Seasonally adjusted:
Extended, total 9
Automobile paper
Mobile home
ITome improvement
Revolving:
Bank credit card
Bank check credit
Liquidated, total 9
Automobile paper
Mobile home
TTome improvement
Revolving:
Bank credit card
Bank check credit
do.
do..
do.
do.
151,056
42, 883
4,099
3,767
do.
do.
15,655
3,684
6.00
723.3
497.3
81.0
145.0
5.00
5.50
731.2
499.7
143.3
5.50
734.5
500.5
90.0
144.0
5.50
737.6
500.6
93.0
144.0
5.50
738.8
500.7
94.0
144.0
5.50
743.1
504.7
92.7
145.7
748.7
507.6
95.0
146.1
752.5
511.4
94.0
147.1
760.3
519.3
93.5
147.5
766.3
521.8
94.3
150.2
5.50
5.50
5.50
5.50
5.43
7.19
7.15
7.11
767.5
521.6
96.5
149.4
5.25
7.67
7.58
7.54
7.59
7.44
7.33
7.28
8.74
9.09
8.71
9.07
8.67
9.03
8.67
8.92
8.67
8.85
8.75
8.84
8.69
8.82
8.76
8.85
8.79
8.91
8.85
8.94
8.85
8.94
v 8.84
v 8.91
5.79
5.91
5.79
7.76
5.72
5.97
5.86
7.64
5.08
5.27
5.15
7.55
4.99
5.23
5.09
7.40
5.18
5.37
5.27
7.38
5.03
5.23
5.13
7.38
5.53
5.54
5.38
5.77
5.94
5.78
7.31
5.50
5.67
5.53
7.50
5.32
5.47
5.46
7.50
5.28
5.45
5.31
7.50
5.06
5.22
5.08
7.50
4.90
5.05
4.92
7.50
4.62
4.70
4.56
2 5.838
2 7.55
5.468
7.51
5.504
7.50
4.961
7.18
4. 852
7.18
5.047
7.25
4.878
6.99
5.185
7.35
5.443
7.40
5.278
7.24
5.153
7.04
5.075
6.84
4.930
6.50
4.810
6.35
4. 354
5. 96
163,483
48,103
3,452
4,398
13, 609 16,945
3,900 4,093
253
314
326
342
12,540
3,652
194
290
12,576
3,866
212
318
15,339
5,077
286
421
15,229
4,709
255
445
17,158
5,387
317
512
16,194
4,949
316
451
16,664
5,083
284
466
15,569
4,721
281
471
2,457
448
2,037
370
1,631
356
1,947
384
15,453
4,874
259
440
1,917
396
1,904
382
2,138
436
2,145
405
2,270
432
2,205
393
13, 925 13, 950 12,997
3,654
3,848
3,820
311
332
336
321
347
319
15,014
4,470
354
369
13,851
3,952
317
380
13,459
3,797
300
322
14,595
4,204
328
354
14,184
3,958
332
366
14,178
4,077
299
356
13,811
4,115
324
371
1,844
381
2,009
407
1,951
375
2,070
1,976
341
15,521 15,003 15,041
4, 689 4,583 4,471
231
247
296
385
413
414
2,103
2,118
1,985
394
380
422
14,048 13, 576 13,566
3,819
4,026 3,851
286
309
314
314
374
344
15,592
4,600
272
410
1,911
378
1,990
421
20,428
4,024
1,736
309
156, 640 12,579
45,472 3,551
286
S, 793
321
4,150
19,208
4,010
1,836
375
1,960
378
1,800
356
14, 579 15,228
4,642
4,441
345
313
408
421
15,123
4,505
15,045
4,523
266
405
1,839
396
1,921
361
2,012
392
13,255 13,738 14,029
3, 835 3, 883 3,966
344
364
322
353
331
334
13,923
3,909
353
348
1,655
307
1,842
341
do.
do.
do
do.
do.
do.
1,762
336
do_
do.
1,832
386
1,815
372
1,881
374
2,134
419
1,926
364
1,846
359
2,088
435
15, 240 15, 685 15,775
4,769
4,477 4,712
241
253
282
434
400
381
2,152 2,183
2,165
375
401
413
14, 261 13,937
4,074 3,922
319
315
362
330
14,282
4,090
292
361
1,981
374
2,097
419
15, 239 15, 952
4,504 4,424
248
243
442
418
2,097
393
405
14, 227 14, 550
4,057 4,140
302
299
354
380
2,018
383
2,130
402
lb, 055 15,763
4,587 4, 632
261
236
464
463
2,198
413
2,181
410
14, 294 14,491
4,165
4,059
322
307
369
390
14, 520
4, 155
320
360
2,074
386
2,110
404
2,000
358
162,237 159,216 162,237 160,824 160,402 160,729 162,334 164,101 166,664 168, 674 171,160 172,918 173, 930
53,028 52,756 53,028 52,832
12,155 12,238 12,155 12,016
8,004 8,023 8,004 7,976
53,044
11,916
7,973
53,650
11,848
8,026
9,576
2,802
9,408
2,803
9,221
2,769
9,501
2,810
8,880
2,737
9,501
2,810
By holder:
75,846 78,703 77,864 78, 703 78,293
Commercial banks
.do...
36,208 36, 695 36,383 36,695 36,528
Finance companies
.do...
22,116
25,354 24,934 25,354 25, 250
Credit unions
17,933
18,002 16,451 18,002 17,133
Retailers . . .
3,620
3,483
3,584 3,483
3,281
Others
.do.
r
2
Revised.
v Preliminary.
i Average for year.
Daily average.
O Adjusted to
exclude interbank loans.
§ For bond yields, see p.S-21.
t Beginning Jan. 1959, monthly
flt
l ft
d d j t t t bech
rks f r the
726.7
497.8
84.4
144.5
7.22
do.
do.
do.
do.
Total installment credit outstanding, end of year or
month 9
mil. $ 155,384
By credit type:
50,392
Automobile
do
12,496
Mobile home
do...
7,754
Home improvement
do...
Revolving:
8,281
Bank credit card
do...
2,797
Bank check credit
do...
721.1
496.9
79.4
144.8
54,572 55,484
11,790 11,744
8,209
8,089
56,667
11,733
8,367
9,402
2,777
9,531
2,805
9, 343
57, 659 58, 665 59, 270 59,717
11,717 11,702 11,650 11,603
8,452 8,562 8,665
9,725
2,835
9,924
2,870
10,153
2,922
60,002
11,54!)
8, 700
10, 232 10, 320
2,933 2, 935
75,957 78,039 78,982 79,785 80,850 81,930 82,961 83,714 84,152 84, 278
36,458 06,450 36,745 37,022 37,490 38,026 38,398 38, 575 38,809 30,120
25,492 26,025 26,403 26,975 27,842 28, 234 28,956 29, 600 29,711 30, 053
16,769 16,375 16,448 16,465 16,633 16, 660 16,911 17,012 17, 205 17, 726
4,053 4,147
3,934
4,017
3,854
3,824
3,849
3,726
3,840 3,756
been revised back to 1970, noninstallment credit will no longer be available on a monthly
basis. "Personal loans" and "other consumer goods paper" have been combined to form an
"all other" category (not shown separately here). Earlier monthly data are available from
the Federal Reserve Board, Washington, D.C. 20551.
1[ Beginning Jan. 1973, data have
been revised; revisions for Jan. 1973-April 1975 will be shown later.
SURVEY OF CURRENT BUSINESS
January 1977
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
S-19
1976
1975
1975
Annual
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
May
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
Receipts (net)
Ontlavs (neO
..mil. $._. *1 264,932 1 280,997
268 392 324,601
do
1
do
Budget fino-iicing totBl
Reduction in ensh hfilnnces
do
Hn
Budget receipts by source and outlays by agency:
Tfcpoeints (neO total
mil 5;
do
An
Social insuranco
(net)
taxes
i -3,460
and
Other
Outlays, total?
contributions
mil *
do
Acrrieulture Denartmont
do
do
do
1
43,604
50 853
— 7, 249
i 3,460
3 009
1
451
do
do
do
Oross amount of debt oiitstandincr
ITcld l)y thp public
21,745 25,995 25,634
29,401 31,792 30,725
-43,604 - 7 , 6 5 6 - 5 , 797 - 5 , 0 9 1
1
1
1
486,247
346,053
1
264,932
118,952
* 38,620
1
1
1
1
1
An
Receipts and expenditures (national income and
product accounts basis), qtrly. totals seas. adj.
nt annual ratesrf
Federal Government receipts, totnlf
bil. $__
n
8,987
8,972
15
8,623
7,320
1,303
33, 348 22,679
32,476 28,410
872 - 5 , 7 3 1
-872
1,398
2,270
5,731
4,109
1,622
37,615
30,567
7,048
22, 660 27,360
33,906 29, 571
-11,247 - 2 , 2 1 1
-7,048
3,847
-10,895
2,211
11,247
8,733
5,964
6
,522
5,283
31,753 21,018
30,996 34,000
757 - 1 2 , 981
-757
3,279
4,036
12,981
4,386
8,595
544,131 577,726 587,553 595,306 604,778 611,391 612,843 621,532 631,285 635, 259 644,394 645, 748 649, 276
396,906 438,037 446,253 454,072 463, 045 470,365 471,763 475,872 479,719 485,683 494,417 497,696 502, 713
280,997
122,386
140,621
21,745
10 354
673
25,995
11 200
6,530
25,634
15,276
1,533
20,845
7,778
781
20,431
5, 272
5, 863
33,348
15,242
6,119
22,679
6,157
1,016
37,615
16,037
10,000
22,660
11,201
1,513
27,360
12,088
689
31,753
15,513
6,259
21,018
11,095
1,027
186,441
31,549
7,994
2,725
5,565
2,700
6,430
2,376
9,630
2,655
6,635
2,660
9,349
2,632
12,811
2,695
6,971
4,607
7,068
2,353
11,614
2,969
7.077
2,905
6,199
2,697
268,392 1324,601
1
1
9,725
9,767
77 625 1 85 420
29,401
637
7 019
31,792
1,404
7,458
30,725
1,373
7 272
29, 833
1,309
6,792
29,054
535
7,442
32, 476
999
8,158
28,410
980
6,951
30,567
1,248
7,622
33, 906
1,109
7,246
29, 571
1,266
6,826
30, 996
1,475
7,855
34,000
982
7 244
10,502
3,200
3?5
1,623
10,890
3,427
326
1,699
10,781
4,249
260
1,627
10, 759
3,309
291
1,690
11,628
3,618
307
1,674
11,131
5,169
293
1,618
10,485
3,533
279
1,569
11,319
2,949
287
1,254
11,234
5,126
344
1,351
11,318
3,065
359
1,385
11,788
1,538
250
1,222
11,635
4,743
368
1,382
1
76, 780
i 30,582
1
1
1
Health, Education, and Welfare Depa rtment
mil. $.. *1 93,375 1112,411
35,993 i 41,177
do
1
3,267
i 3,252
do
1
1
Treasury Depart merit
National Aeronautics and Space A dm
Veterans Administration
7, 656
5,091
5,797
7,820
8 215
5,936
1,720 —2,418 - 2 , 7 2 9
20,845 20,431
29, 833 29,054
-8,987 - 8 , 6 2 3
13,337
16,575
288.2
286.5
306.7
316 5
324.6
333.8
141.9
54.8
. 23.3
104.6
147.2
56.2
23.8
106.6
v 154.5
131.2
45 6
21.7
89.8
125 7
42 6
03 q
94.3
135.1
49 4
25 5
96.6
137.7
53.1
32.8
102 9
299. 7
357.8
376 0
380.3
378.7
391.1
v 405.6
111.6
77.3
124.4
84 3
130 4
87 1
129.2
86.2
131.2
86.9
134.5
88.5
p 138.9
*91.3
117.6
43 9
20.9
148 9
54 4
23 5
154 9
58 0
25 6
160.3
58 8
26.6
158.7
56.3
27.4
163.1
60 1
27.7
p 166.5
p 65.5
^28.4
5.2
6.5
7 1
5.4
5.2
5.6
*>6.3
-.5
.0
.0
0
.0
0
p .0
— 11.5
71 2
69 4
63.8
-54.1
-57.4
263. 35
11.96
118. 57
86.23
79.91
289.30
15 18
133 90
89 17
8? 41
287.12
14.65
133. 55
88.66
81.98
289.30
15.18
133 90
89 17
82 41
293.87
15.38
138 96
89.40
82.65
296.48
16.14
140.33
89.54
82.76
299. 55
17.25
141.58
89.78
82.95
299. 98
17. 57
141. 54
89.49
82.62
301.75
17.66
142.81
89.53
82.59
304.73
17.68
145.46
89.61
82.69
307. 00
18.46
146.83
89.75
82.68
309.30
18.77
148. 44
89.89
82.77
312. 04
18.88
150.11
90.22
83.04
313. 96
19.42
151.21
90.32
83.11
8.33
22.86
2.00
13 39
9 62
24.47
1 92
15 05
9.45
24.34
1.30
15.17
9.62
24.47
1 92
15 05
9.66
24.50
1 42
14 55
9.73
24.63
1.37
14.73
9.81
24.76
1.49
14.89
9.85
24.87
1.39
15.26
9.91
24.98
1.40
15.47
10.00
25.14
1.46
15.29
10.05
25.26
1.43
15.23
10.15
25. 38
1.44
15.24
10.18
25.51
1.43
15.73
10.28
25.61
1.36
15.76
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value, estimated total
mil $ 2 297,051 3 288 857 23,316
Ordinary (incl. mass-marketed ord.) do___ 181,276 3185,779 15,461
7,273
Group..
c\n
2 109,095
96 349
do
582
6,680
industrial
6 729
35 317
18,788
16,025
504
23, 258
14, 008
8,758
492
23,014
15,560
6,908
546
27,983
18,220
9,161
602
25,335
17,725
7,066
544
23,202
17,030
5,606
566
28,870
18,248
10,064
558
23,256
16,272
6,492
492
27,242
17,267
9, 453
523
25,662
16,919
8,193
550
24,409
17, 720
6,171
518
27,619
18,394
8,718
507
11,598
11,598
26
42
41,744 ' 85,499
24,480 22,500
11,598
-25
40,733
39,808
11,598
85
75, 341
27,258
11,598
48
Personal tnx and nontax reoeints
^
An
An
Federal Government expenditures, totalf._do
Purchases of goods and services
National defense
do
An
do
Orants-in-aid to State and local govts. do
An
Net interest pnid
Subsidies less current surplus of government
enterprises
bil $
Less: Wage accruals less disbursements...do
Surnlus or deficits
)
An
P24.1
v 105.8
LIFE INSURANCE
Institute* of Life Insurance:
Assets, total, all U.S. life insurance cos. ...bil. $.
Government securities
do
Corporate securities '
do
Mortgage loans total
do
N on farm
do
Real estate
Policy loans and premium notes
Cash
Other assets
do
_do
do
An
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period). ..mil. $.. 11,652
Net release from earmark§
do
230
Exports
thous. $
228,480
Imports
An
396,679
Production:^
South Africa
Canada.
mil $
do
1 038 3
70 9
11,599
93
458,853
456,638
11,599
6
12,193
24,409
11,599
0
22,469
26,895
11,599
76
9,943
17,769
11,599
3
28,046
19,472
11,599
6
5,789
19,344
15,598
3
8,421
23,360
11,598
10
6,636
41,915
11,598
14
11, 696
38,069
960 9
68 7
82.3
5.0
72.6
5.7
76 4
6 2
75.6
5.6
79.4
6.1
78.1
5.8
79.0
5.8
83.6
6.1
81.5
5.4
84.0
5.7
85.3
4,338
18 638
4.086
11,541
27,619
4.189
5,026
17,699
4.356
4,616
15,804
4.488
3,345
29,800
4.812
6,562
22,509
4.774
4,918
54,144
4.237
7,324
22,861
4.295
2,601
23,249
4.225
2,912
31,533
4.369
2,864
1,874
2,415
1,679
2,723
1,578
1,774
1,796
2,104
2,430
Silver:
Exports..
2,942
5,161
3,813
thous $
81 651 132 626
An
Imports
501 521 320 556 18 289 31 116 27,967
Price at New York
dol. perfineoz__ 4.708
4.332
4.085
4.063
4.419
Production:
United States
thous. fine oz.._ 52,583
6,716
3,482
1,084
36,627
r
Revised.
* Preliminary.
1 Data shown in 1974 and 1975 annual columns are for
fiscal years ending .Tune 30 of the respective years; they3 include revisions not distributed
to months.
2 includes $907 mil. Vets group life ins.
Includes $1,694 mil. Vets group life
Ins.
9 Includes data for items not shown separately.
fData have been revised back to 1946 (see table 3.2in the Jan. 1976 SURVEY for earlier data).
§ Or increase in earmarked gold (—).
^Valued at $38 per fine ounce from Jan. 1972-Sept.
1973; at $42.22 thereafter.
SURVEY OF CURRENT BUSINESS
S-20
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1975
1976
1975
Nov.
Annual
January 1977
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
MONETARY STATISTICS—Continued
bil. $..
79.7
86.5
84.5
86.5
83.2
83.8
85.5
86.5
87.7
88.9
88.9
89.5
89.5
90.3
93.0
Money supply and related data (avg. of dailyfig.):©
Unadjusted for seasonal variation:
Total money supply
bil. $
do
Currency outside banks
Demand deposits _ __
doTime deposits adjusted!
. —
U.S. Government demand deposits^!.—
277.8
64.9
212.8
397.0
289.5
71.0
218.5
436.1
3.7
297.4
73.9
223. 5
445.6
3.5
303.2
75.1
228.1
449.6
4.1
301.0
73.7
227.3
452.5
3.8
292.9
74.1
218.9
454. 9
4.6
295.3
75.1
220.2
458. 9
3.9
303.5
76.2
227.2
461. 5
3.9
298.5
77.1
221A
462.9
3.8
302.5
77.8
224.7
466.4
4.8
305. 2
78.7
226.5
469.4
3.4
303.1
78.9
224.3
470.5
3.6
304.4
79.0
225.4
473.7
4.9
308.7
79.6
229.1
478.4
3.8
311.8
80.8
230.9
480.7
4.0
320.8
82.2
238.6
488.0
4.4
295.6
73.4
229 1
448.3
294.8
73.7
221.0
452.4
295.1
74.2
220.9
454.1
296.6
75.0
221.6
456.7
298.1
75.7
222.4
457.6
301.8
76.7
225.2
460.4
303.5
77.3
226.2
460.4
303.2
77.6
225.6
465.9
304.9
78.1
226.8
470.0
306.4
78.6
227.8
468.7
306.3
79.1
227.2
472.5
309.8
79.8
230.0
478.0
309.8
80.3
' 229. 5
484.2
311.9
80.7
231.2
491.5
131.0
351.8
84.7
118.4
71.6
132.4
366.0
140.9
375.4
144.6
377.5
140.3
374.9
145.0
400.8
145.8
405.0
148.6
400.6
145.8
393.7
146.4
416.2
82.9
115.4
70.3
89.6
128.1
74.6
92.5
131.4
77.2
88.4
124.6
74.2
139.3
380.2
58.2
126.9
73.3
90.9
131.9
75.1
89.9
128.6
74.9
94.8
138.2
78.1
94.0
136.1
77.7
89.8
126.4
75.7
3,249
1,510
2,203
1,125
Currency in circulation (end of period)
Adjusted for seasonal variation:
Total money supply _ _
Currency outside banks
Demand deposits
Time deposits adjusted^.
5.6
do
do
do
do_ _
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (233 SMSA's)© _ratio of debits to deposits.
New York SMS A
Ho
Total 232 SMSA's (except N Y )
0 other leading SMSA'sd*
226 other SMSA's
120.1
290 9
128.3
335 0
134.0
360.8
81 9
123 6
65 8
82 9
119 1
68 8
84.9
119.5
71.5
8 747
4,001
780
49 135
5,154
409
1 801
6 703
14 227
1,358
255
547
1,731
14 797
1,263
253
563
1,952
18 032
1,595
258
662
2,096
15,970
1,695
165
574
1,917
14 483
1 9()4
9 307
968
663
2 280
2 764
2,846
2 951
2,860
9 Q35
3 149
309
119
537
138
180
454
468
321
656
2,837
2,523
624
760
5,648
2, 940
6,311
2,564
1,727
780
1,795
768
2,016
1 042
1 197
1 957
8 594
1 039
1 737
7 481
288
369
1,393
2,062
476
448
2,300
1,783
2,792
2,621
19,467
19,968
5,303
5,188
5 409
5,556
do
do
rift
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade Comm.):
Net profit after taxes all industries
mil *
Food and kindred products
do
Textile mil! products
do
Paper and allied products
do
Chemicals and allied nrorfnefs
r
7 175
do
do
do
do
Stone clav and class nrodnets
Primary nonferrous metal
Primary iron and ^teol
Fabricated metal products (except or dnance,
machinery, and transport, equip.)
-mil. $ Machinery (except electrical)
-do.-_.
Elec. machinery, equip., and supplies. do
Transportation equipment (except m ot or
vehicles, etc )
mil $
Motor vehicles and equipment
do
All other manufacturing industries
do
Dividends paid (cash), all industries
-do..-.
888
497
238
507
841
915
1,960
937
711
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds total
By type of security:
Bonds and notes, Corporate
Common stock
Preferred stock
Hy type of issuer:
Corporate, total 9
Manufacturing
Extractive (mining)
Public utility
Transportation
Communication
Financial and real estate
State and municipal issues (Bond Buyer):
Long-term
Short-term . .
mil. $..
__do_-.
do
do
mil $
do
do
2
39,894
56, 074
4,768
4,418
3,573
3,707
7,053
3,771
4,428
6,560
3,234
3,010
31,496
41, 683
3,253
3, 449
2, 726
2,643
4,823
2,831
2,920
4,992
2,288
2,339
4 000
o 954
7 495
3 458
326
335
431
754
1,604
467
899
1 035
540
464
444
462
148
173
443
61
299
360
89
37 727
10 410
59 547
18 648
1 6')8
4 044
1 115
6,863
2,423
3,357
4 120
1 708
6,246
1 394
2,917
1 018
198
224
189
47
1 148
1,346
918
190
971
54
4,244
1 414
249
3 220
1 09l
68
1 086
3 470
1 139
9
1 8
789
2,159
568
276
640
102
208
3,010
994
do
1° 836
15 893
1 268
902
do
do
do
1,004
3 998
6,777
2,636
4 463
6,840
957
55
500
269
231
761
218
16
465
604
171
589
256
578
1,368
284
448
697
78
20
867
243
1,407
1,387
64
26
562
13
212
581
do
22,824
29,041
29 326
28,973
2 338
2,066
2,154
1,828
2,402
936
2,638
1,488
3,234
2,437
2,196
2,533
3,492
2,342
2,926
3,097
2,567
1,138
2,609
1,651
2,678 r 3, 520
2,402 r 1,244
7 152
6', 115
1 037
7 617
6,575
1,042
7,932
6,856
1,076
8 110
7,103
1,007
8,276
7,248
1,028
8 417
7,519
8 683
7,622
1 061
8 566
7,707
dn
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers and banks, end of month,
1 4 336
6 500
6 527
6 500
6 568
tOtal
m i l <fc
1
At brokers _
3] 980
5,540
5,568
do
5,540
5*519
1
At banks
856
960
960
do
1 008
1 000
Free credit balances at brokers:
Margin accounts.
Ull
475
475
655
do
490
1
Cash accounts
1,424
1,525
1,525
1,470
1,975
-do—
r
Revised.
v Preliminary.
1 End of year.
2 Beginning Jan. 1974, does not include
noncorporate bonds and notes formerly included.
©Effective February 1976 SURVEY,
data revised to reflect: Annual review of seasonal factors; regular benchmark adjustment;
effect of changes in check collection procedures (Regulation J); and adjustments to include
new figures from internationally oriented banking institutions. Monthly revisions back to
1970 are in the Feb. 1976 Federal Reserve Bulletin.
898
859
8 772
7,704
1,068
570
530
555
595
540
540
555
611
685
1,740
1,655
1,635
1,935
1,605
1.580
1,680
1,710
2,065
f At all commercial banks.
©Total SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
January 1977
U n l e s s o t h e r w i s e s t a t e d in footnotes below, d a t a
t h r o u g h 1974 a n d descriptive notes a r e a s s h o w n
in t h e 1975 edition of B U S I N E S S S T A T I S T I C S
1974
1975
Annual
S-21
1975
Nov.
1976
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
SECURITY MARKETS—Continued
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composited"
dol. per $100 bond..
Domestic municipal (15 bonds)
do
U.6. Treasury bonds, taxable^
do
58.8
76.1
56.2
68.9
56.3
66.2
56.1
67.4
57.45
57.44
55.77
56.03
Sales:
Total,excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil. $. 6,456.77 9,345.90 757.15
Face value
.
do - 8,120.18 10,708.85 834.21
New York Stock Exchange:
Market value
.
Face value
_
57.3
69.2
58.2
71.3
56.5
69.1
56.8
69.3
57.1
71.1
57.9
74.1
58.8
74.8
59.1
76.3
59.2
76.4
57.86
58.23
59.33
57.38
57.86
58.38
58.88
59.54
59.93
60.21
61.3
80.4
62.05
570.68
504.74
491.60
424.66
420.88
413.29
388.78
378.04
397.11
365. 41 387.33
519. 59
55.75
890.01
999.20
0)
. _ do... 6,193.81 9,070.20 741.19
do
7,740. 56 10,302.08 812.29
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $ 4,052.12 5,178.34
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
Aa _
A
Baa
57.1
68.8
57.0
69.7
856. 23
949.84
341.97
419.45
percent..
8.98
9.46
9.44
9.45
9.33
9.23
9.18
9.04
9.06
9.05
8.97
8.85
8.72
8.63
2 r 8.66
8.47
do
do
do
do
8.57
8.67
9.16
9.50
8.83
8.97
9.65
10.39
8.78
8.97
9.67
10.33
8.79
8.99
9.68
10.35
8.60
8.90
9.57
10.24
8.55
8.80
9.47
10.10
8.52
8.76
9.42
9.99
8.40
8.67
9.26
9.83
8.58
8.66
9.24
9.76
8.62
8.63
9.21
9.72
8.56
8.55
9.13
9.63
8.45
8.44
9.00
9.49
8.38
8.35
8.85
9.30
8.32
8.26
8.77
9.18
2 r 8.25
2 r 8. 46
2 r 8. 69
2 r 9.23
7.98
8.24
8.53
9.12
do
do
do
8.78
9.27
8.98
9.25
9.88
9.39
9.27
9.83
9.36
9.26
9.87
9.37
9.16
9.68
9.32
9.12
9.50
9.25
9.10
9.43
9.16
8.98
9.27
9.05
9.00
9.31
8.96
8.96
9.36
8.88
8.90
9.26
8.81
8.79
9.07
8.75
8.66
8.91
8.66
8.58
8.83
8.54
8.54
8.77
8.48
8.33
8.61
8.39
Domestic municipal:
Bond Buyer (20 bonds^
Standard & Poor's Corp. (15 bonds)
do
do
6.26
6.09
7.08
6.89
7.39
7.21
7.29
7.06
6.85
6.80
6.98
6.91
6.69
6.86
6.55
6.62
6.89
6.87
6.87
6.85
6.73
6.64
6.52
6.28
6.47
6.20
6.33
6.06
6.03
6.05
5.83
5.69
U.S. Treasury bonds, taxableO
do
6.99
7.21
7.17
6.94
6.92
6.87
6.73
6.99
6.92
6.85
6.79
6.70
6.65
6.62
6.39
8.16
8.00
8.07
8.04
8.06
8.10
8.08
8.99
7.90
7.80
7.80
7.70
285.28 297.84
929. 34 971.70
89.17
89.27
190. 80 203.17
301.60
988.55
86.88
207.80
302. 68 304.50
992.51 988.82
87.15
86.66
208.39 215.71
304.34 310.90 307.85 311.79 300.04
985. 59 993. 20 981. 63 994. 37 951.95
96.63
97.33
92.91
86.16
90.31
218. 84 225.92 220.06 219.55 208.18
303.03
944. 58
99.59
217. 53
317. 03
976. 86
105. 33
232. 43
100.64
112.96
116.68
93.47
101.08
113.73
117.30
94.64
101.93
114.67
115.86
94.39
101.77
114.50
117.50
90.26
105. 45 101. 89
118.15 114.03
118. 84 113.16
92.34
94.75
101.19
112.96
111.33
90.98
104. 66
116. 33
116. 36
94.65
By group:
Industrials
Public utilities
Railroads
.
Stocks
Dividend rates, prices, yields, and earnings, common stocks (Moody's):
Dividends per share, annual rate, composite
dollars
Industrials
do
Public utilities
do
Railroads..
do
N.Y. banks
do
Property and casualty insurance cos
..do...
Price per share, end of mo., composite
Industrials
Public utilities
Railroads
6.98
10.63
11.82
4.83
4.27
8.09
13.25
0)
do
do
do
do
220.35
270.42
48.26
77.16
0)
percent..
do
do
(>)
do
do....
4.82
4.37
10.01
5.53
4.01
5.14
Earnings per share (indust., qtrly. at ann. rate;
pub. utll. and RR., for 12 mo. ending each qtr.):
Industrials
_
dollars
Public utilities
do
Railroads
do
27.69
7.63
9.81
0)
Dividend yields, preferred stocks, 10 high-grade
(Standard <fe Poor's Corp.)
percent..
8.24
8.36
8.50
8.46
237.33
759.37
75.84
164.05
247.25
802.49
79.81
163.39
259.28
845.51
82.94
170.59
256.42
840.80
81.60
166.84
82.84
92.91
92.84
78.08
86.16
96.56
94.63
81.18
90.07
100.86
97.35
88.01
88.70
99.31
96.41
85.66
Yields, composite
Industrials
Public utilities
...
N.Y. banks...
Property and casualty Insurance cost
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
Standard & Poor's Corporation: <?
Combined index (500 Stocks)
1941-43=10..
Industrial, total (400 Stocks) 9
do .
Capital goods (111 Stocks)
do
Consumer goods (189 Stocks).
do
96.86
108.45
108.41
91.03
Utilities (40 Stocks)
do
38.91
41.17
43.77
43.25
46.99
Transportation (20 Stocks)*
1970=10
Railroads (10 Stocks)
1941-43=10
37.29
37.48
37.81 37.07
41.42
Financial (40 Stocks)*
1970-10
New York City banks (6 Stocks). 1941-43=10.. 54.16
51.48
45.56
44.87
48.69
Banks outside N.Y.C. (10 Stocks)
do..
83.89
80.52
77.73
85.40
80.01
Property-Casualty Insurance (6 Stocks) . d o . .
84.15
88.72
93.75
97.83
92.70
r
2
Revised.
v Preliminary.
* Estimate.
* No longer available.
Yields for
periods prior to Nov. 1976 have been revised; the revisions will be available later.
<f Number of issues represents number currently used; the change in number does not
101.16
113.76
115.09
91.67
104.20
116.99
119.62
93.37
103.29
115. 63
118.10
92.95
50.55
53.58
50.18
50.63
48.81
46.51
47.49
13.99
14.97
13.58
14.33
14.47
14.96
14.53
46.93 50.48
44.89
46.59
46.90
47.75
46.56
11.58
12.61
11.53
11.96
11.93
11 26 11.83
47.73 51.25
49.40
54.00 51.96
55.13
54.42
52.23 52.34
53.06
56.98
94.88 106. 37
94.65
95.56
99.93
93.38
98.87 103. 96 104.45 101. 30 98.14
99.56
92.36
100.69 100.97
96.94 102.68 111.72 113.52 113.33 113. 66 119.40
affect continuity of the series.
\ Prices are derived from average yields on basis of an
assumed 3 percent 20-year bond.
O For bonds due or callable in 10 years or more.
9 Includes data not shown separately.
*New series.
47.22
45.67
46.07
45.69
43.40
44.54
44.91
46.09
CURRENT BUSINESS
SURVEY
S-22
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of B U S I N E S S S T A T I S T I C S
1974
|
1976
1975
1975
Annual
January 1977
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks—Continued
Prices—Continued
New York Stock Exchange common stock indexes:
Composite
12/31/65=50..
Industrial
do
Transportation
do
Utility
do.._.
Finance
...do
Sales:
Total on all registered exchanges (SEC):
Market value
mil. $.
Shares sold
millions.
On New York Stock Exchange:
Market value
mil. $.
Shares sold (cleared or settled)
millions.
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
millionsShares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares
bil. $_
Number of shares listed
millions.
54.43
60.07
38.37
38.33
52.74
54.17
59.45
39.28
38.85
53.25
415
361
381
535
827.05
24,080
809. 44
24, 212
810.81
24,354
858 30
24, 500
43.84
48.08
31. 89
29.79
49.67
45.73
50.52
31.10
31.50
47.14
47.64
52.91
32.09
32.99
45.10
46.78
51.89
31.61
32.75
43.86
51.31
57.00
35.78
35.23
48.83
53.73
59.79
38.53
36.12
52.06
54.01
61. 30
39.17
35.43
52.61
54.28
60.62
38.66
35.69
52.71
53.87
60.22
39.71
35.40
50.99
54.23
60.70
40.41
35.16
51.82
55.68
62.11
42.12
36.49
54.06
55.18
61.14
40.63
37.56
54.22
56.29
62.35
40.36
38.77
54.52
118,434
4,846
157,260
6,221
11,145
404
12,829
521
18,470
689
20,627
801
20,732
796
16,500
570
13,825
470
14,947
524
17,209
581
13,106
455
14,670
502
99,178
3,822
133,684
5,051
9,495
335
10,881
417
15,708
563
17,415
640
17,540
631
17,540
631
11,455
370
12,618
406
13,671
451
10,983
362
12,451
405
3,518
4,693
319
349
596
531
392
356
417
394
347
511.06
21,737
685.11
22,478
692.22
22,382
685.11
22,478
769. 47 791.85
22,592 22,700
781.60
22,784
773.60
22,956
809.20
23,263
806.82
23,709
810.06
23,924
771.39
22,551
56
61
41
40
57
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Exports (mdso.), incl. reexports, t o t a l s
Excl. Dept. of Defense shipments
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia nnd Oceania
Europe
107,591.6 9,526.4 9,328.7 8,769.8 8,742.4 9,847.4 9,843. 6 9,988.1 9,863. 3 9,330.0 8,898.4 9,208.7 10,085.1 9,687.4
mil. $..
107,130.4 9,513.3 9,303.5 8,760.2 8,737.6 9,842.2 9,834. 2 9,977. 4 9,850. 4 9,325. 5 8,828.8 9,159.0 10,080.7 9,682.3
9,408.9 9,249.9 9,103.4 8,800.1 8,955.6 9,393. 6 9,578. 0 9,716. 3 10,022.0 9,688.1 9,871. 7 9,727. 6 9,624.6
do
do
do..
do..
do..
do..
429.4
449.8
422.4
471.9
452.7
420.4
438.9
424.4
331.6
513.6
3,659. 4 4,949.2
339.7
406.8
25,784.5 28,259. 5 2,388.2 2, 385. 2 2,409.3 2,218.4 2,465.3 2,398. 6 2,521.6 2,448.9 2,718.1 2,442.4 2,445.7 2,571.6
205.0
217.9
230.6
215.9
218.2
192.9
201.7
203.2
203.2
301.8
2,696. 8 2, 338. 6
236.1
206.6
30,069.6 32,726. 5 3,053.8 2,969. 4 2,804. 7 2,836.1 3, 060.8 3,124. 4 3,135. 8 2,814.0 2,789. 5 2,604.1 2,736.0 3, 356.1
Northern North America
Southern North America
South America
do_.
do..
do..
19,941.7 21,767.4 1,917.5 1,830.4 1,675.7 1,851.8 2,197.6 2,192. 5 2,244.0 2,244.6 1,699. 4 1,818.8 1, 993.1 2,075. 9
648.5
638.8
692.0
651.3
693.9
771.6
750.3
7, 947. 7 8,290. 4
673.9
752.0
738.2
664.6
750.3
679.2
698.3
746.2
685.4
7,856.0 8,815. 3
680.7
731.5
755.9
693.0
695.5
729.7
By leading countries:
Africa:
Egypt
Republic of South Africa
do.
do.
455.2
1,159.9
682.7
1,302.4
48.7
110.0
48.8
119.6
61.3
96.6
78.3
93.1
54.9
139.0
77.6
113.7
75.1
93.7
57.3
138.1
73.3
120.2
64.2
107.2
72.9
128.7
66.1
100.4
do.
do.
do_.
do.
2,172.3
759.8
396.4
377.3
1,834.0
1, 289.7
372.0
395.3
184.7
91.6
33.2
29.4
166.3
127.6
29.8
30.7
154.4
123.5
28.1
29.8
163.2
99.0
35.0
30.8
163.3
127.2
42.2
34.0
172.3
74.8
35.1
35.1
177.2
52.6
28.4
40.8
224.7
62.7
16.3
54.1
185.0
105.6
22.6
44.4
167.7
96.0
48.5
64.2
189.6
129.2
42.5
59.9
182.3
107.2
41.7
47.6
530.5
746.7
10,678.5
810.1
831.5
9,565. 4
58.5
70.0
844.1
64.8
78.4
729.9
91.2
57.6
841.4
72.3
59.1
671.9
107.5
78.7
824.6
104.1
69.9
768.0
114.7
69.2
864.3
67.8
61.1
858.9
64.1
70.4
954.7
84.3
69.3
834.8
96.1
68.3
813.9
87.7
99.4
897.1
3,030.7
240.0
273.7
254.2
281.1
301.5
306.8
312.8
265.1
239.6
266.1
354.2
4.8
14.5
6.7
2.3
1.6
8.5
Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
M alay sia___
Indonesia
Philippines
Japan
do
do
do
Europe:
2,941.5
France
__do
German Democratic Republic (formerly E.
21.9
Germany)
mil. $_.
Federal Republic of Germany (formerly W.
Germany)
..mil. $__ 4,984. 6
17.3
1.6
5,194.1
477.3
534.5
504.1
386.5
516.2
451.5
463.1
401.7
379.7
417.4
419.6
608.9
2,751.6
608.8
4,573. 5
2,866. 9
1,835.5
4,524. 9
231.0
353.9
367.7
207.9
233.8
348.9
264.8
234.2
346.0
230.5
276.5
386.3
257.4
229.7
393.6
283.3
233.9
431.6
245.5
245.3
385.1
277.7
183.3
364.5
225.1
195.3
429.9
194.4
136.5
360.5
236.9
104.5
395.9
306.7
122.1
Italy.
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
Latin American Republics, total 9
Argentina
Brazil
Chile
Colombia
Mexico
Venezuela
Exports of U.S. merchandise, totaled
Excluding military grant-aid
Agricultural products, total
Nonagricultural products, total
.do.
do.
do.
..do.
.5
8.1
19,936.0 21,758.9 1,917.2 1,830.4 1,675. 3 1,851.5 2,197.4 2,192. 4 2,242. 8 2,244.2 1.699.0 1,818.7 1,992.7 2,075.4
14,500.9 15,670. 0 1,318.1 1,380.2 1,238.1 1,195.7 1,363.1 1,313.7 1,268.0 1,349.9 1, 310. 6 1,243.1 1,202.1 1,219.3
do
44.4
39.6
39.0
41.2
39.9
628.3
71.5
596.6
29.4
39.1
27.5
37.3
52.1
do
36.4
227.4
200.8
240.3
229.8
254.0
270.7
3,088. 0 3,056. 2
265.0
234.9
232.5
233.3
258.4
do
270.1
46.6
62.8
63.2
40.6
40.8
533.4
40.8
452.2
36.6
26.3
31.0
33.7
24.8
do.__.
49.5
53.7
54.4
55.1
66.7
69.9
642.9
659.2
39.8
58.0
47.8
64.3
53.4
do
55.6
40.7
371.4
367.4
451.5
405.3
414.0
412.6
4,855. 3 5,143. 6
483.2
427.5
441.4
424.9
do
480.3
450.5
234.8
210.3
234.4
216.2
190.9
192.8
185.3
1, 767. 7 2,243.3
193.3
209.9
195.8
do
213.6
189.7
do
do
.do
do
97,144. 2
96,545. 0
21,998.9
75,145.2
106,102.1
105,641.0
21,889.2
84,267. 6
9,419.5
9,406.4
2,176. 4
7,244.1
9,218.9
9,193.6
1,959.9
7,255. 3
8,668.1
8,658.5
1,994.1
6,674.0
8,633.9
8,629.1
1,715.1
6,918.8
9,690.7
9,685.4
1,873.3
7,817.4
9,714.1
9, 704. 7
1,933.1
7, 781. 0
9,865. 4 i,730.7 9.189.1
9,854. 7 9,717.8 9,184. 5
1,848. 6 1,823.8 1, 798. 6
8,016.8 ,906.9 7,390. 5
8.764.5
8,694.9
1.759.6
7,004.9
9.058.0 i, 929. 7
9,008.3 9,925.3
1, 796.9 2,250.7
7.261.1 7,679.0
By commodity groups and principal commodities:
Food and live animals?..
mil. $.. 13,985.8 15,484.3 1,526.8 1,382. 0 1,333.3 1,159.8 1,244.3 1,355. 3 1, 253.4 1,281.3 1,357. 9 1,367.0 1,321.6 1,515.9 1,299. 2
78.0
65.4
65.2
67.6
55.8
527.7
57.1
56.1
60.6
77.4
53.9
62.2
380.7
79.3
Meats and preparations (incl. poultry) __do
916.9 1,046.0
983.7
866.1
963.3
886.4
947.9
982.7
840.6
10,330. 9 11,643.1 , 174.4 1,038.4
Grains and cereal preparations
do
853.8
Beverages and tobacco
do..
1,247.4
1,308.4
150.2
139.3
187.9
835.8
Crude materials, inedible, exc. fuels 9
do..
819.8
10,934. 4 9,783.6
859.4
57.1
991.2
61.6
1,334.7
44.9
Cotton, raw, excl. linters and waste
do.
277.4
Soybeans, exc. canned or prepared
do
268.3
3,537.4 2,865. 2
336.4
85.8
1,355.2
84.1
1,475.0
94.8
M6tal ores, concentrates, and scrap
do
r
Revised.
cfData may not equal the sum of the geographic regions, or commodity groups and principal
137.6
794.1
39.4
265.7
82.4
118.1
904.5
104.6
267.8
93.3
120.7
888.0
82.0
256.6
100.7
149.7
126.5
90.3
89.7
78.4
101.5
131.1
929.6
90.2
253.7
134.7
875.4
89.0
265.8
110.9
807.1
80.1
189.9
134.9
768.9
85.9
150.2
108.2
823.5 1,049.4 1,118.2
80.7
115.4
401.8
151.5
102.8
125.7
commodities, because of revisions to the totals not reflected in the component items.
9 Includes data not shown separately.
34
54
77
61
45
S-23
SURVEY OF CURRENT BUSINESS
January 1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are a s shown
in the 1975 edition of B U S I N E S S S T A T I S T I C S
1974
1975
Annual
1976
1975
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
304.8
214.4
75.2
387.8
291.7
82.9
407.2
294.4
90.9
379.1
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS—Continued
Exports of U.S. merchandise—Continued
By commodity groups and principal commodities—Continued
Mineral fuels, lubricants, etc. 9
mil. $-- 3,443.9
2,487. 2
Coal and related products
do
791.7
Petroleum and products
do
Animal and vegetable oils, fats, waxes
do
1,423.3
4,469.5
3,343.0
907.3
457.9
379.6
63.8
350.9
231.2
89.4
268.4
187.3
60.0
281.7
156.2
84.8
303.9
208.6
76.5
415.1
297.3
95.6
373.0
278.2
76.6
77.7
68.8
78.9
73.9
77.9
77.3
96.4
780.7
748.7
714.9
863.8
854.2
898.1
895.3
145.6
151.6
103.2
894.0
150.3
145.0
90.2
890.5
151.3
152.4
68.0
, 019.0
175.9
164.3
104.9
975.5
168.0
168.8
89.7
959.2
161.6
166.6
83.5
943.8
Chemicals
do
8,819.2
Manufactured goods 9H
Textiles
Iron and steel
Nonferrous base metals
do
do
do
do
1,691.2
11,165.8 10,919.2
1,795.3 1,624.5
2,560.3 2,457.0
1,300.4 1, 089.5
914.2
147.1
184.2
92.6
Machinery and transport equipment, total
mil. $-, 38,188.6 45,667.6 3,946.7 4,038.2 3,589.3 3,879. 3 4,330.9
Machinery, total 9
do
23,687.9 28,476.2
413.8 2,474.3 2,377.1 2,402. 3 2, 789. 8
190.7
Agricultural
do
171.4
1,398.4 2,094.4
182.5
155.5
221.5
71.7
Metalworking
do
96.2
83.1
636.5
83.3
106.6
916.4
Construction, excav. and mining
do
423.1
406.5
386.2
3,112.6 4,731.4
394.4
434.6
633.3
688.5
Electrical
do
~, 019.2 7,582. 0 664.2
665.1
792.2
532.8 1,563.9 1,212.2 , 477.0 1,541.1
Transport equipment, total
do
4,500.7 17,190.5
848.1
Motor vehicles and parts
do
760.5
', 878.1 10,036. 2 919. 4 944.3
981.2
403.8
314.4
72.5
347.5
241.4
91.2
86.4
60.3
91.5
850.7
841.0
785.4
816.3
827.9
897.6
150.6
174.9
90.4
892.8
147.6
165.1
96.7
910.0
171.4
153.0
89.6
906.7
174.4
140.5
97.0
904.8
224.1 4,438. 8 4,395.7 3, 977.8
728.9
846.6
229.0 4, 067. 7
, 704.0 2,721.7 2,668. 7 2,678.0
181.2
203.4
186.5
218.6
73.7
66.2
87.2
106.0
418.2
442.5
469.4
438.2
770.0
769.4
795.1
814.2
, 520.1 1,717.1 1, 727. 0 1, 299. 9
997.8
733.0
1,009.9
545.7
537.5
578.0
558.0
248.2
248.5
258.3
244.4
365.3
143.1
62 6
356.4
755.3
363.6
788.2
,491.5
133.3
64.3
380.3
766. 6
355.1
887. 9
, 726. 9
161.1
62.1
415. 3
833. 3
, 502.1
915. 2
508.0
544.8
560.1
541.4
191.3
215.7
212. 2
191.2
78.3
844.4
959.8
169.2
157.8
88.1
79.0
733.2
537. 3
Miscellaneous manufactured articles
do
5,349.1
5,672. 7
471.8
478.5
477.9
500.4
611.8
Commodities not classified
do
2,586.6
3,162. 0
353.3
265.5
254.0
201.6
216.5
do^
do..
00,251.0 36,116.0 7,908.5 8,884.5 9,009.0 8,111.2 10,199.2 ), 895.1 8,943.7 10,578.1 10,563.8 0,453.1 0,385. 4 .0,039. 9 11,061.6
8,201.3 8,521.5 9,176.0 8,940. 9 9,606. 5 1,595. 7 9,182.4 10,093.6 10,849.1 0,445. 8 0,650. 6 .0,423. 5 10,530.8
do
do
do
do
6,617.6
;, 304.6 632.5
893.8
743.0
789.9
964.5 ,054.5
27,344.9 27,054.6 2,356.0 2,663.0 2, 955.3 2,502.1 3,145. 9 3,033.1
136.1
1,503.9 1.508.2
101.2
115.9
124.0
94.9
134.7
24,411.8 21,465. 9 ,831.0 2,053.9 1,896.6 1,610.8 2,156.9 2,027.5
Northern North America
Southern North America
South America
do
do
do
21,929.1
9,433.1
8,962.4
11,754.7
8,821.6
7.219.3
By leading countries:
Africa:
Egypt
_
Republic of South Africa
do.
do..
69.7
27.5
840.9
VALUE OF I M P O R T S
General imports, total
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
...
Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines
Japan
do_.
do..
do..
do..
do_.
do..
do.
Europe:
France.__
do_..
German Democratic Republic (formerly E.
Germany)
mil. $_
Federal Republic of Germany (formerly W.
Germany)
mil. $.
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do.
North and South America:
Canada
do_
Latin American Republics, total 9
,_do
Argentina
. . . do
Brazil
do
Chile
do___
Colombia
do
Mexico...
do
Venezuela
.do
By commodity groups and principal commodities:
Agricultural products, total
mil. $..
Nonagricultural products, total
do
Food and-live animals 9
do.
Cocoa or cacao beans
do
Coffee
do".,.
Meats and preparations
do__
Sugar
do.
Beverages and tobacco
_.do
'Revised.
4.
71.9
7.8
59.5
11.4
62.8
,301.4
834.4
542.4
14.0
75.6
11.0
58.3
79.0
102.3
59.1
55.1
5.8
7.7
65.6
72.4
190.9
278.4
58.3
53.3
995.0 1,308. 3
74.2
74.7
6.9
63.6
245.1
66.5
,231.2
5.8
70.8
8.4 I
52.8 I
1.1
95.8
5.9
68.8
13.5
95.8
120.5
124.9
114.5
92.1
49.4
65.7
66.0
60.2
5.7
6.2
5.8
5.7
72.0
97.8
88.0
61.8
222.3
285. 3 304.2
225.0
83.5
80.6
55.7
67.7
1,184.6 1,399.4 1, 354. 5 1, 407. 8
26.9
106.7
105. 3 127. 6
59.4
54.5
5.0
3.5
98.3
64.4
261.6
199.4
109.2
62.9
, 330.4 1, 296. 7
1,082.7 1,183.0
559. 5
548.2
60.7
48.8
769.7
766.4
1,688.1 2,220.6
1,083. 9
754.2
12,337.6 11,268.0
101.3
89.1
101.0
77. 2
59.8
62.1
6.2
5.4
6.4
80.8
77.5
66.8
182.5
192.9
245.1
63.4
44.3
49.5
867.1 1,044.9 1 ; 156. 7
2,257.4
2,136.9
175.5
194.9
185.3
166.7
222.9
206.1
183.0
206.5
217.9
213.8
177.4
14.1
11.2
.9
1.3
1.9
.5
1.1
.6
1.1
.9
1.7
1.1
1.2
1.1
6,323. 9
2, 585.0
349.7
4,061.3
5,381.5
2,397.1
254.4
3,784.4
438.1
209.9
17.0
298.3
509.5
218.5
23.7
360.7
486.0
207.5
16.7
302.2
348.0
178.5
11.2
286.6
490.1
228.5
14.5
402.7
460.8
431.0 491.7
208.8 I 198.0 I 214.5
18.3 | 12.1 26.3
359.0 ! 334.4
376.9
467.9
230.0
432.9
240.8
23.6
378.3
421.0
187.3
18.6
371.8
482.0
190.5
19.9
368.4
21,924.4 21,746.7
13,666.9 11,839.8
385.8
214.6
1,699.9 1,464.3
310.3
137.7
511.0
590.2
3,390.4 3,058. 6
4,671.1 3,623.9
2, 020.3 1, 795. 7 1, 870. 9 2 253 0
835.6
20.5
98.9
10.8
58.5
248.0
225.3
997.2
27.2
134.1
14.6
41.0
280.2
284.1
992.8
22.5
135.8
13.1
59.5
263.4
287.4
300.5
927.8 1,149. 5 1,027.7
18.3
23.4
17.2
98. 5
133.3
116.9
12.2
16.4
19.0
58. 9
51.4
59.9
258. 0 335.5
309.3
286.2
256.6
319.7
2,221.4
, 330. 8
906.7 1,193. 8
26.2
25.2
135.2
108.2
22.6
20.5
58.6
52.3
330.4
286.6
294.9
186.7
21.9
333.7
204.6
, 175. 9 2,057. 7 2, 285. 7 ,171.5
1,142.4 1,095.1 1, 065. 9 1,062.5
28.2
25.4
32.1
29.5
146.8
180.5
140. 2 120.5
16.2
20.3
25.7
16.4
44.0
43.2
54.3
39.8
274.9 275.3
266.0
281-0
336.2 305.6
293. 4 306. 9
10, 380.1 9,489.8
914.6
817.6
909.4
800. 5 787.3
843.0
960.5
831.0 1,002,8
918.2 S 847.4 1,038.2
89, 837.9 86.650.5 7,110.2 8,101.6 8,165.9 7,280. 2 9,196. 3 8,976.9 8,096.3 9,540.0 9,603. 3 9,538. 5 9,476. 0 9,222. 3
9, 386. 2 8,503. 3 725.1
851.2
776.5
712.1
759.7
890.1
669.5
818.6
781.8
980.2
903.3
316.6
321.1
33.8
30.9
14.3
44.3
41.7
24.0
38.8
26.4
21.8
30.3
30.6 1 31.3
1, 504.8 1,560.9
249.1
151.9
152.0
164. 9
140.9
117.4
234.3
276.7
166.3
179.8
178.9 i 239.9
1,352.6 1,141.2
127.4
135. 6
125.5
100.6
128.3
127. 9 111.8
90.7
122.0
130.1 ! 149.3
122. 8
2,247.4 1,870.1
120.0
132.4
90.4
62.9
76.3
76.1
90.8
91.3
122.7
94.3 | 121.8
99. 7
104.9
1,322.3 1,419.5
137.2
120.4
141.5
123. 5 139.1
158.3
167.8
127.6
123.0
108.4 | 136.2
Crude materials, inedible, exc. fuels 9
do
6, 065.6
Metal ores
do
1,848.1
Paper base stocks
"do
1,164.9
Textile
fibers..
"""""do"""
225.2
Rubber
do"
515.6
Mineral fuels, lubricants, etc
do
Petroleum and products
do__I.
Animal and vegetable oils and fats
do
Chemicals
do.
Manufactured goods 9 "[[
do
Iron and steel
do
Newsprint
--.""""""
do
Nonferrous metals
"do
Textiles
"----"/-"-""-"".".".".".".""."do""".".
,861.5 2,021.5 1,796.2 1,871.2 2,253.5
591.7
684.6
681.4
714.2
900.8
501.1
606.2
560.4
627.7
642.3
158.6
106.6 , 098. 7
125. 5 601
150.1
152.3
151. 3
988.4 , 865.8 950. 8
2,222.5 |2,331.0 2,177. 0 2,058. 9 , 286. 2 2,171.7
711.7
715.3
698.2
883.0 747.3
710.4
659.0
657.6
483. 8 643.1 694.7
643.7
811.6 1,106.0 1, 228. 9
2,790.2 3,414.8 3, 589. 0
177.4
140.7
130.7
1,806.4 2,022. 3 1, 985. 8
5,566.2
1,976.7
1,067.5
174.4
364.7
415.3
126.4
81.7
18.4
39.2
524.4
183.9
96.9
20.8
36.9
483.7
147.0
108.6
18.0
38.5
439.5
102.0
99. 3
16.8
33.8
539.6
125.6
109.5
31.8
45.5
563.0
162.8
102.2
22.3
47.2
539.1 ! 652.3
168.5
246.6
106.0 ! 115.8
19.0
17.8
33.6
49.6
649.8
220.3
108.6
21.8
45.9
619.5
232.2
112. 5
19.3
33.2
678.6
246.0
106. 2
17.6
56.0
602.4
202. 9
102. 3
22.2
40.2
924.3
137. 9
578.3
>, 453. 8 26.475.6 2,089. 4 2,547.5 2,790. 7 2,302. 3 2,748.2 2,797.3 2,134.9 i2,834.1 3,036. 8 3,164. 6 2,959. 6 2, 823.1 3,069. 9
24,269.5 24,814.3 1,931.1 2,364.1 2,609.4 2,122.4 2,583.6 2,620.3 1,968.1 J2,659.8 2,877. 6
2,784. 5 2,609. 6
553.9
544.3
62.2
66.2
46.0
18.6
37.8
51.5
34.2
35.6
34.4
29.4
43.2
30.1
4,017.7 3,695.9
473. 9
327.9
471.6
350.0
316.6
410.1
371.0
368.4
414.3
298.5
385. 9 368.3
388.0
17,718.7 14,702.5 1,121.2 1,211.1 1,190.5 1,108.6 1,470. 7 1,409.6 1,383.4 1,649.6 1, 547. 8 1,538.0 1, 558.1 1,520.1 1, 606. 8
5,148.9 4,594.5
279.6
330.5
352.2 371. 5 393. 3 398.0
310.0
291. 2
318.5
318.6
288.3
411.4
---I
1,503.2 1,427.3
73.1
164.7
78.6
68.7
76.6
157. 2
169.4
146.9
161.0
168.4
147. 6 157. 9
3,921.0 2,580.7
322. 5 320.3
231.3
252.7
247.3
211.1
278.0
294.7
288. 4 362.4
305.0
285. 2
1,614.7 1,218.6
142.1
141.4
126.0
144.8
117.5
148.9
144. 9 i 129.8 138.5
128. 8 12!
9 Includes data not shown separately.
f Manufactured goods—classified chiefly b y material.
Dec.
OF CURRENT BUSINESS
S-24
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1976
1975
1975
Annual
January 1977
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF IMPORTS—Continued
General imports—Continued
By commodity groups and principal commodities—Continued
Machinery and transport equipment
mil,$_ 24,060.3 23,457.2 2,018.6 2,269.4 2,229.7 2,104.9 2, 724.0 2,606.2 2,459.1 2,612.5 2,461.8 2,307. 2 2.445.0 2,354.4 2,723. 7
11,612.0 11,727.4 999.1 1,124.0 1,003.9 1,009.7 1,310.1 1, 228. 2 1,180.4 1,245.5 1,380.7 1,310.0 1, 290.1 1,343.2
Machinery, total 9
do
30.1
40.6
299.7
31.6
29.4
28.0
28.5
26.5
25.7
25.1
Metalworking
do
361.5
28.6
28.7
32.9
12.9
681.7
674.8
5, 339.1 4,911.2 444.3 496.3 450.1
443.2 590.8 566.5 556.0
631.2
693.8
Electrical
___do
Transport equipment
do
Automobiles and parts
do
Miscellaneous manufactured articles.
Commodities not classified..
do
...do
997.2 1,154. 9 1,011.1
12,450.7 11,737.2 1,019. 6 1,145.4 1,225. 9 1,095.3 1,413.9 1,377. 9 1,278.7 1,367.0 1,081.1
10,263.9
914.3 1,026.2 1,132. 4 979.8 1,246.3 1, 239. 3 1,139.4 1,248. 3
949.2
891.9
999.9
874.7
9,920.7
9,426.2
844.1
925.4 1,098.7
878.7 838.7 790.2 999.2 931.7
1,231.3
1,194.7
1.124.1
1,117.7
1,215.3
9,224.4
2,255.7
196.4
169.7 215.0 189.9
211.2
211.9
253.4
234.6
186.6
226.5
233.5
216.4
218.9
2,517.6
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1967 = 100..
Quantity
do....
Value
do
General imports:
Unit value
do
Quantity
do
Value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight._.
Value
General imports:
Shipping weight
Value.
174.5
180.5
315.0
195.1
176.7
344.9
195.5
188.4
368.4
198.7
181.1
359.8
201.2
168.5
339.0
198.5
170.2
337.9
198.0
191.6
379.2
199.6
190.4
380.0
202.5
190.5
385.9
201.3
189.1
380.5
201.9
178.1
359.6
202.6
168.0
340.4
206.1
171.1
352.7
223.3
168.1
375.5
241.2
149.4
360.5
236.6
150. 6
356.2
239.6
166.7
399.4
241.3
167.7
404.6
243.8
149.6
364.9
245.3
187.2
459.1
246.7
180.9
446.2
248.3
162.7
404.0
249.0
192.2
478.5
250.5
189.3
474.2
251.6
186.5
469.4
252.9
185.1
..thous. sh. tons.. 264,484 -269,182 27,156
mil. $.. 55,506 ' 61,408 5,466
23,346
5,360
21,578
5,107
19,368 20,779
4,772 5,271
25,124
5,553
24,109
5,457
24,861
5,377
24,326
5,455
23,291
5,074
38,910
5,780
40,865
6,253
33,305
5,246
40,122
6,673
40,391
6,434
34,741
5,721
44,644
7,194
47,741
7,311
48,796
7,349
thous. sh. tons.. 449,179 427,865
mil. $.. »• 67,148 63,469
32,095
5,018
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)
bil__
Passenger-load factor§
percent
Ton-miles (revenue), totalf
mil__
Operating revenues (quarterly) 9 O
Passenger revenues
Cargo revenues
Mail revenues
Operating expenses (quarterly) 0
Net income after taxes (quarterly) O
Domestic operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
Operating revenues (quarterly)©
Operating expenses (quarterly)©
Net income after taxes (quarterly) ©
International operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
Operating revenues (quarterly)©
Operating expenses (quarterly)©
Net income after taxes (quarterly)©
14.19
53.6
1,954
14.67
56.2
1,991
14.66
55.3
1,988
16.21
58.9
2,146
17.72
60.6
2,301
18.15
14.19 P H . 3 2
61.5
52.6 P 5 2 . 9
2,338 v 1, 947 P 1,990
mil. $.
do_
do...
do.. do._do.
14,703
11,879
1,248
309
13,978
322
15,356
12,354
1,310
311
15,228
-72
bil_
mil.
do...
129.73
131.73
2,747
mil. $.
do___
do.. _
11,546
10,761
381
12,020
11,902
-46
bil.
mil.
do...
33.19
2,083
471
31.08
2,048
426
mil. $.
do...
3,157
3,218
-60
3,336
3,326
-25
811
861
-45
5,606
r 5,640
493
98
2 9,610
98
2 9,553
2,761
95
2,565
233
220
78
65
95
194
174
49
45
50
135
121
12.26
52.0
1,762
13.93
60.1
1,901
3,876
3,172
332
73
4,005
-130
3,884
3,037
356
84
3,923
-58
10.06
239
55
11.36
214
75
11.29
206
56
10.54
207
52
3,062
-13
2.56
173
46
12.11
255
58
11.79
251
59
3,102
3,187
-76
3,073
2.20
204
38
11.80
250
59
2.65
151
33
2.21
161
32
2.39
193
33
4,815
3,957
384
4,390
3,595
377
76
4,113
210
13.07
257
55
' 4,364
14.03
248
55
14.48
249
54
3,496
3,246
166
2.56
179
32
2.86
179
34
774
817
-54
3.15
179
34
11.20 p 11. 66
P255
p 247
p 58
p 11.37
' 3,739
'3,439
3.69
193
32
3.67
187
32
894
866
44
p 3.00 P 2 . 6 6
P206
P 191
P32
p 31
-1,076
P924
do._.
Urban Transit Systems
155.4
Class I RailroadsA
Financial operations, qtrly. (AAR),excl. Amtrak:
16,947
Operating revenues, total © 9
mil. $
Freight
do..._ 215,881
290
Passenger, excl. Amtrak
do
13,127
Operating expenses ©
do_._
3,050
Tax accruals and rents
do...
769
Net railway operating income
do . .
Net income (after taxes) ©
do._.
12.75
52.0
1,727
162.81
53.7
22,186
Passengers carried (revenue)
mil.
Motor Carriers
Carriers of property, large, class T, qtrly.:*
Number of reporting carriers.
Operating revenues, total
mil. $_.
Net income, after extraordinary and prior period
charges and credits
mil. $_.
Tonnage hauled (revenue), common and contract
carrier service.
mil. tons..
Freight carried—volume indexes, class I and IT
intercity truck tonnage (ATA):
Common and contract carriers of property
(Qtrly.)cf
average same period, 1967=100.
Common carriers of general freight, seas. adj.
1967=100.
r
Revised.
p Preliminary.
total; quarterly revisions not avai
plies to passengers baggage carg
13.94
53.4
1,839
162.92
54.9
22,425
131.8
16,423
15,410
297
13,254
2,818
351
1
111
481
467
564
484
472
137.6
141.8
4,435
4,176
78
3,415
743
277
1239
142.6
152.2
& 3,824
> 3,574
*70
4,368
4,110
82
3,538
766
64
122
6 3,288
* 653
b —116
1—175
437
435
440
471
468
153.1
153.3
100
2,904
100
5,814
138
135
149.6
466
145.0
155.7
153.2
/ 3,978
/ 3,730
/73
/3,290
/690
! -1
/ i—68
4,766
4,475
81
3,779
838
149
i 152
156.7
156.1
156.9
*4,138
«3, 883
«75
4,685
4,390
84
3,765
805
114
177
*3,225
*722
d" Indexes are comparable for the identical quarter of each year (and from year to year).
AEffective 1976, defined as those with annual revenues of $10 million or more; restated 1975
data reflect changes.
©Natl. Railroad Pass. Corp. (Amtrack) operations (not included in
AAR data above), 1974 anda 1975 (mil. $): Oper. revenues, 257; 253; oper. expenses, 463; 531;
net loss, 273; 353 (ICC).
Domesticb trunk operations only (domestic trunks average about
90% of total domestic operations).
1st qtr. 1975.
'2d qtr. 1975.
*3d qtr. 1975.
SURVEY OF CURRENT BUSINESS
January 1977
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1975
Annual
S-25
1976
1975
Nov.
Dec.
Jan.
Apr.
Mar.
Feb.
May-
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION—Continued
Class I RailroadsA—Continued
Traffic:
Ton-miles of freight (net), total qtrly
Ml
Revenue ton-miles, qtrly. (AAR)
do
CPTl t.S
Revenue per ton-mile
Price index for railroad freight
...1969=100-.
Passengers (revenue) carried 1 mile
--mil..
880 7
851.0
1.848
149.7
10,333
781 0
754.6
2.043
169.4
9,765
117
25.02
62
19.38
67
118
27 60
59
21.23
64
117
' 30.38
'61
r 20.43
'59
8,540
8,306
5,936
5,067
2,415
52,857
» 8,050
8 177
6,176
5 326
2,334
60,527
28,941
13,895
11,426
18,420
5,296
127.9
202 8
196.2
2 2.135
180.9
2
4 971
8
8 193 0
212.3
203.6
185.4
187.1
187.4
132
29.28
62
21.64
66
120
30.88
64
21.93
66
140
32.10
67
22.92
71
585
565
442
338
285
2,319
590
629
474
387
315
3,462
3,023
1,381
1,245
1,938
540
133 6
42.2
33.7
6.2
26.4
19.8
5.2
9 189.5
206.8
197.0
187.4
187.5
187.6
191.1
191.1
137
30.71
67
23.30
74
148
31.34
64
24.04
75
128
32.16
69
23.45
78
127
32.07
68
22.84
69
138
33.43
72
23.36
70
122
32.54
63
22.07
60
617
710
488
422
315
4
4,826
711
757
604
449
345
4
7,780
825
898
742
591
263
4
11,383
936
766
746
723
227
10,923
683
705
576
516
189
6,498
687
594
491
447
146
4,847
535
496
408
374
172
2,608
3,018
1,400
1,211
1,900
552
135.0
2,991
1,393
1,193
1,879
555
135.3
3,062
1,415
1,238
1,911
578
135.4
3,054
1,410
1,225
1,907
574
135.8
3,137
1,437
1,283
1,992
576
136.0
3,116
1,459
1,231
1,949
604
136.8
46.0
35.9
7.7
45.1
35.2
7.5
42.9
34.4
6.1
45.3
36.3
6.6
43.6
35.3
6.0
43.9
37.7
3.9
44.7
35.0
6.9
43.7
33.9
7.3
29.6
21.4
6.6
28.5
21.3
5.5
28.4
21.6
5.2
30.1
21.3
7.5
29.6
22.5
4.9
29.6
22.8
5.0
29.8
20.7
7.4
30.1
20.2
8.1
193.8
200.1
190.7
181.0
181.2
181.2
117
27.67
43
20.83
48
108
29.41
56
21.24
58
113
30.48
57
21.11
63
606
599
430
398
119
2,596
514
624
457
418
118
3,716
«571
«545
8 474
8 426
183
4
1,829
493
514
367
307
194
2,196
32,070
15,256
12,692
20,664
5,792
132.3
2,761
1,329
1,059
1,766
508
132 0
2,842
1,347
1,125
1,856
527
132.3
2 853
1,350
1,138
1 829
509
132 9
2 837
1,364
1,089
1 788
519
133 4
483 9
384.7
69.4
504 8
403.9
70.7
41 4
33.8
5.0
44.4
37.5
5.4
41 1
34.4
4.1
298 7
205 4
77.4
315.9
223.6
74.6
25.2
18.4
5.2
26.6
20.4
5.1
27.0
20.1
5.0
180.8
203.7
191.6
Travel
Hotels and motor-hotels:
Restaurant sales index. ..same month 1967=100
Hotels* Average room salef
dollars
Rooms occupied
% of total.,
.dollars. .
Motor-hotels: Average room sale4!
Rooms occupied
% of total.
Foreign travel:
thous
U S citizens- Arrivals©
do
Departures©
Aliens: Arrivals©._
do . .
Departures©
Passports issued
National parks visits§
do
do
do
4
4
4
183
COMMUNICATION
Telephone carriers:
Operating revenues 9
Station revenues
Tolls, message
Operating expenses (excluding taxes)
Net operating income (after taxes)
Phones in service end of neriod
Telegraph carriers:
Domestic:
Oneratincr revenues
Operating expenses
Net operating revenues (before taxes)
Overseas, total:c?
Operating revenues
Operating expenses
Net operating revenues (before taxes)
mil $
do
do
do
do
mil
mil $
do
do
do
An
do
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% AI2O3U
thous. sh. tons..
Chlorinegas (100% C h ) } . .
do .
Hydrochloric acid (100% HC'Dt
do
Phosphorus, elemental %
do
Sodium carbonate (soda ash), synthetic (58%
NajO)J
thous. sh. tons..
Sodium hydroxide (100% NaOIDJ
do....
Sodium silicate, anhydrous}:
...do
Sodium sulfate, anhydrous!
do
Sodium trypolyphosphate (100% NasPaOioH
do..._
Titanlum dioxide (composite and pure)J...do
Sulfur, native (Frasch) and recovered:
Production
_
thous. lg. tons..
Stocks (producers') end of period
do . .
1.278
10,753
2,451
1,163
9,104
1,989
88
776
160
39
108
835
183
37
83
758
181
36
82
781
203
37
92
844
201
37
99
846
203
34
858
199
39
90
829
210
35
100
841
217
36
100
853
207
32
83
'861
'214
92
873
191
33
250
873
66
96
204
789
60
100
210
805
64
95
225
848
72
99
214
867
76
117
63
105
209
846
62
100
171
855
53
108
161
844
60
107
132
'836
75
102
160
876
66
107
61
52
60
57
62
61
65
69
60
62
61
70
60
63
54
57
63
58
59
56
805
5,353
820
5,463
794
5,505
794
5,576
5,531
750
5,537
65
57
'790
5,599
1,446
635
(7)
661
195
702
2,875
1,508
675
(7)
664
205
671
2,781
1,374
614
(7)
606
179
612
2,474
1,419
589
131
606
159
625
2,571
1,383
587
152
636
181
711
2,884
495
451
914
2,150
138
1,609
157
453
496
388
1,401
97
962
166
391
513
297
1,343
83
957
98
461
435
557
1,553
60
978
116
542
373
613
1,623
110
1,041
157
524
450
3,507
11,189
2,802
9,583
1,348
1,227
201
820
68
110
903
787
770
603
60
52
10,180
5,126
781
817
791
746
818
5,078
5,126
5,226
5,252
5,297
thous. sh. tons.. 15,733
16,393
1,299
1,495
1,342
621
558
578
Ammonium nitrate, original solution!
do ...
7,542
7,088
203
150
169
Ammonium sulfatei
do .
2,061 r 2,106
588
664
647
7,528
Nitric acid (100% HNO 3 )t
do.—
8,120
145
148
147
Nitrogen solutions (100% N)t
do .
2,102
2,013
615
704
710
Phosphoric acid (100% P2O5) J
do
7,213
7,671
2,842
3,113
2,575
Sulfuric acid (100%H3SO4)i
do . . . 34,177
32,372
Superphosphate and other phosphatic fertilizers
(100%P3Ofi):
462
505
478
Production
thous. sh. tons.
5,367 ' 5,395
541
619
Slocks, end of period
do
541
538
377
437
384
470
Potash, deliveries (KaO)
do
5,079
6,334
1
1,596
1,619 1.639
Exports, total 9 do
20,156
19,611
110
142
Nitrogenous materials
do
173
»914
1,397
Phosphate materials...
do
15,361
13,786
1,081 1,205 1,103
132
79
104
Potash materials
do
1,415
1,419
Imports:
32
15
17
245
369
Ammonium nitrate
.
do 21
15
18
Ammonium sulfate
..
do .
219
258
507
Potassium chloride
do . .
526
510
6,132
7,146
4
0
0
Sodium nitrate
do
150
139
•" Revised.
» Preliminary.
1 Annual total; monthly revisions
are not available.
4
5
•" For six months
ending in month shown.
3 For month shown.
See note " §".
See
6
note O.
Restated 1st atr. 1975. 7 Data withheld
to avoid disclosure of figures from
9
individual companies.
8 Restated 2d. qtr. 1975.
Restated 3d. qtr. 1975.
ASee " A " note, p. S-24.
lAverage daily rent per occupied room, not scheduled rates.
9 Includes data not shown separately.
1,241
1,362
2,557
2,834
458
656
381
472
552
704
1,159
1,662
84
808
96
151
770
1
10,533
3,957
724
1
729
5,598
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrous}:
227-096 O - 77 - S2
546
156
581
141
603
559
148
631
149
664
1,133
115
• 1, 233 1,332
592
547
135
128
636
'600
176
'176
775
'750
• 2, 856 2,921
497
'343
559
1,463
93
965
195
543
399
'561
1,062
139
'437
1,847
88
1,323
156
P435
23
12
17
63
15
30
602
774
713
5
1
4
©Effective 1976, data are compiled by U.S. Dept. of Transportation from INS records
and refer to air travel; travel by sea is omitted (for 1973-75, average annual arrivals and departures by sea are as follows—units and order as above: 814; 784; 159; 129).
§Effective Jan. 1976, data include visits to Voyageurs National Park (no count of visits for
earlier periods is available); data for Mar.-July 1976 are restated to delete visits to Platt National Park which was reclassified as a national recreation area.
^Includes data for Western Union Int. Cable & Wireless.
X Monthly revisions back to 1971 are available upon request.
12
47
564
0
35
65
828
14
64
106
943
14
23
45
526
40
59
245
23
24
25
681
28
16
19
593
0
SURVEY OF CURRENT BUSINESS
S-26
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are a s shown
in the 1975 edition of B U S I N E S S S T A T I S T I C S
19 75
January 1977
1975
Nov.
Annual
1976
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS—Continued
Industrial Gases t
Production:
Acetylene
mil. cu. ft.
Carbon dioxide, liquid, gas, and solid
thous. sh. tons.
Hydrogen (high and low purity)
mil. cu. ft.
Nitrogen (high and low purity)
do...
Oxygen (high and low purity)..
do...
Organic Chemicals d"
Production:
Acetylsalicylic acid (aspirin)
mil. lb.
Creosote oil.._
mil. galEthyl acetate (85%)
mil. lb.
Formaldehyde (37% HCHO)
do...
Glycerin, refined, all grades
do__.
Methanol, synthetic
_
mil. gal.
Phthalic anhydride
mil. lb.
ALCOHOLJ
Ethyl alcohol and spirits:
Production.
...mil. tax gal.
Used for denaturation...
do...
Taxable withdrawals
do...
Stocks, end of period
do...
Denatured alcohol:
Production
_
...mil. wine gal.
Consumption (withdrawals)
do...
Stocks, end of period
do...
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
_
mil. lb.
Polyethylene and copolymers
...do...
Polypropylene
do...
Polystyrene and copolymers
do
Polyvinyl chloride and copolymers
do...
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly
mil. lb.
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil. $.
Trade products
do...
Industrial
finishes
do...
7,808
6,697
603
648
582
588
601
617
605
622
603
154
7,064
23,197
32,367
160
6,528
24,421
34,679
169
6,835
23,226
32,938
188
6,353
23,913
639
626
584
1,804
81,536
243,316
389,628
1,851
73, 552
252,980
352,560
137
6,085
21,443
28,618
145
7,099
23,035
28,530
138
6,397
22,445
30,024
145
6,165
22,448
32,107
164
7,337
24,496
33,618
133.3
1114. 6
»197. 6
15,764.4
348.7
11,035.9
i 977.1
125.8
i 117.0
i 124.3
14,616.0
264.4
i 779.7
i 708.8
2.2
6.3
14.3
399.4
25.7
73.5
65.0
1.8
6.7
14.1
431.7
27.0
78.7
78.1
2.1
6.0
11.9
357.8
27.3
71.5
68.4
2.4
5.5
12.1
451.8
23.8
67.4
65.3
2.3
7.5
15.7
503.2
29.6
80.4
83.2
1.7
7.2
13.1
472.9
26.5
82.4
79.7
2.6
7.4
14.9
441.2
28.2
84.4
81.0
2.4
11.3
14.8
457.4
26.6
84.3
80.6
2.5
9.5
13.7
424.1
26.6
83.0
75.1
1.7
13.3
14.2
442.3
27.3
72.6
76.8
2.4
12.6
10.3
484.3
24.9
73.2
78.1
2.6
11.7
10.2
484.1
26.8
74.8
70.7
618.2
460.0
73.8
100.6
526.3
391.2
77.8
106.1
46.4
30.0
6.3
103.1
47.9
39.8
7.5
106.1
41.6
35.2
5.5
102.6
36.2
29.9
5.2
105.6
44.0
38.0
7.3
101.8
39.3
35.0
5.9
96.5
36.0
40.0
6.2
95.7
37.3
38.1
7.4
93.1
45.2
33.0
6.0
100.0
46.0
38.8
7.0
96.2
43.3
35.9
7.1
86.8
40.1
36.0
6.5
73.7
254.8
254.9
2.8
207.3
207.1
2.7
16.2
16.3
2.1
21.6
20.4
2.7
19.1
19.4
2.5
16.2
15.9
2.8
20.2
20.2
3.4
19.0
19.5
2.9
17.2
17.5
2.6
20.6
20.4
2.8
17.8
17.8
2.8
21.0
20.6
3.2
19.4
19.9
2.7
19.2
19.0
2.9
il, 598.4 i 1,277.5
18,826.4 17,260.8
12,248.7 11,917.6
15,059.6 i 3,834.1
3,816.1
14,744.0
111.6
693.6
192.3
389.9
371.0
108.6
765.3
185.2
378.2
362.3
123.2
680.4
164.1
330.4
373.5
120.3
704.9
177.6
412.7
358.1
143.0
784.8
216. 5
490.7
380.0
135.9
720.5
226.5
509.2
388.0
125.4
778.5
243.8
548.8
440.2
133.0
765.1
236.4
578.9
401.8
116.5
723.7
233.7
534.3
397.2
131.5
736.7
237.1
605.3
409.7
133.9
747.5
216.3
400.4
392.8
139.5
768.8
235.4
400.2
419.2
305.0
142.2
162.8
361.0
175.4
185.6
419.1
227.7
191.5
434.0
242.4
191.6
477.3
263.9
213.4
423.6
241.9
181.6
455.4
253.3
202.1
420.7
225.2
195.5
2,152.6
2,325.7
3,672.3
1,870.5
1,801.7
4,026.6
2,079.0
1,947.6
591.1
318.2
159.7
158.6
276.0
124.9
151.1
2.5
11.9
460.0
78.2
67.0
128.3
761.7
196.6
390.3
403.2
707.2
656.5
525.7
396.2
195.6
200.6
175
192
200
6,552 ' 6,626 6,973
25,342 24,532 26, 203
33, 237 31,044 32,562
353.7
172.8
180.9
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. kw.-hr..
Electric utilities, total
do
By fuels
do
By waterpower
do
Industrial establishments, total
By fuels
By waterpower
do
do
do
Sales to ultimate customers, total (Edison Electric
Institute)
mil. kw.-hr..
Commercial and industrial:
./ Small light and power§
do
Large light and power§
_
_.
do
Railways and railroads
do
Residential or domestic
do
Street and highway lighting
do
Other public authorities
do
Interdepartmental-.do
pi,967,632 pl,995,629 159,648 176,157
1,865,617 I,910,877 152,684 169,271 177,873 156,811 164,152 153,172 157,460 172,615 185,928 185,812 165, 086
1,565,007 1,610,602 128,280 143,298 151,780 132,328 137, 646 128,915 131, 761 147,082 159,893 161,976 144,730
24,404
300,610 300,275
25,973 26,093 24,483 26,506 24,257 25,699 25,533 26,036 23,836 20,356
*102,015
98,508
3,507
Seles to customers, total
Residentlal
^""Commercial
Industrial
Other
Revenue from sales to customers, total
Residential
C ommercial
Industrial
Other
6,964
6,701
262
6,887
6,610
277
1,700,769 1,733,024 140,141 146,913 158,078 152,998 147, 793 143,317 141,819 148,902 161,015 165,652 162,951
392,716
689,435
418,069
661,558
33,483
56,923
34,288
56,230
36,288
56,473
35,357
57,114
34,071
59,105
33,507
58,930
33,990
59,452
36,615
61,438
40,416
61,417
40,898
62,444
40,141
62,968
4,258
554,960
4,272
586,149
338
43,870
389
50,442
408
59, 083
404
54,549
379
48, 656
334
45, 365
337
42,786
328
45, 261
345
53,312
352
56,311
330
53,746
13,313
40,721
5,366
13,907
43,625
5,443
1,294
3,749
485
1,310
3,761
493
1,328
3,979
519
1,201
3,887
477
1,201
3,847
534
1,139
3,540
501
1,152
3,559
542
1,039
3,673
547
1,092
3,881
553
1,173
3,908
565
1,197
4,026
543
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. %.. 39,126. 8
GAS
Total utility gas, quarterly
(American Gas Association):
Customers, end of period, total
Residential
Commercial
Industrial..
Other
v 84,752
81,417
3,335
46,853.5 3,855.3 4,043.9 4,349.5 4,245.5 4,143. 9 4, 028. 7 4,044.4 4,312.3
4,791.3 4,958. 4 4,840.1
-thous._
do.
do.
do
do.
44,734
45,007
45,007
45,243
44,735
44,608
41,034
3,446
196
58
41,336
3,421
191
58
41,336
3,421
191
58
41,530
3,470
187
55
41,163
3,341
177
54
41,056
3,324
175
53
tril. Btu._
do
do..".
do
doIIII
16,000
14,882
3,567
4,956
3,297
2,759
4,865
2,293
8,153
689
4,977
2,346
6,888
670
1,170
566
1,652
179
2,145
C937
188
973
471
1,676
176
472
30T
1,808
179
15,360
19,205
5,000
7,670
5,049
4,167
6,899
2,539
5,509
413
8,441
3,315
6,849
601
2,144
884
1,822
149
3,853
1,508
2,104
204
1,976
764
2,091
219
1,106
524
2,305
232
mil. $..
do.
do.
do
do.
specified material unless otherwise indicated,
able upon request, v Preliminary.
t Monthly revisions back to 1973 are avail-
January 1977
OF (JUKI i E J N l liUt51JNE SIS
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1975
Annual
S-27
1975
Nov.
1976
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
15.89
14.25
13.92
16.54
15.01
14.03
16.10
14.86
13.91
14.31
13.44
13.60
13.42
12.22
13.69
16.48
8.56
15.04
Nov.
Dec.
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES 9
Beer:
Production
mil. bbl_.
Taxable withdrawals
do
Stocks, end of period
do—
Distilled spirits (total):
Production
mil. tax gaL.
Consumption, apparent, for beverage purposes
mil. wine gal_.
Taxable withdrawals
mil. tax gal..
Stocks, end of period
do
Imports
mil. proof galWhisky:
Production
mil. tax gal_.
Taxable withdrawals
do
Stocks, end of period
do—
Imports
mil. proof gal_.
156.20
145.46
12.58
160. 60
148. 64
12.74
162. 58
11.22
10.61
13.20
12.15
11.59
12.74
12.44
10.86
13.38
11.89
11.00
13.33
11.86
10.99
13.31
13.69
12.86
13.06
15.18
13.58
13.53
15.71
14.80
13.60
144. 24
16.97
16.24
13.09
12.80
417.22 1 423.31
220.77
229.74
875.75
793.87
110. 98
113.46
39.55
20.72
794.63
11.75
53.11
18.94
793.87
12.59
30.21
17.56
787. 91
7.98
28.10
15.55
35.67
20.85
790. 63 782.36
75.15
137.04
822.11
93.92
' 59. 64
140. 82
737. 39
94. 98
7.87
13.22
739.59
10.01
8.06
11.19
737.39
10.70
6.45
10.10
733. 65
6.71
6.60
8.85
731.23
6.03
8.56
12.40
727.36
7/09
118. 67
53.38
112. 66
r 46. 82
9.71
4.48
9.51
3.58
7.29
2.87
7.60
3.31
10.36
4.41
1
7.27
10.58
12.68
31.44
33.01
15. 59 16.53
779. 60 782.23
8.64
35.20 31.82
31.79
14.81
17.29
19.80
780. 54 775. 58 769. 90
7.83
7.39
9.60
32.01
19.22
764.00
9.08
7.
8.93
9.70
727. 82 725. 85
7.08
7.10
7.41
10.88
722.88
7.80
3.76
4.66
8.31
9.98
719. 02 713. 61
6.22
5.85
7.83
2.84
8.62
3.56
10.20
3.73
7.66
2.87
1.39
1.05
9.29
.20
1.34
1.35
9.33
.20
1.72
1.55
9.40
.20
23.31
24.96
370. 04 350.70
4.61
4.46
21.01
761.12
10.79
12.56
5.92
11.37
708.01
8.07
7.46
13.76
702. 24
9.22
10.99
9.07
3.30
9.36
3.80
9.96
4.00
1.70
1.13
9.79
.13
2.20
1.11
10.85
.13
1.59
1.83
10.59
2.05
2.61
9.94
.17
.23
.39
7.96
26.12
325.70
5.01
7.42
19.51
307.92
4.51
14.33
23.38
289. 41
4.70
123.30
26.75
377. 54
4.46
147. 98
24.68
488. 22
4.28
5.36
2.32
4.15
18.09
109.86
123.10
Rectified spirits and wines, production, total
mil. proof gaL.
Whisky
do....
Wines and distilling materials:
Effervescent wines:
Production
mil. wine gal_.
Taxable withdrawals
do
Stocks, end of period
do
Imports
do
Still wines:
Production..
do
Taxable withdrawals
do
Stocks, end of period
do
Imports
do
18.84
18.03
8.12
1.80
19.37
18.46
7.91
1.93
2.00
2.61
8.75
.30
2.05
2.61
7.91
.35
1.57
1.12
8.30
.18
1.26
.95
8.54
.13
1.89
1.32
9.03
.19
401.45
280.04
451.59
2
49.58
384. 73
300. 21
451. 77
47.39
70.10
26.66
473.10
5.28
21.41
27.86
451. 77
5.34
9.04
24.13
429.85
4.68
7.56
21.46
414.11
3.31
9.26
30.39
388.19
5.18
Distilling materials produced at wineries._.do__
354. 30
338. 20
38.40
24.37
7.33
6.41
961.7
49.2
.674
980.5
10.9
.818
15.1
1.042
63.9
84.0
10.9
1.095
94.3
9.3
85.4
16.5
.824
89.3
31.2
.881
87.6
44.5
.918
94.0
69.1
.921
84.0
80.9
.974
72.4
83.0
1.084
66.0
84.0
1.082
63.4
68.1
.975
78.2
60.7
.934
77.3
'47.4
.929
2,937.4
1,858.6
2,811.2
1,654.5
208.7
115.5
242.0
134.8
249.0
149.3
241.2
149.7
275.0
165.8
297.0
187.2
313.6
204.1
320.0
207.3
296.6
189.0
284.0
177.1
267.5
157.2
256.2
151.9
252.1
143.4
494.0
420.8
315.6
367.8
307.0
179.5
379.2
321.2
31.3
367.8
307.0
362.4
303.2
11.9
365.9
305.9
10.1
371.1
312.6
15.5
393.0
333.8
12.0
435.7
375.7
11.7
480.6
417.3
14.4
511.3
444.5
15.9
518.1
452.4
15.4
522.5
456.3
17.2
501.4
435.6
16.7
'481.9
'413.9
23.4
474.4
408.5
.973
1.044
1.169
1.192
1.182
1.138
1.166
1.146
1.153
1.200
1.258
1.183
1.140
1.140
1,035.2
953.8
65.7
80.3
76.2
73.3
86.6
94.9
89.5
97.7
87.6
76.0
66.4
58.6
57.4
79.2
58.6
63.9
58.6
44.5
49.6
57.4
76.8
104.3
125.9
141.6
136.3
128.4
131.7
96.9
.1
4.2
.2
.1
4.2
.2
4.4
3.7
5.1
.3
4.4
.3
4.2
.5
3.2
2.8
.2
1.9
DAIRY P R O D U C T S
Butter, creamery:
Production (factory)t
Stocks, cold storage, end of period
Price, wholesale, 92-score (N.Y.)_.
Cheese:
Production (factory), total}:--American, whole milkj
mil. lb
do__
$ per lb__
mil. lb
do..
Stocks, cold storage, end of period
do
American, whole milk
do
Imports
do
Price, wholesale, American, single daisies (Chicago)
$ per lb_.
Condensed nnd evaporated milk:
Production, case goods d"t
mil. lb.
Stocks, manufacturers', case goods, end of month
or ycarcf..mil. lb_
Exports:
Condensed (sweetened)
do...
Evaporated (unsweetened)
do...
Fluid milk:
Production on farmst
...do
Utilization in mfd. dairy productst
do
Price, wholesale, U.S. averagej
$ per 100 lb_.
Dry milk:
Production:
Dry whole milkf
.mil. lb_.
Nonfat dry milk (human food)|
do
Stocks, manufacturers', end of period:
Dry whole milk
do
Nonfat dry milk (human food)
do.~_
Exports:
Dry whole milk
do
Nonfat dry milk (human food)
do.I."
Price, manufacturers' average selling, nonfat dry
milk (human food)
$ per lb_GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat)...mil. bu__
Barley:
Production (crop estimate)
do
Stocks (domestic), end of period.
do.~.
On farms
do
Off farms
do
Exports, including malt§
do_II~
Prices, wholesale (Minneapolis):
No. 2, malting
$ per bu
No. 3, straight
do
Corn:
Production (crop estimate, grain only)..mil. b u . .
Stocks (domestic), end of period, total
do.
On farms
do."..
Off fnrms
:
I_IdoIIZ~
Exports, including meal and" flour_..I"II~~doI
Prices, wholesale:
No. 3. yellow (Chicago)
_$ per bu_.
Weighted avg., selected markets, all grades
do
Oats:
Production (crop estimate)
mil. bu
8tocks (domestic), end of period, total
do
On farms._
do."I
Off farms
I.IIIIIIdoIII"
1.6
40.7
1.8
51.6
.4
5.4
.1
3.4
115,553
59,857
8.33
115,458
59,219
8.75
8,823
3,938
10.00
9,284
4,665
10.30
9,545
4,975
10.20
9,248
4,830
9.79
10,250
5,495
9.72
10,450
5,714
9.37
11,184
6,085
9.23
10,865
6,176
9.11
10,448
5,719
9.41
10,132
5,351
9.75
9,652
4,868
9.87
9,685
4,727
10.00
9,232
4,520
'9.94
67.7
1,019. 9
63.1
994.0
5.4
49.5
7.4
67.0
6.7
71.1
104. c
8.0
108.9
6.5
94.7
7.0
75.2
6.2
61.2
4.5
61.6
4.5
54.5
5.6
47.1
3.6
36.9
8.7
43.3
11.0
49.8
6.5
78.4
7.4
55.5
7.4
87.6
6.4
134.6
7.0
66.8
5.6
47.1
10.6
120.1
11.7
119.4
11.7
116.4
11.0
104.2
10.5
99.2
10.7
89.2
45.2
6.7
35.5
90.6
'.2
2.9
.2
2.2
.2
3.2
.5
4.0
.1
10.4
96.9
2.6
2.9
2.4
1.2
2.2
.3
1.9
.9
.3
1.9
3.2
.586
.633
.705
.705
.659
.643
.635
.631
.628
.628
3.1
.2
.628
.630
.636
.627
.632
2, 220. 3
2, 528. 4
289.2
254.2
231.9
209.3
246.2
231.8
233.6
230.8
245.0
234.3
294.6
244.0
3 304.1
228.0
125.2
102.7
56.7
3 383.9
275.5
162. 0
113.5
31.8
1.4
275.5
162.0
113.5
5.0
1.1
3.80
3.60
3.42
3.26
3.22
3.05
3.04
2.97
5,767. 0
4,431.3
3,162. 0
1,269.4
1,321.8
165.6
,431.3
1,162.0
, 269.4
153.1
2.92
2.76
2.63
3.14
2.88
2.58
3. 57
3 613.8
506.6
384.1
122.5
3 657.6
501.1
407.0
94.1
3.53
3.40
4, 663.6
3,620. 7
2,540. 7
1,080.0
1,180. 8
3.22
2.2
2.96
2.78
3.00
2.98
136.8
811.8
899.4
912.4
129.4
2.70
4.7
1.4
3.03
2.94
2.94
2.78
P9.81
»377. 3
6U27.8
«7 63.1
6 7 64.7
184.6
98.3
86.4
350.7
198.1
152.6
1.5
3.37
3.36
3.40
3.29
3.5
6.7
13.4
7.3
3.17
3.18
3.08
3.05
3.09
3.10
3.11
3.09
2.75
2.75
8
137.9
164.6
1,853.0
1,276.7
7 576.3
153.4
160.0
138.6
2.66
2.80
2.87
2.94
6,063.5
399. 3
* 229. i
169. 4
110.1
121.3
179.2
2.71
3.46
180.2
2.74
2.63
501.1
407.0
94.1
.3
2.9
30.0
2.5
15.5
Exports, including oatmeal
do...
Price, wholesale, No. 2, white (Minneapolis)
1.67
1.66
1.62
1.67
$ per bu._
'Revised.
p Preliminary.
i Includes Hawaii, not available on a monthly basis, as
well as unpublished monthly revisions.
2 Annual total reflects revisions not distributed
to the months
3 crop estimate for the year.
< Previous year's crop; new crop not
reported
until
Oct.
(beginning
of
new
crop
year).
s No longer available
8
Previous year's crop; new crop not reported until June (beginning of crop year).
9.1
73.8
50.6
.929
2.63
322.0
70.1
7 207.9
161.6
7
46.3
1.8
7
2.79
542.8
430.5
112.3
2.40
2.48
562.5
.4
1.0
2.2
2.3
1.9
1.67
1.92
l.C
1.71
1.8
1.92
1.67
1.65 I 1.62
1.75
1.68
7
Stocks as of June 1. 8 Dec. 1 estimate of 1976 crop.
cTCondensed milk included
with evaporated to avoid disclosing operations of individual firms.
§Excludes pearl barley.
9 Scattered monthly revisions back to 1973 are available.
X Revised monthly data back
to 1973 are available.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS S T A T I S T I C S
1974
1975
Annual
January 1977
1976
1975
Nov.
Feb.
Jan.
Dec.
Apr.
Mar.
May
June
July
Aug.
Sept.
Nov. 1 Dec.
Oct.
i
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS—Con.
Klce:
Production (crop estimate)
mil. bags 9 — 1112.4
California mills:
Receipts domestic rough
mil. lb
1 925
Shipments from mills, milled rice
_ do .
1 359
Stocks, rough and cleaned (cleaned basis), end
of period
mil. lb
135
8
i 128. 0
2,346
1,705
201
119
112
155
102
87
130
48
147
144
225
84
305
179
194
147
316
329
247
207
128
138
212
138
116
162
118
197
233
215
106
7,047
4,816
8,461
5,312
644
411
368
428
378
382
358
407
489
378
641
515
107
405
1,788
3 801
2,150
4,711
2,150
397
2,010
340
1,868
275
.190
.178
.155
.155
1,807
299
.135
1,771
264
252
2,343
249
.170
310
450
1,241
384
.130
.155
U9.3
12.0
2.99
i 17.9
9.5
2.78
2.83
2.72
2.76
2.84
2.89
mil. bu_.
do
do__.
do
11,796
1406
11 390
1 620
i 2,135
1482
i 1,653
1 860
508
448
Stocks (domestic) end of period total
On farms
Off farms
do
do
do
1,107.5
446 4
1,384.5
546 5
838 0
1,384.5
546.5
838 0
935.5
341.4
594.1
Exports, total, including
Wheat only
do..
do
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. lb_.
Shipments from mills, milled rice
_ _ do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
mil. lb
Exports
_ _
..do
Price, wholesale, No. 2, medium grain (Southwest Louisiana)
..$perlb
Rye:
Production (crop estimate)
mil bu
Stocks (domestic), end of period
do
Price, wholesale, No. 2 (Minneapolis)..$ per b u . .
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
.
Dlstribution quarterly cf
flour
_
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu__
No. 2, hd. and dk. hd. winter (Kans. City).do
Weighted avg., selected markets, all grades
$ per b u . .
944.0
919 4
1,158. 2
1 134 5
9.5
6.0
4.5
2.95
117.0
75
199
77
122
83
104
32
63
77
133
127
158
168
384
859
360
2,440
502
2,529
552
709
573
858
348
602
725
1,967
320
3,011
308
2,877
406
.155
.155
801
397
.135
.125
.130
.123
3.28
3.21
2.96
15.4
2.84
2.71
34
2.85
c
.123
« 16.7
2.59
2.66
5
2 272
2,147
5 581
« 1,566
2 629
3
3
2 162.7
831.8
1 330 9
* 664 2
* 234.5
3 4 429 7
119.2
117 8
93.6
92 3
92.6
91 6
73.3
72.4
77.6
76.4
79.5
76.8
71.9
67 8
71.7
66.7
88.4
85 4
117. 9
113 0
115.6
109 9
101.0
98.7
54.3
53.3
4.34
3.81
4.57
4.08
4.58
4.01
4.38
3.74
4.53
3.76
4.57
3.85
4.28
3.69
3.79
3.24
3.42
3.03
3.27
2.80
4.35
4.51
4.49
4.21
4.28
4.29
4.06
3.66
3.33
3.17
3.17
2.79
3.08
21,034
374
47 204
19,891
352
44,674
21,771
385
48,845
21,113
370
47,192
20,871
369
48 979
21,059
379
47 645
21,751
396
49,272
24,257
438
54 634
1,294
2,083
3, 621
2.449
997
447
5.24
4.74
4.60
3.96
4.57
3.92
5.53
4.84
4.64
4.32
3.79
4.29
247,080
4,485
555 891
20,113
360
45 241
20,532
368
46,000
3 907
10,178
588
555
423
379
525
1,149
1,789
3,923
2,184
10. 552
9.365
10.675
9.650
10.150
8.988
10.150
8.963
10. 213
9.350
10.713
9.563
10.250
9.063
10.075
8.713
10. 350
8.838
10.288
9.438
8.075
8.500
7.613
8.375
7.375
7.913
6.938
2,355
33,319
3,894
36,904
357
3,116
381
3,267
369
3,403
327
3,032
353
3,053
408
3,435
394
3,336
387
3,154
45.23
36.77
45.01
36.87
41.18
36.66
38.80
36. 95
43.12
43.49
340
3,294
40.52
40.24
373
3,388
44.61
33.42
304
2,980
40.62
42.38
346
3,220
41.89
36.49
415
3,492
36.14
38.82
37. 92
37.58
37.02
37.55
36.97
34.03
37.88
36.07
39.15
35.07
77,071
64,926
5,085
5,508
5,400
4,873
6,325
5,827
5,086
5,146
4,907
5,968
6,363
6,929
7,110
34.75
48.30
49.78
48.36
48.23
48.92
46.76
48.06
48.96
50.91
46.62
42.77
38.47
31.80
30.37
36.31
12 2
17 0
21 1
20 0
19 5
19 3
18 2
19 1
18 2
17 9
16 9
16 1
15 3
14 1
15 4
16 2
Wheat flour:
Production:
Flour. _____
.
thous. sacks (100 lb.)
242,157
Offal
thous. sh. tons..
4,323
Grindings of wheat
thous. bu
542 904
Stocks held by mills, end of period
thous. sacks (100 l b . k .
4 499
Exports __
do
10,563
Spring, standard patent (Minneapolis)
$ per 100 1b- 11.887
Wlnter, hard, 95% patent (Kans. City)..do
11.059
3,907
4,510
3.08
2.71
2.96
23,178 ' 22,723 20,880
377
417
'410
52 225 r 51 216 47,116
7.838
6.838
LIVESTOCK
Cattle and calves:
Slaughter (federally Inspected):
Calves
thous animals
Cattle.. .
do
Prices wholesale*
Beef steers (Omaha)
$perl001b_.
Steers, stocker and feeder (Kansas City)__do
Hog3:
Slaughter (federally inspected)., thous. animals..
Prices*
Wholesale, average, all grades (Sioux City)
$ per 100 1b-.
ITog-corn price ratio (bu. of corn equal in value
to 100 1b. live hog)
Bheep and lambs:
Slaughter (federally inspected)., thous. animals..
Price wholesale lambs average (Omaha)
$ per 1001b..
8,556
7,552
515
584
582
513
570
561
429
502
525
563
622
556
517
39.76
44.42
45.00
48.13
49.33
47.75
51.25
60.75
63.88
50.50
45.75
38.88
40.00
39.75
39.62
36, 329
34,583
2,846
3,011
3,128
2,780
3,399
3,009
2,841
3,044
2,955
3,255
3,357
3,398
3,344
39.96
35.19
45.00
MEATS
Total meats:
Production (carcass weight, leaf lard in), inspected
slaughter |
mil lb
Stocks (excluding lard), cold storage, end of
period ._
mil. lb
Exports (meat and meat preparations)
do._
Imports (meat and meat preparations)
do
Beef and veal:
Production, inspected slaughter X
do
Stocks, cold storage, end of period
_
do
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 lbs.) (East Coast)
_.
$ per lb
Lamb and mutton:
Production, inspected slaughter.
Stocks, cold storage, end of period
.mil. lb._
do
675
668
675
672
677
727
752
765
727
675
620
663
711
760
714
1,634
864
1,694
79
168
82
112
85
175
93
117
114
173
99
158
119
170
109
187
90
159
112
151
110
178
130
170
117
134
21,221
415
53
1,191
22,119
360
46
1,304
1,842
330
7
133
1,922
360
7
79
2,072
362
7
132
1,848
372
6
88
2,193
404
7
138
1,898
411
6
125
1,868
416
6
136
2,054
414
8
149
2,014
402
7
121
2,124
381
6
123
2,156
402
7
150
2,083
424
8
139
1,968
449
7
104
.691
.754
.764
.757
.700
.651
.603
.693
.667
.656
.612
.606
.609
.619
.645
440
14
386
12
27
12
31
12
32
11
28
11
32
9
30
10
22
11
26
12
27
14
29
15
33
17
31
16
29
17
803
Pork (including lard), production, inspected
1,024
1,058
977
12, 077
slaughter
mil. Ib_. 14,668
r
2
3
Revised.
i Crop estimate for the year.
See " cf" note, this page.
Stocks as of
June 1.
* Previous year's crop; new crop not reported until June (beginning of new crop
year).
« Dec. 1 estimate of 1976 crop.
9 Bags of 100 lbs.
{Scatteredmonthly revisions
.662
1,347
1,285
914
1,102
1,168
1,080
964
903
1,174
951
back to 1973 are available upon request.
o"Data are quarterly
except
that
beginning
1975,
c
June figures cover Apr.-May and Sept. covers June-Sept.
Corrected.
SURVEY OF CURRENT
January 1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1976
1975
1975
Nov.
Annual
S-29
Dec
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MEATS—Continued
Pork (excluding lard):
Production, inspected slaughter
mil. lb_.
Stoeks, cold storage, end of period
do
Exports
do
Imports
do
Prices, wholesale:
Hams, smoked composite
$ per lb_.
Fresh loins, 8-14 lb. average (New York) ..do
12,856
307
104
362
10,733
864
269
19
28
943
249
22
27
906
236
17
36
811
222
27
23
1,049
842
270
36
27
860
236
23
28
814
195
20
30
982
170
23
21
1,143
1,199
248
38
28
963
267
22
27
1,042
249
207
327
189
26
21
216
33
25
244
26
25
2.678
.786
.882
.993
1.060
1.134
1.109
1.016
.905
1.069
.840
1.028
.861
.986
.846
.980
.891
1.057
.885
1.106
.843
1.109
.797
.972
.775
.952
.736
.843
.875
.760
10,434
834
914
857
758
912
897
910
1,077
1,045
1,115
1,125
1,094
1,021
314
195
406
286
314
195
300
187
269
160
250
140
236
115
235
120
305
178
404
262
521
370
609
458
664
509
'453
'299
366
207
.195
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. l b . . 10,706
Stocks, cold storage (frozen), end of period, total
456
mil. lb_.
275
Turkeys
do—
Price, in Georgia producing area, live broilers
.211
$ per lb_.
Eggs:
183.6
Production on farmsj
mil. casesO.
Stocks, cold storage, end of period:
36
Shell
thous. casesGL.
54
Frozen
mil. lb_.
Price, wholesale, large (delivered; Chicago)
.598
$ per dO7,_.
.269
.280
.250
.240
.255
.255
.240
.250
.245
.265
.255
.240
.210
.195
178.8
14.8
15.2
15.3
14.4
15.4
14.8
15.1
14.6
15.0
14.9
14.5
15.1
14.7
22
36
40
42
22
36
13
32
21
29
26
29
26
29
22
29
25
30
58
32
66
31
46
29
34
30
'25
'25
.594
.668
.738
.709
.642
.595
.586
607
.609
.654
.706
.728
.706
.767
233.0
.759
18.6
.685
33.0
.760
33.9
.735
16.4
.755
28.8
.740
22.4
.883
21.4
.935
19.5
1.075
16.3
1.035
20.9
1.145
19.6
1.313
1.325
11.6
1.615
1,013
1,649
143
477
267
284
-1.007
.776
29
25
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)
thous. Ig. tons..
Price, wholesale, Accra (New York)
$ per lb_.
CofTee (green):
Inventories (roasters', importers', dealers'), end
of period
thous. bagsc?.Uoastings (green weight)
do
Imports, total
do
From Brazil
do
Price, wholesale, Santos, No. 4 (N.Y.)--$ per lb-_
Confectionery, manufacturers' sales
mil. $..
Fish:
Stocks, cold storage, end of period t
..mil. lb_.
Sugar (United States):
Deliveries and supply (raw basis):}
Production and receipts:
Production
thous. sh. tons..
Entries from off-shore total 9
do
Hawaii and Puerto Rico
.....do
Deliveries, total 9
For domestic consumption
Stocks, raw and ref., end of period
Exports, raw and refined
Imports:
Raw sugar, total9
sh. tons.
thous. sh. tons..
From the Philippines
Refined sugar, total
Prices (New York):
Raw, wholesale
Refined:
Retail (incl. N . E . New Jersey)
Wholesale (excl. excise tax)..
Tea, imports
do..
do.
do.
do
do
221.1
2,770
18,569
3 300
18 551
19,248
2,725
.702
2,771
20,289
3,748
1
.678
2,830
1,587
1,299
1,664
1,744
2,311
1,636
141
195
294
146
176
183
251
241
259
270
277
238
196
192
433
356
351
356
333
309
308
294
290
4,620
6,895
1,150
5,153
1,138
1,263
862
481
321
249
11,273
11,237
2,800
10,133
9,974
2,712
767
759
2,088
883
869
2,712
769
760
3,171
778
774
3,201
980
970
2,933
62,734
205, 989
9,707
8,789
5,972
7,860
3 5,774
1,414
3,690
201
21
61
225
2
24
220
0
4
287
28
32
()
415
148
3 300
4,626
1.543
2,973
3 836
2 908
4 977
3 194
5 612
8.2
1,546
1,864
1,909
1,637
159
272
449
207
956
85
157
234
1.520
'307
301
330
344
368
206
125
88
117
173
881
876
2,778
928
927
2,569
994
993
2,314
986
978
2,038
1,038
1,034
1,689
858
1,055
1,052
853
1,324 ' 1,660 v 2,507
6,797
3,628
2,610
6,706
9,102
2,680
3,067
3,447
13,510
253
30
5
382
24
47
288
93
32
416
49
17
320
83
5
443
97
19
571
185
9
455
109
18
269
79
26
.935
730
$ per lb
.289
.229
.155
.156
.154
.150
.164
.156
.167
.144
.150
.119
.095
.112
.106
.102
$ per 5 l b . .
$per lb_.
1.680
.320
1.986
.311
1.419
.207
1.383
.194
1.347
.209
1.352
.203
1.317
.221
1.336
.210
1.325
.222
1.343
.197
1.246
.204
1.319
.171
1.165
.152
1,163
.172
1.114
.160
.156
thous. lb..
178,326
159, 287
13,940
11,843
11,842
12,309
15,779
15,805
13,053
13,893
14, 259
15,051
19,224
15,683
16,133
3,687.3
124.7
337.1
105.6
332.3
124.7
331.2
114.5
307.6
119.7
349.2
110.4
327.6
123.5
310.7
128.1
324.0
119.9
316.1
123.2
336.9
122.8
345.0
122.2
' 331. 2
' 126. 9
326.8
121.0
3,947.2
90 8
326.2
104 5
324.5
on R
341.9
87 0
328.7
104 4
392.2
356.7
114. ^
381.1
116 6
384.7
105 3
367.8
95 5
375.4
106 4
357.1
90 7
' 361. 2
r 96 4
351. 5
88 8
2, 399. 3
60 1
219.7
64 8
241.6
265.1
66 9
259.6
225.8
198.8
oo -i
ini i
190.5
71 4
199.8
fin i
7 0 ft
197.4
73 6
195.1
80 0
202.8
72 4
' 215. 6
r 72 2
230. 7
69 9
.525
.490
.490
.448
.436
.431
.431
.431
.431
.437
.455
.455
.455
.455
513.5
649.7
37 8
37.7
43.2
33 4
43.2
45.3
37 8
43.1
49.6
38 1
41.6
50.3
AO n
51.3
56.0
44.3
50.1
AA R
AK O
41.5
49.2
41 2
44.6
50.6
45 8
48.0
51.3
51 9
42.7
55.9
51 0
47.3
59.8
58 9
'45.1
64.3
r 53 3
41.7
59.8
50 1
4,655.4
2, 908. 4
350.5
228.3
424.5
249.4
442.5
259.4
410.2
257.2
282.2
455.5
280.1
306.6
439.8
271.0
324.0
463.1
303.6
328.7
469.9
307.9
317.2
481.7
269.0
328.1
489.5
286.9
341.2
506.0
297.7
352.2
' 500. 2
' 307. 4
' 371. 5
499. 3
265. 6
387.3
F A T S . OILS, AND RELATED P R O D U C T S
Baking or frying fats (Incl. shortening):
Production{
mil. l b . . 3,702.8
Stocks, end of period©
do
134.1
Salad or cooking oils:
Production J
do
4,110. 7
Stocks, end of period©
do
96.5
Margarine:
Production
.
do
2,397.7
Stocks, end of period©
do
64.3
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)
$ per l b . .
Animal and fish fats:
Tallow, edible:
Production (quantities rendered)
mil. lb_
Consumption in end products
do
Stocks, end of period 1
do
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do
Consumption in end products!
do
Stocks, end of period if
do
575.8
665.0
33.4
5,526.6
3, 029. 2
288.1
275.1
380.3
276.6
276.6
' Revised.
v Preliminary.
i Average for Jan. and Feb. 2 Average for 7 mos.
(June-Dec).
3 Reflects revisions not available by months.
* Less than 500 sh. tons.
5
Series discontinued.
O Cases of 30 dozen.
o"Bags of 132.276 lb.
§Monthly data reflect cumulative revisions
Q Q ft
.455
for prior periods.
9Includes data not shown separately; see also note " § " .
©Producers' and warehouse stocks.
\ Factory and warehouse stocks.
\ Monthly revisions
for 1974 are available.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
January 1977
1976
1975
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May-
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOOD AND KINDRED PRODUCTS! TOBACCO—Continued
FATS. OILS, AND RELATED
PRODUCTS-Continued
Vegetable oils and related products:
Coconut oil:
Production, refined
Consumption in end products
Stocks, refined, end of periodf
Imports
540.1
726.0
26.6
542.3
716.2
865.3
26.7
869.1
68.4
78.5
35.1
178.5
68.2
76.8
26.7
80.4
70.9
80.3
36.6
100.7
63.7
78.4
39.0
142.9
79.6
88.1
34.2
64.5
73.9
83.3
32.0
93.2
76.0
84.9
39.8
95.1
73.8
90.3
33.0
66.7
79.3
80.2
38.5
102.1
63.3
82.6
32.1
110.4
73.5
80.8
35.9
111.3
'64.7
'79.2
'35.8
0
72.0
77.7
42.3
0
518.3
500.7
473.0
52.6
458.8
496.6
475.6
39.5
40.3
46.4
41.0
43.3
35.4
44.5
40.7
39.5
43.1
44.7
44.0
46.5
39.3
43.9
39.1
51.3
41.4
41.1
39.3
55.2
41.7
40.6
39.0
64.8
42.8
48.5
43.0
80.9
42.0
49.6
41.3
84.4
40.2
51.5
46.2
78.7
47.3
55.1
50.9
51.8
41.6
49.2
47.2
40.8
'62.0
'47.4
40.2
'47.1
49.8
45.7
42.9
42.9
1,512.7 1,215.0
1, 262. 7 1,112.7
832.4
660.7
101.0
75.5
50.0
103.2
97.1
53.6
118.1
99.6
45.0
111.2
89.6
48.3
100.2
91.6
52.1
78.0
76.2
48.3
67.3
70.9
43.3
56.1
60.4
58.0
40.3
52.7
39.3
38.0
48.5
51.2
28.2
33.4
45.0
'80.1
37.7
43.7
128.2
73.0
56.6
153.1
46.7
.293
160.3
36.7
.278
179.7
76.2
.298
192.1
49.3
.318
217.1
51.8
.323
198.1
42.8
204.0
65.6
.263
153.6
47.9
.273
157.5
23.7
.325
135.9
24.4
.288
104.9
13.4
.318
115. 5
33.6
.283
166.6
15.7
.290
mil. lb_. 8, 704.9 7,861. 7 776.7
617.3
6,811.5 6,422. 9
do
609.2
7, 039. 0 6,830.3
do
846.7
605.0
624.4
807.4
611.9
658.0
757.6
558.7
617.6
852.4
646.5
687.3
846.1
606.6
623.4
869.8
624.2
625.9
813.9
627.1
634.6
788.7
584.7
626.8
720.5
607.9
635.1
766.1
568.1
623.7
' 807. 4
575.4
' 621. 3
801.3
600.5
612.1
799.9
40.4
.226
844.8
32.6
.222
913.2
120.2
.220
946.1 1,060.9 1,108.6 1,274.5 1,229.9 1,294.6 1,250.6 1,350.6 1,431.6
100.8
41.8
55.5
74.4
77.6
151.5
107.7
160.9
89.6
.254
.247
.219
.228
.274
.213
.276
.224
.284
mil. lb_.
do
..do
do
Corn oil:
Production: Crude...
Refined
Consumption in end products
Stocks, crude and ref., end of periodH
do
do
do
do
Cottonseed oil1.
Production: Crude
Refined
Consumption in end products
do
do
do
Stocks, crude and ref., end of period H
do
Exports (crude and refined)
do
Price, wholesale (N.Y.)
$perlb_.
Soybean oil:
Production: Crude
Refined
Consumption in end products
177.4
606.1
.410
673.6
Stocks, crude and ref. end of period H_.do
1, 606. 7
Exports (crude and refined)
do
Price, wholesale (refined; N.Y.)
$ per lb_-
160.3
656.5
.322
799.9
758.0
.286
657.7
78.9
.243
.283
.262
TOBACCO
Leaf:
Production (crop estimate)
mil. lb._ 1 1,990 i 2,182
Stocks, dealers' and manufacturers', end of period
4,461
4,738
mil. lb_.
Exports, Incl. scrap and stems
thous. lb__ 651,415 563,005 73,908
299, 946 320,318 28,403
Imports, incl. scrap and stems
do
4,738
62,858
18,168
93,233
28,373
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large), taxable.
Exports, cigarettes
5,424
42,678
286
4,559
6,009
51,921
319
3,906
millions.. 59, 272 62,278
576,175 588,345
do
5,016
4,475
do
46, 901 49,895
do
5,293
48,011
348
4,165
6
51,972
32,314
4,568
47,077
27,338
43,316
22,634
6,297
51,025
288
6,350
6,402
58,806
363
4,910
5,865
49,615
337
5,088
29,694
33,263
4,166
25,964
24,245
23,875
21,193
4,608
34, 678 48,164
30,786 25,198
5,302
50,352
342
5,212
6,243
58,362
376
5,033
4,552
44,022
315
4,284
6,027
54,121
356
4,703
6,324
52,365
354
5,304
2,083
52,862 51,307
21,582^ 17,573
6,887
52, 247
388
6,218
I
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
thous. $._ 339,062
Calf and kip skins
thous skins
2 163
Cattle hides
. .
thous. hides
18,428
Imports:
Value, total 9
Sheep and lamb skins
Goat and kid skins
_ ..
296,279
2,403
21,269
28,968
197
1,965
28,115
209
1,753
34,804
195
2,172
28,296
151
1,658
42,391
247
2,407
45,309
262
2,386
51,518
212
2,075
43,076
122
2,030
43,982
161
2,002
45,232
159
2,073
44,874
133
2,016
48,140
217
2,040
46,132
145
2,042
77,500
15,732
583
78,100
15,520
879
9,000
1,145
32
6,500
849
123
6,000
929
116
6,000
959
137
11,700
2,973
201
8,600
2,216
125
6,600
1,289
69
11,400
2,366
126
7,900
1,494
73
8,200
1,336
41
8,600
1,414
cl2l
6,100
817
69
523
55
.644
.231
».35O
.234
.350
.308
.450
.263
.550
.315
.550
.298
.300
.800
.349
.800
.390
.800
.348
.800
.363
.800
.373
.900
.383
.900
.318
.700
.290
thous. sq. ft.. 148,565 2184,104
16, 737
12,909
14,517
17,367
18,157
19,449
21,149
18,795
14,028
12,074
18,343
14, 361
15,108
«151.1
182.6
182.6
182.6
182.6
189.8
194.1
207.1
199.9
199.9
207.1
211.4
207.1
195.6
413,080
34,609
35,015
38,970
37,981
44,361
41,575
40,748
39,118
31,034
36,564 ' 36,854
34, 766
31,368
331,232
70,536
7,917
3,392
27,490
6,166
691
262
30,113
3,970
701
231
32,985
5,112
735
228
31,416
5,516
804
245
36,518
6,527
936
380
33,688
6,338
1,080
469
32,289
7,120
875
464
31,586
6,247
952
333
26,317
3,919
587
211
28, 710 ' 28,718
6,712 ' 6, 787
922
'999
'350
220
26,331
7,272
923
240
24, 363
5,985
787
233
3 993
2 4,332
375
369
369
451
587
640
521
436
524
560
411
461
498
155.1
165.0
168.1
168.1
170.5
173.6
175.9
177.1
177.1
179.4
179.4
179.4
184.1
184.1
184.1
184.1
151.8
6 133.5
154.3
154.3
135.9
156.8
135.9
156.8
135.9
160.0
135.9
161.3
138.8
161.3
138.8
163.0
138.8
163.0
138.8
165.5
138.8
166.8
145.2
166.8
145.2
169.3
145.2
169.3
145.2
thous. $__
...thous. pieces
do
Prices, wholesale* f.o.b. shipping point:
Calfskins, packer, heavy, 9H/15 lb
Hides, steer, heavy, native, over f>3 lb
$ per lb__
do
LEATHER
Production:
Calf and whole kip
_
thous. skins
Cattle hide and side kip
thous hides and kips
Goat and kid
thous skins
Sheep and lamb
do
Exports:
Upper find lining leather
Prices, wholesale, f.o.b. tannery:
Sole, bends, light
index, 1967=100 .
Upper, chrome calf, B and C grades
index 1967-100
.700
.323
16 824
13 889
158.8
LEATHER MANUFACTURES
Shoes and slippers:
Production, total
thous. pairs. 452,955
Shoes, sandals, and play shoes, except athletic
thous. pairs.. 355,147
Slippers
do
85,502
Athletic
do
9,890
Other footwear
do
2,416
Exports.. _
do
Prices, wholesale f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
.index, 1967=100..
Women's oxfords, elk side upper, Goodyear
welt
index, 1967=100..
Women's p u m p s , low-medium quality _do
144.0
127.8
r
Revised.
i Crop estimate for the year.
* Annual total reflects revisions not distributed to the monthly data.
'Average for Jan.-May and July-Dec.
* Jan.-June and Aug.-Dec.
'Jan., Feb., and
Dec.
« Dec. 1 estimate of 1976 crop.
9c Includes data for items not shown separately.
Corrected.
If Factory and warehouse stocks.
SURVEY OF CURRENT BUSINESS
January 1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1975
1974
Annual
S-31
1976
1975
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
LUMBER AND PRODUCTS
LUMBER—ALL TYPES9
National Forest Products Association:
Production, total
mil. bd. ft..
Hard woo ds
do
Softwoods
do
Shipments, total
Hardwoods
Soft woods
...do..
do.
do..
i 34,463
6,904
27,559
1
31,491
5,524
25,967
2,530
498
2,032
2,500
446
2,054
2,821
451
2,370
2,804
513
2,291
3,144
512
3,209
544
2,665
2,960
559
2,401
2,949
542
2,407
2,963
509
2,454
3,265
568
2,697
3,226
524
2,702
3,305
550
2,755
133,811
6,583
27,228
1
31,668
5,461
26, 207
2,689
514
2,175
2,647
433
2,214
2,762
463
2,299
2,790
521
2,269
3,107
521
2,586
3,155
556
2,599
2,944
571
2,373
3,150
536
2,614
3,122
497
2,625
3,234
570
2,664
3,167
507
2,660
3,167
525
2,642
do
do
do
5,109
780
4,329
4,932
843
4,089
4,982
829
4,153
4,932
843
4,089
4,894
831
4,063
4,926
823
4,103
4,963
814
4,149
5,016
801
4,215
5,123
789
4,334
4,922
795
4,127
4,763
807
3,956
4,794
805
3, 989
4,854
823
4,031
4,991
847
4,144
do.
do.
1,668
7,249
1,643
5,968
131
415
131
552
132
477
147
527
139
627
161
701
156
152
573
254
890
153
165
781
160
715
140
759
316
7,430
550
559
550
721
601
660
638
761
654
760
653
572
624
738
705
677
683
637
677
667
705
661
657
661
7,777
7,730
982
7,134
7,196
920
642
592
548
601
955
549
601
903
711
670
944
623
987
756
745
756
761
993
643
601
1,055
618
657
1,016
643
676
983
714
723
974
641
647
719
711
976
684
657
1,003
598
158
440
505
125
398
46
10
36
50
11
39
48
20
28
33
63
29
34
50
14
37
42
13
29
83
19
64
47
11
37
70
19
51
31
8
23
158. 84
158. 88 157.56
166.40
175.43
178.29
184,90
180.05
176.06
171.45
187.49
195. 59 215. C
207.79
204.02
mil. bd. ft._
do
i 6,699
344
i 7,074
453
620
453
593
453
615
460
619
476
632
418
695
375
i 6,790
» 6,965
538
572
636
593
623
609
634
614
603
664
671
726
479
710
746
733
470
i 6,921
i 6,760
623
478
583
598
590
459
Production
do.
Shipments
do.
Stocks (gross), mill and concentration yards, end
of period
mil. bd. ft.-
638
405
584
611
743
742
716
684
761
738
1,309
1,134
1,168
1,134
1,177
1,162
1,176
1,196
1,191
1,184
1,148
1,149
1,181
1,204
Exports, total sawmill products
M bd. ft_.
76,276
67,502
7,445
9,591
8,576
11,346
14,241
10,774
11,160
12,872
9,322
11,438
11,361
9,114
12,833
Prices, wholesale, (Indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1967=100..
Flooring, C and better, F. G., 1" x 4", S. L.
1967=100..
188.4
166.6
176.5
182.0
190.5
198.6
217.7
217.7
219.7
222.4
225.1
236.3
245.1
246.0
244.3
246.1
229.2
226.9
222.0
223.0
227.4
228.5
231.8
231.8
231.8
231.8
233.3
235.1
237.3
237.7
238.4
238.4
8,788
392
8,665
538
725
559
743
725
578
830
530
851
522
809
502
956
535
843
555
829
604
837
829
843
582
786
859
794
546
920
859
1,017
598
801
921
830
974
967
885
823
1,144
1,183
1,337
1,217
1,190
1,252
189.73
165.91
10.1
4.9
8.3
8.7
9.6
10.8
5.0
10.8
5.9
9.7
5.6
8.2
5.2
8.0
4.4
8.1
10.4
7.9
10.0
6.2
9.8
10.1
6.4
9.6
8.6
8.3
8.3
7.1
Stocks (gross), mill, encl of period, total
Hardwoods
Softwoods
Exports, total sawmill products
Imports, total sawmill products
SOFTWOODS
Douglas fir:
Orders, new
Orders, unfilled, end of period
mil. bd. ft.
do...
Productlon
Bhlpments
Stocks (gross), mill, end of period
do.
do_
do_
Exports, total sawmill products
Sawed timber
Boards, planks, scantlings, etc
do
do
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$per M bd. ft._
Southern pine:
Orders, new
Orders, unfilled, end of period
Western pine:
Orders, new
Orders, unfilled, end of period
mil. bd. ft_.
do
Production
Shipments
do.
do.
8,973
8,952
8,445
8,519
654
708
706
764
751
584
695
705
Stocks (gross), mill, end of period
do.
1,344
1,270
1,280
1,270
1,212
151. 38
131.97
127.30
108.3
2.5
123.9
104.2
4.5
4.4
8.8
4.5
12.6
6.7
8.4
5.4
12.5
6.2
7.2
14.7
7.0
8.3
12.5
8.0
10.4
10.2
8.4
9.2
9.6
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
$ per M bd. ft..
154. 01
715
731
1,196
1,204
177. 50 198.52
1,265
209. 92
218. 76
1,265
161. 57 168. 63 182. 50
198. 57
198. 68
206.15
HARDWOOD FLOORING
Oak:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross), mill, end of period
mil. bd. ft.
do
do.
do_
do.
108.5
19.2
8.2
4.6
9.8
5.2
9.4
5.7
7.9
9.0
11.0
8.7
8.6
11.2
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons..
Scrap
do___
Pig iron
do
5,833
8,696
101
2,953
9,608
60
185
757
4
182
646
3
150
676
6
177
654
4
212
600
4
229
743
6
265
836
5
232
671
7
318
769
3
280
631
3
193
709
3
183
644
4
186
554
15, 970
201
342
12,012
305
478
903
17
51
1,153
34
31
1.007
72
42
966
22
41
1,034
28
31
948
47
16
1,071
27
22
1,355
57
39
1,190
68
.42
1,201
49
17
1,283
28
55
1,268
26
22
1,597
thous. sh. tons.. » 55,250
do
i 51,335
do
U05,483
1
do
8,408
i 46,042
i 36,753
i 82,331
18,766
3,388
2,808
6,212
8,792
3,505
2,725
6,133
8,860
3,758
2,836
6,836
8,489
3,818
3,205
6,904
8,581
4,418
3,951
8,131
8,828
4,407
3,910
8,057
9,087
4,475
3,935
8,388
9,109
4,596
3,864
8,172
9,381
4,314
3,375
7,402
9,652
4,407
3,520
7,647
9,918
4,291
3,225
7,508
9,918
Imports:
Steel mill products
Scrapf
Pigironf
do
do
do.
Iron and Steel ScrapH
Production
Receipts, net
Consumption
Stocks, end of period
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per lg. ton
59.12
60.42
106.22
70.83
65.14
Pittsburgh district
do
61.50
64.00
104.20
72.50
74.50
r
Revised.
* Preliminary.
» Annual data; monthly revisions are not available.
9 Totals include data for types of lumber not shown separately.
fEffective Aug. 1976 SURVEY, scrap excludes imports of rerolling rails and pig iron excludes
sponge iron imports previously included.
116
275
p7, 350
p9,947
P4,
P 3,
80.98
87.75
80.42
72.09
78.50 85.10 78.64 69.88
83.50
86.00
93.00
80.50
82.00 91.00 85.00 73.50
H Effective with 1974 annual and Jan. 1975 figures, data reflect
exclusion of direct-reduced (prereduced) iron, previously included in
60. 02
63. 22
61.69
64.00 i 69.00
67.50
expanded sample and
scrap series.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1976
1975
1975
Annual
January 1977
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous. lg. tons..
Shipments from mines
do
Imports
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do
Exports
do
Stocks, total, end of period
At mines
At furnace yards
At U.S. docks
do
do
do
do-..-
Manganese (mn. content), general imports
do
84,355
85,112
48,029
78,866
75,967
46,742
5,765
5,796
3,062
5,801
5,277
4,039
5,413
2,578
2,703
5,459
1,812
1,645
5,812
2,245
2,022
6,118
5,579
2,443
7,612
8,483
4,084
7,846
8,910
4,554
7,188
9,314
5,109
7,424
9,593
5,333
7,416
8,739
5,057
6,755
7,639
4,114
3,904
128,306
129,077
2,323
112,718
106,230
2,538
8,571
7,958
333
8,375
8,326
203
3,916
8,849
1
4,111
8,923
2
4,690
10,063
21
7,765
9,926
200
12,696
10,753
425
12,862
10,347
271
13,892
10,554
541
13,873
10,269
424
13,134
9,262
363
11,432
8,976
160
10,053
8,205
268
57,924
1 9,405
45,247
3,272
68,113
11,268
52,231
4,614
67,265
10,786
52,133
4,346
63,076 61,400 62,608
21,984 22,724 21,853
37,181 35,085 37,296
3,911 3,591 3,459
64,087
20,793
39,852
3,442
65,298
18,558
43,256
3,484
66,643
16,392
46,959
3,292
69,331
15,078
50,864
3,389
71,430
14,171
53, 319
3,940
55,167
4,613
1,033
43
93
79,923
95,909
96,792 179,638
1763 U,435
5,981
5,958
1,387
851
68,113 66,855 65,351
11, 268 14,696 18,418
52,231 47,298 42,485
4,614 4,861 4,448
101
39
83
68
53
161
45
134
87
75
6,234
6,210
1,427
6,636
6,664
1,438
6,754
6,812
1,452
7,519
7,573
1,430
7,601
7,679
1,362
8,116
8,163
1,329
7,874
7,859
1,356
7,999
7,930
1,418
7,751
7,702
1,501
6,995
7,021
1,489
1,489
182. 38 182.38
182.38
182. 38 182.38
182.38
182.38
182.25
994
934
463
960
1,060
507
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons..
Consu mption
do
Stocks, end of period
do
Price, basic furnace
$ per sh. ton..
Castings, gray and ductile iron:
Orders, unfilled, for sale, end of period
thous. sh. toDs..
Shipments, total
do.
Forsale
do.
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh. tons..
Shipments, total
do.
Forsale
do.
122.61
181.76
1,416
15,661
8,664
994
12,445
6,435
133
912
553
64
730
430
902
1,003
496
907
1,122
534
1,313
659
855
1,257
606
1,241
613
920
1,325
666
895
1,056
552
892
1,195
631
'855
1,197
594
833
1,177
604
6,938
6,272
182. 25
182.52
9,494
72.2
9,215
67.8
65
Steel, Raw and Semifinished
Steel (raw):
Production
thous. sh. tons.. 145,720
Rate of capability utilization*
percent..
Steel castings:
Orders, unfilled, for sale, end of period
thous. sh. tons..
1,527
Shipments, total._
do.
2,091
For sale, total
do.
1,739
116,642
76.2
8,709
67.4
8,846
66.2
9,835
74.4
9,907
80.1
11,294
85.4
11,439
88.4
12,136
90.8
11,605
89.7
11,400
84.8
11,128
82.8
10,463
80.4
10,295
75.8
748
1,927
1,575
786
145
119
748
'148
'120
691
158
133
645
155
131
607
176
147
574
155
129
553
153
128
508
153
126
486
119
95
455
134
110
'452
' 158
'134
424
155
131
109,472
79,957
5,703
6,071
7,246
6,840
8,259
7,780
8,215
8,537
7,519
7,646
6,996
5,509
7,210
10,919
1,785
3,910
5,121
8,761
1,965
284
297
516
146
296
319
559
152
317
307
552
160
360
319
550
156
417
389
652
176
343
604
178
437
375
634
163
458
430
719
176
342
420
687
161
345
326
560
155
379
343
593
167
306
323
559
158
do
do
do.
do.
i 18,514
11,061
1 5,089
2,251
13,367
8,146
3,666
1,486
926
549
285
87
912
553
264
1,074
675
282
111
1,135
721
294
114
1,321
834
334
146
1,261
753
370
133
1,346
808
386
146
1,335
794
375
159
1,109
659
325
120
1,223
750
328
139
1.340
824
356
153
1,164
664
355
138
Pipe and tubing
do.
Wlre and wire products
do.
Tin mill products
do
Sheets and strip (incl. electrical), total...do
Sheets: Hot rolled
do.
Cold rolled
do.
9,844
3,171
7,528
44,991
15,774
18,275
8,229
2,153
5,687
30,763
11,222
12,841
542
170
388
2,435
819
1,083
530
151
528
2,624
927
1,126
546
182
868
3,240
1,074
1,471
546
188
450
3,136
1,070
1,410
241
540
3,916
1,372
1,714
576
233
521
3,669
1,299
1,595
557
220
532
3,950
1,423
1,699
568
242
599
4,011
1,499
1,646
457
213
540
3,549
1,313
1,496
497
191
518
3,704
1,366
1,569
490
210
477
3,647
1,350
1,505
494
199
464
3,328
1,164
1,460
By market (quarterly shipments):
Service centers and distributors
do
Construction, incl. maintenance
do
Contractors' products
do
Automotive
do
Rail transportation
do__.
Machinery, industrial equip., tools
do
Containers, packaging, ship, materials...do
Other
do.._
23,179
12,270
6,249
18,928
3,417
6,440
8,218
30,771
15,622
8,767
3,927
15,214
3,152
5,173
6,053
22,049
34.4
33.9
33.8
7.7
5.6
10.0
6.7
10.1
6.3
7.4
6.7
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous. sh. tons.
By product:
Semifinished products
do
Structural shapes (heavy), steel piling
do
Plates
do.
Rails and accessories
do.
Bars and tool steel, total
Bars: Hot rolled (incl. light shapes)
Reinforcing
Cold
finished
Steel mill shapes and forms, inventories, end of
period—total for the specified sectors:
mil. sh. tons.
Producing mills, inventory, end of period:
Steel in process
mil. sh. tons
Finished steel
do.
Service centers (warehouses), inventory, end of
period
mil. sh. tons.
Consumers (manufacturers only):
Inventory, end of period
do.
Receipts during period
_
do.
Consumption during period
do.
13.7
81.5
79.0
10.5
58.9
62.1
3,569
1,706
1,066
5,450
728
1,283
1,974
6,447
3,615
1,721
870
3,692
718
1,089
1,436
5,014
10.
4.2
4.7
10.0
6.7
33.5
33.8
33.5
33.7
34.3
34.5
35.6
36.0
'35.5
35.8
10.0
6.4
10.2
6.7
10.1
6.5
10.4
6.8
11.2
6.8
11.5
7.
11.9
7.2
11.7
7.2
12.0
7.3
12.2
7.2
6.5
6.5
11.0
6.9
6.4
6.6
'6.4
10.
4.9
4.8
10.3
5.1
5.0
10.2
5.3
5.4
10.2
'5.1
'5.1
10.2
5.0
5.0
6.7
6.5
6.5
10.5
4.3
4.6
10.6
5.1
5.0
10.4
5.1
5.3
r
Revised.
» Preliminary.
1 Annual data; monthly or quarterly revisions are not
available.
» For month shown.
•New series. Source: American Iron and Steel Institute. The production rate of ca-
3,708 2 1,096
2 599
2,023
2 347
1,174
2
1,689
5,343
2 258
737
2 434
1,303
2 481
1,676
6,670 2 2,092
4,199
2,063
1,296
5,684
743
1,357
1,836
7,349
10.4
6.0
6.0
10.0
5.3
5.7
10.0
5.5
5.5
6.4
10.1
5.7
5.6
pability utilization is based on tonnage capability to produce raw steel for a full ° r ^er book
based on the current availability of raw materials, fuels and supplies, and of the'industry s
coke, iron, steelmaking, rolling and finishing facilities. Data prior to 1975 are not avaliaoie.
SURVEY OF CURRENT BUSINESS
January 1977
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1975
Annual
S-33
1976
1975
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Aug.
July
Sept.
Oct.
Nov.
Dec.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons..
Recovery from scrap (aluminum content)..do
4,903
1,190
3,879
»1,156
310
do
do
509.0
45.3
457.9
61.0
do
do
207.8
234.9
319
90
322
45.3
7.4
46.3
7.4
185.8
185.4
13.0
44.9
18.0
36.1
8.9
31.3
14.7
.3406
.3979
.4100
.4100
13,639
10,461
5,626
1,760
9,804
7,427
4,052
1,376
824.6
586.1
312.6
116.0
968.4
667.6
384.4
122.2
5,999
6,007
1,413.4
1,443.4
1,286. 2
i 157. 2
330.0
111.5
106.4
96.9
9.5
28.0
31.9
19.1
• 309.9
126.5
330.0
146.8
333.1
172.4
2,201
374
179
1,541
539
178
.7727
.6416
2,813
2,647
667
2,025
2,056
512
663.9
i 698.7
1621.5
i 658.5
48.9
61.0
52.8
53.8
50.4
52.0
52.0
55.1
57.8
64.6
50.6
57.0
51.0
53.5
213.6
Imports (general), ore (lead cont.), metal—do
1,599.4
Consumption, total
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. sh. tons__
187.1
Refiners' (primary), refined and antimonial
(lead content)
thous. sh. tons.. 1 37.3
166.6
Consumers' (lead content)^
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. sh. tons.. i 104.1
.2253
Price, common grade, delivered
$ per lb._
188.6
1,297.1
20.6
108.9
21.8
108.5
21.9
109.3
18.3
114.1
23.5
125.1
16.0
116.4
191.4
188.7
191.4
188.7
193.0
206.8
81.3
i 133.3
82.8
117.9
81.2
120.3
90.6
110.5
92.0
110.4
89.9
116.4
87.8
.2153
83.8
.2000
.1946
83.7
.1900
79.6
.1900
0
4,005
Imports (general):
Metal and alloys, crude
Plates, sheets, bars, etc
Exports:
Metal and alloys, crude
Plates, sheets, bars, etc
1
Price, primary Ingot, 99.5% mlnimum...$ per lb._
Alumlnum products-.
Shipments:
Ingot and mill prod, (net ship.)
Millproducts, total
Sheet and plate
Castings
..mil. lb-.
do
do
do
Inventories, total (ingot, mill products, and
scrap), end of period
mil. lb..
5.156
Copper:
Production:
Mine, recoverable copper
thous. sh. tons-. 1,597.0
Refinery, primary
do
11,654.7
From domestic ores
do
1,420.9
From foreign ores
do
i 233. 8
Secondary, recovered as refined
do
482.0
Imports (general):
Refined, unrefined, scrap (copper cont.)__do
Refined
do
Exports:
Refined andscrap
do
Refined
do
607.7
313.6
Consumption, refined (by mills, etc.),qtrly..do
Stocks, refined, end of period
do
Fabricators'
do
Price, electrolytic (wlrebars), dom., delivered
$ per lb..
Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products
mil. lb_.
Copper wire mill products (copper cont.)-__do
Brass and bronze foundry products
do
Lead:
Production:
Mine, recoverable lead
thous. sh. tons..
Recovered from scrap (lead cont.)
do
Tln:
Imports (for consumption):
Ore (tin content)
Metal, unwrought, unalloyed
Reeovery from scrap, total (tin cont.)
As metal
Consumption, total
Primary
Exports, incl. reexports (metal)
Stocks, pig (Industrial), end of period.
Price, pig, Straits (N.Y.), prompt*
Zinc:
Mine prod., recoverable zinc
Imports (general):
Ores (zinc content)
Metal (slab, blocks)
1
17.5
9.0
27.9
6.1
34.2
5.9
33.6
6.5
9.8
23.9
6.2
18.9
7.5
18.3
13.1
19.2
,4400
.4400
.4691
.4800
.4800
.4800
25.8
15.5
14.6
17.2
7.2
16.5
.4100
.4100
.4148
.4250
902.9
718.3
410.5
148.1
946.4 1,134.8 1,070.6 1,207.0 1,170.7
830.9
888.1
826.8
914.5
384.7 454.3 462.9
512.3 531.8
151.8
159.7
160.1
164.8
161.6
5,971
5,997
5,891
5,816
5,676
5,546
5,599
5,545
5,525
5,592
116.0
118.7
107.0
11.7
30.0
120.5
114.3
104.2
10.1
31.0
116.7
106.2
93.8
12.4
29.0
133.7
136.5
127. 6
8.9
28.0
136.1
133.3
125.9
7.4
29.0
136.6
124.8
116.1
8.7
31.0
129.3
133.9
125.2
8.7
28.0
127.4
111.8
104.4
7.4
24.0
143.3
128.9
118.7
10.2
26.0
144.0
143.7
132.8
10.9
30.0
148.8
134.8
126.9
33.5
21.4
16.4
8.4
38.2
21.5
42.9
33.5
26.6
55.9
45.8
53.8
38.5
77.9
66.6
33.0
22.1
35.9
13.5
42.4
30.2
19.1
10.4
20.5
11.2
16.9
8.5
20.5
10.8
68.0
48.7
20.6
10.9
20.4
22.4
9.4
22.3
8.7
23.4
9.4
23.0
10.0
22.7
11.5
20.4
7.3
469
483
135
<176
487
144
«185
503
178
U87
492
175
U42
499
149
*164
500
144
4 171
480
124
*164
«519
146
.6468
.6924
.7062
.7062
.7462
.7462
.7462
.7206
.7062
'49.3
58.4
21.5
130.4
48.3
.6379
.6362
563
549
129
do
do
$ per i b -
8,415
10,442
3.9575
3,540
9,385
3.3982
17
8,700
3.2403
21
9,490
3.0302
350
116
649
575
136
944.3 1,170.1 1,006.1 1,012.8
846.6
865.2
780.5
799.5
449.6
466.9
494.1 483.1
152. 8
150.5
130.7
147.9
7.9
26.0
617
592
131
672
635
138
48.1
49.8
51.0
57.4
49.2
56.1
13.4
118.2
50.6
57.8
30.4
118.2
13.0
101.4
11.1
116.2
12.9
121.2
205.3
196.4
200.8
192.4
87.3
116.1
84.4
116.6
83.7
118.0
76.1
117.9
66.3
119.8
60.9
117.7
51.8
109.5
43.8
68.2
.2022
70.8
.2193
76.9
.2288
87.7
.2300
91.8
.2424
91.2
.2476
'98.2
.2483
97.1
.2574
.2579
28
4,809
1,210
140
5,735
4,485
934
2,617
1,095
140
5,333
4,262
64
2,606
1,185
225
5,405
4,340
927
6,177
1,205
200
5,875
4,595
0
386
3,843
1,225
225
5,590
4,625
825
3,429
940
240
655
3 264
1, 255
300
5, 295
4 265
0
2,160
990
498
2,414
1,025
120
4,855
3,795
4,141
36.6
37.2
40.4
41.6
42.7
41.2
41.7
40.8
38.7
37.1
38.5
40.7
145.0
380.4
8.3
53.8
12.1
51.2
6.2
57.7
9.8
44.0
8.3
45.5
6.6
59.9
5.7
62.9
9.4
77.2
9.8
60.6
7.3
51.6
14.3
76.6
2.6
63.7
127.1
» 258.2
182.7
223.8
8.8
18.8
8.3
18.6
8.4
18.6
7.6
19.6
8.9
21.1
8.8
19.5
8.3
15.8
8.3
15.3
14.8
9.2
16.1
6.6
16.4
7.8
16.0
438.1
57.9
925.3
6.9
31.0
4.6
78.5
.2
36.8
4.1
81.3
(»)
42.0
3.8
84.1
(2)
40.8
4.5
87.8
.2
41.4
5.8
106.5
0
43.5
3.0
98.9
41.6
6.0
102.7
39.6
5.6
104.5
40.6
4.4
87.7
36.1
3.8
99.5
2.9
37.1
3.5
103.8
42.7
3.9
91.4
.1
75.7
107.3
.3896
60.7
91.6
.3890
67.4
97.8
.3893
73.4
.3712
74.6
91.1
.3700
67. 5
97.4
.3700
68.0
101.4
.3700
67.6
110.6
.3700
69.2
121.4
.3700
73.0
126.5
.3700
134.2
.3700
59.1
136. 3
.3700
72.6
136.1
.3700
499.9
1
18.5
185.2
240.0
539.5
do
. do
.4800
125
6,295
5,160
5,090
5,040
4,340
4,135
262
411
102
44
215
38
262
153
278
111
7,804
7,747
',471 8,611
8,488 9,044
7,731
6,853 3 8,243
9,247
3
4.0778
4.0044
3.1397 3 3.2749 3 3.4720 3 3.5546 3 3.7511 3. 8932 3 4.2294 3 4.0353 3 3.9638
' Revised.
i Annual data; monthly revisions are not available.
* Less than 50 tons.
bee •" note.
* For month shown.
« Corrected
concludes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
§ All data (except annual production figures) reflect GSA remelted zinc and zinc purchased
for direct shipment.
©Revised Dec. 31 stocks for 1970-73 (thous. tons): 124.2; 48.6; 30.1;
25.9. Producers' stocks elsewhere, end of Dec. 1976, 28,300 tons.
68.6
8.0
9.7
18.4
33.2
7.5
10.5
19.8
4.1
16.7
.4100
1,083
3,936
980
125
4,545
3,485
Slab zinc: §
Production (primary smelter), from domestic
and foreign ores
thous. sh. tons.- »555.2
Secondary (redistilled) production
do
*78.5
Consumption, fabricators.
do
* 1,287.7
Exports
do...19.1
Stocks, end of period:
Producers', at smelter (ABMS)O
do
39.7
Consumers'
do-__- 1210.7
Price, Prime Western
$perlb,_
.3594
3
70.9
8.4
71.7
6.8
0
3,719
920
120
4,340
3,365
do.
do.
391
118
50.7
9.0
6,314
43,664
115,618
i 1,887
154,919
H2931
Consumption (recoverable zinc content):
Ores
Scrap, all types
116
47.0
6.8
5,877
39,602
»118,897
1,989
i 64,742
151,611
1
371
117
325
118
lg. tonsdo___
do-._
do___
do._do
thous. sh. tons.-
365
105
326
115
448
539
178
.6379
345
115
303
103
8.9
52.4
82.7
.3700
•New series effective with data for Jan. 1976. Source: Metals Week. MW Composite monthly
price (Straits quality, delivered) is based on average of daily prices at two markets (Penang,
Malaysia—settlement, and LME 3-month—High grade), and includes fixed charges plus
dealer's and consumer's 70-day financing costs; no comparable earlier prices are available.
OF (JUKiiEJNl 1 BUI 5.LJNE
JSUK VKY
S-34
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
1975
Annual
January- 1977
Nov.
1976
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
METALS AND MANUFACTURES—Continued
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic), net, qtrly 9 O
mil. $..
Electric processing heating equip
do
Fuel-fired processing heating equip
do
153.5
23.8
90.4
146.4
43.6
52.4
Material handling equipment (industrial):
Orders (new), index, seas, adj
1967=100..
202.7
135.6
131.8
132.9
142.4
151.2
162.2
159.6
172.1
.9.7
154.9
184.4
188.0
151.7
22,661
26,048
15,063
19,381
970
1,076
1,779
1,680
1,111
1,117
1,095
1,076
1,429
1,170
1,408
1,266
1,166
1,172
1,414
1,332
1,391
1,365
1,206
1,204
1,410
1,588
1,403
1,615
55,124
36,388
2,450
3,787
2,178
2,249
2,724
2,648
2,964
3,139
2,550
2,739
3,097
3,519
176.5
142.3
145.1
148.2
154.4
156.3
165.3
167.2
160.7
163.4
164.6
161.9
169.2
171.2
171.9
167.8
165.2
166.1
159.3
172.8
170.2
175.7
184.4
179.1
180.2
186.5
192.8
190.2
186.6
186.8
146.6
169.4
172.0
172.9
174.5
175.1
175.3
176.3
176.8
177.4
178.2
179.1
180-4
181.5
182.9
122.45 126.30 146.55 166.55 190.55
110. 30 118.00 134.75 130.75 168.60
128.15 97.35 92.25 140.35 112.60
104.55 84.30 78.65 121.90
96.95
961.7
990.6 1,044.9 1,071.1 1,149.0
'201.60
»192.05
'117.50
'105.55
-1,233.1
Industrial trucks (electric), shipments:
Hand (motorized)
number. _
Rider-type
do
Industrial trucks and tractors (internal combustion
engines), shipments
number..
Industrial supplies, machinery and equipment:
New orders index, seas, adjusted.. .1967-69=100. _
Industrial suppliers distribution:
Sales index, seas, adjusted
1967=100..
Price Index, not seas. adj. (tools, material handling
equip., valves, fittings, abrasives, fasteners,
metal products, etc.)
...1967=100-.
Machine tools:
Metal cutting type tools:
Orders, new (net), total
Domestic
Shipments, total
Domestic
Order backlog, end of period
mil. $__
do
do
do
do
Metal forming type tools:
Orders, new (net), total
Domestic
Shipments, total
Domestic
Order backlog, end of period
do
do__-.
do
do
do
35.4
8.3
12.6
39.7
5.7
13.2
80.85
2,017.05
915.90
87.05
73.75
73.15
1,715.65
780.50
71.05
66.15
1,445.85 1,878.65 134.55 161.95 117.00
1,241.35 1,548.10 105.95 130.95 101.20
2,025.2 1,062.4 1,137.4 1,062.4 1,019.2
485.20
405.85
584.70
521.80
521.2
Tractors used in construction, shipments, qtrly:
Tracklaying, total
units.. 23,623
mil. $__
904.8
Wheel (contractors' off-highway)
units. . 2 5,600
mil. $.. 2 255.6
Tractor shovel loaders (integral units only), wheel
and tracklaying types
units.. 51,405
mil. $.. 1,141.2
Tractors, wheel, farm, nonfarm (ex. garden and
construction types), ship., qtrly
units.. 234,558
mil. $.. 1,823.6
270.45
212.65
573.05
484.50
218.6
21.20
18.80
40.85
34.25
238.6
28.25
23.60
48.15
39.75
218.6
29.30
39.25
33.20
212.1
53.3
8.9
27.0
110.00 122.00 102.65 128.95
98.00 94.30 118.10
95.80
129. 80 145. 85 121.20 118.50
109.15 123.80 101.00 96.55
999.4 975.6
967.4
957.0
34.55
30.15
45.25
37.60
201.4
40.90
35.70
54.70
41.60
1S7.6
45.95
41.55
52.20
42.75
181.4
49.80
47.55
54.30
44.50
173.8
40.35
35.05
43.50
36.05
178.3
20,453
1,111.5
4,592
289.6
4,558
269.4
964
55.3
4,738
255.4
836
51.1
5,042
250.5
• 1,107
'75.4
37,956
1,132.7
8,351
266.7
8,942
247.5
9,443
249.4
226,223
2,368.1
54,197
634.3
62,590
717.7
58,570
683.1
45.8
10.6
18.9
57.00
50.95
51.30
43.40
179.5
55.50
51.85
32.05
25.90
202.9
60.40
55.30
47.05
39.30
216.3
187.5
48.80 p 43.75
39.05 p 38. 85
50.50 p 66. 35
41.95 p 52. 90
214.6 p 192. 0
4,964 3 1,466
272.3 3 83.0
864
59.8
8,594
255.8
44,842 313,756
564.5 3 170. 0
ELECTRICAL EQUIPMENT
Batteries (auto.-typereplacement), ship
thous.. U3,719
Radio sets, production, total market
thous..
Television sets (incl. combination models), production, total market
thous..
Household major appliances (electrical), factory shipments (domestic and export) 9
thous..
Air conditioners (room)
do
Dishwashers
_
do
Disposers (food waste) _
do
Ranges
do
Refrigerators
_
do
Freezers
"Ido~~~~
Washers
do
Dryers (incl. gas)
do
Vacuum cleaners
do
3,524
3,523
4,335
4,872
5,313
5,044
3,095
2,924
4,929
4 4,671
5,365
3,616
* 3,526
1,145
* 1,364
908
1,262
4 1,647
c 1,407
1,219
4 1,216
1,714
186.9
245.3
202.4
187.5
289.5
81.3
277.1
217.8
r 42,582
7 4,274
4,837
4,294
3,637
3,321
2,990
2,882
43,993
34,516
2,564
2,593
2,496
2,751
< 3,673
3,627
3,428
15,279
10,637
878
919 *1, 223
931
31,996
4,564
3,320
2,553
2,925
5,982
3,220
4,948
3,584
8,470
24,292
»• 2,670
2,702
2,080
i 2,082
r 4, 577
2,457
4,228
2,869
7,640
1,476
1,950
2,569
1,186
1,618
2,645
4
4
980
890
1,586
60.4
247.6
178. 3
166.2
304.7
91.5
296.2
218.7
1,800
210.3
259.7
178.5
194.9
360.9
83.8
279.3
202.9
6
3,400.3
1,934
261.1
223.8
192.8
167.7
299.7
115.2
368.8
2,158
264.5
224.4
188.7
183.7
361.6
131.8
417.5
292.6
2,500
405.4
294.3
204.6
203.6
426.7
152.0
412.2
282.1
52,392.1
2,514
524.4
296.5
222.6
217.0
408.3
143.3
346.2
234.4
2,194
373.0
242.3
198.9
193.9
414.1
128.2
335.9
208.4
2,388
336.7
261.5
214.6
222.8
494.6
128.3
408.0
253.6
52,100.2
2,023
161.9
209.9
185.9
201.9
488.4
165.6
344.7
219.1
2,222
75.3
280.5
234.4
215.5
477.0
169.0
444.2
300.6
2,075
77.6
245.7
238.2
206.7
420.7
142.8
414.7
305.9
2,056
83.0
321.6
235.7
224.1
392.7
108.2
369.6
295.1
1,868
83.6
301.4
193.8
207.8
330.7
84.9
345.0
295.3
121.1
146.7
183.2
114.3
158.2
204.9
132.2
137.3
253.6
111.6
162.9
255.9
135.1
186.0
310.0
115.8
144.1
312.2
113.0
155.1
285.8
116.0
180.4
277.6
124.5
116.3
228.9
' 124. 6
139.7
213.1
' 154.1
165.1
236.6
163.8
' 148.1
• 246.4
135.4
136.4
242.7
GAS EQUIPMENT (RESIDENTIAL)
Furnaces, gravity and forced-air, shipments, thous..
Ranges, total, sales
do
Water heaters (storage), automatic, sales
do""]
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
i 6,203
555
'630
530
Production %
....thous. sh. tons.. 16,617
640
14
735
21
63
Exports
_
do
Price, wholesale, chestnut, f.o.b. car at mine
29.972
44.856 46.428 46.428 46.428
.
$ per sh. ton..
D1 .
1603,406 640,000 52,410 53,115 51,495
Bituminous:
Production
%p
thous. sh. tons..
1
\ |J e v * s e d'
Preliminary.
Annual data; monthly or quarterly revisions not avail.
' Excludes figures for rubber-tired
dozers.
» For month
shown.
< Data cover 5 weeks;
5
6
other periods, 4 weeks.
Quarterly beginning 1976.
Aug.-Dec.
* Revised Jan.-Oct.
1975 data are as follows (thous.): 3,104; 2,710; 2,760; 2,781; 2,692; 2,666; 3,101; 3,867; 4,797; 4,994.
440
24
525
21
520
66
555
80
630
75
490
47
590
47
615
120
550
42
'490
56
505
46.428
46.428
46.428
46.428
46.428
46. 428
46.428
46. 428
46.428
46.428
46.428
59,675
57,445
58,350
52,630 60,050 57,850 56,605 58,430 43,250 53,440
c
9 Includes data not shown separately.
Corrected.
% Monthly revisions back to 1973 are available upon request.
O Effective 1976, data reflect additional reporting firms.
January 1977
S-35
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS S T A T I S T I C S
1974
1975
Annual
1975
Nov.
1976
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
5,871
367.0
Nov.
Dec.
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL—Continued
Bituminous—Continued J
Industrial consumption and retail deliveries,
total?
thous. sh. tons.
Electric power utilities
do__.
Mfg. and mining industries, total
do
Coke plants (oven and beehive)
do
Retail deliveries to other consumers
do
Stocks, Industrial and retail dealers', end of period,
total
thous. sh. tons.
Electric power utilities
do.._
Mfg. and mining industries, total
do._Oven-coke plants
do
Retail dealers
do..
Exports
Price, wholesale
do___
Tndex, 1967=100.
552,709 • 554,575
390, 068 403,249
153,721 145, 746
89,747
83,272
8,840
95,528
82,631
12,617
6,037
' 5,556
45,545
33,199
12,020
6,485
50,290
37,249
12,716
6,716
52,484
39,855
12,326
6,732
46,740
34,830
11,735
6,605
48,967
35,973
12,510
7,262
45,894
33,715
11,825
7,077
45,675
36,637
11,784
7,396
47,708
36,279
11,204
7,154
50,925
39,688
11,011
7,267
324
324
303
175
484
353
252
224
225
127,159 125,813 127,159
109,707 109,273 109,707
17,175 16,277 17,175
8,468
8,671
8,671
119,408 119,438 123,697 128,601
104,456 103,855 107,423 111,806
14,793 15,217 16,115 16,662
9,334
8,115
8,514
9,931
134,621 140,237 129,995
117,199 122,113 114,099
17,295 17,986 15, 736
10,612 11,257
8,746
280
277
263
277
159
366
159
133
127
138
160
59,926
339.5
65,669
387.0
7,593
363.0
4,534
370.1
3,697
368.9
3,050
368.0
8,979
366.9
5,780
366.4
5,667
366.0
6,569
365.8
4,880
366.7
4,223
366.7
5,613
366.8
845
2 60,737
24,749
3 727
56,494
25,848
57
4,365
2,115
40
4,549
2,286
49
4,551
2,201
49
4,372
2,036
54
5,041
2,177
55
4,884
2,101
55
5,069
2,222
55
4,938
2,149
51
5,007
2,241
48
4,785
2,319
50
4,720
2,140
5,451
368.0
372. {
COKE
Production:
Beehive
Oven (byproduct)
Petroleum coke§
Stocks, end of period:
Oven-coke plants, total
At furnace plants
At merchant plants
Petroleum coke
thous. sh. tons.
do-._
do
do
do
do...
do
935
910
25
1,084
4,996
4,718
278
1,472
4,522
4,291
231
1,565
4,996
4,718
278
1,472
5,092
4,820
272
1,502
4,994
4,737
257
1,539
5,105
4,847
258
1,605
5,062
4,808
254
1,704
4,992
4,736
256
1,795
4,729
4,504
225
1,785
4,641
4,383
258
1,840
4,445
4,202
244
1,825
4,750
4,511
239
1,867
do
1,278
1,273
52
74
55
92
87
116
133
137
101
210
170
91
Crude petroleum:
Oil wells completed
n u m b e r . . 2 12,784
16,338
Price, wholesale
Tndex, 1967 = 100..
211.8
245.7
Gross input to crude oil distillation units..mil. b b l . 4,631. 6 4,709.3
Refinery operating ratio
% of capacity..
87
1,619
261.0
394.6
87
1,817
262.6
411.4
1,465
263.2
403.6
86
1,341
242.3
388.1
88
1,726
242.4
412.2
87
1,237
245.3
396.4
86
1,501
246.1
413.4
87
1,500
247.8
427.7
93
1,312
254.3
446.1
94
1,265
254.3
446.3
91
1,474
254.3
425.3
89
1,396
264.4
1,291
264.4
264.4
Exports
P E T R O L E U M AND P R O D U C T S
All oils, supply, demand, and stocks:
New supply, totaltft
Production:
Crudo petroleumt
Natural-gas plant liquids
Imports:
Crude and unfinished oils
Refined products^
Change In stocks, al! oils (decrease,—)
Demand, totalf
Ex ports:
Crude petroleum
Refined products
Domestic product demand, total 9 X
Gasoline
Kerosene
"."
Distillate fuel oil*
Residual fuel ollt
Jet fuel
_
. .
Lubricants
Asphalt
Liquefied gases
Stocks, end of period, total
Crude petroleum
Unfinished oils, natural gasoline, etc
Refined products
Refined petroleum products:
Gasoline (Inch aviation):
Production
Exports
Stocks, end of period
6,062. 7 5,860.8
489.4
500.7
511.4
478.7
511.7
489.9
499.6
518.1
546.5
529.7
532.0
do
do
3.202.6
629.2
3,052.0
609.7
248.1
50.4
255.4
52.2
254.6
50.2
237.7
48.8
253.4
51.1
242.4
49.6
253.2
50.4
244.3
49.4
251.2
50.7
250.3
50.5
245.6
49.1
do
do
1,313.4
917.6
1,511.1
687.8
139.5
51.3
139.9
53.1
144.0
62.6
123.7
68.6
147.8
59.4
145.2
52.7
146.0
50.0
169.1
55.3
180.3
64.3
172.7
56.1
177.1
60.2
23.5
mil. b b l . .
do
termina
« 11.8
-46.7
-44.3
-18.4
-9.7
-3.5
16.2
20.3
40.8
23.3
33.8
6.158.7
6,022.6
476.6
565.7
581.4
512.4
542.0
506.8
500.9
511. 4
522.5
522.7
510.6
do
do.
1.1
79.4
2.1
74.3
0
5.0
0
8.1
0
4.8
0
7.0
5.6
0
6.4
0
7.5
.4
6.4
0
5.9
do___. 6,078.2 5,946.2
d o . . . . 2,402. 4 2,450. 3
64.4
58.0
471.6
192.8
4.4
557.6
212.0
8.5
576.6
199.2
9.2
IdoII'I
0)
0)
5.7
0
6.7
505.4
182.5
6.3
536.3
214.7
4.9
500.1
215.9
4.2
495.3
213.5
2.4
505.1
226.0
3.6
515.0
228.0
3.1
515.9
223.7
2.9
504.8
213.5
4.5
do
.do
do..
1,075.9
963.2
362.6
1,039.8
888.0
365.3
76.3
70.5
30.0
117.1
84.6
28.2
133.2
95.1
29.4
106.9
87.2
28.0
103.4
86.2
29.9
83.6
74.9
30.3
78.1
75.6
29.8
73.1
75.6
29.2
79.2
34.1
69.4
83.0
29.9
78.5
75.5
31.4
do..
_do.'
do..
56.7
168.7
513.1
50.1
147.4
486.4
3.7
11.5
42.5
4.4
5.9
54.3
3.8
5.1
57.5
4.1
5.0
44.0
5.3
7.9
40.4
4.7
9.7
36.0
4.5
13.9
35.3
5.0
17.0
33.3
5.1
17.9
34.2
4.5
20.0
37.6
4.9
17.7
37.3
do__
_ do
do
do
1,121.1
265.0
113.6
742.5
1,133. 0 1,179. 6 1,133.0 1,088. 6 1,070.2 1,060.5 1,057. 0 1,073. 2
271.0
271.4
283.1
284.0
289.3
271.4
277.4
286.6
115.6
113.7
118.9
119.4
113.7
113.7
113.5
120.5
793.1
658.5
669.8
747.9
685.6
747.9
679.4
649.9
281.7
120.0
691.9
1,134.4
282.6
121.3
730.5
, 157. 7
277.3
116.6
763.9
, 191. 5
284.4
118.9
788.3
do
dodo..
2,337.5
1.0
228.3
2,393.6
.8
238.0
211.3
.3
238.0
201.8
201.2
.2
241.9
197.8
2
226! 6
223.9
243.4
188.6
.2
251.8
220.6
235.3
227.7
229.4
223.3
.2
233.2
232.6
178.4
211.8
233.0
229.5
227.3
226.4
221.6
218.9
220.5
228.9
239.1
242.9
244.8
244.5
243.5
241.9
.404
.455
.476
.476
.468
.462
.456
.452
.461
.479
.485
.487
.487
.487
.486
.483
15.9
.1
3.5
13.7
.1
3.0
1.3
.7
.8
1.0
.9
1.0
1.4
1.4
1.6
1.4
56.9
16.9
226.7
315.5
319.7
322.5
Prices (excl. aviation):
Wholesale, regular
Index, 2/73=100..
Retail (regular grade, excl. taxes), 55 cities
» . (mId-month)
$ per gal..
Aviation gasoline:
Production
.
mil. bbl
Exports
do
Stocks, end of period
__
do
Kerosene:
Production
do
Stocks, end of period
_
"do
Price, wholesale (light distillate)"
Index. 1967=100..
thai
65.3
do.
199.4
0)
0)
0)
0)
3.0
2.9
55.7
15.6
3.1
4.7
18.2
5.8
15.6
5.6
11.9
285.6
304.2
307.8
310.5
? 50 thousand barrels.
2 Reflects revisions not available by
d a t a f r
? 74
° ^ ^ p e r i o d s b e c a u s e s t o c k s c o v e r ™ additional
0)
0)
0)
2.9
5.4
11.4
2.8
5.0
11.7
316.6
313.5
211.1
0)
227.5
0)
0)
0)
0)
0)
0)
0)
0)
3.3
13.4
4.3
15.0
2.8
4.5
15.2
304.9
308.8
310.9
2.4
2.3
2.5
3.9
11.7
3.5
12.9
3.5
13.1
310.8
306.3
303.2
2.6
207.8
2.6
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
cfIncludes small amounts of "other hydrocarbons and hydrogen refinery input," not
shown separately.
^Monthly revisions back to 1973 are available upon request.
SURVEY OF CUREENT BUSINESS
S-36
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are a s shown
In the 1975 edition of B U S I N E S S S T A T I S T I C S
1975
1976
1975
P
Annual
January 1977
Nov.
]PETROLEUM,
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS-Continued
Refined petroleum products—Continued
Distillate fuel oil:
Production.
.
mil. bbl
Importst..
_ _ _ _ _ _. _ .
do _
Exports
do
Stocks end of period
do
Price, wholesale (middle distillate)
Index, 1967=100-.
Residual fuel oil:
Production.
__ .
mil. bbl
Imports^
do
Exports
do
Stocks, end of period
_
do
Price, wholesale
Index, 1967—100
974.0
105.6
.9
223.8
83.0
86.3
85.9
86.6
79.7
84.9
86.6
91.8
92.4
3.9
4.1
88.4
(2)
235.8
(2)
208.8
(2)
165.5
(2)
150.5
(2)
138.3
(2)
137.3
(2)
147.1
(2)
165.1
(2)
190.9
.1
218.0
(2)
232 3
272.0
968.6
55.9
.3
208.8
309.4
330.8
336.3
336.7
339.4
335.1
331.5
328.6
329.2 , 332.1
336.0
338.8
341.2
344.0
349.6
390.5
579.2
5.0
74.9
485.4
451.0
435.9
5.3
74.1
495.5
36.4
35.1
.4
83.1
450.4
42.0
34.1
1.0
74.1
459.3
43.9
43.6
.4
66.6
451.8
40.4
49.4
.9
68.9
445.2
40.6
41.6
.3
65.1
454.8
38.5
37.7
.5
66.5
453.8
39.0
35.2
.3
65.1
453.6
37.2
37.2
.2
64.3
440.1
39.3
45.3
.3
69.8
431.9
40.9
40.5
.2
68.5
443.7
39.9
43.3
.3
76.4
445.5
453.8
468.7
477.8
305.1
29.8
318.0
30.4
25.9
29.0
26.3
30.4
27.6
30.6
26.6
31.2
28.7
32.6
27.8
qq oq
oo.
27.9
34.7
26.4
33.9
28.9
32.7
29.2
33.1
29.7
33.2
70.7
11.9
16.1
56.2
91
14.3
5.1
4.4
4.9
.7
.7
5.3
.9
14.3
14.6
14.0
13.0
5.1
10
12.5
5.3
.5
14.2
12.7
12.4
11.8
12.2
12.1
mil. bbl
do
164.2
21.6
144.0
22.8
11.6
20.2
8.3
22.8
6.8
24.9
6.9
27.0
8.6
28.0
10.2
28.7
12.6
27.6
14.9
25.8
16.0
24.1
15.7
20.3
15.2
18.1
Liquefied pases (inch ethane and ethylene):
Production total
mil bbl
At gas processing plants (L.P.O.)
do
At refineries (L R O )
do
Stocks (at plants and refineries)
do
571.3
447.9
123 3
112.5
557.5
444.1
113 4
125.1
46.2
36.9
9.3
138.1
48.1
38.4
96
125.1
46.7
37.2
95
109.0
45.1
36.0
9.2
105.5
47.9
37.6
10 3
108.5
46.2
35.7
10 5
114.0
48.1
36.4
11 7
122.3
45.6
34.9
10 7
130.4
47.1
36.1
11 0
138.4
47.0
35.8
11 2
143.6
46.1
35.5
10.5
147.2
Jet fuel:
Production
Stocks, end of period.
mil. bbl
do
Lubricants:
Production
Exports
Stocks, end of period
Asphalt:
Production.
_
Stocks, end of period..
do
do
do
_
2.9
5.0
.6
3.9
.7
84.8
5.1
6.0
4.3
4.7
.6
2.9
3.0
5.4
4.5
.8
5.5
.8
4.4
5.4
.9
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPE1Et
Pulpwood:
Receipts..
thous. cords (128 cii ft.).,
Consumption _
_ _
do
Stocks, end of period
do....
77,103
74,327
7,213
65,456
65,421
6,571
5,829
5,908
6,627
5,672
5,490
6,571
6,031
6,163
6,799
6,279
6,130
7,008
6,338
6,595
6,839
6,026
6,477
6,595
5,873
6,361
6,014
6,318
6,429
5,912
6,001
5,840
6,036
6,369
6,317
6,069
6,116
5,787
6,505
6,443
6,506
6,270
Waste paper:
Consumption
Stocks, end of period
12,098
848
10,345
731
809
717
762
731
842
694
828
633
905
663
872
660
885
652
880
656
784
699
874
675
'824
'713
888
698
48,349
1,723
33 012
2 210
4,' 711
2,736
3,958
«43,248
1,583
3 29 377
1 951
4,351
3,724
127
2 685
183
406
3,371
132
2 404
166
375
3,935
123
2 779
179
420
3,850
120
2 741
174
402
4,155
147
2 951
187
425
4,082
130
2 901
182
404
4,124
125
2 954
187
395
4,061
141
2,871
191
401
3,713
101
2 677
161
388
4,076
126
2,890
208
415
3,613
111
2,537
180
388
323
292
435
413
444
465
464
457
386
436
396
1 177
440
637
100
1 158
519
552
87
5 1 H3 «1 024
8
497
«633
421
440
59
87
1 062
562
431
69
1 083
574
448
60
1 032
531
441
60
1 101
606
437
57
1 108
626
430
52
1 215
730
434
52
1 126
620
56
1 081
606
417
58
' 1,051
578
'413
'60
399
69
.thous. sh. tons..
WOODPULP
Production:
Total, all grades
thous. sh. tons.Dissolving and special alpha
do
Sulfate.. _
do
Sulflte
do
Groundwood
do
Defibrated or exploded, screenings, etc.. d o . . . .
Soda and semichemlcal
do
Stocks, end of period:
Total all mills
Pulp mills
Paper and board mills
Nonpaper mills
do
do
do
do
do
do....
do
1
do
do
do
3
3 201
44Q
!2 565
692
3 257
186
52
134
240
58
298
206
76
130
209
54
155
214
73
141
178
54
124
229
69
160
216
57
159
207
53
155
232
66
166
223
48
175
201
65
136
191
60
131
*4 123
221
!
3 902
l 3 07g
140
l 2 937
237
8
230
283
21
262
318
23
295
280
8
272
313
20
294
298
7
291
316
18
299
344
7
337
307
9
298
335
20
315
306
25
281
308
23
286
297
11
286
59,930
26,651
28 017
144
5,118
52,359
23 295
24 288
113
4,663
4,721
2 080
2 223
9
409
4,538
2 098
2 077
9
354
4,940
2 249
2 287
9
396
4,800
2 147
2 236
g
408
5,394
2,392
2 511
10
481
5,194
2,284
2 438
9
463
5,155
2,271
2 405
10
469
5,172
2 286
2 426
9
451
4,640
2,054
2 165
6
414
5,083
2,236
2 371
10
466
' 4, 661
' 2,118
' 2,118
8
'417
5,116
2,257
2 404
8
447
Paperboard
_
152.2
169.7
170.1
do
170.3
171.3
Building paper and board
131.4
127.1
131.7
do....
123.5
131.3
r
Revised.
* Preliminary.
x
s
Reported annual total; revisions not allocated to the months.
Less than 50 thousand
barrels.
3 Beginning with January 1975, data for soda combined with those for sulphate;
not comparable with data for earlier periods.
171.7
133.2
172.9
137.0
174.8
136.2
175.9
136.4
177.1
139.5
178.4
141.2
179.0
140.7
179.2
141.9
178.7
141.2
Exports, all grades, total
Dissolving and special alpha
All other..
Imports, all grades total
Dissolving and special alpha
All other
1
2,802
788
2,015
1
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades, total, unadjusted. _-thous. sh. tons.Paper .
do
Paperboard
do
fin
Wet-machine board
Construction paper and board
do
Wholesale price indexes:
Book naDer A era.de
19fi7 — 1f*n
140 9
178.5
141.8
177.5
144.2
* Beginning March 1975, data for defibrated or exploded, screenings etc., not available;
not comparable with those for earlier periods.
« Data exclude small amounts of pulp because reporting would disclose the operations of individual firms.
JMonthly revisions back to 1974 are available upon request.
SURVEY OF CURRENT BUSINESS
January 1977
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the edition of 1975 BUSINESS STATISTICS
1975
Annual
S-37
1975
NOT.
1976
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS—Con.
Selected types of paper (API):
Groundwood paper, uncoated:
Orders new
thnns.sh. tons
do
Orders unfilled, end of period
do
Shipments
Coated paper:
do
Orders new
do
Orders unfilled, end of period
do
Shipments
Uncoated free sheet papers:
do
Orders new
. do . .
Shipments
Unbleached kraft packaging and industrial converting papers:
do
Orders new
do
Orders, unfilled, end of period.
do
Shinments
do
Tissue paper production
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of period..
do
do
do
United States:
do
Production
do
Shipments from mills
do
Stocks nt mills, end of periodCon sumption by publishers cf.
do
Stocks at and in transit to pu blishers, end of
thous sh tons
period
Imports
Price, rolls contract, f.o.b. mill, freight allowed
or delivered
Index, 1967=100..
do
1,255
167
1,246
1,252
230
1,189
118
232
119
111
230
115
108
234
113
106
181
111
108
222
110
122
245
114
104
166
116
126
189
111
109
185
111
117
172
114
109
181
106
117
180
119
3,642
296
3,832
3,138
264
3,212
301
245
277
297
264
311
350
273
321
315
211
310
356
285
354
352
319
327
336
309
332
299
273
343
337
311
308
336
296
340
325
292
339
360
295
347
6,355
6,938
5,399
5,471
555
535
557
546
546
574
498
543
565
599
553
582
505
567
511
570
473
509
488
536
474
510
498
539
4,135
135
4,187
4,086
3,422
149
3,406
3,979
294
135
293
356
302
149
288
334
364
345
370
350
343
337
322
364
343
364
9,548
9,597
143
7,679
7,727
95
379
488
137
324
365
95
370
339
126
552
484
214
812
781
225
806
812
806
245
812
823
234
814
736
312
822
801
333
760
748
345
837
813
369
793
811
350
3,481
3,480
25
3,614
3,613
21
310
308
33
282
294
21
330
330
21
298
298
20
326
323
23
302
21
308
301
28
305
308
25
286
285
26
317
313
30
292
291
31
321
316
36
322
321
36
7,022
6,363
583
546
498
505
531
559
570
534
502
526
539
599
595
837
734
664
652
760
788
836
884
897
884
906
270
302
543
610
538
581
662
205.3
207.6
827
7,399
734
5,847
289
316
792
239
303
687
760
603
645
608
613
151.2
184.0
184.7
184.7
184.7
184.7
190.1
193.1
197.9
197.9
202.7
203.3
205.3
205.3
342
876
556
482
1,165
476
543
1,233
550
482
1,165
487
512
1,163
546
583
1,231
566
578
1,268
580
576
1,256
583
582
1,232
586
555
1,188
568
505
1,214
494
567
1,166
581
522
1,105
506
574
1,096
569
542
1,088
563
385
988
561
Paper products:
Shipping containers, corrugated and solid fiber
shipments
mil. sq. ft. surf, area.- 1216,072
1194,329
15,851
15,959
17,414
16,705
18,875
18,209
18,168
18,497
17,401
16,735
2,380.0
1,755.0
191.5
' 141. 6
208.0
155.7
206.0
153.4
188.9
142.6
235.9
174.9
202.6
153.7
219.4
162.7
'228.9
' 172.4
Paper board (American Paper Institute):
Orders, new (weekly avg.)
thous. sh. tons..
Orders, unfilled §.
-_ do
Production, total (weekly avg.).
do .
Folding paper boxes
thous. sh. tons..
mil$__
2,560.0
1,700.0
18,220
18, 622
19,016
18,098
•• 196.1 r 223.4
r
r 150. 4 1 7 1 . 0
' 228.0
' 176. 8
r 227. 6
' 176. 9
204.5
159.8
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. metric tons..
Stocks, end of period
do
Imports, lncl. latex and guayule..thous. lg. tons-.
719.05
137.54
681. 32
633.60
105.38
656. 60
44.76
110.69
66.21
50.50
105.38
62.20
66.07
55.57
72.12
19.38
46.75
65.71
58.41
40.33
67.45
50.01
52.30
Price, wholesalo, smoked sheets (N.Y.)__$ per lb.-
.398
.299
.300
.308
.330
.358
.370
.388
.405
.440
.401
.405
.396
.420
.430
thous. metric tons.. 2,498.22 1,940.76
do
2,355.82 1,805. 91
do
618. 70
185.72
139.70
365.33
189.24
146.59
21.24
22.55
25.14
21.38
22.55
22.48
24.75
22.70
20.59
21.59
19.86
Synthetic rubber:
Production
C onsum ption
Stocks, end of period
Exports (Bu. of Census)
Reclaimed rubber:
Production
Consumption
Stocks, end of period
thous. lg. tons..
267.12
214.50
21.15
22.57
thous. metric tons..
do
do
153.27
144. 57
15.47
78.90
100.22
11.66
6.58
7.26
11.56
4.22
6.99
11.66
thous.. 211,390
186,705
15,212
16,215
17,598
18,200
20,552
16,085
9,856
10,453
8,025
8,954
18,096
do
209,418
do
55,245
do.
145,449
"do—._
8,724
196,281
47,452
142,706
6,122
13,854
3,988
9,352
514
14,056
3,928
9,667
461
14,615
4,769
9,299
547
16, 410
4,919
10,952
539
21,843
6,054
15,142
22,225
5,812
15,946
467
19,327
5,553
13,394
18,842
5,482
13,081
279
15,669
3,730
11,758
181
14,103
3,574
10,345
184
15,609
4,211
11,144
254
55,242
9,229
50,020
6,124
47,569
529
50,020
419
53,172
482
55,395
435
54,837
609
49,125
532
40,259
408
32,405
387
25,581
236
21,285
225
24,594
247
306
397
41,415
46,227
8,755
3,608
32,584
34, 581
9,212
2,380
2,678
9,260
352
2,305
2,542
9,212
300
2,675
2,941
9,133
309
2,790
3,043
9,028
283
3,165
3,610
8,747
402
2,478
3,094
8,441
260
1,477
2,803
7,380
263
1,605
3,128
6,249
278
1,304
2,638
5,259
235
1,504
2,469
4,607
203
2,861
2,477
5,400
74
255
249
.400
TIRES AND TUBES
Pnuematic casings, automotive:
Production
Shipments, total
Original equipment
Replacement equipment
Exports__.
Stocks, end of period
Exports (Bu. of Census)
Inner tubes, automotive:
Production
Shipments
Stocks, end of period
Exports (Bu. of Census)
_
do
do
""I
do
__ " do
do
""do.I—
»• Revised.
i Reported annual total; revisions not allocated to months.
cf As reported by publishers accounting for about 75 percent of total newsprint consumption.
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of B U S I N E S S S T A T I S T I C S
1975
1974
1976
1975
Nov.
Annual
January 1977
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
31,686
Dec.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND
CEMENT
Shipments, finished cement
CLAY C O N S T R U C T I O N
1
431,516 1367,436
28,346
22,782
17,660
20,484
28,090
33,128
34,468
39,910
38,564
41, 787
38, 936
37,404
6,673.0
99.7
5,854.0
88.5
343.6
5.4
65.3
457.5
8.7
69.2
589.1
8.8
640.8
7.2
589.0
6.4
643.7
6.5
107.8
633.9
7.3
691.6
3.9
658.0
5.2
625.0
3.7
1,189. 9
440.5
7.4
76.5
1,454.1
501.2
5.5
95.9
106.5
100.3
100.0
102.3
107.6
'99.0
92.7
96.9
79.1
5.8
7.3
4.7
4.9
6.5
5.1
4.4
5.8
5.6
5.5
4.8
273.2
235.6
22.9
21.3
21.4
21.1
23.4
'22.7
22.1
143.5
160.5
171.7
173.2
174.3
175.7
178.3
180.7
180.9
t h o u s . $.
543,382
467,994
145,938
153,812
160,072
159,455
do
do
132,541
410,841
76,229
391,765
25,509
120,429
27,852
125,960
24,612
135,460
24,743
134,712
. t h o u s . bbl_.
PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick.
Structural tile, except facing
thous. sh. tons..
Sower pipe and fittings, vitrified
do
Facing tile (hollow), glazed and unglazed
mil. brick equivalent..
Floor and wall tile and accessories, glazed and unglazed
mil. sq. ft..
Price Index, brick (common), f.o.b. plant or
N . Y . dock
1967 = 100.
18.3
168.7
18.5
168.7
19.1
170.1
18.6
170.9
6.0
24.6
175.2
184.6
185.9
GLASS AND GLASS P R O D U C T S
Flat glass, mfrs.' shipments
Sheet (window) glass,shipments
Plate and other flat glass, shipments
Glass containers:
Production}:
280,397
283,055
22,929
19,947
23,843
24,118
26,173
24,693
26,220
26,322
25,080
28,629
24,343
•27, 578
23,867
do
273,709
279,022
20,973
22,212
22,590
21,546
31,382
20,415
24,083
25,270
24,597
27,310
27,740
22, 730
21, 515
do
..do
do
do
24,491
65,631
66,605
22, 568
25,266
64,418
76,835
23,406
1,590
4,747
5,481
2,060
1,643
5,785
6,000
1,937
1,965
4,422
6,402
1,874
2,026
4,429
6,222
1,679
2,907
7,497
6,771
2,620
1,973
4,754
5,824
1,504
2,252
5,324
7,482
1,702
2,307
5,954
6,967
1,955
1,868
5,919
8,009
1,502
2,624
5,886
8,187
1,918
2,915
5,890
7,267
2,038
' 1, 679
' 4, 356
' 6, 875
1,892
1,139
4,935
6,020
1,986
Wide-mouth containers:
Food (Incl. packer's tumblors, Jelly glasses,
and fruit ]nrs)J
thous. gross.
Dnlry products
do
59,709
148
59,180
107
4,687
7
4,448
10
M,936
(3)
4,564
7,763
4,028
4,265
4,935
4,657
Narrow-neck and Wide-mouth containers:
Medicinal mid toilet
do...
Chemical, household and industrial
do...
30,231
4,326
25,775
4,035
2,091
310
2,097
292
2,508
483
2,257
369
3,351
473
2, 045
287
2,517
541
2,761
391
2,305
337
2,624
403
3,075
395
do...
37,500
37,666
40,391
37,666
38,598
40,815
35,483
3:),497
41,626
41,773
41,735
42,468
38,599
Production:
Crude gypsum (exc. byproduct)...thous. sh. t o n s .
Calcined (exc. byproduct)
do_-_
111,999
U0/J93
1
9,751
»9,181
2,773
2,366
865
787
753
883
916
970
880
946
842
991
1,085
959
1,132
1,000
1,047
963
do___
7,424
5,448
1,474
396
335
332
676
484
490
602
646
do
thous. gross.
Shipments, domestic, totalf
Narrow-neck containers:
Food.
Beverago
Beer
._
Liquor and wine
Stocks, end of periodj
6,160
1
4, 996
4,797
2,625
307
2,340
298
• 43, 337 45, 927
G Y P S U M AND P R O D U C T S f
Imports, crude gypsum (exc. byproduct)
Bales of gypsum products:
Uncalclned
Calcined:
I n d u s t r i a l plasters
Building piasters:
Regular basecoat
All other (Incl. Keene's cement)
Board products, t o t a l . . .
Lath
Veneer base
G y p s u m sheathing
Regular gypsum board
T y p e X gypsum board.
Predecorated wallboard
1,150
1,021
5,262
4,878
1,451
379
312
392
430
539
469
473
do...
322
293
79
26
23
27
28
26
25
24
25
25
27
do...
...do...
mil. sq. ft.
do...
do...
...do...
do...
do...
do...
215
416
12, 852
260
359
237
9, 408
2, 421
168
176
360
10,804
182
292
198
8,214
1,790
127
43
85
2,929
49
79
56
2,250
462
33
13
21
901
14
23
17
686
149
12
13
25
864
13
22
17
661
139
12
17
31
1,125
18
32
23
859
177
16
14
29
1,036
14
26
23
795
162
17
13
26
987
14
28
22
757
149
16
15
29
1,144
18
31
26
882
170
18
15
31
1,167
16
34
25
896
178
17
13
31
1,237
17
36
25
953
188
18
12
28
1,196
15
36
25
926
176
18
13
29
1,203
16
32
23
927
186
19
TEXTILE PRODUCTS
FABRIC (GRAY)
Knit fabric production ofl knitting machines (own
use, for sale, on commission), qtrly*
mil. lb_. 2,011.3 1,955.8
505.2
Knltting machines active last working day*...thous..
46.6
47.1
47.1
Woven fabric (gray goods), weaving mills:
Production, total 9 mil. linear yd_. 11,054
882
9,777
834
2 980
Cotton
do
373
352
4,987
4,326
2 388
Manmade
fiber
do
502
474
2 582
5,977
5,356
1,099
1,087
1,099
1,140
1,290
Stocks, total, end of period 9 6*
do
489
488
489
528
560
Cotton
do
605
595
605
606
725
Manmade
fiber
do
2,590
2,590
2,581
2,551
1,797
Orders, unfilled, total, end of period? H_ _.do
1,144
1,144
1,019
1,116
713
Cotton
do
1,414
1,414
1,531
1,403
1,071
Mnnmado
fiber
Ido.-I.
COTTON
Cotton (excluding linters):
Production:
GinningsA
thous. running bales.. < 11,328 *8,151 5,794 7,603 8,055
Crop estimate
thous. net weight bales ©.. M l , 537 s 8,296
6,142
550
2 624
570
6,617
Consumption
thous. running bales.
Stocks In the United States, total, end of period 9
8,706
9,544
10,618
9,
544
11,486
thous. running bales..
8,689
10,608
9,528
9,528
11,476
Domestic cotton, total
do
698
3,573
945
945
2,037
On farms and in transit
I
. do
6,870
6,000
7,431
7,431
8,413
Public storage and compresses
do
1,121
1,035
1,152
1,152
1,026
Consuming establishments
do
' Revised.
1 Annual total; revisions not allocated to the months or quarters. 2 Data
cover 5 weeks; other months, 4 weeks. 3 Effective
January 1976, "dairy products" are
included in "Food, wide-mouth containers." 4 Crop for the year 1974. 5 Crop for the
year 1975.
« Jan. 1 estimate of 1976 crop. 0 Bales of 480 lbs.
•New series. Source: BuCensus. Data cover warp and weft knit yard goods and knit
garment lengths, trimmings, and collars; no quarterly data prior to 1974 are available.
{Monthly revisions for Jan.—Mar. 1975 are available.
9 Includes data not shown
separately.
907
375
522
1,123
488
630
2,605
1,134
1,425
2 466
2622
1,115
472
638
2,723
1,294
1,382
847
356
482
1,090
448
638
2,731
1,277
1,410
369
505
1,068
410
653
2,776
1,224
1,512
559
s 8,151
5 8,296
2 712
542
552
6,194
6,147
360
4,460
1,327
5,244
5,200
208
3,694
1,298
8,058
8,041
710
6,114
1,217
6,922
6,903
284
5, 322
1,297
425.0
43.6
•504.9
'45.7
497.4
48.1
21,086
2 459
2 615
1,112
398
709
2,597
1,108
1,455
4,301
4,258
176
2,838
1,244
2
654
258
389
1,132
397
729
2,422
1,002
1,387
845
343
491
1,177
419
754
2,230
923
1,275
374
573
3,704
445
"524
""2" 626"
528
3,594
3,545
150
2,215
1,180
12,825
12,781
9,861
1,842
1,078
1,019
' 2 418
2 590
1,167
408
'755
2,088
925
1,130
11,768
11,731
9,401
1,406
924
335
499
1,217
424
788
2,026
895
1,099
7,661
9,894
610,557
10,859 10,297
10,826 10,266
3,498
7,005
2,980 ' 5,912
841
'856
9,656
9,627
1,247
7,462
918
d*Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
toweling, and blanketing, and billed and held stocks of denims.
^Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, toweling,
and blanketing.
ACumulative ginnings to end of month indicated.
fBeginning Jan.
1976, data are shown on a monthly basis.
January 1977
UKKJtiJNT J3U$JINKS
SUKV
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
1976
1975
Nov.
Annual
S-39
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
TEXTILE PRODUCTS—Continued
COTTON AND MANUFACTURES—Con.
Cotton (excluding linters)—Continued
Exports
thous running bales
5,170
Imports
thous. net-weight (I) bales
46
Price (farm), American upland
cents p e r l b .
142.7
Price, Strict Low Middling, Grade 41, staple 34
(1MO, average 10 markets
cents per lb_. U 1 . 7
Spindle activity (cotton system spindles):
Active spindles, last working day, total
mil..
17.3
3,840
50
151.1
176
1
49.5
237
6
49.6
214
3
50.5
141
3
51.7
381
37
52.8
302
9
50.2
327
3
57.1
315
6
68.0
276
3
71.4
274
1
60.4
342
5
64.5
217
26
62.5
265
0
'65.2
P66.0
158.0
50.9
55.1
57.2
57.0
55.5
57.2
62.1
72.7
78.7
73.2
72.3
77.0
76.5
73.1
17.1
17.1
17.1
17.1
17.2
17.1
17.1
17.1
17.1
17.0
16.9
16.9
17.0
8.4
.418
4.1
2 9.4
.378
2 4.4
8.7
.435
4.0
8.6
.428
3.9
2 10.8
.431
2 5.0
8.5
.426
3.9
8.6
.432
4.0
»10.5
.422
2 4.9
6.9
.344
3.1
8.2
.410
3.7
2 9.7
.388
2 4.5
8.3
'.413
3.7
16.9
r7 4
7.9
.395
'3.4
7
ft n
Spindle hours operated, all fibers, total.
bil
106.2
Average per working day.
_
__do
.408
Consuming 100 percent cotton. __
__do
55.5
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.).
mil. lin. yd
4,714
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod
3 13.8
Inventories, end of period, as compared with
avg. weekly production
No. weeks' prod.. 3 3.9
Ratio of stocks to unfilled orders (at cotton
mills), end of period
3 .30
Exports,rawcotton equiv thous.net-weight(Dbales 531.5
Imports, raw cotton equiv
_
do
568.4
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Filament yarn (acetate)
mil lb
361.6
Staple incl tow (rayon)
do
645 4
Noncellulosic, except textile glass:
4
Yarn and monofilaments
do
3 431 1
Staple, incl. t o w . . .
_
_
do
2,780. 6
Textile glass
fiber
do
682.9
Fiber stocks, producers', end of period:
Filament yarn (acetate)
mil lb
39 2
Staple incl tow (rayon)
do
73.9
Noncellulosic fiber, except textile glass:
4
Yam and monofilaments
do
390. 7
Staple incl tow
do
Textile glass
fiber
do
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total 9
mil. lin. y d . .
Filament yarn (100%) fabrics 9 —
-do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics
do
Spun yarn (100%) fab., exc. blanketing 9-do
Rayon and/or acetate fabrics, blends
do
Polyester blends with cotton
do
Filament and spun yarn fabrics
do
Manmade fiber gray goods, owned by weaving
mills:
Ratio, stocks to unfilled orders, end of period
Prices, manufacturer tomfr., f.o.b. mill:*
50/50 polyester/carded cotton printcloth, gray,
48" 3 90 yds /lb 78x54 56
$ per yd
65% poly./35% comb. cot. broadcl., 3.6 oz/sq yd,
45", 128x72, gray-basis, wh. permpresfin.
$ per yd
Manmade fiber knit fabric prices, f.o.b. mill:*
65% acetate/35% nylon tricot, gray, 32 gauge, 54",
3.2 oz./linear yd
$ per yd
100% textured polyester D K jacquard, 11 oz./
linear yd 60" yarn dyed
finished
$ per yd
M a n m a d e fiber manufactures:
Exports, manmade fiber equivalent
mil. lbs__
Yarn, tops, thread, cloth
do
Cloth, woven
do
Manufactured prods., apparel, furnishings.do
Imports, manmade fiber equivalent .
.do
Yarn, tops thread cloth
do
Cloth, woven
do
Manufactured prods., apparel, furnishings.do
Apparel, total
do
K n i t apparel
do
W O O L AND M A N U F A C T U R E S
Wool consumption, mill (clean basis):
Apparel class
mil lb
Carpet class
do
Wool imports, clean yield
do
Duty-free (carpet class)
do
Wool prices, raw, shorn, clean basis, delivered to
U.S. mills: c?
Domestic—Graded territory, 64's, staple 2 % "
a n d up
cents per l b . .
Australian, 64's, Type 62, duty-paid
do
Wool broadwoven goods, exc. felts:
Production (qtrly.)mil. lin. y d . .
93.2
.352
46.5
4,095
r
1,200
1,164
A
12.5
15.9
13.3
12.9
14.0
14.6
13.6
12.3
17.6
12.0
12.3
11.9
11.3
•5.9
4.9
5.5
5.0
4.8
4.6
4.6
4.1
3.9
5.7
4.3
4.3
4.6
4.9
40
41.6
69.5
34
39.9
77.5
.38
42.8
75.7
.37
41.6
60.9
.32
54.6
76.1
.31
48.0
69.6
.30
41.1
57.9
.32
47.8
61.3
.32
39.0
55.5
.36
39.0
51.7
.35
45.8
51.6
.38
57.5
48.0
.43
45.6
57.7
17 4
28.3
17 5
27.5
314. 2
296.5
305.3
289.6
.50
488.3
487.1
301.3
370 9
82.7
132 0
81.8
116 6
79.0
115 9
65.8
121.8
3,197.2
2,676.8
546.5
925.8
854.7
156.2
901.6
851.9
159 2
797.2
807.0
164 9
742.4
827.4
175.9
18.6
51.2
18.6
51.2
20 4
50 7
18 4
37 1
18 0
27.6
321.3
98 1
280.6
234.7
101.7
280.6
234.7
101.7
364 0
296.4
95 2
348.4
285.6
86 3
' 331. 7
303.8
76 0
5,923.3
1,962.7
431.5
346.0
3,308.8
294.5
2,381.2
329.8
5,278.3
1,688. 0
325.3
279.0
3,036.5
172.4
2,359.5
257.1
1505.1
462.0
82.7
63.2
877.4
51.9
690.9
83.0
1,593.2
521.2
91 5
81.8
5 930 4
51 6
732 0
66.6
'1,561.8
501.4
93 5
88.9
r 897 8
r
45 5
r
691 4
r
84 7
1,484. 3
498.4
97.4
96.7
832.9
45.6
642.9
87.0
3.20
3.33
.24
T
r
.27
.28
.27
.26
.28
.29
.34
.38
.39
.403
399
.419
.425
421
.429
.428
.415
.418
.414
.409
.658
.665
678
.706
.725
738
.738
.738
.758
.767
.760
.768
.518
.503
.483
.458
.433
406
.393
.378
.350
.340
.341
.343
1.834
1.824
1.696
.26
.25
24.0
1,045
1,157
»12.3
8
7 *\
1.936
1.899
1.866
1.866
1.846
390.73
224.11
150 34
166.63
371.25
76 22
55. 71
295.03
251.98
175 34
323.73
188.43
142.89
135.30
400.38
69.23
54.02
331.14
2^9.00
194. 89
28.62
16.37
12.57
12.24
34.99
6.73
5.31
28.26
24.50
16.59
28.55
16.92
12.50
11.64
33.67
6.37
5.08
27.30
23.00
14.24
26.13
15.44
10.95
10.69
36.38
7.28
5.66
29.10
24.27
15.57
27.22
15.77
10.99
11.45
29.56
5.57
4.43
23.98
20.47
12.94
32.09
18.54
13.65
13.55
36.71
6.82
5.05
29.89
25.68
15.31
29.11
16.54
12.52
12.58
35.57
6.80
5.33
28.77
24.48
14.80
30.14
17.35
11.85
12.79
38.84
6.23
4.74
32.61
28.66
18.52
29.91
16 87
12 17
13.05
47.48
6 89
5.24
40.59
35.84
23.47
25.99
14.76
9.59
11.23
54.32
8.12
6.18
46.19
41.70
27.06
25.59
13. 91
9.69
11.68
46.68
7.18
5.52
39.50
34.41
21.32
31.78
17.78
12.28
14.00
41.67
7.55
6.00
34.12
29.88
16.94
30.76
17.91
12.24
12.85
33.50
6.40
4.96
27.10
23.28
11.63
31.33
18.12
11.83
13.21
33.95
7.45
5.64
26.50
21. 89
10.70
74 9
18.6
26.9
15.2
94.1
15.9
33.6
17.0
7.8
1.3
4.0
1.9
2 9.3
2 1.3
4.4
1.5
8.9
1.2
5.8
1.2
8.7
1.2
5.3
1.2
2 12.0
2
1.4
5.6
2.1
9.1
.9
5.9
1.7
8.8
1.0
4.7
1.3
11.1
2 1.4
3.9
2.0
7.3
.9
4.8
2.1
7.6
1.4
5.7
1.7
-2 9.3
2 1.8
4.6
1.7
7.9
1.2
4.0
.8
7.5
1.3
3.3
1.3
176.0
242.8
150.2
205.8
172.5
206.0
177.5
205.0
177.5
205.5
177.5
206.0
173.5
176.2
177.5
212.4
177.5
213.5
182.5
213.5
182.5
216.5
187.5
224.2
192.5
232.5
192.5
224.0
81.0
78.9
21.7
26.0
-26.4
22.1
939.1
834.0
221.7
221.7
234 7
234 9
20,476
190 264
30, 519
17,182
4,367
18,427
173 385
32,100
18, 323
4, 292
3
187. 5
227.3
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other), shipments, quarterly
.mil. s q . y d s . .
APPAREL
Women's, misses,' junior's apparel cuttings:*
Coats
thous. u n i t s . .
Dresses
do
Suits (incl Dant suits inmnsnits')
do
Blouses
thous. dozen..
Skirts.. . .
do
r
3
2,028
10 685
2,120
1,738
464
1,578
12,134
1,656
1,471
468
1,785
14, 981
1,760
1,531
732
!
2
Revised.
p Preliminary.
Season average.
For 5 weeks, other months, 4 weeks.
Monthly average.
* Effective Sept. 1976 SURVEY, data omit production and stocks of
saran
and spandex yarn; for 1975, such production totaled 11.7 mil. lbs.
5
Effective 1976, production of blanketing is included in 100% spun yarn fabric; prior to 1976
production of such fabric (totaling 15.5 mil. yd., 4th qtr. 1975) is included in "all other
group," not shown separately.
9 Includes data not shown separately.
0 Net-weight (480-lb.) bales.
cf Effective Jan. 1976, specifications for the price formerly designated fine good French
1,858
16, 570
2,024
1,909
665
2,118
20 219
2,550
2,039
884
2,012
17 925
2,215
2,052
884
2,242
16 679
1,719
1,544
721
2,672
16 560
2, 394
1,738
787
1,918
12,651
1,918
1,340
756
2,181
14,330
2,014
1,464
815
combing and staple have been changed as shown above. Effective with the May 1976 SURVEY
the foreign wool price is quoted including duty.
* New series. Apparel (BuCensus)—Annual totals derived from firms accounting for 99%
of total output of these items; monthly estimates, from smaller sample. Coats exclude all
fur, leather, and raincoats. Suits omit garments purchased separately as coordinates. Except
for the year 1974, earlier monthly data are available, except for suits. Prices (USDL, BLS)—
Data not available prior to 1976.
Unless otherwise staled in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
January 1977
1976
1975
1975
Annual
L1 i i U
OF (UUKJ
SUK
S-40
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May-
June
1,364
1,137
9,096
1,135
2,611
20,003
1,362
1,152
9,010
1,241
2,723
22,373
July
Aug.
Sept.
Oct.
Nov.
Dec.
TEXTILE PRODUCTS—Continued
APPAREL—Con.
Men's apparel cuttings:
Suitsi
thous. units__
Coats (separate), dress and spoilt
do
Trousers (separate), dress and sport t
do
Slacks (jeans-cut), casual:):
thous. doz..
Shirts, dress, sport, inc. knit outerwear?
do
Hosiery, shipments
thous. doz. pairs..
i 16,754
118,558
1156,559
112, 294
136,498
217,905
a
»12,976
°i10,634
1117,178
i 12,167
i 32,013
225,514
1,364
1,227
816
875
8,009
1,088
2,561
19,070
2,149
16,853
6,667
968
1,478
1,052
9,567
1,017
2,629
17,790
1,396
1,024
8,831
1,056
2,736
17,654
1,453
1,020
10,224
1,321
2,853
20,811
1,246
1,055
9,641
1,117
2,823
19,022
783
813
6,220
965
2,007
21,384
1,282 r 1, 308 1,339
1,082 r 1,218
1,468
7,519 «• 7,559 8,484
1,052 r 1,144
1,140
2,646
2, 675 2,690
22,034 21,017 20,954
1,187
1,178
7,612
939
2,524
19,719
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. total
mil. $..
U.S. Government
do
Prime contract
do
Snles (net), receipts, or billing.*, qtrly. total --do
U.S. Government
do
32,704
19,390
30, 239
26, 849
15,196
28,995
18,593
26,647
29,473
17,314
7,990
5,269
7,580
7,508
4,446
6,699
4,791
6,236
7,350
4,318
8,316
4,244
7,317
!, 356
5,092
10,363
5,186
9,536
',632
4,849
Backlog of orders, end of period 9
do
U.S. Government
do...
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, onglncs, propulsion units, and parts
mil. $_.
Other related operations (conversions, modifications), products, services
mil. $_.
35,516
20,889
15, 489
3, 902
35,038
22,168
15,389
3,503
35,038
22,168
15,389
3,503
34,387
22,641
14,139
3,777
34,347
21, 789
14,149
3,068
37,078
22,130
16,210
3,644
Aim-aft (complete):
Shipments
Alrframe weight
Exports, commercial
do
thous. lb_.
mil. $..
6, 643
6,415
6,415
6,160
5,554
5,159
3,591
4,071
4,071
4,026
5,205
5, 215
5,062
60,480
3,200
301.2
3,677
177.7
456.2
5,512
224.7
264.5
3,162
160.1
306.1
3,926
229.0
437.2
4,780
258.8
507.5
5,294
213.9
493.9
5,324
321.9
414.3
4,452
422.7
324.5
3,400
289.6
288.3
3,085
259.5
204.0
2,678
120.1
• 402.1
• 3, 928
295.6
427.3
4,060
223.0
7,331
6,721
8,867
7,454
1,413
6,713
6,073
8,640
7,053
1,587
605.9
538.4
744
655
89
8.8
7.6
1.2
579.5
528.2
701
600
102
9.4
8.0
1.4
647.4
606.1
588
91
9.6
8.4
1.2
682.0
630.1
758
651
107
10.2
8.8
1.4
834.5
767.9
947
816
131
10.8
9.4
1.4
789.0
724.4
914
788
126
10.3
8.9
1.4
775.6
711.0
922
794
128
10.2
8.6
1.6
850.1
786.4
956
830
127
10.0
8.7
1.3
558.8
524.4
865
737
128
10.1
8.7
1.4
518.4
483.1
762
616
146
10.5
8.9
1.6
652.1
595.2
792
645
147
9.9
8.2
1.7
690.8
628.6
869
731
138
9.4
7.6
1.9
766.1
701.5
841
721
120
9.4
7.9
1.5
1,672
1,755
1,419
1,508
2.6
1,443
1,530
2.4
1,419
1,508
2.3
1,520
1,486
2.1
1,567
1,472
2.0
1,587
1,475
1.9
1,609
1,491
2.0
1,608
1,467
2.0
1,660
1,501
2.1
1,455
1,436
2.0
1,394
1,547
2.1
1,415
1,509
2.2
1,364
1,468
2.3
1,423
1,510
2.3
thous.. 600.90
640. 30
do
516.59
550.81
do
2,572.6 2,074. 7
do
817.6
733.8
1
do
* 8,701 <8,262
do
n 1,369 * 1,501
74.21
64.90
179.64
66.41
4632. 6
480.7
69.02
70.13
65.01
45.45
51.87
59.49
61.42
62.48
35.38
54.84
44.32
43.95
215. 93 242.63 197.78 250. 65 252.62 221.88
85.21
62.15
77.01
70.05
74.70
61.93
* 820. 9 4 676. 7 4 634.5 8763. 9 »883.7 '914.0
4 100. 7
4 87.3 •102.4 »130. 2 U17.8
64.11
56.88
261.67
90.27
4936.9
4127. 2
4,976
65,573
3,360
J
MOTOR VEHICLES (NEW)
Passenger cars:
Factory sales (from U.S. plants), total
thous..
Domestic
do
Retail sales, total, not seasonally adj
do
Domestics A
do
ImportsA
do
Total, seas, adjusted at annual ratef
...mil..
DomesticsA t
do
TmportsA t
do....
Retail inventories, end of mo., domestics:A
Not seasonally adjusted
thous.
Seasonally adjusted!
do
Inventory-retail sales ratio, domestics A t
Exports (BuCensus), assembled cars
To Canada
Imports (BuCensus), complete units
From Canada, total
Registrations©, total new vehicles
Imports, incl. domestically sponsored
Trucks and buses:
Factory sales (from U.S. plants), total
thous_.
2,727
Domestic
do
2,470
Retail sales, seasonally adjusted:*
Light-duty, up to 14,000 lbs. GVW.
do
2,183.9
Medium-duty, 14,001-26,000 lbs. GVW
do_...
224.1
Heavy-duty, 26,001 lbs. and over GVW.._do
178.6
Retail inventories, end of period, seasonally adjusted*
thous..
597.6
214. 44
Exports (BuCensus), assembled units
do
Imports (BuCensus), including separate chassis
660.1
and bodies
thous.
Registrations©, new vehicles, excluding buses not
produced on truck chassis
thous.. »«2, 657
Truck trailers and chassis, complete (excludes de207,883
tachables), shipments
..
.number
Vans
d o . . . . 137,479
Trailer bodies (detachable), sold separately....do.... 116,359
14,922
Trailer chassis (detachable), sold separately...do
679
39.58
31.56
32.42
27.84
174.79 168. 90
44.47
50.54
4939. 2 4 848.1
4129. 2 4 136. 3
195.8
175.6
193.4
170.6
208.6
191.8
232.2
214.0
275.8
252.1
268.2
244.0
267.2
243.1
291.3
267.4
261.1
243.9
249.8
231.2
230.9
210.8
208.3
191.4
242.4
222.3
2,076. 0
168.9
106.1
192.1
13.1
8.0
217.8
14.0
8.5
232.2
13.2
8.3
245.4
14.2
8.5
226.8
12.6
9.4
213.4
12.8
230.8
13.9
9.5
226.4
13.5
11.0
241.2
14.8
10.8
251.4
16.2
13.3
211.0
11.2
9.2
217.3
12.7
10.1
485.7
223.47
500.6
15.29
210.2
11.3
7.8
501.6
479.0
15.42
479.7
15.84
497.7
17.22
516.4
20.02
529.0
18.54
662.8
19.91
564.1
16.21
652.9
14.81
583.5
13.72
539.9
544.9
14.67
69.24
60.12
466.3
38.70
4 2,397
4191.4
58.65
4241. 2
4205. 0 «194. 6
14.98
80.04
70.65
71.65
56.33
62.03
74.99
3271. 0
»276.8
4280.9
4286.6
4 285. 9
4 26C. 3
8,087
4,673
523
236
9,428
5,297
470
481
8,175
4,731
413
474
9,360
5,412
186
549
9,288
5,636
419
446
' 9,170
5, 714
'428
••576
10,375
*, 765 4,078
4,144
3,495
1,262
2,083
1,262
2,083
25,247 23,549
19,695 18,580
2,965
2,555
1,552
1,202
22,193
17, 284
3,391
2,841
4,984
4,584
23,783
19,024
3,960
3,458
6,427
5,227
26,082
20,625
3,906
3,434
4,273
4,073
26,549
21,364
4,103
3,680
2,494
2,494
24,839
20, 077
1,345
8.7
99.05
73.65
1,341
1,341
9.0
99.04
73.84
1,340
9.1
98.70
73.66
1,339
8.9
98.92
73.74
5,220
3,129
436
25
8,105
4,704
837
32
8,694
5,532
1,071
214
8,682
5,156
907
298
73,063
39, 774
i 8,072
2,936
4,904
2,719
967
181
72,367
65,845
34,184
32,259
40,135
34,025
5,757
5,022
3,214
3,014
'45,941
38,793
7,426
6,388
4,049
4,049
40,135
34, 025
5,102
4,429
4,275
1,525
39,172
30,985
4,787
4,069
1,587
1,587
35,817
28,348
5,555
4,819
1,867
1,666
32,161
25,227
5,118
4,401
1,782
1,782
28,794
22,577
1,359
8.6
99.09
72.89
1,358
8.6
98.81
72.77
1,359
8.6
99.09
72.89
1,364
8.7
99.43
72.91
1,362
8.7
99.65
73.14
1,351
8.5
1,347
8.5
98.87
73.38
807
695
112
10.9
9.3
1.6
1,465
1,554
2.0
56.21
4 252.6
2 233.8
67.54
80.05
»233. 3
5,725
3,503
1,020
161
714. 0
59.95
69.38
53.64
49.53
56.88
47.15
173.10 157.63 208.02
54.35
75.51
67.10
44 749.3 4 797.0 4 762.7
143. 3 4 129.2 4130. 3
2,272
2,003
20.27
2
4 240. 9
6,249
421
1,199
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all railroads
and private car lines (excludes rebuilt cars and
cars for export):
Shipments
number.. » 67,038
Equ 1 pment manufacturers
.do
i 63, 243
1
New orders
d<
97, 929
Equipment manufacturers
_
do
i 85, 276
do.
90, 216
Unfirled" orders, end of period
79,009
Equipment manufacturers
do..
Freight cars (revenue), class 1 railroads (AAR):§
Numher owned, end of period
thous.
1,375
Helrt for repairs, % of total owned
6.4
Capacity (carrying), total, end of mo..mil. tons..
98.32
Average per car
tons..
71.49
r
l
Revised.
v Preliminary.
Annual total includes revisions not distributed
by
4
months.
2 Estimate of production, not factory sales.
3 Excludes 2 States.
Excludes
1 State.
1 Annual figures, "Apparel 1975," MA-23A(75)-1. Survey expanded and classification
changed; not comparable with data prior to 1974.
9 Total includes backlog for nonrelated products and services and basic research.
tRevised seasonally adjusted data (1971-74) are shown on p. 5 of the Mar. 1976 SURVEY.
ADomestics include U.S.-type cars produced in the United States and Canada; imports
cover foreign-type cars and captive imports, and exclude domestics produced in Canada.
73.28
1,344
8.4
98.85
73.54
1,343
8.5
98.78
73.55
74.01
©Courtesy of R. L. Polk & Co.; republicaticn prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
*New series. Source: Motor Vehicle Manufacturers Assn. of the U.S. (seas, adjustment
by BEA). Sales exclude figures from a few small producers. Motor coaches are not covered.
Sales include imports of U.S. manufacturers only (all other imports are not covered). Stocks
are as reported by six manufacturers. Therefore the levels of sales and stocks are not strictly
comparable. Units refer to complete vehicles and to chassis sold separately. Gross vehicle
weight refers to the weight of the vehicle with full load. Seasonally adjusted monthly data
back to 1971 are available.
° Excludes leisure-type; not strictly comparable with 1974.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
1-7
8, 9
10,11
11-13
Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communication
13-17
17-22
22-24
24,25
Industry:
Chemicals and allied products
Electric power and gas.
Food and kindred products; tobacco
Leather and products
25, 26
26
27-30
30
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
31-34
34-36
36,37
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
11,16
Aerospace vehicles
40
Agricultural loans
17
Air carrier operations
24
Air conditioners (room)
34
Aircraft and parts
7,40
Alcohol, denatured and ethyl
26
Alcoholic beverages
11,27
Aluminum
33
Apparel
1,4,8,9,11-16,40
Asphalt
35,36
Automobiles, etc
1,4-6,8,9,11,12,20,23,24,40
Banking
Barley
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 incorporations (new), failures
Business sales and inventories
Butter
17,18
27
34
28
9,11,22 23,27
5-7
20, 21
33
38
4,6,
7,11 31,38
10,11
10
7
5
27
Cattle and calves
28
Cement and concrete products
9, 11.38
Cereal and bakery products
9
Chain-store sales, firms with 11 or more stores. ..
13
27
Cheese
Chemicals
4,6,9,14-16,20,23, 25,26
30
Cigarettes and cigars
Clay products
9,38
Coal
4,9,23, 34,35
23,29
Cocoa
23,29
Coffee
35
Coke
34
Combustion, atmosphere, heating equipment
Communication
2, 20,25
Confectionery, sales
29
Construction:
10
Contracts
10,11
Costs
Employment, unemployment, hours, earnings.. 13-16
1
Fixed investment, structures
Highways and roads
10,11
Housing starts
10
Materials output indexes
11
New construction put in place
10
Consumer credit
18
Consumer expenditures
1
Consumer goods output, index
4
Consumer Price Index
8
Copper
33
Corn
27
8
Cost of living (see Consumer Price Index)
Cotton, raw and manufactures
8,9,22 38.39
Cottonseed oil
30
Credit, short- and intermediate-term
18
Crops
3,8,27,28 30,38
Crude oil
4, 35
Currency in circulation
20
Dairy products
3,8,9,27
Debits, bank
17
Debt, U.S. Government
19
Deflators, GNP
.'.....'.....'.'
2
Department stores, sales, inventories
12,13
Deposits, bank
17,20
Dishwashers
."......
34
Disputes, industrial
16
Distilled spirits
27
Dividend payments, rates, and yields. ......
2,3,20,21
Drugstores, sales
12,13
3a
Earnings, weekly and hourly
15,16
Eating and drinking places
12,13
Egg* and poultry
3,8,9,29
Electric power
4,9,26
Electrical machinery and equipment
5-7,
9,14,15,20,23,24,34
Employee-hours, aggregate, and indexes
15
Employment
13,14
Expenditures, U.S. Government
19
Explosives
26
Exports (see also individual commodities).... 1,3,22-24
Failures, industrial and commercial
7
Farm income, marketings, and prices
2,3,8,9
Farm wages
16
Fats and oils
9,23,29,30
Federal Government
finance
19
Federal Reserve banks, condition of
17
Federal Reserve member banks
17
Fertilizers
9,25
Fire losses
11
Fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products
1,4,6,8,9,14-16,20,22,23,27-30
Foreclosures, real estate
11
Foreign trade (see also individual commod.)
22-24
Freight cars (equipment)
40
Fruits and vegetables
8,9
Fuel oil
35,36
Fuels
4,8,9,23,34-36
Furnaces
34
Furniture
5,9,12-15
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross national product, price deflators
Gross private domestic investment
Gypsum and products
4,9,26
1,35
38
26
19
8,9,22,27,28
12,13
1
2
1
9,38
12
Hardware stores... .
9,34
Heating equipment.
Hides and skins....
9,30
Highways and roads.
10,11
Hoogs.
28
Home electronic equipment
9
Home Loan banks, outstanding advances
11
Home mortgages
11
Hosiery
40
Hotels and motor-hotels
25
Hours, average weekly
15
Housefurnishings
1,4,5,8, 11,12
Household appliances, radios, and television sets.
4,
8,9, 12,34
10
Housing starts and permits
Imports (see also individual commodities)... 1,3,23,24
Income, personal
2,3
Income and employment tax receipts
19
Industrial production indexes:
By industry
4,5
By market grouping
4
Installment credit
13,18
Instruments and related products
5,6,14,15
Insurance, life
19
Interest and money rates
18
International transactions of the United States . . .
3
Inventories, manufacturers* and trade
5-7,11,12
Inventory-sales ratios
5
Iron and steel
5,9,11,20, 23,31,32
Labor advertising index, stoppages, turnover
16
Labor force
13
Lamb and mutton
28
Lead
33
Leather and products
4,9,14-16,30
Life insurance
19
Livestock
3,8,9, 28
Loans, real estate, agricultural, bank (see also
Consumer credit)
11,17,18
Lubricants
35,36
Lumber and products
5,9,11,12,14,15,20,31
Machine tools
34
Machinery
5-7,9,14,15,20,23,24,34
Mail order houses, sales
12
Manmade fibers and manufactures
9,39
Manufacturers* sales (or shipments), inventories,
orders
5-7
Manufacturing employment, unemployment, production workers, hours, earnings
14-16
Manufacturing production indexes
4,5
Margarine
29
Meat animals and meats
3,8,9,22, 23,28,29
Medical and personal care
8
Metals
4-7,9,14,15,20,22,23,31-33
Milk
27
Mining and minerals
2, 4,9,14-16, 20
Monetary statistics
19, 20
Money supply
20
Mortgage applications, loans, rates
11,17-19
Motor carriers
24
Motor vehicles
1,4-6,8,9,11,20,23,40
National defense expenditures
1,19
National income and product
1,2
National parks, visits
25
Newsprint
23,37
New York Stock Exchange, selected data
21,22
Nonferrous metals
5-7,9,20,23,33
Noninstallment credit
18
Oats
Oils and fats
Orders, new and unfilled, manufacturers*
Ordnance
27
9,23,29,30
7
14,15
Paint and paint materials
Paper and products and pulp
9,26
4,6,
9,14-16,20,23,36,37
Parity ratio
8
Passenger cars
1,4-6,8,9,11,12,20,23,24,40
Passports issued
25
Personal consumption expenditures
1
Personal income
2,3
Personal outlays
2
Petroleum and products
4,6,
8,9,14,15,20,23,35,36
Pig iron
31, 32
Plant and equipment expenditures.
2
Plastics and resin materials
26
Population
13
Pork
28,29
Poultry and eggs
3,8,9,29
Price deflators, implicit, GNP
2
Prices (see also individual commodities)
8,9
Printing and publishing
4,14-16
Private sector employment, hours, earnings
13-16
Profits, corporate
2,20
Public utilities
2,4,10,20,21,26
Pulp and pulp wood
36
Purchasing power of the dollar
9
Radio and television
4,11,34
Railroads
2,16,17,21,24,25,40
Ranges
34
Rayon and acetate
39
Real estate
11,17,19
Receipts, U.S. Government
19
Recreation
8
Refrigerators
34
Registrations (new vehicles)
40
Rent (housing)
8
Retail trade
5,7,12-16,18
Rice
28
Rubber and products (inch plastics)
4,6,
9,14-16,23,37
2
17
20
20-22
1,8, 14-16
28
9, 12,30
19
30
39
23, 31,32
31
20
21,22
5, 6,9,14,15, 20,38
23,29
25
25
25
Saving, personal
Savings deposits
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Silver
Soybean cake and meal and oil
Spindle activity, cotton
Steel (raw) and steel manufactures
Steel scrap
Stock market customer financing
Stock prices, earnings, sales, etc
Stone, clay, glass products
Sugar
Sulfur
Sulfuric acid
Superphosphate
Tea imports
29
Telephone and telegraph carriers
25
Television and radio
4,11,34
Textiles and products
4,6,9,14-16,20, 23,38-40
Tin
33
Tires and inner tubes
9,12,13,37
Tobacco and manufactures
4,6,8,14,15,30
Tractors
34
Trade (retail and wholesale)
5,11,12,14-16
Transit lines, urban
24
Transportation
1,2,8,14-16,20-22,24, 25
Transportation equipment
5-7,14,15,20,40
Travel
24, 25
Truck trailers
40
Trucks (industrial and other)
34,40
Unemployment and insurance
13,17
U.S. Government bonds
?1
U.S. Government
finance
™
U.S. International transactions
3
Utilities
2,4,8,10,21,22,26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Veterans' unemployment insurance
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat
Wholesale Price Indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc.
flour
34
12,13
23,29,30
8,9
17
2,3,15, 16
34
34
*g
.»,9
5,7,11,14-16
J6
y
» *»
33
UNITED
GOVERNMENT
STATES
PRINTING OFFIC
D.C.
2O4O2
Fresher • Bigger
US. INDUSTRIAL OUTLOOK
Fundamental facts about business distilled
from the research and analyses of more
than 100 business conditions experts.
For those who need a feel for what is
happening in the industries their business depends upon.
An overview of U.S. business that
shows where the action is expected
and where the opportunities lie.
Latest data on product and industry
shipments, exports, imports, employment, with historical data for
perspective and projections to
1985.
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