Full text of Survey of Current Business : January 1984
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JANUARY 1984
/ VOLUME 64 NUMBER
OF
THE BUSINESS SITUATION
1
National Income and Product Accounts Tables
15
Plant and Equipment Expenditures, 1984
26
State and Local Government Fiscal Position in 1983
30
State Quarterly Personal Income, 1981:1-1983:111
3S
U«S» Department of Commerce
Malcolm Baldrige / Secretary
Sidney L* Jones / Under Secretary^
designate for Economic Affairs
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
Managing Editor: Patti A. Trujillo
Staff Contributors to This Issues Lorna M. Aldrich, Leo M.
Bernstein, Robert Brown, Edwin J. Coleman, Douglas R.
Fox, Erie E. Johnson, J. Steven Landefeld, Daniel J.
Larkins, David J« Levin, Franek O, MeFaul, Eugene P,
Seskin, George M» Smith
CURRENT BUSINESS STATISTICS
General
SI
Industry
S19
Footnotes
S33
Subject Index (.Inside Back Cover}
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the BUSINESS SITUATION
EAL GNP increased at an annual
R
rate of 4 /2 percent in the fourth quarx
ter of 1983. The slowing from the very
strong increases in the second and
third quarters was in final sales, especially residential investment and net
exports, and in inventory investment
(chart 1). Prices as measured by the
GNP fixed-weighted
price index increased 4x/2 percent at an annual
rate, about the same as in earlier
quarters of the year.1
Over the four quarters since the recession trough in the fourth quarter
of 1982, real GNP increased 6 percent.
(This period is hereafter referred to as
"recovery" even though real GNP
surpassed its previous peak, and thus
moved from recovery into expansion,
in the third quarter of 1983.) The increase in real GNP over the recovery
was about one-half percentage point
less than that in the first four quar-
1. Quarterly estimates in the national income and
product accounts are expressed at seasonally adjusted
annual rates, and quarterly changes in them are differences between these rates. Real, or constant-dollar,
estimates are expressed in 1972 dollars.
The fourth-quarter GNP estimates are based on the
following major source data: For personal consumption
expenditures (PCE), retail sales, and unit auto and
truck sales through December; for nonresidential fixed
investment, the same information for autos and trucks
as for PCE, manufacturers' shipments of machinery
and equipment for October and November, October
and November construction put in place, and investment plans for the quarter; for residential investment,
October and November construction put in place, and
housing starts for October and November; for change
in business inventories, October and November book
values for manufacturing and trade, and unit auto
and truck inventories through December; for net exports of goods and services, October and November
merchandise trade, and fragmentary information on
^investment income for the quarter; for government
purchases of goods and services, Federal unified
budget outlays for October and November, State and
local construction put in place for October and November, and State and local employment through December; and for GNP prices, the Consumer Price Index
for October and November, the Producer Price Index
for October and November, and unit-value indexes for
exports and imports for October and November. Some
of these source data are subject to revision.
CHART 1
ters of the median of recoveries since
1945, and also of the 1975 recovery
(table 1). (The 1975 recovery is singled
out because it followed a recession
similar to the recent one in depth and
duration.) Final sales increased 4 percent in the 1983 recovery, also about
one-half point less than in the median
and 1975 recoveries. Thus, inventories, as they swung from decumulation to accumulation, contributed
about as much to the change in GNP
in the 1983 recovery as in the median
and 1975 recoveries.
Among the components of final
sales, the increase in personal consumption expenditures (PCE) in the
1983
recovery—SVfe percent—was
about in line with the median recovery and somewhat less than that of
the 1975 recovery. Fixed investment
was up quite strongly in 1983. Both
residential and nonresidential investment registered larger increases than
is typical in the first four quarters of
recovery. Net exports typically decline in the early quarters of a recovery, but the decline in 1983 was much
steeper than in any previous recovery. The increase in exports was
about in line with most recoveries,
but imports were up much more
sharply. The sharper increase in imports can be attributed largely to increased price-competitiveness of imported goods reflecting the strengthening of the U.S. dollar. Government
purchases registered a small decline,
primarily due to the operations of the
Commodity Credit Corporation; typically government purchases increase
somewhat during the first four quarters of recovery.
Table 2 shows an alternative breakdown of real GNP that sheds light on
developments in the various sectors of
the economy in the 1983 recovery.
Product originating in the rest of the
Real Product:
Change From Preceding Quarter
Billion 1972$
40 GROSS NATIONAL PRODUCT
30
20
10
0
-10
-20
-30
-40
20 CHANGE IN BUSINESS INVENTORIES
10
0
-10
Motor Vehicles
-20
20 -PERSONAL CONSUMPTION EXPENDITURES
10
0
-10
-20
20
FIXED INVESTMENT
10
0
111
7*
-10
Residential
-20
10 NET EXPORTS
•M,
-10
10
-10
I
GOVERNMENT PURCHASES
Federal
L2P
T
1980
1981
1982
1983
Based on Seasonally Adjusted Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
34-1-1
SURVEY OF CURRENT BUSINESS
January 1984
labor variables for productivity analysis. This aggregate—nonfarm business
product less housing, shown in line
11—increased 8V2 percent over the
1983 recovery; the increase was slightly less than that of the median recovery and the 1975 recovery.
The addenda to the table shows
motor vehicle output, which is the
value of new autos and trucks produced plus the margin on the sale of
used autos by business. Motor vehicle
output increased $24 ¥2 billion, or
almost 50 percent, over the 1983 recovery. GNP less motor vehicle
output increased 4V2 percent.
Employment and unemployment.—
The improvement in labor markets
since the fourth quarter of 1982 is another dimension of the recovery. Civilian employment, as measured by the
household survey, increased 3.5 million (of which 2.6 million was in the
second half of 1983), or 3.5 percent.
This increase was about three times
the increase in the civilian labor
force, which grew at the slowest rate
in two decades.
The resulting decline in unemployment amounted to 2.3 million from
the fourth quarter of 1982. The civilian unemployment rate declined from
10.6 to 8.5 percent; most of the decline
occurred in the third and fourth quarters (chart 2). This decline was
large—much larger than over the
1975 recovery. Unemployment rates
Table 1.—Change in Real Product Over First Four Quarters of Recovery
[Based on billions of 1972 dollars, seasonally adjusted annual rates]
Median of
preceding
seven
recoveries1
1975 Recovery
1975:1-1976:1
1983 Recovery
1982:IV-1983:IV
Percent
Dollars
Dollars
Percent
Percent
GNP
Final sales . .
Personal consumption expenditures
Fixed investment
Nonresidential
Residential
Net exports
Exports
Imports
.
Government purchases .
6.7
80.9
6.7
89.8
6.1
4.6
56.5
4.6
59.6
4.0
5.4
46.6
6.1
52.6
5.4
9.5
3.6
24.4
11.3
1.3
10.0
7.1
1.1
25.4
33.9
18.4
15.5
16.9
11.5
38.2
2.8
10.5
54
3.6
9.0
3.5
12.5
205
5.0
25.5
3.7
22.5
4.2
1.6
1.6
Change in business inventories
22
-6.5
243
302
1. Median value of preceding seven recoveries. The four quarters of recovery are calculated from troughs in real GNP—
1949:IV, 1954:11, 1958:1, 1960:IV, 1970:IV, 1975:1, and 1980:11.
world, in line 2, is receipts of factor
income less payments of factor
income. Both receipts and payments
increased, but by equal amounts, so
that the net changed little over the
four quarters. Product originating in
households
and institutions, line 4, increased 2l/2 percent; inasmuch as this
sector is not significantly affected by
the business cycle, this increase was
close to the sector's average increase
since the mid-1970's. In line 5, product originating in government, which
is a measure of the services of government employees, showed little change,
reflecting efforts to hold down em-
ployment by the Federal and by State
and local governments. (See "State
and Local Government Fiscal Position
in 1983" later in this issue.) Farm
product, in line 7, was down sharply.
The decline, discussed later in the
"Business Situation," was due to
widespread drought and Federal acreage reduction programs. Nonfarm
business product, which excludes
these sectors, increased more than
GNP over the recovery period—8 percent. The exclusion of housing, which
is product originating in owner- and
tenant-occupied residences, provides
an aggregate that may be related to
Table 2.—Alternative Measures of Production
[Billions of 1972 dollars, seasonally adjusted at annual rates]
Dollars
Line
1983
1982
IV
1 Gross national product
2 Less' Rest-of-the-world
3 Gross domestic product
4 Less* Households and institutions
5
Government
6 Business product
7 Less* Farm
8
Change from preceding quarter
Level
Residual1
9 Nonfarm business product'
10 Less* Housing
11 Nonfarm business product less housing
Addenda:
Motor vehicle output
GNP less motor vehicle output
I
II
III
IV
21.0
20.7
22.3
22.0
I
II
9.4
-1.1
35.0
3
I
IV
III
28.3
17.2
1.6
3
1,458.6 1,469.2 1,504.4 1,531.1 1,548.5
10.6
35.2
26.7
17.4
48.0
156.1
.2
.1
.2
.1
.3
0
.4
.1
46.9
155.8
47.1
155.9
47.3
156.0
47.6
156.0
1,255.9 1,266.1 1,301.2 1,327.5 1,344.4
40.6
39.2
2.0
-.6
37.7
-1.6
10.2
35.5
33.9
-1.4
1.1
1.1
-2.6
35.1
-1.5
26.3
-2.2
16.9
-1.6
Change: 1982:
IV-1983: IV
1983
1983
1,480.7 1,490.1 1,525.1 1,553.4 1,570.5
22.1
Percent change from preceding
quarter at annual rate
II
2.6
-18.9
III
9.7
-5.5
7.6
34.7
IV
4.5
-5.3
Dollars
Percent
89.8
6.1
-.1
.5
2.9
9.9
7.3
4.6
89.9
6.2
2.4
.2
1.4
.1
2.6
0
3.4
.3
1.1
.3
2.3
.2
3.3
-13.7
11.5
-14.2
8.4
-21.4
5.2
-16.8
88.5
-6.7
7.0
165
9
10
2.7
0
1,213.2 1,227.5 1,265.1 1,290.9 1,309.3
14.3
37.6
25.8
18.4
4.8
12.8
8.4
5.8
96.1
149.9
1.3
1.3
1.4
1.6
3.7
3.6
3.9
4.4
5.6
3.9
1,068.9 1,081.9 1,118.2 1,142.6 1,159.4
13.0
36.3
24.4
16.2
4.9
14.1
9.0
6.0
90.5
8.5
75.1
62.5
71.1
59.0
50.7
1,430.0 1,431.1 1,462.6 1,482.3 1,495.4
8.3
1.1
3.5
31.5
8.6
19.7
4.0
13.1
83.9
.3
25.6
9.1
8.6
5.5
4.0
3.6
24.4
65.4
48.1
4.6
144.3
145.6
146.9
148.3
7.9
1. The residual is the constant-dollar equivalent of the statistical discrepancy. For the fourth quarter of 1983, it" is not yet available; it is assumed in this table to be the same i ; in the third
quarter of 1983.
NOTE.—Most dollar levels are found in the National Income and Product Accounts Tables, table 1.6- and most percent changes are found in table 8.1.
SURVEY OF CURRENT BUSINESS
January 1984
Unemployment Rate
CHART 2
1
Percent
11
Percent
1973
1974
1975
1976
1977
1979
1978
1980
1981
1. Civilian.
NOTE.—Business cycle peaks (P), and troughs (T), are turning points in economic activity, as designated by the National Bureau of Economic Research, Inc. Shaded areas represent recessions.
Data: BLS.
U.S. Department of Commerce, Bureau of Economic Analysis
for adult men and adult women declined 2.1 and 1.8 percentage points,
respectively, to 7.8 and 7.2 percent, so
that the differential between them
narrowed. The differential had
reached 0.9 percentage points in the
fourth quarter of 1982, reflecting the
relative concentration of adult men in
cyclically sensitive goods-producing
industries. Teenage unemployment
dropped 3.5 points from the fourth
quarter of 1982 to 20.6 percent in the
fourth quarter of 1983; a slight decline in employment was more than
offset by a sharp decline in the teenage labor force.
Nonfarm payroll employment, as
measured by the establishment series,
increased 2.6 million, or 2.9 percent,
from the fourth quarter of 1982.
About three-fifths of the increase was
in service-producing industries, principally in services; the remainder was
concentrated in durables manufacturing.
Average weekly hours for private
nonfarm production workers increased 0.5 hours from the fourth
quarter of 1982 to 35.2 hours, regaining much of the ground lost during
the recession. In manufacturing, the
increase in regular hours was 0.6
from the fourth quarter of 1982 and
the increase in overtime hours was
1.0.
Productivity and costs.— Table 3
refers to the nonfarm business economy less housing, the sector mentioned
earlier. It shows the 8.5-percent increase in product in the 1983 recovery
and a substantial increase in aggregate hours—4.7 percent—that was
suggested by the improvement in employment and average weekly hours.
The combination yielded a 3.6-percent
Table 3.—Real Gross Product, Hours, and Compensation in the Nonfarm Business Economy Less
Housing: Percent Change
[Based on seasonally adjusted estimates]
Change from preceding quarter
at annual rates
1983
I
II
III
IV
Change:
1982:
IV-1983:
IV
4.9
.9
8.0
14.1
6.1
10.8
9.0
6.8
10.9
6.0
5.0
9.3
8.5
4.7
9.7
4.0
i7.1
2.9
7.6
4.5
2.9
2.1
3.9
1.7
1.0
4.1
3.1
3.6
4.9
1.1
1. Increases in employer contributions for social security and for unemployment insurance accounted for 1.1 percentage points
of the increase in the first quarter of 1983.
NOTE.—For estimates for 1980-82, see table 12, page 16, of the July 1983 SURVEY OF CURRENT BUSINESS.
1982
1983
increase in productivity as measured
by real product per hour. This increase represents substantial improvement over the poor performance of
the last few years, but such improvement is typical of recovery periods.
For example, in the first four quarters of the 1975 recovery, productivity
increased about 5 percent. (The difference in the increases in the 1975 and
1983 recoveries is primarily due to
the larger increase in aggregate hours
in the latter; the increase in product
in the 1983 recovery was only slightly
smaller than in the 1975 recovery.)
Unit labor cost was up only 1.1 percent from the fourth quarter of 1982
to the fourth quarter of 1983, much
less than increases ranging from 7 to
11 percent in the preceding 3 years.
Increases in unit labor cost typically
slow in recoveries. However, the increase in 1983 appears particularly
small; for example, the increase in
the 1975 recovery was about 2 percent. The 1983 performance contributed substantially to sustaining the low
rate of inflation in final product
prices.
Prices. —GNP prices as measured by
the fixed-weighted price index increased 4x/2 percent at an annual rate
in the fourth quarter (table 4). Prices
increased at similar rates in each
quarter of 1983—down from higher
rates of increase in recent years—so
that the increase over the recovery
period was also about 4x/2 percent.
SURVEY OF CURRENT BUSINESS
Prices paid by domestic purchasers
for the goods and services they buy—
whether produced in the United
States or abroad—increased at an
annual rate of 4 percent in the fourth
quarter. In that quarter, and in earlier quarters of 1983, the export-import
price relationship as measured in
terms of fixed-weighted price indexes
moved in favor of the United States;
the prices of exports increased while
the prices of imports declined or increased less. As a result, prices paid
by domestic purchasers increased less
than GNP prices, by amounts ranging
up to 1 percentage point. Over the
1983 recovery, these prices increased
3l/2 percent.
Price increases for most GNP components continued to decelerate from
the highs reached in 1979 and 1980
(chart 3). The deceleration was less
obvious for the more volatile components—food and energy within PCE
(and within GNP), and residential investment. Abnormal weather, which
disrupted the marketing of crops and
livestock, added volatility to food
prices.
Food prices in PCE increased
2J/2 percent from the fourth quarter
of 1982 to the fourth quarter of 1983,
compared with increases of 3 percent
and 5 percent over the four quarters
of 1982 and 1981, respectively. Decontrol of oil and deregulation of natural
gas, coupled with weather conditions,
continued to cause wide fluctuation in
energy prices. Energy prices in PCE
declined 1 percent over 1983, compared with increases of 2 percent and
12% percent over 1982 and 1981, respectively.
Prices of residential investment increased 5 percent over 1983, after a
slight decline over 1982;
over 1981,
they had increased I1/* percent. The
1983 increase can be traced to strong
increases in the price of nonfarm
structures in the first and third quarters. The calculation of price changes
for nonfarm structures is based, in
part, on changes in the calculated
average sales price of the kind of new
one-family house sold in 1977. Using
the hedonic technique, the reported
average sales price of a house is adjusted each period to remove the effects of changes in the mix of characteristics of houses actually sold. These
characteristics include size, location,
and amenities.
January 1984
Components of Real GNP
The components of real GNP registered sharply divergent movements in
the fourth quarter of 1983 (table 5).
The following sections discuss developments in these components and
measures related to them in the context of the 1983 recovery.
lIHMlilik^
CHART 3
Fixed-Weighted Price Index:
Change From Preceding Quarter
Percent
20
GNP
10
PERSONAL CONSUMPTION EXPENDITURES
Table 4.—Fixed-Weighted Price Indexes: Change From Preceding Quarter
[Percent change at annual rates; based on index numbers (1972=100), seasonally adjusted]
19 33
II
I
III
IV
10 GNP
3.4
4.3
4.7
4.5
Equals: Final sales .
3.4
4.3
4.7
4.6
3.2
-3.8
26
-6.3
39
1.5
62
-.5
2.7
3.4
4.5
4.0
1.6
2.1
-17.8
51
4.9
5.1
68
45
4.4
— 11
86
55
4.5
34
17
53
46
_.l
3.8
11.4
4.0
12
-1.0
1.2
-2.6
2.6
47
16
1.3
8.0
5.3
oo
Less* Exports
Plus: Imports
Equals* Final sales to domestic purchasers
Personal consumption expenditures
Food
Energy
Other personal consumption expenditures
Other
Nonresidential structures .
Producers' durable equipment
Residential
Government purchases
.
;
.
14
12
3.8
40
GNP less food components
GNP less energy components
GNP less food and energy components
FIXED INVESTMENT
10
34
-19.4
54
16.5
6
98
47
21
3.4
5.1
5.4
4.1
3.5
32
56
4.4
52
45
4.7
47
1. Inasmuch as GNP is the sum of final products, the food and energy estimates in this table do not take into account the
effect on the prices of final products of changes in the prices of the food and energy that are costs of production.
2. Consists of all components for which separate estimates are prepared. The major component that is not included is
purchases of food by the Federal Government other than transactions by the Commodity Credit Corporation that are treated like
purchases.
3. Consists of all components for which separate estimates are prepared. The major components that are not included are (1)
exports of energy; (2) the gasoline and motor oil portions of inventories of gasoline service stations, and (3) the energy portions of
inventories of businesses that do not produce energy for sale.
NOTE.—Most index number levels are found in the National Income and Product Accounts Tables, table 7.2.
-20
20
Producers' Durable Equipment
Addenda:
Food and energy components of GNP:1
Food components 2 3
Energy components
-10 -
Residential'
-10
I I I I I I I I I I I I I I I I I I I
1979
'80
'81
'82
'83
Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
s<
SURVEY OF CURRENT BUSINESS
January 1984
Personal consumption expenditures
Michigan's Index of Consumer Sentiment jumped early in 1983 to the
highest levels in over a decade.
Against this background, consumers
have stepped up their spending rate—
that is, reduced their saving rate—
from recession levels.
The quarter-to-quarter volatility of
the PCE increases had several
sources. Among them, weather conditions and sales incentive programs for
motor vehicles appear to have been
especially important. Unusual weather conditions—a mild winter, a cool
spring, a summer heat wave, and, finally, severe cold in December—affected expenditures for home heating
and cooling. Sales incentive programs
probably influenced the quarterly pattern of motor vehicle purchases. The
programs featured financing at inter-
Real PCE increased 6V2 percent at
an annual rate in the fourth quarter—another strong quarter in the
1983 pattern of widely varying increases. Over
the recovery, PCE increased 5!/2 percent. The strength reflected several general factors. Real
disposable personal income was up 5
percent over the four-quarter period,
with stronger increases in the second
half. Consumer wealth was boosted by
increases, beginning in 1982, in the
value of financial assets. As employment increased and the unemployment rate declined, concern over job
security lessened. These and related
developments appear to underlie the
marked improvement in consumer attitudes in 1983. The University of
Table 5.—Real GNP: Change From Preceding Quarter
[Percent change at annual rates; based on millions of 1972 dollars, seasonally adjusted at annual rates]
198 3
GNP
Durables
Motor vehicles and parts
Furniture and household equipment
Other durables
Nondurables
Food 1
Energy
Clothing and shoes
Other nondurables
... .
9.7
7.6
4.5
6
68
51
3.5
29
10.0
22
6.5
7.6
2.7
9.7
32.6
66.5
15.7
3.7
-.3
7.9
4.4
15.4
19.1
12.4
13.1
1.4
3.2
4.0
6.4
2.5
10
Services 2
Energy
Other services
-1.0
....
Gross private domestic fixed investment
Nonresidential
Structures
Producers' durable equipment
Autos and trucks
Other
15.9
14.8
.
....
189
1.0
6.4
3.6
8.0
3.7
101
5.6
2.8
-9.6
10.7
196
4.0
4.5
42.1
4.8
.6
5.8
.3
12.5
8.8
21.5
22.7
14.9
7.9
28.5
1.3
-14.9
19.8
19.1
20.0
18.7
11.1
22.0
65.6
15.1
22.3
10.1
27.6
35.2
26.2
57.3
79.5
35.9
2.4
8.2
266
3.7
-3.2
-7.0
— 185
-3.5
10.1
-4.1
18.1
152.6
16.9
84
33.7
37.6
-23.9
43.2
25.0
44
-27
5.0
Residential
10.2
1.4
154
2.3
-1.5
-13.9
~
IV
2.6
Final sales
Personal consumption expenditures
III
II
I
4.0
-5.2
Net exports of goods and services
Exports
Merchandise
Agricultural
Nonagricultural
Other
.
... .*,,-, ,,,,,,,,
Imports
Merchandise
Petroleum
Nonpetroleum
Other
State and local
1.7
12.1
25.0
-73.4
36.6
26.8
26.2
224.5
20.0
117
88
Government purchases of goods and services
Federal
National defense
Nondefense
Commodity Credit Corporation
Other
—4.5
11
226
2.4
202
.6
10.8
-18.0
-2.8
4.6
0
-6.8
-52.6
-23.5
16.9
-34.5
6.5
...
284
3.7
114
9.8
184
7.7
-1.8
74
.9
0
-2.2
43
6.9
2.7
.1
Change in business inventories
1. Gasoline and oil, and fuel oil and coal.
2. Electricity and gas.
NOTE.—Percent changes in major aggregates are found in the National Income and Product Accounts Tables, table 8.1. Dollar
levels are found in tables 1.2, 1.15, 1.17, 3.8B, and 4.4.
est rates that were varied from 1 or 2
percentage points up to 5 percent
points below market rates.
In the fourth quarter, durables
were the strongest PCE category, as
they were over the entire 1983 recovery. They increased 15% percent at
an annual rate in the fourth quarter
and 14 percent over the four-quarter
period. Purchases of furniture and
household equipment again were up
substantially in the fourth quarter,
continuing the uptrend that began
after the turnaround in residential investment in 1982. Purchases of motor
vehicles were a major factor in the
quarterly volatility of durables. In the
fourth quarter and in the second,
these purchases registered large increases following little or no change
in the preceding quarter. Both new
autos and trucks were up in 1983. By
the fourth quarter, sales of new passenger cars (which include sales to
business as well as to persons)
reached 9.9 million (seasonally adjusted annual rate), up from 8.4 million a
year earlier. The increase was spread
across all domestic size categories and
imports.
Nondurables increased 5x/2 percent
at an annual rate in the fourth quarter, showing somewhat more strength
than they had over the entire recovery. Purchases of clothing and shoes
registered a fourth-quarter increase of
19V2 percent at an annual rate. The
erratic pattern in 1983 included little
change in the first quarter, an increase in the second roughly as large
as that in the fourth, and a decline in
the third. However, over the period
from the fourth quarter of 1982, the
increase only slightly exceeded that
for PCE as a whole. Energy purchases
declined in the fourth quarter after
earlier, albeit decelerating, increases.
Purchases of gasoline declined after
no change in the second and third
quarters. Poor driving conditions due
to the unusually harsh December
weather in much of the country contributed to the fourth-quarter decline.
Purchases of fuel oil declined after increases in the second and third quarters. In response to fuel oil prices that
were below 1982 levels, consumers rebuilt their inventories to higher-thanusual levels in the spring and
summer. As a result, the unusual
fourth-quarter heating needs could be
SURVEY OF CURRENT BUSINESS
met by drawing down inventories
rather than by stepping up purchases.
Services increased 4*/2 percent at an
annual rate in the fourth quarter,
also showing somewhat more strength
than they had over the entire recovery. Purchases of electricity and natural gas were up sharply—12V2 percent—in the fourth quarter, partly
due to the severe cold in December in
much of the country.
Residential investment
Residential investment registered a
slight decline in the fourth quarter.
Even with that decline, it increased
38 percent over the last four quarters.
This increase was larger than the increases over the first four quarters of
any of the preceding seven recoveries.
Construction of single-family units,
which accounted for 40 percent of
total residential investment a year
ago, accounted for 60 percent of the
four-quarter increase. Increases in
single-family construction were largest in the first two quarters of 1983,
and increases in multifamily construction were largest in the second
and third quarters. In the fourth
quarter, singles slipped somewhat and
multis were unchanged. The "other"
component of residental investment—
which includes mobile home sales, additions and alterations, and brokers'
commissions on the sale of new and
existing residences—registered relatively small gains during the year.
Starts of both singles and multis
surged early in the year, raising total
starts from an average of 1.3 million
(annual rate) in the fourth quarter of
1982 to 1.7 million in the first quarter
of 1983 (chart 4). During the first half
of 1983, singles fluctuated around an
average level of 1.09 million and
multis around an average level of 0.6
million. In the second half, singles
slipped, but multis continued to increase. For the year as a whole, total
starts were 1.7 million, the highest
level since 1979.
Sales of new and existing residences
also were up sharply in 1983. Sales of
new one-family houses increased
through spring, fell during the
summer, and then increased again in
the autumn. Sales for January-No-
January 1984
m
CHART 4
Housing Starts
Millions of Units
2.5
1979
1980
1981
1982
1983
Seasonally Adjusted at Annual Rates
Data: Census.
U.S. Department of Commerce, Bureau of Economic Analysis
CHART 5
Selected Interest Rates
1980
1981
Data: FRB, FHLMC.
U.S. Department of Commerce, Bureau of Economic Analysis
1982
1983
1984
January 1984
vember averaged 616,000 (annual
rate), about 50 percent higher than in
the same period of 1982. Sales of existing single-family homes generally
increased during the first half of the
year and then drifted down during
the second half. For January-November, sales averaged 2,707,000, almost
40 percent higher than in the same
period in 1982.
Mortgage markets.—Throughout the
year, financial conditions were generally supportive of the increase in residential investment. Mortgage commitment rates, for example, drifted
steadily lower during the first part of
the year, continuing a decline from
17% percent in early 1982 (chart 5).
Rates turned up a little in late May;
in July-December, they fluctuated
around 13V2 percent.
The increase in mortgage rates
after May, small though it was, might
have depressed housing more if adjustable rate mortgages (ARM's) had
not been available. On average, the
initial interest rate on ARM's was
about 11/2 percentage points less than
the rate on fixed-rate mortgages. In
May, after more than a year of declining mortgage rates, ARM's accounted
for 26 percent of all mortgage closings
at savings and loan associations
(S&L's). The share increased steadily
during the rest of the year; by November, it reached 63 percent. (For all
major mortgage lenders, ARM's share
of mortgage closings reached 55 percent in November.)
The introduction of money market
deposit accounts (MMDA's) in December 1982 did much to hold funds in
S&L's (and other depository institutions) for mortgage lending. In that
month, $36 billion flowed into these
accounts at S&L's, and by March,
MMDA balances were over $100 billion. These balances remained close to
that amount through September.
Much, but not all, of the funds placed
in MMDA's came from other deposits
at S&L's. For the first 11 months of
1983, net new deposits received (exclusive of interest credited) amounted to
$59 billion; during the first 11 months
of 1982, in contrast, net new deposits
received had been a negative $17 billion.
S&L mortgage activity was vigorous. During January-November,
SURVEY OF CURRENT BUSINESS
S&L's made commitments to originate
mortgages of $121 billion, almost
three times the amount during the
comparable period in 1982. Because of
the lag between commitments and
closings, and because some commitments were not "taken down," S&L
mortgage closings increased less than
commitments. Nevertheless, closings
were 160 percent higher during the
first 11 months of 1983 than during
the same period in 1982. A notable
feature of S&L mortgage loans closed
in January-November 1983 was the
high proportion (18.4 percent) that refinanced outstanding mortgages. In
January-November 1982, 13.6 percent
had been used for this purpose.
HBaBBHBHBHBBBH
CHART 6
Nonresidential Fixed Investment
in Business Cycles
Percent of reference trough
NONfflESIOENTIAL, FIXED INVESTMENT
Nonresidential fixed investment
Real nonresidential fixed investment increased 22l/2 percent at an
annual rate in the fourth quarter and
surpassed its previous peak. With the
fourth-quarter increase, this form of
investment was HVk percent above its
level at the business cycle trough in
the fourth quarter of 1982; in the preceding seven recoveries, in contrast, it
was typically—i.e., as measured by
the median—7^ percent above its
business cycle trough after four quarters (chart 6).2
All of the strength in nonresidential fixed investment since the business cycle trough can be attributed to
producers' durable equipment (PDE).
As the bottom panel of chart 6 shows,
structures continued to decline for
two quarters after the trough. Four
quarters after the trough—i.e., in the
fourth quarter of 1983—they remained 2l/2 percent below the trough
level. PDE, in contrast, turned up immediately after the business cycle
2. This section uses business cycle troughs as designated by the National Bureau of Economic Research
(NBER) in cyclical comparisons; table 1 uses troughs
in real GNP. Although the fourth quarter of 1982 was
a trough in both the NBER cycle and in real GNP,
several of the earlier NBER troughs differ from the
troughs in real GNP. These differences in trough
dates account for the difference between the 3V2-percent median increase indicated for nonresidential
fixed investment in table 1 and the TVfe-percent increase indicated here.
Chart 6 is an adaptation of a type of chart frequently published in Business Condition Digest (BCD). For
more information, see "How to Read Cyclical Comparison Charts," BCD, July 1983, p. 106.
100
90
-4
-
3
-
2
-
1
0
1
2
Quarters from reference troughs
U.S. Department of Commerce, Bureau of Economic Analysis
3
4
8
trough and increased much faster
than is typical of the early stages of a
recovery. In the fourth quarter of
1983, PDE was 18 percent above its
business cycle trough; this performance was stronger than in any of the
preceding seven recoveries except the
one following the 1949 trough.
All PDE product categories shown
in table 6 registered strong increases
during 1983. Quarterly increases in
"high-technology" PDE during 1983
were in a narrower range—81/2 to
23x/2 percent at annual rates—than
the increases in other product categories, and yielded a somewhat smaller
four-quarter increase. The increase
for high-technology PDE was less
than the increases in other categories
partly because high-technology PDE
is not as cyclically sensitive.
In contrast, "transportation equipment" registered the largest fourquarter increase among the product
categories; the quarterly changes
varied widely, from a small decline to
a 50-percent annual rate increase.
Trucks, which accounted for about 30
percent of transportation equipment
at the business cycle trough, accounted for almost 70 percent of the category's four-quarter increase. Most of
the increase in trucks occurred in the
third and fourth quarters, as sales of
high-value heavy trucks picked up.
From the business cycle trough to the
fourth quarter of 1983, unit sales of
new trucks (which includes sales to
persons as well as to business) increased sharply, from 2.7 million to
3.6 million (annual rates).
Despite increases in the third and
fourth quarters, structures remained
below their business cycle trough.
Most of the components of structures
declined during the first two quarters
of 1983, and, of the major components, only two registered sizable increases after that. Commercial buildings other than offices accounted for
one-half of the third-quarter increase
in structures; public utility structures
accounted for the entire fourth-quarter increase. Office buildings leveled
out after dropping in the first and
second quarters, and industrial buildings declined in each quarter.
Inventories
Businesses added to real inventories
in the fourth quarter, as they had in
January 1984
SURVEY OF CURRENT BUSINESS
Table 6.—Nonresidential Producers' Durable Equipment
Billions of 1972 dollars; seasonally
adjusted annual rate
1983
1982
Nonresidential producers' durable equipment
High technology
Heavy industrial
Tran sportation
Other
Percent change from
preceding quarter at annual
rate
1983
IV
I
II
III
IV
108.3
109.6
114.7
120.5
128.1
51.5
19.3
20.5
17.0
52.9
19.5
21.3
15.9
55.7
20.1
21.2
17.7
56.9
21.7
23.5
18.4
II
HI
IV
5.0
19.8
22.0
27.6
12.0
60.0
3.1
22.9
16.2
25.0
20.2 -23.3
22.8
13.8
16
51.2
8.7
37.3
50.0
18.0
23.3
23.0
29.1
45.8
I
NOTE.—High technology equipment consists of: office and store equipment (including computers), communications equipment,
photographic instruments and scientific and engineering instruments. Heavy industrial equipment consists of: general and special
industrial machinery, fabricated metals and metalworking equipment, steam and internal combustion engines, and electrical
transmission and distribution equipment. Transportation equipment consists of: passenger cars, trucks, aircraft, railroad
equipment, and ships and boats. Other equipment includes: furniture and fixtures, agricultural and construction machinery,
service industry and mining and oilfield machinery, and other electrical equipment, less sale of equipment scrap (excluding autos).
Table 7.—Change in Business Inventories
[Billions of 1972 dollars; seasonlly adjusted at annual rates]
Change from preceding
quarter
Level
1983
1982
I
IV
Change in business inventories
-22.7 -15.4
Farm
Nonfarm
Manufacturing
Wholesale trade
Retail trade
Other
-.3
-1.6
-21.1
-15.1
-13.6 -12.3
-6.7
-2.4
3.1
41
.8
-1.0
II
-5.4
-2.1
1983
III
3.8
-5.0
IV
I
7.5
7.3
-4.2
1.3
II
10.0
-1.8
III
9.2
-2.9
IV
3.7
.8
-3.3
8.8
11.7
6.0
11.8
12.1
2.9
-.8
-2.9
1.7
-1.3
1.4
4.1
3.8
-.5
1.3
4.2
5.9
.3
1.3
-4.3
7.2
1.8
11.5
3.8
-1.4
2.1
2.2
7.0
2.1
.8
-.1
.1
2.1
.8
NOTE.—Dollar levels are found in the National Income and Product Accounts tables, table 5.9.
the third (table 7). In contrast, a
sharp reduction in inventories, which
got underway during the recession,
had extended, with progressively
smaller reductions, into the first half
of 1983. Inventories contributed positively to the change in real GNP in
each quarter of 1983, with the smallest contribution in the fourth. Since
the trough in real GNP, inventories
accounted for $30 billion of the $90
billion recovery in real GNP.
Farm inventories were reduced $4
billion in the fourth quarter, the seventh consecutive quarter of reduction.
Inventories had built up as a result of
the bumper crops of the 2 preceding
years; Federal acreage reduction programs and the summer's drought led
tp the reduction in 1983.
Nonfarm inventories were up $liy2
billion in the fourth quarter, following a smaller addition in the third, as
restocking got underway in the wake
of earlier sharp reductions. The additions were almost across-the-board by
industry group, but concentrated in
trade; the bulk of the addition was in
durables. Motor vehicle inventories—
wherever held—accounted for about
one-third of the additions in the third
and fourth quarters. In manufacturing, the small additions appear to represent a restocking of materials and
supplies; finished goods inventories,
particularly in durables, were being
drawn down.
Despite the additions to inventories,
and reflecting the strength in final
sales, the aggregate inventory-sales
ratios held about steady in the fourth
quarter. The ratio of constant-dollar
business inventories to total business
final sales was 3.02, down from 3.18 in
the fourth quarter of 1982. It had averaged 3.27 in the first three quarters
of that year. The ratio of nonfarm
business inventories to final sales of
goods and structures was 4.27, down
from 4.49 in the fourth quarter of
1982 and its average of 4.62 in the
first three quarters of 1982.
Net exports
Real net exports declined sharply in
the fourth quarter. The decline accounted for $9 billion of the $20% billion decline since the fourth quarter
of 1982. In the fourth quarter of 1983,
January 1984
as over the four-quarter period, the
decline was concentrated in merchandise and was largely due to increases
in imports. These increases were
widely spread across end-use categories and, in most categories, they
were steady.
Terms of trade.—The terms of trade
moved irregularly higher, from 84.6
to 89.8, over the period since the
fourth quarter of 1982 (chart 7). The
BEA series on terms of trade—shown
each quarter among the "Reconciliation and Other Special Tables," usually in the March, June, September,
and December issues of the SURVEY
OF CURRENT BUSINESS—is calculated
as the ratio of the implicit price deflator for total exports to the implicit
price deflator for total imports. The
improvement in the terms of trade occurred as the import deflator moved
irregularly lower while the export deflator moved steadily higher. Over
this period the improvement was 6
percent, about three-fourths due to
the increase in the export deflator
and one-fourth due to the decline in
the import deflator. Within the
import deflator, the deflator for petroleum dropped sharply in the first half
of 1983. If the effect of petroleum imports is excluded, the improvement
would have been only 3 percent; this
3-percent improvement largely reflected the appreciation of the dollar.
Changes in the terms of trade do
not directly increase or decrease real
production as measured by GNP, but
such changes do increase or decrease
the quantity of foreign goods and
services the United States can purchase. This effect is taken into account in series that may be called
"command over goods and services resulting from current production."
These series are obtained by using an
alternative to the conventional procedure used by BEA to obtain deflated
net exports. (The conventional procedure is to deflate current-dollar exports by export prices and currentdollar imports by import prices, and
subtract the latter from the former.)
For the "command" counterparts of
the BEA production measures, the
procedure used is to deflate currentdollar net exports by the implicit
price deflator for total imports. (This
procedure is the equivalent of deflating current-dollar exports by the im-
SURVEY OF CURRENT BUSINESS
CHART 7
Terms of Trade and Net Exports
of Goods and Services
Index 1972 = 100
100
TERMS OF TRADE
90
80
7fll
I I I I I I I I I I I I
Billion 1972 $
10-
-10-
1978
1979
1980
1981
1982
1983
Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
84-1-7
plicit price deflator for imports.)
Other price indexes could have been
used; the choice among
indexes is
somewhat arbitrary.3 Command GNP
and the conventional GNP thus differ
by the former's inclusion of net exports calculated in this way (and
shown in the lower panel of chart 9
as "command" net exports) and the
latter's inclusion of net exports calculated in the conventional way (and
shown in the chart as "GNP" net ex3. See Edward F. Denison, "International Transactions in Measures of the Nation's Production," SURVEY
OF CURRENT BUSINESS 61 (May 1981):17-22.
ports). The effect of the improvement
in the terms of trade appears as the
difference between the rates of increase in command GNP and conventional GNP. Since the fourth quarter
of 1982, command GNP increased 6 1 /2
percent, about one-half percentage
point more than conventional GNP.
Government purchases
Real government purchases declined 2x/2 percent at an annual rate
in the fourth quarter; they had also
declined in each quarter of 1983
except the third. Over the four quarters, they declined 2 percent. Federal
purchases accounted for the fourthquarter decline and for most of the
decline since the GNP trough.
In Federal purchases, national defense purchases were up 7 percent at
an annual rate, somewhat more than
over the 1983 recovery as a whole.
Sharp changes in nondefense purchases in the fourth quarter—a decline of 34V2 percent—and in earlier
quarters of 1983 were largely due to
Commodity Credit Corporation (CCC)
purchases. In the national income and
product accounts (NIPA's), CCC loans
to farmers on their crops add to CCC
inventories and are treated as Federal
purchases; redemptions of the crops
by farmers, and also the transfer of
crops to farmers under the paymentin-kind (PIK) program, reduce CCC inventories and
are treated as negative
purchases.4 (The PIK program is discussed in "Farm Product and Income"
later in the "Business Situation.") In
the fourth quarter, a CCC inventory
reduction of $3 billion was the net of
$1 billion of regular additions to CCC
inventories and $4 billion of PIK reductions. A third-quarter addition to
CCC inventories of almost $1 billion
was the net of $2 billion of regular additions and $1 billion of PIK reductions. Thus, the change in Federal
purchases from CCC operations was a
negative $3Va billion in the fourth
quarter. Other Federal nondefense
4. In the National Income and Product Accounts
Tables, tables 3.7B and 3.8B were expanded in July
1983 to show the CCC inventory change separately.
This component includes the loan and redemption activity of the CCC in support of agricultural prices.
SURVEY OF CURRENT BUSINESS
10
January 1984
purchases again changed only moder- gram. (The PIK subsidy payments
ately in the fourth quarter, up 2% offset the reduction of CCC inventories due to PIK, so that PIK transpercent.
State and local purchases were un- actions have no effect on total Federchanged in the fourth quarter, in part al expenditures.) Changes in these
reflecting the fiscal restraint that components, together with other
held down purchases over the last few smaller and partly offsetting changes,
years. In the third quarter, purchases resulted in an increase of $14 Vk bilof structures had increased substan- lion in total expenditures.
Among receipts, the increase of
tially, apparently reflecting the beginning of the use of grant funds from $7% billion in personal tax and
the 5-cents-a-gallon increase in the nontax payments was largely due to
Federal expise tax on gasoline effec- the increase in the tax base. In the
tive April 1. Structures were down in third quarter, increases in the tax
the fourth quarter, however, but their base had been more than offset by
decline was offset by increases in the legislated tax cuts, so that personal
taxes had declined. Indirect business
other noncompensation components.
taxes were again down slightly due to
The Federal sector.—Changes in declines in the windfall profit tax.
current-dollar Federal receipts and Contributions for social insurance
expenditures on a NIPA basis are were up $4 billion. Estimates of corposhown in table 8. In current dollars, rate profits, and thus of corporate
the fourth-quarter decline in pur- profits tax accruals, are not yet availchases just referred to amounted to able. It is quite likely that profits
$2x/2 billion. Transfer payments were before tax—i.e., book profits—and
up $4 billion after a decline in the thus profits tax accruals declined; the
third quarter; the shift was partly due declines reflected a drop in inventory
to slowing declines in regular and ex- profits and the continued impact of
tended unemployment benefits. Net accelerated depreciation patterns esinterest paid registered a sizable in- tablished under the Economic Recovcrease, although not as large as in the ery Tax Act of 1981. If a decline in
third quarter. These increases mainly profits tax accruals is assumed, total
reflected the higher interest rates receipts probably increased $5-10 bilpaid on Federal securities. An in- lion.
With the $14 Vk billion increase in
crease of $9V2 billion in subsidies less
the current surplus of Government expenditures and an increase of this
enterprises was more than accounted size in receipts, the deficit on a NIPA
for by subsidies paid to farmers, in- basis increased from the $187 billion
cluding those paid under the PIK pro- registered in the third quarter.
Table 8.—Federal Government Receipts and Expenditures, NIPA Basis: Change From Preceding
Quarter
[Billions of dollars, based on seasonally adjusted annual rates]
19 B3
Receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
I
II
10.7
29.3
-7.4
6.6
-17.4
-5.3
IV
III
n.a.
7.4
6.4
.3
9.2
11.2
.7.4
— .4
36
-.2
40
— 14.2
12.0
13.8
145
Purchases of goods and services
National defense
Nondefense
-57
3.6
.2
5.0
44
1.8
26
25
50
76
Transfer payments
-4.5
—35
.6
91
4.1
-8
.
••
Expenditures
-9.3
.8
.7
Net interest paid
-4.2
Less* Wage accruals less disbursements .
<
Surplus or deficit ( ), national income and product accounts
n.a. Not available.
NOTE.—Dollar levels are found in the National Income and Product Accounts Tables, table 3.2.
-.1
24.9
4.1
-4.8
6.7
.9
34
-.4
-1.2
17.2
68
na
38
47
96
9
4
—21.2
n.a.
Personal Income
Personal income was up sharply in
the fourth quarter, following strong
increases in the third and second
quarters and a moderate increase in
the first (table 9). Over the four quarters of recovery since the GNP
trough, personal income increased 7Vfc
percent; over the four previous quarters of recession, personal income had
been up only 4x/2 percent.
Wage and salary disbursements increased substantially in each quarter
of 1983. Employment and average
hours, as noted earlier, as well as
earnings, were up strongly. The most
striking improvements were in wages
and salaries in manufacturing and in
the other commodity-producing industries, which were up sharply after declines in the previous year. In manufacturing, the improvement was concentrated in durables; in the other
commodity-producing industries, it
was mainly in construction. In the
distributive industries, quarterly increases generally were larger than in
1982. A deceleration in the third
quarter of 1983 and an acceleration in
the fourth reflected the impact of a 3week strike in August by telephone
workers. In the service industries and
in government, wages and salaries in
1983 continued to increase at about
their recent trend rates. Some of the
quarterly fluctuations in government
wages and salaries were accounted for
by the timing of special payments
that were made to Postal Service employees.
Farm proprietors' income declined
in the first three quarters of 1983, in
part due to the impact of drought in
many agricultural areas of the Midwest and South. A fourth-quarter
jump was mainly due to subsidies
under the payment-in-kind (PIK) program. The decline in farm income
since the fourth quarter of 1982 was
considerably smaller than that over
the preceding four quarters. (See the
discussion later in the "Business Situation.") Nonfarm proprietors' income
increased strongly in the beginning of
1983, but, as the year progressed, the
increases slowed. The pattern largely
reflected the course of residential construction activity.
Personal interest income was up
sharply in the second half of 1983, fol-
January 1984
lowing four quarters of decline. The
turnaround was due to increases in
holdings of personal financial assets
and to higher interest rates. (See
chart 5; the 3-month Treasury bill
rate is representative of the course of
short-term rates.)
Over the past four quarters, transfer payments increased much less
than they had over 1982. Unemployment insurance benefits fell off as the
economy picked up and laid-off workers were rehired. The increase in
social security benefits slowed in 1983
because the cost-of-living increase
usually effective in July was postponed until January 1984. A cost-ofliving increase in Federal employee
retirement benefits did boost transfer
payments in the second quarter.
The large quarterly increases in the
"other income" component in table 9
were mostly accounted for by other
labor income, which picked up in response to improving economic conditions. Rental income of persons was
up in the fourth quarter, after having
SURVEY OF CURRENT BUSINESS
11
been reduced in the third by a $2 billion loss due to damage to residential
property from hurricane Alicia.
Personal contributions for social insurance, which are subtracted in deriving the personal income total, continued to increase steadily. These contributions were raised $2x/2 billion in
the first quarter due to an increase in
the social security taxable wage base.
Despite sizable increases in the taxable wage base resulting from the economic recovery, the increase in personal tax and nontax payments over
the past four quarters was small. In
the first quarter, personal taxes were
reduced $14 ¥2 billion under various
provisions of the Economic Recovery
Tax Act of 1981 (ERTA). In the third
quarter, the final stage of reduction
in income withholding rates under
ERTA amounted to $29% billion. In
the second and fourth quarters, when
the impact of legislation was small,
taxes were up sharply due to the
growth in the wage base.
CHART 8
Table 9.—Personal Income and Its Disposition
[Billions of dollars; based on seasonally adjusted annual rates]
Change from preceding quarter
1983
Wage and salary disbursements
Manufacturing
Other commodity-producing
Distributive
Services
Government and government enterprises
Proprietors' income
Farm
Nonfarm
Personal interest income
Transfer Davments
Other income
Personal income
Less* Personal tax and nontax payments
Impacts of legislation
Other
..
Equals: Disposable personal income
Less: Personal outlays
I
II
III
24.7
8.1
1.1
2.9
7.9
4.7
37.7
12.0
1.6
7.9
10.9
5.4
33.6
11.8
3.8
4.6
9.1
4.2
34.7
9.4
2.6
10.3
9.5
3.0
130.7
41.2
9.1
25.7
37.4
17.3
4.4
-3.9
8.3
6.6
-1.2
7.8
-.5
-5.5
5.0
12.9
9.8
3.2
23.5
.7
24.2
12.8
11.0
17.9
.
.
.
.
Equals* Personal saving
IV
58
1
5
6.8
28
6.6
7.0
7.0
3.7
Less" Personal contributions for social insurance
Change:
1982: IV1983: IV
2.1
1.9
4.9
10.6
1.8
8.5
31.2
9.6
25.8
55.9
48.2
72.5
202.2
24
-10.7
8.3
10.8
-2.4
13.3
125
-25.4
12.8
10.5
-2.3
12.8
6.5
408
47.2
28.1
45.1
60.7
62.0
195.8
27.2
75.3
36.4
54.2
193.1
30.2
24.3
.9
7.8
2.7
0
1.6
Addenda: Special factors in personal income—
Cost-of-living increases in Federal transfer payments
Social security base and rate changes (in personal contributions for social
insurance)
Subsidies to farmers
Postal Service special payments
.2
1.0
.4
1.2
-.2
1.1
.1
2.5
25
-1.7
9.7
-1.2
Disaster damage
-1.9
1.9
Telephone strike
-3.3
3.3
9.0
0
.5
0
Personal Saving Rate
Percent
81
1980
1981
1982
1983
NOTE.—Personal saving as a percentage of disposable personal income;
based on seasonally adjusted annual rates.
U.S. Department of Commerce, Bureau of Economic Analysis
84-1-8
Disposable personal income picked
up sharply in the first half of the
year and registered strong increases
in the second half. The strength carried through to real income, as increases in PCE prices were moderate.
Increases in real disposable personal
income accelerated from 3 percent at
an annual rate in the first quarter to
ll/2 percent in the fourth. Over the
four quarters of recovery, real disposable personal income increased 5 percent, following no change over the
preceding four quarters. Over the
first four quarters of the 1975 recovery, it had increased 6l/2 percent, following a 2-percent decline.
Primarily due to sharp fluctuations
in personal outlays, changes in personal saving moved within a wide
range in 1983. The personal saving
rate fell from 5.4 percent in the first
quarter to 4.0 percent—its lowest
level in more than three decades—in
the second. By the fourth quarter, the
saving rate had moved back up to 5.1
percent (chart 8).
Farm Product and Income
As noted earlier, the farm sector, as
measured by real gross farm product,
was the only sector that declined over
the period since the GNP trough in
the fourth quarter of 1982. For the
year 1983, this measure—which is the
product, or value added, originating
in farming—was $36% billion, down
from the bumper crop years of 1981
and 1982 (table 10).
12
January 1984
SURVEY OF CURRENT BUSINESS
Table 10.—Farm Output, Gross Product, and Income
Billions of dollars
1980
1981
1982
1983"
149.9
149.0
165.2
158.7
150.4
131.7
63.1
68.6
9.8
1.3
1.5
5.7
4.8
.9
140.5
72.7
67.8
11.1
1.1
1.6
-5.3
67
1.3
142.3
73.1
69.2
12.2
1.1
2.0
7.6
7.3
.3
144.1
73.9
70.2
12.9
1.1
2.1
-1.4
-.7
-.8
139.8
70.6
69.2
Less: Intermediate goods and services purchased
Intermediate goods and services other than rent
Rent paid to nonoperator landlords
78.4
70.2
8.1
81.3
73.5
7.8
84.1
76.4
7.7
84.6
77.8
6.9
79.4
Equals: Gross farm product
71.6
67.7
81.1
74.1
Less: Capital consumption allowances with capital consumption
Adjustment ... .
Indirect business tax and nontax liability
Plus' Subsidies to operators
16.3
3.0
1.2
18.9
3.4
1.2
20.7
3.3
1.8
Equals: Income
53.4
46.6
10.1
8.9
1.2
11.1
9.8
1.3
31.9
9
10.5
10
Farm output
Cash receipts from farm marketings and net Commodity Credit
Corporation loans
Crops
Livestock
Gross rental value of farm housing... .
....
Farm products consumed on farms
Other farm income
. ..
Change in farm inventories
Crops
Livestock
Compensation of employees
Wages and salaries
Supplements to wages and salaries
Proprietors' income with inventory valuation and capital
consumption adjustments .
Corporate* profits' with inventory valuation and capital
consumption adjustments
...
Net interest
Addendum:
Net Commodity Credit Corporation loans
Implicit price deflator (Index numbers,
1972=100)
Billions of 1972 dollars
1979
1979
1981
1980
1982
1983"
1979
1980
1981
1982
201.4
207.1
217.1
210.7
224.0
199.1
212.3
186.7
464.6
190.2
221.1
205.5
228.4
185.8
570.3
199.6
249.8
197.5
208.0
187.5
692.9
192.9 I
258.7
209.0
237.9
186.0
1983"
74.4
71.9
76.1
75.3
67.2
67.9
31.8
36.1
f 2.6
7
16.3 {
I
8
57
2.4
2.1
.3
70.6
34.2
36.3
2.4
.6
.7
-2.3
-2.9
.6
69.2
32.0
37.2
2.1
.6
.8
3.4
3.3
.1
73.0
35.5
37.4
1.9
.5
.8
-.8
5
-.3
66.9
29.7
37.2
40.3
36.5
3.7
36.9
33.6
3.3
35.5
32.4
3.1
36.4
33.4
2.9
30.6
194.6
192.2
218.2
220.3
218.9
234.0
237.1
235.8
249.8
232.8
232.6
234.7
259.7
71.0
34.2
35.0
40.6
39.0
36.6
209.4
193.3
199.6
190.2
194.1
21.9
3.5
3.3
22.7
3.7
7.2
8.7
2.1
4.3
9.0
2.1
4.7
9.0
2.6
4.4
9.0
3.2
4.8
187.2
141.0
209.8
160.5
229.2
128.1
242.8
109.1
58.9
52.0
51.8
27.6
28.6
33.4
31.6
193.8
162.8
176.4
164.7
11.6
10-.1
1.5
11.9
10.5
1.5
12.5
11.0
1.5
21.8
30.5
21.5
21.0
1
13.6
1
16.7
2
18.4
2
18.1
.4
3.1
9.0
7
5
.1
1.1
193.9
198.3
190.1
( 369.8
3.2
193.1
I 186.2
-2.9
3.4
511.8
-.3
p
Preliminary.
NOTE.—Dollar levels are found in the National Income and Product Accounts Tables, tables 1.18 and 1.19. Implicit price deflators are found in table 7.10.
The decline in real gross farm product was the result of the Federal payment-in-kind (PIK) program, other
Federal acreage reduction programs,
and drought. The Federal farm programs aimed, in part, to reduce production and thereby reduce the large
stocks of grains and some other crops
accumulated in 1981 and 1982 (table
11). Under the programs initially announced for 1983 crops, farmers could
idle a fixed percentage of their acreage in certain crops in return for eligibility to use crops as collateral for
Commodity Credit Corporation (CCC)
loans and for subsidy payments if
average prices for the marketing year
fall below specified target levels.
Under the PIK program, announced
later, farmers who participated in the
initial programs could idle still more
acreage and receive crops from CCC
inventories in return. The in-kind
payments equaled a percentage of the
normal yield on the acreage idled—95
percent for wheat and 80 percent for
corn, sorghum, cotton, and rice.
After farmers had reduced acreage
under both types of programs, severe
drought last summer sharply reduced
yields on the acres that remained in
production. (The winter wheat crop,
however, largely escaped drought, because it is harvested in the spring.)
Farm output—that is, production
before the deduction of purchases of
intermediate goods and services—
foregone by participation in the Federal programs nearly equaled output
lost to drought. However, for each
unit of output, drought reduced farm
product more than did participation
in the Federal programs. In the case
of drought, the farmer incurred the
expenses of seed, fertilizer, and other
input to be netted against the lower
amount of output. In the case of participation in the Federal programs,
the farmer did not incur many of
these expenses.
Under the PIK program, farmers
took title in 1983 to an estimated $3
billion of crops previously held by the
CCC. In the national income and
product accounts (NIPA's), this transfer does not affect gross farm product
or GNP (or Federal Government expenditures, as noted in discussing the
Federal sector). In gross farm product
(and also output), the reduction in
CCC stocks is shown as a reduction in
net CCC loans (in table 10, shown
Table 11.—Marketing Year Final Stocks and
Average Prices for Major U.S. Crops
Stocks2
(Million
bushels,
except
million bales
for cotton)
Price
(Dollars per
bushel,
except cents
per pound
for cotton)
Corn:
1979/80
1980/81 . .
1981/82
1982/833
1983/84
1,617
1,034
2,286
3,140
595
2.52
3.11
2.50
2.70
3.20-3.40
Wheat:
1979/80
1980/81.. .
1981/82
1982/833
1983/84
902
989
1,164
1,543
1,441
3.78
3.91
3.65
3.53
3.45-3.60
359
318
266
387
185
6.28
757
6.04
5.65
7.50-8.25
Crop and Marketing Year1
Soybeans:
1979/80. .
1980/81
1981/82
1982/833
1983/84
Cotton:
1979/80
1980/81
1981/82
1982/833
1983/84
...
3.0
2.7
6.6
79
3.6
4
62.5
74.7
54.3
58.0
(5)
1. Marketing years extend approximately from harvest to
harvest for each crop.
2. Includes stocks held privately and under Federal farm
programs.
3. Projections.
4. Weighted average for first 8 months of marketing year;
not a projection.
5. USDA is prohibited by law from publishing cotton price
projections.
Source: Department of Agriculture.
SURVEY OF CURRENT BUSINESS
January 1984
CHART 9
Market Sales and Proceeds From Government Programs
Billion Current $
150 r—=———
125
Marketings
Crops
livestock
100
Government Programs
Subsidies: Cash Payments
by Government
Subsidies: PIK
Net CCC Loans
75
50
25
3.1
-0.7
-25
Billion 1972 $
751
342
32,3
30-1
30,9
31.8
29,9
50
25
0.1
1978
1979
1980
1981
NOTE .— Market sales differ from cash receipts in table 10 by net CCC loans.
U.S. Department of Commerce, Bureau of Economic Analysis
429-897 0 - 8 4 - 2 : QL 3
-0.3
along with cash receipts from marketings). This reduction is offset by an increase in the change in farm inventories and/or an increase in cash receipts from marketings. In GNP, the
reduction in CCC stocks is a reduction
in Federal purchases. This reduction
is offset among the product components by an increase in the change in
inventories and/or an increase in
final sales. Correspondingly, the PIK
transfers do not affect GNP seen as
the sum of income components. GNP
is valued at market prices—that is,
exclusive of subsidies. PIK transfers
appear as subsidies to farmers and
are part of farm proprietors' income
(or, for corporate farms, corporate
profits); they are subtracted, along
with other subsidies, as a separate
item in the derivation of GNP.
On a quarterly basis, real farm
product was 5 down $l%-$2 billion
each quarter. A quarterly pattern is
particularly difficult to estimate for
at least two reasons. Even if complete
data were available, measurement
would be difficult during the growing
year for an output that is heavily influenced by weather and becomes a
certainty only when harvested. Moreover, quarterly data are fragmentary,
particularly for inventories held by
farmers, and in most cases do not
become available until long after the
current NIPA estimates for a given
quarter have been released.
Despite the decline in farm product,
farm income for the year 1983, at $52
billion in current dollars, held even
with 1982, although both years fell
short of 1981. Within this measure,
which is national income originating
in farming, farm proprietors' income
showed the same pattern. In 1983,
Federal programs provided historically high levels of help in maintaining
income, as shown in the upper panel
of chart 9. While net CCC loans, exclusive of PIK transfers to farmers,
were a negative $1 billion, Federal
programs paid substantial amounts of
cash subsidies in addition to the PIK
subsidies of $3 billion. These cash subsidies, which consist primarily of crop
program payments, were $4 billion.
The high level of cash subsidies re-
_L
_L
J_
-25 _L
3,4
0.1
-0,5
13
1982
1983
5. In the NIPA tables shown each month in the
SURVEY, farm product is in tables 1.5-1.6.
14
SURVEY OF CURRENT BUSINESS
fleeted low U.S. crop prices relative to
the targets specified for 1982 crops,
most of which were marketed in 1983.
On a quarterly basis, farm proprietors' income increased $10 billion in
the fourth quarter of 1983, after declines of $51/2 billion in the third
quarter and smaller amounts in the
second and first.6 The PIK program
provided options to farmers that
affect quarterly and annual patterns
in farm proprietors' income. PIK permitted farmers to receive crops at
6. In the NIPA tables shown each month in the
SURVEY, farm proprietors' income is in tables 1.11 and
2.1.
January 1984
their normal harvest time, but with
an optional 5 months of free storage
from that date if farmers delayed
taking title. Thus, the estimated pattern of PIK subsidies and proprietors'
income in the second half of 1983 is
preliminary until
administrative
records become available.
Chief, Current Business Analysis Division
BEA invites applications for the position of Chief, Current Business Analysis Division.
(The salary range for this career reserved position in the Senior Executive Service starts at
$58,938 per annum.)
The Division Chief plans and directs the work of the Division; that work includes the
preparation of interpretations of the current business situation for publication in the
SURVEY OP CURRENT BUSINESS, preparation of other analyses of economic developments,
editing and review of all materials to be published in the SURVEY and other BEA publications, conduct of public information activities, and provision of publication services. As a
research economist, the Chief is responsible for the analysis of short-run developments, cyclical movements, and long-term trends in economic activity and of national and international economic policies and their effect on the economy.
Applicants should have demonstrated competence in economic research and writing; in
directing the economic research of others and reviewing written work; in the use of tools
and techniques, specifically in national economic accounting, used in interpreting major economic developments and problems; and in conducting high-level consultations with officials
in the Federal and private sectors. A strong background in national economic accounting is
required, and experience in managing publications and public information programs is desirable. In addition, applicants will be required to meet managerial/executive qualifications
mandatory of all positions in the Senior Executive Service. They must have 21 semester
hours in economics plus 3 semester hours in statistics, accounting or calculus.
To apply, submit an SF-171 (The Office of Personnel Management's "Personal Qualifications Statement"), Form 1386 (the OPM "Background Survey Questionnaire"), and a supplemental statement of how the applicant's qualifications match those listed above. Applications should be addressed to: U.S. Department of Commerce, Office of Personnel Operations,
Room 5014, Washington, D.C. 20230.
For more information, including the deadline for applications, contact Carol S. Carson,
Chief Economist, Bureau of Economic Analysis, on (202) 523-0707.
The Department of Commerce is an equal opportunity employer.
SURVEY OF CURRENT BUSINESS
January 1984
15
National Income and Product Accounts Tables
New estimates in this issue: Fourth Quarter and annual 1983, preliminary.
The abbreviations used in the tables are: CCAdj Capital consumption adjustment
IVA
Inventory valuation adjustment
NIPA's National income and product accounts
Preliminary
P
Revised
r
The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United States, 1929-76: Statistical Tables (Stock
No. 003-010-00101-1, price $10.00). Estimates for 1977-79 and corrections for earlier years are in the July 1982 SURVEY; estimates for 1980-82
and corrections for earlier years are in the July 1983 SURVEY. Summary NIPA Series, 1950-82, are in the October 1983 SURVEY. These publications are available from the Superintendent of Documents and Commerce Department District Offices; see addresses inside front cover.
Table 1.1-1.2.—Gross National Product in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
1982
1983 P
III
Gross national product.
1982
1983
IV
I
III
II
III
IV"
3,073.0 3,309.5 3,090.7 3,109.6 3,171.5 3,272.0 3,362.2 3,432.0 1,485.4 1,534.8
Personal consumption expenditures
Durable goods
Nondurable goods
Services
1,991.9 2,158.6 2,008.8 2,046.9 2,073.0 2,147.0 2,181.1 2,233.1
244.5
278.6
761.0
804.3
986.4 1,075.7
Gross private domestic investment
Fixed investment....
Nonresidential
Structures
Producers' durable equipment
Residential
Nonfarm structures
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm
Farm
Net exports of goods and services
Exports
Imports
Government purchases of goods and services
Federal
National defense.
Nondefense
State and local
1982
1983 P
243.4
277.7
282.8
295.2
258.5
252.1
773.0
799.6
814.8
825.9
777.1
766.6
998.9 1,021.8 1,037.4 1,069.7 1,083.5 1,112.0
1983
IV
I
III
II
IV"
1,485.7 1,480.7 1,490.1 1,525.1 1,553.4 1,570.5
970.2 1,011.4
971.0
979.6
986.7 1,010.6 1,016.0 1,032.2
139.8
364.2
466.2
138.2
364.7
468.2
143.2
366.0
470.4
145.8
368.9
472.0
178.4
190.0
156.0
, 376.3
479.2
414.5
471.3
425.3
377.4
404.1
450.1
501.1
529.8
194.5
218.4
198.4
439.1
348.3
141.9
206.4
90.8
86.0
1.5
3.2
245
-23.1
14
478.2
347.7
131.4
216.3
130.5
125.5
1.5
3.6
-6.9
-1.2
-5.7
430.2
342.3
140.0
202.2
87.9
83.4
1.3
3.3
49
-2.3
-2.6
433.8
337.0
138.6
198.4
96.8
91.2
2.3
3.3
-56.4
-53.7
-2.7
443.5
332.1
132.9
199.3
111.3
106.7
1.3
3.4
-39.4
-39.0
-.4
464.6
336.3
127.4
208.8
128.4
123.3
1.5
3.5
-14.5
-10.3
-4.2
492.5
351.0
130.9
220.2
141.5
136.3
1.6
3.6
8.5
18.4
-9.9
512.1
371.2
134.5
236.8
140.8
135.6
1.6
3.7
17.7
26.0
-8.3
203.9
166.1
53.4
112.7
37.8
35.2
.6
1.9
-9.4
-8.6
-.8
220.7
168.0
49.8
118.2
52.7
50.1
.6
2.1
-2.4
.5
-2.9
199.8
163.3
53.0
110.3
36.5
34.1
.5
1.9
1.3
.1
-1.4
201.1
205.4
160.5
159.9
52.2
50.3
108.3
109.6
40.6
45.5
37.8
43.0
.9
.5
1.9
2.0
-22.7 -15.4
21 1 -15.1
-1.6
-.3
156.5
374.7
479.4
157.9
378.1
480.1
163.6
383.3
485.3
210.0
230.7
242.5
215.6
163.0
48.3
114.7
52.6
50.0
.6
2.1
-5.4
33
-2.1
227.0
170.1
49.6
120.5
56.8
54.1
.6
2.1
3.8
8.8
-5.0
235.0
178.9
50.8
128.1
56.1
53.3
.6
2.1
7.5
11.7
-4.2
.9
5.6
17.0
-8.5
-18.3
-32.6
28.9
11.7
24.0
23.0
20.5
12.3
11.4
2.5
347.6
330.2
335.8
346.4
346.0
345.0
321.6
316.1
326.9
309.9
327.1
335.6
341.1
359.4
348.1
380.7
147.3
118.4
138.9
127.2
146.4
122.4
136.5
113.5
137.3
116.8
136.2
123.9
140.7
129.2
141.5
139.0
649.2
690.2
655.7
679.7
677.4
683.4
698.3
701.7
291.8
293.3
292.2
299.7
292.9
292.1
295.2
293.2
258.7
179.4
79.3
390.5
275.2
200.3
74.9
415.0
261.7
183.6
78.1
394.0
279.2
190.8
88.5
400.5
273.5
194.4
79.1
404.0
273.7
199.4
74.3
409.7
278.1
201.2
76.9
420.2
275.6
206.2
69.4
426.1
116.6
78.8
37.8
175.2
118.0
84.2
33.7
175.4
116.9
80.4
36.5
175.3
124.4
81.4
43.0
175.2
118.4
82.7
35.7
174.5
117.6
84.2
33.4
174.5
118.9
84.2
34.7
176.3
116.9
85.6
31.2
176.3
17.4
-10.6
Table 1.3-1.4.—Gross National Product by Major Type of Product in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
1982
1983"
m
Gross national product
Final sales
Change in business inventories
Goods.....
Final sales
Change in business inventories . .
Durable goods
Final sales... .
Change in business inventories
Nondurable goods
Final sales
Change in business inventories
1982
1983
IV
I
II
III
1983
p
IV P
1983
1982
III
IV
I
II
III
IV P
1,485.4 1,534.8 1,485.7 1,480.7 1,490.1 1,525.1 1,553.4 1,570.5
3,073.0 3,309.5 3,090.7 3,109.6 3,171.5 3,272.0
3,362.2 3,432.0
3,097.5 3,316.4 3,095.6 3,165.9 3,210.9 3,286.6
-24.5
-6.9
-4.9 -56.4
-39.4
145
3,353.7 3,414.3 1,494.8 1,537.2 1,487.0 1,503.4 1,505.5 1,530.5 1,549.7 1,563.0
7.5
3.8
227 -15.4
-9.4
54
17.7
-2.4
13
8.5
1,208.9 1,362.0 1,286.6 1,264.8 1,292.2 1,346.8
1,388.9 1,419.9
661.6
687.0
661.6
652.1
656.9
681.8
699.0
710.4
1,305.4 1,368.9 1,291.5 1,321.2 1,331.6 1,361.3
56.4 -39.4
-24.5
-6.9
-14.5
49
1,380.4 1,402.2
17.7
8.5
671.0
-9.4
689.4
-2.4
663.0
-1.3
674.8
-22.7
672.3
-15.4
687.2
-5.4
695.3
3.8
702.9
7.5
590.8
573.5
17.4
829.0
828.7
.3
269.6
276.1
-6.5
392.0
394.9
-2.9
289.7
291.2
15
397.4
398.3
-.9
274.9
271.6
3.2
386.7
391.3
-4.6
256.4
275.3
189
395.6
399.4
-3.8
261.3
277.0
157
395.6
395.2
.3
287.4
291.1
37
394.5
396.1
-1.7
299.9
294.1
5.8
399.2
401.2
-2.0
310.1
302.4
7.7
400.3
400.5
-.2
712.2
111.6
725.2
122.6
713.9
110.2
715.0
113.6
717.8
115.4
723.0
120.3
727.0
127.3
732.9
127.1
500.8
516.3
-15.5
780.1
789.1
-9.1
544.8
549.0
42
817.1
819.9
-2.8
518.4
512.0
6.4
768.3
779.5
-11.3
474.0
519.0
-45.0
790.8
802.2
-11.4
482.7
520.9
382
809.5
810.6
-1.2
536.8
545.7
-8.9
810.0
815.7
-5.7
568.9
555.9
13.1
820.0
824.5
-4.5
Services
Structures
1,511.1 1,637.8 1,527.2 1,560.5 1,588.4 1,623.4
309.7
301.9
284.3
290.9
281.0
276.9
1,651.0 1,688.5
323.6
322.3
Addenda:
Gross domestic purchases *
Final sales to domestic purchasers *
3,055.6 3,320.0 3,089.8 3,104.0 3,154.6 3,280.5
3,080.1 3,327.0 3,094.7 3,160.4 3,193.9 3,295.0
3,380.5 3,464.5 1,456.5 1,523.1 1,461.7 1,457.7 1,469.6 1,512.8 1,542.0 1,567.9
3,371.9 3,446.8 1,465.9 1,525.5 1,463.0 1,480.4 1,485.0 1,518.3 1,538.2 1,560.4
1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
16
January 1984
SURVEY OF CURRENT BUSINESS
Table 1.5-1.6.—Gross National Product by Sector in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1983 *
1982
1982
III
1982
1983
I
IV
II
3,025.7
2,594.6
2,520.0
2,252.6
267.4
s
, .....
74.1
.5
107.0
7.6
99.4
324.1
101.1
223.0
47.3
3,263.4
2,802.0
2,730.9
2,438.1
292.9
71.0
.1
114.9
8.2
106.7
346.5
106.1
240.4
46.1
3,044.2
2,610.1
2,536.6
2,265.9
270.7
70.9
2.5
108.5
7.7
100.8
325.7
100.7
225.0
46.6
3,063.5
2,619.1
2,539.1
2,261.0
278.1
75.8
4.2
110.8
7.8
102.9
333.7
104.2
229.5
46.0
3,127.2
2,675.5
2,601.8
2,317.9
284.0
74.9
12
112.2
8.0
104.2
339.5
105.6
233.8
44.3
3,227.9
2,769.8
2,700.5
2,411.0
289.6
72.7
-3.5
114.1
8.1
106.0
344.1
106.0
238.1
44.1
3,314.1
2,849.8
2,779.0
2,483.3
295.7
68.3
2.5
115.6
8.2
107.4
348.8
106.2
242.6
48.1
Less:
Indirect business tax and
nontax liability
Business transfer payments
^
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less:
Corporate profits with
IV A and CCAdj
Net interest
Contributions for social
insurance .
Wage accruals less disbursements
Plus:
Government transfer payments to persons
Personal interest income....
Personal dividend income ..
Business transfer payments
Equals: Personal income
1,462.3
1,259.6
1,220.4
1,078.3
142.1
39.0
.2
46.7
3.3
43.4
156.1
50.5
105.6
23.1
IV />
1,458.6
1,255.9
1,213.2
1,068.9
144.3
40.6
2.0
46.9
3.3
43.5
155.8
50.7
105.1
22.1
1,463.1
2,260.4
1,223.4
1,080.7
142.7
35.7
1.2
46.8
3.3
43.5
156.0
50.5
105.4
22.6
1,469.2
1,266.1
1,227.5
1,081.9
145.6
39.2
6
47.1
3.4
43.7
155.9
50.8
105.1
21.0
1,504.4
1,301.2
1,265.1
1,118.2
146.9
37.7
-1.6
47.3
3.4
43.9
156.0
50.8
105.1
20.7
1,531.1
1,327.5
1,290.9
1,142.6
148.3
35.5
1.1
47.6
3.5
44.1
156.0
50.8
105.2
22.3
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
1983
IV
1,548.5
1,344.4
1,309.3
1,159.4
149.9
33.9
1.1
48.0
3.5
44.5
156.1
50.8
105.2
22.0
Table 1.11.—National Income by Type of Income
1982
m
II
I
3,073.0 3,309.5 3,090.7 3,109.6 3,171.5 3,272.0 3,362.2 3,432.0
359.2
377.4
363.0
368.3
370.8
373.3
381.7
383.6
312.6
-46.6
367.7
-9.6
317.5
-45.5
329.5
-38.8
341.8
-29.1
359.0
143
378.5
-3.2
391.7
8.1
2,713.8 2,932.1 2,727.7 2,741.3 2,800.7 2,898.7 2,980.5 3,048.4
258.3
285.8
259.9
264.8
270.6
285.8
291.1
295.7
14.1
.5
15.5
.1
14.3
2.5
14.7
4.2
15.0
-1.2
15.3
-3.5
15.7
2.5
16.1
9.5
16.3
8.0
16.6
12.3
11.8
15.8
25.2
2,450.4 2,646.9 2,458.9 2,474.0 2,528.5 2,612.8 2,686.9
164.8
261.1
226.3
247.2
168.5
256.4
161.9
254.7
181.8
248.3
218.2
243.8
248.4
246.1
250.4
253.0
272.3
254.3
255.4
265.4
270.1
274.4
279.1
0
-.4
0
0
0
13
.4
260.4
366.2
66.4
387.9
366.3
70.5
366.1
364.8
66.4
384.3
363.1
67.9
383.6
357.2
68.8
390.0
357.1
69.3
386.8
369.9
70.9
391.4
381.0
72.9
14.1
15.5
14.3
14.7
15.0
15.3
15.7
16.1
0
2,578.6 2,741.9 2,591.3 2,632.0 2,657.7 2,713.6 2,761.9 2,834.2
III
National income
Table 1.8.—Relation of Gross National Product, Net National Product,
and National Income in Constant Dollars
[Billions of 1972 dollars]
Gross national product
1,485.4 1,534.8 1,485.7 1,480.7 1,490.1 1,525.1 1,553.4 1,570.5
Less: Capital consumption
allowances with CCAdj
162.5 169.1
163.1
165.5 166.3 167.8 170.7 171.5
Equals: Net national product
1,322 9 13657 13226 1 3152 1 323 9 1 357 3 1 3827 1 3990
Less: Indirect business tax
and nontax liability plus
business transfer payments less subsidies plus
current surplus of government enterprises
1473 1536 147 5 1469 1503 1528 1544
1567
Statistical discrepancy....
.2
0
2.0
-.6
-1.6
1.2
1.1
Equals: National income
1,175.4 1,212.2 1,173.9 1,166.2 1,174.2 1,206.1 1,227.1
1983
1982
1983"
IV*
IV
I
II
III
IV *
2,450.4 2,646.9 2,458.9 2,474.0 2,528.5 2,612.8 2,686.9
Compensation of employees
1,865.7 1,990.1 1,879.5 1,889.0 1,923.7 1,968.7 2,011.8 2,056.0
Wages and salaries
1,568.1 1,664.0 1,579.8 1,586.0 1,610.6 1,647.1 1,681.5 1,716.6
Government and government enterprises .... 306.0 325.7 307.7 314.5 319.2 323.3 328.4 331.8
Other
1,262.1 1,338.3 1,272.1 1,271.5 1,291.5 1,323.8 1,353.1 1,384.9
Supplements to wages
321.6 330.3 339.3
and salaries
297.6 326.1 299.7 302.9 313.1
Employer contributions for social in153.9
156.6
142.5 148.8 151.5
surance
141.5
140.9 152.7
176.4 182.7
164.3 170.1
160.4
158.2
173.4
156.6
Other labor income
Proprietors' income with
IVA and CCAdj
Farm
Proprietors' income
with IVA
CCAdj
Nonfarm
Proprietors' income
IVA .
CCAdj
109.0
21.5
128.6
21.0
103.6
15.8
116.2
26.0
120.6
22.2
127.2
21.0
126.7
15.5
139.7
25.3
29.9
-8.4
87.4
84.2
6
3.9
29.4
-8.4
107.6
97.3
-.9
11.1
24.2
-8.4
87.8
84.5
-.7
4.1
34.6
-8.6
90.2
86.0
-.8
4.9
30.6
-8.4
98.4
91.0
-.2
7.6
29.4
-8.4
106.2
96.8
-1.1
10.5
23.9
84
111.2
100.6
-1.5
12.2
33.6
83
114.4
100.9
-.6
14.1
49.9
54.8
50.9
52.3
54.1
54.8
53.9
56.2
86.3
-36.5
93.4
-38.6
87.6
-36.7
87.4
-35.2
91.6
-37.5
92.2
374
94.0
400
95.7
-39.4
164.8
226.3
168.5
161.9
181.8
218.2
248.4
165.9
174.2
59.2
115.1
68.7
195.5
205.3
75.7
129.6
73.3
168.3
177.3
60.8
116.5
68.8
157.2
167.5
54.0
113.5
70.4
168.0
169.7
61.5
108.2
71.4
192.7
203.3
76.0
127.2
72.0
210.8
229.1
84.9
144.1
73.7
75.9
CCAdi
46.4
84
-1.1
56.3
98
30.8
47.7
9o
.1
43.1
103
4.7
36.7
17
13.9
55.2
-10.6
25.6
70.4
18 3
37.6
85
46.3
Net interest
261.1
247.2
256.4
254.7
248.3
243.8
246.1
250.4
Addenda:
Corporate profits after
tax with IVA and
CCAdj
Dividends
Undistributed
profits
with IVA and CCAdj
105.6
68.7
150.6
73.3
107.6
68.8
107.9
70.4
120.3
71.4
142.2
72.0
163.4
73.7
75.9
37.0
77.4
38.9
37.5
48.9
70.1
89.7
Rental income of persons
with CCAdj
Rental income of persons
CCAdj
Corporate profits with IVA
and CCAdj
Corporate profits with
IVA
Profits before tax
Profits tax liability .
Profits after tax
Dividends
Undistributed
profits
IVA
1,513.3
1,309.8
1,273.2
1,125.6
147.7
36.6
.0
47.5
3.4
44.1
156.0
50.8
105.2
21.5
Seasonally adjusted at annual rates
III
Equals: Net national product
III
II
1 1162
1982
1983 P
1982
3,384.0
2,912.7
2,842.4
2,540.2
302.2
67.9
2.5
117.7
8.4
109.3
353.6
106.6
246,9
47.9
2,318.4
Table 1.7.—Relation of Gross National Product, Net National Product,
National Income, and Personal Income
Less:
Capital consumption allowances with CCAdj...
Capital consumption allowances
Less- CCAdj
I
IV
III
3,073.0 3,309.5 3,090.7 3,109.6 3,171.5 3,272.0 3,362.2 3,432.0 1,485.4 1,534.8 1,485.7 1,480.7 1,490.1 1,525.1 1,553.4 1,570.5
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing.
Farm
Statistical discrepancy
Households and institutions
Private households
Nonprofit institutions
Government..
Federal
State and local
Rest of the world
Addendum:
Gross domestic business product less housing
Gross national product
IV P
III
1983
1982
1983"
17
SURVEY OF CURRENT BUSINESS
January 1984
Table 1.13.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Business
in Current and Constant Dollars
1982
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
1983"
III
Gross domestic product of corporate
business
Capital consumption allowances with CCAdj
Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments less subsidies
1983
IV
II
I
1982
231.6
224.5
227.7
228.3
229.8
233.1
206.6
188.4
191.4
195.6
235.1
212.7
211.0
207.3
Domestic income
1,487.5 1,622.7 1,496.5 1,484.0 1,530.3 1,599.4 1,658.4
Compensation of employees
1,282.2 1,363.6 1,290.8 1,289.2 1,313.6 1,347.6 1,379.1 1,413.9
1,065.8 1,126.2 1,072.9 1,070.3 1,086.9 1,114.1 1,138.5 1,165.3
Wages and salaries
Supplements
to
wages and salaries ... 216.4 237.3 217.9 218.9 226.7 233.5 240.5 248.6
Corporate profits with
197.7 225.0
IVA and CCAdj
143.0 204.4 147.8 137.8 161.6
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
IVA P
CCAdj
Net interest
Gross
domestic
product of financial
corporate
business
Gross
domestic
product of nonfinancial corporate business
Capital consumption allowances with CCAdj
152.4
59.2
93.2
54.4
183.3
75.7
107.6
62.2
156.6
60.8
95.8
55.5
143.4
54.0
89.4
56.7
149.5
61.5
88.0
60.6
182.8
76.0
106.7
62.9
205.7
84.9
120.7
62.3
63.0
38.8
84
-1.1
62.3
45.4
-9.8
30.8
54.7
40.3
90
.1
58.0
32.6
-10.3
4.7
57.1
27.4
-1.7
13.9
55.1
43.9
-10.6
25.6
54.0
58.4
-18.3
37.6
54.3
-8.5
46.3
55.5
1,776.7 1,918.4 1,786.8 1,775.0 1,817.6 1,892.4 1,957.8
210.0
218.2
212.3
128.2
215.1
136.5
144.1
215.3
216.7
219.6
33.1
-8.4
.8
65.2
Gross domestic product of nonfinancial
corporate business...
Net domestic product
Indirect business tax and
nontax liability plus
business transfer payments less subsidies
Domestic income
122.6
151.9
55.1
96.7
64.9
31.8
-9.8
32.5
59.3
134.4
42.0
92.4
58.5
33.9
-9.0
2.1
61.8
117.9
33.6
84.4
59.2
25.1
-10.3
6.7
61.9
119.7
41.8
77.9
63.3
149.0
55.0
94.0
65.6
173.8
63.9
109.8
65.1
65.7
14.5
-1.7
15.9
59.7
28.4
-10.6
27.3
58.6
44.8
-18.3
39.0
58.9
-8.5
47.7
60.2
Billions of 1972 dollars
144.7
142.5
131.5
41.2
90.3
57.2
Profits before tax
Profits tax liability ..
Profits after tax
Dividends
Undistributed
profits
IVA
C@Adj
Net interest
Capital consumption allowances with CCAdj
120.4
IV P
III
II
1,566.8 1,700.2 1,574.5 1,559.8 1,602.3 1,675.7 1,738.2
Net domestic product
Indirect business tax and
nontax liability plus
business transfer pay179.0 196.9 179.6 182.4 186.4 197.6 201.1 202.7
ments less subsidies
1,387.8 1,503.2 1,394.9 1,377.4 1,415.9 1,478.1 1,537.1
Domestic income
Compensation of em1,198.6 1,269.3 1,205.6 1,201.2 1,222.4 1,253.9 1,283.7 1,317.4
ployees
997.3 1,048.9 1,003.1 998.2 1,012.0 1,037.2 1,060.4 1,085.9
Wages and salaries
Supplements
to
wages and salaries ... 201.3 220.5 202.6 203.0 210.4 216.7 223.3 231.6
Corporate profits with
133.9
165.7
194.5
124.0 174.5 127.5 114.3
IVA and CCAdj
1,675.1 1,829.3 1,684.9 1,675.4 1,725.9 1,806.7 1,869.4
187.6
I
IV
III
1,897.1 2,060.9 1,909.4 1,903.2 1,954.2 2,036.5 2,102.5
222.0
1983
1982
1983"
IV P
III
221.2
857.7
893.9
859.5
846.4
856.0
885.8
909.4
96.8
100.4
97.2
98.2
98.9
99.8
101.1
760.9
793.5
762.3
748.2
757.2
786.0
808.3
94.2
666.6
98.5
695.0
94.0
668.3
93.9
654.3
96.4
660.8
97.5
688.4
99.1
709.2
101.9
100.9
Table 1.14-1.15.—Auto Output in Current and Constant Dollars
Billions of dollars
Billions of 1972 dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
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
Change in business inventories
New
Used
Addenda:
Domestic output of new autos1
Sales of imported new autos 2
1983"
1982
1982
1983
III
IV
I
II
III
IV"
1983
1982
1983"
III
IV
I
II
III
IV"
66.6
88.6
73.7
66.0
78.5
80.9
95.0
100.0
38.5
49.9
42.0
38.3
44.9
46.0
53.1
55.6
69.9
73.9
52.r
21.0
12.4
24.9
-12.6
-17.4
2.9
20.3
1.0
-3.3
33
0
87.1
90.6
65.3
25.3
13.9
30.6
-16.6
-18.6
4.3
22.9
1.1
1.5
1.2
.3
69.6
74.0
51.0
23.0
12.9
26.2
133
-18.4
3.5
21.8
1.1
4.1
5.2
-1.1
75.9
79.7
58.5
21.2
12.3
25.7
-13.5
-17.1
2.4
19.5
1.0
-9.8
-11.1
1.3
76.3
80.7
57.5
23.2
12.9
27.4
-14.5
-18.5
3.9
22.3
1.1
2.2
1.9
.3
86.8
91.4
66.9
24.5
13.4
28.6
-15.2
-19.1
4.1
23.2
1.1
5.9
-6.7
.8
91.2
92.5
65.8
26.7
15.1
32.7
-17.6
-17.5
4.8
22.4
1.2
3.8
3.8
0
94.1
97.9
71.1
26.9
14.4
33.7
-19.3
194
4.4
23.8
1.2
5.9
5.7
.2
40.3
37.1
29.8
7.3
9.3
14.0
-4.7
-6.8
1.6
8.4
.7
-1.8
-1.8
0
48.9
43.9
35.8
8.1
11.2
16.8
-5.6
70
2.3
9.2
.8
1.0
.9
.1
39.6
36.4
28.5
7.9
9.7
14.6
-4.9
73
1.9
9.1
.7
2.5
2.8
-.4
43.4
39.9
32.7
7.2
9.5
14.4
-4.9
-6.7
1.3
8.0
.7
-5.2
-5.6
.5
43.3
39.6
31.8
7.8
10.0
15.2
-5.1
-7.1
2.1
9.1
.7
1.5
1.4
.1
48.8
45.0
37.0
8.0
10.6
15.8
-5.2
-7.5
2.2
9.7
.7
-2.8
-3.1
.3
51.0
44.5
36.1
8.4
12.1
17.9
-5.8
-6.3
2.5
8.9
.8
2.0
2.0
0
52.4
46.6
38.4
8.2
12.1
18.2
-6.1
-7.0
2.3
9.3
.8
3.2
3.1
.1
50.6
27.9
71.1
32.4
58.0
28.0
49.4
30.3
63.4
29.8
64.4
32.5
76.4
31.4
80.1
36.0
28.5
15.7
38.8
17.8
32.3
15.6
27.7
16.9
34.9
16.5
35.5
18.0
41.7
17.2
43.1
19.4
Table 1.16-1.17.—Truck Output in Current and Constant Dollars
Billions of dollars
Billions of 1972 dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
1983"
1982
III
Truck output l
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports...
Exports
Imports
Government purchases
....
Change in business inventories
1983
IV
I
II
III
m
IV"
1983
1982
1983"
IV
I
II
III
IV"
30.4
36.7
30.7
26.4
30.5
35.0
38.9
42.4
14.3
17.0
14.2
12.4
14.1
16.5
18.0
19.5
30.8
11.8
16.6
-2.7
2.5
5.2
5.2
36.3
15.9
18.9
-3.8
2.0
5.8
5.4
28.4
11.1
15.2
33
2.0
5.4
5.5
30.8
11.6
14.9
-1.6
2.3
3.9
6.0
31.3
12.7
16.5
-3.0
1.8
4.9
5.1
34.6
16.5
17.1
-4.2
1.9
6.0
5.2
37.1
16.5
19.1
-4.0
2.1
6.1
5.5
42.2
17.8
22.9
42
2.1
6.2
5.7
14.4
6.6
7.1
-1.4
1.1
2.5
2.2
16.8
8.7
7.8
-1.9
.8
2.7
2.2
13.2
6.2
6.4
-1.7
.9
2.5
2.3
14.4
6.5
6.3
-.9
1.0
1.8
2.5
14.4
7.0
6.8
-1.5
.8
2.3
2.1
16.3
9.1
7.0
-2.0
.8
2.8
2.2
17.2
9.0
7.9
-1.9
.9
2.8
2.3
19.4
9.6
9.5
-2.0
.9
2.9
2.4
-.4
.4
2.2
-4.4
-.8
.4
1.8
.2
-.1
.2
1.0
-.3
.2
.7
.1
Table 1.14-L15:
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.
1982
Table 1.16-1.17:
1. Includes new trucks only.
-2.1
18
SURVEY OF CURRENT BUSINESS
January 1984
' Table 2.2-2.3.—Personal Consumption Expenditures by Major Type of
Product in Current and Constant Dollars
Table 2.1.—Personal Income and Its Disposition
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
1982
1983 "
1983
1982
ra
Seasonally adjusted at annual rates
II
I
IV
III
Wage and salary disbursements.. 1,568.1 1,664.4 1,579.8 1,586.0 1,610.7 1,648.4 1,681.9 1,716.7
Commodity-producing
509.2 529.6 508.9 499.5 508.6 522.2 537.8 549.8
industries
383.8 402.7 384.8 377.4 385.4 397.4 409.2 418.6
Manufacturing
378.8 397.2 381.9 383.5 386.4 394.3 398.9 409.2
Distributive industries
374.1 411.5 381.2 388.5 396.4 407.3 416.4 425.9
Service industries
Government and government
306.0 326.1 307.7 314.5 319.2 324.6 328.8 331.8
enterprises
III
Other labor income
156.6
Proprietors' income with IV A
and CCAdi .
Farm
Nonfarm .
. . .
109.0
21.5
87.4
Rental income of persons with
CCAdj
Personal dividend income
173.4
158.2
160.4
164.3
170.1
176.4
126.7
15.5
111.2
182.7
139.7
25.3
114.4
128.6
21.0
107.6
103.6
15.8
87.8
116.2
26.0
90.2
120.6
22.2
98.4
127.2
21.0
106.2
49.9
54.8
50.9
52.3
54.1
54.8
53.9
56.2
66.4
70.5
66.4
67.9
68.8
69.3
70.9
72.9
Personal interest income
366.2
366.3
364.8
363.1
357.2
357.1
369.9
381.0
Transfer payments
Old-age, survivors, disability,
and health insurance benefits
Government unemployment
insurance benefits
Veterans benefits
Government employees retirement benefits
Other transfer payments
Aid to families with dependent children
,
Other .. .
374.5
403.5
380.4
399.0
398.5
405.3
402.5
407.5
204.5
222.8
209.3
216.5
217.4
221.1
223.8
229.0
24.8
16.4
25.5
16.7
24.9
16.3
32.2
16.6
29.0
16.9
30.0
16.6
22.6
16.6
20.6
16.5
54.2
74.6
58.5
80.0
55.1
74.9
55.8
77.9
56.6
78.7
58.3
79.3
59.3
80.2
59.7
81.7
13.4
61.2
14.3
65.6
13.3
61.6
13.5
64.3
14.1
64.5
14.4
64.9
14.3
66.0
14.5
67.1
Less: Personal contributions
for social insurance
112.0
119.5
112.7
112.9
116.5
118.6
120.5
122.5
Less: Personal tax and nontax
payments
402.1
406.3
399.8
404.1
401.8
412.6
400.1
410.6
personal
2,176.5 2,335.6 2,191.5 2,227.8 2,255.9 2,301.0 2,361.7 2,423.6
Less: Personal outlays
2,051.1 2,222.5 2,068.4 2,107.0 2,134.2 2,209.5 2,245.9 2,300.1
Personal consumption expenditures
, 1,991.9 2,158.6 2,008.8 2,046.9 2,073.0 2,147.0 2,181.1 2,233.1
Interest paid by consumers to
62.7
business
61.4
60.2
58.5
59.1
58.1
63.6
65.8
Personal transfer payments to
1.1
1.1
foreigners (net)
1.1
1.1
1.0
1.0
1.2
1.2
Equals: Personal saving
125.4
113.1
123.0
120.8
121.7
91.5
115.8
123.5
Addenda:
Disposable personal
income:
Total, billions of 1972 dol1,060.2 1,094.3 1,059.3 1,066.1 1,073.8 1,083.0 1,100.1 1,120.3
lars
Per capita:
9,377 9,968 9,430 9,562 9,661 9,834 10,069 10,307
Current dollars
1972 dollars . . . . 4,567 4,671 4,558 4,576 4,599 4,629 4,690 4,764
232.1 234.3 232.4 233.0 233.5 234.0 234.6 235.1
Population (millions)
Personal saving as percentage of disposable personal
income
5.8
4.8
5.6
5.4
5.4
4.0
4.9
5.1
Personal consumption expenditures
Durable goods
Motor vehicles and parts ...
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other
Transportation
Other
1983
1982
1983 f
2,578.6 2,741.9 2,591.3 2,632.0 2,657.7 2,713.6 2,761.9 2,834.2
Personal income
Equals: Disposable
income
1982
IV"
IV
m
II
I
IV P
1,991.9 2,158.6 2,008.8 2,046.9 2,073.0 2,147.0 2,181.1 2,233.1
244.5
278.6
243.4
252.1
258.5
277.7
282.8
109.9
132.8
109.4
116.1
118.4
133.9
135.6
295.2
143.2
93.5
41.1
101.8
44.0
93.5
40.5
94.9
41.0
97.3
42.9
100.8
43.1
102.9
44.3
106.4
45.7
761.0
804.3
766.6
773.0
777.1
799.6
814.8
825.9
396.9
119.0
91.5
153.5
20.0
133.5
422.5
125.6
90.6
165.7
20.9
144.8
400.4
119.2
91.3
155.6
20.9
134.8
404.5
119.6
91.1
157.9
20.2
137.7
411.7
120.0
87.3
158.1
17.7
140.4
419.6
126.4
90.3
163.3
21.2
142.1
426.4
125.1
93.1
170.2
23.0
147.2
432.4
130.9
91.6
171.1
21.6
149.5
986.4 1,075.7
998.9 1,021.8 1,037.4 1,069.7 1,083.5 1,112.0
334.1
144.3
76.3
68.0
68.4
439.6
337.8
145.2
76.2
69.0
69.8
446.1
363.6
154.8
82.0
72.9
72.9
484.3
345.2
147.1
76.8
70.3
69.2
460.3
352.6
145.9
74.1
71.8
70.1
468.8
359.5
155.4
82.8
72.6
70.9
483.9
367.2
155.8
83.3
72.5
74.0
486.6
375.2
162.2
87.6
74.6
76.6
498.0
Billions of 1972 dollars
Personal consumption expenditures
Durable goods
Motor vehicles and parts ...
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods....
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other
Transportation
Other
970.2 1,011.4
971.0
979.6
986.7 1,010.6 1,016.0 1,032.2
139.8
156.0
138.2
143.2
145.8
156.5
157.9
163.6
57.4
67.8
56.4
60.5
60.9
69.1
69.1
72.2
59.7
22.7
64.5
23.7
59.6
22.3
60.2
22.5
61.7
23.3
63.9
23.4
65.2
23.6
67.1
24.4
364.2
376.3
364.7
366.0
368.9
374.7
378.1
383.3
184.0
84.4
25.6
70.2
3.5
66.6
191.3
87.3
26.2
71.5
3.9
67.6
184.8
84.1
25.3
70.6
3.7
66.9
186.4
84.5
25.2
70.0
3.4
66.6
188.2
84.7
26.3
69.7
3.3
66.4
189.4
88.4
26.3
70.7
4.1
66.6
193.1
86.1
26.3
72.6
4.3
68.3
194.4
90.1
25.9
73.0
4.0
69.0
466.2
479.2
468.2
470.4
472.0
479.4
480.1
485.3
171.3
63.5
24.9
38.6
31.7
199.6
176.3
64.1
24.9
39.2
31.6
207.2
171.7
63.5
24.7
38.8
32.0
201.0
172.4
63.0
23.9
39.1
31.4
203.5
174.0
61.9
23.0
39.0
31.2
204.8
175.5
64.2
25.1
39.1
31.4
208.2
177.1
64.3
25.4
38.9
31.7
207.0
178.8
65.9
26.2
39.7
31.9
208.7
Table 3.14.—State and Local Government Social Insurance Funds
Receipts and Expenditures
[Billions of dollars]
Receipts
Contributions for social insurance
Personal contribution
Employer contributions
Government and government enterprises ....
Other
Interest and dividends received
Expenditures
Administrative
expenses
(purchases of goods and
services)
Transfer payments to persons
Surplus
(_ )
or
deficit
56 2
61 6
567
58 1
59 5
608
62 2
637
351
379
354
361
369
375
382
389
9.2
25.9
10.0
27.9
9.3
26.1
9.5
26.7
9.7
27.2
9.9
27.7
10.1
28.1
10.2
28.6
23.6
2.3
25.5
24
23.8
23
24.3
23
24.9
2.3
25.3
23
25.7
24
26.2
25
211
237
213
220
226
233
240
249
230
254
233
240
247
252
257
26 1
8
9
g
g
g
g
9
9
223
245
225
232
239
244
248
252
332
362
335
34 2
349
356
366
37 6
Table 3.1$:
NOTE.—In this table, interest and dividends received are included in receipts; in tables 3.2 and
3.3, interest received and dividends received are netted against expenditures.
January 1984
SURVEY OF CURRENT BUSINESS
Table 3.3.—State and Local Government Receipts and Expenditures
Table 3.2.—Federal Government Receipts and Expenditures
1982
Receipts. .
617.4
Personal tax and nontax
receipts... .
Income taxes
Estate and gift taxes
Nontaxes
Corporate profits tax accruals
Indirect business tax and
nontax accruals
Excise taxes
Customs duties
Nontaxes
Contributions for social
insurance
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
1983"
643.3
1982
1983
IV
III
615.2
612.6
623.3
652.6
645.2
Receipts
Personal tax and nontax
receipts
Income taxes
Nontaxes
Other
Corporate profits tax accruals
Indirect business tax and
nontax accruals
Sales taxes.
Property taxes
Other
Contributions for social insurance
Federal grants-in-aid
294.3
288.3
5.6
.4
295.8
289.5
5.9
.3
300.6
293.0
7.3
.3
303.0
296.7
6.0
.3
297.7
291.7
5.7
.3
304.2
297.8
6.1
.3
286.9
280.2
6.3
.4
46.5
59.3
47.8
42.1
48.6
59.8
66.6
48.3
32.4
8.6
7.3
53.9
36.4
8.9
8.5
47.9
31.7
8.4
7.8
48.3
32.4
8.3
7.6
48.6
33.3
7.5
7.7
56.0
38.6
8.9
8.4
55.5
37.0
9.8
8.8
55.3
36.8
9.5
9.0
217.9
234.4
218.9
219.3
228.5
232.6
236.2
240.2
764.4
826.2
773.5
820.9
806.6
818.7
832.5
847.0
258.7
179.4
79.3
321.1
314.8
6.3
275.2
200.3
74.9
344.5
338.7
5.8
261.7
183.6
78.1
325.9
320.1
5.8
279.2
190.8
88.5
344.8
337.2
7.6
273.5
194.4
79.1
340.3
335.3
5.0
273.7
199.4
74.3
347.0
341.0
6.0
278.1
201.2
76.9
343.5
337.5
6.0
275.6
206.2
69.4
347.3
340.9
6.4
83.9
84.9
107.7
86.5
96.7
121.3
83.0
88.6
111.7
85.0
89.1
112.6
85.8
88.4
113.0
86.7
91.8
116.0
87.2
101.0
125.8
86.5
105.7
130.1
89.5
18.2
22.8
103.7
17.6
24.5
92.8
18.9
23.1
93.8
18.8
23.5
95.4
17.6
24.6
98.6
17.4
24.2
108.1
17.7
24.8
112.5
17.6
24.4
Subsidies less current surplus of government
enterprises
Subsidies
Less: Current surplus of
government enterprises..
15.8
14.9
22.8
19.9
14.2
13.5
22.8
17.9
18.6
16.4
18.2
17.7
22.3
17.8
31.9
27.6
Subsidies
Less: Current surplus of
government enterprises .
-.8
-2.9
-.8
-4.9
-2.3
-.5
-4.5
-4.3
Less: Wage accruals less
disbursements
Less: Wage accruals less
disbursements
0
-.4
0
0
0
-1.3
-.4
0
Purchases of goods and
services
National defense
Nondefense
Transfer payments
To persons
To foreigners
Grants-in-aid to State and
local governments
Net interest paid
Interest paid
... .
To persons and business
To foreigners
Less: Interest received
Expenditures
Purchases of goods and
services
Compensation of employees ...
Other
Transfer payments to persons .
Net interest paid
Interest paid
Less: Interest received
Less: Dividends received
Subsidies less current surplus of government
Surplus or deficit
( — ), NIPA's
Surplus or deficit
(-), NIPA's
-147.1 -182.9 -158.3 -208.2 -183.3 -166.1 -187.3
Social insurance funds
Other
-29.0 -28.7 -34.3 -43.9 -32.0 -31.4 -25.9
-118.0 -154.1 -124.1 -164.3 -151.4 -134.7 -161.4
Social insurance funds
Other
-25.7
1983
1982
1983'
IVP
II
I
III
304.7
296.7
7.6
.3
Expenditures
19
ra
IV
I
II
III
439.1
483.3
442.8
450.7
461.7
478.7
492.7
97.4
51.8
36.4
9.2
110.5
59.4
41.1
10.0
99.3
53.0
37.0
9.4
101.2
53.5
38.1
9.5
104.1
55.1
39.3
9.6
108.4
58.0
40.4
9.9
113.3
61.5
41.7
10.1
IV P
116.4
63.1
43.0
10.3
12.7
16.4
13.0
11.9
12.9
16.2
18.4
210.0
95.5
85.1
29.3
232.0
106.0
94.4
31.6
212.0
96.5
86.4
29.1
216.6
98.0
88.8
29.8
222.0
100.4
91.2
30.5
229.9
105.0
93.5
31.3
235.6
108.0
95.5
32.1
240.4
110.5
97.3
32.7
35.1
83.9
37.9
86.5
35.4
83.0
36.1
85.0
36.9
85.8
37.5
86.7
38.2
87.2
38.9
86.5
407.8
432.3
411.4
417.8
421.3
427.0
437.1
443.5
390.5
415.0
394.0
400.5
404.0
409.7
420.2
426.1
223.0
167.5
240.4
174.6
225.0
169.0
229.5
171.0
233.8
170.1
238.1
171.5
242.6
177.6
246.9
179.2
45.6
198
29.9
49.7
49.3
-22.7
33.8
56.6
46.0
199
30'.6
50.5
47.1
21 1
31.5
52.6
48.3
-22.0
32.3
54.3
49.0
-22.5
33.3
55.8
49.4
-23.0
34.3
57.3
50.5
-23.4
35.4
58.8
2.3
2.8
2.4
2.5
2.6
2.7
2.8
3.0
-6.3
.5
65
.5
-6.3
.5
-6.2
.5
-6.3
.5
64
.5
-6.5
.5
-6.7
.5
6.7
7.0
6.7
6.7
6.8
6.9
7.1
7.2
0
0
0
0
0
0
0
C
31.3
51.0
31.3
32.9
40.4
51.7
55.5
33.2
-1.9
36.2
14.9
33.5
-2.1
34.2
-1.2
34.9
5.5
35.6
16.1
36.6
18.9
37.6
Table 3.7B-3.8B.—Government Purchases of Goods and Services by Type in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
Government purchases of goods and services
Federal
National defense
Durable goods
Nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Structures
Nondefense
Durable goods
Nondurable goods. .
Commodity Credit Corporation: Inventory change
Other nondurables
Services
Compensation of employees
Other services.
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of employees
Other services ... .
Structures
....
1982
1983 *
1982
1983
III
IV
I
II
III
IV"
1983
1982
1983'
III
IV
I
II
III
IV P
649.2
690.2
655.7
679.7
677.4
683.4
698.3
701.7
291.8
293.3
292.2
299.7
292.9
292.1
295.2
293.2
258.7
179.4
49.6
13.7
112.2
68.4
40.9
27.5
43.8
3.8
275.2
200.3
58.8
14.1
122.8
71.8
42.6
29.2
51.0
4.6
261.7
183.6
52.2
13.5
113.7
68.1
40.6
27.4
45.6
4.2
279.2
190.8
53.6
15.0
118.1
70.6
42.2
28.4
47.5
4.1
273.5
194.4
55.3
14.8
120.3
71.5
42.4
29.1
48.8
3.9
273.7
199.4
60.1
14.0
120.7
71.7
42.5
29.2
49.0
4.6
278.1
201.2
58.5
13.7
124.2
71.8
42.6
29.3
52.4
4.7
275.6
206.2
61.3
14.0
125.9
72.1
42.7
29.4
53.8
5.1
116.6
78.8
21.7
2.8
52.6
33.9
19.9
14.0
18.7
1.7
118.0
84.2
24.2
3.1
54.9
34.2
20.0
14.2
20.6
2.0
116.9
80.4
22.5
2.8
53.3
34.0
19.9
14.0
19.3
1.9
124.4
81.4
228
3.0
53.8
34.1
20.0
14.1
19.7
1.8
118.4
82.7
23.5
3.1
54.3
34.2
20.0
14.2
20.1
1.7
117.6
84.2
25.2
3.1
53.9
34.2
20.0
14.2
19.7
2.0
118.9
84.2
23.7
3.1
55.4
34.2
20.0
14.2
21.2
2.0
116.9
85.6
24.5
3.2
55.8
34.2
20.0
14.2
21.6
2.2
79.3
3.1
14.4
9.2
5.2
55.0
32.7
22.3
6.7
74.9
3.4
5.9
-.8
6.6
59.0
34.3
24.7
6.7
78.1
3.0
13.8
9.2
4.6
54.6
32.6
22.0
6.6
88.5
3.4
21.3
16.1
5.2
57.1
33.6
23.5
6.6
79.1
3.5
10.3
4.3
6.0
58.6
34.1
24.4
6.8
74.3
3.5
5.5
-1.1
6.6
58.8
34.3
24.6
6.5
76.9
3.1
8.1
.6
7.5
58.6
34.4
24.3
7.1
69.4
3.4
-.5
-6.9
6.4
60.2
34.5
25.6
6.4
37.8
1.5
6.6
4.9
1.7
26.8
16.6
10.2
2.9
33.7
1.6
1.9
-.3
2.2
27.4
16.6
10.8
2.9
36.5
1.4
5.7
4.1
1.6
26.6
16.6
10.0
2.9
43.0
1.6
11.4
9.7
1.8
27.2
16.6
10.5
2.9
35.7
1.6
3.8
1.7
2.0
27.4
16.6
10.8
2.9
33.4
1.6
1.6
-.7
2.3
27.4
16.6
10.8
2.8
34.7
1.4
3.0
.8
2.2
27.2
16.6
10.6
3.0
31.2
1.5
-.8
-2.9
2.1
27.7
16.6
11.1
2.7
390.5
13.3
31.3
304.8
223.0
81.8
41.0
415.0
14.3
32.0
328.5
240.4
88.2
40.1
394.0
13.4
31.4
307.8
225.0
82.8
41.4
400.5
13.7
31.6
313.7
229.5
84.3
41.5
404.0
13.9
30.8
319.8
233.8
85.9
39.5
409.7
14.2
31.4
325.5
238.1
87.4
38.5
420.2
14.5
32.5
331.4
242.6
88.8
41.8
426.1
14.7
33.3
337.5
246.9
90.6
40.5
175.2
6.2
11.7
139.5
105.6
33.9
17.7
175.4
6.5
12.1
139.5
105.2
34.3
17.3
175.3
6.3
11.7
139.5
105.4
34.0
17.8
175.2
6.3
11.8
139.1
105.1
34.0
18.0
174.5
6.4
11.9
139.2
105.1
34.1
17.0
174.5
6.5
12.0
139.4
105.1
34.2
16.6
176.3
6.6
12.2
139.6
105.2
34.4
17.9
176.3
6.7
12.4
139.8
105.2
34.5
17.5
January 1984
SURVEY OF CURRENT BUSINESS
20
Table 4.1-4.2.—Foreign Transactions in the National Income and Product Accounts in Current and Constant Dollars
Billions of 1972 dollars
Billions of dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Recei ts from forei
Exports of goods and services
Merchandise ...
Durable goods
Nondurable goods
Services
Factor income1
Other
Capital grants received by the United States (net)
Imports of goods and services
Merchandise
Durable goods
Nondurable goods
Services
Factor income *
Other
P yments uiet;
From trow
t /' "tV"
III
IV
I
II
III
IV P
1983 "
1983
III
IV
I
II
III
IV
347.6
335.8
346.0
321.6
326.9
327.1
341.1
348.1
347.6
209.2
119.5
89.8
335.8
198.5
113.7
84.8
346.0
206.6
120.5
86.1
321.6
190.9
108.7
82.2
326.9
195.6
111.8
83.8
327.1
194.3
112.4
81.9
341.1
201.2
114.7
86.5
348.1
203.0
115.9
87.1
147.3
81.4
44.4
37.0
138.9
76.6
41.6
35.0
146.4
80.6
44.5
36.0
136.5
75.4
40.2
35.2
137.3
76.9
41.2
35.7
136.2
75.5
41.2
34.3
140.7
77.4
41.8
35.5
141.5
76.6
42.0
34.6
138.4
86.5
51.9
137.3
82.8
54.5
139.3
87.4
51.9
130.8
80.3
50.5
131.3
76.9
54.5
132.8
79.2
53.7
139.8
85.9
53.9
145.1
89.1
56.0
65.9
42.2
23.7
62.3
38.5
23.8
65.9
42.4
23.5
61.1
38.5
22.6
60.4
36.3
24.1
60.7
37.1
23.6
63.3
39.9
23.4
64.9
40.9
24.0
0
0
0
0
0
0
0
0
347.6
335.8
346.0
321.6
326.9
327.1
341.1
348.1
330.2
244.5
123.4
121.1
346.4
260.9
139.6
121.3
345.0
257.9
126.0
131.9
316.1
235.0
114.0
121.0
309.9
230.9
124.7
106.2
335.6
251.3
134.6
116.8
359.4
272.7
141.6
131.1
380.7
288.6
157.5
131.1
118.4
79.7
52.3
27.4
127.2
89.2
59.0
30.2
122.4
83.0
53.4
29.6
113.5
77.0
49.0
28.0
116.8
81.4
53.2
28.2
123.9
86.2
56.6
29.6
129.2
90.7
59.9
30.8
139.0
98.3
66.1
32.2
85.7
39.3
46.4
85.5
36.7
48.9
87.1
40.9
46.3
81.0
34.3
46.7
79.0
32.6
46.5
84.2
35.1
49.2
86.7
37.9
48.8
92.1
41.1
50.9
38.7
19.1
19.5
38.1
17.1
21.0
39.5
19.8
19.6
36.5
16.4
20.1
35.4
15.4
20.0
37.7
16.4
21.3
38.5
17.6
20.9
40.7
18.9
21.8
7.5
1.1
6.3
7.0
1.1
5.8
6.9
1.1
5.8
8.7
1.0
7.6
6.1
1.0
5.0
7.1
1.1
6.0
7.2
1.2
6.0
7.6
1.2
6.4
18.2
17.6
18.9
18.8
17.6
24.8
21 9
67
-35.2
-8.3
gn
1982
1983
1982
1983 "
1982
1982
17.7
17.4
-43.2
-33.0
17.6
-57.8
Table 4.1-4.2:
1. Equals rest-of-the-world production as shown in tables 1.5-1.6.
Table 4.3-4.4.—Merchandise Exports and Imports by Type of Product and by End-Use Category in Current and Constant Dollars
Billions of dollars
Billions of 1972 dollars
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1982
Merchandise exports ..
1982
1983 P
1982
1983
III
IV
II
I
III
IV P
1983 "
1983
1982
III
IV
I
II
III
IV p
209.2
198.5
206.6
190.9
195.6
194.3
201.2
203.0
81.4
76.6
80.6
75.4
76.9
75.5
77.4
Foods, feeds, and beverages ....
31.6
31.4
28.6
27.4
31.6
30.0
31.5
32.4
14.5
13.8
13.5
13.3
14.8
13.6
13.7
13.3
Industrial supplies and materials.
Durable goods ...
Nondurable goods
61.6
16.9
44.7
56.8
16.2
40.5
59.6
16.6
43.1
57.4
15.7
41.6
55.0
15.0
39.9
55.4
15.9
39.5
57.9
16.8
41.1
58.9
17.2
41.7
21.7
5.9
15.7
20.6
5.9
14.7
21.2
5.9
15.3
20.7
5.7
15.0
20.0
5.5
14.5
20.2
5.8
14.4
21.1
6.1
15.0
21.0
6.1
14.9
Capital goods, except autos
73.8
68.1
73.7
67.4
69.4
67.9
67.0
68.0
28.4
25.8
28.2
25.7
26.4
25.7
25.3
25.6
Autos
17.1
18.4
17.8
14.3
16.6
18.2
19.0
19.8
5.4
5.6
5.5
4.4
5.1
5.6
5.8
5.9
Consumer goods
Durable goods
Nondurable goods
14.8
6.5
8.3
14.0
6.0
8.0
14.7
6.4
8.3
14.3
6.1
8.1
13.8
6.1
7.7
13.7
5.8
7.8
14.3
6.1
8.2
14.3
6.1
8.2
7.4
2.6
4.8
7.0
2.4
4.6
7.3
2.5
4.8
7.3
2.4
4.8
7.0
2.4
4.6
6.9
2.3
4.6
7.1
2.5
4.7
7.1
2.5
4.6
10.3
5.1
5.1
9.9
4.9
4.9
12.2
6.1
6.1
10.0
5.0
5.0
9.2
4.6
4.6
9.2
4.6
4.6
11.5
5.8
5.8
9.6
4.8
4.8
4.0
2.0
2.0
3.8
1.9
1.9
4.8
2.4
2.4
4.0
2.0
2.0
3.6
1.8
1.8
3.6
1.8
1.8
4.4
2.2
2.2
3.6
1.8
1.8
98.3
:
Other
Durable goods
Nondurable goods
76.6
Merchandise imports
244.5
260.9
257.9
235.0
230.9
251.3
272.7
288.6
79.7
89.2
83.0
77.0
81.4
86.2
90.7
Foods, feeds, and beverages
17.1
18.4
18.7
17.7
17.7
18.2
18.5
19.0
7.2
7.7
8.0
7.4
7.6
7.7
7.7
7.9
Industrial supplies and materials, excluding petroleum
Durable goods
Nondurable goods
46.7
23.9
22.8
51.8
27.4
24.4
47.1
23.3
23.8
44.6
22.0
22.7
47.8
23.2
24.5
50.5
26.4
24.1
52.4
28.9
23.5
56.5
31.1
25.4
16.3
8.3
8.0
19.1
10.1
9.0
16.7
8.2
8.5
16.1
7.9
8.2
17.5
8.5
9.0
18.5
9.7
8.8
19.2
10.6
8.6
21.2
11.6
9.5
Petroleum and products
61.2
55.6
68.9
60.5
42.0
52.1
66.3
62.0
5.1
5.1
5.8
5.0
3.6
4.9
6.1
5.7
Capital goods, except autos
38.3
41.1
38.7
34.5
37.2
38.6
41.8
46.8
18.9
20.4
19.1
17.3
18.5
19.0
20.8
23.1
Autos
34.3
41.9
37.5
31.3
36.9
41.1
41.5
48.4
11.5
13.7
12.7
10.5
12.2
13.5
13.6
15.6
Consumer goods
Durable goods
Nondurable goods
39.7
23.3
16.4
44.8
25.5
19.3
40.3
23.3
17.0
39.0
22.5
16.5
43.2
24.3
18.8
43.8
25.0
18.8
44.1
25.3
18.8
48.0
27.3
20.7
17.9
12.1
5.8
20.2
13.3
6.9
18.1
12.1
6.0
17.7
11.8
5.8
19.4
12.7
6.7
19.7
13.0
6.8
19.9
13.2
6.7
21.6
14.2
7.4
Other
Durable goods
Nondurable goods
7.2
3.6
3.6
7.3
3.7
3.7
6.7
3.3
3.3
7.3
3.6
3.6
6.2
3.1
3.1
7.1
3,6
3.6
8.0
4.0
4.0
7.9
4.0
4.0
2.9
1.5
1.5
3.0
1.5
1.5
2.7
1.4
1.4
3.0
1.5
1.5
2.6
1.3
1.3
2.9
1.5
1.5
3.3
1.6
1.6
3.2
1.6
1.6
37.2
172.0
183.3
36.7
161.8
205.3
33.8
172.9
189.0
33.1
157.8
174.5
36.0
159.5
188.9
35.3
158.9
199.2
37.8
163.5
206.3
37.6
165.4
226.6
17.1
64.3
74.6
16.2
60.4
84.1
15.9
64.7
77.2
15.9
59.6
71.9
16.8
60.1
77.7
16.0
59.6
81.4
16.4
61.0
84.6
15.5
61.1
92.6
Addenda:
Exports:
Agricultural products
Nonagricultural products
Imports of nonpetroleum products
SURVEY OF CURRENT BUSINESS
January 1984
Table 5.1.—Gross Saving and Investment
21
Table 5.10-5.11.—Inventories and Filial Sales of Business in Current
and Constant Dollars
Billions of dollars
Billions of dollars
Seasonally adjusted at annual rates
1982
1983 f
1982
III
Gross saving
Seasonally adjusted quarterly totals
1983
IV
I
III
II
405.8
436.0
397.9
351.3
398.5
420.6
455.4
521.6
125.4
567.8
113.1
524.9
123.0
526.6
120.8
541.5
121.7
535.0
91.5
587.5
115.8
123.5
Undistributed profits
IVA
CCAdj
37.0
46.4
-8.4
-1.1
77.4
56.3
-9.8
30.8
38.9
47.7
-9.0
.1
37.5
43.1
-10.3
4.7
48.9
36.7
-1.7
13.9
70.1
55.2
-10.6
25.6
89.7
70.4
-18.3
37.6
-8.5
46.3
Capital consumption allowances with CCAdj:
Corporate
Noncorporate
Wage accruals less disbursements
222.0
137.2
231.6
145.8
224.5
138.5
227.7
140.5
228.3
142.6
229.8
143.5
233.1
148.6
235.1
148.5
0
0
0
0
0
0
0
0
Gross private saving
Personal saving. .
Undistributed
corporate
profits with IVA and
Government surplus or
deficit (-), NIPA's
Federal
State and local
-115.8 -131.8 -127.0 -175.3 -142.9 -114.4 -131.8
-147.1 -182.9 -158.3 -208.2 -183.3 -166.1 -187.3
51.7
55.5
40.4
31.3
51.0
31.3
32.9
Capital grants received by
the United States (net)
0
0
0
0
0
0
0
0
406.2
436.1
400.5
355.5
397.4
417.1
457.9
472.0
Gross private domestic investment
Net foreign investment
414.5
-8.3
471.3
-35.2
425.3
-24.8
377.4
-21.9
404.1
-6.7
450.1
-33.0
501.1
-43.2
529.8
-57.8
Statistical discrepancy
.5
.1
2.5
4.2
-1.2
-3.5
2.5
Gross investment
1983
1982
IV *
Inventories1
Farm
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
. ..
......
Retail trade
Durable goods
Nondurable goods
Other
Final sales2
Final sales of goods and structures
Ratio* Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods
and structures
III
IV"
793.9
82.6
711.3
401.5
309.8
807.5
81.9
725.5
409.5
316.1
816.9
82.4
734.6
415.9
318.6
332.7
214.3
118.4
334.9
216.6
118.3
341.1
219.1
122.0
343.1
220.6
122.5
163.5
104.1
59.5
134.2
88.8
45.4
29.3
15.2
14.1
159.1
100.9
58.1
131.8
86.0
45.8
27.3
15.0
12.3
159.2
100.0
59.2
131.3
84.8
46.5
27.9
15.2
12.7
164.1
103.0
61.0
135.2
87.7
47.5
28.9
15.4
13.5
167.3
105.1
62.2
138.4
89.6
48.7
28.9
15.5
13.5
143.2
66.2
77.0
72.7
141.3
64.3
77.1
71.3
143.3
65.8
77.4
72.1
145.6
66.1
79.5
71.6
149.3
68.4
80.9
71.1
153.0
71.1
82.0
71.1
217.9
130.7
223.0
133.8
226.2
135.2
232.0
138.6
236.8
141.9
241.3
143.8
3.74
3.35
3.58
3.22
3.50
3.13
3.42
3.07
3.41
3.06
3.39
3.04
5.59
5.36
5.23
5.13
5.11
5.11
I
III
IV
814.9
84.6
730.3
416.9
313.5
798.4
80.7
717.7
407.3
310.4
791.5
84.3
707.1
399.8
307.3
349.4
226.0
123.4
341.5
220.2
121.4
165.0
106.0
59.0
135.2
90.4
44.8
29.9
15.6
14.2
II
Billions of 1972 dollars
Table 5.8-5.9.—Change in Business Inventories by Industry in Current
and Constant Dollars
Billions of dollars
Seasonally adjusted at annual rates
1982
1983 "
III
Change in business inventories
-24.5
Farm
Nonfarm
Change in book value
IVA1
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers.
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
1983 "
1982
IV
I
564
394 -14.5
II
III
IV P
-6.9
-4.9
8.5
17.7
-1.4
-23.1
-13.9
93
-5.7
-1.2
9.5
107
-.4 -4.2 -9.9
-2.6
27
18.4
-2.3 -53.7 -39.0 -10.3
7.7 -42.4 -37.7
38.8
1.5
100 -11.3
1 3 11 8 204
-8.3
26.0
35.5
95
-20.6
-14.1
-6.4
21
-1.0
-1.0
.2
.2
0
-2.2
-1.2
10
-1.0
-1.0
0
.5
.7
-.2
-7.0 -13.3
29 9 -3.1
324
.1
-6.2 -10.5 -25.3 -24.2
-.8 -2.9 -7.1 -5.7 -3.2
77
.5 -5.7 -18.1
18
2.8 -9.5 -16.0 -7.5
-2.2
.4 -2.3
-.1
3.8 -2.0
.1 -5.1 -13.1 -7.6
-1.1
14 6 -7.7
3.8
-1.9
75
37
1.5 ,
2.4
.9
.1
.4
-.7
-.6 -5.0
-.1
.1
-.2 -1.0 -2.0 -1.4
2
1.4
1.4
36
-.5
3.9
11.7 -9.2
7.9
6.9
3.5
-.7
4.6
12.8 -10.4
4.6
3.4
3.3 -1.1
1.3
4
34
12 -6.5
2.1
-.7
1.3
-.4
.2 -1.5
0
-2.5 -6.7
3.6 -2.7
2.5
-2.5
5.0
8.9
9.5
-.7
7.2
9.5
23
1.7
0
1.7
8.1
6.0
2.1
10
.1
-1.1
2.7
1.9
.8
9.7
5.3
4.4
9.2
5.0
4.2
.5
.4
.2
12.9
9.8
3.1
.7
.4
.4
Billions of 1972 dollars
Change in business inventories
Farm.
Nonfarm
Change
in book value
IVA1
Manufacturing
Durable goods .
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
-9.4
-2.4
-1.3
22.7
15.4
5.4
3.8
7.5
-.8
-8.6
-2.9
.5
-1.4 -1.6
.1 -21.1
-.3
151
-2.1
33
-5.0
8.8
-4.2
11.7
84
-6.0
24
-.1
-.3
.2
.6
.2
.4
-.8
5
-.2
5
-.5
0
.4
.3
.1
-2.6 -5.5
13 6
123
-2.5 -4.5 -10.6 -10.1
_i
22
-.9
30
-'.3
.4 -2.4 -6.7
-.9
1.4 -3.8
67
.6 -1.0
1.4
0
j
.7 -1.6 -5.3
-.8
1.8 -3.0 -6.1
11
.7
1.4
.7
-.2
-.3
-.9
13
1
4
-.8
-.6
7
-.1
-.1
0
3.6
5.3 -4.1
3.1
2.1
5.8 -4.6
1.7
5
1.6
.5
1.4
-.2
-.2 -1.0
.8
-.2
.6
.1
-.6
0
-.7 -1.1
1.4
g
.2
10
-2.9
31
.3
-2.9
-3.2
.3
.1
.1
0
1.7
-.5
2.2
-1.3
-.3
-1.0
1.4
-.9
2.3
4.1
4.0
.1
3.8
4.0
-.3
.3
0
.3
3.8
2.6
1.2
-.5
0
-.5
1.3
.9
.3
4.2
2.3
1.9
4.1
2.2
1.9
.1
.1
0
5.9
4.4
1.6
.3
.2
.1
Inventories I
344.0
338.3
334.5
333.1
334.1
335.9
,
43.8
300.2
181.2
119.0
43.4
294.9
176.4
118.5
43.3
291.2
172.5
118.7
42.8
290.3
171.6
118.8
41.5
292.5
173.0
119.5
40.5
295.5
174.9
120.5
,
143.0
97.3
45.7
139.6
94.6
44.9
136.5
92.1
44.4
136.3
92.1
44.1
136.6
91.9
44.7
136.9
92.1
44.8
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
67.7
45.1
22.6
56.9
38.2
18.7
10.8
6.9
3.9
67.1
44.1
22.9
56.5
37.5
19.0
10.6
6.6
3.9
65.4
42.5
22.9
55.2
36.0
19.2
10.2
6.5
3.7
64.7
41.7
23.0
54.4
35.2
19.3
10.3
6.5
3.7
65.7
42.7
23.0
55.4
36.2
19.2
10.3
6.5
3.8
66.8
43.3
23.5
56.4
36.7
19.7
10.4
6.6
3.8
Retail trade
Durable goods
Nondurable goods
Other
66.1
30.6
35.5
23.4
65.1
29.5
35.7
23.2
65.9
29.9
36.0
23.4
66.3
29.8
36.5
23.0
67.3
30.4
36.8
22.9
68.8
31.5
37.2
23.0
105.1
64.4
106.6
65.7
106.8
65.6
108.9
67.3
110.3
68.6
111.4
69.2
3.27
2.86
3.18
2.77
3.13
2.73
3.06
2.67
3.03
2.65
3.02
2.65
4.66
4.49
4.44
4.31
4.27
4.27
Farm
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods
Final sales2
Final sales of goods and structures
Ratio: Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods
and structures
Table 5.10-5.11:
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories
calculated from current-dollar inventories in this table is not the current-dollar change in business inventories (CBI) component of GNP. The former is the difference between two inventory
stocks, each valued at their respective end-of-quarter prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition, changes calculated
from this table are at quarter rates, whereas CBI is stated at annual rates. Quarter-to-quarter
changes calculated from the constant-dollar inventories shown in this table are at quarterly
rates, whereas the constant-dollar change in business inventories component of GNP is stated at
annual rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product of
households and institutions, government, and rest-of-the-world and includes a small amount of
final sales by farms.
Table 5.8-5.9:
1. The IVA shown in this table differs from that which adjusts business income. The IVA in
this table reflects the mix of methods (first-in-first-out, last-in-first-out, etc.) underlying book
value inventories derived primarily from Census Bureau Statistics. The mix differs from that underlying business income derived primarily from Internal Revenue Service statistics.
22
January 1984
SURVEY OF CURRENT BUSINESS
Table 6.4.—National Income Without Capital Consumption Adjustment
by Industry
Table 7.1.—Implicit Price Deflators for Gross National Product
Index numbers, 1972=100
Billions of dollars
Seasonally adjusted
Seasonally adjusted at annual rates
1982
1983 *
1982
III
National
income
without CCAdj
I
IV
III
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
.
2,492.4 2,652.0 2,499.8 2,508.1 2,553.0 2,622.6 2,685.6
Private industries
2,081.6 2,216.8 2,087.7 2,087.8 2,127.5 2,192.2 2,245.4
68.4
39.8
106.7
69.0
35.2
113.7
62.7
36.7
105.7
73.4
33.9
106.2
69.7
34.6
108.4
68.6
33.0
111.9
63.7
36.1
116.4
Manufacturing
Durable goods
Nondurable goods
548.9
316.7
232.2
590.2
343.1
247.1
555.8
320.3
235.5
530.3
298.5
231.7
551.9
318.9
233.0
581.6
337.7
243.8
607.6
353.5
254.1
Transportation and
public utilities
Transportation
Communication
Electric, gas, and
sanitary services
199.9
83.0
60.2
205.1
85.0
59.4
198.9
82.7
60.2
197.7
81.5
59.7
198.8
82.1
60.0
204.4
83.8
60.9
205.0
86.6
56.1
56.7
60.7
56.0
56.5
56.8
59.7
62.3
152.4
209.7
161.5
225.5
151.5
211.0
151.0
215.8
151.1
218.8
159.4
223.6
164.8
228.7
369.8
386.0
394.1
422.5
372.8
392.5
379.5
400.1
386.6
407.6
392.7
417.1
395.7
427.4
363.5
389.0
365.6
374.3
381.2
386.3
392.2
47.3
46.1
46.6
46.0
44.3
44.1
48.1
206.9
176.1
210.2
213.4
209.0
176.1
211.2
217.2
210.1
177.3
210.6
219.8
212.5
177.5
213.4
223.1
214.7
179.1
215.5
225.7
216.3
180.4
215.5
229.1
215.3
209.7
265.8
183.1
240.2
244.0
245.9
168.7
216.6
206.9
264.0
182.9
247.4
250.5
251.4
172.5
215.3
209.6
264.3
183.3
240.9
244.9
242.4
169.8
215.7
209.9
265.4
183.2
238.4
241.5
249.9
171.1
215.9
207.7
264.0
181.8
244.9
248.2
248.2
171.7
215.5
206.3
263.7
182.1
243.9
246.8
249.8
171.5
217.0
206.3
263.7
182.7
249.0
251.9
251.5
172.4
217.9
207.5
264.5
184.9
251.2
254.2
254.9
174.4
236.0
278.9
241.7
272.3
236.3
281.8
235.6
278.5
238.0
265.4
240.2
270.7
242.5
278.1
246.0
274.0
222.5
222.0
227.7
210.0
222.9
235.3
233.3
237.8
222.0
236.6
224.4
223.8
228.3
213.9
224.7
226.8
224.4
234.3
205.7
228.5
231.3
230.9
234.9
221.7
231.6
234.0
232.7
236.7
222.6
234.8
236.5
233.8
238.8
221.7
238.3
239.3
235.8
240.7
222.2
241.6
Net exports of goods and
Exports
Imports
Government purchases of
goods and services
.
Federal
National defense
Nondefense
State and local
47.9
Table 7.2.—Fixed-Weighted Price Indexes for Gross National Product,
1972 Weights
Index numbers, 1972=100
Billions of dollars
Seasonally adjusted
Seasonally adjusted at annual rates
1982
1983 *
Corporate
with IVA
1982
1983
1982
m
Domestic industries
Financial
Nonfinancial
Rest of the world
I
IV
III
II
164.8
226.3
168.5
161.9
181.8
218.2
248.4
143.0
19.0
124.0
21.8
204.4
29.8
174.5
22.0
147.8
20.2
127.5
20.7
137.8
23.5
114.3
24.1
161.6
27.8
133.9
20.2
197.7
32.1
165.7
20.5
225.0
30.5
194.5
23.4
165.9
195.5
168.3
157.2
168.0
192.7
210.8
144.1
173.5
147.6
133.1
147.8
172.2
187.4
Financial
,
Federal Reserve Banks...
Other
20.9
15.4
5.5
31.4
14.9
16.5
22.2
15.7
6.5
25.5
14.9
10.6
29.8
14.4
15.4
33.8
14.6
19.2
31.9
15.2
16.8
Nonfinancial
Manufacturing
Durable goods
Primary metal industries
Fabricated metal
products
Machinery, except
electrical
Electric and electronic equipment ..
Motor vehicles and
equipment
Other
123.2
59.0
9.8
142.1
69.4
17.8
125.4
65.5
12.9
107.6
48.3
1.2
118.0
53.7
10.0
138.4
68.1
18.3
155.5
78.2
21.3
-5.6
-6.0
-1.6
— 1.1
-.6
2.8
4.0
3.9
2.3
Nondurable goods
Food and kindred
products
Chemicals
and
allied products
Petroleum and coal
products
Other
Transportation and
public utilities
Wholesale and retail
trade
Other
Rest of the world
-5.4
-.9
3.2
3.6
3.1
4.8
2.1
3.5
1.8
1.1
2.9
4.3
3.1
5.1
2.4
3.5
3.0
2.7
.4
2.5
6.9
3.0
3.3
3.5
-1.2
2.2
3.0
1.2
5.6
3.9
10.2
2.8
49.2
51.6
52.6
47.1
43.6
49.9
56.9
2.1
7.3
6.7
8.0
7.2
6.9
6.9
6.3
4.9
6.0
4.6
3.0
4.8
5.5
6.8
24.8
12.2
21.2
17.7
26.8
13.2
23.5
13.4
15.9
16.0
20.0
17.4
24.7
19.1
17.5
20.6
17.3
14.9
17.4
20.4
22.5
27.6
19.1
34.2
17.8
25.2
17.4
27.5
16.9
27.8
19.2
33.9
16.0
36.7
18.1
21.8
22.0
20.7
24.1
20.2
20.5
23.4
1983 »
IV P
Gross national product
profits
Domestic industries
IV "
213.4
178.6
213.8
224.5
205.3
174.8
209.0
, 211.6
Fixed investment
,
Nonresidential
Structures
Producers' durable equipment ..
Residential *
Nonfarm structures ...
Farm structures
Producers' durable equipment ..
Table 6.20.—Corporate Profits by Industry
Corporate
profits
with
IVA
and
CCAdj
III
Gross private domestic
Agriculture,
forestry,
and fisheries
Mining
Construction
Rest of the world
II
I
206.88 215.63 208.03 210.00 212.83 214.55 216.44 218.53
Gross national product
2,445.1 2,605.8 2,453.3 2,462.1 2,508.7 2,578.4 2,637.5
Government and government enterprises
IV
IV t
III
II
1983
1982
1983 *
1983
Domestic industries
Wholesale trade
Retail trade
Finance, insurance, and
real estate
Services
,
1982
1983
1982
III
IV
I
II
III
IV
214.7
223.9
216.2
218.7
220.6
222.9
225.5
228.0
Personal consumption
expenditures
Durable goods
Nondurable goods
Services
213.2
181.2
219.0
218.9
222.0
185.9
223.3
233.1
214.7
182.3
220.1
220.8
217.4
182.9
221.7
225.3
218.3
183.9
220.0
228.5
220.9
184.8
222.7
231.6
223.3
186.6
224.4
234.8
225.8
188.5
226.0
238.3
Gross private domestic
investment
Fixed investment
Nonresidential ....
Structures
Producers' durable equipment ..
Residential
Change in business inventories
231.5
225.7
246.2
214.0
242.4
235.1
230.3
248.3
219.9
244.3
232.8
227.2
246.9
215.9
243.3
232.5
228.6
248.2
217.4
240.0
235.6
229.9
248.1
219.4
246.5
235.2
230.1
247.5
220.1
244.9
237.4
230.9
248.4
220.8
249.7
238.6
231.6
249.3
221.5
252.0
244.1
309.4
249.2
299.5
244.2
306.7
243.9
306.1
245.8
303.2
247.4
298.2
249.8
299.4
253.6
299.0
226.4
230.6
236.7
215.0
223.6
236.9
238.1
244.0
222.9
236.2
227.5
230.8
236.6
215.8
225.3
231.4
235.6
241.9
219.7
228.6
233.7
237.0
242.9
221.7
231.5
235.2
236.2
241.8
221.9
234.5
238.3
238.7
244.7
223.3
238.0
240.6
240.3
246.4
224.6
240.9
Addenda:
Gross domestic purchases1
218.9
Final sales
214.7
Final1 sales to domestic purchas218.9
ers ...
227.2
224.0
220.2
216.3
222.7
218.8
224.3
220.6
226.1
222.9
228.7 230.9
225.5 228.0
227.3
220.3
222.8
224.3
226.2
228.7
231.0
221.7
218.2
218.4
219.5
222.3
221.6
223.5
365.6
366.8
374.9
357.0
362.9
370.4
372.0
208.8
199.7
202.6
205.1
207.4
210.2
212.9
224.0
223.7
216.3
216.8
218.8
218.8
220.6
220.8
223.0
223.0
225.5
225.6
228.1
228.1
Net exports of goods and
services
Exports
Imports
Government purchases of
goods and services .
Federal
National defense
Nondefense
State and local
,
Personal consumption
expendi217.3
tures, food
Personal consumption expenditures, energy
363.7
Other personal consumption expenditures
198.1
Gross domestic product
Business
Nonfarm
214.7
215.2
2152
Table 7.1-7.2:
1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
23
SURVEY OF CURRENT BUSINESS
i
January 1984
Table 7.3.—Implicit Price Deflators for Gross National Product by
Major Type of Product
Table 7.7.—Current-Dollar Cost and Profit Per Unit of Constant-Dollar
Gross Domestic Product of Nonfinancial Corporate Business
Dollars
Index numbers, 1972=100
Seasonally adjusted
1982
1982
1983 '
III
Seasonally adjusted
1982 1983 *
1983
IV
I
II
III
W
206.88 215.63 208.03 210.00 212.83 214.55 216.44 218.53
Gross national product
207.2
215.7
208.2
210.6
213.3
214.7
216.4
218.4
193.6
198.2
194.5
194.0
196.7
197.5
198.7
199.9
Final sales
Change in business inventories
194.5
198.6
194.8
195.8
198.1
198.1
198.5
199.5
Durable goods
Final sates
Change in business inventories
Nondurable goods
Final sales
.......
Change in business inventories
185.7
187.0
188.1
188.6
188.6
188.5
184.9
188.5
184.8
188.1
186.8
187.5
189.7
189.0
190.5
189.6
199.0
199.8
205.6
205.9
198.7
199.2
199.9
200.8
204.6
205.1
205.3
205.9
205.4
205.5
207.1
206.9
Final sales
Change in business inventories
Goods
Services
212.2
225.8
213.9
218.2
221.3
224.5
227.1
230.4
Structures ...
251.9
252.7
251.4
250.2
252.0
250.9
253.1
254.5
Addenda:
Gross domestic purchases 1
209.8
Final 1 sales to domestic purchasers
210.1
218.0
211.4
212.9
214.7
216.8
219.2
221.0
218.1
211.5
213.5
215.1
217.0
219.2
220.9
1983
1982
III
IV
I
II
III
IV*
Current-dollar cost and profit per
unit of constant-dollar
gross domestic product 1
2.072 2.146 2.079 2.097 2.123 2.136 2.153
Capital consumption allowances with CCAdj...
Net domestic product
Indirect business tax and nontax liability
plus business transfer payments less
subsidies .. . .
Domestic income
Compensation of employees
Corporate profits with
IVA and CCAdj
Profits tax liability
Profits after tax with IVA and CCAdj ...
Net interest
.245 .244 .247 .254 .252 .245 .241
1.827 1.902 1.832 1.843 1.872 1.892 1.911
iz
.209 .220 .209 .215 ,218 .223 .221
1.618 1.682 1.623 1.627 1.654 1.669 1.690
1.397 1.420 1.403 1.419 1.428 1.416 1.412
.145
.048
.097
.076
.195
.062
.134
.066
.148
.049
.099
.072
.135
.040
.095
.073
.156
.049
.108
.070
.187
.062
.125
.066
.214
.070
.144
.065
Table 7.8.—Implicit Price Deflators for Auto Output
Index numbers, 1972=100
Seasonally adjusted
1982 1983 P
Table 7.4.—Implicit Price Deflators for Gross National Product by
Sector
III
Auto output
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
206.88 215.63 208.03 210.00 212.83 214.55 216.44 218.53
2Q69
2060
2065
2089
1881
1902
2060
2156
2139
2145
2166
1983
1941
2139
208 1
2071
2073
2097
1897
1986
2071
2100
2085
2093
2115
1927
186.5
2085
212 9
2113
2120
2142
1950
1912
2113
2146
2129
2135
2156
1971
1928
2129
2165
2147
2153
2173
1994
1926
2147
2185
2167
217 1
2191
2016
200.3
2167
Households and institutions
Private households
Nonprofit institutions
229.2
2342
2288
241.9
2374
2422
2319
2345
2317
236.4
2345
2365
238.0
2347
2383
241.1
2376
2414
2430
2372
2435
245.2
2397
2457
Government
Federal
State and local
2077
2004
211.2
2221
2087
228.6
2088
1992
2134
2141
2054
218.3
2177
2078
222.5
2206
2084
226.5
2236
2090
230.6
2265
2097
234.6
2051
2147
2062
2084
211 6
213 6
2156
2179
;
Rest of the world
Addendum:
Gross domestic business product
less housing
2077
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases
Change in business
Addenda:
Domestic output of new autos2 l
Sales of imported new autos
Table 7.5.—Implicit Price Deflators for the Relation of Gross National
Product, Net National Product, and National Income
206.88 215.63 208.03 210.00 212.83 214.55 216.44 218.53
Less: Capital consumption allowances with CCAdj
2210
2232
2225
222.5
223.1
222.5
223.7
223.7
205.1
214.7
206.2
208.4
211.6
213.6
215.6
217.9
Equals: Net national product
1857
1805
1790
1819
1894
1885
Statistical discrepancy
206.0
213.9
2071
208.5
211.3
212.9
214.7
Equals* National income
2085
2184
2095
212.1
215.3
216.6
219.0
182.9
Table 7.3:
1. Gross domestic purchases equals GNP less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
Table 7.7:
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the
decimal point shifted two places to the left.
Table 7.8:
1. Consists of final sales and change in business inventories of new autos produced in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government purchases.
I
II
III
IV P
173.1 177.7 175.3 172.5 175.0 176.0
179.1 179.9
173.4 178.1 175.7 174.7 176.0 178.0
199.1 206.4 203.2 199.9 203.7 203.2
177.8 182.4 179.1 178.9 181.0 181.0
178.7 179.6
207.8 210.4
182.3 185.2
132.4 124.5 132.4 128.9 128.4 127.1
177.8 182.5 179.1 178.9 180.9 180.9
124.8 118.9
182.4 185.1
182.0 190.0 185.1 182.6 187.2 188.6
241.0 248.0 238.8 245.1 244.3 240.2
147.9 150.1 149.9 148.5 150.1 149.2
192.3 191.6
252.6 255.1
150.8 150.3
177.8 183.1 179.5 178.4 181.0 181.2
177.8 182.4 179.1 179.0 180.9 181.0
183.1 185.9
182.3 185.2
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports
Exports
Imports
Government purchases
Change in business inventories
212.9 216.1 215.8 213.8 216.4 212.8 216.7 218.1
2131 2159 214 9 2134 2174 212.8 215.3 218.0
177.7 182.6 179.1 178.9 181.1 181.0 182.5 185.3
2349 2426 2378 2359 2433 2425 242.7 2419
2349 2426 2379 2358 243.3 242.4 242.6 241.9
209.4 215.6 213.1 211.3 215.3 215.2 217.2 214.7
2353 2426 2378 2359 2433 2426 2427 2419
Table 7.11.—Implicit Price Deflators for Personal Consumption
Expenditures by Major Type of Product
Less:
Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus
current surplus of government
1785
enterprises
Table 7.9:
1. Includes new trucks only.
IV
Table 7.9.—Implicit Price Deflators for Truck Output
Truck output 1
Gross national product
1983
1982
Personal consumption expenditures
205.3 213.4 206.9 209.0 210.1 212.5 214.7 216.3
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
174 8
191.3
156.5
181.3
1786
195.8
158.0
185.7
176 1
1941
156.9
181.8
176 1
1920
157.6
182.7
1773
194.5
157.8
183.9
1775
193.7
157.6
184.2
1791
196.4
157.9
187.3
1804
198.4
158.5
187.3
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
209.0
2157
141 1
357 1
218.8
5656
2004
213.8
2209
1438
3458
231.8
5312
2143
210.2
2167
1417
3617
220.6
5639
2016
211.2
2171
1415
3615
225.5
5900
2068
210.6
2187
1417
3312
226.9
541.1
2114
213.4
2216
1429
343.8
231.1
518.3
2134
215.5
2209
1453
354.2
234.3
529.9
2155
215.5
2224
1453
354.2
234.5
538.1
2168
Services
Housing
Household operation
Electricity and gas
Other
Transportation
Other
2116
1950
227.0
3063
1759'
2154
2203
2245
2062
241.6
3290
1861
2309
2337
2134
1967
228.6
3086
1777
2182
2220
217 2
2002
233.4
3210
1797
2208
2261
2198
2026
235.7
322.8
1843
224.6
2289
2231
204.9
242.1
330.3
1856
225.5
2324
2257
2074
242.3
327.7
1864
233.4
2350
2291
2098
246.2
334.6
1879
240.0
2386
SURVEY OF CURRENT BUSINESS
24
Table 7.14B.—Implicit Price Deflators for Government Purchases of
Goods and Services by Type
January 1984
Table 7.17.—Implicit Price Deflators for Merchandise Exports and
Imports by Type of Product and by End-Use Category
Index numbers, 1972=100
Index numbers, 1972=100
Seasonally adjusted
Seasonally adjusted
1982
Government purchases of
goods and services
1982
1983"
1982
1983
III
IV
I
II
III
IV"
222.5
235.3
224.4
226.8
231.3
234.0
236.5
239.3
222.0
233.3
223.8
224.4
230.9
232.7
233.8
235.8
National defense
Durable goods
Nondurable goods
Services
Compensation of
employees
Military
Civilian
Other services
Structures
227.7
228.4
488.3
213.6
237.8
242.6
452.6
223.8
228.3
232.5
491.1
213.2
234.3
235.1
501.9
219.4
234.9
234.8
471.7
221.6
236.7
238.2
453.8
224.0
238.8
246.9
443.8
224.3
240.7
250.4
441.2
225.4
201.9
205.7
196.4
234.8
224.3
209.7
212.5
205.9
247.2
229.7
200.5
204.0
195.5
235.6
222.2
207.1
211.5
200.9
240.6
222.8
208.9
211.8
204.8
243.3
225.2
209.4
212.2
205.4
249.3
227.7
210.0
212.8
206.1
247.2
231.6
210.6
213.1
207.1
248.9
233.6
Nondefense
Durable goods
Nondurable goods
Commodity Credit Corporation inventory change
Other nondurables
Services .
Compensation of
employees.
....
Other services
Structures
210.0
210.0
222.0
215.8
213.9
212.0
205.7
213.9
221.7
213.8
222.6
215.2
221.7
214.9
222.2
219.6
State and local
Durable goods .
Nondurable goods
Services
Compensation of employees...
Other services
Structures
Federal
302.0
205.6
308.0
215.2
293.9
205.8
296.6
210.3
293.6
213.7
294.3
214.7
341.7
215.5
301.4
217.0
197.5
218.7
231.7
206.7
228.4
233.6
196.6
220.9
232.5
201.9
223.6
231.9
205.6
226.1
233.1
206.2
227.7
232.9
206.9
229.0
234.2
207.9
230.7
234.0
222.9
212.8
267.1
218.5
211.2
241.0
231.9
236.6
219.6
263.8
235.6
228.6
257.1
232.4
224.7
214.1
267.9
220.7
213.4
243.3
231.9
228.5
215.5
268.7
225.5
218.3
247.8
230.1
231.6
217.2
259.4
229.8
222.5
252.2
232.2
234.8
219.0
262.0
233.6
226.5
255.3
232.0
238.3
220.4
265.6
237.5
230.6
258.5
233.2
241.6
221.8
267.9
241.4
234.6
262.1
232.1
Table 7.16.—Implicit Price Deflators for Exports and Imports of Goods
and Services
Index numbers, 1972=100
1982
Merchandise
Durable goods
Nondurable goods.
I
II
III
IV"
Merchandise exports
257.0
259.2
256.5
253.1
254.3
257.2
260.0
265.1
Foods, feeds, and beverages
Industrial supplies and
materials
Durable goods
Nondurable goods
218.0
226.5
212.2
205.4
213.7
220.1
229.7
244.1
284.3
284.3
284.4
276.2
276.2
276.2
280.7
280.7
280.7
277.1
277.1
277.1
275.1
275.0
275.1
274.5
274.5
274.5
274.9
275.0
274.9
280.2
280.1
280.2
259.6
316.7
200.1
250.9
172.6
256.8
256.8
256.9
264.0
329.7
199.6
250.5
173.0
259.2
259.2
259.1
261.7
320.2
199.9
254.2
171.7
256.5
256.5
256.5
262.2
323.4
197.1
252.6
169.0
253.1
253.1
253.2
262.6
325.4
197.5
255.9
167.4
254.1
254.1
254.1
263.8
327.1
198.4
249.9
172.1
257.2
257.2
257.2
264.7
331.0
200.6
248.6
175.3
260.0
260.1
259.9
265.2
334.5
201.7
247.6
177.3
265.1
265.2
265.0
Merchandise imports
306.8
292.6
310.8
305.4
283.8
291.5
300.5
293.6
Foods feeds and beverages
Industrial supplies and
materials, excluding
petroleum
Durable goods
Nondurable goods
Petroleum and products
Capital goods except autos
Autos
Consumer goods
Durable goods. .
Nondurable goods
Other
Durable goods
Nondurable goods
239.3
273.8
235.2
240.2
234.3
237.2
239.8
239.8
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods
....
,
. ..
286.7 271.2 282.7 277.5 273.6 272.2 272.8 266.9
288.0 271.2 284.7 278.8 273.7 272.2 272.9 267.0
280.9 276.3 273.4 272.2 272.6 266.7
285.3 271.1
1,206.4 1,093.2 1,196.2 1,200.1 1,158.6 1,071.3 1,081.9 1,082.4
202.2 199.4 200.6 202.6 200.9 203.0
203.0 201.8
298.3 305.4 295.9 299.8 302.2 304.4 304.0 310.0
222.0 222.1 223.0 220.7 222.2 222.1 221.2 222.6
192.5
191.7
192.8
190.1
191.8
192.4
192.1
192.2
284.8 279.5 285.0 282.7 279.6 278.4 279.4 280.5
245.3 244.2 244.2 242.4 243.1 245.1 243.7 244.8
245.3 244.1 244.2 242.4 243.3 245.1 243.6 244.6
245.3 244.3 244.2 242.4 243.0 245.1 243.9 244.9
,
Addenda:
Exports:
Agricultural products
Nonagricultural products
Imports of nonpetroleum
products ....
218.2
267.3
226.7
267.8
212.8
267.2
208.5
265.0
214.3
265.5
221.1
266.8
230.1
268.1
242.4
270.9
245.6
244.2
244.7
242.7
243.0
244.8
243.9
244.8
1983
III
IV
I
II
III
IV"
)
236.0
241.7
236.3
235.6
238.0
240.2
242.5
246.0
257.0
269.2
242.4
259.2
273.6
242.1
256.5
270.8
238.9
253.1
270.0
233.7
254.3
271.2
234.7
257.2
272.8
238.4
260.0
274.1
243.5
265.1
276.1
251.8
210.0
205.1
218.8
220.3
214.8
229.3
211.5
206.2
220.9
214.0
208.4
223.4
217.4
211.6
226.2
219.0
213.6
227.5
221.0
215.5
230.3
223.5
217.9
233.1
Imports of goods and services
278.9
272.3
281.8
278.5
265.4
270.7
278.1
274.0
Merchandise .
Durable goods
Nondurable goods
306.8
236.1
441.3
292.6
236.8
401.7
310.8
235.9
446.2
305.4
232.7
433.0
283.8
234.5
376.9
291.5
237.6
394.6
300.5
236.3
425.3
293.6
238.3
407.3
Services
Factor income
Other
221.4
205.0
237.5
224.6
214.8
232.6
220.8
206.2
235.5
221.7
208.4
232.5
223.1
211.6
232.0
223.4
213.6
231.0
225.3
215.5
233.5
226.4
217.9
233.7
IV
Index numbers, 1972=100
Seasonally adjusted
Exports of goods and services
Services
Factor income
Other
1983"
III
Table 7.21.—Implicit Price Deflators for Inventories and Final Sales of
Business
Seasonally adjusted
1982
1983
1982
1983"
1982
1983
1982
1983"
III
IV
I
II
III
IV"
Inventories1
236.9
236.0
236.6
238.3
241.7
243.2
Farm
Nonfarm '.
Durable goods
Nondurable goods
193.1
243.3
230.1
263.3
186.1
243.3
230.9
261.9
194.7
242.9
231.8
259.0
193.1
245.0
234.0
260.8
197.4
248.0
236.7
264.4
203.6
248.6
237.8
264.4
Manufacturing
Durable goods
Nondurable goods
244.4
232.4
270.0
244.7
232.7
270.0
243.7
232.7
266.6
245.8
235.1
268.0
249.6
238.4
272.7
250.5
239.4
273.4
243.8
235.2
261.1
237.6
236.5
239.7
276.9
227.6
363.3
243.8
235.9
259.1
237.5
237.1
238.3
277.8
229.0
360.6
243.3
237.8
253.4
238.9
239.2
238.4
266.8
230.1
330.6
246.2
240.0
257.3
241.3
241.4
241.2
272.0
232.9
340.1
249.7
241.5
265.1
244.2
242.5
247.5
279.1
235.6
353.5
250.6
243.1
264.5
245.4
244.3
247.5
279.0
236.3
352.2
216.5
216.0
216.9
310.5
217.0
218.0
216.1
307.8
217.3
220.1
215.0
308.9
219.5
222.0
217.4
310.7
221.8
224.6
219.5
310.4
222.5
225.3
220.2
309.4
207.3
209.2
211.9
213.1
214.6
216.6
202.9
203.6
206.0
206.0
207.0
207.9
Wholesale trade
Durable goods
Nondurable goods
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Nondurable goods
Other
„
Final sales2
Final sales of goods and structures
,
Table 7.21:
1. Inventories are as of the end of the quarter.
2. Business final sales equals final sales less gross product of households and institutions, government, and rest of the world.
SURVEY OF CURRENT BUSINESS
January 1984
25
Table 8.1.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price Deflators, and
Price Indexes
Percent at annual rates
Percent
Percent at annual rates
Percent
Seasonally adjusted
Seasonally adjusted
1982
1983 '
III
Gross national product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
4.0
-1.9
6.0
6.5
6.4
1982
1983
1982
IV
I
II
III
IV "
2.7
7.7
3.3 -1.0
3.7
4.2
5.9
4.4
5.9
4.3
2.5
13
3.8
5.0
4.7
8.2
2.6
5.5
3.6
3.4
13.3
9.7
3.3
4.3
4.3
11.5
7.6
3.6
4.5
4.7
8.6
4.5
3.9
4.6
4.5
Personal consumption expenditures:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
7.3
1.4
5.8
5.9
5.7
8.4
4.2
4.0
4.2
4.1
7.5
.9
6.5
6.4
6.7
7.8
3.6
4.1
5.1
5.1
5.2
2.9
2.2
2.3
1.6
15.1
10.0
4.6
4.7
4.9
6.5
2.2
4.2
4.2
4.4
9.9
6.5
3.1
4.5
4.5
Durable goods:
Current dollars
..
1972 dollars
Implicit price deflators
Chain price index
Fixed-weighted price index
3.5
9
4.5
4.7
5.0
14.0
11.5
2.2
2.3
2.6
.7
3.7
4.5
2.9
3.5
15.1
15.2
-.1
1.5
1.4
10.7
7.6
2.8
2.1
2.1
33.2
32.6
.5
1.1
1.9
7.6
3.7
3.7
3.6
4.1
18.7
15.4
2.8
3.9
4.0
3.7
.5
3.2
3.2
2.9
5.7
3.3
2.3
2.2
2.0
6.4
1.3
5.1
5.5
5.9
2.1
3.4
3.2
1.5
1.9 -1.1
19
2.6
2.9 -3.1
12.1
6.4
5.3
5.3
5.1
7.8
3.6
4.1
2.8
3.1
5.6
5.6
0
2.6
2.8
11.2
2.9
8.1
8.4
8.6
9.1
2.8
6.1
6.2
6.5
10.1
2.1
7.8
8.1
8.4
9.5
1.9
7.4
8.0
8.3
6.3
1.4
4.8
5.7
5.9
13.0
6.4
6.2
5.2
5.5
5.3
.6
4.7
5.4
5.7
10.9
4.5
6.2
6.1
6.1
127
-14.5
13.7
12.3
65 380
-5.8 -34.6
31.5
28.6
53.9
49.8
53.6
45.1
25.0
22.0
Nondurable goods:
Current dollars
1972 dollars
Implicit price deflator
,
,
Fixed-weighted price index
Services:
Current dollars
1972 dollars
Implicit price deflator
Fixed-weighted price index
Gross private domestic
investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Fixed investment:
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Nonresidential:
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index ...
Structures:
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted
price
Producers' durable
equipment:
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted
price
Residential:
Current dollars
1972 dollars
Implicit price deflator
9.2 20.5
8.8 21.5
g
.4
2.8 -1.0
5.4 -.7
26.2
22.7
2.9
2.6
3.7
16.9
14.9
1.7
1.6
2.2
2 11 3 -6.0
-1.1
5.1
57
1.1 -8.8 -6.6 -1.5
47
7.9
.6 -4.2 -2.6
3.8 -1.3 -2.8
2.0
3.0
.5 -.5
1.1
5.8
2.3
2.4
3.7
2.0
5.6
.3
18.8
18.7
.1
.7
1.4
25.1
22.3
2.3
.8
1.3
6.4 -7.4 -10.9 -4.0 -15.6 -15.3
7 2 -5.5 -13.9 -14.9
1.8 -6.7
-.5
1.6 -2.0
4.6 -.7 -4.1
1.2
1.4 -2.7 -2.9
5.1 -.6
11.2
11.1
0
.5
11.5
10.1
1.3
.7
1.6
1.4
20.6
19.8
.7
1.1
23.6
22.0
1.3
.8
33.7
27.6
4.8
.8
1.2
1.3
1.2
75.3 76.7
57.3 79.5
11.4 -1.6
25
11.2
11.4 -2.6
47.5
35.9
8.6
8.0
8.0
18
-5.2
3.6
3.8
3.8
.2
32
3.6
3.1
2.6
18.2
13.7
3.9
4.2
3.9
8.5
2.4
6.0
6.4
6.2
31.5
37.4
18.1
26.8
8.3 11.3
30 . 1.4
1.5
-6.3
25.9
33.7
-5.8
.9
-.5
38
69
3.3
5.2
4.7
4.1
-5.7
-7.5
2.0
6.2
6.7
-13.0
-15.4
2.9
3.2
3.1
Fixed-weighted price index ...
Exports:
1972 dollars
Implicit price deflator
Chain price deflator
..
Imports:
Current dollars
1972 dollars
Implicit price deflator
..
Chain price index
Fixed-weighted price index
8.9 11 7
8.3 -9.6
.6 -2.3
2.3
.7
2.3
1.6
.8
1.4
3.4
2.7
.6
.5
-.5
2.0
-.1 -1.0
1.8
4.8 -11.6 -7.4
5.0
9 6 -7.1
4.9
-.1 -2.2
-.3 -3.0
4.2
2.8
2.4
2.3
2.8
5.2
2.6
46.9
43.8 -13.0
53.2
39.6 -13.0
3.0 -.1 -4.1
1 j -.1 -5.2
C A
.8
3 4 189 -25.3
57
244
-7.8 -5.7 -19.2
.4 -1.1
2.4
2.2
2.3 -.8 -.2
2.6
5
2.1 -1.0
2.4
3.8
6.8
2.4
4.3
3.6
3.2
-3.6
4.9 17.7 -29.6 -7.5
4.5 261 12.1
1.4
7.5
2 4 12.6 -4.6 -17.5
5.0
-.9 -2.6
-2.0 -2.1 -3.0
-.8 -3.8
-3.1 -3.2 -3.2
NOTE.—The implicit price deflator for GNP is a weighted average of the detailed price indexes
used in the deflation of GNP. In each period, the weights are based on the composition of
constant-dollar output in that period. In other words, the price index for each item (1972=100)
is weighted by the ratio of the quantity of the item valued in 1972 prices to the total output in
1972 prices. Changes in the implicit price deflator reflect both changes in prices and changes in
Government purchases of goods and
services:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index ^
Federal:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
National defense:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index ....
Nondefense:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index ....
1983
1982
1983"
III
IV
I
II
IV P
9.0
1.8
7.0
7.2
6.7
6.3
.5
5.7
5.3
4.6
16.1
9.4
6.2
5.8
5.3
13
3.6
15.5
10.6 -8.8 -1.1
4.4
8.2
4.7
4.7
7.2
3.6
4.0
2.6
7.0
9.0
4.4
4.4
5.6
5.3
2.0
-2.7
4.8
4.3
4.0
12.9
5.6
6.9
7.3
7.3
6.4
1.2
5.1
4.0
3.2
32.1
26.3
4.6
3.8
3.6
.3
29.5 -8.0
28.3 -18.0 -2.8
3.2
1.0 12.2
3.8
.6
7.6
2.3 -1.2
8.7
6.6
4.6
1.9
4.9
4.2
-3.6
-6.8
3.4
2.6
2.7
16.5
7.1
8.8
8.2
7.5
11.6
6.9
4.5
3.9
3.1
20.8
14.0
5.9
3.8
3.0
16.5
5.1
10.8
8.7
9.2
7.8 10.7
6.5
7.4
1.2
3.1
.2
3.1
1.7 -1.8
3.6
0
3.6
5.3
4.8
10.4
6.9
3.2
2.9
2.8
5.4 -5.5
2.7 -10.6
5.7
2.7
4.2
5.5
3.7
6.6
64.6 64.6 36.0 -22.2
59.8 92.5 —52.6 —23.5
35.0
1.8
3.0 -14.5
5.3
1.5
3.7
5.0
3.8
.3
5.4
7.3
6.6
-.5
7.1
7.1
6.3
6.3
.1
6.2
6.1
5.6
6.8
-.4
7.2
7.1
6.4
Gross domestic purchases:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
4.4
1.0
5.4
6.0
5.7
8.7
4.6
3.9
4.0
3.8
7.1
1.6
5.5
5.7
5.6
Final sales:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
5.5
-.7
6.3
6.5
6.4
State and local:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
III
14.9 -33.9
16.9 —34.5
1.0
-1.7
1.8
3.7
2.4
2.6
6.8
3.5
-.1 -1.8
5.4
6.9
5.4
6.9
5.2
5.9
5.8
0
5.8
5.7
5.3
10.7
4.3
6.1
6.2
6.1
5.7
.1
5.6
5.5
5.0
1.8
1.1
3.0
4.9
4.6
6.7
3.3
3.3
3.0
2.8
16.9
12.3
4.1
3.7
3.4
12.8
7.9
4.5
4.3
4.5
10.3
6.9
3.2
4.1
4.0
7.1
1.9
2.8 -1.5
4.1
3.4
4.4
5.9
6.0
4.3
9.4
4.5
4.7
5.0
4.7
5.8
.6
5.2
3.6
3.4
9.8
6.8
2.8
4.3
4.3
8.4
5.1
3.2
4.6
4.7
7.4
3.5
3.8
4.6
4.6
5.9
.2
5.6
6.0
5.8
8.0
4.1
3.8
3.9
3.8
8.8
4.8
3.8
4.9
4.6
4.3
1.2
3.0
2.9
2.7
13.3
9.3
3.7
3.7
3.4
9.7
5.4
4.1
4.3
4.5
9.2
5.9
3.1
4.1
4.0
4.2
-1.7
6.0
6.5
6.4
7.9
3.5
4.2
4.4
4.3
3.2
2.6
-.5 -1.2
3.7
3.8
5.9
5.0
6.0
4,7
8.6
2.9
5.5
3.6
3.4
13.5
9.9
3.2
4.3
4.3
11.1
7.3
3.6
4.6
4.7
8.7
4.6
3.9
4.6
4.5
3.4
-2.0
5.6
6.1
6.0
8.0
4.0
3.9
4.1
4.0
1.4
1.4
2.8
4.2
3.8
8.9
3.3
5.4
3.8
3.6
14.9
11.5
3.0
4.1
4.1
12.1
8.4
3.4
4.5
4.7
9.1
5.2
3.8
4.6
4.5
Nonfarm:
Current dollars
3.6
1972 dollars
-2.2
Implicit price deflator
,
5.9
Chain price index
6.4
6.1
Fixed-weighted price index ....
8.4
4.3
3.9
2.4
.4
-.2 -3.3
2.6
3.8
10.3
4.8
5.2
16.1
12.8
2.9
12.1
8.4
3.4
9.4
5.8
3.4
7.3
3.2
6.1
-.3
5.1
2.9
8.2
3.5
11.0
6.5
10.9
7.5
Addenda:
Final sales to domestic purchasers:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Gross domestic product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Business:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Disposable personal
income:
Current dollars
1972 dollars
,
6.3
.5
6.2
1.0
5.2
5.7
5.6
2.5
.5
3.1
5.7
5.8
6.8
2.6
the composition of output. The chain price index uses as weights the composition of output in
the prior period, and therefore reflects only the change in prices between the two periods,
However, comparisons of percent changes in the chain index also reflect changes in the
composition of output. The fixed-weighted price index uses as weights the composition of output
in 1972. Accordingly, comparisons over any time span reflect only changes in prices.
By EUGENE P. SESKIN and J. STEVEN LANDEFELD
Plant and Equipment Expenditures, 1984
NONFARM business in the United
States plans to spend $333.3 billion
for new plant and equipment in 1984,
9.9 percent more than in 1983, according to the annual survey conducted by
BEA in late Novemberl and December
(table 1 and chart 10). The latest estimate for 1983 spending is $303.2 billion, 4.2 percent less than in 1982, according to the quarterly survey conducted a month earlier.2
The 1984 capital spending plans adjusted by BEA for price changes indicate an increase in real spending of
9.4 percent (table 2). The latest estimate of real spending for 1983 indi1. The series consists of nonfarm expenditures for
new plant and equipment (P&E)—both for replacement and expansion—for use in the United States, including most costs that are chargeable to fixed asset
accounts and for which depreciation or amortization
accounts are ordinarily maintained. The series excludes expenditures for land and mineral rights; maintenance and repair; used plant and equipment, including that purchased or acquired through mergers or acquisitions; assets located in foreign countries; residential structures; and a few other items.
The coverage of the series and the pattern of estimates differ from those of the nonresidential fixed investment (NRFI) component of GNP. The major differences in coverage are the inclusion in the GNP component of investment by farmers, certain outlays
charged as current expenses by business, reimbursable
expenditures for new motor vehicles purchased by employees for business use, and certain transactions in
used plant and equipment. The pattern of estimates
may differ due to timing because the NRFI series reflects construction put in place and shipments of
equipment, whereas the P&E series reflects expenditures.
2. The 1983 estimate is based on actual expenditures
in the first three quarters and plans for the fourth
quarter. The plans, collected by BEA in October and
November, were adjusted for systematic reporting
biases. The adjustments were made for each major industry group for each quarter of the year by taking
the median deviation between planned and actual
spending for that quarter in the preceding 8 years.
The 1984 plans were also adjusted for systematic reporting biases. The adjustments were made for each
major industry group when planned spending deviated
from actual spending in the same direction in at least
5 of the last 7 years. When this criterion was met, an
adjustment was made by taking the median deviation
between planned and actual spending for the preceding 5 years. Before adjustment, planned spending was
$127.94 billion in manufacturing and $203.79 billion in
nonmanufacturing.
26
cates a decline of 3.5 percent from
1982. The estimates of real spending
are computed from survey data on
current-dollar spending and from capital goods price deflators prepared by
BEA. The deflators prepared for 1984
incorporate survey respondents' price
expectations. Specifically, the currentdollar figures reported by survey respondents are adjusted using implicit
price deflators for each major industry group prepared by BEA based on
unpublished data in the national
income and product accounts. The industry deflators for 1984 are extrapolated based on a combination of
survey respondents' price expectations and the rates of change in industry deflators during the latest four
quarters 3for which such data are
available. The deflators indicate a
0.5-percent increase in capital goods
3. Respondents were asked:
"What are your best estimates of average price
changes from 1982 to 1983 and expected price changes
from 1983 to 1984:
"a. Prices paid by your company for new construction, machinery, and equipment.
"b. Prices of goods and/or services sold by your company."
The companies' responses on capital goods and sales
price changes were weighted by their reported capital
expenditures and sales, respectively.
Table 1.—Expenditures for New Plant and Equipment by U.S. Nonfarm Business, 1981-84
Percent change
Billions of dollars
1983
1982
1981
1982
1983"
1984 !
321.49
316.43
303.20
333.32
126.79
119.68
111.18
125.98
5.6
Durable goods 2
Primary metals
Blast furnaces steel works
Nonferrous metals
Fabricated metals
Electrical machinery
Machinery except electrical
Transportation equipment2
Motor vehicles
Aircraft
Stone clay and3 glass
Other durables
61.84
8.12
3.17
3.46
2.96
10.31
13.22
18.39
10.08
6.43
3.14
5.69
56.44
7.46
3.47
2.71
2.59
10.62
12.89
15.16
7.92
6.04
2.61
5.13
51.45
6.42
2.97
2.45
2.23
10.37
12.44
13.05
7.31
4.85
2.45
4.50
59.87
6.84
3.18
2.52
2.70
12.87
13.27
16.17
9.77
5.58
2.81
5.22
Nondurable goods
Food including beverage
Textiles
Paper
....
Chemicals
Petroleum
Rubber
Other nondurables4
64.95
8.22
1.56
6.72
13.60
26.56
1.77
6.53
63.23
7.74
1.33
5.97
13.27
26.69
1.71
6.52
59.74
6.62
1.39
6.20
13.19
23.43
1.89
7.01
66.11
7.05
1.52
6.92
14.02
26.41
2.19
7.99
194.70
196.75
192.01
207.34
1.1
16.86
12.05
4.24
3.81
4.00
38.40
29.74
8.65
86.33
41.06
15.45
11.95
4.38
3.93
3.64
41.95
33.40
8.55
86.95
40.46
12.00
11.25
3.93
3.78
3.54
42.62
35.29
7.33
88.02
38.11
13.48
10.96
4.50
2.59
3.86
44.17
35.36
8.81
96.35
42.38
-8.4
-.8
3.3
3.2
-9.1
9.3
12.3
-1.2
.7
-1.5
Total nonfarm business
Manufacturing
Nonmanufacturing
Mining
Transportation
Railroad
Air
Other
Public utilities
Electric ..
Gas and other
Trade and services
Communication and other5
p
-1.6
42
1984
9.9
-7.1
13.3
-8.7
-8.1
9.7
-21.7
-12.4
2.9
-2.6
-17.6
-21.5
-6.0
170
-10.0
-8.8
-13.9
-14.4
-9.8
141
-2.3
35
-13.9
-7.7
-19.6
61
-12.2
16.4
6.5
6.8
3.0
21.3
24.1
6.7
23.9
33.7
15.0
14.6
16.0
2.6
-5.8
-14.6
-11.1
-2.4
.5
34
0
5.5
-14.4
4.9
3.8
6
-12.2
10.8
7.4
10.7
6.4
9.0
11.7
6.3
12.8
16.1
14.0
-2.4
-22.3
-5.8
103
-3.9
-2.5
1.6
5.7
-14.3
1.2
58
8.0
12.3
-2.6
14.5
-31.4
9.0
3.6
.2
20.2
9.5
11.2
Preliminary.
1. Planned capital expenditures reported by business in late November and December 1983. Plans for each industry have been
adjusted for systematic biases.
2. Includes industries not shown separately.
3. Consists of lumber, furniture, instruments, and miscellaneous.
4. Consists of apparel, tobacco, leather, and printing-publishing.
5. Includes construction; social services and membership organizations; and forestry, fisheries, and agricultural services.
27
January 1984
SURVEY OF CURRENT BUSINESS
prices in 1984; the latest estimates indicate that capital goods prices declined 0.7 percent in 1983. Survey respondents reported a 5.1-percent price
increase for 1983 and expect a 6.0-percent increase in 1984 (table 3). Respondents have overestimated capital
goods price increases in 13 of the 14
annual surveys conducted since 1969.
If the spending plans are realized,
1984 capital spending would turn out
to be relatively strong for the second
year of an economic recovery (table
4). The 9.4-percent real increase
would be almost 2 percentage points
above the average real increase in the
second full year of recovery for the
six previous post-1950 economic recoveries. Relative to the previous economic recoveries, planned spending in
manufacturing is particularly strong,
while that in nonmanufacturing—
with the exception of mining and
public utilities—is slightly weaker.
Nevertheless, 1984 real capital spending in manufacturing would still be
below its peak-1981 level because of
large declines of 9.1 percent and 5.6
percent in 1982 and 1983, respectively. Real capital spending in nonmanufacturing—which declined 3.3 percent
Table 2.—Real Expenditures for New Plant and Equipment by U.S. Nonfarm Business, 1981-84
Changes in Business Investment
-32 -24 -16
Percent
-8
0
TOTAL NONFARM
BUSINESS
Gas and Other
Utilities
Durable Goods
Manufacturing
Railroad
Transportation
Mining
Communication and
Other
Nondurable Goods
Manufacturing
Trade and Services
Electric Utilities
Other Transportation
Air Transportation
U.S. Department of Commerce, Bureau of Economic Analysis
8
Percent change
Billions of 1972 dollars
Total nonfarm business
Manufacturing
Durable goods
Nondurable goods
Nonmanufacturing
Mining
Transportation
Public utilities
Trade and services
Communication and other
..
1982
1984
1983
1981
1982
1983 »
1984 *
158.99
150.29
145.00
158.61
-5.5
-3.5
9.4
60.25
31.66
28.59
54.78
28.49
26.29
51.69
26.28
25.41
58.41
30.46
27.95
-9.1
10.0
-8.1
-5.6
-7.8
-3.3
13.0
15.9
10.0
98.74
5.12
5.63
17.21
47.46
23.33
95.51
4.27
5.39
17.86
46.64
21.35
93.31
3.61
5.07
18.22
46.86
19.54
100.20
4.31
4.92
18.90
50.83
21.23
3.3
-16.6
-4.2
3.8
-1.7
-8.5
-2.3
15.4
-5.9
2.0
.5
8.5
7.4
19.3
-3.0
3.7
8.5
8.6
p
Preliminary.
1. Plans reported by business in late November and December 1983, adjusted by BEA for price changes.
Table 3.—Change in Prices of Capital Goods Purchased
[Percent change from preceding year]
Reported in Nov.-Dec.
1982 survey
Actual
1982
Total nonfarm business
Expected
1983
Reported in Nov.-Dec.
1983 survey
Actual
1983
Expected
1984
7.7
7.1
5.1
6.0
Manufacturing
Durable goods
Nondurable goods
6.6
6.5
6.7
6.2
6.0
6.3
3.1
4.2
2.2
5.2
5.3
5.0
Nonmanufacturing
Mining
Transportation
Publicl utilities
Other
8.4
7.5
7.9
8.7
8.5
7.7
6.1
7.1
7.6
7.9
6.2
4.1
5.0
6.2
6.4
6.5
4.6
5.9
6.4
6.7
1. Includes trade; services; and "communication and other" as defined in table 1.
and 2.3 percent in 1982 and 1983, respectively—would be above its 1981
level, but still below its peak-1979
level.
Table 4.—Real Plant and Equipment Expenditures During the Second Year of Economic
Recoveryl
I
[Percent change from preceding four-quarter period]
Average of
16 24
six
Industry plans
Current
previous
economic2
post-1950
recovery
Manufacturing industries plan a
economic
recoveries
current-dollar spending increase of
13.3 percent in 1984, compared with a
9.4
7.5
Total nonfarm business
7.1-percent decline in 1983. Durables Manufacturing
7.5
13.0
....
15.9
11.3
Durable goods
industries plan a 16.4-percent in4.2
10.0
Nondurable goods
crease and nondurables, a 10.7-per- Nonmanufacturing
7.4
7.6
19.3
3.5
Mining
cent increase. In durables, the largest
12.4
3.0
Transportation .
2.0
increases are expected in motor vehi3.7
Public utilities
97
85
cles, 33.7 percent; electrical machin7.1
8.6
Communication and other
ery, 24.1 percent; and fabricated
1. Compares the second four quarters of recovery with the
metals, 21.3 percent. In nondurables, four-quarter period that preceded them. The current recovery
from a trough in the fourth quarter of 1982. (Recession
the largest increases are expected in istroughs
are turning points in the business cycle as designated
by the National Bureau of Economic Research.)
rubber, 16.1 percent; "other nondura2. Based on plans reported by business in late November and
bles/' 14.0 percent; petroleum, 12.8 December 1983, adjusted by BEA for price changes.
percent; and paper, 11.7 percent.
Nonmanufacturing industries plan
a current-dollar spending increase of Electric utilities plan spending at
8.0 percent in 1984, compared with a about the same level as last year,
2.4-percent decline in 1983. The larg- while a sizable 31.4-percent decline is
est increase is expected in gas utili- planned in air transportation.
Estimates of planned real spending
ties, 20.2 percent. Increases ranging
between 141/2 and 9 percent are in 1984 indicate a 13.0-percent inplanned in railroads, mining, "com- crease in manufacturing—15.9 permunication and other," trade and cent , in durable goods and 10.0 perservices, and "other transportation." cent in nondurables. The latest esti-
28
mates for 1983 indicate a decline of
5.6 percent—7.8 percent in durables
and 3.3 percent in nondurables. A 7.4percent increase in 1984 real spending
is estimated in nonmanufacturing,
with increases in all major industry
groups except transportation. The
latest estimate for 1983 indicates a decline of 2.3 percent.
Sales and sales prices
Manufacturers expect their sales to
increase 11.5 percent in 1984 (table 5).
Sales in 1983 increased 6.4 percent,
compared with an expected 10.3-percent increase. Trade firms expect an
increase of 9.1 percent in 1984; they
reported a 5.7-percent increase for
1983, compared with an expected 7.1percent increase. Public utilities
expect an 8.4-percent increase in 1984
revenues; they reported a 2.4-percent
increase in 1983, compared with an
expected 14.7-percent increase.
Manufacturers expect the prices of
the goods and services they sell to increase at a slightly higher rate in
1984 than in 1983 (table 6). They
expect prices to increase 4.7 percent
in 1984, compared with a 3.1-percent
increase in 1983; a year ago, they had
expected a 5.0-percent increase.
Public utilities expect a 7.6-percent
increase in 1984; they reported a 9.3percent increase in 1983, compared
with an expected 12.6-percent increase.
January 1984
SURVEY OF CURRENT BUSINESS
Table 5.—Percent Change in Business Sales
1984
1983
Expected as
reported in
Nov.-Dec.
1982 survey
Manufacturing
Durable goods l
Primary metals
Fabricated metals
Electrical machinery
Machinery, except electrical ...
Transportation equipment
Stone, clay, and glass
,
Nondurable goods 1
Food including beverage
Textiles
.7.
"
Paper
Chemicals
Petroleum
Rubber
Trade
Wholesale
Retail
Public utilities...
Expected as
reported in
Nov.-Dec.
1983 survey
Actual
10.3
6.4
11.5
11.5
11.6
10.2
12.1
9.6
15.3
8.4
9.3
5.7
5.5
10.1
-2.5
21.4
11.1
14.5
16.1
12.4
15.4
23.7
10.8
8.5
9.2
8.4
8.6
10.7
12.3
6.8
11.3
9.3
3.5
9.9
7.4
8.6
-7.9
6.9
10.2
8.0
9.5
12.2
11.7
2.5
10.5
7.1
7.2
6.9
5.7
2.7
9.0
9.1
8.8
9.3
14.7
2.4
8.4
1. Includes industries not shown separately.
Sources: Manufacturing data are from the Bureau of the Census, Current Industrial Reports, Series M-3, for first 11 months
of 1983, and BEA estimates for December 1983. Trade data are from the Bureau of the Census, Current Business Reports,
Monthly Wholesale Trade and Monthly Retail Trade, and BEA estimates for December 1983. Public utility figures are estimated
by BEA on the basis of data collected in the annual business investment surveys.
Table 6.—Change in Prices of Products and Services Sold by Manufacturing and Utility
Companies
[Percent change from preceding year]
Reported in Nov.-Dec.
1982 survey
Actual
1982
Manufacturing
Durable goods
Nondurable goods
Public utilities
..
Expected
1983
Reported in Nov.-Dec.
1983 survey
Actual
1983
Expected
1984
3.8
5.0
3.1
4.7
5.2
2.4
5.7
4.4
3.4
2.8
5.0
4.5
15.0
12.6
9.3
7.6
29
SURVEY OF CURRENT BUSINESS
January 1984
Changes in the BEA Plant and Equipment Survey
BEA has conducted an in-depth analysis of the questionnaires for the plant and equipment survey to identify
changes that would reduce respondent burden and improve the quality of the estimates of capital expenditures.
BEA's proposal to change the questionnaires was approved by the Office of Management and Budget in January. The changes will become effective with the firstquarter 1984 survey, to be collected in April and May.
The two highlights of the changes are:
• Respondent burden will be reduced overall about 38
percent by eliminating certain questions and by decreas-
Item
Advance annual survey.
Change
ing the frequency of collection from firms in selected industries, most of which are comprised of many small entities. These changes were made in recognition of the increasing reluctance of business to respond to voluntary
surveys.
• Accuracy of the survey will be improved by collecting
annual information on lease-related capital expenditures
and by clarifying definitions and reporting instructions.
The changes that will be made are summarized in the
table below.
Comment
Discontinue the advance annual survey, but contin- The changes will reduce respondent burden at the
time of year when business firms have numerous
ue collecting data from that survey as part of the
reports to complete. Third- (conducted in October
third- and fourth-quarter surveys. The advance
and November) and fourth-quarter (conducted in
annual survey is now conducted in November and
January and February) survey results will be pubDecember and results are published in early Janulished approximately 15 days later than at
ary.
present.
• Collect year-ahead plans for structures and equip- Year-ahead plans for structures and equipment expenditures will be published in late December
ment expenditures on the third-quarter survey
instead of early January.
• Collect annual data for actual and expected per- Actual and expected annual percent changes in sales
and in prices will be published in March instead
cent changes in sales, capital goods prices, and
of January.
prices of products and services on the fourthquarter survey.
• Collect annual data for pollution abatement capi- Pollution abatement capital expenditures are now
released in May; publication will be delayed up to
tal expenditures for the current and the preceding
year on a supplement to the fourth-quarter survey. t
3 months.
Frequency of data collection for select- Discontinue quarterly collection; collect annual This change will significantly reduce respondent
burden in these industries, most of which are
ed industries, most of which are comactual and planned structures and equipment excomprised of many small entities. These industries
prised of many small entities. (See
penditures.
account for less than 10 percent of expenditures.
note at end of table.)
The annual survey will be conducted in January
and February.
Separate data for structures expendi- Discontinue quarterly collection; collect annual data This change will reduce respondent burden. Annual
information is more readily available. Currently,
tures and for equipment expendion the fourth-quarter survey.
most respondents must make special estimates of
tures.
quarterly structures vs. equipment expenditures.
Manufacturing capacity utilization.
Discontinue collection.
This change will reduce respondent burden and
eliminate duplication. Capacity utilization series
with industry detail are published monthly by the
Federal Reserve Board and annually by the
Bureau of the Census.
Lease-related structures and equip- Begin collection of annual information on lease- This change will add only a small respondent
burden. Collection of such information helps
related structures and equipment expenditures on
ment expenditures.
the fourth-quarter survey.
ensure consistent reporting and improves the accuracy of the overall structures and equipment
expenditures estimates.
Miscellaneous quarterly series.
Discontinue data collection for:
• Carryover and starts
• Modernization vs. replacement
1
• Evaluation of capital facilities
This change will reduce respondent burden. Series
are of limited analytical value.
NOTE.—Annual data only will be collected for the following industries: real estate; medical services; professional services; social services and
membership organizations; and forestry, fisheries, and agricultural services.
By DAVID J. LEVIN
State and Local Government Fiscal Position in 1983
THE
State and local government
surplus on a national income and
product accounting (NIPA) basis was
$52 billion in 1983, up $20 billion
from 1982. The social insurance fund
surplus accounted for only $3 billion
of the change; the other funds measure shifted from a $2 billion deficit to
a $15 billion surplus. This swing to a
record surplus reflected strongerthan-anticipated economic growth and
legislative actions, both of which increased receipts, and limitations on
expenditures growth. Futher, it is
likely that the major shift in the
fiscal position came at the State level.
Receipts increased 10 percent in
1983, double the rate of increase in
1982. The sharp acceleration in receipts was primarily in general ownsource receipts, but Federal grants-inaid, which increased following 2 years
of declines, also contributed. Expenditures increased 6 percent, following
slightly larger increases in 1981 and
1982. The continued deceleration reflected general fiscal restraint on pur-
chases. However, in 1983, expendi- registered the largest percentage intures other than purchases contribut- crease, reflecting the effect of the ecoed significantly to the deceleration, nomic recovery in 1983 on corporate
primarily because the rate of increase profits. They increased 29 Va percent,
in interest paid was only one-half as following a large decline in 1982.
much as in 1982. In turn, lower interPersonal tax and nontax receipts
est rates and especially a sharply increased 131/2 percent, up from a 10lower volume of short-term borrow- percent increase in 1982. Income
ings contributed to the slower growth taxes more than accounted for this acin interest paid. Purchases of goods celeration. Legislative actions affectand services, which make up the bulk ing income taxes contributed heavily
of expenditures, registered slower to the increase, which would have
growth in all major categories except been 9x/2 percent, rather than 15 perstructures. Structures registered a de- cent, in the absence of those actions.
cline for the third consecutive year, (The 1982 increase in the absence of
but it was only 2 percent, compared legislative actions would have been
with about 5 percent in 1981 and about 6 percent, rather than 8 per1982.
cent.) Of the 40 States that currently
impose a broad-based personal income
tax, 18 took some action to increase
Receipts
1983 revenues from that tax. The inState and local government receipts creases were concentrated in the
increased 10 percent in 1983, revers- parts of the country where the 1981ing the deceleration in 1981 and 1982 82 recession was most severe. In the
(table 1). All five major categories of 16 States of the industrial Northeast
receipts contributed to the accelera- and Midwest that have a broad-based
tion. Corporate profits tax accruals income tax, only Massachusetts, Mis-
Table 1.—State and Local Government Receipts, NIPA Basis
Calendar years
Percent change
Billions of dollars
Receipts
General own-source receipts
Personal t a x a n d nontax receipts,,, ,..,.
Income taxes ...
Non taxes,
Other
...
.
.
.
.
.
.
.
Corporate profits tax accruals
Indirect business tax and nontax accruals
Sales taxes
Property taxes , ,,,,.,r- ,,, „
Other .
,
,,.,, ,,
Contributions for social insurance
Federal grants-in-aid
1978
1979
1980
1981
1982
1983
1979
1980
1981
1982
1983
10.1
327.6
352.0
386.1
418.1
439.1
483.3
7.4
9.7
8.3
5.0
225.7
244.0
267.7
297.6
320.1
358.9
8.1
9.7
11.2
7.6
12.1
63.8
35.3
21.4
7.0
70.4
38.5
24.5
7.4
78.8
42.6
28.2
8.0
88.7
47.9
32.3
8.5
97.4
51.8
36.4
9.2
110.5
59.4
41.1
10.0
10.5
9.0
14.7
5.0
11.9
10.6
14.8
9.1
12.6
11.5
14.7
5.9
9.8
8.0
12.8
8.7
13.4
14.8
12.8
8.1
-17.4
29.4
11.9
13.4
14.5
15.3
12.7
16.4
12.7
7.9
6.1
150.0
71.0
63.7
15.3
160.2
77.3
64.4
18.5
174.4
82.9
68.4
23.2
193.5
90.4
75.1
28.0
210.0
95.5
85.1
29.3
232.0
106.0
94.4
31.6
6.8
8.9
1.0
21.2
8.9
7.2
6.2
25.2
11.0
9.1
9.8
21.0
8.5
5.7
13.3
4.7
10.5
10.9
10.9
7.8
24.7
77.3
27.4
80.5
29.7
88.7
32.6
87.9
35.1
83.9
37.9
86.5
11.1
4.2
8.5
10.2
9.4
-.9
7.7
-4.5
8.0
3.2
330.4
228.5
360.1
252.2
395.7
277.3
427.0
306.6
445.3
326.3
482.7
358.2
9.0
10.3
9.9
10.0
7.9
10.6
4.3
6.4
8.4
9.8
Addenda: Receipts excluding selected law changes:
Total
General own-source receipts
30
,
31
SURVEY OF CURRENT BUSINESS
January 1984
souri, Rhode Island, and New York
did not impose an increase (and New
York City had imposed one in late
1982). Four of the Midwestern farm
states also acted to increase income
taxes in 1983. Personal nontaxes—
chiefly user fees for public universities, colleges and medical facilities—
increased about 13 percent for the
second consecutive year; growth in
other types of personal taxes decelerated slightly.
As has already been mentioned,
most of the sharp increase in corporate profits tax accruals was the
result of the recovery in profits in
1983. As well, numerous legislative
actions affected these taxes, but, for
the most part, they had to do with
"correcting" the Federal legislative
actions of 1981 that modified the tax
base for many of the States with a
corporate tax. The need for the corrections stemmed from the changes in
Federal tax practices regarding depreciation which, in the absence of State
action, reduced the tax base for States
as well. Some States that followed the
Federal practice in 1982 "decoupled"
in 1983. The decoupling was accomplished in various ways; one was to
require firms to calculate depreciation under the pre-1981 rules as well
as with the new rules, and include in
ordinary income part of the difference
between old and "accelerated" depreciation.
Indirect business tax and nontax
accruals increased WVz percent, up
from 8l/2 percent in 1982. Sales taxes
contributed significantly to this acceleration; they increased 11 percent,
nearly double the 1983 increase.
Almost one-third of the 1983 increase
was from legislative actions; those involving State-level general sales taxes
alone accounted for one-quarter of the
1983 increase. Forty-five States
impose general sales taxes, and 21
took actions to increase them. However, not all of these were major revenue-raising efforts; some involved relatively minor coverage changes and
others involved "swaps". Florida, for
example, brought motor fuel into the
general sales tax base in a swap for a
reduction in the motor fuel excise tax.
Nebraska increased the general sales
tax rate but excluded grocery-store
food sales from the base. Ten of the
21 States in this group were also
among the 18 States that increased
personal income taxes.
Property tax growth slowed somewhat from the record 1982 increase,
but, at 11 percent, was still very
strong. The rapid increase in real
estate market values that occurred in
the 1978-81 period probably was reflected for the most part in the tax
base by 1983. As in 1982, a portion of
the increase in 1983 can be attributed
to increases in effective property tax
rates; a National League of Cities
survey of large cities found rate increases in about 30 percent of the respondents.
Contributions to social insurance
funds accelerated slightly in 1983, as
declines in State and local employment slowed. (See the discussion of
compensation of employees in the following section.) Federal grants, as
noted previously, registered the first
increase in 3 years. Of the $2x/2 billion
increase, $1 billion was for highway
grants, partly reflecting increased
grants from the Federal motor fuel
excise tax increase effective April 1,
1983. Welfare-related grants increased
almost $1 billion. All other grants
taken together registered a small increase, although there were shifts
within them. For instance, food and
nutrition grants were up by $0.6 billion, but sewage treatment plant construction grants declined by almost
the same amount.
Expenditures
State and local government expenditures increased 6 percent in 1983,
continuing the deceleration in 1981
and 1982 (table 2). Had the increase
in interest paid not slowed sharply,
total expenditures would have increased 7 percent.
Purchases of goods and services increased 6V2 percent in current dollars;
as measured in constant dollars, purchases registered a very small increase after 2 years of declines. Compensation of employees, the largest
component of purchases, increased at
Table 2.—State and Local Government Expenditures, NIPA Basis
Calendar years
Percent change
Billions of dollars
1978
Expenditures
Purchases of goods and services
Compensation of employees
Structures
Medical vendor payments
Other
Transfer payments to persons
Benefits from social insurance funds .
Direct relief.
Other
Net interest paid
Interest paid
Less: Interest received by government
Less: Dividends received
Subsidies less current surplus of government enterprises
Subsidies
Less: Current surplus of government enterprises
Less: Wage accruals less disbursements ,
...
1979
1980
1981
1982
1983
1979
1980
1981
1982
1983
297.3
321.5
355.5
382.7
407.8
432.3
8.1
10.5
7.6
6.5
6.0
278.3
157.6
37.5
16.6
66.7
306.0
171.8
40.3
18.7
75.2
340.8
190.0
45.4
21.7
83.6
366.5
206.5
43.0
25.0
92.0
390.5
223.0
41.0
27.5
98.9
415.0
240.4
40.1
29.3
105.2
10.0
9.0
7.4
12.9
12.9
11.4
10.6
12.6
16.1
11.2
7.6
8.7
-5.2
15.0
9.9
6.6
8.0
-4.6
10.0
7.6
6.3
7.8
-2.3
6.5
6.4
32.8
14.1
13.6
5.0
35.0
15.8
14.1
5.1
39.7
17.8
16.0
5.9
43.3
20.2
17.2
5.9
45.6
22.3
17.4
6.0
49.3
24.5
18.6
6.2
6.8
12.0
3.3
2.0
13.3
12.7
13.7
14.4
9.2
13.0
7.8
1.4
5.2
10.4
.1
.4
8.1
10.3
6.8
3.5
-6.2
14.9
21.1
-11.8
17.2
29.1
-17.1
19.4
36.5
-19.3
23.8
43.0
-19.8
29.9
49.7
-22.7
33.8
56.6
15.7"
37.8
12.3"
25.4
22.8"'
18.1
26.b"
15.5
13.0
13.8
2.8
14.5
4.2
23.9
21.4
13.6
-.9
12.9
5.3
12.1
4.3
1.7
-5.7
1.9
-5.9
.2
6.0
.3
6.2
.2
-.1
1.8
-6.1
1.9
-6.0
2.3
-6.3
-6.8
-6.5
.4
6.4
.4
6.4
.5
6.7
.5
7.0
0
0
0
0
36.8
4.0
8.3
3.4
32
almost the same rate as in 1982—8
percent. Employment declined by
about 60,000 after a decline of 100,000
in 1982 (chart 11). The 1982 decline
was largely due to the end of the
Comprehensive Employment and
Training Act (CETA) jobs program in
late 1981. The 1983 decline was concentrated in education, where a decline of 70,000 employees in 1983 followed a 60,000 decline. Most of the
1983 decline took place over the
course of the 1982-83 school year;
since mid-1983, education employment has been essentially stable.
Noneducation employment, up almost
90,000 in 1982 after allowance is made
for reductions in CETA employment,
was up only about 10,000 in 1983.
Purchases of structures declined in
1983 for the third consecutive year,
but the rate of decline slowed to
about 2 percent. Highway purchases
were the dominant element in an
upturn that appeared in the second
half of the year, apparently the consequence of funds available from the increased Federal motor fuel excise tax.
Other types of construction showed
some strength in the third quarter,
but leveled off again in the fourth. In
constant dollars, purchases of structures declined again in 1983, but the
decline was only 3V2 percent in 1983,
following declines of 9 percent in 1981
and 5 percent in 1982.
Purchases of medical services on
behalf of indigents (chiefly Medicaid)
decelerated again in 1983; in constant
dollars, these purchases declined for
the second consecutive year. Other
purchases of goods and services from
business decelerated to an increase of
6 1 /2 percent. Price increases were
under 6 percent in 1983, about the
same as 1982.
Transfer payments to persons increased 8 percent, up from 5 percent
in 1982. Benefits paid by social insurance funds were up about lOVk percent in both 1982 and 1983, but other
types of transfers accelerated sharply
in 1983. Benefits paid under the aid to
families with dependent children
(AFDC) program, which constitutes
the bulk of the direct relief programs,
registered a ll/2 percent increase in
1983 after a small decline in 1982.
The 1983 increase, which was concentrated in the first half of the year,
was due in part to an increase in
SURVEY OF CURRENT BUSINESS
CHART 11
State and Local Government
Employment: Change From
Preceding Year
Thousands of employees, full-time equivalents
2bU
i n
200
-
150 -
100
50
0
-50
-100
-150
i , in i
no
-
-H Education
O Noneducation
*— '
m CETA
I
-200
1979
-
'80
'81
'82
'83
U.S. Department of Commerce, Bureau of Economic Analysis
caseloads—a delayed response to increases in unemployment during
1982. AFDC growth slowed after mid1983, reflecting improved employment
after the end of 1982. General assistance and supplemental security
income—State or local governmentfunded relief programs—decelerated
slightly in 1983.
Other types of transfers include
payments to nonprofit institutions operating employment training programs and—until late 1981—employing persons funded under CETA. The
absence of any employment funding
in 1982 offset growth in other types of
transfers, so that this category of
transfer payments registered almost
no change in 1982. The large negative
influence of employment funding was
not present in 1983 (although CETAtype training programs still in existence did decline), so the category accelerated somewhat.
The rapid deceleration in interest
paid, which reduced overall expenditures growth by 1 percentage point,
reflected lower interest rates and especially a sharply lower volume of
short-term borrowing in 1983. Most
short-term municipal borrowing undertaken is one of two types. The first
January 1984
type is used to smooth out revenues
flows. Tax anticipation notes, to be
repaid with property tax revenues,
most of which are paid either in
annual or semi-annual settlements,
are an example. The second type is
used to finance a capital project, initiated when long-term rates are high
but expected to decline shortly. The
second kind of borrowing occurred in
large volume during the first half of
1982. When rates declined after July
of 1982, these borrowers issued longer
term debt and retired the short-term
debt as it came due in late 1982 and
through 1983. (The sequence at least
partly explains the large volume of
refunding issues made during 1983.)
Thus, a part of long-term borrowing
(about 15 percent) replaced existing
short-term debt. Also, there was a decline in new long-term borrowing
other than for refunding. The resulting slower addition to total debt
brought about a deceleration in interest paid.
Fiscal position
The State and local government
sector, excluding the operations of
social insurance funds, registered a
record surplus of $15 billion in 1983, a
major shift from the $2 billion deficit
in 1982.l Three major factors contributed to this shift: First, a strong economy brought about stronger-than-anticipated revenue growth; second, the
wave of legislative actions increased
taxes for the year as a whole by $6%$7 billion; and third, these governments continued to succeed in limiting expenditures growth.
NIPA surplus or deficit (-),
total
Social insurance funds
Other funds
1979
1980
1981 1982
1983
304
306
353
313
510
23.8
27.1
30.9
33.2
36.2
4.4 -1.9
14.9
6.6
35
1. Although from 1976 to 1981 there were surpluses,
earlier there were usually deficits. Because capital
spending by government is combined with current
spending in the summary NIPA presentations and because much of the capital spending by States and localities is funded by long-term borrowing, the
"normal" fiscal position of the other funds measure
has been a deficit. This and other characteristics of
the surplus and deficit in the NIPA framework are
discussed more fully in "State and Local Government
Fiscal Position in 1978," in the December 1978 issue of
the SURVEY OF CURRENT BUSINESS.
January 1984
It is quite probable—although sufficient data are not yet available to
quantify it—that the major shift in
the fiscal position came at the State
level. An article in the May 1983
SURVEY OF CURRENT BUSINESS presented separate estimates for States
and localities. Although these estimates have not yet been reworked to
be consistent with the July 1983
NIPA revisions, the overall fiscal position presented then probably remains reasonably accurate. The estimates showed a divergence in fiscal
behavior between States and localities. Local governments moved into
surplus in 1981, because property
taxes—the primary local revenue
source—accelerated sharply, and expenditures increases were modest. It
is likely that expenditures growth
continued to be slow in 1982 and 1983,
as education employment—primarily
a local responsibility—declined in
both years. Property taxes accelerated
again in 1982, and slowed only slightly in 1983. It is likely, then, that local
governments
retained
surpluses
throughout 1981-83.
State governments, on the other
hand, probably registered a small
deficit in 1981 and a deeper one in
1982. Expenditures at the State level
probably did not grow any more rapidly than did local expenditures, but
the primary State own-source revenues—chiefly personal income and
general sales taxes—increased only
modestly in 1981 and even more
slowly in 1982. A weak economy—and
indexing of personal income taxes in
such States as California, Minnesota,
and Wisconsin—contributed to the deceleration. A decline in Federal
grants-in-aid, the bulk of which—at
least initially—flows to States, exacerbated the situation. Relatively optimistic revenue forecasts for the 1982
and 1983 fiscal years (which for most
States end in June) caused further
problems as it became clear that the
economy was performing less well
than many forecasts anticipated.
As a result, in many States, revenues fell not only below projected
levels, but below planned outlays.
Program cuts (especially between
July 1982 and June 1983) helped some
States to avoid deficits. In others it
was necessary to use up reserves accumulated in prior years or borrow
SURVEY OF CURRENT BUSINESS
from special funds; a few States made
determinations that it was not, after
all, a violation of their constitutions
to run general-fund deficits. A major
part of the problem occurred when
revenue forecasts for fiscal year 1983,
based on widely used econometric
forecasts of an economic recovery beginning in mid-1982, turned out to be
overly optimistic. Many States had already begun to reduce reserves in
1981 and early 1982 (registering deficits in NIPA terms), so the drain on
reserves that continued through most
of fiscal year 1983 was unusually
stressful. The first response, in most
States, was further reduction of reserves and a retiming of collections in
an effort to bring revenues forward.
These responses were followed by empldyment and pay freezes, reductions
and delays in construction programs,
and other program reductions.
By mid-1982, budget plans for fiscal
year 1983 were completed in most
States, but revenue forecasters were
less sanguine about prospects for an
improving economy. Forecasts prepared in the fall of 1982 projected yet
further revenue shortfalls, and legislators, having exhausted other deficitreducing techniques in the 2 prior
years, moved to increase various
broad-based taxes. Some of these appeared in mid-1982, but more were
the result of special legislative sessions convened in the fall of 1982,
with effective dates in early 1983.
Legislative sessions in 1983 imposed
further increases, some of them
coming into play as late as December
1983. The cumulative sum of the legislative actions affecting broad-based
taxes added more than $6 billion to
1983 revenues; legislative actions in
other tax areas brought the total to
$7 billion. The effect of these changes,
if carried forward intact into 1984,
would add almost $9 billion to revenues for that year.
The timing of this wave of legislated increases coincided with the longpredicted economic recovery that
began in early calendar 1983. The
staff of the National Conference of
State Legislatures has estimated that
State revenues for calendar 1983, excluding the effects of legislative actions, exceeded by about $9 billion the
revenue estimates for that period
made in early 1983. When this
33
amount is added to about $7 billion in
legislative actions for 1983, virtually
the entire $17 billion swing in the
other funds measure is explained.
The deficits at the State level and
the surpluses at the local level were
reflected in changes in reserves. In
1980 and 1981, the small other funds
surpluses represented modest reserve
accumulations at the local level, and
slowly depleting reserves at the State
level. In 1982, depletion of reserves at
the State level occurred much more
rapidly, while localities continued to
accumulate them. In 1983, while localities probably continued this accumulation, States underwent a sharp
change. The depletion ended, and the
process of rebuilding reserves began.
If the rebuilding of reserves was more
rapid than might seem necessary, it is
because the economy expanded more
rapidly than expected.
Outlook
Surpluses
of the
magnitude
achieved in the last half of 1983—
roughly $18 billion—will not be used
up immediately. There are, however,
forces at work that will operate to
reduce the surpluses. The first is legislative actions cutting taxes. Some of
the increases imposed in 1983 were
temporary increases and surtaxes
that will (in the absence of further
action) be removed in January 1984.
More than $1 billion will be eliminated in July 1984, and others are scheduled to terminate in late 1984 or in
early 1985. Thus, in the absence of
any further positive legislative actions, receipts growth between the
end of 1983 and the beginning of 1985
will be slowed $1 to $2 billion by existing legislation.
Other tax cuts—or "give-backs" of
recent increases—may be imposed
outside of the normal legislative process. The "Tax Revolt," first seen in
1978, is reappearing in various parts
of the country. Efforts are underway
to place tax reductions on the November 1&84 ballot in California, Florida,
Massachusetts,
Michigan,
and
Oregon. It is difficult to measure the
strength of public sentiment in support of these measures; two recent
tests provided contradictory results.
Ohio voters in November 1983 soundly defeated a measure that would
have done away with the series of tax
SURVEY OF CURRENT BUSINESS
34
January 1984
placed on expenditures growth. The back in 1983, but still approached $30
employment cutbacks appear to have billion. It is likely that those borrowended, and modest growth is likely in ings will begin to be used to finance
1984. Employees who have accepted construction in 1984.
wage freezes for up to 3 years will be
In summary, it is unlikely that gentrying to recover some lost ground, so eral own-source receipts will continue
average
compensation
increases to increase in 1984 at the rate
should accelerate. For example, for achieved in 1983; an increase of about
the year beginning July 1984, the 9x/2 percent seems more likely. The
Maryland budget includes a general Federal grants-in-aid increase is
pay increase of 6 percent, after only likely to be somewhat larger than in
one general increase in the 3 prior 1983 because the additional highway
years.
funds will be present for a full year.
The volatile construction purchases Total receipts growth is likely to slow
component, already showing some to about 8l/2 percent. Expenditures
strength in the second half of 1983, is growth will accelerate for the first
likely to register the first annual in- time since 1980; if construction purcrease in 4 years in 1984. The moder- chases are strong—near $50 billion—
ate surpluses accumulating at the then the overall expenditures inlocal government level will help to crease will be about 10 percent. If
fund a construction upswing. In addi- these estimates prove accurate, then
tion, long-term tax-exempt borrowing, the NIPA surplus will shrink slightly
which (after removing components to about $48 billion, made up of $40
not used to finance public capital) in- billion in social insurance funds and
It is also likely that there will be creased from about $26 billion in 1981 $8 billion in the all other funds meassome relaxation of the tight reins to about $37 billion in 1982, dropped ure.
increases imposed over the past 18
months and made it very difficult for
the legislature to ever increase taxes
again. On the other side, two Michigan legislators who supported tax increases during 1983 were recalled by
their constituents in special elections
held in November and December of
1983. If nothing else, reactions such
as the second will encourage legislators to find ways to prevent the buildup of large and visible surpluses at
the State level. It is widely believed
that accumulations of surpluses large
enough to draw the attention of
voters increase the chances of success
for measures such as California's
Proposition 13. Some reserve-building
is obviously necessary, but if sizable
surpluses are not to be accumulated,
then tax reductions in addition to the
$l-$2 billion mentioned above are
likely.
T. S. GOVERNMENT PRINTING OFFICE : 1984 O - 429-897 : OL 3
January 1984
SURVEY OF CURRENT BUSINESS
35
State Quarterly Personal Income, 1981:1-1983:111
Table 1.—Total Personal Income, States and Regions 1
[Millions of dollars, seasonally adjusted at annual rates]
1981
State and region
United States
I
II
III
IV
I
II
Percent change
1983
1982
II
III"
2,584,721 2,625,286 2,650,509
III
IV
I
1982:1111983:111
1983:111983:111
2,709,137
2,755,061
6.6
1.7
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
132,728
38,718
9,279
62,095
8,967
9,308
4,362
136.299
39,666
9,481
63,908
9,227
9,530
4,487
141,513
41,169
9,748
66,372
9,651
9,877
4,694
143,437
41,563
9,908
67,402
9,834
9,974
4,755
144,526
42,227
9,854
67,788
9,874
9,981
4,802
147.549
42,946
10,141
69,340
10,095
10,177
4,851
150,846
43,755
10,424
70,834
10,426
10,463
4,944
152,553
44,477
10,577
71,565
10,413
10,491
5,030
153,656
44,799
10,713
71,918
10,540
10,602
5,085
157,219
45,988
10,894
73,467
10,781
10,884
5,204
160,537
47,191
11,130
74,847
11,066
11,027
5,275
6.4
7.9
6.8
5.7
6.1
5.4
6.7
2.1
2.6
2.2
1.9
2.6
1.3
1.4
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
461,941
6,390
8,438
47,290
87,059
193,772
118,993
473,075
6,483
8,506
48,238
89,351
198,680
121,817
491,469
6,712
8,819
50,158
92,781
206,411
126,588
496,463
6,751
8,881
50,606
93,833
208,722
127,671
501,338
6,881
8,942
50,571
95,103
212,250
127,592
509,195
6,986
9,096
51,798
96,745
215,263
129,307
517,263
7,103
9,241
52,550
98,346
219,314
130,708
525,200
7,287
9,465
53,859
99,250
223,004
132,336
528,202
7,456
9,557
54,109
100,118
224,735
132,229
539,408
7,630
9,729
55,489
102,402
228,806
135,352
548,615
7,787
9,819
56,403
104,586
232,406
137,614
6.1
9.6
6.3
7.3
6.3
6.0
5.3
1.7
2.1
.9
1.6
2.1
1.6
1.7
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
430,367
128,729
52,019
95,684
107,391
46,545
438,582
130,763
52,878
97,607
109,495
47,839
452,163
135,347
54,628
99,209
113,245
49,734
453,458
136,894
54,357
98,982
113,445
49,781
451,192
136,095
53,924
98,035
113,126
50,012
458,461
138,522
54,841
99,627
115,005
50,466
462,316
139,017
54,962
100,576
115,870
51,890
466,823
140,440
55,550
100,969
116,870
52,994
472,726
142,115
56,325
103,549
117,805
52,932
482,906
145,179
57,427
105,399
120,329
54,571
491,658
147,492
58,536
108,439
122,077
55,115
6.3
6.1
6.5
7.8
5.4
6.2
1.8
1.6
1.9
2.9
1.5
1.0
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
173,032
30,012
25,746
42,210
46,609
15,696
6,698
6,061
177,149
30,856
26,355
43,219
47,452
16,022
6,996
6,249
184,773
32,262
27,441
45,018
49,248
16,721
7,485
6,597
185,709
32,170
27,672
45,306
49,617
16,731
7,622
6,591
184,771
30,959
28,125
45,575
49,314
16,801
7,291
6,707
185,343
31,031
28,013
45,781
50,085
16,703
7,214
6,517
186,554
31,191
28,203
46,064
50,557
16,841
7,167
6,531
191,746
32,207
28,960
47,317
51,431
17,412
7,474
6,945
193,034
32,343
28,941
47,421
52,294
17,538
7,642
6,856
196,744
32,818
29,473
48,616
53,368
17,748
7,785
6,937
199,458
33,027
29,941
49,444
54,341
17,964
7,755
6,987
6.9
5.9
6.2
7.3
7.5
6.7
8.2
7.0
1.4
.6
1.6
1.7
1.8
1.2
-.4
.7
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
469,231
31,500
18,027
100,308
48,240
30,327
39,983
18,134
49,426
24,791
37,984
54,570
15,940
479,681
31,895
18,424
103,998
49,399
30,528
41,154
18,529
50,670
25,428
38,865
55,549
15,242
500,904
33,216
19,198
108,851
51,253
32,294
43,018
19,165
52,765
26,247
40,284
57,831
16,781
506,200
33,279
19,251
110,493
51,727
32,446
43,841
19,388
53,048
26,595
40,375
58,819
16,937
509,351
33,450
19,142
111,333
52,473
32,482
44,423
19,515
53,156
26,672
40,479
59,210
17,014
516,737
33,873
19,243
113,376
53,506
32,506
44,728
19,762
53,924
27,062
41,135
60,386
17,236
522,606
34,215
19,464
115,087
54,362
32,648
44,920
19,839
54,746
27,327
41,618
61,404
16,975
532,229
34,867
19,872
117,591
55,798
33,411
44,460
20,243
55,897
27,863
42,450
62,690
17,086
539,337
35,530
20,244
118,822
56,546
33,860
45,298
20,402
56,671
28,327
42,919
63,602
17,116
551,864
36,247
20,727
121,959
58,169
34,205
45,872
20,833
58,419
29,071
43,743
65,180
17,437
561,499
36,763
21,102
124,889
59,292
34,596
46,570
21,124
59,201
29,655
44,695
66,013
17,599
7.4
7.4
8.4
8.5
9.1
6.0
3.7
6.5
8.1
8.5
7.4
7.5
3.7
1.7
1.4
1.8
2.4
1.9
1.1
1.5
1.4
1.3
2.0
2.2
1.3
.9
Southwest
Arizona
New Mexico
Oklahoma
Texas
220,384
26,177
11,097
30,926
152,183
227,705
27,046
11,378
32,007
157,274
239,755
28,316
11,866
33,883
165,689
245,587
28,661
12,079
34,859
169,988
248,564
28,476
12,256
35,825
172,007
251,705
29,032
12,394
36,160
174,120
252,828
29,226
12,512
36,024
175,065
255,724
29,669
12,807
36,468
176,780
257,547
30,099
12,912
36,371
178,165
261,325
30,820
13,176
36,815
180,515
264,756
31,531
13,484
37,574
182,168
4.7
7.9
7.8
4.3
4.1
1.3
2.3
2.3
2.1
.9
65,498
32,109
8,217
7,105
12,342
5,724
66,970
32,979
8,387
7,231
12,525
5,847
70,374
34,774
8,733
7,559
13,189
6,119
71,537
35,692
8,681
7,532
13,359
6,274
72,081
36,262
8,591
7,516
13,478
6,236
73,340
37,233
8,619
7,582
13,674
6,232
74,164
37,655
8,687
7.707
13,904
6,211
75,761
38,664
8,967
7,888
14,095
6,147
76,567
39,071
9,058
8,049
14,187
6,203
78,489
40,170
9,337
8,067
14,493
6,423
79,767
41,047
9,351
8,136
14,716
6,517
7.6
9.0
7.6
5.6
5.8
4.9
1.6
2.2
.2
.9
1.5
1.5
361,158
279,915'
9,559
26,081
45,604
369,996
287,101
9,861
26,422
46,612
384,466
299,048
10,233
27,156
48,030
387,883
302,324
10,338
27,025
48,196
390,263
304,451
10,387
27,058
48,366
395,531
308,918
10,508
27,220
48,885
398,995
311,941
10,583
27,385
49,086
406,024
317,507
10,732
27,827
49,958
409,991
320,575
10,865
28,053
50,499
421,607
329,967
11,160
28,761
51,719
428,800
336,096
11,398
28,985
52,321
7.5
7.7
7.7
5.8
6.6
1.7
1.9
2.1
.8
1.2
5,746
10,485
6,079
10,670
6,349
10,981
6,597
11,210
6,838
11,297
6,764
11,515
7,410
11,738
7,460
11,765
7,421
12,028
7,324
12,250
7,579
12,391
2.3
5.6
3.5
1.2
152,553
454,590
466,823
191,746
407,535
130,971
277,580
128,969
414,518
153,656
457,081
472,726
193,034
412,207
132,710
280,077
130,443
418,575
157,219
466,560
482,906
196,744
423,084
135,029
283,928
133,645
430,021
160,537
474,607
491,658
199,458
430,656
137,179
287,413
136,180
437,372
6.4
5.9
6.3
6.9
8.0
6.9
4.3
7.7
7.3
2.1
1.7
1.8
1.4
1.8
1.6
1.2
1.9
1.7
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
Par West
California
Nevada
Oregon
Washington
Alaska
Hawaii
2,330,571
2,386,204 2,482,747, 2,508,081
2,520,221 2,556,141
Census regions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific . .
132,728
399,824
430,367
173,032
355,393
117,945
241,120
112,330
367,832
136,299
409,848
438,582
177,149
363,514
119,816
248,859
115,254
376,884
141,513
425,780
452,163
184,773
379,418
124,959
261,788
120,789
391,563
143,437
430,225
453,458
185,709
383,856
125,489
267,939
122,615
395,352
"Preliminary.
1. The personal income shown for the United States differs from that in the national income
and product accounts, primarily because it omits income received by Federal Government emNOTE.—The quarterly estimates of State personal income were prepared by Francis G. McFaul
144,526
434,944
451,192
184,771
386,252
125,927
271,398
123,201
398,010
147,549
441,314
458,461
185,343
393,371
127,276
274,250
125,274
403,302
150,846
448,368
462,316
186,554
398,797
128,320
275,474
126,486
407,560
with the aid of Thelma E. Harding, under the supervision of Robert L. Brown. The tables were
prepared by Eunice P. James and Kathy A. Albetski.
Quarterly estimates for the years 1948-80 are available from the Regional Economic Information System, BE-55, Bureau of Economic Analysis, U.S. Dept. of Commerce, Washington, DC
20230.
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Economic Information
from the Bureau of Economic Analysis
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CURRENT BUSINESS STATISTICS
THE STATISTICS here update series published in BUSINESS STATISTICS: 1982, a statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume
(available from the Superintendent of Documents for $8.00, stock no. 003-010-00124-1) provides a description of each series, references to sources of earlier
figures, and historical data as follows: For all series, monthly or quarterly, 1979 through 1982, annually, 1961-82; for selected series, monthly or quarterly,
1961-82 (where available).
The sources of the series are given in BUSINESS STATISTICS: 1982; they appear in the main methodological note for each series, and are also listed
alphabetically on pages 135-136. Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are
provided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
1982
Nov.
Annual
1983
Dec.
Jan.
Mar.
Feb.
Apr.
July
Aug.
2J19.3 2,732.6
May
June
Nov.
Oct.
Sept.
Dec,
GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
bil. $..
Wage and salary disbursements total
do '
Commodity-producing industries, total .... do....
Manufacturing
do
Distributive industries
.... do....
2,435.0
2,578.6
2,633.1
2,645.0
2,652.6
2J650.5 _2J70.1 2J89.0
2,747.6
2J56.4 _2,18L6
1,493.2
509.5
385.3
361.6
1,568.1
509.2
383.8
378.8
1,583.1
498.6
377.2
382.3
1,591.8
499.0
376.7
385.2
1,608.9
508.6
383.8
386.6
1,606.3
507.4
384.7
384.2
1,616.8
510.0
387.9
388.4
1,632.1
517.1
393.5
390.7
1,652.2
522.0
397.5
394.8
1,660.9
527.5
401.2
397.5
1,673.5
533.3
405.8
400.0
1,680.5
537.0
408.5
396.8
1,691.8
543.1
413.3
399.8
do....
do....
do....
337.7
284.4
143.5
374.1
306.0
156.6
387.7
314.5
160.4
391.3
316.4
161.2
395.8
317.9
162.6
395.5
319.2
164.2
397.8
320.6
166.0
402.4
321.9
168.1
408.2
327.1
170.1
411.3
324.7
172.2
414.1
326.1
174.3
415.5
331.1
176.3
419,6
329.2
178.4
do
do....
30.5
89.7
21.5
87.4
28.1
89.0
26.1
92.5
22.9
96.7
21.3
97.8
22.3
100.8
22.1
103.1
21.4
106.6
19.4
109.0
16.6
109.9
14.9
110.9
15.0
113.0
Rental income of persons with capital
consumption adjustment
... bil $
Dividends
do
Personal interest income
.
do....
Transfer payments
do....
Less: Personal contrib. for social insur
do....
Total nonfarm income
do
41.4
62.8
341.3
337.2
104.6
2,377.0
49.9
66.4
366.2
374.5
112.0
2,527.6
52.9
68.0
363.3
401.0
112.7
2,575.5
51.0
68.3
364.3
403.0
113.1
2,589.4
55.0
54.8
69.5
69.4
359.4
356.9
406.7
406.7
119.5
118.8
2,668.5 2,683.8
55.3
70.2
364.4
403.5
120.1
2,701,4
56.2
56.0
55.8
56.5
50.8
73.4
; 72.9
72:3
70.9
71.6
383.7
370.2
; 375.2 r378:3 '380.9
402.2
401.9 ^4021 .-Z4Q8.1_412.3
122.4
122.2
120.3
121.1
122:4
2,711.8 2,736.7 r2,761.6 r2,777.4 2,798.0
2,435.0
387.4
2,047.6
1,912.4
1,857.2
236.1
733.9
887.1
2,578.6
402.1
2,176.5
2,051.1
1,991.9
244.5
761.0
986.4
2,633.1 2,645.0
406.0
403.5
2,229.6 2,239.1
2,110.2 2,120.5
2,050.2 2,060.0
261.2
254.5
771.7
773.8
1,024.0 1,025.1
2,652.6
399.5
2,253.2
2,127.1
2,066.2
259.1
776.5
1,030.5
2,719.3
415.5
2,303.8
2,218.8
2,156.4
278.6
804.4
1,073.4
2,732.6
420.2
2,312.4
2,228.0
2,164.8
284.1
807.7
1,073,0
2,747.6
396.9
2,350.7
2,238.9
2,174.8
287.1
813.8
1,073.9
2,756.4 2,781.6 r2,812.8
400.1
403.4
407.8
2,356.3 2,378.2 r••2,405^0
2,238.7 2,260.1 r2,2781
2,173.8 2,194.7 2,211.8
278.2
283.2 rr288.2
825.7
813.1
817.4
1,082.5 1,094.2 1,097.8
54.3
58.1
59.0
59.5
59.9
61.3
62.1
0.9
1.0
1.0
1.0
1.0
1.0
119.4
118.5
126.0
118.8
120.3
1.1
85.1
1.1
135.3
1.1
125.4
6.6
5.8
5.4
5.4
5.4
5.4
5.1
4.5
4.0
1,054.7
1,060.2
1,066.8
1,070.8
1,073.7
1,070.3
1,077.2
1,078.4
956.8
141.2
362.5
453.1
970.2
139.8
364.2
466.2
981.0
144.9
365.2
470.8
985.1
148.0
367.0
470.2
984.6
146.1
367.9
470.6
984.7
144.3
368.9
471.5
990.8
147.1
370.0
473.7
999.7
152.1
370.0
477.6
194.1
205.3
209.0
209.1
209.8
210.0
210.4
151.0
138.6
134.8
131.2
133.5
138.1
140.5
Service industries
Govt. and govt. enterprises
Other labor income
...
Proprietors' income: $
Farm
Nonfarm
54.6
54.3
54.1
53.8
69.0
68.9
68.9
68.7
355.0
355.7
356.0
360.0
402,7
398.1 _™4Q2LO.
_39£A
117.6
116.8
116.2
116.6
2,600.2 2,599.7 2,618.4 2,637.5
J2J331 ^15JA
r
1,714.8
l,710.5
r
546.7 r550.2
r
'419.3
416.0
r
4081 r4081
1,724.7
552.5
420.5
411.4
'424.7
331.8
1 :182.6
427.7
333.1
184.9
< '25.6
1114.1
29.1
115.0
425.2
330.5
180.6
21.2
114.1
DISPOSITION OF PERSONAL INCOME
Seasonally adjusted, at annual rates:
Total personal income
.
bil. $..
Less: Personal tax and nontax payments
do....
Equals:
Disposable
personal
income
do....
Less1 Personal outlays
do
Personal consumption expenditures
do....
Durable goods
do
Nondurable goods
.... do....
Services
do....
Interest paid by consumers to
business
do
Personal transfer payments to
foreigners (net)
do....
Equals* personal saving
. do
Personal saving as percentage of disposable
personal income §
.".
percent..
Disposable personal income in constant (1972)
dollars
bil. $..
Personal consumption expenditures in
constant (1972) dollars
do
Durable goods
do....
Nondurable goods
.
. . . . do....
Services
do
Implicit price deflator for personal consumption
expenditures
index, 1972 = 100..
2,650.5 2,670.1 2,689.0
402.2
403.6
402.3
2,248.2 2,266.5 2,286.8
2,129.3 2,146.2 2,181.8
2,068.3 2,084.6 2,119.9
270.6
259.6
256.9
786.6
780.1
774.5
1,036.9 1,044.9 1,062.7
60.0
60.6
63.7
r
2,8331
r
410.3
'2,422.9
r
2,296.4
'2,229.4
r
291.8
r
8281
1,109.5
64.1
65.1
65.8
1.2
1.2
1.2
1.2
1.2
111.8
117.5
118.2
4.0
4.5
4.9
5.1
1,083.3
1,087.5
1,100.4
1,014.0
157.0
376.2
480.8
1,018.1
160.3
378.0
479.7
1,018.1
160.7
378.8
478.5
212.1
212.7
212.6
213.6
214.7
141.9
143.9
149.7
147.0
153.3
60.9
1.1
104.9
84.4
62.9
126.9
126.4
r
5.2
51
1,097.4
1,102.6 1,113.7
1,120.9
1,012.4
155.5
377.0
479.9
1,017.5 1,024.3
159.9
157.4
378.4 rr382.4
481.7
482.0
1,031.4
162.1
384.7
484.6
215.7
215.9
r
!58.4
158.3
2,857.2
413.8
2,443.4
2,325.9
2,258.0
305.6
823.8
1,128.6
66.6
1.2
117.5
216.2
INDUSTRIAL PRODUCTION
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
Total index
.
.
By industry groupings:
Mining and utilities
Manufacturing
Nondurable manufactures
Durable manufactures
.
.
1967-100..
155.7
152.4
do....
155.0
146.3
136.4
140.7
147.2
141.7
136.8
134.2
133.4
137.8
146.8
152.2
r
152.8
150.4
164.8
140.5
137.6
156.2
124.7
134.5
155.7
119.9
129.6
147.5
117.2
131.8
149.9
119.2
138.0
157.5
124.5
141.5
160.8
128.1
143.0
162.3
129.7
145.4
165.0
131.8
151.3
172.6
136.5
146.8
167.6
132.4
153.4
177.6
136.7
160.0
183.2
143.9
141.9
160.8
1821
146.0
"1441
do....
do
do
P
157.3
"176.0
"144.3
152.3
167.4
141.8
do....
151.0
138.6
134.9
135.2
137.4
138.1
140.0
142.6
144.4
146.4
149.7
151.8
153.8
155.0
"1561
156.9
146.2
144.5
150.4
148.1
146.4
152.4
150.9
149.0
154.8
153.2
150.7
156.3
154.9
1521
r
!57.3
155.8
152.9
1571
"156.9
"154.2
"157.8
158.0
155.4
158.7
!48.2
Seasonally Adjusted
Total index
By market groupings:
Products total
Final products
Consumer goods
See footnotes at end of tables.
do
do
do....
150.6
149.5
147.9
141.8
141.5
142.6
139.0
138.3
141.3
139.9
139.5
142.0
140.9
140.1
143.6
140.3
138.9
143.4
141.6
139.9
144.3
144.5
142.8
147.7
S-1
S-2
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown hi BUSINESS STATISTICS: 1982
1981
1982
1982
Nov.
Annual
January 1984
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Seasonally Adjusted— Continued
By market groupings—Continued
Final products—Continued
Durable consumer goods
Automotive products
Autos and utility vehicles
Autos
Home goods
1967—100..
do
do....
do....
do
Nondurable consumer goods
Clothing
..
Consumer staples
Consumer foods and tobacco
Nonfood staples
Equipment
Business equipment
Industrial equipment #
Building and mining equip
Manufacturing equipment
Commercial, transit, farm eq. #
Commercial equipment
Transit equipment
Defense and space equipment
Intermediate products
Construction supplies
Business supplies
do
do
do....
do
....
Utilities
Electric
Manufacturing
Nondurable manufactures
Foods
Tobacco products
Textile mill products
Apparel products
Paper and products
Printing and publishing
Chemicals and products
Petroleum products
Rubber and plastics products
Leather and products
Durable manufactures
Ordnance, pvt and govt
Lumber and products
Furniture and fixtures
Clay glass, and stone products
Primary metals
Iron and steel
Nonferrous metals
Fabricated metal products
Nonelectrical machinery
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments.
do....
do....
do....
do....
do.
do
do
Materials
Durable goods materials
Nondurable goods materials
Energy materials
By industry groupings:
Mining and utilities
Mining
Metal mining
Coal
Oil and gas extraction #
Crude oil
Natural gas
Stone and earth minerals
do....
do
do....
do....
do
do
do
do. .
do....
do....
do
do
do
do
do....
do
do
do....
do. .
do
do
do....
do
.. .
.
do
do....
do
do....
do....
do
do....
do....
do....
do
do....
do....
do
do....
do
do
do....
do....
do....
do
do
do....
do
140.5
137.9
111.2
103.4
142.0
150.9
1198
159.5
150.3
170.0
151.8
181.1
166.4
286.2
127.9
198.0
258.7
125.4
102.7
154.4
141.9
166.7
151.6
149.1
174.6
129.0
155.0
142.2
123.1
141.3
146.8
95.1
111.8
129.4
169.1
190.9
150.4
164.8
152.1
122.2
135.7
120.4
155.0
144.2
215.6
129.7
274.0
69.3
140.5
81.1
119.1
157.2
147.9
107.9
99.8
122.4
136.4
171.2
178.4
116.1
122.3
170.3
P
156.7
"171.9
"150.1
"129.4
e
149.3
"148.1
149.4
157.1
"158.2
158.3
167.6
'154.6
182.7
167.3
155.5
180.9
"168.2
168.3
e
143.1
156.6
124.3
159.2
113.3
144.9
158.7
125.6
160.8
115.0
147.1
161.5
127.0
166.9
115.3
191.9
276.0
92.0
194.0
277.4
95.9
196.9
r
281.7
97.6
'201.4
'288.3
100.0
"181.9
"149.3
"164.4
"129.4
"175.2
"115.9
"204.7
"294.0
"99.4
120.4
158.1
145.8
170.4
120.2
162.2
149.0
175.3
121.8
165.4
151.4
179.3
122.9
166.5
152.3
180.7
"123.9
"167.2
"152.7
"181.6
143.7
137.0
174.3
121.8
147.8
141.1
177.0
127.7
149.7
144.2
178.0
128.0
152.2
147.4
182.3
126.4
153.9
149.5
185.0
126.1
"154.9
"150.9
"185.1
"127.1
139.7
112.8
84.4
125.6
112.5
95.3
94.1
122.5
139.6
112.6
82.9
124.6
112.6
95.9
87.4
121.7
143.8
115.0
82.5
139.9
113.9
95.7
89.1
121.2
146.0
116.1
80.9
141.2
114.7
94.3
91.0
125.0
146.5
117.1
'78.7
140.5
116.3
'95.4
91.5
126.5
146.2
118.6
'83.7
142.7
117.4
'94.5
"148.2 151.7
"120.9 123.4,
"87.7
"144.8 """145.2
"119.4
123.0
"94.2
127.4
"130.0
169.3
192.7
169.7
192.9
169.8
192.0
176.0
200.9
179.3
205.4
179.3
204.5
176.9
'201.2
"178.8
"203.8
183.4
e
210.1
140.4
160.7
152.0
143.1
163.3
153.7
145.1
165.4
155.6
147.4
167.8
157.7
150.6
170.6
159.9
152.8
172.9
159.3
155.1
174.6
158.2
156.4
175.8
157.6
"157.2
"176.3
157.8
176.3
108.5
130.7
113.4
131.9
114.8
136.6
112.9
139.6
120.0
141.8
112.9
146.7
117.1
147.4
112.7
148.7
109.1
149.6
"147.5
158.8
155.6
156.3
157.0
161.5
163.0
165.1
168.6
170.4
172.1
"172.5
175.0
142.8
195.9
118.7
249.7
56.0
141.3
197.6
113.5
256.2
59.5
144.0
202.3
111.7
264.0
61.7
145.9
205.7
114.8
272.0
59.4
145.7
208.5
120.6
283.0
58.7
145.2
211.0
123.8
288.0
59.6
147.4
214.7
123.0
293.8
60.1
152.0
218.3
124.3
296.1
62.3
157.8
220.3
123.2
306.9
64.4
161.7
'224.1
125.1
r
310.9
64.2
162.7
'228.1
123.6
'313.2
'64.8
"163.1
"228.3
"124.2
"315.4
"66.0
163.2
119.9
92.5
121.4
153.7
125.4
63.5
46.6
94.2
107.3
139.2
165.5
103.7
108.8
155.2
122.5
93.5
130.0
126.3
91.9
128.7
131.0
92.6
135.8
169.6
139.2
84.9
69.5
110.0
115.5
146.1
180.1
133.2
93.3
137.4
173.1
141.7
84.8
69.7
110.7
118.5
149.5
182.4
138.8
96.8
141.6
179.0
147.9
87.5
75.1
108.1
126.0
157.3
189.2
106.3
113.9
154.5
109.6
123.0
153.4
110.1
123.2
154.0
111.4
125.5
155.1
113.8
130.4
156.0
116.6
136.2
156.1
175.2
145.8
85.5
71.8
112.6
122.7
154.2
188.3
119.7
142.3
159.3
141.6
98.0
142.3
180.7
151.7
'90.6
78.2
113.5
127.4
158.3
195.8
124.7
150.9
163.6
143.0
'98.8
141.7
161.0
135.6
81.2
66.9
107.3
113.9
138.6
173.8
129.1
93.2
132.1
167.7
138.3
83.1
68.5
105.4
115.3
143.1
177.2
136.8
95.2
141.3
150.0
128.0
73.1
59.0
100.6
107.6
138.0
169.5
123.9
93.3
130.2
154.0
131.8
77.9
64.3
102.6
110.3
136.2
168.9
"144.0 ee!45.0
!00.7
"99.5
"142.0
"180.2
"153.9
"92.0
"9i."i
"80.5
"110.2
e
"129.3 ""e'i29"7
"162.9 e!63.0
203.7
"200.6
"125.8 ee 128.2
!57.1
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"165.1 e!67.2
r
157.1
171.0
149.2
129.6
146.4
r
!48.8
157.1
'157.2
166.1
156.6
177.2
168.0
156.3
181.6
138.2
150.2
116.3
148.7
105.0
141.0
153.3
119.9
154.4
108.9
117.6
152.2
138.4
166.0
189.5
270.9
93.2
118.0
154.5
142.1
166.8
139.7
132.4
168.7
121.6
141.7
134.7
172.1
121.1
137.7
112.6
75.2
127.3
114.4
95.3
98.2
114.0
138.9
111.6
79.8
125.3
112.2
96.0
97.9
117.7
162.0
183.0
165.8
188.2
136.7
157.4
154.4
138.2
159.0
153.0
109.9
122.2
104.7
125.8
154.5
151.1
144.1
196.1
121.8
254.7
60.9
141.7
192.8
120.0
250.2
57.7
124.7
86.9
112.6
151.9
128.2
75.3
61.7
99.7
114.8
149.0
169.3
119.3
91.9
119.1
152.4
127.3
63.6
47.5
92.2
107.0
139.6
165.5
104.9
109.8
161.9
100.2
101.7
155.8
129.2
129.5
99.0
86.6
124.6
120.7
86.9
77.7
125.9
128.7
99.0
87.9
131.6
136.2
107.0
97.1
134.4
144.3
120.8
,107.3
136.3
142.6
116.4
99.9
140.5
144.9
117.8
102.7
145.5
152.2
124.9
107.4
129.1
126.8
124.3
129.1
128.8
132.8
138.1
148.0
147.9
148.4
148.3
147.0
147.5
150.5
159.0
149.7
169.7
158.1
149.0
168.7
158.8
149.5
169.6
158.6
150.9
167.6
158.1
148.4
169.4
139.8
157.9
134.9
214.2
107.2
134.2
146.4
117.2
165.7
97.5
136.1
148.1
117.9
171.9
97.0
135.3
146.6
118.4
173.8
97.6
157.4
149.5
166.5
132.7
142.7
113.7
153.6
97.9
184.4
253.5
103.9
180.2
254.8
92.3
179.2
254.9
90.8
109.4
143.3
124.3
162.1
113.6
141.8
123.4
160.1
183.0
258.6
96.2
115.9
141.5
123.0
159.8
133.7
125.0
157.5
125.1
128.4
116.4
157.3
121.4
146.3
126.1
82.4
142.7
131.1
95.1
104.1
112.1
149.2
160.0
135.4
118.3
152.9
167.0
145.4
129.8
154.2
168.1
147.0
132.0
141.8
143.2
144.9
152.3
153.6
155.6
161.1
150.9
172.9
162.8
153.2
174.0
164.3
155.9
174.1
133.8
143.7
113.1
145.3
99.7
136.2
146.9
113.5
141.8
101.7
136.5
147.7
114.5
146.2
102.5
176.1
251.2
88.2
179.2
255.7
90.1
185.4
264.3
92.0
186.1
265.0
92.6
116.4
143.7
127.0
160.3
116.1
145.3
129.7
160.9
117.0
147.8
133.1
162.3
118.2
150.8
136.4
165.2
127.8
116.5
155.6
120.4
132.0
121.5
159.7
123.0
134.9
125.3
164.0
121.8
137.6
128.7
167.5
121.9
140.4
116.8
70.4
134.1
120.3
94.6
103.5
111.9
140.1
118.4
74.9
129.7
122.9
95.1
96.8
111.7
141.3
121.9
81.7
144.8
124.6
96.5
101.7
112.8
137.5
115.6
75.1
136.5
117.0
94.4
96.5
115.7
168.7
190.5
166.7
188.3
164.2
185.6
163.1
184.4
137.6
156.2
151.1
134.0
155.3
152.0
134.5
155.6
152.8
118.0
124.5
113.0
123.1
150.8
121.1
144.3
161.6
!57.5
172.9
153.1
135.0
181.5
151.9
'95.1
'84.0
115.3
127.2
159.5
198.7
125.5
150.9
164.5
BUSINESS SALES
Mfg and trade sales (unadj.), total
Mfg. and trade sales (seas, adj.), total
Manufacturing total
Durable goods industries
Nondurable goods industries
Retail trade, total
Durable goods stores
Nondurable goods stores
mil. $ 4,273,188 4,130,150 342,005 357,536 315,375 323,346 364,720 349,802 365,513 386,210 352,703
do.... '4,273,188 '4,130,150 338,722 338,391 345,337 341,490 348,009 351,407 363,925 373,572 372,434
do 12,017,545 '1,910,119 154,318 154,543 158,239 158,081 161,803 163,372 167,965 173,920 172,598
do.... 1,006,465 922,115 73,005 73,495 77,744 77,769 79,595 80,548 82,669 86,582 85,646
do.... 1,011,080 988,004 81,313 81,048 80,495 80,312 82,208 83,824 85,296 87,338 86,952
do.... 1 1,047,573 '1,075,679 92,492 92,459 92,308 91,164 93,263 95,449 98,431 99,173 99,521
316,020 320,868 28,721 28,723 28,307 27,490 29,160 30,668 32,124 32,663 32,539
do
do.... 731,553 754,811 63,771 63,736 64,001 63,674 64,103 64,781 66,307 66,510 66,982
do.... '1,208,070 '1,144,352 91,912 91,389 94,790 92,245 92,943 92,586 97,529 100,479 100,315
do.... 509,743 457,713 37,900 37,756 39,617 37,222 37,570 37,758 39,519 42,009 41,889
do.... 698,327 686,639 54,012 53,633 55,173 55,023 55,373 54,828 58,010 58,470 58,426
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
Mfg. and trade sales in constant (1972) dollars
(seas adj ) total
bil $
Manufacturing
.
do
Retail trade
do
Merchant wholesalers
do....
See footnotes at end of tables.
151.2
67.4
47.0
36.8
151.2
67.6
47.0
36.6
155.4
70.1
47.0
38.2
153.9
70.0
46.9
36.9
156.2
71.5
47.8
36.9
156.0
72.0
47.7
36.3
161.6
73.7
49.1
38.8
165.8
76.1
49.8
39.8
164.0
74.8
49.8
39.4
375,256 387,744 '389,673 390,699
374,434 '380,089 '382,209 387,240
175,989 178,590 176,790 181,428
87,918 88,970 '88,228 92,433
88,071 89,620 '88,562 88,995
97,801 99,202 100,841 101,981
30,893 32,125 33,092 34,111
66,908 67,077 '67,749 67,870
100,644 102,297 104,578 103,831
41,455 42,596 '43,834 43,969
59,189 '59,701 '60,744 59,862
164.7
76.4
49.0
39.3
166.2
76.7
49.7
39.8
166.1
'76.1
'49.9
'40.1
169.2
78.0
50.9
40.2
!59.7
178.1
e
!58.6
137.4
182.7
e
!50.8
165.8
131.5
e
!84.0
e
l!6.3
e
205.4
e
295.0
e
99.5
e
125.7
167.6
152.7
e
155.3
150.9
184.9
129.6
e
119.8
SURVEY OF CURRENT BUSINESS
January 1984
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
S-3
1982
1982
Annual
Nov.
1983
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
Nov.
Oct.
Dec.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INVENTORIES
and trade inventories, book value, end of year
or month (unadj.), total
mil. $..
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), total
mil. $..
Mfg.
Manufacturing total ,
do
Durable goods industries ..
do....
Nondurable goods industries
do....
Retail trade total
do
Durable goods stores
do
Nondurable goods stores....
do....
Merchant wholesalers, total
do....
Durable goods establishments
do
Nondurable goods establishments
do...,
Mfg. and trade inventories in constant(1972)dollars,
end of year or month(seas.adj ) total
bil. $..
Manufacturing
do
Retail trade
..
^ do .
Merchant wholesalers
do....
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total
ratioManufacturing total
do
Durable goods industries ..
do. .
Materials and supplies
do
Work in process
do
Finished goods
do
Nondurable goods industries
do
Materials and supplies ..
do
Work in process
....
do
Finished goods
do.
Retail trade, total
do....
Durable goods stores
do
Nondurable goods stores
do....
Merchant wholesalers, total
do....
Durable goods establishments
do....
Nondurable goods establishments
do....
Manufacturing and trade in constant (1972) dollars,
total
do
Manufacturing
do....
Retail trade
. .
do
Merchant wholesalers
do....
520,611
506,147 522,035 506,147 503,783 506,862 506,481 507,118 506,524 504,086 502,800 505,787 511,555 r521,866 527,013
526,152
511,942 513,888 511,942 507,550 507,665
264,902 267,920 264,902 262,117 260,856
175,200 177,061 175,200 172,506 171,572
89,702 90,859 89,702 89,611 89,284
128,250 127,619 128,250 127,869 130,392
59,597 59,417 59,597 59,735 61,517
68,653 68,202 68,653 68,134 68,875
118,790 118,349 118,790 117,564 116,417
78,514 78,752 78,514 77,571 75,814
40,276 39,597 40,276 39,993 40,603
282,333
186,222
96,111
126,833
59,095
67,738
116,986
76,674
40,312
503,222 504,796 505,658 505,521 505,826
257,304 257,397 258,149 257,390 258,176
169,377 169,814 170,734 169,840 169,693
87,927 87,583 87,415 87,550 88,483
129,327 129,901 131,654 132,501 131,905
60,412 60,640 61,401 62,019 61,284
68,915 69,261 70,253 70,482 70,621
116,591 117,498 115,855 115,630 115,745
75,708 75,338 73,710 74,007 74,126
40,883 42,160 42,145 41,623 41,619
262.1
140.7
64.9
56.5
261.2
139.6
65.1
56.5
259.2
138.2
64.9
56.1
259.4
137.7
66.1
55.6
257.6
136.5
65.9
55.2
257.2
136.3
65.8
55.1
257.5
136.6
66.2
54.7
257.1
136.3
66.3
54.4
256.9
136.3
66.0
54.7
510,430 513,883 r515,999
259,834 260,021 r260,816
170,576 170,385 170,628
89,258 89,636 r90,188
133,783 135,452 135,301
62,313 64,021 rr63,762
71,470 71,431 71,539
116,813 118,410 119,882
74,950 76,474 r77,282
41,863 41,936 r42,600
518,000
260,697
171,011
89,686
137,748
65,596
72,152
119,555
77,053
42,502
258.1
136.7
66.5
54.9
259.3
136.6
67.3
55.4,
259.6
136.6
'67.3
r
55.7
260.4
136.5
68.0
55.9
1.43
1.51
1.52
1.51
1.47
1.49
1.45
1.44
1.39
1.35
1.36
1.36
1.35
1.35
1.34
1.66
2.19
0.69
0.97
0.53
1.76
2.41
0.73
1.06
0.62
1.74
2.43
0.74
1.10
0.63
1.71
2.38
0.72
1.08
0.61
1.66
222
0.66
0.99
0.56
1.65
2.21
0.66
0.98
0.56
1.59
2.13
0.63
0.95
1.54
2.07
0.61
0.93
0.53
1.48
1.96
0.58
0.88
0.50
1.50
1.98
0.59
0.89
0.51
1.48
1.94
0.58
0.87
0.50
1.46
1.92
0.57
0.86
0.55
1.58
2.11
0.63
0.95
0.54
;, o,48
1.48
1.93
0.58
'0.87
r
0.48
1.44
1.85
0.56
0.83
0.46
1.13
0.45
0.19
0.48
1.14
0.46
0.19
0.49
1.12
0.45
0.19
0.49
1.11
0.45
0.18
0.48
1.11
0.44
0.18
0.50
1.11
0.44
0.18
0.49
1.07
0.42
0.17
0.47
1.06
0.42
0.17
0.47
1.02
0.41
0.17
0.45
1.00
0.40
0.16
0.44
1.02
0.40
0.17
0.45
1.01
0.41
0.16
0.44
1.00
0.40
0.16
0.43
1.02
0.41
0.17
0.44
1.01
0.41
0.16
0.44
1.40
2.17
1.06
1.42
2.20
1.08
1.38
2.07
1.07
1.39
2.07
1.08
1.39
2.11
1.06
1.43
2.24
1.08
1.39
2.07
1.08
1.36
1.98
1.07
1.34
1.91
1.06
1.34
1.90
1.06
1.33
1.88
1.05
1.37
2.02
1.07
1.37
1.99
1.06
1.34
1.93
1.06
1.35
1.92
1.06
1.13
1.74
0.69
1.24
2.06
0.70
1.29
2.08
0.73
1.30
2.08
0.75
1.24
1.96
0.72
1.26
2.04
0.74
1.25
2.02
0.74
1.27
2.00
0.77
1.19
1.87
0.73
1.15
1.76
0.71
1.15
1.77
0.71
1.16
1.81
0.71
1.15
1.80
0.70
1:15
1.76
0.70
1.15
1.75
0.71
1.73
2.09
1.38
1.54
1.73
2.06
1.39
1.55
1.67
1.97
1.38
1.47
1.69
1.97
1.41
1.51
1.65
1.91
1.38
1.50
1.65
1.89
1.38
1.52
1.59
1.85
1.35
1.41
1.55
1.79
1.33
1.37
1.57
1.82
1.33
1.39
1.57
1.79
1.36
1.40
1.56
1.78
1.36
1.39
L56
1.79
1.35
1.39
1.54
1.75
1.34
1.39
;
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Shipments (not seas, adj.), total
mil. $.. 2,017,545 1,910,119 153,628 150,068 146,613 159,488 170,007 164,345 168,943 182,537 158,500 172,163 186,460 183,314 180,605
Durable goods industries, total
do.... 1,006,465 922,115 72,461 71,371 69,982 78,272 85,247 82,053 83,953 92,512 76,658 83,450 93,354 r92,878 91,943
Stone, clay, and glass products
do....
48,001
44,005
3,578
3,549
4,475
3,237
3,368
3,962
4,108
3,944
4,687 '4,530
4,254
3,887
4,518
Primary metals
do.... 141,943 107,031
8,671
7,383
9,714 10,201
9,581 10,363 10,515 10,341
7,394
8,066
9,448
8,904
9,482
Blast furnaces, steel mills
do....
70,125
47,320
2,993
3,220
3,429
3,774
3,860
4,201
3,059
3,896
3,792
3,524
4,122
4,1:04 '4,157
Fabricated metal products
do.... 123,665 113,967
8,855
8,257
8,469
9,374 10,074
9,773 10,198 10,757
9,217 10,389 11,218 11,338 10,759
Machinery, except electrical
do.... 201,538
180,612 13,727 14,678 12,186 13,413 15,424 14,038 14,315 16,519 13;851 14,224 16,241 15,748 15,884
Electrical machinery
do
140,195 140,550 11,496 11,421 11,042 12,214 12,967 12,545 12,605 13,989 11,553 12,481 14,486 14,150 14,163
Transportation equipment
do.... 205,222 195,370
15,654 15,489 16,123 19,113 20,529 19,623 20,030 22,284 16,744 18,389 21,537 '21,880 22,391
Motor vehicles and parts
do.... 116,981 112,177
8,622
9,826 11,737 12,346 11,985 12,875 14,088 10,2ll 11,693 14,011 14,984 14,894
7,694
Instruments and related products
do....
48,292
48,873
4,049
3,673
3,900
3,906
4,385
4,064
3,892
4,204
4,378
3,892
4,082
4,566 '4,443
Nondurable goods industries, total
do.... 1,011,080 988,004 81,167 78,697 76,631 81,216 84,760 82,292 84,990 90,025 81,842 88,713 93,i06 '90,436 88,662
Food and kindred products
d«
272,140 277,324 23,325 22,883 21,404 23,596 24,454 22,835 23,904 24,980 22,498 24,244 26,148 r24,919 24,313
Tobacco products
do
13,130
14,455
1,108
1,347
1,121
1,046
1,476
1,269
1,414
1,505
1,374
1,817
1,597
1,679
1,803
Textile mill products
do....
50,261
47,217
3,842
3,826
3,445
3,949
4,557
4,140
4,332
4,651
4,763
3,775
4,8,30 '4,807
4,428
Paper and allied products
do....
80,236
78,989
6,354
6,813
6,038
6,506
7,070
6,975
7,487
7,058
7,423
6,676
7,519 '7,556
7,244
Chemical and allied products
do.... 180,457 172,803 13,284 13,719 13,851 14,974 16,109 15,351 16,307 17,010 14,330 15,591 17,244 16,087 15,943
Petroleum and coal products
do.... 224,132 206,430 16,793 16,379 15,241 14,206 14,781 15,431 15,835 16,789 16,610 16,723 16,9^)0 16,236 16,235
53,173
50,163
3,832
Rubber and plastics products
do....
4,130
3,533
3,901
4,237
4,280
4,438
4,148
4,614
4,118
4,655 '4,715
4,424
Shipments (seas, adj.), total
do....
154,318 154,543 158,239 158,081 161,803 163,065 167,965 173,920 172,598 175,989 178,5^0 176,790 181,428
By industry group:
Durable goods industries, total #
do....
73,005 73,495 77,744 77,769 79,595 80,241 82,669 86,582 85,646 87,918 88,970 '88,228 92,433
3,627
Stone, clay, and glass products
.
do....
3,634
3,799
4,016
4,039
3,822
3,885
3,987
4,241
4,150
4,3^25 '4,200
4,308
Primary metals
do
7,737
7,916
8,240
8,230
8,925
8,958
9,481
9,744
9,988 10,048 10,091 10,327 10,835
Blast furnaces, steel mills
do....
3,127
3,163
3,249
3,241
3,782
3,594
3,588
3,937
3,964
4,115
4,386
^,Q75 '4,136
Fabricated metal products ...
do
9,082
9,373
8,856
9,358
9,515
9,563 10,028 10,055 10,008 10,328
10,785 10,995
Machinery, except electrical
do....
14,123 13,794 13,701 13,097 14,191 14,117 14,429 15,224 15,410 15,111 15',642 15,713 16,320
Electrical machinery
,
do
11,372 11,557 11,987 11,977 12,364 12,619 12,738 13,193 12,954 12,870 13,711 13,547 13,997
Transportation equipment
do....
15,310 16,120
17,998 19,135 18,530 18,510 19,057 20,631 19,810 21,917 20,705 19,874 21,795
Motor vehicles and parts
do
8,290
8,894 10,732 11,666 11,037 11,006 12,097 12,847 12,710 14,672 13,450 12,961 14,306
Instruments and related products
do....
3,944
4,101
3,954
4,050
3,971
3,946
3,964
4,087
4,338
4,116
4,276
4,290 '4,302
Nondurable goods industries, total #
do....
81,313 81,048 80,495 80,312 82,208 82,824 85,296 87,338 86,952 88,071 89,620 '88,562 88,995
Food and kindred products
do
22,937 22,931 23,018 23,583 23,778 23,460 24,339 24,217 23,964 24,131 24,698 '24,089 23,906
Tobacco products
do....
1,094
1,191
1,306
1,102
1,267
1,405
1,572
1,347
1,441
1,763
1,659
1,540
Textile mill products ...
do
3,820
3,936
3,823
4,100
4,270
4,173
4,166
4,395
4,476
4,560
'4,616
4,404
Paper and allied products
do....
6,581
6,768
6,614
6,531
6,994
6,918
7,307
6,695
7,124
7,126
7,515
7,324 '7,453
Chemicals and allied products
do
14,135 14,163 14,287 14,709 14,716 14,635 15,681 16,178 15,825 16,196 16,9*38 16,935 17,020
Petroleum and coal products
do....
16,831 16,279 14,804 13,953 15,068 15,877 15,834 16,501 16,920 16,669 16,877 16,274 16,273
Rubber and plastics products
do....
4,032
3,967
3,931
4,183
4,017
4,130
4,231
4.429
4,321
4,390
4.497 '4.435
4.663
See footnotes at end of tables.
:::::::
L.....
S-4
SURVEY OF CURRENT BUSINESS
1981
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1982
1982
Nov.
Annual
January 1984
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS—Continued
Shipments (seas, adj.)—Continued
By market category:
Home goods and apparel
mil $
Consumer staples
do
Equipment and defense prod , exc auto
do
Automotive equipment
do....
Construction materials and supplies
do
Other materials and supplies
do....
Supplementary series:
Household durables
do....
Capital goods industries
do....
Nondefense
... .
do
Defense
do....
Inventories, end of year or month:
Book value (unadjusted), total
do....
Durable goods industries total
do
Nondurable goods industries, total
do....
Book value (seasonally adjusted), total
do....
By industry group:
Durable goods industries, total #
do....
Stone clay and glass products
do
Primary metals
do....
Blast furnaces steel mills
do
Fabricated metal products
do
Machinery except electrical
do. .
Electrical machinery
do
Transportation equipment
do....
Motor vehicles and parts
do
Instruments and related products
do
By stage of fabrication:
Materials and supplies
do
Work in process
do....
Finished goods
.
do
Nondurable goods industries, total #
do....
Food and kindred products
do
Tobacco products . .
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products
do
By stage of fabrication:
Materials and supplies
do
Work in process
do
Finished goods
do
By market category:
Home goods and apparel
do....
Consumer staples
do
Auto
P
,
t'
f
uinment
t •i
'
H
r
Other materials and supplies
Supplementary series:
Household durables
Capital goods industries
Nondefense
.
Defense
Durable goods industries total
Nondurable goods industries total
New orders net (seas, adj.), total
By industry group:
Durable goods industries total
Primary metals
Blast furnaces steel T>ills
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
.
Industries with unfilled orders $
By market category:
Home goods and apparel
Consumer staples
Equip, and defense prod., excl. auto
Automotive equipment
Other materials and supplies
Supplementary series:
Household durables ...
Capital goods industries
Nondefense
Defense
See footnotes at end of tables.
10395
30792
23805
10,445
11048
68058
11276
30811
23426
12,501
12433
67,792
11415
31501
23061
13,474
12026
66,604
11208
32055
23797
12,902
12291
69550
11716
31 133
23992
12,886
12311
71,027
11769
32423
23448
13,998
13018
73,309
12 107
32713
25424
14,783
13552
75,341
12369
31680
24993
14,635
13 198
75723
12520
32419
24569
16,579
13407
76,495
12506
32796
25754
15,365
13927
78,242
r
!2 525
r
31 996
r
25
140
r
!4,862
r
!3
780
r
12794
32229
26569
16,228
14034
79,574
61,152 '57 753
1
345,885 '327,792
X
297>788 '271 379
'48,097 '56,413
4,683
26,279
21311
4,968
4,449
26,532
21455
5,077
4,976
26,339
21,196
5,143
4,910
26,017
20762
5,255
4971
27,153
22037
5,116
5,252
27,402
22 131
5,271
5284
26,788
21612
5,176
5534
28,953
23616
5,337
5461
28,253
22570
5,683
5470
28,007
22565
5,442
5,607
29,132
23704
5,428
r
5,644
r
28,669
r
23,077
r
5,592
5,802
29,956
24411
5,545
279,454
183 616
95,838
282,333
261,987 266,310 261,987 262,428 262,695 259,430 260,170 260,480 257,931 257,422 258,561 257,443 r'259,030
172 615 175 402 172 615 172 243 173 009 171 120 171 819 172 589 170 623 169 590 170 219 168 843 !69
084
89,372 90,908 89,372 90,185 89,686 88,310 88,351 87,891 87308 87832 88342 88,600 r89,946
r
264,902 267,920 264,902 262,117 260,856 257,304 257,397 258,149 257,390 258,176 259,834 260,021 260,816
259,070
169 353
89,717
260,697
186,222
6445
25,509
13 194
20332
43,494
28474
37,539
9054
9755
175,200 177,061 175,200 172,506 171,572 169 377 169,814 170,734 169 840 169 693 170,576 170,385 r!70,628
5962
6036
5962
5724
5786
5783
5714
5697 r5724
5751
5727
5694
5725
21,306 22375 21,306 20,674 20592 20174 20,543 20563 20302 20 105 20010 19,913 19,785
9560
9468 r9463
10603 11322 10603 10062
9945
9770 10008
9961
9771
9808
17746 18068 17746 17444 17310 17 121 17264 17310 17418 17603 17783 17566 rr!7 347
40 153 40979 40 153 39,539 39234 38636 38,269 38,197 37842 37310 37316 37,078 r36,957
26713 27095 26713 26589 26287 26085 26 165 26424 26711 26791 27098 27211 27 445
40,491 39,426 40,491 39,917 39,771 39,150 39,278 39,826 39,267 39,334 39,594 39,805 '39,977
8063
8602 rr8724
8308
8 175
8144
8367
8466
8375
8594
8537
8308
7952
9047
8982
8954
8830
8927
8965
8840
8873
8961 8,988
9308
9418
9308
171,011
5806
19,786
9493
17531
36,900
27610
39,928
8863
9,051
d
52 543
77,908
44749
89,702
20680
4370
6 164
8607
19898
9411
5824
53 100
78,308
45653
90,859
20808
4 419
6261
8693
20255
9740
5874
52543
77,908
44749
89,702
20680
4370
6 164
8607
19 898
9 411
5824
51,453
77,141
43912
89,611
20855
4503
6195
8534
19503
9685
5666
51410
76,420
43742
89,284
20733
4549
6 127
8*483
19 434
9782
5670
50016
75,896
43465
87,927
20654
4596
6 180
8370
19 364
8855
5629
50268
76,018
43528
87,583
20536
4707
6225
8304
19401
8588
5638
50582
76,686
43,466
87,415
20496
4609
6349
8347
19267
8584
5656
50333
75,928
43,579
87,550
20201
4,708
6478
8326
19253
8505
5734
50 137
76,081
43,475
88,483
20325
5,030
6605
8334
19509
8487
5,722
50849
76,116
43611
89,258
21081
4,641
6706
8,391
19803
8330
5,700
51006 rr51 016
76,270 76,857
43,109 r42,755
89,636 '90,188
21 119 r20
859
4,608 r4,507
6869 r•7013
8,490
8,675
19615 19
826
8,623 rr8,686
5,670
5,724
51380
76,885
42,746
89,686
20631
4,464
7096
8,764
19586
8,414
5,785
37726
15 995
42390
35 140
14 241
40*321
35509
14 608
40742
35 140
14 241
40*321
35360
14 378
39*873
35257
14 477
39550
34815
14 164
38948
34722
14347
38514
34592
14 174
38649
34989
14206
38355
35031
14441
39011
35,814
14440
39004
36,176 r36,116
14477 14,708
38,983 '39,364
36,099
14,537
39,050
20244 20472 20244 20,091 19,889 19,737 19,800 19,893 20,226 20,229 20,334 20,544
33266 33485 33266 33452 33307 33 192 32998 32982 32812 33237 33284 32,750
76 504 76747 76 504 75573 74873 73963 73 713 74 126 73 193 72899 73223 73 138
10473 10074 10 473 10207 10 260 10 123 10297 10509 10426 10635 10664 10 641
18928 19 189 18928 18459 18567 18607 18604 18545 18777 19018 19208 19318
105,487 107,953 105,487 104,335 103,960 101,682 101,985 102,094 101,956 102,158 103,121 103,630
9,907
9774
9806
9666
9749
10894
9908
9802
9786
9862
9895 10040
9895
86301
86 280 86604 86280 85473 84908 83740 83447 84006 83256 82781 83091 83091
72915
70297 71036 70297 68935 68407 66916 66597 66766 65945 65433 65286 65,643
13,386
15983 15568 15983 16538 16501 16824 16,850 17,240 17311 17,348 17,805 17,448
2 015 089 1 888 448 150 600 155 180 154 561 160 300 172 686 166 871 168 383 183 816 160 105 172 883 188 190
1 004 703 901 237 69483 76245 77665 79059 87411 84375 83297 93788 77987 83883 94,806
1 010 386 987 211 81 117 78 935 76896 81 241 85275 82496 85086 90028 82 118 89000 93384
'2 015 089 1 1888 448 152 604 157 382 162 871 157 757 162 587 166,025 169 874 178 489 175 455 178 302 180,961
l
1901 237
'100876
143 405
143 201
20,804 20,765
'32,642 32,453
'73 387 73258
10 740 10905
'19 268 19,404
103,975 103,912
'9,951
'83 226
'65,944
17,282
'189 773
'99,454
'90 319
181,802
9,856
82908
65,455
17,453
184 082
95,604
88,478
185,845
85418
18225
67 193
88234
10407
4342
4983
9,885
14,844
14713
20495
5043
87221
18647
68574
89978
11006
4727
5240
10,341
15,391
13987
21660
5448
88324
19363
68961
90996
11,014
4944
4857
10,654
17,233
14,382
19,514
5551
89965
19009
70956
'93 366
10,906
'4725
'5018
10,518
17,509
15,075
'21 180
'6824
'88 436
'19 073
'69 363
96704
11,711
4,552
5960
11,061
16,103
14,516
24,854
7720
89141
19463
69678
'12 389
'31,973
r
27,514
15,334
'13 714
'80 878
12749
32,254
29,267
16478
14082
81 015
76 180
7212
2684
3854
7,761
11,967
12934
21 399
6 598
81 202
17374
63828
82355
8708
3526
4347
9,229
12,708
12213
23105
9616
80516
17504
65 171
77449
9911
4277
4839
9,024
12,252
12398
17708
5 206
80 308
17 196
63 112
79951
9183
3777
4553
9,715
14,330
12526
17953
5946
82636
18082
64 554
83 101
8952
3481
4519
9,313
14,806
13 181
19973
7 162
82924
17886
65038
84456
9963
4 173
4714
10,036
14,956
13849
18377
4349
1
135 936
do
'355 532
do
do.... 1'306,317
137 7 19
do
1
148 570
'931 015
do
l1 004 703
138 968
'69 302
157 310
r
90905
10113
3925
5 109
10,133
15,467
13432
23442
8512
87584
18730
68854
71 067
7670
3005
3980
do.... 1 122,412 11 106,782 8,109
do.... '200,491
162,913 12,773
1
144 712 1 147 073 12292
do
1203
724 1200
931 15 150
do
1
1
64 123
68 008
5483
l
1937
2ll 81 537
l 010 386
1204
094 1202*437 17243
do
1
806 292 1734 774 64 294
do
do
do
78,487
57953
81,107
47 162
96,111
21382
4338
6836
8641
22011
10689
6557
22,226
33997
76449
11 395
21464
116,802
do
do
do
do
10676
30592
23506
9,822
11226
68,496
1
do....
do
do
do
do
'130888
'367 743
'290
655
1
130,758
1
135 945
'854,130
135
915
X
355 359
'305
123
1
137,770
149 156
'934,222
1130 192
'367 750
'288,228
1
129 645
1
13 1667
'840*966
10718
30595
22,876
9717
10534
68164
10507
30829
27,075
10632
10 186
68153
11375
30789
26,130
12691
12371
69515
11557
31487
21,598
13331
11798
67986
11 101
32036
22,261
12806
12815
71568
11702
31133
26,718
13164
12 197
71 111
12210
32439
23,634
14059
12755
74777
12144
32670
27,995
15010
13616
77054
12516
31639
24,998
15001
13029
78272
12592
32448
24,251
17179
13569
78263
12387
32,815
27,341
15,178
13764
79476
do.... '61,174 '57,162
'347 744 1323386
do
do.... 1288,704 '248 240
do.... 159.040 '75.146
4699
25646
19983
5.663
4,512
30886
19679
11.207
5,038
30075
20,507
9.568
5,007
24494
19,175
5,319
4,940
26601
20,032
6.569
5,249
29671
22,592
7.079
5,701
27010
22,228
4.782
5,538
32228
24,289
7.939
5,611
28481
21,580
6.901
5,553
27573
23,028
4.545
5,452 '5,537
5,754
30,159 '31 528 32,686
25,213 '26,003 24,721
4.946 '5.525
7,965
Dec.
SURVEY OF CURRENT BUSINESS
January 1984
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
Nov.
Annual
1983
1982
Dec.
Jan.
Feb. -
Mar.
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS—Continued
Unfilled orders, end of year or month (unadjusted),
total
mil $
Durable goods industries, total
do....
Nondur. goods ind. with unfilled orders $
do....
Unfilled orders, end of year or month (seasonally
adjusted) total
mil $
By industry group:
Durable goods industries total $
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
do
do
do
do
do....
Nondur. goods ind. with unfilled orders $ .. do....
By market category:
Home goods, apparel, consumer staples . ... do....
Equip and defense prod , incl auto
do
Construction materials and supplies
do ...
Other materials and supplies
do
Supplementary series:
Household durables
do
Capital goods industries
do....
Nondefense
do
Defense
do....
321 402
311,635
9,767
299 731 294 619 299 731 307 683 308 490 311,178 313 705 313 139 314 420 316 018 316 747 318 473 rr324,937 328,417
317,794
290 757 285 883 290 757 298,447 299,227 301,397 303,720 303,057 304,334 305,658 306,099 307,547 314,130
9,263
9,781
8,974
9,236
9,985 10,082 10,086 10,360 10,648 10,926 r!0,807 10,623
8,974
8,736
323 346
300 971 298 132 300 971 305599 305 268 306 053 309 015 310 922 315 488 318 348 320 664 323 032 '328 041 332 463
313 337
26304
15,779
7403
28784
73517
54037
115 556
88,640
10,009
291 764 289 079 291 764 296 374 296 049 296 407 299 270 301 053 305 374 307 963 310 024 312 048
20160 20864 20 160 20,627 22308 22,567 22561 23042 23,410 23,830 24,788 25710
11,891 12,370 11,891 12,168 13,204 13,388 13,281 13,672 13,660 14,038 14,650 15,519
7405
7079
6 130
6296
6944
7394
7,812
7761
6130
6339
6982
7067
21531 22626 21531 21403 21052 21255 21003 21012 21,090 20,967 20,982 20834
55697 57,524 55,697 54,703 53,859 53,999 54,690 55,213 55,455 54,888 55,168 56,759
60600 59223 60600 60828 61246 61408 61967 63078 63,317 65,076 66,192 66863
120 898 115,619 120,898 126,003 124,576 123,997 125 463 124,783 127,593 128,279 128,020 ' 126,827
92,669 91,806 92,669 96,483 95,883 95,873 97,112 95,954 98,181 97,612 97,203 97,060
9,207
9,207
9,225
9,219
9,745
9,053
9,646
9,869 10,114 10,385 10,640 10,984
5,251
192 213
17,125
108 757
4,890
4,272
4,272
4,350
4,473
4,334
4,783
4,992
4,892 '4,732
4,123
4,348
4,790
4714
188 308 184 851 188 308 191,201 189 596 187,963 190 969 191 212 194 009 194 378 194,659 196 055 '198 903 201 851
12,769 13,631 12,769 12,707 12,478 13,003 12,889 12,627 12,691 12,523 12,685 12,523 '12,456 12504
95622 95527 95622 97,341 98,721 100,739 100 823 102 293 104 005 106 557 108,328 109 562 '111 950 113 394
3909
224,377
146 301
78,076
3095
3032
3032
3189
3726
3655 '3548
2969
3 159
3156
3572
3575
3,809
3502
219,633 215,279 219,633 223,367 221,843 221,290 223,562 223,780 227,053 227,281 226,847 227,872 '230,732 233 462
122 942 124 718 122 942 122 251 120 664 118 658 119 122 119 734 120 405 119 416 119880 121 388 '124 314 124 625
96,691 90,561 96,691 101,116 101,179 102,632 104 440 104,046 106,648 107,865 106,967 106,484 '106,418 108 837
581,242
566,942
'317 185 321 459
'26289 27164
'16,108 16,274
'7733
8443
'20 565 20631
'58,556 58342
'68 392 68910
'128,132 131 192
'98,455 100453
'10,856 11,004
BUSINESS INCORPORATIONS @
New incorporations (50 States and Dist. Col.):
Unadjusted
number..
Seasonally adjusted
'.
do....
INDUSTRIAL AND COMMERCIAL
FAILURES @
Failures, total
number..
Commercial service
do
Construction
.
...
do .
Manufacturing and mining
do....
Retail trade
do
Wholesale trade
do....
Liabilities (current), total
thous. $..
Commercial service
do
Construction
do....
Manufacturing and mining .
..
do
Retail trade
do
Wholesale trade
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns..
16,794
2366
3614
2,224
6882
1,708
6,955,180
1 045 825
851,780
2 370 415
1 558 528
1 128 632
44,354
48,474
59750
57,507
48,099
49,999
43756
48,296
53,796
48,032
49294
48,903
(3)
(3)
'61.3
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products
1910-14=100..
Crops #
do
Commercial vegetables ....
do
Cotton
do
Feed grains and hay
. do
Food grains
do
Fruit
do
Tobacco
.
do
Livestock and products #
do....
Dairy products
do....
Meat animals
do
Poultry and eggs
do....
Prices paid:
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14 = 100..
Parity ratio §
do....
CONSUMER PRICES
(U.S. Department of Labor Indexes)
633
580
677
566
446
456
481
1363
688
842
848
264
609
524
630
467
378
401
649
1489
696
831
876
252
587
505
625
506
346
393
667
1 521
671
850
823
246
579
494
575
484
362
398
543
1 521
669
850
828
232
585
492
526
473
375
404
499
1530
682
844
857
231
604
509
624
476
401
405
479
1521
705
844
893
244
611
523
705
506
415
412
443
1 517
703
832
895
242
622
549
749
504
447
425
456
1 517
698
826
891
236
624
558
701
521
465
425
467
1 526
691
813
874
252
611
545
694
516
460
397
449
1 521
679
807
848
257
598
539
576
545
464
380
396
1 521
659
807
806
262
634
600
593
560
490
410
598
1 465
669
813
813
278
623
585
622
533
490
415
394
1 570
660
826
781
294
614
580
672
541
476
412
433
1 521
649
844
758
283
'616
'580
'659
'571
'476
'405
'445
1 478
651
850
'742
312
641
590
702
568
475
396
529
1 465
693
844
811
335
855
864
859
'858
869
875
880
887
890
890
883
888
891
886
'893
896
1,035
61
1,071
57
1,075
55
'1,074
54
1,083
54
1,088
56
1,091
56
1,096
57
1,100
57
1,102
55
1,100
54
1,104
57
1,107
56
1,106
56
'1,111
'55
1,114
58
272.3
288.6
293.2
292.0
292.1
292.3
293.0
294.9
296.3
297.2
298.2
299.5
300.8
301.3
301.4
301.5
293 1
2932
2934
2955
297 1
2981
2993
3003
3018
3026
303 1
3035
278.5
278.5
292.6
290.0
278.7
2924
290.1
280.8
2947
292.3
282.4
2965
293.9
283.4
2978
294.9
284.5
2993
296.0
285.4
3005
297.0
286.8
3023
298:5
287.5
3032
299.3
287.8
3039
299.7
288.1
3040
300.0
Not Seasonally Adjusted
ALL ITEMS, WAGE EARNERS AND
CLERICAL WORKERS, REVISED
(CPI-W)
1967 = 100..
ALL ITEMS, ALL URBAN CONSUMERS
(CPI-U)
1967 — 100
Special group indexes:
All items less shelter
do....
All items less food
do
All items less medical care
do....
See footnotes at end of tables.
2724
289 1
2936
2924
258.5
2706
270.9
273.3
2884
286.8
278.1
2936
290.8
278.2
292.1
289.5
2
2
2926
2
290.0
:
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
Annual
January 1984
1982
Nov.
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
COMMODITY PRICES—Continued
CONSUMER PRICES—Continued
(U.S. Department of Labor Indexes) —Continued
Not Seasonally Adjusted
All items (CPI-U)—Continued
Commodities
1967 = 100..
Nondurables
do....
Nondurables less food
do
Durables
do....
Commodities less food
do
Services
. .
do....
Services less rent
do....
Food #
do
Food at home
....
.
do
Housing
..
..
do
Shelter #
do....
Rent residential
do
Homeownership
do
Fuel and utilities #
do....
Fuel oil, coal, and bottled gas
do....
Gas (piped) and electricity
do....
Household furnishings and operation
do....
Apparel and upkeep
do....
Transportation
do
Private
.. .
... .
do....
New cars
do....
Used cars
do
Public
do....
Medical care
do
Seasonally Adjusted
All items percent change from previous month
Commodities
1967 — 100
Commodities less food
do
Food
do....
Foocl at home
do
Apparel and upkeep
do
Transportation
do
Private
do....
New cars
do
Services
do
PRODUCER PRICES §
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
All commodities ..
1967 — 100..
By stage of processing:
Crude materials for further processing
do....
Intermediate materials, supplies, etc
do....
Finished goods #
do
Finished consumer goods
do....
Capital equipment
do
By durability of product:
Durable goods
do
Nondurable goods
do
Total manufactures
do....
Durable manufactures
do
Nondurable manufactures
do....
Farm prod., processed foods and feeds
do....
Farm products
..
.
do
Foods and feeds, processed
do....
Industrial commodities
do....
Chemicals and allied products
do
Fuels and related prod., and power
do....
Furniture and household durables
do....
Hides, skins, and leather products
do....
Lumber and wood products
do....
Machinery and equipment
..
do....
Metals and metal products
do....
Nonmetallic mineral products
do....
Pulp, paper, and allied products
do....
Rubber and plastics products
do
Textile products and apparel
do....
Transportation equipment # ....Dec. 1968=100..
Motor vehicles and equip
1967=100..
Seasonally Adjusted
Finished goods, percent change from previous
month
By stage of processing:
Crude materials for further processing 1967—100
Intermediate materials, supplies etc
do
Finished goods #
do
Finished consumer goods
.
.
do
Foods
do....
Finished goods, exc foods .
do
Durable
do.
Nondurable
do
Capital equipment
do.
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices
.,.!
1967=$1.00..
Consumer prices
.(
do....
See footnotes at end of tables.
253.6
266.3
2575
227.1
2412
3057
324.3
2746
2699
2935
314.7
2082
3527
319.2
675.9
345.9
221.3
186.9
2800
277.5
190.2
2569
312.0
2945
263.8
273.6
2616
241 1
2509
3333
354.2
2857
2792
3147
337.0
2240
3768
3508
667.9
393.8
233.2
191.8
2915
2875
197.6
2964
346.0
3287
266.7
274.6
2605
247 1
2532
3389
266.7
274.4
2589
2474
2524
3394
269.2
277.3
2630
2487
2554
3412
270.9
279.3
2663
2495
2576
3426
271.6
279.7
2673
251.2
2589
3440
272.5
280.3
2684
2529
2602
3456
273.4
281.0
2696
2543
2614
3468
274.5
2818
2706
2564
2629
3490
275.0
2817
2702
2587
2636
3502
275.2
281 1
2695
2610
264 1
3510
275.5
281.2
2685
261.8
2638
3516
2890
2803
3185
339.2
2331
2905
2819
3186
339.3
2336
2919
2834
3203
341.7
2345
2924
2838
3218
342.7
235 1
2920
2830
323 1
343.6
2359
2920
2828
3245
345.3
237 1
2922
2825
3248
346.6
2382
2926
2825
3264
348.5
2395
2929
2823
3268
349.8
2404
2925
2814
3270
351.1
2413
2939
2830
3274
351.8
2420
365.4
671.1
413.5
'235.8
191.0
2930
288.4
201.0
3110
357.7
3478
3646
654.0
414.5
236.7
192.0
2899
2852
201.3
3091
355.2
3513
3638
625.3
418.0
237.6
194.5
2874
2827
201.2
3093
354.5
3523
3636
610.6
420.5
239.0
195.5
2923
2875
201.1
3127
361.1
3535
3693
621.0
429.1
238.4
196.1
2962
2917
201.6
317 1
359.2
3543
3736
620.0
437.4
238.6
195.6
2983
2938
201.6
3227
361.2
3554
3755
619.3
440.5
238.9
195.0
3004
2960
201.4
3296
363.2
3577
3751
619.0
439.1
238.0
197.3
3024
298.0
202.1
3368
365.0
3600
3764
623.2
440.5
238.9
200.4
3037
2992
202.7
3439
366.6
3612
3744
624.7
435.6
239.4
200.7
3050
300.4
204.3
3504
368.2
3629
3713
623.9
428.2
239.9
200.7
3063
3017
206.2
356 1
370.3
3649
370.6
623.9
427.5
240.5
199.3
3063
301.8
207.0
357.6
369.0
3662
-03
2684
2563
2881
2794
1927
2958
291.7
1993
3367
'02
'2681
'2556
2883
2795
1932
2939
289.4
1994
'3383
-02
2663
2530
288.3
2794
1942
2891
284.4
201 1
3393
01
2668
2528
290.1
2818
194 1
2890
284.4
2026
3398
06
2684
2545
291.3
2829
1945
2921
287.2
2013
3417
05
2704
2571
292.2
2838
1958
2958
291.3
2006
3428
02
2708
2582
291.3
2820
1965
297 1
292.6
2008
3437
04
2718
2597
291.0
2816
1977
2986
294.0
2008
345 1
04
2731
2614
291.6
2816
1984
3016
297.0
2025
3465
05
2745
2630
292.5
2823
1984
3041
299.6
2045
3480
04
2756
2639
293.9
2835
1984
3059
301.5
2059
3494
03
2758
264 1
294.3
2833
1985
3064
301.9
2060
3514
0.3
2766
2646
295.5
2847
1984
3072
302.8
2062
3524
267.8
276.4
2661
2466
2560
3386
3593
2864
2783
3190
3407
2302
3795
3622
691.3
407.6
235.1
195.4
2958
2914
199.0
3105
356.0
3422
267.7
2758
2647
2473
2558
3356
355.5
2865
2778
3163
3359
2308
3729
364 1
688.5
410.6
235.7
193.6
2948
2904
200.1
3126
355.6
3443
00
2681
2559
288.2
2801
1932
2960
291.8
1987
3393
*?ffl.2
275.2
2624
'247.3
*2544
*3379
(2)
2881
2793
X
3179
'338.3
2322
(2)
293.4
299.3
300.3
300.7
2999
300.9
300.6
3006
3015
3024
3032
r
3047
3053
3063
3056
3060
329.0
306.0
2698
271.3
2643
319.5
310.4
2807
281.0
2794
313.2
309.9
2849
285.3
2838
312.7
310.1
2855
285.6
2849
313.9
309.2
2839
283.5
2852
320.2
309.9
284 1
283.7
2856
321.6
309.5
2834
282.7
2856
325.8
308.7
283 1
282.3
2862
325.8
309.7
2842
283.6
2865
323.3
311.3
2850
284.6
2867
320.6
312.8
2857
285.2
2872
'327.1
'314.0
'2861
'285.7
'2877
328.3
315.7
2851
285.1
2854
324.5
3160
2879
287.1
2909
324.1
315.7
2868
285.8
2903
327.8
315.8
287 1
286.1
2905
2698
3124
286.0
2696
303.6
251.5
2549
248.7
304.1
2878
694.4
198.4
261.5
292.8
263.1
300.4
309.5
273.7
2328
199.6
235.4
237.5
2790
3153
292.7
2798
306.4
248.9
2424
251.5
312.3
2923
693.2
206.9
262.6
284.7
2788
301.6
320.2
288.7
2414
204.6
249.7
251.3
2812
3153
293.9
2824
306.1
243.9
2307
250.2
3150
2905
706.1
208.9
263.2
279.9
2818
300.5
321.2
289.8
2417
203.9
256.3
257.8
2820
3153
294.3
2832
305.9
244.8
2326
250.5
3152
2896
703.4
209.2
264.1
285.6
2824
299.9
320.5
290.5
2422
202.6
257.5
258.1
2826
3133
293.5
2837
303.8
245.8
2332
251.7
3139
2893
683.6
210.7
266.7
293.3
2833
300.3
321.5
293.6
2429
202.7
256.3
257.0
2848
313.4
293.9
2857
302.5
250.4
2407
254.7
313.9
2905
668.6
212.5
264.3
303.1
2843
304.7
322.3
294.2
2423
202.6
255.8
256.3
2846
3130
293.2
2853
301.4
250.6
2415
254.5
313.5
2898
658.0
212.3
264.9
305.8
2847
304.4
322.0
294.8
2418
203.4
255.2
255.4
2853
3124
292.7
2860
299.7
254.7
2505
256.0
312.4
2913
644.8
212.8
267.4
307.2
2854
304.6
324.1
295.4
2430
203.5
255.6
255.9
2860
3135
293.7
2867
301.0
254.7
2504
256.1
313.6
291 1
651.9
213.6
269.4
308.0
2860
306.1
324.1
296.0
2432
204.3
255.8
256.2
2867
3145
295.0
2873
303.1
252.5
2474
254.3
3153
2908
665.5
214.0
271.2
3148
2862
306.3
324.5
297.0
243 1
204.7
256.1
256.5
2874
3154
296.1
2880
304.5
251.5
2443
254.4
3165
2937
6687
214.8
272.3
3146
2874
307.3
325.1
2978
2434
205.3
256.2
256.6
2878
'3178
'296.9
2883
'305.9
'255.5
2535
'255.5
'3173
'2944
'671 7
'214.9
'274.7
3139
'2874
'308.2
'326.3
'2988
'2437
'206.0
'256.8
'256.8
2867
3199
297.3
2871
308.1
259.2
2563
259.7
3172
2948
6757
214.9
275.3
3060
2875
310.9
327.2
299.1
2445
205.8
250.3
248.9
2892
3195
298.8
2897
308.3
257.9
2552
258.3
3187
2964
6727
215.1
274.7
3061
2878
3107
327.9
3004
2451
206.4
261.2
261.1
2892
3183
298.4
2896
307.5
256.0
2510
257.6
3183
2964
6671
215.4
277.3
3060
2881
3103
328.9
3020
2438
207.0
260.6
260.3
2899
3185
298.7
2903
307.5
257.8
2540
258.8
3184
2966
662.1
215.3
278.3
308.8
2888
311.4
329.2
302.7
2441
207.2
260.7
260.4
05
0.371
0.367
0.356
0.346
-1 1
06
03
02
-03
00
02
01
04
02
03
-02
3173
3117
2855
2862
2582
2958
2298
3453
2831
3166
3118
2864
2870
2588
2967
2304
3464
2844
3158
3101
2833
2831
258.3
2908
2296
3373
2839
3168
3098
2838
2834
260.9
2900
232.2
3337
2850
3189
3086
2830
2822
261.4
2880
232.6
3297
2858
3239
3072
2830
2823
264.2
2867
2324
3274
2856
3241
3086
2837
2829
2629
2883
2329
3300
2862
3236
3197
311 1 3120
285 1
2853
2847
2845
2614
2595
2914 '2925
2341
2340
3347
3367
2870
2875
'3267
'3136
2864
'2856
'2605
'2934
'2350
'3376
'2893
3280
3161
2869
2864
2624
2937
2338
3389
2888
3272
3170
2878
2873
2653
2936
2328
3396
2896
3283
3174
2873
2866
2627
2939
2339
3393
2896
331 8
3174
2880
2873
2646
2940
234 l
3394
290 1
0.351
0.341
0.350
0.342
0.352
'0.341
0.352
0.341
0.353
0.341
0.353
0.338
0.352
0.337
0.351
0.335
'0.350
0.333
0.351
0.331
0.347
0.330
0.349
0.330
0.348
0.329
0.350
0.334
02
SURVEY OF CURRENT BUSINESS
January 1984
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown hi BUSINESS STATISTICS: 1982
1981
1982
Annual
S-7
1982
Nov.
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted), total
rail.
Private total #
Residential
New housing units
$.
do
do...;
do
Nonresidential buildings, except farm and
public utilities, total #
mil. $
Industrial
do
Commercial
.
do
Public utilities:
Telephone and telegraph
do
Public, total #
do
Buildings (excluding military) #
do
Housing and redevelopment
do
Industrial
do
Military facilities
do
Highways and streets ,
do....
New construction (seasonally adjusted at annual
rates), total
bil. $..
239418
186 069
86566
62664
232 049
180 979
74810
51916
21368
16668
7,268
5046
19,674
16020
6,804
4600
17 116
13820
6233
4446
16 314
13358
6,082
4510
18,259
15058
7,163
5463
19597
16071
8,221
6066
21461
17382
9222
6799
60818
17030
34248
65134
17343
37284
5,758
1440
3295
5,334
1344
3019
4823
1 112
2818
4553
1039
2663
4793
1 117
2751
4733
1074
2770
4797
1068
2812
7110
596
4700
436
3296
217
1,318
539
3654
1380
154
127
191
727
7074
53349
17792
1722
1655
1964
13,599
51070
16997
1,658
1632
2205
13,521
1538
162
139
23578 r24 389 '26 123 '26 507 '24 905
18966 '19
558 r20 549 '21 015 '20 186
10167 r!0 991 11 600 '11 872 '11 190
7743
8361
8753 '8884 '8574
24039
19744
10,651
8270
5489
1 156
3236
'5293
'967
'3231
5419
994
3313
448
561
581
3200
501
3526
547
4079
4,612
1326
151
151
1332
136
137
1423
137
154
1523
133
152
180
573
2,956
1,265
133
126
194
489
198
558
212
770
199
1,115
161
1,415
1342
144
156
5158
1 066
3135
5547
1 244
3242
517
4831
r
!537
120
166
r
239
1,547
397
'5574
587
'5492
'4719
4295
'1683
151
137
'1600
147
'200
'1470
'150
158
1379
130
162
'207
2,023
'253
1,866
196
'1,694
220
1293
5184
1 131
3108
r
588
243.7
240.2
247.9
243.0
241.9
247.4
254.8
264.3
r
do ...
190.5
190.8
195.0
194.3
194.9
199.5
214.7
r
274.2
222.8
'282.0
'228.5
'285.4
'232.6
'2719
'223.0
2719
223.2
Residential
do....
x
New housing units
do
Nonresidential buildings, except farm and '
public utilities total #
bil $
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph
do
81.2
558
86.0
586
89.7
634
93.6
688
96.1
723
102.0
773
206.0
107.5
822
113.5
879
122.3
927
127.1
948
'129.1
950
121.7
'922
118.3
91 1
66 1
16.7
379
643
15.6
369
653
15.2
382
627
14.3
367
613
143
355
576
132
336
576
130
333
600
13 1
359
593
12.2
359
625
142
363
626
132
369
'589
105
'361
619
115
380
Private, total #
..
Public total #
Buildings (excluding military) #
Housing and redevelopment
Industrial
Military facilities
Highways and streets
CONSTRUCTION CONTRACTS
68
64
68
66
63
63
66
65
do
do .
do
do. .
532
494
529
487
470
479
487
496
17.7
19
2.0
16.8
18
1.5
18.1
18
1.8
17.9
18
1.8
172
19
18
168
16
16
173
16
17
do. ..
do
26
144
2.4
130
2.3
140
2.4
125
25
119
28
129
!2 995
122
13977
131
11376
127
11310
119
16171
131
r
3058
r
9937
2835
11 142
2,958
8418
2,538
8772
4504
'5,784
2,707
3975
5184
4,818
4 459
4,970
1,947
Construction contracts in 50 States (F.W. Dodge
Division, McGraw-Hill):
Valuation total
mil $
Index (mo. data seas, adj.)
1977 — 100..
Public ownership
*
mil. $..
Private ownership
do
By type of building:
Nonresidential
do
Residential
do....
Non-building construction
do....
New construction planning
(Engineering News-Record) §
do
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
Privately owned
One-family structures
Seasonally adjusted at annual rates:
Total privately owned
One-family structures
thous..
do
do
.
Federal Highway Adm. —Highway construction:
Composite (ave. for year or qtr.)
1977 = 100..
•no
38,956
114 524
154 619
'111
41347
113 273
r
r
43
65
65
'535
'528
'489
486
174
16
17
177
14
20
183
18
17
172
18
19
170
'1 8
22
160
15
23
23
130
19
129
r
27
14 1
'23
159
'27
159
'25
146
26
140
18934
148
4479
14455
20339
151
5,070
15270
17028
137
4162
12866
18597
146
17388
143
16227
139
3,917
12254
16336
129
3735
12 602
4621
13976
4369
13019
3,806
12421
15365
145
3,307
12058
4214
4,775
2,321
5438
7,762
2,971
4549
7,667
4,120
5246
8235
5,453
6334
10,158
3,847
5312
8,471
3,246
6006
9,257
3,334
5437
8644
3,308
5795
8221
2,210
60088
60,164
33,228
59208
58076
37,336
166 366
149 206
15530
17683
12665
11802
12737
10930
11 165
13 185
9729
13206
12902
12744
16 795
24 714
1,100.3
10842
7054
1,072.0
10622
6626
109.9
1089
660
83.4
829
518
92.9
913
563
96.7
963
604
135.8
1346
862
136.4
1358
932
175.5
1749
1149
173.8
1732
114 2
162.0
1616
1004
177.7
1768
1099
156.8
154.9
972
159.9
159.3
'919
137.3
1369
'830
107.7
1075
593
1,361
868
1280
842
1,694
1 126
1784
1 103
1,605
1008
1,506
1001
1807
1 183
1,736
1 127
1804
1032
1,904
1 135
1,664
1031
1,654
1,755
1 002 1 097
1,761
94(T ™ 1013
1,782
920
874
1*506
837
1,630
880
1,642
'911
233
299
30 1
305
280
302
268
291
235
309
do
do
New private housing units authorized by building
permits (16,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
thous..
One-family structures . .
do
Manufacturers' shipments of mobile homes
Unadjusted
.
thous
Seasonally adjusted at annual rates
do
CONSTRUCTION COST INDEXES
Dept. of Commerce composite
1977—100..
American Appraisal Co., The:
Average 30 cities
1913—100
Atlanta
do
New York
.
do
San Francisco
do
St Louis
do....
Boeckh indexes:
Average, 20 cities:
Apartments hotels, office buildings 1977—100
Commercial and factory buildings
do....
Residences
do
Engineering News-Record:
Building
1967—100
Construction
do
See footnotes at end of tables.
153 480
63
514
r
r
L227
1*326
738 ~"~ 753
986
564
1,000
546
240.9
2389
188
251
159
243
18.1
284
197
283
254
276
251
291
268
298
295
308
151.9
154.1
152.7
153.4
156.6
156.8
156.5
156.8
155.3
154.2
137.4
140.1
136.0
150.0
151.9
1475
1549
156.0
1525
3103
3289
3306
356 1
3356
3648
156.7
146.8
1,447
1,479
866 " " 8 3 5
1.467
1,536
:
85§ ""~ 84T
156.8
158.4
158.9
158.8
!
5511
7575
2,280
1,667
972
1,605
914
157.8
2643
2841
2645
2873
2,453
155.7
159.2
153.1
3400
3677
146.1
3420
3687
157.7
161.7
155.4
155.8
159.7
153.5
3475
3725
3481
3729
148.1
3474
3725
3479
3726
1620
164.4
1578
3535
3792
143.1
3573
3825
r
1632
165.2
1585
3594
3847
3597
3856
146.8
163.3
165.4
l! 158.8
3576
384.2
358 3
« 384 8
2
356 1
*3826
149.7
S-8
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
1982
Nov.
Annual
January 1984
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
.July
Aug.
Oct.
Sept.
Nov.
Dec.
CONSTRUCTION AND REAL ESTATE—Continued
REAL ESTATE 0
Mortgage applications for new home construction:
FHA net applications
thous. units..
Seasonally adjusted annual rates
do
Requests for VA appraisals
Seasonally adjusted annual rates
Home mortgages insured or guaranteed by:
Fed Hous Adm * Face amount
Vet. Adm • Face amount §
do
do....
mil $
do
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $..
New mortgage loans of all savings and loan
associations, estimated total
By purpose of loan:
Home construction
Home purchase
All other purposes
mil $
do
do
do....
92.3
99.8
1538
1550
10 278 14
7,905.93
8 087 07
5,428.27
65,194
66,004
7.9
143
113
168
169
227
15 1
238
12.2
178
195
274
12.0
167
210
278
17 1
180
273
292
165
187
227
249
15 1
156
224
245
188
210
263
293
15.9
198
227
266
193
207
280
288
13.3
154
11.9
146
112
148
96
139
214
255
173
205
179
204
165
259
77121 1 083 56 91479 1 100 29 2 026 13 2 447 06 1 637 70 3 944 14 2 464 19 2 174 87 3 933 79 2 190 42 2 674 40 1 580 28
454.78 56389 63080 961.02 1 243 48 1 189 71 1 910 77 1 541.01 1 223 94 2,193.18 2,091.70 1,934.20 1,598.29 1,447.58
66,308
66,004
62,365
61,004
60,024
59,371
58,628
58,800
58,264
57,377
57,862
r
58,560
57,712
53283
54,298
5,314
8451
5869
6,415
10076
10446
10966
14,146
12817
13,949
13,595
11,036
10,982
11599
28299
13.385
11765
21779
20,754
1 194
1938
2,182
1719
2714
4,018
1 152
2173
2,544
1340
2249
2,826
2163
3438
4.475
2267
3829
4.350
2245
4425
4.296
2597
5767
5.782
2296
5496
5.025
2473
6308
5,168
2,430
5630
5,535
r
2,147
r
4796
'4,093
2,139
4466
4,377
58,953
DOMESTIC TRADE
ADVERTISING
Magazine advertising (Publishers Information
Bureau):
Cost, total
mil $
Apparel and accessories
do
Automotive incl accessories
do
Building materials
do
Drugs and toiletries
do
Foods soft drinks confectionery
do
32569
1434
2917
593
3204
2344
3,421.2
1544
330.0
523
329.3
2613
397.6
167
46.2
41
28.5
343
2855
119
269
27
247
208
2292
88
19.3
34
20.1
142
275.9
103
32.0
26
27.1
237
320.6
204
35.8
37
31.6
239
3309
173
362
50
362
207
374.7
157
45.6
70
39.5
249
295.5
90
34.6
25
30.8
216
249.3
89
24.5
34
27.3
232
250.0
200
22.6
29
28.6
182
347.6
326
19.6
80
37.1
227
448.9
242
47.7
44
38.5
346
447.0
220
46.5
43
37.3
385
do
do
do
do....
do
do....
2569
1679
677
29.7
3166
1,368.9
258.1
1467
50.9
26.5
3580
1,450.6
32.6
175
4.4
2.5
38.7
172.0
34.8
108
2.4
1.1
327
116.7
10.2
80
2.3
1.3
314
110.1
13.6
80
2.3
2.0
31.4
122.9
19.6
122
3.1
1.9
349
133.5
196
172
33
2.6
360
1368
205
196
44
2.6
382
156.3
21.5
115
29
1.5
364
121.6
14.6
106
2.5
1.1
353
98.0
130
72
27
2.1
299
103.0
173
182
45
2.1
280
157.4
25.6
220
57
3.6
333
209.4
300
249
60
2.8
319
202.8
Newspaper advertising expenditures (Media
Records Inc.):
Total
Automotive
Classified
..
Financial
General
Retail
mil $
do
do
do
do
do.. .
9 575.4
2256
25149
3872
13800
5,067.8
WHOLESALE TRADE
Merchant wholesalers sales (unadj ) total
Durable goods establishments
Nondurable goods establishments
mil $ 1 208 070 1 144 352
do . 509,743 457,713
do
698 327 686 639
94 181
38,279
55902
94279
37,643
56636
87420
35,061
52359
84974 100 953
34,133 40763
50841 60190
91 153
37,531
53622
Beer wine liquors
Houshold equip supplies furnishings
Industrial materials
.
Soaps, cleansers, etc
Smoking materials
All other
Merchant wholesalers inventories, book value,
end of year or month (unadj ) total
mil $
Durable goods establishments
do
Nondurable goods establishments
do....
117 566
75,601
41,965
98523 103 062
39,875 43,773
58648 59289
94640 102 865 103 314 r!05 694 106 275
44,497
39836 43,735 43,661 '45,193
54804 59130 59653 r60 501 61778
119 302 119 620 119 302 118 010 117 803 118 208 117 613 115 127 114 492 114 378 114 786 117 312 r!20
105 121 107
77,415 77964 77415 76097 75738 75935 75790 74,963 75117 75090 75100 76,550 r76,355 76437
41,887 41,656 41,887 41,913 42,065 42,273 41,823 40,164 39,375 39,288 39,686 40,762 '43,750 44,670
RETAIL TRADE
All retail stores:
Estimated sales (unadj.), total
mil. $.. 1,047,573 1,075,679
316 020 320,868
Durable goods stores #
do
Building materials, hardware, garden supply,
48,975
51,968
and mobile home dealers
mil. $..
173 922 182,390
Automotive dealers
do
46,513
47,462
Furniture, home furn., and equip
do....
Nondurable goods stores
do.... 731,553 754,811
127 948 131 282
General merch group stores
do
Food stores
do.... 241,102 252,802
Gasoline service stations
do.... 108,231 104,633
51,991
50,270
Apparel and accessory stores
do....
98,585 107,357
Eating and drinking places
do....
35,849
33,593
Drug and proprietary stores
do....
19031
18631
Liquor stores
do
Estimated sales (seas adj ) total
do
Durable goods stores #
do
Building materials, hardware, garden supply,
and mobile home dealers #
mil. $..
Building materials and supply stores .. do .
Hardware stores
do
94,196 113,189
28,423 31,142
81,342
23808
78,884
24,159*
93,760 J93*970
30832 30350
4,039
16233
4,193
3,864
14960
5,318
3,261
13776
3,639
3,159
14,536
3,440
4,088
19246
4,035
65,773
13197
20,680
8,585
82,047
21,238
23,608
8,706
57,534
7896
20,354
8,072
54,725
7747
19,323
7,353
62,928
10248
21,497
8,077
4,762
8,878
3,021
1559
7,232
9,382
4,171
2197
3,496
8,673
2,975
1386
3,203
8,413
2,930
1329
92492
92,459
92,308
28,721
28,723
28,307
4,057
2,864
682
4,143
3,018
674
97,840 100,611
32,656 34999
99,563 100,228
32861 33039
97,970 '100,665 '103,819 '125,14v9
32201 r33,037 '33,455 '37167
4,567
18405
3,937
5,416
19585
3,976
5,685
21238
4,187
5,290
19589
4,319
5,356
19 192
4,579
65,184
11 190
21,860
8,872
67,189
11410
22,294
9,467
4,325
10,210
3,168
1519
65,612
11 156
22,234
9,119
4,238
10,368
3,185
1571
66,702
10562
23,443
9,479
4,185
9,635
3,208
1452
63,620
10490
21,739
8,324
4,327
9,942
3,114
1495
4,094
10,846
3,147
1663
4,627
10,755
3,222
1618
'5,257 '4,862 '4,366
5,154
18,648 '19,210 '18,987 1 18,565
'4,455 '4,847 '5,991
4,373
65,769 '67,628 '70,364 '87,982
11087 '11 939 '14 601 '23 081
22,245 '22,145 '21,951 '24,781
8,943 '8,940 '8,654 '8,706
'4,692 '5,209 '8,095
4,385
10,270 '10,417 '9,773 1 110,227
'3,189 '3,274
3,155
4,525
1623
1574 '1566
91,164
93263
95449
98,431
99173
99521
97801
99,202 '100,841 '101,981
27,490
29 160
30668
32124
32663
32539
30893
32,125
33,092
4,366
3,214
710
4,222
3,101
702
4,400
3,232
685
4,542
3,330
680
4,882
3,482
741
4,951
3,537
740
4,904
3,556
745
4,784
3,464
721
4,731
3,436
718
'4,793
'3,474
'717
1
102 059
'34,111 '34 654
'4,941
3,597
744
'4,766
Automotive dealers
Motor vehicle and miscellaneous
auto dealers
Auto and home supply stores
do
17104
16,727
15,979
15,496
16802
18157
19096
19509
19314
17563
18,651 '19,369 '20 287 '20 869
do
do
15298
1806
14965
1,762
14227
1,752
13,664
1,832
14986
1816
16371
1,786
17 188
1,908
17571
1938
17332
1982
15595
1,968
16689 '17 402 '18 220 '18800
2067
'1,967
1,962
Furniture, home furn , and equip. #
Furniture, home furnishings stores
Household appliance, radio. TV
do
do....
do....
3868
2,258
1.175
4100
2,326
1.317
4,100
2,384
1,414
3,973
2,296
1,375
4106
2,425
1.370
4,196
2,423
1.434
4240
2,449
1.462
4,227
2,449
1.445
4,374
2,516
1.523
4,419
2,593
1.487
See footnotes at end of tables.
4,419
2,607
1,474
'4,491
'2,715
'1.460
'4452
2,630
1.501
'4,605
SURVEY OF CURRENT BUSINESS
January 1984
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown hi BUSINESS STATISTICS: 1982
1981
S-9
1982
1982
Nov.
Annual
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
DOMESTIC TRADE—Continued
RETAIL TRADE-Continued
All retail stores—Continued
Estimated sales (seas, adj.)—Continued
mil. $..
do....
do
do....
63,771
11,043
8928
729
63,736
11,410
9265
744
64,001
11,313
9309
747
63,674
11,131
9056
758
64,103
11,272
9256
753
64,781
11,240
9208
739
66,307
11,651
9535
761
66,510
11,884
9,776
752
66,982
11,705
9586
783
66,908 . 67,077 '67,749 '67,870 ^7,405
11,729 11,815 11,904 12,207 12,235
9,659 '9758 '9946 '9960
9619
767
766
765
811
do...,
do
do...,
21,333
19964
8733
21,423
20139
8,628
21,115
19868
8,596
21,347
20073
8,216
21,501
20208
8,183
21,572
20298
8,391
22,042
20707
8,793
22,030
20719
8,735
22,357
21007
8,875
22,211
20833
8,991
Apparel and accessory stores #
do....
Men's and boys' clothing
do
Women's clothing, spec, stores, furriers do...
Shoe stores
do
4354
680
1626
818
4,341
682
1,638
813
4,263
682
1,656
822
4,332
664
1,651
878
4,322
654
1678
838
4,519
698
1,688
868
4,690
729
1,777
888
4,642
692
1,735
893
4,551
695
1,706
871
4,491
657
1,677
865
Eating and drinking places
Drug and proprietary stores
Liquor stores
9345
3067
1565
9345
3016
1,548
9626
3148
1542
9715
3209
1545
9762
3263
1563
9776
3 197
1572
9874
3210
1,574
9856
3250
1,577
10071
3282
1593
10023
3294
1,612
Nondurable goods stores
General merch. group stores
Department stores
Variety stores
Food stores
Grocery stores
Gasoline service stations
do
do
do....
Estimated inventories, end of year or month:
Book value (unadjusted) ' total
mil $
Durable goods stores #
do....
Building materials, hardware, garden
supply, and mobile home dealers
do....
Automotive dealers
.
do
Furniture, home furn., and equip
do....
Nondurable goods stores #
General merch group stores
Department stores
Food stores
Apparel and accessory stores
Nondurable goods stores $
General merch. group stores
Department stores
Food stores
Apparel and accessory stores.
.. .
Firms with 11 or more stores:
Estimated sales (unadjusted) total
4,480
659
1,695
887
'4,638
'687
1,823
'891
10,259
26638
10,324
10,224
26691
9,878
10,360
9,984
10,789
27585
10,101
11,198
27488
10,325
11,207
27599
10,266
11,266
28204
10,383
11,275
28322
10,539
11,090
27014
10480
11,201 11,221
25918 r27 008
10,746 10,890
11,087
28378
11095
65,956
22 191
16,462
15311
10,477
75,293
28198
21,130
15431
12,167
65,956
22191
16,462
15311
10,477
64,110
21555
15,826
14769
10001
65,459
22780
16,837
14750
10,234
67,772
24334
18,028
14900
10,667
68,277
25003
18,615
14854
10,698
68,572
25249
18,795
14920
10,434
68,862
25151
18,664
15024
10,519
69,615
25638
18,909
14923
10,709
71,638 '74,327
26722 rr28 159
19,728 r20,808
14 924 r!5 337
11,235 l 1,843
78 156
30152
22,356
15814
12,487
do
do....
65,150
21808
16,315
14300
10,561
126 833
59,095
do
do....
do
10,164
26,296
9870
10672
26,375
10028
10373
26,665
9956
10672
26,375
10028
10736
26,023
10314
10821
27,585
10349
10893
26739
10 461
10838
27,326
10307
10938
27,276
10 414
11,065
27,417
10507
11 101
26,588
10586
11,235 11,357
27,427 '28,886
10714 10,750
11 199
28,927
10638
do. ..
do....
do
do....
do
67,738
24,020
17889
14,158
10967
68653
24,484
18090
15,174
10891
68202
24,386
18075
14767
10912
68653
24,484
18090
15174
10891
68134
24129
17663
14994
10918
68875
24,983
18523
14960
10876
68915
25080
18566
14826
10885
69261
25,389
18803
14,854
10972
70253
25,882
19159
15,086
10779
70482
25,761
19162
15,130
10957
70621
25,964
19315
15,166
10905
71470
26,393
19649
15,244
10982
'71,431
r
26,245
19 538
15,508
11 079
71493
26,146
19373
15,368
11250
r
33 989
35043
?2 721
379
2800
393
128 250 127 619 128 250 127 869 130 392 129 327 129 901 131 654 132 501 131 905 133783 r!35 452 135 173
59,597 59,417 59,597 59735 61,517 60412 60,640 61,401 61,019 61,284 62,313 ^64,021 63,680
371 996
388 984
35274
47 915
28 146
27026
32513
32638
33687
33773
33751
34439
Durable goods stores
Auto and home supply stores
do
do....
26870
3,959
28212
4,059
2575
362
3792
361
1933
289
1868
272
2382
345
2475
361
2723
371
2814
393
2734
394
2791
1407
Nondurable goods stores #
General merchandise group stores
Food stores
Grocery stores
Apparel and accessory stores
Eating places
Drug stores and proprietary stores
do....
do
do....
do
do....
do
do
345,126
115 314
127,567
125 745
18,706
20341
17,855
360,772
119 163
135,387
133 475
20,143
22138
19095
32,699
12020
11135
10987
1934
1860
1625
44,123
19437
13,050
12786
3055
1924
2442
26,213
7122
11038
10905
1228
1803
1575
25,158
6991
10,454
10308
1186
1736
1542
30,131
9311
11,693
11529
1717
2030
1727
30,163
9531
11,711
11563
1,710
2033
1696
30,964
10196
11,597
11449
1,704
2071
1,751
30,959
10157
11,697
11549
1,689
2025
1,751
31,017
9551
12,369
12220
1,624
2 134
1739
31,648
10392 10'066
11;734 '1 1^883
11 587 11 738
1,926 1,802
2140 r2083
1^760 1,733
32243
10825
11,745
11593
1,875
2147
1733
do....
do
do.
do
do....
32817
346
8547
588
11257
33540
339
8937
600
11416
33312
348
8967
598
11 185
33083
351
8697
606
11340
33568
355
8920
596
11472
33349
344
8800
593
11381
34,610
364
9169
610
11,767
34,746
361
9417
600
11607
34649 34,669 '34,941
377
377
384
9230 r9,290
9204
601
610
608
11739 11 728 11,703
35,141
375
9388
607
11,746
Apparel and accessory stores
do....
Women's clothing, spec stores, furriers .. do....
Shoe stores
do
Drue stores and Droorietarv stores
do....
1,725
723
368
1,651
1,728
736
371
1.616
1726
748
370
1.694
1,746
758
389
1.744
1,757
772
378
1.773
1,778
743
390
1.774
1,833
767
398
1.769
1,866
793
406
( 1.801
Estimated sales (sea adj ), total #
Auto and home supply stores
Department stores
Variety stores
Grocery stores
...
i
^,745
800 142 601
124 858 136 105 124 858 123 345 126 364 128 843 129 335 130 917 131 663 131 000 132 440 r!36
58902 60,812 58,902 59,235 60,905 61,071 61,058 62,345 62,801 61,385 60,802 r62,473 64,445
10,224
26691
9,878
mil $
'4,764
701
1,912
890
10,148 10 233 '10 298 10 136
3325 '3315 '3337 *3293
1,646 1618
1623
9,737
26638
9,722
do....
do
do....
do
do....
Book value (seas adj ) total
Durable goods stores #
Building materials, hardware, garden
supply and mobile home dealers
Automotive dealers
Furniture home furn and equip
123 591
58,441
22,262 '22,445 '22,449 122,117
20877 '21 084 '21 068 '20
759
8,890 '8,904 '8,768 X8,603
1,844
775
400
1,806
1,796
753
368
1.828
1,838
'764
399
1.857
1,861
805
412
1,850
234.23
234.46
234.67
234.88
i
i,
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas
LABOR FORCE
mil..
2
2
110,812
2,142
108,670
100,397
8273
112 383 113 035 112,659 111 968 111 835 112 067 112 077 112,506 115,578 116 172 115 786 114,406 114,253 114 347 113,999
2179
2198
2195
2209
2180
2182
2189
2188
2194
2202
2192
2208
2211
2200
2204
110,204 110,855 110,477 109,779 109,647 109,873 109,875 110,308 113,383 113,980 113,578 112,197 112,042 112,147 111,795
99379 98,849 97262 97,265 97,994 98,840 99,543 101,813 103,273 103,167 102,366 102 659 103 018 102 803
10678 11476 11628 12517 12382 11879 11035 10765 11570 10707 10411
9830
8992
9383
9129
229.85
232.06
232.90
233.08
233.27
233.43
233.57
233.74
233.89
234.07
235.22
Not Seasonally Adjusted
Labor force, total, persons 16 years of age
and over
Armed forces
Civilian labor force, total
Employed
Unemployed
thous
do
do....
do....
do
Seasonally Adjusted 0
Civilian labor force total
Participation rate t
•
Employed, total
Employment-population ratio t
Agriculture
Nonagriculture
do
percent..
thous..
percentthous..
do....
58.3
3,368
97,030
Unemployed total
Long term, 15 weeks and over
do....
do....
2,285
See footnotes at end of tables.
429-897 0 - 84 - S2
63.9
'110 923 '110 873 110 677 '110 688 '110 735 '110 975 '110 950 '111 905 '111 825 112 117 '112 229 '111 866 112 035 112 136
'64.3
'64.3
'63.8
'63.8
'63.8
'63.9
'63.8
'64.3
'64.2
'64.0
64.0
'64.1
'64.0
'64.0
'99,036 '98,979 '99,154 '99,172 '99,316 '99,606 '99,762 100,743 101,225 101,484 101,876 101,970 102,606 102,941
'56.6
'57.1
'57.4
'57.6
57.1
'56.5
'56.5
'56.4
'56.5
'56.6
'57.4
'57.9
58.1
'56.4
'57.6
3,401
3,356
'3,499 ?3,429 '3,420 '3,415 '3,386 '3,392 '3,374 '3,479 '3,499 '3,449 '3,308 '3,240 '3,257
96125 '95 537 '95 550 r95 734 '95 757 '95 930 '96 214 '96 388 '97 264 '97 726 '98 035 '98 568 '98 730 '99 349 99585
64.0
3,485
'11 887 '11 894 '11 523 '11 516 '11 419 '11 369 '11 188 11 162 '10 600 '10 633 '10 353
'4,485 '4,660 '4,623 '4,613 '4,587 '4,396 '4,510 '4,486 '4,398 '4,078 '3,889
'9896
'3,655
'9429
'3,527
9195
3,369
S-10
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
Annual
January 1984
1982
Nov.
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE-Continued
Seasonally Adjusted 0
Civilian labor force—Continued
Unemployed—Continued
Rates (unemployed in each group as percent
of civilian labor force in the group): §
All civilian workers
Men 20 years and over
Women 20 years and over
Both sexes 16-19 years
White
Black and other
Married men, spouse present
Married women, spouse present
Women who maintain families
Occupation:
White-collar workers
Blue-collar workers
Industry of last job (nonagricultural):
Private wage and salary workers
Construction
Manufacturing
Durable goods
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seasonal variation ....thous..
Private sector (excl. government)
do....
107
10.0
'91
r
24.1
107
100
r
91
r
243
104
r
97
90
r
231
104
r
98
89
'227
103
96
88
'236
102
'97
'85
234
101
'9.5
85
23.0
100
'91
86
236
95
8.8
79
'22.7
95
'8.7
80
'22.8
'92
'86
78
218
88
82
'75
216
84
78
'72
'202
82
74
71
20 1
9.6
!87
r
7.5
'8.3
12.7
r
96
189
r
75
r
8.1
13.3
91
189
'7.2
7.8
13.2
9.2
182
7.2
7.6
13.2
r
91
186
71
7.5
13.3
89
187
7.1
'7.4
13.0
'8.8
185
7.0
'7.4
12.7
86
'186
'6.7
'7.6
12.5
8.2
179
'6.2
7.0
11.8
8.2
179
6.3
6.9
11.8
'8.0
'173
6.1
6.8
12.0
77
167
'5.7
6.3
'11.4
73
'16 1
5.5
'6.0
10.5
71
163
52
6.1
109
11.4
22.0
145
16.7
11.5
r
21.6
142
161
10.9
'20.2
131
14.7
10.8
19.9
131
14.5
10.7
T
20.2
128
143
10.5
'20.0
'125
'13.7
10.4
'20.0
123
13.5
10.1
18.4
'116
'12.5
'9.7
18.0
107
'11.4
9.8
17.9
112
11.7
9.4
'18.1
102
109
9.0
'15.8
'96
10.2
'8.6
15.6
'89
'90
8.3
163
83
83
89,596
73793
89,466
73,463
89,321
73353
87,660
71905
87,613
71625
88,172
72121
89,005
72984
89,830
73,774
90,654
74795
89,946
74,933
89,612
74,745
91,213 '91,725 '92,118
75738 '75 865 '76 105
P
92,289
P
91,156
75,125
54,955
25497
1 139
4 188
20170
12109
666
464
638
1 122
1590
2,498
2,094
1,898
730
408
8,061
1,671
70
823
1,244
689
1266
1,109
214
737
238
65659
5,165
20,547
5358
15 189
5298
18619
16031
2772
13259
89,596
73,793
54,940
23907
1 143
3911
88,785
73,013
54,791
23131
1066
3843
88,885
73,132
54,888
23186
1037
3905
88,746
73,004
54,759
23049
1014
3790
88,814
73,090
54,823
23030
1006
3757
89,844
74,123
55,541
23518
1003
3933
18244
10594
625
430
557
817
1364
2,048
1,974
1,710
695
374
7,650
1,626
69
726
1,150
653
1266
1,057
200
688
215
65699
4,979
20,355
5 185
15 170
5374
19238
15,753
2748
13005
18245
10608
631
427
557
810
1364
2,042
1,981
1,729
693
374
7,637
1,620
67
726
1,148
652
1264
1,056
199
691
214
65697
4,966
20,343
5 181
15162
5384
19262
15,742
2742
13000
18267
10617
638
433
559
816
1362
2030
1,988
1,723
691
377
7,650
1,619
67
730
1,143
652
1269
1,056
199
699
216
65784
4,963
20,350
5 176
15*174
5391
19356
15724
2742
12982
18493
10788
662
446
570
828
1379
2,064
2,010
1,757
689
383
7,705
1,632
66
736
1,153
656
1276
1,058
198
716
214
66074
4,993
20,356
5 197
15159
5435
19546
15744
2756
12988
18582
10844
679
450
573
830
1384
2,066
2,030
1,762
687
383
7,738
1,643
65
745
1,159
657
1281
1,056
198
721
213
66 326
4,992
20,494
5222
15272
5451
19668
15721
2742
12979
90,152
71,419
55,739
23724
1017
3974
18733
10961
688
459
577
839
1391
2,094
2,047
1,794
687
385
7,772
1,638
65
746
1,180
658
1284
1,059
197
732
213
66428
4,984
20,529
5 229
15*300
5465
19770
15680
2738
12942
89,748
74,074
55,281
23830
1023
4014
18793
11022
699
457
582
840
1410
2,109
2,043
1,807
692
383
7,771
1,627
62
752
1,175
659
1289
1,056
195
739
217
65918
4,341
20,580
5 249
15331
5488
19835
15674
2746
12928
90,851
74,990
56,119
23935
1026
4038
18,222
10577
608
427
559
823
1362
2,088
1,975
1,661
700
374
7,645
1,632
63
727
1,141
654
1263
1,064
200
685
216
65654
5,019
20,320
5212
15108
5356
19187
15,772
2746
13026
89,090
73,377
55,001
23159
997
3786
18376
10689
651
440
565
820
1369
2031
1,999
1,743
690
381
7,687
1,633
66
733
1,149
654
1274
1,058
199
707
214
65931
4,988
20,329
5 180
15149
5423
19478
15713
2738
12975
89,421
73,677
55,184
23347
994
3860
18853
11 100
603
433
578
922
1435
2,267
2,016
1,744
716
386
7,753
1,638
68
750
1,164
662
1269
1,079
201
701
221
65689
5,081
20,401
5280
15 122
5340
19064
15,803
2739
13064
88,665
72,907
54,714
23061
1053
3815
18 193
10559
614
429
554
816
1359
2,066
1,957
1,696
695
373
7,634
1,626
69
727
1,140
653
1263
1,059
199
685
213
65604
5,008
20,256
5 192
15064
5367
19215
15758
2747
13011
60,927
14020
59,566
12790
59,292
12319
59,209
12201
57,776
12 115
57,529
12 157
57,989
12241
58,800
12369
59,551
12523
60,472
12720
60,576
12646
60,331
12873
61,318 '61,418 '61,605 PP61,749
13 125 '13 190 '13 218 13 182
60927
18245
841
3261
14020
8294
553
374
491
862
1,171
1581
1,311
1,220
430
302
59566
16589
831
3004
12,790
7350
494
343
437
684
1,034
1368
1,217
1,085
410
279
58850
15961
763
2946
12,252
6900
500
337
422
601
975
1,215
1,178
1,010
394
268
58764
15908
750
2917
12241
6892
506
338
418
596
973
1 199
1,161
1,044
390
267
58939
16019
736
2992
12291
6931
515
339
421
598
981
1 186
1,182
1,055
387
267
58801
15900
715
2882
12303
6949
522
337
421
595
983
1 179
1,187
1,073
385
267
58889
15881
707
2851
12323
6961
529
342
423
601
982
1 171
1,193
1,066
384
270
59150
16016
701
2880
12435
7035
540
349
429
608
987
1 175
1,204
1,085
384
274
59462
16183
699
2953
12531
7 115
550
354
434
615
996
1201
1,213
1,093
384
275
59871
16 349
710
3 024
12615
7 169
566
357
436
616
1,003
1204
1,226
1,103
382
276
60 182
16538
721
3061
12756
7 278
575
365
440
625
1,009
1227
1,242
1,134
382
279
59 751
16626
724
3099
12803
7329
584
364
446
629
1,023
1241
1,238
1,141
386
277
60607 '60 886 '61 150
16705 '16 926 '17 066
'742
'741
728
3 118 '3 142 3 174
12859 13043 13150
7378 '7 522 '7 600
'601
'597
588
'376
'371
365
'455
453
448
'663
'653
636
1,044 1,049
1,025
1247 1262 '1287
1,310
1,270 1,292
1,181
1,176
1,134
'395
'394
391
r
283
280
274
76
63
68
196
97
88
83
232
67
142
43
6.0
104
86
173
6.5
7.4
11.7
40
103
4.9
143
7.7
156
83
8.2
10.1
20.0
123
13.3
91,156
75 125
r
(*)
(»)
r
76 887
Seasonally Adjusted
Total employees, nonagricultural payrolls
Private sector (excl. government)
Nonmanufacturing industries
Goods-producing
Mining
Construction
do....
do....
do....
do....
do
do....
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturing
do....
do
do....
do
do....
do
do....
do....
do....
do....
do....
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, nee
do....
Leather and leather products
do....
Service-producing
do....
Transportation and public utilities
do....
Wholesale and retail trade
do....
Wholesale trade
do
Retail trade
do....
Finance insurance, and real estate
do....
Services
do
Government
do....
Federal
do....
State and local
do
Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted
thous..
Manufacturing
do
Seasonally Adjusted
Production or nonsupervisory workers on private
nonagricultural payrolls
thous..
Goods-producing
do
Mining
do....
Construction
do
Manufacturing
do....
Durable goods
do
Lumber and wood products
do....
Furniture and fixtures
do
Stone, clay, and glass products
do....
Primary metal industries
do
Fabricated metal products
do....
Machinery, except electrical
do....
.Electric and electronic equipment
do....
Transportation equipment
do....
Instruments and related products
do....
Miscellaneous manufacturing
do....
See footnotes at end of tables.
18871
11 081
703
459
585
849
1411
2,115
2,082
1,801
696
380
7,790
1,630
63
753
1,177
662
1290
1,060
195
742
218
66916
5,031
20,612
5 274
15338
5499
19913
15861
2778
13083
'91,087
'75,312
'56,248
'24 168
'1 044
'4060
'19 064
'11 235
'712
465
'590
'867
1430
2,131
2,107
1,848
699
386
'91,413
'75,628
'56,446
'24 322
'1044
'4096
'19 182
'11 326
'715
'470
'591
'876
'1438
'2,160
2,129
1,856
'702
389
P
91,644
P
75,849
P
56,578
P
24
434
p
l 053
P
7,829
1,628
64
'759
1,191
'665
1297
1,061
'193
'753
'218
'7,856
1,635
'61
759
1,200
'666
1301
1,061
'193
'762
'218
'67 091
'5,027
'20,705
'5289
'15 416
'5523
'20 051
'15 785
2771
'13 014
D
7,877
p
l,638
P
58
P
'66 919
'5,019
'20,666
'5 287
15*379
'5503
'19 956
'15 775
'2764
'13011
4 110
P
19 271
p
llP394
712
P
472
P
594
P
881
P
1448
D
2 169
"2,146
"1,873
P
705
P
394
761
"1,211
P
668
p
l 302
p
l,062
P
192
P
769
P
216
P
67
210
W
5,024
P
20,732
"5304
P
15 428
"5537
P
20 122
P
15 795
»2 771
"13 024
P
61 312
P
17P162
750
P
3 183
P
13
229
P
7P661
597
P
378
P
456
P
666
"1,058
»1 296
"1,326
"1,200
P
396
»>5>88
SURVEY OF CURRENT BUSINESS
January 1984
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1983
1982
1982
Annual
S-ll
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT—Continued
Seasonally Adjusted
Production or nonsupervisory workers—Continued
Nondurable goods
. ... . thous
Food and kindred products
do....
Tobacco manufactures
do....
Textile mill products
.
do....
Apparel and other textile products
do....
Paper and allied products
do....
Printing and publishing
do...
Chemicals and allied products
do....
Petroleum and coal products
do....
Rubber and plastics products, nee
do....
Leather and leather products
do....
Service-producing
do
Transportation and public utilities
do....
Wholesale and retail trade.
do
Wholesale trade
do....
Retail trade
do
Finance, insurance, and real estate
do....
Services
do....
AVERAGE HOURS PER WEEK
5,727
1,150
55
713
1,060
518
699
628
134
569
201
42,805
4,283
17,958
4,360
13,598
5,440
1,127
53
643
984
493
698
601
120
537
185
5,352
1,123
48
623
962
487
694
592
120
523
180
42,889
4,135
17,738
4,201
13,537
3,993
17,023
5,349
1,119
54
623
963
486
695
589
119
524
177
5,360
1,119
54
622
973
486
694
588
120
525
179
42,856
4,125
17,689
4,183
13,506
3,997
17,045
34.7
34.7
41.6
36.1
5,478
1,133
50
643
998
494
705
589
119
568
178
5,474
1,120
47
650
994
492
708
588
118
575
182
5,481
1,120
48
650
995
495
708
589
117
576
183
43,279
4,111
17,797
4,182
13,615
4,049
17,322
5,446
1,136
50
643
980
491
705
586
119
558
178
43,522
4,110
17,910
4,203
13,707
4,065
17,437
43,644
4,103
17,958
4,207
13,751
4,071
17,512
43,125
3,461
18,000
4,225
13,775
4,090
17,574
34.7
34.9
41.6
36.7
34.9
35.1
42.2
37.4
35.2
35.1
42.5
37.9
35.4
35.0
42.1
38.2
42,920
4,103
17,774
4,171
13,603
3,998
17,045
5,354
1,115
52
622
970
486
694
587
121
529
178
42,901
4,087
17,769
4,166
13,603
4,003
17,042
5,362
1,114
52
627
965
486
694
585
122
538
179
43,008
4,086
17,776
4,156
13,620
4,012
17,134
5,400
1,126
51
631
972
488
699
587
122
546
178
43,134
4,106
17,754
4,165
13,589
4,037
17,237
35.0
34.8
422
36.8
34.6
35.1
42.5
36.9
34.2
34.5
41.3
35.4
34.7
34.8
41.8
36.4
5,416
1,126
51
634
976
491
701
585
120
554
178
r
P
5,521
1,120
49
655
r
l,009
r
498
'714
591
116
586
183
'5,550
'1,127
46
657
'1,017
'500
'719
'593
115
'593
'183
43,902
4,143
18,018
4,250
13,768
4,095
17,646
'43,960
'4,135
'18,052
'4,256
'13,796
r
4,099
'17,674
'44,084
'4,134
'18,082
'4,257
'13,825
'4,114
'17,754
"44,150
"4,132
"18,079
"4,266
"13,813
"4,129
"17,810
35.4
35.0
42.7
38.0
35.3
35.2
43.1
37.9
35.3
35.3
43.2
'37.3
'35.1
35.2
'42.9
'36.2
"35.5
"35,2
"43.2
"37.0
5,568
"1,129
"43
"660
"1,025
"503
"717
"595
"115
"600
"181
16,565
42,940
4,194
17,827
4,268
13,559
3,994
16,926
35.2
34.8
43.7
36.9
42.6
36.7
39.8
38.9
2.8
2.3
39.3
39.0
2.3
39.7
39.0
2.3
39.2
39.7
2.4
38.8
39.2
2.4
39.6
39.5
2.6
39.8
40.1
2.9
39.9
40.0
2.7
40.3
40.1
2.9
40.0
40.2
3.0
40.2
40.3
3.1
40.8
: 40.8
3.3
40.7
40.6
'3.3
40.8
'40.6
3.3
"41.2
"40.5
"3.4
40.2
2.8
38.7
38.4
40.6
40.5
40.3
40.9
40.0
40.9
40.4
38.8
39.3
2.2
38.0
37.2
40.0
38.6
39.2
39.7
39.3
40.5
39.8
38.5
39.3
2.1
38.7
37.6
40.2
38.3
39.2
39.3
39.3
40.9
39.4
39.1
39.3
2.2
38.8
37.8
40.1
38.8
39.2
39.3
39.4
40.1
39.7
39.0
40.1
2.2
40.5
38.6
41.4
38.9
39.9
39.6
39.9
41.6
40.4
38.7
39.7
2.3
39.5
37.9
40.5
39.1
39.6
39.4
39.5
41.2
39.7
37.7
39.9
2.5
39.5
38.3
40.6
39.4
39.7
39.7
39.8
41.7
40.0
39.0
40.5
2.8
40.0
39.3
41.0
39.9
40.5
40:2
40.4
42.3
40.5
39.0
40.4
2.6
39.8
39.2
41.2
40.3
40.4
40.0
40.3
41.6
40.4
38.8
40.6
2.8
40.0
39.6
41.6
40.3
40.5
40.4
40.5
41.9
40.1
38.9
40.8
3.0
39.9
39.7
41.7
40.8
40.7
40.7
40.8
42.0
40.7
38.8
40.8
3.1
40.2
39.7
41.7
40.9
40.9
40.7
40.7
41.8
40.4
39.1
141.5
3.4
40.5
'40.0
42.1
,'• 41.2
41.2
41.1
43.5
41.0
39.5
41.2
3.4
40.3
'39.8
41.7
41.7
41.2
'41.3
'41.1
'42.5
'40.7
39.8
'41.2
3.4
'39.8
'39.8
'41.7
'41.6
41.4
'41.4
'41.1
'42.4
'40.5
39.7
"41.1
"3.6
"39.9
"40.5
"41.8
"41.2
"41.3
"41.1
"41.0
"41.8
"40.9
"40.3
39.1
2.8
39.7
38.8
39.6
35.7
38.4
2.5
39.4
37.8
37.5
34.7
38.6
2.5
39.4
38.0
38.8
35.0
38.6
2.5
39.1
37.9
38.9
35.1
39.1
2.6
39.3
36.5
39.7
36.6
38.5
2.6
39.0
34.1
39.0
35.2
39.0
2.7
39.2
36.3
39.6
35.6
39.5
3.0
39.6
37.3
40.6
36.2
39.4
2.9
39.4
37.4
40.4
36.1
39.6
3.0
39.8
38.5
40.7
36.1
39.5
3.0
39.4
36.8
40.7
35.8
39.5
3.1
39.6
37.7
40.9
36.2
39.9
3.1
i 39.9
38.4
41.3
36.8
39.7
'3.1
39.7
'38.3
'40.7
36.5
39.7
'3.1
'39.6
'39.0
'40.7
'36.4
"39.7
"3.2
"39.4
"36.3
"41.0
"36.5
42.5
37.3
41.6
43.2
40.3
36.7
41.8
37.1
40.9
43.9
39.6
35.6
41.7
37.1
40.7
44.1
39.6
35.8
41.7
37.1
40.9
44.4
40.4
35.8
41.8
37.5
41.0
44.5
40.1
36.3
41.4
37.1
41.0
44.4
39.7
34.9
42.1
37.4
41.2
44.9
40.6
36.0
42.4
37.7
41.5
43.5
41.1
37.0
42.7
37.4
41.6
43.6
41.1
36.8
42.8
37.6
41.9
43.8
41.3
36.8
42.9
37.7
41.8
43.7
40.9
37.4
42.9
37.5
41.6
43.5
41.2
37.2
43.3
37.8
41.7
i 43.2
41.9
I 37.7
'43.2
38.0
41.7
43.5
'41.9
37.5
'43.0
38.0
'41.9
'43.7
'42.0
'37.1
"43.0
"37.7
"42.0
"45.6
"42.5
"37.2
39.4
32.2
38.5
30.1
36.3
32.6
39.0
31.9
38.4
29.9
36.2
32.6
38.9
31.8
38.4
29.8
36.2
32.6
38.9
32.1
38.4
30.1
36.3
32.6
38.6
31.9
38.5
29.9
36.5
32.9
38.6
31.4
38.2
29.3
36.1
32.5
38.8
31.7
38.4
29.7
36.0
32.7
38.8
31.7
38.5
29.6
36.1
32.7
38.9
31.9
38.6
29.9
36.3
32.9
38.9
32.0
38.7
29.9
36.1
32.7
38.9
31.9
38.6
29.8
36.3
32.6
39.3
31.8
38.5
29.7
36.1
32.7
39.4
31.8
38.7
29.7
36.0
32.8
'39.4
32.1
'38.7
'30.0
'36.3
32.9
39.2
'32.0
38.7
30.0
'36.0
'32.7
"39.6
"32.1
"38.7
"30.0
"36.0
"32.7
169.92
139.00
2.58
8.01
41.64
10.57
34.54
10.01
31.65
30.91
165.95
135.33
2.49
7.47
38.33
10.28
34.32
10.09
32.35
30.62
163.24
133.08
2.30
7.30
36.91
10.18
33.70
10.08
32.61
30.17
164.01
133.13
2.28
7.24
36.76
10.16
33.84
10.13
32.72
30.88
165.80
134.77
2.30
7.98
37.26
9.93
34.22
10.20
32.89
31.03
163.89
132.87
2.17
7.30
37.09
9.89
33.59
10.10
32.74
31.02
164.40
133.56
2.20
7.12
37.43
10.02
33.66
10.10
33.04
30.84
166.20
134.69
2.18
7.26
38.03
10.09
33.70
10.18
33.25
31.41
166.94
135.95
2.21
7.47
38.27
10.11
34.07
10.29
33.52
30.99
167.40
136.77
2.22
7.63
38.65
10.14
34.26
10.28
33.60
30.60
168.08
137.44
2.23
7.72
39.00
10.14
34.35
10.31
33.65
30.64
167.34
130.46
2.26
7.81
39.15
8.88
34.31
10.30
33.75
30.88
108.1
101.1
137.0
109.1
97.9
98.0
97.6
111.9
105.5
106.3
111.7
104.2
117.2
119.6
104.4
91.0
132.2
100.0
87.3
84.8
90.9
111.8
102.3
104.8
108.9
103.2
116.9
122.1
102.5
86.8
117.5
97.2
83.3
79.0
89.7
111.3
100.7
103.5
107.2
102.1
116.8
122.8
102.6
86.5
116.5
96.5
83.1
78.8
89.5
111.5
100.5
104.0
106.7
103.0
117.2
122.9
104.1
89.8
118.4
106.2
85.5
81.4
91.7
112.0
99.0
104.3
106.8
103.4
117.8
124.1
102.2
87.2
111.6
94.7
84.1
80.4
89.6
110.5
98.6
102.1
105.5
100.8
116.4
122.5
103.1
87.8
110.7
94.3
85.4
81.6
91.0
111.6
99.1
103.9
106.1
103.0
116.4
123.9
104.0:
89.6
109.5
105.0
90.5
110.3
99.6
87.8
84.3
92.9
113.0
99.9
104.7
107.3
103.7
119.1
126.1
105.7
91.8
112.5
102.0
88.8
85.4
93.9
113.3
99.9
105.4
108.1
104.4
118.9
126.1
106.1
93.0
114.0
103.5
90.0
87.2
94.2
113.4
99.7
105.3
107.9
104.3
119.1
126.3
105.3
93.5
115.0
104.5
90.4
87.8
94.2
111.8
85.0
105.3
108.1
104.2
119.0
127.1
q QQQ
U,i7&<7
Seasonally Adjusted
Avg. weekly hours per worker on private nonagric.
payrolls: 0 Not seasonally adjusted
hours..
Seasonally adjusted
do...,
Mining $ ...
do...,
Construction $
do
Manufacturing:
Not seasonally adjusted
do...,
Seasonally adjusted
do.. .
Overtime hours
do
Durable goods
.
do
Overtime hours
do.. .
Lumber and wood products
do....
Furniture and fixtures
do....
Stone, clay, and glass products
do....
Primary metal industries
do....
Fabricated metal products
do.. .
Machinery, except electrical
do....
Electric and electronic equipment
do....
Transportation equipment
do
Instruments and related products
do....
Miscellaneous manufacturing $
do....
Nondurable goods
do....
Overtime hours
do
Food and kindred products
do....
Tobacco manufactures t
do....
Textile mill products
do....
Apparel and other textile products
do....
Paper and allied products
do....
Printing and publishing
do....
Chemicals and allied products
do....
Petroleum and coal products
do....
Rubber and plastics products, nee $
do....
Leather and leather products
do....
Transportation and public utilities
do....
Wholesale and retail trade
doWholesale trade
do
Retail trade
do..
Finance, insurance, and real estate $
do....
Services
do....
AGGREGATE EMPLOYEE-HOURS
Seasonally Adjusted
Employee-hours, wage & salary workers in nonagric. establish, for 1 week in the month,
seas adj at annual rate
bil hours
Total private sector
do....
Mining
;.... do. .
Construction
do
Manufacturing
do....
Transportation and public utilities
. .. do.
Wholesale and retail trade
do
Finance, insurance, and real estate
do....
Services
do....
Government .
do
Indexes of employee-hours (aggregate weekly): 0
Private nonagric. payrolls, total
1977—100..
Goods-producing
do
Mining
do.
Construction
do
Manufacturing
do .
Durable goods
do....
Nondurable goods
do
Service-producing
...
do
Transportation and public utilities
do....
Wholesale and retail trade
do....
Wholesale trade
1
do.
Retail trade
do....
Finance, insurance, and real estate
do....
Services
do....
See footnotes at end of tables.
96.3;
87.4
83.7
92.8
111.9
99.6
103.6
106.6
102.4
117.8
124.7
41:6
'170.44 '169.64 "171.10
170:28
138!190 '139.38 '139.39 "139.74
2.33
2.30
'2.32
"2.34
'7.73
7:84
'7.80
"7.84
39.62 '39.76 '39.90 "39.91
i 10,31 '10.33 '10.26 "10.38
34.41 '34.65 '34.58 "34.62
10.41
10.38
'10.33 "10.37
34.04 '34.18 '34.20 "34.28
'31.05 '30.27 "31.35
31.38
107.5
95.1
117.0
106.0
92.0
89.8
i 95.3
114:4
1102.0
1105.6
i 109.3
i 104.1
119.5
128.0
'108.1
'95.6
'118.5
'103.9
'92.9
'91.1
95.6
'N115.1
'101.8
'106.5
'109.5
'105.4
'120.2
'128.6
'108.3
'96.3
'118.1
'105.0
'93.6
'91.9
'96.0
'114.9
'101.3
'106.7
'109.5
'105.6
'119.7
'128.4
"108.7
"96.9
"118.9
"106.7
"94.0
"92.4
"96.4
"115.3
"102.2
"106.7
"109.7
"105.5
"120.1
"128.8
S-12
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
January 1984
1982
Nov.
Annual
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS
Average hourly earnings per worker: 0
Not seasonally adjusted:
Private nonagric. payrolls
dollarsMining
.
... .
do
Construction
do....
Manufacturing
do
Excluding overtime
do....
Durable goods
do
Excluding overtime
do....
Lumber and wood products
do....
Furniture and
fixtures
do....
Stone, clay, and glass products
do....
Primary metal industries
do....
Fabricated metal products .
do
Machinery, except electrical
do....
Electric and electronic equipment .... do....
Transportation equipment
do....
Instruments and related products
do....
Miscellaneous manufacturing
do....
Nondurable goods
do....
Excluding overtime
do
Food and kindred products
do....
Tobacco manufactures
do....
Textile mill products
do
Apparel and other textile products .. do....
Paper and allied products
do....
Printing and publishing
do....
Chemicals and allied products
do
Petroleum and coal products
do....
Rubber and plastics products, nee .... do....
Leather and leather products
do....
Transportation and public utilities
do....
Wholesale and retail trade
do....
Wholesale trade
do
Retail trade
do.. <
Finance, insurance, and real estate
do....
Services
do
Seasonally adjusted:
Private nonagricultural payrolls
Mining
Construction
Manufacturing
Transportation and public utilities
Wholesale and retail trade
Finance, insurance, and real estate
Services
dollars
do
do
do
do....
do
do....
do
Indexes of avg. hourly earnings, seas, adj.: 0
Private nonfarm economy:
Current dollars
1977=100..
1977 dollars $
do
Mining ... .
do
Construction
do....
Manufacturing
, --.
do
Transportation and public utilities
do....
Wholesale and retail trade
do
Finance, insurance, and real estate
do....
Services
.. .
do
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §
Common labor
$ per hr..
Skilled labor
do....
Farm (U.S.) wage rates, hired workers, by
method of pay:
All workers, including piece-rate
$ per hr..
All workers, other than piece-rate
•
do ...
Workers receiving cash wages only
do
Workers paid per hour cash wages only
do
Railroad wages (average, class I)
do....
Avg. weekly earnings per worker,
private nonfarm: 0
Current dollars, seasonally adjusted
. .-,
1977 dollars seasonally adjusted $
Spendable earnings (workerVith 3 dependents):
Current dollars, seasonally adjusted
1977 dollars, seasonally adjusted $
Current dollars, not seasonally adjusted:
Private nonfarm, total
dollars..
Mining
do
Construction
do
Manufacturing
do
Durable goods
do....
Nondurable goods
do....
Transportation and public utilities
do....
Wholesale and retail trade
do....
Wholesale trade
do....
Retail trade
do
Finance, insurance, and real estate
do....
Services
do .
7.25
1004
10.82
799
7.72
854
8.25
6.99
5.91
8.27
10.81
819
8.81
7.62
10.39
7.42
5.97
7.67
1078
11.62
850
8.25
906
8.81
7.46
6.31
8.86
11.33
878
9.29
8.21
11.12
8.10
6.43
7.81
1101
11.72
861
8.36
917
8.92
7.59
6.43
9.04
11.49
890
9.38
8.45
11.34
8.31
6.56
7.82
1103
11.96
868
8.42
924
8.97
7.55
6.46
9.08
11.49
896
9.43
8.51
11.43
8.38
6.67
7.90
1121
11.95
871
8.46
926
9.02
7.68
6.49
9.10
11.56
898
9.40
8.53
11.40
8.42
6.72
7.92
1125
12.00
875
8.50
931
9.06
7.72
6.50
9.10
11.53
904
9.44
8.56
11.49
8.48
6.73
7.90
11 19
1195
874
8.47
929
9.02
7.68
6.51
9.13
11.24
905
9.46
8.60
11.49
8.47
6.75
7.94
1128
1190
877
8.48
931
9.02
7.74
6.51
9.16
11.25
907
9.48
8.60
11.53
8.46
6.76
7.97
1120
1180
878
8.49
9 34
9.04
7.78
6.52
9.20
11.28
908
9.59
8.60
11.52
8.48
6.82
7.97
1125
1174
881
8.49
937
9.04
7.85
6.60
9.28
11.23
9 11
9.63
8.63
11.63
8.48
6.81
8.00
1129
11.78
886
8.54
940
9.08
7.82
6.65
9.34
11.37
910
9.65
8.69
11.62
8.57
6.82
7.94
1128
11.84
879
8.46
934
9.00
7.83
6.67
9.31
11.28
912
9.61
8.64
11.53
8.53
6.81
8.11
1135
12.03
890
8.53
948
'9.09
7.88
r
6.74
9.43
11.33
921
9.71
8.75
11.80
8.61
6.85
8.15
1135
12.04
r
892
r
8.56
949
'9.11
'7.87
r
6.71
r
9.39
11.28
r
922
r
9.74
8.73
11.88
r
8.60
6.85
'8.15
'1142
11.88
'898
'8.62
'955
'9.16
'7.79
'6.73
'9.40
11.35
9.26
9.81
8.77
12.00
'8.61
'6.86
7.18
694
7.44
8.88
552
4.97
8.60
9 12
11.38 ,
7.17
4.99
9.70
5.92
756
525
6.31
641
7.73
749
7.89
9.78
583
5.20
9.32
8.75
996
12.46
7.65
5.32
10.30
6.21
802
547
6.78
690
7.88
762
8.00
10.16
592
5.24
9.60
8.92
1026
12.68
7.81
5.41
10.59
6.30
814
5.56
7.00
708
7.95
769
8.06
9.63
604
5.28
9.65
9.00
1032
12.71
7.91
5.44
10.62
6.27
820
5.54
7.01
7 12
7.97
772
8.09
9.87
608
5.33
9.65
8.97
1034
13.16
7.91
5.50
10.68
6.42
831
565
7.19
7 18
7.99
775
8.11
9.96
6 10
5.33
9.65
8.99
1041
13.25
7.91
5.50
10.72
6.45
828
569
7.22
7 19
8.00
774
8.16
10.43
6 11
5.33
9.67
9.03
1039
13.28
7.92
5.52
10.68
6.43
827
568
7.19
7 17
803
775
8.20
10.61
6 14
5.35
9.72
9.03
1043
13.27
7.95
5.52
10.72
6.45
834
569
7.23
720
803
775
8.18
10.74
614
5.33
9.81
9.05
1050
13.17
7.97
5.51
10.74
6.46
836
571
7.31
723
804
775
8.17
10.91
6 16
5.36
9.91
9.06
1052
13.17
7.96
5.49
10.73
6.46
835
571
7.26
720
8.11
781
8.17
10.84
6 17
5.35
10.06
9.10
1058
13.20
8.06
5.52
10.86
6.48
842
572
7.30
7 18
8.11
8.05
773
•777
8.14
8.12
10.24 • 9.90
6 19
623
5.35
5.39
10.11
10.02
9.25
9.14
1061
1069
13.36
13.16
8.08
8.03
5.56
5.50
10.90
10.68
6.54
6.47
841
848
577
571
7.25
7.33
7 18
731
8.11
779
8.13
r
9.67
624
r
5.43
10.10
r
9.24
1078
13.36
8.12
5.55
10.93
6.57
r
854
578
'7.45
739
8.17
'785
'8.22
10.57
'6.26
'5.45
10.19
'9.27
1085
13.47
'8.08
'5.56
11.01
6.58
853
'5.81
7.39
'740
725
1004
1082
799
9.70
592
6.31
641
767
1078
1162
850
10.30
621
6.78
690
778
C)
1172
861
10.51
632
788
(»)
11 86
868
10.66
635
(')
7 11
791
o
11 85
c 7) 14
C1)
715
1202
878
10.76
643
(*)
719
797
(i) .
11 86
879
10.82
645
(')
724
800
1200
876
10.70
1639
791
(»)
1200
875
10.77
640
795
(l)
704
782
(*)
11 88
863
10.58
633
(')
709
798
(i)
1183
884
10.64
652
(*)
726
808
(»)
1196
887
10.82
654
r
813
(»)
1192
r
894
10.90
659
C)
726
803
(*)
11 82
885
10.88
651
(')
726
C)
732
C)
738
'813
(i)
'1188
'899
10.92
659
(l)
'736
138.9
926
1482
132.0
141.9
139.4
1380
138.1
1373
148.3
933
159.0
141.1
152.5
148.6
1450
148.3
1476
151.1
934
1629
141.9
1553
152.2
1475
152.6
1507
151.9
94 1
1630
144.0
1558
153.1
1481
153.0
1520
152.7
947
1647
144.0
1565
154.4
1489
156.7
1522
153.4
953
165.1
145.6
157.3
155.2
1493
157.4
1524
153.4
950
1640
145.5
1571
155.9
1496
156.6
1526
154.0
948
1657
145.9
1570
155.9
1505
157.4
1540
154.6
947
1650
144.5
1577
156.6
1512
159.0
1549
154.8
948
1664
144.6
1578
156.8
1516
158.2
1555
155.2
946
1676
144.0
1582
157.9
1521
159.1
1556
155.0
940
1673
144.1
1581
155.4
1523
158.2
1559
155.9
942
1683
145.5
1583
157.2
153 1
159.8
1571
156.8
944
1687
145.1
1589
158.4
154 1
162.1
1584
156.8
'943
'1698
144.4
'1596
158.8
'154 1
'161.1
1579
157.6
P
946
"1700
P
1454
P
1600
P
1598
P
1546
P
1618
P
1591
12.92
16.78
1428
18.56
14.69
19.10
1477
19.26
1486
19.34
1492
19.46
1492
19.46
1492
19.46
1492
19.49
1524
19.85
1535
20.05
1544
20.24
1553
20.37
1553
20.37
1556
20.43
1549
20.40
10.64
11.51
12.07
1217
1253
12.79
12.48
1267
1268
1263
1309
1289
1313
1299
255.20
J70 13
266 92
16787
269.97
16696
27214
16861
27659
17148
272.90
16961
27527
17045
27746
17085
27975
17142
28080
17185
28105
17137
27930
16948
28442 '286 99 '286 18 PP287 58
17185 172 78 '171 98 172 62
220.57
147.05
(22)
()
255.20
43875
39926
318.00
343.31
280.74
382.18
190.62
291.06
15803
229.05
20897
266.92
459.23
42645
330.65
356.06
296.83
401.70
198.10
307.97
16355
245.44
224.94
271.01
458.02
42309
338.37
363.13
305.74
413.01
199.71
313.39
16458
253.40
230.10
273.70
46547
440 13
344.60
371.45
310.85
416.30
203.15
317.34
16897
254.46
232.11
273.34
47643
44096
34143
367.62
307.64
409.04
201.59
318.27
16498
262.44
23479
270.86
46463
42480
33950
366.81
305.22
411.65
199.31
313.81
16330
260.64
232.96
274.13
46774
43498
34610
37253
311.20
413.32
201.90
316.74
16642
258.84
23374
275.52
46925
43673
34905
375.19
313.97
413.79
203.18
319.42
16729
261.00
23472
278.15
47264
441 32
35032
377.34
315.58
415.64
205.43
321.86
16959
265.35
23642
280.54
47813
44495
35504
38230
319.19
419.54
207.37
323.15
17187
262.09
23688
28320
47531
45000
35440
37976
319.53
425.71
210.60
326.70
17503
264.99
23766
281.08
48166
44992
35336
380 14
319.59
421.86
209.63
325.47
174 16
261.73
23766
286.28
48919
45594
36312
39247
325.21
429.46
209.28
328.18
17252
263.88
23904
119
86
78
83
83
83
83
81
87
92
100
97
8:19
(!)
C)
882
10.83
649
r
See footnotes at end of tables.
1967-100..
r
98
905
"8.66
P
962
"9.20
"7.78
P
6.82
P
9.44
P
11.36
P
935
P
9.90
P
8.85
p
12.09
P
8.75
P
6.92
P
8.22
P
789
P
8.25
"10.41
P
630
P
5.48
P
10.17
P
9.32
P
1083
P
13.72
P
8.17
P
5.58
P
11.04
P
6.55
P
857
P
578
P
7.42
P
743
P
8 17
C)
ll 94
P
900
P
11.00
P
661
C)
P
740
p
P
287.70 '286.07 P289 68
'489 92 P493 34
'430 06 P444 74
'366 38 P372 86
'39633 P403 08
326.80 P330.44
'432.69 "440.50
209.90 PP212.22
330.96 334.23
'173 14 P175 71
'266.04 "267.12
'241 24 "24296
r
490 32
r
449 09
'363 04
'391 94
323.59
'430.64
210.24
'331.35
'172 82
'270.44
24239
HELP-WANTED ADVERTISING
Seasonally adjusted index
"8.16
P
1142
P
1202
P
111
114
S-13
SURVEY OF CURRENT BUSINESS
January 1984
1981
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1983
1982
1982
Annual
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WORK STOPPAGES
Work stoppages involving 1,000 or more workers:
Number of stoppages:
Beginning in month or year
number..
Workers involved in stoppages:
Beginning in month or year
thous
Days idle during month or year
do....
96
1
0
1
5
4
2
11
13
10
7
7
10
3
0
656
9,061
2
805
o
764
2
795
14
844
9
1,127
3
790
24
494
57
676
50
1,198
676
10,656
22
575
63
1,152
22
6,050
512
3410
4590
4635
5074
5459
5437
5 134
4642
3947
3481
3,275
2,917
2580
2,478
23 939
3048
30298
4057
2661
4156
3080
4581
3 143
4923
2065
4 759
2075
4 401
1874
3906
1666
3361
1740
3063
1,804
3049
1668
2766
1381
2449
1,519
2358
56
55
50
45
45
45
4 246
4358
4228
22056 20524 23678
45
44
3568
18175
145
729
16,908
o
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
weekly #@
thous..
State programs (excl. extended duration prov.):
Initial claims
..
..
..
thous
Insured unemployment avg weekly
do
Percent of covered employment: @@
Unadjusted
Seasonally adjusted
Beneficiaries average weekly
thous
Benefits paid @
mil. $..
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. $..
2
35
2
2
2614
13,262 1
46
3558
20 651 8
2
47
52
53
5.0
3448
3877
18200 2 1380
28
32
27
39
35
35
38
3.4
3.3
41
36
35
2609 i 2 457
2 133 p P2020
2985
2913
15879 15374 12982 1 337 4 1 1044 l 010.8
2,620
P
1612
2508
29
3.3
2 105
1 094.2
32
32
31
33
35
33
31
26
22
21
23
22
22
25
27
193
41
41
2
2807
136
11
9
835
17
14
8
40
24
26
20
112
21
37
32
168
16
37
36
180
18
34
34
196
15
^30
28
148
14
26
24
13 1
16
25
24
136
16
25
22
121
19
26
23
139
17
27
24
135
16
28
r
25
r
!39
15
28
26
15.1
184
40
210.8
246
62
338.7
17
78
35.1
17
81
39.5
20
95
44.5
7
76
33.1
8
68
36.2
9
79
24.8
4
74
29.4
31
47
15.0
55
48
17.6
14
43
21.8
9
41
20.2
7
43
19.5
8
42
19.5
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil $
Commercial and financial co paper, total ... do
Financial companies
do
Dealer placed
....
.
do
Directly placed
do
Nonfinancial companies
.. do ..
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
mil. $..
Farm mortgage loans:
Federal land banks
do....
Loans to cooperatives ....
.. do....
Other loans and discounts
do....
Federal Reserve banks, condition, end of period:
Assets, total #
....
mil $..
Reserve bank credit outstanding, total # .. do....
Time loans
do....
U.S. Government securities
do....
Gold certificate account
do....
Liabilities total #
do
Deposits total .
do
Member-bank reserve balances
do....
Federal Reserve notes in circulation
do....
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held total
mil $
Required
do .
Excess
do
Borrowings from Federal Reserve banks
do....
Free reserves
do....
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits:
Demand, adjusted §
mil. $..
Demand total #
do
Individuals, partnerships, and corp
do....
State and local governments
do....
U S Government
do
Domestic commercial banks
do....
Time total #
.
do
Individuals, partnerships, and corp.:
Savings
do
Other time
do . .
Loans (adjusted), total §
Commercial and industrial
For purchasing or carrying securities
To nonbank financial institutions
Real estate loans
Other loans
.
Investments total
U.S. Government securities, total
Investment account
.
Other securities
See footnotes at end of tables.
69226
161 114
111 908
30357
81 551
49206
77 125
166 941
115 650
36147
83 974 79 503
43690 51291
79 543
3
162 330
3
118 640
3
34 666
3
77529 73706 70843 70389 68 797 70907 72 710 75 177 74 769
167 304 169 142 166 534 169 892 169 870 171 642 172674 172 407 176*125 177 150 182 475
120 626 122 230 121 034 123 819 125 552 127 318 128 520 129 375 130 280 132 128 137 297
36755 38363 36*529 36984 38205 38645 37927 39 136 39 247 39 134 42 124
83 974 83871 83867 84505 86835 87 347 88673 90593 90 239 91 033 92994 95 173
43690 46678 46912 45500 46073 44318 44324 44154 43 032 45845 45 022 45 178
79 543
3
162 330
3
118 640
3
34 666
3
80769
:
!' •
51 105 51 130
9263 i 9460
20 737 '20180
80,541
198 571
176 778
190 128 187 494 190 128 176 424 183 117 182 445 189 421 185 Oil 189 579 189 478 193 405 208 034 190 067 195 267
153,769 149,394 153,769 142,656 142,975 148,860 151,134 152,198 155,649 155,314 160,242 167,398 155,964 160,043
387 ! 1,059
717
3633 ; 1,625
3610
717
1,113
1260
848
1 155
354
374
2808
139,312 137,676 139,312 132,368 135,561 136,651 141,550 141,180 141,673 144,255 146,489 155,423 146,096 |149,439
11,148 11 148 11 148 11 144 11 139 11 138 11 135 11 132 11 131 11,131 11 128 11 128 11,126 11,123
190 128 187 494 190 128 176 424 183 117 182 445 189 421 185 Oil 189 579 189 478 193 405 208 034 190 067 195 267
30816
25,228
131,906
34334 29884 34334 26275 29 160 28 100 32321 26054 27508 27 781 30 608 44593 26112 25443 26123
26,489 26533 26489 22683 22468 23*419 23 193 20567 18004 23046 25 702 20697 20,227 21,581 21,446
141,990 139,989 141,990 137,667 139,060 141,497 142,497 145,783 147,549 147,094 148,241 148,172 149,676 153,800 157,097
Ml 918
Ml 606
'312
'642
l
-277
Ml 853
Ml 353
1500
X
697
x
-164
39 797
39362
435
557
-83
38039
37*602
437
852
-362
38650
38 174
476
993
-435
108,595
187 518
140^376
5,235
2 148
21,896
362 502
109,585 107,467 109,585 103,892 105,018
189 652 190 848 189 652 173 523 182 699
139,364 143,159 139,364 131,271 136,570
5,722
5,238
5,487
5,487
5,533
1 767 1 064 1 767 1 213 2580
23,613 23,374 23,613 19,964 20,'790
406 773 400 640 406 773 416 773 415 929
103,300
173 389
130,202
4,439
2095
18,*668
415 145
102,186
170 795
129,353
4,863
3477
17,587
409 948
76971
250 511
110 640 85764 110 640 147 742 159 156 164 469 166 832 174817 173 545
258 127 276 282 258 127 233 046 221 957 216 971 211 054 207 808 212 468
505,603 503,395 505,603 507,196 507,802 503,066 499,741 505,058 506,066
216,860 216,892 216,860 218,565 218,288 216,608 214,650 214,426 213,330
9,758 11,151 10,811 10,010 12,084 12,764
11,223 11,627 11,223
26,926 27,017 26,926 26,361 26,561 26,581 25,301 26,005 25,383
132 336 131 954 132 336 133 935 134 163 134 568 134 009 134 358 134860
155 314 152 179 155 314 155 643 157 475 147 288 151 140 159 109 155*512
125 863 122 219 125 863 131,837 131 316 129 975 135 147 137 979 136 946
44,586 44,152 44,586 48,816 49,391 49,098 50,996 54,352 53,742
36730 34740 36730 38 677 < 40047 40 587 41 118 43885 43 425
81.277 78.067 81.277 83.021 81.925 80.877 84.151 83.627 83.204
78206
80408
80766
80408
80202
80356
80856
81022
81024
81 165
81397
81601
46463
9124
22,619
50375
8423
21609
50292
8477
21998
50375
8423
r
21 610
50364
8882
20955
50429
9102
20825
50569
9341
20946
50687
9*259
21076
50 778
8967
21279
50884
8630
21*652
50946
8659
21792
51006
8974
21*621
176 778
143,906
1,601
130,954
11,151
do....
do.,..
do....
do....
do
do....
470,988
195,499
10,756
26,729
124 444
146 367
do....
do:...
do....
do....
116 905
36,819
30872
80.086
41 199
40797
402
579
-130
41 853
41353
500
697
164
41 862
41316
546
500
79
38282
37833
449
902
-355
38 415
37935
480
1,714
-1 113
38947
38 440
507
1,382
703
38660
38214
446
1,573
929
\
81 177
51 095
8707
21*375
37916
37 418
*498
1,441
752
105,580 104,052 105,843 105,977 103,543
201 731 180 687 179 459 177 392 167 689
150,310 134*190 134,522 134,792 128,721
5,510
4,693
4,932
5,482
5,309
2031
1 134
1610
3221
995
25,867 20,667 20*.103 20,049 17,960
411 392 414 174 415 834 419 022 417 907
81 106
38 137
37632
505
837
190
r
38 144
r
37r615
529
'912
r
-264
51078
9319
20143
163,694
918
151,942
11 121
198 571
38 725
38327
398
748
-254
107,485 109,936 112,522
178 290 185 434 193 666
136,481 141,352 147,675
5,120
5,522
5,758
1 938 2 069
1 154
19,740 20,125 21*,585
422 720 426 841 429 870
175 021 172 771 172 470 173 299 174 191 174 873
214 414 218*694 218 041 222 971 225 627 227 377
508,984
215,445
11,940
: 25,687
135 703
160*976
135 743!
i 51,445ii
416121
84.298
510,467
214,063
12,603
25,241
137 078
159 524
135 821
51,400
43016
84.421
510,582
213,350
11,496
; 25,512
138 140
158*118
136 281
52*,103
43807
84.178
521,573
216,818
13,172
25,236
139432
168064
140 391
56*,307
47193
84.084
523,537
1217,453
,i 14,401
24,470
'139902
168 787
532,756
221,670
13,783
25,482
140 123
168 397
142386 142 576
58*,500 56,732
49 455 49046
83*886 85.844
SURVEY OF CURRENT BUSINESS
S-14
1981
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1982
Annual
January 1984
1982
1983
Dec.
Nov.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
BANKING— Continued
Commercial bank credit, seas, adj.:
Total loans and securities 0 ....
. bil $
U.S. Treasury securities
do....
Other securities
. ..
do
Total loans and leases 0
do
Money and interest rates:
Discount rate (N.Y.F.R. Bank) @®
percentFederal intermediate credit bank loans
do....
Home mortgage rates (conventional 1st
mortgages):
New home purchase (U S avg )
percent
Existing home purchase (U.S. avg.)
do
Open market rates, New York City:
Bankers' acceptances, 90 days
do....
Commercial paper, 6-month $
do....
Finance co. paper placed directly, 6-mo
do....
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent..
CONSUMER INSTALLMENT CREDIT
Total extended and liquidated:
Unadjusted:
Extended
..
mil $
Liquidated
do
Seasonally adjusted:
Extended total #
do
By major holder:
Commercial banks
do
Finance companies
do
Credit unions
do
Retailers
do
By major credit type:
Automobile ...
.. .
do
Revolving
do
Mobile home
do
Liquidated total $
do
By major holder:
Commercial banks
do
Finance companies
do
Credit unions
do
Retailers
do
By major credit type:
Revolving
do
Mobile home
do
Total outstanding, end of year or month #
do....
By major holder:
Commercial banks
do
Finance companies
do
Credit unions
do
Retailers
.... do
By major credit type:
Automobile
do
Revolving
.. ..
.. do
Mobile home
do
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
Receipts (net)
mil $
Outlays (net)
do....
Budget surplus or deficit (—)
do
Budget financing, total
do....
Borrowing from the public
do
Reduction in cash balances
do
Gross amount of debt outstanding
. • do
Held by the public
do
Budget receipts by source and outlays by agency:
Receipts (net) total
mil $
Individual income taxes (net)
do....
Corporation income taxes (net)
do....
Social insurance taxes and contributions
(net)
mil $
Other
.
do.. .
Outlays total #
.
do....
Agriculture Department
do....
Defense Department, military
do....
Health and Human Services
Department
. mil. $
Treasury Department
do....
National Aeronautics and Space Adm
do....
Veterans Administration
do....
GOLD AND SILVER:
Gold:
Monetary stock, U.S. (end of period)
mil. $..
Price at New York $$
dol per troy oz
Silver:
Price at New York t$
dol. per troy oz..
See footnotes at end of tables.
1,316.3
111.0
231.4
973.9
1,412.0
130.9
239.2
1,042.0
1,428.2 1,436.5 1,450.1 1,460.6
144.5
139.8
151.0
157.8
243.2
243.3
242.8
243.4
1,045.1 1,048.8 1,056.3 1,059.5
1,474.4 1,488.0
166.1
171.2
245.0
246.2
1,063.3 1,070.6
1,499.9 1,513.2 1,520.3 '1,532.9 1,548.6
174.4
176.9
182.3
172.9
186.2
247.1 '246.5
247.8
246.1
246.8
1,080.9 1,091.0 1,096.3 '1,104.1 1,115.6
2
2
11.02
13.56
9.35
12.48
8.73
12.14
8.50
11.58
8.50
11.11
8.50
10.83
8.50
10.51
8.50
10.20
8.50
10.14
8.50
10.22
8.50
10.30
8.50
10.42
8.50
10.55
8.50
10.61
2
14.13
2
2
14.49
2
13.26
13.74
13.09
13.44
13.00
13.04
12.62
12.88
12.97
12.61
12.02
12.42
12.21
12.36
11.90
12.21
12.02
12.18
12.01
12.25
12.08
12.38
11.80
12.19
11.82
'12.11
11.95
11.97
3
15.32
3
14.76
3
3
11.89
3
11.89
3
11.20
8.76
8.72
8.42
8.54
8.50
8.20
8.19
8.15
7.97
8.36
8.39
8.26
8.54
8.48
8.35
8.49
8.48
8.41
8.36
8.31
8.15
9.04
9.03
8.80
9.33
9.36
9.10
9.59
9.68
9.42
9.23
9.28
9.09
9.01
8.98
8.79
9.16
9.09
8.84
9.52
9.50
9.11
10.686
8.042
8.013
7.810
8.130
8.304
8.252
8.185
8.820
9.120
9.390
9.050
8.710
8.710
8.960
344,901
331,805
31,423
29,522
34,567
28,143
31,691
30,777
14,806
6,099
3,434
4,444
14,236
5,861
3,295
4,446
10,177
12,778
486
29,676
9,716
12,491
473
28,359
14,349
5,048
3,022
4,495
13,125
4,837
3,098
4,537
13.41
14.20
14.51
14.78
13.73
3
1,398.5 1,412.0
126.4
130.9
235.8
239.2
1,036.4 1,042.0
14.077
334,508
316,291
3
331,697
8,643
8,225
12,739 11,990
463
510
344,798 r337,927 '344,174 343,151 340,343 342,568 344,748 347,189 353,012 358,020 363,662 367,604 371,561 376,390
147,622
89,818
45,954
29,551
152,069 '149,206 r!51,445 150,906 150,257 151,319 152,408 153,471 156,603 159,666 163,313 165,971 168,352 170,823
94,322 93,462 94,322 95,080 93,859 94,817 94,675 95,364 96,349 97,319 97,708 97,274 97,370 97,522
47,253 46,832 47,253 46,946 46,757 47,081 47,505 47,838 48,652 49,139 50,121 51,123 51,767 52,578
30,202 27,639 30,202 28,859 27,734 27,472 27,455 27,541 27,804 27,900 28,067 28,319 28,713 29,668
125,331
62,819
18,373
130,227 r!28,854 r!29,603 129,482 129,055 130,959 131,976 133,640 136,183 138,689 141,677 142,477 143,621 144,663
67,184 62,362 67,184 65,562 63,372 63,091 63,521 63,459 64,899 65,856 66,913 67,904 68,921 70,742
18,988 19,049 18,988 19,291 19,374 19,379 19,400 19,448 19,647 19,750 19,882 20,087 20,256 20,366
'599,272
1
657,204
1
-57,932
'57,932
'79,329
1
-21,397
1
1,003,941
'794,434
'617,766 42,007 54,498 57,505 38,816 43,504 66,234 33,755 66,517 43,948 49,683 63,556 45,156 46,200 58,041
'728,424 66,166 72,436 67,087 64,152 69,540 69,542 63,040 63,116 65,360 67,160 61,610 70,225 67,792 74,702
3,401 -21,412 -17,477
1,946 -25,069 -21,591 -16,661
'-110,658 -24,158 -17,938 -9,582 -25,336 -26,036 -3,308 -29,285
756 23,623 22,270 16,572
4,447 30,476 -1,382 22,705 18,744
'127,989 24,845 18,103
9,916 25,341 27,296
8,946 15,501
6,419 17,919 31,303
2,681 18,497 25,719 11,877 20,522 15,442 11,732
'134,912 25,923 29,895
1,071
7,422 -4,007
3,497
1,766 11,979 -27,101 10,828 -1,778 -14,686 11,891 13,324
'-6,923 -1,078 -11,792
'1,146,987 1,166,569 1,201,898 1,205,899 1,220,132 1,249,312 1,252,706 1,296,125 1,324,318 1,331,595 1,353,072 1,381,886 1,389,236 1,393,816 1,415,343
'929,346 961,497 991,392 997,811 1,015,730 1,047,033 1,049,714 1,068,211 1,093,930 1,105,806 1,126,328 1,141,770 1,153,502 1,162,448 1,177,948
54,498
24,946
8,164
57,505
34,151
1,164
38,816
20,544
-274
43,504
15,658
4,373
66,234
35,040
4,796
33,755
6,384
-302
66,517
32,773
9,955
43,948
21,938
856
49,683
23,259
383
63,556
30,961
9,048
45,156
23,227
468
46,200
22,700
467
58,041
25,577
10,922
!4,904 15,779
'5,331 r5,611
66,166
72,436
r
5,375
7,499
16,461 17,615
17,071
5,119
67,087
5,836
15,901
13,797
4,748
64,152
3,847
16,199
17,939
5,533
69,540
3,084
18,453
21,481
4,918
69,542
4,626
17,115
22,330
5,344
63,040
2,503
16,888
17,903
5,886
63,116
2,787
17,908
15,316
5,838
65,360
2,429
16,936
20,089
5,952
67,160
1,644
18,133
17,240
6,308
61,610
2,637
17,508
15,706
5,753
70,225
4,445
16,949
16,780
6,253
67,792
2,755
17,445
16,120
5,422
74,702
3,988
18,925
r
22,197
9,248
468
834
22,220
9,512
494
2,061
23,405
8,014
672
2,286
24,167
8,113
487
3,354
22,234
9,679
603
878
22,862
13,944
571
1,900
22,724
8,969
583
2,021
23,570
10,014
601
2,254
22296
6,743
539
2,008
23,297
9,611
734
1,936
23,559
10,665
632
2,047
24,448
17,438
590
3,332
42,007
22,452
r
-679
'599,272 '617,766
'285,917 '298,111
'61,137 '49,207
1
182,720 '201,131
'69,499 '69,317
'657,204 '728,424
'26,030 '36,213
'156,035 '182,850
rl
226,989 '251,259
'92,633 '110,521
'5,421
'6,026
'22,904 '23,937
11,151
459.614
10.518
8.50
10.67
4
r
'23,444
22,820
r
8,990 '14,277
'633
524
'2,069 '3,204
11,148 11,148 11,148 11,144 11,139 11,138 11,135 11,132 11,131 11,131 11,128 11,128 11,126 11,123 11,121
376.010 414.993 445.431 479.893 490.408 419.696 432.188 437.555 412.841 423.053 416.248 411.455 393.208 382.245 387.140
7.947
9.892
10.586
12.396
13.964
10.619
11.694
12.976
11.749
12.088
12.096
11.915
9.841
8.837
9.121
SURVEY OF CURRENT BUSINESS
January 1984
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
1982
Annual
S-15
Nov.
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
MONETARY STATISTICS
Currency in circulation (end of period)
bil. $
156.2
1456
Money stock measures and components (averages
of daily figures):
Measures (not seasonally adjusted): $
Ml
.
.
bil $
4580
4300
M2
do
17166
18783
M3
. . . .
do
2061 3 22785
L (M3 plus other liquid assets)
do
2*491 3 27774
Components (not seasonally adjusted):
Currency
. . ..
do
1198
1284
Demand deposits
do
2403
2349
Other checkable deposits $t
do....
90.3
65.6
Overnight RP's and Eurodollars *
do....
41.1
33.0
Money market mutual funds
do....
172.4
109.8
Savings deposits
do
3503
3615
Small time deposits @
do
8590
7882
Large time deposits @
do
2871
326.4
Measures (seasonally adjusted): $
Ml
do
M2
do
M3
do
L (M3 plus other liquid assets)
do
Components (seasonally adjusted):
Currency
do
Demand deposits
do .
Savings deposits
do
Small time deposits @
do ..
Large time deposits @
do
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Bureau of the Census):
Net profit after taxes, all industries .
mil $
101 302
71028
Food and kindred products
do
8383
9109
Textile mill products
do
1 157
851
Paper and allied products
do
1460
3110
Chemicals and allied products
do
12973
10324
Petroleum and coal products
do....
19,666
23,733
Stone, clay, and glass products
do
408
1627
Primary nonferrous metal
do..
-333
2124
Primary iron and steel
do
3507
-3705
Fabricated metal products (except ordnance,
machinery and transport equip )
mil $
4235
2320
Machinery (except electrical)
do
8038
12580
Elec. machinery, equip., and supplies
do..
7872
6,449
Transportation equipment (except motor
vehicles, etc.)
mil $
3722
2566
Motor vehicles and equipment
.
do
209
734
All other manufacturing industries
do..
13867
15762
Dividends paid (cash) all industries ,
do
40317
41259
SECURITIES ISSUED @@
Securities and Exchange Commission:
Estimated gross proceeds total
mil $
68970
73672
By type of security:
Bonds and notes corporate
do
38966
43904
Common stock
do
25226
23547
Preferred stock
do.
1,696
4950
By type of issuer:
65603
72399
Corporate, total #
mil $
x
Manufacturing
do
15463
13237
8553
Extractive (mining)
do
7273
13,304
Public utility
do....
16,408
Transportation
.
.
do
1897
2090
Communication . . . . . ..
do
5871
3894
Financial and real estate *
do
15743
22989
State and municipal issues (Bond Buyer):
Long-term
do
46134
77 179
Short-term
do....
34,443
43390
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers, end of year
or month
mil. $..
14,411
13,325
Free credit balances at brokers:
5735
Margin accounts
do
3515
7,150
Cash accounts
do....
8,390
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
33.7
35.8
Composite §
dol. per $100 bond..
Domestic municipal (15 bonds)
do....
43.2
41.8
Sales:
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $.. 5,733.07 7,155.44
See footnotes at end of tables.
154.1
1562
148.1
*1557
1487
4790
5083
5147
5354
4910
4806
511 6 514 1
4897
4892
5045
4998
5195 '5238
19436 19645 20183 20425 20659 20885 20927 2114.1 2 127.8 21292 2 137 2 '2 160 7 '2 174 4 21915
23692 23853 24152 2427 1 24459 24654 2471 5 24954 r 25081 25193 T2 534 6 '2 559 9 '2 585 5 26084
28814 2 904 7 29455 29647 29922 30206 30297 3 054.9 3 078.6 3 102.3 31203 31485
1327
2406
101.5
45.2
191.1
3634
8716
340.8
1352
2477
104.0
44.3
182.2
3567
8539
336.5
1332
2451
107.5
47.3
166.7
3347
7986
314.2
1337
2328
110.0
48.9
159.6
3245
7585
302.6
1354
2352
114.3
48.8
154.0
3232
7377
298.9
1374
2424
120.2
50.6
146.7
3243
7286
298.0
1389
2382
118.2
55.1
141.1
3246
7227
298.0
1403
2421
121.0
56.0
139.7
3263
7239
301.0
1420
2451
122.5
52.7
138.8
3266
7343
3019
1421
241.3
123.0
52.1
139.1
321.5
7460
310.3
1426
242.1
124.5
53.0
137.6
318.2
7548
'316.7
1439
2444
126.4
'56.5
137.8
318.0
17692
'319.5
146 1
2447
'128.4
'55.2
138.7
'3138
'7813
'3248
1487
2514
130.8
56.1
137.9
3102
7868
3308
4965
5074
5179 '5183
5171
4740
5117
521 1
4782
482 1
491 1 4976
5167
5155
1 945.0 1 959.5 2 010.0 2,050.8 2,069.9 2,074.8 2,096.2 2,114.4 2 126.3 2 136.9 2,145.4 '2,161.6 '2,174.6 2,184.7
23702 23776 24033 24307 24471 24539 24762 24988 r 25103 25283 r2 543 8 '2 561 4 '2 585 9 25998
2 882.5 2 896.7 2 930.6 2 960.2 2,987.5 3,005.8 3,031.3 3,058.6 3,087.8 3 115.6 3,136.9 3,153.4
1319
237.6
3664
874.9
3404
1328
239.8
3593
859.1
3338
1342
239.4
3351
797.4
3107
1356
238.7
3257
755.1
2979
1370
240.1
3227
733.8
2962
1380
238.9
3215
725.7
3002
1393
242.5
3231
720.1
2992
1403
244.0
325.0
722.1
304.1
1409
245.8
3235
735.1
3056
1430
243.4
320 6
757.7
3177
1418
244.5
3221
748.0
3116
14 114
2462
339
198
2062
5,237
161
-467
2550
15729
1488
241
441
2755
3,658
-123
-114
-759
22174
2224
461
543
3045
4,529
340
50
-616
23308
2407
483
678
3233
5,530
536
37
-570
292
1 152
1,428
336
1306
1,313
789
1926
1,268
757
2017
1591
598
321
3523
10561
595
1058
3,534
9902
847
2163
4,605
10275
728
1520
4361
10353
1442
242.9
3188
771.0
319 9
1453
241.6
'3164
'784.4
'324.9
1460
243.1
3123
792.1
3291
8451
7577
7769
8923
11959
12142
12838
8646
7268
6577
'682J.
6053
6 929
5031
2857
563
3683
3476
418
4362
2784
624
3484
3003
1,964
5045
5958
957
7821
3880
441
8170
3933
486
2314
5442
790
3169
3760
340
3 113
2939
277
r
2951
r
3026
644
2433
3320
300
3264
3 183
433
8451
2308
493
1,629
316
102
2678
7,577
1435
234
1,443
46
1586
1895
7769
1970
1243
859
386
187
2540
8449
1892
441
1,222
561
18
3598
11960 12,142
2648
2354
1530
624
1,539
1,342
336
287
986
1 883
4 138
3051
12,588
3188
556
1,578
370
505
4435
8547
3138
531
987
205
381
1982
7268
1334
943
531
497
1 120
1922
6329
1735
395
684
220
245
2 261
'6621
'1 492
'476
969
178
103
'2297
6054
1 159
409
1,012
305
56
2490
6880
585
1037
1,012
303
12
3 480
9951
3396
9857
3365
3492
2980
5897
1,714
7850
2,282
9819
5,875
9083
2,226
8355
3,628
4589
3291
6563
4101
5779
2397
6606
3378
'5629
'1964
12,459
13,325
13,370
13,985
14,483
15,590
16,713
18,292
19,218
19,437
20,124! 21,030
22,075
5600
8,395
5735
8,390
6257
8,225
6195
7,955
6370
7,965
6090
7,970
6090
8,310
6 150
8,590
6275
8,145
6350
8,035
6550
7,930
6630
7,695
6515
7,600
44.2
48.7
42.9
49.0
42.5
51.6
41.3
51.3
42.6
53.1
43.8
54.2
44.4
53.9
42.2
51.1
40.4
51.4
39.0
50.0
39.7
50.8
40.0
50.4
39.3
49.6
38.6
49.1
770.43
792.60
787.72
689.61
793.35
729.15
687.63
641.90
538.78
560.48
498.96
513.37
530.06
601.30
7538
1922
S-16
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
1982
Nov.
Annual
January 1984
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
Bonds—Continued
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
Aa
A
Baa . .
.
1506
1494
1308
1302
1290
1302
1272
1244
1230
1254
1273
1301
1291
1279
1293
1307
do
do. .
do
do. .
14 17
14.75
1529
16.04
1379
14.41
1543
1611
1168
1251
1381
1430
1183
1244
1366
1414
1179
1235
1353
1394
1201
1258
1352
1395
1173
1232
1320
1361
11 51
1206
1286
1329
1146
1195
1268
1309
1174
12.15
1288
13.37
1215
1239
1299
1339
1251
12.72
1317
13.64
1237
12.62
1311
13.55
1225
12.49
1297
13.46
1241
12.61
1309
13.61
1257
12.76
1321
13.75
do
do .
do
1450
1562
1322
1454
1533
1368
1257
1358
1274
1248
1355
1260
1234
1346
1227
1243
1360
12 13
12 12
1331
12 11
11 84
1303
1190
1159
1300
1162
1190
1317
1178
12 18
1328
1207
1252
13.50
1213
1246
1335
1204
1239
13.19
1208
1254
13.33
1235
1266
13.48
1246
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
do .
do....
1156
11.57
1023
9.97
956
9.91
974
9.45
904
9.55
938
9.16
882
8.96
978
9.03
936
9.51
960
9.46
9.75
9.72
9.46
9.57
9.79
9.64
9.82
9.79
9.76
9.90
U.S. Treasury bonds, taxable $..
do....
11.56
11.23
12.87
12.23
10.18
10.33
10.37
10.60
10.34
10.19
10.21
10.64
11.10
11.42
11.26
11.21
11.32
11.44
percent
By group:
Industrials
Public utilities
Railroads
Stocks
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
36461
932.92
108 58
39856
34540 40157 40483 41761 42891 44711 45820 47619 48545 48534 470 13 49130 50044 50346 50280
884.36 1 027 76 103308 106429 1 087 43 1 12958 116843 121286 122147 1 213 93 1 189.21 123704 1252.20 1,250.00 1257.64
11195 11934 11783 12383 12432 12688 12608 12921 12821 13040 12960 13247 13835 13774 13273
35981 43643 44637 45774 47972 50766 51815 54275 57173 57284 53683 571 17 58228 597.21 597.27
Standard & Poor's Corporation: §
Combined index (500 Stocks)
Industrial, total (400 Stocks) #
Capital goods (105 Stocks)
Consumer goods (191 Stocks)
1941-43—10..
do....
do....
do....
128.04
144.24
139.03
100.67
119.71
133.57
119.98
109.37
138.10
153.90
139.35
133.27
139.37
156.02
142.63
134.75
144.27
162.02
151.03
133.08
146.80
165.15
154.08
133.89
151.88
170.33
159.04
144.43
157.71
176.78
163.82
149.93
164.10
184.10
173.34
154.90
166.39
187.42
177.89
156.13
166.96
188.32
180.42
157.69
162.42
183.16
176.42
150.32
167.16
188.61
182.89
155.43
167.65
189.00
183.09
160.20
165.23
185.86
178.25
158.41
164.36
185,18
179.19
154.82
Utilities (40 Stocks)
Transportation (20 Stocks)
Railroads (6 Stocks)
do....
1970—10
1941-43 — 10
51.87
23.26
9309
54.78
19.64
74.82
60.08
23.52
8827
59.33
23.84
8583
61.89
24.93
9026
61.52
25.52
9173
62.13
26.48
9545
62.95
27.30
10090
64.88
29.03
10937
64.14
29.73
11091
65.06
29.96
11304
64.85
28.62
11203
66.00
30.99
12186
69.10
31.09
12037
68.95
31.52
11943
66.95
31.33
116 19
Financial (40 Stocks)
1970 — 10
NewYorkCity banks(6 Stocks) ..1941-43=10..
Banks outside N.Y.C. (10 Stocks)
do....
Property-Casualty Insurance (5 Stocks) do....
1444
52.45
117.82
141.29
14.30
54.76
95.87
143.01
1746
68.70
114.55
166.54
1690
65.60
103.62
168.28
1651
63.91
101.22
162.01
1675
64.58
100.25
163.13
1860
70.91
107.22
186.26
2000
78.18
115.35
190.90
2056
79.16
122.92
188.29
20 15
73.22
121.77
186.32
1956
69.77
120.07
181.67
1875
68.75
119.44
175.69
1891
68.47
118.31
186.65
1829
63.28
111.76
185.44
18 10
64.57
108.15
183.20
18 16
65.97
111.52
184.38
New York Stock Exchange common stock indexes:
Composite
12/31/65—50
Industrial
do....
Transportation
do
Utility
do....
Finance
do
7402
85.44
7261
38.91
7352
6893
78.18
6041
39.74
7199
7975
9076
7192
43.46
8866
8030
92.00
7340
42.93
8622
8325
95.37
7565
45.59
8566
8474
97.26
7944
45.92
8657
8750
100.61
83.28
45.89
9322
9061
104.46
8526
46.22
9907
9461
109.43
8907
47.62
10245
9643
112.52
9222
46.76
10122
9674
113.21
9291
46.61
9960
9396
109.50
8806
46.94
9576
9670
112.76
9456
48.16
9700
9678
112.87
9541
48.73
9479
9536
110.77
9768
48.50
9448
94.92
110.65
98 79
47.00
9425
Yields (Standard & Poor's Corp.):
Composite (500 stocks)
Industrials (400 stocks)
Utilities (40 stocks)
Transportation (20 stocks)
Financial (40 stocks)
percent
do...
do
do....
do
520
4.90
10.15
3.40
5.41
581
5.48
1039
4.32
592
492
460
962
3.53
484
493
459
983
3.46
508
479
444
948
324
527
474
4.39
960
3.19
524
459
4.26
9.52
3.04
475
444
4.12
940
2.98
445
427
3.96
9 12
2.81
433
426
393
930
283
447
421
388
9 15
2.77
465
435
4.01
920
2.88
475
424
391
911
2.65
472
425
3.91
875
2.64
490
431
393
880
260
498
Preferred stocks, 10 high-grade
do....
12.36
12.53
11.18
11.20
11.23
11.13
10.86
10.80
10.65
10.81
11.06
11.07
11.06
10.97
11.12
490688
15,910
596670
22,414
75002
2,642
73704
2547
69588
2,402
65657
2,189
81315
2,681
75498
2,431
88346
2,825
93,847
2,857
76494
2,319
79553
2,633
80476
2,399
81970
2,446
80021
2,327
415,913
12843
514,263
18211
63,927
2129
61542
1992
59,712
1920
55,909
1756
70121
2183
63,156
1930
75,317
2246
79,973
2264
64,858
1837
68,306
2191
68,440
1946
69,341
1965
68,166
1883
11854
16458
1,857
1682
1858
1,615
1902
1,793
1953
1,974
1,590
1,706
1,740
1,794
1,815
Sales:
Total on all registered exchanges (SEC):
Market value
. mil $
Shares sold
millions..
On New York Stock Exchange:
Market value
mil $.
Shares sold (cleared or settled)
millions
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
millions
Shares listed, N.Y. Stock Exchange, end of period:
Market value all listed shares
.. bil $
Number of shares listed
millions..
1 143.79
38,298
FOREIGN TRADE OF THE UNITED STATES
Excl Dept of Defense shipments
Seasonally adjusted
mil $ 233 739 0 212 274 6 15 695 0 167239 162049 155405 183299 16 712 0 162346 175577 15 895 1 156397 168453 172508 16 817 1
do 233 677.0 212,193.1 15 689.2 16,716.4 16,200.6 155315 183275 16 707 5 16228.5 17,555.3 158941 15638.7 168440 17244.4 16,812.2
158519 163466 17 393 0 163258 16 751 6 160738 155664 170083 166285 166302 173870 16 951 1 168479
do
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
do
do
do
do
do
do....
do
110974
638487
64358
69 714 7
By leading countries:
Africa:
Egypt
Republic of South Africa
do
do.
21594
29117
28754
2368.2
1454
1334
2640
1462
2502
1265
2491
134.9
52975
do
do.... 21,823.0
46007
20.966.1
3077
1.814.6
2806
1.803.1
3159
1,601.0
2594
1.423.6
Asia; Australia and Oceania:
Australia, including New Guinea
Japan
;
See footnotes at end of tables.
1,849
1,305.36 1,291.94 1,305.36 134919 1,385.49 1,431.63 1,545.81 1,547.13 1604.02 1,562.40 1 571.38 159143 1563.58 160556 1,584.16
39,516 39,400 39,516 39,688 40,298 40,468 41,090 41,508 42,321 43,382 43,763 43,888 44,276 44,920 45,118
VALUE OF EXPORTS
Exports (mdse ) incl reexports total @
11.49
10 271 1 6013
8929
648222 51097 57462
56997
3627
3605
63,664.2 48926 50956
395658 33723.6 25125 23783
24,368.7 18,332.1 1,043.4 1,161.1
17 732 1 152565 11253 10701
6510
7796
7936
8797
6833
5043.2 48628 55218 52645 4801 1
3862
3817
3112
3765
3507
5340.1 49393 59272 50665 49025
2 671.7 2,675.7 35560 32232 34409
1 111.1 1,134.2 1,272.4 1,164.2 1,308.4
7910
10015
8377
7831
7148
8082
6521
6859
8122
5937
59338 56085 48643 54377 54287
4499
5530
4078
4299
3993
45827 42986 43838 44679 50225
33293 26345 30319 34220 35167
13232 12807 1 419.9 13423 13625
9746
9079
8734
9883
7871
2685
2400
1920
2431
2963
1522
2348
1441
2063
1617
2708
1935
1737
173.4
3273
3296
1.781.1 1,752.6
2874
1.546.7
4830
1.935.5
3409
1.920.8
3629
1.799.7
3307
1,948.4
3517
2,004.2
2812
167.4
S-17
SURVEY OF CURRENT BUSINESS
January 1984
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
Annual
1982
Nov.
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS—Continued
Exports (mdse.), incl. reexports—Continued
Europe:
France
.. .
mil $
German Democratic Republic (formerly
R Germany) '
'
mil $
Federal Republic of Germany (formerly
W Germany)
mil $
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
•
Latin American republics, total #
Brazil
Mexico
Venezuela
Exports of U.S. merchandise, total §
Excluding military grant-aid
Agricultural products total
Nonagricultural products, total
By commodity groups and principal
commodities:
Food and live animals &
Beverages and tobacco
Crude materials, inedible, exc. fuels #
Mineral fuels, lubricants etc #
Oils and fats, animal and vegetable
Chemicals
Manufactured goods #
Machinery and transport equipment,
total
.
Machinery total #
Transport equipment, total
Motor vehicles and parts
VALUE OF IMPORTS
General imports total
Seasonally adjusted
. . ..
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
Egypt
Republic of South Africa
7,340.5
7,110.4
515.4
561.0
546.8
563.6
686.9
524.2
502.3
483.7
412.4
395.9
439.5
295.7
222.8
10.1
14.1
14.6
5.5
20.2
25.2
8.2
4.3
1.3
0.6
10.3
13.3
10,276.7
9,291.3
4,616.1
2,587.3
10,644.7
755.9
802.4
368.6
147.7
792.5
732.1
662.9
790.0
768.2
699.8
745.2
746.6
387.5
219.9
885.0
386.0
179.3
1,021.5
353.2
219.5
962.0
299.3
88.7
793.3
264.4
44.3
793.2
698.6
273.7
66.2
841.5
681.5
379.0
266.4
860.6
743.9
369.4
42.9
963.6
258.1
68.5
810.6
308.3
247.6
999.5
2,377.8 2,671.6 2,675.5 3,555.8
1,956.2 1,861.6 1,754.9 1,776.7
194.8
195.5
185.4
214.8
746.7
640.0
626.6
712.3
390.0
265.3
199.5
392.8
16,290.1 15,818.8 15,198.8 17,913.0
16,282.6 15,814.4 15,189.7 17,910.6
2,887.5 3,115.2 3,018.0 3,188.1
13,402.5 12,703.6 12,180.8 14,724.9
3,223.2
1,705.7
198.8
681.2
134.8
16,360.7
16,356.2
2,981.1
13,379.6
3,440.8
1,785.6
183.9
825.9
160.9
15,854.5
15,848.4
2,679.9
13,174.6
3,329.3 2,634.5
2,040.6 1,976:6
286.8
294:2
802.3
761.7
227.8
222.0
17,201.1 15,56619
17,198.6 15,56519
2,789.0 2,595^7
14,412.1 12,971,2
1,910.6
231.3
1,527.2
816.3
84.9
1,865:9
193.4
1,342:2
652i6
1,820.0
1,226.7
I,620l8
1,173:9
do
5,360.0
do.... 2,431.3
do
12,439.2
do
do....
do
do....
do
do....
do....
do
do....
39,564.3
38,950.1
3,798.2
17,788.7
5,444.9
33,720.2
30,086.3
3,422.7
11,816.9
5,206.2
344.1
160.6
838.1
2,512.3
1,844.7
201.7
504.9
402.6
228,960.8 207,157.6 15,319.1
228,898.7 207,076.2 15,313.3
43,338.5 36,622.6 3,049.7
185,622.6 170,535.0 12,269.4
1,798.8
379.8
1,663.4
846.0
118.3
1,758.0
257.5
1,546.9
881.9
117.3
2,093.7
171.5
1,576.6
1,006.3
99.1
1,963.6
223.6
1,458.5
681.1
139.5
2,098.2
227.1
1,609.8
843.6
114.9
1,904.2
213.4
1,645.4
872.6
156.7
19,890.5
16,738.6
1,455.2
1,202.5
1,647.2
1,155.4
1,565.1 1,491.8
1,213.9 1,087.3
1,704.1
1,332.7
1,586.5
1,315.5
1,769.0
199.3
1,495.7
759.4
129.3
1,557.7
1,269.6
mil $ 95,717.2
do
62,945.5
do.... 32,790.9
do.... 16,214.0
87,128.1
59,324.2
27,823.9
13,906.8
6,083.4 6,846.4
4,451.1 4,522.4
1,632.7 2,326.7
957.9
919.5
6,174.2 6,406.1 8,041.1
4,252.5 3,989.1 4,920.0
1,922.5 2,417.7 3,121.8
958.7 1,076.1 1,349.1
6,794.1
4,513.6
2,281.2
1,288.1
6,865.3 7,812.8 6,626^6 6,006.6 6^79213 7,035.3 6,749.0
4,514.8 4,558.3 4,554.0 4,238.3 4,646:0 4,928.2
2,353.5 3,255.1 2,703.4 1,768.7 2,146.5 2,109.6
959.0 1,049.5 1,250.6 1,377.5
1,370.4 1,246.4
do
do
127:0
1,742.0
1,235.3
1,609.8
1,250T7
1,754.5
1,277.5
1,592.4
1,273.8
261,304.9 '243,951.9 19,002.0 18,720.2 20,149.0 17,592.6 20,311.2 19,807.8 21,932.9 21,763.0 21,583.9 23,058.6 21,736.3 25,130.2 25,304.7
18,892.4 19,154.4 20,020.9 19,014.9 19,525.2 19,771.1 21,514.4 21,024.4 21,949.9 22,782.3 22,175.1 24,762.7 23,179.2
do
. . do
do
do
do....
do
do....
27,070.6
92,032.6
3,352.7
53,409.7
46,432.0
23,477.4
15,526,4
do....
do....
397.3
2,445.3
1
17,770.1
1
1,423.8
85, 169.5 6,133.6
261.2
'3,130.5
'53,412.7 4,220.1
'46,497.7 4,009.8
'23,525.0 1,779.6
'14,444.1 1,173.7
'547.2
'1,966.8
do.... 81,416.9 '65,409.2
do.... 75,577.3 '59,396.4
479.5
'405.8
do....
do
9,445.9 '9,493.5
Manufactured goods #
Machinery and transport equipment
Machinery, total #
Transport equipment
Automobiles and parts
do....
do....
do....
do....
do....
1,854.3 2,122.9 2,158.8 2,242.6
215.7
207.4
266.5
375.7
1,478.7 1,491.4 1,548.6 1,608.8
837.5
777.0
821.0
680.6
! 111.7
157.0
80.9
120.7
23,950.4
3,026.2
19,248.4
12,728.8
1,540.9
Mineral fuels, lubricants, etc
Petroleum and products
Oils and fats, animal and vegetable
Chemicals
429-897 O - 84 - S3
15,252.0
15,250.9
2,613.5
12,638.5
3,421.8 3,516.7
1,953.5 1,960.1
200.5
196.4
788.4
775.8
200.7
225.2
16,480.2 16,798.4
16,478.9 16,791.9
2,973.1 3,175.5
13,507.1 13,622.9
30,290.8
2,914.7
20,992.4
10,279.0
1,750.3
21,187.1
20,632.5
mil $
do
do....
mil $
do....
do....
. do
51.2
162.8
874.4
1,288.3 1,271.1
866.8
5,756.4 6,739.8 6,185.4 6,956.0
227.2
205.4
245.5
216.6
4,381.0 4,658.0 3,767.0 4,434.4
3,625.6 3,868.1 3,753.7 4,534.4
2,126.8 1,982.4 1,806.4 2,032.6
1,336.6 1,384.1
996.6 1,252.2
51.0
172.1
17.9
142.3
95.0
162.7
16.3
162.8
Asia; Australia and Oceania:
Australia, including New Guinea
mil. $.. 2,514.8 '2,304.6
169.7
172.3
154.4
196.0
158.1
Japan
do.... 37,612.1 '37,743.7 2,695.1 2,486.2 2,953.2 2,894.4 3,440.2
Europe:
France
do.... 5,851.4 '5,545.3
469.8
452.7
670.2
471.9
434.8
German Democratic Republic (formerly
K. Germany)
mil $
47.7
3.2
'53.9
2.9
5.4
5.7
5.3
Federal Republic of Germany (formerly
W. Germany)
mil. $.. 11,379.0 '11,974.8
949.0
967.2
989.2
887.4 1,064.5
Italy
do
5,189.0 '5,301.4
413.7
420.4
471.1
460.6
367.4
Union of Soviet Socialist Republics
do....
347.5
8.9
7.1
22.7
'227.6
25.1
20.0
TTnitol Kingdom
Hr,
12,834.6 '13,094.8 1,037.3 1,181.4 1,021.2
774.9
897.8
North and South America:
Canada
.
... do.... 46,413.8 '46,476.9 4,009.6 3,622.1 3,866.9 3,752.7 4,531.7
Latin American republics, total #
do.... 32,023.3 '32,512.6 2,604.6 2,963.1 2,885.0 2,408.3 2,801.1
Brazil
, d"
4,474.5 '4,285.3
315.4
440.1
430.6
331.6
336.2
Mexico
do
13,765.1 '15,565.9 1,219.1 1,418.7 1,285.9 1,194.8 1,328.8
Venezuela
do.... 5,566.0 '4,767.7
392.3
472.5
284.9
428.0
528.9
By commodity groups and principal
commodities:
Agricultural products total
mil $.. 17,003.4 '15,421.7 1,248.0 1,234.3 1,529.8 1,312.9 1,379.5
Npnagricultural products, total
do.... 244,301.4 '228,530.2 17,754.0 17,485.9 18,619.3 16,279.6 18,931.7
Food and live animals #
Ho.... 15,237.6 '14,452.7 1,232.7 1,192.8 1,346.6 1,197.8 1,300.1
287.5
235.1
257.7
Beverages and tobacco
do.... 3,138.3 '3,364.0
266.0
353.5
705.0
630.1
624.8
691.9
767.5
Crude materials, inedible, exc. fuels #
do.... 11,193.4 '8,589.4
See footnotes at end of tables.
3,031.9
1,932.4
179.2
881.2
174.0
497.9
37,291.9
69,627.2
38,212.2
31,415.2
26,216.9
'33,148.4
'73,319.6
'39,456.8
'33,862.8
'29,360.6
5,037.4 5,467.6
4,419.7 4;843.7
32.3
28.9
739.3
751.8
2,509.1 2,229.1
5,543.0 5,517.3
3,044.5 3,038.2
2,498.5 2,479.2
2,178.6 2,163.0
950.0
6,278.3
221.4
4,602.4
4,227.8
2,131.3
1,396.6
4.0
263.5
1,232.7 1,342.5
7,005.4 7,679.3
239.7
262.5
4,815.4 4,662.4
4,529.7 4,691.1
2,577.6 1,965.0
1,532.4 1,160.2
1,519.9
7,776.7
256.5
4,692.3
3,937.4
2,046.6
1,354.5
1,546.6
8,622.0
303.1
5,080.8
4,057.8
2,135.5
1,312.7
1,413.7
7,669.8
271.0
4,391.2
4,322.3
2,175^4
I,492i8
1,258.7
9,703.4
286.0
5,040.3
4,673.8
2,612.2
1,555.8
17.8
169.0
37.4
144.4
20.5
154.1
33.4
185.3
23.6
166.6
4.5
183.8
147.6
164.1
3,080.2 3,461.1
175.4
168.6
3,283.8 3,557.5
233.8
201.4
223.1
3,633.8 2,975.7 4,070.7
492.8
517.9
497.0
469.6
500.6
514.6
5.3
3.4
3.5
4.6
5.5
3.2
5.1
1,044.6
448.9
25.2
922.1
1,011.7
428.4
16.4
1,227.8
1,114.2
455.3
16.5
1,032.3
1,044.4
494.5
7.8
1,129.7
1,126.9
541.7
72.1
1,318.0
887.6
442.1
51.7
1,106.6
1,215.6
451.1
36.6
1,122.5
571.9
4,227.1 4,528.2 4,688.8 3,937.0 4,055.4 4,320.1 4,671.5
3,001.9 3,538.0 2,744.5 2,895.2 3,032.0 3,111.6 3,422.2
351.7
553.1
383.6
395.7
439.8
443.8
421.8
1,345.7 1,695.5 1,363.7 1,295.0 1,491.4 1,382.8 1,573.6
493.6
424.9
310.4
428.9
358.0
456.0
508.1
1,489.6 1,532.8 1,261.4 1,264.2 1,248.5 1,272.1 1,521.5
18,318.1 20,400.2 20,501.6 20,319.7 21,810.1 20,464.2 23,608.6
1,309.2 1,450.0 1,191.3 1,226.2 1,202.5 1,230.8 1,411.3 1,254.4
283.4
298.9
259.5
277.9
335.4
310.2
261.9
235.1
868.7
711.7
907.3
860.1
803.8
850.8
837.9
893.0
5,141.6 3,704.4 3,864.9 3,763.1 5,033.2
4,440.6 3,001.7 3,260.6 3,287.5 4,655.4
30.1
38.5
32.0
30.1
32.0
867.1 1,011.0
859.9
896.7
927.6
2,469.2 2,270.3 2,805.4 2,877.8 3,047.5
6,152.4 5,925.5 7,050.1 6,731.5 7,288.3
3,221.7 3,017.0 3,678.0 3,635.5 3,755.7
2,930.7 2,908.5 3,372.2 3,096.0 3,532.6
2,482.4 2,605.4 2,988.6 2,762.2 3,252.7
4,767.3
4,333.4
35.9
838.2
2,936.8
7,364.4
3,954.4
3,410.0
3,119.0
5,164.0
4,802.3
39.6
827.0
2,875.6
7,061.9
4,079^6
2,982.3
2,689.6
5,703.1 5,571.3 5,871.6 4,950.7
5,359.6 5,239.3 5,483.0
47.1
46.9
43.5
63.6
886.7
845.0 1,020.8
944.8
3,268.4 3,024.8 3,300.8 3,107.5
7,134:3 6,436.1 8,414.5; 8,448.2
4,005^9 3,840.2 4,841.6
; 3,128.5 2,595.9 3,572.9
2,573.9 2,322.5 3,252.0
Dec.
S-18
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
Annual
January 1984
1982
Nov.
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOREIGN TRADE OF THE UNITED STATES—Continued
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1977-100..
Quantity ....
...
..
do
Value
do
1508
1288
194 1
1525
1151
1756
151.0
1032
1558
152.2
1089
1657
1540
1045
1609
1550
997
1546
154.1
1182
1823
154.8
1075
1665
152.6
1057
1613
153.7
1139
1750
155.0
1022
1584
1540
1008
1552
1549
1083
1677
1566
109 1
1709
156.5
1067
1670
General imports:
Unit value
Quantity
Value
1703
1052
1791
1675
999
1674
164.1
953
156.5
1642
938
1540
1636
101 4
1659
1620
894
1448
1622
1031
1673
1607
1015
1631
1589
1137
1806
1602
111 9
1792
158.7
1120
177.7
1608
1181
1899
1609
111 2
179.0
1607
1288
2069
1610
1192
1919
thous sh tons
.
mil. $..
406796
123,495
400896
115,885
32472
8923
30342
8869
31458
8584
28071
8,004
30532
8,758
30409
8,644
28757
7,829
31256
8,345
27814
8,051
29,478
8,130
thous sh tons
mil. $..
464 420
177,059
1
376,232
1
27291
11,552
29057
11,263
28145
12,407
22504
10,563
23412
11,616
25526
11,161
13,323
31 134
12,924
32434
13,354
35406
14,324
2666
634
3293
2731
646
3366
2160
573
2812
22.49
590
2945
20.44
279
81
20.97
295
84
16.41
292
82
17.75
309
88
621
235
32
6.34
224
32
5.19
247
31
4.74
263
35
593
658
653
687
672
138.7
"136.8
do
do
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
Value
General imports:
Shipping weight
Value
155,513
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)
Passenger-load factor
Ton-miles (revenue), total ....
Operating revenues (quarterly) # §
Passenger revenues
Cargo revenues
Mail revenues
Operating expenses (quarterly) §
Net income after taxes (quarterly) §
Domestic operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
.. bil
percent
mil
24889
586
31949
25896
590
32754
mil. $
do
do
do
do
do
36211
30401
2550
668
36612
-500
36013
30326
2404
705
36715
-870
bil..
mil
do....
198.72
3350
998
2
209.54
3026
1,004
1920
559
2527
20.92
578
2717
20.75
567
2571
1936
602
2462
8546
7 153
626
199
9093
-365
15.95
258
78
17.34
253
117
24.87
676
3 119
21.88
603
2777
22.95
591
2895
8,422
7 122
559
162
9074
-700
17.09
220
81
16.43
236
78
21.25
288
94
2590
65 1
3213
9,570
8178
612
161
9465
24
18.04
263
88
18.41
275
82
6898
7567
-674
20.44
289
85
28788
29051
-348
28730
29466
-690
bil
mil
do
50 17
2335
376
4943
2 430
399
mil $
do....
do
2
6390
2
6,574
2
-166
£435
6,454
-192
.mil..
7,949
7714
100
16 135
100
15404
100
3970
100
3610
100
4029
100
4254
293
308
154
32
121
113
180
160
40
36
41
43
1470
128.9
30899
28925
535
27 507
25627
571
6,482
6026
139
6,487
6 171
75
6584
6750
77
6,808
6579
26
do
do
do....
28560
1386
1,922
26473
767
3
1,202
6,331
184
436
6,126
256
173
6,346
247
255
6,319
399
371
bil
do....
1969—100
9119
910.2
3276
Hotels and motor-hotels:
Restaurant sales index
same month 1967 — 100..
Hotels* Average room sale 0
dollars..
Rooms occupied
% of total..
Motor-hotels' Average room sale 0
dollars..
Rooms occupied
% of total
International operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-milps
-
Operating revenues (quarterly) §
Operating expenses (quarterly) §
Net income after taxes (quarterly) §
6943
7398
182
357
208
47
325
233
36
366
166
30
293
184
29
1513
1,611
-188
362
217
33
13.79
5
14.77
7673
7728
-81
rnil $
do
Operating revenues (quarterly) §
Operating expenses (quarterly) §
5
384
206
32
454
210
34
546
217
32
1804
1,655
100
1431
1,428
-31
Urban Transit Systems
Passengers carried, total .
654
654
624
618
716
656
664
661
Motor Carriers
Carriers of property, large, class I, qtrly.:
Number of reporting carriers
Net income, after extraordinary and prior period
charges and credits
mil $
Tonnage hauled (revenue), common and contract
carrier service
mil tons
Freight carried—volume indexes, class I and II
intercity truck tonnage (ATA):
Common and contract carriers of property
(qtrly )
average same period 1967 — 100
Common carriers of general freight,
seas adj
1967 — 100
Class I Railroads $
Financial operations, qtrly. (AAR), excl. Amtrak:
Operating revenues total #
mil $
Freight
do
Passenger excl. Amtrak
...
do
Operating expenses
Net railway operating income
Ordinary income
Traffic:
Ton-miles of freight (net) total qtrly
Revenue ton-miles qtrly. (AAR)
Price index for railroad freight
r
121.9
121.3
126.6
125.3
r
126.1
130.8
133.8
137.2
139.9
140.7
7978
7997
3514
351 7
!914
193.8
3519
3552
3554
1961
191.9
3553
3553
3554
2039
204.0
3554
3556
194
56.39
68
38.31
67
196
61.71
63
41.16
64
190
61.87
62
39.19
58
195
62.28
49
39.94
49
159
62.69
55
40.10
58
181
65.86
63
41.95
68
201
62.23
68
43.33
71
198
67.24
68
43.49
69
218
62.94
66
42.17
68
220
64.45
68
43.53
72
212
61.63
63
4424
72
thous..
do....
do....
do
do....
8,905
9,978
11,976
9933
3,222
2
9,388
2
10,275
2
10,909
2
9047
3,664
4
872
4
950
4
667
4
4
1,097
4
1286
4
710
4
384
314
2,210
2,160
2,110
1515
458
4
823
4
873
4
688
4
228
1,979
2 182
2,328
2027
288
573
470
340
344
«.,,.„ do....
49,787
48,901
1,926
1,265
1,230
1,332
1,334
2,255
3,773
6,402
9,719
9,014
r
!40.5
3556
2113
2130
3555
200
6325
65
4274
69
203
68 16
64
4209
64
r
357 1
357 1
260
222
219
6.247
4.369
Travel
Foreign travel:
U.S. citizens: Arrivals (quarterly)
Departures (quarterly)
Aliens: Arrivals (quarterly)
Departures (quarterly)
Passports issued
National parks, recreation visits # #
See footnotes at end of tables.
..
570
474
545
392
214 2
2316
357 2
S-19
SURVEY OF CURRENT BUSINESS
January 1984
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
Nov.
Annual
1983
1982
Dec.
Feb.
Jan.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
TRANSPORTATION AND COMMUNICATION—Continued
COMMUNICATION
Telephone carriers:
Operating revenues #
Station revenues
Tolls message
Operating expenses (excluding taxes)
Net operating income (after taxes)
Phones in service, end of period
Telegraph carriers:
Domestic:
Operating revenues
Operating expenses
Npt operating revenues (before taxes)
Overseas, total:
Operating revenues
Operating expenses
Net ooeratine revenues (before taxes)
mil $
do
do .
do
do
mil
66499
28117
26507
44593
11 910
1649
73,808
31678
28,099
51269
11951
1578
6,310
2745
2,308
4481
961
1595
6,005
2730
2,342
4592
740
1578
6215
2750
2,294
4125
1069
1563
6198
2744
2,138
4113
1081
1562
6628
2735
4704
3929
1 420
1554
mil $
do
do
7792
623.8
1127
8093
678.7
868
662
56.4
61
683
580
79
673
57.1
64
652
558
58
749
594
109
5777
435.3
117.0
6077
495.2
83.7
502
42.9
4.5
499
458
3.9
508
42.7
5.1
489
417
4.6
548
43.8
8.4
do
do .
do....
6485
2760
2331
4299
1 139
1545
6498
2760
2358
4378
1 094
1534
6542
2775
2,352
4443
1043
1468
6,504
2,750
2,311
4325
1 123
1446
6,558
2,725
2,498
4332
1 158
142.5
6,569
2,754
2,318
4,137
1 195
140.6
6,673
2802
2,352
4,651
1038
138.6
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% A12O3)
thous. sh. tons..
Chlorine gas (100% C12)
— do....
Hydrochloric acid (100% HC1)
do
Phosphorus elemental
do..
1,294
10,767
2,502
426
1,183
9,136
2,490
361
96
734
189
30
96
708
182
28
80
787
203
30
86
759
217
27
103
812
222
32
87
810
188
30
100
848
198
31
107
806
226
30
87
872
220
27
117
883
235
30
101
862
240
32
86
862
228
34
do....
do....
do....
10,414
788
1,077
9,225
650
895
752
59
68
722
41
74
824
47
75
789
50
79
840
61
76
850
57
70
881
74
76
816
65
62
895
57
63
884
58
70
889
76
74
879
75
70
do
do....
696
761
630
635
55
54
52
50
62
54
48
60
53
61
51
68
50
59
53
65
60
62
62
62
56
'68
59
67
Sulfur, native (Frasch) and recovered:
Production
thous. Ig. tons..
Stocks (producers') end of period
do....
'10,440
3,577
1
8,478
4,136
658
4,199
663
4,136
639
4,074
572
3,957
667
3,805
635
3,701
661
3,634
636
3,658
668
3,662
674
3,600
679
3,504
702
3,438
15,500
7,331
1,789
7,588
1,137
564
125
614
1,156
552
128
580
1,117
592
3
121
630
1,065
564
154
595
1,264
647
165
712
1,182
607
160
650
1,140
581
177
626
1,011
506
161
551
975
420
170
505
1,096
391
161
479
'1,137
'461
167
'584
1,213
604
184
690
3
Sodium hydroxide (100% NaOH)
Sodium silicate, anhydrous
Sodium sulfate, anhydrous
Sodium tripolyphosphate
(100% Na5P3Oio)
Titanium dioxide (composite and pure)
726
3,316
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrous
Nitric acid (100% HNO3)
do
19,076
8,937
2
2,194
9,077
Nitrogen solutions (100% N)
Phosphoric acid (100% P2O5)
Sulfuric acid (100% H2SO4) $
do
do....
do....
3,177
9,922
40,742
2,427
8,524
32,680
151
682
2,755
137
780
2,760
147
749
'2,622
150
807
'2,797
235
922
'3,110
228
895
'2,949
242
754
'2,717
179
650
'2,414
149
731
'2,510
192
800
'2,690
'3205
'832
'2,910
226
924
3,117
16,903
1,068
6,478
13,139
892
5,186
966
883
313
1,048
892
495
1,223
818
431
1,240
773
383
1,478
688
543
1,402
820
458
1,237
1,069
627
1,086
1,023
474
1,125
1,017
326
1,251
812
597
1,329
658
691
1,432
579
638
'646
do..
do
do..
do
22,391
2,834
13,308
1,203
20,337
2,645
11,997
1,218
1,912
139
1,177
172
1,193
125
684
55
2,504
122
1,714
125
1,755
131
1,124
27
1,937
182
1,289
63
1,933
219
1,258
48
1,568
161
1,122
33
1,983
247
1,127
93
1,787
148
1,194
48
1,892
134
1,126
97
2,113
167
1,444
93
1,815
157
1,206
44
1,894
178
1,185
54
do....
do....
do
do....
264
327
8,601
159
262
319
7,154
131
15
28
489
15
12
25
584
9
26
54
674
0
16
13
461
0
34
35
860
9
44
33
765
23
39
18
679
16
12
16
403
22
22
4
396
7
15
29
717
8
38
11
629
3
28
17
840
6
46
14
710
0
thous. sh. tons..
Ammonium nitrat^* origins) solution '
do
Ammonium sulfate
.
.
.
..
do .
Superphosphate and other phosphatic fertilizers
(gross weight):
Production
....
thous sh tons
Stocks end of period $
do
Potash sales (K2O)
.
do..
Exports total # .
Nitrogenous materials
Phosphate materials ..
Potash materials
Imports:
Ammonium nitrate
Ammonium sulfate
Potassium chloride
Sodium nitrate
..
....
..
.
Industrial Gases $
Production:
r
5,172
Ac^tylenp
mil- cu ft
Carbon dioxide, liquid, gas, and solid
5
thous. sh. tons.. r ' 7,059
!04,817
Hydrogen (high and low purity)
mil cu ft
'489,666
Nitrogen (high and low purity)
do
'430,616
Oxygen (high and low purity)
do
3
3
r
r
r
5
3
r3
3,828
261
3
237
259
297
' 6,733
291
'88,884 r r6,968 ^,620
r
39,213
483,886
'40,021
r
348,548 '26,365 '25,246
3
3
4
228
3
4
248
3
265
3
311
3
3
3
248
253
3
3
3
298
297
3
3
3
291
7,929
43,243
27,466
271
7,893
41,479
27,701
292
8,098
45,317
29,052
278
8,251
45,019
28,659
284
8,173
46,506
28,668
309
8,209
43,886
28,014
321
8,522
49,131
29,451
341
7,758
49,986
29,424
317
9,502
47,889
30,713
Organic Chemicals §
Production:
Acetylsalicylic acid (aspirin)
Creosote oil
Ethyl acetate (85%)
Formaldehyde (37% HCHO)
mil Ib
mil gal
mil. Ib..
do
Glycerin, refined, all grades
Methanol synthetic
Phthalic anhydride
do....
mil gal
mil Ib
299.1
n,29l.7
1
869.5
mil. tax gal..
do
*23.4
1
36.3
235.4
'4,816.5
10.3
382.4
18.7
307.0
2.7
4.5
21.2
409.7
2.4
5.6
20.3
417.8
2.7
5.6
27.7
470.2
2.7
6.2
10.6
490.5
2.4
6.8
15.0
461.5
2.2
7.9
15.2
442.9
2.5
5.7
14.2
415.0
2.4
6.8
15.0
437.3
1.9
6.6
15.6
462.6
3.2
6.9
15.1
498.8
2.6
6.1
16.7
453.1
229.5
1,137.7
1
684.4
21.5
83.2
58.7
13.8
97.1
48.0
23.7
88.7
57.7
22.9
75.3
60.6
22.0
76.3
72.7
16.4
90.4
71.7
21.1
93.4
69.7
26.1
91.8
80.3
19.9
97.5
69.5
20.2
77.9
63.5
23.4
94.0
64.1
24.6
74.7
59.9
25.6
80.1
58.9
571.2
83.3
601.1
82.1
61.6
45.5
65.0
82.1
60.8
76.7
58.6
69.9
59.4
69.8
46.0
58.3
56.5
58.8
60.2
50.9
63.8
60.1
56.9
42.7
59.2
49.3
230.7
227.1
5.4
r
283.5
r
31.9
28.8
5.7
35.3
34.6
6.5
35.1
34.5
7.4
36.5
29.7
15.5
30.0
23.5
19.1
28.2
30.6
11.9
33.7
36.1
8.8
30.4
32.5
7.7
31.2
32.3
4.7
27.6
32.5
8.4
23.2
24.4
6.3
'29.7
'81.9
277.1
5,720.7
1
1
1
1
ALCOHOL
Ethyl alcohol and spirits:
Production
Stocks end of period
Denatured alcohol:
Production
Stocks, end of oeriod
See footnotes at end of tables.
mil ~ wine gal
do....
276.5
6.5
"462
SURVEY OF CURRENT BUSINESS
S-20
1981
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1982
January 1984
1982
Nov.
Annual
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
132.8
1257 1
407.8
492.7
4838
118.0
1 1944
388.9
495.9
441.1
CHEMICALS AND ALLIED PRODUCTS—Continued
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
Polyethylene and copolymers
Polypropylene
.
Polystyrene and copolymers
Polyvinyl chloride and copolymers
mil Ib
do
do
do....
do
1
1
1688.0 '13977
934
12 603 6 125480 10201
'4 007 8 '35150
3110
421.1
'5,915.2 '5,608.6
*5 618 4 '5 397 2
4524
913
10834
2864
352.1
4055
1019
10929
3513
405.8
3926
104.5
10503
3515
432.2
4520
5388
2316
1968
110.4
5699
2565
2029
110.5
115.0
112.2
105.1
1247
123.0
112.6
1197
1 137 1 1 1391 1 1570 1 143 3 1 1888 1 1367 1208 1
3458
3378
3630
3761
353 1 4099
3863
464.4
489.6
459.5
463.3
469.4
433.7
432.3
4875
4548
5435
4781
5132
5353
4927
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly
mil Ib
Paints, varnish, and lacquer, shipments: 0
Total shipments
Architectural coatings
Product finishes (OEM)
Soecial ouroose coatings
mil $
do.
do
do....
30036
25149
7 1553
30656
27635
1.326.2
7 1126
3 1134
25984
L400.8
5699
4850
1840
2023
98.6
424 4
1625
1784
83.6
4875
7228
3428
2478
132.2
5898
5375
7448
346 1
2545
144.3
8024
3803
2698
152.3
8935
4548
2804
158.2
7634
367 1
2443
152.0
r
8312
392.8
r
2720
166.3
7899
345.6
2829
161.3
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production:
Electric utilities, total
By fuels
By waterpower
mil kw-hr. 2,294,812 2,241,211 173,377 184 722 195 680 172 485 182 494 170,389 174,403 191 046 220 074 229 472 195 426 182 172
do 2 034 129 1 931 998 150 081 156 962 166 361 144 536 152 193 140 40! 143 210 160 353 192 041 203 649 173 715 161 446
do.
260 684 309,213 23,297 27760 29318 27950 30302 29988 31,193 30692 28033 25824 21711 20726
Sales to ultimate customers, total (Edison Electric
Institute) $
mil kw -hr 2 150 674 2 093 592
Commercial §
do.... 521 698 514,087
Industrial §
do
819 641 770 670
-Railways and railroads.
Residential or domestic
do
do....
Street and highway lighting
Other public authorities
Interdepartmental
.
do
do
do
Revenue from sales to ultimate customers (Edison
Electric Institute) $
mil. $..
GASf
Total utility gas, quarterly
(American Gas Association):
Customers end of period total
thous
Residential
Commercial
Industrial
Other
Residential
Commercial
Industrial
Other
.
Revenue from sales to customers, total
Residential
Commercial
Industrial
Other
..
501 648
123,083
199 884
603 471
153 091
208 702
4288
729,240
1007
170,052
1 191
193,729
953
160,273
1092
221,583
14683
53737
6230
14 188
55,729
5390
3757
13528
1351
3752
13,524
1211
3 170
12999
1286
3335
13955
1713
111016
121,127
29,219
30,803
29,515
38274
48013
48 418
48418
48918
48815
47915
44209
3570
186
48
44567
3620
183
48
44567
3620
183
48
44996
3689
184
48
44905
3679
183
47
44 154
3532
183
46
3302
4319
2694
2 252
1 151
614
1,483
54
1906
925
1,418
69
931
483
1,249
31
384
287
1559
22
tril Btu
..
526 540
125,226
187 908
4206
730,479
do
do .
do
do....
Sales to customers total
500 774
124,488
186 591
15380
14 196
do
do....
do....
do....
4601
2360
8,220
199
r
4738
r
2,462
r
mil. $..
56,340
r
63,331
16,179
22572
13897
10799
do....
do....
do....
do....
19,218
9231
27,246
645
r
23,662
r
11,629
r
27,294
r
6,406
3175
6,361
237
10,752
4996
6,475
348
5,560
2683
5,511
143
2615
1568
6521
94
6,815
181
746
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
Taxable withdrawals
Stocks, end of period
mil. bbl..
do
do-
Distilled spirits (total):
Production
mil tax gal..
Consumption, apparent, for beverage
purposes
mil. wine gal..
Stocks, end of period
mil. tax galImports
mil proof gal
Whisky:
Production
Stocks end of period
Imports
Wines and distilling materials:
Effervescent wines:
Production
Taxable withdrawals
Stocks end of period
Imports
See footnotes at end of tables.
13.31
1227
1322
14.77
1279
1389
14.56
1266
14.46
16.78
1507
16.05
15.54
1549
16.21
18.17
1684
15.84
18.47
17 01
1582
18.50
1685
1573
18.27
1735
1498
15.71
1484
1453
15.30
13 77
1430
138.07
13.95
11.24
11.14
10.91
12.89
11.82
11.19
923
562
624
1027
43.13
603.68
1175
51.68
604.43
829
29.82
605.23
1241
29.00
605.87
490
36.27
606.81
724
33.72
609.20
656
33.99
605.58
709
38.51
604.56
1546
31.98
566.89
648
3377
587.02
851
3380
590.45
7 35
1503
1097
91.25
53339
76.60
7.73
53369
8.18
6.63
53339
5.54
6.56
53296
9.59
7.52
53457
3.02
9.39
53538
4.95
8.73
53772
443
7.47
53341
4.83
6.20
535 11
1220
3.51
50007
412
3.72
524 63
611
4.76
52300
477
11 26
733
31.01
'29.17
13.15
835
2.70
2.85
14.02
1 13
2.50
3.99
13.15
129
2.80
1.45
14.31
101
2.16
1.01
15.16
051
227
2.28
15 14
062
323
1.14
17 18
077
284
3.67
1681
072
3 15
1.78
1708
080
326
1.39
1964
074
347
2.74
20 14
069
433
2.85
21 58
084
46623
363.64
60441
10760
r
555.08
r
400.80
69527
113.79
72.07
71.06
70562
11.94
2364
29.58
69527
1147
750
25.16
67070
12.42
6.12
26.42
65475
7.78
558
33.06
62077
8.41
545
32.56
58398
858
6 10
31.54
55434
935
683
3367
511 61
1087
433
2826
48730
968
2678
28 12
467 11
949
17221
2988
595 40
972
18820
190.23
27.96
961
7.39
10.09
9.87
7.62
7.26
444
786
1433
45 11
449.45
613.78
11793
96.68
54107
86.53
mil wine gal
do....
do
do
3073
27.27
1153
766
do
do....
do
do
do....
13.65
13 14
13.43
437.66
604.43
10603
152.03
2
mil. tax gal..
do
mil. proof gal..
Still wines:
Production
Taxable withdrawals
Stocks end of period ....
Imports
Distilling materials produced at wineries
195.01
17657
13.22
193.69
17670
12.95
2
r
1 21
1097
1 48
11 36
Dec.
SURVEY OF CURRENT BUSINESS
January 1984
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
1982
Nov.
Annual
S-21
1983
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
Stocks, cold storage, end of period
Price wholesale 92 score ( N Y )
Cheese:
Production (factory), total
American whole milk
mil. lb..
do....
$ per lb
1,228.2
429.2
1535
1,257.0
4668
(7)
300.0
4668
9
133.9
9
120.7
527.9
126.1
533.1
126.5
5497
121.1
576.1
109.6
588.5
94.7
588.4
83.9
581.8
84.2
5553
98.3
'528.9
98.8
5086
mil. lb..
do
4,277.6
26423
4,539.8
27505
1,141.5
6557
9
374.9
9
2332
352.6
2163
416.9
2557
408.1
2614
429.2
2781
436.0
2798
400.6
2577
380.7
2323
375.1
2133
392.1
2252
387.8
2210
10155
9
9282
244
10735
9850
175
1.666
.
Stocks, cold storage, end of period
do
American whole milk
do
Imports
do. .,
Price, wholesale, cheddar, single daisies
(Chicago)
$ per lb..
Condensed and evaporated milk:
Production case goods
mil lb
Stocks, manufacturers', case goods, end of
period ...
. mil lb
Exports
do
do. ..
$ per 100 lb..
9635
8808
2693
287
9635
8808
468
1.672
1.684
1.686
1686
1680
7579
7349
1816
9
460
519
519
9
34.9
193
03
135 795
79,098
13.60
927
13143
1022
14006
243
2969
do
do ...
60
86.7
60
93.3
60
93.3
Exports, whole and nonfat (human food)
do....
Price, manufacturers' average selling, nonfat dry
milk (human food)
$ per lb
198.0
187.8
0939
*0936
3,918.3
3,524.8
mil lb
. do
Stocks, manufacturers', end of period:
Dry whole milk
Nonfat dry milk (human food)
13.90
22.4
32854
18445
13.90
1.666
1.666
1.675
1.684
1684
1.684
1.691
1.699
517
574
597
616
620
544
512
489
504
551
514
484
607
746
75.7
940
1015
941
820
542
01
02
04
04
0.5
0.3
04
05
05
07
09
11 292
6760
13.80
10627
6400
13.80
12036
7409
13.60
11933
7293
13.50
12487
7672
13.30
12033
7788
13.20
11894
7,160
13.20
11639
6,762
13.30
11309
6374
13.50
11382
6321
13.80
10960
6127
13.90
9
85
1177
76
1157
105
1350
91
1372
90
1568
88
1578
79
1457
90
127.5
91
1046
98
1048
104
993
9
50
84.4
50
814
50
895
54
990
58
91.2
59
99.2
49
85.8
44
69.7
44
67.9
46
63.1
19.5
38
92.5
2.9
27.9
23.6
22.9
33.0
19.0
22.9
47.3
36.4
35.6
0 940
0942
0942
0943
0941
0940
0939
0940
0936
0937
0937
329.4
318.2
310.9
279.8
254.5
275.1
248.9
220.3
285.6
286.6
310.5
9
9
10.4
10
i
1684
1.699
545
9
4967
1 1032 1 1167 1 1218 1 1438 1 1914 12277 1 256 7 1 236 5 12103 12001
10179 10308 10313 10419 10810 1 1200 1 1425 1 131 01 1043 10937
22.6
221
228
166
201
21.1
243
258
27.5
514
06
133 013
76391
13.80
Dry milk:
Production:
Dry whole milk
Nonfat dry milk (human food)
9
7096
6230
247.7
do. ..
Fluid milk:
Production on farms
...
Utilization in mfd. dairy products
Price, wholesale, U.S. average
4854
11325
"13.80
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat)
Barley:
Production (crop estimate)
Stocks (domestic) end of period, total
On farms
Off farms
Exports including malt §...
.
Corn:
Production (crop estimate grain only)
Stocks (domestic), end of period, total
On farms
. .
Off farms
Exports including meal and flour
mil. bu..
do
do
do....
do
mil bu
do....
do
do....
mil. bu..
... do .
do....
do .
Exports including oatmeal
do....
Price, wholesale, No. 2, white (Minneapolis)
$ per bu
Rice:
Production (crop estimate)
mil bags $•
California mills:
Receipts domestic rough
.
mil lb
Shipments from mills, milled rice
do....
Stocks, rough and cleaned (cleaned basis), end
of period
mil lb
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)
... .... $ per lb
Rye:
Production (crop estimate)
Stocks (domestic), end of period
.
Wheat:
Production (crop estimate), total
Spring wheat. ...
Winter wheat
Distribution quarterly @
4793
333 1
231.2
1019
do
do
Oats:
Production (crop estimate)
Stocks (domestic) end of period, total
On farms
Off farms
2
664
8 201 6
6967.7
50338
1,933.8
r2
8 359 4
r
8,284.2
F
6 016 9
r
2
2 1593
2
1 924 9
509.2
365.2
314.1
51.1
r2
620.5
r
4756
r
12.8
58
8
30
19
4
2228
4
142.9
4
2967
198.5
982
76
15
37
24
5190
3782
256.8
1214
'5160
'344.4
1716
799
02
2.0
1.3
6.0
142
81
91
8
4 292 4
1,954.9
2,267.3
1698
1738
r3
4,962.3
r3
3 133 3
3
r
6,247.3
r
r
8,284.2
r
6 016 9
r
1749
1615
1696
' 1,829.1
1576
149 1
4 203 8
4,928.5
30990
1,829.4
r5
3, 140.3
r5
l 531 7
5
' 1,608.6
1512
1237
1194
1429
1550
1964
8
r
4756
r
399.8
758
399.8
758
02
03
'r44230 2
191.5
4
'3338
'273.9
599
01
02
01
386
03
03
477.3
3785
322.5
560
'5053
'426.2
'791
02
04
03
01
05
0.1
(7)
!
2
1827
8
r2
153 6
3359
2,267
2913
1,619
273
63
139
47
140
103
189
162
145
152
240
166
105
186
216
172
213
122
393
309
12
510
503
462
503
491
428
385
381
268
351
246
269
12
211
405
10821
7,354
11482
7,020
714
542
720
550
588
403
712
569
526
668
357
495
325
529
216
672
135
458
951
450
2332
535
1,340
489
732
516
300
263
2763
3170
3232
199
3 170
307
3 186
2684
490
2451
446
1757
438
952
1 146
2162
550
360
488
624
2,569
460
2573
241
3064
316
1276
5,516
0256
0166
0155
0 180
0170
0165
0165
0165
0 170
0175
0175
0175
0.175
0.175
0175
2
18.8
79
378
0 175
r2
8
21.0
109
109
28.2
'463
80
(")
2
r2
8
2
r2
8
2,799
2
695
2,104
2526
2,812
2
700
2,112
2473
2,178.0
955.6
12224
r
2,520.7
r
Exports total including flour
Wheat onlv
do
do....
16477
1.610.8
15275
1.493.6
997
451
99
6,801
do....
do....
do
264.9
4181
293.9
1242
2,267.3
Stocks (domestic), end of period, total
On farms
Off farms
See footnotes at end of tables.
269.1
5224
4181
293.9
1242
959
mil. bu..
do
mil. bu..
do
do....
do
2
l 166 2
13545
960
94.1
470
646
'2,520.7
1,166 2
13545
1,877.1
'886.4
9907
889
88.5
1468
143.1
1550
146.3
1374
131.1
'6334
6
999
'41,540.7
r4
694.9
r4
845 8
1217
111.8
1027
95.3
2,425
8
432
1994
'2,966.1
1,248.8
'1 717 3
1218
112.0
1235
115.8
947
87.5
1276
119.2
2,324.5
1,010.9
13136
1229
114.8
1049
102.3
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
January 1984
1982
1982
Nov.
Annual
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS—Continued
Wheat flour:
Production:
Flour
thous. sacks (100 lb.).. 283,966
Millfeed
thous. sh. tons..
5,045
Grindings of wheat
thous bu
634,381
Stocks held by mills, end of period
thous. sacks (100 lb.)..
3,460
15,839
Exports
do....
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 lb
10.844
1
Winter hard 95% patent (Kans City)
do
10.347
POULTRY AND EGGS
Poultry:
Slaughter
mil lb
15,058
Stocks, cold storage (frozen), end of period, total
392
mil. lb..
238
Turkeys
do
Price, in Georgia producing area, live broilers
0.265
$ per lb..
Eggs:
Production on farms
mil cases §
194.0
Stocks, cold storage, end of period:
Shell
thous cases §
35
Frozen .
mil lb..
22
Price, wholesale, large (delivered; Chicago)
$ per doz..
0.690
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
2,478
Calves
thous animals
32,819
Cattle
do....
Prices, wholesale:
63.84
Beef steers (Omaha)
$ per 100 lb
64.26
Steers, stocker and feeder (Kansas City)
do....
77.25
Calves vealers (So St Paul)
do
Hogs:
87,850
Slaughter (federally inspected)
thous. animals..
Prices:
Wholesale, average, all weights (Sioux City)
$ per 100 lb..
44.29
Hog-corn price ratio (bu. of corn equal in value
14.9
to 100 lb live hog)
Sheep and lambs:
5,789
Slaughter (federally inspected)
thous. animalsPrice, wholesale, lambs, average (Omaha) t
$ per 100 lb..
52.23
MEATS
Total meats (excluding lard):
38,675
Production
mil lb
578
Stocks, cold storage, end of period
do....
1,847
Exports (meat and meat preparations)
do....
1,832
Imports (meat and meat preparations)
do....
Beef and veal:
Production total
do
22,629
266
Stocks, cold storage, end of period
do....
486
Exports
do
1,317
Imports
do....
Price, wholesale, beef, fresh, steer carcasses,
0.998
choice (600-700 Ibs.) (Central U.S.)
$ per lb..
Lamb and mutton:
328
Production, total
mil. lb..
11
Stocks, cold storage, end of period
do....
Pork (excluding lard):
Production, total
mil. lb.. 15,719
264
Stocks, cold storage, end of period
do....
347
Exports. .
do
Imports
do
432
Prices, wholesale:
Hams, smoked
Index, 1967 — 100..
266.5
1.137
Fresh loins, 8-14 lb. average (N.Y.)
$ per lb..
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)
thous. Ig. tons..
245.0
1.085
Price, wholesale, Accra (New York)
$ per lb..
Coffee (green):
Inventories (roasters', importers', dealers'),
end of period
thous. bags 0
(33)
Boastings (green weight)
do....
()
16,555
Imports, total
do....
From Brazil
do
3,243
1.594
Price, wholesale, Santos, No. 4 (N.Y.)
$ per lb..
5,171
Confectionery, manufacturers' sales @
mil. $..
Fish:
Stocks, cold storage, end of period
mil. lb..
350
See footnotes at end of tables.
28,861 r27,423
'502
536
65,014 '61,869
26,087
473
58,341
'3,599
3,621
3,469
1,122
1,367
1,259
284,965
5,137
640,158
23,867
429
53,778
24,473
441
54,783
24,425
445
54,765
23,393
425
52,713
26,787
488
59,111
24,118
438
53,866
25,759
460
58,064
25,088
449
56,734
24,700
445
55,238
4,276
14,518
824
4,276
185
1,587
3,734
3,760
2,692
4,256
3,193
3,490
4,172
3,293
10.545
10.600
10.463
10.450
10.163
10.200
10.300
10.753
10.813
10.950
11.213
15,146
1,270
1,223
1,221
1,110
1,342
1,274
1,327
1,409
1,247
1,435
345
204
2
329
2
194
313
188
326
185
346
192
357
210
410
256
480
323
532
384
578
432
601
'460
376
252
282
163
0.235
0.240
1
345
204
0.250
0.235
193.6
48.4
34
25
0.668
0.662
2,729
33,907
64.22
62.79
77.70
79,328
(33)
()
r
l,357
r
0.265
0.245
0.240
0.255
0.270
0.295
0.310
0.335
0.275
0.315
0.335
16.4
14.8
16.4
15.5
15.8
15.3
15.6
15.6
15.1
15.7
15.4
16.0
34
25
2
35
2
28
25
28
18
25
23
24
32
23
44
23
24
21
25
19
25
16
'45
14
18
13
15
11
0.641
0.602
0.627
0.662
0.649
0.684
0.680
0.662
0.744
0.762
0.779
0.884
0.986
2
221
2,893
204
2,554
246
2,828
202
2,615
194
2,820
211
2,992
214
2,736
262
3,220
258
3,160
259
3,107
266
2,905
262
3,001
59.33
63.70
75.88
61.20
66.34
75.00
64.03
66.71
75.50
67.70
65.90
77.12
67.51
63.88
76.00
65.90
60.41
71.00
62.22
58.21
75.00
61.27
59.58
75.00
59.19
55.81
73.38
59.58
56.97
66.75
59.41
58.12
67.50
62.85
61.00
67.50
6,421
5,762
7,339
7,010
6,816
6,928
6,270
7,082
7,268
7,829
8,152
7,515
2
726
8,762
58.91
61.24
75.00
3,095
59.82
59.17
78.40
20,068
2
2
55.21
53.90
55.23
57.24
57.78
51.37
47.84
47.40
45.73
45.81
49.77
46.05
41.64
38.81
46.53
22.4
24.6
23.7
23.4
21.9
18.6
16.0
15.1
14.4
13.9
13.9
13.3
12.8
'11.8
14.3
45.46
47.62
37,266
554
1,566
2,015
143
124
9,659
554
115
114
22,789
302
540
1,446
56
67
5,928
302
43
69
1.013
0.929
0.926
53.03
2
1,634
6,273
509
457
617
508
508
508
497
585
595
580
510
536
53.50
58.50
59.75
58.75
59.00
53.00
51.12
49.25
48.50
51.75
56.00
57.75
2
2,786
571
104
177
3,268
581
136
170
3,038
603
133
178
3,146
614
115
187
3,276
591
118
176
2,985
570
121
189
3,439
544
99
181
3,436
536
130
171
3,527
'577
127
169
3,474
668
134
123
3,388
679
2
1,961
2
310
44
153
1,738
315
42
127
1,929
306
55
112
1,758
285
46
123
1,890
272
40
131
1,999
261
44
122
1,838
259
46
134
2,155
275
42
128
2,129
277
58
117
2,107
287
53
112
1,977
325
59
71
2,007
334
0.939
0.966
1.006
1.078
1.050
1.024
0.977
0.950
0.921
0.912
0.916
0.998
30
2
8
27
8
36
8
30
8
30
9
29
9
28
8
33
9
33
9
32
9
29
10
30
10
1,159
2
224
15
50
1,021
216
18
42
1,303
235
21
49
1,250
273
32
48
1,227
293
22
47
1,249
280
22
46
1,119
253
19
46
1,251
214
16
45
1,274
210
16
45
1,389
'240
23
50
1,468
295
23
44
1,351
301
3,151
2
573
114
208
2
356
9
93
9
14,121
219
282
498
22
51
3,638
219
19
40
306.3
1.277
342.0
1.232
353.2
1.229
330.6
1.291
324.1
1.369
315.2
1.219
290.1
1.180
281.5
1.162
275.5
1.173
269.2
1.144
'273.2
1.156
279.2
1.129
281.9
1.062
283.0
0.954
299.8
1.070
194.2
0.924
14.4
0.820
17.4
0.850
46.0
0.910
42.7
1.020
19.0
0.990
3.8
0.960
14.4
1.000
11.1
1.200
9.6
1.100
7.2
1.220
6.1
1.050
5.3
1.108
7.7
1.150
1.270
17,416
3,372
1.420
5,582
1,356
196
1.330
521
1,602
346
1.330
479
1,556
384
1.330
(3)
1,332
310
1.330
1,373
232
1.330
1,253
259
1.415
1,502
292
1.415
1,034
229
1.415
1,319
246
1.415
1,230
310
1.430
1,532
344
1.430
1,685
307
1.430
1,380
240
1.430
1.430
383
386
383
347
306
298
285
294
318
369
416
420
'423
414
"430
2
SURVEY OF CURRENT BUSINESS
January 1984
1981
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1982
Annual
S-23
1983
1982
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOOD AND KINDRED PRODUCTS; TOBACCO—Cont.
MISCELLANEOUS FOOD PRODUCTS—Cont.
Sugar (United States):
Deliveries and supply (raw basis):
Production and receipts:
Production
v
thous sh tons
Deliveries total
do
For domestic consumption
do..
Stocks raw and ref* , end of period
do
Exports raw and refined
sh tons
Imports, raw and refined
thous sh tons
Prices, wholesale (New York):
Raw
$ per Ib
Refined (excl. excise tax) ...
do
Tea, imports
..
thous Ib
TOBACCO
Leaf:
Production (crop estimate) '
mil Ib
Stocks, dealers' and manufacturers',
end of period
mil Ib
Exports, incl. scrap and stems
thous. Ib..
Imports, incl. scrap and stems
do. ..
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
millions
Taxable
do.
Cigars (large) taxable
do
Exports, cigarettes
do....
5 157
10922
9,731
3311
979 157
5054
(4)
(44)
(4)
()
58512
2616
1299
167
837
133
1624
164
934
219
1308
140
1236
238
984
333
11555
139
10506
242
45455
193
55973
339
29866
322
16605
333
0198
0.303
190,254
(44)
()
182,613
18,222
12,567
13,748
15,092
14,170
15,799
16,018
10,931
12,159
11,747
15,025
16,531
13,600
*2064
'1982
5080
575,255
335,920
5371
562,260
295,740
92,236
29,126
5371
50,528
11,714
24,189
23898
38,339
19,565
5290
45,958
23,013
43,953
29,965
33,631
24,428
4990
32,728
22,307
28,635 ; 36,045
28,582 27,161
5209
26,430
21,462
51,706
35,975
87,912
37,916
92006
638,114
3258
82,582
82078
614,017
3056
73,585
6766
49,538
261
6,144
5915
33,075
220
5,589
6828
48686
229
5,614
6091
42,701
197
5,811
5590
54,360
255
4,249
4260
47,466
216
4,319
5828
47,854
261
4,687
7411
60,448
299
6,119
4678
42,985
211
4,671
5 980
54,516
309
4,608
6294
52,532
286
5,318
5743
49,628
272
4,941
5,190
12,715
14,027
12,400
5
1 411
LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather
thous sq. ft..
Price, producer:
Sole, bends, light
index 1967 — 100
LEATHER MANUFACTURES
Footwear:
Production total
....
thous pairs
Shoes, sandals, and play shoes, except athletic
thous pairs
Slippers
...
do.
Athletic
. . . .
do
Other footwear
do
Exports
do....
Prices, producer:
Men's leather upper, dress and casual
index, 12/80=100..
Women's leather upper
index, 1967 — 100..
Women's clastic upper
index. 12/80-100..
159,804
9,726
10,786
11052
12,453
15,078
15,200
13492
14,868
12,013
13,099
342 380
192,193
2
306.7
6
6
27090
24388
27 831
31757
31470
27001
29970
28472
22528
30,372
r
29 835
29390
6
6
260
840
6
64,892
8
16,648
6
3703
7,717
20090
5,665
1335
335
635
19268
3,728
1392
245
536
21 161
5133
1537
433
497
24423
5,138
2196
447
436
23859
5723
1888
534
637
20702
4,616
1683
561
553
23 125
5,176
1669
540
1
486
22139
5,020
1313
446
546
18 803 23,465
5,811
3,021
704 i 1096
308
346
591
520
r
23375
r
5,585
r
r875
397
506
22331
5956
1 103
400
539
454
105.2
215.8
97.9
107.0
221.8
99.8
104.5
221.8
99.2
105.2
218.5
99.1
106.9
219.5
98.8
106.6
220.4
98.8
107.0
224.3
99.9
104.6
224.6
99.9
107.6
222.6
99.8
107.3
221.8
101.1
107.8
222.2
102.0
107.9
224.4
102.2
107.9
224.5
102.9
108.0
224.0
102.9
371 997
284
397
6
69,769
6
17
831
6
3355
9,688
103.1
214.4
99.6
r
LUMBER AND PRODUCTS
LUMBER—ALL TYPES #
National Forest Products Association:
Production, total
mil. bd. ft..
Hardwoods
do....
Softwoods
do
Shipments, total
do....
Hardwoods
.
do
Softwoods
do
Stocks (gross), mill, end of period, total
do ..
Hardwoods
do
Softwoods
do
Exports total sawmill products
do
Imports, total sawmill products
do....
SOFTWOODS
Douglas fir:
Orders new ..
....
.. . mil bd. ft
Orders unfilled end of period
do
Production
do
Shipments
do
Stocks (gross), mill, end of period
do....
Exports total sawmill products
do
Sawed timber
do
Boards planks scantlings etc
do
Price, wholesale:
Dimension, construction, dried, 2" x 4", R.L.
$ per M bd ft
See footnotes at end of tables.
3
3
26,960
3
5,077
21883
3
27,163
3
5 261
21902
5724
1761
3963
2,247
391
1856
2,353
398
1955
5,881
1783
4098
2,004
337
1667
2,162
360
1802
5,724
1761
3963
2484
397
2087
2,435
419
2016
5770
1735
4035
2,481
412
2069
2,290
437
1853
5,950
1699
4251
2,682
394
2288
2,632
435
2 197
5997
1655
4342
2,623
374
2249
2,683
452
2231
5924
1564
4360
2,645
396
2249
2,775
431
2344
5824
1556
4268
2,718
444
2274
2,764
452
2312
5,772
1542
4230
2,585
458
2 127
2,537
465
2072
5817
1532
4285
2,714
504
2210
2,669
498
2 171
5,858
1534
4324
2748
497
2251
2737
483
2254
5870
1549
4321
2,787
502
2285
2795
489
2306
5862
1562
4300
9,518
9,421
916
781
879
933
1,055
885
1,153
1,099
1,048
1,090
1,057
1,118
1,092
6,393
429
6395
6463
844
523
129
394
5,976
612
5743
5793
862
471
125
345
568
572
505
506
907
31
6
25
533
612
448
493
862
39
8
31
683
707
642
588
916
41
11
30
505
666
612
546
982
45
7
38
656
698
697
624
1,055
51
16
35
635
684
682
649
1,088
60
17
43
714
692
693
706
1,075
63
16
48
675
648
644
719
1,000
50
10
39
584
636
613
596
1,017
34
9
25
543
567
583
612
988
54
14
41
717
639
671
645
1,014
35
7
28
642
625
676
656
1,034
48
11
37
529
599
581
555
1,060
46
5
40
29,592
3
6,835
22757
3
29,491
3
6655
22836
5927
1945
3982
224.2
102.9
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
January 1984
1982
Annual
Nov.
1983
Jan.
Dec.
Feb.
Mar.
Apr.
June
May
Aug.
July
Sept.
Oct.
Nov.
Dec.
LUMBER AND PRODUCTS—Continued
SOFTWOODS—Continued
Southern pine:
Orders new
. . . mil bd. ft..
Orders, unfilled, end of period
do....
Production
do
Shipments
do....
Stocks (gross), mill and concentration yards, end
of period
mil bd ft
Exports total sawmill products
thous bd ft
'6016
418
438
512
435
488
438
590
476
486
486
615
528
571
529
642
556
534
511
546
502
571
487
599
503
628
506
6143
'6 129
'6186
'5996
513
515
505
485
521
552
515
476
561
573
550
570
584
615
594
579
570
555
598
586
551
583
586
625
1284
227 020
1474
245 221
1454
22203
1474
1444
1451
1419
21244
21552
1449
15832
1461
12346
1390
18375
1434
16511
1429
19753
1483
18314
1471
20273
20057
16349
20326
7235
219
6880
324
6681
6,775
650
363
515
324
661
390
568
389
718
422
709
426
781
439
728
432
654
413
717
409
814
444
768
446
616
432
587
651
495
554
601
595
636
569
710
685
713
705
722
768
767
735
705
673
784
721
789
779
764
766
666
630
1,055
1,114
1055
1,061
1,128
1,153
1,161
1,115
1,147
1,179
1,242
1,252
1,250
1,286
48
6.2
67
8.0
9.3
64
6.5
8.7
65
8.7
8.4
64
8.5
7.3
65
8.4
6.4
75
9.0
6.6
67
7.1
5.4
68
8.9
5.3
60
8.8
4.9
7.3
9.0
4.8
67
8.1
4.7
101
688
100
805
2
108
562
1
100
624
99
720
1
110
575
1
'6 128
1
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
Western pine:
Orders new
Orders unfilled end of period
mil bd ft
do
7261
7,342
1,104
Production .
.
do
Shipments
do....
Stocks (gross), mill, end of period
do....
Price, wholesale, Ponderosa, boards, No. 3,
1" x 12" R L (6' and over)
$ per M bd ft
HARDWOOD FLOORING
Oak:
Orders unfilled end of period
Shipments
...
Stocks (cross), mill, end of oeriod
mil bd ft
... .
do
do....
28
48
83.1
10.1
75.0
12.0
34
6.3
10.9
12.0
86
7.3
5.5
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
Scrap
Pig iron
thous sh tons
do....
do
2904
6,415
16
1842
6,804
54
Imports:
Steel mill products
Scrap
Pig iron
do....
do
do....
19,898
'562
433
'16,663
474
322
1,258
1,090
1,098
1,158
38
11
27
13
35
5
29
7
'43 260
'41,981
1
S5 097
8,118
27 127
'27,520
'56 386
6,418
1924
1,773
3757
6,479
1687
1855
3611
6421
1832
2223
4257
6143
9017
100.50
6151
66.71
4894
51.50
4861
51.50
73,174
'72,181
28,328
'35,433
'35,756
'14,501
1728
3,065
898
96645
94958
5,546
60243
12734
36,203
6571
775
49872
55233
3,178
52621
12129
29,923
5750
477
'73 570
75040
Iron and Steel Scrap
Production
thous sh tons
Receipts net
do....
Consumption
do
Stocks end of period .
do...,
Prices, steel scrap, No. 1 heavy melting:
Composite
$ per Ig ton
Pittsburgh district
do...,
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous Ig 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 (domestic)
do....
Stocks total end of period
do
At mines
do
At furnace yards
.
do....
At U S docks
do
Manganese (mn. content), general imports
do....
Pig Iron and Iron Products
Pig iron:
Production (including production of ferroalloys)
thous sh tons
Consumption
do
Stocks end of period
do
Price basic furnace
$ per sh ton..
Castings, gray and ductile iron:
Orders, unfilled, for sale, end of period
thous sh tons
Shipments,
total
do....
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh. tonsShipments total .
.
.
do....
For sale
do....
See footnotes at end of tables.
1
859
r
!06
620
21
97
375
(2)
95
625
1
92
372
(2)
89
563
1
(2)
(2)
1,182
1,353
58
1
63
25
1,297
71
39
1,411
58
3
1,617
42
5
1,512
44
C
18
1,755
49
C
40
1877
2,488
4396
6,069
2395
2,913
5157
6,117
2247
2,723
5029
5,969
2376
2,817
5233
5,905
2286
2859
5098
5920
2181
2529
4762
6000
2368
2620
5009
6042
r
2409
r
2700
r
5111
r
6062
2459
2955
5529
5838
55 19
62.50
61 13
68.00
7050
79.00
6864
77.00
6000
67.50
6621
72.50
6703
74.50
7021
79.50
73 13
8350
7269
82.50
6364
85.00
2365
1569
826
2463
395
463
1970
2314
622
320
477
206
3165
2876
567
3991
5,323
1,245
4260
5,592
1,411
4034
5,986
1,556
4034
5,542
1,448
3 189
4,002
1,035
3207
4,749
1,934
1,374
3395
3664
486
52647
16098
30953
5596
32
2655
3565
235
52621
16948
29923
5750
15
674
3882
£'P
1268
5201
37
3852
5406
(2)
37498
16495
17,292
3711
20
6729
5560
C
616
37 192
15163
18,534
3495
38
6992
5267
C
345
37385
13832
20,508
3045
45
7346
5449
C
313
36951
11647
22,332
2972
50
6209
5272
=516
35312
10093
22 187
3032
28
5462
45534
12997
26896
5641
61
646
3978
2
42,624
14345
22,904
5375
29
474
35716
9308
23415
2993
46
6265
5667
C
218
34729
7769
23,922
3038
56
'43 136
'44 409
2648
2837
603
2712
2883
3192
3266
4206
4260
627
4333
4336
625
4376
4480
637
4090
4214
589
4213
4303
591
4159
4317
659
3264
3175
641
4245
580
r
533
8,215
'4641
r
r
586
r
r
533
r
r
451
263
570
625
366
586
662
377
551
813
452
545
759
446
548
818
484
572
810
477
609
707
417
r
630
r
864
r
533
626
841
501
14
13
18
7
14
18
6
17
21
7
16
23
2
19
27
9
23
24
8
15
25
9
16
24
7
19
19
5
23
23
8
27
20
9
(2)
39615
16184
18,909
4522
5171
C
206.00
736
11,801
6587
32
422
200
114
671
(2)
78
1
580
1,113
106
564
1
r
r
284
'119
518
331
1,835
62
14
6244
5242
1
25,061
3401
39
91.50
S-25
SURVEY OF CURRENT BUSINESS
January 1984
1981
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1982
1983
1982
Nov.
Annual
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
METALS AND MANUFACTURES—Continued
Steel, Raw and Semifinished
Steel (raw):
Production
thous. sh tonsRate of capability utilization
percent
Steel castings:
Orders, unfilled, for sale, end of period
thous sh tons
Shipments total
do
For sale total
'
do
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous sh tons
By product:
Semifinished products
do....
Structural shapes (heavy) steel piling
do
Plates
do
Rails and accessories
. .
... do..
Bars and tool steel, total
do..
Bars- Hot rolled (incl light shapes)
do
Bars' Reinforcing ...
do..
Bars' Cold finished
do
Pipe and tubing
do
Wire and wire products
do....
Tin mill products
do
Sheets and strip (incl electrical) total
do
Sheets' Hot rolled
do
Sheets' Cold rolled
do
By market (quarterly):
Service centers and distributors
do .
Construction incl maintenance
do
Contractors' products
.
.
. do..
Automotive
do
Rail transportation
. do..
Machinery industrial equip tools
do
Containers packaging ship materials
do
Other
do
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
Consumers (manufacturers only):
Receipts during period
do
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
i
thous sh tons
Recovery from scrap "f"
• do
Imports (general):
Metal and alloys crude
do
Plates sheets bars etc
do.
Exports:
Metal and alloys crude
... . do.
Plates sheets bars etc
do
Price primary ingot 99 5% minimum $ per Ib
Aluminum products:
Shipments:
Ingot and mill prod (net ship )
mil Ib..
Mill products total
.
..
do....
Sheet and plate
do
Castings
do....
Inventories, total (ingot, mill products, and
scrap) end of period
mil Ib
Copper:
Production:
Mine recoverable copper
thous met tons
Refinery, primary ...
...
do
From domestic ores
do
From foreign ores
do
Secondary, recovered
as refined
do
Imports (general):
Refined, unrefined,
Refined
do
Exports:
Refined and scrap
do....
Refined
do
Consumption, refined
(by mills etc )
thous sh tons
Stocks refined end of period
do
Price, electrolytic (wirebars), dom., delivered
$ ner lh..
See footnotes at end of tables.
1
120,828
783
X
373
1 743
1558
74 577
484
4546
359
4456
340
5570
434
5676
490
7127
555
7292
589
7412
579
6,993
565
6,921
543
7,020
55.1
7,134
578
171
56
50
160
45
39
162
53
48
157
53
47
165
62
56
152
57
50
157
63
57
159
62
57
156
52
48
145
r
60
r
56
143
62
58
160
1r 017
916
7,692
60.2
87014
59783
4088
4 234
4583
4588
5969
5399
5612
5986
5045
5789
5893
6078
6014
5,598
4903
7397
1,458
13,828
^770
4371
1620
10286
1,694
4927
36924
13451
14396
3,408
3424
4136
782
9,440
X
4857
3,526
1013
5026
1,332
4321
27914
9052
11 132
260
237
260
49
639
280
293
64
224
89
266
2063
637
832
255
210
260
51
615
312
241
59
220
83
294
2247
656
974
229
237
254
42
756
415
253
85
232
98
380
2355
769
941
278
239
251
55
756
366
232
75
224
99
321
2366
797
940
297
206
341
81
1,078
588
422
94
283
131
406
3 045
1000
1239
298
240
305
78
892
446
350
92
252
124
369
2841
958
1 126
327
271
304
70
980
526
355
96
262
122
372
2905
982
1 145
360
307
326
70
996
522
371
100
273
130
379
3 144
1086
1222
296
256
280
67
828
402
340
83
240
111
328
2640
881
1003
307
268
320
82
1,047
563
381
99
273
115
371
3005
1,001
1 181
378
326
338
86
1,016
571
337
104
290
119
351
2,989
984
1 166
365
306
362
74
1,146
623
405
114
305
119
325
3075
1,051
1 192
358
338
366
83
1,018
569
331
113
309
109
313
3 120
1,061
1239
17637
8446
3230
13154
2 162
4624
5292
32469
42972
6260
2290
*9295
1030
2582
4471
120 883
r
300
224
113
74
81
53
54
r
238
r
93
r
58
r
224
81
53
3,878
1,613
628
3 004
240
558
1,136
5671
3,915
1644
659
3024
245
594
1,183
5732
3539
1370
634
2453
203
538
1133
5270
3029
1379
543
2036
159
446
837
4201
2
1,408
2
560
2
211
1 118
78
204
344
2 154
221
219
219
22.3
233
23.2
23.8
24.2
24.0
24.5
81
51
79
53
78
52
78
5.4
80
5.6
7.8
5.5
8.0
5.7
8.0
5.8
7.9
5.8
8.2
6.0
2
1,472
2
557
*225
1,114
86
226
338
1995
47
47
47
47
47
48
47
51
51
53
54
54
55
59
r
705
r
713
43
'534
'54 7
r
40
r
37
r
r
43
r
31
r
33
42
42
41
40
40
42
41
49
48
44
47
44
46
46
44
47
4.5
44
48
3.8
37
50
4.3
41
49
4.1
42
48
3.8
39
4948
1973
3609
4836
266
144
275
138
279
145
246
141
273
157
270
154
292
153
288
159
313
144
327
156
'330
158
353
167
^io 7
4425
16794
'2143
601
182
478
175
531
221
470
217
366
737
218
933
25.1
914
21.6
795
23.7
724
22.8
624
22.3
64.1
30.5
70.1
21.5
3442
'2819
07600
M012
12090
07600
421
121
07600
273
126
07600
561
139
07600
134
132
07600
154
206
07600
51.2
159
07600
9.0
136
07600
16.4
140
0.7600
40.9
134
0.7600
36.6
14.6
0.7600
45.8
159
0.7898
30.2
16.5
0.8100
56.0
15.8
0.8100
13237
10328
5978
1,581
11960
9108
5329
1,306
943
719
419
98
908
772
461
105
928
753
434
112
1 154
946
547
135
1046
865
503
117
1 198
1003
622
133
1,159
924
573
136
1061
878
552
104
1,224
r
890
r
522
123
1,202
872
514
128
6607
6200
6391
6200
6158
6093
5892
5744
5579
5439
5472
'5375
5,248
l 139 6
1227 1
10648
4622
r
897
1142
981
161
81 0
1028
854
175
907
1001
r
815
186
782
'985
r
793
192
920
1154
1004
150
890
1082
'893
189
967
108.9
r
909
180
899
116.9
100.6
163
r
78.5
r
699
r
807
86
'832
'85.4
'76.3
'90
898
88.5
71.9
166
945
94.9
80.5
14.4
6319
5702
568
446
5025
3593
15137
1259 8
423
262
397
219
506
340
426
270
655
441
947
716
739
45.0
744
54.0
682
50.8
76.0
49.6
416
28.1
47.6
30.7
40.3
30.0
340.6
281
381 1
350
343
08
228
11
33.4
134
14.5
07
19.6
15
23.0
20
21.4
32
21.3
2.9
30.9
18.1
35.6
13.4
13.7
4.1
28.0
14.2
10.3
2.8
2045
511
1790
668
0.8512
0.7431
0.8022
0.8402
0.8207
0.8349
0.8563
0.8184
0.8295
0.8054
0.7759
0.7239
0.6958
1 5382
4 544 0
44302
413 8
r
r
38
1 108
679
390
85
24:1
390
668
0.7297
0.7423
Dec.
S-26
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
SURVEY OF CURRENT BUSINESS
1981
1982
Annual
January 1984
1982
Nov.
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS-Continued
Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products
mil Ib
Copper wire mill products (copper cont.)
do....
Brass and bronze foundry products
do
Lead:
Production:
Mine, recoverable lead
thous met tons
Recovered from scrap (lead cont.)
do....
Imports (general), ore (lead corit.), metal
do....
Consumption, total
do....
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. met. tonsRefiners' (primary), refined and antimonial
(lead content)
thous. met. tons..
Consumers' (lead content) 0
do....
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. met. tons..
Price common grade delivered
$ per Ib
Tin:
Imports (for consumption):
Ore (tin content)
metric tonsMetal, unwrought, unalloyed
do....
Recovery from scrap, total (tin cont.)
do—
As metal •
do
Consumption total
do....
Primary
do
Exports incl reexports (metal)
do
Stocks, pig (industrial), end of period
do....
Price, Straits quality (delivered)
$ per Ib..
Zinc:
Mine prod., recoverable zinc
thous. met. tonsImports (general):
Ores (zinc content)
do....
Metal (slab blocks)
.
do
Consumption (recoverable zinc content):
Ores
do
Scrap, all types
do
Slab zinc: @
Production total $
thous met tons
Consumption, fabricators
do....
Exports
do
Stocks, end of period:
Producers' at smelter (ABMS)
do
Consumers'
do....
Price Prime Western
$ per Ib
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic), net, qtrly #
mil $..
Electric processing heating equipment
do....
Fuel-fired processing heating equip
do....
Material handling equipment (industrial):
Orders (new), index, seas, adj
1967 — 100..
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do....
Industrial trucks and tractors (internal combustion
engines), shipments
numberIndustrial supplies, machinery and equipment:
New orders index, seas, adjusted
1977=100..
Industrial suppliers distribution:
Sales index, seas, adjusted
1977 = 100..
Inflation index, not seas. adj. (tools, material
handling equip., valves, fittings, abrasives,
fasteners, metal products, etc.)
1977 = 100..
Fluid power products shipments indexes:
Hydraulic products, seas, adj
1972=100..
Pneumatic products, seas, adj
do....
Machine tools:
Metal cutting type tools:
Orders, new (net), total
mil. $..
Domestic
do
Shipments, total
do
Domestic
do....
Order backlog, end of period
do....
Metal forming type tools:
Orders, new (net), total
doDomestic
do
Shipments, total
do
Domestic
do...
Order backlog, end of period
do....
See footnotes at end of tables.
2622
2,847
471
2014
2,393
405
445.5
641.1
68.7
1,167.1
r
512.4
rl
X
571.3
50.1
rl
!0754
425
530
94
r
418
41.9
1.9
815
r
r
45 1
41.5
447
41.3
394
37.4
372
41.0
366
41.3
357
42.5
283
37.3
351
37.2
431
39.6
372
43.4
370
48.9
2.4
86.8
2.1
823
8.1
709
2.4
804
6.3
83 1
6.5
819
4.2
90.6
3.5
798
6.0
946
2.1
104.2
6.4
1023
5.2
667
r
83.3
75.0
75.9
75.0
75.3
73.6
65.3
59.0
59.5
64.5
65.4
68.5
71.5
69.1
79.5
123.2
73.5
r
97.2
73.6
77.4
73.5
77.4
78.1
80.0
85.6
783
80.4
79.0
83.5
77.5
93.7
725
89.4
86.5
86.5
729
75.5
625
59.3
662
56.3
689
58.8
03653
33.5
02554
37 1
02161
33.5
02047
279
02203
259
02112
216
02073
236
02117
200
02022
21.3
0 1941
252
01932
274
01946
248
02169
303
02538
232
45,874
15,438
1
88
1 931
27,939
2,233
12,372
1,008
1 641
192
53450
4500
38700
3200
'9357
241
3437
3,152
6.5392 6.1347
277
2,100
1,000
130
4400
3 100
173
3,434
886
116
4400
3 200
51
1,867
914
114
4700
3 400
34
2,365
971
176
4900
3600
3
2,845
954
171
4700
3500
382
3513
6.5070
298
3815
6.6772
235
3527
6.6710
122
2,056
986
188
4300
3 100
298
3931
6.5968
2757
1,055
242
4600
3400
375
4091
6.4838
45
3,325
1,130
200
4700
3 400
226
3,604
6.4510
207
2 147
368
4609
6.2443
51
2,778
1,118
207
4800
3500
311
3634
6.6707
71
3671
256
3,152
6.1434
45
3,578
1,008
197
4700
3500
221
4026
6.8759
4800
3 500
298
3074
6.4683
260
1
15S1
'54 373
140 229
6081
5,988
7.3305
312.4
^OO.S
257
23 1
250
229
255
229
223
210
200
239
22.9
237
117.7
^119
49.3
'4561
23
615
3.6
410
37
359
21
254
2.5
426
2.4
512
66
604
56
540
142
430
71
507
1.1
604
27
640
*606
2887
53 1
2081
47
17 1
47
168
47
172
38
167
52
144
51
146
49
144
44
135
44
134
33
169
20
167
34
174
X
3768
X
8409
03
*3025
'7095
03
187
537
18 1
508
01
182
618
14
224
667
235
64 1
01
447
81.9
04456
282
776
03847
246
620
03846
219
697
03860
470.0
106.9
225.4
'296.9
654
128.2
382.0
2492
2060
18734
19,784
13988
14,859
1299
1379
31,885
18553
1447
1
(2)
215
622
04039
207
599
(2)
221
658
03806
60.6
96
25.9
1507
227
688
(2)
194
704
03790
(2)
179
734
03800
192
756
03811
70.3
244
19.7
2158
1942
2227
218
657
(2)
204
709
03946
160
558
(2)
201
681
04001
232
645
(2)
136
715
04056
60.5
192
10.0
2469
227
672
(2)
96
749
04298
24 1
654
(2)
41
666
24 7
21 8
(2)
16 1
14 5
730
04611
04755
16 7
68.8
205
16.8
2489
2836
3443
2493
2719
123.4
94.6
84.1
83.6
84.7
83.9
85.9
88.2
91.6
100.4
103.1
104.1
105.0
106.6
109 1
142.3
120.9
106.8
100.7
103.5
104.2
107.6
113.5
112.0
111.6
112.2
121.0
121.6
119.0
121.0
119.4
144.3
153.1
153.5
153.7
153.9
154.6
154.8
155.1
155.1
155.3
155.1
154.5
154.8
154.9
155.5
156.3
279
249
208
202
166
184
143
174
169
182
168
183
178
190
180
185
192
194
197
198
197
193
208
207
223
235
229
231
238
263
2,228.10 1,064.45
1 945 80 88960
4 104 50 2 894 75
3,552.45 2 598 60
2,873.3
1,043.0
62.75
47 45
15570
13480
1,161.5
85.80
8420
20430
184 20
1,043.0
57.05
51 35
10740
9340
992.6
77.40
6955
12880
11670
941.2
89.65
84 95
13440
11970
896.5
79.25
7365
11295
10055
862.8
93.60
8820
9880
8860
857.6
96.45
88 45
145 75
11905
808.3
128.75
12465
75 40
6190
861.6
91.00
8265
8285
7275
869.8
716.75
61685
991 10
82420
427.0
433.30
371 75
70965
59975
150.6
25.45
21 90
3780
3370
175.3
35.15
3350
5985
4150
150.6
34.80
2895
4545
3805
140.0
20.10
1870
2955
2655
130.5
35.85
3250
41 85
3640
124.5
39.30
37 40
37 85
3500
126.0
41.70
3790
3705
3505
130.6
48.80
41 10
37 25
33 10
142.2
46.35
4200
3695
3395
151.6
46.25
42 00
30 15
2890
167.6
102.45 r'129.45 115.35
9860 l!5 60 107 65
94 10 r!02 05 107 25
85 50 rr93 15
96 15
878.2
913.6
905.6
53.35
49 55
3760
33 15
183.4
73.10
40 85
4335
4085
213.2
44.90
40 85
40 45
37 10
217.6
P
91.15
P
84 05
P
182
30
P
152
70
P
822.5
P
60.00
"48 30
05
35
221.6
P
56
P
54
P
S-27
SURVEY OF CURRENT BUSINESS
January 1984
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
1982
Nov.
Annual
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
METALS AND MANUFACTURES—Continued
MACHINERY AND
EQUIPMENT—Continued
Tractors used in construction, shipments, qtrly:
Tracklaying total
units
mil $..
Wheel (contractors' off-highway)
units
mil $..
Tractor shovel loaders (integral units only),
wheel and tracklaying types . ... ... units
mil $
Tractors, wheel, farm, nonfarm (ex. garden and
construction types) ship Qtrly
units
mil $ .
ELECTRICAL EQUIPMENT
Batteries (auto.-type replacement), ship
thous..
Radio sets production total market
thous
Television sets (incl. combination models),
production, total market
.
thous
Household major appliances (electrical), factory
shipments (domestic and export) #
thous..
Air conditioners (room)
do
Dishwashers
do....
Disposers (food waste)
do
Ranges
do....
Refrigerators
do
Freezers
do....
Washers
do....
Dryers (incl gas)
.
.
do .
Vacuum cleaners (qtrly )
do
GAS EQUIPMENT (RESIDENTIAL)
Furnaces gravity and forced-air, shipments thous
Ranges, total, sales
do....
Water heaters (storaere). automatic, sales
do....
15789
1,569.9
4309
410.9
7053
7935
2443
222.2
33369
16055
24 128
10223
141 170
34793
80785
24916
4796
1455
53,598
31476
54,214
31782
5,237
3221
18480
16 405
1 161
2
30,482
3692
2,484
3 179
2,328
4944
1,605
4,365
2977
7785
26,683
2761
2,170
r
2780
2,035
4364
1340
4,019
2728
7536
2,116
71
206
260
195
310
80
319
251
r
1417
1,496
2.785
1 156
1,368
3.041
127
114
236
365
226
208
160
405
307
(i)
(!)
(»)
O
234
160
251
154
r
(l)
(!)
784
69.3
727
66.5
r
284
r
7118
2495
4897
1574
4578
2203
5,280
2364
3,708
2159
3,070
2137
1229
1 151
1298
l,891
r
84
178
r
237
175
262
73
252
193
1812
2,179
89
213
264
190
363
103
364
260
138
126
257
129
108
274
475
33.9
797
71.2
515
49.9
31.7
C1)
(i)
5063
1812
556
48.8
(i)
(i)
(»)
C)
8489
307.7
5412
214.8
5738
142.8
4,032
2638
3,914
3095
5,100
3315
1938
1517
1610
2,597
300
259
249
252
463
112
416
282
2,897
265
276
298
248
520
136
399
264
1799
2,672
306
196
280
197
505
141
322
206
101
129
259
108
154
265
332
38
605.1
5092
1614
6626
2219
8673
314.5
3,730
2789
3,509
2266
3,720
2636
1561
1282
1313
2,158
130
197
294
183
336
97
353
251
2,744
309
248
309
232
403
117
420
283
2082
2,507
259
214
313
200
361
111
352
236
120
112
274
119
134
288
112
127
301
717
64.9
r
!3
838 12994
r
391.6
391.4
6,373
3218
6,548
4441
6,105
4249
2,303
2,050
1731
3,081
108
340
316
269
580
128
470
317
2,978
58
291
322
250
556
113
438
309
2214
3,046
32
311
360
265
494
85
412
323
2,820
52
302
393
254
410
72
377
313
113
104
238
146
128
248
176
156
239
197
136
280
169
134
253
358
79
613.3
449
115
610.4
433
117
610.4
139
610.4
93
611.7
612.0
833 523 63682 62726 61850 60257 68128 60361 62703 61991 56110 72524
703 561 56529 59881 62872 54353 55 153 52543 54 138 58123
592 591 47699 50814 53279 45699 46965 43497 45586 50274 60301 64079
7609
8733
7737
8248
8544
8114
8 135
8224
104 372
2732
2 586
3 143
3204
2810
2 740
2565
40859
2691
240
304
860
540
451
502
6598
695
843
189 085 190 551 189 085 184 936 184 595 185 308 187 208 190 767 190 742
175 053 176 308 175 053 171 725 172 205 173 740 175 251 178 422 178 006 162,277 155,708
14032 14 243 14032 13 211 12390 11568 11957 12345 12736
4 323
4 080
4805
4 442
4021
3718
4625
4625
4 892
6,043 r8,251
7,231
6,877
6,077
4,376
6,258
4465
105 244
7700
6020
531.3
533.2
530.8
532.0
529.2
534.6
534.6
534.3
531.5
530.4
535.5
69949
7,393
532.8
7,978
533.3
5,726
536.6
539.1
2735
6753
2,577
2,610
891
32
3,875
3577
298
966
45
1,110
49
47
2,641
675.1
3,733
676.1
2,970
676.1
3,237
676.0
3820
74
3737
76
3712
73
2
2
2
2
2
2
2
2
1,925
2,535
98
245
264
211
321
77
292
250
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Prodcution f
thous sh tons
Exports
do....
Price wholesale
Index 1967 — 100
Bituminous:
Production "j"
thous sh tons
Consumption total 1"
do
Electric power utilities
do
Industrial total
do
Coke plants (oven and beehive)
do
Residential and commercial
do
Stocks end of period total t
do
Electric power utilities
. ... . do....
Industrial total
do
Exports ..
Price, wholesale
.
do....
Index, 1967=100..
5423
2,249
5822
818 352
728 543
595 575
127 527
60888
5440
179 607
163 356
16251
6446
110 243
493.7
4588
980
6403
373
107
6380
410
43
6380
253
5
6360
230
2
6359
333
30
6342
269
28
6217
277
66
6031
COKE
Production:
Beehive and oven (byproduct)
thous sh tons
Petroleum coke §
. . .
do .
Stocks, end of period:
Oven-coke plants, total
do....
At furnace plants
do
At merchant plants
do
Petroleum coke
do...
Exports
do
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
number..
Price, wholesale
Index, 1967 = 100..
Gross input to crude oil distillation
units
mil bbl
Refinery operating ratio
% of capacity
All oils, supply, demand, and stocks:
New supply total 0
mil bbl
Production:
Crude petroleum
do....
Natural gas plant liquids
do
Imports:
Crude and unfinished oils
do
Refined products
• do .
Change in stocks all oils (decrease —)
do .
Demand total
do
Exports:
Crude petroleum
do
Refined oroducts
do....
See footnotes at end of tables.
2,218
5579
2,404
1,407
66
1,379
51
5,781
5,469
312
1,317
37
4,087
720.0
2,381
719.7
2,899
692.9
3644
71
3688
70
354 1
68
56082
483 1
461 3
3,128.6
6055
3,156.7
585 1
260.9
499
16542
534.2
63.4
6 078.1
13524
514.0
-53.7
5 880.4
83.2
133.9
863
211.2
42786
28486
28115
29908
6,724
6320
403
900
1251
2,611
6451
2,580
1,324
99
1,390
72
4,569
4,220
348
1,230
41
963
248
3,462
678.0
3,028
678.0
3,186
678.0
3,514
677.9
2,683
675.7
3080
65
3447
66
3499
69
3739
72
3782
75
3905
75
4566
3917
4305
4492
4690
4644
4937
505 1
4923
4828
266.5
520
267.7
534
2425
459
269.0
490
2606
463
2692
480
260.3
476
268.0
493
268.2
497
2600
497
268.3
516
1228
49.6
22.8
473.5
1007
42.0
-25.3
506.8
974
38.2
22.9
487.9
687
346
-209
437.8
751
374
-564
5048
1027
396
02
4676
1084
434
214
4680
1148
417
121
481.6
1283
481
249
4800
1382
49.0
332
4969
1365
461
248
4824
1151
47.9
197
481.2
7.9
15.7
6.0
20.7
3.6
26.5
7.3
16.9
5.4
19.4
26
21.6
8.7
17.6
4.3
18.9
4.5
13.2
53
15.2
53
15.2
4.3
13.5
2540
5509
2670
8,190
7858
331
1,344
1 109
1,338
66
8,190
7858
331
1,344
34
37,684
803.5
'40,300
733.4
3279
733.6
46542
69
4 4426
' 70
59225
r
2528
2,284
2,649
r
3,470
674.8
S-28
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
Annual
January 1984
1983
1982
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
All oils, supply, demand, and stocks—Continued
Domestic product demand total &
do
Gasoline ....
do .,
Kerosene
do
Distillate fuel oil
do
Residual fuel oil
do...
Jet fuel
do
Lubricants ..
do .
Asphalt
'
do
Liquefied gases
do ..
Stocks, end of period total
do...
Crude petroleum
do
Strategic petroleum reserve
do. .
Unfinished oils natural gasoline etc
do
Refined products
do....
Refined petroleum products:
Gasoline (incl. aviation):
Production ..
mil. bbl..
Stocks end of period
do
Prices (excl. aviation):
Wholesale, regular
Index, 2/73—100,,
Retail, regular grade (Lundberg/Platt's):
Leaded
. .... $ per gal.
Unleaded
do
Aviation gasoline:
Production
mil bbl
Stocks end of period ...
do .,
Kerosene:
Production
... .
do .
Stocks end of period
do
Price, wholesale (light distillate)
Index, 1967 = 100..
Distillate fuel oil:
Production
mil bbl
Imports
do. .
Stocks end of period
do
Price, wholesale (middle distillate)
Index, 1967=100..
Residual fuel oil:
Production
mil bbl
Imports
do .
Stocks, end of period
do....
Price, wholesale
Index, 1967=100..
Jet fuel:
Production
mil bbl
Stocks, end of period
do....
Lubricants:
Production
do. .
Stocks end of period
do
Asphalt:
Production
do...
Stocks end of period
do
Liquefied gases (incl. ethane and ethylene):
Production total
do
At gas processing plants (L.P.G.)
do...
At refineries (LR.G)
do...
Stocks (at plants and refineries)
do...
5861 1
2 415.6
4801
203.6
4800
2128
39
443 4
1958
441 g
2035
39
29
793
439
294
899
814
316
316
35
38
458
48
62
408
42
78
370
4623
211.0
26
697
40.5
32.1
4.4
177
39.8
4763
216.2
4619
201.8
29
4634
204.9
34
765
10325
762.0
3677
56.0
1240
535.0
55829
23961
470
9749
626.5
3696
510
1244
5473
4503
1976
42
742
47.7
316
48
89
475
1,483.6
5938
230.3
1773
712.5
1,429.9
6436
2938
1581
628.3
14552
6475
2900
1654
642.3
2,349 4
2062
23221
1968
1889
1919
2032
1968
1873
2109
1643
2099
1834
1862
6660
6125
6087
5985
5767
5514
115
27
89
23
07
25
04
23
07
26
436
110
420
104
43
113
44
104
1,039.8
996.4
985.9
9538
63.1
1915
9513
34.0
1786
858
1856
1786
1682
1477
1,058.1
1,012.7
1,041.5
1,054.5
985.3
4821
2921
78.0
1,239.0
3904
2831
66.2
1,182.0
297
306
25 1
232
66.4
66.2
1,139.3 1,144.0
290
214
60.7
1,056.6
177
53.1
1,034.1
3532
41.1
3570
36.8
305
40.6
294
36.8
312
41.7
282
40.5
303
42.2
294
40.2
312
41.3
313
41.3
319
41.7
314
40.2
328
41.8
312
43.4
606
143
516
125
44
126
36
125
42
140
14 1
37
4.0
131
42
127
45
121
44
117
46
116
11 4
47
47
110
49
106
123.5
1194
463
4577
1858
56
4136
1694
327
856
488
293
35
56
509
33
4
37
647
58
885
49.6
43
4584
211.1
23
758
770
39.7
32.2
808
334
4.6
203
4.9
177
5.2
144
2038
1874
198.4
1922
192.7
1903
571.2
567.6
560.5
09
2.4
10
2.6
10
2.5
08
2.4
2.2
80
2.5
85
2.6
83
3.5
92
4.3
102
897.1
894.3
882.8
880.7
879.4
888.3
65 1
758
764
806
810
817
83 1
1187
1032
1092
1138
1310
1435
1547
1633
927.4
874.2
813.4
838.1
879.4
876.3
'883.0
893.5
911.4
240
258
282
288
48.7
40.9
726
40.6
39.5
312
321
47
128
339
4.6
172
1867
1853
1987
1893
200.3
1858
208.8
1942
5335
5153
5372
559.5
566.6
05
25
06
25
07
24
07
24
09
2.5
94
41
38
88
39
89
27
83
27
82
992.1
975.2
959.4
939.2
908.4
823
717
598
617
14299 14528
6436
6615
2938
3006
158 1 1656
628.3
6257
30
14319 13754 13757
6722
6704
6836
3061
3118
3177
1661
1659
1664
539.0
5938
525.7
42.2
38.0
31.2
46.1
43.7
35.1
38.0
1397 1 1 409.3 1 434.2 1,467.4 1,492.1 1,511.9
6863
6827
7069
7126
7182
6814
340.7
361.0
367.2
332.5
351.8
3268
1718
1654
1640
1701
170 1
1646
557.5
587.6
590.4
609.4
621.8
551 1
r
549.4
537.1
884.5
880.4
901.0
891.3
249
239
244
248
219
20.3
21.2
196
219
207
50.1
51.9 r 48.3
49.7
51.4
1,034.2 1,052.4 l,081.6 1,174.9 1,193.1 1,200.7
1,184.7
(!)
(1)
3.4
13
22
213
223
46.6
46.3
987.5 1,015.7
44
220
50.9
987.7
5.3
8.0
93
7.6
7.9
59
84
244
107
273
123
270
25 1
149
151
229
162
192
151
17 1
133
164
490
51 5
43.0
437
470
459
40.5
479
478
487
487
523
85
76
100
108
106.1
37.6
11.1
112.5
467
84
106
118.2
109
118.9
120.7
75
159
5575
459.0
98.5
94.0
463
7.8
101.9
4
16
22 1
14 1
38.5
18
199
97
159
196
5734
458.6
114.8
134.7
4.4
r
94.0
4
64
83.6
36.1
81.2
37.9
91
82.8
36.2
97
86.0
37.9
96.1
37.0
36.1
37.8
41.7
107
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
thous cords (128 cu ft ) .
Consumption
do
Stocks end of period
do. .
Waste paper:
Consumption .
.
thous sh tons .
Stocks end of period
do
WOODPULP
Production:
Total all grades #
Dissolving and special alpha
Sulfate
Sulfite
... .
Groundwood
Semichemical
Stocks, end of period:
Total, all mills
Pulp mills
Paper and board mills
Nonpaper mills
Exports all grades total
Dissolving and special alpha
All other
Imports, all grades, total
Dissolving and special alpha
All other
See footnotes at end of tables.
thous sh tons
do. .
do
do.. .
do
do .
do....
do
do....
do
do
do
do
do....
do....
do
r3
79 336
r3
2
73 541
2
73
642
2
r3
2
79 350
'5,929
12,872
1010
5,304
r3
2
r
2
52 789
1,356
38
078
r
l,797
'5594
'3,753
122 436
902
48
833
2
1 104
36
089
2
1,434
2
5030
2
3257
2
964
2
531
2
1,081
540
486
54
432
(5\
3
3
S
3
3678
784
2894
3395
631
2763
247
55
192
285
51
234
234
59
174
271
30
240
332
58
274
346
78
267
312
40
272
324
50
274
289
31
258
289
60
229
328
30
298
314
77
238
252
61
191
3,894
162
3.732
375
18
357
264
8
256
309
23
286
265
9
257
338
20
318
301
11
289
378
23
355
357
12
345
327
20
307
350
9
341
332
11
321
431
15
416
362
7
355
3
3
3
3
4,086
201
3.885
S-29
SURVEY OF CURRENT BUSINESS
January 1984
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1981
1982
1982
Nov.
Annual
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades, total, unadjusted
thous. sh. tons.:
Paper
do
Paperboard
...
do
Wet-machine board
do....
Construction paper and board
do
Producer price indexes:
Paperboard
Building paper and board
4
66,440
4
30,850
4
31,582
4
160
4
1967—100
do
3,847
(55)
(5)
()
(55)
()
258.1
231.7
254.9
239.5
247.6
241.0
244.1
242.0
243.3
241.1
244.1
241.4
246.3
244.2
248.1
247.0
248.7
249.3
249.6
249.4
249.7
256.2
1,449
100
1,463
'1,469
91
1
1,459
121
93
126
108
91
112
122
96
115
103
100
108
128
106
123
122
101
127
126
94
129
131
99
128
r
250.1
252.1
252.8
252.8
255.5
254.7
257.9
254.7
135
114
118
163
145
129
131
151
132
'151
159
142
124
150
138
451
492
485
'517
477
r
535
442
419
500
r
729
r
794
727
770
Selected types of paper (API):
Groundwood paper, uncoated:
Orders, new
Orders, unfilled, end of period
Shipments ....
thous. sh. tonsdo....
. do
Coated paper:
Orders new
Orders, unfilled, end of period
Shipments
'.
do
do....
do
'4,853
360
4,940
'4,998
325
5,032
415
308
433
412
325
398
444
319
442
412
307
427
499
342
460
439
332
447
509
398
468
543
457
481
499
524
453
556
528
536
do
. do ..
'7,735
'8,234
'7,820
'8,187
656
695
642
649
704
735
686
682
833
805
743
759
751
762
744
762
755
676
782
786
720
748
Unbleached krafl packaging and industrial
converting papers:
Shipments
.... thous sh tons..
'3,880
'3,688
327
280
330
308
316
291
304
312
287
349
327
Tissue paper, production
do....
'4,518
'4,438
383
372
388
374
399
397
410
392
385
419
397
Newsprint:
Canada:
Production
thous metric tons
Shipments from mills
do
Stocks at mills, end of period
do....
8,946
8,915
194
8,117
8,074
250
657
691
395
599
744
250
685
604
331
653
605
380
680
676
384
695
713
366
724
683
407
727
796
339
699
679
359
726
696
388
4,753
4,735
38
4,574
4,525
86
373
389
102
330
346
86
403
370
119
378
350
147
406
394
159
364
362
161
399
404
156
372
395
133
378
395
116
416
415
118
Consumption by publishers 0
do
Stocks at and in transit to publishers, end of
period
thous metric tons
10,165
10,115
893
908
807
768
880
879
919
859
816
846
961
854
832
854
801
823
805
780
746
809
826
Imports '
thous sh tons
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
Index 1967—100
6,977
6,531
567
498
545
433
620
538
599
659
308.0
315.8
299.8
299.8
299.1
299.1
299.1
299.1
299.1
246,152
234,846
19, 179
17,540
19,980
18,715
21,891
20,466
20,777
Uncoated free sheet papers:
Orders /new
Shipments
United States:
Production
Shipments from mills
Stocks at mills, end of period
'
1
1
do
. do....
do....
Paper products:
Shipping containers, corrugated and solid fiber
shipments
mil so ft surf area
2
r
r
338
330
413
395
707
737
358
750
764
344
774
765
353
376
374
120
406
406
119
413
411
121
997
992
r
r
884
r
849
812
r
538
584
543
634
633
299.1
295.0
305.8
309.6
309.6
309.6
22,044
19,582
22,649
22,317
23,476
21,043
5686
10001
6704
9786
4879
9918
785
764
Folding paper boxes, shipments .... thous. sh. tons.,
mil. $..
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
Stocks end of period
thous metric tons
do
Imports, incl. latex and guayule
thous. Ig. tons-
Price, wholesale, smoked sheets (N.Y.) .... $ per lb..
Synthetic rubber:
Production
.
Consumption
Stocks, end of period
thous metric tons
do
do...
Exports (Bu of Census)
thous Ig tons
TIRES AND TUBES
Pneumatic casings, automotive:
Production
Shipments total
Original equipment
Replacement equipment
Exports
••
634.67
14243
66060
9542
662.41
5531
9377
49.63
48.54
62.11
63.44
65.20
50.41
31.90
44.22
67.83
71.06
0.485
0.578
0.578
0.568
0.545
0.583
0.593
0.605
0.605
0.583
17006
15819
28354
2444
16046
14632
283.84
171 13
14622
29434
3166
16450
15668
29082
15464 15050
13585 174 52
30477 276.24
163 16
17439
26234
20 14
2375
5601
9542
6450
9177
618.27
51.37
49.45
33.01
0.453
0.421
0.418
0.440
2 021 45 1 831 78 12237
1 889.71 1 744 83 13682
349.02
26966 29456
116 51
13606
269.66
15516
13170
28097
15386
14022
28476
3
0.576
33463
r
5528
8735
4887
9538
4453
9502
28462
2047
1886
2024
1861
thous.. '181 762 '178 500
201 105 201 236
do
do....
41,711
38633
do.... 153 716 158 688
5678
do
3915
40,863
39955
do....
13585
13972
14521
3,518
10606
397
15497
14 102
2458
11263
381
14992
15325
2,652
12337
336
38,436
39,955
2491
16,325
3922
9069
2015
2108
2201
16360
16,734
21 246
5003
15717
526
20532
4,870
15153
509
15473
12570
17879
3240
14354
285
16440
20 117
3,931
15686
500
42395
20431
4461
15586
384
39622
36989
35541
15370
18034
4232
13353
'499
17782
4,143
13185
454
15653
18907
4286
14202
'419
43839
15038
3,701
11031
306
45483
50287
51,921
5021
8329
2437
,
32854
31530
Exports (Bu. of Census)
do....
11,088
5971
377
474
308
352
424
392
436
306
270
360
447
391
485
Inner tubes, automotive:
Exports (Bu of Census)
do....
3428
1924
162
113
174
72
157
134
138
193
100
147
169
240
126
Stocks end of period
See footnotes at end of tables.
259.5
250.5
309.6
S-30
SURVEY OF CURRENT BUSINESS
1982
1981
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1982
Nov.
Annual
January 1984
1983
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
39053
32771
3452
3464
346.6
7,214
459
6007
7618
r
446
13,116 !2,515
514
13 115 12
6,663 r4,767
5814 '7192
r
555
638
11,725
11724
2506
8665
553
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments finished cement
thous bbl
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brickStructural tile except facing1
thous sh tons
Sewer pipe and fittings, vitrified
do....
Facing tile (hollow), glazed and unglazed
mil brick equivalent.
Floor and wall tile and accessories, glazed and
unglazed
mi sq ft
Price index, brick (common), f.o.b. plant or N.Y.
dock
1967—100
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
thous. $..
Glass containers: t
Production
thous gross.
Shipments domestic total $
do....
Narrow-neck containers:
Food
do....
Beverage
do .
Beer
do....
Liquor and wine
..
. do ..
Wide-mouth containers:
Food and dairy products
thous gross
Narrow-neck and wide-mouth containers:
Medicinal and toilet
do....
Chemical household and industrial
do
Stocks end of period
do...
GYPSUM AND PRODUCTS @
Production:
Crude gypsum (exc byproduct) . thous sh tons
Calcined
do....
Imports crude gypsum
do
Sales of gypsum products:
Uncalcined
do
Calcined:
Industrial plasters
do
Building plasters:
Regular basecoat
do
All other (incl Keene's cement)
do
Board products total
mil sq ft
Lath
do..
Veneer base
do
Gypsum sheathing
. .
. do .
Regular gypsum board
do..
Type X gypsum board
do
Predecorated wallboard
do
5/16 mobile home board
do
1
382 692 '343 463
27431
22718
18931
17660
25367
28383
33569
39415
37266
41931
39537
4,408.6
409
325.0
397.5
24
28.5
335.1
29
18.6
309.4
24
21.9
287.0
19
16.3
445.7
451.8
34
29.7
529.1
14
30.6
615.4
26
36.7
546.7
23
39.8
607.9
28
43.7
5900
34
412
(7)
(7)
(*)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
5 059.2
716
433.4
4
113
393
22
27.1
299.8
2948
24.9
23.9
232
247
298
279
31.4
29.9
27.1
305
277
3002
3125
3207
3207
3209
3209
3338
3377
3393
340.1
341.9
'3419
3430
952,283
871,331
236,813
309 376
307,113
23,477
23,003
18244
21,177
23335
23,086
23776
20656
28,728
60248
117,338
24003
27,658
61020
107,861
22265
1,889
4482
7,911
1937
1,810
4417
7,094
1686
2,155
4343
7,659
1846
2,031
3318
7743
1513
2,690
62404
63372
4965
4547
4864
25,119
2840
46,683
22322
2615
45,634
1,647
172
48,718
1,457
166
45,634
!0 538
11,243
6718
898
945
625
14 528
342
325 541
320,680
11497
11,687
7593
5
r
4904
370
*430
34
225
157
13759
59
325
208
9295
3446
122
304
(6)6
264
13093
39
286
264
8447
3486
119
453
(6)
«21
1 134
3
25
28
741
293
10
35
'238,331
228,658
238 501
25659
24,456
25513
26183
24804
26,737
24212
25,615
5 118
8,955
2039
2,241
4872
9,076
1754
2,496
5711
9,612
1912
2,467
6331
9,370
2005
2,008
5880
9,402
2069
4356
5129
4451
4829
5037
5010
2029
190
45801
1534
161
49092
1824
171
50022
1894
168
51269
1469
154
50604
1,354
173
49467
895
923
742
925
986
401
857
911
454
905
1,110
513
1053
1,131
636
1033
1,087
698
488
283
277
195
235
268
31
32
31
(8)
(6)
6
20
1218
3
28
27
801
319
9
31
6
21
1 132
3
23
26
718
301
9
52
27039
25,926
(«)
6
19
1 113
3
23
24
715
279
9
59
37
36
35
(«)
«22
1425
3
32
28
933
352
11
66
(6)6
21
1312
3
28
30
844
322
10
76
(8)
"21
1319
3
29
29
861
317
11
69
562
215
348
603
241
362
592
225
367
T
27 139
28422
23598
25689
3,215
6347
9,164
1980
5413
8252
2011
6170
5597
1,115
131
48,104
l,393
153
r
45 893
1284
137
45637
1 141
1,167
694
1017
1,128
784
1218
1,276
682
1300
1,262
872
1221
1,278
995
464
338
377
432
471
36
(«)
r
r
40
35
35
30
(6)
(8)
(8)
6
24
1593
3
37
31
1,014
414
10
83
6
23
1471
3
33
31
933
381
10
80
6
22
1548
2
31
30
981
402
10
90
r3
702
r3
264
r3
438
r
632
r
263
r
368
r
544
r
234
310
622
220
402
647
266
381
540
231
309
770
3348
(«)
6
22
1449
4
35
32
934
356
12
•rt
6
21
1422
3
31
29
903
366
9
80
561
210
351
619
248
371
618
226
392
3
716
3
268
3
421
147
274
511
245
381
592
200
392
592
209
383
630
252
378
541
221
320
2
315
441
3
TEXTILE PRODUCTS
FABRIC
Woven fabric, finishing plants:
Production (finished fabric) ..
mil linear yd
Cotton
do
Manmade fiber and silk fabrics
do
Inventories held at end of period
do
Cotton
do
Manmade fiber and silk fabrics
do
Backlog of finishing orders
do
Cotton
do
Manmade fiber and silk fabrics
do
COTTON and MANUFACTURES
Cotton (excluding linters):
Production:
Ginnings 0
thous running bales
Crop estimate
thous net weight bales §
Consumption
thous. running balesStocks in the United States, total, end of period #
thous. running bales
Domestic cotton total
do
On farms and in transit
do
Public storage and compresses
do
Consuming establishments
do....
See footnotes at end of tables.
6660
2466
4 194
630
242
388
526
193
334
656
255
400
485
184
302
3
570
3
207
3
11 526
11 963
4,938
8823
10574
7542
2707
4835
672
271
401
2
15 150
2
15 646
5,409
13,777
13776
3752
9268
756
2
14,232
14229
2433
11 101
695
391
15,033
15031
4,209
10190
632
363
630
242
388
487
220
267
3
425
14,232
14229
2,433
11 101
695
506
201
305
612
240
372
549
227
322
404
13,231
13228
1,432
11 101
695
568
217
350
623
250
372
573
229
344
3
726
3
274
3
430
3
12,433
12431
1,432
10225
774
452
611
242
369
614
241
374
549
11,399
11397
896
9713
788
431
10,358
10356
'767
8796
793
9,455
9454
748
7930
776
448
607
233
374
575
199
376
543
8,449
8447
273
7419
755
369
7,561
7560
150
6656
754
453
14,047
14046
7,067
6268
'711
r
3
560
r
3
450
S-31
SURVEY OF CURRENT BUSINESS
January 1984
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown in BUSINESS STATISTICS: 1982
1982
1981
Nov.
Annual
1983
1982
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
TEXTILE PRODUCTS—Continued
COTTON AND MANUFACTURES-Cont.
Cotton (excluding linters)—Continued
Exports
thous. running bales
Imports
.... thous net-weight bales §
Price (farm), American upland 0
cents per lb..
Price, Strict Low Middling, Grade 41, staple 34
(1-1/16*), average 10 markets
cents per lb
8,021
17
,54.0
6,079
39
57.6
382
3
59.9
3
3
60.5
Spindle activity (cotton system spindles):
Active spindles, last working day, total
Consuming 100 percent cotton
Spindle hours operated, all fibers, total
Average per working day
Consuming 100 percent cotton
15.4
5.5
91.8
0.357
33.6
14.2
5.3
61.7
0.320
30.2
3,856
3,779
14.1
11.1
9.4
11.8
10.2
10.2
10.3
10.0
10.8
5.6
7.1
5.7
6.1
6.0
5.9
4.9
4.8
0.40
0.65
0.61
0.52
0.59
0.59
0.47
345.6
766.3
239.2
601.3
18.4
53.6
16.4
47.6
20.1
67.2
15.1
55.5
18.2
56.7
mil. lb..
do
257.0
460.6
195.2
355.0
43.2
84.3
50.3
92.6
62.2
92.1
do....
do....
do
3,792.8
4,191.1
1,041.1
3,040.3
3,402.5
899.2
745.4
872.5
240.8
801.1
886.7
245.1
924.0
1,015.5
273.1
mil. lb..
do
14.3
31.1
10.7
25.9
10.7
259
9.8
31.5
12.2
289
do
do
do....
337.0
329.8
146.2
279.8
324.8
141.0
2798
324.8
1410
270.1
2927
131.1
2595
2780
101.1
11,228.7
3,850.9
6,431.4
584.1
4,517.0
1,002.2
8,585.5
2,951.1
346.6
397.5
4,726.7
113.7
3,547.8
893.0
2,170.4
8198
557
81.5
1,111.2
27.7
8157
206.7
2,344.7
r
803
1
r
60.8
85.4
r
l,248.9
26.5
r
942.3
r
257.6
2,513.9
8854
606
87.6
1,331.1
28.8
1,018.9
256.2
637.73
318.89
208.48
318.84
438.55
200.59
132.57
237.96
32.54
15.78
11.53
16.76
31.08
14.87
10.35
16.21
37.97
13.46
9.24
24.51
36.34
13.38
8.70
22.96
43.40
15.55
10.40
27.85
43.45
15.61
10.84
27.84
40.39
14.45
9.07
25.95
39.80
14.15
9.07
25.66
35.00
12.50
7.71
22.50
36.21
13.06
8.38
23.16
do
do....
do
do....
do....
do....
639.08
130.52
95.38
508.56
434.87
184.70
807.10
132.58
93.34
674.51
485.31
193.09
68.76
11.78
7.69
56.97
37.82
16.64
59.16
10.04
6.31
49.12
32.45
10.80
79.98
13.19
8.84
66.79
45.12
17.11
71.92
10.92
7.14
61.00
39.57
15.87
76.53
14.44
9.12
62.08
38.10
15.03
73.20
14.99
10.77
58.22
38.63
15.33
86.99
16.49
11.06
70.50
47.65
21.73
105.55
18.61
13.05
86.74
58.88
27.45
98.14
16.81
11.31
81.33
55.16
25.44
108.25
15.98
11.53
92.27
65.73
27.60
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apparel class
mil lb
Carpet class
do
Wool imports, clean yield
doDuty-free
..
.
do
127.8
10.9
2
75.3
26.1
105.9
9.8
61.4
21.4
7.8
0.8
3.6
1.3
4
9.4
4
0.6
3.7
1.2
8.8
0.8
6.0
2.2
9.6
1.0
6.2
2.0
12.8
4
1.2
5.0
1.5
10.6
0.9
6.7
1.9
9.9
1.0
4.9
2.1
13.7
4
1.2
7.5
2.9
8.7
0.8
6.5
2.4
10.5
1.1
5.8
2.3
2.99
2.69
2.67
2.73
2.71
1.93
2.66
1.93
2.66
1.93
2.62
1.98
2.62
2.19
2.60
2.23
2.62
mildo....
bil..
do....
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (atrly )
mil so yd
Orders, unfilled, end of period, compared with
avg. weekly production
no. weeks' prodInventories, end of period, compared with
avg. weekly production
no. weeks' prodRatio of stocks to unfilled orders (at cotton
mills) end of period
.
Exports, raw cotton equiv. thous.
net-weight
.
480 lb. bales..
Imports, raw cotton equivalent
do....
83.0
17.3
438
1
56.0
368
(6)
56.4
487
1
59.9
612
(6)
59.7
464
(e)
61.7
831
(6)
61.1
409
1
64.6
383
2
66.3
322
1
63.1
261
1
64.1
441
1
'67.6
"67.3
58.2
59.6
60.2
61.7
66.0
65.3
66.9
70.7
70.3
72.9
71.7
72.0
73.4
73.0
14.3
r
5.3
6.2
0.309
r
2.6
14.2
5.3
6.7
0.270
r4
2.2
14.3
5.3
6.4
0.323
2.3
14.3
5.3
6.8
0.340
2.5
14.4
5.3
9.4
0.336
4
3.1
14.0
5.3
6.8
0.342
2.5
14.2
5.3
7.1
0.354
2.5
14.2
5.3
8.6
0.344
4
3.1
13.8
5.2
5.9
0.295
2.2
14.1
5.2
7.8
0.372
3.0
14.2
5.3
8.9
r
0.352
4
3.4
13.4
5.3
7.6
0.379
3.0
11.7
14.8
12.6
4.3
4.3
5.1
4.2
3.8
0.44
0.40
0.37
0.34
0.33
0.31
17.2
54.6
14.2
61.7
15.9
58.9
12.7
64.5
14.0
66.6
15.4
77.9
377
(
r
1046
992
5.3
r
2.9
5.2
4
3.0
1038
l,042
12.4
16.0
71.4
15.3
80.9
39.50
14.39
9.41
r
25.11
36.97
14.72
9.31
22.26
36.44
13.44
8.77
23.00
98.34
15.62
10.75
82.72
54.39
24.28
106.84
17.41
11.03
89.43
56.24
24.22
85.83
14.69
9.55
71.15
42.75
16.19
12.8
4
1.4
5.1
1.9
10.7
0.9
8.5
3.3
8.0
2.5
2.25
2.63
2.25
2.71
2.25
2.70
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Acetate filament yarn
Rayon staple including tow
Noncellulosic, except textile glass:
Yarn and monofilaments
Staple, incl. tow
Textile glass
fiber
Fiber stocks, producers', end of period:
Acetate filament yarn
Rayon staple including tow
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
Staple incl tow
Textile glass
fiber
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total #
.... mil. sq. yd
Filament yarn (100%) fabrics #
do
Chiefly rayon and/or acetate fabrics
do....
Chiefly nylon fabrics
/
do....
Spun yarn (100%) fabrics #
. do
Rayon and/or acetate fabrics, blends
do....
Polyester blends with cotton
do....
Acetate filament and spun yarn fabrics
do....
Manmade fiber gray goods, owned by weaving
mills:
Ratio, stocks to unfilled orders, end of period
Prices, manufacturer to mfr., f.o.b. mill:
50/50 polyester/carded cotton printcloth, gray,
48", 3.90 yds./lb., 78x54-56
$ per yd..
Manmade fiber textile trade:
Exports, manmade fiber equivalent
. mil. Ibs
Yarn, tops, thread, cloth
do....
Cloth woven
. ... do
Manufactured prods., apparel, furnishings., do....
Imports manmade fiber -equivalent
Yarn, tops, thread, cloth
Cloth woven
Manufactured prods., apparel, furnishings.,
Apparel, total
Knit apparel
Wool prices, raw, shorn, clean basis, delivered to
U.S. mills:
Domestic—Graded territory, 64's, staple 2-3/4"
and up
cents per lb..
Australian, 64's, Type 62, duty-paid
do....
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. sq. yd..
5
2.78
5
3.16
178.1
121.1
990.6
906.5
r
4
23.6
342
222.5
232.1
4
T
!
2^518.9
879 0
661
74.2
1,354.8
28.3
1,023.7
245.5
r4
400
282
272.2
287.4
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments, quarterly
mil. sq. yds..
r
APPAREL
Women's, misses', juniors' apparel cuttings:
Coats
thous. units..
Dresses
do....
Suits (incl. pant suits, jumpsuits)
do....
Skirts ... .
. ...
do
Blouses
thous. dozen..
See footnotes at end of tables.
14,528
162,624
13,308
98,868
26,223
1
12,617
166,747
12,138
1
104,430
'27,845
1
1
485
12,726
752
8,034
2,226
491
14,231
724
7,818
2,544
617
17,333
724
9,149
2,658
644
15,343
615
7,944
2.540
981
14,124
818
8,197
2,833
1,153
12,877
856
8,627
3,045
1,033
10,357
932
7,892
2,433
1,344
11,471
819
9,776
2,790
1,287
11,532
786
8,780
2,777
2.28
2.66
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated in footnotes below, data
through 1982 and methodological notes are as
shown hi BUSINESS STATISTICS: 1982
1981
1982
January 1984
1982
Nov.
Annual
1983
Dec.
Jan.
Feb.
Mar.
Apr.
May
Sept.
June
July
Aug.
839
1672
10188
22319
3562
26070
570
1390
7060
17448
2455
29966
858
1583
9986
18 128
3298
26144
951
1469
9141
19879
3467
25317
Oct.
Nov.
25829
25278
Dec.
TEXTILE PRODUCTS—Continued
APPAREL—Continued
Men's apparel cuttings:
Suits
..
thous units
Coats (separate) dress and sport
do
Trousers (separate) dress
....
do
Slacks (jean cut) casual
do
Shirts dress and sport
. thous doz
Hosiery shipments
thous doz pairs
13922
17 140
118215
191 937
97075
304 826
4
11 735
4
16 477
4
111 749
4
172
299
4
92 423
288 704
22561
20969
953
969
1 260 1251
9160
8 104
13621 14495
3333
3 172
23 030 23306
927
779
1 471 1432
10244
9261
16564 16288
3591
3 179
25415 26424
845
1496
8656
17350
3404
26395
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders new (net) qtrly total
U S Government
Prime contract
Sales (net) receipts or billings Qtrly total
U S Government
.
.
72852
39 102
70633
69944
33039
85 137
56 476
82382
74078
41581
24791
16959
24 146
20377
12068
27340
20818
26737
19102
10,594
24346
14954
23767
20626
11,582
92640
43,262
44555
13173
103 699
58,157
46312
12008
103 699
58,157
46312
12008
111 937
68,381
51690
11876
115 657
71,753
53,390
12824
11047
13450
13 450
13673
14328
11 314
13035
13035
14 470
14766
13 195 0
89076
8551
86398
44383
4775
5696
2644
102
12322
5909
421
6978
3742
321
7951
3642
508
14189
7007
1006
1 1079
5 194
457
791.0
3854
397
1,191.3
5723
924
429.9
1998
368
4848
2338
178
r
785.1
r
3490
232
441.4
1829
193
307
thous..
do
6,225
5749
5,049
4,696
407
382
366
344
457
431
474
433
575
517
529
475
587
528
644
592
461
426
492
466
627
581
678
623
636
587
do
do....
do
mil
do
do
8,535
6,209
2326
7,980
5,758
2221
743
558
185
9.0
65
2.5
632
448
184
8.6
61
2.5
596
414
182
8.5
59
2.6
628
442
185
8.2
61
2.1
821
600
221
8.4
62
2.2
762
578
184
8.5
64
2.1
837
630
207
9.1
69
2.2
904
668
236
10.1
7.5
2.6
792
577
215
9.7
7.2
2.5
741
531
210
8.9
6.6
2.3
705
538
166
9.2
70
2.1
861
664
197
9.8
7.0
2.8
782
590
191
9.5
6.9
2.6
752
559
192
10.5
7.8
2.7
1471
1,495
1 126
1,127
1 164
1,162
1 126
1127
1 180
1,190
1248
1,270
1,235
1,238
1 191
1,201
1 191
1,154
1,209
1,082
1,102
1,050
1,088
1,166
1,192
1,231
1,220
1,257
1303
l,306
1,352
1,377
2.1
mil $
do
do
do
do
U.S. Government
do....
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulOther related operations (conversions, modifications) products services
mil $
Aircraft (complete);
Shipments "1"
Airframe weight 1"
Exports commercial
do
thous Ib
mil 5j>
MOTOR VEHICLES (NEW)
Passenger cars:
Factory sales (from U.S. plants), total tt
Domestic "j~j"
Retail sales total not seasonally adj
Domestics §
Imports §
Total, seas adjusted at annual rate
Domestics §
Imports §
Retail inventories, end of period, domestics: §
Not seasonally adjusted
thous
Seasonally adjusted
do....
2.9
2.3
2.2
2.2
2.4
2.5
2.4
2.3
2.0
1.7
1.7
2.1
2.1
2.2
2.3
53812
47086
29986
5639
37430
33405
30670
702.5
2739
2371
2536
56.8
2242
1960
2327
50.2
2688
2471
2773
59.1
4433
42 12
2602
69.7
56.59
5475
313.4
69.3
54.45
5221
2772
77.9
6081
58 14
3558
88.5
51.92
5030
3255
85.8
34.26
32.75
288.3
56.0
31.87
30.63
263.5
44.3
46.27
41.92
271.6
49.6
57.22
5464
342.3
67.0
48 16
4564
346.7
71.3
678
!73
765
220
595
191
569
181
725
219
728
208
773
215
869
244
789
228
773
246
735
207
757
190
701
176
r
l,906
r
!779
127
118
130
122
141
133
160
150
221
207
191
179
212
198
230
214
161
149
192
181
226
214
241
225
233
218
2,063.8
3
45.7
3
138.3
199.4
3.6
10.0
179.2
3.8
12.5
168.9
4.4
10.9
160.4
3.8
9.8
183.6
3.5
11.9
210.8
3.6
10.1
214.6
4.2
9.8
206.4
3.9
10.4
225.3
4.2
11.0
173.0
4.0
12.0
260.6
4.2
11.7
225.1
3.8
13.1
236.3
3.8
15.1
279.0
4.4
17.1
3
5594
170.73
3
5395
124.43
5664
9.80
5379
9.04
4957
733
5195
9.42
518.4
11.30
5228
12.83
5335
11.87
525 1
13.33
5078
10.62
5781
11.34
587.7
10.11
592.1
12.67
6052
10.29
581.4
83892
73848
4328
4227
4758
5622
70.78
6948
7819
8099
6313
6870
61 17
82.06
7453
177
227
244
254
275
259
249
265
253
6979
4,808
61
47
8708
5,958
69
147
9,674
6,714
31
620
8387
5,202
57
456
898
11513 12
r
9,683
8,632
271
299
r
300
414
12,775
9,521
171
578
13,128
9,746
181
921
Inventory-retail sales ratio, domestics §
Exports (BuCensus) total
To Canada
Imports (BuCensus) complete units
From Canada, total
thous
do
do
do
do....
8,444
2432
Trucks and buses:
Factory sales (from U.S. plants), total @
Domestic @
.
thous..
do
1,701
1514
Retail sales, seasonally adjusted:
Light-duty, up to 14,000 Ibs. GVW
Medium-duty, 14,001-26,000 Ibs. GVW
Heavy-duty, 26,001 Ibs. and over GVW
do....
do....
do....
Registrations 0, total new vehicles
Retail inventories, end of period, seasonally
adjusted
thous
Exports (BuCensus)
do....
Imports (BuCensus), including separate chassis
and bodies
thous
Registrations,0 new vehicles, excluding buses not
produced on truck chassis
thous
Truck trailers and chassis, complete (excludes
detachables) shipments "f"
number
Vans t
do....
Trailer bodies (detachable) sold separately t
do
Trailer chassis (detachable) sold separately t do
r
3
1,746.6
3
73.9
3
151.7
2185
r
7,754
2278
3
2430
r
215
246
189
254
122 455
71,921
7,239
8615
96190
64,892
3,988
2918
7509
5,522
285
121
9590
7,212
289
119
6062
4,053
158
25
6949
4,599
136
19
9848
6,367
153
43
144901
141 435
1
17 916
117288
16485
14,819
1
17 236
1
15 515
^071
'6321
4295
4,095
610
525
249
249
4866
4,378
765
477
231
231
4295
4,095
494
440
501
501
4301
4,155
447
411
299
297
4153
4,041
444
334
207
207
3916
3,914
205
205
615
614
4326
4,323
376
376
797
797
4747
4,744
338
338
150
150
4559
4,556
260
260
934
934
3897
3,894
469
469
287
287
3755
3,752
460
458
416
416
3,756
3,756
736
736
642
642
3368
3,368
615
615
351
351
3156
3,156
1039
87
84.87
8168
1047
86
85.43
8160
1039
87
84.87
8168
1035
88
84.77
8193
1033
89
84.72
8198
1031
92
84.55
8201
1028
95
84.44
8218
1026
100
84.18
8203
1024
100
84.01
8205
1020
101
83.77
8210
1019
100
83.68
8209
1018
98
83.66
8217
1015
10.0
83.43
82.24
1011
9.8
83.20
82.29
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all railroads
and private car lines (excludes rebuilt cars and
cars for export):
Equipment manufacturers
New orders
do
do
Equipment manufacturers
do
Unfilled orders end of period
Equipment manufacturers
do
do....
Freight cars (revenue), class 1 railroads (AAR): $
Number owned end of period
thous
Held for repairs % of total owned
Capacity (carrying), total, end of mo
mil. tons..
Average per car
tons..
See footnotes at end of tables.
(2)
1 111
69
89.37
80.43
(2)
S-33
SURVEY OF CURRENT BUSINESS
January 1984
FOOTNOTES FOR PAGES S-l THROUGH S-32
General Notes for all Pages:
Page S-l
r
p
e
c
Revised,
Preliminary,
Estimated,
Corrected.
$ Includes inventory valuation and capital consumption adjustments.
§ Monthly estimates equal the centered three-month average of personal saving as a
percentage of the centered three-month moving average of disposable personal income.
Page S-2
1. Based on data not seasonally adjusted.
# Includes data not shown separately.
PageS-3
# Includes data for items not shown separately.
Page S-4
1. Based on data not seasonally adjusted.
# Includes data for items not shown separately.
t Includes textile mill products, leather and products, paper and allied products, and
printing and publishing industries; unfilled orders for other nondurable goods industries
are zero.
O For these industries (food and kindred products, tobacco, apparel and other textile
products, petroleum and coal, chemicals and allied products, and rubber and plastics products) sales are considered equal to new orders.
Page S-5
1. Based on unadjusted data.
2. Beginning with data for January 1983, the index is affected by a change in methodology used to compute the homeownership component. For additional information regarding
this change, see p. S-36 of the Feb. 1983 SURVEY.
3. Data lag approximately 2 months behind the current SURVEY. The 1982 monthly
updates are available upon request.
@ Compiled by Dun & Bradstreet, Inc.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
$ See note "$" for p. S-4.
Page S-6
1. See note 2 for p. S-5.
2. Index no longer available from the source, BLS; see also p. S-36 of the Feb. 1983
SURVEY.
§ For actual producer prices or price indexes of individual commodities, see respective
commodities in the Industry section beginning p. S-l9. All indexes subject to revision four
months after original publication.
# Includes data for items not shown separately.
Page S-l 1
$ This series is not seasonally adjusted because the seasonal component is small relative
to the trend-cycle and/or irregular components and consequently cannot be separated with
sufficient precision.
O Production and nonsupervisory workers.
Page S-12
1. This series is not seasonally adjusted because the seasonal component is small relative
to the trend-cycle and/or irregular components and consequently cannot be separated with
sufficient precision. Use the corresponding unadjusted series.
2. This series has been discontinued.
O Production and nonsupervisory woricers.
$ Earnings in 1977 dollars reflect changes in purchasing power since 1977 by dividing by
Consumer Price Index.
§ Wages as of Jan. 1, 1984: Common, $15.52; Skilled, $20.42.
Page S-13
1. Average for Dec.
2. Reported annual; monthly revisions are not available.
3. Effective December 1, 1982, there was a break in the series. The key changes involved
additions to the reporting panel and the exclusion of broker or dealer placed borrowings
under any master note agreements. Previous statistics do not reflect these changes.
# Includes data for items not shown separately.
§ For demand deposits, the term "adjusted" denotes demand deposits other than domestic commercial bank and U.S. Government, less cash items in process of collection; for
loans, exclusive of loans to and Federal funds transactions with domestic commercial banks
and include valuation reserves (individual loan items are shown gross; i.e., before deduction
of valuation reserves).
@ 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.
(5)(5) Insured unemployment as a percent of average covered employment in a 12-month
period.
Page S-14
1. Data are for fiscal years ending Sept. 30 and include revisions not distributed to the
months.
2. Average for the year.
3. Daily average.
4. Interest rate charged as of Jan. 1, 1984 was 10.80.
# Includes data for items not shown separately.
O Adjusted to exclude domestic commercial interbank loans and Federal funds sold to
domestic commercial banks.
$ Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent.
$$ Courtesy of Metals Week.
(a) (a) Average effective rate
Page S-15
Page S-7
1. Computed from cumulative valuation total.
2. Index as of Jan. 1, 1984: building, 355.5; construction, 382.5.
# Includes data for items not shown separately.
§ Data for Dec. 1982, Mar., June, Sept., and Dec. 1983 are for five weeks; other months
four weeks.
Page S-8
1. Advance Estimate.
O Home mortgage rates (conventional first mortgages) are under money and interest
rates on p. S-l4.
§ Data include guaranteed direct loans sold.
# Includes data for items not shown separately.
Page S-9
1. Advance estimate.
2. As of July 1.
# Includes data for items not shown separately.
O Effective with the January 1984 SURVEY, the seasonally adjusted labor force series
have been revised back to January 1979. Revised monthly series will appear in the February
1984 issue of Employment and Earnings.
t The participation rate is the percent of the civilian noninstitutional population in the
civilian labor force. The employment-population ratio is employment as a percent of the
total noninstitutional population, 16 years and over.
Page S-10
1. This series has been discontinued.
§ These unemployment rates are for civilian workers only. The unemployment rate for
all workers, including the resident armed forces, was 8.1 in Dec. 1983.
O See note "O" for p. S-9.
1. Beginning 1983, the reporting frequency has been changed from a monthly to a quarterly basis.
$ Composition of the money stock measures is as follows:
Ml.—This measure is currency plus demand deposits at commercial banks and interestearning checkable deposits at all depository institutions—namely NOW accounts, automatic transfer from savings (ATS) accounts, and credit union share draft balances—as well
as a small amount of demand deposits at thrift institutions that cannot, using present data
sources, be separated from interest-earning checkable deposits.
M2.—This measure adds to Ml overnight repurchase agreements (RP's) issued by commercial banks and certain overnight Eurodollars (those issued by Caribbean branches of
member banks) held by U.S. nonbank residents, money market mutual fund shares, and
savings and small-denomination time deposits (those issued in denominations of less than
$100,000) at all depository institutions. Depository institutions are commercial banks (including U.S. agencies and branches of foreign banks, Edge Act corporations, and foreign investment
companies), mutual savings banks, savings and loan associations, and credit unions.
M3.—This measure equals M2 plus large-denomination time deposits (those issued in denominations of $100,000 or more) at all depository institutions (including negotiable CD's), plus
term RP's issued by commercial banks and savings and loan associations.
L.—This broad measure of liquid assets equals M3 plus other liquid assets consisting of
other Eurodollar holdings of U.S. nonbank residents, bankers acceptances, commercial
paper, savings bonds, and marketable liquid Treasury obligations.
$$ Includes ATS and NOW balances at all institutions, credit union share draft balances, and demand deposits at mutual savings banks.
# Overnight (and continuing contract) RP's are those issued by commercial banks to the
nonbank public, and overnight Eurodollars are those issued by Caribbean branches of member
banks to U.S. nonbank customers.
@ Small time deposits are those issued in amounts of less than $100,000. Large time
deposits are those issued in amounts of $100,000 or more and are net of the holdings of
domestic banks, thrift institutions, the U.S. Government, money market mutual funds, and
foreign banks and official institutions.
# Includes data for items not shown separately.
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.
@@ Annual data for 1978-82 and monthly data for 1982 have been revised to exclude
private placements. Monthly revisions for 1978-81 are not available.
S-34
SURVEY OF CURRENT BUSINESS
January 1984
Page S-16
Page S-23
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.
$ For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
@ Data may not equal the sum of the geographic regions, or commodity groups and
principal commodities, because of revisions to the totals not reflected in the component
items.
1. Crop estimate for the year.
2. Average for seven months; price not available for July, Aug., and Oct.-Dec.
3. Annual total; monthly revisions are not available.
4. Data are no longer available.
5. Crop estimate for 1983.
6. Effective December 1983 SURVEY, the footwear production series have been revised
back to January 1981.
# Totals include data for items not shown separately.
Page S-17
1. Beginning with Jan. 1982 data, the Customs value is being substituted for the f.a.s.
value.
# Includes data not shown separately.
§ Data may not equal the sum of geographic regions, or commodity groups and principal
commodities, because of revisions to the totals not reflected in the components.
Page S-24
1. Annual data; monthly revisions not available.
2. Less than 500 short tons.
Page S-18
Page S-25
1. See note 1 for p. S-17.
2. Annual total; quarterly or monthly revisions are not available.
3. Before extraordinary and prior period items.
4. For month shown.
5. Domestic trunk operations only (averaging about 90 percent of domestic total).
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled service.
$ Beginning Jan. 1977, Class I railroads are defined as those having operating revenues
of $50 million or more.
O Average daily rent per room occupied, not scheduled rates.
## Data represent entries to a national park for recreational use of the park, its services,
conveniences, and/or facilities.
1. Annual data; monthly revisions are not available.
2. For month shown.
t Beginning January 1982, data represent metallic (mostly aluminum) content. Data for
1981 and prior years represent aluminum content only.
Page S-19
1. Reported annual total; monthly revisions are not available.
2. Includes those amounts being withheld from the monthly data.
3. A portion of data is being suppressed because of not meeting publication standards.
For nitrogen solutions, prior to May 1983, see also note 4 for this page.
4. A portion of data is being withheld to avoid disclosing information for individual
companies; not comparable with other published data.
5. Includes amounts of carbon dioxide gas not available on a monthly basis. See also note
"t" for this page.
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
$ Monthly data back to 1981 have been revised and are available upon request.
Page S-26
1. Annual data; monthly revisions are not available.
2. Less than 50 tons.
O Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
@ All data (except annual production figures) reflect GSA remelted zinc and zinc purchased for direct shipment.
$ Source for monthly data: American Bureau of Metal Statistics. Source for annual
data: Bureau of Mines.
# Includes data not shown separately.
Page S-27
1. Data withheld to avoid disclosing information for individual companies.
2. Data are for five weeks; other months 4 weeks.
# Includes data for items not shown separately.
§ Includes nonmarketable catalyst coke.
O Includes small amounts of "other hydrocarbons and alcohol new supply (field production)," not shown separately.
t Effective with the Nov. 1983 SURVEY, monthly revisions for 1982 are available upon
request.
PageS-20
1. Reported annual total; monthly revisions are not available.
2. Annual total includes data for Hawaii; not distributed to the months.
§ Data are not wholly comparable from year to year because of changes from one classification to another.
$ Revised quarterly data for 1981 and 1982 are available upon request.
O Effective 1983, data are based on a new sample of approximately 150 establishments,
which was selected using the 1981 annual survey "Paints and Allied Products" panel as a
universe frame. Comparable data for 1979-82 are available upon request.
t Revised quarterly data for 1982 are available upon request.
Page S-21
1. Based on quotations for fewer than 12 months.
2. Crop estimate for the year.
3. Stocks as of June 1.
4. Stocks as of June 1 and represents previous year's crop; new crop not reported until
June (beginning of new crop year).
5. Previous year's crop; new crop not reported until Oct. (beginning of new crop year).
6. See note "@" for this page.
7. Data are no longer available.
8. Crop estimate for 1983.
9. Effective with this reporting, data are reported on a monthly basis.
10. Data for Apr.-Dec. 1982 are not available.
11. Quarterly estimates of rye stocks will no longer be available; however, June 1 stock
estimates (representing previous year's crop) will continue to be published each year.
12. Figure is preliminary and subject to change.
§ Excludes pearl barley.
# Bags of 100 Ibs.
@ Data are quarterly except for June (covering Apr. and May) and Sept. (covering
June-Sept.).
Page S-22
1. Based on quotations for fewer than 12 months.
2. See note 9 for p. S-21.
3. Data are no longer available.
§ Cases of 30 dozen.
O Bags of 132.276 Ibs.
$ Monthly revisions for 1982 are available upon request.
@ Monthly revisions for 1981 and 1982 are available upon request.
Page S-28
1. Simple averages of prices are no longer available.
2. See note 4 for p. S-29.
3. Reported annual totals; revisibns not allocated to the months.
4. Effective with Jan. 1983, data include road oil. Total road oil data for 1982 were
(thous. bbl.): 591, domestic demand; 610, production; 47, stocks.
5. No data reported. Also see note 4 for p. S-29.
# Includes data for items not shown separately.
Page S-29
1. Reported annual total; revisions not distributed to the months.
2. Average for 11 months; no price for June 1981.
3. Average for 11 months; no price available for Oct. 1981.
4. Monthly data were discontinued as of April 1982 SURVEY, due to budgetary limitations. The related annual report, MA26A, will continue to be published.
5. Data are no longer available.
O Source: American Paper Institute. Total U.S. estimated consumption by all newspaper users.
Page S-30
1. Reported annual total; revisions not allocated to the months.
2. Crop for the year.
3. Data cover five weeks; other months, four weeks.
4. Represents total shipments for Jan.-May 1982. See also note 7 for this page.
5. See note "t" for this page.
6. Monthly and annual data for regular basecoat plasters are not available; sales of "all
other" represents total sales of building plasters. See also note 1 for this page.
7. Data withheld to avoid disclosing operations of individual companies.
# Includes data for items not shown separately.
O Cumulative ginnings to the end of month indicated.
§ Bales of 480 Ibs.
| Beginning Jan. 1982, shipments include those for direct export; such shipments for
1981 were 2,165 thous. gross.
@ Annual totals are based on advance summaries and may reflect revisions'not distributed to the months.
t Monthly revisions for 1981 and 1982 are available upon request.
SURVEY OF CURRENT BUSINESS
January 1984
Page S-31
1. Monthly data discontinued for the year 1982; reinstated beginning Jan. 1983.
2. Annual total includes revisions not distributed to the months.
3. Average for crop year; Aug. 1-Jul. 31.
4. For five weeks; other months four weeks.
5. Monthly average.
6. Less than 500 bales.
O Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price
reflects total quantity purchased and dollars paid for the entire month (revised price includes
discounts and premiums).
# Includes data not shown separately.
Page S-32
1. Annual total includes revisions not distributed to the months.
S-35
2. Production of new vehicles (thous. of units) for Dec. 1983: passenger cars,
210.
3. Based on unadjusted data.
4. Monthly data discontinued for the year 1982; reinstated beginning Jan. 1983.
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and
imported to the U.S. under the provisions of the Automotive Products Trade Act of 1965.
Imports comprise all other cars.
O Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some states
are not available, month-to-month comparisons are not strictly valid.
$ Excludes railroad-owned private refrigerator cars and private line cars.
t Monthly revisions for aircraft shipments and airframe weight for 1982 are available
upon request. Monthly revisions for truck trailers, etc. for 1981 and 1982 are available upon
request.
@ Includes passenger vans.
S-36
SURVEY OF CURRENT BUSINESS
January 1984
BUSINESS STATISTICS: 1982
Business Statistics: 1982 is the twenty-third in a series of supplements to the monthly SURVEY OF CURRENT
BUSINESS. It presents data for approximately 1,900 series that are shown each month in the S (or "blue") pages of the
SURVEY. The main body of the publication presents monthly data for 1979-82 and annual data for 1961-82.
Appendix I provides monthly data for 1961-78 for approximately 250 of these series. Methodological notes
describing sources, definitions, methods of compilation, revisions, and time span covered, follow the main body of
tables.
Quarterly and annual data for 1951-82 for selected series prepared by the Bureau of Economic Analysis—National
Income and Product Accounts (140 series), Plant and Equipment Expenditures (20 series), and U.S. International
Transactions (30 series)—appear in Appendix II. Until recently these series had been shown in the blue pages of the
SURVEY; now they are shown only in the white pages. Methodological notes for Appendix II follow the tables.
Business Statistics: 1982 breaks with tradition in some significant ways. The system for dating the volumes was
changed. The "1982" in the title of this edition indicates the last year for which data are shown. Earlier editions were
dated with odd-numbered years that usually indicated the year the edition went to press; they contained data
through the previous year. Also, this edition is the first to use computerized typesetting, which makes possible more
timely publication. The data in Business Statistics: 1982 contain revisions available through July 1983.
Business Statistics: 1982 can be ordered from the Superintendent of Documents, U.S. Government Printing
Office (GPO), Washington, B.C. 20402 at a price of $8.00. Order by stock number 003-010-00124-1; enclose check
or money order payable to Superintendent of Documents. Business Statistics: 1982 can be ordered by telephone
(202) 783-3238 and charged to MasterCard, VISA, or a deposit account at the Superintendent of Documents.
TO
SECTIONS
General:
Business indicators.............
Commodity prices.**
Construction and real estate,
Domestic trade.
Labor force., employment, and earnings......
Finance,
Foreign trade of the United States*.
Transportation and communication.
1-5
5,6
7,8
M
9-13
13*16
16-18
18,19
Industry:
Chemicals and allied products.........
Electric power and gas.,
Food and kindred products; tobacco
Leather and products
Lumber and products.
Metals and manufactures..
Petroleum, coal, and products „
Pulp, paper, and paper products
Rubber and rubber products....
Stone, clay, and glass products
Textile products................
Transportation equipment.,
INDIVIDUAL SERIES
Advertising .
Aerospace vehicles
Agricultural loans
Air carrier operations
Air conditioners (room)
Aircraft and parts ........
Alcohol, denatured and ethyl
Alcoholic beverages
Aluminum
Apparel ..
Automobiles, etc.
8, 12
32
13
18
27
4, 32
19
$* 20
25
»* 2, 4-6, 8-12
28
2-4, 6, 8, 9, 14, 15, 17, 32
Banking.
Barley ....
Battery shipments
Beef and veal
Beverages,..,
Blast furnaces, steel mills ............
Bonds, issued, prices, sales, yields ...
Brass and bronze „„**,*,.*«.*„.«»..»..»,
Building and construction materials
Building costs
Building permits.
Business incorporation (new), failures ....
Business sales and inventories..
Butter.,
Cattle and calves*.
Cement.,
7
5
2,3
21
22
30
Chain-store sales, firms with 11 or more
stores.................................................................
9
Cheese...................................................................
21
Chemicals „.„*„.,*..„...,
.. 2-4,10-12,15,17,19,20
Cigarettes and cigars.,
23
Clay products..............
2*4,30
Clothing (see apparel)
Coal.,
Cocoa..,...*,
Coffee.
22
Coke.,
27
Combustion, atmosphere* heating equipment ,.„„,...„,„
Communication,,
Confectionery, sales.
Construction:
Contracts...
7
Costs*
7
Employment, unemployment, hours,
10-12
Highways and streets.
7
Housing starts,
7
New construction put In place.
7
Consumer credit.
14
Consumer goods output, index .
Consumer Price Index.
S',6
Copper and copper products
25,26
Corn.....
21
Cost of living (see Consumer Price Index)., ,*.*..
5,6
Cotton, raw and manufactures.,
..5,30,31
Credit, commercial bank,
14
Crops *.,*„*.,..**»*.,....„....,.„.
5, 21, 23* 30
Crude oil
*.,*„„,*,*„,.
__. 3,27
Currency in circulation...
...,..„*
15
Dairy products
«.*«>.. 5, 21
Debt, U.S. Government.,
14
Deflator, PCE.
1
Department stores, sales, inventories.,
Deposits, bank .*.„.*,,*,„,,*»..,,...,,*...,...,*,,
13,15
3f
10-12,15,27
Employee-hours, aggregate, and indexes.............
11
Employment.......................................................... 10,11
Explosives.......,...,,..,,*,,.,..,*.,.*,..........*.....,.....,.,,,,,.
20
Exports (see also individual commodities).......... 16,17
Failures, industrial and commercial.
5
Farm prices .
5,6
Farm wages .
12
Fats and oils....
17
Federal Government finance .....................
14
Federal Reserve banks, large commercial
13
Federal Reserve member banks
13
Fertilizers
19
22
33-35
Footnotes,
Dishwashers.,
Disposition of personal income ...
Distilled spirits .........„..,.„„„„.„.„
Dividend payments ..„.„*,**,»„**,**,.»
Drugstores, sales ,**„.,*.,*.......„.„...
Earnings, weekly and hourly.......
Eating and drinking places ..........
Eggs and poultry..........................
Electric power.
Flooring, hardwood
24
Flour, wheat
22
Food products ...... —,„>*.... 2-6, 8, 10-12, IS, 17,20-23
Foeign trade (see also individual commod.) ........ 16-18
Freight cars (equipment)
32
Fruits and vegetables ,*,.,
5
Fuel oil
5,28
Fuels ....,....«*......,.*.*...»..,,..,.,,*«*,^,,*,,*.w. 2, 6, 17,27,28
Furnaces ........,.........,..,...*,..,...............,....,...,„..
27
2,6, 8-12
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin ..,...„.*,**„.,
Grains and products
Grocery stores ...
Gypsum and products ...
Hardware stores ....
Heating equipment
Help-wanted advertising index ,
Hides and skins.
Highways and streets ,
Hogs
Home Loan banks, outstanding advances.,
Home mortgages *„*„,„..,..„..„.....„„„„*.,*„.„..».....
8
Hotels and motor-hotels ...„.*,,»,*,+*«*««,*.,«.«....„..
18
Hours, average weekly .......................................
11
Housefurnishings ,**,„„.,....,..„„„..„„.»»»„„„,„ 2, 4, 5, 8, 9
Household appliances, radios, and television sets
2?
Housing starts and permits ,.*,,*.*..--------------...,.,....
7
Imports (see also individual commodities) .
17, 18
2
Income, personal *
14
Income and employment tax receipts .
Industrial production indexes:
By industry .
1, 2
By market grouping ,
1, 2
Installment credit .
14
2-4, 10-12
Instruments and related products..
14
Interest and money rates .
... 3, 4, 9
Inventories, manufacturers' and trade .....
Inventory-sales ratios ,*
3
Iron and steel .„„,*.*....,„
2, 115, 24, 25
Labor advertising index,
Labor force ..*.,*«.„*.....„.
Lamb and mutton
Lead
Livestock ...,....,.„*.,*„..„......„„.....„*.,*.„.„„..„„.„., 5, 22
Loans, real estate, agricultural, bank (see
also Consumer credit) ...................................... 8, 13
Lubricants .,..,....»..,.............».,...,........,.,.............*
28
Lumber and pr^ue^7,*r.^
23, 14
Machine tools.,
26
Machinery *
,*, 2-6,10-12,15,17, 26, 27
Manufacturers' sales (or shipments), inventories,
Manufacturing employment, unemployment,
production workers, hours, earnings ............... 10-12
Manufacturing production indexes,
...»—
1,2
Meat animals and meats ,.*.*......«....«...„„*„.,,...... 5,22
Medical care A,,*,,*,**.***.....,,,.,,,,*.,*,,*,,*.,*.,.....,.,...,,.,
6
Metals.*,...,.........,.,,,.,.,,.,*..*,,..,..,.,, 2-6,10-12, IS, 24-26
Mwirt*g**a^d*m!n^raT^
15
Monetary statistics „..,.....
........
,*,**
15
Money and interest rates ..,*.„„*
.
*
14
Money supply.......................................................
15
Mortgage applications, loans, rates...**...
... 8,13,14
Motor carriers ................................................
18
Motor vehicles.
2-4,6,8,9,15,17,32
National parks, visits...
™..,*..*..,......
..
18
Newsprint ...„«.«....„„„.„„*.„...„.„.......„«.„„,.,„„„
29
New York Stock Exchange, selected data....
16
Nonferrous metals
.*,..,„„„*...
2,4,5,15,25,26
Oats ,„,.,.„*....„..„,..,.*,*„*,.*„*.,.„.....„„„,..„„„„„.„.
21
Cite and fats „...„„„,..........,.«.„„„,*„*„...„.„.„.....».
17
Orders, new and unfilled, manufacturers'...........
4, 5
Outlays, 0.S. Government .„.....«.„*„.,.*....„..„
14
Paint and paint materials .„.„..**,,.„......,.,.*,„,*.....
20
Paper and products and pulp „.....„„*„*.*...
....,
2-4,
6,10-12, IS, 28,29
Parity ratio *,...*. «...,.,,.................,,.,.*,,*,«.M«.^
5
Passenger cars...,*,,.,.*...,.....
.. 2-4,6,8,9,15,17,32
Passports issued ..—..,.*„*.*„.......,.....„„„*„
.
18
Personal consumption expenditures
,.*.„...,.„*.
1
Personal income ..,«....«,.,.*.,,„„.,...„.„,>**»*„„,«„„,.
1
Personal outlays *,,*»...,..,..„„...».,,»,,..,..,......„,„,„„,
l
Petroleum and products.
„*„„*...„.
,
2-4,
10-12.15,17, 27, 28
24
Plastics and resin materials.,
20
Population,
9
Pork.....—*......,„
22
Poultry and eggs........................
5,22
Price deflator, implicit(PCE) I
>dities)...
Prices (see also individual <
5,6
Printing and publishing ,..-.,„,„,„..„.„..„...,».,„.„ 2,10-12
Private sector employment, hours, earn*
Producer Price Indexes
Profits, corporate..........
Public utilities.......
Pulp and pulpwood ,...„,„.„.,„,....
Purchasing power of the dollar ,
Radio and television
Railroads
Ranges....
Rayon and acetate
10-12
6
"^j'^u^
6
Real estate
Receipts, U.S. Government
Refrigerators „*,„„„,*„.„.....„
Registrations (new vehicles)
Rent (housing) ,..„.„.,**.*.,....,
Retail trade ..„,.„..„„*.,*..*„*„...„...„* 2,3, 5,8-12,14, 32
RubberltoT|^uc£*(^^^^^
2-4*
6, 10-12,29
Saving, personal.................................................
1
Savings and loan assoc., new mortgage loans.
8
Savings deposits ..........,....«....*...,..,.»...,^.w,,*«.,.,
13
Securities issued *..,.»,,..,.*,.*,*..*..*,.,,,,,.,,...».,,.,.*.,....
15
Security markets ..,..,..,.,,....,........,,,,..,*.,.,**,^,«*.,,, 15,16
Services.............................................................. 6, t0-12
22
Sheep and iambs.
23
Shoes and other footwear .
Silver,,
14
31
Spindle activity, cotton.
25
Steel (raw) and steel manufactures .
24
Steel scrap,
Stock market customer financing
15
Stock prices, yields, sales, etc
16
Stone, clay, glass products
Sugar............
Sulfur.
...
Sulfuric acid
Superphosphate
Tea imports .....
Telephone and telegraph carriers....
Television and radio...
Textiles and products
..,. 2-4,10-12,15,30,31
Tin „.,.„„..„*,„„.„..„„.„«......„,...„„,*„.,*„,„*.,*„*.„„
26
Tires and inner tubes ...*..*,..**.,*„*«**„*«**.,,„..„.....„
29
Tobacco and manufactures...................... 2-4,10-12*. 23
Tractors ...*.».,„*„....
.„..,„„„.*,. »..*.,..»** *,
27
Trade (retail and wholesale)................ 2,3,5,8-12,32
Transit lines, urban ,...*.,*.,.^*.M.,*,*«.*....«..............
18
Transportation
.,.....,.„„«. 6,10-12,15,16, IS
Transportation equipment........... 2-6,10-12,15,17,32
Travel ,.,,,..*.,,,.,,.,,,..^...,........,.»,,,,.,,*,,..«w»,,,,*,,..
18
Truck trailers..
*.
*,.*.,..».»,.....,.......^
32
Trucks (industrial and other) „
Unemployment and insurance
U.S. Government bonds..
U.S. Government finance
Utilities.,,
Vacuum cleaners
Variety stores
Vegetables and fruits
Veterans' unemployment insurance
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat flour
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc.,
UNITED STATES
GOVERNMENT PRINTING OFFICE
PUBLIC DOCUMENTS DEPARTMENT
WASHINGTON, D.C. 20402
OFFICIAL BUSINES
Penalty for Private Use, $300
@FedFRASER