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January 1990 / Volume 70 Number
SURVEY OF CURRENT BUSINESS
1
Business Situation
2
3
7
7
U.S. Department of Commerce
Bobert At Mosbacher / Secretary
MchaeiB.Darby7 Undersecretary
for Economic Affairs
10
Composite Indexes of Leading, Coincident, and
Lagging Indicators
25
Regional Perspectives
25
27
SURVEY OP CURRENT BUSINESS. Published
monthly by the Bureau of Economic Analysis of the
U.S. Department of Commerce. Editorial correspondence should be addressed to the Editor-inChief, SURVEY OF CURRENT BUSINESS, Bureau of Economic Analysis, U.S. Department of Commerce,
Washington, tM3 £0230.
=
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by law of this Department*
Selected NIPA Tables
24
Editor-in-Chief: Carol S. Carson
Managing Editor: LelandL. Scott
Staff Contributors to This Issue: Robert L.
Brown, Rudolph & DePass, Douglas R, Fox,
Howard L. Ftiedrf^rg, Baniel H. Cbrnick, laterindustry Economics Division, Daniel J. Larkins,
Larry R. Moran, Ralph W. Morris, National Income
and Wealth Division, Mira A. Piplani, Charles S.
Robinson,
National Income and Product Accounts Tables
10
Bureau of Economic Analysis
Allan; H*Y0«a|f I JOir^eior :
Carol S, Carson / Deputy Director
GNPinl989
Components of Real GNP in the Fourth Quarter
Prices
Personal Income
Total Personal Income Growth in Recent Quarters
State Personal Income: Summary Estimates, 1989:111
29 Accounting for Regional Differences in Per Capita
Personal Income Growth: An Update and Extension
41 Annual Input-Output Accounts of the U.S. Economy, 1985
Blue pages: Current Business Statistics
(See page S-36 for subject index to Current Business Statistics)
Inside back cover: BEA Information
.-Tliis issue of the SUBWY went to the printed on February 7,1900* It
incorporates data from the following monthly BEA news releases:
Gross National Product (Jan. 26V
;
Personal Income and Outlays (Jan, 29), and
'
Composite Indexes of Leading, Coincident, and Lagging
Indicators (Jan, SIX
I J 1930
•SUPT. DOC. NO. C "5^
the BUSINESS SITUATION
rEAL GNP, a measure of U.S. proR
duction, increased at an annual rate
of ^2 percent in the fourth quarter after increasing 3 percent in the third
(chart 1). Fourth-quarter growth was
held down by a sharp drop in motor vehicle production (which reduced
growth about 1 percentage point) and
a strike at a major aircraft manufacturer (which reduced growth about ^2
percentage point).
The Loma Prieta earthquake, which
struck northern California in October, did not substantially affect the
fourth-quarter growth of real GNP but
did affect real net national product
(NNP), another measure of U.S. production. Real NNP was unchanged in
the fourth quarter but would have increased 1^2 percent if the earthquake
had not struck. The difference between GNP and NNP is capital consumption allowances with capital consumption adjustment, a measure that
includes both the normal using up of
CHART 1
fixed capital in production and accidental damage to fixed capital. The ways Selected Measures:
in which accidental damage affect the Change From Preceding Quarter
national income and product accounts
(NIPA's) were described in the October ^rcent
REAL GNP
and November 1989 "Business Situation" articles; the impact of the earthquake on components of NNP is re- 5
ported in the next section.
o
Real gross domestic purchases, a
measure of U.S. demand, increased
1 percent in the fourth quarter after 5
increasing 3T/2 percent in the third.
Real final sales to domestic purchasers
edged down, but the pace of inven- ~10
tory accumulation accelerated. The 10
changes in both final sales and inventory investment were dominated by
motor vehicles.
Inflation increased in the fourth
quarter from a relatively low rate in °
the third: Both the GNP price index
and the price index for gross domestic 5
purchases increased 4 percent after in-10
10
GNP PRICE INDEX (FIXED WEIGHTS)
Looking Ahead...
• National Income and Product Account Revisions. Revised estimates for
the 3-year period beginning with the first quarter of 1987 will be presented
in the July SURVEY. The presentation of the next comprehensive—that is,
benchmark—revision has been delayed from November of this year to July
1991.
« Business Statistics, 1961-88. The 26th edition of this biennial volume will
soon be available from the Government Printing Office. It contains monthly
or quarterly data for 1985-88 and annual data for 1961-88 for all series in
the "S" (or blue) pages of the SURVEY and for selected BEA series. Order
information will be in the February SURVEY.
o J
10
GROSS DOMESTIC PURCHASE PRICE INDEX
(FIXED WEIGHTS)
Recruitment...
• Senior Level Positions. BEA expects to begin actively recruiting for two
senior positions—Associate Director for Regional Economics and Associate
Director for International Economics—in the near future. These are career
reserved positions in the Senior Executive Service. For more information,
contact the BEA Administrative Officer (202-523-0508).
1986
1987
1988
1989
Note.—Percent change at annual rate from preceding quarter;
U.S. Department of Commerce, Bureau of Economic Analysis
SURVEY OF CURRENT BUSINESS
creases of 3 percent and 2x/2 percent,
respectively, in the third quarter.1
The effect of the Loma Prieta
earthquake.—In the NIPA's, earthquake damage to structures and equipment is estimated at $13 billion in constant dollars and $15 billion in current dollars (annual rates). These estimates are based on information from
an insurance industry trade association and from officials of Federal and
California disaster agencies.
These very rough estimates cover
only damage to structures and equipment owned by businesses (including damage to owner-occupied residences). Note, in particular, that damage to structures owned by governments (such as roads and bridges) is
excluded because those structures are
treated in the NIPA's as purchases on
current account and are, therefore, not
capitalized.2
1. The regularly featured estimates of real GNP and
GNP prices are based on 1982 weights. An alternative measure of price change that uses more current
weights—the chain price index—is published in table
8.1 of the "Selected NIPA Tables." The GNP chain price
index can be used to calculate an alternative measure
of real GNP growth based on more current weights; this
measure of GNP increased at annual rates of */2 percent in the fourth quarter and 3a/2 percent in the third.
Growth of real GNP in 1987 dollars, another measure
based on more current weights, will be published in the
"Reconciliation and Other Special Tables" in the February SURVEY OF CURRENT BUSINESS.
2. In its annual estimates of tangible wealth (usually
published in August issues of the SURVEY OF CURRENT
BUSINESS) BEA does estimate the stock of government-
Four types of income were affected
by the earthquake: Rental income of
persons, proprietors' income, corporate
profits, and compensation of employees. These incomes are not available
in constant dollars in the NIPA's; the
following estimates are in current dollars and are expressed at annual rates.
Uninsured earthquake damage reduced rental income of persons 1by $6
billion, proprietors' income by $! /2 billion, and corporate profits by $4 billion.
In addition, benefits paid by insurance
companies reduced their profits by
$3^2 billion, for a total effect on corporate profits of $7*/2 billion. (Corporate
profits for the fourth quarter will be
published in the March 1990 SURVEY.)
The total reduction in these incomes
was very similar to that caused by
Hurricane Hugo in the third quarter;
however, the effect on the individual
components was quite different. Insurance protection against earthquake
damage is much less prevalent than
against hurricane damage. Thus, most
of the damage to residences caused
by the earthquake was reflected in reduced rental income of persons; most
of the damage caused by the hurricane was reflected in reduced insurance company profits.
owned fixed capital. Earthquake damage to these stocks
is estimated at $3 billion in current dollars and $2*/2
billion in constant dollars (not annual rates). In contrast, third-quarter hurricane damage to governmentowned property was assumed to be negligible.
NOTE.—Quarterly estimates in the national income and product accounts are expressed at
seasonally adjusted annual rates, and quarterly changes are differences between these rates.
Quarter-to-quarter percent changes are annualized. Real, or constant-dollar, estimates are expressed in 1982 dollars. The advance GNP estimate for the fourth quarter is based on the
following major source data, some of which are subject to revision. (The number of months for
which data were available is shown in parentheses.)
Personal consumption expenditures: Sales of retail stores (3), and unit auto and truck
sales (3);
Nonresidential fixed investment: Unit auto and truck sales (3), construction put in place (2),
manufacturers' shipments of machinery and equipment (2), and exports and imports of
machinery and equipment (2);
Residential investment: Construction put in place (2), and housing starts (3);
Change in business inventories: Manufacturing and trade inventories (2), and unit auto inventories (3);
Net exports of goods and services: Merchandise exports and merchandise imports (2);
Government purchases of goods and services: Federal outlays (2), and State and local construction put in place (2);
GNP prices: Consumer Price Index (3), Producer Price Index (3), nonpetroleum merchandise
export and import price indexes (3), and values and quantities to calculate a unit-value
index for petroleum imports (2).
Effective with this estimate of GNP, BEA is using the monthly export and import prices that
have been published on a regular basis by the Bureau of Labor Statistics since early 1989.
Unit-value indexes previously published by the Bureau of the Census were discontinued after
July 1989. BEA continues to calculate a unit-value index only for petroleum imports.
January 1990
The impact of the earthquake on
rental income of persons and on proprietors' income lowered fourth-quarter
personal income by $7*/2 billion; a $x/2
billion increase in wages and salaries
paid in rescue and cleanup operations
offset this reduction only slightly.
Motor vehicles.—Motor vehicle output declined 22^2 percent in the fourth
quarter after a moderate decline in the
third. Sales plummeted even more—
almost 50 percent—after a large increase. Reflecting the bigger drop in
sales than in production, inventories
increased $5^2 billion after declining
$11 billion in the third quarter.3
Boosted by the most attractive salesincentive programs ever offered by
manufacturers, new car sales had
surged to 10.8 million units (seasonally adjusted annual rate) in the third
quarter. (See "Motor Vehicles, Model
Year 1989" in the November 1989
SURVEY for a discussion of the factors
underlying the weak sales in the spring
that had induced manufacturers to offer these programs.) With the expiration of the programs and the announcement of substantial price increases at
the beginning of the 1990 model year,
car sales tumbled to 8.7 million units in
the fourth quarter—their lowest level
since the first quarter of 1983. Late in
the fourth quarter, manufacturers introduced new incentives, but they were
not as attractive or as widespread as
those in the third. Sales recovered
slightly in December, but not nearly
enough to make up for the falloff in October and November.
The quarterly pattern of new truck
sales, also affected by incentive programs, was similar to that of new cars.
Truck sales jumped to 5.4 million units
in the third quarter and then fell to 4.6
million in the fourth.
GNP in 1989
The economic recovery/expansion
from the business cycle trough of
November 1982 continued:
1989
marked the seventh consecutive year of
expansion, by far the longest peacetime
expansion in U.S. history. No previous
peacetime expansion exceeded 5 years.
3. Constant-dollar motor vehicle output, final sales,
and inventory change are shown in tables 1.18 (autos)
and 1.20 (trucks) of the "Selected NIPA Tables."
SURVEY OF CURRENT BUSINESS
January 1990
The pace of expansion slowed considerably in 1989, however, as was foreseen by private economic forecasters
at the end of 1988 and as was intended by monetary authorities concerned about a possible resurgence of
inflation. Evidence of slowing abounds:
Real GNP increased 3 percent (during
the current expansion, only the 2^2percent increase in 1986 was lower) after a 4x/2-percent increase in 1988 (table 1). Civilian employment rose 0.2
percentage point less than in 1988, and
the unemployment rate fell 0.5 percentage point less. The Federal Reserve Board index of industrial production increased 3.3 percent in 1989 after increasing 5.7 percent in 1988; the
manufacturing capacity utilization index changed little after increasing 2%
percentage points in 1988.
With only one exception, all major
components of GNP increased less (or
declined more) than in 1988; slowdowns in exports and in nonresidential fixed investment were particularly
pronounced and accounted for fourfifths of the deceleration in GNP. The
only major component to increase more
than in 1988 was government purchases of goods and services, which rebounded from a 1988 level that had
been depressed by sizable withdrawals
of crops from Commodity Credit Corporation inventories during and after
the 1988 drought. (Withdrawals are
treated as negative purchases in the
NIPA's.)
Although the 11-percent increase in
exports in 1989 was lower than in
the boom years of 1987 and 1988, it
was higher than the growth rates in
all other years of the current expansion. Exports started the year strong
but weakened dramatically in the third
quarter. In merchandise exports, the
weakening was evident in all end-use
categories except in industrial supplies
and materials and in consumer goods,
each of which increased at about the
same rate as in 1988. Import growth
slowed only slightly, from 7 percent in
1988 to 6*2 percent in 1989. The pattern of imports differed from that of exports; imports started the year weak
and were strong thereafter.
Nonresidential fixed investment increased S1^ percent in 1989, less than
in any other year of the current expansion except 1983 and 1986, when
it declined. Investment both in structures and in producers' durable equipment weakened in 1989: Structures
slipped 1^2 percent after no change in
1988, and producers' durable equipment slowed to a 5-percent rate of increase from llx/2 percent. Investment,
which had been anemic in the second
half of 1988, rebounded in the first half
of 1989 but then ebbed again, doubtless reflecting lower corporate profits,
reduced cash flow, and the weakening
of foreign and domestic demand.
Personal consumption expenditures
slowed in 1989, mirroring a slowdown
in the growth of real disposable personal income. A $3x/2 billion drop in inventory investment, from $28 billion to
$24x/2 billion, was more than accounted
for by nonfarm inventories. Residen-
tial investment fell more than in 1988,
reflecting a sharper decline in singlefamily construction.
Components of Real GNP in
the Fourth Quarter
Residential investment and government purchases of goods and services
were the only major components of final sales to increase in the fourth quarter. More than one-half of the increase in residential investment was
accounted for by brokers' commissions;
government purchases were boosted by
inventory transactions of the Commodity Credit Corporation that more than
offset a decline in defense purchases.
In the other major components, the
steep drop in purchases of motor vehicles more than accounted for the declines in personal consumption expenditures and nonresidential fixed investment and, indirectly, for the increase
in inventory investment. Lower exports of civilian aircraft, reflecting the
strike in the aircraft industry, more
than accounted for the decline in net
exports.
Personal consumption expenditures
Real personal consumption expenditures (PCE) changed little in the fourth
quarter after a strong increase in the
third; in the first two quarters of the
year, increases had been modest (table
2). Fourth-quarter PCE was held down
Table 2.—Real Personal Consumption Expenditures
[Seasonally adjusted at annual rates]
Table 1.—Changes From Preceding Year in Real
Gross National Product and Prices 1
Billions of 1982 dollars
[Dollars are in billions of 1982 dollars]
Level
Percent change from preceding
quarter
Change from preceding quarter
1989
Dollars
1989
GNP
Prices
Real GNP
1989:IV
rv
I
II
in
IV
I
II
in
2,689.3
13.3
12,7
36.4
-0.8
2.0
1.9
5.6
-0.1
421.6
170.9
177.9
72.8
-1.2
-4.5
6.8
-3.4
5.6
.9
3.7
1.0
11.5
11.4
-1.1
1.2
-14.8
-17.5
.5
2.2
-1.1
-9.6
17.2
-17.6
5.5
2.1
8.7
6.0
11.3
28.4
-2.4
7.1
-12.9
-32.3
1.1
13.1
917.5
460.7
171.0
123.2
162.6
3.0
3.9
.4
-3.2
1.9
-5.3
-4.6
.8
-.7
-.9
11.1
1.8
7.5
.4
1.4
-3.3
-2.5
-2.3
1.9
-.3
1.3
3.4
1.0
-9.9
4.8
-2.3
-3.9
2.0
-2.3
-2.2
5.0
1.6
19.4
1.3
3.5
-1.4
-2.1
-5.2
6.4
-.7
1,350.3
375.8
169.4
84.3
85.1
101.1
305.0
398.9
11.5
1.6
-2.3
-2.6
.3
.1
5.1
7.0
12.3
2.1
1.0
.7
.2
.8
4.1
4.4
13.9
1.9
.1
-.4
.6
1.7
5.0
5.3
17.4
2.2
4.9
3.3
1.6
2.3
6.9
.9
3.6
1.8
-5.4
3.8
2.3
2.5
3.5
1.0
3.4
5.8
4.6
4.3
2.1
.2
-2.0
2.9
7.2
7.0
5.5
5.3
2.4
12.5
17.3
7.9
9.6
9.6
.9
Percent
Percent
1988 1989 1988 1989 1988 1989
Personal consumption expenditures
Durables
Gross national product
Personal consumption
expenditures
Fixed investment
Nonresidential
Residential
Change in business
inventories
Net exports
Exports
Imports
Government purchases
Addenda:
Gross domestic purchases
Final sales to domestic
purchasers
Disposable personal income
170.7 118.2
2.9
4.2
4.5
3.4 2.7
5.8 1.8
8.4 3.5
-.4 -2.7
4.3
3.2
3.4
3.1
4.7
3.9
3.8
3.9
4.4
84.7
37.6
38.3
-.7
70.1
12.1
17.3
-5.2
4.2
40.8
79.2
38.4
3.3
-3.4
18.6
57.5 17.6 10.8
38.9 6.8 6.4
.4 2.6
20.7
5.3 "111
5.0 4.1
4.6 4.7
129.8 99.6
3.3
2.4
4.2
4.6
125.6 103.0
116.6 113.5
3.2
4.4
2.5
4.1
4.1
4.6
1. GNP price index (fixed weights); based on seasonally adjusted
index numbers (1982=100).
Furniture and household equipment .
Other durables
Nondurables
Food
Clothing and shoes
Energy '
Other nondurables
Services.. .
Housing .
Household2 operation
Energy
.
Other
Transportation
Medical care
Other services....
-rll.9
1.5
.4
7.4
7.5
1. Gasoline and oil, and fuel oil and coal.
2. Electricity and gas.
NOTE.—Percent changes in major aggregates are found in table 8.1 of the "Selected NIPA Tables.' Dollar levels are found in table 2.3.
SURVEY OF CURRENT BUSINESS
January 1990
primarily by the drop in purchases of quarter. Construction of nonresiden- for PDE's decline; other categories of
motor vehicles. PCE
less motor ve- tial buildings dropped after a third- PDE increased more than in the third
hicles increased 2x/2 percent after in- quarter increase, continuing the see- quarter, although the step-up in purcreasing 4 percent in the third quarter; saw pattern that had prevailed earlier chases of industrial equipment was
the fourth-quarter increase was com- in the year. Oil well drilling posted a small.
parable to those in the first and second third consecutive increase in the fourth
Many factors point to continued requarters.
quarter, and construction by public straint in capital spending in the near
Expenditures for nondurable goods utilities posted a third consecutive future. Corporate profits and cash
declined 1 ^2 percent in the fourth quar- decline.
flow have been weak since at least
PDE dropped 4x/2 percent in the the end of 1988; increases in real fiter after climbing 5 percent in the
third. Clothing and shoes accounted fourth quarter after an increase of nal sales (excluding inventory transacfor two-thirds of the downswing, al- about the same amount in the third. A tions of the Commodity Credit Corpothough all major components except steep drop in purchases of transporta- ration) have been modest or nonexisfuel oil and coal declined in the fourth tion equipment more than accounted tent; and capacity utilization in manquarter after increasing in the third.
The large downswing in clothing and
shoes reflected a large upswing in
Table 3.—Real Gross Private Domestic Fixed Investment
prices. Fuel oil and coal jumped in the
fourth quarter, in response to the se[Seasonally adjusted at annual rates]
vere cold weather in much of the counBillions of 1982 dollars
Percent change from preceding
try in December.
quarter
Level
Change from preceding quarter
Expenditures for services increased
1989
1989
5*/2 percent in the fourth quarter af1989:IV
I
II
rv
ffl
I
n
IV
in
ter increasing 4^2 percent in the third.
All components except "other" services Gross private domestic fixed investment
5.8
4.1
700.1
2.4
-2.6
3.4
2.0
1.1 -1.5
contributed to the acceleration. ElecNonresidential
..
514.0
10.4
8.3
-3.9
6.5
8.6
5.2
6.9
-3.0
tricity and gas (also affected by the
Structures
-.3
.4
-3.0
120.8
-9.5
-1.0
2.3
8.0
1.3
Nonresidential buildings, excluding farms
severe cold), transportation services,
-3.2
77.1
-.6
1.7
9.0 -15.1
-3.1
5.9
1.1
Public utilities .
.3
23.2
-.4
-.4
-.5
-7.9
5.1
-6.5
-6.6
and medical care services all had sizMining exploration shafts, and wells
.
-2.1
15.8
.2
1.6 -45.3
6.3
38.1
53.3
Other
-.2
.6
4.7
-.1 -18.1
77.3
-8.1
29.5
'.3
able increases. "Other" services inProducers' durable equipment
8.6
393.3
4.4
13.3
14.8
-4.3
9.6
4.6
-4.3
creased slightly after a substantial inInformation processing and related equipment
8.1
195.3
4.2
8.8
21.0
20.2
2.0
9.1
4.3
Industrial equipment
-1.4
2.9
74.0
.5
0
-7.3
0
17.1
2.7
crease; the slowdown was mostly due
Transportation and related equipment
-4.0
4.1
55.1
2.1
-11.8
29.9
-22.5
13.6 -54.0
Other
.
1.5
69.0
3.0
11.8
10.0
.3
.1.8
19.5
1.8
to unusually small increases in expenResidential
-2.5
ditures for private education and re186.0
1.2
-6.3
-4.5
-9.2
-5.0 -12.3
2.6
.4
Single-family structures
-7.2
-3.2
88.6
.7
3.2
1.6 -26.2 -13.3
search and for religious and welfare
Multifamily structures
.3
.3
18.1
6.4
-.7
-14.1
6.3 -18.7
-1.0
Other
-3.1
79.4
.6
1.4 -14.5
-.4
-2.0
3.1
7.4
services.
Factors usually associated with conNOTE.—Percent changes in major aggregates are found in table 8.1 of the "Selected NIPA Tables." Dollar levels are found in table 5.13.
sumer spending weakened, but only a
little, in the fourth quarter. Real disposable personal income decelerated,
but its 3^2-percent increase over the
CHART 2
past four quarters equaled its averHousing Starts
age rate of growth over the expanMillion
of units
sion. Consumer confidence (as measured by the Index of Consumer Sen- 2.5
timent prepared by the University of
Michigan's Survey Research Center)
declined slightly but remained at a 2.0
Total
level that historically has been associated with a healthy economy. (The dip
in consumer confidence reflected small 1.5
step-ups in the inflation and unemployment rates.)
Nonresidential fixed investment
1.0
Real nonresidential fixed investment
Multifamily
A-\ r^s
declined in the fourth quarter after an
\f
increase in the third quarter and larger 0.5
increases in the first two quarters (table 3). Structures edged up slightly
I I I I I I I I I I M I I I I I I I I M I I i M I i I I I 111. I I M
in the fourth quarter, but producers' 0
1988
1986
1987
1985
durable equipment (PDE)
dropped.
Seasonally Adjusted at Annual Rates
Structures increased l1^ percent after an 8-percent increase in the third U.S. Department of Commerce, Bureau of Economic Analysis
I I I I II M I ' l l I 1 I I
1989
SURVEY OF CURRENT BUSINESS
January 1990
ufacturing dropped in the third and
fourth quarters. Interest rates are
one of the few factors that had been
pointing in the other direction: The
yield on new issues of high-grade corporate bonds dropped almost 1 percentage point from the first to the fourth
quarters, but it moved up during the
fourth quarter.
Residential investment
Real residential investment increased in the fourth quarter after
three consecutive quarterly declines.
Small changes in single-family and
multifamily construction were offsetting, while "other" residential investment increased. (The "other" compo-
nent includes major replacements, additions and alterations, mobile home
sales, and brokers' commissions on
house sales.)
Single-family construction increased
3 percent in the fourth quarter. Singlefamily starts, however, declined 7^2
percent—partly because of the very
cold weather—after changing little in
the second and third quarters (chart
2). The divergence between construction and starts reflected an increase in
the average value of starts.
Multifamily construction declined 14
percent after a decline of 18^2 percent
in the third quarter. Fourth-quarter
multifamily construction was 38 percent below its peak in the second quar-
Table 4.—Change in Real Business Inventories
[Billions of 1982 dollars; seasonally adjusted at annual rates]
Change from preceding quarter
Level
1988
. .,
1989
n
m
n
III
IV
24.5
19.1
21.9
32.6
6.2
-5.4
2.8
10.7
7.6
-.5
5.6
1.3
21.2
-8.1
6.1
-4.3
IV
I
18.3
-13.6
Change In business inventories
Farm
1989
I
IV
Nonfarm
Manufacturing ,
Wholesale trade
Retail trade
Auto dealers
Other retail trade
Other.
31.9
12.2
1.9
11.6
6.6
5.0
6.2
16.9
3.8
-2.4
8.4
9.0
-.6
7.1
19,5
8.3
4.5
2.6
-3.0
5.6
4.1
16.2
12.0
2.4
-1.6
-9.0
7.4
3.4
31.3
4.7
8.3
13.8
3.2
10.6
4.5
-15.0
-8.4
-4.3
-3.2
2.4
-5.6
.9
2.6
4.5
6.9
-5.8
-12.0
6.2
-3.0
-3.3
3.7
-2.1
-4.2
-6.0
1.8
-.7
15.1
-7.3
5.9
15.4
12.2
3.2
1.1
Addendum:
Nonfarm less auto dealers
25.3
7.9
22.6
25.2
28.1
-17.5
14.7
2.6
2.9
NOTE.—Dollar levels for most inventories are found in table 5.11 of the "Selected NIPA Tables."
3
Selected Interest Rates
IIM
1985
>
1986
Data: FRB, FLHLMC.
U.S. Department of Commerce, Bureau of Economic Analysis
«*«* !«»»»***
i
i
M I I KM I M I I I I I I I I I I I I I I I I I M I I I I I I I I I I I I I I
1987
1988
1989
ter of 1986. The rental vacancy rate,
although declining in the fourth quarter, remained high at 6.8 percent.
The increase in the "other" component was largely in brokers' commissions and reflected increases in both
the average sales price and the number of houses sold. The increase in
house sales, in turn, reflected declining mortgage interest rates (chart 3).
Additions and alterations and major
replacements also increased, as homeowners repaired damage caused by the
hurricane and the earthquake.
Inventory investment
Real inventory investment—that is,
change in 1business inventories—
increased $10 /2 billion in the fourth
quarter, as businesses added $32^2 billion to their inventories after adding
$22 billion in the third quarter (table 4). Inventory investment had increased $3 billion in the third quarter.
The fourth-quarter pickup in inventory
investment was accounted for by nonfarm inventories.
Nonfarm inventories increased
$311/2 billion in the fourth quarter, almost double the rates of accumulation in the preceding three quarters.
For the year as a whole, accumulation
amounted to $21 billion, $9*/2 billion
less than in 1988. All major categories
of nonfarm inventories increased less
than in 1988.
In the fourth quarter, most of the
pickup in nonfarm inventory investment was accounted for by a sharp upswing in inventories held by retail auto
dealers, although all categories except
manufacturing contributed.
In manufacturing, inventory accumulation slowed considerably in the
fourth quarter. The slowdown was
largely in nondurables, where most
categories declined or changed little after several quarters of accumulation.
In durables, inventories of transportation equipment other than motor vehicles continued to grow strongly.
Wholesale trade inventories increased substantially more than in the
third quarter. A sharp upswing in inventories of merchant wholesalers was
accounted for partly by inventories of
foreign autos and partly by inventories of groceries and farm products.
Inventories of nonmerchant wholesalers declined after increasing; the
downswing was largely in inventories
held in petroleum bulk stations and
terminals.
6
SURVEY OF CURRENT BUSINESS
Inventories of retailers other than
auto dealers again increased strongly.
In durables, the fourth-quarter accumulation was mainly in furniture and
appliance dealers; hvnondurables, it
was in food stores and department
stores.
Farm inventories increased $!1/2 billion after a $5T/2 billion increase. For
the year as a whole, farm inventories
increased $3a/2 billion; in 1988 they
had declined $3 billion. In the fourth
quarter, a downswing in inventories of
crops held by farmers resulted from
the combination of a pickup in market sales and a slowdown in net withdrawals of crops from the Commodity
Credit Corporation under the commodity loan program.
Reflecting the higher rate of inventory accumulation and the slower pace
of final sales, the ratio of nonfarm business inventories to final sales of business moved up to 2.83 in the fourth
quarter. The fourth-quarter ratio was
slightly above the 2.80 to 2.82 range
of the past 2 years, but it (along
with other aggregate inventory-sales
ratios) was still quite low by historical
standards.
An alternative set of constant-dollar
inventory-sales ratios for the manufacturing and trade industries paint a
similar picture while providing more
detailed information about inventory
developments in 1989. (Manufacturing and trade inventories account for
approximately 83 percent of total nonfarm business inventories; manufacturing and trade sales include intermediate sales—that is, sales from one
industry to another—as well as sales
to consumers.) Based on data through
November, the inventory-sales ratio
for manufacturing and trade edged up
over the course of 1989 (table 5). In
particular, the ratio for manufacturing moved higher; the rise was due
to a steady buildup in inventories of
durable goods. The ratio for retail
trade also was higher at the end of the
year than at the beginning; part of this
buildup was in inventories held by auto
dealers and part was in inventories of
retailers of nondurable goods.
Net exports
Real net exports fell $4^2 billion in
the fourth quarter, almost as much as
in the third (table 6). Net exports began the year with a large increase—
with exports jumping and imports edg-
[Ratio, based on 1982 dollars]
1988
IV
1989
I
II
III
IV
[Seasonally adjusted at annual rates]
Billions of 1982 dollars
Level
1989
1989
Net exports of goods and services
..
Imports
Merchandise
Petroleum
Nonpetroleum
Services
ra
II
I
IV
I
n
m
IV
-61.8
18.8
3.8
-5.9
-4.7
600.2
397.6
39.9
357.7
202.6
18.3
13.9
3.9
10.1
4.4
17.8
14.4
.6
13.8
3.4
5.6
3.7
-3.6
7.3
1.9
7.1
7.0
2.8
4.2
.1
14.0
16.4
50.6
13.1
9.4
13.1
16.4
6.1
17.7
7.1
3.9
3.9
-31.0
8.7
3.8
4.9
7.4
33.8
4.8
.2
662.0
515.9
96.0
419.9
146.1
-.6
-6.0
-2.4
-3.6
5.3
14.1
10.1
3.7
6.4
3.9
11.5
16.8
5.8
11.0
-5.2
11.8
11.6
—1 4
13.0
.2
-.4
-4.9
-10.2
-3.6
15.8
9.3
8.7
17.9
6.7
11.0
7.4
14.5
27.8
11.6
-13.1
7.5
9.5
-5.6
13.4
.5
NOTE.—Percent changes in major aggregates are found in table 8.1 of the "Selected NIPA Tables.' Dollar levels are found in table 4.2 (for
major aggregates) and table 4.4 (for end-use category detail).
Table 7.—Real Government Purchases of Goods and Services
Inventories and sales for
manufacturing and trade:
[Seasonally adjusted at annual rates]
1 48
154
134
1.53
1.78
1.45
1 50
157
133
1.55
1.93
1.45
1 50
157
1.33
1.55
1.88
146
1 49
1.58
1.32
1.52
1.72
146
1 51
159
1.32
1.56
1 84
1 48
1. All ratios are based on end-of-quarter inventories and quarterly
sales at monthly rates. Thus, the ratios measure the number of months
that the current rate of sales could be sustained from the current level
of inventories. For the first set of ratios, sales are limited to those to
final users. For the second set of ratios, sales reflect various degrees of
double counting. (For example, manufacturers' sales include interplant
transfers within the same company, intercompany sales within the same
industry, and interindustry sales within manufacturing.) Ratios shown
for manufacturing and trade for the fourth quarter of 1989 are those for
the month of November.
NOTE.—Dollar levels for most inventories and final sales of business
are found in table 5.11 of the "Selected NIPA Tables." Manufacturing
and trade inventories and sales estimates are published in the March,
June, September, and December issues of the SURVEY OF CURRENT
BUSINESS.
Percent change from preceding
quarter
Change from preceding quarter
1989.-IV
Inventories and final sales of
business:
Inventories to final sales
3.05 3.05 3.04 3.04 3.07
2.82 2.81 2.80 2.80 2.83
Nonfarm inventories to final sales
Nonfarm inventories to final sales of
goods and structures
.. .. 458 456 4.55 4.57 467
Manufacturing
Merchant wholesalers
Retail trade
Auto dealers
Other
ing down—but increased much less
in the second quarter when imports
surged.
Merchandise trade was responsible
for the fourth-quarter decline, as exports increased but imports increased
more. Merchandise exports increased
$7 billion (or 7^2 percent) in the fourth
quarter after increasing $3!/2 billion
in the third. Agricultural exports rebounded from a third-quarter drop that
reflected, in part, lower corn shipments
to the Soviet Union and lower soybean shipments to Western Europe.
Nonagricultural exports increased in
the fourth quarter, but little more than
one-half as much as in the third. Nonagricultural exports were held down in
the fourth quarter by a sharp drop in
exports of civilian aircraft, reflecting
the strike; other nonagricultural exports, for the most part, posted larger
increases than in the third quarter.
Merchandise imports increased
$H1/2 billion (or 9x/2 percent) in the
fourth quarter after increasing $17
Table 6.—Real Net Exports of Goods and Services
Exports
Merchandise
Agriculture
Nonagriculture .
Services
Table 5.—Constant-Dollar Inventory-Sales Ratios '
January 1990
Percent change from preceding
quarter
Billions of 1982 dollars
Level
Change from preceding quarter
1989
1989
1989:IV
Government purchases of goods and services
Federal
National defense
...
...
Nondefense . .
Commodity Credit Corporation inventory change
Other .
...
State and local
Structures
Other....
...
;
i
II
in
IV
I
n
III
807.9
-6.7
10.6
-5.0
2.6
-3.3
5.4
-2.4
333.6
254.7
79.0
-4.7
83.7
-8.4
-7.2
-1.2
-1.1
-.1
8.1
1.4
6.7
6.4
.3
-7.5
4.3
-11.8
-10.8
-1.0
-2.5
-5.4
3.0
3.0
0
-9.4
-10.6
-5.7
10.0
2.2
37.4
-8.4
6.9
-43.9
-2.9
-8.0
16.7
-.5
1.4
-4.6
0
474.2
58.7
415.5
1.7
-1.3
3.0
2.5
-.5
3.0
2.5
-.5
3.0
5.0
1.7
3.3
1.5
-8.5
3.0
2.2
-3.4
3.0
2.2
-3.4
3.0
4.3
12.5
3.2
IV
1.3
NOTE.—Percent changes in major aggregates are found in table 8.1 of the "Selected NIPA Tables." Dollar levels are found in table 3.8B.
January 1990
billion in the third. Petroleum imports edged down, but imports of nonpetroleum products registered their
largest increase in 2 years. Among
nonpetroleum imports, capital goods
(except autos) registered the biggest increase (as computer imports jumped
for the fourth consecutive quarter), but
most other end-use categories also registered sizable increases.
Small fourth-quarter increases in
exports and imports of services reflected changes in interest income that
were primarily due to changes in the
amounts borrowed and lent rather
than to changes in interest rates.
SURVEY OF CURRENT BUSINESS
Prices
After slowing in the third quarter,
inflation moved about one-half of the
way back up toward the rates registered in the first half of the year. The
GNP price index (fixed weights) increased 4 percent in the fourth quarter
after increasing 3 percent in the third
quarter and 5 percent in the first and
second quarters (table 8). The price index for gross domestic purchases (fixed
weights) increased
4 percent after increasing 2x/2 percent in the third quarter and 5*/2 percent in the first and second quarters.
In the fourth quarter, as in the first
two quarters of the year, the increase
in gross domestic purchases prices was
Government purchases
larger than the increase in GNP prices.
(Differences in the changes in these
Real government purchases in- two price measures reflect prices of excreased in the fourth quarter af- ports and imports.) In the fourth quarter a decline in the third; some- ter, export prices increased less than
what larger ups and downs had import prices. Sharp changes in import
been posted in the first two quar- prices in recent quarters are largely
ters (table 7), The fourth-quarter traceable to imported petroleum. Imincrease—as well as the third-quarter ported petroleum prices swung to a
decline—reflected the pattern of Com- 241/2-percent increase in the fourth
modity Credit Corporation (CCC) in- quarter from a 30-^2 percent decline
ventory transactions; government pur- in the third. Among nonpetroleum
chases excluding CCC inventory trans- merchandise imports, auto prices inactions declined slightly after an creased the most—9 percent. (Esincrease.
timates of export and import prices
Federal defense purchases declined are based primarily on newly available
a
$5 /2 billion in the fourth quarter, monthly series compiled by the Bureau
following a $4*/2 billion increase in of Labor Statistics; see box on page 2.)
the third. The decline was concentrated in purchases of military equipment. Spending on national defense
Table 8.—Price Indexes (Fixed Weights): Change
declined for the second consecutive
From Preceding Quarter
year—the first back-to-back declines in
[Percent change at annual rates; based on seasonally adjusted index
annual defense spending since 1975numbers (1982=100)]
76—reflecting declining budget authorIS>89
ity for procurement since fiscal year
in IV
II
I
1985.
In nondefense purchases, the level of GNP
2.9 3.8
4.8 5.0
CCC inventories declined in the third
-.4
Less.' Exports
1.6
1.7
2.5
and
fourth quarters—$7^2 billion and
Plus' Imoorts
-44
86
51
57
x
$4 /2 billion, respectively. These de- Equals: Gross domestic purchases
4.1
5.5
5.4
2.5
clines continued the series of decumuLess: Change in business inventories
lations that began in the second quar- Equals: Final sales to domestic
2.5
4.1
purchasers
5.5
5.3
ter of 1987 and that was interrupted
2.2
4.4
Personal consumption expenditures
4.8
6.3
only by a small increase in the second
2.7
4.7
Food
5.6
7.8
47 31 5 -94 -1 4
quarter of 1989.
Eneruv
Other personal consumption
State and local government pur46 39
32 49
expenditures
4.2
Nonresidential structures
3.1
5.3
3.9
chases increased $5 billion in the
Producers' durable equipment
4.4
2.2
2.6
3.7
fourth quarter, twice as much as in
Residential investment
2.0
5.8
7.2
4.6
Government purchases
8.0
3.3
2.8
3.6
the third. Most of the pickup was in
structures, which increased after three Addenda:
-7.6
Merchandise imports
4.6
11.1
6.7
Petroleum and products
113.8 99.2 -30.6
24.5
quarters of decline; other components
-3.4
Other merchandise
2.6 -2.6
1.9
included small amounts for the cleanup
NOTE.—Percent
changes
in
major
aggregates
are
found
in
table
8.1
and rescue operations associated with of the "Selected NIPA Tables." Most index number levels are found
the hurricane and earthquake.
in tables 7.1 and 7.3.
PCE prices increased 4^2 percent in
the fourth quarter after a 2-percent
increase in the third. Food, energy,
and "other" PCE prices all contributed
to the acceleration. PCE food prices
rose more than in the third quarter
but less than in the first half of the
year. The pickup, to 4^2 percent, was
mainly due to a turnaround in pork
prices and a surge in prices of dairy
products and fresh fruits.
PCE energy prices declined l1^ percent
in the
fourth quarter following a 91/2-percent
decline in the third. Gasoline prices
fell 14 percent, somewhat less than in
the third quarter. Prices of electricity and gas increased 5 percent after a
small decline. "Other" PCE prices increased 5 percent in the fourth quarter
after a 3-percent increase in the third;
the pickup was mostly due to rebounds
both in new car prices—reflecting both
increased list prices and less generous sales incentives—and in clothing
prices.
Among the components of fixed
investment, prices of nonresidential
structures continued to decelerate. A
pickup in PDE prices in the fourth
quarter was largely in prices of motor vehicles and communication equipment. Prices of residential structures
slowed again.
Prices of government purchases increased 3^2 percent in the fourth quarter after a 3-percent increase in the
third. The pickup was in prices of Federal defense purchases.
Personal Income
Personal income increased much
more in the fourth quarter than in the
third (chart 4 and table 9). About onehalf of the acceleration was accounted
for by a turnaround in Federal subsidy
payments to farm proprietors.
Wage and salary disbursements
were up $49x/2 billion in the fourth
quarter, $3*/2 billion more than in
the third. All major private industry
components except manufacturing contributed to the step-up, reflecting further gains in employment and average
hourly earnings. Manufacturing wages
and salaries were up less than in the
third quarter; they were boosted $2x/2
billion by bonus payments to employees in the motor vehicle industry, but
they were depressed $!1/2 billion by the
strike in the aircraft industry.
8
January 1990
SURVEY OF CURRENT BUSINESS
Farm proprietors' income increased
in the fourth quarter after a substantial decline in the third. Most of the upswing was due to^ederal agricultural
subsidy payments, which increased $6
billion after declining $8 billion. The
fourth-quarter increase in subsidies included Conservation Reserve Program
payments and drought assistance payments. Farm income excluding subsidies declined for the third consecutive
quarter; the fourth-quarter decline was
due to lower farm prices.
Nonfarm proprietors' income and
transfer payments increased some4
come, personal dividend income, and
personal interest income—increased
about as much as in the third quarter.
Personal contributions for social insurance, which are subtracted in determining the personal income total, registered another small increase.
Personal tax and nontax payments
increased $16 billion in the fourth
quarter, following a $3^2 billion decline
in the third. The increase largely reflected growth in the taxable earnings
base. The pattern of changes in the
several preceding quarters was largely
due to the effects of the Tax Reform Act
of 1986.
Disposable personal income (DPI) increased 7^2 percent in the fourth quar-
what more than in the third quarter.
The increase in transfer payments reflected retroactive social security payments to recent retirees and disaster
assistance payments in the aftermath
of Hurricane Hugo and the Loma Prieta earthquake.
Rental income of persons declined
slightly—the fifth consecutive quarterly decline. In the third quarter,
rental income was reduced $3 billion
by the hurricane; in the fourth quarter,
it was reduced $6 billion by the earthquake. The reductions reflected uninsured losses, which are deducted as an
expense in deriving rental income.
Each of the remaining components
of personal income—other labor in-
Selected Personal Income
and Saving Measures
Table 9.—Personal Income and Its Disposition
Billion $
150
[Billions of dollars; seasonally adjusted at annual rates]
Change from preceding quarter
Level
120-
1989
1989:IV
Wage and salary disbursements
Commodity-producing industries
Manufacturing
Other.
Distributive industries
Service industries
Government and government enterprises
•.
.
.
2,704.0
750.4
559.9
190.5
631.2
835.3
487.1
in
II
I
55.6
11.9
8.2
3.7
11.3
21.7
10.6
48.1
7.1
3.6
3.5
12.0
22.4
6.6
IV
45.9
8.9
5.8
3.1
8.6
21.6
6.7
49.3
7.8
4.2
3.6
11.8
22.9
6.9
Other labor income
255.3
4.8
4.7
4.7
4.6
Proprietors' income
Farm
Nonfarm
350.9
38.8
312.0
31.0
27.0
4.0
-3.8
-7.7
3.9
-12.2
-15.2
3.0
7.6
2.7
4.8
5.1
115.7
679.5
-4.3
3.0
30.4
-2.0
2.0
26.1
-4.4
1.8
12.7
-.3
2.5
11.7
649.0
22.6
10.4
9.6
12.6
218.5
10.4
3.0
2.4
3.1
4,540.9
132.6
82.5
55.6
85.0
665.0
30.5
18.8
11.7
24.3
9.6
14.7
-3.5
-16.1
12.6
15.9
.3
15.6
3,875.9
102.1
58.2
59.1
69.1
Less' Personal outlays
3,652.2
59.8
63.2
64.7
40.5
Equals' Personal saving
223.7
423
-5.0
-5.6
28.6
Rental income of persons
Personal dividend income
Personal interest income
Transfer payments
...
.
•
.
..
.
Less' Personal contributions for social insurance
...
.
Personal income
Less' Personal tax and nontax payments.
Impact of the Tax Reform Act of 1986 *
Other
Equals: Disposable personal income.
..
Addenda: Special factors in personal income 2
In wages and salaries:
Federal Government and Postal Service pay adjustments
In farm proprietors' income:
Agricultural subsidy payments
4.4
-1.7
.3
-4.1
In rental income of persons:
Uninsured losses due to hurricane and earthquake
In transfer payments:
Social security retroactive payments
Cost-of-living increases in Federal transfer payments
In personal contributions for social insurance:
Social security rate and base changes and increase in premium for
supplementary medical insurance
-8.2
-3.1
1.2
11.8
.1
-.5
6.0
-3.0
.5
6.1
1. Estimates of the impact of the Tax Reform Act of 1986 on Federal Government personal tax payments and indirect effects on State and
local government personal tax payments.
2. The impact of the Loma Prieta Earthquake on several components of personal income is discussed near the beginning of the "Business
Situation."
NOTE.—Most dollar levels are found in table 2.1 of the "Selected NIPA Tables."
1986
1987
1988
1989
Based on Seasonally Adjusted Annual Rates
Note—Changes are from preceding quarter.
U.S. Department of Commerce, Bureau of Economic Analysis
.2
90-1-4
January 1990
ter, compared with a 6^2-percent increase in the third. Real DPI increased
2J/2 percent, following a 4^2-percent
increase; the fourth-quarter deceleration reflected the acceleration in PCE
prices.
Personal outlays—largely PCE—
were up substantially less than DPI in
the fourth quarter. As a result, per-
SURVEY OF CURRENT BUSINESS
sonal saving jumped after two quarters of decline. The personal saving
rate rose 0.7 percentage point to 5.8
percent, the highest level in the last
4 years. In the past, large changes
in consumer purchases of motor vehicles have been associated with changes
in the opposite direction in the saving rate. These purchases (indeed,
durable goods purchases in general)
may be viewed as an alternative kind
of saving—an accumulation of physical
capital as opposed to financial capital.
In the current expansion, 10 of the 12
largest changes in PCE for motor vehicles and parts were associated with
changes in the opposite direction in the
saving rate.
10
SURVEY OF CURRENT BUSINESS
January 1990
National Income and Product Accounts Tables
Selected NIPA Tables
New estimates in this issue: Fourth quarter 1989.
The selected set of 54 national income and product accounts (NIPA) tables shown in this section presents quarterly estimates, which are updated
monthly. (In most of these tables, annual estimates are also shown.) The full set of 132 tables usually shown in July presents annual NIPA
revisions. For more information on the presentation of the estimates, see "National Income and Product Accounts Estimates: When They are
Released, Where They Are Available, and How They Are Presented" in the July 1988 SURVEY.
The full set of estimates for 1986-88 is in the July 1989 issue of the SURVEY; estimates for 1985 are in the July 1988 issue; estimates for
1984 are in the July 1987 issue; estimates for 1983 are in the July 1986 issue. Estimates for 1929-82 are in National Income and Product
Accounts, 1929-82: Statistical Tables (GPO Stock No. 003-010-00174-7, price $23.00). These publications are available from the Superintendent
of Documents; see address on inside front cover.
The full set of NIPA tables is available on diskette for $200 per year (12 updates, for the quarterly estimates prepared each month). For more
information, write to the Bureau of Economic Analysis (BE-54), U.S. Department of Commerce, Washington, DC 20230.
Table 1.1.—Gross National Product
Table 1.2.—Gross National Product in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1988
1989
1988
Gross national product
1989
rv
m
1988
I
in
II
Durable goods
Nondurable goods
Services *
Gross private domestic investment
Fixed investment
Nonresidential ..
Structures
.
.
Producers' durable equipment
Residential
Change in business inventories
Nonfarm
Farm
Net exports of goods and services '
Exports *
Imports '
455.2 473.6 452.5 467.4 466.4 471.0 486.1
471.0
1,052.3 1,122.6 1,066.2 1,078.4 1,098.3 1,121.5 1,131.4 1,139.1
1,727.6 1,874.1 1,744.7 1,778.2 1,816.7 1,851.7 1,890.6 1,937.5
Federal
National defense
Nondefense
State and local
1989
IV
I
in
II
IV
4,024.4 4,142.6 4,042.7 4,069.4 4,106.8 4,132.5 4,162.9 4,168.1
Gross national product
4,880.6 5,233.2 4,926.9 5,017.3 5,113.1 5,201.7 5,281.0 5,337.0
Personal consumption expenditures l... 2,598.4 2,668.5 2,608.1 2,627.7 2,641.0 2,653.7 2,690.1 2,689.3
Durable goods
Nondurable goods
Services *
..
424.9 436.4 421.6
425.6 410.7
420.5 419.3
413.6
912.0
915.0 909.7 920.8 917.5
910.3
904.5 915.7
1,280.2 1,327.2 1,287.0 1,295.2 1,306.7 1,319.0 1,332.9 1,350.3
.
750.3
777.1
771.1
752.8
769.6
775.0
779.1
784.8
Gross private domestic investment
715.8
724.5
733.6
709.1
721.1
719.8
724.6
732.7
719.6
487.2
140.3
346.8
232.4
30.6
34.2
-3.6
747.7
726.5
493.2
742.0
747.6
687.9
493.8
690.8
492.7
696.6
700.7
702.7
512.5
142.4
370.1
235.1
27.4
23.6
3.8
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
Nonfarm
Farm
700.0
503.1
144.7
358.5
238.8
27.7
19.1
8.6
751.7
519.6
146.2
373.4
232.1
27.4
19.8
7.5
749.6
142.0
351.3
233.2
44.6
41.5
3.1
734.1
495.8
142.5
353.3
238.4
18.7
40.8
-22.2
121.4
371.3
198.1
18.3
31.9
-13.6
501.0
121.1
379.9
195.6
24.5
16.9
7.6
511.4
118.1
393.2
189.3
19.1
19.5
-.5
517.9
120.4
397.6
184.8
21.9
16.2
5.6
700.1
514.0
120.8
393.3
186.0
32.6
31.3
1.3
-73.7
-50.9
-66.2
-70.8
-54.0
-50.6
-45.1
-53.8
547.7
624.4
675.2
556.8
623.0
579.7
650.5
605.6
659.6
626.1
676.6
628.5
673.6
637.3
621.3
Government purchases of goods and
services
ra
IV
Personal consumption expenditures '... 3,235.1 3,470.3 3,263.4 3,324.0 3,381.4 3,444.1 3,508.1 3,547.5
1988
1989
512.5
145.1
367.4
235.2
29.4
25.2
4.2
968.9 1,036.7
381.3
298.0
83.3
587.6
404.1
302.8
101.3
632.5
514.8
147.1
367.7
234.8
35.2
38.3
-3.1
691.1
958.6 1,011.4 1,016.0 1,033.2 1,038.9 1,058.6
367.5
296.1
71.4
591.0
406.4
300.5
399.0
298.7
105.9
604.9
100.4
617.0
406.0
301.3
104.7
627.2
402.7
307.8
408.8
303.4
94.9
105.4
649.8
636.2
Net exports of goods and services '
Exports '
Imports *
Government purchases of goods and
services
Federal
National defense
Nondefense
State and local
.
,
122.2
371.6
194.1
27.9
30.7
-2.8
511.1
120.1
391.0
188.9
24.5
21.0
3.5
696.1
501.0
123.0
378.0
195.1
37.5
37.2
.3
-74.9
-56.3
-74.9
-73.8
-55.0
-51.2
-57.1
-61.8
530.1
605.0
587.6
643.9
531.9
606.9
551.4
625.2
569.7
624.6
587.5
638.7
593.1
650.2
600.2
662.0
785.1
805.8
775.9
806.4
799.7
810.3
805.3
807.9
328.9
337.2
256.2
319.8
258.8
61.0
456.1
343.9
335.5
254.4
343.6
255.8
333.6
254.7
81.1
87.8
464.2
466.7
336.1
260.1
76.0
469.2
261.5
67.4
456.2
81.0
468.6
261.6
82.3
462.5
79.0
474.2
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.3.—Gross National Product by Major Type of Product
Table 1.4.—Gross National Product by Major Type of Product in Constant
Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1988
1988
1989
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
Services
Structures
1988
1989
IV
II
I
ffl
4,850.0 5,203.8 4,882.3 4,998.7 5,085.4 5,174.3 5,253.6 5,301.8
29.4
44.6
18.7
27.7
27.4
27.4
35.2
1,931.9 2,073.5 1,955.8 1,987.4 2,030.9 2,079.1 2,096.3 2,087.9
1,901.3 2,044.1 1,911.2 1,968.7 2,003.2 2,051.7 2,068,9 2,052.7
Goods
Final sales
Change in business inventories
IV
I
II
m
IV
4,024.4 4,142.6 4,042.7 4,069.4 4,106.8 4,132.5 4,162.9 4,168.1
3,996.5 4,118.1 4,005.2 4,051.0 4,082.3 4,113.5 4,141.0 4,135.5
27.9
24.5
37.5
18.3
24.5
19.1
21.9
32.6
1,771.6 1,837.6 1,782.3 1,789.4 1,823.2 1,843.9 1,851.3 1,832.2
1,743.7 1,813.1 1,744.8 1,771.0 1,798.7 1,824.8 1,829.4 1,799.5
30.6
29.4
44.6
18.7
27.7
27.4
27.4
35.2
27.9
24.5
37.5
18.3
24.5
19.1
2L9
32.6
863.7
838.6
911.6
897.1
14.5
884.0
842.6
888.5
856.5
894.7
872.8
905.2
899.2
902.3
884.2
22.7
915.3
903.2
12.0
900.5
872.4
22.0
Durable goods
Final sales
Change in business inventories
900.8
863.4
32.0
916.5
891.5
25.0
883.6
860.9
41.4
930.1
924.9
5.2
37.3
28.1
18.1
913.0
908.0
5.0
931.3
927.2
4.2
914.6
893.6
20.9
1,068.3 1,161.9 1,071.8 1,098.9 1,136.2 1,173.9 1,166.2 1,171.3
1,062.6 1,147.0 1,068.6 1,112.2 1,130.5 1,152.5 1,144.0 1,161.2
Nondurable goods
.
Final sales
Change in business inventories
888.0
882.8
922.4
909.9
881.5
881.4
.1
888.9
898.6
920.9
930.9
914.5
6.4
916.8
14.1
920.0
902.3
917.6
905.9
11.7
25.0
5.6
14.9
3.2
-13.3
5.7
6.0
21.4
22.2
10.2
2,499.2 2,700.7 2,520.3 2,570.0 2,620.8 2,667.5 2,728.1 2,786.2
449.5
459.0
450.8
459.9
461.3
455.1
456.6
462.9
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Gross national product
Final sales
Change in business inventories
1989
1988
m
IV
4,880.6 5,233.2 4,926.9 5,017.3 5,113.1 5,201.7 5,281.0 5^37.0
30.6
1989
Services
Structures
5.2
12.5
-9.7
17.7
1,873.5 1,934.0 1,880.8 1,896.7 1,905.1 1,919.9 1,945.0 1,965.9
379.3
371.0
379.6
383.3
378.5
368.8
366.6
370.0
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
11
SURVEY OF CURRENT BUSINESS
January 1990
Table 1.5.—Relation of Gross National Product, Gross Domestic Purchases,
and Final Sales to Domestic Purchasers
Table 1.6.—Relation of Gross National Product, Gross Domestic Purchases,
and Final Sales to Domestic Purchasers in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1988
rv
III
Seasonally adjusted at annual rates
1989
1988
1989
I
1988
m
II
547.7
621.3
Equals: Gross domestic purchases 2
Less: Change in business inventories
Equals: Final sales to domestic
purchasers 3
624.4
675.2
556.8
623.0
579.7
650.5
605.6
659.6
626.1
676.6
628.5
673.6
637.3
691.1
4,954.3 5,284.1 4,993.1 5,088.1 5,167.1 5,252.3 5,326.1 5,390.9
30.6
29.4
44.6
18.7
27.7
27.4
27.4
35.2
4,923.7 5,254.7 4,948.5 5,069.5 5,139.4 5,224.9 5,298.7 5,355.7
1988
m
IV
4,880.6 5,233.2 4,926.9 5,017.3 5,113.1 5,201.7 5,281.0 5,337.0
Gross national product
Less: Exports of goods and services
Plus: Imports of goods and services
1989
Gross national product
Less: Exports of goods and services
Plus: Imports of goods and services
Equals: Gross domestic purchases 2
Less: Change in business inventories
Equals: Final sales to domestic
purchasers 3.
1989
IV
I
in
II
IV
4,024.4 4,142.6 4,042.7 4,069.4 4,106.8 4,132.5 4,162.9 4,168.1
530.1
605.0
587.6
643.9
531.9
606.9
551.4
625.2
569.7
624.6
587.5
638.7
593.1
650.2
600.2
662.0
4,099.3 4,198.9 4,117.6 4,143.2 4,161.8 4,183.7 4,220.0 4,229.9
27.9
24.5
37.5
18.3
24.5
19.1
21.9
32.6
4,071.4 4,174.4 4,080.1 4,124.9 4,137.3 4,164.7 4,198.2 4,197.3
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Purchases in the United States of goods and services wherever produced.
3. Final sales in the United States of goods and services wherever produced.
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Purchases in the United States of goods and services wherever produced.
3. Final sales in the United States of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 1.7.—Gross National Product by Sector
Table 1.8.—Gross National Product by Sector in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1988
m
IV
I
II
1988
m
4,847.3 5,199.6 4,894.7 4,982.9 5,078.5 5,170.8 5,247.4 5,301.8
,,
Households and institutions
Nonprofit institutions
Government
Federal
State and local
Rest of the world
4,153.5 4,448.4 4,194.7 4,271.1 4,347.2 4,426.7 4,489.0 4,530.5
4,087.1 4,386.1 4,119.6 4,225.5 4,280.0 4,356.0 4,431.3 4,477.0
3,685.6 3,954.3 3,714.7 3,813.5 3,862.7 3,932.5 3,992.9 4,028.9
401.5 431.8 404.9 412.0 417.2 423.5 438.5 448.2
83.2
79.1
62.3
91.3
89.0
83.7
85.6
76.1
-24.1
-25.5
-25.5
-18.3
-8.6 -16.6
-9.6 -23.4
HI
Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy
1989
IV
I
II
in
IV
4,024.4 4,142.6 4,042.7 4,069.4 4,106.8 4,132.5 4,162.9 4,168.1
3,996.3 4,115.4 4,015.6 4,040.8 4,078.5 4,107.3 4,135.9 4,140.1
3,482.9 3,587.0 3,499.7 3,521.7 3,555.7 3,580.7 3,605.1 3,606.4
3,418.2 3,528.1 3,435.5 3,474.2 3,494.5 3,518.6 3,549.7 3,549.7
3,127.9 3,231.8 3,144.3 3,181.7 3,200.8 3,223.1 3,252.6 3,250.9
290.3 296.3 291.2
292.5 293.8 295.5 297.1 298.8
71.4
72.7
77.7
61.2
80.8
76.9
76.0
77.1
-8.0 -18.8
-7.2
-13.7
-14.8
-19.7
-20.5
-20.3
210.6
9.6
201.0
190.8
9.4
181.4
195.5
9.5
186.0
201.2
9.5
191.7
207.1
9.6
197.5
214.4
9.7
204.7
219.7
9.7
210.0
Households and institutions
Private households
Nonprofit institutions
137.3
8.8
128.4
146.3
9.0
137.4
139.0
8.9
130.2
140.5
8.9
131.6
142.7
8.9
133.8
145.4
8.9
136.5
148.0
9.0
139.0
149.1
9.0
140.1
505.8
159.3
346.5
540.7
169.6
371.0
509.2
159.8
349.4
516.3
160.8
355.5
530.1
168.3
361.8
536.9
169.1
367.9
544.0
170.1
373.9
551.6
171.1
380.5
Government
Federal
State and local
376.1
125.2
250.9
382.1
126.9
255.2
376.8
125.3
251.5
378.6
126.0
252.7
380.1
126.4
253.7
381.2
126.5
254.7
382.7
127.0
255.7
384.5
127.6
256.9
33.3
33.6
32.3
34.5
34.5
31.0
33.5
35.2
28.1
27.2
27.1
28.5
28.3
25.2
27.0
28.0
Rest of the world
Addendum:
Gross domestic business product less
37443
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1988
188.0
9.4
178.7
Addendum:
g
1989
IV
4,880.6 5,233.2 4,926.9 5,017.3 5,113.1 5,201.7 5,281.0 5,337.0
Gross national product
Gross domestic product
Business
Nonfarm .
Nonfarm less housing
Housing
Farm
Statistical discrepancy
Seasonally adjusted at annual rates
1989
1988
1989
Gross domestic business product less
housing
3,183.7
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
12
SURVEY OF CURRENT BUSINESS
January 1990
Table 1.14.—National Income by Type of Income
Table 1.9.—Relation of Gross National Product, Net National Product, National
Income, and Personal Income
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1988
1989
1988
m
1988
1989
rv
I
II
Less: Capital consumption allowances
with capital consumption adjustment..
Capital consumption
allowances without capital
consumption adjustment
Less: Capital consumption
adjustment
Equals: Net national product
in
IV
513.6
552.2
515.2
524.1
533.0
541.0
565.2
569.6
526.4
539.1
528.9
531.3
532.7
533.6
544.8
545.4
12.8
-13.1
13.6
7.1
-.3
-7.3
-20.5
-24.2
4,367.1 4,681.0 4,411.7 4,493.2 4^80.1 4,660.8 4,715.7 4,767.4
393.5
29.0
-9.6
416.7
31.8
-23.4
397.0
29.4
-8.6
402.7
30.1
-16.6
407.7
30.8
-24.1
413.4
31.5
-18.3
421.5
32.2
-25.5
424.2
32.9
Plus: Subsidies less current surplus of
government enterprises
18.5
9.1
11.8
20.4
19.5
15.5
-.3
1.8
3,972.6 4,265.0 4,005.7 4,097.4 4,185.2 4,249.6 4,287.3
Less: Corporate profits with inventory
valuation and capital consumption
Compensation of employees
I
II
in
IV
, 2,907.6 3,145.4 2,935.1 2,997.2 3,061.7 3,118.2 3,171.9 3,230.1
2,429.0 2,632.0 2,452.2 2,505.1 2,560.7 2,608.8 2,654.7 2,704.0
Wages and salaries
Government and government
enterprises ...
Other
446.5 476.9 449.6 456.3 466.9 473.5 480.2 487.1
1,982.5 2,155.1 2,002.6 2,048.9 2,093.8 2,135.3 2,174.5 2,216.9
Supplements to wages and salaries
Employer contributions for social
insurance
Other labor income
Proprietors' income with inventory
valuation and capital consumption
adjustments
,
Proprietors' income with
inventory valuation adjustment....
Capital consumption adjustment
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
1989
IV
3,972.6 4,265.0 4,005.7 4,097.4 4,185.2 4,249.6 4,2873
National income
Less: Indirect business tax and nontax
liability
Business transfer payments
Statistical discrepancy
Equals: National income
1988
HI
4,880.6 5,233.2 4,926.9 5,017.3 5,113.1 5,201.7 5,281.0 5^37.0
Gross national product
1989
,
478.6
513.4
482.9
492.0
501.0
509.4
517.2
526.1
249.7
228.9
265.1
248.3
251.8
231.1
255.6
236.5
259.7
241.3
263.4
246.0
266.6
250.7
270.7
255.3
327.8
352.2
327.0
328.3
359.3
355.5
343.3
350.9
39.8
46.3
37.7
32.0
59.0
51.3
36.1
38.8
47.3
-7.5
53.5
-7.2
45.0
-7.4
39.2
-7.2
66.2
-7.2
58.4
-7.1
43.5
-7.5
45.9
-7.0
288.0
259.2
-1.5
30.3
305.9
280.4
-1.3
26.8
289.3
260.4
-1.6
30.5
296.3
267.8
-1.3
29.8
300.3
274.4
-2.5
28.5
304.2
278.7
-1.9
27.4
307.2
281.0
0
26.2
312.0
287.5
-.7
25.2
Net interest
Contributions for social
insurance
Wage accruals less
disbursements
328.6
392.9
298.2
461.1
330.9
396.4
340.2
415.7
316.3
436.1
307.8
458.4
295.2
471.5
478"4
444.6
479.3
448.2
455.2
469.7
476.4
482.0
489.2
Rental income of persons with
capital consumption adjustment
15.7
8.0
16.3
16.1
11.8
9.8
5.4
5.1
0
0
0
0
0
o
0
o
Rental income of persons
Capital consumption adjustment
65.4
-49.8
62.9
-54.9
65.8
-49.6
66.1
-49.9
62.9
-51.1
62.5
-52.7
63.8
-58.4
62.3
-57.2
Plus: Government transfer payments to
persons
...
Personal interest income
Personal dividend income
Business transfer payments
555.7
571.1
102.2
29.0
600.3
657.8
112.4
31.8
558.0
576.3
103.6
29.4
563.7
598.6
106.4
30.1
5856
629.0
109.4
30.8
595.3
655.1
111.4
31.5
604.2
667.8
113.2
32.2
616.1
679.5
115.7
32.9
328.6
298.2
330.9
340.2
316.3
307.8
295.2
4,064.5 4,428.7 4,097.6 4,185.2 4,317.8 4,400.3 4,455.9 4^40.9
Equals: Personal income
Table 1.10.—Relation of Gross National Product, Net National Product, and
National Income in Constant Dollars
[Billions of 1982 dollars]
Corporate profits with inventory
valuation and capital consumption
adjustments
Corporate profits with inventory
valuation adjustment
*
281.8
268.7
284.1
298.7
279.7
275.5
268.7
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
306.8
137.9
168.9
110.4
58.5
287.3
129.0
158.2
122.1
36.2
314.4
141.2
173.2
112.2
61.1
318.8
143.2
175.6
115.2
60.4
318.0
144.4
173.6
118.5
55.1
296.0
134.9
161.1
120.9
40.2
275.0
122.6
152.4
123.3
29.1
Inventory valuation adjustment
-25.0
-18.5
-30.4
-20.1
-38.3
Capital consumption adjustment
4,024.4 4,142.6 4,042.7 4,069.4 4,106.8 4,132.5 4,162.9 4,168.1
Gross national product
Less: Capital consumption allowances
with capital consumption adjustment ..
480.2
508.4
482.7
488.1
493.5
498.9
518.6
522.5
3,544.2 3,634.2 3,559.9 3,581.2 3,613.3 3,633.6 3,644.3 3,645.6
Equals: Net national product
Less: Indirect business tax and nontax
liability plus business transfer
payments less subsidies plus current
surplus of government enterprises
327.8
333.5
329.2
331.2
331.3
331.8
335.5
Statistical discrepancy
-8.0
-18.8
-7.2
-13.7
-19.7
-14.8
-20.5
335.2
3,224.5 3319.6 3,237.9 3,263.7 3301.6 3316.6 3329.3
Equals: National income
Table 1.11.—Command-Basis Gross National Product in Constant Dollars
[Billions of 1982 dollars]
4,024.4 4,142.6 4,042.7 4,0694 4,106.8 4,132 5 4,162.9 4,168 1
Gross national product
Less: Net exports of goods and
services
Exports
-749
5301
6050
Equals: Command-basis gross
national product
-749
531.9
6069
-738
5514
6252
-550
569.7
6246
-51 2
5875
6387
-57 1
5931
6502
-61 8
6002
6620
4,099.3 4,198.9 4,117.6 4,143.2 4,161.8 4,183.7 4,220.0 4,229.9
Equals: Gross domestic purchases
Plus: Command-basis net exports of
goods and services
Command-basis exports '
-563
587.6
6439
.
-717
533.3
605.0
-485
595.4
643.9
-645
542.4
606.9
-680
557.2
625.2
-51 1
573.5
624.6
^77
590.9
638.7
-436
606.6
650.2
-516
610.4
662.0
4,027.5 4,150.4 4,053.1 4,075.2 4,110.7 4,136.0 4,176.5 4,178.4
Addendum:
Terms of trade 2
1006
101 3
1019
101 1
1007
1007
1023
1017
1. Exports of goods and services deflated by the implicit price deflator for imports of goods and services.
2. Ratio of the implicit price deflator for exports of goods and services to the implicit price deflator for
imports of goods and services with the decimal point shifted two places to the right.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Net interest
,
125.6
-8.9
-20.5
-6.3
46.8
29.4
46.9
41.5
36.6
32.3
26.5
22.4
392.9
461.1
396.4
415.7
436.1
458.4
471.5
478.4
190.7
169.2
189.7
196.9
171.9
172.9
172.6
402.0
391.9
400.7
411.5
388.6
391.7
399.3
80.3
47.1
77.6
81.7
53.4
52.0
49.3
Addenda:
Corporate profits after tax with
inventory valuation and capital
consumption adjustments
Net cash flow with inventory
valuation and capital
consumption adjustments
Undistributed profits with
inventory valuation and
capital consumption
adjustments
Capital consumption allowances
with capital consumption
adjustment
Less: Inventory valuation
adjustment
Equals: Net cash flow
321.7
344.8
323.1
329.7
335.2
339.7
349.9
354.5
-25.0
427.0
-18.5
410.4
-30.4
431.1
-20.1
431.6
-38.3
426.9
-20.5
412.2
-6.3
405.6
-8.9
SURVEY OF CURRENT BUSINESS
January 1990
13
Table 1.17.—Auto Output
Table 1.16.—Gross Domestic Product of Corporate Business in Current Dollars
and Gross Domestic Product of Nonfinancial Corporate Business in Current
and Constant Dollars
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1988
1989
1988
m
1988
1989
IV
I
II
m
Auto output
Capital consumption allowances with
capital consumption adjustment...
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
,
Domestic income
.
Compensation of employees
Wages and salaries
,
Supplements to wages and
salaries
,
Corporate profits with inventory
valuation and capital
consumption adjustments
Profits before tax
Profits tax liability
Profits after tax
,
Dividends
Undistributed profits
Inventory valuation adjustment....
Capital consumption adjustment..
Net interest
Gross domestic product of
financial corporate business..
Gross domestic product of
nonfinancial corporate
business
Capital consumption allowances with
capital consumption adjustment
2,955.0 3,140.5 2,982.8 3,048.6 3,078.6 3,126.1 3,168.5
321.7 344.8 323.1 329.7 335.2 339.7 349.9
2,633.3 2,795.7 2,659.6 2,718.9 2,743.4 2,786.4 2,818.6
354.5
278.6 295.7 281.9 284.8 288.5 293.1 300.2 300.8
2,354.7 2,500.0 2,377.8 2,434.0 2,454.9 2,493.3 2,518.4
1,951.2 2,105.2 1,969.5 2,012.0 2,050.6 2,087.7 2,122.3 2,160.2
1,640.5 1,776.6 1,656.0 1,691.9 1,730.2 1,761.6 1,791.2 1,823.3
310.7
328.7
313.5
320.0
320.4
326.1
331.2
285.0
263.2
137.9
125.3
84.2
41.1
-25.0
46.8
118.6
252.4
241.4
129.0
112.4
99.1
13.3
-18.5
29.4
142.4
285.9
269.3
141.2
128.1
95.9
32.3
-30.4
46.9
122.4
293.7
272.3
143.2
129.1
87.2
41.9
-20.1
41.5
128.4
269.7
271.5
144.4
127.1
102.0
25.0
-38.3
36.6
134.5
264.2
252.4
134.9
117.4
96.8
20.6
-20.5
32.3
141.4
249.5
229.3
122.6
106.6
99.0
7.6
-6.3
26.5
146.5
223.7
237.0
227.9
232.2
235.8
238.9
232.3
336.9
Final sales
Personal consumption expenditures
New autos
.
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services
Change in business inventories of
new and used autos
New
Used
Domestic output of new autos2 '
Sales of imported new autos
98J
-8"9
22.4
147.3
IV
I
II
m
IV
129.9
132.2
134.5
131.7
135.8
126.9
130.5
143.5
100.3
43.2
20.7
50.7
-30.0
-35.3
9.4
44.7
136.6
1253
140.9
98.8
42.1
20.2
52.5
-32.3
-37.1
9.5
46.7
132.0
128.8
144.2
101.2
43.0
21.4
51.3
-29.9
-38.4
8.7
47.1
130.1
146.6
102.4
44.2
21.2
52.3
-31.1
-39.3
9.2
48.5
123.9
142.7
99.8
42.9
19.0
47.7
-28.7
-39.5
9.7
49.2
135.4
144.5
101.1
43.5
23.4
54.7
-31.3
-34.4
8.7
43.1
141.8
150.9
110.8
40.2
23.6
53.7
-30.1
-34.3
9.1
43.4
121.0
135.9
89.5
46.3
16.7
46.6
-29.9
-33.1
10.2
43.4
1.6
1.6
1.4
1.5
1.7
1.9
1.5
1.5
1.1
.5
.6
1.7
2.0
-.2
11.3
7.7
3.7
1.9
1.5
.4
10.5
11.1
-.5
-3.7
-3.9
.2
-5.9
-7.9
2.0
5.9
8.5
-2.6
101.6
60.8
104.1
58.8
105.9
60.2
107.6
58.5
106.9
57.2
107.1
60.4
102.9
62.6
99.4
55.1
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government
purchases.
Table 1.18.—Auto Output in Constant Dollars
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
2,731.3 2,903.5 2,754.9 2,816.4 2,842.7 2,887.2 2,936;2
297.1 317.1 298.1 303.6 308.4 312.2 321.9
2,434.2 2,586.4 2,456.8 2,512.8 2,534.4 2,575.0 2,614.3
1988
1989
326.0
Billions of 1982 dollars
m
Addenda:
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
260.0 276.0 263.2 265.9 269.3 273.7 280.3 280.8
Domestic income
2,174.2 2,310.4 2,193.6 2,246.9 2,265.0 2,301.3 2,334.0
Compensation of employees
1,799.1 1,938.8 1,816.8 1,854.6 1,889.3 1,923.1 1,954.3 "ljm.5
1,511.2 1,634.6 1,526.2 1,558.1 1,592.5 1,621.2 1,647.8 1,676.9
Wages and salaries
Supplements to wages and
salaries
287.9 304.2 290.6 296.5 296.7 301.9 306.5 311.6
Corporate profits with inventory
valuation and capital
consumption adjustments
249.3 222.9 248.3 258.2 235.3 230.5 226.7
Profits before tax
233.4 217.1 237.7 242.2 242.2 223.8 211.5
Profits tax liability
105.4
97.4 107.4 109.4 110.6 100.6
94.7
Profits after tax
128.0 119.7 130.3 132.8 131.6
123.1 116.8
Dividends
83.0
96.0
86.4
92.6
98.3
96.0
93.7
95.9
Undistributed profits
45.0
23.7
29.4
37.7
46.5
33.3
20.8 ..._
Inventory valuation adjustment.... -25.0 -18.5
-30.4
-20.1
-38.3
-20.5
-6.3
Capital consumption adjustment..
40.9
24.3
41.0
36.1
31.5
27.3
21.5
16.8
Net interest
125.8 148.7 128.5 134.0 140.4 147.6 152.9 153.7
Gross domestic product of
nonfinancial corporate
business
Capital consumption allowances with
capital consumption adjustment....
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
1989
1988
IV
Billions of dollars
Gross domestic product of
corporate business
1989
2,419.5 2,478.2 2,434.1 2,453.2 2,459.1 2,471.3 2,497.2
279.3 292.8 280.6 283.2 285.9 288.8 296.7
2,140.2 2,185.4 2,153.6 2,170.0 2,173.2 2,182.5 2,200.4
299.9
209.2 212.9 210.1 211.9 211.3 211.8 214.4
1,931.0 1,972.6 1,943.5 1,958.1 1,961.9 1,970.8 1,986.0
213.9
HI
Auto output
Final sales
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services
1989
1988
I
IV
II
in
IV
108.9
108.9
114.4
110.1
110.9
109.3
112.0
103.5
108.6
117.0
84.4
32.7
18.3
42.8
-24.5
-28.1
7.1
35.2
108.0
114.8
82.0
32.8
17.4
41.4
-24.1
-25.6
7.4
33.0
105.0
113.9
82.2
31.7
17.3
43.7
-26.4
-27.4
7.8
35.2
109.5
117.9
84.6
33.4
18.1
43.2
-25.1
-27.9
7.5
35.4
103.2
113.8
81.6
32.2
16.2
39.0
-22.8
-28.3
7.8
36.1
111.5
115.4
82.4
33.0
19.5
44.6
-25.0
-25.1
6.9
32.0
117.9
121.7
91.2
30.5
20.0
44.2
-24.2
-25.1
7.1
32.2
99.5
108.3
72.9
35.4
13.8
37.9
-24.2
-23.9
7.9
31.8
1.4
1.4
1.2
1.4
1.4
1.6
1.3
1.3
Change in business inventories of
new and used autos
New
Used
Addenda:
.4
-.1
.5
.9
1.2
-.3
9.4
6.4
2.9
.6
.3
.3
7.7
8.2
-.5
-2.1
-2.2
.1
-5.9
-7.4
1.5
4.0
6.2
-2.2
Domestic output of new autos2 '
Sales of imported new autos
84.5
50.7
84.5
48.1
88.1
50.1
88.6
48.3
86.9
46.7
87.1
49.2
83.6
51.5
80.2
44.9
1. Consists of final sales and change in business inventories of new autos assembled in the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and government
purchases.
14
SURVEY OF CURRENT BUSINESS
January 1990
Table 1.19.—Truck Output
Table 1.20.—Truck Output in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1988
Truck output '
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports of goods and services
Exports
Imports
Government purchases of goods and
services
,
Change in business inventories
1989
1988
Seasonally adjusted at annual rates
1989
1988
III
IV
I
II
m
IV
66.3
66.0
63.8
71.2
70.3
68.1
62.9
62.5
65.9
29.2
36.7
-5.6
3.8
9.5
65.2
30.8
35.4
-6.5
3.5
10.0
65.9
29.1
36.6
-5.3
3.9
9.2
67.0
29.8
38.9
-6.9
3.7
10.5
65.5
30.3
35.7
-6.3
3.9
10.2
65.6
29.8
36.5
-6.3
3.1
9.4
69.2
34.0
36.2
-6.3
3.5
9.8
60.6
28.9
33.3
-7.1
3.5
10.6
5.7
5.6
5.5
5.2
5.8
5.7
5.4
5.4
Final sales
Personal consumption expenditures
Producers' durable equipment
Net exports of goods and services
Exports .
Imports
Government purchases of goods and
services
.4
.7
-2.1
4.2
4.8
2.6
-6.4
1.9
Change in business inventories
1. Includes new trucks only.
Truck output '
1989
1988
1989
HI
IV
I
II
in
IV
55.7
53.4
53.8
58.3
57.0
55.4
51.3
49.8
55.3
24.6
30.8
-4.7
3.2
7.9
52.9
25.1
28.6
-5.3
2.8
8.1
553
24.5
30.7
-4.5
3.3
7.7
54.9
24.8
31.6
-5.7
3.0
8.7
53.3
24.8
29.0
-5.1
3.2
8.3
53.5
24.4
29.6
-5.1
2.5
7.6
56.3
27.8
29.3
-5.2
2.8
8.0
48.4
23.3
26.5
-5.7
2.8
8.5
4.7
4.5
4.6
4.2
4.7
4.6
4.4
4.3
.3
.5
-1.6
3.3
3.7
1.9
-5.0
1.4
1. Includes new trucks only.
Table 2.1.—Personal Income and Its Disposition
Table 2.2.—Personal Consumption Expenditures by Major Type of Product
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
1988
1989
1988
HI
Personal income
Seasonally adjusted at annual rates
1989
IV
I
1988
in
II
2,429.0 2,632.0 2,452.2 2,505.1 2,560.7 2,608.8 2,654.7 2,704.0
Commodity-producing industries
Manufacturing
....
Distributive industries
Service industries
Government and government
enterprises
696.3
524.0
571.9
714.4
738.3
553.0
615.1
801.7
701.6
527.2
578.0
723.0
714.7
538.1
587.5
746.7
726.6
546.3
598.8
768.4
733.7
549.9
610.8
790.8
742:6
555.7
619.4
812.4
750.4
559.9
631.2
835.3
Nondurable goods
446.5
476.9
449.6
456.3
466.9
473.5
480.2
487.1
228.9
248.3
231.1
236.5
241.3
246.0
250.7
255.3
Proprietors' income with
inventory valuation and capital
consumption adjustments
327.8
352.2
327.0
328.3
359.3
355.5
343.3
350.9
39.8
288.0
46.3
305.9
37.7
289.3
32.0
296.3
59.0
300.3
51.3
304.2
36.1
307.2
38.8
312.0
Farm
. .
Nonfarm
Rental income of persons with
capital consumption adjustment...
Personal dividend income
Personal interest income
Transfer payments
Old-age, survivors, disability, and
health insurance benefits
Government unemployment
insurance benefits
Veterans benefits
Government employees retirement
benefits
Other transfer payments
Aid to families with dependent
children
Other
Less: Personal contributions for
social insurance
Less: Personal tax and nontax
payments
Personal consumption
expenditures '
Durable goods
Other labor income
15.7
102.2
571.1
584.7
8.0
112.4
657.8
632.1
16.3
103.6
576.3
587.4
16.1
106.4
598.6
593.8
11.8
109.4
629.0
616.4
9.8
111.4
655.1
626.8
5.4
113.2
667.8
636.4
5.1
115.7
679.5
649.0
300.5
325.2
301.4
304.0
316.9
322.9
327.9
333.0
13.0
17.0
14.3
17.3
12.9
17.0
12.5
17.0
13.5
17.6
14.1
17.5
14.5
17.3
15.0
16.9
82.7
171.5
88.5
186.9
82.8
173.2
83.7
176.5
86.9
181.5
88.1
184.2
88.9
187.7
90.1
194.1
17.2
154.3
17.9
169.0
17.3
155.9
17.5
159.0
17.6
163.9
17.7
166.4
18.0
169.7
18.3
175.8
194.9
214.2
196.4
199.6
210.0
213.0
215.4
218.5
586.6
648.7
597.8
628.3
652.6
649.1
Motor vehicles and parts
Furniture and household equipment ....
Other
.
3,235.1 3,470.3 3,263.4 3,324.0 3,381.4 3,444.1 3,508.1 3,547.5
Personal consumption expenditures
Interest paid by consumers to
business...
Personal transfer payments to
foreigners (net)
Equals: Personal saving
96.1
,
101.7
96.7
98.1
100.1
101.5
102.0
103.1
1.9
1.7
1.9
1.9
2.2
1.4
1.6
1.6
144.7
206.3
149.6
163.4
205.7
200.7
195.1
223.7
Disposable personal income:
2,793.2 2,906.7 2,806.4 2,835.9 2,881.7 2,887.6 2,919.2 2,938.3
Total, billions of 1982 dollars
Per capita:
14,116 15,191 14,235 14,504 14,884 15,084 15,280 15,514
Current dollars
1982 dollars
11,337 11,681 11,377 11,466 11,625 11,622 11,717 11,761
Population (mid-period, millions).... 246.4 248.8 246.7 247.3 247.9 248.5 249.1 249.8
Personal saving as percentage of
disposable personal income
473.6
452.5
467.4
466.4
471.0
486.1
471.0
214.0
173.7
85.9
208.4
162.7
81.4
215.3
166.1
86.0
211.7
172.1
82.6
212.9
173.5
84.6
225.6
173.9
86.7
205.9
175.2
89.9
559.7
186.8
76.8
229.0
19.5
209.5
595.0
199.9
83.5
244.2
20.2
223.9
5.5
4.3
4.6
5.6
5.4
5.1
5.8
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
574.1
193.9
77.6
232.8
19.7
213.1
567.8
188.9
78.3
231.2
19.6
211.6
587.3
195.0
77.9
238.1
18.7
219.4
592.2
198.9
89.5
241.0
19.6
221.4
598.1
202.2
85.2
245.9
19.9
226.0
602.2
203.7
81.4
251.8
22.8
229.0
1,727.6 1,874.1 1,744.7 1,778.2 1,816.7 1,851.7 1,890.6 1,937.5
Services '
Housing
Household operation
Electricity and gas
Other
Transportation
Medical care
Other l
,
,
501.3
197.6
93.7
104.0
117.9
398.3
512.4
534.0
204.2
95.3
108.9
126.8
453.0
556.2
505.0
200.2
94.5
105.7
119.8
404.7
514.9
513.0
202.4
95.8
106.6
121.5
417.4
523.9
520.2
201.1
93.6
107.5
124.4
432.3
538.7
527.7
202.3
94.6
107.7
125.6
445.1
551.0
538.4
202.4
93.6
108.8
126.7
459.1
564.0
549.5
210.9
99.4
111.5
130.7
475.3
571.1
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
Table 2.3.—Personal Consumption Expenditures by Major Type of Product in
Constant Dollars
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1988
1989
m
Personal consumption
expenditures '
Motor vehicles and parts
Furniture and household equipment ....
Other
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
Housing
Household operation
Electricity and gas
Other
Transportation
Medical care .
. .
Other *
1989
IV
I
II
m
IV
2,598.4 2,668.5 2,608.1 2,627.7 2,641.0 2,653.7 2,690.1 2,689.3
Durable goods
413.6
425.6
410.7
420.5
419.3
424.9
436.4
421.6
179.2
164.8
69.6
178.1
177.2
70.3
176.2
165.3
69.2
180.6
168.0
71.8
176.1
174.8
68.4
177.0
178.5
69.4
188.4
177.4
70.6
170.9
177.9
72.8
904.5
915.7
910.3
912.0
915.0
909.7
920.8
917.5
460.0
161.3
97.1
186.1
25.4
160.7
462.9
168.8
96.6
187.5
25.1
162.4
461.9
164.1
97.4
187.0
25.3
161.7
462.1
164.6
98.2
187.2
26.6
160.5
466.0
165.0
97.6
186.5
24.0
162.4
461.4
165.8
96.5
186.0
24.4
161.5
463.2
173.3
96.6
187.6
24.7
162.9
460.7
171.0
95.8
190.0
27.4
162.6
1,280.2 1^27.2 1,287.0 1,295.2 1,306.7 1,319.0 1,332.9 1,350.3
Services *
4.2
IV
1,052.3 1,122.6 1,066.2 1,078.4 1,098.3 1,121.5 1,131.4 1,139.1
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
Nondurable goods
Addenda:
in
II
211.6
162.0
81.6
665.0
3,333.1 3,573.7 3,362.1 3,424.0 3,483.8 3,547.0 3,611.7 3,652.2
I
455.2
Equals: Disposable personal income.... 3,477.8 3,780.0 3,511.7 3,587.4 3,689.5 3,747.7 3,806.8 3,875.9
Less: Personal outlays
1989
IV
3,235.1 3,470.3 3,263.4 3,324.0 3,381.4 3,444.1 3,508.1 3,547.5
1988
585.9
1988
m
IV
4,064.5 4,428.7 4,097.6 4,185.2 4,317.8 4,400.3 4,455.9 4,540.9
. ..
Wage and salary disbursements
1989
.
366.1
164.1
82.8
81.3
94.5
278.2
377.4
372.7
165.4
81.9
83.6
98.3
296.3
394.5
366.8
166.3
84.0
82.4
95.2
279.9
378.8
368.0
165.7
83.3
82.4
96.2
283.9
381.3
1. See the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
369.6
163.4
80.7
82.7
96.3
289.0
388.3
371.7
164.4
81.4
82.9
97.1
293.1
392.7
373.6
164.5
81.0
83.5
98.8
298.1
398.0
375.8
169.4
84.3
85.1
101.1
305.0
398.9
SURVEY OF CURRENT BUSINESS
January 1990
15
Table 3.2.—Federal Government Receipts and Expenditures
Table 3.3.—State and Local Government Receipts and Expenditures
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1988
1988
1989
1988
1989
m
IV
I
II
III
972.4 1,046.8
977.3
994.6 1,036.2 1,053.2 1,043.2
Personal tax and nontax receipts
Income taxes
Estate and gift taxes
413.0
403.5
7.9
1.6
460.6
449.8
9.0
1.8
411.4
401.7
8.1
1.5
420.3
410.7
8.0
1.6
446.8
437.0
8.1
1.7
465.1
453.3
10.1
1.8
459.1
448.7
8.6
1.8
Corporate profits tax accruals
Federal Reserve banks
Other
....
111.4
17.4
94.1
104.9
19.7
85.2
114.0
17.5
96.5
115.8
18.6
97.3
117.0
19.5
97.5
109.7
20.3
89.4
99.9
19.6
80.3
Receipts
Indirect business tax and nontax
accruals
Excise taxes
Customs duties
Nontaxes
..
«
Contributions for social insurance
Expenditures
Purchases of goods and services
National defense
Nondefense
....
Transfer payments
To persons
To foreigners
IV
Receipts
471.6
460.4
9.4
1.8
.
„
56.7
34.2
16.4
6.1
58.6
35.1
17.4
6.1
57.4
34.6
16.4
6.3
57.8
35.1
16.9
5.8
58.0
35.1
17.1
5.9
58.2
35.1
17.2
5.9
59.4
35.2
17.7
6.6
58.6
35.2
17.5
5.9
391.3
422.6
394.5
400.6
414.3
420.2
424.8
431.1
I
in
II
IV
701.6
746.6
706.0
716.5
732.6
742.6
750.3
173.7
188.1
174.5
177.5
181.5
187.5
190.0
193.4
88.5
70.3
14.8
97.4
74.9
15.7
88.6
70.9
15.0
90.3
72.0
15.1
92.9
73.2
15.3
97.6
74.3
15.6
98.7
75.5
15.8
100.6
76.7
16.1
26.5
24.1
27.2
27.4
27.4
25.2
22.8
365.5
173.7
143.7
48.1
336.8
358.1
339.7
344.9
349.7
355.3
362.1
160.5
131.0
45.2
170.8
140.3
47.1
161.7
132.3
45.7
164.8
134.5
45.7
166.8
136.8
46.1
169.4
139.1
46.7
173.1
141.4
47.5
53.3
56.7
53.7
54.6
55.4
56.2
57.1
58.1
Federal grants-in-aid
111.4
119.6
111.0
112.2
118.7
118.4
118.3
123.0
Expenditures
Contributions for social insurance
406.4
300.5
105.9
399.0
298.7
100.4
406.0
301.3
104.7
402.7
307.8
94.9
408.8
303.4
105.4
651.9
701.6
656.2
670.8
683.8
695.1
705.5
721.9
Purchases of goods and services
587.6
632.5
591.0
604.9
617.0
627.2
636.2
649.8
438.2
425.4
12.9
472.6
458.9
13.7
438.0
426.3
11.7
447.6
429.4
18.2
460.4
448.9
11.5
466.9
455.7
11.1
475.6
461.6
14.1
487.7
469.4
18.2
Compensation of employees
Other
346.5
241.2
371.0
261.5
349.4
241.6
355.5
249.5
361.8
255.1
367.9
259.3
373.9
262.2
380.5
269.3
Transfer payments to persons
130.3
141.4
131.7
134.3
136.7
139.6
142.7
146.7
Net interest paid
-40.3
-42.7
-40.4
-41.1
-41.7
-42.3
-43.0
^3.6
119.6
111.0
112.2
118.7
118.4
118.3
123.0
171.1
192.1
158.7
33.4
153.9
174.4
144.2
30.2
157.0
178.3
147.2
31.1
167.0
187.4
154.9
32.5
172.0
191.9
157.6
34.4
171.2
193.1
159.1
33.9
174.4
196.1
163.3
32.8
22.4
21.0
36.0
28.9
29.2
27.0
-7.1
-2.2
0
0
20.5
21.2
29.4
17.6
-11.8
0
20.4
20.0
21.9
21.8
38.9
35.9
38.5
34.2
35.3
28.5
20.1
18.3
22.8
27.1
-3.0
^.3
-6.8
-1.8
4.2
0
0
0
0
0
Surplus or deficit (-), national
income and product accounts ... -145.8 -149.9 -122.5 -167.6 -147.5 -145.4 -144.7
....
IV
367.5
296.1
71.4
111.4
Social insurance funds
Other
m
404.1
302.8
101.3
151.4
173.8
144.8
29.1
Less: Wage accruals less
disbursements
Sales taxes
Property taxes
Other
1989
1988
381.3
298.0
83.3
Net interest paid
Interest paid
To persons and business
To foreigners
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of government
Income taxes
Nontaxes
Other
Indirect business tax and nontax
accruals
Grants-in-aid to State and local
governments
Less: Interest received by
government
Personal tax and nontax receipts
Corporate profits tax accruals
1,118.3 1,196.7 1,099.8 1,162.1 1,183.7 1,198.6 1,187.9 1,216.7
„
1989
64.2
54.8
58.2
63.6
62.7
64.3
63.7
-200.6 -214.1 -180.7 -231.2 -210.1 -209.1 -209.0
66.1
Interest paid
Less: Interest received by
government....
59.9
65.9
60.7
62.2
63.7
65.1
66.6
68.1
100.2
108.5
101.1
103.3
105.4
107.5
109.6
111.7
8.3
9.7
8.5
8.8
9.1
9.5
10.1
10.0
Less: Dividends received by
Subsidies less current surplus of
government enterprises
-17.5
Subsidies
Less: Current surplus of government
enterprises
Less: Wage accruals less
disbursements
Surplus or deficit (-), national
income and product
accounts
Social insurance funds
Other
.
-20.0
-17.6
-18.5
-19.0
-19.8
-20.4
.8
.8
.8
.8
.8
.8
.8
18.3
20.8
18.3
19.3
19.8
20.6
21.1
21.7
0
0
0
0
0
0
0
0
49.7
45.0
49.8
45.7
48.8
47.5
44.9
71.1
-21.4
78.0
-33.0
72.1
-22.3
73.8
-28.1
75.4
-26.6
77.1
-29.6
79.1
-34.3
Table 3.7B.—Government Purchases of Goods and Services by Type
Table 3.8B.—Government Purchases of Goods and Services by Type in
Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
1989
1988
HI
Government purchases of
goods and services
968.9 1,036.7
1988
1989
IV
I
II
in
958.6 1,011.4 1,016.0 1,033.2 1,038.9 1,058.6
Government purchases of
goods and services
Federal
404.1
367.5
406.4
399.0
406.0
402.7
408.8
National defense
.....
Durable goods
Nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
»
Structures
. ...
298.0
83.9
10.9
196.1
113.2
76.0
37.2
82.9
7.0
302.8
81.9
11.1
203.3
119.8
79.3
40.5
83.5
6.6
296.1
83.7
10.5
194.7
113.0
76.2
36.9
81.7
7.2
300.5
85.1
11.1
197.4
113.7
76.2
37.6
83.6
7.0
298.7
82.7
10.8
198.8
119.1
79.1
40.0
79.8
6.3
301.3
82.8
11.7
200.5
119.4
79.0
40.4
81.2
6.3
307.8
84.5
11.0
205.4
120.0
79.3
40.7
85.4
6.8
303.4
77.5
10.7
208.4
120.6
79.7
41.0
87.7
6.8
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
83.3
4.6
-8.2
101.3
5.1
3.3
71.4
4.4
-19.8
105.9
4.9
11.0
100.4
5.2
3.8
104.7
5.3
5.9
94.9
4.9
-3.1
105.4
4.9
6.6
-15.6
7.4
80.0
46.1
33.9
6.8
-3.7
7.0
86.0
49.9
36.1
7.0
-25.9
6.1
79.7
46.8
32.9
7.1
4.1
6.9
83.6
47.1
36.5
6.5
-3.8
7.6
84.9
49.2
35.7
6.5
-1.0
6.9
86.6
49.7
37.0
6.9
-10.0
6.8
86.0
50.1
35.9
7.1
-.1
6.7
86.3
50.5
35.9
7.6
Nondefense
Durable goods
Nondurable goods.....
Commodity Credit Corporation
inventory change
Other nondurables
Services
Compensation of employees
Other services
Structures
587.6
632.5
591.0
604.9
617.0
627.2
636.2
649.8
29.4
46.9
442.1
346.5
95.6
69.3
32.8
52.5
475.5
371.0
104.5
71.7
29.8
47.5
446.0
349.4
96.6
67.7
30.6
48.3
453.9
355.5
98.4
72.2
31.5
50.6
463.2
361.8
101.4
71.6
32.3
52.4
471.3
367.9
103.5
71.1
33.1
52.7
479.3
373.9
105.4
71.0
34.0
54.4
488.0
380.5
107.5
73.3
State and local
Durable goods
Nondurable goods
.
Services
Compensation of employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures
.
1988
1989
IV
381.3
Federal
80.5
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1988
-21.0
.7
1989
HI
rv
I
II
m
IV
785.1
805.8
775.9
806.4
799.7
810.3
805.3
807.9
328.9
337.2
319.8
343.9
335.5
343.6
336.1
333.6
261.5
84.6
14.3
156.9
89.1
60.0
29.1
67.8
5.7
256.2
81.8
14.0
155.5
89.7
59.6
30.1
65.9
4.9
258.8
84.3
13.4
155.4
88.7
59.9
28.7
66.8
5.8
261.6
85.0
14.7
156.4
89.1
59.8
29.3
67.3
5.4
254.4
82.1
13.9
153.5
89.5
59.7
29.8
64.0
4.8
255.8
82.8
14.5
153.7
89.4
59.5
29.9
64.3
4.7
260.1
84.3
14.1
156.7
89.8
59.6
30.1
67.0
5.1
254.7
78.1
13.4
158.3
90.0
59.7
30.3
68.2
5.0
67.4
5.4
-8.7
81.0
5.6
3.0
61.0
5.2
-14.7
82.3
5.6
3.9
81.1
5.7
3.6
87.8
5.8
9.1
76.0
5.5
-1.7
79.0
5.4
1.0
-15.6
6.9
64.8
36.1
28.7
5.9
-3.1
6.1
66.5
37.2
29.3
5.8
-20.1
5.4
64.4
36.7
27.7
6.1
-2.2
6.0
67.4
36.9
30.5
5.5
-3.3
6.9
66.3
36.9
29.4
5.5
3.1
6.0
67.2
37.0
30.2
5.7
-7.7
5.9
66.3
37.3
29.0
5.9
-4.7
5.7
66.3
37.6
28.7
6.2
456.2
468.6
456.1
462.5
464.2
466.7
469.2
474.2
26.1
48.6
323.7
250.9
72.8
57.8
28.1
51.1
331.6
255.2
76.3
57.8
26.4
49.0
324.7
251.5
73.2
56.0
26.9
49.5
326.8
252.7
74.1
59.3
27.4
50.1
328.6
253.7
75.0
58.0
27.9
50.7
330.6
254.7
75.8
57.5
28.4
51.4
332.4
255.7
76.7
57.0
28.9
52.1
334.6
256.9
77.7
58.7
16
SURVEY OF CURRENT BUSINESS
January 1990
Table 3.10.—National Defense Purchases of Goods and Services in Constant
Dollars
Table 3.9.—National Defense Purchases of Goods and Services
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1988
National defense purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other
.
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of employees
Military
Civilian.
Other services
Contractual research and
development
Installation support '
Weapons support 2....
Transportation of materiel
Travel of persons
Other
Structures
Military facilities
Other
1988
1989
1988
1989
m
IV
I
II
in
IV
298.0
302.8
296.1
300.5
298.7
3013
307.8
303.4
83.9
81.9
83.7
85.1
82.7
82.8
845
77.5
72.9
29.3
12.4
8.4
4.2
6.0
12.5
11.0
72.0
26.5
13.7
9.8
3.6
6.2
12.2
9.9
73.0
27.9
12.7
8.1
4.3
5.8
14.2
10.7
74.3
30.5
13.3
9.3
3.7
6.5
10.9
10.7
72.9
27.7
12.9
10.2
3.7
5.9
12.5
9.8
72.2
26.0
14.3
9.0
3.4
6.3
13.1
10.6
74.4
25.6
14.2
10.3
3.8
7.2
13.3
10.1
68.3
26.9
13.4
9.6
3.3
5.4
9.8
9.2
10.9
11.1
10.5
11.1
10.8
11.7
11.0
10,7
4.4
3.9
2.6
4.6
3.8
2.7
4.3
3.5
2.7
4.7
3.8
2.6
4.6
3.6
2.7
4.6
4.2
2.9
4.4
3.9
2.7
4.7
3.3
2.7
196.1
203.3
194.7
197.4
198.8
200.5
205.4
208.4
113.2
76.0
37.2
82.9
119.8
79.3
40.5
83.5
113.0
76.2
36.9
81.7
113.7
76.2
37.6
83.6
119.1
79.1
40.0
79.8
119.4
79.0
40.4
81.2
120.0
79.3
40.7
85.4
120.6
79.7
41.0
87.7
30.7
23.8
8.9
11.8
3.7
4.0
0
30.8
23.9
9.0
12.1
3.9
3.9
-.1
30.3
23.4
8.5
11.9
3.9
3.9
-.3
31.4
23.6
9.1
11.7
3.8
3.9
.1
29.8
22.3
8.9
11.4
3.6
3.7
0
30.2
22.8
9.0
11.6
3.8
3.9
-.2
31.2
25.2
9.0
12.8
4.0
3.9
-.6
32.0
25.5
9.1
12.8
4.1
3.9
.5
7.0
6.6
7.2
7.0
6.3
63
6.8
6.8
4.7
2.4
4.1
2.4
4.9
2.3
4.6
2.4
4.0
2.2
3.9
2.4
4.3
2.5
4.3
2.5
National defense purchases
Durable goods
Military equipment
Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods
Nondurable goods
Petroleum products
Ammunition
Other nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Contractual research and
development
Installation support l
Weapons support 2
Personnel support 3
Transportation of materiel
Travel of persons
Other
Structures
Military facilities
Other
,
,
1989
1989
1988
m
IV
I
II
m
IV
261.5
256.2
258.8
261.6
254.4
255.8
260.1
254.7
84.6
81.8
84.3
85.0
82.1
82.8
84.3
78.1
70.8
29.0
13.5
7.1
4.5
5.6
11.2
13.8
69.0
26.5
14.7
7.9
3.8
5.6
10.5
12.8
70.9
27.9
13.6
6.7
4.6
5.4
12.7
13.4
71.8
30.4
14.1
7.8
3.9
6.0
9.7
13.2
69.7
26.6
14.4
8.4
4.0
5.4
10.9
12.4
69.4
25.9
15.5
7.3
3.6
5.7
11.4
13.4
71.3
26.0
15.0
8.3
4.1
6.4
11.5
13.0
65.6
27.6
13.8
7.7
3.4
4.8
8.4
12.4
143
14.0
13.4
14.7
13.9
14.5
14.1
13.4
7.9
4.1
2.2
7.8
3.9
2.3
7.3
3.7
2.3
8.6
4.0
2.2
7.8
3.8
2.3
7.8
4.3
2.4
7.7
4.1
2.3
8.0
3.3
2.2
156.9
155.5
155.4
156.4
153.5
153.7
156.7
158.3
89.1
60.0
29.1
67.8
89.7
59.6
30.1
65.9
88.7
59.9
28.7
66.8
89.1
59.8
29.3
67.3
89.5
59.7
29.8
64.0
89.4
59.5
29.9
64.3
89.8
59.6
30.1
67.0
90.0
59.7
303
68.2
25.5
18.2
7.6
8.9
3.9
3.8
0
24.7
17.6
7.4
8.7
4.0
3.6
25.1
17.8
7.3
8.9
4.2
3.7
_2
25.7
17.8
7.6
8.6
3.9
3.7
.1
24.4
16.8
7.4
8.3
3.6
3.4
0
24.1
16.9
7.5
8.4
3.9
3.6
-.1
24.9
18.3
7.3
9.1
4.1
3.6
-.5
25.4
18.3
7.4
9.0
4.3
3.5
.4
5.7
4.9
5.8
5.4
4.8
4.7
5.1
5.0
3.7
1.9
3.1
1.8
3.9
1.9
3.5
1.9
3.0
1.7
2.9
1.8
3.2
1.9
3.1
1.9
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors
to operate installations.
2. Includes depot maintenance and contractual services for weapons systems, other than research and
development.
3. Includes compensation of foreign personnel, consulting, training, and education.
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors
to operate installations.
2. Includes depot maintenance and contractual services for weapons systems.
3. Includes compensation of foreign personnel, consulting, training, and education.
Table 4.1.—Foreign Transactions in the National Income and Product Accounts
Table 4.2.—Exports and Imports of Goods and Services in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
1988
Receipts from foreigners '
Exports of goods
and services '
Merchandise2
Durable goods 2
Nondurable goods
Services *
Factor income 3 4
Other 5
Capital grants received by the United
States (net)
Payments to foreigners
Imports of goods and services
Merchandise 2
Durable goods 2
Nondurable goods
Services 6
Factor income 3
Other 7
6
Transfer payments (net)
From persons (net)
6
1988
1989
Seasonally adjusted at annual rates
1989
HI
IV
I
II
1988
in
IV
547.7
624.4
556.8
579.7
605.6
626.1
628.5
637.3
547.7
322.0
206.8
115.2
225.7
116.7
108.9
624.4
369.5
240.7
128.8
254.8
135.1
119.8
556.8
327.5
208.5
119.0
229.3
118.1
111.2
579.7
341.0
221.3
119.7
238.6
125.5
113.2
605.6
358.7
231.4
127.2
246.9
131.9
115.1
626.1
372.1
239.1
133.0
254.0
136.2
117.8
628.5
370.4
246.0
124.4
258.1
134.5
123.6
637.3
376.9
246.4
130.5
260.4
137.8
122.6
0
0
0
0
0
0
0
0
547.7
624.4
556.8
579.7
605.6
626.1
628.5
6373
621.3
449.0
294.5
154.5
172.3
83.4
88.9
675.2
482.2
311.0
171.2
193.0
101.5
91.5
623.0
448.8
294.0
154.8
174.2
85.9
88.3
650.5
468.8
312.6
156.3
181.6
91.0
90.6
659.6
469.8
309.6
160.3
189.8
97.3
92.5
676.6
480.0
308.0
172.0
196.6
105.2
91.4
673.6
482.2
309.8
172.4
191.4
101.0
90.4
691.1
496.8
316.7
180.1
194.3
102.6
91.8
14.7
1.9
12.9
15.5
1.7
13.7
13.6
1.9
11.7
20.2
1.9
18.2
13.8
2.2
11.5
12.5
1.4
11.1
15.7
1.6
14.1
19.9
1.6
18.2
33.4
30.2
31.1
32.5
34.4
33.9
32.8
-99.8 -109.9 -122.0 -1003
-97.5
29.1
-117.5
-94.8 -106.5
1. See footnote 5 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to "other" services.
3. Line 7 less line 16 equals rest-of-the-world product as shown in table 1.7.
4. Estimates beginning with the first quarter of 1986 exclude noninterest income of banks, which was
reclassified to "other" services.
5. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical
services and incorporate improved measurement of telecommunications services and insurance services;
incorporate new source data on travel and passenger fares; cover foreign students' expenditures in the United
States; cover repairs and alterations of equipment; and cover noninterest income of banks.
6. See footnote 7 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
7. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical
services and incorporate improved measurement of telecommunications services and insurance services;
incorporate new source data on travel and passenger fares; cover U.S. students' expenditures abroad; cover
repairs and alterations of equipment.
1988
1989
m
IV
I
II
in
IV
530.1
587.6
531.9
551.4
569.7
587.5
593.1
600.2
Merchandise2
Durable goods 2...
Nondurable goods
344.3
234.0
110.4
386.9
265.3
121.6
344.1
234.2
109.9
358.6
248.0
110.5
372.5
254.0
118.5
386.9
262.8
124.1
390.6
272.3
118.3
397.6
272.2
125.4
Services l
Factor income 3 4
Other5
185.8
94.7
91.1
200.7
104.8
95.9
187.8
95.3
92.5
192.8
100.0
92.8
197.2
104.0
93.2
200.6
106.1
94.5
202.5
103.9
98.6
202.6
105.3
97.3
Imports of goods and services6
Interest paid by government to
Netrorcigni,— .
Exports of goods and services '
1989
605.0
643.9
606.9
625.2
624.6
638.7
650.2
662.0
Merchandise 2.
Durable goods 2
Nondurable goods
467.1
280.8
186.3
496.3
300.8
195.5
468.3
281.8
186.6
483.4
291.3
192.1
477.4
290.7
186.7
487.5
296.1
191.4
504.3
303.8
200.5
515.9
312.4
203.4
Services 6
Factor income 3...
Other7
137.9
66.6
71.3
147.6
77.7
69.9
138.5
68.2
70.3
141.9
71.4
70.4
147.2
75.7
71.6
151.1
80.9
70.2
145.9
76.9
69.0
146.1
77.3
68.9
1. See footnote 5 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
2. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to "other" services.
3. Line 6 less line 13 equals rest-of-the-world product as shown in table 1.8.
4. Estimates beginning with the first quarter of 1986 exclude noninterest income of banks, which was
reclassified to "other" services.
5. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical
services and incorporate improved measurement of telecommunications services and insurance services;
incorporate new source data on travel and passenger fares; cover foreign students' expenditures in the United
States; cover repairs and alterations of equipment; and cover noninterest income of banks.
6. See footnote 7 and the box on page 21 of the July 89 SURVEY OF CURRENT BUSINESS.
7. Estimates beginning with the first quarter of 1986 cover many business, professional, and technical
services and incorporate improved measurement of telecommunications services and insurance services;
incorporate new source data on travel and passenger fares; cover U.S. students' expenditures abroad; cover
repairs and alterations of equipment.
17
SURVEY OF CURRENT BUSINESS
January 1990
Table 4.3.—Merchandise Exports and Imports by Type of Product and by EndUse Category
Table 4.4.—Merchandise Exports and Imports by Type of Product and by EndUse Category in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1988
Merchandise exports *
Foods feeds and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other *
Durable goods * 2
Nondurable goods 2
Merchandise imports l
Foods, feeds, and beverages
Industrial supplies and materials,
excluding petroleum
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except autos
Autos ....
.
Consumer goods
Durable goods
Nondurable goods
Other1
Durable goods ' 2
Nondurable goods 2
1988
1989
1988
1989
m
IV
I
II
m
IV
322.0
369.5
327.5
341.0
358.7
372.1
370.4
376.9
32.9
83.0
27.9
55.1
112.4
32.5
24.2
11.0
13.2
37.0
23.1
14.0
36.0
96.3
33.8
62.5
130.7
34.8
31.9
16.1
15.9
39.9
25.4
14.5
34.8
85.2
28.6
56.6
112.9
31.9
24.9
11.5
13.4
37.8
23.6
14.2
34.6
86.4
30.2
56.3
119.7
34.3
26.6
12.2
14.4
39.5
24.9
14.5
38.6
92.6
32.5
60.1
123.4
35.5
29.9
15.1
14.8
38.7
25.0
13.7
37.9
99.0
34.0
65.0
129.3
34.4
32.2
16.5
15.7
39.3
24.9
14.4
32.3
96.6
34.4
62.2
138.3
33.2
32.0
15.9
16.1
37.9
24.1
13.7
35.0
96.8
34.2
62.6
131.8
36.0
33.6
16.8
16.8
43.7
27.6
16.1
449.0
482.2
448.8
468.8
469.8
480.0
482.2
496.8
24.9
25.1
24.8
25.1
25.1
25.1
24.9
25.2
76.4
40.9
35.6
39.3
101.8
87.9
96.4
52.8
43.6
22.3
11.2
11.2
78.7
42.7
36.0
50.9
113.5
86.7
103.6
56.3
47.3
23.7
11.9
11.9
76.3
40.1
36.2
39.1
102.7
87.0
96.5
53.0
43.5
22.5
11.2
11.2
80.6
44.1
36.5
36.9
107.1
93.0
101.8
56.1
45.6
24.4
12.2
12.2
80.2
43.5
36.6
43.4
108.7
91.3
98.4
54.7
43.7
22.7
11.4
11.4
78.1
42.5
35.6
53.8
113.9
84.8
101.2
55.2
46.0
23.1
11.5
11.5
77.4
42.0
35.4
52.2
114.1
84.9
104.9
56.9
48.0
23.8
11.9
11.9
79.2
42.8
36.4
54.3
117.3
85.6
110.0
58.4
51.6
25.3
12.6
12.6
38.1
283.8
409.7
41.4
328.1
431.3
39.7
287.8
409.7
39.2
301.9
432.0
43.1
315.6
426.4
43.4
328.7
426.3
38.6
331.8
430.1
40.4
336.5
442.5
Merchandise exports '
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other1
. .
Durable goods * 2
Nondurable goods 2
IV
I
II
in
IV
386.9
344.1
358.6
372.5
386.9
390.6
397.6
33.1
79.7
26.8
52.9
144.3
28.1
21.7
10.3
11.4
37.5
24.5
13.0
35.2
92.4
32.3
60.1
162.3
29.1
27.7
14.6
13.1
40.2
27.1
13.2
32.0
80.5
27.0
53.5
144.6
27.3
22.3
10.7
11.6
37.4
24.5
12.9
31.9
81.8
28.5
53.2
152.4
29.2
23.6
11.3
12.3
39.7
26.6
13.1
36.1
88.7
31.2
57.5
152.7
29.9
26.0
13.7
12.3
39.0
26.5
12.5
36.2
94.1
32.3
61.8
160.4
29.0
28.0
14.9
13.1
39.2
26.2
13.1
32.2
93.2
32.9
60.3
170.5
27.7
27.7
14.5
13.3
39.3
26.7
12.5
36.0
93.7
32.8
60.9
165.7
29.7
29.0
15.1
13.9
43.4
28.8
14.6
467.1
496.3
468.3
483.4
477.4
487.5
504.3
515.9
22.7
23.9
22.5
22.7
22.9
23.1
24.5
25.2
73.7
39.5
34.2
86.2
121.2
66.4
78.2
44.3
33.9
18.7
9.4
9.4
72.6
39.7
32.9
93.2
140.8
63.9
82.3
46.5
35.7
19.5
9.8
9.8
72.7
38.3
34.4
86.4
123.6
65.7
78.6
44.7
33.8
18.9
9.4
9.4
75.1
41.1
34.0
90.3
124.8
68.8
81.7
46.6
35.1
20.0
10.0
10.0
72.7
39.4
33.3
87.9
129.5
67.4
78.5
45.2
33.3
18.6
9.3
9.3
71.2
38.8
32.4
91.6
138.8
63.2
80.7
45.9
34.8
19.0
9.5
9.5
72.0
39.5
32.5
97.4
144.2
63.0
83.4
47.2
36.2
19.7
9.9
9.9
74.4
41.0
33.3
96.0
150.9
62.2
86.4
47.9
38.5
20.8
10.4
10.4
37.6
306.7
380.9
39.4
347.4
403.1
36.2
307.9
381.9
36.2
322.3
393.1
40.1
332.4
389.5
40.7
346.2
395.9
37.1
353.5
406.9
39.9
357.7
419.9
Foods, feeds, and beverages
Industrial supplies and materials,
excluding petroleum
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except autos
Autos
.
Consumer goods
Durable goods
Nondurable goods
Other '
Durable goods * 2
Nondurable goods 2
Addenda:
Addenda:
Exports of agricultural products 3
Exports of nonagricultural products ....
Imports of nonpetroleum products
1989
m
344.3
.....
Merchandise imports!
1988
1989
Exports of agricultural products3
Exports of nonagricultural products ....
Imports of nonpetroleum products
1. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to services other than factor income.
2. Because no data are available to distribute exports and imports of "other" merchandise between durable
and nondurable goods prior to 1986, or to distribute imports of "other" merchandise for all time periods,
estimates were distributed equally.
3. Includes parts of line 2 and line 5.
1. Estimates beginning with the first quarter of 1986 exclude repairs and alterations of equipment, which
was reclassified to services other than factor income.
2. Because no data are available to distribute exports and imports of "other" merchandise between durable
and nondurable goods prior to 1986, or to distribute imports of "other" merchandise for all time periods,
estimates were distributed equally.
3. Includes parts of line 2 and line 5.
NOTE.—Beginning with 1985, the definitions of the end-use categories have been changed. For a
description of the new definitions, see the technical notes in "U.S. International Transactions, First Quarter
1988," SURVEY OF CURRENT BUSINESS 68 (June 1988): 34-39 and 57.
NOTE.—Beginning with 1985, the definitions of the end-use categories have been changed. For a
description of the new definitions, see the technical notes in "U.S. International Transactions, First Quarter
1988," SURVEY OF CURRENT BUSINESS 68 (June 1988): 34-39 and 57.
Table 5.1.—Gross Saving and Investment
[Billions of dollars]
Seasonally adjusted at annual rates
1988
Gross saving
Gross private saving
Personal saving
Undistributed corporate profits with
inventory valuation and capital
consumption adjustments
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Corporate capital consumption
allowances with capital
consumption adjustment
Noncorporate capital consumption
allowances with capital
consumption adjustment
,
Wage accruals less disbursements
Government surplus or deficit (-),
national income and product
accounts
Federal
State and local
1989
1988
1989
HI
IV
I
II
in
IV
642.4
700.7
669.8
647.4
693.5
695.8
709.9
738.6
144.7
805.6
206.3
742.4
149.6
769.3
163.4
792.1
205.7
793.7
200.7
809.7
195.1 '"223.7
80.3
58.5
-25.0
46.8
47.1
36.2
-18.5
29.4
77.6
61.1
-30.4
46.9
81.7
60.4
-20.1
41.5
53.4
55.1
-38.3
36.6
52.0
40.2
-20.5
32.3
49.3
29.1
-6.3 """-8.9
26.5
22.4
321.7
344.8
323.1
329.7
335.2
339.7
349.9
354.5
191.9
0
207.4
0
192.1
0
194.4
0
197.8
0
201.3
0
215.3
0
215.1
0
-96.1 -104.9 -72.7 -121.9 -98.7 -97.9 -99.8
-145.8 -149.9 -122.5 -167.6 -147.5 -145.4 -144.7
49.7
45.0
49.8
45.7
48.8
47.5
44.9
Capital grants received by the
United States (net)
0
0
0
0
0
0
0
0
Gross investment
632.8
677.4
661.2
630.8
669.3
677.5
684.3
678.3
777.1 771.1 752.8 769.6
-99.8 -109.9 -122.0 -100.3
775.0
-97.5
779.1 784.8
-94.8 -106.5
-23.4
-18.3
-25.5
Gross private domestic investment
Net foreign investment
750.3
-117.5
-9.6
-8.6
-16.6
-24.1
18
SURVEY OF CURRENT BUSINESS
January 1990
Table 5.8.—Change in Business Inventories by Industry
Table 5.9.—Change in Business Inventories by Industry in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1988
1989
1988
m
Change in business
inventories
1988
1989
IV
I
II
in
IV
30.6
29.4
44.6
18.7
27.7
27.4
27.4
35.2
-3.6
4.2
3.1
-22.2
8.6
3.8
7.5
-3.1
34.2
70.6
-36.4
25.2
52.2
-27.0
41.5
84.4
-42.8
40.8
71.2
-30.4
19.1
76.8
-57.8
23.6
54.5
-30.9
19.8
27.2
-7.3
38.3
50.4
-12.1
Manufacturing
Durable goods . . .
Nondurable goods
9.1
8.7
.4
8.8
8.3
.6
6.6
7.5
-.9
14.9
14.6
.3
4.5
10.2
-5.7
9.8
5.3
4.5
14.5
9.8
4.8
6.5
7.8
-1.4
Wholesale trade
Durable goods
Nondurable goods
8.9
7.3
1.6
3.8
4.7
-.9
9.7
16.1
-6.3
4.5
2.2
2.3
-4.6
1.2
-5.9
6.1
6.9
-.9
3.3
1.9
1.4
10.5
8.6
1.8
Merchant wholesalers
Durable goods
Nondurable goods
7.7
6.0
1.7
3.6
4.3
-.8
7.4
14.1
-6.7
2.4
_2
2!6
-4.1
1.7
-5.8
6.4
7.7
-1.3
.3
-.4
.6
11.7
8.3
3.4
Nonmerchant wholesalers
Durable goods
Nondurable goods
1.2
1.3
.2
.4
-.1
2.3
1.9
.4
2.1
2.4
-.3
-.5
-.4
-.1
-.4
—8
!4
3.1
2.3
.8
-1.2
.4
-1.6
Retail trade
Durable goods
Automotive
Other
Nondurable goods
8.3
6.1
3.1
3.1
2.1
6.9
.3
0
.3
6.5
15.1
14.2
10.0
4.2
.9
13.6
11.4
7.7
3.7
2.1
9.9
7.3
10.6
-3.3
2.6
3.1
-5.4
-3.6
-1.8
8.4
-2.0
-7.3
-10.6
3.3
5.3
16.4
6.7
3.8
2.9
9.8
Other
Durable goods
Nondurable goods
7.9
2.9
5.0
5.7
1.3
4.4
10.1
3.6
6.4
7.9
3.8
4.1
9.3
3.3
6.0
4.6
-.9
5.5
4.0
.8
3.2
4.9
1.9
3.0
Farm
Nonfarm
Change in book value
Inventory valuation adjustment !
1989
1989
1988
m
Change in business
inventories
IV
I
in
II
IV
27.9
24.5
37.5
183
24.5
19.1
21.9
-2.8
3.5
.3
-13.6
7.6
-.5
5,6
1.3
30.7
21.0
37.2
31.9
16.9
19.5
16.2
31.3
8.5
8.2
.3
7.2
6.7
.5
5.8
7.4
-1.6
12.2
13.2
-1.0
3.8
8.3
-4.5
8.3
4.1
4.2
12.0
8.2
3.9
4.7
6.5
-1.8
8.5
6.6
1.9
3.2
3.9
-.8
9.8
14.3
-4.5
-2.4
1.0
-3.4
4.5
6.2
-1.7
2.4
1.4
1.0
8.3
7.2
1.1
Merchant wholesalers
Durable goods
Nondurable goods...
7.5
5.4
2.1
3.2
3.7
-.5
7.4
12.5
-5.2
1.9
1.9
0
.4
-.3
.7
-2.1
1.5
-3.5
5.2
7.0
-1.7
-.5
-.6
.1
10.1
6.8
3.3
Nonmerchant wholesalers
Durable goods
Nondurable goods
1.0
1.2
—3
0
.3
-.3
2.5
1.8
.7
1.5
2.2
-.7
-.4
-.5
.1
-.8
-.8
0
2.9
2.0
1.0
-1.8
.3
-2.1
Retail trade
Durable goods
Automotive
Other
Nondurable goods
7.3
5.4
2.6
2.8
1.9
5.8
.3
0
.3
5.5
13.3
12.5
8.6
3.9
.8
11.6
9.8
6.6
3.2
1.9
8.4
6.1
9.0
-2.9
2.3
2.6
-4.6
-3.0
-1.5
7.2
-1.6
-6.1
-9.0
2.9
4.5
13.8
5.7
3.2
2.5
8.1
Other
Durable goods
Nondurable goods
6.5
2.5
4.0
4.8
1.1
3.7
8.3
3.1
5.2
6.2
3.2
3.0
7.1
2.7
4.4
4.1
-.8
4.9
3.4
.7
2.7
4.5
1.6
2.9
Nonfarm
Manufacturing
Durable goods
Nondurable goods
,
Wholesale trade
Durable goods
Nondurable goods
,
32.6
1. The inventory valuation adjustment (IVA) shown in this table differs from the IVA that adjusts business
incomes. The IVA in this table reflects the mix of methods (first-in, first-out; last-in, first-out; etc.)
underlying book value inventories derived primarily from Census Bureau statistics. This mix differs from that
underlying business income derived primarily from Internal Revenue Service statistics.
Table 5.10.—Inventories and Final Sales of Business by Industry
Table 5.11.—Inventories and Final Sales of Business by Industry in Constant
Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted quarterly totals
1988
ra
Inventories *
Seasonally adjusted quarterly totals
1989
IV
I
II
1988
m
IV
985.3 1,004.0 1,026.6 1,033.9 1,041.8 1,055.3
!
Inventories
77.6
75.7
78.2
77.4
77.5
80.0
Nonfarm
Durable goods
Nondurable goods
907.7
535.5
372.2
928.3
549.5
378.7
948.4
561.8
386.6
956.5
564.3
392.2
964.3
568.6
395.7
975.3
575.0
400.3
Nonfarm
Durable goods
Nondurable goods
Manufacturing
Durable goods
Nondurable goods
360.8
240.5
120.4
368.6
246.9
121.7
376.5
253.2
123.4
378.2
254.0
124.1
3823
257.9
125.0
384.2
259.3
124.9
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
215.7
138.6
77.1
218.6
140.7
77.9
221.6
142.9
78.7
223.8
145.2
78.6
225.4
146.6
78.8
228.1
149.1
79.0
Wholesale trade
Durable goods
Nondurable °oods
188.9
122.4
66.5
191.0
123.7
67.3
193.1
125.8
67.4
195.4
128.3
67.1
196.2
129.0
67.2
199.2
131.4
67.8
26.8
16.2
10.6
27.6
17.0
10.6
28.5
17.1
11.3
28.4
16.9
11.5
29.2
17.6
11.6
28.9
17.7
11.2
218.2
112.3
56.9
55.4
105.9
223.7
116.2
59.4
56.8
107.4
229.0
119.0
62.3
56.7
110.0
231.3
118.3
61.5
56.8
113.0
231.7
117.0
59.1
57.9
114.7
237.3
119.2
60.3
58.9
118.1
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Farm .
Merchant wholesalers
Durable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods
Automotive
Other
Nondurable goods
Other
Final sales2
Final sales of goods and structures 2
113.0
117.4
121.2
123.3
124.4
125.8
345.8
196.8
354.4
202.4
360.0
205.4
366.6
208.9
371.8
210.5
374.6
209.6
Ratio of inventories to final sales
Inventories to final sales
Nonfarm inventories to final sales
Nonfarm inventories to final sales of goods and
structures
,
,
.
.......... ..... .,
Merchant wholesalers
Durable goods
Nondurable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods
«
,.
Final safes 2
»
Final sales of goods and structures 2.....
. ....
...
1989
ra
IV
9CJ1.4
906.8
915.0
69.6
71.0
71.3
826.9
481.2
345.7
831.8
482.4
349.4
835.8
483.5
352.4
843.7
488.7
355.0
327.3
215.4
111.9
328.3
217.5
110.8
330.4
218.5
111.9
333.4
220.5
112.8
334.5
222.1
112.4
193.0
121.3
71.7
193.5
121.8
71.7
192.9
122.0
70.9
194.0
123,6
70.4
194.6
123.9
70.7
196.7
125.7
71.0
166.9
107.1
59.8
167.0
107.0
60.0
166.5
107.4
59.1
167.8
109.1
58.7
167.7
109.0
58.7
170.2
110.7
59.5
26.1
14.2
11.9
26.5
14.7
11.7
26.4
14.6
11.8
242
144
11.8
26.9
14.9
12.0
26.5
15.0
11.5
190.7
98.4
48.9
49.5
92.3
193.6
100.8
50.6
50.3
92.8
195J
102.3
52.8
49.5
93.4
196.4
101.2
52.0
49.2
95.2
196.0
99.7
49.8
49.9
96.3
199.4
101.1
50.6
50,5
98.3
ffl
IV
885.9
890.5
896.6
71.2
67.8
69.7
814.7
469.6
345.1
822.7
476.7
346.0
324.3
212.1
112.2
I
n
106J
108.2
110,0
111.0
111.9
113.0
288J
177.0
29.1J
1795
294.3
181.4
296J
298.6
183.0
297.8
180.8
3.07
2.82
3.05
2J2
3.05
3.04
2.80
3,04
2.80
3.07
2.83
4.55
4.57
4.67
Ratio of inventories to final sales
2.85
2.62
2.83
2.62
2.85
2.63
2.82
2.61
2.80
2.59
2.82
2.60
4.61
4.59
4.62
4.58
4.58
4,65
Inventories to final sales ,.« ,.., *.,....,.
Nonfarm inventories to final sales
.,»....................<.»..
Nonfarm inventories to final sales of goods and
structures
4.60
4,58
"'
4.56
nMrauEb.wK»
1. Inventories are as of die end of the quarter. The quarter-to-quarter change in inventories calculated from
current-dollar inventories in this table is not the current- dollar change in business inventories (CBI)
component of GNP. The former is the difference between two inventory stocks, each valued at their
respective end-of-quarter prices. The latter is the change in the physical volume of inventories valued at
average prices of the quarter. In addition, changes calculated from this table are at quarterly rates, whereas
CBI is stated at annual rates.
2. Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households
and institutions, government, and rest of the world, and includes a small amount of final sales by farms.
i. Inventories are as of the end of the quarter.-Qc'j:.er-n> p«s^r ci«» iges calculated from this table are at
quarterly rates, whereas the constant-dollar change in biL *-•«<: l^ve^^ries componept of GNP is stated at
2. Quarterly totals at monthly sates. Business 6r.s.s pales equas final ssles ka5. gross product of households
and institutions, government, and rest of die wor'^, and includes 8 small amount rf fir.al sales by farms.
19
SURVEY OF CURRENT BUSINESS
January 1990
Table 5.12.—Fixed Investment by Type
Table 5.13.—Fixed Investment by Type in Constant Dollars
[Billions of dollars]
[Billions of 1982 dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1988
1989
1988
HI
IV
I
II
1989
1988
1989
III
rv
1988
HI
1989
IV
in
II
I
IV
Fixed investment
719.6
747.7
726.5
734.1
742.0
747.6
751.7
749.6
Fixed investment
687.9
700.0
696.1
690.8
696.6
700.7
702.7
700.1
Nonresidential
487.2
512.5
493.2
495.8
503.1
512.5
519.6
514.8
Nonresidentia!
493.8
511.1
501.0
492.7
501.0
511.4
517.9
514.0
Structures
Nonresidential buildings,
excluding farm
Public utilities
Mining exploration, shafts, and
wells
Other
140.3
145.1
142.0
142.5
144.7
142.4
146.2
147.1
120.1
123.0
121.4
121.1
118.1
120.4
120.8
100.6
28.4
98.7
26.8
97.9
28.6
101.3
28.8
98.5
28.5
101.3
28.3
101.4
28.0
78.7
22.6
77.8
23.8
79.3
23.0
78.1
24.2
79.8
24.5
76.6
24.0
77.7
23.6
77.1
23.2
12.0
4.5
10.6
5.5
12.3
4.1
11.0
4.9
9.7
4.8
9.9
5.5
10.7
5.9
11.8
5.9
Structures
Nonresidential buildings,
excluding farm
Public utilities
Mining exploration, shafts, and
wells
Other
122.2
97.8
26.1
17.2
3.7
14.0
4.5
17.3
3.4
15.0
4.1
12.9
3.9
13.1
4.5
14.2
4.8
15.8
4.7
Producers' durable equipment
Information processing and
related equipment
Industrial equipment
....
Transportation and related
equipment
Other
346.8
367.4
351.3
353.3
358.5
370.1
373.4
367.7
391.0
378.0
371.3
379.9
393.2
397.6
393.3
121.6
91.7
116.9
83.0
115.1
87.8
117.8
92.2
122.7
90.7
122.0
91.6
123.8
92.4
174.2
68.4
189.0
74.0
178.6
69.5
172.2
72.0
180.3
74.9
189.1
73.5
191.1
73.5
195.3
74.0
76.3
73.9
74.2
80.0
77.4
74.0
76.7
73.7
72.2
76.3
77.6
79.0
79.8
80.1
67.1
84.4
Producers' durable equipment
Information processing and
related equipment
Industrial equipment
Transportation and related
371.6
114.7
81.9
65.7
63.3
61.9
66.2
66.7
63.2
64.7
62.4
60.7
63.9
64.8
65.7
66.9
66.0
55.1
69.0
232.4
116.5
23.3
92.6
235.2
115.6
24.1
95.5
233.2
115.1
23.1
95.0
238.4
119.2
23.4
95.8
238.8
121.5
24.1
93.2
235.1
114.8
25.0
95.3
232.1
112.4
24.1
95.6
234.8
113.8
23.3
97.7
194.1
96.2
19.3
78.6
188.9
91.5
19.1
78.4
195.1
95.3
19.1
80.7
198.1
97.9
19.2
80.9
195.6
98.3
19.5
77.8
189.3
91.1
19.8
78.4
184.8
87.9
18.8
78.0
186.0
88.6
18.1
79.4
Residential
Single-family structures
Multifamily structures
Other
Other
Residential
Single-family structures
Multifamily structures
Other
Table 6.3B.—National Income Without Capital Consumption Adjustment by
Industry
Table 6.18B.-—Corporate Profits by Industry
[Billions of dollars]
[Billions of dollars]
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
1988
1988
1989
HI
National income without
capital consumption
adjustment
IV
I
II
HI
in
3,952.8 4,270.8 3,985.2 4,083.4 4,178.4 4,249.8 4,300.5
3,919.5 4,237.2 3,953.0 4,048.9 4,143.9 4,218.9 4,266.9
3,352.6 3,630.9 3,382.0 3,470.1 3,549.6 3,616.8 3,656.7
Agriculture, forestry, and fisheries..
Mining
Construction
90.4
34.4
211.2
98.0
37.5
223.7
88.0
34.8
213.2
82.5
33.9
217.4
109.5
35.0
220.5
102.7
37.2
221.6
88.7
38.3
224.3
Manufacturing.
Durable goods
Nondurable goods
788.6
455.0
333.6
819.2
468.0
351.2
789.9
457.4
332.6
816.1
469.2
346.9
817.1
469.9
347.2
818.2
466.7
351.5
823.1
467.9
355.2
Transportation and public utilities...
Transportation
Communication
Electric, gas, and sanitary
services
300.2
13U
83.6
320.4
140.9
88.0
304.7
133.6
84.5
311.1
134.9
85.7
314.5
137.1
87.8
321.4
140.0
90.0
322.0
142.1
87.2
85.5
91.6
86.5
90.6
89.7
91.4
92.7
Wholesale trade
Retail trade
Finance, insurance, and real estate..
Services
234.5
335.6
568.8
789.0
253.3
356.3
633.7
888.7
236.5
338.5
576.4
800.0
244.9
344.2
594.5
825.5
244.7
346.6
613.3
848.3
251.6
353.9
633.3
876.9
257.2
362.8
638.4
902.1
566.9
606.3
571.0
578.8
594.3
602.0
610.2
33.3
33.6
34.5
34.5
31.0
33.5
,
323
1989
IV
I
n.
m
rv
IV
Corporate profits with inventory
valuation and capita! consumption
adjustments
Private industries
Rest of the world
1988
1989
1989
Domestic industries
Government and government
enterprises
1988
Domestic industries.
328.6 298.2 330.9 340,2 316.3
35.7 29.5 37.5 35.5 34.4 33.6 22.8
249.3 222.9 248.3 258.2 235.3 230.5 226.7
Financial
Nonfinancial
43.7
Rest of the world
Corporate profits with inventory
valuation adjustment
281.8
29.8
18.1
11.7
Financial.....
Federal Reserve bsnks...
Other
208.4
»
45.1
46.5
46.6
43.6
45.7
268.7 284.1 298.7 279.7 275.5 268.7
24.3
20.6
3.7
31.6
18.3
13.3
30.1
19.3
10.8
29.3
20.3
9.0
231.8
223.0
28.6
21.2
7.4
17.8
20.4
-2.6
198.6 207.3 222.1 203.9 203.2 205.2
98.4
87.3
95.1
105,5
96.5
90.3
86.6
Motor vehicles and equipment
Other
38.1
6.4
6.1
4.8
4.6
2.4
13.8
30.2
6.5
6.4
2.3
3.9
-.8
12.0
38.3
6.8
4.S
6.0
5.8
3.2
11.8
39.8
7.4
5.9
2.1
6.6
4.5
13.4
35.6
6.5
7.2
2.0
4.4
3.0
12.4
31.5
6.6
6.7
2.8
5.1
-1.9
12.2
28.6
6.7 '"•••'•'•
6.2
2.3
3.0
-2.0
12.3
Nondurable goods. ...
Food and kindred products
Chemicals and allied p*xxlucts
Petroleum and coal products
Other
60.3
15.7
17.4
3.7
23.5
57.1
15.0
16.6
2.2
23.3
56.8
14.9
15.6
3.8
22.5
65.7
17.2
22.0
5.3
21.2
60.9
17.4
18.5
1.2
23.8
58.8
14.8
18.1
1.0
24.9
58.0
14.8
15.9
3.9
23.4
39.3
40.1
30.6
39.4
36.7
35.1
40.8
39.2
32.2
43.5
41.8
31.3
41.6
34.1
31.7
40.8
36.9
35.2
39.4
41.9
37.4
43.7
45.8
45.1
46.5
46.6
43.6
45.7
Manufacturing
Durable goods
Primary metal industries
Fabricated metal products
Machinery, except electrical
35.2
45.8
238.2 222.9 239.0 252.2 233.1
Domestic industries
Nonfinancial
307.8 295?
285.0 252.4 285.9 293.7 269.7 264.2 249J
,
Transportation and public utilities
Wholesale and retail trade
Other
Rest of the world
.-.
SURVEY OF CURRENT BUSINESS
20
January 1990
Table 7.1.—Fixed-Weighted Price Indexes for Gross National Product, 1982
Weights
Table 7.2.—Fixed-Weighted Price Indexes for Gross National Product by
Major Type of Product, 1982 Weights
[Index numbers, 1982=100]
[Index numbers, 1982=100]
Seasonally adjusted
1988
1988
1989
III
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Seasonally adjusted
1989
IV
I
n
1988
ni
rv
124.1
129.7
124.9 126.2 127.7 129.3
130.2
131.4
125.9
131.8
126.6
132.3
133.8
128.1
129.6
131.6
112.9 115.1 113.2 114.1 114.7 114.7 115.2 115.9
117.2 123.8 118.1 119.4 121.0 124.5 124.3 125.6
135.5 141.9 136.2 138.1 139.8 141.1 142.6 144.3
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
111.3
109.0
107,1
110.2
119.5
115.6
113.1
112.1
113.8
124.2
111.5
109.3
107.9
110.2
119.3
112.7
110.5
109.1
111.5
120.1
114.1
111.8
110.5
112.7
121.8
115.2
112.6
111.6
113.3
123.9
116.1
113.5
112.7
114.0
125.3
117.0
114.5
113.6
115.1
126.0
Net exports of goods and services
Exports
Imports
111.2 114.6 112.6 113.3 113.7 114.6 114.4 114.9
106.3 110.7 106.2 107.3 109.5 111.1 109.8 111.2
Government purchases of goods and services.... 125.1
Federal
National defense
Nondefense
State and local
117.9
117.9
118.0
130.4
131.0
125.9
126.9 129.4
130.5
131.4
132.6
122.9
122.6
123.8
136.9
118.7
118.3
119.7
131.2
119.3
119.0
120.0
132.6
122.3
122.0
123.0
134.7
122.7
122.5
123.2
136.2
123.0
122.5
124.2
137.6
123.7
123.3
124.7
139.1
Gross national product
<
IV
I
n
m
IV
126.2
127.7
129.3
130.2
131.4
129.7
124.9
124.0
129.5
124.8 126.1 127.6 129.2 130.1 131.3
115.1
119.9
116.2
117.3
118.1
120.0
120.3
115.0
119.8
116.0
117.1 118.0
119.8
120.1 121.1
Durable goods
Final sales
Change in business inventories
108.2 111.0
108.3 111.1
108.7
108.7
109.1 109.9
109.2 110.1
110.6
110.8
111.2 112.1
111.3 112.2
Nondurable goods
Final sales
Change in business inventories
119.8
119.5
125.9 121.3 122.8 123.6 126.3 126.4 127.4
125.7 121.0 122.5 123.4 126.1 126.2 127.1
Services
133.7
140.1
134.4
136.0
138.0
139.4
140.7
142.3
Structures
113.7
118.6
114.2
115.2
116.8
118.2
119.4
120.1
Goods
Final sales
Change in business inventories
121.2
Table 7.3.—Fixed-Weighted Price Indexes for Relation of Gross National
Product, Gross Domestic Purchases, and Final Sales to Domestic Purchasers,
1982 We ights
[Index numbers, 1982=100]
124.0 129.5 124.8 126.1 127.6 129.2 130.1 131.3
122.2 129.2 123.5 124.9 126.6 129.0 129.9 131.4
92.4 97.7 92.8 92.9 94.0 100.6 98.2 97.8
131.0 136.7 131.5 133.3 134.8 136.1 137.2 138.8
Seasonally adjusted
1988
1988
1989
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
1989
III
124.1
Final sales
Change in business inventories
Addenda:
Final sales ...
Personal consumption expenditures, food
Personal consumption expenditures, energy
Other personal consumption expenditures
1988
1989
1989
III
IV
I
126.2
127.7
n
m
1293 130.2
rv
Gross national product
124.1
129.7
124.9
Less: Exports of goods and services
Plus* Imports of goods and services
111.2
106.3
114.6
110.7
112.6 113.3 113.7
106.2 107.3 109.5
114.6 114.4 114.9
111.1 109.8 111.2
Equals: Gross domestic purchases1
123.7
129.4
124 .3 125.7 127.4
129.1
129.9
131.2
124.2
128.9
129.7
131.0
131.4
Less: Change in business inventories
Equals: Final sales to domestic purchasers 2
123.5 129.2
125.6
127.3
1. Purchases in the United States of goods and services wherever produced.
2. Final sales in the United States of goods and services wherever produced.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
21
SURVEY OF CURRENT BUSINESS
January 1990
Table 7.4.—Implicit Price Deflators for Gross National Product
Table 7.7.—Implicit Price Deflators for the Relation of Gross National Product,
Net National Product, and National Income
[Index numbers, 1982=100]
[Index numbers, 1982=100]
Seasonally adjusted
1988
1989
Gross national product
121.3
126.3
Personal consumption expenditures
124.5
130,0 125.1
Durable goods ....
Nondurable goods
Services
121.9
110.1 111.3 110.2
116.3 122.6 117.1
134.9 141.2 135.6
Seasonally adjusted
1989
1988
III
IV
123.3
I
124.5
n
ra
125.9 126.9
126.5 128.0 129.8
111.2 111.2 110.8
118.2 120.0 123.3
137.3 139.0 140.4
104.6
98.7
114.9
93.3
119.7
106.8 104.4 106.3
100.3 98.4 100.6
120.8 115.4 117.3
94.0 92.9 95.2
124.5 119.6 120.4
106.5
100.4
119.5
94.4
122.1
106.7
100.2
120.6
94.1
124.2
1989
1988
1989
III
IV
I
n
m
IV
121.9
123.3
124.5
125.9
126.9
128.0
128.0
130.4
131.9
111.4 111.7
122.9 124.2
141.8 143.5
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
1988
IV
107.0
100.3
121.5
93.9
125.6
107.1
100.1
121.8
93.5
126.2
103.3 106.3 104.7 105.1 106.3 106.6 106.0
102.7 104.9 102.7 104.0 105.6 105.9 103.6
Government purchases of goods and services.... 123.4 128.7 123.5 125.4 127.1 127.5 129.0
Federal
.,
115.9 119.8 114.9 118.2 118.9 118.2 119.8
National defense
114.0 118.2 114.4 114.9 117.4 117.8 118.3
Nondefense
123.6 125.2 117.1 128.7 123.8 119.2 125.0
State and local
128.8 135.0 129.6 130.8 132.9 134.4 135.6
106.2
104.4
121.3
Gross national product
126.3
Less: Capital consumption allowances with
capital consumption adjustment
106.9
108.6 106.7
107.4
108.0
108.4
109.0
109.0
Equals: Net national product
123.2
128.8
123.9
125.5
126.8
128.3
129.4
130.8
Less: Indirect business tax and nontax liability
plus business transfer payments less subsidies
plus current surplus of government enterprises.. 123.3 131.8
125.9
124.5 126.5
129.4
135.3 135.8
119.3 124.0 119.9 121.3 122.3 123.6 124.5
........ 123.2 128.5 123.7 125.5 126.8 128.1 128.8
Statistical discrepancy
Equals: National income
..
Net exports of goods and services:
Exports
Imports
Table 7.8.—Implicit Price Deflators for Command-Basis Gross National
Product
131.0
122.5
119.1
133.4
137.0
[Index numbers, 1982=100]
[Index numbers, 1982=100]
121.3
Gross national product
126.3
121.9
123.3
124.5
125.9
126.9
128.0
121 4 1264 121 9 1234 1246 1258 1269 1282
Final sales .
Change in business inventories
Goods
Final sales
Change in business inventories ...
Durable goods
Final sales
Change in business inventories
109.7
111.1 111.4 112.8
113.2
114.0
111.4
112.4
113.1
114.1
99.2
98.7
99.2
99.0
109.0
112.8
109.0
112.7 109.5
111.2
98.1
97.6
98.7
98.2
97.7
97.4
99.6
99.3
...
1396 1340 1355 137.6
118.5 123.7 118.8 120.0 121.9
133.4
Services
Structures
138.9
123.4
140.3
124.6
141.7
125.1
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.6.—Implicit Price Deflators for Gross National Product by Sector
[Index numbers, 1982=100]
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
..
Statistical discrepancy
Households and institutions . .
Private households
Nonprofit institutions
.
Government
Federal ....
State and local
Rest of the world
.
..
121.3
126.3
1213
1193
119.6
1178
138.3
1046
119.3
126.3
1240
124.3
1224
145.7
1102
124.0
121.9 123.3
121.9 123.3
1199 1213
119.9 121.6
118 1 1199
139.0 140.8
1173 101 8
119.9 121.3
1372 139 i
106.1 106.4
1393 141 3
124.5
124.5
1223
122.5
1207
142.0
1130
122.3
125.9
125.9
123.6
123.8
1220
143.3
1157
123.6
141.0 142.4
107.0 107.4
143.2 1447
126.9
126.9
124.5
124.8
1228
147.6
1095
124.5
128.0
128.1
125.6
126.1
1239
150.0
1026
125.6
1474
107.6
1499
1434
134.1
148.1
144.8
107.4
1473
1345 141 5 135 1 1364 1395 1409 142 1
1272 1337 1275 1277 133 1 133.7 133.9
138.1 145.4 138.9 140.7 142.6 144.4 146.3
123.3 128.8 124.0 125.5 126.8 128.3 129.4 130.8
1370 1439
105.9 107.3
1391 1463
Addendum:
Gross domestic business product less housing... 117.6
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
125.8
121.3
122.8
124.5 125.9
126.9
128.0
106.3 106.6 106.0 106.2
1056 1059 1036 1044
124.2
125.5
126.2
127.4
120.9
102.7 104.9 102.7 104.0
1027 1049 1027 1040
105.6 105.9 103.6 104.4
1056 1059 1036 1044
Equals: Command-basis gross national
product . . .
121.2
124.4 125.8
126.1
121.6
123.1
126.4
127.7
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.9.—Fixed-Weighted Price Indexes for Personal Consumption
Expenditures by Major Type of Product, 1982 Weights
[Index numbers, 1982=100]
Durable goods
125.9
112.9
126.6
115.1 113.2
131.8
131.6 132.3
114.7 115.2
133.8
115.9
124.5
124.3
125.6
122.2
1158
791
1275
768
134.5
129.2
1185
865
1353
804
142.7
123.5
1151
804
1282
775
135.2
124.9
1179
791
1298
739
137.4
126.6
1182
799
132 1
776
139.4
129.0
1199
927
1344
802
141.6
129.9
1167
882
1363
805
1438
131.4
119 1
850
1386
832
1460
135.5
141.9
136.2
138.1
139.8
141.1
142.6
144.3
136.4
119.9
1127
1274
126.6
144.5
137.9
142.7
122.6
1158
1297
1306
154.5
144.1
137.1
119.8
1120
1279
1276
146.0
138.2
138.9
121.7
1147
1288
128.5
148.5
139.9
140.2
122.4
1155
1295
130.4
151.3
141.5
141.4
122.4
1156
1294
1305
153.5
143.4
143.5
122.2
1149
1297
1300
155.7
1450
145.6
123.7
1173
1303
131 4
157.7
1464
117.2 123.8
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
128.1 129.6
114.1 114.7
118.6 120.5 1189 1195 120.5 120.6 120.1 120.9
103.8 105.0 104.2 104.7 104.8 104.1 105.3 105.8
1185 1235 1188 121 1 1217 1230 1242 1252
Motor vehicles and parts..
Furniture and household equipment
Other
..
Services
Gross national product
123.3
Equals: Gross domestic purchases
99.9 100.2
99.8 99.8
1203 126 0 121 6 1236 1234 126.1 126.8 127.6
120.4 126.1 121.2 1238 123.6 125.7 126.8 128.2
121.9
Plus: Command-basis net exports of goods and
services
Command-basis exports
Imports
Personal consumption expenditures
Nondurable goods . .
.
...
Final sales
Change in business inventories
126.3
103.3 106.3 104.7 105.1
1027 1049 1027 1040
Exports
Imports
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
Table 7.5.—Implicit Price Deflators for Gross National Product by Major Type
of Product
121.3
Gross national product
Housing
Household operation
Electricity and gas
Other
Medical care
Other. .
118.1 119.4 121.0
Table 7.14.—Fixed-Weighted Price Indexes for Exports and Imports of Goods
and Services, 1982 Weights
[Index numbers, 1982=100]
111.2
Exports of goods and services
Merchandise
Durable goods
Nondurable goods
Services
Factor income
Other
...
.
106.3
Imports of goods and services
Merchandise
Durable goods
Nondurable goods
Services
Factor income
Other .. .
.;
114.6
112.6
113.3
113.7
114.6
114.4
114.9
1041 1063 1062 1063 106 1 1068 1057 1058
104.3 106.7 105.1 1055 105.8 1066 1067 1078
103.9 105.3 108.1 108.0 107.1 106.7 104.3 103.1
121.3 126.5 121.9 123.3 124.8 126.1 127.1 128.1
1242 1298 1248 1264 1277 1293 1304 131 7
1163 1208 1168 1179 1196 1204 1213 1217
110.7
106.2
107.3
109.5
111.1 109.8
99.5 103.3 99.1 99.8 102.5 104.5
118.0 1203 1178 1205 1210 1199
80.0 85.4 80.1 78.7 83.5 87.9
111.2
102.1 103.3
1195 1203
84.3 858
1260 132 1 1268 1293 1303 1314 1324 1344
1233 1288 1240 1255 1268 1284 1295 1308
1281 1347 1291 1322 1330 1337 1347 1373
22
SURVEY OF CURRENT BUSINESS
January 1990
Table 7.15.—Fixed-Weighted Price Indexes for Merchandise Exports and
Imports by Type of Product and by End-Use Category, 1982 Weights
Table 7.16.—Fixed-Weighted Price Indexes for Government Purchases of
Goods and Services by Type, 1982 Weights
[Index numbers, 1982=100]
[Index numbers, 1982=100]
Seasonally adjusted
1988
1989
1988
III
Merchandise exports
Seasonally adjusted
1989
I
IV
n
1988
ffl
IV
104.1 106.3 106.2 106.3 106.1 106.8 105.7 105.8
Foods, feeds, and beverages
Industrial- supplies and materials
Durable goods
Nondurable goods
Capital goods, except autos
Autos ..
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods .
99.6
...... 104.1
104.1
104.0
102.6
115.6
111.7
106.4
115.9
101.0
94.2
107.7
Merchandise imports..
102.3
104.1
104.7
103.9
105.1
119.6
116.2
110.4
120.7
102.0
93.9
110.0
99.5 103.3
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
109.0
105.8
105.8
105.8
102.8
116.9
111.8
107.3
115.3
103.3
96.3
110.2
108.3
105.7
105.7
105.7
103.4
117.6
113.1
107.8
117.2
102.2
93.8
110.5
106.8
104.4
104.4
104.4
103.7
118.6
115.8
110.1
120.3
102.2
94.2
110.2
100.3
103.5
104.7
103.1
105.4
120.0
116.2
109.8
121.3
100.0
90.3
109.8
104.6
105.2
105.3
105.2
104.7
118.7
115.8
110.7
119.9
102.8
95.1
110.5
99.8 102.5 104.5
99.1
97.2
103.2
104.2
102.8
106.4
121.3
116.7
110.9
121.2
102.8
95.9
109.8
102.1 103.3
109.9
104.9
110.3
110.6
109.9
108.9 101.6
104.1
104.1
104.0
45.6
115.3
132.4
123.1
119.2
128.7
119.2
119.2
119.2
108.3
107.2
109.5
54.6
116.6
135.5
125.8
121.0
132.6
121.5
121.5
121.5
105.2
105.2
105.1
45.2
114.6
132.4
122.7
118.4
128.7
119.2
119.2
119.2
107.4
107.4
107.4
40.8
118.0
135.2
124.4
120.6
129.9
121.7
121.7
121.7
110.1
110.0
110.1
49.4
117.6
135.5
125.2
121.0
131.1
122.5
122.5
122.5
109.3
109.0
109.6
58.7
116.3
134.3
125.3
120.3
132.3
121.5
121.5
121.5
107.3
105.7
109.0
53.5
116.5
134.7
125.6
120.7
132.5
120.7
120.7
120.7
99.9
106.7
104.2
109.2
56.5
116.6
137.6
126.9
121.9
134.1
121.2
121.2
121.2
Table 7.17.—Fixed-Weighted Price Indexes for National Defense Purchases of
Goods and Services, 1982 Weights
[Index numbers, 1982=100]
1989
Government purchases of goods and
services
Federal
National defense
Durable goods
Nondurable goods
Services
. .
Compensation of employees
Military
Civilian
Other services
Structures
National defense purchases
Durable goods
Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronic equipment
Other
Other durable goods
,
Nondurable goods
Petroleum products
Military facilities
Other
IV
I
117.9 122.6
118J 119.0 122.0
109.3 111.5
109.6 110.1
111.0 111.4
107.0 106.6
117.4 118.1
126.6 127.3
90.6 91.0
108.1 109.2
112.3 113.9
103.0 103.9
75.7 74.7
110.8
106.9
117.7
125.6
89.8
108.1
111.9
102.4
73.9
58.2
98.9
115.5
Other nondurable goods
125.8
Services
127.2
Compensation of employees
Military
.
126.7
Civilian
128.1
123.2
Other services
Contractual research and development
120.3
130.6
Installation support
*
2
Weapons support 3
. . . . . . 117.6
156.5
Personnel support
94.6
Transportation of materiel
107.2
Travel of persons
Other
124.2
Structures .
n
122.5
127.5
127.1
128.2
123.2
120.9
131.2
117.7
152.6
93.4
108.5
127.7
127.3
128.3
125.5
122.1
132.8
119.2
161.2
99.0
108.8
133.5
132.8
134.9
127.1
125.3
135.0
121.1
155.6
97.5
111.5
•ffl
125.9 126.9 129.4 130.5 131.4 132.6
117.9 122.9 118.7 119.3 122.3 122.7
117.9 122.6
109.3 111.5
73.9 75.9
. 125.8 131.5
127.2 133.6
126.7 133.0
128.1 134.8
123.2 127.5
124.2 133.6
rv
123.0 123.7
118.3
109.6
75.7
126.0
127.5
127.1
128.2
123.2
123.8
119.0
110.1
74.7
126.9
127.7
127.3
128.3
125.5
128.8
122.0
112.2
74.9
130.5
133.1
132.6
134.1
125.5
130.8
122.5
111.5
76.7
131.3
133.5
132.8
134.9
127.1
132.1
Nondefense
118.0 123.8 119.7
101.6 105.3 101.7
Durable goods
Nondurable goods
Commodity Credit Corporation inventory
change
Other nondurables
98.6 104.8 98.1
124.2 130.1 124.5
Services
Compensation of employees
127.5 134.0 127.6
Other services
. 119.2 124.1 119.7
115.2 120.1 115.9
Structures
120.0
103.3
123.0
104.6
123.2 124.2 124.7
104.8 105.3 106.6
99.8
124.9
127.7
120.6
116.6
103.1
128.9
133.4
122.1
118.2
104.0
129.9
134.1
123.4
119.6
State and local
Durable goods
Nondurable goods
Services.
..
..
..
Compensation of employees
Other services
. .
Structures
122.5
111.1
74.4
131.8
133.7
133.0
135.1
128.1
134.2
105.2
130.6
134.3
124.8
120.8
123.3
111.2
77.7
132.4
134.0
133.4
135.1
129.3
137.2
106.9
131.0
134.3
125.9
121.7
130.4 136.9 131.2 132.6 134.7 136.2 137.6 139.1
113.4
97.3
136.7
137.8
131.6
119.6
117.4
103.7
144.0
145.5
137.4
123.7
114.0 115.0 116.2
97.7 98.4 101.8
137.8 139.5 141.5
139.0 140.8 142.7
132.3 133.4 135.8
120.4 121.3 122.9
117.0 117.7 118.8
104.2 103.5 105.4
143.2 144.9 146.6
144.5 146.4 148.2
137.0 137.9 139.0
123.2 123.9 124.6
Table 7.18.—Current-Dollar Cost and Profit per Unit of Constant-Dollar Gross
Domestic Product of Nonfinancial Corporate Business
IV
1988
1989
111.2
133.7
133.0
135.1
128.1
125.3
137.6
122.8
157.0
96.5
111.0
134.0
133.4
135.1
129.3
125.9
139.2
123.3
161.7
96.4
113.0
133.6 123.8 128.8 130.8 132.1 134.2 137.2
125.3 135.4 124.5 132.3 132.5 133.2 135.8 140.2
122.6 130.8 122.9 123.6 128.4 130.3 131.7 132.6
1988
III
122.5 123.3
1. Includes utilities, communications, rental payments, maintenance and repair, and payments to contractors
to operate installations.
2. Includes depot maintenance and contractual services for weapons systems.
3. Includes compensation of foreign personnel, consulting, training, and education.
n
Seasonally adjusted
ffl
112.2 111.5 111.1
113.8 112.8 112.2
110.5 106.6 106.4
118.7 119.7 114.4
130.2 131.6 132.3
90.2 91.5 93.1
110.6 111.0 111.3
115.2 116.0 116.6
105.0 105.5 105.8
74.9 76.7 74.4
133.1
132.6
134.1
125.5
122.2
132.8
119.9
157.9
99.8
111.9
I
[Dollars]
112.8
112.4
107.4
106.2
116.7
113.8
131.7
132.6
94.4
92.3
111.1
111.5
116.4
117.9
105.5
105.6
77.7
75.9
59.5 60.6 58.7 58.5 60.9 57.2 61.5
102.3 99.3 99.5 101.1 102.1 102.4 103.5
119.1 115.7 117.8 118.1 118.5 118.8 120.8
131.5 126.0 126.9 130.5 131.3 131.8 132.4
133.6
133.0
134.8
127.5
124.7
136.2
121.8
158.1
97.6
111.9
125.1 131.0
1989
IV
1989
1988
III
1988
III
Seasonally adjusted
1988
1989
Current-dollar cost and profit per unit
of constant-dollar
gross domestic
product l
Capital consumption allowances with capital
consumption adjustment
Net domestic product
Indirect business tax and nontax liability plus
business transfer payments less subsidies
Domestic income
Compensation of employees
Corporate profits with inventory valuation
and capital consumption adjustments
Profits tax liability
Profits after tax with inventory valuation
and capital consumption adjustments
Net interest
1989
IV
I
n
ffl
IV
1.129 1.172 1.132 1.148 1.156 1.168 1.176
.123
.128
1.006 1.044
.122
.124
1.009 1.024
.126
.129
1.031 1.042
.125
1.047
.107
.899
.744
.111
.932
.782
.108
.901
.746
.108
.916
.756
.110
.921
.768
.111
.931
.778
.112
.935
.783
.103
.044
.090
.039
.102
.044
.105
.045
.096
.045
.093
.041
.091
.038
.059
.052
.051
.060
.058
.053
.061
.055
.051
.057
.053
.060
.053
.061
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point
shifted two places to the left.
January 1990
23
SURVEY OF CURRENT BUSINESS
Table 8.1.—Percent Change From Preceding Period in Selected Series
[Percent]
Seasonally adjusted at annual rates
1988
1989
HI
Gross national product:
Current dollars . . . . .
1982 dollars
implicit price aenator
^. , ™ .. ? .' .'"j"
..
Personal consumption expenditures:
Current dollars *
1982 dollars '
Implicit price deflator
Chain price index
Fixed-weighted price index
Durable goods:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Nondurable goods:
Current dollars
Chain price index
Services:
Current dollars l
1982 dollars '
Ph
* H
Fixed-weighted price index
"'"
Gross private domestic investment:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Seasonally adjusted at annual rates
1989
1988
IV
I
n
1988
III
IV
7.9
4.4
3.3
3.7
4.2
7.2
2.9
4.1
4.2
4.5
7.5
3.2
4.4
4.4
5.2
7.5
2.7
4.7
4.1
4.3
7.9
3.7
4.0
4.6
4.8
7.1
2.5
4.6
4.9
5.0
6.2
3.0
3.2
2.8
2.9
4.3
.5
3.5
3.7
3.8
7.4
3.4
3.9
4.1
4.3
7.3
2.7
4.4
4.5
4.7
7.5
3.3
3.9
4.3
4.6
7.6
3.0
4.6
4.8
4.9
7.1
2.0
4.8
4,7
4.8
7.6
1.9
5.7
5.8
6.3
7.6
5.6
1.9
2.1
2.2
4.6
-.!<
4.7
4.4
4.4
8.1
6.2
1.9
2.2
2.4
4.0
2.9
1.1
1.8
2.0
-1.8
-3.9
2.2
2.8
3.1
13.8
9.9
3.7
3.1
3.2
-.9
-1.1
0
2.1
2.0
4.0
5.5
-1.4
-.3
0
13.5 -11.9
11.3 -12.9'
2.2
1.1
1.4
2.6
2.5
1.6
5.4
1.6
3.7
4.0
4.1
6.7
1.2
5.4
5.4
5.7
9.5
5.0
4.2
4.6
5.0
4.7
.7
3.8
4.5
4.5
7.6
1.3
6.2
5.5
5.5
8.7
-2.3
11.5
11.5
12.0
3.6
5.0
-1.3
-1.0
-.6
2.8
-1.4
4.3
4.5
4.1
8.5
3.8
4.6
4.7
4.8
8.5
3.7
4.7
4.7
4.7
8.9
4.5
4.2
4.4
4.7
7.9
2.6
5.1
5.4
5.5
8.9
3.6
5.0
5.0
4.9
7.9
3.8
4.1
4.1
3.9
8.7
4.3
4.0
4.2
4.3
10.3
5.3
4.9
4.9
5.0
7.2
6.2
3.6
1.2
9.2
6.9
2.8
-.7
2.1
2.7
3.0
4.5
12.7 -9.2
11.8 -12.7
7.3
5.8
1.5
2.6
3.3
3.9
1.8
2.1
3.2
3.9
4.2
2.4
1.9
1.4
2.1
4.3
-3.0
7.5
3.8
4.2
4.4
3.4
.8
4.1
5.0
3.1
2.4
.8
3.7
3.9
2.2
1.1
1.1
3.0
3.5
-1.1
-1.5
.4
2.3
3.1
9.7
8.4
1.2
2.4
3.4
5.2
3.5
1.6
2.9
3.8
5.1
2.6
2.5
1.9
2.7
2.1
-6.5
9.2
4.4
4.7
6.0
6.9
-.8
3.2
4.7
7.7
8.6
-.8
2.1
3.0
5.7
5.2
.4
2.3
3.1
-3.6
-3.0
-.8
2.4
3.4
4.9
-.1
5.0
4.5
5.2
3.4
-1.7
5.1
4.3
4.7
6.1
1.6
4.3
4.2
5.5
1.4
-5.1
6.8
3.9
4.5
6.3
-1.0
7.7
4.8
5.3
-6.2
-9.5
3.7
4.6
4.2
11.1
8.0
3.0
4.5
3.9
2.5
1.3
1.0
3.6
3.1
11.7
11.5
.1
1.6
2.2
5.9
5.2
.8
2.3
3.3
4.8
2.9
1.7
1.0
1.0
2.3
-6.9
10.3
4.6
4.8
6.0
9.6
-3.3
2.6
4.4
13.6
14.8
-1.3
1.1
2.2
3.6
4.6
-.8
1.4
2.6
-6.0
-4.3
-1.7
2.0
3.7
2.7
-.4
3.0
3.1
3.1
1.2
-2.7
4.0
4.0
4.0
1.9
1.9
.3
.3
.3
9.2
6.3
2.7
2.7
2.6
.7 -6.1
-5.0 -12.3
5.8
7.1
5.9
7.3
5.8
7.2
-5.0
-9.2
4.6
4.7
4.6
4.7
2.6
1.9
2.0
2.0
Exports of goods and services:
Current dollars l
1982 dollars l
Implicit price deflator
Chain price index
Fixed-weighted price index
22.1
17.6
3.8
4.9
5.3
14.0
10.8
2.9
2.6
3.0
19.5
9.7
8.9
9.0
9.9
17.5
15.5
1.5
2.0
2.4
19.1
14.0
4.6
1.5
1.6
14.2
13.1
1.1
2.3
2.5
1.5
3.9
-2.2
-.9
-.4
5.7
4.9 '
.8
1.9
1.7
Imports of goods and services:
Current dollars '
1982 dollars >
.. .
Implicit price deflator
Chain price index
Fixed-weighted price index
10.7
6.8
3.7
5.3
5.0
8.7
6.4
2.1
3.7
4.1
10.6
10.2
.4
.5
.3
18.9
12.6
5.2
5.0
4.2
5.7
-4
6.3
7.2
8.6
10.7
9.3
1.1
4.4
5.7
-1.8
7.4
-8.4
-3.6
-4.4
10.8 :.
7.5
3.1
4.0
5.1
,
Nonresidential:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Structures:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Producers' durable equipment:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Residential:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
.
1. Percent changes for 1986 and the first quarter of 1986 reflect discontinuities in the series.
NOTE.—The fixed-weighted price index and the chain price index, both of which are weighted averages of
the detailed prices used in the deflation of GNP, are measures of price change. In calculating changes in
these indexes, the composition of GNP is held constant. Consequently these changes reflect only changes in
prices. The fixed-weighted price index measures price change over any period, using as weights the
composition of GNP in 1982. The chain price index measures price change between two consecutive periods,
III
IV
I
n
m
IV
4.6
.4
4.1
3.7
4.6
7.0
2.6
4.3
4.3
4.7
-.6
-3.6
3.0
1.9
4.7
23.9
16.7
6.3
3.8
3.5
1.8
-3.3
5.5
8.0
8.0
6.9
5.4
1.3
3.7
3.3
2.2
-2.4
4.8
2.9
2.8
7.8
1.3
6.3
3.8
3.6
-.1
-3.2
3.1
2.3
4.1
6.0
2.5
3.4
3.4
4.2
-9.8
-9.5
-.3
-2.2
4.4
49.5
33.7
12.0
3.1
2.1
-7.1
-9.4
2.4
10.2
10.4
7.2
10.0
-2.3
2.4
1.2
-3.2
-8.4
5.5
1.8
1.2
6.2
-2.9
9.3
2.7
2.2
1.1
-1.4
2.6
2.2
3.6
1.6
-2.0
3.7
3.4
4.0
-2.5
-5.5
3.2
2.1
2.0
6.1 -2.4
4.4 -10.6
1.8
9.0
2.8
9.6
10.4
2.5
3.5
2.2
1.4
1.8
1.6
8.9
6.9
1.7
1.4
.3
-5.6
-8.0
2.7
2.9
2.4
-4.0
-9.4
5.9
2.4
5.4
21.6
20.2
1.3
3.7
4.9
-33.6 383.9 -19.2
18.3 -32.5
37.4 -43.9
-24.3 231.3 -5.7
20.9
45.9 -14.4 -14.1
-12.3
4.2 11.8
4.1
2.8
-16.7
1.2 10.4
.4
3.4
10.6
52.2
16.7
29.7
2.2
1.7
7.9
3.2
4.5
4.7
4.9
7.6
2.7
4.8
4.9
5.0
5.6
.9
4.8
4.7
4.8
9.7
5.7
3.8
4.2
4.4
8.2
1.5
6.6
6.6
6.4
6.8
2.2
4.6
4.6
4.7
5.9
2.2
3.6
3.6
3.9
8.8
4.3
4.2
4.5
4.6
3.3
3.8
4.2
2.4
4.3
4.6
3.4
3.5
4.3
2.5
4.5
4.5
1.8
5.2
5.5
2.1
5.1
5.4
3.5
2.4
2.5
.9
4.0
4.1
4.3
3.7
4.2
3.0
4.2
4.5
1.6
4.3
5.2
4.7
4.1
4.3
3.1
4.6
4.8
3.1
4.9
5.0
2.7
2.8
2.9
-.5
3.8
3.8
3.2
3.8
4.2
2.5
4.3
4.6
1.8
3.4
4.3
4.5
4.4
4.5
1.2
5.3
5.5
2.7
5.1
5.3
3.3
2.4
2.5
-.1
4.0
4.1
Command-basis gross national product:
1982 dollars
Implicit price deflator
4.5
3.3
3.1
4.0
4.3
3.0
2.2
5.0
3.5
4.3
2.5
4.6
4.0
1.9
.2
4.2
Gross domestic product:
1982 dollars
Implicit price deflator
4.4
3.3
3.0
4.1
3.1
4.0
2.5
4.7
3.8
4.0
2.9
4.6
2.8
3.2
.4
3.8
4.6
3.1
3.0
3.9
3.0
4.5
2.5
4.8
3.9
3.3
2.8
4.3
2.8
2.9
.1
3.6
5.2
2.8
3.2
3.9
4.4
3.4
4.6
5.8
2.4
3.0
2.8
4.3
3.6
3.3
0
4.2
8.5
4.4
8.7
4.1
9.1
4.9
8.9
4.3
11.9
6.6
6.5
.8
6.5
4.4
7.5
2.6
Federal:
Current dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
National defense:
Current dollars
1982 dollars
Implicit price deflator
Fixed-weighted price index
Nondefense:
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
State and local:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
....
Addenda:
Gross domestic purchases:
1982 dollars
P .
. '. '
,
Fixed investment:
Current dollars
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Government purchases of goods and services:
Current dollars
„
1982 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index.
1989
1988
1989
1
t
Final sales:
1982 dollars
„. . " . .
; .""'
Final sales to domestic purchasers:
1982 dollars
Chain price index
Business:
1982 dollars
Implicit price deflator
Nonfarm:
1982 dollars
Implicit price deflator
Disposable personal income:
Current dollars
1982 dollars
using as weights the composition of GNP in the first period. The implicit price deflator is a byproduct of the
deflation of GNP. It is derived as the ratio of current- to constant-dollar GNP (multiplied by 100). It it the
average of the detailed prices used in the deflation of GNP, but the prices are weighted by the composition
of GNP in each period. Consequently, the implicit price deflator reflects not only changes in prices but also
changes in the composition of GNP, and its use as a measure of price change should be avoided.
24
SURVEY OF CURRENT BUSINESS
January 1990
Composite Indexes of Leading, Coincident, and Lagging Indicators
Recent Data and Percent Changes
1989
Index
Jan.
Mar.
Feb.
June
May
Apr.
1989
July
Sept.
Aug.
Oct.
Nov.
Dec."
I
II
HI
IV
Index (1982=100)
Leading index
146.0
145.6
144.7
145.8
144.2
144.0
144.1
144.8
145.0
144.5
144.6
145.7
145.4
144.7
144.6
144.9
Coincident index . ..
131.8
132.0
132.0
132.8
132.5
132.8
132.6
133.9
133.5
'133.1
133.7
134.2
131.9
132.7
133.3
133.7
118.1
119.3
120.1
119.3
120.3
120.5
'120.1
120.1
119.9
120.2
120.2
120.9
119.2
120.0
120.0
120.4
Lagging index ...
. . .
.
Percent change from preceding month (quarter)
Leading index
.6
-.3
-.6
.8
Coincident index
.5
.2
0
.6
1.1
1.0
.7
-.7
Lagging index
. ..
-.1
.1
.5
.1
-.3
.1
.8
.7
-.5
-.1
.2
-.2
.2
-•2
1.0
-.3
'-.3
'.5
.4
1.0
.6
.5
.3
.8
.2
'-.3
'O
-.2
.3
'O
.6
2.7
.7
0
.3
-1.1
f
Preliminary.
' Revised.
NOTE.—Quarterly data are averages of monthly figures. Quarterly percent changes are computed from quarterly data.
Long-Term Perspective: January 1970 to December 1989
1982 = 100 (Ratio scale)
1982=100 (Ratio scale)
TTT
1
160
80 "71
72
73
74
75
76
77
78
79
Note.—Peak (P) indicates the end of business cycle expansion and the beginning of recession
(shaded area). Trough (T) indicates the end of business cycle recession and the beginning of
expansion. Business cycle peaks and troughs are designated by the National Bureau of Economic
U.S. Department of Commerce, Bureau of Economic Analysis
80
81
82
83
84
85
86
87
88
89
90
Research, Inc. The numbers entered on the chart indicate the length of leads '(—) and lags (+) in
months from the business cycle turning dates.
REGIONAL PERSPECTIVES
Total Personal Income
Growth in Recent Quarters
to the third quarter of 1989 (table 1).
Farm income rebounded from low levels during the drought of 1988, and
manufacturing payrolls were strong.
In the Far West, above-average
growth in total personal income (9.1
percent) reflected strength in payrolls
in manufacturing, private service-type
industries, and construction. Manufacturing payrolls in Washington ben-
efited from gains in aircraft production. Construction payrolls grew faster
in Nevada than in any other State except Hawaii.
marked strengthening in manufacturing and mining payrolls in the
Other regions with below-average
Rocky Mountain region led to an acgrowth
celeration in the growth of the region's total personal income that beIn the Great Lakes region, total pergan in the second quarter of 1988.
sonal income grew 8.1 percent, 0.4
The strengthening in manufacturing
in part reflected growth in the proTable 1.—Percent Change in Total Personal Income and Selected Components, United States and BEA
duction of transportation equipment.
Regions, 1988:111-1989:111
In the mining industry, metal production surged. From the third quarter
Wages and salaries (payrolls)
Total
Nonfarm
of 1988 to the third quarter of 1989,
personal
Durables
Nondur.
personal
Private
income
manufactur- manufactur- Construction
income
personal income growth in the Rocky
Mining
service-type
ing
ing
Mountain region (8.7 percent) topped
the U.S. average growth (8.5 percent) Plains
i
9.2
5.2
7.9
9.0
6.3
12.7
8.5
West
9.4
8.4
9.1
6.7
14.5
9.2
15.5
for the first time since late 1983 (chart Far
Rocky Mountain
8.7
11.4
8.8
11.4
13.9
8.9
9.3
5). In the mid-1980's, weak growth United States . .
8.5
4.8
8.5
6.5
7.6
8.8
6.9
in commodity-producing industries had
8.4
Mideast
2.9
8.5
6.0
8.2
-5.4
8.7
dampened growth.
Southeast
8.3
5.1
8.6
6.9
3.8
4.7
8.9
8.2
New England
4.1
4.7
8.3
-8.2
-1.1
8.6
In contrast with the accelerating Southwest
8.2
4.0
8.3
2.8
5.1
8.4
7.5
8.1
7.6
4.9
9.9
3.9
2.0
8.5
growth in the Rocky Mountain region, Great Lakes
growth in New England has been decelerating since early 1988. The deceleration reflects slowdowns in the
CHART 5
growth of payrolls in construction and
private service-type industries, espe- Percent Change in Total Personal Income
cially business, financial, and profes- Percent change from quarter one year ago
sional services. Over the last year, 121
personal income growth in New England (8.2 percent) was below the U.S.
average, after having been above av- 10
erage for most of the 1980's. Earlier in the 1980's, a surge in economic activity stemming from the national defense buildup and strength in
high-technology industries had boosted
growth.
Other regions with above-average
growth
In the Plains region, total personal
income grew 9.2 percent, 0.7 percentage point above the U.S. average of 8.5
percent, from the third quarter of 1988
6 -
4 -
NOTE.—This article was written by Rudolph E.
DePass and Howard L. Friedenberg.
U.S.
I
_L
1983
1984
1985
I
1986
I
{
1987
1988
j
1989
Department of Commerce, Bureau of Economic Analysis
25
26
percentage point below the U.S. average, from the third quarter of 1988
to the third quarter of 1989. In the
Mideast region, personal income grew
8.4 percent. In both regions, weakness
in durables and nondurables manufacturing payrolls dampened personal income growth. Weakness in motor vehicles production in Michigan adversely
affected durables payrolls in the Great
Lakes region.
SURVEY OF CURRENT BUSINESS
In the Southwest, slow growth in
payrolls in most major industries contributed to below-average personal income growth (8.2 percent). Growth
in payrolls in private service-type industries was slower than in any other
region.
In the Southeast, a substantial decline in rental income of persons led
to below-average growth in personal
income (8.3 percent). The decline
January 1990
in rental income reflected damage to
structures caused by Hurricane Hugo
in the third quarter of 1989. South
Carolina—where most of the damage
occurred—was the only State with a
decline in personal income over the
past year. If the effects of the damage
caused by the hurricane were excluded,
personal income would have increased
9.4 percent in South Carolina and 8.9
percent in the Southeast.
January 1990
27
SURVEY OF CURRENT BUSINESS
State Personal Income: Summary Estimates, 1989:III
Table 1.—Total Personal Income, States and Regions
[Millions of dollars, seasonally adjusted at annual rates]
1989:111989:111
1988:1111989:111
3,448,615 3,507,102 3,533,294 3,587,833 3,669,103 3,723,552 3,780,493 3^91,151 3,926,738 4,0054)52 4,085,272 4,194,006 4,260,250 4,352,603 4,433,078
I
United States l
Percent change
1989
1988
1987
1986
State and region
n
ra
IV
I
II
in
n
I
IV
HI
IV
i-
II'
III'
1.8
8.5
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
212,164
60,494
14,519
99,728
16,552
13,899
6,972
216,288
61,716
14,873
101,563
16,922
14,148
7,067
219,954
62,575
15,179
103,512
17,159
14,346
7,183
225,885
64,438
15,573
106,277
17,608
14,636
7,354
229,966
65,628
15,930
107,776
18,185
14,940
7,506
235,570
67,334
16,363
110,223
18,713
15,239
7,699
242,048
69,034
16,784
113,352
19,354
15,636
7,887
249,500
71,103
17,304
116,755
20,152
16,057
8,130
252,937
72,063
17,553
118,585
20,329
16,203
8,203
257,926
73,125
17,962
121,009
20,791
16,627
8,412
264,104
75,017
18,426
123,686
21,318
16,967
8,690
272,001
78,006
18,885
127,091
21,924
17,279
8,815
274,370
77,535
19,622
128,131
22,218
17,695
9,168
279,259
79,333
19,864
130,209
22,572
17,963
9,317
285,733
81,454
20,180
133,385
23,020
18,293
9,402
2.3
2.7
1.6
2.4
2.0
1.8
.9
8.2
8.6
9.5
7.8
8.0
7.8
8.2
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
691,471
9,460
11,266
73,589
139,026
291,604
166,527
701,794
9,644
11,347
75,025
141,724
295,395
168,660
712,849
9,780
11,455
76,122
144,538
299,984
170,971
724,125
9,989
11,616
77,934
146,806
304,948
172,832
738,722
10,153
11,804
79,598
150,383
310,627
176,155
754,035
10,422
12,012
81,694
153,467
316,740
179,701
768,107
10,681
12,196
83,231
157,189
322,055
182,756
788,915
11,000
12,537
86,007
161,402
330,633
187,337
800,556
11,191
12,736
87,114
164,180
335,844
189,490
812,540
11,466
13,057
88,779
166,651
340,531
192,056
832,520
11,880
13,346
91,275
171,360
347,567
197,091
855,560
12,099
13,638
93,116
177,048
359,021
200,639
861,633
12,560
13,843
94,648
177,539
357,615
205,428
882,895
12,786
14,206
97,514
182,279
367,512
208,599
902,858
13,002
14,392
99,666
186,505
376,622
212,671
2.3
1.7
1.3
2.2
2.3
2.5
2.0
8.4
9,4
7.8
9.2
8.8
8.4
7.9
Great Lakes
Illinois
Indiana
Michigan
Wisconsin
590,160
173,852
70,995
133,645
146,645
65,024
603,259
179,802
72,863
135,740
148,385
66,470
604,347
179,065
72,413
136,482
149,581
66,806
611,973
181,286
73,575
138,168
151,223
67,721
625,527
185,747
75,675
140,488
154,647
68,970
629,951
187,056
76,127
141,741
155,582
69,446
639,781
189,894
77,226
143,644
158,276
70,741
659,295
196,959
80,347
146,936
162,047
73,005
666,833
199,798
81,608
148,511
163,644
73,272
675,537
201,584
82,166
150,237
167,084
74,466
689,574
204,893
83,709
154,704
170,418
75,849
703,942
210,186
84,216
158,285
173,393
77,862
720,309
214,292
89,328
159,991
176,698
80,000
733,019
218,348
90,154
163,461
180,013
81,043
745,333
222,360
91,689
165,919
183,448
81,917
1.7
1.8
1.7
1.5
1.9
1.1
8.1
8.5
9.5
7.2
7.6
8.0
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
236,511
36,190
34,301
60,802
69,320
20,468
7,668
7,762
250,416
39,609
35,740
63,610
70,278
23,340
8,972
8,867
243,598
37,648
35,568
62,745
70,723
20,987
7,815
8,112
249,095
37,512
36,793
63,961
71,650
21,560
9,073
8,546
255,833
39,797
36,771
65,865
73,379
22,340
8,928
8,754
253,760
38,094
37,089
65,649
73,872
21,783
8,605
8,667
254,089
37,750
36,894
66,627
74,723
21,473
8,125
8,496
270,583
42,760
38,608
69,911
76,908
24,304
8,784
9,309
269,728
42,082
38,256
70,652
77,204
23,281
9,005
9,248
273,566
41,548
39,434
71,385
78,983
24,214
8,839
9,162
271,387
41,111
38,965
71,754
79,912
23,017
7,909
8,719
279,085
41,465
40,625
73,434
81,660
24,166
8,486
9,248
289,511
45,251
40,628
75,934
83,374
24,969
9,428
9,927
294,744
45,590
41,631
78,101
85,147
25,036
9,295
9,945
296,471
45,273
41,874
79,154
86,317
24,722
9,245
9,887
.6
-.7
.6
1.3
1.4
-1.3
-.5
-.6
9.2
10.1
7.5
10.3
8.0
7.4
16.9
13.4
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
715,327
45,384
25,982
167,079
80,429
41,372
51,422
25,304
76,795
37,593
56,464
87,365
20,140
722,815
45,633
25,785
169,710
81,571
41,788
50,705
25,299
78,181
38,023
57,307
88,732
20,079
732,221
46,202
26,036
172,262
83,033
42,118
50,479
25,390
79,399
38,505
58,397
90,156
20,243
743,076
46,776
26,338
175,398
84,609
42,542
50,026
25,551
80,769
39,203
59,310
92,199
20,355
762,884
47,834
27,204
180,743
86,746
43,358
50,926
26,809
82,901
40,076
61,186
94,569
20,531
775,586
48,504
27,066
185,031
88,456
44,102
50,655
26,727
84,624
40,861
62,154
96,630
20,776
789^03
49,419
27,174
188,961
90,460
44,950
51,087
26,999
86,226
41,635
63,301
98,679
20,913
811,900
50,902
27,655
195,168
92,720
46,242
52,036
27,593
88,575
42,914
65,370
101,353
21,371
818,021
50,618
28,033
195,954
93,507
46,511
52,522
28,121
89,687
43,252
65,586
102,619
21,611
840,096
52,304
29,601
201,771
95,781
47,354
53,936
29,133
91,628
44,474
67,182
105,044
21,887
857,667
53,257
29,468
207,637
97,889
48,283
54,491
29,302
93,922
45,304
68,592
107,424
22,098
878,441
54,700
29,950
213,793
99,939
48,986
55,766
29,938
96,052
46,389
70,276
110,176
22,477
899,026
55,355
31,958
217,356
101,530
50,811
56,452
31,285
98,980
47,889
71,330
112,820
23,260
917,562
56,833
31,765
223,244
104,152
51,449
57,706
31,677
100,496
48,457
73,085
115,451
23,247
928,954
57,439
31,495
229,002
106,014
52,007
58,468
31,902
101,931
44,883
74,256
118,138
23,420
1.2
1.1.
-.9
2.6
1.8
1.1
1.3
.7
1.4
-7.4
1.6
2.3
.7
8.3
7.9
6.9
10.3
8.3
7.7
7.3
8.9
8.5
-.9
8.3
10.0
6.0
328,586
43,767
16,742
40,899
227,177
327,369
44,335
16,841
40,815
225,379
326,168
44,951
16,910
40,094
224,213
326,800
46,012
17,065
40,582
223,141
334,466
47,154
17,312
40,891
229,110
336,458
48,253
17,662
40,739
229,805
340,573
48,879
17,854
41,121
232,719
347,795
50,512
18,297
41,598
237,389
348,116
50,432
18,231
42,112
237,341
357^15
51,600
18,763
42,791
244,161
361,751
52,848
18,852
43,374
246,676
372,359
54,051
19,412
44,490
254,406
376,009
54,807
19,583
44,884
256,736
384,268
55,921
20,133
45,579
262,635
391,342
57,311
20,495
46,330
267,205
1.8
2.5
1.8
1.6
1.7
8.2
8.4
8.7
6.8
8.3
94,140
49,002
10,887
9,216
18,256
6,779
95,233
49,463
11,113
9,763
18,327
6,567
94,802
49,482
11,292
9,339
18,399
6,290
96,040
49,739
11,505
10,035
18,580
6,182
97,170
50,525
11,572
10,052
18,854
6,166
98,697
51,335
11,765
9,956
19,317
6,324
99,117
51,682
11,862
9,879
19,421
6,273
101,172
53,011
11,972
9,935
19,871
6,383
101,270
52,781
12,187
10,101
19,828
6,373
103,875
54,066
12,561
10,265
20,389
6,594
104,664
54,519
12,801
10,074
20,752
6,519
108,305
56,040
13,242
10,969
21,449
6,604
108,877
56,562
13,448
10,679
21,495
6,693
111,631
57,825
13,764
10,947
22,270
6,826
113,772
58,938
13,962
11,055
22,944
6,873
1.9
1.9
1.4
1.0
3.0
.7
8.7
8.1
9.1
9.7
10.6
5.4
555,189
441,696
14,501
34,698
64,293
564,662
449,100
14,770
35,301
65,491
573,829
456,633
15,062
35,723
66,411
584,990
464,467
15,388
36,277
68,858
598,671
476,932
15,855
36,832
69,052
613,175
489,054
16,224
37,530
70,367
620,289
494,212
16,653
38,140
71,283
634,762
505,365
17,109
38,972
73,316
641,810
510,343
17,538
39,679
74,250
657,003
522,344
18,095
40,716
75,848
674,994
537,722
18,747
41,473
77,052
694,867
553,456
19,465
42,851
79,095
700,650
556,082
19,880
43,284
81,404
717,898
569,261
20,562
44,611
83,464
736,404
584,133
21,234
45,435
85,601
2.6
2.6
3.3
1.8
2.6
9.1
8.6
13.3
9.6
11.1
9,863
15,204
9,829
15,436
9,781
15,744
9,800
16,047
9,551
16,313
9,703
16,618
9,686
17,001
9,779
17,450
9,750
17,718
10,013
18,081
10,059
18,551
10,202
19,245
10,463
19,402
11,238
20,089
11,603
20,609
3.2
2.6
15.3
11.1
257,926
699,238
675,537
273,566
673,887
195,974
370,489
192,333
667,002
264,104
716,018
689,574
271,387
690,776
199,434
374,010
195,111
684,857
272,001
736,707
703,942
279,085
707,679
203,900
384,612
201,232
704,849
274,370
740,582
720,309
289,511
722,886
208,781
390,030
203,146
710,634
279,259
758,390
733,019
294,744
739,553
213,044
397,685
208,247
728,663
285,733
775,797
745,333
296,471
750,448
215,604
403,498
212,812
747,381
2.3
2.3
1.7
.6
1.5
1.2
1.5
2.2
2.6
.
Southwest
Arizona
New Mexico
Oklahoma
Texas
,
Rocky Mountain
Colorado
Idaho . .
Montana
Utah . .
Wyoming
Far West
California
Nevada
Oregon
Washington
,
. . .
...
Alaska
Hawaii
Census Regions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
212,164
597,157
590,160
236,511
563,715
168,524
345,480
169,150
565,755
216,288
605,779
603,259
250,416
572,312
170,028
342,684
171,178
575,158
219,954
615,493
604,347
243,598
580,954
172,107
340,823
171,725
584,293
225,885
624,587
611,973
249,095
592,072
174,179
340,087
174,505
595,450
229,966
637,166
625,527
255,833
607,122
179,187
348,131
177,490
608,681
235,570
649,907
629,951
253,760
620,505
181,487
348,265
180,835
623,271
242,048
662,000
639,781
254,089
632,981
184,668
352,101
182,504
630,322
" Revised.
Preliminary.
1. The personal income level shown for the United States is derived as the sum of the State estimates and,
by definition, differs from that in the national income and product accounts because it omits the earnings of
Federal civilian and military personnel stationed abroad arid of U.S. residents employed temporarily abroad by
private U.S. firms. The State and national levels can also differ, mainly in the more current quarters, because
of different data sources and revision schedules primarily for estimates of wages and salaries and of farm
p
249,500
679,372
659,295
270,583
651,645
190,108
358,678
187,089
644,882
252,937
689,514
666,833
269,728
657,671
190,837
360,008
187,471
651,740
8.2
8.3
8.1
9.2
8.6
8.1
7.9
9.1
9.1
proprietors' income. These differences were discussed in "Regional Perspectives" in the October 1989 SURVEY
OF CURRENT BUSINESS. Table 1 of that article showed the differences in recent quarters; on the basis of revised
data, the differences for the first and second quarters of 1989 are $57.5 billion and $47.7 billion, respectively.
The difference for the third quarter of 1989 is $22.8 billion.
NOTE.—The quarterly estimates of State personal income were prepared by Isabelle B. Whiston, James P.
Stehle, and Francis G. McFaul, under the supervision of Robert L. Brown.
28
SURVEY OF CURRENT BUSINESS
January 1990
Table 2.—Nonfarm Personal Income, States and Regions
[Millions of dollars, seasonally adjusted at annual rates]
Percent change
1989
1988
1987
1986
State and region
1989:111989:111
1988:1111989:111
3,413,781 3,450305 3,493,553 3,542,665 3,615,576 3,678,583 3,744,045 3,836,780 3,878,142 3,954,996 4,045,673 4,150,812 4,193^64 4^93,567 4,389,160
'
II
III
IV
•
in
II
•
IV
II
HI
rv
I'
n'
III''
2.2
8.5
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
211,538
60,342
14,447
99,495
16,517
13,855
6,881
215396
61,548
14,795
101,308
16,883
14,097
6,965
219,182
62,393
15,086
103,243
17,115
14,294
7,050
225,116
64,255
15,483
105,998
17,563
14,583
7,234
229,266
65,461
15,786
107,614
18,127
14,899
7,378
234,827
67,156
16,217
110,052
18,650
15,195
7,557
241331
68,866
16,641
113,192
19,288
15,594
7,749
248,799
70,934
17,162
116,598
20,091
16,015
8,000
252308
71,916
17,438
118,420
20,275
16,166
8,094
257,232
72,958
17,841
120,828
20,729
16,583
8,292
263,244
74,814
18,265
123,466
21,241
16,912
8,546
271,179
77,811
18,726
126,886
21,852
17,227
8,677
273,464
77,315
19,458
127,885
22,144
17,642
9,021
278,440
79,140
19,705
129,999
22,502
17,913
9,180
284,974
81,284
20,025
133,198
22,952
18,249
9,267
2.3
2.7
1.6
2.5
2.0
1.9
.9
8.3
8.6
9.6
7.9
8.1
7.9
8.4
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
689,467
9,320
11,266
73,282
138,788
291,075
165,737
699,315
9,461
11,347
74,617
141,446
294,716
167,728
710,229
9,609
11,455
75,754
144,258
299,284
169,869
721,687
9,815
11,616
77,558
146,529
304,276
171,894
736,219 751364
10,017 10,286
12,012
11,804
81,329
79,234
150,064 153,122
309,922 315,980
175,177 178,635
765,687
10,562
12,196
82,912
156,871
321,347
181,799
786,247
10,860
12,537
85,616
161,070
329,855
186,309
798,276
11,040
12,736
86,776
163,890
335,177
188,657
810,123
11,287
13,057
88,402
166,330
339,879
191,168
829,782
11,643
13,346
90,847
170,992
346,861
196,092
852,837
11,855
13,638
92,674
176,675
358,317
199,678
858,498
12,303
13,843
94,169
177,120
356,851
204,212
879,869
12,530
14,206
97,050
181,894
366,728
207,461
900,288
12,816
14,392
99,275
186,195
375,919
211,692
2.3
2.3
1.3
2.3
2.4
2.5
2.0
8.5
10.1
7.8
9.3
8.9
8.4
8.0
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin.....
586,608
173,074
70,518
133,194
146,066
63,755
593,258
175,951
71,000
134,777
147,067
64,463
599,661
178,112
71,781
135,817
148,811
65,140
606,907
180,102
72,823
137,529
150,422
66,032
618,926
183,843
74,431
139,744
153,706
67,202
625,278
186,051
75,387
141,186
154,765
67,889
636,631
189,625
76,913
143,143
157,725
69,225
650,172
193,762
79,097
145,776
160,726
70,811
658317
196,813
79,611
147,701
162,414
71,778
669,539
199,683
81,115
149,548
166,125
73,069
686,745
204,741
83,326
154,271
169,812
74,595
702,719
210,467
85,163
157,725
173,114
76,251
709,982
211,031
87,193
158,996
175,302
77,460
724,057
215,811
88,350
162,480
178,644
78,772
738,735
220,613
90,139
165,209
182,409
80,364
2.0
2.2
2.0
1.7
2.1
2.0
7.6
7.8
8.2
7.1
7.4
7.7
Plains
Iowa . .
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
230,675
34,636
33,549
59,587
68,694
19,365
7,529
7,315
232,544
34,861
33,692
60,294
69,184
19,528
7,578
7,407
235,265
35,175
34,023
61,188
70,010
19,719
7,627
7,522
237,951
35,359
34,618
61,880
70,951
19,868
7,680
7,595
242,590
36,085
34,958
63,552
72,399
20,118
7,759
7,721
245333
36,612
35,512
64,201
73,161
20,290
7,793
7,764
248,826
37,041
35,997
65,315
74,120
20,611
7,862
7,880
254,399
38,072
36,717
66,889
75,665
21,054
7,945
8,057
256,958
38,319
36,870
68,032
76,273
21,312
8,020
8,132
262,454
39,200
37,731
69,473
77,990
21,633
8,090
8,337
266,880
40,028
38,185
70,679
79,452
21,951
8,177
8,407
273,014
40,998
39,025
72,735
80,842
22,507
8,292
8,615
275^67
41,338
39,520
72,832
82,140
22,685
8,347
8,705
282,394
42,237
40,388
75,357
83,982
23,085
8,449
8,897
288,003
42,916
41,213
77,138
85,608
23,514
8,588
9,026
2.0
1.6
2.0
2.4
1.9
1.9
1.6
1.5
7.9
7.2
7.9
9.1
7.7
7.1
5.0
7.4
Southeast
Alabama
705,898
44,627
24,578
164,937
79,380
40,754
50,839
24,635
75,609
37,417
56,010
87,018
20,095
713,392
44,934
24,770
167,459
80,434
40,925
50,344
24,747
76,803
37,827
56,844
88,286
20,020
723^87
45,498
25,088
169,995
81,931
41,350
50,221
24,994
78,090
38,345
57,957
89,738
20,180
733,909
46,007
25,381
173,038
83,441
41,752
49,786
25,154
79,357
39,033
58,905
91,752
20,302
750,977
46,928
25,578
178,509
85,501
42,585
50,078
25,660
81,295
39,759
60,518
94,072
20,493
764,780
47,693
25,964
182,593
87,237
43,172
50,302
25,947
83,003
40,548
61,528
96,063
20,731
780,203
48,685
26,302
186,685
89,400
44,028
50,790
26,418
84,744
41,371
62,726
98,181
20,870
801,858
50,152
26,843
192,931
91,562
45,223
51,741
27,043
86,937
42,595
64,725
100,768
21,337
807,495
49,779
27,058
193,795
92,391
45,613
51,919
27,172
88,255
42,937
64,920
102,101
21,555
826,566
51,292
27,613
199,088
94,525
46,358
52,974
27,938
89,936
44,097
66,436
104,486
21,822
844,608
52,084
28,008
204,949
96,463
47,269
53,795
28,393
91,979
44,989
67,849
106,802
22,029
864,600
53,427
28,438
211,315
98,344
48,013
54,891
28,832
94,064
45,972
69,357
109,543
22,405
880,112
53,837
28,931
213,907
99,799
49,394
54,972
29,475
96,783
47,452
70,244
112,131
23,187
901,447 917,655
56,492
55,517
30,158
29,481
220,264 226,317
102,419 104,814
50,249 51,019
56,692
57,869
30,244
30,770
98,399 100,240
48,060 45,429
72,178 73,613
114,773 117,594
23,172
23,339
1.8
1.8
2.3
2.7
2.3
1.5
2.1
1.7
1.9
-5.5
2.0
2.5
.7
8.6
8.5
7.7
10.4
8.7
7.9
7.6
8.4
9.0
1.0
8.5
10.1
6.0
324,031
43,241
16,532
40,160
224,098
322,321
43,827
16,547
39,570
222,377
322^27
44,434
16,647
39,255
221,991
322,433
45,551
16,799
39,161
220,923
327,534
46,470
17,013
39,502
224,550
330,979
47,645
17,319
39,741
226,274
336,130
48,377
17,606
40,261
229,886
343,218
50,000
18,034
40,758
234,426
343,525
49,902
17,972
41,029
234,621
351,083
50,912
18,479
41,821
239,871
357,335
52,317
18,599
42,398
244,022
366,132
53,483
19,068
43,225
250,357
368,896
54,072
19,256
43,681
251,888
378,346
55,341
19,859
44,554
258,591
387,131
56,833
20,273
45,562
264,462
2.3
2.7
2.1
2.3
2.3
8.3
8.6
9.0
7.5
8.4
93,232
48,589
10,571
9,171
18,149
6,753
93,001
48,552
10,610
9,203
18,172
6,465
93,227
48,824
10,686
9,230
18,234
6,253
93,618
49,035
10,730
9,291
18,432
6,130
94,995
49,867
10,917
9,416
18,692
6,102
96316
50,528
11,035
9,468
19,103
6,181
97,285
51,136
11,165
9,528
19,248
6,209
99,326
52,204
11,437
9,682
19,693
6,309
99,572
52,260
11,577
9,777
19,677
6,282
101,709
53,204
11,881
10,009
20,186
6,430
103,145
53,982
12,099
10,091
20,554
6,420
105,654
55,184
12,394
10,379
21,223
6,473
106,942
55,967
12,641
10,441
21,308
6,585
109,634
57,174
12,965
10,720
22,073
6,702
112,238
58,439
13,331
10,923
22,772
6,773
2.4
2.2
2.8
1.9
3.2
1.1
8.8
8.3
10.2
8.2
10.8
5.5
547,566
435,777
14,472
34,079
63,237
555,931
442,699
14,734
34,514
63,983
565,084
450,084
15,030
34,920
65,050
575,527
457,774
15,354
35,313
67,086
589,471
470,194
15,816
35,976
67,486
603,665
482,173
16,173
36,553
68,766
611,546
487,707
16,609
37,297
69,933
625,808
498,561
17,067
38,131
72,049
634,483
505,001
17,499
38,861
73,122
648,469
516,047
18,045
39,798
74,579
665,632
530,850
18,698
40,418
75,666
685,533
546,816
19,411
41,752
77,553
690345
548,561
19,829
42,223
79,932
708,352
562,168
20,514
43,568
82,102
728,206
578,081
21,190
44,523
84,412
2.8
2.8
3.3
2.2
2.8
9.4
8.9
13.3
10.2
11.6
9,850
14,917
9,814
15,132
9,764
15,427
9,785
15,732
9,540
16,059
9,690
16,351
9,666
16,740
9,767
17,186
9,742
17,467
10,004
17,817
10,046
18,257
10,187
18,956
10,453
19,103
11,228
19,800
11,592
20,338
3.2
2.7
15.4
11.4
257,232
697,376
669,539
262,454
666,701
192,024
362,280
189,145
658,245
263,244
713,946
686,745
266,880
683,046
195,595
368,223
192,759
675,236
271,179
734,670
702,719
273,014
699,810
199,628
376,911
197,615
695,266
273,464
738,183
709,982
275,567
713,574
202,950
379,472
200,098
700,272
278,440
756,084
724,057
282,394
730,872
208,188
389,318
205,349
718,867
284,974
773,805
738,735
288,003
744,217
211,894
398,051
210,534
738,946
2.3
2.3
2.0
2.0
1.8
1.8
2.2
2.5
2.8
8.3
8.4
7.6
7.9
9.0
8.3
8.1
9.2
9.4
United States
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
Southwest
Arizona
New Mexico
Oklahoma
Texas
. . .
Rocky Mountain
Colorado
Idaho
Montana
Utah
Wyoming
...
........
Far West
California
Nevada
Oregon
Washington
Alaska
Hawaii
....
Census Regions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
,
211,538
595,599
586,608
230,675
558,323
166,026
339,675
167,476
557,861
215,596
603,890
593,258
232,544
566,253
167,449
337,062
168,109
566,144
219,182
613,411
599,661
235,265
575,096
169,799
336,555
169,338
575,245
225,116
622,698
606,907
237,951
585,911
171,819
335,250
171,322
585,689
229,266
635,163
618,926
242,590
600,684
175,692
339,708
174,293
599,254
234,827
647,736
625,278
245,333
613,802
178,339
342,281
177,453
613,534
241,331
660,018
636,631
248,826
626,921
181,858
347,240
179,877
621,343
248,799
677,233
650,172
254,399
645,144
187,143
353,768
184,426
635,694
252,308
687,724
658,317
256,958
651,586
187,484
354,628
184,945
644,193
' Revised.
' Preliminary.
NOTE.—Nonfarm personal income is total personal income less farm earnings.
Data Availability
Quarterly estimates for the years 1969-85 are available from the
Regional Economic Information System, BE-55, Bureau of Economic
Analysis, U.S. Department of Commerce, Washington, DC 20230; or
call (202) 523-0966.
By DANIEL H. GARNICK
Accounting for Regional Differences in Per Capita
Personal Income Growth: An Update and Extension
I five decades of narrowing, reper capita
CHART 6
tHai^^Sf^
fi
rLSTS 5iSdT»J
p
B*
3
1501 11 lncom(1
a
1 1 the as
CaP" P" "
» P""" 1
« Regions, Selected Yea* 1929-88
1980's. From 1929 to 1979, PCPI in- Perc^ll
creased from 64 to 90 percent of the 13°
national average in the low-income regions (Southeast, Southwest, Plains, 12o
and Rocky Mountain) and declined
from 127 to 107 percent in the highincome regions (Mideast, Far West, no
New England, and Great Lakes). From
1979 to 1988, the low-income regions
slipped back to 88 percent of the na-100
tional average, and the high-income regions rose to 109 percent (chart 6 and
tables 1 and 2).
90
This article updates and extends
the analytical measures that had been
used to account for regional differ- 80
ences in PCPI growth in the SURVEY OF
CURRENT BUSINESS in 1982.1 It explores
the variations over time in factors of 70
production, factor returns, and transfer payments and in the rates of change 60
in income and population. It concludes 140
that the percentage-point shift in the
1980's, although small, was the product of divergent regional changes that 130
were highly significant.
The article first presents an overview
and then analyzes the components of 12°
PCPI change in the three following sections. The first of these sections describes the methodology of decompos- 11°
ing PCPI change into industry mix.
- ^rase
tor
High-Income Regions
United States
Low-income Regions
Mideast
High-Income Regions
NOTE.—Duane Hackmann implemented the 100
methodology and designed and prepared the tables. Bruce Levine prepared special estimates of
the numbers of sole proprietors and general part- 90
ners. Frank de Leeuw advised on the methodology. Wallace Bailey, Richard Beemiller, Frank
de Leeuw, Rudolph DePass, Howard Friedenberg, Kenneth Johnson, Hugh Knox, John Kort, 80
Thomas Lienesch, and Vemon Renshaw—all of
the Bureau of Economic Analysis—and Edward
Denison of the Brookings Institution and Mon- 70
roe Newman of the Appalachian Regional Commission made insightful comments and editorial
contributions.
60
1. Daniel H. Garnick and Howard L. Friedenberg,
"Accounting for Regional Differences in Per Capita Personal Income Growth, 1929-79," SURVEY OP CURRENT
BUSINESS 62 (September 1982): 24-34.
Low-Income Regions
50
1929
1940
1950
U.S. Department of Commerce, Bureau of Economic Analysis
1959
1969
1979
1988
90-1-6
29
30
SURVEY OF CURRENT BUSINESS
January 1990
Table 1.—Per Capita Personal Income, Selected Years 1929-88, for the United States and BEA Regions
differential regional earnings, job ratio, working-age ratio, property income ratio, and transfer payments ratio. The second compares the regional
patterns of these six components in the
1970's and 1980's. The third describes
the methodology of decomposing PCPI
change into components capturing the
"lift" effect of income and the "drag" effect of population, and it reviews the
effects for six timespans in 1929-88.
Percent of U.S. average
Dollars
1929
1940
1950
1959
1969
1979
1988
1950 1959 1969
1979
1988
100
100
100
100
100
100
64
52
68
82
85
67
58
71
81
89
81
70
87
97
99
82
74
88
92
95
85
80
87
93
89
90
85
95
99
96
88
88
87
93
87
4,202 9,684 18,002 127 125
4,298 9,584 18,959 138 133
4,363 10,321 18,138 129 132
4,367 10,325 18,111
4,187 9,375 20,191 "'125' "*128
3,996 9,383 16,239 114 112
114
115
121
120
107
111
112
114
119
118
109
107
110
113
115
115
110
105
107
106
114
114
104
104
109
115
110
110
122
98
692
587
1,498
2,195
3,808
9,033 16,489
Low-income regions
Southeast
Southwest
Plains
Rocky Mountain , .
444
363
468
566
587
394
338
414
475
523
1,207
1,041
1,307
1,453
1,485
1,800
1,633
1,923
2,026
2,091
3,221
3,047
3,312
3,543
3,393
8,167
7,676
8,617
8,924
8,658
877
957
890
731
780
772
864
787
749
655
1,704
1,730
1,810
1,801
1,599
1,659
2,462
2,503
2,617
2,601
2,398
2,356
.....
1940
100
United States .
High-income regions
Mideast
Far West
Far West plus AK and HI *
New England
Great Lakes
1929
14,583
14,462
14,350
15,398
14,363
1. Data for Alaska and Hawaii are not available for years prior to 1950.
Table 2.—Per Capita Personal Income, Selected Years 1929-88, for the United States,
BEA Regions, and States
Dollars
1929
United States
1940
1950
1959
Percent of U.S. average
1969
1979
1988
1929
1940 1950
1959 1969
1979
1988
692
587
1,498
2,195
3,808
9,033 16,489
100
100
100
100
100
100
100
864
1,014
596
898
679
866
627
749
907
521
772
573
740
509
1,599
1,868
1,190
1,639
1,341
1,539
1,163
2,398
2,815
1,834
2,413
2,118
2,166
1,815
4,187 9,375 20,191
4,795 10,721 23,059
3,129 7,354 15,106
4,234 9,445 20,816
3,733 8,716 19,434
3,805 8,445 16,892
3,367 7,786 15,302
125
147
86
130
98
125
91
128
155
89
132
98
126
87
107
125
79
109
90
103
78
109
128
84
110
96
99
83
110
126
82
111
98
100
88
104
119
81
105
96
93
86
122
140
92
126
118
102
93
957
1,024
1,248
756
908
1,140
765
780
1,015
1,152
698
809
859
644
1,730
2,033
2,170
1,611
1,786
1,834
1,540
2,503
2,705
2,778
2,292
2,641
2,663
2,222
4,298 9,584 18,959
4,379 9,187 17,661
4,526 11,337 21,389
4,152 9,663 19,487
4,495 10,273 21,994
4,574 9,623 19,305
3,784 8,995 16,233
138
148
180
109
131
165
111
133
173
196
119
138
146
110
115
136
145
108
119
122
103
114
123
127
104
120
121
101
113
115
119
109
118
120
99
106
102
126
107
114
107
100
115
107
130
118
133
117
98
Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin
787
938
602
781
763
667
655
741
545
672
650
540
1,659
1,819
1,520
1,694
1,596
1,493
2,356
2,627
2,123
2,303
2,293
2,200
3,996 9,383 16,239
4,336 10,089 17,575
3,679 8,690 14,924
4,055 9,575 16,552
3,879 8,958 15,536
3,672 9,072 15,524
114
136
87
113
110
96
112
126
93
115
111
92
111
121
101
113
107
100
107
120
97
105
104
100
105
114
97
106
102
96
104
112
96
106
99
100
98
107
91
100
94
94
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
566
574
525
593
616
588
378
421
475
494
418
518
513
435
351
358
1,453
1,530
1,463
1,430
1,420
1,556
1,367
1,286
2,026
2,012
2,104
2,046
2,108
2,017
1,672
1,555
3,543
3,595
3,518
3,731
3,529
3,543
2,993
2,948
8,924
9,091
9,285
9,226
8,619
8,854
8,378
8,062
15,398
14,662
15,759
16,674
15,452
14,774
12,833
12,755
82
83
76
86
89
85
55
61
81
84
71
88
87
74
60
61
97
102
98
95
95
104
91
86
92
92
96
93
96
92
76
71
93
94
92
98,
93
93
79
77
99
101
103
102
95
98
93
89
93
89
96
101
94
90
78
77
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
363
320
306
511
342
389
408
282
328
268
374
428
456
338
278
256
513
332
316
357
212
320
304
336
459
403
1,041
910
853
1,293
1,063
988
1,112
774
1,074
925
1,025
1,242
1,055
1,633
1,510
1,407
1,997
1,648
1,590
1,680
1,238
1,570
1,381
1,587
1,866
1,595
3,047
2,725
2,600
3,601
3,148
2,926
2,874
2,368
3,005
2,780
2,935
3,521
2,764
7,676
7,064
6,946
8,718
7,610
7,386
7,668
6,440
7,297
6,889
7,392
8,713
7,222
14,462
12,851
12,219
16,603
15,260
12,822
12,292
11,116
14,304
12,926
13,873
17,675
11,735
52
46
44
74
49
56
59
41
47
39
54
62
66
58
47
44
87
57
54
61
36
54
52
57
78
69
70
61
57
86
71
66
74
52
72
62
68
83
70
74
69
64
91
75
72
77
56
71
63
72
85
73
80
72
68
95
83
77
75
62
79
73
77
92
73
85
78
77
97
84
82
85
71
81
76
82
96
80
88
78
74
101
93
78
75
67
87
78
84
107
71
468
592
406
448
471
414
498
372
368
427
1,307
1,362
1,201
1,142
1,359
1,923
1,962
1,878
1,849
1,940
3,312
3,436
2,888
3,169
3,364
8,617
8,318
7,461
8,370
8,834
14,350
14,970
12,488
13,323
14,586
68
86
59
65
68
71
85
63
63
73
87
91
80
76
91
88
89
86
84
88
87
90
76
83
88
95
92
83
93
98
87
91
76
81
88
587
628
503
587
547
667
523
540
458
563
476
594
1,485
1,512
1,329
1,651
1,332
1,703
2,091
2,250
1,878
2,007
1,944
2,262
3,393 8,658
3,673 9,451
3,197 7,816
3,208 8,146
3,026 7,407
3,525 10,207
14,363
16,463
12,665
12,866
12,193
13,609
85
91
73
85
79
96
89
92
78
96
81
101
99
101
89
110
89
114
95
102
86
91
89
103
89
96
84
84
79
93
96
105
87
90
82
113
87
100
77
78
74
83
890
973
855
662
733
772
828
880
603
649
1,810
1,853
1,971
1,649
1,710
2,617
2,705
2,714
2,229
2,365
4,363 10,321
4,485 10,526
4,475 10,481
3,649 9,176
4,066 9,840
18,138
18,753
17,511
14,885
16,473
129
141
124
96
106
132
141
150
103
111
121
124
132
110
114
119
123
124
102
108
115
118
118
96
107
114
117
116
102
109
110
114
106
90
100
2,301
1,384
2,441
2,116
4,642 12,582 19,079
4,411 9,506 16,753
154
92
111
96
122
116
139
105
116
102
1,801
2,601
4,367 10,325 18,111
120
118
115
114
110
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
Mideast
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
*
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
,
Southwest
Arizona
New Mexico
Oklahoma
Texas
,
Rocky Mountain .
.
Colorado
Idaho
Montana
.
. .
Utah
Wyoming
.
Far West
California
Nevada
Oregon
Washington
. ..
.
.
Alaska '
Hawaii '
Far West plus AK and HI *
.
.!...........
1. Data for Alaska and Hawaii are not available for years prior to 1950.
Overview
In the earlier article, PCPI was decomposed into components, and their
statistical contributions to the narrowing of regional relative differences
were estimated. In 1940—79, more
uniform regional industrial composition of jobs (industry mix) accounted
for about one-half of the narrowing of
regional relative differences in PCPI
growth. Reduced differential regional
earnings (after adjusting for regional
industry mix) accounted for about onetenth, and more uniform regional ratios of jobs to working-age population
(job ratio) accounted for another onetenth. The residual one-fourth was
about equally accounted for by more
uniform regional distributions of personal dividend, interest, and rental income (property income) per capita and
of transfer payments per capita.
CHART 7
Percentage-Point Differences From
National Average Annual Change in
Per Capita Personal Income for Highand Low-Income Regions by Detailed
Component, 1940-79 and 1979-88
Divergence
-.60 -.40 -.20 0
.20
Convergence
.40 .60 1.001.20
Industry Mix
Differential
Regional
Earnings
Job Ratio
Property Income
Ratio
Transfer Payments
Ratio
Per Capita
Income -Total
Note.-Each bar in the chart is the result of subtracting a component
for the high-income regions from the corresponding component for the
low-income regions. Convergence occurs when the result of the subtraction
is positive, and divergence occurs when the result is negative. The
underlying data are in table 6.
U.S. Department of Commerce, Bureau of Economic Analysis
90-1-7
January 1990
In the 1980's, the widening of regional relative differences in PCPI
growth was more than accounted for
by the three components of job-related
income: Differential regional earnings
accounted for about one-half, the job
ratio for about four-tenths, and industry mix for one-eighth of the threecomponent total. More uniform regional distributions of property income
per capita and of transfer payments
per capita partly offset the components
contributing to regional divergence in
the 1980?s (chart 7),
New England and the Mideast more
than accounted for the relative PCPI
SURVEY OP CURRENT BUSINESS
31
gain in high-income regions in the
1980's. In these regions, there were
relative gains in each of the three
components related to job income.
The Southwest, Rocky Mountain, and
Plains regions more than accounted for
the relative PCPI loss in low-income regions. In these regions, there were relative losses in each of the three components (chart 8).
In the last section of this article,
further analysis demonstrates that regional population growth rates in the
1980's reinforced the divergence of regional PCPI growth. In the Southwest
and Rocky Mountain regions, popula-
tion growth rates were 198 percent and
133 percent, respectively, of the national average; in the Mideast and New
England, the rates were only 31 percent and 55 percent, respectively.
It has been an article of some faith
(and some empirical analysis) that
working-age population flows and job
creation move in parallel, reflecting
competitive forces, the only question
being whether working-age population
moves to the locus of jobs or jobs
to the locus of working-age population. In Hicks' theory of wages, regional convergence would result from
(1) inmigration to high-wage areas
CHART 8
Percentage-Point Differences From National Average Annual Change in Per Capita Personal Income for
Selected Regions by Detailed Component 1969-79 and 1979-88
New England
Divergence
+ 2.10+1.80 +.90 +.60 +.30
Mideast
Convergence
0
-.30
-.60
Divergence
+ .90 +.60 +.30
Convergence
0
-.30
-.60
-.90
Industry Mix
Differential Regional
Earnings
Job Ratio
Working-Age Ratio
Property Income
Ratio
Transfer Payments
Ratio
Per Capita Income Total
M 1969-79
D 1979-88
Southwest
Divergence
Convergence
-1.20 - .90 - .60 - .30 0
.30 .60 .90 1.20
Rocky Mountain
Divergence
Convergence
-1.20 - .90 - .60 - .30 0
.30 .60 .90
Divergence
- .90 - .60 - .30
Plains
Convergence
0
.30 .60 .90
Industry Mix
Differential Regional
Earnings
Job Ratio
Working-Age Ratio
Property Income
Ratio
Transfer Payments
Ratio
Per Capita Income Total
Note 1.—For high-income regions, divergence (convergence) occurs; when the average annual change is larger (smaller) than for the Nation. For low-income regions, divergence (convergence) occurs when the average annual
change is smaller (larger) than for the Nation.
Note 2.—In contrast with chart 7, this chart shows an additional component—working-age ratio. The working-age ratio was significant in individual BEA regions but not in the totals for high-income and low-income regions.
U.S. Department of Commerce, Bureau of Economic Analysis
32
SURVEY OF CURRENT BUSINESS
In the earlier article, the 1929-79
period was broken into subperiods, of
which the 1940's and the 1970's were
the only decades in which the reduction in differential regional earnings
contributed to regional PCPI convergence. The direction of migration
was "right" in the 1940's but not in
the 1970's, when, apart from the Far
West, very large working-age population flows were from high- to lowincome regions. (The reduction in
differential regional earnings in the
1970's coincided, to a degree, with regional convergence in relative costs of
living. The rising cost of living in lowincome regions might have been expected to slow inmigration, but it did
not.4)
putting downward pressure on wage
rates and (2) outmigration from lowwage areas depleting the labor reserves and putting upward pressure on
wage rates.2 In a 1960 study, Borts
found that migration flows from low- to
high-wage regions in the United States
had occurred in 1919-53 but that the
flows had not been large enough to result in substantial wage-rate convergence. He concluded that continued
migration in the "right direction" was3
a necessary condition for convergence.
2. J.R. Hicks, The Theory of Wages (London: Macmillan, 1932).
3. G.H. Borts, The Equalization of Returns and Regional Economic Growth," American Economic Review
L (June 1960): 319-47. Whereas Hicks specifically
referred to real wage-rate differentials, Borts utilized
available statistical measures, which were prepared in
nominal terms.
4. In particular, housing costs increased more in the
1970's in the low-income, fast-growing regions than in
January 1990
In the 1980's, population flows continued in the "wrong" direction for
the most part, despite differential regional earnings well above and unemployment rates well below the national average
in New England and the
Mideast.5 (Regional costs of living diverged as well, reflecting sharply divergent relative housing costs.)
The Hicks-Borts proposition regarding the direction of labor force migration and the regional equalization
the high-income, slow-growing regions. Regional costs
of living and wage-rate differentials are not independent because wages account for a large fraction of the
costs of production of housing and services, which are
consumed mainly in the vicinity of their production.
5. Iiitercensal estimates of regional population
growth are subject to substantial revision after decennial population censuses. Any revision after the 1990
census, therefore, would also entail revisions of current estimates of regional labor force and unemployment rates and, of course, net migration rates.
Table 3.—Per Capita Personal Income by Component, Selected Years 1929-88, for the United States and BEA Regions
Percent of U.S. average
Dollars
1940
1929
1950
1959
1969
1979
1988
1929
1940
1950
1959
1969
1979
1988
United States
Per capita personal income..
Wages and salaries
Other labor income
Farm proprietors' income
Nonfarm proprietors' income
Personal dividend, interest, and rental income
Transfer payments
Less' Personal contributions for social insurance
flus' Residence adjustment .
»
..
692
414
4
50
68
144
12
1
0
587
377
5
33
62
91
24
5
0
1,498
965
24
89
166
172
100
19
0
2,195
1,458
60
58
232
278
155
45
-1
3,808
2,544
141
71
321
505
355
129
1
9,033
5,555
546
132
713
1,226
1,222
359
-2
16,489
9,847
931
149
1,172
2,803
2,380
790
-2
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
444
243
2
78
48
64
9
1
0
394
232
3
51
47
48
16
3
0
1,207
690
16
144
149
130
90
14
3
1,800
1,126
43
91
211
227
135
36
3
3,221
2,095
108
111
300
398
310
109
8
8,167
4,934
470
186
709
1,077
1,095
314
11
14,583
8,479
798
224
1,064
2,494
2,164
659
17
64
59
57
156
70
44
73
61
67
62
57
154
76
52
66
59
81
71
67
161
89
75
89
75
82
77
71
157
91
81
87
80
85
82
76
157
93
79
87
85
90
89
86
140
99
88
90
87
88
86
86
150
91
89
91
83
363
202
2
67
36
49
7
1
0
338
210
2
40
38
38
12
3
0
1,041
622
15
100
123
101
87
13
6
1,633
1,043
38
74
184
184
129
32
13
3,047
2,032
103
76
256
356
304
104
26
7,676
4,636
437
111
603
986
1,141
289
42
14,462
8,401
782
184
979
2,438
2,247
637
68
52
49
43
134
53
34
59
54
58
56
46
122
61
42
51
53
70
65
61
112
74
59
87
70
74
72
64
128
79
66
83
72
80
80
73
107
80
70
86
81
85
83
80
92
85
80
93
80
88
85
84
123
84
87
94
81
468
249
3
78
57
74
8
1
0
414
234
3
53
56
56
15
3
0
1,307
769
18
116
183
144
94
15
-1
1,923
1,218
51
79
234
260
127
38
_7
3,312
2,163
116
71
356
416
303
110
-2
8,617
5,327
527
145
856
1,095
1,007
334
-6
14,350
8,487
818
182
1,137
2,401
1,977
642
-11
68
60
68
155
84
51
65
62
71
62
69
158
90
62
64
58
87
80
73
130
110
84
94
78
88
84
85
136
101
94
81
86
87
85
82
100
111
82
85
85
95
96
97
110
120
89
82
93
87
86
88
122
97
86
83
81
566
302
3
102
64
83
13
475
265
3
71
59
60
21
3
0
1,453
753
17
262
174
176
88
15
-2
2,026
1,202
46
143
246
287
151
40
-9
3,543
2,179
116
238
350
474
332
119
-26
8,924
5,194
503
455
785
1,301
1,102
352
-63
15,398
8,755
841
423
1,196
2,841
2,206
756
-108
82
73
70
203
94
58
104
70
81
70
64
213
94
66
88
66
97
78
72
293
104
102
88
78
92
82
77
247
106
103
97
89
93
86
82
335
109
94
93
92
99
94
92
344
110
106
90
98
93
89
90
284
102
101
93
96
523
306
5
64
62
60
29
4
0
1,485
828
18
185
187
111
108
18
0
2,091
1,297
43
97
256
282
159
42
-1
3,393
2,153
98
139
347
455
319
119
2
8,658
5,376
464
120
895
1,160
989
351
5
14,363
8,408
757
211
1,172
2,424
2,039
655
8
85
86
100
143
88
59
98
91
89
81
97
194
99
67
124
80
99
86
75
207
112
103
108
97
95
89
71
168
110
101
102
95
89
85
69
196
108
90
90
92
96
97
85
91
126
95
81
98
87
85
81
141
100
86
86
83
Low-income regions
Per capita personal income
Wages and salaries
Other labor income
Farm proprietors' income
Nonfarm proprietors' income
Personal dividend interest and rental income
Transfer payments
Less' Personal contributions for social insurance . .
Plus' Residence adjustment
Southeast:
Per capita personal income
Wages and salaries
Other labor income
.
Farm proprietors' income
Nonfarm proprietors' income
Personal dividend interest and rental income
Transfer payments
Less' Personal contributions for social insurance
Southwest:
Per capita personal income
.
Wages and salaries
.
Other labor income
Farm proprietors' income
Nonfarm proprietors' income
Personal dividend interest and rental income
Transfer payments
Less' Personal contributions for social insurance
Plus: Residence adjustment
Plains:
Per capita personal income
.
Wages and salaries
Other labor income
Farm proprietors' income
Nonfarm proprietors' income...
Personal dividend interest and rental income .
Transfer payments
..
...
Less: Personal contributions for social insurance
Plus' Residence adjustment
.
.
,
,
0
Rocky Mountain:
Per capita personal income
Wages and salaries
Other labor income ..
Nonfarm proprietors' income.. .
.. ..
Personal dividend, interest, and rental income
Transfer payments
.
. . .
Less' Personal contributions for social insurance
Plus: Residence adjustment
See footnote at end of table.
,
587
355
4
72
60
85
12
0
SURVEY OF CURRENT BUSINESS
January 1990
1970's, particularly developments affecting factor returns in the oil and
gas and related industries. The relatively large contributions of differential regional earnings and of the job
ratio to the high-income regions in
the 1980's may, in turn, be unsustainable and subject to reversal; that
is what the competitive model would
suggest.6 However, the existence of external economies connected with particular locations—suggested by the fact
of factor returns appears to have become less and less descriptive since
mid-century. The agricultural revolution and the subsequent industrial
and geographic reallocation of farm
labor reserves had particular force
in low-income regions in the 1940's,
but progressively diminished thereafter. Technological change in other
industries has, in general, permitted
them to be more footloose and to locate in closer correspondence with the
dominant long-term population migration trends. The resulting greater regional dispersion of industry in recent
decades is reflected in the decreasing
importance of industry mix in explaining regional PCPI change.
The industry-mix contribution in the
1980's reflected, in part, a reversal
of unsustainable developments in the
6. Lynn E. Browne comes to this conclusion in "Shifting Regional Fortunes: The Wheel Turns," New England Economic Review (May/June 1989): 27-40. Ms.
Browne uses conceptually different and statistically
more aggregate measures of "industry mix" and "earnings per job" than the equivalent measures used for this
article. Also, the end year of Ms. Browne's analysis is
1987 rather than 1988. Nonetheless, there is substantial agreement where the methodology overlaps in the
two articles.
33
that New England and Mideast experienced divergent differential regional
earnings in the 1950's and 1960's as
well as in the 1980's—and inertia in
regional population migration patterns
may militate against the smooth working of the competitive model.
Per Capita Personal Income
Components and Their
Contributions
Table 3 shows PCPI by type of payment for 1929,1940,1950,1959,1969,
1979, and 1988.7 Payment types have
1. The choice of the first 3 years is based solely on
data availability, the choice of the next 3 years is based
on national business cycle peaks, and 1988 is the most
recent year for which data are available.
Table 3.—Per Capita Personal Income by Component, Selected Years 1929-88, for the United States and BEA Regions—Continued
Percent of U.S. average
Dollars
1940
1929
1950
1959
1969
1979
1988
1929
1940
1950
1959
1969
1979
1988
High-income regions
877
541
6
29
83
204
15
1
0
731
485
6
20
74
123
30
7
0
1,704
1,159
30
51
179
202
108
22
-2
2,462
780
516
7
10
77
147
31
7
0
1,730
1,211
31
24
171
209
115
24
-7
2,503
Personal dividend, interest, and rental income
Transfer payments
Less' Personal contributions for social insurance
Plus' Residence adjustment
957
579
6
15
91
253
15
2
0
Far West:
Per capita personal income
Wages and salaries
.
Other labor income
Farm proprietors' income
Nonfarm proprietors' income
Personal dividend, interest, and rental income
Transfer payments
Less: Personal contributions for social insurance
Plus: Residence adjustment
890
515
6
50
102
202
16
1
0
111
477
7
36
99
122
40
8
0
1,810
1,120
24
78
254
222
136
25
1
Per capita personal income.
„
Wages and salaries
Other labor income
Farm proprietors' income
Nonfarm proprietors' income
Personal dividend interest and rental income
Transfer payments
Less: Personal contributions for social insurance
Plus' Residence adjustment
Mideast:
Per capita personal income
Wages and salaries
Other labor income
Farm proprietors' income
Far West plus AK and HI: >
Per capita personal income
Wages and salaries
Other labor income
Nonfarm proprietors' income
Personal dividend interest and rental income
Transfer payments
Plus: Residence adjustment
New England:
Per capita personal income
Wages and salaries
Other labor income.
Farm proprietors' income
«
Nonfarm proprietors' income
... .
Personal dividend, interest, and rental income
Transfer payments
Less: Personal contributions for social insurance
Plus' Residence adjustment .
Great Lakes:
Per capita personal income
Wages and salaries
Other labor income
Farm proprietors' income
Nonfarm proprietors' income
Personal dividend, interest, and rental income
Transfer payments
Less' Personal contributions for social insurance
Plus' Residence adjustment
...
...
. .
9,684
6,022
18,002
10,932
164
44
335
578
385
143
-7
604
92
716
1,337
1,318
393
-11
1,036
89
1,257
3,048
2,551
894
-18
4,298
2,935
9,584
5,980
18,959
11,674
162
21
339
615
416
146
-44
583
30
665
1,368
1,458
401
-99
1,043
43
1,288
3,282
2,807
996
182
2,617
1,715
60
57
308
357
181
58
-3
4,363
2,867
10,321
6,234
18,138
10,863
149
57
398
609
439
154
-2
580
136
944
1,481
1,346
402
2
1,019
167
1,441
3,046
2,451
854
5
1,801
1,126
24
76
249
218
134
25
•—1
2,601
1,715
60
56
303
352
178
57
-4
4,367
. 2,889
10,325
6,279
18,111
10,882
148
56
394
605
433
155
-3
579
133
942
1,468
1,337
406
-7
1,019
163
1,444
3,018
2,450
858
-7
4,187
2,721
155
17
310
650
395
132
70
9,375
5,642
20,191
12,258
558
28
666
1,371.
1,324
350
137
1,175
43
1,368
3,493
2,525
944
273
3,996
2,760
9,383
5,980
16,239
9,804
178
68
301
499
317
134
6
656
143
609
1,195
1,157
387
30
1,001
85
1,021
2,696
2,386
807
52
1,746
75
18
236
324
178
54
-20
864
542
5
17
76
211
15
1
0
749
491
5
10
66
152
31
6
0
1,599
1,085
28
23
152
214
110
20
7
2,398
787
506
5
43
71
149
14
655
451
6
29
63
87
25
5
0
1,659
1,141
32
77
161
183
86
20
-1
2,356
0
1. Data for Alaska and Hawaii are not available for years prior to 1950.
4,202
2,846
1,682
72
36
246
313
169
51
-4
1,605
67
16
221
323
181
45
31
1,616
77
49
230
277
152
45
1
127
131
132
58
122
142
120
129
125
129
132
60
118
136
126
131
114
120
124
57
108
117
107
118
112
115
120
61
106
113
109
114
110
112
116
62
104
114
108
110
107
108
111
70
100
109
108
109
109
111
111
60
107
109
107
113
138
140
146
29
133
175
125
172
133
137
150
29
123
162
129
149
115
126
129
26
103
121
115
126
114
120
125
30
102
116
114
120
113
115
115
30
105
122
117
113
106
108
107
23
93
112
119
112
115
119
112
29
110
117
118
126
129
124
145
101
149
140
126
123
132
127
140
108
158
134
168
157
121
116
98
88
152
129
136
131'
119
118
100
99
133
128
116
129
115
113
106
80
124
121
124
119
114
112
106
103
132
121
110
112
110
110
110
112
123
109
103
108
120
117
99
85
149
127
133
131
118
118
99
96
131
126
114
128
115
114
105
79
123
120
122
120
114
113
106
101
132
120
109
113
110
111
109
109
123
108
103
109
125
131
105
33
112
146
118
114
128
130
109
29
106
167
129
120
107
112
118
26
91
124
109
105
109
110
112
27
95
116
116
102
110
107
110
24
96
129
111
102
104
102
102
21
93
112
108
98
122
124
126
29
117
125
106
119
114
122
121
85
105
103
113
87
112
120
116
86
101
96
104
105
111
118
132
86
97
106
86
106
107
111
128
84
99
99
98
102
105
108
126
96
94
99
89
104
104
108
120
108
85
97
95
108
98
100
108
57
87
96
100
102
34
SURVEY OF CURRENT BUSINESS
grown at different rates, nationally
and regionally, over each decade, and
shares of PCPI accounted for by the
payment types have varied, as shown
in table 4. As an example, nationally, the share of property income was
higher in 1988 than in any other year
except 1929, reflecting unusually high
interest rates and growing indebtedness in the 1980's. Regionally, more
uniform distributions of property income in the 1980's partly offset factors
contributing to regional disparities.8
However, the main focus in this study
is not on property income but on income that is related to jobs, because
this kind of income accounts for the
bulk of the change in regional PCPI as
a percent of the national average.
January 1990
changes in regional PCPI as a percent of the national average has been
streamlined and the presentation clarified, compared with that in the 1982
SURVEY article. The formulation is
Per capita income components
The formulation for assessing
detailed component contributions to
Nw
lr
correlation coefficient for the share of population aged
65 and over and the share of property income among
States was 0.490 in 1969, 0.602 in 1979, and 0.604 in
1988—all significant at the 1-percent level. At the same
time, the coefficient of variation for the share of population aged 65 and over for all States has declined over
the three decades. (This decline is explained, in part,
by the higher propensity to migrate for the population
aged 20-40 than for other age groups, including that for
the population aged 65 and over, which has the second
highest propensity to migrate.)
8. Whatever the effect of the rising property income
share on intraregional or intrastate differences in income distribution, interregional and interstate differences in the shares have continuously narrowed over
all the decades under study. In part, this narrowing is
explained by the share of population aged 65 and over
relative to total State population, because property income tends to be a more important income source for
this age group than for others. The simple cross-section
x
TPI
FI
T x rr
where TPI is total personal income, N
is total population, H is hypothetical
earnings, J is the number of jobs, E is
earnings, Nw is the working-age population, and FI is factor income (property income plus earnings).
Table 4.—Percent Distribution of Per Capita Personal Income by Component,
Selected Years 1929-88, for the United States and BEA Regions
1929 1940 1950 1959 1969 1979 1988
United States
1979
High-income regions
Per capita personal income
Wages and salaries
,.
Other labor income
.
Farm proprietors' income.
Nonfarm proprietors' income..
Personal dividend, interest, and rental income
Transfer payments
Less: Personal contributions for social insurance
Plus: Residence adjustment
100.0 100.0 100.0 100.0 100.0 100.0 100.0
59.8 64.2 64.4 66.4 66.8 61.5 59.7
1.6
.8
3.7
2.7
.6
5.6
6.0
6.0
7.2
2.6
5.7
.9
1.5
1.9
8.4
9.9 10.6 11.1 10.6
7.9
7.1
20.9 15.5 11.5 12.7 13.3 13.6 17.0
6.7
4.0
1.8
9.3 13.5 14.4
7.1
3.4
.2
1.3
4.8
4.0
2.0
-.1 0
0
0
0
Low-income regions
Per capita personal income....
Wages and salaries
Other labor income
Farm proprietors' income..
Nonfarm proprietors' income..
Personal dividend, interest, and rental income
Transfer payments
Less: Personal contributions for social insurance..
Plus: Residence adjustment..
,
100.0 100.0
54.8 59.0
.6
.7
17.5 13.0
10.8 12.0
14.4 12.1
4.0
2.0
.2
.7
0
0
100.0 100.0 100.0 100.0
62.5 65.1 60.4 58.1
1.3 2.4
5.8
3.3
5.5
2.3
3.5
5.1
1.5
11.9
12.3
9.3
8.7
7.3
10.8
12.3
17.1
7.4
9.6
14.8
3.4
1.2
4.5
.2
.1
.3
Southeast:
Per capita personal income
Wages and salaries
Other labor income
Farm proprietors' income
Nonfarm proprietors' income
Personal dividend, interest, and rental income
Transfer payments
Less: Personal contributions for social insurance..
Plus: Residence adjustment
100.0 100.0
55.6 62.0
.5
.6
18.5 12.0
9.9 11.2
13.6 11.3
2.0
3.6
.2
.8
0
0
100.0 100.0 100.0 100.0
63.9 66.7 60.4 58.1
3.4
5.4
5.7
2.3
1.6
2.5
4.6
1.3
8.4. 7.8
6.8,
11.3
11.3 11.7
16.9
7.9 10.0
15.5
4.4
3.4
2.0
.8
.5
Southwest:
Per capita personal income,
Wages and salaries
Other labor income
Farm proprietors' income
Nonfarm proprietors' income
Personal dividend, interest, and rental income
Transfer payments
Less: Personal contributions for social insurance
Plus: Residence adjustment,
100.0
53.2
.6
16.6
12.2
15.8
1.7
.1
0
100.0 100.0
63.3 65.3
3.5
2.7
4.1
2.1
12.2 10.7
13.5 12.5
9.2
6.6
3.3
2.0
-.4 -.1
,
.8
12.7
13.6
13.5
3.7
.7
0
1.3
8.9
14.0
11.0
7.2
1.1
-.1
Plains:
Per capita personal income
Wages and salaries
Other labor income
Farm proprietors' income
Nonfarm proprietors' income
Personal dividend, interest, and rental income
Transfer payments
.
Less: Personal contributions for social insurance
Plus: Residence adjustment
100.0 100.0 100.0 100.0 100.0
51.8 59.3 61.5
53.3
1.2
3.3
.5
2.3
18.0
18.0
6.7
7.1
12.0 12.1
11.4
9.9
12.1 14.2 13.4
14.7
9.4
7.4
6.1
2.3
.1
3.4
2.0
1.0
-.2 -5 -.7
0
Rocky Mountain:
Per capita personal income
Wages and salaries
,
Other labor income
.
Farm proprietors' income
Nonfarm proprietors' income
Personal dividend, interest, and rental income.........
Transfer payments
Less: Personal contributions for social insurance ....
Plus: Residence adjustment
100.0
60.4
.7
12.2
10.3
14.5
2.1
.2
0
58.5
.9
12.3
5.6
1. Data for Alaska and Hawaii are not available for years prior to 1950.
1959
1929
6.1
1.7
9.9
12.7
11.7
3.9
-.1
100.0
59.1
5.7
1.3
7.9
16.7
13.8
4.5
-.1
5.6
5.1
8.8
14.6
12.3
3.9
-.7
100.0
56.9
5.5
2.7
7.8
18.5
14.3
4.9
-.7
100.0 100.0 100.0 100.0
62.0 63.5 62.1 58.5
5.4
2.9
2.0
5.3
1.4
4.1
4.7
1.5
12.2 10.2 10.3
8.2
13.5 13.4 13.4
7.6 9.4 11.4
4.0
3.5
2.0
.1
.1
0
Per capita personal income........
Wages and salaries
Other labor income
Farm proprietors' income..
Nonfarm proprietors' income..
Personal dividend, interest, and rental income
Transfer payments
Less: Personal contributions for social insurance..
Plus: Residence adjustment...
100.0
61.7
.7
3.3
9.5
23.3
1.7
.2
0
Mideast:
Per capita personal income
Wages and salaries
Other labor income
Farm proprietors' income
Nonfarm proprietors' income
Personal dividend, interest, and rental income
Transfer payments
Less: Personal contributions for social ini
Plus: Residence adjustment...
100.0
60.5
.7
1.5
9.5
26.4
1.6
.2
0
Far West:
Per capita personal income
Wages and salaries
Other labor income
Farm proprietors' income
Nonfarm proprietors' income...:
Personal dividend, interest, and rental income.......
Transfer payments
Less: Personal contributions for social insurance..
Plus: Residence adjustment
100.0
57.9
.7
5.7
11.4
22.7
1.8
.2
0
Far West plus AK and HI:>
Per capita personal income
Wages and salaries
Other labor income
Farm proprietors' income
Nonfarm proprietors' income
Personal dividend, interest, and rental income
Transfer payments
Less: Personal contributions for social insurance..
Plus: Residence adjustment
New England:
Per capita personal income
Wages and salaries
Other labor income
Farm proprietors' income
Nonfarm proprietors' income
,
Personal dividend, interest, and rental income
Transfer payments
Less: Personal contributions for social insurance..
Plus: Residence adjustment
Great Lakes:
Per capita personal income
Wages and salaries
Other labor income
'•.
,
Farm proprietors' income
Nonfarm proprietors' income
Personal dividend, interest, and rental income
Transfer payments
Less: Personal contributions for social insurance..
Plus: Residence adjustment
66.3
.9
2.7
10.1
16.8
4.1
.9
0
1.8
3.0
10.5
11.9
6.3
1.3
-.1
100.0 100.0
68.3 67.7
2.9
3.9
1.4
1.0
10.0
8.0
12.7 13.7
6.9
9.2
3.4
2.1
-.2 -.2
60.7
5.8
.5
7.0
16.9
100.0 100.0 100.0 100.0
69.7 68.3 62.4 61.6
5.5
6.1
3.0
3.8
.2
.3
.7
.5
9.4
6.8
6.9
7.9
13.0 14.3
17.3
9.7
7.1
2.2
3.4
-1.0
.9
4.6
12.8
15.7
5.2
1.0
0
61.9
1.3
4.3
100.0 100.0
65.5 65.7
2.3
3.4
2.2
1.3
9.1
11.8
13.6 14.0
6.9 10.1
2.2
3.5
-.1 0
5.6
1.3
9.1
14.4
13.0
3.9
0
59.9
5.6
.9
7.9
16.8
13.5
4.7
0
100.0 100.0 100.0 100.0 100.0
62.5 65.9 66.1 60.8 60.1
5.6
5.6
3.4
2.3
1.3
.9
1.3
2.1
1.3
4.2
8.0
9.1
9.0
13.8 11.7
12.1 13.5 13.9 14.2 16.7
6.8
7.4
9.9 13.0 13.5
4.7
3.9
2.2
1.4
3.5
-.1 0
-.1 -.2
100.0
62.8
.5
1.9
8.8
24.4
1.7
.2
0
100.0 100.0 100.0 100.0
66.9 65.0 60.2 60.7
5.8
6.0
2.8
3.7
.2
.3
.4
.7
9.2
6.8
7.4
7.1
17.3
13.5 15.5
12.5
7.6
9.4
4.7
1.9
3.1
1.4
1.3
1.7
100.0 100.0 100.0 100.0 100.0 100.0 100.0
64.3 68.8 68.8 68.6 69.1 63.7 60.4
6.2
7.0
3.3 4.5
1.9
.8
.7
.5
1.5
4.6 2.1
5.4
4.4
1-7
6.3
6.5
7.5
9.7
9.7
9.7
9.1
18.9 13.3 11.0 11.7 12.5 12.7 16.6
6.5
5.2
7.9 12.3 14.7
3.8
1.8
5.0
4.1
3.4
.1
1.2
1.9
•8
.1
.3
.3
-.1
0
0
January 1990
SURVEY OF CURRENT BUSINESS
35
When equation (1) is expressed as
differences between time periods and
is transformed into logarithmic form,
the right-side components are additive,
and the percent change on the left side
is precisely equal to the sum of the percent changes on the right.
nent is calculated for two or more
regions, the national distribution
of earnings by industry is multiplied by each region's distribution
of jobs by industry. Thus, regional
differences in this component reflect regional differences in the
distribution (mix) of jobs among
industries with varying earnings
rates nationally. The industrial
comparisons are made at approximately the two-digit Standard Industrial Classification (SIC) level
of detail, as in the table "Personal Income by Major Sources"
for States, usually published in
the August SURVEY OF CURRENT
BUSINESS.
Differential
regional earnings
(E/H): This detailed component
is the ratio of earnings to hypothetical earnings, where earnings is the actual wages and
salaries, other labor income, and
sole proprietors' and general partners' income originating in a region. When this detailed component is calculated, the region's industry mix of jobs is multiplied
by the region's actual earnings by
industry in the numerator, and
the same industry mix of jobs is
multiplied by the corresponding
national earnings in the denominator. Thus, this detailed component reflects regional-national
differences in industrial earnings
rates that abstract, for the most
part, from those due to regionalnational differences in the industry mix of jobs.
Job ratio (J/NW): This detailed component is the ratio of the count of
jobs of wage and salary workers
by place of work and of sole proprietors and general partners to
the resident working-age population (ages 18-64 years).
Working-age ratio (N^/N): This detailed component is the ratio of
the working-age population to total population. The difference between this ratio and unity equals
the share of population that will
be referred to as the "nonlabor
share"; any downward change in
the working-age population share
implies an increase in the nonlabor share, and conversely.
(la)
ln(ZL)-
(Ib)
percent change
(
TPI
)
TT
percent change
(—)
J
•p
percent change
("77)
H
percent change
( —- )
jyw
percent change
( —jr )
percent change
(~rr)
percent change
FI
E
(
TPI
FI
-i
-f
^
Transfer payments ratio
(TPI/FI):
This detailed component is the
ratio of total personal income—
that is, factor income plus nonfactor income (mainly transfer
payments)—to factor income.
).
The detailed components are as follows.
Industry mix (H/J): This detailed
component is the ratio of hypothetical earnings to jobs, where hypothetical earnings is the wages and
salaries, other labor income, and
sole proprietors' and general partners' income that would have originated in a region if all jobs in
each industry in the region had
been compensated at the national
average rate in the corresponding industry.9 When this compo9. Estimates of the number of wage and salary workers, sole proprietors, and general partners are on a
job-count basis, derived from tax and administrative
records; that is, each job, whether full- or part-time,
is counted (unlike a person-count estimate, usually derived from household surveys). There is no adequate
basis on the subnational level for converting these job
counts to a full-time equivalent measure. While the jobcount estimates in this study generally agree with those
in the Regional Economic Information System tables,
the estimates for sole proprietors and general partners
differ from current estimates in anticipation of changes
to be introduced as part of the next comprehensive revisions to the State personal income estimates.
Property income ratio (FI/E): This
detailed component is the ratio of
property income plus earnings—
that is, factor income—to earnings.
Table 5.—Average Annual Percent Change in Per Capita Personal Income by Detailed Component,
1969-79 and 1979-88, for the United States and BEA Regions
Detailed components
Per capita
personal
income
(TPI/N)
Differential
Industry
regional
mix (////) earnings
(E/H)
Job ratio
(//AM
Workingage ratio
(AWAO
Property
income
ratio
(FI«/E)
Transfer payments ratio
Place of
work
(TPI/FI»)
Place of
residence
(TPIIFIr)
1969-79
United States
Low-income regions
Southeast
,
Southwest
Plains
Rocky Mountain
High-income regions
Mideast
Far West
Far West plus AK and HI
New England
*
Great Lakes
8.64
7.07
0.34
0.72
0.10
0.39
0.48
9.30
9.24
9.56
9.24
9.37
7.34
7.38
7.32
7.20
7.39
.31
.28
.63
.05
.17
.52
.40
.79
.51
.80
.63
.49
.56
1.02
.83
.16
.22
.05
.20
.03
.35
.47
.21
.26
.16
.43
.56
.28
.33
.23
8.35
8.02
8.61
8.60
8.06
8.54
6.92
6.93
6.93
6.93
6.85
7.00
-.09
-.15
-.20
-.17
-.31
.05
.22
-.04
.74
.72
.23
.11
.79
.69
.75
.75
.91
.88
.08
.09
.10
.10
-.03
.09
.41
.51
.29
.29
.43
.40
.50
.63
.34
.34
.53
.49
0
1979-88
United States
6.69
5.35
0
0.56
0.25
0.51
0.01
0.12
Low-income regions
Southeast
Southwest.^
Plains
Rocky Mountain
High-income regions
Mideast
Far West....
Far West plus AK and HI
New England
Great Lakes
6.44
7.04
5.67
6.06
5.62
5.30
5.38
5.11
5.34
5.13
-.20
.09
-.29
-.68
-.63
.39
.66
-.12
.39
.23
.26
.31
.17
.29
.06
.60
.61
.62
.60
.56
.09
-.01
.18
.12
.27
.19
.09
.27
.25
.35
6.89
7.58
6.26
6.24
8.52
6.09
5.40
5.53
5.46
5.46
5.57
5.19
.14
.55
-.01
-.04
1.10
-.55
.69
.94
.43
.42
1.38
.41
.25
.31
.08
.07
.47
.25
.45
.41
.35
.35
.33
.60
-.04
-.17
-.04
-.02
-.33
.19
.07
-.05
.06
.07
-.21
.30
.
. ........
36
Contributions of the components
Table 5 shows, for each region, average annual percent changes in PCPI
by detailed component for 1969-79 and
1979-88. For each region in each
decade, these measures provide the basis for evaluating the contribution of
the change in each detailed component to the change in PCPI as a percent of the national average. Table
5 shows TPI/FI in two versions, one
designated as a place-of-work estimate
and the other designated as a placeof-residence estimate. The two designations yield somewhat different estimates, but they do not materially affect
the values of the specified component
contributions at the regional level.
Table 6 shows, for each region,
the percentage-point difference from
the national average percent change
in PCPI for each detailed component.
The signs of the regionalnational differences may be either positive or negative. Using these differences, the procedure for accounting for convergence and divergence of
the high- and low-income regions consists of two steps: (1) Subtracting
the high-income regional-national difference from the low-income regionalnational difference for each detailed
component and (2) grouping the results of step (1) into two parts—those
SURVEY OF CURRENT BUSINESS
contributing to convergence and those
contributing to divergence. For example, in the 1970's, the results of
step (1) were 0.41 for industry mix,
0.40 for differential regional earnings, 0.29 for the job ratio, -0.16 for
the working-age ratio, 0.08 for the
property income ratio, and —0.06 for
the transfer payments ratio. When
the results with positive signs are
grouped, the industry mix, differential
regional earnings, job ratio, and property income ratio together contributed
1.18 percentage points toward convergence. When the results with negative signs are grouped, the nonlabor
share and transfer payments together
contributed -0.22 percentage point toward divergence. The net result—
0.96—indicates convergence between
high- and low-income regions.
January 1990
decrease in the transfer payments ratio in low-income regions, which benefited from falling unemployment rates,
partly offset the other component
contributions.
Of the total of the group of detailed components contributing to regional PCPI divergence in the 1980's,
(1) industry mix accounted for 12 percent, (2) differential regional earnings
for 47 percent, and (3) the job ratio for
41 percent. Relative increases in the
property income ratio and in the transfer payments ratio in low-income regions partly offset the other component
contributions.
Industry mix
During the two most recent decades,
industry mix contributed considerably
less to PCPI convergence than during the 1940-79 period overall. Individual decade patterns have varied,
but
the very large industry mix conThe 1970's and 1980>s
tributions in the 1940's dominated the
Of the total of the group of detailed 1940-79 period. With the onset of the
components contributing to regional revolution in farm technology, a maPCPI convergence in the 1970's, (1) in- jor reallocation of redundant farm ladustry mix accounted for 35 percent, bor to other industries occurred within
(2) differential regional earnings for 34 the context of large increases in total
percent, (3) the job ratio for 25 per- jobs. As noted in the 1982 SURVEY articent, and (4) the property income ra- cle, from 1940 to 1979, farm jobs as a
tio for 7 percent. A relative increase percent of total jobs in low-income rein the nonlabor share and a relative gions declined more than 25 percentage points; two-fifths of this decline
occurred in the 1940's, when regional
PCPI differences narrowed more than
Table 6.—Percentage-Point Difference from National Average Annual Percent Change in Per Capita
in any other decade. Regional differPersonal Income by Detailed Component, 1969-79 and 1979-88, for BEA Regions
ences continued to narrow in the subDetailed components
sequent three decades, but the realloTransfer payments ratio
cation
of the diminishing pool of redunPer capita
Property
Differential
WorkingJob ratio
Industry
regional
personal
income
age ratio
dant farm workers appears to have acPlace of
Place of
(7/AM
mix (H/J)
earnings
income
ratio
work
(/Vw/AO
residence
(EIH)
(77Y/AO
(FI»/E)
counted for no more than one-fifth of
(TP//F/W)
the subsequent convergence.
1969-79
Much of primary commodities production remains concentrated in low-0.09
-0.04
0.26
0.67
Low-income regions
-0.05
0.06
0.17
0.31
-.23
.12
.60
.08
.08
.05
.30
.28
Southeast
income regions, however. These re.44
-.16
.92
-.18
-.05
.63
-.19
.25
.30
.60
-.14
.09
.17
.05
-.13
.13
Plains
....
gions experienced compounded relative
.11
-.08
.17
.45
.73
Rocky Mountain
-.25
-.23
.31
advantages with respect to both the
-.02
.02
-.12
.07
-.09
.03
-.29
High-income regions
-.15
-.03
-.01
.12
-.39
-.62
.16
-.15
industry-mix and differential-regional-.15
Mideast
.02
.00
.40
-.20
-.10
-.14
-.03
-.15
Far West
earnings contributions to PCPI conver.03
-.01
.37
-.17
-.03
Far West plus AK and HI
-.11
-.13
-.15
.18
-.14
-.12
.04
-.58
.06
-.31
-.23
New England
gence in the 1970's. Owing to the
.16
-.10
.01
.01
-.01
.05
-.23
-.08
Great Lakes
relative price inelasticity of demand
Low-income regions less high-income
-.16
.41
-.06
.08
.29
.40
.96
-.08
regions
.
for many primary commodities, prices
and incomes tend to be more volatile
1979-88
than jobs. In the early 1970's, sup0.01
-0.24
0.09
-0.20
0.08
0.07
-0.17
-0.05
Low-income regions
ply shocks led to soaring prices for
.06
-.02
.10
.09
.09
.35
-.03
.03
Southeast
-.08
-.29
-.68
-1.02
.17
.15
.11
-.24
Southwest
petroleum, grain, and oilseed, and in.04
.14
.09
-.68
-.18
-.63
.11
-.01
Plains
.24
-.19
.26
.05
-.63
-.33
-.22
Rocky Mountain
-1.06
dustrial hoarding led temporarily to
.00
-.04
.14
.04
.20
-.06
.13
-.05
High-income regions
soaring prices for copper and other in.06
-.10
.38
.55
.89
Mideast
-.17
-.18
.18
dustrial raw materials perceived to be
-.17
-.42
-.05
-.06
-.16
-.13
-.01
.11
Far West
...
-.18
-.44
-.16
-.04
-.04
-.15
Far West plus AK and HI
-.04
.11
in short supply. The initial supply re.22
.81
1.84
-.32
-.18
-.34
1.10
New England
.22
.00
.09
.17
-.55
-.15
-.16
-.59
Great Lakes
.19
sponse slowed the decades-long attriLow-income regions less high-income
tion
of farm households and temporar.01
-.44
.11
.15
-.30
-.34
regions
.13
-.09
ily turned around the long-term decline
(TPI/FIr)
January 1990
in jobs in a number of mining industries in these regions. The rising earnings per job in the primary commodities industries affected both hypothetical and actual earnings per job in the
1970's, to the advantage of the lowincome regions.10
These same industries were disadvantaged in the 1980's. In the Southwest and Rocky Mountain regions,
weakness in these industries and in
construction canceled out most of their
industry-mix gains of the 1970's. The
Plains region, however, retained most
of its industry-mix gains of the 1970's
mainly because high Federal Government crop payments to farm proprietors in 1988 (not characteristic of
earlier in the 1980's) boosted the region's end-year hypothetical earnings.
In the Southeast, the gains from industry mix increased modestly in the
1980's. The Great Lakes region continued to experience negative contributions in the 1980's, and the other
high-income regions approximately regained their losses of the 1970's.
Differential regional earnings
SURVEY OF CURRENT BUSINESS
out industry-mix differences among the 1970's and to divergence in the
the regions. As an important exam- 1980's. In the 1970's, total jobs inple, nonelectrical machinery manufac- creased at almost twice the rate in lowtures (SIC 35) includes oilfield and income as in high-income regions—at
farm equipment (in which the South- average annual rates of 2.95 percent
west and Plains regions, respectively, and 1.68 percent, respectively. At the
specialize) and computers. Employ- same time, the increase in working-age
ment and wage premiums in oilfield population in low-income regions was
and farm equipment increased in the 1.7 times that of high-income regions—
1970's and declined in the 1980's, and at average annual rates of 2.4 peremployment and wage premiums in cent and 1.4 percent, respectively. In
computers increased in both decades. the 1980's, the average annual rates
New England was particularly advan- of job growth were much closer—at
taged through much of the 1980's be- 2.03 percent and 1.71 percent, respeccause of the increasing penetration of tively. The increase in working-age
the market by minicomputers in which population in low-income regions was
1.6 times that in high-income regions—
the region specializes.
The occupational composition of in- at average annual rates of 1.6 percent
dustries also varies among regions. , and 1.0 percent, respectively. Thus, in
Central administrative offices, in gen- the 1980's, the job ratio turned in favor
eral, and corporate headquarters, in of the high-income regions, notably in
particular, tend to employ a higher pro- New England and the Mideast, where
portion of professional, technical, and the population growth rate remained
managerial workers than do the op- well below the national average in both
erating units, and these administra- decades. (Population growth in the
tive units are more regionally concen- Southeast and Southwest regions in
trated. During the 1980's, there was the 1970's and in the Rocky Mountain
a wider divergence of job remunera- and Southwest regions in the 1980's intion between professional, technical, cluded a higher-than-national-average
and managerial workers and other job nonlabor share, resulting in divergent
classifications than in earlier decades. contributions from the working-age raThis divergence particularly benefited tio component from those regions.)
the New England and Mideast regions,
The national business cycle masks
which are host to a disproportionate, somewhat different cyclical patterns
though declining, share of administra- among individual regions.
In the
tive units.
Southwest and Rocky Mountain reThat is not the whole story: Money- gions, the boomlike patterns of the
center banks and nonbank financial in- 1970's continued through the midstitutions in major labor market areas 1980's, when the collapse in interin high-income regions provide an ex- national oil prices sent the regional
ample of the working of locational ex- economies into sudden shock: Conternal economies in the 1980's. Cap- struction, trade, and the financeital flows to and from these centers insurance-real estate group were batmultiplied, and the proliferation of fi- tered, along with oilfield development
nancial restructuring was the source and services activities. The job raof very large bonus payments, in- tios in these regions were further dedeed. Junk bond packagers, arbi- pressed because working-age populatragers, and related corporate lawyers tion inmigration continued, although it
and tax accountants profited more than trailed off when unemployment rates
substantially in the money centers, began to soar after the mid-1980's.
while jobs in financial "backroom" operations in low-income regions, such Property income ratio and transfer
payments ratio
as those recording credit card transactions in some medium-sized cities in
More uniform regional distributions
the Plains region, were not similarly
of
property income contributed slightly
11
remunerated.
The relatively very large differential regional earnings contribution to
PCPI divergence in the 1980's partly
reflects, as just mentioned, a reversal
of 1970 developments in the primary
commodities industries in the 1970's.
It also reflects substantial regional differences in earnings among industries
that are more nearly uniformly distributed among regions. Rising relative unemployment rates in the Southwest, Rocky Mountain, and Plains regions and falling relative unemployment rates (and labor shortages in
many labor market areas) in the New
England and Mideast regions in the
1980's had opposite effects on relative
increases in wage rates. Often, the
least skilled, entry-level jobs in the
larger labor market areas in the latter
regions commanded substantial premiums above the Federal minimum wage
rate, in contrast with the conditions in
the former regions. As well, contrasting phases of the construction cycle in
the two groups of regions through 1988
resulted in contrasting receipts of overtime premium payments in the rela- Job ratio and working-age ratio
tively high-wage construction industry.
The industry-mix component, as
The job ratio was also a major commeasured, does not completely filter ponent contributor to convergence in
10. Inasmuch as low-income regions have a disproportionate share of the affected primary industries, higher
relative earnings rates in these industries in the 1970's
strongly affected the earnings rates used in calculating
hypothetical earnings (H) as well as actual earnings
<£?).-
37
11. For a more geographically detailed discussion of
the reversal of economic patterns in the 1970's and
1980's and the implications for regional economic theory, see Daniel H. Garnick, "Shifting Patterns in the
Growth of Metropolitan and Nonmetropolitan Areas,"
SURVEY OF CURRENT BUSINESS 63 (May 1983): 39-44;
"Patterns of Growth in Metropolitan and Nonmetropolitan Areas: An Update," SURVEY 65 (May 1985): 3338; and "Growth in Metropolitan and Nonmetropolitan Areas: An Update," SURVEY 69 (April 1989): 3738. The methodology underlying the 1983 SURVEY article, while comprehensive, did not isolate differential regional earnings; hence, it did not identify the locational
external economies pertaining to, for example, moneycenter financial institutions in the 1980's (as well as in
the 1950's and 1960's).
SURVEY OF CURRENT BUSINESS
38
to regional PCPI convergence in the
1970's and partly offset divergence in
the 1980's. In the 1970's, unemployment rates that were falling relative to
the national average in low-income regions resulted in a small relative decline in transfer payments, and that
decline partly offset regional PCPI convergence in that decade. In contrast,
in the 1980's, unemployment rates that
were rising relatively in low-income regions resulted in a relative increase in
transfer payments, and that increase
partly offset regional PCPI divergence.
Income and Population
Effects, 1929-88
first term on the right side of the final
equality sign, ^, hereafter called the
income effect, measures the per capita
increment in TPI during a timespan.
The second term, £± x ^, hereafter
called the population effect, is the product of the initial value of PCPI (the
initial condition) and the population
growth rate during the timespan. The
sign of the population effect is negative, which implies a drag on PCPI
change when population is growing.
The initial condition thus modifies the
drag of the population growth rate on
PCPI growth: It mutes the drag in lowincome regions and amplifies the drag
in high-income regions.12
Table 7 shows the change in PCPI,
the income effect, and the population
effect and its components—initial-year
PCPI and population growth rate—for
each timespan in 1929-88. In each
of the timespans, the absolute dollar
change in PCPI in low-income regions
fell below the national average, while
the dollar change in the high-income
regions exceeded it. When there are
large differences among regions in the
absolute dollar values of PCPI, it is
not unusual for absolute (columns 16) divergence and relative (columns
7-12) convergence to occur simultaneously. This situation is especially
likely when inflation accounts for a
large part of income growth and affects
income growth rates more or less uniformly across regions. Relative convergence of low-income regions will occur
when their PCPI growth rates exceed
the national average (and when those
of high-income regions fall short of it).
The components of PCPI behave in the
same way as the total with respect to
divergence when treated in absolute
terms and with respect to convergence
when treated in relative terms (except
in the 1980's, when, in both terms,
PCPI and its components diverged
regionally).
Ever since the first wave of European
immigration, this Nation's population
has exhibited a much higher degree of
regional mobility than that of other industrially advanced countries. Since
the Nation's early settlement, population has shifted west. In the 192988 period, the three westernmost regions have consistently had high relative population growth rates; the New
England, Mideast, and Plains regions
have had low rates. The Great Lakes
region has had increasing population
outmigration since the 1950's. For
about a century following the Civil War
(except during the 1930's), the Southeast had outmigration, but since the
1960's, the region has had increasing
inmigration.
When viewed in terms of comparative statics, regional population
growth exerts a "drag" on relative
PCPI growth, and income growth exerts a "lift," But regional population
and income growth are not independent of one another, nor are they perfectly covariant. In this section, PCPI
change is decomposed into lift and drag
effects—termed the "income effect" and
the "population effect," respectively—
over each of six approximate decade
timespans in 1929-88.
Income and population effects compared
A measure of the income and population effects can be derived by differIn each timespan except the 1930's,
entiating PCPI with respect to time CO, the income effect provided the expected
as shown in equation (2).
lift. In the 1930's, PCPI declined in the
(2)
d(y/ri)
__
ndy - ydn
dt
Ay
n
V-i
where y is TPI, n is total population,
A is the change in value over a timespan, and the subscript (-1) is the value
at the initial date of a timespan. The
12. The modifying effect of the initial PCPI value can
be illustrated in relative terms. Consider two regions
with initial PCPI's of 125 percent and 75 percent of the
national average, respectively. If both regions experience population growth rates equal to the national average, the high-income region will experience a drag
two-thirds greater than that for the low-income region.
Thus, to the extent that income growth and population
growth are not covariant, the initial condition requires
greater lift to keep high-income regions aloft relatively,
and therein lies the tendency toward PCPI relative convergence, all else being equal.
January 1990
Nation and in each region. Both the income and population effects were negative, except in the Southeast and Far
West regions; in those regions, small
positive income effects offset about onethird and one-quarter, respectively, of
the negative population effects (column
1). The national population growth
rate was the lowest recorded, and
thus it exerted a smaller-than-average
drag. The negative income effect took
a greater toll on high-income regions;
it accounted for more than one-half of
the PCPI decline in the high-income
regions, compared with less than onethird of the decline in low-income regions. In this decade of the Great Depression, the industrial Great Lakes,
New England, and Mideast regions experienced population outmigration for
want of jobs. The Far West, on the
other hand, had a population growth
rate 230 percent of the national average (column 7). Three of the four
low-income regions also had greaterthan-average population growth; in the
Plains region, drought and dust storms
ravaged farms and spurred large-scale
outmigration.
World War II and the postwar
conversion were powerful engines of
growth during the 1940's; the income
effect swamped the population effect
even though the national population
growth rate exploded at the start of
the baby boom (column 2). During this
decade, the PCPI disparities narrowed
more than in any other: PCPI more
than tripled in low-income regions and
more than doubled in high-income regions. The income effect was 50 times
larger than the population effect in
the Plains region, reflecting both huge
gains in farm productivity and continued very high rates of population outmigration. The Southeast, with an income effect 21 times larger than the
population effect, returned to its pre1930's pattern of outmigration for similar reasons.
Industrialization was taking hold in
both the Plains and Southeast regions
during the 1940's. The Plains region
continued exporting population during each of the subsequent decades,
through good farm years and bad; the
Southeast experienced a turnaround of
migration (and remigration) starting in
the 1960's. The Southwest and Rocky
Mountain regions experienced high to
very high rates of population inmigration over each decade in the face of
very uneven income effects. It was only
in the two most recent decades that,
with high population growth (including
January 1990
that in the Southeast) and with PCPI
approaching the national average, the
population effect in low-income regions
exerted greater-than-national-average
drag on PCPI growth.
The high-income regions, except the
Far West, experienced an opposite population effect. The population growth
rate in the Far West has averaged more
than twice the national average during the decades under study. New
England and the Mideast have experienced varying outmigrations—in the
last two decades quite sharp, in the
face of both economic reversal in the
1970's and substantial recovery in the
1980's. Since the 1950's, the Great
Lakes region has experienced increasing population outmigration, and its
income effects have fallen below the
national average since the 1960's. By
the end of the 1980's, the Great Lakes
region had fallen from above to below
the national average PCPI.
Thus, although each region appears
to be governed by its own culture
of population migration, columns 7—
12 in table 7 show a pattern of rising relative population effects in the
low-income regions and declining relative population effects in the highincome regions over the decades under study. These patterns, in turn, reflect the compound effects of both the
initial condition—monotonically rising
(declining) initial year PCPI as a percent of the national average in the lowincome (high-income) regions—and a
somewhat uneven pattern of relative
population growth rates.
Through mid-century, the HicksBorts proposition on the regional
equalization of factor returns had some
verisimilitude; it also had demonstrated relevance for explaining regional PCPI convergence as a percent
of the national average. Since midcentury, however, modern technology
has permitted industries to become increasingly footloose. Industries established in the New England^ Mideast,
and Great Lakes regions through the
early decades of the century were
based on a mechanical technology and
were locationally
to dense labor markets and by high transportation costs. The shift over time to
lightweight materials, to miniaturization, to reduced numbers of moving
parts in equipment, and, more generally3 to the widespread substitution
of electronic for mechanical processes
has reduced the role of transportation costs and of large, skilled labor
SURVEY OF CURRENT BUSINESS
39
pool requirements in the production
and distribution processes. Advances
in telecommunications, more efficient
transmission of power, and relatively
cheaper, faster, and more convenient
transportation have increasingly overcome the impedance of distance in the
provision of producer services as well
as in the production and distribution of
goods. Overall, the economies of prox-
Table 7.—Change in Per Capita Personal Income: Income and Population Effects, Selected Periods 192988, for the United States and BEA Regions
Percent of U.S. average
Absolute dollars or population rate of change
1929-40 1940-50 1950-59 1959-69 1969-79 1979-88 1929-40 1940-50 1950-59 1959-459 1969-79 1979-88
(1)
United States
Change in per capita income
Equals: Income effect
Minus: Population effect
Initial per capita income
Population rate of change
(2)
(3)
(12)
(4)
(5)
(6)
(7)
(8)
(9)
1,612
1,876
5,225
5,620
7,455
8,236
264
395
781
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
48
30
66
64
102
89
86
52
67
77
85
81
67
81
84
88
87
80
82
98
95
97
130
85
154
86
89
120
90
133
77
75
47
58
81
85
78
54
70
78
88
86
76
74
102
89
91
127
80
159
91
93
112
85
132
(10)
(11)
-52
53
692
911
988
77
587
697
911
214
-51
-16
35
444
813
852
40
394
594
737
144
1,421
1,632
4,946
5,460
6,416
7,354
211
514
938
.0789
.1008
1,207
.1191
1,800
.1174
3,221
.1597
8,167
.1149
-25
13
37
363
703
739
36
338
592
708
116
1,414
1,614
4,629
5,130
6,786
7,662
200
500
876
.1032
.1058
1,041
.1116
1,633
.1226
3,047
.1642
7,676
.1141
24
-24
70
52
134
-54
-15
38
468
893
954
60
414
616
844
228
1,389
1,678
5,305
6,014
289
709
.0814
.1459
1,307
.1747
1,923
.1503
3,312
.2141
5,733
7,211
1,478
8,617
.1715
51
30
71
68
105
98
96
78
71
111
88
93
107
87
123
86
89
110
88
125
102
107
180
87
207
77
88
189
95
198
-91
-81
10
566
977
998
20
475
573
678
104
1,517
1,642
5,382
5,567
6,473
6,806
126
185
332
.0176
.0429
1,453
.0719
2,026
.0622
3,543
.0524
8,924
.0373
86
156
19
82
23
107
101
27
81
33
82
74
49
97
50
94
88
48
92
52
103
99
47
93
51
87
83
43
99
43
607
864
257
1,301
1,605
5,265
6,053
5,705
6,703
303
788
998
1,485
.1732
2,091
.1451
3,393
.2323
8,658
.1153
62
12
110
85
130
106
105
94
89
105
87
95
120
99
121
81
86
115
95
121
101
108
200
89
224
77
81
128
96
133
138
153
125
127
98
107
110
145
125
116
109
113
126
114
111
108
109
114
112
101
105
102
66
110
59
112
109
79
107
74
104
104
102
133
77
111
107
95
115
82
111
108
88
114
77
101
95
6
113
6
126
117
33
106
31
114
131
331
132
252
116
143
232
121
192
108
122
205
119
172
114
119
181
115
158
105
116
222
114
194
115
142
229
120
191
110
123
203
118
172
114
119
184
115
161
104
116
222
114
194
114
106
80
107
75
111
109
101
109
92
99
96
52
110
48
145
137
57
104
55
100
102
100
89
107
83
103
99
42
105
40
92
85
15
104
14
-105
1,498
2,195
3,808 9,033
0.0772 0.1311 0.1426 0.1201 0.1036 0.0864
Low-income regions
Change in per capita income
Equals: Income effect
Minus: Population effect
Initial per capita income
Population rate of change
Southeast:
Change in per capita income
Equals: Income effect
Minus: Population effect
Initial per capita income
Population rate of change
Southwest:
Change in per capita income
Equals: Income effect
Minus: Population effect
Initial per capita income
Population rate of change
Plains:
Change in per capita income
Equals: Income effect
Minus: Population effect
Initial per capita income
Population rate of change
Rocky Mountain:
Change in per capita income
Equals: Income effect
Minus: Population effect
Initial per capita income
Population rate of change
High-income regions
Change in per capita income
Equals: Income effect
Minus: Population effect
Initial per capita income
Population rate of change
Mideast:
Change in per capita income
Equals: Income effect
Minus: Population effect
Initial per capita income
Population rate of change
Far West:
Change in per capita income
Equals: Income effect
Minus: Population effect
Initial per capita income
Population rate of change
-65
-6
59
587
.1003
962
1,034
72
523
.1380
973
758
-79
67
877
1,084
1,028
1,740
2,040
5,481
5,740
8,318
8,936
112
731
270
300
258
618
.0759
.1526
1,704
.1584
2,462
.1219
4,202
.0615
9,684
.0638
-177
-110
1,028
773
976
203
1,795
2,027
5,286
5,311
9,375
9,633
232
25
258
-146
950
66
957
79
780
.0693
.1008
1,730
.1172
2,503
.0928
4,298
.0058
9,584
.0269
168
213
124
138
90
-117
1,038
1,293
807
1,302
1,745
2,286
5,958
6,673
495
540
715
1,810
.2735
2,617
.2064
4,363
.1638
7,817
9,549
1,732
10,321
.1678
111
-80
297
129
231
800
1,290
1,766
2,302
5,958
6,686
490
536
728
1,801
.2721
2,601
.2060
4,367
.1666
7,786
9,519
1,733
10,325
.1678
798
970
172
1,789
2,054
5,189
5,395
10,816
11,263
265
207
447
1,599
.1074
2,398
.1106
4,187
.0494
9,375
.0477
697
947
249
1,640
1,874
5,387
5,551
6,856
6,969
235
164
113
1,659
.1502
2,356
.0996
3,996
.0410
9,383
.0121
42
159
890
.1786
255
772
.3299
Far West plus AK and HI: »
Change in per capita income
Equals' Income effect
Minus: Population effect.
Initial per capita income
Population rate of change
New England:
Change in per capita income
Equals: Income effect
Minus: Population effect
Initial per capita income
Population rate of change
Great Lakes:
Change in per capita income
Equals: Income effect
Minus: Population effect
Initial per capita income
Population rate of change
-83
33
864
851
920
70
749
.0378
.0931
-132
1,004
1,085
-115
-87
45
787
.0575
82
655
.1246
1. Data for Alaska and Hawaii are not available for years prior to 1950.
NoTE.-The "income effect" and the "population effect" are defined in the text.
110
160
61
125
49
93
93
91
128
71
126
168
85
114
75
110
110
106
112
95
.104
117
111
105
40
imity to inputs and to market areas
for manufacturing industries and for
some producer services industries appear to have been weakening over the
last three decades.13
Where there is population, there is a
demand for consumer services. To that
extent at least, jobs flow with population. This has clearly been the case
with respect to retirement communities and recreation areas. The amenities that draw population to these areas also lure enterprises other than
13. Daniel H. Garnick, Reappraising the Outlook for
Northern States and Cities in the Context of U.S. Economic History, Working Paper Number 42 (Cambridge,
MA: Joint Center for Urban Studies of Massachusetts
Institute of Technology and Harvard University, May
1978).
SURVEY OF CURRENT BUSINESS
those connected with the provision of
local consumer services, given the local cost of production relative to the
prices the enterprises receive. In addition, the new industries—developed in
the last three decades of rapid technological change—have tended to locate
in the regions experiencing relatively
rapid population growth; old industries
located in the earlier established industrial belt have gone through or are
currently undergoing substantial technological restructuring, and the redundant labor in these high-income or formerly high-income regions have tended
to gravitate toward regions where the
jobs are located. In spite of this gravitation toward jobs, it has been shown
that locational external economies are
January 1990
associated with a degree of stickiness
in factor returns in certain industries
and locations (e.g., financial services in
money centers) and with divergent differential regional earnings.
All the above explains much of the
apparently "wron^' direction of regional population flows. However,
not all job-related migration is implemented with perfect knowledge,
and not all migration is in search
of jobs.
So, it can be assumed,
regionally specific inertia in population movement and locational external
economies may well continue beyond
the present decade and continue to confound oversimplified theories of wages
and regional PCPI convergence.
By INTERINDUSTRY ECONOMICS DIVISION
^innuallnput-Output Accounts of the ILS* Economy, 1985
THIS article presents the latest in a
series of annual input-output (I-O) accounts that are consistent definitionally with the 1977 benchmark 1-0 accounts as modified by the comprehensive revision of the national income
and product accounts (NIPA's) released
in December 1985.1 Annual I-O accounts are prepared using basically the
same procedure as used in the most
recent benchmark accounts, but with
less comprehensive and reliable source
data. The four steps in this procedure
are (1) determine industry and commodity output totals, (2) estimate the
commodity composition of intermediate consumption for each industry, (3)
derive each GNP component and its
commodity composition,
and (4) balance the table.2
The 1985 annual I-O estimates of
final demand—that is, estimates of
GNP components—differ from the published NIPA estimates for that year
because they incorporate additional
source data and are based on estimating methods that reflect these source
data. For the major GNP components,
the differences are shown in table
A. For personal consumption expenditures (PCE), the difference is mainly
due to the methods used to prepare
the estimates of goods and newly availNOTE.—The 1985 annual I-O accounts were prepared under the direction of Mark A. Planting,
Chief of the Auxiliary Studies Branch. Staff
contributors were William A. Allen, Claiborne
M. Ball, Esther M. Carter, Nicholas R. Dopuch,
Robert S. Robinowitz, Nancy W. Simon, and Patricia A. Weiss.
1. Annual accounts for 1981, 1982, 1983, and 1984
have appeared in the January 1987, April 1988, February 1989, and November 1989 issues of the SURVEY OF
CURRENT BUSINESS, respectively. For a description of the
1977 I-O accounts, see "The Input-Output Structure of
the U.S. Economy, 1977," SURVEY 64 (May 1984): 42-84.
For a description of the NIPA revision, see "Revised Estimates of the National Income and Product Accounts of
the United States, 1929-85: An Introduction," SURVEY
65 (December 1985): 1-19.
2. For more detailed information on the preparation
of annual I-O accounts, see "Input-Output Accounts of
the U.S. Economy, 1981," SURVEY 67 (January 1987):
42^58.
domestic investment (GPDI) and net
exports of goods and services, the dif[Billions of dollars]
ferences also reflect the incorporation
in
the I-O estimates of newly available
I-O NIPA's
NIPA's >
acless
source
data: For GPDI, revised Census
counts
I-O
Bureau estimates of new construction
Gross national product
4,014 9 3,9995
153
and revised Department of Agriculture
Personal consumption expenditures
estimates of farm inventories; for net
2,629.0 2,610.6
18.4
Gross private domestic investment
643.1
643.6
-.5
exports, revised BEA estimates of inNet exports of goods and services
-78.0
-75.4
-2.6
Government purchases of goods and
ternational
transactions in services.
o
services
8208
8208
The 1985 annual I-O accounts,
1. The 1985 NIPA estimates appear in "The U.S. National Income
at the two-digit industry/commodity
and Product Accounts: Revised Estimates," SURVEY 69 (July 1989): 8107.
level, are presented in five tables: (1)
The use of commodities by industries,
able source data. The I-O estimates (2) the make of commodities by infor goods are based on the commodity- dustries, (3) commodity-by-industry diflow method; the NIPA estimates are rect requirements, (4) commodity-bybased primarily
on the retail-control commodity total requirements, and (5)
method.3 For services, the difference industry-by-commodity total requireis more than accounted for by revised ments. The structure of these tables
BEA estimates of international
trans- is identical to those published for the
actions in services.4 For gross private 85 industry/commodity benchmark I-O
accounts except that in tables 1 and 3
3. For a description of these methods, see GNP: An the components of value added are not
Overview of Source Data and Estimating Methods, BEA shown. This article presents only taMethodology Paper No. 4 (Washington, DC: U.S. Government Printing Office, 1987); and "The U.S. National bles 1 and 2. See the box for informaIncome and Product Accounts: Revised Estimates," tion about the availability of the other
SURVEY 69 (July 1989): 25-27.
tables.
Table A.—Comparison of GNP in the NIPA's and
the I-O Accounts, 1985
4. For a description of the revised services estimates,
see "U.S. International Transactions, First Quarter
1989," SURVEY 69 (June 1989): 56-60; and "The U.S.
National Income and Product Accounts: Revised Estimates," SURVEY 69 (July 1989): 21.
Data Availability
The I-O accounts presented in this article, as well as the latest 1977 and 1980-84 I-O accounts at the
two-digit industry/commodity level, are available in magnetic tape, diskette, and computer printout
forms. Magnetic tapes containing data in tables 1 through 5 cost $100 per year. Diskettes, containing
data in tables 1 through 3 on the first diskette and tables 4 and 5 on the second, cost $20 per diskette
per year. Computer printouts containing data for all five tables cost $55 per year. (Add 25 percent for
foreign shipment.) Orders must specify tables and years desired and accession numbers as follows:
Year
1977 (Revised)
1980 (Revised)
1981
1982
1983
1984
1985
Magnetic tapes
Diskettes
Printouts
BEA IED 87-001
BEA IED 87-002
BEA IED 87-003
BEA IED 88-001
BEA IED 89-001
BEA IED 89-002
BEA IED 90-001
BEA IED 87-403
BEA IED 87-406
BEA IED 87^09
BEA IED 88-401
BEA IED 89-401
BEA IED 89-402
BEA IED 90-401
BEA IED 87-206
BEA IED 87-212
BEA IED 87-218
BEA IED 88-201
BEA IED 89-201
BEA IED 89-202
BEA IED 90-201
Orders for magnetic tape must specify density (1,600 BPI or 6,250 BPI) and whether or not internal labels
are needed. Ib order tapes, diskettes, or printouts, write to Economic and Statistical Analysis/BEA, U.S. Department of Commerce, Citizens and Southern National Bank, 222 Mitchell Street, P.O. Box 100606, Atlanta,
GA 30384. A check or money order, payable to "Economic arid Statistical Analysis/BEA," must accompany all
orders. For further information about these products or how to order them, call the Interindustry Economics
Division at (202) 523-0792.
41
42
SURVEY OF CURRENT BUSINESS
January 1990
Table 1.—The Use of Commodities
Commodity number
[Millions of dollars
For the distribution of output of a commodity,
read the row for that commodity
Livestock
Other
Forestry
For the composition of inputs to an industry,
read the column for that industry
and
livestock
products
cultural
products
and
fishery
products
1
2
3
9,164
18,110
2,287
3,009
3,353
4,325
Industry number
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
I
VA
Livestock and livestock products
Other agricultural products
Forestry and fishery products
Agricultural forestry and fishery services
Iron and ferroalloy ores mining
Nonferrous metal ores mining
.
Coal mining. .
.
Crude petroleum and natural gas
Stone and clay mining and quarrying
Chemical and fertilizer mineral mining
.
. . .
•
Repair and maintenance construction
18
4
2
247
1
223
521
12,221
Food and kindred products
Tobacco manufactures
Broad and narrow fabrics yarn and thread mills
Miscellaneous textile goods and floor coverings
Apparel
Miscellaneous fabricated textile products
Lumber and wood products except containers
Wood containers
Household furniture
. .
39
.
.
Paper and allied products, except containers
Printing and publishing
Chemicals and selected chemical products
Plastics and synthetic materials
Drugs cleaning and toilet preparations
Paints and allied products
Petroleum refining and related industries
Rubber and miscellaneous plastics products
Leather tanning and finishing
Footwear and other leather products
Glass and glass products
Stone and clay products
Primary iron and steel manufacturing
Primary nonferrous metals manufacturing
Metal containers .
.
16
86
12
4
60
13
181
172
3
20
204
69
125
31
7,116
Agricultural,
forestry,
and
fishery
services
4
28l"
1,176
Non-
Iron and
ferroalloy
ores
mining
ferrotis
metal
ores
mining
Coal
mining
7
6
5
274
111
26
158
.
...
1,080
405
6,294
514
59
9
9
156
11
250
416
924
Construction and minine machinery
Materials handling machinery and equipment
Metalworking machinery and equipment
9
10
3
1
1
185
10
10
253
12
4,462
1
15
3
349
18
84
107
19
9
146
4,702
29
20
1
(*)
7
1
(*)
1
53
32
42
1
16
15
3
23*
112
1
(*)
10
14
63
56
11
2
180"
11
102
4"
5
10
99
9
1,575
(*)
T'
57
132
1
2
11
1
233
3
6,221
10
499
5
3
21
625
37
2
8
111
5
(*)
6
14
417
30
229
68
64
10
1
4
41
15
(*)
1
20
3
22
15
67
58
7
9
10
28
142
46
7
30
6
(*)
4
268
4
493
72
62
34
79
55
729
242
(*)
3
3
16
(*)
43
3
(*)
25
88
10
(*)
132
126
69
9
41
27
18
43
29
257
179
221
45
17
2
64
14
3
805
119
5
123
2
10
18
508
50
15
10
39
151
8
11
7
Screw machine products and stampings
Other fabricated metal products
Chemical
and fertilizer
mineral
mining
1
213
.
gas
Stone and
clay
mining and
quarrying
Crude
petroleum
and natural
544
235
79
1
28
18
7
34
51
48
(*)
3
9
1
10
6
1
39
4
31
17
442
119
371
222
73
33
16
7
10
38'
General industrial machinery equipment
Miscellaneous machinery except electrical
23
61
29
93
Electric industrial equipment and apparatus
13
14
5
14
118
6
1
6
(*)
(*)"
2
(*)
36
1
364
1
34
5
29
7
101
64
469
74
37
70
8
14
1
8
6
431
4
(*)
38
4
5
11
8
13
9
6
47
1
3
1
(*)
(*)
3
2
(*)
61
4
45
4
8
397
102
2
1
5
83
12
(*)
(*)
55
2
16
1
6
275
26
295
1,115
199
756
36
581
119
263
352
33
80
33
2
395
100
16
42
3
82
4
34
309
128
55
73
7
112
10
67
5
3
8
2
9
8
3
74
5
840
994
271
904
34
1,085
41
210
2
47
15
5
31
8
1,824
667
609
10,284
76
1,576
463
260
9
63
25
12
559
550
221
101
231
50
325
26
50
3
10
8
11
6
7
492
62
140
55
11
124
17
30
1
4
9
3
8
8
Electric liehtine and wirine eauioment
Radio TV and communication equipment
Electronic components and accessories
Miscellaneous electrical machinery and supplies
Motor vehicles and equipment
Aircraft and narts
Other transDortation eauinment
Scientific and controlling instruments
Optical ophthalmic and photographic equipment
Miscellaneous manufacturing
Communications except radio and TV
.
Wholesale and retail trade
Finance and insurance
Real estate and rental
Eatin& and drinkine olaces
Automobile repair and services
Health, educational, and social services and nonprofit organizations
Federal Government enterprises
Noncomparable imports
Scrap used and secondhand goods
Government industry
Rest of the world industry
Household industry
Inventory valuation adjustment
Total intermediate inputs
Value added
T Total industry outout
* Less than $500,000.
.
....
3
l""
10
1,419
223
15
1,022
327
1
5
(*)
563
3
1
(*)
91
7
860
2,713
1,596
1,809
142
403
15
269
2,907
4,318
1,591
11,277
161
2,138
21
311
44
337
55
3
14
128
43
42
643
11
46
16
1
7
17
8
4
4
56,315
21,982
51,093
43,529
3,927
3,154
7,717
8,881
1,425
1,075
1,868
900
13,738
13*004
31,596
103,217
2,987
4,097
1,460
1,253
78,297
94,622
7,081
16,597
2,500
2,768
26,743
134,812
7,084
2,713
..
33
3
.
.
SURVEY OF CURRENT BUSINESS
January 1990
43
by Industries, 1985
New
construction
11
Repair and Ordnance Food and
kindred
and
maintenance
construction accessories products
1 025
14
13
12
1 972
j
12
1 917
1 728
594
23
10
211
1
1 892
38
87
20859
470
11
72
2,899
105
783
958
9
13
748
34
187
500
4
2
488
94
2897
7,670
1,332
3
Broad and Miscelnarrow
laneous
textile
fabrics,
goods
yam and
and floor
thread
mill
coverings
Tobacco
manufactures
152
3359
94
873
2
9
18
17
16
15
59349
21616
1470
7
41
Apparel
60
13
(*)
5
Miscellaneous
fabricated
textile
products
Lumber
and wood
products,
except
containers
Wood
containers
19
20
21
10
347
1
7
4666
102
2
9
fixtures
22
(*)
1
24
23
76
1 852
1
2
1
17
31
24
852
14
4
3,612
125
(*)
2
31
11882
238
6
(*)
3
4
231
110
195
25
81
83
16
495
3,012
27
4
107
522
45
2304
3,934
1,068
1,361
3,984
55
423
60
285
24
839
5,997
86
3
298
463
3
288
20,842
4,855
3725
1
214
5,742
1,146
1 033
(*)
2
33
597
488
2
3951
87
8
1
8,884
(*)
2
1
g
149
10
1
22,247
144
6,757
7,495
62
3,358
121
226
58
635
940
432
1 221
57
50
475
19
1 367
206
221
76
4,047
2365
1 052
5,440
1,446
1,852
870
544
1,911
464
308
315
96
137
4
1,158
19
590
6,625
1,401
506
7
196
2,280
693
1,609
26,087
2,501
1,012
475
46,412
190
950
2
10
236
136
1
201
165
8
3
46
154
119
161
8
60
9
2282
802
100
24
1
2
3,485
6,989
1,867
2,229
66
1376
133
14
1
11,384
141
9,364
834
4,092
1,092
125
455
21
213
251
83
102
1,676
176
(*)
281
320
257
5
7
47
132
35
30
135
34
509
162
9
1
3
34
1
7
2
1
3
36
16
185
7
133
57
2
23
34
4
1
29
90
21
3
1
102
(*)
11
25
1
3
14
84
6
45
2
12
1
1
(*)
43
6
1
1
(*)
(*)
3
5
5
9
152
4
1,752
472
9
41
2,607
(*)
24
3
1
1
j
6
3
344
5
5
1
(*)
(*)
(*)
(*)
15
1
2
3
54
49
379
90
188
30
4
405
4
28
416
(*\
525
55
14
(*)
187
4
757
412
15
3
3,672
2
47
92
9
1
2
2
38
72
40
123
33
902
29
(*)
39
2
40
167
34
46
76
5
221
10
1
913
4
2
122
27
181
21
90
7
2
14,785
2
958
205
45
50
1,916
g
33
8,476
795
28
507
188
16,806
270
10,056
2,168
13
7
(*)
171
97
980
63
132
72
673
5
39
255
51
2
3
91
74
295
106
22
51
1,292
187
1
2
130
1
86
1
(*)
12
100
55
32
523
791
6
3
(*)
31
25
36
3
87
837
199
534
508
102
1
179
11
246
13
10
11
28
1
47
17
527
10
47
29
296
641
393
9
63
314
35
13
126
411
1,150
5
17
112
41
42
125
1
21
27
25
1
1
1
3
(*)
30
302
158
94
4
78
103
7
36
138
245
914
656
3
1
5
7
1
(*)
2
1
(*)
10
5
19
655
323
63
5
92
36
(*)
4
(*)
74
48
1
40
41
(*)
781
354
194
22,234
781
346
167
2,060
748
(*)
(*)
2
1
4
9
1
3
10
19
(*)
2
3
14
8
11
1,067
82
1
(*)
(*)
13
2
8
2
21
322
89
4
1
1
267
64
35
15
5
2,318
165
5
5
3
776
52
10
1,019
177
2,475
1,143
97
14
4
3,758
220
13
37
13
6
3
28
6
3
238
845
326
181
60
859
88
103
19
44
46
5
24
272
616
300
176
46
929
75
93
8
25
50
3
3
4,331
4,179
358
400
263
2,135
173
218
5
60
91
85
98
1 008
367
427
64
136
29
372
74
75
1
4
32
8
20
1,225
3,934
1,057
2,158
738
7,480
2,075
470
26
243
1,953
32
53
7,749
3,716
836
816
228
3,715
500
111
12
119
98
46
770
65
390
187
9,817
5,812
7,975
7,002
45,126
24,592
13,388
8,991
58,256
54,318
61,755
27,348
VA
576
15,628
14,977
69,718
22,379
112,574
89,103
T
57
17
19
6,631
645
3
1
1
124
12
11
4
5
324
177
1
5
1
308
28
10
8
875
503
513
3
1
33
139
45
613
9,600
633
396
123
3,386
61
178
1
5
72
40
(*)
501
489
124
177
58
1,189
208
32
5,830
17,115
1,790
1,283
822
12,094
708
679
7
118
447
309
4,363
85
196
145
59
12
1,268
24
39
2
11
50
5
4
1,339
1,511
233
139
58
1,606
151
71
(*)
53
65
25
41
36
397
609
78
67
24
398
40
28
707
2,243
552
590
203
1,804
245
142
4
43
294
15
67
171
677
149
187
70
388
59
31
92"
1,261
2,498
391
239
89
1,014
153
245
1
80
49
11
13
207,587
156,637
60,488
67,036
13,089
13,409
222,787
73,312
10,222
14,206
27,665
9,206
10,226
3,061
34,637
19,469
9,082
3,954
32,097
17,348
364,224
127,525
26,498
296,099
24,428
36,871
13,287
54,106
13,037
49,445
65
41
4
(*\
12,456
1,089
76
2,236
1,517
126
19
1,925
2,092
1
2
3
4
5
6
7
g
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
14
53
13
68
9
433
132
3
35
12
157
128
119
42
260
136
545
336
3183
307
1785
(*)
(*)
1
1
6
g
27
175
(*)
4
3
14
14
21
10
26
25
238
44
49,725
15
17
73
35
52
Chemicals
Paperboard Printing and and
selected
containers publishing
chemical
and boxes
products
39
3
16
19
9
40
62
79
32
2
5
120
175
Paper
and allied
products,
except
containers
Other
furniture
and
Household
furniture
amodity number
at producers' prices]
3
2
(*)
SURVEY OF CURRENT BUSINESS
44
January 1990
Table 1.—The Use of Commodities
[Millions of dollars
1
For the distribution of output of a commodity,
read the row for that commodity
For the composition of inputs to an industry,
read the column for that industry
Industry number
Plastics
and
synthetic
materials
Drugs,
cleaning
and toilet
preparations
Paints and
allied
products
Petroleum
refining and
related
industries
Rubber and
miscellaneous
plastics
products
Leather
tanning
and
finishing
Footwear
and other
leather
products
Glass and
glass
products
Stone and
clay
products
28
29
30
31
32
33
34
35
36
1
Livestock and livestock products
;
*
2 Other agricultural products
3 Forestry and fishery products
4
5 Iron and ferroalloy ores mining
6 Nonferrous metal ores mining
7 Coal mining
8 Crude petroleum and natural gas
9
10 Chemical and fertilizer mineral mining
11
12
13 Ordnance and accessories
14 Food and kindred products
. .
15 Tobacco manufactures
. ...
16 Broad and narrow fabrics yarn and thread mills
17 Miscellaneous textile goods and floor coverings
18 Apparel
19 Miscellaneous fabricated textile products
...
20 Lumber and wood products except containers
21 Wood containers
22 Household furniture
23 Other furniture and fixtures
24 Paper and allied products except containers
25 Paperboard containers and boxes
.
26 Printing and publishing
27 Chemicals and selected chemical products
28 Plastics and synthetic materials
29 Drugs cleaning and toilet preparations
30 Paints and allied products
31
32 Rubber and miscellaneous olastics oroducts
33 Leather tanning and finishing
34 Footwear and other leather products
35 Glass and glass products
36 Stone and clay products
37 Primary iron and steel manufacturing
...
38 Primary nonferrous metals manufacturing
39
40 Heating plumbing and fabricated structural metal products
41 Screw machine products and stampings
.
..
42 Other fabricated metal products
43 Engines and turbines
44
45 Construction and mining machinery
46 Materials handling machinery and equipment
47 Metalworking machinery and equipment
48 Special industry machinery and equipment
49 General industrial machinery equipment
50 Miscellaneous machinery except electrical
51
52
53
54 Household aooliances
55 Electric lighting and wiring eauioment
..
56 Radio TV and communication equipment
57 Electronic components and accessories
58 Miscellaneous electrical machinery and supplies
59
60
...
61 Other transportation equipment
62 Scientific and controlling instruments
63 Optical ophthalmic and photographic equipment
64
. ...
65 Transportation and warehousing
66 Communications except radio and TV
67
68
...
69 Wholesale and retail trade
70 Finance and insurance
71 Real estate and rental
72
73 Business services
74 Eating and drinking places
75 Automobile repair and services
76
77 Health, educational, and social services and nonprofit organizations
78
79 State and local government enterorises
80 Noncomoarable imoorts
81
82 Government industry
83 Rest of the world industry
84 Household industry
85 Inventory valuation adjustment
I Total intermediate inputs
. ...
VA Value added
T Total industry output
* Less than $500,000.
1
1
134
1,022
35
95
18
1
"21"
29*
2
30
(*)
9
1
1
1
138
37
4
18
106,921
420
12
39
222
33
10
2
237
(*)
17
4
460
(*)
202
193
13
19
166
107
41
615
61
858
223
39
7
2
19
14
1
3
6
(*)
27
1
424
301
21
12,683
1,254
143
73
680
896
424
1,082
201
4,576
142
3,645
66
542
2,056
17
82
66
2,685
644
26
140
226
42
141
469
22
4,007
33
660
7
10,925
259
(*)
11
29
(*)
10
80
1
584
21
1
4
812
12
173
374
1
8
85
39
59
477
5
50
214
20
14
47
320
14
1
9
140
26
5
4
10
(*)
195
28
2
(*)
(*)
107
,
,
,
<
51
10
14
186
31
2
2
(*)
1
39
(*)
420
13
(*)
931
965
18
12
248
5
913
1,041
70
3,388
14,116
22
51
915
4,634
2
9
584
218
541
78
66
201
395
22
6
201
187
54
285
3
4
1
3
6
5
366
284
6
1,810
97
12
64
16
1
316
61
26
1
1
1
42
1
'(*)"
10
2
116
36
45
81
18
53
79
18
6
2
130
57
20
518
30
736
24
205
73
17
(*)
75
12
469
1,210
483
4
4
2
(*)
5
1,141
127
2
5
17
56
25
7
(*)
1
'i"
(*)
(*)
1
5
4
4"
1
142
33
14
36
(*)
25
3
2
909
51
49
13
22
1,097
196
2
1
6
397
27
35
7
2
8,123
243
76
14
23
1,792
208
(*)
(*)
(*)
30
2
1,585
1,328
134
340
86
1,376
159
137
1
46
22
10
92
733
2,101
557
1,209
184
10,196
655
106
10
284
147
30
563
123
493
78
83
44
488
82
32
1
16
33
2,405
2,475
486
801
149
2,292
400
170
5
174
91
19
961
6
34
87
7
4
15
28
3
2
69
5,264
2,820
1,396
494
72
3,197
339
133
3
121
118
53
851
24,728
8,284
34,249
23,954
7,155
3,599
149,306
32,288
43,480
26,530
952
786
33,012
58,203
10,754
181,594
70,010
1,738
1
3
6
1
(*)
3
1
14
(*)
1
(*)
50
73
11
64
1
26
9
17
183
(*)
8
212
(*)
576
175
42
889
262
36
78
751
223
(*)
36
4,672
200
213
2
12
14
415
5
136"
4
31
4
96
85
2
13
47
(*)
(*)
1
74
3
(*)
77
95
33
25
6
1
445
42
13
14
25
2,870
128
67
220
130
61
37
338
43
18
(*)
1,290
547
120
207
34
445
61
67
2
11
29
6
112
67
2,644
1,227
384
385
85
1,316
209
183
1
39
62
15
108
4,240
2,414
7,238
6,478
21,891
18,214
6,654
13,717
40,105
59
SURVEY OF CURRENT BUSINESS
January 1990
45
by Industries, 1985—Continued
at producers' prices]
Primary
iron and
steel
manufacturing
Primary
nonferrous
metals
manufacturing
Metal
containers
Heating,
plumbing,
and
fabricated
structural
metal
products
Screw
machine
products
and
stampings
37
38
39
40
41
Other
fabricated , Engines
and
metal ' turbines
products
42
43
Farm and
garden
machinery
Construction and
mining
machinery
Materials
handling
machinery
and
equipment
Metalworking
machinery
and
equipment
Special
industry
machinery
and
equipment
General
industrial
machinery
and
equipment
Miscellaneous
machinery,
except
electrical
Office,
computing,
and
accounting
machines
Service
industry
machines
44
45
46
47
48
49
50
51
52
}
<3
i
6
140
742
1,089
1,408
2
51
213
6
37
(*)
1
361
235
2
91
315
1
(*)
13
1
51
2
35
(*)
(*)
1
1
23
68
5
1
9
5
4
38
3
5
1,625
89
2
3
1
298
12
10
7
3
529
186
18
15
14
680
195
2
6
1
165
33
2
2
1
151
21
3
5
8
210
88
2
4
5
81
29
26
8
4
219
59
5
7
2
180
81
50
10
3
340
161
6
10
3
285
80
58
46
54
1,270
432
270
9
40
341
80
4,420
2,771
321
277
117
1,214
121
50
1
13
73
20
60
1,164
2,899
2,993
378
250
100
1,112
152
116
2
37
51
17
152
2,770
243
488
77
92
34
224
57
24
75
10
24
744
173
g
624
1,955
293
381
250
1,281
216
121
11
41
72
12
45
57
655
1,214
286
207
70
1,051
98
107
1
69
37
10
29
1,071
1,669
414
341
113
1,469
201
120
2
41
72
24
67
34
167
566
81
52
19
293
35
40
2
6
14
3
39
39
138
759
38
64
12
206
28
7
95
445
41
67
15
233
38
32
2
4
18
2
21
323
594
124
159
40
523
108
64
2
23
19
7
119
9
187
710
127
103
33
397
70
23
4
19
2
69
7
243
1,100
89
70
25
463
62
17
1
4
21
4
117
4
7
36
3
49
16
403
1,125
173
210
61
824
210
70
8
32
56
7
48
7
332
408
287
232
61
1,291
121
91
1
36
29
5
6
7
881
3,061
977
857
1,250
3,611
784
138
1
54
111
29
270
301
1,315
90
116
64
648
93
18
(*)
24
13
6
7
35,661
27,173
34,849
13,696
7,375
4,965
24,071
16,476
17,197
14,134
20,617
21,243
7,334
7,070
5,882
5,200
8,893
9,754
4,186
3,013
7,396
12,212
6,515
7,748
12,526
11,673
7,894
10,699
41,455
16,870
12,070
7,938
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
I
VA
62,835
48,545
12,340
40,548
31,331
41,860
14,404
11,082
18,647
7,199
19,608
14,263
24,199
18,593
58^24
20,008
T
1
2596
63
2,622
30
156
51
1
1799
20
(*)
(*)
j
23
2
(*)
7
5
22
1
2
1
(*)
(*)
8
1
3
6
(*)
(*)
(*)
(*)
1
(*)
1
2
(*)
2
2
(*)
4
6
15
179
47
282
167
163
50
23
51
23
36
32
61
33
421
41
4
1
6
2
5
1
1
2
2
3
2
3
3
9
2
31
2
4
1
117
14
1
5
1
14
4
1
1
1
3
2
16
80
29
4
34
73
21
177
2
25
1
13
2
g
4
10
6
30
2
118
7
1
47
6
29
2
1
5
1
11
40
200
9
24
7
263
37
25
46
188
53
59
108
189
40
157
61
14
115
84
220
10
465
60
867
119
15
330
221
1,329
23
40
12
3
37
10
2
3
4
17
13
4
3
4
14
2
5
72
29
101
4
12
24
164
68
83
33
18
15
7
111
30
5
1
24
772
79
34
85
38
881
708
1
42
520
369
6
84
58
29
20
318
22
43
300
8
60
115
27
116
108
80
207
8
204
278
3
2
469
9,691
1,008
4
(*)
16
167
344
14,717
1
(*)
7
2,832
1,606
421
23
38
6,867
1,120
15
54
158
4,516
2,244
H
8
570
1,786
57
(*)
97
1,252
467
"""is"
(*)
*
88
2,102
84
2?
774
143
&>
1,317
22
60
838
280
266
93
203
590
102
77
136
116
94
101
152
625
407
2
47
1,117
2
306
15
52
301
3
195
68
128
6
373
65
977
345
477
3
504
221
1
1,163
118
3
580
151
1
377
490
3
160
137
81
195
252
357
1
34
1
222
83
94
181
1
(*)
1
225
8
2
31
(*)
g
1
3
2
(*)
31
644
20
6
12
1
95
7
2
10
55
33
1,698
182
556
18
108
440
12
375
58
714
348
12
1
487
12
510
23
429
218
1
181
12
(*)
2
3
16
(*)
1
4
4
97
11
8
1,918
69
12
5
5
8
17
158
219
386
429
80
7,318
3,801
1,004
534
163
283
185
1582
907
105
203
118
955
393
(*)
316
3
2
58
22
21
151
27
101
94
2
6
70
29
211
248
139
5
89
85
406
2,060
60
121
468
152
2,143
631
1
(*)
221
943
451
2
10
125
424
1,053
(*)
15
112
1,260
1,149
134
79
246
109
166
288
306
143
90
243
53
35
1,288
952
146
461
482
67
8
165
414
591
416
2
7
509
318
301
314
180
2,265
484
3
233
1,478
2
93
254
10,108
816
69
2,518
646
325
2
1079
1,360
2
(*)
258
3
6411
38
12
161
(*)
10
2
1
54
(*)
2
97
32
52
(*)
1
46
SURVEY OF CURRENT BUSINESS
January 1990
Table 1.—The Use of Commodities
[Millions of dollars
1
For the distribution of output of a commodity,
read the row for that commodity
£
For the composition of inputs to an industry,
read the column for that industry
3
Industry number
i
2
3
4
5
6
7
g
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
Livestock and livestock products
Other agricultural products
Forestry and fishery products
Agricultural, forestry, and fishery services
Iron and ferroalloy ores mining
Nonferrous metal ores mining
Coal mining
Crude petroleum and natural gas
Stone and clay mining and quarrying....
Chemical and fertilizer mineral mining
,
New construction
Repair and maintenance construction
Ordnance and accessories
Food a n d kindred products
Tobacco manufactures
.
Broad and narrow fabrics, yarn and thread mills
,
Miscellaneous textile goods and floor coverings
Apparel
Miscellaneous fabricated textile products
Lumber and wood products except containers
Wood containers
Household furniture
Other furniture and fixtures
Paper and allied products, except containers
Paperboard containers and boxes...
Printing and publishing
Chemicals and selected chemical products
Plastics and synthetic materials
Drugs cleaning and toilet preparations
Paints and allied products
Petroleum refining and related industries
. ..
Rubber and miscellaneous plastics products
Leather tanning and finishing ...
,
Footwear and other leather products
Glass and glass products
1
Stone and clay products
Primary iron and steel manufacturing
Primary nonferrous metals manufacturing
Household
appliances
Electric
lighting and
wiring
equipment
Radio, TV,
and
communication
equipment
Electronic
components
and
accessories
Miscellaneous
electrical
machinery
and
supplies
Motor
vehicles
and
equipment
Aircraft
and parts
Other transportation
equipment
53
54
55
56
57
58
59
60
61
2
4
6
1
3
2
4
7
2
(*)
9
37
5
2
2
1
58
7
2
203
(*)
3
148
3
8
42
(*)
4
25
317
20
3462
201
5
120
3
.
. . . .
. . . . .
95
47
35
4
2
1
41
22
2
33
10
137
(*)
7
186
34
9
2
2
38
43
4
1
69
16
37
41
21
448
196
126
60
169
89
36
59
256
21
73
238
'ii
4
241
21
111
183
98
200
403
137
326
162
197
109
1,080
244
6
105
19
440
113
70
189
493
146
25
914
43
56
467
52
176
3,070
2
280
2,668
21
176
1,313
1,456
105
102
1,128
577
488
47
693
745
2
93
90
375
1,701
80
401
284
91
326
394
374
289
179
57
110
149
20
88
44
1
260
724
150
276
(*)
3
4
'.
Heating plumbing and fabricated structural metal products
Screw machine products and stampings.........
Other fabricated metal products
Engines and turbines
Farm and garden machinery
Construction and mining machinery
Materials handling machinery and equipment
Special industry machinery and equipment
General industrial machinery equipment
Miscellaneous machinery except electrical
Office computing and accounting machines .
Service industry machines
Electric industrial equipment and apparatus
,
2,198
,
248
(*)
843
(*)
1
62
Electric lighting and wiring equipment
Electronic components and accessories
Miscellaneous electrical machinery and supplies
Aircraft and parts
Other transportation equipment
Optical ophthalmic and photographic equipment
Miscellaneous manufacturing
Transportation and warehousing
Communications except radio and TV
Electric
industrial
equipment
and
apparatus
....
,
.
Wholesale and retail trade
Finance and insurance
Real estate and rental
.
Hotels' personal and repair services (except auto)
Business services
.
Eating and drinking places
,
Health educational and social services and nonprofit organizations
25
72
470
542
153
127
75
363
227
7
662
319
7,745
82
357
361
10
248
17
94
1 174
(*)
95
105
16
14
35
63
163
1
184
135
391
1
554
460
385
1,899
13
29
300
1,236
7
1,641
493
10,021
2,492
2
10
113
1,308
2,235
188
340
1,534
496
536
698
1 030
70
971
1 231
23
219
517
11
12,726
3713
1 621
99
601
552
104
243
243
113
5
50
1
28
223
17
115
72
2
249
381
376
337
12
700
212
227
420
(*)
278
336
1
77i
3,454
16,437
37
102
189
7
9,315
7
6
142
(*)
775
731
4
3
13
20
459
15
110
37
6
16
29
17
11
127
58
47
1 275
212
394
997
47
3
637
1 120
1842
6
1,954
299
480
6
2,502
1,556
170
2
11074
111
15
119
4
643
302
(*)
119
202
210
270
182
10
78
729
66
986
65
12
34
354
86
38
24
17
476
129
408
2
88
219
38
4
10
2
269
43
134
201
24
963
479
18
58
15
1,199
315
10
9
1
422
43
1,181
803
423
3,431
49431
29
40
356
23
45
1,627
94
505
1583
365
337
140
890
179
47
1
15
55
8
158
314
869
140
64
53
901
70
21
17
61
5
54
1
240
855
206
108
89
531
89
24
1
11
28
5
20
29
956
3549
519
3,897
581
4,388
663
110
14
118
390
20
499
1 349
3 167
697
580
512
2,764
670
264
41
128
125
28
115
334
814
264
203
111
549
102
44
33
8
15
8
38
45
1731
7218
670
317
126
4,097
196
5,064
27
209
225
44
1,240
135
992
1 382
1,101
459
914
3,362
1,215
144
34
129
249
16
78
328
1 388
145
535
48
666
85
53
28
12
32
4
10
(*)
14,143
17,143
9,506
5,398
7,869
7,696
50,044
24,915
32,877
8,255
8,914
7,677
131,737
57,138
36,288
35,218
16,072
12,194
31,285
14,904
15,565
74,959
41,132
16,591
188,875
71,506
28,266
1
481
300
12
1,264
341
Rest of the world industry
Inventory valuation adjustment
Total intermediate inputs
VA Value added
T Total industry output
* Less than $500,000.
...
,
SURVEY OF CURRENT BUSINESS
January 1990
47
by Industries, 1985—Continued
at producers' prices]
Scientific
and
controlling
instruments
Optical,
ophthalmic,
and photographic
equipment
Miscellaneous
manufacturing
Transportation
and warehousing
Communications,
except radio
and TV
Radio
and TV
broadcasting
Private
electric,
gas, water,
and sanitary
services
Wholesale
and retail
trade
Finance
and
insurance
Real
estate and
rental
Hotels;
personal
and repair
services
(exc. auto)
Business
services
62
63
64
65
66
67
68
69
70
71
72
73
(*)
6
2
1
1
25
5
1
2
5
(*)
10
9
3
6
224
36
(*)
31
4
2
56
51
73
3,215
3
32
150
400
50
23
93
521
5
4
62
128
140
40
(*)
134
63
544
140
73
22
336
18
5
39
17,262
13
2
1
47
6
327
238
107
183
225
593
157
36
1,532
166
412
435
71
429
674
1
(*)
150
196
1,219
150
1,381
5
145
90
1
238
80
3
30
414
664
14
49
533
479
69
438
20
219
234
193
986
63
58
19
106
7,462
(*)
9
68
(*)
6
128
30
917
6
545
164
9
16
1,117
659
201
421
1,234
207
339
75
1,325
252
281
36
85
82
12
132
309
901
400
244
125
1,610
310
98
23
128
52
9
91
388
1,616
344
528
90
1,619
169
82
12
94
116
10
988
11
19
1 091
I'lll
3
77
52
1088
(*)'
154
11
32
2
2,509
5
530
1
69
118
68
986
21
4,024
1338
3,294
42
400
2
14
136
23,163
1
2
4
2
6
116
647
552
1,299
3
4,156
3
66
17
28
19
67
(*)
52
24
127
65
111
64
24
579
614
76
16
17
18
19
20
21
22
23
254
81
470
217
1,051
88
4,467
664
419
977
195
87
47
1
31
7
32
1
124
51
1,913
157
8,235
5,206
24
25
26
27
28
214
24
530
641
129
87
25
2
2
10
7
849
1
5
1
1,348
262
158
15
1
718
487
698
666
387
96
2,354
815
642
978
109
422
1,684
1,604
192
302
159
8636
22
3,290
3,600
9
20
74
1
4
28
1
(*)
1
15
146
59
119
19
17
5
5
3
29
68
199
228
11
56
38
2
219
219
(*)
383
770
23
1
4
40
317
69
1
81
195
1,460
15
2
181
28
476
177
23
534
238
10
9
194
18
2
92
25
(*)
82
76
72
81
430
2026
1 420
53
48
101
31,819
1,927
25
2,091
727
15
251
2,594
5,392
3,867
3,638
593
11,002
2,187
4,574
83
445
320
214
7,153
51
1,383
471
1,353
2,457
263
4,755
384
259
6
152
426
107
2,598
12
6
24
54
555
1,999
(*)
1
1
33
377
(*)
2
250
5
218
137
159
228
95
210
1,183
157
1,084
272
15
4,640
71
22
32
8
9
21
99
317
139
86
27
39
35
922
12
19
236
38
1,656
143
188
7
392
7
250
329
2,856
5,752
2
72
74
620
1,050
35
570
909
464
1,184
4,155
1,052
65,838
8,999
1,769
30,609
2,616
1,017
5
1,305
7,256
81
2,565
6,574
1,498
14,412
49,407
161
13,183
1,385
377
(*)
226
1,359
106
9
4,619
1,571
2,048
4,240
1,288
5,959
560
692
31
685
288
122
64
32
63
1,756
552
5,758
6,591
386
3,460
3,214
3,932
12,529
3,340
35,399
4,419
3,556
398
1,765
2,874
103
1,052
53
46
101
95
18
172
564
42
32
97
27
48
81
(*)
163
55
31
3,021
606
121
326
737
14,336
10,078
44,840
2,472
1,864
1,004
304
2,550
213
314
13
269
609
41
12
20,754
10,157
10,819
36,370
3,344
82,386
11,523
11,941
1,563
884
3,740
514
1,621
25
70
13
27
154
40
794
38
21
638
31
12
6
5
204
6
3
8
36
7
70
311
263
231
176
138
771
159
535
37
266
78
134
72
21
24
418
177
386
2
35
154
45
3
(*)
188
(*)
3
6
75
17
8
82
9
6
7
8
9
10
11
3
146
191
30
7
4
5
361
594
121
164
9,445
1,980
719
299
i
2
3
517
(*)
39,819
580
(*)
2
854
2
4,297
12
g
3
120
187
23
258
2
55
215
493
19
28
360
177
112
76
15,034
100
131
54
7
110
9
3
3,137
75
545
88
62
83
73
9
21
18
24
Health,
educational,
and social
services and
nonprofit
organizations
83
9
137
680
628
272
43
(*)
1,734
21
3
1,630
74
3
39
Amusements
9
1
39
14
5
121
93
2
970
23
4
83
59
5
7
350
4
408
28
39
189
21
43
110
35
17
66
70
2
25
91
133
5,685
(*)
151
91
529
963
20
10,841
32,824
103
381
287
38
1
Eating and Automobile
repair and
drinking
services
places
161
6
19
383
94
2,961
2,016
77
17
26
13
7
201
249
1
92
295
9
294
(*)
13
1
43
776
2
735
144
4
10
29
(*)
38
6
97
2
307
82
14
23
609
10,342
2
36
20
35
24
28
327
81
214
555
99
12
13
14
15
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
13
259
15
61
(*)
6
191
2,244
810
18
3
18
2,173
908
(*)
184
111
767
444
3,691
1,202
690
5,001
4,106
4,879
8,732
3,792
6,296
961
8,528
269
292
1,703
364
251
151
71
1,427
11,085
517
1,956
218
3,340
192
427
(*)
58
53
84
1,397
499
647
2,827
479
5,212
557
689
6,904
326
103
24
129
8,992
6,182
3,109
38,380
2,585
25,421
3,561
2,600
823
6,968
2,384
278
65
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
142"
82
83
84
85
13,282
15,033
13,401
9,907
15,394
11,503
106,187
132,240
27,810
79,653
9,332
13,049
128,193
127,800
250,755
474,688
143,772
167,119
119,766
512,651
34,280
61,458
108,433
289,660
88,470
83,715
44,865
48,602
25,312
25,416
156,827
256,880
VA
28,315
23,308
26,897
238,427
107,463
22^81
255,993
725,443
310,890
632,417
95,738
398,093
172,185
93,466
50,728
413,707
T
48
SURVEY OF CURRENT BUSINESS
January 1990
Table 1.—The Use of Commodities
[Millions of dollars
Commodity
number
For the distribution of output of a commodity,
read the row for that commodity
For the composition of inputs to an industry,
read the column for that industry
Industry number
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
I
VA
Livestock and livestock products
Other agricultural products
Forestry and fishery products
Agricultural forestry and fishery services
Iron and ferroalloy ores mining
Nonferrous metal ores mining
Coalmining
.
........
Crude petroleum and natural gas.
Stone and clay mining and quarrying
Chemical and fertilizer mineral mining
.
...
..
Drugs cleaning and toilet preparations
Paints and allied products
Petroleum refining and related industries
Rubber and miscellaneous plastics products .
Footwear and other leather products
Stone and clay products
Primary iron and steel manufacturing
Primary nonferrous metals manufacturing
Metal containers
Heating plumbing and fabricated structural metal products
Screw machine products and stampings
Other fabricated metal products
Engines and turbines
Farm and garden machinery
Construction and mining machinery
Aircraft and parts
Scientific and controlling instruments
Optical ophthalmic and Dhotosraohic equipment
Miscellaneous manufacturing
Transportation and warehousing
Communications except radio and TV .
Wholesale and retail trade
Finance and insurance
Real estate and rental
..
Business services
Eating and drinking places
Automobile repair and services.
Amusements
.
Health, educational, and social services and nonprofit organizations
Federal Government enterprises
.
State and local government enterprises
Noncomparable imports
Scrap used and secondhand goods
T Total industry output
* Less than $500,000.
Government
industry
Rest of the
world industry
Household
industry
Inventory
valuation
adjustment
78
79
82
83
84
85
6
2,305
29
2
30
1,643
1,160
111
(*)
2,170
13,369
1
2
18
6
4
210
4
23
7
126
46
591
15
57
1
134
686
70
2
843
57
1
40
3
2
2
11
36
1
2,604
89
5
82
22
14
2
10
14
56
152
1
2
4
6
Metalworkine machinery and eauioment
Special industry machinery and equipment
•General industrial machinery equipment
Miscellaneous machineiy except electrical
Office computing and accounting machines
Service industry machines
Electric industrial equipment and apparatus
Household appliances
Electric lighting and wiring equipment
Radio, TV, and communication equipment
Electronic components and accessories
Value added
State and local
government
enterprises
;
2
3
152
(*)
75,041
2,113
112,800
3,612
34,277
8,383
11,857
7,572
50,674
559
774
1,812
58,878
21,581
38,768
89,834
33,866
17,613
10,024
104,464
62,561
1,843
1,055
12,664
39,120
72,046
51,489
12,063
34,303
29,860
39,617
9,389
2,342
2,787
2,782
.8,307
3,269
17,527
15,500
12,275
11,205
18,534
2,977
13,729
13,248
43,594
8,210
64,413
15,924
3,996
9,119
7,815
7,741
141,225
47,087
552
189,833
196,498
139,134
219,610
25,444
381,427
42,695
40,512
16,994
17,452
27,063
3,186
30,174
5,894
•
23
20
32
12
21
1
12
42
15
3
18
96
10
315
1
14
630
55
109
7
23
37
127
29
6
28
148
5,181
333
136
12
29
65
835
169
1,010
746
153
1,614
173
1,897
197
516
66
40
823
41
1,139
13,308
854
248
587
144
1,259
430
127
1
65
152
11
Total intermediate
use
72,009
52,139
8,091
17,819
2,941
2,762
22,515
150,784
7,506
2,165
4
16
Food and kindred products
Tobacco manufactures
Broad and narrow fabrics yarn and thread mills
Miscellaneous textile goods and floor coverings
Apparel
Miscellaneous fabricated textile products..
Lumber and wood products, except containers
Wood containers .
Household furniture
Other furniture and fixtures
Paper and allied products except containers
Paperboard containers and boxes
Printing and publishing
Chemicals and selected chemical products
Rest of the world industry
Household industry
Inventory valuation adjustment
Federal
Government
enterprises
2
23,521
22,190
38,399
19,488
406,738
39,739
9,389
-2,412
45,710
57,887
406,738
39,739
9,389
-2,412
3,199,318
SURVEY OF CURRENT BUSINESS
January 1990
49
by Industries, 1985—Continued
at producers' prices]
Federal Government purchases
Personal
consumption
expenditures
Gross private
fixed
investment
Change in
business
inventories
Exports
91
92
93
94
2,594
14,030
3,565
1,063
-1,935
•^96
-12
•
529
276"
387
16
2
1,012
183,034
19,173
832
3,536
58,785
6,792
865
15,377
1,258
11,436
303
22,471
2,171
36,587
388
67,477
10,202
11,920
1,135
1,907
8
54
591
1,190
3,014
1,194
201
511"
219
289
2,030
828
158
10,580
2,055
16,392
1,732
4,154
85,302
79
11,646
3,532
4,103
23,931
62,382
48,779
1,103
99,563
434,613
154,432
388,266
67,201
43,039
135,643
52,056
31,410
386,613
5,784
11,495
25,446
24,837
297,601
17,056
72
1,566'
15
1,293
11,475
769
94
2l"
89
29
3,844
'£489'
1,679
8,070
10,693
4,743
13,229
12,161
9,015
54
36,181
6,329
10,871
2,530
228
33,396
154
4,376
64,314
7,073
6,712
11,903
9,441
2,445
3,594
4,178
46,718
-213
-36
36
544
122
-66
665
2,698
-513
-299
399
-171
291
570
—2
-545
24
46
25
59
-299
-183
1,278
72
377
-473
-15
426
122
586
-1,442
-826
6
664
173
385
-157
51
-431
83
397
47
3
164
-1,090
197
-32
240
376
1,712
-257
-194
7,171
447
-816
362
18
25
683
2,013
16,900
57
431
-33,460
503
1,083
-23,474
9,389
Imports
Total
463
15,278
484
52
477
196
3,664
2,108
295
159
16
63
137
10,557
2,513
999
585
797
497
2,595
5
236
335
3,530
208
1,367
14,649
4,091
3,256
258
9,815
2,986
296
225
691
1,100
1,247
2,785
131
937
1,818
2,088
3,352
1,342
6,265
480
1,930
2,119
1,456
1,121
15,048
1,090
3,573
914
1,043
4,933
6,722
2,004
19,588
15,038
1,155
4,143
2,848
1,892
20,759
1,731
Nondefense
96
95
-725
-2,525
-2,774
-6
-572
-787
-78
-31,249
-536
-452
-383
-15,647
-339
-2,574
-896
-18,794
-1,065
-5,194
-14
-1,959
-1,549
-7,621
-81
-1,113
-10,736
-1,612
-4,671
-95
-21,192
-6,332
-406
-7,061
-1,411
-3,406
-11,042
-5,989
-280
-827
-1,707
-4,789
-2,596
-1,666
-2,628
-912
-3,654
-3,652
-4,644
-15
-11,081
-968
-3,119
-2,520
-2,360
-19,476
-9,991
-2,843
-60,432
-4,489
-2,992
-4,010
-4,923
-12,275
-2,434
98
99
31
24
794
70
36
8
76
137
199
75
561
2,517
114
520
1
5,109
663
1
32
29
95
246
642
99
1,320
158
872
1,565
33
220
253
-92
127
801
705
4,101
107
1,645
56
115
22,267
1,612
341
2,234
36,112
7,540
1,663
1,707
188
6,932
2,397
23
4
794
50
30
5
14
36
56
50
318
1,855
109
316
1
4,595
544
1
34
17
52
205
346
99
1,249
115
626
1,520
28
193
236
-125
102
768
652
2,874
89
1,388
49
85
21,011
1,126
253
1,872
34,982
7,485
1,184
1,001
100
6,054
1,679
8
21
72
43
247
45
5
27
17
33
25
33
53
1,227
18
257
7
30
1,256
486
88
362
1,131
55
479
706
88
878
718
2,235
6,273
18
964
950
11,907
259
115
304
750
238
96
6,773
-247
99,532
-111
2,655
786
922
1,921
324
8,827
98
56
46
6,643
77
53
1,175
1,852
38,422
-697
11,457
6,644
7,114
7,372
1,090
13,979
-4,479
1,422
347
1,213
998
171
30
1,759
268,784
5,003
2,580
380
915
-914
4,849
-6,074
313
289
-1,486
92
90
25
315
147,273
6,454
4,064
6,734
6,457
2,004
9,130
1,595
1,109
59
2,699
907
82
5
1,444
121,511
259,140
96,036
465*575
199,322
266,254
113,993
-49,972
375,346
-450,714
355,176
-67
4
11,020
-808
124
Other
7,153
1,976
1,111
204
-64,532
-973
-133
97
2
Education
6,112
7,642
18,936
179
2,891
-4,015
12,158
-1,015
Total
Total final
demand
6
11,020
-808
134
-7
-12
82
1,181
-2
-1
13,266
9,618
20,047
383
4,890
7,059
940
2,884
1,274
20,734
357
170
351
7,393
315
149
7,948
1,605
137,955
-808
250
21,810
7,730
6,950
75
4,548
162
5
1,665
560
174
1
National
defense
State and local government purchases
10
-7
-12
77
3
-2
(*)
118
842
-222
894
52
378
9
346
237
104
133
6,765
8,740
-93
205
46,576
17,007
104
2,603
66
464
-231
547
1,179
20'
6
3
62
100
143
25
243
662
5
204
(*)
514
119
(*)
12
43
42
296
-93
205
53,341
25,747
104
6,898
4,296
&
51
8
764
424
148
15
67
99
75
43
749
357
49
145
1,674
2,487
223
7,337
2,082
5
3,411
253
9,535
1,319
101
971
1,043
84
4,137
680
4
444
203
3,928
278
45
703
1,444
139
3,201
1,402
1
2,967
51
5,607
1,040
82
667
195
55
43
50
179
76
9
2
48
82
488
119
46
41
3
334
349
256
198
915
7
150
65
123
82
941
652
287
194
371
694
133
344
4,654
16
1,061 '
1,471
1,896
1,792
8,252
3,291
248
167
47
3
88
63
38
559
485
120
77
264
476
44
41
1,242
63"
137
850
1,068
4,856
1,620
86
182
256
151
915
4
62
3
123
44
382
168
167
117
107
217
89
302
3,413
16
998
1,334
1,047
724
3,396
1,672
-2,412
521
38,150
233
2,136
-314
-111
4,217
-27,030
-198
-153
364,224
52,484
21,653
187,924
20,833
-883
5,263
42,175
7,010
-963
-2
14,624
13,353
10,077
753
30,683
11,153
2,415
40,380
876
71,121
8,459
-124
5,623
1,232
476
-10,907
-3,202
36
6,529
1,965
4,409
5,293
8,229
15,034
4,654
12,469
11,086
6,753
2,400
46,130
8,234
13,384
11,994
1,828
59,917
104
8,180
122,831
54,275
24,305
19,064
15,091
17,998
100,168
60,376
1,103
112,145
531,016
169,201
422,372
69,639
82,167
131,683
53,654
33,763
395,779
7,271
11,817
-30,174
-2,258
406,738
39,739
9,389
-2,412
Total
commodity
output
72,530
90,288
8,325
19,956
2,627
2,651
26,732
123,754
7,308
2,012
364,224
127,525
23,766
300,724
24,445
33,394
13,646
54,031
14,582
49,711
557
15,398
15,165
68,955
22,334
69,451
100,988
• 36,281
57,993
10,900
175,585
71,020
1,719
6,679
13,895
39,597
61,139
48,287
12,098
40,833
31,825
44,027
14,682
10,571
17,821
7,436
20,776
14,355
24,280
17,900
58,405
19,439
31,919
14,971
15,557
73,165
43,698
16,390
187,244
70,200
28,301
28,183
22,906
25,738
241,393
107,463
1,655
301,977
727,513
308,335
641,982
95,084
463,594
174,379
94,165
50,757
413,231
34,334
15,002
3,636
406,738
39,739
9,389
-2,412
3,999,528
2,610,576
631,283
12,286
£•
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
VA
7,198,845
T
50
SURVEY OF CURRENT BUSINESS
January 1990
Table 2.—The Make of Commodities
[Millions of dollars
1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
82
83
84
85
For the distribution of industries producing a commodity,
read the column for that commodity
For the distribution of commodities produced by an industry,
read the row for that industry
Commodity number
Nonferrous
metal
ores
mining
Coal
mining
Crude
petroleum
and natural
gas
Stone and
clay
mining and
quarrying
Chemical
and fertilizer
mineral
mining
3
4
5
6
7
8
9
10
131
1,112
7,081
1,228
2,049
2,489
132
11
2,626
8
products
1
2
90,288
Forestry and fishery products
Iron and
ferroalloy
ores
mining
Other
agricultural
products
72,522
Livestock and livestock products
Agricultural,
forestry,
and
fishery
services
Livestock
and
livestock
products
.
Forestry
and
fishery
16,597
Iron and ferroalloy ores mining
Nonferrous metal ores mining
,
6
Chemical and fertilizer mineral minine
1
4
4
26,720
3
5
(*)
123,492
2
(*)
4
15
1
6,877
6
if
1,964
Repair and maintenance construction
Food and kindred products
Tobacco manufactures
.
Broad and narrow fabrics yarn and thread mills
Miscellaneous textile goods and floor coverings
8
•
.
Miscellaneous fabricated textile products
Lumber and wood products except containers
Wood containers
.
Other furniture and fixtures
Paper and allied products except containers
.
Printing and publishing
'
Chemicals and selected chemical products
Plastics and synthetic materials
Drugs cleaning and toilet preparations
46"
75
2
84
3
Rubber and miscellaneous plastics products.....
Leather tanning and finishing
312
6
Primary iron and steel manufacturing
(*)
Heating plumbing and fabricated structural metal products
Other fabricated metal products
Farm and garden machinery
Construction and mining machinery
Materials handling machinery and equipment
Metalworking machinery and equipment
Special industry machinery and equipment
Miscellaneous machinery exceot electrical
Office computing and accounting machines
Service industry machines
Electric industrial equipment and apparatus
Household appliances
Electric lighting and wiring equipment
.
Radio TV and communication equipment
.
Electronic components and accessories
Miscellaneous electrical machinery and supplies
Motor vehicles and equipment
Other transportation equipment
.
.. «
•
•
Optical ophthalmic and photographic equipment
Miscellaneous manufacturing
Transportation and warehousing
. . . .
.
81
Radio and television broadcasting
...
Private electric gas water and sanitary services
Wholesale and retail trade
Real estate and rental
184
.
Automobile repair and services
. .
Amusements
Health educational and social services and nonprofit organizations
Federal Government enterprises
..
.
State and local government enterprises
.. .
Rest of the world industry
Household industry
Inventory valuation adjustment
T Total commodity output
" Less than $500,000.
,
.
.
. .
72,530
90,288
8325
19,956
2,627
2,651
26,732
123,754
7^08
2,012
51
SURVEY OF CURRENT BUSINESS
January 1990
by Industries, 1985
at producers' prices]
New
construction
11
Repair and Ordnance Food and
maintenance
and
kindred
construction accessories products
12
14
13
Tobacco
manufactures
Broad and Miscelnarrow
laneous
fabrics,
textile
yarn and
goods
and floor
thread
coverings
mill
16
15
Apparel
18
17
Miscellaneous
fabricated
textile
products
Lumber
and wood
products,
except
containers
Wood
containers
19
20
21
4281
Paper
and allied
products,
except
containers
Other
furniture
and
Household
furniture
fixtures
22
24
23
Chemicals
Paperboard Printing and and
selected
containers
publishing
chemical
and boxes
products
25
26
*-*
27
212
702
99
1
706
(*)
364224
127,525
22010
1
13
1
32685
241
1,207
146
179
153
2
12621
310
11
1
11
16
199
3
36
294 961
6
(*)
2
3
24392
8
(*)
14
(*)
7
51
50
4
4
336
15
324
3
140
5
47
52
1
53
27
3
230
137
28
54
7
40
79
36
44
8
44
5*5
8
9
7
<;
11
1
3
51
(*)
28
3
1
16
4
2
16
5
96
31
36
4
23
2
8
5
23
7
8
5
2
54
230
12,559
26
7
49
18
22
42
503
53
60
504
52
27
2
13
41
2
1
5
53495
1
1
2
3
2
20
60
8
48760
52
64
71
112
2
13
2
49
499
(*)
37
58
10
36
2
6
44
1
36
15059
45
j
2
25
1
7
4
46
30
10
4
4
62
4
33
3
11
1
32
53
1
(*)
4
19
6
28
4
7
1
1
9
2
1
9
1
25
7
5
4
31
34
2
13
7
13
9
1
103
28
47
5
6
3
3
2
11
(*)
6
2
29
2
1
74
5
105
69
21
86
69
12
8
9
66691
14
111
558
152
7
16
2
21
180
(*)
4
13
7
8
14499
17
2
1
2
7
6
11
3
14
1
2
3
30
11
59
5
5
9
3
4
7
(*)
56
8
5
34
4
3
114
24
20
24
9
8
114
13
28
11
18
3
218
14
17
388
21
15
g
2
12
3
16
(*)
61
95
7
417
57
2
318
21 814
70
68094
g
80
80066
2384
1 809
6
5
41
10
15
76
30
102
140
12287
52
457
4
4
(*)
16
107
301
366
12
113
7
22
269
3
3
89
25
2
5
3
34
4
4
12
20
18
7
15
23
56
35
21
39
51
30
11
g
17
26
47
4
76
1
16
20
60
82
67
28
27
36
(*)
10
11
3
56
7
31
65
124
184
189
306
•
364,224
127,525
23,766
300,724
24,445
33^94
13,646
54,031
14,582
49,711
557
15398
15,165
68,955
22,334
69,451
i
90
100,988
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
82
83
84
85
T
SURVEY OF CURRENT BUSINESS
52
January 1990
Table 2.—The Make of Commodities
[Millions of dollars
1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
82
83
84
85
For the distribution of industries producing a commodity,
read the column for that commodity
For the distribution of commodities produced by an industry,
read the row for that industry
Commodity number
Livestock and livestock products
Other agricultural products
»
Forestry and fishery products
Agricultural, forestry and fishery services
Iron and ferroalloy ores mining .... .
Nonferrous metal ores mining
Coal mining .
.
Stone and clay mining and quarrying
Chemical and fertilizer mineral mining . . . .
New construction
Repair and maintenance construction
Ordnance and accessories
.
Food and kindred products
Tobacco manufactures
Broad and narrow fabrics yarn and thread mills
Miscellaneous textile goods and floor coverings
.
.
Plastics
and
synthetic
materials
Drugs,
cleaning
and toilet
preparations
Paints and
allied
products
Petroleum
refining and
related
industries
Rubber and
miscellaneous
plastics
products
Leather
tanning
and
finishing
Footwear
and other
leather
products
Glass and
glass
products
Stone and
clay
products
28
29
30
31
32
33
34
35
36
,.
.»
..
4,973
58
.
,
.
6
370
2,000
55
3
2
(*)
10
5
5
2
5
15
1
6
1
. . . .
Household furniture
Paper and allied products except containers
Paperboard containers and boxes
Printing and publishing
Chemicals and selected chemical products
Plastics and synthetic materials
Drugs cleaning and toilet preparations
10
31
.....
.
.
Petroleum refining and related industries
Rubber and miscellaneous plastics products
Leather tanning and finishing
Footwear and other leather products
Glass and glass products
.
Primarv iron and steel manufacturing
Primary nonferrous metals manufacturing
Metalcontainers
Heating plumbing and fabricated structural metal products
Screw machine products and stampings
Other fabricated metal products
17
7
4
3,990
28,993
234
175
171
379
1,285
114
55,278
8
114
94
186
62
60
10,397
27
17
1
21
101
18
1
6
23
102
7
2
43
1
1,481
90
3
168,644
8
1
1
26
24
.
21
Farm and garden machinery
Construction and mining machinery
Metalworking machinery and equipment
Special industry machinery and equipment
General industrial machinery equipment
Miscellaneous machinery except electrical
Office computing and accounting machines
Service industry machines .
. ..
5
.
.
.
.
. ...
.
4
23
7
3
1
3
2
12
18
Household appliances
1
16
Radio TV, and communication equipment
Electronic components and accessories
Miscellaneous electrical machinery and supplies
Motor vehicles and equipment
Aircraft and parts
Other transportation equipment
.
Scientific and controlling instruments
14
12
42"
34
.
470
18
68
8
2
Real estate and rental
Hotels' personal and repair services (except auto)
Business services
Eating and drinking places
Automobile repair and services
Amusements
* Less than $500,000.
2
67
105
9
33
75
4
36
46
454
227
40
68
868
61
8
36
66,916
3
21
55
167
6
100
27
118
73
209
9
10
22
2
42
18
94
9
70
17
52
30
20
48
54
16
11
125
4
59
148
214
(*)
(*)
2
1
43
4
5
82
6
13
(*)
6
1
74
2
6
24
1
2
40
5
1
1,712
1
(*)
2
39
12
6,528
6
9
(*)
13,415
66
4
114
6
61
1
1
115
13
15
11
96
103
2
8
38,506
10
74
38
6
29
3
13
5
22
3
16
(*)
4
29
2
4
1
23
5
1
8
(*)
11
(*)
67
(*)
(*)
8
11
17
5
61
14
12"
26
184
Private electric gas water and sanitary services
Wholesale and retail trade
.
T Total commodity output
i'i"
5
Miscellaneous manufacturing
Transportation and warehousing
5
113
...
Miscellaneous fabricated textile products
Lumber and wood products except containers
Federal Government enterprises
State and local government enterprises
Government industry
Rest of the world industry
Household industry
Inventory valuation adjustment
133
32
«
.
•
.<
,
35
.
36,281
57,993
10,900
175,585
71,020
1,719
6,679
13,895
39,597
January 1990
SURVEY OF CURRENT BUSINESS
53
by Industries, 1985—Continued
at producers' prices]
Primary
iron and
steel
manufacturing
Primary
nonferrous
metals
manufacturing
Metal
containers
Heating,
plumbing,
and
fabricated
structural
metal
products
Screw
machine
products
and
stampings
Other
fabricated
metal
products
Engines
and
turbines
Farm and
garden
machinery
Construction and
mining
machinery
Materials
handling
machinery
and
equipment
Metalworking
machinery
and
equipment
Special
industry
machinery
and
equipment
General
industrial
machinery
and
equipment
Miscellaneous
machinery,
except
electrical
Office,
computing,
and
accounting
machines
Service
industry
machines
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
1
j
2
3
4
5
6
7
g
9
10
11
12
16
16
3
1
25
177
g
53
36
31
5
1
1
4
10
5
13
5
4
16
14
63
1
3
24
28
7
6
7
18
16
1
34
69
5
22
3
5
59352
344
398
15
46371
11,831
67
113
10
70
278
7
58
105
3
44
6
86
82
13
1
69
25
55
27
2
7
24
7
6
66
30
17
51
14
16
21
362
48
10
1
7
61
89
3"
5
8
96
130 • •
33
349
14
204
7
3
22
1
21
6
1
i
4
2
3
18
16
1
16
52
165
102
23
1
5
1
136
16
25
94
7
23
51
1
1,566
308
14
257
28
29,401
175
15
185
38,629
25
31
36
12935
24
7
12
76
249
17
62
313
8
45
15
41
16
58
9
7
137
49
394
62
132
86
41
10
13
157
62
140
107
36
27
41
1
99
55
4
38
4
181
101
98
1,179
105
7
284
172
30
284
449
80
38
5
18
21
11
28
111
12
68
23
20
77
138
31
6
14
21
162
36
76
126
31
46
100
20
2
(*)
7
2
2
33
38,404
119
159
97
2
i
12
76
1
37
15
166
28
94
112
23
11
54
56
92
26
2
40
31
3
5
1
2
102
13
16
23
3
4
30
1
2
36
23
31
2
10,051
1
7
9
4
3
12
17
16
8
169
29
13
(*)
1
4
12
4
30
80
63
1
5
19
6
16
22
1
114
36
67
160
88
12
61
g
42
20
50
18,430
111
83
134
20
18
51
94
13,027
136
45
14
17
13
9
8
6
88
17
34
127
86
58
4
13
7
1
1
19
13
45
12
1
5
49
97
1
80
60
9
202
70
37
17
7
22
1
10
g
19
1
32
19
29
30
1
5
26
17
21
11
47
25
158
15
40
27
286
22
1
15
120
21
13
4
3
14
42
120
139
10
32
439
267
47
32
16
66
10
7
g
10
50
16
50
49
13
24
8
(*)
3
32
64
6,650
27
46
35
13
20
22
26
1
2
4
19
19
54
12
45
4
2
12
6
29
308
8
20
5
14
16,877
5
5
19
1
16
122
6
18
71
11
11
23
4
7
79
14
42
193
77
4
16
10
71
153
21,827
142
94
131
99
26
9
85
17,309
10
11
5
84
6
16
j
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
109
34
35
36
37
38
39
40
26
22
19
24
38
22
41
42
43
25
10
13
3
44
45
46
30
101
95
6
54,263
31
149
20
52
156
21
4
18,265
38
47
48
49
50
51
52
53
109
7
19
67
17
5
7
23
13
56
46
12
54
55
56
57
58
34
82
10
114
177
47
54
18
4
75
356
216
87
11
15
28
9
95
46
23
12
18
5
59
60
61
105
175
7
17
62
63
45
565
1 740
249
1
13
1
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
82
83
84
85
61,139
48,287
12,098
40,833
31,825
44,027
14,682
10,571
17,821
7,436
20,776
14,355
24,280
17,900
58,405
19,439
T
54
SURVEY OF CURRENT BUSINESS
January 1990
Table 2.-—The Make of Commodities
[Millions of dollars
1
For the distribution of industries producing a commodity,
read the column for that commodity
For the distribution of commodities produced by an industry,
read the row for that industry
Commodity number
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
82
83
84
85
Livestock and livestock products
Other agricultural products
Forestry and fishery products
Agricultural, forestry, and fishery services ...
Iron and ferroalloy ores mining
Nonferrous metal ores mining ..
..
Coal mining
.
..
Crude petroleum and natural gas
Stone and clay mining and quarrying
Chemical and fertilizer mineral mining
New construction
Repair and maintenance construction
Electric
industrial
equipment
and
apparatus
Household
appliances
Electric
lighting and
wiring
equipment
Radio, TV,
and
communication
equipment
Electronic
components
and
accessories
Miscellaneous
electrical
machinery
and
supplies
Motor
vehicles
and
equipment
Aircraft
and parts
Other transportation
equipment
53
54
55
56
57
58
59
60
61
::::::n::::i:
«
,
,
57
Food and kindred products
Tobacco manufactures
Broad and narrow fabrics, yarn and thread mills
Miscellaneous textile goods and floor coverings
Apparel
..
Miscellaneous fabricated textile products
Lumber and wood products, except containers
Wood containers
.
..
.
..
Household furniture
Other furniture and fixtures..
Paper and allied products except containers ,
Paperboard containers and boxes
Printing and publishing .
Chemicals and selected chemical products
Plastics and synthetic materials ..
Drugs, cleaning and toilet preparations
Paints and allied products
Petroleum refining and related industries
Rubber and miscellaneous plastics products
Leather tanning and finishing .
Footwear and other leather products
Glass and glass products ...
Stone and clay products
.
Primary iron and steel manufacturing .
Primary nonferrous metals manufacturing
Metal containers
.
Heating plumbing and fabricated structural metal products
Screw machine products and stampings
3
6
2
54
3
,
2
,
1
21
147
1,507
304
11
3
4
2
8
16
2
14
4
10
7
11
43
302"
4
5
7
8
11
19
2
160
55
5
3
4
54
37
9
1
17
18
33
5
3
25
31
13
•
•
66
31
9
,
,
,
Special industry machinery and equipment
General industrial machinery equipment
Miscellaneous machinery except electrical
Office computing and accounting machines
Service industry machines
..
...
Scientific and controlling instruments
Optical ophthalmic and photographic equipment
Miscellaneous manufacturing
Transportation and warehousing
Radio and television broadcasting
Private electric gas water and sanitary services
Wholesale and retail trade
3
1
1
1,484
,
Construction and mining machinery
Miscellaneous electrical machinery and supplies
Motor vehicles and equipment
Aircraft and parts
..
..
1
1
Engines and turbines
Household aooliances
Electric lighting and wiring equipment
Radio TV and communication equipment
1
4
5
18
15
47
15
59
50
89
511
3
42
12
39
11
87
16
141
15
29,058
47
169
481
123
140
251
87
106
195
21
1
95
166
25
13
11
3
14
44
96
26
2
30
31
46
13
66
20
31
8
6
9
4
39
9
32
19
177
10
14,212
84
141
52
143
76
3
56
134
14
30
18
9
31
8
12
7
13
10
124
19
187
45
126
69,490
366
53
5
404
3
285
142
31
14,971
15,557
73,165
5
8
49
14
30
336
27
13,877
16
8
2
130
2
9
5
36
25
34
56
10
29
35
47
31
24
4
35
7
84
22
2,030
16
566
1
2
5
44
58
32
40
28
54
13
77
15,205
490
84
3
1
28
12
217
171
13
125
75
52
180
34
147
68
89
26
193
398
18l"
16
162
129
16
45
20
5
605
52
32
119
87
29
339
183,444
67
242
95
12
5
43,698
16,390
187,244
232
1,547
37,806
98
1
25
19
48
25
45
73
22
4
8
39
2
37
61
90
17
26
5
3
4
61
36
24
7
89
30
13
2
25
39
3
22
5
6
5
8
112
39
25
193
67,544
34
50
59
13
126
114
27,285
10
70,200
28,301
21
.
.
...
Real estate and rental
Hotels' personal and repair services (except auto)
Amusements
Health educational and social services and nonprofit organizations
Federal Government enterprises
State and local government enterprises
*
Government industry
Rest of the world industry
Household industry
.
T Total commodity output
* Less than $500,000.
31,919
January 1990
SURVEY OF CURRENT BUSINESS
55
by Industries, 1985—Continued
at producers' prices]
Scientific
and
controlling
instruments
Optical,
ophthalmic,
and photographic
equipment
Miscellaneous
manufacturing
Transportation
and warehousing
Communications,
except radio
and TV
Radio
and TV
broadcasting
Private
electric,
gas, water,
and sanitary
services
Wholesale
and retail
trade
62
63
64
65
66
67
68
69
Finance
and
insurance
70
Real
estate and
rental
71
Hotels;
personal
and repair
services
(exc. auto)
Business
services
72
73
Eating and Automobile
re pair and
drinking
places
services
74
Amusements
76
75
Health,
educational,
and social
services and
nonprofit
organizations
5
77
135
238
20
6,229
16
13
43
6
24
13
14
27
35
49
14
5
91
11
125
16
124
38
366
30
64
14
3
30
32
2
2
10
15
13
43
22
250
25
6
42
10
53
41
69
14
268
37
234
28
24
283
85
37
109
202
9
25,364
210
77
2
19
9Q
3
1
16
14
44
26
17
1
1
(*)
29
18
216
(*)
116
63
6
2
18
52
43235
52
2
3
139
2
13
11
24
1
47
3
2
1
3
77
4
3
5
20
42
70
5
9
1
8
16
10
147
40
13
172
46
10
4
2
315
21,519
1
12
5
6
3
25
17
1
14
18
20
61
1
36
66
4
60
32
24,318
(*)
11
2
. •• .
2
1
234,295
3,595
1292
195
133
107,463
1,655
20726
255,189
725443
308 249
1 261
632 417
598
2,733
1 381
95042
42
99
395 318
•
172 185
93466
21
7,057
28,183
22,906
25,738
241,393
107,463
1,655
7,728
29,160
1,124
946
32
54
124
4,718
301,977
727,513
308,335
641,982
752
477
49976
413 230
2 194
95,084
463,594
174,379
699
63
345
94,165
50,757
c
|
413,230
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
82
83
84
85
T
56
SURVEY OF CURRENT BUSINESS
January 1990
Table 2.—The Make of Commodities by Industries, 1985—Continued
[Millions of dollars at producers' prices]
For the distribution of industries producing a commodity,
read the column for that commodity
1
For the distribution of commodities produced by an industry,
read the row for that industry
3
Commodity number
Federal
Government
enterprises
State and
local
government
enterprises
Scrap and
used goods
Government
industry
Rest of the
world
industry
Household
industry
Inventory
valuation
adjustment
78
79
81
82
83
84
85
1 Livestock and livestock products
2
3
4
5
6
7
g
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
82
83
84
85
Other agricultural products
-2,412
78297
94,622
7,081
16,597
2,500
2,768
26743
134,812
7,084
2,713
364,224
127,525
26,498
296,099
24428
36871
13287
54 106
13037
49445
576
15628
14,977
69,718
22,379
112574
89 103
33,012
58203
10754
181,594
70,010
1,738
6,654
13,717
40,105
62,835
48,545
12,340
40548
31 331
41 860
14404
11 082
18647
7 199
19608
14263
24199
18593
583^4
20008
31,285
14,904
15,565
74,959
41,132
16591
188 875
71,506
28266
28315
23308
26897
238,427
107 463
22,381
255 993
725443
310890
632417
95,738
398,093
172,185
93466
50728
413707
45710
57 887
406 7^8
39739
9389
-2,412
-2,412
7,198,845
.
Iron and ferroalloy ores mining
Nonferrous metal ores mining
Crude petroleum and natural gas
Stone and clay mining and quarrying
Ordnance and accessories
Food and kindred products
Miscellaneous textile goods and floor coverings
Apparel
Miscellaneous fabricated textile products
Lumber and wood products except containers
Wood containers
.
.
...
Household furniture ...
.
..
...
1
...
.
.. .
4
1
(*)
6
5
(*)
42
7
4
2
.
Paperboard containers and boxes
Printing and publishing
Chemicals and selected chemical products
Plastics and synthetic materials
.. .
Drugs cleaning and toilet preparations
Paints and allied products
Leather tanning and finishing
Footwear and other leather products
Glass and glass products
.. .
Stone and clay products
Primary iron and steel manufacturing
Primary nonferrous metals manufacturing
Metal containers
•
....
.. .
Heating plumbing and fabricated structural metal
Screw machine products and stampings
.
Other fabricated metal products
Engines and turbines
Farm and garden machinery .
...
Construction and mining machinery .
.
Materials handling machinery and equipment
Metalworking machinery and equipment
Special industry machinery and equipment
General industrial machinery equipment
Miscellaneous machinery except electrical .
Office computing and accounting machines
Service industry machines
.
Electric industrial equipment and apparatus ... .
Household appliances
Electric lighting and wiring equipment
Radio, TV, and communication equipment
Electronic components and accessories
466
,
:
.
.
....
,
....
products
.
4
,
...
5
16
1
32
(*)
37
221
1
149
49
55
241
30
4
389
6
36
5
(*)
988
24
11
13
202
15
241
157
40
128
.... .
..
.
.
......
.....
.
.
,
,
Motor vehicles and eauioment
Other transportation equipment
Optical ophthalmic and photographic equipment
Miscellaneous manufacturing
.
.
.
....
Communications except radio and TV
Radio and television broadcasting
129
Wholesale and retail trade
Finance and insurance
Real estate and rental .
.....
.. ...
Hotels; personal and repair services (except auto)
Business services
Eating and drinking places
Automobile repair and services
Amusements
Health educational and social services and nonprofit organizations
Federal Government enterprises
State and local government enterprises
Government industry
Rest of the world industry
Household industry
Inventory valuation adjustment
T Total commodity output
* Less than $500,000.
.
,
,
,
...
34334
14,873
406 738
39739
9389
34,334
15,002
3,636
406,738
39,739
9389
Total industry
output
CURRENT BUSINESS STATISTICS
The statistics here update series published in BUSINESS STATISTICS: 1986, a statistical supplement to the SURVEY OF CURRENT BUSINESS. That volume
(available from the Superintendent of Documents for $16.00, stock no. 003-010-00181-0) provides a description of each series, references to sources of
earlier figures, and historical data as follows: For all series, monthly or quarterly, 1983 through 1986, annually, 1961-86; for selected series, monthly or
quarterly, 1961-86 (where available).
The sources of the series are given in BUSINESS STATISTICS: 1986; they appear in the main methodological note for each series, and are also listed
alphabetically on pages 145-146. Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources
are provided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated in footnotes below,
data through 1986 and methodological
notes are as shown in BUSINESS STATISTICS:
1986
n
1988
Annual
..
1987
1988
Nov.
1989
Dec.
Jan.
Feb.
Mar.
Apr.
Nov.
Oct.
May
June
July
Aug.
Sept.
43963
4417 5
44437
44569
4467 1
r
r
Dec.
GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE t
Seasonally adjusted, at annual rates:
Total personal income .
bil $
Wage and salary disbursements,
total
do
Commodity-producing industries,
total
do
Manufacturing
do
Distributive industries
do
Service industries
do
Govt. and govt. enterprises
do....
Other labor income
do....
Proprietors' income: $
Nonfarm
Rental income of persons with capital
consumption adjustment
Dividends
Personal interest income
Transfer payments
Less: Personal contributions for
social insurance
Total nonfarm income
3777 6
4064 5
4 1689
42063
4273 1
4319 5
43607
4387 1
4 505 5 r4 548 0
r
45692
22494
24290
2501 6
25167
25454
2557 3
25794
2601 3
2603 5
2 621 7
26447
2651 0
26684
6499
4903
5319
6483
419.2
212.8
6963
5240
5719
7144
446.5
228.9
7137
5372
5860
7455
456.4
236.5
7140
5364
5906
7536
458.5
238.2
7206
541 4
5973
7628
464.6
239.7
7243
5440
5981
7679
467.0
241.3
7348
553 5
6010
7745
469.2
242.9
7325
5486
6100
7875
471.2
244.4
7326
5490
6091
7883
473.6
246.0
736 1
5520
613 3
7966
475.7
247.5
7392
5534
6202
8073
478.0
249.1
7442
5569
6156
8109
480.2
250.7
744 6
5568
6225
8189
482.4
252.2
do ....
41 6
270.0
398
288.0
19 5
295.7
294
297.4
480
299.6
659
300.6
630
3008
564
304.6
543
303.5
432
3046
388
306.3
365
308.0
329
307.4
r
bil. $..
do
do
do
13.4
920
5232
5482
15.7
1022
571 1
5847
16.1
1065
5986
593 5
16.0
1069
6064
5956
13.8
1084
616 5
6107
11.8
1094
6289
614 2
9.9
1103
641 5
624 2
9.8
111 0
6484
6239
9.8
111 4
6552
625 5
9.7
111 8
661 8
630 9
9.3
1128
6650
6326
8.4
113 3
667 9
6364
-1.6
1136
6704
6402
r
1729
37147
1949
40037
199 1
4 128 4
200 1
4 155 9
2090
4 204 0
2098
4 232 4
2126
211 3
4 276 5 4 309 4
2127
4 320 5
2138
4 352 6
2152
2148
4 383 1 43986
2163
4 412 4
3 777 6
40645
4 1689
42063
4273 1
43195
43607
4387 1
43963
4417 5
44437
44569
4467 1
r
4 505 5 r4 548 0
45692
571 7
3,205.9
31041
30108
421 0
9981
1 591 7
5866
3,477.8
33331
32351
4552
1 0523
1 727 6
5963
3,572.6
3421 9
3 321 8
4628
1 0843
1 774 7
6009
3,605.4
3444 2
33433
4824
1 0746
1*786 3
631 2
3,641.9
34673
33656
473 1
1 093 8
1 798 7
621 7
3,697.8
3487 1
33847
464 2
1 098 6
1 821 9
631 9
3,728.8
34969
33940
461 8
1 102 5
1 829 6
6684
3,718.7
3 5344
34321
477 4
1 1129
1 841 8
649 1
3,747.2
3 5479
34450
4665
1 1267
1*851 9
6402
3,777.2
3 558 6
34554
469 1
1 1250
1 861 3
6452
3,798^5
3 5887
34853
4784
1 1300
1*877 0
6483
3,808.6
3 6248
3 521 2
4989
1 1297
1 892 6
r
r
6697
6642
661 0
6538
3,813.4 rr3,844.5 rr3,883.8 3,899.4
36216 r3 632 5 r 3 643 3 36809
6 3,575.6
35178 3r 528.3 3,538
r
4745
4706
467 8
4809
1 134 6 1 134 71 138 2 1 1444
1 9023 1 923 0 1 932 6 1 9567
do
do
DISPOSITION OF PERSONAL INCOME t
Seasonally adjusted, at annual rates:
Total personal income
bil $
Less: Personal tax and nontax
payments
do
Equals: Disposable personal income
do....
Less: Personal outlays
do
Personal consumption expenditures
do.
Durable goods
do
Nondurable goods
do
Services
do
Interest paid by consumers to
business
do
Personal transfer payments to
foreigners (net)
do....
Equals: personal saving
do
Personal saving as percentage of disposable
personal income §
percentDisposable personal income in constant (1982)
dollars
bil. $..
Personal consumption expenditures in
constant (1982) dollars
do....
Durable goods
do
Nondurable goods
do ....
Services
do
Implicit price deflator for personal consumption
expenditures
index, 1982 — 100
2 699 0
2 715 9
r
7484
r
5572
r
6301
r
8335
'487.1
255.3
7508
5595
6348
841 1
489.1
256.9
r
398
314.0
367
315.7
10.4
1158
6522
12.6
1164
6840
6502
r
218 1
218 1
r
4 443 8 r4 486 5
2192
45107
2 697 0
r
751 9
5631
r
6287
r
831
4
r
485.1
253.8
400
306.3
r
r
-7.9
1148
6749
r6446
r
6795
r
921
989
98 1
989
995
1002
1007
101 0
101 5
101 9
1017
1020
1022
1025
1031
1037
1.9
1018
1.9
1447
1.9
1507
1.9
161 2
2.2
1746
2.2
2107
2.2
231 9
1.4
1843
1.4
1994
1.4
2186
1.6
2098
1.6
1837
1.6
191 8
1.6
r
2120
1.6
r
2405
1.6
2185
3.2
4.2
4.6
4.5
5.0
5.6
5.6
5.5
5.4
5.5
5.4
5.1
2,676.6
2,793.2
2,826.3
2,841.0
2,852.9
2,891.9
2,900.0
2,874.0
2,884.1
2,904.5
2,913.4
2,924.0
r
r
5.6
5.1
2,920.1
r
2,924.9
5.8
r
2,943.0
2,947.0
r
2,702.2
2,681.4
2,513.7 2,598.4 2,627.9 2,634.5 2,636.5 2,647.0 2,639.6 2,652.4 2,651.5 2,657.1 2,673.3 2,703.3 2,693.8 r2,684.4
r
r
4233
4187
4228
432 5
413 6
3896
447 1
429 8
421 3
423 7
432 0
417 3
423 0
430 5
417 1
417 2
r
920.0
915.8
'916.6
890.4
923.6
922.5
916.2
907.0
918.0
911.2
911.7
906.3
918.1
915.7
911.3
904.5
1 233 7 1 280 2 1 292 6 1 295 5 1 297 1 1 311 7 1 311 2 1 315 7 1 318 4 1 322 9 1 327 3 1 333 8 1 337 7 1 345 0 1 346 9 1 3590
1198
1245
1264
1269
1277
127 9
1286
1294
129 9
1300
1304
1303
1306
131.4
1298
137 2
1393
1364
137 1
140 1
139 5
140 9
140 2
144 9
140 0
146 4
147 1
1448
P
1320
132.3
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
Seasonally Adjusted
Total index
By market groupings:
Products, total
Final products
Consumer eoods
1977 — 100
141 9
1387
do
do
do....
do....
1043
1347
136.8
133.1
1075
1427
143.9
141.9
1066
1454
146.0
145.0
1094
1414
141.1
141.6
1102
1422
141.6
142.7
111 1
1456
145.0
146.0
1066
145 8
145.6
145.9
104 5
147 '7
148.0
147.5
1023
1473
147.8
146.9
1062
152 2
154.5
150.5
1069
1462
151.3
142.6
1098
1533
158.3
149.8
1087
1542
158.6
151.1
1064
1520
157.6
148.0
P
107 5
?1483
"152.1
"145.6
111 0
1440
146.2
142.3
do
1298
137 2
139 9
1404
1408
1405
1407
141 7
141 6
1420
141 9
142 5
1423
141 8
"1423
142 8
do
do
do....
1383
1368
127.8
1459
1443
133.9
1484
1468
136.8
1494
1477
138.2
150 1
1482
138.5
1500
1486
138.7
1505
1489
138.4
151 6
1502
139.5
151 7
1504
139.2
1525
151 2
139.9
151 8
1502
138.7
1525
151 1
139.3
1524
1508
139.0
151 5
1494
139.9
"1523
"1501
"139.8
1536
151 6
140.6
See footnotes at end of tables.
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
1987
January 1990
1989
1988
Annual
.,
IT
Units
Nov.
1988
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
1977 = 100...
Automotive products
do ....
Autos and trucks, consumer
do....
Autos, consumer
do....
Trucks, consumer
do....
Home goods.
do
Nondurable consumer goods
do ....
Consumer staples
.. . .do .
Consumer foods and
tobacco
do
Nonfood staples
do....
Equipment
. do
Business
and
defense
equipment
do
Business equipment
do
Construction, mining,
and farm
do....
Manufacturing
do ....
Power
do
Commercial
do
Transit
do....
Defense and space equipment
do....
Intermediate products
do
Construction supplies
do
Business supplies
do..
Materials
do
Durable goods materials
do....
Nondurable goods materials
do....
Energy materials
do ....
By industry groupings:
Mining and utilities .
do
Mining
do
Metal mining
do
Coal
do
Oil and gas extraction #
do ....
Crude oil
do
Natural gas
do
Stone and earth minerals
do ....
Utilities
do
Electric
...
do
Manufacturing
do
Nondurable manufactures
do
Foods
do
Tobacco products
do
Textile mill products
do
Paper and products
Printing and publishing
Chemicals and products
Petroleum products
Rubber and plastics products
Leather and products
Durable manufactures
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
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
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
Mfg. and trade sales in constant (1982)
dollars (seas adj ) total §
Manufacturing
Retail trade
Merchant wholesalers
See footnotes at end of tables.
120.2
118.5
115.1
90.7
160.5
121 6
1306
1374
125.3
124.9
122.7
93.4
177.0
1256
1371
1449
129.2
129.5
129.5
101.0
182.4
1289
1397
1479
131.9
134.5
138.0
105.1
199.1
1300
1405
1489
131.5
132.5
135.6
99.6
202.3
1307
141 1
149.4
131.6
131.6
133.1
96.0
201.9
1316
141.4
149.7
130.1
128.9
128.3
95.0
190.0
131 1
1414
1499
132.2
131.7
131.7
98.8
192.8
1326
1422
150.7
131.2
128.6
127.4
96.0
185.5
1333
1421
150.7
130.8
125.6
123.3
.91.4
182.5
1348
143.3
151.9
127.3
120.2
114.6
81.2
176.7
1327
142.8
151.4
128.7
122.3
119.3
86.4
180.5
1335
143.2
152.0
127.9
120.6
117.1
92.7
162.4
133.4
143.1
151.8
127.6
118.9
113.1
'91.5
153.3
134.2
144.4
153.4
"126.8
"119.3
"114.8
"84.3
"171.2
"132.5
"144.6
"153.8
127.7
121.9
118.3
e
84.2
181.7
132.1
145.4
155.0
1363
138.5
1489
1409
149.1
1582
1437
152.2
1599
144 5
153.6
1604
144 8
154.2
161.1
1443
155.4
161.6
1433
156.9
1628
1447
156.9
164.3
1447
156.9
165.4
1457
158.4
166.1
1442
158.9
165.5
1456
158.7
166.8
145.9
157.9
166.5
147.2
160.0
162.0
"148.1
"159.7
"163.7
162.8
166.1
153 6
144 5
163 3
1576
1655
1612
166 2
1626
167 1
1638
1679
1650
1689
1663
1703
1678
1715
1691
1720
169.6
1713
1685
1725
169.9
172.1
169.6
167.4
165.2
"169.2
"167.2
171.9
169.9
62.2
117.9
826
2265
1084
188.9
1434
1315
1535
118 2
125.0
125.9
99.8
71.9
131.3
894
2452
1151
185.8
151 5
1386
1625
1252
135.4
132.0
101.5
74.5
136.2
921
2470
1223
182.2
1542
1407
1657
128 3
139.8
135.1
102.3
74.6
137.0
918
2489
1249
180.5
1550
141 4
1667
1283
139.0
136.3
102.6
74.3
136.3
92.8
252.4
125.7
180.0
1566
142.3
168.8
1281
139.4
137.1
100.5
75.6
137.8
92.7
254.3
125.2
179.3
1551
139.5
168.4
1274
138.6
135.9
100.5
76.9
138.6
930
257.6
123.9
178.7
1561
1393
170.4
1273
137.9
136.0
101.0
77.6
139.7
936
260.1
124.8
179.9
1565
140.2
170.4
1282
139.0
137.1
101.7
76.3
140.9
93.3
263.2
125.3
180.7
1563
140.2
170.0
1279
138.7
136.8
101.1
74.8
142.8
92.5
264.5
124.8
181.1
157.0
141.2
170.4
1277
139.4
137.3
99.1
73.0
143.8
92.8
263.8
120.1
182.0
1575
142.2
170.6
1283
139.9
138.5
99.1
72.1
143.5
94.2
265.6
124.4
182.7
157.5
141.5
171.2
1288
140.9
138.3
99.5
r
74.7
143.1
r
93 8
r
265.1
122.2
182.1
157.8
140.9
172.3
128.6
140.4
136.7
100.9
r
75.2
142.9
r
95.0
r
259.6
107.7
176.0
158.9
142.5
172.8
128.6
139.2
138.5
101.6
"75.8
"142.7
"94.7
"264.0
"110.2
"176.9
"160.1
"143.9
"173.9
"128.6
"139.0
"138.6
"101.7
e
76.9
142.9
'95.3
e
264.8
122.6
179.6
160.5
142.9
1043
1007
77 6
131 8
92.7
1003
855
1282
1103
1266
1347
136 8
1378
103 5
1159
107 4
1444
1721
140.2
935
1636
600
133.1
130.3
1528
119 1
81 3
70.6
101.6
111.0
1527
172.3
129.2
111.8
1439
107 5
1034
93 2
137 9
92.9
985
866
1399
1143
1320
1427
1439
1427
1052
1162
109 1
1503
1842
151.9
960
1744
595
141.9
137.3
162 1
1226
89 2
78.1
110.2
120.9
1708
180.1
1321
117.2
1543
108 1
1047
1046
1497
90.8
969
892
1440
1137
1316
1458
1467
1457
1024
117 2
110 1
1507
1885
157.5
950
1775
615
145.2
139.4
1654
1247
92 7
80.8
115.2
124.6
1754
182.2
135.2
122.9
1604
1089
1049
111 9
155 1
88.9
958
870
1494
1154
1329
1463
147 1
1458
107 0
117 9
108 8
151 7
1880
1581
980
177 5
602
145.7
143.0
1654
125 1
90 0
77.6
113.4
125.1
177 8
180.9
1368
125.5
159 1
1072
103.0
1069
1447
88.9
956
84.8
150.8
1140
1310
147 2
148 5
1466
1050
1202
110 2
153 8
1930
159.0
980
1759
629
146.2
139.9
166 3
126 6
93 2
82.2
113.9
124.5
1787
180.9
1367
124.9
161 0
106.8
100.9
986
1347
89.5
949
89.0
142.5
1165
1353
1468
148 1
1463
1047
119 4
110 2
151 7
1946
158.5
963
1750
629
145.9
132.8
164 8
1254
91 1
79.1
113.7
124.5
1808
181.7
136.4
123.4
161 3
1075
101.5
98 1
1377
89.6
929
886
143.5
117 5
1370
147 0
148 6
1454
101 5
1197
109 9
151 7
1985
1592
97 0
1764
612
145.8
133.4
1658
1255
88 4
75.9
112.0
123.8
1830
181.6
1348
120.4
161 8
1079
102.4
968
1455
89.1
916
863
144.5
117 1
1371
1480
149 6
1466
109 2
122 5
111 3
1507
2001
159.3
97 3
1780
614
146.9
135.1
1680
1247
90 1
77.0
114.9
123.1
1847
182.2
1364
122.0
163 0
107.2
102.0
940
1371
90.5
94.7
87.6
146.6
1156
1358
148 1
149 5
1472
1059
123 6
111 5
150 1
199.0
158.2
969
1805
60.3
147.1
135.5
1702
1239
87 2
73.2
113.7
124.8
1865
181.6
1355
119.7
1643
106.3
101.5
101 2
1292
90.6
92.2
88.8
150.2
114 3
134.6
1487
1505
1479
104 2
1238
111 9
1502
200.5
159.9
979
182.3
60.5
147.4
137.2
170 8
123 9
87 3
72.9
114.6
125.2
1875
181.9
134.2
116.4
1657
1066
102.1
106 2
1302
90.8
919
86.8
152.1
1140
1349
148 5
1508
1473
97 1
123 5
111 4
1524
199.9
162.2
983
1823
60.8
146.8
136.9
1690
122 9
89 2
75.4
115.2
125.4
1867
181.4
1313
110.4
1660
106.5
102.4
1037
1354
90.3
90.7
87.8
151.5
1133
134.2
1492
151 1
148.3
999
1232
111 1
1528
200.6
161.5
977
183.6
60.2
147.8
136.5
1680
1239
903
75.9
117.4
125.5
187.8
183.7
133.2
114.2
164 1
107.7
103.5
1043
144.2
r
90.0
r
91.5
r
86.4
148.8
114.5
135.5
148.8
151.1
148.8
973
123.2
111 2
153.4
r
203.1
159.3
r
98.4
184.2
r
60.4
147.2
135.7
167.6
1234
89 2
75.4
115.2
124.4
188.2
182.7
131.9
112.7
1631
108.6
104.2
1046
144.4
r
90.6
r
90.7
89.8
151.3
115.9
137.3
1480
152.2
150.1
"108.6
"104.4
110.5
103.2
"144.4
"91.2
"91.1
"91.0
"151.5
"115.5
"136.8
"148.6
"152.7
"150.7
137.1
123.0
1108
155.2
r
203.8
161.5
r
98.1
185.8
r
60.1
145.0
137.6
1679
1237
r
889
r
76.4
112.6
124.2
184.9
181.8
123.8
110.1
1634
"121.7
"110 1
"155.0
"205.6
"162.8
"98.1
"185.8
"57.3
"145.7
"138.9
"167.5
"124.2
P
85 1
"72.1
"109.5
"125.2
"188.5
"181.5
"125.0
"110.5
"1629
mil. $., 5,394,437 5,829,069
501,375
533 442
466,290
475,439
527,377
510 744
530 722
539 496
484 836
532,799
531,921 r530,642
525,836
1 5 394 437 1 5 829 069 r501 333 r506 142
do
do... 1 2,390,045 1 2,611,589 224,632 230 827
do
1 263 492 1 388 211 119 874 124 175
do
1 126 553 1 223 378 104 758 106 652
1
do
1 521 4171 1 629 150139 561 r!39 145
do
628 543 r53 992 r54 125
572 489
do...
948,928 1,000,607 r85,569 r85,020
1
do
140 136 170
1,482 975 1 1 588 330 137
do
68427
725 683 782 744 rr68 426
do
67743
68 714
805586
757 292
511 881
231,485
123 578
107 907
140 040
53 815
86,225
140 356
70302
70054
507 328
228,353
120 924
107 429
139 428
53071
86,357
139 547
69 343
70 204
507 555
228,048
120 432
107 616
139 516
52886
86,630
139 991
68796
71 195
517 745 518 088
234 042 233 071
123 331 122 962
110711 110 109
141 413 142 543
54 139
53901
88,404
87,512
142 290 142 474
70 293
69 345
72945
72 181
515 695
231 236
121 720
109 516
142 500
54 016
88,484
141 959
69 147
72 812
511 144
225 922
117 114
108 808
143 555
54 653
88,902
141 667
70 220
71 447
526 290
238,150
128 347
109 803
144 860
55876
88,984
143 280
71 228
72052
522 760
233,562
124 393
109 169
145 293
55'861
89,432
143 905
71 543
72362
4650
2124
1268
1257
4602
209 1
1263
1248
457 6
207 6
1258
124 2
4622
2093
1269
126 0
458 1
2047
127 8
125 6
472 5
2154
129 6
127 6
4689
211 4
1298
1278
do
do ....
do....
do
do ....
do....
do ....
do....
do
do
do
do....
do....
do ....
do ....
do....
do ...,
do....
do
bil $
do
do
do
463 1
2108
127 6
1247
4658
2157
1268
1233
4648
212 1
1264
126 3
463 5
210 6
126 9
1260
r
519 975
r
231,995
121 840
110 155
143
426
r
53 980
r
89,446
144 554
r
71 598
r
72 956
523 606
233,115
123,490
109,625
144 184
54026
90,158
146,307
73288
73019
r
4647
r
4674
2101
1276
1297
209 2
127 5
1280
128.2
137.7
138.7
102.2
122.7
145.2
148.8
152.6
'206.6
e
96.1
146.2
e
82.8
1246
189.4
180.9
129.7
110.4
162.4
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-3
SURVEY OF CURRENT BUSINESS
January 1990
1989
1988
Annual
.,
IT
ljmls
1987
1988
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INVENTORIES
Mfg. and trade inventories, book value
(non-LIFO basis), end of period,
(unadjusted), total $
Mfg. and trade inventories, book value
(non-LIFO basis), end of period,
(seas adj ) total t
Manufacturing, total . .
. .
Durable goods industries
Retail trade total
mil. $..
690,458
743,191
mil $
do
do
700 761
331 132
216 598
114 534
206 981
106 271
100 710
162 648
106 482
56 166
753 718
354 163
233 666
120 497
221 242
114 994
106 248
178 313
115 743
62 570
do
Nondurable goods stores
do
D
hie gooas
et> d estaousnmenis....
t hi' h > t
JL^uracu
H
QO....
do
do
do
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade total $ .
ratio
Manufacturing, total
do ..
Durable goods industries
do
Materials and supplies
do
Work in process
.
do
Finished goods
do
Nondurable goods industries
do
Materials and supplies
do....
Work in process
do
Finished goods
do
Retail trade total
do
Durable goods stores
do
Nondurable goods stores
do
Merchant wholesalers total
do
Durable goods establishments
do
Nondurable goods establishments
do . .
Manufacturing and trade in constant (1982)
dollars, total §
...
do
Manufacturing
do.
Retail trade
do
Merchant wholesalers
do
MANUFACTURERS' SHIPMENTS,
INVENTORIES, AND ORDERS t
Shipments (not seas adj ) total
mil $
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Nondurable goods industries, total
Food and kindred products
Tobacco products
Paper and allied products
Chemical and allied products
2 390 045 2 611 589
1 263 492 1 388 211
dp ....
62,142
64,044
do
117 092
142196
50,812
do ....
60,950
do ....
135,005
144,064
do . . . . 216,605
247,152
do....
210,695
227,136
do
351 927
323 026
197*049
do....
219,257
66 805
72 456
do .... 1,126,553 1,223,378
356,804
do .
324 996
do
22240
19935
57 481
59 774
do....
110,252
124,187
do....
240,476
212,705
124 218
124 528
do ....
91,089
80,510
do
Rubber and plastics products
Shipments (seas adj ), total
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
Instruments and related
products
Nondurable goods industries total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products..
Rubber and plastics products
See footnotes at end of tables.
do
do
do
do
do...
do
do
do
do
810,385
743,191
753,035
763,793
777,354
780,377
779,755
783,708
782,573
746 363
351 603
231 766
119 837
r
217 699
112 476
105 223
177 061
115 120
-61 941
753 718
354 163
233,666
120 497
221 242
114 994
106 248
178 313
115 743
62 570
759 803
357 458
236,810
120 648
222 584
115 704
106 880
179 761
117 255
62 506
763 051 765 504 771 340
359,056 361 130 363 458
238,165 239,330 240,486
120 891 121 800 122 972
224 185 224 693 226 656
116 169 115993 117 093
108,016 108,700 109,563
179 810 179 681 181 226
117 932 117 424 119 069
62 157
62 257
61 878
778 093
365,055
241,689
123 366
230 423
118 835
111,588
182 615
120 481
62 134
780 802
366,492
242,295
124 197
231 762
119 542
112,220
182 548
120 231
62 317
787,584
370,803
245,813
124 990
232,831
119 864
112,967
183 950
122 142
61 808
r
790,368 790,572 793,157 796,780
372,995
371,489 370,890 -371,712
246,378 245,621 r246,427 247,790
125 111 125 269 125 285 125 205
r
235,350 236,791 235,326 236,690
121 782 123 030 120,422 120,824
113,568 113,761 114,904 115,866
183 529 182 891 186 119 187 095
121 520 120 614 122 351 123,120
63975
62277 -63 768
62 009
6834
3258
191 0
1665
6880
3273
1936
1670
691 1
3288
1948
1674
6908
3283
1955
166.9
6905
3283
1957
166.5
691 1
3291
194.9
167.1
6930
3296
195.6
167.8
6945
3304
196.4
167.8
697.0
333.5
194.7
168.8
699.0
334.4
196.1
168.6
697.0
333.4
196.0
167.7
1 49
157
1 93
54
89
50
1 14
.45
18
51
156
r
208
123
1 29
168
90
1.49
1.53
188
53
87
.48
113
.44
18
.51
159
212
1.25
131
169
.92
148
1.54
192
54
.88
.50
112
.44
.18
.50
159
215
1.24
128
167
.89
1.50
1.57
197
.55
.91
.51
1.13
.44
.18
.51
1.61
2.19
1.25
129
1.70
.88
1.51
1.58
199
.56
.93
.50
1 13
.44
.19
.51
1.61
2.19
1.25
128
171
.87
1.49
1.55
195
.54
.92
.49
1.11
.42
.19
.50
1.60
2.17
1.25
1.27
1.72
.85
1.50
1.57
1.97
.54
.93
.49
1.12
.42
.18
.51
1.62
2.19
1.26
1.28
1.71
.86
1.51
1.58
199
.55
.94
.50
1.13
.43
.19
.52
1.63
2.21
1.27
1.29
1.74
.86
1.54
1.64
2.10
.58
.99
.53
1.15
.43
.19
.53
1.62
2.19
1.27
1.30
1.74
.87
1.50
1.56
1.92
.53
.91
.48
1.14
.43
.19
.52
1.62
2.18
1.28
1.28
1.71
.86
1.51
1.59
1.97
.54
.93
.50
1.15
.43
.19
.53
1.63
2.20
1.27
1.27
1.69
.86
148
155
1 50
1 34
1.48
1.52
1 53
136
149
1.55
1 54
133
1.50
1.57
1 55
134
1.51
1.58
156
134
1.49
1.55
154
132
1.50
1.57
154
133
1.50
1.58
155
1.33
1.52
1.63
1.52
1.34
1.48
1.55
1.51
1.32
1.49
1.58
1.51
1.31
222 837
118 636
5,507
12308
4,945
12,234
20,124
19,640
31 334
20049
5 901
104,201
30582
2253
5*221
10,373
20,104
10 120
7,724
224 632
226 032
122 482
4*815
11796
4,836
11,732
23,686
20,728
31 993
18,020
6 523
103,550
30,719
2455
5 118
10,528
20,397
10 363
7,518
230 827
212 037
110 887
4,849
12 181
5,068
11,771
18,612
17,642
29 190
20158
5 830
101,150
29650
1 218
4742
10 822
20,853
10 044
7,885
231 485
229 134
121 870
5,064
12905
5,198
13,210
21,421
19,078
32477
21,778
6 138
107,264
31,572
1 574
5397
11,036
21,483
10 162
8,200
228 353
238 698 235 253
128 704 125 254
5,709
5,221
12940
13075
5,391
5,365
13,591
14,012
22,010
24,125
19,558
20,808
32811 32854
21*739
20518
6 085
6 535
109,994 109,999
31,613
32,928
1 733
2392
5236
5 615
11,001
11,098
22,413
21,960
10 611
12 094
8,466
8,162
228 048 234 042
233 725
124 193
5,556
12,537
5,239
13,760
21,972
19,324
32 534
21,266
6387
109,532
32,421
2267
5268
10,787
21,739
11 933
8,516
233 071
245 779
131 766
5,915
12,955
5,208
14,369
25,744
21,282
31 883
19,246
6949
114,013
2399
5747
11,387
22,463
12 331
8,683
231 236
207,794
104 423
5,034
11,040
4,464
12,419
19,405
17,369
22072
11,728
5918
103,371
30,693
1,300
4531
10,439
20,213
11 905
7,194
225,922
233,026
122 298
5,725
12,120
4,863
13,927
20,950
19,854
31,128
19,455
6 134
110,728
32,654
1,886
5607
10,949
21,099
11 495
8,127
238,150
247,693
132 337
5,715
12,210
4,841
14,581
24,436
22,314
33,365
19,962
7055
115,356
34,416
2,331
5754
11,09.1
21,837
12076
8,249
233,562
119 874
5,588
12 709
5206
12 597
20,894
19099
30 960
19 671
124 175
5,549
12861
5,201
12865
21,642
19953
32521
20 948
123 578
5,575
12869
5,222
13198
21,491
19794
31,834
20 850
120 924
5,356
12553
5,080
13,044
21,939
19225
30,698
19 700
120 432
5,150
12377
5,103
13 135
21,948
19 541
30,298
18 941
123 331
5,451
12486
5,128
13269
22,054
20299
31,489
20 146
122,962
5,404
12,250
5,048
13,370
22,253
19,952
31,177
19 805
121,720
5,466
12,179
4,858
13,327
22,558
19,839
30,003
18 154
117,114
5,287
12,100
4,867
13,392
21,586
19,564
27,096
15 752
6342
5960
104 758 106 652
30995
30 607
1,957
2109
5,397
5,269
10956
10779
21 110
21 352
10237
9940
8318
7 835
6403
107 907
31 720
1878
5,520
10938
21327
10384
8 568
6259
107 429
31842
1,819
5,458
10802
21021
10,786
7986
6200
107 616
32364
2,003
5,333
10896
20862
11090
7875
6 308
110711
32283
2,104
5,337
10927
21497
12306
8 174
6,439
110 109
32,470
2,083
5,315
10,900
21,478
11,934
8310
6,393
109 516
32,245
1,893
5,311
10,906
21,457
11,986
8072
6,264
108,808
31,730
1,792
5,254
10,846
21,820
11,522
8021
r
Mfg. and trade inventories in constant (1982)
Manufacturing
Retail trade
Merchant wholesalers
785,213 -804,080
759,019
770,121
OQ QOO
'"700.9
-333.5
197.2
170.2
704.1
334.4
198.5
171.2
1.53
1.60
2.02
.56
.95
-.51
1.14
.42
.19
.52
1.64
r
2.23
1.28
1.29
1.71
-.87
1.52
1.60
2.01
.55
.95
.51
1.14
.43
.19
.52
1.64
2.24
1.29
1.28
1.68
.88
1.51
1.59
1.55
1.33
1.51
1.59
1.56
1:32
238,230
125,350
r
5,900
12,059
'4,890
14,506
-21,561
r
20,098
r
31,212
-20,121
r
6659
112,880
-33,791
r
2,lll
r
5,657
11,046
-20,566
-12 103
-7,954
-231,995
231,417
122,427
5,406
11,403
4,615
13,713
21,296
20,359
31,855
20,632
6,567
108,990
32,678
2,363
5,386
10,636
20,145
11 551
7,362
233,115
128,347
5,451
12,215
4,973
14,060
22,842
20,064
35,295
22 598
124,393 -121,840
-5,515
5,328
11,978 -11,819
-4,845
4,863
13,939 -13,983
22,245 -21,985
20,312 19,930
32,167 -29,819
19239 -18 518
123,490
5,433
11,654
4,812
14,190
22,328
19,936
31,101
19 974
6,344
109,803
32,968
1,961
5,342
10,885
21,455
10,992
8,246
-6,595
6,549
109,169 110,155
32.258 -32,882
-2,323
2,008
-5,311
5,216
10,857 -10,976
20,877 -21,166
11,902 -11,924
-7,556
7,943
6,642
109,625
32,787
2,190
5,398
11,032
21,235
11,537
7,513
r
r
:::::::::::::
S-4
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
Annual
TT ..
uims
1987
January 1990
1989
1988
1988
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
14 668
45,471
14513
45,362
14 823
46,622
14 657
46,076
14 918
'46,808
14795
46,660
40,530
21,578
r
38,644
r
38,999
22,359
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SHIPMENTS,
INVENTORIES, AND ORDERS t-Continued
Shipments (seas, adj.)— Continued
By market category:
Consumer staples
Equipment and defense products,
except auto
Automotive equipment
Construction materials, supplies, and
i ig4 ggi 1 170 860
;
461 025 1 501 301
do
do
do
1
433 296
1
1 192 664
1
189
223 069
Other materials, supplies, and
1
75,607
1
445 633
1
336 190
1
do....
do
do
do
Book value (non-LIFO basis),
(seasonally adjusted) total
By industry group:
Durable goods industries,
total #
Primary metals
Blast furnaces steel mills
Fabricated metal products
109 443
By market category:
me goo si an app r
Equip, and defense prod.,
exc auto
.
Nondefense
Defense
New orders net (unadj ) total
Durable goods industries, total
New orders, net (seas, adj.), total
By industry group:
Durable goods industries, total
Primary metals
Nonferrous and other primary metals
ea
-, T,.
Delect •„"}'
Elect 'c 1
h'nerv
Transportation eauioment
Aircraft missiles and Darts
Nondurable goods industries total
Industries with
unfilled
Industries without unfilled
orders 0
By market category:
38337
22522
14 660
45,902
38616
22256
38878
20 356
38317
17956
40285
24,963
20,933
17 529
18 102
18 390
17400
17 251
17473
17 331
17 355
17 124
17899
17463
17,767
17,724
90 616
92048
92999
92293
92067
95089
94306
94 508
92650
93558
93258
r
92 925
92 578
6,949
•J 79,219
41 172
17 486 607
32512
380017
' 106 590 8660
6,934
42772
32675
10097
6,933
42060
33330
8730
6,955
41858
33455
8403
6,864
42 528
34079
8449
6,977
43232
34,599
8,633
6,948
43 224
34527
8,697
6,781
43,984
34,759
9,225
6,705
42,456
34,263
8,193
6,918
45,082
36,146
8,936
6,758
44,962
35,730
9,232
r
7,025
r
42,424
r
34,171
r
8,253
7,073
42,573
33,942
8,631
204 769
360 741
238 967
121 774
362 082
240 180
121 902
365 848
242 195
123 653
368621 366 693
244' 7 12 242874
123909 123 819
371 440
246,576
124 864
372 752
247,377
125 375
369 102 rr370,808
244,580 245,807
124 522 125 001
371,561
246,629
124 932
do
331 132
354 163
351 603
354 163
357 458
359 056
361 130
363 458
365 055
366 492
370,803
371,489
370,890 r371,712
372,995
do
233 666
7 505
20279
10 119
23 552
46729
40 683
63229
231 766
7 464
19980
9763
23478
46 172
40746
62305
233 666
7 505
20,279
10 119
23 552
46729
40683
63229
236 810
7 561
238 165
7 609
20,589
10222
23776
20,785
10353
23771
do
do
216 598
7 216
18189
8 590
22684
41 935
39 396
57 203
64660
239 330
7 630
20,880
10537
23962
47730
47 532
41288
41 371
65996
65368
do.
11391
11,839
11872
11839
12,282
12,246
12,169
12,134
12,237
12,152
13,030
12,686
12,339
12,433
do
12669
14040
13798
14040
14125
14218
14,336
14,361
14,062
14,107
14,098
14,095
14,277
14,350
14,499
do....
do....
do
61,255
99,952
55,391
65,252
108,392
60,022
65,298
106,884
59,584
65,252
108,392
60,022
66,273
109,309
61,228
66,852
110,118
61,195
67,278
111,555
60,497
66,887
113,381
60,218
66,748
114,291
60,650
66,681
114,668
60,946
67,565
116,487
61,761
67,746
116,560
62,072
67,611 r68,010
115,477 115,756
62,533 r62,661
68,358
116,961
62,471
120 497
26 361
5609
7 605
12065
119 837
26*003
5*710
7 g4g
11 939
120 497
26 361
5609
7605
12065
120 648
26 266
120 891
26 245
5349
7636
12093
5432
7606
do
114 534
24744
5586
7 458
11 242
11 941
121 800
26 301
5372
- 7495
11 905
122 972
26 588
5403
7 g48
11 943
123366 124 197
26 180
26 181
5,525
5,431
7 803
7 810
12320
12070
124 990
26416
5,669
7973
12483
125 111
26326
5,659
8093
12572
125,269 125,285
243
26442 r26
r
5,583
5,587
r
8,140
8086
12,597 12,605
125,205
26268
5,563
8,057
12,558
do
25061
27 515
27 235
27 515
27 601
27 880
28510
28816
29069
29,182
29,209
29,396
29,415
r
29,386
29,295
do
9951
8879
8757
8879
9376
9578
9,897
10,346
10,423
10,695
10,554
10,452
10,335
10,370
10,259
do ....
9,112
10,326
10,394
10,326
10,418
10,405
10,572
10,555
10,567
10,619
10,657
10,631
10,629
10,640
10,607
do ....
do
44,354
18 752
51 428
47 294
19291
53 912
47,664
19 071
53 102
47294
19 291
53 912
46963
46900
19 532
54 153
54*469
46,858
20075
54 867
46,780
20493
55 699
46,679
20290
56 397
46,773
20,524
56 900
46,891
20,837
57 262
47,073
20,919
57 119
46,643
20,985
57 641
'46,769
r
21,405
r
57 111
47,057
21,241
56907
,1°
26772
42399
26 313
44900
26 459
44 485
26 313
44 900
26 177
44 206
26 058
44*279
26 053
44*454
26 257
44 977
26 419
44 909
26 286
45269
26 811
45666
27 218
45*788
27 548
45,777
r
27 729
r
45,731
28010
45,713
do
96004
14 013
105 287
14 611
103 320
14 717
105 287
14 611
106 390
15 002
107 523
15 045
108 309
15 013
109 160
15 165
109,580
15 245
110,611
15 287
111,854
16 243
112,073
15845
111,923 112,353
15428 15 447
113,547
15316
do
j '"
d
do
do
do
do
oo ..
247,790
245,621 r246,427
r
7870
7839
7 844
20,739
21,040 r20,822
10,587
10,613 10,533
r
23,934 r23,761 23,735
48429 r48 411 48742
41,253
41316 r41,318
69,785 70,666 71,728
r
12,354
25,250
25,303
25,250
25,201
25,059
25,042
24,986
25,405
25,521
26,038
26,087
26,059
26,004
137 802
137 319
137 802
140 482
141 092
142 259
142 913
143 497
143 518
144 191
144 478
144 189 144 393
144 405
12712
119 518
84 167
35351
225 235
121,294
103 941
228,153
12791
121 064
85691
35373
235 710
132,230
103 480
238,886
12952
12927
122 944
87 167
124 034
13046
124 742
88326
36416
246 325
135,749
110 576
233,011
13 110
125 413
89051
36 362
240 054
130,202
109 852
239,907
13026
13 146
126 541 127 190
89755 90414
36776
36786
231 196 246 498
121,766 132,111
109 430 ' 114 387
233,753 235,157
13232
128 543
91 443
37100
213 360
109,964
103 396
230,447
13,513
129 122
91720
37,402
229,098
118,323
110775
236,793
13,687
128 834
91,803
37,031
247,945
132,753
115 192
234,354
13,688
129
794
r
92,075
r
37,719
r
237,369
125,267
112 102
'234,067
13,756
131,298
93,072
38,226
238,399
130,003
108 396
239,740
1
1,435,605
1,293,236
1
122 590 1 144 128
1 53 724
i go 273
123,035
12624
4 950
132,149
13210
5 350
130,227
11,263
4590
1
1
73 288
59 129
136 494 1 142 gQ2
/221 041 1 253 798
J
212 442 jt 227 440
1 337 585 1 388 832
;
116 403 ; 136 560
1
1 130 361 1 1 223 920
6820
12 411
21 443
20 110
32401
10763
105 118
6902
12 917
21 710
19 922
39 550
14 145
106 737
1
35777
88241
35793
222 407
235 462
120,986
128,116
26,025
101 421
107 346
236,075
231,306
128,479
13079
124,107
12602
5 840
K 119
125,377
11,885
4 635
129,372
12,865
4 741
123,524
12,481
4 870
125,137
11,770
4 424
122,031
11,510
4 436
126,766
11,251
4435
125,227 124,262
11,399 11,022
r
4768
4 541
6274
6,412
12 910
22 255
18272
37050
15892
107 634
7,163
13 007
22 731
19 890
37 062
15240
110 535
6,686
12 792
22' 288
18677
33 470
11 405
110 229
6,528
13 435
23348
19 593
33414
12312
110,020
6,295
12820
20917
19773
34 012
17 134
r
5,895
5,465
6,012
13852
13 689 13 875
22 554 rr21 476 22700
20898 r20 131 21,689
32,555 33,185 36,688
14,705
11,570 12,135
109,127 109,805 109,513
107 596
6568
13 377
21 921
19 573
33 381
10730
107 199
108,416
5,972
13275
22643
19424
36514
12426
110,027
*291 418
1311 g23
27 001
27 018
26 660
26994
26701
27305
27 315
27 544
26768
27571
27 282
r
27,489
1
1
912 297
78 117
79719
80936
80205
80,933
83,230
82,914
82,476
81,648
82,456
81,845
r
82,765
82,024
i igg 09i
1 4gQ 952
1
409*548
1
223 543
1170 374
1 501 477
1
466 606
i 247 655
14 481
43 2g8
40391
22 3H
15 504
43 491
46 534
23 633
15 457
44 417
14 646
44 525
40503
22 141
14 473
44 945
41*711
21 342
14977
45683
43728
22344
14361
46 136
40 138
22011
14 558
45 554
43069
20 255
14 540
45278
40711
17 777
14769
46651
40089
24 820
14 823
46040
41707
21 423
15
148
r
46,809
r
40,634
r
20 788
14,757
46,680
44,142
22384
1 192 4g4
'205 319
17 547
18 098
18 163
17 180
17 106
17 3gg
17 295
17 219
16805
17 337
17 546
17 685
17570
970 999 1 1 066 503 90 155
91 626
94 271
92 311
93 434
95 809
93 812
94 502
95 33g
93 127
92815
r
93 003
94207
7 158
49 839
39*-432
10,407
7 206
47 ig7
6 813
45 348
37,189
8,159
6703
48 598
38,137
10,461
7 119
48 940
40,389
8,55
6639
44 862
37,290
7,572
6673
48 084
39,146
8,938
6801
49 071
41,445
7,626
6913
45 08g
37,130
7,956
6893
45980
35,341
10,639
r
7139
r
45 546
r
6,995
49946
38,759
1
1
do ..
do..
19 522
242295 245,813 246,378
7799
7840
7748
21,275 21,413 21,233
10658
10532
10657
24,170
24,105
23726
48370
48234
47885
41787
41637
41087
68333 70081 70,164
24,222
12843
12791
110 643
12l'064
do
77 139
85*691
do
35373
33 504
2 423 597 2 g59 525
do
do .... 1,293,236 1,435,605
1 130 361 1 223 920
do... '2,423,597 1 2,659,525
do ...
do
47 407
41 090
240,486 241 689
7704
7 740
21,223
21,036
10563
10526
23892
23947
47820
47 660
41564
41 553
66681 67557
127 722
do
Other materials, supplies, and
37 802
21 351
14894
45727
356 430
235 168
121 262
Construction materials, supplies, and
See footnotes at end of tables.
37 153
22 154
14 608
44969
348 465
229 040
119 425
Consume stanles
do
Eouin and
Auto
t defense
aeiense PDrod
' Q-> exc
x • auto
« w.. ....... do
.00,.,
Nondefense
Defense
37 i7g
23 343
14797
44556
350 223
230 625
119 598
Construction materials, supplies, and
intermediate products
do ....
Other materials, supplies, and
Supplementary series:
Household durables
38315
23 527
15 108
44467
348465
229 040
119 425
do
.
36 537
22 243
15 317
43518
325 695
212 265
113 430
do
Tobacco products
14 454
43253
do
do
do .
do
do
Electrical machinery
Transportation equipment
Motor
vehicles
and
parts
Instruments and related
products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
Nondurable goods industries,
total #
Supplementary series:
nousenoia auraoies
248 003
1 957 237 1 052 710
Supplementary series:
Household durables
Capital goods industries
Nondefense
. .
Defense
.
Inventories, end of year or month:
Book value (non-LIFO basis),
(unadjusted) total
Durable goods industries total
Paoer and -allied products
Chemicals and allied
products
Petroleum
and
coal
products
Rubber
and plastics
products
By stage of fabrication:
Materials and supplies
Work in process
J
391
1
838 943
175 g32
466*264
'; 356,478
109,786
;
1
78 985
1
528*817
1
419,559
1
109,258
6 963
44 216
35,825
8,391
12 983
22 384
19*563
36 133
13 350
40472
23 295
40,352
6,815
27,040
35,975
Dec.
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-5
SURVEY OF CURRENT BUSINESS
January 1990
IT .,
units
1987
1989
1988
Annual
Nov.
1988
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
Aug.
July
Nov.
Oct.
Sep,
Dec.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SHIPMENTS,
INVENTORIES, AND ORDERS tt-Continued
Unfilled orders, end of period (unadjusted),
total
'
mil $
415 998
Durable goods industries total
do
396 563
Nondurable goods industries with
unfilled orders $
do
19435
Unfilled orders, end of period (seasonally
421 243
adjusted) total
mil $
By industry group:
Durable goods industries, total #
do.... 400 720
Primary metals
do
23896
Blast furnaces steel mills
do
11 637
Nonferrous and other primary metals
..
do
10265
Fabricated metal products
do .. 29970
Machinery except electrical
do
52702
Electrical machinery
do
93696
Transportation equipment
do.... 173,733
Aircraft, missiles, and
parts .
do. .. 144343
Nondurable goods industries with
unfilled orders $
do.... 20,523
By market category:
Home goods and apparel
...
do
9075
Consumer staples
do ....
675
Equip, and defense prod., excl.
auto
do
252 751
Automotive equipment ..
do
9239
Construction materials, supplies, and
intermediate products
do
15060
Other materials, supplies, and
134 443
Supplementary series:
Household durables
do
6480
Capital goods industries
do
301 674
Nondefense
do
139 814
Defense
do . 161 860
BUSINESS INCORPORATIONS @
New incorporations (50 States and Dist. Col.):
Unadjusted
.
number
Seasonally adjusted
do
463 934
443 957
19977
454?256 463 934
434 209 443 957
20047
19977
474 304 480 632 488 259 493 060 490 531 491 250 496 816 492 888 493 140 rr492 279 499 261
454 056 460 302 467 347 472 295 469 868 470'213 475 754 471 779 472 195 472 112 479 688
20248
20330
20912
20765
20663
21 037
21 062
21 109
r
20,167
20945
19,573
r
468 860
460 802 468 860
473 450 476 403 481 366 487 231 487 913 491 834 496 359 495 002 495 794 497 866 504,491
447 868
25737
10903
439 895 447 868
25388 25737
10903
10754
452,769 455 952 460 897 466 938 467 500
25947 25996
25504 25883 26 114
11 521 11 553 11 085 10698 10520
484,246
470 917 475 834 474,253 475,087 r477,509
r
775 22384
25705 25 115 24 151 23572 22
r
8496
8718
8795
9 117
9655
10086
12591
28406
59963
93498
212,120
12591
12428
28354 28406
59 896 59963
93 529 93498
205,091 212,120
12 121 12 106 12075 12781 13 140
27459
28,191 28524 28299 28037
60856 60838 61 145 61 822 61 857
90662
93267 93615 92346 91937
216,419 219,102 225,854 231,427 233,720
13 190
27567
62 647
90416
237,131
174 722
169 763 174,722
179,176
181,110
187 793 193 939
11,574
12,431 11,737
12634
13059
25,960 rr25,852 25,514
26,995 26,210
61 978 61 779 62088 r61 579 61951
90625 89985 90571 r 90 772 92,525
244,047 245,266 245,654 249,020 254,607
196 185 198 610 206,512 208,617 209,565 r212,498 218,193
20,992
20,907
20,992
20,681
20,451
20,469
20,293
20,413
20,917
20,525
20,749
20,707
8387
836
8200
863
8387
836
8736
786
8585
755
8450
731
8533
687
8234
921
8 124
1,004
8 151
920
8097
949
8263
913
286 731
8888
15 541
278 513 286 731
8888
8782
15545
15314
15094
14949
14842
14806
14670
14351
13 789
148 477
149749
149 767
151 134
151 854
151 360
151 354
154 040
153 609
148 899
6 122
345 037
179 640
165 397
6 122
5898
337 971 345 037
172 884 179 640
165 087 165 397
685 572 684 109
INDUSTRIAL AND COMMERCIAL
FAILURES @
Failures, total
number
61384 57093
Commercial service
do
23928 22756
Construction
do
6775
6811
Manufacturing and mining . ..
do
4912
4703
Retail trade
do
12272
11 485
Wholesale trade
do
4451
4353
Liabilities (current) total
mil $ 34 818 2 35 892 7
Commercial service
do
7761 2 7 9444
Construction
do
2359 8 1 8539
Manufacturing and mining
do
40743 4 502 7
Retail trade
do
27347 3991 3
Wholesale trade
do
1534 1 20720
Failure annual rate
No. per 10,000 concerns..
98.0
102.0
49 186
53 638
4262
1 531
597
350
888
319
2047 5
343 1
109 5
355 4
413 9
91 2
58 165
58516
20,357
r
8493
r
914
20,245
8,455
934
753 318,896
290 025 293 375 297 284 302 675 304 197 308 388 310 782 310 586 311 763 r313
r
7,697
7,672
7817
7972
8115
8294
8395
8640
8818
8827
8840
15541
148 477
r
r
!3 790
13636
153 166 153 244
154 873
13872
r
6,079
6157
6043
5908
5913
5925
6253
5817
6234
6092
6395
350 144 353 634 359 704 365 412 367 050 371 150 377 765 377 769 378 787 rr381 909 389,282
186 662 190 396 194 454 200 244 203 007 207 394 214 576 215 560 215 171 216 975 221 792
163,482 163,238 165 250 165 168 164 043 163'756 163 189 162^209 163,616 164,934 167,490
58031
58499
55905
58724
68311
60 133
55411
55245
62242
57738
61 041
57 sgg
4 180
4406
3926
4663
4783
4276
3894
1 316 1 752 1 650 1 732 1 411 1 655 1 441
586
573
538
514
649
566
583
321
357
288
379
359
399
288
962
948
814
890
938
889
1080
304
304
315
380
270
338
311
20268 2 1000 2316 1 2 94g o 6 145 6 1 873 2 2 1860
441 5
4288
4803
3183
4350 1 0768
3762
1009
141 1
1293
2627
989
103 6
948
290 9
234 0
326 9
166 4
264 7
391 1
317 4
2598
139 5
149 7
200 4
161 3
140 6
161 6
77 e
81 1
1062
632
94 1
49 4
1046
51 373
54*478
56755
56642
51 014
54502
53175
4,226
3,676
4231
3679
1 281 1 394 1 230 1 299
607
532
628
'539
387
336
387
300
968
832
920
820
319
275
314
236
40734 29600 1 751 2 22239
4132
4874
453 6
5968
2257
1697
1889
141 9
1599
2598
2648
3127
201 1
2352 1 091 6 2299
939
456
862
590
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS t
Prices received, all farm products
1910-14=100..
Crops #
do
Commercial vegetables
do....
Cotton
do
Feed grains and hay
do
Food grains
• do
Fruit
do
Tobacco
do
Livestock and products #
do....
Dairy products
do
Meat animals
do ....
Poultry and eggs
do
Prices paid:
Production items
do
All commodities and services, interest, taxes,
and wage rates (parity index) .. 1910-14—100
Parity ratio §
do
CONSUMER PRICES 0
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
ALL ITEMS, WAGE EARNERS AND
CLERICAL WORKERS (CPI-W)...1982-84=100 ..
ALL ITEMS, ALL URBAN CONSUMERS
(CPI-U)
1982-84=100..
Special group indexes:
All items less shelter
do....
All items less food
do
All items less medical care
do....
See footnotes at end of tables
657
588
731
477
421
427
717
1 398
728
820
918
293
682
604
891
455
432
439
656
1 411
762
820
983
294
680
611
760
497
436
440
743
1 395
752
746
966
335
673
595
757
497
415
424
730
667
580
835
512
398
421
589
1 395
1 394
657
545
681
516
378
417
602
655
546
622
539
378
416
745
578
458
719
503
268
282
669
1 255
703
764
921
244
631
544
707
484
378
378
669
1 286
721
746
949
269
849
908
1 110
52
1 167
54
55
56
112.5
117.0
119.0
119.2
119.7
120.2
120.8
121.8
122.5
122.8
123.2
123.2
123.6
113.6
118.3
120.3
120.5
121.1
121.6
122.3
123.1
123.8
124.1
124.4
124.6
125.0
111.6
1136
112.6
115.9
1183
117.0
118.0
1203
119.0
118.1
1204
119.1
118.7
1208
119.7
119.2
1213
120.1
119.9
1220
120.8
121.0
1229
121.7
12,1.7
1235
122.3
122.0
1239
122.6
122.0
1242
122.9
122.0
1243
123.0
122.6
124.8
123.4
663
590
725
468
424
432
712
1 400
739
826
939
288
677
595
833
447
431
441
653
1 389
762
801
992
292
679
590
744
475
436
445
585
1 389
773
777
991
343
672
604
851
497
438
442
613
1 395
742
752
957
316
754
752
972
328
1220
55
1 207
57
1 442
773
807
996
316
769
856
968
316
1417
778
899
984
293
r
670
r
551
r
665
r
556
373
r
411
r
748
1 399
r
794
r
948
r
988
675
542
613
529
374
422
682
1402
815
972
1,018
306
309
124.2
124.4
124.6
125.6
125.9
126.1
123.1
125.4
124.0
123.3
125.6
124.2
123.5
125.8
124.4
949
953
953
943
757
771
980
314
1 379
663
553
709
557
371
418
780
1,227
1 226
54
54
S-6
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
.,
IT
Lnits
1987
January 1990
1989
1988
Annual
1988
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
June
May
Aug.
July
Nov.
Oct.
Sept.
Dec.
COMMODITY PRICES—Continued
CONSUMER PRICES t— Continued
(U.S. Department of Labor Indexes)— Continued
Not Seasonally Adjusted
All items (CPI-U)— Continued
Commodities
1982-84—100
Nondurables
do ....
Nondurables less food
. do
Durables
do
Commodities less food
do....
Services
..
.
do
Food*
do ...
Food at home
do....
Housing
do
Shelter #
do
Rent, residential
do
Homeowners' cost
12/82=100..
Fuel and other utilities #
1982-84—100
Fuel oil and other household
fuel commodities
do....
Gas (piped) and electricity
do....
Household furnishings and operation
.
.
do
Apparel and upkeep
do...
Transportation
do....
Private......
do
New cars ...
..
.
do
Used cars
'..
..
do
Public
do....
Medical care....
do...
107 7
107.5
1018
108 2
104.3
1202
1135
111.9
114 2
1213
1231
124.8
103 0
111 5
111.8
1058
1104
107.7
1257
1182
116.6
118 5
1271
1278
131.1
1044
113 5
114.1
1082
111 8
109.7
1278
1202
118.7
1199
1291
1298
133.8
1043
113 5
113.9
107.5
1122
109.4
1281
120.7
119.1
1202
1293
130.1
134.0
1050
1139
114.3
1071
1125
109.2
1289
122.2
121.2
1207
1298
1305
134.4
1060
1143
114.9
1076
1124
109.5
1294
1229
122.0
121 1
1303
1309
134.7
1059
1152
116.2
1094
111 9
110.5
1300
1235
1227
121 5
1312
1311
135.0
1059
1167
118.4
112.8
111 8
112.5
1302
1242
1235
1216
1312
1314
135.4
1062
1175
119.3
1139
111 9
113.2
1308
124.9
124.4
1221
1318
131.7
136.2
1070
1172
119.0
113:1
112 1
112.8
1316
125.0
124.3
1229
1323
132.3
136.5
1092
1170
118.7
112.2
111 9
112.1
1325
125.5
124.8
1239
1336
133.0
137.3
1097
1167
118.4
111.5
111 4
111.6
1331
125.8
124.9
1242
1341
133.5
138.1
1097
117.3
119.3
112.9
111 3
112.4
1334
126.1
125.0
124.3
134.1
133.9
138.9
1097
118.1
120.1
114.1
112 1
113.4
133.7
126.5
125.4
124.4
134.8
134.7
139.7
1080
118.3
120.0
113.6
1130
113.4
134.1
126.9
125.8
124.5
135.2
135.2
140.3
1075
118.2
119.8
112.6
1135
113.0
134.6
127.4
126.5
124.9
135.6
135.5
140.9
108.4
77.9
103.8
78.1
104.6
75.0
103.7
76.8
104.1
80.5
105.1
81.4
104.9
81.5
104.8
82.5
105.0
81.5
106.1
80.2
110.5
79.7
111.1
78.9
111.3
79.3
111.0
82.0
107.6
83.9
106.1
88.7
107.0
1071
110.6
105.4
1042
1146
113 1
121.1
130.1
1094
115.4
108.7
107 6
3169
1180
123.3
138.6
1106
119.9
110.7
1096
1187
1197
125.3
141.8
1106
118.0
110.8
1096
1191
120.2
126.5
142.3
1109
115.3
111.1
1098
1195
1205
127.5
143.8
1109
115.3
111.6
1103
1196
1205
128.1
145.2
1105
119.3
111.9
1107
1196
1205
128.2
146.1
1107
120.9
114.6
1136
1194
1207
128.4
146.8
1108
120.4
116.0
1150
1195
121.0
128.9
147.5
111 1
117.8
115.9
1149
1191
121.3
129.6
148.5
1114
115.0
115.4
1143
118.6
121.1
129.7
149.7
111.4
115.0
114.3
1131
117.7
120.3
130.1
150.7
111.7
120.0
113.7
1124
117.0
119.8
130.1
151.7
111.9
122.7
114.5
113.3
118.6
119.7
130.6
152.7
111.9
122.1
115.0
113.7
120.5
120.1
131.3
153.9
111.7
119.2
115.2
113.9
121.8
119.7
131.7
154.4
.3
113.2
109.1
120.8
119.3
117.4
110.4
109.3
117.9
128.0
.3
113.4
109.2
121.2
119.8
117.7
110.4
109.3
118.1
128.6
.6
114.2
109.9
122.1
120.9
117.7
111.2
110.0
118.9
129.1
.4
114.6
110.2
122.6
121.4
117.5
111.9
110.8
119.3
129.7
.5
115.3
110.8
123.6
122.6
119.1
112.6
111.5
119.7
130.3
.7
116.5
112.4
124.2
123.3
119.4
115.0
114.1
119.8
130.6
.6
117.4
113.3
125.0
124.3
120.4
116.1
115.2
119.6
131.2
.2
117.4
113.1
125.3
124.5
119.1
115.9
115.0
119.3
131.6
.2
117.3
112.8
125.7
124.7
118.1
115.2
114.2
118.8
132.3
.0
116.8
112.0
125.9
124.9
116.3
114.3
113.2
118.5
132.7
.2
117.0
112.1
126.2
125.0
118.3
113.7
112.5
118.0
132.9
.5
117.7
112.8
126.7
125.6
119.5
114.5
113.4
118.7
133.5
.4
117.9
112.8
127.4
126.5
119.6
114.7
113.5
119.6
134.3
.4
118.1
112.8
128.0
127.1
118.8
114.8
113.6
120.8
135.0
108.3
109.0
110.5
110.8
111.5
112.3
113.2
112.9
112.8
112.0
112.3
112.7
112.7
113.0
Seasonally Adjusted $
All items, percent change from
previous month,
Commodities.
1982-84 =100
Commodities less food
do
Food
do
Food at home
do
Apparel and upkeep
do
Transportation
do
Private
do
New cars
do
Services
do...
PRODUCER PRICES §
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
All commodities
1982—100 ..
By stage of processing:
Crude materials for further
processing
do.
Intermediate materials, supplies, and
components
do
Finished goods #
do
Finished consumer goods
do,
Capital equipment
do
By durability of product:
Durable goods ..
do
Nondurable goods
do
Total manufactures
do
Durable manufactures
do
Nondurable manufactures
do....
Farm products, processed foods and
feeds
do
Farm products
do
Foods and feeds, processed
..do....
Industrial commodities
do
Chemicals and allied products
do . . . .
Fuels and related prod., and
power
do
Furniture and household durables
do....
Hides, skins, and leather products
do....
Lumber and wood products
do
Machinery and equipment
do....
Metals and metal products
do....
Nonmetallic mineral products
do ....
Pulp, paper, and allied products
do....
Rubber and plastics products
do....
Textile products and apparel ...
do
Transportation equip. #
do
Motor vehicles and equip
do....
102.8
106.9
93.7
96.0
94.5
97.3
101.4
101.2
103.2
104.4
106.1
104.1
103.9
101.1
102.0
101.8
102.3
104.0
101.5
105.4
103.6
111.7
107.1
108.0
106.2
114.3
108.9
109.8
108.0
116.1
109.4
110.0
108.2
116.4
110.6
111.1
109.4
117.1
111.0
111.7
110.1
117.5
111.5
112.1
110.6
117.5
112.4
113.0
111.8
117.6
112.7
114.2
113.2
118.3
112.7
114.3
113.1
118.8
112.5
114.1
112.8
118.7
112.0
113.4
111.9
119.0
112.4
113.5
112.1
118.8
112.3
114.8
'113.3
120.3
112.2
114.8
113.2
120.6
112.0
115.3
113.9
120.7
109.9
97.5
104.4
109.6
99.2
114.7
101.1
109.1
114.1
104.1
116.8
102.0
111.0
116.0
106.1
117.2
102.8
111.4
116.4
106.4
118.1
104.8
112.5
117.1
107.8
118.3
105.2
112.9
117.4
108.3
118.5
106.1
113.4
117.6
109.2
118.7
107.4
114.4
117.8
110.8
118.9
108.6
115.0
118.1
111.6
119.0
108.2
114.9
118.3
111.3
118.8
108.1
114.7
118.2
110.9
119.0
106.7
114.2
118.4
110.0
119.1
107.2
114.5
118.5
110.4
120.0
107.2
115.2
119.5
110.8
119.9
107.3
115.1
119.4
110.8
119.6
108.0
115.1
119.2
110.9
1037
955
107.9
1026
106.4
1100
1049
112.7
1063
116.3
1124
107 9
114.8
107 5
121.1
1129
1089
115.0
108 1
121.7
1150
1120
116.6
109 6
123.7
1146
1108
116.6
110 1
124.3
116 1
113 8
117.5
110 5
124.5
1150
111 0
117.2
111 8
124.9
116 8
115 1
117.9
1124
124.9
1154
111 8
117.4
1124
124.1
115 5
110 5
118.1
1122
123.1
115.0
1093
117.9
111 4
121.9
114.4
1073
118.1
1119
121.8
114.3
106.9
118.1
112.4
121.5
115.4
108.5
119.0
112.2
121.4
116.5
111.1
119.3
112.3
120.9
702
109.9
120.4
1128
110.4
107.1
110.0
121.8
103.0
1051
112.5
111.7
667
113.1
131.4
1189
113.2
118.7
111.2
130.4
109.3
1092
114.3
113.1
644
114.3
130.4
1188
114.5
122.8
111.5
133.1
111.2
1102
1163
116.1
656
114.5
130.1
1190
114.8
124.0
111.7
133.5
111.3
1105
1163
116.0
68 1
115.0
131.2
120 1
115.6
125.3
111.8
135.1
111.9
111 0
1168
116.2
689
115.3
133.2
1220
116.0
125.1
111.8
136.3
112.2
111 3
1171
116.5
69 9
115.7
136.8
1232
116.3
125.6
112.0
136.9
112.7
1112
1168
115.5
742
116.2
136.1
1252
116.5
125.6
112.6
137.4
113.0
111 6
1164
114.8
760
116.5
134.8
1265
116.9
125.2
112.7
137.8
113.0
111 8
1172
115.6
758
117.0
135.2
1274
117.3
124.0
112.8
137.9
112.8
1122
117.6
115.9
755
117.5
136.9
1289
117.8
123.0
112.8
138.0
112.8
112.6
116.9
114.5
720
117.9
137.2
1290
118.0
123.0
112.8
138.4
112.6
112.9
117.1
114.5
739
118.0
137.9
1287
118.1
123.5
112.9
138.5
112.4
113.0
116.6
113.7
73.7
118.0
138.4
130.7
118.3
123.8
112.9
139.1
112.4
113.2
119.9
119.4
73.0
118.0
138.2
129.8
118.6
122.9
113.1
139.2
112.5
113.5
119.9
118.6
74.1
118.2
139.7
128.3
118.9
121.6
113.1
139.3
112.5
113.6
119.8
118.4
3
4
4
4
1
.5
-.4
.4
-.1
Seasonally Adjusted t
Finished goods, percent change from previous
month
By stage of processing:
Crude materials for further processing..
1982=100..
Intermediate materials, supplies, and
components
do...,
Finished goods # .
do
Finished consumer goods
. do
Foods
do....
Finished goods, exc. foods
do....
Durable
do
Nondurable
do ....
Capital equipment
do ...
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices
1982— $1.00..
Consumer prices
1982-84 =$1.00 ..
See footnotes at end of tables.
.949
.880
.926
.846
11
9
9
r
.8
.94.8
97.8
101.8
101.5
103.7
104.5
104.9
103.2
103.4
101.4
102.3
102.3
102.7
104.5
109.0
1095
107.8
115.1
104.1
1150
98.3
115.8
109.5
1099
108.2
115.2
104.7
1154
98.9
116.2
110.8
111 1
1095
116.7
106.0
1163
100.4
116.9
111.3
112 1
110.6
117.8
107.1
1169
101.6
117.4
111.9
1126
111 2
118.8
107.5
1170
102.2
117.5
112.5
113 1
1120
118.1
109.0
1163
104.4
117.4
112.7
114 1
113 1
119.1
110.1
1172
105.7
118.2
112.4
114.2
112.9
118.4
110.2
1177
105.6
118.8
112.2
113.6
112.2
118.3
109.2
117.3
104.4
118.8
111.8
113.2
111.5
118.6
108.1
117.7
102.7
119.2
112.3
1141
112.5
118.0
109.7
1191
104.4
120.2
112.3
114.6
113.2
119.6
110.0
118.7
105.0
119.8
112.2
114.5
H3.0
120.5
109.3
118.5
104.0
120.2
112.1
115.3
113.9
121.1
110.3
119.1
105.2
120.5
.911
.831
.909
.830
900
.826
895
.823
892
.818
885
.812
.876
.808
.875
.806
.876
.804
.881
.800
.871
.796
.871
.795
.867
.793
r
.882
.803
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-7
SURVEY OF CURRENT BUSINESS
January 1990
fLnits
T ..
1988
Annual
1987
1988
Nov.
1989
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
32210
26288
15791
11 161
35894
28467
17 103
11 799
37 578
29 683
18 092
12442
July
Aug.
Oct.
Sept.
Nov.
Dec.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE @
New construction (unadjusted) total
mil $
Private total #
do
Residential
do
New housing units ....
do
Nonresidential buildings, except farm and
public utilities total #
mil $
Industrial ...
do
Commercial
do
Public utilities:
Telecommunications *
do
Public, total #
do
Buildings (excl. military) #
do....
Housing and redevelopment
do ....
Industrial
do ....
Military facilities
do
Highways and streets
do
New construction (seasonally adjusted at
annual rates), total
bil $
Private, total #
do
Residential
do
New housing units
do
Nonresidential buildings, except farm and
public utilities, total # . '
bil $
Industrial
.
do
Commercial
do
Public utilities:
Telecommunications *
do
Public, total # .
do
Buildings (excl. military) # .
do
Housing and redevelopment ..
do
Industrial
do
Military facilities
do
Highways and streets
do....
397 720
320 106
194 656
139 915
409 662
328 739
198 101
138 947
91 994
13707
55445
97 102
14 930
58103
8395
1 367
4949
9 194
77614
25,158
1,519
1,457
4324
25340
8867
80924
27,455
1,499
1,413
3579
28523
CONSTRUCTION CONTRACTS
Construction contracts (F.W. Dodge
Division, McGraw-Hill):
Valuation, total .
mil $
258 570 260 730
Index (mo. data seas, adj.) ft.. ....1982=100..
'166
'165
Public ownership
mil $
66448 67847
Private ownership
..
do
192,123 192 883
By type of building:
Nonresidential
do
91361 90609
Residential
do
121 234 122 000
Non-building construction
..
do
45975 48 121
New construction planning
(Engineering News-Record) §
do
267 823 283 448
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
thous ..
Privately owned...
do
One-family structures. .
do
Seasonally adjusted at annual rates: <>
Total privately owned ....
do
One-family structures
do
New private housing units authorized by building
permits (17,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
thous
One-family structures
do
Manufacturers' shipments of mobile homes:
Unadjusted
thous ..
Seasonally adjusted at annual
rates
do
CONSTRUCTION COST INDEXES
Dept. of Commerce composite $
1982=100 ..
Boeckh indexes:
Average, 20 cities:
Apartments,
hotels,
office
buildings
1982—100
Commercial and factory buildings
do
Residences
do
Engineering News-Record:
Building
1967 — 100
Construction
do
Federal Highway Adm.— Highway construction:
Composite (avg. for year or qtr.)
1977 — 100
See footnotes at end of tables.
(3)
1,622.7
1 620 5 1 488 1
1 1464 1 081 3
1 535
1 024
1 456
232.8
218.3
994
28 166
23018
13 183
9831
26926
22090
12496
9217
8291
1 345
4878
7481
1 177
4372
7 207
1098
4219
7 953
1 214
4706
7 657
1232
4462
8252
1331
4832
8419
1 393
4894
829
6965
2,304
148
115
285
2476
810
5993
2,187
130
103
325
1785
540
5148
2,032
122
59
287
1350
556
4836
2,088
136
94
286
1048
642
5104
2,100
122
126
312
1,233
682
5922
2,361
135
106
171
1757
786
7427
2,497
177
121
323
2540
766
7895
2,597
175
128
360
2939
4154
332 8
2020
141 9
4250
3363
2025
1433
4230
3377
2029
1456
4166
3332
200 5
1453
4168
3381
202 1
1432
411 9
3325
2007
141 8
416 5
3306
197 0
1382
4125
3290
1942
1365
961
154
567
983
150
587
100 5
159
594
986
151
587
1018
157
607
960
162
556
975
159
568
987
163
574
92
826
280
18
14
34
29.0
98
888
285
16
1.2
39
33.7
82
853
278
15
7
34
30.8
80
834
299
16
1.1
34
27.9
78
787
278
15
1.5
37
26.1
88
794
292
16
13
21
27.8
89
859
299
21
14
39
27.4
86
835
295
21
15
43
27.3
19 762
163
r
4 780
14 982
19 198
178
r
4 777
14 421
15776
172
3723
12053
15086
160
3998
11089
21080
158
6011
15068
21725
175
6042
15684
23796
165
6754
17042
24650
166
6859
17792
r
7326
r
9 541
r
r
6726
r
9007
r
3465
6081
7 515
2 181
5 183
7 137
2766
6 600
10 118
4'361
6510
10999
4216
7 959
11 389
4448
25 114
20652
23 659
22688
25083
23972
942
657
100 1
699
858
593
1178
83 5
1 567
1 138
1 577
1 141
1 678
1 199
1 465
1 029
1 508
1 027
1 518
1 058
1 486
1 052
17.6
14.2
227
225
117.1
36087
29 122
17 674
12450
2895
1132
1130
81 2
114.4
116.2
116.9
1173
115 1
1197
1202
1183
1223
121 5
1196
123 7
3756
4098
3846
4207
3872
4252
1720
1847
32469
26476
14*994
10554
30 141
25037
14417
10544
r
r
r
r
37 948 r400 091
29 947 r31 291
18 680 18 953
13,015
12931
39 050
30 084
18 122
12,604
9166
1547
5,309
8949
1615
5,117
r
r
8 198
1 344
4790
r
699
8000
2,766
164
105
r
266
2898
r
4103
3288
1952
1366
r
r
r
976
164
566
r
791
8,800
r
2,919
170
122
r
315
3,407
r
r
726
8,966
r
2,844
145
166
r
410
3,266
38,584
30 398
17,966
12,373
r
36,732
28943
17,067
12,061
9,155
1,677
5,240
8,764
1,608
4,936
800
8,186
r
2,753
166
121
r
279
r
3,004
r
r
r
7,789
2,755
160
127
332
2,555
r
r
r
r
4162
3296
1928
1340
4156
330.2
193 2
1340
4217
330.3
1944
1367
1017
175
577
101 1
179
r
571
101.4
17.8
r
58.2
100.7
18.1
56.7
86
854
31.6
2.0
1.5
33
r
26.4
914
33.3
1.9
1.5
40
29.3
4163
3319
1944
1358
r
27.4
r
84
866
r
309
1.7
2.0
r
49
r
27.6
22330
168
6111
16219
24 128
168
6,381
17,747
23371
181
6,725
16,647
22669
173
6,278
16,391
19137
158
5,373
13,764
16629
160
4,586
12,043
8496
11 568
4586
7976
10318
4036
8626
11,554
3,949
8786
10,159
4,426
8533
10,517
3,619
6,778
8,950
3,409
6,167
7,262
3,200
20 155
24319
21 210
25170
21042
25564
23,182
1294
1004
131 7
101 4
1432
1003
1347
980
1224
91 7
1093
824
1301
r
912
r
969
r
7t9
729
52.0
1 409
981
1 343
1 029
1 308
977
1 406
972
1 420
1 026
1329
990
1264
971
1423
1023
1342
1,003
1,235
904
1 403
989
1 230
870
1 334
954
1 347
905
1 308
874
1 281
906
1328
927
1319
946
1356
961
1,342
r
979
1,337
944
15.3
14.6
18.2
17.1
19.1
18.9
14.4
19.4
16.5
17.7
15.1
232
212
207
198
205
202
178
194
185
191
191
118.6
119.8
120.4
119.7
119.5
119.5
120.6
120.9
r
85
815
301
2.0
1.3
r
32
26,1
ro o
r
844
r
306
r
2.0
1.5
ro o
r
r
r
r
(3)
3873
4252
184 1
3877
4258
3868
4252
387 3
4252
1920
3877
4255
3880
4257
120.4
3887
427 6
1767
3894
4280
120.4
1255
1252
1288
1255
125 1
1287
1248
1240
127 4
124 2
123 5
126 7
124 0
121 5
126 3
123 9
121 1
125 6
119.5
390 6
4288
3949
4325
183.9
3954
432.5
3958
433.4
2
396 6
2
435.6
S-8
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
SURVEY OF CURRENT BUSINESS
,, .,
1987
January 1990
1989
1988
Annual
1988
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Dec.
Nov.
CONSTRUCTION AND REAL ESTATE—Continued
REAL ESTATE 0
pplications for new home construction:
7.6
9.5
10.9
10.4
HA applications
thous. units.
12.5
9.9
12.2
12.4
8.3
7.2
104.9
9.9
6.4
7.3
165.3
115
141
151
132
142
128
92
92
Seasonally adjusted annual rates
do...
138
132
104
104
86
9.5
10.4
9.0
9.2
Requests for VA appraisals
do..
10.2
10.4
9.5
9.1
13.7
7.7
8.0
9.1
132
145
111
113
103
102
Seasonally adjusted annual rates
do..
108
110
135
190
120
201
Home mortgages insured or guaranteed by:
Fed. Hous. Adm.: Face amount
mil. $. 81,880.51 42,577.16 2,535.11 3,501.38 4,629.29 3,508.80 3,189.10 3,064.37 3,166.56 3,773.70 3,059.58 3,511.30 4,325.96 4,790.37 5,240.48
Vet. Adm.: Face amount §
do... 33,322.54 15,773.84 1,334.34 1,368.01 1,239.99 1,222.92 1,363.51 1,127.15 1,164.14 1,071.66
1,102.03 1,032.98 1,217.43 1,326.48 1,192.67
Federal Home Loan Banks, outstanding advances
to member institutions, end of
period
mil. $. 133,054 152,777 145,771 152,777 154,014 158,267 163,779 165,630 164,268 161,870 159,648 156,293 151,101 148,745 145,337 141,794
New mortgage loans of SAIF-insured
15,681
13,218 16,532 15,697
18,541 16,112
institutions, estimated total @...
16,124 15,772
15,522 213,778
21,677
18,319
...mil. $. 253,407 240,297
By purpose of loan:
r
r
1,804
1,957
2,039
2,335
2,426
2,267
2,503
2,397
1,971 2 21,796
2,705
2,256
29,555
Home construction
do
28,413
12,701
9,837 12,776 12,384
Home purchase...
do
11,822 11,404
13,768 12,125
11,458 10,343
15,273
13,634
190,750 176,403
2
1,175
1,355
1,342
1,421
1,943
1,904
1,719
2,269
All other purposes
do
1,640
2,093
3,700
2,429
34,245
34,333
DOMESTIC TRADE
ADVERTISING
Magazine advertising (Leading Natjonal
Advertisers):
Cost, total
mil $
Apparel and accessories
do
Automotive incl accessories
do
Building materials
do
Drugs and toiletries
do
Foods, soft drinks, confectionery
do
Beer wine, liquors
.
do
Houshold equip., supplies, furnishings
do
Industrial materials
do
Soaps cleansers etc
do
Smoking materials
.
do
All other
do
Newspaper advertising expenditures (Newspaper
Advertising Bureau, Inc.): ft
Total
mil $
Classified
•
do
National
do
Retail
do
WHOLESALE TRADE t
Merchant wholesalers sales (unadj.),
total
29,412
10,691
3,494
15,227
7317
2,810
895
3,612
8,520
2,844
920
4,756
mil $ 1,482,975 1,588,330
725,683 782,744
757,292 805,586
138,289
68,957
69,332
136,599
67,261
69,338
131,786
63,265
68,521
127,414
62,003
65,411
148,920
72,946
75,974
137,567
68,014
69,553
148,832
73,231
75,601
146,662
72,803
73,859
134,412
66,904
67,508
148,912
74,373
74,539
142,118 152,192
71,887 r77,042
70,231 '75,150
148,149
74,284
73,865
162,964
105,145
57,819
178,197
114,648
63,549
178,884
114,176
64,708
181,054
115,885
65,169
181,481
117,512
63,969
181,246
117,890
63,356
182,305
120,185
62,120
181,114
121,145
59,969
182,346
121,043
61,303
182,771
123,080
59,691
180,360
121,019
59,341
181,925 187,550
120,951 122,504
60,974 '65,046
187,993
122,609
65,384
122,467
46,036
118,891
45,146
139,759
53,784
137,924
53,754
148,165
58,971
147,055
58,702
142,630
55,307
150,861
59,946
142,110 140,220 146,270
55,181 '51,934 '52,191
5,880
27,233
5,491
27,201
6,774
33,262
7,865
32,491
9,069
35,242
8,737
35,016
8,187
32,874
8,564
36,042
Nondurable goods establishments
do....
Merchant wholesalers inventories, book value
(non-LIFO basis),
end of period (unadj.), total
mil $
Durable goods establishments
do
Nondurable goods establishments
do....
178,884
114,176
64,708
RETAIL TRADE *
All retail stores:
Estimated sales (unadj.), total
mil $ 1,521,417 1,629,150 140,249 170,811
Durable goods stores #
do . 572,489 628,543
51,683
59,847
Building materials, hardware, garden
supply, and mobile home dealers mil. $.. 81,549
88,894
7,255
7,318
Automotive dealers
do.... 334,429 369,028
28,766
28,613
Furniture, home furnishings,
and equipment
do
84,562
8,643
92,952
11,130
Nondurable goods stores
........do.... 948,928 1,000,607
88,566 110,964
General merch. group stores
do .... 176,023 183,783
18,800
29,944
Food stores
do
27,764
314,605 331,892
30,888
Gasoline service stations
do....
8,499
8,365
98,680 101,916
Apparel and accessory stores
do....
7,780
77,998
12,026
82,028
Eating and drinking places
do
147,717 157,504
13,792
12,955
Drug and proprietary stores
do....
4,884
54,958
6,498
58,729
Liquor stores
do
1,574
19,458
2,303
19,143
Estimated sales (seas, adj.), total
do
139,561 139,145
r
r
Durable goods stores #
.
do
53,992 54,125
Bldg. materials, hardware, garden supr
ply, and mobile home dealers*
mil. $..
'7,602
7,760
Building materials and
r
supply stores
do
'5,594
5,468
Hardware stores
do
1,194
1,177
Automotive dealers....
do
31,871 '31,836
Motor vehicle and miscellaneous
auto dealers
do .
29,430 r29,383
Auto and home supply
stores
do
2,453
2,441
Furniture, home furnishings,
r
and equipment # ..
do
8,024
'7,943
Furniture, home furnishings stores
do .
'3,962
3,940
Household appliance, radio, and
r
TV stores
do
'3,412
3,536
See footnotes at end of tables.
7,829
3,104
753
3,972
8,320
3,072
745
4,502
31,197
11,771
3,586
15,840
7,813
32,859
••7,923
29,571
r
'7,299
'28,232
7,840
85,975
14,537
29,459
8,599
6,992
13,567
5,223
1,499
139,516
52,886
7,596
84,170
14,657
28,373
9,113
6,774
13,648
4,814
1,509
141,413
53,901
8,089
89,194
15,489
30,281
9,859
7,056
14,153
5,178
1,645
142,543
54,139
8,308
88,353
15,219
30,388
9^19
6,834
14,456
5,054
1,675
142,500
54,016
7,962
87,323
14,166
30,794
28,952
9,887
14,627
4,956
1,725
143,555
54,653
8,489
90,915
15,908
30,651
9,707
7,786
14,850
5,187
1,674
144,860
55,876
7,742
.7,483
7,228
7,481
7,611
7,593
7,605
7,731
7,583
7,481
'7,535
5,678
1,175
31,194
5,409
1,149
30,643
5,190
1,117
30,787
5,351
1,139
31,407
5,402
1,204
31,172
5,384
1,193
31,165
5,325
1,208
31,851
5,395
1,215
32,724
5,291
1,221
32,972
'5,306
1,210
r
31,173
5,266
1,217
'31,059
28,725
28,174
28,273
28,868
28,573
28,599
29,268
30,116
30,280
'28,520
'28,351
2,469
2,469
2,514
2,539
2,599
2,566
2,583
2,608
2,692
'2,653
2,708
8,319
r
'8,440
8,195
8,329
8,366
8,412
8,238
8,365
1
1
6,854
27,051
11,326
'9,025
8,154
8,116
86,929 -88,286 '94,079 116,357
1
14,931 15,832 '20,081 1 30,521
32,858
29,881 '29,191 '29,622
1
9,217
'9,036
'9,329
9,072
'8,313 1 12,536
-•7,248
7,247
13,913 13,961 13,347 13,948
1
6,962
'5,351
'5,172
5,055
1,639
1,552
1,610
1
144,440
144,184
145,293 143,426
1
53,720
55,861 '53,980 '54,026
7,054
73,745
11,025
26,125
7,649
5,103
11,885
4,778
1,335
139,428
53,071
8,287
174,815
1
58,458
1
7,505
76,431
10,954
27,204
7,985
5,480
12,497
4,898
1,425
140,040
53,815
8,264
1
r
8,380
4,123
4,031
3,929
3,994
3,948
3,910
3,894
3,967
3,883
r
3,914
4,071
3,555
3,665
3,697
3,768
3,853
3,928
3,762
3,791
3,802
'3,828
3,712
'7,540
1
30,829
' 28,074
1
8,353
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-9
SURVEY OF CURRENT BUSINESS
January 1990
T , .,
umis
1988
Annual
1987
1989
Nov.
1988
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Nov.
Oct.
Dec.
DOMESTIC TRADE—Continued
RETAIL TRADE t-Continued
All retail stores— Continued
Estimated sales (seas, adj.)— Continued
Nondurable goods stores
mil $
General merch. group stores...
do
Department stores excluding
leased departments
do....
Variety stores
do
Food stores . . . .
do
Grocery stores
.
do
Gasoline service stations
do
Apparel and accessory stores #
do....
Men's and boys' clothing and
furnishings stores
.
do
Women's clothing, specialty stores,
and furriers
do....
Shoe stores...
do
Eating and drinking places
do
Drug and proprietary stores
do....
Liquor stores
do....
Estimated inventories, end of period:
Book value (non-LIFO basis),
(unadjusted), total
mil $
201 799
Durable goods stores #
do
105 716
Bldg. materials, hardware, garden supply, and mobile home dealers
do
14126
Automotive dealers
do
56596
Furniture, home furnishings,
and equipment
•
do
16231
Nondurable goods stores #
do
96083
33478
Department stores excluding
26 510
leased departments
do
Food stores
do
20521
Apparel and
accessory
stores
do
15728
Book value (non-LIFO basis),
(seas adj ) total
do
206 981
Durable goods stores #
do
106 271
Bldg. materials, hardware, garden supply, and mobile home dealers
do
14823
Automotive dealers
do
55500
Furniture, home furn.,
and equip...
do
16280
Nondurable goods stores #
do
100 710
General merch group stores
do
36856
Department stores excluding
leased departments
do
29036
Food stores
do
20362
Apparel and accessory
stores
do
17 022
Firms with 11 or more stores:
Estimated sales (unadj ) total
mil $
567 503
Durable goods stores
do
67 830
Auto and home supply stores
do
7 274
Nondurable goods stores #
do
499 673
General merchandise group
stores
do
162 306
Food stores
do
179 202
Grocery stores
.do
176 420
Apparel and accessory stores
do.... 41866
Eating places....
do
37793
Drug stores and proprietary
stores
do
32255
Estimated sales(sea. adj.), total #
do
Auto and home supply stores
do
Department stores excluding
leased departments
do
Variety stores
do
Grocery stores
do
Apparel and accessory stores
do ....
Women's clothing, specialty stores,
and furriers .
do
Shoe stores
do
Drug stores and proprietary
stores
do....
r
85 569
15 681
r
85 020
15 686
86225
15985
86357
15755
86630
15746
87 512
15878
88404
15743
88484
16,025
88902
16090
88984
16,012
89,432
16,320
r
89,446
16,308
r
90,158
16,436
1
90,720
1
13,160
r
692
r
28 490
r
26
701
r
8544
r
7,022
13,182
r
688
r
28 014
r
26
239
r
8568
r
7,065
13,353
683
28730
26928
8477
7,189
13,238
654
29016
27193
8633
6,978
13,246
643
29046
27156
8,847
6,977
13,400
623
29243
27445
9186
7,248
13,208
640
29606
27768
9,453
7,287
13,471
660
29592
27,770
9,369
7,337
13,497
672
29775
27946
9,327
7,385
13,444
672
29,895
28,060
9,072
7,444
13,674
683
29,949
28,137
9,054
7,377
13,660
r
718
r
30,023
r
28,172
r
9,146
'7,388
13,784
742
r
30,106
'28,236
r
9,268
r
7,483
1
781
774
775
766
768
779
2,815
2,799
1 314 1329
13567 13,648
5,132
5,057
1,648
1,633
2,792
1345
13,676
5,095
1,641
2,785
1351
13,734
5,179
1,655
2,801
1340
13,750
5,250
1,649
2,772
1328
13,858
5,344
1,656
r
r
761
r
2,747
1227
13565
r
5,009
1,572
215 842
114 461
14861
60 719
18030
101 381
35222
766
808
r
2,812
2,739
1 271 1 280
13
642
13778
r
5,129
4,904
1,623
1,592
230 599 215 842
115 396 114461
772
2,723
1 216
13,581
5,151
1,619
14971
61450
19 337 18030
115 203 101 381
44025 35222
17 679
100 653
34682
16050
66,260
15585
63157
17 527 17799 17 624 17 655 17752
103 980 107 379 108 908 109 344 109,229
36823 38828 39711 39505 39204
17699
111 036
40230
15647
63816
16187
64733
16083
65609
16262
66116
772
781
2,834
1,336
13,918
r
5,438
1,636
1
1
9,386
7,493
13,796
5,384
1
28293
21852
27726
21715
29492
21658
31 170
21915
32030
22032
31913
22338
31628
22,464
32257
22,404
33313
22,255
16 173
19651
16 173
15965
17323
17922
18 034
18003
17769
18578
19344
222 584
115 704
15514
60 123
15,496
60,906
18 015 18 459 19601
125,316
113,981 118,179
41 658 r44 204 48258
35361
22157
218 093 221 242
112 904 114 994
15,265
r
58,508
15,385
59,130
28 293
21852
221 242
114 994
r
2,788
1309
13,836
r
5,360
1,620
r
13,726
1
30,297
1
28,429
1
215 551 221 571 226793 229 201 230 642 230 716 229 497 229,461 r234,186 246,722
114 898 117 591 119 414 120 293 121 298 121 487 118 461 115 480 116 007 121 406
14861
60719
14728
57727
776
2,707
1 209
13677
5,199
1,614
16,374
r
35,409
r
22,552
38,754
23,481
19 833
20 603
r
224 185 224 693 226 656 " 230 423 231 762 232 831 235 350 236 791 236 047
116 169 115 993 117 093 118835 119542 119 864 121 782 123 030 121 274
15694
60631
15685
60 656
18 151 18 182
106 880 108 016
38578 39049
18 162
108 700
39459
15667
63739
15613
64054
15446
64082
15,385
65450
15
529
r
66 318
15732
63888
15610
59421
15 137
58 183
15610
59421
18084
106 248
38766
18 106
105 189
38405
18084
106 248
38766
30989
21706
30669
21228
30989
21 '706
30875
21 845
31 275
21 910
31 645
21*949
31 682
22221
32531
22540
33015
22508
33427
22586
33380
22668
r
33 691
r
17 522
17 656
17 522
17759
18 177
18067
18 179
18427
18548
18709
18 690
18 588
18 545
r
51 474
r
6r331
727
r
45 143
52297
6366
760
45931
15479
62440
17 856 17 906
109 563 111 588
39496 40 439
17968 18 116 18179 18 168 18370
114 773
112 220 112 967 113 568 113761
40866 41 345 41 458 r41 819 42 199
22 648
33906
22944
598 623
74492
7 624
524 131
54 671
6743
652
47 928
74881
10383
634
64 498
43 742
5206
538
38 536
42 223
4 854
503
37 369
50 597
5790
641
44 807
49 761
6020
658
43 741
52791
6 663
738
46 128
52244
6576
753
45668
50966
6 393
749
44573
53899
6643
772
47 256
170 529
187 687
184 820
43888
39302
17 565
15595
15363
4263
3 224
27 994
17 627
17233
6678
3 386
10 123
15636
15423
2734
3 147
10218
14813
14 587
2 625
2986
13487
16649
16384
3785
3 502
13 572
15850
15632
3*644
3 511
14331
16791
16556
3 812
3 552
14 124
16695
16 462
3708
3 607
13066
16941
16712
3496
3712
14760
16754
16521
4,369
3776
13 785
16 504
16
284
r
3,962
3 512
14566
16223
15991
3,925
3 571
34 515
2860
50997
618
4 146
50802
622
2 924
52 494
645
2 846
51 858
647
3 110
51 584
650
2 830
52305
649
3 081
52764
685
3029
53073
708
2955
53286
715
3 089
53308
704
r
r
2989
53r768
716
3017
53582
718
12793
557
15 645
3778
12834
547
15 400
3716
12952
548
16 099
3 884
12791
514
16 083
3779
12 790
513
15 953
3721
12899
*494
16 132
3952
12726
503
16 263
3988
13032
525
16 219
3996
13 030
535
16 352
4017
12999
'529
16 293
4,076
13r 223
533
16 432
r
4,058
13 171
547
16 503
4,027
1 483
761
1 480
760
1 545
782
1 472
751
1 474
744
1 555
844
1 596
828
1 554
842
1 552
852
1 553
849
1r 531
847
1 543
'822
2,948
2,846
3,071
3,159
3,049
3,033
3,081
3,078
3,127
3,175
'3,214
3,223
187,995
127 235
1 666
186 329
125 569
118719
6850
188,149
127 904
1 666
186 483
126 238
119 502
6736
188,286
127 132
1688
186 598
125,444
119 092
6352
188,428
125 530
1702
186 726
123,828
117 498
6330
188,580
126 125
1709
186 871
124,416
118 194
6 222
LABOR FORCE, EMPLOYMENT, AND EARNINGS
LABOR FORCE AND POPULATION
Not Seasonally Adjusted
Noninstitutional population, persons 16
years of age and over
thous .. 184,490
Labor force @
do
121 602
Resident Armed Forces
do
1 737
Civilian noninstitutional population
do
182 753
Civilian labor force, total
do.... 119 865
Employed
do
112 440
Unemployed ...
do
7 425
Seasonally Adjusted 0
Civilian labor force, total
do
65.6
Participation rate t
percentEmployed, total
thous ..
Employment-population ratio f percent ..
ei.5
Agriculture
thous ..
3,208
Nonagriculture
do.... 109,232
Unemployed, total
do ....
Long term, 15 weeks and
over
do....
1983
See footnotes at end of tables.
186,322
123 378
1 709
184 613
121 669
114 968
6701
186,949
124 344
1 705
185 244
122 639
116314
6 325
187,098
123 816
1 696
185 402
122 120
115 978
6 142
187,340
123 791
1 696
185 644
122 095
114 786
7 309
187,461
123 590
1 684
185 777
121 906
115 023
6883
187,581
123 907
1 684
185 897
122 223
115 844
6378
187,708
124 260
1 684
186 024
122 576
116 347
6229
187,854
124 869
1*673
186 181
123 196
117 039
6 156
188,721 188,865
126 368 125 698
1,700
1704
187,017 187,165
124,664 123,998
118 168 117 698
6,300
6495
122 510 122 650 123 265 123 117 123 245 123 615 123 551 '124 111 '124 013 124 070 '124 023 124 148 124 488 124,546
66.5
66.6
66.4
66.4
66.5
'66.2
66.1
66.5
66.4
66.5
66.3
'66.4
66.6
66.3
116,012 116 141 116 640 116757 117 047 117 084 117 132 117 542 117 436 117,550 117,419 117,585 117,836 117,888
63.0
63.0
62.9
62.9
63.0
62.6
62.6
62.3
63.0
'62.9
63.1
'62.9
'62.8
'62.8
63.0
r
r
r
3,197
'3,160
'3,197
'3,219
'3,275
3,192
'3,256
'3,217
'3,144
3,196
'3,268
3,169
'3,137
'3,138
3,185
111,800 112,756 112,949 113,372 113,561 113,862 113,940 113,995 114,404 114,219 114,275 114,200 114,388 114,676 114,691
r
r
r
r
r
r
6,658
'6,652
'6,563
'6,520
'6,604
'6,569
6,360
6,498
6,509
'6,577
'6,419
6531
6,198
6625
65.9
1610
1,467
1476
1499
1300
1335
1391
1331
1295
1461
1,338
1,359
1,378
1,422
1,362
S-10
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
Annual
IT .,
Units
1987
January 1990
1989
1988
Nov.
1988
Jan.
Dec.
Apr.
Mar.
Feb.
Aug.
July
June
May
Oct.
Sept.
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
Hispanic origin
Married men, spouse present
Married women, spouse present
Women who maintain families
Industry of last job:
Private nonagricultural wage and
salary workers ....
Construction
Manufacturing
Durable goods
Agricultural wage and salary workers ....
6.2
5.4
5.4
169
53
13.0
8.8
3.9
4.3
92
5.5
4.8
4.9
153
47
11.7
8.2
3.3
3.9
81
62
11.6
6.0
5.8
10.5
55
10.6
5.3
5.0
10.6
r
5.3
r
4.7
r
r
l6
5.3
'4.6
4.7
148
4.6
11.4
7.6
3.1
'3.6
82
5.4
4.6
4.7
161
4.6
11.7
'8.2
3.1
'3.7
r
79
5.2
4.5
4.6
148
43
11.6
r
7.0
'3.0
3.4
80
5.0
4.2
4.6
14 0
r
4.3
11.0
'6.7
2.9
3.5
79
5.3
4.6
4.7
146
'4.5
11.0
'8.2
3.2
4.0
'7.8
55
106
51
r
4.8
'9.4
r
5.3
10.3
r
5.1
r
4.9
'9.0
r
5.5
10.3
r
5.2
'4.8
9.5
r
52
10.0
4.9
r
4.5
'9.1
r
5.1
r
r
5.3
r
4.8
13 8
46
11.2
8.0
'3.2
3.8
r
r
9.6
4.8
'4.6
8.9
9.8
'5.0
4.7
r
9.8
5.2
4.3
4.7
150
4.4
11.1
7.9
2.9
3.8
r
82
5.3
'4.4
r
4.8
154
4.5
11.8
'8.0
'2.9
3.8
79
'5.3
4.4
'4.9
15.1
'4.5
11.0
r
8.8
'3.0
3.8
r
8.5
'5.3
r
4.5
4.7
14.8
4.5
11.2
r
8.8
3.1
3.9
8.0
5.3
4.8
4.5
15.0
4.5
11.7
8.3
'3.3
3.8
'7.7
5.3
4.5
'4.8
14.9
r
4.5
11.7
'8.0
3.0
r
3.9
r
7.8
'5.3
'4.6
'4.8
15.3
'4.5
11.9
'8.0
3.1
'3.8
'8.2
5.3
4.6
4.8
15.2
4.6
11.8
8.5
3.0
3.9
8.1
52
9.5
4.9
'4.6
'9.9
5.3
10.0
r
5.1
4.6
10.4
5.4
10.3
r
5.1
4.7
r
8.9
5.4
10.2
5.2
r
4.9
r
9.0
5.4
10.1
'5.2
r
4.9
'7.8
5.3
'9.3
5.4
5.2
r
9.8
'5.4
9.8
'5.4
'5.4
12.1
5.4
9.8
5.6
5.4
9.7
r
r
r
Not Seasonally Adjusted
Occupation:
Managerial and professional specialty
Technical, sales, and administrative
support
Service occupations
Precision production, craft, and repair....
Operators, fabricators, and laborers
Farming, forestry, and fishing
2.3
1.9
1.6
1.7
2.1
2.0
1.8
1.8
1.9
2.0
2.2
2.1
2.3
1.9
2.0
1.9
4.3
7.7
6.1
9.4
7.1
4.0
6.9
5.4
8.4
7.2
3.8
6.8
5.2
7.8
7.5
3.5
6.2
5.3
8.2
7.5
4.3
7.0
6.7
10.0
9.2
4.0
6.3
6.8
9.2
8.5
3.8
5.9
6.1
8.3
7.9
3.6
7.0
5.6
7.8
6.3
3.9
6.6
5.1
6.9
5.4
38
6.9
4.9
7.6
5.1
4.1
6.5
4.0
8.1
4.7
3.9
6.4
4.5
7.5
5.1
4.0
6.5
4.6
7.5
4.6
4.1
6.3
4.5
7.3
6.3
3.8
6.9
4.7
8.0
8.5
3.5
6.4
5.5
8.2
7.3
EMPLOYMENT §
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seas, variation
thous..
Private sector (excl. government)
do ....
102,200
85,190
105,584
88,212
107,736
89,827
107,917
90,098
105,915
88,380
106,342
88,463
107,017
89,052
107,944
89,975
108,745
90,715
109,534
91,742
108,540
91,733
108,666 109,486 109,975 110,328 "110,379
91,973 '91,916 '91,904 '92,100 "92,206
105 584
88,212
68,809
25,249
721
5125
19,403
11,437
765
530
600
774
1,431
2,082
2070
2,051
106 824
89,299
69,742
25,460
712
5191
19,557
11,545
775
532
605
784
1,445
2,120
2075
2,060
107,097
89,574
69,985
25,513
711
5213
19,589
11,565
780
532
607
785
1,449
2,126
2067
2,063
107,442
89,897
70,249
25,626
711
5267
19,648
11,605
784
532
607
786
1,458
2,134
2065
2,079
107,711
90,124
70,476
25,629
711
5,270
19,648
11,594
778
534
608
786
1,458
2,138
2062
2,067
107,888
90,291
70,611
25,646
714
5252
19,680
11,604
777
535
607
788
1,457
2,143
2060
2,071
108,101
90,475
70,803
25,671
720
5,279
19,672
11,600
772
537
606
788
1,454
2,144
2,058
2,073
108,310
90,623
70,956
25,672
722
5,283
19,667
11,594
771
534
604
>787
1,452
2,150
2,050
2,076
108,607
90,884
71,234
25,648
715
5,283
19,650
11,567
769
534
603
787
1,449
2,151
2,041
2,062
108,767
91,016
71,367
25,669
706
5,314
19,649
11,549
767
536
602
785
1,446
2,154
2,040
2,046
108,887 109,096 109,171 109,393
91,083 '91,230 '91,328 '91,567
'71,791 '72,057
71,439 '71,671
25,694 r25,614 '25,603 '25,607
'737
'731
730
729
'5,360
'5,335
'5,325
5,321
19,644 19,559 19,537 19,510
11,551 11,480 11,457 11,436
'766
'764
759
763
524
525
529
528
r
r
601
600
597
601
r
'772
776
'777
786
1,431
1,434
1,443
1,438
'2,145
'2,139
2,152
'2,147
r
'2,012
'2,018
2,034
2,023
r
'2,018
'2,031
2,068
2,038
749
386
7,967
1,636
56
729
762
387
8012
1,648
56
725
767
389
8,024
1,646
56
724
770
390
8,043
1,650
56
728
772
391
8,054
1,650
56
728
776
390
8,076
1,655
56
729
111
391
8,072
1,657
54
728
778
392
8,073
. 1,656
53
728
779
392
8,083
1,663
52
729
781
392
8,100
1,678
53
730
782
393
8,093
1,667
52
727
780
'393
8,079
1,674
51
723
r
779
'391
'8,080
1,676
51
'724
778
'389
'8,074
1,669
51
722
"777
"393
"8,076
"1,668
"51
"721
1 092
693
1,561
1,065
162
1 088
695
1,581
1,075
162
1 090
696
1,588
1,079
162
1092
696
1,595
1,084
160
1096
696
1,595
1,085
161
1 101
697
1,600
1,088
161
1,098
696
1,601
1,090
162
1,095
697
1,603
1,094
162
1,093
697
1,607
1,096
163
1,094
701
1,609
1,091
163
1,095
700
1,611
1,097
163
1,088
697
1,612
1,095
163
1,084
'697
1,612
1,096
164
1,084
'697
1,616
1,098
164
"1,086
"698
"1,618
"1,102
"162
Seasonally Adjusted
Total employees, nonagricultural
102,200
payrolls
do
85,190
Private sector (excl. government)
do
;.
66,166
Nonmanufacturing industries
do....
24,708
Goods-producing
do ....
717
Mining
..
do
4,967
Construction..
do
19,024
Manufacturing
do
11,194
Durable goods
do. .
741
Lumber and wood products..
do....
516
Furniture and fixtures ..
do
586
Stone, clay and glass products
do....
Primary metal industries
do....
747
1,401
Fabricated metal products
do....
Machinery, except electrical
do . . . ,
2,008
Electric and electronic equip
do
2069
2,051
Transportation equipment
do....
Instruments and related
706
products
do
371
Miscellaneous manufacturing
do ....
7,830
Nondurable goods
do
1,620
Food and kindred products
do....
Tobacco manufactures..
do
55
Textile mill products
do....
726
Apparel and other textile
1 099
products
..
do
680
Paper and allied products
do....
Printing and publishing
do....
1,506
1,026
Chemicals and allied products
do....
164
Petroleum and coal products
do....
Rubber and plastics prod311
ucts, nee
do
143
Leather and leather products
do....
77,492
Service-producing
do
5,372
Transportation and public utilities
do....
5844
Wholesale trade
..
do
Retail trade
. . do
18,483
Finance, insurance, and real
6,547
estate
do
Services
.. .
do
24236
Government
do
17,010
2,943
Federal
do
3,967
State
do
10 100
Local
do
Production or nonsupervisory workers on private
68,976
nonagric. payrolls, not seas, adjusted
thous.
Manufacturing
do
12970
829
144
80335
5,548
6029
19,110
839
143
81 364
5,616
6 104
19282
840
143
81584
5,634
6125
19,328
839
143
81816
5,654
6 146
19,407
843
144
82082
5,667
6 171
19,460
845
144
82242
5,666
6197
19,488
843
143
82,430
5,682
6,206
19,489
843
142
82,638
5,700
6,222
19,528
841
142
82,959
5,716
6,230
19,551
841
140
83,098
5,736
6,237
19,586
841
140
83,193
5,618
6,256
19,621
837
139
'83,482
r
5,709
6,264
19,632
'837
139
'83,568
'5,729
'6,278
19,679
'835
138
'83,786
'5,745
'6,297
19,725
"831
"139
"83,992
"5,818
"6,311
"19,713
6,676
25 600
17372
2,971
4,063
10339
6,726
26 111
17525
2,983
4,085
10457
6,744
26230
17,523
2,981
4,085
10457
6,746
26318
17545
2,978
4,084
10483
6,763
26434
17,587
2,982
4,095
10 510
6,774
26520
17,597
2,982
4,102
10513
6,776
26,651
17,626
2,982
4,111
10,533
6,790
26,711
17,687
2,999
4,119
10569
6,808
26,931
17,723
2,995
4,136
10592
6,815
26,973
17,751
3,000
4,145
10,606
6,836
27,058
17,804
2,999
4,154
10,651
r
6,852
r
27,159
17,866
'2,996
'4,182
10,688
'6,851
'27,188
17,843
'2,984
'4,153
10,706
'6,872
'27,321
17,826
'2,978
'4,16?
10,685
"6,885
"27,405
"17,860
"2,976
"4,174
"10,710
71,413
13 254
72,810
13460
73,029
13420
71,336
13 312
71,391
13318
71,923
13 348
72,751
13362
73,428
13390
74,343
13487
74,324
13,296
74,547
13,452
'74,475
13,474
'74,477
13,409
'74,634
13,365
"74,672
"13,307
68,976
17,358
511
3,877
12970
7,439
620
413
71 413
17775
519
4,002
13254
7,635
637
423
72273
17929
511
4,053
13365
7,717
645
426
72,494
17,963
510
4,068
13385
7,730
647
426
72,774
18,065
510
4,132
13,423
7,758
652
426
72,949
18,048
510
4,112
13,426
7,749
648
427
73,101
18,052
514
4,096
13442
7,749
646
428
73,204
18,053
519
4,104
13,430
7,744
642
428
73,315
18,058
521
4,111
13,426
7,735
641
427
73,555
18,022
511
4,111
13,400
7,706
638
426
73,670
18,047
503
4,134
13,410
7,697
636
427
73,741
18,071
525
4,145
13,401
7,696
633
421
r
73,837
17,987
525
4,143
13,319
r
7,632
r
629
'420
'73,897
17,978
'527
'4,14'
13,307
'7,615
633
'418
'74,116
17,982
529
'4,17^
13,27<
'7,597
'634
416
"74,147
"17,922
"526
"4,124
"13,272
"7,584
"631
"413
do..
do
do..
do..
do . .
453
563
1,039
1,191
1,214
1,292
466
592
1067
1,252
1,224
1,281
470
601
1079
1,279
1,233
1,283
472
602
1082
1,285
1,224
1,285
473
603
1,089
1,292
1,222
1,294
474
602
1,087
1,298
1,218
1,286
472
603
1,086
1,298
1,214
1,292
471
603
1,080
1,298
1,213
1,297
469
601
1,079
1,302
1,205
1,297
468
602
1,074
1,303
1,198
1,284
468
601
1,073
1,309
1,199
1,270
467
600
1,069
1,304
1,195
1,291
463
'593
1,062
1,299
1,189
1,262
'466
'590
1,06:
1,293
1,184
1,255
'468
'587
1,058
1,301
1,181
1,240
"463
"586
"1,055
"1,305
"1,175
"1,240
do
do . .
384
270
412
281
421
280
425
282
424
283
425
284
427
283
428
284
430
284
429
284
431
283
430
286
431
284
'431
'284
'430
'282
"430
"286
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
Primary metal industries
Fabricated metal products...
Machinery, except electrical
Electric and electronic equip
Transportation equipment
Instruments and related
products
Miscellaneous manufacturing
See footnotes at end of tables.
"109,535
"91,675
"72,190
"25,543
"736
"5,322
"19,485
"11,409
"764
"520
"599
"770
"1,426
"2,143
"1,999
"2,018
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-ll
SURVEY OF CURRENT BUSINESS
January 1990
1989
1988
Annual
IT .,
units
1988
1987
Dec.
Nov.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
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 trade
„
do ....
Retail trade
do....
Finance, insurance, and real
estate
do
Services
do
5,531
1,148
42
630
5,619
1,163
42
632
5,648
1,173
42
628
5,655
1,172
42
628
5,665
1,175
41
630
5,677
1,177
41
630
5,693
1,182
41
630
5,686
1,184
40
630
5,691
1,184
38
630
5,694
1,190
38
630
5,713
1,205
39
631
5,705
1,197
39
627
r
5,687
1,203
38
r
623
923
516
841
575
107
919
524
874
596
105
916
525
883
602
106
919
525
886
604
105
922
524
887
607
104
926
524
888
608
105
930
525
891
610
105
927
524
889
609
105
925
525
891
614
106
922
525
892
616
107
922
528
893
614
107
922
528
894
617
107
'917
-524
892
614
107
629
120
51618
4,455
4,682
16,431
646
119
53,637
4,610
4,854
16,936
655
118
54,344
4,671
4,917
17,066
656
118
54,531
4,691
4,931
17,106
656
119
54,709
4,704
4,948
17,171
659
119
54,901
4,718
4,970
17,215
660
119
55,049
4,718
4,990
17,244
660
118
55,151
4,735
4,996
17,235
660
118
55,257
4,752
5,007
17,280
656
118
55,533
4,763
5,016
17,317
657
117
55,623
4,779
5,021
17,338
658
116
55,670
4,665
5,038
17,388
4808
21242
4849
22389
4873
22 817
4,879
22,924
4,886
23,000
4,893
23,105
4,900
23,197
4,902
23,283
4,918
23,300
4,933
23,504
4,944
23,541
4,954
23,625
34.7
34.7
41.9
37.8
34.9
34.7
42.8
37.3
34.5
34.8
42.2
36.5
34.3
34.6
41.7
36.2
34.4
34.7
42.0
37.4
34.8
34.9
42.8
37.9
34.5
34.6
42.0
37.7
34.8
34.6
42.6
38.0
35.1
34.8
42.5
38.9
r
'5,682
1,198
38
622
"5,688
"1,195
"38
"623
914
'526
'892
617
107
'913
'526
'896
'618
108
"917
"528
"897
"622
"106
r
653
116
'55,850
r
4,758
r
5,037
17,391
'653
115
'55,919
r
4,782
'5,053
17,383
'649
114
'56,134
'4,787
'5,062
17,472
"647
"115
"56,225
"4,853
"5,062
"17,437
'4,969
'23,695
'4,972
'23,729
'4,982
'23,831
"4,987
"23,886
34.9
34.6
43.2
39.0
'34.7
34.7
'43.7
38.6
'34.8
'34.7
'43.9
39.2
34.5
34.6
'43.5
'38.0
"34.6
"34.5
"43.7
"37.1
5,692
1,205
38
'625
r
AVERAGE HOURS PER WEEK §
Seasonally Adjusted
Avg. weekly hours per worker on private nonag.
payrolls: <>
Not seasonally adjusted
hours..
Seasonally adjusted .
do
Mining $
do....
Construction $
do ....
Manufacturing:
Not seasonally adjusted
do....
Seasonally adjusted
do
Overtime hours
do
Durable goods
do....
Overtime hours
do....
Lumber and wood products
do....
Furniture and fixtures
do
Stone, clay, and glass products
do ....
Primary metal industries ..
do
Fabricated metal products
do
Machinery, except electrical
do ....
Electric
and
electronic
equip
do
Transportation equipment
do
Instruments
and related
products
do
Miscellaneous manufacturing
do
Nondurable goods
do
Overtime hours
do...
Food and kindred products
do....
Tobacco manufactures $
do
Textile mill products
do
Apparel and other textile
products
do....
Paper and allied products
,
do....
Printing and publishing
do....
Chemicals and allied products
do
Petroleum and coal products $
do....
Rubber and plastics products nee
do
Leather and leather products
do
Transportation and public utilities
do....
Wholesale trade
do
Retail trade
....
do
Finance, insurance, and real
estate J
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 trade
do...
Retail trade
do
Finance, insurance, and real
estate
do
Services
.
do
Government
do
Indexes of employee-hours (aggregate weekly): <0
Private nonagric. payrolls, total
1977 = 100 .
Goods-producing
do ...
Mining
do ...
Construction
do
Manufacturing
do ...
Durable goods
do...
Nondurable goods
do.
Service-producing
do ...
Transportation and public
utilities
do
Wholesale trade
do...
Retail trade
do
Finance, insurance, and real
estate
do...
Services
do
See footnotes at end of tables.
34.8
34.7
42.4
37.8
42.3
37.9
41.0
41.1
3.7
41.5
3.8
40.6
400
42.3
431
41.6
42.2
39
41.8
4.1
40.3
394
42.3
436
419
42.6
41.5
41.2
3.9
41.9
4.2
40.3
395
42.6
43.7
42.1
42.5
41.7
41.0
3.9
41.7
4.1
40.3
394
42.4
43.5
41.8
42.5
41.0
41.1
3.9
41.8
4.1
40.3
39.8
42.5
43.6
41.9
42.5
40.8
41.1
3.9
41.8
4.1
39.6
39.7
42.2
43.4
41.9
42.6
41.0
41.0
4.0
41.7
4.1
40.0
39.8
42.2
43.5
41.8
42.5
41.0
41.3
3.9
41.9
4.1
40.5
39.9
42.5
43.3
41.9
42.7
40.9
41.0
3.8
41.5
3.9
39.7
39.4
41.9
43.2
41.7
42.5
41.1
41.0
3.8
41.5
3.9
39.8
39.4
42.2
43.3
41.5
42.5
40.5
41.0
3.9
41.5
4.0
39.6
39.5
42.3
43.0
41.5
42.4
40.8
41.0
3.8
41.6
3.9
40.2
39.6
42.5
42.9
41.5
42.2
41.2
'41.0
3.8
41.6
3.9
40.2
39.6
42.2
42.8
'41.6
42.3
'40.9
40.8
'3.7
'41.2
3.8
40.4
'39.2
42.3
'42.5
'41.5
42.0
41.0
40.7
3.7
'41.2
3.7
'40.1
39.3
'42.3
42.4
'41.4
'42.1
"41.3
"40.7
"3.7
"41.2
"3.7
"39.8
"39.1
"41.7
"42.5
"41.0
"42.1
409
420
41 0
427
410
431
408
428
409
42.8
409
43.1
40.6
43.1
41.0
42.8
40.7
42.5
40.7
42.5
40.6
42.6
40.9
42.7
41.1
42.8
'40.9
'41.2
40.8
'40.9
"40.6
"42.2
41 4
394
402
3.6
40.2
390
418
41 5
392
401
37
40.3
39 8
41 1
41 6
393
402
3.6
40.6
403
41 0
41 1
390
400
36
40.2
39 9
405
41 5
394
401
3.6
40.1
380
409
41 5
395
402
3.7
40.3
378
408
41 1
395
40.1
3.8
40.4
363
41 1
415
39.8
40.4
3.8
40.7
381
417
41.1
39.6
40.2
3.7
40.5
39.5
41.4
41.3
39.4
40.3
3.6
40.7
40.1
41.4
41.4
39.3
40.2
3.8
41.0
37.9
41.2
41.1
39.4
40.2
3.6
40.8
37.3
41.0
41.0
'39.2
'40.2
3.7
'41.0
'40.3
'40.6
41.1
'39.3
'40.2
3.7
'40.8
'40.2
'40.7
'41.2
'39.8
40.1
3.6
'40.8
'39.0
'40.4
"41.0
"39.5
"39.9
"3.6
"40.6
"37.0
"40.3
37.0
43.4
38.0
423
44.0
37.0
43.2
38.0
423
44.4
37.0
43.1
37.9
423
44.2
36.8
43.2
37.8
423
44.3
37.0
43.1
38.0
423
43.5
37.1
43.2
38.0
423
44.0
36.9
43.3
37.9
423
43.2
37.6
43.4
37.9
426
44.3
37.1
43.3
37.7
421
43.9
37.1
43.3
37.8
42.5
44.6
37.0
43.2
37.6
42.5
44.3
37.0
43.5
37.7
42.4
43.7
37.0
43.2
37.9
42.5
'44.4
'36.9
'43.4
'37.8
'42.4
'45.1 .
36.9
'43.4
37.9
42.4
'44.5
"36.3
"43.2
"37.7
"42.8
"42.5
41 6
382
39.2
38 1
29 2
41 7
37 5
39.3
38 1
29 1
41 7
37 3
39.3
380
290
41 4
37 7
39.4
38 1
29 1
41 7
380
39.6
38 1
29 1
41 7
38 6
39.4
38 1
289
41 6
380
39.4
38 1
289
41 6
383
40.1
383
291
415
374
39.5
379
289
415
37.9
39.4
380
28.9
41.4
37.7
39.4
38.1
29.2
41.5
38.1
39.0
38.0
28.8
r
41.5
r
38.1
'39.3
38.1
28.8
'41.4
37.7
'39.3
'38.1
29.0
'41.3
'37.4
'39.1
38.1
28.8
"41.0
"37.8
"39.3
"38.0
"28.5
36.3
32 5
35.9
32 6
35.7
325
35.8
327
'36.1
32.7
35.8
32 5
35.8
32.6
36.3
32.8
35.6
32.5
35.8
32.5
36.3
32.8
35.8
32.6
35.7
32.7
'36.1
32.8
'35.7
32.6
"35.8
"32.6
189.93
15632
1.58
976
40.53
10.96
11.60
2807
196.51
16173
1.58
10 10
41.42
11.36
11.95
2892
198.14
163.57
1.55
1038
41.84
11.51
12.05
2909
199.16
16408
1.56
1027
41.72
11.56
12.11
2930
200.31
164.99
1.56
10.29
41.93
11.64
12.16
2944
200.32
164.72
1.55
10.32
41.95
11.63
12.23
2924
200.33
165.01
1.57
10.34
41.91
11.62
12.28
29.29
202.10
166.62
1.61
10.41
42.08
11.81
12.37
2947
200.85
165.17
1.57
10.21
41.88
11.71
12.24
29.32
201.37
165.96
1.57
10.32
41.91
11.77
12.31
29.35
202.54
167.18
1.55
10.53
41.86
11.80
12.39
29.73
201.67
166.29
1.63
10.56
41.88
11.42
12.36
29.39
r
202.73
166.63
1.66
10.47
r
41.71
11.68
12.39
r
29.47
'203.37
167.42
1.66
10.61
'41.53
11.73
12.46
'29.62
'204.76
167.17
1.66
10.78
'41.43
11.71
12.46
'29.55
"202.64
"166.78
"1.65
"10.44
"41.31
"11.86
"12.48
"29.27
1237
41 45
3361
12 50
4390
3478
12 51
4465
3457
12 58
4497
35.08
1269
4528
35.32
1261
45.20
35.60
1262
45.38
35.32
1279
46.09
35.49
12.59
45.65
35.68
12.71
46.04
35.41
12.88
46.44
35.36
12.75
46.30
35.38
r
46.53
r
36.10
12.88
'46.92
'35.95
12.77
'46.82
'37.58
"12.81
"46.96
"35.86
120.7
98.9
80.8
1327
93.2
90.7
96.9
132.8
124.9
101.5
81.8
137 5
95.5
93.6
98.3
137.8
126.3
102.8
80.0
141 1
96.5
94.9
98.8
139.2
126.8
102.3
80.2
1394
96.2
94.6
98.4
140.3
127.4
103.0
79.9
141 2
96.7
95.2
98.9
140.9
127.2
102.9
80.1
140 5
96.7
95.0
99.3
140.6
127.6
102.9
81.1
140.3
96.7
94.9
99.5
141.2
128.7
103.5
83.4
1410
97.2
95.2
100.1
142.6
127.6
102.4
81.8
138.2
96.4
94.3
99.5
141.5
128.1
102.5
81.2
139.3
96.4
94.0
99.9
142.2
129.2
103.0
80.3
142.7
96.3
93.8
100.1
143.7
128.5
103.3
84.4
143.5
96.4
94.0
99.9
142.4
128.9
102.8
'85.3
143.1
'95.8
93.3
'99.7
143.3
129.2
102.4
'85.5
143.8
'95.2
'92.2
'99.6
144.0
129.0
102.4
'85.8
145.6
'94.9
'91.9
'99.3
143.7
"128.6
"101.4
"84.5
"140.5
"94.6
"91.8
"98.8
"143.6
109.0
118.7
1224
1132
122.8
125 5
114.7
124.2
1260
115.5
124.9
1267
116.4
125.3
127.2
116.2
125.9
126.7
116.2
126.4
126.9
118.6
127.2
127.7
117.3
126.1
127.2
117.3
126.7
127.4
117.7
127.2
128.9
113.7
127.3
127.5
116.8
127.6
127.5
117.4
128.0
128.4
117.0
128.2
128.1
"119.2
"127.9
"126.5
140.9
1528
140.9
161 5
140.6
1640
141.2
1658
142.1
166.4
140.8
166.1
141.8
167.3
143.8
168.9
141.9
167.5
142.7
169.0
145.0
170.8
143.3
170.4
143.8
171.4
145.0
172.2
143.7
171.8
"144.3
"172.2
12.72
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
Annual
,t
unus
January 1990
1989
1988
|T
1987
Nov.
1988
Dec.
Jan.
Feb.
Apr.
Mar.
June
May
Sept.
Aug.
July
Oct.
Nov.
Dec.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS §
Average hourly earnings per worker: <>
Not seasonally adjusted:
Private nonagric. payrolls
dollars..
Mining
do
Construction
,,
do
Manufacturing
do
Excluding overtime
do....
Durable goods
do ....
Excluding overtime
do....
Lumber and wood products
do....
Furniture and fixtures
do....
Stone, clay, and glass products
do....
Primary metal industries
do....
Fabricated metal products
do....
Machinery, except electrical
do . . . .
Electric and electronic
equip
do....
Transportation equipment
do....
Instruments and related
products
,
do
Miscellaneous manufacturing
do
Nondurable goods
do
Excluding overtime
do....
Food and kindred products
do....
Tobacco manufactures
do....
Textile mill products
do....
Apparel and other textile
products
do
Paper and allied products
do ....
Printing and publishing
do....
Chemicals and allied products
do....
Petroleum and coal products
do ....
Rubber and plastics products, nee
do
Leather and leather products
do....
Transportation and public utilities
do....
Wholesale trade
do ....
Retail trade
do....
Finance, insurance, and real
estate
do
Services
do.
Seasonally adjusted:
Private nonagricultural payrolls
dollars..
Mining...
do
Construction
do
Manufacturing
>
do....
Transportation and public utilities..
do ....
Wholesale trade
do ....
Retail trade
do
Finance, insurance, and real
estate
do
Services
do
Indexes of avg. hourly earnings, seas, adj.: Q
Private nonfarm economy:
Current dollars
1977-100
1977 dollars $
do...
Mining $$
do
Construction
. ...
do
Manufacturing
do
Transportation and public utilities
do .. ,
Wholesale trade $$
do...,
Retail trade
do
Finance, insurance, and real
estate $$
do
Services
do. .
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §§
Common labor
,
$ per hr
Skilled labor
....do. .,
Railroad wages (average class I)
do
Avg. weekly earnings per worker,
private nonfarm: $
Current dollars, seasonally adjusted
1977 dollars, seasonally adjusted t
Current dollars, not seasonally adjusted:
Private nonfarm, total
dollars
Mining
do
Construction ...
...
do
Manufacturing
do
Durable goods
do
Nondurable goods
do...,
Transportation and public
utilities
do
Wholesale trade
do...,
Retail trade
do
Finance, insurance, and real
estate
do
Services
do
8.98
12.54
1271
991
9.48
10.44
9.98
8.40
7.67
10.25
11.94
10.00
10.72
9.29
12.75
1301
10 18
9.72
10.71
10.21
8.61
7.94
10.47
12.15
10.26
11.01
9.46
12.89
1308
10 31
9.82
10.85
10.32
8.69
8.02
10.60
12.22
10.36
11.22
9.46
1303
13 19
1037
9.88
10.90
10.36
876
8.06
10.57
12.26
10.44
11.24
9.54
1320
13 26
10 37
9.91
10.90
10.40
871
8.10
10.59
12.27
10.45
11.21
9.55
13.22
13 21
1038
9.92
10.91
10.41
8.69
8.08
10.62
12.27
10.46
11.23
9.56
1315
13 26
1041
9.94
10.93
10.43
8.68
8.13
10.62
12.27
10.47
11.25
9.62
1319
13 30
1041
9.95
10.93
10.44
8.76
8.12
10.71
12.26
10.48
11.26
9.59
1313
13 28
1042
9.98
10.94
10.47
879
8.16
10.69
12.25
10.49
11.29
9.58
13.03
13 24
1044
9.98
10.98
10.49
8.85
8.23
10.73
12.32
10.51
11.32
9.63
12.95
13 33
10 47
10.02
10.99
10.52
8.92
8.26
10.75
12.40
10.53
11.35
9.61
13.11
13 33
1044
9.97
10.98
10.49
8.93
8.29
10.77
12.36
10.50
11.32
9.77
13.15
1348
1055
10.05
11.10
10.58
r
8.98
8.40
10.79
12.47
10.64
11.41
r
9.81
13.10
1352
1052
10.04
11.06
10.56
r
8.99
'8.39
10.82
12.43
10.57
11.43
r
9.81
13.12
1352
1058
10.10
11.10
10.60
r
9.00
r
8.40
10.87
12.50
10.61
11.48
"9.85
"13.28
"1368
"10.67
"10.18
"11.21
"10.69
"8.98
"8.39
"10.87
"12.49
"10.71
"11.62
9.88
12.94
10.13
13.31
1024
13.56
1029
13.59
1027
13.58
10.26
13.59
10.30
13.65
1031
13.60
1033
13.58
10.37
13.65
1041
13.61
1040
13.70
10.47
13.89
10.43
13.84
10.47
13.85
"10.52
"14.06
972
998
1007
10 13
10 12
10 14
1017
10 17
10 17
1025
1031
1029
1032
1035
1037
"10.52
776
9 18
8.78
8.93
14.07
7.17
801
943
9.02
9.10
14.68
7.37
812
9 54
9.11
9.15
14.56
7.47
820
9 61
9.18
9.25
14.31
7.52
822
962
9.22
9.27
14.39
7.60
8 23
9 62
9.22
9.26
14.75
7.59
823
9 66
9.24
9.33
15.34
7.59
821
9 65
9.25
9.32
15.87
7.60
824
9 68
9.28
9.34
16.13
7.62
824
970
9.28
9.37
16.48
7.65
829
977
9.34
9.35
16.34
7.66
820
971
9.27
9.28
15.72
7.69
8.39
980
9.32
'•9.32
14.69
7.76
594
11.43
10.28
12.37
14.58
612
11.65
10.52
12.67
14.98
625
11.74
10.67
12.86
15.18
629
11.81
10.70
12.90
15.21
632
11.78
10.73
12.85
15.24
632
11.80
10.74
12.88
15.45
634
11.84
10.79
12.91
15.46
11.83
10.73
12.92
15.50
632
11.89
10.76
12.98
15.34
633
11.91
10.75
12.98
15.23
628
12.04
10.83
13.12
15.34
632
11.90
10.89
13.08
15.23
892
6.08
12.03
960
6.12
914
6.27
12.32
9.94
6.31
926
6.41
12.46
10.07
6.43
931
6.44
12.42
10.14
6.43
932
6.48
12.47
10.23
6.48
931
6.49
12.50
10.23
6.47
933
6.54
12.46
10.21
6.48
935
6.55
12.51
10.36
6.52
940
6.58
12.49
1028
6.49
941
6.59
12.48
10.31
6.49
945
6.54
12.58
10.40
6.49
944
6.53
12.56
10.35
6.50
6.63
12.70
10.47
6.61
873
849
909
891
927
911
932
916
946
925
947
9.28
943
929
959
934
948
930
948
9.26
959
933
950
9.29
9.62
9.49
8.98
1254
1271
9.91
12.03
9.60
612
9.29
1275
1301
10.18
12.32
9.94
631
9.42
(i)
1310
10.30
12.39
10.06
640
9.45
(i)
1315
1031
12.36
10.11
643
9.49
(i)
1318
1033
12.45
10.19
644
9.52
(i)
1322
10.37
12.48
10.18
645
9.54
(i)
1326
10.40
12.50
10.21
647
9.61
(i)
1333
10.40
12.52
10.36
6 51
9.60
(i)
1332
10.42
12.54
10.28
649
9.62
(i)
13.32
10.45
12.54
10.33
652
9.69
(i)
13.42
10.48
12.61
10.44
654
9.69
(i)
13.37
10.52
12.57
10.39
657
9.74
(i)
13.39
10.55
12.67
10.47
6.58
873
849
909
891
9 26
905
9 35
9 10
9 40
9 15
935
9 19
9 36
9 24
9 54
9 32
945
9 33
9 53
934
968
946
957
943
1735
940
1822
1549
1749
1761
1771
1609
1790
933
1855
1583
1788
181 1
182.7
1659
181 4
929
187 1
159 3
1807
1829
1851
1689
181 7
927
187 3
159 9
1809
1828
1866
168 2
(2)
(2)
187 5
181 1
1957
1898
199 5
1933
2002
193 9
(2)
(2)
1686
2212
14 25
17 33
2267
15 00
17 60
2294
15 11
17 62
2299
15 28
17 63
2299
15 30
17 64
2302
15 59
17 64
2305
15 25
17 64
2305
15 33
17 64
2305
15 29
17 74
23.12
1535
1774
23.12
1545
312 50
169 28
32236
167 81
32687
167 28
327 92
167 39
33025
167 55
32939
16644
331 04
16644
33539
167 53
33216
16501
332.85
165 10
31250
581 70
48044
40631
43326
36904
32236
53933
49308
41840
44768
378.14
32826
54009
49442
42787
45787
38637
330 15
557 68
491 99
43243
46325
38921
329 13
557 04
483 99
425 17
45562
38384
327 57
551 27
478 20
42350
45277
382.88
32886
55230
49592
42681
45578
385.43
33478
564 53
50407
42681
45578
38697
33086
551 46
500 66
426 18
45401
38720
47158
36576
17870
48418
378.71
18362
48968
38266
185 18
49059
38735
190 33
49007
38772
184 03
48875
386.69
183 10
48843
386.96
184 68
49790
395.75
188 43
31690
27593
32633
29047
33094
296 08
33366
298 62
34151
301 55
33903
30067
337.59
301 00
34812
30635
EMPLOYMENT COST INDEX
Civilian workers t
6/81 = 100 .
Workers, by occupational group
White-collar workers
do ....
Blue-collar workers
.
do
Service workers
do
Workers, by industry division
Nonmanufacturing....
Services..
Public administration
do
do
do...
HELP-W ANTED ADVERTISING
Seasonally adjusted index
1967 — 100
See footnotes at end of tables.
153
158
158
r
9.27
14.91
7.77
8.49
986
r
9.41
'938
15.02
7.82
"8.61
"992
"9.48
"9.48
"15.26
"7.86
6.41
11.99
11.05
13.18
15.43
r
6.39
11.97
11.04
13.25
15.63
r
6.44
12.07
11.04
13.26
15.64
"6.48
"12.03
"11.12
"13.28
"15.64
r
9.46
r
r
9.47
r
6.64
12.69
10.50
r
6.62
9.50
'"6.67
12.71
10.55
r
6.63
"9.57
"6.57
"12.74
"10.60
"6.65
r
9.71
r
r
9.69
r
9.61
"9.76
"9.70
9.78
(i)
13.44
10.55
12.68
10.54
r
6.61
'9.78
0)
13.53
10.57
12.65
10.54
r
6.60
"9.84
0)
"13.64
"10.61
"12.69
"10.57
"6.64
9.66
9.49
r
9.77
r
r
9.67
r
"9.79
"9.63
1774
23.12
1607
17.93
23.15
1621
17.93
23.57
16 10
17.98
23.61
1630
18.10
23.71
337.21
16685
335.27
16589
337.98
166.90
33338
55508
503 12
42908
45787
390.91
33801
55038
518 54
42404
44949
390.80
33539
56635
51987
42595
453.47
391.31
49086
38961
18691
49421
392.81
189 51
50068
398.32
19405
33749
301 32
339.38
30280
348.12
308 82
r
980
r
9.34
r
r
9.59
r
9.54
9.58
(2)
(2)
(2)
(2)
(2)
(2)
r
339.37
166.85
r
r
339.02
r
574 66
r
r
341.39
r
575 09
r
529.98
r
430.27
r
457.88
r
r
338.45
r
570.72
r
394.94
513.76
433.78
r
460.65
398.34
"340.81
"580.34
"507.53
"440.67
"470.82
"400.77
494.86
394.34
19240
r
500.38
r
r
499.99
r
r
496.96
r
"500.68
"404.92
"192.85
340.10
30564
343.43
30937
r
350.53
r
r
345.93
r
"349.41
"315.25
520.33
434.66
462.87
r
396.90
398.91
19103
402.15
191.32
314 55
338.39 "339.48
165.80 "165.76
401.96
189.62
313 29
145.5
147.3
148.9
151.3
152.8
149.7
138 2
148 5
151.9
139 6
1500
153.4
1413
1512
156.4
1429
1537
157.9
144.1
155.5
140.1
1477
1597
1544
141.9
1497
1618
1567
143.5
1512
1631
1579
145.1
1540
167.5
161.8
146.4
155.5
169.2
163.0
161
156
155
151
159
152
147
150
147
146
151
145
152
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-13
SURVEY OF CURRENT BUSINESS
January 1990
Annual
.,
1988
1989
1T
unus
1987
1988
.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
June
May
Oct.
Sept.
Aug.
July
Dec.
Nov.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WORK STOPPAGES
Work stoppages involving 1,000 or more workers:
Number of stoppages:
Beginning in month or year
number . .
Workers involved in stoppages:
Beginning in month or year
thous ..
Days idle during month or year
do....
UNEMPLOYMENT INSURANCE *
State programs:
Initial claims
.thous
Average weekly insured unemployment
do
Rate of insured unemployment @
percent
Total benefits paid.
mil $
Weeks of unemployment compensated
thous
Average weekly benefit
dollars
Federal civilian employees unemployment
insurance (UCFE):
Initial claims
thous
Average weekly insured unemployment
do
Total benefits paid
mil $
Weeks of unemployment compensated
thous
Average weekly benefit
dollars..
Veterans unemployment insurance (UCX):
Initial claims
thous
Average weekly insured unemployment
do
Total benefits paid
. .
mil $
Weeks of unemployment compensated
thous
Average weekly benefit
dollars..
46
40
1
0
3
0
2
4
7
0
8
7
6
4
5
1
174
4,456
118
4,364
2
78
0
52
7
153
0
138
30
950
7
1,064
55
1,227
0
938
145
1,364
204
3,717
14
1,909
60
3,098
8
2,380
5
402
16795
15919
1277
1633
1 949
1319
1363
1 109
1209
1 311
1556
1264
1,082
1,446
1,550
2265
24
14 175
2048
21
13070
1 686
18
943
1 824
21
1085
2647
26
1 411
2618
26
1 252
2 520
25
1 529
2246
21
1 141
1 963
19
1127
1 855
19
1 204
2055
21
1 053
2051
19
1193
1782
18
958
1853
19
1,041
1998
103 895
14623
92919
14586
8,847
15099
6,490
15261
1178
1214
95
95
122
80
79
21 2
1317
223
143 1
238
134
225
131
274
152
258
133
229
144
1 002 1 1 043 6
131.43 137.09
978
137.35
952
137.94
1069
142.19
91 1
145.54
98 1
147.02
720
144.22
6748
13607
7638
147 19
9875
14836
8722
' 148 28
10,474
151 06
7727
17930
6614
16281
81
89
107
123
90
7.8
200
104
180
103
183
97
21 5
106
235
131
206
r
!06
71 6
144.33
690
140.33
755
140.13
7882
14983
7200
151 26
783
96 1
136.42 135.12
r
6,915
155 93
1,060
7,167
15347
9.3
10.5
218
112
22.2
11.3
1522
73.75
824
137.65
r
1400
141 7
94
99
11 3
91
108
90
92
88
91
10 1
90
98
97
178
1210
181
1231
123
70
128
75
167
94
16 5
83
156
96
150
79
143
88
140
78
14 1
79
148
90
138
79
148
r
85
15.3
8.3
7949
152.26
7876
156.27
44 1
159.26
476
158.32
592
159.05
522
158.44
604
158.66
494
159.00
540
162.38
484
161.80
482
164.51
548
164.32
47 5
165.72
r
51 1
166.12
496
166.46
64357
62 396
64 115
65 588
65764
64042
498 606 501 589 504 371 503 095
379 647 378 388 380 375 381 029
172 577 170 122 170 174 175 978
207 070 208 266 210 201 205 051
118 959 123 201 123 996 122,066
513 786
388 935
180 822
208 113
124,851
511 881
385,798
178 481
207 317
126,083
r
512 446
r
516,426
387,137
175 770
211 367
129,289
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil $
70 565
Commercial and financial company
2
paper, total
do
373 586
2
Financial companies
do
287 274
2
Dealer placed
do
115 034
2
Directly placed
do
172 240
Nonfinancial companies
do ... 2 86,312
Loans of the Farm Credit System: **
Total, end of period
mil $
52498
Long-term real estate loans
do
34346
Short-term and intermediate-term
loans
do....
9,927
Loans to cooperatives
do
8225
Federal Reserve banks, condition, end of period:
Assets, total #
mil $ 275 566
Reserve bank credit outstanding, total #
do
236 046
Loans
do
3815
U.S. Government securities
do.... 222 551
Gold certificate account
do.... 11,078
Liabilities, total #
do
275 566
Deposits total
do
48368
Member-bank reserve balances
do.... 41,784
Federal Reserve notes in circulation
do
212 890
All member banks of Federal Reserve System,
averages of daily figures:
3
Reserves held total
mil $
62 123
3
Required
do
61 094
3
Excess
do
1 029
Borrowings from Federal Reserve
3
banks
do
111
3
Free reserves t
do
735
Large commercial banks reporting to Federal
Reserve System, last Wed. of mo.: t
Deposits:
Demand, total #
mil. $.. 247,354
Individuals, partnerships, and
corporations
.. do
190 551
States and political subdivisions
do....
6,741
U.S. Government
.
do
3 258
Depository institutions in U.S
do.... 27,450
Transaction balances other than demand
deposits
do
66953
Nontr ansaction balances, total
do . . . . 565,156
Individuals, partnerships, and
corporations
do .... 524,426
Loans and leases(adjusted),total §
do.... 847,282
Commercial and industrial
do .... 287,385
For purchasing and carrying
securities .
do
12496
To nonbank depository and other
financial
do..
23927
Real estate loans
do... 261,036
To States and political subdivisions
do.... 32,664
Other loans
do
229 774
Investments, total
do
196 170
U.S. Treasury and Govt. agency securities,
total
do
122 881
Investment account
do.... 111,856
Other securities
do .... 73,289
See footnotes at end of tables.
1 66 631
65961
66631
62212
451 762
354 127
161 535
192 592
97635
442 396
344 544
151 581
192 963
97852
451 762
354 127
161 535
192 592
97635
468 690
362 469
163 718
198751
106*258
62933
62458
5
487 007
5
377 749
5
174 807
5
202 942
5
486 783
377 094
173 464
203 630
109 258 109 689
384 785
173 119
211 666
127,661
51428
32182
51 428
32 182
50744
31 051
50390
30624
50,589
30,474
9,256
9990
9256
9990
9286
10408
9,980
9787
10,240
9876
293 674
285 638 293 674
286 771 284 582 281 635 303 807
250 945
2 170
238 422
11,060
293 674
48898
39,347
243 803 250 945
2 328
2 170
232 702 238 422
11059 11 060
285 638 293 674
45 859 48 898
40,012 39,347
241 413 230 795 238 435 257 498 234 286 239 059 226 230 225 192 228,704 226,441 230,516 236,991
594
481
182
270
598
541
841
2033
1*952
1 602 2*454
863
232 933 229 499 228 643 232 150 223 535 231 767 218 676 217,409 221,051 218,176 223,142 228,367
11,062 11,060 11,059
11,066 11,065
11 056 11 061 11 061 11061 11060 11 063 11,066
286 771 284 582 281 635 303 807 286 551 295 816 283 237 282 515 290 607 293 439 292,539 304,465
48 245 44 126 42 587 61 753 39 794 50038 40258 39 114 46348 46018 43395 46430
35,810 36,985 37,394 37,968 33,553 37,381 34*339 31,924 32,253 32,351 37,277 38,327
229 640
224 535 229 640
221 619
3
63 739
3
62 699
3
1 040
3
13 716
568
286 551 295 816 283 237
282 515 290 607 293 439 292 539 304 465
222 769 224 857 225 336 229 372 230 848 230 229 230 766 229 076 230 467 235 306 241 739
62407
61 287
l'l!9
63739
62 699
1 040
63468
62 323
1 145
60693
59 539
1 154
2861
580
1 716
568
1 662
529
1487
111
60212
59 255
957
1 813
478
61 288
60 511
776
58911
57 881
l'o31
59587
58 681
905
60254
59*288
966
59 559
58 674
885
60 126
59 188
938
2289
194
1720
508
1490
332
694
378
675
251
693
267
220,021 244,114
219,187
215,981
60397 r60 989
59378 r60r044
945
1 020
62,813
61 883
931
349
617
265
686
555
486
r
247,112
240,572 247,112
219,279 228,985 217,185
215,034
222,501 216,550 223,373 248,307
195 301
6,993
2711
24,187
191 557 195 301
6,993
6,455
2711
2949
22,067 24,187
174 977 181 031 173 682 174 716
5,209
5,868
6,770
6,247
4649
2983
1709
2531
19,413 23,360 18,950 18,567
189 983 173 820 172 343 172 097
5,182
5,862
5,894
6,078
3084
3046
2516
2678
25,996 20,081 19,246 19,517
175 734 173,248 178,974 197,212
7,248
5,623
5,978
6,415
1,865
1,793
2262
3113
19,506 19,716 21,049 24,251
75384
624,038
73637 75384
622,745 624,038
75222 75969 75386 77 604
651,187 657,494 667,737 667,428
74 271 71 824 72951 73459 72787 74794 76012 79,238
673,096 674,735 682,063 686,827 687,094 700,138 703,876 704,060
585,178
918,698
301,013
583097 585 178
911,750 918,698
300,222 301,013
609 588 615 114 625588 626,154 631,788 634 594 642,708 647,353 648,506 661,528 665,907 666,397
931,166 942,497 948,734 948,493 963,570 963,811 967,448 971,706 976,688 986,018 992,651 994,060
304,520 309,355 310,400 314,548 317,429 313,436 319,341 317,064 314,783 317,857 318,983 318,691
14090
15420
14090
22858
301,629
28,441
250 667
200,806
21761 22858
297,989 301,629
28,792 28,441
247 566 250 667
209 156 200,806
128 633
114,447
72,173
135 859
116,229
73,297
128 633
114,447
72,173
12605
13 620
15 134
14 102
15640
17 028
16360
16280
16699
16948
15760
16261
21198 20435 19728 20064 21,426 21810 21813 21815 21590 22,424 22,872 22,334
312,261 314,359 318,227 322,112 325,963 330,487 333,971 340,854 342,740 345,702 350,282 352,500
27,999 27,822 27,660 27,436 27,143 26,996 26,735 26,514 26,222 26,061 25,389 24,940
252 583 256 906 257 585 250 231 255 969 254 054 249 228 249 179 254 654 257 026 259 365 259,334
207 976 207 398 209135 205 775 209,890 212 393 214 014 214 323 213 744 226,339 227,886 223,349
135 364
118,426
72,612
135 161 137 135 134 058 137 220 140 742 142 550
120,353 120,529 121,154 124,003 128,575 129,326
72,237 72,000 71,717 72,670 71,651 71,464
143 671 143 947
131,501 132,031
70,652 69,797
157 973 161 418 156,556
138,399 141,011 140,002
68,366 66,468 66,793
S-14
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
Annual
IT .,
vnns
1987
January 1990
1989
1988
1988
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
2,583.9
397.5
180.3
2,006.1
2,577.4
396.9
181.3
1,999.2
FINANCE—Continued
BANKING-Continued
Commercial bank credit, seas, adj.: §
Total loans and securities <f>
bil $ .
U.S. Government securities
do....
Other securities
do. ..
Total loans and leases 0
do....
Money and interest rates:
Prime rate charged by banks on
short-term business loans
percent..
Discount rate (New York Federal
Reserve Bank) @@
do...
Federal intermediate credit bank
loans
do .
Home mortgage rates (conventional 1st
mortgages):
New home purchase (U.S. avg.)
percentExisting home purchase(U.S. avg.)
do....
Open market rates, New York City:
Bankers' acceptances, 3-month
do....
Commercial paper, 6-month $
do ....
Finance co. paper placed directly 6-mo
do
Yield on U.S. Gov. securities (taxable):
3-month bills (rate on new issue).. .percent..
2,239.6
335.5
195.3
1,708.8
8.22
2,417.2
361.4
194.0
1,861.9
9.32
5.66
6.20
8.54
(3)
2,410.2
358.8
195.9
1,855.6
10.05
2,417.2
361.4
194.0
1,861.9
2,422.8
360.4
189.6
1,872.9
2,451.9
361.8
190.4
1,899.7
2,464.9
368.8
189.7
1,906.5
2,470.9
370.7
187.2
1,913.1
2,486.3
373.5
186.4
1,926.5
2,496.8
373.8
185.8
1,937.3
2,518.1
374.4
184.6
1,959.1
2,534.4
376.6
182.8
1,974.9
2,544.1
378.8
182.9
1,982.4
2,575.5
391.7
182.7
2,001.1
10.50
10.50
10.93
11.50
11.50
11.50
11.07
10.98
10.50
10.50
10.50
10.50
10.50
7.00
7.00
7.00
7.00
7.00
7.00
6.50
6.50
6.50
6.59
7.00
7.00
7.00
7.00
2
8.94
2
2
8.83
2
9.01
9.05
9.16
9.04
9.31
9.20
9.31
9.46
9.44
9.63
9.62
9.88
9.76
9.82
10.13
10.09
10.27
10.06
10.10
9.83
9.81
9.87
9.82
9.77
9.86
9.78
9.80
9.70
9.69
6.75
6.85
7.56
7.68
8.55
8.55
8.96
8.97
8.93
9.02
9.27
9.35
9.83
9.97
9.68
9.78
9.35
9.29
8.97
8.80
8.54
8.35
8.47
8.32
8.59
8.50
8.42
8.24
8.21
8.00
8.15
7.93
6.37
7.14
7.94
8.24
8.44
8.65
9.17
9.29
8.97
8.22
7.80
7.49
7.56
7.50
7.45
7.33
7.650
7.640
8.94
7.720
7.590
r
5.820
6.690
7.680
8.090
8.290
8.480
8.830
8.700
8.400
8.220
7.920
7.910
mil. $..
618,191
671,362
659,193
671,362
684,674
682,274
682,154
687,288
692,263
697,270
699,019
706,098
709,606 r711,271 716,544
do
do....
do
do
do....
287,154
141,120
81,007
45,080
60,226
323,931
146,212
87,110
47,863
62,572
317,589 323,931
146,039 146,212
87,110
86,823
47,863
43,042
62,091 62,572
318,287
141,194
86,980
42,804
62,792
316,898
141,292
86,865
41,071
62,674
314,743
140,207
87,346
40,762
62,007
318,603 321,053
141,730 143,265
88,874
88,222
40,591 40,829
61,648
61,808
323,107
144,882
89,488
40,962
60,178
323,368
145,424
89,672
40,787
60,134
326,997
145,990
90,727
41,180
59,679
329,543 r331,135 333,305
143,804
147,207 144,418
90,980 r91,051 91,178
42,680
41,171 r 41,434
58,141
59,679 58,678
CONSUMER INSTALLMENT CREDIT t
Not seasonally adjusted
Total outstanding (end of period) #
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers
Savings institutions
Seasonally adjusted
Total outstanding (end of period) # .
By major holder:
Commercial banks
Finance companies
Credit unions ..
Retailers
Savings institutions
By major credit type:
Automobile
Revolving
Mobile home
Total net change (during period) #
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers
Savings institutions
By major credit type:
Automobile
Revolving . .
Mobile home
.
do .
654,413
659,507
682,020
687,397
691,162
693,911
698,132
700,849
700,344
703,001 704,371 r707,562
711,799
..do ....
do....
do
do
do
316,683
143,488
85,740
42,910
61,922
318,925
145,180
86,118
43,498
62,099
316,797
141,795
87,093
40,986
62,867
318,423
143,419
87,813
41,052
63,109
318,242
143,070
88,514
41,300
62,735
320,458
144,378
89,330
41,301
61,919
323,363
145,523
89,890
41,323
61,311
324,438
146,055
90,073
41,649
59,920
323,621
145,488
89,852
41,798
60,092
326,135
144,386
90,016
41,989
59,229
327,327 r330,746
144,188 141,273
89,892 r89,856
42,221 r 42,319
59,883 58,890
332,300
141,440
90,035
42,554
57,967
do
do
do
do .
279,926
173,030
26,005
5,281
281,174
174,792
25,744
5,094
286,382
176,716
26,036
22,513
288,767
178,570
25,992
5,376
288,850
182,831
24,168
3,765
289,654
184,500
23,993
2,749
290,741
186,502
23,952
4,221
290,192
189,622
23,685
2,717
288,526
191,028
23,630
-505
288,533
194,398
22,938
2,657
287,754 r288,747
195,302 196,379
22,991 r22,947
r
3,191
1,371
289,266
199,191
22,523
4,236
do
do
do
do .
do
4,095
476
402
296
-4
2,242
1,692
378
588
177
-2,127
-3,385
975
-2,513
768
1,626
1,624
720
67
242
-181
-349
701
247
-375
2,216
1,308
816
1
-816
2,905
1,145
560
22
-608
1,075
532
183
326
-1,391
-817
-567
-221
149
172
2,514
-1,102
164
191
-863
1,192
-198
-124
232
654
r
3,419
-2,915
r
36
98
r
-993
1,554
167
179
235
-923
do
do
do
1,024
2,899
-28
1,248
1,762
-261
5,208
1,924
293
2,385
1,854
-44
82
4,261
-1,824
804
1,670
-174
1,087
2,002
-41
-549
3,120
-267
-1,667
1,406
-56
7
3,370
-692
-779
904
53
r
993
1,076
519
2,813
-424
FEDERAL GOVERNMENT FINANCE
Federal receipts and outlays:
1
99,233
76,161
Receipts (net)
mil $
66,191
854,143 ' 908,166
71,025 108,249
61,897
89,306
68,205 128,892
93,729
64,320
1
98,310 105,299
84,430
Outlays (net)
do
89,769 103,984
86,500
1,002,147 1 1,063,318
96,491 100,460
88,320
93,454 105,171
Total surplus or deficit (—)
do.... '-148,005 -155,151 -29,134 -11,442
7,789 -18,239 -22,150 -6,066
40,572 -25,466
2,806 -27,871 -35,779
1
6,066
22,150
18,239
Federal financing, total
do
27,871
148,005 1 155,151
25,466 -7,789
35,779 -40,572
29,134
11,442 -2,806
6,672
35,854
Borrowing from the public
do.... 1 150,070 '166,139
1,098 -3,962
13,405 -1,291 10,214
17,190
7,359
11,910
31,636
1
606
13704
Other ...
do
22,201
22,374 -39,281 15,252 -8,887
10,681
-2,065 '- 10,988
10 165
2502
468
1
1
2,881,112
2,860,454
Gross amount of debt outstanding
do .... 2,355,206 2,614,581 2,672,211 2,707,284 2,720,742 2,745,577 2,763,562 2,779,291 2,800,128 2,823,955 2,824,487
1
1
Held by the public
do
1,897,761 2,063,900 2,105,852 2,117,766 2,125,125 2,142,315 2,155,684 2,154,393 2,164,607 2,165,705 2,161,743 2,197,597 2,204,270
Federal receipts by source and outlays by
agency:
Receipts (net), total
mil. $.. 1 854,143 1 908,166
66,191 76,161 99,233
61,897
89,306
71,025 108,249
68,205 128,892
64,320
93,729
45,026
36,932
29,377
Individual income taxes (net)
do .... 1 392,557
49,876
23,427
48,627
25,336
68,533
17,769
29,822
39,673
'401,181
1
1
19,430
1,963
2,042
20,878
907
83,926
Corporation income taxes (net)
do ,
1,926
14,689
12,744
3,181
1,442
94,195
22,294
Social insurance taxes and contributions
29,259
28,470
(net)
mil $
27,941
31,276
31,652
' 1303,318 1 334,335
35,349
39,496
32,086
24,698
25,075
30,268
5,518
8,794
6,832
Other
do
6,215
74,342
8,414
6,173
7,423
5,479
5,846
7,981
7,063
'78,454
1
98,310 105,299
84,430
Outlays (net), total
do
86,500
1,002,147 1 1,063,318
96,491 100,460
88,320
89,769 103,984
93,454 105,171
1
3,074
2,247
3,018
4,610
Agriculture Department
do....
3,209
3,832
4,153
49,593
3,677
4,589
4,917
5,318
'44,003
27,750
25,313
20,478
Defense Department, military
do .... 1 273,938 '281,935
28,379
28,918
22,546
24,327
20,590
19,281
28,201
23,905
Health and Human Services
34,590
34,859
Department
.
mil $
31,642
38,818
32,227
31,487
34,363
31,650
35,553
31,956
33,491
'351,315 '373,169
1
14,482
16,886
14,325
15,492
35,659
16,380
16,473
180,345 '201,644
Treasury Department
.do ....
19,227
16,443
34,577
16,854
National
Aeronautics
and
1
1,003
989
822
822
Space Adm
do....
998
1,043
709
966
809
884
993
'9,092
7,591
1
3,628
2,257
1,211
1,182
Veterans Affairs Department
do ....
3,587
3,758
2,278
26,952
2,805
1,246
3,527
2,705
'29,249
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.
11,078
446.504
11,057
436.931
11,059
420.068
11,057
418.488
11,056
404.014
7.009
6.535
6.275
6.108
5.972
11,061 11,061 11,061 11,060
387.776 390.143 384.400 371.316
5.891
5.930
5.791
5.447
r_44
89,130
71,213
68,426
94,515 100,172 103,770
-26,089 -28,959 -14,641
14,641
28,959
26,089
6,821
19,790
36,690
7,820
9,169
-10,601
2,924,765 2,946,111 2,975,537
2,240,959 2,260,749 2,267,570
68,426
35,493
729
71,213
34,448
2,385
89,130
37,385
18,878
24,308
7,896
94,515
3,821
19,152
26,791
7,588
100,172
5,167
24,586
25,805
7,062
103,770
3,553
27,759
33,207
14,813
34,029
19,457
35,840
40,660
1,126
1,492
976
2,611
1,065
3,653
11,063
367.598
11,066
374.978
11,066
364.928
11,065
361.890
11,062
366.884
392.320
409.150
5.280
5.236
5.179
5.133
5.133
5.465
5.533
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-15
SURVEY OF CURRENT BUSINESS
January 1990
Annual
,, .,
1987
1988
1988
Nov.
1989
Jan.
Dec.
Feb.
Apr.
Mar.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
MONETARY STATISTICS
Currency in circulation (end of period)
bil. $.
Money stock measures and components (averages
of daily figures): t
Measures (not seasonally adjusted):
Ml
M2
M3
L (M3 plus other liquid assets)
Components (not seasonally adjusted):
Currency
Demand deposits
Other checkable deposits $$
Overnight HP's and Eurodollars ^>
.
General purpose and broker/dealer
money market funds
Money market deposit accounts
Savings deposits
Small time deposits @
Large time deposits @
Measures (seasonally adjusted):
Ml
M2
M3
L (M3 plus other liquid assets)
Components (seasonally adjusted):
Currency
Demand deposits
Other checkable deposits ±$...
Savings deposits
Small time deposits @
Large time deposits @
See footnotes at end of tables.
bil $
do
do
do
do
do .
do ..
do
do....
do....
do
do
do
do
do
do
do
do
do
do....
do ....
do....
do....
247.7
2477
776.0
3,009.4
3,819.2
'4,528.8
788.3 . 804.4
3,058.0 3,077.3
'3,903.4 '3,925.4
r
4,643.3 '4,685.8
3,076.2
3,927.7
'4,692.7
214.9
298.8
283.7
211.8
211.9
290.5
283.7
275.7
277.6
230.2
744.2
2,863.2
3,591.9
4,243.8
188.8
294.3
254.3
r
205.3
289.0
274.4
79.3
78.1
213.8
552.2
408.1
865.7
461.8
232.2
517.5
426.4
979.2
512.5
211.3
290.0
279.9
75.7
78.5
2429
793.1
81.8
239.4
502.7
425.9
1,026.5
539.6
241.7
495.2
422.8
1,041.6
545.3
790.3
786.6
3,059.5 3,069.6
r
3,898.3 r3,915.6
'4,635.6 '4,672.3
786.3
3,065.9
3,920.2
'4,676.2
237.4
506.7
430.4
1,019.5
537.3
210.5
287.7
281,0
431.8
1,017.8
534.4
211.8
288.6
282.3
431.3
1,025.2
537.8
775.2
772.4
3,057.0 3,071.9
'3,917.4 r3,945.8
4,686.3 '4,721.2
213.4
284.0
281.3
427.8
1,035.7
544.4
r
214.0
275.8
278.3
247.6
2492
777.4
791.4
781.7
767.2
773.8
3,092.5 '3,063.1 '3,091.0 '3,124.6 '3,136.8
3,963.3 '3,941.1 '3,967.5 '3,995.1 '4,001.2
'4,752.3 '4,735.5 '4,760.7 '4,782.7 '4,802.2
r
215.2
283.2
286.0
79.0
77.4
74.5
247.2
485.3
255.5
480.3
259.3
216.7
218.5
273.3
2764
270.1
271.4
73.5
76.0
219.7
281.5
272.4
77.6
219.3
276.7
'273.4
74.9
'791.1
784.4
778.5
'3,146.9 '3,169.5 '3,193.7
'3,998.9 '4,008.0 '4,032.7
'4,808.5 '4,821.4 4,856.5
811.2
3,222.4
4,048.3
218.7
219.0
'221.1
225.3
275.9
276.2
280.3
277.8
281.2
'281.8
291.2
287.9
72.3
'72.9
'71.4
72.0
'306.5
'298.4
'481.7
473.0
469.1
407.9
407.4
404.8
405.1
1,129.1 '1,129.9 '1,133.4 '1,135.3
'562.6
'564.1
'566.3
'569.1
309.1
486.5
406.5
1,137.2
556.9
'789.6
787.7
777.4
787.5
781.1
777.2
783.2
786.3
770.3
773.4
3,069.4 3,078.5 3,080.9 '3,072.6 '3,088.2 '3,116.8 '3,135.8 '3,153.5 '3,173.6 '3,195.7
3,929.5 r3,951.0 '3,957.8 '3,951.2 '3,966.9 '3,993.4 '3,999.6 '4,000.9 '4,010.5 '4,027.5
4,689.4 '4,724.6 '4,750.6 '4,747.1 r4,760.0 r4,792.0 '4,807.5 '4,813.8 '4,826.1 4,847.9
797.4
3,215.9
4,039.7
'220.2
219.7
219.4
218.4
278.9
280.4
277.3
277.5
'283.0
280.3
277.3
274.4
'409.3
405.8
'404.3
402.3
1,132.1 '1,132.3 '1,132.6 '1,133.1
'559.5
'560.7
'563.8
569.1
222.0
418.7
418.4
1,054.4
552.4
1,065.1
560.2
214.3
284.8
280.9
424.6
1,048.3
551.6
215.6
284.3
279.1
420.8
1,061.0
558:8
471.3
414.0
1,082.0
564.1
216.0
281.4
278.5
412.8
1,083.1
567.7
'259.3
457.0
407.3
1,098.9
569.8
216.5
278.2
271.4
404.7
1,105.7
'572.2
'265.3
456.9
406.6
1,112.4
569.7
217.3
275.0
270.7
402.0
1,118.5
'573.1
'273.9
459.8
407.5
1,124.1
'568.3
218.0
278.8
273.2
401.5
1,126.3
573.1
'284.7
465.4
'292.4
281.2
286.7
411.8
1,135.6
554.7
S-16
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
f , .,
units
1987
January 1990
1989
1988
Annual
1988
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
Bonds— Continued
Yields:
9.91
Domestic corporate (Moody's)
percent.,
9.91
10.18
By rating:
Aaa
do
971
938
945
Aa..
do
9 68
972
994
A
do
999
999
1024
Baa
do
1058
1083
1048
By group:
Industrials
do
9 83
991
993
Public utilities .
do
989
1045
998
Railroads
do
963
1000
1003
Domestic municipal:
Bond Buyer (20 bonds)
do..
7.66
7.69
7.66
Standard & Poor's Corp. (15
bonds)
do....
7.73
7.58
7.74
U.S. Treasury bonds, taxable $
do....
8.64
9.07
8.98
Stocks
Prices:
849.46
Dow Jones averages (65 stocks)
772.17
796.20
Industrial (30 stocks)
2 275 99 2 060 82 2 099 04
Public utility (15 stocks)
20170
184 12
17974
92919
Transportation (20 stocks)
86383 91621
Standard & Poor's Corporation: §
286.83
Combined index (500 Stocks)
1941-43=10..
271.02
265.79
Industrial, total (400 Stocks) #
do....
311.84
306.68
330.90
Capital goods
do
252.83
28823
24736
Consumer goods
do
323.77
305.95
324.78
11270
Utilities (40 Stocks) ...
do
111 70
108 74
Transportation (20 Stocks)
1982=100...
216.97
209.02
228.91
16474
16690
Railroads
1941-43-10
15873
Financial (40 Stocks)
1970-10
28.15
24.85
24.09
112.03
Money center banks
1941-43 = 10..
98.23
92.05
109.54
Major regional banks
do ....
107.34
103.22
311.50
Property-Casualty Insurance
do ....
268.26
271.62
N.Y. Stock Exchange common stock indexes:
Composite
12/31/65—50
14991 15267
16170
Industrial .
do
18095
19531
18379
Transportation
do
138 60
134 12
14039
Utility
do
7430
7177
7383
Finance
do
12726
14648
12961
NASDAQ over-the-counter price indexes:
Composite
2/5/71=100..
402.74
374.43 372.89
Industrial
do
42272
37949
36582
Insurance
do
42525
42682
40817
Bank
do
46495
44091
444 14
NASDAQ/NMS composite
7/10/84=100..
172.49
161.60
161.95
Industrial
do
14678
161 06
141 76
Yields (Standard & Poor's Corp.):
Composite (500 stocks)
percent
3.08
364
3.70
Industrials (400 stocks)
do
3 14
262
322
Utilities (40 stocks)
do
652
704
7 08
Transportation (20 stocks)
do
220
2 43
2 48
Financial (40 stocks)
do
3 60
434
4 16
Preferred stocks, 10 high-grade
do ....
8.37
9.24
9.36
Sales:
Total on all registered exchanges (SEC):
Market value
mil $ 2 284 166 1 584 106 120
360
r
Shares sold
millions
52 474
63771
3 810
On New York Stock Exchange:
Market value
mil $ 1 983 311 1 377 711 103 902
Shares sold (cleared or settled)
millions
53 038
3 162
44 018
New York Stock Exchange:
Exclusive of odd-lot stock sales
(sales effected)
millions
40850
47 801
2823
NASDAQ over-the-counter:
Market value
mil $
498 301 347 089
25017
Shares sold
millions
31 070
37 890
2287
Shares listed, NYSE, end of period:
Market value, all listed shares
bil $
2 216 31 2 457 46 2 443 44
Number of shares listed
millions..
71,802
76,093 76,160
10.03
10.05
10.05
10.18
10.14
9.95
9.50
9.34
9.36
9.41
9.34
9.32
9.30
9 57
981
10 11
1065
962
981
10 10
1065
9 64
983
10 13
1061
9 80
9 98
1026
1067
979
994
1020
1061
957
975
1000
1046
9 10
929
959
1003
893
9 14
942
987
896
9 14
945
988
901
923
9 51
991
892
9 19
944
981
889
914
942
981
886
911
939
9.82
1004
1002
1006
1008
1002
1004
1008
1002
1005
10 19
10 16
10 19
10 13
10 14
1027
997
9 92
1031
9 51
949
1017
934
934
^1005
9 35
937
9 39
943
9 31
937
930
933
928
931
7.50
7.29
7.56
7.64
7.40
715
7.02
6.86
7.16
7.40
7.24
7.04
6.97
7.66
9.13
7.41
9.07
7.47
9.16
7.61
9.33
7.49
9.18
7.25
8.95
6.97
8.40
6.97
8.19
7.08
8.26
7.27
8.31
7.22
8.15
7.13
8.03
7.01
8.02
851.45 880.52 866.99 897.32 932.47 955.80 990.60 1,065.83
817.30
2 148 58 2 234 68 2 304 30 2 283 11 2 348 91 2 439 55 2 494 90 2 554 03 2 691 11
18888 18664 18281 18798 19629 20672 21552 21808
18515
95539 1 009 31 1,073 18 1,046 32 1,098 04 1 139 83 1 158 90 1 223 05 1 407 13
1,078.40 1,049.44 1,004.41 1,029.12
2 693 41 2 692 01 2 642 49 2,728.47
21595 21664 221.02 232.05
1,462 67 1,342.02 1,188.12 1,182.98
276.51
319.07
253.87
33112
11302
225.63
17125
24.79
98.74
103.82
266.65
285.41
330.17
262.80
339.49
11437
237.65
17857
25.51
99.73
104.72
274.49
294.01
339.70
273.90
353.53
11688
251.42
18776
26.68
104.23
109.91
288.70
292.71
337.74
262.31
352.18
11665
245.69
185.35
26.96
104.67
109.29
295.79
302.25
348.47
265.71
368.61
119 91
250.63
18219
28.31
113.23
113.96
307.82
313.93
360.88
27471
386.24
12774
262.59
194 13
29.10
114.86
121.88
301.76
323.73
370.36
279.47
399.70
13350
268.10
198 07
30.85
122.57
129.20
316.61
331.93
379.45
28204
411.63
137 22
276.07
19789
31.70
122.12
132.01
321.65
346.61
396.63
296 33
434.05
140 47
307.44
21131
33.16
127.09
136.60
344.12
347.33
397.08
29462
430.76
14098
315.42
21545
33.24
125.45
135.63
345.97
347.40
396.34
288.65
439.31
14271
297.89
208.51
33.76
130.47
132.49
364.37
340.22
388.11
277.78
430.31
143.37
272.41
198.92
32.48
117.79
123.77
381.59
348.57
398.43
286.06
432.27
152.18
276.07
209.58
31.14
111.50
116.75
373.23
15535
18775
14407
7481
12883
16040
19462
15309
7587
13226
16508
20000
16266
7784
13719
16460
19920
16014
7766
13791
16938
20481
16432
7972
14326
17530
211 51
16889
8407
14659
18076
21675
17347
8790
15409
185 15
221 74
17932
9040
15778
19294
231 32
19752
9290
16486
193 02
23086
20202
9344
16551
19249
229 40
19036
9467
166.55
18850
224.38
174.26
94.95
160.89
192.67
230.12
177.25
99.73
155.63
375.78
371 11
42534
43645
163.15
144 24
389.32
38571
441 91
44601
169.07
14998
404.08
39980
46107
45887
175.62
15566
403.99
39674
46940
45758
175.67
15451
417.13
40976
48035
45731
181.71
15995
435.99
43181
48304
46050
190.19
16895
447.61
43784
50378
475.70
195.38
171 32
446.70
43403
51343
472.14
195.04
16985
461.83
44847
53562
484.22
201.86
17563
469.28
45501
53304
485.08
205.14
17819
469.68
455.91
538.37
460.01
205.35
17864
454.70
441.63
546.07
427.08
198.82
173.11
449.01
440.00
547.35
395.94
196.47
172.83
368
3 19
698
2 34
4 26
9.38
364
3 14
699
2 41
4 15
9.31
359
3 10
692
2 17
4 03
9.31
368
3 18
7 06
2 24
407
9.43
3 59
3 10
695
2 21
390
9.50
352
306
662
2 09
3 85
9.32
3.44
3 01
635
204
364
8.96
3.29
288
605
1 88
344
8.82
3.29
289
595
202
339
8.85
3.39
2.98
5.93
232
357
8.73
8.75
117 060
3922
122 524
4049
143 957
4675
148 021 136 598 157 168
4722
4 115
4 530
178 088
4967
144 776 190751 153 234
4,416
5146
4 141
185 652
4,889
136,342
4,064
100 228
102 736
124 800
126 697
116 894
133 978
153 329
122 567
164 536
129,727
161,383
115,042
3 222
3 264
3909
3 694
3 356
3887
4 092
3 283
4242
3 517
4022
3217
3.38
297
620
1 98
3 58
8.81
3.28
286
611
1 93
342
8.75
2845
3 532
3217
3 503
3238
3749
3967
3250
3948
3,035
4,013
3,032
3,214
25761
2 488
33475
2716
30227
2532
33452
2883
32232
2666
40870
3080
41572
3 029
33680
2502
39,575
3031
34,690
2626
45,016
3166
31,814
2,538
34,645
2,760
2 457 46 2 609 24 2 545 11 2 591 64 2 709 88 2 787 49 2 771 49 2 980 46 3 022 19 3 800 82 2,925.38 2,969.05 3,029.65
79,462 79,534 79,969 81,641 81,925 82,797
79,117
76,093 76,603 76,836 77,521 77,767 78,381
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Exports (mdse.), incl. reexports,
total @
Seasonally adjusted 1"
Western Europe * . . .
Belgium and Luxembourg *
France
Federal Republic of Germany
Italy
Netherlands *
United Kingdom
Eastern Europe *
Union of Soviet Socialist Republics
See footnotes at end of tables.
mil $
do
do
254 121 9 322 426 4 27 565 2 28 982 1 27 294 6
27 538 0 28 863 8 28 980 1
69 717 7 87 857 7 7 2044 82395 7 3307
60 575 0 75 755 3 6 254 3 7 019 6 6 417 6
do
6609
640 2
7 4105
6 1894
648 0
do
9278
7 943 2
8999
793 1
9 9697
do.... 11,747.7 14,347.6 1,138.0 1,293.0 1,185.7
do
67754
55297
578 1
5559
6448
921 8 10188
do
82167 10 116 5
839 2
do
141139 18 364 4 1 509 6 16337 14063
do
2 199 5
3637
4590
3133
3649 6
do
14798
27689
2594
2728
3739
27 963 5
28 839 1
7 6887
6 801 2
6169
846 5
1,415.1
5745
8484
16023
523 5
4619
33 130 8 31 367 2
30 064 5 30 759 1
96064 86209
8 223 3 7 372 8
'759*8
761 8
1 051 0 9877
1,529.2 1,3731
6800
6285
1 1232
918 1
21379 18487
6284
7069
6230
4598
31 271 1
30 455 2
8589 0
7 322 3
834 0
1 015 4
1,555.3
5982
9468
16290
5768
4420
31 536 9 28 726 7 29 609 5 30,009 0 rr31,906.1
31 285 8 30 468 0 30 561 5 30 680 3 31 034 4
83147 7 961 7 75330 88358 8,870.2
7 216 5 68783 63726 7 644 5 7 632 1
750 6
7582
'6156
721 5
6544
8226 1 014 1 1 0260
9367
9584
1,447.5 1,169.7 1,216.9 1,463.8 1,623.2
6216
540 1
5449
5699
6588
920.6
8196 12745
8014
9654
16439 20936 15560 17135 1,744.3
2553
191 3
157 0
2880
4784
4050
2288
1345
904
179.3
30,169.8
30 191 8
8,351.5
72865
7550
9638
1,443.9
590.4
957.2
1,813.1
4938
426.4
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-17
SURVEY OF CURRENT BUSINESS
January 1990
Annual
Tr.,,<
unlt8
1987
1988
1988
Nov.
1989
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
Western Hemisphere:
Canada Q
mil $
59,814.3 71,622.0 6,307.2 5,517.8 6,086.0 6,484.8 7,248.8 7,006.6 7,417.6 6,958.0 5,147.7 6,228.5 6,404.1 '6,962.9 6,437.0
Brazil
do
434.9
458.6
401.6
461.5
395.5
434.5
304.9
348.0
334.8
408.0
4,266.5
4,039.9
333.4
386.1
344.8
Mexico
do
1,843.5 2,052.1 2,175.2 2,058.8 2,091.7 2,154.3 2,042.1 2,145.4 1,998.7 2,346.0 2,000.7
14,582.2 20,628.4 1,954.5 1,917.9
206.7
Venezuela
do
255.0
188.7
208.7
215.6
223.9
3,586.0
222.4
247.9
287.7
368.2
384.0
458.6
424.1
4,611.9
Asia:
306.6
555.3
China *
do
703.7
456.2
644.7
355.2
471.0
404.4
499.2
385.9
533.9
449.3
3,497.3
581.8
5,021.4
Hong Kong *
do
483.7
469.2
585.8
506.5
3,983.1
501.1
519.4
602.0
589.0
494.2
526.9
433.5
659.6
379.3
5,687.4
Japan
do
28,248.6 37,725.2 3,233.7 3,315.6
2,939.2 3,292.1 4,167.5 3,636.9 3,602.9 3,966.4 3,942.3 3,932.9 3,555.4 3,723.9 3,751.8
Republic of Korea *
. do
998.9 1,186.4 1,009.0 1,158.2 1,302.5 1,241.5 1,087.5 1,170.6 1,110.0 1,120.4
932.5
8,098.7 11,231.8
861.5 1,156.5
327.3
Saudi Arabia *
do....
286.8
282.7
251.1
275.4
334.7
342.5
319.9
332.5
3,373.4
243.1
290.5
302.6
294.5
3,776.1
699.6
Singapore *
,
do ....
581.7
592.3
618.8
666.8
4,052.7
606.5
566.8
557.3
795.6
507.5
453.6
556.6
519.1
5,767.6
Taiwan *
do
965.7
894.9 1,010.3
976.1
924.2
919.0 1,023.3 1,004.9
833.9
705.5
828.4
7,412.7 12,129.1
940.0
924.3
Africa:
38.6
Nigeria*
do
39.2
37.7
27.3
112.8
31.7
34.3
295.1
33.1
40.7
19.4
43.5
27.5
29.6
356.7
117.0
Republic of South Africa
do ....
149.8
150.5
127.0
124.4
175.9
112.7
1,281.2
149.4
138.2
157,5
105.7
130.5
167.0
1,687.6
630.4
Australia * ..
do
813.2
909.7
551.9
799.7
714.7
690.7
681.5
689.2
608.8
813.5
640.2
6,972.9
5,494.8
616.9
OPEC *
do
993.8 1,098.1 1,036.2
11,058.1 13,994.3 1,240.8 1,326.0 1,164.5 1,154.0 1,124.5 1,103.8 1,101.4
920.6
974.5 1,088.0
Exports of U.S. merchandise, total @
.do.... 245,115.0 310,049.1 26,559.3 27,676.5 26,320.5 26,881.7 31,688.5 30,224.8 30,109.9 30,289.3 27,641.2 28,533.7 28,842.1 '30,691.5 28,903.4
By commodity groups and principal
commodities:
Agricultural products, total
do.... 28,636.2 37,046.6 3,470.9 3,510.7 3,357.0 3,469.7 4,040.2 3,421.1 3,314.1 3,048.8 2,966.2 2,768.2 3,011.8 3,392.2 3,654.8
Nonagricultural products, total
do
215,222.7 285,379.8 24,094.3 25,471.4 22,058.6 23,641.3 28,126.3 26,435.7 26,818.4 26,862.6 24,928.1 25,614.7 27,440.2 28,487.4 26,515.0
Food and live animals #
mil. $.. 19,178.8 26,701.2 2,410.4 2,384.0 2,240.0 2,413.1 2,918.2 2,497.1 2,579.4 2,396.5 2,533.6 2,332.4 2,398.1 2,401.6 2,540.8
570.9
Beverages and tobacco
do
477.7
446.4
452.6
384.0
491.4
383.9
409.3
434.7
433.0
469.6
445.4
4,608.4
3,666.7
398.7
Crude materials, inedible, exc.
fuels #
do.... 20,416.3 25,524.5 2,277.3 2,485.6 2,083.6 2,272.1 2,621.4 2,262.3 2,233.5 2,218.5 2,178.5 2,045.8 2,058.6 2,343.4 2,184.5
981.1
841.1
783.0
678.2
7,713.1
Mineral fuels, lubricants, etc. #
do....
886.9
842.5
717.6
831.1
871.0
673.0
674.8
813.9
8,278.5
867.1
Oils and fats, animal and vegetable
do.
86.4
113.2
165.3
124.4
127.8
99.6
116.3
114.7
981.4
109.0
93.2
105.1
105.7
115.0
1,538.4
Chemicals
do
26,380.9 32,644.5 2,635.7 2,801.9 2,561.0 2,860.9 3,231.2 3,328.0 3,406.5 3,364.9 3,111.4 3,067.5 2,992.5 2,943.0 2,821.4
Manufactured goods classified chiefly
by material
...mil. $.. 17,136.1 24,525.5 2,087.5 2,379.2 1,769.6 2,106.4 2,595.8 2,266.1 2,354.2 2,372.7 2,158.1 2,351.8 2,332.5 2,470.5 2,226.0
Miscellaneous manufactured
articles *
do
19,409.0 25,820.7
2,145.8 2,507.4 1 2,172.2 2,423.3 2,965.9 2,650.5 2,672.3 3,045.1 2,671.9 2,733.9 2,797.3 2,781.2 2,792.3
Machinery and transport equipment,
total
mil $ 108,596.0 142,375.4 12,039.3 13,129.2 10,102.1 11,231.6 13,788,9 12,839.1 12,533.6 12,797.5 11,810.7 11,965.8 13,212.1 13,508.6 11,864.8
Machinery, total #
do
69,637.0 88,432.0 7,473.0 8,381.4
Transport equipment, total
do.... 38,959.0 46,702.8 4,040.4 4,087.5
Motor vehicles and parts.....
do.... 20,878.8 24,019.7 2,117.9 1,957.9 2 1,744.0 2,049.2 2,260.2 2,143.3 2,124.2 2,038.4 1,403.5 1,668.5 1,944.8 2,171.5 2,080.5
VALUE OF IMPORTS
General imports, total @
Seasonally adjusted t •
Western Europe *
European Economic Community *
Belgium and Luxembourg *
France
Federal Republic of Germany
Italy
Netherlands *
United Kingdom ,
Eastern Europe *
Union of Soviet Socialist Republics
Western Hemisphere:
Canada
Brazil..
Mexico
Venezuela
Asia:
China*
Hong Kong *
Japan
Republic of Korea *
Saudi Arabia *
do
406,241.0 440,952.3 38,389.3 39,383.9 36,032.1 36,687.1 40,146.8 38,185.1 40,895.7 40,494.1 39,456.4 40,513.9 38,605.8 '43,404.3 40,939.5
do
38,087.3 39,668.4 37,877.3 38,220.3 39,549.0 39,044.7 40,534.3 39,292.8 38,709.0 40,662.1 39,193.5 '41,283.1 40,689.4
do
95,496.1 100,442.8 8,900.3 9,490.7 7,284.2 8,313.1 9,209.7 8,389.4 8,667.3 8,539.3 8,811.5 8,249.7 7,660.7 9,330.7 9,092.5
do.... 81,188.0 84,938.5 7,464.6 8,028.1
6,071.8 6,772.5 7,721.1 6,935.3 7,212.9 7,172.0 7,466.5 7,146.1 6,397.4 7,780.4 7,611.6
do....
418.1
409.1
372.5
299.5
4,170.9
420.1
397.8
394.1
404.1
436.4
307.3
361.4
388.5
4,493.3
379.3
do
949.0 1,127.8 1,161.5
10,730.2 12,508.5 1,032.2 1,102.3
927.4 1,053.3 1,128.0 1,162.0
1,034.7 1,300.0 1,111.7 1,011.2
do.... 27,069.3 26,361.9 2,293.4 2,649.1 1,902.1 1,958.3 2,334.5 2,091.6 2,086.1 1,980.6 2,155.1 2,064.0 1,836.1 2,233.4 2,140.5
do ... 11,039.6 11,576.0 1,028.7 1,025.6
775.1 1,136.6 1,095.6
763.2
979.8 1,053.3 1,180.2 1,113.7
826.1 1,142.9
925.3
do....
445.5
388.0
491.5
375.2
3,963.6
406.1
424.6
377.2
370.9
439.3
401.2
356.0
411.4
4,558.9
346.9
do
17,341.3 17,976.4 1,615.1 1,735.4
1,211.7 1,520.2 1,586.4 1,397.8 1,681.6 1,378,7 1,514.7 1,655.5 1,496.4 1,724.6 1,674.9
164.7
do....
173.8
168.9
166.7
186.0
1,922.6
190.2
144.7
153.3
204.2
159.6
203.3
233.4
173.6
2,162.6
do
47.7
424.7
586.0
63.0
104.5
73.8
80.9
64.4
40.6
81.9
63.5
54.8
52.2
56.1
mil. $..
do
do
do
71,085.0
7,865.4
20,270.8
5,579.0
81,397.9
9,294.3
23,259.7
5,157.4
7,122.0
745.4
2,056.7
391.2
6,476.8
759.6
1,967.1
416.3
7,891.3
672.7
1,977.9
519.5
7,295.8
731.2
2,141.5
404.5
7,636.2
674.7
2,278.8
546.4
7,483.2
713.4
2,377.0
553.5
8,138.8
627.1
2,543.7
632.1
7,506.6
829.5
2,253.2
542.6
5,619.1
759.1
2,160.0
526.7
7,393.0
788.8
2,380.2
552.7
7,014.3
635.7
2,216.5
541.1
7,794.9
729.4
2,436.4
650.8
7,680.9
609.4
2,354.0
665.2
do .
do....
do
do
do
6,293.5
9,854.1
84,575.0
16,986.9
4,433.1
6,201.0
24,621.8
8,510.9
10,237.8
89,518.7
20,105.1
5,620.2
7,973.3
24,713.9
798.8
931.6
8,191.4
1,682.6
363.7
684.0
1,943.8
818.2
915.6
8,477.7
1,937.4
590.5
773.5
2,112.9
787.7
810.7
6,472.6
1,613.0
562.6
619.7
1,831.3
823.3
695.7
7,942.1
1,488.5
563.4
598.3
1,822.7
668.6
622.5
8,390.8
1,613.3
512.5
709.7
1,708.9
727.7
634.9
7,530.2
1,553.6
623.7
686.6
1,863.7
932.6
743.3
7,884.2
1,661.2
587.6
780.0
2,092.0
1,016.6
808.1
7,906.5
1,699.0
630.7
692.0
2,131.2
1,154.9
875.9
7,985.4
1,748.7
584.5
729.2
2,182.0
1,283.7
968.8
7,914.8
1,754.6
654.4
795.3
2,384.6
1,183.0
889.0
7,618.8
1,691.5
564.3
818.5
2,176.5
1,338.4
1,058.4
8,631.1
1,782.1
534.8
850.3
2,290.7
1,130.4
883.6
7,751.6
1,650.0
674.3
820.1
1,990.9
42.4
Taiwan*
do
Africa:
Nigeria *
do
453.2
3,573.4
330.5
492.7
483.6
653.0
180.3
3,278.5
490.6
523.4
313.3
359.3
269.6
404.7
323.2
Republic of South Africa
do....
132.9
123.6
130.6
1,345.5
123.1
111.6
142.6
1,512.9
136.1
145.5
121.5
119.8
140.2
129.0
123.6
Australia *
do .
359.2
380.2
317.0
311.2
340.5
3,007.2
314.1
332.0
326.7
309.4
307.8
271.6
296.3
274.3
3,541.3
OPEC *
do
23,953.1 22,962.2 1,715.9 1,984.3 2,233.9 1,997.6 2,216.4 2,458.0 2,900.6 2,640.4 2,789.4 2,817.9 2,489.5 2,595.7 2,824.8
By commodity groups and principal
commodities:
Petroleum and products *
mil. $.. 42,285.4 38,786.5
3,558.0 3,281.3 3,737.7 4,135.8 '"4,834.0 '4,294.9 r4,364.2 r4,399.2 r4,081.9 '4,409.1 4,427.4
2,957.5 3,338.5
Nonpetroleum products *..
do.... 363,615.2 402,165.8 35,431.8 36,045.4 32,339.2 34,278.9 36,174.3 34,088.0 '36,240.2 '35,985.6 '34,690.8 -•36,632.8 '34,417.3 '38,922.9 36,512.1
Food and live animals #
do.... 20,547.1 20,109.8
1,646.0 1,769.6 1,924.0 1,771.6 1,792.4 1,689.4 1,810.5 1,657.1 1,612.6 1,793.8 1,514.2 1,728.3 1,702.3
Beverages and tobacco
....do....
454.5
490.8
4,104.9
371.5
371.5
327.1
301.2
354.4
414.1
335.3
371.1
321.1
324.5
4,122.6
358.5
Crude materials, inedible, exc.
fuels $
do
11,525.7 13,624.4 1,172.3 1,161.5 1,325.0 1,207.1 1,405.7 1,283.5 1,373.7 1,284.8 1,180.8 1,389.8 1,239.1 1,297.5 1,227.0
Mineral fuels, lubricants, etc
do.... 44,219.5 41,041.5
3,161.6 3,605.2 3,816.0 3,567.3 4,024.4 4,392.2 5,104.1 4,542.9 4,603.1 4,657.8 4,326.7 4,652.2 4,636.0
Oils and fats, animal and vegetable
do
63.1
68.7
48.9
64.8
62.2
568.1
59.3
69.0
44.7
86.5
100.0
887.5
80.1
62.4
38.3
Chemicals
do
16,213.4
1,583.5 1,706.2 1,819.6 1,723.2 1,923.2 1,704.2 1,738.0 1,776.2 1,656.8 1,723.0 1,534.3 1,857.4 1,735.4
19,559.7
Manufactured goods classified chiefly
by material
mil. $.. 53,356.3 62,249.0 5,519.0 5,087.2 5,275.5 5,078.4 5,294.4 5,130.3 5,365.2 5,270.2 5,171.6 5,471.5 4,918.2 5,533.1 5,121.6
Miscellaneous manufactured
articles *
do.... 65,183.1 69,748.9 6,015.9 5,937.5 5,409.0 5,616.5 5,675.0 5,375.6 6,081.4 6,626.7 7,157.9 7,543.4 6,865.3 7,702.3 6,750.1
Machinery
and
transport
equipment..,,,.....,,....,..,,.,,,
,, do
177,808.7 197,016.7 17,598.9 18,477.4 14,969.5 17,077.4 18,288.0 17,195.9 18,021.1 17,518.2 16,233.1 16,741.1 16,436.0 18,446.2 17,911.3
Machinery, total #
do.... 99,432.9 117,281.0 10,370.8 10,807.4
Transport equipment
do.... 78,375.8 79,772.4 7,178.3 7,538.4
Motor vehicles and parts
do.... 70,763.8 71,065.0 6,463.7 6,814.5 2 5,472.5 6,218.4 6,510.0 6,031.9 6,123.8 5,801.1 5,029.5 4,907.8 5,221.1 6,193.5 6,112.6
See footnotes at end of tables.
Dec.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
1987
January 1990
1988
Annual
j, .,
units
1988
No,.
1989
Dec.
Jan.
Feb.
Apr.
Mar.
May
July
June
Sept.
Aug.
Oct.
Nov.
Dec.
FOREIGN TRADE OF THE UNITED STATES-Continued
Indexes
Exports of U.S. merchandise:
Unit value @
Quantity
Value
General imports:
Unit value @
Quantity
Value
1977 — 100
do
do
1586
1270
201 4
1696
1498
254 1
1758
145 1
2550
1763
1590
2804
1740
1446
251 7
172 5
1557
268 5
175 5
181 5
318 6
174 6
1694
2957
1756
1699
2984
1766
1677
2962
1772
1559
276 2
1646
1692
278 5
1729
1751
3027
1723
1830
3152
1744
1829
3189
176 2
1684
2967
177 5
1742
3093
1797
1828
3287
181 5
1734
3148
1823
1856
3382
181 5
1828
3317
181 4
1773
321 6
324 125
99011
361 173
125 782
29230
10690
34266
11995
29 117
10672
28962
11 721
34760
13277
33036
12564
34284
12756
34563
11957
29061
11989
30188
11736
23165
8878
427 913
245,030
464 606
254,766
39856
21,453
43 501
23,213
38 364
19,959
36814
21,015
39414
22,283
38 573
21,372
44918
23,426
41 664
23,109
44013
24,113
44960
23,835
40768
21,667
do
do
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous. met tons
Value
mil $
General imports:
Shipping weight
..
thous met tons
Value
mil. $..
(3)
(3)
(3)
(3)
(3)
(3)
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Certificated route carriers:
Passenger-miles (revenue)
bil .
Passenger-load factor
percent .
Ton-miles (revenue) total
mil
Operating revenues (quarterly) # §
mil $
Passenger revenues
do
Cargo revenues
do
Mail revenues
do
Operating expenses (quarterly) §
do
Net income after taxes (quarterly) §
do
Domestic operations:
Passenger-miles (revenue)
bil
Cargo ton-miles
mil
Mail ton-miles
do
Operating revenues (quarterly) §
mil $
Operating expenses (quarterly) §
do..
Net income after taxes (quarterly) §
do
International operations:
Passenger-miles (revenue)
bil..
Cargo ton-miles
mil
Mail ton-miles
do
Operating revenues (quarterly) §
mil $
Operating expenses (quarterly) §
do
Net income after taxes (quarterly) §
do....
Urban Transit Industry
Passengers carried, total ft
mil
Motor Carriers
Carriers of property, large, class I, qtrly.:
Number of reporting carriers
Operating revenues, total
mil $
Net income, after extraordinary and prior
period charges and credits
mil $
Tonnage hauled (revenue), common and
contract carrier service
mil. tons
Freight carried—volume indexes, class I and II
intercity truck tonnage (ATA):
Common carriers of general freight,
seas adj
1967—100
Class I Railroads *
Financial operations, quarterly (AAR),
excluding Amtrak:
Operating revenues, total #
mil $
Freight
do....
Passenger, excl. Amtrak
do
Operating expenses
. .
do
Net railway operating income
do
Ordinary income f
•
do
Traffic:
Revenue ton-miles, qtrly. (AAR) .
bil
Price index for railroad freight
12/84=100 ..
Travel
Lodging industry:
Restaurant sales index ...same month 1967 — 100
Rooms occupiea
Motor hotels* Average room sale Q
Rooms occupied ... .
Economy hotels: Average room
sale <}
Rooms occupied
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.
42330
625
53 800
1
63 633
1
50 296
1
7,478
;
972
*60
136
7
1 785
32.53
59.8
4 295
3348
583
4413
16 030
12474
2,017
269
15495
240
3218
562
4099
2937
569
3 834
3603
650
4670
16385
12768
2199
236
16075
189
33.57
62.0
4373
35.38
62.5
4 535
4005
697
5030
17632
13803
2,142
237
16497
577
4190
69.5
5200
4438
724
5441
34.70
60.5
4500
36.15
61.9
4711
32931
32469
4 843
4340
1 313 1 367
1
1
45 658 1 50 052
1
47 562
43 925
1QQ
^1027
2585
426
113
2622
413
169
12744
12243
162
2485
363
112
2328
368
107
28.45
431
125
13160
12761
12
26.10
411
114
26.94
418
110
29.93
420
109
13977
12,823
615
30.93
404
101
32.97
420
114
25.42
424
109
27.64
453
114
7.26
423
61
3 233
3 201
77
7.33
371
36
5.99
389
35
7.58
470
41
3 210
3296
176
7.48
451
39
8.44
432
38
10.12
457
38
3 640
3657
38
10.97
467
38
11.41
427
41
9.28
461
36
8.51
489
40
740
709
753
785
764
688
760
734
158 6
1690
1643
40447
62.3
50469
1
56 787
44
918
1
6 434
924
1 54 339
465
79.83
3921
443
10925
10226
'307
93.99
4789
470
1 13 332
1
12 361
1
720
6.67
457
46
8766
8950
764
100
18 398
100
1 18 668
100
4 964
'297
^464
2
2
J
1
181
163 8
170
177 2
26623 11 27 979
27 135
25,798
95
85
23 881 1 24 883
1752
'1961
1 989 :2319
9437
100.1
100
5055
127
80
135
45
41
43
177 6
169 2
r
166 7
172 5
172 7
172 2
6996
6779
22
6265
443
507
7 107
6886
21
6 281
490
715
r
756
100
4715
178 3
178 1
720
11
7 105
6,864
6205
593
635
5886
673
578
r
l 000 4
104.8
105.4
254 0
105.4
105.8
105.9
2492
105.9
106.0
106.0
254 6
106.3
106.9
106.8
251.1
106.7
% of total
dollars
% of total
223
82 58
68
47 79
62
236
85 12
66
4588
64
222
88 54
66
4362
56
241
85 40
52
43 33
48
192
8878
58
44 17
54
224
91 84
68
48 15
66
252
89 43
70
4922
72
240
8988
72
47 80
69
290
8963
70
4632
68
272
8512
71
47 36
72
262
7901
68
4866
75
217
8073
72
4774
75
245
8638
69
4421
63
dollars.
% of total
32.87
64
40.62
65
3332
56
3503
49
3531
53
39.15
66
3932
65
39.05
67
3801
69
40.80
77
4025
80
40.16
79
37.43
67
thous .
do
do...
..do...
do
do...
1
17,005
1
16 425
1
11,639
1
'1 17,583
17 209
1
13,804
1
12 211
4061
55,422
323
1,441
4,189
3763
3,166
2830
424
2,323
416
5,044
4,504
4 682
3,654
3158
396
r
7,722
2
1,902
2
1850
2
1,709
2
233
2,241
3,829
3 943
3,247
2939
223
1,304
10,239
4872
55,782
283
1,516
375
3,081
r
1281
300
10,252
289
10,019
230
6,525
r
1683
P
1652
106.7
i06.9
248.4
106.9
232
4,865
227
2,379
197
1,254
r
S-19
SURVEY OF CURRENT BUSINESS
January 1990
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
1988
Annual
TT ..
Lmts
1987
Nov.
1988
1989
Jan.
Dec.
Mar.
Feb.
Apr.
y
y
Nov.
P
Dec.
TRANSPORTATION AND COMMUNICATION—Continued
COMMUNICATION
Telephone carriers: <0>
Operating revenues #
Station revenues
Tolls, message
Operating expenses (excluding taxes)
Net operating income (after taxes)
Access lines
••
mil $
do
do ....
do....
do....
mil ..
74,657
31,669
9,171
50,384
13,370
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% A12O3)
thous. sh. tons ..
Chlorine gas (100% C12)
.
do
Hydrochloric acid (100% HC1) . .
do
Phosphorus, elemental
do
Sodium hydroxide (100% NaOH)
do
Sodium silicate, anhydrous
do.
Sodium sulfate (100% Na2SO4)
do.. .
Sodium tripolyphosphate
(100% NasPaOio)
do
Titanium dioxide (composite and
pure)
do..
Sulfur, native (Frasch) and recovered:
Production
thous. met. tons..
Stocks (producers') end of period
do....
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrous $
thous. sh. tons ..
Ammonium nitrate, original solution $
....
do
Ammonium sulfate $
do....
Nitric acid (100% HNO3) $
do....
Nitrogen solutions (100% N) $
do
Phosphoric acid (100% P2O5) $
do
Sulfuric acid (100% H2SO4) $
do
Superphosphate and other phosphatic
fertilizers (gross weight):
Production
thous sh tons
Stocks, end of period
do....
Potash, sales (K2O)
do
Imports:
Ammonium nitrate
thous. met. tons..
Ammonium sulfate
do
Potassium chloride
do
Sodium nitrate
do
Industrial Gases
Production:
Acetylene
Hydrogen (high and low purity)
Nitrogen (high and low purity)
Oxygen (high and low purity)
mil cu ft
do....
do
do....
1,264
11,019
2,869
344
11,486
952
813
89
946
222
26
997
88
64
109
955
238
31
1,028
68
68
97
972
221
29
1,023
74
66
102
930
249
31
988
71
67
47
45
49
46
49
46
55
86
91
93
92
87
96
92
98
966
221
29
1,022
66
65
551
586
1,026
968
1
(3)
(3)
65
91
974
227
30
1,039
64
71
1,274
11,329
2,568
352
11,983
748
789
105
(3)
233
30
104
949
241
32
1,031
72
64
114
913
241
31
985
77
62
103
'918
'224
28
r
992
r
73
r
61
105
942
225
31
1,008
82
64
198
866
250
31
934
74
58
50
50
47
50
49
44
93
97
92
92
96
86
107
910
243
32
972
71
70
r
9,363
2,316
'9,450
1,112
816
1,210
931
1,112
935
1,101
794
1,122
925
1,159
902
1,252
908
1,310
891
1,387
893
1,498
868
1,483
819
1,500
836
1,492
808
1,383
16,098
16,821
1,391
1,510
1,529
1,342
1,494
1,471
1,505
1,433
1,380
1,268
1,292
1,390
1,409
6,547
2,189
7,225
2,385
10,619
r
39,256
r
7,504
r
2,333
'7,991
r
2,902
11,677
r
42,141
656
207
r
670
r
259
r
966
r
3,646
695
210
-724
r
282
1,074
r
3,890
687
201
726
263
1,007
3,790
612
188
660
243
936
3,496
675
199
715
258
1,045
3,821
673
207
701
261
966
3,659
684
206
714
269
965
3,687
628
200
666
245
869
3,291
600
198
640
247
927
3,504
573
195
616
204
971
3,691
564
191
593
228
958
3,541
637
194
661
250
1,012
3,716
613
200
668
223
980
3,612
15,674
704
6,204
16,858
879
'5,705
1,515
749
447
1,604
879
548
1,592
860
579
1,400
989
344
1,640
970
401
1,640
913
731
1,594
874
637
1,366
1,011
238
1,455
962
256
1,472
826
529
1,429
769
409
1,578
r
852
489
1,540
943
414
4
40
4
23
710
11
46
6
396
14
37
53
541
14
46
48
659
11
38
30
427
21
46
14
261
22
21
9
89
2
29
19
472
12
24
16
495
6
29
48
558
()
26
21
460
13
444
10,498
61,071
38,522
425
10,955
57,539
36,668
480
11,554
63,163
39,735
450
11,145
61,005
37,721
347
11,214
62,200
40,190
381
12,377
58,734
39,158
343
11,607
61,434
38,801
422
11,773
62,645
38,177
r
460
11,421
-•61,174
'36,301
511
10,545
63,520
36,169
r
r
279
259
6,613
93
267
337
6,796
131
16
40
586
()
44
32
558
8
5,284
149,217
675,843
402,644
4,948
143,819
719,371
448,695
446
11,849
484
11,209
61,382
39,353
2
38^022
4
2
Organic Chemicals §
Production:
Acetylsalicylic acid (aspirin)
thous. met. tons..
10.8
10.9
Ethyl acetate
.
do
115.3
Formaldehyde (37% HCHO). . . .
do
'2,60015 '2,848.8
Glycerin, refined, all grades
mil. lb..
276.4
281.7
Methanol, synthetic
thous. met. tons.. '3,418.2 '3,692.8
Phthalic anhydride
do
469.6
'452.9
ALCOHOL
Ethyl alcohol and spirits:
Production
Stocks end of period
Denatured alcohol:
Production
Consumption (withdrawals)
For fuel use
Stocks, end of period
See footnotes at end of tables.
mil. tax gal ..
do
mil wine gal
do
do
do....
26.0
2.0
32.5
786.3
19.4
9504
132.4
5
2.4
S
340
5731 o
27.7
20.9
24.9
5
7521
5
24.0
28.5
130.0
24
31.8
740 6
22.0
901.6
130.3
23.4
23.1
1.8
31.3
7157
25.7
874.8
1222
730.3
43.4
r
777.3
39.7
69.7
36.3
67.8
39.7
82.2
45.0
69.8
48.1
68.9
46.2
68.6
43.4
79.3
45.7
76.1
39.7
77.6
44.9
81.0
40.5
89.0
42.5
442.5
460.8
208.3
9.7
r
463.5
r
38.2
36.9
18.1
7.4
42.2
39.7
17.2
9.2
38.1
37.8
17.0
9.1
38.9
38.0
13.3
8.8
43.4
42.1
12.8
9.2
34.5
36.3
14.4
7.6
47.7
45.8
17.1
9.3
44.6
45.6
16.5
9.8
39.0
39.9
14.5
7.9
44.5
40.9
15.8
8.8
45.8
41.3
16.7
13.2
469.7
216.0
9.2
27.2
26.2
:::::::::::::.:
S-20
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
January 1990
1989
1988
Annual
TT lt
umts
1987
1988
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
CHEMICALS AND ALLIED PRODUCTS—Continued
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
thous, met. tons ..
Polyethylene and copolymers
....do....
Polypropylene
do
Polystyrene and copolymers
do
Polyvinyl chloride and copolymers
do ....
2
769.8
'7,881.0
'31648
2
3,757 0
1
3,782.0
765.3
'8,479.6
'32916
4,166 2
'3,895.5
PAINTS, VARNISH, AND LACQUER *
Total shipments
mil. $.
Architectural coatings
do ....
Product coatings (OEM)
do ...
Special purpose coatings
do ....
10,167.6
4,245.4
3,782.5
2,139.7
10,716.1
4,372.1
4,062.9
2,281.1
4
2,156.1
7648
'
1,058.5
819.7
300.6
344.7
174.4
7515
2812
3147
155.5
8205
3094
3445
166.6
841.8
317.7
359.3
164.4
2,004.6
4
759 7
1,898.4
7898
1,913.2
7077
< 1,093.2
1,031.5
1,056.5
9526
3873
369.3
196.0
985.7
399.1
372.6
213.9
1,072.7
464.4
382.0
226.2
1,0915
464 8
3932
233.5
9659
4310
319.8
215.1
1 1144
4842
381.6
248.7
1,019.7
414.4
380.8
224.5
995.9
399.0
379.5
217.4
934.9
361.1
361.6
212.1
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production:
Electric utilities, total
mil kw -hr 2 572 127 2 701 624
By fuels
.
do
2 322 432 2 478 686
By waterpower
do
249 695 222 938
Sales to ultimate customers, total (Edison
Electric Institute) ()
mil kw -hr 2 435 483 2 549 909
Commercial § .
do
658 445 695 181
Industrial §
do .... 843,709 880,947
5110
Railways and railroads
do
4898
Residential or domestic
do . 846,457 885,146
Street and highway lighting
do
14537
14 386
64,598
63,047
Other public authorities
....do,...
4 541
Interdepartmental . . .
do
4392
Revenue from sales to ultimate customers
(Edison Electric Institute) Q
mil $
155 700 162188
GAS it
Total utility gas, quarterly
(American Gas Association):
Customers, end of period, total @
Residential
Commercial
Industrial®
Other ...
Sales to customers, total . .
Residential
Commercial
Industrial
Electric generation
...
Other
,
Revenue from sales to customers, total
Residential
Commercial
Industrial
Electric generation
Other
thous..
do
do
do ..
do
tril Btu
do ..
do ....
do....
do
. . do
.mil. $..
do
....do ....
do
do....
do ....
209 394 232 550 231 343 219 066 226 436 207 749 219803 235 397 256 744 258 335 226 861
190 928 212 637 211 378 200 447 203 794 183 674 191 771 209 515 234 074 238 148 207 938
18466 19913 19965 18 620 22642 24075 28033 25881 22 670 20187 18923
614 775
167 127
221,204
1294
203 879
3 881
16,150
1 239
648 311
169 383
217,772
1358
238,476
3758
16,573
990
611 933
170 802
225,488
1,233
193,532
3347
16,388
1 141
708 773
203 271
233,394
1,273
250,044
3 486
16,064
1,241
38 559
40087
39076
48125
51,786
47564
3989
179
54
10543
4,385
2,156
2,339
1 509
155
52,683
48377
4088
168
50
10 691
4,692
2,304
2,204
1 331
'l60
52,683
48377
4088
168
50
2801
1319
634
607
190
51
53,552
49 109
4210
177
55
4002
2 152
961
622
209
58
53,143
48,761
4162
169
51
1932
791
408
438
263
32
45,492
23622
10,271
7,279
3,789
530
46,109
24812
10 670
6,702
3,387
539
12514
7 017
2953
1 812
570
161
18,564
11 230
4659
1938
499
239
8,531
4496
1,913
1,335
669
117
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Taxable withdrawals
do
Stocks, end of period
do
Distilled spirits (total):
Production
mil tax gal
Consumption, apparent, for beverage
purposes f
mil wine gal
Stocks, end of period
mil tax gal
Imports
mil. proof liters .
Whisky:
Production. .
.
mil tax gal
Stocks, end of period
do
Imports.. .
mil proof liters
Wines and distilling materials:
Effervescent wines:
Production
mil. wine gal.,
Taxable withdrawals
do
Stocks, end of period
do
Imports
mil. liters .
Still wines:
Production
mil wine gal.
Taxable withdrawals
do ..
Stocks, end of period
do....
Imports
, mil liters
Distilling materials produced at
wineries.....
mil wine gal
See footnotes at end of tables.
195 42
177 85
1294
r
r!98 02
!78 23
13 23
r
14 02
1321
13 47
13 32
1223
13 23
15 88
1409
13 38
15 29
1320
1384
17 57
15'41
1424
17 30
1488
1499
18 40
16.78
1472
18 28
1623
1460
18 75
1694
1435
1835
\1A\
1433
1528
14.77
1356
9473
9 75
8 13
9 17
9 41
11 42
9 88
9 70
8 93
477
664
1031
38822
45500
404 60
378 20
42092
363 20
38 68
423 98
42 10
44 96
42092
26 50
25 06
38937
3 24 14
26 61
42394
2823
30 25
427 12
24'44
28 42
42909
2666
3063
433 04
8052
31 70
42377
23 97
2786
405 70
2463
29 90
42259
3385
41386
3290
38 33
39372
26850
4827
36456
231 90
604
364 88
27 60
5 56
364 56
16 50
621
333 10
315 61
675
367 47
17 15
913
371*45
14 45
8 12
373 97
1580
797
375 97
1935
645
370 86
1446
260
32593
1336
524
37053
556
36128
2789
3004
1499
5250
3072
29 24
18 65
4930
302
469
1548
800
262
3 54
1865
490
277
1 21
16 53
ai 91
2 14
1 33
1832
274
220
1 27
17 66
238
176
208
1785
327
233
2 10
1807
2 50
95
445 17
586.77
25740
5330
3433
587.32
26 50
4503
3435
58677
1960
1034
2975
57930
3
14 98
5 63
2940
54493
13 55
4 12
3246
53843
21 02
473
3397
53681
1988
5 18
3588
535 69
21 48
636
41 54
533.86
18 68
526
3162
439 14
1803
131 76
8 95
701
401
3 23
4 95
4 sg
493
5 56
509
76 51
44283
451.80
602.97
31200
145 90
r
470
r
202
1 25
17-28
2 10
r
2 18
1 27
1876
243
1582
14.32
13.06
54.08
40.00
3646
2321
411
782
17.63
3656
3866
396 84
2044
14712
3412
538.39
1776
2851
2797
1224
28 12
21 44
276
1 79
19 57
343
1834
348
280
1944
Dec.
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-21
SURVEY Of CURRENT BUSINESS
January 1990
.. .
uims
Annual
1987
1988
Nov.
1988
1989
Jan.
Dec,
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Nov.
Oct.
Dec.
FOOD AND KlNbftED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter:
Production (factory)
mil Ib
Stocks, cold storage, end of period
do ....
Producer Price Index
1982=100 ..
Cheese:
Production (factory) total
mil Ib
American, whole milk
.do
Stocks, cold storage, end of period
do ....
American, whole milk
do....
Imports
.
thous met tons
Price, wholesale, cheddar, single daisies
(Chicago)
$ per Ib
Condensed and evaporated milk:
Production case goods
mil Ib
Stocks, manufacturers', case goods, end of
period
do
Exports
thous met tons
Fluid milk:
Production on farms f
roil
Ib
Utilization in manufactured dairy
products
do
Price, wholesale, U.S. average
$ per 100 Ib ..
Dry milk:
Production:
Dry whole milk
.mil Ib .
Nonfat dry milk (human food)...
do....
Stocks, manufacturers', end of period:
Dry whole milk
do...
Nonfat dry milk (human food)
do
Exports, whole" and nonfat
(human food)
thous met tons
Price, manufacturers' average selling, nonfat
dry milk (human food)
$ per Ib
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye,
wheat)
mil bu
Barley:
Production (crop estimate)
mil met tons
Stocks (domestic), end of period total
do
On farms
do
Off farms
do
Exports, including malt §
thous. met* tonsProducer Price Index, No. 2 feed,
Minneapolis
1982= 100 ..
Corn:
Production (crop estimate, grain
1207.5
956
214.7
8
90.6
226*2
53442
55716
27566
4589
2145
4865
2350
3881
283.4
366.7
260.8
1146
5797
318
24
Production (crop estimate)
mil met tons
Producer Price Index, No. 2,
Minneapolis
1982 — 100
Wheat:
Production (crop estimate), total
mil met tons
Spring wheat
do
Winter wheat
do
Stocks (domestic) end of period total
On farms. .
.
Off farms
Exports total including flour
y
See footnotes at end of tables.
do
do .
.do
do
92.1
1290
246.6
89.1
1247
314.4
88.6
1357
341.9
88.5
1247
379.1
88.5
1225
95.3
438.3
464.2
88.5
88.5
4726
2362
4949
2470
4051
288.1
80
4855
2400
4296
307,3
722
461.0
88.3
927
93.6
294.1
85.7
801
82.1
439.2
407.6
90.5
89.1
85.7
4604
4472
200.3
367.2
268.4
4530
206.8
454.2
327.2
246.0
328.4
233.0
129
13 3
145
r
370.4
4195
4884
283.4
4566
2256
395.3
283.8
2087
402.3
290.9
126
122
"7.4
69
231.9
394.7
283.8
87
5887
422
456
445
41 5
490
477
47 o
486
425
420
378
373
441
35
515
10
441
1
594
"2
751
25
852
19
905
31
1026
12
1175
14
1165
16
1167
5
98.7
69.7
3
121 294
123 896
9790
10251
10,476
9,839
10,860
10,770
11,095
10,435
10,293
10,135
9,754
9,918
84720
85072
6425
6948
6878
7866
7654
8075
7553
6505
6,525
12.22
13.40
13.50
13.10
12.70
12.30
12.20
12.30
6851
12.60
6970
12.53
7189
13UO
13.20
14.00
14.70
15.50
2 716.7
457.1
367.4
1202
3881
423.1
82
309.1
88
4646
2268
427.0
308.7
2140
418.1
300.5
123
102
248.3
84.7
210.2
r
r
322.3
229.5
(9)
5
r
42.8
3
r
6430
145.9
1,723
978.5
12.9
54.3
14.2
75.8
15.3
87.1
13.9
85.6
13.5
95.7
14.3
99.8
14.1
99.8
13.9
81.0
12.7
60.8
14.5
53.9
13.9
46.3
17.6
48.0
16.6
50.8
80
65 1
128
45 1
108
39 1
128
45 1
12.9
604
10.9
798
10.1
846
11.7
97 9
10.1
984
10.9
77 5
9.0
667
8.9
569
6.2
446
8.0
361
10.0
324
1759
153 1
133
146
"60
8.0
162
179
17 5
249
189
203
793
773
841
849
853
841
816
828
834
854
908
979
29204
34483
2466
2954
rt\l 354
r6
7322
4221
r6
^3101
3,114.5
"85.7
^6314
r?
8
r7
102
3 973
?
4129
2,244 4
m 496
4260
6262
r7gg QQ
7
26.29
r7
41 76
3179
1 1067
46
1220
67
1.410
5
H3
6 109
r
"2
684
13
S 102
3973
4129
684
3361
"6.4
3 426
69
47.9
117.5
110.2
114.9
118.6
130.1
r
110.4
r
^4276
r4
1840
4
2 436
9078
r
5516
3562
3086
223.8
ii'i 4
225.7
213.1
192.6
iio.9
132.2
130.6
106.6
117.5
114.9
112.3
112.8
110.4
r2
379
4 38
1042
1064
is 132; 19
"76 74
"5545
3 94
"446
1130
1087
3
2420
143.2
9^94
142.6
"3,212
155.3
2676
133.4
rt
5 17
4 51
35 49
538
C
568
339
*24 46
272
290
445
11936
60.46
747
111 6
1069
111 1
103 1
1024
948
947
91.8
95.9
'2458
94.2
5
5.425
5
7.007
1427
e 870
e 557
14769
4402
6,436
2,353
131.8
118.1
117.0
104.9
5,064
3,138
4,798
6,597
92.5
85.3
84.5
82.4
92.2
87.4
1,652
640
614
784
957
997
1037
631
516
428
538
3,858
633
775
609
656
855
705
749
780
616
476
667
737
2397
2059
2056
212
1 915
206
1 618
345
1 171
201
889
270
766
178
2,982
"231
1 884
308
2557
238
2 Oil
274
104 4
1039
1039
1039
1042
1047
1089
1108
111 6
112 1
1109
273
2,519
279
111 1
261
1066
106.2
5
.342
779
828
791
79 1
762
79 1
777
557
60 1
593
60.8
68.9
67.4
65.9
5
55.41
5
15.84
5
49 32
681
«4251
"7146
r7
46 70
r7
1687
7
2983
41 33
1 469 2
191 20
17982
4904
8685
3
51 36
3
6
69 1
2
114.9
109.7
5
17963
10872
7090
8784
7.689
4.092
3.597
m 373
8
"15.90
(12)
r
8
547
2
57 36
2
14 76
2
147
1.064
10,203
9,698
1,056.8
^181.14 72 125 19
'7248,19 7 179 63
Stocks (domestic) end of period total
do
7
On farms .
do
154 95 7 108 72
79325
Off farms
do
77090
Exports including meal and flour
do
4081
4632
Producer Price Index, No. 2, Chi8
cago
1982—100
677
97 1
Oats:
Production (crop estimate)
mil. met. tons.. 1-2 5.424 ^3.158
Stocks (domestic), end of period,
716
6
total
do. .
1.927
1.626
6
On farms
do
1
499 *1 116
6
8
Off farms
do
427
.510
Exports, including oatmeal
metric tons30,2i3
29989
Producer Price Index, No. 2, Minneapolis
8
/0
92.5
1982=100..
135.4
Rice:
2
Production (crop estimate).....
mil. met. tons..
5.879 ^7253
Southern States mills:
Receipts, rough, from producers
...mil Ib..
9533
8$85
Shipments from mills, milled
rice
do
7791
6722
Stocks, domestic, rough and cleaned (cleaned
basis) end of period
mil Ib
2011
2689
2 199
2380
Producer Price Index, medium grain,
8
milled
1982— 100
833
1126
Rye:
1120
214.7
92.1
1,104 1
143.2
95.3
r
39.57
1497
13 39
1438
2271
4670
r«334i
r
r4 19 10
r
52 18
r
22.64
r
"20.81
29.83
256
907
r4
787
4
" 12 60
1687
291
99 8
"323
(12)
359
399
3 28
11.23
266
13.46
3858
15.84
22.74
29.54
249
379
371
4.28
2.50
2.03
S-22
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
n
Annual
.,
1987
January 1990
1988
Nov.
1988
1989
Dec.
Jan.
Mar.
Feb.
Apr.
Aug.
July
June
May
Dec.
Nov.
Oct.
Sept.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS-Continued
Wheat—Continued
Producer Price Indexes:
Hard red winter, No. 1, ord. protein (K.C.)
2
70.6
1982=100..
90.8
Hard red spring, No. 1, ord. protein (Minn.)
2
68.8
1982=100..
93.1
Wheat flour:
Production:
Flour
thous sacks (100 Ib )
341 565 344 154
Millfeed
thous sh tons
6260
6 163
Grindings of wheat
thous. bu.. 767,384 769,699
Stocks held by mills, end of period
5858
thous sacks (100 Ib )
4800
Exports
thous met tons
1 196 00 96080
Producer Price Index
6/83=100 ..
102.0
89.7
103.6
105.2
110.1
108.0
114.6
108.3
115.0
111.2
107.3
106.6
105.2
105.6
107.7
109.2
102.7
103.3
111.5
108.9
113.4
109.4
114.6
107.5
106.1
106.9
106.1
106.2
105.0
108.6
31 135
563
69,662
28450
'554
63,833
29 084
518
64,991
27 109
479
60,789
26963
480
60,387
27 186
482
60,659
28 607
505
64,739
26 644
480
59,645
26598
497
61,268
32334
589
74,073
29790
533
68,045
31 806
r
560
^71,895
30035
566
68,165
6560
109.0
4800
13570
109.1
6
129 32
110.0
4423
13488
112.4
12848
109.5
103 44
112.0
5253
17 78
112.7
3574
112.1
114 51
110.7
5593
17708
109.2
6625
108.3
13494
108.6
81 70
110.7
r
109.7
POULTRY AND EGGS
Poultry:
Slaughter.
mil Ib
Stocks, cold storage (frozen), end of period,
total
mil. Ib..
Turkeys
do
Price, in Georgia producing area,
live broilers
$ per Ib..
Eggs:
Production on farms . .
mil cases §
Stocks, cold storage, end of period:
Shell
thous cases §
Frozen
mil Ib
Price, wholesale, large (delivered; Chicago)
$ per doz..
19886
20520
1728
1 607
1 694
1 574
501
266
451
250
510
304
451
250
462
263
455
263
1830
458
269
1 653
1 951
1 959
1 777
2089
1862
1971
1899
488
299
552
356
657
455
686
497
r
768
r
r
769
r
776
572
478
258
468
234
.270
574
569
.265
315
330
.335
340
.330
330
375
440
410
375
355
.355
290
.290
1932
1930
158
162
159
144
160
154
158
152
156
155
151
157
154
43
17
9
20
26
18
9
20
12
20
7
19
16
15
18
15
26
16
27
15
12
16
17
15
23
14
6
15
11
13
12
14
.622
.661
.678
.666
.910
.716
.698
.720
.718
.796
.772
.794
.891
.943
2,411
34048
202
2698
203
2685
196
2711
175
2 500
194
2744
152
2576
157
2947
161
2951
169
2730
189
2975
173
2706
191
2876
175
2694
167
2600
.579
.583
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. animals..
Cattle
do
Prices, wholesale:
Beef steers (Omaha)
$ per 100 Ib ..
Steers, stocker and feeder
(Kansas City)
do....
Calves, vealers (So. St. Paul)
dollars $..
Hogs:
Slaughter (federally inspected) thous. animals ..
Prices:
Wholesale, average, all weights (Sioux City)
$ per 100 Ib...
Hog-corn price ratio (bu. of corn equal in
value to 100 Ib live hog)
Sheep and lambs:
Slaughter (federally inspected) thous. animals ..
Price, wholesale, lambs, average (Omaha)
$per 100 Ib..
MEATS
Total meats (excluding lard):
Production
mil Ib
Stocks, cold storage, end of period
do ....
Exports (meats and meat preparations)
thous. met. tons ..
Imports (meats and meat preparations)
do
Beef and veal:
Production, total
mil Ib
Stocks, cold storage, end of period
do ....
Exports
thous. met. tons ..
Imports
do
Price, wholesale, beef, fresh steer carcasses,
choice (600-700 Ibs.)
(Central U.S.)
$ per Ib
Lamb and mutton:
Production, total
mil Ib
Stocks, cold storage, end of period
do ....
Pork (excluding lard):
Production, total
do
Stocks, cold storage, end of period
do ....
Exports
thous met tons
Imports
do .
Prices:
Producer Price Index, Hams, smoked
1982-100..
Fresh loins, 8-14 Ib. average,
wholesale (N.Y.)
$ per Ib..
2,679
34468
6958
7007
7121
7235
72.92
75.81
7531
7452
7171
70.74
71.09
68.44
69.69
72.48
75.21
80.50
227.67
81.31
230.88
80.99
225.63
82.02
230.25
82.91
225.06
80.98
257.50
78.58
266.25
78.25
260.05
79.08
258.44
81.64
246.88
84.54
263.00
83.56
258.75
81.24
244.38
82.65
242.90
82.30
230.00
78,913
85,516
7,908
7,703
7,116
6,619
7,569
7,199
7,277
6,881
6,131
7,392
7,493
7,823
7,815
7,012
47.11
43.25
36.52
40.58
41.64
41.11
39.88
37.22
42.40
46.24
47.26
47.04
44.58
47.49
47.21
49.65
336
19 9
144
157
157
157
152
144
16 1
179
18 6
202
191
209
418
447
418
415
505
393
435
423
398
476
440
468
467
457
64.60
71.32
78.92
r
201
21.6
5,042
5,122
75.77
60.71
61.90
64.75
66.25
66.83
69.50
74.50
73.75
68.56
65.73
63.31
56.67
58.33
55.03
56.38
38442
623
39763
716
3399
701
3 358
716
3 265
745
3 003
762
3326
749
3 130
767
3396
'735
3 342
686
3 047
654
3482
579
3 317
559
3 524
'541
3411
555
3172
529
915
1,081
103
105
84
91
108
105
110
119
116
117
101
121
122
1 250
1 263
89
74
114
86
96
91
98
94
91
95
74
87
89
2072
r
228
54
54
1,934
241
48
56
1,853
250
6
6
443
753
1 909
305
46
50
1 904
'323
40
34
1 928
322
6
36
6
72
1 772
321
37
50
1 920
305
49
56
1784
280
45
53
2027
'251
47
60
2051
'248
55
56
1 916
255
57
59
2120
248
53
59
1940
237
44
45
972
1 031
1 047
1 062
1 073
1 080
1 124
1 138
1 126
1 064
1 049
1 043
1021
1031
1070
1.114
310
8
329
6
33
7
26
6
28
7
28
7
30
8
31
8
31
8
14 312
285
70
461
15623
'358
147
439
1 321
438
12
33
1 341
431
13
33
1349
280
12
24
1421
r
275
17
26
1446
281
15
27
1,288
257
23821
293
394
725
23 811
27
6
27
7
29
6
1 463
361
15
32
1425
358
14
34
1 310
381
6
11
6
36
104.2
2
962
991
1002
(5)
1265
1 188
996
1132
(5)
2367
137
31 0
920,040
252 780
910
71,700
12 180
61,620
14 400
901
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans, imports
(including shells)
thous. met. tons
2626
Coffee:
Imports, total
metric tons.. 1,194,360
From Brazil
do
235 680
81.6
U.S. Import Price Index t
1985-100 ..
Fish:
Stocks, cold storage, end of period
mil. Ib..
411
See footnotes at end of tables.
4
394
393
394
6
27
6
1 204
397
10
31
1 373
394
H
34
26
8
1 266
383
13
32
25
8
1 107
347
13
25
29
8
1 333
281
12
30
442
240
304
28 9
246
184
18 1
234
14 0
204
95
98,070
"24 616
77,714
20 282
82,072
24 413
895
83,874
31 128
77,223
12 053
71,164
14 530
865
99,368
18 678
119,698
19 526
117,088
20r>969
533
130,799
32 745
105,479
17 140
428
444
428
6
392
353
330
330
357
374
386
476
"417
SURVEY OF CURRENT BUSINESS
January 1990
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
.,
unus
1988
Annual
1989
T|
1987
1988
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:
Exports, raw and refined
metric tonsImports, raw and refined
thous. met. tons ..
Producer Price Indexes:
Raw (cane)
1982=100..
Refined
do
Tea, imports
metric tons
TOBACCO
Leaf:
Production (crop estimate) .
mil Ib
Stocks, dealers' and manufacturers',
end of period
do.
Exports, incl. scrap and stems
metric tons..
Imports, incl. scrap and stems
do....
Manufactured products:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
millionsTaxable
do....
Cigars (large), taxable
do....
Exports, cigarettes
do ....
560,592
1,157
110.3
1064
77390
Tl
1 189
877,365
1,213
4
111.9
108 9
90 143
4
1
16,816
90
615,552
134
110.2
1122
6792
112.0
1137
7 959
5
24,230
5
104
36,168
112
27,170
152
27,337
84
22,806
126
33,808
149
18,350
181
45,586
226
50,385
106
51,657
97
45,619
119
111.0
1158
5
6 610
111.9
1158
5966
112.3
1160
8290
112.3
1158
7 170
113.8
1169
7 193
115.4
1176
7 124
118.3
1196
7 394
118.3
1186
6790
119.0
121 1
7 070
117.8
120.6
7634
118.2
119.8
6964
117.2
121.5
6
1 370
4,480
193,178
222,197
4,020
216,481
196,429
20,886
12,218
4,020
20,588
5,248
111,199
577,008
2,676
100,246
132,953
543,378
2,430
118,499
15,585
56,264
200
10,214
12,158
39,548
189
11,146
25,916
14,603
25,393
11,507
3,825
22,177
12,411
10,947
46,915
164
5
8,661
11,702
41,936
164
2,187
11,419
51,723
209
1,731
5
5
19,356
19,382
9,502
44,351
174
9,129
1,414
10,684
18,418
3,637
17,729
11,553
18,025
15,234
32,072
13,351
11,668
26,757
158
772
'14,395
r
47,155
220
3,046
12,151
44,444
208
2,220
2,672
2,760
174.4
175.1
130.7
1186
112.5
14,701
16,202
3,514
11,696
11,032
6,990
20,427
12,800
52,858
241
1,248
13,027
51,549
246
1,701
LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather
Producer Price Index, leather
thous. sq. ft.. 194,152
1982 = 100 ..
140.9
215,358
4
167.5
15 835
166.0
22,519
164.9
230 046
235 141
21280
165 184
50281
14581
3 341
14713
162 507
55 181
17453
3410
18394
13 598
5879
1803
269
1 652
123.5
1140
108.4
166.6
169.4
170.2
168.2
166.7
168.0
171.4
171.5
172.3
174.0
17623
18070
18455
19 590
16606
18725
17 506
13 691
19 676
12324
3275
2 024
212
1 438
12428
4'752
885
253
(3)
(3)
(3)
(3)
5241
260
281
271
267
11 538
5256
712
266
9 183
3889
'619
240
124.6
1140
109.4
125.2
114 2
109.5
125.8
1149
110.0
126.0
114 9
110.0
125.1
1153
109.8
125.0
1148
109.9
125.0
1145
110.3
125.3
1153
109.3
3 773
'§29
2 944
4273
799
3 474
4420
891
3 529
3 677
671
3006
3754
752
3 002
LEATHER MANUFACTURES
Footwear:
Production, total <^
thous pairs
Shoes, sandals, and play shoes,
except athletic
thous pairs
Slippers
do
Athletic
do
Other footwear
do
Exports
do
Producer Price Indexes:
Men's leather upper, dress arid casual
1982=100..
Women's leather upper
do
Women's plastic upper
do....
111.4
1072
104.9
4
121.3
5
107.5
4
112
4
(3)
5783
(3)
4335
(3)
5 135
(3)
17405
18959
11735
12
696
r
4679
5863
991
1
117
r
305
342
12 510
5464
985
452
129.3
1180
109.1
130.6
118 1
110.0
130.9
1182
109.2
130.8
117 8
109.4
LUMBER AND PRODUCTS
LUMBER— ALL TYPES #
National Forest Products Association:
Production, total
..mil bd ft
Hardwoods
do
Softwoods ....
do
Shipments, total
do
Hardwoods
do
Softwoods
do
Stocks (gross), mill, end of
period total
do
Hardwoods
do
Softwoods
do
Exports, total sawmill products
do
Imports, total sawmill products
thous. m3..
2
49 395
2
11 160
2
2
49 576
2
11 446
2
38 235
2
49 761
2
11 460
2
38301
38 130
2
49 134
2
11 163
2
37 971
3715
'747
2968
3 656
716
2 940
3 641
690
2951
3 649
665
2 984
6 183
1412
4840
4 999
4 979
4 999
35,912
33,547
2,695
10,325
548
10 354
10445
790
1,614
326
1,288
10,031
636
10029
9943
876
2,202
342
1,860
694
548
782
757
908
184
33
151
125.1
135.7
138.7
2,190
5
3849
768
3 081
3 914
781
3 133
3 311
713
2 598
3417
743
2 674
3 758
687
3 071
3 877
826
3 051
3 846
'874
2 972
4025
864
3 161
4 163
937
3 226
4 896
4 818
4 837
4 810
4 740
4 746
4748
6,026
5,036
5868
5405
5432
5301
4205
6479
5 146
5766
5778
926
694
834
868
842
5
206
5
50
5
156
607
617
621
684
779
196
23
173
877
659
797
835
741
227
28
199
737
626
759
770
730
267
29
239
741
592
793
775
748
186
22
163
931
583
948
940
756
211
24
187
762
565
778
780
754
144
11
134
800
540
806
825
735
245
33
213
853
583
815
810
740
200
28
172
850
527
949
906
783
186
29
158
688
506
754
709
828
241
22
220
163.0
167.1
161.3
158.1
138.0
SOFTWOODS
Douglas fir:
Orders, new
mil. bd. ft..
Orders, unfilled, end of period
do....
Production
do
Shipments
do
Stocks (gross), mill, end of period
do....
Exports, total sawmill products
thous. m3..
Sawed timber
do
Boards, planks, scantlings, etc
do . . . .
Producer Price Index, Douglas fir, dressed
1982=100..
See footnotes at end of tables.
956
636
836
868
876
201
24
177
133.6
135.9
140.7
142.0
154.3
159.9
162.8
138.5
S-24
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
IT ..
Units
1987
January 1990
1989
1988
Annual
Nov.
1988
Jan.
Dec.
Feb.
Mar.
Aug.
July
June
May
Apr.
Nov.
Oct.
Sept.
Dec.
LUMBER AND PRODUCTS—Continued
SOFTWOODS— Continued
Southern pine:
Orders, new
mil. bd. ft..
Orders unfilled end of period
do
Shioments
d
Stocks (gross), mill and concentration yards,
end of period
mil bd ft
Exports, total sawmill products
cu. metersProducer Price Index, southern pine,
dressed
1982-100
Western pine:
Orders, new
mil. bd. ft..
Orders, unfilled, end of period
do....
Production
do
Shipments
do. .
Stocks (gross) mill end of period
do
Producer Price Index, other softwood,
dressed
1982-100 .
1
12,614 ' 12,597
834
837
' 12,473 11 12,676
12,600
'12,487
1,151
852
1,028
1,069
2,072
1,996
621,072 1,237,638
2,028
161,903
869
756
945
917
974
733
1,047
995
1,107.
775
1,064
1,064
1,236
797
1,123
1,213
1,176
775
1,153
1,199
942
715
982
1,002
2,062
2,036
2,072
171,664 * 108,674 109,939
2,113
109,762
2,114
124,827
2,025
92,824
1,984
68,080
1,962
86,351
913
834
971
933
1,067
756
1,067
1,099
86,923
126,304
58,860
136,776
114.1
112.4
108.5
109.5
110.0
109.7
107.9
106.1
104.5
108.8
113.1
107.2
105.5
112.1
105.4
11,427
524
11,407
11,354
1,365
11,426
537
11,395
11,413
1,347
853
485
927
887
1,363
994
537
926
942
1,347
1,027
627
926
937
1,336
754
533
815
848
1,303
1,035
591
993
977
1,319
847
542
884
896
1,307
904
546
915
900
1,322
1,058
581
1,023
1,023
1,322
888
558
934
911
1,345
984
541
1,017
1,001
1,361
938
533
915
946
1,330
999
535
1,042
997
1,375
854
515
869
874
1,370
119.0
120.1
117.3
116.5
118.4
122.2
124.5
128.5
131.7
131.2
130.6
130.0
127.3
127.1
124.4
11.0
173.8
8.7
8.9
193.0
10.9
10.2
14.9
11.3
8.9
15.3
10.9
9.6
16.1
10.6
12.2
14.5
12.0
15.0
16.8
9.8
15.1
17.5
10.5
15.6
18.9
11.0
12.8
14.6
8.9
11.9
19.1
9.8
10.6
19.0
8.8
10.7
16.8
7.8
355
1,126
403
1,260
303
1,101
461
1,233
364
754
618
1,054
1,531
2,017
105.8
125.9
HARDWOOD FLOORING
Oak:
Orders, unfilled, end of period
Shipments
... .
Stocks (gross), mill, end of period
mil. bd. ft..
do
do....
14.1
21.0
10.4
10.3
16.6
7.7
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh.
Scrap
Pig iron
.
.
,
Imports:
Steel mill products
Scrap .
Pig iron
tons ..
do
do
do
do
do
2,069
10 098
1,129
10367
71
50
1
243
806
1
257
1887
437
964
1
(3)
334
785
1
1
1
1
(3)
1,400
1,714
76
75
1,491
70
39
1,341
1,549
1,458
138
93
1,472
78
11
101
55
114
33
72
45
74
40
2275
4032
6563
4 634
2 182
4 092
6189
4724
2324
4360
6699
4736
2258
4 175
6557
4725
2297
4086
6,526
4572
2176
4019
6,216
4623
1,871
3 545
5^647
4456
r
3654
r
5,844
r
4427
2,099
3634
5,799
4,450
2,089
3999
6,058
4,635
113.90
116.07
112.52
112.20
113.09
111.67
107.33
104.86
102.62
99.58
1420
1784
124
74
77
16
129
18
24730
46 105
69615
4821
1 27 601
1 49 946
1
76 904
4 552
2294
4 085
6336
4828
2221
3743
6044
4552
85.76
108.98
109.17
107.28
91
36
251
988
(3)
2
1216
1 846
700
843
355
606
1,106
1336
20 891
1038
20414
237
768
(3)
(3)
72
23
Iron and Steel Scrap
Recei ts et
Consumption
H
do
Composite price, No. 1 heavy melting scrap:
American Metal Market *
$ per long tonOre
Iron ore (operations in all U.S. districts):
Shipments from mines....
do
Imports
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel
plants
Exports (domestic)
96.67
1 57 347
56 694
20126
4 705
4890
1 442
4 793
5658
1 811
5
4 890
5
2155
5
4 228
1158
1 384
4 841
1*817
1 249
4 426
5,418
1 599
5 325
6,243
2284
5 195
6,495
2176
5357
6,289
2,032
4876
6,220
1,921
4776
5^437
1,520
4703
5,735
59 534
'73 216
6 348
7 166
54 ig2
3 295
3 903
5996
7331
6850
7 178
7342
6699
6,642
6,176
61,048
6219
21 279
2297
16,565
2056
'71,863
5286
23 490
3296
18004
2 190
5696
5965
5
6,677
6,230
6,216
6,045
5,737
5,764
6,190
5,506
484
798
5981
6662
393
592
715
23 212
4 171
16886
2 155
23 490
3296
18,004
2 190
23 252
9099
12,749
1 404
22 685
12 123
9,991
21 145
11,131
9,310
21 670
10,213
10,396
1 061
21 544
8,949
11,002
1593
22286
8,008
12,239
2,039
22275
6,664
13,844
1,767
22588
6,004
14,780
1,804
21 429
4,976
14,933
1,520
15,546
1,795
814
1 128
112
119
745
59 047
4455
4611
4712
4874
4964
5203
4654
4882
5,112
5348
4,990
5063
4,917
5012
4,707
4792
4,604
4,392
4,172
4,491
r
305
4,403
4,546
4,692
4,433
247
8606
6 002
8514
5*717
701
500
605
412
682
448
623
437
714
452
696
485
743
542
649
468
512
396
639
475
r
579
r
426
627
463
318
168
364
192
23
10
28
14
28
13
25
13
30
14
24
11
27
12
25
11
16
7
26
13
25
12
26
11
47 566
47900
16867
do
do
At mines
At furnace yards
At U S docks
Manganese (manganese content),
r
do
do
do
1
814
6687
5
344
5
23 189
5
6
029
5
15,435
5
1725
2
3
571
606
704
605
780
(5)
Pig Iron and Iron Products
Pig iron:
Production (including production of
ferroalloys)
... .
thous sh tons
04. u
j r
• j
uo....
Castings, gray and ductile iron:
p
, a .
Castings, malleable iron:
Shipments total
For sale
See footnotes at end of tables.
o s s . <?nsdo
do
'48410
50 030
1
281
1
55
1
207
236
206
268
281
264
269
278
264
r
308
305
4,322
4,202
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-25
SURVEY OF CURRENT BUSINESS
January 1990
Annual
,.,.„
1989
1988
Unlts
1987
Nov.
1988
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
Aug.
July
Sept.
Nov.
Oct.
Dec.
METALS AND MANUFACTURES—Continued
Steel, Raw and Semifinished
Steel (raw):
Production .
thous sh tons
'89 151 ' 99 924
Rate of capability utilization
percent..
89.2
79.5
Steel castings:
Shipments, total . .
.
thous sh tons
1 013
830
For sale, total
do
997
797
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous. sh. tons.. 76,654 '83840
By product:
Semifinished products
do
'5456 '5975
Structural shapes (heavy),
steel piling
do .
5,120 '5209
Plates
do ..
4,048 '7,328
Rails and accessories
do
'615
515
Bars and tool steel, total
do
' 13 575 ' 14 489
Bars: Hot rolled (including
light shapes)
do
7,238 '7834
Bars: Reinforcing
do.... '4,918 '5,092
Bars: Cold finished
do ...
1,499
1,361
Pipe and tubing
do
4443
3570
Wire-drawn and/or rolled
do....
1,073
1,105
Tin mill products
do
4069
3988
Sheets and strip (including electrical),
total
do
39,279 40,639
Sheets: Hot rolled
do.... 13,048 12,589
Sheets- Cold rolled
do
13859 13871
By market (quarterly):
Service centers and distributors
do ... 1 18,629 18,980
Construction, incl. maintenance
do ....
6,014
5,619
Contractors' products
do....
2,815
2,701
Automotive
.. .
, do
'11 135 12078
Rail transportation
do
1 116
734
Machinery, industrial equip., tools
do....
2,537
2,096
Containers, packaging, ship,
materials
,
do
4423
4371
Other
do
'31,337 '36011
Producing steel mills, inventory, end of period:
Total
mil sh tons
131
113
Steel in process
do
79
67
Finished steel
do....
5.2
46
Steel service centers (warehouses), inventory,
64
end of period
mil sh tons
65
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous met tons
Recovery from scrap
do
Imports:
Metal and alloys, crude
do
Plates, sheets, bars, etc
do
Exports:
Metal and alloys, crude
do....
Plates, sheets, bars, etc
do
Price, U.S. market, 99.7% purity,
monthly average
$ per Ib
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.)
mil. Ib..
Mill products, total
..
do
Sheet and plate
do
Inventories, total (ingot, mill products, and
scrap), end of period.,
mil. Ib..
Copper:
Production:
Mine, recoverable copper
thous. met. tonsRefined from primary materials
do....
Electrolytically refined:
From domestic ores @
do....
From foreign ores
do....
Electrowon
do. .
Refined from scrap
do....
Imports, unmanufactured:
Refined, unrefined,
scrap (copper cont.)
do....
Refined
do .
Exports:
Refined and scrap
do....
Refined
do ....
Consumption, refined
(reported by mills, etc.)
do
Stocks, refined, end of period
do....
Price, avg. U.S. producer cathode, delivered §
$ per Ib..
See footnotes at end of tables.
3343
'1986
4
3944
'2122
1 250 14 1 030 6
'4103 * 388 5
7 883
85.8
7 954
83.8
8729
88.2
8022
89.8
8997
90.9
8738
92.2
8633
88.1
8 171
86.2
7 955
80.8
7790
79.2
7 617
^ 80.0
8 175
83.0
92
91
95
94
94
93
87
86
112
110
101
100
111
110
101
100
84
83
101
101
r
85
r
109
108
6712
6,738
7278
6832
7824
7164
7446
7331
6387
7224
6779
453
468
550
507
535
520
541
532
458
505
462
411
543
42
1 185
508
367
36
1 121
504
601
44
1326
451
570
49
1177
494
661
60
1294
470
629
53
1 205
474
623
59
1 236
459
645
51
1 168
392
601
46
1 109
433
661
39
1 263
457
585
32
1 206
664
404
111
291
83
321
593
418
105
302
67
489
736
443
142
302
87
288
626
421
125
280
86
278
689
461
137
362
97
356
667
407
125
322
97
323
678
425
127
354
95
363
614
427
121
370
95
372
561
442
101
324
80
328
632
508
118
388
83
366
625
466
110
333
76
346
660
465
115
345
80
345
71
324
3,384
1,042
1 129
3,360
1,099
1 072
3,577
1,025
1 217
3,433
1,087
1 137
3965
1,265
1 326
3544
1,090
1 192
3701
1,096
1 301
3638
1,083
1 270
3047
918
1 066
3485
1093
1 163
3282
997
1 104
3,551
1,182
1 120
3,306
1,106
1037
84
4,197
1,398
681
3046
270
601
4720
1,595
673
3235
'296
617
4817
1,749
740
3020
306
575
4,405
1,778
737
2492
'262
501
1 163
8944
1 016
9704
1 139
9635
1 139
9063
7,174
2
466
472
620
33
1247
428
593
35
1,544
2
631
2
250
2
939
2
76
2
13 1
79
52
131
78
53
130
77
53
134
79
55
133
78
55
13 2
78
54
136
80
56
133
79
54
13 3
78
r
55
133
80
5.3
66
65
66
67
68
69
70
71
72
70
70
67
332
163
344
156
346
167
312
157
347
182
334
174
347
176
335
177
346
161
341
159
153
327
160
'820
'285
'550
'269
3
99 4
S
786
244
833
31 6
924
309
755
304
739
320
71 8
273
91 9
330
836
236
'281.1
'2581
'400.1
'3425
'47.5
'240
'513
'31 5
3
348
a
207
418
358
402
43 1
33 3
357
341
604
446
374
46.2
35 1
520
41 6
46.1
34 5
7230
1 1009
1 0735
1 1000
1 0772
9958
9578
9638
9780
8766
8040
8137
7830
7976
15584
12,234
7379
2220
15453
12273
7 384
2325
1322
979
577
209
1 155
911
566
178
1 266
996
681
231
1 232
1 419
1 184
774
234
1 246
1 046
657
218
1 343
1 100
702
229
1 399
1 116
696
206
1 251
1 019
641
135
1 386
1103
691
196
1 314
1 014
628
193
1287
1023
4,175
4,151
4,119
4151
4,189
4163
4160
4246
4262
4275
4,474
4325
r
4,055
1,255.9 '1,419.6
1,146 1 ' 1 406 0
121.1
1233
1248
1239
1264
121 0
1207
114 1
138 8
1253
125 1
1154
127 1
1303
121 3
1253
1220
1200
1270
1280
1195
121 9
'988.1 ' 1 178 0
4,214
1023
1022
994
943
1024
923
1058
1022
97 0
1033
994
'1580
414.7
2280
' 453.3
21 0
87.5
21 7
402
21 6
374
198
408
229
470
23 1
40 1
245
41 7
23 1
428
230
379
247
432
225
438
657.3
5156
626.1
3904
59.4
392
440
202
3
408
3
327
330
248
250
187
359
209
359
24 1
326
259
282
209
534
244
454.8
17.9
707.7
66.5
56.1
4.0
545
4.5
3
325
3
6.2
410
4.8
413
5.9
566
135
24 2
43
465
66
71 1
21.4
67 4
15.8
'2152
113
'2210
98
190
81
177
98
188
97
173
101
183
103
178
101
196
106
195
100
158
105
195
96
194
90
.8250
12051
1.5232
16127
15777
1 4021
1 4849
1 4349
1 2715
1 1590
1 1349
1 2743
1 3844
562
435
104
323
2
164
361
3 209
131
79
52
630
220
1 107
2
2
615
197
7222
73.3
6,652
481
131
78
5.3
356
7 386
77.4
2
1,427
2
570
2
237
*864
2
72
2
154
2
347
2981
7581
7356
S-26
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
SURVEY OF CURRENT BUSINESS
1987
January 1990
1989
1988
Annual
....
Units
1988
Nov.
Jan.
Dec.
Feb.
Apr.
Mar.
May
June
July
Aug.
Sept.
Nov.
Oct.
Dec.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS— Continued
Copper-base mill and foundry products,
shipments (quarterly total):
Brass mill products
mil. lb..
2,624
Copper wire mill products
(copper content)
do
1,922
Brass and bronze foundry products
do ....
528
Lead:
Production:
r
Mine, recoverable lead
thous. met. tons..
311.4
Recovered from scrap (lead cont )
do
17102
Imports, ore (lead content)
do
2403
Consumption, total
do
12304
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. met. tons..
59.2
Refiners' (primary), refined and antimonial
(lead content).....
thous. met. tons..
21.6
Consumers' (lead content) A
do
88 6
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. met. tons..
240
Price, common grade, delivered @@
$ per lb..
.3594
Tin:
Imports (for consumption):
Ore (tin content)
metric tons ..
2967
Metal, unwrought, unalloyed
do....
41,151
1
Recovery from scrap total (tin cont )
do
16 159
As metal
do
'1353
1
44 219
Consumption, total
do
1
Primary
do
35 620
Exports (metal)
do
1 701
Stocks, pig (industrial), end of
period
do
4428
Price Straits quality (delivered)
$ per lb
4 1878
Zinc:
'2163
Mine prod , recoverable zinc .. thous met tons
Imports:
425 5
Ores (zinc content)
do
Metal (slab blocks)
do
7059
Consumption (recoverable zinc content):
i2 5
Ores
do
J
Scrap all types
do
269 3
Slab zinc:
Production, total $
thous. met. tons ..
2205
1 i 052 0
Consumption fabricators
do
11
Exports
do
Stocks, end of period:
Producers', at smelter (ABMS)
do70
Consumers'
do
57 1
Price, high grade
$ per lb
4192
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
Electric processing heating equipment
do....
Fuel-fired processing heating equip
do
Materials handling equipment, dollar value
bookings index *
1982 — 100
Industrial supplies, machinery, and equipment:
New orders index seas adjusted
1977 — 100
Industrial suppliers distribution:
Sales index, seas adjusted .. . 1977 — 100
Inflation index, not seas. adj. (tools, material
handling equip., valves, fittings, abrasives,
fasteners, metal products, etc.)
1977 = 100..
Fluid power products shipments indexes:
Hydraulic products
1985 — 100
Pneumatic products
do
Machine tools:
Metal cutting type tools:
Orders, new (net) total
mil $
Domestic
do ...
Shipments, total
do
Domestic
do
Order backlog end of period
do
Metal forming type tools:
Orders new (net) total
do
Domestic
do
Shipments, total
do ...
Domestic
do
Order backlog, end of period
do...
See footnotes at end of tables.
1
1
33.3
62 1
17 2
1047
34.3
644
93
1059
1140
54.9
63.6
67.3
73.2
77.8
73.7
83iO
37.5
683
29.7
66 5
29.0
650
31.4
659
27.9
63 6
27.5
r
637
18.8
623
173
.3507
153
.3502
132
.3634
143
.3915
160
.4029
173
.4175
180
.4363
185
.4363
2,839
686
2,610
650
2,833
526
4,018
642
2,734
r
594
4,500
3400
47
2,372
621
47
4100
3 100
98
4000
2900
25
4200
3 200
71
r
4 100
r
4,200
3 100
5333
47714
57.8
39.1
72 1
66.9
60.1
119
607
154
67 6
260
684
199
.3714
196
.4138
199
.4202
177
.4017
168
.3701
2,837
43,493
15J 088
578
1
45 073
1
37 008
1 573
4,328
703
96
4900
3 800
94
4 943
44142
4781
4 5767
1
38.6
659
113
1027
55.2
68.7
154
r
898
1
33.2
61 6
90
952
33.0
68 1
66.9
r
4900
3 800
45
3,614
598
11
4800
3700
3
62
149
2114
649
47
4700
3700
162
4300
3 300
204
2,490
627
47
4,500
3400
41
4 943
4 6029
4 242
4 6435
3 894
49165
4320
54309
3717
64213
4945
62118
4912
60796
5597
56910
5872
5 1789
r
6241
49357
222
208
229
224
234
243
208
253
231
3
3
747
11
526
22
609
15
581
31
621
84
705
9
460
48
581
130
3,695
561
(3)
3
3 000
94
'2443
199
193
4057
7408
323
642
27 9
474
24
'253 9
2
220
2
220
2
220
2
220
2
220
2
220
2
20 6
2
206
2
206
2
206
2
206
147
88 1
17 8
900
3
2
163
81 4
~2
176
960
3
168
81 6
4
177
97 0
1
161
82 1
9
16.2
76 1
6
18.6
101 2
12
16.8
950
50
50 5
7927
40
54 2
8770
50 4
9371
38
48 3
8852
41
48 8
8464
36
502
8059
3.9
51 8
7967
4.8
481
8132
3.8
469
8108
1944
1 089 0
5
56
64 8
6020
176
87 2
(2)
(2)
54
488
7125
56
648
7344
3
35.1
735
36.1
663
104
1016
33.2
641
65
992
31.8
597
19 1
95 1
3
33.8
653
98
1013
344
67 5
73
1012
31.0
586
86
983
311
61 6
235
1034
385.0
737 0
256 6
12307
J
78.6
73.5
16.2
17.4
563
17.8
4.0
3.3
4.7
7995
99 5
24.8
30.0
1100
25.6
413
368 3
54.9
171 1
3902
627
1655
207 1
2134
237 8
2526
181 8
1609
221 0
171 5
169 8
180 5
1287
1382
1427
146 5
156 6
159 0
156 4
153 0
147 3
1420
141 3
1471
1579
164.3
160.0
149 1
1640
1667
167 6
177 2
1757
175 6
1963
193 1
1832
1755
197.5
192.8
175.0
189.8
171.6
166.6
172.2
174.8
176.0
177.6
178.3
179.5
180.1
181.0
182.1
182.8
183.1
184.3
184.9
185.8
184.5
151
129
150
148
148
144
130
123
147
141
140
126
145
134
148
129
134
114
15885
14790
123.05
138.10
23570
15840
199.95
145.40
1 884 8 18080
133.20
112.00
17560
155.45
1,765 6
156.25
120.70
169.90
147.20
1,751.9
192.45
174.50
228.50
188.75
1,715.8
144.90
135.70
183.55
161.95
1,677.2
128.90
108.15
228.60
201.10
1,577.5
158.80
135.45
313.25
260.80
1,423.0
81 85
7285
91.85
70 10
369.6
5755
43.35
62.10
5055
365.0
70.85
70.45
55.90
4975
380.0
110.15
105.00
53.50
4445
436.6
60.10
47.05
68.00
58.80
428.8
55.50
40.05
85.10
64.15
399.2
50.95
43.90
71.20
60.10
378.9
107
105
1 451 45
1,294.45
1 676 50
1,498 85
6722
667 35
53605
647.15
537 90
327.3
129
120
104 7
146
46 2
125
118
107 2
241
37 8
140
130
141
128
167 00
24640
18835
2 707 90
231575
14540
191 50
16460
209 35
1 574 55 17080
10285
8950
18640
1 400 10 15670
1 8055 1 768 5 1 805 5 1 8697
21495
19130
151 25
13390
1 9334
63 85
5660
49.35
4220
400.2
67 00
57 05
77.55
6640
389.6
882 95
74935
824.55
70220
385.7
90 65
6625
86.75
80 15
398.8
132
114
70 05
6020
83.20
6430
385.7
158
150
15280
220 60
138.50
200 20
18405
227 45
168.35
20725
1 926 6 1 8953
69 90
5820
79.20
67 00
380.4
8975
7640
65.50
58 80
404.6
5735
4985
82.35
74 10
379.6
S-27
SURVEY OF CURRENT BUSINESS
January 1990
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
Annual
¥T .,
Umts
1987
1989
1988
1988
Nov.
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
Sept.
Aug.
July
Oct.
Dec.
Nov.
METALS AND MANUFACTURES—Continued
MACHINERY AND
EQUIPMENT— Continued
Tractors used in construction, shipments, qtrly:
Tracklaying (ex. shovel loaders)
units..
mil. $ ..
Wheel (contractors' off-highway)
units . .
mil $ .
Shovel loaders.
...
units
mil. $ ..
ELECTRICAL EQUIPMENT
Batteries (auto.-type replacement),
shipments
Radio sets, production, total market $%
Television sets (incl. combination models),
production total market $$
Household major appliances, industry
shipments #
Air conditioners (room)
Dishwashers
Disposers (food waste)
Microwave ovens/ranges
Ranges
Refrigerators
Freezers
Washers
Dryers, including gas
Vacuum cleaners (qtrly.)
thous
thous ..
9,570
975.9
4,701
3713
60468
1,777.7
12,117
1,167 1
5,110
416 1
61 938
2,092.1
59878
28,110
63487
23,623
3
thous
23 497
thous
do
do
do
do
do. ..
..do ....
do
do....
do
do....
49981
3798
4032
4 439
12610
3346
6,972
1 260
5,998
4637
10,417
GAS EQUIPMENT (RESIDENTIAL)
Furnaces, warm air, shipments
thous
Ranges, total, shipments
do
Water heaters (storage), automatic,
shipments
do....
3,323
2779
1,172
956
14 544
525.8
6041
2,834
20 170
5
47
070
3
4637
3907
4233
10988
3
3 202
3
7,227
3
1 349
3
6,190
4601
10,652
2073
2 143
2092
2227
3,951
3,956
r
6245
1,940
3,075
337.3
1,260
1038
16376
602.0
2,863
3060
1,165
927
15303
562.1
4 674
1,688
4203
1,518
4754
1,752
4 172
1,927
4 656
1,985
6357
2,454
6295
2,712
4827
2,169
4982
2,140
6685
2,578
6 114
2,567
3,834
97
338
426
958
275
614
95
582
432
3,719
101
328
369
1036
291
546
84
535
398
3,502
275
301
299
940
242
494
90
474
361
215
194
1 838
2329
1 649
1 846
2254
2018
1 994
2431
1 461
2071
2 520
3932
126
355
381
1224
287
537
99
508
401
3679
215
318
343
1 161
262
467
94
440
363
2550
3947
352
326
391
1054
245
466
93
553
436
3916
546
293
380
963
225
460
94
510
394
4444
846
324
414
906
273
564
90
539
385
2952
3868
718
275
335
824
226
536
93
457
323
4326
748
292
336
907
263
686
111
533
374
4389
718
324
331
788
263
785
116
572
389
2,545
3505
365
257
285
761
218
660
129
437
305
3832
148
319
363
956
276
687
144
524
377
3,971
170
303
434
1075
258
627
123
545
410
3,224
223
209
177
197
178
158
148
156
135
194
132
163
142
182
168
185
186
149
216
191
r
246
181
251
200
307
383
337
328
375
354
324
345
303
295
'309
397
280
82
103.0
256
110
103.0
197
55
103.1
r
311
14
103.2
r
299
72
103.2
373
58
103.5
339
85
104.3
1046
78,544
82,486
68 113 73233
58 261 63 548
9442
9 575
3'364
3,521
243
276
154 461 152 393
144 417 142404
9990
10045
3 350
3 404
8 648
8 701
94.8
94.5
'66,269
85,043
72,554
r
1
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production |
thous. sh. tonsExports
thous. met. tons ..
Producer Price Index
1982=100..
Bituminous and lignite:
Production t
thous. sh. tonsConsumption, total t
•
do
Electric power utilities
do....
Industrial, total
do
Coke plants (oven and beehive)
do....
Residential and commercial
do..
Stocks, end of period, total t do
Electric power utilities
do
Industrial, total
do .
Oven-coke plants
.
do
Exports excluding lignite
thous met tons
Producer Price Index
1982=100 ..
3,560
1,071
100.1
3,555
817
101.2
310
50
102.3
260
87
103.2
915,202
834 337
716 922
111 696
36,920
5719
178 485
163 857
14628
3 879
70438
97.1
946,711
880 242
756 459
117 730
41,866
6054
151 446
139 583
11863
3 125
85282
'95.3
82,973
69 742
59 192
10076
3,399
474
154 919
143 190
11 729
3 039
7 476
94.6
80,324
77792
66775
10 255
3,564
762
151 446
139 583
11 863
3 125
8089
94.6
28,037
37380
32,405
39 811
3 347
8251
3462
1 657
131
1583
1 420
163
1 558
167
1
281
2
59
103.3
282
11
103.3
337
50
103.5
273
70
103.1
81,969
75,040
77 101 73 012
62 538
66 355
9 874
10 199
3,562
3,290
547
599
146 462 141 366
135 168 130 641
11 294
10724
3 254
3 382
2
5 659
6 106
94.1
93.5
88,981
72550
61 830
10 277
3/716
443
142 600
132 444
10 155
3 511
7 542
93.5
77,233
65957
55837
9 701
3^609
419
148 228
138 130
10097
3 457
8 186
94.1
2931
8006
3 201
3200
1 669
30
1167
1 052
115
1 655
76
r
r
84,618
87,657
69609
70237
62808
60454
128 800
127 794
129 189
135 854
5577
96.1
7351
96.5
8 691
96.4
8370
96.9
90,824
8776
97.4
291
96.8
COKE
Production:
Beehive and oven (byproduct)
Petroleum coke §
;
Stocks, end of period:
Oven-coke plants, total
At furnace plants
At merchant plants
Petroleum coke tt
Exports...
thous. sh. tons ..
do
do....
do
do...
do
thous met tons
PETROLEUM AND PRODUCTS
Crude petroleum:
Producer Price Index
1982 = 100 ..
Gross input to crude oil distillation
units ft
mil bbl
Refinery operating ratio ff
% of capacity..
All oils, supply, demand, and stocks: tt
New supply, total <>
mil. bbl ..
Production:
Crude petroleum
do
Natural gas plant liquids
do...
Imports:
Crude and unfinished oils
do...
Refined products
do....
Change in stocks, all oils
do...
Product demand, total
do
Exports:
Crude petroleum
do...
Refined products
do...
See footnotes at end of tables.
1,064
846
218
1 350
590
1,583
1 420
163
1 558
1 Oil
55.5
3 505
1 588
2
52
1 931
60
3 337
8194
3406
3 509
3447
3 255
3239
2 086
115
1264
1 136
129
1 813
115
1 756
100
1 642
63
1 724
51
1 736
196
r
53.5
56.3
57.6
434 7
89
416 7
88
419 5
86
540.0
546.5
511.5
534.2
231 7
506
2353
48 4
2269
463
231 3
47 5
189 3
463
147
550 5
2040
537
402
532 6
2148
480
64
5663
1955
429
152
5187
2040
514
62
5549
73
21 5
21
21 7
50
249
10
187
19
226
M6.2
39.2
44.3
49.7
50.3
53.9
58.9
59.5
58.3
59.9
4 746 1 4 921 6
83
84
400 6
84
420 2
85
418 8
86
364 3
83
407 9
84
393 9
84
420 4
86
421 6
90
432 6
89
6,089.6
6,301.7
523.8
538.4
547.7
486.4
517.6
524.8
532.0
512.1
30474
6056
2979 1
6142
2407
51 8
2462
527
2453
53 5
219 2
459
235 9
527
232 4
51 5
242 0
51 9
2298
466
18373
599.4
149
63608
20216
686.8
102
66234
167 2
641
g
5500
1723
672
340
600 5
1828
661
199
5568
161 1
602
17 9
521 7
1657
639
32 1
581 6
1867
54 2
265
521 0
188 5
497
265
535 2
550
223.0
567
2410
44
170
40
272
42
190
58
18 5
48
21 6
42
200
41
20 1
65
57.7
59.8
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
TT ..
1987
January 1990
1989
1988
Annual
Nov.
1988
Jan.
Dec.
Apr.
Mar.
Feb.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS t— Continued
All oils, supply, demand, and stocks—Continued
om s i pro
eman , a w m i ' j
T£
' '"
Distillate fuel oil
Residual fuel oil
q
' d
1548
5501
1562
5207
1580
5305
163.0
5438
160.3
5447
157.5
5840
155.7
582.5
158.8
598.6
162.4
586.6
25062
1911
25552
192.0
2124
185.8
227 2
192.0
2156
207.8
1867
205.7
2057
191.1
2052
190.6
2158
185.8
2196
180.4
2289
192.2
222.9
184.2
212.9
188.0
213.1
185.9
0, ",
"
,
"n"
• "j
o,
i
j
f
55.1
55.3
57.4
60.6
74.5
80.1
78.0
74.7
64.7
67.1
67.3
63.6
61.5
.904
949
.885
.930
.876
.918
.886
.926
.907
.940
1.047
1.065
1.098
1.119
1.093
1.114
1.075
1.092
1.034
1.057
1.007
1.029
1.001
1.027
.975
.999
.961
.980
91
23
93
2i
6
19
g
2l
6
20
6
22
7
21
Q
18
9
18
9
20
9
20
1.0
1.8
1.0
1.9
.9
2.2
288
73
30
81
31
73
34
73
20
59
24
5.7
2.0
5.8
1.4
5.7
2.1
5.8
1.7
6.0
1.7
6.5
2.4
7.6
2.3
7.5
64.0
64.6
54.1
2
51.6
48.4
50.4
54.6
54.3
55.7
58.3
58.3
55.4
54.7
55.5
58.1
60.9
1 046 3
110 4
123 5
873
98
1288
95 1
127
1235
922
102
1203
784
90
107 5
84 1
136
966
836
90
984
852
90
993
843
7.0
99.4
882
10.4
115.4
90.1
7.9
116.1
88.5
7.3
122.2
90.1
7.9
121.4
1982-100
55.5
49.5
47.2
50.6
54.9
54.0
57.3
61.5
57.5
53.3
52.7
r
53.5
59.3
64.0
64.4
68.1
mil bbl
3232
206 1
47 4
53.1
3387
2359
44 6
2
41.1
27 5
23 5
44 0
36.5
33 1
302
44 6
40.0
294
272
47 0
42.1
260
242
460
43.7
290
218
424
43.5
271
20.4
402
47.3
289
16.3
426
49.4
28.5
15.4
448
51.2
26.6
16.9
430
49.4
27.9
14.8
44.5
r
48.1
25.6
12.6
49.5
46.8
31.0
17.8
51.4
48.2
49.2
52.0
490 1
49 9
501 3
43 8
40 1
46 1
458
43 8
466
44 5
394
43 7
433
44 0
38.1
44 2
38.7
454
40.5
446
43.7
474
44.6
483
43.3
486
46.6
50.4
60 9
13 3
62 3
13 3
50
125
50
133
54
14 3
46
145
52
13 9
46
135
53
132
50
130
56
14.3
5.3
14.5
4.8
14.2
4.4
13.2
do ...
do...
158.4
18.8
162.1
20.8
11.0
18.7
8.5
20.8
8.4
25.6
8.2
29.1
10.2
32.6
10.5
33.1
14.0
32.4
15.5
30.6
17.7
27.9
18.3
21.8
18.2
21.9
14.7
17.8
do...
638.2
665.2
55.0
56.1
58.2
50.2
58.9
58.5
60.3
54.7
57.6
55.4
52.0
52.0
do
do
do...
474 5
163 7
97.1
482 6
182 6
97.3
40 9
14 1
113.5
41 5
14 7
97.3
41 8
163
87.0
36 4
139
77.5
41 6
17 3
75.0
406
17 9
83.8
404
199
97.2
356
191
105.2
380
19.6
117.7
36.7
18.7
126.2
35.0
17.0
126.4
36.3
15.7
118.8
j
""
j
Lubricants:
St ck
d f oe ' d
Asphalt:
Production
Stocks, end of period
Liquefied petroleum gases:
Production, total
At gas processing plants
(L P G )
At refineries (L R G )
Stocks (at plants and refineries)
59.6
.900
946
996 6
93 2
134 5
1982—100.,
• j
T
58.2
287
84
d
d
Producer Price Index
Jet fuel:
2
.897
948
595
1982-100..
l o t
St cks nd of De ' d
5305
225.6
2.8
96.0
39.5
46.0
5.1
19.8
52.6
1,663.4
914.4
578.3
151 8
5729
do
Producer Price Index (middle
distillate)
Residual fuel oil:
Production
4990
217.6
13
87.2
29.1
44.8
4.7
19.5
46.9
1,669.6
912.2
577.1
1458
5616
d
Stocks end of period
Producer Price Index (light
distillate)
Distillate fuel oil:
536 5
240.2
13
921
34.2
45.8
4.9
24.9
44.4
1,654.4
916.2
5754
1583
577 3
Stocks, end of period
....
do
Prices, regular grade (excl. aviation):
Producer Price Index
..
1982—100
Retail, U.S. city average (BLS):
Leaded
$ per gal..
Unleaded
do
Aviation gasoline:
St ck
d f
Kerosene:
5087
227.7
15
803
39.9
441
4.0
21.4
418
1,647.9
906.4
5744
1458
561 6
g
R f 'd o d ct
Refined petroleum products:
Gasoline (incl. aviation):
521 7
234.9
20
899
35.5
44 6
5.0
18.6
425
16077
902.8
571 7
1383
579 5
g
Crude oetroleum '
St t s'c t 1
Unfinished oils, natural gaso-
511 1
2307
16
91 7
34.2
412
57
15.5
420
16224
9157
5704
d
do
do
P
4968
2154
20
892
42.6
412
46
10.8
452
15959
907.4
5680
do
H
""
do
do
Lubricants
Asphalt
555 1
497 4
533 6
528 6
569 3
6 325 7
2308
2094
199 1
2220
26948
2283
26
44
48
36
35
35 2
1063
1022
955
1104
955
1 142 5
47.6
49.5
47.1
54.4
451
5043
428
458
46 2
47 8
43 2
5302
57
43
43
36
48
56 6
7.1
4.3
7.0
5.6
12.1
171.2
562
57 1
636
623
535
606 1
1 597 2 1 631 3 1 597 2 1 619 5 1 601 6 1 5695
8925
8948
8966
8899
8957
8899
5662
5639
561 5
559 5
558 7
559 5
6 082 7
2639 1
34 5
1 0864
4615
5055
587
170.3
5883
1 607 5
889 6
540 6
J
d
2
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD
Receipts
thous. cords (128 cu.ft.) ..
Consumption
do ....
Inventories, end of period
do....
WASTE PAPER
Consumption
thous. sh. tons ..
Inventories, end of period
do....
1
94,312 '95,537
' 93,946 '95,497
4,888
5,096
7,889
7,887
4,790
8,370
8,198
4,888
8,440
8,358
4,861
7,748
7,837
4,701
8,035
8,169
4,490
7,858
8,040
4,402
8,005
8,112
4,320
8,358
8,348
4,343
8,476
8,548
4,191
8,946
8,498
4,415
8,491
8,167
4,891
'17,993 '18,860
1,029
902
1,565
1,058
1,526
1,029
1,572
1,008
1,498
988
1,615
1,012
1,555
1,024
1,624
1,024
1,591
1,037
1,579
1,007
1,649
1,053
1,590
1,028
1
59,552 '61,161
1,367
1,312
48,293 49,493
4,974
112
4,007
5,282
127
4,303
5,466
127
4,423
4,821
102
3,935
5,307
142
4,286
5,193
106
4,209
5,087
109
4,125
5,102
102
4,167
5,399
144
4,377
'5,301
108
4,322
5,070
135
4,069
511
359
505
361
193
353
591
484
74
410
428
19
409
205
364
590
497
55
442
389
19
371
WOODPULP
Production:
Total
Paper grades chemical pulp
Groundwood and thermomechanical
Semi-chemical
Inventories, end of period:
Producers' own use
Consumers' purchased
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 ....
5,702
4,246
5,943
4,358
489
365
484
367
520
397
438
346
502
378
512
366
497
356
480
353
510
368
do....
170
224
529
' 4,727
627
1
4,100
1
4,531
87
'4,444
172
261
622
'5,160
786
'4,374
'4,505
124
'4,381
170
301
591
381
66
315
386
15
371
172
261
622
519
81
438
285
16
269
178
344
596
S
415
3
50
3
365
'517
3
23
3
494
178
354
608
460
63
397
358
14
345
179
279
592
565
78
487
425
21
404
190
306
596
476
61
415
380
17
363
162
305
628
457
59
398
382
9
373
164
300
588
510
72
438
354
6
348
191
320
573
490
56
434
325
7
318
do....
thous met tons
do....
do
do...
do...
do
r
455
61
395
401
7
r
394
314
48
266
352
5
347
iZZ'Z
S-29
SURVEY OF CURRENT BUSINESS
January 1990
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
1988
Annual
,,n ls
.,
1987
1988
No,.
1989
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Dec.
Nov.
Oct.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS
Paper and board:
Production (API):
1
Total
thous sh tons
6222
74 318 1 76 403
Paper
do
38298
3 165
36876
Paperboard
do
3056
38 105
37 442
Producer Price Indexes:
Paperboard
..
1982—100
1332
1365
118 1
Building paper and board
do....
113.3
112.7
111.2
Selected types of paper (API):
Groundwood paper:
1 1 542
Orders new
thous sh tons
113
"I 654
Orders unfilled end of period
do
208
145
'l66
:
1 i 493
Shipments . . .
do
1 624
130
Coated papers:
1
Orders new
do
575
1 066 • 7 7412
Orders, unfilled end of period
do
708
729
751
Shipments..
do
7 359
6860
606
Uncoated free sheet:
1
1
Orders, new
do ..
880
11 298
11 173
1 11 206 1 11 494
Shipments
do
943
Unbleached kraft papers:
Shipments
thous. sh. tons.
254
'2800
'2840
Tissue paper, production
do...
445
'5476
'5301
Newsprint:
Canada:
Production
thous metric tons
837
9969
9669
Shipments from mills
do
9?867
845
9757
Inventory, end of period
do....
356
291
189
United States:
Production
do
448
5427
5300
Shipments from mills
do
456
5415
5310
Inventory, end of period ..
do
36
59
48
Estimated consumption, all
users 0
do ....
1,094
12,322
12,336
Publishers' stocks, end of period #
thous. metric tons .
898
932
900
Imports
do
8 142
641
7794
Producer Price Index,
standard newsprint
1982—100
127 5
1123
1276
Paper products:
Shipping containers, corrugated and solid
fiber shipments
mil. sq. ft. surf, area.. 297,827 307,457 r25,047
6296
3 140
3 155
6582
3297
3 285
5985
2989
2996
6638
3 348
3290
6 191
3042
3 150
6424
3 157
3 266
6326
3 104
3222
r
6326
r
3067
3259
6613
3302
3311
r
6267
r
3,168
r
3 100
6605
3,369
3236
1365
113.3
1377
112.9
1387
113.8
1404
114.2
1423
115.1
1425
115.5
141 0
115.8
1395
116.4
1400
116.2
1403
116.7
140.0
117.3
177
140
127
163
134
154
168
r
219
177
r
238
149
151
186
151
199
139
191
148
505
647
544
613
698
580
636
737
580
1015
1 021
870
923
864
955
916
902
868
867
1031
264
503
199
451
206
474
229
469
212
458
777
731
806
814
814
785
838
851
780
821
425
418
446
434
412
449
458
452
474
452
73
472
74
462
462
73
988
955
829
600
843
537
848
714
824
618
1220
1213
1207
26,734
26,391
24,550
8786
8667
8748
65 10
8621
6378
1060
r
8270
r
179 59
165 41
30367
51.30
178 65
167 88
r
308 66
43.71
182
148
180
133
204
147
178
149
570
751
573
588
678
633
561
696
550
599
701
604
989
948
931
976
884
912
258
450
272
466
235
437
809
874
850
763
291
378
464
460
404
437
71
412
64
963
934
936
782
925
569
889
673
850
612
838
673
1266
1265
1260
1266
1265
1232
23,467
26,444
24,086
26,755
26,367
208
125
475
48
1,037
933
489
3
r
469
462
70
1,052
442
78
1,044
1,057
:
r
650
824
572
r
151
672
884
653
633
658
r
875
r
849
651
610
r
963
1,011
901
983
227
484
210
473
239
489
814
775
837
811
760
830
847
853
787
816
451
477
407
401
372
477
478
468
66
481
53
1,108
1,103
968
469
470
66
469
67
1,034
1,002
139.6
117.0
212
167
152
153
139.7
117.0
r
r
667
763
628
1201
118.8
118.6
27,709
25,354
28,961
25,183
r
7222
r
r
7325
r
6416
87.74
71.59
79.68
793
117.8
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. metric tons
77582
85828
Stocks, end of period
do
7246
61 74
Imports, incl. latex and guayule
do....
757 60
85382
U.S. Import Price Index t
1985-100
1157
1477
Synthetic rubber:
Production
thous metric tons
2 184 12 2 334 72
2 017 31 2?01685
Consumption
do
Stocks, end of period
do
22972
27928
Exports (Bu. of Census)
do....
429.40
459.98
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment
Replacement equipment
Exports
Stocks, end of period
Exports (Bu. of Census)
Inner tubes:
Exports (Bu. of Census)
See footnotes at end of tables.
thous
do
do
do
do
do
do
do...
1
202 978 ^211 351
255 220 264 811
60758
62 932
186 406 189 212
8 056
12 666
34338
33 191
9 580
16 149
1518
1712
7522
61 74
7473
1327
8988
71 11
3
9931
204 32
182 76
26069
36.25
189 86
151 42
279 28
32.12
206 31
191 73
28886
3
42.40
181 77
172 98
287 74
45.66
17 253
22 622
5 529
16 103
16 102
20 635
4 934
14708
18 944
21 466
5 485
14 576
1 405
35 186
3
1 903
19 670
18 102
19 613 22 166
5 569
5348
12886
15 008
1 377
1 588
40 552
37 884
1 373 1 692
7539
5843
7743
989
993
33 191
33 434
1 314
1 322
144
132
3
243
51 14
67 51
5216
122
9657
7737
9909
135 1
206 20
189 42
294 40
54.98
126
6838
82 18
7455
8616
7786
998
207 17
194 68
29960
41.27
189 07
170 69
30042
54.39
19224
22 375
5 770
15 221
1 384
42 791
1 634
14835
18312
19090
19927
24 558
23 022
3 174
5 130
5 806
15*554
18 198
15896
1 198
1 231
1 320
42 596
42 695
43 580
1 602
1 343 1 295
143
201
137
8332
70.42
8806
67.05
133
18621
172 60
r
314 14
48.21
18288
23955
4969
17488
1 497
41 902
2 112
181
100.3
18706
15659
323 34
54.54
190 11
16634
33012
54.64
43.59
16963
23 151
4947
16913
1 291
39 852
1566
18400
23335
4910
17003
1 422
39 156
1,790
1,412
r
121
136
96
S-30
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
SURVEY OF CURRENT BUSINESS
Annual
..
January 1990
1988
1989
TT
LJnits
1987
1988
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous. bbl..
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick ..
Structural tile, except facing
thous. sh. tons..
Sewer pipe and fittings, vitrified
do
Floor and wall tile and accessories, glazed
and unglazed
mi. sq. ft..
Producer Price Index, brick and structural
clay tile
12/84 — 100
1
481,160 '477,958
39,750
32,505
27,176
23,133
33,782
39,261
44,585
47,085
43,782
51,782
7,600.5
(2)
316.9
7,807.8
58.1
•316.3
617.3
4.7
22.2
516.0
4.7
15.6
500.4
4.7
18.4
429.9
4.7
14.3
554.8
(2)
21.4
569.2
636.6
(2)
25.8
625.9
(2)
24.4
587.4
(2)
24.8
(2)
22.4
690.2
(2)
21.4
478.9
488.2
40.5
40.0
39.3
42.4
46.6
41.5
46.2
46.9
38.8
48.8
108.2
110.9
111.2
111.2
111.6
111.6
112.0
111.9
111.6
111.7
111.8
111.8
25,175
26,442
24,311
23,425
25,837
26,010
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
thous. $.. 1,457,587 1,484,949
Glass containers:
Production f
thous.
gross.. 285,030 284,473
;
281,636 280,439
Shipments, total t
do
Narrow-neck containers:
22,100
27,252
Food t
do
Beverage .
do
63,551
62,434
Beer
do
86,285
85,357
26,491
28,382
Liquor and wine "f
do
Wide-mouth containers:
Food and dairy products
do....
66,675
62,673
Narrow-neck and wide-mouth containers:
Medicinal and toilet
do
13,980
14,167
Chemical, household, and industrial
do
1,357
1,371
42,296
41,926
Stocks, end of period t
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, total
(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
/i6 mobile home board
do
Water /moisture resistant board
do ....
1
15,612
1
17,592
9,717
1
6,324
1
418,513
383,612
593.0
634.5
(2)
19.4
(2)
22.8
r
42.6
44.5
111.7
111.8
112.1
21,837
22,101
25,258
23,363
20,960
20,678
386,300
403 583
r
21,507
20,860
17,458
20,189
22,237
21,944
22,352
20,936
25,482
24,178
1,279
4,410
6,602
1,799
1,133
4,531
6,403
1,719
1,605
4,528
7,390
1,959
1,668
4,304
6,767
1,883
1,852
5,201
7,767
2,113
1,939
6,114
7,940
2,154
2,334
6,250
8,018
2,391
2,342
6,499
8,279
2,599
2,025
6,040
7,775
2,198
2,394
6,228
7,971
'2,222
r
2,066
r
5,061
r
1,767
5,242
7,029
2,187
1,337
4,727
6,460
1,960
5,372
4,908
5,635
5,402
6,351
5,810
5,621
5,885
4,779
6,390
r
6,272
5,480
702
777
649
r71
43,820
89
44,590
65
45,027
981
5,806
23,837 ' 25,784
25,561
24,831
1,240
1,343
727
796
768
752
878
755
555
719
158
44,840
152
42,296
100
42,807
116
44,078
126
49,628
122
44,423
79
44,862
83
43,866
53
44,409
86
44,186
' 16,390
'17,274
'9,679
1,279
1,385
915
1,460
1,330
875
1,090
1,400
1,160
1,300
1,130
1,570
758
1,100
1,450
915
1,110
1,320
913
1,210
1,430
778
1,310
1,40.0
'5,375
460
564
380
418
413
431
433
281
29
1,644
2
39
18
1,010
460
9
51
55
31
1,874
2
42
22
1,134
542
10
62
61
(2)
1,698
2
43
22
997
500
9
67
58
(2)
1,744
1
47
24
1,036
507
10
62
58
(2)
1,773
2
40
25
1,061
520
9
59
57
(2)
1,669
1
35
22
984
501
9
59
57
734
611
631
12,349
12',349
993
10,734
622
10,683
10^683
707
9,353
623
9,951
9^951
1,076
8,229
646
496
'150
12
13
'280
1
20,507
23
7
479
'313
'13,920
'4,489
'128
'598
'557
235
'20,563
21
472
'311
' 13,888
'4,583
'132
'605
'550
18
1,699
2
40
18
1,043
468
10
65
55
16
1,641
1
37
30
1,005
453
10
53
53
365
112.2
r
6,749
1,971
5,481
r
r
4
()
4
31
1,700
1
40
20
1,027
484
10
61
56
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 A
thous. running bales ..
Consumption ... .
thous running bales
Stocks in the United States, total, end of
Domestic cotton, total
On farms and in transit
Public storage and compresses
Consuming establishments
See footnotes at end of tables.
do .
do....
do....
do....
14,359
14,760
7,446
14,985
15,412
7,294
11,698
13,722
13/722
2,525
10,555
642
16,062
16'062
1,957
13,524
581
17,115
17^115
4,838
11,722
555
509
90
382
781
545
663
8,580
8',580
1,219
6,760
601
6,985
6^985
450
5,929
606
17,382
17',382
11,807
4,975
600
14,277
3
554
554
570
16,062
16',062
1,957
13,524
581
14,809
14309
1,081
13,141
587
13,705
13/705
1,026
12,048
631
3
3
5
5
12,233
836
16,195
16,195
11,147
4,458
590
15 157
15,157
7,227
7,378
552
13917
13,917
2,815
10,558
544
12,796
12,796
1,421
10,786
589
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
S-31
SURVEY OF CURRENT BUSINESS
January 1990
....
1989
1988
Annual
Umts
1987
1988
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Nov.
Oct.
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 Ib ..
Price, Strict Low Middling, Grade 41, staple 34
(IVie") average 10 markets
cents per Ib
Spindle activity (cotton system spindles):
Active spindles, last working
day, total
mil
Consuming 100 percent cotton .
do
Spindle hours operated, all
fibers total
bil
Average per working day
do
Consuming 100 percent cotton
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly ) . .
mil sq yd
Orders, unfilled, end of period, compared
with average weekly production
no weeks' prod
Inventories, end of period, compared with
avg weekly production
no weeks' prod
Ratio of stocks to unfilled orders (at cotton
mills), end of period
Exports, raw cotton equivalent
thous. net-weight bales §..
Imports, raw cotton equivalent
do
Producer Price Index, gray cotton
broadwovens
1982= 100 ..
5649
1
55.6
5683
2
5
63.7
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apparel class
mil. Ib..
Carpet class
do
Wool imports, clean yield . .
do
Duty-free
do ....
Wool prices, raw, shorn, clean basis, delivered
to U.S. mills:
Domestic— Graded territory, 64's, staple 2%"
and up
dollars per Ib
Australian, 64's, Type 62, duty-paid
do....
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. sq yd .
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments quarterly #
mil sq yds
APPAREL
Women's, misses', juniors' apparel cuttings: t
Coats
thous units
Dresses
do
Suits (incl pant suits jumpsuits)
do
Skirts
do
Slacks, jeans, dungarees, and
jean-cut casual slacks
..
do
Blouses
thous. dozen..
See footnotes at end of tables.
115.2
115.8
116.8
l8
39
1.5
•9.4
13
104
3.2
9.2
10
51
1.3
350
4.14
3.50
4.17
333
4.17
466
(i)
63.8
495
(i)
66.0
548
556
554
57 6
61 4
637
64 1
674
69 9
68 5
694
11 4
43
11 5
44
11 3
43
11 2
42
11 1
43
11 1
43
11 1
44
11 2
43
108
43
107
42
107
42
107
60
300
22
4
58
288
21
59
293
22
59
296
22
60
300
23
108
313
21
r4
79
r
58
289
4772
4 518
114.4
113.5
480
(1)
61.1
78 1
302
289
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Acetate filament yarn
mil Ib
213.9
191.1
Rayon staple, including tow
do
399.8
413.8
Noncellulosic, except textile glass:
Yarn and monofilaments
do
4,009.7 4,180.3
Staple, incl. tow
do
4,306.2 4,345.6
Textile glass fiber
do
Fiber stocks, producers', end of period:
Acetate filament yarn
mil Ib
11.4
14.2
Rayon staple, including tow
do
14.0
20.7
Noncellulosic fiber, except textile glass
298.4
Yarn and monofilaments
do
2886
Staple, incl. tow
do
319.6
298.4
Textile glass fiber
do
Manmade fiber and silk broadwoven fabrics
Production (qtrly.), total
mil sq yd
Filament yarn (100%) fabrics
do
Chiefly rayon and/or acetate
fabrics
do
Chiefly nylon fabrics
do
Spun yarn (100%) fabrics
do
Rayon and/or acetate fabrics, blends
do
Polyester blends with cotton
do
Acetate filament and spun
yarn fabrics
do....
Producer Price Index, gray synthetic
5
broadwovens
1982=100..
105.6
112.7
Manmade fiber textile trade:
Exports, manmade fiber equivalent
mil. Ibs..
68475
59187
Yarn, tops, thread cloth
..
do
26031 282 19
Cloth, woven
do ....
169.31
152.65
Manufactured prods., apparel,
furnishings
do
331 56
402 56
Imports, manmade fiber equivalent
do.... 1,805.44 1,735.70
Yarn, tops, thread, cloth
do
28000
258 18
Cloth, woven
do
18252
17923
Manufactured products, apparel,
furnishings
do.... 1,525.44 1,477.52
Apparel, total
do.... 1,033.22
991.03
Knit apparel
do
443 03
48536
111.0
850
(i)
59.5
829
319
323
5
110.4
57.2
11 5
44
105.2
63.6
233
58.3
11 6
46
250.4
260.0
1 617 2 1 146 8
^62.7
683
610
2
58.7
672
55.6
534
3
63 1
496
(i)
65.8
684
(i)
52.8
57 7
3
6
54.7
57.5
632
(i)
55.3
5
379
Q3
251
4
22
448
GI
I 029
22.8
94 5
25.4
1094
112.5
112.3
619
I
4
12
289
4
26
111.3
110.9
15
299
29
60
301
18
r
317
*28
1 183
1 150
112.4
4
4
110.9
110.5
110.1
109.4
109.8
109.8
56.7
83.2
52.7
100.8
55.8
101.2
1,059.2
1,124.5
1,065.1
1,103.9
1,097.3
1,134.1
1,050.2
1,053.4
11.4
14.0
11.3
11.7
^89
15.8
11.6
18.1
288.6
298.4
302.0
311.3
322.2
351.0
351.9
362.5
55.5
92.6
113.9
114.6
5677
23 63
14.88
5998
27 32
15.64
33 14
132.03
2044
1364
3266
123.37
18 60
1247
111.59
71.62
3272
104.77
65.71
2673
114.3
112.0
112.2
112.1
113.1
114.7
115.0
13.7
16
q0
38
10.4
16
13 1
32
8.7
14
103
31
'11.9
4
83
30
9.3
12
100
20
9.7
15
69
2.1
4 10
4.54
375
4.29
375
4.14
365
4.03
3 50
4,05
350
4.10
112.2
4
129.7
13 1
105 1
31 1
117.1
]5 6
967
244
8.3
10
86
20
'11.2
4
l0
67
13
10.6
g
87
21
11.1
13
11 3
29
265
3.24
438
4.87
475
4.72
4 50
4.75
4 50
5.11
4 38
4.84
1689
1912
447
47 5
488
1 2632
1 2733
3043
310 0
3482
23 982
174'982
7458
111 162
18416
160 488
8972
96417
4234
36 510
2076
20 735
3 618
50 823
2 280
29210
4 564
47 332
2328
26270
294 791
30,595
276 364
33,721
69088
7,916
74400
9,931
78 626
9,992
4
r
15
114.6
r4
10.8
r4
3335
3.00
4.20
S-32
Unless otherwise stated in footnotes
below, data through 1986 and
methodological notes are as shown in
BUSINESS STATISTICS: 1986
SURVEY OF CURRENT BUSINESS
TI
Annual
-t
1987
January 1990
1988
1988
Nov.
1989
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
July
Nov.
Aug.
Sept.
Oct.
28,992
27,930
34,710
Dec.
TEXTILE PRODUCTS—Continued
APPAREL—Continued
Men's apparel cuttings: $$
Suits
thous units
12296 13413
Coats (separate), dress and sport
do.... 18,323 17,435
Trousers, slacks, jeans, pants, etc
do.... 7481,667 428,231
Shirts, dress and sport
..thous doz
83756 85338
Hosiery, shipments
thous. doz. pairs.. 308,982 322,124
•
27,475
3558
4,191
94,252
21662
25,120
29,503
29,183
4 103
4,574
110,884
27348
29,277
'••"•"•
31,136
25,296
3626 '
3*990
124,710
29445
2S]485 30,745
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), total
,
mil $ 3 3121,224
U.S. Government
do. . 66,264
Prime contract
do .... 3 117,434
Sales (net), receipts, or billings,
3
total
do
110 301
U.S. Government
do .... 3 68,632
3
Backlog of orders, end of period #
do.... 158,650
U.S. Government
do .... 3 92,439
Aircraft (complete) and parts
do.... 33 64,494
Engines (aircraft) and parts
.
do
15,521
Missiles, space vehicle systems, engines,
propulsion units, and parts
mil. $.. 3 30,544
Other related operations (conversions, modifications), products, services
mil $. 3 16,930
Aircraft (complete):
Shipments
do. 12 491 7
Exports commercial
do
7380
MOTOR VEHICLES (NEW)
Passenger cars:
Factory sales (from U.S. plants):
5
Total
thous
7 085
5
Domestic
do
6 487
Retail sales, total, not seas, adj
do.... 10,278
Domestics §
do...
7081
Imports §
do ....
3,197
Total, seas. adj. at annual rate
..mil..
Domestics § . .
do
Imports §
..
do
Retail inventories, domestics, end of period: §
Not seasonally adjusted
thous..
1,680
Seasonally adjusted
do ....
1,701
Inventory-retail sales ratio, domestics §
2.9
Exports (BuCensus), total .
do
62765
To Canada
do
56188
Imports (ITC), complete units
do.
4,589 0
From Canada, total
do....
9269
1
Registrations Q, total new vehicles
do
10 166
Imports, including domestically
;
sponsored
do
3654
Trucks and buses:
Factory sales (from U.S. plants):
Total
do
63821
Domestic
;
do
"3509
Retail sales, domestics:
Total, not seasonally adjusted
do.... 4,088.4
0-10,000 Ibs. GVW .
do
3786 1
10,001 Ibs. GVW and over
do....
302.3
Total, seasonally adjusted
do .
0-10,000 Ibs. GVW.
do....
10,001 Ibs. GVW and over . . . .
.do
Retail inventories, domestics, end of period: t
Not seasonally adjusted
thous ..
967.9
Seasonally adjusted
,
do .
10154
Exports (BuCensus)
do
22927
Imports (BuCensus), including separate
chassis and bodies .. .
do
1 378 19
Registrations <>, new vehicles, excluding buses
14954
not produced on truck chassis
thous
Truck trailers and chassis, complete (excludes
detachables), shipments
number
180 142
Van type
do .... 135,380
Trailer bodies (detachable), sold
separately
do
438
Trailer chassis (detachable), sold
separately
.
do
23014
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all
railroads and private car lines (excludes
rebuilt cars and cars for export):
Shipments
number.
Equipment manufacturers
do. .
New orders
do
Equipment manufacturers
do...,
Unfilled orders, end of period
do...,
Equipment manufacturers
do
Freight cars (revenue), class I railroads(AAR): $
Number owned, end of period
.. thous
Capacity (carrying), total, end of month
mil tons
Average per car
, tons.
See footnotes at end of tables.
13,645
13,645
18504
18,504
6,736
6736
3
147 128
67,850
143,421
3
3
3
113 548
68,104
191,518
3
92,394
3
87,865
3
23 415
3
3
3
29,078
3
17,895
16 019.9
9971
1,258 7
814
14762
829
7 105
6437
10,639
7,539
3,099
648
591
796
554
243
10.1
72
29
584
533
882
617
265
11.4
84
31
1,601
1,619
26
76512
61618
44502
11914
1
10 480
1,631
1,663
2.8
6850
4898
4092
1010
764
1,601
1,619
23
5824
4061
4157
889
896
13710
278
4 121
3795
7741
4
620
10162
810
15972 13645 13943
1 320 1 241 1 104
17928 2,331.4 1,385.0 1,079.2
485
1 020 1 836 1 322
16130
1 117
14144
1378
612
559
899
641
258
9
9.8
9
70
9
29
275
248
849
603
245
10.2
75
28
540
499
977
685
291
11,4
83
31
576
523
840
610
230
10.7
78
2.8
618
569
750
524
226
8.8
61
2.7
1,845
1,732,
9
3.0
6274
4967
3391
1005
950
1,565
1,555
2.5
3904
2687
2984
636
830
1,450
1,578
23
4834
3959
2790
70.6
880
1,439
1,562
2.4
5788
4808
293.3
93.4
956
606
544
754
554
201
9.9
70
28
654
585
887
642
246
9,7
68
29
651
584
912
667
245
108
76
32
1,736
1,649
28
4
55 68
4
40
14
4
324 8
4
860
733
1,810
1,667
28
71 74
5502
3726
1124
722
1,838
1,690
30
8294
6569
3747
999
833
1,836
1,702
27
80 16
5873
3564
102 1
843
1,844
1,709
28
71 37
5226
3528
1095
885
317
258
252
283
282
293
324
304
331
351
323
327
303
365
338
373
343
401
366
365
334
390
362
383
358
220
205
355.0
3280
27.0
3766
3461
305
359.2
3290
30.1
372 1
3426
294
326.8
300 1
26.7
381 6
3493
322
337.7
313 1
246
3652
3366
286
405.2
3756
29.5
3492
3227
265
398.9
3686
30,3
3970
3692
27 8
421.8
391 2
30.7
3626
3340
286
389.4
359 1
30.3
93519
S
324
2
9
276
999.3 1,093.7
998.3
999.3
1 041 6 1 003 5 1 041 6 14 0725
24692
17 91
1523
19 23
1,170.5
1 1099
21 60
1,197.1
1 1300
'2335
1,208.9
1 1358
1873
1,225.2
1 1603
1769
101 92
10361
7634
8964
4,544.5
4 195 1
348.7
1 155 66
9720
10789
616
569
721
512
209
9.9
71
28
r
4
103 34
r
671
616
973
710
262
103
75
29
r
r
(2)
686
474
213
8.5
60
2.5
e
655
456
199
e
8.9
6.5
C
2.4
1,550
1,644
3.2
6881
4787
352.1
103.2
800
1,658
1,689
3.4
67.31
45.02
355.8
116.0
1,669
1,692
3.1
354
303
262
347
328
316
289
300
275
389.9
3617
28.3
3796
351.6
28.0
410.3
3821
28.2
4328
404.1
28.7
382.5
357 0
25.5
411.5
385.9
25.6
326.4
2976
28.8
344.4
316.2
28.2
326.8
304.1
22.7
336.6
311.5
25.1
321.5
296.7
24.9
347.3
322.3
25.0
1,252.3
1 2037
153,6
1,114.4
12082
1066
1,107.8
1,200.5
1564
1,078.8
1,153.9
21 15
1,102.6
1,135.3
1715
1,146.8
1,153.6
1501
1,134.9
1,183.4
8330
7485
6906
7058
8820
8170
9
(2)
15 211
398
445
371
374
428
427
446
477
430
441
493
423
371
186 483
131,991
15 394
11,347
15436
11,161
14 141
10,137
14 223
10,559
16247
11,746
16395
11,854
15 234
10,764
15034
11,002
11 427
7,950
15850
11,868
13 302
9,881
13,378
r
9,697
12,186
8,934
1857
2 180
2 183
3047
2613
1527
1472
5223
520
563
37729
3548
2645
22524
22524 '
28871
28,871
15,953
15953
(ii)
n i 789
7864
7864
8044 •
8,044
15,953
15953
'
7286
7286
11 040
11,040
19.707
19707
1 016
1 309
6821
6821
6 117
6,117
15,694
15694
7838
7838
5649
5649
16398
16398
'"
1 557
749
725
724
725
723
721
721
715
714
712
710
707
703
698
694
6363
8501
6246
8617
6227
8605
6246
8617
6234
8616
62 19
8624
6226
86?34
61 81
8648
61 77
8652
61 57
8653
6145
8655
61 20
8661
6093
8665
6054
8671
6024
8682
S-33
SURVEY OF CURRENT BUSINESS
January 1990
FOOTNOTES FOR PAGES S-l THROUGH S-32
General Notes for all Pages:
Address requests for data to:
r
p
e
c
Revised,
Preliminary,
Estimated,
Corrected.
Page S-l
t Revised series. See Tables 2.6 - 2.9 in the July 1989 SURVEY for revised estimates for
1985-88.
$ Includes inventory valuation and capital consumption adjustments.
§ Monthly estimates equal the centered three-month average of personal saving as a
percentage of the centered three-month moving average of disposable personal income.
O See note "<>" for p. S-2.
Page S-2
1. Based on data not seasonally adjusted.
O Effective Oct. 1987 SURVEY, the industrial production index has been revised back
to Jan. 1985. These revisions are available upon request.
# Includes data not shown separately.
$ Effective Sept. 1988 SURVEY, data have been revised back to January 1982. Revised
data appear in the report "Manufacturing and Trade Inventories and Sales" CB-88-146,
available from the Bureau of the Census, Washington, DC 20233.
§ Revised series. Data have been revised back to 1985. Revisions are available upon,
request.
Page S-3
# Includes data for items not shown separately.
t Revised series. Data have been revised back to 1982. A detailed description of the
changes appear in the report: "Manufacturers', Shipments, Inventories, and Orders: 1982-88"
M3-l(88), available from the Bureau of the Census, Washington, DC 20233.
t See note "$" for p. S-2.
§ See note "§" for p. S-2.
PageS-4
1. Based on data not seasonally adjusted.
# Includes data for items not shown separately.
$ Includes textile mill products, leather and products, paper and allied products, and
printing and publishing industries; unfilled orders for other nondurable goods industries
are zero.
O For these industries (food and kindred products, tobacco, apparel and other textile
products, petroleum and coal, chemicals and allied products, and rubber and plastics products)
sales are considered equal to new orders.
t See note "t" for p. S-3.
Page S-5
@ Compiled by Dun & Bradstreet, Inc.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
t See note "J" for p. S-4.
t In the Feb. and July issues of the SURVEY each year, data for the most recent six to
eight years are subject to revise and are available upon request.
O See note "t" for p. S-6.
tt See note "t" for p. S-3.
Business Statistics Branch
Current Business Analysis Division
Bureau of Economic Analysis
U.S. Department of Commerce
Washington, D.C. 20230
@ Effective July 1989 SURVEY, data have been revised back to 1985. In addition to the
normal revisions to the unadjusted and seasonally adjusted data, some total components
have been revised back to 1975 due to revised data for the "Telecommunications" category.
See" note "*" for this page. Effective July 1988 SURVEY, the "Improvements" component
of private residential buildings has been revised back to 1982 to adjust for a change in
estimation of the monthly data. Revised data are available from the Construction Statistics
Division at the Bureau of the Census, Washington, DC 20233.
$ Effective July 1989 SURVEY, data have been revised back to 1975 and are available
upon request.
# The "Telephone and telegraph" category has been renamed "Telecommunications"
and now includes estimates for television cable construction. Data were revised back to
1975.
ft Effective Nov. 1989 SURVEY, data have been revised back to 1980 and are available
upon request.
Page S-8
1. Advance estimate.
2. Beginning with Feb. 1989 data, associations in conservatorship are excluded.
0 Home mortgage rates (conventional first mortgages) are under money and interest
rates on p. S-l4.
§ Data include guaranteed direct loans sold.
# Includes data for items not shown separately.
@ Effective Oct. 1987 SURVEY, data are for closed mortgage loans of thrift institutions
insured by the Savings Association Insurance Fund (SAIF)—FSLIC-insured institutions
prior to Sept. 1989. Historical data back to 1976 are available upon request.
t Effective April 1989 SURVEY, wholesale trade data have been revised back to Jan.
1983. Revised data and a summary of changes appear in the report. Revised Monthly Wholesale
Trade Sales and Inventories BW-13-88S, available from the Bureau of the Census, Washington, DC 20233.
$ Effective April 1989 SURVEY, retail trade data have been revised. Estimates of retail
sales and inventories have been revised back to January 1983. A revision in 1988 revised
some series back to 1978. Revised data and a summary of changes appear in the report
Revised Monthly Retail Sales and Inventories BR88-R, available from the Bureau of the
Census, Washington, DC 20233.
tt Beginning with data for 1988, data will be reported on a quarterly basis only.
PageS-9
1. Advance estimate.
# Includes data for items not shown separately.
O Effective with the January 1990 SURVEY, the seasonally adjusted labor force series
have been revised back to January 1985. The January 1990 issue of Employment and Earnings contains the new seasonal adjustment factors, a description of the current methodology, and
revised data for the most recent 13 months or calendar quarters. Revised monthly data for
the entire 1985-89 revision period will appear in the February 1990 issue of Employment and Earnings.
t The participation rate is the percent of the civilian noninstitutional population in the
civilian labor force. The employment-population ratio is civilian employment as a percent
of the civilian noninstitutional population, 16 years and over.
@ Data include resident armed forces.
$ See note "$" for p. S-8.
Page S-6
Page S-10
§ Effective with the release of the January 1988 index, all producer price indexes previously
expressed on a base of 1967=100, or any other base through December 1981, have been
rebased to 1982=100. Historical data on the new base are available upon request. For
producer price indexes of individual commodities, see respective commodities in the Industry
section beginning p. S-l9. All indexes subject to revision four months after original publication.
# Includes data for items not shown separately.
t Effective with the release of the January 1988 index, all consumer price indexes previously
expressed on a base of 1967 = 100, or any other base through December 1981, have been
rebased to 1982-84=100. Historical data on the new base are available upon request. Beginning
with January 1987, data are calculated using 1982-84 expenditure patterns and updated
population weights. Additional information regarding these changes is available from the
Bureau of Labor Statistics, Washington, DC 20212.
$ Effective with the Feb. 1989 SURVEY, data have been revised back to 1984 and are
available upon request.
O See note "O" for P- S-9.
§ Effective with the June 1988 and 1989 issues of the SURVEY, data have been revised,
respectively, back thru April 1986 and 1987 (not seasonally adjusted) and January 1983
and 1984 (seasonally adjusted) to reflect new benchmarks and seasonally adjustments factors. The June issue of Employment and Earnings (for both years) contains a detailed discussion of the effects of these revisions.
Page S-l 1
$ This series is not seasonally adjusted because the seasonal component is small relative
to the trend-cycle and/or irregular components and consequently cannot be separated with
sufficient precision.
0 Production and nonsupervisory workers.
§ See note"§" for p. S-10.
PageS-7
Page S-12
1. Computed from cumulative valuation total.
2. Index as of Jan. 1, 1990: building, 395.7; construction, 435.0.
3. Beginning Dec. 1988, series has been discontinued by the Bureau of the Census.
# Includes data for items not shown separately.
§ Data for Dec. 1988, and Mar., June, and Aug. 1989 are for five weeks; other months
four weeks.
0 Effective Feb. 1989 SURVEY, data for seasonally adjusted housing starts have been
revised back to 1986. Effective Feb. 1988 SURVEY, data for seasonally adjusted housing
starts have been revised back to 1985.These revisions are available upon request.
t Effective May 1989 SURVEY, data for seasonally adjusted building permits have been
revised back to 1987. Effective May 1988 SURVEY, data for seasonally adjusted building
permits have been revised back to Jan. 1986. These revisions are available upon request.
1. This series is not seasonally adjusted because the seasonal component is small relative
to the trend-cycle and/or irregular components and consequently cannot be separated with
sufficient precision. Use the corresponding unadjusted series.
2. The hourly earnings index has been discontinued.
§ See note "§" for p. S-10.
<> Production and nonsupervisory workers.
$ Earnings in 1977 dollars reflect changes in purchasing power since 1977 by dividing by
Consumer Price Index. Effective Feb. 1988 SURVEY, this series has been revised back to
1983 to reflect new seasonal factors for the CPI-W. Revised data are available upon request.
§§ Wages as of Jan. 1, 1990: Common, $18.10; Skilled, $23.71.
t Excludes farm, household, and Federal workers.
it See note "$" for p. S-l 1.
S-34
SURVEY OF CURRENT BUSINESS
Page S-13
1. Beginning with Jan. 1988 data, the number of respondents in the bankers acceptance
survey was reduced from 155 to 111 institutions—those with $100 million or more in total
acceptances. The new reporting group accounts for over 90 percent of total acceptances
activity.
2. Effective December 31, 1987, eight brokers and dealers in commercial paper were
added to the reporting panel resulting in a series break. End of month figures on the old basis
are as follows: All issuers, 352,915; financial companies, 275,907; dealer placed, 103,667;
directly placed, 172,240; and nonfinancial companies, 77,008.
3. Average for Dec.
4. Pursuant to the 1987 Agricultural Credit Act, the FICBs merged with the FLBs on
July 6, 1988. Loans for the combined FLBs, FLBAs, FICBs, and PCAs for the third and
fourth quarter 1988, and first quarter 1989, in millions are: $42,849, $41,438 and $40,337
respectively.
5. Effective Feb. 28, 1989, there was a break in the series due to the enlargement of the
panel of reporting dealers to 17 and of reporting direct issuers to 36. End of month figures on
the old basis are as follows: All issuers, 481,734; financial companies, 373,717; dealer placed,
172,330; directly placed, 201,387; and nonfinancial companies, 108,017.
t Effective Aug. 1988 SURVEY, free reserves have been restated to correspond with the
Federal Reserve's computation, which is as follows: excess reserves, minus borrowings, plus
extended credit. Historical data back to 1961 are available upon request.
t Effective Oct. 1989 SURVEY, data have been revised from 1984 forward. Effective
Jan. 1988, series revised due to changes in the panel of reporting banks. The new reporting
panel of 168 banks accounts for about 52 percent of total assets in U.S. offices of domesticallychartered banks.
# Includes data for items not shown separately.
§ Excludes loans and federal funds transactions with domestic commercial banks and
includes valuation reserves (individual loan items are shown gross; i.e., before deduction of
valuation reserves).
# New series. Source: The Employment and Training Administration. Covers 50 States
and the District of Columbia. Only regular benefits are included.
@ Average weekly insured unemployment for 12-month period divided by average monthly
covered employment (lagging 4 full quarters for annual figure and 2 full quarters for monthly
figure).
** Effective Oct. 1989 SURVEY, loans by loan type are provided by the Federal Farm
Credit Banks Funding Corporation.
Page S-14
1. Data are for fiscal years ending Sept. 30 and include revisions not distributed to the
months.
2. Weighted by number of loans.
3. Beginning Feb. 1988, data temporarily suspended by the Farm Credit Administration, which is revising the information it collects and amending the reports it distributes.
§ Effective Aug. 1989 SURVEY, data have been revised to reflect new benchmark adjustments. In addition, data for 1984 forward include a number of institutions excluded from
earlier data. Effective Apr. 1989 SURVEY, data have been revised to reflect new benchmark
and seasonal adjustments. These revisions are available upon request.
t Effective with May 1989 SURVEY, the consumer installment credit series have been
revised from 1986 through 1988 to reflect more complete data for most lender groups and
new seasonal factors. Effective Apr. 1988 SURVEY, the consumer installment credit series
have been revised back to Jan. 1980 to reflect newly available historical information and to
incorporate new seasonal factors. These revisions are available upon request.
# Includes data for items not shown separately.
O Excludes loans to commercial banks in the U.S.
$ Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent.
$$ Courtesy of Metals Week.
@@ Average effective rate
@ Revised for periods between October 1986 and April 1987. During this interval, outstanding gold certificates were inadvertently in excess of the gold stock.
Page S-15
1. Beginning in the first quarter 1987, the universe of manufacturing corporations was
redefined to exclude corporations with less than $250,000 in assets at the time of sample
selection.
2. Beginning Jan. 1989, the primary public offering statistics have been discontinued by
the Securities and Exchange Commission.
t Effective Feb. 1989 SURVEY, the money stock measures and components have been
revised and are available from the Banking Section of the Division of Research and Statistics at the Federal Reserve Board, Washington, D.C. 20551.
$t Includes ATS and NOW balances at all depository institutions, credit union share
draft balances, and demand deposits at thrift institutions.
O Overnight (and continuing contract) RP's are those issued by commercial banks to
the nonbank public, and overnight Eurodollars are those issued by Caribbean branches of
member banks to U.S. nonbank customers.
@ Small time deposits are those issued in amounts of less than $100,000. Large time
deposits are those issued in amounts of $100,000 or more and are net of the holdings of
domestic banks, thrift institutions, the U.S. Government, money market mutual funds, and
foreign banks and official institutions.
# Includes data for items not shown separately.
§ Effective with the Mar. 1989 SURVEY, data have been revised back to 1986 and are
available upon request. Effective Apr. 1988 SURVEY, 1987 data have been revised. Revisions for
Jan. 1987: long-term, 7,486; short-term, 372.
Page S-16
1. The railroad average was discontinued by Moody's on July 13, 1989. Therefore, the
July average reflects only eight working days.
@ See note "4" for p. S-19 regarding the new commodity classification systems introduced Jan. 1989. Effective with the July 1989 SURVEY, seas. adj. data have been revised
back to Jan. 1987 and unadj. exports and imports back to Jan. 1988. Effective with the
January 1990
June 1988 SURVEY, total exports and imports have been revised back to Jan. 1986. These
revisions are available upon request. Data may not equal the sum of the geographic regions,
or commodity groups and principal commodities, because the revisions to the totals are not
reflected in the component items.
t Effective with the June 1988 SURVEY, seasonal adjustment of exports and imports
was reintroduced. The monthly data were last adjusted for December 1985. Historical data
from Jan. 1986 forward are available upon request.
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.
$ For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
# Series added to the S-pages in May 1989.
Page S-17
1. Beginning with Jan. 1989 data, undocumented exports to Canada are now included,
resulting in a break with Dec. 1988 data.
2. Beginning Jan. 1989, buses are excluded from "Motor vehicles and parts" and included in
"Other manufactured goods," resulting in a break with Dec. 1988 data.
@ See note "@" for p. S-16.
t See note "t" for p. S-16.
# Includes data not shown separately.
O Data include undocumented exports to Canada, which are based on official Canadian
import totals.
# Series added to the S-pages in May 1989.
Page S-18
1. Reported annual total; quarterly or monthly revisions are not available.
2. For month shown.
3. Beginning Aug. 1989, the export and import indexes have been discontinued by the
Census Bureau.
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled
service.
$ The threshold for Class I railroad status is adjusted annually by the Interstate Commerce Commission to compensate for inflation.
O Average daily rent per room occupied, not sche^' 5ed rates.
## Data represent entries to a national park for recreational use of the park, its services,
conveniences, and/or facilities.
t Before extraordinary and prior period items.
@ Changes in these unit value indexes may '-"fleet changes in quality or product mix as
well as price changes.
tt Effective with the Dec. 1989 SURVEY, data foi "J81-8o have been revised and are
available upon request.
Page S-19
1. Reported annual total; monthly or quarterly revisions are not available.
2. Less than 500 metric tons.
3. Figure suppressed because it did not meet Census publication standards.
4. Effective with the Apr. and May 1989 issues of the SURVEY, most foreign trade series
in the "S-Pages" have been converted to metric units. Also, beginning with 1989 data,
merchandise trade data are based upon two new commodity classification systems; the
International Harmonized System and, Revision 3 of the Standard International Trade
Classification and, as a result, data may not be directly comparable to 1988 and earlier
years.
5. Effective with the July 1989 SURVEY, data are shown in metric tons.
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
$ Effective with the Jan. 1990 SURVEY, revisions for 1987-88 are available upon request.
O Beginning January, 1986, data are not directly comparable to earlier periods because
the data represent only companies that have annual revenues over $100 million.
Page S-20
1. Reported annual total; monthly or quarterly revisions are not available.
2. Quarterly data are no longer available. See also note 4 for this page.
3. See note 4 for p. S-19.
4. Effective with the July 1989 SURVEY, data are shown in metric tons.
§ Data are not wholly comparable from year to year because of changes from one classification to another.
O As of the Nov. 1989 SURVEY, revisions are available upon request.
@ Includes less than 500 electric generation customers not shown separately.
t Effective with the Apr. 1989 SURVEY, revisions back to 1983 are available upon request.
$ Effective with the Jan. 1990 SURVEY, revisions for 1987-88 are available upon request.
n Effective with the Dec. 1989 SURVEY, revisions for 1987-88 are available upon request.
Page S-21
1. Previous year's crop. New crop is not reported until Sept. (crop year: Sept. 1-Aug. 31).
2. Crop estimate for the year. See also note 13 for this page.
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. Crop estimate for 1989.
6. Stock estimates are available once a year as June 1 stocks and shown here in the May
column and (as previous year's crop) in the annual column. See also note 13 for this page.
7. Stocks as of Dec. 1.
8. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
9. Prices are no longer available.
10. Based on quotations for fewer than 12 months.
11. See note 4 for p. S-19.
12. Series has been discontinued.
13. Effective with the May 1989 SURVEY, data have been converted to metric units.
§ Excludes pearl barley.
@ Quarterly data represent the 3-month periods Dec.-Feb., Mar.-May, June-Aug.,
and Sept. -Nov. Annual data represent Dec.-Nov.
t Coverage for 21 selected States, representing approximately 85 percent of U.S. production.
Page S-22
1. Monthly quotation not available.
2. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
3. See note "t" for this page.
4. See note "t" for this page.
5. Series has been discontinued by the source.
6. See note 4 for p. S-19.
t Beginning with Sept. 1988 and annual 1988 data, price represents dollars per head and
is not comparable with earlier prices, which represent dollars per 100 pounds.
t Effective with the release of 1st Qtr. 1988 data, the import price index for coffee has
been discontinued by BLS and replaced in the SURVEY with the import price index for
coffee and coffee substitutes. The weighting structure used for the import price index reflects
U.S. foreign trade flows based on 1985 data. Indexes, beginning with 2nd Qtr. 1975, are
available upon request.
Page S-23
1. Crop estimate for the year.
2. Reported annual total; revisions not distributed to the months.
3. Data suppressed because they did not meet Census publication standards.
4. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
5. See note 4 for p. S-19.
6. Crop estimate for 1989.
# Totals include data for items not shown separately.
O Effective Nov. 1989 SURVEY, data have been revised for 1987 and 1988. Effective
Oct. 1988 SURVEY, data have been revised for 1986.
Page S-24
1. Reported annual total; monthly revisions are not available.
2. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
3. Less than 500 tons.
4. See note 4 for p. S-19.
5. Effective with the July 1989 SURVEY, data have been converted to metric tons.
* New series from the American Metal Market. The composite scrap price represents
the average of consumers' buying prices, delivered, at the following markets: Chicago,
Pittsburgh, and Philadelphia. Annual and monthly composite price data are available back
to January 1982.
Page S-25
1. Reported annual total; monthly revisions are not available.
2. For month shown.
3. Effective with Jan. 1989, import data are for consumption; earlier periods of data are
general imports. See also note 4 for p. S-19 regarding the introduction of new classification
systems.
4. Prior to the July 1989 SURVEY, annual and monthly data for 1984-88 for aluminum
imports and exports were shown incorrectly in thousands of short tons. Beginning with the
July 1989 SURVEY, data for those periods have been converted to thousands of metric tons.
@ Beginning 1987, includes foreign ores.
§ Source: Metals Week.
Page S-26
1. Reported annual total; monthly revisions are not available.
2. Less than 50 tons.
3. See note 3 for p. S-25.
O Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
t Source for monthly data: American Bureau of Metal Statistics. Source for annual
data: Bureau of Mines.
# Includes data not shown separately.
# New series from The Material Handling Institute, Inc. and Cahners Economics. Includes
bookings (new orders) for automatic guided vehicles, automated storage and retrieval systems, below hook lifters, cranes, hoists, monorails, racks, shelving, casters and floor trucks,
and conveyors. Annual and quarterly historical data back to 1972 are available upon request.
@@ Beginning Oct. 1986, the Lead price represents North American Mean.
Page S-27
1. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
2. See note 4 for p. S-19.
3. Annual total includes revisions not distributed to the months.
# Includes data for items not shown separately.
§ Includes nonmarketable catalyst coke. See also note "fffor this page.
O Includes small amounts of "other hydrocarbons and alcohol new supply (field
production)," not shown separately.
t Effective with the Oct. 1987, 1988, and 1989 issues of the SURVEY, coal production
data for 1986, 1987, and 1988, respectively, have been revised. Effective with the May 1988
S-35
SURVEY OF CURRENT BUSINESS
January 1990
SURVEY, coal consumption and stocks back through 1986 have been revised. These revisions are
available upon request.
tt Effective with the June 1988 and Aug. 1989 issues of the SURVEY, data for 1987 and
1988 respectively, have been revised and are available upon request.
tt March, June, September and December are five-week months. All others consist of
four weeks.
Page S-28
1. Reported annual total; revisions not allocated to the months.
2. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
3. See note 4 for p. S-19.
# Includes data for items not shown separately.
t Except for price data, see note "If" for p. S-27.
Page S-29
1. Reported annual total; revisions not allocated to the months.
2. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
3. See note 4 for p. S-19.
O Source: American Paper Institute. Total U.S. estimated consumption by all newspaper
users.
# Compiled by the American Newspaper Publishers Association.
t Effective with the April 1988 SURVEY, the import price index for natural rubber has
been revised. The index is now expressed on a base of 1985= 100. Also new weights based on
1985 trade flows have been applied to all data from 1985 onward. Revised data are available
back to 4th qtr. 1983.
Page S-30
1. Reported annual total; revisions not allocated to the months.
2. Data are being withheld to avoid disclosing data from individual firms.
3. Data cover five weeks; other months, four weeks.
4. Beginning Jan. 1989, sales of industrial plasters are included with building plasters.
5. Jan. 1, 1990 estimate of the 1989 crop.
# Includes data for items not shown separately.
O Cumulative ginnings to the end of month indicated.
§ Bales of 480 Ibs.
t Data for 1987 and 1988 have been revised and are available upon request.
Page S-31
1. Less than 500 bales.
2. Annual total includes revisions not distributed to the months.
3. Average for crop year; Aug. 1-Jul. 31.
4. For five weeks; other months four weeks.
5. See note "§" for p. S-6 regarding a change to a new reference base in 1988.
6. See note 4 for p. S-19.
O Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price
reflects total quantity purchased and dollars paid for the entire month (revised price includes
discounts and premiums).
# Beginning 1st Qtr. 1986; quarterly data are estimated by the American Textile
Manufacturers Institute based on annual data collected by the Bureau of Census.
§ Bales of 480 Ibs..
t Beginning 1st Qtr. 1987, data are not comparable with earlier periods. Girls apparel
are now included with women's, misses' and juniors' and boys' apparel are now included
with men's. Also, some classification changes were made.
PageS-32
1. Annual total includes revisions not distributed to the months.
2. Production of new vehicles (thous. of units) for Dec. 1989: passenger cars,429; trucks
and buses, 264.
3. Data are reported on an annual basis only.
4. See note 4 for p. S-19.
5. Beginning with January 1987, data include Honda, Nissan, and Toyota passenger cars
produced in U.S. plants.
6. Beginning with January 1987, data include Nissan trucks produced in U.S. plants.
7. Beginning with 1st qtr. 1987, jeans, jean-cut casual and dungarees are included with
trousers.
8. See note "t" for this page.
9. Effective with the July 1988 and 1989 issues of the SURVEY, data have been revised
back thru 1985 and 1986, respectively, and are available upon request.
10. Data for jumpers are included with dresses to avoid disclosing information for individual companies.
11. Beginning Jan. 1989, shipments of trailer bodies are included with trailer chassis to
avoid disclosure of data from individual firms.
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and
imported to the U.S. under the provisions of the Automotive Products Trade Act of 1965.
Imports comprise all other cars.
O Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some states
are not available, month-to-month comparisons are not strictly valid.
t Excludes railroad-owned private refrigerator cars and private line cars.
t Effective with the Mar. 1988 SURVEY, retail inventories for trucks and buses have
been restated to exclude captive imports (vehicles manufactured overseas by U.S. affiliates). These data are available back through 1966.
tt See note "t" for page S-31.
S-36
SURVEY OF CURRENT BUSINESS
January 1990
Index to Current Business Statistics
Sections
General:
Business indicators
Commodity prices
Construction and real estate
Domestictrade
Labor force, employment, and earnings..,
Finance .
Foreign trade" of "trie United States .".".'."."..".."
Transportation and communication
16-18
18,19
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products;
Leather and products
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
Rubber and rubber products
Stone, day, and glass products
Textile products
Transportation equipment
19,20
20
20-23
23
23,24
24-27
27, 28
28,29
29
30
30-32
32
tobacco
Footnotes.
1-5
5, 6
7,8
8, 9
9-13
13-16
32-35
Individual Series
Advertising
Aerospace vehides
Agricultural loans
Air carrier operations
Air conditioners (room)
Aircraft and parts
Alcohol, denatured and ethyl
Alcoholic beverages
Aluminum
Apparel
Asphalt
Automobiles, etc
8,12
32
13
18
27
4, 5,32
19
8,20
25
2, 4-6,8-12,31, 32
28
2-4,6,8,9,14,15,17, 32
Banking
Barley
Battery shipments
Beef and veal
Beverages
Blast furnaces, steel mills
Bonds, issued, prices, sales yields
Brass and bronze
Brick
Building and construction materials
Building costs
Building permits
Business incorporation (new), failures
Business sales and inventories
Butter
13,14
21
27
22
8,17, 20
3-5
15,16
26
30
2,4,5
7
7
5
2,3
21
Carpets
Cattle and calves
Cement
Chain-store sales, firms with 11 or more stores.
Cheese.
31
22
30
9
21
Chemicals . . . . . . . . . . . . . . . . . . . . . . . . . 2-4,10-12,15,17,19,20
Cigarettes and cigars
Clay products
Clothing (see apparel)
Coal
Cocoa
Coffee
Coke
Combustion, atmosphere, heating equipment
Communication
Construction:
Contracts
Costs
Employment, unemployment, hours, earnings
Housing starts
New construction put in place
Consumer credit
Consumer goods output, index
Consumer Price Index
Copper and copper products
Corn
Cost of living (see Consumer Price Index)
Cotton, raw and manufactures
Credit, commercial bank, consumer
Crops
Crude oil
Currency in circulation
Dairy products
Debt, U.S. Government
Deflator, PCE
Department stores, sales, inventories
Deposits, bank
Dishwashers and disposers
23
2-4,30
2, 27
22
22
27
26
15,19
7
7
10-12
7
7
14
1,2
5,6
25, 26
21
5, 6
5,30,31
14
5, 21-23, 30 .
3, 27
15
5,21;
14
1
9
13,15
27
1
20
1,15
Disposition of personal income.
Distilled spirits
Dividend payments
Drugstores, sales
Earnings, weekly and hourly
Eating and drinking places
Eggs and poultry
Electric power
Electrical machinery and equipment
Employee-hours, aggregate, and indexes
Employment and employment cost
Exports (see also individual commodities)
12
8,9
5, 22
2,20
2-5,10-12,15, 27
11
10-12
16-18
Failures, industrial and commercial
5
Farm prices
5,6
Fats and oils
17
Federal Government finance
14
Federal Reserve System
13
Federal Reserve member banks
13
Fertilizers
19
Fish
22
Flooring, hardwood
24
Hour, wheat
22
Ruid power products
26
Food products
2-6, 8,10-12,15,17,20-23
Foreign trade (see also individual commod.)
16-18
Freight cars (equipment)
32
Fruits and vegetables
5
Fuel oil
6,28
Fuels
2, 6,17, 27, 28
Furnaces
27
Furniture
2, 6,8-12
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gypsum and products
Hardware stores
Heating equipment
,
Help-wanted advertising index
Hides and skins
Hogs
Home loan banks, outstanding advances
Home mortgages
.Hotels, motor hotels, and economy hotels
Hours, average weekly
Housefumishings
Household appliances, radios, and television sets
Housing starts and permits
Imports (see also individual commodities)
Income, personal
Income and employment tax receipts
Industrial production indexes:
By industry
By market grouping
Installment credit
Instruments and related products
Interest and money rates
Inventories, manufacturers' and trade
Inventory-sales ratios
Iron and steel
f
2,6,20
28
30
19
14
5,21, 22
9
30
8
26
12
6
22
8
8
18
11
2,4-6,8, 9
27
7
17,18
1
14
1,2
1,2
14
2-4,10-12
14
3,4, 8,9
3
2,15, 24, 25
Labor force
9,10
Lamb and mutton
22
Lead
26
Leather and products
2, 6,10-12,23
Livestock
5, 22
Loans, real estate, agricultural, bank (see also Consumer credit)
8,13
Lubricants
28
Lumber and products
2,6,10-12,23,24
Machine tools
26
Machinery
2-6,10-12,15,17, 26,27
Manufacturers' sales (or shipments), inventories, orders
3-5
Manufacturing employment, unemployment, production workers,
hours, earnings
10-12
Manufacturing production indexes
1,2
Meat animals and meats
5,22
Medical care
6
Metals
2-6, 10-12, 15, 24-26
Milk
21
Mining
2,10-12
Mobile homes, shipments, installment credit
7,14
Monetary statistics
15
Money and interest rates
14
Money supply
15
Mortgage applications, loans, rates
8,13,14
Motor carriers
18
Motor vehides
2-4, 6, 8, 9,15,17, 32
National parks, visits
Newsprint
New York Stock Exchange, selected data
Nonferrous metals
Oats
Oils and fats
Orders, new and unfilled, manufacturers'
Outlays, U.S. Government
Paint and paint materials
Paper and products and pulp
Parity ratio
18
29
16
2,4,5,15,25,26
21
17
4,5
14
20
2-4, 6,10-12,15, 28,29
5
2-4, 6, 8,9,15, 17,32
18
1
Personal consumption expenditures
1
Personal income
1
Personal outlays.
Petroleum and products
2-4,10-12,15,17, 27,28
24
Rg iron
20
Plastics and resin materials
9
Population
22
Pork
5,22
Poultry and eggs
1
Price deflator, implicit (PCE)
5,6
Prices (see also individual commodities)
Printing and publishing
2, 10-12
10-12
Private sector employment, hours, earnings
6
Producer Price Indexes (see also individual commodities)
15
Profits, corporate
16,20
Public utilities
1,2, 7,15,
28
Pulp and pulpwood
Purchasing power of the dollar
Radio and television
Railroads
Ranges and microwave ovens
Rayon and acetate
Real estate
Receipts, U.S. Government
Refrigerators
Registrations (new vehicles)
Rent (housing)
Retail trade
Rice
Rubber and products (ind. plastics)
Saving, personal
Savings deposits
Savings institutions
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Silver
Spindle activity, cotton
Steel and steel manufactures
Stock market customer financing
Stock prices, yields, sales, etc
Stone, day, glass products
Sugar
Sulfur
Sulfuric add
Superphosphate
Synthetic textile products
Tea imports
Telephone carriers
Television and radio
Textiles and products
Tin
Tires and innertubes
Tobacco and manufactures
Tractors
Trade (retail and wholesale)
Transit lines, urban
Transportation
Transportation equipment
Travel
Truck trailers
Trucks
Unemployment and insurance
U.S. Government bonds
U.S. Government finance
Utilities
Vacuum cleaners
Variety stores
Vegetables and fruits
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheatflour
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc
6
8, 27
13,16,18, 32
27
31,
8,13
14
27
32
6
2,3, 5, 8-12,14,32
21
2-4,6,10-12, 29
1
13
8,14
15
15,16
6,10-12
22
23
14
31
24,25
15
16:,
2-4, 10-12,15, 30
23
19
19
19
31
23
19
27
2-4,10-12,15,30-32
26
29
2-4,10-12,23
27
2, 3, 5, 8-12,32
18
6,10-12,15,16,18
2-6,10-12,15,17, 32
18
32
2,32
9,10,13
16
15
2, 6, 7,15, 16, 20
27
9
5
1,12
27
27
21,22
2,3, 5, 8,10-12
28
31
26
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1990 Release Dates for BEA Estimates
Subject
Release
Date*
July
July
July
19
27
30
Composite Indexes of Leading, Coincident, and Lagging Indicators,
June 1990.
State Per Capita Personal Income, 1989 (revised)
Gross National Product, 2d quarter 1990 (preliminary)
Corporate Profits, 2d quarter 1990
Personal Income and Outlays, July 1990
Merchandise Trade (balance of payments basis), 2d quarter 1990
Composite Indexes of Leading, Coincident, and Lagging Indicators,
July 1990.
Aug.
1
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
22
24
24
27
28
29
19
Summary of International Transactions, 2d quarter 1990
Gross National Product, 2d quarter 1990 (final)
Corporate Profits, 2d quarter 1990 (revised)
Personal Income and Outlays, August 1990
Composite Indexes of Leading, Coincident, and Lagging Indicators,
August 1990.
Sept.
Sept.
Sept.
Sept.
Sept.
11
25
25
26
28
Apr.
Apr.
Apr.
27
27
30
State Personal Income, 2d quarter 1990
Gross National Product, 3d quarter 1990 (advance)
Personal Income and Outlays, September 1990
Oct.
Oct.
23
30
31
Jan.
Jan.
Jan.
Jan.
23
26
29
31
Merchandise Trade (balance of payments basis), 4th quarter 1989
Gross National Product, 4th quarter 1989 (preliminary)....,
Feb.
Feb.
27
28
Personal Income and Outlays, January 1990
Composite Indexes of Leading, Coincident, and Lagging Indicators,
January 1990.
Summary of International Transactions, 4th quarter 1989
Gross National Product, 4th quarter 1989 (final)
Corporate Profits, 4th quarter 1989
Personal Income and Outlays, February 1990
Mar.
Mar.
1
2
Mar.
Mar.
Mar.
Mar.
13
28
28
29
Composite Indexes of Leading, Coincident, and Lagging Indicators,
February 1990.
State Personal Income, 4th quarter 1989 and Per Capita Personal
Income, 1989 (preliminary).
Gross National Product, 1st quarter 1990 (advance)
Corporate Profits, 4th quarter 1989 (revised)
Personal Income and Outlays, March 1990
Apr.
3
Apr.
Composite Indexes of Leading, Coincident, and Lagging Indicators,
March 1990.
Metropolitan Area Personal Income, 1988
Gross National Product, 1st quarter 1990 (preliminary)
Corporate Profits, 1st quarter 1990
Merchandise Trade (balance of payments basis), 1st quarter 1990
Personal Income and Outlays, April 1990
Composite Indexes of Leading, Coincident, and Lagging Indicators,
April 1990.
May
2
May
May
May
May
May
May
3
24
24
25
25
30
Summary of International Transactions, 1st quarter 1990
Gross National Product, 1st quarter 1990 (final)
Corporate Profits, 1st quarter 1990 (revised)
Personal Income and Outlays, May 1990
Composite Indexes of Leading, Coincident, and Lagging Indicators,
May 1990.
June
June
June
June
June
12
21
21
22
27
Release
Date*
State Personal Income, 1st quarter 1990
Gross National Product, 2d quarter 1990 (advance)....
Personal Income and Outlays, June 1990
State Personal Income, 3d quarter 1989
Gross National Product, 4th quarter 1989 (advance)
Personal Income and Outlays, December 1989
Composite Indexes of Leading, Coincident, and Lagging Indicators,
December 1989.
* These are target dates and are subject to revision.
Subject
, Oct.
Composite Indexes of Leading, Coincident, and Lagging Indicators,
September 1990.
Merchandise Trade (balance of payments basis), 3d quarter 1990
Gross National Product, 3d quarter 1990 (preliminary)
Corporate Profits, 3d quarter 1990
Personal Income and Outlays, October 1990
Composite Indexes of Leading, Coincident, and Lagging Indicators,
October 1990.
Nov.
2
Nov.
Nov.
Nov.
Nov.
Nov.
27
28
28
29
30
Summary of International Transactions, 3d quarter 1990
Gross National Product, 3d quarter 1990 (final)
Corporate Profits, 3d quarter 1990 (revised)
Personal Income and Outlays, November 1990
Dec.
Dec.
Dec.
Dec.
11
19
19
20
For information, call (202) 523-0777, Bureau of Economic Analysis, US.
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