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JULY 1976 / VOLUME 56 NUMBER
SURVEY OF CURRENT BUSINESS
CONTENTS
THE BUSINESS SITUATION
1
Revisions of the NIPA's
1
Second-Quarter Developments
4
Employment Change by Industry
11
Stole Personal Income (Data)
Capital Expenditures by Business for Air, Water, and
Solid Waste Pollution Abatement, 1975 and Planned 1976
13
14
International Travel and Passenger Fares: 1975
18
George Jaszi/Director
Morris R. Goldman/Deputy Director
U.S. NATIONAL INCOME AND PRODUCT ACCOUNTS,
1973 TO SECOND QUARTER 1976
22
Editorial Board: Jack J. Bame, Donald A. King,
Martin L. Marimont, Stephen K. McNees, Beatrice
N. Vaecara, Charles A. Waite, Allan H. Young
Editor: Dannelet A. Grosvenor
Statistics Editor: Leo V. Barry, Jr.
Graphics Editor: Billy Jo Hurley
Elliot L. Richardson / Secretary
Bureau of Economic Analysis
SURVEY OF CURRENT BUSINESS
Summary Data
1. Gross National Product, Net National
Product, and National Income
22
2. Personal Income and Outlay
32
3. Government Recipts and Expenditures
36
4. Foreign Transactions
43
5. Saving and Investment
6. Product, Income, and Employment by Industry
44
48
7. Implicit Price Deflators and Price Indexes
58
8. Supplementary Tables
64
24
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
>6-l9lfe
U.S. Department of Commerce
S24-S40
@>
Subject Index (Inside Back Cover)
Staff Contributors to This Issue: Carol S. Carson,
John E. Cremeans, Betsy C. Dunlap, Douglas R. Fox,
Etienne H. Miller, Gary L. Rutledge, Frank W.
Segel, Edward I. Steinberg, John T. Woodward,
Government Division, National Income and Wealth
Division
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San Juan, Puerto Rico O0902
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the BUSINESS SITUATION
J.HE revisions of the national income
and product accounts (NIPA's) that
are usually made each July are shown
later in this issue. They cover the period
beginning with the first quarter of 1973,
and incorporate source data that were
not at hand when the comprehensive
benchmark revision of the NIPA's was
completed last January. The preliminary estimates for the second quarter
of 1976 that are reviewed later in the
Business Situation are on the revised
basis.
services. An upward revision of $3.7
billion in the former was due to new
information on consumer truck purchases and used autos, and was largely
offset by a downward revision in
producers' durable equipment. Services
was revised $6.4 billion; $1.4 billion
was in housing, and most of the
remainder in the "other" category.
In the "other" category, a large part
of the upward revision was in medical
services, imputed interest, and recrea-
Table 1.—Gross National Product
1973
Previous
estimate
July
estimate
Previous
estimate
Revision
Revisions of the NIPA's
Significant revisions this July are
confined to a few components of the
income and product flow. The aggregates are affected only moderately, and
the picture of the recent recession and
subsequent recovery is not greatly
changed (chart 1). The significant
revisions are discussed below.
July
estimate
Revision
Previous
estimate
July
estimate
Revision
Billions of current dollars
Gross national product
1,306.3
1,306.6
0.2
1, 406. 9
1,413,2
6.3
1,498.9
1,516.3
17.4
Personal consumption expenditures. _.
808.5
809.9
1.3
885.9
887.5
1.6
963.8
973.2
9.4
Fixed investment
Nonresidential
Residential .
203.0
136.5
66.5
202.1
136.0
66.1
-.9
-.5
-.4
202.5
147.9
54.6
204.3
149.2
55.1
1.8
1.3
.5
197.3
148.5
48.7
198.3
147.1
51.2
1.1
-1.4
2.4
17.5
17.9
.4
9.7
10.7
.9
-14.6
-14.6
.0
7.4
7.1
2
7.7
7.5
-.3
21.3
20.5
-.9
269.9
102.0
168.0
269.5
102.2
167.3
-.4
.2
-.6
301.1
111.7
189.4
303.3
111.6
191.6
2.2
-.1
2.2
331.2
123.2
208.0
339.0
124.4
214.5
7.8
1.2
6.5
Change in business inventories
Net exports. _.
Government purchases of goods and
services _ _. .
Federal
State and local
. _.
t
Gross national product
GNP was revised upward $17.4
billion, or 1.2 percent, in 1975 (table 1).
The revision in 1974, also upward, was
much smaller, and in 1973 it was negligible.
The major 1975 revisions were in
personal consumption expenditures
(PCE), $9.4 billion; State and local
government purchases, $6.5 billion;
and residential investment, $2.4 billion.
The last of these was due largely to new
information on additions and alterations, and transactions in existing
residences. The 1975 revision in State
and local government purchases, and a
smaller one in 1974, was in payrolls
and in purchases from business other
than of structures.
The 1975 revision in PCE was in
motor vehicles and parts, and in
1975
1974
Billions of constant (1972) dollars
Gross national product
1,233.4
1,235.0
1.6
Personal consumption expenditures.. _
766.3
767.7
1.3
Fixed investment
Nonresidential
Residential.
191.4
131.3
60.1
190.7
131.0
59.7
-.7
-.3
-.4
16.0
16.5
.5
Change in business inventories
Net exports
Government purchases of goods and
services _ .
Federal
State and local
1,214.0
3.2
1,186.1
1,191.7
5.6
759.8
759.1
-.7
766.9
770.3
3.5
172.2
127.5
44.7
173.5
128.5
45.0
1.3
1.0
.3
148.8
112.2
36.6
149.8
111.4
38.4
1.0
-.8
1.8
7.7
8.5
.7
-10.5
-12.0
-1.5
23.4
22.6
-.8
257.6
94.3
163. 3
261.0
95.7
165.2
3.4
1.4
2.0
.87
1,210.7
7.2
7.6
.4
16.6
16.5
-.2
252.5
96.1
156.3
252.5
96.6
155.9
.1
.5
-.4
254.3
95.0
159.3
256.4
95.3
161.1
2.1
.3
1.7
Implicit price deflator (Index numbers, 1972=100)
Gross national product
105.92
105.80
-.12
116. 20
116.41
.21
126. 37
127. 25
Personal consumption expenditures...
105.5
105.5
-.0
116.6
116.9
.3
125.7
126. 3
.7
Fixed investment.
NonresidentiaL Residential
106.0
104.0
110.6
106.0
103.8
110.8
-.1
-.2
.2
11". 6
116.0
122.1
117.7
116.1
122.3
.1
.1
.2
132.6
132.3
133.3
132.4
132.1
133.2
-.2
-.3
-.1
106.9
106.1
107.5
106.7
105.8
107.3
-.2
118.4
117.6
118.9
118.3
117.1
119.0
-.1
-.5
.1
128.6
130.6
127 A
129.9
130.0
129.8
1.3
-.7
2.4
Change in business inventories
Net exports
Government purchases of goods and
services
Federal
State and local
-!i
SUKVEY OF CURRENT BUSINESS
tion. Revisions in medical services also
affected the estimates for 1974 and
CHART 1
1973, but to a much smaller extent
than in 1975.
Gross National Product, Real Gross
The 1975 upward revision in real
National Product, and Implicit Price
GNP, which is shown in the second
Deflator
panel of table 1, amounted to 0.5
percent, as compared with the 1.2
Billion $
1,700
percent revision in current-dollar GNP.
GNP LEVELS
The difference reflects a 0.7 percent
1,600
July Estimate
revision in the implicit price deflator,
shown in the third panel of the table.
1,500
The revision in the deflator is traceable
in large part to the used car margin and
1,400
to the "other" services components—
1,300
particularly medical services and personal business services—of PCE. The
1,200
remainder of the upward revision in
the GNP deflator was in State and
100
CHANGES
July Estimate
local government purchases, and was
Previous Estimate •
due to a larger increase in average
50
\
employee compensation than had been
0
estimated earlier.
The pattern of the revisions in the
-50
components of real GNP was similar to
that in the current-dollar GNP comI I i I
I I I i i I I l I
-100
ponents. However, there are two excepBillion (1972) $
tions to this statement. In 1975, there
1,300
REAL GNP LEVELS
was a revision in the constant-dollar
change in business inventories that had
1,200
no counterpart in the current-dollar
l i l t
1,100
estimates. It was largely due to the use
of a more detailed procedure for converting inventories into real terms. In
1974, constant-dollar PCE was revised
downward, in contrast to the upward
revision in the current-dollar estimate,
as upward revisions in prices—largely
Seasonally Adjusted at,Annual Rates
in "other" services—more than offset
revisions in current dollars.
The revisions did not significantly
affect the picture of the last business
cycle. Small differences can be noted,
although they are within the margin of
error of the estimates. The decline in
real GNP is about the same in the new
as in the old estimates: The reduction in
inventory investment appears to have
been a shade larger, but final sales
held up a little better. The subsequent
recovery was also about the same: The
increase in PCE wae a little stronger,
but nonresidential fixed investment was
a little weaker.
Charges against GNP
Charges against GNP—the costs
incurred and profits earned in the production of GNP—is shown in table 2.
There were more large revisions in the
charges components than in the GNP
components.
Compensation of employees was
raised $7.3 billion in 1975. A revision in
wages and salaries accounted for $5.0
billion of this total, and reflected mainly
earnings in employment covered by
State unemployment insurance systems.
Revisions were made also in earnings
in noncovered employment, including
State and local government payrolls.
The revisions relating to noncovered
employment also affected the estimates
for 1974. A $2.3 billion revision in supplements to wages and salaries in 1975
was in employer contributions for social
Table 2.—Charges Against Gross National Product
Index 1972=100
140
IMPLICIT PRICE DEFLATOR LEVELS
[Billions of dollars]
130
1975
1974
1973
Previous July
Previous July
Previous July
estimate estimate Revision estimate estimate Revision estimate estimate
120
110
100
July 1976
I
I
I
I
I
I
I
I
I I I I
Charges against gross national
product
C ompensation of employees _ _
Proprietors' income
Percentage points
4.0 ~
Rental income of persons
Corporate profits with inventory
valuation and capital consumption
adj ustments
1973
'
'
1975
Seasonally Adjusted
1974
U.S. Department of Commerce, Bureau of Economic Analysis
1976
Net interest
Capital consumption allowances with
capital consumption adjustment
Other charges (excluding statistical
discrepancy)
Statistical discrepancy
1,306.3
797.7
91.7
1,306.6
799.2
92.4
0.2
1.4
.7
1,406.9
1,413.2
6.3
1,498.9
1,516.3
17.4
873.0
875.8
2.8
921.4
928.8
7.3
86.9
1.8
83.3
90.2
6.8
.1
21.1
22.4
1.3
100.3
91.6
-8.7
-7.0
85.1
21.3
21.6
.2
21.0
21.0
100.2
99.1
-1.1
91.3
84.8
56.3
52.3
117.1
117.7
121.7
121.7
.4
2.6
Revision
-6.4
70.7
67.1
-3.6
81.6
74.6
.6
134.0
137.7
3.7
152.0
161.4
.0
132.4
133.1
.7
141.6
143.0
1.3
4.4
7.0
-3.9
2.3
-.6
6.6
7.2
-2.6
9.4
SUEVEY OF CURRENT BUSINESS
July 1 7
96
Table 3.—Corporate Profits
[Billions of dollars]
1974
1973
1975
Previous
estimate
Revision
Previous
estimate
July
estimate
Revision
Previous
estimate
July
estimate
Revision
117.0
Profits before tax
July
estimate
115.8
-1.2
132.1
127.6
-4.5
116.8
114.5
-2.2
-1.2
-.1
.5
-.2
.2
.5
-.5
17.3
114.9
58.7
9.3
8.2
41.1
56.1
14.1
113.5
58.7
10.7
10.2
37.9
54.7
-3.1
-1.4
.0
1.3
2.0
-3.2
-1.4
16.2
100.6
50.6
6.5
5.0
39.1
50.0
12.9
101.7
52.1
9.5
7.0
35.6
49.6
-3.3
1.1
1.4
3.0
2.0
-3.5
-.4
.1
-40.8
-42.8
-2.0
-16.5
-22.9
-6.4
91.3
84.8
-6.4
100.3
91.6
-8.7
17.4
99.6
53.8
5.7
5.5
42.5
45.8
16.2
99.5
54.2
5.5
5.8
43.0
45.3
-16.8
-16.7
100.2
99.1
Profits tax liability
48.2
48.7
.5
52.6
52.4
-.2
45.6
49.2
3.7
Profits after tax with IVA and CCAdj
Dividends
Undistributed profits with IVA and
CCAdj
- --
51.9
27.8
50.4
27.8
— 1.5
-.0
38.7
31.1
32.4
30.8
-6.3
-.3
54.7
32.8
42.4
32.1
-12.3
-.7
24.1
22.6
-1.5
7.6
1.7
-5.9
21.9
10.3
-11.6
Financial corporations .
..
Nonfinancial corporations
Manufacturing
Petroleum
Metals primary and fabricated
Other manufacturing
Other nonfinancial corporations
- --
IVA and CCAdj
Corporate profits with IVA and CCAdj
-1.1
NOTE.—IVA is inventory valuation adjustment and CCAdj. is capital consumption adjustment.
insurance and to private health insurance funds. Revisions in employer contributions to the latter funds also raised
the estimates for 1974 and 1973.
Proprietors' income with inventory
valuation and capital consumption adjustments was raised $6.8 billion in
1975. Most of the revision was in the
nonfarm component, particularly in
trade and mining. A similar industrial
pattern underlay a much smaller revision of proprietors' income in 1974.
The corporate profits component of
national income was revised downward
$8.7 billion in 1975. Corporate profits
in this context are measured before tax
and after adjustments to handle consistently the service lives and depreciation formulas for fixed capital used up
up in production, and to value both
fixed capital and inventories used up at
replacement cost. As shown in table 3,
$2.2 billion of the revision was in unadjusted before-tax profits. Before-tax
profits of financial corporations was reduced $3.3 billion. There were large
upward revisions in the unadjusted
before-tax profits of petroleum refiners
and metal producers; profits in all other
manufacturing industries were reduced.
The industrial pattern of the 1974 revisions was similar. The remainder of the
revision was mainly in the capital consumption adjustment, and was due in
large part to "startup" problems in estimating this item, which was first introduced as a part of the recent benchmark
revision.
Profits tax liability was revised
upward $3.7 billion in 1975. This
revision reflected the use of company
reports on provisions for taxes. In the
previously published estimates, the
effective tax rate for 1974 had been
used to estimate 1975 tax liability.
This procedure has many limitations—
most important, it cannot take into
account changes in corporate deficits.
Reflecting the several revisions mentioned, after tax profits with inventory
valuation and capital consumption adjustments was reduced $12.3 billion
in 1975, and $6.3 billion in 1974.
With only minor revisions in dividends,
undistributed profits with inventory
valuation and capital consumption adjustments was reduced by similar
amounts. In the light of these revisions,
the recent course of before- and aftertax and undistributed profits is seen
to have been even less favorable than
appeared in the previous estimates.
Net interest was revised downward
$7.0 billion in 1975, and by large
amounts also in 1974 and 1973 (table
2). When all of the source data are
available, this item is estimated by
calculating interest paid less interest
received, both monetary and imputed,
in considerable legal form detail. In
the past, much of the requisite information became available only with a lag
of 3 years; in the meantime, preliminary
procedures were used that are unreliable
if the structures of interest rates and
debt change rapidly, as they did in
the 1973-75 period. Substantial progress
has been made in obtaining the source
data more quickly, and work is underway to increase the reliability of the
preliminary procedures.
Capital consumption allowances with
capital consumption adjustment was
revised upward $9.4 billion in 1975
and by smaller amounts in 1973 and
1974. About half of this revision W.LS
explained in connection with the corporate capital consumption adjustment.
The remainder was largely due to new
information on tax-return based capital
consumption for 1974 and its extrapolation into 1975.
The net revision in charges against
GNP differed from the net revision in
GNP, and accordingly, the statistical
discrepancy changed. In each year
affected by the July revisions, it now
shows an excess of GNP estimated
from the product side over GNP
estimated from the charges side.
Personal and government
transactions
Many of the revisions discussed so
far carry through into personal income
and outlay (table 4 and chart 2). As
a result, there was a downward revision in the personal saving rate from
8.3 to 7.8 percent in 1975. Annual
CHART 2
Personal Income
Billion $
1400
LEVELS
1300
July Estimate
1200
1100
1000
1973
1974
1975
1976
Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
76-7-2
SUEVEY OF CUEUENT BUSINESS
Table 4.—Personal Income, Outlay, and Saving
[Billions of dollars]
1974
1973
Previous
estimate
Personal income
July
estimate
1, 054. 3
1, 052. 4
1975
Revision
Previous
estimate
July
estimate
Revision
Previous
estimate
July
estimate
-1.8
1, 154. 7
1, 153. 3
-1.4
1, 245. 9
1, 249. 7
3.8
-.4
Revision
Less: Personal tax and nontax payments .
151.2
150.8
-.4
171.2
170.4
-.8
169.2
168.8
Equals: Disposable personal income..
903.1
901.7
-1.4
983.6
982.9
-.6
1,076.7
1,080.9
4.2
Less* Personal outlays
830.4
831.3
.9
909.5
910.7
1.2
987.8
996.9
9.1
72.7
70.3
-2.3
74.0
72.2
—1.8
88.9
84.0
—4.9
8.0
7.8
-.2
7.5
7.3
-.2
8.3
7.8
—.5
Equals* Personal saving
Personal saving rate (percent)
downward revisions were smaller in
the earlier years, although some of the
quarterly revisions were large.
Another revision with interesting
implications is the increased State and
local government deficit. Largely reflecting the upward revision in State
and local purchases, the surplus was
reduced $2.9 billion in 1975 (table 5).
The surplus of social insurance funds
was revised upward $0.9 billion, and
the downward revision in the surplus
of regular operating funds was $3.9
billion. This was not much different
from the revision in the Federal deficit
also shown in the table, but taking
into account the relative size of the
two balances, the change in the picture
of the fiscal position of State and local
government that emerges is much more
significant.
Second-Quarter Developments
The increase in real GNP in the
second quarter was about half that in
the first—4% percent at an annual rate
as compared with 9 percent. The deceleration was traceable to inventories.
Inventory investment in the second
quarter was at about the same rate as
in the first, and so did not contribute
to the increase in real GNP. In contrast, there had been a large swing in
inventory investment from liquidation
in the fourth quarter to accumulation
in the first; this swing was the principal
factor in the unusually large firstquarter increase in GNP (table 6 and
chart 3).
Final sales increased at about the
same rate as GNP and one percentage
point more than they had increased in
the first quarter. PCE increased much
less in the second quarter than in the
first—about 4 percent at an annual rate
as compared with 9 percent. A substantial deceleration was to be expected,
mainly because of the unsustainability
of the large first-quarter increase in
PCE for autos. The major offset to the
deceleration of PCE was in net exports.
Government purchases was a secondary
factor offsetting PCE. These purchases
increased a little in the second quarter
after a comparable drop in the first.
After slowing from a 7 percent annual
rate in the second half of 1975 to 3
percent in the first quarter, inflation as
measured by the GNP implicit price
deflator increased to 4% percent in the
second quarter. A decrease in consumer
prices for food and energy had been
the major factor in the abnormally low
first-quarter rate. Month-to-month increases in these prices began in the
second quarter, and on a quarterly basis
more than accounted for the step-up in
overall inflation.
Employment and unemployment.—Employment increased somewhat less in the
second quarter than in the first; this
July 1976
holds for both the household and establishment surveys. On a monthly
basis, more deceleration is visible.
According to the household survey,
the May increase in employment was
less than the April increase, and employment in June was down. A similar
pattern appears in the establishment
survey if allowance is made for strikes.
This year's pronounced decline in the
unemployment rate was interrupted in
June. In that month, the seasonally
adjusted rate increased from 7.3 to
7.5 percent. This increase has been
attributed by some faulty seasonal
adjustment factors. It is difficult to
accept this view, because all of the unemployment rates calculated by the
Bureau of Labor Statistics that are
based on the alternative seasonal adjustment procedures that have most
frequently been advocated show an
increase from May to June. However,
it is difficult to separate seasonal from
cyclical variations, and the large cyclical
variations that occurred in recent years
have aggravated the problem. In these
circumstances, it is quite possible that
no seasonal adjustment procedure has
been fully successful.
Output-hours-compensation relationships.—Recent changes in output per
hour, compensation per hour, and unit
labor cost are shown in table 7. The
table differs in two ways from earlier
presentations of this material. First,
gross product originating in housing
has been excluded so that the new table
covers the business economy other than
farm and housing. The reason for excluding gross product originating in
housing is that labor services do not
contribute significantly to it. Second,
a change was made in the treatment of
Table 5.—Government Receipts, Expenditures, and Surplus or Deficit
[Billions of dollars]
1974
1973
Previous July
estimate estimate
Re- Previous July
vision estimate estimate
1975
ReRe- Previous July
vision estimate estimate vision
Federal:
Receipts
Expenditures
_ - Surplus or deficit (— ), national
income and product accounts
257.9
264.8
258.3
265.0
0.4
.2
288.4
300.1
288.2
299.7
-0.2
-.4
282.3
356.9
286.5
357.8
4.2
.9
-6.9
-6.7
.2
-11.7
-11.5
.2
-74.6
-71.2
3.4
State and local:
Receipts
Expenditures
- Surplus or deficit (— ), national
income and product accounts
193.8
180.9
193.5
180.5
-.3
-.4
209.4
201.3
210.2
203.0
.8
1.7
232.4
222.6
234.3
227.5
2.0
4.9
12.9
13.0
.1
8.1
7.3
-.8
9.8
6.9
-2.9
STJKVEY OF CURRENT BUSINESS
July 1976
Table 6.—Gross National Product in Current and Constant Dollars
[Seasonally adjusted at annual rates]
CHART 3
Current dollars
Constant (1972) dollars
1976
1975
III
Gross national product
Final sales
Change in business inventories..
Less: Rest-of-the-world product..
I
IV
1975
II
III
1976
IV
I
1975
II
IV
Billion (1972) $
40
GROSS NATIONAL PRODUCT
1976
I
II
1,548.7 1,588.2 1,636.2 1,673.0 1,209.3 1,219.2 1,246.3 1,259.7
3.3
9.2
4.4
1, 550. 6 1, 592. 5 1, 621. 4 1, 659. 7 1, 210. 2 1, 224. 7 1, 235. 9 1, 250. 2
5.5
3.7
4.7
-2.0
11.3
-4.3
14.8
13.3
11.1
13.0
10.5
-1.0
5.3
Real Product:
Changes From Preceding Quarter
Percent change
from preceding
quarter (annual
rate)
Billions of dollars
-5.5
5.1
10.4
5.9
30
20
10
9.5
4.8 -11.3
Equals: Gross domestic product. _ 1,537.4 1,577.1 1,623.2 1,662.5 1,204.0 1,214.1 1,240.4 1,254.9
3.4
77.3 -57.6
9.0
0
4.8
„ I
-10
-20
the ' 'residua?'—the constant-dollar
counterpart of the statistical discrepancy—in deriving the estimate of
output. Hitherto, nonfarm business
output was derived by deducting from
GNP the output originating in the rest
of the world, in households and institutions, in government, and in farming.
In other words, the residual was considered to be a part of nonfarm business
output. According to the new procedure,
the residual is deducted as well. The
new procedure is preferable, because
the previous procedure implied incorrectly that the residual arises in the
estimation of nonfarm business output;
actually a part of the residual may arise
in the estimation of farm output. More
generally, calculation of nonfarm business output from the income side—
that is, excluding the residual—is
preferable, because compensation is a
large part of output calculated from the
income side. Therefore, a measure of
total output calculated from the income
side is likely to be more consistent with
compensation and the associated hours
Table 7.—Output and Compensation Per
Hour, and Unit Labor Cost in the Business
Economy Other than Farm and Housing
[Percent change from preceding quarter, seasonally adjusted
at annual rates]
1975
IV
Output per hour
1976
I
Prices
II
—2 4
58
50
Compensation per hour
6.4
9.1
9.5
Unit labor cost
89
31
4 3
measures than is a a measure of output
that is calculated from the product side.
The new procedure introduces a
difficulty into the estimation of the
current quarter—in the present review,
the second quarter of 1976. Estimates
of corporate profits are not available
for that quarter at the time the preliminary estimates are made, and
consequently the residual is not known.
To fill this gap, the previous quarter's
residual will be held constant in
calculating the preliminary estimates
of nonfarm business output for inclusion in this table and in table 15.
The most interesting feature shown
by the table is that the increase in
output per hour—5 percent at an annual
rate—was only a little less than in the
first quarter. Real output in business
other than farm and housing was up
about 5% percent, as compared with
10% percent in the first quarter.
Given this deceleration, the strong
performance of productivity is traceable
to the fact that aggregate hours worked
in this segment of business were up
only minimally. Compensation per hour
continued to increase at more than 9
percent. Unit labor cost in the second
quarter increased about 4% percent
as compared with 3 percent in the
first quarter.
Table 8 shows implicit price deflators
for GNP and two related aggregates—
final sales, and final sales less exports
plus imports—and component product
-30
-40
30
CHANGE IN BUSINESS INVENTORIES
h
20
10
1
0
F
-10
-20
20 PERSONAL CONSUMPTION EXPENDITURES
10
0
1.
-f
-10
-20
-
. .lull
" \
10 FIXED INVESTMENT
Motor Vehicles
Residential
•I
0
I Total
-10
-20
10
NET EXPORTS
0 • •••I
-10
10
0
•••
r
1
1
1
_
1
1
1
1
1
i
i
.
t
i
i
GOVERNMENT PURCHASES
I
-10
1973
1974
1975
1976
Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
76-7-3
SUEVEY OF CUREENT BUSINESS
Table 8.—Implicit Price Deflators
July 1976
deflator for final sales, because the increase in the deflator for exports, which
in effect is removed in going from final
Percent change from preceding
Index numbers (1972=100)
quarter (annual rate)
sales to final sales to U.S. purchasers,
was smaller than the increase in the
1975
1975
1976
1976
deflator for imports, which in effect is
I
I
IV
IV
III
I
II
III
II
II
II
added. In the second quarter, the relation between the exports deflator and
4.7
7.1 3.2
Gross national product
124.55 125.93 128.07 130.27 131.29 132.81 4.5 7.0
the imports deflator reversed, that is,
Less : Change in business inventories
the increase in the exports deflator ex4.9
6.2
6.1 3.6
6.4
Equals: Final sales
124.3 126.2 128.1 130.0 131.2 132.8
ceeded that in the imports deflator.
7.4
2.3
163.4 163.0 163.4 163.7 164.6 167.6 -1.1
.9
.8
Less: Exports
Consequently, the percentage increase
4.1
1.8
1.6
Plus: Imports
188.9 186.9 186.6 187.3 189.2 190.0 -4.0 -.8
in the deflator for final sales to U.S.
4.4
4.7
6.6
6.4
Equals: Final sales less exports plus imports . 125.1 126.7 128.8 130.8 132.3 133.7
5.3
purchasers was less than that in the
4.0
3.9
Personal consumption expenditures
4.8
7.3 5.6
123.7 125.1 127.3 129.1 130.3 131.6
1.2
deflator for final sales. The quarterly
141.1 141.6
2.7 -1.7
Food..
.
1.8 10.0
136.8 137.5 140.8 141.7
-.2
Energy 1
9.8 -6.6
146.6 149.8 158.9 162.7 160.0 159.9
9.1 26.6
differences in the increases in the exOther personal consumption expendi5.4
tures .
5.2
6.4
6.6
118.0 119.6 121.1 123.0 125.0 126.6
5.3
ports and imports deflators were suffi5.1
Other -.
.
6.2
7.7
6.3
127.8 129.8 131.5 134.0 136.0 137.7
5.3
ciently large to produce a deceleration
Nonresidential structures
1.8
3.6
3.1
141.6 141.5 141.4 142.0 143.3 144.4 -.2 -.5
4.0
8.1
6.1
Producers' durable equipment
123.5 127.1 128.3 130.8 132.8 134.1 12.2
4.0
in the deflator for final sales to U.S.
2.0
9.5
5.9
Residential
131.5 132.1 132.8 135.9 139.0 141.0
9.8
2.0
6.2
8.2
5.4
Government purchases
6.9
126.7 128.6 130.8 133.4 135.4 137.2
6.3
purchasers.
As can be seen from the table, the
1. Gasoline and oil, fuel oil and coal, electricity, and gas.
deflators for most components of final
sales to U.S. purchasers contributed to
flows. The relations among the deflators deflator, and about the same from the the deceleration. The exceptions were
for these aggregates are technical, first to the second, so that its accel- the deflators for food and for energy
and therefore are seldom explained. In eration was smaller.
products. Both of these deflators had
recent quarters, shifts in inventories,
In contrast to the final sales deflator, dropped in the first quarter. Based on
exports, and imports, and their prices, the deflator for final sales less exports information that is not yet complete,
make it worthwhile to attempt an plus imports—that is, final sales to the deflator for food increased in the
explanation.
U.S. purchasers—decelerated from the second quarter, and the energy deThe deflator for GNP accelerated first quarter to the second, from 4.7 to flator showed little change.
from a 3.2 percent annual rate in the 4.4 percent at an annual rate. In the
The second-quarter increase in food
first quarter to 4.7 percent in the first quarter, the percentage increase in prices was limited by unexpected develsecond. The corresponding acceleration the deflator for final sales to U.S. pur- opments in the wholesale market for
in the deflator for final sales (GNP less chasers was larger than that in the beef. After a short runup, wholesale
change in business inventories) was
somewhat less—from 3.6 percent to
Table 9.—Personal Consumption Expenditures in Current and Constant Dollars
4.9 percent. The effect of the change in
[Seasonally adjusted at annual rates]
business inventories (CBI) in the fourth
Current dollars
Constant (1972) dollars
quarter, when it was lower priced relative to the 1972 valuation period than
Percent change from
preceding quarter
Billions of dollars
the average of other GNP prices and
(annual rate)
when it was negative, was to raise the
1975
1975
1976
1975
1976
1976
GNP deflator substantially relative to
the deflator for final sales. In the
IV
III
IV
I
II
I
II
IV
I
11
III
first quarter, when the CBI was a little
higher priced and positive, its effect on
Personal consumption expenditures
987.3 1,012.0 1,043.6 1,064.6
800.7
808.7
4.1
775.3 783.9
4.5
8.8
the spread between the two deflators
Durables
136.0
141.8
151.4
115.1
118.0
124.6
154.1
124.3
10.4
1.0
23.2
was in the same direction but smaller.
Motor vehicles and
In the second quarter, when the CBI
parts
59.2
68.0
69.7
47.2
48.2
-.5
54.7
66.1
56.3
54.8
9.6
Other durables.
83.4
84.4
2.2
79.7
82.6
68.0
69.7
69.5
69.9
-1.2
10.9
was priced like in the first quarter and
Nondurables
421.6
429.1 434.8 306.8
3.9
414.6
309.5 314.6
317.7
3.5
6.8
was a positive amount of similar magniFood
215.2
219.2
222.5
9.5
4.8
150.4
157.2
211.8
151.9
3.9
155.3
Energy 1
tude, its effect on the spread between
50.1
51.2
4.7
29.4
30.4
30.8
24.3
50.0
51.3
28.8
-7.0
Other nondurables
2.6
156.3
158.5
127.1
129.7
.0
152.9
161.1
128.8
128.8
5.6
the two deflators was about the same as
Services
6.2
448.6 463.2
475.6
356.4
366.5
5.3
436.7
353.4
3.5
361.8
in the first quarter. Accordingly, the
-8.6
Energy 2
20.6
17.8
20.2
21.0
29.5
29.6
31.0
30.9
20.7
-8.6
6.2
Other services
percentage increase in the deflator for
5.5
407.2 419.0 432.2 444.8 332.7 336.2 340.7 345.9
4.3
final sales from the fourth quarter to the
1. Gasoline and oil, and fuel oil and coal.
first was larger than that in the GNP
2. Electricity and gas.
[Seasonally adjusted]
July 1976
beef prices declined, mainly because
unfavorable cost-price relationships led
to increased slaughter. The prospect for
beef prices is uncertain.
This year's grain crops appear better
than they had earlier in the year.
However, as a result of unfavorable
weather conditions abroad, foreign demand is also likely to be higher than
expected earlier. The Department of
Agriculture has not changed its forecast
of the year-to-year increase in food
prices. This suggests that, on balance,
the changes in the supply and demand
for grain will not greatly affect the
increases in food prices implied for the
rest of the year.
The outlook for energy prices has
been affected by the freeze on domestic
crude oil prices recently imposed by the
Federal Energy Administration. It appears that this freeze was imposed
because an unexpected production mix
of low priced "old" oil and high priced
"new" oil had resulted in a higher than
planned average oil price in February
and March. Ceiling prices of old and
new oil have been frozen at their June
levels, and the freeze is expected to
continue for several months. Consequently, gasoline prices and oil prices
paid by final users, which have been
increasing in recent months, are likely
to be more stable in the short run. The
longer run outlook for prices of oil
products has become more uncertain
because of several factors, including the
upcoming routine review of oil price
ceilings in the light of changes in the
actual and prospective rate of overall
inflation, and the possibility of changes
in the basic decontrol legislation.
SUEVEY OF CUERENT BUSINESS
rate, as compared with about 9 percent expected, and the smaller increase in
in the first quarter. Motor vehicles, PCE that materialized in the second
food, and energy goods and services quarter is not really surprising.
had made an extraordinary contribuRecently a rekindling of inflationary
tion to the total increase in the first tendencies has been cited to explain the
quarter. The remainder of the increase poorer performance of PCE in the
had been in services other than energy; second quarter. Inasmuch as prices
goods other than motor vehicles, food, actually paid by consumers have conand energy had been at a standstill. tinued to be fairly stable, we are dealing
As discussed in the April issue of the with an expectational hypothesis—and
SURVEY, a deceleration in motor hypotheses of this kind are difficult to
vehicles, food, and energy was to be prove or disprove. In another attempt
CHART 4
Real Personal Consumption Expenditures and Its Components
First Quarter 1976
(Percent change from preceding quarter)
72
Motor Vehicles and Parts
64
56
48
40
32
24
^ Energy*
16
Food
TOTAL
Other PCE
Personal outlays, income^ and saving
Recent changes in PCE are shown in
table 9 and chart 4. The chart shows
percentage changes in total real PCE
on the left side, and percentage changes
in PCE components on the right side.
The area covered by the components'
bars is approximately equal to the area
that depicts the changes in total PCE;
consequently, the contribution of the
several PCE components to the change
in total PCE can be read from the
chart. In the second quarter, PCE
increased about 4 percent at an annual
Second Quarter 1976
-8
_L
_L
I
I
100
0
Percent Distribution
_L
J_
JL
100
Seasonally Adjusted at Annual Rates
* Gasoline and oil, fuel oil and coal, electricity and gas.
NOTE.-The area of the bar of each component is approximately proportionate to that component's contribution to the percentage change in total PCE.
U.S. Department of Commerce, Bureau of Economic Analysis
76-7.4
SUEVEY OF CUREENT BUSINESS
8
to analyze consumer behavior, some
have focused on retail sales in June,
and have concluded that PCE has
resumed its vigorous growth. Although
it is quite reasonable to project a
resumption of such growth, it should
be noted that it is not yet visible in the
information now available. What is
suggested by this information is that
consumer spending has moved up
toward its peak in April without,
however, reaching it.
Autos.—Table 10 shows auto output,
a large part of which is sold to consumers. Several observations are suggested. (1) Eeal final sales of new
autos increased more than unit sales,
Table 10.—Auto Output
[Seasonally adjusted]
1975
IV
1976
I
II
Billions of current
dollars at annual
rates
Auto output
Final sales
PCE
New
Used, net
PDE
New
Used, net
Net exports
Exports
Imports. .
Government purchases
Change in business inventories
51.0
.
61.2
63.5
51.8
45.1
32.6
12.4
8.1
14.0
-5.9
-1.9
6.2
8.2
.5
-.8
59.7
52.6
39.4
13.2
9.4
15.4
-6.0
-2.8
6.1
8.9
.6
1.5
61.1
54.2
40.0
14.3
8.7
15.7
-7.0
-2.3
6.5
8.8
.5
2.3
Billions of 1972 dollars at annual
rates
Auto output.
Final sales
PCE
New
Used, net
PDE
New
Used, net
Net exports Exports
Imports
Government purchases.
Change in business inventories. ..
42.6
50.4
51.2
43.4
36.1
27.6
8.5
7.5
11.8
-4.3
-.6
5.2
5.8
.4
-.8
49.5
41.7
32.7
9.0
8.4
12.7
-4.3
-1.1
5.1
6.2
.5
.9
49.5
41.6
33.0
8.6
8.3
12.9
-4.6
-.8
5.4
6.3
.5
1.7
because of a shift toward relatively
high priced models. (2) the CBI of
autos was small recently, indicating
that production was matched by sales.
The inventory-sales ratio for new cars
had declined from the fourth quarter
to the first as sales increased sharply
and tended to stabilize thereafter along
with sales. At 2.1, it corresponds to
about 2 months' supply, which is
generally considered normal. However,
the composition of the stock is not
balanced. It appears that there are
excess stocks of small models and
inadequate stocks of many of the
faster-selling large models. (3) Used
auto sales did less well than new auto
sales in both the first and second
quarters.
The table shows that net consumer
purchases of used autos is larger than
net business sales. The difference is
accounted for by dealers' margins,
which are paid by consumers. This
helps explain a puzzling feature of the
implicit price deflators shown in the
third panel of the table—the deflator
for PCE for autos increases from the
first quarter to the second, whereas
the corresponding deflator for producers' durable equipment (PDE) decreases over the same period. This
divergent movement is traceable in
part to unit margins, which increased
over the period shown in the table
because increases in unit margins are
counted as price increases. Another
part of the explanation is that in
calculating PDE for autos, sales of
used autos are deducted; accordingly,
Auto output
Addenda:
Retail sales, new passenger cars (million units, at annual rates)
Inventory-sales ratio, new cars
119.8
121.5
[Seasonally adjusted at annual rates]
120.6
126.0
120.4
110.8
120.5
104.5
121.2
119.0
139.9
120.7
9.1
2.3
119.2
143.1
122.0
10.2
2.0
119.6
141.2
118.4
10.2
2.1
Percent change from
preceding quarter
(annual rate)
Billions of dollars
123.4
130.4
121.2
108.3
118.1
Constant (1972) dollars
Current dollars
124.0
119.2
124.8
118.1
a price increase for used autos contributed to the reduction of the deflator
for new and used autos combined.
Personal income increased about $30
billion at an annual rate in the second
quarter, only a little less than in the
first. Wage and salary disbursements
increased substantially less, $19 billion
as compared with $25 billion. The $6
billion deceleration was spread across
all major industry groups except
government and government enterprises—the commodity-producing, distributive, and service industries each
contributed about $2 billion. Within
the second quarter, deceleration became
apparent in the commodity-producing
and distributive industries in May. In
June, payrolls in the distributive industries declined and were about flat
in the commodity-producing and service
industries. The monthly pattern was
partly due to strikes, but a general
decline in average hours worked was
also important, especially in June.
Farm proprietors' income did better
in the second quarter than in the first.
Eeflecting the course of farm prices,
farm proprietors' income had dropped
$6% billion at an annual rate in the
first quarter, but increased $5% billion
in the second. Transfer payments were
the third category of personal income
that showed a significant change in
pace. They declined about $1 billion in
the second quarter after an increase of
$6 billion in the first. First-quarter
transfer payments had been inflated by
the speed-up of veterans life insurance
dividends and by payments under the
Table 11.—Fixed Investment in Current and Constant Dollars
Implicit price deflators, index numbers, 1972=100
Final sales PCE
New
Used, net
PDE
New
Used, net
Net exports
_
Exports
Imports
Government purchases. . . .
Change in business inventories
July 1976
1975
III
IV
I
II
Fixed investment -
198.6
205.7
214.7
223.0
Nonresidential
Structures
146.1
51.8
148.7
52.1
153.4
53.2
158.5
55.3
Producers' durable equipment
Autos, trucks, and
buses
Other
Residential
1976
1975
1976
1976
1975
IV
I
149.7
152.5
156.7
161.0
7.6
11.6
11.4
110.1
36.6
110.5
36.7
112.6
37.1
115.2
38.3
1.4
.7
7.7
4.7
9.7
13.9
III
II
IV
I
II
94.3
96.6
100.2
103.1
73.5
73.8
75.5
76.9
1.8
9.3
7.6
20.0
74.4
19.2
77.4
21.4
78.8
21.6
81.5
17.3
56.2
16.2
57.7
17.6
57.9
18.1
58.8
-24.7
11.3
40.8
1.5
11.2
6.5
52.6
57.0
61.3
64.5
39.6
41.9
44.1
45.8
26.1
22.3
15.8
July 1976
earned income credit provisions of the
Tax Reduction Act of 1975. In the
second quarter, they were reduced as
unemployment insurance benefit payments dropped.
Personal taxes increased more in the
second quarter than in the first.
First-quarter payments had been held
down by the earned income and housing
credits, which reduced net final settlements. Disposable personal income
increased $24 billion, at an annual
rate, somewhat less than in the first
quarter. With an increase in personal
outlays of about $21% billion, personal saving was up. The saving rate
showed little change.
Investment
Real nonresidential fixed investment
continued to increase in the second
quarter, 7% percent at an annual rate
after 8 percent in the first (table 11).
The increase in PDE was less concentrated in motor vehicles than it had
been in the first quarter, and the
recovery in investment in structures
continued to progress. The information
for the second quarter is quite incomplete. June Census data on shipments of machinery and equipment and
on construction are lacking, and the
information from the BEA plant and
equipment survey, which is also used
in preparing the estimates, refers to
plans rather than realizations. A substantial judgmental adjustment for a
probable shortfall of realizations from
plans was made.
Future-oriented information seems
to indicate the continuation of moderate recovery this year. This information
includes the recent plant and equipment survey, which was reviewed in
the last issue of the SURVEY, the
Conference Board capital appropriations series, and data on contracts and
orders. April and May data on new
orders for nondefense capital goods
indicate some improvement. On the
other hand, the constant-dollar series
on contracts and orders for plant and
equipment has remained stationary.
Residential investment.—Real residential investment continued to increase in
the second quarter, but at* a slower
pace—about 16 percent at an annual
rate—than in earlier quarters of its
215-400 O - 76 - 2
SURVEY OF CURRENT BUSINESS
recovery. As can be seen from chart 5,
the upward movement of single-family
housing starts has been much less pronounced recently, if allowance for erratic
movements in these starts is made. The
increase in multifamily starts has been
quite limited, and there is no firm evidence that the difficulties that have
hampered their recovery have been resolved. Mobile home shipments, which
are also included in the chart, have
shown some increase from their lows
last spring, but no clear uptrend has
been established.
Inventories.—Information that is still
incomplete suggests that real inventory
investment was at about the same
rate in the second quarter as in the
first (see table 6). Even allowing for
a sizable revision in these estimates, it
is certain that the contribution of
inventory investment to the change in
real GNP was much less in the second
quarter than in the first, when inventory
investment had accounted for threefifths of the increase in real GNP.
The industrial composition of inventory investment seems to have been
different in the two quarters. Farm
inventories were liquidated in the
second quarter, after accumulation in
the first. In manufacturing as a whole,
inventories were accumulated at a
substantial rate in the second quarter;
there had been little change in these
inventories in the first quarter. The
shift was in durables manufacturing,
where a pervasive pattern of substantial
liquidation in the first quarter was
followed by smaller liquidation or
accumulation in the second. In nondurables manufacturing, there was accumulation in both quarters. In wholesale trade, durable and nondurable
inventories followed a pattern roughly
similar to that of durable and nondurable inventories in manufacturing.
CHART 5
Housing Starts and Mobile Home Shipments
Millions of units
3.5
3.0
2.5
2.0
1.5
1.0
Mobile Home Shipments
nl I I I l I I I I i i i I i i I i I I l i i i i I i i i i i I I i i i i I i i i i i I i i i i
1972
1973
U.S. Department of Commerce, Bureau of Economic Analysis
1974
1975
Seasonally Adjusted at Annual Rates
1976
Data: Census
76-7-5
10
SURVEY OF CURRENT BUSINESS
Table 12.—Ratios of Constant-Dollar Nonfarm Inventory Stocks to Final Sales of
Business
1958: I
II
III
IV
.233
.229
.225
.222
1967: I
II.
Ill
IV
.237
.236
.238
.240
1959: I
II
III
IV
.221
.224
.222
.226
1968: I
II
III
IV
.237
238
.236
.237
1960: I
II
III
IV
.228
.229
.230
.228
1969: I
II
III
IV
238
.241
.245
.246
1961: I
I.
I.
Ill
IV
.225
.223
.225
.221
1970: I
II.
Ill
IV
.247
.248
.248
.251
.223
.223
.223
.223
1971: I .
II
Ill
IV
.248
.249
.246
245
1963: I
II
Ill
IV
.224
.223
.222
.221
1972: I ....
II. . ..
Ill
IV
.240
.239
.239
.236
1964: I
II
III
IV
.219 .1973: I
II
.220
III
.220
.223
IV
.232
236
.237
.244
1965: I
II III
IV
.223
.222
.222
.218
1974: I
II
III
IV
.247
251
.253
.261
1966: I
II
Ill
IV .
.219
.225
.227
.234
1975: I
I..
I.
Ill
IV
.256
.247
244
.239
sales in the sense that business did not
seek to change the ratio.
The inventory-sales ratio calculated
for table 12 uses total business final
sales as the denominator instead of
nonfarm business final sales, which had
been used in previous quarterly analyses
of the NIPA's published in the SURVEY.
Nonfarm business final sales had been
derived by subtracting the change in
nonfarm business inventories from nonfarm business gross product. A reexamination of this procedure led to
the conclusion that it understated nonfarm business final sales roughly by
the amount of farm sales to nonfarm
business. A proper metholodogy has
not been worked out. Instead, total
business final sales were substituted
for the denominator previously used,
because the error involved in this procedure is much smaller than the error
in the previous one. The cyclical
behavior of the new ratio is quite similar
to that of the ratio used in the past.
1976: I
II
.239
.238
Net exports
1962: III
Ill
IV
-- -
.
NOTE.—Based on end-of-quarter inventories, seasonally
adjusted, and final sales seasonally adjusted at annual rates.
The contrasting pattern of the durable
and nondurable inventory totals may
have been the result of the greater
imbalance of durable than of nondurable inventories that developed prior
to and during the recent recession.
In retail trade other than autos,
inventory accumulation in the second
quarter was much less than in the first.
Some of the accumulation in the first
quarter may have been involuntary,
reflecting the standstill noted above in
PCE for goods other than autos, food,
and energy products. Inventories of
auto retailers were liquidated in the
first quarter, and they showed little
change in the second.
As can be seen from table 12, the
ratio of constant-dollar nonfarm inventory stocks to final sales of business
has changed little since the fourth quarter of 1975, after having declined
rapidly from the cyclical peak it had
reached a year earlier. At 0.238, the
second-quarter ratio is similar to ratios
that prevailed in prior periods when
inventories were in balance relative to
Real net exports were down a little
from the first quarter (table 13). The
merchandise balance improved moderately, as the combined increase in
agricultural and nonagricultural exports
was a little larger than the increase in
imports. This improvement was more
than offset by erratic changes in service
transactions. The effect of all these
changes on GNP and domestic economic activity was minor.
Changes in foreign transactions in the
first quarter had been much larger than
those in the second. In the first quarter,
a large, broadly based increase in mer-
July 1976
chandise imports had resulted in a
sharp reduction in net exports. Arithmetically, this drop in net exports reduced GNP. However, the causal
connections between the increase in
imports and GNP are much more
complex. In a general way, the firstquarter increase in imports is better
regardeded as limiting the increase in
GNP that would have occurred if U.S.
demand had, in its entirety, generated
domestic production, instead of being
partly met by foreign supplies.
Government purchases
Real Federal and State and local
government purchases both increased
moderately in the second quarter after
declines of similar magnitude in the
first (table 14). These changes tended
to even out the changes in GNP, but
were not major factors. The impression
of government's neutral stance is not altered when government transactions
other than purchases are taken into
account. This neutrality will be confirmed by the small size of the changes
in the Federal and the State and local
government deficits that will become
evident when the information on corporate profits taxes, which is necessary
to calculate these deficits, becomes
available.
The shift in the beginning of the
Federal fiscal year from July 1 to
October 1 is resulting in irregularities
in Federal expenditures. Most of these
irregularities have no important influence on economic activity, but they
give rise to problems of timing and
seasonal adjustment in the estimation
of the NIPA's. For instance, in the
Table 13.—Net Exports of Goods and Services in Current and Constant Dollars
[Seasonally adjusted at annual rates]
Current dollars
Constant (1972) dollars
Percent change from
preceding quarter
(annual rate)
Billions of dollars
1975
III
Net exports of goods and
services
Exports
Merchandise
Imports
Merchandise
1975
1976
IV
I
II
1975
1976
III
IV
I
II
21.4
21.0
8.4
9.1
22.8
23.1
16.6
153.7
110.6
132.7
101.8
164.1
107.8
145.7
113.8
156.8
112.9
147.7
115.9
90.7
65.3
67.9
49.9
93.9
67.7
70.8
51.5
93.6
65.8
77.0
57.2
93.6
67.3
77.7
58.3
I
II
15.8
148.2
106.4
126.8
98.0
IV
1976
14.8
15.4
18.2
13.8
-1.3
-10.4
39.9
51.8
-.1
9.2
3.7
7.6
STTKVEY OF CURRENT BUSINESS
July 1976
Table 14.—Government Purchases of Goods and Services in Current and Constant Dollars
[Seasonally adjusted at annual rates]
Constant (1972) dollars
Current dollars
Percent change from
preceding quarter
(annual rate)
Billions of dollars
III
Government purchases of
goods and services
1975
1976
1975
IV
1976
II
I
III
IV
1975
I
II
1976
I
IV
II
343.2
353.8
354.7
363.1
262.4
265.2
261.9
264.6
4.3
-4.9
4.1
Federal
National defense
Nondefense
124.6
84.6
40.0
130.4
87.1
43.2
129.2
86.2
42.9
132.3
88.4
43.9
95.6
97.2
95.4
96.7
7.0
-7.2
5.7
State and local
218.6
223.4
225.5
230.8
166.9
168.0
166.6
167.9
2.8
-3.5
3.2
past, product originating in households
and institutions, in the rest of the
world, and in government is deducted
from GNP to derive business product.
Next, farm product is deducted as
before. The deduction of housing product is a new feature of the table, and
parallels the handling of housing product in table 7, as does the handling of
the residual. A new aggregate—business
product other than farm and housing—
results from these deductions. Next,
two types of output—autos and residences—are distinguished, because they
show large fluctuations and are important in short-term economic analysis. The remaining "other" product
category is broken down into sales and
inventory change. Further detail within
this category cannot be presented, because duplication stemming from intrabusiness transactions in intermediate
past, expenditures in the quarter beginning in April showed seasonal increases,
which were removed by seasonal adjustment in estimating the NIPA's. The
transition to the new budget year is
apparently resulting in a shift of expenditures into the quarter beginning
in July. These shifts are often of a
financial nature, and adjustments must
be made for them in an accounting for
government transactions that is useful
for economic analysis. Formal procedures for doing so are not available,
and as a result uncertainty is introduced
into the estimates, and their interpretation is made more difficult.
GNP by sector
The presentation of GNP by sector
that has appeared regularly in the
quarterly analyses of the NIPA's has
been modified (see table 15). As in the
Table 15.—Gross National Product by Sector of Origin in Constant (1972) Dollars
[Seasonally adjusted at annual rates]
Percent change from preceding
quarter (annual rate)
Billions of dollars
1976
1975
IV
III
Gross national product .
Less: Households and institutions, rest of the
world, and government
Equals: Business product
1975
I
II
IV
1976
I
II
1,209.3
1,219.2
1,246.3
1,259.7
3.3
9.2
4.4
188.5
189.0
191.2
190.9
1.2
4.7
-.7
1,020.8
1,030.2
1,055.1
1,068.8
3.7
10.1
5.3
Less: Farm
Housing
Residual
36.0
102.9
1.8
34.2
104.0
1.9
34.3
105.1
2.8
34.9
106.3
!2.8
-18.3
4.2
1.4
4.4
6.9
4.3
Equals: Business product other than farm and
housing .
880.1
890.0
912.9
924.9
4.6
10.7
5.4
45.0
39.6
795.5
-3.7
799.2
42.6
41.9
805.5
6.1
811.7
50.4
44.1
818.4
8.0
810.4
51.2
45.8
827.9
8.8
819.1
-20.2
26.1
5.1
96.4
22.3
6.5
6.5
15.8
4.8
6.4
-.6
4.4
Auto
Residential investment
Other.
Inventory change 2
Sales
1
2
Held constant at level of previous quarter.
Change in nonfarm business inventories other than autos.
11
products would become so large that
the detail would not be useful in
economic analysis.
This table brings out some interesting
features of recent economic developments. It shows, for instance, that the
behavior of sales of "other" business
products differs from that of total final
sales, which is shown in table 6.
In the first quarter of 1976, "other"
business sales was stationary in contrast to total final sales, which increased
at an annual rate of 3% percent.
This difference is explained by the
heavy concentration of the first-quarter
increase in final demand in autos; on
balance, demand for other goods and
services was relatively weak. In the
second quarter, when the demand for
autos moderated, the increase in sales of
"other" products corresponded more
closely to the increase in total final sales.
Employment Change by
Industry
After a decline of 2,300,000 from the
third quarter of 1974 to the second
quarter of 1975, nonagricultural employment (as measured by the Bureau
of Labor Statistics payroll survey) has
increased more than 2,500,000, to
79,000,000, from the second quarter of
1975 to the second quarter of 1976.
Although total employment in the
second quarter of 1976 stands at a
higher level than before the recent
contraction, private employment, at
63,900,000, is 625,000 lower. The offsetting higher level of government
employment reflects increases of about
475,000 during the contraction and
about 375,000 during the recovery.
These increases have been entirely at
the State and local level; Federal employment has remained unchanged.
Employment in contract construction, which decreased about 500,000
during the contraction, has remained
steady since then. Employment in
wholesale and retail trade has increased
about 575,000 during the past year,
after a decrease of 275,000 during the
contraction. Services continued to grow
during both the contraction (when
employment increased 175,000) and
the recovery (650,000).
SURVEY OF CURRENT BUSINESS
12
(16.5 percent), furniture and fixtures
(15.8 percent), and electrical equipment
(14.7 percent). As of the second quarter
of, 1976, these three industries have
regained about 175,000 of the 500,000
jobs lost during the contraction; this
recovery would appear somewhat
stronger but for a strike that idled
60,000 rubber workers in May and
June.
Each of the industries listed in
table 16 is, of course, composed of a
number of smaller industries, and the
components do not all contract or
expand at the same rate. Thus, the
employment increase of about 100,000
in transportation equipment since the
second quarter of 1975 is attributable
entirely to motor vehicles and equipment, a component that accounts for
only about one-half of the total employment in transportation equipment.
Perspective on recent employment
changes by industry is provided by a
comparison with those that occurred
during the 1957-58 contraction and the
subsequent recovery. The absolute declines were similar—about 2,200,000
from the second quarter of 1957 to the
second quarter of 1958, compared with
2,300,000 in the recent contraction—as
were the subsequent absolute increases—
After a decrease of 2 million during
the contraction, manufacturing employment has increased about 800,000
during the past year. The recovery
has been stronger in nondurables,
in which about 60 percent of the
625,000 jobs lost during the contraction
have been regained, than in durables,
in which only about 30 percent of the
1,400,000 lost jobs have been regained.
Table 16 shows the employment
changes during the recent contraction
and current recovery in 21 manufacturing industries, listed in order of their
percent employment decrease during
the contraction. Thirteen of these
industries lost 10 percent or more of
their total employment during the
contraction. With a combined employment decrease of 1,650,000 during the
contraction, these 13 industries, which
provided only 16.6 percent of total
U.S. employment in the third quarter
of 1974, accounted for about 70 percent
of the total decline in employment.
During the recovery, these industries
have regained about 725,000 jobs, or
about 45 percent of those lost in the
contraction.
The largest percentage decreases in
employment during the contraction
were in rubber and plastics products
July 1976
2,600,000 from the second quarter of
1958 to the second quarter of 1959,
compared with 2,500,000 in the first
year of the current recovery. During
the 1957-58 contraction, the 13 highjob-loss manufacturing industries listed
in table 16 showed a combined employment decrease of about 1,275,000. This
decrease accounted for about 58 percent
of the total job loss during that contraction, a smaller proportion than
during the recent contraction. Recovery in these industries was more
rapid in 1958-59 than in the current
recovery, as about three-fourths of the
1,275,000 jobs were regained by the
second quarter of 1959.
One factor that mitigated the potential severity of the 1974-75 employment
contraction was the lower relative importance of the 13 high-job-loss manufacturing industries. These industries,
which accounted for 21.5 percent of
total employment in the second quarter
of 1957, accounted for only 16.6 percent
in the third quarter of 1974. Had these
industries retained their 1957 share of
total employment and contracted at
the rate they actually did in 1974-75,
the job loss in these industries would
have been 500,000 larger than it was.
Table 16.—Recent Employment Changes in Manufacturing
[Seasonally adjusted]
Rate of employment change,
1974 III-1975 II
Industry
Percent
Rubber and plastics products
Furniture and fixtures
Electrical equipment
Primary metal industries
Lumber and wood products
Fabricated metal products
..
Stone clay and glass products
Miscellaneous manufacturing
Textile mill products
Transportation equipment
Apparel and other textile products
Paper and allied products
Leather and leather products
Instruments and related products
Machinery except electrical
Tobacco manufactures
Chemicals and allied products
Printing and publishing
Food and kindred products
Petroleum and coal products
Ordnance and accessories
Source: Bureau of Labor Statistics.
Employment change
1974 III-1975 II
1975 11-1976 II
Thousands
-16.5
-15.8
-14.7
-13.3
-12.9
-12.7
-12.3
__ . .
..
.
._
.
..
*
.
-113
-82
-300
-180
-81
-193
-85
21
55
98
18
53
63
19
-11.6
-11.3
-11.2
-10.9
-10.8
-10.4
-7.8
-52
-112
-208
-147
-76
-29
-41
29
90
98
110
45
30
29
-7.4
-6.2
-5.8
-3.2
-2.0
-1.5
-1.1
-165
-5
-62
-36
-34
-3
-2
-8
-1
28
-2
38
8
-16
SURVEY OF CURRENT BUSINESS
July 1976
13
State Personal Income
Table A.—Total Personal Income, by State and Region
[Millions of dollars, seasonally adjusted at annual rates]
1974
1975
1976
State and region
I
IV
Mideast
D elaware
Dist of Col
Maryland
New Jersey
New York
Pennsylvania
IV
1,292,072
I
-
---
-
..
--
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky _ _
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
Southwest
Arizona
New Mexico
Oklahoma
Texas
-
-
...
Rocky IVfountain
Colorado
Idaho
Montana
.
Utah
'Wyoming
Far West
California
Nevada
Oregon
Washington . _.
_. _
-
1,259,043
73, 179
20, 931
4,960
35,458
4,161
5,403
2,265
75,159
21, 328
5,150
36,427
4,329
5,576
2,350
76,478
21, 738
5,281
36,951
4,459
5,615
2,434
78,583
22,373
5,458
37,876
4,556
5,840
2,480
265,365
3,780
5,224
25, 576
47,206
116, 351
67, 228
270, 165
3,859
5,472
25, 966
47, 754
118, 747
68,368
276,628
3,981
5,674
26, 645
49,050
121, 019
70,260
281,752
4,127
5,828
27, 324
49, 974
122, 480
72,019
287,980
4,243
5,898
27, 871
51,027
125, 417
73, 525
241,425
71, 965
28, 442
55, 277
61, 119
24, 622
241,066
72, 429
28, 572
54,013
61, 040
25, 012
246,275
73, 710
28, 892
55, 876
62, 338
25, 459
255,224
76,471
30, 258
58, 051
64,095
26, 349
262,465
78,309
30,971
60, 627
65, 688
26, 870
267,935
79, 693
31, 917
61, 395
67, 239
27, 691
88,720
15, 019
12, 988
21, 294
24, 458
8,389
3,542
3,029
91,360
16,011
13,021
21, 882
24, 656
9,002
3,545
3,244
93,428
16, 463
13, 250
22, 213
25,309
9,333
3,551
3,309
97,391
17, 553
13, 796
22, 881
25, 944
9,825
3,826
3,565
99,326
17, 698
14, 053
23,387
26,728
10, 024
3,950
3,487
101,460
17,929
14,442
23, 982
27,549
10, 032
3,928
3,597
226,795
15, 517
8,502
45, 008
24,092
15, 345
17, 451
9,005
25, 173
12, 388
19, 202
27, 028
8,034
227,798
15, 783
9,050
45, 028
23, 548
15, 413
.17, 597
9,167
25,317
12, 117
19, 156
27, 187
8,433
230,610
16, 050
8,959
45, 351
23,934
15, 532
17, 785
9,291
25,509
12, 469
19, 659
27, 629
8,440
237,943
16, 721
9,461
46, 373
24, 677
16,109
17, 918
9,572
26, 674
12, 931
20, 211
28,527
8,769
244,875
17,320
9,627
47, 668
25, 749
16, 356
18, 411
9,894
27, 185
13, 440
20, 808
29,335
9,082
251,595
17,704
9,873
48, 717
26, 184
17, 147
19, 125
10, 254
28, 141
13, 738
21, 413
29, 877
9,422
92,741
11,420
4,932
13, 022
63, 366
94,572
11,518
5,043
13, 283
64,728
97,703
12, 019
5,200
13, 695
66, 788
100,821
12, 450
5,388
14, 190
68,793
103,211
12,594
5,504
14, 580
70,532
29,686
14,344
4,015
3,812
5,460
2,055
-
1,221,373
72, 148
20, 851
4,878
34,744
4,098
5,346
2,230
91,499
11,467
4,786
12, 959
62, 287
-- --
1,200,764
71,466
20, 553
5,013
34,460
4,104
5,142
2,193
263,261
3,779
5,358
25, 265
47, 174
114, 826
66, 859
-
-
Plains
Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota
Alaska
Hawaii
III
1,189,836
United States
New England
Connecticut
Maine
-Massachusetts
New Hampshire
Rhode Island
Vermont
Great Lakes
Illinois
Indiana
Michigan
Ohio
"\Visconsin
II
29,816
14, 213
3,918
3,828
5,710
2,148
30,268
14, 463
3,955
3,900
5,769
2,180
31,389
14, 969
4,184
4,221
5, 799
2,215
32,444
15, 543
4,277
4,310
5,968
2,346
33,058
15, 789
4,322
4,358
6,160
2,428
169, 107
131,857
3,545
12, 576
21, 129
172,264
134, 800
3,699
12,350
21, 414
174,427
136,393
3,788
12, 572
21, 674
178,946
139, 819
3,907
12, 970
22,250
184,914
144, 482
4,055
13,455
22,922
189,675
148, 003
4,182
13, 864
23,626
2,592
5,286
2,844
5,362
3,018
5,430
3,178
5,482
3,372
5,625
3,462
5,790
75, 159
240,329
255, 224
97,391
184, 251
62, 612
107,862
52, 516
183, 699
76,478
244, 473
262,465
99,326
189,737
64,378
111,021
54,337
189,856
78,583
249, 969
267, 935
101, 460
194, 090
66, 518
114, 111
55,338
194, 745
1,322,748
Census Regions
New England
Middle Atlantic
East N Central
West N Central
South Atlantic
East S Central
West S. Central
Mountain
Pacific
71,466
228, 858
241,425
88,720
176, 176
59, 069
101, 198
49,484
173,440
72, 148
230, 785
241,066
91, 360
176, 211
59, 519
103,036
49, 867
176, 770
73, 179
234,869
246, 275
93,428
178, 629
60, 532
104, 756
50, 617
179, 088
NOTE.—Series will not agree with the personal income measure carried in the national income and product accounts.
The quarterly estimates of State personal income were prepared by Robert L. Brown with the aid of Q. Francis
Dallavalle and supervision by Kenneth P. Berkman.
BY FRANK W. SEGEL AND GARY L. RUTLEDGE
Capital Expenditures by Business for
Air, Water, and Solid Waste Pollution Abatement,
1975 and Planned 1976
B,
BUSINESS spent $6.5 billion in 1975
for new plant and equipment to abate
air and water pollution and to dispose of
solid waste, according to a survey conducted by BEA in November and
December of 1975.1 This is an increase
of 17 percent from $5.6 billion in 1974;
a further increase of 12 percent is expected for 1976. The $0.9 billion increase
in antipollution spending in 1975 accounted for almost 60 percent of the $1.6
billion increase in total new plant and
equipment (P. & E.) spending reported
in the same survey (table 1).
Five industries accounted for $4.6
billion, or 70 percent, of total pollution
abatement spending in 1975: electric
utilities ($1.7 billion), petroleum ($1.2
1. Agricultural business; real estate operators; medical,
legal, educational, and cultural services; and nonprofit
organizations are excluded from these estimates. Outlays
charged to current account are also excluded.
Plans have been adjusted for systematic bias on the basis of
experience from the BEA plant and equipment expenditures
survey.
The estimates have not been adjusted for price change. The
prices of capital goods, as measured by the implicit price
deflator for fixed nonresidential investment, rose almost 14
percent in 1975. If prices of pollution abatement goods
behaved similarly, then real business capital spending for
pollution abatement increased approximately 3 percent.
NOTE.—The projection of sample estimates
to universe totals was supervised by John T.
Woodward. Significant contributions to the
section on facility closings were made by
Betsy C. Dunlap.
Table 1.—New Plant and Equipment Expenditures by U.S. Business for the Abatement of Air, Water, and Solid Waste Pollution
1974-76
[Millions of dollars]
1974
Air
Total 2
Water
Solid
waste
Air
Water
Solid
waste
Total
Air
Water
Solid
waste
..
Non manufacturing
Mining
.
Kailroad..
Air transportationOther transportation
Public utilities .
Electric
Gas and other .
Communication, commercial, and other *
5,617
3,343
1,876
398
113,489
6,549
3,790
2,362
396
119,685
7,346
3,860
3,042
444
45,795
Nondurable goods
Food including beverage
Textiles
Paper
Chemicals
Petroleum
Eubber
Other non durables 3
3,656
2,153
1,251
252
48,314
4,475
2,494
1,736
245
50,710
4,488
2,157
2,074
257
22, 669
4,805
2,030
2,292
3,060
4,264
3,826
2,812
766
1,483
5,231
1,648
798
245
500
207
77
140
115
22
191
235
1,115
620
160
409
68
37
67
55
10
174
150
437
143
70
71
128
27
50
38
11
14
76
95
35
15
19
11
13
24
23
1
3
9
22,046
5,892
2,926
2,267
2,327
4,736
3,387
2,206
915
1,389
4,315
1,775
1,012
396
546
136
83
116
86
26
198
229
1,161
750
261
425
34
40
51
35
14
164
122
529
221
135
82
93
37
50
38
11
31
97
85
41
1
39
9
6
15
13
1
3
10
22, 225
5,831
2,866
2,112
2,391
4,867
3,308
2,374
713
1,427
4,401
1,762
1,007
540
396
158
106
137
114
20
164
191
1,020
675
340
272
32
42
51
39
11
118
102
668
300
197
98
116
61
68
59
8
42
81
73
31
3
26
11
2
17
16
1
4
8
23, 126
3,206
849
2,546
5,628
7,868
1,475
1,554
2,008
150
28
491
469
796
47
28
1,037
56
10
308
192
416
33
21
814
85
15
158
246
296
11
4
157
10
3
25
30
84
2
3
26,268
3,383
680
2,908
6,300
10, 497
1,037
1,463
2,700
175
31
489
684
1,239
41
41
1,333
71
15
273
250
684
25
14
1,208
92
15
189
394
483
14
22
160
12
1
27
40
72
2
6
28,485
3,754
787
3,347
6,844
11, 245
1,178
1,330
2,726
203
46
502
786
1,100
54
34
1,137
90
14
213
247
530
28
15
1,405
93
32
274
478
490
22
16
184
20
1
15
61
81
4
3
66, 124
1,961
1,190
624
147
65, 175
2,074
1,296
626
152
68,975
2,859
1,703
968
187
44
8
7
14
1,557
1,547
10
74
44
24
5
28
747.
715
32
119
11
3
2
15
128
124
3
28
3,097
2,484
1,970
2,034
20, 597
17, 649
2,948
35,942
57
29
7
46
1,622
1,578
44
201
24
12
4
11
1,031
1,011
20
108
25
14
2
28
499
477
22
56
1. Excludes agricultural business; real estate operators; medical, legal, educational, and
cultural services; and nonprofit organizations. Excludes outlays charged to current account.
2. Estimates of total plant and equipment (P. & E.) expenditures (1974,1975, and planned
1976) are as of the survey date, to allow comparison with estimates of pollution abatement
expenditures. Updated estimates of total P.*& E. expenditures can be found in "Plant and
Equipment Expenditure Programs," Survey of Current Business, March 1976, pp. 14-19.
14
Total
Total 2
111,919
All industries
Manufacturing
Durable goods. .3
Primary metals
Blast furnaces, steel works . .
Nonferrous metals
Electrical machinery
Machinery, except electrical
Transportation equipment *
Motor vehicles
Aircraft
Stone, clay, and8 glass
Other durables
Total
Pollution abatement
Pollution abatement
Pollution abatement
Total 2
Planned 1976
1975
9
2
1
6
92
90
2
37
3,823
2,539
1,841
2,901
20, 313
17, 030
3,283
33, 758
73
35
11
41
1,700
1,650
50
214
32
11
6
12
1,138
1,123
16
97
31
21
4
19
466
438
28
84
10
3
1
10
96
89
6
33
3,666
2,287
1,262
2,821
23, 993
20, 052
3,941
34,946
99
35
14
58
2,431
2,386
45
221
3. Includes industries not shown separately.
4. Consists of trade, service, construction, finance, and insurance.
NOTE.—Details may not add to totals because of rounding.
SUEVEY OF CUERENT BUSINESS
July 1976
15
Expenditures by
billion), chemicals ($0.7 billion), non- Table 2.—New Plant and Equipment Water Pollution,1 U.S. Business for the Abatement
of Air and
1973-76
ferrous metals ($0.5 billion), and paper
[Millions of dollars]
($0.5 billion). At the all-industry level,
1973
1974
1975
Planned
6 percent of total capital spending was
1976
for pollution abatement, but six in5,219
4,938
6,152
All industries
dustries allocated more than 10 percent
6 902
3,153
.
3,404
4,231
(chart 6): nonferrous metals (24 per- Manufacturing
4 230
1,553
1,579
Durable goods
1,690
cent), paper (17 percent), stone, clay,
1,688
814
Primary metals 2
..
763
971
975
537
230
Blast furnaces steel works
230
and glass (14 percent), iron and steel
395
523
Nonferrous metals
481
507
370
129
196
127
Electrical machinery
- (14 percent), petroleum (12 percent),
147
Machinery except electrical
80
64
77
103
2
Transportation equipment
170
116
101
and chemicals (11 percent).
119
143
93
Motor vehicles
- - -73
98
25
20
21
Estimates of actual spending for air
Aircraft
-18
144
188
195
Stone clay and2 glass
160
243
226
219
Other durables
-- - . . __
and water pollution abatement are now
183
1,574
1,851
available for 3 years (table 2). ExaminaNondurable goods
2,541
2,542
152
163
Food including beverage
140
183
29
25
tion of this record suggests several
30
45
Textiles
355
462
466
Paper
- - 487
416
439
644
725
conclusions. (1) Spending to abate
Chemicals
-555
712
1,167
Petroleum
..
1,020
39
air and water pollution has increased—6
48
44
51
Rubber
2
19
25
35
O ther nondurables
.
-.
31
percent in 1974 and 18 percent in
Nonmanufacturing
.._
. ._ _ _ .
1,922
1,785
1,815
2,671
1975. (2) Pollution abatement plans
62
91
48
Mining
88
32
are not yet as reliable as indications
16
27
32
Railroad
15
6
10
12
Air transportation
_
11
of actual spending as are plans for
40
42
31
Other transportation
1,451
1,530
1,604
2,304
Public utilities
total P. & E. Plans substantially
1,409
1,488
1,561
2,262
Electric
42
42
43
42
Gas and other
182
exceeded spending for 1974 and fell
164
Communication, commercial, and other 3
_.
201
193
somewhat short of it for 1975. The
1. Excludes agricultural business, real estate operators; medical, legal, educational, and cultural services; and nonprofit
12 percent increase in spending planned organizations. Excludes outlays charged to current account.
2. Includes industries not shown separately.
for 1976 is virtually all accounted for
3. Consists of trade, service, construction, finance, and insurance.
NOTE.—Details may not add to totals because of rounding.
CHART 6
Pollution Abatement Expenditures as a
Percentage of New Plant and Equipment
Expenditures^ 1975
Percent
10
15
20
25
All Industries
Nonferrous Metals
Paper
Stone, Clay & Glass
Blast Furnaces, Steel
Works
Petroleum
Chemicals
Electric Utilities
Electrical Machinery
Other Durables
Production facility closings involving
pollution regulations
Food Including Beverage
Communication,
Commercial & Other
1. These industries spent more than $100 million for air, water, and solid waste
abatement in 1975.
U.S. Department of Commerce, Bureau of Economic Analysis
by a 45 percent increase in the electric
utility industry; this unusually large
increase may not be realized. (3) The
air and water shares of pollution
abatement spending appear to be shifting. The water share was about 36
percent in both 1973 and 1974, increased to 38 percent in 1975, and is
44 percent of planned 1976 spending
(chart 7). This shift may be due to
1977 deadlines set by a number of
water pollution regulations. (4) Spending for changes-in-production-process
(CIPP) to abate pollution has remained
at roughly 1 percent of total P. & E.
spending over the 3-year period, while
end-of-line (EOL) spending has increased as a percent of that total.
EOL techniques are generally used to
bring existing facilities into compliance
with regulations.2 (table 3)
767-6
In 1975, as in 1974, companies on the
P. & E. survey panel were asked if they
had closed (or planned to close) a production facility because of pollution
regulations.3 The companies that
answered, yes—only about one-half of
1 percent of those responding—were
contacted by telephone and were asked
additional questions about the facilities
closed or planned for closing. A total of
64 closings (62 permanent, 2 temporary)
were reported for 1975; last year, participating companies reported 42
facilities closed in 1974 (table 4).
Although estimates of the national
totals of the facilities closed, the cost,
and the number of employees involved
would be very useful, the data will not
permit such estimates. The benchmark
for the P. & E. survey relates to
companies, and, because closings relate
to establishments and facilities within
establishments, cannot be used to raise
the sample to a universe total. The
sample of 62 permanent closings does
permit, however, an examination of
the characteristics of facilities closed
2. CIPP methods involve the modification of existing processes or the substitution of new production processes to
reduce or eliminate the pollutants generated or emitted. EOL
methods involve the separation, treatment, or reuse of pollutants after they are generated, but before they are emitted
from the firm's property.
3. The question was, "Has your company closed a facility
in 1975, or does it plan to close a facility in 1976 where pollution abatement requirements are a contributing factor in the
closing?"
SUEVEY OF CURRENT BUSINESS
16
Pollution regulations were the sole
where pollution regulations were a
reason for closing 18 percent of the
factor.
Four industries—public utilities, facilities—down from 32 percent in
chemicals, food including beverage, and 1974. At least one other reason besides
primary metals—reported 73 percent pollution regulations was mentioned in
of the closings, compared with 53 the remaining 82 percent and at least
percent in 1974. In both years, public two reasons in 39 percent of these closutilities reported more than 25 percent. ings. Other reasons cited were: age or
Problems with air pollution regulations obsolescence in 66 percent of the closwere predominant in reports from ings, declining sales in 21 percent,
companies in the public utility, chem- increasing operating costs in 15 percent,
ical, and primary metal industries; and occupational safety and health
water pollution regulations were pre- requirements in 15 percent (see chart
dominant for the food including bever- 8). Air pollution regulations in combinaage industry. Most of the 1975 closings tion with age or obsolescence were cited
were in four regions—Great Lakes (26 as reasons in 81 percent of the facility
percent), Southeast (24 percent), Plains
closings and 57 percent of the establish(21 percent), and Mideast (16 percent).
ment closings, compared with 38 perThe proportion of closings in the
Plains increased 9 percentage points cent and 62 percent, respectively, in
from 1974, whereas the proportion for 1974.
Manufacturing companies provided
the other three regions combined increased only 7 percentage points.
employment impact data on 35 per-
July 1976
manent closings in 1975; nonmanufacturing, on 20 (table 5).4 Respondents
were asked to classify each facility by
size, as measured by its normal work
force, and by the resultant reduction,
if any, in the total work force of the
parent company.
Of the total number of jobs affected
by closings in the responding companies, 93 percent were in manufacturing; the remainder was split about
evenly between public utilities and
other nonmanufacturing companies.
The employees in the affected jobs
were transferred to other jobs within
the parent company, accepted early
retirement, or lost their jobs. Approximately 55 percent of all the manufacturing employees affected by the closings
lost their jobs, compared with less than
35 percent for public utilities and less
4. Employment impact data are not available for the 1974
closings.
CHART 7
Pollution Abatement Expenditures for New Plant and Equipment Distributed
by Abatement Method ^
Average Percentage, 1973-75
20
40
All Industries
Electric Utilities
Electrical Machinery
Other Durables
Food Including Beverage
Communication, Commercial
& Other
1. The methods are end-of-line (EOL) and changes-in-production-process (CIPP). See footnote 2 of text.
U.S. Department of Commerce, Bureau of Economic Analysis
60
100
SURVEY OF CURRENT BUSINESS
July 1976
than 10 percent for other nonmanufacturing. There were no job losses in
14 percent of the closings in manufac-
turing, 31 percent in public utilities,
and 71 percent in other nonmanufacturing.
17
Table 5.—Facilities Closed Permanently,
by Size of Normal Work Force, 1975
Normal work-force All
size
industries
Table 3.—New Plant and Emiipment Expenditures by U.S. Business for the Abatement of
Air and Water Pollution by Changes-in-Production Process*, 1974-76
All sizes
[Millions of dollars]
1974
Total
Planned 1976
1975
Water
Air
Total
Water
Total
Air
656
439
1,132
672
459
1,263
689
180
734
457
277
823
448
233
116
31
74
30
9
9
7
2
41
28
102
21
0
21
53
6
8
3
5
3
12
272
123
29
85
38
8
9
6
3
51
43
184
100
20
71
10
3
5
3
1
41
25
88
23
9
14
28
4
5
3
2
10
19
320
156
103
48
48
10
11
8
2
52
44
187
107
76
27
11
6
5
4
1
33
24
134
48
27
21
37
5
6
5
1
19
19
205
18
3
7
67
102
6
2
126
8
2
6
32
74
3
2
78
10
1
2
35
28
2
0
462
28
4
26
123
276
5
2
274
15
2
21
54
175
5
2
188
13
1
5
68
101
(*)
(*)
502
53
4
39
156
238
7
6
261
28
1
24
69
130
5
4
241
25
3
15
87
109
2
2
555
Nondurable goods
Food including beverage .
Textiles
Paper
Chemicals
.Petroleum
Rubber
Other nondurables 2
296
258
398
215
183
441
241
.
_.
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication, commercial, and other 3. . .
55
35
13
7
18
19
9
2
7
10
9
7
2
7
4
9
0
0
0
4
1
2
0
0
200
11
6
2
8
485
469
16
43
..
4
3
1
5
260
257
3
24
6
3
0
4
225
212
13
19
19
5
(*)
8
334
314
20
32
8
2
(
*>4
187
184
3
14
11
3
0
4
147
130
17
18
19
7
2
5
374
354
20
34
8
2
1
2
215
211
3
14
11
4
2
3
159
142
17
21
*Less than $500,000.
1. End-of-line estimates can be derived by subtracting estimates in this table from those in table 2.
2. Includes industries not shown separately.
3. Consists of trade, service, construction, finance, and insurance.
NOTE.—Details may not add to totals because of rounding.
CHART 8
Percentage of Facilities Closed
Permanently, By Contributing Factors
80
Pollution Abatement
Requirements
Air
Water
Other^
Other Contributing Factors
Age or Obsolescence
Table 4.—Facility Closings Involving Pollution Abatement Regulations 1974-76
Declining Sales
[Closings reported in surveys conducted in 1974 and 1975]
Manufacturing
All industries 1
Planned
1976
1975
1974
Planned
1976
1975
1974
Public utilities
1974
Planned
1976
1975
Increasing Operating Costs
2
Sample closings
42
64
16
24
40
13
11
16
Permanent closings
34
62
15
19
39
13
9
16
1
26
46
12
16
31
11
6
9
0
8
16
3
3
8
2
33
7
1
8
2
1
5
1
0
2
0
1
Establishment...
Facility within an establishment - _
Temporary closings
1. Includes nonmanufacturing facilities not shown separately.
2. Revised from 2 to 3 closings.
Other
375
335
137
36
95
83
14
17
10
7
44
41
--
Public
utilities
575
359
1,094
Durable goods 2
Primary metals
Blast furnaces, steel works
Nonferrous metals
Electrical machinery
Machinery, except electrical
Transportation equipment 2
Motor vehicles
Aircraft
...
Stone clay and glass
Other durables 2
.
Nonmanufacturing
Water
540
All industries
Manufacturing. _.
Nonmanufacturing
Air
0-25
26-99
100-249
250-499. . .
500+
Manufacturing
OSHA Requirements
1. Consists of noise and solid waste pollution in 1974, and only
solid waste in 1975.
U.S. Department of Commerce, Bureau of Economic Analysis
100
By ETIENNE H. MILLER
International Travel and Passenger Fares: 1975'
u.
' .S. residents spent a record $10.1
billion on international travel in 1975,
compared with $9.4 billion in 1974.
Payments to foreigners, which are
included in the balance of payments,2
accounted for $8.8 billion of the total;
$6.4 billion was spent within foreign
countries and $2.4 billion was paid to
foreign sea and air carriers for transocean transportation. In addition, U.S.
air carriers received $1.3 billion in
transocean passenger fares from U.S.
travelers; these are not included in
the balance of payments.
Receipts from foreign visitors to the
United States3 were $5.7 billion, up
$0.8 billion from 1974. Spending within
the United States was $4.9 billion, 21
percent higher than in 1974. U.S.
transocean air carriers received $0.8
billion in passenger fares for transporta1. This review of developments in international travel
discusses total expenditures of U.S. residents traveling
abroad and expenditures of foreign residents in the United
States. It includes the travel accounts and part of the passenger fare accounts that appear in the U.S. balance of payments.
Not included are U.S. carriers' receipts for transporting
foreign residents between foreign points; these receipts do
not involve travel to and from the United States but they
are included in the passenger fare account in the balance of
payments (line 5 of table 1 of the quarterly balance of payments presentation). On the other hand, the discussion
includes passenger fares paid by U.S. travelers to U.S.
transocean carriers, which do not enter into the balance of
payments, but represent an important part of total expenditures by U.S. travelers (line B3, table 1).
2. Travel payments include expenditures in foreign countries by U.S. residents for food, lodging, entertainment,
transportation purchased abroad, and other expenses incidental to a foreign visit. Excluded are expenditures by U.S.
military and other Government personnel stationed abroad,
by their dependents, and by U.S. citizens residing abroad.
Payments to foreign transocean carriers and shipboard
expenditures are included in the passenger fares account.
Shore expenditures of cruise passengers are included in travel
payments.
3. Travel receipts include expenditures in the United
States, for services similar to those indicated for U.S. travelers in footnote 2, by foreign residents visiting for purposes of
business, pleasure, study, and also those in transit. Receipts
of U.S. transocean carriers from foreign visitors are included
in the passenger fares account.
18
tion of foreigners to and from the
United States.
Net travel and passenger fare payments declined $0.1 billion in 1975 to
$3.1 billion. Net travel payments were
down more than $0.4 billion, as foreign
spending here increased more than U.S.
spending abroad. The reduction in net
travel payments was partly offset by a
$0.3 billion increase in net passenger
fare payments, which resulted from
increased U.S. payments to foreign
carriers and reduced receipts from
foreigners of U.S. air carriers. In 1975,
foreign airlines carried about 45 percent
of U.S. oversea air travelers, compared
with 43 percent in 1974. In contrast,
U.S. airlines carried only 36 percent of
oversea visitors to the United States
who traveled by air, down from 40
percent.
U.S. air carriers continued to dominate the charter market, carrying over
80 percent of U.S. citizens traveling by
charter flights to oversea destinations.
Charter passengers comprised 20 percent of total U.S. travelers using U.S.
airlines. In contrast, U.S. charter passengers accounted for only 4 percent of
the total of U.S. travelers carried by
foreign airlines. Since charter passenger
rates are substantially lower than
scheduled carrier rates, average earnings per U.S. passenger were greater
for foreign air carriers than for U.S. air
carriers.
Worldwide inflation continued to
exert upward pressure on U.S. travel
expenditures last year. Strengthening of
the U.S. dollar against the currencies
of some popular tourist countries partly
offset this upward pressure, and may
have contributed to the marked rise in
travel in late 1975. Although U.S.
travel expenditures rose 7 percent in
current dollars, real travel expenditures
(in constant 1972 dollars, adjusted for
price changes abroad and changes in
the foreign currency value of the
dollar) were 4 percent less than in 1974
(chart 9).
Travel to Canada and Mexico
U.S. travel expenditures in Canada
and Mexico increased $0.1 billion last
year, to $2.9 billion (table 2). The two
countries accounted for 46 percent of
total travel expenditures in foreign
countries, compared with 47 percent a
year earlier and 44 percent in 1973.
CHART 9
U.S. Travelers' Expenditures in Foreign
Countries
Billions $
7
_L
1966
I
I
68
I
I
70
I
72
74
* Adjusted for changes in foreign consumer prices and for changes in
dollar exchange rates.
U.S. Department of Commerce, Bureau of Economic Analysis
75-7-9
July 1976
SURVEY OF CURRENT BUSINESS
Table 1.—International Travel and Passenger Fare Transactions, 1971-75
19
1971
1972
1973
1974
1 . Total travel and passenger fare payments
2. Travel: Payments of U.S. travelers in foreign countries (line 18)
3. Passenger fares: U.S. payments to foreign carriers (line 19)_._
5,663
4,373
1,290
6,638
5,042
1,596
7,316
5,526
1,790
8,075
5,980
2,095
8,797
6,417
2,380
4. Total travel and passenger fare receipts
...,
5. Travel: Receipts from foreign visitors in the United States (line 4) ...
6. Passenger fares: Receipts of U.S. carriers for transportation of foreign
visitors to and from the United States (part of line 5):
2,959
2,534
3,311
2,817
4,130
3,412
4,845
4,032
5,668
4,876
425
494
718
813
792
7. Net travel and passenger fare payments
2,704
3,327
3,186
3,230
3,129
percent to $1,125. The average cost for
transatlantic transportation, $523, was
about 6 percent higher than in 1974.
Expenditures in Europe and other
countries bordering the Mediterranean
averaged $602 per person, up 11 percent. The duration of the average trip
remained 24 days for the third consecutive year. Daily expenditures averaged
about $25 per traveler.
4,373
1,290
5,042
1,596
5,526
1,790
5,980
2,095
6,417
2,380
The Caribbean area,
South America
1,065
1,264
1,156
1,331
1,346
6,728
7,902
8,472
9,406
10,143
[Millions of dollars]
1975
A. Transactions included in U.S. balance of payments:
B. Total expenditures of U.S. travelers abroad:
1.
2.
3.
Travel payments of U.S. travelers in foreign countries (line 18)
U.S. passenger fare payments to foreign carriers (line 19)
U.S. passenger fare payments to U.S. carriers (not included in balance of
payments)
.
4. Total expenditures of U.S. travelers abroad
Central
and
Over 2 million U.S. travelers visited
the Caribbean area and Central Amer-
1. Excludes fares paid by foreigners to U.S. carriers for transportation between two foreign points.
NOTE.—References in parentheses are to lines in table 1 of the quarterly balance of payments presentation.
Table 2.—Travel Payments of U.S. Travelers
in Foreign Countries, by Area, 1971—75
Canada's earnings from U.S. travelers dropped 4 percent to $1.3 billion
in 1975. Average expenditures decreased
slightly, partly because of a 5 percent
decline in the number of Americans
traveling to Canada by air. (The average per capita expenses of air travelers
include passenger fares paid to
Canadian air carriers, and thus are
higher than those of auto travelers.) A
2 percent drop in the number of Americans staying overnight or longer in
Canada also contributed to the
reduction.
Americans traveling in Mexico last
year spent over $1.6 billion, an increase
of 11 percent, although the number of
visitors was less than in 1974. Expenditures in the areas close to the United
States-Mexican border rose 16 percent, but those in interior Mexico
were up only 3 percent. In both areas,
higher prices for tourist goods and services were largely responsible for the
increase; real travel expenditures in
Mexico dropped 4 percent.
for by Europe and the Mediterranean
area declined to 55 percent from 57 percent in 1974 and 64 percent in 1973.
Total expenditures in Europe and the
Mediterranean rose to $1.9 billion, 6
percent more than in 1974. Combined
expenditures in the Caribbean and Central American areas and in South
America increased about 15 percent.
Average expenditures were greater in
each area, but the number of U.S.
travelers to the Caribbean and Central
America declined while those to South
America rose 5 percent. U.S. residents
traveling to other areas (primarily the
Pacific and Far East) spent about 17
percent more than in 1974.
Europe and the Mediterranean Area
The number of U.S. travelers to
Europe and the Mediterranean area
dropped 4 percent to 3.2 million in
1975, after a decline of 15 percent in
1974. Total expenditures in most
countries rose because higher average
spending per traveler more than offset
the drop in the number of travelers.
Travel to Oversea Areas
Exceptions were countries affected by
U.S. travel expenditures in oversea political problems or hostilities, such as
countries increased 10 percent to nearly Portugal, Spain, Greece, and Israel,
$3.5 billion in 1975, despite a slight each of which suffered a drop in earndecrease in the number of travelers ings in 1975. In these countries, higher
(table 3). A slump early in 1975 was average spending did not offset sharp
nearly offset by increased tra.vel in the reductions in the number of U.S.
second half of the year, especially in the travelers.
The average cost of a U.S. traveler's
final quarter. Average expenditures invisit to Europe and the Mediterranean
creased, primarily in response to higher
costs of tourist services. The proportion area, including transatlantic transportaof total oversea expenditures accounted tion and travel expenditures, rose 9
[Millions of dollars]
1971
1972
1973
1974
1975
Total travel payments.. 4,373 5,042 5,526 5,980
6,417
Canada
Mexico .
Mexican border zone
1,079 1,037 1,158 1,359
959 1,135 1,264 1,475
715 904
589
626
1,306
1,637
1,047
Oversea areas
2,335 2,870 3,104 3,146
3,474
.
Europe and ! Mediterranean area
1,540 1,853 1,993 1,802
Western Europe
1,373 1,645 1,800 1,600
1,918
1,709
United Kingdom
France
Italy
Switzerland.
324
169
178
99
342
200
215
119
354
237
218
135
368
198
188
117
4Q4
226
194
121
Gemiany
Austria
Denmark
Sweden
126
52
38
22
163
64
46
32
170
77
42
27
153
61
43
32
174
65
43
29
25
44
39
57
33
63
31
47
44
60
22
105
31
152
25
201
31
138
39
135
31
52
63
37
36
84
58
45
88
36
47
84
19
55
73
23
28
27
26
28
167
208
193
202
209
110
57
124
84
100
93
95
107
57
152
408
504
570
685
787
62
120
90
69
144
105
80
136
109
110
151
122
118
161
118
56
60
95
87
103
28
40
55
60
97
52
86
95
155
190
Norway .
Netherlands
Belgium-Luxembourg .
Spain .
Portugal
Ireland
Greece.
Other
Europe
Western
Other . Europe and
Mediterranean area.
Israel .
Other
Caribbean area and
Central America
Bermuda
Bahamas
Jamaica
Other British West
Indies
Netherlands
West
Indies
Other West Indies and
Central America
South America
Other areas
Japan
Hong Kong .
Australia-New Zealand
Other
92
113
132
209
242
295
400
409
450
527
88
50
121
70
123
65
102
75
131
75
47
110
50
159
48
173
55
218
54
267
1 Includes all European countries and Algeria, Cyprus,
Egypt, Israel, Lebanon, Libya, Malta, Morocco, Syria,
Tunisia, and Turkey.
NOTE.—Includes shore expenditures of cruise travelers.
SURVEY OF CURRENT BUSINESS
20
Table 3.—Number of U.S. Travelers to
Oversea Areas, by Means of Transportation and by Area, 1971-75
[Thousands]
1971 1972
1973
1975
1974
5,667 6,790 6,933 6,467
Total
Sea.
Air
..
6,354
47
3f
5,572 6,717 6,876 6,420
6,31?
95
73
57
Europe and Mediterra3,202 3,843 3,915 3,325 8.1W
nean area
Western Europe
3,030 3,666 3,720 3,118 2,99(
Caribbean area and Central America
1,736 1,992 2,032 2,147
fl.OW
South America
254
338
383
423
44'
Other areas
475
617
603
672
6fT
NOTE.—Excludes cruise travelers; they numbered 629,000
in 1971, 657,000 in 1972, 760,000 in 1973, 701,000 in 1974, and
755,000 in 1975.
Source: U.S. Department of Commerce, Bureau of Economic Analysis, based on data of U.S. Department of Justice,
Immigration and Naturalization Service.
ica, where they spent nearly $0.8
billion last year, up $0.1 billion. A
rise of 19 percent in average expenditures more than offset a 4 percent
decline in the number of U.S. travelers.
Although the number of visitors to the
Bahamas fell 10 percent, there was a 7
percent increase in spending there,
reflecting substantially higher expenditures per visitor. U.S. travelers' expenditures in Bermuda also increased
7 percent, but they declined slightly in
Jamaica. In other Caribbean islands
and Central America, U.S. travelers
increased their expenditures 27 percent.
July 1976
of Stay of U.S.
In South America, U.S. travel ex- Table 4.—Average LengthAreas, 1971-75
Travelers in Selected
penditures totaled over $0.2 billion, up
[Days]
16 percent. About 450,000 Americans
1971 1972 1973 1974 1975
visited the area last year, compared
with about 425,000 in 1974. Average
and
expenditures increased due to sub- Europe area Mediter- 26 27 24 24
ranean
24
stantial price rises, but real expenditures Caribbean area and Central America:
(in 1972 dollars) were below those of
6
6
6
6
7
Bermuda..
Q
6
g
5
5
Bahamas
1974.
Other Caribbean area
and Central America. .
10
11
10
10
Other oversea areas
South America
20
21
14
18
18
Total U.S. travel expenditures in
other oversea areas (primarily the
Pacific and Far East) reached $0.5
billion, up 17 percent, while the number
of U.S. visitors rose 15 percent to
660,000. Expenditures in Japan rose
28 percent to $130 million. Expenditures were unchanged in Australia,
New Zealand, and Hong Kong, and
they increased 22 percent to $270
million in other countries.
Other oversea areas
27
30
28
22
23
12
NOTE.—Excludes cruise travelers.
for transportation to and from the
United States, about the same as in
1974. The number of oversea visitors
was virtually unchanged at 3.7 million.
Canadian and Mexican visitors
Canadians visiting the United States
spent $1.6 billion, a 27 percent rise.
The number of visitors rose 10 percent,
compared with a 2 percent decline in
1974. The proportionately larger rise
in dollar expenditures than in the
number of travelers resulted from a
strong rebound in auto travel for stays
of overnight or longer, due in part to
the improved availability of fuel for
autos in the United States (in contrast
to 1974, when there were fuel shortages). Air travel also increased sharply.
Foreign Visitors to the United
States
Expenditures of foreign visitors in
the United States increased 21 percent
to $4.9 billion in 1975 (table 6). About
80 percent of the increase resulted
from sharply higher spending by
Canadian and Mexican visitors. Visitors
from oversea areas spent $1.8 billion,
up 10 percent. In addition, they paid
about $0.8 billion to U.S. air carriers
Table 5.—'Number of U.S. Travelers and Their Average and Total Travel Payments in Europe and the Mediterranean Area, 1974-75
1974
Percent change 1374-75
1975
Number of Percent of Average Total spent Percent of Number of Percent of Average Total spent Percent of
spending per (millions of
spending per (Millions of
travelers
total
travelers
total
total
total
spending
(doUars)
traveler
(thousands) travelers
spending (thousands) travelers
traveler
dollars)
(dollars)
Europe and
area
Mediterranean
-4.2
11.0
6.4
-4.1
11.5
6.8
404
226
194
121
21.0
11.7
10.1
6.3
-2.2
-1.8
-1.0
4.2
12.3
16.2
2.7
-.4
9.7
14.1
3.1
3.4
238
173
187
192
174
65
43
29
9.0
3.3
2.2
1.5
2.9
12.5
-3.7
-8.5
10.1
-4.9
4.4
-2.5
13.7
6.5
-9.3
4.2
13.0
9.0
11.6
326
145
137
366
44
60
39
135
2.2
3.1
2.0
7.0
.7
18.1
17.4
-20.9
42.3
9.0
7.8
23.6
41.9
27.6
25.8
-2.1
95
191
178
142
2.9
5.9
5.5
4.4
203
287
411
19
55
73
28
.9
2.8
3.8
1.4
-46.9
9.1
-21.2
8.3
.4
6.2
10.7
n.a.
-47.2
17.0
-13.C
7.
138
515
4.3
16.1
409
295
57
152
2.9
7.9
-40.2
19.7
-.7
18.4
100.0
542
1,802
100.0
3,185
100.0
602
1,918
93.8
513
1,600
88.9
2,990
93.8
572
1,709
1,227
824
657
544
36.9
24.8
19.8
16.4
300
240
286
214
368
198
188
117
20.4
11.0
10.4
6.5
1,199
809
650
567
37.6
25.4
20.4
17.8
337
279
, 294
213
Germany
Austria .
Denmark
Sweden
712
335
239
164
21.4
10.1
7.2
4.9
216
182
179
197
153
61
43
32
8.5
3.4
2.4
1.8
733
377
230
150
23.0
11.8
7.2
4.7
Norway
Netherlands
Belgium- Luxembourg
Spain
134
352
246
468
4.0
10.6
7.4
14.1
229
133
127
296
31
47
31
138
1.7
2.6
1.7
7.7
135
416
289
370
Portugal
Ireland
Greece
.
Other Western Europe
179
175
226
131
5.4
5.3
6.8
3.9
202
270
371
36
47
84
26
2.0
2.6
4.7
1.4
231
430
6.9
12.9
412
249
95
107
5.3
5.9
United Kingdom
France.
Italy
Switzerland
Israel . .
Other
n.a.
n.a. Not available.
NOTE.—Data on average spending exclude shore expenses of cruise travelers.
Total
spent
89.1
3,325
3,118
Western Europe
Number Average
spending
of
per
travelers
traveler
n.a.
100.0
-40.
42.
Source: U.S. Department of Commerce, Bureau of Economic Analysis; number of travelers
based on data of Department of Justice, Immigration and Naturalization Service.
SUEVEY OF CUERENT BUSINESS
July 1976
Growth of travel by auto for visits of
overnight or longer, compared with
shorter visits by auto, tends to increase
average expenditures because longer
stays induce higher spending levels for
tourist services. Increased air travel
also contributes to higher average
expenditures because air fares paid to
U.S. air carriers are included as part
of air travelers' expenditures here.
Nearly one-third of all Canadian
travel expenditures in the United
States occurred in the first quarter of
1975, indicating a continued shift
toward more winter holidays in the
warmer U.S. climate.
Eeceipts from Mexican visitors totaled
$1.5 billion last year, up 30 percent.
More than three-fourths of the total
represented expenditures in U.S. areas
adjacent to the Mexican border, which
rose 34 percent. Expenditures in areas
beyond the border regions rose 19
percent. Sharp increases in prices in
Mexico may have stimulated demand
for only moderately higher-priced U.S.
goods and services. To a lesser extent,
rumors of a devaluation of the Mexican
Table 6.—U.S. Receipts from Foreign Visitors in the United States, 1971-75
[Millions of dollars]
1971
1972
1973
1974
Total U.S. travel receipts. . 2,534 2,817 3,412 4,032
1975
4,876
Canada
Mexico
..
U.S. border zone
888
681
516
928 1,072 1,225
720 830 1,142
858
598
525
1,561
1,490
1,151
Total oversea areas
965 1, 169 1,510 1,665
1,825
367
67
48
79
33
452
96
63
559
126
76
22
13
16
89
93
40
23
18
21
98
137
46
27
19
23
105
Caribbean area and
Central America
163
169
205
216
206
South America .
162
174
198
237
303
Other areas _
Japan.
273
134
374
205
548
334
642
402
705
410
Western Europe.
United Kingdom
France
Germany _
Italy..
Netherlands.
Sweden _
Switzerland
Other
570
142
63
126
43
28
22
27
119
611
144
68
145
41
36
23
32
122
peso in late 1974 (which did not
occur) may have accelerated some
purchases in the U.S. border area of
goods paid for in pesos.
Visitors from overseas
21
Expenditures in the United States
by South American visitors jumped 28
percent to $0.3 billion, reflecting a
9 percent increase in the number of
visitors, to 440,000, and a sharp
rise in average per capita spending.
However, receipts from visitors from
the Caribbean and Central American
countries dropped 5 percent, to $0.2
billion, as the number of visitors
fell 6 percent to 480,000.
Visitors from other oversea areas
increased their expenditures in the
United States 10 percent to $0.7
billion. Receipts from Japanese visitors,
which accounted for $0.4 billion of
the total, were only slightly higher
than in 1974. Japanese visitors numbered 750,000, more than from any
other oversea country, but 2 percent
below the record 765,000 in 1974.
Receipts from other oversea countries
rose 23 percent to $0.3 billion.
The slow recovery from the 19741975 recession in many important oversea countries, coupled with inflationary
pressures here and abroad and an
appreciation of the exchange rate of
the dollar against many currencies in
the second half of 1975, dampened
travel to the United States by visitors
from overseas. Their expenditures here,
about $1.8 billion, were 10 percent more
than in 1974, but the number of
visitors was just short of the 1974
total of 3.7 million. Real U.S. travel
receipts (in constant 1972 dollars)
from oversea visitors have remained at
about the same level since 1973.
Visitors from Europe numbered about
1.5 million, 3 percent fewer than in
1974 and nearly 8 percent below the
record 1973 total (table 7). Increased Table 7.—Foreign Visitors to the United
States From Oversea Areas, by Area and
average spending per visitor raised
Type of Visa, 1974-75
expenditures 7 percent, to just over
[Thousands)
$0.6 billion. Half of the $40 million rise
Total Busi- Pleas- Tran- Stucame from West German visitors, who
ness
dent
ure
sit
spent $145 million here. The 15 percent increase in West German ex- Oversea areas, total:
1975 .
3,674
476 2,909
92
197
penditures was accounted for by higher
1974.
499 2,889
3,700
224
88
average per capita spending; the num- Europe:
11
1975.
241 1,159
1,500
89
ber of German travelers remained at
11
1974.
1,544
253 1,169
111
300,000, practically the same as in Caribbean and
Central America:
1974. United Kingdom travelers in the
1975.
478
32
24
406
16
1974
508
34
27
431
16
United States decreased 3 percent to
South America:
450,000. They spent about $145 million
11
1975.
438
22
35
370
1974
21
37
401
333
10
in the United States, slightly more
Other areas:
than in 1974. About 160,000 French
1975.
1,258
974
62
54
168
1974.
1,247
175
65
51
956
visitors spent $70 million in this
Japan:
country. The 8 percent rise in total
11
1975
747
92
635
10
g
g
1974
764
102
646
French expenditures reflected higher
average per capita spending; the numNOTE.—Data are not adjusted for multiple entries on a
ber of French visitors declined 5 single trip.U.S. Department of Commerce, Bureau of EcoSource:
nomic Analysis, based on data of U.S. Department of Justice,
percent.
Immigration and Naturalization Service.
U.S. National Income and Product Accounts:
• Revised Estimates, First Quarter of .1973 to First Quarter of 1976
• Preliminary Estimates, Second Quarter of 1976
JATIONAL income and product estimates for 1972-75 and the first two
quarters of 1976 are presented on the
following pages. Estimates for the first
quarter of 1973 to the first quarter of
1976 have been revised. Major aspects
of the revisions and the second-quarter
estimates are reviewed in the "Business
Situation/' The selection of quarterly
series that is shown regularly in the
National Income and Product Tables
in the SURVEY OF CURRENT BUSINESS
is not shown separately in this issue,
but its presentation will be resumed
next month.
The revised estimates presented here
incorporate a wide range of source data
that was not available when the benchmark revision of the national income
and product accounts published in
January 1976 was prepared. The most
important new source data and the
estimates in which they were incorporated are listed below: final 1973 and
Ereliminary 1974 Internal Revenue
ervice business tax return tabulations
(corporate profits, proprietors' income,
interest, inventories other than manuufacturing and trade, and capital
consumption allowances); 1975 State
unemployment insurance payroll data
(wage and salaries); 1973 and 1974 data
from the Department of Health, Education, and Welfare (employers' contributions to health and life insurance
component of "other labor income");
preliminary tabulations of product shipments from the 1974 Annual Survey
of Manufacturers (producers' durable
equipment); revised Census data on
private construction expenditures and
construction price and cost indexes
for 1973-75 (nonresidential and residential structures); Census data on
State and local government construction for 1975 (State and local government purchases); the Federal budget
for fiscal year 1977 and other Government financial reports (Federal Government receipts and expenditures); and
final Census data on the finances of
State and local governments for fiscal
year 1974 and preliminary data for
fiscal year 1975 (State and local
overnment receipts and expenditures),
easonal adjustment factors have been
updated.
Estimates for 1946-72 for most of
the quarterly series can be found in
Parts I and II of the January 1976
SURVEY. In a few instances detail
additional to that shown in the January
SURVEY is presented in the tables that
follow, and a few tables have been
renumbered. The complete set of the
estimates will be shown in The National Income and Product Accounts of
the United States, 1929-74, Statistical
Tables, which is at the printer; its
availability will be announced in the
SURVEY.
Seasonally unadjusted estimates of
GNP, personal consumption expenditures, government receipts and expenditures, foreign transactions, and
corporate profits are not presented in
this issue. They are available on request, and will be published in a subsequent issue.
f
Table A.-^Summary National Income and Product Accounts, 19751
[Billions of dollars]
1.—-National Income and Product Account
Line
Line
1 Compensation of employees
928.8
26
2
3
4
5
6
7
806 7
806.7
.0
122 1
59.7
62.5
27
28
29
g
9
10
11
12
13
14
15
16
17
Wages and salaries
Disbursements (2-7)
.
Wage accruals less disbursements (3-11) +(5-4)
Supplements to wages and salaries
Employer contributions for social insurance (3-19)
Other labor income (2-8)
.
Proprietors' income with inventory valuation and capital consumption adjustments (2-9)
90 2
Rental income of persons with capital consumption adjustment (2-10)
22.4
Corporate profits with inventory valuation and capital consumption adjustments
91.6
Profits before tax
Profits tax liability (3-16) .
Profits after tax
Dividends (2-11)
Undistributed profits (5-6)
. . .
Inventory valuation adjustment (5-7)
Capital consumption adjustment (5-8)
18
Net interest (2-13)
114.5
49.2
65.3
32.1
33.2
— 11.4
-11.5
74.6
19
NATIONAL INCOME
20
21
22
23
Business transfer payments (2-18)
Indirect business tax and nontax liability (3-17)
Less: Subsidies less current surplus of government enterprises (3-10)
Statistical discrepancy (5-12)
24
CHARGES AGAINST NET NATIONAL PRODUCT
25
Capital consumption allowances with capital consumption adjustment (5-9).
.
CHARGES AGAINST GROSS NATIONAL PRODUCT
1, 207. 6
Durable goods
Nondurable goods. .
Services
._
--
131.7
409.1
432.4
-
30
Gross private domestic investment (5-1)
183.7
31
32
33
34
35
Fixed investment
Nonresidential '
Structures
Producers' durable equipment _
Residential
198.3
147.1
52.0
95.1
51.2
36
Change in business inventories
37
Net exports of goods and services.
38
39
40
41
42
43
44
.. _
.._
_.
._
-14.6
20.5
..
148.1
127.6
Exports (4-1)
Imports (4-3)
339.0
Government purchases of goods and services (3-1)
Federal
National defense
Nondefense
State and local
. . ..
-
- -
124.4
84.3
40.1
214.5
*6.3
138.7
2.0
4.4
1 355.0
161.4
1 516 3
1. Numbers in parenthesis indicate accounts and items of counterentry in the accounts.
22
973.2
Personal consumption expenditures (2-3)
GROSS NATIONAL PRODUCT
1,516.3
SUEVEY OF CURRENT BUSINESS
July 1976
23
Table A.—Summary National Income and Product Accounts, 19751—Continued
[Billions of dollars]
2.—Personal Income and Outlay Account
1
Personal tax and nontax payments (3-15)
168 8
7
Wage and salary disbursements (1-3)
2
Personal outlays
996 9
8
Other labor income (1-7)
62.5
973.2
9
Proprietors' income with inventory valuation and capital consumption adjustments (1-8)
..
.....
90.2
10
Rental income of persons with capital consumption adjustment (1-9)
22.4
11
Dividends (1-14)_.
12
Personal interest income
3
4
5
6
Personal consumption expenditures (1-26).
Interest paid by consumers to business (2-16)
Personal transfer payments to foreigners (net) (4-5)
Personal saving (5-3)
..
22 8
.9
.
84.0
13
14
15
16
806.7
32.1
110.7
Net interest (1-18)
Interest paid by government to persons and business (3-7)
Less* Interest received by government (3-9)
Interest paid by consumers to business (2-4) . . _
17
18
19
20
PERSONAL TAXES, OUTLAYS, AND SAVING
Transfer payments to persons
From business (1-20)
From government (3-3)
74.6
32.8
19.5
22.8
Less: Personal contributions for social insurance (3-20)
175.2
6.3
168.9
.
50.0
1,249.7
PERSONAL INCOME
1 249 7
3.— Government Receipts and Expenditures Account
1
Purchases of goods and services (1-40)
339 0
15
Personal tax and nontax payments (2—1)
2
Transfer payments
172.0
16
Corporate profits tax liability (1-12)
168 9
3.1
17
Indirect business tax and nontax liability (1-21)
138.7
18
Contributions for social insurance
109.7
3
4
To persons (2-19)
To foreigners (net) (4-6)
.. .
...
5
Net interest paid
17 8
6
Interest paid..
37.4
7
8
9
To persons and business (2-14)
To foreigners (4-7)
Less: Interest received by government (2-15)
11
Less: Wage accruals less disbursements (1-4)
12
Surplus or deficit (-), national income and product accounts ( 5-10)
GOVERNMENT EXPENDITURES AND SURPLUS
59.7
50.0
Employer (1-6)
Personal (2-20)
19 5
Subsidies less current surplus of government enterprises (1-22)
Federal
State and local
49.2
32.8
4.5
10
13
14
19
20
168.8
2.0
.0
-64.4
-71.2
6.9
466.4
GOVERNMENT RECEIPTS
466 4
4.^Foreign Transactions Account
1
Exports of goods and services (1-38)
2
Capital grants received by the United States (net) (5-11)
148 1
3
Imports of goods and services (1-39)
o
4
5
6
7
8
RECEIPTS FROM FOREIGNERS
127.6
Transfer payments to foreigners (net)
. .
4.0
From persons (net) (2-5)
From government (net) (3—4)
-
Interest paid by government to foreigners (3-8)
.9
3.1
- - - - -
Net foreign investment (5-2)
148.1
PAYMENTS TO FOREIGNERS
148 1
4.5
11.9
5.— Gross Saving and Investment Account
1
Gross private domestic investment (1-30) .
2
Net foreign investment (4-8) . . .
Personal saving (2-6)
183 7
3
11 9
4
Wage accruals less disbursements (1-4)
5
Undistributed corporate profits with inventory valuation and capital con-
6
7
8
9
Undistributed corporate profits (1-15)
.0
..
Capital consumption adjustment (1-17)
.
Capital consumption allowances with capital consumption adjustment (1-25) .
10
11
195 6
1. Numbers in parenthesis indicate accounts and items of counterentry in the accounts.
Capital grants received by the United States (net) (4-2)
12
GROSS INVESTMENT.. .
Government surplus or deficit (-), national income and product accounts
(3 12\
10.3
33.2
-11.4
-11.5
161.4
Statistical discrepancy (1 23)
GROSS SAVING AND STATISTICAL DISCREPANCY
-64.4
.0
195.6
1. Gross National Product, Net National Product, and National Income
Table 1.1—Gross National Product
1972
1973
1974
1975
1972
IV
1973
I
Millions of dollars
Gross national product
IV
III
II
1975
1974
I
II
III
IV
I
II
1976
III
IV
I
II >
Billions of dollars, seasonally adjusted at annual rates
1,171,121 1,306,554 1,413,206 1,516,338 1,219.4 1,265.3 1,288.4 1,317.5 1,355.1 1.372.7 1,399.4 1,431.6 1,449.2 1,446.2 1,482.3 1,548.7 1.588.2 1,636.2 1,673.0
Personal consumption expenditures
733,034
809,885
887,494
973,216
761.8
787.2
801.0
818.2
833.1 853.3
878.7
906.8
911.1
933.2
960.3
987.3 1,012.0 1,043.6 1,064.6
111, 241
299,347
322,446
Durable goods
Nondurable goods.
Services
123,714
333,840
352,331
121,634
376, 218
389,642
131, 726
409,124
432,366
117.6
311.2
333.0
125.7
321.4
340.1
124.6
327.6
348.8
123.5
338.1
356.6
121.1
348.1
363.8
118.6
360.6
374.1
122.5
371.9
384.3
128.0
383.8
394.9
117.4
388.5
405.2
122.1
394.4
416.7
127.0
405.8
427.4
136.0
414.6
436.7
141.8
421.6
448.6
151 4
429.1
463.2
154.1
434.8
475.6
Gross private domestic investment.
188,275
219,999
214,982
183,698
200.5
210.6
218.0
220.0
231.5
216.4
218.8
213.3
211.5
172.4
164.4
196.7
201.4
229.6
236.3
Fixed investment
178,833
202,092
204,308
198,314
189.7
198.8
202.6
204.6
202.5
203.8
205.8
206.0
201.7
194.6
194.3
198.6
205.7
214.7
223.0
Nonresidential _
116,827
135,979
149, 227
147, 142
123.8
130.4
134.5
138.6
140.3
145.1
149.0
150.9
151.9
148.0
145.8
146.1
148.7
153.4
158.5
42,543
49, 019
54, 120
52,029
44.0
46.0
48.4
50.5
51.2
52.4
54.8
54.1
55.2
53.1
51.2
51.8
52.1
53.2
55.3
74,284
86,960
95, 107
95, 113
79.9
84.5
86.1
88.1
89.1
92.7
94.2
96.8
96.7
94.9
94.6
94.3
90.6
100.2
103.1
62,006
66,113
55,081
51, 172
65.9
68.3
68.0
66.0
62.1
58.7
56.8
55.0
49.8
46.6
48.6
52.6
57.0
61.3
64.5
60,281
664
64,307
601
52, 727
1,013
48,991
843
64.2
g
66.5
§
66.4
5
64.2
6
60.1
7
56.4
1.0
54.6
9
52.7
9
47.2
13
44.9
5
46.7
g
50.2
10
54.2
14
58.6
12
62.1
9
1,341
1.2
Structures
Producers' durable equipment .
Residential
Nonfarm structures
Farm structures
Producers' durable equipment
1,061
1,338
1.1
1.2
1.2
1.2
1.4
1.4
1.3
17,907
10, 674 -14,616
10.8
11.8
15.4
15.4
29.0
12.6
13.0
7.3
9.7 -22.2
8,832
610
Nonfarm
Farm
1,205
9,442
Change in business inventories..
14,659
3,248
12,190 -17,626
-1,516
3,010
10.3
.5
11.6
.2
11.9
3.5
11.4
4.0
23.7
5.3
14.5
-1.9
13.9
-.9
7.4
-.1
Net exports of goods and services. . -3,293
1.2
1.3
1.3
-30.0
12.9 -25.6 -31.2
-3.2
3.4
1.2
1.4
1.4
1.5
-2.0
-4.3
14.8
-4.2
2.2
-9.5
5.2
12.7
2.2
1.5
13.3
14.7
-1.4
7,143
7,466
20,471
1.7
4.3
10.0
12.7
15.0
3.9
8.1
15.0
24.4
21.4
21.0
8.4
9.1
72,656
75,949
101, 556
94, 413
144,391
136,925
148, 070
127,599
79.0
81.1
89.4
87.7
96.7
92.4
105.2
95.3
115.0
102.3
133.2
118.2
142.2
138.3
148.4
145.5
153.8
145.7
147.5
132.5
142.9
118.5
148.2
126.8
153.7
132.7
154.1
145.7
156.8
147. 7
253,105
269,527
303,264
338,953
259.2
265.8
265.1 269.3
277.8
288.0
298.0
308.6
318.5
325.6
333.2
343.2
353.8
354.7
363.1
102, 126
102, 188
111,626
124,417
102.3
104.2
100.1
100.1
104.4
106.1
108.9
113.5
118.1
120.3
122.4
124.6
130.4
129.2
132.3
73,513
28,613
73,534
28,654
77,296
34,330
84,282
40,135
73.3
29.0
74.1
30.1
73.1
27.0
72.5
27.6
74.4
29.9
74.9
31.2
75.9
33.0
78.2
35.3
80.2
37.9
82.0
38.3
83.4
39.0
84.6
40.0
87.1
43.2
86.2
42.9
88.4
43.9
150,979
167,339
191,638
214,536
161.6
165.0
181.9
189.1
195.1
200.4
205.3
210.9
218.6
223.4
225.5
230.8
Exports,
Imports.
Government purchases of goods
and services
Federal
National defense
Nondefense
State and local
-2.1
157.0
169.3
173.5
2.9
Table 1.2.—Gross National Product in Constant Dollars
[Billions of 1972 dollars]
1972
1972
1973
1974
1975
IV
I
II
III
IV
I
II
1976
1975
1974
1973
III
IV
I
II
III
IV
I
II 9
Seasonally adjusted at annual rates
Gross national product
1, 171. 11,235.0 1,214.0 1,191.7 1,202.2 1,229.8 1,231.1 1,236.3 1,242.6 1,230.4 1,220.8 1,212.9 1,191.7 1, 161. 11, 177. 11,209.3 1, 219. 2 1,246.3 1,259.7
...
..
Durable goods
Nondurable goods
Services
767.7
759.1
770.3
752.8
767.7
766.8
770.4
765.9
761.8
761.9
764.7
748.1
754.6
767.5
775.3
783.9
800.7
808.7
121.8
309.3
336.5
112.3
303.5
343.4
111. 9
306.1
352.4
117.6
306.4
328.8
124.9
310.9
331.9
123.0
307.8
336.0
121.2
310.6
338.7
118.1
308.0
339.7
114.9
305.1
341.8
115.0
304.0
342.9
116.1
304.9
343.7
103.1
299.8
345.1
106.0
300.6
348.0
108.4
307.2
351.8
115.1
306.8
353.4
118.0
309.5
356.4
124.3
314.6
361.8
124.6
317.7
366.5
188.3
Residential
Nonfarm structures
Farm structures
Producers' durable equipment
. ..
Change in business inventories
.. .
» Preliminary.
24
207.4
204.9
211.8
194.8
187.9
176.2
169.1
129.3
126.2
148.7
147.0
167.1
170.5
192.9
192.6
190.8
186.4
183.4
178.5
171.1
161.1
149.8
147.4
149.7
152.5
156.7
161.0
131.0
128.5
111.4
122.9
128.5
130.7
132.5
132.4
133.5
131.6
127.3
121.8
114.4
110.6
110.1
110.5
112.6
115.2
45.5
85.5
42.1
86.5
36.7
74.7
43.2
79.7
44.3
84.2
45.5
85.1
46.3
86.2
45.7
86.7
44.6
88.9
43.5
88.1
40.3
86.9
39.8
82.0
37.5
76.9
36.1
74.5
36.6
73.5
36.7
73.8
37.1
75.5
38.3
76.9
59.7
45.0
38.4
63.8
64.4
62.0
58.3
54.0
49.9
47.0
43.9
39.3
35.4
36.8
39.6
41.9
44.1
45.8
62.1
.6
1.2
62.7
.6
1.2
60.4
.4
1.2
56.5
.5
1.2
52.2
47.8
.9
1.3
44.9
41.9
.7
1.3
37.1
1.0
1.2
34.0
.4
1.0
35.2
.4
1.1
37.6
.7
1.2
39.7
1.0
1.2
42.0
.9
1.3
43.9
.6
1.2
10.8
11.7
14.8
14.1
25.4
11.4
9.4
5.1
8.0 ' -20. 5 -21.2
-1.0
-5.5
10.4
9.5
5.1
-.1
8.8 -21.5 -21.5
.3
—.7
1.0
-1.9
.9
-7.0
1.5
8.9
1.5
10.5
-.9
60.3
.7
1.1
57.9
.5
1.2
9.4
16.5
-3.3
14.2
2.3
42.9
.8
1.3
36.6
.6
1.2
8.5 -12.0
8.9 -13.0
-.4
.9
of goods and
7.6
16.5
22.6
72.7
75.9
Exports
Imports
Federal
State and local
204.6
186.7
8.8
.6
Net exports of goods and services
Government purchases
services
197.6
149.8
62.0
Structures
Producers' durable equipment
137.8
173.5
42.5
74.3
Nonresidential..
182.0
190.7
116.8
Fixed investment.. ._
207.2
178.8
Gross private domestic investment
Nonfarm
Farm
733.0
111.2
299.3
322.4
Personal consumption expenditures ..
87.4
79.9
97.2
80.7
90.6
68.1
253.1
252.5
256.4
261.0
102.1
151.0
96.6
155.9
95.3
161.1
95.7
165.2
10.4
.4
-1.4
11.6
.1
12.0
2.7
11.5
2.6
12.0
-.6
9.6
-.2
12.9
18.4
14.9
14.9
17.7
20.1
24.3
22.8
23.1
16.6
15.8
90.7
77.7
97.8
79.4
98.7
83.8
96.4
81.5
95.9
78.2
90.3
70.2
87.7
63.4
90.7
67.9
93.9
70.8
93.6
77.0
93.6
77.7
251.8
252.0
255.4
256.1
257.1
256.9
257.1
259.1
262.4
265.2
261.9
264.6
95.2
156.6
94.3
157.7
95.3
160.1
94.7
161.4
95.8
161.3
95.4
161.5
94.8
162.2
95.3
163.8
95.6
166.9
97.2
168.0
95.4
166.6
96.7
167.9
2.3
5.7
9.3
84.5
82.1
86.2
80.5
88.3
79.0
253.2
255.2
251.2
99.6
153.6
100.7
154.5
96.3
154.9
77.0
78.4
21.7
3.7
SURVEY OF CUBEENT BUSINESS
July 1976
25
Table 1.3.—'Gross National Product by Major Type of Product
[Billions of dollars]
1972
1972
1973
1974
1975
IV
1973
I
II
1974
III
IV
I
1975
II
III
IV
I
II
1976
III
IV
I
HP
Seasonally adjusted at annual rates
Gross national product
1,171.1 1,306.6 1,413.2 1,516.3 1,219.4 1,265.3 1,288.4 1,317.5 1,355.1 1,372.7 1,399.4 1,431.6 1,449.2 1,446.2 1,482.3 1,548.7 1,588.2 1,636.2 1,673.0
1, 161. 7 1,288.6 1, 402. 5 1,531.0 1,208.6 1, 253. 5 1, 273. 0 1, 302. 11, 326. 11, 360. 0 1, 386. 4 1, 424. 2 1,439.4 1,468.4 1, 512. 3 1,550.6 1,592.5 1,621.4 1, 659. 7
9.4
10.7 -14.6
15.4
15.4
12.6
9.7 -22.2 -30.0 -2.0 -4.3 14.8
17.9
11.8
29.0
7.3
10.8
13.0
13.3
Final sales .. .
Chang© in business inventories
Goods
Final sales
Change in business inventories
526.0
516.6
9.4
598.8
580.9
17.9
639.7 681.7
629.0 696.3
10.7 -14.6
549.4 577.0
538.6 565.2
11.8
10.8
587.2
571.8
15.4
602.1
586.7
15.4
628.8
599.8
29.0
621.0
608.4
12.6
634.8
621.9
13.0
650.4
643.0
7.3
Durable goods,
Final sales
C hange in business inventories
208.4
202.1
6.3
240.5
229.6
10.9
247.2 254.4
240.2 266.5
7.1 -12.1
224.8
213.0
11.8
237.9
229.1
8.8
239.3
228.3
10.9
241.9
230.1
11.8
242.8
230.7
12.1
238.9
232.3
6.6
242.8
240.6
2.2
252.6 254.7 234.1 248.5
247.6 240.2 249.5 263.8
14.5 -15.4 -15.3
5.1
265.0 270.0
272.0 280.6
-7.0 -10.6
282.7
286.3
-3.6
300.1
294.9
5.2
317.7
314.5
3.2
358.3 392.4
351.3 388.9
3.6
7.0
427.3
429.8
-2.6
324.7
325.6
-1.0
339.1
336.1
3.0
347.9
343.5
4.5
360.2
356.6
3.6
385.9
369.0
16.9
382.1
376.1
6.0
392.1
381.3
10.8
397.7
395.4
2.3
397.8
402.6
-4.7
408.5 412.5
415.3 427.2
-6.8 -14.7
438.4
433.4
5.0
459.6
441.1
18.5
457.1
449.0
8.1
510.8
134.3
560.5
147.2
626.6
146.9
692.5
142.1
529.3
140.7
541.9
146.4
553.2
148.0
567.0
148.4
580.1
146.2
605.1
146.5
614.6
150.0
633.8
147.4
652.8
143.8
666.3
137.2
719.5 742.6
149.1 151.3
758.4
157.3
Nondurable goods
Final sales
Change in business inventories
-.
Services
Structures
652.5 642.6 661.0 703.5 719.7 742.3 757.3
642.8 664.8 691.0 705.4 724.0 727.5 744.0
9.7 -22.2 -30.0 -2.0 -4.3 14.8
13.3
684.2 700.2
137.1 145.0
449.7
443.3
6.3
v Preliminary.
NOTE.—"Final sales" is classified as durable or nondurable by type of product. "Change in
business" inventories is classified as follows; For manufacturing, by the type of product
produced by the establishment holding the inventory; for trade, by the type of product sold
by the establishment holding the inventory; for construction, durable; and for other industries, nondurable.
Table 1.4.—Gross National Product by Major Type of Product and
Purchaser
Table 1.6.—Gross National Product by Major Type of Product and
Purchaser in Constant Dollars
[Billions of dollars]
[Billions of 1972 dollars]
1972
Gross national product.
1973
1974
1,413.2
Gross national product
1973
1974
1975
1, 171. 1
1, 235. 0
1,214.0
1, 191. 7
254.4
131.7
96.5
19.3
19.0
—12.1
Durable goods
Personal consumption expenditures
Producers' durable equipment _ . .
Government purchases
Net exports
Change in business inventories
208.4
111.2
75.3
17.9
—2.4
6.2
236.5
121.8
86.7
16.1
1.3
10.6
224.1
112.3
87.7
13.3
5.3
5.5
204 7
111.9
75.8
14 5
11.8
—9.4
392.4
376.2
24.7
—12 1
3.6
427.3
409.1
30.7
—10.0
-2.6
Nondurable goods
Personal consumption expenditures
Government purchases
Net exports
Change in business in ventories.
317.7
299.3
19.1
—4.0
3.2
332.5
309.3
16.9
.4
5.9
328.8
303.5
18.4
3.9
3.0
327.9
306.1
20.3
4.3
—2.7
560.5
352.3
202.0
6.2
626.6
389.6
224.1
12.8
692.5
432.4
248.7
11.5
Serrices
Personal consumption expenditures
Government purchases
Net exports
510.8
322.4
185.2
3.1
531.1
336.5
188.7
5.8
545.0
343.4
•194. 4
7.2
556.6
352.4
197.8
6.4
147.2
113.9
33.3
146.9
107.9
39.1
142.1
101 9
40.3
Structures
.
Private
Government
134.4
103.5
30.8
134.8
103.9
30.8
116.1
85.8
30.3
102.4
74.0
28.4
1,171.1
1,306.6
Durable goods ..
Personal consumption expenditures
Producers' durable equipment
Government purchases.
Net exports
Change in business inventories
208.4
111.2
75 3
17.9
-2.4
63
240.5
123.7
88.2
16.5
1.2
10.9
247.2
121,6
96.4
15.4
6.7
7.1
Nondurable gnndfl
317 7
299.3
19.1
—4 0
32
358.3
333.8
17.8
—.3
7.0
Services
Personal consumption expenditures .
Government purchases 1.
, ._
Net exports
510 8
322.4
185.2
3.1
Structures _
Private
Government .„
134.3
103.5
30.8
Personal consumption expenditures
Government purchases
Net exports
Change in business inventories
1972
1975
1,516.3
See footnote to table 1.3.
...
...
See footnote to Table 1.3.
Table 1.5.—-Gross National Product by Major Type of Product in Constant Dollars
1972
1972
1973
1974
1975
IV
1973
I
II
III
IV
I
II
1976
1975
1974
III
IV
I
II
III
IV
I
HP
Seasonally adjusted at annual rates
1, 171. 11,235.0 1,214.0 1,191.7 1,202.2 1,229.8 1,231.1 1,236.3 1,242.6 1,230.4 1,220.8 1,212.9 1,191.7 1,161.1 1, 177. 11,209.3 1,219.2 1,246.3 1,259.7
Gross national product
Final sales
Change in business inventories
1, 161. 7 1,218.5 1,205.5 1,203.7 1, 191. 3 1,218.1 1,216.3 1, 222. 2 1,217.2 1,219.1 1,211.4 1,207.8 1,183.7 1, 181. 6 1, 198. 2 1,210.2 1,224.7 1,235.9 1,250.2
9.5
10.4
-5.5
..
9.4
16.5
8.5 -12.0
14.1 25.4
11.4
5.1
11.7
14.8
9.4
8.0 -20.5 -21.2 -1.0
10.8
526.0
516.6
9.4
Durable goods
..
Final sales
Change in business inventories
Nondurable goods Final sales
Change in business inventories
Services
Structures
See footnote to table 1.3.
.
569.0
552.5
16.5
552.9 532.6
544.4 544.7
8.5 -12.0
545.0
534.2
10.8
565.6
553.9
11.7
565.1
550. 3
14.8
568.0 577.4
553.9 552.0
14.1 25.4
560.6
549.2
11.4
558.1
548.7
9.4
555.6 537.4 512.2 522.5
550.5 529.3 532.7 543.7
5.1
8.0 -20.5 -21.2
546.0
547.0
-1.0
549.9
555.4
-5.5
569.5
559.1
10.4
574.8
565.3
9.5
208.4
202.1
6.2
Goods
Final sales
Change in business inventories
236.5
225.9
10.6
224.1
218.6
5.5
204.7
214.1
-9.4
224.8
213.2
11.7
236.8
228.1
8.7
237.0
226.4
10.6
236.5
225.2
11.3
235.8
224.0
11.7
228.4
222.4
6.1
224.3
222.8
1.5
226.3
222.7
3.7
217.4 193.3 200.1
206.8 206.8 211.9
10.7 -13.5 -11.9
212.1
216.8
-4.6
213.4
220.7
-7.4
221.9
224.3
-2.4
229.8
226.1
3.7
317.7
314.5
3.2
332.5
326.6
5.9
328.8
325.8
3.0
327.9
330.6
-2.7
320.2
321.0
-.8
328.9
325.8
3.0
328.1
324.0
4.2
331.5
328.7
2.8
341.7
328.0
13.7
332.2
326.8
5.3
333.7
325.9
7.8
329.3
327.9
1.4
319.9
322.6
-2.6
318.9
325.9
-7.0
322.4
331.7
-9.3
333.9
330.2
3.7
336.6
334.7
1.9
347.6
334.8
12.8
345.0
339.1
5.9
510.8
134.3
531.1
134.8
545.0 556.6
116.1 102.4
520.0
137.2
524.7 529.0
139.5 137.0
534.5
133.8
536.4
128.8
545.7
124.2
542.1
120.6
544.6
112.7
547.5
106.9
549.6 555.4
99.3 99.2
558.7
104.6
562.8
106.4
570.3
106.6
575.3
109.7
SURVEY OF CURRENT BUSINESS
26
July 1976
Table 1.7.—Gross National Product by Sector and Industry
[Billions of dollars]
1972
1972
1973
1974
1975
IV
1973
I
II
1974
III
IV
I
1975
III
II
IV
I
1976
III
II
IV
I
HP
Seasonally adjusted at annual rates
1,171.1 1,306.6 1,413.2 1,516.3 1,219.4 1,265.3 1,288.4 1,317.5 1,355.1 1,372.7 1,399.4 1,431.6 1,449.2 1,446.2 1,482.3 1,548.7 1,588.2 1,636.2 1,673.0
Gross national product .
1, 164. 1 1,297.5 1,398.7 1,505.7 1,211.3 1,256.5 1,279.6 1,308.8 1,345.1 1,355.5 1,387.0 1,417.8 1,434.4 1,436.7 1,471.7 1,537.4 1,577.1 1,623.2 1,662.5
Gross domestic productBusiness
.
.Nonfarm
Manufacturing
Nonmanufacturing
Housing
Other
Farm
_ - _ . _ . .
Statistical discrepancy
Households and institutions
989.5 1, 108. 0 1, 192. 4 1,277.5 1,030.7 1, 072. 4 1,092.0 1,117.9 1, 149. 5 1, 156. 1 1, 183. 8 1,209.6 1, 219. 9 1,216.3 1, 246. 4 1,306.8 1,340.4 1,380.7 1,415.3
955.8 1,055.3 1,137.3 1,222.8 993.1 1,027.2 1,042.3 1,061.9 1, 089. 5 1,100.6 1, 130. 11, 155. 11,163.4 1, 167. 4 1, 197. 4 1, 246. 7 1, 279. 6 1, 324. 8
288.8 321.8 334.3 346.0
667.0 733.4 803.0 876.7
97.4 107.4 117.8
89.2
577.8 636.0 695.6 758.9
52.7
56.4
53.1 46,6
46.9
32.0
50.1 48.5
42.6
48.6
47.2
42.5
49.0
50.3 34.1
55.6
54.8 48.7
55.0
3.2
2.4
7.1
4.4
3.4
2.6
1.1
3.6
7.7
6.4
1.7
2.6
6.6
9.3
.1
5.1
7.2
6.1
41.1 42.0
42.7
44.0
37.2
44.7
49.7
37.9
38.8
40.0
45.7
46.4
40.5
48.1 49.0
50.4
51.5
54.7
53.3
Government. .
Federal
State and local ,
137.4
50.1
87.3
149.1
51.9
97.1
161.6
54.9
106.7
178.5
59.3
119.2
142.7
51.9
90.9
145.3
51.7
93.6
147.5
51.3
96.2
149.9
51.4
98.5
153.6
53.2
100.3
156.7
53.7
102.9
159.2
54.0
105.2
162.5
54.6
107.9
168.1
57.4
110.7
172.4
58.2
114.2
176.3
58.4
117.9
180.1
59.1
121.1
185.2
61.5
123.7
189.2
62.2
127.0
192.5
62.6
130.0
7.0
9.1
14.5
10.6
8.1
8.8
8.8
8.7
10.0
17.2
12.4
13.8
14.8
9.4
10.6
11.3
11.1
13.0
10.5
Rest of the world
.
.. _
NOTE.—The industry ck
Table 1.8.—'Gross National Product by Sector and Industry in Constant Dollars
[Billions of 1972 dollars]
1972
1972
1973
1974
1975
IV
1973
I
II
1974
III
IV
I
II
1975
III
IV
I
II
1976
III
IV
I
II»
Seasonally adjusted at annual rates
Gross national product. .
.
Business
Nonfarm
...
Manufacturing
Nonmanufacturing
Housing
Other
Farm
l
Residual
Households and institutions
Government
Federal
State and local
Rest of the world
1, 171. 11,235.0 1,214.0 1,191.7 1,202.2 1,229.8 1,231.1 1,236.3 1,242.6 1,230.4 1,220.8 1,212.9 1,191.7 1,161.1 1,177.1 1,209.3 1,219.2 1,246.3 1,259.7
1, 164. 1 1,227.4 1,206.9 1,186.8 1,194.3 1,221.6 1,223.6 1,229.2 1,235.2 1,219.8 1,215.3 1,207.3 1, 185. 3 1, 157. 0 1, 172. 2 1,204.0 1,214.1 1,240.4 1,254.9
Gross domestic product
--
.
- -
-
989.5 1, 050. 4 1,027.3 1,004.1 1, 018. 5 1,046.3 1, 046. 7 1,051.6 1, 057. 3 1,040.9 1, 036. 0 1, 027. 0 1,005.0
955.8 1, 013. 2 987.7 968.1 982.9 1,008.5 1,011.3 1, 015. 7 1,017.4 1,005.6 994.6 986.6 964.1
288.8 313.0 296.8 270.0
667.0 700.2 690.9 698.1
93.4
89.2
98.2 102.4
577.8 606.8 592.7 595.7
30.6
32.2
32.3
33.2
32.0 30.2 34.0
32.8
32.5
32.0
32.0 34.1 31.0
4.7
4.5
3.5
5.9
8.4
4 9
75
4.6
5.6
8.6
8.3
18
17
38.2
37.4
37.9
37.2
38.5
38.4
38.5
38.1 38.2
37.5
38.0
38.1 38.5
989.9 1, 020. 8 1, 030. 2 1, 055. 11,068.8
956.6 983.0 994.1 1,018.0
31.8
4.9
38.3
34.6
—1.3
38.4
36.0
18
38.5
34.2
19
38.8
34.3
2.8
39.8
34.9
40.1
137.4
50.1
87.3
138.9
48.3
90.6
141.5
48.4
93.1
144.2
48.2
96.0
138.4
49.8
88.6
137.9
48.9
89.0
138.9
48.7
90.2
139.2
47.9
91.3
139.5
47.5
92.0
140.7
48.4
92.3
141.1
48.3
92.8
141.9
48.4
93.4
142.4
48.4
94.0
143.1
48.4
94.7
143.9
48.2
95.7
144.7
48.2
96.5
145.1
48.1
97.0
145.5
48.1
97.4
146.0
48.0
97.9
7.0
7.6
7.0
4.8
7.8
8.2
7.5
7.2
7.4
10.7
5.5
5.6
6.4
4.1
4.8
5.3
5.1
5.9
4.8
p Preliminary.
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry. The quarterly estimates
are obtained by interpolating the annual estimates with the statistical discrepancy deflated
by the implicit price deflator for gross domestic business product.
975.6
938.8
NOTE.—The industry classification within the business sector is on an establishment basis
and is based on the 1967 Standard Industrial Classification.
July 1976
SURVEY OF CURRENT BUSINESS
27
Table 1.9.—'Relation of Gross National Product, Net National Product, National Income, and Personal Income
1972
1975
1974
1973
1972
IV
1974
1973
I
IV
III
II
Millions of dollars
I
II
1975
III
IV
I
II
1976
IV
III
I
HP
Billions of dollars, seasonally adjusted at annual rates
1,171,121 1,306,554 1,413,206 1,516,338 1,219.4 1,265.3 1,288.4 1,317.5 1,355.1 1,372.7 1,399.4 1,431.6 1,449.2 1,446-2 1,482.3 1,548.7 1,588.2 1,636.2 1,673.0
Gross national product
Less: Capital consumption allowances with capital consumption adjustment
Capital consumption allowances without capital consumption adjustment
Less: Capital consumption
adjustment
105,364
117, 652
137,700
161,382
108.1
111.7
115.8
118.8
124.3
99, 520
108,238
119,817
130,834
102.5
104.2
106.9
108.8
113.0
-9,414 -17,883 -30,548
-5.6
-7.5
-8.8 -10.0 -11.4
-5,844
128.5
114.8
-13.7
134.5
118.2
-16.2
140.6
121.8
-18.8
147.2
152.9
158.7
164.4
169.5
173.6
177.7
124.5
126.7
128.8
132.3
135.5
137.5
140.5
-22.8 -26.1 -29.9 -32.1 -34.0 -36.1 -37.2
1,065,757 1,188,902 1,275,506 1,354,956 1,111.3 1,153.6 1,172.6 1,198.7 1,230.7 1,244.2 1,265.0 1,291.0 1,301.9 1,293.3 1,323.6 1,384,3 1,418.7 1,462,6 1,495.4
Equals: Net national product
Less: Indirect business tax and
111,007 120, 193 128,358 138,690 115.0 118.2 119.7 120.6 122.3 124.0 127.5 131.0 131.0 132.6 136.5 141.5 144.1 144.9 147.9
nontax liability
5.6
5.3
5.5
5.6
5,375
5,613
6,277
4.9
5.1
5.5
Business transfer payments4,722
5.6
5.7
7.0
5.9
6.2
6.4
6.6
6.8
6,624
3.6
2.4
4,419
3.4
3.2
1.1
1,681
2,629
2.6
7.1
7.7
9.3
6.4
.1
Statistical discrepancy
5.1
6.1
7.2
Plus: Subsidies less current surplus of government enter2,014
3.5
838
3.6
4.1
1.3
3,872
3.2
4.7
.8
3,588
.9
.3
1.4
prises
2.1
1.9
2.7
.9
1.1
951,935 1,064,577 1,135,749 1,207,584
Equals! National income
Less: Corporate profits with inventory valuation and
capital consumption ad91,604
92,081 99,064
84,847
justments
74,628
47,028 52,334
67, 127
Net interest
Contributions for social in91,524 103,416 109, 657
73, 594
surance
Wage accruals less disburse4
0
-56
-530
ments
Plus: Government transfer pay99,377 113,511 134, 643 168,933
ments to persons
84,051 101,392 110, 663
74, 612
Personal interest income-..
74, 628
47,028 52,334
67, 127
Net interest
Interest paid by government to persons and
21,500 25, 626 29,246 32,808
business
Less: Interest received by
19,537
14, 111
17,188
11, 777
government
Interest paid by con22,764
17,861 20, 202
22, 207
sumers to business
24,597
27, 792
32, 105
30, 756
Dividends
5,375
6,277
4,722
5,613
Business transfer payments. .
Equals: Personal income
.
942,536 1,052,440 1,153,293 1,249,673
991.7 1,030.9 1,051.2 1,073.6 1,102.7 1,113.5 1,125.6 1,147.6 1,156.3 1,149.7 1,182.7 1,233.4 1,264,6 1,304.7
99.0
49.6
101.1
50.4
98.1
51.2
97.8
52.5
99.3
55.3
95.7
59.4
87.8
65.9
81.7
70.0
74.1
73.2
69.0
73.7
75.2
89.0
90.5
92.4
94.3
100.4
102.4
105.0
105.9
107.6
108.1
110.3
2.1
.0
-.3
.0
.0
.0
-.6
-1.5
.0
.0
.0
.0
108.3
78.1
49.6
109.9
79.9
50.4
111.8
82.1
51.2
114.6
85.2
52.5
117.7
89.0
55.3
123.2
92.9
59.4
130.8
99.7
65.9
138.5
104.8
70.0
146.0
108.2
73.2
157.8
108.2
73.7
169.3
109.0
74.0
172.7
111.0
74.9
22.4
23.9
25.0
26.3
27.4
28.2
28.9
29.8
30.0
30.5
32.0
12.6
13.5
13.8
14.1
15.0
16.1
17.0
17.7
18.0
18.5
19.4
18.7
25.4
4.9
19.1
26.5
5.1
19.8
27.3
5.3
20.6
28.1
5.5
21.3
29.3
5.6
21.4
29.9
5.6
21.9
30.7
5.5
22.6
31.3
5.6
22.9
31.1
5.7
22.5
31.7
5.9
22.4
31.9
6.2
86.6
74.0
105.3
74.9
105.6
75.8
115.1
78.6
80.3
112.6
119.3
121.4
.0
.0
.0
176.0
114.4
75.8
181.8
118.0
78.6
180.7
120.7
80.3
33.3
35.4
37.0
38.4
20.0
20.2
21.1
21.7
22.8
32.6
6.4
23.3
32.2
6.6
23.4
33.1
6.8
23.7
34.4
7.0
982.6 1,011.8 1,038.2 1,064.3 1,095.5 1,109.7 1,136.8 1,172.5 1, 194. 1 1,203.1 1,230.3 1,265.5 1,299.7 1,331.3 1,361.4
Table 1.10.—Relation of Gross National Product, Net National Product, and National Income in Constant Dollars
[Billions of 1972 dollars]
1972
1972
1973
1974
1975
IV
1974
1973
I
II
III
IV
I
II
1975
III
IV
I
II
1976
III
IV
I
II r
Seasonally adjusted at annual rates
Gross national product
Less: Capital consumption allowances
with capital consumption adjustment _ _
. . _ _ . _
Equals: Net national product
1,171.1 1,235.0 1,214.0 1,191.7 1,202.2 1,229.8 1,231.1 1,236.3 1,242.6 1,230.4 1,220.8 1,212.9 1,191.7 1, 161. 11, 177. 11,209.3 1,219.2 1,246.3 1,259.7
105.4
111.7
117.1
121.5
106.0
108.9
111.4
111.9
114.4
115.2
116.6
117.7
119.0
119.7
120.9
122.2
123.4
124.5
Less: Indirect business taxes and nontax
liability plus business transfer
payments less subsidies plus current surplus of government enterprises
Residual 1
112.1
1.7
118.6
4.9
117.3
7.5
118.2
1.8
115.2
4.6
117.4
4.5
118.5
3.5
119.3
5.6
119.0
5.9
117.7
4.7
117.4
8.6
117.6
8.3
116.5
8.4
116.6
4.9
117.7
-1.3
118.5
1.8
120.1
1.9
122.0
2.8
Equals' National income
951.9
999.8
972.0
950.0
976.3
998.9
997.8
999.5 1,003.3
992.8
978.1
969.4
947.9
919.9
939.8
966.8
973.7
997.0
v Preliminary.
See footnote to table 1.8.
125.6
1,065.8 1,123.3 1,096.9 1,070.1 1,096.2 1, 120. 9 1,119.7 1, 124. 4 1,128.2 1,115.2 1,104.2 1,095.2 1,072.8 1,041.4 1,056.2 1,087.1 1,095.8 1,121.8 1,134.1
123.0
SURVEY OF CUEEENT BUSINESS
28
July 1976
Table 1.11.—Net National Product and National Income by Sector and Industry
[Billions of doUars]
1972
1972
1973
1974
1975
IV
1973
I
II
19^4
III
IV
I
II
1975
III
IV
TTT-
1976
III
IV
I
HP
Seasonally adjusted at annual rates
Net national product
Net domestic product
Business
Nonfarm
"M. anuf acturing
N onmanuf acturing
Housing
-Other
Farm
Statistical discrepancy
Households and institutions
Government
- Rest of the world
National income -
•
951.9 1,064.6 1,135.7 1,207.6
- - - -
Domestic income
Business
_
Nonfarm
~M. anuf acturing
- -
Housing
Other
Farm
Households and institutions
Government
Rest of the world
1,065.8 1, 188. 9 1,275.5 1,355.0 1,111.3 1, 153. 6 1, 172. 6 1,198.7 1,230.7 1,244.2 1,265.0 1,291.0 1,301.9 1,293.3 1,323.6 1,384.3 1,418.7 1,462.6 1,495-4
1,058.7 1,179.8 1,261.0 1,344.4 1, 103. 2 1,144.8 1,163.8 1, 190. 0 1 220. 71,227.0 1,252.6 1,277.2 1,287.1 1,283.9 1,313.0 1,373.0 1,407.6 1,449.6 1,484.8
884.1 990.3 1, 054. 7 1, 116. 1 922.6 960.7 976.3 999.1 1, 025. 2 1, 027. 6 1, 049. 3 1, 069. 0 1, 072. 6 1, 063. 4 1,087.7 1, 142. 4 1,170.9 1, 207. 1 1, 237- 6
857.8 945.9 1, 009. 6 1, 073. 2 892.6 923.4 934.8 951.7 973.6 981.2 1, 005. 3 1, 024. 8 1, 027. 1 1, 025. 8 1, 050. 3 1, 094. 2 1, 122. 2 1, 163. 6
268.1 299.4 308.2 315.5
589.8 646.5 701.3 757.7
87.4
80.6
73.9
68.8
521.0 572.6 620.7 670.3
44.1
44.1
38.5
38.5
26.6
34.7
40.3
48.0
36.5
24.6
37.0
36.3
41.8
31.1
37.3
42-3
43.1
42.6
36.3
2.4
4.4
3.4
2.6
1.1
3.2
3.6
6.6
7.1
2.6
7.7
9.3
6.4
.1
1.7
5.1
6.1
7.2
41.1 42.0
37.9
49.7
38.8
37.2
40.5
44.7
40.0
42.7
46.4
44.0
45.7
48.1
49.0
50.4
51.5
53.3 — 5i~7
137.4 149.1 161.6 178.5 142.7 145.3 147.5 149.9 153.6 156.7 159.2 162.5 168.1 172.4 re. 3 180. 1 185.2 189.2 192-5
8.8
8.7
10.0
17.2
10.6
8.8
14.5
8.1
12.4
14.8
7.0
13.8
9.4
9.1
10.6
10.5
11.3
13.0
11.1
_ . .
991.7 1,030.9 1,051.2 1,073.6 1,102.7 1,113.5 1, 125. 6 1, 147. 6 1, 156. 3 1,149.7 1,182.7 1,233.4 1,264.6 1,304.7
944.9 1,055.5 1, 121. 2 1,197.0
770.3 866.0 914.9 968.7
744.3 824.2 878.3 931.9
248.5 278.7 287.6 294.2
495.8 545.5 590.7 637.7
55.1
60.1
46.8
49.9
449.0 495.6 535.5 577. 6
36.9
36.6
41.8
26.0
44.7
49.7
37.2
40.5
137.4 149.1 161.6 178.5
10.6
7.0
14.5
9.1
983.5 1,022.1 1,042.4 1,064.9 1,092.7 1,098.4 1,113.2 1, 133. 8 1,141.5 1,140.2 1, 172. 1 1,222.1 1,253.5 1,291.7
802.9 838.0 854.8 8"3.9 897.2 897.0 910.0 925.6 927.0 919.8 946.8 991.5 1, 016. 8 1, 049. 2
774.8 802.8 814.4 830.0 849.5 854.8 874.7 891.1 892.5 890.2 911.1 950.2 976.0 1, 014. 9
28.1
37.9
142.7
8.1
35.2
38.8
145.3
8.8
40.4
40.0
147.5
8.8
43.9
41.1
149.9
8.7
47.7
42.0
153.6
10.0
42.2
42.7
156.7
17.2
35.3
44.0
159.2
12.4
34.6
45.7
162.5
13.8
34.5
46.4
168.1
14.8
29.6
48.1
172.4
9.4
35.7
49.0
176.3
10.6
41.3
50.4
180.1
11.3
40.8
51.5
185.2
11.1
40-2
54.7
192.5
10.5
34.3
53.3
189.2
13.0
Table 1.12.—Net National Product and National Income by Sector and Industry in Constant Dollars
[Billions of 1972 dollars]
1972
1972
1973
1974
1975
IV
1973
I
II
1974
III
IV
I
II
1975
III
IV
I
II
1976
III
IV
I
II P
Seasonally adjusted at annual rates
1,065.8 1,123.3 1,096.9 1,070.1 1,096.2 1,120.9 1,119.7 1,124.4 1,128.2 1,115.2 1,104.2 1,095.2 1,072.8 1,041.4 1,056.2 1,087.1 1,095.8 1,121.8 1,134.1
Net national product
1,058.7 1,115.7 1,089.8 1,065.3 1,088.3 1, 112. 7 1,112.2 1,117.3 1,120.8 1,104.5 1,098.7 1,089.7 1,066.3 1,037.3 1,051.3 1,081.9 1,090.7 1,115.9 1,129.3
884.1 938.8 910.1 882.6 912.5 937.3 935.4 939.6 942.8 925.7 919.5 909.4 886.1 855.8 869.0 898.6 906.8 930.6 943.2
857.8 909.7 879.2 855.3 884.3 907.4 • 907.9 912.0 911.4 898.9 886.6 877.5 853.7 827.7 844.4 869.6 879.5 902.3
268.1 291.5 274.4 247.1
589.8 618.1 604.8 608.2
76.0
68.8 72.0
79.7
521.0 546.1 528.7 528.5
22.1
24.0
24.2
35.4
25.6
23.6
23.2
23.4
21.9
23.9
25.9
25.4
24.2
23.5
25.4
27.2
24.6
25.5
26.0
8.6
3.5
8,4
4.5
5.6
4.7
8.3
7.5
4.6
5.9
4.9 -1.3
1.7
4.9
1.8
1.8
1.9
2.8
38.0 38.4 38.5 38.2 38.1 38.5 37.9
38.3 38.4
40.1
37.5 37.4
37.2 38.1 38.2 38.5
38.5 38.8 39.8
137.4 138.9 141.5 144.2 138.4 137.9 138.9 139.2 139.5 140.7 141.1 141.9 142.4 143^.1 143.9 144,7 145.1 145.5 146.0
6.4
7.4
4.8
8.2
10.7
4.1
4.8
7.8
4.8
7.5
7.2
5.5
5.6
7.6
7.0
5.3
5.9
7.0
5.1
Net domestic product
Business
Nonfarm
Manufacturing
Nonmanuf acturing
Housing
Other
Farm
Residual l
Households and institutions
Government
Rest of the world
- -
976.3
998.9
997.8
999.5 1,003.3
992.8
978.1 969.4
947.9
919.9
939.8
966.8
973.7
997.0
944.9 992.3 965.0 945.2 968.4
770.3 815.3 785.3 762.5 792.6
744.3 789.5 760.3 735.7 767.9
248.5 270.7 254.1 226.9
495.8 518.8 506.2 508.7
54.2
49.0
51.7
46.8
449.0 469.8 454.5 454.6
24.7
25.8
26.0
25.0
26.8
37.2
38.1 38.2 38.5 37.5
137.4 138.9 141.5 144.2 138.4
4.8
7.8
7.0
7.0
7.6
990.7
815.4
788.1
990.2
813.4
787.9
992.3
814.7
791.2
995.9
817.9
790.9
982.1
803.3
779.4
972.6
793.4
767.5
963.8
783.5
758.4
941.4
761.2
735.8
915.8
734.3
709.9
934.9
752.6
725.2
961.5
778.3
749.5
968.6
784.7
758.1
991.1
805.8
778.9
27.3
37.4
137.9
8.2
25.4
38.0
138.9
7.5
23.4
38.4
139.2
7.2
27.1
38.5
139.5
7.4
23.9
38.2
140.7
10.7
25.9
38.1
141.1
5.5
25. i
38.5
141.9
5.6
25.3
37.9
142.4
6.4
24.4
38.3
143.1
4.1
27.4
38.4
143.9
4.8
28.8
38.5
144.7
5.3
26.7
38.8
145.1
5.1
26.8
39.8
145.5
5.9
951.9
National income
Domestic income
Business
Nonfarm
.
"M. anuf acturing
N onmanuf acturing
Housing
Other
Farm
Households and institutions
Government
Rest of the world
-
-
-_.
999.8
972.0
950.0
TO Preliminary.
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry. The quarterly estimates
are obtained by interpolating the annual estimates with the statistical discrepancy deflated
by the implicit price deflator for gross domestic business product.
27.6
40.1
146.0
4.8
NOTE.—The industry classification within the business sector is on an establishment basis
and is based on the 1967 Standard Industrial Classification.
SURVEY OF CURRENT BUSINESS
July 1976
29
Table 1.13.—National Income by Type of Income
1973
1972
1972
1974
1973
1974
1975
IV
I
II
III
Millions of dollars
IV
I
II
1975
III
IV
I
II
1976
III
IV
I
HP
Billions of dollars, seasonally adjusted at annual rates
951,935 1,064,577 1,135,749 1,207,584 991.7 1,030,9 1,051.2 1,073.6 1,102.7 1,113.5 1,125.6 1,147.6 1,156.3 1,149.7 1,182.7 1,233.4 1,264.6 1,304.7
National income
715,145 799, 194
875,823
928,781 741.4
771.2 790.0
807.2
828.4
846.3 866.3 888.8
901.8
904.0
912.9
935.2
963.1
994.4 1,016.9
633,765 701, 214
^Vaces find. salaries
Government and government
764, 486
806, 663 656.6
677.3 693.7
708.0
725.9
739.7
786.0
785.8
792.8
811.7
836.4
861.5
880.7
137,589 148, 584
496,176 552, 630
Other
Supplements to wages and salaries. .81, 380 97, 980
160, 360
604, 126
111, 337
175, 833 143.2
630, 830 513.4
122, 118 84.8
144.9
532.4
93.9
147.0
546.7
96.4
149.3 153.1 155.5
558.7 572.8 584.2
99.2 102.5 106.6
158.1 161.1 166.7
598.6 614.4 619.3
109.6 113.3 115.8
170.0
615.7
118.2
173.8
619.0
120.1
177.3
634.4
123.5
182.2 185.4
654.1 676.1
126.7 132.9
188.7
692.1
136.2
49, 289
48, 691
55, 838
55, 499
59, 658
62,460
40.4
44.4
47.7
46.2
48.6
47.8
49.7
49.5
92,421
86,930
90,168
79.0
86.1
90.7
94.6
24,864
19.8
26.1
30.8
33.9
Compensation of employees ........
Employer contributions for social
39, 424
insurance
41, 956
O ther labor income
Proprietors' income with inventory
valuation and capital consumption
76, 138
51.2
51.3
756.7
775.6
54.0
52.6
55.2
54.5
56.8
56.4
57.4
58.5
58.2
60.0
58.7
61.4
60.2
63.3
61.6
65.2
65.9
67.1
67.1
69.0
98.3
91.2
85.0
86.0
85.5
81.1
86.8
95.5
97.2
93.2
100.0
37.3
31.6
24.6
23.8
23.3
17.9
24.1
29.2
28.3
21.9
27.5
18,003
32,003
25, 825
20,013
34, 218
58, 135
Proprietors' income without inventory valuation and capital
56, 358
consumption adjustments
Inventory valuation adjustment.. -746
Capital consumption adjustment. 2,523
60, 418
28,426
-2,601
61, 105
28,649 21.8
-3, 785 -2.0
65, 304 59.2
28.3
-2.2
60.0
33.0
-2.2
59.9
36.1
-2.2
60.8
39.5
-2.2
61.0
33.9
-2.3
59.6
26.9
-2.3
60.4
26.4
-2.6
62.2
26.4
-3.1
62.2
21.4
-3.5
63.2
27.8
-3.7
62.7
33.1
-3.9
66.3
32.3
-4.1
69.0
26.1
-4.2
71.4
31.7
-4.2
72.6
60, 336
-1,749
1,831
63, 111
-3, 625
1,619
65, 162 57.5
-1, 140 -1.2
2.9
1,282
59.9
-1.9
2.0
60.5
-2.4
1.8
60.5
-1.4
1.8
60.5
-1.3
1.7
60.7
-2.8
1.7
61.8
-3.0
1.6
65.4
-4.8
1.6
64.6
-3.9
1.6
63.0
-1.3
1.5
62.3
-.9
1.4
66.1
-1.1
1.2
69.2
-1.2
1.0
71.1
-.7
.9
73.0
-1.3
.9
Rental income of persons with capital
21,543
consumption adjustment
21,564
21,022
22.1
21.2
21.5 21.5 20.9 20.6
21.0 21.5 21.9 22.3 22.4 22.9 23.3
30.5 3"!. 6 32.4 32.4 32.6 33.5 34.6 35.6 36.6 37.3 38.4 39.6
-9.4 -10.1 -10.9 -11.5 -12.0 -12.5 -13.1 -13.6 -14.2 -14.9 -15.5 -16.3
23.1
\Proprietor' s income with inven\tory valuation adjustment and
without capital consumption
Capital consumption adjustment. -2,010 -2, 215
22,403
22.7
Rental income of persons.
- . 29, 414 31, 322 33, 302 36, 961 30.9
Capital consumption adjustment- .. -7,871 -9, 758 -12,280 -14,558 -8.1
Corporate pro fits with inventory valuation and capital consumption adjust-
30.7
-8.7
92,081
99,064
84,847
91,604
99.0
101.1
98.1
97.8
99.3
95.7
87.8
81.7
74.1
69.0
Corporate profits with inventory
valuation adjustment and without capital consumption adjust89, 559
ment
97, 174
87, 838
103, 134
96.2
98.7
96.1
96.0
97.9
95.9
89.7
85.2
80.4
Profits before tax
Profits tax liability
-- Profits after tax
Dividends
Undistributed profits .
Inventory valuation adjustment..
86.6
105.3
105.6
115.1
77.7
97.9
117.9
119.1
129.6
96, 156 115, 758 127, 620 114, 549 105.8 115.3 117.7 113.0 117. 1 126.3 126.4 138.6 119.2
94.2
49, 245 45.4
48.9 49.8 47.5 48.6 50.5 53.0 57.6 48.6 40.2
41, 535
52, 434
48, 702
66.5 67.9 65.4 68.5 75.8 73.3 81.0 70.6 54.0
o4, 621
65,304 60.4
75, 186
67, 056
32, 105 25.4
26.5 27.3 28.1 29.3
29.9
24, 597
27, 792
30, 756
30.7 31.3 31.1 31.7
33, 199 34.9
44, 430
40.0 40.6 37.4 39.1 45.9 42.6 49.7 39.5 22.3
39, 264
0,024
-6,597 -18,584 -39, 782 -11, 415 -9.6 -16.7 -21.5 -17.0 -19.1 -30.4 -36.6 -53.4 -38.8 -16.5
105.8
44.8
61.0
31.9
29.1
-7.8
Capital consumption adjustment... 2,522
Net interest
39.6
-16.5
7,028
1,890
52,334
-2, 991 -11, 530
67,127
74,628
2.7
2.4,
2.0
1.8
1.4
-.2
-1.9
-3.5
-6.3
-8.6 -11.4
49.6
50.4
51.2
52.5
55.3
59.4
65.9
70.0
73.2
73.7
74.0
126.9 131.3 141.1
54.8 57.2 61.4
72.1 74.1 79.7
32.6 32.2 33.1 "~34.~4
39.5 41.9 46.6
-9.0 -12.3 -11.5 ~-i4.~2
-12.6 -13.5 -14.5
74.9
75.8
-15.4
78.6
80.3
ppreliminary.
Table 1.14.—'National Income by Sector, Legal Form of* Organization, and Type of Income
[Millions of dollars]
1972
National income
.
..
-
Business
1973
1974
951, 935 1, 064, 577 1, 135, 749
1,207,584
770, 296
865, 988
914, 901
968, 727
C orporate business
.
C ompensation of employees
Wages and salaries
-.
Supplements to wages and salaries
Corporate profits with inventory valuation
and capital consumption adjustments
Profits before tax .
..
Inventory valuation adjustment
Capital consumption adjustment
Net interest
564, 296
470, 632
411, 367
59, 265
630,773
533, 507
461, 309
72 198
670, 508
586, 913
505, 254
81,659
709, 411
612, 827
524, 828
87, 999
87, 236
91,311
—6,597
2 522
6,428
92, 242
108, 936
— 18,584
1 890
5,024
73, 690
116, 463
-39, 782
—2 991
9,905
8.5, 442
108, 387
— 11,415
— 11 530
11 142
Sole proprietorships and partnerships 2
Compensation of employees
Wages and salaries
Supplements to wages and salaries.. .
Proprietors' income with inventory valuation
and capital consumption adjustments
Farm
Proprietors' income with inventory
valuation adjustment and without
capital consumption adjustment
Capital consumption adjustment
Nonfarm
.
.
~
Proprietors' income without inventory
valuation and capital consumption
adjustments
Inventory valuation adjustment . .
Capital consumption adjustment
. ..
Net interest
134, 548
50 643
46 442
4,201
157, 084
54 902
49 909
4,993
158, 210
58 627
53,234
5,393
164, 904
61 106
55 435
5,671
75, 559
18, 003
91, 800
32, 003
86, 201
25, 825
89, 405
24,864
20, 013
-2,010
57, 556
34, 218
-2,215
59, 797
28, 426
-2,601
60, 376
55, 767
-746
2,535
8,346
59, 628
-1,749
1,918
10, 382
62, 259
-3, 625
1,742
13,382
l
1973
1974
61 408
4 487
4 116
67 175
4 916
4 503
621
729
763
22 403
36* 961
— 14 558
44 706
1975
Business— Continued
Other private business 3
.
56, 335
Compensation of employees
4 118
Wages and salaries
3,810
Supplements to wages and salaries
. ..
308
Proprietors' income with inventory valuation
and capital consumption adjustments
579
Rental income of persons with capital consumption adjustment
21, 543
Rental income of persons
29, 414
Capital consumption adjustment .
— 7,871
Net interest
30 095
371
21
33
—12
40
022
302
280
508
15, 117
15, 117
13 480
1,637
16, 723
16 723
14 837
1*886
19
19
16
2
008
008
710
298
Households and institutions
Compensation of employees
Wages and salaries
Supplements to wages and salaries
37, 218
37, 218
34 512
2,706
40, 469
40, 469
37 252
3 217
44 701
44 701
41 089
3 612
28 649
-3, 785
64, 541
Govern ment
Compensation of employees
Wages and salaries
Supplements to wages and salaries
137, 372
137, 372
124, 109
13, 263
149 062
149 062
133, 747
15, 315
64 251
-1,140
1,430
14, 393
Rest of the world
Compensation of employees
Corporate profits
Net interest
Government enterprises 4
Compensation of employees
Wages and salaries
Supplements to wages and salaries
7,049
45
4,845
2,159
21
31
—9
34
413
564
322
758
736
1. Consists of the domestic activities of all entities filing corporate tax returns, mutual
financial institutions, private noninsured pension funds, cooperatives subject to Federal
income taxes, nonprofit organizations serving business, Federal Reserve banks, and federally
sponsored credit agencies.
2. Sole proprietorships consists of the business activities reported on the individual income
tax return in Schedule C—Profit (or Loss) From Business or Profession and Schedule F—
Farm Income and Expenses, farm dwellings, and subsistence farms. Partnerships include all
entities filing partnership income returns.
1972
1975
161
161
143
17
612
612
650
962
73 205
5* 333
4 870
463
21
21
18
2
207
207
409
798
49 730
49 730
45 649
4*081
178
178
157
21
530
530
424
106
9,058
14 535
10 597
6,822
2,192
11 157
3,332
6,162
4,387
44
46
48
3. Consists of all business activities reported on the individual income tax return in Sched"
ule E—Supplemental Income Schedule; tax-exempt cooperatives; and owner-occupied nonfarm dwellings and buildings owned by nonprofit institutions serving individuals, which are
considered to be business establishments selling their current services to their owners.
4. Consists of those activities of government whose operating costs are at least to a substantial extent covered by the sale of goods and services to the public. Interest paid and interest
received are excluded from costs and sales, respectively, in judging whether the activity
qualifies as a government enterprise.
SUKVEY OF CURKENT BUSINESS
30
July 1976
Table 1.15.—^Gross Domestic Product of Corporate Business
1972
1972
1973
1975
1974
IV
1973
I
II
1974
III
I
IV
II
1975
III
IV
I
II
1976
III
IV
I
II *
Seasonally adjusted at annual rates
Billions of dollars
Gross domestic product of corporate
business..
- 708.9
Capital consumption allowances with capital consumption adjustment
Net domestic product
Indirect business taxes 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
. . --. ... -
789.5
848.5
911.0
737.8
767.6
794.4
781.0
814.8
824.9
844.9
861.4
862.7
863.1 891.2
932. 1 957.5
991.0
65.4
643.5
71.9
717.6
84.6
763.9
100.9
810.0
67.3
670.5
68.8
698.8
70.9
710.1
72.2
722.3
75.6
739.2
78.7
746.2
82.4
762.5
86.5
774.9
90.7
772.1
95.0
768.0
99.3
791.9
103.1 106.4
828.9 851.2
108.8
882.2
111.6
79.3
564.3
470. 6
411.4
59.3
87.0
630.6
533.3
461.3
72.0
93.0
670.9
587.3
505.8
81.5
100.8
709.2
612.7
524.9
87.8
82.4
588.0
487.8
426.0
61.8
85.3
613.5
513.6
444.6
69.0
86.7
623.4
527.3
456.4
70.9
87.4
634.8
539.0
466.2
72.7
88.8
650.4
553.3
478.0
75.2
89.8
656.4
567.9
489.7
78.2
92.5
670.0
581.9
501.5
80.4
94.9
680.0
597.4
514.6
82.8
94.7
677.4
602.1
517.6
84.5
95.5
672.5
598.1
512.8
85.3
99.3
692.6
601.4
515.0
86.4
103.1
725.8
616.0
527.5
88.5
105.2
746.0
635.0
544.1
90.9
105.2
777.0
657.9
562.4
95.5
107.4
85.4
87.2
92.2
73.7
91.3 108.9 116.5 108.4
52.4
49.2
41.5
48.7
60.2
49.8
59.1
64.0
30.4
24.6
29.8
21.7
33.6
35.6
29.3
28.1
-6.6 -18.6 -39.8 -11.4
2.5
1.9 -3.0 -11.5
6.4
11.1
9.9
5.0
673.6
575.6
98.0
91.6
91.3 91.6
63.2
94.5
81.1
63.5 80.3 98.8 99.2 107.4
78.8
71.6
93.0
99.5 120.4 125.0 133.4
88.7
99.8 108.8 111.1 106.5 109.4 111.7 117.4 128.5 108.2
47.5
48.6
45.4
49.8
50.5
48.6
40.2
57.6
44.8
61.4
48.9
53.0
54.8 57.2
61.2
61.3
58.9
60.8
64.4
54.4
59.6
48.5
59.9
70.9
54.7
65.6
67.8 72.0
24.1
27.2
23.2
33.4
25.3
25.9
29.5 30.2
33.3
27.9
29.7
21.9
29.9
28.9 32.7
37.2
34.9
32.5
33.7
34.0
31.1
37.6
18.8 25.3 35.4 37.9
36.7
31.7
43.1
-9.6 -16.7 -21.5 -17.0 -19.1 -30.4 -36.6 -53.4 -38.8 -16.5
-7.8 -9.0 -12.3 -11.5 -14.2
1.4
2.4
1.8
-.2 -1.9
-3.5 -6.3 -8.6 -11.4 -12.6 -13.5 -14.5 -15.4
2.0
2.7
5.4
4.6
4.6
5.5
7.4
7.2
9.2
12.1
10.9
10.9
10.9
11.7
11.7
12.0
11.0
Gross domestic product of financial
corporate business 1
37.9
37.5
38.4
40.6
38.7
38.3
37.9
36.8
36.7
36.9
37.5
39.8
39.5
40.8
Gross domestic product of non financial corporate business
671.0
752.0
810.0
870.4
699.1
729.2
743.1
757.6
778.1
787.9
807.5
821.5
823.3
822.3
851.1 892.0
916.1 949.0
62.6
608.4
68.7
683.3
80.8
729.3
96.6
773.8
64.4
634.7
65.7
663.5
67.9
675.2
68.9
688.7
72.2
705.9
75.2
712.8
78.7
728.7
82.6
738.9
86.6
736.6
90.9
731.5
95.0
756.1
98.7
793.3
101.9
814.2
104.2
844.8
73.5
534.8
443.8
388.3
55.5
80.5
602.8
503.8
436.2
67.5
86.1
643.2
554.7
478.1
76.6
93.4
680.4
577.1
494.6
82.5
76.5
558.1
460.3
402.3
57.9
79.0
584.5
485.0
420.3
64.7
80.2
595.0
498.1
431.6
66.5
80.8
607.8
509.1
440.9
68.3
82.0
623.8
522.7
452.1
70.6
83.0
629.8
536.6
463.0
73.6
85.6
643.1
549.9
474.2
75.7
87.9
651.0
564.3
486.4
77.9
87.7
649.0
568.0
488.7
79.4
88.4
643.1
563.4
483.3
80.2
92.0
664.2
566.2
485.0
81.1
95.6
697.7
580.3
497.2
83.2
97.6
716.7
598.5
513.0
85.5
99.4
97.4
747.4
620.3 ~635.~i
530.5 543.0
92.2
89.9
Capital consumption allowances with
capital consumption adjustment.
Net domestic product
Indirect business taxes 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 adustment
Capital consumption adjustment
Net interest
59.6
72.5
76.0
72.0
95.5
92.7 102.3
75.9
39.7
39.6
42.6
33.5
42.4
53.1
59.8
55.8
23.9
30.4
21.7
29.0
29.2
29.4
20.7
26.7
-6.6 -18.6 -39.8 -11.4
2.7
1.8 -3.0 -11.6
23.1
19.1
30.8
29.0
40.1
40.0
41.5
42.0
106.8
74.7
66.3
86.1 93.2
77.3
78.3
75.0
75.8
64.9
67.0
50.1 49.6
67.8 86.6
92.6
94.3
90.3
93.7
96.9 103.4 113.9
95.1 74.8 87.0 108.3 112.0 119.4
84.0
35.4
51.1
40.2
40.6
39.4
40.6
37.2
38.3
47.5
43.3
39.0 30.2
45.8 47.6
68.3
53.6
54.3
56.4
66.4
56.1 44.5 51.7
62.5 64.4
52.4
52.0
60.2
46.9
23.3
24.5
33.2
24.9
26.9
33.2
28.1 29.5 29.0 29.1 28.6 28.2 31.9
22.0
22.8
30.3
27.5
29.3
33.2
22.7
33.4
35.9
29.6
26.9
28.0
15.0
40.1
24.9
29.5
-9.6 -16.7 -21.5 -17.0 -19.1 -30.4 -36.6 -53.4 -38.8 -16.5 -7.8 -9.0 -12.3 -11.5 -14.2
1.7
1.3
-.3 -1.9
2.4
2.0
-3.5 -6.3 -8.6 -11.4 -12.7 -13.6 -14.7 -15.5
2.9
23.7
28.4
30.9
21.1 22.3
25.3
29.7
30.0 30.2 30.8 32.0 33.9 35.2
26.8
20.6
Billions of 1972 dollars
Gross domestic product of nonfinancial corporate business
. 671.0
Capital consumption allowances with capital consumption adjustment
Net domestic product
Indirect business taxes and nontax liability plus business transfer payments less
subsidies
Domestic income
720.4
698.7
676.8
691.6
715.8
720.0
722.3
723.4
717.1
707.8
696.9
675.2
653.1
668.1
688.9
696.1
713.9
62.6
608.4
65.8
654.6
69.4
629.3
72.6
604.2
63.4
628.2
64.5
651.3
66.0
654.1
65.7
656.6
67.2
656.2
68.1
649.0
69.0
638.8
69.8
627.1
70.6
604.6
71.4
581.6
72.2
595.9
73.0
616.0
73.8
622.3
74.6
639.3
75.4
73.6
534.8
78.7
575.9
78.0
551.3
78.5
525.7
75.7
552.5
78.0
573.3
78.5
575.6
79.2
577.4
79.1
577.1
78.3
570.7
78.2
560.7
78.2
548.9
77.3
527.3
77.2
504.5
78.3
517.6
78.9
537.0
79.8
542.5
81.3
558.0
82.1
Preliminary.
1. Consists of the following industries; Banking; credit agencies other than banks;
security and commodity brokers, dealers, and services; insurance carriers; regulated investment companies; small business investment companies; and real estate investment trusts.
Table 1.16.—Auto Output
[Billions of dollars]
1972
1972
1973
1974
1975
IV
1974
1973
I
II
III
I
IV
II
1976
1975
III
IV
I
II
III
IV
I
HP
Seasonally adjusted at annual rates
45.1 50.7
42.7
45.8
47.5
41.4
36.3
44.1
52.0
51.0
61.2
63.5
Final sales
- .
- .
45.3
39.4
Personal consumption expenditures. _
New autos
. .. .-. ._ ...
. .. ._. . 32.1
7.3
Net purchases of used autos
7.6
Producers' durable equipment .
New autos
10.3
-2.8
Net purchases of used autos
-2.3
Net exports
Exports
..
- . . . . 3.0
5.3
Imports
.6
Government purchases of goods and services
-.1
Change in business inventories of new and used autos. ... -.1
New
o
Used
49.7
42.9
34.5
8.4
8.5
11.9
-3.3
-2.2
3.8
6.0
.5
1.0
1.0
1
41.9
36.1
27.4
8.7
8.0
11.7
-3.8
-2.7
4.6
7.3
.5
.8
.9
1
47.2
40.3
29.7
10.5
8.0
13.0
-5.0
-1.6
5.5
7.1
.5
-1.3
-1.5
2
48.5 53.0 51.8 49.5 44.4 40.5 41.6 47.0 38.5
41.7 45.9 44.6 42.4 38.7 35.0 36.6 40.4 32,4
34.3 37.5 36.5 34.0 30.2 27.7 27.9 31.0 22.9
9.4
8.4
7.4 8.7
9.3
7.4
8.5
8.5
8.1
9.1
7.0
8.6
8.9
7.2
8.0 7.7
9.1
9.0
11.5 12.2 12.5 12.4 10.3 11.0 11.4 13.7- 10.8
-2.9 -3.3 -3.4 -3.4 -3.2 -3.0 -3.7 -4.6 -3.8
-2.3 -2.2 -2.4 -2.4 -1.9 -3.0 -3.2 -3.0 -1.5
4.2
4.8
5.3
4.2
3.6
3.6
3.8
4.3
3.3
7.8
6.2
7.2
6.7
6.1
7.5
5.6
5.8
6.0
.6
.6
.5
.5
.5
.5
.5
.5
.5
2.9
1.2
.5
1.3
-1.8
3.1 -1.4
-1.0
1.3
.5
-1.2
1.3
1.3 -1.7
3.3 -1.2
1.1 3.1
i _ 2
2
o
1
2 _ i
o
o
42.5
36.0
27.6
8.4
7.3
11.1
-3.8
-1.3
4.7
6.1
.6
-6.3
-6.4
.1
44.4
37.1
27.2
10.0
7.7
12.2
-4.5
-1.0
5.2
6.2
.6
-.3
-.3
.0
50.0
42.8
31.5
11.3
8.9
14.8
-5.8
-2.3
5.8
8.1
.5
2.0
1.7
.3
51.8
45.1
32.6
12.4
8.1
14.0
-5.9
-1.9
6.2
8.2
.5
-.8
-1.1
.3
59.7
52.6
39.4
13.2
9.4
15.4
-6.0
-2.8
6.1
8.9
.6
1.5
1.3
.2
61.1
54.2
40.0
14.3
8.7
15.7
-7.0
-2.3
6.5
8.8
.5
2.3
1.9
.5
Addenda:
Domestic output of new autos l . .
Sales of imported new autos 2
42.9
9.0
35.2
9.0
37.4
10.3
28.7 36.1 43.5
10.1 10.0 10.9
41.3
10.0
50.7
10.0
52.0
11.4
Auto output
See footnote to table 1.17.
- - - - -
...
- 37.5
8.0
39.9
8.7
54.3
46.1
9.3
53.0
45.6
9.1
47.8
40.4
8.8
47.6
39.4
9.0
39.1 42.1
31.3
9.4
34.7
7.9
48.2
39.4
10.2
35.4
8.4
SURVEY OF CURRENT BUSINESS
July 1976
31
Table 1.17.—Auto Output in Constant Dollars
[Billions of 1972 dollars]
1972
1972
1973
1974
1975
IV
1973
I
II
1975
1974
III
IV
I
1976
II
III
IV
I
38.6
45.0
42.6
50.4
51.2
49.1 53.3 51.7 49.2 43.9 40.6 40.1 43.2 33.8 38.0 38.5 43.2 43.4 49.5
42.0 45.6 43.9 41.4 37.5 34.5 34.3 36.1 27.5 31.1 31.0 35.3 36.1 41.7
34.7 37.8 36.5 33.8 30.1 27.4 27.0 28.9 20.6 24.7 23.7 27.4 27.6 32.7
7.2
7.4
7.8
7.6
7.4
7.1
7.3
7.3
6.9
6.4 7.2 8.0 8.5 9.0
9.2
7.2
9.4
9.1
8.8
7.8
8.7
7.5
6.6
6.9 7.1 8.5 7.5 8.4
11.6 12.3 12.5 12.4 10.3 10.9 11.0
12.7
9.7
9.9 10.7 12.8 11.8 12.7
-2.8 -3.1 -3.2 -3.2 -3.1 -3.1 -3.6 -4.0 -3.1 -3.0 -3.5 -4.3 -4.3 -4.3
0
5
-2.3 -2.0 -2.0 -1.8 -1.2 -2.1
2 2
2 1
-.6 -1.1
4.2
3.3
3.6
3.8
3.6
4.1
4.2
4.4
4.7 4.2 4.6 4.9 5.2 5.1
5.7
5.6
5.6
5.6
5.4
6.2
6.3
6.5
5.5 4.6 4.7 6.0 5.8 6.2
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.5
.4
.5
-1.0
1.4
1.3 -1.7
3.2 -1.6
.1
3.0 -5.3
.9
.1 1.8 -.8
.9
-1.2
1.3 -1.6
1.3
3.3 -1.4
.2
3.2 -5.4
.8
.1 1.6 -1.1
.7
.1 —.1
.1
.2
.0 -.1 -.2 -.2 — . 1
2
2
.0
o
2
49.5
41.6
33.0
8.6
8.3
12.9
-4.6
-.8
5.4
6.3
.5
1.7
1.4
3
I
II
III
IV
II"
Seasonally adjusted at annual rates
Auto output- _ __. ..
.
45.1 50.6
Final sales
Personal consumption expenditures.
New autos . . .. ..
... .
Net purchases of used autos _
Producers' durable equipment
.
New autos
Net purchases of used autos
Net exports
Exports
Imports
Government purchases of goods and services
Change in business inventories of new and used autos
New
Used
Addenda :
Domestic output of new autos *
Sales of imported new autos 2
40.0
39.7
45.3
39.4
32.1
7.3
7.6
10.3
-2.8
-2.3
3.0
5.3
.6
-.1
-.1
.0
39.4
33.1
26.0
7.2
7.7
11.1
-3.4
-1.8
4.3
6.2
.5
.6
.7
-.1
40.8
33.4
25.9
7.5
7.5
11.3
-3.8
-.6
4.7
5.3
.5
-1.1
-1.2
.1
42.9 33.2
9.1 8.5
32.5
8.9
37.5
8.0
49.5
42.1
34.6
7.5
8.7
11.9
-3.2
-1.8
3.8
5.6
.5
1.0
1.1
.0
48.1
40.5
8.9
v Preliminary.
1. Consists of final sales and change in business inventories of new autos produced in the
United States.
Table 1.18.—Farm Output, Gross Product, and Income
53.1
54.6
46.5
9.3
45.6
9.1
47.5
40.3
8.8
47.1
39.3
9.0
39.0
31.0
9.3
40.2
33.6
7.7
- . . . . 67,019
Cash receipts from farm marketings and Commodity
Credit Corporation loans
Crops
Livestock
. . . . .
Other farm income.-.
Farm products consumed on farms
Change in farm inventories ._
Gross rental value of farm dwellings
61, 441
25 771
35, 670
663
831
610
3 474
1973
1974
96,304
98,384
100, 236
Less: Intermediate goods and services consumed
34, 453 45, 540 49, 093
Intermediate goods and services consumed, other
than rent
29, 979 38, 559 42, 282
4,474 6,981 6,811
Net rent paid to nonoperator landlords
49, 209
-524
42, 510
6,699
-841
-735
Equals: Gross farm product
32, 042 50,088 48,450
Less: Capital consumption allowances with capital consumption adjustment..
_ .. 7,439 8,413 9,997
5 421 6,191 7 374
Capital consumption allowances
-2, 018 -2, 222 -2, 623
Less: Capital consumption adjustment
2,095
Indirect business tax and nontax liability. ..
2,144
2,280
50, 292
_. _. ..
Equals: Income * ..
_ . . - . _ ..
Compensation of employees
Proprietors' income with inventory valuation
and capital consumption adjustments
Corporate profits with inventory valuation and
capital consumption adjustments
Net interest
31.5
8.7
3,454
-676
467
2,278
1972
1975
89, 421
46, 519
42,902
1,002
1,268
3,010
5 535
Plus: Subsidies to operator landlords. __
25.7
9.0
37.7
9.5
35.0
8.5
42.2
8.3
42.9
9.4
Table 1.20.—Housing Output, Gross Product, and Income
87, 226 92, 875
41 290 51, 498
45 936 41, 377
813
894
1 104
1,300
3,248 -1,516
4 831
3 913
Plus: Other items
31.7
7.6
32.7
[Billions of dollars]
1972
.
36.6
9.5
36.8
2. Consists of personal consumption expenditures, producers' durable equipment, an
government purchases.
[Millions of dollars]
Farm output
44.1
11, 763
7,946
-3, 817
2,383
706
25, 962
4 542
41, 809
5 302
36, 640
6 078
36,852
6 516
18,003
32, 003
25, 825
24, 864
380
3,037
909
3,595
299
4,438
290
5,182
Housing output l.
Nonfarm housing
Owner-occupied
Tenant-occupied
1974
1973
1975
108.2
._.
Farm housing
118.6
131.5
144.8
104.8
74.0
30.8
114.7
81.3
33.4
126.6
90.2
36.4
139.3
99.7
39.6
3.5
3.9
4.8
5.5
Less* Intermediate goods and services consumed.
16.0
17.8
19.9
22.0
Equals : Gross housing product
92.2
100.9
111.6
122.8
21.7
14.0
-7.7
25.1
15.2
-9.8
28.8
16.1
-12.8
32.3
17.4
-14.9
23.7
25.6
27.2
29.3
Less: Capital consumption allowances with capital consumption adjustment
Capital consumption allowances
Less: Capital consumption adjustment
Indirect business tax and nontax liability plus business transfer payments
Plus: Subsidies less current surplus of government
enterprises
Equals: Income
. . ..
Compensation of employees
Proprietors' income with inventory valuation
and capital consumption adjustments
Rental income of persons with capital consumption adjustment
Corporate profits with inventory valuation
and capital consumption adjustments
Net interest
1.4
1.4
1.5
1.7
48.3
2.6
51.7
3.0
57.0
3.5
63.0
4.1
1.6
1.5
1.7
2.0
14.6
12.9
12.4
13.9
.5
29.0
.4
33.8
.3
39.1
.2
42.8
1. Equals personal consumption expenditures for housing less expenditures for transient
hotels, motels, clubs, schools, and institutions shown as other housing expenditures in table
2.6.
1. Equals U.S. Department of Agriculture's measure of total net farm income plus net
interest and compensation of employees other than corporate officers.
Table 1.19.—Farm Output, Gross Product, and Income in Constant Dollars
[Billions of 1972 dollars]
1972
Farm output
Cash receipts from, farm marketings and Commodity Credit
Corporation loans
Crops
Livestock
Other farm income
Farm products consumed on farms
Change in farm inventories
Gross rental value of farm dwellings - . .
1973
1974
67 0
68 5
65 3
66 0
60 3
26 6
33 7
7
.9
9
31
Less: Intermediate goods and services consumed.
34.5 35.8 32.7
Intermediate goods and services consumed, other than rent. 30.0 31.0 28.9
Net rent paid to nonoperator landlords.
4.5 4.8 3.8
31.4
27.4
4.0
Plus* Other items
1975
-0.5 -0.4 -0.6
.
Equals: Gross farm product
61.4 61.3 60 7
25 8 27 2 26 8
35 7 34 0 33 9
7
g
7
.8
.9 1.0
6 23 — 4
3 5 3.3 3 2
1974
-0.5
32.0
32.3
32.0
34.1
7.4
2.1
8.1
2.1
8.6
2.0
8.7
2.2
1972
1975
- -
Less* Capital consumption allowances with capital consumption
adjustment
Indirect business tax and nontax liability _ .
Plus* Subsidies to operator landlords
1973
3.5
3.7
3.6
3.6
26.0
25.8
25.0
26.8
SURVEY OF CURRENT BUSINESS
32
July 1976
Table 1.21.—Housing Output, Gross Product, and Income in Constant Dollars
[Billions of 1972 dollars]
1972
Housing output 1 _ _
.
1974
1973
1975
1972
1973
1974
1975
108.2
118.9
124.0
duals: Gross housing product .
92 2
96 3
100 9
105
110.0
115.6
120.9
74.0
30.8
78.0
32.0
82.4
33.3
86.5
34.4
22 3
24 8
23 1
26 2
23
27
3.2
18.0
3.1
19.0
1.4
15
16
1
3.3
17.0
Less: Capital consumption allowances with capital consumption adjustment
Indirect business tax and nontax liability
Plus: Subsidies less current surplus of government enterprises
21.7
23.7
3.5
16.0
Owner-occupied,
Tenant-occupied
113.3
104.8
..
Non.fa.nn housing
Ejuals: Income
48 3
50 7
53 2
55
Farm housing
Less* Intermediate goods and services consumed
1. Equals personal consumption expenditures for housing less expenditures for transient
hotels, motels, clubs, schools, and institutions shown as other housing expenditures in
table 2.7.
2.—Personal Income and Outlay
Table 2.1.—-Personal Income and Its Disposition: Annually
1972
1972
1973
1974
IV
1975
I
II
IV
III
Millions of dollars
Personal income
Wage and salary disbursements
Commodity-producing industries J
• Manufacturing
. ,. .
Distributive industries 2
Service industries 3 _
Government and government
enterprises
1975
1974
1973
I
II
III
IV
I
1976
I
IV
III
II
HP
Billions of dollars, seasonally adjusted at annual rates
942,536 1, 052, 440 1,153,293 1,249,673 982.6 1,011.8 1,038.2 1,064.3 1,095.5 1,109.7 1, 136. 8 1,172.5 1, 194. 1 1,203.1 1,230.3 1,265.5 1,299.7 1,331.3 1,361.4
633,761
701,270
765,016
806,663 654.5
677.2 693.9
708.0
725.9
739.7
757.3 777.1 786.0
785.8
792.8
811.7
836.4
861.5
880.7
226, 677
175, 370
151,925
117, 903
253, 549
196, 186
168, 130
130, 995
273, 879
211, 403
184, 377
145, 870
275, 253
211, 658
195, 648
159, 929
235.0
182.7
156.8
121.6
244.2
189.5
162.1
126.1
250.8
194.5
166.5
129.5
256.2
197.7
169.9
132.6
263.0
203.1
174.0
135.8
266.6
205.2
178.0
139.6
271.9
209.6
183.0
143.7
278.8
215.6
187.3
148.3
278.1
215.2
189.3
151.8
269.9
206.8
191.0
154.8
269.1
206.9
192.5
157.4
276.2
212.5
196.8
161.3
285.8
220.3
202.3
166.1
295.3
229.6
208.3
172.4
302.9
235.4
212.6
176.6
175, 833 141.1
144.8
147.1
149.3
153.1
155.5
158.7
162.7
166.7
170.0
173.8
177.3
182.2
185.4
188.7
58.5
60.0
61.4
63.3
65.2
67.1
69.0
85.5
81.1
86.8
95.5
97.2
93.2
24.1
62.7
29.2
66.3
28.3
69.0
21.9
71.4
27.5
72.6
22.3
22.4
22.9
23.3
23.1
33.1
118.0
34.4
120.7
137, 256
148, 596
160, 890
Other labor income
41,956
48,691
55,499
62,460
44.4
Proprietors' income with inventory
valuation and capital consumption adjustments
76, 138
92,421
86,930
90,168
79.0
Farm
Nonfarm
46.2
86.1
47.8
49.5
51.3
52.6
54.5
56.4
90.7
94.6
98.3
91.2
85.0
86.0
18,003
58, 135
32,003
60,418
25, 825
61, 105
24, 864
65,304
19.8
59.2
26.1
60.0
30.8
59.9
33.9
60.8
37.3
61.0
31.6
59.6
24.6
60.4
23.8
62.2
23.3
62.2
17.9
63.2
Rental income of persons with
capital consumption adjustment... 21,543
21,564
21,022
22,403
22.7
22.1
21.2
21.5
21.5
20.9
20.6
21.0
21.5
21.9
100.0
Dividends
. ._
Personal interest income
24,597
74,612
27,792
84,051
30,756
101, 392
32, 105
110, 663
25.4
78.1
26.5
79.9
27.3
82.1
28.1
85.2
29.3
89.0
29.9
92.9
30.7
99.7
31.3
104.8
31.1
108.2
31.7
108.2
31.9
109.0
32.6
111.0
32.2
114.4
Transfer payments
104,099
118,886
140,256
175,210 113.2
115.0
117.1
120.1
123.3
128.8
136.3
144.2
151.8
163.7
175.5
179.1
182.5
188.6
187.7
60, 377
70, 117
81, 383
56.6
58.2
59.9
61.1
62.4
63.7
69.1
72.6
75.0
76.7
77.8
84.7
86.3
88.1
89.6
4,282
10, 442
6,639
11, 830
17, 295
14, 454
4.6
10.7
4.2
10.3
4.0
10.3
4.2
10.4
4.6
10.7
5.4
10.8
6.1
11.0
6.6
12.1
8.5
13.5
15.0
14.6
18.1
13.9
18.4
14.2
17.7
15.0
17.7
16.0
15.3
14.7
15, 621
18, 623
22, 078
14.3
14.6
15.0
16.1
16.8
17.5
18.0
19.1
19.9
21.0
21.6
22.4
23.3
23.8
24.9
7,178
20, 986
7,887
25, 160
9,186
30, 814
7.0
20.0
7.0
20.6
7.1
20.9
7.2
21.0
7.3
21.5
7.5
23.9
7.7
24.5
8.1
25.7
8.4
26.6
8.7
27.7
9.0
35.1
9.4
30.0
9.7
30.5
9.8
33.2
9.7
33.5
34, 170
42,235
47,578
49,999
34.7
41.3
41.9
42.7 . 43.1
46.4
47.3
48.2
48.5
49.4
49.5
50.1
51.0
53.4
54.3
Less: Personal tax and nontax payments _ _ _ _ _
_
141,237
150,777
170,367
145.1
147.3
157.8
161.3
167.4
174.5
178.3
179.3
142.2
174.0
179.8
183.8
189.6
Old-age, survivors, disability,
and health insurance benefits.. 49, 555
Government unemployment insurance benefits.
5,615
Veterans benefits
9,738
Government employee retirement benefits.
13, 455
Aid to families with dependent
children
6,875
Other
18, 861
Less: Personal contributions for
social insurance
168,816 145.6
152.9
Equals: Disposable personal income.. 801,299
901,663
982,926 1,080,857 837.0
866.6
890.9
911.4
937.7
948.4
969.5
998.0 1,015.8 1,023.8 1,088.2 1,091.5 1,119.9 1,147.6 1,171.8
Less: Personal outlays
751,929
831,339
910,717
996,893 781.5
807.2
821.7
839.8
856.6
875.8
901.6
930.4
935.0
956.7
983.6 1,011.1 1,036.2 1.068.0 1,089.3
Personal consumption expenditures. 733,034
Interest paid by consumers to
business
17, 861
Personal transfer payments to
foreigners (net).
1,034
809,885
887, 494
973, 216 761.8
787.2
801.0
818.2
833.1
853.3
878.7
906.8
911.1
933.2
960.3
20, 202
22, 207
19.1
19.8
20.6
21.3
21.4
21.9
22.6
22.9
22.5
22.4
Equals: Personal saving
Addenda:
Disposable personal income:
Total, billions of 1972 dollars
Per capita:
Current dollars ..
.
1972 dollars .
Population (mid-period, millions) .
Personal saving as percentage of
disposable personal income.
22,764
18.7
22.8
23.3
23.4
23.7
1,252
1,016
913
1.1
.9
.9
.9
2.2
1.1
1.0
1.0
1.0
.9
.9
.9
.9
1.0
1.0
49,370
70,324
72,209
83,964
55.4
59.4
69.1
71.7
81.1
72.6
67.8
67.6
80.8
67.2
104.5
80.5
83.7
79.5
82.5
801.3
854.7
840.8
855.5 827.1
845.1
852.7
858.2
862.1
846.7
840.6
841.7
834.0
827.9
869.7
857.1
867.5
880.4
890.2
3,837
3,837
208.8
4,285
4,062
210.4
4,639
3,968
211.9
5,062 3,995
4,007 3,948
213.5 209.5
4,130
4,027
209.9
4,238
4,056
210.2
4,327
4,074
210.6
4,443
4,085
211.0
4,487
4,006
211.4
4,579
3,970
211.7
4,705
3,968
212.1
4,779
3,923
212.6
4,809
3,889
212.9
5,102
4,078
213.3
5,105
4,009
213.8
5,227
4,049
214.2
5,347
4,103
214.6
5,452
4,142
214.9
6.2
7.8
7.3
6.8
7.8
7.9
8.7
7.7
7.0
6.8
8.0
6.6
9.6
7.4
7.5
6.9
7.0
7.8
6.6
v Preliminary.
1. Consists of agriculture, forestry, and fisheries; mining; contract construction; and
manufacturing.
2. Consists of transportation; communication; electric, gas, and sanitary services; and trade.
987.3 1,012.0 1,043.6 1,064.6
3. Consists of finance, insurance, and real estate; services; and rest of the world.
NOTE.—The industry classification of wage and salary disbursements and proprietors'
income is on an establishment basis and is based on the 1967 Standard Industrial Classification.
SUKVEY OF CURRENT BUSINESS
July 1976
33
Table 2.2.—'Personal Income: Seasonally Adjusted Monthly Totals at Annual Rates
[Billions of dollars]
Wage and salary disbursements
Personal
Year and month income
All
industries
Commodityproducing i
Distributive 2
Total
942.5
January
February. ..
March
April
May
June
July
August
September
October
November
December
1974
January
February
March
April
May
June
July
August.
September
October
November . _
December.. ..
1975
January
February
March
April.
May
June
July .
August -.
September
_
October
November ...
December
1976
January
February
March
April
May
June?
Divi- Personal
dends interest
income
Less:
Personal
Transfer contri- Nonagripaybutions cultural
ments for social income 4
insurance
971.7
984.1
992.0
633.8
649.1
653.8
660.6
226.7
232.6
235.2
237.3
175.4
180.3
182.8
185.0
151.9
155.7
156.3
158.5
117.9
120.9
121.0
122.8
137.3
140.0
141.4
142.0
42.0
43.9
44.4
44.8
18.0
18.1
19.8
21.4
58.1
58.5
59.7
59.4
21.5
23.4
22.8
22.0
24.6
25.2
25.4
25.6
74.6
77.0
78.1
79.2
104.1
110.9
114.8
113.9
34.2
34.5
34.7
34.9
917.3
946.2
956.9
963.0
1,052.4
1,000.2
1, 012. 6
1, 022. 4
1, 031. 1
1, 037. 8
1,045.7
1,054.1
1, 064. 0
1, 074. 8
1,086.2
1,096.7
1, 103. 6
701.3
670.4
677.8
683.5
689.7
693.4
698.7
703.3
707.2
713.5
719.7
726.7
731.3
253.5
241.6
244.4
246.6
249.2
250.5
252.7
254.7
255.6
258.4
260.5
263.4
265.2
196.2
187.2
189.9
191.3
193.8
194.3
195.4
196.4
197.4
199.4
201.1
203.4
204.7
168.1
160.1
162.3
163.9
165.1
166.6
167.8
168.5
169.9
171.2
172.6
174.4
175.0
131.0
124.5
126.2
127.5
128.8
129.3
130.5
131.6
132.3
133.8
134.4
135.7
137.3
148.6
144.0
144.9
145.5
146.6
147.1
147.7
148.5
149.5
150.1
152.3
153.2
153.9
48.7
45.7
46.3
46.8
47.3
47.8
48.3
48.8
49.5
50.1
50.7
51.3
51.8
32.0
23.6
26.1
28.6
30.2
30.8
31.4
32.5
33.9
35.3
37.0
38.2
36.7
60.4
59.9
60.2
60.0
59.9
60.1
59.6
60.9
60.8
60.7
60.9
61.1
60.9
21.6
22.3
22.1
21.8
20.9
21.1
21.5
21.3
21.6
21.7
21.7
21.5
21.4
27.8
26.2
26.5
26.8
27.2
27.3
27.4
27.6
28.2
28.4
28.8
29.1
30.2
84.1
79.2
79.8
80.7
81.1
82.0
83.2
84.0
85.1
86.5
87.5
88.8
90.7
118.9
114.0
115.3
115.8
116.6
117.2
117.6
118.3
120.3
121.6
122.8
123.3
123.9
42.2
41.0
41.4
41.5
41.7
41.9
42.1
42.5
42.6
42.9
42.9
43.2
43.2
1,011.9
968.7
978.6
985.6
992.9
998.5
1,005.8
1,013.0
1,021.5
1, 030. 8
1, 040. 2
1,049.4
1,057.7
1,153.3
1, 103. 8
1,109.3
1. 115. 9
1, 125. 3
1, 137. 3
1, 147. 9
1,164.0
1, 172. 2
1, 181. 5
1, 191. 7
1, 191. 7
1, 198. 9
765.0
734.6
739.9
744.6
749.6
757.1
765.1
773.7
776.3
781.4
787.8
784.9
785.3
273.9
265.0
266.7
268.1
269.5
271.8
274.5
276.8
279.1
280.7
281.4
276.8
276.3
211.4
204.0
205.2
206.4
207.3
209.7
212.0
214.4
215.4
217.0
217.5
214.9
213.0
184.4
176.7
177.9
179.3
181.0
183.4
184.5
186.1
187.0
188.8
189.5
189.6
188.9
145.9
138.1
139.8
141.0
141.9
143.8
145.3
146.7
148.5
149.9
151.6
151.8
152.1
160.9
154.7
155.5
156.3
157.1
158.1
160.8
164.2
161.7
162.1
165.3
166.8
168.1
55.5
52.2
52.6
53.1
53.8
54.5
55.1
55.8
56.4
57.1
57.9
58.4
59.0
25.8
34.3
31.5
29.0
26.6
24.5
22.6
22.9
23.8
24.7
24.2
23.3
22.4
61.1
59.4
59.5
59.8
60.1
60.6
60.6
61.9
62.6
62.1
62.2
62.0
62.5
21.0
21.1
20.9
20.8
19.7
21.1
21.1
20.8
21.0
21.2
21.3
21.5
21.7
30.8
29.8
29.8
30.1
30.3
30.7
31.1
31.2
31.3
31.5
31.5
31.4
30.4
101.4
91.2
92.5
94.9
97.1
99.7
102.2
103.3
104.8
106.3
107.3
108.3
109.0
140.3
127.5
128.9
130.0
134.8
136.4
137.7
142.6
144.2
145.6
148.2
150.3
156.7
47.6
46.1
46.4
46.6
46.9
47.3
47.6
48.1
48.2
48.3
48.7
48.4
48.3
1,117.3
1,059.7
1,068.2
1,077.3
1,088.6
1, 102. 8
1, 115. 1
1, 130. 9
1,138.0
1, 146. 5
1,156.9
1, 157. 7
1, 165. 7
1,249.7
1, 199. 4
1, 201. 6
1.208.3
1,213.5
1, 223. 7
1, 253. 7
1, 252. 0
1, 267. 5
1, 277. 1
1, 290. 8
1, 300. 2
1, 308. 2
806.7
786.0
784.0
787.4
788.5
792.5
797.4
802.9
813.0
819.1
828.5
836.6
844.0
275.3
273.2
268.0
268.5
268.4
268.9
269.9
272.5
276.4
279.8
282.9
285.7
288.6
211.7
208.9
205.6
206.1
206.4
206.7
207.6
209.2
212.9
215.5
218.1
220.1
222.8
195.6
190.3
191.1
191.6
191.6
192.6
193.3
194.4
197.9
198.2
200.9
202.5
203.5
159.9
153.7
154.9
155.9
155.8
157.2
159.4
160.0
161.6
162.4
163.6
166.0
168.8
175.8
168.7
170.0
171.4
172.7
173.8
174.8
176.0
177.1
178.8
181.1
182.4
183.2
62.5
59.5
60.0
60.4
60.9
61.4
62.0
62.6
63.3
63.9
64.5
65.2
65.8
24.9
19.5
16.3
17.9
20.9
24.1
27.3
28.6
29.6
29.4
29.2
28.4
27.3
65.3
62.9
63.4
63.3
61.9
62.9
63.3
65.4
66.5
67.0
68.3
68.7
69.9
22.4
21.8
21.9
22.1
22.3
22.4
22.4
22.5
22.5
22.4
22.9
22.9
22.9
32.1
31.7
31.7
31.8
31.8
31.9
32.0
32.3
32.6
32.9
32.9
32.9
30.8
110.7
108.5
108.1
108.1
108.4
108.9
109.7
110.1
110.9
112.1
113.2
114.4
115.5
175.2
159.0
165.4
166.7
168.2
169.2
189.2
177.3
179.3
180.7
182.1
182.1
183.4
50.0
49.5
49.3
49.4
49.3
49.5
49.6
49.8
50.2
50.4
50.7
51.0
51.4
1,213.4
1,168.8
1,174.0
1, 179. 1
1,181.5
1, 188. 6
1,215.4
1,212.2
1,226.5
1,236.1
1, 249. 9
1, 260. 0
1, 269. 1
1,320.8
1,331.4
1, 341. 9
1, 352. 5
1,362.9
1, 368. 9
854.2
861.4
868.8
876.9
883.3
882.1
292.8
294.9
298.4
301.7
303.5
303.4
227.2
229.4
232.2
234.8
235.8
235.5
206.5
208.8
209.8
212.3
213.9
211.7
170.8
172 A
174.1
175.3
177.2
177.4
184.2
185.4
186.6
187.6
188.7
189.7
66.4
67.1
67.7
68.4
69.0
69.7
24.6
21.1
20.0
23.3
27.5
31.6
70.6
71.3
72.2
72.7
72.5
72.7
23.2
23.4
23.3
23.3
23.4
22.7
32.9
33.3
33.0
33.4
33.9
35.9
116.7
117.9
119.3
120.0
120.7
121.3
185.3
189.2
191.3
188.7
187.1
187.1
53.1
53.4
53.7
54.1
54.4
54.4
1,284.4
1,298.6
1, 310. 1
1,317.3
1,323.4
1,325.0
1972
October . .
November
December
1973
Services
Manufacturing
Proprietors'
income
with inventory valRental
uation and capital
income of
Other
consumption adjust- persons with
Government labor
ments
capital
and
income
consumption
government
adjustment
enterprises
Farm
Nonfarm
1. Consists of agriculture, forestry,and fisheries; mining; contract construction; and manufacturing.
2. Consists of transportation; communication; electric, gas, and sanitary services; and trade.
3. Consists of finance, insurance, and real estate; services; and rest of the world.
4. Equals personal income less the following farm components: Wages and salaries, other
labor income, proprietors' income with inventory valuation and capital consumption ad-
justments, and net interest. These components plus employer contributions for social insurance
and farm corporate profits with inventory valuation and capital consumption adjustments
equal income shown annually in table 1.18.
ITE.—The industry classification of wage and salary disbursements and proprietors'
le is on an establishment basis and is based on the 1967 Standard Industrial Classification.
Table 2.3.—Personal Consumption Expenditures by Major Type of Product
[Billions of dollars]
1972
1972
1973
1974
1975
IV
1973
I
II
III
IV
I
II
1976
1975
1974
III
IV
I
II
III
IV
I
II*
Seasonally adjusted at annual rates
Personal consumption expenditures.
733.0
809.9
887.5
973.2
761.8
787.2
801.0
818.2
833.1
853.3
878.7
906.8
911.1
933.2
960.3
987.3
1,012.0
1,043.6
1,064.6
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other.
111.2
50.6
123.7
55.2
121.6
47.9
131.7
53.2
117.6
53.8
125.7
59.0
124.6
56.6
123.5
54.5
121.1
50.7
118.6
46.2
122.5
48.5
128.0
53.0
117.4
43.7
122.1
47.6
127.0
49.5
136.0
56.3
141.8
59.2
151.4
68.0
154.1
69.7
44.8
15.9
50.7
17.8
54.7
19.1
57.6
21.0
47.1
16.7
49.5
17.3
50.3
17.6
51.0
18.0
52.0
18.4
53.7
18.6
54.9
19.2
55.7
19.3
54.4
19.2
54.6
19.9
57.0
20.5
58.2
21.5
60.6
22.0
61.2
22.2
62.0
22.4
Nondurable goods .
Food
Clothing and shoes
Gasoline and oil .
Fuel oil and coal
Other
299.3
150.4
55.1
24.9
6.3
62.6
333.8
168.1
61.3
27.8
7.7
69.0
376.2
189.9
65.1
36.3
9.5
75.4
409.1
209.5
70.0
38.9
10.1
80.6
311.2
155.1
57.9
26.1
7.1
64.9
321.4
161.1
60.1
26.6
7.1
66.5
327.6
164.6
60.7
26.8
7.6
68.0
338.1
171.3
61.7
27.6
7.8
69.8
348.1
175.2
62.8
30.2
8.4
71.5
360.6
181.5
64.2
31.8
9.0
74.1
371.9
186.4
65.0
36.2
9.3
75.0
383.8
193.7
66.2
38.0
9.8
76.1
388.5
198.0
65.0
39.3
9.9
76.3
394.4
203.2
66.6
37.9
9.5
77.3
405.8
207.8
69.3
38.6
9.9
80.2
414.6
211.8
71.3
39.2
10.8
81.6
421.6
215.2
73.0
39.9
10.2
83.3
429.1
219.2
73.5
40.1
11.2
85.0
434.8
222.5
73.5
40.1
11.1
87.6
Services
Housing
Household operation _
Electricity and gas
Other
Transportation
Other
322.4
112.3
45.9
18.9
27.0
26.0
138.3
352.3
123.2
50.2
20.6
29.6
27.9
151.1
389.6
136.4
56.1
24.0
32.1
31.1
166.0
432.4
150.2
63.9
28.9
35.0
34.0
184.2
333.0
115.6
47.9
20.1
27.9
26.7
142.7
340.1
118.4
48.3
19.8
28.5
27.2
146.2
348.8 356.6 363.8
121.5 124.8 128.1
51.1 51.6
49.6
21.1
20.3
21.1
29.4
30.0
30.6
27.6 . 28.1 28.6
150.1 152.7 155.6
374.1
131.8
52.8
21.6
31.2
29.7
159.8
384.3
134.6
55.3
23.3
31.9
30.6
163.8
394.9
137.8
57.5
24.8
32.6
31.6
168.1
405.2
141.3
59.1
26.3
32.8
32.5
172.4
416.7
145.0
61.2
27.6
33.6
33.3
177.2
427.4
148.4
63.7
28.9
34.8
33.6
181.8
436.7
151.8
65.0
29.5
35.5
34.1
185.8
448.6
155.8
65.9
29.6
36.3
35.0
191.9
463.2
159.7
68.4
31.0
37.4
36.5
198.6
475.6
163.6
69.5
30.9
38.6
37.6
204.9
^Preliminary.
215-400 O - 76 - 5
SURVEY OF CURRENT BUSINESS
34
July 1976
Table 2.4.—Personal Consumption Expenditures by Major Type of Product in Constant Dollars
[Billions of 1972 dollars]
1974
1973
19 74
19 73
1972
1972
1975
1975
IV
I
II
III
IV
I
II
III
IV
I
1976
II
III
IV
I
HP
Seasontally adj listed a ; annua rates
767.7
759.1
770.3
752.8
767.7
766.8
770.4
765.9
761.8
761.9
764.7
748.1
754.6
767.5
775.3
783.9
800.7
808.7
50.6
44 8
15.9
121.8
54.6
49.9
17.3
112.3
44.4
50.5
17.4
111.9
44.7
49.5
17.8
117.6
54.3
46.8
16.5
124.9
58.8
49.1
17.0
123.0
56.1
49.7
17.1
121.2
53.7
50.2
17.4
118.1
49.8
50.8
17.6
114.9
45.8
51.6
17.5
115.0
45.9
51.5
17.6
116.1
48.0
50.8
17.4
103.1
37.9
48.3
17.0
106.0
41.4
47.5
17.1
108.4
41.9
49.1
17.5
115.1
47.2
49 9
18.1
118.0
48.2
51 3
18.5
124.3
54 8
51 0
18.5
124.6
64 7
51 4
18.5
299.3
309.3
303.5
306.1
150.5
61.3
24.8
306.4
307.8
310.6
151.0
59.2
25.4
305.1
146.8
60.0
23.1
304.0
304.9
152.1
57.3
25.4
310.9
153.4
59.0
25.8
308.0
147.5
58.9
24.6
146.8
59.4
24.1
149.4
59.0
25.0
299.8
307.2
151.2
61.0
25.5
5.2
64.3
306.8
150.4
62.1
24.0
5.3
64.9
309.5
151.9
63.4
24.0
4.9
65.5
314.6
155.3
63.3
25 0
65.5
317.7
157.2
62 9
25 4
54
66.8
351.8
127.9
50.4
21.0
29.4
28.7
144.8
353.4
129.3
50.4
20.7
29.7
28.7
145.0
356.4
130.7
50.1
20.2
29.9
28.9
146.8
361.8
132.1
51.1
21.0
30.0
29.5
149.0
366.5
133.6
51.4
20.6
30.8
29.9
151.6
Personal consumption expenditures.. 733.0
Durable goods Motor vehicles and parts
_
Furniture and household equipment
Other
Nondurable goods .. .
Food
Clothing and shoes
.
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other
Transportation
Other
111.2
..
6.3
6.7
6.9
67.3
67.2
64.4
6.9
62.6
64.5
65.8
66.6
68.1
68.8
69.8
68.4
66.3
64.1
300.6
148.5
58.6
25.5
5.1
62.9
322.4
336.5
343.4
352.4
331.9
115.4
47.3
19.3
27.9
27.1
142.1
338.7
339.7
343.7
116.9
48.1
19.6
28.5
27.4
143.6
118.5
48.9
20.1
28.7
27.7
143.6
341.8
121.7
47.7
19.0
28.7
28.4
144.0
342.9
128.6
50.1
20.6
29.5
28.8
145.0
336.0
117.7
48.1
19.6
28.5
27.5
143.2
123.3
48.3
19.7
28.6
28.6
143.2
328.8
112.3
... __ 45.9
18.9
-.
27.0
26.0
138.3
122.6
48.2
19.5
28.6
28.6
143.5
123.8
48.5
19.9
28.6
28.6
142.7
345.1
125.0
48.7
20.3
28.5
28.7
142.7
348.0
126.4
49.4
20.6
28.8
28.8
143.4
150.4
55.1
24.9
...
-
150.6
59.2
25.5
5.2
5.1
7.1
114.1
47.3
19.8
27.5
26.7
140.8
150.4
58.7
25.2
6.8
147.7
59.7
25.5
6.3
120.1
48.3
19.5
28.8
27.8
143.4
5.4
5.2
5.2
147.1
57.3
26.2
5.1
5.5
Preliminary.
Table 2.6.—-Personal Consumption Expenditures by Type of Expenditures
[Millions of dollars]
1972
Line
No.
1
2
3
4
5
6
7
8
9
Personal consumption expenditures
Food and tobacco
Food purchased for off-premise consumption
(n.d.)
Purchased meals and beverages l (n.d.)
Food furnished employees (including military)
(n.d.)
Food produced and consumed on farms (n.d.)...
Tobacco products (n d )
Addenda: Food excluding alcoholic beverages
(n.d.)
Alcoholic beverages (n.d.)
18
19
Clothing, accessories, and jewelry
Shoes and other footwear (n.d.)
Shoe cleaning and repair (s.)...
Clothing and accessories except footwear 2
Women's and children's (n.d.) .
Men's and boys' (n d.)
Standard clothing issued to military personnel
(n.d.)
Cleaning, laundering, dyeing, pressing, alteration, storage, and repair of garments (s.)
Jewelry and watches (d.)
Other 3 (s.)
20
21
22
Personal care
Toilet articles and preparations (n.d.)
Barbershops, beauty parlors, and baths (s.)
23
24
10
11
12
13
14
15
16
17
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
1973
1974
1975
Line
No.
733,034 809,885 887,494
973,216
162,620 181,199 203,840
224,286
112, 111 124,965 141,638
35,490 39,904 44,381
155, 174
50,220
2,628
13,950
1,243
2,910
1,186
14,796
130, 626 146,763 166, 955
19, 790 21,302 22,935
184,809
24,681
2,010
805
12,204
64,809
2, 132
1,064
13, 134
71,811
9,960
76,148
81,742
10,734
250
59,208
38, 587
20, 621
29,893
33,272
16, 262
17, 976
10, 136
243
54, 915
35, 759
19, 156
70
79
80
89
3,558
4,694
3,508
5,405
3,539
5,846
3,645
6,293
1,523
8,915
240
46, 155
241
51, 248
1,177
1,370
1,389
11,749
7,869
3,880
12, 613
13,434
9,250
4,184
14,271
9,949
4,322
Housing
112,277 123, 173
Owner-occupied nonfarm dwellings—space
rent 4 (s.) _ .
74,003 81,330
Tenant-occupied nonfarm dwellings- (including
lodging houses) rent 5 (s.)
31, 016 33,682
Rental6 value of farm dwellings (s.)
3,474 3,913
Other (s.)
3,784 4,248
Household operation
105,155 117,698
Furniture, including mattresses and bedsprings
(d.)
9,920 11,225
Kitchen and other household appliances 7 (d.) _ _ _ 8,450 9,465
China, glassware, tableware, and utensils (d.) . . 4,498 5,083
Other durable house furnishings s (d.)
11,007 12, 647
Semidurable house furnishings 9 (n.d.)
6,981
7,844
Cleaning and polishing preparations, and miscellaneous household supplies and paper products (n.d.)
9,856 10, 978
Stationery and writing supplies (n.d.)
2,296 2,564
Household utilities. . .
28,763 32,328
Electricity (s.)
12, 314 13,852
Gas (s.)
6,541
6,725
Water and other sanitary services (s.) ..
3,638 4,029
Fuel oil and coal (n.d.).. .
7,722
6,270
Telephone and telegraph (s.)
12,386 14,038
Domestic service (s.).
5,348 5,376
Other »«(s.)
5,650 6,150
136,363
150,219
Medical care expenses
Drug preparations and sundries » (n.d.)
Ophthalmic products and orthopedic appliances
(d.)
Physicians (s.)
Dentists (s.)
Other professional services 12 (s.)
Privately controlled hospitals and sanitariums 13
Health insurance ..
Medical care and hospitalization
Income loss 1* (s.)
Workmen's compensation '• (s.)
See footnotes page 35
14
(s.)
8,555
4,058
90,208
99,674
36,734
39, 928
4,590
5,535
5,082
130,358
142, 190
4,831
11, 982
9,963
5,497
13, 977
8,443
12,349
10,408
5,899
14,383
9,011
12,036
2,800
43, 998
19, 755
9,159
7,525
4,472
9,516
15,358
5,578
6,713
3,072
4,987
10,097
17,266
5,702
7,076
61,188
7,780
68,327
8,347
76, 142
9,112
86,425
1,313
1,472
17, 173
1,598
19, 327
6,981
1,821
22, 110
15,489
5,403
2,336
23,303
5,564
2,594
1,555
1,415
6,350
2,525
25,920
6,540
3,164
1,701
1,675
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
13, 026
38, Oil
16, 498
55
56
95
96
97
8,048
3,124
29,462
6,965
3,269
34,665
6,840
3,211
1,712
1,917
Personal business
Brokerage charges and investment counseling
(s.)
Bank service charges, trust services, and safe
deposit box rental (s.)_.
Services furnished without payment by financial intermediaries except life insurance
carriers (s.)...
Expense of handling life insurance 17 (s.) _
Legal services (s.)
Funeral and burial expenses (s.) .
Other " (S.)
Transportation
User-operated transportation
New autos (d.)
Net purchases of used autos (d.)
Other motor vehicles (d.)
Tires, tubes, accessories, and other parts (d.)__
Repair, greasing, washing, parking, storage,
and rental (s.)
Gasoline and oil (n d.)
Bridge, tunnel, ferry, and road tolls (s.)
Insurance premiums less claims paid (s.)
Purchased local transportation
Transit systems (s )
Taxicab (s.)_.
Railway (commutation) (s.)
Purchased intercity transportation
Railway (excluding commutation) (s.)
Bus (s.)
.
...
Airline (s )
Other 19 (s.)
...
1974
37,419
40,553
44,751
50,287
3,364
3,111
2,913
3,663
2,319
2,490
2,689
2,880
13,375
7,826
5,435
2,525
2,575
14,602
8,647
6,320
2,604
2,779
16,770
9,680
7,080
2,614
3,005
19,198
10,642
8,040
2,621
3,243
101,438 110,862 115,257
95,345 104,320 107,898
32,106 34,535 27,375
7,300 8,358 8,703
5,454 5,897 4,863
5,691 6,403
6,927
126,037
118,486
29,732
10,533
5,327
7,569
1975
17, 615
36,293
764
5,358
2,807
1,733
874
200
4,552
259
617
3,484
192
20,279
38,900
771
5,375
2,856
1,787
870
199
4,695
240
617
3,648
190
49,100 55,199
Recreation
2,530 2,769
Books and maps (d.)
Magazines, newspapers, and sheet music (n.d.).. 4,685 5,845
6,542 7,302
Nondurable toys and sport supplies (n.d)
Wheel goods, durable toys, sport equipment,
7,315
boats and pleasure aircraft (d.)
8,167
Radio and television receivers, records, and
10,964 12,288
musical instruments (d )
1,222
1,334
Radio and television repair (s.)
2,655 2,871
Flowers seeds and potted plants (n.d.)
Admissions to specified spectator amusements.. 3,487 3,870
1,965
1,644
Motion picture theaters (s.) ;
Legitimate theaters and opera, and entertainments of nonprofit institutions (except
632
670
athletic) (s )
1,211 1,235
Spectator sports 20 (s )
Clubs and1 fraternal organizations except in1,331
1,266
surance 2 ( s )
2,650 2,931
Commercial participant amusements 22 (s.)
1,502
1,359
Parimutuel net receipts (s )
4,425 4,989
Other 23 (s )
60,765
3,039
7,130
8,004
65,999
3,401
7,592
8,615
11,587
5,083
3,233
3,271
8,600
9,452
13,264
1,408
3,261
4,334
2,264
14,559
1,483
3,414
4,590
2,274
734
1,336
804
1,512
1,432
3,225
1,614
5,454
1,560
3,514
1,740
6,079
12,600
5,433
3,621
3,546
13,607
5,773
3,901
3,933
14,653
6,146
4,226
4,281
- 10,105
10,647
11,578
12,113
5,584
6,954
1,977
5,203
7,455
1,733
5,251
8,271
1,659
4,994
8,940
1,570
3,140
3,765
4,422
5,260
207
220
257
256
Private education and research
Higher education 2* (s )
Elementary and secondary schools 2* (s.)
Other 2S (s )
102
Religious and welfare activities 28 (s.)
103
104
105
106
Foreign travel and other net
Foreign travel by U S residents (s )
Expenditures abroad by U.S. residents (n.d".)-.
Less: Expenditures in the United States by
foreigners (s )
Less: Personal remittances in kind to foreigners
(nd)
107
1973
13,922 15,414
24,879 27,813
745
784
5,248 5,116
2,604 2,630
1,585
1,617
842
833
177
180
3,489 3,912
176
204
523
545
2,637 2,988
175
153
98
99
100
101
9,817
2,697
1,743
1,953
93
94
1972
SURVEY OF CURRENT BUSINESS
July 1976
35
Table 2.7 .-^Personal Consumption Expenditures by Type of Product in Constant Dollars
[Billions of 1972 dollars]
Line
No.
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
The figures in parentheses are the line numbers
of the corresponding items in table 2.6.
Personal consumption expenditures
1972
1973
1974
1975
733.0
767.7
759.1
770.3
111.9
44.7
34
35
36
Nondurable goods— Continued
Drug preparations and sundries (45)-. ....
Nondurable toys and sports supplies (85)
Other (16+35+84+89+105-107) .
33.4
6.7
4.6
49.5
37
Services
38
39
J)urable goods
]Motor vehicles and parts
New autos and net purchases of used autos
(65-f-66)
Tires, tubes, accessories, and" other parts (68).-.
Other motor vehicles (67)
Furniture and household equipment
Furniture, including mattresses and bedsprings (29)
-Kitchen and other household appliances (30).China, glassware, tableware, and utensils, and
other durable house furnishings (31 +32)
Radio and television receivers, records, and
musical instruments (87)
Other
---Ophthalmic products and orthopedic appliances (46)
Wheel goods, durable toys, sports equipment,
boats and pleasure aircraft (86)
Other (18+83)
111.2
50.6
121.8
54.6
112.3
44.4
39.4
5.7
5.5
44.8
42.1
6.6
5.9
49.9
33.1
6.7
4.6
50.5
Nondurable goods
Food
Food purchased for off-premise consumption
(3)
Purchased meals and beverages (4)
Food furnished employees (including military) and food produced and consumed on
farms (5+6)
- -Addenda: Food excluding alcoholic beverages
(8)
Alcoholic beverages (9) _ . .
Clothing and shoes
Shoes and other footwear (11)
Women's and children's clothing and accessories (14)
_Men's and boys' clothing and accessories (15) _.
Gasoline and oil (70)
Fuel oil and coal (40)
Other
Tobacco products (7)
Toilet articles and preparations (21).
_.
Semidurable house furnishings (33)
Cleaning and polishing preparations, and
miscellaneous household supplies and paper
products (34)
..
. .1. . . ...
9.9
8.5
10.9
9.5
10.7
9.5
10.2
8.9
15.5
17.3
17.4
16.5
11.0
15.9
12.3
17.3
13.0
17.4
13.8
17.8
1.3
1.4
1.4
1.5
7.3
7.2
7.9
7.9
7.8
8.1
8.0
8.3
299.3
150.4
309.3
150.6
303.5
147.5
306.1
150.5
112.1
35.5
110.0
37.9
106.4
38.0
107.9
39.5
2.8
2.8
3.1
3.1
130.6
19.8
55.1
8.9
129.2
21.4
59.2
9.6
126.0
21.6
58.9
9.2
129.0
21.5
61.3
9.3
29.9
16.3
24.9
6.3
62.6
12.2
7.9
7.0
32.2
17.4
25.5
6.7
67.3
12.8
8.3
7.7
32.6
17.2
24.6
5.2
67.2
13.0
8.1
7.3
34.3
17.7
24.8
5.1
64.4
12.8
7.8
7.2
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
9.9
10.7
9.9
8.5
Footnotes to table 2.6.
1. Consists of purchases (including tips) of meals and beverages from retail, service, and
amusement establishments, hotels, dining and buffet cars, schools, school fraternities, institutions, clubs, and industrial lunchrooms.
2. Includes luggage.
3. Consists of watch, clock, and jewelry repairs, costume and dress suit rental, and miscellaneous personal services related to clothing.
4. Consists of rent for space and for heating and plumbing facilities, water heaters, lighting
fixtures, kitchen cabinets, linoleum, storm windows and doors, window screens, and screen
doors, but excludes rent for appliances, furnishings, and furnitures, fuel, and electricity.
5. Consists of space rent (see footnote 4) and rent for appliances, furnishings, and furniture.
6. Consists of transient hotels, motels, clubs, schools, and institutions.
7. Consists of refrigerators and freezers, cooking ranges, dishwashers, laundry equipment,
stoves, air conditioners, sewing machines, vacuum cleaners, and other appliances.
8. Includes such house furnishings as floor coverings, comforters, quilts, blankets, pillows,
picture frames, mirrors, art products, portable lamps, and clocks. Also includes writing equipment and hand, power, and garden tools.
9. Consists largely of textile house furnishings including piece goods allocated to house
furnishings use. Also includes lamp shades, brooms, and brushes.
10. Consists of maintenance services for appliances and house furnishings, moving and warehouse expenses, postage and express charges, premiums for fire and theft insurance on personal
property less claims paid, and miscellaneous household operation services.
11. Excludes drug preparations and related products dispensed by physicians, hospitals,
and other medical services.
12. Consists of osteopathic physicans, chiropractors, private duty nurses, chiropodists,
podiatrists, and others providing health and allied services, not elsewhere classified.
13. Consists of current expenditures (including capital consumption allowances with capital
consumption adjustment) of nonprofit hospitals, sanitariums, and nursing homes, and payments by patients to proprietary hospitals, sanitariums, and nursing homes.
14. Consists of (1) premiums, less benefits and dividends, for health and hospitalization
insurance provided by accident, health, and hospitalization insurance plans; (2) premiums
less benefits for hospital and medical service plans; (3) administrative expenses (including
capital consumption allowances with capital consumption adjustment) of group health
associations and health maintenance organizations; and (4) student fees for medical care.
15. Consists of premiums, less benefits and dividends, for income loss insurance.
Line
No.
The figures in parentheses are the line numbers
of the corresponding items in table 2.6.
Housing ...
Owner-occupied nonfarm dwellings—spacerent (24).
Tenant-occupied nonfarm dwellings- (including lodging houses) rent (25) . .
Rental value of farm dwellings (26) . . .
Other (27)
. . .
Household operation
Electricity (37)
Qas (38)
Water and other sanitary services (39)
Telephone and telegraph (41)
Domestic service (42)
Other (43)
Transportation
User-operated transportation (69+71+72)
Purchased local transportation.
Transit systems (74)
Other (75+76)
Purchased intercity transportation
Railway (excluding commutation) (78)
Bus (79)
Airline (80)
Other (81)
Other
..
Shoe cleaning and repair (12)
Cleaning, laundering, dyeing, pressing, alteration, storage, and repair of garments (17)
Barbershops beauty parlors and baths (22)
Medical care services.. . ...
. . ..
Physicians (47)
Dentists (48)
Other (49+50+51)
Services furnished without payment by financial intermediaries except life insurance
carriers (58)
Admissions to specified spectator amusements
(90)
Other (55-58+60+61+62+88+94+95+96+
97+98+102+104-106)
1972
1973
1974
7.8
6.5
11.4
8.3
7.2
12.3
8.8
7.5
12.5
8.7
7.5
11.8
322.4
336.5
343.4
352.4
112.3
117.7
123.3
128.6
74.0
78.0
82.4
86.5
31.0
3.5
3.8
45.9
12.3
6.5
3.6
12.4
5.4
5.6
26.0
19.9
2.6
1.6
1.0
3.5
.2
.5
2.6
2
138*. 3
.2
32.3
3.3
4.1
48.1
13.2
6.4
3.8
13.7
5.0
5.9
27.5
21.1
2.6
1.6
1.0
3.8
.2
.5
2.9
.2
143.2
.2
33.5
3.2
4.1
48.3
13.3
6.4
4.0
14.4
4.4
5.8
28.6
21.8
2.7
1.8
1.0
4.1
.2
.5
3.1
.2
143.2
.2
34.7
3.1
4.3
50.1
14.1
6.6
4.1
15.6
4.0
5.7
28.8
22.4
2.6
1.7
.9
3.8
.2
.5
3.0
.2
145.0
.2
4.7
3.9
52.1
15.5
5.4
31.2
4.7
3.7
55.5
16.6
6.2
32.7
4.3
3.5
56.8
17.2
6.3
33.3
4.1
3.3
58.0
17.5
6.6
33.9
13.4
13.7
14.3
15.6
3.5
3.7
3.9
3.9
60.5
61.5
60.3
60.0
1975
16. Consists of premiums, less benefits and dividends, for privately administered workmen's compensation.
17. Consists of total operating expenses of life insurance carriers and noninsured pension
plans. Excludes payments to policyholders and expenses allocated to accident and health
insurance.
18. Consists of current expenditures (including capital consumption allowances with
capital consumption adjustment) of trade unions and professional associations, employment
agency fees, money order fees, spending for classified advertisements, and other personal
business services.
19. Consists of baggage charges, coastal and inland waterway fares, and travel agents' fees.
20. Consists of admissions to professional and amateur athletic events, and to race tracks
including horse, dog, and auto.
21. Consists of dues and fees excluding insurance premiums.
22. Consists of billiard parlors; bowling alleys; dancing, riding, shooting, skating, and
swimming places; amusement devices and parks; golf courses; sightseeing buses and guides;
and private flying operations.
23. Consists of net receipts of lotteries and expenditures for purchase of pets and pet care
services, cable TV, film processing, photographic studios, sporting and recreation camps, and
recreational services, not elsewhere classified.
24. Equals current expenditures (including capital consumption allowances with capital
consumption adjustment) less receipts, such as those from meals, rooms, and entertainments,
accounted for separately in consumer expenditures, and less expenditures for reasearch and
development financed under contracts or grants.
25. Consists of fees paid to commercial, business, trade, and correspondence schools, and for
educational services, not elsewhere classified, and current expenditures (including capital
consumption allowances with capital consumption adjustment) by foundations for education
and research.
26. Equals current expenditures (including capital consumption allowances with capital
consumption adjustment) of religious, social welfare, foreign relief, and political organizations,
museums, libraries, and foundations. The expenditures are net of receipts, such as those from
meals, rooms, and entertainments, accounted for separately in consumer expenditures, and
excludes relief payments within the United States and expenditures by foundations for
education and research.
NOTE.—Consumer durable goods are designated (d.), nondurable goods (n.d.), and
services (s.).
SURVEY OF CURRENT BUSINESS
36
July 1976
3.—Government Receipts and Expenditures
Table 3.1.—Government Receipts and Expenditures
[Millions of dollars]
1972
1974
1973
1975
1972
1973
1974
12,407
15,351
16 320
17 813
3,588
6 836
3,248
3,872
5 473
1,601
838
3 576
2,738
2,014
4 673
2,659
333
-12
-530
0
-3,516
6,292
-4, 242
-64,376
10, 698
-14, 214
17. 981
-11, 689
16, 215
—20 457
-553
-63 823
367 373
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance .
411,196
454,575
466,408 : Net interest paid...
141, 237
41 535
111 007
73, 594
Receipts
150, 777
48, 702
120 193
91,524
170, 367
52,434
128 358
103, 416
168,816 ! Subsidies less current surplus of government
enterprises
49,245 i
Subsidies
138 690
Less: Current surplus of government enterprises .
109, 657
Less : Wage accruals less disbursements
370,889
404, 904
458,817
530, 784
Purchases of goods and services
Compensation of employees
Other
253 105
137, 372
115, 733
269 527
149, 062
120,465
303,264
161, 612
141, 652
338, 953
178, 530
160,423 !
Transfer payments
To persons
To foreigners
102 122
99,377
2 745
116 142
113, 511
2 631
137 865
134,643
3,222
172 004 ;
168,933 !
3,071 i
Expenditures
Surplus or deficit (— ), national income and
product accounts. _
Social insurance funds
Other funds
1975
Table 3.2.—Federal Government Receipts and Expenditures
1972
1972
1974
1973
IV
1974
1973
1975
I
II
III
Receipts .
227,471
258,286
114,640
109,420
104, 746
27,387
22, 713
5,092
128
131, 159
126, 249
119, 101
31,707
24,559
4,795
115
288,212
I
II
III
IV
I
II
1976
III
IV
I
UP
Billions of dollars, seasonally .adjusted at annual rates
Millions of dollars
Personal tax and nontax receipts . . .
108,188
Income taxes
102, 692
Withheld
91,648
Declarations and settlements. _. 25,836
Less: Refunds.
14, 792
Estate and gift taxes
5,361
Nontaxes
135
IV
1975
297.5
292.9
287.2
254.4
297.7
306.7
316.5
129.1
124.2
134.3
129.5
137.2
132.5
137.6
132.7
99.7
94.7
130.5
125.5
135.1
130.0
137.7
132.5
142.1
136.8
5.1
1
4.8
1
4.7
1
4.6
1
4.7
1
4.8
1
5.0
1
5.0
1
5.1
.1
5.2
.1
235.3
252.0
255.7
259.3
266.2
125, 740
120,725
120,598
34,923
34,796
4,894
121
110.8
105.2
110.4
104.8
111.5
107.3
116.3
110.7
120.3
114.9
124.0
118.8
5.4
2
5.4
2
4.1
1
5.5
1
5.3
1
286,510
276.7
285.8
Corporate profits tax accruals
Federal Reserve banks
Other corporations
36,560
3,231
33,329
42,992
4,341
38,651
45,630
5,550
40,080
42,570
5,382
37,188
40.0
43.1
43.9
42.0
43.0
43.9
46.1
50.1
42.3
34.8
38.7
47.4
49.4
53.1
Indirect business tax and nontax
accruals
.
Excise taxes
Liquor
Tobacco
.
Other
Customs duties l
Nontaxes..
19,969
15,609
4,993
2,233
8,383
2,997
1,363
21,215
16, 652
5,108
2,400
9,144
3,271
1,292
21,673
16, 554
5,271
2,348
8,935
3,658
1,461
23,943
16,405
5,369
2,383
8,653
5,844
1,694
20.6
16.1
21.1
16.2
21.6
16.8
20.9
16.7
21.2
16.9
21.4
16.8
21.6
16.6
21.9
16.5
21.8
16.3
21.9
16.1
23.2
16.3
25.2
16.6
25.5
16.6
22.8
16.7
23.1
16.9
3.1
14
3.4
14
3.3
15
3.2
1i
3.2
1i
3.4
13
3.6
14
3.8
15
3.8
17
4.1
17
5.2
17
6.9
1.7
7.2
17
4.4
1.7
4.5
1.7
Contributions for social insurance . . 62,754
Transfer payments
To persons
To foreigners
.
Grants-in-aid to State and local
governments
_
Net interest paid
Interest paid
To persons and business
To foreigners
Less: Interest received by government _
89,750
94,257
63.9
78.6
80.1
87.3
89.0
91.1
91.5
92.8
92.9
94.7
96.6
102.9
104.6
264,997
299,727
357,758
260.2
261.7
262.2
264.6
271.5
280.7
293.4
306.5
318.2
337.0
354.3
363.7
376.0
380.3
383.1
102, 126
73,513
35,664
22,299
13,365
37,849
28,613
14,396
14, 217
Purchases of goods and services
National defense
Compensation of employees
Military
Civilian
Other
Nondefense
. ..
Compensation of employees
Other
79,439
244,734
Expenditures .
102, 188
73, 534
36,271
22,544
13,727
37,263
28,654
15,652
13,002
111, 626
77, 296
37, 708
22, 997
14,711
39,588
34,330
17, 216
17, 114
124, 417
84,282
40,012
23,842
16, 170
44,270
40,135
19,288
20,847
102.3
73.3
36.9
23.0
13.9
36.3
29.0
14.9
14.1
104.2
74.1
36.3
22.8
13.5
37.8
30.1
15.4
14.7
100.1
73.1
35.9
22.3
13.6
37.2
27.0
15.5
11.6
100.1
72.5
35.8
22.1
13.7
36.7
27.6
15.6
12.0
104.4
74.4
37.1
22.9
14.2
37.3
29.9
16.1
13.8
106.1
74.9
37.1
22.8
14.2
37.8
31.2
16.7
14.5
108.9
75.9
37.1
22.7
14.4
38.8
33.0
16.9
16.1
113.5
78.2
37.4
22.7
14.7
40.8
35.3
17.2
18.0
118.1
80.2
39.3
23.8
15.5
40.9
37.9
18.1
19.8
120.3
82.0
39.5
23.8
15.7
42.5
38.3
18.7
19.6
122.4
83.4
39.5
23.6
15.9
43.9
39.0
18.9
20.0
124.6
84.6
39.7
23.5
16.2
44.9
40.0
19.3
20.7
130.4
87.1
41.3
24.4
16.9
45.8
43.2
20.2
23.1
129.2
86.2
41.6
24.3
17.3
44.6
42.9
20.6
22.3
132.3
88.4
41.7
24.3
17.5
46.7
43.9
20.8
23.1
83,206
80,461
2,745
95,818
93, 187
2,631
117,553
114,331
3,222
148,872
145, 801
3,071
91.3
88.8
2.5
92.2
90.1
2.1
94.8
91.7
3.2
96.8
94.2
2.7
99.4
96.8
2.5
106.7
103.9
2.8
114.7
110.8
3.9
121.0
117.9
3.2
127.8
124.8
3.1
138.7
135.7
3.0
149.7
146.6
3.1
152.1
149.2
2.9
154.9
151.8
3.2
160.3
157.2
3.1
158.8
155.8
3.1
37,528
40,574
43,877
54,437
45.7
41.5
40.5
40.0
40.3
42.5
43.4
43.8
45.7
49.8
53.2
56.8
58.0
58.8
59.0
14,552
17,256
14,572
2,684
18,202
21,128
17,292
3,836
20,913
24,102
19,840
4,262
23,498
27,247
22,705
4,542
15.1
17.9
15.0
2.9
16.3
19.6
16.1
3.5
17.7
20.7
16.8
3.9
19.1
21.7
17.7
4.0
19.7
22.6
18.5
4.0
20.0
23.1
19.1
4.0
20.7
23.8
19.6
4.2
21.3
24.6
20.3
4.3
21.8
24.9
20.4
4.5
22.2
25.5
20.7
4.9
22.6
26.3
21.9
4.4
23.6
27.6
23.1
4.5
25.6
29.6
25.2
4.4
26.6
31.1
26.7
4.4
27.5
32.4
28.0
4.4
2,704
2,926
3,189
3,749
2.8
3.3
3.0
2.6
2.9
3.1
3.1
3.3
3.2
3.3
3.7
4.0
4.0
4.5
4.9
77.4
81.7
Subsidies less current surplus of
government enterprises
Subsidies
Less: Current surplus of government enterprises
7,805
6,783
8,223
5,392
5,228
3,462
6,534
4,517
8.0
7.4
7.6
6.0
9.0
5.5
8.6
5.1
7.7
5.0
5.4
3.2
5.2
3.3
5.4
3.6
4.9
3.8
6.0
4.4
6.4
4.3
6.7
4.5
7.1
4.9
5.4
5.0
5.5
5.1
-1,022
-2,831
-1,766
-2,017
-.6
-1.6
-3.5
-3.5
-2.7
-2.3
-2.0
-1.8
-1.1
-1.6
-2.1
-2.1
-2.2
-.3
-.4
Less: Wage accruals less disbursements
..
483
8
-530
.0
2.1
-.1
.1
.0
.0
.0
.6
.0
.0
.0
.0
.0
.0
.0
-9.7
-6.6
-5.2
-5.3
-4.1
-7.6
Surplus or deficit (-), national income and product
accounts
-17,263
Social insurance funds
Other funds .
-6,711 -11,515 -71,248 -24.9
-9.0 -25.3 -49.8 -99.9 -66.0 -69.4
-63.8
2,565
9,107
8.7
.4 -7.0 -10.6 -16.0 -16.7 -13.7
9.4
11.8
7.4
4.8
6,098 -12,558 -2.4
9.1
9.3
-19,828 -15,818 -17,613 -58,690 -22.5 -19.0 -15.9 -14.3 -14.1 -15.9 -15.1 -13.8 -25.8 -42.8 -89 3 -50.0 -52.7 -50.1
» Preliminary.
1. Includes fees for licenses to import petroleum and petroleum products.
-1.5
SURVEY OF CURRENT BUSINESS
July 1976
37
Table 3.4.—State and Local Government Receipts and Expenditures
1973
1972
1972
1974
1973
1975
IV
I
11
Millions of dollars
1974
III
IV
I
II
1975
III
191.5
190.7
192.0
194.0
197.2
201.9
208.0
214.5
33,049 36, 137 39, 208 43, 076
Personal tax and nontax receipts17, 460 19, 138 20,637 22, 828
Income taxes
-1,443 1,509 1,503 1,561
Estate and gift taxes
2,096 2,310 2,415 2,503
Motor vehicle licenses
1,126 1,211 1,228 1,384
Property taxes
693
442
466
613
O ther taxes
Nontaxes
- - - - 10, 482 11, 503 12, 812 14, 107
Tuition and related educational
3,228 3,649 3,956 4,103
charges
4,551 5,116 5,810 6,589
Hospital and health charges
Fines
-- 1,012 1,058 1,159 1,300
1,691 1,680 1,887 2,115
Other
4,975 5,710 6,804 6,675
Corporate profits tax accruals
34.8
18.4
34.8
18.1
35.8
18.9
36.5
19.5
37.4
20.1
37.3
19.5
38.3
20.0
40.2
21.3
Indirect business
accruals Sales taxes
State
General
Gasoline
Liquor _ _
Tobacco
Other
Local
-
-.
Property taxes
Motor vehicle licenses .
Other taxes
Nontaxes
- Rents and royalties
Special assessments _
Fines
- Other
- -- -
42,977 46, 033
1,533 1,656
4,393 4,548
2,548 2,786
993 1,096
800
750
338
350
467
540
48, 735
1,731
5.263
3,094
1,280
827
380
607
216.6 222.2
41.1
21.7
230.4 239.7
41.7
21.9
42.5
22.4
43.5
23.1
251.6
44.7
24.0
46.1
25.1
47.5
26.1
5.5
5.5
5.5
5.6
5.7
5.8
5.9
6.0
6.1
6.2
6.3
6.3
6.4
11.6
11.8
12.2
12.6
13.0
13.5
13.8
14.0
14.2
14.4
14.7
15.0
5.5
5.8
5.8
5.6
6.7
6.6
6.9
7.5
6.3
5.4
6.1
7.5
7.7
8.3
94.3
41.5
97.1
43.4
98.0
43.5
99.7
44.3
101.1
44.7
102.5
45.0
105.9
47.5
109.1
49.8
109.2
49.0
110.7
49.1
113.3
51.0
116.3
52.5
118.7
53.8
52, 286
44.0
1,766
5,655 I 8.9
3,426
1,511
847
426
642
44.8
45.6
46.5
47.3
47.9
48.4
49.0
49.6
50.9
51.6
52.8
53.9
55.1
56.4
8.9
9.0
8.9
9.1
9.6
10.0
10.3
10.5
10.6
10.8
11.0
11.0
11.1
11.3
11.2
11.6
11.9
12.3
12.6
13.0
13.4
13.9
14.3
14.7
15.2
43, 877
12, 744
6,156
4,616
3,852
16,509
45.7
41.5
40.5
40.0
40.3
42.5
43.4
43.8
45.7
49.8
53.2
163,683 180,481 202,967 227,463
169.7
174.6
178.2
182.3
186.9
193.2
200.2
206.5
150, 979 167, 339 191, 638 214, 536
87, 312 97, 139 106, 688 119, 230
63,667 70, 200 84, 950 95,306
Expenditures
Purchases of goods and services
Compensation of employees
Other
245.0
HP
11.4
15, 400
157.0 161.6
90.9 93.6
66.1 68.0
165.0
96.2
68.8
169.3 173.5
98.5 100.3
70.8 73.1
181.9
102.9
78.9
189.1
105.2
83.9
195.1
107.9
87.2
37, 528
14, 084
2,617
4,513
3,912
12, 402
Federal grants-in-aid
Public assistance
- -- General revenue sharing.
Highways
Education
-Other
.--
I
5.5
54, 437
15,306
6,142
5,469
5,150
22, 370
12, 085
40, 574
11,917
7,051
4,177
3,363
14,066
IV
11.2
13, 666
Contributions for social insurance . . - 10, 840
III
5.4
91, 038 98, 978 106, 685 114, 747
39, 587 43, 955 47, 862 51, 614
34, 991 38, 722 41,910 44, 714
18, 693 20, 967 23, 792 25, 729
--- 7,578 8,283 8,137 8,376
1,749 1,861 1,989 2,044
2,965 3,161 3,251 3,349
4,006 4,450 4,741 5,216
4,596 5,233 5,952 6,900
-.
II
11.0
tax and nontax
- -
I
Billions of dollars, seasonally adjusted at annual rates
177,430 193,484 210,240 234,335
Receipts
IV
1976
15.7
56.8
122.0 124.8
55.8 57.1
16.0
16.4
16.8
58.0
58.8
59.0
223.4 231.8 237.2
200.4 205.3 210.9 218.6 223.4
110.7 114.2 117.9 121.1 123.7
89.7 91.1 93.0 97.5 99.7
21.3 22.1 22.7 23.5 24.2
239.5 244.9
212.0 217.5
225.5 230.8
127.0 130.0
98.5 100.8
23, 132
19.5
19.8
20.1
20.4
20.9
19.3
20.0
20.7
24.6
24.9
Net interest paid
- -2, 145 -2, 851 -4, 593 -5, 685
6,928 8,334 9,406 10, 103
Interest paid
Less: Interest received by govern9,073 11, 185 13, 999 15, 788
ni ent
3,824 4,226 4,840 5,980
By social insurance funds
5,249 6,959 9,159 9,808
By other funds
-2.4
7.4
-2.5
7.8
-2.6
8.2
-3.0
8.6
-3.3
8.8
-3.9
9.1
-4.5
9.4
-4.8
9.5
-5.2
9.6
-5.3
9.9
-5.6
10.1
-5.8
10.2
-6.0
10.2
-6.2
10.3
-6.4
10.4
9.8
10.3
10.8
11.5
12.1
13.0
13.9
14.3
14.8
15.2
15.7
16.0
16.2
16.6
16.8
-4.4
.1
-4.4
.1
-4.2
.1
-4.2
.1
-4.4
.1
-4.5
.1
-4.5
.1
-4.6
.1
-4.5
.2
-4.5
.2
-4.4
2
-4.4
2
4.5
-.1
4.5
.0
4.3
.0
4.3
.0
4.5
.0
4.6
.0
4.7
.0
4.7
.0
4.7
.0
4.7
.0
4.6
.0
4.6
.0
18, 916
Transfer payments to persons
20, 324
20, 312
Subsidies less current surplus of govern-4, 217 -4,351 -4, 390 -4, 520 -4.4 -4.4
ment enterprises
.1
.1
156
114
53
81
Subsidies
Less: Current surplus of govern4.4
4.4
4,270 4,432 4,504 4,676
ment enterprises -- 0
.0
.0
0
-20
Less: Wage accruals less disbursements.. -150
Surplus or deficit (— ), national
income and product accounts — 13,747
Social insurance funds
Other funds
-
8,133
5,614
6,872
21.8
16.1
13.9
11.7
10.3
8.7
7.8
8.0
4.5
4.7
6.9
7.9
7.9
8.4
13.4
8.6
7.6
8.8
5.1
9.0
2.7
9.2
1.1
9.5
-.8
9.8
-2.0
10.3
-2.3
10.8
-6.2
11.3
-6.6
11.9
-5.0
12.3
-4.4
12.5
-4.6
12.7
-.6
2
4.6
.0
12.2
8,874 10, 117 12, 005
4,129 -2, 844 -5, 133
-4.4
13,003
7,273
13.0
Preliminary.
Table 3.6.—'Government Purchases of Goods and Services by Broad Function and Type
[Millions of dollars]
1972
1973
1974
253 105
269, 527
303, 264
338, 953
102, 126
102, 188
111,626
124,417
National defense
Compensation of employees
Military
Civilian
Structures (excluding construction force account compensation)
Other
73, 513
35 664
22 299
13, 365
73, 534
36 271
22 544
13, 727
77, 296
37 708
22 997
14, 711
84,282
40, 012
23, 842
16, 170
1 860
35, 989
2 101
35, 162
2 110
37, 478
1,936
42, 334
Nondefense
Compensation of employees
Structures (excluding construction force account compensation)
Agriculture purchases of the Commodity
Credit Corporation.
.
Other
2,8, 613
14 396
28, 654
15 652
34, 330
17 216
40, 135
19, 288
2,556
2,845
3,092
3,540
-1,019
12,680
-3, 119
13, 276
-1, 535
15, 557
213
17, 094
1972
1975
Government purchases of goods and services
Federal
1. Consists of purchases of medical services and drugs mainly on behalf of persons covered
by public assistance programs.
State and local.
.
1973
1974
1975
150, 979
167, 339
191, 638
214,536
Education
Compensation of employees ..
Structures (excluding construction force account compensation)
Other
63, 574
47, 577
70, 208
52, 434
78, 472
57, 394
88, 305
63 946
5,781
10, 216
6 696
11,078
7 389
13 689
7 907
16, 452
Other
Compensation of employees
Structures (excluding construction force account compensation)
Medical vendor payments l
Other
87, 405
39, 735
97, 131
44, 705
113, 166
49, 294
126, 231
55, 284
20 615
7,129
19, 926
21 666
8,271
22, 489
26 484
9,912
27, 476
26 875
12,204
31, 868
SUBVEY OF CUERENT BUSINESS
38
July 1976
Table 3.7.—Government Purchases of Goods and Services by Type
1972
1972
1973
1974
1973
1975
1974
IV
I
II
III
Millions of dollars
IV
I
II
1975
III
IV
I
II
III
IV
Billions of dollars, seasonally adjusted at annual rates
Government purchases of goods
253,105 269,527 303,264 338,953
and services
102, 126 102, 188 111,626 124,417
Federal
50,060 51, 923 54, 924 59, 300
Compensation of employees
52,066 50, 265 56,702 65, 117
Other
..
8,721 11, 662
12, 924 10, 872
Durable goods
8,536 6,178 10, 296 13,338
Nondurable goods
26, 190 28,269 32, 483, 34, 641
Services
Structures (excluding construction
4,946 5,202 5,476
4,416
force account compensation) .
150,979 167,339 191,638 214, 536
State and local
.
- ...
87, 312 97, 139 106, 688 119, 230
Compensation of employees
63,667 70, 200 84, 950 95,306
Other
5,004 5,588 6,665 7,654
Durable goods
.
10,609 11, 599 14, 399 17, 356
Nondurable goods
21, 658 24, 651 30,013 35, 514
Services
Structures (excluding construction
26, 396 28, 362 33, 873 34, 782
force account compensation)
259.2
265.8
265.1
269.3
277.8
288.0
298.0
308.6
318.5
325.6
333.2
343.2
353.8
102.3
51.9
50.4
12.3
6.9
27.1
104.2
51.7
52.5
12.4
7.5
27.6
100.1
51.3
48.8
11.1
5.3
27.4
100.1
51.4
48.7
10.6
4.9
28.4
104.4
53.2
51.1
9.5
7.1
29.7
106.1
53.7
52.4
8.6
8.1
30.8
108.9
54.0
54.9
7.8
9.7
31.9
113.5
54.6
58.9
8.8
11.7
33.3
118.1
57.4
60.7
9.7
11.7
33.9
120.3
58.2
62.1
10.5
12.1
34.1
122 .4
58.4
63.9
11.0
13.5
34.1
124.6
59.1
65.6
12.3
12 9
34!?
130.4
61.5
68.9
12.8
14.8
35.6
4.1
5.1
4.9
4.9
4.9
4.9
5.5
5.1
5.4
5.5
5.3
5.6
5.6
157.0
90.9
66.1
5.2
11.0
22.2
161.6
93.6
68.0
5.3
11.1
23.5
165.0
96.2
68.8
5.5
11.4
24.2
169.3
98.5
70.8
5.6
11.7
25.1
173.5
100.3
73.1
5.9
12.2
25.8
181.9
102.9
78.9
6.0
13.1
28.0
189.1
105.2
83.9
6.4
13.9
29.2
195.1
107.9
87.2
6.9
14.9
30.9
200.4
205.3
114.2
91.1
7.3
16.6
33.9
210.9
117.9
93.0
7.5
17.1
34.9
218.6
121.1
97.5
7.8
17.6
35.6
223.4
27.7
28.1
27.8
28.3
29.3
31.9
34.3
34.6
34.7
33.3
33.5
36.5
35.8
110.7
89.7
7.3
15.8
32.0
123.7
99.7
8.0
18.1
37.7
Table 3.8.—Government Purchases of Goods and Services by Type in Constant Dollars
[Billions of 1972 dollars]
1972
1972
1973
1975
1974
1973
IV
I
II
1974
III
I
IV
II
1975
III
I
IV
II
III
IV
Seasonally adjusted at annual rates
Government purchases of goods
and services _ _
253.1
252.5
256.4
261.0
253.2
255.2
251.2
251.8
252.0
255.4
256.1
257.1
256.9
257.1
259.1
262.4
265.2
95.3
48.4
46.9
7.5
7.2
28.0
95.7
48.2
47.5
8.6
8.0
27.0
99.6
49.8
49.8
12.2
6.9
26.7
100.7
48.9
51.9
12.3
7.8
26.8
96.3
48.7
47.6
10.9
5.9
26.1
95.2
47.9
47.3
10.2
5.8
26.7
94.3
47.5
46.7
9.1
5.8
27.4
95.3
48.4
46.9
8.1
6.9
27.7
94.7
48.3
46.4
7.1
6.8
28.0
95.8
48.4
47.4
7.3
7.9
28.2
95.4
48.4
47.0
7.6
7.3
28.1
94.8
48.4
46.5
7.8
7.4
27.3
95.3
48.2
47.1
8.1
8.2
27.0
95.6
48.2
47.3
9.0
7.6
26.8
97.2
48.1
49.0
9.3
8.7
27.0
Federal
C ompensation of employees
Other
Durable goods
Nondurable goods
Services
Structures (excluding construction
force account compensation)
102.1
50.1
52.1
12.9
8.5
26.2
4.4
4.6
4.2
3.9
4.1
4.9
4.7
4.5
4.4
4.2
4.5
4.0
4.0
4.0
3.8
4.0
4.0
State and local.
Compensation of employ ees._
Other
Durable goods
Nondurable goods
Services
Structures (excluding construction
force account compensation)
151.0
87.3
63.7
5.0
10.6
21.7
155.9
90.6
65.3
5.4
10.6
23.1
161.1
93.1
67.9
5.8
11.2
24.9
165.2
96.0
69.3
5.9
12.3
26.6
153.6
88.6
65.0
5.2
10.8
21.9
154.5
89.0
65.5
5.3
10.5
22.7
154.9
90.2
64.7
5.3
10.5
22.8
156.6,
91.3
65.3
5.5
10.5
23.3
157.7
92.0
65.8
5.6
10.8
23.5
160.1
92.3
67.8
5.6
10.9
24.6
161.4
92.8
68.6
5.8
11.1
24.7
161.3
93.4
67.9
5.9
11.2
25.0
161.5
94.0
67.5
5.9
11.5
25.2
162.2
94.7
67.5
5.8
12.0
26.3
163.8
95.7
68.1
5.9
12.2
26.4
166.9
96.5
70.4
6.0
12.4
26.3
168.0
97.0
71.1
6.1
12.6
27.4
26.4
26.2
26.1
24.4
27.1
27.0
26.0
26.0
25.9
26.7
27.0
25.8
24.9
23.5
23.6
25.7
25.0
96.6
48.3
48.3
10.6
6.3
26.8
Table 3.9.—Government Gross Fixed Capital Formation
1972
1973
1974
Table 3.10.—Social Insurance Funds Receipts and Expenditures
[Millions of dollars]
1975
1972
Government grossfixedcapital formation. .
35,923
38, 641
45, 763
48,038
Federal 1
3,751 3,916
Structures
3,304 3,686
New (including construction force account compensation)
3,304 3,686
Net purchases of used structures
..
0
0
Durable equipment _,
447
230
Addenda: Government enterprises . . . .
1,529 1,584
Construction force account compensation. __
214
239
Military facilities
1,003 1,167
Military equipment
12, 478 10, 642
4,324
4,110
4,758
4,690
4,110
0
214
1,826
271
1,186
8,507
4,690
0
68
2,026
318
1,390
11,594
State and local
32, 172 34,725 41,439
Structures
27, 168 29, 137 34, 774
New (including construction force account compensation)
26,092 28, 129 33, 745
Net purchases of used structures
1,076 1,008 1,029
Durable equipment
5,004 5,588 6,665
Addenda: Government enterprises
7,708 8,545 10, 581
Construction force account compensation. __
772
775
901
43,280
35, 626
34, 566
1,060
7,654
12,077
844
Millions of 1972 dollars
Government gross fixed capital formation. _
Federal
State and local
35,923 36, 187
3,751
32, 172
36,328
34,485
3,816 3,639
32,371 32,689
3,418
31, 067
1. Excludes military facilities, military equipment, and net purchases of used structures
by defense agencies. Purchases of military facilities and military equipment are shown in
lines 9 and 10.
1973
1974
1975
67,823
Millions of dollars
85, 164
96, 410
101, 294
62, 754 79, 439 89, 750
30,263 38, 019 43,093
32, 491 41, 420 46,657
6,485 7,711 9,054
26,006 33,709 37,603
. 5,069 5,725 6,660
94, 257
45, 244
49, 013
10, 722
38, 291
Federal
Receipts
Contributions for social insurance
Personal contributions
Employer contributions
Government and government enterprises
Private
Investment income
7,037
65,258
90, 312
113,852
73, 320
86, 997
3,315
110, 314
2,565
Benefits
Administrative costs
76, 057
62, 472
Expenditures
9,107
2,786
Surplus or deficit (— )
2,737
3,538
6,098 -12,558
State and local
Receipts
.
Contributions for social insurance
Personal contributions
.
Employer contributions
Government and government enterprises
Private
Investment income
.
Expenditures
Benefits
Administrative costs
Surplus or deficit (— )
14,664
16,311
18,506
21,380
10, 840
12,085
13, 666
15,400
4,755
10,645
9,467
3,907
6,933
4,216
7,869
4,485
9,181
8,170
1,011
6,188
7,013
3,824
4,226
4,840
5,980
6,531
7,437
8,389
9,375
6,256
7,131
8,042
347
9,003
306
8,133
8,874
10, 117
12,005
745
275
856
1,178
372
SUEVEY OF CURRENT BUSINESS
July 1976
39
Table 3.12.—Government Transfer Payments to Persons
Table 3.11.—Contributions for Social Insurance
[Millions of dollars]
[Millions of dollars]
1972
1973
1974
73, 594
91,524 103, 416
109, 657
Employer contributions
..
Federal social insurance funds
Old-age, survivors, disability, and hospital insurance.Old-ape survivors and disability insurance
Hospital insurance
State unemployment insurance
Federal unemployment tax
Railroad unemployment insurance
Railroad retirement
Federal civilian employees retirement
Veterans life insurance
Workmen's compensation
..
State and local social insurance funds
State and local employees retirement Cash sickness compensation
Workmen's compensation
..
39, 424
32, 491
23, 367
20 641
2,726
4,169
1,182
119
567
2,872
12
203
6,933
6,025
44
864
49, 289
41,420
30, 459
25, 200
5,259
5,103
1,511
118
766
3,217
9
237
7,869
6,828
47
994
55, 838
46, 657
34, 607
29 228
5 379
5,420
1,289
119
1,131
3,780
2
309
9,181
7,986
41
1,154
59,658
49, 013
36, 115
30, 504
5,611
5,505
1,294
110
1,108
4,457
9
415
10, 645
9,303
32
1,310
Personal contributions
Federal social insurance funds
Old-age, survivors, disability, and hospital insurance. .
Employees
Old-age survivors and disability insurance
Hospital insurance
Self-employed
-Supplementary medical insurance.
.
State unemployment insurance ..
Railroad retirement
Federal civilian employees retirement
Veterans life insurance
State and local social insurance funds
. .
State and local employees retirement
Cash sickness compensation
34, 170
30, 263
25, 525
23, 392
20, 664
2,728
2,133
1,375
26
499
2,144
694
3,907
3,495
412
42,235
38, 019
33, 034
30, 488
25, 222
5,266
2,546
1,545
27
524
2,246
643
4,216
3,765
451
47, 578
43, 093
37, 798
34, 645
29, 255
5,390
3,153
1,795
30
358
2,455
657
4,485
4,015
470
49, 999
45,244
39, 609
36, 161
30, 537
5,624
3,448
1,908
61
364
2,656
646
4,755
4,282
473
Contributions for social insurance
1972
1975
[Millions of dollars]
1972
Federal
Subsidies
Agricultural
Housing..
... - . . ..
Maritime
Air carriers
1
Other
Less: Current surplus of government enterprises
Postal ServiceCommodity Credit Corporation
.
Federal Housing Administration.
Tennessee Valley Authority
...
2
Other
State and local
..
.
...
Subsidies ..
.
. ...
...
Less: Current surplus of government enterprises
Water and sewerage
Gas and electricity
Toll facilities
Liquor stores
Air and water terminals. ..
Housing and urban renewal
Public transit...
...
Other 3 .
3 588
3,872
838
7 805
Sudsidies less current surplus of government enterprises
1973
8 223
1974
1975
2 014
5 228
6 534
3 462
5 392
2 622
516
2 141
1,646
478
440
75
67
252
617
-2, 831 -1,766
—2 141 — 1 979
—958
-1 740
119
260
316
257
533
736
4 517
768
2 476
523
63
687
-2,017
—3 169
-221
206
368
799
. -4,217 —4,351 —4,390
-4,520
6 783
3 948
1 439
440
67
889
-1,022
— 1 466
-672
285
230
601
53
4,270
1 501
1 252
728
417
419
461
-541
33
114
81
4 504
4,432
1 595
1 635
1 415
1 496
767
723
433
468
474
522
318
5/5
-722 -1,093
152
178
156
4,676
1 792
1,554
687
507
573
712
-1,313
164
1. Consists largely of subsidies to exporters of farm products and to railroads.
2. Consists largely of Federal Deposit Insurance Corporation, Federal Savings and Loan
Insurance Corporation, Government National Mortgage Association, and Export-Import
Bank.
3. Consists of State lotteries, off-track betting, local parking, and miscellaneous activities.
1975
Benefits from social insurance funds
Old-age, survivors, and disability insurance. Hospital and supplementary medical insurance
Unemployment insurance
State
Federal employees
Railroad
Railroad retirement
Federal civilian employees retirement
Civil service
Other 1
Veterans life insurance. _..
Workmen' s compensation
.
99,377
113,511
134,643
93 187
114 331
168,933
145 8ft 1
62 472
40, 948
73 320
50, 665
86 997
57, 607
110 314
65,852
8 607
5 615
5 400
128
87
9 712
4 282
4 100
124
58
12 510
6 639
6 439
148
52
15 531
16 631
16 228
266
137
2 154
4 145
4 078
67
- -
2 566
5 041
4 963
78
2 787
6*291
6 194
97
3 275
7 725
7 egg
119
800
203
817
237
854
309
885
415
Military retirement
Veterans benefits.
Pension and disability
Readjustment
.
Unemployment
Other 2
4,161
8,868
6 312
2,192
364
4
9
6
2
695
484
461
823
200
5 661
10 708
7 107
3 355
246
6 827
13 408
7 803
5 096
509
Food stamp benefits
Black lung benefits
Special unemployment benefits
Supplemental security income .
Direct relief
Other 3
1,980
554
2 209
1 057
3 435
957
4 599
959
664
4 464
2 426
2 422
2 614
4 566
18, 916
20, 324
20, 312
23,132
6,256
5 149
417
690
7 131
5 885
463
783
8 042
6 671
495
876
9 003
7 526
517
960
10 982
6,875
3,365
742
11 313
7,178
3,449
686
10 035
7,887
1,322
826
11 780
9,186
1,455
1 139
1,678
1,880
2,235
2,349
3 959
State and local
Table 3.13.—Subsidies Less Current Surplus of Government
Enterprises
1974
80 461
Government transfer payments to persons. .
Federal
1973
Benefits from social insurance funds.
Government pensions
Cash sickness compensation
Workmen's compensation
Direct relief
Aid to families with dependent children
Other categorical public assistance 4
General assistance 4
Other' _
.. . .
. .
1. Consists largely of foreign service and Tennessee Valley Authority.
2. Consists of mustering out pay, terminal leave pay, and adjusted compensation benefits.
3. Consists largely of payments to nonprofit institutions and aid to students. In 1975, also
includes $1.672 million for special $50 payment to recipients of social security, railroad retirement, and supplemental security income benefits, as provided in the Tax Reduction Act of
1975.
4. Prior to 1974, consists of old-age assistance, aid to the blind, and aid to the permanently
and totally disabled. In 1974, these programs were replaced by the Federal supplementary
security income (SSI) program. Beginning with 1974 consists of State benefits under the SSI
program. Federal SSI benefits are shown in line 25.
5. Consists largely of educational assistance, medical insurance premiums paid on behalf of
indigents, veterans bonuses, other types of veterans aid, and foster cars payments.
SUEVEY OF CUKEENT BUSINESS
40
July 1976
Tagle 3.14.—Government Expenditures by Type of Function
[Millions of dollars]
1972
1973
National defense .
Military services and foreign military assistance.
Nuclear energy research and development .
Other
Space research and technology
1
3,353
Other commerce and transportation
Utilities and sanitation.
Transit
Gas and electricity. . .
Water and sewerage
Sanitation
§
§
x
w
1
os <S
li
Subsidies less current
surplus of government
enterprises
Purchases of goods
and services
Subsidies less current
surplus of government
enterprises
Grants-in-aid to State
and local governments
Transfer payments and
net interest paid
2,637
7
6
2,631
7
48
816
10
5
6
2 745
5
266
130
12,581
6,312
2,558
802
2,372
537
2,886
2,348
534
193
191
10,081
4,885
1,169
2,310
1,717
2,435
241
675
22
1,497
902
883
1,071
398
4
9,670
6,312
2,556
802
2,231 4,814
4 644
4
77
5
2,154
161
340
155
26
601
413
129
59
-9
1,107
99
70
29
70
70
29
13,640
6,461
3,025
819
2,719
616
1 121
189
187
-1,094
-728
-107
53
-312
10,398
4,547
1,245
2,740
1,866
2,603
214
740
51
1,598
-450
1.119
1,078
93
93
-371
79
6,770
852
1,281
3 265
1,372
-2, 212
541
— 1 252
— 1 501
1,355
516
43 2,314 1,453
43 2,314
1 453
525
525
986
986
-461
-461
5,350
3,829
1,521
149
149
149
Nuclear energy research and development
1,064
913
1,824
358
Agriculture and agricultural resources
Stabilization of farm prices and income
Financing farm ownership and utilities
Conservation of agricultural resources
Other
5,871
4 275
125
555
916
258
—686
63
226
655
4
Natural resources
Conservation and development of resources
Recreation..
3,429
2,933
496
3,355
2,966
389
General revenue sharing
2 617
2
3,308 10,303
6,461
4 3,023
819
2,692
612
997
979
18
997
979
18
4
13
12
1
420 -359
314 -359
106
3,980
1,721
2,259
3,980
1,721
2,259
2 R17
1. Includes employee compensation on a disbursement basis. The estimates by type of
function include employee compensation on an accrual basis. Wage accrual less disburse-
—2
27
4
2,652 4,546
4 333
5
86
2,566
208
7 051
3,217
2,816
401
1.246
1,246
176
141
35
141
141
35
597
414
123
60
35
1,211
-1,160
-767
-109
81
-365
18,345 19,505
17,908 18,675
236
127
81
594
229
-480
105
-585
5.305
1,682
—8
2,122
1,509
7,593
960
1,407
3,717
1,509
-2,288
722
-1,415
-1,595
195 2,454 1,423
195 2,454
1 423
724
724
1.042
1,042
-318
-318
127
127
127
1,072
1.054
18
1,072
1,054
18
4.401
1,841
2,560
4.401
1,841
2,560
1
25
15
1 262
423
756
4,238 -1,400
2,401 -2,462
91
184
222
444
749
1,209
1.543
1,543
1,211
560
3,270
2,750
520
-2
839
1,278
1,180
98
883
706 4,903
326 4,635
42
20
81
248
257
31
2.789
2,789
2
839
2,696
1 466
12,986 12,986
7,268 7,268
3,101 3,101
2,617 2,617
4,769 2,577
4,282
487 2,577
1,427
17,633 18,727
17, 199 17, 927
214
107
53
586
274
149
149
24, 720 13, 399 11, 321
356
356
185
841
41
800
1,169
25,225 13,399 11,826
470
285
8,187
4,323
3,864
4,558
1,393
29
1 764
1,372
Postal services
155
29
673
1,049
978
71
625
285
2,534
1,021
348
50
50
673
4,859
3,335
1,524
39
1,107
24
3
45
2,191 63,065 13,792
696 50,665
117
17
519 9,712
12, 597
10
966 ~ ~ 2 ~ 688 1,061
1,427
—2
45
16,041 16,002
79,048
51, 478
10, 248
12,607
4,715
-2
63
20,540 17,506 3,034
7,857 7,857
1,811 1,811
13
7,286 1,401 5,885
-2,851
-2,851
189 -113
6,437 6,437
1,567 2,098
1 121
27
63
63
2,980
6,645
2,534
2
2
323 -113
121
2,981
559
239
226
94
1,169
32
11 661 11, 661
6,548 6,548
2,810 2,810
2,303 2,303
6,170 2,702
5,615
555 2,702
5,919 23,226
3,272
2
869
618 5,022
18, 202
1,160
559
239
226
94
71,377 70,208
50, 120 50, 120
16, 777 16, 777
4,480 3,311
1,083
1,083
134
134
22, 382 11, 394 10,988
335
335
136
851
43
808
408 -133
153 -133
226
29
972 3,919
(2, 490
627 I 718
345
711
22,851 11,394 11,457
343
207
4,616
4,616
5,972 1,081
85
} 4,138 ( 218
I
1,834
778
14,382 14,350
2,135 51,988 15,707
68
780 40, 948
17
459 8,607
14, 721
10
886 ~ ~ 2 ~ 433
901
130
3,044
63,574
45, 940
14, 550
3,084
64,657
45, 940
14, 550
4,167
1,091 1,524
9,723
5,658
4,065
Housing and community development
Urban renewal and communit^ facilities
Public housing
.
Purchases of goods
and services
826
829
2,686
2,751
791
2,490
Transportation
Highways. . _
Water
Railroads
Air . .
Expenditures
3,515
791
5,105
Regulation of commerce and finance
Subsidies less current
surplus of government
enterprises
48
78,425 73,534
77, 055 72, 419
1,575 1,349
-205 -234
18, 187 15, 183 3,004
7 070 7 070
1,627 1,627
6
6,326 1,177 5,149
-2, 145
-2, 145
191 -179
5,309 5,309
Health and hospitals
Veterans benefits and services
Pension and disability
Readjustment and other _
Insurance
Hospitals and medical care
_
Administration and other services..
Purchases of goods
and services
29,355
3,395
869
5,653
18, 202
1,236
64
802
2,793
473
207
64
284 -179
87
3,289
1,011 1,033 4,441
94
674 (2, 835
[ 971
150 [
635
359
767
Labor
Unemployment insurance . .
Other
Expenditures
Grants-in-aid to State
and local governments
Transfer payments and
net interest paid
Subsidies less current
surplus of government
enterprises
64
5,538 18,665
3,209
6
856
506 4,107
14, 552
967
6,485
4,724
1,761
Civilian safety
Police
Fire
Correction
506
230
190
86
364 -117
147 -117
190
27
3,595
69,830
41, 796
9,083
14, 731
4,220
506
230
190
86
4,093
4,090
3
77,853 73,513
76, 415 72, 295
1,362 1,169
76
49
Education
Elementary and secondary
Higher
Other
Social security and special welfare services
Old-age, survivors, and disability insurance
Hospital and supplementary medical insurancePublic assistance and relief ... _
Other
State and local
Federal
1
244,734 102, 126 97,758 37,528 7,805 163,683 150,979 16,771 -4,217 i 264,997 102, 188 114,020 40,574 8,223 1 180,481 167,339 17,473 -4,351
Central administration and management
24,308
Administration
3,302
Property and records management
856
Personnel management and employment costs. . 4,619
Net interest paid
_
14, 552
Other
979
International affairs and finance .
Conduct of foreign affairs and informational
activities
Foreign economic assistance and other transfers.
Purchases of goods
and services
Expenditures
Total .
Transfer payments and
net interest paid
State and local
Federal
2,136
4
943 4,691
355 4,508
55
38
94
128
456
11
10
1
478 -436
360 -436
118
4
7 051
ments (in millions of dollars) for the Federal Government is as follows: 1972, 483; 1973, 8;
1974, -530; and for State and local governments: 1972, -150; 1973, -20.
SURVEY OF CURRENT BUSINESS
July 1976
41
Table 3.14.—-Government Expenditures by Type of Function—Continued
[Millions of dollars]
1975
1974
Space research and technology
3,353
Central administration and management- . .
Administration
Property and records management
Personnel management and employment costs
Net interest paid
Other
408 -159
157 -159
217
34
65
65
37,850
3,915
1
8,721
23, 498
1,715
1,470
33
7,633
3,550
1,495 2,588
21, 135 21, 110
25
26,443 15, 800 10,643
113, 456
66, 973
16,263
19, 782
10, 438
1,306
Health and hospitals
7,099
3,186
1,458 2,455
18,630 18,597
2,679 78, 040 14 710
169
933 57, 607
624 12, 510
18
11 3,959 13, 214
1,111 3,964 1,309
Regulation of commerce andfinance.
Transportati on
Highways .
Water
Railroads
Air
272
11,490
5,056
1,358
3,049
2,027
Other commerce and transportation
2,862
322
821
60
1,659
1,217
..
270
1,185
537
2,887 5,040
4,734
r
100
2,787
301
701
25
6
432
202
67
2 630
645
313
268
45
268
268
45
1,345
-1,131
-723
-115
114
-407
13,504
6,095
1,467
3,815
2,127
3,213
49
872
93
1,757
161
-646
1,043
7,600
2,304
242
3,382
1 672
9,638
1,211
1 738
5,017
1,672
-2,038
1,093
1 496
1 635
Housing and community development
Urban renewal and community facilities
Public housing
5,220
3,411
1,809
956
930
26
126 2,355 1 783
126 2,355
435
435
1,010
1,010
Nuclear energy research and development
1,143
991
152
152
152
2,663
687
1 976
252
2,611
68 -1,598
152
236
589
267
1,718 1 431
806 1,550
400 1,266
56
28
228
94
284
1,173
1,153
20
1,173
1,153
2
5,232
2,191
3,04
5,23
2,19
3,04
Postal services
Stabilization of farm prices and income
n
Other
t'
f
'
1 985
it
i
<;
«?
"
Conservation and development of resources
Recreation
4,454
3,747
70'
6,156
4,381
3,84S
53£
1 783
23
2
598 -548
43 -548
16'
6 15
3,650
1,185
3,396
93
13
1,64
3,89
1
5,12
4,45
67
1,981
1,477
1,981
1,477
218
57
161
161
161
57
1,497
-1,104
-687
-130
156
-443
20, 865 21,969
20, 212 20, 899
231
361
156
70S
26C
-550
-671
12
2,09
9.65C 11,683
2,762 1.45C
3, 1,58£
5,06C 6,85c
1,78S 1,78^
-2,033
1,313
-1,554
-1,792
-6
-6C
65
65r
-712
-712
215
20
20
215
~2,~09(
21
3,16
1,99
49
16
57
76
5,14
4,32
81
13
2,98
2,98
72
3,61
1,39
26
86
1,09
16,665 16,665
9,250 9,250
3,8£ 3,824
3,591 3,591
57
2,46
1,26
1 15
10
6,14
-3
•.
37
27
35
2,465
6,46
4 13
2,33
231
231
30, 756 18, 966 11,790
431
431
3,458
96C
3,394 5,937
5,604
~~~47C
119
43
3,275
311
5
4
49
1,864
-575
—575
31,418 18, 966 12,452
1,497
99
-485
64
1,470
3,458
438
20,940 22, 071
20, 311 21, 034
273
158
114
764
357
2,667
682
1 985
4,291 14,295
7,803
2
5,605
887
3,488
801
44
Utilities and sanitation
Transit
Gas and electricity
\Vater and sewerage
Sanitation
37
37
320
217
1,013 17,404 5,709
52 17, 295
109 5,709
961
18,647
7,803
5,604
887
3,525
828
1,371
45
36
1,672
'i
2,879 92,872 17, 702
905 65, 852 216
20
712 15, 531
12 4,464 15, 306 .....
1,250 7,025 2,160
t
627
217
307
24, 126
17, 347
6,779
1,371
3,043
-2
2
1,672
1,345
43
3,043
2
1
849
312
14,641 14,641
8,151 8, 151
3,426 3,426
3,064 3,064
574
268
306
11,564
7 107
4 3,601
856
3,011
704
1,306
200
200
25, 845 15,800 10, 045
398
398
7,103 2,543
6,639
464 2,543
3,719
Subsidies less current
surplus of government
enterprises
89,775 88,305
61, 728 61, 728
22, 084 22, 084
5,963 4,493
79, 778 78, 472
55 812 55, 812
18, 820 18, 820
5,146 3,840
15,324
7 107
3,603
856
3,047
711
Transfer payments and
net interest paid
1,738 6,985
1,318 4,996
774
420 1,215
1,277 4,951
829 3,152
801
448
998
Veterans benefits and services
Pension and disability
Readjustment and other
Insurance
Hospitals and medical care
Administration and other services
Expenditures
1,335
95
139
1,101
7,405 1,177
99
5,092 ( 211
867
2,313
192
surplus of government
enterprises
16
10,058
7,322
2,736
Education
Elementary and secondary
Higher
Other
760
43
717
Grants-in-aid to State
and local governments
48
4
498
Transfer payments and
net interest paid
16
8
3,071
7
3,222
10,406
6,682
3,724
255 -176
59
25, 181 23,340 1,841
10, 062 10, 062
2,155 2,155
9,333 1,807 7,526
-5, 685
-5,685
9,316
9,316
1,299
-28
1,016
-7
Labor
Unemployment insurance
Other
59
59
1,307
3,059
1,027
3,263
2
2
430 -176
151
10
14
532
257
165
110
3,079
4
192
6,398 31, 198
3,762
2
—9
1,010 7,697
23 498
1
1,635
3,737
532
257
16E
110
1,271
3,229
768
270
367 -149
162 -149
165
40
4,366
1,009
Civilian safety
Police
Fire
Correction
6,717
6,717
48
4,290
95,429
58, 709
13, 152
17, 184
6,384
Purchases of goods
and services
3,796
362 -127 23, 095 21,017 2,078
34, 116 6,699 27, 182
8,968 8,968
2
3,680 3,557
121
2,329 2,329
1
859
860
6,671
8,270 1,599
14
915 6,267
7,196
-4, 593
—4, 593
20, 913
20, 913
8,121 8,121
"226 -127
1 467 "I 368
State and local
24,417 72,370 4,437 6,534 227,463 14,536 17,447 -4,520
91,217 84,282
89, 217 82, 487
1,552 1,387
408
448
567
247
217
103
International affairs and finance
Conduct of foreign affairs and informational activities
Foreign economic assistance and other transfers..
Social security and special welfare services
Old-age, survivors, and disability insurance
Hospital and supplementary medical insurance..
Public assistance and relief .
Other
Expenditures
Subsidies less current
surplus of government
enterprises
91,638 15,719 -4,390 57, 758
567
247
217
103
65
3,288
Transfer payments and
net interest paid
Purchases of goods
and services
Expenditures
surplus of government
enterprises
Grants-in-aid to State
and local governments
Transfer payments and
net interest paid
Purchases of goods
and services
Expenditures
299, 727 111,626 138, 466 43,877 5,228 02,967
Total
National defense
83,114 77,296 5,569
Military services and foreign military assistance. . 82, 581 77, 014 5,569
Nuclear energy research and development
1,602 1,385
Other
1 069 1 103
Federal
Purchases of goods
and services
State and local
Federal
58
11
6
8
32
2
2
1,02
78
3
20
1,36,
1,34
2
1,36
1,34
2
61
46
14
-62
-62
6,04
2,56
3,47
6,04
2,56
3,47
6,14
SURVEY OF CURRENT BUSINESS
42
July 1976
Table 3.15.—-Relation of Federal Government Receipts and Expenditures in the National Income and Product Accounts to the Unified
Budget: Fiscal Years
[Billions of dollars]
Fiscal years
1972
1973
1974
Calendar quarters not seasonally adjusted
1975
1972.
1973
1974
1975
Ill
IV
I
11
III
IV
I
11
III
IV
1
II
III
rv
Receipts:
208.6
232.2
264.9
281.0
55.6
50.5
55.2
71.0
64.4
59.8
60.5
80.2
72.9
66.9
65.1
76.1
72.3
67.2
.3
.0
Unified budget receipts
.4
.0
.5
.0
.6
.0
.1
.0
1
.0
1
.0
2
.0
.1
.0
.1
.0
1
.0
2
.0
1
.0
2
.0
2
.0
2
.0
_ 2
.0
.0
10
.6
1.0
.7
1.0
.3
1.0
.2
1.1
.7
11
.6
12
.3
i 2
.4
13
.4
14
1.1
14
6
14
.6
Less: Coverage differences 1
Financial transactions
Plus: Netting differences:
Contributions to government employees retirement
funds
.
Other 2...
Timing differences:
Corporate income tax
Federal and State unemployment insurance taxes...
Withheld personal income tax and social security
contributions
Excise taxes. Other
Miscellaneous 3
3.4
1.8
3.8
1.9
4.3
1.7
5.1
2.2
.9
.3
.9
.2
-1.1
.4
1.5
.3
.4
.0
-4.6
.0
1.5
-.5
2.4
-.2
2.3 -4.8
1.9 -.8
2.1
-.7
1.9
-.3
1.1 -4.7
1.9 -.9
3.2
-.7
1.0 -2.0 -6.9
-.3 2.0 -1.0
2.4
-.7
2.9
-.3
.8
-.1
.1
-.1
1.2
.0
.2
-.1
1.0
.0
.1
-.1
.2
-.2
.2
.0
-.4
-.2
.1
.0
-.6
.0
.0
.0
2.1
.1
.0
.0
.1
.1
,0
-.1
-.3
-.2
.0
.0
-.8
-.2
.0
.0
1.8
.2
.0
.0
.3
.2
.0
.0
-.2
-.2
.1
.0
-.8
-.2
.0
.0
1.2
-.1
.0
.1
'.3
.0
-.1
-.2
-.2
.0
.2
-.8
.0
.0
-.1
Equals: Federal Government receipts, national income and
product accounts
213.5
240.5
271.9
283.2
57.3
53.0
63.1
67.1
66.6
61.6
67.2
76.6
7v/.4
68.0
68.0
70.8
76.2
71.6
231.9
246.5
268.4
324.6
57.6
60.9
64.7
63.3
65.5
64.9
67.6
70.4
74. i>
78. V
83.1 88.1
90.8
93.7
.9
-.2
1.2
-1.7
1.3
-3.6
2.1
.3
-9.7 —1.4
.3
.0
.3
-.3
.3
.0
.4
.4
.7
.5
-.6 —1.1 —5.3 -2.6
.6
-.9
.6
-2.7
2.5
.1
.0
1.7
.0
-.1
4.9
.0
-.2
10.8
.0
-.5
.9
.0
-.2
.-2
.0
.0
4.6
.0
-.1
3.9
.0
-.1
.0
.3
-2.5
.1
-6.3
.3
-1.9
.4
!o
-.8
.0
3.4
1.8
3.8
1.9
4.3
1.7
5.1
2.2
.9
.3
.9
.2
-.8
-.1
.0
2.6
.0
.1
-.2
-.1
.4
.1
.2
-.3
.3
.2
.6
.5
.3
.1
.6
256.2
278.9
329.5
60.4
Expenditures:
Unified budget outlays
Less: Coverage differences:
Geographic * .
Others
Financial transactions:
Net lending
Net purchases of foreign currency
Other .
Net purchases of land :
Outer Continental Shelf
Other
..
. .
Plus: Netting differences:
Contributions to government employees retirement
funds
Other 2
Timing differences;
Purchases of goods and services (increase in payables
net of advances)
Interest
Transfer payments
Subsidies less current surplus of government enterprises
Miscellaneous «
. . .
Equals: Federal Government expenditures, national income
and product accounts
232.9
1.8 -1.0
.0
.0
.1
.0
.3
.3
.3
.3
-.1 —1.0 —1.1 -1.4
2.1
.0
-.1
-1.3 -.3 -1.3
o .1
.0
.0
.0
.0
1.0
.7
1.0
.3
1.0
.2
.1
-.9
1.5
.9
-.6 -1.1 1.2 -1.2
1 —.1
—.6
.0
.1
1.2
.1
.5
.0
.1
.6
.0
.1
.4 -0.4
.2
.0
-.4
—.4
-.5
.1
-.2
.2
66.5
66.0
67.9
64.5
1.2
.0
.0
2.4
.0
•0
4.2
.0
-.2
2.0
.0
-.1
.0 -1.4
.1
.1
-.3
1
-.2 -.2
1
.1
1.3
.4
2.2
.0
-.1
-.5 -1.0 -3.6
.1
.l
.1
1.0
.6
64.8
1.6
.0
-.1
1.1
.6
1.2
.3
1.2
.4
-.2 -1.1
.1
-.2
.1
.1
.3
-.1
—.1
-.5
-.1
—.1
.6
.2
.2
.2
.5
.1
69.9
75.1
74.8
1.1
.7
-. 1
.1
1.4
1.1
1.4
.6
1.4
.6
.3 -1.0
-.2 -.1
_ i —.3
-.3
-.2
.2
.7
-.2
.0
.4 -1.0
.0
.0
.6
.1
.0
.1
-.2
.1
84.8
90.0
88.6
94.5
79.9
1. Consists largely of contributions for social insurance by residents of U.S. territories.
2. Consists largely of proprietary receipts that are netted against outlays in the unified
budget, and classified as receipts in the national income and product accounts.
3. Consists largely of Treasury receipts from sales of foreign currencies to Government
agencies.
4. Consists largely of transfer payments to residents of U.S. territories.
5. Consists of agencies not included in the unified budget, such as the Postal Service and
the Federal Financing Bank, and net purchases of silver and minor coin metal.
6. Consists largely of net expenditures of foreign currencies.
Table 3.16.—Relation of National Defense Purchases in the National
Income and Product Accounts to National Defense Outlays in
the Unified Budget
Table 3.17.—Relation of Commodity Credit Corporation (CCC)
Expenditures in the National Income and Product Accounts to
CCC Outlays in the Unified Budget
[Billions of dollars]
[Billions of dollars]
1972
National defense outlays in the unified budget
Department of Defense, military. .
1973
1974
76 9
77 2
83 4
89 9
74 9
76 0
82 6
86 9
Military personnel
Retired military personnel
Operation and maintenance
Procurement
Aircraft
Missiles
Ships..
Vehicles and ordnance
Electronics and communications
Other .
Research, development, test, and evaluationOther i
. ..
Militarv assistance .
Atomic energy and other defense-related activities
Less: Transfer payments, grants-in-aid, and net interest
paid
Timing differences and other adjustments 2
23 4
41
21 7
17.1
55
31
21
3.5
9
21
8.0
6
7
1.3
23 4
4 7
21 4
15.7
52
31
19
2.9
8
18
8.6
2 2
.4
.8
24 7
56
24 9
15.6
50
30
24
1.9
8
2 5
8.9
29
10
-.1
24 9
68
27 5
16.3
62
25
26
1.5
10
2 3
8.9
25
17
1.4
4 3
-1.0
50
—1.3
59
.3
7.0
— 1.4
Equals: National defense purchases, national income
and product accounts
73 5
73 5
77 3
84.3
1. Consists largely of military construction, family housing, civil defense, and revolving
and management funds.
2. Consists largely of the increase in advances net of payables for defense purchases.
1972
1975
Commodity Credit Corporation outlays in the unified
budget
Less* Financial transactions
Netting differences
Timing, differences
Other* .
..
1973
1974
1975
4.1
2.1
—0.5
1.9
.7
.6
-.2
.4
-.2
—.5
.9
.2
-.1
.0
-.1
-.4
-.1
-.2
Equals: Commodity Credit Corporation expenditures,
iu tional income and product accounts
4.1
1.6
-.1
1.2
Purchases of goods and services
Transfer payments to foreigners
Net interest paid
Subsidies less current surplus
Subsidies .
Less1 Current surplus
-.7
.5
-.2
4.6
3.9
-.7
-2.9
.3
-.3
4.4
2.7
-1.7
-1.4
.4
-.4
1.2
.2
-1.0
.4
.4
-.3
.7
.5
-.2
1. Consists largely of foreign currency transactions.
-
SURVEY OF CURRENT BUSINESS
July 1976
43
Table 3.18.—Relation of State and Local Government Receipts and Expenditures in the National Income and Product Accounts to the
Bureau of Census Government Finances Data: Fiscal Years
[Billions of dollars]
1971
1972
1973
1974
166 1
190 8
217 6
237 9
1971
1972
1973
170 8
190 5
205 2
22$ 0
4.7
20
4.7
18
4.1
2o
4.7
20
14 3
54
6.4
15 6
57
6.9
17 8
59
8.1
19 5
6.6
11.0
—3 8
—4 1
—4.8
—5 6
-.4
o
-3.7
o
-.2
0
2.8
141 4
156 2
171 8
190 6
1974
Expenditures
Receipts
Census t otal revenue
Less: Coverage differences:
Unemployment insurance fund contributions
and earnings
Certain grant programs
- ... - .
Financial transactions
Sale of land
Netting and grossing differences:
Enterprise current operating expenditures plus
current surplus
Government sales
-- Interest received
Employer contributions to own social insurance
funds
Plus: Timing differences:
Property taxes
Corporate profits taxes
Other
Miscellaneous
- --
3.6
-2.1
.2
.2
31
—1.2
.1
.3
14.3
5.4
6.4
.
Less: Coverage differences:
Unemployment insurance fund benefits paid
Purchases of land
57
Netting and grossing differences:
-1.0 ;
.2
Enterprise current operating expenditures plus
.4
current surplus
Government sales
..
Interest received
19.5
Employer contributions to own social insurance
6.6
funds . .
11.0 Plus: Timing differences: Excess of accruals over disbursements, and other.
_.
-5.6
Miscellaneous
5.0
-2.2
.2
.3
15.6
5.7
6.9
17.8
5.9
8.1
-3.8
-4.1
-4.8
.4
.4
-.4
.0
-.2
.1
.2
.0
.0
.1
-.8
.0
1.1
.2
-1.8
.0
142.0
Equals: State and local government receipts, national
income and product accounts
Cesus total expenditures
165.0
186.4
o
200.6
Equals: State and local government expenditures, national income and product accounts
4.—Foreign Transactions
Table 4.1.—Foreign Transactions in the National Income and Product Accounts
1972
1973
1974
1975
1972
IV
1974
1973
I
II
Millions of dollars
III
IV
I
II
1976
1975
III
IV
I
II
III
IV
I
II v
Billions of dollars, seasonally adjusted at annual rates
73, 366 101,556 142,381 148,070
79.7
89.4
96.7 105.2 115.0 125.2 142.2 148.4 153.8 147.5 142.9 148.2 153.7 154.1
156.8
72, 656 101, 556 144, 391 148, 070
Exports of goods and services
Merchandise
49, 388 71,410 98, 310 107, 133
Other
23, 268 30, 146 46,081 40, 937
Capital grants received by the United States (net) - _ .
710
0 -2,010
0
79.0
53.6
25.4
.7
89.4
61.7
27.7
.0
96.7 105.2 115.0 133.2 142.2 148.4 153.8 147.5 142.9 148.2 153.7 154.1
67.8 73.9 82.3 89.8 96.8 100.1 106.4 108.1 103.4 106.4 110.6 107.8
28.8 31.4 32.7 43.4 45.3 48.2 47.4 39.4 39.5 41.8 43.1 46.3
.0
.0
.0
.0
.0 -8.0
.0
.0
.0
.0
.0
.0
156.8
112.9
43.9
.0
73, 366 101,556 142,381 148,070
79.7
89.4
96.7 105.2 115.0 125.2 142.2 148.4 153.8 147.5 142.9 148.2 153.7 154.1
156.8
95.3 102.3 118.2 138.3 145.5 145.7 132.5 118.5 126.8 132.7 145.7
71.0 76.8 90.4 102.8 109.5 112.0 102.3 90.4 98.0 101.8 113.8
24.3 25.5 27.8 35.5 36.0 33.7 30.2 28.1 28.7 30.9 31.9
4.1 4.0 4.0
4.9
4.1 3.8
3.6
4.0 4.1
4.8 3.9
2.2
1.1
1.0
1.0
.9
1.0
.9
.9
.9
.9
1.0
3.2
3.1 3.0
3.2 3.1
2.7
2.5 2.8
3.9
3.1 2.9
4.2
4.3 4.5 4.9
4.4
4.5
4.4 4.4
4.0 4.0
4.0
3.9 -1.0 -5.2 -5.6 -.5 6.1 15.9 13.1 12.6 -.2
2.3
147.7
115.9
31.8
4.1
1.0
3.1
4.4
.6
Receipts from foreigners
Payments to foreigners
Imports of goods and services
M erchandise
Other
.
Transfer payments (net)
From persons (net)
.
__ _
From government (net)
__ _
Interest paid by government to foreigners __
Net foreign investment
Preliminary.
75, 949
55, 797
20, 152
3,779
1,034
2,745
2,684
-9,046
94,413 136, 925 127,599 81.1
70, 499 103, 679 98, 150 59.9
23, 914 33, 246 29, 449 21.1
3,883 4,238 3,984 3.6
1,252
1,016
913
1.1
3,222 3,071
2,631
2.5
3,836 4,262 4,542 2.9
-576 -3,044 11, 945 -7.9
87.7 92.4
65.4 68.8
22.3 23.6
4.1
3.0
.9
.9
2.1
3.2
3.5
3.9
-4,8 -3.7
SUEVEY OF CURRENT BUSINESS
44
July 1976
Table 4.3.—Relation of Foreign Transactions in the National Income and Product Accounts (NIPA's) to the Corresponding Items in the
Balance of Payments Accounts (BPA's) Annually, 1946-74
[Millions of dollars]
1972
Line
No.
I
3
4
5
9
10
11
12
13
14
1974
Line
No.
1975
148, 410
Exports of goods and services, BP A's
Plus: Expenditures in U.S. by foreign residents
working in U 8 excluding employees of
2
g
7
8
1973
72, 664 102, 154 144, 773
Other items
.
Statistical differences 3
Equals' Exports of goods and services, NIP A's
0 2 -598 2 -382
0
0
—8
72,656 101, 556 144,391
2-340
0
148, 070
710
0
0
0
0 « -2,010
0
710
o
-2,010
0
98, 249 141, 187
15
16
132, 141
Allocations of special drawing rights BPA's
Plus* Other items
Equals: Capital grants received by U.S. (net),
NIPA's
78,618
Imports of goods and services, BPA's
.
Plus: Expenditures abroad by U.S. residents
working abroad excluding U.S. government employees '
Expenditures in U S. by foreign residents
working in U.S., excluding employees of
foreign governments *
0
Other items
15
Statistical differences 3
...
Less* Payments of income on U S Government
2,684
liabilities BPA's
17
18
19
20
o
21
22
23
24
25
26
0
0
0
0
0
0
3,836
4,262
4,542
27
1972
Equals: Imports of goods and services, NIPA's
Unilateral transfers (excluding military grants of
goods and services) , net, BPA's
Plus: Other items 6
Statistical differences
Equals: Transfer payments to foreigners (net),
NIPA's
Payments of income on U.S. Government liabilities, BPA's
Equals: Interest paid by government to foreigners, NIPA's
1973
75 949
1974
1975
94 413 136 925
3 848
0
-69
3 883
127 599
o
o
7 184
—2 947
4 620
o
636
0
3 779
3 883
4 238
3 984
2 684
3 836
4 262
4 542
2 684
3 836
4 262
4 542
22 —3 598
11 650
Balance on current account, BPA's (1-9-16)
-9, 802
Plus: Capital grants received by U.S. (net),
NIPA's (8)
710
o
Other items (3-12-17)
Statistical differences (4-13-18)
46
Less: Expenditures abroad by U.S. residents
working abroad, excluding U.S. government employees (10)
Equals: Net foreign investment, NIPA's (5+815-19-21)
—9,046
o
o
—2 010
2 555
—598
296
—576 —3 044
11 945
o
o
o
5. Beginning with 1960, included in line 9.
1. Beginning wit'i 1960, included in line 1.
2. Consists of arms shipments to Israel that the administration determined would be
6. In 1974, consists of $2,010 million paid to India under the Agricultural Trade Developfinanced under the Emergency Security Act of 1973; this determination released Israel from
ment and Assistance Act and $937 million financing provided to Is rael in accordance with the
contractual liability to pay for these arms. In the national income and product accounts,
Emergency Security Act of 1973 referred to in footnote 2. In 1975, consists of $636 million
these arms shipments are classified as military grants. Goods and services transferred as
provided to Israel in accordance with the Emergency Security Act of 1973. In the balance of
military grants are included in the defense purchases component of QNP when they are
payments accounts, the differences between the financing through U.S. Government unilateral
acquired by the U.S. Government. Their transfer to abroad is not reflected in the national transfers provided to Israel and the shipments of arms in any year are recorded as capital
flows. In 1973, shipments of $598 million resulted in corresponding Israeli liabilities to the
income and product accounts.
3. Consists of statistical revisions in the estimates of the balance of payments accounts
United States (U.S. capital outflows). In 1974, U.S. Government unilateral transfers of $937
that have not yet been incorporated in the national income and product accounts.
million to Israel were used to reduce the $598 million Israeli liability to the United States and
4. Co- sists of a U.S. Government payment to India under the Agricultural Trade Develop- to pay for the 1974 shipments of $382 million; the remaining $43 million was recorded as an
ment and Assistance Act. In the national income and product accounts, this payment is increase in Isareli liabilities to the United States (U.S. capital outflows). In 1975, U.S. Governincluded in capital grants received by the United States (net); in the balance of payments ment unilateral transfers of $636 million to Israel were used to reduce the $43 million Israel i
liability to the United States and to pay for the 1975 shipments of $340 million; the remaining
accounts, it is included in unilateral transfers (excluding military grants of goods and services),
$253 million was recorded as an increase in U.S. liabilities to Israel (U.S. capital inflows).
net.
5.—Saving and Investment
Table 5.1—Gross Saving and Investment
1972
1974
1973
1972
1975
IV
1974
1973
I
II
III
Gross saving
Corporate capital consumption
allowances with capital consumption adjustment
Noncorporate "capital consumption allowances with capital
consumption adjustment
Wage accruals less disbursements.
III
IV
I
II
III
IV
I
177,548
216,794
205,314
191,224
189.3 203.2
213.1
219.1
231.8
213.0
206.5
200.0
201.7
172.1
180.2
204.6
208.0
UP
222.1
180,354
49, 370
210,502
70,324
211,566
72,209
255,600
83,964
191.7
66.4
196.8
59.4
205.8
69.1
212.6
71.7
226.8
81.1
216.4
72.6
206.4
67.8
201.0
67.6
222.4
80.8
217.0
67.2
273.2
104.5
262.7
80.5
269.4
83.7
273.8
79.5
25, 949
30,024
22, 570
39,264
1,657
44,430
10,254
33, 199
28.1
34.9
26.7
40.0
21.1
40.6
22.2
37.4
21.3
39.1
15.3
45.9
4.1
42.6
-7.2
49.7
-5.6
39.5
-2.9
22.3
9.9
29.1
17.9
39.5
16.2
41.9
20.6
46.6
-9.6 -16.7 -21.5 -17.0 -19.1 -30.4 -36.6 -53.4 -38.8 -16.5
-7.8
-6,597 -18,584 -39, 782 -11,416
2,522
1,890
65,362
71,858
84,558
40,002
-329
45, 794
-44
53,142
0
Government surplus or deficit (— ),
national income and product
accounts
-3,516
Federal
-17, 263
State and local
13,747
Capital grants received by the
United States (net)
II ~
Billions of dollars, seasonally adjusted at annual rates
Millions of dollars
Gross private saving
Personal saving
Undistributed corporate profits
with inventory valuation and
capital consumption adjustments .
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
I
IV
1976
1975
-8.6 -11.4
-9.0
82.5
-12.3 -ll.fi -14.2
-12.6 -13.5
-14.5 -15.4
2.7
2.4
2.0
1.8
1.4
-.2
-1.9
-3.5
-6.3
100,949
67.3
68.8
70.9
72.2
75.6
78.7
82.4
86.5
90.7
95.0
99.3
103.1
106.4
108.8
111.6
60, 433
0
40.8
.0
42.9
.0
44.8
-.1
46.6
.0
48.8
.0
49.8
.0
52.0
.0
54.2
.0
56.6
.0
57.8
.0
59.6
.0
61.3
.0
63.2
.0
64.8
.0
66.1
.0
6,292 -4,242 -64,376 -3.1
-6, 711 -11,516 -71, 248 -24.9
13,003
7,273
6,872 21.8
6.4
-9.7
16.1
7.3
-6.6
13.9
6.5
-6.2
11.7
5.0
-5.3
10.3
4.7
-4.1
8.7
.2
-7.6
7.8
-2,991 -11,530
-1.0 -20.8 -45.0 -92.9 -58.1 -61.5 -51.6
-9.0 -25.3 -49.8 -99.9 -66.0 -69.4 -63.8
12.2
7.9
7.9
4.7
6.9
4.5
8.0
710
0
-2,010
0
,7
.0
.0
.0
.0
-8.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
Gross investment
179,229
Gross private domestic investment . 188, 275
Net foreign investment
-9, 046
219,423
219, 999
-576
211,938
214,982
-3,044
195,643
183, 698
11, 945
192.7
200.5
-7.9
205.8
210.6
-4.8
214.2
218.0
-3.7
222.3
220.0
2.3
235.4
231.5
3.9
215.4
216.4
-1.0
213.6
218.8
-5.2
207.7
213.3
-5.6
211.0
211.5
-.5
178.5
172.4
6.1
180.3
164.4
15.9
209.8
196.7
13.1
214.0
201.4
12.6
229.4
229.6
-.2
236.9
236.3
.6
2,629
6,624
4,419
3.4
2.6
1.1
3.2
3.6
2.4
7.1
7.7
9.3
6.4
.1
5.1
6.1
7.2
Statistical discrepancy
* Preliminary.
1,681
SURVEY OF CURRENT BUSINESS
July 1976
Table 5.2.—Gross Private Domestic Investment, Capital Consumption Allowances with Capital Consumption Adjustment, and
Net Private Domestic Investment by Major Type of Investment
[Millions of dollars]
45
Table 5.3.—Gross Private Domestic Investment, Capital Consumption Allowances With Capital Consumption Adjustment, and
Net Private Domestic Investment by Major Type of Investment
in Constant Dollars
[Billions of 1972 dollars]
1972
1973
1974
1975
1972
Gross private domestic investment
Fixed investment. .
82,911 102,347
77,282
178,833 202,092 204,308
Less: Capital consumption allowances with capital consumption adjustment .
105, 364 117, 652 137, 700
Equals: Net fixed investment
73, 469 84,440 66,608
Nonresidential
198,314
161, 382
36, 932
147, 142
83, 567
33,260
92, 126 108,360
43, 853 40, 867
128, 599
18, 543
Structures..
Less: Capital consumption allowances with capital
consumption adjustment
Equals: Net structures .
42,543
49, 019
54, 120
52,029
26, 514
16, 029
29,741
19, 278
35, 910
18, 210
41,034
10, 995
Producers' durable equipment
Less: Capital consumption allowances with capital
consumption adjustment
Equals: Net producers' durable equipment-
74, 284
86,960
95, 107
95, 113
57, 053
17,231
62,385
24,575
72, 450
22, 657
87,565
7,548
Residential
62,006
66, 113
55,081
51, 172
Less: Capital consumption allowances with capital
consumption adjustment.
Equals* Net residential
21, 797
40,209
25, 526
40, 587
29, 340
25,741
32, 783
18,389
60,281
64,307
52, 727
48, 991
19, 802
40, 479
23, 240
41,067
26,764
25, 963
29, 840
19, 151
Nonfarm structures
Less: Capital consumption allowances with capital
consumption adjustment
Equals: Net nonfarm structures
Farm structures
Less: Capital consumption allowances with capital
consumption adjustment
Equals: Net farm structures
Producers' durable equipment
Less: Capital consumption allowances with capital
consumption adjustment
Equals: Net producers' durable equipment
Change in business inventories.
Gross private domestic investment
188.3
207.2
182.0
137.8
Less: Capital consumption allowances with capital consumption adjustment
,., , ,
105.4
111.7
117.1
121.5
82.9
95.5
64.9
16.2
Fixed investment
22,316
116,827 135,979 149, 227
Less: Capital consumption allowances with capital
consumption adjustment. .
Equals: Net nonresidential
1974
178.8
190.7
173.5
149.8
Less: Capital consumption allowances with capital
consumption adjustment
Equals: Net fixed investment
105.4
73.5
111.7
79.0
117.1
56.4
121.5
28.3
116.8
131.0
128.5
111.4
83.6
33.3
88.4
42.6
93.0
35.5
96.9
14.5
Structures
Less: Capital consumption allowances with capital
consumption adjustment
Equals* Net structures
42.5
45.5
42.1
36.7
26.5
16.0
27.3
18.1
28.2
13.8
29.0
7.7
Producers' durable equipment
Less: Capital consumption allowances with capital
consumption adjustment .
Equals: Net producers' durable equipment
74.3
85.5
86.5
74.7
57.1
17.2
61.1
24.4
64.8
21.6
67.9
6.8
62.0
59.7
45.0
38.4
Less: Capital consumption allowances with capital
consumption adjustment
Equals: Net residential
. ..
21.8
40.2
23.2
36.4
24.1
20.9
24.6
13.8
1975
183,698
Less: Capital consumption allowances with capital consumption adjustment _
105, 364 117, 652 137, 700 161, 382
Equals: Net private domestic investment.
1973
Residential
188,275 219,999 214,982
Equals : Net private domestic investment
Nonresidential
664
601
1,013
843
1,203
-539
1,431
-830
1,627
-614
1,841
-998
1,061
1,205
1,341
1,338
792
269
855
350
949
392
1,102
236
9,442
17,907
10,674 -14,616
Less: Capital consumption allowances with capital
consumption adjustment
Equals: Net nonresidential
Nonfarm structures
Less: Capital consumption allowances with capital
consumption adjustment
Equals: Net nonfarm. structures
60.3
57.9
42.9
36.6
19.8
40.5
21.1
36.8
21.8
21.1
22.3
14.3
Farm structures
Less: Capital consumption allowances with capital
consumption adjustment
Equals: Net farm structures
.
...
.7
.5
.8
.6
1.2
-.5
1.3
-.8
1.3
-.5
1.4
-.8
1.1
1.2
1.3
1.2
.8
.3
.8
.4
.9
.4
.9
.2
9.4
16.5
8.5
-12.0
Producers' durable equipment
Less: Capital consumption allowances with capital
consumption adjustment
Equals* Net producers' durable equipment
Change in business inventories
.
Table 5.4.—Purchases of Structures by Type
[Millions of dollars]
1972
Purchases of structures
1973
1974
Nonresidential .
New
Nonresidential buildings, excluding farm
Industrial
Commercial
_
Religious
E ducational
Hospital and institutional
Other 1
Public utilities
Railroads
Telephone and telegraph. .
Electric light and power
Gas
Petroleum pipelines
Farm
Mining exploration, shafts, and wells
Petroleum and natural gas. ...
Other....
Others
Brokers' commissions on sale of structures
Net purchases of used structures
Residential
New
135 286 148 249 148 107
143 283
103 488 113 927 107 860
Private
101 863
42 543
49 019
54 120
52 029
42 252
48 672
53 779
51 735
24 257
4 676
13 683
27 811
6 243
15 680
29 841
7*902
16 142
26 582
8 018
12? 981
867
844
968
814
837
919
656
567
3 172
3 152
3 204
3 210
914
1 085
1 018
939
12 485
14 338
15 835
3 235
6 992
1 615
3 892
8 072
1 640
4 198
8 444
1 658
359
284
1 432
3 137
2 749
388
941
311
960
16 069
*443
3 617
8 139
1*665
2 205
2 120
3 490
3 019
2 306
4 798
4 139
2 219
5 797
5 012
659
999
1 068
423
471
913
575
1972
785
421
483
519
462
-130
-136
-178
64 908
53 740
49, 834
58 414
61 964
50 296
61,380
51,954
28, 125
19, 438
4,391
7,060
2,366
49,309
40,032
23, 344
13,507
3,181
7,589
1,688
44, 711
33, 38
24,65
6,31<
2,41f
10, 18'
1,13(
647
372
275
584
370
214
987
531
456
82'
37
45
4,472
4,148
3,800
-1, 269 -1,204 -1,028
4,90.
-6(X
New — Continued
Nonfarm
.
New housing units
1-unit structures _ _ _.
2-or-more unit structures
Mobile homes .
Additions and alterations
Nonhousekeeping
Farm
New housing units
Additions and alterations
..
..
.
--
Brokers' commissions on sale of structures .
Net purchases of used structures _
Government
..
31,798
Educational
Hospital
Other 3
Military facilities
Conservation and development
Net purchases of used structures
- -...
40,247
41,42
32,982
39,041
40,64
11,500
875
534
5,720
1,008
3,363
Residential
34,322
30,399
- ---
New
Water supply facilities
Other*
1975
Residential-— Continued
45 538
1. Consists of buildings used primarily for social and recreational activities and buildings,
not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
2. Consists of streets, dams and reservoirs, sewer and water facilities, parks, airfields, etc.
1974
Private—Continued
-168
60 945
1973
57, 767
48,633
27,337
17, 247
4,049
7,145
1,989
1975
12,994
940
606
6,648
1,002
3,798
14,990
1,006
766
7,310
1,239
4,669
15,25
10,428
1,003
2,172
10,506
1,167
2,313
12,068
1,186
2,741
10,84,
1,39
3,25
2,002
1,076
2,218
2,429
1,068
2,505
3,384
1,382
3,290
4,80
1,76,
3,33
1,399
1,340
1,206
77<
66
91
7,76
1,78.
4,17'
3. Consists of general office buildings, police and fire stations, courthouses, auditoriums
garages, passenger terminals, etc.
4. Consists of electric and gas facilities, transit systems, airfields, etc.
SURVEY OF CURRENT BUSINESS
46
Table 5.5.—Purchases of Structures by Type in Constant Dollars
[Billions of 1972 dollars]
July 1976
Table 5.6.—Private Purchases of Producers' Durable Equipment by
Type
[Millions of dollars]
1972
1973
1974
135.3
135.7
117.1
103.3
103.5
103.9
85.8
74.0
1975
1972
Purchases of structures
Private
NonresidentiaJ
42.5
45.5
42.1
36.7
New -- -
42.3
45.1
41.8
36.5
Nonresidential buildings, excluding farm
Industrial
Commercial
Religious
Educational
.
...
Hospital and institutional
Other J
24.3
4.7
13.7
.8
1.0
3.2
.9
25.8
5.8
14 5
.8
.8
29
1.0
23.3
6.2
12.6
.7
.5
2.5
.8
19.0
5.7
9.3
.6
.4
2.3
.7
Public utilities
Railroads
Telephone and telegraphElectric light and power
Gas
Petroleum pipelines
12.5
4
3.2
7.0
16
.3
13 4
.4
3.6
7.5
1.5
.3
12.5
.4
3.4
6.6
1.3
.8
11.4
.3
2.7
5.5
1.2
1.7
Farm
Mining exploration, shafts, and wells- Petroleum and natural gas
Other
Other 2
14
3.1
2 7
4
9
2 0
32
2 7
4
9
1.8
3.4
29
.5
.8
1.6
3.8
3.3
.6
.7
Brokers' commissions on sale of structures. _
Net purchases of used structures
.4
-.1
.4
-1
.4
-.1
.3
-.1
60.9
58.5
43.7
37.3
58.4
55 8
41.0
34.1
Residential
_ _
..
r
New
-.
.-.
._
_.
Farm
New housing units Additions and alterations- Brokers' commissions on sale of structures
Net purchases of used structures
Government
New
-_.
__
57.8
48 6
27.3
17.2
4.0
71
2.0
55.3
46 8
25 2
17 4
4.2
63
21
40 2
32 6
18 9
11 0
2 7
62
14
33.4
25.0
18.4
4.7
1.9
7.6
.9
6
.4
.3
5
.3
2
g
4
4
.6
.3
.3
38
-1.3
37
—1.1
36
— 8
3.7
-.5
31 8
Nonf arm
New housing units
1-unit structures
2 or more unit structures
Mobile homes.Additions and alterations
Nonhousekeeping__
31 8
31 3
30.4
30 6
30 3
28.7
11 5
9
.5
5.7
10
3.4
11 9
g
6
6.0
9
35
12 1
g
6
6.0
10
36
11 2
5
.7
5.8
1.3
3.0
Highways and streets
Military facilities..
Conservation and development
Sewer systems
Water supply facilities.
Other *
10 4
1.0
22
20
1.1
22
98
1.1
2 2
23
1.0
23
87
.9
2 3
27
1.1
25
7.2
1.0
24
34
1.3
1.4
1.2
1.0
.6
2 2
1. Consists of buildings used primarily for social and recreational activities and buildings
not elsewhere classified, such as passenger terminals, greenhouses, and animal hospitals.
2. Consists of streets, dams and reservoirs, sewer and water facilities, parks, airfields, etc.
3. Consists of general office buildings, police and fire stations, courthouses, auditoriums,
garages, passenger terminals, etc.
4. Consists of electric and gas facilities, transit systems, airfields, etc.
1974
1975
88, 165
96,448
96,451
74, 284
86 960
95 107
95 113
3 280
2 025
1 407
2 569
2 466
3 230
800
3 188
4 127
3 651
2 245
1 436
3 486
3 444
3 765
892
3 918
4 614
4 570
2 g69
1 575
4 144
4 074
4 474
1 202
4 662
5 427
4 314
2 979
General industrial, including materials handling,
equipment
Office, computing, and accounting machinery..
Service industry machinery
3 985
4,568
2 702
4 845
5 386
2 810
5 394
4 749
2 779
6 947
4 333
2 768
Electrical transmission, distribution, and industrial
apparatus
Communication equipment
Electrical equipment, n.e.c...
3 635
6 595
909
4 223
7 917
1,003
4 675
9 047
1 271
4 731
9 036
1 204
10 285 12 670
7,570
8 529
1 870 2 633
1 051 1 174
1,906
1,764
4,211
4,988
2 350
2 554
13 610
7 950
2 001
1*447
2 228
5,710
2 598
10 615
8 003
2 238
1 292
2 555
6,266
2 566
Nonresidential
Furniture and fixtures..
Fabricated metal products
Engines and turbines
Tractors
Agricultural machinery (except tractors) .
Construction machinery (except tractors) ...
Mining and oilfield machinery
Metalworking machinery
Special industry machinery, n.e.c
.
Trucks, buses, and truck trailers.
Autos
Aircraft
Ships and boats
Railroad equipmentInstruments
Other
Less: Sale of equipment scrap (excluding autos)
1 fiOft
4 366
4 169
4 435
1 418
4 985
4 966
445
987
1,849
704
1 061
Residential
1,205
1 341
1,338
75, 345
670
88,165
783
96, 448
835
96, 451
786
134
3,147
356
459
78, 503
152
134
3,767 4,237
399
419
1,865
1,002
92, 436 101, 962
172
5,455
567
718
102, 233
29 3
Buildings, excluding military
Residential
Industrial ...
E ducationaL . _ .
Hospital
Others
Net purchases of used structures
Private purchases of producers' durable equipment. 75,345
1973
Addenda:
Private purchases of producers' durable equipment
Less: Dealers' margin on used equipment
Net purchases of used equipment from government
.
..
Plus: Net sales of used equipment
Net exports of used equipment..
Sale of equipment scrap
Equals' Purchases of new equipment
n.e.c. Not elsewhere classified.
Table 5.7.—Private Purchases of Producers' Durable Equipment by
Type in Constant Dollars
[Billions of 1972 dollars]
1972
Furniture and fixtures
Fabricated metal products
Engines and turbines
Tractors
Agricultural machinery (except tractors)
Construction machinery (except tractors)
Mining and oilfield machinery
M^ etal worki ng machi nery
Special industry machinery n e e
General industrial, including materials handling,
equipment
Office computing and accounting machinery
Service industry machinery
Electrical transmission, distribution, and industrial
apparatus
Communication equipment
Electrical equipment n.e.c
.
Trucks buses and truck trailers
-
Other
Less* Sale of equipment scrap (excluding autos)
Residential
n.e.c. Not elsewhere classified.
1974
1975
75.3
86.7
87.7
75.8
74.3
Private purchases of producers' durable equipment .
Nonresidential
Ships and boats
Railroad equipment
1973
85.5
86.5
74.7
3.3
2.0
1.4
2.6
2.5
3.2
.8
3.2
4. 1
3.4
2.2
1.4
3.4
3.3
3.6
.9
3.8
4.4
3.7
2.5
1.5
3.5
3.5
3.9
1.0
4.1
4.6
3.2
2.1
1.3
3.1
3.0
3.0
1.0
3.7
3.5
4.0
4.6
2.7
4.7
5.4
2.8
5.2
4.7
2.5
5.0
4.2
2.2
3.6
6.6
.9
4.2
7.7
1.0
4.3
8.6
1.1
3.6
7.5
.9
10.3
7.6
1.9
1.1
1.9
4.2
2.4
12.5
8.7
2.5
1.1
1.7
4.9
2.5
12.3
7.7
1.7
1.2
1.9
5.4
2.3
8.5
7.5
1.6
1.0
1.7
5.4
2.0
' .4
.7
.7
.4
1.1
1.2
1.3
1.2
July 1976
SURVEY OF CURRENT BUSINESS
47
Table 5.8.—Change in Nonfarm Business Inventories by Legal
Form of Organization and by Industry
[Millions of dollars]
1972
n
1974
1973
1975
8 832
14,659
12, 190
— 17,626
16, 423
-7,591
Chanffe i nonfnrm business inventories
Change in book value
Inventory valuation adjustment
35, 872
-21,213
59, 795
—47, 605
-4, 371
-13,255
By legal form of Organization
7,661
14 504
-6, 843
13, 924
33 383
-19, 459
13, 782
57 794
-44, 012
-14,153
-2, 053
-12, 100
1,171
1 919
-748
735
2,489
-1, 754
-1,592
2,001
-3, 593
-3, 473
-2,318
-1, 155
2 113
5 608
-3, 495
6,200
16, 347
-10, 147
8,325
31, 950
-23, 625
-7, 651
-2, 049
-5,602
Durable goods '
Change in book value
Inventory valuation adjustment _. _.
2,232
3,908
-1,676
6,318
10, 952
-4,634
4,576
19, 985
-15,409
-5, 569
-1, 035
-4,534
Nondurable goods 3
Change in book value
Inventory valuation adjustment
-119
1,700
-1 819
-118
5,395
-5, 513
3,749
11,965
-8, 216
-2, 082
-1,014
-1,068
Corporate business *
Chancre in book value
Inventory valuation adjustment
Noncorporate business '
Change in book value
Inventory valuation adjustment ..
By industry
IVfanufacturintf
Change in book value
Inventory valuation adjustment
..
1. Consists of the domestic activities of all entities filing corporate tax returns, mutual
financial institutions, private noninsured pension funds, cooperatives subject to Federal income taxes, nonprofit organizations serving business, Federal Reserve banks, and federally
sponsored credit agencies.
2. Consists of the business activities reported on the individual income tax return in Schedule C—Profit (or Loss) from Business or Profession and in Schedule E—Supplemental Income Schedule; all entities filing partnership income returns; tax-exempt cooperatives; and
owner-occupied nonfarm dwellings and buildings owned by nonprofit institution serving
individuals which are considered to be business establishments selling their current services
to their owners.
1972
Wholesale trade
Change in book value.__
Inventory valuation adjustment..
1974
1973
1975
2 222
3 907
—1 685
3 070
8 064
—4 994
4 006
11 561
—7* 555
5 457
2 764
—2 693
1 503
2 018
—515
1 760
3 304
—1 544
3 097
7 442
—4 345
—1 959
*441
1 518
719
1 310
4 760
—3*450
909
1 889
—1 170
4 119
—3 210
3 498
2*323
—1 175
2 711
4 503
—1 792
3 883
7*909
—4 026
1 264
8 395
—9 659
4 302
—929
3 433
Durable goods *
Change in book value
Inventory valuation adjustment
1 556
2 199
—643
2 395
3*537
—1 142
21
4 653
—4 632
3 382
—1*022
2 360
Nondurable goods * . . .
Change in book value.
. ...
Inventory valuation adjustment
1 155
2 304
—1 149
1 488
4*372
—2 884
—1 285
3*742
—5* 027
—1 073
Other
Change in book value
Inventory valuation adjustment
1 786
2 405
—619
1 506
3 552
—2 046
1 123
7 889
—6 766
—156
1 371
—1* 527
Durable goods *
Change in book value
Inventory valuation adjustment..
Nondurable goods 4
_.
Change in book value
Inventory valuation adjustment
Retail trade
Change in book value
Inventory valuation adjustment
.
980
93
3. Classified as durable or nondurable by type of product produced by the establishment
holding the inventory.
4. Classified as durable or nondurable by type of product sold by the establishment holding
the inventory.
NOTE.—The inventory valuation adjustment (IVA) shown in this table differs from that
which adjusts business income. The IVA in this table reflects the mix of methods (first infirst 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 from
statistics tabulated by the Internal Revenue Service and other sources. The industry classification is based on the 1967 Standard Industrial Classification.
Table 5.9.—Inventories and Final Sales of Business
[Billions of dollars]
1972
IV
19 74
1973
I
II
III
IV
I
-
11
19 75
III
IV
I
1976
11
III
IV
I
HP
Seaso nally adj usted qu arterly t rtals
Inventories *
288.6
306.0
321.6
335.0
355.8
374.6
392.0
419.9
428.0
419.0
417.7
426.8
426.8
434.9
445 8
Farm
-Nonfarm
Durable goods
Non durable goods. _
44.6
243.9
138.1
105.8
51.8
254.2
144.0
110.3
59.2
262.4
148.4
114.0
63.7
271.3
153.5
117.8
66.2
289.6
162 9
126.7
64.7
309.9
173.3
136.6
59.2
332.7
186.4
146.4
65.9
354.0
197.7
156.3
61.7
366.3
206.1
160.2
58.5
360.5
203.8
156.7
63.2
354.5
199.9
154.6
66.3
360.5
202.0
158.5
63.3
368.5
203.4
160.1
64,2
370.7
205.5
165.1
67.1
378.7
208.4
170.2
120.4
78.1
42.3
125.5
81.4
44.1
129.3
83 6
45.7
134.1
87.0
47.1
143.6
93.4'
50.2
155.7
101.0
54.7
170.0
110.3
59.7
182.3
117.6
64.7
188.7
121.3
67.3
187.7
122.0
65.7
184.8
120 2
64.6
186.4
120.2
66.2
188.5
120.8
67.7
190.6
121.3
69.3
193.7
122.7
71.0
43.6
26.2
17.4
45.9
27.2
18.6
47 3
28.2
19 2
49.1
28.7
20.4
52.8
30.5
22.3
57.2
32.6
24.6
61.2
35.3
25.8
64.9
37,9
27.0
67.0
39.7
27.3
66.0
40.0
26.0
64.1
39.2
24.9
65.0
39.3
25.7
64.7
39.7
25.0
66.6
40.8
25.8
68.8
41.9
26.0
58.0
26.1
32 0
60.3
27.2
33 1
62.4
28 3
34 1
63.5
29.0
34 4
66.8
29.8
37 0
68.4
30.3
38.1
70.7
30.9
39.7
74.0
32.2
41.8
76.3
35.1
41.2
73.2
32.4
40.7
72.3
31.7
40.7
75.0
33.5
41 5
74.7
33.5
41.2
77.2
34.0
43.2
79.2
34.3
44.9
21.8
22.6
23.4
24.6
26.4
28.6
30.9
32.8
34.4
33.6
33.3
34.1
35.6
Manufacturing.
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
.
-
.
-
Retailtrade
Durable goods
Nondurable goods
Other
Ratio of inventories to final sales
Nonfarm 3
. . .
36.3
36.9
1, 019. 9 1 060.6 1, 076. 6 1, 102. 4 1, 120. 5 1, 143. 5 1, 170. 8 1,202.3 1. 210. 1 1,238.5 1, 276. 4 1, 308. 8 1,344.7 1.366.9
-
Final sales 2
1,437.0
.318
.271
.310
.264
.283
.239
.289
240
.299
.244
.304
.246
p Preliminary.
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories
calculated from current-dollar inventories shown in this table is not the current-dollar change
in business inventories (CBI) component of GNP. The former is the difference between two
inventory stocks, each valued at end-of-quarter prices. The latter is the change in the physical
volume of inventories valued at average prices of the quarter. In addition, changes calculated
from this table are at quarterly rates, whereas CBI is stated at annual rates.
2. Quarterly totals at annual rates.
.318
.258
.338
.271
.335
.284
.349
.294
.354
.303
.338
.291
.327
.278
.326
.275
.317
.270
3. Equals ratio of nonfarm inventories to final sales of business. These sales include a smal 1
amount of final sales by farms.
NOTE.—Inventories are classified as durable or nondurable as follows: For manufacturing,
by the type of product produced by the establishment holding the inventory; for trade, by the
type of product sold by the establishment holding the inventory; for construction, durable;
and for other nonfarm industries, nondurable. The industry classification is based on the
1967 Standard Industrial Classification.
SUEVEY OF CURRENT BUSINESS
48
July 1976
Table 5.10.—Inventories and Final Sales of Business in Constant Dollars
[Billions of dollars]
1972
IV
1974
1973
I
II
III
1
IV
11
1975
11
1
IV
I
1976
II
III
IV
I
HP
Seasonally adjusted quarterly totals
Inventories1
Farm
277.4
Nonfarm
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods
.
--
Retail trade
Durable goods
Nondurable goods
-
Other
--
-
-
.
-
.
-
Final sales 2
299.1
300.3
302.3
297.2
291.9
291.7
290.3
292.9
295.3
41.9
254.8
147.8
107.0
41.9
257.2
148.2
109.0
41.8
258.5
149.1
109.3
41.7
260.7
151.8
108.9
41.9
255.3
148.4
106.9
42.0
249.9
145.5
104.5
42.2
249.4
144.3
105.2
42.6
247.7
142.4
105.3
43.0
249.9
141.8
108.1
42.7
252.5
142.8
109.8
118.7
77.8
40.9
120.0
79.1
41.0
121.4
81.0
40.4
123.6
82.8
40.7
125.7
84.3
41.4
127.4
84.9
42.5
128.6
85.7
42.9
129.7
86.4
43.3
128.7
86.3
42.5
126.6
85.2
41.4
125.0
83.6
41.5
124.1
82.1
41.9
124.1
81.4
42.7
125.1
81.6
43.5
43.0
26.3
16.8
43.4
26.8
16.6
43.9
26.9
17.0
45.3
27.6
17.7
46.6
28.3
18.3
47.7
28.9
18.8
48.0
29.5
18.5
48.5
30.1
18,4
47.3
29.9
17.4
45.7
29.2
16.5
45.5
28.8
16.8
44.9
28.6
16.3
45.7
28.9
16.8
46.8
29.5
17.2
57.4
26.3
31.0
58.2
27.1
31.1
58.7
27.7
31.0
60.3
28.0
32.2
59.6
27.6
32.1
59.2
26.8
32.5
58.9
26.5
32.4
59.2
27.9
31.2
56.4
25.3
31.1
55.2
24.5
30.6
56.2
25.5
30.7
55.6
25.2
30.4
56.8
25.0
31.8
57.1
25.0
32.1
21.4
21.9
22.5
22.7
22.9
22.9
23.0
23.4
22.9
22.5
22.6
23.1
23.3
23.5
997.0
996.1 1,011.1 1,021.8 1,035.7 1,044.7
1,059.3
.275
.
.271
.275
.277
.285
.288
.291
.294
.303
.298
.289
.285
.280
.280
.279
.236
Ratio of inventories to final sales
Nonfarm 3
296.7
42.1
251.8
146.3
105.5
56.5
25.7
30.8
..__
293.9
41.1
246.4
143.4
103.0
42.4
25.8
16.5
-
287.5
40.5
243.5
140.6
102.9
21.3
-
284.0
39.8
240.5
137.9
102.6
1,007.6 1,034.5 1,032.0 1,037.5 1,031.8 1,029.5 1,026.7 1,022.0
--
M anuf acturing
]Durable goods
Nondurable goods
280.3
39.8
237.6
135.7
101.8
117.5
76.8
40.7
-
.232
.236
.237
.244
.247
.251
.253
.261
.256
.247
.244
.239
.239
.238
p Preliminary.
1. Inventories are as of the end of the quarter. Quarter-to-quarter changes calculated from
this table are at quarterly rates, whereas the constant-dollar change in business inventories
component of GNP is stated at annual rates.
2. Quarterly totals at annual rates.
3. Equals ratio of nonfarm inventories to final sales of business. These sales include a
small amount of final sales by farms.
NOTE.—Inventories are classified as durable or nondurable as follows: For manufacturing,
by the type of product produced by the establishment holding the inventory; for trade, by
the type of product sold by the establishment holding the inventory; for construction, durable; and for other nonfarm industries, nondurable. The industry classification is based on
the 1967 Standard Industrial Classification.
6.—Product, Income, and Employment by Industry
Table 6.1.—'Gross National Product and Its Components by Industry
[Billions of Dollars]
1972
Gross national product
Compensation of employees
Profit-type return . t_."
Net interest
Indirect business taxes, etc .
Statistical discrepancy
Capital consumption allowances
1973
1974
1 171 1 1 306 6 1,413
2
1,516 3
875 8
208.2
67 1
134 0
6.6
121 4
928 8
230 8
74 6
145 0
4 4
132 8
1 164 1 1 297 5 1 398 7
875 8
715 1 799 2
186 2
197 1
210 6
44 9
63 8
50.1
125 6
115 7
134 0
26
6.6
17
121 4
100 5
109 4
1 505 7
928 7
224 6
70 2
145 0
4 4
132 8
715 1
191 0
47 0
115 7
17
100 5
..
Gross domestic product
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Statistical discrepancy
Capital consumption allowances
799 2
217 4
52 3
125 6
26
109 4
Agriculture, forestry, and fisheries
Compensation of employees
Profit-type return
Netinterest
Indirect business taxes, etc
Capital consumption allowances
35 4
63
17 9
3.1
2.2
59
53 9
74
33 9
3.7
2.3
66
52 6
84
29 4
4.6
24
79
54 8
91
29 4
5.3
2.6
85
Farms
Compensation of employees
Profit-type return
Netinterest _
Indirect business taxes, etc
Capital consumption allowances
32.0
4.5
16.9
3.0
2.1
5.4
50.1
5.3
32.9
3.6
2.1
6.2
48.5
6.1
28.3
4.4
2.3
7.4
50.3
6.5
28.3
5.2
2.4
7.9
33
1.7
.9
.1
.1
.5
38
2.1
1.0
.1
.1
.5
42
2.3
1.1
.1
.2
.5
45
2.5
1.1
.1
.2
.6
Mining
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances
18.9
7.8
4,6
.3
1.6
4.7
21.4
8.7
58
.3
1.7
4.8
31.8
10.5
13.1
.3
2.5
5.4
37.6
12.8
15.9
.3
2.8
5.8
Contract construct! on
Compensation of employees
Profit-type return. .
Net interest
Indirect business taxes, etc
Capital consumption allowances
56.6
43.0
8.8
.4
1.3
3.0
63.3
48.4
9.3
.7
1.4
3.5
66.7
51.5
8.7
1.0
1.5
4.0
66.5
50.2
8.8
1.3
1.6
4.5
Agricultural services forestry and fisheries
Compensation of employees
Profit-type return
Netinterest
_
Indirect business taxes, etc
Capital consumption allowances
-
- .
1974
1975
1972
1973
Manufacturi ng
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances -
288.8
203.2
34.9
321.8
334.3
249.4
229.9
24.8
37.0
7.4
9.8
20.9 . 20.9
26.6
29.4
346.1
251.'
31.'
9.
21.
31.
Nondurable goods
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
C apital consumption allowances
116.8
76.5
12.5
2.7
15.0
10.1
127.5
83.3
14.0
3.1
15.8
11.3
136.1
90.1
15.2
3.3
15.5
12.0
142.'
93.
17. (
3.
15. i
12. <
Durable goods
Compensation of employees.
Profit-type return
Netinterest
Indirect business taxes, etc
Capital consumption allowances
171.9
126.8
22.4
3.2
4.7
14.7
194.3
146.6
23.0
4.3
5.1
15.3
198.2
159.2
9.6
6.5
5.4
17.5
203.
158.:
14.'
6.^
5.'
18. (
Transportation
.
C ompensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
C apital consumption allowances
46.2
31.9
2.5
1.6
4.0
6.3
51.3
36.6
2.2
1.7
4.3
6.4
56.3
39.7
2.7
2.0
4.6
7.3
56. <
40.
1.
l.<
5.(
l.i
Railroad transportation
Compensation of employees
Profit-type return
Net interest ._
._
Indirect business taxes, etc
Capital consumption allowances
10.3
7.8
-.2
.6
.5
1.6
11.5
9.4
-.4
.6
.5
1.5
12.3
10.2
-.7
.6
.6
1.6
-l.i
19.4
12.9
2.3
.3
1.8
2.1
21.7
14.8
2.3
.4
1.9
2.3
23.5
15.9
2.3
.6
2.1
2.7
23.'
7.9
5.3
.0
.3
.9
1.4
8.8
6.0
0
.3
1.0
1.5
9.6
6.5
.1
.4
1.0
1.7
9.(
7.(
1975
Gross domestic product-— Continued
Trucking and warehousing
Compensation of employees
Profit-type return
Net interest
Indirect business taxes etc
C apital consumption allowances _
Air transportation
Compensation of employees
Profit-type return
Netinterest ..
Indirect business taxes etc
C apital consumption allowances
6.0
19.8
24.8
.. .
.
..
-
.
... .
11.1
10. 5
.(
.(
1.
15. (
2.:
J
2.;
3.
1.
1.
July 1976
SUEVEY OF CUREENT BUSINESS
49
Table 6.1.—'Gross National Product and Its Components by Industry—Continued
1972
1974
1973
1972
1975
Gross domestic product—Continued
1973
1974
43 7
31 5
18 5
—13 9
47
29
42 1
34 7
18 4
—19 5
49
36
43 5
38 2
16 5
—20 3
49
41
46 6
41 9
15 7
—21 0
52
48
1975
Gross domestic product— Continued
Transportation— Continued
Other i
Compensation of employees
Profit-type return
Net interest.
Indirect business taxes, etc...
Capital consumption allowances
8.7
5.9
Finance, insurance, and real estate— Continued
Finance and insurance
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances
4
.4
.8
1.2
9 2
6.4
3
.4
.9
1.1
10 8
7.1
10
.5
.9
1.3
11 6
77
10
4
10
1.4
Communication
Compensation of employees .
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances
29.4
14 6
30
21
4.1
56
32.7
16 3
32
2 4
4.3
6 5
35.3
17 8
28
29
4.6
73
38 4
19 4
30
33
4.8
80
Real estate
Compensation of employees
Profit-type return
Net interestIndirect business taxes, etc
Capital consumption allowances
124 9
66
30 7
37 6
28 1
21 9
137 1
77
31 5
44 0
30 4
23 5
140 7
81
31 9
51 5
32 7
25 6
162 7
81
35 7
56 2
35.3
27 5
Telephone and telegraph
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
.
C apital consumption allowances
26.9
13 0
25
2.0
4.0
5.3
30.1
14 5
2 8
2.4
4.2
6.2
32.6
15 9
2 5
2.9
45
6.9
35.2
17 3
2 3
3.2
47
7.7
Services.
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances
134 5
92 9
27 8
1.8
41
80
150.5
104 6
30 3
2.1
4 4
9 2
165.7
117 6
30 5
2.6
4 8
10 2
181.8
130 0
32 7
2.5
51
11.5
2.5
1.6
5
.1
.1
3
2.6
1.8
.4
.i
.1
3
2 7
1.9
3
1
.1
3
33
2.1
7
.1
.1
4
53
53
54
5 4
56
56
58
5.8
28.0
9 3
4.2
40
4.3
6.1
30.5
10 3
3.7
47
4.7
7.0
31.2
11 3
1i
60
5.1
7.7
37.2
12 1
3.8
6 8
5.6
8.8
129 1
87 5
27 8
18
4.1
80
145 1
99 2
30 3
2.1
4.4
9 2
160 1
112 0
30 5
2 6
4.8
10 2
176.0
124.2
32 7
2.5
5.1
11.5
154 9
152.5
2 3
.1
166 5
165.8
.6
.1
182 1
180.6
1.4
.1
200.6
199.7
.8
.1
201.2
115.4
31 1
19
41.6
11.2
223.8
128.8
34 8
2.5
46.1
11.6
242.9
142.8
34 2
34
49.9
12.7
272 4
153.5
46 0
3.7
55.4
14.0
137.4
137 4
149.1 ~ 161.6
149 1 161 6
178.5
178.5
89 4
43! 3
13 9
8
20.1
4 3
94 0
49.1
17 3
1.1
21.9
4 6
107 9
55.8
22 6
14
22.8
53
119 4
59.7
26 3
16
25.8
6 0
Retail trade
Compensation of employees...
Profit-type return
Net interest
. ..
Indirect business taxes, etc
Capital consumption allowances
118 8
72.1
17 2
11
21 5
69
129 8
79.7
17.5
1.4
24 1
70
135 0
87.0
11.5
2.0
27 1
7 4
153 0
93.8
19 6
2.1
29 5
80
Finance, insurance, and real estateCompensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances
168 6
38 1
49.2
23 7
32.8
24 9
179 2
42.3
49.9
24 5
35.3
27.2
193 2
46.3
48.4
31 2
37.6
29.7
209 4
50.0
51.4
35 2
40.5
32.2
Radio and television broadcasting.
C ompensation of employees
..
Profit-type return
Net interest
Indirect business taxes, etc
...
Capital consumption allowances
Electric, gas, and sanitary services
Compensation of employees
Profit-type return
.
Met interest
Indirect business taxes, etc
Capital consumption allowances
Wholesale and retail trade.
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc. .
Capital consumption allowances
. ...
_
Wholesale trade
Compensation of employees
.....
Profit-type return - . Net interest
Indirect business taxes, etc
Capital consumption allowances
1. Consists of local and interurban passenger transit, water transportation, pipeline transportation, and transportation services.
2. Consists of hotels and other lodging places; personal services; miscellaneous business
services; auto repair, services, and garages; miscellaneous repair services; motion pictures;
amusement and recreation services, not elsewhere classified; medical and other health services;
legal services; educational services; nonprofit membership organizations; and miscellaneous
professional services.
Private households
Compensation of employees
Other 2
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances
Government and government enterprises
Compensation of employees
Profit-type return
Indirect business taxes, etc
Government
Compensation of employees
Rest of the World
Compensation of employees
Profit-type return
Net interest
17.4
16.7
.6
1
20.4
19.0
1.4
1
22.1
21.2
.8
1
91
.0
6.8
2.2
14.5
.0
11.2
3.3
10.6
.0
6.2
4.4
955.8
536.0
169.2
41.8
113.6
95.1
1055. 3
604.3
177.8
46.5
123.4
103.2
1137. 3
663.4
168.8
59.4
131.7
114.1
1222.8
694.0
196.3
65.1
142.6
124.8
37.2
37.2
..
...
17.5
15.1
2.3
\
10
.0
4.8
2 2
Government enterprises
Compensation of employees
Profit -type return
Indirect business taxes etc
40.5
40.5
44.7
44.7
49.7
49.7
Addenda:
Nonfarm business
Compensation of employees
Profit-type return
Net interest
Indirect business taxes, etc
Capital consumption allowances
..- .
.
.
...
Households and institutions
Compensation of employees
NOTE.—Profit-type return consists of proprietors' income with inventory valuation adjustment and without capital consumption adjustment, rental income of persons without capital
consumption adjustment, corporate profits with inventory valuation adjustment and without capital consumption adjustment, less subsidies received. The profit-type return of government enterprises consists of their current surplus. Indirect business taxes, etc., includes indirect business tax and nontax liability and business transfer payments. The industry classi
fication is on an establishment basis and is based on the 1967 Standard Industrial Classification
Table 6.2.—Gross National Product by Industry in Constant Dollars
[Billions of 1972 dollars]
1972
1972
1975
Agriculture , forestry, and fisheries
Farms
^
Agricultural services, forestry, and fisheries
Mining
Contract construction
Manufacturing
Nondurable goods
Durable goods
Transportation
Railroad transportation
Trucking and warehousing
Air transportation
Other J
C ommunication
Telephone and telegraph
Radio and television broadcasting
Electric gas and sanitary services
1974
1,235 0
1,214 0
1 206 9
1 186 8
1, 171. 1
35.4
32 0
3.3
18 9
56.6
288 8
116 8
171.9
35.9
32 3
3.5
19 2
57 2
313 0
124 1
188 9
35.6
32 0
3.6
19 1
51 6
296 8
120 6
176 2
46 2
10.3
19.4
79
8.7
29 4
26.9
2.5
28 0
50 6
11 4
21.3
86
9.2
32 0
29.5
2.5
30 0
49 9
10 9
20.9
87
94
34 4
32.0
2.5
28 1
37.7
34 1
3.6
18 7
49 0
270 0
110 9
159 2
Wholesale and retail trade
Wholesale trade
Retail trade
...
Finance insurance and real estate
Finance and insurance
- _
Real estate
Services
Private households
Other 2
Government and government enterprises
Government
46 5
Government enterprises
..
9.6
19.6
83'
Residual3
9.0 !
36 3 Rest of the world
33.5
2.9 Addenda:
Private nonfarm business
28 7
Households and institutions
1. Consists of local and interurban passenger transit, water transportation, pipeline transportation, and transportation services.
2. Consists of hotels and other lodging places; personal services; miscellaneous business
services; auto repair, services, and garages; miscellaneous repair services; motion pictures;
amusement and recreation services, not elsewhere classified; medical and other health services;
legal services; educational services; nonprofit membership organizations; and miscellaneous
professional services.
1973
1974
1975
1 191 7 Gross domestic product— Continued
1 164 1 1 227 4
Gross national product
1973
201.2
82.4
118.8
168.6
43.7
124.9
134.5
5.3
129.1
212.0
86.2
125.9
172.3
42.7
129.6
143.1
5.3
137.9
207.2
85.7
121.5
173.9
42.8
131.1
143.1
4.5
138.5
211.
89. <
121.,
180.'
43.
136.
144.
4.
140.
154.9
137.4
17.5
157.3
138.9
18.4
159.8
141.5
18.2
162.
144.
18.
1.7
4.9
7.5
1.
7.0
7.6
7.0
4,
955.8
37.2
1,013.2
38.1
987.7
38.2
968.
38.
3. Equals GNP in constant dollars measured as the sum of final products less GNP inconstant dollars measured as the sum of gross product by industry.
NOTE.—The industry classification is on an establishment basis and is based on the 1967
Standard Industrial Classification.
SUEVEY OF CURRENT BUSINESS
50
July 1976
Table 6.3.—National Income Without Capital Consumption Adjustment by Industry
[Millions of dollars]
1972
National income without capital consumption adjustment
1973
1974
1975
1972
1974
1975
Domestic income— Continued
956,771 1, 072, 829 1, 152, 002
1 236 175
949, 722 1,063,771 1,137,467
Domestic income
1,225 578
Agriculture, forestry, and fisheries
Transportation— Continued
Transportation services
30, 649
47, 003
42,716
44 386
27, 897
2,752
43,835
3,168
39,204
3,512
40 600
3 786
8,700
10, 149
15, 406
18 801
1,073
2,493
3,563
1,571
1,489
2,869
3,908
1,883
1,539
5,189
6,602
2,076
1 693
6 732
8 180
2 199
52,277
58,442
61, 240
60 366
251,811
283,540
298, 150
309,941-
Fanns
Agricultural services, forestry, and fisheries
Mining
Metal mining . .
Coal mining
Oil and gas extraction
Nonmetallic minerals except fuels
Contract construction
Manufacturing
1973
-
Nondurable goods
97, 943
107, 183
119, 275
20, 286
1,730
8 374
9,640
9 421
20, 958
1,775
8 704
10, 287
10 910
23 104
2,194
10 164
10 496
11 770
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products n.e.c
Leather and leather products
13, 530
18, 337
7,088
7,421
2,116
14, 873
20, 345
8,535
8,430
2,366
15, 080
21, 672
14 053
8,258
2,484
16
23
13
8
2
153, 868
176, 357
178, 875
7,664
4,526
8 670
18, 474
17, 769
9,550
4,917
9 750
21, 876
20, 687
9 961
5,025
9 680
27, 966
21, 265
Machinery except electrical
Electrical equipment and supplies
Transportation equipment, except motor
vehicles and equipment and ordnance
Ivlotor vehicles and equipment
27, 294
23,353
32, 107
26, 612
33, 429
26, 444
14, 864
20 211
15, 661
23 095
15, 418
17 678
6,457
4,586
7,230
4,872
7,309
4,700
8,272
5,189
36, 453
41,056
44, 983
8,355
2,464
15, 492
2,480
9,712
2,503
17, 544
2,771
5,665
6 412
Instruments and related products
Miscellaneous manufacturing industries
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Air transportation
Pipeline transportation
18 414
22 873
174 248
195 621
62 999
98 584
73 588
100 660
80 047
115 574
112 493
117 964
126 827
137 649
17 074
—3 381
18 368
—6 223
19 281
—6 627
19 318
—6 039
4 348
3 198
3 191
4 145
12 507
5 217
76 373
Insurance carriers
Insurance agents, brokers, and services
Real estate.
12 767
5 665
84 334
12 192
5 864
92 381
12 395
6 574
100 965
355
—145
545
291
122 344
136 842
150 613
165 056
Hotels and other lodging places
Personal services
Miscellaneous business services
Auto repair, services, and garages
Miscellaneous repair services
5,507
7 471
16, 551
4,492
2 557
6,113
7 720
19, 349
5,154
2 862
6,493
8 076
20 884
5 461
3 321
6 999
8 315
22 163
5 782
3 494
Motion pictures . .
Amusement and recreation services, n.e.c
Medical and other health services
Legal services . .
E ducational services .
1 576
3,745
36, 586
8 398
8 010
1 700
4,320
41, 014
9 672
8 948
1 666
4,605
46 649
10 769
9 940
1 942
5,108
53 471
11 819
11 118
Nonprofit membership organizations
Miscellaneous professional services
Private households
10, 646
11 456
5 349
11, 450
13 138
5 402
12,441
14 723
5 585
13 392
15 650
5 803
Government and government enterprises
Holding and other investment companies
356
772
778
312
298
Services
.
152, 489
165, 785
180, 620
199, 737
44 754
Federal .. ..
Government
Government enterprises
59 724
50,060
9 664
62 407
51, 923
10 484
66 732
54, 924
11 808
72 302
59 300
13 002
10, 436
2,771
18, 765
3,002
9,906
2 941
IS, 431
3,189
State and local
..
Government
_
Government enterprises. _
92,765
87, 312
5,453
103, 378
97, 139
6,239
113, 888
106,688
7,200
127 435
119, 230
8,205
7 038
7 106
7,049
9,058
14, 535
10, 597
412
653
18 759
161 583
Banking
Credit agencies other than banks
Security and commodity brokers, dealers,
and services.
17 491
18 516
26 391
23 574
2 817
54 401
90 205
Finance, insurance, and real estate
36 918
25, 756
24 250
21 926
2 324
17 589
Wholesale trade. ..
Retail trade
8 173
4,719
9 451
26, 032
22 729
22 648
20 374
2 274
144 606
Wholesale and retail trade
183 246
Lumber and wood products
Furniture and fixtures
Stone clay and glass products
Primary metal industries
Fabricated metal products
Durable goods
2 ggg
2 538
18 181
2 130
Electric, gas, and sanitary services
28 083
2,665
8 787
10 736
11 908
1 702
20 311
T elephone and telegraph
Radio and television broadcasting
126 695
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
1 344
Communication
Rest of the world
482
433
net interest is on a company basis. The industry classification of these items is based on the
1967 Standard Industrial Classification.
n.e.c. Not elsewhere classified.
NOTE.—The industry classification of compensation of employees, proprietors' income, and
rental income is on an establishment basis; the industry classification of corporate profits and
Table 6.4.—National Income Without Capital Consumption Adjustment by Industry
[Billions of dollars]
1972
1972
1973
1974
1975
IV
I
II
1975
1974
1973
III
IV
I
II
III
IV
I
II
1976
III
IV
I
II
Seasonally adjusted at annual rates
National income without capital consumption adjustment
Domestic income .
...
Agriculture, forestry, and fisheries
Mining and contract construction
956.8 1,072.8 1,152.0 1,236.2
996.2 1,037.3 1,058.9 1,082.4 1, 112. 8 1, 125. 8 1, 140. 3 1, 164. 7 1, 177. 2 1, 173. 9 1,210.6 1,263.5 1,296.7 1,338.7
949.7 1,063.8 1,137.5 1,225.6
988.1 1,028.5 1,050.1 1,073.7 1, 102. 8 1, 108. 7 1, 127. 9 1,150.9 1,162.4 1,164.5 1,200.0 1,252.2 1,285.6 1,325.8
30.6
61.0
47.0
68.6
42.7
76.6
44.4
79.2
32.8
62.4
40.2
65.6
45.5
66.5
49.2
70.0
53.1
72.2
47.8
73.2
41.1
76.3
40.7
78.4
41.2
78.8
36.7
79.0
43.1
77.2
49.0
78.5
48.7
82.0
42.5
82.6
251.8
97.9
153.9
283.5
107.2
176.4
298.2
119.3
178.9
309.9
126.7
183.2
264.2
101.2
163.0
276.4
104.0
172.4
281.8
106.4
175.4
284.4
106.7
177.7
291.6
111.6
180.0
291.9
115.5
176.4
297.9
120.4
177.4
304.3
122.7
181.5
298.5
118.4
180.1
287.6
114.9
172.7
301.4
123.6
177.9
321.6
131.3
190.3
329.2
137.1
192.1
347.3
147.4
199.9
36.5
20.3
41.1
22.6
45.0
24.3
44.8
26.4
38.4
20.9
40.2
21.8
40.6
22.2
41.0
23.3
42.4
23.3
43.7
23.5
45.4
23.8
46.3
24.3
44.5
25.4
42.3
25.1
43.1
26.1
45.6
27.1
48.0
27.2
49.2
28.5
Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade
17.6
144.6
54.4
90.2
18.8
161.6
63.0
98.6
18.4
174.2
73.6
100.7
22.9
195.6
80.0
115.6
18.3
150.3
57.6
92.6
18.5
156.3
59.9
96.3
18.4
158.7
61.8
96.9
19.0
163.0
63.7
99.4
19.1
168.3
66.6
101.7
17.5
170.4
71.0
99.4
18.2
174.7
72.8
101.9
18.2
174.5
73.7
100.8
19.8 • 21.7
177.4 184.3
75.7
76.9
100.5 108.6
22.7
191.6
77.9
113.7
23.2
200.9
82.6
118.3
23.9
205.6
83.9
121.7
23.3
215.2
89.3
125.9
Finance, insurance, and real estate
Services
112.5
122.3
118.0
136.8
126.8
150.6
137.6
165.1
115.7
126.5
116.4
131.8
116.9
135.5
118.4
138.4
120.1
141.7
121.7
144.1
124.5
148.3
129.4
153.0
131.7
157.1
135.1
159.8
135.8
161.8
137.8
166.8
141.9
171.9
146.9
178.3
Government and government enterprises.
152.5
165.8
180.6
199.7
158.6
161.4
163.8
166.8
171.1
174.8
177.8
181.9
188.0
192.8
197.2
201.8
207.2
211.7
7.0
9.1
14.5
10.6
8.1
8.8
8.8
8.7
10.0
17.2
12.4
13.8
14.8
9.4
10.6
11.3
11.1
13.0
M anuf acturing
Nondurable goods
Durable goods
Transportation
C ommunication
Restof the world
NOTE.—The industry classification of compensation of employees, proprietors' income,
and rental income is on an establishment basis; the industry classification of corporate profits
and net interest is on a company basis. The industry classification of these items is based on
the 1967 Standard Industrial Classification.
SUEVEY OF CUERENT BUSINESS
July 1976
51
Table 6.5.—Compensation
of Employees by Industry
Table 6.6.—W ages and
Salary by Industry
Table 6.7.—Full-Time and
Part-Time Employees by
Industry
[Millions of dollars]
[Millions of dollars]
[Thousands]
1972
1973
1974
1975
1972
1973
1974
1975
All industries
715, 145
799, 194
875,823
928,781
633, 765
701 214
764 486
Domestic industries
715, 100
799, 150
875,777
928,733
633,720
701, 170
764,440
6,287
4,542
1,745
7,378
5,302
2,076
8,399
6,078
2,321
9,054
6,516
2,538
5,798
4,218
1,580
6,734
4 873
1,861
7,797
1,104
2,221
3,229
1,243
8,697
1,252
2,449
3,600
1,396
10, 501
1,429
2,999
4,531
1,542
12,831
1,532
4,173
5,619
1,607
6,625
43, 005
203,306
76 482
16, 818
48,440
229, 894
83 331
17, 906
51,517
249,358
90 121
19,513
50,220
251,422
93 152
21,104
7,409
8,526
7,701
11 178
12, 864
2 893
6 301
2 043
8,212
9,314
8,518
12 086
14, 052
3 073
7 241
2 090
8,332
9 469
9 276
12 962
16 102
3 706
7 739
2 090
7 778
9 394
9 414
13 502
17 264
4 175
7*502
2 031
Agriculture, forestry, and fisheries
Farms
Agricultural services, forestry, and fisheries
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
-
Contract construction
Manufacturing. .
_
Nondurable goods
Food and kindred products
...
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products, n.e.c
Leather and leather products
- -
-
.
.
749
839
932
988
Durable goods
126 824 146 563 159 237 158 270
Lumber and wood products
5 231
5 905
6 254
5 835
Furniture and fixtures
4 564
4 015
4 666
4 355
Stone, clay, and glass products 8 072
7 104
8 597
8 384
Primary metal industries _ _ _
16* 131
19 102
22 166
21 706
Fabricated metal products. - ... .. - - . _ . .
15 286
17 583
19 150
18 995
Machinery except electrical
22 716
26 799
30 566
30 914
Electrical equipment and supplies
23 127
19 835
24 788
23 674
Transportation equipment, except motor vehicles and equipment and ordnance
14 022
15 127
16 182
17 504
Motor vehicles and equipment 16 415
15 996
13* 704
15 693
Instruments and related products .
5* 122
6 565
5 871
6 958
3 553
Miscellaneous manufacturing industries
...
3 998
4 253
4 307
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Air transportation
Pipeline transportation
Transportation services
- .
.
244
36
9
2
14
2
5
620
353
279
834
586
991
238
39
10
2
15
2
6
677
184
483
885
822
475
266
40
10
2
15
2
7
499
162
651
634
990
038
324
1973
1974
1975
806 663
81 070
84 401
85 673
83 818
806, 615
81,081
84,410
85,681
83 828
7,639
5 576
2,063
8,208
5 952
2,256
1,474
1 180
1,524
1 203
1,563
1 231
1,785
2,821
1,101
7,290
1,012
1 945
3 115
1,218
8,834
1,197
2 385
3,903
1,349
10, 736
1,273
3 331
4 738
1 394
623
86
161
263
113
636
88
161
270
117
697
96
180
301
120
38,857
175,249
66 789
14, 627
43, 339
196, 186
72 061
15 405
46, 003
211,403
77 306
16,819
4 041
20 090
8 231
1 715
3 978
20 069
8 132
1 713
3 473
18 308
7 608
1*659
7 283
8 219
7 290
10 763
12 136
2 420
6 039
1 834
3 789
19 049
8 064
1 729
' 77
7 376
8 359
7 885
11 487
13* 649
2 731
6 433
1 834
1 236
1 104
1 037
1 350
'701
1 106
1 058
185
676
294
190
672
277
189
590
246
918
609
6 641
7 601
6 704
10 042
11 149
2 271
5 333
1 812
672
460
586
663
155
412
129
712
171
124
5
4
6
15
15
23
19
125
132
OH
898
624
008
079
808
11 945
11 026
4*518
3 243
12
13
5
3
928
030
102
505
28 027
6 799
1 885
11 422
2 089
4 588
31 567
7 782
1 961
13 032
2 281
5 114
108
4
3
6
13
13
19
17
202
210
733
44
211
79
18
651
658
604
103
771
6 863
8 291
7 962
11 940
14 650
3 085
6 165
1 774
1 343
1 502
2 224
2 045
1 211
1 343
2 066
1 725
14 849
11 898
6 037
3 704
1 095
1 128
968
495
454
1 099
885
459
437
1 073
*785
34
8
2
13
2
5
2 658
2 750
*572
2 782
2 640
'536
1 126
1 194
1 202
1 108
1 144
1 004
1 176
1 031
1,195
1,045
1,177
1,023
140
145
150
154
716
734
743
733
33
8
2
13
2
5
233
241
135
255
590
607
902
284
1 187
1 369
1 468
12 686
11 092
1 594
14 019
12 281
1 738
15 126
13 228
1 898
.
908
332
984
348
8
115
43
71
633
209
670
539
9
127
49
77
385
243
331
912
642
1 080
1 036
1 320
1 497
2 091
2 025
1 042
7
104
38
65
72
858
1 229
1 386
1 890
1 832
11 488
10 018
1 470
128
470
699
771
214
223
116
10 700
*530
1 700
12
153
59
93
748
* 95
634
514
691
19 356
17 257
2 099
255
750
763
987
320
11 937
1 562
11
142
55
86
700
79
986
1 559
1 239
649
536
696
17 792
15 871
1 921
300
803
056
747
79
1 032
1 409
332
11 859
13 745
12 522
5 683
3 772
730
178
127
866
475
482
321
501
657
1 339
10
128
49
79
184
624
298
10 996
*624
16 283
14* 628
1 755
336
361
278
083
999
1 372
*684
1 080
1 007
132 054
4 978
3 827
7 079
16 920
16 043
26 530
20 189
1 146
9
115
43
72
294
097
392
110
320
672
216
359
306
134
5
4
7
17
16
26
21
14 614
13 007
1 607
Communication
Telephone and telegraph
_
Radio and television broadcasting
Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade
-
31 916
7*845
2 167
12 881
2 337
5 296
1972
10
136
52
83
080
201
431
770
575
274
201
346
17
119
271
202
367
16
128
910
520
455
579
275
204
369
16
137
442
617
500
408
281
194
367
17
137
16 013
3 928
12 085
16 743
4 119
12, 624
17 108
4,230
12, 878
17, 121
4,178
12, 943
3 972
1 118
4,178
1,185
4,299
1,257
4,319
1,278
416
192
431
174
1,047
1,072
1,090
289
863
61
307
937
69
1,098
Finance, insurance, and real estate
Banking
Credit agencies other than banks
Security and commodity brokers, dealers, and services
Insurance carriers
Insurance agents, brokers, and services
Real estate
Holding and other investment companies
38 128
10 302
3 454
3 475
10 685
2 853
6 593
42 346
11 556
3 918
3 224
11 787
3 256
7 683
50 016
14 450
4 744
3 456
13 897
4 127
8 142
1 200
33 198
8 628
3 032
3 175
9 234
2 525
5 944
36 507
9 584
3 424
2 948
10 024
2 849
6 892
39 920
10 980
3 824
2 744
11 059
3 187
7 237
922
46 301
13 204
4 396
3 016
12 921
3 544
8 075
1 045
660
786
889
43 068
12 002
4 111
3' 140
11,902
3 616
7,272
1,025
Services
Hotels and other lodging places.
Personal services
Miscellaneous business services
Auto repair, services, and garages
Miscellaneous repair services
Motion pictures
Amusement and recreation services, n.e.c
Medical and other health services
Legal services
Educational services
Nonprofit membership organizations
Miscellaneous professional services
Private households
92 861
4 614
5 092
13 647
3 071
1 685
1 480
3 278
25 459
2 554
7 817
10 676
8,139
5 349
104 604
5 231
5 306
15 637
3 531
1 960
1 595
3 636
29 537
3 134
8 719
11 485
9,431
5 402
117 607
5 695
5 510
17 487
3 842
2 261
1 795
4 073
34 550
3 734
9 763
12 483
10 827
5 587
130 000
6 190
5 707
18 421
4 132
2 433
1 909
4 340
40 690
4 334
10 911
13 439
11 690
5 804
84 649
4 190
4 648
12 443
2 782
1 527
1 343
2 941
22, 738
2 311
7,101
9 884
7,458
5 283
94 435
4 709
4 807
14 076
3 161
1 761
1 429
3 237
26, 042
2 806
7,905
10 543
8,633
5 326
105, 904
5,125
4 979
15, 759
3 430
2 027
1,575
3 621
30, 347
3 338
8,854
11,437
9,901
5,511
116,813
5,546
5, 146
16, 584
3,673
2 174
1,674
3,867
35, 701
3,873
9,893
12,284
10, 672
5,726
14,349
14, 974
15,312
15,495
1,02(
1,728
1,904
2,003
1,953
3,289
3,577
3,830
4,065
1,152
1,853
1,163
1,863
1,180
1,897
1,198
1,902
2,202
2,100
1,914
1,867
. 152,489
59 724
50, 060
27 417
22 643
9 664
92, 765
87 312
165,785
62, 407
51, 923
29 020
22 903
10 484
103, 378
97 139
180, 620
66 732
54, 924
31 556
23 368
11 808
113 888
106 688
199, 737
72 302
59 300
35 068
24 232
13 002
127 435
119 230
18,255
6,05<
5,168
2,06^
3,104
10, 991
10,465
5,731
4,734
11, 397
10, 831
5,916
4,915
12, 196
11, 557
6,308
5,249
526
566
11, 797
11, 194
6,157
5,037
8 205
175,833
64, 605
53, 395
30, 140
23, 255
11,210
111, 228
104 029
55, 755
48, 274
7,199
17,935
6,138
5,241
2,039
3,202
7 200
160, 360
60, 490
50, 124
27 618
22,506
10, 366
99, 870
93 526
50, 334
43, 192
6,344
17,564
6,167
5,283
1,991
3,292
6 239
148, 584
57, 210
47, 913
25 792
22 121
9,297
91, 374
85 834
46, 402
39, 432
5 540
17,294
6,303
5,415
2,005
3,410
5 453
137, 589
55,095
46, 484
24 521
21 963
8 311
82 494
77 625
42, 380
35, 245
4 869
603
639
45
44
46
48
45
44
46
48
— 11
-9
-8
-10
Government and government enterprises
Federal
..
Government. .
......
Civilian
Military 1
Government enterprises
State and local
Government
Education
Other
Government enterprises. _
Rest of the world
n.e.c. Not elsewhere classified.
1. Includes Coast Guard.
.. _.
766
391
203
892
905
415
197
199
522
266
729
888
956
894
445
215
204
559
294
800
884
323
942
74
983
865
450
228
203
588
319
852
897
456
169
342
906
78
811
446
226
204
586
341
876
891
NOTE.—The industry classification is on an establishment basis and is based on the 1967
Standard Industrial Classification.
SUEVEY OF CURRENT BUSINESS
52
Table 6.8. —Full-Time
Equivalent Employees by
Industry l
July 1976
Table 6.9.—Wages and
Salaries per Full-Time
Equivalent Employee
by industry
[Dollars]
[Thousands]
[Millions of hours]
1972
1973
1974
1975
1972
1973
1974
1975
All industries
72 348
75 484
76 416
74 061
8 760
9 290
10 004
Domestic industries
72, 359
75 493
76, 424
74, 071
8 758
9,288
10, 003
1 229
1 332
1 057
1,365
1 081
1 362
1 088
274
4 718
4 244
6 724
5 056
4,610
6 767
614
86
159
258
111
624
88
158
263
115
685
96
177
294
118
733
95
210
315
113
10,790
10 675
11 227
10 935
9 919
3 612
18 548
7 731
1 650
3 843
19 566
7 916
1 645
3 764
19 494
7 785
1 635
3 253
17 726
7 251
1 587
1,307
1 003
1 344
1,267
1,155
Agriculture, forestry, and fisheries.
Farms
Agricultural services, forestry, and fisheries
994
235
Mining
Metal mining
-Coalmining
Oil and gas extraction
Nonmetallic minerals, except fuels
-
Contract construction
Manufacturing
Nondurable goods
..
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products, n.e.c
Leather and leather products
.
74
969
674
983
993
183
612
286
....
.
688
689
628
980
1 012
1,045
1,021
184
662
282
189
658
263
187
574
234
11 650
11, 709
10, 475
1 304
1 469
2 053
2,001
1 327
1 470
2,194
2,015
1 185
1,314
2,027
1,700
1,085
1,118
1,086
1,063
877
455
416
2,559
567
253
1,089
623
519
681
961
488
433
2,638
565
249
1,149
607
496
671
901
509
433
2,671
574
250
1,159
190
329
17
114
190
347
16
122
192
350
16
130
1,090
1,115
1,134
502
421
605
777
492
389
2,522
528
256
1,063
182
346
17
130
1,117
984
131
999
135
693
707
717
707
13, 623
3,740
9,883
14,288
3,941
10, 347
14,536
4,046
10, 490
14,460
3,987
10, 473
3,738
1,073
3,938
1,140
4,043
1,206
4,055
1,223
1,002
1,028
1,050
1,040
963
127
..
-
Services
Hotels and other lodging places
Personal services
Miscellaneous business services.
..
Auto repair services and garages
Miscellaneous repair services
Motion pictures
Amusement and recreation services, n.e.c
Medical and other health services
Legal services
Educational services
Nonprofit membership organizations
Miscellaneous professional services
Private households
Government and government enterprises
Federal
Government
Civilian
Military 2
Government enterprises
State and local
Government
Education
Other
Government enterprises
.- .
..
---
--
375
193
277
760
58
326
795
75
12,958
12,816
1,541
- -
--
1,688
1,780
1,752
3,235
3,458
3,517
791
753
2,987
242
986
847
744
410
196
154
426
268
997
873
717
415
208
154
448
291
903
669
411
206
154
441
308
1,658
1,015
1,692
1,343
1,292
1,126
1,037
14, 586
5,333
4,487
1,934
2,553
14, 799
5,186
4,350
1,911
2,439
15,057
5,152
4,302
1,957
2,345
15,320
5,116
4,270
1,978
2,292
9,253
8,723
4,577
4,146
9,613
9,053
4,753
4,300
9,905
9,304
4,912
4,392
10,204
9,567
4,990
4,577
530
560
601
637
-11
_9
-8
-10
660
-.
--
846
.
309
829
71
436
160
12, 643
1,651
- -
294
827
66
413
165
978
139
12, 067
385
180
150
398
--
400
183
--
-
728
836
n.e.c. Not elsewhere classified.
1. Full-time equivalent employees equals the number of employees on full-time schedules
plus the number of employees on part-time schedules converted to a full-time basis. The
conversion is made by multiplying the number of employees on part-time schedules by the
ratio of average weekly hours per employees on part-time schedule to average weekly hours
70
815
1 214
1,360
1,864
1,810
...
Finance, insurance, and real estate..
Banking
Credit agencies other than banks
..
..
.Security and commodity brokers, dealers, and services
Insurance carriers
-Insurance agents brokers and services
Real estate
Holding and other investment companies
Rest of the world
77
951
76
1 009
1 022
603
488
645
Communication
Telephone and telegraph
Radio and television broadcasting
Electric, gas, and sanitary services .
Wholesale and retail trade .
Wholesale trade
Retail trade
--
284
10, 817
Durable goods
.
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies
Transportation equipment, except motor vehicles and equipment, and ordnance
Motor vehicles and equipment
Instruments and related products
M iscellaneous and manufacturing industries
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
.
Air transportation
Pipeline transportation
Transportation services
275
Table6.10.—Hours Worked
by Full-Time and PartTime Employees by Industry
781
850
1,026
1,597
795
846
1972
1973
1974
10 892
142 858
148 565
149 491
144 890
10 890
142 881
148 584
149 508
144 911
5 596
5,158
7 264
6 026
5 471
8 234
2 959
2 436
3 022
2,452
3 124
2 548
3 170
2*564
11,683
11 500
12, 310
11 844
10 591
12,8%
12 469
13, 475
13 276
11,432
14, 647
13 400
15, 862
15 041
12 336
1,266
166
320
545
235
172
313
561
246
1,414
1,513
10 758
9 449
8 640
8 865
8 230
6 854
5,816
9 947
10 216
11,228
12 410
8 715
6,336
11 277
10 027
9,103
9 365
8 842
7,261
6,115
10 581
10, 667
11, 875
13 152
9,122
6,504
12 222
10 845
9,930
10 287
9,519
7,756
6,597
11,461
11,351
13, 061
14 450
9,777
6,973
13 726
11 941
10, 978
11 407
11 014
8,421
7,178
12, 678
12,184
14, 349
16, 497
10, 740
7,581
7 229
36 906
15, 515
3 367
10, 027
7 606
7,302
9,543
11 048
9,654
10, 576
9,487
10, 655
8,238
7,728
10, 129
11,982
10, 216
11, 242
9,899
11,452
8,883
8,286
10, 909
13,317
11, 031
12, 014
10, 574
12, 607
9,916
9,090
11,701
14, 278
12,209
13,088
11, 876
21,391
1,273
11,010
12, 573
9,930
7,796
11,564
13, 559
10, 455
8,095
12,657
13, 898
11,165
8,711
10, 953
11,991
7,451
10, 489
10, 995
13, 946
11, 883
9,141
11,966
13, 773
7,876
11,342
12, 005
14, 738
13, 125
9,730
10, 540
10, 403
11, 575
523
570
1,292
1975
576
606
186
338
641
249
181
412
686
234
7 727
38, 979
15, 823
3 340
7 595
38,453
15, 473
3 336
6 599
34 726
14,394
3 225
2,035
2,474
1,380
2,022
1,934
2,080
2,530
1,410
2,068
1,995
1,923
2,386
1,396
2,062
2,026
1,666
2,185
1 265
1,997
1,964
1,249
1,350
1,324
1,147
509
454
22,980
1,258
20, 332
1,038
1,305
2,374
2,743
3,737
3,458
23, 156
1,315
1,046
1,388
2,590
2,985
4,177
3,817
1,359
2,600
2,950
4,421
3,815
1,195
2,267
2,598
4,011
3,203
13, 969
15, 313
12, 270
9,522
2,056
1,753
2,105
1,935
2,038
1,723
2,012
1,486
12,628
14, 247
8,508
11, 964
12, 891
15, 663
14, 563
10,531
13,577
15, 407
8,809
12, 785
14, 324
17, 058 i
16, 706
11,292
5,198
1,174
5,377
1,184
5,032
1,079
11,378
11, 272
12, 168
12,362
12, 293
12, 874
11,412
7,659
10, 424
6,613
12,211
8,063
11, 081
6,914
8,882
8,042
8,086
16, 451
9, 216
9,116
7, 822
11, 380
140
353
561
990
877
825
536
146
355
549
948
850
5,374
1,182
504
145
366
984
987
845
132
359
828
939
755
499
508
2,440
2,408
2,171
32
214
614
337
653
30
228
13,542
13, 526
13, 655
2, 110
1, 854
2,180
1,915
2,217
1,941
2,140
1,857
13,089
8,754
12, 193
7,427
14,257
9,419
13, 150
7,999
1,368
28,356
7,664
20, 692
1,408
29,358
7,969
21, 389
1,413
29,563
8,081
21, 482
1,391
29,354
7,932
21, 422
9,270
8,407
8,560
16,109
9,751
9,690
8,334
11,909
9,874
9,104
9,259
16, 630
10, 532
10, 314
8,730
12, 521
10,621
9,814
9,429
19, 625
11, 444
11,092
9,147
13, 667
7,126
1,974
7,476
2,080
7,660
2,190
7,661
2,218
1,858
1,900
1,947
1,938
1,599
1,729
125
1,735
1,639
110
7,015
5,298
6,173
8,075
7,226
8,484
8,954
7,390
7,613
9,550
7,202
5,987
11,300
3,934
7,469
5,560
6,461
8,339
7,710
8,985
9,279
7,599
8,050
10, 470
7,929
6,359
11,859
4,122
8,173
5,871
6,944
8,853
8,265
9,745
10, 227
8,083
8,776
11, 471
8,723
6,759
12, 677
4,894
9,115
6,142
7,692
9,466
8,937
10, 553
10, 870
8,769
10, 151
12, 575
9,642
7,692
13, 424
5,522
23, 172
1,540
1,621
2,955
24,218
1,622
1,598
3,204
24,688
1,635
1,531
3,327
24,876
1,674
1,412
3,230
5,485
5,965
6,762
499
6,386
454
546
587
1,885
2,823
1,389
2,674
1,903
2,861
1,528
2,536
1,931
2,916
1,630
2,201
1,960
2,962
1,669
2,051
9,433
10, 331
10,360
12, 679
8,603
10, 179
8,916
8,899
9,260
8,501
9,187
10,040
11,032
11,014
13, 497
9,070
11,121
9,505
9,481
9,763
9,170
9,893
10,650
11,741
11, 651
14, 112
9,597
12, 195
10, 083
10, 052
10, 247
9,834
10, 556
11,477
12, 628
12,505
15,238
10, 146
13, 251
10,900
10, 874
11, 173
10, 547
11,301
27, 191
10, 284
8,720
3,470
5,250
1,564
16,907
15, 843
7,521
8,322
1,064
27,550
9,985
8,422
3,406
5,016
1,563
17,565
16, 441
7,810
8,631
1,124
28,004
9,937
8,361
3,541
4,820
1,576
18,067
16, 864
8,071
8,793
1,203
28,449
9,837
8,283
3,574
4,709
1,554
18,612
17, 337
8,174
9,163
1,275
-23
-19
-17
-21
2,296
332
256
721
364
500
783
397
308
858
265
764
346
532
830
431
318
923
342
670
30
244
276
783
307
564
134
83C
459
321
975
326
670
32
246
283
827
305
594
140
833
459
319
958
per employee on full-time schedule in each industry.
2. Includes Coast Guard.
NOTE.—The industry classification is on an establishment basis and is based on the 1967
Standard Industrial Classification.
SUEVEY OF CURRENT BUSINESS
July 1976
Table 6.11.—Hours Worked by Persons Engaged in Production by
Industry1
Table 6.12.—Employer Contributions for Social
Industry
[Millions of hours]
1975
1974
1973
Hours worked by persons engaged in production... 159,560 165,472 166,325
..
159, 583 165, 491 166, 342
Agriculture forestry, and fisheries ._
Farms
Mining
Contract construction
- -
1972
161,326
161,347
7,877
7,011
1,294
8,669
7,979
7,047
1,326
9,288
7,889
6,955
1,451
9,238
7,754
6,823
1,549
8,124
37, 419
21,720
39, 537
16,047
23, 490
39, 000
15,681
23, 319
35, 283
14, 616
20,667
5,627
2,115
1,386
5,780
2,185
1,424
5,816
2,224
1,430
5,472
2,145
1,403
32 738
8,156
-- 24, 582
33,638
8,489
25, 149
33, 840
8,616
25, 224
33 508
8,434
25,074
Finance, insurance, and real estate
Services
--
7,665
27,602
8,091
28, 693
8,274
29, 176
8,324
29,336
Government and government enterprises
27, 191
27, 550
28,004
28,449
-23
-19
-17
-21
Atanufacturing
Nondurable goods
Durable goods
_
..
-
.
Transportation
- Communj cation
Electric gas and sanitary services
.. 15, 699
-.
Wholesale and retail trade
Wholesale trade
Retail trade
- -
Insurance by
[Millions of dollars]
1972
Domestic industries
53
Rest of the world
1. Persons engaged in production equals the number of employees on full-time schedules
plus the number on part-time schedules plus active proprietors and partners of unincorporated
enterprises. Unpaid family workers are excluded.
NOTE.—The industry classification is on an establishment basis and is based on the 1967
Standard Industrial Classification.
Employer contributions for social insurance
Domestic industries
.
1973
1975
1974
39,424
Agriculture, forestry, and fisheries
Mining
Contract construction . . .. _.
M anufacturing
Nondurable goods
Durable goods
49,289
55 838
59 658
39 424
. _
49 289
55 838
59 658
476
622
3 006
13 243
5 085
8 158
289
327
2 274
9 699
3 725
5 974
446
520
3 113
13 600
5 044
8 556
1 778
T r ansportation
Communication
Electric, gas, and sanitary services
378
421
2 907
12 462
4 647
7*815
2 561
3 065
795
508
3 056
'841
540
554
360
Rest of the world
8 249
2 942
5 307
8 676
3 101
5 575
2 126
5 193
14 730
2 382
5 930
17 230
2 531
6 473
20 194
o
Finance, insurance, and real estate
Services
Government and government enterprises
7 349
2*570
4 779
1 662
4 028
12 699
Wholesale and retail trade
Wholesale trade ..Retail trade
708
454
5 754
1 986
3 768
..
o
o
o
NOTE.—The industry classification is on an establishment basis and is based on the 1967
Standard Industrial Classification.
Table 6.14.—Nonfarm Proprietors' Income Without Inventory
Valuation and Capital Consumption Adjustments by Legal
Form of Organization and Industry
[Millions of dollars]
1972
Table 6.13.—Other Labor Income by Industry and by Type
[Millions of dollars]
Nonfarm proprietors' income without inventory
valuation and capital consumption adjustments
1972
Other labor income
1974
1973
1975
Sole proprietorships and partnerships
41, 956
48, 691
55, 499
62 460
-- 41, 956
48, 691
55, 499
62, 460
200
845
266
986
314
370
1 874
2 194
1,147
2 401
1,473
2 563
. _ _ 18, 358 21,246 24, 355
By industry:
Domestic industries
- - -
Agriculture forestry, and
Mining
Contract construction
fisheries
--
Manufacturing
Nondurable goods
Durable goods
.-
_
. . . 12, 390
5,968
6 623
14 623
7 771
16 584
26, 521
8 463
18 058
2,111
2,572
1,068
2,492
2 889
1,213
2,882
2,978
1,362
3,202
3,389
1,508
5,275
2 308
2,967
6,245
2 816
3,429
7 258
3 490
3 768
8,593
4 167
4 426
3 268
4,184
3 713
4,976
3 999
5,773
4 417
6,714
2,201
2 471
3,030
3,710
0
0
0
0
41,240
47,897
54,643
61,539
17 782
15, 459
3,565
4,279
20 691
18 399
3,652
4,995
24 765
20,057
3,925
5,731
28, 449
22, 270
4,015
6,633
165
172
716
794
856
921
Benefits paid by private pension and welfare funds
33 838
37 772
43,684
Pension and profit-sharing
Group health insurance
Group life insurance
Workmen's compensation
Supplemental unemployment
10, 015
17 728
3 091
2 864
11, 220
19 648
3 172
3 622
12, 930
23 023
3,359
3,972
140
110
400
-
Transportation
Communication
Electric, gas, and sanitary services - Wholesale and retail trade
Wholesale trade
Retail trade
- -
Finance insurance, and real estate
Services
_
..
Government and government enterprises
__
Rest of the world
By type:
Employer contributions to private pension and welfare
funds
Pension and profit-sharing
Group health insurance
Group life insurance
..
Workmen's compensation
Supplemental unemployment
Other
-
..
...
155
160
Addenda:
_.
NOTE.—The industry classification is on an establishment basis and is based on the 1967
Standard Industrial Classification.
.
.
Transportation
.
.
Communication
Electric gas, and sanitary services
1975
56,358
Finance insurance, and real estate
Services
.- .
Medical and other health services
Legal services
__
.
946
1,514
7,939
2,443
1,002
1,689
7,076
2,318
732
1,514
878
1,565
870
1,448
1,674
19
149
1,794
—6
35
1,845
-6
50
16, 391
3,846
12, 545
17,644
4,549
13,095
17, 781
4,226
13, 555
4,631
25, 412
10, 395
5,801
.
64,251
882
-85
7,962
2,246
14 240
3,550
10,690
.
65,162
62,259
1,513
4
152
Wholesale and retail trade
Wholesale trade
Retail trade
-
63, 111
616
1,373
.
60,336
59, 628
754
7
7.065
1,989
.
Other private business -
1974
55, 767
l
Agricultural services, forestry, and fisheries
Mining
Contract construction
Manufacturing
Nondurable goods
Durable goods
1973
3,072 1,621
27, 318 28, 329
10, 621 11,106
6,473 6,990
2,406
30,090
11, 754
7,428
852
911
591
708
1. Sole proprietorships consist of the business activities reported on the individual income
tax return in Schedule C—Profit (or Loss) From Business or Profession. Partnerships includes
all entities filing partnership income returns.
2. Consists of all business activities reported on the individual income tax return in
Schedule E—Supplemental Income Schedule; tax-exempt cooperatives; and owner-occupied
nonfarm dwellings and buildings owned by nonprofit institutions serving individuals, which
are considered to be business establishments selling their current services to their owners.
NOTE.—The industry classification is on an establishment basis and is based on the 1967
Standard Industrial Classification.
SURVEY OF CURRENT BUSINESS
54
Table 6.15.—Capital Consumption Allowances of Noncorporate
Business by Legal Form of Organization and Industry
July 1976
Table 6.16.—Inventory Valuation Adjustment to Nonfarm Incomes
by Legal Form of Organization and Industry
[MiUions of dollars]
[Millions of dollars]
1974
1972
1973
1974
—7 343
—20 333
—43 407
—12 555
—6 597
—18 584
—39 782
—11 415
—63
—223
—301
—587
—656
—1 167
—149
—293
M anuf acturing
Nondurable goods
Durable goods
—3 307
—1 735
—1 572
—10 094
—5 670
—4 424
—21 804
—7 154
—14*650
5 673
—1 193
—4 480
Wholesale and retail trade
Wholesale trade
Retail trade
—2 743
—1 411
—1 332
—6 692
—3 661
—3 031
—12 335
—4 897
—7 438
—4 627
1*938
—2 689
—62
—9
—205
—49
—780
—307
—315
141
—478
—2 033
-209
-178
-700
-746
-1,749
—3,625
—1 140
-66
o
—6
-186
—7
—385
—2
-106
-67
—26
—41
-179
—78
—101
-395
—130
—265
—67
—11
—56
-607
-147
-460
—1 322
-327
-995
—2 607
-386
-2, 221
—861
—117
-744
-6
-56
-231
-104
1975
1972
31, 636
34,490
38,250
41,415
16,810
18,739
21, 657
24,081
5,306
5,908
5,609
6,980
6,646
7,397
7,037
460
537
585
1,062
1,210
1,370
657
199
458
724
210
514
849
17
62
959
16
68
1,144
1,290
2,006
445
2,143
2,282
533
2,472
588
1,561
Capital consumption allowances
Sole proprietorships and partnerships 1
1973
1,676
1,749
1,884
Electric, gas, and sanitary services
3,736
3,588
4,353
5,111
5,958
5,750
Other
. . .
Agriculture forestry, and fisheries
Farms
Contract construction
Manufacturing
Nondurable goods
Durable goods
5,019
480
900
583
200
383
..
_ .
-
Transportation
C ommunication
Electric gas and sanitary services
.
Wholesale and retail trade
Wholesale trade
Retail trade
Finance insurance, and real estate
Real estate
.Services
- -
_. _
2,871
Other private business 2
582
181
401
467
4,192
3,188
22
75
4,933
3,639
31
82
16,593
17, 334
16, 436
13, 179
17,168
3,257
13, 973
3,195
148
157
166
3,338
138
Other
T ranspor tation
Communication
Mining
.
Contract construction
15, 751
15, 603
12, 265
11, 277
3,411
Mining
Contract construction
Noncorporate business 2
14,688
-
Corporate business 1
4,172
14, 826
Real estate
Owner-occupied
Other
Inventory valuation adjustment to nonfarm
incomes
See footnote to table 6.14.
Manufacturing
Nondurable goods
Durable goods
Wholesale and retail trade
Wholesale trade
Retail trade .
Other
Table 6.17.—Net Interest by Industry
[Millions of dollars]
1972
Net interest
1973
1974
1975
47 028
52 334
67 127
74 628
44,869
50 142
63 795
70 241
Agriculture, forestry, and fisheries
Mining
Contract construction
3,136
286
442
3 693
320
714
4 552
323
985
5 288
311
1 337
M anuf acturing
Nondurable goods
Durable goods
5 950
2,724
3,226
7 434
3 096
4 338
9 798
3 312
6 486
9 890
3 460
6 430
Transportation
^OTPTniTiication
Electric, gas, and sanitary services
1,557
2 080
4,022
1 728
2 432
4 730
1 950
2 923
6 010
1,926
3 293
6 827
Wholesale and retail trade
Wholesale trade
Retail trade
1,924
835
1,089
2,521
1 119
1 402
3 430
1 409
2 021
3 666
1 571
2*095
23 703
-13, 680
37, 585
-202
24 503
—19 353
43 982
—126
31 179
—20 271
51 510
—60
35 230
— 20* 909
56 199
-60
1 769
2 067
2 645
2 473
2 159
2 192
3 332
4 387
Domestic industries
Finance, insurance, and real estate
Financial l
...
Real estate
Other
Services
Rest of the world
1. Consists of the following industries: banking; credit agencies other than banks; security
and commodity brokers, dealers, and services; insurance carriers; regulated investment companies; small business investment companies; and real estate investment trusts.
NOTE.—The industry classification is on a company basis and is based on the 1967 Standard
Industrial Classification.
_
-163
-27
.
.
1975
—290
1. Consists of the domestic activities of all entities filing corporate tax returns, mutual
financial institutions, private nqninsureq pension funds, cooperatives subject to Federal
income taxes, nonprofit orgnaizations serving business, Federal Reserve banks, and federally
sponsored credit agencies.
2. Consists of the business activities reported on the individual income tax return in Schedule C—Profit (or Loss) From Business or Profession and in Schedule E—Supplemental
Income Schedule; all entities filing partnership income returns; tax-exempt cooperatives;
and owner-occupied nonfarm dwellings and buildings owned by nonprofit institutions serving
individuals, which are considered to be business establishments selling their current services
to their owners.
NOTE.—The industry classification is on a company basis and is based on the 1967 Standard
Industrial Classification. The inventory valuation adjustment shown in this table differs
from that which adjusts book value inventories. See the note on table 5.8.
SURVEY OF CURRENT BUSINESS
July 1976
55
Table 6.18.—Corporate Profits by Industry
[Billions of dollars]
1972
1972
1973
1974
1975
IV
1974
1973
I
II
III
IV
I
II
1975
III
IV
I
II
1976
III
IV
I
II
Seasonally adjusted at annual rates
Corporate profits with inventory valuation and capital
consumption adjustments
Domestic industries
Financial1
Nonfinancial
.
-
Rest of the world
1
Corporate profits with inventory valuation adjustment
and without capital consumption adjustment . .
Domestic industries
Financial 1
Federal Reserve banks
Other
.
Nonfinancial
M anufacturing
Nondurable goods
- Food and kindred products
Chemicals and allied products
Petroleum and coal productsOther
.
Durable goods
Primary metal industries _ . _
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies
Motor vehicles and equipment
Other
Wholesale and retail trade .. ..
Transportation, communication, and electric, gas, and
sanitary services
Other
Rest of the world
92.1
99.1
84.8
91.6
99.0 101.1
98.1
97.8
99.3
95.7
87.8
81.7
74.1
69.0
86.6 105.3 105.6 115.1
87.2
15.3
72.0
92.2
16.3
76.0
73.7
14.1
59.6
85.4
12.9
72.5
93.0
15.7
77.3
94.5
16.2
78.3
91.6
16.9
74.7
91.3
16.2
75.0
91.6
15.8
75.8
81.1
14.8
66.3
78.8
14.0
64.9
71.6
14.6
57.0
63.2
13.1
50.1
63.5
13.9
49.6
80.3
12.5
67.8
98.8
12.2
86.6
4.8
6.8
11.2
6.2
5.9
6.5
6.6
6.5
7.7
14.6
9.0
10.1
11.0
5.5
6.3
6.5
99.2 107.4
13.1 14.2
86.1 93.2
6.4
7.7
89.6
97.2
87.8 103.1
96.2
98.7
96.1
96.0
97.9
95.9
89.7
85.2
80.4
77.7
97.9 117.9 119.1 129.6
84.7
15.4
3.4
12.1
69.3
40.6
18.1
2.8
5.0
3.5
6.8
22.5
1.6
2.1
3.9
3.0
5.9
6.0
13.3
90.4
16.2
4.5
11.7
74.1
44.1
20.1
2.2
5.8
4.9
7.2
24.0
2.0
2.6
4.5
2.6
5.8
6.6
14.7
76.7
14.1
5.7
8.4
62.6
36.9
25.1
2.6
4.9
10.1
7.5
11.9
4.9
1.5
1.7
.4
.2
3.2
12.4
97.0
12.9
5.7
7.2
84.1
46.4
29.2
5.8
5.7
9.3
8.4
17.2
3.6
3.1
4.6
1.2
.9
3.8
20.9
90.3
15.8
3.5
12.3
74.5
43.8
19.2
2.3
5.5
3.7
7.7
24.7
2.0
2.3
3.9
3.4
6.5
6.5
14.1
92.2
16.2
3.9
12.3
76.0
45.6
19.3
1.5
5.9
4.3
7.5
26.4
1.6
2.3
4.7
3.0
7.8
6.9
14.4
89.5
16.8
4.4
12.5
72.7
44.8
19.9
1.6
6.0
5.0
7.3
24.9
1.7
2.6
4.4
2.6
7.1
6.5
13.4
89.5
16.2
4.8
11.4
73.3
43.0
19.3
1.4
5.7
5.2
7.0
23.7
2.1
2.7
4.6
2.6
5.0
6.6
14.7
90.3
15.7
5.1
10.7
74.5
43.1
21.9
4.2
5.7
5.0
7.0
21.2
2.4
2.8
4.3
2.3
3.1
6.3
16.3
81.4
14.8
5.4
9.4
66.6
39.4
23.8
2.8
5.6
7.4
8.0
15.6
2.7
1.8
3.6
1.6
-.1
5.9
15.1
80.8
14.0
5.7
8.3
66.8
39.0
26.9
4.2
5.3
10.0
7.4
12.1
4.5
1.7
2.0
.7
-.7
4.0
14.4
75.1
14.6
5.9
8.7
60.5
37.7
27.0
1.8
4.8
13.5
7.0
10.7
6.7
.5
.0
-.3
1.6
2.2
9.4
69.5 72.1
13.1 13.9
6.0
5.8
7.1
8.1
56.3 58.2
31.6 29.7
22.6 21.3
1.6
5.0
3.9
3.5
9.7
7.5
7.4
5.3
9.0
8.4
5.9
5.9
1.8
1.8
1.0
3.0
-.3
.4
.0 -3.4
.7
.7
10.6 14.5
91.7 111.4 112.7 121.9
12.5 12.1 12.9 14.0
5.7
5.4
6.1
5.8
6.8
6.7
7.1 7.9
79.2 99.3 99.8 107.9
43.5 57.0 55.3 61.2
28.7 32.6 34.3 37.5
6.0
6.3
6.0
7.3
5.3
7.3
6.8
8.3
9.2 10.4 11.2
10.1
7.3 10.4 10.6 10.8
14.8 24.3 21.1 23.7
2.9
2.7
2.7
3.3
3.1
4.1 3.5
3.6
4.3
5.2
5.8
5.9
1.3
1.7
1.4
1.8
.2
3.9
2.8
4.6
3.2
6.1
5.4
4.5
19.6 24.4 25.0 29.0
9.0
6.4
8.3
7.0
6.0
7.2
7.9
9.0
9.8
6.8
9.0
6.9
7.9
6.6
8.3
7.3
8.0
7.1
5.7
6.3
6.4
7.0
6.3
7.2
5.7
8.3
5.0
9.0
7.3
8.9
9.5
8.4
9.7
9.7
8.6
9.1
4.8
6.8
11.2
6.2
5.9
6.5
6.6
6.5
7.7
14.6
9.0
10.1
11.0
5.5
6.3
6.5
6.4
7.7
Corporate profits before deduction of capital consumption allowances, with inventory valuation adjustment _ 157.4 170.9 169.4 192. 6 166.3 169.8 169.1 169.9 174.9 174.4 170.2 168.2 164.8 164.1 185.8 208.4 211.9 223.9
Domestic industries ..
Financial l
Federal Reserve banks
..
Other
. .
Nonfinancial
M anufacturing
Nondurable goods
Food and kindred products. ..
Chemicals and allied products
Petroleum and coal products _
Other
Durable goods
Primary metal industries
Fabricated metal products
Machinery, except electrical
.
..
Electrical equipment and supplies
Motor vehicles and equipment
.
Other
... . -.
Wholesale and retail trade
Transportation, communication, and electric, gas, and
sanitary services
Other
Rest of the world
152.6 164.1 158.2 186.4 160.3 163.3 162.5 163.4 167.2
18.0 19.5 17.9 17.3 18.6 19.2 20.0 19.5 19.2
3.4
4.5
3.5
4.4
5.7
5.7
5.1
3.9
4.8
14.7 14.9 12.2 11.6 15.1 15.3 15.6 14.7 14.1
134.6 144.6 140.3 169.1 141.7 144.1 142.5 144.0 148.0
69.9 75.0 70.9 83.1 73.7 75.6 75.3 73.7 75.5
32.2 35.1 40.9 46.3 33.5 33.8 35.0 34.2 37.5
4.6
5.1 4.8
5.3
8.8
4.2
4.0
4.0
7.0
8.2
8.7
9.5 9.1
8.3 9.4
8.7
8.8
9.0
8.3
8.5 10.0 10.2 10.0
9.7 15.1 14.7
8.0
10.8 11.6 12.1 13.4 11.8 11.8 11.8 11.4 11.6
37.6 39.9 30.0 36.8 40.2 41.8 40.3 39.4 38.0
4.1
4.1 4.6
4.6
8.2
6.9
4.8
4.3
5.3
4.1
3.2
4.6
3.5
3.9
3.6
3.8
2.8
3.8
7.6
6.8
7.6
7.3
7.6
6.8
7.6
8.3
5.0
5.6
4.9
5.1 4.9
4.9
4.6
3.1
4.0
5.3
8.4
9.4
7.5
3.2
9.3 10.3
4.3
5.9
8.3
9.9 10.6
8.8 10.4 10.9 10.5 10.7 10.5
7.7
20.2 22.1 20.7 30.0 21.2 21.6 20.7 22.2 24.0
26.3
18.3
4.8
27.4
20.2
6.8
27.3
21.5
11.2
31.3
24.7
6.2
27.9
19.0
5.9
1. Consists of the following industries: Banking; credit agencies other than banks; security
and commodity brokers, dealers, and services; insurance carriers; regulated investment companies; small business investment companies; and real estate investment trusts.
27.4
19.6
6.5
26.7
19.7
6.6
27.5
20.6
6.5
27.8
20.7
7.7
159.8 161.3 158.1 153.8 158.5 179.5 201.9 205.6 216.2
18.3 17.7 18.5 17.1 18.1 16.8 16.6 17.6 18.8
5.4
5.9
5.4
5.7
6.0
5.8
5.7
5.8
6.1
13.0 12.0 12.5 11.2 12.3 11.1 11.2 11.8 12.7
141.5 143.6 139.6 136.7 140.5 162.8 185.3 188.0 197.4
72.3 72.6 72.4 66.3 65.4 79.6 94.2 93.4 99.7
39.3 42.4 42.8 39.1 37.7 45.5 50.1 52.1 55.5
5.5
4.6
4.4
6.9
7.9
8.9
9.3 9.0 10.3
8.8
8.3
7.5
8.8
7.1 9.0 10.5 11.1 12.2
12.4 14.6 18.3 15.1 12.5 15.4 14.8 16.1 16.9
12.6 12.1 11.7 12.1 10.2 12.1 15.5 15.9 16.0
33.0 30.2 29.6 27.2 27.7 34.2 44.1 41.3 44.2
5.7
9.2
9.4
7.7 10.0
6.1 6.1
6.6
6.0
3.1 3.1
3.2
1.9
3.3 4.5
5.6
5.0
5.1
6.9
3.6
5.3
4.3
6.5
9.6
8.0
9.0
9.9
4.2
2.4
2.4
3.3
3.2
4.2
4.5
4.0
4.7
2.8
4.7
2.6 __ i
2.5
3.5
7.2
6.6
8.3
5.4
10.3
6.9
s!4 8.0 11.1 10.5 9.6
8.3
23.0 22.6 17.8 19.3 23.3 28.6 33.7 34.5 38.6
26.0
20.2
14.6
27.3
21.1
9.0
27.8
21.6
10.1
27.9
23.2
11.0
27.6
24.1
5.5
30.2
24.4
6.3
33.1
24.3
6.5
34.1
26.0
6.4
33.3
25.8
7.7
NOTE.—The industry classification is on a company basis and is based on the 1967 Standard
Industrial Classification.
SUEVEY OF CUEEENT BUSINESS
56
Table 6.19.—Corporate Profits
Before Tax by Industry
Table 6.20.—Federal, State,
and Local Corporate Profits
Tax Liability by Industry
All industries..
1973
1974
Table 6.21.—Corporate Profits
After Tax by Industry
[Millions of dollars]
[Millions of dollars]
1972
July 1976
1975
1972
1973
1974
[Millions of dollars]
1975
1972
1973
1974
1975
96, 156
115,758
127,620
114,549
41,535
48,702
52,434
49,245
54,621
67,056
75,186
65,304
-
91,311
108,936
116,463
108,387
41,535
48,702
52,434
49,245
49,776
60,234
64,029
59, 142
459
832
393
393
274
228
287
523
119
165
Farms
_
Agricultural services, forestry* and fisheries
305
154
721
111
189
98
457
66
673
1,524
425
1,093
2,551
2,857
-33
177
291
238
289
307
514
414
-50
137
165
173
208
246
320
319
Domestic industries
_.
Agriculture, forestry* and fisheries
Mining
Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels
..
.
264
45
248
431
81
61
194
95
1,180
1,267
2,054
Durable goods
--
Lumber and wood products
. _
Furniture and fixtures
Stone clay and glass products
Primary metal industries
. ..
Fabricated metal products
Machinery except electrical
Electrical equipment and supplies
Transportation equipment, except motor vehicles
and equipment, and ordnance
iMotor vehicles and equipment
Instruments and related products
Miscellaneous manufacturing industries
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Air transportation
Pipeline transportation
Transportation services
- - -
Communication
_.
1,072
896
1,146
1,087
1,279
1,236
25,302
23,245
23,988
30,202
33,447
28,806
25,772
32,247
30,417
8,596
10, 786
13, 149
13,252
11, 286
14, 986
19,098
17,165
4,406
814
1,284
1,198
2,477
2,491
6,285
5,505
1,106
206
1,713
478
500
421
609
1,030
2,530
754
447
114
2,145
440
604
506
978
1,147
3,097
1,282
476
111
1,793
436
508
636
915
1,041
2,524
2,853
481
99
2,261
374
680
692
1,499
1,344
3,188
4,223
630
95
24,058
28,467
11,356
13, 251
12,702
15, 216
14,349
11,641
1,838
507
1,361
1,691
2,226
4,221
3,053
3,210
475
1,468
2,775
2,976
5,344
3,147
485
253
567
681
1,016
2,175
1,615
854
229
564
1,104
1,290
2,735
1,776
1,353
254
794
1,010
1,210
2,046
1,438
2,356
246
904
1,671
1,686
2,609
1,371
986
6,071
1,332
772
777
6,001
1,438
856
534
2,983
713
334
536
2,974
796
393
452
3,088
619
438
241
3,027
642
463
1,239
844
854
1,206
-22
-8
81
1,079
4
67
212
94
-79
41
905
28
113
182
49
112
41
459
52
64
80
36
123
13
435
72
68
92
51
3,946
2,319
2,145
3,488
458
3,846
16,032
21,403
7,897
8,135
-
16,617
16,721
..
8,771
799
3,582
Federal Reserve banks
Commercial and mutual banks
Credit agencies other than banks
Security and commodity brokers, dealers, and services.
Insurance carriers
Insurance agents, brokers, and services
Real estate
Holding and other investment companies
1,615
12,153
1,136
9,993
1,437
385
-202
28
470
-44
45
90
-2
2,144
2,331
1,920
224
1,507
1, 353
262
685
-120
40
620
-48
3
132
58
821
2,135
196
2,434
2,308
1,519
2,141
10, 100
13,890
16,212
17,166
5,244
4,856
8,483
5,407
3,684
2,907
1,693
1,741
2,976
3,887
1,630
1,538
1,457
24,708
25,496
5,932
7,513
8,496
2,653
3,279
4,004
3,509
9,252
10, 157
7,365
6,564
4,398
5,567
4,373
4,378
3,231
1,167
4,341
1,226
147
4,226
181
4,197
889
259
2, 510
158
111
261
998
88
2,411
160
700
233
2,117
149
602
235
234
-345
2,380
-179
16
257
-279
-9
3,378
-91
2,427
417
421
224
Wholesale trade
Retail trade
1,464
1,230
234
3,826
4,522
5,423
3,006
408
3,112
393
1,011
-84
2,342
21,634
9,945
3,378
5,393
26,502
12, 487
8,916
-
Wholesale and retail trade
Banking
1,012
24,037
4,064
Electric, gas, and sanitary services
Finance, insurance, and real estate _
908
19,952
3,150
458
Food and kindred products
Tobacco manufacturers
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products, n.e.c
Leather and leather products
2,132
52,051
3,608
Nondurable goods
2,351
1,529
..
58,749
3,506
914
1,008
1,057
1,524
2,071
5,054
3,607
928
213
_
54,239
19,882
Manufacturing
2,099
43,940
Contract construction
Telephone and telegraph
Radio and television broadcasting
4,124
309
17
40
126
65
3,731
172
116
56
14,424
13,036
10,740
1,746
8,330
10, 129
2,335
3,087
1,133
1,236
1,202
1,851
Hotels and other lodging places
Personal services
Miscellaneous business services
Auto repair, services, and garages
Miscellaneous repair services
Motion pictures
Amusement and recreation services, n.e.c. _
140
251
754
140
83
1
132
63
278
1,196
177
78
94
182
120
101
366
66
23
51
116
92
112
456
70
20
48
138
20
150
388
74
60
-50
16
-29
166
740
107
58
46
44
Miscellaneous services
834
1,019
290
300
544
719
380
34
-37
167
451
47
14
207
Services
Medical and other health services
Legal services
_
Educational services
Miscellaneous professional services
Rest of the world
Receipts from rest of the world
Less" Payments to rest of the world
n.e.c. Not elsewhere classified.
2,963
2,887
132
8
8
142
157
11
19
113
1,270
1,146
512
42
-29
309
608
58
33
320
4,845
6,822
11,157
6,162
4,845
6,822
11,157
6,162
6,120
1,275
8,460
1,638
17, 374
6,217
9,059
2,897
6.120
1.275
8,460
1,638
17, 374
6,217
9,059
2, 897
NOTE.—The industry classification is on a company basis and is based on the 1967 Standard
Industrial Classification.
SURVEY OF CURRENT BUSINESS
July 1976
57
Table 6.22.—Net Corporate
Dividend Payments by
Industry
Table 6.23.—Undistributed
Corporate Profits by Industry
Table 6.24.—Corporate
Capital Consumption
Allowances by Industry
[Millions of dollars]
[Millions of dollars]
[Millions of dollars]
1972
Mining
Metal mining
Coal mining
Oil and gas extraction
Non-metallic minerals,fixnp.pt,fuels
„,
Contract construction
1973
1974
1975
1972
1973
1974
27 792
30 756
32 105
30 024
39 264
44 430
33 199
67 884
73 743
81 567
89 419
21, 658
24, 631
30,432
29,804
28 118
35,603
33, 597
29,338
67 884
73 748
81, 567
89, 419
117
158
165
187
406
-39
0
580
737
927
1,121
75
25
96
21
402
178
582
155
2 944
1 358
1 375
1,618
1,770
93
Farms
Agricultural services, forestry, and fisheries
1972
1 848
Agriculture, forestry, and fisheries .
1975
100
...
1974
24 597
All industries
Domestic industries
1973
99
70
2 679
96
124
291
627
316
128
302
570
375
41
1,643
71
114
73
2 324
—1 423
—1 851
-143
96
—1 478
102
12 241
361
45
109
176
—2,359
223
—9 690
533
1975
{
237
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies
Transportation equipment, except motor vehicles
and equipment, and ordnance
Motor vehicles and equipment . .
Instruments and related products
Miscellaneous manufacturing industries
Transportation
909
790
938
802
2,147
2,467
2,763
3,103
13, 083
13 664
20, 860
28, 099
15, 723
29 221
30, 864
33, 950
36, 771
3 574
—28
7,182
6 453
11,412
19, 126
9,983
14 086
15, 018
15, 822
17, 098
945
244
200
139
459
388
1 614
—636
151
70
876
163
316
528
482
641
923
2,157
330
37
1 316
130
480
553
1,040
956
1 574
4,859
479
25
2 377
197
789
286
1,147
837
3 202
4,503
656
92
2 597
230
874
282
1,218
968
3,199
4,809
731
110
5 491
Durable goods..
434
5,348
917
273
192
108
433
400
1 601
696
151
62
Food and kindred products
Tobacco manufactures.
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastic products, n.e.c
Leather and leather products . .
341
9 342
4 833
Nondurable goods
297
10 324
Manufacturing
5 768
7 211
9 448
15 135
15,846
18, 128
19, 673
224
57
307
569
364
979
812
231
61
342
684
369
893
753
1 129
197
487
441
846
1 067
626
2 125
185
562
987
1,317
1 716
618
671
157
1 022
2 521
1,190
2 874
2 145
872
188
1 103
2,673
1,258
3 026
2,316
330
1 458
298
93
296
1,756
302
81
122
1 630
321
345
—55
1,271
340
382
1 210
2 496
573
276
944
2,518
653
295
— 126
—392
5 470
5,486
6,183
6,526
—540
— 10
504
—75
—30
9
16
—624
17
376
—84
— 10
—25
—42
1 658
276
1 340
323
1 412
285
176
1,504
159
1,463
348
1,511
282
219
5 722
6,562
7,314
8,079
5 464
258
6,289
273
5,376
908
5,901
753
8,973
298
5,740
-775
811
777
420
50
116
27
33
123
42
422
11
94
40
55
115
40
2 101
2 324
2 021
80
2 234
90
Electric, gas, and sanitary services
3,034
4,000
3,794
4,652
-600
-1,692
-2,275
-2,511
6,116
7,005
7,742
8,766
Wholesale and retail trade
2 080
2,746
3,609
3,355
8 020
11, 144
12, 603
13,811
6,861
7,418
8,301
9,143
689
1 391
1 209
1*537
4 555
3 465
7 274
3 870
2 342
4 519
2 678
4,740
6 752
5,113
5,528
6,133
6,596
7.243
2 569
101
2 468
1 745
99
3 048
165
—265
—609
2 284
132
2 152
2 019
—215
2 631
150
—787
— 969
1 370
5
1 365
422
57
691
82
2,706
200
1,748
7
1,741
518
66
837
84
2,639
241
4,881
5,701
6,173
6,897
613
355
1 361
1,333
50
262
368
539
290
14
41
194
664
358
1,707
1,534
56
280
479
623
362
18
47
196
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transporation.
Air transporation
.
Pipeline transportation
Transportation services . .
Communication
.
Telephone and telegraph
Radio and television broadcasting
.
Wholesale trade
Retail trade.
Finance, insurance, and real estate
.... .
Banking
Federal Reserve banks
Comercial and mutual banks
Credit agencies other than banks
Security and commodity brokers, dealers and services
Insurance carriers
Insurance agents, brokers, and services
Real estate
Holding and other investment companies
Services
Hotels and other lodging places
Personal services
Miscellaneous business services
Auto repair, services, and garages
Miscellaneous repair services
Motion pictures
Amusement and recration services, n e e
Miscellaneous services
Medical and other health services
Legal services
Educational services
Miscellaneous professional services
Rest of the world
Receipts from rest of the world
Less* Payments to rest of the world
794
613
1,451
1 804
46
1 758
372
50
—2 446
70
499
264
633
77
31
138
44
g
17
73
121
45
5
2
68
132
53
149
34
4
13
118
130
61
6
g
55
2 939
3 161
324
3 903
964
4 540
1 379
6 291
5 967
7
—99
106
-259
2,890
1,032
-750
1,478
1,027
692
1,218
—57
119
250
30
51
—67
—57
423
335
28
—39
99
661
n.e.c. Not elsewhere classified.
NOTE.—The industry classification is on a company basis and is based on the 1967 Standard
Industrial Classification.
1,429
2 094
49
2 045
361
36
—2 615
107
508
960
510
2 895
43
— 101
144
2 578
— 161
113
591
73
54
33
—74
589
390
41
6
152
2 301
1 906
3 661
10 833
3 861
4 667
2 366
2 217
311
3 920
259
11 083
250
4 392
531
714
SURVEY OF CUREENT BUSINESS
58
July 1976
7.—Implicit Price Deflators and Price Indexes
Table 7.1.—Implicit Price Deflators for Cross National Product
(Index numbers, 1972=100]
1972
1972
1973
1974
1975
IV
1974
1973
I
II
III
IV
I
II
1975
III
IV
I
II
1976
III
IV
I
Ilv
Seasonally adjusted
100.00 105. 80 116. 41 127.25 101. 44 102.89 104.65 106. 57 109. 05 111.56 114.64 118.03 121. 60 124.55 125.93 128.07 130.27 131.29 132.81
Gross national product
Personal consumption expenditures
100.0
105.5
116.9
126.3
101.2
102.5
104.5
106.2
108.8
112.0
115.3
118.6
121.8
123.7
125.1
127.3
129.1
130.3
131.6
100.0
100.0
100.0
Durable goods
Nondurable goods
Services
101.6
107.9
104.7
108.3
124.0
113.5
117.7
133.7
122.7
100.0
101.6
101.3
100.6
103.4
102.5
101.3
106.4
103.8
101.9
108.9
105.3
102.5
113.0
107.1
103.2
118.2
109.5
106.5
122.3
112.1
110.2
125.9
114.9
113.8
129.6
117.4
115.1
131.2
119.7
117.1
132.1
121.5
118.2
135.1
123.6
120.2
136.2
125.9
121.8
136.4
128.0
123.7
136.9
129.8
Gross private domestic investment
100.0
Nonresidential
Structures
. - .
.
....
Producers' durable equipment
Residential
Nonfarm structures
Farm structures
Producers' durable equipment
106.0
117.7
132.4
101.6
103.0
105.1
107.2
108.6
111.1
115.3
120.3
125.2
129.9
131.9
132.7
134.9
137.0
138.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
103.8
107.8
101.7
110.8
111.0
110.7
100.1
116.1
128.7
110.0
122.3
122.8
122.8
105.3
132.1
141.6
127.4
133.2
133.7
133.6
116.3
100.8
101.7
100.2
103.3
103.3
103.4
100.2
101.5
103.9
100.3
106.0
106.2
105.5
99.7
103.0
106.2
101.2
109.8
109.9
109.6
100.1
104.6
109.1
102.2
113.2
113.5
112.8
100.2
106.0
112.0
102.9
115.0
115.3
114.5
100.4
108.7
117.5
104.3
117.5
118.0
117.8
101.3
113.2
126.0
106.9
121.0
121.6
121.2
103.3
118.6
134.1
111.4
125.3
125.9
125.0
106.8
124.7
138.6
118.0
126.7
127.2
126.6
110.6
129.4
141.6
123.5
131.5
132.1
130.9
113.6
131.8
141.5
127.1
132.1
132.7
131.6
115.6
132.7
141.4
128.3
132.8
133.3
132.6
117.0
134.5
142.0
130.8
135.9
136.4
136.2
118.8
136.2
143.3
132.8
139.0
139.6
138.8
120.1
137.5
144.4
134.1
141.0
141.6
141.2
122.3
100.0
100.0
Fixed investment
116.2
118.2
148.6
169.6
163.4
187.4
102.6
103.5
105.8
106.8
112.1
114.8
119.2
120.5
126.8
131.5
136.2
148.9
144.1
164.9
154.0
178.6
160.4
186.3
163.4
188.9
163.0
186.9
163.4
186.6
163.7
187.3
164.6
189.2
167.6
190.0
Change in business inventories
Net exports of goods and services
Exports
Imports
Federal
State and local
100.0
106.7
118.3
129.9
102.4
104.2
105.5
107.0
110.3
112.7
116.4
120.0
124.0
126.7
128.6
130.8
133.4
135.4
137.2
100.0
100.0
Government purchases of goods and services
105.8
107.3
117.1
119.0
130.0
129.8
102.7
102.2
103.5
104.6
103.9
106.5
105.2
108.1
110.7
110.0
111.3
113.6
114.9
117.2
118.4
121.0
123.8
124.1
126.8
126.5
128.4
128.7
130.4
131.0
134.2
132.9
135.4
135.4
136.8
137.4
Table 7.2.—'Fixed-Weighted Price Indexes for Gross National Product, 1972 Weights
[Index numbers, 1972-100]
1972
1972
1973
1974
1975
IV
1974
1973
I
II
III
IV
I
II
1975
III
IV
I
II
1976
III
IV
I
II*
Seasonally adjusted
Gross national product
Personal consumption expenditures . .
Durable goods
Nondurable goods _
Services
100.0
106.0
116.6
127.3
101.5
103.1
104.9
106.8
109.1
111.8
114.8
118.2
121.8
124.4
126.0
128.3
130.4
131.7
133.2
100.0
105.7
117.5
127.1
101.2
102.6
104.6
106.4
109.1
112.6
115.9
119.2
122.4
124.3
125.8
128.3
130.2
131.2
132.5
100.0
100.0
100.0
101.6
108.2
104.7
108.3
125.1
113.6
117.9
135.1
122.9
100.0
101.6
101.3
100.7
103.5
102.5
101.4
106.6
103.8
101.9
109.2
105.3
102.6
113.7
107.1
103.1
119.4
109.5
106.4
123.6
112.1
110.3
126.9
115.0
113.9
130.7
117.6
115.3
132.3
119.9
117.4
133.3
121.7
118.4
136.7
123.8
120.4
138.1
126.2
122.1
137.7
128.4
124.1
138.1
130.2
Gross private domestic investment
Fixed investment
100.0
106.4
118.9
132.8
101.7
103.2
105.4
107.8
109.3
112.2
116.6
121.8
126.0
130.6
132.3
133.2
135.4
137.7
139.0
Nonresidential Structures
Producers' durable equipment
100.0
100.0
100.0
104.0
107.8
101.8
116.9
128.7
110.2
132.6
141.7
127.4
100.8
101.7
100.3
101.7
103.9
100.4
103.1
106.2
101.4
104.8
109.1
102.4
106.3
112.0
103.0
109.3
117.5
104.6
114.0
126.0
107.2
119.9
134.0
111.8
125.5
138.6
117.9
130.0
141.6
123.3
132.3
141.6
126.9
133.4
141.4
128.7
135.0
142.0
131.0
137.0
143.3
133.3
137.9
143.9
134.4
Residential
100.0
110.8
122.5
133.3
103.3
106.1
109.8
113.3
115.1
117.7
121.3
125.6
126.9
131.6
132.3
132.9
136.0
139.1
141.1
100.0
100.0
116.1
118.2
148.1
170.4
164.4
187.7
102.6
103.5
105.8
106.8
112.1
114.8
119.1
120.5
126.6
131.6
135.6
149.0
143.6
166.4
153.4
180.0
160.5
186.8
164.6
189.1
163.9
187.5
164.4
186.5
164.8
187.6
165.5
188.9
168.7
189.J
Change in business inventories
Net export of goods and services
Exports
Imports
Government purchases of goods and services
Federal
State and local
Addenda:
Gross domestic product
Business
^Preliminary.
100.0
107.1
119. 1. . 130. 9
102.5
104.5
106.0
107.9
110.3
113.5
117.1
121.0
125.1
127.9
129.6
131.7
134.3
136.0. .137.6
100.0
100.0
106.8
107.3
118.9
119.3
131.8
130.3
102. 8
102.2
104.3
104.6
105.2
106.5
107.4
108.1
110.7
110.1
113.1
113.8
116.5
117.5
120.4
121.4
125.9
124.7
128.8
127.3
130.0
129.3
132.3
131.3
136.0
133.2
136.3
135.7
137.6
137.7
100.0
100.0
105.9
105.7
116.2
116.4
126.8
127.2
101.5
101.3
103.0
102.7
104.8
104.6
106.7
106.6
108.9
108.7
111.5
111.6
114.4
114.5
117.7
118.1
121.3
121.7
123.9
124.3
125.6
125.9
127.8
128.2
129.9
130.1
131.3
131.3
132.8
132.8
SURVEY OF CUREENT BUSINESS
July 1976
59
Table 7.3.—Implicit Price Deflators for Gross National Product by Major Type of Product
[Index numbers, 1972=100]
1972
1972
1973
1974
1975
1973
I
IV
II
1974
IV
III
I
1975
II
III
IV
I
1976
II
III
I
IV
HP
Seasonally adjusted
Gross national product
100.00 105.80 116.41 127.25 101.44 102.89 104.65 106.57 109.05 111.56 114.64 118.03 121.60 124.55 125.93 128.07 130.27 131.29 132.81
100.0 105.8 116.3 127.2 101.5 102.9 104.7 106.5 108.9 111.6 114.5 117.9 121.6 124.3 126.2 128.1 130.0 131.2 132.8
..
Final sales
Change in business inventories
Goods
.
Final sales
Change in business inventories
100.0
100.0
105.2
105.1
115.7
115.5
128.0
127.8
100.8
100.8
102.0
102.1
103.9
103.9
106.0
105.9
108.9
108.6
110.8
110.8
113.8
113.3
117.1
116.8
121.4
121.4
125.5
124.8
126.5
127.1
128.8
129.0
130.9
130.3
130.4
130.1
131.7
131.6
Durable goods
Final sales
Change in business inventories
100.0
100.0
101.7
101.6
110.3
109.8
124.3
124.5
100.0
99.9
100.5
100.5
101.0
100.9
102.2
102.2
103.0
103.0
104.6
104.4
108.2
108.0
111.6
111.2
117.1
116.2
121.1
120.6
124.2
124.5
124.5
125.5
126.6
127.1
127.4
127.6
130.6
130.4
Nondurable goods
Final sales
Change in business inventories
100.0
100.0
107.7
107.6
119.4
119.4
130.3
130.0
101.4
101.4
103.1
103.2
106.0
106.0
108.7
108.5
113.0
112.5
115.0
115.1
117.5
117.0
120.8
120.6
124.4
124.8
128.1
127.5
127.9
128.8
131.3
131.2
133.6
132.5
132.2
131.8
132.5
132.4
100.0
105.5
115.0
124.4
101.8
103.3
104.6
106.1
108.2
110.9
113.4
116.4
119.2
121.2
123.2
125.3
127.8
130.2
131.8
100.0
109.2
126.6
138.8
102.6
105.0
108.0
110.9
113.5
118.0
124.4
130.8
134.5
138.2
138.3
138.6
140.1
142.0
143.5
Services
-
---,
Structures
.
NOTE .—" Final sales" is classified as durable or nondurable by type of product.'' Change in
business inventories" is classified as follows: For manufacturing, by the type of product
produced by the establishment holding the inventory; for trade, by the type of product sold
by the establishment holding the inventory; for construction, durable; and for other industries
nondurable,
Table 7.4.—-Implicit Price Deflators for Gross National Product by Major Type of Product and Purchaser
[Index numbers, 1972=100]
1972
Gross national product
1973
1974
1972
1975
100. 00
105. 80
116. 41
127.25
Durable goods
Personal consumption expenditures
Producers' durable equipment
Government purchases- _
Net exports
Change in business inventories
100.0
100.0
100.0
100.0
101.7
101.6
101.6
102.5
110.3
108.3
109.9
115.6
124.3
117.7
127.2
113.1
Nondurable goods
Personal consumption expenditures
Government purchases
100.0
100.0
100.0
107.7
107.9
105.2
119.4
124.0
134.3
130.3
133.7
151.5
19,3
1974
1975
Nondurable goods— Continued
Net exports
Change in business inventories
100.0
100.0
100.0
_ ..
Structures
Private
Government
105.5
104.7
107.0
115.0
113.5
115 3
124.4
122.7
125.7
100.0
100.0
100.0
Services
Personal consumption expenditures
Government purchases
Net exports
. . ..
109.2
109.6
108 0
126.6
125.7
129 0
138.8
137.6
141 9
See footnote to Table 7.3.
Table 7.5.—Implicit Price Deflators for Gross National Product by Sector and Industry
[Index numbers, 1972 = 100]
1972
1972
1973
1974
1975
IV
1974
1973
I
II
III
IV
I
II
1975
III
IV
I
II
1976
III
IV
I
II f
Seasonally adjusted
100.00 105.80 116. 41 127.25 101. 44 102.89 104.65 106.57 109. 05 111.56 114. 64 118.03 121. 60 124.55 125.93 128.07 130.27 131.29 132.81
Gross national product
100.0
105.7
115.9
126.9
101.4
102.9
104.6
106.5
108.9
111.1
114.1
117.4
121.0
124.2
125.6
127.7
129.9
130.9
132,5
Business
Nonfarm
!M anuf acturincj
N onmanuf acturing
Housing
Other
Farm
Residual
. . .. 100.0
100.0
100.0
100.0
100.0
100.0
100.0
105.5
104.1
102.8
104.7
104.3
104.3
154.9
116.1
115.1
112.6
116.2
109.3
117.4
151.3
127.2
126.3
128.1
125.6
115.0
127.4
147.3
101.2
101.0
102.5
101.8
104.3
103.1
106.3
104.6
108.7
107.1
111.1
109.4
114.3
113.6
117.8
117.1
121.4
120.7
124.7
124.3
125.9
125.2
128.0
126.8
130.1
128.7
130.9
130.1
132.4
110.2
128.5
152.0
174.6
165.9
173.6
142.3
145.6
145.3
133.4
141.5
152.9
160.2
141.9
157.7
Households and institutions
_
100.0
106.3
117.2
129.1
101.2
103.7
105.5
107.0
109.0
111.8
115.4
118.7
122.6
125.3
127.4
131.0
132.6
134.0
136.2
.. . 100.0
100.0
100.0
107.3
107.6
107.2
114.2
113.5
114.6
123.8
122.9
124.2
103.1
104.2
102.5
105.3
105.7
105.1
106.2
105.5
106.6
107.6
107.3
107.8
110.1
112.0
109.1
111.4
111.1
111.5
112.9
111.8
113.4
114.5
112.7
115.5
118.0
118.6
117.7
120.5
120.2
120.6
122.5
121.2
123.2
124.5
122.5
125.5
127.7
127.8
127.6
130.0
129.2
130.4
131.9
130.3
132.7
Gross domestic product .
Government
Federal...
State and local
Rest of the world
v Preliminary.
NOTE.—The industry classification within the business sector is on an establishment basis and is based on the 1967 Standard Industrial Classification.
SURVEY OF CUEEENT BUSINESS
60
July 1976
Table 7.6.—Implicit Price Deflators for the Relation of Gross National Product, Net National Product, and National Income
[Index numbers, 1972=100]
1972
1972
1973
1974
1975
IV
1973
I
1974
III
II
IV
I
II
1975
III
I
IV
II
1976
III
IV
I
II 9
Seasonally adjusted
Gross national product. _ _ . .
100.00 105.80 116.41 127.25 101.44 102.89 104.65 106.57 109.05 111.56 114.64 118. 03 121. 60 124.55 125.93 128.07 130.27 131.29 132.81
_
Less: Capital consumption allowances with
capital consumption adjustment
100.0
105.4
117.6
132.8
102.0
102.6
103.9
106.2
108.7
111.5
115.4
119.5
123.7
127.7
131.3
134.6
137.4
139.4
141.4
Equals: Net national product
100.0
105.8
116.3
126.6
101.4
102.9
104.7
106.6
109.1
111.6
114.6
117.9
121.4
124.2
125.3
127.3
129.5
130.4
131.9
Less: Indirect business taxes and nontax liability plus business transfer payments less subsidies plus current surplus of government enterprises
100.0
102.7
113.5
120.9
100.9
102.3
101.6
102.2
104.5
109.0
112.6
115.4
117.1
117.6
119.7
123.0
123.2
123.5
125.0
.. . 100.0
106.5
116.8
127.1
101.6
103.2
105.4
107.4
109.9
112.2
115.1
118.4
122.0
125.0
125.8
127.6
129.9
130.9
Residual
Equals: National income
Table 7.7.—-Implicit Price Deflators for Net National Product and National Income by Sector and Industry
[Index numbers, 1972= 100]
1972
1972
1973
1974
1975
IV
1973
I
II
1974
III
I
IV
II
1975
1976
IV
III
I
II
III
IV
I
II r
Seasonally adjusted
100.0
126.6
101.4
102.9
104.7
106.6
109.1
111.6
114.6
117.9
121.4
124.2
125.3
127.3
129.5
130.4
131.9
115.7
126.2
101.4
102.9
104.6
106.5
108.9
111.1
114.0
117.2
120.7
123.8
124.9
126.9
129.1
129.9
131.5
100.0
100.0
100.0
100.0
100.0
100.0
100.0
105.5
104.0
102.7
104.6
102.6
104.8
172.5
115.9
114.8
112.3
116.0
106.0
117.4
163.9
126.5
125.5
127.7
124.6
109.7
126.8
151.5
101.1
100.9
102.5
101.8
104.4
103.0
106.3
104.4
108.7
106.8
111.0
109.2
114.1
113.4
117.6
116.8
121.1
120.3
124.3
123.9
125.2
124.4
127.1
125.8
129.1
127.6
129.7
129.0
131.2
113.5
136.4
168.2
201.1
187.8
199.4
152.6
154.7
151.7
134.0
143.9
158.3
167.9
142.4
162.6
106.3
107.3
117.2
114.2
129.1
123.8
101.2
103.1
103.7
105.3
105.5
106.2
107.0
107.6
109.0
110.1
111.8
111.4
115.4
112.9
118.7
114.5
122.6
118.0
125.3
120.5
127.4
122.5
131.0
124.5
132.6
127.7
134.0
130.0
136.2
131.9
100.0
106.5
116.8
127.1
101.6
103.2
105.4
107.4
109.9
112.2
115.1
118.4
122.0
125.0
125.8
127.6
129.9
130.9
100.0
106.4
116.2
126.6
101.6
103.2
105.3
^07.3
109.7
111.6
114.5
117.6
121.2
124.5
125.4
127.1
129.4
130.3
100.0
100.0
100.0
100.0
..
116.3
105.7
100.0
100.0
Business
Nonfarm
..
Manufacturing
Nonmanufacturing
Housing
.
..
Other
Farm
Residual
Households and institutions
Q overnment
105.8
100.0
Net national product . .
Net domestic product
106.2
104.4
102.9
105.1
116.5
115.5
113. 2
116.7
127.0
126.7
129.6
125.4
101.3
100.9
102.8
101.9
105.1
103.4
107.3
104.9
109.7
107.4
111.7
109.7
114.7
114.0
118.1
117.5
121.8
121.3
125.3
125.4
125.8
125.6
127.4
126.8
129.6
128.8
130.2
130.3
100.0
100.0
100.0
162.0
106.3
107.3
146.3
117.2
114.2
137.4
129.1
123.8
113.7
101.2
103.1
129.0
103.7
105.3
158.8
105.5
106.2
187.4
107.0
107.6
176.4
109.0
110.1
176.7
111.8
111.4
136.2
115.4
112.9
138.0
118.7
114.5
136.3
122.6
118.0
121.3
125.3
120.5
130.4
127.4
122.5
143.3
131.0
124.5
153.1
132.6
127.7
127.7
134.0
130.0
Rest of the world
National income.
Domestic income
....
Business
Nonfarm
M anuf acturing
Nonmanufacturing
Housing
Other
Farm
Households and institutions. .
Q o ve rnment
.
145.7
136.2
131.9
Rest of the world
p Preliminary.
NOTE.—The industry classification within the business sector is on an establishment basis and is based on the 1967 Standard Industrial Classification.
Table 7.8.—Current-Dollar Cost and Profit Per Unit of Constant-Dollar Gross Domestic Product of Nonfinancial Corporate Business
[Dollars]
1972
1972
1973
1974
1975
IV
I
II
III
1975
1974
1973
IV
I
II
III
IV
I
II
III
1976
IV
I
II
Seasonally adjusted
Current-dollar cost and profit per unit of constant-dollar
1.000 1.044 1.159 1 286 1 Oil 1 019 1 032 1 049 1.076 1 099 1.141 1.179 1.219 1.259 1.274 1.295 1.316 1.329
Cross domestic product l
Capital consumption allowances with capital consumption
.093 .095
adjustment
Net domestic product
Indirect business taxes 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
.142
.143 .146
.146
.094
.095 .100
.105 .111 .118
.918
.927
.938
.953 .976
.994 1.030 1.060 1.091 1.120 1.132 1.151 1.170 1.183
.112
.837
.699
.123 .138 .111 .110
.921 1.005 ' .807 .817
.794 .853 .666 .678
.111
.826
.692
.112
.842
.705
.113
.862
.723
.116
.878
.748
.121
.909
.777
.126
.934
.810
.130
.961
.841
.135
.985
.863
.138 .139 .140 .136 ......
.994 1.013 1.030 1.047
.847 .842 .860 .869
.107
.050
.105
.055
.085 .107
.061 .059
.112
.054
.109
.056
.104
.056
.104
.053
.105
.054
.093
.057
.092
.061
.082
.068
.074
.058
.076
.046
.101
.053
.126
.066
.124
.068
.131
.072
.057
.028
.050
.032
.024 .048
.041 .045
.058
.030
.053
.030
.047 .051
.031 .033
.050
.035
.036
.037
.031
.040
.014
.043
.016
.046
.030
.046
.049
.045
.059
.045
.055
.046
.059
.047 IIIIII
.948 1.044 1.143
.110
.797
.661
.128
1. Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted two places to the left.
.139
.093 .092
.116 .143
.907
SURVEY OF CURRENT BUSINESS
July 1976
61
Table 7.9.—Implicit Price Deflators for Auto Output
[Index numbers, 1972=100]
1972
1972
1973
1974
1975
1973
I
IV
II
1974
III
IV
I
II
1975
III
IV
1976
I
II
III
IV
I
II*
Seasonally adjusted
100.0
Final sales
»- - —
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
-,
Exports
Imports
Government purchases of goods and
services
Change in business inventories of new and
Addenda:
Domestic output of new autos *
Sales of imported new autos 2
100.3
106.8
112.9
98.8
99.5
100.0
100.5
101.0
100.3
104.7
109.2
112.5
111.0
114.2
115.5
119.8
121.5
124.0
100.0
100.0
100.0
100.4
102.1
100.0
106.4
109.1
105.6
113.1
117.7
115.1
98.8
99.3
98.7
99.6
100.6
99.1
100.1
101.5
100.0
100.6
102.5
100.4
101.1
103.2
100.2
99.7
101.6
100.9
103.8
106.5
103.3
108.8
111.7
107.5
113.8
117.5
111.3
111.9
115.9
112.0
115.3
119.9
114.5
115.6
121.3
115.1
119.2
124.8
118.1
120.6
126.0
120.4
123.4
130.4
121.2
100.0
100.0
97.9
100.1
103.6
105.8
107.7
115.1
97.3
98.7
96.6
99.1
97.1
100.0
98.4
100.4
99.5
100.2
101.9
100.9
103.4
103.3
164.2
107.5
105.8
111.3
105.2
112.0
107.3
114.5
104.9
115.1
108.3
118.1
110.8
120.5
104.5
121.2
100.0
100.0
99.8
108.2
107.2
118.8
116.0
134.9
99.0
100.0
99.3
103.1
100.3
106.7
99.7
110.6
99.6
112.7
101.9
115.1
103.2
118.4
109.8
119.7
112.9
122.1
113.3
130.8
113.8
132.0
116.8
134.7
119.0
139.9
119.2
143.1
119.6
141.2
100.0
101.6
111.8
120.6
99.4
99.8
101.0
103.4
105.9
109.6
111.5
113.3
115.5
116.6
118.0
118.2
120.7
122.0
118.4
100.0
100.0
100.0
100.1
106.0
105.8
115.0
115.0
98.7
98.7
99.1
99.1
100.0
100.0
100.3
100.4
100.2
100.2
100.9
100.9
103.2
103.3
107.7
107.5
111.6
111.3
111.7
112.0
114.3
114.5
115.4
115.1
118.1
118.0
120.2
120.4
121.0
121.2
1. Consists of final sales and change in business inventories of new autos produced in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and
government purchases.
Table 7.10.—Implicit Price Deflators for Total Farm Output, Gross Product, and Income
[Index numbers, 1972=100]
1972
Cash receipts from farm marketings and Commodity
Credit Corporation loans
Crops
Livestock
Other farm income
_
Farm products consumed on farms
1974
100 0
Farm output
1973
140 5
150 7
100.0
100.0
100 0
100.0
100 0
142 3
151.5
134 9
107. 1
129 6
1975
1972
153.0
192.3
122.0
122.5
127 7
148. 3
175.0
127.2
134.3
136 8
100.0
116.9
149.8
127 4
150 1
156 9
100.0
100 0
124.4
146 3
146.3
179 1
155.3
167 8
1975
Plus: Other items
154 9
151 3
147 3
100.0
154 9
151 3
147 3
Less: Capital consumption allowance with capital consumption adjustment .
Indirect business tax and nontax liability
178.3
100 0
Equals: Gross farm product
Change in farm inventories
Gross rental value of farm dwellings
1974
100 0
Less: Intermediate goods and services consumed
Intermediate goods and services consumed other
than rent
Net rent paid to nonoperator landlords
151.8
1973
100.0
100.0
103 7
103.6
116.9
113.4
135.0
109.8
100.0
162.0
146.3
137.4
Plus: Subsidies to operator landlords
Equals: Income
Table 7.11.—^Implicit Price Deflators for Personal Consumption Expenditures by Major Type
[Index numbers, 1972=100]
1972
1972
1973
1974
1975
IV
1974
1973
I
II
III
IV
I
II
1975
III
IV
I
1976
II
III
IV
I
HP
Seasonally adjusted
Personal consumption expenditures... 100.0
105.5
116.9
126.3
101.2
102.5
104.5
106.2
108.8
112.0
115.3
118.6
121.8
123.7
125.1
127.3
129.1
130.3
131.6
Durable goods
-.
Motor vehicles and parts
Furniture and household equipment
Other
100.0
100.0
100.0
100.0
101.6
101.1
101.5
103.1
108.3
107.8
108.2
109.8
117.7
119.0
116.5
117.9
100.0
99.2
100.5
100.9
100.6
100.2
100.8
101.5
101.3
100.9
101.3
102.7
101.9
101.5
101.7
103.7
102.5
101.9
102.4
104.6
103.2
101.0
104.0
106.2
106.5
105.5
106.6
108.7
110.2
110.5
109.8
111.0
113.8
115.5
112.7
113.5
115.1
115.0
114.8
116.2
117.1
118.2
116.0
117.5
118.2
119.5
116.7
118.7
120.2
122.7
118.2
119.2
121.8
124.1
119.9
120.2
123.7
127.5
120.7
120.9
Nondurable goods
Food ..
Clothing and shoes
Gasoline and oil .
Fuel oil and coal .
Other
100.0
100.0
100.0
100.0
100.0
100.0
107.9
111.6
103.6
109.1
114.8
102.4
124.0
128.7
110.5
147.4
182.5
112.3
133.7
139.2
114.3
157.1
197.6
125.1
101.6
102.0
101. 1
102.9
101.0
100.6
103.4
105.0
101.8
103.3
103.5
101.1
106.4
109.5
103.4
106.2
109.0
102.0
108.9
113.5
104.1
108.5
114.8
102.5
113.0
118.6
105.1
118.5
133.7
103.9
118.2
123.6
107.0
137.5
167.4
106.1
122.3
126.9
109.5
149.8
178.7
109.6
125.9
129.6
112.2
151.9
191.2
114.8
129.6
134.6
113.5
149.7
193.4
119.2
131.2
136.8
113.6
148.4
187.5
122.8
132.1
137.5
113.5
151.3
190.9
124.8
135.1
140.8
114.7
163.0
202.6
136.2
141.7
115.1
166.6
209.9
127.3
136.4
141.1
116.1
160.7
205.1
129.7
136.9
141.6
116.9
158.0
206.1
131.1
Services
Housing
Household operation
Electricity and gas
Other
Transportation
Other
100.0
100.0
100.0
100.0
100.0
100.0
100.0
104.7
104.6
104.2
104.7
103.9
101.3
105.6
113.5
110.6
116.2
122.0
112.3
108.8
115.9
122.7
116.8
127.8
140.4
118.9
118.2
127.0
101.3
101.4
101.5
101.6
101.3
100.0
101.4
102.5
102.6
102.2
102.5
102.0
100.3
102.9
103.8
103.9
103.3
103.5
103.1
101.0
104.5
105.3
105. 3
104.5
105.0
104.2
101.4
106.3
107.1
106.6
106.9
107.9
106.1
102.6
108.5
109.5
108.3
110.6
113.5
108.7
104.6
111.0
112.1
109.7
114.7
119.5
111.5
107.2
114.2
114.9
111.3
118.3
124.7
113.9
110.4
117.8
117.4
113.0
121.2
129.6
115.2
113.1
120.8
119.7
114.7
124.1
134.3
116.8
115.6
123.6
121.5
116.0
126.3
137.8
118.1
117.0
125.6
123.6
117.4
129.0
142.9
119.3
118.9
128.1
125.9
119.2
131.6
146.7
121.4
121.1
130.8
128.0
120.9
134.0
147.4
124.6
123.5
133.3
129.8
122.5
135.3
150.2
125.4
125.6
135.2
..
...
v Preliminary.
125.7
SURVEY OF CURRENT BUSINESS
62
Table 7.13.—Implicit Price Deflators for Purchases of
Structures by Type
Table 7.12.—Implicit Price Deflators for Personal Consumption
Expenditures by Type of Product
[Index numbers, 1972=100]
[Index numbers, 1972=100]
Line
1
2
3
4
Personal consumption expenditures
Durable goods
.
-
._.
_ _
1972
1973
1974
100.0
The figures in parentheses are the line numbers
of the corresponding items in table 2.6.
105.5
116.9
101.6
108.3
100.0
1975
126.3
117.7
Motor vehicles and parts
New autos and net purchases of used autos
(65+66)
Tires, tubes, accessories, and other parts (68)..
Other motor vehicles (67)
100.0
101.1
107.8
119.0
100.0
100.0
100.0
101.9
97.1
99.9
108.9
103.9
105.7
120.7
113.4
115.2
Furniture and household equipment
Furniture, including mattresses and bedsprings (29)
.
Kitchen and other household appliances (30) ..
China, glassware, tableware, and utensils,
and other durable house furnishings
(31+32)
Radio and television receivers, records, and
musical instruments (87)
100.0
101.5
108.2
116.5
100.0
100.0
103.3
100.1
112.2
105.2
121.3
116.9
100.0
102.5
111.9
122.6
100.0
99.7
102.2
105.3
Other
Ophthalmic products and orthopedic appliances (46)
Wheel goods, durable toys, sports equipment,
boats, and pleasure aircraft (86)
Other (18+83)
100.0
103.1
109.8
117.9
100.0
103.6
111.0
119.7
100.0
100.0
103.1
103.1
110.2
109.3
118.1
117.4
100.0
107.9
124.0
133.7
Food
Food purchased for off -premise consumption
(3)
Purchased meals and beverages (4)
Food furnished employees (including military) and food produced and consumed on
farms (5+6)
Addenda: Food excluding alcoholic beverages
(8)
Alcoholic beverages (9)
100.0
111.6
128.7
139.2
26
Clothing and shoes
Shoes and other footwear (11)
Women's and children's clothing and accessories (14)
Men's and boys' clothing and accessories (15).
27
28
29
30
Gasoline and oil (70)
Fuel oil and coal (40)
Other
Tobacco products (7)
100.0
100.0
100.0
100.0
109.1
114.8
102.4
102.5
147.4
182.5
112.3
107.5
157.1
197.6
125.1
115.2
Toilet articles and preparations (21)
Semidurable house furnishings (33)
Cleaning and polishing preparations, and
miscellaneous households supplies and
paper products (34) . .
100.0
100.0
102.6
102.3
113.8
115.5
128.3
124.5
100.0
102.5
121.8
152.7
Drug preparations and sundries (45)
Nondurable toys and sports supplies (85)
Other (16+35+84+89+105-107)
100.0
100.0
100.0
100.2
100.9
104.4
103.7
106.5
116.4
112.4
114.3
130.8
100.0
104.7
113.5
122.7
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
31
32
33
34
35
36
37
Nondurable goods .
.
.
Services
100.0
100.0
113.6
105.4
133.1
116.9
143.8
127.2
1000
114.3
122.9
100.0
100.0
113.6
99.6
132.6
106.2
143.3
114.7
100.0
100.0
103.6
104.1
110.5
110.4
114.3
115.4
100.0
100.0
103.5
103.6
109.8
111.9
112.6
116.9
100.0
104.6
110.6
116.8
100.0
104.3
109.5
115.2
100.0
100.0
100.0
104.3
116.8
104.3
109.5
149.4
111.2
115.2
178.1
118.7
41
42
43
44
45
46
47
48
49
Household operation
Electricity (37)
Gas (38)
Water and other sanitary services (39)
Telephone and telegraph (41)
Domestic service (42)
Other (43)
100.0
100.0
100.0
100.0
100.0
100.0
100.0
104.2
104.9
104.3
105.4
102.5
106.9
103.5
116.2
124.0
117.6
111.7
106.9
126.5
115.3
127.8
140.3
140.6
122.6
110.4
141.3
123.9
50
51
52
53
54
55
56
57
58
59
Transportation
...
User-operated transportation (69+71+72)
Purchased local transportation
Transit systems (74)
.
Other (75+76)
Purchased intercity transportation .
Railway (excluding commutation) (78)
Bus (79)
Airline (80)
Other (81)
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
100.0
101.3
101.0
101.0
100.1
102.5
103.2
99.5
104.0
103.2
104.8
108.8
108.9
102.9
98.7
110.3
112.1
108.8
114.9
111.8
113.6
118.1
118.2
109.4
103.7
120.4
123.4
122.4
132.7
121.9
125.8
60
61
62
Other
Shoe cleaning and repair (12)
Cleaning, laundering, dyeing, pressing, alteration, storage, and repair of garments (17) . .
Barbershops, beauty parlors, and baths (22)..
Medical care services
Physicians (47)
Dentists (48)
Other (49+50+51)
Services furnished without payment by
financial intermediaries except life insurance
carriers (58)
Admissions to specified spectator amusements
(90)
Othei (55-58 + 60 + 61 + 62 + 88+94+95+96
+97+98+102+104—106)
100.0
100.0
105.5
105.2
115.9
113.6
127.1
121.4
100.0
100.0
100.0
100.0
100.0
100.0
104.1
108.5
105.3
103.2
103.0
106.9
115.0
119.6
115.3
112.6
110.9
117.4
126.2
130.6
129.0
126.6
122.6
131.5
100.0
106.2
117.7
123.4
100.0
103.7
110.6
118.7
100.0
105.6
116.4
126.5
40
63
64
65
66
67
68
69
70
1972
109 2
126 5
109 6
125 7
137 6
100 0
New
Nonresidential buildings, excluding farm
Industrial
.
Commercial
Religious, educational, hospital institutional, and
other*
1974
100 0
Nonresidential
1973
100 0
Purchases of structures
Private
107 8
128 7
141 6
100 0
100 0
100 0
100 0
107 8
107 9
107 9
107 9
128 7
128 1
128 2
128 0
141 6
140 0
140 1
139 9
1975
138 7
100 0
108 0
128 2
140 1
Public utilities
Railroads
Telephone and telegraph
Electric light and power
Gas
Petroleum pipelines
100 0
100 0
100 0
100 0
100 0
100 0
107 2
106 3
107 3
107 4
106 6
106 5
126 5
128 9
123 9
127 7
126 2
126 1
141 3
144 3
134 5
148 5
133 6
133 6
Farm
Mining exploration, shafts and wells
Petroleum and natural gas
Other
Other 2
100 0
100 0
100 0
100 0
100 0
107 9
109 9
110 2
108 0
106 4
128 2
141 2
143 5
128 2
128 9
140 1
151 0
152 9
140 2
144 3
100 0
100 0
108 1
107 1
128 1
127 1
140 0
141 2
100 0
111 0
122 8
133 7
100 0
111 0
122 8
133 7
100 0
111 0
122 8
133 7
100 0
100 0
110.0
111 4
105 4
111.4
123 2
116 9
123.2
134 0
128 7
134.0
100 0
110 6
122 8
133 6
100 0
100 0
111 4
111 4
123 3
123 3
134 0
134 1
Brokers' commissions on sale of structures _
Net purchases of used structures
.
Residential
New
Nonfarm
Structures
Mobile homes
Additions and alterations and nonhousekeeping..
132.6
Housing
.
Owner-occupied nonfarm dwellings— spacerent (24)
Tenant-occupied nonfarm dwellings-(including lodging houses) rent (25)
Rental value of farm dwellings (26)
Other (27)
38
39
July 1976
Farm
Brokers' commissions on sale of structures _ _
Net purchases of used structures .. .
Government
100 0
107 9
128 7
141 5
100 0
107 8
128 8
141 6
100 0
109 0
124 3
136 4
100 0
110 7
125 9
136 3
100 0
108 9
124 2
136 4
Highways and streets
Military facilities
Conservation and development
100 0
100.0
100 0
107 3
108.0
105 3
139 0
129.9
118 5
150 5
141.8
138 1
Sewer systems
Water supply facilities
100.0
100.0
107.7
106 6
123.1
124.8
139.9
136 7
Other 4
100.0
106 7
131.8
148 3
100.0
110 9
126 4
135 6
New
Buildings, excluding military
Residential
.
Industrial, educational, hospital and other 3
Net purchases of used structures
1. Other buildings consists of buildings used primarily for social and recreational activities
and buildings, not elsewhere classified, such as passenger terminals, greenhouses, and animal
hospitals.
2. Consists of streets, dams and reservoirs, sewer and water facilities, parks, airfields, etc.
3. Other buildings consists of general office buildings, police and fire stations, courthouses,
auditoriums, garages, passenger terminals, etc.
4. Consists of electric and gas facilities, transit systems, airfields, etc.
SUEVEY OF CUEEENT BUSINESS
July 1976
63
Table 7.14.—Implicit Price Deflators for Private Purchases of
Producers' Durable Equipment by Type
Table 7.15.—Implicit Price Deflators for Gross National Product
by Industry
[Index numbers, 1972=100]
[Index numbers, 1972=100]
1972
1973
1974
101.6
109.9
127. :
100.0
101.7
110.0
127.4
100 0
100.0
106 6
103.6
122.5
114.8
134 '
139. £
Engines and turbines
Tractors
100.0
100.0
102 9
102.4
108.5
117.6
129 '<
140.^
Agricultural machinery (except tractors) . ...
Construction machinery (except tractors)
100 0
100.0
103 3
103.6
117.5
114.9
137 ^
147.5
Mining and oilfield machinery
Metalworking machinery
100.0
100 0
103.9
103 0
116.6
113 2
148. (
134 '
Special industry machinery, n.e.c
General industrial, including materials handling,
equipment
,
,
100.0
103.7
117.6
141.;
100.0
103.0
114.0
139. (
Office computing, and accounting machinery
Service industry machinery .
100 0
100 0
100 2
101 4
101 3
110 2
103 t
127 (
Electrical transmission, distribution, and industrial
apparatus
. .. ..
.. -Communication equipment
100.0
100 0
101 6
102 4
109.3
105 6
131. (
119 i
Electrical equipment, n.e.c
Trucks, buses, and truck trailers
100.0
100.0
102 0
101.0
111.9
110.2
130.'
124.^
100.0
100 0
100 0
97 8
103 6
106 1
103.8
116 3
121.2
141
Railroad equipment
Instruments
100 0
100.0
105 7
101 0
115 7
105.6
149 (
115 (
Other
100 0
103 0
114.5
127 <
Less: Sale of equipment scrap, (excluding autos)
100.0
150.9
248.2
167. (
100.0
100.1
105.3
116.,
Private purchases of producers' durable equipment . 100.0
Nonresidential
Furniture andfixtures..
Fabricated metal products
.
Autos
Aircraft
Ships and boats
Residential
n.e.c. Not elsewhere classified.
.
_.
.
.
.
1972
1973
1974
100 00
105 80
116 41
100 o
105 9
116 1
126 7
100 0
100 0
100 0
100 0
100 0
100 0
100 0
100 0
150 1
154 9
106 6
111 6
110 8
102 8
102 8
102 9
147 9
151 3
117 0
166 7
129 2
112 6
112 8
112 5
145 2
147 3
125 5
201 0
135 5
128 1
128 5
127 9
100 0
100 0
100 0
100 0
101 3
100 9
101 9
102*5
112 8
113 1
112 5
111 0
121 7
119 0
121 4
•118 9
100 0
100 0
100.0
100 0
102 1
101 8
105.3
101 7
102 6
101 9
111 7
111 1
105 8
105 1
114 1
129 6
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Finance and insurance
Real estate
. ..
Services
Private households
2
Other
100 0
100 0
100.0
100 0
100.0
100.0
100 0
100.0
105 5
109 1
103.1
104 0
98 6
105.8
105 2
102.9
117 2
125 9
111 1
111 1
101 5
114 3
115 8
123 2
129 1
133 3
125 9
116 2
106 3
119 4
125 9
136 9
Government and government enterprises
Government
Government enterprises
Residual
100.0
100.0
100.0
105.9
107.3
94.9
114 0
114.2
112 1
123 6
123.8
121 8
100.0
100.0
104.1
106.3
115.1
117.2
126.3
129.1
1975
106.'
135 <
Gross national product
-
- --
Gross domestic product
Agriculture, forestry, and fisheries -Farms
....
Agricultural services, forestry and fisheries
Mining
- Contract construction
M anuf acturing
Nondurable goods
.. .
Durable goods
Transportation
.
Railroad transportation
Trucking and warehousing
Air transportarion
.
Other 1
C ommunication
Telephone and telegraph
Radio and television broadcasting
Electric, gas, and sanitary services
..
1975
127 25
Rest of the world
Addenda:
Private nonfarm business
Households and institutions
. .
1. Consists of local and interurban passenger transit, water transportation, pipeline transportation, and transportation services.
2. Consists of hotels and other lodging places; personal services; miscellaneous business
services; auto repair, services, and garages; miscellaneous services; motion pictures; amusement and recreation services, not elsewhere classified; medical and other health services;
legal services; educational services; nonprofit organizations; and miscelleneous professional
services.
NOTE.—The industry classification is on an establishment basis and is based on the 1967
Standard Industrial Classification.
SUEVEY OF CUERENT BUSINESS
64
July 1976
8.—Supplementary Tables
Table 8.1.—Gross National Product: Receipts and Expenditures by Major Economic Group
[Billions of dollars]
1973
1972
Expenditures
Receipts
Persons:
Disposable personal income less interest paid by
consumers to business and personal transfer
payments to foreigners (net)
Personal consumption expenditures
Personal saving
.....
782.4
Business:
Gross retained earnings 1
Gross private domestic investment
Excess of investment ( — )
131.0
Government:
Receipts, less transfer payments, etc.2
Purchases of goods and services .
Surplus or deficit (— ), national income and
product accounts
Receipts
less expenditures
249.6
140.2
275.8
6.5
Statistical discrepancy
17
Q
139.4
-79.8
299.0
269.5
7.7
0
Receipts
Expend- Receipts
less exReceipts
itures
less expenditures
penditures
1, 057. 2
887.5
171 6
215.0
2.6
2.6
1, 306. 6
274.6
1. Consists of undistributed corporate profits, corporate inventory valuation adjustment,
corporate capital consumption allowances, and noncorporate capital consumption allowances
with capital consumption adjustment.
—12 1
339.0
—64.4
8.5
7.5
20.5
1.0
6.6
1, 413. 2
1,306.6
183 7
-75.6
303.3
84.0
' -4.2
8.5
7.1
973 2
72.2
.6
1.7
1, 171. 1
1975
6.3
9.8
1, 171. 1
Expenditures
70.3
220.0
-57.3
Receipts
959.7
809.9
49.4
253.1
Receipts
less expenditures
-3.5
Foreign:
Transfer payments to foreigners (net) plus net
interest paid to foreigners
Net exports
Capital grants received by the United States
(net) less net foreign investment
Gross national product
Expenditures
880.2
733.0
188.3
Receipts
1974
-11.9
6.6
1,413.2
44
4.4
1,516.3
1,516.3
2. Equals government receipts less transfer payments to persons, transfer payments to
foreigners (net), net interest paid, and subsidies less current surplus of government enterprises, plus wage accruals less disbursements.
Table 8.2.—Monetary and Imputed Interest Flows
[Billions of dollars]
§
1
9
^
4
5
6
7
fl
q
10
11
§
3
1972
.
.
.
....
Corporate business 1 Financial 2
Nonfinancial
Sole proprietorships and partnerships 3
Nonfarm
Farm
Other private business 4 _
...
Real estate
Other
1974
207 9
260 7
266.8
117.8
152.7
196.2
197.5
75.8
41.0
34.8
11.8
8.4
3.4
30.2
30.0
.2
Monetary interest paid
Business
1973
163 9
3
103.4
59 3
44.1
14.6
10.6
4.0
34.8
34.6
.2
137.3
81 9
55.5
18.2
13 4
4.9
40.6
40.3
.3
1975
1972
1973
1974
1975
27
28
29
Government
Federal
State and local
9.4
2.0
7.4
11.4
2.1
9.3
14.4
2.5
11.8
16.8
3.4
13.4
133.7
78 3
55.4
19.0
13.5
5.5
44.8
44.3
.5
30
31
32
Foreigners
From business
From Federal Government
4.6
1.9
2.7
7.2
3.3
3.8
9.8
5.5
4.3
9.3
4.8
4.5
33
Imputed interest paid
38.8
43.8
51.2
55.9
34
Corporate business l (financial) 2
38.8
43.8
51.2
55.9
38.8
43.8
51.2
55.9
8.9
10.9
13 1
12.9
6.7
1.5
5.2
2.2
1.7
.6
8.1
1.7
6.4
2.8
2.1
.7
9.7
1.9
7.8
3.4
2.5
.8
9.7
1.9
7.8
3.2
2.4
.8
27.5
30.2
35.2
40.3
2.4
.7
1.7
2.7
.8
1.9
2.8
.7
2.2
2.8
.4
2.4
47.0
52.3
74.6
84.1
35
12
Persons (interest paid by consumers to business)
17.9
20 2
22 2
22 8
36
13
M
15
Government
Federal
State and local
24.2
17.3
69
29.5
21.1
83
33.4
24.1
8 4
37.4
27.2
10 1
16
17
18
Foreigners
_ To business
To Federal Government
4.0
3.2
.8
5.5
4.7
.9
8.9
7.8
1.1
9.2
8.1
1.1
37
38
39
40
41
42
163.9
207.9
260.7
266.8
102.8
135.5
170.4
170.3
101.5
91.0
10.5
1.2
.1
134.1
119.4
14.6
1.4
.1
168.9
150.1
18.7
1.5
.1
168.7
152.0
16.8
1.4
.1
47.1
53.8
66.2
Imputed interest received
_
Business
70.4
10
?0
?1
??
?3
24
^
?6
. ....
..
Monetary interest received
Business
Corporate business *
Financial 2
. . . .
Nonfinancial
Sole proprietorships and partnerships > (nonfarm) .
Other private business *
Persons ..
1. Consists of the domestic activities of all entities filing corporate tax returns, mutual financial institutions, private noninsured pension funds, cooperatives subject to Federal income
taxes, nonprofit organizations serving business, Federal Reserve banks, and federally sponsored credit agencies.
2. Consists of the following industries: Banking; credit agencies other than banks; security
and commodity brokers, dealers, and services; insurance carriers; regulated investment
companies; small business investment companies; and real estate investment trusts.
3. Sole proprietorships consists of the business activities reported on the individual income
Corporate business l
Financial 2 .
Nonfinancial
Sole proprietorships and partnerships 3
Nonfarm
Farm
43
Persons...
44
45
46
Government .
Federal.
State and local
47
Addenda:
Net interest (3+6+9+16-21-24-25-31+34-37
-40).
Personal interest income (26+43) _ _
48
67.1
101.4
74.6
110 —
tax return in Schedule C—Profit (or Loss) From Business or Profession and Schedule F—
Farm Income and Expenses, farm dwellings, and subsistence farms. Partnerships includes
all entities filing partnership income returns.
4. Consists of all business activities reported on the individual income tax return in Schedule E—Supplemental Income ScheduV, tax-exempt cooperatives; and owner-occupied
nonfarm dwellings and buildings owned by nonprofit institutions serving individuals, which
are considered to be business establishments selling their current services to their owners.
SURVEY OF CURRENT BUSINESS
July 1976
65
Table 8.3.—Imputations in the National Income and Product Accounts
[BiUions of dollars]
§
1972
13
1
1973
1974
1 171 11 306 6 1 413 2
GrOSS national product
2
3
Imputations (63+69+75+82+83+84+85-J-86+87)..
98.9
110.6
90.7
Excluding imputations (1-2)
1 080 4 1 207 6 1 302 6
4
5
5
Personal consumption expenditures
Imputations (63+69+75+82+84+85+86-80
-81).
Excluding imputations (4-5)
733 0
38.2
7
g
g
Gross private domestic investment
Imputations (80+81+87)
Excluding imputations (7-8)
'10
11
12
13
1975
S
3
1 516 3 49
50
122.1
1 394 2 51
1972
1973
1974
801 3
46.5
901 7
47.9
982 9
52.4
1 080 9
58.0
754 8
853 7
930 5
1 022 9
751 9
15.0
831 3
18.7
910 7
33.1
996 9
43.0
736 9
812 7
877 7
953 9
17 9
—22 6
40 5
49 4
31 6
17 8
20 2
—26 5
46 7
22 2
—30 2
52 5
22 8
—33 2
56 0
70 3
29 3
41 0
72 2
19 3
52 9
84 0
15 0
68 9
74 o
81 3
90 2
99 7
88
65 2
10 7
70 7
11 9
78 3
13 7
86 0
Capital consumption allowances with capital consumption adjustment.
Indirect business tax and nontax liability
Subsidies
Net interest
Rental income of persons with capital consumption adjustment.
14.7
17.1
19.8
22.2
16 9
6
21 5
11.5
18 2
4
25 2
9.8
19 3
2
28 8
10.2
20 8
2
31 7
11.1
Rental value of buildings owned and occupied by
nonprofit institutions.
Capital consumption allowances with capital consumption adjustment.
Net interest
3.7
4.1
4.8
5.3
2.8
3.1
4.2
g
10
3.7
1i
3.8
.8
3.1
1.1
3.9
1.3
4.5
1.3
9
2 7
10
33
13
39
12
45
Disposable personal income .
Imputations (65+68+77+79+82+84+85+86+
87).
Excluding imputations (49-50)
Personal outlays
Imputat ions (64+65+68+70+76+77+79+82+
84+85+86-80-81).
Excluding imputations (52-53)
809 9
45.5
887 5
63.5
973 2
76.4
52
53
694 9
764 4
824 0
896 8
54
188 3
50 1
138 2
220 0
50.7
169 3
183 7
43.0
140 7
55
56
57
Interest paid by consumers to business
Imputations (-67-71-78)
Excluding imputations (55-56) .
Government purchase of goods and services
Imputations (83)
Excluding imputations (10-11) ..
253 1
2 4
250 7
269 5
27
266.8
215 0
44 2
170 7
303 3
28
300.4
339 0
2.8
336.2
58
59
60
Personal saving
Imputations (80+81+87-64-70-76) .
Excluding imputations (58 -59)
105.4
117.7
137.7
161.4
14
15
Capital consumption allowances with capital
consumption adjustment.
Imputations (64+70+76)
Excluding imputations (13-14)
18 6
86 8
21.4
96 2
24 9
112 8
28.0
133 4
61
Owner-occupied nonfarm dwellings:
Space rent
16
17
18
Indirect business tax and nontax liability
Imputations (65+77)
Excluding imputations (16-17)
111 0
17 1
93 9
120.2
18 4
101.8
128.4
19 5
108.8
138.7
21 0
117.7
62
63
Less: Intermediate goods and services consumed
Equals: Imputations included in GNP .
19
Subsidies less current surplus of government
enterprises.
Imputations (66)
Excluding imputations (19-20)
3.6
3.9
.8
2.0
20
21
24
25
26
27
.2
6
.2
18
1, 207. 6
73.0
897.5 1,005.8 1,069.8
Wages and salaries
Imputations (84+85+86)
Excluding imputations (25-26)
23
.4
35
951.9 1,064.6 1, 135. 7
58.7
65.9
54.5
National income
Imputations (67+68+71+78+79+82+83+84
85+86+87).
Excluding imputations (22-23)
?9
6
30
1,134.6
633.8
27
631.1
701.2
2.8
698.4
764.5
3.4
761.1
806.7
37
803.0
Proprietors' income with inventory valuation and
capital consumption adjustments.
Imputations (79+87)
Excluding imputations (28-29)
76.1
92.4
86.9
90.2
1.8
74 3
2.3
90.2
2.5
84.4
2.9
87.2
Rental income of persons with capital consumption adjustment.
Imputations (68)
.
Excluding imputations (31-32)
21.5
21.6
21.0
22.4
11.5
10.0
9.8
11.7
10.2
10.8
11.1
11.3
34
35
36
Net interest
Imputations (67+71+78+82+83)
Excluding imputations (34-35)
47.0
38.4
8.6
52.3
43.8
8.6
67.1
49.9
17.3
74.6
55.2
19.4
37
Net interest paid by government to persons and
business.
Imputations (—83)
Excluding imputations (37-38) ..
10.6
12.4
13.1
14.4
-2.4
13.0
-2.7
15.1
-2.8
16.0
942.5 1. 052. 4 1,153.3
32.8
29.5
29.6
913.1 1, 022. 9 1, 120. 4
1,249.7
37.0
1, 212. 7
Specific imputations
64
65
66
67
68
69
70
-2.8
17.1
28
29
30
31
32
33
38
39
40
41
42
Personal income
Imputations (68+79+82+84+85+86+87)
Excluding imputations (40-41)
. ..
43
44
45
Transfer payments to persons
Imputations ( — 66)
Excluding imputations (43-44)
104.1
-.6
104.7
118.9
-.4
119.3
140.3
-.2
140.5
175.2
-.2
175.4
46
47
48
Personal tax and nontax payments
Imputations (—65—77)
Excluding imputations (46-47)
141.2
-17.1
158.3
150.8
-18.4
169.2
170.4
-19.5
189.9
168.8
-21.0
189.8
1975
71
72
73
74
75
Farms:
Rental value of owner-occupied farm dwellings
Plus: Food and fuel produced and consumed on
farms.
Less: Intermediate goods and services consumed
Equals: Imputations included in GNP . .
12
Capital consumption allowances with capital consumption adjustment.
Indirect business tax and nontax liability
Net interestProprietors' income with inventory valuation and
capital consumption adjustments.
1.1
1.2
1.4
1.6
77
78
79
2
2
1.2
2
2
1.5
2
3
1.9
3
4
2.2
80
81
Net purchases of owner-occupied dwellings . .
Net purchases of buildings owned and operated by
nonprofit institutions.
44.4
5.2
45.0
5.0
38.5
5.1
37.5
4.8
13.4
2 4
2.6
1
.0
.6
14.6
2 7
2.7
1
.0
.7
16.8
28
3.3
1
.0
.7
19.2
28
3.6
1
.0
.7
76
Services furnished without payment by financial
intermediaries except life insurance carriers:
8?
83
84
85
86
87
To persons
To government
Food furnished employees, including military
Standard clothing issued to military personnel
Employees' lodging
Margins on owner-built houses
SUEVEY OF CUEKENT BUSINESS
66
Table 8.5.—Relation of Corporate Profits, Taxes, and Dividends
in the National Income and Product Accounts (NIPA's) to
Corresponding Totals as Published by the Internal Revenue
Service (IRS)
[Millions of dollars]
§
July 1976
Table 8.6.—Relation of Nonfarm Proprietors' Income Without
Inventory Valuation and Capital Consumption Adjustments
of Sole Proprietorships and Partnerships in the National Income
and Product Accounts (NIPA's) to Corresponding Totals as
Published by the Internal Revenue Service (IRS)
[Millions of dollars]
1973
1970
1971
1972
67, 998
81 945
99, 478
122,685
Plus: Posttabulation amendments and revisions,
including allowance for audit profits and
gross renegotiation refunds
Depletion on domestic minerals .
7 603
3,959
7 634
4,216
7 105
4,529
7,257
5,828
Adjustment to depreciate expenditures for
mining exploration, shafts, and wells.
Oil well bonus payments written off
388
317
276
347
619
362
714
447
3,664
4,200
4,975
5,710
3,627
3,430
3
1970
1 Total receipts less total deductions, IRS
2
3
4
5
Net profit (less loss) of nonfarm proprietorships and
partnerships, plus payments to partners, IRS
6
7
State and local corporate profits tax accruals..
Income of Federal Reserve banks, Federal
home loan banks, and Federal land banks..
3,462
4,749
8
Adjustment for insurance carriers and mutual
depositary institutions. _
-1,113 -1,482 -1,671
3,086
4,154
Bad debt adjustment
3,788
-1,599
5,523
Plus: Posttabulation amendments and revisions including allowance for audit
Depletion on domestic minerals ..
Adjustment to depreciate expenditures for mining
exploration, shafts, and wells
Oil well bonus payments written off.
Bad debt adjustment
Income received by fiduciaries
9
10
11
12
13
14
Less: Tax-return measures of;
Gains, net of losses, from sale of property..
Dividends received from domestic corporations.
Income on equities in foreign corporations
and branches (to U S. corporations)
Costs of trading or issuing corporate securities.
Plus: Income received from equities in foreign
corporations and brandies by all U.S.
residents, net of corresponding outflows
Equals: Nonfarm proprietors' income, NIPA's. without
inventory valuation and capital consumption adjustments.
1971
1972
41 508
42 593
45 448
48 310
7,333
8,023
8 560
9,304
365
375
406
1973
422
37
4
483
482
24
4
731
541
59
2
682
610
76
2>
842
672
50,212
52, 291
55,767
59, 628
9,259
5,419
7,586
9,588
5,238
5,500
6,501
9,442
9 737
12 193
13, 997
22 425
1,336
1,666
1,616
1,252
3,786
4,565
4,845
6,822
Table 8.7.—Relation of Capital Consumption Allowances in the
National Income and Product Accounts (NIPA's) to Depreciation
and Amortization as Published by the Internal Revenue Service
(IRS)
[Millions of dollars]
15
Equals: Profits before taxes, NIPA's
71,485
81, 974
96,156
16
Federal income and excess profits taxes, IRS
33,293
37, 510
42,890
52,439
17
Plus: Posttabulation amendments and revisions,
including results of audit and renegotiation
and carryback refunds
Amounts paid to U.S. Treasury by Federal
Reserve banks
State and local corporate profits tax accruals..
1972
1973
1974
1975
115, 758
18
19
-559
-67
-218
-406
3,494
3,664
3,357
4,200
3,231
4,975
4,341
5,710
4,549
866
5,656
1,634
6,316
3,025
9,620
3,753
34, 477
37, 710
41, 535
48,702
20
?1
22
Less: U.S. tax credits claimed for foreign taxes paid.
Investment tax credit
Other tax credits
23
Equals: Profits tax liability, NIPA's
24
Profits after tax, NIPA's (15-23)
37,008
44, 264
54, 621
67, 056
?/>
Dividends paid in cash or assets, IRS
32, 013
32,593
36,040
41,829
26
27
Plus: Posttabulation amendments and revisions...
Dividends paid by Federal Reserve banks,
Federal home loan banks, and Federal land
banks
U.S. receipts of dividends from abroad, net of
payments, to abroad
4
102
387
956
102
94
92
159
28
2
9
2,222
2,711
2,939
3,161
29
30
Less: Dividends received by U.S. corporations
Capital gains distributions of investment
companies
10, 386
11, 595
13,299
17,228
1,071
923
1,562
1,085
31
Equals: Net dividend payments, NIPA's
22,884
22, 982
24,597
27, 792
32
Undistributed profits, NIPA's (24-31)
14, 124
21, 282
30,024
39, 264
Corporate:
Depreciation and amortization, IRS l
64,695 71, 173
Less* Depreciation of assets of foreign branches
798
891
Amortization of intangible assets
549
627
Depreciation of films.
167
95
Plus: Accidental damage to fixed capital other than
repairable damage
1,557
1,098
Depreciation of mining exploration, shafts, and
wells
1,760
1 987
Other 2
1,386
1,103
89, 419
Equals : Capital consumption allowances, NIPA's
67,884 73, 748 81, 567
Less* Capital consumption adjustment
2,522
1,890 -2,991 -11,530
Adjustment of capital consumption allowances
21,231
to consistent accounting at historical cost.
15,401 16,601 19, 138
Adjustment of consistent accounting at historical
-12,879 -14,711 -22, 129 -32,761
cost to current replacement cost
Equals: Capital consumption allowances with capital
consumption adjustment, NIPA's. .
65, 362 71,858 84,558 100, 949
Nonfarm sole proprietorships and partnerships:
Depreciation and amortization, IRS
. . 11, 743 13,443
152
86
Less* Amortization of intangible assets
722
Allowance for audit
618
Plus: Accidental damage to fixed capital other than
111
193
repairable damage
Depreciation of mining exploration, shafts, and
165
178
wells
3
203
163
Other
11, 791 13, 130 15,011
Equals: Capital consumption allowances, NIPA's
1,742
2,535
1,918
Less- C apital consumption adjustment
Adjustment of capital consumption allowances
5,320
4,321
3,815
to consistent accounting at historical cost
Adjustment of consistent accounting at historical
-1,280 -2,403 -3, 578
cost to current replacement cost
Equals: Capital consumption allowances with capital
9,256 11,212 13, 269
consumption adjustment, NIPA's
17, 044
1,430
6,464
-5,034
15,614
1. Beginning with 1973, includes all amortization of special tools and dies.
2. Consists of depreciation on assets owned by tax-exempt entities included in corporate
business, retirements of fixed assets owned by railroads, depreciation on employees' autos
used on a reimbursable basis for business. In 1972, also includes a portion of the amortization
of special tools and dies.
3. Consists of depreciation on employees' autos used on a reimbursable basis for business.
July 1976
SURVEY OF GUEEENT BUSINESS
67
Table 8.8.—Selected Per Capita Income and Product Series in Current and Constant Dollars and Population of the United States
Current dollars
Gross
national
product
Year
Personal
income
Constant (1972) dollars
Personal consumption expenditures
Disposable
personal
income
Total
Durable
goods
Nondurable
goods
Services
Gross
national
product
Disposable
personal
income
Millions
population i
(midyear)
Personal consumption expenditures
Total
Durable
goods
Nondurable
goods
Services
1929
849
696
675
634
76
309
249
2,587
1,884
1,769
176
805
788
121.9
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
736
613
466
444
516
569
646
704
654
693
618
526
401
373
424
473
534
572
523
552
598
512
389
362
412
459
517
549
501
534
568
487
389
364
406
438
484
517
493
511
58
44
29
28
33
40
49
54
44
51
276
233
182
177
211
230
256
273
261
268
233
210
178
160
162
167
178
190
188
192
2,323
2,132
1,832
1,784
1,910
2,067
2,336
2,428
2,309
2,458
1,711
1,626
1,394
1,348
1,421
1,546
1,723
1,768
1,637
1,756
1,623
1,547
1,393
1,358
1,401
1,477
1,613
1,662
1,609
1,681
138
118
89
87
98
121
149
156
124
146
759
750
687
660
699
732
810
835
841
879
726
679
617
611
603
624
654
671
644
657
123.2
124.1
124.9
125.7
126.5
127.4
128.2
129.0
130.0
131.0
1940
1941
1942
1943
1944..,
1945
1946
1947
1948
1949
757
936
1,174
1,404
1,521
1,517
1,482
1,615
1,767
1,730
589
714
908
1,102
1,188
1,214
1,254
1,317
1,422
1,378
569
690
863
972
1,051
1,065
1,122
1,168
1,278
1,254
537
605
657
727
781
854
1,017
1,122
1,192
1,194
59
72
51
48
48
57
111
142
156
168
280
321
376
429
465
514
585
631
659
636
198
212
230
251
268
283
321
350
377
390
2,630
3,085
3,616
3,987
4,157
4,032
3,378
3,249
3,326
3,289
1,849
2,085
2,356
2,431
2,484
2,418
2,351
2,212
2,288
2,253
1,744
1,830
1,792
1,819
1,847
1,939
2,131
2,124
2,133
2,145
165
186
121
106
98
106
182
212
226
243
908
956
963
980
1,007
1,074
1,124
1,074
1,057
1,055
672
688
708
732
742
759
825
838
850
847
132.1
133.4
134.9
136.7
138.4
139.9
141.4
144.1
146.6
149.2
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1,887
2,140
2,212
2,295
2,256
2,416
2,501
2,585
2,578
2, 747
1,491
1,644
1,723
1,793
1,775
1,868
1,967
2,039
2,063
2,158
1,355
1,457
1,506
1,571
1,574
1,654
1,731
1,792
1,821
1,898
1,266
1,342
1,383
1,439
1,452
1,535
1,581
1,637
1,662
1,755
203
193
186
204
196
234
225
230
212
240
648
705
726
730
726
744
766
789
803
827
415
444
472
505
530
557
590
618
648
688
3,517
3,737
3,813
3,897
3,779
3,962
3,976
3,976
3,902
4,069
2,386
2,408
2,434
2,491
2,476
2,577
2,644
2,650
2,636
2,697
2,229
2,219
2,236
2,283
2,284
2,391
2,415
2,421
2,406
2,493
286
259
248
270
268
316
296
290
267
293
1,067
1,071
1,090
1,101
1,090
1,122
1,139
1,138
1,130
1,158
876
889
897
912
926
953
980
993
1,009
1,043
151.7
154.3
157.0
159.6
162.4
165.3
168.2
171.3
174.1
177.1
2,801
2,849
3,023
3,143
3,313
3,541
3,831
4,007
4,327
4,616
2,212
2,259
2,363
2,447
2,583
2,764
2,976
3,153
3,414
3,680
1,934
1,976
2,058
2,128
2,278
2,430
2,597
2,740
2,930
3,111
1,798
1,824
1,904
1,979
2,087
2,214
2,365
2,468
2,670
2,860
239
226
250
272
294
323
344
350
399
422
836
845
866
883
922
971
1,041
1,070
1,148
1,219
723
752
788
825
871
920
979
1,047
1,124
1,220
4,078
4,112
4,284
4,390
4,557
4,765
4,991
5,071
5,241
5,323
2,696
2,726
2,797
2,849
3,007
3,153
3,274
3,399
3,463
3,517
2,507
2,516
2,589
2,649
2,755
2,872
2,982
3,035
3,156
3,234
291
274
299
321
342
378
402
401
440
453
1,153
1,154
1,171
1,179
1,216
1,256
1,300
1,306
1,346
1,364
1,064
1,089
1,119
1,150
1,197
1,239
1,280
1,328
1, 370
1,417
180.7
183.7
186.5
189.2
191.9
194.3
196.6
198.7
200.7
202.7
4,795
5,136
5,608
6,210
6,669
7,101
3,911
4,149
4,513
5,002
5,443
5,852
3,348
3,588
3,837
4,285
4,639
5,062
3,020
3,227
3,510
3,849
4,188
4,558
415
469
533
588
574
617
1,292
1,341
1,433
1,587
1,775
1,916
1,314
1,417
1,544
1,674
1,839
2,025
5,248
5,349
5,608
5,869
5,729
5,580
3,619
3,715
3,837
4,062
3,968
4,007
3,265
3,342
3,510
3,648
3,582
3,608
434
474
533
579
530
524
1,380
1,388
1,433
1,470
1,432
1,433
1,451
1,479
1,544
1,599
1,620
1,650
204.9
207.1
208.8
210.4
211.9
213.5
,
,-
----
.
1960
1961.
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
...
. . . .
,.
.
1. Includes Armed Forces abroad.
Table 8.9.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price Deflator,
and Price Indexes
1972
1973
1974
1975
1972
IV
I
II
III
Personal consumption expenditures:
Current dollars.
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Durable goods:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Nondurable goods:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Services:
Current dollars
1972 dollars Implicit price deflator
Chain price index. .
Fixed-weighted price index
I
II
III
IV
I
II
III
IV
I
HP
Percent, seasonally adjusted at annual rates
Percent
Gross national product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index _
Fixed-weighted price index
IV
1976
1975
1974
1973
11.9
2.0
9.6
8.5
8.6
5.3
-3.9
9.5
10.7
10.5
8.0
-3.1
11.5
11.2
11.0
9.5
-2.6
12.4
12.8
12.5
5.0
-6.8
12.7
12.7
12.6
-0.8
-9.9
10.1
9.2
8.9
10.4
5.6
4.5
5.4
5.4
19.1
11.4
7.0
7.3
7.3
10.6
3.3
7.1
6.4
6.6
12.6
9.2
3.2
4.3
4.2
9.3
4.4
4.7
5.0
4.7
7.5
-2.4
10.0
10.3
10.5
10.1
-2.1
12.4
13.1
13.3
12.4
.0
12.4
12.3
12.5
13.4
1.5
11.7
11.5
11.6
1.9
-8.4
11.3
10.9
11.2
10.1
3.6
6.3
6.6
6.5
12.1
7.0
4.8
4.9
4.9
11.8
4.1
7.3
8.0
8.1
10.4
4.5
5.6
6.0
6.1
13.1
8.8
3.9
3.6
3.3
8.3
4.1
4.0
4.1
3.9
-8.1
-7.6
-9.9 -10.4
2.5
2.5
2.4
2.3
2.4
2.0
14.1
.4
13.6
13.5
13.7
19.3 -29.3
4.0 -37.8
13.7
14.8
13.2
15.1
13.5
15.5
16.8
11.7
4.6
5.5
5.0
17.2
9.4
7.1
7.0
7.5
31.7
27.0
3.7
3.5
3.5
18.0
10.4
6.9
6.8
7.1
29.8
23.2
5.4
5.3
5.5
7.6
1.0
6.5
7.1
6.8
13.5
3.6
9.5
9.8
10.1
12.4
-3.2
16.1
16.8
17.2
15.1
-3.7
19.6
21.2
21.7
13.1
-1.5
14.9
14.4
14.8
13.5
1.2
12.1
11.4
11.3
5.0
-6.4
12.2
12.1
12.4
6.2
1.0
5.1
5.3
5.2
12.1
9.1
2.8
3.1
3.1
8.9
-.5
9.5
10.2
10.4
6.9
3.5
3.3
4.1
4.1
7.3
6.8
.5
-.5
-1.1
5.5
3.9
1.5
1.3
1.2
9.2
3.2
5.7
5.8
5.8
8.4
1.2
7.0
7.1
7.1
11.8
2.4
9.2
9.2
9.3
11.3
1.3
9.9
9.9
9.9
11.5
1.0
10.5
10.5
10.6
10.8
1.6
9.0
9.1
9.2
11.8
3.4
8.2
8.2
8.3
10.7
4.5
6.0
5.9
6.0
8.9
1.8
7.1
7.2
7.3
11.4
3.5
7.6
7.7
7.8
13.7
6.2
7.0
6.9
7.0
11.2
5.3
5.6
5.7
5.8
10.1
5.7
4.1
4.1
4.0
11.6
5.5
5.8
6.0
6.0
8.2
-1.7
10.0
10.0
10.0
7.3
-1.8
9.3
9.2
9.2
13.5
8.4
4.7
4.8
4.8
15.9
9.5
5.8
6.2
6.3
7.5
.4
7.0
7.1
7.2
9.7
5.9
3.6
3.6
3.5
10.5
4.7
5.5
5.7
5.7
9.6
-1.1
10.8
11.0
11.2
9.7
1.5
8.1
8.2
8.2
12.5
8.6
3.6
3.6
3.6
14.1
8.1
5.5
5.6
5.7
7.2
-.5
7.7
7.9
8.0
8.9
1.9
6.8
.6.8
7.0
14.6
13.4
1.1
1.1
1.0
11.2
9.5
1.6
1.6
1.6
-1.7
-7.8
6.6
6.5
6.5
8.3
-.4
8.7
8.8
9.0
20.7
22.4
-1.4
-1.3
-1.3
30.6
27.3
2.6
2.7
2.8
-3.6
-6.2
2.8
2.8
2.8
-3.4
-5.6
2.3
2.2
2.2
7.8
4.1
3.5
3.5
3.5
11.5
3.3
7.9
8.2
8.2
12.7
-1.9
14.9
15.4
15.6
8.7
.9
7.8
8.0
8.0
12.4
6.7
5.3
5.4
5.4
13.8
6.0
7.4
7.6
7.6
8.0
-3.8
12.3
12.6
12.9
9.9
5.3
4.4
4.4
, 4.4
9.3
4.4
4.7
4.7
4.7
10.6
2.0
8.4
8.5
8.5
11.0
2.6
8.1
8.2
8.2
9.8
5.9
3.7
3.7
3.7
8.8
3.7
4.9
4.9
4.9
10.7
5.0
5.4
5.4
5.4
9.4
1.7
7.5
7.8.
7.7
SURVEY OF CUEEENT BUSINESS
68
July 1976
Table 8.9.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars. Implicit Price Deflator,
and Price Indexes—Continued
1972
1972
1973
1974
1975
IV
I
II
III
Percent
Gross private domestic investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Fixed investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index _ -
IV
1
IV
104.8
93.0
10.0
-4.7
68.9
67.1
12.2
8.5
6.2
6.5
5.3
9.1
6.5
2.5
3.2
2.9
15.0
7.6
6.9
6.5
6.6
18.8
11.6
6.4
6.9
7.1
16.3
11.4
4.4
3.6
3.8
11.2
5.4
2.6 -9.9 -5.8
-5.5 -12.5 -16.1 -22.3 -12.5
22.2
17.7
20.5
15.9
7.6
17.7
22.1
21.0
16.6
7.8
15.2
22.1
18.5
20.1
7.1
.8
-1.8
2.7
3.6
3.4
7.3
1.4
5.8
5.4
5.1
13.3
7.7
5.2
6.0
5.9
13.8
9.7
3.8
2.8
2.7
8.5 -14.6 -13.7
-4.8 -21.7 -13.5
14.0
-.2
9.0
14.3
8.7
-.3
14.5
8.9
-.1
4.9
5.4
-.5
-.4
-.4
2.5
.7
1.8
1.6
1.5
8.5
4.7
3.6
3.7
3.8
17.5
13.9
3.1
1.9
1.8
-.6 -7.2 -1.2
11.7
-5.3 -20.9 -22.6 -12.0
25.7
12.2
18.0
19.9
24.9
18.6
21.3
12.6
12.1
24.0
19.6
18.1
-1.3
-5.1
4.0
5.8
5.8
10.0
1.8
8.1
7.5
7.4
16.0
9.3
6.1
7.2
7.2
12.0
7.6
4.0
3.3
3.3
18.2
15.9
2.0
2.1
2.0
37.2
34.5
2.0
2.0
2.0
38.4
26.1
9.8
9.6
9.6
34.0
22.3
9.5
9.5
9.4
22.6
15.8
5.9
5.7
5.7
III
IV
I
21.6
15.1
14.8
5.5
3.8
-4.8
13.0
6.6
6.0
6.4
6.4
1.1 -2.9
-9.0 -13.7
11.1
12.4
11.6
12.5
11.7
11.8
26.7
20.6
5.0
5.2
5.2
20.4
13.9
5.8
6.1
6.3
7.9
-.5
8.4
8.7
8.9
4.1
-3.8
8.2
8.8
9.1
-4.1
-8.9
5.3
5.7
6.0
12.3
8.2
3.8
3.8
3.6
16.4
12.1
3.8
4.0
4.0
9.7 -1.4
-1.9 -13.3
11.9
13.8
12.1
13.9
12.5
13.4
25.5
24.0
1.2
1.4
1.4
23.1
19.3
3.2
3.5
3.6
13.1
7.0
5.7
5.6
5.7
12.7
5.8
6.5
6.5
6.7
5.1
-.5
5.6
5.4
5.8
14.2
3.3
10.5
11.2
11.8
8.1
2.1
6.0
6.0
6.0
15.2
6.8
7.8
7.8
7.8
10.4 -3.9
-7.5 -12.6
10.1
19.3
19.2
10.0
10.1
19.3
14.5
8.0
6.0
6.0
6.0
19.5
9.9
8.7
8.8
8.8
22.5
12.1
9.3
9.3
9.2
18.7
6.8
11.1
11.1
11.1
5.6
-5.1
11.3
11.3
11.3
9.4
-9.7
21.1
21.1
21.2
14.8
12.0
2.5
2.5
2.3
17.1
15.2
1.7
1.8
1.8
.0
9.4
1.1 -13.6
8.2
15.8
8.2
16.1
15.6
8.3
32.1
33.9
-1.3
-1.2
-1.2
25.1
24.6
.4
.6
.7
8.3
4.4
3.6
3.6
3.7
9.4
5.3
3.9
4.0
4.1
4.8
2.0
2.7
2.2
2.6
17.0
10.8
5.6
5.9
6.2
-7.1
6.6 -16.7
-3.7 -24.6 -14.7
10.4
8.9
10.8
10.5
8.8
10.8
10.5
10.8
8.8
29.0
14.5
12.7
12.8
12.7
15.5 -1.7 -11.5 -21.4 -20.3 -12.2 -12.2 -32.8 -23.5
4.0 -14.4 -22.0 -25.9 -27.1 -21.9 -23.7 -35.7 -34.1
4.4
6.2
16.1
11.1
14.8
9.3
12.5
15.0
13.3
11.2
4.4
9.5
12.7
16.1
14.8
6.3
14.9
13.3
11.2
4.4
13.4
9.5
12.7
15.8
14.9
6.3
14.9
16.4
11.6
4.3
4.3
4.2
25.1
18.7
5.4
5.4
5.4
II
I
HP
Percent, seasonally adjusted at annual rates
21.6
16.3
16.8 -2.3
10.0 -12.2
1976
III
II
-14.6
-24.3
17.7
12.8
Nonresidential:
Current dollars
.....
1972 dollars
,
Implicit price deflator
Chain price index .. .,
Fixed-weighted price index
Structures:
Current dollars
1972 dollars
Implicit price deflator ._
Chain price index
Fixed-weighted price index .
Producers' durable equipment:
Current dollars
1972 dollars
..
Implicit price deflator, ,
Chain price index
„ ,
Fixed-weighted price index
Residential:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
1975
1974
1973
22.5 -23.6
14.3 -28.5
4.5 -9.7 -3.4 -55.8 -17.3
-13.4 -22.7 -15.1 -65.9 -9.2
2.6
4.1
.3 -8.0 -13.4
-6.3 -10.2 -15.6 -21.5 -25.3
17.2
9.5
15.9
15.9
18.8
16.4
10.7
16.3
20.1
16.5
19.4
15.4
11.0
16.4
14.3
20.0 -4.9
-9.3 -25.8
28.2
32.3
28.2
31.8
28.2
31.9
6.5
-3.5
10.4
10.3
10.5
-e!3
Exports:
Current dollars
,.„-,,
,, .
1972 dollars
,
Implicit price deflator,,
Chain price index
„-„-„.,
Fixed-weigh ted price index , . .,,.,
10.8
7.0
3.5
3.5
3.5
39.8
20.3
16.2
16.1
16.1
42.2
11.2
27.9
27.4
27.6
2.5
-6.7
10.0
11.1
11.0
33.7
22.0
9.7
9.6
9.6
64.0
44.9
13.2
13.2
13.2
36.9
8.7
25.9
25.9
25.9
40.4
9.9
27.8
27.8
27.6
42.5
11.3
28.0
27.6
27.7
80.2
35.3
33.2
31.0
31.6
29.8
3.7
25.2
26.4
25.7
15.4 -15.4 -12.0
-2.1 -21.4 -11.1
17.9
7.7 -1.1
11.0 -1.5
19.9
19.9
10.7 -1.7
15.8
14.7
.9
1.2
1.0
15.8
14.8
.8
1.2
1.2
1.0
-1.3
2.3
1.4
1.6
7.2
-. 1
7.4
8.3
8.0
Imports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
18.6
10.9
7.0
7.0
7.0
24.3
5.1
18.2
18.2
18.2
45.0 -6.8
1.1 -15.7
43.5
10.5
44.2
10.4
44.1
10.1
31.3
19.8
9.6
9.6
9.6
36.9
20.7
13.4
13.4
13.4
23.2
-7.8
33.7
33.8
33.7
13.0
-7.0
21.6
21.6
21.4
32.7
-6.4
41.8
41.9
42.0
78.7
8.8
64.3
64.5
64.5
.6 -31.6 -36.1
86.9
22.7
24.3 -10.7 -15.1 -35.3 -33.4
37.4
18.5
5.6 -4.0
50.4
5.2 -3.3
55.4
37.4
16.7
16.0
4.8 -3.3
55.6
37.0
31.0
32.1
-.8
-1.9
-1.9
20.0
18.2
1.6
2.2
2.2
45.6
39.9
4.1
2.8
2.9
5.5
3.7
1.8
1.2
1.1
8.3
1.5
6.7
6.7
6.5
6.5
-.2
6.7
7.1
7.1
12.5
1.5
10.8
Hk8
11.2
11.8
1.8
9.8
9.7
9.9
10.3
1.9
8.2
8.0
8.0
10.5
3.2
7.0
8.1
8.1
-1.0
-6.1
5.4
5.9
5.9
6.6
.9
5.6
7.2
7.2
13.2
.3
12.9
9.4
9.5
15.4
5.6
9.3
11.4
12.0
14.6
1.0
13.4
12.4
13.2
15.0
1.5
13.2
13.7
13.9
13.5
-.3
13.9
14.0
14.5
9.2
.3
8.8
9.2
9.2
9.7
3.2
6.3
5.9
5.4
12.5
5.2
6.9
7.1
6.6
12.9
4.3
8.2
8.1
8.2
1.0
-4.9
6.2
5.8
5.0
9.8
4.1
5.4
5.2
5.0
6.1
-1.7
8.0
7.9
7.6
.1
-5.4
5.8
6.8
6.8
9.2
-1.4
10.7
10.5
11.3
11.6
.4
11.0
10.5
10.8
8.0
-4.0
12.5
11.8
11.9
7.8 -14.9
4.6 -16.3
1.7
3.1
5.7
3.2
6.7
3.4
.0
-4.6
4.8
9.2
8.9
18.2
-3.8
22.9
12.9
12.7
6.9
4.7
2.2
7.5
9.1
10.7
-2.6
13.6
10.5
12.5
18.1
4.7
12.8
13.6
13.9
17.2
-1.8
19.4
18.9
19.6
7.8
-2.1
10.1
9.4
9.6
7.1
1.8
5.1
4.2
3.9
7.6
1.2
6.3
7.8
7.2
19.8
7.0
12.0
11.6
11.6
-3.7
-7.2
3.8
2.1
.9
9.8
3.8
5.8
5.8
5.8
10.8
3.3
7.3
7.3
7.3
14.6
3.3
10.9
11.0
11.1
11.9
2.6
9.1
9.3
9.2
11.8
6.0
5.4
6.5
5.5
12.3
2.4
9.7
9.7
9.7
8.7
1.0
7.7
7.7
7.7
10.7
4.5
5.9
6.0
6.1
10.4
2.9
7.3
7.3
7.4
20.8
6.2
13.8
13.7
14.0
16.9
3.3
13.2
13.5
13.7
13.3
-.2
13.5
13.8
14.0
11.4
.6
10.8
11.2
11.2
10.0
1.8
8.1
9.0
8.8
11.3
4.0
7.0
7.0
6.4
15.5
7.7
7.3
6.7
6.2
9.1
2.8
6.1
6.2
6.0
3.8
-3.5
7.5
8.0
7.8
9.7
3.2
6.3
6.0
5.7
10.1
5.8
4.1
4.1
4.0
11.5
5.4
5.7
5.9
5.9
7.8
-1.7
9.6
9.7
9.7
7.7
-1.7
9.5
9.3
9.2
13.3
8.3
4.6
4.8
4.8
15.8
9.4
5.8
6.2
6.3
7.6
.7
6.9
6.9
7.1
9.4
1.8
7.5
7.7
7.6
11.6
2.0
9.4
8.2
8.3
3.1
-4.9
8.5
10.2
10.0
9.6
-1.5
11.3
10.5
10.5
9.2
-2.6
12.1
12.5
12.3
4.8
-7.1
12.8
12.7
12.6
.7
-9.2
10.9
9.4
9.0
10.1
6.4
4.5
5.5
5.5
19.1
11.3
7.0
7.4
7.4
10.8
3.4
7.1
6.4
6.7
12.2
9.0
3.0
4.3
4.2
10.0
4.8
5.0
5.0
4.8
10.3
6.7
3.4
3.4
3.3
12.0
6.2
5.5
5.7
5.7
7.6
-2.2
10.0
10.1
10.2
7.1
-2.3
9.6
9.3
9.3
13.5
9.2
3.9
4.1
4.1
17.2
11.4
6.3
5.6
5.8
7.6
.2
7.3
7.4
7.6
9.8
1.9
7.8
8.1
8.0
11.8
2.2
9.4
8.0
8.2
2.3
-6.0
8.9
10.9
10.8
9.9
-1.9
12.0
11.0
11.1
9.0
-3.4
12.9
13.4
13.2
3.4 -1.2
-8.3 -11.2
11.3
12.8
12.7
9.5
12.5
9.1
10.3
6.0
4.1
6.3
5.3
20.8
13.1
6.8
7.4
7.4
10.7
3.7
6.7
5.9
6.2
12.6
10.1
2.3
3.9
3.7
10.4
5.3
4.8
4.9
4.6
Government purchases of goods and services:
Current dollars
1972 dollars ...
....
Implicit price deflator
Chain price index .
Fixed-weighted price index ..
Federal:
Current dollars . . _ , .
1972 dollars
Implicit price deflator
Chain price index.
Fixed-weighted price index
State and local:
Current dollars
1972 dollars
Implicit price deflator
Chain price index..
Fixed-weighted price index
Addenda:
Gross domestic product:
Current dollars
1972 dollars..
Implicit price deflator
Chain price index
Fixed-weighted price index
Business:
Current dollars
1972 dollars
Implicit price deflator
Chain price index..
Fixed-weighted price index
..
» Preliminary.
NOTE.—The implicit price deflator for GNP is a weighted average of the detailed price
indexes used in the deflation of GNP. In each period, the weights are based on the composition of constant-dollar output in that period. In other words, the price index for each item is
weighted by the ratio of the quantity of the item valued in 1972 prices to the total output
in 1972 prices. Changes in the implicit price deflator reflect both changes in prices and changes
18.6
-9.1
30.5
30.3
30.1
10.0
5.7
4.0
4.0
3.9
1
in the composition of output. The chain price index uses as weights the composition of output
in the prior period, and, therefore, reflects only the change in prices between the two periods.
However, comparisons of percent changes in the chain index also reflect changes in the composition of output. The fixed-weighted price index uses as weights the composition of output
in 1972. Accordingly, comparisons over any timespan reflect only changes in prices.
U. S. GOVERNMENT PRINTING OFFICE : 1976 O - 215-400
CURRENT BUSINESS STATISTICS
JLHE STATISTICS here update series published in the 1975 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $5.10) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1971 through 1974 (1964-74 for major quarterly
series), annually, 1947-74; for selected series, monthly or quarterly, 1947-74 (where available). Series added or significantly revised after the 1975
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. Unless otherwise noted, revised monthly data
for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 187-88. Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
1973
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes areas shown in
the 1975 edition of BUSINESS STATISTICS
1975
1974
1973
II
Annual total
III
1975
1974
IV
I
| II
III
IV
I
II
1976
III
IV
I
JJ>
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross national product, totalf
bil.$._ sl, 306.6
1,413.2 1,516.3
1,288.4 1,317.5 1,355.1 1,372.7 1,399.4 1,431.6 1,449.2 1,446.2 1,482.3 1,548.7 1,588.2 1,636.2 1,673.0
Personal consumption expenditures, total.. do
809.9
887.5
973.2
801.0
818.2
833.1
853.3
878.7
906.8
911.1
933.2
960.3
987.3 1,012.0 1,043.6 1,064.6
Durable goods total 9
do
Motor vehicles and parts
do
Furniture and household equipment. _ -do
123.7
55.2
50.7
121.6
47.9
54.7
131.7
53.2
57.6
124. 6
56.6
50.3
123.5
54.5
51.0
121.1
50.7
52.0
118.6
46.2
53.7
122.5
48.5
54.9
128.0
53.0
55.7
117.4
43.7
54.4
122.1
47.6
54.6
127.0
49.5
57.0
136.0
56.3
58.2
141.8
59.2
60.6
151.4
68.0
61.2
154.1
69.7
62.0
Nondurable goods, total 9
Clothing and shoes
Food
Gasoline and oil - ..
do
do._
do
do
333.8
61.3
168.1
27.8
376.2
65.1
189.9
36.3
409.1
70.0
209.5
38.9
327.6
60.7
164.6
26.8
338.1
61.7
171.3
27.6
348.1
62.8
175.2
30.2
360.6
64.2
181.5
31.8
371.9
65.0
186.4
36.2
383.8
66.2
193.7
38.0
388.5
65.0
198.0
39.3
394.4
66.6
203.2
37.9
405.8
69.3
207.8
38.6
414.6
71.3
211.8
39.2
421.6
73.0
215.2
39.9
429.1
73.5
219.2
40.1
434.8
73.5
222.5
40.1
do
do
do _
do
352 3
50.2
123.2
27.9
389.6
56.1
136.4
31.1
432.4
63.9
150.2
34.0
348.8
49.6
121.5
27.6
356.6
51.1
124.8
28.1
363.8
51.6
128.1
28.6
374.1
52.8
131.8
29.7
384.3
55.3
134.6
30.6
394.9
57.5
137. 8
31.6
405.2
59.1
141.3
32.5
416.7
61.2
145.0
33.3
427.4
63.7
148.4
33.6
436.7
65.0
151.8
34.1
448.6
65.9
155.8
35.0
463.2
68.4
159.7
36.5
475.6
69.5
163.6
37.6
183.7
218.0
220.0
231. 5
216.4
218.8
213.3
211.5
172.4
164.4
196.7
201.4
229.6
236.3
203.8
145.1
52.4
92.7
205.8
149.0
54.8
94.2
206.0
150.9
54.1
96.8
201.7
151.9
55.2
96.7
194.6
148.0
53.1
94.9
194.3
145.8
51.2
94.6
198.6
146.1
51.8
94.3
205.7
148.7
52.1
96.6
214.7
153.4
53.2
100.2
223.0
158.5
55.3
103.1
Services total 9
Household operation
Housing
Transportation
--
_
__
Gross private domestic investment, total
do_. _
220.0
215.0
do
do
do
do
202.1
136.0
49.0
87.0
204.3
149.2
54.1
95.1
198.3
147.1
52.0
95.1
202.6
134.5
48.4
86.1
204.6
138.6
50.5
88.1
202.5
140.3
51.2
89.1
do
__do
do
66.1
17.9
14.7
55.1
10.7
12.2
51.2
-14.6
-17.6
68.0
15.4
11.9
66.0
15.4
11.4
62.1
29.0
23.7
58.7
12.6
14.5
56.8
13.0
13.9
55.0
7.3
7.4
49.8
9.7
12.9
46.6
— 22 2
-25.' 6
48.6
-30.0
-31.2
52.6
-2.0
-4.2
57.0
-4.3
-9.5
61.3
14.8
12.7
64.5
13.3
14.7
7.1
101.6
94.4
7.5
144.4
136.9
20.5
148.1
127.6
4.3
96.7
92.4
10.0
105.2
95.3
12.7
115.0
102.3
15.0
133.2
118.2
3.9
142.2
138.3
2.9
148.4
145.5
8.1
153.8
145.7
15.0
147.5
132.5
24.4
142.9
118.5
21.4
148.2
126.8
21.0
153.7
132.7
8.4
154.1
145.7
9.1
156.8
147.7
269.5
102.2
73.5
167.3
303.3
111.6
77.3
191.6
339.0
124.4
84.3
214.5
265.1
100.1
73.1
165.0
269.3
100.1
72.5
169.3
277.8
104.4
74.4
173.5
288.0
106.1
74.9
181.9
298.0
108.9
75.9
189.1
308.6
113.5
78.2
195.1
318.5
118.1
80.2
200.4
325.6
120.3
82.0
205.3
333.2
122.4
83.4
210.9
343.2
124.6
84.6
218.6
353.8
130.4
87.1
223.4
354.7
129. 2
86.2
225.5
363.1
132.3
88.4
230.8
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential
Change in business inventories
Nonfarm
Net exports of goods and services
Exports
Imports
do _
do
do
Govt. purchases of goods and services, total -do
Federal
-do
National defense
_- _do
State and local
do
By major type of product:!
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services _
Structures
do
do
do
do
__do
do
_
Change in business inventories..
Durable goods
Nondurable goods
.
_do
do
do
r
l, 288.6
580.9
229.6
351.3
560.5
147.2
'17.9
10.9
7.0
1,273.0 1,302.1 1,326.1 1,360.0 1,386.4 1,424.2 1,439.4 1,468.4 1,512.3 1,550.6 1,592.5 1,621.4 1, 659. 7
727.5
744.0
705.4
724.0
664.8
691.0
621.9
643.0
642.8
586.7
599.8 608.4
571.8
294.9
286.3
280.6
272.0
247.6
249.5
263.8
240. 2
228.3 230.1 230.7
232.3 240.6
449.0
441.1
443.3
395.4
369. 0
402.6 415.3 427. 2 433.4
343.5 356.6
376.1
381.3
758.4
742.6
700.2 719.5
684. 2
666.3
553.2 567.0
605.1
633.8
614.6
652.8
580.1
157.3
151.3
149.1
137.2
145.0
147.4
137.1
148.4
146.2
143.8
148.0
146.5
150.0
13.3
14.8
'7.3
rl5.4 ' 15. 4 ' 29.0 rl2. 6 '13.0
' -14.6
'9.7 '• -22.2 ' -30.0 '-2.0 ' -4.3
5.2
-3.6
-7.0 -10.6
5.1
12.1
2.2
14.5 -15.4 -15.3
-12.1
10.9
6.6
11.8
8.1
18.5
6.3
2.3
5.0
4 7
10.8
-6.8 -14.7
3.6
16.9
-2.6
4.5
6.0
1,402.5 1,531.0
696.3
629.0
240.2
266.5
388.8
429.8
626.6
692.5
146.9
142.1
'10.7
7.1
3.6
GNP in constant (1972) dollarsf
Gross national product, totalf
bil.$_. '1,235.0
Personal consumption expenditures, total, .do
Durable goods
Nondurable goods
Services
do
do ..
do
Gross private domestic investment, total.. .do
Fixed investment
Nonresidential
Residential
Change in business inventories
Net exports of goods and services
do
do .
do
do
do
1,214.0 1,191.7
1,231.1 1,236.3 1,242.6 1,230.4 1,220.8 1,212.9 1,191.7 1,161.1 1,177.1 1,209.3 1,219.2 1,246.3 1, 259. 7
808.7
800.7
783.9
775.3
764.7
748.1
767.5
761.9
765.9
754.6
766.8 770.4
761.8
767.7
759.1
770.3
121.8
309.3
336.5
112.3
303.5
343.4
111.9
306.1
352.4
123.0
307.8
336.0
121.2
310.6
338.7
118.1
308.0
339.7
114.9
305. 1
341.8
207.2
182.0
137.8
207.4
204.9
211.8
190.7
131.0
59.7
16.5
173.5
128.5
45.0
8.5
149.8
111.4
38.4
-12.0
192.6
130.7
62.0
14.8
190.8
132.5
58.3
14.1
186.4
132.4
54.0
25.4
7.6
16.5
22.6
5.7
9.3
12.9
Govt. purchases of goods and services, total, do
252.5
256.4
251.2
251.8
261.0
Federal
_
do
96.6
95.3
95.2
96.3
95.7
State and local
do
155.9
161.1
165.2 I 154. 9
156.6
r
Revised.
* Preliminary.
f Revised series . Estim ates of national income and
product and personal income have been revised ba ck to 19'73 (see p . 24 fl. of the July 1976
118.0
309.5
356.4
124.3
314.6
361.8
124.6
317.7
366.5
148.7
147.0
167.1
170.5
149.7
110.1
39.6
-1.0
152.5
110.5
41.9
-5.5
156.7
112.6
44.1
10.4
161.0
115.2
45.8
9.5
22.8
23.1
16.6
15.8
115.0
304.0
342.9
116.1
304.9
343.7
103.1
299.8
345.1
108.0
300.6
348.0
108.4
307.2
351.8
115.1
308.8
353.4
194.8
187.9
176.2
169.1
129.3
126.2
183.4
133.5
49.9
11.4
178.5
131.6
47.0
9.4
171.1
127.3
43.9
5.1
161.1
121.8
39.3
8.0
149.8
114.4
35.4
-20.5
147.4
110.6
36.8
21 2
18.4
14.9
14.9
17.7
20.1
24.3
264.6
261.9
265.2
262.4
256.1
259.1
257.1
256.9
257.1
255.4
252.0
96.7
95.4
97.2
95.6
95.3
95.4
94.8
94.3
95.8
95.3
94.7
167.9
166.6
166.9
168.0
162.2
163.8
161.3
161.5
157.7
161.4
160.1
SURV EY); revisions pri or to M ay 1975 for perso nal income appe ar on p 32 of t he July
1976 S URVEY.
9 Inc ludes da ta for ite tns not srlown sep arately.
S-l
215-400 O - 76 - SI
SURVEY OF CURRENT BUSINESS
S-2
1973
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes areas shown in
the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual total
1973
1975
1974
IV
III
July 1976
I
II
III
IV
I
1976
III
II
IV
I
II*
III
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
I
NATIONAL INCOME AND PRODUCTf— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
Implicit price deflators :t
Gross national product
Index 1972=100
Personal consumption expenditures
do
Durable goods
do
Nondurable goods
do
Services
do
Gross private domestic investment:
Fixed investmentdo
Nonresidential
do
Residential
do
Govt. purchases of goods and services
Federal
State and local
do
do
do
National income totalf
bil. $
r
r
116 41
116 9
108.3
124 0
113 5
127 25
126 3
117.7
133 7
122 7
106 57
106 2
101.9
108 9
105 3
109 05
108 8
102.5
113 0
107 1
111 56
112 0
103.2
118.2
109. 5
114. 64
115.3
106.5
122. 3
112.1
118. 03
118 6
110.2
125.9
114.9
121. 60
121 8
113.8
129.6
117.4
124 55
123 7
115. 1
131 2
119 7
125. 93
125 1
117.1
132.1
121.5
128. 07
127.3
118.2
135.1
123.6
130. 27
129. 1
120.2
136.2
125.9
131. 29
130.3
121.8
136.4
128.0
132. 81
131.6
123.7
138.9
129.8
106.0
103 8
110 8
117 7
116 1
122 3
132.4
132 1
133 2
107. 2
104 6
113 2
108.6
108 0
115 0
111.1
108 7
117.5
115.3
113.2
121.0
120. 3
118.6
125.3
125.2
124.7
126.7
129.9
129 4
131 5
131.9
131.8
132.1
132.7
132.7
132.8
134.9
134. 5
135.9
137.0
136.2
139.0
138.5
137.5
141.0
106.7
105 8
107.3
118.3
117 1
119 0
129.9
130 0
129 8
107.0
105 2
108 1
110.3
110 7
110 0
112.7
111.3
113.6
116.4
114.9
117.2
120.0
118.4
121.0
124.0
123.8
124.1
126.7
126 8
126 5
128.6
128.4
128.7
130.8
130.4
131.0
133.4
134.2
132.9
135.4
135.4
135.4
137.2
136.8
137.4
1 135 7 1 207 6 1 073 6 1 102 7 1 113.5 1,125.6 1,147.6
1,156.3
1 149 7 1,182.7
1,304.7
105. 80
105 5
101.6
107 9
104.7
1 064 6
1,233.4
1,264.6
2
0
3
7
2
828 4
725 9
153. 1
572 8
102 5
846.3
739.7
155.5
584. 2
106 6
866.3
756.7
158.1
598.6
109.6
888.8
775.6
161.1
614.4
113 3
901.8
786.0
166.7
619.3
115 8
904.0
785.8
170.0
615.7
118 2
912.9
792.8
173.8
619.0
120.1
935.2
811.7
177.3
634.4
123.5
963.1
836.4
182.2
654.1
126.7
90 2
24.9
65.3
94 6
33.9
60.8
98 3
37.3
61.0
91.2
31.6
59.6
85.0
24.6
60.4
86.0
23.8
62.2
85.5
23.3
62.2
81. 1
17.9
63.2
86.8
24.1
62.7
95.5
29.2
66.3
97.2
28.3
69.0
93.2
21.9
71.4
100.0
27.5
72.6
21 0
22 4
21 5
21 5
20.9
20.6
21.0
21.5
21 9
22.3
22.4
22.9
23.3
23.1
do .
do
do
do
do
799.2
701.2
148.6
552.6
98 0
875 8
764 5
160.4
604 1
111 3
928 8
806 7
175.8
630 8
122 1
Proprietors' income with inventory valuation
and capital consumption adjustments,
total
bil. $
Farm
do
Nonfarm
_ __
do
Rental income of persons with capital consumption adjustment
bil $
92.4
32.0
60.4
86.9
25.8
61.1
21 6
Compensation of employees, total -Wages and salaries, total
Govt. and govt. enterprises
Other
Supplements to wages and salaries
Corp. profits with inventory valuation and capi-
807
708
149.
558
99
994.4 1,016.9
861.5
880.7
185.4
188.7
692.1
676.1
132. 9
136. 2
99 1
84 8
91 6
97 8
99 3
95 7
87.8
81 7
74 1
69 0
86.6
105 3
105 6
115.1
90.4
16.2
74 1
44 1
24.0
76.7
14.1
62 6
36 9
11.9
97.0
12.9
84 1
46 4
17.2
89.5
16. 2
73 3
43 0
23.7
90 3
15.7
74 5
43 1
21 2
81.4
14.8
66.6
39 4
15.6
80.8
14.0
66.8
39.0
12.1
75.1
14.6
60.5
37.7
10.7
69.5
13.1
56.3
31 6
9.0
72.1
13.9
58 2
29 7
8.4
91.7
12.5
79.2
43.5
14.8
111.4
12.1
99.3
57.0
24.3
112.7
12.9
99.8
55,3
21.1
121.9
14.0
107.9
61.2
23.7
do
83
6.8
60
11.2
7 9
6 2
83
6 5
80
7.7
57
14.6
6.4
9.0
6.3
10.1
57
11.0
50
5.5
7.3
6.3
9 5
6.5
9.7
6.4
8.6
7.7
do
do
do
. do
115 8
48 7
67.1
27.8
39 3
127 6
52 4
75.2
30.8
44 4
114 5
49 2
65 3
32.1
33 2
113 0
47 5
65 4
28.1
37 4
117 1
48 6
68 5
29.3
39 1
126.3
50.5
75.8
29.9
45 9
126.4
53.0
73.3
30.7
42.6
138.6
57.6
81.0
31.3
49 7
119. 2
48.6
70.6
31.1
39 5
94 2
40 2
54.0
31.7
29 3
105.8
44.8
61.0
31.9
29 1
126.9
54.8
72.1
32.6
39 5
131.3
57.2
74.1
32.2
41 9
141.1
61.4
79.7
33.1
46 6
_ .do
-18.6
19
52.3
-39.8
—3 0
67.1
-11.4
—11 5
74.6
-17.0
18
52.5
-19.1
14
55.3
-30.4
—.2
59.4
-36.6
-1.9
65.9
-53.4
-3.5
70.0
-38.8
—6.3
73.2
-16.5
—8 6
73.7
-7.8
-11.4
74.0
-9.0
-12.6
74.9
-12.3
— 13.5
75.8
-11.5
-14.5
78.6
Corp. profits with invent, val. adj.:
Domestic total
Financial
Nonfinancial total 9
do
do
do
Durable goods
do
Transportation, communication, ^and
Rest of the world
Profits before tax total
Profits tax liability
Profits after tax
Dividends
'
Inventory valuation adjustment _
Net interest
do
34.4
-14.2
-15.4
80.3
DISPOSITION OF PERSONAL INCOME f
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
Less' Personal tax and nontax payments
Equals* Disposable personal income
Less' Personal outlays©
Equals: Personal saving§
_
b'l $
do
do
do
do
r
a,
1 052 4 r i 153 3 rl 249 7 rl 064 3 '1 095 5 1 109 7 136.8 1,172.5 1 194 1 rl 203 1 1 230.3 '1,265.5 l 299.7 '1, 331. 3 1,361.4
167.4
142.2
174.5
189.6
183.8
161.3
178.3
174.0
179.8
152 9
179 3
157 8
150 8
' 170*4 168 8
969.5 998.0 1,015.8 1 023.8 1,088.2 1,091.5 1,119.9 1, 147. 6 1,171.8
948.4
982 9 1 080 9 911 4
937 7
901 7
983.6 1,011.1 1,036.2 1,068.0 1,089.3
875.8 901.6 930.4
935.0
910.7
856 6
956 7
831.3
996.9
839 8
67.8
104.5
79.5
82.5
80.5
67.6
83.7
80.8
72.6
67.2
72.2
70.3
81.1
84.0
71.7
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals :
All industries
Manufacturing
Durable goods industries!
Nondurable goods industries 1
Nonmanufacturing _
Mining
Railroad
Air transportation
Other transportation
bil. $
do
... do ...
do
99.74
38.01
19.25
18.76
112. 40
46.01
22.62
23.39
112. 78
47.95
21.84
26.11
25.04
9.62
4.84
4.78
28.48
11.43
5.84
5.59
24.10
9.49
4.74
4.75
28.16
11.27
5.59
5.69
28.23
11.62
5.65
5.96
31.92
13.63
6.64
6.99
25 82
10.84
5.10
5.74
28.43
12.15
5.59
6.55
27.79
11.67
5.16
6.51
30.74
13.30
5.99
7.30
25.87 i 30. 51 i 30. 49
13.31
13.08
10.96
5.73
5.64
4.78
7.58
7.43
6.18
do
do
do
do
do
61.73
2.74
1.96
2.41
1.66
66.39
3.18
2.54
2.00
2.12
64.82
3.79
2.55
1.84
3.18
15.42
.69
.48
.57
.44
17.05
.71
.56
.60
.47
14.61
.68
.50
.47
.34
16.89
.78
.64
.61
.49
16.61
.80
.64
.43
.58
18.29
.91
.78
.48
.71
16.28
14.98
.91 ' .97
.71
.59
.47
.44
.77
.62
16.12
.94
.62
.50
.85
17.44
.97
.62
.43
.93
14.91
.92
.49
.26
.72
17.43
.95
.56
.43
.86
17.18
.95
.56
.34
.80
do
do
do
do
do. - .
18.71
15.94
2.76
12.85
21.40
20.55
17.63
2.92
13.96
22.05
20.14
17.00
3.14
12.74
20.60
4.82
4.04
.77
3.19
5.24
5.36
4.54
.82
3.53
5.83
4.38
3.85
.52
3.19
5.05
5.30
4.56
.75
3.60
5.46
5.20
4.42
.78
3.39
5.57
5.67
4.80
.87
3. 78
5.97
4.42
3.84
.58
3.11
4.88
4.94
4.15
.79
3.22
5.19
5.07
4.16
.91
3.14
5.00
5.70
4.85
.85
3.26
5.52
4.79
4.18
.62
2.92
4.82
5.74
4.90
.84
5.82
4.87
.96
28.88
* 8. 71;
do
do ..
do. . _
do...
100.90
38.81
19.73
19.08
103.74
40.61
20.48
20.13
107. 27
42.96
21.43
21.53
111.40
45.32
22.50
22. 82
113.99
47.04
23.08
23.96
116. 22
48.08
23.28
24.80
114.57
49.05
22.86
26.20
112.46
48.78
22.59
26. 19
do ..
do
do
do
do
62.09
2.82
1.95
2.49
1.79
63.12
2.76
2.05
2.20
1.73
64.31
2.80
2.10
2.13
1.63
66.08
3.07
2.42
2.21
1.84
66.94
3.27
2.68
1.84
2.16
68.14
3.56
3.05
1.81
2.71
65.52
3.76
2.39
2.09
2.82
63.68
3.78
2.70
1.60
2.75
.
Public utilities
Electric.
Gas and other__
Communication
Commercial and other
Seas. adj. qtrly. totals at annual rates:
All industries
._
Manufacturing
... . .
Durable goods industries f
Nondurable goods industries 1
Nonmanufacturing
Mining. _
Railroad __
Air transportation
Other transportation
Public utilities
do
18.58 19.80
Electric
..
do
16.72
16.00
Gas and other
do
3.08
2.58
13.24
Communication
..
do
13.12
Commercial and other
do...
21.35
21.36
T
Revised.
» Preliminary.
i Estimates (corrected for systematic biases) for Apr.June 1976 and July-Sept. 1976 based on expected capital expenditures of business. Expected
2
expenditures for the year 1976 appear on p. 17 of the June 1976 SURVEY.
Includes com.
munication.
fSee corresponding note on p. S-l.
9 Includes data for items not shown
112.16 111. 80
47.39 46.82
21.01 21.07
26.38 25. 75
64.76
3.82
2.75
2.12
2.99
64.98
3.82
2.39
1.65
3.56
114.72 1121.14 i 123.00
54.06
52.28
49.21
23.42
22.68
21.63
30.64
29.60
27.58
65.51
3.83
2.08
1.18
3.29
68.86
3.68
2.16
1.47
3.32
68.93
3.85
2.37
1.45
2.96
22.81
22.90
21.91
20.91
19.79
19.52
20.93 20.28
20.97 20.16
20.12
19.54
19.46
17.92
18.56
16.41
16.58
17.76
17.47
17.03
18.10
17.12
3. 36
3. 35
3.36
3.00
3.21
3.17
3.11
2.68
3.25
2.87
3.00
12.54
12. 95
14.04
12. 50
14.01
13.36
13.94
13.83
2
35. 41
20.68 2 35. 42
20.44
22.04
22.84
20.83 20.34
20.82
21.63
21.69
separately.
0Personal outlays comprise personal consumption expenditures, interest
paid by consumers to business, and personal transfer payments to foreigners (net).
§Personal saving is excess of disposable income over personal outlays.
.
IfData for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.
July 1976
SURVEY OF CTJKKENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1973
1973
1975
1974
I
Annual total
S-3
II
1975
1974
IV
III
I
II
III
1976 P
1
IV
II
III
IV
I
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. BALANCE OF INTERNATIONAL
PAYMENTS
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
102, 154
military grants)
mil $
Merchandise, adjusted, excl. military
do
71, 410
Transfers under U.S. military agency sales con2,342
tracts
mil $
13, 997
Receipts of income on U.S. assets abroad ..do
Other services
do
14, 405
144, 773 148, 410
98,310 107, 133
2,952
26, 233
17, 278
-98, 249 -141,187
Imports of goods and services
do
-70,499 -103,679
Merchandise, adjusted, excl. military
do
-4, 629 -5, 035
Direct defense expenditures
do
Payments of income on foreign assets in the
-8, 819 -16, 006
US
mil $
-14,303 -16,466
Other services
do
Unilateral transfers (excl. military grants), net
mil. $.. -3, 883
-1,938
U.S. Government grants (excl. military)
do
-1,945
Other
do
3,897
18, 219
19, 162
22, 342
15, 417
24, 166
16, 960
26, 308
18, 463
29, 340
20, 570
33,382
22, 460
35, 667
24, 212
37, 234
25, 036
38, 491
26, 602
36, 945
27, 020
35, 767
25, 848
37, 098
26, 610
38, 600
27, 655
38, 596
26, 939
347
3,123
3,455
455
3,304
3,447
531
3,576
3,738
1,009
3,995
3,766
638
6,217
4,067
683
6,550
4,222
781
7,046
4,371
850
6,420
4,619
915
4,376
4,634
807
4,474
4,638
978
4,660
4,850
1,197
4,709
5,039
1,158
5,419
5,080
-132,141 -22,789 -24,070 -24,823 -26,569 -30,563 -35,613 -37,449 -37,562 -34,350 -30,716 -32,813 -34,264 -37,538
-98,150 -16,360 -17,208 -17,742 -19,189 -22,605 -25,700 -27,374 -28,000 -25,585 -22,598 -24,511 -25,45o -28,447
-4, 780 -1, 169 -1, 231 -1, 067 -1, 162 -1,153 -1,298 -1, 265 -1,319 -1,317 -1, 185 -1,093 -1, 185 -1, 162
-12,212 -1, 799 -2, 096 -2, 413 -2,511 -2, 933 -4,513 -4, 689 -3,871 -3, 252 -2, 943 -2, 978 -3, 039 -3, 290
-16,999 -3, 461 -3, 535 -3, 601 -3, 707 -3, 872 -4, 102 -4, 121 -4, 372 -4, 195 -3, 990 -4, 231 -4, 584 -4, 639
-7, 184 -4, 620
-5, 475 -2, 893
-1,710 -1,727
-759 -1,029
-361
-621
-398
-408
-909 -1, 187 -2, 977 -1,850 -1,261 -1,098 -1, 179 -1,146 -1,044 -1,251 -1, 138
-712
-615
-494
-658
-811
-748
-818
-660
-463 -2,606 -1,399
-434
-429
-415
-371
-451
-431
-433
-480
-724
-450
-438
-16,434 -33, 392 -31,131 -6,563 -2, 432 -1,569 -5, 872 -7, 915 -10,013
209 -1,434
220
17
-15
-210
-358
-607
-13
-2, 645
-574
365 -3, 463
-608 -1,042
1,389
267
-423
-13, 998 -32, 323 -27,061 -6,209 -2,027
-948 -4,814 -9,094 -9, 922
-4, 968 -7, 753 -6, 307 -2,467
-975
-549
-977 -1, 137 -1,485
U.S. assets abroad, net.
...
_ do
U.S. official reserve, net
do
U.S. Gov't, other than official reserve, net_._do
U.S. private, net ._ _ _
do
Direct investments abroad-.
do
18,519
6,299
12, 220
2,656
32, 433
10, 981
21, 452
2,745
-2, 107
4,557
4,602 -2, 769
B alance on merchandise trade
. _ . . . - do
Balance on goods and services
do
Balance on goods, services, and remittances _ _ do
Balance on current account
do
911
3,905
1,960
22
-5, 369
3,586
1,877
-3, 598
-943
8,983
-447
16, 269
-845
14, 542
11,650 -1,206
Unless otherwise stated in footnotes below, data
through 1972 and descriptive notes areas shown in
the 1973 edition of BUSINESS STATISTICS
1974
1975
Foreign assets in the U.S., net.
Foreign official, net
Other foreign, net
.
Direct investments in the U.S.
do
do
do -.
do
Allocation of special drawing rights
Statistical discrepancy
do
do
14, 879
6,336
8,544
2,437
10, 537
9,990
547
371
2,863
-344
3,207
583
2,700 2,420 5,906
-692 -2, 655 -1,072
3,392
6,977
5,075
1,309
990
711
11, 049
4,648
6,401
1,712
-5,210 -10,252 -8, 001 -7, 943 -4, 223 -10,964 -9,512
-342
-325
-29
137
-773
-1,003
89
-772
-674
-354
-937
-899
-840
-952
-3, 854 -9, 453 -6, 777 -7, 074 -3, 109 -10,101 -8,065
-770 -1,694 -1,580
-1,900 -3, 231 -1,510 -2, 334
7,612
3,149
4,462
31
7,867
4,256
3,611
-307
2,837
3,402
-565
476
3,907
2,400
2,331 -1,985
4,384
1,576
-48
780
5,736
2,587
3,148
1,229
5, 018
3,325
1,693
-689
-925
131 -1,417
2,143
4,574
503 -1,707
1,868
2,167
2, 554
3,748
721
1,485
1,070
576
1,381
2,771
2,047
1,584
-145 -1,488 -2, 338 -1,398
54
2,819
-215
929
491
2,448
-397
-665
-169
-158 -1,796 -1,476
1,435
2,595
2,164
1,416
761
Memoranda:
Annual
-248
96
-312
-933
June
July
Aug.
2,199 -1,508
1,058
4,336
578
3,903
3,085
-80
1976
1975
May
2,099
4,285
3,856
3,241
3,250
5,051
4,617
3,905
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
Jun e p
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:t
Total personal income
bil. $_- '1,153.3
1,249.7
1308
'1,277.1 ' , 9 . '1,300.2 '1,308.2 ' , 2 . '1,331.4 '1,341.9 '1,352.5 1,362.9 1,368. 9
1208
'1,223.7 '1,253.7 '1,252.0
Wage and salary disbursements, total
do
Commodity-producing industries, total-do
Manufacturing
do
Distributive industries
do
765.0
273.9
211.4
184.4
806.7
275.3
211.7
195.6
792.5
268.9
206.7
192.6
797.4
269.9
207.6
193.3
802.9
272.5
209.2
194.4
813.0
276.4
212.9
197.9
819.1
279. 8
215.5
198.2
828.5
282.9
218.1
200.9
836.6
285.7
220.1
202.5
844.0
288.6
222.8
203.5
854.2
292.8
227.2
206.5
861.4
294.9
229.4
208.8
298.4
232.2
209.8
876.9
301.7
234.8
212.3
883.3
303.5
235.8
213.9
882.1
303.4
235.5
211.7
Service industries
Govt. and govt. enterprises
Other labor income
Proprietors' income:A
Farm _
Nonfarm
do
do
do
145.9
160.9
55.5
159.9
175.8
62.5
157.2
173.8
61.4
159.4
174.8
62.0
160.0
176.0
62.6
161.6
177.1
63.3
162.4
178.8
63.9
163.6
181.1
64.5
166.0
182.4
65.2
168.8
183.2
65.8
170.8
184.2
66.4
172.4
185.4
67.1
174.1
186.6
67.7
175.3
187.6
68.4
177.2
188.7
69.0
177.4
189.7
69.7
do
do
25.8
61.1
24.9
65.3
24.1
62.9
27.3
63.3
28.6
65.4
29.6
66.5
29.4
67.0
29.2
68.3
28.4
68.7
27.3
69.9
24.6
70.6
21.1
71.3
20.0
72.2
23.3
72.7
27.5
72.5
31.6
72.7
Rental Income of persons, with capital con22.4
22.4
22.4
sumption adjustment
bil. $.
21.0
Dividends
do...
32.1
32.0
31.9
30.8
Personal interest income
do_-_
109.7
101.4
110.7
108.9
189.2
175.2
169.2
Transfer payments
do...
140.3
49.6
Less personal contributions for social insurance bil. $.
50.0
49.5
47.6
Total nonfarm income
do.
1,117. 3 1,213.4 1,188.6 1,215.4
22.7
23.4
23.4
23.3
23.2
23.3
22.9
22.9
22.9
22.5
22.4
22.5
35.9
33.9
33.4
33.0
33.3
32.9
30.8
32.6
32.9
32.9
32.9
32.3
121.3
117.9
119.3 120.0 120.7
113.2
114.4
115.5
112.1
116.7
110.9
110.1
187.1
189.2
188.7 187.1
183.4
191.3
182.1
182.1
185.3
180.7
179.3
177.3
54.4
54.1
54.4
53.4
53.7
51.4
51.0
50.2
50.7
53.1
50.4
49.8
1, 212. 2 1, 226. 5 1, 236.1 1,249. 9 1,260.0 1, 269.1 1, 284.4 1,298. 6 1,310.1 1,317.3 1,323.4 1, 325.0
FARM INCOME AND MARKETING*
Cash receipts from farming, including Government
payments, totalj
mil. $__'93,178
• 90,370
• 5,885
• 6,676 ' 7,841 ' 7,856 • 8,965
11,541
' 9,196
• 6,442 ' 6,243 ' 6,305 ' 6,179
• 8,120
530
6,211
2,318
3,893
978
2,342
538
6,253
2,150
4,103
960
2,555
541
6,163
2,253
3,910
1,012
2,257
592
7,800
3,700
4,100
1,000
2,500
600
'179
'173
183
'174
'151
'192
'175
'140
202
'173
'147
r
192
219
244
200
do
do--.do
do
do
_do
92,648
51, 271
41,377
9,445
25,193
6,253
89,563
46,661
42,902
9,866
25,811
6,739
5,853
2,286
3,567
856
2,153
512
6,662
3,043
3,619
822
2,209
547
7,815
4,174
3,641
817
2,170
611
7,812
4,210
3,602
817
2,122
620
8,919
4,865
4,054
818
2,543
652
11,465
7,052
4,413
855
2,847
672
9,147
5,344
3,803
847
2,322
601
8,043
4,260
3,783
923
2,246
572
8,501
4,657
3,844
957
2,270
578
6,389
2,663
3,726
Indexes of cash receipts from marketings and CCC
loans, unadjusted :J
All commodities
_1967 = 100..
Crops
do.
Livestock and products
do.
'216
'209
••278
170
^253
'176
'164
'149
'176
••187
'198
'178
'219
'272
'179
'219
'274
'177
'250
'317
'199
'321
'459
'217
'256
'348
'187
'225
'277
'186
'238
'303
'189
Farm marketings and CCC loans, total
Crops
Livestock and products, total?
Dairy products
Meat animals
Poultry and eggs
Indexes of volume of farm marketings, unadjusted:J
All commodities
1967=100..
'116
111
115
'91
'101
Crops
do.
'97
'135
'121
'71
'128
Livestock and products.
do.
'104
104
'103
'106
'105
' Revised.
P Preliminary.
fSee corresponding note on p. S-l. AIncludes inventory valuation and capital consumption adjustments.
{Series revised beginning 1973;
115
'92
'91
'94
'99
'130
'176
' 146 '125
'115
'131
119
'70
'66
'74
'90
'162
'154
'196
'132
'157
'247
113
' 111 '106
'110
'105
'107
'105
'104
'126
'113
revisions for periods prior to May 1975 are available from the U.S. Dept. of Agr., Economic
Research Service. 9 Includes data for items not shown separately.
S-4
July 1976
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975edit ion of BUSINESS STATISTICS
1974
1975
Annual
1975
May
June
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May?
June*
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION^
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
117 8
119 2
114 5
121 4
125 9
125 4
123 8
119 8
122 1
127 9
128.6
128.7
130.0
133.2
do
do
do
do
do
do
do
119.3
118.2
124 0
121.4
125.1
110.2
123.1
115.5
122 2
121.6
128 8
127 2
129.4
111 8
124.4
114 6
117 9
116.4
122 4
112 7
126.2
108 1
123.7
109 2
123.9
122.0
130 8
122.9
134.0
109 8
130.8
117 5
128 8
127 6
137 2
137 3
137.1
114 3
133.4
121 4
126 7
125.1
134 9
140 1
132.8
111 6
132.8
123 5
124 0
122 2
130 4
134 1
128. 9
110 9
130.5
123 5
118 7
117.2
122 6
122 5
122.7
109 7
124. 1
121 3
121 1
120 2
128 0
131 1
126.8
109 5
124.5
123 7
127 0
125.7
135 0
141 9
132.2
113 0
131.8
129 6
127.5
125.8
135 1
144.0
131.6
113.1
133.6
130.3
127.4
125.3
134 9
144.6
131.1
112.1
135.4
130.6
128.4
126. 2
136.0
147.0
131.5
113.0
136.2
132.3
132.9
131.1
141.8
150.7
138.2
116.3
139.5
133.8
do
Total index
128.5
129 1
129 4
133.5
129 7
126 3
127 9
129 8
134 6
132 6
129.9
128.5
127.5
130.9
do
do
do
116.3
126.4
109.3
117.9
129 2
110.0
112.4
124 4
104.1
119.7
134.5
109.4
125.4
139 3
115.7
125.3
139 5
115.5
123.2
136 6
113.9
118.3
129 4
110.7
120.4
131 5
112.8
127.4
138 8
119.5
128.4
140.0
120.4
128.7
139.8
121.1
128.0
135.5
122.8
133.4
144.7
125.6
1967-100
By market groupings:
Products total
Final products
Consumer goods
Durable consumer goods
Nondurable consumer goods
Equipment
Intermediate products
Materials
__
By industry groupings:
Mining and utilities
Manufacturing
_.
Nondurable manufactures
Durable manufactures
.
_
Seasonally Adjusted
1967=100..
129.3
117.8
113.7
116.4
118.4
121.0
122.1
122.2
123.5
124.4
125.7
127.3
128.1
128.6
129.5
129.9
do
do
do
Total index
127.3
125.1
128.9
119.3
118.2
124.0
116.2
115.6
120.4
118 8
118.2
124 3
120.9
119.7
126 6
122.3
120.8
127.5
122 8
121.5
129 0
122.4
120.9
128 7
123 8
122.3
131 1
124.9
123.5
132 3
126 0
123.9
133 1
127.4
125.3
134 9
128.1
126.4
136.1
128.2
126.4
135.9
128.7
126.8
136.3
129.0
127.2
136.6
By market groupings:
Products total
Final products
Consumer goods
do
do
do
do
do
121.4
125.9
113.7
101.1
156.6
121 4
128.9
116.2
102.5
161.1
126 6
137.0
127.6
114.2
160.5
129.2
139.1
130.2
116.3
161.8
132 2
142.1
133.9
118.5
162.7
131 9
140.8
133.6
119.1
159.0
132 5
143.2
134.7
120.9
164.9
134 0
147.7
140.0
122.8
167.0
134 7
142.8
133.4
118.9
167.4
137 9
148.9
142.0
125.8
166.5
140.3
155.2
149.5
133.6
169.5
141.0
155.1
151.1
134.3
165.1
142.7
154.0
152.0
134.4
158.9
143.3
154.5
154.0
136.9
157.8
Home goods
do
Appliances, air cond., and TV__ do
Carpeting and furniture
do
118.8
98.0
126.8
117.3
96.6
123.9
120.8
107.1
125.4
123.5
105.8
134.3
126.7
107.0
141.1
127.0
105.3
141.9
126.5
100. 9
144.7
126.4
101.1
142.0
130.3
107.8
144.8
131.7
112.6
145.6
132.0
114.6
141.4
133.1
117.6
142.3
136.5
121. 4
142.1
137.1
122.9
125.1
111 6
128.8
129 8
135.8
125.5
110 0
129.8
123 9
136 7
126.7
113 2
130.6
125 1
137 0
126.9
117 5
129.6
125 1
134.9
127.6
116 8
130.7
125 2
137 1
i27. 4
120 4
129.3
125 3
133.8
130.6
123 2
132.5
127 6
138 2
131.5
123 9
133.6
127 2
141.0
132.5
127 4
133.9
128 5
140.2
133.9
127 6
135.7
129 9
142.3
134.4
130.1
135.6
129 0
143.3
133.9
129.7
135.0
19.7 9
143.3
133.9
134.0
134.5
127 9
142.3
134.8
Durable consumer goods
Automotive products
Autos and utility vehicles
Autos
Auto parts and allied goods
Nondurable consumer goods
Clothing
Consumer staples
Consumer foods and tobacco
Nonfood staples
Equipment
Business equipment
Industrial equipment 9
Building and mining equipment
Manufacturing equipment
Commercial, transit, farm eq. 9
Commercial equipment
Transit equipment
do
do
do
do
do
120.0
142.4
do
do
do
110.2
128.2
121 2
168.3
99.9
136.3
157.8
101.9
109.8
126.6
120 2
165 6
99.8
110.0
127.3
120 0
168 8
100.0
111.4
129.9
121 8
172.4
100.8
111.3
129.2
121 9
170 5
100.7
110.0
128.8
122 1
172.9
100.5
110.0
129.6
123 0
174 9
99.9
111.5
131.6
124 5
172.9
101.3
111.2
131.0
123 5
171 4
101.2
112.1
132.6
124 0
171.5
102.7
112.9
134.0
125.6
172. 1
104.4
113.2
134.5
125.3
170.7
105.4
113.8
5.8
7.2
.4.6
106.5
133.9
153 9
102.2
109.2
126.0
135.8
157 8
104.0
139.1
161.8
104.6
137.8
160 4
104.4
136.4
158 5
102.4
137.2
159 5
102.8
139.7
164.4
102.9
139.7
165.0
100.2
142.4
166.6
103.7
143.7
168.5
104.7
145.2
170.0
107.9
145.6
170.8
107.4
146.4
171.8
108.0
_.
_
.
Oil and gas extraction 9
Crude oil
Natural gas
Stone and earth minerals
80.6
81.2
78.5
77.3
77.7
78.0
77.6
77.4
77.3
77.0
77.2
118.1
120.8
112 6
128 9
125.0
116 8
133 1
127.9
121.3
134 3
127.6
122 3
132 8
128.0
122.7
133 3
129.3
123.1
135 4
129.9
124.1
135 9
133.6
126.8
140 3
135.3
129.6
140 9
134.9
128. 7
141.2
134.9
128.1
141.7
135.4
130.0
140.8
135.4
129.6
132.4
115. 5
109 1
97.7
118.9
126.6
129.0
117 2
109.8
112.6
104 3
95.3
113 0
123.2
125.7
119 2
114.5
107 3
99.2
114.8
127.1
128.6
116 5
119.0
112.9
108.7
117.4
131.6
134.3
118.3
121 0
114 5
110.8
119 0
138.8
142. 9
114 5
122.0
114 6
107.2
120.6
140.3
144.9
117 0
123.1
115 2
109.3
122.3
141.3
146.2
119.7
123.3
115 5
111.6
123.9
142.6
147.9
118.7
125.3
118 3
111.7
125.7
142.9
147.5
120.6
127.3
121 6
116.7
127. 5
145. 5
150.5
118.8
128.2
122.4
118.5
128.5
146.7
152.7
119.6
129.1
124.1
119.2
130.5
146.8
152. 1
118.8
130.9
126.9
122.7
133.1
147.3
152.1
120.1
131.4
128.1
124.5
134.0
147.3
152.4
119.9
do
do
do
do
128.7
128.5
112.8
115.8
113.4
127.3
129.7
113.3
111.9
122.4
127.2
110.8
107.0
105.5
129.0
111.6
115.0
112.9
127 2
111.6
113.5
112.6
127.9
113.8
112.5
122.2
130.5
114.2
118.1
125.6
129.2
112.9
117.9
109.9
131.8
113.6
122.2
111.2
131.5
112.7
124.2
109.6
131.6
113.9
122.3
114.4
131.0
113.7
124.3
114.4
131.6
114.0
118.3
119.2
131.5
114.3
114.4
95 3
112 2
99.3
113.0
94.4
112 4
105.6
112.4
93.7
112.3
103.9
111.8
92.9
109 9
108.0
113.1
94.5
110 9
110.9
112.3
94.0
108.1
112.1
113.1
94.3
109.6
111.5
112.5
94.8
108.0
117.1
110.1
91.2
106.2
120.0
111.9
93.2
106.5
119.3
111.7
93.7
112.1
93.5
112.2
117.5
117.3
148.1
164 6
145.5
160 0
148.3
164.7
144.6
159 0
143.8
157 3
148.8
165 5
147.2
162 3
152.0
167 4
152.5
168 7
151.4
150.5
151.3
150.6
114.6
125.5
124.3
101.7
109.8
147.6
117.0
128.1
125.4
101.1
105.1
151.3
119.7
130.5
125.8
99.6
105.1
149.3
121.4
132.9
126.2
102.3
109. 9
148.4
121.2
123.6
126.4
99.8
110.5
144.3
122.7
136.2
128.8
101.5
112.4
151.8
123.6
136.9
128.5
104.1
112.3
153.0
125.2
138.4
129.2
104.3
112.8
154.0
127.0
140.2
130.8
108.5
112.5
157.6
127.9
140.7
128.3
114.0
113.0
144.3
128.4
140.6
129.2
107.7
113.6
149.2
129.0
140.7
130.8
103.7
112.8
150.5
129. 7
140.7
109.9
124 2
105.1
113.9
114.1
127 8
106.3
116.5
110.5
130 0
112.8
120.5
114.1
138 3
111.5
124.5
113.9
137 5
115.9
126.5
118.5
141 6
118.3
127.7
116.0
139 0
121.2
129.5
117.3
137 6
123.8
130.3
118.8
138 7
128.0
133.0
122.4
136 4
126.3
132.2
115.5
135.7
126.2
133.9
138.0
134.4
134.4
121.0
170.6
159.5
122.0
168.5
160.0
120.9
168.1
160.7
120.6
80.0
113.3
94.9
111 0
107.0
do
do
Manufacturing
Nondurable manufactures
Foods 9
Meat products
Dairy products
Beverages
Printing and publishing
Chemicals and products
Basic chemicals
81.0
123.1
116.3
129 8
do
do
do
do
do
Utilities
Electric
Tobacco products
Textile mill oroducts
Apparel products
Paper and products
81.6
135.3
do
do
do
do
do
do
do
Materials
Durable goods materials 9
Durable consumer parts
Equipment parts
Nondurable goods materials 9
Textile paper and chemical
Energy materials
146.0
160 8
do
. do
do
do
do
do
•
do
do
do
do
do
do
do
129.4
134.6
116.3
126.4
123.4
102.6
109.3
145.8
94.2
112 3
111.8
120.8
97.9
110.2
144.1
111.8
122 3
107.6
116.3
113.4
147.3
136 0
130 9
113.3
144.7
129 4
115.5
147.1
128.0
127.1
124.1
122.8
Petroleum products
do
173.2
164.7
166.7
Rubber and plastics products
do
76.5
75.6
80.3
Leather and Droducts
do
T
p
Revised.
Preliminary.
• Estimated.
cTMonthly revisions back to 1967 will be
shown later.
9 Includes data for items not shown separately.
A Data for blast furnaces, steel mills reflect (back to 1958) adjustment of sales to annual totals
143.1
114.4
136.6
128.2
175.8
107.3
do
do
do
Defense and space equipment .
Intermediate products
Construction supplies
Business supplies
By industry groupings:
Mining and utilities
Mining
Metal mining
Coal
do
do
do
do
do
115.3
150.8
135.5
114.7
154.4
139 9
113.2
157.5
142.6
115.4
161.9
148.2
118. 4
163.3
149.0
120.0
162.9
150.8
121.0
167.6
154.7
122.4
135.5
133.0
131.7
131.8
129.1
130.8
125.1
126.3
125.7
126.8
124.9
198.2
189.0
103.5
180.4
185.2
188.4
196.7
187.6
185. 1
185.3
91.2
87.7
83.2
86.1
86.0
80.7
80.9
87.7
85.8
86.0
in the 1973 Annual Survey of Manufactures, a restatement of the level of new and unfilled
orders, and a recomputation of seas, factors. Revised monthly data are available from the
Bureau of the Census, Wash., D.C. 20233.
SIJEVEY OF CURKENT BUSINESS
July 1976
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1975
Annual
S-5
1975
May
June
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June*
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION}— Continued
Federal Reserve Board Index of Quantity
Output— Continued
Seasonally Adjusted— Continued
By industry groupings— Continued
Manufacturing— Continued
Durable manufactures
Ordnance pvt and govt
Lumber and products
Lumber
125.7
- 1967=100
do
do
do
109.3
76.6
107.6
93.9
105.5
109.3
76.6
110.6
96.3
112.3
76.5
113.6
103.9
113.5
75.9
115.8
98.4
112.7
72.0
116.8
101.1
113.4
70.0
114.1
101.6
114.4
70.1
116.4
97.1
115.8
69.9
123.5
108.7
117.9
69.5
123.9
105.1
119.0
69.5
121.1
101. 2
120.0
69.1
122.8
102.6
121.1
69.1
123.0
122.2
68.8
98.3
107.0
79.9
108.6
97.6
88.4
90.1
93.4
113.0
112.4
90.6
89.4
85.0
93.5
92.8
118.6
119.2
92.3
87.0
85.2
88.5
101.8
123.6
121.0
97.7
92.7
89.3
93.3
106.5
128.4
126.4
97.9
93.4
94.3
92.4
105.8
127.9
127.8
95.4
92.0
90.4
91.3
101.4
128.7
127.5
98.1
96.5
88.3
101.1
101.0
130.3
129.4
92.6
89.1
86.8
91.7
99.0
132.7
128.6
98.1
92.9
89.7
93.9
107.5
134.1
128.5
103.9
100.9
93.8
107.3
109.3
130.6
133.7
101.4
97.7
96.3
101.4
108.2
131.3
132.6
104.5
100.9
99.0
107.8
110.9
131.0
132.5
111.5
108.2
101.0
119.1
117.4
113.5
111.3
Furniture and
fixtures
Clay glass and stone products
Primary metals
Iron and steel
Basic iron and steel
Steel mill products
Nonferrous metals
--
do
do
do
do
do
do
do
118.2
117.9
96.4
95.8
92.9
99.5
97.5
Fabricated metal products
do
Electrical machinery
do
109.9
125.1
116.5
106.7
122.6
112.4
108.9
123.9
116.5
113.8
126.2
118.0
115.3
125.5
120.2
114.4
125.4
120.1
116.3
126.6
120.1
117.3
128.6
122.7
116.6
129.0
124.7
120.9
131.5
126.5
120.2
132.9
127.8
121.5
135.5
130.1
121.6
135.0
131.6
122.6
135.6
132.8
Transportation ecruipment
do
do
97.4
111.1
84.5
97.9
110.2
86.5
101.1
116.3
86.9
105.0
123.7
87.3
105.9
126.8
86.3
104.4
126.5
83.6
104.7
127.1
83.6
106.7
130.1
84.7
105.8
126.7
86.1
109.0
135.2
84.3
111.2
140.8
83.3
110.8
141.7
81.8
112.8
144.2
83.4
114.2
146.3
83.9
do
132.3
129.5
130.7
131.9
135.1
136.0
136.4
140.9
142.0
141.8
144.4
145.4
149.3
148.8
A
r\
'
t
pn
Instruments
BUSINESS SALES §
Mfg. and trade sales (unadj.), total A
Mfg. and trade sales (seas. adj.),totalA
Manufacturing, total A
Durable goods industriosA
Nondurable goods industries
mil. $.. 1,967,894 2,016,110 167,972 171,020 163,933 171,052 176,198 182,167 172,665 181,205 166,119 172, 930 189, 444 ' 190,118 188,485
1,967,894 2,016,110 7- 163,347 7- 165,877 7- 170,007 ' 172,150 ' 173,448 ' 174,847 7- 174,085 7- 176,259 179,027 182, 329 185, 488 r 187,074 186, 423
do
1 981, 985 i 992,687 79, 734 81, 039 83, 029 85, 210 86, 200 87, 403 86, 515 87, 616 89, 276 90.912 93,050 ' 93,848 94, 511
do
512,922 498, 325 40, 494 40, 757 41, 354 42, 444 43, 192 43, 607 42, 352 43, 681 44, 570 45,700 47,546 ' 47,741 48,537
do
469, 063 494, 362 39,240 40,282 41,675 42,766 43,008 43,796 44, 163 43, 935 44, 706 45,212 45,504 ' 46,107 45, 974
do
Retail trade totalcf
Durable goods stores
Nondurable goods stores
do
do
do
1
Merchant wholesalers total
Durable goods establishments
Nondurable goods establishments
do
do
do
i 448,127 i 439,000
202, 341 185, 922
245, 786 253, 078
537, 782 i 584,423 7-48, 171 r 48, 652 r50,411 '49,774 7-49,644 7-49,995 7-50,552 7-51,283
167,313 180, 725 14, 667 15, 006 15, 372 15,410 15,417 15, 772 15, 904 16, 239
370, 469 403, 698 33, 504 33, 646 35, 039 34, 364 34, 227 34, 223 34, 648 35, 044
35,442
15,024
20,418
36, 186
14,995
21,191
36,567
15,329
21,238
37,166
15,187
21,979
37,604
15,919
21,685
37,449
15,717
21,732
37,018
15,779
21,239
37, 360
16, 128
21, 232
51, 592
16, 730
34, 862
52,601
17,397
35,204
53,344 ' 53,696 52, 561
17,403 ' 18,046 17, 247
35,941 7- 35,650 35, 314
38, 159
16, 754
21, 405
38,816
17,052
21,764
39,094 ' 39,530 39, 351
17,006 ' 17,029 17, 103
22,088 7- 22,501 22, 248
BUSINESS INVENTORIES §
Mfg. and trade inventories, book value, end of year
or month (unadj. ), total
mil. $
Mfg. and trade inventories, book value, end of year
or month (seas adj.) , total
mil $
268,513
262, 801 266,735 264,342 262,275 260,949
262,128 267, 112 268,586 262,801 264,659 268, 047 271, 699 7- 273,307 274, 582
271,050
264, 770 264,335 263,749 263,345 264,662 265,087 266,867 266,064 264,770 266,285 267, 979 269, 637 7- 270,599 272, 531
Manufacturing, total
Durable goods industries
Nondurable goods industries
do
do
do
150,404
97, 967
52, 437
146, 574
95, 754
50, 820
Retail trade, totaled
Durable goods stores
Nondurable goods stores
do
do
do
74, 082
34, 649
39, 433
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
do
do
do
148,951 148,059 147,189 146,583 146,413 146,510
99,378 98,796 98,189 97,199 96,640 96,215
49,573 49,263 49,000 49,384 49,773 50,295
146,671 146,574 147,030 147,328 148, 150 7- 148,121 149, 166
95, 953 95, 754 95, 664 95,696 96,193 ' 96,133 96, 578
50, 718 50, 820 51, 366 51,632 51,957 ' 51,988 52, 588
73, 081
33, 592
39, 489
70,826
32, 086
38, 740
70,840
31, 909
38, 931
71,503
32,270
39,233
72, 578
33, 324
39, 254
73,049
33, 471
39,578
74,642
33, 813
40, 829
73,839
33, 712
40, 127
73, 081
33, 592
39, 489
73, 610
33, 510
40, 100
74, 344
33, 490
40, 854
75, 089
33, 920
41, 169
46, 564
27, 779
18,785
45, 115
27, 476
17, 639
44,558
27,652
16,906
44,850
27,605
17,245
44,653
27,244
17,409
45,501
27,266
18,235
45,625
27,369
18,256
45,715
27,566
18,149
45, 554
27, 532
18, 022
45, 115
27, 476
17, 639
45, 645
27, 998
17, 647
46,307
28,308
17,999
46,398 7- 46,826 47, 655
28,336 28, 441 29, 005
18,062 7- 18,385 18, 650
1.50
1.59
1.62
1.59
' 1. 55
1.54
1.53
'1.53
1.53
1.50
1.49
1.47
1.45
1.45
1.46
1.87
2.45
.82
1.04
.60
1.83
2.42
.80
1.03
.59
1.77
2.37
.78
1.02
.58
1.72
2.29
.75
.98
.56
1.70
2.24
.73
.95
.56
1.68
2.21
.71
.94
.55
1.70
2.27
.73
.97
.56
1.67
2.19
.71
.94
.55
1.65
2.15
.70
.91
.53
1.62
2.09
.68
.89
.52
1.59
2.02
.66
.86
.50
7-1.58
7-2.01
.65
.86
.50
1.58
1.99
.65
.85
.50
75, 652
33, 994
41, 658
75, 710
33, 936
41, 774
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total
ratio..
Manufacturing, totalA
Durable goods industries. A
Materials and supplies
Work in process
Finished goods
_
do
do
do
do
do
1.65
2.06
.67
.91
.48
1.80
2.36
.79
1.00
.58
Nondurable goods industries
Materials and supplies
Work in process
Finished goods
do
do
do
do
1.19
.47
.19
.53
1.23
.48
.18
.56
1.26
.50
.19
.58
1.22
.48
.18
.56
1.18
.46
.18
.54
1.15
.45
.18
.53
1.16
.45
.18
.53
1.15
.45
.17
.53
1.15
.44
.17
.53
1.16
.45
.18
.53
1.15
.44
.18
.53
1.14
.44
.17
.52
1.14
.45
.17
.52
1.13
.44
7- .17
.51
1.14
..45
.18
.52
do
do
do
1.54
2.22
1.23
1.49
2.20
1.17
1.47
'2.19
1.16
1.46
2.13
1.16
'1.42
7-2. 10
'1.12
'1.46
'2.16
1.14
1.47
2.17
1.16
1.49
2.14
1.19
'1.46
f 2 12
I.'l6
'1.43
7-2.07
7-1.13
1.43
2.00
1.15
1.41
1.93
1.16
1.41
1.95
1.15
7-1.41
7-1.88
7-1.17
1.44
1.97
1.18
1.13
1.45
.87
1.24
1.79
.84
1.26
1.84
.83
1.24
1.84
.81
1.22
1.78
.82
1.22
1.80
.83
1.21
1.72
.84
1.22
1.75
.84
1.23
1.74
.85
1.21
1.70
.83
1.20
1.67
.82
1.19
1.66
.83
1.19
1.67
.82
1.18
7-1.67
T-. 82
1.21
1.70
.84
43, 123
50, 679
4,385
4,224
4,584
4,468
4,001
4,475
3,788
4,184
4,346
4,390
4,711
4,673
4,211
4,152
4,797
4,355
4,156
4, 424-
4,431
4,592
5,161
4,838
5,108
5,008
5,316
5,111
981, 985
992, 687
80, 361
85, 580
76, 991
83, 775
90, 068
90, 552
86, 312
82, 693
83, 362
91,827
96,180 7- 95,287
95,302
I Retail trade, totaled
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total
do
Durable goods establishments
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales.
Durable goods industries:
Unadjusted, total...
mil. $..
Seasonally adj., total
do
Shipments (not seas, adj.), totalA
___do
Durable goods industries, total 9 A.
..do
512, 922 498, 325 41, 349 43, 785 37, 487
Stone, clay, and glass products
do
26, 269
2,321
2,216
26, 690
2,229
Primary metals A
_
do
77, 651
93, 673
6,279
6,350
5,520
Blast furnaces, steel mills A
<io
47, 424
40, 353
3,205
3,195
2,780
Nonferrous metals.
do
24, 156
1,972
2,014
33, 248
1,824
T
Revised.
p Preliminary.
« Estimated.
1 Based on data not seasonal ly ad jus ted.
2
Advance estimate; total mfrs. shipments for Ma:? 1976 do ilot reflect revision 3 for sele<3ted
components.
§ The term "business" here include' only mailufacturir g and tnide; busi ness
3
inventories as shown on p. S-l cover data for all tyj)es of prod ucers, bo1th farm a nd nonfa rm.
40, 881 45, 285 45, 491 42, 329 40, 760 41, 265 46, 129 « 49,439 48, 766 7-49,363 1 52, 415
2,467 7- 2, 414 7-2,442
2,209
2,016
1,936
2,541
2,233
2,355 2,424
7,602 7,467 7- 7, 913 i 8, 229
6,554
6,910
6,222
7,025
6,553 6,251 5,876
3,999 '3,800 4,055
3,587
3,529
3,050
3,065
3,094
3,166
3,707
2,370 7- 2, 461 2,721
2,141
1,957
1,907
2,170
2,103
2,089 2,173
Unad justed d;ita for irumufactui ing are s hown be ow on p p. S-6 an d S-7; th ose for \v holesale
and r 3tail trad e on pp. S-l land S-12.
S-4.
isee note inarked IV on p. S-12.
9Iricludes (iata for i terns not shown separatel y.
cfSee not e market "J" on p.
« Correc ted.
AS se corres]Donding ]lote on p). S-4.
SUEVEY OF CUKKENT BUSINESS
S-6
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
July 1976
1975
May
June
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
'6 075 6,279
8,299
'8,411
5,976
' 6, 009
11, 942 '11,961
' 8, 391
8,601
1,562
1,536
June
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Shipments (not seas, adj.)— Continued
Durable goods industries— Continued
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
mil $
do
do
do
do
do
Nondurable goods industries, total 9
Food and kindred products
Tobacco products
Textile mill products
do
do
do
do
469, 063
156, 744
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
do
do
do
do
Shipments (seas, adj.) totalA
By industry group:
Durable goods industries, total 9 A
Stone clay and glass products
Primary metals A
Blast furnaces, steel millsA
Nonferrous metals
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods Industries total 9
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum arid coal products
Rubber and plastics products
61 550
89, 485
64, 388
110, 991
73, 220
17, 176
5,053
7,507
5,240
9,492
6,234
1,362
5,248
8,122
5,630
10,131
6,659
1,493
4,844
6,650
4,902
7,927
5,012
1,319
5,307
6,848
5,339
8,748
5, 613
1,443
5,677
7,660
5,807
10, 251
7,181
1,611
5,703
7,656
5,890
10, 808
7,530
1,598
5,191
7,255
5,684
9,852
6,742
1,549
5 152
7 413
5 471
9,229
6, 106
1 565
5 106
7 162
5 298
9,695
6,957
1 4^5
5 663
8,063
5,927
11,236
7,876
1,484
6,020
8,725
6,175
11,973
8,511
1,572
33, 097
6,926
494, 362
166, 080
7,423
32, 941
39,012
13, 256
605
2,528
41,795
14,059
627
2,924
39,504
13,346
621
2,482
42,894
14,059
647
2,986
44, 783
14, 872
582
3 209
45,061
14,805
637
3,273
43,983
14,258
723
3,177
41,933
13,867
651
3,026
42 097
13 7?6
615
2 971
45, 698
14, 302
604
3,266
46,741 ' 46 521 45, 715
14,596 ' 14,425 14, 422
617
659
'623
3,521 ' 3, 192
3,314
39, 812
81, 377
56, 852
23, 416
40, 376
85, 967
64, 649
23, 884
3,171
7,007
4,988
1,957
3,419
7,374
5,376
2,116
3, 185
6,630
5,427
1,910
3,471
7,296
5,865
2,065
3,609
7,878
5,742
2,153
3,650
7,699
5,788
2,170
3,650
7,427
5,916
2,037
3,475
7,151
5,858
1,825
3 609
7 385
5,839
1 932
3 992
8,239
6,132
2, 199
do
79,734
81,039
83,029
85,210
86 200
87,403
86,515
87 616
89 276
90 912
93,050 ' 93 848 94,511
do
do
do
do
do
40,494
2,140
6,022
3,089
1,852
40,757
2,119
5,961
3,043
1,861
41,354
2,249
6,048
2,992
2,057
42,444
2,203
6,424
3,118
2,208
43,192
2 265
6 977
3 717
2 138
43,607
2 391
6,543
3,187
2 183
42,352
2 263
6,415
3,132
2 161
43,681
2,223
6,409
3,343
2,068
44, 570
2 329
6 775
3,590
2 058
45, 700
2 392
6,780
3, 534
2,086
47, 546
2,469
7,140
3,737
2,236
47, 741 '48,321 2 48, 818
'2 374 2,346
7,096 ' 7, 595 2 7,736
' 3, 672
3, 925
'2 283 2,555
do
do
do
do
do
do
5,033
7,326
5,414
9, 033
5,936
1,365
4,898
7,380
5,306
9,456
6,193
1,402
5,184
7,285
5,368
9,513
6,422
1,412
5,226
7,300
5,472
10, 037
6,765
1,438
5,304
7,398
5,453
9,823
6,785
1,481
5 511
7,776
5,634
9,736
6 429
1,530
5 250
7,832
5,526
9,103
6,006
1,520
5,396
7,730
5,434
10,296
7,262
1,580
5 621
7,654
5,813
10,268
7 071
1, 585
5 735
7,723
5,878
10, 946
7,597
1,531
5,901
8,036
6,002
11,658
8,353
1,570
'5 994 6,252
' 8, 077
8,097
6,194
' 6, 194
11,614 '11,387 2 12, 141
' 8, 117
8, 190
' 1, 566
1,566
do
do
do
do
do
do
do
do
39, 240
13, 435
598
2,589
3,193
6,611
5,064
1,897
40,282
13,675
582
2,751
3,270
6,944
5,272
1,976
41,675
13,893
607
2,884
3,382
7,232
5,477
2,070
42,766
14,165
625
2,933
3,432
7,496
5,890
2,063
43,008
14, 073
562
3,053
3,516
7,618
5 731
2 106
43 796
14,275
639
3,008
3,580
7,762
5,871
2,098
44,163
14,064
718
3,138
3,712
7,814
5,967
2,113
43,935
14,007
667
3,122
3,686
8,016
5,784
2,021
44 706
14,597
652
3, 228
3,729
7,931
5 818
2,084
45, 212
14, 362
635
3,295
3,911
8,057
5,972
2,173
45,504 ' 46,107 45, 974
14,345 ' 14,763 14, 615
676
644
610
3,308 ' 3, 238
3,388
3,774 ' 3, 882
3,997
8,373 ' 8, 183
7,856
5,865 '6 084 6,090
2,266 '2,214
2,201
i 88, 368
i 201,977
i 135,032
i 86, 573
i 74, 522
413,466 i 406,215
7,128
16, 300
11,145
7, 029
6,104
32,028
7,152
16,790
11,275
7,309
5,957
32,556
7,494
17,171
11,064
7,586
6,378
33,336
7,623
17, 193
11,175
7,974
6,311
34,934
7,883
17, 067
11,109
7,933
6,492
35,716
8,138
17,390
11,712
7,626
6,708
35,829
8,127
17,296
11,401
7,173
6,581
35,937
8,135
17,177
11,392
8,406
6,777
35,729
8,251
17,831
11,513
8,262
6,849
36,570
8,345
17,717
11,716
8,849
7, 052
37, 233
8,372
17,854
11,943
9,673
7,298
37,910
' 8, 617 8,976
' 18,230 17,988
' 12,169 12, 162
' 9 457 9,413
' 7, 335
7,463
' 38,040 38, 509
i 38, 873
1 147, 601
11128, 725
18, 876
i 39, 368
i 150,739
i 130,347
i 20, 392
3,228
12, 372
10, 704
1,668
3,202
12,567
10, 901
1,666
3,366
12,315
10, 748
1,567
3,431
12,544
10,812
1,732
3,526
12, 409
10 744
1 665
3,618
13, 044
11, 178
1,866
3,564
12, 713
10, 977
1,736
3,526
12,594
10,933
1,661
3,602
12,811
10, 959
1,852
3,652
13, 124
11 225
1,899
3,708
13, 380
11,495
1,885
3,776 ' 3, 894
13, 563 ' 13, 589
11 701 '11,666
1,862 ' 1, 923
do...
do
do_.
149, 762
97, 198
52, 564
146, 177
95, 167
51,010
150,109
100,276
49, 833
148,160 146,494 145,976 145,037 145,646 146,101
98.910 97,869 97,017 95, 927 95,542 95,429
49,250 48,625 48,959 49, 110 50,104 50,672
146,177 147,458
95,167 95,625
51,010 51,833
148,093
96 039
52, 054
148,928 '149,358 150, 285
96,785 ' 97 OP3 97, 403
52,143 ' 52,265 52, 882
By market category:
Home goods and apparel.
do
Consumer staples _
_.
do
Equipment and defense prod. , excl. auto do
Automotive equipment
do
Construction materials and supplies
do
Other materials and suppliesA
do
Supplementary series:
Household durables
.
do
Capital goods industries.
do
Nondefense
do
Defense. _
do
Inventories, end of year or month:
Book value (unadjusted), total „_.
Durable goods industries, total
Nondurable goods industries, total
_
61,271
86, 572
66, 741
109, 521
72, 120
16, 053
1
87, 844
1 188, 087
i 1128, 361
87, 053
1
77, 174
1
3,933
8,740
5,833
2,382
do.
150, 404
146, 574
148,951
148,059 147,189 146,583 146,413
146,510
146,671
146,574
147,030
147,328 148,150 '148,121 149, 166
97, 967
3,721
11,861
5,747
4,369
95, 754
3,630
13, 924
7,627
4,696
99, 378
3,728
14, 114
7,525
4,807
9S,796
3, 692
14.295
7, 769
4,788
98,189
3,651
14,282
7,832
4,774
97,199
3,661
14,090
7,761
4,683
96, 640
3,613
13 789
7,498
4 669
96,215
3,605
13,776
7,536
4,655
95,953
3,585
13,898
7,618
4,720
95,754
3,630
13,924
7,627
4,696
95,664
3,632
13,903
7,718
4,636
95, 696
3,576
13 924
7,764
4,653
96,193
3,535
14 035
7,833
4,664
' 96,133 96, 578
' 3, 568
3,638
' 14 227 14, 431
8,188
' 7, 979
' 4 718 4,697
do do
do
do
do
do
11, 793
21,552
14, 684
21, COO
6,697
4,329
10, 979
20, 988
13, 196
21, 171
5,917
3,830
11, 678
22, 312
13, 837
21, 336
6,188
4,018
11,407
22,116
13,580
21,494
6, 354
3,966
11,285
21,984
13,444
21,481
6, 255
3,922
11,091
21,894
13,325
21,116
5,915
3,947
11, 028
21,713
13, 212
21,357
5,991
3,835
10,914
21,503
13,245
21.300
6,002
3,818
10,970
21,105
13,237
21,368
5,978
3,817
10,979
20,988
13,196
21,171
5,917
3,830
11,011
20,976
13,168
21,113
5,987
3,850
10, 958
20, 821
13, 136
21,342
6,083
3,790
10,942
20,901
13,222
21,492
6,149
3,744
' 10,692 10, 640
' 20,851 20, 814
' 13 258 13, 355
' 21 498 21,621
'6 248 6,389
' 3, 732
3,753
do
do
do
do
33, 393
5,408
11,277
4,866
30, 796
6,237
10, 161
4,490
33, 090
6,411
11, 125
4,636
32,676
6,478
10,922
4,761
32,159
' 6,462
10,723
4,789
31,626
6,277
10,683
4,629
31,370
6,244
10, 551
4,696
31,072
6,238
10,393
4,600
30,980
6,333
10,228
4,640
30,796
6,237
10,161
4,490
31,176
6,384
10,200
4,484
31, 148
6 438
10, 081
4,565
31,418 ' 31 199 31, 326
6 527 '6 575 6,585
10,068 ' 10 072 10, 084
4,601 '4 606 4,693
Work in process 9 . .
_
do
Primary metals
do
Machinery (elec. and~noneiec.)___do___
Transportation equipment.
do.
41, 506
3,728
15, 887
14, 247
41, 031
4,330
14, 657
14, 742
42, 022
4,410
15, 349
14, 753
41,917
4,439
15,169
14,822
42,031
4,491
15,208
14,756
41,692
4,471
15,080
14,535
41, 177
4,288
14, 878
14, 713
41,175
4,267
14,913
14,784
41,140
4,279
14,706
14,851
41,031
4,330
14,657
14,742
40,779
4,278
14,572
14,695
40, 805
4 278
14, 438
14 875
40,931 ' 40 994 41, 122
4 310 ' 4 411 4,603
14,508 ' 14,504 14,481
14 955 ' 14 937 14, 935
Finished goods 9
do
Primary metals .
do
Machinery (elec. and nonelec.)... do...
Transportation equipment.
do
23, 068
2,725
9,072
1,887
23, 927
3,357
9,366
1,939
24, 266
3,293
9,675
1,947
24,203
3,378
9,605
1,911
23,999
3,329
9,497
1,936
23,881
3,342
9,456
1,952
24, 093
3 257
9,496
1 948
23,968
3,271
9,442
1,916
23,833
3 286
9,408
1,877
23,927
3,357
9,366
1,939
23,709
3,241
9,372
1,934
23, 743
3 208
9,438
1 902
23,844 ' 23,940 24, 130
3 243
3 198 r 3 241
9,604
9,547 ' 9' 533
1 936 ' 1 955 1,993
do
do
do
do
do
do
do
do
52, 437
12, 425
2,950
4,812
4,737
10, 605
3,925
3,267
50, 820
11,738
3, 255
4,589
4,552
10, 861
4,313
2,989
49, 573
11,079
3,059
4,226
4,658
10, 888
4,066
3,055
49,263
10,702
3,095
4, 200
4,597
10,921
4,107
3,053
49,000
10,679
3,121
4,243
4,489
10,683
4,144
3,022
49,384
10,992
3,149
4,314
4,582
10,821
4,158
2,956
49, 773
11, 362
3,113
4,384
4,573
10 783
4 212
2,941
50,295
11,687
3,262
4,473
4,571
10,750
4,242
2,964
50,718
11,909
3 248
4 610
4,573
10 836
4 301
2,925
50,820
11,738
3,255
4,589
4,552
10,861
4,313
2, 989
51,366
11,858
3,244
4,681
4,684
11,037
4,321
3,053
51 632
11 774
3 371
4 709
4 686
11 039
4 378
3 036
51 957
11 846
3 360
4 658
4 738
11 138
4 388
3 030
do
do
do
20, 727
8,044
23, 666
19, 671
7,751
23, 398
19, 503
7 323
22, 747
19,232
7,407
22,624
19,135
7, 457
22,408
19,130
7,540
22,714
19, 203
7,639
22, 931
19,657
7,635
23,003
19,526
7 722
23,470
19,671
7 751
23,398
19,892
7 830
23,644
20 092
7 905
23. 705
20 363 ' 20 272 20 678
7 944 ' 8 057 8 066
23.650 ' 23.659 23. 844
Fabricated metal products
Machinery, except electrical—
Electrical machinery
Transportation equipmentMotor vehicles and parts
Instruments and related products
By stage of fabrication:
Materials and supplies 9
Primary metals..
Machinery (elec. and nonelec.)
Transportation equipment. _
Nondurable goods industries, total 9
Food and kindred products
Tobacco products
_
Textile mill products... ._
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
By stage of fabrication:
Materials and supplies
Work in process
_
Finished goods
' Revised.
i Based on data not seasonally adjusted.
2 Advance estimate; total mfrs.
shipments for May 1976 do not reflect revisions for selected components.
9 Includes data
for items not shown separately.
13, 027
' 3, 904
3,970
' 8, 952
8,378
' 6, 045 5,998
'2 341 2,271
do
do
do
do
do
Book value (seasonally adjusted), total
By industry group:
Durable goods industries, total 9...
Stone, clay, and glass products
Primary metals _
Blast furnaces, steel mills
.
Nonferrous metals
2
' 51 988 52 588
' 11 845 11,921
r 3 331
3 403
' 4 678 4 735
' 4 747 4 786
' 11 088 11 231
' 4 290 4 421
r 3 032
3 017
ASee corresponding note on p. S-4.
23,724
213,589
211,816
2 1,773
SUEVEY OF CTJKKENT BUSINESS
July 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1976
1975
1975
Annual
S-7
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
'13,391
'19,502
'37,744
' 7, 748
'•12,425
••57,311
13, 486
19, 634
37, 572
7,896
12, 529
58, 049
June
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month — Continued
Book value (seasonally adjusted)— Continued
By market category:
Home goods and apparel
mil. $
Consumer staples
do
Equip, and defense prod., excl. auto
do
Automotive equipment
__do
Construction materials and supplies
do
Other materials and supplies _.
do
Supplementary series:
Household durables
..
do
Capital goods industries.. .
do
Nondefense
.
. ..
do
Defense
.do
14, 900
19,530
37, 967
8,475
13, 195
56, 337
12, 835
19, 264
37, 861
7,436
12, 639
56, 539
12,805
18,969
39,200
7,821
12,890
57,266
12, 623
18, 623
38, 959
7, 964
12, 806
57, 084
12,653
18,472
38,844
7,824
12, 736
56,660
12,421
18,803
38,739
7,444
12,776
56,400
12,456
19,010
38,723
7,556
12,721
55,947
12,565
19,463
38,466
7,549
12,558
55,909
12,691
19,525
38,238
7, 498
12,560
56,159
12,835
19,264
37,861
7,436
12,639
56,539
12,710
19,466
37,711
7,495
12,704
56,944
12,840
19,527
37,695
7,582
12,605
57,079
13,251
19, 604
37, 848
7,684
12, 603
57, 160
7,522
42, 482
35, 939
6,543
6,430
42, 462
34, 656
7,806
6,684
43,774
36,664
7,110
6, 511
43, 529
36, 162
7,367
6,394
43,439
35,984
7,455
6,280
43,346
35,771
7,575
6,247
43,232
35,545
7,687
6,325
43,022
35,292
7,730
6,361
42,869
35,045
7,824
6,430
42,462
34,656
7,806
6,212
42,310
34,668
7,642
6,253
42,350
34,505
7,845
6,456 ' 6, 439
42, 483 '42,426
34, 401 '34,261
8,082 ' 8, 165
77,840 83,732
38, 717 ' 41,737
39,116 41,989
78, 524
38, 839
39,685
83,717
40, 707
43,009
88,838
43,910
44,928
89,252
43,933
45,319
85,649
41,446
44, 203
81,877
40,032
41,845
82, 929
40, 616
42,313
91, 998
46, 139
45,859
96, 943 '95,672 95, 147
50, 156 48, 945 '49,007 153,412
46, 787 '46,727 45, 786
78,900
83,304
85,137
85,482
86,336
86,351
86,754
88, 083
90, 201
93, 389 '94,141
44, 975
6,678
3,434
2,123
47, 895
7,397
3,830
2,447
New orders net (not seas adj ) totalA
Durable goods industries, totalA
Nondurable goods industries, total
do
__do
do
1,002,135 976, 209
534,027 480, 580
468, 106 495, 616
New orders net (seas adj ) totalA
By industry group:
Durable goods industries, total 9 A
Primary metals A
Blast furnaces, steel millsA
Nonferrous metals
do
2
2 1,002,135 976,209
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts
Nondurable goods industries total
Industries with unfilled orders©
Industries without unfilled ordersf
By market category:
Home goods and apparel
Consumer staples
_
Equip, and defense prod., excl. auto
Automotive equipment.
_ _ _
Construction materials and supplies
Other materials and supplies A
Supplementary series:
Household durables
Capital goods industries
Nondefense...
Defense
..
79,789
6,499
42,405
34, 106
8,299
96, 048
do _
do
do
do
534,027
97, 233
49, 036
33, 855
480, 580
71,112
35, 922
23, 399
do
do
do
.do _
do
65, 824
94, 070
67, 646
113,431
27, 322
59, 524
84, 973
62, 376
108, 466
24, 154
4,844
7,117
5,183
8, 76!)
1,974
4,700
6,984
5, 153
9,194
2,021
5,111
7,368
5,279
9,793
2,222
5,179
6,929
5,809
9,758
2,016
5,196
7,120
5,144
9,982
1,885
5,282
7,425
5,510
9, 371
2,041
5,302
7,629
5,595
8,741
2,077
5,163
7,118
4,941
10,477
2,105
5, 405
7,363
5,860
9,514
1,512
5,575
7,404
6.043
10, 601
1,695
5,519 ' 5, 788 6,144
7,650 ' 8, 064
8,095
6,096 ' 6, 396
6,660
12, 405 11,572 '11,400 i 12,560
2,755 '1,770
2,237
468,106
110,046
358, 060
495, 616
113, 539
382, 077
39,325
9, 010
30,315
40, 507
9,346
31, 161
41,869
9,740
32,129
42,961
9,806
33,155
43,226
10,166
33,060
44,029
10,295
33,734
44,363
10,492
33,871
43,917
10,138
33,779
44,906
10,597
34,309
45,226
10,711
34,515
45, 494 '46,300
10, 648 '10,958
34, 846 '35,342
2 87, 313 22 88, 371
2 188,082 2 202,024
2 139,226 2130,784
85, 336
2 86, 755
2 80, 740 22 72, 896
396,766
2 420,017
7,129
16,293
10,910
6, 988
5,894
31,686
7,185
16, 807
10, 964
7,155
5, 803
31,875
7,582
17,176
10,976
7,589
6,233
33,748
7,648
17,220
11,442
7,845
6,316
34,666
7,934
17,078
10,961
8,004
6,309
35,196
8,138
17,378
10,870
7,491
6,452
35,795
8,164
17,295
11,409
6, 951
6,642
35,890
8,108
17,187
10,733
8,536
6,822
35,368
8,249
17,866
10, 581
8, 480
6,755
36,152
8,287
17,701
11,344
8,845
6,938
37,086
8,448 ' 8, 610
8,954
17, 852 '18,226 17, 986
11,513 '12,454 12, 468
9,950 ' 9, 479 9,515
6,719 ' 7, 074
7,345
38, 907 '38,298 39, 780
2
39, 314
do _ 238,411
do
2 160,802 2 144,343
2
2
123,137
do
137,933
2
do
22, 869 2 21, 206
3,218
11,961
10, 302
1,659
3,217
12, 047
10, 138
1,909
3,440
12, 546
10, 728
1,818
3,466
12, 440
10, 392
2,048
3,555
12, 205
10, 214
1,991
3,629
11, 885
10, 689
1,196
3,619
12, 440
10, 690
1,750
3,492
11,657
10,156
1,501
3,588
11,741
10, 351
1,390
3,601
12, 494
10, 710
1,784
3,755
13, 617
10, 984
2,633
do
do
do
do
do
do
do
do
do
39,575
6,010
3,132
1,937
39,282
5,439
2,761
1,826
41,435
5,943
2,885
2,057
42,175
6,397
3,136
2,173
42,256
6,294
3,168
2,165
42,307
6,579
3,334
2,161
41,988
6,472
3,272
2,177
42,837
6,657
3,695
2,068
43, 177
6,615
3, 770
1,949
47, 841 '49,681 150,397
7,238 r 8, 805 i 8, 060
4,959
' 3, 634
2,727
' 2, 478
46, 032
11,065
34, 967
3,759 ' 3, 889 i 3, 61 7
13, 674 ' 13,730 i 14,740
11,530 ' 11,664 i 11,934
2,144 '2,066 i 2, 806
Unfilled orders, end of year or month (unadjusted),
totalA
„
mil $
136,226
132,444
Durable goods industries, totalA
do
3,782
Nondur. goods irid. with unfilled orders©. ... do.. _"
119, 739 124,122 122,274 123,807 123,749 122,519 121,217 120,557 119,739 119,309 119,487 120,251 '120,628 120, 467
114, 698 120,108 118,065 119,417 119,243 117,868 116,306 115,426 114,698 114,050 114,063 114,782 114,952 '114,596 i 115,595
5,041
5,424
5,469 ' 5, 676 5,747
4,014
4,390
4,911
4,651
5,041
5,259
4,209
5,131
4,506
Unfilled orders, end of year or month (seasonally
adjusted), total A.
mil $
By industry group:
Durable goods industries, total 9 A
do
Primary metalsA
do
Blast furnaces, steel millsA
do...
Nonferrous metals. ..
do
137,328
120, 659
124,513 123,271 123,545 123,477
122,761 121,697
133,440
20, 698
13, 751
3,411
115, 494
14, 084
9,287
2,629
120,593 119,123 119,203 118,940
15,077
14,556 14,452 14,424
9,179
9,568
9,286
9,196
2,714
2,749
2,714
2,679
118,004
13,740
8,647
2,705
116,710 116,342
13,778 13,836
8,795
8,935
2,684
2,700
115.494
14,084
9,287
2,629
114,101 113,374 113,722 113, 828 '115,181 1116,761
13, 920 13, 817 14, 074 14,216 ' 15,424 i 15,748
9,455 '9,418 10, 452
9,362
9,463
2,768 ' 2, 962 3,134
2,521
2,557
19,710
29, 592
20, 575
34, 375
21, 487
3,888
17, 686
25, 044
18, 564
31, 848
20, 639
5,165
18,523
27,169
19,346
32, 495
20,710
3,920
18, 326
26, 776
19, 173
32, 236
20, 572
4,148
18,253
26,855
19,084
32, 514
20, 799
4,342
18,206
26,485
19,422
32, 237
20,661
4,537
18,097
26,209
19,112
32, 396
20, 529
4,757
17,867
25,859
18,989
32, 033
20, 471
4,987
17,919
25,656
19,057
31,668
20,490
5,188
17. 686
25,044
18,564
31,848
20,639
5,165
17,470
24,755
18,612
31, 093
20, 145
5,367
17,310
24,435
18,778
30, 749
19, 619
5,383
16, 927 '16,722 16, 614
24, 049 24, 039 24,036
18, 874 19, 076 19, 542
31, 497 31,454 '31,466 i 31,887
20, 225 '19,707 19, 775
5,371 ' 5, 562 5,621
2,317
65, 981
17, 773
51, 257
2,384
60, 437
16, 110
41, 728
2,120
62,432
16,736
43,225
2,169
61,969
16, 583
42,550
2,264
61,881
16,439
42,961
2,316
62,022
16,444
42,695
2,382
61,945
16,262
42,172
2,367
60,970
16,006
42,141
2,404
60, 967
16,066
42,093
2,384
60,437
16,110
41,728
2,421
59, 723
16,016
41,308
2,347
59, 348
15,901
41,161
2,417 ' 2, 407
59, 199 '59,506
15, 322 '15,063
42, 155 '42,414
1,769
74, 930
50,318
24, 612
1,731
68, 427
43, 024
25, 403
1,546
71, 179
46, 304
24, 875
1,559
70, 664
45, 546
25, 118
1, 635
70, 891
45, 523
25, 368
1,670
70, 791
45, 106
25, 685
1,701
70, 589
44, 578
26,011
1,710
69, 429
44, 090
25, 339
1,765
69, 367
43, 801
25, 566
1,731
68,427
43,024
25,403
1,720
67, 357
42, 415
24, 942
1,668
66, 729
41, 902
24, 827
1,712
66, 969
41, 395
25, 574
Mew Incorporations (50 States and DIst. Col.):
Unadjusted
number.. 319, 149
Seasonally adjusted .
do
328, 781
28,117
26, 634
28, 135
26, 843
30,447
28,896
26, 099
28, 708
27,283
29,364
29, 934
29, 517
24, 400
29, 184
30, 021
30, 261
30, 315
29,604
27,119
28, 973
35, 083 *>32, 617
30,910 *>29, 787
801
121
138
109
351
82
52, 868
15, 756
28, 756
20, 243
55, 134
32, 979
756
107
136
114
309
90
36, 881
29, 591
19, 206
41,214
30, 643
16, 227
886
130
167
144
358
87
57, 071
29, 263
42, 933
71, 485
89, 535
23, 855
965
867
132
108
188
158
121
109
434
408
90
84
11, 762 247, 653
27, 034
32, 144
34, 873 37, 342
52, 958 105, 665
58, 004 43, 577
33, 783 34,035
Fabricated metal products
do...
Machinery, except electrical
_ do
Electrical machinery
do...
Transportation equipment. _
"do
Aircraft, missiles, and parts
do
Nondur. goods Ind. with unfilled orders®. .do
By market category:
H ome goods, aoparel, consumer staples . do
Equip, and defense prod., incl. auto
doConstruction materials and supplies. . "do
Other materials and suppliesA
do
Supplementary series:
Household durables
do
Capital goods industries..
dc
Nondefense..do
Defense
.
do
121,530 120,659
119,468 118,757 119,093 '119,390 120, 929
2,383
59, 915
14, 944
43, 687
1,698 ' 1, 692 i 1, 587
67, 080 ' 67,218 i 68,369
41, 225 ' 41,221 i 41,339
25, 855 ' 25,997 i 27,030
BUSINESS INCORPORATIONSG
INDUSTRIAL AND COMMERCIAL
FAILURES©
Failures, total
number.
Commercial service
do
Construction
do
Manufacturing and mining
do
Retail trade...
do ~
Wholesale trade
do
Liabilities (current), total
thous $
Commercial service
"
do
Construction...
""do
Manufacturing and mining
do
Retail trade..
do
Wholesale trade
"do
Failure annual rate (seasonally adjusted)
No. per 10.000 concerns
987
1,045
11, 432
9,915
805
891
853
3904
164
153
1,637
1,320
115
141
133
117
186
2,262
223
1,840
178
177
152
171
121
145
1,645
no
1,557
123
140
128
411
425
4,799
4,234
336
378
365
380
105
99
1,089
964
66
80
84
79
,053,137 4,380,170 57, 788 75, 917 242,028 22, 442 205,526 ,295,393
348, 166 475, 485 23, 086 20, 404 77, 441 31, 684 20, 803 43,711
526, 598 640, 845 99, 262 27, 248 57, 483 32, 497 31,918 54, 648
833, 824 ,020,609 55, 459 47, 471 38, 417 57, 046 49, 124 92, 736
,069,656 ,835,908 40, 497 50, 643 42, 232 70, 889 84, 673 ,083,690
274, 893 407, 323 39, 484 30, 151 26, 455 30, 326 19, 008 20, 608
2
43.4
38.4
36.5
242.6
341.9
!
fnr TVTa, '107* A ' V c l ii I I I i m r y >
Advance estimate; totals for mfrs. new and unfilled orders
3
evisions for selected
Indudes dataforBa^ components.
2 Based on unadjusted data.
9 Includes data for items not shown separately
in? Vmfi?ie5ite35ile mil1 £ ro(L ' leather and prod., paper and allied prod., and print, and pub.
md., unfilled orders for other nondurable goods are zero.
888
131
166
124
374
93
06,420
28, 952
32, 244
60,251
39,219
45, 754
35.4
36.3
38.2
44.9
36.9
35.4
37.0
42.2
41.4
I For these industries (food and kindred prod., tobacco mfs., apparel and other textile
prod., petroleum and coal prod., chem. and allied prod., rubber and plastics prod.) sales are
considered equal to new orders.
O Compiled by Dun & Bradstreet, Inc. (failures data
for 48 States and Dist. of Col.; Hawaii included beginning July 1975).
ASee corresponding note on page S-4.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1974
1975
1975
Annual
July 1976
May
June
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS*
Prices received, all farm products
1910-14 = 100..
Crops9
.
do
Commercial vegetables
_ do
Cotton
do
Feed grains and hay
__
do
Food grains
do
Fruit
do
Tobacco
do
Livestock and products 9
do
Dairy products
_ do.
Meat animals
do
Poultry and eggs _
do
Prices paid:
All commodities and services
do_
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)
.1910-14 =100
Parity ratio §_ ...
do
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
All items
1967=100..
Special group indexes:
All items less shelter
.
do
All items less food
do
All Items less medical care
do
Commodities
do
Nondurables
. do
Nondurables less food
do
Durables
do
Commodities less food
do
Services
do .
Services less rent
do
Food 9
do
Meats, poultry, and fish
.
do
Dairy products
_
do
Fruits and vegetables
do
Rousing
do
Shelter 9
do
Rent
do
Homeownership
do
Fuel and utilities 9
..
do
Fuel oil and coal ...
_
do
Gas and electricity
do
Household furnishings and operation
do
Apparel and upkeep
do
Transportation
do __
Private
do
New cars
do
Used cars
do
Public
do
Health and recreation 9
do
Medical care
do
Personal care
do
Reading and recreation
do
Seasonally Adjusted IF
All items, percent change from previous month
Commodities.
1967—100
Commodities less food
do
Food
_
do
Food at home.
do
Fuels and utilities
do
Fuel oil and coal
.
do
Apparel and upkeep
do
Transportation.
do
Private
do
New cars..
do
Services
.
do
'481
504
409
433
423
529
319
821
454
489
555
214
••463
453
465
348
400
426
318
900
473
535
567
235
'457
445
457
308
401
411
343
923
469
491
589
215
••465
445
524
329
395
356
356
922
485
487
615
225
'477
457
475
343
398
396
349
833
498
503
627
237
'486
477
436
367
428
446
318
865
494
526
605
244
'496
472
440
395
409
462
351
921
521
564
636
256
'487
456
440
420
392
453
318
923
519
593
628
246
r461
425
467
420
357
407
297
874
499
611
576
251
'464
424
493
422
361
389
300
871
505
630
582
251
'466
428
494
421
369
389
286
874
503
624
583
246
'468
433
444
420
375
410
295
874
503
599
595
244
'463
436
472
425
378
399
313
874
489
594
579
229
'473
434
468
424
373
391
318
875
512
580
631
225
'477
446
403
482
398
384
313
877
508
564
624
233
488
470
441
502
412
384
290
877
505
559
625
228
505
519
494
'533
533
528
r
533
526
530
r 541
532
539
'540
539
535
' 543
540
539
'549
542
548
'543
543
538
' 542
547
535
' 544
547
538
'557
550
555
' 562
550
561
'564
555
564
'570
557
570
568
557
568
575
561
57C
564
85
615
75
613
75
622
75
621
77
624
78
631
79
629
77
628
73
630
74
645
72
649
72
652
71
656
72
656
73
663
147.7
161.2
159.3
160.6
162.3
162.8
163.6
164.6
165.6
166.3
166.7
167.1
167.5
168.2
169.2
146.1
143.7
147.7
145.5
151.0
140.9
130.6
136.6
152.1
156.0
161.7
163.9
151.9
165.8
150.6
154.4
130 6
163.2
150.2
214.6
145.8
140.5
136.2
137.7
136.6
117.5
122.6
148.0
140.3
150.5
137.3
133.8
159.1
157.1
160.9
158.4
163.2
151.7
145.5
149.1
166.6
171.9
175. 4
178.0
156.6
171.0
166.8
169.7
137.3
181.7
167.8
235.3
169.6
158.1
142.3
150.6
149.8
127.6
146.4
158.6
153.5
168.6
150. 7
144.4
157.0
155 6
158 9
156 5
160.8
150.5
144 8
148.1
164.5
169 6
171 8
168.2
153.6
169 0
165 3
168 2
136 4
180.1
165.5
230.2
167.3
157.4
141.8
147.4
146.8
126.8
142 2
152.5
152. 6
166 8
149 Q
143 8
158 4
156 6
160 3
157 9
162 4
151.2
145 8
148 9
165.7
170 9
174 4
177 2
153.3
177 4
166 4
169 4
136 9
181.4
166.9
230.6
169.4
158.1
141 4
149.8
149 3
127.0
147 5
154.1
153.2
168 1
150 3
144.1
160.3
157 6
162 0
160 1
165.0
152.2
146 9
149 9
166.6
171 9
178 6
187 7
153.4
188 8
167.1
170.2
137.3
182.3
168.0
234.1
170.4
158.3
141.1
152.6
152.3
126.6
153.2
155.0
154.0
169.8
151.2
144.4
160.8
158.3
162.4
160.4
165.2
153.0
147.5
150.7
167.4
172.7
178.1
189.7
154.3
177.9
167.7
170.7
138.0
182.8
168.9
235.7
171.2
158.8
142.3
153.6
153.4
126.8
156.1
155.0
154.6
170.9
151.4
144.7
161.6
159.5
163.2
160.8
165.4
153.8
148 2
151 4
169.1
174 6
177 8
190 3
156.3
167 4
168 9
171 6
138 4
183 9
170 9
238 7
174 0
160.1
143 5
155 4
153 9
126 5
156 6
169 5
155 4
152 1
I4fi n
184 8
172 0
243 3
174 2
160.9
144 6
156 1
154 8
129 9
156 5
168 8
156 3
173 5
152 9
146 6
163 4
161 5
165 2
162 9
167 1
155 1
149 2
152 6
172 0
177 7
179 8
191 4
162 8
168 7
171 3
174 1
139 9
186 8
174 4
246 5
176.8
161.6
145 5
157 4
156 1
131 3
153 7
168 9
156 5
173 3
153 6
147 0
164 1
162 1
165 8
162 7
167 6
155 4
149 3
152 8
173 1
179 0
180 7
189 2
165 5
172 1
172 2
175 0
140 6
187 8
176 1
248.7
179.0
162.0
145 2
157.6
156 2
134.0
149 6
170 1
157 5
174 7
154 6
147 5
164.4
162.6
166.2
162.4
167.3
154.7
149.0
152.3
174.9
181.0
180.8
186.5
168.2
173 3
173.2
175.9
141 2
188.8
176.3
248.9
179.5
163.7
143.3
158.1
156.8
134.2
144.6
170.2
158.6
176 6
155.7
148.2
164 9
163 4
166 5
162 3
167 2
155 2
149 3
152 7
176 1
182 2
180 0
183 0
168 5
173 2
173 8
176 0
142 1
188 6
177 9
249.4
181.9
165.2
144 0
158.5
157 2
134.3
144 9
170 4
159.7
178 8
157 0
148 5
165.3
164 2
166 8
162 3
166 7
155. 5
150 4
153 3
177 2
183 4
178 7
180 2
167 9
173 6
174 5
176 3
142 7
188 7
178 9
247 6
183 7
166.6
145 0
159 8
158 5
134 5
150 9
172 3
160 6
180 6
157 4
149 0
167.1
166.1
166.0
165.0
168.4
167.4
164.2
163.1
167.2 ' 168. 2
157.0
156.0
153.5
151.9
155.5
154.2
178.4
177.7
184.7
184.0
179.2 ' 180. 0
178.0 ' 181. 2
167.4
167.9
176.4
179.0
175.6
174.9
177.3
176.6
143.8
143 2
189.6
188.9
180.2
179.3
246.2
246.6
186.1
184.4
167.9
167.4
146.8
145.7
163.5
161.3
162.5
160.1
134.5
134.4
167.8
159.4
172.4
172.4
162.1
161.4
182.6
181 6
158.9
158 3
150.3
149.5
05
156 5
147 9
172 5
172 3
164 7
228 4
141 5
147 1
146 4
127 0
164 9
07
157 6
148 5
174 6
174 9
166.9
231 1
141 4
148 6
148 1
127 1
166 0
1.0
159.6
149.8
177.8
178.6
168.8
237.0
142.3
151 2
150.8
126.9
166.9
0.4
160.1
150.7
177.5
178.1
170.1
241.8
143.4
152.7
152. 5
127.7
167.6
0.4
160.6
151.2
178.0
178.4
172.5
246.2
142.8
155.5
154.0
129.0
169.0
0.6
161.5
151.7
179.6
180.2
173.8
249.1
143.2
155.9
154.6
129.5
170.0
0.6
162.2
152.2
180.6
181.2
175.1
248.1
143.6
157.4
156.1
130.5
171.7
0.5
162.9
152.8
181.6
182.1
176.3
247.5
144.1
158.3
157.0
133.4
172.8
0.4
163.1
153. 1
181.2
181.4
175.6
244.0
145.0
158. 7
157.4
133.1
174.7
0.1
162.7
153.5
179.4
178.6
176.1
242.6
145.0
160.1
158.9
133.8
176.0
0.2
162.4
153.9
177.9
176.5
177.5
242.3
145.4
160.8
159.5
134.2
177.2
0.4
163.1
154.4
178.9
177.7
177.9
243.0
145.8
161.8
160.6
134.3
178.0
0.6
164.3
155.3
180. 6
179.5
179.3
0.
164.
156.
181.
179.
181.
146.5
163.2
162.0
134.8
178.8
146.
164.
163.
134.
179.
205.6
249.8
179.6
176.7
206.3
242.8
184.2
177.7
201.4
233.2
181.9
178.9
191.7
210.1
179.8
178.2
189.7
203.3
180.6
178.7
190.4
200.5
183.6
179.3
193.2
202.9
186.6
179.3
196.0
200.0
193.2
179.6
202.3
204.3
200.9
181.3
202.8
202.7
202.7
181.8
207.
210.
204.
183.
204.1
180 9
164.9
165.3
163.0
207. 5
181.0
166.2
166.7
164.0
206.8
182.2
168.0
168.3
166.5
199.8
182.3
168.0
168.1
167.4
201.3
182.6
168.5
168.5
168.0
201.2
183.7
168.7
168.3
169.5
199.5
184.5
168. 2
167.4
169.9
199.1
185.6
167.9
166.8
170.5
205.3
186.8
169.0
168.0
171.1
205.7
187.5
169. 3
168.4
171.3
210.
WHOLESALE PRICESd"
(U.S. Department of Labor Indexed
Not Seasonally Adjusted
Spot market prices, basic commodities:
195.5
194.5
187.2
i 227. 9 i 198. 2
22 Commodities..
1967-100
236.0
9 Foodstuffs
do
209.4
i 243. 2 i 227. 3 210.3
184.2
171.5
173.2
13 Raw industrials
do
i 219. 0 i 180. 4
173.2
175.7
All commodities
do
174.9
173.7
160.1
By stage of processing:
203.0
196.7
196.9
197.1
196.1
Crude materials for further processing., do
179.3
178.4
180.0
178.4
162.9
Intermediate materials, supplies, etc... do
164.5
163.4
161.2
147.5
162. 5
Finished goodsO— . _ do
165.0
163.6
161.1
162. 6
149.3
Consumer finished goods
do
162.4
162.5
161.2
141.0
161.7
Producer finished goods _
do
By durability of product:
165.1
165.8
165.3
165. 2
150.1
Durable goods
.
do
183.6
181.7
180.2
179.1
167.6
Nondurable goods
do
171.4
169.5
171.1
170.1
154.1
Total manufactures
_
do _.
165.2
165.6
165.1
164.9
148.6
Durable manufactures
do
177.6
176.6
175.1
174.1
159.5
Nondurable manufactures
do
r
Revised.
^Preliminary.
1 Computed by BEA.
J Data revised back to 1968 to
reflect new base weights; comparable data for earlier periods will be shown later.
9 Includes data for items not shown separately.
§ Ratio of prices received, to prices paid (parity
m
o
162 6
160 4
164 1
161 7
166 4
154 6
148 9
152 2
170 1
175 7
179 0
192 9
159 4
165 5
IfiQ 8
•170 c
ion q
74
170.
168J
167. (
169. '
165.S
169. (
157. <
154.'
156.,
179.
185.
180.
182.
167.
176.
176.
178.
144
190.
181.
247.
188.
168.
146.
165.
165.
134.
173.
173.
162.
183.
159.
150.
-I CQ
172.
175.
174.2
171.7
173.8
172.7
169.4
170.8
168.8
168.2
166.5
165.7
186.7
187.3
184.9
184.6
185.7
185.3
185.8
186.9
186.1
184 9
178.
177.6
177.0
175.6
176.0
174.4
174.7
175.3
174.5
173.0
172.3
1 74
173. 6
173.1
171.4
172.3
169.4
170.7
168.8
168.2
166.2
165.7
181.3
179.4
180.7
179.6
179.9
180.1
180.1
181.0
179. 9
179.1
index).
1 Data have been revised (back to 1967) to reflect new seasonal factors. tf For
actual wholesale prices of individual commodities see respective commodities.
0 G-oods
to users, incl. raw foods and fuels.
SURVEY OF CUERENT BUSINESS
July 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
1975
May
Annual
S-9
June
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
COMMODITY PRICES—Continued
WHOLESALE PRICES^1— Continued
(U.S. Department of Labor Indexes) — Continued
All commodities— Continued
Farm prod., processed foods and feeds. 1967 =100..
Farm products 9- -- - -do
Fruits and vegetables, fresh and dried-do
Grains
_ __
_ do
Live poultry
do
Livestock _
do
Foods and feeds, processed 9
Beverages and beverage materials
Cereal and bakery products
Dairy products
Fruits and vegetables, processed
Meats, poultry, and fish _ _ __
Industrial commodities
177.4
187.7
192.3
257.9
157.4
170.6
184.2
186.7
183.7
223.9
189.8
187.9
181.2
184.5
183.1
213.0
177.6
197.9
182.3
186.2
206.7
203.3
190. 6
202.4
188.2
193.7
208.6
219.3
219.1
211.3
189.0
193.2
179.6
237.8
202.4
203.0
190.4
197.1
182.6
232.9
203.9
209.9
190.5
197.3
183.3
227.4
210.8
207.8
186.1
191.7
179.0
207.9
203.7
193.4
186.0
193.8
190.3
205.5
181.3
191.6
184.6
192.8
194.8
210.5
169.0
184.7
182.0
191.0
192.6
214.3
173.1
179.5
180.3
187. 2
184.5
217.8
182.6
170.7
183.7
192.9
195.0
209.0
165.4
192.3
184.9
192.6
179.0
213.5
174.3
186.9
187.5
196.5
160.8
225. 1
174.9
185.1
do
do
do
do
do
do
170.9
140.7
171.2
146.4
154.6
163.5
182.6
162.4
178.0
155.8
169.8
191.0
179.0
161.0
176.2
149.6
171.0
190.7
179.7
160.4
174.4
150.5
170.9
199.6
184.6
159.4
176.7
153.2
169.4
209.7
186.3
161.6
175.8
156.3
168.6
204.5
186.1
162.5
177.0
160.8
168.4
209.8
186.2
165.1
177.6
165.6
169.3
210.4
182.6
165.1
177.0
168.1
169.0
200.8
181.0
165.4
174.6
171.3
168.5
198.1
179.4
165.1
174.7
169.7
167.6
193.2
176.4
167.0
175.1
163.4
166.7
186.1
175.8
167.0
174.5
166.7
166.5
180.6
178.0
169.3
172.8
167.7
167.1
189.2
179.9
172.3
173.4
167.1
167.9
190.3
181.8
172.7
173.7
167.0
170.0
190.0
do
153.8
171.5
170.3
170.7
171.2
172.2
173.1
174.7
175.4
176.1
177.3
178.0
178.9
180.0
180.4
181.3
182.1
212.1
208.8
125.9
250.5
166.1
181.2
211.0
207.0
126.4
246.7
165. 9
181.4
210.3
206.3
127.5
260.4
167.1
182.1
206.5
207.4
127.5
285.7
167.1
182.2
201.2
208.2
127.4
289.7
169.7
184.2
199.7
212.6
130.0
246.4
170.2
184.9
192.3
215.6
131.7
245.3
171.6
185.6
190.8
217.1
132.7
256.2
171.6
187.1
190.6
218.4
133.0
243.6
172.9
186.9
189.6
218.5
133.1
235.5
172.9
187.1
188. 0
243.0
246.6
382.2
192.6
226.4
258. 8
252 .4
254.9
182.9
197.7
210.4
128.8
260.6
170.2
257.0
183.4
197.9
211. 1
129.3
257.3
170.2
238.8
389.3
192.9
219.1
246.1
182.3
199.9
209.2
128.5
264.3
169.7
256.5
OCA a
258.0
07-1 o
257.3
257.2
197.5
231.5
199.5
231.6
97= A
97/1 7
255.7
368.3
201.5
254.3
269.6
256.9
226. 8
255.7
369.3
198.9
246.7
272.9
260.3
367 2
206 5
275 9
270 2
142.0
143.1
136.3
150.8
143.4
137.2
150.5
91.7
143.9
138.2
150.8
91.2
144.4
138.7
151.0
144.8
154.6
150.5
157.5
151.5
159.9
153.0
229.4
173.2
196.0
219.4
162.0
153.9
236.9
178.7
202.3
230.4
165.4
155.3
270. 4
169.6
156.2
Chemicals and allied products 9 .
Agric. chemicals and chem. prod
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Prepared paint
do
do __
do
do
do
do
146.8
137.7
151.7
112.7
338.2
145.7
181.3
203.6
206.9
126.6
255.2
166.9
Fuels and related prod., and power 9
Coal
Electric power
Gas fuels
Petroleum products, refined
do
do
do
do_ _.
do
208.3
332.4
163.1
162.2
223.4
245.1
385.8
193.4
216.7
257.5
Furniture and household durables 9
Appliances, household
Furniture, household
Home electronic equipment _
do
do ..
__do
do
127.9
117.9
136.6
93.1
220. 0
139.7
132.3
146.3
93.5
138.6
131.0
145.3
91.9
139.0
132.2
145.3
93.0
139.2
132.2
145.4
93.3
139.8
140.1
133.6
146. 1
92.8
141.1
134. 1
147.8
92. 8
141.5
148.7
146.9
182.5
153.2
181.0
199.7
149.3
147.3
186.8
152.6
179.6
196.8
149.3
147.5
151.3
149.5
192.3
154.1
179.9
196.6
152.4
150.1
201. 0
154. 9
179. 1
196. 0
154.4
150.2
209 1
162 4
Hides, skins, and leather products 9
do
Footwear
_
do__
Hides and skins
_ _ do_ __
Leather
do
Lumber and wood products
do __
Lumber
_ _
do
145.1
140.0
195.9
154.3
183.6
207.1
148.5
147.8
174.5
151.5
176.9
192. 5
147.7
146.9
170.6
153.3
183.0
200.7
Machinery and equipment 9
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Metalworking machinery and equip
do
do
do
do
do
139.4
143.8
152.3
125.0
146.9
161.4
168.6
185.2
140.7
171.6
160.4
167.5
184.0
140.1
170.2
161.0
167. 8
184.4
140.4
171.9
161.7
168.5
184.9
140.8
172.7
162.2
168.9
185.4
140.9
173.0
163.1
169. 2
187.5
141.8
173.1
164.1
171.3
188.6
142.3
175.1
Metals and metal products 9
Heating equipment
Iron and steel. _ _
_ _ __
Nonferrous metals
do
do _
do ___
do
171.9
135.0
178.6
187.1
185.6
150.7
200.9
171.6
185.1
150.2
200.6
171. 1
184. 5
150. 5
199.4
169.1
183.4
150.2
197.3
167.7
184.3
150.3
198.4
169.3
185.5
150.3
200.4
170.8
Nonmetallic mineral products 9
Clay prod., structural, excl. refrac
Concrete products
Gypsum products _ _ _
Pulp, paper, and allied products
Paper
Rubber and plastics products ..
Tires and tubes
do
do
do
do
do
do
do
do
153.2
135.2
151.7
137.6
151. 7
148.6
136.2
133.4
174.0
151.2
170.5
144.0
170.4
172.9
150.2
148.5
173.1
149.2
170.0
143.5
169.8
172.6
148.9
145.4
173.3
151.0
170.3
143.4
169.8
172.5
148.6
145.4
174.7
151.3
171.2
140.8
170.0
172.4
150.1
151.8
175.8
152. 3
171.3
143.2
170.0
172.4
150.0
152.1
176.1
154.0
171.2
143.8
170.3
139.1
137.9
135.2
135.9
136.8
137.6
Textile products and apparel § ..
do
Synthetic
fibers
Dec 1975—100
Processed yarns and threads
do
Gray fabrics
do
Finished fabrics
do
Apparel
1967=100
Textile house furnishings
do
Transportation equipment 9. ..Dec. 1968=100._
Motor vehicles and equip..
__ .1967 =100--
129.5
143.1
125.5
129.2
133.4
151.9
141.5
144.6
132.2
151.7
139.9
142.9
132.5
151.7
140. 1
143.1
132.4
151.7
132.8
151.7
Q9 8
m
o
OAK n
198. 4
244.0
1 fi9 Q
204.6
266. 1
0^7 A
OCO Q
Q1 9
on«> o
145.3
139 0
153 0
91 1
167.4
157.8
260 9
191 2
199 8
224 3
1 83 1
9flft 9
190.5
165.3
174.2
165.8
175.1
1Q9 K
143.1
167.7
177.3
194.4
144.4
178.8
168.2
178.6
194.7
144.6
179.4
168.9
179.3
195.0
144.9
180.5
169.4
180.7
143.1
176.3
167.0
176.8
193.3
144.0
178.5
187.2
151. 9
204.7
170. 7
187.0
187.1
155. 2
204.3
169.4
187.7
155.7
205.9
169. 0
189.2
155.4
209.6
169.7
190.6
155.2
211.3
171.5
192.9
156. 0
213.2
177.6
194.0
196.4
157 1
217 8
182 9
177.7
156. 3
172.6
146.9
171.3
172.9
151.8
151.9
178.0
156.3
173.1
144.3
173.1
173.7
151.9
151.7
181.1
159.0
177.2
150.2
174.8
176.3
152.4
151.8
181.3
159. 7
177.8
148.4
175.8
176.6
154.2
152.0
182.5
160.2
177.7
150.4
176.9
178.0
155.5
155.5
185.2
160.9
178.5
150. 9
185.6
150.8
152.1
177.1
155. 8
172.3
145. 2
170.9
173.0
151.5
152.2
186.0
162 1
178.9
153.5
179.5
181.8
157.2
155. 5
138.4
141.3
143.2
144.0
145.1
101.3
101.5
101.8
99.3
136.5
153.8
146.3
101.7
101.5
103.0
100.5
137.4
156.2
146.7
102. 1
101.5
103.3
100.8
137.8
156.6
147.4
147.0
102 8
98.9
148.8
151.3
149.1
151.7
149.2
151.9
111 A
133.1
152.6
133.6
153. 3
1QO
I
17A Q
134.8
153.3
135.1
153.3
147.2
150.6
147.5
150.9
203. 3
230.7
99.9
103.5
102. 4
138.6
145.0
178.8
1 7Q
181
-i c7
1 cc
9
7
-I
c
170.2
181.7
197 9
145.4
189 0
148.1
102 8
QQ Q
157 1
106 9
101 3
139 4
158 8
149.0
151.6
149.1
151.6
140.1
143.1
140.5
143.5
141.1
143.9
146.6
150.0
0.8
0.9
0.9
1.1
0.1
0.3
-0.2
-0.4
0.2
0.8
0.3
0.4
204.5
184.2
201.3
184. 7
198.8
196.9
186 0
208.8
186 3
207.2
186 4
210.0
187 8
166.7
mi
166.0
176 6
159 1
143 1
169 7
170 7
168.4
183 4
159 0
142 9
169 9
171 3
168.9
185 3
159 0
142 9
169 6
171 4
169.0
183.6
160.0
143.5
170.8
172.1
148.7
151.3
Seasonally Adjusted J
All commodities, percent change from previous
month..
By stage of processing:
Crude materials for further processing 1967—100
Intermediate materials, supplies, etc
do
Finished goods:
Consumer finished goods
do
Food
do
Finished goods, exc. foods . .
do
Durable
do
Nondurable. _
do
Producer finished goods
do
By durability of product:
Total manufactures.
Durable manufactures.
Nondurable manufactures
0.6
198.3
177.5
198.8
179.7
203.7
180.6
207.0
182.8
162.9
181.7
151.5
137.3
160.8
161.8
164.2
183.6
152.6
137.4
162.4
162.6
164.9
183.2
153.9
137.8
164.4
163.1
167.1
186.6
155.4
138.8
166.3
164.3
168.7
187.9
157.0
140.7
167.9
166.3
169.2
187. 6
158.2
141.8
169.0
167.1
169.4
187.0
158.9
141.9
170.1
167.9
167.9
169.8
164.3
174.9
170.5
164.5
176.5
171.4
165.0
178.0
172.7
166.0
179.4
174.7
168.4
181.0
175.3
169.5
181.6
175.8
170.6
181.2
175.5
171.4
179.9
176.0
171.7
175.8
172 6
178 7
177.4
172 9
181 8
177.4
172 9
181 8
178.3
173 7
182 5
186.0
181.0
$0. 572
.621
200.1
178.4
169.3
164.2
174.6
$0. 625
.678
197.0
177.3
207.0
183.4
161.6
179.6
150.8
137.0
159.9
161.3
do
do
do
Farm products
_
do
Processed foods and feeds
do
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
1967=$!. 00..
Consumer prices
___
do
0
184.5
180.4
189.9
182.5
192.7
184.8
196.9
185.3
199.9
186.6
196.1
184.3
197.2
181.8
192.6
178.3
187.7
175.5
185.9
175 9
193.8
179 3
194.9
181 6
195.4
182 4
$0. 577
.628
$0. 576
.623
$0. 569
.616
$0. 566 $0. 563
.614
.611
$0. 559
.608
$0. 561
.604
$0.560
.601
$0. 557
.600
$0. 557
.598
$0. 557
.597
$0. 552
.595
$0. 550
.591
$0. 546
.588
cfSee corresponding note on p. S-8.
9 Includes data for items not shown separately.
§ Effective with Jan. 1976 reporting, the textile products group has been extensively reclassified; no comparable data for earlier periods are available for the newly introduced indexes.
215-400 O - 76 - S2
159. 1
142. 5
170.2
169. 1
t Beginning in the April 1976 SURVEY, data have been revised (back to 1967) to reflect new seasonal factors.
SUEVEY OF CURRENT BUSINESS
S-10
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1975
1975
May
Annual
July 1976
June
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
11,193
11,919
June
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE J
New construction (unadjusted), total
_
Private total 9
Residential (including farm)
New housing units
_
mil. $
r 10,900
' 11,596
r 12,016
100, 179
50, 378
40,645
93, 034
46, 476
4,412
7,724
3,856
2,664
8,055
4,164
2,951
8,364
4,415
3,189
8,556
4,578
3,333
8,770
4,617
3,447
8,769
4,558
3,530
8,528
4,380
3,443
7,805
3,847
2,923
6,879
3,328
2,603
6,583
3,069
2,414
29, 644
7,902
15, 945
26,406
8,017
12, 804
2,205
711
1,037
2,178
692
1,026
2,237
704
1,060
2,279
693
1,103
2,329
689
1,132
2,333
678
1,154
2,251
669
1,086
2,155
689
1,010
1,848
563
854
1,974
573
937
4,279
3,689
313
305
321
299
306
331
292
327
220
236
316
300
3,742
3,978
3,985
3,934
3,592
3,007
' 2,470
2,341
r 2, 664
' 2, 900
1,316
62
68
111
1,271
1,309
54
68
123
1,268
1,338
59
63
145
1,234
1,356
60
63
131
1,154
1,306
55
91
142
992
1,212
56
87
132
688
1,062
40
7o
122
474
991
42
79
121
377
r 1, 086
42
84
122
'489
1,078
49
82
118
702
r 144. 5
' 142. 1
Nonresidential buildings, except farm and public utilities, total 9
_
mil. $ Industrial ._ _
do
Commercial
do
Public utilities:
Telephone and telegraph
do
Public, total 9
do
Buildings (excluding military) 9
Housing and redevelopment
Industrial
Military facilities
Highways and streets
_.
_
38,347
39,009
3,176
3,541
do _
do
do
do
do _
_
14, 993
1,007
766
1,188
12, 069
14, 616
649
919
1,391
10,345
1,207
51
87
102
853
1,205
56
82
102
1,039
New construction (seasonally adjusted at annual
rates), total
bil. $_.
Private total 9
r 12,534 ' 12,775 ' 12,703 ' 12,120 ' 10,812 ' 9, 441 ' 9, 136 ' 10,392
' 138,526 r 132,043
do
do
do
' 127. 1 ' 129. 7
do
89.9
' 139. 3
' 2, 061
'582
' 1, 008
' 106. 4 ' 104. 2
2,031
556
995
3,138
140.0
103.4
95.4
95.6
97.3
98.1
97.0
99.3
46.3
33.6
48.4
35.7
49.4
37.5
50.4
38.9
52.1
39.9
49.0
37.5
49.5
38.2
'57.5
'43.8
'56.1
'44.2
55.0
43.9
26.0
8.2
12.3
25.8
8.1
12.2
90.2
46.1
33.4
44.7
32 2
26.1
8.4
12.3
' 136. 2 ' 138. 0 * 137. 8 ' 136. 9
2,069
586
1,007
8,781
4,776
3,721
92.0
90.6
43.9
31.5
Residential (including farm)
do ...
New housing units
do
Nonresidential buildings, except farm and public utilities, total 9
bil. $_.
Industrial
do
Commercial
_
do
Public utilities:
Telephone and telegraph
do
' 133. 1 ' 132. 2 ' 136. 3
' 7, 728 ' 8, 293
' 3, 983 '4,405
'3,055 ' 3, 383
26.0
8.0
12.4
26.1
7.9
12.4
25.6
7.6
12.4
25.9
7.7
12.4
25.4
7.6
12.2
25.1
7.5
11.8
27.7
8.2
13.2
26.9
7.6
'13.3
'25.4
'7.2
'12.6
24.6
6.7
12.1
3.4
3.8
3.3
3.6
3.6
3.3
3.8
3.5
3.5
3.8
3.6
37.2
39.1
41.1
40.1
40.9
40.6
40.7
39.8
37.3
34.8
'38.1
'37.9
36.8
do
do
do
do ___
do
Buildings (excluding military) 9 .
Housing and redevelopment
Industrial
Military facilities
Highways and streets
3.7
do
Public, total 9
14.0
.7
.9
1.3
10.3
14.4
.6
.9
1.2
10.7
15.9
.7
.9
1.3
11.4
14.7
.6
.9
1.4
11.0
14.9
.6
.8
1.6
10.7
14.8
.6
.7
1.5
10.4
15.0
.6
1.2
1.6
10.4
14.5
.6
1.0
1.6
10.4
14.0
.6
.9
1.5
9.7
13.2
.7
1.1
1.7
8.1
'14.2
.6
'.9
1.5
'9.6
'12.9
.6
.9
'1.5
'10.6
11.7
.6
.9
1.4
9.8
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F. W. Dodge
Division, McGraw-Hill):
Valuation total
mil. $
Index (mo data seas adj )
1967—100
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
_ _
Non-building construction
New construction planning
(Engineering News-Record) O
90, 237
U66
9,143
202
9,324
201
9,044
165
10, 037
208
7,692
157
7,767
166
5,573
148
5,431
137
6,390
183
6,149
170
8,908
185
9,408
189
9,836
205
mil. $
do
39 497
61,873
31,415
58, 822
2,875
6,268
3,891
5,432
3,784
5,260
3,040
6,997
2,725
4,967
2,544
5,223
1,597
3,976
1,724
3,708
1,655
4,734
1,719
4,430
2,192
6,716
2,383
7,025
3,915
5,921
do
do
do
.
94, 370
i 170
33, 051
34, 404
26, 914
30,577
31,347
28, 313
2,877
3,073
3,193
3,169
3,116
3,040
3,165
3,093
2,787
2,666
2,784
4,587
2,526
2,966
2,200
2,629
3,189
1,949
1,859
2,404
1,309
1,865
2, 233
1,334
1,939
2,157
2,294
1,996
2,546
1,608
2,561
3,618
2,729
2,741
4,003
2,664
2,819
3,955
3,062
do
97, 102
83, 795
7,609
6,856
7,184
5,456
6,511
5, 865
9,909
6,052
6,648
9,791
5,088
6,893
6,041
thous. . 1,352.5
do._.
932.2
do
1,337.7
do
888.1
1,171.4
766.8
1, 160. 4
892.2
117.0
73.2
116.1
92.8
110.9
73.0
110.3
90.3
120.1
76.3
119.3
92.8
118.7
75.1
117.3
90.7
112.8
73.8
111.9
84.5
125.0
78.2
123.6
93.8
97.2
64.7
96.9
71.6
77.1
56.6
76.1
55.6
72.9
52.5
72.5
54.0
91.6
'63.9
R9.9
72.6
118.8
'85.1
118.4
92.4
' 137. 5 ' 149. 1
'98.5
'94.3
' 137. 2 ' 148. 8
' 107. 8 '112.3
153.7
104.7
152.8
120.8
1,085
853
1,080
874
1,207
916
1,264
979
1,304
966
1,431
1,093
1,381
1,048
1,283
962
1,236
957
1,547
1,295
1,417
1,110
' 1, 367
' 1, 055
'1,430
' 1, 067
1,492
1,150
••938
'667
' 1,016
'699
'998
'725
r 1, 092
'1,111 ' 1, 127 ' 1, 091 ' 1, 147 ' 1, 165 '1,188
'882
'851
'863
'812
'814
'794
' 1, 082
'803
1,158
'807
1,122
834
20.0
201
19.7
213
20.7
225
20.1
228
18.9
287
21.6
244
23.6
237
24.4
260
' 189. 4 ' 188. 7 ' 189. 7
r 189. 2
' 193. 1 ' 193. 0
'193.7
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
Inside SMSA's
Privately owned
One-family structures
Seasonally adjusted at annual rates:
Total privately owned.
One-family structures
do
do _.
New private housing units authorized by building
permits (14,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
thous
One-family structures
do
Manufacturers' shipments of mobile homes (Manufactured Housing Institute) :
Unadjusted
thous
Seasonally adjusted at annual rates
do
1,074
644
924
'668
329.3
212.7
20.0
209
r 772
20.8
235
16.5
230
13.8
224
' 188. 7 ' 190. 2 ' 190. 2
'191.0
' 192. 2
1,762
1,902
1,871
1,734
1,699
1,767
1,908
1,873
1,736
1,702
1,778
1,918
1,886
1,793
1,710
15.3
263
CONSTRUCTION COST INDEXES
Dept. of Commerce composite
1967=100.. ' 172. 8
American Appraisal Co., The:
Average, 30 cities
Atlanta
_
New York
San Francisco.. ___
St. Louis
1913=100..
do
do
do
do
1,608
1,821
1,711
1,552
1,536
,716
,871
,827
,698
,659
1,700
1,872
1,800
1,693
1,674
Boeckh indexes:
Average, 20 cities:
Apartments, hotels, office buildings
Commercial and factory buildings
Residences
_
1967=100. .
do
do
168.4
171.1
172.0
185.0
188.8
183.5
184.5
187.8
182.4
,710
,869
,798
,690
,677
' Revised.
* Preliminary.
1 Computed from <jumulativ e valuatic n total,
I Data for new construction have been revised bsick to Jari. 1973. T tie revise d data a re
available from the Bureau of the Census, Washington , D.C. 20S233.
1,733
1,881
1,815
1,734
1,700
186.0
190.1
184.3
1,743
1,902
1,873
1,743
1,701
1,763
1,905
1,872
1,736
1,700
188.2
192.0
186.5
190.6
194.6
189.0
1,801
1,949
1,892
1,804
1,725
191.7
196.0
190.3
1,811
1,960
1,900
1,816
1,737
1,818
1,965
1,903
1,851
1,741
194.4
200.5
191.8
' 195. 6
196.5
1
1,834
1,980
1,908
1,881
1,747
199.8
205.3
198.1
or)ata for May, Ju ly, and Oct. 1975, and Jan. and Apr. 1976 are for 5 weelcs; other
mont hs, 4 wef >ks.
9 1[ncludes data for i terns not shown separately.
SURVEY OF CURRENT BUSINESS
July 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
S-ll
1975
1975
Annual
May
June
July
Aug.
1976
Sept.
Oct.
Nov.
Jan.
Feb.
Mar.
Apr.
May
201.6
214.2
Dec.
202.9
215.0
204.0
215.7
205.6
216.7
207.4
219.2
June
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
Engineering News-Record:
Building
.-- 1967 = 100, . 178.3
188.0
Construction
do
Federal Highway Adm.— Highway construction:
Composite (avg. for year or qtr.)
1967=100.__ 201.8
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted?
Seasonally adjusted
1947-49=100.
do
Iron and steel products, unadjusted
Lumber and wood products, unadj
Portland cement, unadjusted
do ...
do
do
193.3
205.7
190.5
201.4
203.8
193.5
204.9
195.0
208.8
196.9
211.3
197.2
211.4
200.0
213.0
199.8
212.9
203.9
199.3
200.5
213.4
1
1
209. 0
222. 8
200.3
209.8
177 5
158 3
166 5
152 6
168 5
156 6
168 4
174 3
174 5
159 1
177 6
173 1
181 8
164 3
144.1
151 7
141 1 T 148 0
162 6
156 8
181.8
171.6
215.3
140.9
166.9
182.9
135 4
175 7
204.0
138 9
170 3
213.8
135 5
172 7
232.3
146 0
179.2
234.3
157 1
186.6
232.7
151 9
197 9
248.8
122 1
157.7
169.5
123.3
162.3
136.3
87.1
82.3
161 1
157 7
12.6
133
18 5
206
7.7
84
11 1
125
6.0
68
14 8
156
5.6
67
13 7
156
6.4
71
14 5
171
8.3
93
16 5
185
6.1
87
13 8
186
5.2
71
11 4
175
3 933 70 6 166 12
7 909 60 8 863 84
483 49
680 97
534 43
986 02
597 49
674 34
511 79
848 30
516 06
841 58
564 15
860 56
496 54
886 21
17, 845
17, 145
16, 803
16, 685
16, 945
17, 482
17, 578
55, 040
5,370
5,971
5,498
5,731
5,588
10 097
32 106
12 837
1 012
3 089
1 269
989
3 6? 6
1 346
1 055
3 118
1 325
980
3 500
1 °51
995
3 351
1 242
142, 803
12 291
12 476
12 019
11,181
3,560
312
265
275
285
151 3
171 3
183 4
190 5
120 5
175 9
122. 7
156 7
202 2
168.0
4.4
68
12 7
191
6.0
84
13 6
185
7.2
74
15 7
165
8.4
94
18 3
193
8.5
94
15 1
177
452 16
864 31
456 01
792 50
384 89
641 82
515 71
837 38
411 67
675 98
458 49
756 54
17, 606
17, 845
17, 106
16, 380
15, 757
15,236
14, 898
5,694
4,370
5,254
3, 941
4,161
5,816
1 052
3 400
1 242
822
p 584
964
941
3 012
1 301
724
2 314
903
811
2 425
925
1 156 1 344
3 375 T 3 881
1 ^85 T i 320
11 326
12, 210
10, 414
11 057
276
276
266
335
338
320
335
T 151
r 154
r 163
164
175
175
135
175
171
191
191
131
171
171
183
204
129
170
r
123 8
179 9
106.2
r
r
REAL ESTATE^
Mortgage applications for new home construction:
FHA net applications
thous. units..
Seasonally adjusted annual rates
do ..
Requests for VA appraisals
do
Seasonally adjusted annual rates
do
Home mortgages insured or guaranteed by —
Fed. Hous. Adm.: Face amount
mil. $
Vet. Adm.: Face amount§
do
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $_. 21,804
New mortgage loans of all savings and loan associations, estimated total
mil. $._ 38, 959
By purpose of loan:
Home construction
_ _ d o 7 566
Home purchase
do
23 560
All other purposes
, do
7 833
Foreclosures
number.- 140, 469
Fire losses (on bldgs., contents, etc.)
mil. $..
3,190
T
8.3
87
fice
CQ
6, 545 P 6, 603
1 266
4 032
1 305
301
287
DOMESTIC TRADE
ADVERTISING
McCann-Erickson national
seasonally adjusted:
Combined index.
Network TV
Spot TV. .
Magazines...
Newspapers
advertising index,
1967-100
do
do
do
do
141
150
153
121
141
147
T 144
r 149
r 161
r 166
142
148
173
164
110
141
Magazine advertising (general and natl. farm magazines) :
Cost,total._
.
mil $ 1 372 3 1 336 3
Apparel and accessories
do
50.8
47 0
Automotive, incl. accessories
do
104.7
101.5
Building materials
do
20 7
24.7
Drugs and toiletries
_
do
143 2
140 6
Foods, soft drinks, confectionery
do
92.0
91.1
121 0
37
9.7
25
12 4
7.4
105 6
18
9.8
21
13 1
6.4
83 2
2 2
7.2
14
10 8
6.7
82 6
2Q
5.3
9
12 0
5.1
118 7
66
6.1
21
11 4
6.2
136 1
55
11.3
2 0
12 2
9.4
152 0
51
14.0
19
12 8
12.8
120 4
33
9.4
14
10 9
9.6
93 0
2 7
7.6
6
10 7
4.9
109 4
32
10.0
17
12 8
7.4
130 4
51
13.7
2 2
12 6
9.7
144 6
65
14.2
36
13 6
10.5
158 8
51
16.4
38
14 7
9.0
123 1
26
11.2
26
13 9
10.8
100 9
55.1
34 2
19 4
144 2
580 7
84
6.8
35
12
12 1
53 2
9 0
4.3
2 9
11
12 8
42 4
57
3.1
23
1 2
11 5
31 1
4 2
2.7
2 6
12
12 3
33 3
73
5.5
31
10 4
6.3
31
2 4
12 i
61 2
13 5
7.2
29
25
12 3
66 8
17 7
3! 3
2 9
12
12 9
48 0
39
2.9
2 4
15
11 9
43 9
55
4.2
2 4
17
13 1
47 4
81
5.9
31
16
14 4
54 i
8 2
8.4
4 o
2 3
14 5
58 8
94
10.3
6 2
2 2
15 7
66 0
91
5.6
41
15
13 4
48 3
3 844 6 4 100 1
108 8
93 8
967 0
978 6
134 8
131 0
513 7
544 3
2,120 4 2 352 5
r QfiQ O
r 9 5
r §6 9
294 8
62
80 5
10 8
32 8
164 6
qoq o
5 9
91 2
63
33 4
193 1
334 0
86
83 1
12 0
45 6
184 8
070 o
205 3
361 0
9 0
88 6
12 o
49 3
202 1
217 6
403 4
90
83 7
10 2
54 6
245 9
047
4
63
11
43
224
n
6
4
0
3
7
348 3
89
87 6
13 6
49 7
188 4
383 0
9 3
99 i
9 4
54 3
211 0
409 6
98
104 3
14 1
60 7
220 7
427 3
10 9
105 4
13 8
63 0
234 3
463 5
10 3
118.6
10 4
66 0
258 1
36 407
15 731
20*676
36 3*8
15 733
20 655
36 916
15 721
21 195
36 614
15 315
21 299
37 855
16 340
21 515
39 569
16 704
22 865
35 827
14 835
20 99^
37 831
15 511
22 320
35 990
15 129
20 861
35 860
15 225
20 635
r
41 512 r 40 198
17 901 r !7 815
23 611 22 383
39,050
17,289
21 760
46 695
45 497 44 576 44 513 44 513
27 529
27 430 27*958 27 894 27 710
19. 166
18. 067 Ifi fi18 Ifi filQ 1 fi 803
* Preliminary.
i Index as of July 1, 1976: Building, 211.0; construction,
des data for items not snown
separately.
§Data include guaranteed direct
44 678
97 360
44 764
27 136
45 612
27 228
45 865
27 299
45 497
27 430
45 945
27 664
46 604
28 134
46 857 r 46 953
28 505 '28 723
18.352 r 18. 230
47, 279
29, 288
Beer, wine, liquors
do
Household equip. , supplies, furnishings. . do
Industrial materials
do
Soaps, cleansers, etc
do
Smoking materials
do
Allother
do
Newspaper advertising expenditures (64 cities): 0
Total
mil $
Automotive
.
do
Classified..
do
Financial
..
do
General
do
Retail
do
103 4
79.6
35 4
17 6
136 7
585 1
r 160
r
166
r H9
r
r
r
95
r 52 0
r 163
r 165
109
r 139
r
r
r
r
148
144
164
165
126
134
148
159
177
122
134
r 155
r 169
r H4
T 139
r 152
T 146
169
r 124
r 165
9 9
13 2
55 1
T 120
9
Q
85 7
13 5
CO
-I
r 165
r 170
r 124
WHOLESALE TRADE
Merchant wholesalers sales (unadj.), total mil. $
Durable goods establishments
do
Nondurable goods establishments
do
Merchant wholesalers inventories, book value,
end of year or month (unadj.), total
mil $
Durable goods establishments
do
Nondurable goods establishments ....
do
' Revised.
lo fi
Id
448 127
202, 341
245 786
439 000
185 922
253 078
17.991
17 si a 1 7 fi9,8 18 384 1 8 Sfifi 18 Ofi7 18 9,81 18470
IfHome mortgage rates (conventional 1st mortgages) are under money and interest rates
on p. S-18.
©Source: Media Records, Inc. 64-City Newspaper Advertising Trend Chart.
SUEVEY OF CURRENT BUSINESS
S-12
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1975
July 1976
1975
Annual
May
June
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
DOMESTIC TRADE—Continued
RETAIL TRADED
All retail stores: IfQ
Estimated sale (unadj ) total U"
54 133 i 55 480
mil $
537 782
584, 423
51,204
49, 052
50026
50 663
48 275
52 046
50 526
60681
46 767
45 243
51 752 r 54,633
do
do
do
do
167,313
15, 987
9 1 on
8,347
833
16, 126
(\ 342
8,499
843
16,374
16,919
9,734
8,936
798
15, 248
16,855
14,213
14,764
8,783
828
15,575
8,812
8,023
789
15,453
84, 773
8 316
180, 725
102 105
93, 046
9,059
7,647
775
7, 568
844
7,619
680
8,311
643
17, 758 r 18,670 ' 18,323 i 19,720
in Q39 r 1 1 33Q
10, 135 r 10,468 10, 237
836
797
'871
Furniture, home furn., and equip. 9 .--do
Furniture homefurnishings stores
do _
Household appliance TV, radio
do __
25, 544
15 364
8 006
26, 123
15, 283
8,420
2,124
1,260
2,144
1,269
679
697
2,167
1 283
2,177
1 281
2,184
1 247
730
2,389
1,419
747
2,925
1,534
1,042
2,138
1 228
707
2,308
1 379
721
693
2,064
1,226
654
2,304 ' 2, 311 ' 2, 290 i 2, 395
1 366 f 1, 392
1,371
'706
715
728
Building materials and hardware-Lumber, bldg. materials dealersd"
Hardware stores
23, 491
18, 328
5 163
23, 974
18, 202
5 772
2,199
1,628
2,212
1,668
544
2 189
1 701
2 317
1 802
2,073
1,477
596
387
406
2,137
1,668
515
2,090
1,597
493
1,710
1,323
488
2,203
1,709
494
1,773
1,367
571
2,244
1,721
523
370 469
24 864
5 668
9,551
3 979
403 698
26, 749
6,085
10, 396
4,123
35, 217
2,232
32, 926
2,072
516
869
354
502
797
323
33652
1,970
440
783
303
35 088
2 279
32 822
2,191
35, 278
2,409
475
899
374
450
872
382
35 127
2 300
491
942
362
549
942
361
43,826
3,894
969
1,435
485
32554
1 976
461
767
303
30,479
1,768
378
715
272
33 994 r 35 963 ' 35 810i 35 760
2 050 r2 377 ' 2 216 i 2 213
r
438
508
487
r
810
903
876
r
412
329
339
16
41
119
111
39
785
840
763
347
910
18 098
47, 514
131, 723
122, 666
43, 895
1,529
4,183
11, 687
10, 893
3,715
1,494
4,207
10, 789
10, 009
3,750
1 473
4,228
11,433
10,647
4,067
1 515
4 373
11 754
10971
4 100
1 450
3 983
10712
9,962
3 757
1 505
4 208
11 432
10,648
3 817
1,470
4,050
11,008
10, 265
3,649
2,114
4,110
11,778
10,925
3,817
1 481
3 889
11 723
10 983
3 654
1,462
3,723
10,507
9,775
3,475
1 CQ1
r 1 ft1 1
1 1 A4.1
1 571
4*083 r £ 218 ' 4 471 1 A K.K.C
Il'l76 r 11 535 ' 11* 684 i -j^ 582
10 384 T 10 717 r 10 843 i jo 713
3 779 r 3 §51 ' 3 964 i 4 osi
89,286
95,402
8,047
7,502
7,288
7 983
7,709
8,226
9,432
14,005
6 247
6 213
7 696
r 8 292
' 7 958 i g 180
7,488
5,170
435
798
945
6,973
4,827
407
713
909
6,759
4,611
443
665
968
7 427
5 066
496
789
7,099
4 904
520
700
876
7,531
5 104
635
737
8,778
6,032
690
830
936
13,353
9,437
722
1,456
1,268
5 748
3 918
366
555
5 718
3 840
432
563
7 074
4 776
r
579
670
841
786
r 7 698
r 5 394
'521
'672
848
r 886
r 48,652 ' 50,411 r 49,774 r 49,644 r 49,995 r 50,552 ' 51,283
51,592
52,601
53, 344 r 53 696 r 52 561 i 53 994
17,397
10,346
9,509
837
17,403 r 18 046 ' 17 247 1 17 892
10, 162 ' 10,704 ' 10 1871 10 809
9,307 '9 875 9 400
r
855
829
787
Durable goods stores 9
Automotive dealers
Passenger car, other auto, dealers
Tire battery accessory dealers
-do
do
-do __
Nondurable good*? stores 9
do
Apparel and accessory stores
do
Men's and boys' wear stores
_ do
Women's apparel, accessory stores _.do
Shoe stores
do
Drug and proprietary stores
Eating and drinking places
Food stores
Grocery stores
>.
Gasoline service stations
do
do
do
- _-do
__do
General merchandise group with nonstores9
-.. -.mil. $..
General merchandise group without nonstores 9 §
- .mil. $ .
Department stores
do
Mail order houses (dept. store mdse.).do
Variety stores
-do
Liquor stores
do
Estimated sales (seas. adj.), totalirt
Durable goods stores 9 i
Automotive dealers
Passenger car other auto dealers
Tire battery accessory dealers
82 535
55 871
5,839
8 714
10 285
88, 544
60, 719
5,995
9,120
10, 974
r 48,171
do
14, 667
8,250
7,492
do
do
do
do
15, 006
8,521
7,736
758
785
2,156
1,243
Furniture, home furn., and equip. 9
Furniture homefurnishings stores
Household appliance TV, radio
_
do
do
do __
2,134
1,217
Building materials and hardware
Lumber bldg materials dealers cf
Hardware stores
do
do
do
1,987
1,504
483
480
do
33, 504
2,214
33, 646
2,214
Nondurable goods stores 9 J
Men's and boys' wear stores
Women's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Food stores
Grocery stores
Gasoline service stations
710
1,976
1,496
510
853
353
514
858
345
1,502
3,942
10, 931
10, 159
3,567
1,524
3,972
11, 043
10, 278
3,596
7,961
7,400
5,071
484
790
918
do
do
do _
do.. _
_ do
do
do
do
General merchandise group with nonstores 9
_ mil. $
General merchandise group without nonstores 9 §.
mil. $
Department stores
do
Mail order houses (dept. store mdse.)~do
Variety stores
do
Liquor stores
do
Estimated inventories, end of year or month:
Book value (unadjusted), total
mil. $
Durable goods stores 9 _ - __
_
__do _
Automotive dealers
do
Furniture, home furn., and equip
do
Building materials and hardware
do
716
7C8
15, 372
8,834
8,065
769
2,159
1, 264
691
1,978
1,499
479
35, 039
2,219
953
7,785
754
15, 904
8,945
8,188
16, 239
9,666
8,899
754
763
752
757
767
16,730
9,605
8,778
827
2,182
1,270
2,203
1,279
724
2,246
1,319
723
2,335
1,375
748
2,347
1,370
764
2,273
1,326
713
2,332
1,385
736
2,388
1,392
1, 986
1,508
2,088
1,597
491
2,162
1,665
2,186
1,685
497
501
2,255
1,748
507
2,291
1,746
478
2,052
1,563
489
2,364
1,815
549
34, 364
2,317
34, 227
2,249
34, 223
2,256
34, 648
2,289
35, 044
2,337
35,204
2,369
507
935
374
35, 941
2,377
1,643 ' 1, 605
4,321 f ' 4, 304
11,567 11,448
10 749 ' 10,643
3 892 ' 3, 886
545
501
891
351
513
888
358
516
885
364
34,862
2,311
505
906
354
1,525
4,072
11, 149
10, 384
3,727
1,556
4,163
11,250
10, 464
3,716
1,569
4,219
11, 247
10, 463
3,853
1,522
4,213
11,433
10,642
3,867
1,572
4,174
11,424
10,625
3,861
8,076
7,956
8,314
8,459
8,022
8,401
7, 49 *
5,150
7,733
5,35V
493
766
930
7,870
5,427
532
771
920
7,443
5,075
524
753
899
7,849
5,408
533
764
918
1,518
3,946
11,241
10, 491
3,763
1,520
3,938
11,166
10, 425
3,821
1,526
3,956
11, 137
10, 384
3, 784
7,966
7,878
8,091
7,393
5,072
496
768
935
7,301
5,012
7,515
5 172
514
794
925
529
771
933
7,369
5, 031
522
756
928
547
r
15, 772
8,998
8,246
702
2 416
1 869
1 820
r 539
469
15, 417
8,682
7,919
505
876
352
506
725
926
r
2 359
T
15, 410
8,802
8,048
520
937
350
508
873
334
930
o QK.A
8 41 9
r
898
' 2, 385 ' 2, 362 i 2, 385
' 1, 402 1 360
••756
773
792
529
915
375
' 7 397 i 7 597
5 208 i 5 350
444
637
' 2, 340
1, 800
••540
2,253
1 772
481
35,650
2, 229
••506
'887
'339
'35 314
' 2, 288
r
r
r
8,606
r
7,996
5 471
568
785
939
r
8, 337
499
897
352
1
36,102
* 2, 325
' 1, 622 i 1, 651
' 4, 266 i 4, 294
' 11,544 1 11,689
i
' 10,704 10,843
' 3, 837 i 3, 924
'8 196
1
8, 524
1
7, 745
' 5, 416
'528
'663
'941
' 7, 615
7, 901
'5 336 * 5 538
508
661
904
72, 056
33, 747
17, 255
5,186
4,425
71, 127
32, 725
16, 246
4,755
4,600
72
33
16
4
4
050
604
814
658
769
71 669
33 419
16 562
4 662
4 755
71 268
32 725
16 096
4 640
4 642
70 295
31, 243
14 738
4,658
4 673
72,327
31,984
15, 321
4,725
4,650
75, 854
32, 629
15, 678
4,877
4,677
76, 620
33, 208
16, 056
4,911
4,680
71, 127
32, 725
16, 246
4,755
4,600
71,256
32, 967
16, 413
4,660
4,728
73, 350
33, 762
16, 987
4,619
4 842
75
35
17
4
5
914
017
664
753
044
76, 996
35, 548
17, 864
4,868
5,111
77, 018
35, 551
17, 770
4,884
5,110
38, 309
5,280
8,130
38, 402
5,293
8,247
38 446
5,488
7,865
38 250
5,353
7,865
38 543
5,377
7,889
39 052
5,508
7,896
40,343
5,820
8,074
43, 225
6,127
8,346
43, 412
6,099
8,434
38, 402
5,293
8,247
38, 289
5,237
8,072
39, 588
5,513
8,154
40 897
5,798
8,219
41, 448
5,861
8,334
41 467
5,830
8,339
15, 540
9,246
15, 006
9,128
15, 870
9,540
15, 765
9,373
15, 954
9,478
16,310
9,772
16,978
10,267
18, 895
11, 574
18, 732
11, 662
15, 006
9,128
15, 239
9,232
16, 072
9,712
17, 082
10, 440
17, 707
10, 941
17, 914
11 064
..do __
do
do
do
do
74, 082
34, 649
17, 794
5,238
4,581
73 081
33, 592
16, 748
4 798
4,762
70,826
32, 086
15, 605
4,630
4,590
70840
31, 909
15, 294
4 657
4,635
71 503
32, 270
15, 540
4,677
4,624
72,578
33, 324
16, 729
4,686
4,706
73,049
33, 471
16, 671
4,701
4,745
74, 642
33, 813
17, 004
4,749
4,787
73, 839
33, 712
16, 795
4,718
4,830
73, 081
33, 592
16, 748
4,798
4,762
73, 610
33, 510
16, 596
4,789
4,820
74, 344
33, 490
16, 492
4,742
4,823
75, 089
33, 920
16,617
4,801
4,931
75, 652
33, 994
16, 587
4,849
4,929
75 710
33, 936
16, 484
4 855
4,918
Nondurable goods stores 9
do
Apparel and accessory stores
do
Food stores
do
General' merchandise group with nonstores
mil. $
Department stores
__do _
39, 433
5,517
8,010
39 489
5,537
8 125
38, 740
5,583
7 881
38 931
5,547
7 873
39, 233
5,538
7 977
39, 254
5,432
8 024
39,578
5,517
8,189
40, 829
5,668
8,190
40, 127
5,534
8,079
39, 489
5,537
8 125
40, 100
5,674
8,195
40, 854
5, 749
8,303
41, 169
5,827
8 235
41, 658
5,885
8,334
41, 774
5,931
8 356
16, 621
9,868
16, 049
9.742
15, 997
9.595
16, 055
9.597
16, 156
9.696
16, 289
9.841
16,392
9.958
17, 345
10. 541
16, 767
10, 257
16, 049
9.742
16, 500
10, 013
16, 943
10. 332
17, 299
10. 556
17, 757
10. 930
18, 046
11. 120
Nondurable goods stores 9
do
Apparel and accessory stores
do
Food stores
do _
General merchandise group with nonstores... ..
mil. $
Department stores
do
Book value (seas, adj.), total. .
Durable goods stores 9
Automotive dealers
.
Furniture, home furn., and equip
Building materials and hardware
'Revised, i Advance estimate.
H Data may be understated because of deficiencies in
the probability sample being used for current estimates (the 1972 Census of Retail Trade
indicates that total retail sales for 1972 were 4.8 percent higher than the estimates made from
the sample). A comprehensive revision of the survey (including the selection of a new and
improved sample) is now underway; revised data will be introduced upon its completion.
9 Includes data not shown separately.
cf Comprises lumber yards, building materials
dealers, and paint, plumbing, and electrical stores.
§ Except department stores mail order.
JSeasonally adjusted data have been revised back to Jan. 1973 to reflect new seas. adj.
factors (revisions prior to May 1975 are available from the Bureau of the Census, Wash.,
D.C. 20233).
SURVEY OF CURRENT BUSINESS
July 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
S-13
1976
1975
1975
Annual
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
16 242
15 931
June
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Firms with 11 or more stores:
Estimated sales (unadj ) total 9
mil. $
Apparel and accessory stores 9
Women's apparel, accessory stores
Shoe stores
_
Drug and proprietarv stores
do
do
do
do
169 434
183 076
15 860
14 687
14729
15 710
14744
15,870
16,606
21, 871
14, 124
13 349
15 389
6,428
2,390
1,737
6,451
6,834
2,598
1,806
7,103
573
221
150
590
534
201
140
592
468
188
115
570
606
239
166
604
580
223
165
571
582
224
155
594
617
232
157
593
1,014
378
234
937
444
166
117
575
401
153
107
578
498
188
133
639
r
r
618
-•226
'172
••647
536
201
131
665
6,302
General merchandise group with nonstores 9
mil. $
General merchandise proup without nonstores §
mil. $
Dept stores excl mail order sales
do
Variety stores
do
70 597
75, 629
6,372
5,948
5,745
6,349
6,119
6,522
7,536
11, 299
4,868
4,876
6,122 ' 6, 595
67, 289
49, 802
6,988
72, 339
54, 159
7,355
6,094
4 607
646
5,688
4,321
576
5,505
4,140
528
6,092
4,543
636
5,827
4,373
566
6,175
4,547
596
7,212
5,365
682
11,010
8,353
1,196
4,650
3,489
437
4,636
3,425
453
5,796 ' 6, 315
6,035
4, 270 ' 4, 821 4,648
549
'535
503
Grocery stores
Tire, battery, accessory dealers
do
do
62, 614
2,168
68, 432
2,251
6,079
210
5,457
215
5,812
195
6,023
195
5,454
180
5,977
200
5,788
185
6,108
202
6,212
153
5,504
142
5,877
182
' 6, 034
'219
6,070
194
Estimated sales (seas. adj.), total 9 t
do
15, 163 ••15,317 ' 15, 351 r 15, 578 ' 15, 508 '15,387 '15,826 '15,978
16,420 ' 15,999
16, 007
Apparel and accessory stores 9
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
r
569
215
151
581
do
do
do
do
570
213
151
601
555
221
135
591
603
240
155
603
577
223
148
608
567
217
154
604
577
218
155
624
15, 663
16,079
601
219
164
629
576
221
145
622
586
222
149
654
581
209
158
691
'541
-•210
' 136
'656
553
202
137
677
General merchandise group with nonstores 9
mil $
General merchandise group without nonstores §
m il $
Dept stores excl mail order sales
do
Variety stores
do
6,301
6,341
6,215
6,449
6,425
6,314
6,608
6,718
6,359
6,677
6,844
r 6, 625
6,503
6 028
4,515
642
6 067
4 533
620
5,943
4,471
577
6 176
4,613
647
6 146
4 593
624
6,037
4,491
610
6,327
4,777
618
6 437
4,836
626
6 084
4 525
608
6 420
4 817
626
6,534
4,886
647
' 6, 352
' 4, 831
'527
6,234
4,757
525
Grocery stores
Tire battery accessory dealers
5 629
193
5 734
191
5,871
181
5,797
186
5 782
188
5,766
184
5,859
187
5 826
187
5 871
191
5 957
187
6,009
193
' 5, 921
'190
6,046
183
do
do
All retail stores, accts. receivable, end of yr. or mo.:
Total (unadjusted)
mil $
Durable goods stores
do
Nondurable goods stores
do
Total (seasonally adjusted)
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
_
,
29, 625
8,901
20, 724
27, 663
8,652
19 Oil
27 341 26, 988
8 781 8,795
18 560 18 193
27,089
8,830
18 259
27376
8,979
18 397
27,563
9,015
18,548
27, 726
8,781
18, 945
29 625
8 901
20 724
28,221
8,433
19 788
27802 r 27,819
8,564 T ' 8, 684
19 238 19 135
28, 389
8,962
19,427
28, 728
9,171
19, 557
do
do
Charge accounts
_.
Installment accounts
28, 916
8,578
20 338
10, 806
18,110
11, 428
18, 197
11,221
16 442
11 049
16 292
10, 813
16 175
10,709
16380
10,940
16436
11,196
16,367
11, 069
16, 657
11, 428
18 197
10,990
17 231
10,891 ' 11,203
16 911 ' 16,616
11, 874
16, 515
12, 210
16, 518
do
do
do
27, 035
8,434
18, 601
27, 764
8,799
18, 965
27, 606
8 610
18 996
27, 402
8 593
18 809
27, 609
8 719
18, 890
27,525
8 632
18 893
27,612
8 726
18 886
27,617
8,767
18,850
27, 460
8,756
18, 704
27, 764
8 799
18 965
27,895
8 749
19,146
28,173 ' 28,439
8 995 '9,040
19 178 ' 19,399
28, 716
9,192
19, 524
28, 560
9,054
19, 506
do
do
10, 374
16, 661
11, 028
16, 736
10 902
16 704
10 786
16, 616
10 938
16 671
10 794
16 731
10910
16702
11,016
16,601
10, 942
16,518
11 028
16 736
11 330
16565
11 399 ' 11,620
16,774 ' 16,819
11, 929
16, 787
11, 778
16, 782
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas t
. . mil r 1211 90
r
*213 54 r213 17 '213 38 '213 54 '213 72 '213 89 '214 04 '214 19 '214 30 '214.44 '214.55 '214.65 '214.76 '214.86
214. 99
LABOR FORCED
Not Seasonally Adjusted
Labor force, persons 16 years of age and over_.thous_.
Civilian labor force
do
Employed, total
do
Agriculture
.
do
Nonagricultural industries .
do
Unemployed. __
„
do
Seasonally Adjusted cf
Civilian labor force
do
Employed, total.
do
Agriculture
do
Nonagricultural industries ..
do
Unemployed
do
Long-term, 15 weeks and over
_ do .
Rates (unemployed in each group as percent
of total in the group) :
All civilian workers
Men, 20 years and over .
Women, 20 years and over
Both sexes, 16-19 years . .
White
Negro and other races..
Married men, wife present . _
Occupation: White-collar workers
Blue-collar workers
Industry of last job (nonagricultural) :
Private wage and salary workers
Construction
Manufacturing
Durable goods
r
94, 793
92 613
84 783
3' 380
81 403
7 830
93, 949
91 768
84 146
3 622
80 524
7 623
96, 191
94 013
85 444
3 869
81 575
8 569
97, 046
94 859
86 650
4 090
82 560
8 209
96, 493
94 308
86 612
3 886
82 726
7 696
94, 965
92 795
85 274
3 626
81 647
7 522
95, 431
93 267
86 023
3 524
82 499
7 244
94, 943
92 787
85 556
3 156
82 400
7 231
94, 888
92 731
85 536
2,856
82, 680
7 195
94, 805
92 665
84 491
2 853
81, 638
8 174
94, 944
92, 798
84 764
2 802
81, 963
8 033
95,260
93, 112
85 588
2,897
82, 691
7,525
95, 618 95, 724
93, 474 93, 582
86 584 87, 278
3,415
3,273
83,311 83, 863
6,304
6,890
98, 251
96, 114
88, 460
3, 780
84, 680
7,655
92,769
84 519
3,528
80, 991
93, 240
91 Oil
85 936
3 492
82 443
5 076
92,569
84, 498
3,350
81, 148
93,063
84 967
3 439
81 528
93,212
85 288
3 464
81 824
93,128
85 158
3,512
81 646
93,213
85 151
3,408
81 743
93,117
85, 178
3,301
81, 877
93,129
85, 394
3,236
82, 158
93, 484
86, 194
3,343
82, 851
93, 455
86, 319
3,170
83, 149
93, 719
86, 692
3,179
83, 513
94, 439
87, 399
3,417
83, 982
94, 557
87, 697
3,329
84, 368
94, 643
87, 500
3.294
84, 206
937
2,483
8,250
2,529
8,071
2,751
8 096
2 954
7 924
2,878
7 970
2,934
8 062
2,719
7,939
3,004
7,735
3,080
7,290
2,785
7,136
2,515
7,027
2,294
7,040
2,035
6,860
1,998
7,143
2,215
56
3.8
5.5
16.0
85
6.7
8.0
19.9
89
7.2
8.4
20.3
87
7.0
8.2
20.7
87
7i
8.0
20 5
85
68
7.9
20 7
86
7.2
7.8
19 4
86
72
7.9
19 8
85
7.1
7.9
19.0
8.3
6.6
8.0
19.6
7.8
5.8
7.5
19.9
7.6
5.7
7.5
19.2
7.5
5.6
7.3
19.1
7.5
5.4
7.3
19.2
7.3
5.6
6.8
18.5
7.5
6.0
7.1
18.4
5.0
9.9
2.7
7 8
13.9
5.1
83
14.2
5.7
80
14.0
5.5
81
13 4
5.5
78
14 3
5.2
78
14 4
5.5
80
14.3
5.3
7.8
13.9
5.1
7.6
13.8
4.8
7.1
13.2
4.1
6.8
13.7
4.1
6.8
12.5
4.1
6.7
13.0
3.9
6.6
12.2
4.0
6.8
13.3
4.4
3.3
6.7
4.7
11.7
5.3
12.8
4.8
12.4
4.8
12 3
4.6
11.9
4.8
11.9
4.8
11.6
4.8
11.3
4.8
10.7
4.7
9.4
4.6
9.3
4.6
9.1
4.8
9.0
4.6
9.0
4.4
9.3
6.7
10.6
5.7
5.4
9.2
18.1
10.9
11.3
9.8
20.9
11.9
12.3
9.6
20.5
12.0
12.7
9.4
20 4
11.5
12.1
Revised.
« Corrected.
1 As of July 1.
9 Includes data not shown separately.
§ Except department stores mail order.
t See corresponding note on p. S-12.
t Revisions back to Oct. 1973 appear in "Population Estimates and Projections: Estimates
of the Population of the United States and Components of Change—1930-75," P-25, No. 632
(July 1976), Bureau of the Census.
7.8
7.6
7.6
7.7
9.2
8.9
8.1
8.0
9.2
9.2
9.3
17.0
14.1
15.3
16.0
15.5
15.4
16.6
18.1
17.5
19 7
18.7
7.6
'7.3
7.6
7.3
9.6
8.1
8.0
10.8
10.5
11.1
10.6
7.5
7.4
7.7
7.4
8.2
8.0
10.8
9.9
11.5
11.1
12.0
tf Beginning in the Feb. 1976 SURVEY, data (revised back to Jan. 1971) reflect new seasonal
factors and a modification of the procedures previously used to seasonally adjust a few of the
series (teenage unemployment and those few other unemployment series of which teenagers
are the exclusive or major part). Comparable monthly data back to 1967 appear in EMPLOYMENT AND EARNINGS (Feb. 1976), USDL, BLS.
S-14
SUEVEY OF CUEEENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1974
| 1975
Annual
July me
1976
1975
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May * June 9
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seasonal variation thous
Private sector (excl. government)
do
78, 413
64, 236
76, 985
62, 212
76, 689
61, 750
77, 183
62, 387
76, 439
62, 220
76,900
62,788
77,614
63,054
78,193
63,132
78,339
63,151
78, 527
63,300
77,091
62,050
77,339
62,098
77,906 ' 78,688 ' 79,152
62, 584 ' 63,392 ' 63,863
79, 852
64,670
Total employees, nonagricultural payrolls.. .do.. .
Private sector (excl. government)
"""do
Nonmanufacturing industries
do
Goods-producing
"" "
do
Mining
do
Contract construction
do
78, 413
64, 236
44, 190
24, 697
694
3,957
76, 985
62, 212
43, 865
22, 549
745
3,457
76, 510
61, 784
43, 622
22, 339
738
3,439
76, 343
61, 652
43, 552
22, 233
741
3,392
76, 679
61, 863
43, 779
22, 222
743
3,395
77,023
62,168
43,914
22,418
749
3,415
77,310
62,465
44,048
22,601
752
3,432
77,555
62,591
44,098
22,669
774
3,402
77,574
62, 599
44,117
22,657
766
3,409
77, 796
62, 793
44, 225
22, 743
769
3,406
78,179
63,214
44,492
22,914
764
3,428
78,368
63,370
44,607
22,901
763
3,375
78, 630 ' 78,963 ' 78,964
63, 595 ' 63,889 ' 63,893
44, 718 r 44,916 ' 44,937
23,013 ' 23,144 ' 23,136
'772
'773
770
3,366 ' 3, 399 ' 3, 407
78, 988
63, 913
45, 012
23,075
781
3,393
Manufacturing
do
Durable goods
do
Ordnance and accessories.
do
Lumber and wood products
do
Furniture and
fixtures
do..'..
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies, _dol.._
Transportation equipment
do
Instruments and related products. "do" .'.'.
Miscellaneous manufacturing
do
20, 046
11,895
177
626
517
690
1,344
1,505
2,218
2,030
1,821
520
448
18, 347
10, 679
171
557
451
614
1,180
1,336
2,069
1,761
1,649
489
404
18, 162
10, 595
177
546
439
609
1,168
1,324
2,064
1, 735
1,653
481
399
18, 100
10, 527
173
552
437
605
1,149
1,317
2,035
1,723
1,657
481
398
18, 084
10, 465
172
557
441
604
1,134
1,298
2,017
1,712
1,645
482
403
18,254
10,563
167
563
452
610
1,148
1,331
2,013
1,747
1,645
481
406
18,417
10, 650
165
568
464
615
1,169
1,340
2,035
1, 755
1,643
486
410
18,493
10, 661
164
576
467
615
1,149
1,344
2,039
1,767
1,641
490
409
18,482
10,653
161
576
470
616
1,146
1,339
2,032
1,764
1,648
492
409
18, 568
10,717
163
581
473
616
1,158
1,344
2,030
1,773
1,676
494
409
18,722
10,820
162
592
477
616
1,162
1,358
2,039
1,785
1,712
498
419
18,763
10,846
162
595
484
612
1,168
1,369
2,039
1,795
1,699
501
422
18, 877 ' 18,973 ' 18,956 18, 901
10, 937 ' 11,000 ' 11,040 11, 035
157
'160
161
161
'598
600
597
596
489
495
'492
487
628
'626
616 r '624
1,195
1, 181 ' 1, 186
1,173
1,382
1,389 ' 1, 389
1,381
2,056
2,049 ' 2, 054 '2,063
1,828 ' 1, 833 1,838
1,818
1,749
' 1, 739 ' 1, 748
1,726
514
'512
510
505
427
425
'430
425
Nondurable goods
do
Food and kindred" products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile "p~r~o~ducts" .doll"
Paper and allied products
do
Printing and publishing__I""II"Ido
Chemicals and allied products
lido""
Petroleum and coal products
dol.il
Rubber and plastics products, nee do
Leather and leather products
do
8,151
1,713
80
988
1,348
702
1,112
1,057
199
676
278
7,668
1,676
78
902
1,235
643
1,079
1,013
197
588
257
7,567
1,670
75
885
1,205
631
1,079
1,004
195
574
249
7,573
1,671
75
891
1,215
627
1,073
1,OCO
197
572
252
7,619
1,668
79
897
1,245
633
1,068
999
199
575
256
7,691
1,688
78
918
1,245
639
1,072
1,008
199
588
256
7,767
1,693
80
938
1, 261
648
1,075
1,011
200
599
262
7,832
1,695
79
953
1,287
652
1,071
1,019
201
608
267
7,829
1,688
81
950
1,290
652
1,072
1,020
202
604
270
7,851
1,688
79
955
1,299
658
1,074
1,018
201
608
271
7,902
1,700
79
958
1,314
665
1,069
1,024
203
615
275
7,917
1,709
77
964
1,306
667
1,069
1,029
204
617
275
7,940
1,695
75
964
1,322
671
1,075
1,030
204
627
277
53, 715
4,696
17,017
4,223
12, 794
4,208
13, 617
14, 177
2,724
11,453
54, 436
4,498
16, 947
4,177
12, 771
4,223
13, 995
14, 773
2,748
12,025
54, 171
4,491
16, 857
4,175
12, 682
4,208
13, 889
14, 726
2,732
11, 994
54, 110
4,469
16, 877
4,153
12, 724
4,202
13, 871
14, 691
2,738
11, 953
54, 457
4,464
16, 984
4,161
12, 823
4,203
13, 990
14,816
2,745
12, 071
54,605
4,466
17, 016
4, 159
12,857
4,218
14, 050
14,855
2,756
12,099
54,709
4,467
17,045
4,181
12,864
4,239
14,113
14,845
2, 765
12,080
54,886
4,476
17,043
4,180
12,863
4,246
14,157
14,964
2,767
12,197
54, 917
4,496
17,010
4,174
12,836
4,248
14,188
14,975
2,761
12,214
55, 053
4,477
17, 080
4,190
12, 890
4,264
14, 229
15, 003
2,755
12, 248
55,265
4,494
17,233
4,214
13,019
4,266
14,307
14, 965
2,746
12, 219
55,467
4,517
17,326
4,236
13,090
4,266
14,360
14,998
2,740
12,258
55,617
4,498
17, 386
4,236
13, 150
4,276
14, 422
15, 035
2,732
12, 303
53, 029
14, 613
51, 046
13,070
50, 601
12, 8C'7
51, 207
12, 981
51, 041
12, 744
51, 601
13,180
51, 873
13,428
51, 950
13,420
51,952
13,370
52, 113
13, 329
50,872
13,243
50,907
13,290
51, 361 ' 52,102 ' 52,535
13,409 ' 13,529 ' 13,563
53, 261
13,729
Production or nonsupervisory workers on private
nonagricultural payrolls
thous
Goods-producing
do
Mining
do
Contract construction
do
Manufacturing
do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and fixtures I
IlllldoIIII
Stone, clay, and glass products.-.I.IIdo
Primary metal industries. _
do
Fabricated metal products
do "I II
Machinery, except electrical
do
Electrical equipment and supplies. IldoIIII
Transportation equipment
do
Instruments and related products.. I "do
Miscellaneous manufacturing
do
53, 029
18, 374
527
3,234
14, 613
8,641
85
533
423
552
1,074
1,150
1,495
1,372
1,285
322
350
51, 046
16, 397
565
2,762
13,070
7,543
80
464
364
485
919
996
1,346
1,140
1,148
293
309
50, 629
16, 194
560
2,747
12, 887
7,454
84
454
354
479
905
985
1,339
1,113
1,151
287
303
50, 536
16, 122
561
2,712
12, 849
7,404
82
459
351
477
889
979
1,317
1,106
1,155
286
303
50, 736
16, 115
564
2,711
12, 840
7,348
81
463
355
477
878
960
1,300
1,097
1,143
287
307
51, 052
16,312
567
2,734
13,011
7,450
77
469
366
483
892
993
1,300
1,131
1,142
286
311
51,315
16,467
569
2,741
13,157
7,527
75
475
379
488
911
1,000
1,314
1,139
1,140
291
315
51, 435
16,532
585
2,712
13,235
7,548
75
483
381
488
894
1,004
1, 319
1,151
1,144
295
314
51,420
16,512
581
2,709
13,222
7,539
71
481
384
489
892
1,000
1,310
1,147
1,155
296
314
51, 592
16, 600
587
2,702
13,311
7,603
73
485
387
489
903
1,006
1,308
1,160
1,182
298
312
51,963
16,744
582
2,714
13,448
7,698
73
496
390
489
907
1,020
1,317
1,171
1,211
302
322
52,103
16,723
577
2,659
13,487
7,722
73
497
397
486
911
1,030
1,318
1,179
1,202
304
325
52, 293
16, 815
583
2, 655
13, 577
7,795
73
498
399
489
917
1,040
1,326
1,197
1,224
305
327
' 52,557
' 16,928
'584
' 2, 701
' 13,643
' 7, 891
73
'500
'407
'499
'929
' 1, 049
' 1, 336
1,215
' 1, 241
'313
'329
52, 559
16,864
593
2,686
13, 585
7,882
71
502
404
500
938
1,041
1,328
1,218
1,240
313
327
Nondurable goods
do
Food and kindred" products
do
Tobacco manufactures
do
Textile mill products
do"
Apparel and other textile prod'ucts.IIdoII"
Paper and allied products.. ..
do
Printing and publishing..
do
Chemicals and allied products
do ..
Petroleum and coal products
do
Rubber and plastics products, nec_."do
Leather and leather products
do
5,972
1,164
66
862
1,163
540
671
612
126
530
237
5,528
1,136
65
782
1,061
483
636
570
125
450
219
5,433
1,131
62
766
1,033
472
636
562
123
436
212
5,445
1,133
62
771
1,043
469
631
560
125
436
215
5,492
1,131
65
777
1,071
474
629
560
127
439
219
5,561
1,147
65
800
1,071
479
632
566
128
453
220
5,630
1,150
66
819
1,086
487
632
573
128
463
226
5,687
1,154
65
832
1,107
490
630
579
129
471
230
5,683
1,143
67
831
1,112
492
629
580
130
466
233
5,708
1,144
66
836
1,121
497
631
579
130
470
234
5,750
1,156
66
837
1,133
502
627
583
131
477
238
5,765
1,166
64
841
1,127
505
626
587
132
479
238
5,782 ' 5, 810 ' 5, 752
1,164 ' 1, 167
1,153
62
'62
62
849
'848
842
1,135 ' 1, 131
1,140
516
512
508
'632
630
629
'588
'590
588
'132
133
132
'434
'494
488
241
242
240
5,703
1,154
60
841
1,128
508
625
585
131
432
239
34, 656
4,058
15, 065
3,526
11, 540
3,240
12. 293
34, 652
3,857
14, 964
3,462
11, 502
3,221
12,607 1
34, 435
3,849
14, 862
3,458
11,404
3,209
12,515
34, 414
3,831
14, 896
3,440
11, 456
3,208
12, 479
34, 848 34, 903
3,835
3,828
15, 076 15, 077
3,463 3,459
11,613 11,618
3,232
3,234
12,710 12,759
34,908
3,854
15,031
3,452
11,579
3,240
12, 783
34, 992
3,832
15, 087
3,467
11,620
3,251
12, 822
35,219
3,854
15,226
3,492
11,734
3,258
12,881
35,380
3,880
15,304
3,509
11,795
3, 258
12,938
Seasonally Adjusted
Service-producing
do
Trans., comm., electric, gas, etc
do
Wholesale and retail trade
do
Wholesale trade
"
"do
Retail trade
do
Finance, insurance, and real estate
do
Services
"do" . I "
Government
I I . I I I I I I "do
Federal
".""do
State and local
do
Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted
thous
Manufacturing
do
7,973
' 1, 707
75
••972
' 1,317
674
'1,077
' 1, 033
204
'634
280
r
55,819
' 4, 510
17,444
r 4, 255
r
13,189
' 4, 293
r 14,498
15, 074
2,730
12, 344
'7,916
' 1, 710
75
973
1,314
680
'1,080
'1,030
'203
'572
'279
7,866
1,701
73
964
1,310
668
1,073
1,027
202
571
277
' 55,828
' 4, 502
' 17,435
' 4, 261
' 13,174
' 4, 278
' 14,542
' 15,071
' 2, 727
' 12,344
55, 913
4,506
17, 454
4,259
13, 195
4,297
14, 581
15,075
2,717
12, 358
Seasonally Adjusted
Service-producing
Transportation, comm., elec., gas, etc
Wholesale and retail trade
Wholesale trade
Retail trade .
Finance, insurance, and real estate
Services
' Revised.
* Preliminary.
do
do
do
do
do
do
"do""
34, 621 34, 740
3,827
3,825
14, 992 15, 032
3,445
3,448
11, 544 11, 587
3,218
3,203
12, 599 12,665
35, 478
3,863
15, 349
3, 505
11,844
3,268
12, 998
' 52,551
r 16,942
'586
' 2, 688
' 13,668
'7,858
74
500
404
'497
'925
1,049
1,328
1,209
' 1, 236
310
326
' 35,609
' 3, 869
' 15,411
' 3, 520
' 11,891
' 3, 276
' 13,053
' 35,629 35, 695
3,877
3,854
' 15,412 15, 420
' 3, 527 3,522
' 11,885 11, 898
3,279
' 3, 260
' 13,103 13, 119
SURVEY OF CURRENT BUSINESS
July 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1976
1975
1975
Annual
S-15
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May v
June*
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
AVERAGE HOURS PER WEEK
Seasonally Adjusted
Avg. weekly hours per worker on private nonagric.
payrolls: H Seasonally adjusted
hours.. ~~""36.~6"
Not seasonally adjusted
do
Mining
.
do"
42. 4
Contract construction
do
36. 9
Manufacturing: Not seasonally adjusted... do
40.0
Seasonally adjusted... do
Overtime hours
do
3.2
36.1
40 O
4:Z. o
36. 6
39*. 4
2.6
35.9
35. 8
42 6
36 9
39! o
39.0
2.' 4
36.4
36.0
43.1
37.9
39.9
40.3
36.2
35.9
42.8
35.9
40.0
40.2
'36.1
3.0
3.1
3.2
>-35.9
'42.6
37. 5
39.2
39.4
2.5
36.3
36.2
42.6
'37.3
'40.2
'40.2
'3.2
36.1
36.4
42.4
37.2
40.4
40.2
3.1
40.7
40.9
40.7
40.6
39! 4
39. 1
40^9
40. 2
40. 5
40. 9
39.6
40. 8
39.9
38.' 6
41 3
40!2
39. 5
4L3
40. 3
41.1
41.2
40.1
41.9
40.3
39.2
41.4
40.8
39.4
41.5
40.4
41.0
41.3
40.4
41.7
40.4
39.1
40.7
40.5
39.3
41.4
40.6
41.0
41.2
40.2
41.6
40.2
38.7
40.8
39.9
39.0
40.7
40.5
40.9
41.0
40.1
42.1
40.5
38.8
39.7
2.5
'39.6
'40.0
'38. 4
41.0
••40. 4
39.6
40.2
'39.2
'40.6
'39.6
'38.0
'40.9
'3.2
'40.6
'40.2
'39.0
'41.4
'41.0
40.9
'41.1
'40.2
42.0
'40.8
'38.7
40.7
3.3
40.8
39.8
38.6
41.3
41.1
40.7
41.0
40.1
42.4
40.7
38.6
39.5
3. 0
40. 6
37.5
41. 0
36.2
39.5
39.7
39.9
39.7
39.5
40.4
39.7
41. 0
sell
40.5
37.7
41.2
36.6
40.7
39.1
41.4
36.6
40.5
39.5
40.9
36.3
40.2
39.3
40.7
36.2
38.7
'2.6
40.0
'39.0
'39.0
34.9
39.5
3.1
40.3
38.1
'40.7
'35.9
39.3
2.9
40.2
37.8
40.2
36.0
42.2
36.9
41.3
41.6
40.1
38.4
42.3
37.0
41. 4
40.0
38.9
42.4
37.3
41.4
42.0
40.0
38.4
42.9
37.6
41.7
41.8
40.6
38.7
42.7
37.8
41.6
42.5
40.9
38.6
42.7
37.5
41.7
42.4
40.9
38.4
42.5
37.4
41.5
42.4
41.0
38.6
41.8
37.1
'41.5
'42.2
39.4
'37.5
'43.0
'37.5
'41.6
'42.2
40.7
'38.1
42.8
37.3
41.2
42.3
40.2
37.3
r40.0
33.9
'38.9
32.5
'36.6
33.5
'39.8
'33.8
'38.7
32.4
36.8
'33.7
39.4
33.6
38.6
32.1
36.6
33.5
36.4
36.5
42 g
37 3
40'.8
40.3
3. 0
36.5
36.0
43.0
37.7
39.9
40.5
40 2
2. 7
4L7
36.1
36.3
42 1
36 7
40^2
39.8
36.2
36.2
2.8
2.8
39.9
39. 8
2 8
40.1
39.9
2. 8
40.2
40. 2
4L 2
39! 5
38.3
40^7
39. 9
4o!o
4o!s
3s! i
39.6
41.2
39^5
38.2
41.7
39.6
38.9
40'.8
39.9
40.2
40.7
39.6
40.9
39.7
38.7
40 0
2 6
41. 6
39^8
38 9
38.8
39.3
39.4
40. 1
35! 4
39! 6
3s! 2
40.7
37.6
40.4
35.5
40.9
38.0
40.9
36.0
41.6
36.7
40. 9
37.8
42.1
37.1
41.1
41.0
40.1
38.0
36.0
36.3
42 2
35 7
39^5
39.3
2. 4
36.0
36.4
49 1
*tz. i
39 6
2. 3
41. 6
39l 0
37 6
39 8
2 5
40. 1
39^1
37 8
39. 6
39.' 5
40^4
39.3
40.' 0
39! 4
38.3
39. 7
39^5
4ol 5
39.' 5
4o! 7
39! 7
38. 7
2. 6
39.9
39.8
39. 2
35.2
qo o
OO. /
39.2
39.4
2 6
36.2
36.6
41 8
36. 7
39^7
39.7
49 7
I/. /
qc a
OO. O
36.3
36.2
49 Q
4:4. »
qe O
OO. O
Durable goods. ._
do
Overtime hours
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
dol.l"
Stone, clay, and glass prod'ucts
do""
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies ._."_ do" ~~
Transportation equipment
do"
Instruments and related products
do
Miscellaneous manufacturing ind.
do
40.7
41.7
39.7
39. 0
41.4
41.7
40.8
42.3
39.8
40.1
40.2
38.5
4L3
40.0
40.0
40. 9
39^5
40. 3
39.5
38.3
39.5
2. 2
4l! 1
38^8
37 5
40.' 2
39. 5
39^5
40.5
39. 1
39! 5
39. 3
38. 1
Nondurable goods
Overtime hours. _
Food and kindred products.
Tobacco manufactures
Textile mill products
Apparel and other textile products
do
do
do
do
do
do
39.1
38.8
38.3
40.4
38.0
39.4
35.1
40.3
38.0
39.2
35.1
do
do"""
do
do
do
do
42.1
37.6
41.6
42.5
40.4
37.2
41.6
37.0
40.9
41.6
39.7
37.4
40.9
36.7
40. 6
39.6
36.5
41.5
36.7
40.7
41. 2
39.6
37.5
Trans., comm., elec., gas, etc
do
Wholesale and retail trade. _
-~-I-~~~~do~"~~
Wholesale trade
do
Retail trade
do
Finance, insurance, and real estate
do
Services
do
40.2
34.1
38.9
32.7
36.7
33.9
39.6
33.8
38.6
32.4
36.5
33.8
39 2
33.9
38.6
32! 5
36.4
33.9
39.5
33.8
38.4
32^4
36.5
33.9
39.4
33.6
38.5
32! 2
36.3
33.7
39.5
33.8
38.6
32.3
36.3
33.8
39.7
33.6
38.5
32.2
36.3
33.6
39.7
33.9
38. 8
32.3
36.4
33.7
39.6
33.8
38.7
32.5
36.7
33.9
39.9
33.9
38.8
32.4
36.4
33.6
39.6
33.9
38.9
32.5
36.5
33.7
39.8
33.9
38.8
32.3
36.7
33.7
39.9
33.7
38.7
32.2
36.5
33.5
Employee-hours, wage & salary workers in nonagric. establish., for 1 week in the month, seasonally adjusted at annual rate
bil. hours. _
Total private sector _
do
Mining
do
Contract construction
do
Manufacturing
do
Transportation, comm., elec., gas.
do
Wholesale and retail trade
do
Finance, insurance, and real estate
do
Services
do
Government
do
150.72
122. 63
1.53
7.58
41.50
9.82
30.27
8.01
23.93
28.08
146. 75
117. 58
1.64
6.58
37.62
9.27
29. 88
8.01
24.59
29. 17
145. 70
116. 60
1.64
6.60
36.95
9.16
29.81
7.96
24.48
29.10
145. 04
116. 24
1.63
6.30
36.98
9.18
29.73
7.98
24.45
28.80
145. 35
116. 46
1.63
6.39
37.05
9.15
29.80
7.93
24.52
28.89
146.81
117.61
1.63
6.52
37.70
9.17
29.94
7.96
24.69
29.20
147.26
118.00
1.65
6.55
38.06
9.18
29.91
8.00
24.66
29.26
148.29
118.49
1.72
6.48
38.17
9.24
30.04
8.04
24.81
29.80
148.44
118.92
1.71
6.52
38.22
9.26
30.09
8.11
25.01
29.51
149.09
119.37
1.71
6.61
38.66
9.29
30.17
8.07
24.86
29.72
150.30
120. 50
1.71
6.72
39.12
9.25
30.53
8.10
25.07
29.80
149.78
120.62
1.71
6.65
39.07
9.35
30.53
8.14
25.16
29.17
149. 87
120. 32
1.71
6.28
39.21
9.33
30.54
8.12
25.12
29.55
Indexes of employee-hours (aggregate weekly) :f
Private nonagric. payrolls, total
1967 = 100..
Goods-producing
.
do
Mining
do
Contract construction
do
Manufacturing
do
Durable goods
do
Nondurable goods
do
Service-producing
do
Transportation, comm., elec., gas
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
_
do
Finance, insurance, and real estate
do
Services
do
113.0
103.4
111.7
117.1
100.7
102.0
98.8
119.7
108.6
116.2
114.4
116.9
125.0
127.9
107.4
91.2
119.5
99.0
88.8
87.5
90.8
118.6
101.7
114.3
111.6
115.3
123.5
130.8
106.3
89.4
119.4
99.3
86.6
85.4
88.2
118.0
100.3
113.9
111.4
114.8
122.9
130.3
106.0
88.9
118.4
94.9
86.8
85.2
89.1
117.8
100.6
113.7
110.3
115.0
123.2
129.9
106.2
89.3
118.8
96.2
87.1
84.9
90.2
118.0
100.3
114.0
110.8
115.2
122.3
130.4
107.4
91.2
118.6
98.3
89.0
86.7
92.4
118.7
100.5
114.6
111.0
115.9
122.9
131.4
107.9
92.4
119. 9
98.6
90.3
87.7
108.4
92.7
125.0
97.3
90.8
87.8
94.1
118.7
101.1
114.6
111.3
115.8
123.5
131.1
95.1
119.3
101.2
115.1
112.0
116.2
123.7
132.0
108.8
92.9
124.7
97.7
90.9
88.1
95.0
119.8
101.5
115.2
111.5
116.6
125.1
133.1
109.3
94.3
125.7
98.8
92.5
90.0
96.2
119.7
101.7
115.5
112.3
116.6
124.5
132.3
110.3
95.5
125.2
100.3
93.7
91.3
97.1
120.6
101.5
116.8
113.4
118.1
125.1
133.3
110.5
95.2
124.4
98.8
93.6
91.3
96. 9
121. 0
102. 7
116.8
113. 6
118.0
125. 8
133.9
110.2
94.8
124.8
93.4
94.0
92.0
96.9
120.9
102.5
116.8
113.2
118.1
125.5
133.7
4.22
5.21
6.75
4.41
4.24
4.69
4.50
4.71
3.91
3.50
4.52
5.60
4.59
4.92
4.17
5.48
4.20
3.50
4.54
5.90
7.25
4.81
4.66
5.14
4.98
5.23
4.28
3.75
4.89
6.17
5.04
5.36
4.58
6.02
4.56
3.79
4.48
5.81
7.12
4.75
4.61
5.06
4.93
5.15
4.17
3.70
4.83
6.04
4.98
5.29
4.53
5.88
4.52
3.75
4.51
5.87
7.18
4.78
4.63
5.10
4.95
5.17
4.25
3.72
4.87
6.07
5.03
5.32
4.58
5.96
4.54
3.78
4.53
5.88
7.24
4.81
4.65
5.13
4.98
5.22
4.31
3.74
4.93
6.11
5.04
5.33
4.61
6.00
4.56
3.79
4.56
5.92
7.27
4.82
4.65
5.16
5.00
5.28
4.39
3.78
4.96
6.29
5.10
5.39
4.60
6.01
4.57
3.79
4.64
6.02
7.42
4.89
4.70
5.24
5.06
5.39
4.43
3.79
5.01
6.39
5.17
5.47
4. 66
6.14
4.60
3.82
4.66
6.02
7.42
4.90
4.72
5.26
5.08
5.41
4.42
3.81
5.02
6.35
5.19
5.51
4.66
6.24
4.60
3.83
4.68
6.11
7.45
4.93
4.76
5.29
5.11
5.44
4.41
3.82
5.06
6.43
5.22
5.54
4.70
6.25
4.64
3.87
4.68
6.17
7.51
5.00
4.82
5.38
5.19
5.54
4.43
3.85
5.06
6.48
5.29
5.62
4.78
6.39
4.74
3.94
4.72
6.27
7.50
5.02
4.85
5.38
5.20
5.49
4.46
3.86
5.05
6.51
5.29
5.61
4.77
6.35
4.75
3.97
4.74
6.29
7.47
5. 04
4.86
5. 40
5.21
5.54
4.48
3.87
5.07
6.56
5.30
5.63
4.78
6.38
4.77
3.95
4.75
6.29
7.54
5.07
4.88
5.43
5.24
5.56
4.50
3.90
5.11
6.63
5.32
5.66
4.80
6.44
4.78
3.96
Paper and allied products..
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
3.4
3.0
39 9
2. 5
39! 1
37 9
4o!e
2.7
2.4
39^9
36.9
38. 9
34.4
4L5
4o!s
4o!e
2'g
4i!s
4o!o
2.7
2.9
2*7
3.0
4o!s
39. 9
40*4
40. 6
39. 6
40. 4
39'. 7
38.8
4L8
slo
2^9
3.2
2.9
3.3
3.0
3.1
3.1
3.2
AGGREGATE EMPLOYEE-HOURS
Seasonally Adjusted
' 149.14 ' 151.12
' 120.84 ' 121.58
1.71
'1.71
'6.63 '6.61
' 38. 80 ' 39. 50
'9.38 '9.32
' 30. 90 ' 30. 77
'8. 17 '8.19
' 25. 26 ' 25. 48
28.30 ' 29. 54
150. 39
120. 91
1.72
6.56
39.24
9.23
30.57
8.18
25.40
29.48
110.7
' 110. 7 111.4
95.4
96.1
94.5
' 124. 9 ' 124. 5 125.8
97.9
'98.8 '98.7
93.9
92.7 '94.6
93.3
'91.0 '93.5
94. 9
95.3 '96.3
121. 3
' 121. 9 122.0
' 102. 9 ' 102. 0 101.6
117.0
118.2 '117.8
113.5
' 114. 3 ' 113. 9
118.3
'119.7 '119.3
' 126. 1 ' 126. 2 126.2
' 134. 3 ' 135. 6 134.9
HOURLY AND WEEKLY EARNINGS
Average hourly earnings per worker:H
Not seasonally adjusted:
Private nonagric. payrolls
.dollars-Mining
do
Contract construction
do
Manufacturing
do
Excluding overtime
do
Durable goods
do
Excluding overtime
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies. do
Transportation equipment
do
Instruments and related products. -do
Miscellaneous manufacturing ind. ..do
•Revised.
v Preliminary.
n Production and nonsupervisory workers.
4.77
'6.33
'7.50
5.07
4.92
5.41
5.26
5.59
' 4. 52
3.91
'5.20
'6.77
5.27
5.62
4.76
6.31
4.77
'3.95
'4.82
'6.36
' 7.62
'5.12
4.93
' 5. 49
' 5.28
'5.66
'4.59
'3.93
'5.26
'6.72
'5.41
'5.69
'4.81
'6.48
'4.82
'3.99
4.83
6.34
7.61
5. 15
4.95
5.51
5. 29
5.60
4. 66
3. 95
5. 29
6.74
5. 43
5.71
4.82
6.51
4.83
3.99
SURVEY OF CURKENT BUSINESS
S-16
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
July 19T6
1975
1975
May
Annual
June
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May ' June p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS— Con.
Avg. hourly earnings per worker, private nonagric.
payrolls. Not seas, adj. 1 —Continued
Manufacturing— Continued
Nondurable goods
dollars..
Excluding overtime
do
Food and kindred products
do_.
Tobacco manufactures
-do
Textile mill products
do
Apparel and other textile prod
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, comm., elec., gas
do
Wholesale and retail trade
- ..do
Wholesale trade
do
Retail trade
do
Finance, insurance, and real estate.
do
Services
do
Seasonally adjusted:
Private nonagricultural payrolls
do
Mining
do
Contract construction
do
Manufacturing
- do
Transportation, comm., elec., gas
do
Wholesale and retail trade
do
Finance, insurance, and real estate
do
Services
- - - - do
Indexes of avg. hourly earnings, seas, adj.: 0 11
Private nonfarm economy:
Current dollars
1967=100..
1967 dollarsA
do
Mining
do
Contract construction
do
Manufacturing
do
Transportation, comm., elec., gas...
do
Wholesale and retail trade
do
Finance, insurance, and real estate..
do
Services
do
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (E NR): cf
Common labor
$ per hr
Skilled labor
do
Farm (U.S.) wage rates, hired workers, by
method of pay:
AII worKers, inciUQing piece rate
<p per nr__
Workers receiving cash wages only.
do
Workers paid per hour cash wages only do
Railroad wages (average, class I)§
do
Avg. weekly earnings per worker, ITprivate nonfarm:
Current dollars, seasonally adjusted
1967 dollars, seasonally adjusted A
--Spendable earnings (worker with 3 dependents) :
Current dollars, seasonally adjusted
1967 dollars, seasonally adjusted A
Current dollars, not seasonally adjusted:
Private nonfarm, total
dollars
Mining
do
Contract construction
do
Manufacturing
_
do
Durable goods
do
Nondurable goods
_.
do .
Transportation, comm., elec., gas
_do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
Finance, insurance, and real estate. . . do...
Services
.
.
..
do
HELP-WANTED ADVERTISING
Seasonally adjusted index
1967=100
LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employees..
New hires
do
Separation rate, total
do
Quit
___
do
Layoff
.
do
Seasonally adjusted:
Accession rate, total
do
New hires
do
Separation rate, total
do
Quit
_
do
Layoff
do
WORK STOPPAGES!
Industrial disputes:
Number of stoppages:
Beginning in month or year
3.99
3.84
4.16
4.10
3.19
2.99
4.51
4.97
4.85
5.61
4.03
3.01
5.43
3.47
4.49
3.09
3.82
3.76
4.35
4.20
4.57
4.51
3.40
3.19
4.99
5.36
5.37
6.42
4.35
3.23
5.92
3.75
4.89
3.34
4.13
4.06
4.30
4.17
4.52
4.77
3.33
3.15
4.86
5.32
5.30
6.33
4.30
3.20
5.78
3.72
4.83
3.31
4.11
4.01
4.32
4.18
4.54
4.89
3.34
3.16
4.95
5.35
5.35
6.38
4.33
3.21
5.83
3.73
4.87
3.33
4.16
4.02
4.36
4.21
4.55
4.62
3.34
3.16
5.05
5.41
5.42
6.51
4.42
3.22
5.90
3.73
4.88
3.33
4.13
4.03
4.36
4.20
4.58
4.32
3.38
3.16
5.10
5.45
5.44
6.55
4.39
3.21
6.05
3.76
4.93
3.35
4.15
4.03
4.41
4.23
4.62
4.29
3.48
3.22
5.11
5.49
5.48
6.61
4.41
3.26
6.11
3.80
4.94
3.39
4.16
4.13
4.42
4 25
4.65
4.27
3 53
3.24
5.15
5.49
5 50
6.61
4.42
3.25
6.14
3.82
4 98
3 41
4.17
4.16
4.45
4.28
4.70
4.40
3.53
3.25
5.21
5.47
5.56
6.66
4.44
3.28
6.19
3.83
5.02
3.41
4.24
4.22
4.48
4.31
4.75
4.54
3.55
3.27
5.23
5.50
5.61
6.67
4.51
3.31
6.18
3.81
5.03
3.40
4.23
4.23
4.53
4.37
4.81
4.84
3.57
3.33
5.25
5.53
5.66
6.96
4.50
3.37
6.23
3.89
5.05
3.47
4.26
4.26
4.54
4.38
4.83
4.88
3.56
3.33
5.25
5.58
5.69
7.03
4.52
3.39
6.29
3.90
5.07
3.48
4.33
4.29
4.56
4.39
4.84
5.01
3.57
3.37
5.25
5.60
5.70
7.08
4.55
3.40
6.29
3.91
5.06
3.48
4.31
4.28
'4.59
4.44
4.88
'5.12
3.52
3.37
'5.26
'5.60
'5.77
'7.12
4.50
3.41
'6.35
3.92
5.10
3.50
'4.34
4.30
4.59
4.42
'4.90
'5.14
'3.57
'3.38
5.32
5.65
'5.80
'7.11
'4.37
'3.42
6.38
'3.95
'5.17
'3.52
' 4. 37
'4.33
4.62
4.45
4.93
5.15
3.58
3.38
5.37
5.67
5.85
7.16
4.38
3.42
6.39
3.95
5.13
3.53
4.32
4.33
4.22
5.21
6.75
4.41
5.43
3.47
3.82
3.76
4.54
5.90
7.25
4.81
5.92
3.75
4.13
4.06
4.49
5.82
7.16
4.75
5.82
3.71
4.11
4.01
4.51
5.89
7.27
4.78
5.87
3.73
4.18
4.04
4.54
5.92
7.33
4.82
5.90
3.74
4.14
4.06
4.57
5.97
7.30
4.86
6.05
3.78
4.18
4.08
4.60
6.01
7.32
4.88
6.04
3.79
4.16
4.10
4 63
6.08
7 32
4 90
6,12
3 82
4.18
4.15
4.68
6.10
7.41
4.93
6.17
3.84
4.26
4.22
4.68
6.11
7.46
4.96
6.17
3.84
4.22
4.22
4.73
6.19
7.46
5.00
6.22
3.87
4.24
4.25
4.75
6.26
7.46
5.04
6.29
3.88
4.30
4.27
4.77
6.30
7.59
5.08
6.33
3.90
4.30
4.27
4.78
'6.30
'7.56
5.06
'6.37
3.91
'4.33
4.30
'4.83
'6.37
'7.66
'5.13
6.42
'3.94
'4.37
'4.33
4.83
6.37
7.70
5.16
6.44
3.95
4.34
4.35
158.6
107.4
163.1
163.7
156.0
167.3
155.0
148.6
163.3
172.7
107.1
183.2
175.4
171.5
182.5
168.1
161.5
176.0
170.6
107.0
180.7
173.4
169.7
179.3
166.4
160.4
173.5
172.2
107.2
182.8
175.9
171.0
181.1
167.5
163.1
175.5
173.1
106.7
184.0
177.4
172.2
' 182.0
168.3
161.5
175.8
174.6
107.3
186.2
176.7
173.3
186.2
170.5
163.0
177.1
175.2
107.2
187.2
177.3
174.5
186.3
170.5
162.6
177.8
178.6
107.3
190.2
180.3
177.6
190.5
172. 4
165.1
182.6
179.6
107.5
192.2
180.0
178.8
192.2
174.0
165.9
184.6
180.8
108.1
193.6
180.1
179.8
194.1
174.4
168.3
185.4
181.4
108.2
194.8
183.4
180.7
194.8
174.9
168.3
185.2
' 182. 2
108.3
' 195. 9
' 183. 2
181.8
' 195. 5
' 175. 7
' 169. 0
' 186. 5
' 183. 7
108.5
' 198. 0
' 185. 3
182.4
' 198. 1
' 177. 4
' 170. 6
' 188. 0
184.2
108.3
198.4
186.4
183.2
198.7
177.3
169.2
188.6
7.55
10.18
8.30
11.01
8.06
10.76
8.23
10.93
8.44
11.08
8.57
11.26
8.58
11.29
8.62
11.42
8.62
11.42
8.63
11.43
8.63
11.44
8.63
11.52
8.77
11.69
8.96
11.86
2 25
91
2 00
174. 36
102. 50
2
2 43
2 29
2 OK
2.39
2.31
r
178.2
176.7
107 4 ' 107. 6
189.4
188.9
179.2
177. 6
176.9
176 0
188.8 190.7
171 9 172.9
163.8 167.1
179 4 182.2
8 59
11 35
8.60
11.37
2.66
2.63
2.81
2.64
2 75 "
9 M
2.56
2.82
2 65
2.43
2 32
5.707
2.60
2.45
154. 45
104. 57
163. 89
101. 67
161. 19
101.06
162. 36
101. 10
163. 44
100. 76
165. 43
101. 62
166. 06
101. 57
167 61
101 89
169. 88
102. 65
170. 35
102. 37
172.65
103.32
172.90
103.35
172. 67 ' 172.56 ' 175.33
T
103. 03 ' 102.53 103.56
134. 37
90.97
145. 93
90.53
146. 00 146. 91
91.54 91.48
147. 76
91.10
149.31
91.71
149. 81
91.63
151 02
91 81
152. 76
92.30
153. 12
92.02
153.72
91.99
153.91
92.00
154. 45
220. 90
249. 08
176. 40
190. 88
156. 01
218. 29
118. 33
174. 66
101. 04
140. 19
127. 46
163. 89
249. 57
265. 35
189. 51
205. 09
168. 78
234. 43
126. 75
188. 75
108. 22
150. 75
137. 23
160. 38
247. 51
262. 73
185. 25
199. 87
164. 26
226. 00
124. 99
185. 96
106. 25
149. 19
134. 74
163. 71
250. 65
262. 07
188. 81
203. 49
168. 05
231. 45
127. 19
187. 98
109. 22
151. 84
137. 08
164. 89
248. 72
270. 05
188. 55
202. 64
169. 60
235. 41
128. 69
188. 86
110. 89
150. 33
138. 23
166.90
248.64
274.81
191.35
205.88
172.22
241.40
130.10
190.79
111.89
151.06
138.23
168. 43
255.25
278.99
196. 58
212.22
175. 52
243. 79
128. 06
190.68
109.50
150.59
139. 18
168. 69
259 46
278 25
195 51
211 45
175 03
244. 99
128. 73
193 22
109 46
151 79
139 78
169. 42
262. 73
270. 44
197. 69
213. 72
176. 67
245. 12
128. 69
194. 27
109. 46
155. 18
142. 21
170. 82
264.69
275.62
204. 00
222. 73
179.20
246.58
130.30
197.18
111.18
153. 97
142.13
169.92
266.48
270.00
200. 30
216.81
178. 48
244.84
129.93
195.44
110 69
155.49
142 71
170.64
268.58
272.66
201.10
218.16
178. 42
248.46
130.26
195.20
110.66
158.91
143. 72
153. 73 ' 153.65 ' 155.78 155. 04
91.72 ' 91. 30 ' 92. 01 91.15
'
170. 53 ' 171.24 r 174.48 175. 81
265.44 ' 267.76 r 270.94 272. 62
269.18 ' 287.25 r 284.23 289. 18
202. 80 198. 74 205.82 208. 06
219. 92 214. 24 ' 224.54 225. 91
179.21 ' 176.72 180. 85 182. 49
248.46 ' 251.46 ' 253.29 253. 04
130.20 131. 71 ' 132.33 133. 91
194. 81 ' 196.86 ' 199.56 199. 04
110. 32 112. 35 ' 112.64 114. 73
156.88 ' 158.84 ' 160.38 158. 11
r
142.52 143. 19 144.62 145. 92
110
80
74
81
84
83
83
83
87
88
87
93
94
91
'94
96
4.2
3.2
4.8
2.3
1.5
3.7
2.0
4.2
1.4
2.1
3.9
2.0
3.9
1.3
1.8
4.5
2.5
3.6
1.3
1.5
4.5
2.6
4.4
1.5
2.0
5.1
3.1
4.6
2.4
1.3
4.6
3.0
4.3
2.0
1.4
3.7
2.4
4.0
1.6
1.6
2.8
1.7
3.5
1.2
1.7
2.2
1.3
3.4
.9
1.9
3.8
2.1
3.7
1.3
1.6
3.5
2.1
3.1
1.2
1.1
4.2
2.6
3.5
1.5
1. 1
3.9
2.5
3.5
'1.6
1. 1
4.4
3.0
3.4
1.7
.9
4.8
3.6
3.5
1.8
3.5
1.8
4.1
1.3
2.6
3.5
1.8
3.9
1.3
2.1
4.2
2.4
4.0
1.5
1.5
4.0
2.4
3.6
1.5
1.5
3.7
2.3
3.5
1.3
1.7
3.6
2.2
3.7
1.5
1.7
3.7
2.3
4.0
1.6
1.6
3.8
2.4
3.9
1.5
1.3
4.2
2.4
3.5
1.5
1.2
4.2
2.7
3.5
1.6
1.1
4.4
2.9
3.9
1.7
1.2
4.1
2.7
3.7
' 1. 7
1.3
3.9
3.8
3.8
1.7
1. 3
3.8
6.077
2.97
2 76
653
446
339
288
278
'239
' 495 '426
'300
'420
'555
'518
••533
6,074 ' 5, 031
numberr QQ7
912
r R3fi
r R9*}
r 8QQ
531
r fi^fl
r Q7fi
474
650
428
' 656 r 566
Workers involved in stoppages:
_ -1 An
on
r
r Rfi
222
r 91 7
493
143
74
54
1, 746
Beginning in month or year
thous..
2,778
402
180
550
114
100
'153
'372
'143
'•382
••325
'246
••298
In effect during month
do
'265
4,633
3,222
1,398
726
Days idle during month or year
do.-.
47, 99l r 31, 237 ' 3, 319 r 3, 362 r 4, 465 ' 3, 377 ' 3, 684 ' 2, 327 ' 1, 737 ' 1, 854 1,120
SURVEY data revised (back to 1967) in accordance with the new seasonal adjustment methods
' Revised.
* Preliminary.
f Production and nonsupervisory workers.
(D The
for the CPI.
d" Wages as of July 1, 1976: Common, $9.06; skilled, $12.05.
indexes exclude effects of changes in the proportion of workers in high-wage and low-wage
t Revisions for Jan-Apr. 1975 (units and order as above): Jan., 340; 581,132; 178; l,60o; Feb.,
industries, and the manufacturing index also excludes effects of fluctuations in overtime
339; 540; 109; 171; 1,557; Mar., 375; 612; 101; 169; 1,774; Apr., 491; 751; 131; 205; 2,177.
premiums.
§ For line-haul roads only.
A Earnings in 1967 dollars reflect changes in
purchasing power since 1967 by dividing by Consumer Price Index. Effective Feb. 1976
SUEVEY OF CURRENT BUSINESS
July 1976
S-17
i
Annual
1976
1975
1975
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
May
June
July
Aug.
Sept.
Nov.
Oct.
Dec.
Jan.
Mar.
Feb.
May
Apr.
June
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
weekly § $
_
thous
2,568
4,917
5,202
State programs:
Initial claims
do
18, 880 " 24, 764 1,749
Insured unemployment, avg. weekly. ..do
2,260 " 3, 967
4,281
Percent of covered employment: A
3.5
Unadjusted
6.4
6.0
Seasonally adjusted
6 7
1,874
Beneficiaries, average weekly
thous_.
*> 3, 356
3,837
5, 974. 9 "12 052 6 1 145 1
Benefits paid §
mil $
Federal employees, insured unemployment,
average weekly
thous
Veterans' program (UCX):
Initial claims . . _ __
do
Insured unemployment, avg. weekly do
Beneficiaries, average weekly
do
Benefits paid
_
mil $
Railroad program:
Applications
thous
Insured unemployment, avg. weekly ..do ._
Benefits paid
_ _ ,. _
mil. $
40
377
71
65
249.2
69
10
22.2
"44
"412
" 100
p 101
P 386. 2
153
27
89.5
4,892
4 979
4 120
4 461
4 962 p 4 721
"4 366
P 3917
"3 564
1 832
3,878
2 202 P 1 570 P 1 520 p 1 677 rv<2 420
3,861 3,422
3,061 2,919
3,' 046
P 2 324
3 410
v\ 577
3 722
"1 578
3,408
"1 470
P 3,023
" 2, 724
4 576
4 238
4 039
2 327
3 898
5.1
46
52
5.8
58
4 6
4.4
"4.6
51
5 9
56
"42
65
6 1
4 2
6 3
61
5 4
4 5
4 3
58
4 8
3,208 p 2, 952 p 2, 489 "2,306 p 2,349 "2,685 p 3, 207 "3,203 "3,008 " 2, 718
3,437
984 0 1 086 9 p 879 6 "763 8 p 750 4 P 671 8 P 886 8 "1 018 7 "946 6 "1 024 1 "884 2
"4.2
"4 3
40
40
43
43
44
44
48
48
53
52
51
"47
28
92
95
30 0
34
91
95
29 0
41
98
94
32 3
"36
101
"103
"32 7
p 41
105
P 99
P 33 0
"39
107
p 101
p 35 7
p 30
"38
113
"34
117
"30
"32
"28
p 106
p 32 7
4
20
4 2
18
18
39
28
23
39
13
24
49
15
35
16 1
10
31
12 8
13
45
6
39
4
34
5
29
10 3
14 0
17 4
15 7
17 3
11.8
3
23
9.4
109
10
32
"113
i>40 2
9
37
"120
"40 9
"111
"116
"35 9
" 93
" 104
"109
" 99
"38 8 " 34.0
"43
"87
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers 'acceptances
mil. $
Commercial and financial co paper total
do
Financial companies .
do
Dealer placed _ .
do
Directly placed
_
do
Nonfinancial companies
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period.
mil $
Farm mortgage loans:
Federal land banks.
_ ... ..
do
Loans to cooperatives
do
Other loans and discounts.
do
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 S MSA's) O
bil $
New York SMSA
do.___
Total 232 SMSA's (except N.Y.).__.
do
6 other leading S MSA's |
do
226 other SMSA's
do
Federal Reserve banks, condition, end of period:
Assets, total 9mil $
18,484
49,144
36, 450
4,611
31, 839
12, 694
27, 384
13,864
3,575
9, 925
113,611
_
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
16, 456
49,810
37,817
5,645
32,172
11, 993
16, 790
48,257
36,070
5,574
30,496
12, 187
17, 304
50,394
38,668
6,360
32,308
11, 726
17, 875
49,512
38,392
6,389
32,003
11,120
18, 727
47,690
37,515
6,239
31,276
10, 175
18, 677
48,858
37,377
6,072
31,305
11,481
19, 060
49, 927
37, 935
6,401
31, 534
11,992
18, 901
49, 300
37, 667
6,428
31, 239
11,633
31, 741 '29, 593
29, 951 30, 421
30, 837
31, 072
31, 354
31,265
31, 741
32, 265
32, 751
33,400
33, 980
34, 377
16, 564 15, 180
3, 979
3,499
11, 198 ' 10, 913
15, 437 15, 654
3,371
3, 520
11, 143 11, 247
15, 851
3,738
11, 248
16, 044
3,847
11,181
16, 247
4,087
10, 200
16, 380
4,041
10, 845
16, 564
3,979
11, 198
16, 746
4,356
11, 162
16, 930
4,546
11, 274
17, 264
4,656
11, 480
17,514
4,590
11, 876
17, 731
4,470
12, 175
23,269.4
10,628.8
12,640.5
5, 125. 1
7,515.4
23,181.9
10,585.0
12,596.9
5,153.0
7,443.8
116,755 115,687 112, 587
113,672 120,344 119,844 118,432
123, 997
18, 108
51,317
38,710
5,889
32,821
12, 607
93,780
24
85, 622
11, 620
17, 740
48,765
36,719
5,604
31,115
12,045
89, 562
177
81, 883
11, 620
24,137.1 24,067.7 23,565.1 23,845.0 25.524.9 26,475.0 '25,795.1 25 507.3
11,801.5 11,529.9 10,970.9 11,517.7 12,212.0 12,629.6 12, 482. 8 12, 179. 0
12,336.6 12,537.8 12,594.2 12,327.3 13,312.9 13,845.4 '13,312.3 13, 328. 3
4,921.3 4, 937. 3 4,932.5 4,789.0 5, 321. 1 5,561.5 '5,304.5 5, 335. 0
7,414.3 7,600.5 7,661.8 7,538.3 7, 991. 8 8,283.9 '8,007.8 7, 993. 3
123,997 123,983 122,130 124,018
99,504
66
89, 971
11, 599
98,419
52
88, 990
11,599
99,361
54
89, 753
11, 599
126,528 '124,372 "131,564
101,643 '100,124 105, 821
397
316
31
91, 814 90, 612 94, 446
11,599 11,598 11, 598
89,013
299
80, 501
11, 652
99, 149
211
87, 934
11, 599
do
113,611
123, 997
do
do
_do
30, 649
25, 843
72, 259
34, 780
26, 052
78, 770
35,002
26,445
72, 280
32, 823 29, 470
25, 976 25, 740
73, 626 74, 207
29, 951
26, 484
74, 653
34,928
25,913
74, 599
35, 550
26, 140
74, 891
32, 125
25, 971
76, 683
34, 780
26, 052
78, 770
38,326
27,306
76, 516
36,172
24,585
76, 648
36,395
28, 150
77, 686
38,013 ' 34,968
27,140 ' 26,457
78, 631 79, 539
36, 941 i 34, 989
i 36, 602 i 34, 727
1
1262
339
i 127
'703
1
-333
i 148
34,492
34,493
-1
60
-52
34, 976
34, 428
548
271
278
34, 655
34, 687
-32
261
276
34, 482
34, 265
217
211
44
34,646
34,447
199
396
-136
34, 567
34, 411
156
191
30
34, 571
34, 281
290
61
257
34, 989
34, 727
262
127
148
35,575
35,366
209
79
139
33,953
33,939
14
76
-51
33,967
33, 531
436
58
386
34,063 ' 34,228 " 33,660
33,974 ' 33,856 " 33,651
'382
"9
89
121
"119
44
'272
"-91
56
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
mil. $
Required
do
Excess
do
Borrowings from Federal Reserve banks
do
Free reserves...
do
1
Largo commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits:
Demand, adjustedcf
mil. $_. 109,981
Demand, total 9
Individuals, partnerships, and corp
State and local governments
U.S. Government
Domesti c commercial banks
16, 930
49,352
37,281
6,018
31,263
12, 075
22,738.6 22,503.5 22,827.9
10, 826. 1 11,612.2 10, 709. 5
11,912.5 11,891.3 12,118.3
4, 852. 6 4,756.7 4, 841. 1
7,059.9 7,134.6 7,277.2
Reserve bank credit outstanding, total 9 _do
Time loans
"
do
U.S. Government securities
do
Gold certificate account
do
Liabilities, total 9
18, 727
47, 739
37, 564
6,239
31,325
10, 175
do
do
do
do_I_.
do
Time, total 9
do
Individuals, partnerships, and corp.:
Savings. _,
do
Other time...
.
do
112, 124
92, 929
561
84, 749
11, 620
116,755 115,687 112, 587
90, 516
231
82, 546
11, 598
95,208
283
86, 998
11, 599
96,097
73
87, 184
11,599
95, 051
'45
85, 137
11, 599
99, 149
211
87, 934
11, 599
113,672 120,344 119,844 118,432 123,997 123,983 122,130 124,018
101,759 107,114 103,863 102,593 104,071 104, 146
104,320 112,124 103,742 101,775
126,528 '124,372 "131,564
40,003
26, 835
80, 536
106, 097 ' 104,694 105, 183 108, 548
159, 299 167,015 184,174 159,545 157,115 171, 058 • 162,903 170, 817 178, 638
116, 182 121,317 132,245 116,670 115,133 r 122,716 ' 118,226 124, 301 126, 920
6,002
6,839
6,061
6,220 r 6, 178 ' 5, 983
5,808
6,967
5,860
2,736
1,170
1,995
1,049 '2,514
1,898
1,247
1,386
2,425
22,262 21,251 ' 26, 514 ' 22,039 24, 883 27, 372
22, 104 24,163 29, 322
385,215
129,449
7,039
1,471
31,807
184, 174
134, 245
6,967
1,386
29, 322
161,170 169,097 158, 966 165,445 167, 744
117,375 121,565 115, 875 120,411 119,800
5,947
5,970
6,496
6,198
6,413
1,425
859
1,243
1,070
1,330
22, 513 24, 694 23, 360 24,635 25, 790
228,045
227, 729
225,929 223,211 222, 475 222,765 225, 264 224, 960 225,877 227,729 225,352 223, 215
58, 485
122,201
68, 445
115,961
64, 644 65, 483 65, 392 65,246 65, 590 65, 928
113,594 112,922 113,218 114,625 116, 184 115, 442
225, 981 ' 221,601 222, 692 225, 466
78, 319 • 79 350 79, 920 79, 817
67,550 68, 445 72,459 75, 269
116,064 115,961 111,153 107,629 '108,297 ' 104,196 105, 280 108, 534
285, 499 283,098 284,614 280, 762 279,313 281, 768 277, 957 282,104 285,499 275,908 275,242 277, 356 275, 499 280, 630 280,016
120, 661 122.801 122.326 120,611 118,946 119, 751 118, 190 '119,311 120,661 117,000 116,201 r 114,556 ' 113,308 112,732 112, 909
9,874
8,933
6,350
6,200
8,468 ' 8, 679 10, 024
6,842
7,389
6,530
7,040
6,605
8,933
7,326
8.206
27, 180 29, 409 29, 978 29, 157 29,164 29, 022 27, 312 27,310 27, 180 25,995 26,029 r 26,493 25,757 26, 025 25, 823
59, 530 59, 273 59, 209 59, 059 58,967 59, 282 59, 502 59,482 59, 530 59,749 59,722 ' 60,541 60,717 61, 296 61, 432
87, 404 82, 124 83, 864 80, 820 82,680 84, 254 82, 267 84,525 87,404 84,474 82,923 ' 84,876 84,352 88, 083 91, 637
Investments, total
do
86, 825 100, 345 89, 863 92, 200 92, 547 94,303 95, 624 95, 413 98,269 100,345 99,769 99,239 '100,538 101,249 101,721 101, 402
U.S. Government securities, total. _ _
do
40, 178 30, 163 32, 021 32, 160 34,288 35,316 35, 010 37,859 40, 178 40,456 40, 083 41.808 41,561 42, 809 42, 152
23, 931
Notes and bonds.
do
19,412
26, 464 24, 367 24, 935 24, 764 25,239 25, 243 25, 988 26,580 26, 464 27,422 27, 643 ' 28,774 29,393 29,711 29, 281
Other securities
do
fi2. 894
fin ifi7 59. 700 60. 17Q fiO 387 fin m 5 fin sns fin 4ns fin 4in fin ifi? 59 313 59.156 r 58.730 59, 688 58, 912 59, 250
r
process of collection; for loans, exclusive of loans to and Federal funds transactions with
Revised. _ p Preliminary.
i Average for Dec. § Insured unemployment (all prodomestic commercial banks and after deduction of valuation reserves (individual loan items
grams) data include claims filed under extended duration provisions of regular State laws;
amounts paid under these programs are excluded from State benefits paid data.
AInsured
are shown gross; i.e., before deduction of valuation reserves).
OTotal SMSA s mciuae
some cities and counties not designated as SMSA's.
1f Includes Boston, Philadelphia,
unemployment as % of average covered employment in a 12-month period.
9 Includes
data not shown separately. tfFor demand deposits, the term "adjusted" denotes demand
Chicago, Detroit, San Francisco-Oakland, and Los Angeles-Long Beach.
deposits other than domestic commercial bank and U.S. Government, less cash items in
Loans (adjusted), totald*
Commercial and industrial
For purchasing or carrying securities
To nonbank financial institutions
Real estate loans. _ _
Other loans... ,
215-400 O - 76 - S3
do
do
"do
do
do
do
304,318
131,875
7,713
33, 076
60, 442
90, 388
SUEVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1975
1975
1974
Annual
July 1976
May
June
July
Aug.
1976
. Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
FINANCE—Continued
BANKING- Continued
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas. adj.:f
Total loans and investmentsO
bil. $
LoansO
do
U.S. Government securities
do
Other securities
, do
687.1
498.2
48.8
140.1
' 721. 1
Money and Interest rates: §
Bank rates on short-term business loans:
In 35 centers
percent per annum
New York City
do
7 other northeast centers
do
11.28
11 12
11 83
8.65
8.37
8.91
8.16
7.88
8.37
8 22
8 00
8 43
8.29
7 99
8.53
7.54
7.14
7.93
7.44
6 99
7.79
11.27
11 01
11.07
11.15
8.54
9.01
8.75
8.86
8.00
8.70
8.34
8.33
8.12
8 41
8.28
8.45
8.15
8.70
8.37
8.67
7.50
7.86
7.56
7.77
7.44
7.66
7.51
7.75
7.75
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
6.00
5.00
5.50
5.50
5.50
5.50
i 8.82
18.14
8.25
7.92
7.71
7.62
7.59
7.62
7.62
7.62
7.67
7.58
7.54
7.59
7.44
8 north central centers
7 southeast centers
8 southwest centers
4 west coast centers
do
do
do
do
Discount rate (N.Y.F.R. Bank), end of year or
month
percent-Federal intermediate credit bank loans, ..do
' 700. 6 705.0 ' 705. 8 ' 709. 3
496. 9 * 492. 2 ' 490. 8 ' 489. 9 ' 490. 2
79.4 '67.4 '71.5 '72.3 '75.0
' 144. 8 141.0
142.7 ' 143. 6 144. 1
r
r
' 712. 7 ' 716. 3 ' 722. 2
'491.5 ' 495. 0 ' 498. 5
'76.7
'76.0
'76.8
' 144. 5 ' 145. 3 ' 146. 9
' 721. 1 ' 723. 3 ' 726. 7 ' 731. 2
' 496. 9 ' 497. 3 ' 497. 8 ' 499. 7
84.4 '88.2
'79.4
'81.0
' 144. 8 r 145. 0 ' 144. 5 143.3
' 734. 5 737.6
' 500. 5 500.6
93.0
'90.0
' 144. 0 144.0
738.8
500.7
94.0
144.0
5.50
Home mortgage rates (conventional 1st mortgages): n
New home purchase (U.S. avg.)
percent-Existing homo purchase (U.S. avg.)
do
' 1 8. 72 '
' 1 8. 84 '
i 8. 75 '8.63
i 9. 01 '8.85
'8.73
'8.86
'8.86
'8.89
'8.63
'8.95
'8.70
'8.93
'8.75
'8.97
'8.74
'9.09
'8.74
'9.09
'8.71
' 9.07
'8.67
'9.03
'8.67
'8.92
'8.67
'8.85
'8.75
'8.84
*8.71
P 8. 82
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
do
Commercial paper (prime, 4-6 months)..do
Finance co. paper placed directly, 3-6 mo.do
Stock Exchange call loans, going rate
do
2
9. 89
29.84
28.60
2 10.98
26.29
26.32
26.15
28.02
5.76
5.82
5.74
7.42
5.70
5.79
5.53
7.15
6.40
6.44
6.01
7.30
6.74
6.70
6.39
7.84
6.83
6.86
6.53
8.06
6.28
6.48
6.43
8.22
5.79
5.91
5.79
7.76
5.72
5.97
5.86
7.64
5.08
5.27
5.15
7.55
4.99
5.23
5.09
7.40
5.18
5.37
5.27
7.38
5.03
5.23
5.13
7.38
5.53
5.54
5. 38
6.88
5.77
5.94
5.78
7.31
2 7. 886
27.81
2 5. 838
27.55
5.315
7.49
5.193
7.26
6.164
7.72
6.463
6.383
6.081
7.80
5.468
5.504
8.22
7.51
7.50
4.961
7.18
4.852
7.18
5.047
7.25
4.878
6.99
5.185
7.35
5.443
7.40
166, 170
42, 431
5,113
4,854
166,833
46 530
3,367
4,333
13, 722
3,862
307
395
14,411
4,285
314
442
14, 994
14, 675
4,166
14, 447
4,153
15, 029
4 430
14, 085
17, 246
13, 907
3 601
305
406
3,756
298
343
13,116
3,739
222
340
16,458
4,914
296
428
16,361
4.740
272
454
15, 229
4,709
255
445
17, 098
4, 228
19, 567
4,214
1,464
335
1,566
1,669
357
345
1,758
1,741
1,642
358
362
304
2,338
446
1,948
328
1,559
371
1,874
398
1,841
410
1,904
382
do
do
do
do
156,346
42, 496
4,287
3, 908
163 113
45, 110
3,986
4,434
13, 442
3,733
349
367
13 538
3,810
13, 329
13 491
14, 359
13, 725
14, 628
14, 980
3,911
333
377
13,858
3,860
357
376
13, 768
3,539
318
349
15, 930
4,316
362
415
14, 747
3,798
327
421
13, 459
3,797
300
322
do
do
15, 653
3,685
18, 769
4,128
1,469
365
1,493
1,596
1,492
333
317
1,876
338
1,722
370
2,020
434
1,724
404
1,844
381
12, 993
3, 555
274
13, 620
14, 427
4, 032
293
343
14, 322
4, 124
308
395
15, 775
4AQQ
259
430
15,041
270
379
..do
do
1,517
340
1,606
327
1,618
346
do
do
do
do
13, 359
3,718
331
363
13, 412
3,751
321
368
13, 436
3,741
357
357
Yield on U.S. Government securities (taxable):
3-month hills (rate on new issue)
percent.
3-5year issues
- _ __do
8.12
CONSUMER CREDIT*
(Short- and Intermediate-term)
Installment credit extended and liquidated:
Unadjusted:
Extended total 9
mil. $
Automobile paper
do
Mobile home
do
Home improvement
do
Revolving:
Bank credit card
do
Bank check credit
do
Liquidated total 9
Automobile paper
Mobile home
Home improvement
Revolving:
Bank credit card
Bank check credit
Seasonally adjusted:
Extended, total 9
Automobile paper
Mobile home..
Home improvement
Revolving:
Bank credit card
B ank check credit
Liquidated, total 9
Automobile paper
Mobile home
Home improvement
Revolving:
Bank credit card
Bank check credit
do
do
do_ .
. do
do
do
1, 508
364
3,753
1,504
340
4,495
320
446
1,548
331
301
416
1,664
3,709
330
360
313
420
3,926
240
332
3,776
337
393
202
304
408
3,996
353
404
3,562
295
356
1,705
1,591
1,761
354
316
384
14, 555
4, 235
305
388
14, 832
4,189
279
392
14, 877
4, 218
330
409
15, 295
16, 205
4, 511
288
15,824
16,318
291
282
311
1,689
353
1,737
350
1,698
357
1,752
348
1,719
412
1,840
397
1,931
407
2,046
390
1,907
2,103
13, 790
3,818
328
367
13, 795
14, 002
14, 910
14,656
3,746
14,805
3,883
14, 339
3,728
13, 566
3,819
348
398
14, 073
3,814
311
371
14, 403
333
369
364
395
342
353
1,576
341
3,846
329
378
1,603
325
3,849
1,631
336
3,800
1, 619
340
1,723
346
3,865
1,768
399
311
342
380
4,023
1,733
374
4.91
Q1Q
231
372
398
412
314
1,798
1,822
1,773
070
1,911
Q7C
Total installment credit outstanding, end of year or
month 9
mil $ 158 101 161,819 153, 411 154 283 155, 419 156, 765 157,720 158, 390 159, 200 161,819 160, 745 160, 094 160, 621 162, 236 164, 101
By credit type:
52, 209
53, 629 50, 978 51, 453 52, 088 52, 545 52, 852 53, 286 53, 479 53, 629 53, 318 53, 519 54, 117 55, 059 55, 484
Automobile
do
n o-i r 11 719 11 653 11 597 11 744
11, 924 12, 166
12, 542
Mobile home. _
do
8,300 8,209
8,254 8,267
8,301
8, 329
8,372
8,263
8,272
8,361
8,374
8,202
8,301
8,136
8,398
Home improvement
_. ..
_do. ..
Revolving:
8,842
9,402
8,959
8,987
8,414
8,500 9,078 9,150
8,088 8,259
8,450
9,078 7, 942 8,015
8,281
Bank credit card
do
0 000
2 777
2 876
2 Q1 0
2, 793
2,826
2,834
2,883 2,751 2, 741 2,765
2,797
Bank check credit
... ... do
By holder:
75, 846 75, 710 73, 345 73, 687 74, 232
Commercial banks
do
38, 925 38, 932 37, 711 37, 828 38, 177
Finance companies
do
22, 116 25, 354 22, 674 23, 186 23, 507
Credit unions
do
18, 328 16, 238 16, 079 15, 963
Retailers
_.
._ _ _._
do 17, 933
Others
do
3,495 3,443 3,503 3,540
3,281
r
Revised.
» Preliminary.
1 Average for year.
2 Daily average.
O Adjusted to
exclude interbank loans.
§ For bond yields, see p. S-21.
t Beginning Jan. 1959, monthly
data have been revised to reflect new seasonal factors and adjustment to bench marks for the
latest call date (Dec. 31, 1975). Revisions are available from the Federal Reserve Board,
Washington, D.C. 20551.
9 Includes data for items not shown separately.
% Data have
75, 342 75, 010 75, 103 76. 103 79, 785
38, 737 38, 660 38, 665 39,003 37, 022
25, 250 25, 492 26, 025 26, 403 26, 975
24, 706
17, 771 17, 192 16, 987 17, 060 16, 465
16,444
3,740 3,841 3,757 3,854
3,495 3,645
3,579
3,543 3,560
3,509
been revised back to 1971, noninstallment credit will no longer be available on a monthly
basis. "Personal loans" and "other consumer goods paper" have been combined to form an
"all other" category (not shown separately here). Earlier monthly data are available irom
the Federal Reserve Board, Washington, D.C. 20551.
1[ Beginning Jan. 1973, data have
been revised; revisions for Jan. 1973-April 1975 will be shown later.
74, 701
38, 340
24, 043
16, 172
75, 024
38, 375
24, 510
16, 232
75, 286
38,411
75, 174
38, 642
24, 934
16, 860
75,710
38, 932
25, 354
18, 328
SURVEY OF CURRENT BUSINESS
July 1976
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1975
S-19
1976
1975
Annual
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Apr.
Mar.
May
June
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
Receipts (net)
Outlays (net)
Budget surplus or deficit (— )
mil $
do
do
Budget financing total
Borrowing from the public
Reduction in cash balances
do
do
i 3, 460 i 43, 604
i 3, 009 i 50, 853
1451 1-7,249
do
do
do
Gross amount of debt outstanding
Held by the public
i 264,932 i 280, 997 12, 793
1
268,392 1 324, 601 28, 186
i -3,460 1-43,604 -15,394
i 486,247
346,053
1
15,394
8,556
6,838
r
-1,521 -11,052
567
7,800
-2,088 3,252
23, 584
30, 634
-7,050
28, 615 19, 316 21, 745 25, 995 25, 634 20, 845 20, 431
29, 044 32, 425 29, 401 31, 792 30, 725 29, 833 29, 054
-429 -13, 109 -7, 656 -5, 797 -5,091 -8, 987 -8, 623
429
7,050
8,463
7,189
-139 -8, 034
13, 109
11, 743
1,366
5,091
5, 797
7,656
7,820
8,215
5,936
1,720 -2, 418 -2, 729
8,987
8,972
15
8,623
7,320
1,303
33, 348
32, 476
872
-872
1,398
2,270
131 539, 157 544, 131 549, 157 558, 637 564, 582 572, 930 577, 726 587, 553 595, 306 604, 778 611, 391 612, 843
396, 906 396, 339 396, 906 404, 707 411, 895 420, 358 432, 102 438, 037 446, 253 454,072 463, 045 470, 365 471,763
268,392 1324,601
Outlays total 9
do
i 9, 767 i 9, 725
Agriculture Department
do
i 77, 625 i 85, 420
Defense Department, military
do
Health, Education, and Welfare Department
mil. $.. i 93, 375 1112,411
i 35, 993 i 41, 177
Treasury Department
do
i 3, 252 i 3, 267
National Aeronautics and Space Adm
do
1
13, 337 i 16, 575
Veterans Administration
do
' 288. 2
20, 197
31, 249
11,052
1
544,
1
Budget receipts by source and outlays by agency:
1
264,932 i 280, 997 12,793
Receipts (net) total
mil $
i 118,952 1 1 386 -1,630
122,
Individual income taxes (net)
do
40, 621
i 38, 620
1,174
Corporation income taxes (net)
do
Social insurance taxes and contributions
i 76, 780 1 86, 441 10, 588
(net)
mil $
1
30, 582 i 31, 549
2,661
Other
do
Receipts and expenditures (national income and
product accounts basis), qtrly. totals seas. adj.
at annual ratesrf
Federal Government receipts, totalf
bil. $..
31,817
30,296
1, 521
31, 817
13,123
9,578
20, 197
9,615
1,367
23, 584
10, 403
620
28, 615
13, 609
6,013
19, 316
10, 653
873
21, 745
10, 354
673
25, 995
11, 200
6,530
25, 634
15,276
1,533
20, 845
7,778
781
20, 431
5,272
5,863
33, 348
15, 242
6,119
6,431
2,685
6,128
3,087
9,713
2,849
6,280
2,712
5,206
2,583
7,994
2,725
5,565
2,700
6,430
2,376
9,630
2,655
6,635
2,660
9,349
2,632
28, 186
890
7,627
30,296
1,161
7,216
31, 249
1,038
7,103
30, 634
958
7,553
29, 044
1,201
6,877
32, 425
1,119
7,911
29, 401
637
7,019
31, 792
1,404
7,458
30, 725
1,372
7,270
29, 833
1,309
6,792
29, 054
535
7,442
32, 476
999
8, 158
9,680
2,802
301
1,462
9,916
4,576
185
1,407
10, 150
4,289
368
1,364
10, 152
2,885
310
1,449
10, 414
2,954
313
1,333
10, 574
4,756
312
1,515
10, 502
3,200
325
1,623
10, 890
3,427
326
1,699
10, 782
4,249
260
1,627
10, 760
3,309
291
1,690
11, 628
3,618
307
1,674
11,131
5,169
'293
1,618
r
r
297 7
' 306. 7
' 316. 5
130.5
'47.4
'25.2
'94.7
' 254. 4
r 286. 5
' 135. 1
'49.4
'25.5
'96.6
' 137. 7
'53.1
'32.8
' 102. 9
» 142. 1
Corporate profit tax accruals
do
Indirect business tax and nontax accruals do
131.2
'45.6
21.7
r
89.8
Federal Government expenditures totalt do
' 299. 7
r357 8
' 354. 3
' 363. 7
' 375. 0
' 380. 3
v 383. 1
'•111. 6
'77.3
r 124. 4
' 122.4
'83.4
' 124. 6
'84.6
' 130. 4
'87.1
' 129. 2
'86.2
* 132. 3
?88.4
' 117. 6
43.9
'20.9
' 148. 9
'54.4
r
23 5
r 149. 7
' 152. 1
56.8
'23.6
' 154. 9
'58.0
'25.6
' 160. 3
'58.8
'26.6
p 158. 8
P59.0
?27.5
Purchases of goods and services
National defense
do
do
Transfer payments
do
Grants-in-aid to State and local govts
do
Net interest poid
do
Subsidies less current surplus of government
enterprises
bil $
99 7
'38.7
'23.2
' 92 9
r 125 7
r 42 6
23 9
r 94 3
r
'84.3
'53.2
22.6
r
'6 5
-.5
Surplus or deficit(— )
5.2
.0
-do....
'-11.5
'-71.2
'-99. 9
bil. $..
do
do
do
do
263. 35 ' 289. 30 275. 82
11.96 ' 15. 18
12.46
118. 57 ' 133. 90 127. 85
86.23 ' 89. 17
87.88
79.91 ' 82. 41 81.34
278. 34
12.56
129. 84
88.04
81.46
279. 35
12.81
130. 30
88.16
81.57
280. 48
13.02
130. 66
88.33
81.71
281. 85
13.15
131. 52
88.45
81.80
284. 83
13.79
133. 24
88.66
81.98
r 15. 05
8.84
23.57
1.50
13.71
8.99
23.68
1.49
13.75
9.06
23.79
1.40
13.83
9.11
23.92
1.46
13.99
9.01
24.05
1.49
13.98
9.36
24.17
1.46
14.16
2 297,051 3 288,857
181, 276 185, 779
2 109,095 s 96, 349
6,680
6,729
24, 457
15, 384
8,410
663
23, 767
15, 707
7,476
584
22, 237 323,802
15, 396 14, 935
6,279 3 8, 264
562
603
23, 988
15, 573
7,907
508
11, 599
93
458, 853
456, 638
11,620
0
20, 753
16, 562
11, 620
15
38, 627
18, 359
11,618
0
27, 117
18, 152
11, 599
0
54, 603
12,916
1, 038. 3
70.9
960.9
68.7
79.4
6.6
81.9
5.1
82.8
6.1
thous. $.. 81,651
do
501, 521
dol. perfineo z _ _ 4.708
132, 626
320, 556
4,419
11, 954
31, 440
4.538
5,029
28, 368
4.489
37, 820
22, 148
4.704
_.
_
^23.1
* 104. 6
6.4
'6.7
'7.1
'5.4
^5.5
o
.0
.0
.0
.0
' -66.0
'-71.2
'-63.8
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life Insurance cos
Government securities
Corporate securities
Mortgage loans total
N on farm
Real estate
Policy loans and premium notes
Cash
Other assets
do
do
do
do
Life Insurance Agency Management Association:
Insurance written (new pald-for insurance):
Value, estimated total
mil $
Ordinary (incl mass-marketed ord )
do
Group
do
Industrial
do
8.33
22.86
2.00
13. 39
'9.62
'24.47
' 1.92
286. 98 ' 289.30
14.13 ' 15. 18
134. 50 ' 133.90
88.85 ' 89. 17
82.16 ' 82. 41
293. 87
15.38
138.96
89.40
82.65
296. 48
16.14
140. 33
89.54
82.76
299.55
17.25
141. 58
89.78
82.95
299. 98
17. 57
141. 54
89.49
82.62
9.46
24.27
1.45
14.32
'9.62
r 24. 47
'1.92
' 15. 05
9.66
24.50
1.42
14.55
9.73
24.63
1.37
14.73
9.81
24.76
1.49
14.89
9.85
24.87
1.39
15.26
24, 949
17, 242
7,121
586
23, 316
15, 461
7,273
582
35, 317
18, 788
16, 025
504
23, 258
14, 008
8,758
492
23, 014
15, 560
6,908
546
27, 983
18, 220
9,161
602
25,335
17,725
7,066
544
23,202
17,030
5,606
566
11,599
8
10, 883
44, 954
11,599
44
16, 370
22, 266
11,599
6
12, 193
24, 409
11, 599
0
22, 469
26, 895
11, 599
76
9,943
17,769
11,599
3
28, 046
19, 472
11, 599
6
5,789
19,344
15,598
3
8,421
23, 360
11,598
10
82.8
5.3
84.4
6.3
81.5
6.2
82.3
5.0
72.6
5.7
76.4
6.2
75.6
5.6
79.4
6.1
78.1
5.8
79.0
9,465
25, 222
4.925
4,975
27, 980
4. 516
4,792
33, 014
4.329
5,161
18, 289
4.332
3,813
31,116
4.085
2,942
27, 967
4.063
4,338
18, 638
4.086
11,541
27, 619
4.189
5,026
17, 699
4.356
4,616
15, 804
4,488
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period) ...mil. $.. 11, 652
Net release from earmark§
do
230
Exports
thous. $__ 228,480
Imports
do
396, 679
Production:^
South Africa
Canada
Silver:
Exports
Imports
Price at New York
Production:
United States
mil $
do
thous. fine oz
2, 523
2,132
1,926
52. 583 36. 627
Revised.
» Preliminary.
i Data shown in 1974 and 1975 annual columns are for
fiscal years ending June 30 of the respective years; they include revisions not distributed
3
to months.
2 includes $907 mil. Vets group life ins.
Includes $1,694 mil. Vets group life
ins.
9 Includes data for items not shown separately.
fData have been revised back to
T
1,679
4,812
2,864
1,874
1,084
3,482
6,716
3,832
3,010
3,193
1946 (see table 3.2 in the Jan. 1976 SURVEY for earlier data).
§ Or increase in earmarked gold
(_). ^Valued at $38 per fine ounce from Jan. 1972-Sept. 1973; at $42.22 thereafter.
2,415
SUKVEY OF CUEEENT BUSINESS
S-20
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
1975
Annual
July 1976
May
June
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
FINANCE—Continued
MONETARY STATISTICS— Continued
85.5
bil. $..
79.7
86.5
79.8
81.2
81.5
81.9
81.7
82.3
84.5
86.5
83.2
83.8
Money supply and related data (avg. of daily fig.) :©
Unadjusted for seasonal variation:
Total money supply
bil. $
Currency outside banks
do
Demand deposits _ _
_ ._ _ do
Time deposits adjusted!
do
U.S. Government demand deposits^
do
277.8
64.9
212.8
397.0
5.6
289.5
71.0
218.5
436.1
3.7
282.9
70.0
212.9
433.2
4.1
290.3
71.2
219.1
435.5
4.2
292.1
71.9
220.3
436.9
3.4
290.0
72.1
217.8
438.4
2.7
291.7
71.9
219.9
440.4
3.9
292.3
72.5
219.9
444.5
3.4
297.4
73.9
223.5
445.6
3.5
303.2
75.1
228.1
449.6
4.1
301.0
73.8
227.2
452.8
3.8
292.9
74.1
218.8
455.5
4.6
295. 2 303.3
75.1
76.3
220.1 227.0
459.9 ' 462. 6
3.9
3.8
287.6
70.2
217.4
431.2
291.0
71.0
220.0
435.5
291.9
71.3
220.6
437.6
293.2
71.9
221.3
436.2
293.6
72.0
221.6
438.3
293.4
72.6
220.8
443.3
295.6
73.4
222.1
448.3
294.8
73.7
221.0
452.4
295.1
74.2
220.8
454.4
296.5
75.1
221.5
457.3
298.0
75.7
222.3
458.5
128.9
333.9
82.8
120.1
68.2
124.4
328.6
80.0
114.2
66.7
126.2
331.0
81.6
115.7
68.2
130.4
335.0
86.2
124.4
71.2
128.8
330.7
85.1
123.8
70.0
134.0
364.0
83.5
118.7
69.8
134.0
360.8
84.9
119.5
71.5
131.0
351.8
84.7
118.4
71.6
132.4
366.0
82.9
115.4
70.3
140.9
375.4
89.6
128.0
74.6
144.6 140.3
377.5 374.9
92.5
88.4
131.4 ' 124. 4
77.2 '74.2
Currency in circulation (end of period)
Adjusted for seasonal variation:
Total money supply
Currency outside banks
Demand deposits
Time deposits adjusted!
do
do
do
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (233 SMSA's) ©..ratio of debits to deposits..
New York SMS A
do
Total 232 SMSA's (except N.Y.)
do
0 other leading SMSA'sd1
do
226 other SMSA's
do
120.1
290.9
81.9
123.6
65.8
128.3
335.0
82.9
119.1
68.8
58, 747
4,601
780
49, 135
5,154
409
12442
1 315
38
13,204
1,561
185
14,227
1,358
255
1,801
6,703
429
1,747
451
1,731
547
1,731
14,483
1, 204
2,035
3,149
9,307
968
663
2,280
2,190
253
190
531
2,508
424
104
459
2,764
309
119
537
2,837
2,523
695
715
624
6,311
2,564
1,632
648
1,543
588
1,727
780
1,795
768
1,127
1,957
8,524
1,039
1,737
7,481
375
565
1,834
361
380
2,195
288
888
2,300
369
1,393
2,062
19, 467
19,968
5,106
4,662
5,303
5,188
mil. $
2 40, 009
'56,075
5,979
5,755
do
31, 496
r 41, 670
4,164
4,401 ' 3, 590
do
do
4,000
2,254
r 7, 420
3,458
1,154
346
'772
230
••456
198
37, 842
10, 026
980
12, 831
«• 52, 548
' 18, 694
1,631
15, 888
5,512
2,479
159
1,548
5,380
2,303
132
1,479
1,014
3,934
6,850
' 2, 646
4,463
' 6, 789
281
413
409
22, 824
29, 041
29, 326
28,973
2,532
3,801
303.0
77.6
225.3
467.8
760
5,648
2,940
301.7 '•SOS. 3
76.7 '77.4
225.0 * 226. 0
461.6 462.0
2,846
138
180
454
Machinery (except electrical)
do
Elec machinery , equip , and supplies
do
Transportation equipment (except motor
vehicles etc )
mil $
Motor vehicles and equipment
do
All other manufacturing industries
do
'298.4 P 302. 2
'77. 2
77.8
' 221. 2 224.4
464.6 468.4
4.7
3.7
563
1,952
Petroleum and coal products
do
Stone, clay, and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $_.
87.6
14, 797
1 263
253
2,287
7,175
86.5
139.3
380.2
58.2
126.9
73.3
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade Comm.):
Net profit after taxes, all industries
mil. $..
Food and kindred products
do
Textile mill products
do
Lumber and wood products (except furniture)
mil $
Paper and allied products
do
Chemicals and allied products
do
Dividends paid (cash) all industries
do
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, Corporate
Common stock
Preferred stock
__
By type of issuer:
Corporate, total 9
Manufacturing
Extractive (mining)
Public utility
_._ _
mil. $__
do
do
do
Transportation
Communication
Financial and real estate..
Noncorporate, total 9
U.S. Government
State and municipal
.
_
State and municipal issues (Bond Buyer):
Long-term
Short-term..
do
do
do
2,845
4,609
4,768
4,418
' 3, 573
3,707
••1,763
3,052
3,240
3,447
' 2, 650
2,534
434
129
529
308
1,215
332
343
444
335
462
431
139
754
173
4,126
1,137
292
1,032
2,364
701
77
1,024
2,597
624
39
1,261
4,512
901
80
1,238
4,044
1,115
54
1,268
4,244
1,414
249
902
* 3, 220
* 1, 021
68
' 1, 086
3,470
1,139
128
789
186
362
643
254
269
1,071
0
113
323
32
296
289
518
928
450
957
55
500
269
231
761
'218
r
16
'465
604
171
589
3,001
2,699
3,434
1,691
2,690
1,377
2,112
2,427
2,276
2,623
2,338
2,066
2,154
1,828
2,389
936
2,638
1,488
6,197
5,365
832
6,251
5, 399
852
6,455
5,448
1,007
6,527
5,519
1,008
6,500
5,540
960
6,568
5,568
1,000
7,152
6.115
1,037
515
1.500
470
1,455
545
1,495
490
1.470
475
1.525
655
1.975
685
2.065
4,542
2,364
1,818
do .
do
do .
do
do
3,234
2,437
2,204 ' 3, 517
2,533 ' 2, 342
-•595
1.935
2,815
3,093
570
1.740
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers and banks, end of month,
total
.
mil $
5,666
14,836
5,984
6,500
6,266
At brokers
do
4,847
i 3, 980
5,140
5,446
5,540
At banks
.
do
819
1856
844
960
820
Other security credit at banks
do __
Free credit balances at brokers:
Margin accounts
do
1411
520
520
475
555
Cash accounts
_
do
i 1. 424
1.705
1.790
1.525
1.710
r
Revised.
v Preliminary.
1 End of year.
2 Beginning Jan. 1974, does not include
noncorporate bonds and notes formerly included.
0Effective February 1976 SURVEY,
data revised to reflect: Annual review of seasonal factors; regular benchmark adjustment;
effect of changes in check collection procedures (Regulation J); and adjustments to include
new figures from internationally oriented banking institutions. Monthly revisions back to
1970 are in the Feb. 1976 Federal Reserve Bulletin.
KAt all commercial banks.
OTotal SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland and Los
Angeles-Long Beach.
9 Includes data not shown separately.
July 1976
S-21
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
Annual
1976
1975
1975
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
FINANCE—Continued
SECURITY MARKETS-Continued
Bonds
Prices:
Standard A Poor's Corporation:
Hiph prade corporate:
Composited1
_ dol per $100 bond
Domestic municipal (15 bonds)
do
U.S. Treasury bonds, taxable^
58.8
76.1
56 2
68.9
56 6
69.6
56 7
69.8
56 6
68 5
55 6
68 3
55 8
66 0
56 0
66 0
56 3
66 2
56 1
67 4
57 0
69.7
57.45
57.44
57.40
58.33
58.09
56.84
55.23
55.23
55.77
56.03
55.75
9,345.90 753 75
10,703.85 892. 55
810. 14
919. 28
808 39
938 49
634 83
709. 89
613 63 962 53 757 15
685 94 1 014 65 834 21
890 01
999 20
(i)
do... 6, 193. 81 9,070.20 728. 55
do
7, 740. 56 10,302.08 855. 32
783. 46
883. 08
784 10
904 23
621. 81
690. 36
600 41
665 98
934 93
982. 14
741 19
812 29
856 23
949 84
449 34
487 41
478 39
343 37
340 74
416 62
341 97
419 45
570 68
9 55
9 45
9 43
9 51
9 55
do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
. mil. $ 6, 456. 77
Face value
do.-. 8, 120. 18
New York Stock Exchange:
Market value
Face value
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $ 4, 052. 12 5, 178. 34
Yields:
Domestic corporate (Moody 's)__
By rating:
Aaa
.
Aa
A
Baa
percent
8.98
9.46
do
do
do
do
8.57
8 67
9.16
9 50
8.83
8 97
9 65
10 39
do
do
do
8.78
9.27
8.98
9.25
9 gg
9.39
Domestic municipal:
Bond Buyer (20 bonds^
Standard & Poor's Corp. (15 bonds)
do
do
6.26
6.09
U.S. Treasury bonds, taxable©
do
6.99
By group:
Industrials
Public utilities...
Railroads
. . . _
77
94
67
40
•in oq
9 37
9 93
9 49
9 29
9 81
9 40
9 26
9 81
9 37
9 29
9 93
9 41
7.08
6.89
7 09
6.81
6 96
6.76
7 09
6.94
6.98
6.99
6.86
10.63
11. 82
4.83
10.42
11.34
4.96
4.46
8.50
13.56
8
9
9
10
90
04
79
46
8
8
9
10
8 84
8 94
9 63
8
9
9
10
95
03
70
35
0 QC
9 in
Q 74
1ft 3Q
9 qc
9 44
9 45
9 33
86
06
74
v?
8 78
8 Q7
9 67
10 VI
8 7Q
8 QQ
9 FA
8 60
8 QO
9 57
10 24
9 32
9 Q4.
9 40
9 27
9 00
9 36
9 26
9 87
9 51
8
9
9
in
Ifl 3^
57 1
68 8
57 3
69.2
58 2
71.3
56 5
69 1
56 8
69.3
57.86
58.23
59.33
57.38
57.86
504 74
491 60
424 66
420 88
413 29
9 23
9 18
9 04
9 06
9 05
8
8
9
9
8 40
9 21
9 79
8
8
9
10
55
80
47
10
52
76
42
99
9 26
9 00
8
8
9
9
Q A7
58
66
24
76
8 62
0 CO
9 16
9 68
9 32
9 12
9 50
9 25
9 10
9 43
9 16
8 98
9 27
9 05
9 00
9 31
8 96
8 96
9 qc
6 85
6.80
6 98
6.91
6 69
6.86
6 55
6.62
6 89
6.87
ft R7
7.06
7.21
7.17
6.94
6.92
6.87
6.73
6.99
6.92
8.50
8.46
8.16
8.00
8.07
8.04
8.06
8.10
84
70
27
17
301 60
988. 55
86 88
207. 80
302. 68
992. 51
87 15
208. 39
304 50
988. 82
86 66
215. 71
304 34
985 59
86 16
218. 84
100.64
112. 96
116. 68
93.47
101. 08
113. 73
117. 30
94.64
101. 93
114. 67
115. 86
94.39
101. 16
113. 76
115.09
91.67
101. 77
114. 50
117.50
90.26
46.51
14.53
46.56
11.26
56.98
103. 96
96.94
9
An
7 18
7.02
7
A7
7 °.fi
7.22
7 °.Q
7 on
7.23
7.21
6.89
7.06
7.29
7.29
10.49
11.52
4.96
4.42
8.50
13.56
10.47
11.51
4.97
4.14
8.50
13.56
10.47
11.49
4.97
4.14
8.50
13.56
251. 22
312. 67
230. 57
288.52
0)
4.47
3.98
9.68
5.57
4.36
4.83
8.58
0 QQ
0)
0 °.7
6.85
Stocks
Dividend rates, prices, yields, and earnings, common stocks (Moody's):
Dividends per share, annual rate, composite
r ^ i , ,
dollars..
Industrials
do
Public utilities
do
Railroads
HO
N.Y. banks
do
Property and casualty insurance cos
do
4
8.09
13.25
97
Price per share, end of mo., composite
Industrials
Public utilities
Railroads..
do
do
do
do
220. 35
270. 42
48 26
77.16
244. 75
304. 66
80.80
82.96
234. 44
291. 42
51.58
76.11
Yields, composite
Industrials
Public utilities..
Railroads
_
N.Y. banks
Property and casualty insurance cos
percent
do
do
do
do
do
4.82
4.37
10.01
5.53
4.01
5.14
4.26
3.72
10.00
5.52
3.96
4.35
4.18
3.68
9.01
5.33
3.67
4.20
4.47
3.95
9.64
5.44
4.06
4.63
Earnings per share (indust., qtrly. at ann. rate;
pub. utll. and RR., for 12 mo. ending each qtr.):
Industrials
dollars
Public utilities
do
Railroads
do
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent..
Prices:
Dow-Jones averages (65 stocks).
Industrial (30 stocks) _
Public utility (15 stocks)
Transportation (20 stocks).
Standard & Poor's Corporation d*
Combined index (500 Stocks)
1941-43=10
Industrial, total (400 Stocks) 9
do
Capital goods (111 Stocks)
do
Consumer goods (189 Stocks)..
do
Utilities (40 Stocks) ....
do
Transportation (20 Stocks)*
1970=16
Railroads (10 Stocks)
1941-43 = 10
Financial (40 Stocks)*
1970-10 "
New York City banks (6 Stocks) .1941-43 = 10
Banks outside N.Y.C. (10 Stocks)
do
Property-Casualty Insurance (6 Stocks) . do. .
4.Q R9
27.69
7.63
9.81
8.24
237 33
759. 37
75.84
164. 05
82.84
92.91
92.84
78.08
on
74.34
8.36
8.51
8.34
25
49
81
39
254. 71
836. 56
77.29
169. 69
259
845
83
168
86.16
96.56
94.63
81.18
90.10
101. 56
101. 96
85.15
92.40
103. 68
101. 15
85.98
247
802
79
163
00
70
87
40
0)
(i)
22.91
7.80
• 7.45
8.24
260
856
82
167
30
28
68
98
92.49
103. 84
101. 15
86.58
8.41
246
815
77
156
22
51
92
32
85.71
96.21
93.05
78.29
8.56
945
818
77
155
02
28
32
11
84.67
94.96
93.61
77.25
253
831
80
164
38
26
99
17
88.57
99.29
95.77
83.07
259
845
82
170
28
51
94
59
90.07
100. 86
97.35
88.01
256
840
81
166
42
80
60
84
88.70
99.31
96.41
85.66
285
929
89
190
28
34
17
80
96.86
108. 45
108. 41
91.03
297
971
89
203
38.91
41.17
39.69
43.67
43 67
40 61
40 53
42 59
43 77
43 25
46 99
47 22
45.67
46.07
45.69
37.29
37.48
38.90
38.94
38.04
35.13
34.93
36.92
37.81
37.07
41.42
43.40
44.54
44.91
46.09
54.16
57.17
51.48
57.77
58. 13
83.89
80.52
83.76
87 19
90 44
84.15
88.72
94.63
96.72
95.98
'Revised.
p Preliminary.
« Estimate.
» Series discontinued by Source.
cf Number of issues represents number currently used; the change in number does not
affect continuity of the series.
If Prices are derived from average yields on basis of an
C-l
46.72
78 64
79.71
44.84
44.87
45.56
79 21
77 73
80 01
88.23
93.' 75
92.70
assumed 3 percent 20-year bond.
O For
9 Includes data not shown separately.
51.33
83 01
85.19
54.42
53.06
52.34
52.23
48.69
99.93
98.87
95.56
93 38
85 40
92.36
99.56
97.83 100.69 100.97
bonds due or callable in 10 years or more.
*New series.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
| 1975
Annual
July 1976
1976
1975
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Mar.
Feb.
Jan.
Apr.
May
June
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Prices— Continued
New York Stock Exchange common stock indexes:
Composite..
_..
12/31/65=50..
Industrial
do
Transportation
do
Utility
do
Finance
do
Sales:
Total on all registered exchanges (SEC):
Market value
mil $
Shares sold
millions
On New York Stock Exchange:
Market value
mil $
Shores sold (cleared or settled)
millions
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
millions
Shares listed, N.Y. Stock Exchange, end of period:
Market value. aU listed shares
bil. $
Number of shares listed
millions
43.84
48.08
31.89
29.79
49.67
45.73
50.52
31.10
31.50
47. 14
47.76
53.22
32.28
31.02
50.06
49.22
54.61
32.38
32.79
52.20
49.54
54.96
32.90
32.98
52.51
45. 71
50 71
30.08
31.02
46.55
118,434 r i57? 260
r
6, 221
4,*846
16,095
'616
14,710
'586
15, 797
'eo4
11, 176
'406
99, 178
3,822
133,684
5,051
13, 602
12, 627
13, 504
9,513
3,518
4,693
458
511. 06
21, 737
685. 11
22, 478
687. 94
21,938
499
53.73
59.79
38.53
36.12
52.06
54.01
61.60
39.19
35.44
52.59
20, 827
r
801
15, 708
17, 415
563
640
51.31
57.00
35.78
35.23
48.83
11, 145
*404
12,829
'521
18, 470
?
689
287
11, 344
*389
9,495
'335
10, 881
*417
9 634 r i3f 294
r 475
'355
8,172
T
53.87
60.22
39.71
35.40
50.99
54.23
60.70
40.40
35.16
51.82
17, 540
46.78
51.89
31.61
32.75
43.86
46.87
52.26
30.79
31. 87
44! 36
54.28
60.62
38.66
35.69
52.71
20, 772
47.64
52.91
32.09
32.99
45.10
44.97
50.05
29.46
30.65
43^38
r
796
494
327
447
442
281
275
366
319
349
636
596
531
392
356
417
723. 00
22, 016
678. 07
22, 094
660. 95
22, 143
636. 87
22, 193
672. 11
22, 245
692. 22
22, 382
685. 11
22, 478
771. 39
22,551
769. 47
22,592
791. 85
22, 700
781. 60
22, 784
773. 60
22, 956
809. 20
23,263
479
631
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Exports (mdse.), incl. reexports, totald"
Excl. Dept. of Defense shipments.
Seasonally adjusted.
mil. $._ 98,507.2 '107,519.6 '8,951.5 '8,690.4 '8,243.1 '8,456.4 '8,378.7 '9,750.9 '9,526.4 9,328.7 8,769.8 8, 742. 4 9, 847. 4 9, 843. 6 9, 988. 1 9, 863. 3
r
107,130.4 8,900.6 '8,630.1 '8,213.7 '8,446.5 '8,353.1 '9,719.3 '9,513.3 9,303.5 8, 760. 2 8,737.6 9, 842. 2 9, 834. 2 9, 977. 4 9, 850. 4
8,221.5 r8,715.5 '8,871.0 '8,979.9 '9,104.2 '9,225.7 '9,408.9 9,249.9 9,103.4 8,800.1 8, 955. 6 9, 393. 6 9, 578. 0 9, 716. 3
do
do
97,908.1
do
do
do
do
420.4
438.9
3, 659. 4 4,949.2
449.5
427.1
423.2
424.4
331.6
339.7
382.5
347.2
444.4
406.8
25,784.5 28, 259. 5 2, 317. 9 2, 435. 0 2, 300. 1 2, 388. 6 2, 287. 9 2, 369. 8 2, 388. 2 2, 385. 2 2, 409. 3 2, 218. 4 2, 465. 3 2, 398. 6
203.2
201.7
2, 696. 8 2, 338. 6
211.3
203.2
172.7
192.9
191 6
206.6
197.9
192.8
213.6
236.1
30,069.6 32, 726. 5 2, 573. 7 2. 269. 7 2, 327. 1 2,454.7 2, 400. 2 2, 985. 5 3, 053. 8 2, 969. 4 2,804.7 2, 836. 1 3,060.8 3, 124. 4
Northern North America
Southern North America
South America _. _ _ _
do
do
do
19,941.7 21,767.4 1, 968. 0 1,891.7 1, 625. 0 1, 620. 2 1, 848. 6 2, 084. 7 1, 917. 5 1,830.4 1,675.7 1,851.8 2, 197. 6 2, 192. 5
7, 947. 7 8, 290. 4
771.6
720.7
673.9
752.0
679.1
680.4
665. C
738.2
664.6
722.5
750.3
621.6
7, 856. 0 8, 815. 3
729.7
674.0
693.0
704.3
680.7
786.3
755.9
628.6
719.9
815.9
664.0
695.5
By leading countries:
Africa:
Egypt.
Republic of South Africa
do
do
455.2
1, 159. 9
682.7
1, 302. 4
82.0
104.8
47.8
108.6
78.0
119.3
44.0
102.8
35.1
90.4
43.0
117.9
48.7
110.0
48.8
119.6
61.3
96.6
78.3
93.1
54.9
139.0
77.6
113.7
do
do
do
do
2,172.3
759.8
396.4
377.3
1,834.0
1, 289. 7
372.0
395.3
175.4
97.5
29.5
27.0
156.0
122.3
38.9
31.1
134.2
109.5
21.3
31.0
159.7
119.7
32.8
42.9
153.6
116.0
22.0
57.4
151.7
102.1
28.2
36.2
184.7
91.6
33.2
29.4
166.3
127.6
29.8
30.7
154.4
123.5
28.1
29.8
163.2
99.0
35.0
30.8
163.3
127.2
42.2
34.0
172.3
74.8
35.1
35.1
do
do
do
530.5
746.7
10,678.5
810.1
831.5
9, 565. 4
92.7
64.5
785.8
78.0
71.7
783.9
78.7
74.7
773.6
62.0
67.2
793.2
55.8
72.3
724.9
61.4
67.9
752.9
58.5
70.0
844.1
64.8
78.4
729.9
91.2
57.6
841.4
72.3
59.1
671.9
107.5
78.7
824.6
104.1
69.9
768.0
2,941.5
3,030.7
259.1
228.7
22S.3
213.4
214.5
251.5
240.0
273.7
254.2
281.1
301.5
306. 8
21.9
17.3
1.2
.7
3.3
.4
.8
5.5
1.6
.6
.5
.6
4.8
14.5
4, 984. 6
5, 194. 1
410.4
347.7
355.9
387.9
389.5
436.5
477.3
534.5
504.1
386.5
516.2
451.5
2,751.6
608.8
4, 573. 5
2, 866. 9
1,835.5
4, 524. 9
257.8
92.7
357.2
231 4
76.6
330.1
228.3
120.6
360.7
255.1
151.1
325.8
194.6
147.6
341.0
220.3
305.1
359.6
231.0
353.9
367.7
207.9
233.8
348.9
264.8
234.2
346. 0
230.5
276.5
386.3
257.4
229.7
393.6
283.3
233.9
431.6
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines...
Japan _
.
_.
Europe:
France
do
German Democratic Republic (formerly E.
Germany)
mil $
Federal Republic of Germany ("formerly W.
Germany)
mil $
Italy
Union of Soviet Socialist Republics
United Kingdom.
North and South America:
Canada
Latin American Republics, total 9
Argentina
_
Brazil . _
Chile
Colombia.
Mexico __
Venezuela.. .
Exports of U.S. merchandise, totald1
Excluding military grant-aid
Agricultural products, total..
Nonagricultural products, total
do
do
do
do
19,936.0 21,758.9 1, 964. 7 1, 889. 2 1, 624. 7 1, 620. 0 1, 848. 5 2, 084. 3 1,917.2 1,830.4 1, 675. 3 1,851.5 2, 197. 4 2, 192. 4
do
do
do
do
do
do
do
14,500.9 15, 670. 0 1,277.3 1,344.6 1, 266. 1 1,285.1 1,185.2 1,412.5 1, 318. 1 1, 380. 2 1, 238. 1 1, 195. 7 1, 363. 1 1,313.7
596.6
628.3
41.2
39.1
50.7
29.0
29.4
71.5
27.5
37.3
42.4
36.4
37.3
39.9
3, 088. 0 3,056.2
222.9
234.9
291.3
232.5
255.3
270.7
265.0
269.3
243.8
233.3
270.1
299.9
452.2
533.4
41.8
40 6
45.4
26.2
40.8
36.6
31.0
26.3
33.7
28.9
49.5
49.3
659.2
642.9
60.4
60 9
39.8
64.3
60.5
47.8
55.3
58.0
55.6
41.6
40.7
54.6
4, 855. 3 5, 143. 6
448.5
441.4
417.2
419.2
427.5
431.6
483.2
412.6
385.1
480.3
451.4
450.5
1, 767. 7 2, 243. 3
175.0
191.0
209.9
177.3
192.8
198.7
193.3
185.3
181.4
213.6
206.2
189.7
do
do
do
do
97, 144. 2
96, 545. 0
21,998.9
75,145.2
106,156.7
105,695.6
21,889.2
84, 267. 6
8,836.1
8,785.1
1,496.4
7, 340. 9
8, 551. 1
8, 490. 8
1. 389. 7
7, 161. 4
8,157.8 8,362.0 8,297.2
8,128.5 8,352.1 8,271.6
1, 532. 4 1, 600. 7 1, 609. 9
6, 626. 6 6, 786. 2 6,692.8
9, 633. 2
9, 601. 7
2,081.9
7,551.3
9, 420. 5
9, 407. 4
2, 176. 4
7, 244. 1
9, 215. 2
9, 190. 0
1,959.9
7, 255. 3
8, 668. 1
8, 658. 5
1, 994. 1
6,674.0
8, 633. 9
8. 629. 1
1,715.1
6, 918. 8
9, 690. 7
9,685.4
1,873.3
7, 817. 4
9, 714. 1 9, 865. 4
9, 704. 7 9, 854. 7
1, 933. 1
7, 781. 0
By commodity groups and principal commodities:
Food and live animals9
mil. $._ 13,985.8 '15,484.3 '1,028.2 '1, 059. 8 1, 114. 7 '1,182.3 '1,244.0 '1,475.5 1, 526. 8 1,382.0 1, 333. 3 1,159.8 1, 244. 3 1, 355. 3 1, 253. 4 1, 281. 3
380.7
Meats and preparations (incl. poultry) do
527.7
45.7
57.1
50.8
60.6
62.2
41.7
39.9
47.0
56.1
53.9
49.7
79.3
10, 330. 9 11,643.1
933.3 1,114.4 1, 174. 4 1, 038. 4
711.0
947.9
Grains and cereal preparations .,
do
809.0
840.6
743.8
876.7
982.7
853.8
Beverages and tobacco... _
do
1,247.4
'1,308.4
'98.0
79.8
71.5
'104.4
105.7
128.6
'150. 2
'139.3
187.9
137.6
Crude materials, inedible, exc. fuels 9
do._ 10, 934. 4 '9,783.6 '765.7 '668 3 ' 757. 0 '775.7 '693.6 '875.9 '859.4 '819.8
835.8
794.1
Cotton, raw, excl. linters and waste
do
1,334.7
59. 8
39.4
991.2
44.9
85.9
67.6
95.2
90.8
61.6
57.1
86.0
Soybeans, exc. canned or prepared
do
336.4
3, 537. 4 2, 865. 2
354.9
277.4
265.7
155.6
185.9
200.4
145.2
268.3
83.8
Metal ores, concentrates, and scrao
do.
1.475.0 1.355.2
142.2
130.6
111.7
112.6
106.4
99.8
94.8
84.1
85.8
82.4
r
Revised.
commodities, because of revisions to the totals not reflected
cfData may not equal the sum of the geographic regions, or commodity groups and principal
9 Includes data not shown separately.
118.1
120.7
90.3
89.7
904.5
104.6
267.8
93.3
888.0
82.0
256.6
100.7
929.6
875.4
in the component items.
SURVEY OF CURRENT BUSINESS
July 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
S-23
1975
May
June
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
403.8
FOREIGN TRADE OF THE UNITED STATES— Continued
VALUE OF EXPORTS— Continued
Exports of U.S. merchandise — Continued
By commodity groups and principal commodities—Continued
Mineral fuels, lubricants, etc. 9
-- mil. $
Coal and related products
do.
Petroleum and products
do
3,443.9 "•4,469.5
2,487.2 3, 343. 0
791.7
907.3
436.5
339.2
84.7
406.2
310.1
83.3
310.3
220.0
74.8
379.8
288.9
98.1
'323. 8
233.9
79.7
318.5
224.2
81.1
457.9
379.6
63.8
'350. 9
231.2
89.4
268.4
187.3
60.0
57.9
66.3
43.9
43.5
56.9
77.7
68.8
281.7
156.2
84.8
303.9
208.6
76.5
415.1
297.3
95.6
373.0
78.9
73.9
77.9
77.3
96.4
78.3
Animal and vegetable oils, fats, waxes
do
1, 423. 3
943.8
88.9
Chemicals
do
8,819.2 '8,691.2
702.6
780.7
748.7
714.9
863.8
854.2
898.1
844.4
do
do.
do
do
11,165.8 '10,919.2 ' 954. 3 ' 899. 3 ' 863. 3 ' 875. 6 '880.2 ' 980. 7 '914.2 ' 895. 3
1,795.3 1, 624. 5
129.4
122.9
132.8
136.0
162.0
147.1
142.8
145.6
2, 560. 3 2, 457. 0
199.5
230.1
225.9
199.1
184.2
173.5
185.9
151.6
1, 300. 4 1, 089. 5
71.2
87.5
98.0
79.6
92.3
92.6
84.7
103.2
894.0
150.3
145.0
90.2
890.5 1, 019. 0
151.3
175.9
152.4
164.3
68.0
104.9
975.5
168.0
168.8
89.7
959.2
959.8
Manufactured goods 9 1f - -- .
Textiles
Iron and steel
Nonferrous base metals
-..
718.7 ' 696.7
710.7 '676,1 ' 728. 8
661.6
Machinery and transport
equipment, total
mil. $_. 38,188.6 '45,667.6 3,993.0 '3,937.9 '3,569.5 '3,551.1 '3,586.1 '4,260.3 3,946.7 4, 038. 2 3,589.3 3,879.3 4, 330. 9 4, 224. 1 4,438.8 4,395.7
Machinery, total 9
do
23,687.9 28, 476. 2 2,479.9 2,423.1 2, 287. 4 2, 304. 6 2,202.9 2, 587. 9 2, 413. 8 2, 474. 3 2, 377. 1 2, 402. 3 2, 789. 8 2, 704. 0
Agricultural
do
1, 398. 4 2, 094. 4
198.5
190.7
189.9
142.6
203.4
200.3
182.5
150.1
186.6
171.4
155.5
221.5
Metalworking
do.
636.5
71.7
75.8
73.5
79.4
85.4
73.7
72.4
83.1
916.4
63.8
96.2
106.6
83.3
Construction, excav. and mining
do
3,112.6 4,731.4
406.5
421.2
413.8
397.5
438.2
419.8
374.4
429.6
386.2
423.1
394.4
434.6
Electrical
do
7, 019. 2 '7,582.0
688.5
624.2
769.4
596.9
652.7
624.1
795.1
599.2
770.0
706.4
664.2
633.3
665.1
792.2
Transport equipment, total
do
14,500.7 '17,190.5 1,510.4 1,514.9 '1,280.5 1, 246. 1 '1,382.2 '1,670.8 1,532.8 1,563.9 1,212.2 1, 477. 0 1, 541. 1 1, 520. 1 1,717.1 1, 727. 0
Motor vehicles and parts. _
_
do
7,878.1 10,036.2 890.8
893.4
848.1
743.7
728.2
997.8
893.0
989.7 919.4
944.3
760.5
981.2
Miscellaneous manufactured articles
do
5, 349. 1 '5,672.7
558.0
500.4 611.8 545.7 578.0
481.0
454.6
483.5
460.8
460.0
530.9
471.8
478.5
477.9
Commodities not classified _
do
2, 586. 6 '3,162.0
201.6
241.4
244.4
237.9
277.8 ' 245. 7 278.2 353.3 265.5
285.0
258.3 248.5
254.0
216.5
VALUE OF IMPORTS
General imports, total .
Seasonally adjusted. _
By geographic regions:
Africa..Asia _
Australia and Oceania
Europe
do
do
_.
Northern North America
Southern North America.
South America
By leading countries:
Africa:
Egypt
~
Republic of South Africa _
Asia; Australia and Oceania:
Australia, including New Guinea
India. _ __
Pakistan
..
Indonesia
Philippines.
Japan
__
100,251.0 '96,116.0 '7,365.0 '7,277.9 '7,920.1 '7,518.3 '8,152.6 '8,510.8 '7,908.5 '8,884.5 9, 009. 0 8,111.2 10,199.2 9, 895. 1 8,943.7 10,578.1
'7,263.3 '7,102.5 '7,831.6 '7,876.7 '8,196.0 '8,169.3 '8,201.3 '8,521.5 9, 17b. 0 8, 940. 9 9, 606. 5 9, 595. 7 9, 182. 4 10,093.6
do
do
do
do
6,617.6 8, 304. 6
474.5 686.4
687.4
681.6
869.2
632.5 743. 0
710.7
893.8
789.9
964.5
27,344.9 27,054.6 1,860.0 1, 870. 8 2, 176. 1 2, 223. 9 2,321.3 2, 574. 5 2, 356. 0 2, 663. 0 2, 955. 3 2, 502. 1 3, 145. 9
1,503.9 1, 508. 2
154.6
112.8
91.1
132.0
163.5
136.1
130.9
115.9
124.0
94.9
134.7
24,411.8 21, 465. 9 1, 627. 3 1, 708. 1 1, 782. 0 1, 558. 1 1,539.1 1, 742. 9 1, 831. 0 2, 053. 9 1, 896. 6 1,610.8 2, 156. 9
21,929.1 21, 754. 7 1,828.6 1,813.2 1, 756. 7 1, 597. 9 1,821.6 2, 036. 1 1, 861. 5 2, 021. 5 1, 796. 2 1,871.2 2, 253. 5
9,433.1 8, 821. 6 715.2
776.4
798.9
760.5
753.4
749.5 591.7 684.6
681.4
714.2
900.8
8, 962. 4 7, 219. 3 547.2
472.7
601.2
558.7
692.8
566.7 501.1 606.2
560.4
627.7
642.3
do.
do
do
do
do
do
do
do
do
do
do
Europe:
France
do
German Democratic Republic (formerly E.
Germany)
mil. $
Federal Republic of Germany (formerly W.
Germany)
mil. $
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
_
69.7
608.8
Food and live animals 9 .
Cocoa or cacao beans
Coffee.
Meats and preparations
SU£TEr
Beverages and tobacco
mil $
do
do
do
do
do
Ar\
do
2, 301. 4
834.4
542.4
27.5
840.9
.4
52.2
.7
77.1
2.8
91.0
2.3
46.9
6.8
79.7
.5
85.0
1, 082. 7 1,183.0
559.5
548.2
60.7
48.8
769.7
766.4
1, 688. 1 2,220.6
1, 083. 9
754.2
12,337.6 11, 268. 0
70.3
30.7
3.3
55.0
148.7
47.9
808.3
123.4
37.1
3.5
56.5
133.4
33.1
858.1
89.3
42.3
3.8
59.4
224.8
35.7
952.6
108.3
36.6
3.3
44.0
232.1
50.2
915.5
132.4
50.7
3.3
56.2
207.6
87.3
840.6
109.8
76.8
3.9
74.4
219.2
99.3
938.1
101.3
89.1
101.0
77.2
59.8
62.1
6.2
5.4
6.4
77.5
80.8
66.8
182.5
192.9
245.1
63.4
44.3
49.5
867.1 1, 044. 9 1, 156. 7
2, 257. 4
2, 136. 9
177.7
176.1
204.6
163.9
134.2
150.8
175.5
194.9
185.3
166.7
222.9
14.1
11.2
.8
.6
.7
.9
1.0
1.4
.9
1.3
1.9
.5
1.1
.6
6, 323. 9
2, 585. 0
349.7
4, 061. 3
5,381.5
2, 397. 1
254.4
3,784.4
403.2
162.3
16.5
290.0
413.6
192.3
20.3
311.8
430.0
190.3
18.7
311.4
408.8
214.3
14.1
271.4
347.6
205.7
21.4
274.6
433.1
194.9
25.4
298.2
438.1
209.9
17.0
298.3
509.5
218.5
23.7
360.7
486.0
207.5
16.7
302.2
348.0
178.5
11.2
286.6
490.1
228.5
14.5
402.7
460.8
208.8
18.3
359.0
do
21,924.4
Latin American Republics, total 9
do
13,666.9
Argentina..
_
do
385.8
Brazil
do
1, 699. 9
Chile
do —
310.3
Colombia
do
511.0
Mexico
do
3, 390. 4
Venezuela .
do
4, 671. 1
By commodity groups and principal commodlAgricultural products, total. „
Nonagricultural products, total
1, 054. 5
3, 033. 1
101.2
2,027.5
4.8
71.9
7.8
59.5
11.4
62.8
5.8
70.8
14.0
75.6
11.0
58.3
74.2
79.0
102.3
74.7
59.1
55.1
6.9
5.8
7.7
63.6
65.6
72.4
190.9
278.4 245.1
66.5
58.3
53.3
995.0 1,308.3, 1,231.2
206.1
21, 746. 7 1, 827. 3 1,812.8 1, 755. 8 1, 597. 6 1, 820. 9 2, 034. 7 1, 861. 5 2, 020. 3 1, 795. 7 1, 870. 9 2, 253. 0 2, 300. 5
11, 839. 8 979.0
925.6 1,068.7
964.1 1, 037. 6
952.3 835.6
997.2
992.8 927.8 1, 149. 5 1,027.7
214.6
12.4
10.4
14.4
39.9
10.7
24.9
20.5
17.2
27.2
22.5
18.3
23.4
1, 464. 3
121.0
96.1
115.2
117.5
188.3
134.1
119.7
98.9
98.5
116.9
135.8
133.3
137.7
7.8
13.1
10.3
9.0
11.9
14.1
12.2
10.8
14.6
19.0
13.1
16.4
590.2
55.0
40.4
44.5
46.4
61.4
59.9
41.0
58.5
51.4
59.5
58.9
59.9
3, 058. 6
274.2
270.3 298.4
251.1 243.5
268.9
248.0 280.2
258.0 335.5 309.3
263.4
3,623.9 304.5
204.0 307.8 259.3 278.1 249.8 225.3 284.1 287.4
286.2 319.7
256.6
10, 380. 1 9,489.8
687.4
829.2
787.3
701.9
946.2
857.7
763.0
800.5
831.0 1 002 8 918.2
843.0
89, 837. 9 86,650.5 6, 656. 1 6,413.7 7, 152. 4 6, 826. 2 7, 215. 4 7, 682. 7 7, 110. 2 8, 101. 6 8, 165. 9 7, 280. 2 9, 196. 3 8, 976. 9
9, 386. 2 8, 508. 8 611.0
635.8
759.9 725.1 712.1
896.9
779.7
705.8
669.5 890.1 818.6
759.7
321.1
316.6
14.6
27.2
24.6
21.2
19.4
23.6
24.0
41.7
21.8
30.3
44.3
38.8
1, 504. 8 1, 560. 9
141.0
145.5
210.4
95.7
117.4
120.3
115.9
140.9
166.3
152.0
234.3 179.8
1, 352. 6 1,141.2
102.0
67.7
95.6
106.2
83.2
99.9
100.6
125.5
90.7
135.6
122.0
128.3
2, 247. 4 1, 870. 1 145.2
165.4
109.1
237.0
259.5
174.7
90.4
76.3
91.3
122.7
62.9
76.1
781.8
980.2
1, 322. 3 1, 419. 5
128.0
136.2
95.8
116.9
103.4
106.9
137.2
108.4
129.6
120.4
158.3
127.6
141.5
167.8
Crude materials, inedible, exc. fuels 9
do
6, 065. 6 5, 564. 3 453.6
652.3
457.7
513.0
506.4
420.9 476.4
524.4
539.1
439.5 539.6 563.0
415.3
483.7
Metal ores
"do"
1,848.1 1, 976. 7 160.1
155.4
184.3
165.0
183.3
181.5
126.4
183.9
102.0
162.8
147.0
125.6
Paper base stocks
do
1, 164. 9 1, 067. 5
82.2
75.8
86.9
97.2
92.4
86.8
81.7
96.9
102.2
99.3
108.6
109.5
Textile
fibers
""do"""
225.2
174.4
19.6
12.9
17.6
12.3
11.4
11.3
18.4
20.8
16.8
22.3
18.0
31.8
Rubber
do
364.7
515.6
34.1
30.0
18.7
30.7
32.3
28.0
39.2
36.9
33.8
38.5
47.2
45.5
Mineral fuels, lubricants, etc
do
25, 453. 8 26, 475. 6 1,945.0 1,436.1 2,137.3 2,245.6 2, 446. 1 2, 345. 5 2, 089. 4 2, 547. 5
2, 302. 3
797. 3 2, 134. 9 2, 834. 1
2
Petroleum and products. _""IIIIIIIIIdoIII" 24, 269. 5 24,814.3 1, 828. 0 1,316.1 2, 021. 8 2, 134. 3 2, 305. 0 2, 197. 7 1, 931. 1 2, 364. 1 2, 790. 7 2, 122. 4 2, 748. 6 2, 620. 3
2,609.4
2, 583. 2,
Animal and vegetable oils and fats
do
553.9
544.3
30.1
33.2
32.7
48.8
51.9
41.6
44.8
29.4
46.0
66.2
51.5
36.8
37.8
34.4
Chemicals
do
4,017.7 3,696.4 285.6
275.1 302.4
270.6
252.8 247.4
327.9
298.5
350.0 316.6 410.1 414.3 371.0 388.0
Manufactured goods 9 If
do
17,718.7 14, 700. 5 1,144.7 1,230.8 1, 136. 6 1, 005. 3 1,091.8 1, 194. 0 1,121.2 1,211.1 1, 190. 5 1, 108. 6 , 470. 7 , 409. 6 ,383.4 , 649. 6
Iron and steel
do
5,148.9 4,594.5 355.8
265.7
238.5
285.4
371.6
321.8
279.6 330.5
291.2
310.0
288.3
318.6
Newsprint
do
1, 503. 2 1,427.3
106.0
97.8
131.0
134.6
131.9
109.0
169.4
73.1
78.6
68.7
76.6
157.2
Nonferrous metals. _
do
3, 921. 0 2, 580. 7
173.2
169.4
162.0
258.8 231.3 252.7
231.0
225.8
247.3 211.1 278.0 294.7
Textiles
d o " 1,614.7 1 218. 6
89.9
85.4
94.2
117.0
90.1
89.6
141.4
126.0
144.9
117.5
144.8
148.9
r
Revised.
9 Includes data not shown separa tely.
1 Manufact ured goo ds— class ified chi any by nlaterial.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
July 1976
1975
Annual
May
July
June
Aug.
1976
Oct.
Sept.
Nov.
Jan.
Dec.
Feb.
Apr.
Mar.
May
June
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF IMPORTS— Continued
General Imports— Continued
By commodity groups and principal commodities—Continued
Machinery and transport equipment
mil.$_. 24,060.3 23,464.6 1,934.5 1, 961. 6 1, 964. 4 1,822.0 1,793.3 2, 138. 6 2,018.6 2, 269. 4 2,229.7 2,104.9 2,724.0 2,606.2 2, 459. 1 2,612.5
11,612.0 11, 727. 4
944.9
971.4 1,012.0
924.3
Machinery total 9
do
966.4 1, 109. 8
999 1 1, 124. 0 1, 003. 9 1,009.7 1 310 11 228 2
299.7
29.1
361.5
25.6
26.0
Metalworking
do
23.5
29.8
29.7
28.6
29.4
28.7
32.9
25.7
26 5
411.0
432.0
527.4
Electrical
- _ __ do _ 5, 339. 1 4,911.2 357.0
407.9
444 3 496 3
455.6
566 5
450 1 443 2
590 8
990.1
837.5
952.4
807.2
897.7
777.1
826.9 1 028 8 1 019 6 1 145 4 1 225 9 1 095 3 1 413 9 1 377 9
907.0
914.3 1, 026. 2 1,132.4
979.8 1 246 3 1* 239. 3
699.8
626.3
722.7
850.9
800.6
815.7
919.7
844.1
878.7
838.7
790.2
999.2
931.7
925.4 1,098.7
198.5
219.7
223.8
189.7
217.9
217.4
211.9
234.6
186.6
169.7
215.0
189.9
211.2
P196.3
v 175. 8
p 345. 1
196.9
174.7
344.0
194.6
170. 9
332.5
195.5
162.8
318.3
194.2
168.9
328.0
195. 5
165.8
334.1
194.1
193.7
376.0
195.5
188.4
368.4
198.7 P199.8 P198.4 P 196.7
181.1 P 169. 7 v 170. 3 P 192.8
359.8 P 339. 0 P337.9 P 379.2
223.3
168.1
375.5
*241.9
P 149. 0
P 360. 6
245.8
135.2
332.3
246.2
133.4
328.5
238.3
149.4
356.0
238.8
141.3
337.4
237.6
154.5
367.2
238.9
160.5
383.4
236.6
150.6
356.2
239.6 P240.3
166.7 v 166. 7
399.4 P 400. 5
thous sh tons
_ mil. $
264,484
55,506
269, 190
61,412
22, 262
4,969
21, 441
4,847
20, 939
4,743
23, 479
4,984
21 373
4,625
23 611
5,485
27 156
5,466
23 346
5,360
21 578
5, 107
19 368
4,772
thous sh tons
mil $
446, 558
67,160
427, 865
63, 469
32, 342
4,779
27, 781
4,632
36, 107
5,300
35, 633
5,135
39 381
5 418
36 773
5,349
32 095
5,018
38 910
5 780
40 865
6 253
33 305
5 246
12,450.7 11, 737. 2
10,263.9 9, 920. 7
989.6
851.3
Miscellaneous manufactured articles _._ do -
9,426.2
9,227.6
Commodities not classified
2, 255. 7
2, 529. 1
174.5
180.5
315.0
Transport equipment
Automobiles and parts.
._
do
do
do
196 4
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1967 = 100Quantity
do
Value
.-do_ __
General imports:
Unit value
- - do
Quantity
do
Value
do
P 198. 9 P201.2
p 191.0 "191.8
P380. 0 P385.9
P 241.9 P 243.1 P245. 0 P245.9
p 150.9 P 188.8 p 182. 1 P 164. 3
P 364.8 P 459.1 P446. 2 P40LO
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
Value
General imports:
Shipping weight
Value
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)
bil
Passenger-load factor§
percent
Ton-miles (revenue) totalf
mil
Operating re venues 9 O
Passenger revenues
Cargo revenues
Mail revenues
_
Operating expenses©
Net income after taxes©
Domestic operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
Operating revenues©
Operating expenses©
Net income after taxes©
mil $
- do
do
do
do
do
bil..
mil
do
mil $
do
do
162 92
54.9
22, 425
162 81
53 7
22, 186
14, 703
11,879
1,248
309
13 978
322
pl5 356
p 12, 354
p 1, 310
P311
Pl5 228
P —72
129. 73
2 888
692
131.73
2,747
683
12 91
50 9
1 774
14 90
56 5
1 968
16 10
57 4
2,110
17 30
61 9
2241
3 796
3,078
316
75
3 711
32
10.42
233
57
12.14
232
52
13 36
53 7
1 899
12 26
52 0
1 762
12.75
238
54
13.81
249
54
10.22
244
53
13 93
60 1
1 901
13 94 pl2 75 p 14 19
53 4 p52 0 p 53.6
1 839 P 1, 727 p 1, 954
P3 884
*>3 037
»356
P84
?3 923
p 58
4 174
3 389
344
72
3 950
118
2,964
2 903
18
11,546 P 12,020
10 761 p 11 902
381
P —46
12 90
51 8
1 803
10.92
261
59
10.06
239
55
3,203
3 075
42
11.36
214
75
11.29 plO.54 pll.80 « 10. 97 ° 10. 66 « 11. 83
p 250
P207
206
*59
P52
56
P 3 073
p 3 06?
p 13
International operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
bil
mil
do
33 10
2 083
471
31.08
2,048
426
Operating revenues©
Operating expenses©
Net income after taxes©
mil $
do
do
3,157
3 218
-60
p 3, 336
?3 326
P -25
mil
5 606
5 597
98
2 9 610
98
2 9 553
100
2,269
100
2 500
98
2 761
95
2 565
233
220
54
81
78
65
194
174
41
43
49
45
135
121
118
124
2 49
157
36
3.35
172
35
2 76
156
37
3.49
175
33
832
808
15
2.67
187
30
2.44
210
33
2.20
204
38
971
875
75
2 56
173
46
2.65
151
33
?2. 21
Pl61
p32
P2.39
^193
p33
481
467
564
P 811
P 861
p —45
Urban Transit Systems
Passengers carried (revenue)
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 and contract carriers of property
(qtrly )cf
average same period 1967—100*
Common carriers of general freight, seas. adj.
1967 100
155 4
131 8
475
123 0
455
128 3
430
131 2
Class I RailroadsA
Financial operations, qtrly. (AAR), excl. Amtrak:
16 423
Operating revenues total © 9
mil $ 2 16 947
3 995
15 410
3,' 746
15 881
Freight
'
do
73
297
290
Passenger excl Amtrak
do
13, 127
13, 254
Operating expenses 0
do
3 301
2 818
3 050
Tax accruals and rents
do
693
I
769
351
Net railway operating income
do
1687
Net income (after taxes) ©.
do.__
Ull
1-67
r
2
Revised.
p Preliminary.
1 Before extraordinary and prior period items.
Annual
total; quarterly revisions not available.
9 Includes data not shown separately.
1 Applies to passengers, baggage, cargo, and mail carried.
§ Passenger-miles as a percent of
available seat-miles in revenue service reflects proportion of seating capacity actually sold
and utilized.
© Total revenues, expenses, and income for all groups of carriers also reflect
nonscheduled service.
*New series. Source: ICC (no comparable data prior to 1972).
425
138 5
433
140 1
496
137 5
450
137 6
493
141 8
142 6
149 6
152 2
484
472
145.0
155.7
b
4,154
3 824 4 365
4 435
3 900
4 176
75
78
3,237
* 3, 288 3,535
3,415
6
727
764
653
743
190
66
*> —116
277
61-174
124
1115
1239
d* Indexes are comparable for the identical quarter of each year (and from year to year).
A Effective 1976, class I roads are defined as those having annual operating revenues of
$10 million or more.
0 Natl. Railroad Pass. Corp. (Amtrak) operations (not included in
AAR data above), 1st 6 months 1974 and 1975 (mil. $): Oper. revenues, 129; 119; oper. expenses,
221; 248; net loss, 125; 166; (ICC).
"Domestic trunk operations only (domestic trunks
6
average about 90% of total domestic operations).
For 1st qtr. 1975.
July 1976
S-25
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition ol BUSINESS STATISTICS
1974
Annual
1976
1975
1975
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Feb.
Mar.
« 193. 8
Jan.
200.1
' 189. 8
Apr.
May
June
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION—Continued
Class I RailroadsA— Continued
Traffic:
Ton-miles of freight (net), total, qtrly
bil
Revenue ton-miles, qtrly. (AAR)
do
Revenue nor ton-milo
cents
Price index for railroad freight
1969=100..
Pnssengers (revenue) carried 1 rnlle
mil
880 7
851.0
1.848
149.7
10, 333
781.0
' 752. 8
169.4
193 3
189.6
1.950
165.9
2
4, 794
165.8
202.8
' 196. 2
190.1
182.4
2
203.1
175.2
175.6
175.7
180.2
180.8
180.9
181.0
181.2
181.2
185.4
187.1
123
27 18
64
21 51
71
131
27 31
59
22 81
71
121
26 89
60
21 77
76
115
27 01
58
20 72
65
131
29 55
70
21 31
69
117
28.19
60
21 16
60
117
27.67
43
20.83
48
108
29.41
56
21.24
58
113
30.48
57
21.11
63
132
29.28
62
21.64
66
120
30.88
64
21.93
66
140
32.10
67
22.92
71
315
3,828
315
5,357
187.4
Travel
Hotels and motor-hotels:
Restaurant sales index.
same month 1967=100
Hotels* Average room sale 1
dollars
Rooms occupied
% of total
Motor-hotels* Average room salef
dollars
Rooms occupied
% of total
Foreign travel:
1
U S citizens Arrivals©
thous
Departures©
do
Aliens* Arrivals©
do
Departure*;©
do
Passports issued
..
do
National parks, visits
do
117
25 02
62
19 38
67
118
126
27 60 r 29r U
59
62
21 23 r 21r 74
64
64
8 540
8 306
5 936
5 067
2,415
52, 857
i § 050
8 177
6 176
5 326
2,334
60, 527
625
731
466
406
263
4,437
701
760
538
445
286
7,948
872
903
675
556
241
11 320
1 003
882
728
665
187
11, 445
653
706
543
483
161
5,845
658
632
472
480
131
4,597
606
599
430
398
119
2,596
514
624
457
418
118
3,716
« 571
« 545
5474
«426
183
1,829
194
2,196
285
2,491
mil $
do
do
do
do
mil
29, 013
13 932
11,456
18 468
5 310
127 9
32, 075
15 256
12 688
20 672
5 793
132.3
2 647
1 254
1 054
1 685
484
129 2
2,659
1 268
1 050
1 674
495
129 5
2 717
1 270
1 102
1 725
500
129 9
2,712
1,280
1,085
1 729
497
130.3
2,743
1,300
1,087
1,777
492
131.1
2,827
1 323
1,138
1 854
500
131.6
2,761
1,329
1,059
1,766
508
132.0
2,842
1,347
1,125
1,856
527
132.3
2, 853
1,350
1,138
1 829
509
132.9
p2,837
p 1, 364
p 1, 089
p 1, 788
P519
p 133. 4
P3.023
P 1, 381
P 1, 245
p 1, 938
P540
p 133. 6
mil $
do
483 9
384.7
69 4
504.8
403.9
70 7
42.6
33.6
59
43 2
33 4
71
43.1
33.7
69
41.5
33.9
52
42.1
34.3
54
45.1
35.6
68
41.4
33.8
50
44.4
37.5
54
41.1
34.4
41
42.2
33.7
6.2
46.0
35.9
7.7
45.1
35.2
7.5
4298 7 p 4 315. 8
*205 4 p 4 223 5
4 77 4 p 4 74 (j
26.2
18 1
68
26.0
18 5
60
26.7
19.0
62
25.5
18.1
59
*27.5
4
18.9
4
71
428.7
419.8
47.3
425.2
418.4
4
52
426.6
420.4
45.1
427.0
420.1
45.0
426.4
419.8
45.2
29.5
21.3
6.6
28.3
21.1
5.5
345
8,451
COMMUNICATION
Telephone carriers:
Operating revenues 9
Station revenues
Tolls, message
Operating expenses (excluding taxes)
Net operating income (after taxes)
Phones in service end of period
Telegraph carriers:
Domestic:
Operating revenues
Operating expenses
Overseas, total:
Operating revenues
Operating expenses
do
do
u „
e o e a e ;__.
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% AljOaU
1,283
1,062
thous. sh. tons..
10,753
Chlorine gas (100% Ch)t
do
9,023
2,451
1,973
Hydrochloric acid (100% HCl)~t_~
do....
524
Phosphorus elemental
do
455
Sodium carbonate (soda ash), synthetic (58%
3,507
2,793
NajOH
thous. sh. tons..
Sodium hydroxide (100% NaOIDJ
..do
11, 189
9,268
Sodium silicate anhydrous
do
770
655
Sodium sulfate anhvdroust
do
1,348
1,267
Sodium trypolyphosphate (100% NasPaOw)!
903
777
do
787
Titanium dioxide (composite and pure) J. ..do
603
Sulfur, native (Frasch) and recovered:
Production
thous. Ig. tons.. i 10,533 ••110,180
Stocks (producers') end of period
do
3,957
5,126
89
709
149
37
79
695
150
35
100
699
159
31
99
767
175
33
88
778
169
39
106
839
180
41
80
770
159
40
98
827
181
38
83
758
181
36
82
781
203
37
92
••844
••201
37
98
861
203
34
248
726
64
105
216
713
61
81
214
719
49
96
226
792
45
101
208
801
41
102
247
858
62
112
200
793
61
108
249
844
60
92
204
789
60
100
210
805
64
95
225
•"848
'72
'99
214
868
77
122
61
46
60
48
57
50
68
57
67
63
72
62
61
52
62
52
60
57
62
61
65
••73
58
66
912
4,498
835
4,739
837
4,871
841
4,950
802
4,993
826
5,051
781
5,078
817
5,126
791
5,226
746
5,252
••818
5,297
805
5,353
821
5,466
1,406
591
144
593
230
600
2,483
1,354
523
150
553
218
530
2,263
1,349
559
171
581
192
502
2,300
1,360
489
170
541
162
543
2,381
1,264
536
150
569
153
573
2,400
1,235
596
157
165
155
635
2, 601
1,251
568
154
608
159
662
2,695
1,439
610
185
624
162
657
2,940
1,342
558
150
588
147
615
2,575
1,241
546
156
581
141
603
2,557
1,362 ' 1, 446
••635
559
148
(7)
••661
631
'195
149
702
664
2,834 ' 2, 875
1,489
675
661
204
679
2,785
375
707
338
1,715
134
1,023
205
406
621
320
1,787
79
1,252
111
461
509
672
1,586
147
1,163
133
478
538
384
1,619
173
1,081
132
505
541
470
1,639
142
1,205
79
462
619
437
1,596
110
1,103
104
458
656
381
1,159
84
808
96
472
552
704
1,662
151
1,133
115
495
••451
914
2,150
138
1,609
157
453
499
-•388
1,401
97
962
166
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrousj
thous. sh. tons..
Ammonium nitrate, original solution}:
do
15, 805
7,542
i 2, 120
8,120
2,243
7,213
33, 052
15, 780
6,967
1,921
7,074
2,200
7,157
30, 593
Nitric acid (100% HNO 3 )f-do....
Nitrogen solutions (100% N)|
do
Phosphoric acid (100% P2O8)|
do
Sulfuric acid (100% HjSO^l
do
Superphosphate and other 'phosphatic fertilizers
(100% PjOj):
413
383
495
5,396
Production
thous. sh. tons..
5,367
541
650
697
607
Stocks end of period
do
377
324
244
177
Potash, deliveries (KaO)".
...
. d o
5,079
6,334
1,575
1,821
1,503
Exports total 9
do
19, 611
120,156
149
108
116
1,397
Nitrogenous materials
do
* 914
1,179
1,010
1,276
Phosphate materials
do
15,361 13, 786
127
126
81
Potash materials
do
1,415
1,419
Imports:
27
17
8
245
Ammonium nitrate
do
369
12
5
6
Ammonium sulfate
do ..
219
258
332
299
388
6,132
Potassium chloride
do
7,146
5
16
18
Sodium nitrate
do
150
139
r
l
Revised.
P Preliminary.
Annual total; monthly revisions are not available.
3
4
For six months ending in month shown.
» For month shown.
includes data for
Western Union Int. Cable & Wireless as noted.
« See note ©.
« Restated 1st qtr. 1975.
7
Effective Apr. 1976, data are being withheld to avoid disclosure of figures from individual
companies.
ASee "A" note, p. S-24.
fAverage daily rent per occupied room, not scheduled rates.
P308
23
64
17
12
35
32
15
14
12
23
45
65
106
21
47
15
18
20
14
6
526
828
943
507
564
526
510
746
418
354
9
14
14
0
4
0
0
2
7
0
9 Includes data not shown separately.
©Effective 1976, data are compiled by U.S. Dept. of Transportation from INS records
and refer to air travel; travel by sea is omitted (for 1973-75, average annual arrivals and departures by sea are as follows—units and order as above: 814; 784; 159; 129).
t Monthly revisions back to 1971 are available upon request.
SUEVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
July 1976
1976
1975
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Industrial Gases}
Production:
Acetylene
roil,
cu ft
7,808
Carbon dioxide, liquid, gas, and solid
thous. sh. tons..
1,766
Hydrogen (high and low purity)
mil. cu. ft
75, 017
Nitrogen (high and low purity)
do
243, 612
Oxygen (high and low purity)
do
389, 628
Organic Chemicals cf
Production:
Acetylsalicylic acid (aspirin)
...
mil. lb__ ' i 33. 3
Creosote oil
_
mil. gal. ' i 114. 6
Ethyl acetate (85%). _
mil. Ib ' i 197. 6
'15, 764.4
Formaldehyde (37% HCHO) ..
do
348.7
Glycerin, refined, all grades
do
Methanol, synthetic
mil gal ''1, 035.9
Phthalic anhydride
mil. Ib.. ' i 977. 1
ALCOHOL*
Ethyl alcohol and spirits:
618.2
Production
mil. tax gaL.
460.0
Used for denaturation
do
73.8
Taxable withdrawals
do
100.6
Stocks, end of period
_
^ do
Denatured alcohol:
254.8
Production
>.
mil. wine gal
254.9
Consumption (withdrawals)
do
2.8
Stocks, end of period
do
617
607
'164
154
145
6,165 ' 7, 337 7,064
22, 448 ' 24,496 23, 197
32, 107 ' 33,618 32, 367
160
6,533
23, 677
34, 695
2.3
'7.5
15.7
503. 2
29.6
80.4
'83.2
1.7
7.2
13.1
472.9
26.5
82.4
79.7
2.6
7.5
14.9
441.2
28.2
84.4
81.0
36.2
29.9
5.2
105.6
44.0
38.0
7.3
101.8
39.3
35.0
5.9
96.5
16.2
15.9
2.8
20.2
20.2
3.4
19.0
19.5
2.9
6,623
537
539
567
592
728
552
590
635
582
1,391
64, 959
236,248
350,789
115
5,541
19.350
29,067
127
5,214
18,688
27,014
133
5,485
19,453
26,895
138
5,857
19, 971
27, 558
127
5,967
20,245
29,854
129
6,137
20,436
29,018
103
5,386
19, 958
28, 390
109
6,344
21,551
28,341
138
6,397
22,445
30,024
125.8
i 117. 0
i 124.3
14,616.0
264.4
i 779. 7
i 708. 8
1.9
8.7
7.0
352.7
18.3
58.7
54.7
2.2
7.6
5.9
372.7
18.8
76.5
64.2
2.3
5.9
11.1
356.7
17.3
80.5
52.6
2.4
7.5
11.1
384.3
22.1
64.6
64.9
1.9
8.3
10.8
430.1
19.5
61.6
68.0
2.0
7.9
9.8
495.4
22.9
65.6
73.6
2.2
6.3
14.3
399.4
25.7
73.5
65.0
1.8
6.7
14.1
431.7
27.0
78.7
78.1
2.1
6.0
11.9
357.8
27.3
71.5
68.4
2.4
5.5
12.1
451.8
23.8
67.4
65.3
526.3
391.3
77.7
106.1
39.8
30.4
6.4
114,7
39.1
29.6
6.8
116.7
41.3
29.7
6.4
114.1
40.1
29.7
6.3
115.2
39.6
43.8
7.1
107.0
53.8
37.8
7.6
96.7
46.4
30.0
6.3
103.1
47.9
39.8
7.5
106.1
41.6
35.2
5.5
102.6
207.3
207.1
2.7
16.4
16.9
2.1
15.6
15.8
2.0
16.8
16.5
2.3
16.1
16.4
2.1
18.9
18.8
2.2
20.3
20.3
2.2
16.2
16.3
2.1
21.6
20.4
2.7
19.1
19.4
2.5
'11, 598.4
'18, 826.4
'12, 248.7
'15, 059.6
'14, 744.0
1 1,277.5
i 7,200.8
11,917.6
i 3,834.1
13,816.1
99.8
506.6
144.8
345.9
270.4
101.8
542.8
164.8
307.1
315.8
98.9
569.1
158.7
294.5
316.6
109.0
633.5
188.8
347.3
335.9
124.2
680.0
189.6
419. 9
322.3
138.3
711.5
204.5
420.3
374.0
111.6
693.6
192.3
389.9
371.0
108.6
765.3
185.2
378.2
362.3
123.2
680.4
164.1
330.4
373.5
120.3 ' 143. 0
704.9 ' 784. 8
177.6
216. 5
412.7
490.7
358.1 ' 380. 0
2, 152. 6
2,325.7
373.4
206.7
166.7
387.1
209.7
177.4
384.6
197.5
187.1
364.0
175.6
188.3
318.2
159.7
158.6
276.0
124.9
151.1
305.0
142.2
162.8
361.0 ' 396. 2
175.4 ' 195. 6
185.6 '200.6
588
601
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
_
Polyethylene and copolymers
Polypropylene
Polystyrene and copolymers
_
Polyvinyl chloride and copolymers
...mil. lb,.
do
do
...do
do
135.9
720.5
226.5
509.2
388.0
125.4
778.5
243.8
548.8
440.2
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly
nil. IbPaints, varnish, and lacquer, factory shipments:
Total shipments
mil $
Trade products
do
Industrial
finishes
do
3, 672. 3 4, 026. 6
1, 870. 5 2,079.0
1, 801. 7 1,947.6
589.2
610.5
362.9
197.4
165. 5
391.6
216.2
175.4
525.7
591.1
419.7
228.2
191.5
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil kw -hr
Electric utilities total
By fuels
By waterpower
do
do
do
Industrial establishments total
By fuels
By waterpower
do
do
do
1 967 288
158 376
1 864 8461 909 108 151 471
1
1 564 431 609 467 123 781
300 415 299 641 27 690
102 442
98 905
3 537
6 906
6 582
324
167 782 183 860 186 641 162 083
160 927
133 843
27 083
6 855
6 559
296
Sales to ultimate customers, total (Edison Electric
Institute)
mil kw hr 1 700 769 '1 733 024 133 505 141 801
Commercial and industrial:"
Small light and power§
do
392 716 418 069 32 313 35 703
Large light and power §
do
689 435 661, 558 53 530 54 843
Railways and railroads
Residential or domestic
do
do
Street and highway lighting
Other public authorities
Interdepartmental
do
do
do
4,272
339
4 258
554 960 ' 586 149 42 424
13 314
40 721
5 366
13, 907
43 625
5,443
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $ 39 126 8 '46 853 5
1 063
3 436
177 085 179 533 155 073 154 748 152 334 168 654 177 873 156, 811 164, 152
151 234 156 810 134 574 132 133 127 938 142 709 151 780 132, 328 137, 646
25 851 22 793 20 499 22 615 24 396 25 945 26 093 24 483 26, 506
6 776
6 518
258
1 ^n KV7
38 400
54 335
319
45 741
1 092
3 691
482
344
7 108
6 875
232
7 010
6 776
234
1 f\7 fil 3 154 635 142 409 140 141 146 913 158 078 152 998 147 793 143 317
39 395
56 551
326
38 276
57' 555
333
351
33 483
56, 923
338
34 288
56, 230
36 288
56 473
389
408
35 357
57,114
404
52 275
55 311
53 057
44 430
43 870
50 442
59 083
54 549
1 075
1 077
3 857
1 124
3 798
1 201
3 772
1,294
3 749
1 310
3 761
1 328
3 979
1 201
3 887
3*716
492
498
493
o K^O n 3 832 4 4 1S7 9 4. 3fifi ft
A OQ4. X
398
34 655
57, 512
488
485
493
519
477
34, 071
59, 105
379
48, 656
1,201
3,847
534
33, 507
58, 930
334
45, 365
1,139
3,540
501
3 974 4 3 855 3 4 043 9 4 349 5 4 245 5 4 143 9 4 028 7
GAS
Total utility gas, ouarterly
(American Gas Association):
Customers, end of period, total
Seles to customers, total
Residential
Commercial
Industrial
other
other
44 734
45, 007
44, 552
44 400
45, 007
45 243
41 034
41, 336
3,421
40 932
40 811
3 349
41, 336
3,421
186
54
191
58
41 530
3 470
:::
3,446
196
58
191
58
3,375
190
54
16 000
14 882
3 546
2 790
3 567
4 956
4 865
2 293
8 153
4,977
1,150
1,170
2 145
534
1 728
1 854
1,652
172
179
1 686
689
6,888
670
468
296
mil. $
15, 360
19, 205
4,560
3,374
5,000
7,670
do
do
do
6 309
2 539
5 509
8 441
3 315
6 849
2 012
979
435
2 144
752
1 682
1 784
3 853
1 508
2 104
tril Btu
Revenue from sales to customers, total,
Residential..
Commercial
Industrial
thous
do
do
do
do
Residential
Commercial
Industrial
Other
do
do
do
do""
:::::::::::::: do ~
2 346
133
601
413
113
'Revised. ot Reported annual total; revisions are not distributed to the monthly data.
i wh ]
re
i!cc?fi ^ *
°J y comparable on a year to year basis because of changes from one
lassification to another.
cf Data are reported on the basis of 100 percent content of the
566
884
1,822
149
176
specified material unless otherwise indicated,
able upon request.
187
55
937
188
204
J Monthly revisions back to 1973 are avail-
SURVEY OF CURRENT BUSINESS
July 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
S-27
1975
May
June
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
12.44
10.86
13.38
11.89
11.00
13.33
Mar.
Apr.
May
June
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES 9
Beer:
160. 52
Production
-.mil. bbl__ 156. 20
145. 46
148. 58
Taxable withdrawals
_
_ _do_ _
12.74
12.58
Stocks end of period _ __
do
Distilled spirits (total):
144. 23
Production
__mil. tax gal-- 162. 55
Consumption, apparent, for beverage purposes
mil. wine gal__ U17.22 i 423. 31
229. 43
Taxable withdrawals _ __mil. tax gal-- 221.77
875. 75
793. 87
Stocks end of period
do
113. 46
110. 98
Imports
mil. proof galWhisky.
60.07
75.15
Production
mil. tax gal. _
137. 04
140. 82
Taxable withdrawals
do
822. 11
737. 39
Stocks end of period
__do
94.98
93.92
Imports
- mil. proof gal Rectified spirits and wines, production, total
mil. proof gal. .
Whisky
__
do...
Wines and distilling materials:
Effervescent wines:
Production
- - mil. wine gaL.
Taxable withdrawals
do
Stocks end of period
do
Imports
- - - do
Still wines:
Production
.. __ _
do
Taxable withdrawals
do
Stocks, end of period.. . . __ .
do ...
Imports
_ _
do_ _.
Distilling materials produced at wineries. _do
118. 67 ' 112. 94
53.38 ' 47. 32
14.34
13.42
14.17
15.76
14.44
14.30
16.00
14.69
14.36
14.72
13.88
14.18
13.34
12.51
13.98
12.35
11.90
13.48
11.22
10.61
13.20
12.15
11.59
12.74
11.86
10.99
13.31
13.69
12.91
13.06
15 18
13.58
13.53
11.87
10.81
7.57
6.31
11.83
18.85
16.97
16.24
13.09
12.80
15.71
14.80
33.84
19.47
841. 86
9.89
35.80
20.28
830. 03
9.01
33.38
17.08
822. 39
8.67
32.15
18.29
811.02
7.48
32.34
20.59
802. 92
8.71
36.86
23.91
797.38
12.72
39.55
20.72
794. 63
11.75
53.11
18.94
793. 87
12.59
30.21
17.56
787. 91
7.98
28.09
15.55
790. 63
7.27
35.67
20. 85
782. 36
8.80
15.59
779 60
8.64
8.66
5.13
11.92
786. 90
8.32
4.10
11.75
776. 47
7.50
2.42
10.04
770. 97
7.39
1.22
10.87
760. 46
6.05
5.41
12.81
752. 70
7.13
8.82
15.78
744.94
10.83
7.87
13 22
739. 59
10.01
8.06
11.19
737. 39
10.70
6.45
10.10
733. 65
6.71
8.56
6.60
8 85 12.40
731. 23 727. 36
6.03
7.09
9.08
8 93
727. 82
7.08
7.10
9.83
4.34
10.26
4.36
8.48
3.54
8.18
3.22
10.08
3.98
11.38
4.96
9.71
4.48
9.51
3.58
7.29
2.87
7.60
3.31
10.36
4.41
7.83
2.84
1.26
95
8 54
. 13
1.89
1.32
9.03
. 19
1.39
1 05
9.29
.20
.20
9.26 . 8.98
7.56
23 31
21 46 30 39
414. 11 388. 19 370.04
4.61
5.18
3.31
4.46
18.84
18.03
8.12
1.80
19.37
18.46
7.91
1.93
1.43
1.20
9.65
.12
.86
1.52
8.95
.13
1.51
.91
9.49
.08
2.14
1.05
10.45
.10
1.58
1.42
10.52
.14
1.84
2.85
9.42
.22
2.00
2 61
8.75
.30
2.05
2.61
7.91
.35
1.57
1.12
8.30
.18
401.45
280. 04
451. 59
2
49. 58
384. 73
300. 18
451. 77
47.39
8.88
24.24
347. 15
3.65
7.78
25.13
325. 14
3.98
8.97
22.40
306. 45
3.91
8.97
21.69
287. 46
3.83
62.87
24 32
319. 58
3 44
162. 20
29.97
440. 94
3.91
70.10
26 66
473. 10
21.41
27.86
451. 77
5.34
9.04
24.13
429. 85
4.68
354. 30
338. 20
2.72
3.87
6.12
13.24
80.01
143. 25
38.40
24.37
9.74
7.33
6.41
5.14
961.7
49.2
.674
' 980. 5
10.9
.818
101.6
85.1
.705
'88.0
99.6
.706
'69.4
97.8
.788
'57.7
78.9
.863
'57 5
39 6
.900
'68.3
27.1
.950
' 63 9 '84.0
10.9
15. 1
1. 095
1.042
94.3
9.3
.878
85 4
16 5
.824
89 3
31 2
.881
87 6
' 44.5
.918
94 0
69 1
.921
'271.0 ' 275. 0 ' 249. 2 ' 226. 9 r 214 8 ' 220. 2 ' 208. 7 ' 242. 0
' 170. 3 ' 169. 4 ' 150. 1 ' 131.8 ' 116 5 ' 120. 0 ' 115.5 '134.8
249.0
149.3
241 2
149 7
275 0
165.8
297.0
187.2
313 6
204.1
c OQ
DAIRY PRODUCTS
Butter, creamery:
Production ( factory) J
Stocks cold storage end of period
Price, wholesale, 92-score (N.Y.)..
Cheese:
Production (factory), total t
American, whole milkj
_ _ _
mil. Ib
do
$ per lb__
mil. Ib '2, 937. 4 '2,811.2
_ do __ 1,858.6 '1,654.5
82 0
.974
477.1
473.7
494.0
Stocks, cold storage, end of period
do _
367.8
453.1
367.8
362.4
447.9
371.1 ' 393. 0 435.7
388.3
379 2
421 2
479 9
365 9
412.9
408.9
307.0
420.8
307.0
303.2
American, whole milk
do _.
390.8
328.6
321.2
312.6 ' 333. 8 375.7
418.3
386.6
359 9
305 9
13.4
0.6
315.6
179.5
28.8
12.0
11.9
Imports
do
19.7
11.7
15.5
9.0
10 8
31 3
10 1
15 2
Price, wholesale, American, single daisies (Chi1.030
1.006
1.182
.973
1.044
cago)
$ per Ib
.987
1 146 1 153
1 064 1 119 1 164 1 169 1.192
1 082 1 138 1. 166
Condensed and evaporated milk:
1,035.2 '953.8 '98.3 '99.4 '90.0 '79 1 ' 71 0 '67.9 r 65 7 '80.3
76.2
Production, case goodscT'J
mil. Ib
94.9
89.5
86 6
73 3
Stocks, manufacturers', case goods, end of month
104.0
79.2
114.7
84.2
58.6
44.5
58.6
70.9
57 4
or yparc?1
mil. Ib
76.8
104.3
49 6
105 5
96 6
63 9
Exports:
.1
.1
.1
.1
(56) Q
1.6
.1
.1
.2
.6
Condensed (sweetened)
do .-.
1.8
(5)
.2
(5)
.4
4.3
4.7
51. 6
4.0
4.2
4.4
3.7
40.7
Evaporated (unsweetened)
do
4.2
3.9
Fluid milk:
9,967
9,173
9,588
115,553 115,458 10,818 10,435
9, 068
9,545
Production on farms t
do
8 823 9,284
9 248 10, 250 10, 450 11,184 10, 865
' 59, 857 '59,219 ' 5, 988 ' 5, 904 '5,291 ' 4, 687 ' 4, 265 '4,315 '3*938 ' 4, 665 4, 975
6,085
Utilization in mfd. dairy products^. do
5,714
5,495
4 830
8.23
9.69
7.97
8.71
8.60
10.20
Price, wholesale, U.S. average*
$ per 100 lb_.
8.33
8.03
9.22
10.30
9.72 '9.37 '9.23 p9. 14
9.79
9.99
Dry milk:
Production:
'5.3
'8.2
'5.3
67.7
'63.1
'5.4
4.2
Dry whole milkj
.
mil. Ib
7.4
9.8
'7.1
'7.0
6.5
7.4
67
'54
1,019. 9 '994.0 ' 126. 3 '121.9 '92.7 '69.1 '50.1 '45.5 '49 5 '66.8
Nonfat dry milk (human food)J--_do _
67.0
104.9
78.4
87.6
71.1
Stocks, manufacturers', end of period:
6.7
6.4
7.1
4.4
Dry whole milk
__do _
5.6
7.5
7.3
6.2
10.4
8.7
5.6
7.4
9.1
36
11.0
91.9
134.6
36.0
Nonfat dry milk (human food)
do
47.1
119.2
111.7
70.3
48.6
47.1
96.9
43.3
73.8
55 5
49 8
36 9
Exports:
2.4
3.3
Dry whole milk
do
45.2
35.5
3.4
3.6
2.9
2.6
2.8
2.8
2 2
4 0
4 4
32
2 7
5
.1
10.7
13.4
2
2
Nonfat dry milk (human food)
do
6.7
.2
.2
2.9
90.6
48.9
.6
.2
.3
Price, manufacturers' average selling, nonfat dry
.607
.586
.607
milk (human food).
$ per Ib
.628
.633
.646
.689
.605
.705
.659
.620
.631
643
.635
705
GRAIN AND GRAIN PRODUCTS
173.9
163.2
Exports (barley, corn, oats, rye, wheat), mil. bu
2, 220. 3 2, 528. 4
204.1 205.5
254.2
246.2
231.8
147.2
264.6
231.9
210 7
209 3
289 2
Barley:
Production (crop estimate).
do
3 304. 1 3 383. 0
8311.4
475.1
228.0
Stocks (domestic), end of period
do
342.3
6 7 127.4
275.5
275.5
' 184. 6
4
G 7 63 1
On farms
do
125 2
29.5
215 3
162 0
162 0
98 3
4
45.6
O f f f a r m s - - __
_
do
127.0
102.7
6 7 64 3
113.5
113.5
'86 4
.4
3
1.0
2.0
Exports, including malt§
do
3.3
56 7
14
4.7
31 8
14
1.1
50
2 2
34
10
Prices, wholesale (Minneapolis):
3.51
3.71
No. 2, malting
$ per bu
3.63
3.53
3 42
2 96
3.03 v 3 37
3.80
4 09
3 81
3 22
3 04
2 94
3 64
3 00
No. 3, straight
_.
do
3.38
3.32
2.94 v 3.36
3.57
3.40
3.67
3.60
3.26
3.05
2.97
3 86
3.44
2.98
2.78
2 78
Corn:
Production (crop estimate, grain only) mil bu 34 663 6 3 5 767 0
86 552 7
4
1,149.7
Stocks (domestic), end of period, total
do
359. 4
71 856 5
3,620 7 4 431 3
2 811 8
4 431 3
4
7
On farms
do
191 3
804.0
2 540 7 3 162 0
1 276 7
3 162 0
1 899 4
"
7 C7Q Q
4 J6g 2
1 9RQ 4.
Off f nrms
do
345 7
r QI 2 4
1 080 0 1 9AQ 4
69.2
89.2
Exports, including meal and"
flour
do
81.6
153.4
133.0
75.3
137.9
129 4
74 1
153 1
164 6
165 6
136 8
1*180*8 1 321 8
Prices, wholesale:
3.04
No. 3. yellow (Chicago)
$ per bu
3.13
2.91
2.69
2.66
3.22
2.82
2.97
2.76
2.92
2.74
2.63
Weighted avg., selected markets, all grades
2.93
3.15
2.86
3.14
2.73
2.90
2.95
2.63
do
2.58
2.57
2.70
2.66 '2.80 P2.87
2.88
2.63
Oats:
Production (crop estimate).
mil. bu
3 613 8 3 656 9
8 498. 9
4
Stocks (domestic), end of period, total
do
6 7207 4
r 322 0
185. 7
506 6
626 8
501 1
501 1
4
On farms
do
6 7161 6
120. 4
384 1
496 1
251 9
407 0
407 0
4
Offfarms
_
do
65. 3
6 7 45. 8
122 5
130 8
94 1
94 1
'70 1
.5
3
3
4
1
Exports, including oatmeal. ...
do
.4
.7
1.8
.6
2.8
25
15 5
1.9
2 9
30 0
Price, wholesale, No. 2, white (Minneapolis)
1.56
1.69
1.82
1.63
1.63
1.71
pl.92
$ per bu__
1.59
1.62
1.67
1.62
1.67
1.66
1.68
1.65
1.67
7
'2 Revised.
» Preliminary.
1 Includes Hawaii; no monthly data available for Hawaii.
year's crop; new crop not reported until June (beginning of crop year).
Stocks as of
3
Annual total reflects revisions not distributed to the months.
Crop estimate for the
June 1.
s July 1 estimate of 1976 crop.
cfCondensed milk included with evaporated
4
year.
Previous year's crop; new crop not reported until beginning of new crop year
to avoid disclosing operations of individual firms.
§Excludes pearl barley.
9 Scattered
(July for barley and oats; Oct. for corn).
5 Less than 50 thousand pounds.
« Previous
monthly revisions back to 1973 are available.
% Revised monthly data back to 1973 are
available.
July 1976
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated in footnotes below, data
throurrh 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
[ 1975
1976
1975
Annual
May
June
July
Aug.
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
Apr.
Mar.
May
June
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Rice:
Production (crop estimate)
mil bags 9
California mills:
Receipts domestic rough
mil Ib
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of period
mil Ib
1112 4
1
127 6
1 09^
2 346
1 705
237
196
281
241
158
113
64
61
85
63
377
121
201
119
112
155
102
87
130
48
147
144
225
84
IOC
138
102
67
68
48
40
192
212
138
116
162
118
197
8 461
5 312
136
427
Q4.K
9 4.fi9
357
240
°.H4.
411
1 548
' 512
644
411
368
428
378
382
358
407
489
378
641
515
310
450
1 788
3 801
2 150
4 711
73Q
437
429
555
268
248
606
226
1 804
2 313
2,010
1,868
1,807
1,771
1,241
306
2,343
249
2,150
164
397
340
275
299
264
384
.252
.190
.185
.195
.195
.195
.168
.168
.170
.178
.155
.155
.135
.130
.155
19 3
12 0
2.99
i 17 9
9 5
2.78
2.68
25 8
2.47
2.58
2.97
15 7
3.08
2.98
2.83
2.72
2.76
2.84
2.89
2.85
2.95
1 359
Southern States mills (Ark., La., Tenn., Tex.):
9hi
t f
'11
'11 r? f
r\
Stocks, domestic, rough and cleaned (cleaned
bflsis), end of period
mil Ib
Exports
do
Price, wholesale, No. 2, medium grain (Southwest Louisiana)
$perlb_.
Rye:
Production (crop estimate)
mil bu
Stocks (domestic) , end of period
do
Price, wholesale, No. 2 (Minneapolis).. $ per bu._
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
Distribution
mil. bu
do
do
do
1
i in7 ^
446 4
fifil 9
Exports total including
Whoat only
do
do
r\AA ft
335
446
508
571
2 326. 6
2
132. 3
2
194. 3
1 384 5
546 5
838 0
r
r
46664.7
46234.5
46430.3
935 5
341. 4
* 594. 1
1,384 5
546 5
838.0
1 891 1
762 1
1 129 0
Q1Q A.
1 158 2
1 134 5
69 3
65 3
79 8
77 2
102 2
99 7
113 5
111 2
127 2
125 5
125 3
123 6
119 2
117 8
93 6
92 3
92 6
91 6
73 3
72.4
77 6
76.4
79 5
76.8
71.9
67.8
5.24
4.74
4.60
3.96
4.41
3.45
4.25
3.40
4.66
4.01
4.88
4.31
4.99
4.36
4.81
4.29
4.57
3.92
4.32
3.79
4.34
3.81
4.57
4.08
4.58
4.01
4.38
3.74
4.53
3.76
4.57
3.85
5.53
4.84
4.96
4.39
4.69
5.08
5.01
5.10
4.64
4.29
4.35
4.51
4.49
4.21
'4.28
*4.29
20361
'371
45 718
19 631
21 156
21 705
22 681
94 129
20 113
21 034
19, 891
44 674
21,113
r 370
47,192
20, 954
47 204
21,771
385
48,845
525
1,149
1,789
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
No. 2, hd. and dk. hd. winter (Kans. City). do._I~
Weighted avg., selected markets, all grades
$perbu__
617.0
M.5
P3.28
52,040
5510
61,530
i 2, 134
1 4QQ
i 483
1 1 390 i 1 651
1 860
1 620
do
do
do
.155
4
6.0
9.5
1 1 7pg
Stocks (domestic) end of period total
On farms
Off farms
_ _
flour
Q9
Wheat flour:
Production:
Flour
thous sacks (100 Ib )
94.9 1 ^7 247 080
Offal
thous sh tons
4 AQZ
4,323
KA*) QflA
Orindings of wheat
thous bu
555 891
Stocks held by mills, end of period
thous. sacks (100 Ib.)
3 907
4 499
Exports
- _
do
in ^RT.
10 178
Prices, wholesale:
Spring, standard patent (Minneapolis)
$per lOOlb.. 11. 887
10. 552
Winter, hard, 95% patent (Kans. City) .-do
9.365
11.059
r
4.AQ
400
51 162
54 067
45 241
20532
368
46 000
753
735
588
3,907
555
423
379
10. 513
9.363
11. 238
10. 213
11.163
10. 113
10. 675
9.650
10. 150
8.988
10. 150
8.963
10. 213
9.350
10.713
9.563
10.250
9.063
10.075
8.713
344
3 085
345
3 141
385
3 319
443
3 584
357
3 116
381
3 267
369
3 403
327
3 032
415
3 492
353
3 053
304
2 980
51 82
50 21
r 35. 30 ' 32. 53
31 50
46 80
32.93
28 50
48 91
35.98
47 90
36.74
45 01
45 23
36.77 r 36. 87
30 00
41 18
36.66
38 80
36.95
36 14
38.83
43 12
43.49
40.62
42.38
fiC7
4 R97
5 917
5 070
5 rjoc
5 508
5 400
4 873
6 325
5 827
5 086
50.28
55.70
56.80
61.19
58.76
49.78
48.36
48.23
48.92
46.76
48.06
48.96
50.91
17 7
19 8
19 0
21 2
22 3
21 1
20.0
19 5
19.3
18 2
19.1
18.2
17.9
614
635
621
758
701
515
584
582
513
570
561
429
361
OQO
44 375
384
47 430
49 017
1 718
4,434
1,119
1 084
999
9.863
8.550
9.550
8.088
10. 213
8.938
QfM
270
2 851
276
2 898
36.49
44 61
33.42
3 34 38
49 48
34.87
37 00
77, 071
(•A QOfi
5
Q7C
c. fl77
4
34.75
r 48. 30
45.78
19 9
17 0
17 0
7 £.^.9
fit fi
4 140
ocn
374
352
T
4,510
367
46, 817
10. 350
8.838
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 (Natl. Stockyards, Ill.)__do
Hogs:
Slaughter (federally inspected) thous animals
Prices:
Wholesale, average, all grades (Sioux City)
$perlOOlb._
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)
$perl001b_.
n OCC
3
Qf>
4.1 ftQ
AK 1Q
QQA
44.12
44.00
45.00
48.13
49.33
47.75
51.25
60.75
63.88
Q4 9
3 164
9 Rdfi
3 Oil
3 128
2 780
3 399
3 009
77
518
70
571
668
675
82
672
85
677
93
727
114
••752
99
765
119
149
157
135
168
50.50
2 841
518
' 44. 42 50.75
46.12
45.00
ni COO
39.76
40.52
40.24
61.25
r 9 7^Q
2 704.
9 fiQ7 9 717
675
726
7Q
654
fid
578
70
1,694
11
1
135
148
41.00
MEATS
Total meats:
Production (carcass weight, leaf lard in), inspected
slaughter t
mil. lb_.
Stocks (excluding lard), cold storage, end of
period
mil. lb_.
Exports (meat and meat preparations)
do
Imports (meat and meat preparations) _ do
Reef and veal:
Production, inspected slaughter J
do
Stocks, cold storage, end of period
do
Exports
_ _
do
Imports
do-._
Pricp. wholesale, beef, fresh, steer carcasses, choice
(600-70J Ibs.) (East Coast)
$ per Ib
Lamb and mutton:
Production, inspected slaughter.
Stocks, cold storage, end of period
mil. lb._
do
803
714
1,634
ftfij.
7ft
7Q
99 1 9n
1 798
1 7°.°.
360
46
1,304
319
3
80
297
2
107
1 802
277
2
113
1 841
267
3
122
1 941
262
2
2 126
281
5
99
1 842
330
7
1 922
360
7
2 072
362
7
1 848
372
6
2 193
404
7
1 898
'411
6
1 9^
1 868
416
6
136
.691
'.754
.821
.880
.849
.801
.824
.791
.764
.757
.700
.651
.603
.693
.667
440
14
on
on
01
q-j
00
27
31
32
22
7
9
10
11
12
12
11
28
9
11
36
12
845
963
1,002
977
1,058
1,024
7Q
1 9.9
CO
-IOQ
731
i7n
415
53
1,191
Pork (including lard), production, inspected
864
941
12, 077 r 1, 001
slaughter
mil. I b _ - 14, 668
2
' Revised.
i Crop estimate for the year.
Previous year's crop; new crop not reported
4
until July (beginning of new crop year).
s Average for Jan.-June, Aug., and Nov. 5 previous year's crop; new crop not reported until June (beginning of new crop year).
July 1
2
32
30
11
9
'10
11
903
1,174
1,080
416
.656
951
estimate of 1976 crop.
6 stocks as of June 1.
9 Bags of 100 Ibs.
revisions back to 1973 are available upon request.
11
% Scattered monthly
SUEVEY OF CURRENT BUSINESS
July 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
S-29
1975
| 1975
Annual
June
May
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MEATS— Continued
Pork (excluding lard):
Production, inspected slaughter
mil. lb_Stocks cold storage, end of period _
do
Exports
do_ _Imports
do
Prices, wholesale:
Hams smoked composite
$ per Ib
Fresh loins, 8-14 Ib. average (New York) ,_do
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. l b . _
Stocks, cold storage (frozen) , end of period, total
mil. lb_
Turkeys.
do__
Price, in Georgia producing area, live broilers
$ per lb._
Eggs:
Production on farmst
mil. casesO
Stocks , cold storage, end of period:
Shell
thous casesOFrozen
mil. Ib
Price, wholesale, large (delivered; Chicago)
$ per doz.
842
284
19
23
249
207
327
885
324
13
26
2 678
.786
.882
.993
.948
.994
1.122
10,706
10, 434
831
884
456
275
314
195
316
163
345
193
12, 856
307
104
362
10,733
787
801
772
230
23
28
755
186
22
20
861
190
19
26
896
222
17
30
864
269
19
28
953
1.079
.974
1.174
1.103
1.177
1.060
1.134
967
942
978
1,067
834
392
249
470
328
542
410
600
472
406
286
859
943
249
22
27
906
236
17
36
811
222
27
23
963
248
38
28
842
22
1,049
36
27
r 9fi7
97
97ft
240
840
861
040
RQ1
00 r
1.069
1.028
.986
.980
1.057
1.106
914
857
758
912
897
910
314
195
300
187
269
Ifift
250
••236
235
.240
.250
.245
Ha
r 22
r 9Q
22
on
.609
1 109
1.016
905
•MM
1 90
.211
.269
.255
.290
.310
.305
.300
.290
.280
.250
.240
.255
.255
183.6
178.8
15.1
14.5
15 0
15.0
14.6
15.1
14.8
15 2
15 3
1 4. A.
-I C A
36
54
22
36
68
45
82
48
84
52
80
52
72
51
55
47
40
42
22
36
13
32
on
9Q
.598
.594
.513
.517
.539
.597
.633
.591
.668
.738
.709
.642
.595
.586
607
221.1
233.0
17.4
18 7
16 6
12 5
17.4
.775
21.5
.775
18.6
.685
3^.0
.760
33.9
.735
16.4
.755
28.8
.740
22.4
.883
21.4
1,636
300
173
1,546
21
26
r
f)(*
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl shells)
thous Ig tons
Coffee (green):
Inventories (roasters', importers', dealers'), end
of period
thoti^ bagsc^1
Roastings (green weight)
do
982
759
595
3 556
18 551
19,248
2 725
1,365
2,771
20, 289
3 748
i gyg
2 830
mil Ib
433
Sugar (United States):
Deliveries and supply (raw basis) :§
Production and receipts:
Production
thous sh tons
Entrie^ from off-shore total 9
do
Hawaii and Puerto Rico
do
3,556
4,626
3,851
4,743
1,587
1,299
1,868
2,533
391
543
202
183
168
245
§66
316
251
241
356
305
296
307
307
314
335
351
4,620
6,895
1,150
5,153
195
107
92
119
164
789
1,138
do
do
do
11, 273
11, 237
2,800
10, 133
9,980
2,712
961
932
1,415
2,088
2,712
980
970
1,032
936
930
958
778
774
1,946
1,205
1,174
1 275
1,005
2,299
3,171
3,201
2,933
sh. tons_-
62, 734
205, 989
17, 648
27, 288
48, 067
17, 501
27, 250
20, 814
9,707
8,789
5,972
7,860
. thous. sh. tons_. 3 5, 774
1,414
do
do
(4)
3,690
223
450
0
3
403
o
1
289
28
1
596
75
9
432
118
33
201
21
61
225
2
24
220
0
4
287
28
32
Deliveries, total 9
For domestic consumption
Stocks raw and ref end of period
. .-
Prices (New York):
Raw wholesale
$perlb
Rennet:
Retail (incl. N.E New Jersey).- $ per 5 Ib
Wholesale (excl. excise tax)
-$per lb._
thous. Ib
702
(5)
(5)
415
148
244
870
852
o
3
473
418
996
1,784
123
916
909
141
767
759
935
3,604
5,650
1,626
Fish:
Stocks cold storagOf end of period J
Tea, imports
780
1,736
Imports, total
__ _
do.. .
From Brazil
do
Price wholesale Santos No 4 (N Y ) $ per Ib
Confectionery manufacturers' sales
mil $
Exports, raw and refined
730
2 372
4*469
3 003
18, 569
Imports:
Raw sugar, total 9
From the Philippines
Refined sugar, total
625
1,664
1,744
2,311
259
270
'277
238
159
935
195
356
'333
309
308
294
295
1,263
862
481
321
249
195
883
875
294
769
760
146
176
183
'881
?893
2, 778
v 2, 540
6,797
3,628
2,610
253
30
5
382
24
47
288
93
32
r
875
893
.289
229
.195
148
194
225
.175
.152
.155
.156
.154
.150
.164
.156
167
1.680
.320
1.986
.311
2.061
.319
1.650
.259
1.470
.268
1.726
.283
1.611
.232
1.574
.205
1.419
.207
1.383
.194
1.347
.209
1.352
.203
1.317
.221
1.336
.210
1.325
.222
3178,326
159, 287
14, 694
12, 170
9,915
11, 276
12, 404
17, 594
13, 940
11,843
11, 842
12, 309
15,779
15, 805
13, 053
3, 702. 8
134. 1
3, 712. 6
124 7
288.9
112.9
268.9
113.7
285.1
103 0
299.6
88.7
331.2
93.0
402.8
100.2
337.1
105.6
332.3
124.7
331.2
114.5
307.6
119.7
349.2
110.4
' 327. 6
' 123. 5
312.4
128 1
4, 110. 6
96.5
3, 964. 3
90.8
316,5
95.1
326.3
76.9
345.4
79.4
344.2
71.8
330.4
73.3
368.7
89.1
326.2
104.5
324.5
90.8
341.9
87.0
328.7
104.4
392. 2
99.8
' 356. 7
T
114. 5
380 4
116.9
2, 397. 7
64.3
2 399 3
60. 1
183.0
64.4
180.6
63.6
173.7
66.6
178.7
52.6
216.6
58.6
212.8
60.2
219.7
64.8
241.6
60.1
265.1
66.9
259.6
82.1
225.8 ' 198. 8
101.1 '70.2
191 8
70.2
.512
.525
.502
.494
.486
.486
.503
.490
.490
.490
.448
.436
.431
.431
.431
575.8
665.0
33.4
512.9
649.7
37 8
40.8
55.9
23.7
35.3
44.3
22.2
33.8
46.1
22 1
34.6
44.8
24.2
36.2
49.6
23.9
42.1
57.2
24.5
37.7
43.2
33.4
42.6
45.3
37.8
43.1
49.6
38.1
41.6
50.3
43.0
51.3
56.0
44.6
'44.3
'50.1
'45.8
41.9
50.3
40 2
5,526.6
3. 029. 2
380.3
4, 651. 5
2, 908. 4
276.6
371.5
237.4
288.5
358. 3
239.6
242.5
354.5
230.7
256.2
347.2
236.2
257.4
363.9
250.7
308.0
397.3
277.1
283.2
350.5
228.3
288.1
420.6
249.4
276.6
442.5
259.4
275.1
410.2
257.2
282.2
?992
.197
FATS, OILS, AND RELATED PRODUCTS
Baking or frying fats (incl. shortening):
Production J
_
mil lb_
Stocks, end of period®
do
Salad or cooking oils:
Production^
do
Stocks, e n d o f period© _ _ _ _ _ _
_
do._
Margarine:
Production
do
Stocks, end of period©
_ do
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)
_ _ -_$ per Ib
Animal and fish fats:
Tallow, edible:
Production (Quantities rendered)
mil Ib
Consumption in end products
do
Stocks end of period f
do
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do .
Consumption in end products!
do
Stocks, end of neriodf
do___
' Revised.
» Preliminary.
1 Average for Jan. and Feb. 4 2 Average for 7 mos.
(June-Dec.).
3 Reflects revisions not available by months.
Less than 500 sh. tons.
6
Series discontinued.
O Cases of 30 dozen. tfBags of 132.276 Ib.
§Monthly data reflect cumulative revisions
455.5 ' 439. 8
280.1 ' 271. 0
306.6 ' 324. 0
.431
492.6
308.6
330.6
for prior periods.
9 Includes data not shown separately: see also note "§".
©Producers' and warehouse stocks.
1 Factory and warehouse stocks.
J Monthly revisions
for 1974 are available.
S-30
July 1976
SURVEY OF CURRENT BUSINESS
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1975
Annual
1976
1975
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Apr.
Mar.
Feb.
May
June
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS. OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products:
Coconut oil:
Production, refined.
Consumption in end products
Stocks, refined, end of period^
Imports
mil lb
do
do
do
540
726
26
542
1
0
6
3
716 1
865 3
26 7
869 1
56
67
27
90
1
7
6
8
60
71
26
27
0
8
9
6
59
61
29
38
3
8
4
2
61
75
28
64
4
2
0
6
66 1
81 1
28 6
76 3
do
do
do
do
518
500
473
52
3
7
0
6
458 8
502 6
475 5
39 5
40 6
38 0
34 8
38
41
37
90
9
0
9
3
40
38
38
87
5
7
0
5
35
39
39
65
2
5
5
3
40
46
42
52
Cottonseed oil:
Production* Crude
do
Refined
do
Consumption in end products
do
Stocks crude and ref end of period If
do
Exports (crude find refined)
do
Price, wholesale ( N . Y . ) _ _ _
.. $ per lb
1 5P 7
1 262 7
832.4
177 4
606 1
.410
1 215 0
1 112 6
660 7
160 3
656 5
.322
105 8
102 4
66 7
Soybean cake and meal:
Production
thous sh tons
Stocks (at oil mills) end of period
do
18 543 2
496 7
16 992 2
341 7
Soybean oil:
Production: Crude
mil lb
Refined
do
Consumption in end products
do
Stocks crude and ref end of period If do
Exports (crude ancl refined)
do
Price, wholesale (refined; N.Y.)
$ per lb
8 704 9
6 811 5
7 039 0
673 6
1 606.7
.366
7 g61 7
6 422 5
6 830 3
799 9
758 0
.286
Corn oil:
Production* Crude
Refined
Consumption in end products
Stocks crude and ref end of period If
TOBACCO
Leaf:
Production (crop estimate)
mil Ih
Stocks, dealers' and manufacturers', end of period
mil lb
Exports, incl scrap and stems
thous lb
Imports incl scrap and stems
do
i i 990
4 738
563 005
320 318
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) , taxable
Exports, cigarettes
59
576
5
46
62
588
4
49
m
(•
i
92 6
.265
84 1
93 0
53 8
164 0
17 8
.265
72 3
74 0
56 8
146 2
69 7
.348
76 1
68 0
49 6
126 5
43 7
.378
56 1
73 1
46 7
136 1
28 9
.343
0
8
3
6
68
78
35
178
4
5
1
5
68
76
26
80
2
8
7
4
70.9
80 3
36 6
100.7
63.7
78 4
39.0
142.9
79.6
88 1
34.2
64.5
'73.9
r
83.3
32.0
93.2
76.1
83.9
39.7
95.1
39
51
47
48
8
1
8
4
40
46
41
43
3
4
0
2
35
44
40
39
4
5
7
5
43 1
44 7
44.0
46 5
39 3
43 9
39.1
51 3
41.4
41.1
39.3
55 2
'41.7
40.6
39.0
r
64 8
48.4
48.5
42.9
81 0
103 2
97 1
53 6
160 3
36 7
.278
118 1
99.6
45.0
T 179 7
76 2
.298
111 2
89.6
48.3
100.2
91.6
52.1
•-78.0
r 192 1
r 217 1
49.3
.318
51.8
.323
68.6
70.9
43.4
204.4
65.6
. 263
76 3
53 6
51 0
125 5
21 3
.323
101 0
75 5
50 0
153 1
46 7
.293
'76.2
r
r
48.3
198 1
42.8
.298
.273
1 197 1 1 209 3 1 355 1 1 475 6 1 289 9 1 645 2 1 642 1 1 7^2 8 1 689 8 1 562 8 1, 758. 9 '1,769.4 1, 842. 1
421.5
330.7 r 334. 3
407 3
351.5
318 8
354 7
388 3
341 7
383 8
359 4
368 3
410 8
852.4 «• 846. 1
882.0
r
624.2
646 5 r606 6
625.4
623. 4
687 3
1, 108. 2
946 1 '1, 060.9
55.5
160.9
89.6
.219
.213
.224
72 9
.248
557 8
489 6
531 3
530 6
55 7
.243
623 9
509 3
555 3
544 3
65 3
.304
674 5
550 9
562 8
567 1
13 1
.340
599.8
538 3
604 8
560 6
13.5
.285
783 9
666 9
672 0
568 0
43.8
.266
776 7
617 3
609 2
657 7
78.9
.243
846 7
604 6
624 4
799 9
40.4
.226
807.4
611 9
658 0
844 8
32.6
.222
757.6
558 7
617 6
913 2
120.2
.220
44 172
27 805
3 944
32 073
28 C66
23 202
26 390
39 452
25 082
4,312
44 862
25 229
52 676
21 888
73 908
28 403
4,738
62 858
18 168
93 233
28 373
51 972
32 314
4,568
47, 077
27, 338
43, 316
22 634
29, 694
33, 263
4 464
49 171
4 803
49 477
5 667
46 301
5 239
50 378
5 632
52 750
6 383
58 923
6 297
51, 025
6,402
58, 806
5,865
49, 615
5,302
50, 352
389
448
5 293 5 424
48 Oil 42 678
6 009
51,921
371
3 623
3 357
4 170
5,294
4,104
5,371
557 6
ARi-t Q
coy A
fiOfi 7
.228
i 2 184
4 461
651 415
299 946
OC
3
4
6
4
77
87
36
101
millions
do
do
do
272
173
009
901
279
345
475
895
397
417
347
319
363
288
337
342
348
286
4,165
4 559
3,906
6,350
4,910
5,088
5,212
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous $
Calf and kip skins
thous skins
Cattle hides
thous hides
Imports:
Value, total 9 .
Sheep and lamb skins
Goat and kid skins
Prices, wholesale, f.o.b. shipping point:
Calfskins, packer, heavy , 9H/1/5 lb
Hides, steer, heavy, native, over fi3 lb
$ per lb
do
LEATHER
Production:
Calf and whole kip
thous skins
Cattle hide and side kip
thous. hides and kips
Goat and kid
thous skins
Sheep and lamb
do
Exports:
Upper and lining leather
thous sq ft
Prices, wholesale, f.o.b. tannery:
Sole, bends, light
_ __. index, 1967— 100
Upper, chrome calf, B and C grades
index 1967—100
LEATHER
296, 279
2,403
21, 269
24, 553
230
1,834
23,361
115
1,719
22, 532
166
1,551
22, 965
159
1,548
25, 782
193
1,714
24, 921
284
1,678
28, 968
197
1,965
28, 115
209
1,753
34, 804
195
2,172
28, 296
151
1,658
42,391
247
2,407
45,309
262
2,386
51,518
212
2,075
77, 500
15, 732
583
78,100
15, 520
879
5,100
1,162
46
6,300
1,024
56
7,900
1,668
60
6,200
1,096
72
7,000
1,372
106
7,900
1,311
54
9,000
1,145
32
6,500
849
123
6,000
929
116
6,000
959
137
11,700
2,973
201
8,600
2,216
125
1,289
69
.644
.231
3.350
.234
.500
.253
.258
.350
.253
.350
.253
.350
.258
.350
.280
.350
.308
.450
.263
.550
.315
.550
.298
.300
.800
.349
.800
.390
148, 565 2 184,104
16, 735
18, 473
13,341
16, 979
14, 714
17, 131
16, 737
12, 909
14, 517
17,367
18, 157
19, 449
21, 149
< 151. 1
146.7
146.7
146.7
163.9
166.8
182.6
182.6
182.6
182.6
189.8
194.1
207.1
433, 631
33,745
35, 786
34, 130
38, 322
39, 908
45, 446
36,715
37,395
41, 291
40, 136
46,786
43, 349
350, 281
68, 526
11,357
3,467
26,196
6,330
974
245
28, 581
6,090
870
245
28, 829
4,338
713
250
30,485
6,446
1,053
338
32,047
6,447
982
432
35, 859
8,059
1,191
337
29,447
6,017
981
270
32,332
3,882
945
236
34, 998
5,005
1,055
233
33, 346 - 38,699
5,386 ' 6, 356
1,154 ' 1, 343
'388
••250
35,493
6,009
1,525
322
3, 993
thous $
thous pieces
do
339, 062
2,163
18, 428
2 4, 332
442
406
373
363
349
450
375
369
369
451
587
640
155.1
165.0
164.6
164.6
164.6
164.6
168.1
168.1
168.1
168.1
170.5
173.6
175.9
177.1
177.1
179.4
150.5
150.5
154.3
154.3
154.3
154.3
135.9
156.8
135.9
156.8
135.9
160.0
135.9
161.3
138.8
161.3
138.8
163.0
138.8
16, 824
13, 889
158.8
Exports
do
Prices, wholesale f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
index, 1967=100
Women's oxfords, elk side upper, Goodvear
welt
index, 1967=100..
Women's pumps, low-medium quality
do
r
Revised.
i Crop estimate for the year.
uted to the monthly data.
De<f
°
'~
199.9
MANUFACTURES
Shoes and slippers:
Production, total..
thous pairs
452,955
Shoes, sandals, and play shoes, except athletic
thous. pairs. . 355,147
Slippers
do
85, 502
Athletic -._
do
9,890
Other footwear
do
2,416
Vemge f r Jan
.800
.348
May an
144.0
127.8
151.8
8 133. 5
150.5
150.5
2 Annual total reflects revisions not distrib4
Jan-June and Aug.-Dec.
* Jan., Feb., and
9 Includes data for items not shown separately.
r
521
H Factory and warehouse stocks.
SURVEY OF CURRENT BUSINESS
July 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
S-31
1975
May
June
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
176. 06
171. 45
LUMBER AND PRODUCTS
LUMBER—ALL TYPES 9
National Forest Products Association:
Production total
mil bd ft
Hardwoods
do
Softwoods
do
Shipments, total
Hardwoods
Softwoods
_do
do
do
i 34,463 '131,869
6,904
' 5, 524
27, 559
26, 345
2,849
435
2,414
2,814
492
2,322
2,797
471
2,326
2,914
511
2,403
2,986
489
2,497
3,147
511
2 636
2,530
493
2,032
2,500
446
2,054
2,821
451
2,370
2,804
513
2,291
3,144
512
2,632
3,209
544
2,665
1 33,811 '•132,116
'5,461
6,583
27, 228 r 26, 655
2,820
456
2,364
2,739
459
2,280
2,820
444
2,376
2,851
505
2,346
3,061
510
2,551
3,097
516
2,581
2,689
514
2,175
2,647
433
2,214
2,762
463
2,299
2,790
521
2,269
3,107
521
2,586
3,155
556
2,599
do
do
do
5,109
780
4,329
r 4, 862
843
r
4, 019
5,052
806
4,246
5,124
836
4,288
5,101
863
4,238
5,165
870
4 295
5,090
849
4 241
5,140
844
4 296
4,982
829
4,153
4,835
843
3,992
4,894
831
4,063
4,926
823
4 103
4,963
814
4 149
5,016
801
4,215
do
do
1,668
7,249
1 643
5,968
113
589
125
671
155
677
151
431
142
422
126
388
131
415
131
552
132
477
147
527
139
627
161
701
mil. bd ft
__do ._
7,367
316
7,651
550
598
462
674
509
682
581
551
532
724
549
693
551
642
592
559
550
721
601
660
638
761
654
760
653
_.do
do
do
7,777
7,730
982
7,338
7,417
903
684
703
977
654
627
1,004
590
610
984
619
600
1,003
715
707
1,011
688
691
1,008
548
601
955
549
601
903
711
670
944
666
623
987
756
745
998
756
761
993
do
do
do
598
158
440
505
125
398
32
8
24
38
11
27
53
11
43
55
15
40
44
13
31
35
9
26
46
10
36
50
11
39
48
20
28
41
8
33
38
8
30
63
29
34
158. 84
158. 88
169. 67
161. 54
165. 47
169. 76
166. 79
160.09
157. 56
166. 40
175. 43
178. 29
184.90
180. 05
i 6, 699
344
i 7, 074
453
533
403
569
401
627
391
647
408
583
381
709
378
638
405
620
453
593
453
623
478
590
459
615
460
i 6, 921
i 6, 760
i 6, 790
i 6, 965
606
557
586
571
615
637
609
630
599
610
700
712
584
611
538
572
636
593
583
598
623
609
634
614
Stocks (gross) , mill, end of period, total
Hardwoods
Softwoods
Exports total sawmill products
Imports total sawmill products
SOFTWOODS
Douglas fir:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross) , mill, end of period
Exports, total sawmill products
Sawed timber
Boards, planks scantlings etc
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R L.
$pcr M bd. ft.
Southern pine:
Orders new
Orders unfilled, end of period
mil bd ft
do
Production
Shipments
do
do
Stocks (gross) , mill and concentration yards, end
of period
mil bd ft
Exports, total sawmill products
M bd ft
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", K. L.
1967=100..
Flooring, C and better, F. G., 1" x 4", S. L.
1967=100..
Western pine:
Orders new
Orders, unfilled, end of period
mil bd ft
do
1 309
1 134
1 246
1 261
1 239
1 218
1 207
1 195
1 168
1 134
1 177
1 169
1 176
1 196
76, 276
67, 502
5,244
5,175
6,414
3 930
7,595
4,699
7,445
9 591
8 576
11 346
14 241
10, 774
174.7
174.5
170.8
171.5
171.4
176.5
182.0
190.5
198.6
217.7
217.7
219.7
222.4
225.2
220.9
222.0
223.0
227.4
228.5
231.8
231.8
231.8
231.8
165. 91
188.4
166.6
174.0
229.2
226.9
231.8
230.7
225.2
225.2
8 788
392
8 867
538
720
470
748
484
869
546
740
513
936
560
838
542
725
559
743
538
751
584
725
578
830
530
851
522
Production
Shipments
do
do
8,973
8,952
8,599
8,721
794
773
735
734
805
807
823
773
852
889
895
856
654
708
706
764
695
705
715
731
886
878
920
859
Stocks (gross) , mill, end of period
do
1,344
1,222
1 283
1,284
1 282
1 332
1,295
1,334
1 280
1 222
1 212
1 196
1 204
1 265
151. 38
131. 97
173. 62
170. 71
145 95
141. 17
131. 78
128. 87
127. 30
154. 01
177. 50
198. 52
209. 92
189. 73
108.3
2.5
123.9
104.2
4.5
93.8
80
38
76
32
86
29
93
2 6
80
30
94
3.3
8.3
4.4
88
4 5
12 6
6 7
8 4
54
82
46
98
5.2
9.4
5.7
108.5
19.2
98.8
12.5
8.5
8.3
15 7
8.0
8.1
14 9
9.2
8 2
15 9
8.4
9.0
15 4
7.9
7.4
15 8
8.5
8.7
15.7
6.2
7.2
14.7
7.0
8.3
12 5
8.0
10.4
10 2
8.4
9.2
9 6
9.5
8.2
11 0
8.7
8.6
11.2
7.9
9.0
9.8
Price, wholesale, Ponderosa, boards, No. 3. 1" x
12", R. L. (6' and over)
$ per M bd. ft
HARDWOOD FLOORING
Oak:
Orders new
Orders unfilled end of period
mil bd ft
do
Production
Shipments
Stocks (gross) , mill end of period
do
do
do
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous sh tons
Scrap
do
Pig iron
_
do
Imports:
Steel mill products
Scrap
Pig Iron .
do
do
do
5 833
8 696
101
2 953
9 608
60
1 065
6
256
1,005
4
264
843
2
271
809
2
202
771
3
228
657
4
185
757
4
182
646
3
150
676
6
177
654
4
212
600
4
229
743
6
265
836
5
15 970
246
355
12 012
373
494
856
27
47
927
55
9
805
53
31
748
28
27
697
34
29
818
32
53
903
21
51
1 153
37
33
1 007
77
44
966
26
44
1 034
33
31
948
52
18
1,071
35
25
000
219
879
920
3 664
3,008
6 324
8,279
3 411
2 443
5 748
8 403
3 581
2 421
6 135
8 243
3 792
3 017
6 703
8 415
3 912
3 292
6 815
8*791
3 388
2*808
6 212
8 792
3 505
2^725
6 133
8 860
3 758
2 836
6 836
8 489
3 818
3,205
6 904
8,581
9gg
Iron and Steel Scrap*!
Production
Receipts, net
Consumption
Stocks, end of period
thous sh tons
do
do
do
i 55 250 i 45 942
1
51 335 1 36, 728
1105 483 i 82 177
1
8,860
8 408
4
3
6
7
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig. ton
70.83
82.35
68.61
106. 22
56.04
Pittsburgh district
do
72.50
82.50
69.00
Sfi 50
104. 20
r
Revised.
* Preliminary.
» Annual data; monthly revisions are not available.
9 Totals include data for types of lumber not shown separately.
r
4 418
r
3, 951
r
8 131
r
P4437
p 3,870
P 8,109
P 8,977
8, 828
80.98
59.12
87.75 80.42
60.42
65.14
64.89 74.34
63.54
72.09
83.50
65.50 77.50
63.00
61.50
64.00
74.50 80.50
86.00 93.00
<[ Effective with 1974 annual and Jan. 1975 monthly figures, data reflect expanded
and exclusion of direct-reduced (prereduced) iron, previously included in scrap
78.50
82.00
sample
series.
July 1976
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
Annual
1976
1975
1975
1974
May
June
July
Aug.
Sept.
Oct.
Dec.
Nov.
Jan.
Feb.
Mar.
Apr.
May
June
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Ore
Iron ore (operations In all U.S. districts):
Mine production
thous Ig tons
Shipments from mines
do
Imports
do
184,355
i 85, 112
48, 029
' 79, 816
' 76, 161
46, 742
8,005
8,454
4,027
8,023
9,455
4,738
7,682
9,070
4,692
8,013
9,116
3,472
7,471
7,645
4,534
6,160
6,850
4,226
5,765
5,796
3,062
5,801
5,277
4,039
5,413
2,578
2,703
5,459
1,812
1,645
5,812
2,245
2,022
6,118
5,579
2,443
4,084
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at Iron and steel plants
do
Exports
do
128, 306
129, 077
2,323
112, 718
106, 230
2,538
12, 989
9,182
297
12, 583
8,531
232
12, 495
7,825
232
11, 342
7,949
192
10,118
8,419
300
9,423
8,279
395
8,571
7,958
333
8,375
8,326
203
3,916
8,849
1
4,111
8,923
2
4,690
10,063
21
7,765
9,926
200
12, 696
10, 753
425
i 57, 924
i 9, 405
45, 247
3,272
68, 113
11, 268
52, 231
4,614
55, 750
17, 014
36, 450
2,286
57, 594
14, 299
40, 527
2,768
61, 166
12, 916
45, 197
3,053
63, 855
11,723
48, 676
3,456
66, 095
11, 549
50, 376
4,170
66, 600
10, 859
51, 521
4,220
67, 265
10, 786
52, 133
4,346
68, 113
11, 268
52, 231
4,614
66, 855
14, 696
47, 298
4,861
65, 351
18, 418
42,485
4,448
63, 076
21,984
37, 181
3,911
61,400
22, 724
35,085
3,591
37, 296
3,459
851
1,033
116
84
77
88
51
112
43
98
101
39
83
68
53
79, 923
79, 654
1,427
6,990
6,915
886
6,239
6,236
944
5,968
5,884
1,059
6.031
6,049
1,120
6,245
6,286
1,300
6,292
6,298
1,333
5,981
5,958
1,387
6,234
6,210
1,427
6, 636
6,664
1,438
6,754
6,812
1,452
7,601
7,519
'7,573 P 7, 672
' 1, 430 "1,370
8,116
7,874
122. 61
181. 76
182. 38
182. 38
182.38
182. 38
182. 38
182.38
182. 38
182. 38
182. 38
182. 38
182. 38
182. 38
182. 38
182. 25
1,416
15, 661
8,664
994
12,445
6,435
1,137
1,048
535
1,094
1,019
512
1,105
858
459
1,096
972
526
1,006
1,106
577
969
1,202
614
902
1,003
496
994
934
463
960
1,060
507
907
1,122
534
'886
'1,313
'659
855
1,257
606
865
1,246
616
133
912
553
64
730
430
87
62
36
81
61
35
80
50
29
81
57
36
72
66
39
72
73
44
69
59
35
64
59
35
66
65
38
71
67
37
'69
'84
'48
68
79
47
74
75
44
9,864
8,744
8,370
8,648
9,295
9,214
8,709
8,846
9,835
74.4
9,907
80.1
11, 294
85.4
11,439
88.4
12,136
90.8
1,133
174
138
1,081
165
132
1,034
132
106
957
126
103
881
161
128
831
176
143
786
145
119
748
142
122
691
158
133
645
155
131
'607
176
147
574
155
129
565
154
129
79, 957
6,394
6,178
5,757
6,327
7,632
6,377
5,703
6,071
7,246
6,840
8,259
7,780
8,215
3,910
5,121
8,761
1,965
319
446
859
184
292
381
705
172
279
343
643
171
291
380
618
146
351
412
685
157
324
325
589
152
284
297
516
146
296
319
559
152
317
307
552
160
360
319
550
156
417
389
652
176
395
343
604
178
437
375
634
163
i 18, 514
11,061
i 5, 089
2,251
13, 367
8,146
3,666
1,486
1,089
648
310
126
990
579
293
113
944
532
310
98
1,034
610
320
99
1,231
776
331
119
1,038
585
342
104
926
549
285
87
912
553
264
89
1,074
675
282
111
1,135
721
294
114
1,321
834
334
146
1,261
753
370
133
1,346
808
386
146
9,844
3,171
7, 528
i 44, 991
15, 774
18, 275
8,229
2,153
5,687
30, 763
11, 222
12, 841
740
171
364
2,221
835
948
676
179
465
2,318
846
989
612
148
489
2,128
750
914
624
170
453
2,611
907
1,148
622
192
452
3,532
1,209
1,572
627
203
443
2,677
928
1,148
542
170
388
2,435
819
1,083
530
151
528
2,624
927
1,126
546
182
868
3, 240
1,074
1,471
546
188
450
3,136
1,070
1,410
609
241
540
3,916
1,372
1,714
576
233
521
3,669
1,299
1,595
557
220
532
3,950
1,423
1,699
23, 179
12, 270
6,249
18, 928
3,417
6,440
8,218
30, 771
15, 622
8,767
3,927
15, 214
3,152
5,173
6,053
22, 048
34.4
33.9
Stocks, total, end of period
At mines
At furnace yards
At U.S docks
do
do
do
do
Manganese (mn. con tent), general Imports
do. . _ .
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons.. 1 95, 909
Consumption
do
i 96, 792
Stocks, end of period
do
1763
Price, basic furnace
$ per sh. ton--
Castings, gray and ductile iron:
Orders, unfilled, for sale, end of period
thous. sh. tons..
Shlpments, total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh.tons...
Shipments, total
do
For sale
do
1
Steel, Raw and Semifinished
Steel (raw):
Production
_. thous. sh. tons. i 145,720 1 116,642
Rate of capability utilization*
percent. _
176.2
Steel castings:
Orders, unfilled, for sale, end of period
thous. sh. tons..
1,527
748
Shlpments, total
do
2,091
1,927
For sale, total _
do
1,739
1,575
11,605
89.7
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous. sh. tons.. i 109,472
By product:
Semifinished products
do
5,509
Structural shapes (heavy), steel piling.. _.do
7,210
Plates
_ _ _
do
10, 919
Rails and accessories
do
1,785
Bars and tool steel, total
Bars: Hot rolled (incl. light shapes)
Reinforcing-. _ _ _ _ _ _ _ _ _
Cold
finished
Pipe and tubing
Wire and wire products
Tin mill products
_ _
Sheets and strip (incl. electrical), total
Sheets: Hot rolled
Cold rolled..
do
do
_ do
do
do
do_.
do
do
do
do
By market (quarterly shipments):
Service centers and distributors..
do
Construction, incl. maintenance
do
Contractors' products
do
Automotive
do
Rail transportation
do
Machinery, industrial equip., tools
do
Containers, packaging, ship, materials... do
Other
do
Steel mill shapes and forms, inventories, end of
period—total for the specified Fee-tors:
mil. sh. tons..
Producing mills, inventory, end of period:
Steel in process
mil. sh. tons._
Finished steel
do
Service^ centers (warehouses), inventory, end of
period
mil. sh. tons..
Consumors (manufacturers only):
Inventory, end of period
do..
Receipts during period.
do
Consumption during period
do_.
7.7
5.6
10.0
6.7
37.3
10.2
6.4
37.0
10.6
6.3
37.0
10.8
6.4
10.8
6.1
34.8
9.9
5.8
33.8
9.7
6.1
33.8
10.1
6.3
33.9
10.0
6.7
2 1, 296 2 1, 343
2 610
2663
2392
2430
2 1, 829 2 2, 036
2248
2236
2428
2438
2572
2596
2 2, 404 2 2, 473
33.5
33.8
33.5
33.7
10.0
6.4
10.2
6.7
10.1
6.5
10.4
6.8
7.4
6.7
8.0
7.7
7.8
7.6
7.1
6.7
6.6
6.7
6.5
6.5
6.5
13.7
81.5
79.0
10 5
58.9
62.1
12.7
4.5
5.1
12.4
4.9
5.2
12.0
4.3
4.7
11.7
4.7
5.0
12.0
5.8
5.5
11.3
5.0
5.7
10.8
4.2
4.7
10.5
4.3
4.6
10.6
5.1
5.0
10.4
5.1
5.3
10.4
6.0
6.0
' Revised. 2 *> Preliminary.
i Annual data; monthly or quarterly revisions are not
available.
For month shown.
*New series. Source: American Iron and Steel Institute. The production rate of ca-
36.2
3,569
1,706
1,066
5,450
728
1,283
1,974
6,447
3,615
1,721
870
3,692
718
1,089
1,436
5,014
3,440
2,091
1,003
4,686
686
1,083
1,490
5,193
3,711
2,375
914
3 776
'778
1,345
1,313
5,315
11.9
6.9
6.5
' 10. 0
5.3
'5.7
10.0
5.5
5.5
pability utilization is based on tonnage capability to produce raw steel for a full order book
based on the current availability of raw materials, fuels and supplies, and of the industry s
coke, iron, steelmaking, rolling and finishing facilities. Earlier data are not available.
SURVEY OF CURRENT BUSINESS
July 1976
1975
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
S-33
1976
1975
May
Annual
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
METALS AND MANUFACTURES—Continued
NONPERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous, sh. tons
Recovery from scrap (aluminum content) do
3,879
1,098
327
86
302
92
310
80
309
91
300
99
311
104
310
88
319
90
322
98
do
do
Imports (general):
Metal and allovs, crude _ _
Plr.tes, sheets, bars, etc
Exports:
Metal and allovs, crude
„
Plates, sheets, bars, etc
4,903
1, 190
509.0
45.3
457.9
61.0
25.5
4.1
34.9
3.6
26.7
6.4
43.5
5.0
56.4
60
37.8
58
45 3
74
46 3
7 4
36 1
89
do
do
207.8
234.9
185.8
185.4
13.4
15.2
8.6
13.7
4.8
14.2
20.9
13.6
13.7
17.5
25 2
15 6
36 8
13 0
44 9
18 0
$ per Ib
.3406
.3979
.3900
.3900
.3900
.4042
.4100
4100
4100
4100
832. 4
608.7
332 7
109.2
825.4 *• 866. 6
646.5
665.9
369.7 393 4
93.3
111.6
.
Price, primary ingot, 99.5% minimum
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.)
Mill products, total
Sheet and plate
Castings
mil. Ib
do
do
do
Inventories, total (ingot, mill products, and
scrap) end ol period
mil Ib
Copper:
Production:
Mine recoverable copper
thous sh tons
Refinery, primary
do
From domestic ores
do
Fro in foreign ores
do
Secondary recovered as refined
do
1
' 13, 639
10, 461
5,626
1,760
do
do
Stocks, end of period:
Producers', ore, base bullion, and In process
(lead content), ABMS
thous sh tons
Refiners' (primary), refined and antimonial
(lead content)
thous sh tons
Consumers' (lead content)^
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. sh. tons
Price, common grade, delivered
$ per Ib
Tin:
Imports (for consumption) :
Ore (tin content)
Metalf unwronght» unalloyed
Recovery from scrap, total (tin cont )
As metal _ _
Consumption, total
Primary _ _
Ig tons
do
do
do
do
do
Exports, incl. reexports (metal)
Stocks, pig (industrial), end of period
Price, pig, Straits (N.Y.), prompt*
do
do
$ per Ib
Zinc:
Mine prod., recoverable zinc
Imports (general) :
Ores (zinc content)
Metal (slab, blocks)
747. 9
575.1
308 3
109.4
r
r
899. 9
692.3
385 4
123 5
0
8
i
7
50.7
90
71.7
6.8
68.8
6.6
31 3
14 7
47
6
4
16
25 8
15.5
14.6
17.2
7.2
16.5
4190
4100
.4100
.4148
.4400
l
946 4 rr 138 6 1 082.3
838.8
830. 6
688 6
384 7 r 454 3 466.0
151.8
160 1 r 164 8
158.3
r
921
r
4 r 824 6 r 968 4 r Q07 7
674. 5 r586 1 667 6 r 723 0
312 6
361 0
384 4
410 5
139 6
116 0
122 °
148 1
6,092
6,086
6,070
6,013
6 014
5 962
6 007
5 999 r 5 971
5 997
233. 8
482.0
1,411.0
443. 4
1 299. 0
144.4
330 0
126.7
127.3
115 1
12.2
24 0
111 3
120 2
108 5
11 6
25 0
95 3
105.9
96 6
9 3
23 0
114.3
111.0
96 6
14 4
28 0
118 5
104.3
94 7
96
32 0
128 4
116 4
108 4
80
29 0
111 5
106 4
96 9
95
28 0
116 0
118 7
107 0
11 7
30 0
120 5
114 3
105 8
85
31 0
607.7
313.6
330.0
146.8
16 2
2.8
35 8
13 1
15 2
29
26 8
8.4
38 1
21 0
42 4
25 3
31 9
19 1
33 5
21 4
309.9
126.5
333.1
172.4
35.1
21.3
26 0
13.5
19 3
9.8
20 1
6.7
20 4
11 5
20 0
12 5
17 5
9 0
2,160
374
179
1,455
451
90
126
509
174
128
511
173
100
530
180
138
513
171
149
482
170
162
480
165
.7727
.6416
.6378
.6314
.6248
.6379
.6379
.6379
2,813
2,647
667
2,025
2,056
512
1
663. 9
1
697. 1
620.7
608.0
53.2
51.6
50 7
45.6
37.7
46.0
48.0
47.4
50 6
55.6
56 3
59 8
48.9
61.0
52 8
53 8
50 4
52 0
52 0
55 1
213.6
i 1,599.4
188.6
1, 230. 8
7.7
97.2
16.0
90.7
10.0
86.2
12.9
108.6
10 6
114.7
20 1
123.6
20.6
108.9
21 8
108 5
21 9
109 3
187.1
191.4
188.6
196 3
194.7
190.7
195.1
193 6
188.7
191 4
37.3
i 166. 6
81.3
120.3
102.9
122.5
109 3
115.5
110.0
115.9
99.3
116.1
85.6
114.1
76 8
121 1
82.8
117.9
81 2
120 3
85.3
.2253
87.8
.2153
77.9
.2334
77 4
.1900
80.8
.1900
84.4
.1956
79.5
.2000
88 5
.2000
83.8
.2000
5,877
6,314
39, 602
43, 664
18,897 i 12, 165
i 1, 989 i 1, 855
i 64, 742 54, 400
151,611 42, 000
522
2,342
1,040
205
4,325
3,275
0
3,361
1 005
210
4 240
3,130
848
1,725
820
155
3,750
2,970
183
2,300
1 050
175
4,230
3,050
508
3,272
1 095
105
4 450
3,250
98?
3 679
1 180
175
4 680
3 525
3 719
920
120
4 340
3,365
o
67
341
9,019
10 874
3.4248 3. 3332
153
8,989
3. 3185
48
9,103
3. 2277
320
9 727
3. 2195
17
8,700
3. 2403
1,597.0
1
1, 654. 7
1
1, 420. 9
1
Consumption refined (by mills etc )
do
Stocks, refined, end of period
do
Fabricators'
do
Price, electrolytic (wirebars), dom., delivered
$ per lb._
Copper-base mill and foundry products, shipments
(quarterly total) :
Brass mill products
mil Ib
Copper wire mill products (copper cont ) do
Brass and bronze foundry products
do
Imports (general), ore (lead cont.) metal
Consumption, total -
r
325
118
5,999
5,156
Imports (general) :
Refined unrefined scrap (copper cont ) do
Refined
do
Exports:
Refine1 on d scrap
do
Refined
do
Lead:
Production:
Mine, recoverable lead
thous sh tons
Recovered from scrap (lead cont )
do
•• 9, 804
'7,427
4 052
1,376
326
115
303
103
1
1,
1
1
496
524
132
8,415
10,442
3. 9575
3 540
9,490
3. 3982
253
11,062
3. 4254
1
r
5 891
5,822
116 7
106 2
97 3
89
29 0
133 7
136 5
130 8
56
28 0
136 1
133.3
127 2
61
29 o
136.7
124.8
117.7
7.1
38 2
21 5
42 9
33 5
39 6
26 6
68 0
48 7
55.9
45.8
20 5
11 2
16 9
85
20 5
10 8
20 6
10.9
20.4
8.6
152
460
135
16 4
84
77
451
90
136
528
165
161
511
140
170
459
111
176
486
143
.6379
.6379
.6362
.6362
.6468
.6924
.7062
57 8
64 6
^50 6
57.0
50.8
18 3
114.1
23 5
125.1
16.0
116.4
13.4
188 7
193 0
206 8
205.3
90 6
110 5
92 0
110 4
89 9
116 4
87 3
116.1
84.4
87 8
.1946
83 7
.1900
79 6
.1900
68 2
.2022
70.8
.2193
.2288
1 083
3 936
980
125
4 545
3 485
4 005
990
125
5 090
4 135
o
498
2 414
1 025
120
4 855
3 795
28
4 809
1 210
140
5 735
4,485
934
2 617
64
2,606
527
512
120
.7062
649
575
136
563
549
129
.2300
5 333
4,262
215
262
21
38
44
7,731
9 247
8 488 9 044
9 490
33 1397 33 2749 3 3. 4720 33.5546
3 0302
153
3
3.7511 33.8932
499. 9
i 469. 4
40.5
39.7
37.1
39.3
37.6
39.8
36.6
37 2
40 4
41 6
42 7
••41.2
41.7
do
do
240.0
539.5
145 0
380.4
14 4
14.9
12 2
24.2
12.1
17.5
7.7
22.6
10 5
42 0
94
58 4
83
53 8
12 1
51 2
6 2
57 7
98
44 o
83
45 5
66
59 9
5.7
62.9
Consumption ^recoverable zinc content):
Ores
do
Scrap, all types ...
do
i 127. 1
i 258. 2
89.2
239.9
6.2
21.0
8.2
17.9
8.5
18.1
8.3
18.3
7.9
19.2
9 7
20 8
88
18 8
83
18 6
84
18 6
76
19 6
89
21 1
8.8
20.0
25.6
2.4
83.2
.1
29 1
3.1
94.1
28 8
47
94 8
.1
31 0
46
78 5
2
36 8
41
81 3
42 0
38
84 1
41 4
58
106 5
43 5
3.0
98.9
(2)
(2}
40 8
45
87 8
2
thous. sh. tons
Slab zinc: §
Production (primary smelter), from domestic
i 555. 2 1438 1
30 1
25 3
and foreign ores
thous sh tons
27 6
178.5
4.0
1.5
Secondary (redistilled) production
do
21
i 57.9
11,287.7
Consumption, fabricators.
do
68.3
72.1
925.3
67.9
(2)
(2)
19.1
Exports
___
do
1.6
6.9
Stocks, end of period:
39.7
90.5
Producers', at smelter (ZI)O
do
116.0
108.6
75.7
Consumers' _
___ _
do
i 210. 7
126.8
114.0
103.3
97.8
Price, Prime Western
___$perlb\.3594
.3892
.3894
.3894
.3896
Revised.
*> Preliminary.
i Annual data; monthly revisions are not available.
2
Less than 50 tons.
3 gee "*" note.
cflncludes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
§ All data (except annual production figures) reflect GSA remelted zinc and zinc purchased
for direct shipment.
©Revised Dec. 31 stocks for 1971-73 (thous. tons): 48.6; 30.1; 25.9.
Producers' stocks elsewhere, end of June 1976, 14,400 tons.
(2)
o
(2)
(2)
(2)
69.2
73.5
67.6
61.0
68.0
54.0
60.7
73.4
67.5
67.4
74.6
90.6
95.3
92 3
91 6
97 4
101.4
97 8
93 8
91 1
.3700
.3890
.3700
.3889
.3895
.3700
.3890
.3700
.3712
.3700
.3893
*New series effective with data for Jan. 1976. Source: Metals Week. MW Composite monthly
price (Straits quality, delivered) is based on average of daily prices at two markets (Penang,
Malaysia—settlement, and LME 3-month—High grade), and includes fixed charges plus
dealer's and consumer's 70-day financing costs; no comparable earlier prices are available.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
July 1976
1975
May
June
July
1976
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
Junt
May
METALS AND MANUFACTURES—Continued
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic) n e t , q i r l y 9 O
mil. $
Electric processing heating equip
do
Fuel-fired processing heating equip
do
153.5
23.8
90.4
146.4
43.6
52.4
Material handling equipment (industrial):
Orders (new) index, seas adj
1967 = 100 .
202.7
135.6
125.9
126.1
133. 5
132.6
179.0
151.9
131.8
132.9
Industrial trucks (electric), shipments:
7T and (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines) shipments
number
22, 661
26, 048
15,063
19,381
1,199
1,762
1,046
1,496
802
1,223
825
1,029
1,067
1,249
1,079
1,344
970
1,076
1,779
1,680
55, 124
36,388
3,250
2,781
2,011
2,479
2,557
3.G33
2,450
3,787
176.5
142.3
132.2
134.6
136.3
144.6
147.8
147.8
145.1
167.8
165.2
165.2
162.2
164.2
166.3
161.6
167.4
166.1
146.6
169.4
168.7
169.4
170.2
170.5
170.6
170.8
172.0
72.80
76.95
58.85
65.30
121. 85
149. 05
116.80 101. 95
1,388.5 1, 339. 4
91.60
85.45
170.00
143.10
1,261.0
89.55
77.95
159.45
130.50
1,191.1
29.95
24.60
51.80
43.20
296.6
19.70
17.35
40.75
34.45
275.6
30.20
26.85
47.55
42.75
258.2
Industrial supplies, machinery and equipment:
New orders index, seas, adjusted.. .1967-69= 100..
Industrial suppliers distribution:
Rales index, sens, adjusted.
1967=100..
Price Index, not seas. adj. (tools, material handling
equip., valves, fittings, abrasives, fasteners,
metal products, etc.)
1967=100..
Machine tools:
Metal cutting type tools:
Orders, new (net), total
Domestic _
_
_ _
Shipments, total
Domestic
Order backlog, end of period
rail.
_ _ _
_
.
_do
do
do
do
40.8
19.2
9.8
81.60 82.45
$__ 2, 017. 05
915. 90
73.60
1,715.65
780. 50
60 10
1, 445. 85 1, 878. 65 171. 20 179 70
1, 241. 35 1,548.10 139. 15 154. 10
2, 025. 2 1,062.4 1,557.8 1,460.6
Metal forming type tools:
Orders, new (net), total
do
Domestic
do
Shipments, total
do
Domestic ... _ ___ _ _ . - __ ___ _ do .Order backlog, end of period.. _ __ . do
Tractors used in construction, shipments, qtrly:
Tracklaying, total
units
mil. $..
Wheel (contractors' off-highway)
units
mil. $..
Tractor shovel loaders (integral units only), wheel
and tracklaying types
units
mil. $..
Tractors, wheel, farm, nonfarm (ex. garden and
construction types) , ship. , qtrly
units
mil. $..
485. 20
405. 85
584. 70
521. 80
521.2
270.45
212.65
573.05
484. 50
218.6
19. 35
12.50
45.15
39. 50
338.0
36.25
27.35
39.90
34.85
334.4
35.4
8.3
12.6
33.6
6.2
12 3
17.45
15.00
33.35
27.65
318.5
38.7
5.7
13.2
142.4
151.2
162.2
159.6
148.2
154.4
156.3
165.3
167.2
160.7
159.3
172.8
170.2
175.7
184.4
179.1
180.2
172.9
174.5
175.1
175.3
176.3
176.8
177.4
73.75
80.85
87.05
66.15
71.05
73.15
134.55 161. 95 117. 00
105.95 130. 95 101.20
1,137.4 1, 062. 4 1,019.2
110. 00
95.80
129. 80
109. 15
999.4
122. 00
98.00
145. 85
123. 80
975.6
'102.65
' 94. 30
'121.20
' 101. 00
' 957. 0
32.80
29.30
39.25
33.20
212.1
34.55
30.15
45. 25
37.60
201.4
40.90
35.70
54.70
41.60
187. 6
' 45. 95
' 41. 55
52.20
42.75
'181.4
4,738
255.4
830
50.9
3 1, 557 3 1, 721
382.0 384.4
21.20
18.80
40.85
34.25
238.6
28.25
23.60
48.15
39.75
218.6
' 5, 597
' 297. 0
1,329
86.8
'4 711
r 264. 6
1 080
73.8
' 4, 558
' 269. 4
964
55.3
r 51, 405 ' 37, 956
"1,141.2 ' 1,132. 7
'10,843
' 324. 0
r g 566
r 260 8
'8 351
' 266. 7
••234,558 ' 226, 223
'1,823.6 '2,368.1
'65,943
' 665. 4
"43,704
' 467. 9
23, 623 ' 20, 453
r 904. 8 '1,111.5
4,592
2 5, 600
2 255. 6
289.6
T
128. 95 P121. 50
118. 10 P109. 45
118. 50 P123. 45
96.55 P99. 55
967.4 ?965. 4
40.35
35.05
43.50
36.05
178.3
?50. 20
P47. 90
?54. 55
P44. 80
*174. 0
9, 029
249.4
'62,590 3 20,466 3 19,664
717.7 3233.4 3232.4
'54,197
' 634. 3
ELECTRICAL EQUIPMENT
Batteries (auto. -type replacement), ship
thous..
44, 408
39,340
2,487
2,463
2,865
3,573
Radio sets, production, total market
thous..
Television sets (incl. combination models), production, total market
-.thous..
43, 993
34, 516
2,380
* 3, 072
3,418
3,178
Household major appliances (electrical), factory shipments (domestic and export) 9
thous..
Air conditioners (room)
_
do
Dishwashers
do
Disposers (food waste)...
.
do
Ranges
._
do
Refrigerators
__
do
Freezers
do
Washers
do
Dryers (incl. gas)
do
Vacuum cleaners. . .
do
31, 996
4,564
3,320
2,553
2,925
5,982
3,220
4,948
3,584
8,470
1
4
4,282
2,496
2,751
3,154
2,860
2,765
4
3, 673
3,627
3,428
4
1, 223
931
1,145
3,453
2, 593
878
4980
890
919
2,106
71.6
227.1
178.7
178.6
417.6
272.4
424.3
288.1
2, 243
27.4
253.1
206.5
187.2
464.8
242.9
480.5
345.8
2,246
101.0
318.1
214.6
198.3
456.6
184.8
429.1
315.5
1,577
60.3
247.6
179.0
156.2
304.7
91.5
296.2
218.7
1,801
223.3
259.7
178.8
183.7
360.9
83.8
279.3
202.9
6
3,400.3
1,934
261.1
223.8
192.8
167.7
299.7
115.2
368.8
266.4
2,158
264.5
224.4
188.7
183.7
361.6
131.8
417.5
292.6
2,514
524.4
296.5
222.6
217.0
408.3
143.3
346.2
234.4
2,194
373.0
242.3
198.9
193.9
414.1
128.2
335.9
208.4
96.5
134.3
206.8
121.4
147.0
225.2
148.3
152.1
235.3
121.1
146.7
183.2
114.3
158.2
204.9
132.2
137.3
253.6
121.1
135.1
111.6
162.9 ' 186. 0 ' 144. 1
312.2
310.0
255. 9
4
3, 095
4
1,364
111.8
155.5
296.9
<943
765
919
24, 240
2,180
446.5
208.1
142.2
159.1
390.0
212.8
354.4
198.1
' 2, 372
343.5
r 229. 4
' 182. 6
' 191. 5
486.4
234.9
384.2
234.0
2,270
147.0
195. 4
191.3
176.6
516.3
276.4
403.4
250.9
7
1,690.1
79.0
125.0
234.3
85.5
151.0
207.8
92.8
118.7
226.2
2, 702
^,080
12,014
4,582
2,457
4,228
2,870
7,640
2,564
4,469
3,948
3,271
1,069
751
1
2,683
1
4
4,613
3, 696
1, 293
10, 637
15, 279
4,432
4
2,500
405.4
294.3
204.6
200.8
426.7
152.0
412.2
282.1
52, 392. 1
2,388
336.7
261.5
214.6
222.8
494.6
128.3
408.0
253.6
GAS EQUIPMENT (RESIDENTIAL)
Furnaces, gravity and forced-air, shipments, thous..
Ranges, total, sales
do
Water heaters (storage), automatic, sales
do
1,476
1,950
2,569
1,186
1,618
2,645
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
1
Production f
thous. sh. tons
6, 617 ' i 6, 203
Exports
d0
640
735
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton.. 29. 972
44. 856
Bituminous:
Production J
thous. sh. tons.. 1603,406 1 640,000
'530
15
'540
66
460
89
530
45
495
102
595
56
550
21
655
63
530
14
440
24
525
21
'520
66
555
80
705
46. 428
46. 428
46. 428
46. 428
46. 428
46. 428
46. 428
46. 428
46. 428
46. 428
46. 428
46. 428
46.428
46. 428
51,495 '52,630 '60,050
57,850
56, 605
58,430
55, 370 55, 730 45, 560
P
l
a 5ev,ise^'
Preliminary.
Annual data; monthly or quarterly revisions not avail.
4
* Excludes figures for rubber-tired dozers.
3 For month shown.
Data cover 5 weeks;
6
7
otner periods, 4 weeks.
5 Jan.-Mar.
Aug.-Dec.
May-July.
51,160
55,560
60,030
52,410
53,115
9 Includes data not shown separately.
t Monthly revisions back to 1973 are available upon request,
O Effective 1976, data reflect additional reporting firms.
SURVEY OF CURRENT BUSINESS
July 1976
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1975
Annual
S-35
1976
1975
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
365.8
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous— Continued J
Industrial consumption and retail deliveries,
total 9 -_ _ _- _thous. sh. tons . 552, 709
390, 068
Electric power utilities
do
Mfg. and mining industries, total _
do._ . 153, 721
Coke plants (oven and beehive)
do
89, 747
554, 622
403, 249
145, 667
83, 193
42,683
30,128
12, 268
7,282
44, 727
30,120
11, 269
6,921
47, 496
36, 186
10, 822
6 638
Retail deliveries to other consumers. _ _ do... .
8,840
5,682
283
335
486
Stocks, industrial and retail dealers', end of period,
total
thous sh. tons
Electric power utilities
do
Mfg. and mining industries, total _
do
Oven-coke plants
do
95, 528
82, 631
12, 617
6,037
127 159
109, 707
17, 175
8,671
109 796
92,054
17, 428
9,603
Retail dealers
do
49, 102 43, 829
37, 759 32, 361
11, 023 11, 088
6,564
6 287
318
378
44, 563
32, 717
11,519
6 659
45, 545
33, 199
12, 020
6 485
50, 290
37, 249
12,716
6,716
52,484
39 855
12, 326
6,732
45, 358
33,448
11, 735
6,605
324
324
324
303
175
115,014 109 313 108, 680 112 102 120.371 125, 813 127 159
96,839 92 995 93, 051 96 621 104,227 109, 273 109, 707
17, 796 15, 884 15, 204 15, 039 15, 861 16, 277 17, 175
10, 009
7 729
8,468
7 003
8 126 7,340
8 671
119 408 118 509
104,456 102 926
14, 793 15,217
8,115
8 514
280
277
314
379
434
425
442
283
263
277
159
366
65, 669
387.0
7,011
389.6
6,269
386.0
4 691
382 0
5, 859
377.3
4 529
372.4
4,647
370.2
7,593
363.0
4 534
370.1
3,697
368.9
3.050
368.0
3,979
366.9
5,780
366.4
5,667
366.0
2727
56, 494
25, 848
56
5,052
2 031
52
4,765
2,140
52
4,532
2 259
53
4,427
2,198
62
4, 250
2 220
60
4,527
2 307
57
4,365
2 115
40
4,549
2 286
49
4,551
2,201
49
4,372
54
5,041
55
4,884
55
5,133
do
do
do. ..
do
935
910
25
1,084
4,996
4,718
278
1,472
2 261
2,131
131
1 211
2,889
2,741
148
1,216
3 522
3 323
199
1 283
3,867
3,654
213
1,325
3 821
3 618
203
1 435
4 108
3 899
209
1 477
4 522
4 291
231
1 565
4 996
4 718
278
1 472
5 092
4,820
272
1,502
4 994
4 737
257
1 539
5,105
4,847
258
5 062
4 808
254
4 992
4,736
256
do
--
59, 926
339. 5
845
thous. sh. tons
___
do. _. 260.737
24, 749
do
Exports _
Price, wholesale. ..
1,278
1 273
133
138
105
89
117
93
52
74
55
92
87
116
133
12. 784
211.8
4,631.6
87
16 338
245.7
4,709. 3
86
1 100
234.2
384.7
83
1,246
256. 0
385 6
86
1 229
250 4
414 9
89
1,272
256.1
416.9
89
1 504 1 633
256 1
257 8
401 5 397 3
88
85
1 619
261 0
394 6
87
1 817
262 6
411 4
88
1 465
263 2
403.6
86
1 341
242 3
388 1
1,726
242.4
1 237
245 3
1,501
246 1
1 500
247.8
mil. bbl
6,062. 7
5,860. 8
470.9
465.1
495 3
501 9
500 5
505 0
489 4
500 7
509.7
476.2
do
do
3,202. 6
629.2
3,052. 0
609.7
259.5
50.9
252 3
50.6
258 1
51 8
255 4
52 5
248 0
48*4
257 6
52 2
248 1
50 4
255 4
52 2
254 6
50.2
237 7
48.8
do
1,313.4
do. _
917.6
1,511.1
687.8
108.9
51.6
118 4
43.8
131 3
54 1
143 1
51 0
141 5
62 7
137 3
57 9
139 5
51 3
139 9
53 1
144.0
60.9
123 7
66.1
_ -_ do .
Index, 1967=100
COKE
Production:
Beehive
Oven (byproduct). _ _
Petroleum coke§ _
Stocks, end of period:
Oven-coke plants, total
At furnace plants
At merchant plants.
Petroleum coke
_
Exports
r
r
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
number
Price, wholesale
Index 1967—100
Gross input to crude oil distillation units mil. bbl
Refinery operating ratio
% of capacity
All oils, supply, demand, and stocks:
New supply, totald"t
Production:
Crndo petroleum^
__ .
Natural-gas plnnt liquids.
ImportsCrude and unfinished oils
Refined productst
Change In stocks, a!! oils (decrease,—)
Demand, tofalj:
Exports:
Crude petroleum
Refined products
Distillate fuel oilj
Residual fuel ollj:
Jet fuel.
,.
__ _ _
_
Stocks, end of period, total
Crude petroleum.. . .
Unfinished oils, natural gasoline, etc
Refined products
Refined petroleum products:
Gasoline (incl. aviation):
Production
_
Exports
_ ..
Stocks, end of period
3 11.8
12.2
18
15 2
20 6
40 4
88
23 5
—46 7
6, 022. 6
474.9
475 1
494 4
495 1
479 2
512 5
476 6
565 7
579 7
1.1
79.4
21
74.3
o
o
Q
o
o
67
o
Q
6.3
o
o
o
58
63
62
58
50
81
48
7 0
do
do
do
6,078. 2
2, 402. 4
64.4
5 946 2
2, 450. 3
58 0
468.6
214.1
30
468 3
213 5
40
488 6
219 7
30
488 8
218 6
33
473 9
1
203
38
506 7
211 5
4 5
471 6
192 8
4 4
557 6
212 0
85
574 9
199 2
9 2
502 9
182 3
63
do
do
do
Domestic product demand, total 9 J
Gasoline.
.
Kerosene
65.3
6,158. 7
do
. do
_ _
do
do
.
Lubricants
Asphalt
Liquefied gases...
2
1,075.9
963.2
362 6
1,039. 8
888 0
365 3
73.9
63.5
30 3
68 0
65 4
29 7
65 5
69 4
on ft
67 4
65 6
32 4
64 9
69 9
31 2
82 9
69 4
30 9
76 3
70 5
30 0
117 1
84 6
28 2
133 2
93 5
29 4
106 6
84 9
28 0
do
do
do
56.7
168.7
513.1
50.1
147.4
486 4
12.7
30 7
17.1
29 7
18.3
36 5
19.1
37 2
18.9
37 3
17.7
43 9
3.7
11.5
42 5
4.4
5.9
54 3
3.8
5.1
57 5
4.1
5.0
44 0
1,069.4 1 071 2 1 086 4 1 106 9 1 147 3 1 156 1 1 179 6 1 133 0 1 088 6
281.0
276 1
259 4
271 0
271 4
269 6
289 3
256 6
264 2
121.2
119 9
115 6
114 6
113 7
118 1
113 4
113 7
116 3
ync n
773 3 773 1
667 2
675 1
793 1
732 2
685 6
747 9
070 2
277 4
113 5
679 4
do
do
do
do
1,121. 1 1,133 0
265.0
271.4
113.6
113 7
742 5
747 9
do
do
do
2, 337. 5 2 393 6
8
10
228.3
238 0
191 1
(i)
217 0
201 2
m
210 0
218 5
n\
215 2
Prices (excl. aviation):
Wholesale, regular
Index, 2/73=100..
178.4
199.0
215.5
211.8
206.8
Retail (regular grade, excl. taxes), 55 cities
(mid-month)
$ per gal
404
452
455
438
474
Aviation gasoline:
Production
mil. bbl
1i
15.9
13 7
11
13
Exports
.
do
I
I
(i)
m
m
Stocks, end of period
do
3.5
3.0
3.0
29
2 7
Kerosene:
Production
do
56.9
4 2
55 7
28
37
Stocks, end of period
do
16 9
16 5
15 4
15 6
16 0
Price, wholesale (light distillate)"
Index. 1967=100..
226.7
285.6
284.6
280.6
283.7
r
Revised.
i Less than 50 thousand barrels.
2 Reflects revisions not available by
months
s Not comparable with data for earlier periods because stocks cover 100 additional
terminals beginning Dec. 1974.
-44.3
—18 4
509 9
214 6
m
218 4
206 0
(i\
229 2
200 3
m
224 5
199 4
(i)
235 3
211 3
3
238 0
243 4
4
251 8
228.9
233.7
235.1
233.0
229.5
227.3
226.4
221.6
218.9
220.5
228.9
480
480
481
476
468
462
456
452
461
479
15
m
2 9
13
(i\
2 8
15
(i\
2 9
13
(i\
31
476
g
m
30
m
29
2
29
4 4
17 2
4 4
17 8
44
17 8
47
18 2
58
15 6
5 6
11 9
11 4
201 8
m
7
303.2
313.5
310.8 306.3
304.2 307.8
316.6
299.1 297.9
310.5
299.4
9 Includes data not shown separately.
§ Include? nonmarketable catalyst coke.
cfIncludes small amounts of "other hydrocarbons and hydroeen refinery input," not
shown separately.
JMonthly revisions back to 1973 are available upon request.
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated ?n footnotes be?ow, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975 »
Annual
July 1976
1976
1975
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
84.8
5.0
(2)
165.5
Mar.
Apr.
May
June
5.7
(2)
150.5
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Reflned petroleum products— Continued
Distillate fuel oil:
Production
mil. bbl
Imports^*
_- _- _ _ d o _ _
Exports.. -_
__
do
Stocks end of period
do
Price, wholesale (middle distillate)
Index, 1967=100...
Residual fuel oil:
Production
mil. bbl
ImportsJ
do
Exports
do
Stocks end of period
do
Price, wholesale
Index, 1967=100...
974.0
105.6
.9
223.8
968.6
55.9
.3
208.8
75.4
4.2
(2)
152.1
77.2
2.0
(2)
163.3
80.3
3.3
(2)
181.5
80.4
2.9
(2)
197.4
84.4
3.9
83.0
2.9
220.8
85.1
3.2
(2)
226.2
235.8
86.3
3.9
(2)
208.8
(2)
(2)
272.0
309.4
296.1
301.3
308.3
312.9
318.2
322.9
330.8
336.3
336.7
339.4
335.1
331.5
328.6
329.2
390.5
579.2
5.0
74.9
485.4
451. 0
435.9
5.3
74.1
495.5
35.7
34.8
.2
73.5
491.3
34.6
27.1
.6
69.7
489.3
35.8
35.5
.5
71.5
479.9
35.5
30.4
.4
71.9
473.3
35.5
39.4
.6
76.9
458.1
36.1
37.8
.2
81.9
461.8
36.4
35.1
.4
83.1
450.4
42.0
34.1
1.0
74.1
459.3
43.9
42.0
.4
66.6
451.8
47.2
.9
68.9
445.2
454.8
453.8
453.6
440.1
305.1
29.8
318.0
30.4
26.7
30.7
25.2
29.3
27.4
29.8
29.7
31.1
27.2
31.3
26.8
30.4
25.9
29.0
26.3
30.4
27.6
30.6
si. 2
70.7
11.9
16.1
56.2
9.1
14.3
4.5
1.0
15.4
4.6
.7
14.9
4.8
.9
14.7
4.7
.7
14.2
4.8
.7
14.0
5.1
1.1
13.3
5.0
.6
14.2
5.1
.7
14.3
4.4
.5
14.6
.9
14.0
mil. bbl
do
164.2
21.6
144.0
22.8
13.1
31.6
14.4
29.6
16.6
28.4
16.2
26.3
14.8
22.6
14.5
19.8
11.6
20.2
8.3
22.8
6.8
24.9
27.6
Liquefied pases (inch ethane and ethylene) :
Production, total
mil. bbl
At gas processing plants (L.P.G.)
do
At refineries ( L E G )
do
Stocks (at plants and refineries)
do
571.3
447.9
123.3
112.5
557.5
444.1
113.4
125.1
46.2
37.0
9.3
111.7
45.5
35.8
9.7
124.1
47.6
37.2
10.4
131.2
48.9
37.8
11.1
138.5
44.8
35.0
9.8
141.6
47.4
37-8
9.6
140.6
46.2
36.9
9.3
138.1
48.1
38.4
9.6
125.1
46.7
37.2
9.5
109.0
105.5
Jet fuel:
Production
Stocks, end of period
-
Lubricants:
Production
Exports
Stocks, end of period
mil. bbl
do
do
do
do
Asphalt:
Production
Stocks, end of period
36.0
37.6
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
_
Consumption
Stocks, end of period
thous. cords (128 cu. ft.)
_
do
do
77, 302
74, 459
7 238
65, 096
65, 730
6 845
5,073
5,155
6,372
5 027
5,244
5 834
5 010
6 330
5,497
5,476
6 346
5,448
5,371
6 411
6,537
6,297
6 727
5 829
5 908
6 627
5,672
5,490
6 845
6,031
6,163
6 799
6,279
6,130
7 008
6 338
6,595
f 839
6,026
6,477
6 595
Waste paper:
Consumption..
Stocks, end of period
thous. sh. tons
do
12, 106
848
9,093
731
744
755
750
744
696
752
770
740
784
744
871
768
809
717
762
731
842
694
828
633
'905
'663
866
656
48, 417 4 40 997
1,367
1,723
33 010 3 29 358
2,210
2,025
4,414
4,711
2,729
(4)
4,035 33,419
3 215
106
2 359
146
327
3 208
111
2 334
149
342
3 171
88
2 307
153
360
3 569
107
2 583
166
397
3 396
87
2 436
179
389
3 919
133
2 847
186
421
3 724
'127
2 685
183
406
3 371
132
2 404
166
375
3 935
123
2 779
179
420
3 850
120
2 741
174
402
4 155
147
2 951
187
425
4 082
130
2 901
182
404
277
272
263
315
305
333
323
292
435
413
444
465
1,140
611
465
65
1,041
540
448
53
1 124
635
441
49
1 113 5 1, 024
5497
«633
440
421
87
59
1,062
562
431
69
1 083 '1,032
574
531
'441
448
'60
60
1,106
606
442
57
WOODPULP
Production:
Total, all grades.,
thous. sh. tons
Dissolving and special alpha. .
do
Sulfate.
.
do
Sulflte
_ _
do
Ground wood
do
Deflbrated or exploded, screenings, etc do
Soda and semlchemicaldo
Stocks, end of period:
Total, all mills
Pulp mills.
Paper and board mills
Nonpaper mills
do
do
do
do
1,177
440
637
100
1,024
497
440
87
1,271
719
489
63
1,258
710
63
1,231
682
475
74
Exports, all grades, total
Dissolving and special alpha
All other.
do
do
do
1 2, 802
788
i 2, 015
1 2, 565
692
1
3, 257
205
66
140
208
36
173
183
58
124
218
55
163
207
59
149
161
44
117
186
52
134
240
58
298
206
76
130
209
54
155
214
73
141
178
54
124
Imports, all grades, total .
Dissolving and special alpha
All other
do
do
do
i 4, 123
221
1
3, 902
1
245
10
235
278
24
254
267
11
256
223
12
211
242
4
237
255
11
244
237
g
230
283
21
262
318
23
295
280
g
272
313
20
294
298
7
291
4,613
2 006
2 137
g
435
4,562
1,992
2 142
g
420
5 144
2 258
2 427
g
451
4 708
2 083
2 218
7
401
4 533
2,106
2 071
7
348
4 940
2 249
2 287
9
396
1
3, 078
140
2 937
484
5
PAPER AND PAPER PRODUCTS
Paner and board:
Production (Bu. of the Census):
59, 934
4,184
All grades, total, unadjusted thous sh tons
52 297
4,209
4,147
Paper. .
do
26, 861
1,799
23, 370
1,849
1,850
27, 892
Paperboard
do
1,985
24 233
1 951 1 881
7
8
6
144
Wet-machine board
do
91
Construction paper and board
do
5,037
392
411
4 577
403
Wholesale price indexes:
Book paper. A grade
.. 1967-100..
140.9
152.2
170.3
Paperboard .
do
169.9
169.9
170 6
Building paper and board
do
127.1
126.2
125.7
123.5
127.4
' Revised.
* Preliminary.
1
J
Reported annual total; revisions not allocated to the months.
I/ess than 50 thousand
barrels.
» Beginning with January 1975, data for soda combined with those for sulphate;
not comparable with data for earlier periods.
4 800 '5 394 5,153
2 147 '2 392 2,257
2 236 '2 511 2 427
g
9
' 10
'481
460
408
177.1
172.9
174.8
175.9
170 6
170 0
169.7
171.7
170 6
170.1
171 3
139.5
136.2
136.4
137.0
133.2
131.2 131.4
128.8
131.7
127.7
131.3
* Beginning March 1975, data for defibrated or exploded, screenings etc., not available;
not comparable with those for earlier periods.
* Data exclude small amounts of pulp because reporting would disclose the operations of individual firms.
{Monthly revisions back to 1974 are available upon request.
SURVEY OF CURRENT BUSINESS
July 1976
1975
1974
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the edition of!975 BUSINESS STATISTICS
S-37
1975
May
Annual
June
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Selected types of paper (APT):
Oroundwood paper, uncoated:
Orders new
thous. sh. tonsOrders unfilled, end of period
_„.
do
Shipments
do
Coated paper:
Orders new
- do
Orders unfilled, end of period
do..
Shipments
-do
Uncoated free sheet papers:
Orders new
- -do
Shipments
do
Unbleached kraft packaging and industrial converting papers:
Orders new
do
Orders unfilled end of period
do
Shipments
_-do
Tissue paper, production
.do. _.
Newsprint:
Canada:
Production
Shipments from mills
_
Stocks at mills, end of period
__
United States:
Production
- Shipments from mills
Stocks at mills, end of period _ _
do
_do _
do__do
do
do
1,246
' 1, 251
'230
' 1, 189
93
182
92
102
195
84
89
197
90
114
202
101
105
207
97
144
236
122
118
232
119
'230
'115
3,642
' 3, 137
3,832
'3,210
246
207
243
238
203
249
252
206
252
264
199
272
263
199
260
343
252
303
301
245
277
297
264
311
'321
6,355
6,946
' 5, 505
416
434
418
441
459
450
457
489
499
489
600
558
555
535
'557
'546
273
121
270
327
272
127
263
311
316
131
312
345
319
149
307
322
316
135
330
366
294
135
293
356
597
623
510
530
487
518
379
488
1,255
167
296
264
' 5, 416
4,135
3,422
4,187
4,092
3,406
4,015
268
123
256
335
9,548
9,597
143
7,679
7,727
95
801
806
759
787
317
289
135
3,481
' 3, 480
25
149
'3,614
'3,613
21
'264
'265
36
'288
'285
645
651
283
'289
'294
34
39
258
'327
'320
42
237
'298
'302
206
'329
'336
38
30
137
111
'104
175
110
122
245
114
'315
211
310
365
231
354
351
318
327
'546
'574
'498
'542
'557
'601
554
580
302
149
288
334
'364
'345
375
354
324
365
370
339
552
484
95
126
214
812
781
806
792
225
812
806
239
245
'310
'308
'282
'294
33
21
'108
'234
113
350
273
'330
'330
'21
'106
'181
' 110
'298
'298
'326
'323
302
23
303
21
20
308
301
28
812
823
234
305
308
25
Consumption by publishers cT
- --. do .
Stocks at and in transit to publishers, end of
period
--.
thous. sh. tons..
7,022
6,364
569
529
482
507
515
565
583
546
498
505
531
559
570
534
827
734
1,014
1,046
1,090
1,104
1,045
983
837
734
664
652
687
760
760
788
Imports _ _ .
do
Price, rolls contract, f.o.b. mill freight allowed
or delivered
Index, 1967=100..
7,399
5,847
536
552
537
440
435
394
289
316
270
302
603
645
151.2
184.0
184.7
184.7
184.7
184.7
184.7
184.7
184.7
184.7
184.7
184.7
190.1
193.1
197.9
197.9
342
482
1,165
479
473
469
497
520
1,093
563
1,198
543
1,233
482
1,165
512
1,163
583
1,231
578
1,268
576
1,256
582
1,232
555
1,188
Paper board (American Paper Institute):
Orders, new (weekly avg.)
thous. sh. tons
Orders. unfilled §
do
Production, total (weekly avg.) _ _ ._ . - do Paper products:
Shipping containers, corrugated and solid fiber
shipments
mil. sq. ft. surf. areaFolding paper boxes
thous. sh. tons
m 1 $.
876
556
856
475
981
423
15, 986
15,441
15,816
16, 778
18,360
191.6
141.1
195.2
144.9
189.0
139.7
200.5
146.8
214.4
157.7
476
871
470
1216,072
1194,329
2,560.0
1,700.0
2,380.0
1,755.0
997
515
486
565
550
487
19,811
15,851
15, 959
227.6
168.1
191.5
141.5
208.0
155.7
546
566
583
586
18, 204
17, 441
' 206. 0 ' 188. 7 ' 235. 2 ' 201. 4
' 153. 4 ' 142. 4 ' 174. 4 ' 153. 4
209.9
158.0
17, 414
16, 705
580
18, 875
568
19, 229
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. metric tons
Stocks, end of period
do
Imports, Incl. latex and guayule thous Ig tons
Price, wholesale, smoked sheets (N.Y.)__$ per lb. .
Synthetic rubber:
Production. .
Consumption
Stocks, end of period
thous. metric tons
do
do
719. 05
137. 54
681. 32
633. 60
105. 38
656. 60
55.51
113. 14
32.65
55.09
125. 15
58.41
46.77
118.69
52.73
51.98
116 75
59.72
58.04
107. 05
54.29
58.74
104. 91
57.15
44 76
110 69
66.21
50.50
105. 38
62.20
66.07
55.57
72.12
69.38
46.75
.398
.299
.285
.293
.318
.303
.308
.300
.300
.308
.330
.358
.370
.388
.405
2,498.22 1, 940. 76
2,355.82 1, 805. 91
369. 86
618. 70
153. 63
149. 30
424. 70
149. 78
153. 40
408. 20
144. 89
137. 57
390. 78
172. 71
153. 10
378. 87
181. 99
164. 07
368. 01
194. 35
179. 44
358. 94
185. 72
139. 70
365. 33
189. 24
146. 59
369. 86
21.24
22.55
25.14
21.38
22.55
thous Ig tons
267. 12
214. 50
15.69
16.78
16.24
18.36
19.28
20.64
21.15
22.57
thous. metric tons
do
do
153. 27
144. 57
15.47
78.90
100. 22
11.66
8.85
8.68
13.53
6.74
9.54
12.83
4.99
7.65
11.37
5.80
9.53
12.64
6.36
9.26
12.02
6.46
8.17
10.35
6.58
7.26
11.56
4.22
6.99
11.66
thous
211, 390
186,705
15, 677
16, 678
14, 531
16, 413
17, 878
18, 821
15 212
16, 215
17, 598
18, 200
20, 552
16, 085
do
do
do
do
209, 418
55, 245
145, 449
8,724
196,281
47, 452
142, 706
6,122
17, 941
4,291
13, 123
19, 384
4,469
14, 393
17, 888
3,342
14, 156
16, 332
3,852
12, 007
522
390
473
19, 883
5 206
14 159
18, 680
4,856
13, 256
13, 854
3 988
9 352
14, 056
3 928
9,667
14, 615
4 769
9 299
16, 410
4,919
10, 952
547
539
22, 225
5 812
15, 946
461
21,843
6 054
15, 142
648
467
Stocks, end of period
Exports (Bu. of Census)
do
do
55, 242
9 229
50, 020
6 124
52, 037
49, 803
46, 990
47, 405
50, 020
53, 172
55, 395
54, 837
49, 125
609
532
Inner tubes, automotive:
Production.
Shipments
Stocks, end of period.
Exports (Bu. of Census)..
do
do
do
do
41 415
46 227
8,755
3 608
32
34
9
3
3 166
3 610
8,747
2 478
3 094
8,441
.440
Exports (Bu. of Census)
Reclaimed rubber:
Production
_
Consumption
Stocks, end of period
TIRES AND TUBES
Pneumatic casings, automotive:
Production
Shipments, total
Original equipment
Replacement equipment
Exports.
. .
584
581
212
ggg
528
574
2 656
2,734
9,921
351
495
2 685
3,099
9,669
390
435
2 497
2,889
9,476
' Revised.
p Preliminary.
i Reported annual total; revisions not allocated to months,
cf As reported by publishers accounting for about 75 percent of total newsprint consumption.
217
491
9
,703
2,779
9,546
267
518
569
514
45 711
46, 002
470
547
47 569
2 788
3 118
9 474
3 103
3 414
9,307
215
455
529
2 380
2 678
9 260
352
419
482
2 305
2 542
9 212
2 675
2 941
9 133
300
309
435
2 790
3,043
9,028
283
402
260
408
263
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
In the 1975 edition of BUSINESS STATISTICS
1974
1975
Annual
July 1976
1976
1975
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
28,090
33, 128
34,468
589. 1 '640.8
r
8.8
'7.2
106.5 f 100. 3
585.9
6.4
98.4
June
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous. bbl.
1
431, 516 1 366, 984
34, 101
36, 266
38,910
39, 176
38, 941
41, 745
28, 346
22, 782
17, 660
20, 484
5, 854. 0
88 5
1, 189. 9
531 3
80
112 9
553 8
77
111 1
589 2
6 4
114.7
588 3
66
115.5
570 5
7.3
109.1
625 0
68
118.9
501 2
5 5
95.9
440.5
7.4
76.5
343 6
5.4
65.3
457.5
8.7
69.2
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick
Structural tile, except facing
thous. sh. tons
Sower pipe and fittings, vitrified
do
Facing tile (hollow), glazed and unglazed
mil. brick equivalent
Floor and wall tile and accessories, glazed and unglazed
mil. sq. ft
Price Index, brick (common), f.o.b. plant or
N.Y. dock
_ _
1967 = 100
6,673 0
99.7
1,454.1
T
r
96.9
79 1
75
60
7.5
6 4
7.2
70
5.8
7.3
4.7
4.9
'6.5
5.1
4.5
273.2
235 6
19 7
19 2
20 2
20 1
20.3
21 5
18 3
18.5
19.1
18.6
'22.9
'21.3
21.2
143.5
160 5
156 0
159 9
160 7
163 0
165 6
167 5
168.7
168.7
170 1
170 9
171.7
173.2
174.3
thous. $.. 543,382
175.2
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
467,994
105,183
131, 143
145,938
153, 874
132, 541
410, 841
76, 229
39] 765
15,026
90 157
20, 172
110, 971
25,509
120,429
27, 714
126, 160
280, 397
283 055
23079
24250
25 341
25297
25241
26 974
22929
19, 947
23, 843
24, 118
26,173
24,693
26, 221
do
273,709
279 022
23 834
25 388
29 456
23 830
23 454
23 869
20973
22, 212
22, 590
21 546
31382 ' 20,415
24, 003
do
do
do
do
24,491
65 631
66 605
22 568
25 266
64 418
76' 835
23 406
2 183
5 896
6 654
1 964
2 198
6 336
7 439
1 994
2 248
7 710
7 894
1 877
2 978
5 280
7 260
1 801
2 929
4 723
6 512
1 906
2
4
6
2
009
762
365
320
1 590
4 747
5 481
2 060
1 643
5,785
6 000
1,937
1,965
4,422
6 402
1,874
2 096
4 429
6 222
1 679
2 907 r 1, 973
7,497 ' 4, 754
6 771 r 5 824
2,620 r 1,504
2 252
5,324
7,486
1,710
Wide-mouth containers:
Food (incl. packer's tumblers, Jelly glasses,
and fruit ]ars)J._
thous. gross
Dairy products
do
59, 709
148
59 180
107
4 750
7
5 042
10
6 754
g
4 298
4 844
9
5 587
11
4 687
7
4,448
10
4, 936
4,564
7,763 ' 4, 028
4,263
Narrow-neck and Wide-mouth containers:
Medicinal and toilet
do
Chemical, household and industrial
do
30,231
4,326
25 775
4,035
2 066
*314
2 060
399
2 514
451
1 897
310
2 170
361
2 435
380
2 091
310
2,097
292
2,508
483
2 257
369
3,351 ' 2, 045
'287
473
2,427
541
Sheet (window) glass, shipments
do...
Plate and other flat glass, shipments.. . do
Glass containers:
ProductlonJ
thous. gross
Shipments, domestic, tolalj
Narrow-neck containers:
Food
Beverage
__
Beer
Liquor and wine
Stocks, end of period!
do
34 613
35 028
37, 666
40, 815
35,483
3
3865
787
3753
3 722
3 1, 474
3396
3486
1,343
1,451
379
247
79
26
23
27
47
96
2 934
51
85
56
2 247
462
35
43
85
2,929
49
79
56
2,250
462
33
13
21
901
14
23
17
686
149
12
13
25
864
13
22
17
661
139
12
41,614
312
73
39,497
3335
17
31
1,125
18
32
23
311,999
310,993
13
9,751
13
32 320
3
2 151
3 2, 791
32 444
3
3 2, 773
2, 366
do
3 7, 424
3 5, 448
3 1 249
3 1, 537
do
5,262
4,878
1 245
do
322
293
74
215
416
12 852
260
359
237
9 408
2 421
168
176
360
10 804
182
292
198
8 214
1 790
127
33 569
r
3883
3916
37, 666
38 109
(8)
38, 598
37 500
39 707
6
r
38 618
40391
GYPSUM AND PRODUCTS f
Production:
Crude gypsum
Calcined
-thous. sh. tons
do
Imports, crude gypsum
Sales of gypsum products:
Uncalcined
Calcined:
Industrial plasters.. .
Building plasters:
Regular basecoat
All other (incl. Keene's cement)
Board products, total
Lath
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorotcd v/allboard
do
do
mil sq ft
do
do
do
do
do
do
9 181
44
90
2 608
42
69
49
1 980
434
33
859
177
16
TEXTILE PRODUCTS
FABRIC (GRAY)
Knit fabric production off knitting machines (own
use, for sale, on commission), qtrly*
mil. lb_. 2,011.3 '1, 952.1
r 47 1
46 6
Knitting machines active last working day* thous
500.7
48 4
526.3
48 5
r 509. 8
'47 1
499.6
47.7
Woven fabric (gray goods), weaving mills:
2
3 796
Production, total 9 .
mil linear yd
882
850
834
980
907 T 21, 101
808 2 1 051
11 054
9 777
749
814
770
2
2 447
352
a 354
2 388
Cotton
do
356
466
373
375
349
4 987
345
364
4 326
348
2
2 595
442
Mamnade
fiber
do
484
r 2622
502
522
582
2 434
474
5 977
397
415
5 356
450
1 091
1 096 1 087 1 099 1 140 1 123 r 1 H5
Stocks total end of period 9 cf
do
1 099 1 191 1 186 1 175 1 168 1 154
1 290
472
448
Cotton
"
do
528
497
488
489
*488
506
489
510
' 495
498
502
560
639
Manmade
fiber
do
594
595
605
'638
606
725
644
630
605
676
665
675
678
' 2 723 2 729
2 551 2 605
2 608
2 581
2 590
1 961 2 135
2 582
Orders unfilled total end of Derlod 9 IT
do
1 797
2 590
2 281 2 398
1,294
1,277
1,144
1,077
1,019
1,116
1,134
1,126
Cotton
" do
'713
1 144
806
984
935
881
1,409
1,414
1,501
1,531
1,403 1,425 '1,382
1,414
1,428
Manmade
fiber
do
1,139
1,327
1,390
1,071
1, 240
COTTON
Cotton (excluding Hnters):
Production:
28,174
5,802
7,618
2,766
8,072
169
373
* 11,328 58 174
30
Qinnings^j,
thous running bales
5 8, 302
Crop estimate
thous net weight bales (T) « 11 537 5 8 302
2
2
552
712
'542
686
2624
531
2683
550
570
559
455
505
477
6,' 142
«527
6,617
Consumption . _
thous. running bales
Stocks In the United States, total, end of period 9
5,244
4,317
8,706
9,544
8,058 « 6, 922 '6,194
7,323
9,544
6,575
5,481 13, 662 12,702 11,775 10,618
thous. running bales. _ 11, 486
5,200
4,273
9,528
8,689
8,041 <6,903 '6,147
7,315
9,528
6,566
5,464 13, 646 12,684 11,759 10,608
11,476
Domestic cotton, total .
do
208
176
360
945
698
710 c 284
560
6,721
3,573
8,728
529
275
9,131
2,037
945
On farms and in transit
do
3,694
2,840
5, 322 '4,460
6,114
6,000
7,431
6,870
4,045
2, 919
4,865
3,430
8,413
4,063
7,431 5,559
Public storage and compresses ..
_ do .
1,298
1,257
1,121
1,152
1,035
1,217 ' 1, 327 ' 1,327
993
1,037
1,172
1,085
1,196
1,126
1,026
1,152
Consuming establishments
do ..
s
cTStocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
' Revised.
» Annual total: revisions not allocated to the months or quarters.
Data
4
toweling, and blanketing, and billed and held stocks of denims.
cover 5 weeks; other months, 4 weeks.
3 Excludes byproduct gypsum.
Crop for the
If Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
year 1974.
«Crop for the year 1975.
«Effective January 1976, "dairy products" are
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, toweling,
included in "Food, wide-mouth containers."
0Bales of 480 Ibs.
and blanketing.
.^Cumulative ginnings toc end of month indicated.
fBeginning Jan.
*New series. Source: BuCensus. Data cover warp and weft knit yard goods and knit
1976, data are shown on a monthly basis.
Corrected.
garment lengths, trimmings, and collars: no quarterly data prior to 1974 are available.
JMonthly revisions for Jan.—Mar. 1975 are available.
9 Includes data not shown
separately.
SURVEY OF CURRENT BUSINESS
July 1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1974
1976
1975
1975
Annual
S-39
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (excluding linters)— Continued
Exports
- thous. running bales
Imports
..thous. net-weight : bales
Price (farm), American upland
cents per Ib
Price, Strict Low Middling, Grade 41, staple 34
(IHo") average 10 markets ._
cents per Ib
5,170
46
U2.7
3,840
50
«49.9
364
5
36.5
392
4
38.9
40.6
325
1
43.5
r47.2
226
1
49.7
176
1
49.5
237
6
49.6
214
3
50.5
141
3
51.7
381
37
52.8
302
9
50.2
327
3
'57.1
59.4
Ul. 7
853.1
41.7
42.8
45.6
48.4
50.7
50.4
50.9
55.1
57.2
57.0
55.5
57.2
62.1
72.7
17.3
8.8
106.2
.408
55.5
17.1
8.0
93.2
.352
46.5
16.8
8.5
6.9
346
3.5
16.8
8.5
7.2
.360
3.7
16.8
8.4
28.2
.328
24.1
17.0
8.4
7.8
.392
3.9
16.9
8.3
8.1
.403
4.0
17.1
8.4
210.5
.421
25.2
17.1
8.3
8.4
.418
4.1
17.1
8.0
29.4
.378
24.4
17.1
7.9
8.7
.435
4.0
17.2
7.9
8.6
.428
3.9
17.1
7.9
210.8
.431
25.0
17.1
7.9
'8.5
••3.9
17.0
7.9
8.7
.435
4.0
356
258
19
COTTON MANUFACTURES
Spindle activity (cotton system spindles):
Active spindles, last working day, total
mil..
C onsum ing 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. lin. y d _ _
Orders, unfilled, end of period, as compared with
Inventories, end of period, as compared with
avg. weekly production
No. weeks' prod..
Ratio of stocks to unfilled orders (at cotton
mills), end of period
Exports, rawcotton equiv thous. net-weight0bales
7.9
25.0
1,164
4,714
4,095
313.8
312.3
10.8
11.6
15.2
12.3
13.3
12.8
12.5
15.9
13.3
12.9
14.0
14.6
13.6
33.9
35.9
5.7
5.6
6.7
5.2
5.3
4.8
4.9
5.5
5.0
4.8
4.6
4.6
4.1
3 .30
531.5
568.4
3.50
488.3
487.1
.53
45.6
22.9
.48
37.5
29.8
.44
34.3
32.7
.42
38.1
40.6
.40
41.0
43.9
.38
49.8
63.9
.40
41.6
69.5
.34
39.9
77.5
.38
42.8
75.7
.37
41.6
60.9
.32
54.6
76.1
.31
48.0
69.6
.30
41.1
57.9
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. total
.mil. lb__ 8,085.3
533.4
Filament yarn (rayon and acetate)
do
645.4
Noncellulosic, except textile glass:
Yarn and monofilaments
do
,443.0
2,780.6
Staple incl tow
do
682.9
Textile glass
fiber
do
Fiber stocks, producers', end of period:
57.5
Filament yarn (rayon and acetate)
mil. lb_.
73.9
Staple incl tow (rayon)
do
Noncellulosic fiber, except textile glass:
392.3
Yarn and monofilaments
do
321.3
98.1
Textile glass
fiber
do
Prices, manmade fibers, f.o.b. producing plant:
.61
1.18
Yarn: Rayon (viscose), 150 denier
do
Acrylic (spun), knitting 2/20, 3-6D....do— . 1.32
Manmade fiber broadwoven gray goods ratio:
r .426
3.20
979
7,167.3
366.1
370.9
1,695.7
101.7
80.2
3,208. 9
2, 676. 4
545.0
1 051
6
87.0
105.8
682.7
132.0
a o-i o
116.6
781 5
605.4
126. 9
923.4
791.6
141.0
925.8
854.8
154.7
896.7
853.1
159.9
618.6
51.2
34.0
55.3
619.8
44 9
5280.6
232.1
101.1
255 5
233.0
102 4
::::
::::
«20.4
50.7
359.1
293.9
95.2
280.6
232.1
101 1
266.9
220.2
05 i
__ _
618.6
51.2
.59
.58
.56
.56
.56
.58
.58
.58
U.28
1.24
1.27
1.27
1.26
1.36
1.40
1.40
3.33
.37
.33
.30
.30
.28
.23
.24
Manmade fiber and silk broadwoven fabrics:
Production (qtrlv.), total 9
mil. lin. yd_. 5,923.3 5, 296. 2
1,962.7 1, 688. 2
Filament yarn (10090 fabrics 9
-do
431.5
325.7
Chiefly rayon and/or acetate fabrics
do
346.0
279.0
Chiefly nylon fabrics
do
Spun yarn (100%) fab., exc. blanketing 9-do.-. 3,308.8 3, 054. 0
172.5
294.5
Rayon and/or acetate fabrics, blends
do —
2,381.2 2, 373. 4
Filament and spun yarn fabrics (combinations
257.1
329.8
Manmade fiber manufactures:
323. 73
Exports, manmade fiber equivalent
mil. lbs_ 390. 73
188. 43
Yarn, tops, thread, cloth
...do. 224.11
142. 89
Cloth, woven
_
do.. 150. 34
135. 30
Manufactured prods., apparel, furnishings.- do. 166. 63
401. 70
Imports, manmade fiber equivalent..
...do. 371. 25
70.62
76.22
Yarn, tops, thread, cloth
do.
55.41
55.71
Cloth, woven
do.
331. 08
Manufactured prods., apparel, furnishings ._ do. _ 295. 03
289. 00
Apparel, total
.do.. 252. 00
194. 89
Knit apparel
_
do__ 175. 34
:::::::
1,278.8
410.5
90.7
76.8
736.5
38.8
569 3
.28
.27
27.22
32.09
26.13
28.55
15.77
18.54
15.44
16.92
10.99
10.95
13 65
12.50
11.45
13.55
10.69
11.64
33.81 ••36.38 r 29. 56 *• 36. 71
6.82
5.57
6.52
7.28
4.43
5.05
5.66
5.24
r 23. 98 «• 29. 89
27.29 •• 29. 10
23.00 r 24. 27 r 20. 46 r 25. 68
12.9^
15.31
14.24
15.57
29 11
16.54
12.52
12.58
35.57
6.80
5.33
28.77
24.48
14.80
.25
.26
.27
1, 522. 6
462.0
82.7
63.2
894.9
51.9
704 8
1,369.3
408.5
76.6
65.9
806.8
43.1
637 9
54.0
.58
83.0
70 3
27.85
14.88
11.89
12.97
30.03
5.30
3.98
24.73
21.17
14.44
25.73
14.40
11.25
11.33
35.69
5.01
3.84
30.68
27.38
18.47
24.67
14.01
10.80
10.66
40.32
5.92
4.61
34.40
30.70
21.35
27.07
16.07
12.00
11.00
37.93
5.69
4.78
32.24
28.81
19.83
29.20
17.03
12.87
12.17
37.97
5.74
4.31
32.23
28.79
19.70
32.31
18.70
14.89
13.61
41.04
6.65
5.23
34.39
31.17
20.51
28.62
16.37
12.57
12.24
35.15
6.90
5.47
28.25
24.50
16.59
7.7
1.1
2.2
1.3
7.6
1.0
2.9
1.9
28.1
21.2
8.1
1.7
2 4
1.0
81
1.3
2.9
1.3
210.3
7.8
1.3
4.0
1.9
150.6
219.6
155.6
209.0
172.5
198.5
172.5
197.3
30.14
17.35
11.85
12.79
38.84
6.23
4.74
32.61 -----28.66
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis) :
Apparel class
mil Ib
Carpet class
do
Wool imports clean yield
do
Duty-free (carpet class)
do
Wool prices, raw, shorn, clean basis, delivered to
U.S. mills: d1
Domestic— Graded territory, 64's, staple 2%"
and up
cents per Ib
Australian 64's Type 62 duty-paid
do
Wool broadwoven goods, exc. felts:
Production (qtrly )
mil lin yd
74.9
18.6
26.9
15.2
94.1
15.9
33.6
17.
176.0
242.
150.
205.
81.
78.
939.
834.
2.4
1.5
153.
206.
19
171.
204.
20 4
21.5
4.9
2.5
172.
206.
29.3
21.3
4 4
1.5
177.
205.
89
1.2
5.8
1.2
8.7
1.2
5.3
1.2
r 2 12. 0
r 2 1.4
9.1
8.8
5.6
2.
5.1
1.7
4'. 7
1.3
177.5
205.
177.5
206.0
173.5
176.2
177.5
212.4
177.5
213.5
21
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other), shipments, quarterly
mil. sq.vds.
r
. 212.
2
3
Revised.
1 Season average.
For 5 weeks; ether months, 4 weeks.
Monthly
B
average.
< Less than 500 bales.
Beginning 1st qtr. 1975, quarterly data omit production and stocks of saran and spandex yarn; for 1974 and 1975, such production (included in
7
annual data) totaled 11.9 and 11.7 mil. Ibs.
6 Acetate only.
For 11 months.
s Season average to Apr. 1,1976.
221.
221.
223.8
9 Includes data not shown separately.
(D Net-weight (480-lb.) bales.
d" Effective Jan. 1976, specifications for the price formerly designated fine good French
combing and staple have been changed as shown above. Effective with the May 1976 SURVEY
c
the foreign wool price is quoted including duty.
Corrected
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown
in the 1975 edition of BUSINESS STATISTICS
1975
1975
1974
July 1976
Annual
May
June
July
Aug.
1976
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
17 654
20 811
19 022
20 003
1,396 r 1, 453
1,024 r 1, 020
8,831 ' 10, 224
1,056 r 1, 321
2,736 r 2, 853
1,246
1,055
9,641
1,117
1,358
1,171
9,113
1,135
June
TEXTILE PRODUCTS—Continued
APPAREL
Hosiery shipments
thous. doz. pairs
Men's apparel cuttings:
Suitst
thous. units
Coats (separate), dress and sportj do
Troupers (separate) dress and sport t
do
Slacks (leans-cut), casual J
thous. doz
Shirts dress, sport, inc. knit outerwear! _ _ do _
217 905
225 514
17 022
21 297
20 154
22 844
20 347
21 806
19 070
16 853
17 790
1
16, 754
1
19, 098
1
158, 284
1
12, 294
1
14, 380
10, 599
92, 685
12, 343
28, 113
1,200
982
7 147
993
2,295
1,199
876
7,229
1, 045
2,253
894
734
6 605
818
1,891
1 315
745
8 171
926
2,466
1 211
776
8 975
1,039
2,490
1 489
1,0?
9 196
1 212
2,962
1 364
816
8 009
1,088
2,561
1,227
875
6,667
968
2,149
1,478
1,052
9,567
1,017
2,629
36, 437
2,823
2,686
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (not), qtrly. total
mil. $
11 S Government
do
Prime contract do
Sale* (net), reci'ipts, or billings, qtrly, total- -do...
TT.S. (iovernment___
_
-do
32, 704
19 390
30, 239
?6. 849
15, 196
r
r
28,632
18,415
' 26,314
' 29,151
' 17,139
5,655
3,472
5 002
7,325
4,149
8,488
5,713
7,749
7,516
4,771
Backlog of orders, end of period?
do....
(1 ,S. Government
do _
Aircrnft (complete) and parts
do
Enpines (aircraft) and parts
do _.
j
Missiles, spac< vehicle systems, engines, propul
sion units, and pnrts -mil $
Other related operations (conversions, modifications), products, services
mil. $
35,516
20, «89
15, 489
3, 902
' 34,997
r 22,165
r 15,389
' 3,583
33,497
20,280
13, 990
3,744
34,469
21,222
14,171
3,876
6,643 r 6,337
6,041
6,491
' 6, 337
6,077
3,591
3,760
3,956
r
3,965
Aircrnft (complete):
Shipments ....
Alrframe weight
Exports, commercial _
_
do
thous. Ib
mil. $
4,976
65, 573
3,360
' 4,048
5,436
3,520
5,014
7,284
4,302
'7,959
'5 34S
'7,553
'7,431
'4,405
' 34,997
22,165
' 15,389
' 3, 583
33, 149
21,383
14, 715
3,278
r
4, 048
437.2 ' 507. 5
4,780 r 5, 294
213.9
258.8
527.5
5,589
321.9
5,062
60, 480
3, 200
496.6
6,151
319.5
529.6
6,071
352.9
415.4
4,689
190.7
336.4
4,318
210.4
291.2
3,379
237.6
430.7
4,966
316.3
301.2
3.677
177.7
456.2
5,512
224.7
264.5
3,162
160.1
306.1
3,926
229.0
10, 059
9,191
7,331
6,721
2,727
2,470
8,985
8,076
6,713
6,073
2,272
2,003
807.2
721.4
612.6
555.2
194.6
166.2
840.9
753.7
632.1
571.3
208.8
182.3
681.7
624.1
504.5
466.5
177.2
157.7
662.7
606.7
484.6
447.9
178.2
158.8
896.7
812.9
667.5
605.7
229.1
207.2
981.8
885.1
745.6
673.4
236.1
211.6
801.7
714.0
605. 9
533.4
195.8
175.6
772.9
698.9
579.5
528.2
193.4
170.6
855. 9
797.9
647.4
606.1
208.6
191.8
914.2 1,110.4 1, 057. 2 1, 042. 8 1, 159. 0
844.2 1,020.1 968.4 954.1
682.0 834.5 789.0 775.6 2 855. 0
724.4 711.0
630.1 767.9
232.2 275.8 268.2 267.2 2304.0
243.1
214.0 252.1 244.0
8,867
7,454
1,413
8,640
7,053
1,587
741
603
138
8.0
6.4
1.6
770
619
151
8.3
6.6
1.7
794
637
157
9.3
7.6
1.7
684
534
150
'9.4
'7.7
1.7
726
591
136
'9.0
'7.5
1.6
889
774
115
'9.1
'7.6
1.5
744
655
89
'8.8
'7.6
1.2
701
600
102
9.4
8.0
1.4
679
588
91
9.6
8.4
1.2
1,419
1, 508
1,584
1,437
1,602
1,444
1
MOTOR VEHICLES
Factory sales (from plants in US.), total
Domestic
Passenger cars, total
Domestic
Trucks and buses, total
Domestic
- _ _ _ .
thous..
do
do do
do
.do
Retail sales, new passenger cars:
Total, not seasonally adjusted
thous.
Domestics A
do
ImportsA
do
Total, seasonally adjusted at annual r a t e f _ _ _ m i l _ .
DomesticsAt
-do
ImportsAt
do
922
794
128
10.2
'8.6
1.6
956
830
127
10.0
8.7
1.3
1,587
1,609
1,608
1, 466
1,520 1,567
1, 436
1,443
1,484
1,419
1, 513
' 1, 447 ' 1, 589 ' 1, 608 ' 1, 589 ' 1, 530 '1,508 ' 1, 486 ' 1, 472 ' 1, 475 ' 1, 491 ' 1, 467
1,660
1,501
2.1
758
651
107
10.2
'8.8
1.4
947
816
131
'10.8
'9.4
1.4
914
788
126
10.3
8.9
1.4
Retail inventories, new cars (domestics), end of
period :A
Not seasonally adlu^ted
thous..
Seasonally adjustedf
do
1,672
1,755
[nventory-sales ratio, new cars (domestics) At
ratio..
2.6
2.6
2.7
2.6
2.3
2.5
'2.6
2.5
2.4
2.3
2.1
2.0
'1.9
2.0
2.0
thous
do
do.-.
600. 90
516. 59
214. 44
640. 30
550. 81
223. 47
58.20
52.23
22.44
56.70
50.72
23.04
40.37
35.46
19.93
36.22
33.35
17.99
53.60
49.61
14.85
64.69
54.72
18.44
74.21
64.90
15.29
59.49
43.95
20.27
45.45
35.38
15.42
51.87
44.32
15.84
65.01
54.84
17.22
69.02
61.42
20.02
70.13
62.48
18.54
do .do
do
2, 572. 6
817.6
660.1
2, 074. 7
733.8
466.3
178.88
72. 05
37.14
177. 15
64.96
41.04
176. 78
46.02
32.43
168.89
47.53
33.71
139. 41
56.16
32.95
177. 92
74.01
40.54
179. 64
66.41
38.70
215. 93
61.93
58.65
242. 63
62.15
69.24
197. 78 250. 65
70.05 74.70
60.12 80.05
252. 62
85.21
80.04
221. 88
77.01
70.65
Truck trailers and chassis, complete (excludes
detachables), shipments
number
Vans
do
Trailer bodies (detachable), sold separately. .do
Trailer chassis (detachable), sold separately. .do
207,883
137,479
i 16, 359
14, 922
73,063
39, 774
18,072
2,936
6,869
3,378
633
183
5,818
2,610
910
121
5,671
2,842
204
16
5,261
2,631
451
49
5,616
3,137
397
78
7,680
4,489
960
112
4,904
2,719
967
181
5,725
3,503
1,020
161
5,220
3,129
436
25
8,105 ' 8, 694
4,704 ' 5, 532
1,071
837
32
214
8,682
5,156
907
298
7,944
4,661
520
233
Exports (Bureau of the Census):
Passenger cars (new), assembled
To Canada
_.
_.
Trucks and buses (new), assembled
Imports (Bureau of the Census):
Passenger cars (new), complete units
From Canada total
Trucks and buses
Registrations (new vehicles):©
Passenger cars
Imports. Inch domestically sponsored
Trucks
thous
do...
do
14
8, 701
14
1,369
1*2,657
r
4
8, 262
* 1, 501
2, 397
4
4
4
4
656. 8
130. 8
197. 2
4
4
4
735. 6
137. 4
215. 7
4
4
4
764. 9
144. 7
222. 2
4
4
4
735. 8
150. 4
214. 9
4
4
799. 2
120. 8
236. 3
632. 6
80. 7
4
191. 4
4
4
4
5,521
4,854
815
815
49, 612
41, 525
6,657
5,853
7,405
7,005
48, 540
40, 857
5,757
5,022
3,014
3,014
45, 741
38, 793
7,426
6,388
4,049
4,049
40,135
34, 025
5,102
4,429
4,275
1,525
39,172
30,985
1,362
8.2
98.70
72.47
1,357
8.5
98.53
72.59
1,358
8.6
98.81
72.77
1,359
8.6
99.09
72.89
1,364
8.7
99.43
72.91
4
4
4
738. 9
143. 6
219. 5
4
4
4
4
820. 9
100. 7
241. 2
676. 7
89. 3
205. 0
4
634. 5 3 763. 9 3 883. 7 3 914. 0
87. 3 3 102. 4 3 130. 2 a 117. 8
194. 6 3233.3 3 271. 0 3 276. 8
4
4
4
4
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all railroads
and private car lines (excludes rebuilt cars and
cars for export) :
Shipments
number i 67, 038
Equipment manufacturers
do
i 63, 243
New orders
do
i 97, 929
Equipment manufacturers
do._
* 85, 276
Unfilled orders, end of period
do
90, 216
Equipment manufacturers
do
79,009
Freight cars (revenue), class 1 railroads (AAR):§
Number owned, end of period
thous
Held for repair*. % Of total owned
Capacity (carrying), total, end of mo. .mil. tons.
Average per car
tons
1,375
6.4
98.32
71.49
72, 367
65, 845
33,484
32, 259
40, 135
34, 025
5,975
5, 434
1. 813
1,813
68, 007
58, 333
6,741
6,275
631
631
60, 890
51, 682
1,359
8.6
99.09
72.89
1,366
7.5
98.36
72.02
1,363
7.6
98.32
72.15
5,116
4,782
4,545
4,074
2,498 5 2, 220
1,373
2,520
58, 239 54, 662
48, 477 45, 908
1,360
7.8
98.58
72.49
2
' Revised.
1 Annual total includes revisions not distributed by months.
Estimate
4
6
of production, not factory sales.
3 Excludes 2 States.
Excludes 1 State.
Reflects
cancellation of cars previously ordered.
{Annual figures ("Apparel 1974." M23A74):
Survey was expanded and classifications changed; not comparable with data prior to 1973.
9 Total includes backlog for nonrelated products and services and basic research.
1,363
8.0
98.68
72.40
5,118 4,765
4,787 5,555
4,401 4,144
4,069 4,819
1,262
1,782
1,587
1,867
1,262
1,666 1,782
1,587
35,817 32, 161 28, 794 25, 247
28,348 25, 227 22, 577 19, 695
1,362
8.7
99.65
73.14
1,351
8.5
98.98
73.28
1,347
8.5
98.87
73.38
1,344
8.4
98.85
73.54
1,343
8.5
t Revised seasonally adjusted data (1971-74) are shown on p. 5 of the Mar. 1976 SURVEY.
ADomestics include U.S.-type cars produced in the United States and Canada; imports
cover foreign-type cars and captive imports, and exclude domestics produced in Canada.
OCourtesy of R. L. Polk & Co.; republicaticn prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
U. S. GOVERNMENT PRINTING OFFICE : 1976 O - 215-400
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
1-7
8, 9
10,11
H-13
Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communication
13-17
17-22
22-24
24-25
Industry:
Chemicals and allied products
Electric power and gas.
Food and kindred products; tobacco. . .
Leather and products
25, 26
26
27-30
30
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
31-34
34-36
36,37
Rubber and rubber products
Stone, clay, and glass products
Textile products..
Transportation equipment
37
38
38-40
40
Earnings, weekly and hourly
15,16
Eating and drinking places
12,13
Eggs and poultry
3,8,9,29
Electric power
5,9,26
Electrical machinery and equipment
4,6,
7,9,14,15,20,23,24,34
Employment estimates
14
Expenditures, U.S. Government
13,19
Explosives
26
Exports (see also individual commodities).... 1, 3,22-24
Failures, industrial and commercial
7
Farm income, marketings, and prices
2,3,8,9
Farm wages
16
Fats and oils
9,23,29,30
Federal Government
finance
19
Federal Reserve banks, condition of
17
Federal Reserve member banks
17
Fertilizers
9,25
Fire losses
11
Fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products
1,4,6,8,9,14-16,20,22,23,27-30
Foreclosures, real estate
11
Foreign trade (see also individual commod.)
22-24
Foundry equipment
34
Freight cars (equipment)
40
Fruits and vegetables
8,9
Fuel oil
35,36
Fuels
4,8,9,23,34-36
Furnaces
34
Furniture
4,9,12-15
INDIVIDUAL SERIES
Advertising
11,16
Aerospace vehicles
40
Agricultural loans
17
Air carrier operations
24
Air conditioners (room)
34
Aircraft and parts
7,40
Alcohol, denatured and ethyl
26
Alcoholic beverages
11,27
Aluminum
33
Apparel
1,4,8,9,11-16,40
Asphalt
:... 35,36
Automobiles, etc
1,4, 5, 6,8,9,11,12,20,23,24.40
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross national product, price deflators
Gross private domestic investment
Gypsum and products
3
Balance of international payments
17,18
Banking
27
Barley
34
Battery shipments
28
Beef and veal
Beverages
9,11, 22f 23,27
5-7
Blast furnaces, steel mills
20,21
Bonds, outstanding, issued, prices, sales, yields
33
Brass and bronze
38
Brick
4,6,
Building and construction materials... .
7,11 ,31,38
10,11
Building costs
10
Building permits
7
Business incorporations (new), failures
5
Business sales and inventories
27
Butter
Hardware stores
12
Heating equipment
9,34
Hides and skins
9,30
Highways and roads
10,11
Hogs.,
28
Home electronic equipment
9
Home Loan banks, outstanding advances
11
Home mortgages
11
Hosiery
40
Hotels and motor-hotels
25
Hours, average weekly
15
Housefurnishings
1,4,8,11,12
Household appliances, radios, and television sets.
4,
8,9,12,34
Housing starts and permits
10
28
Cattle and calves
Cement and concrete products
9, 11,38
9
Cereal and bakery products
13
Chain-store sales, firms with 11 or more stores. . .
27
Cheese
Chemicals
5,6,9,14-16, 20,23, 25,26
30
Cigarettes and cigars
9,38
Clay products
Coal
5,9,23, 34,35
Cocoa
23,29
Coffee
23,29
35
Coke
34
Combustion, atmosphere, heating equipment
Communication
2, 20,25
Confectionery, sales
29
Construction:
10
Contracts
10,11
Costs
Employment, unemployment, hours, earnings. . 13-16
1
Fixed investment, structures.
Highways and roads
10,11
Housing starts
10
11
Materials output indexes
10
New construction put in place
Consumer credit
18
1
Consumer expenditures
Consumer goods output, index
4
Consumer price index
8
Copper
33
Corn
27
Cost of living (see Consumer price index)
8
Cotton, raw and manufactures
8,9,22, 38,39
Cottonseed oil
30
Credit, short- and intermediate-term
18
Crops
3, 8,27, 28,, 30,38
Crude oil
5,35
Currency in circulation
20
Dairy products
Debits, bank
Debt, U.S. Government. .
Deflators, GNP
Department stores
Deposits, bank
Dishwashers
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3,8,9,27
17
19
2
12,13
17,20
34
16
27
2, 3, 20, 21
12,13
4,9,26
1,35
38
26
19
8,9,22,27,28
12,13
1
2
1
9,38
Imports (see also individual commodities)... 1,3,23,24
Income, personal
2, 3
Income and employment tax receipts
19
Industrial production indexes:
By industry
4, 5
By market grouping
4
Installment credit
13,18
Instruments and related products
5, 6,14,15
Insurance, life
19
Interest and money rates
18
Inventories, manufacturers* and trade
5-7,11,12
Inventory-sales ratios
5
Iron and steel
5, 9,11, 20, 23,31,32
Labor advertising index, stoppages, turnover
16
Labor force
13
Lamb and mutton
28
Lead
33
Leather and products
4,9,14-16, 30
Life insurance
19
Livestock
3,8,9, 28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit)
11,17,18,20
Lubricants
35,36
Lumber and products
4,9,11,12,14,15, 20,31
Machine tools
34
Machinery
4, 6, 7, 9,14,15,20,23, 24, 34
Mail order houses, sales
12
Man-hours, aggregate, and indexes
15
Manmade fibers and manufactures
9, 39
Manufacturers' sales (or shipments), inventories,
orders
5-7
Manufacturing employment, unemployment, production workers, hours, man-hours, earnings. . . 14-16
Manufacturing production indexes
4, 5
Margarine
29
Meat animals and meats
3, 8, 9,22, 23, 28, 29
Medical and personal care
8
Metals
4-7,9,14,15,20,22,23,31-33
Milk
27
Mining and minerals. .
2, 4, 5, 9,14-16, 20
Monetary statistics
19, 20
Money supply
20
Mortgage applications, loans, rates
11*17,18,1^
Motor carriers
24
Motor vehicles.
1,4,5,6,8, 9,11,20,23,40
Motors and generators
34
National defense expenditures
1,19
National income and product
1,2
National parks, visits
25
Newsprint
23,37
New York Stock Exchange, selected data
21,22
Nonferrous metals
5,6, 7,9, 20,23,33
Noninstallraent credit
18
Oats
Oils and fats
Orders, new and unfilled, manufactures*
Ordnance
„
27
9,23,29,30
7
14,15
Paint and paint materials
Paper and products and pulp
9,26
4,6,
9,14-16,20,23,36,37
Parity ratio
8
Passenger cars
1,4, 5, 6,8,9,11,12,20,23,24,40
Passports issued
25
Personal consumption expenditures
1
Personal income
2, 3
Personal outlays
2
Petroleum and products
4,6,
8,9,14,15,20,23,35,36
Pig iron
31, 32
Plant and equipment expenditures
2
Plastics and resin materials
26
Population
13
Pork
;; 28,29
Poultry and eggs
3,8,9,29
Price deflators, implicit, GNP
2
Prices (see also individual commodities)
8,9
Printing and publishing
4f 14-16
Private sector employment, hours, earnings
13-16
Profits, corporate
2,20
Public utilities
2,4,10,20, 21,26
Pulp and pulpwood
36
Purchasing power of the dollar
9
Radio and television
4,11,34
Railroads
2, 16, 17, 21, 24, 25, 40
Ranges
34
Rayon and acetate
39
Real estate
11,17,19
Receipts, U.S. Government.
19
Recreation
8
Refrigerators
34
Registrations (new vehicles)
40
Rent (housing)
8
Retail trade
5,7,12-16,18
Rice
28
Rubber and products (inch plastics)
5,6,
9,14-16,23,37
2
Saving, personal
17
Savings deposits
20
Securities issued
20-22
Security markets
Services
1,8, 14-16
28
Sheep and lambs
Shoes and other footwear
9, 12,30
Silver
19
30
Soybean cake and meal and oil
39
Spindle activity, cotton
Steel (raw) and steel manufactures
23, ,31,32
31
Steel scrap
20
Stock market customer financing. . . »
21,22
Stock prices, earnings, sales, etc
Stone, clay, glass products
4-6,9,14,15, 20,38
Sugar
23,29
25
Sulfur
25
Sulfuric acid
25
Superphosphate
29
Tea imports
25
Telephone and telegraph carriers
Television and radio
4, ,11,34
Textiles and products
4,6,9,14-16,20, 23, 38-40
33
Tin
Tires and inner tubes
. 9,12, 13,37
Tobacco and manufactures
4,6, 8,14, , 15, 30
34
Tractors
Trade (retail and wholesale)
5,11,12, ,14-16
24
Transit lines, local
Transportation.
1,2,8,14-16,20-22, 24,25
Transportation equipment
5,6, 7,14,15, ,20,40
24,25
Travel
40
Truck trailers
34,40
Trucks (industrial and other)
Unemployment and insurance
U.S. Government bonds
U.S. Government
Utilities
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Veterans* benefits
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat flour
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures.
Zinc.
13,17
17-21
finance.
19
2,4, 8,10,21,22,26
34
12,13
23,29,30
8,9
17
15,16
34
34
28
8,9
••
5,7,11 ,14-16
36
9,39
33
UNITED
GOVERNF
G OFFICE
WASHINGTC
O F F I C I A L Bi
Now Available
1975 Biennial Edition
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SURVEY OF CURRENT BUSINESS, get
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