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JUtY 1982 / VOLUME 62 NUMBER

;, ; •

•
^:>':i^''^J'^.^'-:<':: ^': ••"/:••

;

• - . . CONTENTS

^':^:^,''>>'f*\-i'/'/:: : -:--: : : ; V---'- > .''' ; THE-BUSINESS SITUATION- - i
The U.S. National Income and Product Accounts:
s'V'f,', * V' • " ^ " / .',, V • :" .\ '' ' .'
\ -'''-.
Revised Estimates" ;
V-V-\;V-'Y;:'^-•'', - ; / \ - ' V ' ' ' V - - . ' " ; ' ; : ' ' • '
* 1977-81.
•
V\"- . . '••' V--''."
. ' , , ,~• • •'- '
* First Quarter , 4 ,
;

National Income and Product Accounts Tables
\
..-•'

'

\

, ,,

1, National Product und Income 22
2. Personal Income and Outlays 37
3. GoVernment Receipts and Expenditures 47
- '
.'-'','
. , - , , - ' 4. Foreign Transactions '65 '
5. Saving and Investment 69
6. Product^ Income, and Employment by Industry 78
7. Implicit Price Deflators and Price Indexes 99
8. Supplementary Tables 116
9* Seasonally Unadjusted Estimates 127
Errata; National Income and
Product Accounts, 1929-76 13O

Errata: tJ»S« International Transactions,
First Quarter 1982 136
State Personal Income S36

Robert G. Dederlck /
for Economic Affairs

'."'" George Jaszi /;
Aliafi H. Young I Deputy Director
Carol §» €a*so» /Editor-in-Chief, ' ••""- ~ "'' • ' ; ^
, Survey of Current Business
; , ;-','• V •,''.•;• :
, ' •- Manuscript Editor : Dannelet A* Grosvenor
" \ Managing Editor:P£Mi A. Trujillo , ".- "•:• :•"-, ' ; -,
Stuff < C&titribitt&rs to '."FhiB 'Issue: Rcibert lii Browiir Carol
-S. Carson, Bavid W, Cartwright^ -JE^witt J,'CoIemaHr Doiiglas „
_ &* Fox4 'George; J^s«i?', Eric;; K* Johiisoni, Robert p. vPairkjferf ',
, National "iwe0tae,a«'ii -Wealtli Division '• ' -'•/ ' ;- '•"-'-'"• '? /

SURVEY OF CURRENT B0S|NES§, Jhiblished mo»iWf by^'the
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CUEREMT BUSINESS
•, ' .'.'/ \ - •
• General

'SI'

• /•;._.- ' / - ': _, j,V.\' '-' - ,\ - ' - • ' ; ' " < " : ' -; ' '- :•-- " •': " •
Footnotes , -S33"
. • - . - - ; : : / / ' . . " ' V ; ' , ' -: ," ;'-, : ',^-"';.:/"- - ' - ' • ' Subject Index (Inside Back Cover)

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* ' "

the BUSINESS SITUATION
REAL GNP increased 1% percent at
an annual rate in the second quarter.1
According to revised estimates presented later in this issue, real GNP
had peaked in the third quarter of
1981, and then dropped 5-5% percent
in both the fourth quarter of 1981 and
first quarter of 1982 (table 1). The following are highlights of this contraction and the second-quarter increase
in terms of personal income, GNP
prices, and the components of real
GNP.

lie a larger increase in personal
income in the second quarter than in
the two preceding quarters.
The impact of legislation on personal taxes helped insulate disposable
personal income from the weakness in
personal income. The impacts included a $15 billion cut in withheld
income taxes under the Economic Recovery Tax Act of 1981 (ERTA) effective October 1, rate reductions on
nonwithheld income taxes amounting
to $4 billion effective January 1, and
various exclusions introduced in the
and second quarters under ERTA
• Personal income, and also real first
and
the
Oil Windfall Profit Tax
disposable personal income, did better Act of Crude
1980.
(A further cut under
in the second quarter than in the two
ERTA,
amounting
to roughly $25 bilpreceding quarters.
lion, became effective July 1.)
Reflecting these income and tax dePrivate wage and salary disburse- velopments and also PCE prices, real
ments, which were severely depressed disposable personal income registered
by declines in production, increased a better performance in the second
more in the second quarter than in quarter—a 3-percent annual rate inthe first (table 2). Proprietors' income crease—than in the fourth and first
declined less in the second quarter quarters, when it increased 1 percent
than in both the first and fourth and declined 2 percent, respectively.
quarters. These production-related developments, in combination with
• GNP price increases slowed sublarger increases in personal interest
stantially
from the fourth quarter of
income and transfer payments, under1981 to the first quarter of 1982, and
then slightly from the first quarter to
1. The second-quarter GNP estimates are based on the second, as measured by the fixedthe following major data sources. For personal con- weighted price index.

sumption expenditures (PCE), retail sales and unit
auto and truck sales through June; for nonresidential
fixed investment, the same information for autos and
trucks as for PCE, April and May construction put in
place, and April and May manufacturers' shipments
of equipment; for residential investment, April and
May construction put in place, and April and May
housing starts; for change in business inventories,
April and May book values for manufacturing and
trade, and unit auto inventories through June; for netexports of goods and services, April and May merchandise trade, and fragmentary information on investment income for the quarter; for government purchases of goods and services, Federal unified budget
outlays for April and May, State and local construction put in place for April and May, and State and
local employment through June; and for GNP prices,
the Consumer Price Index for April and May, the Producer Price Index for April and May, and unit value
indexes for exports and imports for April and May.
Some of the source data are subject to revision.
Quarterly estimates in the national income and
product accounts are expressed at seasonally adjusted
annual rates, and quarterly changes in them are differences between these rates.




The increase in GNP prices slowed
from an annual rate of 8% percent in
the fourth quarter (including a little
over 1 percentage point for the effect
of the Federal pay raise) to 5 percent
in the first quarter and 4% percent in
the second (table 3). The slowing was
evident in the prices of fixed investment goods and of government purchases as well as in the prices of personal
consumption expenditures
(PCE), which have a weight in GNP
prices of almost two-thirds. Within
PCE, energy prices declined in the
first and second quarters, largely due
to gasoline prices, and increases in
prices of expenditures on other than

food and energy dropped to 6-6% percent from 9 percent in the fourth
quarter.
Table 1.—Real GNP: Change From Preceding
Quarter
[Percent change at annual rates; based on billions of 1972
dollars, seasonally adjusted at annual rates]

1982

1981

—5.3

GNP
Final sales

... . . .

Personal consumption expenditures
Durables
Motor vehicles and parts ....
Furniture and household
equipment
Other durables
Nondurables
Food
Energy1
; .
Clothing and shoes
Other nondurables
Services
Energy2
Other services
Gross private domestic fixed investment . . . ..
Nonresidential..
.......
Structures
. . ..
Producers' durable equipment
Autos trucks and buses
Other
Residential

II

I

IV

-2.3

—5.1

1.7

.2

.7

-3.3

2.4

3.0

-20.9
-36.9

10.5
45.3

4.4

-6.4
-15.2

-12.0

7.7

.1
2.5
-7.8

-.5
23
0
3.2
-2

-5.0

.6
5.9
-17

-25.3

6.9
-1.0

-.7
1.4
3.9
-90

.7

5.1
3.9
4.9
14.4

4.4
-2.9

29

1.9

6.5
2.7

10.5

2.7

-6.0

-6.3

-5.0

-8.5

1.5
-7.7

-9.7

1.5
-12.8

3.1

Net exports of goods and services
Exports
Merchandise
Agricultural
...
Nonagricultural
Other
Imports
Merchandise
Petroleum
Nonpetroleum
Other
Government purchases of goods
and services
Federal
National defense
Nondefense
Commodity
Credit Corporation3
Other
State and local

24
2.7
530
71
-8.3

-127
-15.3
_9
18 9
—9.2

1.6
-7.4
11.4

122
14.0

60

175

19.0
20.1

-30.1
—44.2
-28.9

176

176

3.4
251

7.0

—29

-63

20.4
10.1

436

-5.4
-8.1
_ 9

-4.3

-4.8

5.4

-.8

_ g

72

_ g
-48.9

-16.4

7.2
-492
-4.3

.2

Change in business inventories
1. Gasoline and oil, and fuel oil and coal.
2. Electricity and gas.
3. Estimates, in billions of 1972 dollars, for the third quarter
of 1981 through the second quarter of 1982 were: 1.9, 5.7, 6.1,
and 0.2.
NOTE.—Most dollar levels are found in the National Income
and Product Accounts Tables, table 1.2.

July

SURVEY OF CURRENT BUSINESS
• Personal consumption expenditures declined in the fourth quarter,
and increased moderately in the first
and second quarters.
The fourth-quarter decline in PCE
was largely accounted for by motor
vehicles, as was the first-quarter increase. In the first quarter, auto manufacturers introduced cash rebates to
boost sales; sales were maintained in
the second quarter by offers of extended warranties and interest rate
subsidies to purchasers. With motor
vehicle sales flat, the second-quarter
increase in PCE was mainly in furniture and equipment, after several
quarters of decline; food; clothing and
shoes; gasoline, in part a response to
the decline in its price; and transportation services.
• Nonresidential fixed investment
weakened over the three quarters.
The weakening in nonresidential
fixed investment centered in producers' durable equipment (PDE), which
declined each quarter. In the fourth
quarter, the decline was more than
accounted for by motor vehicles; in
the first and second quarters, other
PDE declined substantially. There
were large declines in purchases of
aircraft and computers, and continued
weakening in purchases of equipment—such as agricultural machinery, construction machinery, and
mining and oil field equipment—used
in industries that have been hard hit
in recent quarters.
Increases in nonresidential structures, which had been substantial
through the third quarter of 1981, tapered in the fourth quarter and were
small in the first and second quarters.
In 1981, industrial construction and
oil and gas well drilling had been
major factors in the increases; in the
first half of 1982, these types of construction were down. In contrast,
commercial construction, which had
shown moderate increases in 1981,
was stepped up.
Although the volatility of motor vehicles and, to a lesser extent, of aircraft and computers blurs the cyclical
pattern of investment obtainable from
these estimates, they seem consistent
with the low level of business investment plans for 1982 reported in the
BE A survey of expenditures on new
plant and equipment.




• Residential investment bottomed
out in the first half of 1982, ending a
three-quarter slide.
Although the slide had ended, residential construction remained in the
doldrums in the first half of 1982. It
was as low as its troughs in the 1970
and 1974-75 recessions. A small decrease in the first quarter and a small
increase in the second were in parts
of residential investment other than
construction—commissions on the
sale of residences in the first quarter,
and additions and alterations in the
second.

Table 2.—Personal Income and Its Disposition:
Change From Preceding Quarter
[Billions of dollars; based on seasonally adjusted annual rates]

19*]2

1981

I

IV
18.9

10.4

14.2

-4.2
2.6
1.8
10.0

-3.6
.2
3.1

.3
-1.5
4.4

6.7

7.4

86

4.1

3.6

34

77

Wage and salary disbursements
Manufacturing
Other commodity-producing
Distributive
Services
Government and government

rop .
Nonfarm

11.4

8.8

12.1

Transfer payments

5.9

3.8

10.4

Other income

4.7

4.2

4.0

Personal interest income

• Change in business inventories
(CBI) showed sharp quarter-to-quarter
fluctuations, to which motor vehicle
inventories contributed significantly.

Less: Personal contributions for
social insurance
....
Personal income

•

Less: Personal tax and nontax
payments . .
Impact of legislation
Other
.....

Motor vehicle inventories, after
having contributed little to the quarter-to-quarter change in CBI in the
fourth quarter, were a major factor in
the first and second quarters (chart
1). In the first quarter, there was a
swing to sharp decumulation, as the
cash rebates helped reduce an overhang of dealer inventories. In the
second quarter, there was a swing to
moderate accumulation. This swing

12
2.6
1.4

-6.7
-1.0

-2.5
— 9

.

II

Equals:

Disposable

.9

3.6

.7

36.4

15.9

38.9

-4.9
-14.7

9.8

personal

.2
-10.5
10.7

4.1

-4.6

8.7

41.4

15.7

34.9

Less* Personal outlays

17.0

35.1

32.0

Equals' Personal saving

24.2

2.9

-19.4

Addenda: Special factors—
Cost-of-living increases in Federal transfer payments
Social security base and rate
changes (in personal contriFederal pay raise

.5

32

.3

6.2

. ...

2.4

.4

NOTE.—Most dollar levels are found in the National Income
and Product Accounts Tables, table 2.1.

Table 3.—Fixed-Weighted Price Indexes: Change From Preceding Quarter
[Percent change at annual rates; based on index numbers (1972=100) seasonally adjusted]

1982

1981 '

II
GNP

IV

III
84

89

5

I

II

85

48

46

4.6

Less: Change in business inventories
Equals: Final sales
Less" Exports
Plus: Imports

.. .

8.4

8.9

8.6

4.8

5.2
10

4.7

24
—30

4.9
6.7

-8.4

1.7
-5.0

Equals: Final sales to domestic purchasers

7.9

7.4

79

5.0

3.8

Personal consumption expenditures
Food
Energy
. . . .
Other personal consumption expenditures

7.7
3.5
85

7.6
6.5
2
95

7.1
20
65
88

4.9
7.0
46
59

30
30
144
63

8.4
7.0
104
54
85

8.9
78
75
81
65

8.5
61
75
63

46
38
52
24

11 1

4.7
44
55
26
58

36
173

62
100

22
100

66
56

30
73

93
78
86

94
88
93

96
84
95

45

48
54
58

Other '....
Nonresidential structures .
Producers' durable equipment
Residential
Government purchases

.

.. .
. . . . . .

...

11 1

....

61

Addendum: Food and energy components of GNP:2
Food components 3
Energy components

4

GNP less food components
GNP less energy components .
GNP less food and energy components

..
....

..

.

55

53

1. Index number levels for the first quarter of 1981 through the second quarter of 1982 were: 195.9, 199.9, 204.2, 208.4, 210.8,
and 213.2.
2. Inasmuch as GNP is a sum of final products, the food and energy estimates in this table do not take into account the effect
on the prices of final products of changes in the prices of the food and energy that are costs of production.
3. Consists of all components for which separate estimates are prepared. The major component that is not included is
purchases of food by the Federal Government other than transactions by the Commodity Credit Corporation that are treated like
purchases.
4. Consists of all components for which separate estimates are prepared. The major components that are not included are (1)
exports of energy, (2) the gasoline and motor oil portions of inventories of gasoline service stations, and (3) the energy portions of
inventories of businesses that do not produce energy for sale.
5. The Federal pay raise accounted for 1.2 percentage points of the increase in the index for GNP.
NOTE.—Index number levels are found in the National Income and Product Accounts Tables, table 7.2.

SURVEY OF CURRENT BUSINESS

July

1 more than accounted for the large—

Real Product:
Change From Preceding Quarter
Billion (1972)$
40 GROSS, NATIONAL: PRODUCT

30
20
10
0
-10
-20
-30
-40

10

CHANGE IN BUSINESS,

0
-10

30
20

PERSONAL CONSUMPTION
EXPENDITURES.

10

$10 billion—contribution of motor vehicle production to the change in
second-quarter GNP. Other inventories registered a sharp drop in the
rate of accumulation in the fourth
quarter, followed by liquidation, more
rapid in the second quarter than in
the first. The additions to inventories
in the fourth quarter, in combination
with a decline in business final sales,
pushed the ratio of inventories to
these sales to 3.32, up from a low of
3.19 in the first quarter and the highest the ratio had been since the mid1970's. The subsequent runoff of inventories in the first and second quarters lowered the ratio to 3.27—a value
that does not suggest an overall
imbalance.
Total CBI was the dominant component in the change in GNP in the
three quarters—it accounted for
about one-half of the decline in the
fourth quarter, and for more than the
decline in the first quarter and the increase in the second.
• Net exports, following a sharp
slide, increased slightly in the first
quarter but declined in the second.

0
-10
-20
-30

10 -; FIXED INVESTMENT .
0
-10

•TB'-"
I

Residentiaf
entiaf

-20

30
10
0

NET EXPORTS

§•1*

-10

10

GOVERNMENT PURCHASES

0
-10

Federal

J_

_L

1979
1980
1981
1982
Based on Seasonally Adjusted Rates
U.S. Department of Commerce, Bureau of Economic Analysis
82-7-1




Counter to its usual stabilizing
effect during economic weakness, net
exports declined in 1981, ending with
a sizable decline in the fourth quarter. In the first quarter, net exports
increased slightly but declined again
in the second. Except in the first
quarter, most of the fluctuations were
traceable to merchandise trade. In
that quarter, net direct investment
income declined, mainly due to lower
earnings on direct investment.
The major factor slowing the slide
in net exports was merchandise imports, which, after five consecutive
quarters of large increases, dropped
in the first quarter and was un-

changed in the second. The first-half
performance of imports appears to
have reflected the reduced level of
U.S. economic activity.
Nonagricultural merchandise exports were down sharply in each of
the three quarters, continuing a
downtrend since early 1981. Increases
in agricultural exports were offsets in
the fourth and second quarters. The
decline in nonagricultural exports,
which reflected weak economic conditions abroad and earlier appreciation
of the dollar, was widespread.
* Government purchases increased
in the fourth quarter and declined in
the first and second quarters, mainly
reflecting the purchases of the Commodity Credit Corporation (CCC).
CCC purchases continued to be the
source of large fluctuations in government purchases. They accounted for
$4 billion of the $5 billion increase in
government purchases in the fourth
quarter; in the second quarter, when
they declined $6 billion, they more
than accounted for the decline. In the
fourth quarter, a substantial addition
in CCC inventories'—which are treated as purchases—reflected the record
corn crop and low market price. After
another substantial addition in the
first quarter, little was added to CCC
inventories in the second. Caution
should be exercised when interpreting
CCC purchases, particularly when
using them to explain quarterly
changes in GNP, (See the Special
Note in the January 1982 SURVEY.)
Defense purchases, which in 1981
began to register quarterly increases,
increased about $1^ billion in the
fourth and second quarters, but were
down $1)^ billion in the first. Other
Federal purchases as well as State
and local purchases generally moved
down over the period.

4

SURVEY OF CURRENT BUSINESS

July

The U.S, National Income and Product Accounts:
Revised Estimates
• 1977-81
• First Quarter 1982

HMATES of the national income
and product accounts (NIPA's) for the
last 5 years have been revised. Revisions such as presented in this issue
of the SURVEY are usually done each
year, in July. However, this revision
is the first July revision since 1979.
The revision that would have been
done in 1980 was combined with the
comprehensive revision completed in
December of that year, and the one
that would have been done in 1981
was omitted because key source data
were not available in time.
The revisions usually presented in
July incorporate new source data and
update seasonal adjustment factors
for the monthly and quarterly series.
Table 1 shows the most important
new source data for the current-dollar
estimates and the years they affect.
Following an overview of the revisions for 1977-81 in terms of GNP
and charges against GNP, this article
will focus on the sources of the revisions for the year 1981. Revisions for

that year reflect the revisions to
levels in earlier years, largely due to
the incorporation of the source data
shown in the table, and also source
data that became available after the
close of 1981. Two methodological
changes that were introduced—one
affecting expenditures on housing
services and rental income, the other
affecting interest received and paid to
foreigners—will be described. Thereafter, the estimates will be examined to
see whether and to what extent the
revisions suggest a new view of recent
economic developments. It is found
that rates of growth of major constant-dollar aggregates and price
series are not significantly changed.
The productivity increase is higher
over the revision period, but the picture of retarded productivity growth
is unchanged. The composition of
GNP by major type of product and by
sector and legal form is slightly
clianged, as are the timing and amplitude of cyclical fluctuations. The re-

vised estimates do provide a modified
view of saving and investment. Personal saving and the personal saving
rate are substantially higher, and so
is the producers' durable equipment
component of fixed investment.
The revised estimates for the period
including the first quarter of 1977
through the first quarter of 1982, as
well as preliminary estimates for the
second quarter of 1982, are shown following this article. (The box on page 8
describes the other forms in which
the revised estimates are available.)
Estimates for earlier years can be
found in correspondingly numbered
tables in National Income and Product Accounts of the United States,
1929-76 Statistical Tables.^ Corrections to that volume, primarily affecting constant-dollar and price series
for 1973-76, for personal consumption
1. Estimates in the special supplement titled National Income and Product Accounts, 1976-79, are superseded.

ACKNOWLEDGEMENTS
Robert P. Parker, Chief of the National Income and Wealth
Division, was responsible for planning and carrying through
the annual NIPA revision/Joseph C. Wakefield, Chief of the
Government Division, directed major parts of the work for this
project. Gerald F. Donahoe, Norman E. Bakka, and M. Greg
Key were responsible for developing the computer systems for
assembling the data to produce the tables.
Carol S. Carson and George Jaszi wrote the article describing the
revisions.
BEA staff that made significant contributions to the revisions are
listed below:
Personal consumption expenditures—JAMES C. BYRNES, Clinton
P. McCully, Paul R. Lally, Daniel J. McCarron, Moses J.
Branch, Ellen B. Arroyo.
Investment—JOHN C. HINRICHS. Fixed investment—Stephen P.
Baldwin, Jeffrey W. Crawford. Inventories—Teresa L. Weadock,
John Mon, Anthony D. Eckman, Mary K. Osinalde.
Net exports—LEO M. BERNSTEIN, Phyllistine M. Barnes.
Federal government transactions—DAVID T. DOBBS. Transfer
payments and contributions—Kathleen H. Downs. Constantdollar estimates—Richard C. Ziemer, Robert J. Shue, Robert T.
Mangan, Karl D. Galbraith. Other expenditures and receipts—
Hermione A. Anglin, Deloris T. Tolson. Computer servicesArthur A. Morton.




State and local government transactions—DAVID J. LEVIN.
Receipts and expenditures—Henry H. Newman-Santos, Frances
J. Lantz. Constant-dollar estimates and computer services—
Donald L. Peters.
Farm output and alternative measures of price change—SHELBY
W. HERMAN.
Personal income—MARY W. HOOK. Wages and salaries—Pauline
M. Cypert. Other labor income—Martin Murphy. EmploymentMary Carol Barron. Interest—George M. Smith, Jeanette M.
Honsa. Rental income of persons—Teresita Chan. Other
contributors to the personal income estimates include Thae S.
Park, Imogene C. Petersen, and Mary V. Pitts.
Business income—KENNETH A. PETRICK. Corporate profitsWillie J. Abney, Dorothy G. Collins, Jerry L. Stone. Nonfarm
proprietors' income—Mary E. Joyce, Kwok Y. Leung.
Capital consumption allowances and adjustments—JOHN A.
GORMAN, John C. Musgrave, Gerald Silverstein, Kathryn A.
Comins.
Industry product—DONALD P. ELDRIDGE, Sherlene K.S. Lum,
Vesta Jones, Susan P. Den Herder, M. Greg Key, Marilyn E.
Baker.
Secretarial—Eunice V. Blue, Dorothy A. Wilson, Esther M.
Carter, Linda M. Brown.

SURVEY OF CURRENT BUSINESS

July

expenditures and for State and local
government purchases, as well as aggregates of which they are components, are shown on pages 130-133 of
this issue of the SURVEY. The "National Income and Product Accounts

the ones introduced at the time of the
comprehensive revision completed in
1980. In the numbering system introduced at that time, the number before
the period refers to one of nine
groups: 1. national product and

Tables," which show current estimates, will be resumed in the August
issue.
The full set of NIPA estimates in
this issue of the SURVEY is contained
in over 130 tables. The formats are

Table 1.—Major New Source Data for Current-Dollar Estimates
•
—-—_^____^^
Source data

Components
"^^~~^~~^----^.

Census Bureau Annual Retail Trade and Annual Trade Surveys

PCE

Goods

:

•

Nonresidential fixed
investment
Services

Structures

PDE

.'

GNP

Residential fixed
investment

' .

.

.• ; . •.

. .

•...:

..

Net exports
CBI

Merchandise

Services

."•'.• .

••

Government purchases
Federal

State and
local

1978 r &
1979-80

1979-80

1977r&
1978-79

1977 r&
1978-79
1979-80

Census Bureau Annual Housing Survey and C

1980 r &
1981

1980' &
1981

1978 r &
1979-80
1977-79r &
1980-81

1977-79r&
1980-81

19.78r&
1979-80
1977-79 r &
1980-81

1977-79r&
1980-81

Bureau of Economic Analysis U.S. international transactions
accounts

r
1977-79r & 1977-79 &
1980-81
1980-81

Office of Management and Budget Federal budget

1980-81
1978-80

Census Bureau surveys of State and local government
Bureau of Labor Statistics tabulations of employees covered by
State unemployment insurance

1979 r&
1980-81

Bureau of Economic Analysis capital stock statistics..
Charges against GNP
^^~"^\^^

Source data

Components

^^^\^^

Compensation of
employees
Wages and
salaries

Supplements

Proprietors' income
with IVA and CCAdj
Farm

Nonfarm

Rental
income of
persons
with
CCAdj

Corporate
profits
with IVA
and CCAdj

1977 r&
1978-79

1977 r&
1978-79

Capital consumption
allowances with CCAdj
Net
interest

Capital
consumption
allowances

CCAdj

Other
Charges

Census Bureau Annual Retail Trade and Annual Trade Surveys
1977r&
1978-79

Internal Revenue Service tabulations of business tax returns

1978-79' &
1980

1977 r &
1978-79

1977 r &
1978-80

1977-79r &
1980
Census Bureau value of new construction put in place
Census Bureau Annual Survey of Manufactures
1977-79r &
1980-81

1977 79 r &
/ 1980-81

Bureau of Economic Analysis U.S. international transactions
accounts
Office of Management and Budget Federal budget

1977-79r & 1977-79r &
1980-81
1980-81
1980-81

Census Bureau surveys of State and local government
Bureau of Labor Statistics tabulations of employees covered by
State unemployment insurance
Bureau of Economic Analysis capital stock statistics

1980-1981

1980-81

1978-81

1978-80

1979 r &
1980-81
1977-79r & 1977-79r& 1977-79r&
1980-81
1980-81
1980-81

r
Revised.
NOTES.—1. Years shown are the years of the estimates into which the new source data are directly incorporated.
2. PCE personal consumption expenditures
PDE producers' durable equipment
CBI change in business inventories
IVA inventory valuation adjustment
CCAdj capital consumption adjustment




1977-79 r&
1980-81

July

SURVEY OF CURRENT BUSINESS

6

Overview of the Revisions,
1977-81

income, 2. personal income and outlays, 3. government receipts and expenditures, 4. foreign transactions, 5.
saving and investment, 6. product,
income, and employment by industry,
7. implicit price deflators and price
indexes, 8. supplementary tables, and
9. seasonally unadjusted estimates.
The number after the period refers to
an individual table in a group. Because the tables have been greatly expanded over the last decade—the 1976
comprehensive revision was presented
in 81 tables, of which 26 were new—the article that follows will selectively
refer to NIPA tables, especially those
that appear only annually, to focus
attention on the availability of the estimates in them.
Definitions have not been changed
in this revision. Definitions of entries
in the summary national income and
product accounts, shown in table A on
page 20, can be found in National
Income and Product Accounts of the
United States, 1929-76: Statistical
Tables and in "The National Income
and Product Accounts of the United
States: An Overview," in the February 1981 SURVEY. That article presents a summary explanation of the
conceptual framework of the NIPA's.

Current-dollar GNP was revised up
each year—negligibly in 1977, and
then $7.8 billion, $3.9 billion, $7.0 billion, and $12.2 billion (table 2). The
revisions in percent changes were
small—up 0.1 and 0.4 in 1977 and
1978, down 0.3 in 1979, and up 0.1 and
0.2 in 1980 and 1981 (table 3). Each
year, the level of personal consumption expenditures (PCE) was revised
down; the level of investment, particularly producers' durable equipment (PDE), was revised up. In other
components, revisions were generally
small and not consistently in one direction.
The upward revision in percent
change in GNP prices was larger over
1976-81 (and also over 1972-81, to
allow for the corrections for 1973-76)
than that in current-dollar GNP, and,
accordingly, the revision in percent
change in constant-dollar GNP was
down. In 1972 dollars, the revisions
(including the corrections for 1973-76)
were down in each year except 1978:
$2.0 billion in 1977, up $1.7 billion in
1978, and then down $3.6 billion, $6.7

billion, and $7.6 billion. In percent
change, there was no revision in 1977,
the revision was up 0.3 in 1978, and
then down 0.4, 0.2, and 0.1 (chart 2).
The levels of PCE and also of net exports and government purchases were
revised down; investment, particularly in PDE, was revised up.
In the fixed-weighted price index
for GNP, a downward revision in percent change of 0.1 in 1977 was followed by upward revisions of 0.2, 0.1,
0.3, and 0.2 in 1978-81 (chart 3).
Upward revisions in the fixed-weighted price index were concentrated in
prices of government purchases and,
to a smaller extent, in PCE prices. Revisions in the prices of other GNP
components were small except in a
few instances. For example, prices of
nonresidential structures were not revised or were revised only 0.1 percentage point in 4 of the 5 years, but were
revised 0.7 percentage point in 1979.
Charges against GNP were revised
up each year—moderately in 1977,
1979, and 1980, and $16.8 billion in
1978 and $13.3 billion in 1981 (table
4). Net interest was revised up each
year; by 1981 the revision was substantial, $20.2 billion. Capital con-

Table 2.—Gross National Product
1977
Previously
published

Revised

1979

1978
Previously
published

Revision

Revised

Previously
published

Revision

Revised

1980
Revision

Previously
published

Revised

1981
Revision

Previously
published

Revised

Revision

Billions of current dollars
Gross national product
Personal consumption expenditures
Goods
Fixed investment
Nonresidential.....
Residential
Change in business inventories
Exports. .
Imports

..

Government purchases of goods and services
Federal
State and local

2,413.9

2,417.8

3.9

2,626.1

2,633.1

7.0

2,925.5

2,937.7

12.2

-3.7
-1.1
-2.6

1,672.8
887.6
785.2

1,667.2
884.7
782.5

-5.6
2.8
-2.7

1,857.8
975.2
882.6

1,843.2
969.1
874.1

-14.6
-6.2
-8.4

11.1
13.2
2.1

434.4
328.9
105.5

451.1
346.1
104.9

16.7
17.3
-.6

1,918.0

1,918.3

0.3

2.156.1

2,163.9

7.8

1,205.5
657.8
547.7

1,204.4
657.0
547.4

-1.0
.8
2

1,348.7
729.1
619.6

1,346.5
728.4
618.0

22
-.7
-1.6

1,510.9
814.6
696.3

1,507.2
813.4
693.7

301.3
205.5
95.8

301.0
205.2
95.8

-.2
-.3
0

353.2
242.0
111.2

360.1
248.9
111.2

6.9
6.9
0

398.3
279.7
118.6

408.8
290.2
118.6

10.4
10.5
0

401.2
296.0
105.3

412.4
309.2
103.2

4.3

17.5

14.3

-3.2

-5.9

-10.0

-4.1

16.2

20.5

4.3

6

13.2
281.4
268.1

2
.2

23.3
339.8
316.5

25.2
339.2
314.0

1.9
.6
-2.5

26.0
367.3
341.3

26.1
367.3
341.3

.1
0
_i

474.4
168.3
306.0

.6
.5
.1

534.7
198.9
335.8

538.4
197.2
341.2

3.7
17
5.4

591.2
230.2
361.0

596.9
228.9
368.0

5.7
12
7.0

1,480.7

1,474.0

67

1,510.3

1,502.6

21.0

23.0

2.0

22.2

26.5

-4.2
183.3
187.5

-4.0
182.7
186.7

.2
-.5
-.8

-.6
219.8
220.4

11
218.7
219.8

-1.1
-.6

13.4
281.3
267.9

394.5
143.9
250.6

393.8
143.4
250.4

-.7
-.4
2

432.6
153.4
279.2

431.9
153.6
278.3

-.7
.2
9

473.8
167.9
305.9

1,371.7

1,369.7

-2.0

1,436.9

1,438.6

1.7

1,483.0

1,479.4

-1.6
-.8
-.8

930.9
501.2
429.6

927.6
500.3
427.3

-3.3
_ g
-2^3

935.1
494.2
440.9

930.5
492.9
437.6

46
-1.3
-3.3

958.9
506.7
452.2

947.6
502.4
445.2

-11.2
43
-7.0

6.6
6.6
0

206.6
158.4
48.1

213.3
166.1
47.2

6.8
7.7
— .9

207.6
162.4
45.2

216.9
172.0
44.9

9.2
9.5
-.3

0

Billions of constant (1972) dollars
Gross national product

-3.6

-7.6

863.9
472.4
391.5

864.3
471.4
393.0

.4
10
1.4

904.8
492.0
412.8

903.2
491.2
412.0

201.2
140.6
60.6

200.9
140.3
60.7

-.3
-.3
0

215.8
153.4
62.4

220.7
158.3
62.4

4.9
4.9
0

222.5
163.3
59.1

229.1
169.9
59.1

12.3

13.3

.9

14.0

16.0

2.1

10.2

7.3

29

50

20

7.1

9.0

1.8

Net exports of goods and services
Exports
Imports

21.9
113.2
91.3

22.0
112.9
90.9

.1
-.3
4

24.6
127.5
103.0

24.0
126.7
102.7

-.5
8
-.3

37.7
146.9
109.2

37.2
146.2
109.0

5
-.7
2

52.0
161.1
109.1

50.6
159.2
108.6

14
-1.9
5

44.9
160.4
115.5

42.0
158.5
116.4

29
-2.0
.9

Government purchases of goods and services
Federal
State and local

272.3
100.7
171.6

269.2
100.4
168.8

-3.2
-.3
-2.9

277.8
99.8
178.0

274.6
100.3
174.3

-3.1
.5
-3.7

281.8
101.7
180.1

278.3
102.1
176.2

-3.5
.4
39

290.0
108.1
181.9

284.6
106.5
178.1

-5.4
-1.7
-3.7

291.7
111.5
180.2

287.1
110.4
176.7

-4.6
-1.1
-3.5

Personal consumption expenditures
Goods
Services

..

Fixed investment
Nonresidential
Residential
Change in business inventories

Source: NIPA tables 1.1 and 1.2.




-2.9

July

SURVEY OF CURRENT BUSINESS

sumption allowances with capital consumption adjustment was also revised
up, particularly in 1980 and 1981. In
contrast, proprietors' income with inventory valuation and capital consumption adjustments was revised
down substantially in those years.
Other components shown in table 4
were revised by smaller amounts and
not consistently in one direction. In
compensation of employees, large
upward revisions in wages and salaries in 1980 and 1981 were about
offset by downward revisions in the
other labor income component of supplements to wages and salaries.
As a result of the revisions, the statistical discrepancies are smaller, but
year-to-year changes in them are
larger; The statistical discrepancy is
GNP less charges against GNP, and
arises because GNP and charges
against GNP are estimated independently by methodologies that are subject to error.

ries of goods not estimated directly on
the basis of retail sales—motor vehicles, and gasoline and oil—were revised up. For gasoline, which is estimated as the product of volume and
price, a new indicator of volume—deflated Census Bureau sales of gasoline
service stations—was used to extrapolate the 1980 estimate. The estimates
for 1978-80 were revised down, reflecting the incorporation of data on
gasoline consumption from the Federal Highway Administration.
In services, downward revisions of
$8.4 billion in level and $5.7 billion in
change reflected a large—$11.4 billion—revision in housing and smaller
revisions in several other categories,
which on balance were upward. The
downward revision in housing was
due to a change in methodology and
to revisions in source data.
The change in methodology was for
estimating the space rent of permanent-site, owner-occupied, nonfarm

Revisions for 1981
Current-dollar GNP
Current-dollar GNP was revised up
$12.2 billion in 1981, accounted for by
a $7.0 billion upward revision in level
through 1980 and a $5.2 billion
upward revision in the change in
1981. For both the revision in level
and in change, the dominant features
were, as in earlier years of the revision period, an upward revision in investment that more than offset a
downward revision in PCE.
The 1981 level of PCE was revised
down $14.6 billion, of which revision
in change in 1981 was $9.0 billion. In
goods, downward revisions of $6.2 billion in level and $3.4 billion in change
were more than accounted for by the
part estimated on the basis of the
Census Bureau monthly retail sales
series. Incorporation of revised series
lowered nondurable categories, particularly food. In contrast, the catego-

Table 3.—Gross National Product and Fixed-Weighted Price Indexes
[Percent change from preceding year]

1978

1977
Previously
published

Revised

Revision

Previously
published

1979
Revision

Revised

Previously
published

Revised

1980
Revision

Previously
published

1981

Revised

Previously
published

Revision

Revised

Revision

Current dollars

11.6

11.7

0.1

12.4

12.8

0.4

12.0

11.7

8.8

8.9

0.1

11.4

11.6

0.2

Personal consumption expenditures
Fixed investment
Nonresidential
Residential

11.2
22.5
18.1
33.1

11.1
22.4
17.9
33.1

1
-.1
2
0

11.9
17.2
17.7
16.1

11.8
19.6
21.3
16.1

-.1
2.4
3.6
0

12.0
12.8
15.6
6.6

11.9
13.5
16.6
6.6

-.1
.7
1.0
0

10.7
.7
5.8
-11.3

10.6
.9
6.5
-13.0

_ ^
.2
.7
-1.7

11.1
8.3
11.1
.2

10.6
9.4
12.0
1.7

-.5
1.1
.9
1.5

Change in business inventories
Net exports of goods and services
Exports
Imports

7.2
19.3

6.9
18.9

3
-.4

20.0
17.6

19.7
17.7

-.3
.1

28.0
21.6

28.6
22.0

.6
.4

20.8
18.1

20.6
17.1

2
-1.0

8.1
7.9

8.3
8.7

.2
.8

Government purchases of goods and services
Federal
State and local

8.9
11.4
>7.6

8.8
11.0
7.5

_i
_ ^
_i

9.7
6.6
11.4

9.7
7.1
11.2

0
.5
-.2

9.5
9.5
9.6

9.8
9.6
9.9

.3
.1
.3

12.9
18.5
9.8

13.5
17.1
11.5

.6
14
1.7

10.6
15.7
7.5

10.9
16.1
7.9

.3
.4
.4

5.5

5.5

0

4.8

5.0

.3

3.2

2.8

-.4

-.2

4

2

2.0

1.9

_ j

4.9
13.8
11.9
18.6

5.0
13.7
11.7
18.6

.1
-.2
2
0

4.7
7.3
9.1
2.9

4.5
9.8
12.9
2.8

— 2
2'.6
3.7
0

2.9
3.1
6.5
-5.2

2.7
3.8
7.3
-5.2

-.2
.7
.9
0

.5
71
-3.0
-18.6

.3
69
-2.2
-20.2

-.1
.3
.8
-1.5

2.5
.5
2.5
-6.1

1.8
1.7
3.5
-4.8

_7
1.1
1.0
1.2

2.8
7.8

2.6
7.3

-.2
5

12.7
12.8

12.2
13.0

4
.2

15.2
6.0

15.4
6.1

.2
.1

9.6
i

8.9
-.4

-.7
-.3

-.4
5.9

-.4
7.2

0
1.4

2.1
4.1
.9

1.5
3.8
.2

6
-.3
7

2.0
_9
3/7

2.0
.1
3.3

.8
-.4

1.5
1.9
1.2

1.3
1.8
1.1

1
-^
-.1

2.9
6.3
1.0

2.3
4.2
1.1

-.7
-2.1
.1

.6
3.1
9

.9
3.7
8

.3
.6
.1

Gross national product

-0.3

Constant (1972) dollars
Gross national product
Personal consumption expenditures
Fixed investment . .
Nonresidential
Residential
Change in business inventories
Net exports of goods and services
Exports
...
.
Imports
Government purchases of goods and services
Federal
State and local

0

Fixed-weighted price index (Index numbers, 1972=100)
6.4

6.3

-.1

7.6

7.8

.2

9.4

9.5

.1

9.6

9.9

.3

9.4

9.6

.2

6.3
8.3
6.2
12.2

6.2
8.3
6.2
12.2

-.1
0
0
0

7.2
10.1
8.5
12.9

7.4
10.0
8.4
12.9

.2
-.1
.1
0

9.6
10.7
9.7
12.6

9.7
11.0
10.1
0

.1
.3
.4

11.0
10.1
10.6
9.3

11.2
10.1
10.6
9.3

.2
0
0
0

9.1
8.4
9.3
6.9

9.3
8.2
8.9
7.1

.2
2
-.4
.2

Change in business inventories
Net exports of goods and services
Exports
Imports

4.6
9.2

4.5
9.1

^
_1

6.5
7.7

6.6
7.7

.1
0

12.6
16.2

12.8
16.4

.2
.2

10.3
24.0

10.9
24.2

.6
.2

9.3
6.0

9.5
5.0

.2
-1.0

Government purchases of goods and services
Federal
State and local

6.9
7.3
6.7

7.1
7.1
7.2

.2
2
.5

7.3
6.5
7.9

7.7
7.2
8.1

.4
.7
.2

9.3
9.2
9.3

9.4
9.1
9.5

.1
_ ^
'.2

11.1
13.1
9.7

11.9
13.7
10.8

.8
.6
1,1

9.6
11.6
8.2

9.5
11.4
8.2

1
— 2
0

Gross national product
Personal consumption expenditures
Fixed investment
Nonresidential
.
Residential

Source: NIPA table 8.1.




0

SURVEY OF CURRENT BUSINESS

8
CHART 2

Real Gross National Product
Billion (1972)$

1550
LEVELS

Previous

1500

1450

1400

1350

1300
Percent

-5 -

-10
1977

1978

1979

1980

1981

1982

Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis

32-7-2

dwellings, the largest component of
housing services. [NIPA table 2.4 provides detail on PCE by about 100
types of expenditure.] It was necessitated by changing relationships between rents and unit market values,
which were traceable to the inflation
in residential real estate prices. The
basic approach in estimating space
rent is to multiply the number of
housing units by an average rental
value. Previously, the average rental
value was obtained using a marketvalue distribution of housing units for
each year and assuming that the ratio
of rent to unit market value for each
value class remains constant over
time (with lower ratios at the upper
end of the market-value distribution).
Thus, as housing prices increased and
units shifted each year into higher
market-value classes, the rent associated with a unit in the housing stock
increased. Because housing prices
generally have increased substantially faster than rents, this method overstated the rental value. In the new
method, average rental value for
owner-occupied units, based on the




1970 Census of Housing, is extrapolated from 1976 using average contract
rent for tenant-occupied units. Average contract rent is calculated from
data in the Annual Housing Survey,
adjusted to a preliminary value from
the 1980 Census of Housing. The
impact of the change in methodology
on space rent was partly offset by the
impact of the use of a larger number
of units, as indicated by the 1980
Census of Housing. For 1981, the estimate of space rent of permanent-site,
owner-occupied, nonfarm dwellings
was revised down $13.9; estimates for
1980 and 1979 were revised down $7.8
billion and $6.7 billion, respectively,
and those for earlier years by smaller
amounts.
In the other categories of services,
the revisions are characterized by the
incorporation of a variety of new
sources specific to detailed expenditure categories. The first July revision replaces, for the latest year, current quarterly estimates that are extrapolations of trends—these have
made up about 25 percent of total
PCE services in the current quarterly
estimates—as well as incorporates
better source data for other estimates.
(1) In household operations, upward
revisions were based on annual trade
association data for electricity and
natural gas. (2) In transportation,
downward revisions were due to the
introduction of a more detailed procedure for auto repair and use of airline
revenue data from the Civil Aeronautics Board. (3) In medical care,
upward revisions in services of doctors and dentists were partly offset by
downward revisions in services of hospitals. For the former, the annual
change calculated from the Census
Bureau Monthly Selected Services Receipts Survey replaced current quarterly estimates based on smoothed
monthly data from the same series,
which tends to be erratic. (4) In personal business, the estimate of financial services furnished without payThe revised estimates are available for
sale in machine readable form. For further information write to the National
Income and Wealth Division (BE-54),
Bureau of Economic Analysis, U.S. Department of Commerce, Washington,
D.C. 20230, or call 202-523-0669.
Alternative estimates of capital consumption and profits of nonfinancial corporations and of the fixed capital stock
are available from the same source and
will be shown in a subsequent issue of
the SURVEY.

July
3

GNP Fixed-Weighted Price Index
Index, 1972=100

225

200

175

150

Percent

1977

1978
1979
1980
1981
1982
Seasonally Adjusted at Annual Rates

U.S. Department of Commerce, Bureau of Economic Analysis

82-7-3

ment—an imputed item—was revised
down, reflecting new information on
the allocation of these services between business and households, and
legal and brokerage services were revised up. [The imputation for services
furnished without payment by financial intermediaries as well as the
other imputations in the NIPA's are
shown in NIPA table 8.8.] The revision in legal services was due to the
same procedure of replacing an estimate based on monthly data by one
calculated from annual change described for doctors and dentists. In
brokerage services, the revision was
due to the incorporation of annual
data from the Securities and Exchange Commission.
In fixed investment, the 1981 level
was revised up $16.7 billion, of which
the change in 1981 accounted for $5.6
billion. The bulk of the level revision—$13.3 billion—was in PDE,
which was revised up substantially
beginning in 1978. Incorporation of
shipments from the Annual Survey of
Manufactures for 1978-80 and more
detailed information on imports of
PDE from the U.S. international
transactions accounts raised the level
$11.5 billion by 1980, and revisions in
the shipments data for 1981 from the
Monthly Survey of Manufacturers'
Shipments, Inventories, and Orders
accounted for the remaining $1.8 billion. (The use of these sources as part
of the commodity flow procedure for

July

PDE was described in the December
1980 SURVEY, p. 9.) Upward revisions
in office and store machinery (largely
computers) and special industry machinery accounted for almost one-half
of the level revision. [NIPA tables 5.6
and 5.7 provide detail on private purchases of PDE, by type, in current
and constant dollars.]
An upward revision in nonresidential structures of $4.0 billion in level,
as well as the $2.3 billion revision in
change in 1981, was accounted for by
petroleum and natural gas exploration, shafts, and wells. New information on footage drilled and on cost per
foot, from trade sources and from the
Census Bureau Annual Oil and Gas
Survey, were the new sources. A
downward revision in farm structures
based on revised U.S. Department of
Agriculture (USDA) estimates, and an
upward revision in other categories,
based on revised Census Bureau tabulations, were offsetting. [NIPA tables
5.4 and 5.5 provide detail on private
residential and nonresidential purchases of structures and on government purchases of structures, by type,
in current and constant dollars.]
Residential investment was revised
down slightly in 1981; the 1980 level
was revised down $2.1 billion, but the
revision in change in 1981 was up.
New information on alterations and
repairs, which accounted for one-half
the revision in 1980, and on commissions on housing sales were the major
sources of the revisions.
The change in business inventories
(CBI) was revised up $4.3 billion in

SURVEY OF CURRENT BUSINESS

9

1981, and in 1980 it was revised down
$4.1 billion. Earlier in the revision
period, the revisions were somewhat
smaller and also tended to offset each
other. Most of the revisions in 1981,
and also in 1980, were in farm CBI,
reflecting revised USDA estimates.
For nonfarm CBI, replacement of
book value data from Census Bureau
monthly surveys by data from annual
surveys—the Annual Survey of Manufactures, the Annual Trade Survey
(for wholesale trade), and the Annual
Retail Trade Survey—was the source
of a downward revision in the change
in book values. Information from
these annual surveys also led to a
downward revision in the estimates of
the share of nonfarm inventory book
values accounted for using the last-infirst-out (LIFO) method; the lower
LIFO share was the main cause of an
upward revision in the inventory valuation adjustment. The LIFO share,
for which information is not available
on a current basis, is essential in estimating CBI because LIFO and nonLIFO inventories must be handled differently. Except when LIFO inventories are being run down, the change
in LIFO book values is the same as
the physical volume change valued at
current prices, which is the definition
of CBI. Accordingly, LIFO inventories
do not require a valuation adjustment
to convert them to the CBI basis.
The estimates of net exports are
from BEA's U.S. international transactions accounts, for which annual revisions for 1977-81 were presented in
the June SURVEY. [The relation of for-

eign transactions in the NIPA's to
corresponding items in the international transactions accounts is shown
in NIPA table 4.5.] For 1981, revisions
in net exports and total exports and
imports were negligible; for earlier
years, they were generally small. For
1981, revisions in some components,
particularly exports, were large, but
they tended to offset each other, as
described below.
In factor income components of exports and imports, a new method of
estimating interest receipts and payments was introduced. The change in
method was for income on claims and
liabilities reported by U.S. banks. It
was necessitated by changing financial practices, in turn, partly due to
further integration of national and international capital markets in recent
years. The basic approach for estimating both interest receipts and payments is to multiply the amounts outstanding in various asset categories
by an appropriate effective interest
rate. The change in method was in
the derivation of the interest rate.
Previously, the U.S. prime rate was
used in deriving an interest rate for
many asset categories. In the new
method, several different interest
rates that replicate more closely current financial practice were introduced. Because the prime rate had
played a larger role in the estimation
of interest receipts than of interest
payments, the change in method had
a larger impact on the former. Interest received was revised down $5.2 billion in 1981 and $4.0 billion in 1980;

Table 4.—Charges against Gross National Product
[Billions of dollars]

1977
Previously
published
Charges against gross national product
Compensation of employees
.
Wages and salaries
Supplements to wages and salaries
Proprietors' income with IVA and CCAdj
Rental income of persons with CCAdj
Corporate profits with IVA and CCAdj
Net interest

...

Capital consumption allowances with CCAdj
Other charges
Statistical discrepancy

....

Revised

1978
Revision

Previously
published

Revised

Revision

Revised

1981

1980
Revision

1,913.6

1,916.9

3.3

2,149.7

2,166.5

16.8

2,411.7

2,419.3

1,152.3
9838
168.5

1,152.1
983.2
168.9

-.3
-.7
.4

1,299.7
1,105 4
194.3

1,301.1
1,106.5
194.6

1.4
1.1
.3

1,460.9
1,235.9
225.0

1,458.1
1,237.4
220.7

103.5

103.9

.4

117.1

118.5

1.4

131.6

132.1

251

248

-.3

27.4

26.6

-.8

30.5

27.9

-2.6

7.6
-2.8

15
-4.3

.5

Previously
published

Previously
published

Revised

Revised

2,626.8

2,629.2

1,596.5
1,343 6
252.9

1,5986
13561
242.5

2.4

2,926.3

2,939.6

21
125
-10.4

1771 6
14828
288.8

17676
1 494 0
273.6

-15.2

130.6

116.3

318

329

-14.3
11

134.8

124.7

-10.1

Revision

336

Revision

13.3

40
112

339

2

1647

167.3

2.5

185.5

192.4

6.9

196.8

194.8

-2.0

182.7

1816

-1 1

1917

1906

— 10

100.9

102.5

1.6

115.8

121.7

5.9

143.4

153.8

10.4

179.8

1877

79

215.4

2357

202

196.0

195.2

-.9

221.2

222.5

1.3

253.6

256.0

2.4

287.3

2932

59

3217

3301

84

171.1

171.2

.2

183.1

183.8

.6

194.8

196.5

1.6

218.2

2189

'

7

257 5

257 1

4

46

8

19

44

14

30

64

26

NOTE.—IVA is inventory valuation adjustment and CCAdj is capital consumption adjustment.
Source: NIPA tables 1.7 and 1.11.




1979
Previously
published

89

22

15

37

7

39

.

11

10

SURVEY OF CURRENT BUSINESS

interest paid was revised down about
$1.0 billion in each of those years.
Offsetting the revisions in factor
income receipts, merchandise exports
and receipts from other services were
revised up in 1981, and also in 1980.
The revision in other services receipts
was $3.6 billion in 1981. It was largely
due to the replacement of current
quarterly estimates for transfers
under military sales contracts, based
on partial information from the Department of Defense, by estimates
based on more complete and revised
data from that agency, and to revised
information on travel receipts.
The level of government purchases
was revised up $5.7 billion in 1981, of
which the revision in change in 1981
was $2.0 billion. The level revision
and most of the change revision were
in State and local purchases. The estimate of wages and salaries paid by
State and local government was revised up $6.7 billion, due to the incorporation, beginning in 1979, of
Bureau of Labor Statistics (BLS) tabulations of employees covered by State
unemployment
insurance.
This
source, which is the same as used for
July revisions for the bulk of private
employees, is being used for the first
time for State and local employees.
The expanded coverage of State and
local employees by unemployment insurance in recent years led to use of
the BLS tabulations. Supplements to
wages and salaries, the other component of compensation of employees,
was revised down $2.6 billion, based
on information from the Census
Bureau Finances of Employee Retirement Systems of State and Local Governments. State and local purchases
other than compensation and structures was revised up $3.2 billion. Of
that, almost all was due to revisions
through 1980, which reflected the use
of expenditure information from the
Census Bureau Governmental Finances; no new information was available for 1981. [NIPA table 3.19 shows
the relation of State and local government receipts and expenditures in the
NIPA's to Governmental Finances
data.]
A downward revision in 1981 of $1.2
billion in Federal purchases reflected
the incorporation of information from
the Budget of the U.S. Government for
fiscal year 1981. Both defense and
nondefense purchases were revised
down. [NIPA table 3.18B shows the

relation of Federal Government receipts and expenditures in the NIPA's
to information in the Budget of the
U.S. Government.]




Constant-dollar GNP and prices
Constant-dollar GNP was revised
down $7.6 billion in 1981. Of that
amount, $6.7 billion was revision in
level through 1980 and $0.9 billion
was revision in change in 1981. The
1980 and 1981 level revisions in the
components of GNP had the same
pattern: down in PCE, net exports,
and government purchases, and up
only in investment. In the revision in
change in 1981, a downward revision
in PCE slightly more than offset an
upward revision in investment.
The revisions in constant-dollar estimates stem from the revisions in
current-dollar estimates and from revisions in prices, which will be discussed next. These revisions will be
discussed in terms of the fixed-weighted price index and by reference to revisions in percent change.
In the GNP fixed-weighted price
index, the sum of revisions in percent
change to 1981 was 0.9 (including 0.2
for 1973-76), of which 0.7 was accounted for by the sum of revisions in
change through 1980 and 0.2 by the
revision in change in 1981. In 1981, a
major part of the revision in change
was traceable to PCE prices.
In PCE prices, which have a weight
of about two-thirds in GNP prices, the
revision in percent change in 1981
was 0.2, and the sum of the revisions
through 1980 was 0.5. For both, revisions in services contributed substantially. Most of the revisions in service
prices do not reflect the incorporation
of new price data; rather, because
these service prices are obtained by
dividing current-dollar estimates by
constant-dollar estimates, they are
the by-product of revisions in the independently prepared estimates from
which they are obtained. For example, the "price" of farm housing rent
is the quotient of a current-dollar estimate of rent prepared by the USDA,
using data on the value of farm housing and an interest rate, and a constant-dollar estimate prepared by
BEA by extrapolating the 1972 rental
with the constant-dollar stock of farm
housing. As a result, if either the current-dollar estimate, the constantdollar estimate, or both, are revised,
the "price" is revised. For farm rental

July

housing, the USDA estimate was revised up, but the constant-dollar estimate was not, and, therefore, the
"price" was revised up. For insurance,
the current-dollar estimates are premiums minus benefits. The constantdollar estimates are extrapolated
from 1972 by deflated benefits for
health insurance and deflated premiums for auto insurance. Accordingly,
when current-dollar health and auto
insurance were revised up and constant-dollar estimates were revised
down, their "prices" were revised up.
"Prices" of brokerage services, parimutual net receipts, and financial
services furnished without payment
were revised reflecting similar methodologies.
Revisions in percent change in PCE
durables prices were also up, due to
incorporation of price indexes that
became available following the 1977
revision of the Consumer Price Index.
There were no revisions in the percent change in nondurables prices in
1977-81. In 1973-76, prices of alcoholic beverages were corrected, and the
sum of the revisions in change in nondurable prices was 0.1.
In nonresidential structures, there
was no revision in the percent change
in 1981, in contrast to upward revisions in percent change summing to
0.8 through 1980. The latter reflected
the incorporation in 1979 of new information on prices of gas and oil well
drilling structures. A substantial
downward revision in percent change
in 1981 in PDE reflected new information on the prices of communication equipment.
The sum of revisions in percent
change in export prices was 1.1. The
revision in percent change in 1981
was 0.2, and those through 1980
summed to 0.9. Most of the 0.9 was
registered in 1980. The revision in
percent change in import prices, after
having been small through 1980, was
down 1.0 in 1981. Most of the 1980 revision in export prices and 1981 revision in import prices was attributable
to prices of services other than factor
income. In the current quarterly estimates, a single price is used for each
of these components. The revision reflects the replacement of these estimates by estimates prepared using detailed prices appropriate to the several subcomponents.
In the prices of government purchases, the only downward revision in

July

SURVEY OF CURRENT BUSINESS

11

were the source of a downward revision of $6.0 billion. For 1980 and 1981,
the revisions were due to the use of a
lower trend to extrapolate the 1979
revised estimate. [NIPA table 8.4
shows supplements to wages and salaries, by type.]
Proprietors' income with inventory
valuation and capital consumption adjustments was revised down $10.1 billion. Through 1980, the level was revised down $14.3 billion, but the revision in change in 1981 was upward
$4.2 billion. The 1981 revision in level
was the net of a $1.5 billion upward
revision in the farm component, due
to the incorporation of revised data
from the USDA, and an $11.6 billion
downward revision in the nonfarm
component. Through 1980, IRS tabulations of business tax returns provided
the basis for upward revisions in nonfarm proprietors' income without capital consumption adjustment and in
the historical-cost capital consumption associated with it. An upward revision in current-cost capital consumption, based on an updating of the
BEA capital stock estimates (which
Charges against GNP
The sum of charges against GNP are based on a perpetual inventory
was revised up $13.3 billion in 1981, method) using revised investment and
accounted for by a $2.4 billion revi- price data, was not nearly as large as
sion in level through 1980 and a $10.9 the latter. As a result, the capital conbillion revision in the change in 1981. sumption adjustment—which is hisThe dominant features were large torical-cost less current-cost capital
upward revisions in net interest and consumption—was revised up. The
in capital consumption allowances sum of these two revisions was a
with capital consumption adjustment downward revision in nonfarm propriand a large downward revision in pro- etors' income on the NIPA basis of
prietors' income with inventory valua- $10.3 billion. For 1981, no additional
tion and capital consumption adjust- information became available with
ments. Revisions in other components which to revise the extrapolators for
were smaller and tended to offset these estimates. [NIPA table 8.10
shows the relation of nonfarm proprieach other.
Compensation of employees was re- etors' income in the NIPA's to correvised down $4.0 billion in 1981. sponding totals in IRS publications.
Through 1980, the level was revised NIPA table 8.11 shows the relation of
up $2.1 billion, but the revision in net farm income in the NIPA's to
change in 1981 was downward $6.1 USDA farm operators' income.]
The revision in rental income of
billion. Within compensation, however, wages and salaries were revised up persons with capital consumption ad$11.2 billion. Most of the revision was justment was negligible. The large
due to the use of BLS tabulations of downward revision in space rent for
employees covered by unemployment nonfarm, owner-occupied dwellings
insurance to prepare estimates to re- discussed with PCE housing services
place those based on the monthly BLS did not carry through to rental
survey of employment, hours, and income because expenses of homeearnings. Supplements to wages and ownership, which are deducted in desalaries was revised down $15.2 bil- riving rental income, were also relion. The major part of the revision in vised downward. Further, for tenantsupplements was in employer contri- occupied dwellings, the estimate of
butions to pension plans. Through Federal housing subsidies, which is
1979, Internal Revenue Service (IRS) included in rental income but not in
tabulations of business tax returns PCE, was revised up. [NIPA table 8.5

shows rental income of persons, by
type.]
Net interest was revised up $20.2
billion, $7.9 billion from the revision
in level through 1980 and $12.3 billion
from the revision in change. With the
exception of interest paid to and received from foreigners (the estimates
for which were described with net exports) and some components of imputed interest paid, the information with
which to make detailed estimates underlying net interest becomes available only with a lag of 3 years. Use of
this information—largely IRS tabulations of business tax returns and data
from regulatory agencies—resulted in
a $10.4 billion upward revision in
1979. For 1980 and 1981, estimates
were prepared for financial institutions using data from regulatory
agencies and trade sources and for
nonfinancial corporations by extrapolating the detailed 1979 estimates by
the product of debt outstanding for
several kinds of debt (largely from the
Federal Reserve Board flow of funds
accounts) and estimated effective interest rates. These estimates replace
current quarterly estimates prepared
at a more aggregative level. [NIPA
table 8.7 shows interest paid and received, monetary and imputed, by
sector and legal form of organization.]
Corporate profits with inventory
valuation and capital consumption adjustments was revised down $1.0 billion in 1981. A downward revision in
profits before tax accounted for the
revision; revisions in the inventory
valuation adjustment—upward—and
the capital consumption adjustment—
downward—were offsetting. The revision in profits before tax was due to
revised extrapolators for the years
since 1979, the most recent year for
which IRS tabulations of business tax
returns are available. The revised extrapolators reflect information on several of the annual adjustments to IRS
tabulations, such as that for audits.
[NIPA table 8.12 shows the relation of
corporate profits in the NIPA's to
profits as published by IRS.] The largest revisions were in the profits
before tax of trade corporations,
which were revised up since 1978, and
profits of public utilities, which were
revised down each year.
Estimates of capital consumption
allowances with capital consumption
adjustment—current-cost capital consumption, or "economic depreciation"—was revised up $8.4 billion. Of

percent change was in 1981—0.1. It
reflected new information on the
prices of major weapons systems.
Through 1980, upward revisions in
percent change summed to 1.9. Of
that sum, 0.4 was from the corrections for 1973-76, which were in the
prices of State and local purchases
from business. A substantial part of
the remaining upward revision is
traceable to the relationship between
constant- and current-dollar wages
and salaries of government employees. As noted earlier, the incorporation of new information for State and
local government employees resulted
in a substantial upward revision in
the current-dollar estimates. In constant dollars, the estimates are obtained by extrapolating 1972 estimates by a volume measure—hours
worked by State and local employees.
The hours estimates were not significantly revised. As a result, the
"price" of the services provided by
government employees was revised,
and the revisions in percent change
were up.




12

SURVEY OF CURRENT BUSINESS

that amount, $5.9 billion was revision
in level through 1980, and $2.5 billion
was revision in change. An updating
of the BE A capital stock estimates
using revised investment and price
data led to these revisions. Capital
consumption allowances—historicalcost capital consumption—was revised
up $10.5 billion due to updated extrapolators for 1980 and 1981 in combination with IRS tabulations for
1979. The capital consumption adjustment, which is the difference between
the two measures of capital consumption, was revised up $2.1 billion; as
just noted, the corporate part was revised down, and that revision was
more than offset by the upward revision in the noncorporate part explained earlier. [NIPA table 8.9 shows
the relation of capital consumption allowances in the NIPA's to depreciation and amortization as published
by IRS. NIPA table 8.3 shows the capital consumption adjustment by legal

form of organization and type of adjustment.]
Other charges as shown in table 4,
were revised up negligibly. Upward
revisions in the State and local components of indirect business tax and
nontax liability and of subsidies less
the current surplus of government enterprises reflected the use of information from Census Bureau Governmental Finances and, for the former,
Census Bureau Quarterly Summary of
State and Local Tax Revenue. For
many indirect business taxes, information from this source replaces the
use of extrapolators in the current
quarterly estimates. For the subsidies
less current surplus item, this information is used to replace a trend. A
downward revision in Federal indirect
business taxes was due to revised estimates of windfall profits tax receipts.
[NIPA table 3.5 shows indirect business tax and nontax accruals—Federal, and State and local—by type.

July

NIPA table 3.12 shows subsidies and
current surplus—Federal, and State
and local—by type.]
Sector and saving-investment transactions
Revisions in transactions in the
sector accounts and in the gross
saving and investment account are
summarized in tables 5, 6, 7, and 8.
Most of the revisions have been discussed earlier in connection with
GNP and charges against GNP. Other
major revisions in these transactions
are discussed below.
In the personal sector, most of the
revisions in components of personal
income were among those discussed
with charges against GNP. One of
them, however, the revision in personal interest income, although it is related to the revision in the net interest component of charges against
GNP, was not. As explained in the

Table 5.—Personal Income, Outlay, and Saving
[Billions of dollars]

Previously
published

Previously
published

Revised

7.4

2,160.2

2,160.4

0.2

2,404.1

2,415.8

11.7

1.5
3.7
5
-26
2.1
9.1

1,343.7
137.1
1306
318
54.4
256.3

1,356.1
127.2
1163
329
55.9
263.4

12.5
-9.9

1,493.9
140.4
1247
33.9
62.5
329.0

11.2
-13.7

143
1.1
1.5
7.2

1,482.7
154.1
1348
336
61.3
308.5

169.2

.4

206.3

208.5

2.2

229.0

231.4

2.4

302.0
1,641.7

301.0
1,650.2

-1.0
8.4

338.5
1,821.7

336.3
1,824.1

-2.2

388.2
2,016.0

386.7
2,029.1

-1.5
13.2

-2.0
13.0

1,555.5
86.2

1,553.5
96.7

-2.1
10.5

1,720.4
101.3

1,717.9
106.2

-2.5

4.9

1,908.4
107.6

1,898.9
130.2

22.6

.9

5.2

5.9

.7

5.6

5.8

.2

5.3

6.4

1.1

1,538.0

1,540.4

2.4

1,721.8

1,732.7

10.9

1,943.8

1,951.2

983.8
89.0
1035
25 1
38.7
151.6

983.2
89.4
1039
248
39.6
152.8

— 7

.4
4
3
.9
1.2

1,105.2
102.2
117 1
274
43.1
173.2

1,106.3
102.5
1185
266
45.3
179.4

1.1
.4
14
-8
2.2
6.2

1,236.1
118.6
1316
305
48.6
209.6

1,237.1
114.9
1321
279
50.8
218.7

146.4

1468

.4

153.7

154.0

.5

168.8

Less' Personal tax and nontax payments
Equals: Disposable personal income

226.5
1,311.5

226.4
1,314.0

— .1

2.5

258.8
1,462.9

258.7
1,474.0

_i
11.1

Less* Personal outlays
Equals* Personal saving*

1,237.5
74.1

1,236.0
78.0

1.4
3.9

1,386.6
76.3

1,384.6
89.4

5.6

5.9

.3

5.2

6.1

Personal income
Wage and salary disbursements
Other labor income
rroprie ors nco
rrAd'

^

Personal dividend income
. .
Personal interest income
Transfers less personal contributions for social

Personal saving rate (percent)

Revised

1981

Previously
published

Previously
published

Revised

Revision

1980

1979

1978

1977

Previously
published

Revision

Revised

Revision

Revision

2.4

Revised

Revision

101
.2
1.2
20.5

9.4

NOTE.—IVA is inventory valuation adjustment and CCAdj is capital consumption adjustment.
Source: NIPA table 2.1.

Table 6.—Government Receipts, Expenditures, and Surplus or Deficit
[Billions of dollars]
1978

1977

Previously
published
Federal:
Receipts
Expenditures . . .
Surplus or deficit (— ), national income and
product accounts
State and local:
Receipts
Expenditures
Surplus or deficit (— ), national income and
product accounts
Social insurance funds
Other funds . . . .
Source: NIPA tables 3.2 and 3.3.




Revised

Previously
published

Revision

Revised

1979

Previously
published

Revision

Revised

1980

Revision

Previously
published

1981

Revised

Previously
published

Revision

Revised

Revision

01
4

4315
4607

4316
4610

0.1
4

494.4
5092

4936
5097

08
5

5408
6020

5407
602 1

01

j

6260
6884

6282
6882

22
2

459

5

292

295

3

148

161

13

61 2

61 4

2

62 4

60 0

24

2980
2700

2977
269 7

3
3

3274
2984

3276
2973

2
11

3512
3244

3520
3215

g
29

384 0
3550

3859
357 8

19
00

417 2
380 5

416 8
385 0

45

281
179
101

280
180

290
200
90

303
203
100

13
3
10

267
239
29

304
238
66

37
1
38

29 1

28 2

g
4

31 7
31 8

49
3

3751
4215

3752
421 1

464

10 1

o
o
^

269

273

21

Q

13

36 7
32 \
46

^

4

46

13

SURVEY OF CURRENT BUSINESS

July

about two-thirds of which was revi- of new information on effective intersion in change. Again the revision est rates paid on consumer installwas largely in State and local transac- ment loans for the 1977-81 period. A
tions, and it also was based on Gov- debt-times-interest rate procedure is
ernmental Finances. Until the first used for July revisions as well as curJuly revision, both interest paid and rent quarterly estimates.
Personal saving was revised up subreceived by State and local governments are estimated as the product of stantially—$22.6 billion—as the sum
debt outstanding and appropriate ef- of an upward revision in disposable
fective interest rates. This proce- personal income of $13.2 billion and a
dure—which, as described earlier, is downward revision in personal outused to prepare estimates to replace lays of $9.4 billion. The personal
current quarterly estimates of many saving rate—personal saving as a perof the interest flows before IRS tabu- centage of disposable personal
lations become available—is subject to income—was revised up 1.1 percenterror if the structures and levels of age points, to 6.4 percent.
In the government sector, revisions
interest rates and debt change rapidly, as they did in recent years. The to Federal Government receipts and
final part, interest paid by consumers expenditures were small in total and
to business, was revised up $5.6 bil- generally small in the components.
lion, of which about one-half was revi- The deficit was revised down $2.4 bilsion in change from 1980. Most of the lion, to $60.0 billion. The revision to
revision was due to the incorporation the State and local government sur-

Special Note in the September 1981
SURVEY, personal interest income is
estimated as the net interest component of charges against GNP plus interest paid by government less interest received by government plus interest paid by consumers to business.
The upward revision of $20.5 billion
in 1981 can be seen in terms of these
parts. As noted earlier, net interest
was revised up $20.2 billion, $7.9 billion of which was revision through
1980 and $12.3 billion was revision in
change. Interest paid by government
was revised up $4.5 billion, about onehalf of which was revision in change.
Almost all of the revisions were in interest that was paid by State and
local governments, and reflected the
incorporation of information from the
Census Bureau Governmental Finances. Interest received by government was revised up $9.7 billion,

Table 7.—Foreign Transactions
[Billions of dollars]

1978

1977
Previously
published
Net exports of goods and services

Revised

Previously
published

Revision

Revised

1980
Previously
published

Revision

Revised

1981
Revision

Previously
published

Revised

Revision

40

0.2

—0.6

— 1.1

—0.6

13.4

13.2

-02

23.3

25.2

1.9

26.0

26.1

0.1

—308
1197
1505
235
33.0
95
3.1
306
27.4

304
1197
150.2
235
32.6
91
3.0
304
27.4

4

-33.8
1409
174.7
299
43.8
13.8
3.3
35.2
31.9

-33.6
140.9
174.5
29.6
43.0
13.4
2.9
34.8
31.9

.2

0
-.2
-.3
-.7
.4
_4
— 4
0

-32.0
1769
208.9
43.8
66.6
22.8
1.6
37.8
36.2

-30.2
179.2
209.4
42.6
64.8
22.2
.9
37.4
36.5

17
22
.5
-12
-1.8
-6
.7
-.4
.3

-27.7
2182
245.9
496
79.5
29.9
1.4
42.1
40.7

—23.9
2201
244.0
46.1
75.2
291
3.1
44.0
40.9

38
19
-1.9
35
-4.3
8
1.7
1.9
.2

-30.5
2298
260.3
544
91.7
37.3
2.1
45.8
43.7

-28.2
2319
260.1
492
86.1
36.9
5.2
49.4
44.2

2.3
21
-.2
5.2
-5.6
-.4
3.1
3.6
.5

96

96

132

13.2

o

151

151

1

174

173

218

219

1

13.8

14.3

-.5

1.7

.1

5.9

7.8

4.2

4.1

—1

42

Merchandise net
Exports
Imports..
....
....
Factor income net
Receipts
..
,
Payments
Other services net
,
Receipts
.
...
Payments
...
,
Less: Grants, transfer payments, and interest
paid by Government
Equals: Net foreign investment by the United
States

Previously
published

Revision

Revised

1979

-13.9

o

-.4
0
-.4
—4
.1
_ ,1
0

o
.2

—13.6

-1.8

0
1.9

Source: NIPA table 4,1.

Table 8.—Gross Saving and Investment
[Billions of dollars]

1978

1977
Previously
published
Gross saving

, , , .. .... .....

Personal saving
Undistributed corporate profits with IVA
and CCAdj
,. „
Corporate capital consumption allowances with CCAdj
Noncorporate capital consumption allowances with CCAdj
Wage accruals less disbursements
Government surplus or deficit (— ), national income and product accounts
Capital grants received by the United
States (net)
.
Gross investment

.. „

Gross private domestic investment, „ ,.
Net foreign investment
Statistical discrepancy

Revised

Previously
published

Revision

1979

Revised

Revision

Revised

411.9

1980
Previously
published

Revision

Revised

1981
Previously
published

Revision

Revised

Revision

5.0

355.2

374.8

19.7

422.7

10.8

401 9

406.2

4.3

455 5

477.5

22.1

74 1

780

39

763

894

130

862

967

105

1013

1062

49

1076

1302

226

523

537

15

57.9

622

43

591

545

45

443

389

54

508

444

65

1224

1215

9

1364

1376

12

1554

1575

21

1754

1812

58

1977

2062

85

737
0

737
0

848
0

849
0

1

982
0

985
0

3

1120
0

1

0

111 8
0

1239
0

1239
0

o
o

-.2

.8

11.9

14.3

2.4

-25.7

-28.2

304.0

-18.3

309.1

-17.8

0

o

.5

o

1.0

-32.1

-33.2

o
-1.1

-2.5

0

0

o

o

0

308.4

3104

2.0

3616

3723

10.7

414 1

421 2

7i

401 2

4102

89

454.7

4756

20.9

3223
139

3241
136

18
2

375.3
138

3866
143

113
5

4158
17

4230
18

72
I

3953
59

4023
78

70
19

4505
42

471 5
41

210
i

4.4

14

—3.0

6.4

—26

89

22

I5

37

7

39

46

g

19

11

0

NOTE.—IVA is inventory valuation adjustment and CCAdj is capital consumption adjustment.
Source: NIPA table 5.1.




Previously
published

\i

11

o

11

12

o

11

11

o

14

SURVEY OF CURRENT BUSINESS

plus was down $4.9 billion, to $31.7
billion; almost all of the revision was
in the "other funds" surplus. Both the
revisions in receipts—down slightly—
and in expenditures—up $4.5 billion—
reflected some large but offsetting revisions in components. The revisions
in Federal receipts and expenditures
reflect the incorporation of information from the Budget of the U.S. Government, and those in State and local
receipts and expenditures, the incorporation of information from BLS tabulations and from Governmental Finances. In the foreign transactions account, and in the gross saving and investment account, the major revisions
were discussed earlier.

July

Table 9.—Selected Constant-Dollar Aggregates and Prices

This section briefly discusses the
impact of the revisions on growth
rates of major aggregate and price
series, productivity growth, the composition of GNP, and cyclical fluctuations. Saving and investment are discussed in somewhat more detail because the revised estimates modify
the view of them.
Growth rates
Trends in major constant-dollar aggregates and in price series are not
significantly changed for 1977-81 by
the revisions. The average annual
rate of growth, 1976-81, for constantdollar GNP and most of the other aggregates shown in table 9 are the
same.

Percent

Level

Previously
published

Revised

Aggregates (levels are billions of 1972 dollars)
Gross national product

76

Gross domestic product

-4.7

Gross product of domestic nonfarm business less housing
National income.....

...
..

Command gross national product

•

.. .

••

'*•

3.0

3.0

2.9

2.9

3.0

3.0

2.9

2.9

.3

2.8

2.8

-9.5

-.6

3.1

3.0

-4.7

-.3

2.8

2.8

1.6

.8

8.4

8.6

.8

.4

8.0

1.6

2.1

2.7

..• •

Final sales

-.3
0

-2.6

Disposable personal income

-0.5

-.2

.1

..

,

Prices (levels are indexes, 1972=100)
GNP fixed-weighted price index

.,

Implicit price deflator for personal consumption expenditures

Revised Estimates: Economic
Highlights

Average annual
percent change,
1976-81

1981 revision

Terms of trade

1

-1.5

8.1

-1.1

1. Derived as the ratio of the implicit price deflator for exports to that for imports.
Source: NIPA tables 1.4, 1.6, 1.8, 2.1, 7.1, and 7.2.

Table 10.—Real Gross Product, Hours, and Compensation in Domestic Nonfarm Business Less
Housing
[Percent change]

1977

Real gross product:
Previously published..
Revised

,

Hours:
Previously published
Revised ,
Compensation:
Previously published
Revised
,.,.,..,.

,.

..

1981

Average
annual
percent
change,
1976-81

27
22

09
16

41
42

50
49

36
34

5
g

122
122

140
141

135
132

93
94

11 1
105

12 0
119

21
24

0

9
12

5

8

's

8
16

3
6

.. ,.

78
77

86
8.7

95
9.4

98
102

99
98

91
92

,,

56
52

86
79

104
107

103
112

91
81

83
86

Real gross product per hour:
Previously published
Revised

Unit labor cost:
Previously published
Revised

1980

50
58

,

,.

1979

63
64

. ,.,.„

Compensation per hour:
Previously published.....
Revised
. . ,.

1978

....

19
23

30
30

11
6

27
25

Source: NIPA table 1.6 and Bureau of Labor Statistics.

Table 11.—Composition of Constant-Dollar GNP by Major Type of Product
[Percent]
Average

Revised
1977-81

GNP

,. .

.,

,

Final sales
Change in business inventories
Goods

.

Durable goods
Nondurable goods

Structures
Source: NIPA table 1.4.




.
...... .. .,

...

..

.•••-.

•••••

•••

•• •

Previously
published

1962-66

1967-71

1972-76

100.0

100.0

100.0

100,0

100.0

100.0

100.0

100.0

100.0

100.0

98.8

99.2

99.3

99.4

99.4

99.0

98.9

99.5

100.3

99.4

1.2

.8

.7

.6

.6

1.0

1.1

.5

-.3

.6

45.4

45.2

45.1

45.4

45.8

45.9

46.0

45.8

45.3

45.9

Revised

1977

1978

1979

1980

1981

17.3

17.8

18.9

19.5

20.0

19.8

20.7

20.6

19.6

19.5

28.1

27.4

26.1

26.0

25.8

26.0

25.4

25.2

25.8

26.4

42.4

43.6

44.9

46.0

45.6

45.1

44.8

45.3

46.6

46.3

12.3

11.2

10.0

8.6

8.6

9.1

9.2

8.8

8.0

7.8

July

SURVEY OF CURRENT BUSINESS

15

Table 12.—Composition of GNP by Sector and Legal Form of Organization
[Percent]
Average

Revised
1977-81

1967-71

1962-66

GNP . ..

,

Business

...,.„,

.,

,

.

Statistical discrepancy...........
• Corporate
Nonfinancial
Financial
Noncorporate

,
...

.. .. ... ... .

,

Households and institutions...

,....,

, ..

Government
Rest of the world ...

1972-76

Previously
published

1977

100.0

100.0

86.6

84.9

.1

-.1

.3

.1

59.2
56.3
3.0
27.2

60.3
57.0
3.3
24.7

60.6
57.5
3.1
23.3

61.9
58.9
3.1
22.7

2.8

3.1

3.2

9.8

11.2

.8

.8

100.0

1978

1979

1980

1981

Revised

100.0

100.0

100.0

100.0

100.0

100.0

100.0

84.7

84.8

84.7

84.9

84.9

84.6

84.8

.1

-.1

-.1

.1

-.1

62.3
58.7
3.6
22.4

62.2
58.8
3.4
22.4

62.6
59.0
3.6
22.4

62.3
58.6
3.7
22.7

62.1
58.4
3.7
22.4

62.5
59.0
3.6
22.4

3.2

3.2

3.2

3.1

3.1

3.2

3.3

11.4

10.4

10.4

11.0

10.6

10.2

10.4

10.2

1.2

1.7

1.6

1.2

1.4

1.8

1.8

1.7

84:2

0

Source: NIPA tables 1.5 and 1.13.

The average annual rate of growth
of the GNP fixed-weighted price index
and of the implicit price deflator for
PCE, which is used to calculate real
disposable personal income, are both
0.1 percentage points higher. The
terms of trade—the ratio at which a
unit of U.S. exports of goods and services exchanges for a unit of imports—
deteriorated somewhat less on the revised basis. The deterioration is apparent on both the previously published and revised bases. It explains a
poorer performance of command GNP
than of GNP, because command GNP
is a measure of the amount of goods
and services over which a country has
command as a result of its current
production, i.e., it takes changes in
the terms of trade into account.
One of the aggregates in table 9—
gross domestic nonfarm business
product less housing—is also shown in
table 10, which focuses on the relationships of real output, hours, and
compensation. As shown in table 10,
real gross product per hour—a measure of productivity—increased at an
average annual rate of 0.6 percent on
the revised basis, 0.3 percentage
points more than on the previously
published basis. The higher rate of increase in productivity on the revised
basis reflects the lower rate of increase in hours; the increase in real
gross product is the same on both
bases. Unit labor cost increased at an
average annual rate of 8.6 percent,
0.3 percentage points more than on
the previously published basis, and
the increase in compensation per
hour is about the same.




Composition of GNP
Because the revisions in components of both GNP and charges
against GNP are partly offsetting, alternative breakdowns of GNP are also
affected.
Table 11 shows the composition of
constant-dollar GNP by major type of
product. For 1977-81, on the revised
basis, more of GNP is in durable
goods, less in nondurable goods, and
less in services. The major revisions

in the standard GNP components that
underlie these changes in composition
are the upward revision in PDE, the
downward revision in nondurable
PCE, and the downward revision in
housing services in PCE.
Table 12 shows the composition of
GNP by sector, with the business
sector further broken down into corporate—financial and nonfinancial—
and noncorporate. The compositional
changes for 1977-81 are largely a reflection of the revisions in net inter-

Table 13.—Cyclical Fluctuations in Constant-Dollar GNP
Amplitude and
strength

Timing and duration

Trough
quarter

Peak
quarter

Number
of
quarters
of
increase

Percent
increase

Percent
increase
per
quarter
at annual
rate

Quarter
in which
expansions
were
interrupted

Expansions
1975-80:
Revised
1980-81:
Previously published
Revised

,...
..

1975:1
1975:1

1980:1
1980:1

20
20

24.5
23.9

4.5
4.4

1979:11
1979:11

1980:11
1980:11

1981:1
1981:111

3
5

3.6
3.6

4.9
2.9

None
1981:11

Timing and duration

Peak
quarter

Trough
quarter

Amplitude and
severity

Number
of
quarters
of decline

Percent
decline

Percent
decline
per
quarter
at annual
rate

Quarter
in which
contractions
were
interrupted

Contractions
1980:
Previously published
Revised
..

..

1981-82:
Previously published

•

... ..
....

1980:1
1980:1
1981:1
1981:111

1980:11
1980:11

1
1

-2.6
-2.5

-9.9
-9.6

None
None

1

4
2

-2.1
26

-2.1
-5.2

1981:111
None

1

1982:1
1982:1

1. It cannot yet be determined whether there was a trough in the first quarter of 1982. For this table, the first quarter of
1982 is used as a proxy for a trough.
Source: NIPA table 1.2.

July

SURVEY OF CURRENT BUSINESS

16
est and in proprietors' income. On the
revised basis, more of GNP originates
in corporate business and less in noncorporate business. Within corporate
business, because the upward revision
in domestic net interest is centered in
financial corporations, more of GNP
originates there. Less of GNP originates in the rest of the world, reflecting the downward revision in net interest originating in that sector.
Cyclical fluctuations
The characteristics of cyclical fluctuations in real GNP—timing and duration, amplitude and strength or seTable 14.—Personal Saving
As a percentage
of disposable
personal income
Standard
procedure:
Personal
saving
equals
disposable
personal
income
less
outlay

Alternative
procedure:
Personal
saving
equals
gross
investment
less
other
sectors'
saving

As
percentage
nf

private
saving

1962-66 1

64

67

268

1967-7 I 1

7.5

74

318

1972-76l ..

78

82

320

1977-81 *:
Previously published ,. ...
Revised

5.4
6.0

5.6
60

224
243

5.9

6.0

239

61

58

236

Addenda: Revised estimates

1977 ,. ,. ,
1978

..,.,...„.....

1979.....

5.9

5.8

237

1980

58

6.0

242

6.4

6.3

25.9

1981

...

1. Average of annual estimates.
Source: NIPA tables 2.1 and 5.1

verity—are summarized in table 13.
With the exception of the timing and
duration of the 1980-81 expansion,
the previously published and revised
estimates show similar patterns. For
the 1980-81 expansion, on the previously published basis, a peak occurred
in the first quarter of 1981; a decline
followed in the second, and an increase in the third put the third quarter barely—$0.6 billion—below the
first-quarter peak. On the revised
basis, the third quarter is the peak; it
is only $2.6 billion above the first
quarter, again with a decline in the
second. Thus, although the quarters
that are peaks differ, the amplitude of
the expansion is not changed, because
the levels of the first and third quarters are similar.
However, shifting the peak, and
thus extending the expanison from
three to five quarters, makes a significant difference in the composition of
the 1980-81 expansion. With the
three-quarter expansion, the increase
in GNP is more than accounted for by
final sales, within which there are sizable increases in PCE, nonresidential
fixed investment, and residential investment. With the five-quarter expansion, about two-fifths of the increase in GNP is accounted for by a
sharp step-up in the rate of inventory
accumulation in the third quarter.
Within the three-fifths accounted for
by final sales, PCE, residential investment, and net exports contribute less
to the GNP increase over five quarters than they had over three quarters in the previously published estimates, largely because these components declined in either the second
quarter or in the second and third
quarters. These differences in the contribution of components to the expan-

Table 15.—Composition of Personal Income by Type of Income
[Percent]
Average
1962-66

100.0

Personal Income

1967-71 1972-76 1977-81

100.0

100.0

100.0

1977
100.0

1978
100.0

1979
100.0

1980
100.0

1981
100.0

67.3
3.2

67.7
3.8

65.2
4.9

63.0
5.9

63.8
5.8

63.8
5.9

63.4
5.9

62.8
5.9

61.8
5.8

Proprietors' income with IVA and CCAdj:
Farm
..
Nonfarm ....

2.5
8.2

1.8
7.0

2.1
5.5

1.2
4.8

1.2
5.5

1.5
5.3

1.6
5.1

.9
4.5

1.0
4.2

Rental income of persons with CCAdj
Personal dividend income
Personal interest income .,

3.4
3.4
7.1

2.6
2.9
8.1

2.0
2.5
9.2

1.5
2.6
11.7

1.6
2.6
9.9

1.5
2.6
10.4

1.4
2.6
11.2

1.5
2.6
12.2

1.4
2.6
13.6

Transfer payments

7.6

9.3

12.5

12.9

12.8

13.8

13.9

Less: Personal contributions for social insurance
,

2.6

3.4

3.9

4.0

4.2

Wage and salary disbursements
Other labor income

,

13.4
4.1

13.5
4.0

NOTE.—IVA is inventory valuation adjustment and CCAdj is capital consumption adjustment.
Source: NIPA table 2.1.




4.1

4.3

CHART 4

Personal Saving Rate

4 I*

r^
1976

77

78

79

80

82

Note.—Personal saving as a percentage of disposable personal
income; based on seasonally adjusted annual rates.
U.S. Department of Commerce, Bureau of Economic Analysis

82-7-<

sion in GNP have their mirror image
in the contribution of the components
to the subsequent contraction in
GNP.
Saving and investment
As shown in chart 4, the personal
saving rate is substantially higher
through the revision period on the revised than on the previously published basis, although the quarterly
patterns are quite similar. The average of annual saving rates for 1977-81
on the revised basis is up 0.6 percentage points from the previously published estimates (table 14). At 6.0 percent, it is still below the rates for the
three preceding 5-year periods, especially the 7.8 percent in 1972-76.
An alternative personal saving rate
can be calculated within the framework of the NIPA's gross saving and
investment account: Total gross
saving is set equal to gross investment, and the estimates of saving by
the other sectors are subtracted, so
that personal saving is derived as a
residual. (This procedure is tantamount to adding the statistical discrepancy to personal saving as derived from the personal income and
outlay account.) Personal saving derived in this way is based on methodologies that are largely independent
from the methodologies on which the
standard measure of personal saving
is based. Saving rates based on this
alternative measure of saving (but
with the same estimate of disposable
personal income used in the standard
calculation) are shown in table 14.

July

SURVEY OF CURRENT BUSINESS

17

cussed. Various explanations for it
have been given—among them, shifts
in the age distribution of the population, adjustments to higher and more
variable rates of inflation, and shifts
in the composition of income.
The last explanation is grounded in
the hypothesis that propensities to
save out of the several types of
income differ. Table 15 shows the

This rate, like the rate calculated by
the standard procedure, is higher on
the revised basis than on the previously published basis, and is below
the rates in the earlier periods—providing some substantiation of the
modified view of personal saving provided by the revised estimates.
The drop in the saving rate in
recent years has been widely dis-

composition of personal income on the
revised basis. A substantial shift
among income types is evident from
1972-76, when the saving rate was
quite high, to 1977-81. Wage and
salary disbursements, by far the largest component, were 2.2 percentage
points lower in 1977-81 than in 197276. The shares of proprietors' income,
especially farm income, and of rental

Table 16.—Private Fixed Investment by Major Type of Investment
Constant (1972) dollars

Current dollars
Nonresidential
structures

Total

Producers'
durable
equipment

Residential
investment

Nonresidential
structures

Total

Producers'
durable
equipment

Residential
investment

Gross investment
1976-81, percent change, average annual rate

Revised

..

.

.

•

•

•

•

-

•

12.0

16.4

12.0

7.9

3.3

5.2

5.3

-2.5

12.9

17.1

13.4

7.8

4.2

5.5

6.9

-2.6

.9

,7

1.4

_'l

.9

.3

1.6

-.1

434.4

125.7

203.1

105.5

207.6

51.0

111.4

45.2

451.1

129.7

216.4

104.9

216.9

51.6

120.4

44.9

16.7

4.0

13.3

6

9.2

.5

9.0

3

1981, billions of dollars
Previously published

...

Revised

...

.......

.. .............

Net investment
1976-81, percent change, average annual rate
Previously published

•••

••

Revised

...

..

*•

9.3

24.8

7.4

1.3

1.0

12.2

5.8

91

•

11.3

26.6

12.9

.7

3.5

12.8

11.7

94

2.5

.6

5.9

.3

2.0

1.8

5.5

6

110.9

42.7

28.9

39.3

54.2

•16.5

21.6

16.1

121.0

45.9

37.0

38.1

61.3

17.0

28.3

15.9

10.1

3.2

8.1

7.1

.5

6.7

— 2

1981, billions of dollars
Previously published

...

Revised

...

. ..

Revision

..

.. ..

-1.2

Source: NIPA tables 5.2 and 5.3.

Table 17.—Private Fixed Investment as a Percentage of Gross and Net National Product
Current dollars
Gross private fixed
investment

1962-661
1967-711

..

..

1972-76 *
1977-81l :
Previously published
Revised

..,..

...

Constant (1972) dollars

Net private fixed
investment

Gross private fixed
investment

Net private fixed
investment

Billions
of
dollars

Asa
percentage of
GNP

Billions
of
dollars

Asa
percentage of
NNP

Billions
of
dollars

As a
percentage of
GNP

Billions
of
dollars

As a
percentage of
NNP

94.2

14.5

40.4

6.8

127.9

14.4

55.7

6.9

135.4

14.4

54.9

6.4

155.3

14.5

63.7

6.5

213.9

14.9

75.3

5.8

181.5

14.6

65.6

5.8

377.7
386.7

15.7
16.1

121.7
127.3

5.8
6.0

210.7
216.2

14.5
14.9

69.2
73.4

5.3
5.6

200.9

14.7

71.1

5.7
6.5

Addenda: Revised estimates:

1977

.....

,.

.. ..

301.0

15.7

105.8

6.1

1978

360.1

16.7

137.6

7.1

220.7

15.3

84.9

1979

408.8

16.9

152.8

7.1

229.1

15.5

86.0

6.4

412.4

15.7

119.2

5.1

213.3

14.5

63.7

4.8

451.1

15.4

121.0

4.6

216.9

14.4

61.3

4.6

1980

,

1981

,.„.,

1. Average of annual estimates.
Source: NIPA tables 1.7, 1.8, 5.2, and 5.3.

378-127 0 - 8 2 - 2




.,
,

,

18

SURVEY OF CURRENT BUSINESS

July

income of persons were also lower— 11.7 percent, compared with 5.8 from 1972-76 to 1977-81 are less fa1.6 and 0.5 percentage points, respec- percent.
vorable—up only slightly for the gross
tively. The higher shares were in
Gross current-dollar fixed invest- ratio, and down for the net.
other labor income (a major part of ment as a percent of GNP on a reThe revised estimates of PDE are
which is employer contributions to vised basis is 16.1 percent for 1977-81, shown in table 18 by major type. A
private pension and profit-sharing more than a point above the percent- flattening in the total beginning in
funds), property income, and transfer age for 1972-76 (table 17). In contrast, 1979 is due to motor vehicles, which
payments. Within property income, net investment as a percentage of net plummet after 1978. Two other types
the share of personal interest income national product, at 6.0 percent, dif- of PDE—agricultural and construcwas up and that of personal dividend fers only slightly from the percentage tion—weaken late in the 1970's, reincome was unchanged. Within trans- for 1972-76. In constant dollars, for flecting weakness in the industries
fer payments, its social security and both the gross and net ratios, changes that purchase them. Among the other
government employee retirement
benefit components were the major
Table 18.—Constant-Dollar Nonresidential Producers' Durable Equipment, by Type
factors in its higher share.
[Billions of 1972 dollars]
As noted earlier, the upward revision in personal saving, which underChange, 1976-81
lies the upward revision in the saving
Billions
1981
1980
1979
1978
1977
1976
of
Percent
rate, is substantial, $22.6 billion in
dollars
1981 (table 8). In contrast, business
120.4
34.3
117.6
120.8
39.8
113.7
99.9
86.1
Total
,.
..
....
saving is revised very little. Within
17.2
-1.3
-7.0
17.4
23.9
25.6
23.1
18.5
Less*
motor
vehicles
,
,.
,....,..,
corporate saving, upward revisions in
capital consumption allowances with Nonvehicle producers' durable equipment....
103.2
35.6
52.7
100.2
96.9
88.1
76.7
67.6
capital consumption adjustment, espe-.9
5.0
5.4
-15.3
6.6
6.4
6.2
5.9
Agricultural machinery and tractors
cially in 1980 and 1981, are roughly
.1
3.7
2.8
3.1
4.2
4.5
3.7
2.7
Construction machinery except tractors ...
offset by downward revisions in undisOffice, computing, and accounting matributed corporate profits with inven14.2
22.2
177.5
19.3
16.2
12.6
9.8
8.0
chinery
,
,
tory valuation and capital consumpElectrical and communication equip8.9
22.0
67.9
21.7
19.9
18.4
16.4
13.1
ment
..
... .
tion adjustments. Accordingly, the
3.9
10.8
56.5
10.5
9.6
9.1
7.7
6.9
Instruments
.
.....
composition of private saving is shifted toward persons. By the end of the
General industrial, including materials
1.3
5.7
29.5
5.8
6.1
5.5
5.0
4.4
handling, equipment
period, persons account for 25.8 per1.8
3.2
128.6
2.9
2.9
1.9
1.5
1.4
Aircraft
cent of private saving on the revised
6.2
31.4
24.6
31.5
31.4
297
264
basis, compared with 22.4 percent on
252
Other
the previously published basis. The
Source: NIPA table 5.7.
percentage accounted for by persons
remains, however, well below that in
Table 19.—Constant-Dollar Inventories, Business Final Sales, and Ratios
the preceding 5-year period. Further,
the gap between internal business
Inventories
Business final
Ratio: Inventories
sales
to business final
saving and fixed investment—a gap
sales
that requires financial intermediaPreviPreviously
PreviRevised
ously
tion—widens given the upward revipubRevised
ously
pubRevised
lished
published
sion in investment. For instance, in
lished
1979, internal business saving is even
307.0
307.0
92.4
92.2
3.32
3.33
a little lower on the revised basis 1976: IV. ..
310.1
309.6
94.0
93.9
3.30
3.30
than on the previously published 1977-III
313.2
313.1
95.5
95.4
3.28
3.28
basis, but the level of fixed investHI....
317.3
317.8
96.7
96.8
3.28
3.29
IV
„ ..
.. ..
320.3
319.3
97.9
97.6
3.26
3.28
ment is up substantially.
323.8
324.6
97.6
97.5
3.32
3.33
Fixed investment—On the basis of 1978-III
329.2
100.4
327.8
100.6
3.26
3.27
HI
330.7
332.5
101.7
101.7
3.25
3.27
the revised estimates, fixed invest336.3
IV
333.3
103.1
103.0
3.23
3.27
ment is substantially higher, largely
339.5
337.2
103.6
103.3
3.25
3.29
in PDE. As shown in table 16, the 1979-III.. ..
341.7
343.0
102.7
3.33
102.8
3.34
104.4
Ill
343.7
344.2
104.6
3.29
3.29
average annual rate of growth for the
IV
..
.,
..
343.6
105.4
343.5
105.4
3.26
3.26
constant-dollar gross investment total
1980-1.
.......
343.3
342.9
106.1
105.8
3.24
3.24
is 4.2 percent, compared with 3.3 perII
343.6
342.3
102.8
102.7
3.34
3.33
HI
..
340.2
103.9
342.3
3.29
103.7
3.28
cent, and that for constant-dollar
IV
338.6
340.6
105.4
3.23
105.0
3.22
PDE is 6.9 percent, compared with 5.3 1981- 1
339.2
340.2
107.3
106.4
3.17
3.19
percent. For net investment, the averII
,
„ .,
342.9
342.3
105.9
3.24
105.2
3.25
Ill .. ..
346.4
346.6
105.9
3.27
105.5
3.28
age annual rates of growth of revised
IV
,
105.2
347.6
347.7
104.6
3.31
3.32
estimates are even higher relative to
1. As of the end of the quarter.
previously published estimates. For
2. Quarterly totals at monthly rates.
Source: NIPA table 5.10.
example, for PDE, the growth rate is




l

2

July

types, office, computing, and accounting machinery, and aircraft are the
fastest growing.
Inventory investment—On the revised basis, the constant-dollar stock
of inventories is a little higher by the
last half of 1977, in 1978, and in 1979
than on the previously published
basis, a little lower in 1980 and
through the second quarter of 1981,
and almost the same in the final two
quarters of that year (table 19). (Because changes in this stock, at annual
rates, are the constant-dollar CBI
component of GNP, the near-identity




SURVEY OF CURRENT BUSINESS

19

of the stocks on the previously published and revised bases at the end of
the revision period points to cumulative quarterly revisions in the CBI
near zero.) Over the period, the stock
grew 13.2 percent.
Final sales of business, an aggregate often compared with inventories
to obtain an overview of the inventory situation, grew at about the same
rate as the stock on both the previously published and revised bases. As
a result, the ratios for both the previously published and revised estimates
of constant-dollar inventories to final
sales of business start and end the

period at almost the same level—3.33
and 3.32 for the revised ratio.
The ratios on a revised basis closely
track the quarterly movements of
those previously published. The revised ratios are a little higher in late
1977 and in 1978, and again in 1981,
and they tend to fluctuate a little
less. An alternative ratio—one that
relates inventories to final sales of
goods and structures—is based on the
assumption that the provision of services requires only minimal inventories. This series is also very similar
on the revised and previously published bases.

SURVEY OF CURRENT BUSINESS

20

July

TABLE A.—SUMMARY NATIONAL INCOME AND PRODUCT ACCOUNTS, 1981
Account 1.—National Income and Product Account
[Billions of dollars]
Line

Line

1 Compensation of employees ..
.
. ... .
2
Wages and salaries
3
Disbursements (2-7)
4
Wage accruals less disbursements (3—12) and (5—4)
5
Supplements to wages and salaries
6
Employer contributions for social insurance (3—20)
7
Other labor income (2-8)..

1,767.6
14940
1,493.9
0
273.6
133.2
140.4

.....
.,

,

8 Proprietors' income with inventory valuation and capital consumption adjustments (2-9)..

33.9

9 Rental income of persons with capital consumption adjustment (2-10)
10 Corporate profits with inventory valuation and capital consumption adjustments ....
11
12
13
14
15
16
17

Profits before tax
Profits tax liability (3-17).
...
.....
Profits after tax
Dividends (2-12).
...
Undistributed profits (5-6)
Inventory valuation adjustment (5-7)
Capital consumption adjustment (5—8) ..

124.7

,
... ..
,
,.
... ........... ...

190.6

2321
81.2
150.9
65.1
85.8
24.6
-16.8

18432
234 6
7345
874 1

.

31 Gross private domestic investment (5—1)
32
Fixed investment....
..
33
Nonresidential
34
Structures
35
Producers' durable equipment ...
36
Residential
37
Change in business inventories....

.. ....

,, ..
,

„
,

38 Net exports of goods and services
39
Exports (4-1) . ...
40
Imports (4-3)

... .....

,. .

41 Government purchases of goods and services (3—1)
42
Federal...
..
43
National defense
44
Nondefense.
,. ..
45
State and local

4715
451 1
3461
1297
216 4
1049
20.5
26.1
3673
3413
5969
2289
1537
752
3680

... .
......

235.7

18 Net interest (2-15)

...

,. ...... 2,352.5

,
20 Business transfer payments (2-20)
21 Indirect business tax and nontax liability (3—18)
..
22 Less* Subsidies less current surplus of government enterprises (3-11)

12.4
2513
6.6

19 National income

27 Personal consumption expenditures (2—3)
28
Durable goods
29
Nondurable goods. ...
30
Services

.,

...

..

2,609.5

23 Charges against net national product

3301

24 Capital consumption allowances with capital consumption adjustment (5—9)
25 Charges against gross national product
..
26 Statistical discrepancy (5-12)

,,.„.
,
.. . ., ...

...

2,939.6
-1.9
2,937.7

GROSS NATIONAL PRODUCT

GROSS NATIONAL PRODUCT

2,9377

...

Account 2.—Personal Income and Outlay Account

1 Personal tax and nontax payments (3—16)

386 7

2 Personal outlays ..
.
3
Personal consumption expenditures (1-27)
,
4
Interest paid by consumers to business (2—18)
..
5
Personal transfer payments to foreigners (net) (4—5)
6 Personal saving (5-3) .

...

1 898 9
1,843.2
55.1
6

..

130.2

7 Wage and salary disbursements (1—3)

...

8 Other labor income (1-7)
9

10 Rental income of persons with capital consumption adjustment (1—9)
11
12
13

Dividends (1-14)
Less* Dividends received by government (3—10)

14
15
16
17
18

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)
.....

...

22 Less* Personal contributions for social insurance (3 21)




.. ..

24158

140.4

Proprietors' income with inventory valuation and capital consumption adjust.......
ments (1-8)

19 Transfer payments to persons
20
From business (1—20)... .
21
From government (3—3)

PERSONAL TAXES, OUTLAYS, AND SAVING

1 493.9

....

..

PERSONAL INCOME

1247

33.9

.....

62.5
651
26
329.0
235.7
983
601
551
.... .....

336.3
124
3239

1049
24158

July

21

SURVEY OF CURRENT BUSINESS
TABLE A.—SUMMARY NATIONAL INCOME AND PRODUCT ACCOUNTS, 1981—Continued
Account 3.—Government Receipts and Expenditures Account
[Billions of dollars]
Line

Line
1 Purchases of goods and services (1—40)

.. ..

2 Transfer payments
3
To persons (2-21)
4
To foreigners (net) (4-6)
5
6
7
g
9

. . .
,

Interest paid
To persons and business (2—16)
To foreigners (4-7)
Less* Interest received by government (2^17)

..

....

5969

16 Personal tax and nontax payments (2—1)

329.6
323.9
5.7

17 Corporate profits tax liability (1-12)
18 Indirect business tax and nontax liability (1-21)

2513

550
115.1
983
16.7
601

19 Contributions for social insurance
20
Employer (1-6)
21
Personal (2-22)

2381
1332
104 9

386 7
812

26

10 Less" Dividends received by government (2—13)
11 Subsidies less current surplus of government enterprises (1—22)

66

....

0

12 Less* Wage accruals less disbursements (1—4)
13 Surplus or deficit ( ) national income and product accounts (5—10)
14
Federal
,
15
State and local

GOVERNMENT EXPENDITURES AND SURPLUS

.....

.

-28.2
-60.0
31.7
957.3

..

GOVERNMENT RECEIPTS

.. .. ...

957,3

Account 4.—Foreign Transactions Account

1 Exports of goods and services (1-39)

367 3

2 Capital grants received by the United States (net) (5-11)

..

11

3 Imports of goods and services (1—40)

3413

4 Transfer payments to foreigners (net)
5
From persons (net) (2-5)
6
From government (net) (3—4)

63
6
57

7 Interest paid by government to foreigners (3—8)

167
4.1

8 Net foreign investment (5—2)

RECEIPTS FROM FOREIGNERS

368.4

368.4

PAYMENTS TO FOREIGNERS

Account 5.—Gross Saving and Investment Account

1 Gross private domestic investment (1—31) «
2 Net foreign investment (4—8)

.....

471 5

...

41

3 Personal saving (2-6) ..

..

,,...„...,

4 Wage accruals less disbursements (1-4)

,

130.2

,

0

„...,

5 Undistributed corporate profits with inventory valuation and capital consumption
adjustments
..
•• .. ......
Undistributed corporate profits (1-15)

6
7
8

Capital consumption adjustment (1—17)

... .. ..

44.4
858
246
-16.8

.. ..

9 Capital consumption allowances with capital consumption adjustment (1—25)

,..,,.,

330.1

10 Government surplus or deficit (— ), national income and product accounts (3-13) ...... -28.2
11

11 Capital grants received by the United States (net) (4-2)
12 Statistical discrepancy (1-26)

GROSS INVESTMENT

..

.

475 6

..

.,

GROSS SAVING AND STATISTICAL DISCREPANCY

,
...

...

-1.9
475.6

Note.—Numbers in parentheses indicate accounts and items of counterentry in the accounts. For example, the counterentry for wage and salary disbursements, (2-7), is in account 2, line 7.




NATIONAL INCOME AND PRODUCT ACCOUNTS TABLES
1. National Product and Income
Table 1.1.—Gross National Product
Millions of dollars
Line

Gross national product

,

Personal consumption expenditures

..

Durable goods ..
Nondurable goods
Services
Gross private domestic investment
Fixed investment...
Nonresidential
Structures
.,
Producers' durable equipment
Residential
.....
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm
Farm

.....

Net exports of goods and services
Exports..
Imports

,

Government purchases of goods and services
Federal
National defense ...
Nondefense
State and local

...

1976

1977

1978

Billions of dollars, seasonally adjusted at annual rates

1979

1980

1

1,718,018 1,918,324 2,163,863 2,417,759

2

1,084,271

3
4
5

156,831
441,715
485,725

178,215
478,812
547,413

200,214
528,237
618,023

6

257,867

324,056

386,592

7
8
9
10
11
12
13
14
15
16
17

246,044
174,069
58,783
115,286
71,975
68,822
1,103
2,050
11,823
13,872
2049

301,049
205,249
64,409
140,840
95,800
91,956
1,548
2,296
23,007
21,868
1,139

360,137
248,893
78,734
170,159
111,244
106,956
1,739
2,549
26,455
25,392
1,063

1,204,440 1,346,474

1977

1981

I

2,633,108 2,937,716

II

1978

rv

III

I

III

IV

1,834.8 1,895.1 1,954.4 1,988.9 2,031.7 2,139.5 2,202.5 2,281.6

1,507,165 1,667,191 1,843,184 1,162.7 1,186.8 1,216.5 1,251.8 1,276.4
213,441
600,028
693,696

II

1,330.7 1,367.5 1,411.3

214,316
670,353
782,522

234,552
734,522
874,110

171.2
466.0
525.5

175.5
474.5
536.8

180.1
480.5
555.9

186.0
494.3
571.5

184.9
502.7
588.8

202.6
519.2
608.8

203.7
534.9
628.8

209.6
556.1
645.6

423,030

402,348

471,537

296.4

319.4

339.6

340.7

354.2

388.5

394.6

409.1

408,769
290,200
98,291
191,909
118,569
113,993
1,707
2,869
14,261
8,592
5,669

412,352
309,164
110,540
198,624
103,188
98,316
1,858
3,014
10004
-5,726
-4,278

451,072
346,123
129,736
216,387
104,949
99,693
2,054
3,202
20,465
14,979
5,486

276.8
191.5
60.0
131.6
85.3
81.6
1.7
2.0
19.6
18.7
1.0

296.2
200.8
63.5
137.3
95.4
91.5
1.6
2.2
23.3
22.3
1.0

307.5
208.2
66.2
142.0
99.3
95.2
1.7
2.4
32.1
31.1
1.0

323.7
220.5
68.0
152.5
103.2
99.4
1.2
2.5
17.1
15.4
1.7

328.9
226.8
70.0
156.8
102.1
98.0
1.7
2.5
25.3
24.3
1.0

357.7
245.8
77.6
168.2
111.9
108.1
1.3
2.6
30.8
29.8
1.0

371.1
256.4
81.9
174.5
114.8
110.3
2.0
2.5
23.5
22.4
1.0

382.8
266.6
85.4
181.1
116.2
111.5
2.1
2.6
26.2
25.0
1.3

-11.7

-11.7

-4.1

18

13,780

3,986

1,116

13,213

25,194

26,060

-2.1

-1.8

-0.4

1.2

10.1

., 19
20

170,876
157,096

182,744
186,730

218,718
219,834

281,358
268,145

339,219
314,025

367,332
341,272

177.9
180.0

185.1
186.8

186.8
187.2

181.2
192.9

195.6
207.2

213.1
217.2

224.0
222.9

242.1
232.0

21

362,100

393,814

431,913

474,351

538,375

596,935

377.9

390.7

398.7

408.0

412.8

424.4

439.3

451.1

22
23
.. 24
25

129,174
85,964
43,210
232,926

143,444
92,825
50,619
250,370

153,587
100,273
53,314
278,326

168,343
111,839
56,504
306,008

197,180
131,360
65,820
341,195

228,947
153,732
75,215
367,988

135.8
90.6
45.1
242.1

142.2
92.7
49.6
248.4

146.2
93.5
52.7
252.5

149.5
94.5
55.0
258.4

147.3
95.3
52.0
265.5

149.2
99.7
49.5
275.3

156.1
101.7
54.4
283.2

161.8
104.4
57.4
289.3

Billions of dollars, seasonally adjusted at annual rates

1979

Line

1980

1982

1981

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

Gross national product

1

2,335.5

2,377.9

2,454.8

2,502.9

2,575.9

2,573.4

2,643.7

2,739.4

2,864.9

2,901.8

2,980.9

3,003.2

2,995.5

3,047.4

Personal consumption expenditures

2

1,446.3

1,476.0

1,528.3

1,578.0

1,618.7

1,622.2

1,682.0

1,745.8

1,799.9

1,819.4

1,868.8

1,884.5

1,919.4

1,950,8

3
4
5

211.1
569.3
666.0

208.7
586.0
681.3

217.3
609.3
701.7

216.6
635.5
725.9

220.8
650.6
747.3

199.0
656.7
766.6

212.7
673.7
795.6

224.7
700.5
820.6

236.9
720.6
842.4

230.4
729.6
859.4

241.2
741.3
886.3

229.6
746.5
908.3

237.9
749.1
932.4

242.6
756.5
951.6

Durable goods .
Nondurable goods

..

Gross private domestic investment
Fixed investment
Nonresidential
Structures
..,,,.
Producers' durable equipment
Residential
„
Nonfarm structures ..
,
Farm structures
Producers' durable equipment
Change in business inventories
Nonfarm
Farm

.,

,,,,

Net exports of goods and services
Exports
Imports

t

Government purchases of goods and services ..
Federal
National defense
Nondefense
State and local..

,
..

6

415.1

428.3

431.9

416.8

424.0

391.0

384.1

410.3

455.7

475.5

486.0

468.9

414.8

429.1

7
8
9
10
11
12
13
14
15
16
17

393.5
277.1
89.2
187.9
116.4
112.3
1.5
2.7
21.5
16.5
5.0

401.9
283.7
94.6
189.1
118.2
114.3
1.1
2.8
26.4
20.9
5.5

420,2
298.4
102.3
196.1
121.8
117.1
1.7
3.0
11.8
4.7
7.0

419.4
301.6
107.1
194.5
117.8
112.3
2.5
3.0
-2.6
-7.8
5.1

424.6
311.2
110.9
200.2
113.5
107.4
3.1
3.0
-0.7
0.7
-1.4

391.4
300.2
109.1
191.2
91.2
86.9
1.4
2.9
04
4.0
44

405.3
307.8
109.5
198.2
97.6
93.5
1.0
3.0
-21.2
154
-5.8

428.0
317.5
112.6
204.9
110.5
105.4
2.0
3.1
-17.7
-12.3
-5.5

443.5
330.0
119.6
210.4
113.6
109.1
1.3
3.2
12.2
10.0
2.2

450.9
341.3
127.0
214.3
109.5
104.7
1.6
3.2
24.6
19.3
5.3

454.2
353.0
132.7
220.2
101.2
95.6
2.4
3.2
31.8
24.6
7.2

455.7
360.2
139.6
220.6
95.5
89.4
2.9
3.2
13.2
6.0
7.2

450.4
357.0
141.4
215.6
93.4
87.9
2.4
3.1
35.6
36.0
0.4

448.8
354.0
143.2
210.8
94.7
88.7
2.8
3.2
-19.7
-19.2
05

18

17.2

9.1

16.1

10.5

14.0

24.2

39.0

23.5

31.2

23.7

25.9

23.5

31.3

35.6

365.4
334.2

19
20

256.1
238.9

268.2
259.1

290.6
274.5

310.5
300.0

335.7
321.7

337.3
313.1

337.2
298.2

346.7
323.2

21

456.9

464.5

478.5

497.6

519.2

536.0

538.5

559.8

22
23
24
.. . 25

164.4
106.6
57.8
292.5

163.2
109.0
54.2
301.2

168.0
112.7
55.3
310.5

177.8
119.0
58.7
319.8

189.6
126.8
62.8
329.6

198.8
130.0
68.8
337.2

193.3
130.5
62.8
345.2

207.0
138.1
68.9
352.8

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

22




368.9
345.1

367.2
341.3

367.9
344.4

359.9
328.6

360.9
325.3

578.1

583.2

600.2

626.3

630.1

631.9

217.0
143.1
73.9
361.1

218.2
150.5
67.7
365.0

230.0
154.4
75.7
370.1

250,5
166.9
83.6
375.7

249.7
166.2
83.5
380.4

244.1
172.2
71.9
387.8

SURVEY OF CURRENT BUSINESS

July

23

Table 1.2.—Gross National Product in Constant Dollars
[Billions of 1972 dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1978

1980

1979

1981

1978

1977

m

1,400.0

1,437.0

1,448.8

1,468.4

880.4

883.8

901.1

908.6

919.2

136.9
331.9
389.2

139.2
332.4
395.7

142,0
338.7
399.7

139.4
339.1
405.3

149.8
341.0
410.3

147.9
345.3
415.4

150.1
352.2
416.9

1,298.2

1,369.7

1,438.6

1,479.4

1,474.0

1,502.6

1,341.3

1,363.3

823.1

864.3

903.2

927.6

930.5

947.6

851.7

858.0

3
4
5

126.6
321.9
374.7

138.0
333.4
393.0

146.8
344.4
412.0

147.2
353.1
427.3

137.1
355.8
437.6

140.0
362.4
445.2

133.9
330.6
387.1

6

,

Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential...
Nonfarm structures
Farm structures
,
,
Producers' durable equipment
Change in business inventories
Nonfarm
Farm
Net exports of goods and services
Exports
Imports..
Government purchases of goods and services
Federal
National defense
Nondefense
State and local

rv

867.3

1
2

Durable goods
.,
Nondurable goods
Services

m

1,385.8 1,388.4

,

Personal consumption expenditures

Gross national product..

IV

184.5

214,2

236.7

236.3

208.4

225.8

201.7

213.7

222.8

218.5

226.7

239.9

238.0

242.2

,.., 7
8
9
10
11
12
..,..,
13
14
15
16
..,.,, 17

176.7
125.6
39.5
86.1
51.2
48.7
0.8
1.7
7.8
9.6
-1.9

200.9
140.3
40.4
99.9
60.7
57.9
1.0
1.8
13.3
13.6
-0.3

220.7
158.3
44.6
113.7
62.4
59.5
1.0
1.9
16.0
16.0
0.0

229.1
169.9
49.1
120.8
59.1
56.3
0.8
2.0
7.3
4.9
2.4

213.3
166.1
48.5
117.6
47.2
44.3
0.8
2.0
-5.0
-2.9
-2.1

216.9
172.0
51.6
120.4
44.9
42.1
0.9
2.0
9.0
6.8
2.1

191.2
134.5
38.9
95.6
56.7
54.0
1.1
1.6
10.5
10.9
-0.5

199.9
138.8
40.2
98.6
61.2
58.4
1.1
1.8
13.8
14.2
-0.5

204.0
141.2
41.3
99.9
62.8
59.8
1.1
1.9
18.7
19.2
-0.4

208.4
146.5
41.2
105.4
61.9
59.2
0.7
2.0
10.1
10.0
0.1

209.4
148.5
41.9
106.7
60.9
58.0
1.0
1.9
17.3
17.3
0.0

221.5
157.9
44.7
113.1
63.7
61.0
0.7
1.9
18.4
18.4
-0.1

224.8
161.6
45.7
115.9
63.1
60.2
1.1
1.9
13.3
13.3
0.0

227.1
165.2
46.2
119.0
61.8
58.8
1.1
1.9
15.2
15.1
0.1

18

25.4

22.0

24.0

37.2

50.6

42.0

22.3

22.6

24.9

18.1

19.1

22.4

25.3

29.3

19
„...„.. 20

110.1
84.7

112.9
90.9

126.7
102.7

146.2
109.0

159,2
108.6

158.5
116.4

111.0
88.7

113.9
91.3

115.2
90.3

111.4
93.2

118.1

124.3
101.9

128.8
103.5

135.6
106.2

21

265.2

269.2

274.6

278.3

284.6

287.1

270.8

271.4

273.6

276.8

277.7

22
23
24
25

96.8
64.9
31.8
168.4

100.4
65.4
35.0
168.8

100.3
65.7
34.7
174.3

102.1
67.4
34.8
176.2

106.5
70.1
36.4
178.1

110.4
73.5
36.8
176.7

97.6
65.5
32.1
168.0

100.2
65.9
34.3
168.8

102.2
65.8
36.4
168.6

101.8
64.5
37.3
169.6

99.0
66.0
33.0
174.7

101.1
66.4
34.7
175.7

102.4
66.2
36.2
175.3

64.1
34.7
171.6

Seasonally adjusted at annual rates

1979

Line

Gross national product
Personal consumption expenditures..
Durable goods
Nondurable goodsServices

1980

III

IV

IV

1,469.2

1,486.6

1,489.3

1,494.9

1,457.8

1,463.8

1,479.4

1,507.8

1,502.2

1,510.4

1,490.1

1,470.7

1,476.8

919.5

930.9

938.6

937.0

915.8

928.0

941.0

951.1

944.6

951.4

943.4

949.1

956.3

148.6
349.9
422.8

144.9
349.2
425.4

149.1
353.4
428.5

146.3
359.8
432.6

145.4
357.8
433.9

128.9
352.7
434.3

134.6
353.7
439.7

139.5
359.0
442.5

145.3
361.6
444.2

138.6
361.7
444.3

142.2
363.0
446.2

134.1
363.1
446.2

137,5
362,2
449.5

139.0
365.7
451.6

221.6

229.5

218.9

195.4

200.5

215.9
166.4
47.5
118.9
49.5
46.6
0.9
2.0
-6.2
-3.7
-2.5

219.2
169.7
49.5
120.1
49.6
47.0
0.6
2.0
2.4
2.0
0.4

217.4
170.1
51.0
119.1
47.3
44,6
0.7
2.0
12.1
10.2
1.9

216.9
173.9
52.5
121.4
42.9
39.9
1.0
2.0
16.5
13.6
3.0

214.1
174.2
53.3
120.9
39.9
36.7
1.2
2.0
4.8
1.6
3.2

210.8
172.0
53.5
118.5
38.9
36.0
1.0
1.9
-15.4
-15.6
0.2

207.4
168.2
53.7
114.5
39.2
36.1
1.1
1.9
-6.9
-6.6
-0.3

241.5

241.3

237.2

225.3

222.7

201.9

199.2

228.6
168.0
46.6
121.3
60.7
57.9
0.8
1.9
12.9
10.8
2.1

227.6
168.0
48.2
119.7
59.6
57.0
0.6
2.0
13.7
11.5
2.3

232.4
172.9
50.4
122.5
59.5
56.6
0.8
2.1
4.8
1.6
3.1

227.6
170.9
51.2
119.7
56.7
53.4
1.2
2.1
-2.3
-4.4
2.1

225.3
171.9
51.1
120.8
53.4
49.9
1.4
2.1
-2.6
-1.9
-0.7

204.4
162.4
48.5
113.9
42.0
39.4
0.6
2.0
-2.5
-0.1
-2.4

207.8
163.8
47.1
116.7
44.0
41.5
0.5
2.0
-8.5
-5.7
-2.8

Government purchases of goods and servicesFederal
National defense..,
Nondefense ...„...„.
State and local

33.4

31.5

39.8

44.2

50.5

53.2

53.1

45.6

48.2

44.2

39.2

36.5

36.9

35.6

138.8
105.4

140.4
109.0

149.2
109.4

156.4
112.2

164.4
113.9

161.2
108.0

155.9
102.8

155.1
109.6

159.3
111.1

159,7
115.5

157.8
118.7

156.9
120.4

151.7
114.7

152.3
116.8

276.4

276.8

278.8

281.2

284.7

286.9

283.4

283.2

286.4

291.3

289.2

284.5

102.2
66.4
35.8
174.2

101.0
67.1
33.8
175.9

103.4
68.2
35.2
177.8

106.4
70.3
36.1
178.3

109.1
70.4
38.7
177,8

107.9
71.0

107.0
72.9
34.1
176.9

116.0
76.1
39.9
175.3

114.4
74.5
39.8
174.9

109.4
75.8
33.6
175.0

101.9
67.7
34.2
176.8

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




IV

921.2

Fixed investment
.......
Nonresidential..
Structures
Producers' durable equipment..
Residential
Nonfarm structures
Farm structures...
Producers' durable equipmentChange in business inventories
Nonfarm....,..,
,
Farm
,

Exports..
Imports-

III

1,472.6

Gross private domestic investment....

Net exports of goods and services..

1982

1981

III

105.5
70.0
35.5
177.9

104.8
69.6
35.2
178.4

179.0

110.7
74.3
36.5
175.7

24

SURVEY OF CURRENT BUSINESS

July

Table 1.3.—Gross National Product by Major Type of Product
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1978

1979

1980

1981

1977
I

II

1978
III

IV

I

III

II

IV

Gross national product

1

1,718.0

1,918.3

2,163.9

2,417.8

2,633.1

2,937.7

Final sales .. ..
Change in business inventories

2
3

1,706.2
11.8

1,895.3
23.0

2,137.4
26.5

2,403.5
14.3

2,643.1
-10.0

2,917.3 1,815.2 1,871.9 1,922.3
20.5
19.6
32.1
23.3

4

771.1

855.0

958.6

1,065.6

1,141.9

1,289.2

819.9

847.0

873.8

879.5

889.3

951.1

976.1 1,017.8

5
...... 6

759.3
11.8

832.0
23.0

932.1
26.5

1,051.3
14.3

1,151.9
-10.0

1,268.7
20.5

800.3
19.6

823.7
23.3

841.7
32.1

862.4
17.1

864.0
25.3

920.3
30.8

952.7
23.5

991.5
26.2

Durable goods
.
Final sales
Change in business inventories 1

7
8
9

320.2
312.5
7.7

365.2
354.9
10.4

421.2
402.1
19.1

464.8
454.3
10.5

477.3
482.5
52

528.1
519.4
8.7

348.9
342.9
6.0

362.3
351.6
10.8

372.5
357.4
15.1

377,2
367.6
9.6

387.0
366.5
20.5

420.3
401.8
18.5

427.8
411.1
16.7

449.7
428.9
20.7

Nondurable goods
.....
Final sales
Change in business inventories *

10
11
12

450.9
446.7
4.2

489.8
477.2
12.6

537.4
530.1
7.3

600.8
597.0
3.8

664.6
669.4
-4.8

761.1
749.4
11.7

471.0
457.3
13.6

484.6
472.2
12.5

501.3
484.3
17.0

502.3
494.9
7.5

502.3
497.5
4.8

530.8
518.5
12.3

548.3
541.6
6,7

568.1
562.6
5.5

Services

13

779.3

867.2

972.2

1,089.7

1,225.5

1,364.3

834.0

852.3

879.6

902.9

932.8

955.7

983.8

1,016.4

Structures

14

167.6

196.1

233.1

262.5

265.7

284.2

180.9

195.9

201.0

206.4

209.6

232.8

242.7

247.4

15
16

1,704.2
1,692.4

1,922.3
1,899.3

2,165.0
2,138.5

2,404.5
2,390.3

2,607.9
2,617.9

Goods
Final sales
Change in business inventories

1,834.8 1,895.1 1,954.4 1,988.9 2,031.7

2,139.5 2,202.5 2,281.6

1,971.8 2,006.4 2,108.7 2,179.1 2,255.4
17.1
25.3
30.8
23.5
26.2

Addenda:
Gross domestic purchases 2
.
Final sales to domestic purchasers 2

..

....

2,911.7 1,837.0 1,896.9
2,891.2 1,817.4 1,873.6

1,954.8 2,000.6 2,043.4 2,143.6 2,201.4 2,271.5
1,922.7 1,983.5 2,018.1 2,112.8 2,177.9 2,245.3

Seasonally adjusted at annual rates

Gross national product.

Goods

..

IV

I

II

III

1982

IV

I

II

III

IV

I

II

2,377.9

2,454.8

2,502.9

2,575.9

2,573.4

2,643.7

2,739.4

2,864.9

2,901.8

2,980.9

3,003.2

2,995.5

3,047.4

2,314.0
21.5

2,351.5
26.4

2,443.1
11.8

2,505.5
2.6

2,576.6
-0.7

2,573.9
-0.4

2,664.8
-21.2

2,757.1
17.7

2,852.7
12.2

2,877.2
24.6

2,949.1
31.8

2,989.9
13.2

3,031.1
-35.6

3,067.0
-19.7

4

1,042.1

1,051.2

1,079.4

1,089.8

1,125.2

1,114.5

1,140.4

1,187.4

1,265.3

1,276.1

1,317.0

1,298.4

1,269.4

1,290.1

5
6

1,020.5
21.5

1,024.8
26.4

1,067.6
11.8

1,092.4
2.6

1,125.8
-0.7

1,114.9
-0.4

1,161.6
-21.2

1,205.1
17.7

1,253.1
12.2

1,251.4
24.6

1,285.1
31.8

1,285.2
13.2

1,305.0
35.6

1,309.8
-19.7

... ..... ...... 7
8
9

464.1
444.9
19.2

460.2
442.6
17.6

472.5
465.0
7.5

462.4
464.7
-2.3

476.4
488.1
-11.8

461.0
461.4
0,5

468.1
481.2
13 1

503.7
499.2
4.6

522.0
519.8
2.2

538.2
519.7
18.5

547.3
527.5
19.8

504.9
510.5
-5.6

482.4
513.2
-30.9

506.7
513.0
-6.3

10
11
„..
........ 12

578.0
575.6
2.3

590.9
582.1
8.8

606.8
602.6
4.3

627.4
627.7
-0.3

648.8
637.7
11.1

653.5
653.5
0.0

672.3
680.4
-8.1

683.6
705.9
223

743.3
733.3
10.0

737.8
731.7
6.1

769.7
757.6
12.0

793.6
774.7
18.9

787.0
791.8
-4.8

783.4
796.8
13.4

.....

Nondurable goods
Final sales ..
Change in business inventories 1

III

2,335.5

...

Durable goods ...
... ..........
Final sales
Change in business inventories 1

II

, 1

..

Final sales ..
..
Change in business inventories

1981

I

.... 2
3
....

,

Final sales
Change in business inventories

1980

1979

Line

...

Services
Structures

.... 13

1,045.8

1,069.4

1,104.0

1,139.5

1,174.7

1,207.2

1,243.3

1,277.0

1,313.5

1,340.2

1,382.1

1,421.5

1,444.4

1,471.9

.......... 14

247.6

257.3

271.4

273.6

276.0

251.8

259.9

275.1

286.1

285.6

281.9

283.3

281.7

285.3

15
16

2,318.3
2,296.7

2,368.8
2,342.4

2,438.8
2,427.0

2,492.3
2,495.0

2,561.9
2,562.6

2,549.2
2,549.6

2,604.6
2,625.8

2,715.9
2,733.6

2,833.8
2,821.6

2,878.1
2,853.5

2,955.0
2,923.2

2,979.7
2,966.5

Addenda:
Gross domestic purchases 2
Final sales to domestic purchasers 2

,.„

2,964.2 . 3,011.7
2,999.8 3,031.4

1
Prior
2

to 1959, inventories held by construction establishments are included in line 12.
Gross domestic purchases equals gross national product less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.4.—Gross National Product by Major Type of Product in Constant Dollars
[Billions of 1972 dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1978

1979

1980

1981
I

Gross national product

..

Final sales
Change in business inventories
Goods

,

Final sales.....
Change in business inventories .. .
Durable goods
Final sales

,

.....

Nondurable goods
,
Final sales
.. ..
Change in business inventories 1
Services
Structures

..

1978

1977
II

III

IV

I

II

III

IV

1

1,298.2

1,369.7

1,438.6

1,479.4

1,474.0

1,502.6

2
3

1,290.4
7.8

1,356.4
13.3

1,422.6
16.0

1,472.2
7.3

1,479.0
50

1,493.7 1,330.8 1,349.5 1,367.0
9.0
10.5
13.8
18.7

4

587.2

628.1

662.0

677.7

667.9

689.5

612.9

625.2

636.9

637.2

636.9

662.2

666.4

682.3

5
6

579.4
7.8

614.8
13.3

645.9
16.0

670.4
7.3

672.9
5.0

680.5
9.0

602.4
10.5

611.5
13.8

618.1
18.7

627.1
10.1

619.6
17.3

643.9
18.4

653.1
13.3

667.1
15.2

7
8
9

248.1
242.7
5.4

271.6
264.7
6.9

297.2
285.4
11.8

305.3
299.1
6.2

288.3
290.8
-2.6

293.1
289.3
3.8

262.9
258.7
4.2

271.2
264.1
7.2

275.7
265.9
9.9

276.6
270.0
6.5

279.8
266.7
13.1

299.0
287.8
11.2

300.3
290.4
9.9

309.4
296.7
12.8

10
11
12

339.1
336.7
2.4

356.5
350.1
6.3

364.8
360.5
4.3

372.4
371.3
1.1

379.7
382.1
2.4

396.3
391.2
5.1

350.1
343.8
6.3

354.0
347.4
6.6

361.1
352.3
8.9

360.6
357.0
3.6

357.0
352.9
4.1

363.2
356.0
7.2

366.1
362.7
3.3

372.9
370.5
2.4

13

595.0

617.3

644.7

670.7

687.1

695.6

608.8

612.4

621.9

626.1

637.5

640.7

647.4

653.2

14

116.0

124.4

131.9

131.0

118.9

117.6

119.6

125.6

127.0

125.2

125.7

134.1

135.0

132.9

15
16

1,272.8
1,265.0

1,347.7
1,334.4

1,414.5
1,398.5

1,442.2
1,435.0

1,423.4
1,428.4

1,341.3 1,363.3 1,385.8 1,388.4 1,400.0

1,437.0 1,448.8

1,468.4

1,378.3 1,382.8 1,418.6 1,435.5
18.4
10.1
17.3
13.3

1,453.2
15.2

Addenda:
Gross domestic purchases 2 ..
.....
Final sales to domestic purchasers 2




1,460.6 1,319.0 1,340.6 1,360.8 1,370.3 1,380.9 1,414.6 1,423.5 1,439.1
1,451.6 1,308.5 1,326.9 1,342.1 1,360.2 1,363.7 1,396.3 1,410.2 1,423.9

SURVEY OF CURRENT BUSINESS

July

25

Table 1.4.—Gross National Product by Major Type of Product in Constant Dollars—Continued
[Billions of 1972 dollars]
Seasonally adjusted at annual rates

1979

Line

Gross national product...
Final sales
Change in business inventories
Goods
Final sales
Durable goods
Final sales
Change in business inventories *

,,„ .,

Nondurable goods
..
Final sales...
Change in business inventories 1
Services
Structures.

..

...

1980

1982

1981

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

1

1,472.6

1,469.2

1,486.6

1,489.3

1,494.9

1,457.8

1,463.8

1,479.4

1,507.8

1,502.2

1,510.4

1,490.1

1,470.7

1,476.8

2
.. 3

1,459.7
12.9

1,455.4
13.7

1,481.9
4.8

1,491.6
23

1,497.5
26

1,460.3
-2.5

1,472.3
85

1,485.7
-6.2

1,505.4
2.4

1,490.1
12.1

1,493.9
16.5

1,485.3
4.8

1,486.1
-15.4

1,483.7
-6.9

4.

681.4

671.9

678.7

678.7

682.5

658.2

659.5

671.6

692.8

689.8

697.2

678.0

661.8

665.2

5
6

668.5
12.9

658.1
13.7

673.9
4.8

681.0
23

685.1
26

660.7
-2.5

668.0
85

677.8
62

690.4
2.4

677.7
12.1

680.7
16.5

673.2
4.8

677.2
-15.4

672.1
-6.9

7
8
9

313.0
301.3
11.7

303.6
293.6
10.0

306.2
302.3
3.9

298.3
299.3
-1.0

299.5
304.2
-4.7

278.6
279.8
12

280.8
286.9
-6.2

294.2
292.4
1.8

298.9
298.9
0.1

299.6
290.5
9,1

298.8
290.2
8.6

275.1
277.6
-2.5

265.0
278.7
13.7

273.4
276.3
-2.9

10
11
12

368.4
367.2
1.2

368.2
364.5
3.7

372.5
371.6
0.8

380.4
381.7
1.3

383.0
380.8
2.2

379.6
380.9
-1.3

378.7
381.1
-2.4

377.4
385.5
8.0

393.8
391.5
2.3

390.3
387.2
3.0

398.4
390.5
7.9

402.9
395.6
7.3

396.8
398.5
-1.7

391.8
395.8
-3.9

13

661.8

666.8

674.7

679.4

684.2

686.0

690.0

688.2

693.1

693.2

697.5

698.6

697.0

699.1

14

129.4

130.5

133.2

131.2

128.3

113.6

114.3

119.6

121.9

119.2

115.7

113.4

111.9

112.5

15
16

1,439.2
1,426.3

1,437.7
1,424.0

1,446.9
1,442.1

1,445.1
1,447.4

1,444.4
1,447.0

1,404.6
1,407.1

1,410.7
1,419.2

1,433.9
1,440.1

1,459.6
1,457.2

1,458.0
1,445.9

1,471.2
1,454.7

1,453.6
1,448.8

1,433.8
1,449.2

1,441.2
1,448.1

Addenda:
Gross domestic purchases 2
Final sales to domestic purchasers 2...
1

Prior to 1959, inventories held by construction establishments are included in line 12.
Gross domestic purchases equals gross national product less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.
2

Table 1.5.—Gross National Product by Sector
[Billions of dollars]
Seasonally adjusted at annual rates

1976

Line

Gross national product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm.
,
Statistical discrepancy

,.
.. ...,,., ..

Government
Federal..
State and local

..
........

1977

1981

1978

I

II

III

IV

I

II

2,031.7

2,139.5

1

1,718.0

1,918.3

2,163.9

2,417.8

2,633.1

2,937.7

1,834.8

1,895.1

1,954.4

1,988.9

1,697.5

1,894.9

2,134,3

2,375.2

2,587.0

2,888.5

1,811.6

1,871.6

1,930.0

1,966.2 f -2,002.8 2,113.6

3
4
5
6
7
8

1,447.3
1,396.3
1,266.2
130.1
45.9
5.1

1,624.0
1,574.2
1,428.0
146,2
48.4
1.4

1,837.2
1,781.0
1,617.5
163.5
58.7
-2.6

2,052.1
1,982.1
1,799.0
183.1
71.6
-1.5

2,228.8
2,159.5
1,951.0
208.5
65.4
3.9

2,492.4
2,418.5
2,188.9
229.6
75.8
1.9

1,549.3
1,491.9
1,351.6
140.3
47.4
10.0

1,605.0 1,657.4 1,684.2 1,714.8
1,555.7 1,609.4 1,639.9 1,671.9
1,411.6 1,461.3 1,487.6 1,515.6
144.1
148.1
152.3
156.4
46.1
48.6
51.5
53.1
3.2
07
7 1 -10.3

55.6
5.4
50.3

60.5
5.9
54.6

67.8
6.2
61.5

75.6
6.5
69.1

85.4
6.6
78.8

96.4
7.0
89.4

58.2
5.8
52.5

59.4
5.8
53.5

61.2
6.1
55.1

63.4
6.1
57.3

194.6
62.4
132.3

210.3
66.3
144.0

229.3
71.7
157.6

247.4
75.7
171.8

272.8
82.9
189.9

299.7
92.3
207.4

204.1
65.1
139.0

207.3
65.3
142.0

211.3
65.6
145.7

15

20.5

23.5

29.6

42.6

46.1

49.2

23.2

23.5

24.5

16

1,312.7

1,472.4

1,667.7

1,861.9

2,012.0

2,253.5

12
,....,.„ 13
14

Rest of the world

1980

2

9
10
11

Households and institutions ..
Private households
Nonprofit institutions

1979

1978

1977

/

III

IV

2,202.5 2,281.6
2,173.0

2,247.5

1,820.5
1,763.9
1,602.9
161.0
57.8
-1.3

1,873.6
1,813.9
1,648.1
165.8
60.3
06

1,939.9
1,874.3
1,703.4
170.9
63.7
1.9

65.2
6.2
59.0

66.8
6.1
60.6

68.7
6.3
62.5

70.5
6.4
64.1

218.6
69.4
149.2

222.9
70.1
152.7

226.4
70.9
155.5

230.7
71.5
159.2

237.2
74.4
162.8

22.7

28.9

25.9

29.5

34.1

Addendum:
Gross domestic business product less housing

Seasonally adjusted at annual rates

1979 _

Line

Gross national product...
Gross domestic product
Business
Nonfarm
,
Nonfarm less housing,
Housing
,.
Farm
Statistical discrepancy...

,....,
,.

Households and institutions
Private households..
Nonprofit institutions
, ...
Government
. ...
Federal
State and local ,,
Rest of the world......

,

1980

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

1

2,335.5

2,377.9

2,454.8

2,502.9

2,575.9

2,573.4

2,643.7

2,739.4

2,864.9

2,901.8

2,980.9

3,003.2

2,995.5

3,047.4

2

2,299.0

2,337.7

2,408.2

2,455.9

2,527.2

2,526.6

2,597.8

2,696.5

2,817.9

2,855.2

2,931.2

2,949.8

2,949.6

2,999.2

3
4
5
6
7
8

1,985.9
1,921.2
1,745.8
175.4
70.4
57

2,019.5
1,955.6
1,775.6
180.0
73.1
92

2,083.0
2,009.3
1,823.9
185.4
71.6
2.2

2,120.2
2,042.2
1,850.6
191.6
71.2
6.8

2,183.3
2,106.4
1,908.2
198.3
66.3
10.5

2,173.7
2,108.6
1,903.2
205.4
61.2
3.8

2,237.2
2,168.0
1,955.8
212.2
67.0
2.2

2,321.1
2,255.2
2,037.0
218.2
66.9
-1.0

2,433.4
2,357.5
2,134.9
222.6
70.8
5.1

2,463.9
2,394.6
2,167.8
226.8
73.9
-4.6

2,533.9
2,454.7
2,223.0
231.7
80.1
08

2,538.6
2,467.4
2,229.9
237.4
78.4
72

2,530.6
2,465.1
2,222.8
242.3
72.9
-7.5

2,573.6
2,507.0
2,260.6
246.3
74.0
-7.5

9
10
11

72.5
6.4
66.1

74.2
6.2
68.0

76.8
6.7
70.1

79.0
6.6
72.4

81.5
6.6
74.9

84.0
6.5
77.4

86.5
6.5
80.0

89.7
6.7
83.0

92.9
7.0
85.9

95.2
7.0
88.2

97.1
7.1
90.1

100.3
7.1
93.3

103.3
7.1
96.2

105.3
7.1
98.1

12
13
14

240.6
74.5
166.1

244.0
74.6
169.5

248.5
74.8
173.7

256.7
78.9
177.8

262.4
79.8
182.7

269.0
81.4
187.6

274.0
81.6
192.4

285.8
88.7
197.0

291.6
89.9
201.7

296.2
90.5
205.6

300.1
91.0
209.2

310.9
97.9
213.0

315.8
98.6
217.1

320.4
99.0
221.4

15

36.5

40.2

46.6

47.0

48.7

46.8

45.9

42.9

47.1

46.6

49.7

53.3

45.8

48.2

Addendum:
Gross domestic business product less housing......

16

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




1982

1981

I

26

SURVEY OF CURRENT BUSINESS

July

Table 1.6.—Gross National Product by Sector in Constant Dollars
[Billions of 1972 dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1978

1979

1980

1977

1981
I

Gross national product
Gross domestic product

,

Business
Nonfarin
,
Nonfarm less housing
Housing
Farm
Statistical discrepancy
••

,

Households and institutions

.<

Nonprofit institutions
Government...
Federal
State and local

..

Rest of the world

1978
I

III

IV

1,385.8

1,388.4

II

II

III

IV

1

1,298.2

1,369.7

1,438.6

1,479.4

1,474.0

1,502.6 1,341.3 1,363.3

2

1,282.6

1,352.8

1,418.7

1,453.2

1,447.9

1,477.2 1,324.2 1,346.2 1,368.3 1,372.5 1,379.9 1,419.4 1,429.2 1,446.3

3
4
5
6
7
8

1,095.4
1,059.5
952.5
107.0
32.1
3.8

1,163.7
1,129.5
1,016.0
113.5
33.1
1.0

1,224.3
1,193.5
1,074.8
118.7
32.6
18

1,255.6
1,222.4
1,098.5
123.9
34.2
-1.0

1,246.7
1,210.3
1,080.7
129.6
34.2
2.2

1,274.3 1,136.7 1,158.4 1,178.5 1,181.0 1,186.9 1,225.3 1,234.1 1,250.8
1,236.8 1,097.1 1,124.4 1,144.1 1,152.3 1,160.1 1,194.2 1,201.9 1,217.6
1,105.5
985.6 1,011.8 1,030.0 1,036.7 1,043.4 1,076.3 1,082.5 1,096.8
131.4
114.1
115.7
116.7
111.5
112.6
117.9
119.5
120.8
38.4
32.3
31.7
34.9
33.6
34.0
32.0
32.6
31.9
-0.9
7.3
-5.0
2.3
-0.5
-7.1
-0.9
-0.4
1.3

9
10
11

40.9
3.7
37.2

41.5
3.8
37.6

43.3
3.8
39.5

44.6
3.6
41.0

45.8
3.4
42.4

46.9
3.3
43.6

40.6
3.7
36.9

40.9
3.8
37.2

41.7
3.9
37.8

42.6
3.9
38.7

42.8
3.9
38.9

43.1
3.7
39.4

43.4
3.7
39.7

43.7
3.7
40.0

12
13
14

146.3
48.5
97.8

147.7
48.6
99.1

151.2
49.3
101.9

153.0
49.0
104.1

155.4
49.5
105.9

156.0
49.7
106.3

146.8
48.5
98.3

147.0
48.5
98.4

148.0
48.7
99.3

148.9
48.8
100.1

150.2
49.0
101.2

151.0
49.3
101.7

151.6
49.5
102.2

151.8
49.2
102.5

15

15.6

16.9

19.9

26.3

26.1

25.4

17.1

17.0

17.5

16.0

20.1

17.6

19.6

22.2

16

986.1

1,048.1

1,103.5

1,129.8

1,115.4

1,141.4

1,400.0 1,437.0 1,448.8 1,468.4

Addendum:
Gross domestic business product less housing

Seasonally adjusted at annual rates

1979

Line

Gross national product
Gross domestic product
Business
Nonfarin
,
Nonfarm less housing
Housing
Farm
,
Statistical discrepancy-

.....

1980

1981

1982

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

1

1,472.6

1,469.2

1,486.6

1,489.3

1,494.9

1,457.8

1,463.8

1,479.4

1,507.8

1,502.2

1,510.4

1,490.1

1,470.7

1,476.8

2

1,449.3

1,444.1

1,458.1

1,461.1

1,466.4

1,431.0

1,438.1

1,456.0

1,482.8

1,477.8

1,485.0

1,463.3

1,448.0

1,453.3

3
4
5
6
7
8

1,253.1
1,223.7
1,101.4
122.3
33.0
-3.6

1,246.9
1,218.0
1,094.5
123.5
34.7
-5.7

1,259.8
1,224.1
1,099.8
124.4
34.4
1.3

1,262.4
1,223.7
1,098.3
125.4
34.7
4.0

1,266.6
1,224.9
1,097.6
127.4
35.6
6.1

1,230.0
1,192.6
1,063.2
129.4
35.3
2.1

1,236.2
1,200.9
1,070.4
130.6
34.0
1.2

1,254.0
1,222.6
1,091.5
131.1
32.0
-0.5

1,279.7
1,242.9
1,111.6
131.3
34.1
2.7

1,274.8
1,240.9
1,109.6
131.3
36.3
-2.4

1,282.4
1,241.9
1,110.6
131.3
40.9
-0.4

1,260.2
1,221.5
1,089.9
131.6
42.3
-3.6

1,244.4
1,210.0
1,077.9
132.0
38.1
37

1,249.7
1,215.3
1,082.9
132.4
38.0
-3.6

II

Households and institutions .....
Private households
.(..
Nonprofit institutions

9
10
11

44.0
3.6
40.4

44.4
3.5
40.9

45.0
3.7
41.3

45.0
3.6
41.4

45.3
3.4
41.9

45.4
3.4
42.0

46.0
3.3
42.7

46.4
3.3
43.0

46.8
3.4
43.4

46.7
3.3
43.4

46.7
3.3
43.5

47.4
3.2
44.1

47.8
3.1
44.7

48.0
3.1
44.9

Government...
Federal
State and local

12
13
14

152.3
49.0
103.2

152.8
49.0
103.9

153.3
49.0
104.4

153.7
48.8
104.9

154.4
49.0
105.4

155.6
49.8
105.8

155.9
49.8
106.1

155.7
49.4
106.3

156.3
49.6
106.8

156.2
49.7
106.5

155.9
49.8
106.1

155.8
49.8
106.0

155.7
49.8
106.0

155.6
49.8
105.8

15

23.3

25.1

28.5

28.3

28.6

26.8

25.7

23.4

25.0

24,4

25.4

26.7

22.7

23.5

Rest of the world
Addendum:
Gross domestic business product less housing

16

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 1.7.-—Relation of Gross National Product, Net National Product, National Income, and Personal Income
Billions of dollars, seasonally adjusted at annual rates

Millions of dollars
Line

Gross national product

..

..

1

Less: Capital consumption allowances with capital 2
consumption adjustment.
Capital consumption allowances without capi- 3
tal consumption adjustment.
4
Less* Capital consumption adjustment
Equals: Net national product

......

5

1976

1977

1978

1979

1980

1981

1978

1977
I

II

1,718,018 1,918,324 2,163,863 2,417,759 2,633,108 2,937,716 1,834.8

III

IV

I

II

III

1,895.1 1,954.4 1,988.9 2,031.7 2,139.5 2,202.5 2,281.6

175,018

195,172

222,476

256,042

293,204

330,096

186.4

192.6

196.9

204.8

209.9

217.9

226.7

139,181

157,382

177,925

203,560

231,983

267,472

149.6

155.1

160.0

164.8

169.8

175.1

180.2

-35,837

-37,790

-44,551

-52,482

-61,221

-62,624

-37.5

-36.8

-42.8

-46.6

-36.8

IV

-40.1

-40.1

1,543,000 1,723,152 1,941,387 2,161,717 2,339,904 2,607,620 1,648.4 1,702.6 1,757.6 1,784.0 1,821.9

235.4
186.6
-48.8

1,921.6 1,975.8 2,046.3

6
7
8

151,718
7,920
5,102

165,740
8,608
1,350

178,162
9,252
2556

189,578
10,269
1487

213,004
11,390
3,904

251,292
12,395
1883

160.6
8.4
10.0

163.7
8.5
3.2

167.7
8.7
07

171.0
8.9
71

174.4
9.0
103

180.3
9.1
13

176.8
9.3
06

181.1
9.6
1.9

Plus: Subsidies less current surplus of government 9
enterprises.

973

3,056

3,748

3,353

5,478

6,647

1.6

1.1

2.7

6.8

4.6

3.8

1.8

4.8

Less: Indirect business tax and nontax liability
Business transfer payments .........
Statistical discrepancy

Equals* National income

.

10

1,379,233 1,550,510 1,760,277 1,966,710 2,117,084 2,352,463 1,471.0 1,528.3 1,584.6

1,618.1 1,653.4 1,737.2 1,792.0 1,858.4

Less: Corporate profits with inventory valuation and 11
capital consumption adjustments.
12
13
Contributions for social insurance
••
14
Wage accruals less disbursements

138,097

167,259

192,382

194,794

181,619

190,630

148.2

167.0

182.5

171.4

167.9

193.7

199.5

208.5

87,225
126,029
0

102,520
140,580
0

121,672
161,840
221

153,773
186,898
-181

187,699
203,983
40

235,653
238,120
42

96.1
135.9
0.0

100.6
139.1
0.0

105.0
142.0
0.

108.4
145.4
0.0

112.2
155.1
0.0

117.2
159.9
0.0

124.2
163.7
0.5

133.0
168.7
0.4

Plus* Government transfer payments to persons
Personal interest income
,
Personal dividend income

15
16
17
18

186,353
132,523
36,514
7,920

199,289
152,797
39,562
8,608

214,592
179,357
45,310
9,252

239,991
218,727
50,757
10,269

285,847
263,421
55,920
11,390

323,939
328,982
62,510
12,395

194.4
144.2
39.1
8.4

195.2
150.2
39.0
8.5

201.8
155.7
39.7
8.7

205.8
161.1
40.5
8.9

208.7
166.4
42.5
9.0

209.8
173.3
44.1
9.1

218.3
183.7
46.3
9.3

221.6
194.1
48.3
9.6

Equals' Personal income

19




1,391,192 1,540,407 1,732,673 1,951,170

2,160,401 2,415,844 1,476.9 1,514.5

1,561.1 1,609.2 1,644.9 1,702.7

1,761.8 1,821.3

27

SURVEY OF CURRENT BUSINESS

July

Table 1.7.—Relation of Gross National Product, Net National Product, National Income, and Personal Income—Continued
[Millions of dollars]
Billions of dollars, seasonally adjusted at annual rates

1980

1979

Line

1982

1981

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

1

2,335.5

2,377.9

2,454.8

2,502.9

2,575.9

2,573.4

2,643.7

2,739.4

2,864.9

2,901.8

2,980.9

3,003.2

2,995.5

3,047.4

Less: Capital consumption allowances with capital 2
consumption adjustment.
Capital consumption allowances without capi- 3
tal consumption adjustment.
4

242.2

251.4

261.6

268.9

278.4

289.2

298.6

306.6

315.4

325.0

335.2

344.8

348.7

354.6

192.8

200,4

207.9

213.1

221.4

228.7

234.9

242.9

253.2

262.2

271.9

282.6

293.4

305.1

49 5

51 0

53 7

57 1

60 5

63 7

637

-62.3

-62.8

-63.2

-62.2

-55.3

-49.6

, 5

2,093.2

2,126.4

2,193.2

2,234.0

2,297.5

2,284.3

2,345.0

2,432.9

2,549.5

2,576.8

2,645.8

2,658.4

2,646.7

2,692.7

6
7
8

184.4
9.8
-5.7

187.6
10.1
-9.2

190.9
10.4
2.2

195.5
10.7
6.8

200.1
11.0
10.5

206.7
11.3
3.8

216.3
11.5
2.2

228.9
11.8
-1.0

244.6
12.0
5.1

252.0
12.2
-4.6

253.3
12.5
-0.8

255.3
12.8
-7.2

250.2
13.1
-7.5

257.7
13.5

Plus: Subsidies less current surplus of government 9
enterprises.

2.7

3.3

3.9

3.5

3.8

4.7

7.4

6.0

5.8

7.2

6.5

7.0

6.0

4.7

10

1,907.4

1,941.3

1,993.6

2,024.5

2,079.7

2,067.2

2,122.3

2,199.2

2,293.7

2,324.4

2,387.3

2,404.5

2,396.9

Less: Corporate profits with inventory valuation and 11
capital consumption adjustments.
12
Net interest
,
Contributions for social insurance
13
Wage accruals less disbursements
14

201.3

197.2

197.5

183.1

195.3

172.2

177.8

181.2

200.3

185.1

193.1

183.9

157.1

167.0

142.5
182.0
0.1

148.1
184.5
-0.9

158.1
188.6
01

166.4
192.5
0.2

175.7
199.4
-0.2

181.6
200.5
0.0

190.4
204.6
0.5

203.0
211.3
05

217.6
232.5
0.0

231.6
236.2
0.0

244.0
240.3
0.2

249.5
243.5
-0.1

258.7
250.8
-0.2

267.3
252.9
0.0

Gross national product

Equals: Net national product

,...,.

..,

Less: Indirect business tax and nontax liability
Business transfer payments
..
Statistical discrepancy

Equals: National income ...........

,

.

-55.7

Plus: Government transfer payments to persons
Personal interest income
Personal dividend income
Business transfer payments

15
16
17
18

226.4
204.1
50.0
9.8

231.8
211.9
50.5
10.1

247.6
223.7
50.6
10.4

254.2
235.3
51.9
10.7

263.2
249.1
54.1
11.0

271.9
258.0
55.7
11.3

301.8
266.4
56.5
11.5

306.5
280.2
57.4
11.8

310.8
304.7
59.2
12.0

314.8
320.6
61.5
12.2

332.3
339.6
64.1
12.5

337.9
351.0
65.2
12.8

341.4
359.7
65.8
13.1

351.5
371.8
66.1
13.5

Equals: Personal income

19

1,871.8

1,916.6

1,981.9

2,034.4

2,086.8

2,109.6

2,185.3

2,260.0

2,330.0

2,380.6

2,458.2

2,494.6

2,510.5

2,549.5

,

,

Table 1.8.—Relation of Gross National Product, Net National Product, and National Income in Constant Dollars
[Billions of 1972 dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1980

1979

1978

1977

1981
I

1

1,298.2

1,369.7

1,438.6

1,479.4

1,474.0

Less: Capital consumption allowances with capital 2
consumption adjustment.

125.1

129.9

135.8

143.0

149.6

3

1,173.1

1,239.9

1,302.7

1,336.4

1,324.4

Less: Indirect business tax and nontax liability plus 4
business transfer payments less subsidies plus current surplus of government enterprises.

126.3

133.4

139.5

142.6

144.6

Gross national product

Equals: Net national product

Statistical discrepancy., ..... . ,
Equals* National income

5

3.8

1.0

6

1,043.0

1,105.4

1.0

2.2

1,194.8

1,177.6

-1.8
1,165.0

1,502.6 1,341.3
155.6

-0.9

III

129.7

I

IV

1,363.3 1,385.8

127.7

1,347.0 1,213.6
147.2

1978

II

1,388.4

130.3

132.8

7.3

2.3

133.8

135.5

-0.5

-5.0

1,200.8 1,074.5 1,098.6 1,122.2 1,126.1

III

IV

1,400.0 1,437.0 1,448.8 1,468.4

131.8

1,233.6 1,255.5 1,256.7

131.7

II

133.3

135.0

136.6

138.4

1,266.7 1,302.0 1,312.2 1,330.0
136.8

139.3

-7.1
1,137.0

140.5

141.5

09

04

1.3

1,163.6

1,172.1

1,187.3

Seasonally adjusted at annual rates

1979

Line

1980

1981

1982

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

.. 1

1,472.6

1,469.2

1,486.6

1,489.3

1,494.9

1,457.8

1,463.8

1,479.4

1,507.8

1,502.2

1,510.4

1,490.1

1,470.7

1,476.8

Less: Capital consumption allowances with capital 2
consumption adjustment.

140.1

142.4

144.4

145.3

147.3

149.0

150.3

151.8

153.4

154.9

156.3

157.8

159.3

160.8

,. 3

1,332.5

1,326.7

1,342.3

1,344.0

1,347.6

1,308.8

1,313.5

1,327.6

1,354.4

1,347.3

1,354.1

1,332.2

1,311.4

1,316.0

142.3

141.5

142.8

143.7

143.7

143.0

144.6

147.1

147.5

147.2

147.5

146.6

146.5

148.7

Gross national product

Equals: Net national product

.

...

Less: Indirect business tax and nontax liability plus 4
business transfer payments less subsidies plus current surplus of government enterprises.
Statistical discrepancy

... 5

-3.6

Equals: National income .....

6

1,193.8




-5.7
1,190.9

1.3

4.0

6.1

2.1

1,2

-0.5

2.7

24

1,198.2

1,196.3

1,197.8

1,163.7

1,167.7

1,181.1

1,204.3

1,202.6

-0.4
1,207.0

36

-3.7

1,189.2

1,168.5

28

SURVEY OF CURRENT BUSINESS

July

Table 1.9.—Net National Product and National Income by Sector
[Billions of dollars]

Net national product

,.

Net domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
Statistical discrepancy .,

,

1977

1976

Line

1978

1979

1980

1981

1

1,543.0

1,723.2

1,941.4

2,161.7

2,339.9

2,607.6

2

1 522 5

1 699 7

1 911 8

2 119 1

2 293 8

2,558 4

3

1 272 3

14288

16147

17961

19356

21623

4
5
6
7
8

1 232 4
1,136.6
95.8

13916
1,284.2
107.5

1 572.8
1,454.3
118.5

17423
1,611.7
1307

18852
1,735.4
149.8

553

465
3.9

21093
1,943.7
165.6
55.0

348
5.1

358
1.4

445
-2.6

-1.5

1.9

9
10

556

605

678

756

854

964

194.6

210.3

229.3

247.4

272.8

299.7

11

20.5

23.5

29.6

42.6

46.1

49.2

12

1,379.2

1,550.5

1,760.3

1,966.7

2,117.1

2,352.5

13

1,358.8

1,527.0

1,730.7

1,924.1

2,071.0

2,303.3

14

1,108.5

1,256.2

1,433.6

1,601 1

1,712.8

1,907.2

...,,, 15

16
17
18

1,075.8
1,010 0
65.8
32.7

1,221.5
1,147.0
74.5
34.6

1,389.2
1,303.5
85.7
44.4

1,547.7
1,449.3
98.4
53.4

1,668.4
1,552.1
116.2
44.4

1,854.0
1,724.5
129.5
53.2

19
20

55.6
194.6

60.5
210.3

67.8
229.3

75.6
247.4

85.4
272.8

96.4
299.7

21

20,5

23.5

29.6

42.6

46.1

49.2

Net domestic business product less 22
housing.
Domestic business income less housing.. 23

1,172.5

1,317.5

1,492.0

1,660.2

1,779.6

1,989.6

1,039.0

1,178.1

1,343.9

1,497.8

1,590.7

1,770.9

Households and institutions
Government .,
Rest of the world
National income
Domestic income
Business

.. .

Nonfarm
Nonfarm less housing
Housing....
.
Farm
Households and institutions...
Government
Rest of the world

,

Addenda:

Table 1.11.—National Income by Type of Income
Millions of dollars

Billions of dollars, seasonally adjusted at annual rates

Line

1977
1976

1977

1978

1979

1980

1981

1978

I

II

III

IV

I

II

III

IV

National income

1

1,379,233

1,550,510

1,760,277

1,966,710

2,117,084

2,352,463

1,471.0

1,528.3

1,584.6

1,618.1

1,653.4

1,737.2

1,792.0

1,858.4

Compensation of employees

2

1,036,334

1,152,061

1,301,081

1,458,139

1,598,627

1,767,602

1,101.1

1,136.0

1,167.8

1,203.4

1,237.2

1,283.2

1,320.4

1,363.6

Wages and salaries
Government and government enterprises
Other
.

3
4
5

889,925
188,684
701,241

983,159
202,364
780,795

1,106,480
219,726
886,754

1,237,436
236,004
1,001,432

1,356,084
260,148
1,095,936

1,493,964
283,106
1,210,858

940.1
196.5
743.6

969.9
199.5
770.4

996.3
203.4
792.9

1,026.3
210.0
816.3

1,051.2
213.8
837.5

1,091.0
217.0
874.0

1,123.2
221.1
902.1

1,160.4
227.0
933.5

Supplements to wages and salaries...
Employer contributions for social insurance......
Other labor income

6
7
8

146,409
70,544
75,865

168,902
79,467
89,435

194,601
92,071
102,530

220,703
105,791
114,912

242,543
115,297
127,246

273,638
133,219
140,419

160.9
76.6
84.3

166.1
78.6
87.6

171.5
80.2
91.3

177.1
82.5
94.6

185.9
88.0
97.9

192.1
90.8
101.3

197.2
93.1
104.1

203.2
96.4
106.8

Proprietors' income with inventory valuation and
capital consumption adjustments.

9

94,072

103,854

118,542

132,095

116,267

124,700

100.8

100.3

103.9

110.4

111.1

118.1

120.1

124.8

Farm
10
Proprietors' income with inventory valuation ad- 11
justment.
12
Capital consumption adjustment

19,089
22,780

19,056
23,346

26,307
31,257

31,925
37,780

19,391
26,417

23,955
31,815

19.4
23.4

16.4
20.6

17.6
22.0

22.8
27.4

22.9
27.6

25.8
30.7

26.5
31.6

30.0
35.3

3,691

-4,290

-4,950

5,855

-7,026

-7,860

-4.0

-4.2

-4.4

-4.6

50

53

13
14
15
16

74,983
77,068
-1,194
891

84,798
86,768
-1,203
767

92,235
94,888
-1,974
679

100,170
103,186
-2,907
109

96,876
99,900
-3,098
74

100,745
100,276
1 589
2,058

81.4
83.9
-1.7
-0.8

83.9
85.5
-0.9
-0.7

86.3
87.9
-0.9
07

87.6
89.8
-1.3
09

88.2
90.4
15
07

92.3
95.0
20
07

93.6
96.4
20
07

94.8
97.8
23
-0.6

17

23,505

24,816

26,600

27,909

32,872

33,878

24.8

24.4

25.5

24.5

25.2

25.0

27.8

28.4

18
19

39,150
-15,645

43,963
19147

50,007
-23,407

56,232
-28,323

65,253
32381

69,398
-35,520

42.4
-17.5

43.2
-18.8

44.6
-19.1

45.6
21 1

46.3
21 1

47.8
22 8

51.9
24 1

54.0
-25.6

Corporate profits with inventory valuation and capi- 20
tal consumption adjustments.

138,097

167,259

192,382

194,794

181,619

190,630

148.2

167.0

182.5

171.4

167.9

193.7

199.5

208.5

Corporate profits with inventory valuation adjust- 21
ment.

151,636

178,529

205,107

209,566

199,449

207,462

160.4

178.4

192.7

182.6

178.9

205.5

213.3

222.7

22
23
24
25
26

166,315
63,844
102,471
37,356
65,115

194,712
72,699
122,013
40,818
81,195

229,118
83,238
145,880
46,981
98,899

252,676
87,597
165,079
52,670
112,409

242,446
84,652
157,794
58,066
99,728

232,076
81,175
150,901
65,097
85,804

182.6
67.8
114.9
40.1
74.8

193.8
72.5
121.3
40.2
81.1

201.8
75.2
126.6
41.1
85.6

200.6
75.3
125.3
41.9
83.3

199.7
70.2
129.6
44.2
85.4

228.4
84.3
144.1
45.7
98.4

236.6
86.6
149.9
48.0
101.9

251.8
91.9
159.9
50.0
109.8

27

-14,679

16183

-24,011

-43,110

-42,997

-24,614

-22.2

-15.4

28

-13,539

-11,270

-12,725

-14,772

-17,830

-16,832

-12.2

-11.4

29

87,225

102,520

121,672

153,773

187,699

235,653

96.1

100.6

Corporate profits after tax with inventory valuation 30
and capital consumption adjustments.
Dividends .
31
Undistributed profits with inventory valuation 32
and capital consumption adjustments.

74,253

94,560

109,144

107,197

96,967

1,09,455

80.4

37,356
36,897

40,818
53,742

46,981
62,163

52,670
54,527

58,066
38,901

65,097
44,358

40.1
40.3

Nonfarm..
..
...
Proprietors' income
Inventory valuation adjustment
Rental income of persons with capital consumption
adjustment.
Rental income of persons
Capital consumption adjustment

Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

,

91

-4.7

18 0

209

112

11 0

105.0

108.4

112.2

94.5

107.2

96.1

40.2
54.3

41.1
66.2

41.9
54.1

-10.3

-4.8

-22.9
11 8

-23.3

29 0

13 8

14 2

117.2

124.2

133.0

97.7

109.4

112.8

116.6

44.2
53.6

45.7
63.7

48.0
64.8

50.0
66.6

Addenda:




29

SURVEY OF CURRENT BUSINESS

July

Table 1.10.—Net National Product and National Income by Sector in Constant Dollars
[Billions of 1972 dollars]

1976

Line

1978

1977

1980

1979

1981

1

1 173 1

1 239 9

1,302 7

1 3364

1 3244

1,347.0

2

1,157.5

1,223.0

1,282.9

1,310.1

1,298.3

1,321.6

3

970.3

1,033.8

1,088.5

1,112.5

1,097.1

1,118.7

4
5
6
7
8

9422
8597
825
243
3.8

1 007 7
919.5
88.2
251
1.0

10660
973.4
926
242
18

10880
991.3
96.8
255
-1.0

1,069 7
967.9
101.8
252
2.2

1,090.4
987.4
103.0
29.2
-0.9

,.

9
10

40.9
146.3

41.5
147.7

43.3
1512

44.6
153.0

45.8
155.4

46.9
156.0

,

11

15.6

16.9

19.9

26.3

26.1

25.4

12

1 043 0

1 1054

1 1650

1 1948

1 177.6

1,200.8

13

1,027.4

1 0885

1 1452

1 1685

1,151.5

1,175.4

14

8402

8993

9507

9709

950.3

972.5

15
16
... 17
18

8141
7584
55.7
261

8725
8128
59.7
26.8

9245
8618
62.7
262

943.4
8778
65.5
27.6

922.7
8537
68.9
27.6

941.2
8714
69.7
31.3

19
20

40.9
1463

41.5
1477

433
1512

44.6
1530

45.8
1554

46.9
156.0

21

15.6

16.9

19.9

26.3

26.1

25.4

Net domestic business product less 22
housing.
Domestic business income less housing.. 23

885.9

944.4

994.8

1,014.8

994.5

1,015.1

782.7

838.5

887.0

904.5

880.6

902.2

Net nationsl product
Net domestic product

.

Nonfarm
Nonfarm l6ss housing
Housing
..
Farm
Statistical discrepancy

... . . .
.

Households and institutions...
Government
Rest of the world
National income
Domestic income
Business .

>

Nonfarni ....... ...
Nonfarni less housing
Housing...
Farm
..

,. ..... ,

Households and institutions
Government
Rest of the world

. ..

Addenda:

Table 1.11.—National Income by Type of Income—Continued
Billions of dollars, seasonally adjusted at annual rates

1979

Line
I

1981

1980

1982

II

III

IV

I

II

III

IV

I

II

III

IV

I

2,293.7

2,324.4

2,387.3

2,404.5

2,396.9

II

1

1,907.4

1,941.3

1,993.6

2,024.5

2,079.7

2,067.2

2,122.3

2,199.2

2

1,406.5

1,434.9

1,477.6

1,513.6

1,555.2

1,571.7

1,604.9

1,662.8

1,718.0

1,750.0

1,789.1

1,813.4

1,830.8

1,849.9

Wages and salaries
Government and government enterprises
Other .. .. ,.,. ,

3
4
5

1,193.3
229.6
963.8

1,217.3
232.8
984.5

1,254.4
237.0
1,017.4

1,284.7
244.6
1,040.1

1,319.5
250.3
1,069.3

1,332.1
256.6
1,075.5

1,361.0
261.6
1,099.4

1,411.7
272.2
1,139.5

1,452.8
276.2
1,176.5

1,479.4
279.8
1,199.6

1,512.6
284.0
1,228.6

1,531.1
292.3
1,238.8

1,541.5
296.3
1,245.2

1,555.9
300.1
1,255.8

Supplements to wages and salaries.
...
Employer contributions for social insurance
Other labor income
.,,
.,

6
7
8

213.1
103.0
110.2

217.6
104.4
113.2

223.2
106.6
116.5

228.9
109.2
119.7

235.7
112.5
123.2

239.6
113.7
125.9

243.9
115.5
128.4

251.0
119.5
181.5

265.2
129.9
135.3

270.6
132.1
138.4

276.5
134.3
142.2

282.3
136.5
145.8

289.3
140.2
149.1

294.1
141.6
152.5

Proprietors' income with inventory valuation and 9
capital consumption adjustments.

128.9

134.1

133.3

132.2

122.7

108.9

115.5

118.0

123.4

123.8

127.5

124.1

116.4

115.3

32.5
38.0

35.1
40.8

30.6
36.6

29.5
35.7

22.1
28.7

15.9
22.9

20.3
27.5

19.2
26.5

21.6
29.1

22.5
30.3

27.1
35.1

24.6
32.8

17.8
26.0

15.3
23.5

National income..

.,

..

Compensation of employees

...,

10
Farm
Proprietors' income with inventory valuation ad- 11
justment.
12

57

60

-6.3

-6.6

73

75

-7.8

-8.0

-8.2

-8.2

-8.2

13
14
15
16

96.4
99.3
-2.7
02

99.0
101.7
-2.7
-0.1

102.6
105.6
-2.9
01

102.7
106.1
-3.3
-0.1

100.5
104.9
-4.3
0.0

93.0
95.1
-2.0
02

95.1
98.2
-3.1
0.0

98.8
101.4
-3.0
0.5

101.8
103.2
-2.5
1,2

101.2
100.9
-1.4
1.8

100.4
99.3
-1.2
2.3

99.5
97.7
-1.2
3.0

98.6
93.8
0.0
4.7

100.0
93.9
-0.3
6.5

Rental income of persons with capital consumption 17
adjustment.

28,2

27.0

27.2

29.2

30.8

32.7

33.8

34.2

34.4

34.0

33.6

33.6

33.9

34.2

18
19

54.5
263

54.7
27 8

56.7
29 5

59.0
-29.8

61.8
31 0

64.8
-32.1

66.9
-33.1

67.5
-33.3

68.7
-34.3

68.9
34 9

69.5
35 9

70.5
36 9

71.0
37 1

71.5
-37.3

Corporate profits with inventory valuation and capi- 20
tal consumption adjustments.

201.3

197.2

197.5

183.1

195.3

172.2

177.8

181.2

200.3

185.1

193.1

183.9

157.1

Corporate profits with inventory valuation adjust- 21
ment.

215.6

211.4

212.2

199.2

211.0

189.4

197.0

200.4

217.6

202.6

210.3

199.4

167.2

251.4
90.1
161.2
51.8
109.5

252.7
88.2
164.5
52.4
112.1

257.4
87.8
169.6
52.6
117.0

249.2
84.2
165.0
53.9
111.0

268.2
95.3
172.9
56.2
116.7

217.6
73.3
144.3
57.8
86.4

238.1
82.2
155.9
58.7
97.3

245.9
87.8
158.1
59.6
98.5

253.1
91.5
161.6
61.5
100.1

225.4
79.2
146.2
64.0
82.2

233.3
82.4
150.8
66.8
84.0

216.5
71.6
144.9
68.1
76.9

171.6
55.8
115.9
68.8
47.0

41 1

45 5

35 5

22 8

Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment

..

Rental income of persons

Profits before tax
Profits tax liability
Profits after tax l
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Net interest

,

22
23
24
25
26

-5.5

27

-35.8

-41.4

-45.2

-50.1

28

-14.3

-14.2

147

-16.0

-57.2

70

-28.2

15 7

17 2

-7.2

-19.3

29

142.5

148.1

158.1

166.4

175.7

181.6

190.4

Corporate profits after tax with inventory valuation 30
and capital consumption adjustments.
Dividends
31
Undistributed profits with inventory valuation 32
and capital consumption adjustments.

111.2

109.0

109.7

98.9

100.0

98.9

51.8
59.4

52.4
56.6

52.6
57.1

53.9
45.0

56.2
43.9

57.8
41.0

192

-17.3

17 5

23 0

69.3

-17.1

-4.4

-17.1

-15.5

-10.1

-5.9
267.3

203.0

217.6

231.6

244.0

249.5

258.7

95.6

93.3

108.9

105.9

110.7

112.3

101.3

58.7
36.9

59.6
33.7

61.5
47.3

64.0
42.0

66.8
43.9

68.1
44.3

68.8
32.5

-6.3

Addenda:




69.3

30

SURVEY OF CURRENT BUSINESS

July

Table 1.12.—National Income by Sector, Legal Form of Organization, and Type of Income
[Millions of dollars]
Line
National income

,

Domestic business

1976

1977

1978

1980

1979

1981

1

1,379,233

1,550,510

1,760,277

1,966,710

2,117,084

2,352,463

2

1,108,496

1,256,162

1,433,602

1,601,095

1,712,783

1,907,191

833,777
694,404

1,089,293
894,928
751,813
143,115
172,654
209,390
-24,011
-12,725
21,711

1,210,908
1,015,175
852,303
162,872
164,188
222,070
-43,110
-14,772
31,545

1,298,488
1,107,283
929,236
178,047
151,311
212,138
-42,997
-17,830

1,444,755
1,224,493
1,024,750
199,743
167,804
209,250
-24,614
-16,832
52,458

Corporate business
,
Compensation 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

3
4
5
6
7
8
9
10
11

105,756
123,824
152,042
-14,679
-13,539
15,549

953,096
783,000
659,688
123,312
152,110
179,563
-16,183
-11,270
17,986

Sole proprietorships and partnerships
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
Capital consumption adjustment
,
Nonfarm
Proprietors' income
Inventory valuation adjustment
Capital consumption adjustment
Net interest

12
13
14
15
16
17
18
19
20
21
22
23
24

171,903
63,606
57,105
6,501
92,912
19,089
22,780
-3,691
73,823
75,767
-1,194
-750
15,385

188,750
68,178
60,952
7,226
102,565
19,056
23,346
-4,290
83,509
85,322
-1,203
-610
18,007

214,578
76,098
67,896
8,202
117,078
26,307
31,257
-4,950
90,771
93,236
-1,974
-491
21,402

242,247
83,445
74,388
9,057
130,449
31,925
37,780
-5,855
98,524
101,308
-2,907
123
28,353

243,421
92,152
82,376
9,776
114,467
19,391
26,417
-7,026
95,076
97,823
-3,098
351
36,802

273,392
102,256
91,304
10,952
122,670
23,955
31,815
-7,860
98,715
97,941
-1,589
2,363
48,466

Other private business
Compensation of employees
Wages and salaries
Supplements to wages and salaries
Proprietors' income with inventory valuation and capital consumption adjustments
Proprietors' income with inventory valuation adjustment
Capital consumption adjustment
Rental income of persons with capital consumption adjustment
Rental income of persons
Capital consumption adjustment
Net interest

25
26
27
28
29
30
31
32
33
34
35

79,723
4,989
4,555
434
1,160
1,301
-141
23,505
39,150
-15,645
50,069

89,734
5,457

102,815
6,141
5,573
568
1,464
1,652
-188
26,600
50,007
-23,407
68,610

118,324
6,897
6,259
638
1,646
1,878
-232
27,909
56,232
-28,323
81,872

137,525
7,683
6,979
704
1,800
2,077
-277
32,872
65,253
-32,381
95,170

152,761
8,515
7,721
794
2,030
2,335
-305
33,878
-35,520
108,338

Government enterprises
Compensation of employees
Wages and salaries
Supplements to wages and salaries

36
37
38
39

23,093
23,093
19,805
3,288

24,582
24,582

26,916
26,916
22,883
4,033

29,616
29,616
25,029
4,587

33,349
33,349
28,221
5,128

36,283
36,283
30,420
5,863

40
41
42
43

55,629
55,629
50,948
4,681

60,547
60,547
55,226
5,321

67,792
67,792
61,546
6,246

75,599
75,599
68,519
7,080

85,420
85,420
77,413
8,007

96,387
96,387
87,120
9,267

44
45
46
47

194,628
194,628
168,879
25,749

210,337
210,337
181,421
28,916

229,280
229,280
196,843
32,437

247,444
247,444
210,975

272,808
272,808
231,927
40,881

299,705
299,705
252,686
47,019

48
49
50
51

23,464
-40
15,149
8,355

29,603
-74
19,728
9,949

42,572
-37
30,606
12,003

46,073

-15
14,273
6,222

49,180
-37
22,826
26,391

Households and institutions
Compensation of employees
Wages and salaries
Supplements to wages and salaries
Government
Compensation of employees
Wages and salaries
Supplements to wages and salaries
Rest of the world
Compensation of employees..
Corporate profits
Net interest




,

„

1,289
1,446
-157
24,816
-19,147
58,172

-68

15,833

July

SURVEY OF CURRENT BUSINESS

31

Table 1.13.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Business in
Current and Constant Dollars
Seasonally adjusted at annual rates
Line

1976

1977

1978

1979

1980

1981

1978

1977
II

I

III

IV

I

II

III

IV

Billions of dollars
1,177.8 1,224.1 1,246.1 1,268.4 1,342.9 1,380.0 1,428.4

Gross domestic product of corporate business.... 1

1,053.9

1,192.7

1,354.9

1,505.3

1,635.5

Capital consumption allowances with capital con- 2
sumption adjustment.

109.9

121.5

137.6

157.5

181.2

206.2

Net domestic product....,
,
, .......
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income .
Compensation of employees
Wages and salaries....
.
...
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
Profits tax liability ..
.
Profits after tax
Dividends.. ,
.....
Undistributed profits . .
.
•

3
4

944.0
110.2

1,071.3
118.2

1,217.3
128.0

1,347.8
136.9

1,454.2
155.8

1,630.9
186.1

5
6
7
8
9

833.8
694.4
588.6
105.8
123.8

953.1.
783.0
659.7
123.3
152.1

1,089.3
894.9
751.8
143.1
172.7

1,210.9
1,015.2
852.3
162.9
164.2

1,298.5
1,107.3
929.2
178.0
151.3

1,444.8
1,224.5
1,024.8
199.7
167.8

891.6
743.5
626.5
117.0
132.9

941.3
772.5
651.2
121.3
151.7

982.0
796.1
670.6
125.5
166.3

10
11
12
13
14
15
16
17

152.0
63.8
88.2
29.1
59.1
147
-13.5
15.5

179.6
72.7
106.9
30.5
76.4
-16.2
-11.3
18.0

209.4
83.2
126.2
36.5
89.7
240
-12.7
21.7

222.1
87.6
134.5
37.6
96.9
43 1
-14.8
31.5

212.1
84.7
127.5
39.7
87.8
43 0
178
39.9

209.3
81.2
128.1
50.8
77.3
24 6
-16.8
52.5

167.3
67.8
99.5
29.9
69.6
-22.2
-12.2
15.3

178.5
72.5
106.0
29.5
76.6
-15.4
-11.4
17.1

185.7
75.2
110.5
29.9
80.6
-9.1
-10.3
19.5

186.7
75.3
111.4
32.7
78.7
-18.0
-11.2
20.1

180.2
70.2
110.0
33.8
76.3
-20.9
11 0
20.4

211.9
84.3
127.6
33.5
94.1
-22.9
118
19.8

217.1
86.6
130.4
38.0
92.4
-23.3
-13.8
21.9

228.4
91.9
136.5
40.6
95.9
-29.0
142
24.8

Gross domestic product of financial corporate 18
business.

52.5

64.3

78.8

88.5

97.8

104.8

59.5

62.7

65.8

69.3

73.1

76.2

80.9

84.8

Gross domestic product of nonfinancial corpo- 19
rate business.

1,001.3.

1,128.4

1,276.2

1,416.8

1,537.7

1,732.3

1,063.3

1,115.1 1,158.4

1,176.8

1,195.4

Capital consumption allowances with capital con- 20
sumption adjustment.

104.8

115.7

130.9

149.6

172.0

195.8

111.0

116.8

120.8

124.0

Net domestic product.., ... ...
,.
... , .
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income
,
,.
Compensation of employees . ...
Wages and salaries . . .
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax ...
..
.
, .....
Profits tax liability
Profits after tax
..„„
,.
Dividends... ...
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment .
Net interest

21
22

896.5
105.3

1,012.7
112.6

1,145.3
122.0

1,267.3
130.5

1,365.7
148.6

1,536.5
178.3

952.3 1,000.9 1,041.6 1,056.0 1,071.3
109.3
111.1
113.9
118.5
116.0

23
24
25
26
27

791.2
654.4
555.3
99.1
107.3

900.1
738.5
622.9
115.6
129.5

1,023.3
844.3
710.2
134.2
142.1

1,136.7
958.1
805.0
153.0
134.7

1,217.1
1,041.7
874.8
166.9
123.0

1,358.2
1,150.1
962.9
187.1
145.6

843.0
700.7
591.2
109.5
113.0

889.8
728.7
614.9
113.7
130.0

927.7
751.1
633.4
117.7
142.8

940.0
773.6
652.2
121.4
132.1

28
29
30
31
32
33
34
35

135.0
52.6
82.3
30.1
52.2
-14.7
-13.0
29.5

156.5
59.6
96.8
31.9
64.9
162
-10.8
32.1

178.4
66.9
111.5
37.7
73.8
240
123
36.9

191.8
69.2
122.5
39.8
82.8
43 1
139
43.9

183.0
64.8
118.2
42.4
75.8
43 0
-17.0
52.4

186.6
63.3
123.3
52.9
70.3
24 6
-16.3
62.5

146.9
56.0
90.9
31.2
59.7
-22.2
-11.7
29.3

156.3
59.8
96.5
31.0
65.5
-15.4
-10.9
31.1

161.7
61.7
100.0
31.4
68.6
-9.1
-9.8
33.8

160.9
60.9
100.0
34.1
65.8
-18.0
108
34.3

152.3
55.5
96.8
35.2
61.7
209
-10.7
34.9

181.3
68.3
113.0
34.9
78.2
-22.9
-11.5
36.3

184.7
69.6
115.1
39.2
75.9
-23.3
-13.4
37.3

195.2
74.2
121.1
41.6
79.4
29 0
136
39.0

809.7

814.6

817.8

847.1

852.3

867.8

Capital consumption adjustment
Net interest
....
,
..

1,837.1 1,122.8
116.5

119.9

122.6

126.9

130.3

134.9

140.1

145.1

1,006.3 1,058.0 1,101.5 1,119.2 1,138.1 1,208.0 1,239.9 1,283.3
127.9
116.7
124.4
129.0
130.8
114.7
119.5
121.7

114.2

997.5 1,013.7 1,079.0 1,112.0 1,152.5
910.2
845.0
882.0
942.5
819.9
765.0
793.1
708.6
740.6
690.5
136.4
141.4
145.2
149.4
129.4
177.2
185.1
180.0
157.5
148.3

1,266.6 1,299.1 1,343.5
133.2

137.9

1,138.3 1,165.9
123.0
121.9

1,205.7
124.7

128.3

952.8 1,015.4 1,043.9 1,081.0
832.2
797.1
858.6
889.4
669.2
699.6
722.6
749.4
140.0
132.6
136.1
128.0
120.7
146.9
148.0
152.6

Billions of 1972 dollars
Gross domestic product of nonfinancial corpo- 36
rate business.

745.5

Capital consumption allowances with capital con- 37
sumption adjustment.
Net domestic product
38
Indirect business tax and nontax liability plus busi- 39
ness transfer payments less subsidies.
Domestic income
,
40

74.5

77.4

81.1

85.7

90.1

94.3

76.1

77.3

77.7

78.6

79.6

80.6

81.7

82.7

671.0
82.7

718.4
87.4

765.1
91.1

790.4
92.7

770.2
93.0

787.0
94.7

691.0
86.7

714.5
86.8

732.0
87.4

736.1
88.5

738.3
89.4

766.5
90.8

770.6
91.6

785.0
92.5

588.3

631.0

674.0

697.7

677.2

692.2

604.3

627.7

644.7

647.5

648.9

675.7

679.0

692.5




795.8

846.3

876.1

860.3

881.3

767.2

791.8

32

SURVEY OF CURRENT BUSINESS

July

Table 1.13.—Gross Domestic Product of Corporate Business in Current Dollars and Gross Domestic Product of Nonfinancial Corporate Business in
Current and Constant Dollars—Continued
Seasonally adjusted at annual rates

1979

Line

1980

I

II

III

IV

I

II

Gross domestic product of corporate business.... 1

1,464.6

1,487.8

1,524.7

1,544.1

1,594.6

1,594.9

Capital consumption allowances with capital con- 2
sumption adjustment.

149.3

154.6

160.5

165.7

171.4

3
4

1,315.3
133.2

1,333.2
135.2

1,364.2
137.9

1,378.4
141.3

5
6
7
8
9

1,182.1
977.4
820.2
157.2
177.1

1,198.0
999.1
838.4
160.7
168.2

1,226.4
1,030.9
866.0
164.9
162.7

10
11
12
13
14
15
16
17

227.1
90.1
137.0
39.3
97.6
-35.8
143
27.7

223.7
88.2
135.5
38.6
97.0
-41.4
142
30.7

Gross domestic product of financial corporate 18
business.

85.9

Gross domestic product of nonfinancial corpo- 19
rate business.
Capital consumption allowances with capital con- 20
sumption adjustment.

1981
III

1982

IV

I

II

III

1,642.8

1,709.6

1,788.9

1,818.6

1,867.8

1,873.1

1,863.1

178.3

184.8

190.4

196.2

202.9

209.7

216.0

218.9

223.3

1,423.1
145.2

1,416.6
150.6

1,458.1
158.6

1,519.2
168.6

1,592.7
180.8

1,615.7
186.9

1,658.1
187,8

1,657.1
189.1

1,644.2
184.0

189.8

1,237.1
1,053.3
884.6
168.7
148.8

1,278.0
1,082.5
908.7
173.8
160.2

1,266.0
1,087.9
911.9
176.0
140.6

1,299.4
1,109.8
931.0
178.8
148.2

1,350.6
1,149.0
965.4
183.6
156.3

1,411.9
1,190.4
996.2
194.2
176.5

1,428.8
1,213.5
1,015.7
197.8
164.3

1,470.3
1,242.5
1,040.5
202.1
172.2

1,468.0
1,251.5
1,046.6
204.9
158.3

1,460.2
1,259.5
1,049.7
209.8
140.2

1,270.1
1,057.3
212.8

222.6
87,8
134.8
35.1
99.6
-45.2
-14.7
32.8

214.9
84.2
130.6
37.2
93.4
-50.1
160
35.1

233.1
95.3
137.8
36.0
101.8
-57.2
157
35.2

186.0
73.3
112.6
39.7
72.9
-28.2
-17.2
37.5

208.5
82.2
126.4
40.7
85.6
41.1
-19.3
41.5

221.0
87.8
133.2
42.2
90.9
455
-19.2
45.3

229.3
91.5
137.8
46.8
91.0
-35.5
-17.3
44.9

204.6
79.2
125.4
48.9
76.4
-22.8
-17.5
51.0

212.3
82.4
129.8
52.7
77.1
-23.0
-17.1
55.6

190.9
71.6
119.3
54.6
64.7
-17.1
15 5
58.3

154.7
55.8
99.0
56.0
42.9
-4.4
10 1
60.5

88.0

88.6

91.4

93.5

95.2

99.3

103.1

105.6

103.6

104.2

106.0

106.6

1,378.7

1,399.8

1,436.1

1,452.7

1,501.1

1,499.7

1,543.6

1,606.5

1,683.3

1,715.0

1,763.6

1,767.2

1,756.6

141.8

146.8

152.4

157.2

162.7

169.3

175.4

180.8

186.3

192.6

199.1

205.1

207.8

212.0

21
22

1,236.9
127.0

1,253.0
129.0

1,283.7
.131.5

1,295.5
134.8

1,338.4
138.4

1,330.5
143.5

1,368.2
151.3

1,425.7
161.0

1,497.0
172.9

1,522.4
179.0

1,564.5
179.9

1,562,0
181.3

1,548.8
176.3

181.9

23
24
25
26
27

1,109.9
923.0
775.2
147.8
146.3

1,124.0
943.1
792.1
151.0
139.0

1,152.3
972.9
818.0
154.9
133.9

1,160.7
993.3
834.9
158.4
119.6

1,200.0
1,020.6
857.3
163.3
129.6

1,186.9
1,023.6
858.4
165.1
112.8

1,216.9
1,043.2
875.7
167.5
121.8

1,264.7
1,079.6
907.8
171.8
127.7

1,324.0
1,118.6
936.6
182.1
150.4

1,343.4
1,140.0
954.7
185.4
142.1

1,384.5
1,167.0
977.7
189.3
151.8

1,380.8
1,174.5
982.7
191.9
138.2

1,372.4
1,181.6
985.3
196.4
120.3

28
29
30
31
32
33
34
35

195.7
71.7
124.0
41.0
83.0
-35.8
-13.5
40.5

193.7
70.2
123.5
40.6
82.9
414
-13.3
41.9

192.9
69.6
123.2
37.8
85.5
452
-13.7
45.4

184.8
65.4
119.3
39.8
79.6
-50.1
-15.1
47.8

201.6
74.3
127.3
38.3
89.0
572
-14.8
49.8

157.4
53.5
103.9
42.7
61.2
-28.2
163
50.5

181.3
63.6
117.7
43.5
74.2
-41.1
184
51.8

191.6
67.8
123.8
44.9
78.9
-45.5
-18.4
57.5

202.5
71.5
131.0
49.4
81.6
-35.5
-16.6
55.0

181.8
61.4
120.4
51.2
69.2
-22.8
169
61.2

191.5
65.5
126.0
54.4
71.6
-23.0
167
65.7

170.5
54.8
115.7
56.7
58.9
-17.1
151
68.1

134.8
38.9
95.8
58.0
37,8
-4.4
-10.0
70.5

867.4

883.0

884.2

887.5

870.4

858.8

I

IV

II

Billions of dollars

Net domestic product
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income .-. „,.„,.,..
.. ... ..
Compensation of employees
Wages and salaries
,.
Supplements to wages and salaries .
...
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
.
..
Profits tax liability
Profits after tax
Dividends
...
Undistributed profits
Inventory valuation adjustment,.,
,..,...„...
Net interest.

,

,,..„....,

Net domestic product
,„,
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income
.... . . . . .
Compensation of employees
Wages and salaries...
Supplements to wages and salaries
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits before tax
,
.,
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
.
Net interest
,.„ ,

59.2
-6.3
-5.9
62.4

1,190.0
991.0
198.9

61.0
-6.3
72.6

Billions of 1972 dollars
Gross domestic product of nonfinancial corpo- 36
rate business.
Capital consumption allowances with capital consumption adjustment.
Net domestic product ,
. .
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income

876.8

873.8

878.9

874.7

874.1

847.3

852.5

37

83.9

85.1

86.4

87.2

88.4

89.6

90.6

91.7

92.7

93.8

94.9

96.0

97.0

98.1

38
39

792.9
92.8

788.7
92.0

792.5
92.6

787.5
93.2

785.6
92.8

757.7
91.8

761.9
92.8

775.8
94.6

790.2
94.6

790.4
94.4

792.6
95.2

774,5
94.7

761.8
94.6

96.4

40

700.1

696.7

699.9

694.3

692.8

665.9

669.1

681.2

695.7

696.0

697.4

679.8

667.2

Table 1.14.—Auto Output
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1978

1979

1980

1981

1978

1977
I

II

III

IV

I

II

III

IV

1

55.9

65.1

69.5

68.0

59.8

69.2

64.9

64.6

64.2

66.7

65.0

71.0

69.6

72.2

2
3
4
5
6
7
8
9
10
11
12

54.6
50.0
38.1
11.9
9.6
15.4
59
-5.7
3.3
8.9
0.7

64.0
57.5
44.3
13.2
12.6
19.1
65
7.0
3.6
10.7
1.0

68.8
63.1
48.2
14.9
14.7
22.2
-7.5
10.0
3.7
13.7
1.0

69.1
64.8
49.1
15.7
13.4
22.5
-9.1
10.1
4.7
14.8
1.0

60.9
60.6
45.7
14.9
12.1
21.1
90
-12.8
4.0
16.8
1.0

68.0
67.2
49.2
18.0
13.6
24.1
105
-13.8
4.0
17.8
1.0

64.1
56.9
43.3
13.6
11.8
18.5
-6.7
-5.5
3.8
9.3
0.9

64.0
57.0
44.5
12.5
12.3
19.1
68
-6.2
3.8
10.1
1.0

63.6
58.0
44.6
13.3
12.4
18.7
63
-7.8
3.5
11.3
1.0

64.0
57.9
44.6
13.3
13.7
20.1
-6.3
-8.6
3.4
12.0
1.0

62.0
56.4
43.2
13.2
13.7
20.0
-6.2
9.1
3.4
12.5
1.0

71.9
65.3
51.1
14.1
15.5
22.8
-7.3
-9.9
3.7
13.6
1.0

70.6
64.8
48.9
15.9
14.8
22,7
7.9
-10.0
3.9
13.9
1.0

70.9
66.0
49.7
16.3
14.8
23.4
86
-10.9
3.8
14.7
1.0

Change in business inventories of new and used 13
autos.
NeW
.
„ ,
14
15
Used

1.3

1.1

0.6

-1.1

-1.1

1.2

0.7

0.5

0.6

2.7

3.0

-0.8

-1.0

1.3
0.1

1.4
-0.2

0.7
0.1

-0.9
0.2

-0.6
0.5

0.9
0.3

1.1
0.4

-0.1
0.6

1.3
-0.7

3.1
-0.5

3.5
-0.4

1.6
0.7

0.7
-0.3

1.8
-0.4

46.2
11.4

54.6
14.9

58.2
16.4

57.9
19.3

49.1
21.4

54.6
24.5

54.5
13.6

54.1
16.0

54.5
14.9

55.4
15.0

53.6
14.8

59.1
16.6

58,4
17.0

61,6
17.2

Auto output.,
Final sales
,
Personal consumption expenditures,.
New autos
Net purchases of used autos
Producers' durable equipment
New autos
,

,
,,

Net exports

.

Imports
.
Government purchases of goods and services

1.4

Addenda:
Domestic output of new autos2 1
Sales of imported new autos




.

. . . . . 16
17

July

SURVEY OF CURRENT BUSINESS

33

Table 1.14.—Auto Output—Continued
[Billions of dollars]
Seasonally adjusted at annual rates
I

II

III

I

IV

II

1982

1981

1980

1979

Line

III

I

IV

II

III

I

IV

II

1

75.6

67.5

67.3

61.5

63.1

51.9

56.8

67.5

66.1

73.7

78.7

58.3

53.5

69.4

2
3
4
. .... 5
6
7
8
9
10
11
. . 12

73.5
66.8
50.8
16.1
14.6
23.9
-9.4
89
4.4
13.4
1.0

66.5
62.4
46.9
15.5
13.7
22.3
-8.7
105
4.7
15.2
1.0

70.9
66.8
50.2
16.6
13.6
23.7
-10.1
10.5
4.7
15.2
1.0

65.4
63.2
48.6
14.6
11.8
20.1
-8.3
-10.5
5.0
15.5
0.9

70.5
68.0
52.2
15.8
12.8
22.2
-9.3
-11.3
4.7
16.0
1.0

50.8
50.9
37.5
13.3
10.8
18.3
-7.5
-11.8
3.9
15.6
0.9

57.5
58.9
44.5
14.3
12.1
21.1
-9.0
-14.5
3.5
17.9
1.0

64.7
64.7
48.4
16.3
12.7
22.8
-10.1
-13.7
4.0
17.7
1.0

74.1
71.6
54.5
17.1
13.4
24.6
-11.2
-11.9
4,2
16.2
1.0

63.3
63.0
45.4
17.6
13.1
22.4
-9.3
-13.7
4.3
18.0
0.9

74.4
71.5
52.1
19.3
15.3
27.6
123
-13.4
•4.6
18.1
1.1

60.2
62.8
45.0
17.8
12.5
22.0
94
-16.0
2.8
18.9
0.9

65.9
68.0
49.7
18.3
13.1
23.3
-10.2
-16.1
2.6
18.7
0.9

66.3
69.5
50.3
19.2
13.4
22.8
94
17.5
3.5
21.0
0.9

Change in business inventories of new and used 13
autos.
14
New
Used
.. 15

2.2

0.9

-3.6

-3.9

-7.5

1.0

-0.7

-8.0

10.4

4.3

-1.9

-12.4

3.1

1.7
0.5

1.3
04

-3.2
-0.4

-3.4
05

-6.4
10

2.1
11

-0.8
0.0

2.9
-0.1

-9.1
1.0

11.3
-0.9

3.1
1.2

16
-0.3

127
0.3 .

4.3
-1.2

64.9
18.5

58.9
19.4

50.6
19.9

52.2
23.0

47.6
21.0

54.5
23.3

52.4
24.7

59.5
23.9

61.6
24.3

44.8
25.2

37.8
27.6

54.0
26.5

III

IV

Auto output

..

..

Final sales
. . . . .
Personal consumption expenditures
..
New autos........
Net purchases of used autos ..
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
Imports
,
„
Government purchases of goods and services

..

2.8

Addenda:
Domestic output of new autos2 1
Sales of imported new autos ..

..

16.
17

57,2
19.3

42.1
18.5

1
Consists
2

of final sales and change in business inventories of new autos produced in the United States.
Consists of personal consumption expenditures, producers' durable equipment, and government purchases.

Table 1.15.—Auto Output in Constant Dollars
[Billions of 1972 dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1978

1979

1980

1981

1977

1978

I

II

III

IV

I

II

1

45.3

50.7

50.3

47.0

38.7

41.5

51.2

50.9

50.4

50.4

48.2

51.8

50.0

51.5

2
3
,. 4
5
6
7
8
9
10
11
12

44.4
38.7
31.1
7.5
8.7
12.6
39
36
2.7
6.3
0.6

49.7
42.1
34.4
7.7
10.9
14.8
-3.9
40
2.8
6.9
0.8

50.1
42.9
34.8
8.0
11.6
16.0
45
51
2.7
7.8
0.8

47.5
41.0
32.9
8.1
10.1
15.1
50
43
3.2
7.6
0.7

39.4
35.8
28.3
7.5
8.3
13.0
48
54
2.5
7.9
0.7

40.8
36.0
28.8
7.2
9.5
14.1
46
-5.3
2.3
7.7
0.7

50.3
42,2
34.4
7.8
10.7
14.7
40
-3.3
3.0
6.4
0.8

50.2
42,1
35.0
7.1
11.0
15.0
40
37
3.0
6.7
0.8

49.6
42.5
34.7
7.9
10.7
14,5
38
-4.3
2.7
7.0
0.8

48.6
41.5
33.6
7.9
11.1
15.1
-4.0
-4.8
2.6
7.4
0.8

46.3
39.6
32.0
7.6
10.8
14.8
-3.9
-4.9
2.5
7.5
0.8

52.9
45.0
37.3
7.7
12.2
16.6
-4.4
-5.1
2.7
7.8
0.8

50.7
43.3
35.0
8.3
11.6
16.2
-4.6
-5.0
2.8
7.9
0.8

50.5
43.6
35.1
8.5
11.6
16.5
-4.9
-5.4
2.7
8.1
0.7

Change in business inventories of new and used 13
autos.
New
„„, , ,,
14
15
Used

0.9

1.0

0.2

-0.5

-0.7

0.7

0.8

0.7

0.7

1.8

1.8

-1.1

-0.8

0.8
0.0

1.2
0.1

0.3
-0.1

-0.4
-0.1

-0.4
03

0.6
0.1

1.0
02

0.4
0.3

1.1
04

2.1
-0.3

2.1
-0.3

1.5
0.4

06
-0.2

1.1
-0.2

37.8
9.3

42.5
11.6

42.1
11.8

38.9
12.9

30.5
13.3

31.9
14.3

43.3
10.8

42.6
12.6

42.3
11.6

41.8
11.3

39.7
11.0

43.1
12.1

41.8
12.1

43.6
12.1

Auto output
Final sales
Personal consumption expenditures
New autos
,.. ,
Net purchases of used autos
Producers' durable equipment
New autos

.

,

Net exports
Exports
Imports ..
..
Government purchases of goods and services

0.9

Addenda:
Domestic output of new autos2 * .
Sales of imported new autos

...

16
17

Seasonally adjusted at annual rates

1979

Line
II

I

1980
III

IV

I

II

1981
III

IV

I

II

1982
III

IV

I

II

1

53.0

47.3

46.0

41.5

42.0

33.8

36.7

42.2

41.6

44.5

45.6

34.4

31.3

39.7

,. 2
3
4
5
6
7
8
9
10
11
12

51.2
43.2
35.0
8.2
11.3
16.5
-5.2
-4.1
3.1
7.2
0.8

46.0
39.5
31.5
7.9
10.3
15.0
47
-4.5
3.2
7.7
0.7

48.4
41.9
33.2
8.7
10.2
15.7
55
-4.4
3.2
7.6
0.8

44.2
39.4
31.8
7.6
8.5
13.1
46
-44
3.3
7.8
0.7

46.4
41.6
33.4
8.2
9.0
14.1
51
-4.8
3.1
7.9
0.7

33.4
30.5
23.5
7.0
7.2
11.4
42
-5.0
2.5
7.4
0.6

37.2
34.5
27.2
7.2
8.0
12.8
49
-5.9
2.1
8.0
0.7

40.6
36.7
29.3
7.4
8.9
13.8
48
-5.8
2.4
8,2
0.7

46.3
40.4
33.0
7.4
9.7
14.8
51
-4.5
2.6
7.1
0.7

38.2
33.9
26.7
7.3
8.9
13.1
42
-5.3
2.5
7.8
0.6

43.7
37.4
30.0
7.5
10.7
15.8
52
-5.1
2.7
7.8
0.7

35.2
32.2
25.6
6.6
8.8
12.5
-3.7
-6.5
1.6
8.0
0.6

38.3
34.9
28.3
6.6
9.3
13.3
-4.0
-6.6
1.5
8.0
0.6

37.8
35.0
28.3
6.7
9.3
12.9
36
-7.2
2.0
9.1
0.6

Change in business inventories of new and used 13
autos.
14
New
Used
' ..
. . . . 15

1.8

1.3

-2.4

-2.7

-4.4

0.4

-0.5

1.6

-4.7

6.3

1.8

-0.8

-7.0

1.9

1.5
0.3

1.5
02

-2.2
02

-2.4
03

-3.9
0.6

1.0
06

-0.5
0.0

1.6
0.0

-5.1
0.5

6.7
-0.4

1.3
0.5

-0.7
-0.1

-7.1
0.1

2.3
05

44.7
12.8

39.7
13.1

37.9
12.8

33.1
13.1

33.4
14.7

26.4
11.6

29.1
12.9

33.1
14.1

31.7
15.0

34.9
14.0

35.4
14.0

25.5
14.4

21.6
15.7

30.5
14.9

Auto output
Final sales . . ... ,
........ .... ,
Personal consumption expenditures.
New autos
..
Net purchases of used autos
Producers' durable equipment
New autos..
.. .
...
..
Net exports
Exports
Imports
Government purchases of goods and services....

Addenda:
Domestic output of new autos2 \ .
Sales of imported new autos
1
Consists
2

16
17

of final sales and change in business inventories of new autos produced in the United States.
Consists of personal consumption expenditures, producers' durable equipment, and government purchases.

378-127 0 - 82 - 3




34

SURVEY OF CURRENT BUSINESS

July

Table 1.16.—Truck Output
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1978

1979

1980

1981
I

Truck output \

1978

1977
II

I

IV

HI

II

III

IV

1

24.8

32.9

40.2

39.2

26.1

27.8

30.9

30.7

34.6

35.1

35.4

39.0

41.7

44.6

Final sales
Personal consumption expenditures
Producers' durable equipment.,
Net exports.........
Exports ....
Imports
,.,...
Government purchases of goods and services

2
3
4
5
6
7
8

24.5
8.6
13.6
0.0
2.1
2.1
2.3

31.6
11.4
18.2
-0.6
2.0
2.6
2.6

39.7
14.9
22.8
-0.9
2.8
3.7
2.9

39.1
11.7
24.7
-0.4
3.3
3.8
3.2

28.2
7.5
18.0
-1.1
3.1
4.1
3.7

27.6
7.7
17.3
-1.6
3.3
4.9
4.3

30.4
10.8
17.3
-0.2
2.1
2.3
2.6

30.6
10.7
17.9
-0.6
1.9
2.5
2.6

30.8
11.0
17.9
-0.5
2.1
2,5
2.5

34.3
13.0
19.8
-1.1
2.1
3.2
2.7

35.8
13.5
20.5
-0.8
2.5
3.3
2.6

40.7
15.8
23.2
-1.3
2.7
4.0
3.0

39.8
15.3
22.6
-1.0
2.7
3.6
2.9

42.4
15.0
25.0
-0.7
3.2
3.9
3.1

Change in business inventories

9

0.3

1.3

0.5

0.1

20

0.2

0.5

0.1

3.8

0.8

-0.4

-1.7

1.9

2.2

Seasonally adjusted at annual rates

1979

Line
I

Truck output

1

II

1981
I

IV

HI

II

1982
III

IV

I

II

1

45.3

41.8

36.3

33.5

28.8

24.7

23.7

27.4

26.9

30.1

26.5

27.7

29.4

32.6

42.0
13.5
25.9
05
3.3
3.7
3.1

38.6
11.1
25.4
09
3.3
4.1
2.9

38.6
10.9
24.7
02
3.2
3.4
3.2

37.3
11.3
22.7
01
3.5
3.7
3.5

31.6
8.7
20.2
08
3.0
3.7
3.5

27.2
7.3
17.2
07
2.9
3.5
3.3

27.5
7.5
17.9
19
3.1
5.0
3.9

26.4
6.6
16.8
-1.0
3.3
4.3
4.0

27.8
7.2
17.2
-0.7
3.6
4.3
4.1

29.5
7.9
18.2
-1.1
3.4
4.5
4.5

27.5
8.2
17.4
-2.5
3.2
5.7
4.4

25.8
7.4
16.6
-2.2
3.1
5.3
4.0

32.0
11.8
18.6
-2.6
2.9
5.5
4.3

30.0
11.5
16.8
-2.9
2.8
5.7
4.5

9

3.2

3.3

23

38

2g

25

38

1.0

Change in business inventories
1

1980
I

IV

III

2
3
.... 4
5
„ 6
, . 7
8

...

Final sales .. ..
,. .
Personal consumption expenditures
Producers' durable equipment
.. .. ,
Net exports
Exports
Imports .............. . . . , , , .
Government purchases of goods and services

II

-1.0

0.7

-1.0

-2.5

1.9

2.6

Includes new trucks only.

Table 1.17.—Truck Output in Constant Dollars
[Billions of 1972 dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1978

1980

1979

1981

1977
I

II

1978
III

IV

I

II

III

IV

1

18.9

23.2

26.2

23.2

13.9

13.3

22.5

22.0

24.3

24.1

23.8

25.8

26.9

28.2

Final sales
,
Personal consumption expenditures
Producers' durable equipment
Net exports. ,
,.
. . . . . . „...
Exports ...
...
Imports ,
.,
Government purchases of goods and services...

2
3
4
5
6
7
8

18.6
7.0
9.9
01
1.5
1.6
1.7

22.3
8.8
12.3
05
1.4
1.9
1.7

25.9
10.8
14.1
07
1.7
2.4
1.8

23.1
7.8
13.9
0.4
1.9
2.3
1.8

14.9
4.7
9.2
08
1.6
2.3
1.9

13.2
4.5
7.8
1.0
1.5
2.5
1.9

22.1
8.5
12.0
-0.2
1.5
1.7
1.8

21.9
8.4
12.2
05
1.3
1.8
1.8

21.7
8.5
12.0
0.4
1.4
1.8
1.6

23.6
9.8
12.9
08
1.4
2.2
1.7

24.1
10.0
13.0
-0.6
1.6
2.2
1.7

26.9
11.5
14.5
-1.0
1.7
2.7
1.9

25.6
10.9
13.7
-0.8
1.6
2.4
1.7

26.9
10.6
15.0
-0.6
1.9
2.5
1.9

Change in business inventories

9

0.2

0.9

0.3

0.1

1.1

0.1

0.4

0.0

2.6

0.5

-0.2

-1.1

1.2

1.4

Truck output *

,

Seasonally adjusted at annual rates

1979

Line
I

Truck output * ...
Final sales
Personal consumption expenditures
Producers' durable equipment
Exports
Imports
.
... ...
Government purchases of goods and services
g

1

Includes new trucks only.




*

1980
III

II

IV

I

II

1982

1981
III

IV

I

II

III

I

IV

II

1

27.6

24.7

21.2

19.2

15.9

13.3

12.3

13.9

13.3

14.6

12.6

12.9

13.9

15.5

2
3
, 4
5
6
7
8

25.8
9.3
15.1
04
1.9
2.3
1,8

22.8
7.4
14.4
07
1.8
2.5
1.6

22.6
7.2
13.9
03
1.8
2.1
1.8

21.4
7.4
12.4
03
2.0
2.2
1.9

17.5
5.6
10.7
06
1.6
2.2
1.8

14.7
4.6
9.0
06
1.5
2.1
1.7

14.3
4.6
8.9
-1.2
1.6
2.8
1.9

13.3
4.0
8.1
07
1.6
2.3
1.9

13.8
4.4
8.1
06
1.7
2.3
1.9

14,2
4.7
8.3
08
1.5
2.4
2.0

13.0
4.7
7.7
14
1.4
2.8
2.0

11.8
4.2
7.2
13
1.3
2.6
1.7

15.1
6.7
8.0
15
1.2
2.7
1.8

14.2
6.5
7.3
15
1.2
2.8
1.9

9

1.8

2.0

14

21

15

2o

0.6

05

0.4

05

1.0

12

1.3

-1.4

35

SURVEY OF CURRENT BUSINESS

July

Table 1.18.—Farm Output, Gross Product, and Income
[Millions of dollars]
Line

1977

1976

1

> 1978

1981

1980

1979

101,078

106,791

124,213

149,944

149,323

164,820

94,463

96,035

112,494

131,655

139,521

143,508

3
4
5
6
7
g
9
10

48351
46,112
5,973
1,334
1,357
2049
-1,367
-682

48400
47,635
7,294
1,161
1,162
1139
2,400
-1,261

53684
58,810
8,237
1,186
1,233
1 063
2^463
-1,400

63071
68,584
9,752
1,321
1,547
5669
4,813
856

71 725
67,796
11,373
1,157
1,550
4278
-5,616
1,338

75,025
68,483
12,728
1,164
1,934
5486
5,207
279

Less: Intermediate goods and services 11
purchased.
Intermediate goods and services, 12
other than rent.
Rent paid to nonoperator land- 13
lords.

55,173

58,386

65,470

78,366

83,958

89,030

48,833

51,630

58,391

70,242

75,026

79,013

6,340

6,756

7,079

8,124

8,932

10,017

14

45,905

48,405

58,743

71,578

65,365

75,790

Less: Capital consumption allowances 15
with capital consumption adjustment.
Indirect business tax and 16
nontax liability.
17
Plus: Subsidies to operators . .

11,141

12,570

14,226

16,322

18,824

20,814

2,704

2,805

2,757

3,018

3,241

3,499

644

1,595

2657

1206

1128

1694

18

32,704

34,625

44,417

53,444

44,428

53,171

19
20
21

7,555
6742
813

8,423
7,499
924

8,977
7917
1,060

10,112
8902
1,210

11,153
9818
1,335

11,906
10444
1,462

22

19,089

19,056

26,307

31,925

19,391

23,955

23

393

264

913

892

642

620

24

5667

6882

8220

10515

13 242

16690

Farm output
Cash receipts from farm marketings
and net Commodity Credit Corporation loans.
Crops
Livestock
Gross rental value of farm housing
Farm products consumed on farms
Other farm income
Crops
Livestock

Equals: Gross farm product

Equals: Income
Compensation of employees
Wages and salaries
Supplements to wages and salaries.
Proprietors' income with inventory valuation and capital consumption adjustments.
Corporate profits with inventory valuation and capital
consumption adjustments.
Net interest

2

'

Table 1.19.—Farm Output, Gross Product, and Income in Constant Dollars
[Billions of 1972 dollars]
Line

1976

1977

1978

1980

1979

1981

1

66 7

69.6

712

744

72.2

760

2

63.7

65.4

67.0

67.9

70.6

70.4

3
4
5
6
7
8
9
10

28 S
353
3.1
1.0
0.9
19
09
-1.0

28.6
36.8
3.0
0.8
0.7
03
11
-1.4

302
368
2.8
0.7
07
00
12
— 12

31.8
361
2.6
0.7
0.8
24
21
0.3

34.2
36.4
2.4
0.6
0.7
21
27
0.6

33.7
367
2.1
0.6
08
21
20
01

Less: Intermediate goods and services 11
purchased.
Intermediate goods and services, 12
other than rent.
Rent paid to nonoperator land- 13
lords.

34.6

36.5

38.6

40.3

38.0

37.6

31.1

32.7

35.0

36.5

34.2

33.6

3.5

3.7

3.6

3.7

3.8

4.0

Farm output
Cash receipts from farm marketings
and net Commodity Credit Corporation loans.
Crops
Livestock
.
Gross rental value of farm housing
Farm products consumed on farms
Other farm income
Change in farm inventories
Crops
Livestock

14

32.1

33.1

32 6

342

342

384

Less: Capital consumption allowances 15
with capital consumption adjustment.
Indirect business tax and nontax 16
liability.
17
Plus' Subsidies to operators

7.8

8.1

8.4

8.7

9.0

9.2

2.0

2.1

2.0

2.1

2.1

2.4

38

38

4o

43

46

45

18

26.1

26.8

262

27.6

27 6

31 3

Equals* Gross farm product

Equals* Income




36

SURVEY OF CURRENT BUSINESS

July

Table 1.20.—Housing Output, Gross Product, and Income
[Billions of dollars]
Line
Housing output

l

1976

1

1977

1978

1979

1980

1981

160 5

179 8

202 5

227 5

2569

285 1

1545
111 1
434
6.0

1725
1247
478
7.3

1943
1412
531
82

217 8
1599
579
98

245 5
1815
640
114

2724
2017
707
127

Less: Intermediate goods and services 6
consumed *.

25.9

28.2

33.0

37.3

40.1

46.1

7

134.6

151.5

169.5

1903

2168

2390

8
9
10
11

130.1
947
354
45

146.2
1057
405
5.3

163.5
1195
440
6.0

1831
1354
477
72

2085
1554
53 1
83

2296
1729
568
94

12

34.8

40.2

46.7

54.3

60.8

66.2

13
14

18.0
-16.8

19.4
-20.8

21.2
-25.5

23.3
-31.0

25.3
-35.5

27.2
-39.1

15

32.4

35.6

36.0

36.4

38.7

42.5

16

2.1

2.4

2.9

3.8

4.8

6.1

17

69.5

78.1

89.7

103.3

122.1

136.3

18
19

3.1
2.3

3.5
2.9

3.8
3.3

4.2
3.9

4.9
4.6

5.6
5.1

20

14.6

13.8

14.4

14.6

18.5

19.0

21

0.1

0.1

0.1

0.1

0.1

0.0

22

493

578

681

805

939

1067

Nonfarm housing
Owner-occupied
Tenant-occupied . .
Farm housing

,

2
3
4
,,,.. 5

Equals: Gross housing product
Nonfarm housing
Owner-occupied
Tenant-occupied
Farm housing

..... .

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
Equals
2

personal consumption expenditures for housing less expenditures for other housing as shown in table 2.4.
Equals intermediate goods and services consumed less the value of losses incurred by lenders due to mortgage defaults.

Table 1.21.—Housing Output, Gross Product, and Income in Constant Dollars
[Billions of 1972 dollars]
Line

1976

1977

1978

1980

1979

1981

1

1301

136.5

143.5

1496

154.6

157.6

2
3
4
5

1271
914
35.7
31

1335
968
36.8
30

1407
1025
38.2
28

1470
1082
38.8
2.6

1522
1128
39.4
2.4

155.5
1154
40.1
2.1

Less: Intermediate
goods and services 6
consumed 2.

20.9

20.9

22.8

23.8

23.3

24.6

7

109.3

115.6

120.8

125.8

131.3

132.9

107.0
779
29.1
2.3

113.5
820
31.4
2.2

118.7
868
31.9
2.0

123.9
916
32.3
1.9

129,6
96.6
33.0
1.7

131.4
98.9
32.5
1.5

Housing output

1

Nonfarm housing
Owner-occupied
Tenant-occupied
Farm housing

..

Equals: Gross housing product ..
Nonfarm housing
Tenant-occupied
Farm housing

.... ..

... 8
9
10
11
..

Less: Capital consumption allowances 12
with capital consumption adjustment.
Indirect business tax and nontax 13
liability plus business transfer
payments.
Plus: Subsidies less current surplus of 14
government enterprises.
Equals* Income
1
2

15

24.8

26.2

27.0

28.0

28.7

29.3

28.7

30.5

32.0

33.4

35.1

35.5

1.7

1.8

1.9

2.0

2.1

2.2

57.5

60.8

63.7

66.4

69.7

70.3

Equals personal consumption expenditures for housing less expenditures for other housing as shown in table 2.5.
Equals intermediate goods and services consumed less the value of losses incurred by lenders due to mortgage defaults.




37

SURVEY OF CURRENT BUSINESS

July

2. Personal Income and Outlays
Table 2.1.—Personal Income and Its Disposition
Millions of dollars
Line

1976

1977

1978

1979

Billions of dollars, seasonally adjusted at annual rates

1980

1981

1

1,391,192

1,540,407

1,732,673

1,951,170

2,160,401 2,415,844 1,476.9

2

889,925

983,159

1,106,259

1,237,617

1,356,124

3
4
5
6
7

307,254
237,423
216,580
177,407
188,684

Other labor income

8

Proprietors' income with inventory valuation and
capital consumption adjustments.

9

Personal income
Wage and salary disbursements

.. <•

Commodity-producing industries ..
Manufacturing
.
Distributive industries
Service industries .
,......,, .. ....
Government and government enterprises

Farm
Nonfarm....,

,

Rental income of persons with capital consumption adjustment.
Personal dividend income
Personal interest income
Transfer payments
...
....
Old-age, survivors, disability, and health insurance benefits.
Government unemployment insurance benefits
Veterans benefits
Government employees retirement benefits...
Other transfer payments ,
Aid to families with dependent children
Other
,
Less: Personal contributions for social insurance
Less* Personal tax and nontax payments
Equals* Disposable personal income
Less* Personal outlays

...

Personal consumption expenditures
Interest paid by consumers to business
Personal transfer payments to foreigners (net)

343,628
265,956
239,465
197,702
202,364

389,448
299,234
270,691
226,615
219,505

75,865

89,435

102,530

94,072

103,854

118,542

10
11

19,089
74,983

19,056
84,798

26,307
92,235

12

23,505

24,816

13
14
15

36,514
132,523
194,273

39,562
152,797
207,897

16

92,867

17
18
19
20
21
22

15,784
14,367
26,137
45,118
10,053
35,065

438,400
333,880
303,351
259,681
236,185

1,493,922

1978

1977

I

940.2

II

III

IV

I

II

III

IV

1,644.9

1,702.7

1,761.8

1,821.3

969.9

996.3 1,026.3 1,051.2

1,091.0

1,122.7

1,160.1

340.4
263.0
236.4
193.6
199.5

365.0
284.9
258.0
214.5
213.8

384.6
294.1
266.9
222.4
217.0

397.2
303.4
274.2
230.8
220.6

411.0
314.5
283.7
238.7
226.6

1,514.5

1,561.1 1,609.2

468,008
354,430
330,482
297,446
260,188

510,821
386,370
361,397
338,640
283,064

114,912

127,246

140,419

84.3

87.6

91.3

94.6

97.9

101.3

104.1

106.8

132,095

116,267

124,700

100.8

100.3

103.9

110.4

111.1

118.1

120.1

124.8

31,925
100,170

19,391
96,876

23,955
100,745

19.4
81.4

16.4
83.9

17.6
86.3

22.8
87.6

22.9
88.2

25.8
92.3

26.5
93.6

30.0
94.8

26,600

27,909

32,872

33,878

24.8

24.4

25.5

24.5

25.2

25.0

27.8

28.4

45,310
179,357
223,844

50,757
218,727
250,260

55,920
263,421
297,237

62,510
328,982
336,334

39.1
144.2
202.7

39.0
150.2
203.7

39.7
155.7
210.5

40.5
161.1
214.6

42.5
166.4
217.7

44.1
173.3
218.9

46.3
183.7
227.7

48.3
194.1
231.1

104,943

116,231

131,819

154,168

181,999

99.7

101.6

108.4

110.1

111.4

112.3

119.7

121.6

12,664
13,817
28,976
47,497
10,574
36,923

9,724
13,873
32,659
51,357
10,699
40,658

9,777
14,439
36,904
57,321
10,999
46,322

16,086
15,012
42,963
69,008
12,409
56,599

15,413
16,091
49,184
73,647
13,360
60,287

14.9
14.4
27.5
46.3
10.4
35.8

12.8
13.9
28.6
46.8
10.6
36.2

11.5
13.3
29.3
48.0
10.7
37.4

11.4
13.7
30.5
48.9
10.7
38.3

11.1
14.0
31.2
50.1
10.7
39.4

9.7
13.7
32.2
51.0
10.8
40.2

9.3
13.7
32.9
52.1
10.7
41.4

8.8
14.1
34.3
52.3
10.6
41.7

325.8
252.5
228.7
189.2
196.5

350.0
270.7
242.6
200.3
203.4

358.3
277.6
250.2
207.8
210.0

23

55,485

61,113

69,769

81,107

88,686

104,901

59.3

60.5

61.7

62.9

67.1

69.1

70.6

72.3

24

196,833

226,388

258,682

301,015

336,325

386,696

221.6

222.6

225.6

235.7

239.2

251.3

265.6

278.6

25

1,194,359

1,314,019

1,473,991

1,650,155

1,824,076 2,029,148

1,255.2

1,291.9

1,335.5 1,373.5

1,405.7

26

1,111,868

1,236,024

1,384,619

1,553,465

1,717,866

1,898,939

1,192.4

1,217.7

1,248.6

1,285.4

1,311.3 1,367.7

1,406.7

27
28
29

1,084,271 1,204,440
26,680
30,725
917
859

1,346,474
37,377
768

1,507,165
45,468
832

1,667,191
49,877
798

1,843,184
55,110
645

1,162.7
28.8
0.9

1,186.8
30.0
0.9

1,216.5
31.3
0.8

1,251.8
32.8
0.8

1,276.4 1,330.7
34.3
36.3
0.7
0.8

1,367.5 1,411.3
38.5
40.5
0.7
0.9

1,451.3 1,496.2

1,542.7
1,452.7

30

82,491

77,995

89,372

96,690

106,210

130,209

62.9

74.2

86.9

88.0

94.4

83.6

89.5

90.0

31

906,777

942,880

988,779

1,015,684

1,018,046

1,043,073

919.5

933.9

952.2

965.9

973.4

982.8

994.2

1,004.8

32
33
34

5,477
4,158
218,086

5,965
4,280
220,289

6,621
4,441
222,629

7,331
4,512
225,106

8,012
4,472
227,654

Personal saving as percentage of disposable per- 35
sonal income.

6.9

5.9

6.1

5.9

5.8

£)ouals* Personal saving
Addenda:
Disposable personal income:
Total, billions of 1972 dollars..
Per capita:
Current dollars
1972 dollars
Population (mid-period, thousands)




8,827
6,055
6,340
5,721
5,873
6,209
6,711
6,900
6,529
4,538
4,190
4,246
4,317
4,367
4,390
4,460
4,494
4,422
229,872 219,427 219,956 220,573 221,201 221,719 222,281 222,933 223,583
6.4

5.0

5.7

6.5

6.4

6.7

5.8

6.0

5.8

38

SURVEY OF CURRENT BUSINESS

July

Table 2.1.—Personal Income and Its Disposition—Continued
Billions of dollars, seasonally adjusted at annual rates

1979

Line

Personal income

,.

1980

1982

1981

I

II

III

rv

I

II

III

rv

I

II

III

IV

I

II

1

1,871.8

1,916.6

1,981.9

2,034.4

2,086.8

2,109.6

2,185.3

2,260.0

2,330.0

2,380.6

2,458.2

2,494.6

2,510.5

2,549.5

... 2

1,193.2

1,218.2

1,254.5

1,284.6

1,319.7

1,332.1

1,360.5

1,412.2

1,452.8

1,479.4

1,512.3

1,531.2

1,541.6

1,555.9

3
4
5
6
7

424.5
325.5
292.7
246.6
229.5

433.3
330.2
297.7
253.5
233.6

444.4
338.0
308.0
265.1
237.1

451.4
341.9
315.0
273.6
244.5

462.7
350.3
323.2
283.4
250.4

458.6
347.0
324.9
292.0
256.6

465.6
352.8
331.9
301.4
261.6

485.1
367.7
341.9
313.1
272.2

499.2
377.0
352.1
325.2
276.2

507.2
386.9
358.7
333.7
279.8

519,3
392.9
366.5
342.8
283.8

517.7
388.7
368.3
352.8
292.4

514.3
385.1
371.4
359.5
296.5

513.2
385.5
375.7
366.9
300.1

8

110.2

113.2

116.5

119.7

123.2

125.9

128.4

131.5

135.3

138.4

142.2

145.8

149.1

152.5

Proprietors' income with inventory valuation and 9
capital consumption adjustments.

128.9

134.1

133.3

132.2

122.7

108.9

115.5

118.0

123.4

123.8

127.5

124.1

116.4

115.3

10
11

32.5
96.4

35.1
99.0

30.6
102.6

29.5
102.7

22.1
100.5

15.9
93.0

20.3
95.1

19.2
98.8

21.6
101.8

22.5
101.2

27.1
100.4

24.6
99.5

17.8
98.6

15.3
100.0

12

28.2

27.0

27.2

29.2

30.8

32.7

33.8

34.2

34.4

34,0

33.6

33.6

33.9

34.2

13
14
15

50.0
204.1
236.2

50.5
211.9
241.9

50.6
223.7
258.0

51,9
235.3
264.9

54.1
249.1
274.2

55.7
258.0
283.2

56.5
266.4
313.4

57.4
280.2
318.2

59.2
304.7
322.8

61.5
320.6
327.0

64.1
339.6
344.8

65.2
351.0
350.7

65.8
359.7
354.6

66.1
371.8
365.0

16

123.6

126.4

137.6

139.6

142.1

144,7

163.4

166.4

171.0

173.7

190.6

192.8

194.7

197.1

17
18
19
20
21
22

9.5
14.3
35.0
53.8
10.7
43.2

9.3
. 14.2
36.3
55.6
10.8
44.8

9.6
14.5
37.2
59.2
11.1
48.1

10.8
14.7
39.1
60.7
11.4
49.3

11.8
14.8
40.1
65.3
11.7
53.6

15.9
14.6
42.3
65.6
12.1
53.5

18.7
14.9
43.4
73.0
12.8
60.2

18.0
15.7
46.0
72.1
13.0
59.1

15.7
16.0
47.2
72.9
13.1
59.8

15.1
15.9
49.1
73.2
13.4
59.8

14.1
16.0
49.6
74.4
13.5
61.0

16.7
16.4
50.8
74.0
13.4
60.6

18.7
16.3
51.5
73.3
13.2
60.1

23.5
16.0
54.4
74.0
13.4
60.6

Wage and salary disbursements...
Commodity-producing industries
Manufacturing
,.
...,.,.,...
,
Distributive industries ..
Service industries
Government and government enterprises

,. .

Other labor income

Farm .,
Nonfarm .
Rental income of persons with capital consumption adjustment.
Personal dividend income.
Personal interest income
Transfer payments
Old-age, survivors, disability, and health insurance benefits.
Government unemployment insurance benefits .,.,„.
Veterans benefits
...
Government employees retirement benefits
.
Other transfer payments
Aid to families with dependent children
Other

79.0

80.1

81.9

83.4

86.9

86.9

89.1

91.8

102.5

104.1

106.1

107.0

110.6

111.3

... •• 24

284.3

292.6

307.6

319.5

319.9

328.6

339.7

357.1

371.2

384.2

398.1

393.2

393.4

397.5

25

1,587.5

1,624.0

1,674.3

1,714.9

1,766.9

1,781.0

1,845.5

1,902.9

1,958.7

1,996.5

2,060.0

2,101.4

2,117.1

2,151.9

26

1,489.5

1,521.2

1,575.7

1,627.5

1,669.1

1,672.4

1,732.5

1,797.6

1,852.8

1,874.5

1,925.7

1,942.7

1,977.9

2,009,9

27
28
29

1,446.3
42.4
0.7

1,476,0
44,5
0.7

1,528.3
46.5
0.8

1,578.0
48.5
1.1

1,618.7
49.6
0.7

1,622.2
49.4
0.7

1,682.0
49.7
0.8

1,745.8
50.8
0.9

1,799.9
52.4
0.5

1,819.4
54.4
0.8

1,868.8
56.2
0.7

1,884.5
57,5
0.7

1,919.4
57.8
0.8

1,950.8
58.3
0.9

30

98.0

102.8

98.6

87.3

97.9

108.6

113.1

105.3

105.9

122.0

134.4

158.6

139.1

142.0

31

1,011.1

1,011.7

1,019.8

1,020.1

1,022.8

1,005.5

1,018.2

1,025.7

1,035.0

1,036.6

1,048.8

1,051.9

1,046.9

1,054.9

9,155
4,527
231,246

9,287
4,553
231,715

6.6

6.6

Less: Personal contributions for social insurance..... 23
Less! Personal tax and nontax payments

.

Equals: Disposable personal income
Less: Personal outlays..,,.

,

„

Personal consumption expenditures
Interest paid by consumers to business..
Personal transfer payments to foreigners (net)
Equals: Personal saving

..

Addenda:
Disposable personal income:
Total billions of 1972 dollars
Per capita:
Current dollars . ,
1972 dollars
Population (mid-period thousands)

32
33
34

7,082
4,511
224,152

7,226
4,502
224,737

7,427
4,524
225,418

7,584
4,511
226,117

7,793
4,511
226,727

7,834
4,423
227,332

8,095
4,466
227,978

8,325
4,487
228,579

8,551
4,519
229,053

8,698
4,516
229,539

8,951
4,557
230,145

9,107
4,559
230,751

Personal saving as percentage of disposable per- 35
sonal income.

6.2

6.3

5.9

5.1

5.5

6.1

6.1

5.5

5.4

6.1

6.5

7.5

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.

Table 2.2.—Personal Consumption Expenditures by Major Type of Product
[Billions of dollars]
Seasonally adjusted at annual rates
Line

Personal consumption expenditures
Durable goods
Motor vehicles and parts.
,
...,..,.
Furniture and household equipment
,
Other

Housing
Household operation
Other
Transportation
Other




.

1978

1979

1980

1977

1981

1978

I

II

III

IV

I

II

III

IV

1,084.3

1,204.4

1,346.5

1,507.2

1,667.2

1,843.2

1,162.7

1,186.8

1,216.5

1,251.8

1,276.4

1,330.7

1,367.5

1,411.3

•• 2

156.8

178.2

200.2

213.4

214.3

234.6

171.2

175.5

180.1

186.0

184.9

202.6

203.7

209.6

3
4
5

72.6
59.1
25.2

84.8
65.7
27.7

95.7
72.8
31.7

96.6
81.8
35.1

89.7
86.3
38.3

98.6
93.4
42.6

83.4
62.8
25.0

83.8
64.7
27.1

85.0
66.5
28.6

87.0
69.0
30.0

86.4
68.4
30.1

99.0
72.2
31.5

98.1
73.6
32.0

99.3
77.1
33.1

,
.,.,.,

6

441.7

478.8

528.2

600.0

670.4

734.5

466.0

474.5

480.5

494.3

502.7

519.2

534.9

556.1

7
8
9
10
11
12

230.6
75.3
44.0
91.9
9.8
82.1

249.8
82.6
48.1
98.2
10.7
87.6

275.9
92.4
51.2
108.8
11.9
96.9

311.6
99.1
66.6
122.8
16.1
106.6

343.7
104.7
87.0
135.0
19.0
116.0

375.3
114.6
96.8
147.9
19.7
128.2

243.8
79.1
47.2
95.9
10.6
85.2

248.8
80.7
48.6
96.4
10.2
86.2

250.5
83.1
48.3
98.6
10.6
87.9

256.1
87.7
48.5
102.1
11.2
90.9

262.0
87.0
49.3
104.5
12.2
92.3

270.3
91.8
49.9
107.2
11.9
95.3

279.6
93.9
51.5
109.9
11.5
98.5

291.6
96.8
54.3
113.5
12.1
101.3

.

13

485.7

547.4

618.0

693.7

782.5

874.1

525,5

536.8

555.9

571.5

588.8

608.8

628.8

645.6

..

14
15
16
17
....... 18
19

166.5
71.6
32.9
38.7
38.6
209.0

185.9
81.1
38.5
42.6
46.4
234.1

209.6
90.1
42.9
47.2
51.2
267.1

236.0
99.3
47.8
51.5
56.3
302.0

266.0
111.7
56.6
55.1
62.9
341.9

295.3
128.9
66.8
62.1
65.4
384.4

179.2
78.7
37.7
41.0
43.8
223.7

183.0
78.3
36.3
42.0
45.8
229.6

187.8
82.7
39.7
43.0
47.6
237.8

193.4
84.6
40.1
44.4
48.3
245.2

199.5
87.7
42.3
45.4
49.4
252.2

206.2
88.6
42.2
46.4
51.0
263.0

212.8
91.1
43.1
48.0
51.8
273.1

220.0
92.9
43.9
49.0
52.4
280.3

Food
Clothing and shoes . .
...... . ,
Gasoline and oil.
... . . ,
Other nondurable goods
Fuel oil and coal
,
Other
.
.

1977

. ... 1

Nondurable goods

Services

1976

...
...

,

39

SURVEY OF CURRENT BUSINESS

July

Table 2.2.—Personal Consumption Expenditures by Major Type of Product—Continued
[Billions of dollars]
Seasonally adjusted at annual rates

Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods

...

......
".

,
,

,,...,

III

IV

I

II

III

IV

I

II

III

IV

I

II

1

1,446.3

1,476.0

1,528.3

1,578.0

1,618.7

1,622.2

1,682.0

1,745.8

1,799.9

1,819.4

1,868.8

1,884.5

1,919.4

1,950.8

211.1

208.7

217.3

216.6

220.8

199.0

212.7

224.7

236.9

230.4

241.2

229.6

237.9

242.6

3
4
5

99.5
78.3
33.4

93.5
80.2
35.0

98.4
83.5
35.5

94.9
85.2
36.5

97.9
85.5
37.5

79.2
83.4
36.4

88.1
86.0
38.6

93.7
90.4
40.6

102.1
93.1
41.7

94.2
93.3
42.9

104.0
93.8
43.4

93.9
93.3
42.4

103.2
91.0
43.7

105.0
93.6
44.0

569.3

586.0

609.3

635.5

650.6

656.7

673.7

700.5

720.6

729.6

741.3

746.5

749.1

756.5

300.0
95.6
57.7
115.9
13.4
102.5

306.4
97.1
62.2
120.4
15.0
105.3

313.1
100.8
70.5
125.0
17.7
107.3

326.8
103.0
75.9
129.7
18.3
111.5

333.9
103.0
82.0
131.7
18.8
112.9

336.4
102.2
86.1
132.0
18.6
113.4

346.4
104.8
87.0
135.5
19.3
116.2

358.0
108.9
92.8
140.8
19.2
121.6

368.8
112.3
95.2
144.4
20.0
124.3

372.1
114.0
96.7
146.9
19.9
127.0

378.0
115.9
97.7
149.7
19.9
129.8

382.3
116.0
97.5
150.7
19.2
131.5

387.9
117.5
95.3
148.4
17.3
131.1

396.4
119.5
90.5
150.2
17.3
133.0

13

666.0

681.3

701.7

725.9

747.3

766.6

795.6

820.6

842.4

859.4

886.3

908.3

932.4

951.6

14
15
,. ... 16
17
18
19

225.6
96.7
46.8
49.9
53.1
290.5

231.4
97.8
46.9
50.9
55.7
296.4

239.1
99.6
47.4
52.2
57.2
305.8

248.1
103.2
50.2
53.0
59.3
315.3

254.8
105.1
50.9
54.2
61.2
326.2

261.6
108.9
54.8
54.1
61.6
334.5

269.6
114.7
59.2
55.5
64.1
347.2

278.1
118.2
61.4
56.8
64.6
359.8

284.4
120.7
61.9
58.8
66.2
371.1

291.3
125.2
64.6
60.7
64.3
378.5

298.7
132.8
69.4
63.5
65.5
389.3

307.0
136.9
71.2
65.7
65.7
398.7

314.5
141.4
75.1
66.3
66.9
409.6

320.6
143.5
75.2
68.2
70.5
417.1

Services....... ,
Housing
...
Household operation
Electricity and gas.
Other
Transportation.....
Other

II

2

6

...

1982

1981

I

7
8
.... 9
10
11
12

<

Food
Clothing and shoes....,
Gasoline and oil................
Other nondurable goods
Fuel oil and coal
Other

1980

1979

Line

Table 2.3.—Personal Consumption Expenditures by Major Type of Product in Constant Dollars
[Billions of 1972 dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1979

1978

1980

1977

1981

Nondurable goods .

III

IV

823.1

864.3

903.2

927.6

930.5

947.6

851.7

858.0

867.3

880.4

883.8

901.1

908.6

919.2

126.6

138.0

146.8

147.2

137.1

140.0

133.9

136.9

139.2

142.0

139.4

149.8

147.9

150.1

... 3
4
5

57.3
48.9
20.4

63.5
52.9
21.5

66.9
56.5
23.4

62.6
60.4
24.2

53.8
60.1
23.2

54.2
61.6
24.3

63.2
51.0
19.7

63.4
52.3
21.2

63.6
53.4
22.2

63.8
55.1
23.1

62.3
54.3
22.8

70.0
56.4
23.4

67.7
56.7
23.6

67.6
58.5
24.0

6

321.9

333.4

344.4

353.1

355.8

362.4

330.6

331.9

332.4

338.7

339.1

341.0

345.3

352.2

164.1
63.8
26.8
67.2
4.6
62.5

170.6
67.5
27.7
67.6
4.4
63.1

171.8
73.6
28.3
70.8
4.7
66.0

176.1
76.7
27,4
72.9
4.7
68.2

180.2
78.0
25.7
72.0
4.0
68.0

181.4
82.7
25.7
72.6
3.5
69.1

170.2
65.4
27.8
67.2
4.6
62.6

171.1
66.2
27.7
66.8
4.3
62.6

169.9
67.4
27.6
67.5
4.4
63.1

171.4
70.8
27.6
68.8
4.5
64.3

171.2
70.5
28.1
69.3
4.9
64.4

169.5
73.0
28.0
70.4
4.7
65.7

171.3
74.6
28.2
71.2
4.6
66.6

175.0
76.3
28.8
72.1
4.6
67.4

13

374.7

393.0

412.0

427.3

437.6

445.2

387.1

389.2

395.7

399.7

405.3

410.3

415.4

416.9

14
15
16
........ 17
18
. . .
19

134.9
52.0
21.2
30.7
30.8
157.1

141.3
55.1
22.5
32.6
32.7
163.9

148.5
57.8
23.2
34.6
34.0
171.7

154.8
60.1
23.5
36.7
35.0
177.3

159.6
61.5
23.8
37.8
34.1
182.4

162.6
63.5
24.6
38.8
32.4
186.8

139.6
54.4
22.6
31.8
32.1
161.0

140.3
53.8
21.6
32.2
32.5
162.7

141.7
55.7
23.0
32.7
33.1
165.3

143.4
56.3
22.8
33.5
33.2
166.8

145.4
57.5
. 23.6
33,9
33.4
169.0

147.5
57.1
22.8
34.3
34.1
171.5

149.6
58.0
23.2
34.9
34.4
173.5

151.4
58.5
23.2
35.3
34.1
172.9

..
...

Services
.

n

I

7
. 8
9
10
11
.. 12

•

Housing ..
Household operation
Electricity and gas
Other
Transportation
Other
..

IV

1

..

Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other .

III

,, 2

Personal consumption expenditures ....
Durable goods
Motor vehicles and parts
Furniture and household equipment..,.
Other

1978

II

I

Seasonally adjusted at annual rates

1979

Line

Personal consumption expenditures
Durable goods

.

Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods

,.

Food
Clothing and shoes
Gasoline and oil .
Other nondurable goods

,
..
.

,

Other
Services

Electricity and gas
Other
Other




<

.
.

1980

1981

I

II

III

IV

I

II

m

IV

I

1982

II

III

IV

I

II

1

921.2

919.5

930.9

938.6

937.0

915.8

928.0

941.0

951.1

944.6

951.4

943.4

949.1

956.3

2

148.6

144.9

149.1

146.3

145.4

128.9

134.6

139.5

145.3

138.6

142.2

134.1

137.5

139.0

3
4
5

66.2
58.6
23.8

60.8
59.6
24.5

63.2
61.6
24.3

60.2
61.8
24.2

60.6
61.0
23.8

48.1
58.5
22.3

52.3
59.4
23.0

54.2
61.6
23.7

58.6
62.6
24.1

52.2
61.8
24.6

56.1
61.4
24.7

50.0
60.4
23.7

54.9
58.5
24.1

55.0
59.6
24.4

6

349.9

349.2

353.4

359.8

357.8

352.7

353.7

359.0

361.6

361.7

363.0

363.1

362.2

365.7

......... 7
8
9
10
11
12

173.8
75.1
29.1
71.9
4.9
67.0

174.0
75,3
27.1
72.8
4.8
68.0

176.1
77.7
26.6
73.0
4.8
68.2

180.4
78.8
26.7
73.9
4.5
69.5

182.3
77.6
25.1
72.8
4.2
68.6

180.1
76.6
25.0
71.1
4.0
67.1

179.0
77.8
25.5
71.3
4.0
67.2

179.3
79.9
27.0
72.8
3.9
68.9

181.4
82.1
25.4
72.7
3.6
69.1

181.3
82.6
25.4
72.5
3.4
69.0

180.9
83.1
26.2
72.9
3.5
69.4

182.0
83.0
25.8
72.3
3.3
69.0

181.7
83.8
26.2
70.4
3.0
67.4

183.9
84.7
27.0
70.1
3.2
66.9

13

422.8

425.4

428.5

432.6

433.9

434.3

439.7

442.5

444.2

444.3

446.2

446.2

449.5

451.6

14
15
.... 16
17
18
19

152.8
60.1
24.2
35.9
34.8
175.1

154.1
60.0
23.5
36.5
35.2
176.1

155.4
59.8
22.8
37.0
35.0
178.2

157.0
60.6
23.4
37.2
35.1
179.9

158.1
60.6
22.9
37.7
34.8
180.3

159.2
61.1
23.3
37.7
33.9
180.2

160.1
62.0
24.3
37.6
34.1
183.5

161.0
62.5
24.5
38,0
33.5
185.6

161.6
62.4
24.1
38.3
33.5
186.7

162.4
63.0
24.4
38,6
32.3
186.7

162.9
64.1
25.0
39.1
32.1
187.2

163.5
64.4
25.2
39.2
31.7
186.6

164.5
64.5
25.6
38.9
31.9
188.5

165.2
64.3
24.9
39.4
33.0
189.1

40

SURVEY OF CURRENT BUSINESS

July

Table 2.4.—Personal Consumption Expenditures by Type of Expenditure
[Millions of dollars]
Line
Personal consumption expenditures
Food and tobacco

,

1979

1978

1980

1981

1,084,271

1,204,440

1,346,474

1,507,165

1,667,191

1,843,184

2

247,047

266,401

293,854

330,830

364,340

398,406

,. 3
4
5
6
7

167,447
58,525
3,350
1,262
16,463

179,965
65,352
3,419
1,091
16,574

197,919
72,943
3,894

248,121
89,414

270,664
97,916

5,041
1,086

5,621
1,076

17,986

223,360
82,475
4,494
1,243
19,258

20,678

23,129

8
9
10

200,448
19,423
10,713

217,354
20,691
11,782

240,938
22,044
12,886

272,246
24,814
14,512

299,977
27,665
16,020

329,063
28,826
17,388

Addenda: Food excluding alcoholic beverages (n.d.)
,
Alcoholic beverages purchased for off-premise consumption (n.d.)....
Other alcoholic beverages (n.d.)
Clothing, accessories, and jewelry

1977

1
.,

Food purchased for off-premise consumption (n.d.),,
Purchased meals and beverages Mn.d.)
Food furnished employees (including military) (n.d.)...
Food produced and consumed on farms (n.d.)..,
,.
Tobacco products (n.d.)
,

1976

,„..,.....

1,112

11

88,566

96,765

108,193

116,341

124,446

136,418

12
13
14
15
16
17
18
19

11,606
63,589
41,471
22,118
85
4,454
7,345
1,487

13,050
69,510
45,207
24,303

16,291
82,744
54,088
28,656

17,319
87,286
56,999
30,287

19,095
95,354
62,697
32,657

1,641

14,717
77,560
50,681
26,879
79
5,195
8,833
1,809

2,041

11,287
2,304

20

15,618

17,371

19,287

21,141

22,909

24,576

21
22

10,232

11,169
6,202

12,297
6,990

13,600

14,719

7,541

8,190

16,116
8,460

,.

23

166,466

185,871

209,644

236,050

266,015

295,334

Owner-occupied nonfarm dwellings—space 5rent 4 (s.)
Tenant-occupied nonfarm dwellings —rent (s.)
Rental6 value of farm dwellings (s.)
Other (s.)...
,

24
25
26
27

111,060
43,435
5,973

124,672
47,378
7,294
6,527

141,212
52,599
8,237
7,596

159,904
57,368
9,752
9,026

181,471
63,456
11,373

9,715

201,709
70,024
12,728
10,873

28

148,312

166,173

184,649

207,914

229,694

256,452

29
30
31
32
33
34

12,852
11,999
5,795
12,807
6,892
13,236

14,683
13,466
6,377
14,357
7,505
14,296

16,267
14,872
7,106
16,048
8,246
15,695

18,236
16,837
7,888
17,978
8,926
17,639

18,615
17,952

19,802
19,253
9,673
20,739
10,579
21,372

35
36
37
38
39
40
41
42
43

3,337
48,616
21,940
10,973
5,879
9,824
19,526
5,359
7,893

3,748
55,670
25,650
12,800
6,552
10,668
21,152
5,930
8,989

4,415
62,256
28,503
14,380
7,458
11,915
23,385
6,246
10,113

4,983
72,336
31,329
16,509
8,393
16,105
25,152

5,707
84,788
37,104
19,470

Shoes and other footwear (n.d.)
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, storage, and repair of clothing and shoes (s.)
Jewelry
and watches (d.)
.,
,
Other 3 (s.)..,..
,.
Personal care

,

,
,..,..,.........,

.,

Toilet articles and preparations (n.d.)....
Barbershops, beauty parlors, baths, and health clubs (s.)
Housing

,

,

,

,

,

Household operation

,

.,

,

Furniture, including mattresses and bedsprings (d.)
,
Kitchen and other household appliances 7 (d.)
,.
China, glassware, tableware, and 8utensils (d.)
,
Other durable house furnishings9 (d.)
,
Semidurable house furnishings (n.d.)
,
,
Cleaning and polishing preparations, and miscellaneous household supplies and paper
products (n.d.).
Stationery and writing supplies (n.d.)
,
,.
,
Household utilities
,
,.
,
, ,
Electricity (s.)
Gas(s.)
•
•
»
•
•
Water and other sanitary services (s.)
Fuel oil and coal (n.d.)
Telephone and telegraph (s.)
Domestic service (s.).....
,
,
,
Other 10(s.)
,.
,

81
4,720
7,763

94
5,634
9,537

125
6,125

8,671
19,048
9,553
19,428

111
6,382
12,915

2,561

11,478

18,998
26,985
6,585
12,362

6,368
96,525
45,232
21,538
10,007
19,748
31,149
7,037
13,955

6,461

9,216

44

98,418

112,868

126,412

144,193

165,239

194,580

45
46
, 47
48
49
50
51
52
53
54

11,929
3,195
25,279
8,940
2,937
40,383
5,755
2,357
2,193
1,205

12,942
3,438
29,492
10,026

15,754
36,580
12,891
4,778
60,095
9,784
4,498
2,347

1,551

14,186
3,840
30,923
12,128
4,091
52,387
8,857
3,288
3,409
2,160

17,082
4,629
42,653
14,461
5,538
69,902
10,974
4,577
3,000
3,397

18,647
4,999
50,404
17,077
6,369
84,084
13,000
5,906
3,500
3,594

55

55,560

60,740

72,602

83,720

93,677

99,797

Brokerage charges and investment counseling (s.)
56
Bank service charges, trust services, and safe deposit box rental (s.)
,
57
Services furnished without payment by financial intermediaries except life insurance 58
carriers (s.).
Expense of handling life insurance " (s.)......;.........
,.
59
Legal services (s.)
60
Funeral and burial expenses (s.)
61
Other 18(s.)
62

3,870
3,156
21,971

3,779

4,624
3,955
30,965

5,344
4,680
36,197

7,011
5,590
38,091

6,703
6,826

19,089
13,070
4,365

Medical care

,.

,

Drug preparations and sundries u(n,d.)
Opthalmic products and orthopedic appliances (d.)
Physicians (s.)
Dentists (s.)
Other professional services 12 (s.)
Privately controlled hospitals and sanitariums 13 (s.)
Health insurance
Medical care15and hospitalization 14(s.)......
Income loss (s.)
Workmen's compensation 16(s.)...

,

,

,
„
,

Personal business

3,510
46,251
7,209

3,251
2,407

3,517
24,717

4,311

11,444
8,084
3,100

12,048
3,309
4,360

13,894
10,553
3,630
4,981

15,821
12,166
3,794

9,010

21,766
15,655
4,689

5,718

6,461

7,165

,

,..., 63

155,189

179,328

198,108

219,446

239,543

260,773

User-operated transportation
,
Newautos(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 loqal transportation.....
Transit systems (s.)
,
Taxicab (s.)
Railway (commutation) (s.)
,
Purchased intercity transportation
Railway (excluding commutation) (s.)...
Bus(s.)
Airline (s.)...
Other 19(s.)

64
65
66
67
68
69
70
71
72
73
74
• 75
76
77
78
79
80
81

144,103
38,076
11,898
10,853
11,745
21,266
43,973
861
5,431
4,375
2,074
2,077
224
6,711
342
681
5,271
417

167,013
44,274
13,186
13,901
13,451
25,054
48,126

184,586
48,244
14,871
17,896
14,699
28,057
51,242
917
8,660
4,991
2,325
2,426
240
8,531
337
739
6,901
554

203,984
49,107
15,702
14,877
16,866
31,194
66,576

221,197
45,684
14,944
10,060
19,027
33,919
86,953

240,480
49,244
17,965
10,349
21,003
35,127
96,783

891
8,771

865
9,745

888
9,121
6,813
3,199

Transportation




,

,.

-

901
8,120
4,660
2,208
2,222

230
7,655

350
716
6,101
488

5,429
2,494
2,670

6,021

265

297

350

10,033

12,325

13,480

407
875

464
1,052

520
1,138

8,067

10,003

10,885

684

806

937

2,629
3,095

3,264

July

41

SURVEY OF CURRENT BUSINESS
Table 2.4.—Personal Consumption Expenditures by Type of Expenditure—Continued
[Millions of dollars]
Line

Recreation,

82

Books and maps (d.).,.,
,.,.,„.. 83
Magazines, newspapers, and sheet music (n.d.)
„..„.,..,..,„.„.
84
Nondurable toys and sport supplies (n.d.)
,
„.....„
85
Wheel goods, durable toys, sports equipment, boats, and pleasure aircraft (d.)....,
,
86
Radio and television receivers, records, and musical instruments (d.)
87
Radio and television repair (s.)
,...„.,
,
88
Flowers, seeds, and potted plants (n.d.)
,
.,
,
89
Admissions to specified spectator amusements............
90
Motion picture theaters (s.).,.....,....,. ,.,
..,
.,...,
„,..„.,.,
91
Legitimate theaters and opera, and entertainments of nonprofit institutions (except 92
athletic) (s.). 20
Spectator sports (s.)
,
93
Clubs and fraternal organisations except insurance 2l (s.)
94
Commercial participant amusements 22(s.)
,
95
Parimutuel net receipts (s.)
,. 96
Other 23(s.)
97
Private education and research........

,

Higher education 24 (s.)
Elementary
and secondary schools 24 (a.)
Other 25(s.)
,

...,
,

Religious and welfare activities 26 (s.)..
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 (n.d.)
1

,

1977

1976
72,499

1978

1980

1979

106,947

117,223

2,975
4,452
6,284
2,946
1,223

8,562
14,062
15,503
22,047
3,343
4,689
6,644
2,899
1,431

7,630
9,364
15,678
17,074
23,906
3,676
4,999
6,862
2,751
1,658

1,927
1,921
5,079
1,722
11,973

2,115
2,072
5,384
1,762
13,172

2,314
2,283
5,969
1,850
15,146

2,453
2,480
6,431
1,920
17,203

79,370
4,504
6,456
10,037
11,969
16,846
2,626
3,522
4,986
2,376

5,435
7,213
11,299
13,570

6,107
7,882
12,765
15,135

2,823
4,128
5,802
2,811
1,064

1,557
1,746
4,027
1,669
9,462

1,742
1,813
4,412
1,712
10,487

6,054
9,342
10,769
15,631
2,415
3,442
4,076
1,742
777

1981

98

17,162

18,208

20,460

23,315

26,178

29,290

99
100
101

7,103
5,792
4,267

7,730
5,947
4,531

8,532
6,828

5,100

9,560
7,639
6,116

10,572
8,669
6,937

11,888
9,470
7,932

102

15,414

16,712

19,092

20,783

23,432

25,398

103

4,020

4,633

4,675

4,582

4,771

4,937

104
105
106
107

9,401
1,396
6,508
269

10,314
1,552
6,982
251

11,379
1,676
8,095
285

12,607
1,676
9,412

14,279
1,894
11,088
364

16,389
2,281
13,354
379

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, furniture, 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 other group housing,
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 furnishing 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 physicians, 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, hospitalization, and accidental death and dismemberment insurance provided by commercial insurance carriers; and (2)
administrative expenses (including capital consumption allowances with capital consumption adjustment) of Blue Cross and Blue Shield plans and of other independent prepaid and self—insured
health plans.
15
Consists of premiums, less benefits and dividends, for income loss insurance.
16
Consists of premiums, less benefits and dividends, for privately administered workmen's compensation.
17
Consists of operating expenses of life insurance carriers and non~ insured pension plans, and premiums less benefits and dividends of fraternal benefit societies. Excludes expenses allocated
by commercial carriers 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, travel agents' fees, and airport bus fares.
20
Consists
of admissions to professional and amateur athletic events, and to racetracks including horse, dog, and auto.
81
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; private flying
operations; and other commercial participant amusements.
23
Consists of net receipts of lotteries and expenditures for purchases of pets and pet care services, cable TV, film processing, photographic studios, sporting and recreation camps, and
recreational sevices, 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 research 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 research organizations and 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,).




42

SURVEY OF CURRENT BUSINESS

July

Table 2.5.—Personal Consumption Expenditures by Type of Product in Constant Dollars
[Billions of 1972 dollars]
Line

1976

1977

1980

1979

1978

1981

1

823.1

903.2

927.6

930.5

947.6

2

126.6

138.0

146.8

147.2

137.1

140.0

3
4
5
6
7

57.3
31.1
7.5
8.9

63.5
34.4
7.7
10.8
10.6

66.9
34.8
8.0
12.9
11.1

62.6
32.9
8.1
10.0
11.6

53.8
28.3
7.5
6.2
11.7

54.2
28.8
7.2
6.0
12.2

Furniture and household equipment
,
Furniture, including mattresses and bedsprings (29)
Kitchen and other household appliances (30)
China, glassware, tableware, and utensils (31)
Radio and television receivers, records, and musical instruments (87)
Other durable house furnishings (32)

8
9
10
11
12
13

48.9
10.2
9.7
3.9
14.6
10.4

52.9
11.3
10.5
4.1
15.8
11.3

56.5
11.9
11.1
4.3
17.1
12.1

60.4
12.5
11.9
4.5
18.8
12.8

60.1
11.7
12.1
4.4
19.5
12.4

61.6
11.7
12.2
4.5
20.7
12.4

Other
Ophthalmic products and orthopedic appliances (46)
Wheel goods, durable toys, sports equipment, boats, and pleasure aircraft (86)
Jewelry and watches (18)
Books and maps (83)

14
15
16
17
18

20.4
2.5
8.7
6.1
3.1

21.5
2.6
9.3
6.3
3.4

23.4
2.7
10.2
6.8
3.7

24.2
2.9
10.8
6.7

23.2
2.8
10.1
6.4
3.9

24.3
2.9
10.5
7.0
3.9

19

321.9

333.4

344.4

353.1

20
21
22
23

164.1
118.4
42.4
3.3

170.6
123.1
44.5
3.0

171.8
122.8
45.9
3.0

176.1
126.0
47.0
3.1

180.2
130.5
46.6
3.1

181.4
131.5
46.8
3.1

24
25
26

139.7
15.8
8.6

145.2
16.4
9.0

146.1
16.5
9.2

149.3
17.3
9.5

152.6
17.8

154.2
17.4
9.8

27
28
29
30

63.8
9.7
35.8
18.3

67.5
10.4
37.8
19.2

73.6
11.2
41.6
20.8

76.7
11.5
43.5
21.7

78.0
11.4
44.8
21.8

82.7
11.9
48.5
22.3

Gasoline and oil (70)

31

26.8

27.7

28.3

27.4

25.7

25.7

Fuel oil and coal (40)

32

4.6

4.4

4.7

4.7

4.0

3.5

Other
33
Tobacco products (7)
34
Toilet articles and preparations (21)
35
Semidurable house furnishings (33)
36
Cleaning and polishing preparations, and miscellaneous household supplies and 37
paper products (34).
Drug preparations and sundries (45)...
38
Nondurable toys and sports supplies (85)
39
Stationery and writing supplies (35)
40
Net foreign remittances (105 less 107)
41
Other (84+89)
42

62.5
13.7
7.5
5.3
8.0

63.1
13.1
7.8
5.5
8.0

66.0
13.5
8.1
5.7
8.3

68.2
13.7
8.4
5.7
8.6

68.0
13.6
8.4
5.6
8.5

69.1
14.1
8.3
5.8
8.5

10.0
7.9
2.3
0.6
7.2

10.2
8.3
2.4
0.7
7.1

10.4
9.0
2.8
0.7
7.6

10.8
9.7
3.0
0.6
7.7

10.7
10,0
3.2
0.6
7.4

10.6
10.6
3.3
0.7
7.3

Personal consumption expenditures

,

Durable goods
Motor vehicles and parts
Newautos(65)
Net purchases of used autos (66)
Other motor vehicles (67)
Tires, tubes, accessories, and other parts (68)

,

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 purchased for off-prem ise consumption (9)
Other alcoholic beverages (10)
Clothing and shoes
Shoes and other footwear (12)
Women's and children's clothing and accessories (14)
Men's and boys' clothing and accessories (15+16)

,

Services

362.4

43

374.7

393.0

412.0

427.3

437.6

445.2

Housing
Owner-occupied nonfarm dwellings —space rent (24)
Tenant-occupied nonfarm dwellings—rent (25)
Rental value of farm dwellings (26)
Other (27)

44
45
46
47
48

134.9
91.4
35.7
3.1
4.7

141.3
96.8
36.8
3.0
4.8

148.5
102.5
38.2
2.8
5.0

154.8
108.2
38.8
2.6
5.2

159.6
112.8
39.4
2.4
5.0

162.6
115.4
40.1
2.1
5.0

Household operation
Electricity (37)
Gas (38)
Water and other sanitary services (39)
Telephone and telegraph (41)
Domestic service (42)
Other (43)

49
50
51
52
53
54
55

52.0
14.6
6.7
4.3
17.1
3.7
5.6

55.1
16.0
6.5
4.4
18.3
3.8
6.1

57.8
16.5
6.7
4.5
20.0
3.8
6.4

60.1
16.9
6.6
4.8
21.6
3.6
6.7

61.5
17.2
6.5
4.9
22.7
3.4
6.7

63.5
18.3
6.4
4.8
23.9
3.3
6.8

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)

56
57
58
59
60
61
62
63
64
65

30.8
22.2
3.6
1.8
1.8
5.0
0.3
0.5
4.0
0.3

32.7
23.7
3.6
1.8
1.8
5.4
0.2
0.4
4.3
0.3

34.0
24.6
3.7
1.9
1.8
5.7
0.2
0.4
4.7
0.4

35.0
25.0
3.8
2.0
1.8
6.2
0.2
0.5
5.1
0.4

34.1
24.8
3.6
1.8
1.8
5.7 I
0.2
0.5
4.6
0.4

32.4
23.9
3.5
1.7
1.7
5.0
0.2
0.5
3.9
0.4

Other
66
Personal care
67
Cleaning, storage, and repair of clothing and shoes (17)
68
Barbershops, beauty parlors, baths, and health clubs (22)
69
Other (19)
70
Medical care
71
Physicians (47)
72
Dentists (48)
73
Other professional services (49)
74
Privately controlled hospitals and sanitariums (50)
75
Health insurance (51)
76
Personal business
,
77
Brokerage charges and investment counselling (56)
78
Bank service charges, trust services, and safe deposit box rental (57)
79
Services furnished without payment by financial intermediaries except life insur- 80
ance carriers (58).
Other (59+60+61+ 62)
81
Recreation
82
Admissions to specified spectator amusements (90)
83
Other (88+94+95+96+97)....
84
Private education and research
85
Higher education (99)
86
Elementary and secondary schools (100)
87
Other (101)
,
88
Religious and welfare activities (102)
89

157.1
8.1
3.3
3.7
1.1
62.9
18.0
6.9
2.1
28.9
7.0
41.9
2.7
2.7
16.7

163.9
8.3
3.3
3.8
1.2
66.6
19.2
7.2
2.3
30.7
7.3
43.3
2.3
2.8
18.0

171.7
8.4
3.3
3.9
1.2
68.6
18.6
8.1
2.5
31.9
7.6
46.3
2.7
3.0
19.1

177.3
8.3
3.2
3.9
1.3
71.7
20.1
7.9
2.7
33.1
7.8
48.5
2.8
3.3
20.0

182.4
8.2
3.0
3.9
1.3
74.4
21.2
8.0
2.8
34.3
8.1
50.2
3.4
3.4
20.4

186.8
7.8
2.8
3.7
1.3
78.6
22.6
8.6
3.0
36.5
8.0
49.9
2.9
3.6
19.6

20.0
19.1
3.3
15.8
12.2
5.4
3.9
3.0
10.8

20.2
20.4
3.9
16.5
12.2
5.5
3.7
3.0
11.1

21.5
21.8
4.2
17.6
12.7
5.7
3.9
3.1
11.8

22.4
22.2
4.3
17.9
13.1
5.8
3.9
3.4
11.8

23.0
23.1
4.3
18.8
13.2
5.9
4.0
3.4
11.7

23.8
23.8
4.2
19.6
13.5
6.0
4.0
3.5
11.7

1.9

2.0

2.0

1.8

1.6

1.5

Net foreign travel (104 less 106)

:.

90

NOTE,—The figures in parentheses are the line numbers of the corresponding items in table 2.4.




SURVEY OF CURRENT BUSINESS

July

43

Table 2.6.—Personal Income by Type of Income
[Billions of dollars]
Wage and salary disbursements

Personal
income

Year and month

1976
1977..
1978
1979
1980
1981

Commodityproducing
All
industries

Total

Manufacturing

Distributive

Service

Government
and
government
enterprises

Other
labor
income

Proprietors' income
with inventory
valuation and
capital
consumption
adjustments
Farm

Nonfarm

Rental
income
of
persons Personal
with
dividend
capital
consump- income
tion
adjustment

Personal Transfer
interest
payincome
ments

Less:
Personal
contributions
for
social
insurance

Addendum:
Total
nonfarm1
income

307,254
343,628
389,448
438,400
468,008
510,821

237.4
266.0
299.2
333.9
354,4
386.4

216.6
239.5
270.7
303.4
330.5
361.4

177.4
197.7
226.6
259.7
297.4
338.6

188.7
202.4
219.5
236.2
260.2
283.1

75.9
89.4
102.5
114.9
127.2
140.4

19.1
19.1
26.3
31.9
19.4
24.0

75.0
84.8
92.2
100.2
96.9
100.7

23.5
24.8
26.6
27.9
32.9
33.9

36.5
39.6
45.3
50.8
55.9
62.5

132.5
152,8
179.4
218.7
263.4
329.0

194.3
207.9
223.8
250.3
297.2
336.3

55.5
61.1
69.8
81.1
88.7
104.9

1,359.3
1,506.5
1,689.7
1,899.3
2,117.3
2,364.1

320,345
326,067
331,011
335,755
340,276
345,217
347,486
349,051
353,469
356,595
359,106
359,158

248.7
252.8
255.9
259.1
263.2
266.8
268.7
270.5
273.0
275.4
277.1
280.3

225.5
229.3
231.1
233.7
236.9
238.7
241.3
241.8
244.7
247.9
250.0
252.6

188.4
189.0
190.1
191.5
193.8
195.3
198.0
200.2
202.7
206.1
207.5
209.9

195.7
196.5
197.4
198.4
199.5
200.5
202.0
203.5
204.8
208.5
210.3
211.3

83.0
84.3
85.5
86.5
87.5
88.8
90.1
91.3
92.4
93.5
94.6
95.7

18.3
19.6
20.3
17.7
15.8
15.8
16.8
18.0
18.0
20.2
21.9
26.2

80.2
81.4
82.8
83.3
84.0
84.3
85.9
86.1
86.8
87.2
87.5
88.1

25.0
24.9
24.7
23.2
24.5
25.6
25.1
25.6
25.7
24.7
24.2
24.7

38.9
39.1
39.2
39.1
38.7
39.2
39.6
39.7
39.8
40.1
40.4
41.0

142,6
143.9
146.2
147.8
150.3
152.5
154.0
155.5
157,5
158.9
160.9
163.5

201.4
202.4
204.4
205.8
203.4
202.0
209.4
210.6
211.4
212.5
215.4
216.0

58.8
59.3
59.7
60.1
60.6
60.9
61.5
61.7
62.1
62.7
62.9
63.1

1,428.1
1,443.4
1,458.5
1,470.4
1,483.6
1,496.3
1,516.5
1,526.7
1,542.0
1,557.9
1,571.6
1,583.3

1,040.4
1,049.6
1,063.7
1,081.2
1,089.3
1,102.6
1,113.3
1,121.6
1,133.3
1,148.9
1,159.5
1,171.7

359,785
363,944
371,186
380,962
383,954
389,009
393,603
396,536
401,311
405,707
411,439
415,947

281.0
284.6
289.0
291.8
293.9
296.8
300.6
302.8
306.8
310.1
314.7
318.8

255.1
257.7
261.1
264.3
266.6
270.0
271.7
274.2
276.6
281.2
282.8
287.1

212.7
214.1
216.8
220.3
221.8
225.2
228.5
230.2
233.6
236.8
238.7
240.8

212.9
213.9
214.5
215.8
217.0
218.3
219.5
220.6
221.7
225.3
226.7
227.9

96.7
98.0
99.1
100.2
101.3
102.3
103.3
104.1
104.9
105.8
106.8
107.7

22.9
22.7
23.0
24.3
25.9
27.2
27.5
26.4
25.7
27.1
28.6
34.2

86.4
88.2
89.9
91.9
92.1
92.8
93.1
94.0
93.8
94.5
95.1
94.9

25.0
25.2
25.3
25.5
24.9
24.7
27.5
27.9
28.0
28.7
28.5
28.1

42.1
42.5
43.0
43.5
44.1
44.7
45.3
46.4
47.1
47.7
48.2
49.0

164.6
166.1
168.5
171.0
173.1
175.7
179.7
183.6
187.8
190.9
194.0
197.4

216.9
217.6
218.5
218.0
219.1
219.6
226.5
228.1
228.3
229.4
231.1
232.9

66.6
67.0
67.7
68.7
69.0
69.6
70,2
70.6
71.1
71.8
72.3
72.8

1,590.1
1,604.6
1,624.6
1,646.6
1,658.7
1,676.4
1,701.7
1,718.3
1,735.0
1,756.6
1,773.1
1,791.0

1,853.4
1,870.2
1,891.8
1,902.2
1,915.8
1,931.9
1,965.3
1,983.1
1,997.4
2,016.8
2,034.2
2,052.2

1,183.0
1,192.0
1,204.7
1,209.0
1,216.5
1,229.1
1,243.3
1,253.2
1,267.0
1,273.9
1,284.8
1,295.0

420,236
423,878
429,462
430,073
433,274
436,607
441,971
443,019
448,115
449,110
450,425
454,636

322.7
325.3
328.3
328.4
330.0
332.3
336.8
336.6
340.5
341.0
341.0
343.6

289.8
292.4
295.7
293.9
297.3
302.0
304.6
308.0
311.2
311.9
316.1
317.1

243.9
246.7
249.1
251.5
252.7
256.1
261.0
264.8
269.4
270.2
273.5
277.3

229.0
229.1
230.3
233.4
233.1
234.4
235.7
237,4
238.3
242.7
244.7
246.0

108.9
110.2
111.4
112.2
113.3
114.3
115.5
116.5
117.5
118.7
119.7
120.8

30.9
32.3
34.3
34.9
35.2
35,2
33.6
30.8
27.5
29.3
30.3
28.8

95.4
96.2
97.6
97.4
99.1
100.4
101.8
103.3
102.7
103.1
102.2
102.8

28.1
28.3
28.3
26.7
27.3
26.9
27.2
28.0
26.5
29.1
29.2
29.3

49.7
50.1
50.1
50.2
50.7
50.7
50.5
50.6
50.8
51.3
51.8
52.7

201.1
204.2
207.2
209.5
211.8
214.3
219.1
223.8
228.1
231.8
235.0
239.0

234.8
235.9
237.9
241.6
242.2
242.0
255.6
258.7
259.7
262.3
264.6
267.8

78.5
78.9
79.6
79.3
80.2
80.8
81.5
81.8
82.5
82.8
83.4
84.0

1,804.0
1,819.0
1,838.1
1,847.8
1,860.9
1,876.9
1,911.6
1,932.1
1,949.3
1,966.7
1,982.9
2,002.2

August
September
October
November
December

2,076.6
2,084.5
2,099.2
2,098.0
2,107.7
2,123.0
2,162.5
2,183.3
2,210.0
2,236.8
2,260.2
2,283.0

1,309.7
1,319.3
1,330.1
1,326.6
1,331.7
1,338.1
1,345.3
1,361.5
1,374.6
1,397.2
1,414.4
1,425.1

459,908
463,812
464,451
460,191
457,907
457,780
457,635
466,536
472,641
478,581
485,868
490,785

347.5
350.9
352.5
348.9
346.3
345.6
346.8
353.6
358.0
362.7
368.6
371.8

321.4
322.2
325.9
323.9
325.3
325.7
329.6
331.7
334.5
339.5
342.3
343.8

279.6
282.8
287.7
288.5
291.4
296.0
297.8
301.5
304.8
308.6
314.0
316.7

248.8
250.4
252.1
254.0
257.1
258.6
260.3
261.8
262.6
270.5
272.3
273.8

121.9
123.1
124.5
125.1
125.9
126.7
127.5
128.4
129.3
130.4
131.5
132.7

25.5
21.7
19.1
16.6
15.2
16.0
18.6
20.8
21.5
19.4
18.5
19.8

103.1
100.3
98.2
94.9
92.1
92.0
94.0
94.2
97.2
98.0
98.8
99.7

30.4
30.4
31.7
32.3
32.7
33.0
33.3
33.8
34.4
34.3
34.2
34.0

53.4
54.0
54.8
55.3
55.6
56.2
56.2
56.6
56.7
56.9
57.3
58.0

245.1
249.6
252.6
254.2
257.6
262.1
263.8
265.9
269.5
273.7
279.9
287.0

274.2
273.2
275.2
279.5
283.7
286.3
312.0
311.3
316.8
318.0
317.6
319.1

86.8
87.1
86,9
86.4
86.8
87.4
88.1
89.3
89.9
91.1
91.9
92.4

2,029,2
2,040.3
2,057.0
2,058.2
2,069.2
2,083.6
2,120.1
2,138.3
2,164.2
2,192.8
2,217.0
2,238.2

1981
January
February
March
April
May
June .
July
August ,
September
October
November
December

2,308.1
2,330.1
2,351.7
2,364.5
2,379.1
2,398.4
2,436.3
2,459.6
2,478.6
2,487.2
2,499.0
2,497.6

1,444.2
1,453.0
1,461.1
1,468.8
1,479.8
1,489.6
1,501.3
1,513.6
1,522.1
1,528.9
1,534.2
1,530.5

498,533
497,939
501,022
502,630
506,791
512,072
517,339
520,180
520,236
520,418
518,650
514,040

375.7
376.4
378.8
383.1
387.8
389.7
391.9
393.7
393.1
392.1
389.4
384.7

349.3
352.7
354.3
356.5
358.9
360.6
363.3
366.7
369.6
367.7
369.3
367.8

321.5
326.1
328.2
331.0
334.3
335.9
338.6
343.9
345.8
349.7
353.8
355.0

274.9
276.3
277.6
278.7
279.9
281.0
282.1
282.8
286.5
291.1
292.5
293.6

134.0
135.3
136.5
137.7
138.2
139.4
140.9
142.2
143.5
144.7
145.8
146.9

20.7
22.0
22.0
22.3
22.1
23.2
26.1
28.2
27.2
26.3
24.7
22.8

101.3
101.4
102.7
101.8
101.4
100.5
100.5
100.4
100.3
99.0
100.1
99.5

33.7
34.3
35.1
34.3
34.1
33.6
33.4
33.4
33.9
33.6
33.6
33.6

58.7
59.4
59,5
60.6
61.5
62.4
63.6
64.2
64.7
65.0
65.2
65.4

296.1
305,1
313.0
316.4
320.2
325.2
332.1
340.0
346.9
349.7
351.1
352.1

321,4
322.1
324.8
326.0
325.8
329.2
344.1
343.9
346.5
347.1
351.5
353.6

102,1
102.5
103.0
103.5
104.1
104.6
105.6
106.2
106.3
107.0
107.2
106.8

2,261.9
2,282.3
2,303.4
2,315.4
2,329.8
2,347.6
2,382.2
2,403.0
2,422.7
2,431.8
2,444.6
2,444.6

2,499.1
2,513.8
2,518.6
2,534.3
2,552.7
2,561.4

1,535.7
1,546.6
1,542.6
1,546.6
1,559.5
1,561.6

513,514
517,147
512,220
511,591
514,652
513,458

383.7
387.6
384.1
383,9
386.0
386.5

369.7
373,0
371.4
372.5
376.9
377.6

357.0
360.1
361.4
363.7
367.9
369.1

295.4
296.4
297.6
298.8
300.1
301.4

148.0
149,1
150.2
151.3
152.5
153.6

19,9
17.3
16.3
15.7
15.2
15.0

98.6
98.4
98.8
99.3
99.9
100,8

33.7
33.9
34.0
34.1
34.2
34.3

65.6
65.9
65.9
66.1
66.2
66.1

355.5
359.8
363.8
368.0
371.8
375.6

352.4
353.8
357,5
363.9
365.1
365.9

110.3
110.9
110.6
110.8
111.7
111.5

2,448.6
2,465.5
2,470.8
2,486.6
2,505.1
2,513.4

. ,

1,391.2
1,540.4
1,732.7
1,951.2
2,160.4
2,415.8

889.9
983.2
1,106.3
1,237.6
1,356.1
1,493.9

.

1,460.4
1,477.1
1,493.1
1,502.6
1,514.1
1,526.9
1,548.2
1,559.7
1,575.3
1,593.5
1,608.9
1,625.0

929.9
940.9
949.7
959.3
970.5
979.7
988.7
994.5
1,005.7
1,019.1
1,027.0
1,033.0

1978
January
February
March .
April
May
June
July
August
September
October.
November
December

1,628.5
1,642.9
1,663.4
1,686.9
1,700.9
1,720.1
1,745.9
1,761.6
1,777.8
1,801.2
1,819.5
1,843.3

1979
January
February
March
April
May
June
July
August
September
October
November
December

1977
January
February
March ,
April
May
June
July .. .
August
September
October
November
December

.....

1980
January
February .. ..
March
April
May
June .
July

1982
January
February
March
April
May
June

,

1

s

1
Equals personal income less the following farm components: wages and salaries, other labor income, proprietors' income with inventory valuation and capital consumption adjustments, 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.




44

SURVEY OF CURRENT BUSINESS

July

Table 2.7.—Personal Income and Its Disposition
Billions of dollars

Disposable personal income

Less: Personal outlays
Year and month

Personal
income

Equals:
Disposable
personal
income

Total

Personal
consumption
expenditures

Interest
paid by
consumers
to business

Personal
transfer
payments
to
foreigners
(net)

Equals:
Personal
saving

Total,
billions of
1972
dollars

/Current
/ dollars

1972
dollars

Population
(mid— period,
thousands)

Personal
saving as
a percent
of
disposable
personal1
income
(percent)

1,391.2
1,540.4
1,732.7
1,951.2
2,160.4
2,415.8

196.8
226.4
258.7
301.0
336.3
386.7

1,194.4
1,314.0
1,474.0
1,650.2
1,824.1
2,029.1

1,111.9
1,236.0
1,384.6
1,553.5
1,717.9
1,898.9

1,084.3
1,204.4
1,346.5
1,507.2
1,667.2
1,843.2

26.7
30.7
37.4
45.5
49.9
55.1

0.9
0.9
0.8
0.8
0.8
0.6

82.5
78.0
89.4
96.7
106.2
130.2

906.8
942.9
988.8
1,015.7
1,018.0
1,043.1

5,477
5,965
6,621
7,331
8,012
8,827

4,158
4,280
4,441
4,512
4,472
4,538

218,086
220,289
222,629
225,106
227,654
229,872

6.9
5.9
6.1
5.9
5.8
6.4

1,460.4
1,477.1
1,493.1
1,502.6
1,514.1
1,526.9
1,548.2
1,559.7
1,575.3
1,593.5
1,608.9
1,625.0

212.5
232.4
219.9
221.4
224.8
221.7
223.3
225.1
228.4
233.1
235.8
238.2

1,247.9
1,244.7
1,273.1
1,281.2
1,289.3
1,305.2
1,324.9
1,334.7
1,346.8
1,360.4
1,373.1
1,386.8

1,179.9
1,195.7
1,201.6
1,208.9
1,218.2
1,226.0
1,240.5
1,247.9
1,257.3
1,271.2
1,287.8
1,297.3

1,150.5
1,166.0
1,171.5
1,178.4
1,187.4
1,194.7
1,208.9
1,215.8
1,224.7
1,238.1
1,254.2
1,263.2

28.5
28.7
29.2
29.6
30.0
30.4
30.8
31.3
31.7
32.3
32.8
33.4

0.9
0.9
0.9
0.9
0.9
0.9
0.9
0.8
0.8
0.8
0.8
0.8

68.0
49.0
71.5
72.3
71.1
79.2
84.4
86.8
89.6
89.3
85.3
89.5

919.2
910.8
928.5
930.7
932.6
938.4
949.2
950.9
956.4
962.3
965.2
970.3

5,691
5,673
5,798
5,829
5,862
5,929
6,013
6,051
6,100
6,156
6,207
6,264

4,192
4,151
4,228
4,235
4,240
4,263
4,308
4,311
4,332
4,354
4,364
4,383

219,262
219,424
219,594
219,772
219,953
220,143
220,349
220,573
220,796
221,007
221,206
221,390

4.9
5.0
5.1
5.6
5.7
6.0
6.3
6.5
6.6
6.5
6.4
6.7

1,628.5
1,642.9
1,663.4
1,686.9
1,700.9
1,720.1
1,745.9
1,761.6
1,777.8
1,801.2
1,819.5
1,843.3

239.7
239.7
238.3
245.1
250.2
258.6
262.1
265.3
269.3
274.5
278.5
282.8

1,388.8
1,403.2
1,425.1
1,441.8
1,450.7
1,461.6
1,483.8
1,496.2
1,508.5
1,526.7
1,541.1
1,560.5

1,287.6
1,312.3
1,334.2
1,352.0
1,368.0
1,383.0
1,388.6
1,411.5
1,419.9
1,436.5
1,452.4
1,469.3

1,253.1
1,277.4
1,298.6
1,315.8
1,331.0
1,345.1
1,350.1
1,372.3
1,380.0
1,395.8
1,411.1
1,427.2

33.8
34.2
34.9
35.5
36.3
37.1
37.8
38.5
39.1
39.8
40.5
41.2

0.7
0.7
0.7
0.8
0.8
0.8
0.7
0.7
0.8
0.9
0.9
0.9

101.2
90.9
90.9
89.8
82.6
78.5
95.2
84.8
88.6
90.2
88.6
91.2

966.5
971.9
981.7
986.0
981.2
981.3
992.3
994.9
995.4
999.7
1,002.8
1,011.7

6,269
6,329
6,422
6,492
6,526
6,569
6,663
6,712
6,759
6,834
6,893
6,973

4,362
4,384
4,424
4,440
4,414
4,411
4,456
4,463
4,460
4,475
4,485
4,521

221,553
221,711
221,892
222,084
222,278
222,482
222,697
222,933
223,168
223,383
223,585
223,781

6.7
6.7
6.4
6.1
5.8
5.8
5.8
6.0
5.8
5.8
5.8
6.0

June....... ...
July
August,.
September,....,...
October
November.,....,,..
December,,

1,853.4
1,870.2
1,891.8
1,902.2
1,915.8
1,931.9
1,965.3
1,983.1
1,997.4
2,016.8
2,034.2
2,052.2

281.6
284.4
286.9
287.5
292.3
298.0
303.9
307.1
311.9
315.3
319.3
323.9

1,571.8
1,585.7
1,604.9
1,614.6
1,623.5
1,633.9
1,661.3
1,676.0
1,685.5
1,701.4
1,714.8
1,728.3

1,472.1
1,492.1
1,504.1
1,507.5
1,523.7
1,532.3
1,550.1
1,575.1
1,601.8
1,609.8
1,628.6
1,644.1

1,429.6
1,449.0
1,460.4
1,463.1
1,478.5
1,486.5
1,503.5
1,527.7
1,553.8
1,560.7
1,579.0
1,594.2

41.8
42.4
43.1
43.8
44.5
45.2
45.8
46.5
47.2
47.9
48.5
48.9

0.8
0.7
0.6
0.7
0.7
0.7
0.8
0.8
0.9
1.2
1.1
1.1

99.6
93.6
100.8
107.1
99.8
101.5
111.2
101.0
83.6
91.6
86.2
84.2

1,008.8
1,009.1
1,015.5
1,013.9
1,011.5
1,009.8
1,019.7
1,021.3
1,018.6
1,018.8
1,020.7
1,020.7

7,018
7,074
7,154
7,191
7,224
7,263
7,378
7,435
7,469
7,532
7,584
7,636

4,504
4,502
4,527
4,516
4,501
4,489
4,529
4,531
4,514
4,510
4,514
4,510

223,973
224,150
224,333
224,529
224,734
224,948
225,174
225,419
225,662
225,893
226,120
226,339

6.0
6.2
6.3
6.4
6.3
6.4
6.3
5.9
5.5
5.1
5.1
5.0

1980
January
February
March .
April
May
,
June
Julv
August...
September
October
November...
December

2,076.6
2,084.5
2,099.2
2,098.0
2,107.7
2,123.0
2,162.5
2,183.3
2,210.0
2,236.8
2,260.2
2,283.0

316.9
319.4
323,3
324.8
328.7
332.3
334.5
340.0
344.8
351.7
357.5
362.1

1,759.8
1,765.2
1,775.9
1,773.2
1,779.0
1,790.7
1,828.0
1,843.3
1,865.2
1,885.0
1,902.7
1,920.9

1,667.7
1,664.2
1,675.3
1,666.3
1,663.5
1,687.3
1,715.9
1,736.2
1,745.3
1,776.5
1,799.3
1,816.9

1,617.6
1,613.8
1,624.9
1,616.0
1,613.4
1,637.3
1,665.7
1,685.7
1,694.5
1,725.0
1,747.7
1,764.8

49.3
49.7
49.7
49.6
49.4
49.2
49.4
49.7
50.0
50.4
50.8
51.3

0.8
0.7
0.7
0.7
0.7
0.8
0.8
0.8
0.8
1.1
0.9
0.8

92.1
101.0
100.6
106.9
115.5
103.4
112.1
107.1
120.0
108.6
103.4
104.0

1,030.1
1,021.6
1,016.6
1,008.1
1,004.7
1,003.6
1,018.2
1,016.8
1,019.8
1,023.5
1,025.2
1,028.4

7,768
7,785
7,826
7,808
7,826
7,869
8,026
8,085
8,174
8,253
8,324
8,397

4,547
4,506
4,480
4,439
4,420
4,410
4,470
4,460
4,469
4,481
4,485
4,496

226,540
226,724
226,916
227,108
227,329
227,560
227,761
227,977
228,195
228,401
228,586
228,749

5.3
5.5
5.8
6.1
6.1
6.1
5.9
6.1
6.0
5.9
5.5
5.4

2,308.1
2,330.1
2,351.7
2,364.5
2,379.1
2,398.4
2,436.3
2,459.6
2,478.6
2,487.2
2,499.0
2,497.6

367.2
371.0
375.5
378.2
385.6
388.7
394.3
399.0
401.1
391.2
393.9
394.7

1,940.9
1,959.1
1,976.2
1,986.3
1,993.5
2,009.7
2,042.0
2,060.6
2,077.5
2,096.0
2,105.1
2,103.0

1,839.8
1,851.6
1,867.1
1,867.5
1,870.1
1,885.9
1,905.6
1,932.7
1,938.7
1,930.2
1,943.3
1,954.7

1,787.5
1,798.8
1,813.5
1,813.0
1,815.0
1,830.1
1,849.5
1,875.9
1,881.2
1,872.1
1,885.1
1,896.4

51.8
52.3
53.1
53.8
54.3
54.9
55.5
56.1
56.9
57.4
57.5
57.6

0.5
0.5
0.5
0.7
0.8
0.8
0.7
0.6
0.6
0.6
0.7
0.7

101.1
107.5
109.1
118.8
123.4
123.8
136.4
127.9
138.8
165.8
161.8
148.3

1,031.9
1,035.9
1,037.2
1,037.2
1,034.2
1,038.4
1,046.1
1,050.1
1,050.1
1,054.1
1,053.0
1,048.6

8,479
8,553
8,622
8,660
8,685
8,748
8,881
8,953
9,018
9,090
9,123
9,107

4,508
4,523
4,525
4,522
4,506
4,520
4,550
4,563
4,558
4,572
4,563
4,541

228,905
229,050
229,203
229,366
229,536
229,716
229,920
230,146
280,369
230,574
230,754
230,926

5.4
5.4
5.7
5.9
6.1
6.3
6.3
6.5
6.9
7.4
7.6
7.2

2,499.1
2,513.8
2,518.6
2,534.3
2,552.7
2,561.4

389.9
396.3
394.2
387.7
400.8
404.0

2,109.2
2,117.5
2,124.4
2,146.5
2,151.9
2,157.4

1,965.8
1,986.9
1,981.1
1,994.0
2,023.1
2,012.7

1,907.4
1,928.3
1,922.4
1,935.0
1,963.9
1,953.4

57.7
57.7
57.9
58.2
58.3
58.4

0.8
0.8
0.9
0.9
0.9
0.9

143.4
130.6
143.3
152.5
128.8
144.7

1,042.9
1,047.7
1,050.0
1,057.5
1,055.4

9,127
9,157
9,181
9,270
9,287
9,304

4,513
4,531
4,538
4,567
4,555

231,094
231,246
231,397
231,554
231,713
231,879

6.7
6.6
6.7
6.6
6.6

1976
1977
1978
1979
1980
1981

.,

,.

1977
January
February
March
April
May
June
July
August
September
October
November
December
1978
January
February
March
April

May
June
July.....
August
September
October
November
December

1979
January .
February
March
April

May

1981
January
February
March
April .

May
June
July
August
September
October
. ,.
November
December

1982
January
February
March
April
May...
1

Less:
Personal
tax and
nontax
payments

Per capita

Monthly estimates equal the three-month moving average of personal saving as a percentage of the three-month moving average of disposable personal income.




45

SURVEY OF CURRENT BUSINESS

July

Table 2.8.—Personal Consumption Expenditures by Major Type of Product
[Billions of dollars]
Durable goods
Personal
consumption
expenditures

Year and month

Total

Motor
vehicles
and parts

Furniture and
household
equipment

Services

Nondurable goods

Other

Total

Food

Clothing
and
shoes

Gasoline
and oil

Other

Total

Housing

Household
operation

Transportation

Other

1976
1977
1978..
1979

1,084.3
1,204.4
1,346.5
1,507.2

156.8
178.2
200.2
213.4

72.6
84.8
95.7
96.6

59.1
65.7
72.8
81.8

25.2
27.7
31.7
35.1

441.7
478.8
528.2
600.0

230.6
249.8
275.9
311.6

75.3
82.6
92.4
99.1

44.0
48.1
51.2
66.6

91.9
98.2
108.8
122.8

485.7
547.4
618.0
693.7

166.5
185.9
209.6
236.0

71.6
81.1
90.1
99.3

38.6
46.4
51.2
56.3

209.0
234.1
267.1
302.0

1980
1981

1,667.2
1,843.2

214.3
234.6

89.7
98.6

86.3
93.4

38.3
42.6

670.4
734.5

343.7
375.3

104.7
114.6

87.0
96.8

135.0
147.9

782.5
874.1

266.0
295.3

111.7
128.9

62.9
65.4

341.9
384.4

1977
January...,,
February
March
April
May
June , ,
July
August
September
October
November.. ........
December

1,150.5
1,166.0
1,171.5
1,178.4
1,187.4
1,194.7
1,208.9
1,215.8
1,224.7
1,238.1
1,254.2
1,263.2

165.8
171.1
176.7
174.9
174.7
177.0
177.7
180.2
182.4
182.3
186.4
189.4

81.0
82.9
86.4
83.1
83.1
85.2
83.5
85.0
86.5
84.9
87.0
89.2

60.7
63.1
64.4
65.0
64.5
64.5
66.5
66.3
66.7
67.9
69.0
70.0

24.1
25.1
25.9
26.9
27.1
27.2
27.7
28.9
29.2
29.5
30.4
30.1

462.0
468.6
467.3
472.3
475.7
475.4
480.9
479.7
480.8
488.5
497.9
496.7

242.5
245.1
243.9
245.5
250.6
250.4
251.7
250.0
249,9
253.0
259.6
255.9

77.4
80.2
79.8
80.9
80.5
80.6
83.0
83.0
83.3
86.5
88.1
88.5

47.3
47.0
47.3
49.2
48.4
48.2
48.6
48.3
47.9
47.9
48.6
48,9

94.9
96.4
96.3
96.7
96.2
96.2
97.6
98.4
99.7
101.2
101.6
103.4

522.6
526.3
527.5
531.1
537,0
542.3
550.3
555.9
561.5
567.3
570.0
577.1

177.9
179.4
180.5
181.8
183.0
184.2
186.0
187.7
189.6
191.3
193.5
195.6

79.6
79.4
77.2
77.6
77.1
80.2
81.9
82.8
83.4
85.5
82.9
85.3

42.4
44.0
44.9
45.0
46.2
46.2
46.7
47.9
48.4
48.0
48.4
48.5

222.7
223.6
224.9
226.7
230.6
231.6
235.7
237.6
240.1
242.5
245.2
247.8

1978
January
February
, •
March
April
May .. .. ,. ..
June
July
August
September
October...
November
December

1,253.1
1,277.4
1,298.6
1,315.8
1,331.0
1,345.1
1,350.1
1,372.3
1,380.0
1,395.8
1,411.1
1,427.2

177.1
185.4
192.2
200.5
202.9
204.4
201.7
209.1
200.3
206.7
209.9
212.2

81.8
86.1
91.3
97.3
99.2
100.4
97.3
103.6
93.6
99.3
99.5
99.2

66.6
68.9
69.7
71.9
72.3
72.5
72.5
73.4
74.7
75.2
77.2
79.0

28.7
30.3
31.2
31.4
31.4
31.5
31.9
32.1
32.1
32.1
33.2
34.0

495.3
503.3
509.5
514.4
519.3
523.8
528.7
534.7
541.5
547.2
555.0
566.3

259.4
261.9
264.6
268.0
270.5
272.3
276.7
279.5
282.7
287.4
290.7
296.7

84.9
87.0
89.1
90.8
91.5
93.0
92.9
93.7
95.1
95.0
96.6
98.7

48.7
49.5
49.6
49.7
49.7
50.3
49.5
51.8
53.0
53.3
54.6
55.1

102.3
104.9
106.1
105.9
107.5
108.2
109.5
109.6
110.7
111.4
113.1
115.8

580.8
588.8
597.0
600.9
608.7
616.9
619.8
628.6
638.2
642.0
646.2
648.6

197.5
199.5
201.5
203.8
206.3
208.6
210.4
212.7
215.4
217.6
220.2
222.2

85.7
87.7
89.7
87.6
88.9
89.3
89.9
91.0
92.4
92.8
92.7
93.3

48.5
49.4
50.4
51.0
50.7
51.4
51.4
51.6
52.2
52.8
52.6
51.9

249.0
252.1
255.4
258.4
262.8
267.6
268.0
273.2
278.2
278.8
280.7
281.2

1979
January
February
March
April
May...,.
June
July
August
September
October
November
December

1,429.6
1,449.0
1,460.4
1,463.1
1,478.5
1,486.5
1,503.5
1,527.7
1,553.8
1,560.7
1,579.0
1,594.2

207.6
211.8
214.0
209.3
211.8
205.0
213.6
216.0
222.5
213.7
216.4
219.7

98.2
99.5
100.6
95.3
96.8
88.3
96.9
96.6
101.6
93.2
94.4
97.3

76.9
78.3
79.6
79.5
79.9
81.2
81.9
84.0
84.6
84.6
85.3
85.7

32.4
33.9
33.8
34.6
35.0
35.5
34.8
35.4
36.2
36.0
36.7
36.7

562.6
570.0
575.3
578.4
586.0
593.8
597.2
608.7
622.0
624.8
636.7
644.9

297.9
299.7
302.3
303.5
305.4
310.2
310.6
310.6
318.2
321.1
326.2
333.0

94.7
94.7
97.5
96.3
97.6
97.2
99.2
101.0
102.1
101.6
103.5
104.1

56.0
58.5
58.6
60.2
61.9
64.5
65.1
72.1
74.2
74.9
76.5
76.4

113.9
117.0
116.9
118.3
120.9
121.8
122.3
125.1
127.6
127.2
130.5
131.5

659.5
667.2
671.2
675.4
680.8
687.7
692.8
703.0
709.3
722.2
726.0
729.5

224.0
225.9
227.0
228.7
231.7
233.8
235.8
239.1
242.2
246.3
248.1
250.0

95.5
97.6
97.0
97.8
97.5
98.0
98.0
100.3
100.6
102.4
104,1
103.0

52.2
53.0
54.2
54.9
55.6
56.6
56.8
56.9
58.0
59.3
59.5
59.0

287.8
290.8
293.0
294.0
296.0
299.3
302.2
306.7
308.4
314.3
314.3
317.4

1980
January
,
February
March
April
May
.. .
June
July
,.
August
September
October
November..
December

1,617.6
1,613.8
1,624.9
1,616.0
1,613.4
1,637.3
1,665.7
1,685.7
1,694.5
1,725.0
1,747.7
1,764.8

228.6
220.5
213.4
200.6
195.6
200.8
213.6
213.2
211.3
224.0
225.0
225.2

104.8
97.1
91.7
80.9
75.8
80.8
90.5
88.3
85.5
95.4
93.1
92.7

86.4
85.8
84.5
83.5
83.6
83.0
85.2
86.4
86.5
88.3
91.4
91.4

37.4
37.6
37.3
36.2
36.2
36.9
37.8
38.5
39.3
40.3
40.5
41.0

648.7
648.2
654.9
655.0
652.1
662.8
665.6
677.2
678,1
687.9
703.8
709.7

333.9
331.1
336.7
337.2
333.1
338.9
342.0
347.4
349.8
351.2
359.4
363.3

104.4
102.6
101.9
101.7
102.3
102.6
103.4
106.4
104.6
107.4
110.0
109.4

79.6
82.2
84.1
85.5
85.0
87.8
86.1
87.6
87.2
90.6
93.0
94.7

130.7
132.2
132.2
130.7
131.7
133.6
134.1
135.8
136.5
138.6
141.4
142.4

740.3
745.0
756.6
760.3
765.7
773.7
786.5
795.3
805.0
813.2
818.9
829.8

252.4
255.0
257.1
258.2
261.5
265.1
267.1
269.3
272.3
275.9
277.9
280.4

102.8
103.3
109.3
109.8
. 108.7
108.1
113.2
115.1
115.9
117.0
117.9
119.6

61.3
61.1
61.2
61.7
60.7
62.4
63.4
64.4
64.5
64.8
63.6
65.4

323.8
325.6
329,0
330.6
334.7
338.2
342.8
346.5
352.4
355.5
359.4
364.4

1981
January....,
February
March ....
April
May
,
June
July
August
September
October
November
December

1,787.5
1,798.8
1,813.5
1,813.0
1,815.0
1,830.1
1,849.5
1,875.9
1,881.2
1,872.1
1,885.1
1,896.4

232.3
238.2
240.3
232.7
229.0
229.5
233.9
248.7
241.1
228.1
230.7
230.1

97.9
103.5
104.9
96.0
94.0
92.8
96.9
110.7
104.3
93.2
95.4
93.2

92.8
93.2
93.2
98.8
92.3
93.8
92.9
94.4
94.2
92.9
93.2
93.8

41.5
41.5
42.2
43.0
42.7
42.9
44.1
43.5
42.7
42.0
42.1
43.1

716.0
720.9
725.0
730.1
725.1
733.6
735.6
741.7
746.4
742.7
745.9
751.0

364.8
369.3
372.2
372.5
370.1
373.6
374.8
378.0
381.2
378.7
382.0
386.3

110.7
113.4
112.8
114.4
112.7
114.7
114.8
117.0
115.9
115.7
115.5
116.9

94.8
95.2
95.5
96.3
96.3
97.6
96.9
97.3
98.9
97.6
97.6
97.3

145.7
142.9
144.6
146.8
146.0
147.8
149.2
149.5
150.4
150.8
150.8
150.4

839.2
839.8
848.2
850.1
861.0
867.0
879.9
885.5
893.7
901.3
908,5
915.3

282.6
284.4
286.3
288.7
291.8
293.3
295.1
299.0
301.9
304.8
306.8
309.3

122.3
119.9
119.8
121.1
125.8
128.9
134.0
132.3
132.1
136.6
134.8
139.3

67.0
66.4
65.2
64.8
64.3
63.8
65.4
65.3
65.7
65.7
66.0
65.4

367.3
369.1
376.9
375.5
379.0
381.0
385.3
388.9
393.9
394.1
400.8
401.3

1982
January
February
March
April
May
June .

1,907.4
1,928.3
1,922.4
1,935.0
1,963.9
1,953.4

234.7
240.1
238.8
238.8
251.0
238.0

101.3
104.6
103.7
102.2
112.9
99.8

89.7
91.9
91.5
92.8
94.0
94.0

43.7
43.7
43.6
43.8
44.2
44.2

746.0
755.9
745.4
747.0
760.4
762.2

383.6
391.3
388.9
391.4
397.3
400.4

114.6
120.7
117.1
117.0
121.4
120.1

98.6
95.7
91.6
88.6
91.4
91.4

149.0
148.2
147.8
150.0
150.3
150.4

926.7
932,3
938.2
949.2
952.4
953.2

312.3
314.5
316.7
317.9
320.7
323.0

145.1
140.9
138.2
145.4
143.6
141.3

65.2
66.7
68.7
70.3
71.2
70.1

404.0
410.2
414.6
415.7
416.8
418.8

,..

,.




46

SURVEY OF CURRENT BUSINESS

July

Table 2.9.—Personal Consumption Expenditures by Major Type of Product in Constant Dollars
[Billions of 1972 dollars]
Durable goods
Year and month

1976
1977
1978
1979

Personal
consumption
expenditures

Total

Services

Nondurable goods

Motor
vehicles
and parts

Furniture and
household
equipment

|

Other

Total

Food

Clothing
and
shoes

Gasoline
and oil

Other

Total

Housing

Household
operation

Transportation

Other

823.1
864.3
903.2
927.6

126.6
138.0
146.8
147.2

57.3
63.5
66.9
62.6

48.9
52.9
56.5
60.4

20.4
21.5
23.4
24.2

321.9
333.4
344.4
353.1

164.1
170.6
171.8
176.1

63.8
67.5
73.6
76.7

26.8
27.7
28.3
27.4

67.2
67.6
70.8
72.9

374.7
393.0
412.0
427.3

134.9
141.3
148.5
154.8

52.0
55.1
57.8
60.1

30.8
32.7
34.0
35.0

157.1
163.9
171.7
177.3

1980
1981

930.5
947.6

137.1
140.0

53.8
54.2

60.1
61,6

23.2
24.3

355.8
362.4

180.2
181.4

78.0
82.7

25.7
25.7

72.0
72.6

437.6
445.2

159.6
162.6

61.5
63.5

34.1
32.4

182.4
186.8

1977
January
February ...
March
April
May
June
July
August
September
October
November
December

847.4
853.2
854.4
856.0
858.9
858.9
866.0
866.1
869.7
875.8
881.7
883.8

129.8
134.0
137.9
136.9
136.3
137.4
137.7
139.2
140.6
140.1
142.3
143.6

61.5
62.9
65.2
63.1
62.9
64.1
62.7
63.6
64.5
62.8
63.8
64.9

49.4
51.4
52.4
52.7
52.2
52.0
53.5
53.2
53.5
54.4
55.1
55.7

18.9
19.7
20.4
21.2
21.2
21.3
21.5
22.4
22.6
22.9
23.4
23.0

330.0
331.9
330.1
331.8
333.0
330.7
333.6
331.4
332.1
336.6
340.5
338.9

170.9
170.6
169.1
169.3
172.6
171.4
171.6
169.1
168.9
170.4
173.2
170.6

64.2
66.1
65.8
66.8
66.2
65.8
67.2
67.2
67.8
70.2
71.1
71.2

28.3
27.6
27.6
28.3
27.6
27.2
27.7
27.6
27.5
27.5
27.6
27.8

66.5
67.6
67.6
67.6
66.6
66.3
67.1
67.5
67.9
68.6
68.5
69.3

387.6
387.4
386.5
387.3
389.6
390.8
394.7
395.6
397.0
399.1
398.9
401.2

139.5
139.6
139.8
140.0
140.3
140.5
141.2
141.7
142.2
142.7
143.5
144.2

55.1
54.8
53,3
53.5
53.2
54.8
55.5
55.7
55.9
56.9
55.4
56.6

31.4
32.3
32.6
32.4
32.6
32.3
32.7
33.2
33.3
33.2
33.3
33.1

161.6
160.7
160.8
161.3
163.5
163.1
165.2
165.1
165.5
166.3
166.7
167.4

872.1
884.8
894.6
899.9
900.3
903.1
902.9
912.5
910.5
914.0
918.2
925.3

134.1
139.9
144.1
149.4
150.1
150.0
147.3
151.4
145.1
148.7
150.2
151.3

59.3
62.2
65.4
69.5
70.2
70.3
67.5
71.3
64.3
68.2
67.7
67.1

52.9
54.8
55.2
56.4
56.4
56.3
56.2
56.6
57.3
57.2
58.5
59.7

21.8
23.0
23.5
23.5
23.4
23.4
23.6
23.6
23.5
23.4
24.0
24.5

335.6
339.8
342.0
341.2
340.8
341.0
342.7
345,1
348.0
348.4
351.2
356.9

171.3
171.2
171.3
170.6
169.6
168.4
170.2
171.2
172.5
173.4
174.5
177.0

68.2
70.9
72.3
72.7
72.6
73.7
73.9
74.5
75.5
75.0
76.1
77.8

27.8
28.2
28.2
28.1
28.0
27.9
27.4
28.3
28.8
28.7
28.9
28.9

68.2
69.6
70.2
69.7
70.5
71.1
71.2
71.1
71.2
71.3
71.8
73.2

402.4
405.0
408.5
409.2
409.5
412.1
412.9
416.0
417.5
416.8
416.8
417.2

144.7
145.4
146.1
146.8
147.5
148.3
148.9
149.6
150.3
150.9
151.5
151.9

56.8
57.4
58.4
56.8
57.3
57.1
57.3
58.0
58.7
58.6
58.6
58.4

32.9
33.3
33.9
34.1
33.9
34.3
34.2
34.4
34.5
34.3
34.2
33.9

168.0
168.9
170.2
171.5
170.7
172.4
172.4
174.0
174.0
173.1
172.6
172.9

June
July
August
September
October
November
December

917.6
922.1
924.0
918.7
921.2
918.7
922.9
930.9
939.0
934.6
939.8
941.5

147.0
149.1
149.6
145.7
146.8
142.3
146.9
148.5
151.9
145.5
146.1
147.2

65.9
66.3
66.3
62.2
63.0
57.2
62.3
62.3
65.1
59.6
59.9
61.3

57.8
58.6
59.4
59.1
59.3
60.3
60.6
62.0
62.2
61.9
61.9
61.8

23.3
24.1
23.9
24.3
24.5
24.7
24.0
24.3
24.5
24.1
24.3
24.2

349.6
349.7
350.2
348.3
349.1
350.1
349.5
353.1
357.6
356.4
360.6
362.5

174.7
173.2
173.5
173.3
173.2
175.4
174.9
175.1
178.3
178.4
180.2
182.5

74.6
74.5
76.1
75.0
75.6
75.4
76.8
78.0
78.4
77.9
79.3
79.3

29.0
29.6
28.7
27.7
27.2
26.4
25.5
27.1
27.1
26.9
26.9
26.3

71.3
72.4
72.0
72.3
73.2
72.9
72.3
72.9
73.8
73.2
74.1
74.4

420.9
423.3
424.2
424.8
425.2
426.3
426.5
429.3
429.5
432.7
433.2
431.8

152.3
152.9
153.3
153.7
154.0
154.5
154.8
155.4
156.0
156.5
157.0
157.4

59.6
60.4
60.2
60.4
59.9
59.6
59.3
60.2
60.0
60.9
61.2
59.8

34.2
34.8
35.3
35.1
35.2
35.3
35.1
34.9
35.1
35.2
35.5
34.7

174.7
175.2
175.5
175.6
176.1
176.8
177.3
178.8
178.4
180.1
179.6
179.9

1980
January
February .
March
April
May ..
June
July .. ..
August...
September
October
November
December

946.9
934.0
930.1
918.7
911.2
917.7
927.8
929.8
926.4
936.6
941.7
944.8

151.6
145.3
139.2
130.7
126.9
129.1
136.4
134.9
132.5
139.6
139.6
139.2

65.4
60.2
56.2
49.3
46.0
49.0
54.5
52.4
50.0
55.6
53.7
53.2

62.0
61.2
59.8
59.0
58.7
57.9
59.1
59.7
59.3
60.3
62.3
62.2

24.2
23.9
23.2
22.4
22.2
22.2
22.8
22.9
23.2
23.7
23.5
23.8

360.9
356.7
355.7
353.7
350.5
353.8
353.4
355.4
352.2
355.0
360.8
361.4

182.7
181.3
182.8
181.6
178.1
180.4
179.9
179.3
177.8
177.3
179.8
180.8

78.8
77.5
76.4
76.1
76.7
76.8
77.2
79.2
77.2
78.8
80.5
80.3

25.8
24.9
24.6
24.8
24.7
25.5
25.2
25.6
25.8
26.6
27.1
27.4

73.4
73.0
71,9
71.2
71.0
71.1
71.1
71.4
71.4
72.2
73.4
73.0

434.4
432.0
435.2
434.3
433.8
434.8
438.0
439.4
441.7
442.0
441.4
444.2

157.8
158.1
158.5
158.8
159.2
159.5
159.8
160.2
160.3
160.8
161.0
161.3

60.1
59.7
61.9
61.7
60.8
60.6
61.6
62.1
62.2
62.5
62.3
62.6

35.3
34.8
34.4
34.2
33.4
34.0
34.2
34.2
34.0
33.8
33.1
33.6

181.1
179.4
180.4
179.5
180.4
180.7
182.3
183.0
185.2
184.9
184.9
186.8

June
July
August
September
October
November
December

950.4
951.2
951.8
946.7
941.6
945.6
947.5
956.0
950.8
941.5
943.0
945.6

142.9
146.2
146.9
141.0
137.5
137.3
138.8
146.7
141.1
133.6
134.8
133.9

56.1
59.6
60.1
53.8
51.9
50.9
52.7
60.1
55.6
49.7
50.9
49.3

62.8
62.6
62.4
62.4
61.2
61.9
60.9
61.8
61.4
60.4
60.3
60.6

24.0
24.0
24,4
24.8
24.5
24.5
25.2
24.7
24.1
23.5
23.5
24.0

361.9
361.9
360.9
362.7
359.3
363.1
361.9
363.6
363.5
361.5
362.7
365.1

180.5
181.6
182.0
181.8
180.5
181.6
180.4
180.9
181.5
180.3
181.9
183.9

81.4
82.8
82.0
82.9
81.7
83.2
82.7
83.8
82.8
82.7
82.8
83.7

26.6
25.1
24.6
25.0
25.3
25.8
25.9
26.1
26.5
25.9
25.7
25.7

73.4
72.4
72.3
73.0
71.9
72.6
72.8
72.9
72.8
72.6
72.3
71.8

445.6
443.0
444.0
443.1
444.7
445.2
446.8
445.7
446.2
446.4
445.5
446.7

161.5
161.6
161.8
162.1
162.5
162.5
162.7
162.8
163.1
163.4
163.5
163.6

63.4
62.0
61.7
61.8
63.1
64.0
65.0
63.8
63.3
64.8
63.4
64,9

34.0
33.5
33.0
32.8
32.2
31.9
32.2
32.1
32.1
31.8
31.8
31.5

186.6
185.8
187.5
186.4
186.9
186.8
186.9
187.0
187.6
186.4
186.8
186.7

1982
January .
February
March . .
April
May
June

943.1
954.1
950.1
953.2
963.2
952.3

135.4
139.0
138.0
137.7
143.6
135.6

53.5
56.0
55.1
54.0
59.3
51.6

57.7
59.0
58.7
59.4
59.8
59.6

24.1
24,0
24.1
24.3
24.5
24.4

359.5
365.5
361.4
362.7
368.0
366.5

180.4
182.7
182.2
182.6
183.8
185.5

82.2
86.2
83.1
83.0
86.3
84.8

26.4
26.2
26.1
27.0
27.6
26.3

70.6
70.5
70.1
70.2
70.3
69.9

448.2
449.6
450.7
452.8
451.7
450.2

164.1
164.6
164.9
165.1
165.2
165.4

66.0
64.5
63.1
65.3
64.3
63.3

31.3
31.8
32.6
33.1
33.3
32.6

186.7
188.8
190.1
189.4
188.9
189.0

. .

1978
January
February . .
March
April

May
June
July
August
September
October . .
November
December

1979
January
February
March
April

May

1981
January..
February
March .,
April

May




47

SURVEY OF CURRENT BUSINESS

July

3. Government Receipts and Expenditures
Table 3.1.—Government Receipts and Expenditures
[Millions of dollars]

Receipts

1977

1976

Line

1978

1979

1981

1980

1

538 424

605 407

681 922

765,088

837 964

957 283

2
3
4
5

196 833
63844
151 718
126 029

226,388
72 699
165,740
140,580

258 682
83238
178,162
161 840

301,015
87 597
189,578
186 898

336,325
84652
213,004
203,983

386,696
81 175
251,292
238,120

,, ,, 6

574,938

623,255

681,105

750,755

871,184

985,526

, 7
., 8
9

362,100
194 628
167 472

393,814
210,337
183,477

431,913
229,280
202 633

474,351
247 444
226,907

538,375
272 808
265,567

596,935
299 705
297 230

10
11
12

189 569
186,353
3,216

202 547
199,289
3,258

218 354
214,592
3,762

244,221
239,991
4,230

291,080
285,847
5,233

329,606
323,939
5,667

13
14
15
16
. 17

23,138
44,654
40134
4,520
21516

25,094
49,063
43,521
5,542
23,969

28,982
58384
49710
8,674
29,402

30,562
70,874
59798
11,076
40,312

38,357
87465
74953
12,512
49108

54,967
115,087
98339
16,748
60120

18

842

1,256

1,671

1,913

2,146

2,587

Subsidies less current surplus of government enter- 19
prises.
20
Subsidies
21
Less: Current surplus of government enterprises...

973

3,056

3,748

3,353

5,478

6,647

5,791
4,818

7,722
4,666

9,527
5,779

9,542
6,189

10,724
5,246

12,596
5,949

Personal tax and nontax receipts. ..
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Expenditures

,

Purchases of goods and services.,
Compensation of employees.
Other
Transfer payments
To persons
To foreigners

.

,

..
.,
.......

Net interest paid
.... .
Interest paid
To persons and business
To foreigners ...
Less* Interest received by government 1

.. ...
,

Less* Dividends received by government 1

22

0

0

221

-181

—40

42

Surplus or deficit (-), national income and 23
product accounts.

-36,514

-17,848

817

14,333

-33,220

-28,243

3,763
40277

7,524
25,372

19,008
18191

27,583
13250

14,876
48,096

20,823
49,066

Less: Wage accruals less disbursements

Social insurance funds ... ........
Other
1

..

. . .

24
25

Prior to 1968, dividends received is included in interest received (line 17).

Table 3.2.—Federal Government Receipts and Expenditures
Millions of dollars
Line

Billions of dollars, seasonally adjusted at annual rates

1976

1977

1978

1979

1980

1981

1978

1977
I

II

III

IV

I

II

III

IV

1

331,750

375,210

431,569

493,636

540,722

628,219

364.1

370.5

377.5

388.7

396.7

424.4

442.3

462.8

Personal tax and nontax receipts .
Income taxes ....................
Estate and gift taxes
Nontaxes

2
3
4
5

147,273
141,544
5,583
146

170,052
162,727
7,157
168

194,921
189,473
5,265
183

230,575
224,844
5,546
185

257,535
250,731
6,572
232

298,061
290,807
6,985
269

167.6
155.4
12.0
0.2

166.9
161.3
5.5
0.2

168.7
162.9
5.7
0.2

176.9
171.3
5.4
0.2

178.7
173.1
5.4
0.2

188.4
183.0
5.2
0.2

200.9
195.5
5.2
0.2

211.7
206.2
5.3
0.2

Corporate profits tax accruals

6

54,577

61,615

71,338

74,185

70,264

67,315

57.5

61.5

63.7

63.8

59.9

72.2

74.3

78.9

24.3
17.3
5.0
2.0

24.8
17.4
5.3
2.1

25.5
17.6
5.8
2.2

25.6
17.9
5.5
2.2

26.6
17.8
6.4
2.4

28.1
18.5
7.1
2.5

28.5
18.5
7.3
2.7

29.5
19.1
7.6
2.9

Receipts

Indirect business tax and nontax accruals
Excise taxes
Customs duties..
....
Nontaxes

7
8
9
10

23,398
17,024
4,560
1,814

25,042
17,528
5,403
2,111

Contributions for social insurance

11

106,502

118,501

137,165

Expenditures
Purchases of goods and services
National defense .
Nondefense
.
Transfer payments....,,.,.
To persons...,
To foreigners

.. ..
,

,
•

28,145
18,452
7,100
2,593

29,388
18,539
7,454
3,395

38,856
26,775
7,160
4,921

58,531
44,146
8,589
5,796

159,488

174,067

204,312

114.8

117.3

119.5

122.4

131.5

135.7

138.7

142.7

509,726

602,092

688,189

401.7

412.4

429.6

440.6

445.1

451.1

465.6

482.4

12

384,833

421,089

461,032

13
.... 14
... 15

129,174
85,964
43,210

143,444
92,825
50,619

153,587
100,273
53,314

168,343
111,839
56,504

197,180
131,360
65,820

228,947
153,732
75,215

135.8
90.6
45.1

142.2
92.7
49.6

146.2
93.5
52.7

149.5
94.5
55.0

147.3
95.3
52.0

149.2
99.7
49.5

156.1
101.7
54.4

161.8
104.4
57.4

16
17
18

161,977
158,761
3,216

172,828
169,570
3,258

185,566
181,804
3,762

209,189
204,959
4,230

251,443
246,210
5,233

286,608
280,941
5,667

168.6
165.7
2.9

169.1
165.9
3.2

175.4
171.8
3.7

178.2
174.9
3.2

180.2
176.8
3.4

180.9
176.9
3.9

188.6
185.1
3.5

192.6
188.4
4.2

19

61,101

67,536

77,261

80,510

88,675

87,689

62.9

66.5

71.1

69.7

74.6

77.7

77.3

79.5

20
21
22
. . . .... 23

26,769
32,143
27,623
4,520

29,096
35,381
29,839
5,542

35,180
43,486
34,812
8,674

42,399
53,634
42,558
11,076

53,137
67,215
54,703
12,512

71,876
91,387
74,639
16,748

27.8
33.8
29.0
4.8

28.5
34.6
29.5
5.1

29.1
35.5
29.9
5.6

31.1
37.6
31.0
6.6

32.9
40.2
32.4
7.8

33.9
42.0
33.6
8.4

36.1
44.6
36.0
8.6

37.8
47.1
37.3
9.8

24

5,374

6,285

8,306

11,235

14,078

19,511

6.1

6.1

6.4

6.6

7.3

8.1

8.5

9.3

Subsidies less current surplus of government enter- 25
prises.
26
Subsidies
•
• «
27
Less: Current surplus of government enterprises

5,812

8,185

9,484

9,239

11,657

13,111

6.6

6.2

7.9

12.0

10.1

9.5

7.6

10.7

5,602
-210

7,512
-673

9,288
-196

9,215
-24

10,370
-1,287

12,194
-917

6.1
-0.6

6.4
0.1

6.8
-1.0

10.8
-1.3

9.0
-1.1

8.7
-0.8

8.7
1.0

10.8
0.1

42

0.0

Grants-in-aid to State and local governments
Net interest paid...
Interest paid
,
To persons and business ... .,
To foreigners
•
..
Less' Interest received by government

... ... ........ 28

0

0

46

-46

0

national income and 29

-53,083

-45,879

-29,463

-16,090

-61,370

-59,970 v-37.6

-41.9

-52.1

-51.8

30
31

-11,863
41,220

-10,441
-35,438

-1,260
28203

3,791
19881

12,408
-48,962

-10,979
-48,991

-9.0
-32.9

-11.5
-40.6

-11.0
40.8

Less' Wage accruals less disbursements
Surplus or deficit (-),
product accounts.
Other




-10.3
274

0.0

0.0

0.0

0.0

-48.4

-2.6
45.8

0.0

0.2

-26.6

-23.3

1.4
-28.1

-3.0
-20.3

0.0

-19.6

-0.9
187

48

SURVEY OF CURRENT BUSINESS

July

Table 3.2.—Federal Government Receipts and Expenditures—Continued
Billions of dollars, seasonally adjusted at annual rates

1979

Line
I

II

1980
III

IV

I

1981

1982

II

III

IV

I

II

III

IV

I

1

477.8

486.7

500.0

510.1

525.7

520.2

542.4

574.6

620.0

627.0

640.2

625.7

609.0

Personal tax and nontax receipts
Income taxes
..
..
Estate and gift taxes
Nontaxes

2
3
4
5

216.7
211.0
5.5
0.2

225.2
219.6
5.4
0.2

235.5
229.9
5.4
0.2

244.9
238.8
5.9
0.2

244.3
238.0
6.1
0.2

251.3
244.5
6.6
0.2

260.1
252.9
6.9
0.2

274.4
267.5
6.6
0.3

286.4
279.7
6.5
0.3

297.0
289.8
6.9
0.3

307.9
300.6
7.1
0.3

300.9
293.2
7.5
0.3

299.9
291.1
8.5
0.3

Corporate profits tax accruals

6

76.4

74.7

74.4

71.3

79.3

60.9

68.0

72.8

76.1

65.6

68.4

59.1

45.6

29.2
18.4
7.3
3.5

29.6
18.5
7.4
3.7

31.2
20.1
7.2
4.0

36.3
25.0
6.9
4.3

40.2
28.3
7.3
4.7

47.7
33.7
7.3
6.7

57.5
43.9
7.8
5.8

61.5
47.7
8.3
5.5

57.8
43.1
9.0
5.8

57.2
41.9
9.3
6.1

48.7
33.6
8.7
6.3

Receipts

II

302.4
294.7
7.4
0.3

Indirect business tax and nontax accruals
Excise taxes
Customs duties
Nontaxes

7
8
9
10

29.3
18.6
7.6
3.1

29.4
18.6
7.6
3.3

Contributions for social insurance

11

155.4

157.4

160.9

164.2

170.7

171.7

174.0

179.8

199.9

202.8

206.1

208.4

214.9

216.1

12

487.9

493.4

518.0

539.6

565.4

587.7

615.4

639.9

659.7

667.5

698.2

727.4

728.3

733.0

13
14
15

164.4
106.6
57.8

163.2
109.0
54.2

168.0
112.7
55.3

177.8
119.0
58.7

189.6
126.8
62.8

198.8
130.0
68.8

193.3
130.5
62.8

207.0
138.1
68.9

217.0
143.1
73.9

218.2
150.5
67.7

230.0
154.4
75.7

250.5
166.9
83.6

249.7
166.2
83.5

244.1
172.2
71.9

16
17
18

196.8
192.6
4.3

201.3
197.3
3.9

216.0
212.3
3.8

222.6
217.7
4.9

230.3
225.5
4.8

237.3
233.0
4.3

266.3
261.3
4.9

271.9
265.1
6.9

274.0
268.8
5.2

276.7
271.9
4.8

295.1
289.0
6.1

300.7
294.0
6.6

303.2
297.2
6.0

311.6
306.6
5.1

19

78.0

78.1

81.4

84.5

85.5

87.6

88.9

92.7

90.2

90.6

86.3

83.6

83.0

83.1

45.2
57.4
46.1
11.3

50.0
62.5
50.3
12.2

53.2
66.8
55.1
11.7

53.3
67.8
55.8
12.0

56.0
71.8
57.6
14.1

66.3
84.3
68.5
15.8

68.3
87.4
70.4
17.0

74.0
94.3
77.2
17.1

79.0
99.5
82.4
17.1

79.6
101.8
83.9
17.9

82.6
105.4
88.2
17.2

Expenditures

.. ....

Purchases of goods and services
National defense
Nondefense
...
Transfer payments
To persons
To foreigners

.
.

..

Grants-in-aid to State and local governments

50.3
35.0
8.7
6.6

20
21
22
23

39.9
50.2
39.2
11.1

41.6
52.4
41.4
11.0

42.8
54.5
43.5
11.0

24

10.3

10.8

11.7

12.1

12.5

13.6

14.5

15.8

18.0

19.1

20.3

20.6

22.1

22.8

Subsidies less current surplus of government enter- 25
prises.
26
Subsidies
..
.. .
Less: Current surplus of government enterprises
27

8.6

9.2

9.7

9.5

9.9

10.9

13.6

12.3

12.2

13.7

13.0

13.6

12.7

11.5

9.0
0.4

9.5
0.3

8.8
-0.9

9.6
0.1

9.8
-0.1

10.2
-0.6

10.5
-3.1

11.0
-1.3

11.3
-0.9

11.6
-2.0

12.0
-1.0

13.8
0.3

13.7
1.1

12.9
1.4

28

-0.2

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.2

Surplus or deficit ( — ), national income and 29
product accounts.

-10.1

-6.7

-18.0

-29.6

-39.7

-67.5

-73.1

-65.2

-39.7

-40.5

9.3
-19.4

7.9
-14.6

06
-17.4

14
-28.1

1.7
-41.4

49
-62.6

-24.4
-48.7

22 1
-43.1

41
-35.6

39
-36.6

Net interest paid
Interest paid
To persons and business
To foreigners.
Less* Interest received by government

Less" Wage accruals less disbursements

Social insurance funds
Other.. ..




30
31

-0.1

-0.2

-58.0

-101.7

-119.3

16 6
-41.4

-19.3
-82.4

16 4
-102.9

0.0

237

SURVEY OF CURRENT BUSINESS

July

49

Table 3.3.—State and Local Government Receipts and Expenditures
Billions of dollars, seasonally adjusted at annual rates

Millions of dollars

1977

Line

Receipts
Personal tax and nontax receipts
Income taxes
Nontaxes
Other

..
..

•

1976

1977

1978

1979

1980

1981

I

1978

II

III

IV

I

II

III

IV
336.9

1

267,775

297,733

327,614

351,962

385,917

416,753

284.7

293.9

304.0

308.4

316.7

329.1

327.8

2

49,560

56,336

63,761

70,440

78,790

88,635

54.0

55.7

56.9

58.8

60.5

62.9

64.7

66.9

3
4
5

26,751
16,703
6,106

30,771
18,898
6,667

35,345
21,402
7,014

38,529
24,548
7,363

42,775
28,084
7,931

48,280
32,027
8,328

29.4
18.1
6.6

30,2
18.6
6.9

31.2
19,2
6.5

32.3
19.8
6.7

33.4
20.4
6.7

34.9
21.0
6.9

35.8
21.7
7.2

37.2
22.4
7.2

Corporate profits tax accruals

6

9,267

11,084

11,900

13,412

14,388

13,860

10.3

11.0

11.5

11.5

10.2

12.1

12.3

13.0

Indirect business tax and nontax accruals

7

128,320

140,698

150,017

160,190

174,148

192,761

136.3

138.9

142.1

145.4

147.8

152.2

148.4

151.6

8
9
10

57,760
58,247
12,313

64,018
63,200
13,480

71,000
63,748
15,269

77,281
64,403
18,506

82,843
68,388
22,917

90,422
75,091
27,248

61.8
61.5
13.0

62.9
62.8
13.2

64.6
63.8
13.6

66.8
64.6
14.0

68.1
65.3
14.5

71.1
66.0
15.1

71.7
61.3
15.4

73.1
62.4
16.1

Sales taxes
Property taxes
Other

.. •
. . .

..

11

19,527

22,079

24,675

27,410

29,916

33,808

21.1

21.8

22.4

23.0

23.6

24.2

25.0

25.9

12

61,101

67,536

77,261

80,510

88,675

87,689

62.9

66.5

71.1

69.7

74.6

77.7

77.3

79.5

•

13

251,206

269,702

297,334

321,539

357,767

385,026

261.0

267.8

272.0

278.1

285.1

295.1

302.1

307.1

.,..,.

14

232,926

250,370

278,326

306,008

341,195

367,988

242.1

248.4

252.5

258.4

265.5

275.3

283.2

289.3

Compensation of employees
Other

15
16

132,250
100,676

143,995
106,375

157,553
120,773

171,772
134,236

189,929
151,266

207,392
160,596

139.0
103.1

142.0
106.4

145.7
106.8

149.2
109.2

152.7
112.7

155.5
119.8

159.2
124.0

162.8
126.6

Transfer payments to persons .

17

27,592

29,719

32,788

35,032

39,637

42,998

28.7

29.3

30.0

30.8

31.9

32.8

33.2

33.2

18

-3,631

4002

6 198

-11,837

-14,780

-16,909

37

37

40

46

51

57

65

74

19
20

12,511
16,142

13,682
17,684

14,898
21,096

17,240
29,077

20,250
35,030

23,700
40,609

13.3
16.9

13.5
17.3

13.8
17.9

14.1
18.7

14.4
19.5

14.7
20.5

15.1
21.6

15.4
22.8

Contributions for social insurance,.,

,

Expenditures
Purchases of goods and services

,

Interest paid
Less1 Interest received by government

21

842

1,256

1,671

1,913

2,146

2,587

1.0

1.2

1.3

1.5

1.6

1.6

1.7

1.7

Subsidies less current surplus of government enterprises,.... 22

-4,839

-5,129

-5,736

-5,886

-6,179

-6,464

-5.1

-5.1

-5.1

-5.2

-5.5

-5.7

-5.9

-5.9

23
24

189
5,028

210
5,339

239
5,975

327
6,213

354
6,533

402
6,866

0.2
5.3

0.2
5.3

0.2
5.3

0.2
5.4

0.2
5.7

0.2
5.9

0.2
6.1

0.3
6.2

Less* Dividends received by government

... ...

Subsidies
Less1 Current surplus of government enterprises

25

0

0

175

135

-40

0

0.0

0.

0.0

0.0

0.0

0.0

0.3

0.4

Surplus or deficit ( — ), national income and prod- 26
uct accounts.

16,569

28,031

30,280

30,423

28,150

31,727

23.7

26.1

32.0

30.4

31.6

34.0

25.7

29.8

27
28

15,626
943

17,965
10,066

20,268
10,012

23,792
6,631

27,284
866

31,802
75

17.1
6.6

17.7
8.4

18.3
13.7

18.8
11.6

19.2
12.4

19.7
14.3

20.6
5.1

21.6
8.2

Social insurance funds.
Other

..

Billions of dollars, seasonally adjusted at annual rates

1979

Line

I
Receipts

....

Personal tax and nontax receipts

,

Income taxes
Nontaxes
Other. .

1980

II

III

IV

I

1982

1981

II

III

IV

I

II

III

IV

I

II

1

341.0

344.3

356.3

366.3

374.5

376.6

389.3

403.3

410.0

415.2

420.3

421.5

424.2

2

67.6

67.4

72.1

74.6

75.5

77.3

79.6

82.7

84.8

87,2

90.3

92.3

93.6

95.1

3
4
5

37.1
23.3
7.3

36.0
24.1
7.3

39.8
25.0
7.3

41.2
25.9
7.5

41.1
26.7
7.7

41.8
27.6
7.9

43.0
28.5
8.1

45.1
29.5
8.1

46.2
30.4
8.2

47.5
31.4
8.3

49.3
32.6
8.4

50.1
33.7
8.5

50.2
34.8
8.6

50.6
35.9
8.7

Corporate profits tax accruals

6

13.8

13.5

13.4

12.9

15.9

12.5

14.2

15.0

15.4

13.6

14.0

12.5

10.1

Indirect business tax and nontax accruals ...

7

155.0

158.1

161.6

166.0

168.8

170.5

176.1

181.2

187.1

190.4

195.5

198.0

201.5

207.4

8
9
, .. 10

74.7
63.2
17.1

76.2
64.1
17.8

78.1
64.7
18.8

80.1
65.6
20.3

81.1
66.5
21.2

80.4
67.8
22.3

83.8
68.7
23.6

86.1
70.5
24.6

88.9
72.3
25.9

89.2
74.3
27.0

91.8
76.0
27.8

91.8
77.8
28.4

92.6
79.8
29.2

95.5
81.8
30.0

Contributions for social insurance

11

26.6

27.1

27.7

28.3

28.7

28.8

30.6

31.6

32.5

33.4

34.2

35.1

36.0

36.9

Federal grants-in-aid

12

78.0

78.1

81.4

84.5

85.5

87.6

88.9

92.7

90.2

90.6

86.3

83.6

83.0

83.1

13

308,7

317.5

325.4

334.7

345.3

353.3

362.2

370.3

378.6

382.2

386.9

392.4

396.5

403.6

Purchases of goods and services

14

292.5

301.2

310.5

319.8

329.6

337.2

345.2

352.8

361.1

365.0

370,1

375.7

380.4

387.8

Compensation of employees
Other .

15
16

166.1
126.4

169.5
131.8

173.7
136.8

177,8
142.0

182.7
146.9

187.6
149.6

192.4
152.8

197.0
155.8

201.7
159.3

205.6
159.4

209.2
161.0

213.0
162.7

217.1
163.2

221.4
166.3

Transfer payments to persons

17

33.8

34.5

35.3

36.5

37.7

38.9

40.5

41.4

42.0

42.8

43.3

43.9

44.3

44.9

Net interest paid

18

97

-11.4

127

-13.6

-14.0

-14.6

-15.1

-15.5

-15.7

167

17 4

17 8

18 5

19 2

19
20

16.0
25.7

16.8
28.2

17.7
30.4

18.5
32.0

19.2
33.2

19.9
34.4

20.6
35.7

21.4
36.9

22.2
37.9

23.2
39.8

24.2
41.5

25.3
43.1

26.4
44.9

27.6
46.8

2.7

2.8

3.0

3.2

Sales taxes
Property taxes
Other

...

Expenditures ..

Interest paid
Less* Interest received by government.
Less: Dividends received by government

21

1.8

1.9

2.0

2.0

2.1

2.1

2.2

2.2

2.3

2.5

Subsidies less current surplus of government enterprises

22

-5.9

-5.9

-5.9

-5.9

-6.0

-6.1

-6.2

-6.3

-6.4

-6.4

-6.5

-6.6

-6.6

-6.7

23
24

0.3
6.2

0.3
6.2

0.3
6.2

0.3
6.3

0.3
6.4

0.3
6.5

0.4
6.6

0.4
6.7

0.4
6.8

0.4
6.8

0.4
6.9

0.4
7.0

0.4
7,1

0.5
7.2

25

0.3

-0.9

-0.1

0.2

-0.2

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0,0

0.0

Surplus or deficit ( — ), national income and prod- 26
uct accounts.
Social insurance funds
27
Other
. . .
28

32.3

26.8

30.9

31.6

29.1

23.3

27.1

33.0

31.3

32.9

33.5

29.1

27.7

22.4
9.9

23.3
3.5

24.2
6.7

25.2
6.4

25.8
3.3

26.2
-2.8

28.1
-1.0

29.1
3.9

30.3
1.1

31.3
1.7

32.3
1.2

33.3
42

34.5
68

Subsidies
..
Less: Current surplus of government enterprises ...
Less: Wage accruals less disbursements

NOTE.— Prior to 1968, dividends received is included in interest received (line 20).
378-127 0 - 8 2 - 4




35.7

50

SURVEY OF CURRENT BUSINESS

July

Table 3.4.—Personal Tax and Nontax Receipts
[Millions of dollars]
Line

1976

1977

1978

1981

1980

1979

Personal tax and nontax 1
receipts.

196,833

226,388

258,682

301,015

336,325

386,696

2

147 273

170 052

194 921

230 575

257 535

298 061

Income taxes
Withheld
Declarations and
ments.
Less: Refunds

3
4
settle- 5

141?544
133 094
36,396

162 727
150 031
42,594

189 473
173 791
48,451

224 844
202 864
56,650

250 731
230 685
64,514

290 807
261 544
77,854

6

27 946

29898

32769

34 670

44 468

48 591

Estate and gift taxes
Nontaxes

7
8

5583
146

7157
168

5265
183

5546
185

6572
232

6985
269

9

49,560

56,336

63,761

70,440

78,790

88,635

10
11
12
13
14

26,751
1,653
2,780
914
759

30,771
2119
2,890
894
764

35,345
1977
3,125
1046
866

38,529
2,047
3,247
1 143
'926

42,775
2,264
3,438
1227
l'o02

48,280
2371
3,644
1 249
1064

Nontaxes
,
15
Tuition and related educa- 16
tional charges.
Hospital
and
health 17
charges.
Fines.........
18
Other .
19

16,703
4,641

18,898
5,132

21,402
5,655

24,548
6,280

28,084
7,119

32,027
8,040

7,943

8,997

10,242

12,016

14,024

16,400

1,479
2640

1,678
3,091

1,994
3511

2,390
3862

2820
4121

3,160
4427

Federal

State and local
Income taxes..
Estate and gift taxes...
Motor vehicle licenses
Property taxes
Other taxes....

Table 3.5.—Indirect Business Tax and Nontax Accruals
[Millions of dollars]
Line

1976

1977

1978

1979

1980

1981

Indirect business tax and 1
nontax accruals.

151,718

165,740

178,162

189,578

213,004

251,292

2

23,398

25,042

28,145

29,388

38,856

58,531

Excise taxes
Liquor...
,
Tobacco
..
Windfall profit tax
Other

3
4
5
6
7

17024
5,284
2492

17528
5,349
2379

18452
5559
2467

18 539
5,587
2469

9,248

9800

10426

10483

26775
5,515
2483
9,281
9,496

44146
5,604
2555
26,623
9,364

Customs duties
Nontaxes ..

8
9

4,560
1814

5403
2111

7,100
2593

7454
3395

7,160
4921

8,589
5,796

10

128 320

140,698

150,017

160 190

174,148

192,761

11
12
13
14
15
16
17
18
19
20
21
22
23

57,760
49868
29,280
8961
2,120
3,484
2111
1988
1,924
7892
5167
1,771
954

64,018
55025
33,072
9,315
2,193
3,564
2395
2376
2110
8993
5905
2,038
1050

71000
60833
37,497
9744
2,330
3,654
2,693
2685
2,230
10167
6709
2,299
1,159

77,281
65735
41,775
9740
2,406
3,667
2,932
2912
2,303
11,546
7,717
2,517
1,312

82,843
70006
44,765
9,592
2,527
3,824
3,706
3241
2,351
12,837
8,515
2,889
1,433

90,422
76,292
48,952
9,997
2,703
3,920
4,622
3,421
2,677
14,130
9,113
3,467
1,550

24
25
26
27

58,247
1,972
2,101
4421

63,200
2,069
2,335
4,819

63,748
2,173
2,574
5,491

64,403
2,342
3,464
6,217

68,388
2,477
4,950
6,560

75,091
2,623
7,539
6,816

Nontaxes
,,....,.... 28
Rents and royalties
...... 29
30
Special assessments
31
Fines..
,
32
Other

3,819
1,659
865
492
803

4,257
1,848
933
542
934

5,031
2,216
1,066
667
1,082

6,483
3,262
1,212
797
1,212

8,930
5,343
1,385
940
1,262

10,270
6,266
1,580
1,076
1,348

Federal

State and local
Sales taxes
State
General
Gasoline ..
Liquor
Tobacco
Public utilities
Insurance receipts
Other
Local
General
Public utilities.
Other
Property taxes.
,
Motor vehicle licenses
Severance taxes 3
Other taxes
«




. .

,

51

SURVEY OF CURRENT BUSINESS

July

Table 3.6.—Contributions for Social Insurance
[Millions of dollars]
Line
Contributions for social insurance.
Employer contributions
Federal
social
insurance
funds.
Old-age, survivors, disability, and hospital insurance.
Old-age, 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.
Temporary disability insurance.
Workmen's compensation ......
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

1976

1977

1978

1979

1980

1981

1

126,029

140,580

161,840

186,898

203,983

238,120

2

70,544

79,467

92,071

105,791

115,297

133,219

3

56,806

63,815

74,343

85,870

92,935

107,959

4

40,059

44,255

51,466

61,034

67,246

80,939

5

33,834

37,380

42,881

50,479

55,623

64,984

6

6225

6875

8585

10555

11623

15955

1

8,448

9,643

11,661

12,315

12,073

12,182

8
9

1,504
150

2,270
220

2,889
219

3,181
196

3,463
147

3,423
204

10
11

1255
4,866

1,384
5,466

1456
6,013

1652
6,770

1716
7,446

1835
8,455

12
13

7
517

6
571

3
636

5
717

6
838

10
911

14

13,738

15,652

17,728

19,921

22,362

25,260

15

12,059

13,500

15,011

16,839

19,103

21,800

16

29

34

42

54

75

85

17

1,650

2,118

2,675

3,028

3,184

3,375

18

55,485

61,113

69,769

81,107

88,686

104,901

19

49,696

54,686

62,822

73,618

81,132

96,353

20

43,628

48,218

55,838

66,053

72,925

87,072

21
22

40,127
33,883

44,337
37,439

51,554
42,943

61,130
50,545

67,354
55,698

81,055
65,059

23

6,244
3,501
2,049

6,898
3881
2,234

8,611
4284
2,456

10,585
4,923
2,704

11,656
5,571
2,993

15,996
6017
3,700

24
25
26

91

103

116

120

125

130

27
28

386
2,866

418
3,040

450
3,269

563
3,497

599
3,779

698
4,019

29

676

673

693

681

711

734

State and local social insur- 30
ance funds.
State and local employees 31
retirement.
Temporary disability insur- 32
ance.

5,789

6,427

6,947

7,489

7,554

8,548

5,281

5,804

6,254

6,691

7,097

7,618

508

623

693

798

457

930




52

SURVEY OF CURRENT BUSINESS

July

Table 3.7B.—Government Purchases of Goods and Services by Type
Billions of dollars, seasonally adjusted at annual rates

Millions of dollars

1977

Line

1

362,100

2
3
4
5
6
7
8
9
10
11

1979

1980

1981

393,814

431,913

474,351

538,375

596,935

129,174
85,964
18,623
4,656
60,387
40,940
23,987
16,953
19,447
2,298

143,444
92,825
22,304
4,971
63,119
42,835
24,854
17,981
20,284
2,431

153,587
100,273
24,059
5,459
68,250
46,101
26,294
19,807
22,149
2,505

168,343
111,839
28,998
6,589
73,768
48,675
27,630
21,045
25,093
2,484

197,180
131,360
33,557
10,694
84,071
53,228
30,493
22,735
30,843
3,038

12
13
14
15
16
17
18

43,210
1,110
3,506
34,252
21,438
12,814
4,342

50,619
1,332
6,978
37,611
23,507
14,104
4,698

53,314
1,799
3,461
42,420
25,626
16,794
5,634

56,504
1,615
2,177
46,967
26,997
19,970
5,745

19
20
21
22
... . 23
24
25

232,926
7,625
16,889
176,152
132,250
43,902
32,260

250,370
7,974
18,758
192,607
143,995
48,612
31,031

278,326
8,874
20,927
210,998
157,553
53,445
37,527

306,008
10,116
23,833
231,773
171,772
60,001
40,286

Federal
National defense
Durable goods
.
Nondurable goods .. .....
...
Services.........
Compensation of employees
Military
Civilian
Other services.....
..,„
Structures ...

..

Nondefense
.
Durable goods
Nondurable goods
,
Services
. .
Compensation of employees
Other services
Structures
. ..... ...... ... ....

Compensation of employees. . . ..... ,
Other services
. ... ....... .,.
Structures

1977

1978

Government purchases of goods and services.

State and local . ....
Durable goods , .,
Nondurable goods ..

1976

I

1978

II

m

IV

412.8

424.4

439.3

451.1

149.5
94.5
21.6
4.9
65.9
44.8
26.0
18.8
21.1
2.1

147,3
95.3
22.3
4.6
66.4
45.1
25.9
19.3
21.3
2.0

149.2
99.7
24.0
5.6
67.3
45.5
25.9
19.6
21.8
2.8

156.1
101.7
24.4
6.5
68.1
45.9
26.2
19.8
22.2
2.7

161.8
104.4
25.6
5.2
71.1
47.8
27.2
20.6
23.3
2.5

52,7
1.1
9.2
37.4
23.3
14.1
5.0

55.0
1.4
8.8
40.0
24.6
15.4
4.8

52.0
2.0
3.8
41.2
25.0
16.2
5.0

49.5
1.9
0.0
42.2
25.4
16,8
5.5

54.4
1.5
4.6
42.1
25.6
16.5
6.1

57.4
1.8
5.5
44.2
26.6
17.6
5.9

252.5
8.0
19.0
194.8
145.7
49.1
30.6

258.4
8.2
19.5
199.8
149.2
50.6
30.9

265.5
8.5
20.0
204.1
152.7
51.4
32.9

275.3
8.7
20.6
208.4
155.5
52.8
37.6

283.2
9.0
21.2
213.4
159.2
54.2
39.7

289.3
9.3
21.9
218.1
162.8
55.4
40.0

II

III

IV

377.9

390.7

398.7

408.0

228,947
153,732
40,082
12,597
98,047
60,806
35,641
25,165
37,241
3,006

135.8
90.6
22.2
4.6
61.3
42.1
24.5
17.6
19.2
2.5

142.2
92.7
23.1
4.8
62.0
42.2
24.5
17.7
19.9
2.7

146.2
93.5
22.3
5.6
63.2
42.3
24.5
17.8
21.0
2.4

65,820
2,811
4,260
52,197
29,651
22,546
6,552

75,215
2,468
10,960
54,979
31,507
23,472
6,808

45.1
1.3
3.2
36.2
22.9
13.2
4.4

49.6
1.5
6.6
36.9
23.2
13.7
4.6

341,195
11,177
26,988
257,634
189,929
67,705
45,396

367,988
11,977
30,268
282,826
207,392
75,434
42,917

242.1
7.8
17.9
185.6
139.0
46.6
30.7

248.4
7.9
18.5
190.2
142.0
48.2
31.9

I

Billions of dollars, seasonally adjusted at annual rates

1979

Line

1982

1981

1980

I

II

HI

IV

I

II

m

IV

I

II

III

IV

I

II

456.9

464.5

478.5

497,6

519.2

536.0

538.5

559.8

578.1

583.2

600.2

626.3

630,1

631.9

2
. . 3
4
5
6
7
8
.... 9
10
...
11

164.4
106,6
26.6
5.8
72.0
47.8
27.1
20.7
24.2
2.2

163.2
109.0
28.0
5.7
73.0
47.9
27.1
20.8
25.1
2.3

168.0
112.7
29.4
6.9
73.7
48.1
27.3
20.8
25.6
2.8

177.8
119.0
32.0
8.1
76.4
50.9
29.0
21.9
25.5
2.5

189.6
126.8
33.7
10.0
80.3
51.3
29.1
22.2
29.0
2.8

198.8
130.0
33.3
10.5
83.4
51.6
29.3
22.3
31.8
2.8

193.3
130.5
32.6
10.8
83.4
52.2
29.8
22.4
31.2
3.7

207.0
138.1
34.6
11.5
89.2
57.8
33.8
24.0
31.4
2.8

217.0
143.1
36.1
12.1
92.2
58.5
34.1
24.4
33.7
2.7

218.2
150.5
40.0
13.2
94.4
59.2
34.4
24.9
35.1
2,9

230.0
154,4
41.6
11.9
98.0
59.8
34.6
25.2
38.1
2.9

250.5
166.9
42.7
13.2
107.6
65.6
39.4
26.2
42.0
3.4

249.7
166.2
43.1
13.6
106.0
66.3
39.7
26.5
39.8
3.5

244.1
172.2
46.8
14.6
106.9
66.6
39.8
26.7
40.4
3.9

12
13
.... 14
15
16
17
18

57.8
2.2
4.4
45.7
26.6
19.1
5.5

54.2
2.0
0.7
45.9
26.7
19.3
5.6

55.3
2.2
-0.2
47.3
26.7
20.6
5.9

58.7
0.1
3.8
48.9
28.0
21.0
5.9

62.8
3.0
3.1
50.3
28.4
21.9
6.4

68.8
2.8
7.3
52.2
29.8
22.4
6.5

62.8
2.8
0.9
52.5
29.4
23.1
6.6

68.9
2.6
5.7
53.8
31.0
22.8
6.8

73.9
2.7
8.8
55.1
31.3
23.8
7.2

67.7
2.5
3.7
54.7
31.3
23.3
6.8

75.7
2.1
12.3
54.4
31.1
23.2
6.8

83.6
2.5
18.9
55.7
32.2
23.5
6.4

83.5
2.8
18.4
56.1
32.4
23.7
6.3

71.9
2.8
7.1
56.2
32.4
23.8
5.9

19
State and local
Durable goods
.
n 20
Nondurable goods
„.,.,..,. 21
22
Services
.. ..
.. ......
23
Compensation of employees.. .....
24
Other services
25
Structures
,

292.5
9.7
22.7
223.2
166.1
57.1
37.0

301.2
10.0
23.4
228.4
169.5
59.0
39.4

310.5
10.3
24.2
234.5
173.7
60.8
41.5

319.8
10.6
25.0
241.0
177.8
63.2
43.2

329.6
10.8
25.8
247.5
182.7
64.8
45.4

337.2
11.1
26.6
254.3
187.6
66.7
45.2

345.2
11.3
27.4
261.1
192.4
68.6
45.4

352.8
11.5
28.2
267.7
197.0
70.6
45.5

361.1
11.7
29.1
274.1
201.7
72.3
46.3

365.0
11.9
29.9
280.7
205.6
75.1
42.4

370.1
12.1
30.7
285.9
209.2
76.7
41.4

375.7
12.2
31.3
290.6
213.0
77.6
41.6

380.4
12.3
31.7
296.1
217.1
79.0
40.3

387.8
12.5
32.0
302.5
221.4
81.1
40.8

Government purchases of goods and services.
Federal
,
National defense
..- .........
Durable goods
Nondurable goods .....
Services
...
.. . ..........
Compensation of employees
Military
Civilian
Other services
.. . ... •
Structures
Nondefense
..
.
.
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
,
Structures

....

1

Table 3.8B.—Government Purchases of Goods and Services by Type in Constant Dollars
[Billions of 1972 dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1978

1979

1980

1981

1977

I
Government purchases of goods and serv- 1
ices.
Federal
,
National defense .,
.
Durable goods
Nondurable goods
Services
. .. ... ...
Compensation of employees
Military...
Civilian .
Other services
Structures
.,

„,..„

... . .

Nondefense
,
Durable goods . ,,
Nondurable goods
Services...,, ,
Compensation of employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures




,

.,

,
... ,

1978

II

III

IV

I

II

III

IV

265.2

269.2

274.6

278.3

284.6

287.1

265.6

269.0

270.8

271.4

270.4

273.6

276.8

277.7

2
3
4
5
6
7
8
9
10
11

96.8
64.9
15.0
2.3
46.1
32.3
19.4
12.9
13.8
1.6

100.4
65.4
16.5
2.2
45.1
32.0
19.2
12.7
13.2
1.6

100.3
65.7
16.2
2,2
45.6
32.2
19.0
13.2
13.4
1.6

102.1
67.4
17.7
2.2
46.1
32.0
18.7
13.2
14,2
1.4

106.5
70.1
18,3
2.4
47.9
32.2
18.9
13.3
15.7
1.5

110.4
73.5
19.7
2.6
49.9
32.8
19.3
13.5
17.1
1.4

97.6
65.5
16.9
2.2
44.7
32.0
19.3
12.7
12.8
1.7

100.2
65.9
17.0
2.2
44.9
31.9
19.2
12.7
12.9
1.8

102.2
65.8
16.4
2.4
45.5
32.0
19.3
12.8
13.5
1.5

101.8
64.5
15.6
2.1
45.4
32.0
19.2
12.8
13.4
1.4

98.8
64.1
15.5
2.0
45.3
32.1
19.1
13.0
13.2
1.3

99.0
66.0
16.4
2.3
45.6
32.2
19.0
13.2
13.3
1.8

101.1
66.4
16.4
2.6
45.7
32.3
19.1
13.3
13.4
1.7

102.4
66.2
16.6
2.1
46.0
32.2
19.0
13.2
13.8
1.5

12
13
14
15
16
17
18

31.8
0.9
2.2
25.8
16.3
9.5
3.0

35.0
1.1
4.4
26.4
16.6
9.8
3.1

34.7
1.4
1.9
28.0
17.0
10.9
3.4

34.8
1.3
1.3
29.1
17.0
12.1
3.1

36.4
1.6
2.1
29.6
17.3
12.3
3.1

36.8
1.3
4.1
28.4
16.9
11.5
3.1

32.1
1.0
2.2
25.9
16.5
9.4
3.0

34.3
1.1
4.0
26.2
16.6
9.6
3.0

36.4
0.9
5.8
26.4
16.7
9.7
3.2

37.3
1.2
5.8
27.3
16.8
10.5
3.1

34.7
1.5
2.2
27.8
16.9
10.9
3.2

33.0
1.4
0.1
28.2
17.1
11.1
3.3

34.7
1.2
2.1
27.8
17.1
10.6
3.6

36,2
1.4
3.3
28.1
17.0
11.1
3.4

19
20
21
22
23
24
25

168.4
5.6
10.7
129.6
97.8
31.8
22.5

168.8
5.6
11.2
131.6
99.1
32.5
20.4

174.3
5.8
11.8
134.9
101.9
33.0
21.9

176.2
6.1
11.8
137.9
104.1
33.9
20.4

178.1
6.1
11.3
140.1
105.9
34.2
20.6

176.7
6.0
11.4
140.7
106.3
34.4
18.6

168.0
5.6
11.0
130.6
98.3
32.2
20.9

168.8
5.5
11.1
131.0
98.4
32.5
21.2

168.6
5.5
11.3
131.8
99.3
32.5
20.0

169.6
5.6
11.5
132.9
100.1
32,8
19.6

171.6
5.6
11.6
134.0
101.2
32.8
20.4

174.7
5.7
11.8
134.7
101.7
33.0
22.5

175.7
5.8
11.9
135.3
102.2
33.1
22.7

175.3
5.9
12.0
135.5
102.5
33.0
21.9

SURVEY OF CURRENT BUSINESS

July

53

Table 3.8B.—Government Purchases of Goods and Services by Type in Constant Dollars—Continued
[Billions of 1972 dollars]
Seasonally adjusted at annual rates

Government purchases of goods and services.
Federal
National defense
Durable goods
Nondurable goods
Services .
Compensation of employees
Military
Civilian
Other services
Structures
Nondefense
Durable goods .
.
Nondurable goods
Services
Compensation of employees
Other services
Structures

...

State and local
Durable goods ...
.. ..
Nondurable goods
Services
Compensation of employees
Other services
Structures

1980

1979

Line

1981

1982

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

1

276.4

276.8

278.8

281.2

284.7

286.9

283.4

283.2

286.8

283.9

286.4

291.3

289.2

284.5

2
3
4
5
6
7
8
9
10
11

102.2
66.4
16.8
2.2
46.2
32.0
18.8
13.2
14.1
1.3

101.0
67.1
17.4
2.2
46.3
31.9
18.7
13.2
14.4
1.3

101.9
67.7
17.7
2.3
46.3
32.0
18.7
13.3
14.3
1.5

103.4
68.2
18.8
2.2
45.9
31.9
18.7
13.2
13.9
1.3

106.4
70.3
19.1
2.4
47.4
32.0
18.8
13.3
15.4
1.4

109.1
70.4
18.1
2.4
48.5
32.1
18.8
13.3
16.4
1.4

105.5
70.0
17.7
2.5
48.0
32.3
19.1
13.3
15.6
1.8

104.8
69.6
18.2
2.5
47.5
32.3
19.1
13.2
15.2
1.4

107.9
71.0
18.6
2.6
48.5
32.5
19.2
13.3
16.0
1.3

107.0
72.9
19.9
2.7
49.0
32.7
19.2
13.5
16.3
1.3

110.7
74.3
20.2
2.4
50.3
33.0
19.3
13.6
17.3
1.3

116.0
76.1
20.1
2.6
51.8
33.1
19.4
13.6
18.8
1.5

114.4
74.5
19.9
2.8
50.3
33.2
19.5
13.7
17.1
1.5

109.4
75.8
20.7
2.9
50.5
33.3
19.5
13.7
17.2
1.7

12
13
14
15
16
17
18

35.8
1.5
2.3
28.9
17.0
11.9
3.1

33.8
1.4
0.5
28.8
17.0
11.8
3.1

34.2
1.5
0.2
29.3
17.0
12.3
3.1

35.2
0.7
2.4
29.1
16.9
12.2
3.0

36.1
1.8
1.7
29.4
17.0
12.4
3.2

38.7
1.6
3.8
30.1
17.7
12.4
3.1

35.5
1.6
1.0
29.8
17.4
12.4
3.1

35.2
1.4
1.7
28.9
17.0
11.8
3.2

36.9
1.5
3.1
29.0
17.1
12.0
3.3

34.1
1.3
1.0
28.6
17.0
11.6
3.1

36.5
1.1
4.2
28.1
16.8
11.3
3.0

39.9
1.2
7.9
27.9
16.7
11.2
2.8

39.8
1.3
8.1
27.7
16.6
11.1
2.7

33.6
1.3
2.3
27.5
16.5
11.0
2.5

19
20
21
22
23
24
25

174.2
5.9
12.0
136.6
103.2
33.3
19.6

175.9
6.0
12.0
137.6
103.9
33.8
20.3

176.8
6.1
11.7
138.3
104.4
34.0
20.7

177.8
6.2
11.5
139.2
104.9
34.3
21.0

178.3
6.1
11.3
139.6
105.4
34.2
21.2

177.8
6.1
11.2
139.9
105.8
34.1
20.6

177.9
6.1
11.3
140.3
106.1
34.2
20.3

178.4
6.1
11.4
140.8
106.3
34.5
20.2

179.0
6.0
11.3
141.4
106.8
34.6
20.3

176.9
6.0
11.3
141.2
106.5
34.7
18.5

175.7
6.0
11.5
140.4
106.1
34.3
17.9

175.3
5.9
11.6
139.9
106.0
33.9
17.9

174.9
5.9
11.7
140.0
106.0
34.0
17.2

175.0
5.9
11.8
139.9
105.8
34.1
17.3

Table 3.9.—National Defense Purchases
[Millions of dollars]
Line
National
chases.

defense

1980

1981

92,825

100,273

111,839

131,360

153,732

2

18,623

22,304

24,059

28,998

33,557

40,082

3
4
5
6
7
8
9
10

14,347
5,945
2,160
2,481
1,145
1883
4276

17,224
6,859
2,232
3,297
1,016
1,168
2,652
5,080

18,794
7,161
2,578
3,459
1,362
1,363
2,871
5,265

22,850
9,148
3,151
3,738
1748
1,797
3,268
6148

26,710
10,950
3,692
4,276
1887
2,217
3,688
6,847

31,023
12,739
4,631
4,943
1745
2,664
4,301
9,059

11

4,656

4,971

5,459

6,589

10,694

12,597

12
13
14
15

2,721

2,898

676
477
782

870
467
736

3,186
1,095

3,994
1,339

7,583
1,558

8,950
1,849

464
792

662
891

1,057

16

60,387

63,119

68,250

73,768

84,071

98,047

17
18

40,940
23,987
16,953
19447
6,765

42,835
24,854
17,981
20 284
7,103

46,101
26,294
19,807
22,149
7,551

48,675
27,630
21,045
25093
8,298

53,228
30,493
22,735
30843
10,196

60,806
35,641
25,165
37241
11,763

1,099
1,785

1,298
2,190

1,561
2,610

2,080
2886

Nondurable goods
Bulk petroleum products ..
Ammunition
Clothing and textiles
Other nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Contractual research and
development.
Travel
Transportation .. ..
.. ..
Communications
...
Depot maintenance
Other




1979

85,964

Military equipment
Aircraft
Missiles
Ships
Vehicles
Electronics equipment
Other
Other durable goods

Military facilities
Other

1978

pur- 1

Durable goods

Structures

1977

1976

19
20
21

733

457
721

741

23
24
25
26

1,310
1,981

1,298
2,082

596

643

667

1,349
7,853

1,638
7,609

1,957
8,594

2,262
10 359

2825
12931

3310
16 338

27

2 298

2,431

2,505

2484

3038

3 006

28
29

1,559

1,595

1,644

739

836

861

1,667

2 141

817

897

1 983
1023

22

686

720

864

54

SURVEY OF CURRENT BUSINESS

July

Table 3.10.—National Defense Purchases in Constant Dollars
[Billions of 1972 dollars]
Line
National defense
chases.

1976

1978

1977

1980

1979

1981

pur- 1

64.9

65.4

65.7

67.4

70.1

73.5

2

15.0

16.5

16.2

17.7

18.3

19.7

3
4
5
6
7
8
9
10

11.6
51
19
17
0.5
1.0
15
3.4

127
53
19
20
07
09
20
38

12.6
48
20
20
09
10
20
36

13.8
5.5
20
20
10
12
21
39

14.4
58
21
20
10
13
22
3.8

15.1
6.1
22
22
0.8
15
23
4.6

11

23

22

22

22

24

2.6

12
13
14
15

0,9
0.4
04
06

0.9
0.5
03
05

0.9
0.6
0.3
04

0.8
0.7
0.3
04

0.9
0.7
0.4
0.4

0.9
0.8
0.4
0.5

16

46.1

45.1

45.6

46.1

47.9

49.9

32.0
187
13.2
14.2
4.7

32.2
189
13.3
15.7
5.2

32.8
193
13.5
17.1
5.3

0.8
1.2
0.6
1.3
5.6

0.8
1.2
0.6
1.5
6.3

0.9
1.2
0.6
1.6
7.5

Durable goods
Military equipment ,
Aircraft
Missiles
Ships
Vehicles
Electronics equipment
Other
Other durable goods,....
Nondurable goods
Bulk petroleum products
Ammunition
Clothing and textiles . ... ... .
Other nondurable goods ..
Services

17
Compensation of employees
18
Military
Civilian
.... 19
20
Other services ..
Contractual research and 21
development.
Travel
.....
.. . . 22
Transportation
23
Communications
24
25
Depot maintenance
26
Other

32.3
194
12.9
13.8
4.9

32.0
192
12.7
132
4.7

32.2
190
13.2
13.4
4.7

0.9
12
0.6
1.0
53

0.9
13
0.6
1.0
4.7

0.9
13
0.6
1.1
4.9

.... 27

1.6

1.6

1.6

1.4

1.5

1.4

1.0
0.5

0.9
0.4

1.1
0.4

0.9
0.4

Structures
Military facilities
Other

28
29

,

1.1
0.6

1.1
0.5

Table 3.11.—Government Transfer Payments to Persons
[Millons of dollars]
Line

1977

1976

1978

1979

1981

1980

Government
transfer 1
payments to persons.

186,353

199,289

214,592

239,991

285,847

323,939

2

158,761

169,570

181,804

204,959

246,210

280,941

3

121,539

132,187

142,132

160,286

192,282

222,846

4

74,501

83,239

91,380

102,581

118,586

138,689

5

18,366

21,704

24,851

29,238

35,582

43,310

6
7
g
9

14,809
14280
310
219

11,981
11,533
274
174

8,978
8,612
175
191

9,406
9100
163
143

15,761
15345
178
238

15,155
14667
222
266

10
11

3550
8,860

3783
9,929

3985
11,271

4313
12,951

4812
15,481

5304
18,163

12
13
14
15

8,723
137
936
517

9,768
161
980
571

11,094
177
1,031
636

12,740
211
1,080
717

15,230
251
1,222
838

17,883
280
1,314
911

16
17
18
19
20
. . 21

7,696
13,399
8,452
4345
602

8,503
12,802
9,189
3,145
468

9,428
12,812
9,713
2,823
276

10,649
13,333
10,636
2,411
286

12,480
13,766
11,373
2,042
351

14,021
14,755
12,520
1,924
311

22
23
24

4,598
981
975

4,394
972
680

4,585
1,038
163

6,332
1,724

8,214
1,751

10,097
1,725

25
26
27
28

4,631

4,743

4,920

5,321

5,906

6,550

908
4,034

902
4,387

880
5,846

822
6,492

1,326
10485

1,318
9,629

Federal

..

.... ...

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
Military retirement
Veterans benefits
Pension and disability
Unemployment
Other 2

Food stamp benefits
Black lung benefits
Special unemployment benefits.
Supplemental security income.
Direct relief
Earned3 income credit
Other
...

29

27,592

29,719

32,788

35,032

39,637

42,998

Benefits from social insurance
funds.
Government pensions ...... ......
Temporary disability insurance.
Workmen's compensation

30

11,292

12,489

14,144

15,838

17,802

20,160

31
32

9,581
511

10,544
570

11,960
622

13,304
695

15,002
780

17,000
910

33

1,200

1,375

1,562

1,839

2,020

2,250

Direct relief
General assistance.,
Other direct relief
Aid to families with dependent children.
Other categorical
public
assistance 4.

34
35
36
37

12840
1,229
11,611
10,053

13,440
1,238
12,202
10,574

13,617
1,205
12,412
10,699

14 068
1,230
12,838
10,999

15999
1,442
14557
12,409

16,995
1,460
15535
13,360

38

1,558

1,628

1,713

1,839

2,148

2,175

Other 5

39

3,460

3,790

5,027

5,126

5,836

5,843

State and local

1
Consists
2
Consists
3
Consists
4

..

largely of foreign service and Tennessee Valley Authority.
of mustering out pay, terminal leave pay, and adjusted compensation benefits.
largely of payments to nonprofit institutions and aid to students.
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 care payments.




SURVEY OF CURRENT BUSINESS

July

55

Table 3.12.—Subsidies Less Current Surplus of Government Enterprises
[Millions of dollars]
Line

1976

Subsidies less current surplus of government enterprises..
Federal

,

,

,

Subsidies
Less: Current surplus of government enterprisesWater and sewerage
Gas and electricity
Toll facilities
Liquor stores
Air and water terminals
Housing and urban renewal
Public transit
Other3.

1981

3,748

3,353

5,478

6,647

8,185

9,484

9,239

11,657

13,111

5,602
711
3,083
501
73
1,234
-210
-1,647
-185
190
465
967

7,512
1,764
3,513
526
83
1,626
-673
-2,062
-290
182
581
916

9,288
2,868
4,162
533
72
1,653
-196
-1,404
-848
192
655
1,209

9,215
1,179
5,225
574
77
2,160
-24
-1,303
-1,167
262
912
1,272

10,370
1,160
6,141
579
90
2,400
-1,287
-2,289
-1,730
405
1,105
1,222

12,194
1,623
8,010
550
117
1,894
-917
-1,259
-2,171
392
1,175
946

-4,839

~ 5,129

-5,736

-5,886

-6,179

-6,464

189
5,028
1,533
1,896
814
408
591
639
-1,192

210
5,339
1,480
2,077
848
421
696
670
-1,316
463

5,975
1,719
2,390
868
447
794
681
-1,556
632

327
6,213
1,952
2,603
847
506
891
592
-1,953
775

354
6,533
2,099
2,678
854
565
990
483
-2,084
948

402
6,866
2,282
2,785
840
559
1,082
826
-2,664
1,156

5,812

State and local..

1980

1979

3,056

973

,

Subsidies.,
Agricultural
Housing...
,
Maritime
,
,
Air carriers
........„„
,
,
Other1
Less: Current surplus of government enterprisesPostal Service
Commodity Credit Corporation
Federal Housing Administration
Tennessee Valley Authority
Other2.

1978

1977

1
Consists
2
Consists
3

largely of subsidies to exporters of farm products and to railroads.
largely of Federal Deposit Insurance Corporation, Federal Savings and Loan Insurance Corporation, and Bonneville Power Administration.
Consists of State lotteries, off-track betting, local parking, and miscellaneous activities.

Table 3.13.—Social Insurance Funds Receipts and Expenditures
[Millions of dollars]
Line

1976

1977

1978

1980

1979

1981

Federal
Receipts
Contributions for social insurance
Personal contributions
Employer contributions.,
Government and government enterprises
Other...

,

Interest received

,

,

Expenditures

,

Administrative expenses (purchases of goods and services)
Transfer payments to persons,
...„.
Surplus or deficit (-)

,

,.
,

,

1

113,687

125,908

145,453

168,968

185,169

217,639

2

106,502

118,501

137,165

159,488

174,067

204,312

3

49,696

54,686

62,822

73,618

81,132

96,353

4
5
6

56,806
11,691
45,115

63,815
12,764
51,051

74,343
14,119
60,224

85,870
15,904
69,966

92,935
17,431
75,504

107,959
20,084
87,875

7

7,185

7,407

8,288

9,480

11,102

13,327

8

125,550

136,349

146,713

165,177

197,577

228,618

9
10

4,011

4,162

4,581

4,891

121,539

132,187

142,132

160,286

5,295
192,282

5,772
222,846

11

-11,863

-10,441

-1,260

3,791

-12,408

-10,979

12

27,316

30,890

34,880

40,146

45,648

52,578

13

19,527

22,079

24,675

27,410

29,916
7,554

8,548

19,963
2,399

25,260
22,711
2,549

State and local
Receipts

,....,

.,

Contributions for social insurance

„...,

Personal contributions..

14

5,789

6,427

6,947

7,489

Employer contributions
Government and government enterprises
Other...
,

15
16
17

13,738
12,408

15,652
13,972

19,921
17,630

1,330

1,680

17,728
15,646
2,082

Interest and dividends received
Expenditures

.„
,

„..„...„.....

Adminstrative expenses (purchases of goods and services)
Transfer payments to persons
Surplus or deficit (-)....

,

.-.

•„

2,291

18

7,789

8,811

10,205

12,736

15,732

18,770

19

11,690

12,925

14,612

16,354

18,364

20,776

20
21

398

436

468

516

562

11,292

12,489

14,144

17,802

616
20,160

22

15,626

17,965

20,268

27,284

31,802

23,792

NOTE.—In this table interest and dividends received is included in receipts; in tables 3.1, 3.3, 3.15, 3.17, 3.19, and 9.4, interest received and dividends received are netted against expenditures.




56

SURVEY OF CURRENT BUSINESS

July

Table 3.14.—State and Local Government Social Insurance Funds Receipts and Expenditures
[Billions of dollars]
Seasonally adjusted at annual rates

1976

Line

Receipts

1977

1978

1979

1980

1981

1977

I

II

1978

IV

III

I

II

III

IV

1

27.3

30.9

34.9

40.1

45.6

52.6

29.5

30.4

31.4

32.2

33.1

34.1

35.4

36.9

2

19.5

22.1

24,7

27.4

29.9

33.8

21.1

21.8

22.4

23.0

23.6

24.2

25.0

25.9

Personal contributions

3

5.8

6.4

6.9

7.5

7.6

8.5

6.2

6.4

6.5

6.6

6.7

6.9

7.0

7.2

Employer contributions ... ,.,
.
Government and government enterprises
Other
.,

4
5
6

13.7
12.4
1.3

15.7
14.0
1.7

17.7
15.6
2.1

19.9
17.6
2.3

22.4
20.0
2.4

25.3
22.7
2.5

14.9
13.4
1.5

15.4
13.8
1.6

15.9
14.2
1.7

16.4
14.5
1.8

16.8
14.9
1.9

17.3
15.3
2.0

18.0
15.9
2.1

18.8
16.5
2.2

Contributions for social insurance ,

Interest and dividends received

,

7

7.8

8.8

10.2

12.7

15.7

18.8

8.4

8.7

9.0

9.2

9,6

9.9

10.4

10.9

8

11.7

12.9

14.6

16.4

18.4

20.8

12.4

12.7

13.1

13,5

13.9

14.4

14.8

15.2

0.4

0.4

0.5

0.5

0.6

0.6

0.4

0.4

0.4

0.4

0.5

0.5

0.5

0.5

11.3

12.5

14.1

15.8

17.8

20.2

12.0

12.3

12.6

13.0

13.5

14.0

14.4

14.8

15.6

18.0

20.3

23.8

27.3

31.8

17.1

17.7

18.3

18.8

19.2

19.7

20.6

21.6

Expenditures ...

Administrative expenses (purchases of goods and serv- 9
ices).
Transfer payments to persons
10
Surplus or deficit (— )

....

. . .. 11

Seasonally adjusted at annual rates

1979

Line

I
Receipts
Contributions for social insurance

1981

1980

II

III

IV

I

II

HI

IV

I

II

1982

IV

III

n

I

1

38.2

39.4

40.8

42.2

43.3

44.2

46.7

48.3

50.1

51.7

53.4

55.1

56.8

58.5

2

26.6

27.1

27.7

28.3

28.7

28.8

30.6

31.6

32.5

33.4

34.2

35.1

36.0

36.9

Personal contributions

3

7.3

7.5

7.6

7.6

7.4

6.8

7.9

8.1

8.3

8.5

8.6

8.7

8.9

9.1

Employer contributions
Government and government enterprises
Other

4
5
6

19.2
17.0
2.3

19.6
17.4
2.3

20.1
17.8
2.3

20.7
18.4
2.3

21.3
19.0
2.3

22.0
19.6
2.4

22.7
20.3
2.4

23.4
21.0
2.5

24.2
21.7
2.5

24.9
22.4
2.5

25.6
23.1
2.6

26.3
23.7
2.6

27.1
24.4
2,6

27.8
25.1
2.7

7

11.6

12.3

13.1

13.9

14.6

15.4

16.2

16.8

17.6

18.3

19.2

20.0

20.8

21.6

8

15.7

22.8

Interest and dividends received

16.1

16.5

17.0

17.5

18.1

18.6

19.3

19.8

20.5

21.1

21.7

22.3

Administrative expenses (purchases of goods and serv- 9
ices).
Transfer payments to persons
10

0.5

0.5

0.5

0.5

0.5

0.6

0.6

0.6

0.6

0.6

0.6

0.6

0.7

0.7

15.3

15.6

16.0

16.5

17.0

17.5

18.1

18.7

19.3

19.8

20.4

21.1

21.6

22.1

11

22.4

23.3

24.2

25.2

25.8

26.2

28.1

29.1

30.3

31.3

32.3

33.3

34.5

35.7

expenditures

Surplus or deficit ( )

NOTE.—In this table interest and dividends received is included in receipts; in tables 3.1, 3.3, 3.15, 3.17, 3.19, and 9.4, interest received and dividends received are netted against expenditures.

Table 3.15.—Government Expenditures by Function
[Millions of Dollars]
Line
Total 1
Central executive legislative and judicial activities
International affairs
Space .

....

*

. ... .....

..

Education

..

,.

.

.....

. ....

.

1976

1977

1979

1978

1980

1

574 938

623 255

681,105

750,755

871,184

2

19605

21408

24,121

27,006

30089

3

3440

3766

4,201

4,932

5,935

4

3,667

3,769

3,923

4,253

5,009

5

85,789

92,678

100,069

111,605

131,088

6

20,017

21,653

23,905

26,063

28,652

7

103,483

111,174

120,910

133,246

148,387

Health and hospitals

8

26,402

28,700

32,315

35,563

40,501

Income support, social security and welfare . .

9

184,661

199,225

213,906

239,095

284,992

•• 10

19,485

19,356

19,985

20,965

22,365

11

10,555

11,700

14,972

16,695

18,522

12

5,433

5,866

6,657

7,072

7,941

Energy

13

3,360

4242

6538

5,712

5,382

Agriculture

14

5731

9844

8331

6,391

9,548
7,215

Veterans benefits and services

••

Recreational and cultural activities .

,.

.

••••.

Natural resources .. ... ,

Postal service.....

,

5,078

5,482

27,382

28,676

32,401

36,303

40,974

, 17

2,207

2,455

1,776

1,696

2,700

.......

. 18

2,544

2,857

3,074

3,638

4,521

.

19

3674

4149

5,697

6,046

6,759

•• ••

20

616

774

-942

-1,153

1,347

.....

21

30085

32649

37,516

41,385

51,943

..... ... .. ... ... . 22

13274

14,784

16,489

17,460

19,968

Labor training and services
Commercial activities

Other and unallocable

4,760

16
,

Economic development regulation and services

Net interest paid 2

.,...,....,. 15

6,601

>
. . . .
.

•

•••
... .

...

. . . . .

••

1
Equals Federal government expenditures less grants-in-aid to State and local goverments plus State and local government expenditur< s. These data include employee compensation on a
disbursement basis. The estimates by function include employee compensation on an accrual basis. Wage accruals less disbursements (in million of dollars) is zero except as follows: 1978, 221; 1979,
-181; 1980, -40; 1981, 42.
2
Excludes interest received by State and local social insurance funds, which is netted against expenditures for the appropriate functions.




July

57

SURVEY OF CURRENT BUSINESS
Table 3.16.—Federal Government Expenditures by Type and Function
[Millions of dollars]

1977

1976

Line

Expenditures1

Purchases
of goods
and
services

Transfer
payments
and net
interest
paid

Grants-inaid to
State and
local
governments

Subsidies
less
current
surplus of
government
enterprises

Expenditures1

Purchases
of goods
and
services

Transfer
payments
and net
interest
paid

Grants-maid to
State and
local
governments

Subsidies
less
current
surplus of
government
enterprises

1

384 833

129,174

188 746

61,101

5,812

421,089

143,444

201,924

67,536

8,185

2
3
4
5
6

7,429
2714
2859
1331
525

6,616
2218
2859
1,177
362

160
2

650
491

3
3

275
155

—1
—1

154
5

7,181
2156
3194
1,391
440

80
15

158

7,535
2,295
3,194
1,506
540

95

115
5

.. 7
g
9

3440
1 137
2303

1,143
1 107
36

2,312
30
2282

3,766
1426
2340

1,445
1398
47

2,315
28
2287

10

3 740

3667

73

3841

3769

72

11
12
13
14
15

86,258
84805
76
1,529
152

85,964
84545
42
1,529
152

469
435
34

93,333
92771
' 82
589
109

92,825
92299
46
589
109

655
619
36

Civilian safety
Police
Fire
Correction

16
17
18
19

2,064
1409
9
646

1,444
1 146
9
289

4
4

1,569
1231
15

4
4

565
237

357

2,138
1472
15
651

Education
Elementary and secondary
Higher
General research and other

20
21
22
23

7643
3,172
2,460
2011

953
287
156
510

2,145
143
1,656
346

4,545
2,742
648
1 155

9,159
3,975
3,005
2179

994
298
159
537

2,663
154
2,179
330

5,502
3,523
667
1312

Health and hospitals

Total *
Central executive, legislative, and judicial activities...,
Central administration and management
Tax collection and financial management
Legislative and judicial activities
Other.
....
International affairs

.

Foreign economic assistance
Space
National defense ,
Military activities
Civil defense
Foreign military assistance
Other

...
..

— 15
15

-175
175

616
259

on*}

6
6

328

24

6,963

3,515

717

2,731

7,090

3,662

625

2,803

25
Income support social security and welfare
26
Retirement
27
Old age and survivors insurance
28
Government employees civilian
29
Government employees military
...
30
Railroad
.....
.....
31
Disability
32
Disability insurance (social security)
Government employees, civilian
33
Government employees, military
.... 34
35
Railroad
36
Other
37
Unemployment insurance
Regular
,
.... 38
39
Extended
40
Other
41
Medical care
Hospital and supplementary medical insurance (Medi- 42
care).
43
Medicaid
Welfare and social services.. . ... ...
.. ...
... ...
.... 44
45
Other

169,152
83,254
65921
7434
6,717
3182
14,300
10337
1,609
928
420
1006
17341
10,603
6,044
694
28 459
19,229

3,514
760
735

23,899

715
715

152,579
91,648
72 544
8274
7472
3,358
15,585
11313
1 867
978
450
977
12823
8,576
3,637
610
21,704
21,704

25,783

9,262
22

182,379
92,457
73316
8274
7,472
3,395
16,176
11888
1,867
978
455
988
14,373
10,126
3,637
610
32,584
22,443

4,017
809
772

841
841

141,739
82,494
65186
7434
6,717
3,157
13,822
9882
1609
928
417
986
15949
9,211
6,044
694
18366
18,366

1285
337

9520
1,588

9,230
12,697
371

10141
24,397
2,392

1,605
514

9,216
1,603

Veterans benefits and services
..
Disability and survivors compensation
Education
Insurance
.
.
.
. . .
Hospitals and medical care
Other

46
47
48
49
50
51

19,491
8575
4380
970
4,162
1404

4,908

14,503
8 575
4351
969

5,333

13,946
9320
3,169
987

Housing and community services
Urban renewal and community development
Housing
.
i
Water and sewerage

52
53
54
55

8935
3314
2647
2974

529
332
197

Recreational and cultural activities

56

1,271

851

4 010
2690
1 111
209

4379
2356
1 814
209

61
62
63
64
65

4,962
2268
688
671
1335

2,956
1528
152
322
954

66

2,818

2,246

67
68
69
70
71
72

12,862
6,369
1,908
2195
693
1,697

4,035
280
1,653
1936
104
62

73

2207

561

74
75
76
77

1464
1226
280
42

1,132
444
280
408

581
581

759
375
384

5,446
2,146
3300

Energy
Conservation and development of energy sources
Production and sale of power
Administration and regulation ...
Agriculture
.. . ...
Stabilization of farm prices and income
Financing farm ownership and utilities .
Conservation of agricultural resources
Other
, ..
Natural resources
Transportation
Jjiffhwavs
Water
Air
Railroad
Transit
Postal service

...

..

.

...

57
. . .... 58
59
60

.. ..
...

..

....
.. ... ....

Economic development regulation) and services
Economic development assistance
.

.

Other
Labor training and services ....
Training programs
Other
Net interest paid
Revenue sharing




,

,

9230
23,502
2,296

78
79
80

6,378
2,654
3724

81

26769

82

6977

25
241
218
3
20
50
50

29
1
4,114
764

608

237
237

1,342
1,342

81

48
33

i

5,909
2,935

2497
47
2,450

2974
234

186

25
5
5

190

5 161

498

74

3,404

2579

7,408
6,089
5
194
9
1,111

1,414
245
65
580
524

13 853
6143
2,149
2541
1 141
1879

4477
246
1,861
2079
230
61

1,646

2455

393

249
201

2461
2162
312
13

1 283
496
312
475

40
40

7,278
2,890
4388

916
366
550

29 096

6,975

8351

95

3 464
188
383
312
71
30

30
g
2
6

586
2
122
121
341

841
841

2,510
1 720
456
334

714

111

7 538
5,895
7
387
27
1,222

1830
275
75
884
596

2,062
1 478
1478

300
188
488

239
239

6,070
2,285
3785

29096
5

—4

4

944

5,866
4302
219
339
1006

10,141
13,576
275

2,906
35
2,871

1,322

8,992
6024
797
794
1377

10,165
24

6,483
3,019

149
149

1,342
669
444
229

1507
1,507

61
34

567
346
221

639
71
92
120
356

260
260

470

10,105
3,549
3,092
3464

3525
1402
234

450
133
133

33
1
4,564
735

764

26769
2

764

19,370
9320
3202
988
4,625
1235

5
11
43
43

5619
3213
2172
234

395
334
61
25

_i

37
331
315

-147
— 147

8346

53
53

58

SURVEY OF CURRENT BUSINESS

July

Table 3.16.—Federal Government Expenditures by Type and Function—Continued
[Millions of dollars]

1978

Line

Total1

Expenditures1

1979

Transfer
payments
and net
interest
paid

Purchases
of goods
and
services

Grants-inaidto
State and
local
governments

Subsidies
less
current
surplus of
government
enterprises

Expenditures1

Purchases
of goods
and
services

Transfer
payments
and net
interest
paid

Grants-maid to
State and
local
governments

Subsidies
less
current
surplus of
government
enterprises

1

461,032

153,587

220,746

77,261

9,484

509,726

168,343

251,588

80,510

9,239

2
3
4
.,.,.. 5
6

8,473
2,666
3,520
1,651
636

7,747
2,210
3,520
1,506
511

106

618
454

2
2

415
262

6
6

145
19

8,866
3,052
3,541
1,632
641

14
16

106

9,273
3,304
3,541
1,767
661

2

135
18

7
8
, 9

4,201
1,509
2,692

1,542
1,482
60

2,703
27
2,676

4,932
1,929
3,003

1,943
1,903
40

3,076
26
3,050

10

3,997

3,923

74

4,338

4,253

85

11
12
13
14
15

100,808
100,131
88
642
53

100,273
99,641
43
642
-53

739
694
45

112,444
111,578
98
815
47

111,839
111,014
57
815
-47

839
798
41

16
17
18
19

2,125
1,558
13
554

1,703
1,333
13
357

3
3

419
222

1,858
1,439
32
387

3
3

401
208

197

2,262
1,650
32
580

. . . 20
..... 21
22
23

10,107
4,434
3,236
2,437

1,026
280
170
576

3,003
154
2,462
387

6,078
4,000
604
1,474

12,075
5,254
4,129
2,692

1,127
305
208
614

3,720
174
3,113
433

7,228
4,775
808
1,645

......... 24

7,824

4,265

636

2,923

8,044

4,453

698

2,893

Income support, social security, and welfare..
. . „ , , , 25
Retirement
,.
26
Old age and survivors insurance
27
28
Government employees civilian
....
,
..
Government employees, military
29
30
Railroad
,
Disability
31
32
Disability insurance (social security)
Government employees, civilian
33
Government employees, military........
, ,
34
Railroad
35
Other ... . . . .
36
Unemployment insurance
,.
37
Regular
38
Extended
39
Other
.
. .
. . 40
Medical care ..... .
,
41
Hospital and supplementary medical insurance (Medi- 42
care).
Medicaid ...
..
.,
,
43
44
Welfare and social services
45
Other

197,096
101,892
80,581
9,392
8,356
3,563
17,569
12,886
2,116
1,029
471
1,067
11,550
9,460
849
1,241
36,839
25,821

4,303
891
872

28,541

952
952

186,128
113,945
89,804
10,806
9,499
3,836
19,285
13,523
2,418
1,104
506
1,734
10,054
8,879
221
954
29,238
29,238

30,740

11,044
26

221,448
114,848
90,677
10,806
9499
3,866
19,920
14,125
2,418
1,104
510
1,763
11,715
10,540
221
954
43,070
30,218

4,580
903
873

944
944

164,252
101,001
79,709
9,392
8,356
3,544
17,003
12,346
2,116
1,029
468
1,044
10,016
7,926
849
1,241
24,851
24,851

1,690
445

9,782
1,599

11,018
15,447
283

12,852
29,339
2,556

1,823
529

12,000
1,606

46
47
, . .... 48
49
50
51

20,003
9,851
2,879
1,038
5,115
1,120

5,899

14,011
9,851
2,846
1,037

6,292

14,594
10,788
2,434
1,086

52
53
54
55

10,576
3,653
3,688
3,235

Recreational and cultural activities

56

Energy
Conservation and development of energy sources

Central executive, legislative and judicial activities
Central administration and management
Tax collection and financial management
Legislative and judicial activities.,
Other
.. ...
International affairs
Conduct of foreign affairs and informational activities
Foreign economic assistance..
Space
National defense
Military activities
Civil defense
Foreign military assistance
Other

,

Civilian safety
Police
Fire
Correction

,.
,

.„

,

. .....

Education...
,.
Elementary and secondary
Higher
General research and other
Health and hospitals

..

..

..

,
...

........

Veterans benefits and services
Disability and survivors compensation
Education....
,.
,. ..... .
Insurance
Hospitals and medical care
Other
,.

..

.

11,018
26,919
2,327

19
279
253
3
23
54
54

33
1
5,056
809

44
44

-204
-204

287
287

1,480
1,480.

98

-5

277

59
39

5

643
407
236

140
140

6,241
3,006

3,552
100
3,452

1,535

1,041

239

57
58
59
60

7,287
5,534
1,470
283

7,783
5,130
2,370
283

61
62
63
64
65

7,484
4,214
982
809
1,479

2,493
778
268
375
1,072

Natural resources

66

3,832

3,022

Transportation
Highways
Water
Air
Railroad
Transit

....

67
68
69
70
71
72

15,405
6,563
2,422
2,896
1,183
2,341

5,004
254
2,122
2,239
332
57

Postal service

.

Housing and community services
Urban renewal- and community development
Housing
Water and sewerage.. ..

..

,.

Administration and regulation
Agriculture

.

...

Financing farm ownership and utilities
Conservation of agricultural resources .
Other

...

..

Economic development regulation and services
Economic development assistance
.
Other
Labor training and services
Training programs
Other
...

.
..

••

Net interest paid...
Revenue shading,.,..




, ..„.„...„.,

,

....

73

1,776

372

74
75
76
77

4,919
4,614
333
-28

1,365
501
333
531

78
.. 79
80

10,727
4,203
6,524

1,176
646
530

81

35,180

82

7,723

6
6

-985

7,063
4,599
2,132
332

728
31
208
123
366

4,222
3,405
506
311

5,488
1,861
1,258
790
1,579

1,620
-254
306
436
1,132

759

51

4,719

3,822

8,542
6,309
6
595
38
1,594

1,853

17,846
8,175
2,779
2,889
1,332
2,671

5,528
270
2,508
2,311
373
66

1,404

1,696

393

3,949
3,949

-395
164

3,151
2,637
351
163

1,576
515
351
710

10,491
4,667
5,824

1,458
774
684

35,180
7

33
33

6,863

111

4,038

6

-5

279
634
530
104

1,199

52

808

52

290
123
395

3,008
2,115
662
231

16
9
7

1199

844

53

10,197
7,896
4
517
60
1,720

2,105
260
61
899
885

1,303
1,881
1,880
1
553
553

8,477
3,340
5,137

42,399

42,399
7,716

12,852
15,516
421

-5

6,498
5,129
1,037
332

9,092
3,131
5,961

12,880
28

4,592
327
4,265

205

288
62
813
690

1,612
1,612

7,821
3,783

1,049

985

311
311

60
51

1,533

255

234
-234

286
158
158

559
426
426

33
1
5,417
841
617
426
191

489
404
85

41

4
29
49
49

-87

193

13,188
4,694
4,456
4,038

3,235

41

20,992
10,788
2,467
1,087
5,477
1,173

30
324
291

-87

6,857

306
242

-548
3
3

July

SURVEY OF CURRENT BUSINESS

59

Table 3.16.—Federal Government Expenditures by Type and Function—Continued
[Millions of dollars]

1980

Line

Total1

Expenditures1

Purchases
of goods
and
services

1981

Transfer
payments
and net
interest
paid

Grants-maid to
State and
local
governments

Subsidies
less
current
surplus of
government
enterprises

Expenditures1

Purchases
of goods
and
services

Transfer
payments
and net
interest
paid

Grants-inaid to
State and
local
governments

Subsidies
less
current
surplus of
government
enterprises

1

602,092

197,180

304,580

88,675

11,657

688,189

228,947

358,484

87,689

13,111

2
3
4
5
6

10811
4,049
3837
1916
1009

10,254
3,738
3837
1791
888

84
-16

468
322

5
5

463
364

7
7

125
21

10,343
3,363
4092
1,866
1,022

31
-14

100

10,782
3,720
4092
1941
1,029

-17

75
24

7
International affairs
Conduct of foreign affairs and informational activities . . . 8
9
Foreign economic assistance
,
.

5,935
1966
3,969

1,989
1,934
55

3,962
32
3,930

6,231
2,006
4,225

2,009
1,972
37

4,242
34
4,208

..

Central executive legislative and judicial activities
Central administration and management
Tax collection and financial management
Legislative and judicial activities
Other

Space
National defense
Military activities
Civil defense
Foreign military assistance
Other
Civilian safety
Police
Fire
Correction

. .

.

..

.

.

Education
Elementary and secondary
Higher
General research and other

.

..

.

16
-16

10

5,127

5,009

118

11
12
13
14
15

132,098
130,835
155
1 147
-39

131,360
130,142
110
1,147
-39

1,010
965
45

16
17
18
19

2,378
1,770
44
564

2,004
1,575
44
385

3
3

371
192

20
21
22
23

14139
5,738
5,488
2913

1,273
362
222
689

4,986
138
4,377
471

20
-20

5,746

5,611

135

154,581
153,324
144
1 108
5

153 732
152,518
101
1108
5

1 131
1,088
43

2,080
1,647
43
390

2
2

238
116

179

2,320
1,765
43
512

7,880
5,238
889
1753

15,347
5,666
6,685
2996

1444
312
221
911

6,033
145
5,405
483

7870
5,209
1,059
1602

272
-272

122

Health and hospitals

24

9,428

5,414

761

3,253

10,068

5,878

726

3,464

Income support, social security, and welfare
Retirement
Old age and survivors insurance
Government employees civilian
.....
Government employees, military
Railroad
Disability
.
...
. . .
Disability insurance (social security)
Government employees civilian
Government employees military
Railroad
Other
Unemployment insurance
.
Regular
Extended
Other
Medical care
Hospital and supplementary medical insurance (Medicare).
Medicaid
Welfare and social services
Other

25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42

266,541
133,460
105 059
12,961
11,126
4314
22381
15,909
2863
1245
570
1794
20357
15,782
1,594
2981
50965
36,705

5,311
917
884

35,950

1257
1,257

258,146
155,232
122 749
15,189
12,576
4718
23970
16,911
3358
1335
622
1744
16274
13,429
1,238
1,607
43,310
43,310

39,852

14290
30

303,306
156,187
123 656
15,189
12,576
4766
24789
17,675
3358
1335
628
1793
18370
15,525
1,238
1607
61,734
44,601

5,308
955
907

1,093
1,093

225,280
132,543
104 175
12,961
11,126
4281
21691
15,254
2863
1,245
565
1764
18326
13,751
1,594
2981
35,582
35,582

43
44
45

14,260
35674
3704

2166
759

14906
2232

14,260
18602
713

17,133
38322
3904

2033
660

17 064
2,296

Veterans benefits and services
Disability and survivors compensation
Education
,
Insurance
Hospitals and medical care
Other

46
47
48
49
50
51

22 388
11538
2,097
1,230
6243
1280

7 104

15180
11538
2,061
1,229

7697

16267
12696
1,939
1,321

52
53
54
55

14649
5,216
5135
4298

,

Housing and community services
..... ..
Urban renewal and community development
Housing
Water and sewerage
,

33
330
295
5
30
46
46

36
1
6177
890

360
360

1985
1,985

109

5

484
388
96

167
167

8,836
4,538

5,162
123
5039

15,662
5,093
6799
3,770
1,939

1 179

1,467
— 1,467

10,863
8970
1,182
711

11,329
8029
2,589
711

3,584
2639
695
250

12,145
8032
1420
801
1,892

6,696
4458
356
497
1,385

992

10

5,877

4,804

12,092
9,374
2
585
53
2078

2,616

20,496
8,874
3,363
3136
1,307
3816

6,483
306
3,024
2,657
423
73

4298

56

1764

1076

313

375

57
58
59
60

6,857
4732
1,427
698

7,361
3,890
2,773
698

2
2

961
840
121

Agriculture
Stabilization of farm prices and income
Financing farm ownership and utilities
Conservation of agricultural resources
Other

61
62
63
64
65

8,477
4632
1,345
820
1,680

4,024
1993
345
495
1,191

59

810

59

305
75
430

,

66

5,143

4,141

. .

67
68
69
70
71
72

20,849
9,668
3,083
3,242
1,333
3523

6,125
282
2,810
2,579
368
86

Postal service......

73

2,700

412

Economic development, regulation, and services
Economic development assistance..
,
Regulation of commerce and finance
Other

74
75
76
77

3,127
1,932
390
805

2,173
438
390
1,345

Labor training and services
Training Drotrrams
Other

78
79
80

9720
5,546
4 174

1,659
904
755

Net interest paid

81

53 137

Revenue sharing

82

6,824

1

...

..

. . . . .

39
1
6701
956

66
43

Energy
Conservation and development of energy sources
Production and sale of power
,
Administration and regulation .

Transportation
Highways
Water
Air.
Railroad
Transit

24062
12696
1978
1,322
6,775
1,291

6
49
46
46

352

Recreational and cultural activities..

Natural resources

5

48
357
302

16
12
4

630
630

2,288

1,770

512

267
275

2

542

2,549
1,555
383
611

1,713
523
383
807

7,412
4,012
3400

19

8,028
5,262
2766

1,644
893
751

19

71,876
6,817

4,583

462
462

2050
2,050
17167
34
17,133
19 225
948
101

—3

311

74
27

-3

158
158

8,223
4,453

6,802

3770

1,221
1,219

53,137
7

267
78
912
1359

479
482
3

282
-282

414

6802

346

1,085
941
144

1551

53

785

53

247
84
454

4611
3574
817
220

12
8
4

1 551

1,067

6

11,679
8,560
1
372
44
2702

2,322
334
107
840
1 041

1,258

586
586

857
855

21
177

2

198

5816
3,783
2033

18

18

71,876
6

4,577

Total expenditures include employee compensation on a disbursement basis. Expenditures by type and function include employee compensation on an accrual basis. Wage accruals less
disbursements (in millions of dollars) is zero except as follows: 1978, 46; 1979, -46; and 1981, 42.




60

SURVEY OF CURRENT BUSINESS

July

Table 3.17.—State and Local Government Expenditures by Type and Function
[Millions of dollars]
19're

Line

Total l...

Expenditures1

19 77

Purchases
of goods
and
services

Transfer
payments
and net
interest
paid less
dividends

Subsidies
less
current
surplus of
government
enterprises

23,119

4,839

Expenditures1

19'JS

Purchases
of goods
and
services

Transfer
payments
and net
interest
paid less
dividends

Subsidies
less
current
surplus of
government
enterprises

24461

5 129

Expenditures1

Purchases
of goods
and
services

Transfer
payments
and net
interest
paid less
dividends

Subsidies
less
current
surplus of
government
enterprises

24919

5736

1

251,206

232,926

269,702

250 370

297,334

278 326

Central executive, legislative, and judi- 2
cial activities.
Administrative, legislative, and judi- 3
cial activities.
Tax collection and financial manage- 4
ment.

12,826

12,826

14,148

14,148

16,266

16266

6,320

6320

6,873

6,873

7692

7692

6,506

6506

7,275

7,275

8,574

8574

Civilian safety
Police
Fire
Correction

5
6
7
8

18,569
10,247
4,323
3999

18,569
10,247
4323
3999

20,080
11,112
4,555
4,413

20,080
11,112
4,555
4413

22,199
12,111
5,007
5,081

22 199
12,111
5,007
5081

Education
Elementary and secondary
Higher
Libraries
Other

9
10
11
12
13

100,385
71403
22,607
1,338
5037

98,646
71403
22,607
1,338
3298

105,635
76349
24,266
1513
3507

1,882

116,881
83408
26,261
1516
5696

114 799
83408
26,261
1516
3614

2082

1739

107,517
76349
24,266
1,513
5389

Health and hospitals
Health
Hospitals

14
15
16

22,170
5,279
16,891

22,097
5,252
16,845

73
27
46

24,413
5,981
18,432

24,321
5,949
18,372

92
32
60

27414
6,852
20,562

27,312
6,814
20,498

102
38
64

Income support, social security, and 17
welfare.
18
disability.
Workmen's compensation and tempo- 19
rary disability insurance.
Medical care
20
21
Welfare and social services

39,408

22,369

17,039

42,629

24,689

17,940

45,351

26,917

18,434

2319

213

2106

2325

217

2108

2484

231

2253

1582

185

1397

1789

219

1570

1923

237

1686

14,416
21091

14164
7807

252
13284

15,708
22807

15439
8814

269
13993

16852
24092

16576
9873

276
14219

22

75

43

32

81

46

35

80

50

30

Housing and community services
23
Housing community development and 24
urban renewal.
Water
25
Sewerage
26
Sanitation. ...
. . . 27

7,529
85

9701
554

2172
639

8,078
80

10228
750

2150
670

10,637
304

13037
985

2400
681

429
5,290
1895

1830
5,422
1,895

1401
-132

553
5,414
2,031

2022
5,425
2031

1469
11

1266
6,759
2,308

2928
6,816
2308

1662
-57

4,732

4,732

5,377

5,377

— 1,896
122
1774

— 536
92
444

1,541
45
1496

2,077
137
1940

— 260
90
170

2,130
74
2056

Veterans benefits and services

Recreational and cultural activities 2

28

4,348

4,348

Energy
Gas utilities
Electric utilities

29
30
31

—255
51
306

1,641
173
1468

Agriculture

32

1408

1384

Natural resources

33

2,440

2440

34
35
36
37
38

21,928
19490
57
— 146
2527

21,952
20304
204
298
1 146

Transportation
Highways
Water
Air
. .
Transit and railroad

....

services.

39

1 661

1 661
1 846

40

2742

Commercial activities
Publicly-owned liquor store systems
Government-administered lotteries and
parimutuels.
Other
,

41
42
43

616
433
596

131
25

44

413

156

Net interest paid 3

45

3,316

Other and unallocable

46

13 272




1,739

24

24
814
147
444
1381

896
747
—408
596
257

3,316
13272

1 438

1 413

2,388

2388

22,361
19782
18
19
2616

22,379
20630
160
499
1090

1,874

1874

2 941

2 007

—774
—424
—742

110
3

392

113

3,553
14,779

1,882

25

18
848
178
518
1526

934
884
421
742
279

3,553
14779

1 575

1 548

2,409

2409

25,538
22,559
36
49
2,966

25,405
23427
182
625
1,171

2,104

2,104

4 Q62

2,154

-942
433
899

137
14

390

123

2,336
16482

2082

—2,390
164
2226
27

133
868
218
576
1,795

1,908
— 1,079
-447
-899
267

2,336
16482

61

SURVEY OF CURRENT BUSINESS

July

Table 3.17.—State and Local Government Expenditures by Type and Function—Continued
[Millions of dollars]
19 79

Line

Expenditures1

Purchases of
goods and
services

1980

Transfer
payments and
net interest paid
less dividends

Subsidies less
current surplus
of government
enterprises
—5,886

1

321,539

306,008

21,282

Central executive legislative and judi- 2
cial activities.
Administrative legislative, and judi- 3
cial activities.
Tax collection and financial manage- 4
ment.

18 148

18 055

93

8718

8718

9430

9,337

5
6
7
8

24202
13 101
5,401
5700

24,202
13101
5,401
5700

9
10
11
12
13

128,399
91758
28,875
1,755
6011

126,165
91758
28,875
1755
3777

2,234

14
15
..„ 16

30,412
7772
22,640
48 387

Total *

Civilian safety
Police
Fire....
Correction

,

,

,.
...

Education
Elementary and secondary
Higher
Libraries
.... ...
Other

,, .

Health and hospitals . .
Health
Hospitals

Expenditures1

Purchases of
goods and
services

Transfer
payments and
net interest paid
less dividends

Subsidies less
current surplus
of government
enterprises

22,711

—6,179

357,767

341,195

19 746

19746

9,939

9939

9807

9807

26 645
14291
5866
6488

26 645
14 291
5866
6488

2234

142,128
101 679
32,169
1831
6449

139,703
101 679
32,169
1,831
4024

2425

30,303
7726
22,577

109
46
63

34,326
8719
25,607

34,213
8665
25,548

113
54
59
19 589

93

2,425

30270

18,117

54401

34812

18

1 511

249

1262

439

269

170

19

2107

267

1840

2193

293

1900

20
21

19,015
25,754

18,715
11039

300
14715

22,173
29596

21847
12403

17 193

84

58

26

86

62

24

11,328
668

13,872
1260

2,544
592

12,709
1223

15,291
1706

2,582

996
7,287
2377

2799
7,436
2,377

1803
-149

1741
7,129
2,616

3614
7,355
2616

1873
-226

28

5,818

5,818

6,552

6,552

29
30
31

152
60
92

2,451
140
2311

2,603
200
2403

— 514

2,164

94
420

143

237

2021

2441

Agriculture

32

1 711

1 681

1 881

1 847

Natural resources

QO

2726

2,726

Transportation
Highways
Water.,
. . ,. ....
Air
Transit and railroad

34
35
36
37
38

28654
25024
-88
167
3,551

28,112
25871
156
814
1,271

Economic development, regulation and 39
services.

2368

2368

Labor training and services

40

4032

2 345

Commercial activities
Publicly-owned liquor store systems
Government-administered lotteries and
parimutuels.
Other

41
42
43

1 153
514
1036

128
g

44

397

136

Net interest paid 3.....

45

— 1,014

. . 46

17454

Income support social security and
welfare.
Government employees retirement and
disability.
Workmen's compensation and temporary disability insurance.
Medical care .,
Welfare and social services
Veterans benefits and services . . . ..

22

Housing and community services
23
Housing community development and 24
urban renewal.
25
Water
26
Sewerage
27
Sanitation
Recreational and cultural activities
Energy
Gas utilities
Electric utilities

Other and unallocable
1

2

.

,

17

30

542
847
244
647
2,280

1 687

1281
506
1036
261

1,014
17,454

3064

3064

32,217
28204

31,623
29058

-83
106

182
831

3,990

1,552

2615

2615

4451

2731

1347

166
4

561

326

483

—2,678

34

594
854
265
-725
2,438

1,720
-1,513

565
-1,225

1225

439

19,961

277

162

1,194

1 194

19,961

Total expenditures include employee compensation on a disbursement basis. Expenditures by type and function include employee compensation on an accrual basis. Wage accruals less
disbursements (in millions of dollars) is zero except as follows: 1978, 175; 1979, -135; and 1980, -40.
2
Prior to 1968, State government recreational expenditures are included in natural resources.
3
Excludes interest received by social insurance funds, which is netted against expenditures for the appropriate functions.




62

SURVEY OF CURRENT BUSINESS

July

Table 3.18B.—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
Line

1976

1977

Calendar quarters not seasonally adjusted

1979

1978

1977

1980

I

II

1978
HI

I

IV

II

III

IV

Receipts
, .... 1

300.0

356.9

402.0

465.9

520.1

602.6

79.0

110.5

91.3

84.5

85.4

125.3

106.8

99.5

2

0.8

0.9

0.9

1.1

1.2

1.1

0.2

0.2

0.2

0.2

0.2

0.3

0.2

0.2

3

0.0

0,0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Plus: Netting differences:
Contributions to government 4
employees retirement funds.
5
Other2

5.8

6.3

7.1

7.7

8.6

9.7

1.6

1.6

1.6

1.7

1.8

1.8

1.8

1.9

2.5

3.7

3.0

3.6

4.1

4.7

1.3

1.0

0.8

0.7

0.8

0.8

0.8

0.8

5.9
0.7

-1.7
0.5

0.9
0.5

2.3
0.2

-6.1
0.4

-2.4
-0.3

0.4
3.7

3.9
-1.0

2.8
-0.3

1,0
4.3

4.3
-1.6

4.8
-0.6

1.0

0.9

1.6

2.0

-0.5

-0.8

1.8

0.7

-0.5

-0.9

2.3

0.8

-0.6

-0.6

02
0.0

01
0.3

01
0.2

-0.1
0.3

06
0.2

2.1
0.3

0.0
0.1

0.0
0.1

01
0.0

01
0.0

0.1
0.1

0.1
0.1

02
0.1

01
0.1

11

0.1

0.0

0.0

0.0

0.1

0.0

0.0

0.0

0.0

0.0

01

0.1

0.0

0.0

Equals: Federal Government receipts, 12
national income and product accounts.

314.9

365.9

414.3

480.8

525.1

614.7

87.7

103.5

95.8

88.2

95.4

119.5

111.2

105.5

Unified budget receipts
Less" Coverage differences *
Financial transactions

Timing differences:
Corporate income tax
6
Federal and State unemploy- 7
ment insurance taxes.
Withheld personal income tax 8
and social security contributions.
9
10
Other
Miscellaneous 3

-8.3
-1.8

-7.2
-1.9

Expenditures
Unified budget outlays

13

365.6

401.9

450.8

493.2

579.0

660.5

97.6

101.8

103.4

113.3

111.2

111.3

114.9

123.2

Less: Coverage differences:
4
Geographic
Other5

14
15

2.8
-8.9

3.1
-8.9

3.5
-10.2

3.9
12.2

4.4
-14.1

4.5
-20.6

0.8
-4.3

0.8
0.1

0.8
-5.0

0.8
-1.3

0.9
-3.6

0.9
-2.2

0.9
-3.1

0.9
-0.1

Financial transactions:
Net lending
... . . 16
Net purchases of foreign curren- 17
cy.
18
Other

11.0
0.0

10.3
0.0

20.0
0.0

20.4
0.0

25.5
0.0

28.6
0.0

2.9
0.0

0.9
0.

4.6
0.0

4.9
0.0

5.6
0.0

3.2
0.0

6.3
0.0

4.2
0.0

0.1

03

06

02

05

0.2

01

01

01

0.0

02

-0.1

19
20

-1.3
0.3

-1.6
0.2

-1.2
0.4

19
0.4

-2.8
0.4

-7.8
0.2

0.0
0.0

03
0.0

-0.9
0.0

-0.4
0.0

0.0
0.0

-0.8
0.0

0.0
0.2

-0.3
0,1

Plus: Netting differences:
Contributions to government 21
employees retirement funds.
22
Other 2

5.8

6.3

7.1

7.7

8.6

9.7

1.6

1.6

1.6

1.7

1.8

1.8

1.8

1.9

2.5

3.7

3.0

3.6

4.1

4.7

1.3

1.0

0.8

0.7

0.8

0.8

0.8

0.8

0.6

1.9

0.7

1.1

-0.9

-2.0

0.6

0.1

0.3

0.4

-0.3

0.3

1.1

0.0
0.0
-0.1

02
0.2
-0.1

03
0.1
0.4

06
0.8
0.1

08
-0.1
-0.1

-1.6
01
0.1

0.2
0.2
-1.2

01
0.0
-0.5

0.0
0.4
0.4

-0.2
0.2
-0.2

0.1
1.1
0.5

01
-0.9
0.1

Net purchases of land:
Outer Continental Shelf
Other
,

Timing differences:
Purchases of goods and services 23
(increase in payables net of
advances).
24
Transfer payments
25
Subsidies less current surplus of 26
government enterprises.
Miscellaneous 6 . .

-0.1
-0.1
0.0
0.3

-0.1
-0.8
-0.4

-0.3

-0.1

27

0.4

0.3

0.6

0.1

0.2

0.4

0.0

0.0

0.1

0.2

0.1

0.2

0.1

0.0

Equals: Federal Government expendi- 28
tures, national income and product
accounts.

370.7

411.2

450.4

495.6

577.0

666.5

101.1

102.6

106.6

110.8

111.5

112.6

115.4

121.4




63

SURVEY OF CURRENT BUSINESS

July

Table 3.18B.—Relation of Federal Government Receipts and Expenditures in the National Income and Product Accounts to the Unified Budget,
Fiscal Years—Continued
[Billions of dollars]
Calendar quarters not seasonally adjusted

1979

Line
I

1981

1980
I

IV

III

II

II

I

IV

III

II

IV

III

Receipts
1

102.1

144.4

119.9

114.0

114.6

156.2

2

0.3

0.3

0.3

0.3

0.3

0.3

0.2

3

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Plus: Netting differences:
Contributions to government 4
employees retirement funds.
Other 2
5

1.9

1.9

2.0

2.2

2.1

2.1

2.2

1.0

0.9

0.9

1.0

1.1

1.0

0.9

6
7

3.4
4.6

93
-2.3

3.3
-1.5

2.8
-0.6

2.6
4.2

13 3
-1.9

8

2.0

0.7

-0.1

-0.8

1.9

0.4

9
10

0.0
0.1

0.1
0.1

-0.1
0.0

0.7
0.1

0.7
0.0

Unified budget receipts
Less* Coverage differences

1

Financial transactions

Timing differences:
Federal and State unemployment insurance taxes.
Withheld personal income tax
and social security contributions.
Excise taxes ..
Other
3

01
0.0

127.0

156.7

147.2

0.3

0.3

0.2

0.0

0.0

0.0

2.4

2.3

2.5

2.8

1.5

1.2

0.9

1.2

1.8
-1.4

15
-0.1

-0.3

-2.5

135.2

183.7

0.2

0.3

0.0

0.0

2.4
1.0

1.9
-1.3

3.7
-0.7

3.9
4.1

-1.9

-1.0

135.2

05
0.0

1.4
0.3

-11.8
-2.3

-0.4

0.9

0.9
-0.2

0.3
0.1

05
0.1

0.5
0.1

11

0.0

0.0

0.0

0.1

0.1

0.0

0.0

0.0

0.0

-0.1

0.

0.0

Equals: Federal Government receipts, 12
national income and product accounts.

115.0

136.1

124,3

118.3

127.1

143.5

136.3

133.9

147.3

174.0

159.5

147.4

Miscellaneous

..

Expenditures
Unified budget outlays

13

122.6

123.0

124.4

138.5

141.5

148.2

150.8

160.6

167.3

167.4

165.3

195.4

Less: Coverage differences:
4
Geographic
.. .
Other 5

14
15

1.0
-3.0

1.0
-5.1

1.0
-4.1

1.1
-0.9

1.1
-3.8

1.0
-4.6

1.2
-4.7

1.1
-2.1

1.1
63

1.1
55

1.2
68

1.2
34

Financial transactions:
16
Net lending
Net purchases of foreign curren- 17
cy.
Other
,
,
18

5.9
0.0

6.0
0.0

4.4
0.0

4.9
0.0

7.0
0.0

8.3
0.0

5.3
0.0

5.2
0.

9.7
0.0

8.2
0.0

5.6
0.0

4.5
0.0

0.1

0.0

02

0.0

-0.3

0.1

-0.2

01

01

0.5

0.0

0.1

19
20

-0.7
0.1

-0.2
0.1

08
0.1

-1.6
0.1

-0.8
0.1

0.1
0.1

-0.6
0.1

-3.1
0.0

0.0
0.0

-1.4
0.0

33
0.0

-1.1

Plus: Netting differences:
Contributions to government 21
employees retirement funds.
Other2...
,. 22

1.9

1.9

2.0

2.2

2.1

2.1

2.2

2.4

2.4

2.3

2.5

2.8

1.0

0.9

0.9

1.0

1.1

1.0

0.9

1.0

1.5

1.2

0.9

1.2

0.0

-0.9

-0.2

0.7

-0.6

0.0

02
-1.4
-0.2

02
1.5
-0.1

02
0.0
-0.1

-0.3
-0.1
0.3

04
-1.7
-0.3

Net purchases of land:
Outer Continental Shelf
Other

Timing differences:
Purchases of goods and services
(increase in payables net of
advances).
Interest
Transfer payments
.....
Subsidies less current surplus of
government enterprises.
Miscellaneous 6 .

23

0.0

24
25
26

-0.3
0.1
0.7

27

0.0

Equals: Federal Government expendi- 28
tures, national income and product
accounts.

122.5

-0.1
-0.3
0.0
-0.6
0.1

123.2

0.0
1.7
-0.1




-0.9

-0.2
1.6
-0.2

05
-0.2
-0.1

0.2

-0.6

-0.5
0.1
0.7

-0.5
-14.0
-0.7

0.0

0.0

0.1

0.1

0.0

0.1

0.1

0.1

0.1

0.0

128.5

135.5

142.6

146.8

152.0

160.7

166.9

166.3

172.7

182.3

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
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,
6

Consists largely of net expenditures of foreign currencies.

-1.3

0.0

income and product accounts.
and net purchases of silver and minor coin metal.

64

SURVEY OF CURRENT BUSINESS

July

Table 3.19.—Relation of State and Local Government Receipts and Expenditures in the National Income and Product Accounts to Bureau of Census
Governmental Finances Data, Fiscal Years
[Billions of dollars]
Line

1976

1977

1980

1979

1978

Receipts
Census total revenue *

1

304.7

337.9

371.6

404.9

451.5

Less: Coverage differences:
Unemployment insurance fund contributions and earnings
Certain grant programs

2
3

16.6
-3.8

15.3
-3.4

13.2
-6.5

12.9
-6.2

13.5
-6.2

Financial transactions

4

1.1

0.9

0.8

1.1

1.1

Sale of land

5

0.3

0.4

0.4

0.4

0.8

6
7
8
9
10

25.2
7.9
12.8
-7.2
0.8

28.2
8.3
13.9
-8.2
1.0

32.3
9.2
15.8
-9.3
1.5

36.6
10.4
21.2
-10.0
1.8

41.6
11.3
29.0
-11.7
2.1

11
12
13

-1.0
1.4
0.6

-1.1
0.8
0.6

-0.4
0.5
0.3

-1.2
1.0
0.9

-1.1
0.4
0.1

Netting and grossing differences:
Enterprise current operating expenditures plus current surplus
Government sales
Interest received 2
Employer contributions to own social insurance funds
Dividends received 2
Plus: Timing differences:
Property taxes
Corporate profits taxes
Other

14

0.1

0.0

0.0

0.0

0.0

15

252.1

282.0

314.6

337.6

369.4

16

305.3

Unemployment insurance fund benefits paid

17

18.9

14.7

10.7

8.9

12.1

Purchases of land

18

2.1

2.0

1.9

2.1

2.4

19
20
21
22
23

25.2
7.9
12.8
-7.2
0.8

28.2
8.3
13.9
-8.2
1.0

32.3
9.2
15.8
-9.3
1.5

36.6
10.4
21.2
-10.0
1.8

41.6
11.3
29.0
-11.7
2.1

24

-0.8

-6.1

-2.2

-2.6

Miscellaneous
Equals: State and local government receipts, national income and product accounts
Expenditures
Census total expenditures

J

381.9

Less: Coverage differences:

Netting and grossing differences:
Enterprise current operating expenditures plus current surplus
Government sales
Interest received 2.
Employer contributions to own social insurance funds
Dividends received 2
Plus: Timing differences:
Excess of accruals over disbursements, and other
Miscellaneous
Equals: State and local government expenditures, national income and product accounts.

-7.4

0.0

0.0

0.0

0.2

243.9

258.6

282.4

308.7

25

-0.3
339.6

1
The Bureau of the Census measures of State and local government receipts and xpenditures (lines 1 and 16) represent a combination of fiscal years. 46 states and many localities use the July
1-June 30 fiscal years; the rest use varying fiscal years. The national income and product account measures shown in this table are for the fiscal year ending June 30. The differences that arise
from restating the Census data to a year ending June 30 are included in lines 11, 12, and 13 (receipts) and line 24 (expenditures).
2
Prior to 1968, dividends received is included in interest received (lines 8 and 21).

Table 3.20.—Relation of Commodity Credit Corporation (CCC) Expenditures in the National Income and Product Accounts to CCC Outlays in the
Unified Budget
[Billions of dollars]
Line

1976

1977

1978

1981

1980

1979

Commodity Credit Corporation outlays in the unified budget
Less: Financial transactions
Netting differences
Timing differences
Other J
Equals: Commodity Credit Corporation expenditures, national income and product
accounts.
Purchases of goods and services
Transfer payments to foreigners
Grants-in-aid to State and local governments..
Net interest paid
Subsidies less current surplus
Less: Current surplus..
1

Consists largely of foreign currency transactions.




1.1
0.0
-0.2
-0.1

1.4
0.0
0.1
-0.2

2.2
0.0
0.5
-0.2

1.2
0.0
0.1
-0.1

-0.2
0.0
-0.4
0.0

-0.1
0.0
0.6
-0.2

1.9

5.8

3.5

1.0

3.6

7.1

1.0
0.4
0.0
-0.2
0.7
0.5
-0.2

3.9
0.4
0.0
-0.3
1.7
1.4
-0.3

0.1
0.5
0.0
-0.5
3.4
2.6
-0.8

-1.0
0.6
0.0
-0.6
2.1
0.9
-1.2

1.1
0.7
0.0
-0.7
2.6
0.9
-1.7

0.8
0.
-1.2
3.6
1.4
-2.2

July

SURVEY OF CURRENT BUSINESS

65

4. Foreign Transactions
Table 4.1.—Foreign Transactions in the National Income and Product Accounts
Millions of dollars

Billions of dollars, seasonally adjusted at annual rates

Line

1976

1977

1979

1978

1980

I

Receipts from foreigners

1978

1977

1981

1

170,876

182,744

218,718

282,497

340,371

368,425

Exports of goods and services
Merchandise
Durable goods
Nondurable goods .
Services
Factor income 1
Other ..

2
3
4
5
6
7
8

170,876
114,391
67,337
47,054
56,485
29,671
26,814

182,744
119,723
70,079
49,644
63,021
32,581
30,440

218,718
140,891
82,405
58,486
77,827
43,043
34,784

281,358
179,180
104,518
74,662
102,178
64,819
37,359

339,219
220,061
128,949
91,112
119,158
75,197
43,961

367,332
231,856
134,410
97,446
135,476
86,090
49,386

Capital grants received by the United States (net)

9

177.9

III

IV

185.1

186.8

181.2

195.6

186.8
122.2
71.1
51.1
64.7
33.8
30.9

181.2
116.9
69.6
47.2
64.3
32.9
31.4

195.6
122.6
72.3
50.3
72.9
39.2
33.7

185.1
122.3
71.1
51.2
62.7
32.4
30.4

177.9
117.5
68.5
49.0
60.3
31.3
29.1

II

III

IV

213.1

224.0

242.1

213.1
140.5
80.9
59.6
72.6
38.9
33.7

224.0
145.9
85.0
60.9
78.2
43.6
34.6

242.1
154.5
91.4
63.1
87.6
50.5
37.2

I

II

0

0

0

1,139

1,152

1,093

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

Payments to foreigners

10

170,876

182,744

218,718

282,497

340,371

368,425

177.9

185.1

186.8

181.2

195.6

213.1

224.0

242.1

Imports of goods and services
Merchandise
Durable goods
Nondurable goods
Services
Factor income 1
Other

11
12
13
14
15
16
17

157,096
123,419
56,314
67,105
33,677
9,191
24,486

186,730
150,173
68,178
81,995
36,557
9,117
27,440

219,834
174,485
87,981
86,504
45,349
13,440
31,909

268,145
209,427
99,143
110,284
58,718
22,247
36,471

314,025
243,988
109,959
134,029
70,037
29,124
40,913

341,272
260,144
123,705
136,439
81,128
36,910
44,218

180.0
145.1
61.7
83.4
34.9
8.0
26.9

186.8
150.5
67.0
83.5
36.3
8.9
27.4

187.2
150.7
69.6
81.1
36.5
9.3
27.2

192.9
154.4
74.4
80.0
38.5
10.2
28.2

207.2
166.6
82.7
83.9
40.7
10.4
30.3

217.2
173.5
87.1
86.4
43.7
13.0
30.7

222.9
176.1
89.5
86.5
46.8
14.0
32.8

232.0
181.8
92.6
89.2
50.2
16.4
33.8

Transfer payments (net)
From persons (net)
From government (net)

18
19
20

4,133
917
3,216

4,117
859
3,258

4,530
768
3,762

5,062
832
4,230

6,031
798
5,233

6,312
645
5,667

3.9
0.9
2.9

4.1
0.9
3.2

4.5
0.8
3.7

4.0
0.8
3.2

4.0
0.7
3.4

4.7
0.8
3.9

4.2
0.7
3.5

5.1
0.9
4.2

Interest paid by government to foreigners

21

4,520

5,542

8,674

11,076

12,512

16,748

8.6

9.8

Net foreign investment

22

5,127

13645

-14,320

1786

7,803

4,093

4.8

5.1

-10.8

6.6

5.6

-11.0

-22.3

-10.5

8.4

7.8

-23.5

-17.2

-11.7

-4.9

Billions of dollars, seasonally adjusted at annual rates

1979

Line
I

1980

1982

1981

II

III

IV

I

II

HI

IV

I

II

IV

III

I

II

1

257.2

269.4

291.7

311.7

336.9

338.4

338.3

347.8

366.5

370.0

368.3

369.0

359.9

360.9

Exports of goods and services
Merchandise
Durable goods
Nondurable goods
Services
. ...
Factor income 1
Other

2
3
4
5
6
7
8

256.1
164.4
98.1
66.2
91.7
54.6
37.1

268.2
170.7
100.8
69.9
97.5
60.8
36.7

290.6
183.6
106.3
77.3
107.0
69.8
37.2

310.5
198.0
112.8
85.2
112.5
74.0
38.5

335.7
214.9
127.9
87.0
120.8
79.4
41.4

337.3
218.4
128.4
90.0
118.9
75.6
43.3

337.2
220.7
128.2
92.6
116.5
70.8
45.7

346.7
226.2
131.3
94.9
120.5
75.0
45.5

365.4
237.3
134.2
103.1
128.1
81.1
47.0

368.9
236.0
140.1
95.9
132.9
84.2
48.7

367.2
226.3
133.2
93.1
140.8
89.6
51.3

367.9
227.8
130.1
97.8
140.1
89.5
50.6

359.9
221.4
123.9
97.5
138.5
85.9
52.6

360.9
215.9
121.7
94.2
145.0
92.9
52.1

Capital grants received by the United States (net)

9

Receipts from foreigners

Payments to foreigners
Imports of goods and services
Merchandise
Durable goods
Nondurable goods
Services
Factor income 1
.....
Other

....

Transfer payments (net)
From persons (net)
From government (net)
Interest paid by government to foreigners
gn
1

1.1

1.1

1.1

1.1

1.2

1.2

1.2

1.2

1.1

1.1

1.1

1.1

0.0

0.0

10

257.2

269.4

291.7

311.7

336.9

338.4

338.3

347.8

366.5

370.0

368.3

369.0

359.9

360.9

11
12
13
14
15
16
17

238.9
186.1
93.4
92.7
52.8
18.1
34.7

259.1
202.4
98.8
103.6
56.7
20.6
36.1

274.5
214.5
99.5
114.9
60.1
23.2
36.9

300.0
234.8
104.8
129.9
65.3
27.0
38.2

321.7
250.3
111.5
138.8
71.4
30.8
40.7

313.1
244.8
107.2
137.6
68.3
28.8
39.5

298.2
232.5
107.7
124.8
65.7
24.9
40.8

323.2
248.4
113.5
134.9
74.7
32.1
42.6

334.2
255.8
115.4
140.4
78.4
34.1
44.3

345.1
263.3
122.7
140.6
81.8
37.5
44.3

341.3
257.9
126.3
131.7
83.4
39.9
43.5

344.4
263.5
130.5
133.1
80.9
36.1
44.8

328.6
243.9
125.4
118.5
84.7
40.0
44.7

325.3
235.0
127.4
107.6
90.3
44.8
45.5

18
19
20

5.0
0.7
4.3

4.6
0.7
3.9

4.6
0.8
3.8

6.1
1.1
4.9

5.6
0.7
4.8

5.0
0.7
4.3

5.7
0.8
4.9

7.8
0.9
6.9

5.7
0.5
5.2

5.5
0.8
4.8

6.7
0.7
6.1

7.3
0.7
6.6

6.9
0.8
6.0

6.0
0.9
5.1

21

11.1

11.0

11.0

12.2

11.7

12.0

14.1

15.8

17.0

17.1

17.1

17.9

17.2

22

2.3

54

1.6

8.6

22.5

2.8

10.8

2.3

3.1

0.1

6.5

12.5

11.3
-5.7

-2.6

Line 7 less line 16 equals rest-of-the-world product as shown in table 1.5.

Table 4.2.—Exports and Imports of Goods and Services in Constant Dollars
[Billions of 1972 dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1978

1979

1980

I

Exports of goods and services
Durable goods
Nondurable goods
Services
Factor income 1
Other
Imports of goods and services
Merchandise
Durable goods
Services
Factor income
Other

1

378-127 0 - 8 2 - 5




.. ..

1978

1977

1981
II

III

IV

I

II

III

IV

1

110.1

112.9

126.7

146.2

159.2

158.5

111.0

113.9

115.2

111.4

118.1

124.3

128.8

135.6

2
3
4

67.7
42.0
25.6

68.0
41.5
26.5

75.2
45.6
29.7

83.9
51.3
32.6

93.1
56.1
36.9

89.8
51.8
38.0

67.2
41.3
25.9

68.9
42.6
26.3

69.4
41.7
27.7

66.4
40.3
26.1

68.1
41.5
26.6

75.7
45.1
30.6

77.7
47.0
30.6

79.4
48.6
30.9

5
6
7

42.4
22.6
19.8

44.9
23.4
21.5

51.5
28.8
22.6

62.3
40.0
22.3

66.1
42.6
23.5

68.7
44.5
24.2

43.9
23.0
20.9

45.0
23.5
21.5

45.8
24.1
21.7

45.0
23.2
21.8

50.1
27.3
22.8

48.6
26.4
22.2

51.2
28.9
22.3

56.1
32.8
23.3

8

84.7

90.9

102.7

109.0

108.6

116.4

88.7

91.3

90.3

93.2

99.0

101.9

103.5

106.2

9
10
11

61.1
35.2
26.0

67.1
39.6
27.6

75.4
45.9
29.5

76.9
47.2
29.7

74.5
48.0
26.5

79.1
51.9
27.2

65.3
37.3
28.0

67.5
39.4
28.0

66.8
39.6
27.2

69.0
41.9
27.1

74.0
45.4
28.7

75.4
45.7
29.7

75.6
45.8
29.8

76.7
46.8
29.9

12
13
14

23.5
7.0
16.5

23.7
6.6
17.2

27.3
9.0
18.3

32.0
13.7
18.3

34.1
16.5
17.6

37.4
19.1
18.3

23.5
5.9
17.5

23.8
6.4
17.4

23.4
6.6
16.8

24.2
7.2
17.0

25.0
7.2
17.8

26.5
8.8
17.7

27.9
9.3
18.6

29.5
10.6
18.9

66

SURVEY OF CURRENT BUSINESS

July

Table 4.2.—Exports and Imports of Goods and Services in Constant Dollars—Continued
[Billions of 1972 dollars]
Seasonally adjusted at annual rates

1979

Line

Exports of goods and services

Services..
Factor income
Other .

.. ......

1

••

Imports of goods and services
Merchandise
Durable goods
Nondurable goods

..

..

...

,..,,

Services
Factor income 1
Other
,
1

1982

1981

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

138.8

140.4

149.2

156.4

164.4

161.2

155.9

155.1

159.3

159.7

157.8

156.9

151.7

152.3

2
3
4

81.2
50.5
30.7

80.3
49.3
31.0

84.4
51.3
33.1

89.5
53.9
35.6

94.5
58.7
35.8

94.3
56.8
37.5

92.3
54.8
37.5

91.2
54.2
37.0

92.8
53.6
39.2

91.7
54.7
37.1

87.0
50.3
36.6

87.6
48.6
39.0

84.0
45.2
38.8

82.4
44.0
38.4

5
6
7

57.6
34.8
22.8

60.1
37.9
22.2

64.7
42.7
22.0

66.8
44.5
22.3

69.9
46.6
23.3

66.9
43.3
23.6

63.6
39.6
23.9

64.0
40.9
23.0

66.5
43.1
23.4

68.0
44.0
24.0

70.9
45.9
25.0

69.3
44.8
24.5

67.7
42.5
25.1

69.9
45.4
24.5

8

1

Merchandise
Durable goods
Nondurable goods

1980

I

111.1

105.4

109.0

109.4

112.2

113.9

108.0

102.8

109.6

115.5

118.7

120.4

114.7

116.8

,..,... 9
10
11

75.2
45.4
29.8

77.5
47.2
30.3

77.0
48.0
29.0

78.0
48.3
29.8

77.9
49.8
28.1

74.4
47.6
26.8

71.4
46.6
24.8

74.2
48.0
26.2

74.6
48.3
26.3

77.6
51.1
26.5

80.3
53.0
27.3

83.8
55.2
28.6

76.7
51.6
25.1

76.5
51.1
25.4

12
13
..... 14

30.2
11.5
18.6

31.5
12.9
18.6

32.4
14.2
18.2

34.1
16.3
17.9

36.0
18.0
18.0

33.6
16.5
17.2

31.3
13.9
17.4

35.4
17.5
17.9

36.5
18.1
18.4

38.0
19.6
18.3

38.4
20.4
18.0

36.6
18.1
18.5

38.1
19.8
18.2

40.3
21.9
18.4

Line 6 less line 13 equals rest-of-the-world product as shown in table 1.6.

Table 4.3.—Merchandise Exports and Imports by Type of Product and by End-Use Category
Billions of dollars, seasonally adjusted at annual rates

Millions of dollars

1977

Line

Merchandise exports .

...

.......

... ..

Foods feeds and beverages
Industrial supplies and materials....
Durable goods
..
Nondurable goods
Capital goods except autos
Autos
..
Consumer goods.
...............
,
Durable goods
... .
Nondurable goods
Other
,
,. .,
Durable goods
,.
Nondurable goods
...

1976

1977

1978

1979

1980

1981

I

1978

II

III

IV

I

II

III

IV

114,391

119,723

140,891

179,180

220,061

231,856

117.5

122.3

122.2

116.9

122.6

140.5

145.9

154.5

2
... ....... 3
4
5
..... 6
. 7
8
9
10
11
12
... .. 13

19,830
31,762
10,391
21,371
39,112
12,100
8,022
3,951
4,071
3,565
1,783
1,782

19,723
33,391
10,502
22,889
39,767
13,364
8,932
4,173
4,759
4,546
2,273
2,273

25,156
38,087
12,626
25,461
46,470
15,584
10,418
5,137
5,281
5,176
2,588
2,588

30,005
53,103
18,131
34,972
58,842
18,200
12,791
6,225
6,566
6,239
3,120
3,119

35,721
68,082
24,639
43,443
74,178
17,229
16,633
8,794
7,839
8,218
4,109
4,109

38,314
65,422
20,416
45,006
81,666
19,097
16,295
7,700
8,595
11,062
5,531
5,531

20.2
33.0
10.5
22.5
38.9
13.1
8.6
4.2
4.4
3.7
1.9
1.9

20.8
34.3
10.9
23.4
39.9
13.8
8.8
4.1
4.7
4.7
2.4
2.4

19.0
34.9
10.6
24.2
40.6
13.0
9.5
4.3
5.2
5.2
2.6
2.6

18.8
31.5
10.1
21.4
39.6
13.6
8.8
4.1
4.7
4.6
2.3
2.3

21.7
32.3
10.9
21.5
40.5
14.0
9.1
4.5
4.6
5.0
2.5
2.5

26.9
37.0
12.4
24.6
45.0
15.6
10.4
5.1
5.3
5.6
2.8
2.8

26.8
39.4
12.8
26.6
49.2
15.7
10.7
5.3
5.4
4.1
2.0
2.0

25.2
43.6
14.5
29.1
51.2
17.0
11.5
5.6
5.8
6.0
3.0
3.0

14

123,419

150,173

174,485

209,427

243,988

260,144

145.1

150.5

150.7

154.4

166.6

173.5

176.1

181.8

15
16

11,546
29,127

13,981
34,154

15,397
41,214

17,366
47,488

18,127
50,045

18,112
56,282

13.5
30.8

15.2
34.4

13.5
35.6

13.7
35.8

14.6
39.7

15.0
42.8

15.4
41.0

16.6
41.4

17
18
19
20
21
22
23
24
25
26
27

16,993
12,134
34,573
12,282
16,169
17,165
9,591
7,574
2,557
1,279
1,278

20,831
13,323
44,983
13,985
18,641
21,796
13,404
8,392
2,633
1,317
1,316

25,386
15,828
42,312
19,243
24,214
28,943
17,557
11,386
3,162
1,581
1,581

28,935
18,553
60,482
24,575
25,503
30,566
18,406
12,160
3,447
1,724
1,723

29,133
20,912
79,414
30,322
26,987
34,445
21,193
13,252
4,648
2,324
2,324

33,268
23,014
77,579
34,576
29,737
38,664
23,527
15,137
5,194
2,597
2,597

18.2
12.6
48.6
12.7
16.9
20.5
12.9
7.7
2.1
1.0
1.0

21.0
13.4
44.8
13.6
17.7
21.7
13.1
8.6
3.1
1.5
1.5

21.8
13.8
44.0
14.4
19.1
21.8
13.2
8.6
2.4
1.2
1.2

22.3
13.5
42.6
15.3
20.8
23.2
14.4
8.7
3.0
1.5
1.5

24.8
14.9
42.1
17.2
22.4
27.2
16.6
10.5
3.4
1.7
1.7

25.9
16.9
41.7
18.8
24.0
28.5
17.0
11.5
2.6
1.3
1.3

25.1
15.8
42.0
20.1
24.5
29.8
18.1
11.7
3.3
1.6
1.6

25.7
15.7
43.5
20.9
25.9
30.2
18.4
11.8
3.4
1.7
1.7

28
29
30

23,381
91,010
88,846

24,331
95,392
105,190

29,902
110,989
132,173

35,594
143,586
148,945

42,156
177,905
164,574

44,264
187,592
182,565

25.0
92.5
96.5

25.6
96.7
105.7

23.6
98.6
106.7

23.1
93.8
111.9

26.3
96.3
124.4

31.5
109.1
131.8

31.4
114.5
134.1

30.4
124.1
138.4

.

..... 1

Merchandise imports
Foods feeds and beverages
Industrial supplies and materials, excluding petroleum.
Durable goods
.
Nondurable goods .
Petroleum and products,...,
,
Capital goods except autos
..
Autos
.
Consumer goods..
Durable goods
..
Nondurable goods
Other
Durable goods
».
...
Nondurable goods
Addenda:
Exports of agricultural products 1
Exports of nonacricultural products
Imports of nonpetroleum products




67

SURVEY OF CURRENT BUSINESS

July

Table 4.3.—Merchandise Exports and Imports by Type of Product and by End-Use Category—Continued
Billions of dollars, seasonally adjusted at annual rates

1982

1981

1980

1979

Line

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

1

164.4

170.7

183.6

198.0

214.9

218.4

220.7

226.2

237.3

236.0

226.3

227.8

221.4

215.9

2
3
4
5
6
7
8
9
10
11
12
13

25.7
47.1
16.0
31.1
55.2
17.8
11.9
5.8
6.1
6.7
3.3
3.3

27.7
49.8
16.9
32.9
56.7
18.4
12.4
6.0
6.5
5.7
2.9
2.9

31.9
54.3
18.3
36.0
61.0
18.0
12.8
6.2
6.6
5.6
2.8
2.8

34.8
61.2
21.3
39.9
62.5
18.5
14.0
6.9
7.1
7.0
3.5
3.5

33.6
67.0
25.9
41.1
68.3
17.8
18.6
11.1
7.4
9.7
4.9
4.9

33.8
71.7
26.8
44.9
73.8
16.2
15.4
7.8
7.6
7.5
3.7
3.7

36.8
67.4
23.6
43.8
75.9
16.6
16.1
8.1
8,0
8.0
4.0
4.0

38.8
66.2
22.3
44.0
78.7
18.3
16.4
8.1
8.3
7.7
3.9
3.9

44.0
67.5
21.9
45.6
80.5
19.0
16.7
8.0
8.7
9.7
4.8
4.8

38.7
63.7
21.4
42.4
84.4
20.5
16.7
7.9
8.8
12.0
6.0
6.0

34.9
63.4
19.0
44.4
80.9
20.2
16.3
7.8
8.5
10.7
5.4
5.4

35.7
67.1
19.4
47.7
80.8
16.8
15.5
7.1
8.4
11.9
5.9
5.9

36.0
66.5
17.9
48.6
77.4
17.3
14.7
6.6
8.1
9.5
4.8
4.8

37.0
62.6
17.6
45.0
75.4
18.0
14.8
6.7
8.1
8.1
4.1
4.1

14

186.1

202.4

214.5

234.8

250.3

244.8

232.5

248.4

255.8

263.3

257.9

263.5

243.9

235.0

Foods, feeds, and beverages
,
15
Industrial supplies and materials, excluding petro- 16
leum.
17
Durable goods
Nondurable goods.
.
18
19
Petroleum and products
... ..
Capital goods, except autos
20
Autos
,
,
21
Consumer goods
..
... .
. .. 22
Durable goods
23
24
Nondurable goods
Other
25
Durable goods . . . .
. , , , . . ,26
Nondurable goods
27

16.0
43.4

17.5
47.6

17.2
47.6

18.8
51.4

17.8
53.9

17.7
49.8

18.3
46.2

18.7
50.3

19.5
53.7

18.0
56.8

17.8
57.8

17.2
56.8

14.9
54.1

16.8
51.0

26.8
16.6
45.8
22.6
24.1
29.3
17.5
11.8
4.8
2.4
2.4

29.1
18.5
54.2
23.9
26.8
29.8
17.8
12.0
2.6
1.3
1.3

29.0
18.6
65.5
25.2
25.3
31.1
18.7
12.4
2.6
1.3
1.3

30.9
20.4
76.4
26.6
25.8
32.1
19.7
12.4
3.8
1.9
1.9

32.5
21.4
84.2
29.5
25.9
33.8
21.0
12.8
5.3
2.6
2.6

28.4
21.4
83.3
30.0
25.4
34.3
21.2
13.1
4.1
2.1
2.1

26.2
20.0
70.9
30.2
28.3
34.3
20.8
13.5
4.2
2.1
2.1

29.4
20.9
79.2
31.5
28.4
35.3
21.7
13.6
5.0
2.5
2.5

31.1
22.6
82.1
32.7
26.8
36.9
22.8
14.1
4.0
2.0
2.0

34.4
22.4
83.2
33.2
29.9
37.2
22.7
14.5
5.2
2.6
2.6

34.4
23.4
72.6
35.1
30.8
38.7
23.4
15.3
5.1
2.5
2.5

33.2
23.6
72.4
37.3
31.4
41.9
25.3
16.7
6.5
3.3
3.3

31.7
22.4
62.6
35.1
30.6
40.5
24.9
15.6
6.0
3.0
3.0

29.8
21.2
50.0
34.8
36.0
38.8
23.0
15.8
7.6
3.8
3.8

30.6
133.8
140.2

33.1
137.6
148.2

37.3
146.3
149.0

41.4
156.6
158.4

40.6
174.3
166.1

40.6
177.8
161.4

42.8
177.9
161.5

44.5
181.7
169.2

50.3
187.0
173.7

44.6
191.4
180.1

39.8
186.6
185.3

42.4
185.5
191.2

42.0
179.4
181.3

42.0
173.9
185.0

Merchandise exports
Foods, feeds, and beverages
Industrial supplies and materials. .
Durable goods
Nondurable goods
Capital goods except autos . .....
Autos
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods

,

.

.
,

Merchandise imports

Addenda:
Exports of agricultural products l
Exports of nonagricultural products
Imports of nonpetroleum products
1

....

.

...

28
29
30

Includes parts of line 2 and line 5.

Table 4.4.—Merchandise Exports and Imports by Type of Product and by End-Use Category in Constant Dollars
[Billions of 1972 dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1978

1979

1980

1981

1977

I

II

1978

III

IV

I

II

III

IV

1

67.7

68.0

75.2

83.9

93.1

89.8

67.2

68.9

69.4

66.4

68.1

75.7

77.7

79.4

2
3
4
5
6
7
8
9
10
11
12
13

10.5
16.7
5.5
11.2
24.9
7.9
5,6
2.8
2.9
2.1
1.1
1.1

10.5
16.8
5.3
11.5
24.1
7.9
6.1
2.9
3.2
2.6
1.3
1.3

12.7
18.3
6.1
12.3
26.5
8.5
6.5
3.1
3.4
2.8
1.4
1.4

13.5
21.1
7.2
13.9
31.1
8.4
6.8
3.1
3.8
2.9
1.5
1.5

15.2
24.1
8.7
15.4
34.9
6.9
8.5
3.9
4.6
3.5
1.7
1.7

15.5
22.3
7.0
15.4
32.9
6.7
8.1
3.2
5.0
4.3
2.1
2.1

10.3
16.8
5.3
11.5
24.2
7.9
5.8
2.8
3.0
2.1
1.1
1.1

10.1
17.3
5.5
11.8
24.7
8.3
5.9
2.8
3.1
2.7
1.3
1.3

10.6
17.4
5.3
12.1
24.3
7.6
6.6
3.0
3.5
2.9
1.5
1.5

10.8
15.8
5.0
10.8
23.2
7.9
6.1
2.8
3.3
2.6
1.3
1.3

11.5
16.2
5.4
10.7
23.8
8.1
5.8
2.8
3.0
2.8
1.4
1.4

13.4
18.4
6.2
12.2
25.6
8.6
6.6
3.2
3.4
3.0
1.5
1.5

13.1
19.1
6.2
12.9
28.4
8.2
6.6
3.1
3.5
2.2
1.1
1.1

12.5
19.7
6.5
13.2
28.4
8.9
6.8
3.1
3.6
3.1
1.5
1.5

14

61.1

67.1

75.4

76.9

74.5

79.1

65.3

67.5

66.8

69.0

74.0

75.4

75.6

76.7

15
16

6.9
16.5

6.9
17.8

7.5
20.0

7.6
19.4

6.7
17.1

7.0
19.0

6.9
16.4

7.0
18.0

6.6
18.5

6.9
18.4

7.1
20.0

7.3
21.0

7.6
19.7

8.1
19.4

17
18
19
20
21
22
23
24
25
26
27

9.6
6.9
7.5
8.5
10.0
10.2
6.3
3.9
1.5
0.8
0.8

10.8
7.0
9.0
9.0
10.6
12.5
8.5
4.0
1.5
0.7
0.7

12.3
7.7
8.5
11.3
11.5
15.0
10.0
5.0
1.6
0.8
0.8

11.8
7.6
8.6
13.8
11.0
15.0
9.9
5.1
1.6
0.8
0.8

9.9
7.1
6.9
15.4
10.9
15.7
10.9
4.8
1.9
1.0
1.0

11.2
7.8
6,0
18.0
10.3
16.7
11.3
5.4
2.1
1.0
1.0

9.7
6.7
9.9
8.5
9.9
12.4
8.6
3.8
1.2
0.6
0.6

11.0
7.0
9.0
9.0
10.4
12.4
8.3
4.2
1.7
0.8
0.8

11.3
7.2
8.8
8.7
10.7
12.4
8.4
4.0
1.3
0.6
0.6

11.4
6.9
8.5
9.7
11.3
12.6
8.7
4.0
1.6
0.8
0.8

12.5
7.5
8.4
10.9
11.4
14.5
9.7
4.8
1.8
0.9
0.9

12.7
8.3
8.4
10.7
11.6
15.0
10.0
5.0
1.3
0.7
0.7

12.0
7.6
8.5
11.3
11.3
15.6
10.3
5.3
1.6
0.8
0.8

12.0
7.4
8.7
12.3
11.5
15.1
10.2
4.9
1.7
0.8
0.8

......... 28
• . . . .... 29
30

12.6
55.1
53.6

12.9
55.1
58.1

15.3
60.0
66.9

16.0
67.9
68.3

18.0
75.1
67.6

18.0
71.8
73.1

12.8
54.3
55.3

12.6
56.4
58.5

13.0
56.4
58.0

13.1
53.3
60.6

14.1
54.0
65.6

16.2
59.6
67.0

15.8
61.9
67.1

15.0
64.4
68.0

Merchandise exports..
Foods feeds and beverages
Industrial supplies and materials...
Durable goods .
Nondurable goods
Capital goods except autos
Autos . . . .
.
.... , ,
Consumer goods
Durable goods
Nondurable goods
,......,...,...,
Other
Durable goods
..
Nondurable goods
..
Merchandise imports
Foods, feeds and beverages ...
Industrial supplies and materials, excluding petroleum.
Durable goods
,
,.
,
Nondurable goods
,
Petroleum and products
,,...,,
Capital goods except autos
•• .
Autos
.
.
.
.
.
.
.
Consumer goods
Durable goods
*
Nondurable goods
.
Other
Durable goods
Nondurable goods
Addenda:
Exports of agricultural products 1.....
Exports of nonagricultural products
Imports of nonpetroleum products




68

SURVEY OF CURRENT BUSINESS

July

Table 4.4.—Merchandise Exports and Imports by Type of Product and by End-Use Category in Constant Dollars—Continued
[Billions of 1972 dollars]
Seasonally adjusted at annual rates
Line

1979

I
Merchandise exports

.„..,..

Foods feeds and beverages
Industrial supplies and materials
Durable goods . . .
Nondurable goods
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods

. ...
....
,
.
.. . ,

Merchandise imports
Foods feeds and beverages
...
Industrial supplies and materials, excluding petroleum.
Durable goods
Nondurable goods
Petroleum and products
Capital goods, except autos . • ..
•».
..
.....
Autos
Consumer goods..
,
Durable goods ..... .....
.. ........ ... ,
Nondurable goods
..
.....
Other
Durable goods
Nondurable goods.. .
-,
....
... ......
Addenda:
Exports of agricultural products 1
Exports of nonagricultural products. . .
Imports of nonpetroleum products
1

II

1980

IV

III

I

II

1981

III

I

IV

1982

III

II

I

IV

II

1

81.2

80.3

84.4

89.5

94.5

94.3

92.3

91.2

92.8

91.7

87.0

87.6

84.0

82.4

2
3
4
5
6
7
8
9
10
11
12
13

12.1
20.2
6.9
13.3
30.4
8.6
6.6
3.0
3.6
3.3
1.6
1.6

12.8
20,0
6.8
13.2
29.7
8.5
6.7
3.0
3.7
2.7
1.3
1.3

13.8
21.5
7.2
14.2
31.5
8.3
6.8
3.0
3.8
2.6
1.3
1.3

15.2
22.7
7.9
14.8
32.9
8.3
7.3
3.3
4.0
3.2
1.6
1,6

14.7
23.5
9.1
14.4
34.8
7.6
9.6
5.1
4.5
4.3
2.1
2.1

15.2
25.3
9.5
15.9
35.6
6.7
8.2
3.5
4.8
3.2
1.6
1.6

15.7
24.0
8.4
15.6
34.8
6.5
8.0
3.5
4.5
3.3
1.7
1.7

15.2
23.4
7.9
15.5
34.5
6.9
8.1
3.4
4.7
3.1
1.6
1.6

16.7
23.1
7.5
15.6
33.9
7.0
8.4
3.4
5.0
3.8
1.9
1.9

15.1
21.7
7.3
14.4
34.5
7.3
8.5
3.2
5.2
4.7
2.3
2.3

14.6
21.5
6.5
15.1
31.8
6.9
8.1
3.1
4.9
4.1
2.1
2.1

15.7
22.9
6.6
16.3
31.2
5.5
7.6
2.9
4.7
4.6
2.3
2.3

15.7
22.9
6.1
16.7
29.0
5.6
7.2
2.6
4.5
3.6
1.8
1.8

16.6
21.7
6.1
15.6
28.0
5.7
7.4
2.7
4.7
3.1
1.6
1.6

14

75.2

77.5

77.0

78.0

77.9

74.4

71.4

74.2

74.6

77.6

80.3

83.8

76.7

76.5

15
16

7.4
19.2

8.0
20.0

7.5
19.2

7.6
19.0

6.8
18.8

6.6
17.0

6.6
15.6

6.8
16.9

7.0
18.1

6.7
19,0

7.0
19.5

7,2
19.4

6.1
18.3

7.0
17.5

17
18
19
20
21
22
23
24
25
26
27

11.8
7.4
8.7
12.8
10.2
14.7
9.5
5.2
2.3
1.1
1.1

12.2
7.8
8.8
13.3
11.6
14.5
9.5
5.1
1.2
0.6
0.6

11.7
7.5
8.3
14.4
11.2
15.2
10.1
5.1
1.2
0.6
0.6

11.4
7.6
8.6
14.5
11.0
15.6
10.5
5.1
1,7
0.8
0.8

11.3
7.5
7.9
15.5
10.8
15.8
11.1
4.7
2.2
1.1
1.1

9.7
7.3
7.2
15.1
10.8
16.0
11.1
4.8
1.7
0.9
0.9

8.8
6.7
6.0
15.2
11.2
15.2
10.5
4.7
1.7
0.9
0.9

9.9
7.0
6.4
15.7
10.6
15.8
10.7
5.0
2.0
1.0
1.0

10.5
7,6
6.2
16.3
9.7
15.8
11.1
4.7
1.6
0.8
0.8

11.5
7,5
6.2
17.1
10.6
16.0
10.9
5.1
2.0
1.0
1.0

11.6
7.9
5.7
18.6
10.7
16.8
11.1
5.6
2.0
1.0
1.0

11.3
8,1
5.8
20.1
10.4
18.3
12,1
6.2
2.7
1.3
1.3

10.7
7.6
5.0
17.9
9.8
17.1
11.9
5.1
2.4
1.2
1.2

10.2
7.3
4.2
17.2
11.7
15.9
10.6
5.3
3.0
1.5
1.5

28
29
30

14.4
66.7
66.5

15.3
65.1
68.7

16.2
68.2
68.7

18.1
71.4
69.5

17.7
76.8
69.9

18.4
75.9
67.2

18.3
74.0
65.5

17.6
73,6
67.7

19.2
73.6
68.4

17.5
74.2
71.4

16.6
70.4
74.5

18.5
69,1
78,0

18.4
65.5
71.6

19.0
63.4
72.2

Includes parts of line 2 and line 5.

Table 4.5.—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)
[Millions of dollars]
Line
Exports of goods and services BPA's *
Less' Gold BPA's 2
Statistical differences 4
Other items 5
Equals* Exports of goods and services, NIPA's

.. ,

....
,.
, ., .,

.

Less' Payments of income on U S Government liabilities 6 ,,
Gold BPA's 2
Capital gains net of losses in direct investment income payments BPA's 3
Statistical differences 4
.,
. ..,
Other items
Plus- Gold NIPA's 2 ,
Equals' Imports of goods find services, NIPA's . ,. . ., ......
. ..
Less- Gold (2 9 + 13)
Statistical differences (4 11)
. .
Other items (5 12)
Plus* Payments of income on TJ S Government liabilities (8)
Equals' Net exports of goods and services NIPA's (6 14)

•

Allocations of special drawing rights BPA's
•
Plus1 Other items 7
Equals: Capital grants received by U.S., net, NIPA's

•• ••

171,630

184,337
1 093

1980

220,137
1 163

286,772
5293

1981

342,102
4176
2043

372,892
4398

0
750

362
0
800

0
500

394
0
650

254
0
375

170,876

182,744

218,718

281,358

339,219

367,332

7
8
9
10
11
12
13
14

162,248
4,520

193,788
5,542
1935

229,880
8,674
1765

281,677
11,076
2912

361,813
16,748
4014

o

0
307

0
0
419

44
0
0
437

64
0
0
520

333,800
12512
5565
1 676

0
0
-22

206
0
0
15

157,096

186,730

219,834

268,145

314,025

341,272

15
16
17
18
19
20
21

9 382

-9451

9,743

423

8,302
1411
3719

11 079

278

5,095
2901

22
23
....... 24

Payments of income on U S Government liabilities BPA's
Equals* Interest paid by government to foreigners, NIPA's

1

354

1979

400

25
26
27
28

,

1978

1977

1
2
3
4
5
6

Unilateral transfers (excluding military grants of goods and services), net, BPA's
Less* Statistical differences 4
Other items 8
...
..
..
,
Equals* Transfer payments to foreigners net NIPA's

Balance on current account, BPA's (15 25)
Less' Gold (16)
Capital gains net of losses in direct investment income BPA's (17) ...
Statistical differences (18 26)
Other items (19 27)
.
...
Plus: Capital grants received by U.S., net, NIPA's (24) ...„
.. .....,.,
Equals- Net foreign investment, NIPA's (21 + 24 — 28—30)
. .

1976

o

939

0
400

0
500

165
438
0
650

4520
13,780

5542
3,986

8674
1 116

11 076
13 213

0

0

0

1,139

o

0

o

0

o

318
0
375

0

0
750
12512
25 194

399
568

o

800
16748
26060

1 152

1 093

o

o

0

1,139

1,152

1,093

4,998

4,617

5,030

5,561

o

6783

o

6 608

864

500

500

500

751

296

4133

4117

4 530

5 062

6 031

6 312

29
30

4520
4,520

5542
5,542

8,674
8,674

11 076
11,076

12 512
12512

16748
16748

31
32
33
34
35
,. 36
37

4,384

-14,068

14,773

278

423

o

-466
2901
'318

464
0

0
0
0

165
438

5127

13,645

o

o

o

o

150
0
14,320

o

125
1,139
1 786

1 519
1 411
3719

o

o

4471

399
568

o

1

504

1,152
7803

1093
4 093

Includes reinvested earnings of incorporated affiliates.
Beginning in 1960, the treatment of net exports of gold in the NIPA's differs from that in the BPA's. BPA gold exports (line 2) and imports (line 9) are removed from the NIPA's. Imports of
gold in the NIPA's (line 13) is the excess of the value of gold in domestic final sales plus the change in business inventories over the value of U.S. production of gold. Prior to I960, the treatment of
net exports of gold in the NIPA's and BPA's is identical, and is the same as the present NIPA treatment.
3
BPA capital gains and losses included in U.S. direct investment income abroad (line 3) and in foreign direct investment income in the U.S. (line 10) are removed from the NIPA's beginning in
1978; data needed to remove them from the NIPA's in earlier years are not available.
4
Consists of statistical revisions in the BPA's that have not yet been incorporated in the NIPA's.
5
Consists of arms shipments to Israel financed under the Emergency Security Act of 1973 and subsequent legislation. In the NIPA's, these arms shipments are classified as military grants,
which are included in the defense purchases component of GNP when they are acquired by the U.S. Government. Their transfer abroad is not reflected in the NIPA's.
6
Represents interest paid by government to foreigners. This item is treated as an import of services in the BPA's. In the NIPA's, it is excluded from government purchases and, thus, also from
imports.
7
Consists of a U.S. Government payment to India under the Agricultural Trade Development and Assistance Act. In the NIPA's, this payment is included in capital grants received by the
United States (net). In the BPA's, it is included in unilateral transfers (excluding military grants of goods and services), net.
8
Consists of financing provided to Israel in accordance with the Emergency Security Act of 1973 and subsequent legislation.
2




69

SURVEY OF CURRENT BUSINESS

July

5. Saving and Investment
Table 5.1.—Gross Saving and Investment
Billions of dollars, seasonally adjusted at annual rates

Millions of dollars
Line

1978

1977

1976

1977

1978

1979

1980

1981

257,892

309,061

374,828

422,731

406,247

477,513

275.7

305.3

329.8

325.5

341.0

294,406
82,491
36,897

326,909
77,995
53,742

374,011
89,372
62,163

407,259
96,690
54,527

438,315
106,210
38,901

504,663
130,209
44,358

289.6
62.9
40.3

321.1
74.2
54.3

349.9
86.9
66.2

347.0
88.0
54.1

357.8
94.4
53.6

65,115
14 679
-13,539

81,195
-16,183
11 270

98,899
24 oil
-12,725

112,409
43 110
-14,772

99,728
42997
-17,830

85,804
24 614
16 832

74.8
-22.2
12 2

81.1
-15.4
11 4

85.6
-9.1
103

83.3
-18.0
112

Corporate capital consumption allowances with cap- 8
ital consumption adjustment.
Noncorporate capital consumption allowances with 9
capital consumption adjustment.
Wage accruals less disbursements.....
... 10

109,861

121,467

137,591

157,501

181,221

206,209

116.5

119.9

122.6

65,157

73,705

84,885

98,541

111,983

123,887

70.0

72.7

74.2

0

0

0

0

0

0

0.0

0.0

0.0

Government surplus or deficit ( — ), national income 11
and product accounts.
12
Federal
State and local
13

-36,514

-17,848

817

14,333

-33,220

-28,243

-13.9

-15.8

-20.1

-53,083
16,569

45879
28,031

-29,463
30,280

-16,090
30,423

-61,370
28,150

-59,970
31,727

-37.6
23.7

-41.9
26.1

-52.1
32.0

Gross saving'

.,

1

Gross private saving
2
Personal saving
3
Undistributed corporate profits with inventory val- 4
uation and capital consumption adjustments.
Undistributed profits
5
6
Inventory valuation adjustment
7

Capital grants received by the United States (net)..
Gross investment

.

.

Gross private domestic investment.
Net foreign investment

p

y

II

I

I

III

IV

372.6

383.5

402.2

365.3
83.6
63.7

381.1
89.5
64.8

392.0
90.0
66.6

85.4
-20.9
-11.0

98.4
-22.9
118

101.9
-23.3
138

109.8
290
-14.2

126.9

130.3

134.9

140.1

145.1

77.9

79.5

83.1

86.6

90.3

0.0

0.0

0.0

0.0

0.0

7.4

2.4

10.3

-26.6
34.0

-23.3
25.7

196
29.8

IV

HI

-21.5

II

-16.8

518
30.4

484
31.6

14

0

0

0

1,139

1,152

1,093

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.

15

262,994

310,411

372,272

421,244

410,151

475,630

285.7

308.4

329.1

318.4

330.7

371.3

382.9

404.2

.. 16
17

257,867
5,127

324,056
13645

386,592
14320

423,030
-1,786

402,348
7,803

471,537
4,093

296.4
-10.8

319.4
-11.0

339.6
-10.5

340.7
-22.3

354.2
-23.5

388.5
-17.2

394.6
-11.7

409.1
-4.9

18

5,102

1,350

2 556

10.0

3.2

07

7i

103

13

1 883

3,904

1 487

1.9

-0.6

Billions of dollars, seasonally adjusted at annual rates

I

Gross saving.,.,,,...... ...... ...

1980

1979

Line

III

II

IV

1981

I

II

III

IV

I

1982

II

III

IV

I

II

, ... 1

423.1

432.2

431.4

404.4

410.8

395.8

404.4

414.0

461.4

482.4

490.0

476.3

428.8

449.0

Gross private saving
2
Personal saving ... .,i
......
Undistributed corporate profits with inventory valuation and capital consumption adjustments.
5
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
7

399.7
98.0
59.4

410.9
102.8
56.6

417.3
98.6
57.1

401.2
87.3
45.0

420.2
97.9
43.9

438.8
108.6
41.0

449.2
113.1
36.9

445.1
105.3
33.7

468.7
105.9
47.3

488.9
122.0
42.0

513.4
134.4
43.9

547.7
158.6
44.3

520.3
139.1
32.5

535.1
142.0
38.5

109.5
-35.8
143

112.1
-41.4
14 2

117.0
-45.2
147

111.0
-50.1
16 0

116.7
57 2
157

86.4
282
17 2

97.3
41 1
19 3

98.5
45 5
19 2

100.1
-35.5
17 3

82.2
-22.8
-17.5

84.0
-23.0
-17.1

76.9
-17.1
-15.5

47,0
-4.4
-10.1

50.7
-6.3
-5.9

Corporate capital consumption allowances with capital consumption adjustment.
Noncorporate capital consumption allowances with 9
capital consumption adjustment.
yfsige accruals less disbursements
10

149.3

154.6

160.5

165.7

171.4

178.3

184.8

190.4

196.2

202.9

209.7

216.0

218.9

223.3

93.0

96.9

101.1

103.2

107.0

110.9

113.9

116.1

119.2

122.1

125.5

128.7

129.8

131.4

0.0

0.0

0.0

0.0

0.0

0.0

0.5

-0.5

0.0

0.0

0.0

0.0

0.0

Government surplus or deficit ( — ), national income 11
and product accounts,
Federal
,
12
State and local
13

22.2

20.1

12.9

2.1

-44.2

-45,9

-32.2

-8.3

-10.1
32.3

67
26.8

-18.0
30.9

-29.6
31.6

-67.5
23.3

-73.1
27.1

-65.2
33.0

-39.7
31.3

Capital grants received by the United States (net)
Gross investment

,

Gross private domestic investment
Net foreign investment
Statistical discrepancy




...

-10.6
397
29.1

-7.6
405
32.9

-24.5
580
33.5

-72.5

1017
29.1

-91.6
-119.3
27.7

0.0

-86.1

1158
29.7

14

LI

1.1

1.1

1.1

1.2

1.2

1,2

1.2

1.1

1.1

1.1

1.1

0.0

0.

..

15

417.4

422.9

433.5

411.1

421.3

399.6

406.6

413.0

466.5

477,8

489.1

469.0

421,3

441.6

,

16
17

415.1
2.3

428.3
54

431.9
1.6

416.8
57

424.0
-2.6

391.0
8.6

384.1
22.5

410.3
2.8

455.7
10.8

475.5
2.3

486.0
3.1

468.9
0.1

414.8
6.5

429.1
12.5

18

-5.7

-9.2

2.2

6.8

10.5

3.8

2.2

10

5.1

46

08

7g

-7.5

-7.5

70

SURVEY OF CURRENT BUSINESS

July

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]
Line

1976

1977

1979

1978

1980

1981

1

257,867

324,056

386 592

423,030

402,348

471 537

2

175,018

195,172

222 476

256 042

293 204

330 096

.... 3

82849

128 884

164 116

166,988

109 144

141 441

4
5
-, ....... 6

246 044
175 018
71026

301,049
195 172
105 877

360 137
222 476
137 661

408 769
256 042
152 727

412 352
293 204
119 148

451 072
330 096
120 976

7
8
9

174 069
139,818
34,251

205,249
154,524
50,725

248 893
175 260
73633

290 200
201,204
88996

309 164
231,858
77,306

346 123
263,249
82874

Structures
. . .
Less1 Capital consumption allowances with capital consumption adjustment
Equals' Net structures .
...
.. .....
.
,.
.........
. , ....

10
11
12

58,783
44728
14,055

64,409
48432
15,977

78 734
55 483
23251

98,291
64571
33,720

110,540
74535
36,005

129,736
83841
45895

Less* Capital consumption allowances with capital consumption adjustment
Equals' Net producers' durable equipment

13
14
15

115,286
95,090
20,196

140,840
106 092
34,748

170,159
119 777
50382

191,909
136 633
55,276

198,624
157 323
41,301

216 387
179408
36 979

16
17
18

71,975
35,200
36775

95,800
40648
55152

111,244
47216
64 028

118,569
54838
63731

103,188
61346
41 842

104,949
66847
38 102

Nonfarm structures
Less* Capital consumption allowances with capital consumption adjustment,
Equals' Net nonfarm structures

19
20
21

68822
32,339
36,483

91 956
37461
54495

106 956
43627
63329

113993
50,804
63 189

98 316
56870
41446

99 693
61954
37739

Farm
structures
Less1 Capital consumption allowances with capital consumption adjustment
Equals' Net farm structures

22
23
24

1 103
1312
209

1 548
1475
73

1 739
1 673
66

1 707
1876
169

1 858
2046
188

2 054
2177
123

2,050
1 549
501

2,296
1712
584

2,549
1916
633

2,869
2158
711

3,014
2430
584

3,202
2716
486

23,007

26,455

14,261

— 10,004

20,465

Gross private domestic investment

,,

... ..,,....

.. ,

Less: Capital consumption allowances with capital consumption adjustment
Equals' Net private domestic investment

..

Fixed investment
.
Less' Capital
consumption allowances with capital consumption adjustment
1
Equals Net fixed investment
..
.
.,
Nonresidential .
Less: Capital consumption allowances with capital consumption adjustment
Equals' Net nonresidential .
..
..

Residential
Less' Capital consumption allowances with capital consumption adjustment
Equals* Net residential

Producers' durable equipment .. .... ,
,
Less' Capital consumption allowances with capital consumption adjustment
Equals: Net producers' durable equipment. .,
,
Change in business inventories

.... ......

., .,

....

..... 25
26
.... 27
28

.,

11,823

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]
Line

1976

1977

1979

1978

1981

1980

Gross private domestic investment ..

1

184.5

2142

2367

236.3

208.4

225.8

Less" Capital consumption allowances with capital consumption adjustment

2

1251

1299

1358

143.0

1496

155.6

Equals' Net private domestic investment .

3

594

843

1009

93.3

588

70.3

4
5
6

1767
1251
516

2009
1299
71 1

2207
135.8
849

229.1
143.0
86.0

213.3
149.6
63.7

216.9
155.6
61.3

7
8
9

125.6
1000
25.6

140.3
1039
36^3

158.3
1091
49.2

169.9
1153
54.6

166.1
1212
44.9

172.0
126.6
45.3

Fixed investment ..
Less: Capital consumption allowances with capital consumption adjustment
Equals: Net fixed investment........
„ ...

......

Nonresidential
,.,.,,....,.
Less' Capital consumption allowances with capital consumption adjustment
Equals: Net nonresidential
...
..
Structures..........
. .
Less1 Capital consumption allowances with capital consumption adjustment
Equals' Net structures
... ...

. , . . . , 10
,, ..., 11
12

39.5
302
93

40.4
309
95

44.6
316
130

49.1
32.6
165

48.5
33.5
15.0

51.6
34.5
170

Producers' durable equipment
,
Less: Capital consumption allowances with capital consumption adjustment
Equals* Net producers' durable equipment

13
.. .. 14
15

86.1
69.8
163

99.9
730
268

113.7
775
362

120.8
827
381

117.6
87.7
29.9

120.4
92.1
28.3

16
17
„ ... 18

51.2
25.1
26.0

60.7
25.9
347

62.4
267
35.6

59.1
277
314

47.2
284
188

44.9
29.0
159

19
20
21

48.7
229
25.8

57.9
236
342

59.5
244
351

56.3
253
31.0

443
258
185

421
264
157

Farm structures
...
.,
.. ..... 22
23
Less' Capital consumption allowances with capital consumption adjustment
24
Equals: Net farm structures

0.8
09
-0.1

1.0
09
0.1

1.0
09
0.0

0.8
09
-0.1

0.8
09
-0.1

0.9
09
01

25
26
27

1.7
13
0.4

1.8
14
0.5

1.9
14
0.5

2.0
15
0.5

2.0
16
0.4

20
17
03

28

7.8

13.3

16.0

7.3

— 5.0

9.0

Residential
„.,....,......,..,
,
, .. ....
,
Less: Capital consumption allowances with capital consumption adjustment
Equals: Net residential ......... , ., ,,
Nonfarm structures
. . .
Less* Capital consumption allowances with capital consumption adjustment
Equals: Net nonfarm structures .......

Producers' durable equipment . . ,,
Less' Capital consumption allowances with capital consumption adjustment
Equals: Net producers' durable equipment
Change in business inventories ...




...

...

July

SURVEY OF CURRENT BUSINESS

71

Table 5.4.—Purchases of Structures by Type
[Millions of dollars]
Line
Purchases of structures

l

Private
Nonresidential
New ..

1976

1978

1977

1981

1980

1979

1

168,767

197,204

234,390

263,884

267,290

285,787

2

128,708

157,913

187,429

213,991

210,714

231,483

3

58,783

64,409

78,734

98,291

110,540

129,736

4

58,795

64,350

78,622

98,144

110,386

129,555

Nonresidential buildings, excluding farm.
Industrial
.. .
Commercial
Religious
Educational
Hospital and institutional ....
Other 2

5

27,010

29,714

37,585

49,619

55,532

64,712

6
7
8
9
10
11

7,183
12,862
956
660
3,396
1,953

7,712
14,865
1,046
660
3,290
2,141

10,994
18,690
1,248
729
3,347
2,577

14,950
25,097
1,548
806
3,530
3,688

13,837
30,133
1,637
1,175
4,046
4,704

17,030
34449
1,665
1,171
4,907
5,490

Public utilities
Railroads.
Telephone and telegraph
Electric light and power
Gas
Petroleum pipelines

12
13
14
15
16
17

19,043
580
3,713
10,652
1,211
2,887

18,891
737
4,278
11,199
1,480
1,197

21,699
1,190
5,336
12,822
1,817
534

25,823
1,189
6,276
15,265
2,502
591

26,153
1,256
6,652
14,979
2,457
809

26,641
1,334
6,990
14,858
2,609
850

Farm
Mining exploration, shafts,
and wells.
Petroleum and natural gas ..
Other
Other 3. .

18
19

3,941
7,724

4,401
10,043

5,179
12,876

5,558
15,692

5,244
22,207

5,311
31,625

20
21
22

6,896
828
1,077

9,111
932
1,301

11,888
988
1,283

14,586
1,106
1,452

20,827
1,380
1,250

29,849
1,776
1266

Brokers' commissions on sale 23
of structures.
Net purchases of used struc- 24
tures.

-222

-172

-180

-238

-277

-322

25

69,925

93,504

108,695

115,700

100,174

101,747

26

62,837

84,068

96,933

102,664

88,972

91,940

Nonfarm
New housing units
Permanent site
1-unit structures . . .
2-or-more unit structures.
Mobile homes
Additions and alterations
Other 4

27
28
29
30
31

61,779
49694
46,690
39 462
7,228

82,572
68912
65,031
54553
10,478

95,249
79573
75,030
61,608
13,422

101,005
83034
78,015
60217
17,798

87,156
67 039
62,692
45216
17,476

89,929
67081
62,215
43 952
18,263

32
33
34

3,004
11,963
122

3,881
13,600
60

4,543
15,576
100

5019
17,913
58

4,347
20,030
87

4866
22,664
184

Farm
New housing units
Additions and alterations

35
36
37

1058
523
535

1496
697
799

1684
721
963

Residential
New

Brokers' commissions on sale 38
of structures.
Net purchases of used struc- 39
tures.

210

231

292

385

1 659
646
1,013

431

1 816
531
1,285

503

2011
560
1,451

7,543

10,102

12,483

13,633

11,987

10,588

-455

-666

-721

-597

-785

-781

40,059

39,291

46,961

49,893

56,576

54,304

41

39382

38453

46060

49 058

55514

53201

42
43
44
45
46
47

13,897
1010
906
6342
1,716
3923

12,749
1 138
942
5459
1581
3629

15,096
1 377
884
6 264
1653
4918

15,698
1 556
1068
6 903
1486
4 685

18,657
2028
1380
8 050
1605
5594

17,933
2 132
1592
6737
1877
5 595

Highways and streets
48
Military facilities
49
Conservation and development... 50

9 743
1,559
3,741

9 380
1595
3,862

10 706
1 644
4,457

11 997
1 667
4,587

13 806
2 141
5,091

13 304
1 983
5,225

Sewer and water systems
Sewer systems
Water
supply facilities
Other 6

51
52
53
54

6973
5,342
1,631
3,469

7 186
5,374
1,812
3681

9426
6765
2,661
4731

9788
7298
2,490
5 321

10 437
7 171
3,266
5 382

8 939
5 935
3,004
5817

Net purchases of used structures... 55

677

838

901

835

1,062

1,103

Government structures and new 40
construction force-account compensation.
New

Buildings, excluding military
Residential
Industrial
Educational
Hospital
Other 5

1

In this table, purchases of structures includes compensation of government employees engaged in new force-account construction. In table 1.3 this compensation is classified as i service and is
included as part of government compensation of employees.
2
Consists of hotels and motels, buildings used primarily for social and receational activities, and buildings not elsewhere classified, such as passenger terminals, greenhous< , and animal
hospitals.
3
Consists of streets, dams and reservoirs, sewer and water facilities, parks, airfields, etc.
4
Consists of dormitories, fraternity and sorority houses, nurses' homes, etc.
5
Consists of general office buildings, police and fire stations, courthouses, auditoriums, garages, passenger terminals, etc.
6
Consists of electric and gas facilities, transit systems, airfields, etc.




72

SURVEY OF CURRENT BUSINESS

July

Table 5.5.—Purchases of Structures by Type in Constant Dollars
[Billions of 1972 dollars]
Line
Purchases of structures

1

.. 1

Private..,....,
• Nonresidential
New

2
3
4

1977

1976

1978

1980

1979

1981

125.1

132.7

131.8

119.7

118.2

88.9

99.2

105.1

106.2

93.7

94.5

39 5

40.4

446

49 1

48 5

51 6

39.5

40.4

44.6

49.0

48.5

51.5

116.8

Nonresidential buildings, excluding farm.
Industrial
Commercial
Religious
Educational.
,
Hospital
and institutional....
Other 2

5

19.4

20.2

23.0

26.5

26.4

29.1

6
7
8
9
10
11

52
9.2
0.7
0.5
2.4
1.4

5.2
10.1
07
0.4
2.2
1.5

67
11.5
0.8
0.4
2.1
1.6

80
13.4
08
0.4
1.9
2.0

66
14.3
08
0.6
1.9
2.2

77
15.5
08
0.5
2.2
2,5

Public utilities
.,
Railroads
Telephone and telegraph
Electric light and power
Gas...
,
Petroleum pipelines

12
13
14
15
16
17

12.3
0.4
2.6
6.8
0.7
1.8

11.6
0.5
2.9
6.7
0.9
0.7

12.5
0.7
3.4
7.2
1.0
0.3

13.5
0.6
3.6
7.8
1.2
0.3

12.5
06
3.4
7.0
1.1
04

114
06
3.0
6.4
1.1
0.4

Farm
... ... ..
Mining exploration, shafts,
and wells.
Petroleum and natural gas ..
Other
Other 3

18
19

2.8
4.2

3.0
4.8

3.2
5.1

3.0
5.3

2.5
6.6

24
8.0

20
21
22

3.6
0.6
07

4.1
0.6
0.8

4.5
0.6
0.7

4.7
0.6
07

5.9
0.7
06

7.2
0.8
05

Brokers' commissions on sale 23
of structures.
Net purchases of used struc- 24
tures.

0.2

0.2

0.2

0.2

0.2

0.2

-0.2

-0.1

-0.1

-0.1

-0.1

-0.1

25

49.5

58.8

60.5

57.1

45.2

42.9

26

445

52.9

540

507

402

388

Nonfarm
New housing units
,
Permanent site
1-unit structures
2-or-more unit structures.
Mobile homes
.,
Additions
and alterations
Other 4

27
28
29
30
31

437
35.2
33.0
27.9
5.1

520
43.4
40.8
34.2
6.6

530
44.4
415
34.1
7.4

499
41.1
382
29.5
8.7

394
30.4
28 1
20.2
7.8

380
28.5
260
18.4
7.6

32
33
34

22
8.5
0.1

2.6
8.5
0.0

28
8.6
01

29
8.8
00

23
9.0
0.0

2.5
9.4
0.1

Farm
New housing units
Additions and alterations

35
36
37

08
04
0.4

10
04
0.5

09
04
0.5

08
03
0.5

08
03
0.6

08
02
0.6

Residential ..
New . .

.

.

Brokers' commissions on sale 38
of structures.
Net purchases of used struc- 39
tures.
Government structures and new 40
construction force-account compensation.
New

, ,... ...

5.3

-0.3

6.3

6.9

6.7

5.4

4.4

-0.3

-0.4

-0.4

27.9

25.8

27.6

25.6

26.0

23.7

253

255

233

-0.3

-0.3

41

274

27 1

252

Buildings, excluding military
Residential.
Industrial .
Educational
Hospital
,
...
Other 5
,
Highways and streets
Military facilities
Conservation and development...

42
43
44
45
46
47
48
49
50

10.2
0.7
06
47
13
28
67
11
2.5

8.7
0.7
06
37
1.2
25
62
11
2.5

9.4
0.8
05
39
12
30
59
10
2.7

8.6
0.8
06
38
10
25
55
09
2.5

9.1
0.9
07
40
09
26
55
11
2.5

8.2
0.9
07
31
1.0
25
54
09
2.3

Sewer and water systems .
Sewer systems......
Water supply facilities
Other 6

51
52
53
54

4.7
36
10
23

45
34
11
24

54
39
15
27

50
38
13
27

49
34
15
24

39
27
13
25

Net purchases of used structures- 55

0.5

0.5

0.5

0.4

0.5

0.5

1

In this table, purchases of structures includes compensation of government employees engaged in new force-account construction. In table 1.4 this compensation is classified as a service and is
included as part of government compensation of employees.
2
Consists of hotels and motels, buildings used primarily for social and receational activities, and buildings, not elsewhere classified, such as passenger terminals, greenhouses, and animal
hospitals.
3
Consists of streets, dams and reservoirs, sewer and water facilities, parks, airfields, etc.
4
Consists of dormitories, fraternity and sorority houses, nurses' homes, etc.
5
Consists of general office buildings, police and fire stations, courthouses, auditoriums, garages, passenger terminals, etc.
6
Cor^ists of electric and gas facilities, transit systems, airfields, etc.




SURVEY OF CURRENT BUSINESS

July

73

Table 5.6.—Private Purchases of Producers' Durable Equipment by Type
[Millions of dollars]
Line

1977

1976

1978

1980

1979

1981

Private purchases of produc- 1
ers' durable equipment.

117,336

143,136

172,708

194,778

201,638

219,589

.... 2

115,286

140,840

170,159

191,909

198,624

216,387

Furniture and fixtures . .
Fabricated metal products
Engines and turbines
.
Tractors

3
4
5
6

4,330
4,926
1,872
3,900

5,584
4,783
2,152
4651

6,513
5,460
2,461
5,119

7 236
6,772
2,735
5243

7895
6,833
2,973
4652

9,363
7,340
4,048
5,050

Agricultural machinery, except
tractors.
Construction machinery, except
tractors.
Mining and oilfield machinery .......
Metalworking machinery

7

4,860

5,414

6,336

7,453

7,038

7,088

8

4,139

6,123

8,192

8,190

6,916

6,887

9
10

2,491
6,588

3,044
7969

3,477
9704

3,896
11754

4,878
13216

5,493
13646

Special industry machinery, n.e.c ..
General industrial, including materials handling, equipment.
Office, computing, and accounting machinery.
Service industry machinery

11
12

6,166
6,633

6,283
7,934

8,191
9,437

8,687
11,255

9,311
11,984

11,635
13,009

13

8,214

10,010

12,964

16,431

19,851

22,582

14

3,538

4,045

4726

5,234

6,117

6,616

Electrical and communication
equipment.
Electrical transmission, distribution, and industrial apparatus.
Communication equipment...,....,.
Electrical equipment, n.e.c

15

17,425

22,447

25,860

28,876

32,385

35,965

16

5,647

7,053

8,170

8,339

9,095

9,507

17
18

10,058
1,720

12,455
2,939

14,791
2,899

17,286
3251

19,942
3,348

22,867
3591

Trucks, buses, and truck trailers ...
Autos....
Aircraft
Ships and boats »....,.
Railroad equipment
.,
Instruments
. .•.. .
Other

19
20

13,434
9,578
1932
1,828
2,286
8402
3,558

18,084
12,555
2,285
1,805
2,842
9,747
3,642

22,699
14,693
3065
2,033
3,806
11,979
4,408

24,466
13,410
5256
2330
5,548
13360
5,568

17,850
12,099
5956
3,062
5,599
15593
5,982

17,128
13571
7356
2?851
4553
16898
6,848

Less: Sale of equipment scrap, 26
excluding autos.

814

559

964

1,791

1,566

1,540

27

2,050

2,296

2,549

2,869

3014

3202

Nonresidential

... ,,, ...

Residential

,

21
22
23
24
25

.

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: Private purchases of new
equipment.

28

117,336

143,136

172,708

194,778

201,638

219,589

29

1,063

1,322

1,599

1,662

1,633

1,789

30

161

166

188

209

236

256

31

6,439

7,205

8,326

9,988

9,828

11,565

32

722

639

711

675

782

524

33
34

832
124,105

577
150,069

981
180,939

1,810
205,380

1,584
211,963

1,558
231,191

n.e.c. Not elsewhere classified.

Table 5.7.—Private Purchases of Producers' Durable Equipment by Type in Constant Dollars
[Billions of 1972 dollars]
Line

1976

1977

1978

1980

1979

1981

Private purchases of produc- 1
ers' durable equipment.

87.8

101.7

115.6

122.9

119.6

122.4

,.

2

861

999

1137

1204

3
.. .. 4
5
6

31
34
1.2
26

37
31
L3
28

39
34
14
28

1208
40
38
1*4
27

117 6

Furniture and fixtures
Fabricated metal products
Engines and turbines
,
Tractors..
...

40
36
14
21

44
37
17
20

3.3

3.4

3.6

3.9

3.3

3.0

2.7

3.7

4.5

4.2

3.1

2.8

1.5
4.6

1.6
5.1

1.7
58

1.7
63

1.9
63

1.8
58

Special industry machinery, n.e.c .. .11
General industrial, including ma- 12
terials handling, equipment.
Office, computing, and account- 13
ing machinery.
Service industry machinery ........ 14

4.0
4.4

3.9
5.0

4.6
5.5

4.4
6.1

4.2
5.8

4.7
5.7

8.0

9.8

12.6

16.2

19.3

22.2

2.6

2.9

3.2

33

34

34

15

13.1

16.4

18.4

19.9

21.7

22.0

16

3.9

4.7

5.1

4.9

4.9

4.6

17
18

8.0
1.2

9.8
1.9

11.6
17

13.3
17

15.2
16

15.8
16

19
20
21
22

9.8
8.7
14
1.3

12.2
10.9
15
1.2

14.0
11.6
19
1.2

13.8
10.1
29
1.3

9.1
8.3
29
1.5

7.7
9.5
32
13

. . . . ........ 23
24
25

1.4
6.9
26

1.6
7.7
26

2.0
91
30

2.6
9.6
34

2.4
10.5
33

1.7
108
35

Less: Sale of equipment scrap, 26
excluding autos.

0.4

0.3

0.5

0.7

0.6

0.6

27

1.7

1.8

1.9

2.0

2.0

2.0

Nonresidential

.....

Agricultural machinery, except 7
tractors.
Construction machinery, except 8
tractors.
9
Mining and oilfield machinery
10

Electrical and communication
equipment.
Electrical transmission, distribution, and industrial apparatus.
Communication equipment
Electrical equipment n e e
Trucks, buses, and truck trailers ...
Autos
Aircraft
Ships and boats . .. .
........
Railroad equipment
Instruments
Other

Residential
n.e.c. Not elsewhere classified.




74

SURVEY OF CURRENT BUSINESS

July

Table 5.8.—Change in Business Inventories by Industry
Millions of dollars
Line

1976

1977

1978

Billions of dollars, seasonally adjusted at annual rates

1979

1978

1977

1980

I

II

I

IV

III

II

III

IV

1

11,823

23,007

26,455

14,261

-10,004

20,465

19.6

23.3

32.1

17.1

25.3

30.8

23.5

Farm

2

-2,049

1,139

1,063

5,669

-4,278

5,486

1.0

1.0

1.0

1.7

1.0

1.0

1.0

1.3

Nonfarm
Change in book value
Inventory valuation adjustment 1

3
4
5

13,872
31,084
-17,212

21,868
40,450
-18,582

25,392
53,579
-28,187

8,592
58,787
50 195

5726
45,327
51 053

14,979
43,540
28 561

18.7
43.7
251

22.3
38.5
16 2

31.1
43.8
-12.7

15.4
35.8
204

24.3
48.4
-24.1

29.8
56.7
269

22.4
50.1
277

25.0
59.1
34 1

6
7
8

5,865
3,027
2,838

5,248
2,672
2,576

9,334
8,461
873

9,250
9,837
-587

1,393
1,334
59

6,031
4,372
1,659

2.4
1.6
0.7

6.3
1.1
5.2

10.3
5.3
4.9

2.1
2.6
-0.6

6.3
5.8
0.5

10.1
9.2
1.0

11.3
9.7
1.5

9.6
9.1
0.5

9
10
11

4,706
2,822
1,884

7,241
3,453
3,788

5,827
4,827
1,000

2,758
1,384
1,374

564
992
428

2,801
2,743
58

6.7
2.1
4.6

6.0
2.9
3.1

8.6
3.8
4.8

7.7
5.0
2.7

10.3
8.0
2.2

4.8
4.4
0.4

0.9
2.1
12

7.4
4.8
2.6

Merchant wholesalers
Durable goods
Nondurable goods

12
13
14

4,644
2,665
1,979

5,784
3,127
2,657

5,602
4,219
1,383

1,459
836
623

1,304
1,264
40

3,032
2,754
278

4.2
1.9
2.3

4.7
2.5
2.1

7.6
3.5
4.1

6.7
4.6
2.1

12.3
7.6
4.7

4.5
3.6
0.9

-0.5
1.2
-1.8

6.1
4.4
1.7

Nonmerchant wholesalers
Durable goods
Nondurable goods

15
16
17

62
157
95

1,457
326
1,131

225
608
-383

1,299
548
751

-740
-272
468

-231
-11
-7220

2.5
0.2
2.3

1.3
0.4
0.9

1.0
0.3
0.7

1.0
0.4
0.6

-2.0
0.4
25

0.2
0.7
05

1.4
0.9
0.5

1.3
0.4
0.9

Retail trade
Durable goods
Nondurable goods

18
19
20

4,064
2,346
1,718

6,062
3,198
2,864

6,312
2,963
3,349

-2,504
828
-1,676

-5,579
5,425
-154

6,470
2,647
3,823

5.4
3.2
2.2

5.7
2.1
3.6

7.4
4.7
2.7

5.7
2.8
2.9

8.2
4.0
4.3

5.6
0.0
5.7

4.4
1.4
2.9

7.0
6.5
0.5

Other
Durable goods 2 2
Nondurable goods

21
22
23

-763
-522
241

3,317
1,046
2,271

3,919
2,868
1,051

912
95
-1,007

2104
-2,093
-11

-323
-1,036
713

4.1
-1.0
5.2

4.3
4.7
-0.3

4.9
1.3
3.5

-0.1
-0.8
0.7

-0.5
2.7
31

9.3
5.0
4.3

5.9
3.5
2.5

0.9
0.3
0.6

Change in business inventories

Manufacturing
Durable goods
Nondurable goods
Wholesale trade
.
Durable goods
Nondurable goods

.

.

.

26.2

Billions of dollars, seasonally adjusted at annual rates

1979

Line
II

I

Change in business inventories
Farm

1980
III

1

21.5

26.4

11.8

2

5.0

5.5

7.0

I

II

-2.6

-0.7

-0.4

21.2

-1.4

-4.4

-5.8

5.1

1982

1981

IV

III

III

IV

I

II

IV

I

-17.7

12.2

24.6

31.8

13.2

-35.6

-5.5

2.2

5.3

7.2

7.2

0.4

-0.5

19.3
45.0
-25.7

24.6
48.9
243

6.0
26.6
205

-36.0
-30.5
56

-19.2
-14.7
-4.4

II

-19.7

3
4
5

16.5
58.3
-41.9

20.9
69.0
480

4.7
57.2
-52.5

-7.8
50.6
-58.4

0.7
67.5
-66.8

4.0
39.0
-35.0

-15.4
35.0
-50.3

-12.3
39.8
-52.1

10.0
53.7
-43.7

Manufacturing
Durable goods
Nondurable goods

6
7
8

12.9
13.7
07

11.0
10.3
0.6

8.7
7.1
1.6

4.4
8.3
-3.9

14.9
4.6
10.3

7.5
6.3
1.2

122
-5.0
-7.2

46
-0.5
-4.1

12.7
5.8
6.9

5.0
3.6
1.5

15.1
15.4
-0.3

-8.7
7.2
-1.4

-17.8
148
-3.0

-15.5
60
9.6

Wholesale trade
Durable goods
Nondurable goods

9
10
11

4.0
3.7
0.3

1.3
-0.9
2.2

5.4
4.4
1.0

0.4
1.7
2.1

0.5
24
2.9

5.1
4.8
0.3

-1.5
13
01

-1.9
2.9
48

-0.6
-1.4
0.7

3.1
4.3
-1.2

1.6
2.8
-4.4

10.4
5.3
5.1

12.5
-6.6
-5.8

-2.3
-1.7
-0.6

12
13
14

4.7
2.2
2.5

0.1
11
1.2

3.0
3.7
-0.8

20
-1.5
-0.5

32
-1.8
-1.3

5.6
5.0
0.6

2.6
-1.1
3.7

0.2
2.9
-2.8

-4.9
14
-3.6

5.5
4.4
1.1

0.6
1.7
-1.0

10.9
6.3
4.6

-8.1
-5.1
-3.1

15
16
17

-0.8
1.5
23

1.2
0.2
1.0

2.4
0.7
1.7

2.3
0.2
2.6

3.7
-0.5
4.2

-0.6
-0.2
03

-4.1
-0.3
-3.8

-2.0
0.0
-2.0

4,3
0.0
4.3

-2.2
1.1
-3.3

-0.5
-1.0
0.5

-4.3
-1.5
-2.8

-4.4
-0.6
-3.8

18
19
20

-1.6
2.2
3.8

7.5
7.0
0.5

-2.7
-5.1
2.3

-0.4
-4.1
3.8

-4.3
-0.3
-4.0

2.3
-3.9
1.6

11.6
4.3
7.3

1.7
1.0
2.7

-8.7
8.6
0.0

-1.2
1.5
2.7

21
22
23

1.2
-0.4
1.6

1.2
1.1
0.1

-5.9
-6.5
0.6

-1.4
-2.6
1.3

-1.5
2.5
-4.0

0.2
1.7
-1.5

-0.5
-2.7
2.2

2.7
-2.7
5.4

2.9
-0.8
3.7

-0.1
0.0
-0.1

Nonfarm
Change in book value
Inventory valuation adjustment 1

Merchant wholesalers
Durable goods
Nondurable goods

.

.

Nonmerchant wholesalers
Durable goods
Nondurable goods
Retail trade
Durable goods.
Nondurable goods
Other
Durable goods 2
Nondurable goods 2

•

.

.

. . . .

.

-7.3
-5.5
-1.8
21
1.5
3.6

-8.6
-7.1
-1.6
-3.9
-1.8
-2.1

-15.0
-12.2
-2.8
0.3
-1.7
2.1

-2.4
-0.1
-2.3
14.9
11.2
3.8
-3.7
-0.5
-3.2

2.1
11
3.2

1
Beginning with 1973, 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-in,
first-out; last-in, first-out, etc.) underlying book value inventories derived primarily from Census Bureau statistics. This mix differs from that underlying business income derived primarily from
Internal
Revenue Service statistics. Prior to 1973, the two IVA's are the same because information required for separate estimates is not available.
2
Prior to 1959, inventories held by construction establishments are included in line 23. In 1959, the change in business inventories for construction establishments was $329 million.




75

SURVEY OF CURRENT BUSINESS

July

Table 5.9.—Change in Business Inventories by Industry in Constant Dollars
[Billions of 1972 dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1978

1980

1979

1977

1981
I

II

18.4

13.3

0.1

0.0

0.1

19.2

10.0

17.3

18.4

13.3

15.1

3.7
0.8
2.9

6.3
3.5
2.8

1.4
1.9
-0.5

4.3
3.9
0.3

6.5
5.7
0.8

6.6
5.7
0.9

5.4
5.3
0.1

3.4
1.4
2.0

3.6
1.9
1.7

5.2
2.4
2.8

4.6
3.2
1.5

6.9
4.9
1.9

3.3
2.7
0.6

0.6
1.3
0.7

4.6
3.1
1.4

1.5
1.2
0.3

2.5
1.2
1.3

3.0
1.7
1.3

4.7
2.2
2.5

4.2
2.9
1.3

7.3
4.6
2.7

2.9
2.2
0.7

01
0.8
-0.9

4.0
2.9
1.1

02
-0.1
-0.1

0.0
0.0
0.0

0.9
0.1
0.7

0.6
0.2
0.4

0.5
0.2
0.3

0.5
0.3
0.2

-0.4
0.3
07

0.4
0.4
01

0.7
0.5
0.2

0.5
0.2
0.3

-1.3
0.4
-0.9

-3.0
3.0
0.0

3.1
1.2
1.8

3.9
2.3
1.6

4.1
1.5
2.6

5.1
3.2
1.9

4.1
1.9
2.1

5.6
2.7
2.8

3.8
0.0
3.8

3.0
1.0
2.0

4.5
4.2
0.3

0.2
0.1
0.3

-1.0
-1.0
0.0

-0.2
-0.5
0.2

2.1
07
2.7

2.8
2.9
-0.1

2.6
0.8
1.8

0.0
05
0.4

0.5
1.5
-1.0

4.8
2.8
2.0

3.0
1.9
1.1

0.6
0.2
0.4

10.5

13.8

2.1

2.1

0.5

-0.5

9.6

13.6

16.0

4.9

2.9

6.8

10.9

14.2

4
5
6

3.8
2.0
1.7

3.2
1.8
1.4

5.7
5.2
0.6

5.2
5.6
-0.4

0.9
1.0
-0.1

2.6
1.9
0.7

1.6
1.1
0.4

7
8
9

3.3
2.0
1.3

4.2
2.2
2.0

3.8
3.0
0.8

1.2
0.9
0.3

0.3
0.4
0.1

1.5
1.2
0.3

Merchant wholesalers
Durable goods
Nondurable goods

10
11
12

3.1
1.9
1.3

3.6
2.0
1.6

3.5
2.6
0.9

0.9
0.6
0.3

0.5
0.6
0.1

Nonnierchant wholesalers
Durable goods
Nondurable goods

13
14
15

0.1
0.1
0.0

0.6
0.2
0.4

0.3
0.4
01

0.3
0.3
0.0

16
17
18

3.0
1.7
1.3

4.3
2.2
2.1

4.2
2.0
2.3

19
20
21

-0.4
-0.3
0.0

1.9
0.7
1.2

2.2
1.6
0.6

Nonfarm

3

Manufacturing
Durable goods
...
Nondurable goods

. .

..

Wholesale trade
Durable goods
Nondurable goods

Retail trade
Durable goods
Nondurable goods

..

Other ..
.. .
Durable goods * l
Nondurable goods

..

.

...

......

IV

III

0.0

9.0

2.4

7.8

-1.9

II

17.3

7.3

0.0

1
2

I

0.1

16.0

... ,

IV

10.1

-5.0

13.3
-0.3

Change in business inventories
Farm

1978
HI

18.7
-0.4

15.2

Seasonally adjusted at annual rates

1979

Line
II

I

1980
III

IV

I

II

1

12.9

13.7

4.8

23

-2.6

2

2.1

2.3

3.1

2.1

-0.7

-2.4

3

10.8

11.5

1.6

-4.4

-1.9

-0.1

4
.... 5
6

8.0
8.2
0.1

5.9
5.7
0.2

4.1
3.8
0.3

2.6
4.7
-2.1

6.4
2.9
3.5

7
8
9

2.9
2.3
0.7

0.4
-0.4
0.8

2.2
2.5
0.3

-0.8
-0.8
0.0

10
11
12

2.8
1.4
1.4

0.1
-0.6
0.7

1.5
2.1
-0.6

13
14
15

0.2
0.9
-0.7

0.3
0.1
0.2

Retail trade
Durable goods
Nondurable goods

16
17
18

-0.7
1.5
2.3

Other
Durable goods *
Nondurable goods 1

19
20
21

0.6
-0.2
0.8

Chan e in business inventories
Farm

....

Nonfarm
Manufacturing
Durable goods
Nondurable goods
Wholesale trade
Durable goods
Nondurable goods

,

Merchant wholesalers
Durable goods
Nonmerchant wholesalers
Durable goods
Nondurable goods

1

. ,

1981
III

25

IV

I

II

1982
III

IV

I

II

2.4

12.1

16.5

4.8

15 4

-2.5

0.4

1,9

3.0

3.2

0.2

-5.7

-3.7

2.0

10,2

13.6

1.6

-15.6

6.6

3.4
3.1
0.3

-4.7
18
28

-1.5
-0.1
-1.3

4.2
2.3
1.9

2.1
1.8
0.3

7.6
6.5
1.0

-3.6
3.1
-0.5

-8.1
6.5
-1.6

-4.6
24
-2.2

03
-0.5
0.2

1.2
1.7
05

0.4
-0.7
1.0

-0.2
1.1
-1.2

-1.5
-1.0
05

1.8
2.0
02

1.1
1.4
03

4.5
2.3
2.2

-4.5
-2.7
19

-1.2
11
-0.1

10
07
-0.3

-0.8
02
06

1.4
1.9
-0.5

1.2
-0.5
1.7

0.2
1.1
-0.9

-2.1
10
-1.1

2.1
2.0
0.1

1.0
0.9
0.0

4.8
2.7
2.1

-3.4
20
-1.4

-0.4
-0.8
0.4

0.7
0.4
0.3

0.2
-0.1
0.3

0.5
-0.3
0.8

01
-0.1
0.0

-0.8
-0.1
-0.7

-0.3
0.0
-0.3

0.6
0.0
0.6

03
0.0
-0.3

0.1
0.5
-0.3

03
-0.4
0.1

11
-0.7
0.5

-0.8
-0.2
06

4.5
4.2
0.2

-4.1
-3.2
1.0

-4.6
-4.1
06

75
-6.3
12

-1.9
-2.9
1.1

-0.7
-2.5
1.7

-2.0
-0.3
17

-0.9
-2.1
1.2

7.0
5.5
1.6

5.5
1.9
3.5

0.6
-0.4
1.0

-4.0
-4.2
0.2

-1.0
0.6
-1.5

0.7
0.5
0.1

05
0.8
-1.3

-1.7
-0.9
-0.8

05
-0.8
0.4

29
31
0.2

-0.7
-1.2
0.5

0.0
1.1
12

0.1
0.8
-0.6

-0.8
02
0.6

06
-1,2
0.7

0.2
-1.2
1.4

1.0
-0.3
1.4

0.2
0.0
0.2

85
28

62

-6.9
0.3

Prior to 1959, inventories held by construction establishments are included in line 21. In 1959, the constant dollar change in business inventories for construction establishments was $.4

tillion.




Table 5.10.—Inventories and Final Sales of Business
[Billions of dollars]
Seasonally adjusted quarterly totals

1977

Line

I
Inventories 1....

1

488.1

1979

1978

II

III

IV

494.7

505.6

519.5

I
541.3

I

1981

1980

II

III

IV

1982

II

III

IV

II

III

IV

562.7

579.4

602.3

631.2

657.1

680.0

705.0

724.1

737.2

757.3

776.0

791.6

804.2

814.3

822.4

809.7

80.7

81.7

81.3

81.9

79.0

81.1

86.2

86.9

85.9

86.5

81.5

81.8

84.5

87.0

I

II

III

IV

I

I

II
811.4

Farm

2

62.5

59.3

57.0

59.9

66.4

70.1

70.8

73.9

Nonfarm
Durable goods 2., 2 ,
Nondurable goods

3
4
5

425.6
242.9
182.7

435.5
249.8
185.7

448.7
258.3
190.3

459.6
264.6
195.0

474.9
275.5
199.4

492.5
286.5
206.0

508.6
297.0
211.6

528.3
309.8
218.6

550.5
324.6
225.9

575.4
337.0
238.5

598.7
348.8
249.9

623.1
362.2
261.0

645.1
369.5
275.6

656.1
372.6
283.5

671.1
378.8
292.3

689.1
389.9
299.2

705.7
395.1
310.6

717.7
406.3
311.5

732.8
418.5
314.2

740.5
421.8
318.8

725.2
412.3
312.9

724.3
412.9
311.4

Manufacturing
Durable goods
Nondurable goods

6
7
8

211.2
134.4
76.8

215.5
137.5
77.9

220.6
141.3
79.3

224.7
144.0
80.6

230.4
148.3
82.1

237.4
153.7
83.7

245.3
159.4
85.8

254.2
166.0
88.3

266.6
175.4
91.2

279.1
182.5
96.6

291.8
189.9
101.9

306.6
200.0
106.6

321.0
206.9
114.1

328.1
210.0
118.2

333.2
213.5
119.7

342.6
218.9
123.8

352.6
223.0
129.6

357.2
227.6
129.6

365.1
235.8
129.3

366.4
236.8
129.6

358.1
231.4
126.7

356.2
231.2
125.0

Wholesale trade
Durable goods
Nondurable goods

9
10
11

90.6
56.7
34.0

92.1
58.2
33.9

95.1
60.4
34.7

98.7
62.6
36.1

103.6
66.1
37.6

107.0
68.6
38.4

109.7
70.7
39.1

114.6
73.6
41.0

119.4
76.6
42.8

124.4
78.4
46.0

130.4
81.9
48.6

135.7
84.6
51.1

140.5
86.5
54.0

144.0
88.7
55.2

148.5
90.9
57.6

153.0
94.4
58.7

156.5
95.4
61.0

158.1
98.2
59.8

159.5
100.7
58.8

163.0
103.0
60.0

158.4
101.5
56.9

158.6
101.6
57.1

Merchant wholesalers
Durable goods
Nondurable goods

12
13
14

72.9
47.0
25.9

73.8
48.2
25.5

76.2
50.2
26.1

79.3
52.1
27.3

84.5
55.2
29.3

87.4
57.3
30.2

89.3
58.9
30.4

93.1
61.4
31.7

97.1
63.6
33.5

100.6
65.0
35.6

104.5
67.9
36.7

107.8
70.0
37.8

110.4
71.8
38.7

113.7
74.0
39.7

118.5
75.9
42.6

122.3
79.0
43.3

123.3
80.0
43.3

126.0
82.6
43.5

127.4
84.6
42.8

130.8
86.9
43.9

128.5
85.9
42.6

129.8
86.0
43.8

Nonmerchant wholesalers
Durable goods
Nondurable goods...

15
16
17

17.7
9.7
8.1

18.3
10.0
8.4

18.9
10.3
8.6

19.4
10.5
8.8

19.1
10.9
8.2

19.6
11.3
8.3

20.5
11.8
8.7

21.4
12.2
9.3

22.2
13.0
9.3

23.8
13.3
10.4

25.9
14.0
•11.9

27.8
14.5
13.3

30.0
14.7
15.3

30.3
14.7
15.5

30.0
15.0
14.9

30.7
15.3
15.4

33.2
15.5
17.7

32.0
15.7
16.3

32.1
16.2
16.0

32.2
16.1
16.1

29.9
15.6
14.3

28.8
15.5
13.3

18
19
20

85.9
40.9
45.0

88.3
41.8
46.4

91.1
43.6
47.6

93.7
44.8
48.9

97.6
46.9
50.7

101.7
48.4
53.3

104.7
49.8
54.9

109.0
52.5
56.5

111.7
54.5
57.2

116.3
57.4
58.9

118.2
57.5
60.7

121.0
58.5
62.6

121.3
57.1
64.2

122.4
56.3
66.2

126.1
57.2
68.9

127.7
58.4
69.3

129.0
57.8
71.3

134.2
61.3
72.9

139.1
63.6
75.5

140.7
64.1
76.6

137.6
61.8
75.8

138.1
62.4
75.7

Retail trade
Durable goods
Nondurable goods

,

... ..... .

21

37.8

39.7

41.9

42.5

43.2

46.5

48.9

50.6

52.8

55.6

58.3

59.8

62.2

61.5

63.4

65.7

67.6

68.3

69.1

70.5

71.1

71.4

22
23

127,5
81.8

131.8
85.0

135.4
86.9

138.9
89.1

140.8
89.5

149.1
96.1

154.2
99.6

159.5
103.2

163.7
105.7

166.1
106.8

172.6
111.6

176.9
113.8

182.0
116.8

181.2
113.9

188.2
118.5

194.9
123.3

201.8
128.3

203.3
128.1

208.5
130.6

210.4
130.7

213.8
132.2

216.1
132.9

Inventories to final sales
24
Nonfarm inventories to final sales .... 25
Nonfarm inventories to final sales 26
of goods and structures.

3.83
3.34
5.20

3.75
3.30
5.13

3.73
3.31
5.16

3.74
3.31
5.16

3.84
3.37
5.31

3.77
3.30
5.13

3.76
3.30
5.11

3.78
3.31
5.12

3.86
3.36
5.21

3.96
3.46
5.39

3.94
3.47
5.37

3.99
3.52
5.47

3.98
3.54
5.52

4.07
3.62
5.76

4.02
3.57
5.67

3.98
3.54
5.59

3.92
3.50
5.50

3.96
3.53
5.60

3.91
3.51
5.61

3.91
3.52
5.67

3.79
3.39
5.48

3.75
3.35
5.45

Other
Final sales 3
Final sales of goods and
structures.
Ratio of inventories to final sales

1
Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories calculated from current-dollar inventories in this table is not the current-dollar change in business inventories (CBI) component of GNP. The former is the
difference between two inventory stocks, each valued at their respective end-of-quarter prices. The latter is the change in the physical volume of inventories valued at average prices of the quarter. In addition, changes calculated from this table are at
quarterly rates, whereas CBI is stated at annual rates.
2
Prior to 1959, inventories held by construction establishments are included in line 5. In 1959, the value of inventories held by construction establishments was $2.6 billion.
3
Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households and institutions, government, and rest of the world, and includes a small amount of final sales by farms.




C-4

vT

I

Table 5.11.—-Inventories and Final Sales of Business in Constant Dollars
[Billions of 1972 dollars]
Seasonally adjusted quarterly totals

1977

Line

I
1

1979

1978

II

III

IV

I

II

III

IV

I

III

IV

I

1982

1981

1980

II

II

III

IV

I

II

III

IV

I

II

1

309.6

313.1

317.8

320.3

324.6

329.2

332.5

336.3

339.5

343.0

344.2

343.6

342.9

342.3

340.2

338.6

339.2

342.3

346.4

347.6

343.7

Farm.

2

41.0

40.9

40.8

40.8

40.8

40.8

40.8

40.8

41.3

41.9

42.7

43.2

43.0

42.4

41.7

41.1

41.2

41.7

42.4

43.2

43.3

43.2

Nonfarm
Durable goods 2 2
Nondurable goods

3
4
5

268.6
159.4
109.2

272.2
161.2
111.0

277.0
163.7
113.3

279.5
165.3
114.2

283.8
168.6
115.2

288.4
171.4
117.1

291.7
173.8
117.9

295.5
177.0
118.5

298.2
180.0
118.2

301.1
182.5
118.6

301.5
183.5
118.0

300.4
183.2
117.2

299.9
182.0
117.9

299.9
181.7
118.1

298.4
180.2
118.3

297.5
180.6
116.9

298.0
180.7
117.4

300.6
182.9
117.6

304.0
185.1
118.9

304.4
184.5
119.9

300.5
181.0
119.4

298.8
180.3
118.5

Manufacturing
Durable goods
Nondurable goods

6
7
8

131.3
86.6
44.7

132.2
86.8
45.4

133.7
87.6
46.1

134.1
88.1
46.0

135.2
89.1
46.1

136.8
90.5
46.3

138.5
91.9
46.5

139.8
93.3
46.5

141.8
95.3
46.5

143.3
96.7
46.6

144.3
97.7
46.7

145.0
98.8
46.1

146.6
99.6
47.0

147.4
100.4
47.1

146.3
99.9
46.4

145.9
99.9
46.0

146.9
100.5
46.5

147.5
100.9
46.6

149.4
102.5
46.8

148.4
101.8
46.7

146.4
100.1
46.3

145.3
99.5
45.7

Wholesale trade
Durable goods
Nondurable goods

9
10
11

56.3
37.1
19.3

57.2
37.6
19.7

58.5
38.2
20.4

59.7
39.0
20.7

61.4
40.2
21.2

62.2
40.9
21.4

62.4
41.2
21.2

63.5
42.0
21.5

64.3
42.5
21.7

64.4
42.4
21.9

64.9
43.1
21.8

64.7
42.9
21.8

64.6
42.8
21.9

64.9
43.2
21.7

65.0
43.0
22.0

65.0
43.3
21.7

64.6
43.1
21.6

65.1
43.6
21.5

65.4
43.9
21.4

66.5
44.5
22.0

65.3
43.8
21.5

65.0
43.5
21.5

12
13
14

46.1
30.8
15.3

46.8
31.2
15.6

48.0
31.8
16.2

49.0
32.5
16.5

50.8
33.6
17.2

51.6
34.2
17.4

51.5
34.4
17.1

52.5
35.1
17.4

53.2
35.5
17.8

53.3
35.3
17.9

53.6
35.9
17.8

53.4
35.7
17.7

53.2
35.6
17.5

53.5
36.1
17.4

53.8
36.0
17.9

53.9
36.3
17.6

53.4
36.0
17.3

53.9
36.5
17.4

54.1
36.7
17.4

55.3
37.4
17.9

54.5
36.9
17.6

54.4
36.7
17.7

15
16
17

10.3
6.3
4.0

10.4
6.4
4.1

10.6
6.4
4.1

10.7
6.5
4.2

10.6
6.6
4.0

10.7
6.7
4.0

10.9
6.8
4.1

11.0
6.9
4.1

11.0
7.1
3.9

11.1
7.1
4.0

11.3
7.2
4.1

11.3
7.2
4.1

11.5
7.1
4.3

11.4
7.1
4.3

11.2
7.1
4.2

11.1
7.1
4.1

11.3
7.1
4.2

11.2
7.0
4.2

11.2
7.2
4.1

11.1
7.1
4.1

10.9
6.9
4.0

10.7
6.8
3.8

Retail trade .
Durable goods
Nondurable goods

18
19
20

59.8
28.9
30.9

60.8
29.2
31.6

62.1
30.0
32.0

63.1
30.5
32.6

64.5
31.2
33.3

65.4
31.2
34.2

66.2
31.4
34.7

67.3
32.5
34.8

67.1
32.9
34.3

68.3
33.9
34.3

67.2
33.1
34.1

66.1
32.1
33.9

64.2
30.5
33.7

63.7
29.8
33.9

63.5
29.2
34.3

63.0
29.1
33.9

62.8
28.6
34.2

64.6
30.0
34.6

65.9
30.4
35.5

66.1
30.3
35.7

65.1
29.3
35.8

64.8
29.4
35.4

Other

21

Inventories

Merchant wholesalers .
Durable goods
Nondurable goods

...

Nonmerchant wholesalers
Durable goods
Nondurable goods

342.0

21.3

22.0

22.6

22.6

22.8

24.0

24.7

24.9

25.0

25.2

25.0

24.6

24.5

23.8

23.6

23.6

23.6

23.4

23.3

23.4

23.6

23.7

22
23

93.9
60.2

95.4
61.4

96.7
62.1

97.6
62.7

97.5
62.1

100.6
64.8

101.7
65.7

103.0
66.7

103.3
66.5

102.8
65.7

104.6
67.3

105.4
67.7

105.8
67.8

102.7
64.5

103.7
65.2

105.0
66.5

106.4
67.7

105.2
66.4

105.5
66.4

104.6
65.6

105.0
65.8

104.7
65.4

Inventories to final sales .
24
Nonfarm inventories to final sales .... 25
Nonfarm inventories to final sales 26
of goods and structures.

3.30
2.86
4.46

3.28
2.85
4.43

3.29
2.87
4.46

3.28
2.86
4.46

3.33
2.91
4.57

3.27
2.87
4.45

3.27
2.87
4.44

3.27
2.87
4.43

3.29
2.89
4.49

3.34
2.93
4.58

3.29
2.88
4.48

3.26
2.85
4.44

3.24
2.84
4.42

3.33
2.92
4.65

3.28
2.88
4.58

3.22
2.83
4.48

3.19
2.80
4.40

3.25
2.86
4.53

3.28
2.88
4.58

3.32
2.91
4.64

3.27
2.86
4.57

3.27
2.85
4.57

Final sales 3
Final sales of goods and
structures.
Ratio of inventories to final sales

1
2
3

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.
Prior to 1959, inventories held by construction establishments are included in line 5. In 1959, the constant-dollar value of inventories held by construction establishments was $3.4 billion.
Quarterly totals at monthly rates. Business final sales equals final sales less gross product of households and institutions, government, and rest of the world, and includes a small amount of final sales by farms.




78

SURVEY OF CURRENT BUSINESS

July

6. Product, Income, and Employment by Industry
Table 6.1.—Gross National Product by Industry
[Billions of dollars]
Line
Gross national product
Domestic industries (gross domestic product)

1977

1976

1980

1979

1978

1981

1

1,718.0

1,918.3

2,163.9

2,417.8

2,633.1

2,937.7

2

1,697.5

1,894.9

2,134.3

2,375.2

2,587.0

2,888.5
2,553.8

3

1,472.0

1,656.3

1,877.7

2,097.0

2,276.3

Agriculture, forestry, and fisheries
Farms
...
Agricultural services, forestry, and fisheries

4
5
6

51.2
459
5.3

54.6
484
6.2

66.0
587
7.2

79.6
71.6
8.0

74.1
65.4
8.7

85.6
75.8
9.8

Mining

7

430

474

520

668

941

127.2

Construction

8

76.6

86.6

102.1

115.7

121.2

127.2

Manufacturing
Durable goods
Nondurable goods

9
10
11

4104
240.0
1704

4648
277.7
187.1

5187
316.7
2020

5632
344.3
218.9

581.2
347.8
233.4

644.0
388.4
255.6

Transportation and public utilities
Transportation
Communication
Electric gas and sanitary services

12
13
14
15

1526
63.2
45.1
443

170.9
71.6
49.5
49.8

193.3
82.1
55.8
553

209.6
91.5
60.5
576

232.4
99.2
68.0
65.2

261.9
107.6
77.9
76.4

Wholesale trade

16

1259

138.6

156.5

176.9

189.2

212.2

Private industries

Retail trade

17

1655

183.7

205.8

2246

236.5

260.5

Finance insurance and real estate
Finance and insurance
Real estate

18
19
20

238.6
64.1
174.5

275.5
77.2
198.4

317.4
93.4
224.0

3583
105.0
253.3

405.2
116.1
289.1

448.2
124.3
324.0

Services

21

208.2

234.3

265.9

302.4

342.5

386.9

22

220.4

237.2

259.1

279.6

306.8

336.7

23
24

1946
25.8

2103
26.8

2293
29.8

2474
32.2

272.8
34.0

299.7
37.0

Government and government enterprises
Government
Government enterprises
Statistical discrepancy
Rest of the world

25

51

14

26

15

3.9

— 1.9

26

20.5

23.5

29.6

42.6

46.1

49.2

Table 6.2.—Gross National Product by Industry in Constant Dollars
[Billions of 1972 dollars]
Line

1977

1976

1980

1979

1978

1981

1

1,298.2

1,369.7

1,438.6

1,479.4

1,474.0

1,502.6

2

1,282.6

1,352.8

1,418.7

1,453.2

1,447.9

1,477.2

3

1,113.3

1,178.3

1,243.8

1,288.0

1,276.0

1,309.8

Agriculture, forestry, and fisheries
Farms
Agricultural services, forestry, and fisheries

4
5
6

35.8
321
3.7

36.9
331
3.8

37.0
32.6
4.4

38.9
34.2
4.7

39.1
34.2
4.8

43.4
38.4
5.0

Mining

7

191

195

20 1

208

21.6

22.3

Construction

8

52.8

55.0

58.8

58.2

53.3

52.0

Manufacturing
Durable goods
Nondurable goods

9
10
11

3174
1872
1301

339.2
2029
1363

357.2
2174
1398

367.0
223.4
1436

351.2
210.0
141.2

359.2
215.3
143.9

Transportation and public utilities
Transportation
Communication
Electric gas and sanitary services

12
13
14
15

1186
485
389
312

125.1
51.2
416
323

134.2
55.0
457
335

140.0
56.3
490
347

140.8
52.3
53.4
35.1

142.1
50.5
56.3
35.3

Wholesale trade

16

912

96.0

103.2

1065

102.9

108.4

Retail trade

17

129.0

135.0

141.4

144.2

140.3

142.1

Finance, insurance, and real estate
Finance and insurance .
. .
Real estate

18
19
20

194.8
541
1407

207.2
563
1509

217.8
592
1586

229.4
616
167 7

237.9
63.6
1743

243.6
65.4
1782

Services

21

1547

1643

1742

1830

1890

1967

22

165.7

167.5

171.7

174.3

177.3

178.1

23
24

1463
19.4

1477
19.8

151 2
20.6

1530
212

1554
22.0

1560
22.0

-1.8

— 0.9

Gross national product
Domestic industries (gross domestic product)
Private industries

Government and government enterprises
Government
Government enterprises
Statistical discrepancy

25

3.8

1.0

— 1.0

2.2

Residual l

26

—0.2

6.0

4.9

— 8.1

— 7.7

27

15.6

16.9

19.9

26.3

26.1

Rest of the world
1

Equals GNP in constant dollars measured as the sum of incomes less GNP in constant dollars measured as the sum of gross product by industry.




-9.7
25.4

79

SURVEY OF CURRENT BUSINESS

July

Table 6.3B.—National Income Without Capital Consumption Adjustment by Industry
[Millions of dollars]
Line
National income without capital consumption adjustment.,
Domestic industries.
Private industries
Agriculture, forestry, and

fisheries

Farms
Agricultural services, forestry, and fisheries
Mining
Metal mining
.
Coal mining....
Oil and gas extraction
Nonmetallic minerals, except fuels

1976

1977

1979

1978

1981

1980

1,412,999

1,585,984

1,802,038

2,015,769

2,174,247

2,410,617

2

1,392,519

1,562,520

1,772,435

1,973,197

2,128,174

2,361,437
2,025,449

3

1,174,798

1,327,601

1,516,239

1,696,137

1,822,017

4

40,832

44,065

55,278

65,822

58,455

68,708

5
6

36,470
4,362

39,040
5,025

49,383
5,895

59,296
6,526

51,549
6,906

61,067
7,641

7

20,915

22,780

24,189

37,383

44,933

8
9
10
11

1,776
6,178
10,678
2,283

1,728
6,769
11,707
2,576

1,985
7,116
12,025
3,063

2,759
8,382
15,674
3,274

3,067
9,531
21,001
3,784

3,535
9,655
27,968
3,775
113,351

Construction.....

12

68,697

77,933

92,093

104,262

108,454

Manufacturing

13

366,612

413,163

464,702

508,887

525,575

580,780

14
15
16
17
18
19
20
21
22
23
24
25

216,731
11,162
5,380
11,874
26,266
27,882
41,731
30,743
27,360
17,654
10,564
6,115

249,728
13,334
6,158
13,404

285,718
15,797
7,280
15,710
34,401
35,825
56,075
41,450
35,146
22,796
13,966
7,272

310,587
17,046
7,727
17,104
38,428
39,917
63,790
45,004
32,424
26,259
15,317
7,571

309,418
15,246
7,791
16,457
38,434
40,819
67,572
48,413
19,568
29,666
17,564
7,888

344,789
15,068
8,405
16,885
43,251
44,751
75,681
53,571
25,365
32,548
20,121
9,143

26
27
28
29
30
31
32
33
34
35
36

149,881
31,197
2,605
10,780
12,385
14,184
18,627
28,648
18,686
9,923
2,846

163,435
33,515
2,851
12,294
13,684
15,489
21,151
30,760
18,543
12,298
2,850

178,984
35,366
3,428
12,801
14,764
17,165
23,732

198,300

235,991
46,794
5,114
14,549
17,058
21,238
30,684
42,652

21,268
13,877
3,203

13,673
15,284
19,285
26,010
35,451
28,298
15,098
3,262

216,157
41,384
4,401
13,599
15,761
19,666
28,247
37,749
15,151
3,805

18,024
4,069

Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries

,

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 miscellaneous plastic products
Leather and leather products
Transportation and public utilities

31,543
48,967
35,933
33,324
19,557
12,178
6,862

37

111,121

126,106

143,482

154,899

171,095

190,891

Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services

38
39
40
41
42
43
44
45

52,863
11,913
3,129
21,728
3,821

60,334
13,126
3,396
25,238
4,160
10,338
992

68,529
14,253
3,536
29,203
4,652
11,941
1,291
3,653

75,739
15,937
3,841
32,046
5,384
12,518
1,745
4,268

81,174
16,789
4,291
33,512
6,148
13,730
1,919
4,785

86,985
18,127
4,475
35,903
6,854
14,404
1,987
5,235

Communication
,
Telephone and telegraph
Radio and television broadcasting

46
47
48

30,847
27,367
3,480

34,460
30,332
4,128

39,923
35,237
4,686

43,367
38,315
5,052

48,884
43,240
5,644

55,337
49,139
6,198

Electric, gas, and sanitary services

2,472

49

27,411

31,312

35,793

41,037

50

87,582

97,819

109,779

126,333

137,350

Retail trade

51

127,676

140,943

157,595

170,262

178,263

197,459

Finance, insurance, and real estate

52

162,678

192,650

261,597

295,501

324,201

53
54
55
56
57
58
59

21,764
1,538
5,061
15,850
8,007
109,996
462

25,930
1,396
4,881
22,413
9,620
128,244
166

3,930
6,061
26,276
10,466
149,517
34

39,629
4,650
6,804
26,978
11,151
172,749
-364

44,354
3,183
8,773
29,092
12,476
198,300
-677

48,518
1,270
11,693
29,749
13,754
221,221
-2,004

Wholesale trade

Banking
Credit agencies other than banks
Security, commodity brokers,and services
Insurance carriers
...
Insurance agents, brokers, and services
Real estate
Holding and other investment companies
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and garages
Miscellaneous repair services
Motion pictures
Amusement and recreation servces
Health services
Legal services
Educational services
Social services and membership organizations
Social services
,
Membership organizations
Miscellaneous professional services
Private households
Government and government enterprises
Federal
Government
Government enterprises
State and local
Government
Government enterprises
Rest of the world




,

155,768

60

188,685

212,142

240,698

273,986

309,941

349,358

61
62
63
64
65
66
67
68
69
70
71
72
73
74
75

8,049
9,399
27,770
7,022
3,943
2,472
5,933
60,818
12,710
11,444
16,791
5,459
11,332
16,980

10,442
32,767
8,107
4,491
2,978
6,773
67,981
14,406
11,740
18,105
5,972
12,133

12,623
12,454
46,527
10,425
5,811
4,106
8,120
86,109
18,443
14,029
22,434
8,286
14,148
26,444
6,461

14,203
13,360
53,859
11,013
6,739
4,272
8,524
99,249
21,347

5,930

10,893
11,629
38,460
9,487
5,237
3,755
7,406
75,952
16,058
12,665
20,409
7,204
13,205
22,501
6,246

25,102
9,518
15,584
30,300
6,585

16,302
14,342
61,861
12,099
7,494
4,758
9,582
114,021
23,376
17,000
27,359
10,699
16,660
34,127
7,037

76

217,721

234,919

256,196

277,060

306,157

335,988

77
78
79
80
81
82

76,322
62,378
13,944
141,399
132,250
9,149

81,158
66,342
14,816
153,761
143,995
9,766

87,787
71,727
16,060
168,409
157,553
10,856

93,301
75,672
17,629
183,759
171,772
11,987

102,677
82,879
19,798
203,480
189,929
13,551

113,597
92,313
21,284
222,391
207,392
14,999

83

20,480

23,464

29,603

42,572

46,073

49,180

SURVEY OF CURRENT BUSINESS

80

July

Table 6.4.—National Income Without Capital Consumption Adjustment by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line

1976

1977

1978

1980

1979

1981

1977

I

II

1978

III

IV

I

II

III

IV

1

1,413.0

1,586.0

1,802.0

2,015.8

2,174.2

2,410.6

1,505.6

1,563.4

1,619.1 1,655.8

1,691.0

1,777.4

1,835.7

1,904.1

2

1,392.5

1,562.5

1,772.4

1,973.2

2,128.2

2,361.4

1,482.4

1,539.9

1,594.6

1,633.1

1,662.1

1,751.4

1,806.2

1,870.0

3

1,174.8

1,327.6

1,516.2

1,696.1

1,822.0

2,025.4

1,254.5

1,308.4

1,358.4

1,389.1 1,413.2

1,498.6

1,548.4

1,604.8

4
5
6

40.8
20.9
68.7

44.1
22.8
77.9

55.3
24.2
92.1

65.8
30.1
104.3

58.5
37.4
108.5

68.7
44.9
113.4

43.0
22.1
72.6

40.9
23.9
77.7

43.0
23.2
79.6

49.3
22.0
81.9

49.8
18.4
83.5

54.4
25.7
91.5

56.1
25.3
95.5

60.9
27.3
97.8

7
8
9

366.6
216.7
149.9

413.2
249.7
163.4

464.7
285.7
179.0

508.9
310.6
198.3

525.6
309.4
216.2

580.8
344.8
236.0

388.8
233.8
155.0

409.0
246.0
163.0

422.8
254.8
168.0

432.0
264.3
167.7

433.0
264.4
168.7

461.1
283.2
177.9

474.2
291.9
182.3

490.4
303.4
187.0

Transportation and public utilities
Transportation
Communication
Electric gas and sanitary services

10
11
12
13

111.1
52.9
30.8
27.4

126.1
60.3
34.5
31.3

143.5
68.5
39.9
35.0

154.9
75.7
43.4
35.8

171.1
81.2
48.9
41.0

190.9
87.0
55.3
48.6

119.0
56.6
32.4
30.0

123.9
59.7
34.2
30.0

129.6
62.2
34.5
32.8

131.9
62.9
36.7
32.4

134.6
62.0
38.5
34.1

142.5
68.9
39.4
34.2

145.9
70.3
40.7
34.9

151.0
73.0
41.1
36.9

Wholesale trade
Retail trade
Finance insurance and real estate
Services

14
15
16
17

87.6
127.7
162.7
188.7

97.8
140.9
192.7
212.1

109.8
157.6
228.4
240.7

126.3
170.3
261.6
274.0

137.4
178.3
295.5
309.9

155.8
197.5
324.2
349.4

91.2
133.7
181.5
202.6

98.6
138.3
188.6
207.5

103.5
144.6
196.4
215.7

97.9
147.1
204.1
222.9

102.1
150.3
211.3
230.1

108.1
155.9
222.1
237.3

112.9
159.1
235.0
244.3

116.1
165.0
245.2
251.1

18

217.7

234.9

256.2

277.1

306.2

336.0

227.9

231.5

236.2

244.1

248.9

252.8

257.9

265.2

19

20.5

23.5

29.6

42.6

46.1

49.2

23.2

23.5

24.5

22.7

28.9

25.9

29.5

34.1

National income without capital consumption
adjustment.
Domestic industries
Private industries

.

Agriculture forestry and
Mining
Construction.
.
Manufacturing. .
Durable goods
Nondurable goods

fisheries

.

.

..

Government and government enterprises
Rest of the world

Seasonally adjusted at annual rates
Line

National income without capital consumption
adjustment.

1

1979

1980

1982

1981

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

1,953.6

1,988.9

2,043.8

2,076.7

2,133.0

2,123.6

2,181.9

2,258.6

2,351.6

2,382.8

2,446.0

2,462.1

2,447.6

Domestic industries

2

1,917.1

1,948.8

1,997.2

2,029.7

2,084.3

2,076.8

2,136.0

2,215.7

2,304.6

2,336.1

2,396.3

2,408.8

2,401.7

Private industries

3

1,647.9

1,675.6

1,718.9

1,742.2

1,789.9

1,775.0

1,828.0

1,895.2

1,977.6

2,004.3

2,059.0

2,060.9

2,048.6

Agriculture, forestry, and fisheries
Mining
Construction

4
5
6

64.7
27.1
99.0

68.5
29.0
103.0

65.0
31.6
106.8

65.1
32.7
108.3

59.4
35.5
110.6

54.3
36.4
105.8

60.1
37.3
106.4

60.0
40.4
110.9

64.0
42.8
114.9

66.5
40.9
112.3

72.7
47.0
112.8

71.6
49.0
113.4

66.1
49.3
112.9

Manufacturing
Durable goods
Nondurable goods

7
8
9

508.3
314.9
193.5

506.1
312.1
194.0

512.0
310.4
201.7

509.1
305.1
204.0

530.8
313.1
217.7

506.9
294.6
212.3

519.3
304.1
215.2

545.3
325.9
219.4

570.4
340.8
229.6

584.1
352.3
231.8

595.4
349.3
246.1

573.1
336.7
236.4

555.2
323.1
232.1

Transportation and public utilities
Transportation
Communication
Electric, gas, and sanitary services

10
11
12
13

151.9
73.9
41.5
36.5

152.7
74.3
42.8
35.6

156.1
76.4
44.3
35.4

158.9
78.4
44.9
35.6

165.6
80.5
46.6
38.5

165.3
77.7
46.2
41.4

176.2
81.6
50.1
44.4

177.3
84.8
52.6
39.8

185.8
87.4
53.3
45.1

186.1
86.4
53.0
46.8

193.9
87.6
56.8
49.6

197.7
86.5
58.3
52.8

198.5
85.3
59.3
53.8

14
15
. . . . 16
17

118.8
167.5
250.4
260.2

125.0
169.1
255.2
267.0

130.3
172.0
265.9
279.2

131.3
172.5
274.9
289.5

133.6
171.9
285.2
297.3

138.0
174.3
289.2
304.7

135.4
181.6
297.6
314.1

142.4
185.2
310.0
323.7

151.6
193.2
318.3
336.6

152.7
196.0
320.8
344.8

156.0
201.6
326.2
353.4

162.9
199.1
331.5
362.7

157.3
203.6
336.4
369.3

18

269.2

273.2

278.3

287.5

294.3

301.8

308.0

320.5

326.9

331.9

337.3

347.9

353.2

19

36.5

40.2

46.6

47.0

48.7

46.8

45.9

42.9

47.1

46.6

49.7

53.3

45.8

Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government and government enterprises
Rest of the world




II

48.2

81

SURVEY OF CURRENT BUSINESS

July

Table 6.5B.—Compensation of Employees by Industry
[Millions of dollars]
Line
Compensation of employees

1976

1977

1978

1979

1

1,036,334

1,152,061

1,301,081

1,458,139

Domestic industries

....2

1,036,349

1,152,101

1,301,155

1,458,176

Private industries..

3

818,628

917,182

1,044,959

1,181,116

Agriculture, forestry, and fisheries
Farms
.
Agricultural services, forestry, and fisheries

.

Mining;

1981

1980

1,598,627

1,767,602

1,292,538

1,431,651

1,767,639

4

10,328

11,445

12,719

14,501

16,110

17,428

5
6

7,555
2,773

8,423
3,022

8,977
3,742

10,112
4,389

11,153
4,957

11,906
5,522

7

14,484

16,733

19,471

23,174

27,998

34,101

8
9
10
11

1,780
4,800
6,152
1,752

1,920
5,448
7,420
1,945

2,191
5,861
9,205
2,214

2,637
6,997
11,036
2,504

2,925
7,576
14,829

7,504
20,415

Construction

12

54,882

60,958

Manufacturing

13

286,056

Durable goods
Lumber and wood products
Furniture and fixtures
.
Stone, clay, and glass products...
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment.....
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries

14
15
16
17
18
19
20
21
22
23
24
25

180,253
8,168
4,769
9,679
22,960
23,445
34,700
26,612
19,381
17,013
8,699
4,827

205,648
9,600
5,423
10,959

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 miscellaneous plastic products
Leather and leather products

26
27
28
29
30
31
32
33
34
35
36

105,803

1,119
9,248
10,934
10,909
14,907
19,285
5,022
8,748
2,342

117,239
25,535
1,197
9,980
11,642
12,192
16,566
21,570
5,630
10,502
2,425

Metal mining.......
Coal mining
Oil and gas extraction
Nonmetallic minerals, except fuels

..;

26,443
29,828
23,624
19,176
10,043
5,280

3,431

2,751

91,510

71,546

82,594

365,055

408,660

435,734

477,796

235,157
11,023
6,193
12,563
29,261
29,925
45,621
34,571
26,376
22,356
11,420
5,848

12,114
6,758
13,928
32,956
33,506
53,383
39,490
28,056
26,309
13,087
6,356

281,127
11,751
6,968
14,303
33,160
34,860
58,724
43,811
25,535
30,292
15,083
6,640

308,804
12,564
7,543
15,176
36,266
37,965
64,546
48,491
28,771

154,607
33,180
1,767
11,960
14,179
16,208
22,909
29,406
8,229
13,841

168,992
35,590
2,070
12,679
15,264
17,660
25,189
32,349
9,314
15,600
3,277

27,976
1,401
10,840
12,829
13,498
18,481

142,717
30,594
1,518

6,425
11,928
2,640

11,528
13,425
14,965
20,594
26,595
7,250
13,501
2,747

17,184
7,018

37

81,147

90,846

103,322

116,309

126,796

139,233

Transportation....
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
.
Water transportation
Transportation by air
Pipelines, except natural gas
, Transportation services

38
39
40
41
42
43
44
45

45,317
11,049
2,678
18,082
3,287
7,921
355
1,945

51,057
12,173
2,830
20,774
3,598
9,094
390
2,198

58,057

65,331
15,027

24,081
4,188
10,459
446
2,612

26,691
4,647
12,052

69,720
15,470
3,705
27,560
5,234
13,591
637
3,523

74,628
15,797
3,987
29,538
5,766
14,818
686
4,036

Communication
Telephone and telegraph
Radio and television broadcasting.....

46
47
48

22,050
19,637
2,413

24,509
21,764
2,745

28,005
24,834
3,171

31,789
28,186
3,603

35,458
31,422

40,157
35,621
4,536

Electric, gas, and sanitary services

49

13,780

15,280

17,260

19,189

21,618

24,448

50

67,844

75,281

85,782

97,967

108,499

120,664

Retail trade....

51

102,296

112,957

127,341

140,094

150,250

162,432

Finance, insurance, and real estate

52

55,487

71,765

81,632

93,286

105,844

53
54
55
56
57
58
59

16,236
5,427
4,105
15,420
4,650
8,308
1,341

17,869
6,170
4,524
17,132
5,505
9,588
1,589

20,142
7,214
5,195
19,397
6,528
11,325
1,964

22,776

26,074

21,616
7,549
13,113

8,099
24,172
8,538
14,435

29,547
10,361
10,314
26,617
9,483
16,138
3,384

60

146,104

163,698

187,958

216,185

61
62
63
64
65
66
67
68
69
70
71
72
73
74
75

6,491
6,191
22,471
4,645
2,686
2,134
5,007
46,756
5,057
10,943
16,752
5,368
11,384
11,617
5,354

7,128
6,759
25,856
5,276
3,015
2,419
5,546
53,258
5,893
11,240
18,112
5,897
12,215
13,266
5,930

8,319
7,506
6,278
3,545
2,770
6,264
60,720
6,928
12,110
20,463
7,127
13,336
15,872
6,246

6,461

4,730
3,506
7,993
81,318
10,035
14,764
25,231
9,402
15,829
22,006
6,585

76

217,721

234,919

256,196

277,060

306,157

77
78
79
80
81
82
83
84
85
86

76,322
62,378
37,969
24,409
13,944
141,399
132,250
72,352

81,158*
66,342
41,034

9,149

14,816
153,761
143,995
78,478
65,517
9,766

87,787
71,727
44,950
26,777
16,060
168,409
157,553
85,050
72,503
10,856

93,301
75,672
47,523
28,149
17,629
183,759
171,772
92,654
79,118
11,987

102,677
82,879
51,794
31,085
19,798
203,480
189,929
101,980
87,949
13,551

87

-15

-40

-74

-37

88
89

55,629
778,537

60,547
872,794

67,792
995,106

75,599
1,125,021

Transportation and public utilities

Wholesale trade

Banking
;
Credit agencies other than banks
Security, commodity brokers,and services
Insurance carriers
Insurance agents, brokers, and services
Real estate
Holding and other investment companies
Services
Hotels and other lodging places
Personal services
Business services.
Auto repair, services, and garages
Miscellaneous repair services.....
Motion pictures
Amusement and recreation services
Health services
Legal services
Educational services
Social services and membership organizations
Social services..
Membership organizations
Miscellaneous professional services
Private households
Government and government enterprises
Federal
Government
Civilian 1
Military
Government enterprises
State and local
Government
Education
Other
Government enterprises
Rest of the world

62,377

3,313

541

3,060

8,241
6,018

2,319

8,221

37,358
7,261

4,224
3,283
7,072
69,565
8,297
13,462
22,524
8,181

14,343
18,881

9,187

2,781

247,473

10,857
8,865
43,882
7,701

282,643
12,346
9,594
51,028
8,361
5,232
3,919
8,786
94,682
12,210
16,333
27,566
10,572
16,994
25,549
7,037

113,597
92,313
55,956
36,357
21,284
222,391
207,392
111,743
95,649
14,999,
-37

Addenda:
Households and institutions
Nonfarm business
1

Includes Coast Guard.




85,420
1,229,314

96,387
1,359,641

82

SURVEY OF CURRENT BUSINESS

July

Table 6.6B.—Wages and Salaries by Industry
[Millions of dollars]
Line
Wages and salaries..,.

,

,

Domestic industries....

„......,.., 1

,

Private industries
Agriculture, forestry, and fisheries
Farms...... ,
Agricultural services, forestry, and fisheries
Mining

,

Metal mining.....
Coal mining
................
,..,,,,,.,...,
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction

1977

1976

,..,....,...,.„

1980

1979

1981

983,159

1,106,480

1,237,436

1,356,084

1,493,964

2

889,940

983,199

1,106,554

1,237,473

1,356,152

1,494,001

3

701,256

780,835

1,001,469

1,096,004

1,210,895

4

9,196

10,186

11,237

12,775

14,203

15,323

5
6

6,742
2,454

7,499
2,687

7,917
3,320

8,902
3,873

9,818
4,385

10,444
4,879

7

12,172

13,991

16,373

19,550

23,718

29,037

8
9
10
11

1,459
3,814
5,386
1,513

1,554
6,471
1,668

1,769
4,633
8,073
1,898

2,134
5,585
9,676
2,155

2,369
6,034
13,021
2,294

5,966
17,917
2,363

62,604

72,195

75,657

80,091

333,880

354,430

386,370

227,687

248,596
10,289
6,278
12,260
28,056
30,688
53,214
40,121
20,795
26,624
14,373

4,298

.. 12

48,463

53,495

13

237,423

265,956

14
,..,......, 15
16
17
18
19
20
21
22
23
24
25

148,379
6,917
4,098
8,058
18,118
19,481
29,024
22,195
15,165
13,771
7,401
4,151

168,277

4,973

216,466
10,012
5,676
11,369
25,982
27,283
44,261
33,041
21,451
20,967
11,046
5,378

26
27
28
29
30
31
32
33
34
35
36

89,044
19,610
839
8,073
9,550
9,167
13,008
16,100
3,485
7,188
2,024

97,679
21,171
883
8,634
10,060
10,182
14,288
17,911
3,887
8,599
2,064

107,436
23,075
975
9,295
11,011
11,219
15,863
19,718
4,328
9,721
2,231

117,414
25,100
1,088
9,853
11,542
12,379
17,646
21,772
4,729
10,985
2,320

126,743
27,138

37

66,093

73,657

83,572

38
39
40
41
42
43
44
45

37,987
8,994
2,396
15,305
2,830
6,494

42,540
9,819
2,520
17,493
3,129
7,345
350
1,884

Communication
..,
Telephone and telegraph
Radio and television broadcasting

46
47
48

16,944
14,797

18,801
16,382
2,419

Electric, gas, and sanitary services........

Manufacturing

,

1978

,

,

.

Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products.
Primary metal industries
,
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
,
Motor vehicles and equipment
,
Other transportation equipment
Instruments and related products.....
Miscellaneous manufacturing industries

,

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 miscellaneous plastics products
Leather and leather products
,

,

Transportation and public utilities
Transportation.....
,
Railroad transportation
,
Local and interurban passenger transit
Trucking and warehousing.
Water transportation
Transportation by air
,
Pipelines, except natural gas
Transportation services

.

321
1,647

2,147

7,981
4,584

9,016
20,433
21,773
25,107
18,351
15,134
8,548
4,514

191,798
9,106
5,208
10,302
23,056
24,508
37,975
29,012
20,458
17,557
9,643

9,671
5,830
11,621
25,810
28,325
48,608
36,579
18,814
24,139
12,681
5,609

2,791

137,774
28,992

1,258

1,469

10,198
12,136
13,378
19,576
24,075
5,323
11,202
2,459

10,750
13,004
14,505
21,432
26,305
6,020
12,556

94,400

103,124

113,065

48,300
10,690
2,692
20,235
3,671
8,397
395
2,220

54,462
12,195
2,942
22,438
4,034
9,763

58,314
12,637
23,214
4,560
11,019

62,324
12,822
3,544
24,863
5,022
12,020

489
2,601

577

617

3,006

3,436

21,455
18,670
2,785

24,498
21,327

27,390
23,835
3,555

31,047
27,059

3,171

3,301

2,741

49

11,162

12,316

13,817

15,440

17,420

19,694

Wholesale trade

50

59,783

66,091

75,031

85,710

95,060

105,511

Retail trade

51

90,704

99,717

112,088

123,241

Finance, insurance, and real estate...

52

46,883

52,353

60,004

68,544

78,513

89,070

53
54
55
56
57
58
59

13,121
4,597
3,665
13,005

16,064
6,094
4,654
16,069
5,573
9,962
1,588

18,282
7,040
5,395
17,974
6,502
11,493

20,991
7,866

23,796
8,859

4,015
7,351
1,129

14,323
5,212
4,046
14,291
4,696
8,457
1,328

Banking..........
Credit agencies other than banks
Security, commodity brokers?and services
Insurance carriers
Insurance agents, brokers, and services
Real estate.
Holding and other investment companies

....,„...,

Services.....
Hotels and other lodging places
,
Personal services
,
,
Business services
Auto repair, services, and garages
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Health services.
Legal services..
Educational services
Social services and membership organizations
Social services
,
Membership organizations
Miscellaneous professional services.,
Private households
Government and government enterprises
Federal
Government
,
Civilian 1
;
Military
Government enterprises....
State and local
,.
Government.....
Education
Other
Government enterprises
Rest of the world
1

,

Includes Coast Guard.




,

..'
,
,

142,821

7,291

9,291
22,118

1,858

20,103
7,365
12,669
2,228

8,167
14,141

60

130,539

145,389

166,685

191,174

219,001

249,607

61
62
63
64
65
66
67
68
69
70
71
72
73
74
75

5,720
5,628
19,936

7,412

9,538
8,003

33,005
6,464
3,675
2,879

6,885

4,134

10,853
8,639
45,156
7,455
4,563

15,621
5,009
10,612
10,494
5,270

7,271
6,786
27,348
5,606
3,090
2,449
5,506
52,607
6,128
10,594
18,896
6,577
12,319
14,257
6,147

8,393

4,424
40,790
4,499

6,244
6,112
22,855
4,713
2,619
2,133
4,860
46,050
5,222
9,976
16,807
5,481
11,326
11,953
5,845

13,246
16,931
6,353

3,073
6,985
70,313
8,840
12,868
23,232
8,648
14,584
19,775
6,475

7,674
81,768
10,748
14,169
25,334
9,693
15,641
22,915
6,902

4,151
2,347

1,888
9,771

6,165
60,072

7,291
11,776
20,758

7,512

3,431

76

188,684

202,364

219,726

236,004

260,148

283,106

77
78
79
80
83
82
83
84
85
86

67,713
55,852
32,375
23,477
11,861
120,971
113,027
61,177
51,850
7,944

71,692
59,182
34,879
24,303
12,510
130,672
122,239
65,756
56,483

77,535
63,975

82,054
67,231
40,271

25,686
13,560
142,191
132,868
70,785
62,083

90,173
73,470
43,684
29,786
16,703
169,975
158,457
83,955
74,502
11,518

99,236
81,442
46,697
34,745
17,794
183,870
171,244
91,034
80,210
12,626

87

-15

-40

-74

14,823
153,950
143,744
76,595
67,149
10,206

-37

-37

83

SURVEY OF CURRENT BUSINESS

July

Table 6.7B.—Full-Time and Part-Time Employees by Industry
[Thousands]
Line
Full-time and part-time employees.........

1976

1977

1978

1980

1979

1981

1

86,681

89,630

93,832

96,795

97,116

98,092

Domestic industries

2

86,702

89,650

93,856

96,815

97,135

98,109

Private industries

3

68,411

71,178

74,977

77,669

77,593

78,593

4

1,755

1,691

1,683

1,714

1,765

1,770

5
6

1,421
334

1,337
354

1,270
413

1,274
440

1,308
457

1,295
475

1.......... 7

777

822

877

948

1,034

1,138

93
229
339
116

92
240
373
117

93
235
427
122

100
255
467
126

100
251
558
125

105
228
687
118

Agriculture, forestry, and fisheries
Farms......
Agricultural services, forestry, and fisheries
Mining
Metal mining
Coal mining
,
Oil and gas extraction
Nonmetallic minerals, except fuels.....

,

,.,

,

8
9
10
11

,„..,

Construction

12

3,614

3,881

4,295

4,543

4,326

4,185

13

19,023

19,734

20,592

21,100

20,337

20,244

14
15
16
17
18
19
20
21
22
23
24
25

11,093

11,631

12,210

12,157

728
468
669
1,186
1,577
2,178
1,876
952
935
619
443

12,329
763
497
703
1,221
1,666
2,336
2,020
1,008
1,004
655
456

12,801

682
447
647
1,154
1,513

773
496
713
1,253
1,712

695
457
666
1,151
1,614

682
463
643
1,129
1,597

2,503

2,485

2,487

2,126
1,000
1,084
690
451

2,107
798
1,106
707
424

2,105
798
1,119
725

26
27
28
29
30
31
32
33
34
35
36

7,930

8,103
1,711
70
911
1,321
692
1,145
1,080
200
716
257

8,299

1,730
69
907
1,339
700
1,196
1,102
205
757
258

8,127
1,712
68
850
1,267
691
1,258
1,115
203
727
236

8,087

1,685
72
916
1,326
673
1,101
1,049
194
649
265

37

4,568

4,699

4,919

5,126

5,130

5,160

38
39
40
41
42
43
44
45

2,665

2,760

2,899

3,009

2,952

528
262
1,148
193
371
18
145

528
259
1,217
194
386
18
158

523
260
1,300
210
409
20
177

535
267
1,342
209
444
20
192

512
269
1,279
211
457
22
202

2,918
477
269
1,263
219
458
22
210

Communication..,.
Telephone and telegraph.....,,
Radio and television broadcasting..

46
47
48

1,168
1,007
161

1,190
1,021

1,242
1,061
181

1,311
1,122
189

1,354
1,155
199

1,393
1,184
209

Electric, gas, and sanitary services.,..

49

735

749

778

806

824

849

50

4,568

4,737

5,002

5,235

5,282

5,394

Manufacturing

..„...,...„..,..

Durable goods
Lumber and wood products
,
Furniture and fixtures
Stone, clay, and glass products
,
Primary metal industries
,
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Motor vehicles and equipment
Other transportation equipment
,.
Instruments and related products
Miscellaneous manufacturing industries.........

,
,

....„,..,..,

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 miscellaneous plastic products
Leather and leather products
Transportation and public utilities.......
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing....
Water transportation
....„..„
Transportation by air
Pipelines, except natural gas
Transportation services

Wholesale trade.......
Retail trade...

,
,

,
,

Finance, insurance, and real estate....,...,.
Banking
Credit agencies other than banks
Security, commodity brokers, and services
Insurance carriers
,
Insurance agents, brokers, and services
Real estate...........
.„....„..
, ,
Holding and other investment companies
Services

,
...„
,
,
..,.,

Hotels and other lodging places
Personal services
,
Business services..,
„
Auto repair, services, and garages...,
Miscellaneous repair services
Motion pictures
,
Amusement and recreation services
Health services
Legal services
..................
Educational services..........
Social services and membership organizations.........
Social services....
..,.,
Membership organizations
Miscellaneous professional services
Private households
Government and government enterprises
Federal
.,.,
Government
,
Civilian 1
,
Military .......,.,
Government enterprises
State and local
Government
Education
,
Other
,
Government enterprises
Rest of the world
1

r

Includes Coast Guard.




,

,

,..
,....„...,

,

,

2,078

1,779
877
908
575
433

1,736
69
889
1,303
707
1,239
1,117
207
785
247

1,681
69
824
1,250
686
1,272
1,112
214
736
243

51

13,284

13,887

14,666

15,063

15,061

15,203

52

4,381

4,575

4,839

5,100

5,276

5,442

,. 53
54
55
56
57
58
59

1,311
451
177
1,116
353
891
82

1,359
478
183
1,155
377
935

1,424
523
189
1,205
407
996
95

1,505
557
202
1,248
436
1,048
104

1,576
571
225
1,276
454
1,067
107

1,632
591
260
1,292
469
1,087
111

60

16,441

17,152

18,104

18,840

19,382

20,057

61
62
63
64
65
66
67
,. 68
69
70
71
72
73
74
75

950
848
2,189
470
232
205
642

971
870

1,072
904

504
245
210
674

1,029
890
2,641
557
266
213
711

586
288
222
740

1,102
902
3,091
574
293
222
769

4,546

4,795

5,023

5,290

397
1,179

428
1,219

2,397

2,435

2,556

817
1,580
758
1,862

859
1,576
812
1,936

971
1,585
900
1,899

461
1,271
2,631
1,038
1,593
983
1,753

497
1,302
2,713
1,104
1,609
1,029
1,598

76

18,291

18,472

18,879

19,146

19,542

19,516

77
78
79
80
81
82
83
84
85
86

5,922
5,069
2,074
2,995

5,861
5,019

5,869
5,022

5,867
5,004

5,996

5,126

2,082
2,937

2,108
2,914
847

2,114

2,207

5,991
5,120
2,118

2,919
870

3,002

863
13,279
12,546
6,795

13,546
12,788
6,955
5,833

13,525
12,768
7,006
5,762

87

4,327

369
1,192

2,373

2,906

2,890

853

842

12,369
11,693
6,430
5,263

12,611
11,932
6,564
5,368

13,010
12,299

676

679

711

5,751
733

-21

-20

-24

-20

6,691
5,608

1,143
915
3,254

576
298
223
781
5,569

534
1,318
2,759

1,147
1,612
1,081
1,606

871

758

757

-19

-17

84

SURVEY OF CURRENT BUSINESS

July
l

Table 6.8B.—Full-Time Equivalent Employees by Industry
[Thousands]
Line
Full-time equivalent employees
Domestic industries
Private industries....
Agriculture, forestry, and fisheries
Farms
Agricultural services, forestry, and fisheries
Mining

,.

Metal mining....
Coal mining
.
Oil and gas extraction
Nonmetallic minerals, except fuels

1977

1976

1978

1979

1981

1980

1

76,667

79,267

83,181

2

76,688

79,287

83,205

3

61,238

63,709

67,268

69,867

4

1,534

1,477

1,469

1,500

1,538

1,550

5
6

1,248
286

1,174
303

1,115
354

1,119
381

1,149
389

1,137
413

7

759

804

861

927

1,012

1,113

8
9
10
11

93
224
329
113

92
235
363
114

93
231
417
120

100
250
454
123

100
246
544
122

105
224
669
115

85,938

85,881

86,753

85,900

86,770
70,510

Construction

12

3,403

3,655

4,066

4,301

4,074

3,931

Manufacturing

13

18,497

19,180

20,018

20,530

19,719

19,666

Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products...,
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries

14
15
16
17
18
19
20
21
22
23
24
25

10,894
655
432
633
1,137
1,488
2,048
1,753
871
902
565
410

11,416
695
452
653
1,175
1,547
2,148
1,853
941
924
607
421

12,099
732
479
690
1,210
1,631
2,304
1,991
996
992
642
432

12,566
744
480
700
1,241
1,675
2,462
2,100
988
1,071
678
427

11,954
658
439
650
1,134
1,579
2,444
2,076
787
1,093
695
399

11,918
643
446
631
1,110
1,562
2,451
2,074
790
1,108
713
390

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 miscellaneous plastic products
Leather and leather products

26
27
28
29
30
31
32
33
34
35
36

7,603
1,611
70
887
1,252
662
997
1,039
193
637
255

7,764
1,632
68
887
1,250
679
1,035
1,067
198
702
246

7,919
1,655
67
881
1,268
690
1,080
1,089
203
739
247

7,964
1,660

1,237
697
1,129
1,104
205
766
234

7,765
1,625
67
819
1,200
681
1,137
1,099
202
708
227

7,748
1,606
68
794
1,186
678
1,151
1,098
213
722
232

Transportation and public utilities

37

4,378

4,494

4,690

4,902

4,903

4,918

Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services

38
39
40
41
42
43
44
45

2,561
524
240
1,107
182
352
18
138

2,647
523
238
1,171
182
365
18
150

2,771
519
237
1,246
197
385
20
167

2,885
530
244
1,292
197
420
20
182

2,827
506
246
1,231
198
432
22
192

2,786
469
245
1,213
205
433
22
199

Communication
Telephone and telegraph
Radio and television broadcasting

46
47
48

1,108
963
145

1,126
974
152

1,170
1,008
162

1,241
1,071
170

1,281
1,102
179

1,315
1,127
188

Electric, gas, and sanitary services

49

709

721

749

776

795

817

50

4,369

4,532

4,775

5,008

5,051

5,168

11,232

11,916

12,204

12,083

12,176

4,530

4,772

4,949

5,117

Wholesale trade
Retail trade

.

Finance, insurance, and real estate

:

Banking
Credit agencies other than banks
Security, commodity brokers, and services
Insurance carriers
Insurance agents, brokers/and services
Real estate
Holding and other investment companies
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and garages
Miscellaneous repair services.....
Motion pictures
Amusement and recreation services
Health services ,
Legal services
Educational services
Social services and membership organizations
Social services....
Membership organizations
Miscellaneous professional services
Private households
Government and government enterprises
Federal
Government
Civilian 2
Military .
Government enterprises
State and local
Government
Education
Other
Government enterprises
Rest of the world
1

j

51

10,744

52

4,117

53
54
55
56
57
58
59

1,255
431
168
1,066
337
782
78

1,297
456
173
1,099
359
821

1,359
499
179
1,147
387
868
91

1,436
531
191
1,187
415
913
99

1,507
545
213
1,217
433
932
102

1,564
566
247
1,235
448
951
106
16,871

60

13,437

14,046

14,943

15,723

16,266

61
62
63
64
65
66
67
68
69
70
71
72
73
74
75

843
708
1,936
432
211
155
490

1,045
1,875
690
1,185
694
814

861
734
2,098
463
223
159
516
4,103
362
1,034
1,897
714
1,183
742
854

913
750
2,344
513
242
161
552
4,315
393
1,069
2,010
812
1,198
828
853

956
763
2,589
543
264
169
578
4,522
423
1,113
2,091
876
1,215
909

982
753
2,746
530
268
168
602
4,761
457
1,145
2,155
930
1,225
944
755

1,020
771
2,910
535
274,
170
610
5,020
492
1,152
2,183
%2
1,221
994
740

76

15,450

15,578

15,937

16,091

16,305

16,260

77
78
79
80
81
82
83
84
85
86

5,056
4,243
1,990
2,253
813
10,394
9,749
5,082
4,667
645

5,037
4,232
1,993
2,239805
10,541
9,891
5,162
4,729
650

5,054
4,241
2,021
2,220
813
10,883
10,203
5,286
4,917
680

5,034
4,209
2,020
2,189
825
11,057
10,357
5,354
5,003
700

5,102
4,269
2,056
2,213
833
11,203
10,481
5,440
5,041
722

5,106
4,277
2,026
2,251
829
11,154
10,434
5,470
4,964
720

87

-21

-20

-24

-20

-19

-17

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 employee on part-time schedules to average weekly hours per employee on full-time
schedules
in each industry.
2
Includes Coast Guard.




85

SURVEY OF CURRENT BUSINESS

July

Table 6.9B.—Wages and Salaries per Full-Time Equivalent Employee by Industry
[Dollars]
Line

1976

1978

1977

Wages and salaries per full-time equiva- 1
lent employee.

11,608

12,403

13,302

2

11,605

12,401

3

11,451

12,256

Domestic industries

..

Private industries

1980

1979

1981

17,221

14,399

15,790

13,299

14,396

15,788

17,218

13,184

14,334

15,748

17,173

4

5,995

6896

7,649

8,517

9,235

9,886

5
Farms
Agricultural services, forestry, and fisheries- 6

5,402
8,580

6,388
8,868

7,100
9,379

7,955
10,165

8,545
11,272

9,186
11,814

7

16037

17402

19,016

21,090

23,437

26,089

8
9
10
11

15688
17027
16,371
13,389

16891
18,289
17,826
14,632

19,022
20,056
19,360
15,817

21340
22340
21,313
17,520

23690
24,528
23,936
18,803

26,581
26,634
26,782
20,548

Construction

12

14,241

14,636

15,397

16,786

18,571

20,374

Manufacturing

13

12,836

13,866

14,948

16,263

17,974

19,647

Durable goods
,
Lumber and wood products
Furniture and fixtures
Stone clay and glass products
Primary metal industries
Fabricated metal products
Machinery except electrical
...
Electric and electronic equipment
Motor vehicles and equipment
Other transportation equipment.
Instruments and related products
Miscellaneous manufacturing industries

14
15
16
17
18
19
20
21
22
23
24
25

13,620
10,560
9,486
12730
15,935
13092
14,172
12,661
17411
15,267
13099
10,124

14,740
11,483
10,142
13,807
17,390
14074
15,287
13,549
19502
16,379
14082
10,722

15,852
12,440
10,873
14,930
19,055
15,026
16,482
14,572
20540
17,699
15020
11,512

17,226
13,457
11825
16,241
20,936
16288
17,978
15,734
21712
19577
16292
12,595

19,047
14,698
13280
17 878
22,760
17939
19889
17,620
23906
22,085
18246
14,058

20,859
16,002
14 076
19,429
25,276
19647
21711
19,345
26323
24,029
20158
15,123

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 miscellaneous plastic products.
Leather and leather products

26
27
28
29
30
31
32
33
34
35

11,712
12173
11,986
9 101
7,628
13,847
13,047
15,496
18057
11,284

12,581
12972
12,985
9734
8,048
14996
13,805
16,786
19631
12,249

13,567
13943
14,552
10551
8,684
16,259
14,688
18 107
21320
13,154

14,743
15120
16,000
11404
9,331
17760
15,630
19 721
23068
14,341

16,322
16700
18,776
12452
10,113
19645
17,217
21906
26351
15,822

17,782
18052
21,603
13539
10,965
21394
18,620
23957
28263
17,391

Agriculture forestry and fisheries

Mining
Metal mining
Coal mining
Oil and gas extraction.. .... .
Nonmetallic minerals, except fuels

36

7937

8390

9,032

9915

10,833

11,815

37

15,097

16,390

17,819

19,257

21,033

22,990

., 38
39
40
41
42
43
44
45

14833
17 164
9,983
13826
15,549
18449
17833
11935

16 071
18774
10,588
14939
17,192
20 123
19444
12560

17,431
20597
11,359
16240
18,635
21 810
19750
13293

18,878
23009
12,057
17367
20,477
23245
24450
14291

20,628
24,974
13,419
18858
23,030
25,507
26227
15656

22,370
27,339
14,465
20,497
24,498
27760
28045
17,266

. . . . 46
47
48

15292
15,366
14807

16697
16,819
15914

18338
18,522
17,191

19741
19,913
18653

21382
21,629
19,860

23,610
24,010
21,213

Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines except natural gas
Transportation services
Communication ........... ...
..
Telephone and telegraph
Radio and television broadcasting

49

15743

17082

18447

19897

21912

24 105

Wholesale trade

50

13,683

14,583

15,713

17,115

18,820

20,416

Retail trade

51

8,442

8,878

9,407

10,098

10,949

11,730

Finance, insurance, and real estate

52

11,388

12,206

13,246

14,364

15,864

17,407

53
54
55
56
57
58
59

10455
10,666
21,815
12200
11,914
9400
14,474

11043
11,430
23,387
13004
13,081
10301
15,810

11820
12 212
26,000
14010
14^401
11477
17,451

12731
13,258
28,246
15142
15,667
12588
18,768

13929
14433
34,230
16518
17,009
13593
21,843

15215
15'652
37,615
17909
18,230
14870
25,453

60

9 715

10351

11 155

12159

13464

14795

61
62
63
64
65
66
67
68
69
70
71

6,785
7949
10298
9609
11,123
12181
9029
10,464
13390
9,350
8,331

7,252
8327
10894
10179
11,744
13415
9419
11,223
14425
9,648
8,860

7,964
9048
11667
10928
12,769
15211
9975
12,192
15593
9,910
9,401

8779
9714
12748
11 904
13,920
17036
10666
13,284
17236
10,580
9,927

9713
10628
14 159
12991
15425
18292
11 603
14769
19344
11,238
10,781

10640
11205
15518
13935
16653
20182
12 580
16288
21846
12,299
11,605

72
73
74
75

7259
8,955
15,121
6,474

7676
9,574
16109
6,844

8,100
10,283
17,219
7,206

8,575
10,902
18,626
7,912

9299
11,905
20,948
8,576

10076
12,810
23053
9,327

76

12,213

12,990

13,787

14,667

15,955

17,411

77
78
79
80
81
82
83
84
85
86

•to OOQ

14,233
13,984
17,501
10,854
15,540
12,397
12,359
12,738
11,944
12,974

15,341
15,085
18,946
11,570
16,679
13,065
13,022
13,391
12,626
13,710

16,300
15,973
19,936
12,316
17,967
13,923
13,879
14,306
13,422
14,580

17,674
17,210
21,247
13,460
20,052
15,172
15,119
15,433
14,779
15,953

19,435
19,042
23,049
15,435
21,464
16,485
16,412
16,642
16,158
17,536

Electric gas, and sanitary services

Banking
Credit agencies other than banks
Security, commodity brokers, and services
Insurance carriers.,
,
Insurance agents, brokers, and services
Real estate
Holding and other investment companies
Services

...

Hotels and other lodging places
Personal services
Business services
. .
Auto repair services and garages
Miscellaneous repair services
Motion pictures
...
Amusement and recreation services
Health services
Legal services
.
Educational services
Social services and membership organizations.
Social services
Membership organizations
Miscellaneous professional services
Private households
Government and government enterprises
Federal
Civilian l
Military
Government enterprises
State and local
Government
Education
Other
Government enterprises
Rest of the world
1

Includes Coast Guard.




..... ,

87

13,163
16,269
10,420
14,589
11,639
11,594
12,038
11 110
12,316

86

SURVEY OF CURRENT BUSINESS

July

Table 6.1 OB.—Self-Employed Persons by Industry
[Thousands]
Line
Self-employed persons l....

,.,.....,...

Agriculture, forestry, and
fisheries,,
„
Farms
,
Agricultural services, forestry, and fisheries
Mining
Construction

,

,
,
,
,

,

,..,......

1976

1977

1978

1980

1979

1981

,..,.,.. 1

7,392

7,669

8,063

8,394

8,665

8,759

2
3
4

1,670
1,494
176

1,607
1,435
172

1,663
1,458
205

1,642
1,425
217

1,689
1,465
224

1,684
1,462
222

5

24

20

21

21

26

6

876

951

1,099

1,164

1,186

1,166

7
8
9

286
178
108

307
197
110

327
204
123

344
212
132

363
221
142

366
221
145

Transportation and public utilities

10

219

220

247

277

282

Wholesale trade.........

11

278

254

246

279

294

297

Retail trade....

12

1,508

1,531

1,590.

1,628

1,612

Manufacturing
Durable goods
Nondurable goods...,

Finance, insurance, and real estate
Services
1

,
.,

,..,

1,409

13

323

342

405

449

463

456

14

2,307

2,460

2,524

2,628

2,732

2,854

Consists of active proprietors or partners who devote a majority of their working hours to their unincorporated businesses.




87

SURVEY OF CURRENT BUSINESS

July

Table 6.1 IB.—Persons Engaged in Production by Industry
[Thousands]
Line
Persons engaged in production..........

1977

1976

1979

1978

1981

1980

1

84,059

86,936

91,244

94,332

94,546

95,512

Domestic industries

2

84,080

86,956

91,268

94,352

94,565

95,529

Private industries

3

68,630

71,378

75,331

78,261

78,260

79,269

4

3,204

3,084

3,132

3,142

3,227

3,234

Farms
,...,,...,,.....
..„....„,..„ , 5
Agricultural services, forestry, and fisheries.. 6

2,742

2,609

2,573

2,544

462

475

559

598

2,614
613

2,599
635

7

783

824

882

948

1,040

1,139

8
9
10
11

94
225
347
117

93
237
377
117

94
232
432
124

101
252
468
127

101
247
564
128

106
225
690
118

Agriculture, forestry, and fisheries

Mining

„

Metal mining
,
Coal mining
Oil and gas extraction
,
Nonmetallic minerals, except fuels

,

Construction

12

4,279

4,606

5,165

5,465

5,260

5,097

Manufacturing

13

18,783

19,487

20,345

20,874

20,082

20,032

14
15
16
17
18
19
20
21
22
23
24
25

11,072

11,613

12,303

770

12,778

12,175

729
438
645
1,139
1,506

810
490
701
1,214
1,646

829
487
715
1,244
1,693

752
450
665
1,136
1,594

2,330

2,499

1,998
997
997
645
475

2,103
989
1,076

2,485
2,083

12,139
728
460
644
1,113
1,576
2,486
2,082
792
1,114
718
426

Nondurable goods..
26
Food and kindred products
27
Tobacco manufactures......
28
Textile mill products
29
Apparel and other textile products....
30
Paper and allied products
31
Printing and publishing
'.. 32
Chemicals and allied products
33
Petroleum and coal products....
34
Rubber and miscellaneous plastic prod- 35
ucts.
Leather and leather products..,......,
36

7,711
1,640
70
892
1,271
664
1,042
1,041
193
641

7,874

8,042

8,096

7,907

1,657
68
891
1,268
681
1,085
1,069
198
706

1,683
67
892
1,285
692
1,132
1,091
203
743

1,687

1,650
68
825
1,222
682
1,212
1,104
202
714

Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical...
Electric and electronic equipment.......
Motor vehicles and equipment.....
Other transportation equipment......
Instruments and related products........
Miscellaneous manufacturing industries

2,079

1,756
872
906

1,178
1,563
2,173
1,858
943
930
610
453

1,256
698
1,194
1,107
205
773

787
1,100
698
425

7,893
1,633
68
801
1,204
678
1,230
1,101
213
730

257

251

254

239

228

235

37

4,597

4,714

4,937

5,179

5,185

5,216

Transportation.....
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines, except natural gas
Transportation services

38
39
40
41
42
43
44
45

2,774

2,861
1,341
186
369
18
158

3,011
519
269
1,432
200
389
20
182

3,146
530
280
1,494
203
424
20
195

506
290
1,434
201
439
22
204

3,065
469
289
1,425
209
441
22
210

Communication
,
Telephone and telegraph.
,
Radio and television broadcasting

46
47
48

1,109
964
145

1,128
975
153

1,172
1,009
163

1,245
1,073
172

1,285
1,104
181

1,321
1,130
191

Electric, gas, and sanitary services

49

714

725

754

788

50

4,647

4,786

5,021

5,287

5,345

5,465

Retail trade

51

12,153

12,740

13,447

13,794

13,711

13,788

Finance, insurance, and real estate

52

4,440

4,631

4,935

5,221

5,412

5,573

Banking
53
Credit agencies other than banks..
54
Security, commodity brokers, and services
55
Insurance carriers
,
56
Insurance agents, brokers, and services
,. 57
Real estate
58
Holding and other investment companies
59

1,255
431
190
1,066
429
991
78

1,297
457
199
1,099
447
1,047
85

1,359
501
207
1,147
496
1,133
92

1,436
532
219
1,187
525
1,222
100

1,508
546
249
1,217
541
1,248
103

1,565
568
281
1,235
583
1,233
108

60

15,744

16,506

17,467

18,351

18,998

19,725

61
62
63
64
65
66
67
68
69
70
71

1,100
1,167
2,144
635
390
217
541
4,219
498
1,185
1,898

1,162
1,195
2,319
675
413
231
569

1,194
1,225

1,224
1,260

2,590

2,857

1,305
1,274
3,236
813
506
264
675
5,362
684
1,307
2,217

72
73
74
75

1,200
936
814

76
77
78
79
80
81
82
83
84
85
86

Transportation and public utilities

Wholesale trade

Services
Hotels and other lodging places
Personal services......
Business services
Auto repair, services, and garages
Miscellaneous repair services.
Motion pictures
Amusement and recreation services
Health services
Legal services...
Educational services
Social services and membership organizations.
Social services
Membership organizations
Miscellaneous professional services
Private households
Government and government enterprises....
Federal
Government
Civilian
Military2
Government enterprises
State and local
Government
Education...
,
Other...
Government enterprises
Rest of the world
1
Equals
2

,

87

524
274
1,270
186
357
18
145

2,035

615
1,251
2,124

1,252
1,270
3,046
786
461
243
665
5,116
643
1,285
2,192

719
1,197
1,009
854

821
1,214
1,114
853

887
1,237
1,207
803

940
1,252
1,284
755

1,248
1,342
740

15,450

15,578

15,937

16,091

16,305

16,260

5,056
4,243

5,037
4,232

5,054

5,034
4,209
2,020

5,102
4,269
2,056
2,213
833
11,203
10,481
5,440
5,041
722

5,106
4,277
2,026
2,251
829
11,154
10,434
5,470
4,964
720

-19

-17

1,990

4,432

542
1,189
1,916

1,993

2,253

2,239

813

805

10,394
9,749
5,082
4,667

10,541

645
-21

733
428
239
604
4,662

577
1,213

4,241
2,021
2,220

813

9,891
5,162

10,883
10,203
5,286

4,729

650

4,917
680

-20

-24

784
467
250
631

4,878

2,189
825

11,057
10,357
5,354
5,003

700

the number of full-time equivalent employees (table 6.8.) plus the number of self-employed persons (table 6.10.). Unpaid family workers are not included.
Includes Coast Guard.




830

SURVEY OF CURRENT BUSINESS

July

Table 6.12.—Hours Worked by Full-Time and Part-Time Employees by Industry
[Millions of hours]
Line

1977

1976

1978

1979

Hours worked by full-time 1
and part-time employees.

148,485

153,372

160,115

164,890

Domestic industries

2

148 529

153 414

160 165

164 932

Private industries

3

119 930

124 619

130719

135 235

Agriculture forestry and fish- 4
eries.
Farms .....
, ,. 5
Agricultural services forest- 6
ry, and fisheries.

3324

3283

3221

3363

2,762
562

2,676
607

2,531
690

2,620
743

Mining

7

1,568

1,686

1,796

1,938

Construction

8

6,830

7,285

8,094

8,607

Manufacturing
Durable goods
Nondurable goods

9
10
11

36,143
21 110
15033

37,571
22,230
15341

39,259
23,621
15638

40,125
24433
15692

Transportation and public utilities.
Transportation
Communication
Electric gas and sanitary
services.

12

8,526

8,782

9,207

9,569

13
14
15

5031
2115
1380

5187
2,186
1409

5435
2,295
1477

5624
2419
1 526

Wholesale trade

16

8,596

8,935

9,439

9879

Retail trade

17

21577

22,250

23107

23476

Finance insurance, and real 18
estate.

7679

8039

8500

8926

19

25,687

26,788

28,096

29,352

Government and government en- 20
terprises.
Government
21
22
Government enterprises

28599

28,795

29,446

29697

25 800
2,799

26,014
2,781

26 580
2866

26771
2,926

23

44

42

50

42

Services

Rest of the world

1980

1981

1980

1981

NOTE.—Data sources needed to calculate this table are no longer available.

Table 6.13.—Hours Worked by Persons Engaged in Production by Industry
[Millions of hours]
Line

1976

1977

1979

1978

Hours worked by persons 1
engaged in production \

164,914

170,403

177,997

183,458

Domestic industries

2

164 958

170 445

178 047

J 83 500

Private industries

3

136,359

141 650

148 601

153 803

Agriculture, forestry and fish- 4
eries.
5
Farms
3
ry, and fisheries.

7746

7 589

7691

7755

6 859
887

6650
939

6 598
1 093

6 586
1 169

,

7

1 626

1735

Construction

8

8468

9075

10177

10817

Manufacturing
Durable goods ..
Nondurable goods

9
10
11

36 737
21 465
15272

38212
22629
15583

39,948
24,036
15912

40 855
24873
15982

Transportation and public utilities.
Transportation
...,.
Communication.................. .
Electric, gas and sanitary
services.

12

8,979

9,249

9,741

10 185

13
14
15

5,473
2,117
1,389

5,642
2,190
1,417

5,955
2,299
1,487

6,206
2428
1,551

Wholesale trade

16

9,226

9,509

9,991

10505

17

25,047

25,928

26,820

27273

Finance, insurance, and real 18
estate.

8,331

8,737

9,331

9837

Retail trade

,.,
, . .,

1 847

1991

19

30,199

31,616

33,055

34,585

Government and government en- 20
terprises.
21
Government.,
22
Government enterprises...

28,599

28,795

29,446

29,697

25,800
2,799

26,014
2,781

26,580
2,866

26771
2926

23

44

— 42

—50

42

Services

Rest of the world
1

Equals the hours worked by full-time and part-time employees (table 6.12) plus hours worked by the self-employed persons shown in table 6.10.
NOTE.—Data sources needed to calculate this table are no longer available.




89

SURVEY OF CURRENT BUSINESS

July

Table 6.14.—Employer Contributions for Social Insurance by Industry
[Millions of dollars]
Line

1976

1977

1978

1979

1981

1980

.;. „

I

70,544

79,467

92,071

105 791

115,297

133 219

..

2

70544

79467

92 071

105 791

115 297

133 219

3

46,445

52,731

62,306

72257

77,903

90 424

Agriculture forestry and fisheries

4

620

659

807

970

1043

1 193

Mining.,

5

705

824

1009

1229

1 470

1907

4,907

5848

6056

6,653

21,816
14108
7708

24,652
16030
8622

25,788
16545
9243

29,641
19,064
10577

6,454
4346
1,270
838

7425
4932
1,519
974

7,951
5154
1,697
1100

9196
5814
2,048
1334

Employer contributions for social insurance
Domestic industries

..

..

Private industries..

.

Construction

...

,.„,....

.,
.. ..

.. . .

Manufacturing
Durable goods
..
Nondurable goods

...... 6

3,548

3,995

7
8
9

16,091
10,038
6,053

18,532
11,824
6708

10
11
12
13

4,994
3,347
993
654

5645
3831
1,088
726

14

3,755

4194

4,969

5862

6422

7,570

15

6,316

7,122

8,275

9416

10011

11,286

16

2,893

3,263

3,861

4,585

5,169

6151

17

7,523

8,497

10,208

12,270

13,993

16,827

18

24,099

26736

29765

33534

37 394

42795

..„

Transportation and public utilities..
Transportation
Electric gas and sanitary services

. .. .

.......

Wholesale trade
Retail trade

.

,.

Finance insurance and real estate

.

Government and government enterprises

•

19

Rest of the world

Table 6.15.—Other Labor Income by Industry and by Type
[Millions of dollars]
Line
Other labor income

1976

1977

1

75 865

2
3

1978

1979

89435

102 530

75 865

89 435

70,927

83,616

1981

1980

114 912

127 246

102 530

114 912

127 246

140 419

95,825

107 390

118,631

130,332

140 419

By industry
Domestic industries .
Private industries

....

.

..

4

512

600

675

756

864

912

5

1,607

1918

2,089

2,395

2,810

3157

Construction.

6

2871

3468

4035

4551

4679

4766

Manufacturing
Durable goods..............
Nondurable goods

7
8
9

32 542
21,836
10706

38399
25,547
12,852

44005
29,251
14754

50128
33,447
16681

55516
36,895
18621

61785
41 144
20 641

10
11
12
13

10060
3983
4113
1,964

11544
4686
4620
2,238

13296
5411
5280
2605

14484
5937
5772
2775

15,721
6252
6371
3,098

16,972
6490
7062
3,420
7,583

Agriculture, forestry, and fisheries......
Mining..

,

,.

,

.
,
.....

Transportation and public utilities...
Transportation
... . . . . . . .
Communication

.,.
..

..

..

14

4,306

4,996

5,782

6,395

7,017

Retail trade

15

5,276

6,118

6,978

7,437

7,941

8,325

Finance insurance and real estate

16

5711

6761

7900

8503

9604

10623

17

8,042

9812

11065

12741

14479

16209

18

4938

5 819

6705

7 522

8615

10 087

Wholesale trade

,

Services

..

. . .

...

Government and government enterprises

.<

Rest of the world

19

By type
Employer contributions to private pension and welfare funds
Pension and profit sharing
Group insurance
Group health insurance
Group life insurance......
Workmen's compensation...
Supplemental unemployment

.„..,.,...

,

. .. ,,.....
...... .

Other

20

74,822

88,289

101,178

113,327

125,439

138,361

21
22
,
„ ,.. 23
24
,
25
26

32972
33,253
28,835
4,418
8,219
378

38432
39,247
34,453
4,794
10209
401

43 968
44794
39,345
5449
11,994
422

48903
50,006
44,171
5,835
13999
419

54694
55152
48949
6203
15248
345

60244
61936
55497
6439
15834
347

27

1,043

1,146

1,352

1,585

1,807

2,058

28

58,732

64,767

74,827

84,029

93,881

29
30
31
32
33

16,651
32,584
4005
5,292
200

19,672
34,358
4,364
6,183
190

23,141
39,628
4731
7,077
250

27,272
42,863
5092
8,331
471

31,656
46225
5601
9,488
911

Addenda:
Benefits paid by private pension and welfare funds
Group health insurance
Workmen's compensation ...
Supplemental unemployment ...




......

..
,„ ,,

....

..

90

SURVEY OF CURRENT BUSINESS

July

Table 6.16B.—Nonfarm Proprietors* Income by Industry
[Millions of dollars]
Line

1976

1977

1979

1978

1981

1980

Nonfarm proprietors' 1
income.

77,068

86,768

94,888

103,186

99,900

100,276

Agricultural services, forestry, 2
and fisheries.

1,191

1,571

1,625

1,513

1,165

1,228

,

3

2021

2222

860

2725

2709

3402

,,

4

10470

12271

14 932

15 464

14361

13321

Manufacturing....,
Durable goods
,
Nondurable goods
..

5
6
7

2,288
1,379
909

2,426
1580
846

2866
2 006
860

2,838
1 941
897

2030
1704
326

2148
1759
389

Transportation and public utilities.
Transportation
Communication
Electric, gas, and sanitary
services.

8

2,566

3,575

3,928

4,551

4,546

4,620

9
10
11

2323
45
198

3213
30
332

3599
108
437

4078
19
492

4263
32
315

4289
30
361

Wholesale trade

12

5850

5591

6584

7 193

7471

7419

Retail trade

13

13570

13878

14717

15749

14374

14553

Finance, insurance, and real 14
estate.

5,180

7,357

8,975

8,576

5,608

3,735

15
16
17
18

33,932
12,419
7,572
13941

37877
12,800
8366
16711

40 401
13034
8936
18431

44577
13890
9866
20821

47636
14,884
10994
21758

49 855
15,996
10,840
23019

Mining....

,

Construction..

,.....,„..

Services
Health
Legal
Other

,

Table 6.17B.—Noncorporate Capital Consumption Allowances by Industry
[Millions of dollars]
Line

1976

1977

capital 1
allow-

42,859

47,185

Agriculture, forestry, and fish- 2
eries.
3
Farms , .
Agricultural services, forest- 4
ry, and fisheries.

6,708

6,251
457

5
6
7
8
9

Transportaion and public utilities.
Transportation
Communication.....
Electric, gas, and sanitary
services.
Wholesale trade

Noncorporate
consumption
ances.

Mining

Manufacturing
Durable goods
Nondurable goods.....

,

1979

1978

1980

1981

78,095

53,059

60,831

68,592

7,400

8,295

9,269

10,493

11,542

6883
517

7,661
634

8,578
691

9,577
916

10,440
1,102

990

1298

1582

2115

3,000

4160

1343

1506

1743

1980

2062

2,111

716
469
247

752
497
255

953
618
335

1 129
708
421

1556
894
662

1,919
1,097

10

1,492

1,782

2,173

2,645

2,787

3,217

11
12
13

1 164
82
246

1405
99
278

1772
120
281

2161
134
350

2247
158
OQO
OO£

2,564
197
456

14

597

578

684

779

790

852

822

Retail trade

15

2,022

2,197

2,481

2,841

2,915

3,187

Finance, insurance, and real
estate.
Finance and insurance
Real estate
Owner-occupied
nonfarm
housing.
Other

16

24,367

26,354

28,956

32,870

36,676

41,276

17
18
19

219
24,148
12,969

332
26,022
14,110

334
28,622
15,454

686
32,184
17,099

687
35,989
18,533

829
40,447
19,948

20

11,179

11,912

13,168

15,085

17,456

20,499

Services

21

4,624

5,318

6,192

7,203

8,313

9,831




SURVEY OF CURRENT BUSINESS

July

91

Table 6.18B.—Inventory Valuation Adjustment to Nonfarm Incomes by Legal Form of Organization and Industry
[Millions of dollars]
Line
Inventory valuation adjustment to nonfarm
incomes.
Corporate business
Mining

,, ... ,

1979

1978

1980

1981

1

-15,873

-17,386

-25,985

-46,017

-46,095

-26,203

2

14 679

16 183

24 Oil

43 110

42 997

24 614

3

394

387

393

1,277

657

-557

4

866

984

1,502

-1,438

-1,016

5
6
. 7

6,447
4489
1958

-7,828
5665
2163

-9,930
6 162
3 768

-18,946
10361
8585

-19,122
10317
8805

-12,005
8245
3760

public 8

-1,498

-1,405

-1,029

-4,576

-3,556

-2,655

9

208

210

234

983

740

Construction
Manufacturing.........
Durable goods
Nondurable goods
Transportation and
utilities.
Transportation

1977

1976

-771

378

10

81

54

401

171

88

Electric, gas, and sanitary 11
services.

-1,209

-1,141

-675

-3,192

-2,645

-2,189

12

2,557

-2,124

-5,567

-8,082

8,772

-3,311

13

-2,657

3,100

-5,110

-7,559

-8,426

-4,284

Wholesale trade
Retail trade

,.

Other

Mining

Manufacturing

,...,„...,...,,,

Nondurable goods

•

120

14

260

355

-480

1232

1448

1,031

15

1 194

1 203

1 974

2 907

3 098

1 589

16

g

8

g

26

13

11

17

232

188

224

196

138

105

18
19
20

-64
54
10

-85
68
17

-108

162
113
49

-166

-105

108
58

83
—22

78
30

Wholesale trade

21

160

111

374

559

595

158

Retail trade

22

623

-681

—1,046

1,548

1726

-880

Other

23

107

-130

-214

-416

-460

-330

Table 6.19B.—Net Interest by Industry
[Millions of dollars]
Line

forestry,

1980

1979

1978

1981

1

87,225

102,520

121,672

153,773

187,699

235,653

2

81 003

94 165

111 723

141 770

171,866

209,262

and 3

5,858

7,116

8,481

10,850

13,708

17,301
3238

Net interest
Domestic industries
Agriculture,
fisheries.

1977

1976

... 4

679

927

1 621

1992

2558

5

1 103

1 170

1581

1900

2347

3,007

6
7
8

9131
4769
4 362

9,675
4490
5185

10,037
4353
5684

11,993
5,690
6303

13481
6 022
7 459

14661
5900
8761

Transportation and public
utilities.
Transportation
Communication.......
Electric, gas, and sanitary
services.

9

12,901

13,909

15,599

18,186

22,341

27,910

10
12

2203
3308
7,390

2365
3474
8,070

2891
3734
8,974

3 065
4,456
10,665

3 680
5,476
13,185

4601
6889
16,420

Wholesale trade

13

1 699

2 023

3 110

4 659

5 741

7021

Retail trade

14

2402

3207

4365

5889

6986

8732

Finance, insurance, and real
estate.
Finance
,
,
...
Real estate
Other.. ...

15

44,032

52,613

62,737

81,133

98,255

119,075

16

15313
60516
— 1 171

—15,345
69,304
—1,346

16 165
80842
1940

12,898
96471
— 2440

12917
113 178
2006

10619
132 146
2452

Mining
Construction
Manufacturing
Durable goods
Nondurable goods

Rest of the world

...




„,

11

17
18
19

3,198

3,525

4,192

5,158

6449

8317

20

6,222

8,355

9,949

12,003

15,833

26 391

92

SURVEY OF CURRENT BUSINESS

July

Table 6.20B,—Corporate Profits by Industry
[Billions of dollars]
Seasonally adjusted at annual rates
Line

138.1

Corporate profits with inventory valuation
and capital consumption adjustments.
Domestic industries

.......

,

1976

.. 2

123.8

3
4

16.6
107.3

Financial...,
Nonfinancial

1977

1978

167.3

22.6
129.5

1979

1980

1977

1981

1978

III

IV

III

IV

192.4

194.8

181.6

190.6

148.2

167.0

182.5

171.4

167.9

193.7

199.5

208.5

172.7

164.2

151.3

167.8

132.9

151.7

166.3

157.5

148.3

177.2

180.0

185.1

30.6

29.5
134.7

28.3
123.0

22.2
145.6

19.9
113.0

21.7
130.0

23.6
142.8

25.4
132.1

27.6
120.7

30.3
146.9

31.9
148.0

32.6
152.6

142.1

5

14.3

15.1

19.7

30.6

30.3

22.8

15.3

15.3

16.1

13.9

19.6

16.5

19.5

23.4

Corporate profits with inventory valuation ad- 6
justment.

151.6

178.5

205.1

209.6

199.4

207.5

160.4

178.4

192.7

182.6

178,9

205.5

213.3

222.7

Rest of the world.........

Domestic industries
Financial
Federal Reserve Banks
Other
Nonfinancial

,..

Manufacturing............

7

137.4

163.4

185.4

179.0

169.1

184.6

145.1

163.1

176.6

168.7

159.3

189.0

193.8

199.4

8
9
10

17.1
6.0
11.1

23.1
6.2
16.9

31.0
7.7
23.3

30.3
9.6
20.7

29.2
11.9
17.2

22.7
14.5
8.1

20.4
6.0
14.4

22.2
6.2
16.0

24.0
6.2
17.7

25.8
6,4
19.4

27.9
6.9
21.0

30.6
7.4
23.2

32.4
8.0
24.3

33.2
8.7
24.5

11

120.3

140.3

154.4

148.6

140.0

162.0

124.6

140.9

152.6

142.9

131.5

158.4

161.4

166.2

12

69.2

78.3

85.6

74.5

86.3

71.1

78.0

81.6

82.3

72.5

89.5

91.4

94.0

44.3
3.5
4.9
9.4
6.5
8.9
11.0

37.1
3.5
5.2
8.9
5.1
4.7
9.8

20.7
2.9
4.4
7.2
4.4
-5.0
6.8

28.4
4.1
4.9
9.3
5.1
-1.1
6.2

34.4
1.0
4.3
7.6
5.0
8.3

37.2
1.2
4.3
8.5
5.3
10.3
7.6

38.5
0.6
4.3
8.9
5.6
9.8
9.4

42.2
1.6
4.7
10.0
6.5
9.3
10.1

35.6
1.0
3.9
8.0
6.1
7.0
9.7

46.9
4.2
5.2
11.0
6.3
9.2
11.0

46.8
4.3
5.3
8.3
7.4
10.4
11.2

47.8
4.5
5.4
10.3
6.4
8.9
12.3

Durable goods
Primary metal industries..........
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Motor vehicles and equipment
Other

13
14
15
16
17
18
19

30.4
2.1
3.8
6.3
3.4
7.2
7.6

38.1
1.1
4.4
8.8
5.6
9.4
8.8

Nondurable goods
Food and kindred products
Chemicals and allied products
Petroleum and coal products
Other

20
21
22
23
24

38.8
6.9
8.3
12.6
11.0

40.2
6.8
7.9
11.6
13.8

42.6
6.0
8.3
13.8
14.5

5.7
7.1
20.7
14.8

53.8
6.2
6.7
28.0
13.0

57.9
8.7
8.2
26.6
14.4

36.7
4.9
7.6
11.5
12.7

40.8
7.3
8.0
11.8
13.8

43.1
9.7
8.0
11.4
14.0

40.1
5.5
8.0
11.8
14.7

36.9
5.7
7.5
9.6
14.1

42.6
5.9
8.0
13.5
15.2

44.6
6.3
8.4
16.1
13.8

46.2
6.1
9.3
15.8
15.0

Transportation and public utilities
Wholesale and retail trade
Other.......

25
26
27

14.5
22.4
14.2

17.8
26.6
17.6

20.6
26.9
20.0

15.9
27.1
20.1

17.4
24.6
23.4

19.1
33.4
23.1

16.0
21.9
15.6

16.9
27.9
18.2

19.9
33.0
18.1

18.3
23.6
18.6

16.7
24.5
17.8

20.8
27.4
20.7

22.4
27.4
20.3

22.7
28.3
21.1

28

14.3

15.1

19.7

30.6

30.3

22.8

15.3

15.3

16.1

13.9

19.6

16.5

19.5

23.4

Rest of the world

,

Seasonally adjusted at annual rates

1979

Line

Corporate profits with inventory valuation
and capital consumption adjustments.
Domestic industries..
Financial........
Nonfinancial..

201.3

IV

197.5

183.1

195.3

1982

1981

1980

III

III

IV

177.8

181.2

200.3

III

IV

185.1

193.1

183.9

157.1

177.1

168.2

162.7

148.8

160.2

140.6

148.2

156.3

176.5

164.3

172.2

158.3

140.2

30.7
146.3

29.2
139.0

28.8
133.9

29.1
119.6

30.7
129.6

27.8
112.8

26.4
121.8

28.6
127.7

26.1
150.4

22.2
142.1

20.3
151.8

20.1
138.2

19.9
120.3

24.3

29.0

34.8

34.4

35.1

31.7

29.6

24.9

23.8

20.8

21.0

25.7

16.9

215.6

211.4

212.2

199.2

211.0

189.4

197.0

200.4

217.6

202.6

210.3

199.4

167.2

191.3

182.4

177.4

164.8

175.9

157.8

167.5

175.5

193.8

181.7

189.3

173.7

150.3

31.4
8.7
22.8

30.0
9.2
20.9

29.7
9.8
19.9

30.1
10.7
19.4

31.5
11.6
19.9

28.6
12.5
16.1

27.2
11.4
15.8

29.4
12.2
17.1

26.8
13.2
13.6

22.7
14.2
8.6

20.8
15.2
5.5

20.4
15.6
4.8

20.0
16.1
3.9

159.9

152.3

147.7

134.7

144.4

129.2

140.3

146.1

167.0

159.0

168.5

153.3

130.4

95.8

87.2

83.6

75.6

85.2

64.7

70.0

78.1

90.3

88.9

92.2

73.7

57.7

Durable goods
Primary metal industries...,....,,
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment.,
Motor vehicles and equipment ........
Other.............

47.8
4.1
5.4
9.3
6.5
11.2
11.2

41.3
4.4
5.4
8.9
5.0
6.8
10.7

33.1
3.9
4.9
9.2
4.6
0.8
9.7

26.3
1.6
5.0
8.2
4.1
-0.1
7.5

25.5
4.7
5.4
7.2
5.2
-3.7
6.7

12.4
2.6
2.8
7.0
3.5
-10.6
7.1

18.2
0.1
4.3
7.4
4.3
-4.1
6.3

26.5
4.2
5.0
7.2
4.5
-1.4
7.1

32.1
7.0
4.7
8.4
6.2
-2.6
8.4

35.2
4.7
6.0
9.2
4.9
2.6
7.8

27.4
4.1
5.4
9.6
4.8
-2.8
6.3

18.9
0.7
3.4
9.9
4.3
^-L8
2.4

9.1
-3.1
4.4
8.3
3.6
-4.1
0.0

Nondurable goods
,
Food and kindred products........
Chemicals and allied productsPetroleum and coal products ....
Other.........

48.1
5.7
8.7
17.6
16.1

45.9
6.2
7.5
18.0
14.2

50.5
6.2
6.9
20.7
16.6

49.3
4.9
5.4
26.6
12.5

59.6
6.6
7.4
31.5
14.1

52.3
5.5
5.5
29.1
12.2

51.8
4.9
6.6
27.7
12.7

51.6
7.6
7.4
23.5
12.9

58.2
10.4
9.4
23.5
14.9

53.7
8.5
7.5
23.3
14.4

64.8
7.7
8.0
35.1
14.1

54.7
8.1
7.8
24.7
14.1

48.6
6.7
6.5
25.4
10.0

Transportation and public utilities..
Wholesale and retail trade....,
Other
,

19.1
25.6
19.3

17.7
28.2
19.3

14.1
29.3
20.7

12.6
25.4
21.1

16.8
19.7
22.7

13.9
27.1
23.5

21.5
24.4
24.3

17.5
27.3
23.3

20.1
33.0
23.6

15.6
32.1
22.5

19.6
33.0
23.7

21.2
35.7
22.7

18.8
31.9
21.9

24.3

29.0

34.8

34.4

35.1

31.7

29.6

24.9

23.8

20.8

21.0

25.7

16.9

Rest of the world..
Corporate profits with inventory valuation adjustment.
Domestic industries.,
Financial..........
Federal Reserve Banks.,
Other.....
Nonfinancial
Manufacturing....

Rest of the world..




93

SURVEY OF CURRENT BUSINESS

July

Table 6.21B.—Corporate Profits Before Tax by Industry
[Millions of dollars]
Line
Corporate profits before tax
Domestic industries

..

Agriculture, forestry) and fisheries
Farms
.
Agricultural S6rvices forestry and fisheries .
Mining

...

Metal mining
Coal mining
Oil and gas extraction . . .
Nonmetallic minerals except fuels

.

1977

1976

1978

1979

1981

1980

1

166,315

194,712

229,118

252,676

242,446

232,076

2

152,042

179,563

209,390

222,070

212,138

209,250

3

675

587

1,196

1,178

1,055

941

4
5

468
207

389
198

929
267

889
289

6

4,133

3,293

2,638

3,501

4,788

4,760

7
8
9
10

167
1,322
2,175
469

31
749
2,041
534

-79
335
1,649
733

281
434
1,885
901

Construction

11

3,340

4,706

5,760

5,938

6,508

6,389

Manufacturing

12

75,648

86,088

96,782

104,504

93,618

98,285

13
14
15
16
17
18
19
20
21
22
23
24

34,873
2,408
623
1,910
2,643
4,489
7,495
3,770
7,282
1,088
2,007
1,158

43,743
3,060
750
2,290
1,909
5,187
10,225
6,056
9,742
889
2,267
1,368

50,442
4,063
1,003
2,839
4,265
5,674
11,025
7,271
9,226
1,119
2,671
1,286

47,487
3,908
921
2,891
5,459
6,404
11,379
6,443
5,223
806
2,589
1,464

30,990

36,654

25
26
27
28
29
30
31
32
33
34
35

40,775
7,138
1,376
1,440
1,422
3,051
3,410
8,674
12,651
1,107
506

42,345
7,390
1,529
1,924
1,818
2,987
4,373
8,485
11,862
1,560
417

46,340
7,589
1,906
1,918
1,634
3,383
4,955
8,659
13,992
1,688
616

57,017
7,142
2,042
1,998
1,617
4,480
5,125
9,324
23,157
1,544
588

62,628

61,631

Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products.
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products . .
Miscellaneous manufacturing industries
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 miscellaneous plastic products
Leather and leather products
Transportation and public utilities

..

Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines except natural gas
Transportation services
Communication
Telephone and telegraph
Radio and television broadcasting.
Electric, gas, and sanitary services

. .

36

16,005

19,181

21,662

20,429

20,968

21,783

... . . 37
38
39
40
41
42
43
44

3,228
316
191
1,272
253
459
527
210

3,909
457
237
1,437
309
792
430
247

4,216
177
182
1,749
117
1,103
624
264

4,248
990
245
1,446
306
-132
1,014
379

4,251

3,845

45
46
47

5,525
4,518
1,007

6,501
5,187
1,314

8,412
6,893
1,519

7,542
6,049
1,493

8,153

8,409

.... 48

7,252

8,771

9,034

8,639

8,564

9,529

Wholesale trade.

49

14,906

17,159

20,244

25,145

25,006

24,133

Retail trade

50

12,688

14,682

17,328

17,637

16,805

16,906

Finance, insurance, and real estate

51

18,917

26,424

35,128

34,239

33,295

26,292

52
53
54
55
56
57
58
59
60

10,663
5,975
4,688
4,013
788
2,349
607
1,151
654

12,082
6,220
5,862
4,923
281
6,557
1,156
2,314
889

15,197
7,749
7,448
7,903
474
7,897
1,266
2,677
-286

18 142
9,566
8,576
5,334
425
6,913
1,141
2,399
-115

10,095

9,761

Banking
Federal Reserve banks
Commercial and mutual banks
Credit agencies other than banks
Security, commodity brokers and services
Insurance carriers
Insurance agents, brokers, and services
Real estate
Holding and other investment companies
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and garages
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Other services
... . . . .
Health services
Legal services
Educational services
Other *
Rest of the world 2
Receipts from rest of the world
Less: Payments to rest of the world
1

61

5,730

7,443

8,652

9,499

62
63
64
65
66
67
68
69
70
71
72
73

300
428
1,744
335
175
456
420
1,872
1,199
120
53
500

403
464
2,409
432
220
524
535
2,456
1,458
162
98
738

783
543
2,543
364
277
829
619
2,694
1,679
206
123
686

995
577
2,567
294
242
829
641
3,354
2,121
310
90
833

74

14,273

15,149

19,728

30,606

30,308

22,826

75
76

18,526
4,253

19,372
4,223

25,388
5,660

37,987
7,381

38,968
8,660

31,757
8,931

Consists of social services, membership organizations, and miscellaneous professional services.
Consists of receipts by all U.S. residents, including both corporations and persons, of earnings of unincorporated foreign affiliates, dividends from their incorporated foreign affiliates, and their
share of reinvested earnings of their-incorporated foreign affiliates, net of corresponding outflows.
2




94

SURVEY OF CURRENT BUSINESS

July

Table 6.22B.—Federal, State, and Local Corporate Profits Tax Liability by Industry
[Millions of dollars]
Line
Corporate profits tax liability

...

Domestic industries
Agriculture, forestry, and fisheries
Farms
,
Agricultural services, forestry, and fisheries
Mining .........

,. .

.

Electric and electronic equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries

.

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 miscellaneous plastic products
Leather and leather products

Transportation
.
,
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation..,,..,
Transportation by air ..
. .,
Pipelines except natural gas
.
Transportation services
. ...

Electric, gas, and sanitary services .

rTf

'

fh

fh

t

Vi

k

' '

1

6

1 106

1 203

1 215

1 368

1 634

2 009

88
331
641
96

30
198
866
109

76
147
819
173

94
136
923
215

16770

. . 25
26
27
28
29
30
31
32
33
34
35

16792
3320
720
590
640
1,178
1,654
4007
3,955
508
220

17233
3437
817
690
804
1,116
2022
4048
3,422
669
208

18141
3457
920
801
690
1281
2,287
4138
3613
676
278

21358
3303
991
769
706
1,525
2165
3992
7,003
622
282

22735

21476

36

4526

5308

6,267

5713

5,444

3,574

37
38
39
40
41
42
43
44

1 144
165
18
497
96
82
206
80

1 127
25
9
509
120
125
236
103

1379
177
25
575
111
151
219
121

1,614
357
47
502
164
66
360
118

1,430

1,004

45
46
47

1507
1 009
498

1765
1 150
615

2483
1771
712

1844
1 163
681

1784

519

.
.....

... .....
..

H

,.
•

......,.,

318
90

16 168

..

.. ...

Health services

Rest of the world

293
70

20508
902
425
1041
1870
2618
4,989
3182
2634
791
1372
684

...

.....

218
54

22793
1076
410
1230
1650
2427
5,238
3311
4678
782
1389
602

lr

.. ..

132

20225
909
330
893
962
2328
4,577
2929
4764
793
1 168
572

,.

Motion pictures
Amusement and recreation services

Educational
services
Other 1

408

229
58

16686
635
276
714
990
2057
3,861
2,297
3,601
673
1045
537

Personal services .
Business services
'

363

4
5

13
14
15
16
, .. ..
17
18
19
.. .... . 20
21
22
23
... .......
24

Services

11

287

244

2,208

Real estate

M'

272

38,246

becun. y,*= commo ,.i y hroIT ers an A services
T

81,175

3

1,676

,

h

81 175

84652

38903

.....

Finance insurance and real estate

P
,..

84 652

87 597

2,071

,

,,

87 597

83238

41866

,

k
,

83 238

72699

40,934

,

Fpd ral RPH rv h
P
. ,
i

72699

63 844

1445

Communication
Telephone and telegraph

Retail trade

63844

37,458

Transportation and public utilities

Wholesale trade

1

1,259

.,

Primary metal industries
Fabricated metal products

.

••

•• «<•

1 685

48

1,875

2,416

2,405

2,255

2,230

2,051

49

4,344

4,817

5,558

6,736

6,633

6,747

50

4,634

5,246

6,158

5,990

5,432

5,942

51

12,509

14,842

18,451

20,502

21,916

19,645

2,770

2,672

0

0

52
53
54
55
56
57
58
59
60

6,952
5870
1 082
1 292
387
2575
261
792
250

7,345
5937
1 408
1 754
202
3784
362
1068
327

9,108
7006
2 102
2213
270
4765
417
1,254
424

11,591
9279
2312
1707
334
4,737
415
1,220
498

61

1,716

2,093

2,607

2,943

62
63
64
65
66
67
68
69
70
71
72
73

95
120
548
113
50
102
207
481
258
15
20
188

181
131
735
131
47
146
230
492
275
17
16
184

314
156
863
126
54
175
262
657
342
27
39
249

411
180
967
112
64
174
313
722
388
37
38
259

74

0

0

0

0

Consists of social services, membership organizations, and miscellaneous professional services.




1981

33,478

,.„

Durable goods
Lumber and wood products
Furniture and fixtures ..

1980

1979

12

,,
,

1978

11

Construction
Manufacturing....

1977

2

7
8
... ..... . ..... 9
10

Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals except fuels

1976

95

SURVEY OF CURRENT BUSINESS

July

Table 6.23B.—Corporate Profits After Tax by Industry
[Millions of dollars]
Line
Corporate profits after tax
Domestic industries..

.

Agriculture forestry and fisheries
Farms.
Agricultural services forestry and fisheries
Mining
Metal mining
Coal mining
Oil and gas extraction
.
Nonmetallic minerals except fuels

.

1978

1981

1980

1979

1

102 471

122013

145 880

165 079

157794

150 901

2

88,198

106,864

126,152

134,473

127,486

128,075

3

403

300

833

770

811

809

4
5

250
153

160
140

636
197

571
199

6

3,027

2 090

1423

2133

3154

2,751

129
991

61
551

1,534

1,175

155
188
830
560

187
298
962
686

7
8
9
10

....

1977

1976

373

425

Construction

11

2081

3,261

4,075

3,867

4832

4,181

Manufacturing

12

42,170

48,630

55848

62,638

54,715

60,039

Durable goods....
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries.
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Motor vehicles and equipment
Other transportation equipment . . . .
Instruments and related products
.
Miscellaneous manufacturing industries

13
14
15
16
17
18
19
20
21
22
23
24

18,187
1773

23,518
2151

26 979
3006

14 822

19884

347

27 649
2987

420

593

496

1,196
1,653
2,432
3,634
1,473
3,681

1,397
2,859
5,648
3,127

1609
2615
3,247
5787
3960

1850
3589
3,786
6390
3261

96

337

415
962
621

15

4,978
1099

4548
1282

2589
1217

796

684

780

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 miscellaneous plastic products
Leather and leather products

25
26
27
28
29
30
31
32
33
34
35

23983
3,818

25112
3,953

28199
4,132

39893

40 155

656
850
782

712

986
1,117

1,873
1,756
4667
8,696

1,234
1,014
1,871
2,351
4437
8,440

35659
3839
1 051
1,229

599
286

891
209

36

11 479

37
38
39
40
41
42
43
44
45
46
47

Transportation and public utilities
Transportation
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
.
Pipelines except natural gas
Transportation services
Communication
Telephone and telegraph .
Radio and television broadcasting

;

.

Electric gas and sanitary services
Wholesale trade
Retail trade

.

Finance, insurance, and real estate
Banking
Federal Reserve banks
Commercial and mutual banks
.
Credit agencies other than banks
Security, commodity brokers and services
Insurance carriers
Insurance agents, brokers, and services
Real estate
Holding and other investment companies
Services
Hotels and other lodging places
Personal services
Business services
Auto repair, services, and garages
Miscellaneous repair services
Motion pictures
...
Amusement and recreation services
Other services
Health services
..
Legal services
Other 1
Rest of the world 2
Receipts from rest of the world
Less* Payments to rest of the world
1
Consists
2

.. .

947

944

911

2,102
2668
4521
10,379
1012

2,955
2,960
5332
16 154

338

922
306

13873

15 395

14716

15524

18 209

2084

2 782

2837

2634

2821

2841

151
173
775
157
377
321
130

432
228
928
189
667
194
144

0
157
6
952
405
143

633
198
944
142
198
654
261

4,018
3509

4,736
4037

5,929
5122

5,698
4886

6,369

7,890

509

699

807

812

1 174

48

5 377

6355

6629

6384

6 334

7 478

49

10 562

12342

14686

18 409

18 373

17 386

50

8,054

9,436

11 170

11 647

11373

10 964

11,379

6,647

51

6,408

11,582

16,677

13,737

52
53
54
...
55
56
. . . 57
58
59
60

3711

4737

6089

6551

-904

1246
-1,216

61

4,014

62
63
64
65
66
67
*•••
68
69
• • • 70
71
72
73

205
308
1 196

1674

105

283

743

287

3,606
2 721

4454
3169

5 346
5690

6264
3627

401
226
346
359

222
125
354
213
1,391

941
105
33
312

79

204

2773

3 132

2 176

849

726

794

91

1 423
-710

1 179
—613

5,350

6045

6 556

222

469
387

584
397

1 680

1 600

238
223
654
357

182
178
655
328

1,964
1,183

2,037
1,337

2,632
1733

145
82
554

179
84
437

273
52
574

oqo

301
173
378
305

•

7 325

7 089

74

14,273

15,149

19,728

30,606

30,308

22826

75
76

18,526
4253

19,372
4,223

25,388
5,660

37,987
7,381

38,968
8,660

31 757
8931

of social services, membership organizations, and miscellaneous professional services.
Consists of receipts by all U.S. residents, including both corporations and persons, of earnings of unincorporated foreign affiliates, dividends from their incorporated foreign affiliates, and their
share of reinvested earnings of their incorporated foreign affiliates, net of corresponding outflows.




96

SURVEY OF CURRENT BUSINESS

July

Table 6.24B.—Net Corporate Dividend Payments by Industry
[Millions of dollars]
Line
Net corporate dividends
Domestic industries
Agriculture, forestry, and fisheries
Farms
. . .
Agricultural services, forestry, and fisheries
Mining

.

.

Metal mining
Coal mining
Oil and gas extraction
Nonmetallic minerals except fuels

1976

1977

1978

1979

1981

1980

1

37 356

40818

46981

52 670

58 066

65 097

2

29120

30479

36484

37 560

39678

50 775

3

189

338

203

303

340

390

4
5

147
42

272
66

181
22

246
57

6

761

1795

7
8
9
10

54
263
336
108

66
208
—2,241
172

11

385

12

1 490

2 647

104
213

112
302

1953

3173

3 315

1 647

146

112

420

480

440

287

452

12,708

13,972

17,374

18,137

19,549

24,292

13
14
15
16
17
18
19
20
21
22
23
24

5,876
334
60
312
913
464
1 148
494
1,644
134
284
89

5,998
384
61
353
930
579
1576
460
1,323
38
198
96

7,298
555
87
315
943
668
1739
1,090
1218
294
259
130

7,618

7,050

8,412

25
Nondurable goods
26
Food and kindred products
27
Tobacco manufactures
Textile mill products
.
....
. . . . 28
29
Apparel and other textile products
30
Paper and allied products
31
Printing and publishing
32
Chemicals and allied products
33
Petroleum and coal products
34
Rubber and miscellaneous plastics products
. ..
35
Leather and leather products

6,832
1336
302
163
163
644
546
2036
1,397
189
56

7974
1584
302
206
186
609
699
2640
1,462
221
65

10076
1705
356
196
181
651
735
3132
2,931
127
62

10 519
1644

12499

15880

Construction

...

Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone clay and glass products
Primary metal industries . . .
Fabricated metal products
Machinery except electrical
Electric and electronic equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries

496
89
415
1,114

715
1377
1,463
1 102

183
509
155

475
365
138
752
699
3583
2,578
212
73

36

9258

10,551

12 277

13,214

14599

17,473

Transportation
. .
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
. . .
Water transportation
Transportation by air . . . .
Pipelines except natural gas
Transportation services

37
38
39
40
41
42
43
44

1002

1220

1382

1475

1708

528
13
123
40
57
170
71

999
449
12
181
42
43
196
76

554
10
212
12
110
236
86

555
14
201
105
177
219
111

Communication
Telephone and telegraph
Radio and television broadcasting

45
46
47

2,924
2,795
129

3,659
3,471
188

4,231
4028

4,800
4,586
214

5,026

5,775

203

Electric, gas, and sanitary services

48

5,332

5,893

6,826

7,032

8,098

9,990

49

2,720

3,834

4,145

5,170

5,270

5,578

2446

2,698

3,112

1,442

-766

1,692

1,891

Transportation and public utilities

Wholesale trade

50

Retail trade

51

Finance, insurance, and real estate
Banking
C1
P rl't
„ecuri*ty,

' 1
'

f\
t 1 Vl
fh
tVi
h
commorTt
i y K o1re s

T

t

Real estate

h k

lr
lr
a H

d

..

Services
Personal services
* .
.
.
,
Miscellaneous repair services
Motion pictures
Other services
Health services
Legal services
Educational services
Other *
Rest of the world 2
Receipts -from rest of the world
Less* Payments to rest of the world
1
Consists
2

servic

1,893

1,967

2324

8

-43

1,031

1,866

2,135

57

2,182

60
2075
556
51
4,111
184
837
340

774
68
4323
221
747
288

2,644
67
2577
616
93
-5,324
319
718
97

287

52
53
54
55
56
57
58
59
60

561
48
2784
147
518
69

61

919

1,214

1,528

62
63
64
65
66
67
68
69
70
71
72
73

50
103
265
23
9
35
77
357
154
9
6
188

88
70
401
48
9
63
126
395
145
12
8
230

99
92
296
57
30
86
144
410
198
26
18
168

189
131
389
52
13
94
116
544
216
62
48
218

74

8,236

10,339

10,497

15,110

18,388

14,322

75
76

10,830
2,594

12,976
2,637

13583
3,086

18,445
3,335

22,270
3,882

19,098
4,776

1 809

1,200

63
2 119

of social services, membership organizations, and miscellaneous professional services.
Consists of receipts by U.S. residents of dividends paid by their incorporated foreign affiliates and of earnings of their unincorporated foreign affiliates, net of the corresponding payments.




97

SURVEY OF CURRENT BUSINESS

July

Table 6.25B.—Undistributed Corporate Profits by Industry
[Millions of dollars]
Line

Domestic industries.....,.,..

.,

,. ...

Agriculture, forestry, and fisheries

..,„....,

Farms
Agricultural services, forestry, and fisheries

Construction

..

... ,

Durable goods
. .. ... .
Lumber and wood products
Furniture and fixtures
Stone clay and glass products
Primary metal industries
Fabricated metal products
,.
Machinery except electrical
Electric and electronic equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products

Transportation and public utilities

Transportation b y a i r
Pipelines except natural gas
Transportation services

Retail trade

.. ..

Banking
Federal Reserve banks
Commercial and mutual banks
Credit agencies other than banks ,
Security, commodity brokers and services.
Insurance carriers . ... ...,...,..,......, ...
Insurance agents, brokers, and services
Real estate ....
.
Holding and other investment comanies

,

Services
Hotels and other lodging places
Personal services .
,
Business services . .
Auto repair services and garages
Miscellaneous repair services
Motion pictures
Amusement and recreation services
Other services
Health services
Legal services .
..
Educational services
l
Other
Rest of the world 2 .,

..
,
. ....
,
....
..

..

,

Receipts from rest of the world
Less' Payments to rest of the world........
1

,,...,....,...„....,

77 300

471

419

6469

4398

3 885

2913

4780

75
728

127
343

259
25

75
4

1,198

3,416

2783

4135

265

253

414

574

11

1,696

2,841

3,595

3427

4,545

3729

12

29,462

34,658

38,474

44,501

35,166

35,747

13
14
15
16
17
18
.. , 19
20
21
.......... 22
23
24

12,311
1439

17,520
1767

20,351
2432

19,361
2510

7772

11472

287
884
740

359

506

407

1,044

1294
1672
2,579
4,048
2870
3,330

1,435
2475
3,071
5013
1798
1,487

43

27,394

24,275

, ...

..

87 808

2 266

,

Finance, insurance, and real estate

85 804

96913

6

. . . . . . .

Electric gas and sanitary services

99 728

89668

467

,. .... .,

Wholesale trade

112 409

76385

325
142

,„.

,,

98899

59,078

455
175

,.

Communication
,.
Telephone and telegraph.
Radio and television broadcasting

81,195

630

..

Transportation
Railroad transportation. ...
,. . ... . .. ..
Local and interurban passenger transit
Trucking and warehousing
,„

65,115

112
74

,

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 miscellaneous plastic products
Leather and leather products

1
2

—38

,. .. ,. ,

...

1981

1980

103
111

,

..,..,.,...,
»
..
,
......

1979

214

....

Manufacturing

1978

3

Mining
Metal mining
Coal mining,,
,., ,
,
,..,.„..,.„.
Oil and gas extraction...
, ...... . . . . .... . ..... ...
Nonmetallic minerals except fuels

1977

4
5

....
,. ,.

1976

7
8
9
10

1,968
2,486

17

2,037

2,280
4,072
2667
3,655

281
678
532

58
901
700

1023

554

168
708
625

25
26
27
28
29
30
31
32
33
34
35

17,151
2,482

17,138
2,369

18,123
2,427

354
687
619

25,140
2195

410
1028

828

630
921
763

576
864
773

1229
1,210
2,631
7299

1262
1,652
1797
6978

1451
1,933
1,389
7448

2203
2,261
1,749
13576

410
230

670
144

885
276

710
233

... 36

2,221

3,322

3118

1,502

37
38
39
40
41
42
43
44

1082

1783

377
160
652
117
320
151
59

1 617

1 252

17
216
747
147
624
2
68

554
147
962
6
842
169
57

78
184
743
37
375
435
150

45
46
47

1,094

1,077

714
380

566
511

1,698
1094

898
300
598

979

604

925

736

1 346

1 133

1,343

2,115

48

45

462

197

648

1764

2512

49

7842

8,508

10,541

13,239

13,103

11,808

50

6,161

7469

8846

9,201

8,675

7,852

51

6,121

11,590

16,720

14,768

12,821

7,413

52
53
54
55
56
57
58
59
60

1845

3907

3907

1797
2160

2602
?
223
2379
2613

2,558

6884

-835

-1,556

-998

-516

61

3 095

4 150

4 83i

5028

5633

5 198

62
63
64
65
66
67
68
69
70
71
72
73

155
205
931
199
116
319
136

134
263

370
295

395
266

1273

1384

1211

253
164
315
179

181
193
568
213

130
165
561
212

1569
1038

1,627
1 139

133
74
324

153
66
269

2088
1517
*211

48
353
199
159

1034

787
96
27
124

28
610
409

680

220

3227
4916

3687
3011

136

2

7455

7 500

628
676

407
461

4
356

74

6,037

4,810

9,231

15,496

11,920

8,504

75
76

7696
1,659

6396
1,586

11805
2,574

19,542
4,046

16698
4,778

12 659
4,155

Consists of social services, membership organizations, and miscellaneous professional services.
2
Consists of receipts by U.S. residents of their share of the reinvested earnings of their incorporated foreign affiliates, net of the corresponding payments to foreign residents for their share of
the reinvested earnings of their incorporated U.S. affiliates.

378-127 0 - 8 2 - 7




98

SURVEY OF CURRENT BUSINESS

July

Table 6.26B.—Corporate Capital Consumption Allowances by Industry
[Millions of dollars]
Line
Corporate capital consumption allowances
Agriculture, forestry, and fisheries
Farms
Agricultural services, forestry, and fisheries.

, ..

Mining
Metal mining
Coalmining
Oil and gas extraction
Nonmetallic minerals, except fuels
Construction

,

,

,

1981

1980

1979

., 1

96,322

110,197

124,866

142 729

163,391

189,377

:,. 2

1,255

1,536

1,685

2,039

2,413

2,877

3
4

1030
225

1208
328

1 378
307

1676
363

5

2,415

2,805

3,151

3,790

4,511

5,598

6
7
g
9

179
743
1 121
372

163
798
1394
450

231
867
1577
476

290
904
2036
560

3,052

3,262

3,984

4,777

5,607

6,320

40330

47 201

52415

59949

68,645

79 631

12
13
14
15
16
17
18
19
20
21
22
23

20858
1,289
219
1358
3,694
1741
3934
3,134
3,318
1012
744
415

23621
1,446
231
1403
4,046
1,921
4509
3,479
4102
1188
815
481

26404
1661
283
1687
4575
2241
4717
3,934
4847
1057
915
487

30147
1,944
338
1989
5,077
2592
5407
4488
5449
1188
1077
598

34628

38993

24
25
26
27
28
..... 29
30
31
,
32
33
34

19,472
3,201
323
876
327
1,667
1,168
4,586
6,299
900
125

23,580
3,936
375
977
394
1889
1311
5,307
8204
1056
131

26011
4,261
431
1026
402
2126
1497
5,538
9606
981
143

29802
4,724
500
1 171
432
2128
1800
6,525
11 134
1241
147

34 017

40638

..
,

..

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 miscellaneous plastic products
Leather and leather products

1978

11

,
..

1977

10

Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay and glass products
Primary metal industries
Fabricated metal products
Machinery except electrical
Electric and electronic equipment
Motor vehicles and equipment
Other transportation equipment
Instruments and related products
Miscellaneous manufacturing industries

1976

Transportation and public utilities

35

24186

26 651

29 823

32 859

37358

43,918

Transportation
.
..
Railroad transportation
Local and interurban passenger transit
Trucking and warehousing
Water transportation
Transportation by air
Pipelines except natural gas
Transportation services

36
37
38
39
40
41
42
43

6249
1612
175
1778
481
1614
160
429

6815
1508
175
2119
553
1682
310
468

7871
1940
221
2406
542
1827
397
538

8875
2004
236
2812
783
2026
393
621

10 152

12034

Communication
Telephone and telegraph
Radio and television broadcasting

44
45
46

8792
8490
302

9 850
9465
385

10717
10234
483

11895
11319
576

13708

16217

Electric, gas and sanitary services

15 667

47

9145

9986

11235

12089

13 498

Wholesale trade

48

4,145

4661

5721

6931

7697

8,753

Retail trade

49

6,354

7233

8,406

10,109

11,186

11,826

Finance, insurance, and real estate

50

7,616

8,473

9,866

10,829

12,500

14,475

51
..... 52
53
54
55
56
57
58
59

2722
7
2715
689
88
1013
122
2745
237

3,105
8
3 097
802
121
1,155
177
2887
226

3,704
8
3 696
926
150
1456
196
3188
246

4,268
9
4259
924
209
1613
250
3222
343

60

6,969

8,375

9,815

11,446

13,474

15,979

61
62
63
64
65
66
67
68
69
70
71
72

651
428
1,978
1786
97
333
562
1 134
664
41
65
364

764
462
2,498
2,038
116
393
637
1467
813
53
63
538

879
516
2,839
2542
127
394
740
1778
948
78
79
673

1023
565
3428
3088
157
490
829
1866
1083
100
99
584

Banking
Federal Reserve banks
Credit agencies other than banks
Security commodity brokers and services
Insurance carriers
Insurance agents brokers and services
Real estate
Holding and other investment companies
Services

..

...

Hotels and other lodging places
Personal services
Business services
Auto repair, services, and garages.... .,
• Miscellaneous repair services
Motion pictures
,
Amusement and recreation services ..
Other services
Health services
,
Legal services
Educational
services...
Other 1
1

.
. .

..

......

Consists of social services, membership organizations, and miscellaneous professional services.




SURVEY OF CURRENT BUSINESS

July

99

7. Implicit Price Deflators and Price Indexes
Table 7.1.—Implicit Price Deflators for Gross National Product
[Index numbers, 1972=100]
Seasonally adjusted
Line

1976

1977

1978

1979

1980

1981

1977

1978

I

II

III

IV

I

II

III

IV

Gross national product

1

132.34

140.05

150.42

163.42

178.64

195.51

136.80

139.01

141.03

143.24

145.12

148.89

152.02

155.38

Personal consumption expenditures

2

131.7

139.3

149.1

162.5

179.2

194.5

136.5

138.3

140.3

142.2

144.4

147.7

150.5

153.5

3
4
5

123.9
137.2
129.6

129.2
143.6
139.3

136.4
153.4
150.0

145.0
169.9
162.3

156.3
188.4
178.8

167.5
202.7
196.3

127.9
140.9
135.7

128.3
143.0
137.9

129.4
144.6
140.5

131.0
146.0
143.0

132.7
148.2
145.3

135.2
152.3
148.4

137.7
154.9
151.4

139.7
157.9
154.8

139.2
138.6
149.0
133.9
140.7
141.3
140.7
122.7

149.8
146.3
159.4
141.0
158.0
159.0
157.0
126.7

163.2
157.2
176.4
149.7
178.3
179.8
180.0
132.6

178.5
170.8
200.2
158.8
200.5
202.7
202.7
140.3

193.3
186.1
227.7
169.0
218.5
221.7
218.8
149.2

208.0
201.3
251.5
179.8
233.6
237.1
236.9
159.4

144.8
142.4
154.2
137.6
150.4
151.1
150.9
125.0

148.1
144.7
158.1
139.2
155.9
156.8
156.2
126.2

150.7
147.4
160.1
142.2
158.1
159.1
158.5
127.0

155.3
150.5
165.0
144.8
166.7
168.0
166.7
128.2

157.1
152.7
167.1
147.0
167.8
169.0
168.5
129.5

161.5
155.7
173.4
148.7
175.7
177.1
176.6
131.5

165.1
158.6
179.2
150.5
181.8
183.3
182.8
133.5

168.6
161.3
184.9
152.2
188.0
189.7
189.8
136.0

17
18

155.3
185.6

161.9
205.5

172.6
214.1

192.5
246.1

213.1
289.3

231.8
293.1

160.2
202.8

162.4
204.6

162.2
207.4

162.7
207.0

165.5
209.2

171.5
213.1

173.9
215.3

178.6
218.4

.... 19

136.6

146.3

157.3

170.4

189.2

207.9

142.3

145.2

147.3

150.3

152.6

155.1

158.7

162.5

20
21
22
23

133.5
132.4
135.7
138.3

142.8
141.9
144.6
148.4

153.1
152.7
153.8
159.7

164.8
166.0
162.5
173.7

185.2
187.4
181.0
191.6

207.4
209.0
204.2
208.2

139.2
138.4
140.7
144.1

141.9
140.6
144.4
147.2

143.1
142.1
145.0
149.7

146.9
146.5
147.8
152.4

149.1
148.7
149.9
154.7

150.7
151.0
150.0
157.6

154.4
153.1
156.7
161.2

158.0
157.8
158.3
165.1

Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
,
Nonresidential ..
,
...
Structures
Producers' durable equipment
Residential..
. ..
Nonfarm structures
Farm structures
Producers' durable equpment . ..
. ...
Change in business inventories
Net exports of goods and services
Exports
Imports

..

Government purchases of goods and services .
Federal
National defense
Nondefense
State and local

6
7
8
9
10
11
12
13
14
15

16

Seasonally adjusted

1979

Line

I

II

1980

III

IV

I

II

1981

III

IV

I

II

1982

III

IV

I

II

Gross national product

1

158.60

161.85

165.12

168.05

172.31

176.52

180.60

185.16

190.01

193.17

197.36

201.55

203.68

206.35

Personal consumption expenditures

2

157.0

160.5

164.2

168.1

172.8

177.1

181.2

185.5

189.2

192.6

196.4

199.8

202,2

204.0

3
4
5

142.1
162.7
157.5

144.0
167.8
160.1

145.8
172.4
163.8

148.1
176.6
167.8

151.9
181.9
172.2

154.4
186.2
176.5

158.0
190.5
180,9

161.1
195.1
185.4

163.0
199.3
189.6

166.2
201.7
193.4

169.7
204.2
198.6

171.3
205.6
203.6

173.0
206.8
207.4

174.6
206.9
210.7

172.1
165.0
191.3
154.9
191.9
193.7
192.9
138.0

176.6
168.9
196.1
157.9
198.3
200.4
200.0
139.5

180.8
172.6
203.0
160.1
204.6
207.0
205.2
140.4

184.3
176.5
209.2
162.5
207.6
210.2
208.7
142.7

188.5
181.0
216.9
165.8
212.5
215.2
214.7
145.2

191.5
184.9
224.9
167.9
217.2
220.6
219.1
148.0

195.1
187.9
232.7
169.9
221.8
225.2
221.2
150.8

198.3
190.8
237.2
172.3
223.4
226.4
224.3
153.0

202.3
194.5
241.5
175.1
229.0
232.2
227.3
155.4

207.4
200.7
249.1
179.9
231.7
234.9
233.4
158.3

209.4
203.0
252.7
181.4
235.8
239.4
237.9
161.3

212.9
206.8
261.9
182.5
239.2
243.3
242.7
162.8

213.6
207.6
264.5
181.9
240.5
244.3
243.8
165.7

216.4
210.5
266.9
184.1
241.8
245.6
245.5
168.5

17
18

184.6
226.7

191.0
237.8

194.8
251.0

198.6
267.5

204.2
282.5

209.2
289.8

216.3
290.1

223.5
294.9

229.3
300.7

230.9
298.7

232.6
287.7

234.5
286.1

237.3
286.4

237.0
278.6

. .... 19

165.3

167.8

171.6

177.0

182.4

186.8

190.0

197.7

201.5

205.5

209.5

215.0

217.8

222.1

20
21
22
23

160.8
160.5
161.3
167.9

161.7
162.4
160.3
171.3

164.8
166.5
161.5
175.6

172.0
174.6
166.9
179.9

178.2
180.3
174.1
184.8

182.2
184.6
177.9
189.6

183.3
186.5
176.8
194.0

197.5
198.4
195.7
197.8

201.2
201.7
200.3
201.7

204.0
206.4
198.9
206.3

207.8
207.9
207.4
210.7

216.0
219.5
209.4
214.3

218.3
223.0
209.6
217.5

223.1
227.2
213.7
221.5

Durable goods
Nondurable goods. .
Services

.

Gross private domestic investment
Fixed investment
Nonresidential
Structures .. .,
Producers' durable equipment
Residential
Nonfarm structures
Farm structures
Producers' durable equpment
Change in business inventories
Net exports of goods and services
Exports
Imports
Government purchases of goods and services
Federal
National defense
Nondefense
State and local...

6
7
8
9
10
11
12
13
14
15

16

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




100

SURVEY OF CURRENT BUSINESS

July

Table 7.2.—Fixed-Weighted Price Indexes for Gross National Product, 1972 Weights
[Index Numbers, 1972=100]
Seasonally adjusted
Line

1976

1977

1978

1979

1981

1980

I
1

Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services

..

.

167.8

184.4

202.0

138.8

III

IV

141.1

142.9

145.8

I
147.8

II

III

IV

151.5

154.8

158.8
156.6

2

133.0

141.2

151.6

166.3

184.8

202.1

138.0

140.2

142.1

144.3

146.5

150.2

3
4
5

124.8
138.7
130.5

130.5
145.6
140.7

138.4
156.1
151.9

147.9
174.3
165.1

160.4
195.8
183.0

172.9
212.8
202.1

128.8
142.5
137.1

129.7
145.0
139.3

130.8
146.8
141.7

132.7
148.3
144.6

134.5
150.5
146.8

137.1
155.0
150.2

139,8
157.9
153.3

142.0
161.0
157.4

140.2
139.9
146.7
135.9
140.8

151.8
148.5
156.3
144.0
158.0

167.0
160.9
172.6
154.2
178.4

185.4
177.2
196.0
166.4
200.8

204.1
196.0
219.3
182.6
219.5

220.9
213.5
237.3
199.8
235.0

146.5
144.4
151.6
140.3
150.4

150.1
147.0
155.1
142.4
155.9

152.5
149.5
157.1
145.1
158.1

157.7
152.9
161.3
148.1
166.9

159.6
155.3
163.5
150.5
167.8

164,7
158.9
169.5
152.9
175.7

169.3
162.7
175.4
155.4
181.7

173,8
166.4
181.1
157.9
188.1

14
15

156.9
178.7

164.0
195.0

174.9
210.1

197.2
244.5

218.6
303.7

239.3
319.0

162.1
188.5

164.6
194.5

164.2
197.3

165.1
199.5

168.3
204.1

172.8
208.6

175.8
211.6

181.6
215.9

16

137,3

147.0

158.4

173.2

193.8

212.2

143.2

145.9

147.7

151.3

153.7

156.3

159.4

164.1

17
18
19
20

135.4
135.6
135.0
138.5

145.0
145.5
143.6
148.4

155.4
156.5
152.6
160.4

169.5
171.7
164.0
175.7

192.7
196.5
182.8
194.6

214.7
219.7
201.7
210.6

141.9
142.2
141.2
144.1

143.9
144.3
142.9
147.2

144.7
145.2
143.2
149.8

149.4
150.3
147.2
152.6

151.7
153.1
148.2
155.1

153.6
154.8
150.5
158.1

155.4
156.3
153.2
162.0

160.9
161.8
158.6
166.3

21
22
. ... 23
24
25
26

135.1
133.6
135.0
141.5
165.8
127.5

144.1
142.1
144.1
147.9
180.2
135.6

155.5
153.2
155.5
162.1
191.0
144.9

170.8
167.7'
170.8
178.7
240.6
155.8

189.8
184.3
189.8
193.0
316.1
170.3

207.2
202.0
207.2
208.8
359.6
185.5

140.5
138.8
140.5
144.5
175.3
132.7

143.0
141.0
143.0
146.9
180.3
134.5

145.0
142.8
145.0
149.2
181.8
136.4

148.0
145.7
148.0
151.0
183.6
138.8

150.1
147.8
150.1
154.5
185.2
140.5

153.8
151.5
153.8
161.0
189.1
143.4

157.1
154.7
157.0
164.7
192.1
146.2

161.0
158.7
160.9
168.2
197.4
149.4

27
28
29

133.7
133.8
133.6

142.2
142.1
142.2

153.3
153.5
152.8

167.8
168.7
167.5

184.4
185.6
185.3

202.1
203.4
203.3

138.9
138.7

141.1
141.0

142.9
142.8

145.8
145.5

147.9
147.6

151.6
151.6

154.8
155.0

158.8
159.0

. .

.

6
7
8
9
10
11
12

Fixed investment
Nonresidential
Structures
Producers' durable equipment..
Residential....
Change in business inventories

13

Net exports of goods and services
Exports
Imports

,

Government purchases of* goods and services
...

153.3

142.2

II

153.2

Gross private domestic investment

Federal
National defense
Nondefense
State and local

133.7

1978

1977

...
,

Addenda:
Gross domestic purchases 1
Final sales
Final sales to domestic purchasers *....
Personal consumption expenditures food
Personal consumption expenditures, energy
Other personal consumption expenditures
Gross domestic product
Business
Nonfarm..

Seasonally adjusted

1979

Line

I

1980

1982

1981

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

Gross national product

1

162.1

165.9

169.6

173.5

177.8

182.1

186.3

191.3

195.9

199.9

204.2

208.4

210.8

213.2

Personal consumption expenditures

2

160.0

164.1

168.3

172.7

178.2

182.7

187.0

191.5

196.6

200.2

203,9

207.5

209.9

211.5

155.4
188.9
176.0

158.6
193.7
180.7

162.3
198.0
185.3

165.5
202.7
190.1

167.6
209.2
194.8

171.5
212.1
199.2

175.1
214.0
204.5

177.4
215.9
209.9

179.0
217,2
213.8

181.2
216.2
217.5

229.2
222.0
245.7
208.4
242,7. *

231.3
224.5
248,0
211.1
244.2

245.6
319.1

246.5
315.0

Durable goods
Nondurable goods
Services

..

144.5
165.9
159.8

147.0
171.8
162.8

148.8
177.2
166.8

151.5
182.1
171.2

178.0
170.5
186,9
161.2
192.0

183.1
174.9
192.6
164.8
198.6

188.1
179.2
198.9
167.8
205.0

192.3
184.0
204.8
172.1
208.2

197.1
188.7
211.3
175.7
213.2

202.5
194.2
217.7
180.6
218.4

207.5
199.2
222.6
185.8
223.0

210.2
202.8
226.3
189.3
224.3

215.0
207.1
231.0
193.4
229.9

219.0
211.7
235.0
198.3
233.0

223.2
215.6
239,4
201,9
237.5

226.8
219.3
243.0
* 205.6
241.2

14
• 15

188.2
224.8

195.8
235.3

200.0
250.8

203.8
268.3

210.4
291.0

214.3
300.6

221.2
309.8

229.1
314.6

235.4
322.6

238.4
323.4

241.1
316.3

242.5
314.0

16

167.1

170.2

174.7

181.0

186.6

191.4

195.1

202.1

206.0

210.3

213.6

219.3

222.4

225.7

17
18
19
20

163.1
164.5
159.6
169.7

165.9
167.4
162.0
173.1

170.3
172.5
164.8
177.7

179.1
182.2
171.3
182.2

184.9
188.2
176.4
187.7

189.5
193.7.
178.7
192.7

191.9
196.1
181.4
197.2

203.9
208.2
192.7
200.9

208.1
211.6
199.1
204.6

212.2
217.4
198.8
209.0

214.5
219.6
201.6
212.9

223.9
230.1
207.9
216.1

227,1
,233.4
211.0
219.2

229.9
236.7
212.7
222.8

21
22
.... 23
24
25
26

164.4
162.0
164.3
174.3
205.6
151.6

168.4
165.8
168.4
177.9
228.1
154.1

172.9
169.5
172.8
179.6
255.9
157.0

177.6
173.4
177.6
183.0
272.7
160.5

183.0
177.7
183.0
185.5
301.6
164.7

187.7
182.1
187.7
189.2
317.6
168.3

192.0
186.2
192.0
195.7
320.5
172.1

196.8
191.2
196.7
201.9
324.8
176.2

201.5
195.8
201.5
205.5
351.2
179.7

205.3
199.8
205.4
207.3
360.6
183.4

209.0
204.2
209.0
210.6
360.4
187,6

213.0
208.4
213.0
211.7
366.1
191.6

215.6
210.9
215.6
215.3
361.9
194.3

217.6
213.2
217.7
216.9
348.1
197.3

27
28
29

162.1
162.5

166.0
166.7

169.7
170.6

173,5
174.3

177.9
178.9

182.2
183.4

186,3
187.8

191.3
192.3

195.9
197.1

199.9
201.2

204,2
205.7

208.5
209.4

210.9
211.8

213.3
214.0

.• 3
4
5

..

6

Gross private domestic investment
Fixed investment
..
Nonresidential
Structures
•
Producers' durable equipment...
Residential
.
,
,.

7
8
9
10
11
12

.....

13

Net exports of goods and services
Exports
Imports

•

••
,.

,

Government purchases of goods and services
Federal
National defense
Nondefense
State and local

. ..

Addenda:
Gross domestic purchases 1
Final sales
Final sales to domestic purchasers J ,
Personal consumption expenditures, food
Personal consumption expenditures energy
Other personal consumption expenditures
Gross domestic product
Business
,

•

•

«

..

•

1
Gross domestic purchases equals gross national product less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




101

SURVEY OF CURRENT BUSINESS

July

Table 7.3.—Implicit Price Deflators for Gross National Product by Major Type of Product
[Index numbers, 1972=100]
Seasonally adjusted
Line

1976

1977

1978

1980

1979

1977

1981

1978

I

II

III

IV

I

II

III

IV

1

132.34

140.05

150.42

163.42

178.64

195.51

136.80

139.01

141.03

143.24

145.12

148.89

152.02

155.38

2
3

132.2

139.7

150.3

163.3

178.7

195.3

136.4

138.7

140.6

143.1

145.1

148.6

151.8

155.2

4

131.3

136.1

144.8

157.2

171.0

187.0

133.8

135.5

137.2

138.0

139.6

143.6

146.5

149.2

5
6

131.0

135.3

144.3

156.8

171.2

186.4

132.8

134.7

136.2

137.5

139.5

142.9

145.9

148.6

Durable goods
Final sales
Change in business inventories ..... „....,..

7
8
9

129.1
128.8

134.5
134.1

141.7
140.9

152.3
151.9

165.6
165.9

180.2
179.5

132.7
132.6

133.6
133.1

135.1
134.4

136.4
136.1

138.3
137.4

140.6
139.6

142.4
141.5

145.3
144.6

Nondurable goods
Final sales
..
Change in business inventories

10
11
12

133.0
132.7

137.4
136.3

147.3
147.0

161.3
160.8

175.0
175.2

192.0
191.5

134.5
133.0

136.9
135.9

138.8
137.5

139.3
138.6

140.7
141.0

146.2
145.6

149.8
149.3

152.4
151.9

Services

13

131.0

140,5

150,8

162.5

178.4

196.1

137.0

139.2

141.4

144.2

146.3

149.2

151.9

155.6

Structures

14

144.5

157.7

176.7

200.3

223.4

241.8

151.3

155.9

158.3

164.9

166.7

173.6

179.8

186.2

15
16

133.9
133.8

142.6
142.3

153.1
152.9

166.7
166.6

183.2
183.3

199.3
199.2

139.3
138.9

141.5
141.2

143.6
143.3

146.0
145.8

148.0
148.0

151.5
151.3

154.6
154.4

157.8
157.7

Gross national product
Final sales
Change in business inventories

,
,
.

...

Goods
Final sales
Change in business inventories

,.

Addenda:
Gross domestic purchases J
Final sales to domestic purchasers * , ,

Seasonally adjusted

1979

Line

I

II

1981

1980

III

IV

I

II

III

IV

I

II

1982

in

IV

I

II

Gross national product

1

158.60

161.85

165.12

168.05

172.31

176.52

180.60

185.16

190.01

193.17

197.36

201.55

203.68

206.35

Final sales . . .
Change in business inventories..

2
3

158.5

161.6

164.9

168.0

172.1

176.3

181.0

185.6

189.5

193.1

197.4

201.3

204.0

206.7

4

152.9

156.5

159.0

160.6

164.9

169.3

172.9

176.8

182.6

185.0

188.9

191.5

191.8

193.9

Final sales
Change in business inventories

5
6

152.7

155.7

158.4

160.4

164.3

168.7

173.9

177.8

181.5

184.7

188.8

190.9

192,7

194.9

Durable goods
Final sales..
Change in business inventories

..... 7
8
9

148.3
147.7

151.6
150.8

154.3
153.8

155.0
155.3

159.1
160.4

165.4
164.9

166.7
167.7

171.2
170.7

174.6
173.9

179.7
178.9

183.1
181.8

183.5
183.9

182.0
184.2

185.4
185.7

10
11
12

156.9
156.8

160.5
159.7

162.9
162.1

164.9
164.5

169.4
167.4

172.2
171.6

177.5
178.6

181.1
183.1

188.7
187.3

189.1
189.0

193.2
194.0

197.0
195.8

198.3
198.7

199.9
201.3

Services

13

158.0

160.4

163.6

167.7

171.7

176.0

180.2

185.5

189.5

193.3

198.2

203.5

207.2

210.5

Structures.. ..

14

191.5

197.2

203.8

208.6

215.1

221.7

227.4

230.0

234.6

239.7

243.7

249.7

251.8

253.7

15
16

161.1
161.0

164.8
164.5

168.6
168.3

172.5
172.4

177.4
177.1

181.5
181.2

184.6
185.0

189.4
189.8

194.1
193.6

197.4
197.4

200.9
200.9

205.0
204.8

206.7
207.0

209.0
209.3

Goods

Nondurable goods....
Final sales
Change in business inventories

Addenda:
Gross domestic purchases *
Final sales to domestic purchasers * •

1
Gross domestic purchases equals gross national product less exports plus imports; final sales to domestic purchasers equals final sales less exports plus imports.
NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1.




102

SURVEY OF CURRENT BUSINESS

July

Table 7.4.—Implicit Price Deflators for Gross National Product by Sector
[Index numbers, 1972=100]
Seasonally adjusted
Line

,

,

1977

1978

1979

1980

1977

1981

1978

I

II

III

IV

I

II

III

IV

1

132.34

140.05

150.42

163.42

178.64

195.51

136.80

139.01

141.03

143.24

145.12

148.89

152.02

155.38

2

132.3

140.1

150.4

163.4

178.7

195.5

136.8

139.0

141.0

143.3

145.1

148.9

152.0

155.4

• ., 3
4
5
6
7
8

132.1
131.8
132.9
121.6
142.9
132.1

139.6
139.4
140.5
128.9
146,0
139.6

150.1
149.2
150.5
137.7
180.1
150.1

163.4
162.1
163.8
147.8
209.4
163.4

178.8
178.4
180.5
160.9
191.0
178.8

195.6
195.5
198.0
174.8
197.4
195.6

136.3
136.0
137.1
125.8
146.7
136.3

138.6
138.4
139.5
127.9
145.6
138.6

140.6
140.7
141.9
129.9
139.2
140.6

142.6
142.3
143.5
131.7
152.9
142.6

144.5
144.1
145.3
134.0
156.2
144.5

148.6
147.7
148,9
136,6
181.0
148.6

151.8
150.9
152.3
138.8
184.9
151.8

155.1
153.9
155.3
141.4
199.6
155.1

Gross nations! product
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
,...,,....,
Farm
.
Statistical discrepancy

1976

Households and institutions
Private households ...
Nonprofit institutions

9
10
11

135.9
143.4
135.2

146.0
155.0
145.1

156.7
165.6
155.9

169.7
180.1
168.7

186.6
195.6
185.9

205.5
212.1
205.0

143.4
153.4
142.4

145.0
154.8
144.0

146.7
155.7
145.8

148.8
156.0
148.1

152.4
159.0
151.7

154.7
163.6
153.9

158.2
167.9
157.3

161.3
172.5
160.3

Government
Federal
State and local

12
13
14

133.0
128.5
135.3

142.4
136.5
145.4

151.7
145.6
154.6

161.7
154.6
165.0

175.6
167.5
179.4

192.1
185.7
195.0

139.0
134.2
141.3

141.1
134.6
144.2

142.8
134.7
146.7

146,8
142,3
149.0

148.4
143.1
150.9

149.9
143.7
152.9

152.1
144.6
155.8

156.3
151.1
158.7

15

131,5

139.0

149.0

161.8

176.7

193.6

135.8

138.0

140.0

142.0

143,8

147.6

150.6

153.8

16

133.1

140.5

151.1

164.8

180.4

197.4

Rest of the world
Addendum:
Gross domestic business product less housing

Seasonally adjusted

1979

Line

I
Gross national product
Gross domestic product

.

.

.

II

1981

III

I

IV

1982

II

I

IV

III

II

1

158.60

161.85

165.12

168.05

172.31

176.52

180.60

185.16

190.01

193.17

197,36

201.55

203.68

206.35

2

158.6

161.9

165.2

168.1

172.3

176.6

180.6

185.2

190.0

193.2

197.4

201.6

203.7

206.4

167.9
166.9
168.5
152.8
205.3
167.9

172.4
172.0
173.9
155,7
186.3
172.4

176.7
176.8
179.0
158.8
173,6
176.7

181.0
180.5
182.7
162.5
196.9
181.0

185.1
184.5
186.6
166.4
209.2
185.1

190.2
189.7
192.1
169.6
207.4
190.2

193.3
193.0
195.4
172.7
203.6
193.3

197.6
197.7
200.2
176.5
195.8
197.6

201.4
202.0
204.6
180.4
185.5
201.4

203.3
203.7
206.2
183.5
191.1
203.3

205.9
206.3
208.8
186.0
195.0

158.5
157.0
158.5
143.4
213.5
158.5

162.0
160.6
162.2
145.8
211.0
162.0

9
10
11

164.7
176.0
163.7

167.2
178.5
166.3

170.7
181.4
169.8

175.8
184.3
175.0

179.7
190.5
178.8

184.9
193.4
184.2

188.1
197,0
187.4

193.5
201.6
192.9

198.7
206.2
198.1

203.6
209.7
203.1

207.8
214.2
207.3

211.9
218.4
211.4

216.1
232.7
215.0

219.4
233.5
218.5

12
. 13
14

158.0
151.9
160.9

159.7
152.3
163.2

162.0
152.7
166.4

167.0
161.5
169.5

170.0
162.8
173.4

172.9
163.4
177.3

175.8
163.9
181.4

183.6
179.8
185.3

186.5
181.3
189.0

189.6
182.1
193.0

192.6
182.8
197.2

199.6
196.7
200.9

202.8
198.2
204.9

205.9
198.7
209.3

15

157.1

160.3

163.4

166.2

170.5

174.5

178.5

183.3

188.2

191.3

195.4

199.5

201.8

204.6

.,

Government
Federal
State and local

I

IV

3
4
5
6
7
8

.

Households and institutions...,
Private households . . . .
Nonprofit institutions.... ,

HI

165.3
164.1
165.8
149.1
208.0
165.3

Business
Nonfarm less housing.
Housing
Farm
... . .
Statistical discrepancy

II

1980

Rest of the world
Addendum:
Gross domestic business product less housing

16

NOTE.—Percent changes from preceding period for selected items in this table are shown in table 8.1. ,

Table 7.5.—Implicit Price Deflators for the Relation of Gross National Product, Net National Product, and National Income
[Index numbers, 1972=100]
Seasonally adjusted
Line

1976

1977

1978

1979

1980

1981

1978

1977

I

II

III

IV

I

II

III

IV

1

132.34

140.05

150.42

163.42

178.64

195.51

136.80

139.01

141.03

143.24

145.12

148.89

152.02

155.38

Less: Capital consumption allowances with capital
consumption adjustment.

2

139.9

150,3

163.8

179.0

196.0

212.1

146.0

148.5

151.1

155.5

157.4

161.5

165.9

170.1

Equals* Net national product

3

131.5

139.0

149.0

161.8

176.7

193.6

135.8

138.0

140.0

142.0

143.8

147.6

150.6

153.8

Less: Indirect business tax and nontax liability plus 4
business transfer payments less subsidies plus current surplus of government enterprises.

125.6

128.4

131.6

137.8

151.4

174.7

127.1

128.9

129.8

127.7

130.6

133.3

131.3

131.4

5

132.1

139.6

150.1

163.4

178.8

195.6

136.3

138.6

140.6

142.6

144.5

148.6

151.8

155.1

6

132.2

140.3

151.1

164.6

179.8

195.9

136.9

139.1

141.2

143.7

145.4

149.3

152.9

156.5

Gross national product

Statistical discrepancy
Equals: National income .




.

.

July

103

SURVEY OF CURRENT BUSINESS
Table 7.5.—Implicit Price Deflators for the Relation of Gross National Product, Net National Product, and National Income—Continued
[Index numbers, 1972=100]
Seasonally adjusted

1980

1979

IV

III

1981

III

IV

1982

III

IV

158.60

161.85

165.12

168.05

172.31

176.52

180.60

185.16

190-01

193.17

197.36

201.55

203.68

206.35

Less: Capital consumption allowances with capital
consumption adjustment.

172.9

176.5

181.2

185.1

189.0

194.1

198.7

201.9

205.7

209.9

214.4

218.5

218.9

220.5

Equals: Net national product

157.1

160.3

163.4

166.2

170.5

174,5

178.5

183.3

188.2

191.3

195.4

199,5

201.8

204.6

Less: Indirect business tax and nontax liability plus
business transfer payments less subsidies plus current surplus of government enterprises.

134.6

137.4

138.3

141.0

144.2

149.2

152.5

159.6

170.0

174,6

175.8

178.0

175.6

179.2

158.5

162.0

165.3

167.9

172.4.

176.7

181.0

185.1

190.2

193.3

197.6

201.4

203.3

163.0

166.4

169.2

173.6

177.6

181.8

186.2

190.5

193.3

197.8

202.2

205.1

Gross national product-

Statistical discrepancy
Equals: National income

159.8

,

Table 7.6.—Implicit Price Deflators for Net National Product and National Income by Sector
[Index numbers, 1972=100]

Net national product.....

,

,

..„.....,

Households and institutions
Government

,
,

„

Rest of the world
National income
Domestic income...
Business
Nonfarm
Nonfarm less housing
Housing
Farm

,.

Households and institutions
Government.. ,.

,

..,„..„
,

Rest of the world

1981

1980

149.0

161.8

176.7

193.6

176.7

193.6

2

131.5

139.0

149.0

161.8

3

131.1

138.2

148.3

161.4

176.4

193.3

4
5
6
7
8

130.8
132.2
116.1
142.9
132.1

138.1
139.7
121.9
142.8
139.6

147.5
149.4
127.9
183.6
150.1

160.1
162.6
135.1
217.0
163.4

176.2
179.3
147.1
184.9
178.8

193.4
196.8
160.8
188.2
195.6

9
10

135.9
133.0

146.0
142.4

156.7
151.7

169.7
161.7

186.6
175.6

205.5
192.1

11

131.5

139.0

149.0

161.8

176.7

193.6

12

132.2

140.3

151.1

164.6

179.8

195.9

13

132.3

140.3

151.1

164.7

179.9

196.0

14

131.9

139.7

150.8

164.9

180,2

196.1

15
16
17
18

132,1
133.2
118.1
125.4

140.0
141.1
124.8
129.1

150.3
151.3
136.7
169.2

164.1
165.1
150.1
193.8

180.8
181.8
168.6
160.7

197.0
197.9
185.8
169.9

19
20

135.9
133.0

146.0
142.4

156.7
151.7

169.7
161.7

186.6
175.6

205.5
192.1

21

131.5

139.0

149,0

161.8

22
23

132.4
132.7

139.5
140.5

150.0
151.5

163.6
165.6

Net domestic product

Nonfarm
Nonfarm less housing
Housing ,
Farm
Statistical discrepancy

1979

1978
139.0

131.5

1

Business

1977

1976

Line

193.6

Addenda:
Net domestic business product less housing
Domestic business income less housing

,

196.0
196.3

178.9
180.6

Table 7.7.—Current-Dollar Cost and Profit per Unit of Constant-Dollar Gross Domestic Product of Nonfinancial Corporate Business
[Dollars]
Seasonally adjusted
Line

1976

1977

1978

1979

1980

1977

1981
I

II

1978
III

IV

I

II

III

IV

Current-dollar cost and profit per unit of
constant-dollar gross domestic product V

1.343

1.418

1.508

1.617

1.787

1.966

1.386

1.408

1.4.31

1.445

1.462

1.495

1.524

1.548

Capital consumption allowances with capital consumption adjustment.

0.141

0.145

0.155

0.171

0.200

0.222

0.145

0.144

0.144

0.148

0.152

0.151

0.156

0.159

....

1.203

1.272

1.353

1.447

1.587

1.743

1.241

1.264

1.286

1.296

1.310

1.344

1.368

1.389

Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income.
,.
Compensation of employees
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits tax liability
,
Profits after tax with inventory valuation and
capital consumption adjustments.
Net interest......

0.141

0.141

0.144

0.149

0.173

0.202

0.142

0.140

0.141

0.142

0.145

0.145

0.143

0.144

1.061
0.878
0.144

1.131
0.928
0.163

1.209
0.998
0.168

1.298
1.094
0.154

1.415
1.211
0.143

1.541
1.305
0.165

1.099
0.913
0.147

1.124
0.920
0.164

1.146
0.928
0.176

1.154
0.950
0.162

1.165
0.975
0.148

1.199
0.982
0.173

1.225
1.007
0.174

1.246
1.025
0.176

0.071
0.073

0.075
0.088

0.079
0.089

0.079
0.075

0.075
0.068

0.072
0.093

0.073
0.074

0.076
0.089

0.076
0.100

0.075
0.087

0.068
0.080

0.081
0.093

0.082
0.092

0.085
0.090

0.040

0.040

0.044

0.050

0.061

0.071

0.038

0.039

0.042

0.042

0.043

0.043

0.044

0.045

Net domestic product




,

104

July

SURVEY OF CURRENT BUSINESS

Table 7.7.—Current-Dollar Cost and Profit per Unit of Constant-Dollar Gross Domestic Product of Nonfinancial Corporate Business—Continued
[Dollars]
Seasonally adjusted

1980

1979

Line

1981

1982

I

II

III

IV

I

II

III

IV

I

II

HI

IV

I

1

1.572

1,602

1.634

1.661

1.717

1.770

1.811

1.852

1.906

1.940

1.987

2.030

2.045

Capital consumption allowances with capital con- 2
sumption adjustment.

0.162

0.168

0.173

0.180

0.186

0.200

0.206

0.208

0.211

0.218

0.224

0.236

0.242

3

1.411

1.434

1.461

1.481

1.531

1.570

1.605

1.644

1.695

1.722

1.763

1.795

1.803

4

0.145

0.148

0.150

0.154

0.158

0.169

0.178

0.186

0.196

0.202

0.203

0.208

0.205

5
6
7

1.266
1.053
0.167

1.286
1.079
0.159

1.311
1.107
0.152

1.327
1.136
0.137

1.373
1.168
0.148

1.401
1.208
0.133

1.427
1.224
0.143

1.458
1.245
0.147

1.500
1.267
0.170

1.519
1.289
0.161

1.560
1.315
0.171

1.586
1.349
0.159

1.598
1.376
0.140

8
9

0.082
0.085

0.080
0.079

0.079
0.073

0.075
0.062

0.085
0.063

0.063
* 0.070

0.075
0.068

0.078
0.069

0.081
0.089

0.069
0.091

0.074
0.097

0.063
0.096

0.045
0.095

10.

0.046

0.048

0.052

0.055

0.057

0.060

0.061

0.066

0.062

0.069

0.074

0.078

0.082

Current-dollar cost and profit per unit
of
constant-dollar gross domestic product :.

Net domestic product
Indirect business tax and nontax liability plus business transfer payments less subsidies.
Domestic income
Compensation of employees
Corporate profits with inventory valuation and
capital consumption adjustments.
Profits tax liability
Profits after tax with inventory valuation and
capital consumption adjustments.
Net interest
1

II

Equals the deflator for gross domestic product of nonfinancial corporate business with the decimal point shifted two places to the left.

Table 7.8.—Implicit Price Deflators for Auto Output
[Index numbers, 1972=100]
Seasonally adjusted
Line

1976

1977

1979

1978

1980

1981

1977

I

1978

II

III

IV

I

II

III

IV

1

123.4

128.4

138.0

144.7

154.6

166.8

126.9

126.8

127.5

132.3

135.0

137.1

139.3

140.4

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

2
3
4
5
6
7
8

122.9
129.2
122.3

128.7
136.5
128.6

137.3
147.2
138.4

145.5
158.0
149.3

154.5
169.2
161.1

166.5
186.8
170.9

127.4
135.0
125.9

127.5
135.3
127.1

128.2
136.3
128.7

131.7
139.4
132.7

133.9
142.3
135.1

135.9
144.9
137.1

139.1
149.5
139.7

140.2
151.5
141.7

109.5
122.3

115.4
128.8

127.0
138.6

133.0
149.2

146.2
161.6

142.8
171.4

109.6
125.9

111.5
127.2

116.6
129.0

123.8
133.0

126.6
135.4

127.2
137.3

127.0
139.8

127.1
141.7

122.5
143.1
120.5

128.6
155.0
123.5

137.1
175.2
130.7

147.0
196.5
136.9

159.4
213.5
144.1

172.8
232.1
144.1

126.1
145.7
119.9

128.0
149.9
120.8

129.6
160.0
124.5

131.3
163.0
128.6

133.4
167.7
130.3

137.1
173.8
130.3

138.9
177.6
131.1

138.9
181.1
131.4

Change in business inventories of new and used
autos.

13

122.3
122.4

128.6
128.6

138.4
138.5

149.0
149.4

161.2
161.3

171.3
171.1

125.9
125.9

127.2
127.1

128.8
128.7

132.6
132.8

135.0
135.1

137.2
137.1

•139.7
139.7

141.4
141.6

Auto output

. . ..

9
10
11
12

Addenda:
Domestic output of new autos
Sales of imported new autos 2

l

,

14
15

Seasonally adjusted

I

II

III

IV

I

1982

1981

1980

1979

Line

II

III

IV

I

II

III

IV

I

II

1

142.6

142.5

146.3

148.1

150.1

153.3

154.6

160.0

158.8

165.8

172.7

169.7

171.0

175.1

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....

2
3
4
5
6
7
8

143.4
154.6
145.1

144.6
158.2
148.7

146.6
159.4
151.0

147.9
160.3
152.7

151.8
163.5
156.5

152.2
166.9
160.0

154.5
170.8
163.6

159.4
176.1
165.1

160.2
177.4
165.2

165.8
185.6
170.3

170.1
190,8
173.8

171.3
195.0
175.4

172.2
194.9
175.5

175.5
198.4
177.3

128.8
145.1

132.7
148.6

133.8
151.1

137.9
152.8

142.5
156.7

149.7
160.4

151.7
1641

142.2
165.5

138.4
165.6

147.0
170.8

143.3
174.0

142.6
175.6

140.7
175.8

144.5
177.1

10
11
12

142.9
186.9
133.6

147.3
199.0
136.1

147.3
199.3
138.6

150.1
200.2
139.4

154.0
202.8
142.3

158.1
211.2
144.5

163.4
224.0
147.1

164.2
215.8
142.9

166.0
229.0
141.8

172.9
231.6
144.3

174.9
232.9
146.6

180.2
234.6
143.2

178.8
232.9
143.0

179.2
230.2
144.5

Change in business inventories of new and used
autos.

13

145.2
145.1

148.4
148.7

150.9
151.0

152.7
152.7

156.5
156.5

159.7
160.0

163.7
163.6 .

164.9
165.1

165.4
165.3

170.6
170.4

173.9
173.8

175.7
175.5

175.2
175.6

177.3
177.3

Auto output. . . . •..

.

....

9

Addenda:
Domestic output of new autos 1
Sales of imported new autos 2 .. ..
1
2

14
15

Consists of final sales and change in business inventories of new autos produced in the United States.
Consists of personal consumption expenditures, producers' durable equipment, and government purchases.




105

SURVEY OF CURRENT BUSINESS

July

Table 7.9.—Implicit Price Deflators for Truck Output
[Index numbers, 1972=100]
Seasonally adjusted
Line

1977

1976

1978

1980

1979

1981

I
Truck output

l

Final sales
Personal consumption expenditures ..,....., ,
Producers' durable equipment
......
Net exports
Exports , . .,
,.
... . ,....., , . ,.
Imports
Government purchases of goods and services.....
Change in business inventories

„,.,...„....

1978

1977

II

III

IV

I

II

IV

III

1

131.6

141.4

153.4

169.1

188.7

208.6

137.3

139.8

142.3

145.9

148.4

151.2

155.1

158.1

2
.... 3
4
5
6
7
8

131.7
122.4
136.6

141,2
128.9
148.4

153.4
138.7
162.3

169.1
149.3
177.2

188.6
161.0
196.6

209.4
171.2
221.7

137.5
126.2
143.9

139.5
127.3
146.3

142.0
129.0
149.4

145.7
132.7
153.8

149.0
135.2
157.2

151.4
137.4
160.3

155.3
140.2
164.6

157.7
141.7
166.4

i'86.6
131.3
136.6

148.3
142.2
148.3

162.5
152.1
162.2

177.5
163.7
177.5

195.0
176.4
197.5

219.7
195.5
221,8

144.3
138.7
143.9

146.5
140.3
146.3

149.4
142.0
149.4

153.3
146,5
153.8

157.5
148.0
157.2

160.1
161.1
160.3

164.3
152.9
164.5

167.5
156.0
166.5

9

.

Seasonally adjusted

Truck output *.

.,.,.....,

1981

1982

I

II

m

IV

I

II

III

IV

I

II

III

.„ „,.„ ,.,..„,..,„.., 1

163.8

169,1

171.6

174.2

180.6

186.3

192.7

196.9

202.1

206.4

211.3

2
3
, 4
5
6
7
8

162.8
145.2
171.3

169.5
149.1
177,1

170.8
151.7
177.8

174,7
152.5
183.7

180.6
156.6
188.4

185.5
160,1
192.3

192.7
163.5
201.1

198.0
165.2
207.3

201.9
165.3
212.5

207.9
170.5
219.7

211.2
173.8
224.8

170.9
160.9
171.4

177.4
164.1
177.2

180.3
165.4
177.8

181.4
164.4
183.7

186.1
168.7
188.4

191.2
168.7
192.3

197.4
180.0
201.1

205.2
186.4
207.3

210.6
185.3
212.5

217.6
191.6
219.6

224.2
201.6
224.7

228.9
201.6
231.4

Final sales
...
,..,..„......,„..„
„
Personal consumption expenditures
Producers' durable equipment
Net exports ...
. ,,
Exports
.
Imports
Government purchases of goods and services

I

II

215.3

211.5

210.0

217.8
175.4
231.4

211.7
175.6
2311

211.4
177.3
231.3

231.1
201.9
231.0

231.3
206.5
231.2

IV

9

Change in business inventories
1

1980

1979

Line

Includes new trucks only.

Table 7.10.—Implicit Price Deflators for Total Farm Output, Gross Product, and Income
[Index numbers, 1972=100]
Line

1977

1976

1978

1979

1981

1980

1

151.5

153.4

174.4

201.4

206.7

216.8

2

148,3

146.7

167.9

193.9

197.6

203.8

3

170.6
1305
1958
138.8
1530

169.1
1293
2472
143.0
1612

177.6
1600
2912
169.9
172.4

198.3
190.1
3698
193.1
186.2

209.6
186.3
476.5
192.5
216,8

222.9
186.4
6038
204.9
240.2

.

11
12
13

159.5
156.9
1828

1602
157.8
1812

1696
1669
1951

1946
192,2
2182

2209
219.4
2341

2367
235.2
2497

....

14

142.9

146.0

180.1

209.4

191.0

197.4

Less: Capital consumption allowances with capital consumption 15
adjustment.
Indirect business tax and nontax liability,.
,..
16
Plus: Subsidies to operators
.,
„.
...„„.. 17

142.9

156,0

169.8

187.2

208.1

226.6

1326

133.2

134.9

141.0

153.5

144.0

18

125.4

129.1

160.2

193.8

1607

1699

Farm Output....

,

„

........

,

,

.,,.,.„

Cash receipts from farm marketings and net Commodity Credit
Corporation loans.
Crops
Livestock...
,.
„..,„. ,„,.,,,..„.,
Gross rental value of farm housing
.
.
.
Farm products consumed on farms,,...,....,
,
Other farm income
. ...
Change in farm inventories , ,...„
.,
.,...,,
Crops .,,..,,,.
Livestock,....,....,
,.„.„„.,-„....„...,....,
..„.„„. „,....,
Less* Intermediate goods and services purchased
Intermediate goods and services, other than rent..
Rent paid to nonoperator landlords..
.
Equals: Gross farm product .

Equals: Income... ,,..,.....,




.

.„.„...„.

,

...„.

4
5
6
7
8
9
10

106

SURVEY OF CURRENT BUSINESS

July

Table 7.11.—Implicit Price Deflators for Personal Consumption Expenditures by Major Type of Product
[Index numbers, 1972=100]
Seasonally adjusted
Line

1976

1977

1978

1979

1980

1981

I
Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household ep.uipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal
Other
Services
Housing
Household operation.
Electriciy and gas
Other
Transportation
Other.....

.

1978

1977

II

III

IV

I

II

III

IV

1

131.7

139.3

149.1

162.5

179.2

194.5

136.5

138.3

140.3

142.2

144.4

147.7

150.5

153.5

2

123.9

129.2

136.4

145.0

156.3

167.5

127.9

128.3

129.4

131.0

132.7

135.2

137.7

139.7

3
4
5

126.6
120.9
123.6

133.6
124.1
128.5

143.0
129.0
135.2

154.2
135.4
145.1

166.8
143.6
165.2

181.8
151.7
175.6

132.0
123.0
127.2

132.2
123.7
127.7

133.7
124.5
128.8

136.3
125.3
129.9

138.6
126.0
132.1

141.3
128.1
134.2

145.0
129.7
136.0

146.9
131.9
138.3

6

137.2

143.6

153.4

169.9

188.4

202.7

140.9

143.0

144.6

146.0

148.2

152.3

154.9

157.9

7
8
9
10
11
12

140.5
117.9
164.3
136.8
212.0
131.2

146.4
122.5
173.7
145.3
239.9
138.6

160.6
125.5
181.3
153.7
252.7
146.7

177.0
129.2
243.2
168.4
340.2
156.4

190.8
134.3
338.7
187.5
470.6
170.7

206.9
138.5
376.7
203.8
571.6
185.4

143.3
121.0
169.4
142.6
231.7
136.1

145.5
121.8
175.4
144.2
239.4
137.7

147.5
123.3
174.8
146.0
242.5
139.3

149.4
123.8
175.3
148.3
246.2
141.4

153.0
123.4
175.6
150.6
248.5
143.2

159.4
125.7
178.3
152.2
250.2
145.2

163.2
125.8
182.7
154.5
251.2
147.9

166.7
126.8
188.4
157.5
261.0
150.3

13

129.6

139.3

150.0

162.3

178.8

196.3

135.7

137.9

140.5

143.0

145.3

148.4

151.4

154.8

14
15
16
.. 17
18
19

123.4
137.7
155.1
125.8
125.5
133.1

131.6
147.2
170.8
130.9
141.8
142.8

141.2
155.9
184.8
136.5
150.5
155.6

152.5
165.2
203.8
140.5
160.8
170.3

166.7
181.6
238.1
146.1
184.5
187.5

181.6
203.2
270.9
160.1
201.9
205.8

128.4
144.8
166.5
129.2
136.3
138.9

130.5
145.4
168.2
130.2
141.1
141.2

132.5
148.5
172.6
131.5
144.1
143.9

134.9
150.1
175.9
132.6
145.6
147.0

137.2
152.5
179.0
134.0
148.2
149.2

139.8
155.2
185.0
135.4
149.7
153.3

142.3
157.0
186.3
137.6
150.6
157.5

145.3
158.8
189.1
138.8
153.7
162.1

Seasonally adjusted
Line

Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household "•|uipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Other nondurable goods
Fuel oil and coal.....
Other
Services
Housing
Household operation
Electriciy and gas
Other
Transportation
Other.




1979

1980

1982

1981

I

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

1

157.0

160.5

164.2

168.1

172.8

177.1

181.2

185.5

189.2

192.6

196.4

199.8

202.2

204.0

.. 2

142.1

144.0

145.8

148.1

151.9

154.4

158.0

161.1

163.0

166.2

169.7

171.3

173.0

174.6

3
4
5

150.2
133.6
140.4

153.7
134.6
143.0

155.6
135.6
146.1

157.6
137.8
150.9

161.5
140.2
157.5

164.6
142.5
163.6

168.5
144.9
167.9

172.9
146.7
171.7

174.3
148.7
173.0

180.6
150.9
174.4

185.2
152.9
176.0

188.0
154.4
179.0

188.0
155.7
181.2

190.9
157.0
180.6

6

162.7

167.8

172.4

176.6

181.9

186.2

190.5

195.1

199.3

201.7

204.2

205.6

206.8

206.9

7
8
9
10
11
12

172.6
127.4
198.3
161.2
274.4
153.0

176.1
128.9
229.7
165.3
310.9
155.0

177.8
129.6
265.0
171.2
372.6
157.2

181.2
130.7
284.3
175.5
409.8
160.5

183.2
132.8
326.3
181.0
449.0
164.6

186.8
133.5
344.2
185.7
469.0
169.0

193.5
134.7
340.6
190.0
477.4
172.7

199.6
136.4
343.3
193.3
488.6
176.5

203.3
136.9
374.1
198.6
555.2
180.0

205.2
138.0
381.2
202.6
577.1
183.9

208.9
139.5
373.1
205.5
574.6
187.0

210.1
139.7
378.5
208.5
580.7
190.7

213.4
140.2
363.9
210.7
568.5
194.6

215.5
141.1
335.2
214.3
541.8
198.7

13

157.5

160.1

163.8

167.8

172.2

176.5

180.9

185.4

189.6

193.4

198.6

203.6

207.4

210.7

14
15
16
17
18
19

147.6
161.0
193.5
139.0
152.7
165.9

150.2
163.0
199.5
139.5
158.1
168.3

153.8
166.5
207.9
140.9
163.5
171.6

158.1
170.2
214.6
142.3
168.7
175.3

161.1
173.5
222.7
143.7
175.7
180.9

164.4
178.3
235.0
143.2
181.8
185.6

168.4
185.2
243.2
147.6
187.8
189.2

172.7
189.1
250.2
149.7
193.0
193.9

176.0
193.4
257.2
153.4
197.5
198.8

179.4
198.9
265.2
157.1
199.2
202.8

183.4
207.3
277.7
162.4
204.0
208.0

187.8
212.6
282.9
167.5
207.3
213.7

191.1
219.1
293.4
170.3
209.7
217.2

194.0
223.2
302.0
173.4
213.7
220.6

107

SURVEY OF CURRENT BUSINESS

July

Table 7.12.—Implicit Price Deflators for Personal Consumption Expenditures by Type of Product
[Index numbers, 1972=100]
Line
Personal consumption expenditures

1976

1977

1980

1979

1978

1981

1

131.7

139.3

149.1

162.5

179.2

194.5

2

123.9

129.2

136.4

145.0

156.3

167.5

3
4
5
6
7

126.6
122.3
158.0
122.4
120.2

133.6
128.6
172.1
128.7
126.8

143.0
138.4
184.9
138.4
132.4

154.2
149.3
193.6
149.1
145.0

166.8
161.1
199.8
161.1
162.4

181.8
170.9
250.6
171.2
172.3

Furniture and household equipment
Furniture, including matresses and bedsprings (29)
Kitchen and other household appliances (30)
China, glassware, tableware, and utensils (31).
Radio and television receivers, and musical instruments (87)
Other durable house furnishings (32)

8
9
10
11
12
13

120.9
125.7
123.4
148.3
107.1
122.9

124.1
130.4
127.8
154.5
106.9
127.5

129.0
137.2
134.4
163.8
108.4
132.7

135.4
146.3
141.7
177.3
111.0
140.2

143.6
158.6
148.8
195.7
113.3
153.3

151.7
168.9
157.4
215.3
115.6
166.9

Other....
Ophthalmic products and orthopedic appliances (46)
Wheel goods, durable toys, sports equipment, boats, and pleasure aircraft (86).....
Jewelry and watches (18)
.
Books and maps (83)....
.

14
15
16
17
18

123.6
127.2
124.5
121.2
123.0

128.5
134.5
128.3
123.0
134.4

135.2
141.3
132.7
129.5
148.1

145.1
149.1
140.8
141.5
160.7

165.2
162.6
153.9
176.9
177.3

175.6
173.6
162.8
183.7
196.8

Durable goods.....

.

Motor vehicles and parts
New autos (65)
Net purchases of used autos (66)
Other motor vehicles (67)
Tires, tubes, accessories, and other parts (68)

.
'..

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 (56).
Addenda: Food excluding alcoholic beverages (8)
Alcoholic beverages purchased for off-prem ise consumption (9)
Other alcoholic beverages (10)
Clothing and shoes
Shoes and other footwear (12)
Women's and children's clothing and accessories (14)
Men's and boys' clothing and accessories (1516)

19

137.2

143.6

153.4

169.9

188.4

202.7

20
21
22
23

140.5
141.4
137.9
140.3

146.4
146.2
146.8
149.2

160.6
161.1
158.8
166.5

177.0
177.3
175.6
185.9

190.8
190.1
191.9
200.4

206.9
205.9
209.1
217.0

24
25
26

143.4
122.8
125.1

149.6
126.2
131.1

164.9
133.4
140.7

182.4
143.7
152.4

196.6
155.5
163.5

213.3
166.0
177.7

27
28
29
30

117.9
120.0
115.7
121.1

122.5
125.6
119.5
126.8

125.5
131.2
121.9
129.6

129.2
141.5
124.2
132.7

134.3
152.4
127.2
139.5

138.5
160.4
129.3
147.0

Gasoline and oil (70)...;.,

31

164.3

173.7

181.3

243.2

338.7

376.7

Fuel oil and coal (40)

32

212.0

239.9

252.7

340.2

470.6

571.6

Other....
33
Tobacco products (7)
34
Toilet articles and preparations (21)
35
Semidurable house furnishings (33).
36
Cleaning and polishing preparations, and miscellaneous household supplies and 37
paper products (34).
Drug preparations and sundries (45)
38
Nondurable toys and sports supplies (85)
39
Stationery and writing supplies (35)
40
Net foreign remittances (105 less 107)
41
Other (8489)
42

131.2
120.4
135.6
130.4
164.7

138.6
126.2
143.3
137.1
177.7

146.7
133.0
151.1
145.5
190.1

156.4
141.0
161.5
157.0
205.3

170.7
152.1
176.2
170.5
229.2

185.4
164.3
194.4
181.7
252.3

119.3
117.9
145.8
175.8
132.6

127.0
121.4
154.4
179.9
140.7

135.9
126.2
158.8
'211.J
148.9

145.7
131.3
168.5
224.1
160.3

159.1
140.4
180.5
251.2
178.7

176.5
147.8
194.4
259.8
197.3

Services

43

129.6

139.3

150.0

162.3

178.8

196.3

Housing
Owner-occupied nonfarm dwellings space rent (24)....
Tenant-occupied nonfarm dwellings—rent (25)
Rental value of farm dwellings (26)
Other (27)

44
45
46
47
48

123.4
121.6
121.6
195.7
127.3

131.6
128.8
128.8
247.2
136.6

141.2
137.7
137.7
291.2
153.2

152.5
147.8
147.8
369.8
173.7

166.7
160.9
160.9
476.5
195.4

181.6
174.8
174.8
603.8
216.2

Household operation..
Electricity (37)
Gas (38)
Water and other sanitary services (39)
Telephone and telegraph (41)
Domestic service (42)
Other (43)....

49
50
51
52
53
54
55

137.7
150.6
164.8
135.9
114.3
143.6
141.0

147.2
160.7
195.6
150.5
115.6
155.0
147.7

155.9
172.6
214.9
167.4
117.0
165.6
158.6

165.2
185.9
249.2
175.1
116.6
180.1
171.2

181.6
215.4
297.8
186.9
118.7
195.6
183.7

203.2
247.7
337.6
209.3
130.3
212.1
205.1

56
57
58
59
60
61
62
63
64
65

125.5
124.1
122.7
115.5
130.0
133.8
134.1
140.7
132.9
134.1

141.8
143.5
129.3
119.8
139.3
142.8
146.4
159.5
141.0
141.9

150.5
153.1
134.9
122.0
148.6
149.7
158.2
171.9
147.5
146.2

160.8
163.2
143.6
127.3
161.1
161.5
172.5
186.2
159.2
156.2

184.5
179.7
167.0
145.8
188.2
216.5
204.4
212.5
219.4
195.2

201.9
188.6
196.2
184.2
208.2
269.3
241.9
242.1
276.6
242.7

Other
66
Personal care
67
Cleaning, storage, and repair of clothing and shoes (17)
68
Barbershops, beauty parlors, baths, and health clubs (22)
69
Other (19)
70
Medical care
71
Physicians (47)
72
Dentists (48)
.
73
Other professional services (49)
74
Privately controlled hospitals and sanitariums (50)
75
Health insurance (51)
76
Personal business.....
,
77
Brokerage charges and investment counselling (56)
78
Bank service charges, trust services, and safe deposit box rentals (57)
79
Services furnished without payment by financial intermediaries except life insur- 80
ance carriers (58).
Other (59606162)
81
Recreation
82
Admissions to spectator amusements (90)
83
Other (8894959697)
84
Private education and research
85
Higher education (99)
86
Elementary and secondary schools (100)
87
Other (101)
88
Religious and welfare activities (102)
89
Net foreign travel (104 less 106)
90

133.1
139.6
135.2
146.6
129.6
132.5
140.6
130.2
140.7
139.5
82.1
132.4
145.2
118.6
131.9

142.8
151.7
144.1
162.9
136.8
144.8
153.6
139.9
153.8
150.7
98.9
140.2
164.4
123.7
137.4

155.6
166.6
158.1
180.0
147.3
157.9
166.2
149.7
165.8
164.2
117.2
156.8
171.8
132.0
162.0

170.3
183.2
177.9
194.6
161.6
173.2
181.6
162.3
176.9
181.4
126.0
172.7
192.0
143.0
180.9

187.5
203.5
202.3
211.1
183.3
193.0
200.8
181.6
196.9
203.9
136.1
186.6
209.1
162.2
187.0

205.8
222.6
225.1
227.4
202.8
217.5
222.9
198.9
215.4
230.4
163.5
200.0
234.6
189.3
188.6

133.1
122.4
124.0
122.1
140.2
131.7
150.1
142.9
142.1

142.3
127.6
129.0
127.2
149.1
140.3
159.1
152.7
150.2

150.1

167.5

153.7
134.2
136.6
133.6
161.0
150.4
173.7
164.3
161.3
163.1

167.3
142.6
147.6
141.4
177.4
163.7
193.7
182.0
176.5
181.6

186.7
152.7
156.1
151.9
197.9
179.7
217.1
206.9
199.5
199.9

206.9
162.0
163.5
161.7
217.2
197.1
237.6
228.6
217.8
198.6

Transportation
.
User-operated transportation (697172)
Purchased local transportation
Transit systems (74)
Other (7576)
Purchased intercity transportation
Railway (excluding commutation) (78)
Bus (79)..
....
Airline (80)
Other (81)

.

.

NOTE.—The figures in parentheses are the line numbers of the corresponding items in table 2.4




108

July

SURVEY OF CURRENT BUSINESS
Table 7.13.-r-Implicit Price Deflators for Personal Consumption Expenditures by Major Type of Product
[Index numbers, 1972=100]
Nondurable goods

Durable goods
Personal
consumption
expenditures

Year and month

Total

Motor
vehicles
and parts

Furniture and
household
equip^
ment

Other

Total

Food

Clothing
and
shoes

Services

Gasoline
and oil

Other

Total

Housing

Household
operation

Transportation

Other

1976
1977
1978
1979

131.7
139.3
149.1
162.5

123.9
129.2
136.4
145.0

126.6
133.6
143.0
154.2

120.9
124.1
129.0
135.4

123.6
128.5
135.2
145.1

137.2
143.6
153.4
169.9

140.5
146.4
160.6
177.0

117.9
122.5
125.5
129.2

164.3
173.7
181.3
243.2

136.8
145.3
153.7
168.4

129.6
139.3
150.0
162.3

123.4
131.6
141.2
152.5

137.7
147.2
155.9
165.2

125.5
141.8
150.5
160.8

133.1
142.8
155.6
170.3

1980
1981

179.2
194.5

156.3
167.5

166.8
181.8

143.6
151.7

165.2
175.6

188.4
202.7

190.8
206.9

134.3
138.5

338.7
376.7

187.5
203.8

178.8
196.3

166.7
181.6

181.6
203.2

184.5
201.9

187.5
205.8

June
July
August
September
October
November
December

135.8
136.7
137.1
137.7
138.2
139.1
139.6
140.4
140.8
141.4
142.3
142.9

127.7
127.7
128.1
127.8
128.2
128.8
129.0
129.5
129.7
130.1
131.0
131.8

131.7
131.8
132.5
131.6
132.1
133.0
133.2
133.7
134.2
135.1
136.4
137.5

122.9
122.9
123.1
123.4
123.6
124.0
124.3
124.7
124.6
124.8
125.2
125.7

127.3
127.2
127.1
127.0
128.0
128.1
128.5
128.8
129.1
129.1
129.8
130.8

140.0
141.2
141.6
142.3
142.9
143.7
144.1
144.8
144.8
145.1
146.2
146.6

141.9
143.6
144.2
145.0
145.2
146.1
146.7
147.8
148.0
148.5
149.8
150.0

120.5
121.3
121.3
121.1
121.7
122.5
123.5
123.5
122.9
123.2
124.0
124.2

166.8
170.1
171.3
174.1
175.2
177.0
175.2
175.1
174.0
174.3
175.9
175.7

142.6
142.6
142.5
143.2
144.3
145.1
145.3
145.8
146.9
147.6
148.2
149.2

134.8
135.9
136.5
137.1
137.8
138.8
139.4
140.5
141.4
142.1
142.9
143.8

127.5
128.5
129.1
129.9
130.4
131.1
131.7
132.5
133.3
134.0
134.9
135.7

144.6
144.9
144.8
145.0
144.9
146.4
147.6
148.7
149.1
150.1
149.6
150.6

135.0
136.1
137.9
138.8
141.6
142.9
142.7
144.3
145.5
144.8
145.5
146.6

137.8
139.1
139.9
140.5
141.1
142.0
142.7
143.9
145.0
145.8
147.0
148.0

1978
January
February
March
April
May
June
July
August
September
October
....
November
December

143.7
144.4
145.2
146.2
147.8
148.9
149.5
150.4
151.6
152.7
153.7
154.2

132.1
132.5
133.4
134.2
135.2
136.2
136.9
138.1
138.1
138.9
139.7
140.3

137.8
138.5
139.5
139.9
141.3
142.7
144.1
145.4
145.5
145.8
147.0
147.8

125.8
125.9
126.4
127.5
128.1
128.7
129.0
129.8
130.4
131.4
131.9
132.4

131.6
131.9
132.8
133.7
134.2
134.9
135.4
136.0
136.5
137.5
138.4
138.9

147.6
148.1
149.0
150.8
152.4
153.6
154.3
154.9
155.6
157.0
158.0
158.7

151.4
153.0
154.5
157.1
159.5
161.7
162.5
163.2
163.9
165.7
166.6
167.6

124.4
122.7
123.2
124.8
126.0
126.2
125.7
125.8
126.0
126.7
126.9
126.8

175.1
175.8
175.7
176.9
177.5
180.4
180.8
183.2
184.0
185.5
188.9
190.9

150.0
150.7
151.3
151.9
152.5
152.3
153.9
154.2
155.4
156.4
157.6
158.3

144.3
145.4
146.1
146.8
148.7
149.7
150.1
151.1
152.9
154.0
155.0
155.5

136.5
137.2
138.0
138.8
139.9
140.7
141.3
142.2
143.3
144.3
145.3
146.3

150.8
152.8
153.7
154.2
155.1
156.3
156.8
156.8
157.5
158.3
158.3
159.7

147.5
148.4
148.6
149.5
149.5
150.0
150.2
150.3
151.2
154.0
153.9
153.2

148.3
149.2
150.0
150.7
153.9
155.2
155.5
157.0
159.9
161.0
162.7
162.6

1979
January
February . . .
March
April
May
June
July
August
September
October
November
December

155.8
157.1
158.0
159.3
160.5
161.8
162.9
164.1
165.5
167.0
168.0
169.3

141.2
142.0
143.0
143.7
144.2
144.1
145.4
145.5
146.5
146.9
148.1
149.3

149.0
150.1
151.7
153.0
153.7
154.3
155.6
155.1
156.1
156.4
157.6
158.8

133.0
133.6
134.0
134.5
134.7
134.6
135.2
135.6
136.0
136.8
137.9
138.7

139.2
140.6
141.3
142.3
142.9
143.6
144.7
146.0
147.6
149.5
151.0
152.1

160.9
163.0
164.3
166.1
167.8
169.6
170.9
172.4
173.9
175.3
176.6
177.9

170.6
173.1
174.3
175.1
176.3
176.9
177.6
177.4
178.4
180.0
181.0
182.5

126.9
127.2
128.2
128.5
129.2
129.0
129.2
129.5
130.3
130.4
130.5
131.3

193.0
197.5
204.4
217.5
228.1
244.2
254.9
266.1
273.5
278.6
284.3
290.0

159.8
161.6
162.3
163.7
165.3
167.0
169.2
171.6
172.9
173.7
176.1
176.8

156.7
157.6
158.2
159.0
160.1
161.3
162.4
163.7
165.1
166.9
167.6
168.9

147.0
147.8
148.1
148.8
150.4
151.3
152.4
153.9
155.2
157.4
158.1
158.8

160.1
161.5
161.3
162.0
162.9
164.3
165.2
166.6
167.7
168.2
170.1
172.3

152.4
152.1
153.5
156.3
157.7
160.2
161.8
163.2
165.4
168.6
167.6
170.0

164.7
166.0
166.9
167.4
168.1
169.3
170.4
171.5
172.9
174.5
175.0
176.4

170.8
172.8
174.7
175.9
177.1
178.4
179.5
181.3
182.9
184.2
185.6
186.8

150.8
151.8
153.3
153.5
154.2
155.5
156.5
158.0
159.5
160.4
161.2
161.8

160.3
161.4
163.1
164.2
164.8
164.9
166.1
168.6
170.9
171.5
173.2
174.2

139.3
140.1
141.2
141.6142.5
143.4
144.1
144.8
145.8
146.4
146.7
147.0

154.4
157.5
160.9
161.7
162.9
166.2
165.8
168.0
169.7
170.4
172.2
172.6

179.8
181.7
184.1
185.2
186.0
187.3
188.4
190.5
192.5
193.8
195.1
196.4

182.7
182.6
184.2
185.6
187.0
187.9
190.1
193.8
196.7
198.1
199.9
201.0

132.4
132.5
133.4
133.6
133.4
133.5
134.1
134.4
135.5
136.3
136.6
136.2

308.1
329.9
341.9
344.8
343.7
344.3
341.8
341.5
338.6
340.4
343.5
345.9

178.0
181.2
183.7
183.7
185.6
188.0
188.5
190.3
191.3
191.9
192.8
195.2

170.4
172.5
173.8
175.1
176.5
178.0
179.6
181.0
182.3
184.0
185.5
186.8

160.0
161.3
162.2
162.6
164.3
166.2
167.1
168.1
169.8
-171.6
172.7
173.8

170.9
173.0
176.5
177.8
178.8
178.3
183.8
185.5
186.3
187.1
189.2
191.1

173.4
175.7
178.1
180.0
181.7
183.8
185.2
188.4
189.8
191.9
192.3
194.8

178.8
181.5
182.4
184.2
185.5
187.1
188.0
189.3
190.3
192.2
194.3
195.1

188.1
189.1
190.5
191.5
192.8
193.5
195.2
196.2
197.8
198.8
199.9
200.5

162.6
162.9
163.6
165.1
166.5
167.2
168.6
169.5
170.9
170.7
171.2
171.8

174.6
173.6
174.5
178.3
181.1
182.4
183.9
184.1
187.7
187.5
187.5
189.0

147.7
149.0
149.4
150.3
150.9
151.5
152.6
152.8
153.4
153.9
154.4
154.8

173.2
172.8
173.0
173.8
174.4
174.9
175.3
176.0
176.7
178.4
179.1
179.5

197.8
199.2
200.9
201.3
201.8
202.0
203.3
204.0
205.3
205.5
205.7
205.7

202.1
203.3
204.5
204.9
205.0
205.7
207.7
209.0
210.1
210.1
210.0
210.1

136.1
136.9
137.6
138.0
138.0
138.0
138.8
139.7
140.1
139.9
139.5
139.8

355.9
379.4
388.5
385.3
380.9
377.6
373.5
373.0
372.9
376.8
379.7
379.0

198.5
197.5
199.9
201.2
203.0
203.6
204.8
205.1
206.5
207,6
208.5
209.4

188.3
189.6
191.0
191.9
193.6
194.8
196.9
198.7
200.3
201.9
203.9
204.9

175.0
175.9
177.0
178.1
179.6
180.4
181.4
183.6
185.1
186.6
187.7
189.0

192.9
193.2
194.2
195.8
199.4
201.4
206.1
207.4
208.6
210.7
212.4
214.6

196.9
198.0
197.5
197.7
199.4
200.4
203.3
203.8
205.0
206.7
207.6
207.7

196.8
198.6
201.0
201.5
202.8
204.0
206.2
208.0
209.9
211.4
214.6
215.0

202.2
202.1
202.3
203.0
203.9
205.1

173.4
172.7
173.0
173.4
174.8
175.5

189.3
186.6
188.1
189.3
190.4
193.4

155.4
155.8
155.8
156.2
157.1
157.8

181.0
181.9
180.7
180.2
180.4
181.1

207.5
206.8
206.2
205.9
206.7
208.0

212.7
214.2
213.5
214.4
216.2
215.9

139.5
140.0
141.0
141.0
140.7
141.5

374.2
365.8
351.5
327.8
331.0
347.2

211.1
210.3
210.8
213.8
213.9
215.2

206.8
207.4
208.1
209.6
210.9
211.7

190.3
191.1
192.1
192.6
194.1
195.3

219.8
218.6
219.1
222.8
223.5
223.5

208.4
210.0
210.6
212.5
213.8
214.7

216.4
217.3
218.1
219.4
220.7
221.6

1977
January
February
March
April

May

1980
January
February
March
April
May
June
July
August
September
October
November
December

....

....

1981
January
February
March
April
May
June
July
August
September........
October
....
November
...
December
...
1982
January
February
March . .
April

May
June




July

109

SURVEY OF CURRENT BUSINESS
Table 7.14B.—Implicit Price Deflators for Government Purchases of Goods and Services by Type
[Index numbers, 1972=100]
Seasonally adjusted
Line

1976

1977

1979

1978

1980

1981

1978

1977

I

II

III

IV

I

II

III

IV

1

136.6

146.3

157.3

170.4

189.2

207.9

142.3

145.2

147.3

150.3

152.6

155.1

158.7

162.5

Federal. .
National defense
Durable goods
Nondurable goods
Services
Compensation of employees
Military
Civilian
Other services
Structures

2
3
4
5
6
7
8
9
10
11

133.5
132.4
124.2
205.8
131.1
126.9
123.7
131.7
141.0
144.3

142.8
141.9
135.4
225.6
139.9
134.0
129.2
141.1
154.2
150.5

153.1
152.7
148.2
243.4
149.5
143.1
138.1
150.4
165.0
160.9

164.8
166.0
164.3
298.1
159.9
152.2
147.4
159.0
177.1
183.5

185.2
187.4
183.5
437.2
175.7
165.3
161.0
171.4
197.0
203.8

207.4
209.0
203.5
486.9
196.5
185.3
184.8
186.0
217.9
221.5

139.2
138.4
131.6
209.9
137.2
131.8
127.2
138.8
150.6
148.1

141.9
140.6
135.6
220.8
138.3
132.0
127.1
139.5
153.6
149.5

143.1
142.1
136.3
238.2
138.9
132.1
127.2
139.6
154.9
152.3

146.9
146.5
138.2
232.9
145.1
139.9
135.4
146.7
157.4
152.9

149.1
148.7
143.5
230.8
146.6
140.5
135.5
147.9
161.3
156.0

150.7
151.0
146.2
244.3
147.8
141.2
136.3
148.4
163.8
158.2

154.4
153.1
148.7
246.6
149.1
142.1
137.1
149.3
165.9
161.6

158.0
157.8
154.2
250.5
154.6
148.5
143.3
155.9
168.8
167.5

Nondefense
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures

12
13
14
15
16
17
18

135.7
127.6

144.6
125.7

153.8
131.8

162.5
126.5

181.0
174.2

204.2
194.0

140.7
127.1

144.4
132.1

145.0
116.9

147.8
125.3

149.9
133.2

150.0
131.5

156.7
126.8

158.3
134.9

132.7
131.8
134.4
145.1

142.2
141.2
143.9
152.9

151.6
150.4
153.4
166.2

161.6
159.1
165.3
186.0

176.6
171.5
183.9
208.3

193.3
186.5
203.4
222.6

139.6
138.8
141.0
148.9

140.9
139.6
143.2
151.6

141.6
139.6
144.9
153.9

146.6
146.9
146.2
156.9

147.9
147.8
148.1
159.6

149.8
148.4
151.9
163.5

151.5
149.3
155.2
168.2

157.0
156.1
158.4
173.0

19
20
21
22
23
24
25

138.3
136.3
157.4
135.9
135.3
137.9
143.5

148.4
143.6
167.6
146.4
145.4
149.5
151.9

159.7
154.2
177.0
156.5
154.6
162.2
171.6

173.7
167.1
202.2
168.0
165.0
177.3
197.5

191.6
183.0
238.6
183.8
179.4
197.7
220.8

208.2
200.5
265.3
201.0
195.0
219.5
230.3

144.1
140.5
163.7
142.1
141.3
144.5
147.0

147.2
142.5
167.4
145.2
144.2
148.0
150.5

149.7
144.5
168.8
147.8
146.7
151.0
153.3

152.4
146.9
170.5
150.3
149.0
154.3
157.4

154.7
149.8
172.4
152.3
150.9
156.7
161.2

157.6
152.6
175.1
154.7
152.9
160.2
167.0

161.2
155.7
177.6
157.7
155.8
163.7
174.8

165.1
158.4
182.8
161.0
158.7
167.9
182.7

Government purchases of goods and services

State and local
Durable goods . .
Nondurable goods
Services
Compensation of employees
Other services
Structures

Seasonally adjusted
* '

1979

Line

I
Government purchases of goods and services
Federal
National defense
Durable goods
Nondurable goods
Services
Compensation of employees . . . . . . . .
Military
Civilian
Other services
Structures
Nondefense
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures
State and local
Durable goods
Nondurable goods
Services
Compensation of employees
Other services
Structures . .




....

1980

1982

1981

II

III

IV

I

II

III

IV

I

II

III

IV

I

II

1

165.3

167.8

171.6

177.0

182.4

186.8

190.0

197.7

201.5

205.5

209.5

215.0

217.8

222.1

2
3
4
5
6
7
8
9
10
11

160.8
160.5
158.4
261.1
156.1
149.3
144.1
156.7
171.4
173.0

161.7
162.4
161.5
262.3
157.5
149.8
144.9
156.8
174.6
180.3

164.8
166.5
166.1
304.3
159.2
150.3
145.6
157.1
179.2
187.4

172.0
174.6
170.4
363.6
166.7
159.3
155.0
165.5
183.4
192.1

178.2
180.3
176.2
426.2
169.2
160.3
155.4
167.4
187.7
200.0

182.2
184.6
183.6
428.6
172.1
160.8
155.7
168.0
194.4
203.2

183.3
186.5
184.6
433.0
173.8
161.4
156.2
168.7
199.5
204.2

197.5
198.4
189.9
460.2
187.6
178.7
176.6
181.7
206.7
207.6

201.2
201.7
194.0
459.9
190.4
180'.2
178.1
183.2
211.1
213.8

204.0
206.4
201.1
495.9
192.4
180.9
178.7
184.0
215.6
219.5

207.8
207.9
205.6
488.8
194.9
181.5
179.3
184.7
220.3
224.2

216.0
219.5
212.6
503.0
207.5
198.5
203.1
192.0
223.4
227.5

218.3
223.0
216.4
479.5
210.8
199.6
203.5
194.0
232.7
231.4

223.1
227.2
225.7
498.8
211.9
200.1
203.8
194.8
234.8
232.7

12
13
14
15
16
17
18

161.3
143.4

160.3
142.8

161.5
146.5

166.9
8.9

174.1
168.3

177.9
173.3

176.8
176.7

195.7
179.7

200.3
188.2

198.9
190.0

207.4
196.7

209.4
202.9

209.6
206.3

213.7
210.1

157.9
156.8
159.6
177.9

159.3
156.9
162.8
183.1

161.3
157.1
167.0
188.8

168.0
165.5
171.4
194.5

171.2
167.4
176.4
200.9

173.3
168.1
180.8
206.4

176.0
168.7
186.1
211.1

186.3
181.9
192.6
214.7

i'89.8
183.4
199.0
217.8

191.0
184.4
200.7
221.0

193.3
185.3
205.1
224.5

199.5
193.1
209.0
227.8

202.6
195.3
213.4
230.5

204.1
196.0
216.3
232.8

19
20
21
22
23
24
25

167.9
162.4
188.3
163.4
160.9
171.2
188.4

171.3
165.8
195.9
165.9
163.2
174.5
194.3

175.6
168.5
207.3
169.5
166.4
179.0
200.3

179.9
171.6
218.2
173.1
169.5
184.1
206.1

184.8
176.4
227.9
177.3
173.4
189.4
213.9

189.6
180.8
236.8
181.8
177.3
195.6
219.8

194.0
185.3
242.4
186.1
181.4
200.8
224.3

197.8
189.6
247.2
190.2
185.3
205.1
225.4

201.7
194.5
257.7
193.8
189.0
208.8
227.8

206.3
199.0
266.1
198.8
193.0
216.5
229.8

210.7
202.6
267.7
203.7
197.2
223.9
231.7

214.3
206.0
269.5
207.7
200.9
229.0
232.3

217.5
206.5
270.5
211.6
204.9
232.3
233.6

221.5
209.6
271.0
216.2
209.3
237.6
235.2

110

SURVEY OF CURRENT BUSINESS

July

Table 7.15.—-Implicit Price Deflators for National Defense Purchases
[Index numbers, 1972=100]
Line
National defense purchases ..

Nondurable goods

,

. ..
..

141.9

152.7

166.0

187.4

209.0

135.4

148.2

164.3

183.5

203.5

., ... , , 3
4
5
6
„ .. ... 7
8
9
10

124.1
117.6
113.4
149.5
149.3
118.5
126.7
124.4

135.7
130.3
115.4
167.4
148.3
130.8
136.0
134.3

148.9
149.6
127.2
177.2
157,5
140.1
142.1
145.9

165.6
167.0
155.7
190.7
172.0
150.9
153.4
159.7

184.9
187.7
177.6
209.2
193.9
165.6
169.7
178.0

205.3
209.5
206.1
223.5
231.7
176.0
186.5
197.6

.

11

205.8

225.6

243.4

298.1

437.2

486.9

,

12
13
14
15

300.3
154,0
131.8
140.9

339.3
162.0
140.7
153.3

364.1
176.9
146.5
165.0

502.4
196.6
155.7
181.7

857.8
217.3
164.3
201.6

983.5
238.6
176.4
219.3

16

131.1

139.9

149.5

159.9

175.7

196.5

17
18
19
20
21
22
23
24
25
26

126.9
123.7
131.7
141.0
138.9
127.9
147.6
104.9
142.0
147.0

134.0
129.2
141.1
154.2
151.7
141.2
157.0
115.9
159.6
161.8

143.1
138.1
150.4
165.0
161.1
146.5
162.9
119.5
171.1
176.5

152.2
147.4
159.0
177.1
175.7
153.4
186.1
120.4
178.4
185.5

165.3
161.0
171.4
197.0
195.0
191.1
223.7
122.9
187.3
203.7

185.3
184.8
186.0
217.9
221.2
236.4
236.4
149.5
206.7
218.0

27

144.3

150.5

160.9

183.5

203.8

221.5

28
29

144.9
143.2

150.3
150.9

159.6
163.4

183.4
183.6

201.4
209.6

218.2
228.3

.,

Structures

.,

,

Compensation of employees ,
.-.
Military
..
Civilian
Other services ...
.
.
....
Contractual research and development
Travel
Transportation
.
Communications
Depot maintenance
Other..
...
.

.....
.....
..

,

•

.....

Military facilities
Other

1981

1980

124.2

..

Services....

1979

132.4

... ...

Bulk petroleum products
Ammunition
Clothing and textiles
Other nondurable goods

1978

1

,

....

1977

2

.....

Durable goods..,.. ...
Military equipment...
,
Aircraft
Missiles
Ships
,
Vehicles
Electronic equipment
Other
, . ..........
Other durable goods

1976

.. ,

Table 7.16.—Implicit Price Deflators for Exports and Imports of Goods and Services
[Index numbers, 1972=100]
Seasonally adjusted
Line

1976

1977

1978

1979

1980

1981

1977

I
Exports of goods and services
Merchandise
Durable goods..
Nondurable goods
Services
Factor income
Other

...... .
.

,.
,....,...,..

Imports of goods and services
Merchandise
Durable goods...
Nondurable goods

..

Factor income . . ...
Other
.

...

,.

...

,

,

1978

II

III

IV

I

II

III

IV

1

155.3

161.9

172.6

192.5

213,1

231.8

160.2

162.4

162.2

162.7

165.5

171.5

173.9

178.6

2
3
4

169.1
160.1
183.7

176.1
169.0
187.3

187.3
180.9
197.1

213.7
203.9
229.1

236.4
229.7
246.6

258.3
259,5
256.6

175.0
165.8
189.6

177,4
166.8
194.5

176.0
170.5
184.3

176.0
173.0
180.7

180.1
174.3
189.1

185.6
179.3
194.9

187.8
180.7
198.9

194.5
188.2
204.4

5
6
7

133.2
131.5
135.1

140.4
139.0
141.9

151.2
149.2
153.7

164.0
162.1
167.4

180.3
176.4
187.4

197.3
193.7
203.8

137,6
135.8
139.5

139.5
138.0
141.0

141.2
140.0
142.6

143.1
142.0
144.3

145.7
143.8
148.0

149.5
147.6
151.7

152.7
150.6
155.5

156.1
153.8
159.3

8

185.6

205.5

214.1

246.1

289.3

293.1

202.8

204.6

207.4

207.0

209.2

213.1

215.3

218.4

9
10
11

201.8
160.1
258.3

223.6
172.3
297.2

231.4
191.7
293.1

272.2
210.1
370.9

327.7
229.2
506.1

329.0
238.4
501.9

222.2
165.6
297.5

223.1
169.8
298.1

225.5
175.7
298.0

223.7
177.5
295.2

225.0
182.3
292,5

230.2
190.5
291.3

233.0
195.6
290.3

237.0
198.0
298.0

12
13
14

143.2
131.4
148.2

154.1
139.1
159.8

166.4
149.4
174.7

183.3
162.2
199.1

205.4
176.6
232.4

217.1
193.6
241.7

148.8
135.8
153.2

152.4
138.0
157.7

155.8
140.0
162.1

159.1
142.0
166.4

162.5
143,8
170.1

164.7
147.6
173.2

167.7
150.6
176.2

170.0
153.8
179.2

Seasonally adjusted

1979

Line

I

II

m

IV

1

184.6

191.0

194.8

198.6

2
3
,..,.,,,. 4

202.5
194.3
216.0

212.5
204.4
225.2

217.5
207.2
233.4

.•

5
6
7

159.2
157.1
162.5

162,3
160.3
165.7

165.3
163.4
168.9

,.,....,

8

226.7

237.8

251.0

267.5

9
10
11

247.5
205.8
310.9

261.2
209.5
341.5

278.5
207.5
395.8

300.8
217.1
436.7

12
.......... 13
14

174.9
157.1
186.0

180.2
160.3
194.0

185.6
163.4
203.0

191.2
166.2
214.0

198.2
170.5
226.0

Exports of goods and services
Merchandise
Durable goods
Nondurable goods
Services
.. .
Factor income
Other

..

Imports of goods and services
Merchandise ... . ,
Durable goods,
Nondurable goods
Services
Factor income
Other




.....

,
..

1980

,

,.,
.
. ...
.,
,

1982

1981

II

III

IV

I

II

III

IV

I

II

204.2

209.2

216.3

223.5

229.3

230.9

232.6

234.5

237.3

237.0

221.2
209.1
239.6

227.5
217.9
243.1

231.5
225.9
240.0

239.1
233.8
246.8

248.1
242.2
256.7

255.6
250.2
263.1

257.3
256.4
258.5

260.2
264.7
254.0

260.2
267.8
250.7

263.6
274.0
251.4

262.1
276.6
245.4

168.4
166.2
172.6

172.8
170.5
177.5

177.7
174.5
183.5

183.2
178.5
191.0

188.4
183.3
197.5

192.6
188.2
200.5

195.4
191.3
203.0

198.8
195.4
205.0

202.1
199.5
206.6

204.7
201.8
209.5

207.4
204.6
212.5

282.5

289.8

290.1

294.9

300.7

298.7

287.7

286.1

286.4

278.6

321.5
224.0
494.2

329.1
225.3
513.5

325.4
231.1
502.2

334.9
236.6
514.8

342.8
238.9
534.0

339.5
240.3
530.5

321.4
238.4
482.3

314.3
236.4
464.6

318.1
242.9
473.0

307.3
249.2
424.4

203.0
174.5
230.3

209.7
178.5
234.6

211.2
183.2
238.5

214.6
188.2
240.5

215.5
191.2
241.5

217.2
195.4
242.0

221.3
199.5
242.5

222.5
201,8
245.0

224.2
204.6
247.5

I

111

SURVEY OF CURRENT BUSINESS

July

Table 7.17.—Implicit Price Deflators for Merchandise Exports and Imports by Type of Product and by End-Use Category
[Index numbers, 1972=100]
Seasonally adjusted
Line

1976

1977

1978

1979

1980

1981

1977
I

1978

II

III

IV

I

II

III

IV

1

169.1

176.1

187.3

213.7

236.4

258.3

175.0

177.4

176.0

176.0

180.1

185.6

187.8

194.5

2
3
4
5
6
7
8
9
10
11
12
13

189.6
190.6
190.6
190.6
157.0
153.6
142.3
143.5
141.1
169.0
169.0
169.1

188.7
198.5
198.5
198.5
165.0
168.6
146.4
145.6
147.1
176.1
176.1
176.1

198.9
207.7
207.7
207.7
175.0
183.9
161.5
167.3
156.2
187.1
187.1
187.1

222.6
251.8
251.9
251.7
189.1
215.8
187.5
203.4
174.6
213.1
213.1
213.0

235.0
282.9
282.9
282.8
212.4
249.6
195.9
228.2
169.1
235.7
235.7
235.7

246.9
293.2
293.2
293.2
248.4
286.4
200.7
244.1
173.1
258.3
258.3
258.3

196.5
196.0
196.0
196.0
161.1
164.6
147.9
148.7
147.1
174.7
174.7
174.7

205.6
198.4
198.5
198.4
161.9
166.0
148.6
146.1
150.9
177.4
177.2
177.5

179.2
200.4
200.5
200.4
166.9
170.9
145.6
142.7
148.1
175.8
175.8
175.8

174.6
199.2
199.1
199.2
170.4
173.3
143.7
145.1
142.5
176.1
176.2
175.9

189.4
199.9
199.9
199.9
170.3
173.2
156.4
159.3
153.6
180.1
180.3
180.0

200.1
201.5
201.6
201.5
175.8
180.3
157.0
159.3
154.8
185.6
185.5
185.8

204.1
206.2
206.2
206.2
173.1
190.7
162.5
170.4
155.4
187.5
187.5
187.5

200.7
221.3
221.3
221.3
180.3
191.0
169.3
179.6
160.5
194.6
194.6
194.6

14

201.8

223.6

231.4

272.2

327.7

329.0

222.2

223.1

225.5

223.7

225.0

230.2

233.0

237.0

Foods, feeds, and beverages...
15
Industrial supplies and materials, excluding petro- 16
leum.
Durable goods
17
Nondurable goods
18
Petroleum and products
19
Capital goods, except autos.
,
.
20
Autos
21
Consumer goods
22
Durable goods
23
Nondurable goods
24
Other
25
Durable goods
.
26
Nondurable goods
27

166.7
176.0

204.0
192.0

205.5
205.8

228.3
245.2

270.1
293.1

259.3
296.8

194.6
188.3

216.8
191.5

205,4
192.9

199.2
195.0

207.4
198.7

206.6
203.4

203.5
208.3

204.8
213.2

176.3
175.6
459.9
144.9
162.0
169.1
152.3
196.5
165.1
165.0
165.1

192.4
191.4
497.1
155.8
176.5
174.8
158.3
210.0
181.0
180.9
181.0

206.4
205.0
498.1
170.4
210.9
192.6
175.2
227.4
196.9
196.9
196.9

245.9
244.0
703.4
178.6
231.8
203.7
186.4
237.2
216.8
216.9
216.7

293.0
293.3
1,155.4
197.5
248.5
219.7
195.1
275.2
243.5
243.4
243.6

296.9
296.7
1,297.1
191.9
288.0
231.3
208.3
279.3
249.2
249.2
249.2

188.6
187.9
488.3
149.0
170.4
165.3
149.9
199.8
176.1
175.8
176.4

191.8
191.1
499.5
150.5
171.1
174.5
159.1
205.2
180.7
180.7
180.7

193.3
192.3
499.5
165.8
179.4
175.8
157.2
214.9
183.9
183.9
183.9

195.5
194.1
502.6
157.6
184.2
183.5
166.8
219.8
182.5
182.5
182.5

198.8
198.6
499.8
157.9
195.6
187.9
172.2
219.5
189.4
189.4
189.4

203.9
202.7
495.5
175.4
206.7
190.5
170.5
230.5
196.7
197.0
196.4

209.1
207.2
495.6
177.6
216.4
191.4
176.5
220.3
199.3
199.0
199.5

214.1
211.8
501.3
170.5
224.9
200.3
181.3
239.4
202.9
202.9
202.9

185.9
165.2
165.7

188.7
173.2
181.1

195.8
185.1
197.5

222.4
211.6
218.0

234.3
236.9
243.5

246.3
261.3
249.8

194.9
170.2
174.4

203.6
171.6
180.7

181.1
174.8
183.9

176.0
176.0
184.7

186.9
178.3
189.7

194.7
183.1
196.8

198.6
186.1
199.8

202.3
192.7
203.4

Merchandise exports
Foods, feeds, and beverages
Industrial supplies and materials
Durable goods
Nondurable goods
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods

,

Merchandise imports

Addenda:
Exports of agricultural products *
Exports of nonagricultural products
Imports of nonpetroleum products

28
29
30

Seasonally adjusted

1979

Line

1981

1980

III

IV

III

1982

III

IV

IV

Merchandise exports..

202.5

212.5

217.5

221.2

227.5

231.5

239.1

248.1

255.6

257.3

260.2

260.2

263.6

262.1

Foods, feeds, and beverages
Industrial supplies and materialsDurable goods
Nondurable goods
Capital goods, except autos
Autos
Consumer goods
Durable goods
Nondurable goods
Other
Durable goods
Nondurable goods

211.8
233.7
233.7
233.7
181.4
207.4
181.1
193.4
170.8
202.4
202.4
202.4

216.5
248.7
248.8
248.7
190.9
216.5
186.8
200.1
176.0
212.2
212.2
212.2

230.7
252.9
252.9
252.9
193.6
217.3
189.1
206.8
174.9
217.7
217.7
217.7

229.1
269.5
269.5
269.5
190.2
222.6
192.5
212.5
176.3
221.1
221.3
221.0

228.7
285.1
285.2
285.1
196.0
234.5
193.0
219.2
163.8
227.6
227.6
227.6

221.6
282.8
282.8
282.8
207.4
242.0
187.7
226.8
159.5
231.4
231.4
231.4

234.1
280.5
280.5
280.5
218.2
256.4
201.1
232.3
176.9
238.9
238.9
238.9

255.4
283.1
283.1
283.1
228.0
267.2
202.5
238.8
176.4
248.1
248.1
248.1

263.1
292.6
292.5
292.6
237.6
270.5
199.2
237.5
173.5
255.8
255.8
255.8

256.2
293.4
293.5
293.4
244.5
281.6
197.5
242.9
169.2
257.3
257.3
257.3

239.1
294.2
294.2
294.2
254.3
294.3
202.1
248.4
172.5
260.0
260.0
260.0

228.0
292.6
292.5
292.6
258.6
303.4
204.2
248.3
177.4
260.0
260.0
260.0

228.6
291.0
291.0
291.0
266.6
308.7
205.6
249.8
179.8
263.4
263.4
263.4

223.5
288.6
288.5
288.6
269.6
316.2
200.4
246.7
173.8
262.2
262.4
262.1

Merchandise imports..

247.5

261.2

278.5

300.8

321.5

329.1

325.4

334.9

342.8

339.5

321.4

314.3

318.1

307.3

216.1
225.9

219.3
237.7

230.8
247.7

247.2
270.0

260.4
286.4

266.8
293.4

276.0
297.0

277.3
296.7

277.1
297.5

268.2
299.7

254.4
296.4

238.2
293.5

243.4
296.1

238.8
292.1

226.7
224.5
527.1
177.1
237.6
199.8
184.0
228.9
210.2
210.2
210.2

238.5
236.5
613.3
179.8
230.7
204.9
187.7
237.1
215.7
216.0
215.3

248.3
246.8
788.3
174.7
226.1
204.5
186.0
240.7
216.0
216.0
216.0

271.5
267.7
893.2
182.7
233.5
205.6
187.7
242.2
227.1
227.1
227.1

286.5
286.2
1,059.9
191.0
239.3
213.9
189.6
270.5
237.4
236.8
238.0

293.9
292.8
1,163.3
198.9
235.0
215.1
190.8
271.1
240.2
240.5
240.0

297.4
296.5
1,191.9
199.1
252.3
225.7
197.9
288.2
246.7
246.7
246.7

295.5
298.3
1,231.1
201.0
267.4
224.3
202.3
271.3
250.2
250.2
250.2

296.6
298.8
1,319.6
201.0
277.4
233.9
205.2
302.4
254.3
254.3
254.3

300.0
299.3
1,348.8
193.7
282.7
232.1
208.4
282.2
252.0
252.0
252.0

297.0
295.7
1,267.9
189.3
288.2
231.0
210.5
271.4
248.4
248.2
248.6

293.7
293.2
1,246.8
185.4
303.3
228.8
209.1
266.9
244,8
244.9
244.6

296.6
295.5
1,248.2
195.5
311.0
237.4
209.0
303.2
252.5
252.5
252.5

292.5
291.5
1,179.2
202.6
307.8
244.0
217.5
296.8
256.1
256.1
256.1

212.0
200.5
210.9

216.4
211.6
215.8

229.7
214.6
216.9

229.0
219.2
227.9

226.9
237.6

220.7
234.1
240.2

234.0
240.3
246.6

253.5
246.8
249.8

261.8
254.0
253.9

254.3
258.0
252.3

265.2
248.6

229.1
268.5
245.0

227.8
273.7
253.0

221.6
274.1
256.1

Foods, feeds, and beverages
Industrial supplies and materials, excluding petroleum.
Durable goods
Nondurable goods....
Petroleum and products
Capital goods, except autos
Autos
Consumer goods
Durable goods
,
Nondurable goods
Oth<
Durable goods
,
Nondurable goods...,
Addenda:
Exports of agricultural products J
Exports of nonagricultural products
Imports of nonpetroleum products
1

Includes parts of line 2 and line 5.




,

112

July

SURVEY OF CURRENT BUSINESS
Table 7.18.—Implicit Price Deflators for Gross Private Domestic Investment, Capital Consumption Allowances with Capital Consumption
Adjustment, and Net Private Domestic Investment by Major Type of Investment
[Index numbers, 1972=100]
Line

Gross private domestic investment

1976

1977

1978

1979

1980

1981

1

Less: Capital consumption allowances 2
with capital consumption adjustment.

139.9

150.3

163.8

179.0

196.0

212.1

4
Fixed investment . .
Less: Capital consumption allowances 5
with capital consumption adjustment.
6
Equals' Net fixed investment

139.2
139.9

149.8
150.3

163.2
163.8

178 5
179.0

193 3
196.0

208.0
212.1

137.5

149.0

162.2

1776

1870

197.4

7
Nonresidential
Less: Capital consumption allow- 8
ances with capital consumption
adjustment.
9
Equals: Net nonresidential

138.6
139.8

146.3
148.7

157.2
160.7

170.8
174.5

186.1
191.3

201.3
207.9

Equals' Net private domestic investment

3

133.8

139.6

149.6

163.0

172.2

182.7

Structures
10
Less: Capital consumption allow- 11
ances with capital consumption
adjustment.
12
Equals: Net structures

149.0
148.3

159.4
156.7

176.4
175.4

200.2
198.0

227.7
222.2

251.5
242.7

151.2

168.2

178.7

204.4

240.0

269.4

Producers' durable equipment
13
Less: Capital consumption allow- 14
ances with capital consumption
adjustment.
Equals: Net producers' durable 15
equipment.

133.9
136.2

141.0
145.3

149.7
154.6

158.8
165.2

169.0
179.5

179.8
194.9

123.8

129.5

139.1

145.1

138.1

130.6

Residential
16
Less: Capital consumption allow- 17
ances with capital consumption
adjustment.
Equals' Net residential
18

140.7
140.2

158.0
156.9

178.3
176.6

200.5
197.8

218.5
216.1

233.6
230.6

141.2

158.8

179.7

202.9

2223

239.0

Nonfarm structures
19
Less: Capital consumption allow- 20
ances with capital consumption
adjustment.
Equals: Net nonfarm structures
21

141.3
141.1

159.0
158.5

179.8
179.1

202.7
201.1

221.7
220.1

237.1
235.0

141.5

159.3

180.3

203.9

223.9

240.5

22
Farm structures
Less: Capital consumption allow- 23
ances with capital consumption
adjustment.
Equals* Net farm structures
24

140.7
141.4

157.0
158.8

180.0
179.1

202.7
201.5

218.8
220.5

236.9
235.4

145.1

128.1

206.3

189.9

238.0

212.1

Producers' durable equipment
25
Less: Capital consumption allow- 26
ances with capital consumption
adjustment.
Equals: Net producers' durable 27
equipment.

122.7
121.9

126.7
126.6

132.6
132.7

140.3
140.3

149.2
149.4

159.4
159.5

125.3

127.0

132.4

140.2

148.6

158.8

Change in business inventories




28

113

SURVEY OF CURRENT BUSINESS

July

Table 7.19.—Implicit Price Deflators for Purchases of Structures by Type
[Index numbers, 1972=100]
Line
Purchases of structures
Private
Nonresidential

New
Nonresidential buildings, excluding farm.
Industrial
Commercial .
Religious, educational, hospital
and institutional, and other \
Public utilities
Railroads
Telephone and telegraph
Electric light and power
Gas
Petroleum pipelines
Farm
Mining exploration, shafts, and
wells.
Petroleum and natural gas
Other
Other 2
Brokers' commissions on sale of
structures.
Net purchases of used structures

1976

1977

1978

1980

1979

1981

1

144.5

157.7

176.7

200.3

223.3

2

1447

159.1

1783

201 5

2248

244 9

3

149.0

159.4

176.4

200 2

227 7

251 5

4
5

1490
139.1

159.4
147.5

176.4
163.3

2002
187.4

227 7
210.2

251 6
222.1

6
7
8

1391
1391
139.2

1475
1475
147.5

163 8
1632
163.0

1870
187 5
188.1

2102
2102
210.4

2222
222 0
222.1

9
10
11
12
13
14
15
.16

155.0
1483
142.5
1572
1630
163.0
1392
183.5

162.7
155 8
149.3
1679
1670
166.9
1476
210.1

173.1
1740
157.0
1784
1860
186.1
1627
252.9

191 1
1975
174.0
1965
2010
2010
1869
294.9

210.0
2251
193.1
214 9
221 0
2210
2104
338.7

233.6
2340
229.4
2340
2409
240.8
222.2
394.0

17
18
19
20

1908
139.2
1483
139.1

2196
147.5
1560
147.1

2649
163.6
1727
163.1

3084
187.1
1978
186.9

3529
2107
224 0
210.2

4130
222.3
2340
221.6

166.7

187.4

211.5

225.2

237.1
2368
2368
2393
198.4
2400
239.0
2369
239.4

2417

21

144.2

152.2

22

1413

158.9

179.8

202.7

221.6

New
Nonfarm
. .
Structures
Mobile homes
Additions
and alterations
Other 3
Farm
Brokers' commissions on sale of
structures.
Net purchases of used structures

23
24
25
26
27
28
29
30

1413
1413
1416
1365
1414
1402
1407
141.6

1589
158.9
1595
147.7
1594
1579
157 0
159.4

1797
1797
1807
1597
1810
1818
1799
180.9

2025
202 5
2042
1743
2042
2000
202 8
204.1

2214
2214
223 3
189.6
2237
223.1
2188
223.7

31

141.7

159.3

179.8

204.5

225.6

242.5

Government structures and new construction force-account compensation.
New
Buildings, excluding military
Residential . .
Industrial, educational,
hospital
and other 4.
Highways and streets
Military facilities
Conservation and development
Sewer and water systems
Sewer systems
Water supply facilities
Other 5
Net purchases of used structures

32

143.7

152.0

170.2

195.1

217.9

228.7

33
34
35
36

1437
136 7
1427
136.2

1519
1462
157 4
145.2

170 1
161 1
1786
159.5

195 0
1828
201 8
180.9

2178
204 6
222 9
202.6

228 6
219 4
2412
216.8

37
38
39
40
41
42
43
44

1463
144 9
148.7
1498
148 1
1555
1488
1425

1514
1503
157.5
1588
157 6
1624
1559
1578

1814
1596
167.6
1747
1728
179 7
1739
1770

2190
183 4
184.0
195 1
194 2
1976
199 1
1993

251 2
2014
204.2
2119
210 4
2153
2251
2217

245.4
2182
222.8
226 5
223 8
2321
2344
2372

Residential

1
Consists of hotels and motels, buildings used primarily for social and receational 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 dormitories, fraternity and sorority houses, nurses' homes, etc.
4
Consists
of general office buildings, police and fire stations, courthouses, auditoriums, garages, passenger terminals, etc.
5
Consists of electric and gas facilities, transit systems, airfields, etc.

Table 7.20.—Implicit Price Deflators for Private Purchases of Producers' Durable Equipment by Type
[Index numbers, 1972=100]
Line

1976

1977

1978

1980

1979

1981

1

133.6

140.8

1494

158 5

168 6

1794

2

133.9

141.0

149.7

158.8

169.0

179.8

Furniture and fixtures
Fabricated metal products
Engines and turbines
Tractors

3
4
5
6

1403
145.0
151.1
152.0

1499
152.9
165.7
167.5

1662
161.8
176.0
181.7

1817
175.9
188.9
1978

1954
188.0
206.6
2233

2128
199.3
238.1
2477

Agricultural machinery, except tractors
Construction machinery, except tractors
Mining and oilfield machinery
Metalworking machinery

7
8
9
10

148.6
155.2
169.5
142.5

160.6
166.7
190.3
155.5

174.3
182.0
2067
1672

191.6
196.4
2297
187 6

213.7
222 6
2616
2113

235.3
246.8
304 3
2350

Special industry machinery n e e
General industrial, including materials handling, equipment
Office computing and accounting machinery
.
Service industry machinery

11
12
13
14

153.7
149.9
102.6
135.3

163.2
159.7
102.4
140.8

178.3
170.9
102.5
148.5

199.6
185.7
101.7
159.4

2208
205.8
102.8
178.0

247.7
227.4
101.7
194.1

15
Electrical and communication equipment
Electrical transmission, distribution, and industrial apparatus.... 16
17
Communication equipment
18
Electrical equipment n e e
..
.

133.4
145.4
126.2
142.0

137.0
151.5
126.6
155.9

140.3
160.5
127.2
168.5

144.7
170.7
129.7
186.8

149.4
185.1
131.5
208.5

163.6
205.1
144.8
229.9

19
20
21
22
23
24
25

136.6
109.5
138.8
143.1
167.5
122.4
134.3

148.4
115.4
152.2
153.5
180.9
126.0
140.4

162.3
127.0
163.6
1676
194.8
131.9
148.9

177.2
133.0
182.2
1845
212.8
1387
162.2

196.6
146.2
204.3
2069
238.2
1479
180.6

221.8
142.8
227.5
2257
263.5
1561
198.4

26

187.1

177.5

204.7

271.4

271.4

258.0

27

122.7

126.7

132.6

140.3

149.2

159.4

Private purchases of producers' durable equipment
Nonresidential

Trucks buses and truck trailers
Autos
Aircraft
Ships and boats
Railroad equipment
Instruments
Other

.

Less* Sale of equipment scrap excluding autos
Residential
n.e.c. Not elsewhere classified.
378-127 0 - 8 2 - 8




Table 7.21.—Implicit Price Deflators for Inventories and Final Sales of Business
[Index numbers, 1972=100]
Seasonally adjusted

I
1

II

1979

1978

1977

Line

III

IV

I

II

III

IV

I

II

1981

1980

III

IV

I

II

III

IV

I

1982

II

III

IV

I

II

I

157.6

158.0

159.1

162.2

166.7

170.9

174.2

179.1

185.9

191.6

197.6

205.2

211.1

215.4

222.6

229.1

233.4

235.0

235.1

236.6

235.6

237.2

Farm

2

152.6

145.0

139.8

146.8

162.8

172.0

173.6

181.3

195.3

195.0

190.6

189.6

183.5

191.2

206.5

211.3

208.4

207.5

192.1

189.3

195.3

201.4

Nonfarm
Durable goods 2
Nondurable goods 2. . ....

3
4
5

158.4
152.4
167.3

160.0
155.0
167.3

162.0
157.9
167.9

164.4
160.1
170.7

167.3
163.4
173.0

170.8
167.2
176.0

174.3
170.8
179.5

178.8
175.0
184.5

184.6
180.3
191.1

191.1
184.7
201.1

198.6
190.1
211.7

207.4
197.7
222.7

215.1
203.0
233.8

218.8
205.0
240.0

224.9
210.2
247.2

231.6
215.8
256.0

236.8
218.7
264.6

238.8
222.1
264.8

241.1
226.1
264.3

243,3
228.6
265.9

241.4
227.7
262.0

242.4
229.0
262.8

Manufacturing
Durable goods
Nondurable goods

6
7
8

160.9
155.3
171.8

163.0
158.5
171.6

164.9
161.2
171.9

167.6
163.5
175.3

170.5
166.5
178.2

173.5
169.8
180.9

177.2
173.4
184.5

181.9
178.0
189.7

188.0
184.1
196.1

194.8
188.7
207.4

202.2
194.4
218.4

211.5
202.4
231.1

219.0
207.8
242.8

222.6
209.2
251.1

227.8
213.7
258.3

234.9
219.2
269.0

240.0
222.0
278.8

242.2
225.5
278.4

244.4
229.9
276.2

246.8
232.6
277.7

244.6
231.1
273.8

245.2
232.3
273.2

Wholesale trade
Durable goods
Nondurable goods

9
10
11

160.9
152.8
176.4

160.9
154.9
172.2

162.4
158.3
170.1

165.4
160.7
174.2

168.8
164.3
177.2

171.9
167.8
179.9

175.9
171.5
184.4

180.4
175.3
190.1

185.8
180.0
197.0

193.3
184.7
210.0

200.9
190.0
222.3

209.6
197.2
234.0

217.3
202.3
246.8

221.7
205.4
253.9

228.3
211.2
261.7

235.4
217,9
270.4

242.1
221.6
283.0

242.9
225.5
277.9

244.1
229.4
274.2

245.2
231.6
272.6

242.4
231.7
264.3

243.9
233.3
265.4

Merchant wholesalers
Durable goods
Nondurable goods. .

12
13
14

158.3
152.7
169.4

157.6
154.6
163.6

158.9
158.0
160.7

161.9
160.3
164.9

166.3
164.1
170.6

169.5
167.5
173.6

173.3
171.2
177.3

177.3
174.9
182.0

182.5
179.4
.188.6

188.9
184.1
198.5

194.9
189.2
206.3

202.0
196.2
213.6

207.6
201.3
220.5

212.3
204.9
227.7

220.2
210.9
238.9

227.0
218.0
245.5

231.1
222.0
249.8

233.9
226.1
250.4

235.4
230.1
246,5

236.4
232.4
244.9

235.9
232.8
242.4

238.7
234.4
247.6

Nonmerchant wholesalers
Durable goods
Nondurable goods

15
16
17

172.5
153.2
203.2

175.6
156.5
205.4

178.5
159.9
207.2

181.4
162.5
210.7

180.7
165.7
205.2

183.6
169.4
207.4

188.4
172.8
214.6

195.2
177.6
224.5

201.7
183.3
234.8

214.3
187.7
261.7

229.5
194.2
292.1

245.9
202.3
321.6

262.4
207.0
353.4

265.3
208.0
359.2

267.2
212.8
359.7

276.2
217.5
377.7

294.2
219.2
419.5

285.9
222.6
393.4

286.2
225.6
393.0

288.7
227.8
394.1

275.3
225.9
361.1

270,4
227.2
347.7

Retail trade
Durable goods
Nondurable goods

18
19
20

143.8
141.7
145.7

145.2
143.0
147.2

146.8
145.0
148.5

148.5
146.9
150.0

151.3
150.2
152.4

155.4
155.1
155.6

158.2
158.3
158.1

161.9
161.6
162.1

166.4
165.8
166.9

170.4
169.2
171.6

175.9
173.6
178.1

183.2
182.0
184.3

189.0
187,0
190.8

192.1
188.8
195.1

198.4
196.0
200.5

202.6
200.6
204.3

205.4
202.0
208.2

207.8
204.6
210.5

210.9
208.9
212.6

212.9
211.3
214.2

211.5
210.9
211.9

213.0
212.0
213.8

Other

21

177.6

180.4

184.9

187.9

189.8

193.9

197.9

203.3

211.3

220.8

232.6

242.9

253.9

258.6

268.3

278.5

286.1

291.3

296.4

301.7

300.9

302.0

§

Final sales 3.
22
Final sales of goods and 23
structures.

135.8
135.9

138.2
138.3

140.1
139.9

142.4
142.1

144.4
144.1

148.3
148.2

151.5
151.7

154.9
154.9

158.4
159.0

161.6
162.6

165.0
165.9

167.9
168.2

172.1
172.4

176.4
176.5

181,4
181.7

185.6
185.6

189.6
189,5

193.2
192,9

197.7
196.8

201,2
199.4

203.7
201.1

206.4
203.3

o

Inventories

1
Inventories are as of the end of the quarter.
2
Prior to 1959, inventories held by construction
3

establishments are included in line 5.
Business final sales equals final sales less gross product of households and institutions, government, and rest of the world, and includes a small amount of final sales by farms.




I
H

8
GO

GO
V)

115

SURVEY OF CURRENT BUSINESS

July

Table 7.22.—Implicit Price Deflators for Gross National Product by Industry
[Index numbers, 1972=100]
Line
Gross national product

1977

1976

1978

1981

1980

1979

1

132.34

140.05

150.42

163.42

178.64

2

132.3

140.1

150.4

163.4

178.7

195.5

3

132.2

140.6

151.0

162.8

178.4

195.0

Agriculture, forestry, and fisheries
Farms
Agricultural services, forestry, and fisheries

4
5
6

143.0
142.9
143.4

147.8
146.0
163.0

178.1
180.1
163.8

204.7
209.4
170.7

189.7
191.0
180.3

197.2
197.4
195.8

Mining

7

224.9

242.7

259.0

320.6

436.0

570.1

Construction

8

145.2

157.6

173.8

198.7

227.5

244.6

Manufacturing
Durable goods
Nondurable goods

9
10
11

129.3
128.2
131.0

137.0
136.9
137.3

145.2
145.7
144.4

153.5
154.1
152.5

165.5
165,6
165.2

179.3
180.4
177.7

Transportation and public utilities
Transportation
Communication
Electric, gas, and sanitary services

12
13
14
15

128.7
130.3
116.0
141.9

136.6
139.8
118.9
154.2

144.0
149.2
122.2
165.3

149.7
162.4
123.5
166.1

165.1
189.6
127.4
186.0

184.3
213.0
138.3
216.7

Wholesale trade

16

138.0

144.3

151.6

166.1

Retail trade

17

128.4

136.1

145.6

155.8

168.5

183.4

Finance, insurance, and real estate
Finance and insurance
Real estate

18
19
20

122.5
118.4
124.1

133.0
137.0
131.5

145.8
157.8
141.3

156.2
170.4
151.0

170.3
182.7
165.8

184.0
189.9
181.8

Domestic industries (Gross domestic product)...,
Private industries

Services
Government and government enterprises
Government
Government enterprises
Rest of the world




,

195.51

195.8

21

134.6

142.6

152.7

165.3

181.2

196.7

22

133.0

141.6

150.9

160.5

173.0

189.1

23
24

133.0
132.9

142.4
135.6

151.7
145.0

161.7
151.5

175.6
155.0

192.1
167.8

25

131.5

139.0

149.0

161.8

176.7

193.6

116

July

SURVEY OF CURRENT BUSINESS

8. Supplementary Tables
Table 8.1.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price Deflators, and Price
Indexes
[Percent]
Seasonally adjusted at annual rates
Line

Gross national product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

1976

1977

1978

1979

1980

1981

1977
I

II

1978
III

IV

I

II

III

IV

1
2
3
4
5

10.9
5.4
5.2
5.7
5.8

11.7
5.5
5.8
6.1
6.3

12.8
5.0
7.4
7.6
7.8

11.7
2.8
8.6
8.9
9.5

8.9
-0.4
9.3
9.0
9.9

11.6
1.9
9.4
9.4
9.6

14.8
8.9
5.5
6.1
6.7

13.8
6.7
6.6
6.5
6.6

13.1
6.8
5.9
5.1
5.2

7.2
0.8
6.4
7.8
8.3

8.9
3.4
5.3
6.1
5.8

23.0
11.0
10.8
10.0
10.4

12.3
3.3
8.7
8.6
8.9

15.2
5.5
9.1
10.2
10.7

6
7
8
9
10

11.0
5.6
5.1
5.3
5.3

11.1
5.0
5.8
6.0
6.2

11.8
4.5
7.0
7.3
7.4

11.9
2.7
9.0
9.3
9.7

10.6
0.3
10.3
10.7
11.2

10.6
1.8
8.6
9.1
9.3

12.9
6.2
6.3
6.6
7.0

8.6
3.0
5.4
6.2
6.3

10.4
4.4
5.7
5.8
5.8

12.1
6.2
5.6
6.1
6.3

8.1
1.6
6.4
6.2
6.0

18.1
8.0
9.3
10.3
10.6

11.5
3.4
7.9
8.0
8.2

13.5
4.7
8.4
8.8
9.2

Durable goods:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index.

11
12
13
14
15

18.6
12.3
5.6
5.7
5.9

13.6
9.0
4.2
4.4
4.6

12.3
6.4
5.6
5.7
6.0

6.6
0.3
6.3
6.9
6.9

0.4
-6.9
7.8
8.4
8.5

9.4
2.2
7.1
7.5
7.8

23.1
17.8
4.5
3.8
3.9

10.5
9.1
1.3
2.5
2.8

10.8
6.9
3.6
3.4
3.5

13.8
8.4
5.0
5.4
5.8

24
-7.2
5.2
5.4
5.6

44.2
33.6
8.0
7.6
8.0

2.2
-5.0
7.5
7.6
7.9

12.1
6.0
5.8
6.4
6.4

Nondurable goods:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

16
17
18
19
20

8.4
4.7
3.6
3.6
3.5

8.4
3.6
4.7
4.9
5.0

10.3
3.3
6.8
7.1
7.2

13.6
2.5
10.8
11.3
11.6

11.7
0.8
10.9
11.8
12.4

9.6
1.8
7.6
8.4
8.7

9.5
3.8
5.5
5.8
6.1

7.5
1.5
5.9
6.8
7.0

5.1
0.6
4.5
4.9
5.1

12.1
7.8
4.0
4.5
4.4

6.9
0.6
6.3
5.8
6.0

13.8 ~ 12.7
2.2
5.1
11.3
7.2
12.3
7.7
12.4
7.8

16.8
8.2
8.0
7.8
8.0

Services:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

21
22
23
24
25

11.2
4.3
6.6
6.7
6.9

12.7
4.9
7.5
7.6
7.8

12.9
4.8
7.7
7.9
8.0

12.2
3.7
8.2
8.4
8.7

12.8
2.4
10.2
10.5
10.8

11.7
1.7
9.8
10.1
10.4

12.9
4.6
7.9
8.3
9.0

8.9
2.2
6.6
7.0
6.7

15.0
6.9
7.7
7.3
7.2

11.7
4.1
7.3
7.7
8.4

12.7
5.7
6.6
6.7
6.1

14.3
5.0
8.9
9.4
9.6

13.8
5.2
8.2
8.4
8.5

11.1
1.4
9.5
10.5
11.2

Gross private domestic investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

26
27
28
29
30

25.1
19.2

25.7
16.1

19.3
10.5

9.4
-0.2

4.9
-11.8

17.2
8.4

57.2
37.4

34.8
26.0

27.7
18.1

1.3
-7.4

16.8
15.7

44.7
25.5

6.4
31

15.5
7.2

31
32
33
34
35

15.5
9.4
5.6
5.9
6.0

22.4
13.7
7.6
7.8
8.3

19.6
9.8
8.9
9.7
10.0

13.5
3.8
9.4
10.4
11.0

0.9
-6.9
8.3
9.9
10.1

9.4
1.7
7.6
8.2
8.2

25.6
16.9
7.4
7.5
8.1

31.0
19.5
9.6
9.6
10.2

16.2
8.4
7.2
6.7
6.5

22.7
8.9
12.7
13.9
14.5

6.6
1.9
4.6
5.2
4.9

40.0
25.3
11.7
12.3
13.4

15.9
6.0
9.3
10.8
11.6

13.2
4.1
8.7
10.4
11.2

36
37
38
39
40

10.4
5.2
4.9
5.5
5.3

17.9
11.7
5.6
6.0
6.2

21.3
12.9
7.4
8.1
8.4

16.6
7.3
8.6
9.4
10.1

6.5
-2.2
9.0
10.1
10.6

12.0
3.5
8.1
8.6
8.9

24.5
18.5
5.0
5.2
5.6

20.7
13.2
6.6
7.1
7.5

15.6
7.2
7.8
7.1
6.7

25.9
16.0
8.5
9.3
9.5

11.9
5.6
6.0
6.5
6.4

38.0
27.5
8.2
8.9
9.8

18.3
10.0
7.6
9.1
9.9

16.9
9.2
7.1
8.5
9.2

Chain price index
Fixed-weighted price index

41
42
43
44
45

6.1
3.2
2.9
2.5
2.2

9.6
2.4
7.0
6.9
6.6

22.2
10.5
10.6
11.0
10.4

24.8
10.0
13.5
13.8
13.6

12.5
-1.1
13.8
12.0
11.9

17.4
6.3
10.4
9.1
8.2

1.5
-6.1
8.1
7.5
7.2

26.0
14.1
10.4
10.2
9.7

17.9
12.2
5.1
6.4
5.2

11.3
-1.5
12.9
11.5
11.0

12.4
7.0
5.1
6.4
5.8

51.0
30.1
16.1
15.7
15.4

24.3
9.1
14.0
15.0
14.7

18.4
4.5
13.3
14.1
13.7

Producers' durable equipment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

46
47
48
49
50

12.6
6.2
6.0
7.1
7.3

22.2
15.9
5.4
5.6
6.0

20.8
13.8
6.1
6.8
7.1

12.8
6.3
6.1
7.4
7.9

3.5
27
6.4
9.2
9.8

8.9
2.4
6.4
8.3
9.4

37.1
30.8
4.8
4.0
4.5

18.4
12.9
4.9
5.7
6.1

14.5
5.2
8.8
7.4
7.6

33.3
23.9
7.5
8.3
8.5

11.7
5.0
6.3
6.6
6.8

32.5
26.5
4.7
6.0
6.4

15.6
10.3
4.8
6.5
6.9

16.2
11.0
4.7
5.9
6.4

51
52
53
54
55

30.2
21.3
7.4
7.3
7.3

33.1
18.6
12.3
12.2
12.2

16.1
2.8
12.9
13.0
12.9

6.6
-5.2
12.4
12.6
12.6

-13.0
-20.2
9.0
9.3
9.3

1.7
4.8
6.9
7.1
7.1

28.2
13.3
13.1
12.9
12.9

56.6
35.5
15.5
15.5
15.4

17.6
11.1
5.8
6.0
6.0

16.2
5.9
23.5
24.1
23.9

-4.1
-6.5
2.5
2.3
2.4

44.4
20.0
20.3
20.1
20.0

10.6
-3.5
14.6
14.6
14.5

5.2
-8.0
14.4
14.7
14.7

Exports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

56
57
58
59
60

10.3
6.3
3.7
3.9
3.4

6.9
2.6
4.3
4.5
4.5

19.7
12.2
6.6
6.8
6.6

28.6
15.4
11.5
12.3
12.8

20.6
8.9
10.7
10.6
10.9

8.3
04
8.8
9.5
9.5

0.9
30
4.0
5.0
5.1

17.1
10.8
5.7
6.1
6.2

3.9
4.5
-0.6
-0.3
-0.8

-11.5
127
1.3
2.3
2.1

35.7
26.7
7.1
8.5
7.9

41.1
22.5
15.1
11.6
11.2

22.1
15.5
5.7
7.3
7.3

36.4
22.5
11.3
12.9
13.8

Imports:
Current dollars
....
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

61
62
63
64
65

22.6
18.6
3.3
2.6
2.1

18.9
7.3
10.7
8.9
9.1

17.7
13.0
4.2
7.1
7.7

22.0
6.1
14.9
17.3
16.4

17.1
04
17.5
25.3
24.2

8.7
7.2
1.3
6.1
5.0

31.6
1.2
30.1
15.6
15.5

16.0
12.0
3.6
12.5
13.5

0.8
45
5.5
6.2
5.8

12.7
13.7
-0.9
4.1
4.5

33.2
27.5
4.5
8.3
9.5

20.7
12.1
7.7
9.8
9.3

10.9
6.4
4.2
5.8
5.8

17.5
11.0
5.9
7.5
8.4

Personal consumption expenditures:
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 .
Nonresidential:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Structures:
Current dollars
1972 dollars

Residential:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
.
Fixed-weighted price index




117

SURVEY OF CURRENT BUSINESS

July

Table 8.1.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price Deflators, and Price
Indexes—Continued
[Percent]
Seasonally adjusted at annual rates
Line

1976

1977

1978

1979

1980

1981

1978

1977
HI

Government purchases of goods and services:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

1.5
7.1
7.1
7.1

9.7
2.0
7.5
7.4
7.7

9.8
1.3
8.4
8.7
9.4

13.5
2.3
11.0
10.9
11.9

10.9
0.9

70

6.5
0.
6.6
6.5
6.3

71
72
73
74
75

5.3
-0.7
6.0
5.8
5.8

11.0
3.8
7.0
6.9
7.1

7.1
-0.1
7.2
7.2
7.2

9.6
1.8
7.7
8.2
9.1

76
77
78
79

-2.3
5.9
6.0

8.0
0.8
7.1
7.3
7.3

8.0
0.4
7.6
7.5
7.5

8.7
2.7
5.8
5.6
5.3

17.1
10.0
6.5
6.2
6.3

7.2
0.4
6.9
6.8
6.6

66
67
.....

Federal:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
National defense:
Current dollars
1972 dollars.........
Implicit price deflator
Chain price index
Fixed-weighted price index
Nondefense:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index.....

81
82
84
85

State and local:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

87
...
89
90

III

IV

IV

9.5
9.5

8.3
1.7
6.5
8.4
8.7

14.3
5.2
8.6
7.7
7.7

8.5
2.7
5.7
5.2
5.1

9.6
0.9
8.7
9.4
10.1

4.8
-1.4
6.2
6.5
6.5

11.8
4.8
6.6
6.5
6.8

14.8
4,7
9.6
7.7
8.1

11.2
1.3
9.8
11.7
12.6

17.1
4.2
12.4
11.6
13.7

16.1
3.7
12.0
10.6
11.4

4.6
0.7
3.8
9.1
10.0

20.4
11.3
8.2
5.7
5.8

11.8
8.0
3.5
1.9
2.1

9.4
-1.5
11.1
13.1
13.8

-5.8
-11.1
6.0
7.1
6.3

5.0
0.6
4.4
4.9
5.0

19.8
8.9
10.0
4.9
4.9

15.6
5.3
9.7
14.6
15.0

11.5
2.6
8.7
8.8
9.7

17.5
4.0
12.9
12.1
14.5

17.0
4.9
11.5
11.5
11.8

7.1
-0.5
7.6
10.4
11.0

9.2
2.5
6.5
6.2
6.2

3.7
-0.6
4.3
1.8
2.5

4.3
-7.5
12.8
14.7
14.7

3.6
-2.4
6.1
7.8
7.7

19.5
12.1
6.5
4.3
4.5

8.4
2.6
5.7
4.1
3.9

11.1
-1.4
12.7
15.2
15.0

5.3
-1.0
6.4
6.5
6.2

6.0
0.3
5.7
7.1
7.5

16.5
4.6
11.3
10.7
11.5

14.3
1.3
12.8
8.8.
10.3

-0.3
3.1
-3.4
6.5
7.5

45.6
31.0
11.2
4.6
4.9

28.1
26.1
1.6
2.1
1.0

18.7
10.0
7.9
10.5
11.7

-20.3
-24.7
5.9
5.8
2.7

-18.0
-18.4
0.4
6.0
6.4

45.6
22.4
18.9
6.5
7.4

24.2
19.1
4.2
13.5
14.8

7.5
0.2
7.3
7.3
7.2

11.2
3.3
7.6
7.6
8.1

9.9
1.1
9.0
9.5

11.5
1.1
10.3
10.5
10.8

7.9
-0.8
8.7
8.8
8.2

10.4
2.3
7.9
7.9
7.9

10.9
1.8
8.9
8.9
9.0

6.7
-0.4
7.1
7.1
7.2

9.8
2.3
7.2
7.3
7.8

11.3
4.9
6.2
6.2
6.6

15.6
7.3
7.8
7.4
7.9

12.1
2.3
9.5
9.3
10.3

8.9
-1.0
9.9
10.1
11.1

11.9
6.1
5.5
5.6
5.6

12.8
5.9
6.5
6.5
6.7

12.6
5.0
7.3
7.7
7.9

11.1
2.0
8.9
9.4
9.8

8.5
-1.3
9.9
10.6
11.1

11.6
2.6
8.8
9.0
9.1

17.9
9.4
7.7
7.1
7.5

13.7
6.7
6.5
7.1
7.2

12.8
6.2
6.2
5.7
5.7

9.7
2.8
6.7
8.0
8.5

3.1
5.5
6.1
6.0

21.1
10.1
10.0
9.9
10.2

11.2
2.5
8.5
8.4
8.7

13.4
4.5
8.5
9.6
10.3

11.1
5.1
5.7
6.1
6.3

12.8
4.9
7.5
7.7
7.8

12.4
3.5
8.7
8.9
9.5

10.0
0.5
9.5
9.0
9.9

10.4
1.0
9.3
9.4
9.6

10.8
6.3
4.3
6.1
6.7

13.1
5.8
6.9
6.4
6.6

11.2
5.3
5.6
5.1
5.2

10.7
3.4
7.1
7.8
8.4

7.2
1.3
5.8
6.1
5.8

22.0
10.8
10.1
10.0
10.3

14.0
4.9
8.7
8.6
8.9

14.8
5.0
9.3
10.2
10.7

13.3
5.5
7.3
8.0
8.5

7.2
1.0
6.1
6.1
5.9

20.1
9.9
9.3
9.8
10.2

12.9
4.1
8.5
8.4
8.7

13.0
3.9
8.7
9.7
10.3

Addenda:
Gross domestic purchases:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

91
92
,

.......
95

Final sales:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

100

9.6
4.2
5.2
5.7
5.8

Final sales to domestic purchasers:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

101
102
103
104
105

10.7
4.9
5.5
5.6
5.6

12.2
5.5
6.4
6.5
6.7

12.6
4.8
7.4
7.7
7.9

11.8
2.6
8.9
9.4

9.5
-0.5
10.0
10.6
11.2

10.4
1.6
8.7
9.0
9.2

13.7
6.8
6.5
7.1
7.6

13.0
5.7
7.1
7.2

10.9
4.7
5.9
5.8
5.7

Gross domestic product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

106
107
108
109
110

10.8
5.3
5.2
5.7
5.8

11.6
5.5
5.8
6.1
6.3

12.6
4.9
7.4
7.6
7.8

11.3
2.4
8.7
8.9
9.5

8.9
-0.4
9.3
9.0

11.7
2.0
9.4
9.4
9.6

14.6
8.6
5.5
6.1
6.7

13.9
6.8
6.6
6.5
6.6

13.1
6.7
5.9
5.1
5.2

7.7
1.2
6.4
7.8
8.4

7.7
2.2
5.4
6.1
5.8

24.0
12.0
10.8
10.0
10.4

11.7
2.8
8.7
8.6
8.9

14.4
4.9
9.1
10.2
10.7

Ill
112
113
114
115

1.1.2
6.1
4.8
5.4
5.5

12.2
6.2
5.6
6.0
6.2

13.1
5.2
7.5
7.8
8.0

11.7
2.6
9.2
9.9

-0.7
9.4
9.0
10.1

11.8
2.2
9.4
9.4
9.6

16.0
10.3
5.2
5.8
6.5

15.2
7.8
6.8
6.5

13.7
7.2
6.1
5.0
5.2

6.6
0.8
5.8
7.4
7.9

7.5
2.0
5.3
6.2
5.9

27.0
13.6
11.9
10.9
11.4

12.2
2.9
9.0
8.9
9.3

14.9
5.5
8.9
10.1
10.7

116
117
118
119
120

11.9
6.5
5.1
5.6
5.7

12.7
6.6
5.8
6.0
6.5

13.1
5.7
7.1
7.3
7.5

11.3
2.4
8.7
8.9
9.6

-1.0
10.0
9.5
10.6

12.0
2.2
9.6
9.6
9.7

15.3
10.5
4.3

18.2
10.3
7.1

14.5
7.2
6.9

7.8
2.9
4.7

8.1
2.7
5.2

23.9
12.3
10.3

11.8
2.6
9.0

14.0
5.3
8.2

121
122

9.0
3.6

10.0
4.0

12.2
4.9

12.0
2.7

10.5
0.2

11.2
2.5

2.2

12.2
6.4

14.2
8.0

11.9
5.9

9.7
3.1

13.6
3.9

12.9
4.7

13.0
4.3

Business:
Current dollars
1972 dollars
,
Implicit price deflator
Chain price index
Fixed-weighted price index
Nonfarm:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Disposable personal income:
Current dollars
1972 dollars
.




96
97

118

SURVEY OF CURRENT BUSINESS

July

Table 8.1.—Percent Change From Preceding Period in Gross National Productin Current and Constant Dollars, Implicit Price Deflators, and Price
Indexes—Continued
[Percent]
Seasonally adjusted at annual rates

1979

Line
I

Gross national product:
Current dollars . .
1972 dollars.....
Implicit price deflator
Chain price index
Fixed-weighted price index

1980

in

II

IV

I

II

1981
III

IV

I

II

1982
III

IV

I

II

1
2
3
4
5

9.8
1.1
8.5
8.5
8.6

7.5
-0.9
8.5
9.0
9.8

13.6
4.8
8.3
7.7
9.2

8.1
0.7
7.3
8.2
9.4

12.2
1.5
10.5
9.0
10.5

-0.4
-9.6
10.1
9.6
10.0

11.4
1.6
9.6
9.7
9.4

15.3
4.3
10.5
11.0
11.2

19.6
7.9
10.9
9.3
10.0

5.3
-1.5
6.8
8.2
8.4

11.4
2.2
9.0
9.2
8.9

3.0
-5.3
8.8
8.4
8.5

-1.0
-5.1
4.3
5.0
4.8

7.1
1.7
5.3
4.7
4.6

........ 6
7
8
9
10

10.3
0.9
9.3
9.0
9.1

8.5
-0.7
9.3
10.0
10.6

15.0
5.1
9.4
10.3
10.8

13.6
3.4
9.9
10.2
10.7

10.7
-0.7
11.5
12.6
13.4

0.9
-8.7
10.5
10.1
10.4

15.6
5.4
9.6
9.8
9.8

16.1
5.7
9.8
10.0
10.1

13.0
4.4
8.3
10.3
10.9

4.4
-2.7
7.3
7.4
7.7

11.3
2.9
8.2
8.0
7.6

3.4
-3.3
7.0
7.2
7.1

7.6
2.5
5.0
5.2
4.8

6.7
3.0
3.6
3.5
3.0

11
12
13
...... 14
15

2.9
-4.0
7.1
7.3
7.3

45
-9.5
5.6
7.0
7.0

17.6
12.0
5.1
5.2
5.0

14
-7.3
6.4
7.4
7.6

8.1
-2.4
10.7
10.8
10.8

-34.1
-38.2
6.7
8.6
8.4

30.5
19.1
9.6
9.0
9.5

24.7
15.1
8.3
8.4
8.2

23.5
17.8
4.8
5.1
5.2

-10.5
-17.2
8.1
8.5
9.7

20.2
10.7
8.5
7.9
8.6

-17.9
-20.9
3.8
5.6
5.3

15.1
10.4
4.2
3.8
3.7

8.2
4.4
3.6
4.2
5.0

Nondurable goods:
Current dollars..
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

16
17
18
. 19
20

9.8
-2.6
12.7
12.2
12.7

12.3
-0.8
13.2
14.6
14.9

16.9
4.9
11.4.
12.8
13.3

18.3
7.5
10.1
10.9
11.6

9.9
-2.3
12.4
14.5
15.7

3.8
-5.6
9.9
10.1
10.6

10.8
1.1
9.5
9.2
9.1

16.9
6.2
10.1
10.0
10.0

12.0
2.9
8.9
12.3
13.4

5.1
0.1
4.9
5.5
5.5

6.5
1.5
5.0
4.3
3.7

2.9
0.
2.8
3.5
3.6

1.4
1.0
2.4
2.9
2.4

4.0
4.0
0.
-0.7
19

Services:
Current dollars
1972 dollars
Implicit price deflator....
Chain price index
Fixed-weighted price index

21
22
23
24
25

13.2
5.8
7.1
6.8
6.2

9.5
2.5
6.9
7.2
7.7

12.5
2.9
9.4
9.8
10.3

14.5
3.9
10.2
10.5
10.9

12.3
1.2
11.0
11.5
11.9

10.7
0.4
10.3
10.6
10.9

16.0
5.1
10.4
10.4
10.7

13.2
2.6
10.3
10.4
10.7

11.1
1.5
9.4
10.0
10.3

8.3
0.1
8.2
8.8
9.3

13.2
1.7
11.2
.11.3
11.2

10.3
0.
10.3
10.7
11.0

11.0
3.0
7.8
7.6
7.6

8.5
1.9
6.5
6.8
7.2

Gross private domestic investment:
Current dollars
1972 dollars
Implicit price deflator
...
Chain price index
Fixed-weighted price index . .....

26
27
. . 28
29
30

6.0
-1.1

13.4
0.3

3.4
-6.7

-13.3
18.5

7.1
4.5

276
-32.5

68
-5.1

30.1
22.6

52.2
25.0

18.5
14.9

9.2
6.9

-13.3
22.6

-38.8
36.5

14.6
10.8

31
32
33
34
35

11.7
2.8
8.6
9.4
9.8

8.8
-1.7
10.8
11.3
12.1

19.4
8.7
9.9
10.6
11.8

07
-8.0
7.9
9.4
9.3

5.1
-4.0
9.4
10.0
10.4

278
-32.3
6.7
11.2
11.4

15.0
6.8
7.6
9.8
10.1

24.3
16.6
6.6
5.7
5.5

15.3
6.4
8.4
9.0
9.4

6.8
34
10.5
8.0
7.7

3.0
10
4.0
7.5
7.8

1.3
50
6.7
7.1
6.7

-4.6
60
1.5
4.9
4.2

-1.4
6.4
5.3
4.3
3.8

36
37
38
39
40

16.7
6.8
9.3
9.7
10.5

9.9
0.1
9.8
10.1
10.7

22.3
12.1
9.1
9.3
10.0

4.4
-4.6
9.4
10.8
11.2

13.3
2.5
10.6
10.0
10.6

133
-20.4
8.9
11.6
12.2

10.4
3.5
6.7
10.0
10.9

13.3
6.6
6.2
6.7
7.4

16.7
8.0
8.0
8.5
8.8

14.5
1.1
13.3
8.9
9.0

14.3
9.3
4.6
7.3
7.7

8.4
0.6
7.8
7.3
7.0

-3.5
5.0
1.5
5.5
5.1

-3.2
8.5
5.7
4.8
4.6

41
42
43
44
45

18.6
3.4
14.7
13.3
13.4

26.8
14.8
10.4
13.0
12.9

36.7
19.0
14.9
14.3
13.8

20.0
6.5
12.7
12.0
12.2

15.2
-0.3
15.6
13.9
13.4

66
-19.2
15.5
12.4
12.8

1.8
-11.1
14.6
9.5
9.3

11.6
3.3
8.1
7.9
6.8

27.3
18.5
7.4
9.7
8.6

27.3
12.4
13.2
8.0
7.0

19.1
12.6
5.8
8.6
7.8

22.3
5.9
15.5
8.6
6.1

5.3
1.3
4.0
5.2
4.4

5.3
1.6
3.7
4.5
3.8

46
47
48
49
50

15.8
8.1
7.1
8.0
8.6

2.6
-5.2
8.1
8.7
9.3

15.6
9.4
5.6
6.9
7.5

-3.1
-8.8
6.3
10.2
10.6

12.3
3.7
8.3
7.9
8.7

-16.9
-21.0
5.1
11.1
11.7

15.5
10.2
4.8
10.3
11.9

14.2
8.0
5.7
6.1
7.8

11.2
4.1
6.8
7.9
8.9

7.7
3.3
11.4
9.4
10.4

11.6
7.8
3.4
6.6
7.5

0.7
-1.7
2.4
6.6
7.5

-8.8
-7.6
1.3
5.7
5.5

-8.5
-12.7
4.8
5.0
5.2

51
52
53
54
55

0.8
-7.3
8.6
8.7
8.7

6.3
67
13.9
14.4
14.4

12.7
0.7
13.4
13.6
13.6

-12.4
-17.4
6.0
6.2
6.2

-14.0
-21.6
9.6
10.0
10.0

-58.2
-61.7
9.1
10.1
10.1

31.0
20.4
8.8
8.8
8.8

64.5
59.8
2.9
2.4
2.3

11.5
1.0
10.4
10.4
10.4

134
17.4
4.8
5.4
5.4

270
-31.9
7.2
8.1
8.1

20.8
25.3
6.0
6.3
6.3

8.4
-10.2
2.0
2.7
2.6

5.7
3.3
2.3
2.5
2.4

56
57
58
59
60

25.1
9.8
14.0
14.8
15.5

20.4
4.9
14.7
16.1
17.0

37.8
27.3
8.3
9.0
9.0

30.4
20.7
8.0
7.1
7.8

36.6
22.2
11.8
12.5
13.5

1.9
7.5
10.1
8.1
7.6

-0.1
-12.6
14.3
13.5
13.6

11.8
-1.9
13.9
15.1
15.0

23.3
11.3
10.8
11.6
11.5

3.9
1.0
2.9
4.8
5.2

1.8
-4.7
3.0
4.7
4.7

0.8
-2.4
3.2
2.8
2.4

8.4
-12.7
4.9
5.1
5.1

1.2
1.8
-0.6
1.5
1.6

61
62
63
64
65

12.3
-3.3
16.1
17.4
17.6

38.5
14.5
21.0
22.6
20.0

26.0
1.5
24.1
33.5
29.0

42.6
10.6
29.0
30.4
31.1

32.2
6.3
24.3
38.7
38.3

10.4
19.1
10.9
16.3
13.9

17.7
-18.0
0.4
11.1
12.9

38.0
29.2
6.8
7.9
6.3

14.4
5.8
8.0
13.1
10.5

13.8
16.8
-2.6
0.8
1.0

-4.3
11.3
-14.0
-7.1
8.4

3.7
6.0
-2.2
-1.8
3.0

-17.1
17.5
0.5
8.4
6.7

4.0
7.2
-10.4
2.1
-5.0

....

,

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

. . . ..

Fixed investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index .
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:
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Exports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Imports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index




.. ..

. .

...

...

SURVEY OF CURRENT BUSINESS

July

119

Table 8.1.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price Deflators, and Price
Indexes—Continued
[Percent]
Seasonally adjusted at annual rates
Line

1979
I

Government purchases of goods and services:
Current dollars
.
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

II

1980
III

IV

I

II

1982

1981
III

IV

I

II

III

IV

I

II

66
67
68
69
70

5.2
-1.8
7.1
7.2
7.3

6.8
0.6
6.1
7.2
7.7

12.6
2.8
9.6
9.4
11.0

17.0
3.5
13.0
13.3
15.2

18.5
5.2
12.7
11.5
12.9

13.6
3.1
10.1
10.8
10.9

1.9
47
7.0
8.1
7.9

16.8
-0.3
17.2
14.4
15.1

13.7
5.2
8.1
7.7
8.0

3.6
41
8.0
8.9
8.5

12.2
3.6
8.2
7.2
6.5

18.6
7.0
10.8
11.3
11.1

2.4
29
5.5
6.3
5.8

1.2
-6.4
8.1
6.5
6.1

71
72
73
74
75

6.5
07
7.2
5.6
5.6

-2.7
-5.0
2.4
6.0
7.0

12.2
4.0
8.0
7.4
11.0

25.3
5.7
18.5
18.8
22.4

29.5
12.3
15.3
11.1
13.4

20.8
10.5
9.3
10.2
10.4

-10.5
-12.5
2.3
5.4
5.2

31.3
-2.6
34.8
26.3
27.2

20.9
12.2
7.8
6.7
8.6

2.2
-3.2
5.6
7.3
8.0

23.5
14.8
7.6
4.8
4.6

40.7
20.4
16.8
18.3
18.6

-1.4
-5.5
4.4
6.4
5.9

-8.6
-16.1
9.0
5.1
5.1

National defense:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

76
77
78
79
80

8.6
1.5
7.0
6.2
6.8

9.3
4.3
4.8
6.4
7.3

14.5
3.6
10.5
8.8
12.6

24.2
2.7
20.9
19.8
24.5

28.8
13.2
13.8
10.6
13.8

10.4
0.5
9.8
11.9
12.4

1.7
-2.5
4.3
4.2
4.9

25.3
21
28.0
27.2
27.2

15.4
8.0
6.8
6.9
6.8

22.1
11.5
9.6
9.6
11.3

10,8
7.6
3.0
5.4
4.2

36.7
10.1
24.2
20.5
20.6

-1.8
79
6.5
7.5
5.8

15.4
7.1
7.8
6.1
5.7

Nondefense:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

81
82
83
84
85

2.7
-4.6
7.7
4.5
2.4

-22.3
205
-2.3
5.4
6.3

7.7
4.6
3.0
4.8
6.9

27.5
11.9
13.9
16.7
16.9

30.8
10.5
18.4
12.0
12.4

43.9
32.0
9.0
6.7
5.3

-30.5
288
-2.4
7.9
6.2

44.4
37
50.0
24.6
27.5

32.4
20.7
9.7
6.3
14.0

-29.3
274
-2.7
2.9
06

55.7
31.6
18.3
3.5
5.7

49.0
43.6
3.8
14.0
13.1

-0.4
09
0.5
4.3
6.2

-45.1
492
8.1
3.3
3.2

86
87
88
89
90

4.5
25
7.1
8.1
8.5

12.5
4.0
8.1
7.9
8.2

12.8
2.1
10.5
10.5
11.0

12.6
2.2
10.2
10.4
10.7

12.7
1.2
11.4
11.7
12.5

9.6
11
10.8
11.1
11.2

9.8
0.3
9.5
9.7
9.6

9.2
1.0
8.0
8.1
7.6

9.7
1.3
8.3
8.3
7.5

4.4
46
9.4
9.8
8.9

5.7
27
8.7
8.7
7.8

6.2
08
7.0
7.0
6.2

Gross domestic purchases:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

91
92
93
94
95

8.5
0.
8.5
8.7
8.9

9.0
04
9.5
9.6
10.2

12.3
2.6
9.5
10.1
10.9

9.1
-0.5
9.6
10.7
11.4

11.6
-0.2
11.9
11.9
12.8

-2.0
106
9.6
10.6
10.6

9.0
1.7
7.1
9.3
9.5

18.2
6.7
10.7
10.2
10.4

18.5
7.4
10.4
9.4
9.9

6.4
-0.4
6.9
7.8
7.9

11.1
3.7
7.2
7.7
7.4

3.4
47
8.5
7.9
7.8

-2.1
-5.3
3.5
5.4
4.9

6.6
2.1
4.4
4.3
3.8

Final sales:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

96
97
98
99
100

10.8
1.8
8.9
8.5
8.6

6.6
-1.2
7.9
9.1
9.9

16.5
7.5
8.4
7.7
9.2

10.6
2.7
7.8
8.2
9.4

11.8
1.6
10.1
9.1
10.4

-0.4
96
10.1
9.4
10.1

14.9
3.3
11.2
9.7
9.4

14.6
3.7
10.5
11.1
11.2

14.6
5.4
8.7
9.4
10.1

3.5
-4.0
7.8
8.3
8.4

10.4
1.0
9.3
9.3
8.9

5.7
-2.3
8.1
8.5
8.6

5.6
0.2
5.4
5.0
4.8

4.8
-0.6
5.5
4.6
4.6

Final sales to domestic purchasers:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

101
102
103
104
105

9.5
0.7
8.8
8.7
8.8

8.2
-0.6
8.9
9.7
10.2

15.2
5.2
9.6
10.2
11.0

11.7
1.5
10.1
10.7
11.4

11.3
-0.1
11.4
11.9
12.7

-2.0
-10.6
9.6
10.4
10.7

12.5
3.5
8.7
9.4
9.4

17.5
6.0
10.8
10.2
10.4

13.5
4.8
8.3
9.6
10.0

4.6
-3.1
7.9
7.8
7.9

10.1
2.5
7.5
7.8
7.4

6.1
-1.6
7.8
8.0
7.9

4.6
0.1
4.5
5.4
4.9

4.3
-0.3
4.6
4.3
3.8

Gross domestic product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index

106
107
108
109
110

9.5
0.9
8.5
8.5
8.6

6.9
-1.4
8.5
9.1
9.9

12.6
3.9
8.4
7.7
9.2

8.2
0.8
7.3
8.2
9.4

12.1
1.5
10.5
9.0
10.5

01
-9.3
10.2
9.6
10.0

11.7
2.0
9.6
9.7
9.4

16.1
5.1
10.5
11.0
11.2

19.3
7.6
10.9
9.3
10.0

5.4
-1.3
6.8
8.2
8.4

11.1
2.0
9.0
9.2
8.9

2.6
-5.7
8.8
8.4
8.5

0.
41
4.3
5.0
4.8

6.9
1.5
5.3
4.7
4.5

111
112
113
114
115

9.8
0.7
9.0
8.9
9.1

6.9
20
9.1
9.7
10.8

13.2
4.2
8.6
7.9
9.8

7.3
0.8
6.5
7.5
8.8

12.4
1.4
10.9
9.2
11.0

-1.8
-11.1
10.5
9.8
10.4

12.2
2.0
10.0
10.1
9.9

15.9
5.9
9.4
10.1
10.0

20.8
8.4
11.4
9.5
10.4

5.1
-1.5
6.7
8.4
8.6

11.9
2.4
9.3
9.6
9.3

0.7
67
8.0
7.6
7.4

-1.3
49
3.8
4.7
4.4

7.0
1.7
5.2
4.4
4.3

116
117
118
119
120

10.4
2.0
8.2

7.4
-1.9
9.4

11.4
2.0
9.2

6.7
-0.1
6.9

13.2
0.4
12.7

0.4
102
11.8

11.7
2.8
8.7

17.1
7.4
9.0

19.4
6.8
11.8

6.4
-0.6
7.1

10.4
0.3
10.1

2.1
-6.4
9.1

-0.4
-3.7
3.5

7.0
1.8
5.1

121
122

12.1
2.6

9.5
0.2

13.0
3.2

10.1
0.1

12.7
1.1

3.2
-6.6

15.3
5.2

13.0
3.0

12.3
3.7

7.9
0.6

13.4
4.8

8.3
1.2

3.0
-1.9

6.8
3.1

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

....

5.0
11
6.2
6.2
5.7

8.0
0.4
7.6
7.4
6.8

Addenda:

Business:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index ....
Nonfarm:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Disposable personal income:
Current dollars
1972 dollars

.....

...

NOTE.—The IMPLICIT PRICE DEFLATOR for GNP is a weighted average of the detailed price indexes used in the deflation of GNP. In each period, the weights are based on the composition of
constant-dollar output in that period. In other words, the price index for each item (1972=100) is weighted by the ratio of the quantity of the item valued in 1972 prices to the total output in 1972
prices. Changes in the implicit price deflator reflect both changes in prices and changes in the composition of output. The CHAIN PRICE INDEX uses as weights the composition of output in the prior
period, and therefore, reflects only the change in prices between the two periods. However, comparisons of percent changes in the chain index also reflect changes in the composition of output. The
FIXED-WEIGHTED PRICE INDEX uses as weights the composition of output in 1972 . Accordingly, comparisons over any time span reflect only changes in prices.




120

SURVEY OF CURRENT BUSINESS

July

Table 8.2.—Selected Per Capita Income and Product Series in Current and Constant Dollars and Population of the United States
Current dollars
Year

Gross
national
product

Personal
income

Disposable
personal
income

Constant (1972) dollars

Personal consumption expenditures
Durable
goods

Total

Nondurable goods

Gross
national
product

Services

Disposable
personal
income

Population
(mid— year,
thousands)

Personal consumption expenditures
Durable
goods

Total

Nondurable goods

Services

1929

849

697

676

634

76

309

249

2,590

1,883

1,765

172

805

789

121,878

1930
1931
1932
1933
1934

736
613
466
444
516

619
527
401
374
425

599
513
390
"363
413

568
487
389
364
406

58
44
29
28
33

276
233
182
177
211

233
210
178
160
162

2,319
2,122
1,817
1,767
1,891

1,710
1,626
1,395
1,349
1,421

1,620
1,545
1,392
1,356
1,398

135
115
87
85
96

759
750
687
660
699

726
680
617
612
603

123,188
124,149
124,949
125,690
126,485

1935
1936
1937
1938
1939

569
646
705
654
694

474
535
573
524
553

459
517
550
502
534

438
484
517
493
511

40
49
54
44
51

230
256
273
261
268

167
178
190
188
192

2,042
2,306
2,405
2,282
2,441

1,545
1,721
1,765
1,636
1,754

1,474
1,609
1,658
1,606
1,678

118
145
151
121
142

732
810
835
841
879

624
654
671
644
657

127,362
128,181
128,961
129,969
131,028

1940
1941
1942
1943
1944

757
937
1,175
1,405
1,522

590
715
909
1,103
1,189

570
691
865
973
1,052

537
605
657
727
781

59
72
51
48
48

280
321
376
429
465

198
212
230
251
268

2,605
3,001
3,423
3,888
. 4,112

1,847
2,083
2,354
2,429
2,483

1,740
1,826
1,788
1,815
1,844

160
181
117
102
94

908
956
963
980
1,007

672
688
708
733
742

132,122
133,402
134,860
136,739
138,397

1945
1946
1947
1948
1949

1,518
1,484
1,617
1,770
1,731

1,215
1,256
1,319
1,425
1,383

1,066
1,124
1,170
1,282
1,259

854
1,017
1,122
1,192
1,194

57
111
142
156
168

514
585
631
659
636

283
321
350
377
390

4,005
3,383
3,263
3,340
3,299

2,416
2,353
2,212
2,290
2,257

1,936
2,129
2,122
2,129
2,140

103
179
209
222
238

1,074
1,124
1,074
1,057
1,055

760
825
839
850
848

139,928
141,389
144,126
146,631
149,188

1950
1951
1952
1953
1954

1,889
2,144
2,217
2,299
2,259

1,498
1,652
1,732
1,803
1,783

1,362
1,465
1,515
1,581
1,583

1,266
1,342
1,383
1,439
1,452

203
193
186
204
196

648
705
726
730
726

415
444
472
505
530

3,526
3,755
3,828
3,908
3,794

2,392
2,415
2,441
2,501
2,483

2,224
2,214
2,230
2,277
2,278

281
253
242
264
261

1,067
1,071
1,090
1,101
1,090

876
889
898
912
927

151,684
154,287
156,954
159,565
162,391

1955
1956
1957
1958
1959

2,420
2,507
2,592
2,582
2,755

1,878
1,977
2,049
2,074
2,171

1,664
1,741
1,802
1,832
1,911

1,535
1,581
1,637
1,662
1,755

234
225
230
212
240

744
766
789
803
827

557
590
618
648
688

3,978
3,992
3,992
3,910
4,076

2,582
2,653
2,660
2,645
2,709

2,384
2,410
2,416
2,400
2,487

309
290
284
260
286

1,122
1,139
1,138
1,130
1,158

954
981
994
1,010
1,044

165,275
168,221
171,274
174,141
177,073

1960
1961
1962..
1963
1964

2,802
2,855
3,028
3,152
3,323

2,226
2,274
2,378
2,463
2,601

1,947
1,991
2,073
2,144
2,296

1,797
1,823
1,904
1,979
2,087

238
226
250
272
294

836
845
866
883
922

723
752
788
825
871

4,079
4,118
4,289
4,398
4,566

2,709
2,742
2,813
2,865
3,026

2,501
2,511
2,583
2,644
2,751

284
268
293
315
338

1,152
1,153
1,171
1,178
1,216

1,064
1,089
1,119
1,150
1,198

180,760
183,742
186,590
189,300
191,927

1965
1966
1967
1968
1969

3,556
3,845
4,023
4,351
4,656

2,782
2,992
3,170
3,440
3,722

2,448
2,613
2,757
2,956
3,152

2,214
2,366
2,467
2,674
2,870

324
346
353
401
423

971
1,041
1,070
1,149
1,222

920
979
1,045
1,125
1,224

4,782
5,009
5,089
5,271
5,365

3,171
3,290
3,389
3,493
3,564

2,868
2,979
3,032
3,160
3,245

374
399
400
440
453

1,255
1,300
1,306
1,347
1,368

1,239
1,281
1,327
1,373
1,424

194,347
196,599
198,752
200,745
202,736

1970
1971
1972
1973
1974

4,841
5,189
5,649
6,258
6,705

3,955
4,181
4,532
5,026
5,463

3,390
3,620
3,860
4,315
4,667

3,031
3,237
3,511
3,831
4,152

415
468
529
582
568

1,296
1,342
1,432
1,573
1,746

1,320
1,426
1,550
1,676
1,838

5,293
5,404
5,649
5,918
5,827

3,665
3,752
3,860
4,080
4,009

3,277
3,355
3,511
3,623
3,566

434
473
529
572
525

1,384
1,390
1,432
1,450
1,414

1,459
, 1,492
1,550
1,600
1,627

205,089
207,692
209,924
211,939
213,898

1975
1976
1977
1978
1979

7,173
7,878
8,708
9,720
10,741

5,857
6,379
6,993
7,783
8,668

5,075
5,477
5,965
6,621
7,331

4,521
4,972
5,468
6,048
6,695

612
719
809
899
948

1,886
2,025
2,174
2,373
2,666

2,023
2,227
2,485
2,776
3,082

5,702
5,953
6,218
6,462
6,572

4,051
4,158
4,280
4,441
4,512

3,609
"3,774
3,924
4,057
4,121

522
580
626
659
654

1,424
1,476
1,513
1,547
1,568

1,664
1,718
1,784
1,851
1,898

215,981
218,086
220,289
222,629
225,106

1980
1981

11,566
12,780

9,490
10,510

8,012
8,827

7,323
8,018

941
1,020

2,945
3,195

3,437
3,803

6,475
6,537

4,472
4,538

4,087
4,123

602
609

1,563
1,576

1,922
1,937

227,654
229,872

Table 8.3.—Capital Consumption Adjustment by Legal Form of Organization and Type of Adjustment
[Millions of dollars]
Line
Capital consumption adjustment *
For consistent accounting at historical cost
For current replacement cost
Domestic corporate business
For consistent accounting at historical cost
For current replacement cost
Financial .
For consistent accounting at historical cost ..
For current replacement cost
Nonfinancial
For consistent accounting at historical cost
For current replacement cost
Sole proprietorships and partnerships
Farm *
Nonfarm
For consistent accounting at historical cost
•.
For current replacement cost
Other private business l
^
Proprietors' income
Rental income of persons
Buildings and equipment owned and used by nonprofit institutions serving individuals 2.
Addendum:
Capital
consumption
adjustment
for
national
income
(4+13+19+20).

1977

1976

1980

1979

1978

1981

1
2
3

—35,837
28,116
-63,953

37,790
35,875
-73,665

44,551
42,946
-87,497

-52,482
51,896
-104,378

-61,221
62,910
-124,131

-62,624
79,897
-142,521

4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

— 13,539
22879
36,418
-503

11,270
29,615
-40,885
-474

14,772
41,576
-56,348
-849
1,480
—2329
-13,923
40,096
—54,019
—5,732
5,855

-17,830
50,084
-67,914

-16,832
62,836
-79,668

123

351

10,320
-10,197
31,978
-232
28,323
-3,423

12,826
-12,475
36,716
-277
32,381
-4,058

-49,059

743

987

21

1246
13036
22,136
35172
—4,441
-3,691
-750
5,237
-5,987
-17,857
— 141
-15,645
-2,071

1,461
-10,796
28,628
-39,424
-4,900
4,290
-610
6,260
-6,870
21,620
-157
-19,147
-2,316

-12,725
35 118
-47,843
-409
1,447
1856
-12,316
33,671
45987
— 5,441
4,950
-491
7,828
-8,319
-26,385
-188
-23,407
-2,790

22

-33,766

-35,474

-41,761

832
2,020
-2,852
-16,998
48,064
-65,062
-6,675
-7,026

-57,163

495
2,875
-3,370
-16,337
59,961
-76,298
-5,497
-7,860
2,363
17,061
-14,698
40,295
-305
-35,520
-4,470

-58,15^

1
Except for farm proprietorships and partnerships (line 14) and other private business (line 18), the capital consumption adjustment is calculated in two parts. The adjustment for consistent
accounting at historical cost converts depreciation based on the service lives and depreciation schedules employed by firms when filing their income tax returns to consistent service lives and
straight line depreciation schedules. The adjustment for current replacement cost converts the historical cost series with consistent accounting to a current replacement cost series. For farm
proprietorships and partnerships and other private business the historical cost series is based on consistent service lives and straight line depreciation schedules so that the adjustment reflects only
a conversion to current replacement cost.
2
Fixed capital assets owned and used by these entities are considered to be business activities selling their current services to their owners. The value of these services is included in personal
consumption expenditures and is equal to their current-account purchases including capital consumption allowances with capital consumption adjustment.




July

121

SURVEY OF CURRENT BUSINESS
Table 8.4.—Supplements to Wages and Salaries by Type
[Millions of dollars]
Line

1976

1977

1978

Supplements to wages and 1
salaries.

146,409

168,902

Employer contributions for social 2
insurance (3.6;2) *.
3
Other labor income (6 151)

70,544
75865

1980

1979

1981
273,638

194,601

220,703

79,467

92,071

105,791

115,297

133,219

89 435

102 530

114 912

127 246

140419

242,543

By Type
Pension, profit-sharing, and other
retirement benefit plans.
Old-age, survivors, and disability
insurance (3.6;5).
Railroad retirement (3 6' 10)
Federal civilian employees retirement (3.6;11).
State and local employees retirement (B.6;15).
Private pension and profitsharing
(6.15;21).

4

84,986

96,162

109,329

124,643

138,582

157,318

5

33,834

37,380

42,881

50,479

55,623

64,984

6
7

1255
4,866

1,384
5,466

1456
6,013

1,652
6,770

1835
• 8,455

1 716
7,446

12,059

13,500

15,011

16,839

19,103

21,800

9

32,972

38,432

43,968

48,903

54,694

60,244

10
11
12

35 089
6,225
29

41,362
6,875
34

47,972
8,585
42

54780
10,555
54

60 647
11,623
75

71537
15,955
85

13

28,835

34,453

39,345

44,171

48,949

55,497

14
Life insurance
Veterans life insurance (3.6;12)
15
Private group
life insurance 16
2
(6.15;24) .

4,425
7
4,418

4,800
6
4,794

5,452
3
5,449

o,840
5
5,835

6,209
6
6,203

6,449
10
6,439

,..,. 17
18
19
20

10,386
517
1,650
8219

12,898
571
2,118
10,209

15,305
636
2,675
11,994

17,744
717
3,028
13999

19,270
838
3,184
15 248

20,120
911
3,375
15834

21
22

10,480
8,448

12,534
9,643

15,191
11,661

16111
12,315

16 028
12,073

16,156
12,182

23
24

1,504
150

2,270
220

2,889
219

3,181
196

3,463
147

3,423
204

25

,378

401

422

419

345

347

„.,.,.. 26

1,043

1,146

1,352

1,585

1,807

2,058

Health insurance
Federal hospital insurance (3.6;6)...
Temporary disability insurance
(3.6;16).
Private group
health insurance
(6.15;23) 2.

Workmen's compensation
Federal (3 6-13)
State and local (3 617)
Private insurers (6 15-25)

Unemployment insurance
State unemployment insurance
(3.6;7).
Federal unemployment tax (3.6;8).,
Railroad unemployment insurance (3.6;9).
Private supplemental unemployment (6.15;26).
Other (6.15-27) 3...

8

,

1
The
2

numbers in parentheses indicate the tables and line numbers from which the entries in this table are derived.
;
Employer contributions to publicly-administered programs are classified as employer contributions for social insurance. Employer contributions to privately-administered programs are
classified as other labor income. Consequently, government contributions to privately-administered health and life insurance plans for government employees are classified as other labor income.
3
Consists largely of directors' fees.
m » i „ - T^ . » T
* r>
i _ m

Table 8.5.—Rental Income of Persons by Type
[Millions of dollars]

Line

1977

1976

1979

,1978

.

1980

1981

1

39,150

43,963

50,007

56,232

65,253

69,398

Rental income
Nonfarm housing., ,
„.....,
Owner-occupied
Permanent site
Mobile homes
Tenant-occupied
(permanent
site).
Farms owned by nonoperator
landlords.
Nonfarm nonresidential properties.

2
3
4
5
6
7

36,192
29,158
22,281
22 404
-123
6,877

40,671
31,687
22,676
22 607
69
9,011

46,242
36,476
26134
25845
289
10,342

51,799
41,374
29471
29209
262
11,903

59,520
49,120
35,111
35,135
-24
14,009

62,530
52,609
38,167
38,318
-151
14,442

3,207

3,460

3,672

4,058

4,360

4,960

9

3,827

5,524

6,094

6,367

6,040

4,961

Royalties

10

2958

3292

3765

4 433

5733

6868

Rental income of persons

8

.

Table 8,6.—Dividends Paid and Received
[Millions of dollars]
Line

1976

1978

1977

1979

1980

1981

Dividends paid.

1

65,834

72,570

80,701

95,680

108,071

115,574

Domestic corporate business l
Financial
Nonfinancial ,
Rest of the world 2...,

2
3
4
5

55,004
6,692
48,312
10,830

59,594
7,390
52,204
12,976

67,118
9,330
57,788
13,583

77,235
10,197
67,038
18,445

85,801
11,642
74,159
22,270

96,476
13,382
83,094
19,098

Dividends received
Domestic corporate business
Financial.. ,
Nonfinancial
Rest of the world 1 .,
Government
Persons..
..

2

6

65,834

72,570

80,701

95,680

108,071

115,574

7
8
9
10
11
12

25,884
7,656
18,228
2,594
842
36,514

29,115
8,839
20,276
2,637
1,256
39,562

30,634
10,572
20,062
3,086
1,671
45-310

39,675
12,424
27,251
3^335
1,913
50,757

46,123
14,331
31,792
3,'882
2,146
55,920

45,701
15,539
30,162
4,776
2,587
62,510

37,356

40,818

46,981

52,670

58,066

65,097

29,120

30,479

36,484

37,560

39,678

50,775

8,236

10,339

10,497

15,110

18,388

14,322

36,514

39,562

45,310

50,757

55,920

62,510

Addenda:
Dividends in national income 13
(1-7-10).
Dividends paid by domestic cor- 14
porate business (net) (2 less 7).
Dividends paid to United States 15
by rest of the world (net) (5
less 10).
Dividends in personal income (13 16
less 11).

1
Earnings of foreign residents from their unincorporated U.S. affiliates are treated as dividends paid by domestic corporate business (line 2) and as dividends received by the rest of the world
(line 210).
Earnings of U.S. residents from their unincorporated foreign affiliates are treated as dividends paid by the rest of the world (line 5) and as dividends received by domestic corporate business
(line 7).




122

SURVEY OF CURRENT BUSINESS

July

Table 8.7,—Interest Paid and Received
[Millions of dollars]
Line
Monetary interest paid

,

Business ,
„
Corporate business
;
Financial
.
,
On deposits *
,
On other liabilities....
Nonfinancial.....
,
Sole proprietorships and partnerships
Farm
Nonfarm.,. ,
„.,
Other private business
Real estate
Other

,

,

293,020

411,705

533,526

667,867

873,094

210,926
139,755
82,506
55,426
27,080
57,249
20,966
5,906
15,060
50,205
49,320

,

241,735
159,967
95,022
62,660
32,362
64,945
23,436
6,954
16,482
58,332
57,284
1,048

298,693
201,988
122,356
74,217
48,139
79,632
27,885
8,396
19,489
68,820
67,561
1,259

390,788
272,257
168,235
94,624
73,611
104,022
36,363
10,629
25,734
82,168
80,366
1,802

494,764
352,847
225,085
123,662
101,423
127,762
46,352
13,240
33,112
95,565
93,036
2,529

649,071
479,816
318,758
171,181
147,577
161,058
60,427
16,668
43,759
108,828
105,717
3,111

30,725

37,377

45,468

49,877

55,110

15
16
17

44,654
32,143
12,511

49,063
35,381
13,682

43,486
14,898

70,874
53,634
17,240

87,465
67,215
20,250

115,087
91,387
23,700

18
, 19
20

10,760
9,428
1,332

12,807
11,182
1,625

17,251
15,408
1,843

26,396
24,104
2,292

35,761
33,212
2,549

53,826
50,161
3,665

21

293,020

334,330

411,705

533,526

667,867

873,094

22
23
24
25
26
27

176,783
174,159
154,154
20,005
2,537
87

201,699
198,903
174,979
23,924
2,695
101

253,095
249,706
217,964
31,742
3,252
137

326,084
321,681
275,500
46,181
4,198
205

409,647
404,051
344,781
59,270
5,307
289

535,322
528,082
449,055
79,027
6,884
356

•,..,....,
,

-

„..,;

14
,

,
„....,.,„„

Foreigners
To business
..„
To Federal government...

,

.;..,.,

Monetary interest received
Business
...,;.
,
Corporate business
,
Financial
,
Nonfinancial
,
,
Financial sole proprietorships arid partnerships 2.....
Other private business...,..,..,
,
,..,„

,

Persons2
Government
Federal.........
State and local

,

,..,

,

Foreigners
,
From business
,
From Federal government

28

88,412

101,770

116,921

145,408

180,378

236,915

„ 29
30
81

18,767
4,995
13,772

20,867
5,731
15,136

25,713
7,703
18,010

36,565
10,888
25,677

45,402
13,716
31,686

56,674
19,091
37,583

32
33
34

9,058
4,538
4,520

9,994
4,452
5,542

15,976
7,302
8,674

25,469
14,393
11,076

32,440
19,928
12,512

44,183
27,435
16,748

,
,
„.,

Imputed interest paid.
Corporate business (financial).
Banks, credit agencies, and investment companies...
Life insurance carriers and noninsured pension funds.....

35

59,782

68,252

83,368

98,355

111,468

125,522

36
.,.....„,.. 37
38

59,782
37,642
22,140

68,252
41,942
26,310

51,897
31,471

98,355
61,233
37,122

111,468
66,516
44,952

125,522
70,448
55,074

39

59,782

68,252

83,368

98,355

111,468

125,522

40
41
42
43
44
45
46
47

12,922
9,829
2,123
7,706
3,044
765
2,279
49

14,123
11,330
2,446
8,884
2,734
767
1,967

17,243
13,939
2,923
11,016
3,231
914
2,317
73

21,289
17,386
3,486
13,900
3,812
1,083
2,729
91

24,719
20,370
4,286
16,084
4,243
1,218
3,025
106

30,009
24,798
5,261
19,537
5,077
1,477
3,600
134

48

44,111

51,027

62,436

73,319

83,043

92,067

,.. 49
50
51

2,749
379
2,370

3,102
554
2,548

3,689
603
3,086

3,747
347
3,400

3,706
362
3,344

3,446
420
3,026

52
53

87,225
40,134

102,520
43,521

121,672
49,710

153,773
59,798

187,699
74,953

235,653
98,339

54
55
56

21,516
26,680
132,523

23,969
30,725
152,797

29,402
37,377
179,357

40,312
45,468
218,727

49,108
49,877
263,421

60,120
55,110
328,982

57

6,222

9,949

12,003

15,833

26,391

Imputed interest received
Business.....
,
Corporate business
,.
Financial..........
Nonfinancial
„
Sole proprietorships and partnerships
Farm
,
Nonfarm.
,.,.,.....,
Other private business

,
,

„.

.,.,
,;„.,..,.,..,.
,

.„

,

Persons
Government
Federal
State and local

1981

1

.,

,

1980

1979

2
3
4
5
6
7
8
9
10
11
12
13

Persons (interest paid by consumers to business)
Government..
Federal
State and local

1978

...

.......
,

1977

1976

'.'..

Addenda:
Net interest (3+8 + 11 + 18-23-26-27-33+36-41-44-47)
Plus: Interest paid by government to persons and business
(15-34).
*....-.
Less: Interest received by government (29+49).,...
,
Plus: Interest paid by consumers to business (14)..............
Equals: Personal interest income (52+53-54+55) or (28+48)
Rest of the world net interest (18-33)
1
2

,

,

Consists of interest paid on the deposit liabilities of commercial and mutual saving banks, savings and loan associations, and credit unions.
Interest received by nonfinancial sole proprietorships and partnerships is considered interest received by persons and is included in line 28.




123

SURVEY OF CURRENT BUSINESS

July

Table 8.8.—Imputations in the National Income and Product Accounts
[Billions of dollars]
Line

' 1977

1976

1978

1980

1979

1981

.

1
Gross national product
Imputations (74 + 82 + 87 + 91 + 2
92 + 95+96+97 + 98 + 100).
Excluding imputations (1 — 2)
3

Personal consumption expenditures.
Imputations (74 + 82+87 + 91 +
95+96+97+98-99-101).
Housing services (74 + 82-99).
Other
(87 + 91 + 95+96 +
97+98-101).
Excluding imputations (4 — 5)

1,718.0
134.7

1,918.3
150.4

2,163.9
173.1

2,417.8
197.2

2,633.1
221.2

2,937.7
240.1

1,583.4

1,767.9

1,990.7

2,220.6

2,411.9

2,697.6

4

1,084.3

1,204.4

1,346.5

1,507.2

1,667.2

1,843.2

5

63.4

60.0

69.4

89.1

128.1

145.5

6
7

36.8
26.6

30.2
29.8

32.3
37.1

45.5
43.6

81.6
46.5

99.1
46.4

8

1,020.9

1,144.4

1,277.1

1,418.1

1,539.1

1,697.7

Gross private domestic invest- 9
ment.
Imputations (99 + 100 + 101). ... 10
Excluding imputations (9-10).... 11

257.9

324.1

386.6

423.0

402.3

471.5

68.5
189.4

87.3
236.8

100.0
286.6

104.3
318.7

89.4
312.9

91.2
380.4

Government purchases of goods 12
and services.
Imputations (92)
13
Excluding imputations (12 — 13) .. 14

362.1

393.8

431.9

474.4

538.4

596.9

27
359.4

31
390.7

37
428.2

37
470.6

37
534.7

34
593.5

Charges against gross national 15
product.
Imputations (74 + 82+87 + 91 + 16
92+95+96+97+98+100).
Excluding imputations (15—16) .. 17

1,718.0

1,918.3

2,163.9

2,417.8

2,633.1

2,937.7

134.7

150.4

173.1

197.2

221.2

240.1

1,583.4

1,767.9

1,990.7

2,220.6

2,411.9

2,697.6

Capital consumption allowances 18
with capital consumption adjustment.
Imputations (75+83+88)
19
Excluding imputations (18—19).. 20

175.0

195.2

222.5

256.0

293,2

330.1

30.2
144.8

34.9
160.3

40.6
181.9

47.3
208.7

53.1
240.1

58.0
272.1

Indirect business tax and nontax 21
liability.
Imputations (76+84 + 89)...
22
Excluding imputations (21-22).. 23

151.7

165.7

178.2

189.6

213.0

251.3

23.2
128.5

25.5
140.2

25.9
152.3

26.2
163.4

27.9
185.1

30.7
220.6

Subsidies less current surplus of 24
government enterprises.
Imputations (77)
25
Excluding imputations (24 — 25).. 26

1.0

3.1

3.7

3.4

5.5

6.6

02
0.8

01
2.9

01
3.6

01
3.2

01
5.3

02
6.4

National income
,, .,
27
Imputations (78+79 + 85 + 86+ 28
90+91+92+95
+ 96+97 + 98+100).
Excluding imputations (27-28).. 29

1,379.2
81.4

1,550.5
90.1

1 7603
106.8

1,966.7
123.8

2,117.1
140.3

2,352.5
151.6

1,297.9

1,460.4

1,653.5

1,842.9

1,976.7

2,200.8

30
Compensation of employees
Imputations (96 + 97+98) .,
31
Excluding imputations (30-31) .. 32

10363
40
1,032.4

1 152 1
41
1,148.0

1 301 1
46
1,296.5

1 458 1
53
1,452.9

15986
5.9
1,592.8

1,767 6
6.5
1,761.1

Proprietors' income with inven- 33
tory valuation and capital consumption adjustments.
Imputations (86+95+100)
34
Excluding imputations (33-34) .. 35

94.1

103.9

118.5

132.1

116.3

124.7

3.8
90.3

4.6
99.3

5.1
113.5

5.9
126.2

6.0
110.3

6.5
118.2

Rental income of persons with 36
capital consumption adjustment.
Imputations (79)
37
Excluding imputations (36—37).. 38

23.5

24.8

26.6

27.9

32.9

33.9

107
12.8

81
16.7

80
18.6

73
20.7

9.5
23.4

99
24.0

Net interest
39
Imputations (78+85+90+91 + 40
92).
Excluding imputations (39—40) .. 41

872
62.9

1025
73.3

1217
89.1

1538
105.3

1877
119.0

2357
128.7

Personal income.
Imputations
(79+86+91+95 +
96+97+98+100-77).
Excluding imputations (42—43)

68.7

106.9

42
43

1 391 2
40.2

1 540 4
41.4

1 732 7
48.6

1 951 2
54.5

2 160 4
59.3

2 415 8
59.7

24.3

29.2

32.6

48.4

44

1,351.0

1,499.0

1,684.1

1,896.6

2,101.1

2,356.1

Interest received by government........ 45
Imputations (92)
,. , .... ,,.,,,.. 46
Excluding imputations (45—46)
47

21.5
27
18.8

24.0
31
20.9

29.4
37
25.7

40.3
37
36.6

49.1
37
45.4

60.1
34
56.7

Interest paid by consumers to busi- 48
ness.
Imputations ( 78 ' 85 90)
49
50
Excluding imputations (48-49)

26.7

30.7

37.4

45.5

49:9

55.1

38 2
64.9

45 5
76.2

54 4
91.8

65 4
_ 110.9

77 2
127.1

88 3
143.4

Government transfer payments to 51
persons.
Imputations ( 77)
52
Excluding imputations (51 — 52) ...... 53

186.4

199.3

214.6

240.0

285.8

323.9

02
186.5

01
199.4

01
214.7

01
240.1

01
286.0

02
324.2




124

July

SURVEY OF CURRENT BUSINESS
Table 8.8.—Imputations in the National Income and Product Accounts—Continued
[Billions of dollars]
Line

1977

1976

1978

1979

1981

1980

Personal taxes, outlavs, and saving . 54
Imputations
(79 + 86 + 91 + 95 + 55
96+97+98 + 100-77).
Excluding imputations (54 — 55).
56

1,391.2
40.2

1,540.4
41.4

1,732.7
48.6

1,951.2
54.5

2,160.4
59.3

2,415.8
59.7

1,351.0

1,499.0

1,684.1

1,896.6

2,101.1

2,356.1

Personal tax and nontax payments... 57
Imputations ( 76 84 89)
58
Excluding imputations (57 - 58)
59

196.8
23 2
220.1

226.4
25 5
251.9

258.7
259
284.6

301.0
26 2
327.2

336.3
27 9
364.2

386.7
30 7
417.4

Disposable personal income
... 60
Imputations
(76 + 79 + 84+86 + 61
89 + 91 + 95 + 96+97+98 + 10077).
Excluding imputations (60—61)
62

1,194.4
63.5

1,314.0
66.9

1,474.0
74.5

1,650.2
80.7

1,824.1
87.2

2,029.1
90.4

1,130.9

1,247.1

1,399.5

1,569.5

1,736.9

1,938.7

Personal outlays
63
Imputations
(75+76+79 + 83 + 64
84+86+88+89+91+95+96+9
7+98-77-99-101):
Excluding imputations (63 — 64)
65

1 111.9
25.2

1,236.0
14.5

1,384.6
15.0

1 553 5
23.7

17179
50.9

1,898 9
57.2

1,086.7

1,221.5

1,369.6

1,529.8

1,667.0

1,841.7

Personal saving
66
Imputations (99 + 100 + 101-75- 67
83-88).
Excluding imputations (66 — 67)
68

825
38,3

780
52.4

894
59.5

967
57.0

1062
36.3

1302
33.2

44.2

25.6

29.9

39.7

69.9

97.0

Gross investment, or gross saving 69
and statistical discrepancy.
Imputations (99 + 100+101).... .. .. 70
Excluding imputations (69—70).
71

263.0

310.4

372.3

421.2

410.2

475.6

685
194.5

873
223.2

100.0
272.3

1043
316.9

894
320.7

91 2
384.4

111 1

1247

1412

1599

181 5

201 7

16.3

19.0

21.7

24.5

26.1

. 28.8

94,7

105.7

119.5

135.4

155.4

172.9

75

24.6

28.7

33.6

39.3

44.1

48.2

76

23.0

25.3

25.6

25.8

27.4

30.1

77
78
79

02
866
10.7

01
438
8.1

01
52 5
8.0

01
63 2
7.3

01
74 5
9.5

02
84 9
9.9

80

48

59

66

78

91

102

Less: Intermediate goods and 81
services consumed.
Equals: Gross housing product 82
(83 + 84 + 85+86).

1.1

1.5

1.8

2.0

2.4

3.7

4.3

4.8

5.8

6.7

83

1.1

1.3

1.4

1.6

1.8 i

Specific imputations
Owner-occupied nonfarm housing:
Space rent

72

Less: Intermediate goods and 73
services consumed.
Equals: Gross housing product 74
(75+76+78+79-77).
Capital consumption allowances with capital consumption adjustment.
Indirect business tax and
nontax liability.
Subsidies
Net interest
Rental income of persons with
capital consumption adjustment.
Owner-occupied farm housing:
Space rent

..

Capital consumption allowances with capital consumption adjustment.
Indirect business tax and
nontax liability.
Net interest
...
Proprietors' income with inventory valuation and capital
consumption adjustments.

2.6
\'

.

7.6
1.9

84

0.2

0.2

0.2

.0.3

03
2.0

03
2.5

04
2.8

0.2
05
3.5

0.2

85
86

06
4.2

07
4.8

Rental value of buildings and 87
equipment owned and used by
nonprofit institutions serving individuals (88 + 89+90).

5.8

6.3

7.2

8.3

9.6

11.0

Capital consumption allowances 88
with capital consumption adjustment.
Indirect business tax and nontax 89
liability.
Net interest
90

4.5

4.9

5.6

6.4

7.2

7.9

0.0

0.1

0.1

0.2

0.3

0.4

13

14

15

17

21

27

220
27

247
31

31 0
37

36 2
37

38 1
37

37 0
34

Services furnished without payment by financial intermediaries
except life insurance carriers:
To persons
To government

91
92

Farm products consumed on farms 93

1.3

1.2

1.2

1.3

1.2

1.2

Less: Intermediate goods and serv- 94
ices consumed.
Equals: Gross farm product..
95

0.7

0.6

0.6

0.7

0.7

0.6

06

05

06

06

05

05

Employment-related:
Food furnished employees, includ- 96
ing military and domestic service.
Standard clothing issued to mili- 97
tary personnel.
Employees' lodging
98

3.9

4.0

4.5

5.2

5.7

6.3

0.1

0.1

0.1

0.1

0.1

0.1

00

00

00

00

00

ft ft

61.6

79.8

92.1

95.8

80.5

81.4

1.1
5.7

1.5
5.9

1.7
6.2

1.8
6.8

1.3
7.6

1,2
8.6

Other:
Net purchases of owner-occupied 99
housing units.
Margins on owner-built homes.....
100
Net purchases of buildings and 101
equipment owned and used by
nonprofit institutions.

NOTE,—Only national income and product items for which there are imputations are shown in this table.




125

SURVEY OF CURRENT BUSINESS

July

Table 8.9.—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]
Line

19T6

1977

1978

1979

1981

1980

Corporations
Depreciation and amortization, IRS

1

94,143

107 954

122 489

139 470

Less* Depreciation of assets of foreign branches
Depreciation or amortization of intangible assets
Depreciation of films .
... ... ,„
..... ...
,
Plus' Accidental damage to fixed capital other than repairable damage
Depreciation of mining exploration, shafts, and wells.........
Depreciation of employees' autos reimbursed by business
Other

2
3
4
5
6
7
8

1722

1943

811
603

886
801

2175
1032

2 447
1 108

., ... .

1296
3,378
1034

1 063
3,042
1005

984

669

1347
3,858
1,150

1406
4,612
1200

205

165

213

265

96 322
13 539
109,861

110 197
11 270
121,467

124 866
12725
137,591

142 729
14772
157,501

12

27,699

30962

36 068

42 314

13
14
15
16
.<
17
..... 18
19

8845

9796

11447

12652

232

20
Equals' Capital consumption allowances, NIPA's
Less* Capital consumption adjustment
...
,. .
., 21
Equals: Capital consumption allowances with capital consumption adjustment, NIPA's.,.. 22

24,597
—4,441
29,038

9
10

Equals' Capital consumption allowances NIPA's

Equals: Capital consumption allowances with capital consumption adjustment, NIPA's .... 11

163 391
17 830
181,221

189 377
16832
206,209

9577

10440

43 620
-6675
50,295

51 339
5497
56,836

Sole proprietorships and partnerships
Depreciation and amortization IRS

.

Ijess* Tax return measure of farm depreciation and amortization
Depreciation or amortization of intangible assets
Allowance for audit ..
,,
...
,
.....
Plus" Accidential damage to fixed capital other than repairable damage
Depreciation of mining exploration, shafts, and wells ,..,,.,.,
Capital consumption allowances of farms..
. ...
. .....
Depreciation on employees' autos reimbursed by business

....
... .
.

oqo

233
991
176
308

243

248

1274

1705

218
422

220
594

235
837

6883

7661

8578

232

267

286

27 585
—4,900
32,485

31 846
5441
37,287

37 645
—5732
43,377

1 103

6,251

Table 8.10.—Relation of Nonfarm Proprietors' Income in the National Income and Product Accounts (NIPA's) to Corresponding Totals as
Published by the Internal Revenue Service (IRS)
[Millions of dollars]
Line

1976

1977

1979

1978

1980

Net profit (less loss) of nonfarm proprietorships and partnerships, plus payments to
partners, IRS.

1

56,779

64,954

70,177

74,745

Plus1 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
Income of tax-exempt cooperatives
...

2
3
4
5
6
7
8

16032

16929

18 535

721
303
2

778
995
1

1804

21 028
1197
2269

1484

1209

1487

1580

446

456

474

487

1301

1 446

1652

1878

Equals: Nonfarm proprietors' income, NIPA's

9

77,068

86768

94,888

103,186

.

.<

758
1

1981

2

99,900

100,276

Table 8.11.—Relation of Net Farm Income in the National Income and Product Accounts (NIPA's) to Farm Operators' Income as Published by the
U.S. Department of Agriculture (USDA)
[Millions of dollars]
Line

1976

1978

1977

1981

1980

1979

1

18 682

18,417

26,660

32,351

20,149

25,114

Plus: Depreciation and other consumption of farm capital USDA
Less: Salaries of corporate officers....
,,
;
Supplements to wages and salaries other than OASDHI 1
Capital consumption allowances with capital consumption adjustment, NIPA's
Federal
fines
..
....
.
.
..... • ..

2
3
4
5
6

13,042

14 726

16,244

18,416

20,506

688
564

803
654

887
740

988
809

22,198
1,100

11,141

12,570

14,226

16,322

18,824

20,814

Equals* Net farm income NIPA's

7

19482

19 320

27 220

32 817

20 033

24 575

Corporate profits with inventory valuation and capital consumption adjust- 8
ments.
Proprietors' income with inventory valuation and capital consumption adjust- 9
ments.

393

264

913

892

642

620

19,089

19,056

26,307

31,925

19,391

23,955

Farm operators' income, USDA

1

.

.

623
477
1

1

OASDHI consists of employer contributions to old-age, survivors, disability, hospital, and supplementary medical insurance.




1

1

1

822
1

126

SURVEY OF CURRENT BUSINESS

July

Table 8.12.—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]
Line

1976

1977

1978

1979

1980

1

186 497

219 523

247 406

282 964

Plus: Posttabulation ammendments and revisions, including allowance for audit profits 2

11728

10134

10 952

13 750

6755
6,321

Total reeeipts less total deductions, IRS
1

and gross renegotiation refunds.
Depletion on domestic minerals
,. .
Adjustment to depreciate expenditures for mining exploration, shafts, and wells
Oil well bonus payments written off .,
. .... . ,
,
State and local cororate profits tax accruals
Income of Federal Reserve banks and other federally sponsored credit agencies.
Adjustment for insurance carriers and mutual depositary institutions .......... ..
Bad debt adjustment

3
4
5
6
7
S
9

4,809
3,022

4990
3,906

5681
5,092

623

411

405

506

9 267
6,289
1845
5792

11 084
6,612
2344
6601

11 900
8363
2448
7360

13 412
10 388
2936
8 402

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
Plus1 Income received from equities in foreign corporations and branches by all U.S
residents, net of corresponding outflows.

10
11
12
13
14

10347
12356
49826
1 611
14273

13994
13 032
52 774
1 554
15149

16741
13321
53683
1576
19,728

20973
16825
77999
1695
30,606

Equals* Profits before taxes NIPA's

15

166 315

194 712

229 118

252 676

16

83,005

96340

107,888

120,047

Plus* Posttabulation amendments and revisions including results of audit and renegoti- 17
ation and carryback refunds.
18
Amounts paid to U S Treasury by Federal Reserve banks ,.
. ...
19
State and local corporate profits tax accruals
....

951

1057

7

739

5,871
9267

5937
11084

7,006
11900

9279
13412

24 250
9,088

10

26 844
11 038
1723

27492
12,897~
3 174

38 203
14635
1564

... 23

63,844

72,699

83238

24

102,471

122 013

25

55,511

61,537

Plus* Posttabulation amendments and revisions
.. ,. ,,,
..
,, .. ... ...
,. 26
Dividends paid by Federal Reserve banks and other federally sponsored credit 27
agencies.
28
U S receipts of dividends from abroad net of payments to abroad *

712
189

Federal income and excess profits taxes IRS

•••

Less* U S tax credits claimed for foreign taxes paid
Investment tax credit ... .
..
Other tax credits
•

••

20
.... ........ ,
. . . . .

Equals* Profits tax liability NIPA's

...

,..,.....,.,,. 21
22
, ..

Profits after tax NIPA's (15—23)
Dividends paid in cash or assets, IRS

•

..

1981

242 446

232 076

87597

84,652

81,175

145,880

165,079

157,794

150,901

69,133

83,139

900
209

272
267

1,980

4,018

5195

5,037

6761
34104
1 447

301

Less1 Dividends received by U S corporations ^
..
Capital gains distributions of investment companies

29
30

22637

24604

26482

437

619

702

Equals* Net dividend payments NIPA's

31

37 356

40,818

46 981

52 670

58 066

65 097

Undistributed profits NIPA's (24 31)

32

65 115

81 195

98 899

112 409

99 728

85 804

1
In Tables 6.24 and 8.6, earnings of U.S. residents from their unincorporated foreign affiliates and the earnings of foreign residents from their unincorporated U.S. affiliates are treated as
dividends. These earnings are not included in lines 28 and 29 of this table. Net dividend payments (line 31), however, is identical to the total shown in Table 6.24 and to dividends paid in national
income (line 13) in Table 8.6.

Table 8.13.—Comparison of Personal Income in the National Income and Product Accounts (NIPA's) with Adjusted Gross Income as Published by
the Internal Revenue Service (IRS)
[Millions of dollars]
Line

1976

1980

1979

1978

1977

1

1,053,896

1,158,492

1,302,447

1,463,667

1,606,266

2

354 438
175,213

396456
187,143

440 918
200,569

499,482
222,608

564,007
264,706

6

74,822
40,241
22,140

88,289
41,376
26,310

101,178
48,593
31,471

113,327
54,545
37,122

125,439
59,299
44,952

7
8
9

10,312
6,692
25018

12,463
12,084
28791

14,297
13,098
31712

16,391
21,127
34362

18,790
12,106
38715

Less* Portion of adjusted gross income not included in personal income
Personal contributions for social insurance . V..
Net gain from sale of assets
Taxable private pensions
Small business corporation income
.. ...... ...
......
Other income in adjusted gross income but not in personal income .

10
11
12
13
14
15

95,368
55,485
18717
15,899
1,876
3391

109 485
61,113
21361
19,082
1,973
5956

126 490
69,769
24488
22,215
2 285
7733

146 387
81 107
27719
25,363
2315
9883

160 641
88 686
28 491
29,440

Plus" Difference between BEA and IRS measures of adjusted gross income 1

16

78226

94,944

115 798

134 408

150,769

Equals! Personal income, NIPA's

17

1,391,192

1 540,407

1,732,673

1,951,170

2,160,401

Adjusted gross income IRS

. . . . . . . . . . ... ...

Plus* Portion of personal income not included in adjusted gross income
Transfer payments except taxable military retirement and taxable government
pensions.
Other labor income except fees.
,
,. . .....
...
Imputed income in personal income
. . .. ... ... ..
.. .
.. ...
Investment income retained by life insurance carriers and noninsured pension
funds.
Investment income received by nonprofit institutions or retained by fiduciaries
Differences in accounting treatment between NIPA's and tax regulations, net. .......

.

3
4

5

940
13084

1
Consists of income earned by low-income individuals who are not required to file income tax returns, unreported income identified by IRS audit programs that is included in the NIPA
measure, and gross errors and omissions in lines 2 through 15. Also includes the net effect of errors in the IRS adjusted gross income (line 1) and NIPA personal income (line 17) measures. Such
errors can arise from the sample used by IRS to estimate line 1 and from the data sources used by BEA to estimate line 17.




July

127

SURVEY OF CURRENT BUSINESS

9. Seasonally Unadjusted Estimates
Table 9.1.—Gross National Product, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted
Line

1977

I
Gross national product.. ..

1978

II

HI

IV

I

1979

II

III

IV

I

1980

II

III

IV

I

II

1981

*

III

IV

I

II

III

IV

437.2

474.5

489.4

517.3

486.5

537.2

550.4

589.8

560.8

596.7

610.4

649.8

619.8

645.3

659.0

709.0

686.7

727.2

745.0

778.8

expendi- 2

275.5

296.7

303.9

328.3

305.5

332.0

340.6

368.4

346.9

367.6

379.7

413.0

391.0

403.5

416.8

456.0

431.0

451.7

465.2

495.4

3
4
5

37.4
105.4
132.7

45.2
117.5
134.0

44.7
120.0
139.2

50.9
135.9
141.5

40.9
115.5
149.1

51.8
128.2
151.9

50.3
133.0
157.3

57.3
151.5
159.6

,47.2
130.9
168.8

53.2
144.7
169.7

53.4
151.0
175.3

59.7
173.4
179.9

49.1
152.2
189.7

49.5
163.1
190.8

52.3
165.5
199.0

63.4
189.5
203.0

52.8
164.5
213.7

57.8
179.9
213.9

59.6
184.3
221.2

64.3
205.8
225.3

Gross private domestic investment... 6

70.6

80.0

86.6

86.8

83.8

99.4

101.1

102.3

98.3

110.0

109.2

105.5

98.6

101.5

99.5

102.7

106.9

123.6

124.2

116.9

Fixed investment
Nonresidential
Structures . . . . .
. .....
Producers' durable equipment.
Residential
Nonfarm structures.. ........
Farm structures
Producers' durable equipment.
Change in business inventories
Nonfarm. ;,.;, .. ..
Farm

7
8
9
10

63.7
46.7
13.6
33.1

77.0
51.8
15.6
36.3

78.8
50.4
17.2
33.3

81.6
56.2
18.0
38.2

75.5
54.9
15.7
39.1

92.4
63.3
19.0
44.3

94.9
62.4
21.2
41.2

97.4
68.3
22.8
45.5

90.9
67.1
19.9
47.2

103.4
72.7
23.3
49.5

106.5
72.5
26.6
45.9

108.0
77.8
28.5
49.3

98.2
74.6
24.8
49.8

100.8
76.9
27.0
49.9

103.0
75.7
28.6
47.2

110.3
81.9
30.2
51.7

102.9
79.3
26.7
52.5

115.9
87.2
31.2
56.0

114.5
86.4
34.5
52.0

117.7
93.2
37.3
55.9

11
12
18
14

17.0
16.2
0.3
0.5

25.1
24.1
0.5
0.6

28.3
27.3
0.5
0.6

25.4
24.4
0.3
0.6

20.6
19.7
0.3
0.6

29.0
28.1
0.3
0.6

32.5
31.3
0.6
0.6

29.1
27.9
0.5
0.7

23.8
22.9
0.3
0.7

30.7
29.7
0.3
0.7

33.9
32.7
0.5
0.7

30.2
28.8
0.6
0.8

23.6
22.2
0.6
0.7

23.9
22.8
0.4
0.7

27.3
26.2
0.3
0.8

28.4
27.1
0.5
0.8

23.7
22.6
0.2
0.8

28.7
27.5
0.4
0.8

28.1
26.7
0.7
0.8

24.5
23.0
0.7
0.8

15
16
17

6.9
6.7
0.2

3.1
2.8
0.2

7.8
7.6
0.2

5.2
4.8
0.4

8.3
8.1
0.2

7.0
6.8
0.2

6.2
5.9
0.3

4.9
4.6
0.3

7.4
6.1
1.3

6.6
5.2
1.4

2.8
1.0
1.8

-2.5
38
1.3

0.4
0.8
-0.4

0.7
1.8
-1.1

-7.6
-6.2
14

4.0
3.4
0.6

7.7
6.3
1.3

9.6
7.8
1.8

-0.8
-2.6
1.8

Personal
tures.

consumption

Durable goods
Nondurable goods

Net exports of goods and services „.. 18

:

-2.9

-3.5
-2.1
-1.5

,

.--2.7

0.0

4.5

4.7

3.4

0.3

4.8

3.6

6.9

6.4

8.3

7.6

6.5

3.9

8.2

19
20

43.9
44.3

47.7
47.2

44.9
47.5

46.3
47.8

48.2
50.9

55.0
55.0

53.5
56.4

62.1
57.5

63.6
58.9

68.7
65.3

69.9
69.6

79.1
74.3

83.7
80.2

86.1
79.2

81.4
75.0

88,0
79.6

90.9
83.3

94.0
87.5

89.4
85.5

93.2
85.0

Government purchases of goods 21
and services.

91.4

97.2

101.4

103.7

99.9

105.8

111.6

114.6

111.0

115.6

121.2

126.5

126.7

133.3

136.3

142.1

141.2

145.5

151.8

158.4

22
23
24
25

33.6
22.7
10.9
57.9

35.1
23.1
12.0
62.1

36.3
23.4
12.9
65.1

38.4
23.6
14.8
65.3

36.4
23.9
12.5
63.5

36.9
24.9
12.0
69.0

38.7
25.5
13.?
73.0

41.7
26.1
15.6
72.9

40.8
26.6
14.1
70.2

40.2
27.3
13.0
75.4

41.5
28.2
13.2
79.8

45.9
29.7
16,2
80.6

47.2
31.7
15.5
79.5

49.0
32.4
16.6
84.3

47.7
32.7
15.1
88.6

53.2
34.5
18.7
88.8

54.0
35.8
18.2
87.2

53.9
37.5
16.3
91.6

56.9
38.7
18.2
94.8

64.1
41.7
22.5
94.3

26
27

431.4
430.3

468.5
471.4

483.8
481.5

511.2
512.1

479.4
478.1

530,5
530.1

543.8
544.2

580.6
584.9

551.4
553.4

586.4
590.1

599.8
607.7

637.5
652.3

.607.3
619.4

633.4
644.6

648.7
662.5

697.6
716.6

674.6
682.7

715.5
719.6

733.6
735.4

764.9
779.6

II

III

IV

Exports
Imports.

Federal
National defense ..... ..... . ..... . .....
Nondefense
State and local

-0.4

0.5

-2.6

-1.5

Addenda:
Gross domestic product
Final sales . . .

,

Table 9.2.—Personal Consumption Expenditures by Major Type of Product, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted

1977'

Line

I

1978

II

III

IV

I

1979

II

III

IV

I

1981

1980

II

III

IV

I

: II

III

IV

I

Personal consumption ex- 1
penditures.

275.5

296.7

303.9

328.3

305.5

332.0

340.6

368.4

346.9

367.6

379.7

413.0

391.0

403.5

416.8

456.0

431.0

451.7

465.2

495.4

2

37.4

45.2

44.7

50.9

40.9

51.8

50.3

57.3

47.2

53.2

53.4

59.7

49.1

49.5

52.3

63.4

52.8

•XS7.8

59.6

64.3

3
Motor vehicles and parts
Furniture and household equip- 4
ment.
Other
5

18.2
13.6

22.9
15.6

22.1
16.0

21.7
20.5

20.2
14.5

26.9
17.3

24.8
17.9

23.9
23.2

23.3
16.8

25.4
19.3

24.7
20.3

23.1
25.5

23.0
18.3

21.0
19.8

22.5
20.7

23.3
27.5

24.1
19.9

25.0
22.4

26.6
22.7

22.7
28.3

5.6

6.7

6.7

8.7

6.2

7.6

7.7

10.2

7.1

8.5

8.4

11.1

7.8

8.7

9.1

12.6

8.7

10.3

10.3

13.2

6

105.4

117.5

120.0

135.9

.115.5

128.2

133.0

151.5

130.9

144.7

151.0

173.4

152.2

163.1

165.5

189.5

164.5

179.9

184.3

205.8

7
8
9
10
11
12

53.6
17.6
10.8
23.4
3.9
19.5

62.2
19.4
12.5
23.4
2.0
21.4

65.6
18.8
12.8
22.8
1.7
21.1

68.4
26.8
12.0
28.6
3.1
25.5

62.2
16.9
11,3
25.0
4.3
20.7

68.4
21.3
12.8
25.7
2.3
23.4

71.2
22.4
13.6
25.8
1.9
23.9

74.1
31.7
13.5
32.2
3.4
28.8

70.0
19.2
13.6
28.1
4.9
23.2

77.2
23.1
15.6
28.7
3.0
25.7

79.9
23.7
18.6
28.8
3.0
25.8

84.4
33.0
18.8
37.2
5.3
31.9

78.8 i 84.7
24.0
20.6
20.2
22.6
31.9
32.7
6.8
3.6
25.9
28.2

87.2
24.6
21.6
32.1
3.1
28.9

93.0
35.5
22.6
38.4
5.4
33.0

86.4
22.3
21.8
34.0
7.1
26.9

93.9
27.2
24.1
34.8
3.9
31.0

95.9
27.4
26.3
34.8
3.3
31.5

99.1
37.7
24.7
44.2
5.4
38.8

13

132.7

134.0

139.2

141.5

149.1

151.9

157.3

159.6

168.8

169.7

175.3

179.9

189.7

190.8

199.0

203.0

213.7

213.9

221.2

225.3

51.6
20.7
9.1
11.6
13.1
66.5

53.4
21.6
9.6
12.0
13.4
69.0

54.8
22.8
10.5
12.3
12.9
69.1

56.3
27.8
15.4
12.4
12.7
72.0

60.0
23.5
10.5
13.1
14.8
77.1

61.9
25.3
12.0
13.3
14.6
78.2

63.6
30.5
17.0
13.5
14.7
80.9

.65.5
25.4
11.7
13.6
15.7
84.2

67.6
27.1
13.3
13.8
16.6
87.7

69.3
28.7
14.5
14.2
15.9
89.1

71.0
35.4
20.7
14.7
15.8
91.5

72.9
29.2
13.9
15.3
16.5
95.4

74.9
31.1
15.4
15.8
17.0
98.2

76.6
33.2
16.8
16.4
16,2
99.3

Durable goods

Nondurable goods
Food
.. .....
Clothing and shoes
Gasoline and oil ..
Other nondurable goods
Fuel oil and coal
Other....
Services
Housing , ,
Household operation
Electricity and SBS
Other
.. ...
Transportation
•
Other,..
.. .




, 14
15
16
17
18
«
19

44.7
22.3
12.2
10.2
10.5
55.2

45.8
18.4
7.9
10.5
11.7
58.1

47.1
19.6
8.8
10.8
12.3
60.1

48.2
20.7
9.6
11.2
11.9
60.7

49.8
25,0
13.7
11.3
11.8
62.5

57.9
22.7
10.0
12.7
14.3
74.8 ,

128

July

SURVEY OF CURRENT BUSINESS
Table 9.3.—Federal Government Receipts and Expenditures, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted

I
Receipts
Personal tax and nontax receipts ......
Corporate profits tax accruals
Indirect business taxes and nontax
liability.
Contributions for social insurance
Expenditures
Purchases of goods and services....
National defense
Nondefense
Transfer payments . ..
To persons
To foreigners.
,

1978

1977

Line

II

III

IV

1980

1979

I

II

III

IV
105.5

1

: 87.7

103.5

95.8

88.2

95.4

119.5

111.2

2
3
4

36.3
13.2
5.8

47.7
16.6
6.2

44.7
16.0
6.6

41.3
15.8
6.4

37.6
13.6
6.3

54.8
19.1
7.2

52.8
18.8
7.8

I

I

II

III

IV

115.0

136.1

124.3

118.3

127.1

47.0
17.9
7.1

65.6
19.7
7.3

57.7
18.0
7.6

.53.5
19.0
7.5

49.7
19.9
7.4

60.3
18.6
7.4

1981

II

III

IV

143.5

136.3

133.9

147.3

67.8
17.1
10.4

65.1
18.2
11.8

61.4
18.0
14.0

71.2
16.0
9.1

I

II

III

IV

174.0

159.5

147.4

78.9
17.4
14.4

71.4
14.7
14.6

86.4
17.3
15.5

5

32.4

33.0

28.4

24.6

37.9

38.5

32.3

28.5

43.0

43.6

38.0

35.0

47.1

47.2

41.1

38.7

53.9

54.8

48.9

46.8

6

101.1

102.6

106.6

110.8

111.5

112.6

115.4

121.4

122.5

123.2

128.5

135.5

142.6

146.8

152.0

160.7

166.9

166.3

172.7

182.3

7
8
9

33.6
22.7
10.9

35.1
23.1
12.0

36.3
23.4
12.9

38,4
23.6
14.8

36.4
23.9
12.5

36.9
24.9
12.0

38.7
25.5
13.2

41.7
26.1
15.6

40.8
26.6
14.1

40.2
27.3
13.0

41.5
28.2
13.2

45.9
29.7
16.2

47.2
31.7
15.5

49.0
32.4
16.6

47.7
32.7
15.1

53.2
34.5
18.7

54.0
35.8
18.2

53.9
37.5
16.3

56.9
38.7
18.2

64.1
41.7
22.5

43.5
42.7
0.7

42.3
•41.5
0.8

42.9
42.0
0.9

44.2
43.4
0.8

46.2
45.4
0.8

45.5
44.5
1.0

46.3
45.4
0.9

47.6
46.5
1.1

50.6
49.6
1.1

50.6
49.6
1.0

53.0
52,1
0.9

54.9
53.7
1.2

59.3
58.1
1.2

59.7
58.6
1.1

65.5
64,2
1.2

67.0
65.3
1.7

70.2
68.9
1.3

69.2
68.0
1.2

72.8
71.2
1.5

74.4
72.8
1.7

16.4

18.0

17.9

18.2

19.2

19.4

20.5

18.7

19.3

20.6

21.9

21.0

21.5

22.2

23.9

22.8

22.1

21.3

21.4

11.2
14.4
11.5
2,9
3.1

12.7
15.8
12.7
3.1
3.1

13.6
16.9
14.0
2.9
3.3

13.1
16.7
13.7
3.0
3.6

13.8
17.9
14.3
3.5
4.1

16.8
21.3
17.3
3.9
4.4

17.5
22.1
17.9
4.2
4.7

18.1
23.2
19,0
4.3
5.1

19.4
24.7
20.5
4.3
5.3

..... ,, .. . 10
11
,.,....
12

Grants-in-aid to State and local
governments.

13

15.3

Net interest paid
Interest paid
To persons and business..,, ...
To foreigners
Less: Interest received by government.

14
15
16
17
18

7.1
--8,5
7.3
1.2
1.4

7.1
8.7
7.4
1.3
1.6

7.2
8.8
7.4
1.4
1,6

7.8
9.5
7.8
1.7
1.7

8.4
10.1
8.2
1.9
1.7

8.5
10.5
8.5
2.1
2.1

8.9
11.0
8.9
2.1
2.1

9.4
11.8
9.3
2.5
2.4

10.2
12.7
9.9
2.8
2.5

10.5
13.2
10.5
2.7
2.7

10.5
13.4
10.7
. 2.7
2.9

19

1.7

1.7

2.3

2.5

2.4

2.6

2.3

2.3

2.1

2.5

2.9

1.6

2.4

2.9

3.6

2.8

3.0

3.6

3.7

2.9

20
21

1.6
-0.1

1.5
-0.2

1.8
-0.4

2.6
0.1

2.1
-0.3

2.1
-0.5

2.1
-0.2

3,0
0.7

2.3
0.2

2.3
-0.2

2.3
-0.6

2.3
0.6

2.5
0.1

2.4
-0.5

2.3
-1.2

3.2
0.3

3.1
0.1

2.8
-0,8

3.0
-0.7

3.3
0.5

Less: Wage accruals less disbursements.

22

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.1

0.0

Surplus or deficit ( — ), national income and product
accounts.

23

6.9

-4.3

Subsidies less current surplus of
government enterprises.
Subsidies
Less: Current surplus of government enterprises.

-13.4

0.9 -10.9

-22.6

-16.1

-16.0

-7.5

13.0

-4.3

-17.3 -15.6

-3.3

-15.7

-26.8 -19.6

7.7 -13.2

-34.9

Table 9.4.—State and Local Government Receipts and Expenditures, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted

1977

Line

I

II

1978

III

IV

I

II

IV

I

II

1981

1980

1979

III

III

IV

I

II

III

IV

I

II

III

.... 1

69.2

73.2

71.8

83.5

76.8

82.5

79.2

89.1

83.9

85.4

85.1

97.5

93.7

93.0

92.2

106.9

102.3

103.5

98.3

Personal tax and nontax receipts ......
Corporate profits tax accruals .......
Indirect business tax and nontax
accruals.
Contributions for social insurance

2
3
4

13.6

14.5

13.8

14.4

16.9

16.4

16.4

18.0

17.5

18.6

18.8

19.9

19.6

20.5

20.6

23.3

21.8

37.3

15.7
31
34.7

5

5.3

5.4

5.8

5.9

6.0

Federal grants-in-aid

6

15.3

16.4

18.0

17.9

18.2

19.2

Receipts

.. ...

2.4

3.0

2.9

2.9

148
23

32.7

33.9

31.5

42.6

35.6

5.6

3.2

6.3

33
42.5

6.5

19.4

20.5

33
38.9

6.6

36

34

37.9

36^8

6.8

6.9

18.7

19.3

20.6

3.2
7.1
21.9

IV
112.6

23.0

38

0 O

3.6

37

3.7

3.6

3.6

3.1

42.9

4l!l

39.2

51.0

47.2

46.2

43.2

56.3

7.2
21.0

7.2

7.6

7.9

8.1

8.4

8.6

8.8

21.5

22.2

23.9

22.8

22.1

21.3

21.4

7

62.7

66.9

70.0

70.1

68.4

73.9

77.7

77.3

74.3

79.4

83.5

84.3

83.5

88.2

92.9

93.1

91.7

95.8

99.1

98.4

Purchases of goods and services...,

8

57.9

62.1

65.1

65.3

63.5

69.0

73.0

72.9

70.2

75.4

79.8

80.6

79.5

84.3

88.6

88.8

87.2

91.6

94.8

94.3

Transfer payments to persons

9

7.2

7.3

7.5

7.7

8.0

8.2

8.3

8.3

8.5

8.6

8.8

9.2

9.4

9.7

10.1

10.4

10.5

10.6

10.8

11.0

—4.3

45

Expenditures

10
11

09
3,3

—0.9

Less: Interest received by government.

12

4.2

4.3

4,4

4.7

4.8

Less: Dividends received by government.

13

0.3

0.3

0.3

0.4

0.4

Subsidies less current surplus of
government enterprises.
Subsidies
....... ..
Less: Current surplus of government enterprises.

14
15
16

0.1
1.3

0.1
1.3

0.1
1.3

0.1
1.4

0.1
1.4

0.1
1.5

0.1
1.5

0.1
1.5

0.1
1.5

Less: Wage accruals less disbursements.

17

0.0

0.0

0.0

0.0

0.0

0.0

0.1

0.1

0.1

Surplus or deficit (— ), national income and product
accounts.

18

6.5

6.3

1.7

13.4

8.4

8.7

1.5

11.8

9.5

N t ' t

t

'd

Interest paid to persons and busi-

-1.3

— 1.0

— 1.2

— 1.2

-1.3

-1.3

-1.3

-1.4

— 1.9

—2.4

3^9

. 40

5.1

5.4

5.8

6.4

0.4

0.4

0.4

0.4

-1.4

NOTE.—Prior to 1968, dividends received is included in interest received (line 12).




16

3.8

— 1.4

3^5

-1.5

-1.5

-1.5

—31
44

—3.5

— 3.4

—3.7

40

39

4^6

48

5.0

37
5.1

42

5.3

5.5

5.8

7.1

7.6

8.1

8.2

8.6

8.9

9.3

9.4

io.o

10.4

10.9

0.5

0.5

0.5

0.5

0.5

0.5

0.5

0.6

0.6

0.7

0.7

— 2.9

-1.5

01
1.5
-0.2

6.1

-1.5

-1.5

-1.5

-1.5

-1.6

-1.6

-1.6

01
1.6

01
1.6

01
1.6

0.1
1.6

0.1
1,6

01
1.7

0.1
1.7

0.0

0.0

0.0

0.0

0.0

0.0

1.6

13.2

10.2

4.8

-0.7

13.8

-1.6

6.3

-1.6

-1.6

0.1

0.1
1.7

0.1

0,0

0.0

0.0

0.0

10.7

7.7

-0.7

14.1

July

129

SURVEY OF CURRENT BUSINESS
Table 9.5.—Foreign Transactions in the National Income and Product Accounts, Quarterly Totals Not Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted

1977

Line
I

II

1978
III

IV

I

II

1979
III

IV

I

II

1981

1980
III

IV

I

II

III

IV

1

II

III

IV

Receipts from foreigners

1

43.9

47.7

44.9

46.3

48.2

55.0

53.5

62.1

64.7

68.7

69,9

79.1

84.9

86.1

81.4

88.0

92.0

94.0

89.4

93.2

Exports of goods and services ,....,..
Merchandise
Services
........
Factor income..
Other

2
3
4
5
6

43.9
29.1
14.8
7.8
7.0

47.7
31.8
15.9
8.2
7.7

44.9
28.8
16.1
8.0
8.1

46.3
30.0
16.3
8.7
.7.6

48.2
30.4
17.8
9.7
8.1

55.0
36.5
18.5
9.9
8.6

53.5
34.2
19.3
10.1
9.1

62.1
39.8
22,2
13.3
8.9

63.6
40.8
22.8
13.9
8.9

68.7
44.0
24.8
15.4
9.3

69.9
43.6
26.2
16,4
9.8

79.1
50.8
28.3
19.1
9.2

83.7
53.5
30.3
20.2
10.0

86.1
56.1
30.0
19.0
10.9

81.4
52.9
28.5
16.5
12.0

88.0
57.5
30.4
19.4
11.0

90.9
58.9
31.9
20.6
11.4

94.0
60.6
33.4
21.1
12.3

89.4
54.4
35.0
21.4
13.5

93.2
58.0
35.2
23.0
12.2

Capital grants received by the 7
United States (net).

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

1.1

0.0

0.0

0.0

1.2

0.0

0.0

0.0

1.1

0.0

0.0

0.0

43.9

'47.7

44.9

46.3

48.2

55.0

53.5

62,1

64.7

68.7

69.9

79.1

84.9

86.1

81.4

88.0

92.0

94,0

89.4

93.2

.... 9
10
11
12
13

44.3
36.2
8.1
1.9
6.1

47.2
37.8
9.4
2.2
7.2

47.5
37.5
10.0
2.3
7.6

47.8
38.6
9.1
2.6
6.5

50.9
41.4
9.5
2.6
6.9

55.0
43.7
11.3
3.3
8.0

56.4
43.8
12.6
3.5
9.1

57.5
45.5
12.0
4.1
7.9

58.9
46.4
12.5
4.5
7.9

65.3
50.8
14.5
5.2
9.3

69.6
53.5
16.2
5.8
10.4

74.3
58.7
15.6
6.8
8.9

80.2
63.1
17.1
7.7
9.4

79.2
61.7
17.5
7.2
10.3

75.0
57.5
17.5
6.2
11.3

79.6
61.8
17.9
8.0
9.9

83.3
64.5
18.8
8.5
10.2

87.5
66.5
21.0
9.4
11.6

85.5
63.5
22.0
10.0
12.0

85.0
65.6
19.4
9.0
10.4

14
15
16

1.0
0.2
0.7

1.0
0.2
0.8

1.1
0.2
0.9

1.0
0.2
0.8

1.0
0.2
0.8

1.2
0.2
1.0

1.0
0.2
0.9

1.3
0.2
1.1

1.2
0.2
1.1

1.2
0.2
1.0

1.1
0.2
0.9

1.6
0.3
1.2

1.4
0.2
1.2

1.2
0.2
1.1

1.4
0.2
1.2

2.0
0.3
1.7

1.4
0.1
1.3

1.4
0.2
1.2

1.7
0.1
1.5

1.9
0.2
1.7

Interest paid by government to for- 17
eigners.

1.2

1.3

1.4

1.7

1.9

2.1

2.1

2.5

2.8

2.7

,2.7

2.9

3.1

2.9

3.0

3.5

3.9

4.2

4.3

4.3

18

25

18

51

42

57

33

0.7

1.9

04

36

0.4

0.3

2.8

2.0

2.8

3.3

0.9

21

2.0

8

Payments to foreigners
Imports of goods and services
Merchandise
Services.,...
...
Factor income
Other
Transfer payments (net)
From persons (net)
From government (net).,....,,,

gn

-6.1

Table 9.6.—Corporate Profits With Inventory Valuation Adjustment and Without Capital Consumption Adjustment, Quarterly Totals Not
Seasonally Adjusted
[Billions of dollars]
Quarterly totals not seasonally adjusted

1977

Line
I

II

37.6

46.4

48.0

2

42.8

51.6

3
4

15.6
27.2

19.5
32.1

Corporate profits with inven- 1
tory valuation adjustment
and without capital consumption adjustment.
Profits before tax
Profits tax liability....
Profits after tax .... .......
Inventory valuation adjustment




,

1978

.... 5

-5.2

-5.3

III

IV

II

46.5

41.0

53.7

53.3

50.1

50.2

46.3

60.0

58.9

18.9
31.2

18.7
31.5

15.9
30.4

22.3
37.7

21.9
37.0

-6.8

-9.2

-2.1

-3.6

-5.3

-6.3

1980

1979
IV

I

III

-5.6

HI

II

51.0

49.6

48.7

63.5

63.1

64.6

22.0
41,5

21.2
41.9

22.8
41.8

II

50.9

55.5

52.2

63.9

60.1

66.1

23.1
40.7

21.2
38.9

23.2
42.9

57.1

-10.6

IV

I

I

-11.2

-12.1

-15.0

1981
III

IV

I

II

50.7

59.0

57.9

54.3

20,9
38.1

20.9
37.0

17.8
36.5

51.0

51.3

^52.9

56.7

58.9

62,3

60.9

19.2
37.4

20.7
38.2

22.0
40.3

21.6
39.3

-8.7

-11.3

-9.6

IV

52.6

50.2

-7.9

III

-6.0

-5.4

-3.6

130

SURVEY OF CURRENT BUSINESS

July

Errata: National Income and Product Accounts, 1929-76
The tables below provide corrections to estimates published in table 3 shows corrections for 1973-76 for series with both
annual and quarterly estimates; and table 4 shows corrections
The National Income and Products of the United States, 1929for 1973-76 for series with both annual and monthly estimates.
76: Statistical Tables.
Each corrected series is identified by its table and line number
The corrections are grouped into four tables: Table 1 shows
and an abbreviated title and is shown in the same units as in
all series with corrected estimates for 1929-72; table 2 shows
the original publication.
corrections for 1973-76 for series with only annual estimates;
Table 1.—Corrections for NIPA Tables, 1929-72
Table

Title

Line

1.5
1.6
1.9
1.9
1.10
1.10
7.4
7.6
7.6

16
16
22
23
22
23
16
22
23

GDBP less hous
GDBP less hous
NDBP less hous
DBI less hous
NDBP less hous
DBI less hous
GDBP less hous
NDBP less hous
DBI less hous

1.5
1.6
1.9
1.9
1.10
1.10
2.6
6.17B
6.17B
7.4
7.6
7.6
7.19
7.19
7.19

16
16
22
23
22
23
col. 16
1
18
16
22
23
25
27
28

GDBP less hous
GDBP less hous
NDBP less hous
DBI less hous
NDBP less hous
DBI less hous

1.5
1.6
1.8
1.8
1.9
1.9
1.9
1.9
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.10
1.13
1.13
1.13
1.13
1.21
1.21
1.21
2.1
2.1
2.1
6.17B
6.17B
6.20
6.20
6.20
6.20
6.20
7.4
7.5
7.5
7.6
7.6
7.6
7.6
7.6
7.6
7.6
7.6
7.6
7.6
7.19
7.19
7.19

16
16
4
6
16
17
22
23
5
6
12
13
14
15
16
17
22
23
1
3
5
9
13
14
15
32
33
34
1
18
2
3
7
8
9
16
4
6
5
6
12
13
14
15
16
17
22
23
25
27
28

..
,.....„.

.. .......

. .....
....

1929

1930

1931

1932

1933

1934

1935

1936

1937

1938

1939

1940

1941

1942

1943

85.7
254.5
78.1
71.2
228.5
204.1
33.7
34.2
34.9

73.4
223.9
65.9
60.6
197.3
179.3
32.8
33.4
33.8

59.7
202.9
52.8
46.3
176.3
155.7
29.4
29.9
29.7

43.7
168.9
37.5
31.4
142.7
125.4
25.9
26.3
25.0

42.3
163.7
36.4
29.7
138.4
120.1
25.8
26.3
24.7

51.2
175.7
45.2
38.0
150.9
130.3
29.1
29.9
29.2

57.9
193.9
51.9
45.4
169.7
149.4
29.9
30.6
30.4

66.6
223.3
60.6
51.7
199.3
171.5
29.8
30.4
30.1

74.4
238.6
67.8
59.7
214.4
189.0
31.2
31.6
31.6

67.4
222.1
60.7
52.3
197.7
171.6
30.4
30.7
30.5

73.1
243.8
66.6
57.5
219.7
190.1
30.0
30.3
30.3

81.7
265.0
74.9
65.5
240.7
209.8
30.8
31.1
31.2

104.3
309.2
96.8
86.4
284.2
252.1
33.8
34.1
34.3

130.8
342.0
122.3
112.9
317.0
287.7
38.2
38.6
39.3

153.2
364.9
144.6
135.3
340.5
312.0
42.0
42.5
43.4

1944
.

Real estate
GDBP less hous
NDBP less hous
DBI less hous
Struc
Add & alt
..
Other

..

........
• ......

•

... • .............

1950

1952

1951

1953

2.1
2.1
2.1

1957

1958

276.5
448.0
255.8
229.5
412.8
364.2

287.2
460.4
264.8
237.6
423.3
375.8

302.4
481.2
278.6
248.8
442.2
392.3

299.2
471.8
274.0
245.2
431.0
381.3

327.6
508.3
300.8
270.6
465.7
413.9

343.8
516.7
313.6
285.1
472.3
423.9

360.1
522.9
327.3
295.9
476.9
426.2

359.8
515.7
325.8
292.7
468.4
416.1

43.0
43.4
44.2

43.2
43.6
44.1

47.6
48.1
49.2
43.5
43.5
43.6

53.5
54.0
55.1
52.5
52.5
53.0

6,139
2,519
57,2
57.7
58.9
57.0
57.0
56.8

7,164
2,813
56.6
57.0
57.7
57.8
57.8
58.0

8,015
3,181
57.4
57.8
58.6
59.2
59.2
58.7

9,042
3,616
61.7
62.0
63.0
63.5
63.5
63.8

9,893
3,970
62.4
62.6
63.2
65.3
65.3
65.7

10,679
4,430
62.8
63.0
63.4
65.8
65.8
66.2

11,388
4,800
63.4
63.6
64.3
66.1
66.1
66.2

12,068
5,239
64.4
64.6
65.4
67.6
67.6
68.0

13,236
5,704
66.5
66.4
67.3
69.5
69.5
69.8

14,076
6,227
68.9
68.6
69.4
69.8
69.8
70.1

14,669
6,680
69.8
69.5
70.3
69.8
69.8
69.8

1959
392.4
551.4

1960
403.3
558.7

1961
414.3
571.0

1962
445.9
605.6

1963
469.6
631.1

1964
501.0
666.7

1965
544.2
710.4

1966
594.7
753.1

1967
622.8
767.3

1968
678.8
804.2
975
8761

1969
730.8
825.2

1970
759.4
820.2

1971
822.6
850.9

1972
906.1
906.1

357.3
321.8

366.9
329.9

377.0
337.0

407.6
362.5

429.9
382.1

459.5
410.3

500.1
449.2

546.8
492.1

570.6
513.0

621.5
558.5
7174

667.4
600.2

595.5
387
689.2
614.9

745.5
657.3

821.9
728.4

752,6
676.0

743.8
663.7

771.1
682.0

821.9
728.4

23,440
13,208

25,071
14,270

26,576
15,190

28,195
16,354

31,255
18,329

84.4
830
82.5
84.7
874

88.6

92.6

96.7

100.0

88.7
88.8
86.8
86.9
86.7

92.7
92.7
89.6
89.6
89.6

96.7
96.4
94.3
94.2
93.8

100.0
100.0
100.0
100.0
100.0

,

573
.

.

.

.

8761
8680
7001
676.3
6376

.

.,.
,

387
503.2
450.1

,

509.2
456.6
292.4
265.1
235.2
44.6

520.2
463.5
301.1
273.0
241.1
45.4

553.5
490.8
328.1
299.2
264.1
53.0

577.4
512.9
349.2
319.2
281.3
58.2

652.2
584.5
413.7
380.3
336.5
75.5

611.1
545.4
376.8
345.4
304.4
64.9

702.2
627.9
479.6
439.7
390.7
78.0

691.6
618.4
454.4
417.9
371.9
80.9

735.5
659.4

200
12
408
-

Noncorp CCA
Real estate
Domind
Financial

..

1,911
2,709
177,073
15,087
6,989

15,729
7,463

71.2

7.3
46.7
7.2
1.0
72.2

..

. .......

16,939
8,692
53.0
7.4
51.5
7.3
.9
73.6

16,192
8,071
45.4
7.2
46.8
7.0
.8
72.6

17,801
9,304
58.2
7.0
55.8
6.8
1.0
74.4

18,816
10,063
64.9
7.2
61.8
6.9
1.1
75.1

19,695
10,780
75,5
7.8
71.5
7.5
1.4
76.6

20,842
11,573
80.9
8.7
76.7
8.5
1.7
79.0

22,136
12,305
78.0
9.2
73.7
9.0
2.0
81.2

825
825
849
851
849
893

,

,
,
,.

....
,
....

,

Table 8.2, year 1959
Line

1956

241.6
420.8
223.8
201.3
387.6
343.2

...
.,

1955

217.1
383.7
200.7
180.5
352.3
312.6

71.0
71.5
69.8
69.8
69.8

72.1
72.3
70.2
70.2
70.0

GNP

PI

DPI

2,171

1,911

1,755

III

IV

72.5
72.7
70.2
70.2
70.2

73.6
73.9
70.6
70.6
70.5

74.5
74,5
70.1
70.1
70.0

75.2
75.2
70.2
70.2
70.2

76.7
76.9
71.3
71.3
71.3

79.1
79.6
73.6
73.8
73.7

81.3
81.7
76.2
76.2
76.1

84.5
84.7
79.9
79.9
79.8

Current dollars

Table

1954

222.0
388.0
206.9
189.9
358.4
322.4

.

Income
Per cap DPI curr $
Per cap DPI 1972 $

FRB
..
...
GDBP less hous
IBTJ x
NI
NF less hous
Hous
NI
DI
Business
Nonfarm,....
NF less hous...,.
Hous.
NDBP less hous
DBI less hous
Struc
Add & alt
Other

1949

198.4
371.1
185.6
167.1
343.5
303.2

—
... .

1948

173.1
363.7
162.7
147.6
338.0
299.8
159.9

. ...

GDBP less hous
GDBP less hous
IBT *
NI !...
NFDBI less hous.. .
NFhous
NDBP less hous
DBI less hous
NF less hous ........ .
Hous
NI
DI
Business..
Nonfarm
NF less hous
Hous
,
,.
NDBP less hous
DBI less hous
Corp GDP
NDP
Dom inc
Corp prof w/adjs
IBT plus bus transf

1947

1946

162.3
376.0
153.4
136.2
351.9
308.4

•
.......

...

1945

164.1
382.0
155.5
140.8
358.1
318.7

,

2,75J

I

Series

32 Per cap DPI curr $, Year 1959
33 Per cap DPI 1972 $, Year 1959
34 Population Year 1959

„.

II

PCE

1,884
1,918
1,914
1,927
2,695
2,728
2,700
2,709
176,044 176,723 177,479 178,273

1972 dollars

PCE:D
240

Table
1.8
1.8
7.5
7.5

PCE:N

PCE:S

827

688

GNP
4,076

Line
4
6
4
6

Title
IBT, Year 196?5
NI, Year 1 968
IBT, Year 196?5
NI, Yearl 968

DPI
2,709

PCE
2,487

POP.

PCE:D

PCE:N

PCE:S

286

1,158

1,044

177,073

I

II

III

IV

98.3
884.3
83.7
82.7

99.0
889.1
84.4
83.9

95.6
859.3
81.4
81.1

97.1
871.6
82.5
82.1

1. These series are also published quarterly, corrections for which are presented below.
NOTE.—Table and line numbers refer to the "National Income and Product Accounts Tables" which begin on Page 22. Please refer to the table and line numbers indicated for complete series
titles.




July

131

SURVEY OF CURRENT BUSINESS
Table 2.—Corrections for NIPA Tables, 1973-76, Showing Only Annual Data

Table Line
19
19
1 10
1 10
1 10
1 10
1 10
1 10
1 10
1 10
1 10
1 10
1,10
1 10
1 10
1 10
1 10
1.10
25
2.5
25
2.5
25
25
62
6.2
62
6.2
62
612
617B
6.17B
617B
6 17B

22
23
1
2
3
4
5
6
8
11
12
13
14
15
16
21
22
23
1
19
20
22
24
26
1
2
25
26
27
19
1
16
18
20

1973

Series
NDBP less hous
DBI less hous .
NNP
NDP
Business
NF
'
NF less hous
Hous
Stat discrep
Row
NI
DI
...
Business....,
NF
.,
NF less hous
Row
NDBP less hous
DBI less hous
PCE
Nondur goods
,, ..
Food .
Purch meals & bev
Food excl ale bev
Other ale bev
GNP
GDP,.,.....
. "...
Stat discrep
Residual
Row
Services ....,..,..
..
Noncorp CCA
Fin, ins & real estate..
Real estate
Other
..

.

..
,

,

.;»

. .
.

......

1974

1975

1976

Line

Table

9861 10518 1 1725
9254
8741 9292 1,039 0
8257
1 1435 1 1302 1 1109 1 173 1
1 1284 1 112 9 10970 1 1575
970.3
9117
9313
9499
9422
8812
9247
9035
859.7
802.6
8526
8272
825
786
721
764
3.8
138
986.7 1,043.0
1,023.5 1,008.2
10084
9728 1 027.4
9909
840.2
809.3
787.5
8299
7832
7601
814,1
8038
7070
758 4
7551 7317
13.8
831.0
8859
8757
8528
7793
782.7
755.8
7326
8231
7794
7679
7628
321,9
302.5
307.5
307.4
164.1
1561
153 1 1519
40.7
42.4
393
39.1
132.3
1397
1294
1281
83
86
83
82
12543 12463 12316 1,298,2
.. 1,239.2 1 229.0 1,217.8 1,282.6
38
.. -25
- 4.2
-.2
-6,5
138
25,687
33569 36690 39753 42 859
19733 21 407 22869 24,367
39571 21 225 22632 24148
9803 10,543 11,179
9183

1
2
3
4
5
6
8
11
12
13
14
15
16
21
22
23
1
19
20
22
24
26
24
25
27
28
1
2
25
col. 8
col 9
col. 10
col 12

76
76
76
76
76
76
7.6
76
7.6
76
7.6
7.6
7.6
7.6
76
7.6
7 12
7.12
7 12
7.12
712
7.12
719
7 19
7 19
7.19
7.22
7.22
722
8.2
82
8.2
82

1973

1974

1975

1976

1058
105.8
105.5
1037
103.8
1030
105.5
1058
106.1
1061
105.8
104.0
104.0
105.8
1057
106.0
1057
108.5
1124
107.1
1143
102.2
109.4
1097
1097
109.8
10575

1149
114.9
1149
1137
114.4
1064
115.2
1149
115.1
1151
115.3
1143
114.7
114.9
1156
115.7
1164
123.4
1276
119 3
1308
110.1
1208
121 1
1216
122.1
11508
1151
1149
5827
4009
3566
1414

1251
125.1
125.3
124 6
126.0
110.6
126.1
125.1
125.6
125.6
125.9
125.6
126.7
125.1
1266
126.8
1253
132.5
1368
129.6
1401
118.9
131 5
1317
13] 6
131.3
125 79
125.8
125 1
5702
4051
3609
1424

1315
131.5
131.1
1308
132.2
116.1
132,1
131.5
132.2
132.3
131.9
132.1
133.2
131.5
1324
132.7
1317
137.2
1405
137.9
1434
125.1
1413
1416
1414
140.2
13234
132.3
1315
5,953
4 158
3774
1476

Series
NNP
NDP
Business
.
NF
NF less hous....
Hous.. ...*. . ,,
Stat discrep
,
,
,
Row
NI...
,
DI
... .
... ...
Business
NF
...
NF less hous...
....„....„...,
Row...
,., ,.
... ..
NDBP less hous
DBI less hous
PCE ...
.
Nondur goods ... ... ..
... ...
Food
Purch meals and bev
,,...,....;
Food excl ale bev.
..
Other ale bev
„
,.,..„.
NF
Struc
Add & Alt
... . . .
Other
. .
GNP
GDP
Row
GNP...,
,
DPI
PCE .. ..
Nondur goods

. ..
.....
.....

,
..
... ....

...

.

1058
5,918
4080
3,623
1450

See note at end of table 1.

Table 3.—Corrections for NIPA Tables, 1973-76, Showing Both Annual and Quarterly Data
Table Line
1.2
1.2
1.2
1.2
1.2
1.2
1.2
1,2
1.4
1.4
1.4
1.4
1.4
1.4
1.4
1.4
3.4
1.4
1.4
1.5
1.6
1.6
1.6
1.6
1.6
1.6
1.6
1.6
1.8
1.8
1.8
1.8
2.1
2.1
2.3
2.3
2.3
3.8B
3.8B
3.8B
3.8B
3.8B
3.8B
3.18B
4.2
4.2
4.2
4.2
4.2
4.2
5.11
5.11
5.11
5.11
5.11

1
2
4
18
19
20
21
25
1
2
4
5
7
8
10
11
13
15
16
16
1
2
3
4
5
8
15
16
1
3
5
6
31
33
1
6
7
1
19
20
21
22
24
22
1
5
6
8
12
13
22
23
24
25
26

Series
GNP
PCE
Nondur goods
Net exports
Exports
,
,
Imports
Govt purch
State & local
,
GNP
Final sales
Goods, total..
Final sales
Dur goods ..
Final sales
....
Nondur goods
Final sales.........
,.
Services
Gross dom purch
FS to dom purch .... ,. ,,
GDBP less hous *
GNP
GDP ...
Business...,
Nonfarm
NF less hous....
Stat discrep,..
Row
,.
GDBP less hous l ....
GNP ..
NNP
Stat discrep
NI
DPI ... ,.
Percapita DPI
,
•.
PCE...
.......
Nondur goods
Food., ..,.„...,
Govt purchases
State & local.
Dur goods
Nondur goods
Services
,
..,
Other services
Other
Exports
,....„..
Services
Facto"r income ...
Imports
..
Services
Factor income ..
,.
Final sales
, ...
FS goods & struc
Ratio Inv/FS,
Ratio NF Inv/FS
Ratio NF Inv/FS goods
& struc

1974

1973
1973

1974

1975

1976

I

II

III

I

II

1975
III

IV

I

11

1976
III

IV

I

II

III

1,254.3 1,246.3 1,231.6 1,298.2 1,246.8 1,248.3 1,255.8 1,266.1 1,253.3 1,254.7 1,246.8 1,230.3 1,204.3 1,218.9 1,246.1 1,257.3 1,285.0 1,293.7 1,301.1
767.9 762.8 779.4 823.1 768.8 766.3 769.7 766.7 761.2 764.1 769.4 756.5 763.3 775.6 785.4 79.3.3 809.9 817.1 826.5
307.4 302.5 307.5 321.9 309.9 306.3 307.4 306.0 302.6 302.6 304.4 300.4 302.8 307.8 309.0 310.2 816.3 320.2 323.5
137
282
28.9
25.9
108.0 111.4
103.5
95.8
111.5
859
253.3 260.3 265.2 265.2 254.6 251.1 251.3 256.4 257.5 260.8 260.9 261.8 263.0 263.0 266.6 268.3 267.0 264.9 264.3
157.4 163.6 167.8 168.4 155.7 156.2 157.8 160.1 162.2 163.9 164.1 164.3 166.2 166.5 168.4 170.2 170.5 168.6 167.6
1,254.3 1,246.3 1,231.6 1,298.2 1,246.8 1,248.3 1,255.8 1,266.1 1,253.3 1,254.7 1,246.8 1,230.3 1,204.3 1,218.9 1,246.1 1,257.3 1 2850 12937 1301 1
1,237.1 1,234.7 1,238.4 1,290.4 1,230.7 1,233.1 1,242.0 1,242.4 1,240.1 1,242.1 1,239.1 1,217.5 1,218.6 1,230.2 1,245.1 1,259.5 1,274.9 1,282.4 1,293.8
572.3 562.5 547.4 587.2 570.7 568.7 568.4 581.4 566.2 567.8 564.4 551.6 530.0 540.2 558.6 560.9 581.3 587.0 589.0
555.1 550.9 554.2 579.4 554.7 553.5 554.5 557.7 553.0 555.2 556.7 538.8 544.3 551.6 557.6 563.2 571.3 575.7 581.7
248.7 243.5 223.8 248.1 244.2 249.3 251.1 250.3 246.1 242.6 247.2 237.9 213.9 221.1 230.4 229.6 242.1 247.6 251.0
236.1 234.1 230.2 242.7 232.7 237.5 237.2 236.9 236.0 237.5 237.6 225.3 223.4 227.1 233.4 236,7 239.7 240.1 244.1
323.6 319,1 323.7 339.1 326.5 319.3 317.2 331.1 320.2 325.1 317.2 313.7 316.1 319.1 328.1 331.3 339.2 339.4 338.0
319.0 316.8 324.0 336.7 322.0 316.0 317.4 320.8 317.0 317.7 319.1 313.5 320.9 324.4 324.1 326.4 331.5 335.6 337.6
542.8 562.8 575.9 595.0 532.9 539.3 548.9 550.2 558.2 561.5 564.3 567.1 568.3 574.1 578.0 583.2 586.7 590.9 598.2
1,238.7 1,218.5 1,199.5 1,272.8 1,239.1 1,234.6 1,236.4 1,244.8 1,225.1 1,225.7 1,220.7 1,202.6 1,172.2 1,185.4 1,215.3 1,224.9 1,258.3 1,267.7 1,275.5
1,221.6 1,206.9 1,206.2 1,265.0 1,223.1 1,219.4 1,222.6 1,221,2 1,211.8 1,213.1 1,212.9 1,189.7 1,186.5 1,196.7 1,214.3 1,227.2 1,248.2 1,256.4 1,268.2
1,017.1 1,093.8 1,179.5 1,312.7
1,254.3 1,246.3 1,231.6 1,298.2 1,246.8 1,248.3 1,255.8 1,266.1 1,253.3 1,254.7 1,246.8 1,230.3 1,204.3 1,218.9 1,246.1 1,257.3 3,285.0 1,293.7 1,301.1
1,239.2 1,229.0 1,217.8 1,282.6 1,233.6 1,233.9 1,239.3 1,249.7 1,234.5 1,236.5 1,229.9 1,215.2 1,190.9 1,206.1 1,232.5 1,241.7 1,270:4 1,277.9 1,285.1
1,060.7 1,047.4 1,032.4 1,095.4 1,055.9 1,055.8 1,060.9 1,070.1 1,053.7 1,055.3 1,048.1 1,032.5 1,006.9 1,020.9 1,046.6 1,055.3 1,083.7 1,091.0 1,097.6
1,028.4 1,012.4 994.5 1,059.5 1,022.7 1,025.6 1,029.8 1,035.3 1,023.5 1,018.9 1,011.4 995.9 968.3 982.7 1,007.6 1,019.2 1,047.5 1,056.5 1,063.7
933.9 912.9 892,1 952.5 930.0 932.0 934.9 938.9 925.8 919.8 911.2 894.8 866.9 880.9 905.0 915.5 942.9 950.8 956.1
3.8
13.8
13.5
963.7 945.4 927.7 986.1
1,254.3 1,246.3 1,231.6 1,298.2 1,246.8 1,248.3 1,255.8 1,266.1 1,253.3 1,254.7 1,246.8 1,230.3 1,204.3 1,218.9 1,246.1 1,257.3 1,285.0 1,293.7 1,301.1
1,143.5 1,130.2 1,110.9 1,173.1 1,138.6 1,136.7 1,144.9 1,153.7 1,139.4 1,138.8 1,130.1 1,112.4 1,085.1 1,098.6 1,124.8 1,134.9 1,161.6 1,168.8 1,175.5
3.8
1,023.5 1,008.2 986.7 1,043.0 1,020.2 1,018.6 1,022.9 1,032.1 1,020.6 1,016.7 1,006.0 989.3 959.9 975.6 1,000.6 1,010.5 1,035.0 1,040.2 1,045.6
864.7 857.5 874.9 906.8 855.2 862.3 867.9 873.3 860.2 859.7 859.4 850.8 845.1 891.4 878.2 885.1 899.5 904.1 908.9
4,080 4,009 4,051 4,158 4,050 4,074 4,090 4,106 4,036 4,025 4,013 3,963 3,928 4,134 4,061 4,081 4,139 4,151 4,163
767.9 762.8 779.4 823.1 768.8 766.3 769.7 766.7 761.2 764.1 769.4 756.5 763,3 775.6 785.4 793.3 809.9 .817.1 826.5
307.4 302.5 307.5 321.9 309.9 306.3 307.4 306.0 302.6 302.6 304.4 300.4 302.8 307.8 309.0 310.2 316:3 320.2 323.5
153.1 151.9 156.1 164.1 156.0 152.6 152.7 151.0 149.9 150.3 154.2 153.1 154.4 157:0 156.4 156.6 160.5 163.1 165.4
253.3 260.3 265.2 265.2 254.6 251.1 251.3 256.4 257.5 260.8 260.9 261.8 263.0 263.0 266.6 268.3. 267.0 264.9 264.3
157.4 163.6 167.8 168.4 155.7 156.2 157.8 160.1 162.2 163.9 164.1 164.3 166.2 166.5 168.4 170.2 170.5 168.6 167.6
5.3
5.6
5.6
5.1
5.2
5.4
5.6
5.6
5.7
5.7
5.5
5.6
5.5
5.6
5.6
5.6
5.6
5.6
5.6
9.2
10.0
8.9
9.1
9.4
10.7
9.0
9,3
9.2
9.2
9.3
10.1
10.3
9.1
9.7
10.0
10.5
10.7
10.8
116.6 122.3 127.5 129.6 114.5 115.8 117.3 118.9 120.5 121.8 122.9 124.1 126.0 127.3 127.9 128.7 129.1 129.2 129.8
28.5
31.0
25.4
26.1
28.4
28.8
29.1
30.3
30.9
31.1
31.6
25.8
31.8
24.8
26.8
27.7
31.8 , 31.7
31.9
.7111.5
103,5
95.8
108.0 111.4
----ijg'l'
396
43.3
205
20.4
21.7
24.3
25.3
24.8
22.0
85.9
22.2
22.8
6.8
59
64
7.8
86.7
85.0
86.0
87.1
88.1
89.5
90.0
86.7
87.2
85.1
90.9
86.7
86.9
54,7
56.2
54.2
56.4
57.4
57.6
58.0
57.8
57.7
56.8
56.7
54.2
55.6
3.44
3.31
360
3.40
3.29
3.38
3.01
2.91
2.92
3.11
2.99
2.95
2.90
279
3.06
423

1. For "Gross domestic business product less housing" series (current dollars, constant dollars,
and implicit price deflators), there are also corrections for all earlier years. See subsequent table
for corrected historical data. In the corrected series for these items, there are only annual totals.
Quarterly estimates are not feasible because of the unavailability of farm housing data on a quarterly basis.
See note at end of table 1.




IV

450

4.64

4.87

4.80

4.71

4.63

4.55

4.52

4.56

4.57

IV

1,313.1
838.9
327,5

264.5
167.1
1,313.1
1,310.6
591.2
588.8
251.5
246.7
339.7
342.1
604.4
1,289.7
1,287.2
1,313.1
1,297.1
1,109.3
1,070.0
960.1

15.9
1,313.1
1,186.5
1,051.0
914.6
4,178
838.9
327.5
, 167.5
264.5
167.1
5.6
10.9
130.4
32.0
.6

22.5

92.2
58.9
3.33
4.52

132

SURVEY OF CURRENT BUSINESS

July

Table 3.—Corrections for NIPA Tables, 1973-76, Showing Both Annual and Quarterly Data—Continued
19r 3

Qafi

rn UI Q

1973
7.1
71
7.1
71
7.1
71
7.1
72
72
7.2
72
7.2
72
7.2
7.2
7.2
7.2
7.2
72
7.3
7.3
7.3
73
7.3
73
7.3
7.3
73
7.3
73
74
74
74
74
74
74
74
74
75
75
7.5
75
7.11
711
711
7 14B
714B
7 14B
714B
7 14B
714B
716
716
7.16
716
7.16
7 16
721
721

1
2
4
17
18
19
23
1
2
4
16
20
21
22
23
24
27
28
29
1
2
4
5
7
8
10
11
13
15
16
1
2
3
4
5
8
15
16
I
3
5
6
1
6
7
1
19
20
21
22
24
5
6
8
12
13
22
23

GNP
PCE
Nondur goods
Exports
Imports
,...,„..,,.........
Govt purch
State & local.
GNP
PCE
. ...
Nondur goods
Govt purchases
State & local..
.....
Gross dom purch
Final sales..,...,,.....,..,.!.. ......
FS to dom purch
PCE, Food
GDP...
GDBP . ....
... ... .
NFGDBP
GNP
Final Sales
Goods
.........
Final Sales
Dur goods
Final sales
Nondur goods
,. ......
Final sales
Services.. ,
Gross dom purch
FS to dom purch
GNP..,
GDP
Business
. ..
Nonfarm
NFGDBP less hous....
Stat discrep,
„
ROW
GDBP less hous *
GNP
NNP
Stat discrep.
NI
PCE
,
Nondur goods .....
Food
Govt purch ,,
State & local
Dur goods .
Nondur goods
„ .
Services
Other services ,. . .... .....
Exports
Services ..
». ,
Factor income
Imports ..... ....
Services
Factor income ., ..
FS
FS goods & struc

2 GNP- 1972 $
81
3 GNP- IPD
81
4
81
GNP- chain
81
GNP- FWPI
7 PCE- 1972 $
81
8 PCE- IPD..
8.1
81
9 PCB" chain
8.1 10 PCE- FWPI
..,
8.1 17 Nondur goods: 1972 $
8.1 18 Nondur goods- IPD
8.1 19 Nondur goods: chain.
8.1 20 Nondur goods: FWPI... ......
8 1 57 Exports* 1972 $
8 1 58 Exports' IPD
81 59
8 1 60 Exports' FWPI
8 1 62 Imports' 1972 $
81 63 Imports* IPD
,
81 64 Imports: chain
81 65 Imports* FWPI
8.1 67 Govt purch: 1972 $ ..........
8 1 68 Govt purch: IPD ... ..
8 1 69 Govt purch' chain
81 70 Govt purch: FWPI
8.1 87 State & local: 1972 $.„.....
81 88 State & local- IPD
81 89 State & local' chain
8.1 90 State & local: FWPI
8.1 92 Gross dom purch: 1972 $.
8.1 93 Gross dom purch: IPD
8.1 94 Gross dom purch: chain ..
8.1 95 Gross dom purch: FWPI..
81 97 FS- 1972 $
81 98 FS- IPD ., . ...
,
8.1 99 FS" chain
81 100 FS- FWPI.
8.1 102 FS: to dom purch: 1972
8.1
8.1
8.1
81
8.1
81
8.1
81
8.1
8.1
8.1
8.1
81
8.1
8.1
81

103
104
105
107
108
109
110
112
113
114
115
117
118
119
120
122

FS to dom purch: IPD .....
FS to dom purch: chain..,
FS to dom purch: FWPI..
GDP' 1972 $
GDP: IPD..
.,
GDP' chain
GDP: FWPI..,
,
GDBP- 1972 $
GDBP- IPD..
GDBP: chain
„
GDBP: FWPI.., .,.
NFGDBP: 1972 $....
NFGDBP- IPD
NFGDBP: chain
NFGDBP: FWPI
DPI- 1972 $

See note at end of table 1.




1974

1975

105.75 115.08 125.79
1057 1164 125.3
108.5 123.4 132.5
1348
179.6
1067 1168 1282
107 0 1180 129.4
1060 1159 1264
1061 117 1 126.3
109.0 124.5 133.9
1069 1179 1292
107.0 118.4 130.0
1062 1175 127.9
105.9 115.8 126.3
1062 1174 1279
113.2 128.3 138.0
106.0 115.9 126.4
1057 1162 126.8
104 0 1148 1264
10575 11508 12579
1057 1150 125.7
105.6 115.0 126.8
105.5 1148 126.5
100.8 107.9 121.1
1007 107 1 1214
109.2 120.4 130.7
109.1 120.5 130.1
105,3 113.0 122.5
105.9 116.6 126.9
1059 1166 1268
105.75 115.08 125.79
1057 1151 1258
105.5 115.2 126.1
1039 1141 1254
103.8 1146 126.6
105.5 115.2 126,1
1058 114.9 125.1
1055 1157 1272
10575 11508 12579
105.8 1149 125.1
105.5 115.2 126.1
1061 115.1 125.6
105.7 116.4 125.3
108 5 1234 132.5
1124 1276 1368
106 7 1168 128.2
107.0 118.0 129.4
1030 1150 1291
109.3 1342 150.7
1069 1148 1257
1048 1159 127.8
1348
1162 1264
106.0 114.7 125.1
179.6
140.6
""iiSo 125.0
58
5.8
60
60
42
5.7
61
6.1
2.2
85
9.0
9.0

6
88
91
94
7
10.1
104
104
-1.6
138
14.3
14.2

127

12
93
92
91
22
7,6
77
7.8
1.6
73
7.4
7.6
46

1976
132.34
1317
137.2
1553
185.6
1366
138.3
1337
133.0
138.7
1373
138.5
135.1
133.6
135.0
141.5
133.7
133.8
1336
132 34
132.2
131.3
131.0
129.1
128.8
133.0
132.7
131.0
133.9
1338
132.34
132.3
132.1
1318
132.9
132.1
131.5
1331
13234
131.5
132.1
132,2
131.7
137.2
1405
1366
138.3
1363
157.4
1359
1379
1553
133.2
131.5
1856

54
5.2
5.7
58
5.6
5.1
53
5.3
4.7
36
3.6
3.5

221
8.2
1 • 2.7
95
67
99
69
6.9
10.3
3.9
4.0
70
103
70
105
7.0
10.6
4.5 -1.6
5.9
10.1
10.5
6.2
10.6
6.2
2
52
88
57
9.0
5.9
94
59

1.9
9.7
97
9.6
2.6
97
98
9.7
-1.6
8.9
9.0
8.9
3
93
9.2
91

0
6.6
6.5
6.3
.4
6.9
6.8
6.6
6.1
5.5
5.6
5.6

12
10.1
10.4
10.5
8
8.8
91
9.4
13
92
9.6
9.9
-1.5
98
10.0
10.4
g

1
8.8
8.9
8.9
9
9.3
92
9.1
14
95
9.4
9.2
-1.8
99
102
10.1
20

49
5.5
5.6
5.6
53
5.2
57
5.8
61
4.8
5.4
5.5
6.5
51
56
5.7
36

40
5.9
6.2
6.2
55
5.7
6.0
6.0
62
5.5
5.7
5.7
6.7
89
40
4.0
67

52
5.7
58

I

19rf4
III

II

I

IV

II

19r 6

W5
III

I

IV

II

I

IV

III

III

II

IV

102.95 104.75 106.53 108.74 110.72 113.48 116.42 119.79 122.88 124.44 126.68 128.99 13012 131.30 132.89 134.99
1028 1048 106.6 108,8 1121 1150 1178 1208 1225 1240 1263 1282 1294 130.6 132.4 1344
103.8 107.0 109.8 113.3 118.5 122.1 125.0 128.2 129.5 130.8 134.0 135.5 135.8 136.2 137.7 139.1
155.7
1490 1508
184.1 187.8
143.8
1814 180.7
104.0 1060 1070 1099 1114 1153 1185 1221 1246 1269 1290 132.0 1337 135.2 1373 140.1
104.0 106,2 107.9 109.9 112.7 116.5 119.8 1229 125.5 128.2 130.8 133.1 135.2 137.5 139.3 141.4
1031 1049 1069 1089 1115 1141
1174 1209 1233 1250 1275 129.8 1312 1326 1344 136.6
102.9 105.0 107.1 109.3 112.7 115.7 118.5 121.6 123.4 124.9 127.4 129.5 130.6 131.9 133.7 135.7
104.0 107.4 110.7 114.1 119.6 123.2 125.9 129.3 130.8 132.0 135.5 137.5 137.4 137.8 139.2 140.4
132.8 134.6 136.3 137.9 140.2
104.2 106.0 107.6 109.9 112.8 116.0 119.6 123.2 125.7 128.2 1301
104.0 106.2 107.9 109.9 113.0 117.0 120.3 123.5 126.2 128.9 131.2 133.4 135.5 137.7 139.4 141.4
132.5 134.0 135.8 138.0
103.2 105.2 107.2 109.3 112.5 115.7 119.2 122.6 124.9 126.7 128.9 1311
103.1 104.9 106.9 108.9 111.5 114.0 117.3 120.8 123.2 125.0 127.4 129.8 131.1 132.6 134.3 136.5
1032 1052 107.1 109.3 1125 1157 119.1 122.5 124.8 126.6 128.9 131.1 132.4 134.0 135.8 137.9
105.8 110.7 116.4 119.8 124.7 126.8 128.5 133.2 134.8 135.5 139.7 142.0 141.0 141.0 141.9 142.3
127.5 129.8 131.2 132.7 134.4 136.6
103.1 104.9 106.9 108.9 111.6 114.1 . 117.4 120.9 123.3 1251
102.8 1047 106.7 108.7 111.6 114.2 117.8 121.4 123.8 125.5 128.0 130.1 131.4 132.7 134.5 136.5
102.95 10475 106.53 10874 110.72 113.48 116.42 119.79 122.88 124.44 126.68 128.99 130.12 131.30 132.89 134.99
103.0 104.8 106.5 108.6 110.9 113.2 116.3 119.8 122.6 124.5 126.6 128.8 129.9 131.1 132.8 135.0
102.4 104.3 106.5 109.0 110.7 113.2 116.1 120.0 124.1 125.3 127.8 129.8 130.2 130.5 131.7 132,9
102.4 104.4 106.4 108.8 111.1 112.5 115.8 120.0 123.4 125.3 127.6 129.4 129.8 130.0 131.4 132.9
100.0 100.3 101.1 101.8 103.5 105.0 109.4 113.8 117.3 120.5 122.0 124.4 126.7 128.1 129.5 131.9
1000 100.1 100.9 101.5 103.2 104.7 108.3 112.4 117.1 120.8 122.6 124.8 126.5 127.8 129.1 131.7
104.1 107.4 110.7 114.5 116.2 119.2 121.3 124.8 128.6 128.6 131.8 133.6 132.8 132.2 133.3 133.6
104.1 107.6 110.5 114.2 116.9 118.4 121.3 125.5 127.9 128.5 131.2 132.8 132.2 131.7 133.0 133.7
103.2 104.5 105.8 107.5 109.4 111.6 114.1 116.9 119.2 121.2 123.3 126.0 127.8 129.7 131.7 134.6
103.0 105.0 106.7 109.0 111.5 115.2 118.3 121.6 1241 125.5 127.8 1301 131.4 132.8 134.6 136.7
121.6 123.8 125.6 127.8 129.9 131.3 132,6 134.5 136.7
1030 1050 106.7 108.9 111.6 114.9 1181
102.95 104.75 106.53 108.74 110.72 113.48 116.42 119.79 122.88 124.44 126.68 128.99 13012 131.30 132.89 134.99
131.3 132.9 135.0
1029 104.7 106.5 108.7 110.7 113.5 116.4 119.8 122.9 124.4 126.7 129.0 1301
131.1 132.7 134.6
102.6 104.5 106.2 108.5 110.6 113.5 116.6 1201 123.3 124.7 126.9 1291 1301
128.3 129.6 130.5 132.4 134.6
1018 102.9 104.2 106.5 1088 1126 115.8 119.3 122.9 124.2 1261
101.7 102.8 104,1 106.6 108.9 113.0 116.4 120.2 124.1 125.3 127.3 129.5 130.8 131.6 133.5 135.8
131.1 132.7 134.6
123.3 124.7 126.9 129.1 1301
104.5 106.2 108.5 110.6 113.5 116.6 1201
103.0 104.8 106.6 108.8 110.8 113.4 116.1 119.3 122.3 123.7 126.0 128.3 129.4 130.4 132.0 134.1
10295 104 75 106.53 10874 11072 11348 116 42 119.79 12288 124.44 126.68 128.99 130.12 131.30 132.89 134.99
103.0 104,8 106.6 108.8 110.8 113.4 116.1 119.3 122.3 123.7 126.0 128.3 129.4 130.5 132.0 134.1
132.7 134.6
104.5 106.2 108.5 110.6 113.5 116.6 120.1 123.3 124.7 126.9 129.1 130.1 1311
132.8 135.0
103,1 1052 107.0 109.1 111.0 113.6 116.4 119.7 123.0 124.1 126.3 128.8 130.1 1311
102.8 104.8 106.6 108.8 112.1 115.0 117.8 120.8 122.5 124.0 126.3 128.2 129.4 130.6 132.4 134.4
1038 107.0 109.8 113.3 1185 1221 125,0 128.2 129.5 130.8 134.0 135,5 135.8 136.2 137.7 139.1
1056 1102 1151 1191 1240 1261 1279 1321 1336 1346 138.6 140.4 1399 1398 140.8 141.4
1040 1060 1070 109.9 111.4 1153 1185 122.1 1246 126.9 129.0 132.0 133.7 135.2 137.3 140.1
135.2 137.5 139.3 141.4
104.0 106.2 107.9 109.9 112.7 116.5 119.8 122.9 125.5 128.2 130.8 1331
1013 1026 1032 1049 1078 1114 1175 123.7 1267 1280 1296 1320 133.6 135.4 136.8 139.4
104.1 108.0 110.9 113.8 122.5 1308 139.1 144.3 146.7 148.9 152.3 154.5 155.1 156.4 158.1 159.9
139.3
1042 1063 1078 1094 1112 1135 1158 1184 121 1 1245 1272 129.8 132.3 1349 1371
1024 1040 1048 107.8 1099 1144 117.5 121.6 1236 126.6 128.6 132.2 133.6 136.4 139.1 142.3
155.7
1490 150.8
106.7
111.1 1152 117.7 121 1 1238 1253 127.2 129.2 130.6 132,1 134.0 136.0
104.8 106.6 108.8 110.8 113.4 116.1 119.3 122.3 123.7 126.0 128.3 129.4 130.5 132.0 134.1
187.8
1841
1438
1814 1807
140.7
142.0 142.7 143.6 144.7
124.3 129.9 133.4
106"6 1088 1108 1134 1161 liO 1223 1237 126,0 " 128"3 1294 1305 132.0 134.1
1027 1045 1062 1083 1108 1132 1165 1201 1230 1248 1269 1289 1299 1309 1325 1346
961
995 1019 1043 1064 1100 1138 1172 1192 1213 123.1 123.6 124.0 125.2 1271
97*8
5
4
23
36
91
27
37
92
24
33
40
25
52
82
49
109
3.6
10.8
7.5
3.7
12.1
7.4
4.9
6.5
7.2
7.0
8.6 • 75
10.7
5.2
5.7
10.3
74
9.0
125
127
6.0
73
76
8.0
7
2
4
2
5,4
70
94
86
5.9
46
74
78
76
101
121
81
42
53
69
94
126
80
75
45
' 61
59
18
—
16
28
52
6.3
13
15
28
66
37
66
41
86
36
47
61
7.2
8.5
12.4
10,9
5.7
5.9
8.1
10.3
10.5
7.8
6.0
4.9
3.8
56
64
39
49
61
77
58
62
83
85
130
109
102
103
61
66
37
39
81
5.8
61
3.5
3.8
8.4
6.8
62
8.5
8.1
8.4
49
13,2
10.4
106
61
109
4.2
1.6
8.1
5.0
51
-5.3
3.2
6.8
1.5
.1
2.4
1.4 -1.8
-4.4
2.9 -4.5
4.5
3.9
19.4
9.8
4.1
3.8
10.3
4.7
.8
1.3
11.0
13.5
12.8
10.9
12.9
8.9
10.7
.4
1.4
4.5
3.5
12.3
13.2
9.2
10.9
4.6
3.7
5.4
13.4
20.8
12.7
9.4
11.0
4,4
5.9
-.3
1.2
13.1
12.8
20.8
12.4
9.1
11.3
4.8
3.6
3.5
9.5
13.8
239
230
187
21 5
49
44
138
23.3
17.1
27.6
320
66.2
-7.9
5.7
.2
-.9
.3
8.4
1.8
5.2
1.4
1.9
0
5.5
-31
.2
2.7 -2.0
4.0 -5.4
8.3
8.0
3.8
14.8
11.8
12.7
7.0
11.0
5.6
75
9.6
5.3
4.4
6.3
8.4
6.3
12.6
7.1
11.7
12.8
6.5
8.5
9.8
8.7
7.1
56
7.1
78
56
4.8
77
8.6
10.9
7.2
7.3
6.1
8.8
11.8
13.1
12.6
6.2
8.5
5.0
4.7
8.5
8.0
5.8
7.0
.4
4.7
4,5
1.4
4.0
6.0
5.3
4.4
.6
4.1
-2.4
4.6
.8
-4.3
-1.2
70
64
76
108
143
117
106
88
88
91
82
72
65
71
53
62
11.1
7.0
8.9
6.5
7.7
14.6
11.7
111
92
78
9.3
71
64
54
61
71
6.5
7.8
11.4
7.0
8.8
15.1
11.8
11.0
9.1
8.9
7.4
6.8
6.3
5.0
5.7
6.9
2.8 -6.2
.6
.2 -1.6
9.3 -1.4
-5.8
-9.7
10.5
4.6
3.2
11.3
2.5
4.5
3.0
6.7
8.9
9.4
11.1
5.7
7.9
14.1
11.5
8.5
4.9
7.5
7.3
4.1
5.5
4S
6.4
7.3
8.0
12.1
11.8
12.3
11.8
8.0
7.4
6.1
8.1
6.2
6.9
4.3
5.6
6.7
47
7.6
8.2
12.0
8.3
12.3
11.8
12.3
5.9
7.2
6.2
7.8
71
4.2
5.6
4.6
6.5
1
7
4
8
29
10
68
88
8
39
49
47
50
24
36
53
67
8.3
11.3
73
8.6
87
12.6
57
98
70
72
35
36
51
69
7,2
7.7
12.3
6.1
7.5
8.8
9.4
128
85
80
58
72
43
53
46
70
42
77
76
101
120
61
73
93
126
80
82
60
75
45
53
69
i
4
11
10
30
71
12
74
60
43
35
70
27
38
61
6.4
5.7
8.0
8.6
10.5
12.4
11.6
12.1
7.4
7.2
6.0
6.9
4.2
5.7
4.2
6.8
7.3
8.1
12.1
6.1
8.0
11.9
11.8
11.9
7.9
6.0
7.4
7.0
4.3
4.7
5.5
6.6
6.2
8.2
7.5
8.2
11.8
12.2
12.3
12.0
7.8
6.0
7.2
71
4.2
5.5
4.6
6.6
I
34
21
24
103
17
48
47
78
52
91
30
23
96
38
7.0
5.7
7.2
8.6
10.8
10.7
7.5
10.3
12.1
7.4
7.5
5.2
3.5
3.7
4.9
6.5
60
76
74
125
73
90
94
127
70
86
80
72
42
54
60
46
74
78
61
7.6
101
121
94
126
81
79
59
75
42
45
53
69
o 20 35 6 0
124
27
96
58
105
25
43
57
33
11 2
27
53
70
87
73
81
110
114
123
49
59
113
73
71
30
32
46
5.7
13.4
7.8
7.4
9.9
3.8
5.4
7.5
9.9
13.0
8.7
8.0
6.7
4.3
6.5
5.6
7.9
7.6
5.4
6.3
5.8
7.5
11.2
13.0
8.2
7.0
9.9
12.9
8.0
5.6
3.8
4.2
1.6
4.7
12.6
1.2
2.2 -4.5
-1.8
-2.9
-6.0
10.5
11.6
3.5
29
46
50
87
147
129
63
42
28
84

33

26

25

59

2

39

27

238

58

31

67

20

21

25

July

133

SURVEY OF CURRENT BUSINESS
Table 4.—Corrections for NIPA Tables, 1970-76, Showing Monthly Data

Col. 9 DPI
1972$
1959
1970
1971
1972
1973
1974
1975
1976

... ,

864.7
857.5
874.9
906.8

„

...

1959
January
March

.

May
June
July
August
September
October
November
December

1973
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

,

.

July
August ............
September
October
November.,
,
December , .. . . . .

1976
January..,,,
February
,
March
April
May........
June
July
August
September......
October..
November
December .,

.....

,.
, ... .

,.,,.,.

,,.,.

....
,

.,..„,

.,
,,....,.,

See note at end of table 1.




,

... ,. .
.. ,.
„

Col. 10 Per
capita DPI

Table 7.13

Table 2.9

Table 2.7

Col. 11 Per
capita DPI
1972$

Col. 12
Population

1,911
3,390
3,620
3,860
4,315
4,667
5,075
5,477

2,709
3,665
3,752
3,860
4,080
4,009
4,051
4,158

177,073
205,089
207,692
209,924
211,939
213,898
215,981
218,086

1,875
1,883
1,894
1,908
1,918
1,928
1,926
1,907
1,907
1,907
1,924
1,949

2,685
2,690
2,709
2,722
2,730
2,733
2,725
2,691
2,684
2,681
2,706
2,742

175,818
176,044
176,274
176,503
176,723
176,954
177,208
177,479
177,755
178,026
178,273
178,504

Col. 1 PCE

767.9
762.8
779.4
823.1

Col. 6
Nondur
goods

Col. 7 Food

307.4
302.5
307.5
321.9

153.1
151.9
156.1
164.1

762.3
774.5
768.1
769.1
762.8

309.9
311.1
308.6
306.8
305.6
306.4
311.6
302.7
307.8
306.0
307.3
304.7

157.2
156.5
154.3
153.3
152.1
152.4
156.9
149.5
151.6
151.1
150.7
151.1

Col. 1 PCE

Col. 6
Nondur
goods

Col. 7 Food

108.5
123.4
132.5
137.2

112.4
127.6
136.8
140.5

107.0
107.2
107.9
108.8
109.7

102.8
103.7
105.0
106.1
107.0
107.9
108.1
110.6
110.7
111.9
113.4
114.7

104.0
105.4
107.5
108.9
110.4
111.4
111.9
116.7
116.8
117.7
119.2
120.4

116.4
125.3
131.7

845.9
857.9
861.8
862.5
861.1
863.2
868.4
864.1
871.3
873.8
874.8
v 8713

4,008
4,062
4,078
4,078
4,068
4,075
4,096
4,072
4,103
4,111
4,112
4,093

865.5
859.6
855.6
857.6
860.2
861.4
864.6
859.1
854.5
855.0
849.1
848.4

4,063
4,033
4,011
4,018
4,027
4,030
4,041
4,012
3,986
3,985
3,955
3,948

763.6
759.1
761.0
763.4
764.8
764.1
767.9
774.2
766.1
762.9
754'.0
752.5

304.4
302.3
301.0
302.7
302.4
302.8
305.2
305.2
302.9
302.5
300.8
297.7

150.9
149.8
149.0
150.0
149.5
151.4
153.6
155.2
153.7
153.4
154.1
151.7

110.8
112.1
113.3
114.0
115.1
115.9
116.7
117.8
119.1
120.0
120.9
121.6

116.4
118.6
120.3
121.0
122.3
122.9
123.4
125.0
126.4
127.3
128.3
129.1

122.0
124.4
125.6
125.6
126.5
126.3
126.0
127.8
129.8
131.0
132.3
133.1

843.4
845.7
846.1
865.2
922.4
886.7
873.0
878.8
882.9
885.0
885.9
884.4

3,923
3,931
3,930
4,016
4,277
4,107
4,040
4,063
4,078
4,085
4,085
4,075

759.1
766.6
764.3
765.1
780.4
781.2
783.6
784.9
787.8
786.9
793.5
799.7

301.6
302.8
303.9
301.9
311.4
310.1
308.1
309.6
309.4
307.5
311.3
311.8

153.6
154.2
155.5
155.3
158.1
157.6
156.3
156.2
156.7
156.3
157.1
156.5

122.1
122.5
123.0
123.5
123,8
124.6
125.8
126.4
126.8
127.5
128.1
128.9

129.3
129.6
129.7
130.1
130.5
131.7
133.6
134.2
134.2
135.1
135.4
136.1

133.5
133.7
133.4
133.4
. 134.4
136.0
138,3
138.9
138.7
139.7
140.4
141.1

893.0
901.7
903.9
904.4
904.6
903.3
908.3
909.1
909.3
909.0
915.9
918.8

4,112
4,149
4,157
4,156
4,154
4,145
4,164
4,164
4,161
4,156
4,184
4,194

* 808.6
808.5

316.4
315.4
317.2
320.0
317.7
322.7
322.6
323.7
324.2
326.3
326.3
330.0

, 159.8
159.7
161.8
162.3
162.4
164.7
164.5
165.8
165.9
166.9
166.6
169.1

129.3
129.3

136.3
135.6
135.4
135.6
136.4
136,7
137.1
137.8
138.3
138.8
139.1
139.4

140.8
139.8
139.1
139.4
140.1
140.1
140.4
140.9
141.1
141.6
141.2
141,4

770.0
766.2
767.6
765.0

818.4
821.5
824.3
825.6
829.7
830.9

103.5
104,2
104.8
105.4

130.0
131,2
131.7
132.4
133.1
133.9

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SURVEY OF CURRENT BUSINESS

136

July

Errata: U.S. International Transactions, First Quarter 1982
Table 10 of "U.S. International Transactions, First Quarter 1982" in the June 1982 Survey of Current Business
contained errors in the rows for foreign assets in the United States for the geographic areas shown on pages
64 and 65. The corrected section of the table is shown below.

Western Europe
(Credits + ; debits -) J

Line

Other U.S. Government liabilities 8
U.S. liabilities reported by U.S. banks, not included elsewhere...
Other foreign official assets 9

61
62
63

Other foreign assets in the United States net
Direct investment
.
..
Equity and intercompany accounts..
., ..
Reinvested earnings of incorporated affiliates
U S Treasury securities
...
.
U.S. securities other than U.S. Treasury securities. ..... ... ....... ...
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term.
,
Short-term
..
,..
U.S. liabilities reported by U.S. banks, not included elsewhere:
Long-term
Short-term

64
65
66
67
68
69

Statistical discrepancy (sum of above items with sign reversed)

-319

-149

(17)

-154
14

814
17

802

17

-6,416




(17)

(17)

8,338
6,168
2,170
(17)

(17)

534

1,920

(*)

800

14

171

1979

1981
... ...

(17)

(17)

-2,746

1980

(*)

(17)

5,072
2,494
2,578

5,081
2,887
2,194

1979

-73

(17)

(17)

14

1981

1980

1979

17

159

14

-8,374

17

1,129

-12
-22

-3,496

(17)

(17)

-33

14

17

17

96

-3,251

70
71 j

12
66

-2,424

1980

2,935 1
931
532
399
(16)

632
14

552
(16)

-3,546

14

(17)

I <-

17,251
8,262
4,890
3,372

(1 6)

(16)

29,239
12,403
9,528
2,875
(16)

(17)

356

3,954

5,308

990

997

"2,916

14

7,249
4,682
2,567

14

513

O6)

(16)

(16)

-6,850

3 623

5,385

17

14

1,580

12,022

1981

33

48
(16)

3,043
1656
1593
63

(16)

(16)

930

1 034

333

14

1979
5

1 838
1476
362
(17)

(16)

(16)

-7,232

-2,489

14

17

-18,062

17

-11,359

3,276
2,598
678
( 17 )
2,855

11,662
8,810
2,852
4,817

2,143
1,777
366
(")
1,128

159

i4774

14

2,355

17

17

- 5,226
4,034

14

14

-314

1,558

J7

11,887

17

-43

Australia; New Zealand, and
South Africa

1981

1979
26

200

25

(")

(17)

17

( )

(17)

(17)

( )

1 513
934
579

1 307
821
486

744
282
462

732
92
639

2 662
1 988
675

72
69
g

42
33
g

283
277
g

82

292

1,766
5,187
10,590

97
14

17

122

(17)

208
14

-7,053

14

22

29,799 "-13,326
26,208

(17)

(17)

17

14

241

5,716
9,431

17

(17)

5,382

12,392

86

14

-156

17

14

159
17

-2,275

288
17

(17)

(17)
AO

H

Line

1981

1980

218

(17)

3,476
3,030

-4,549

-6,240

Japan

1980

(17)

3,019

(17)

332

-126

14

2,439
1,694
745

7,530
4,210
3,320
(l7)
3,553

252

(17)

87

(17)

(17)

19

i) ,•>

371

86

-85

(17)

(")

-4,095

1979

1981

1980

-26

(17,

- 3,523

Latin American Republics and
Other Western Hemisphere

79

(17)

(17)

1981

1980

-252

17

-12,108

1979

1981

1980
-414

32

27,077
8,159
5,438
2,721

(16)

7,203
2811
1246
1 565

1979

-169

(16)

14

72
73 }
74
75

18
(16)

{

2
14

«-,.

}

1981

-277

268

Canada

Eastern Europe

European Communities (6)

1980

1979

United Kingdom

EC (10) »

European Communities
(9) »

132
438

-2,789

I*
CK
66
on

AR

68
an

64

(70

302

1 72
(73
74
75

14

17

61

/62
J63

-4,705

1 71

CURRENT BUSINESS STATISTICS

THE STATISTICS here update series published in the 1979 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY OF CURRENT
BUSINESS. That volume (available from the Superintendent of Documents for $9.50, stock no. 003-010-00089-9) provides a description of each series, references to
sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1975 through 1978, annually, 1947-78; for selected series, monthly
or quarterly, 1947-78 (where available).
The sources of the series are given in the 1979 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed
alphabetically on pages 171-172. Series originating in Government agencies are not copyrighted and may be reprinted freely. Series from private sources are
provided through the courtesy of the compilers, and are subject to their copyrights.
1980

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1981

1982

1981

Annual

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

GENERAL BUSINESS INDICATORS
PERSONAL INCOME BY SOURCE t
Seasonally adjusted, at annual rates: t
Total personal income
.
bil $
Wage and salary disbursements, total
do...
Commodity-producing industries, total.... do...
Manufacturing
do
Distributive industries
do...
Servics industries
do
Govt. and govt. enterprises
doOther labor income
do
Proprietors' income: $
Farm
do
Nonfarm
.
do
Rental income of persons with capital
consumption adjustment
Dividends . .
Personal interest income .
Transfer payments
Less: Personal contrib. for social insur
Total nonfarm income

bil $
do
do
do
do....
do

DISPOSITION OF PERSONAL INCOME *
Seasonally adjusted, at annual rates:
Total personal income
bil $
Less: Personal tax and nontax payments..
do....
Equals: Disposable personal income
do....
Less: Personal outlays . . . . . . .
do
Personal consumption expenditures
do....
Durable goods
do
Nondurable goods
.
. do
Services
do
Interest paid by consumers to
business
do
Personal transfer payments to
foreigners (net)
do .
Equals: personal saving
do ..
Personal saving as percentage of disposable
personal income §
percent..
Disposable personal income in constant (1972)
dollars
bil $
Personal consumption expenditures in
constant (1972) dollars
do...
Durable goods.
do
Nondurable goods
do....
Services
do
Implicit price deflator for personal consumption
expenditures...
. ..index 1972—100
INDUSTRIAL PRODUCTION
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
Total index
1967=100..
By industry groupings:
Mining and utilities
.
do
Manufacturing
.
do
Nondurable manufactures
do....
Durable manufactures
do
Seasonally Adjusted
Total index
do
By market groupings:
Products, total
Final products.
Consumer goods
See footnotes at end of tables.




,

do
do
do....

r

2 160 4
l,356.1
r
468.0
r
3544
r
330.5

r

r
2974
r
260.2
r

!272

r
2 415 8 r2 379 1 '2 398 4 r2 436 3 '2 459 6 '2 478 6 '2 487 2 '2 499 0 '24976 '2 499 1 '2 513 8 '2 518 6 '2 534 3 '2 552 7 2 561 4
1,493.9 1,479.8
1,489.6 1,501.3 1,513.6 1,522.1 1,528.9 1,534.2 1,530.5 1,535.7 1,546.6 1,542.6 1,546.6 1,559.5 1,561.6
'510.8 rr506.8 rr512.1 rr517.3 rr520.2 r'520.2 r520.4 '518.7 '514.0 '513.5 '517.1 '512.2 '511.6 '514.7
513.5
r
3864
3878
3897
391 9
3937
393 1 '392 1 '3894 '3847 '383 7 '3876 '384 1 '3839 '3860
386 5
r
361.4 r358.9 r3606 '3633 r3667 r3696 r3677 '3693 '3678 '369 7 '3730 '3714 '3725 '3769
3776
r
3 '335 9 '3386 '343 9 '3458 '349 7 '3538 '355 o
369 i
3386 1-334
'357 0 '360 1 '361 4 '363 7 '367 9
r
r
r
r
r
r
r
283.1
279.9
281.0
282.1
282.8
286.5
291.1 '292.5 '293.6 '295.4 '296.4 '297.6 '298.8 '300.1
301.4
1404
138 2 139 4 140 9 '1422 '143 5 '144 7 '145 8 '146 9
'1480 '149 1 '1502 '151 3 '152 5
153 6

r
!94
r

969

r
240
1007

r
329
r
559
r
2634
r

r
33 9
r
625
r
3290
r

r
221
101 4

r
232
100 5

'261
'1005

'282
'1004

r
272
100 3

'263
'990

'247
'100 1

'228
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199

173

163

'98 6

'98 4

'988

'152
'99 9

157
'993

15 0
100 8

'334
'334
'339
'34 i
'33 6
'336
'34 2
'336
1
'33 6
'340
'33 7
'33 9
34 3
r
r
'64 7
'65 4
'65 9
'636
'656
'650
61 5
624
64 2
'65 2
'65 9
'66 1
'662
66 1
'355
5
'3497
'332
1
'346
9
'3400
'320 2 '3252
'351 1 '352 1
'3598 '3638 '3680 '371 8
3756
r
F
r
2972
3363
3258
3292 '344 i
3439 '3465 '347 i '351 5 '3536 '3524 '3538 '3575 '3639 '365 l
365 9
'88.7
104.9
104.1 104.6
105.6 106.2 106.3 107.0
107.2
106.8
110.6
110.3
110.9
111.7
110.8
111.5
'2 117 3 r2 364 1 '23298 '2 347 6 '2 382 2 '2 403 0 r2 422 7 '2 431 8 '2 444 6 '2 444 6 '2 448 6 '2 465 5 '2 470 8 '2 486 6 '2505 1 25134
r
34
r

r

2r 160 4 '2 415 8 '2r 379 1 '2r 398 4 '2 436 3 '2 459 6 '2 478 6 '2 487 2
336.3 r '386>
385.6
388.7 '394!3 r399.0 r401.1 '391.2
1,824.1
2,029.1 1,993.5 r2,009.7 '2,042.0 r2,060.6 r2,077.5 r2,096.0
r
l
717
9
1
898
9
1
870
1
1
885 91 905 61 932 7'1 938 7 '1 930 2
r
l,667.2
1,843.2
1,815.0 1,830.1 li849!5 1,875.9 1,881.2 1,872.1
r
r
214 3
'229 5 '2339 '2487 '241 1 '228 1
234
6
'2290
r
'7251 r7336 r7356 '741 7 '746 4 '742 7
6704
'734 5
r
r
'374 i
782 5
861 0 '867 o '8799 '885 5 '893 7 '901 3

'499

'551
r

'0.8

06

'543
r

08

106.2

1302

1234

r

r

r

5.8

10180
r

6.4

6.1

'549
r

'555
r

08

1238

07

'561
r

r

'2 552 7
'400.8
'2,151.9
'2 023 1
1,963.9
'251 0
'760 4
'952 4

2 561 4
404.0
2,157.4
2012 7
1,953.4
2380
7622
953 2

'575

'576

'57 7

'577

'579

'58 2

'58 3

'07

'07

'0 8

'0 8

'09

'09

09

1618

1483

'143 4

'1306

'1433

'09
'152 5

'1288

144 7

'7.6

'7.2

'67

'6.6

'67

'66

66

1388

'165 8

r

r

r

r

6.5

'2 534 3
'387.7
'2,146.5
'1 994 0
1,935.0
'2388
'747 o
'949 2

'0 6

127 9

6.3

'2 518 6
'394.2
'2,124.4
'1 981 1
1,922.4
'2388
'745 4
'938 2

'57 4

136 4

'6.3

'2 499 1 '2 513 8
'389.9 '396.3
'2,109.2 '2,117.5
'1 965 8 '1 986 9
1,907.4 1,928.3
'234 7 '240 1
'7460 '755 9
'926 7 '9323

06

'569

06

'2 499 0 '2 497 6
'393.9 '394.7
'2,105.1 '2,103.0
1 943 3'1 954 7
1,885.1 1,896.4
'230 7 '230 1
'745 9 '751 0
'908 5 '915 3

6.9

7.4

584

1 043 11 034 21 038 41 046 11 050 11 050 1'1 054 i '1 053 0 '1 048 6 1 042 91 047 7'1 050 0 '1 057 5 1 055 4

930.5
137 1
r
355.8
'437 6

r

947 7
1400
r
362.4
'445 2

'941 6
135
5
r
3593
'4447

'9456
137
3
r
3631
'445 2

r

947 5
138 8
'361 9
r
446 8

r
9560
r

!46 7
'3636
'445 7

950 8
141 1
'3635
r
446 2

'941 5
'133 6
'361 5
'446 4

'943 0
'134 8
'362 7
'445 5

'9456
133 9
'365 1
'446 7

'943 1
'135 4
'359 5
'448 2

'954 1
'139 0
'365 5
'449 6

'950 1
'361 4
'450 7

'953 2
'137 7
'362 7
'452 8

9632
143 6
368 0
451 7

1792

194 5

192 8

193 5

195 2

'1962

197 8

'198 8

'199 9

'200 5

'202 2

'202 1

'202 3

'203 0

203 9

147.0

151.0

152.6

156.5

151.0

155.4

155.8

152.4

146.4

139.1

136.6

142.7

142.0

139.3

"138.8

e

P

e

r

rl qo n.

!41.6

1495

155 0

145 5

1556

161 4

164 1

156 8

152 5

152 0

155 2

164 3

159 7

'152 7

1504
164.8
1405

153 4
166.1
144 7

1566
170.5
1470

1495
163.9
1395

154 3
172.2
1420

1555
173.4
143 1

152 4
169.3
140 7

145 6
161.0
134 9

137 0
149.4
128 4

133 1
147.1
123 4

140 7
156.6
129 7

140 7
156.6
129 7

142 4
138 5
"154.9
"127 1

el AK K

1467
161.2
1367

'146 4
'138 4
154.8
'127 0

P

1470

151 0

1527

1529

153 9

1536

151 6

149 1

146 3

143 4

140 7

142 9

141 7

'140 2

pi qq A

el qo A

1467
1453
145.4

1506
1495
147.9

1523
151 3
150.7

1522
151 4
150.3

1530
152 1
150.7

1526
151 5
149.6

151 0
1500
147.8

149 4
148 9
146.5

147 5
147 2
144.0

146 2
146 3
142.0

142 9
142 8
139.6

144 6
144 1
141.8

'143 7

142 9
'142 7
142.2

"142 4

e

P149 9

141 °.
6

rljq O

141.5

"143.3

!40 9
159.0
el OC K

e

!41 3

143.4

S-l

S-2

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
hi the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

July 1982
1982

1981
May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Seasonally Adjusted— Continued
By market groupings—Continued
Final products—Continued
Durable consumer goods
1967=100..
Automotive products
do....
Autos and utility vehicles
do....
Autos
do....
Home goods
do....
Nondurable consumer goods
do....
Clothing
do
Consumer staples
do....
Consumer foods and tobacco
do
Nonfood staples
do
Equipment
do
Business equipment
do....
Industrial equipment #
do....
Building and mining equip
do....
Manufacturing equipment
do....
Commercial, transit, farm eq. #
do....
Commercial equipment
do....
Transit equipment
do....
Defense and space equipment...
do....
Intermediate products
do ..
Construction supplies
do....
Business supplies
.
. do .
Materials .
do. ..
Durable goods materials
do....
Nondurable goods materials
. .
. do.
Energy materials
do....
By industry groupings:
Mining and utilities
do
Mining . . ...
. . . . ..
do .
Metal mining do
Coal
do
Oil and gas extraction #
do....
Crude oil
do
Natural gas
....
. . do .

120.1
109.2
71.6
61.3
126.3
147.4

125.9
117.5
82.0
70.5
130.6
148.1

128.1
125.0
93.6
79.8
129.9
146.8

130.7
130.0
100.6
87.2
131.1
146.8

"133.6
"139.1
"111.8
"96.1
"130.5
"147.2

e
!35.9
e

158.9
150.0
169.1
147.2
172.2
158.1
289.0
116.9
188.5
256.1
109.0
105.2
143.4
124.2
162.4
137.2
129.7
156.8
130.9

159.2
151 1
168.7
147.3
171.6
155.9
274.9
116.8
189.9
256.4
110.4
106.5
146.3
127.5
165.1
140.4
132.4
164.2
130.3

158.1
149.6
168.0
145.9
169.0
151.2
256.9
116.3
189.5
257.8
110.5
107.0
145.2
125.6
164.6
138.5
130.7
162.0
128.2

158.3
148.4
169.7
143.3
164.9
145.9
r
242.2
114.0
186.9
r
253.1
110.9
106.9
143.5
122.9
164.0
136.1
127.8
160.3
126.1

"158.7

e

"169.1
"140.9
"160.8
"139.8
"225.6
"110.6
P
185.0
"248.9
"110.8
"107.6
"142.6
"122.4
"162.7
"134.8
"126.4
"158.2
"125.8

e

157.4
144.5
121.3
147.9
151.5
96.2
111.3
1158
171.8
195.2
138.5
155.1
151.1
112.7
120.0

155.6
142.4
120.8
156.0
146.6
94.7
108.8
1205
170.4
192.5
140.9
157.8
151.7
126.7
125.8

153.1
138.1
109.9
155.6
141.4
r
94.2
107.8
1216
170.0
191.7
140.1
157.3
150.8
126.7
126.0

151.3
133.6
104.0
146.2
137.4
r
95.1

"148.9
"130.2
"96.8
"150.7
"133.1
"94.4

146.2
126.7

119 6
171.0
193.1
138.7
156.2
149.4
116.1
126.3

"1169
"169.9
"191.6
"138.2
"155.3

148.3
145.6
196.7
123.3
2447
63.1
127.1
84.1
99.2
144.3
128.5
89.7
79.6
108.9
120.7
160.9
168.2
96.6
90.4
162.2

151.5
146.4
201.3
119.5
2518
64.0
129.3
83.8
104.9
148.4
135.0
88.5
78.5
106.7
121.4
160.0
172.9
102.0
98.6
164.5

150.6
145.9
200.3
121.3
r
2534
61.2
128.2
r
83.8
103.5
150.2
131.5
r
83.0
r
73.0
100.7
121.1
157.3
172.6
104.4
105.6
163.0

149.7
144.2
198.5
121.6
2551
r
59.6
126.6
'84.8
103.6
151.8
127.0
r
76.5
r
65.1
96.0
119.1
153.7
172.0
105.9
110.8
162.8

"146.8
"143.4
"195.0
"123.7
"2539
"62.0
"126.4
"86.0
"108.3
"150.9
"126.8
"74.0
"62.6
"93.5
"117.3
"151.4
"170.9
"110.0
"119.8
"164.0

mil $ 3 846 477 4 200 227 353 099 366 401 341 248 349 730 357 025 358 871 343 537 359 212 309 039 324 533 357 025 '343 372
r
r
;
do X3 846 477 *4 200 227 349 245 354 442 354 759 352 783 353 717 345 287 345,213 342,226 336,548 342,701 343,299 340,450
157,179
do 1845934 x l 997 775 167 527 171 494 170 324 169 518 168,581 164,085 161,979 161,081 156,861 159,429 158,442
r
r
936 030 1 019879 86664 88 770 87319 86841 86179 82583 81641 81 146 77740 79759 79,454 r79,020
N A r hip ffnnrta indimtrips
Act
909*903 977 896 80*863 82724 83*005 82677 82402 81 502 80338 79935 79 121 79670 79988 78 159
1951 902 1 038 790 86361 87299 87292 87961 87823 86413 86,733 86,572 85,320 87,418 87,277 rr88,294
Retail trade total §
do
296 594 326 596 27488 27725 27759 28,098 27,810 26,354 26,436 26,206 25,316 26,696 26,958 r27,984
Durable goods stores
do
655 308 712 194 58 873 59 574 59533 59863 60013 60059 60297 60 366 60004 60722 60319 60 310
on ura e goo s s ores .
r
i lercna t
o
,
a .... 11055 168 1 174072 98964 98027 97 445 97 359 97 440 96 249 96 738 94920 94367 95854 97580 r94977
448 040 499970 42358 42*449 42288 42 144 41 562 40843 41410 40930 40*323 40597 39408 r38 482
N H hi
H
t hi' h
t
A
56,495
54044
58,172
53990
55257
55328
55878
55406
56606
55*578
55157
55215
607 128 674 102
Mfg. and trade sales in constant (1972) dollars
152.2
152.5
151.0
148.4
153.2
152.4
158.5
159.0
158.2 157.7
153.4
160.2
(seas adj.), total *
bil. $..
r
r
67.7
68.8
68.8
69.8
67.0
69.4
73.4
742
75.7
74.6
73.8
70.8
Manufacturing *
do
r
r
r
r
r
r
r
45.1
44.9
44.1
44.8
45.1
45.0
45.9
45.9
44.9
45.7
46.8
46.4
Retail trade *
do....
r
38.3
38.9
38.2
38.5
38.0
37.3
38.5
38.4
37.8
38.5
38.1
37.6
Merchant wholesalers *
do....
See footnotes at end of tables.

347 888
348,966
161,249
81,134
80 115
90,682
29,267
61415
97035
38275
58,760

Utilities
Electric
Manufacturing
. .
Nondurable manufactures
Foods
Tobacco products ..
Textile mill products

.

do....
do. .
do .
do....
do. .
. do .
do....

.......

Paper and products
Printing and publishing
Chemicals and products
Petroleum products
Leather and products
Durable manufactures
Ordnance, pvt. and govt
Lumber and products
Furniture and fixtures
Clay glass and stone products
Primary metals
Iron and steel
Nonferrous metals
Fabricated metal products
Nonelectrical machinery
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments
i
BUSINESS SALES
Mfs and trade sales (unadj ) total i
Mfg and trade sales (seas adj ) total $
Manufacturing total "t"




do.. .
do....
do
do....

.

do
do
do....
do
do....
do
do.
do
do
do....
do
do....
do
do....
do

136.7
132.8
110.1
103.6
138.9
148.9
1260
155.2
1474
1643
1452
173.2
156.5
239.9
128.2
192.4
237.8
139.9
98.2
1519
140.9
1628
1476
143.0
1715
129.3

140.5
137.9
111.2
103.4
142.0
150.9
1198
159.5
1503
1700
151.8
181.1
166.4
286.2
127.9
198.0
258.7
125.4
102.7
154.4
141.9
166.7
151.6
149.1
174.6
129.0

147.3
151.8
129.1
120.0
144.8
152.1
1221
160.3
1513
1708
1521
182.0
167.0
286.4
128.4
199.4
258.0
130.0
102.0
156.1
146.5
165 6
153.4
152.8
179.0
123.0

147.9
153.1
131.4
122.2
145.0
151.2
1209
159.6
1496
1713
1530
183.6
169.0
289.7
130.6
200.4
259.9
129.7
101.7
154.9
143.4
166.2
154.0
152.4
176.9
129.3

146.5
147.6
123.0
118.1
145.8
152.3
1228
160.5
1505
1722
1541
184.8
169.4
290.3
130.8
202.5
263.7
128.4
102.6
156.2
144.3
168.0
155.3
153.6
176.5
133.3

142.5
137.6
107.8
104.0
145.3
152.5
1219
161.0
1506
1730
154.0
184.4
170.2
293.0
130.8
200.9
264.3
124.6
102.8
156.8
144.0
169.5
155.2
154.3
175.4
132.6

140.4
139.1
110.0
103.3
141.1
150.8
1193
159.5
1495
171 1
1529
182.7
168.9
293.6
129.3
198.5
264.2
121.0
103.0
154.6
139.7
169.4
152.5
150.4
175.5
128.9

136.3
132.8
101.7
92.5
138.2
150.5
1178
159.6
1507
169.9
152.1
180.5
166.9
295.6
125.7
196.2
259.8
120.6
104.5
151.4
135.2
167.5
148.5
145.6
170.6
128.3

129.7
121.7
88.9
81.1
134.1
149.7
1161
159.0
1504
169.1
151.5
179.0
165.1
293.8
123.6
195.0
260.6
116.6
105.3
148.7
130.1
167.1
144.6
141.0
164.7
128.1

123.2
119.2
87.5
78.1
125.4
149.5
113.8
159.4
1509
169.3
152.1
179.0
164.0
294.6
122.0
196.3
262.9
117.5
107.0
145.9
127.0
164.6
139.0
134.0
158.3
127.4

1495
1327
1092
1467
133.3
949
111 1
1328
168.3
1897
1467
161.2
1496
1199
138.6
1270
151 1
139.6
2071
132.9
2557
701
1367
78.5
1193
150.0
1475
102.3
924
1198
134.1
1628
172.8
1169
119.0
171 1

1550
142.2
1231
1413
146.8
951
111.8
1294
169.1
190.9
150.4
164.8
152.1
122.2
135.7
1204
155.0
144.2
2156
129.7
2740
693
1405
81.1
1191
157.2
1479
107.9
998
1224
136.4
1712
178.4
1161
122.3
170.3

1521
135.4
1250
770
146.2
952
111.8
1322
170.7
192.9
152.8
166.4
152.2
122.3
138.8
122 6
155.9
141.3
2206
129.8
2803
69 8
143.5
80.9
1262
158.9
1517
111.9
105.6
1216
138.4
172.1
179.9
123.7
136.4
170.6

156.3
141.7
1235
122.9
148.2
962
112.8
1327
172.7
195.6
152.4
165.8
151.3
120.9
138.3
121 1
153k
143.1
2184
129.3
285 1
684
1432
80.9
1225
162.4
1481
107.4
98.5
1231
139.3
1741
180.1
123.4
137.5
171.3

159 1
146.5
1236
1700
147.7
952
111.5
1333
173.1
196.2
153.2
167.1
151.6
121.3
139.4
1226
1549
144.4
2215
128.7
285 3
70.1
143.6
80.6
1229
164.9
1487
109.4
99.7
1318
140.1
176.7
180.9
119.8
130.5
172.1

158.2
146.0
1241
167.4
148.2
948
116.8
1282
171.9
194.2
153.2
167.3
151.9
1238
140.7
1226
156.7
146.1
2192
130.4
2867
696
1434
81.8
119 1
163.3
1482
113.1
105.1
1288
140.0
176.4
182.6
115.4
123.1
172.3

1558
145.0
1215
1619
148.8
950
111.5
1234
167.8
188.3
151.1
165.9
150.7
122.4
136.3
1225
158.6
145.9
2163
129.1
2822
69.7
140.9
82.3
1132
159.9
147.3
108.6
99.2
1250
136.8
173.9
180.0
114.2
120.4
169.7

156.1
145.3
1198
166.9
148.9
940
111.9
1220
168.1
189.4
148.0
162.8
151.4
124.3
132.5
1178
153.3
145.6
2088
128.3
2760
71.2
137.8
82.5
1096
157.2
143.4
102.3
92.2
1193
133.8
169.7
179.6
110.6
113.8
168.6

155.4
143.3
1154
160.8
148.4
93.9
108.1
116 7
168.9
190.9
145.0
160.3
153.0
119.6
126.1
1138
152.6
143.4
204.6
128.0
264 1
70.8
134.4
84.3
104.7
153.7
135.9
96.6
87.2
112.8
130.2
167.9
175.7
106.1
105.5
167.1

154.7
142.6
110.9
145.5
150.5
94.5
110.5
115 7
168.2
190.2
142.0
157.4
152.8
112.6
122.8
1141
146.6
145.3
199.8
128.3
247 3
65.6
131.3
85.5
104.8
149.4
131.5
89.6
79.2
108.0
126.1
167.4
170.7
103.7
100.4
166.8

!43.0

*10L9
•131.9
e
!46.4
!57.6

!68.2
!38.3
156.4
e
!34.0
e
210.1
e
!07.1
e
!82.3
e
245.1
e
!08.6
e
!08.0
e
!41.6
121.5
e

133.9
e
!25.8
e
!56.7
125.0

e

!47.7
129.2

e
!68.0
e

!89.1
!37.3
154.6
e

"125.1

154.5
69.1
46.0
39.4

e

!44.8
142.5
124.7
125.3
6
86.3

e

70.9

e
l!5.0
e
!48.4
e

!70.1
•111.4
e
!24.0
164.9

M

S-3

SURVEY OF CURRENT BUSINESS

July 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

May

Annual

1982

1981
June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

GENERAL BUSINESS INDICATORS—Continued
BUSINESS INVENTORIES
Mfg. and trade inventories, book value, end of year
or month (unadj.), total $.
mil $

470 769

506 647 492 671 494 485 495 544 498 254 504 114 513 410 520 102 506 647 507 968 508 026 511 118 '513 262 508 034

Mfg. and trade inventories, book value, end of year
or month (seas, adj.), total $
.. mil $

475,202

513 286 490 254 494 226 498 098 502 458 508 132 511 682 515 165 513 286
276 414 269 260 269 709 271 872 273 361 276 616 278 440 279 544 276 414
185,226 177,635 178,676 180 855 182 221 185 140 186 718 ' 187 275 185 226
91,188 91,625 91,033 91,017 91,140 91,476 91,722 92,269 91,188
125 693 118 191 120 010 121 993 123 34" 124 376 125 364 125 618 125 693
58835 55560 56 764 57 865 58545 58 761 59014 58 907 58835
66,858 62,631 63,246 64,128 64,796 65,615 66,350 66,711 66,858
111 179 105 349 106 756 105 768 107 516 108 802 108 708 110 243 111 179
73,746 68,958 69480 68929 70379 71842 71943 73 479 73 746
37,433 36,391 37,276 36,839 37 137 36960 36765 36764 37433

Manufacturing, total f
Durable goods industries
Nondurable goods industries
Retail trade total §
Durable goods stores
Nondurable goods stores

..

Merchant wholesalers, total @
Durable goods establishments
Nondurable goods establishments

do..
do..
do-

257,979
171,603
86,376

do
do
do..

114 114
53747
60,367

do..
do..
do..

104 441
67,033
37,408

Mfg. and trade inventories in constant(1972)dollars,
end of year or month(seas,adj.),total*
bil. $
Manufacturing *
do,.
Retail trade *
do..
Merchant wholesalers *
do...

263.9
1466
64.3

531

265.4
1463
65.2

538

266.5
1468
66.4

532

267.1
146 9
66.3

539

r

269.4
1494
r
65.9
r
54 1

r
270.5
r

!498
'66.3
r
544

'271.2
F
149
8
r
66.2
'55 1

r
269.9
r

!484
66.1
r
55 3

510 460 508 315 507 619 '510 076 505 699
275 175 276 206 274 918 '274 179 271 512
184 057 184 470 183 430 '183 356 182 289
91,118 91,736 91,488 '90,823 89,223
124 13 123 395 123 332 '123 175 122 418
57807 56 957 56 803 '56 803 56*663
66,324 66,438 66,529 '66,512 66493
111 154 108 714 109 369 112 722 111 769
73 110 71 859 72 565 '74 668 73 246
38044 36855 36804 '38 054 38 523
r

267.7
146
9
r
65.4
r
55 4

r
266.5
r
!46
9
r
65.0
r

54 5

r
266.0
146
4
r
651
r
54 5

r
266.8
'146 0
'651

rCC 7

2658
•I /4E A

649
KA Q

BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total $
Manufacturing, total t
Durable goods industries
Materials and supplies
Work in process
Finished goods
Nondurable goods industries............
Materials and supplies
Work in process
Finished goods
Retail trade, total §
Durable goods stores
Nondurable goods stores

ratio.

1.45

1.42

1.40

139

140

142

1 44

148

1 49

1 50

1 52

1 48

1 48

do
do...
do...
do...
do...

165

162
212

161
205

1 57

0.63
092

0.65
094

226

229

0.70
1 03

0.71
1 05
0 54

1 72
2 28
0.70
1 04

2 31
0.71
1 06
0 55

2 31
0.70

054

1 75
2 37
0.73
1 08
0 56

1 7/4

207

1 73

0.64
092

1 64
2 15
0.67
098

1 70

0.66
097

1 61
2 10
0.65
096

1 73

201

1 60

do....
do....
do....
... do..,.
do....
do....
do....

,

Merchant wholesalers, total @
Durable goods establishments
Nondurable goods establishments

do....
do,...
do....

Manufacturing and trade in constant (1972) dollars,
total *
do
Manufacturing *
do. .
Retail trade *
do....
Merchant wholesalers *
do....

2.16
0.70
096
0.50

049

1.13
0.46
0.18

1.11
0.45
0.18

046
1.13
0.45

1.08

2.08
1.07

019
049
137
202
106

1.13
1.70
0.70

1.09
1.67
0.66

1.06
1.63
0.64
1 67

048
141
214

048
139

198
1 41

138

046

048

049

051

053

1.10
0.44

1.10
0.44
0 17

1.10
0.44

1.11
0.45
0 18

049

1.13
0.45
0 17

050

1.15
0.46
0 18
0 51

1.14
0.46
0 18
0 49

1.15
0.47
0 18
0 50

1 45
2 24
1 11

223

1 45
1 11

1 45
2 25
1 11

1.13
1.76
0.66

1.14
1.77
0.66

1.17
1.80
0.69

018
049
138
205
106

049

018
048

1 40

1 40

209
108

208

1 08

1 42
2 11
1 09

1.09
1.64
0.67

1.09
1.63
0.67

1.10
1.67
0.67

1.12
1.73
0.66

1 66
1 93

1 68
1 97
1 45

1 69
1 99
1 42

141
141

138

143

1 71
2 04
1 44
1 41
r

1 76

r
2 12
r

l 48
1 44

r
l
r

77
2 15
1 48
1 43

r
l
r

77
2 14
1
47
r
l 46

•I

AC

0 56

1 50

1 45

9 39

1 fiS
9 OK

0.70
1 n^
0 57
1.16
0.46
0 19
n *»1
1 40
'2 02
'1 10
1.19
194
0.67

1 45
2 28
1 11

1.15
0.46
0 18
0 51
1 di
2 13
1 09

2 11
1 10

1.18
1.81
0.70

1.13
1.77
0.67

1.12
1.84
0.63

rl on

r-i 7C

r
2
r

'2
14
r
l 44
1 42

ri 7/4
rO i q

ri 77
rO 1C

1 45

'1 45
1 46

19
l 48
1 49

1.16
0.46
0 18
n "n
1 4.1

1 40

0.68

1 H9

n *»*%
1 11
0.45
n 17
n AS
i 3^
1 08

1.15

191
066
1 79
911
1 41

1 39

MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Shipments (not seas, adj.), total t
Durable goods industries, total
Stone, clay, and glass products
Primary metals . .
Blast furnaces, steel mills .
..
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products

do.... 1,845,934 1,997,775 169,040 179,978 156,408 166,520 174,010 170,346 161,275 155,673 144,641 160,949 167,154 159,248 162 536
936,030 1,019,879
88,289 95,046 78,497 83,181 88,536 86,763 80,945 78,345 70,029 80,277 '85,366 '80,892 82,500
45,518
49,051
4,279
4,592
4,151
4,288
4,335
4,164
3,824
3,400
3,239
3,541
3867 '3799
3937
Q ft/in rn rni
Q 79£
in tA(\
134 051 137 970 12267 12 628 10 806 11 556 11 724 11 1Q1 in i id
r/4 CKI
A 770
A QKQ
K 177
A QQQ
A (V7Q
62481
70933
6*364
6617
5736
5 921
5*965
5 698
5 154
116,868 123,117 10,800 11,300
9,701 10,535 10,671 10,497
9,297
8,850
8,328
9,464 10,274 '9,925 10,198
182,837 204,644 16,869 18,736 15,465 16,244 17,814 17,136 16,675 17,959 14,843 17,013 17,892 15,652 15,903
125,907 136,583 11338 12330 10351 11 402 12339 11 839 11 583 11 012 10276 11 548 11 955 '11 441 11 404
191,387 219,761 20067 21,924 16373 16547 18286 18828 17 433 16669 13891 16837 18 956 '18 585 19 838
114,909
137,404 13,045 14,397 10,228
9,997 11,039 12,299 10,670
8,939
8534 10255 11829 '12 285 12659
45,993
50,233
4,148
4,552
3,894
4,198
4,587
4,395
4,251
4,237
3,532
4,007
4335 '3906
4229
do.,.. 909,903 977,896 80,751 84,932 77,911 83,339 85,474 83,583 80,330 77,328 74,612 80,672 81,788 '78,356 80036
do.... 254,745 266 111 21749 23171 21 057 22394 23316 22763 21900 21 343 20 361 22 591 22 927 '21 604 01 QOQ
do .
12466
1119
1 9ftQ
1 1Qfi
13623
1 046 1 149
1 186
1 218 1 190
1 164
1 199
1 218
1 135
1 121
do....
46167
50682
4409
4755
3 755
4430
4713
4 320
4001
3 703
3 431
3*991
4 463 '3 929 4 046
do....
6 250
71660
77745
6553
6720
6 106
6658
6690
6 581
6347
5 993
6 622
6 761 '6 384
6 246
do.... 167,099 182,343 15,413 16,153 14,180 15,055 16,078 14,787 14,477 14,800 14,238 15,570 16,403 '15,601 15663
do.... 176,598
194,703 16,236 16,491 15,772 16,458 16,086 16,249 15,778 15,846 15,136 14,397 13,793 14,379 15579
do....
48,060
46,640
3,915
4,227
3,732
4,040
4,087
4,152
3,525
3,329
3387
3,678
3618
3622 '3669
do....
167 527 171 494 170 324 169 518 168 581 164 085 161 979 161 081 156 597 159 429 '158 442 '157 179 161 249
do....
do....
do
do
do....
do.,..
do....
do....
do....
do....

<

Nondurable goods industries, total
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemical and allied products
Petroleum and coal products
Rubber and plastics products
Shipments (seas, adj.), total t
By industry group:
Durable goods industries, total #
Stone, clay, and glass products
Primary metals....,
Blast furnaces, steel mills

do.,..
do....
do....
do....

Q

Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products

do....
do....
do....
do....
do....
do....

86,664
4180
11 824
6209
10594
16775
11597
19130
12257
4208

Nondurable goods industries, total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products

do....
do....
do....
do
do. ..
do....
do....
do....

80863
21931
1034
4350
6426
14875
16,404
3,850

See footnotes at end of tables.




..

flQf]

88770
4207
11 810
6 172
10591
17303
11679
20440
13 378
4257

87319
4250
11 971
6228

86841
4004
11 981
6 111

86 179
4024
11 609
5929

82 583
3845
11 065
5 710

81 641
3 860
10 635
5 518

81 146
3 822
9 803
5 144

10547
17070
11713
18967
12390
4308

10432
17 246
11 682
19431
12 370
4205

10286
17 353
11 667
18956
11 971
4299

9 989
16924
11 262
17 198
10 686
4241

9 494
17 446
11 433
16 803
10 018
4 146

9 440
17417
11 159
17 427
10 018
4 241

82724
22676
1 154
4467
6392
15296
16357
4,074

83005
22638
1 195
4496
6493
15459
15859
4,129

82677
22453
1 186
4 414
6446
15458
16405
3,956

82402
22421
1 211
4427
6537
15 489
16049
3,971

81 502
22 077
1 099
4 061
6489
15053
16479
3,945

80 338
21 493
1 173
3 934
6 533
15328
15830
3.642

79 935
21 296
1 193
3 875
6 553
15 794
15542
3,698

77 476 79 759 '79 454 '79 020
3 877 3 825
3 803 '3 741
a 070 ro ni o
10 542
9 847
5 407
4 339 '4 313
4 997
9 186
9 564
9 783 '9 684
16 103 16 616 16*429 '15 430
11 066 11 300 11 422 '11 476
15 132 16 499 17 100 '17 772
9 013
9 958 in 341 '11 623
3*920
4*103
4 142 '3*957
79 121 79 670 78 988 '78 159
21 914 22 421 22 028 '21 958
1 202
1 182
1 190
1 138
q 707
A nOQ
A 1K1
'3 898
6 500
6 520
6 490 '6 343
15079 15 241 15 206 '14 783
15 112 14080 13809 '14 602
3.673
3.549
3.396 '3.513

";."i!!";

81 134
3 846
8 711
3*979
10 008
15*907
11 647
18 912
11*888
4*292
80 115
22 139
1 182
3 992
6 130
15 119
15742
3.557

••••••••

S-4

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1982

1981

1981

May

Annual

July 1982

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

r

Apr.

May

June

GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS f— Continued
Shipments (seas, adj.) t—Continued
By market category: t
Home goods and apparel
mil. $.. '1135,305
329,447
Consumer staples
do
Equipment and defense prod., exc. auto .... do.... '277,289
Automotive equipment
do.... 11134,879
Construction materials and supplies
do.,.. 1 143,458
825,553
Other materials and supplies ..
... do
Supplementary series:
'58,493
Household durables
do
Capital goods industries
.. ...
do . 1'308,368
267,210
Nondefense
do
'41,158
Defense
do
Inventories, end of year or month: t
Book value (unadjusted), total
Durable goods industries, total
Nondurable goods industries, total

do....
do....
do.,..

256,584
169,616
86,967

Book value (seasonally adjusted), total t— •»» do....
By industry group:
Durable goods industries, total #
do....
Stone, clay, and glass products
do.,..

257,979

Blast furnaces, steel mills

do....

Fabricated metal products
Machinery, except electrical

do.,..
do.,..

Transportation equipment
Motor vehicles and parts
Instruments and related products
By stage of fabrication: t
Materials and supplies

do....
do....
do....
do....

Finished goods
Nondurable goods industries, total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
By stage of fabrication:
Materials and supplies
Work in process
. .
Finished goods

do
do....
do....
do
do
do.,..
do....
do....
do....
do.,..
do
do...

By market category: t
Home goods and apparel
Consumer staples .. ..
Equip, and defense prod., exc. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
.
Nondefense
Defense

.

Primary metals
Blast furnaces steel mills
Nonferrous and other primary met.

By market category: f
Home goods and apparel
Equip, and defense prod., excl. auto
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
Capital goods industries.....
Defense
See footnotes at end of tables.




19,773
39,189
24,383
36,810
9,694
9,281

12,572
29,344
25,938
15,230
12,696
75,714

12,792
29,219
25,208
14,381
12,754
75,949

12,400
28,919
26,044
14,227
12,289
75,639

12,217
29,267
26,185
13,688
12,310
74,914

11,971
28,664
25,163
12,442
11,925
73,920

11,793
28,506
26,236
11,600
11,564
72,280

11,088
28,551
27,045
11,678
11,392
71,327

11,179
28,854
24,181
10,608
11,333
70,442

12,052
29,772
25,507
11,584
11,288
69,226

'63,343
'338,562
'288,611
'49,948

5,291
27,982
24,041
3,941

5,403
28,714
24,602
4,112

5,512
28,160
23,931
4,229

5,274
28,992
24,573
4,419

5,360
28,822
24,608
4,214

5,194
27,871
23,534
4,337

5,128
28,935
24,433
4,502

4,921
29,377
24,750
4,627

4,880
26,638
22,477
4,161

5,138
27,835
23,217
4,618

fl

54,910
82,917
44,462

91,722
21,600
4,043
6,676
8,664
20,722
8,772
5,729

91,188
21,101
4,243
6,688
8,817
20,438
8,680
5,508

91,118
21,071
4,343
6,469
8,738
20,449
8,710
5,438

91,736
21,082
4,309
6,441
8,949
20,513
9,016
5,487

91,488 rr90,823
21,025 20,984
4,391 '4,582
6,324 '6,258
9,041 '8,931
20,543 '20,531
9,096 '8,436
5,497 '5,585

89,223
20,818
4,597
6,271
8,930
20,099
7,499
5,520

36,716
14,222
40,784

37,022
14,063
41,184

37,122
14,373
39,693

37,013
14,438
39,667

37,003
14,274
40,459

36,516 '36,726
14,209 14,186
40,763 '39,911

36,441
13,992
38,790

57,648
84,986
44,084

86,376
22,325
3,507
6,386
7,798
18,489
8,240
5,279

91,188
21,101
4,243
6,688
8,817
20,438
8,680
5,508

91,625
22,114
3,699
6,562
8,224
20,029
10,278
5,616

91,033
21,862
3,570
6,604
8,332
20,218
9,996
5,634

91,017
21,836
3,765
6,608
8,429
20,116
9,604
5,677

91,140
21,951
3,931
6,550
8,445
20,281
9,320
5,624

91,476
21,826
3,966
6,642
8,588
20,363
9,206
5,703

35,572
14,108
36,696

37,122
14,373
39,693

36,673
14,979
39,973

36,311
14,607
40,115

36,786
14,573
39,658

36,421
14,772
39,947

36,692
14,568
40,216

22,773 21,761
33,005 32,891
75,823 72,697
11,364 11,592
22,575 22,055
110,338 108,264
10,880
85,289
71,647
13,642

10,323
81,608
69,335
12,273

21,410 21,637 21,881 21,982 22,570 23,064 22,773 22,717 22,610 22,081
32,658 32,826 33,205 33,142 33,184 33,020 33,005 33,083 33,402 33,488
73,240 73,756 74,156 75,148 76,180 76,570 75,823 75,711 76,282 76,105
11,530 11,688 11,394 11,714 11,866 11,570 11,364 11,007 10,886 10,775
22,393 22,613 22,727 23,006 22,795 22,901 22,575 22,244 21,866 21,607
108,478 109,352 109,998 111,624 111,845 112,419 110,338 110,413 111,160 110,862

'21,986 21,881
'33,460 33,241
'77,226 76,977
10,766 10,628
'21,235 21,248
109,506 107,537

10,250 10,446 10,674 10,719 10,981 11,037 10,880 10,902 10,837 10,638 10,605 10,437
82,376 83,283 83,742 85,074 86,053 86,513 85,289 85,215 85,921 85,658 '86,641 86,361
69,676 70,602 71,053 72,055 72,985 72,972 71,647 71,410 71,850 71,224 '72,145 71,825
12,700 12,681 12,689 13,019 13,068 13,541 13,642 13,805 14,071 14,434 14,496 14,536
158,588 157,303
178,014 156,831 164,781 172,733 168,150 158,259 154,967 148,271 160,956 167,905
r
93,280 79,035 81,487 87,507 84,898 78,472 77,825 73,362 80,727 86,106 '80,299 77,527
84,734 77,796 83,294 85,226 83,252 79,787 ; 77,142 74,909 80,229 81,799 '78,289 79,776
170,913 172,611 170,063 168,444 159,005 159,923 159,469 156,362 158,467 159,372 155,715 158,071

5,119
29,248
23,865
5,383

11,177
28,840
27,237
10,513
10,778
67,817

11,893 12,420 11,519
29,785 29,529 '29,310
26,933 26,619 '24,732
11,290 11,837 12,803
11,000 11,909 10,741
67,566 67,058 '66,610

12,403
29,515
21,673
13,210
11,446
69,824

4,873
28,663
23,813
4,856

4,836
28,552
22,518
6,034

4,902
28,440
21,744
6,696

5,033
29,130
20,461
8,669

'5,617 '5,244
29,993 '27,304
22,069 '21,443
7,924 '5,861

5,839
24,879
19,742
5,137

5,252
30,459
24,700
5,759

5,388
29,580
23,026
6,554

4,810
24,826
20,996
3,830

5,510
29,708
24,226
5,482

'63,333
'58,182
'326,752 '344,264
'270,571 '281,618
'56,181 '62,641

10,989
28,493
25,647
11,805
11,033
71,502

11,578
28,655
23,225
12,490
11,571
71,486

5,625
28,186
23,230
4,956

12,083
28,188
25,365
14,258
12,755
76,691

11,556
28,547
26,956
11,171
11,698
69,995

12,221
29,282
25,302
13,408
12,273
75,958

12,828
29,253
26,944
14,474
12,900
76,059

do . '134,892 '145,479
'329,505 '345,823
do.... '291,959 '310,210
'133,322 '158,721
do.... '142,790 '149,162
do.... '828,235 '888,643

79,705
16,720
62,985

12,353
28,945
27,503
14,284
11,944
75,034

12,776
29,384
25,025
15,083
13,166
75,479

82,610
16,814
65,796

78,097
8,367
3,823
3,718
9,472
13,988
11,548
18,247
4,806
79,974
16,450
63,524

82,166
17,031
65,135

82,915
17,213
65,702

89,696
12,466
6,436
4,842
10,804
16,376
12,055
20,653
6,116

79,217 '80,501 '77,630
7,763 '8,072
8,584
3,613
'3,672
3,987
3,365 '3,682
3,802
9,778 '8,792
9,555
14,578 14,410 15,204
11,337 12,872 12,405
19,053 19,440 17,553
7,768 '4,525
7,166
79,250 78,871 '78,085
16,633 17,286 16.458
62,617 61,585 '6i;627

79,956
10,032
5,124
4,036
9,262
17,472
11,873
15,429
3,966
79,967
16,644
63,323

86,278
11,422
6,022
4,348
10,054
17,498
12,487
18,627
5,617

88,303
11,324
6,040
4,235
10,979
17,303
12,600
20,909
4,083

77,268
9,153
4,419
3,857
8,757
15,564
11,506
16,959
5,785
79,094
16,509
62,585

77,804
10,170
5,107
3,944
9,282
15,984
10,370
15,780
3,432
81,201
16,605
64,596

87,350
11,602
6,082
4,466
9,901
17,658
11,920
20,375
5,106
82,713
17,033
65,680

88,164
11,809
6,076
4,612
10,607
17,082
11,721
20,093
5,803
81,176
17,052
64,124

do...

55,851 rr55,911
83,267 82,961
44,312 '44,484

57,495
84,083
43,562

'1,020,808
'134,411
'69,519
'52,465
'121,692
'204,948
'140,846
'220,808
'59,381
'977,240
'201,943
'775,294

do
do...

56,905
83,634
43,931

56,594
82,996
42,631

'951,169

'276,403 274,003
185,323 184,636
'91,080 89,367
r
274,179 271,512

56,846
84,219
43,628

56,867
82,431
41,557

do . '134,057
'63,212
do
do.... '58,694
'115,993
do.... '182,782
do.... '130,744
do.... '202,676
do.,.. '63,658
do.... '909,536
do.,.. '184,073
do.... '725,462

5,044
27,729
22,785
4,944

56,822
83,713
44,155

55,816
81,769
41,091

9,992
78,245
67,224
11,021

'5,260 r5,185
28,036 '26,328
23,141 '21,783
4,895 r4,545

57,740
85,574
43,961
92,269
21,619
4,036
6,709
8,822
20,755
8,663
5,801

55,282
81,933
40,420

do

11,602
29,521
25,071
13,531
11,745
69,779

184,690 177,635 178,676 180,855 182,221 185,140 186,718 187,275 184,690 184,057 184,470 183,430 183,356 182,289
6,674
6,787 '6,692
6,857
6,967
6,781
7,037
6,953
6,923
6,831
6,642
6,509
6,599
6,967
25,194 23,163 23,334 23,926 24,412 25,087 25,268 25,361 25,194 25,236 25,486 25,445 '24,794 24,326
13,089 12,112 12,169 12,556 12,734 13,120 13,148 13,129 13,089 13,066 13,262 13,475 13,089 12,775
19,866
20,314 19,796 19,973 20,031 20,232 20,440 20,598 20,733 20,314 20,630 20,442 20,073 19,946
r
42,472 40,070 40,342 41,036 41,366 42,017 42,282 42,502 42,472 42,324 42,517 42,186 42,528 42,550
26,325 25,457 25,689 25,987 26,243 26,517 26,865 27,976 26,325 26,182 26,150 25,992 '25,872 25,485
39,531
39,175 38,427 38,628 38,949 38,695 39,424 40,264 40,250 39,175 39,012 39,211 39,142 '39,716
8,243
8,460 r8.441
8,555
8,641
9,094
8,970
9,316
9,453
9,397
9,088
9,376
9,275
8,970
9,831
9,712
'^848
9,606
9,707
9,765
9,771
9,738
9,714
9,569
9,585
9,645
9,603
9,765
56,822
83,713
44,155

20,663
32,201
69,908
11,872
21,266
102,070

!2,069 11,459
29,458 rr29,358
25,699 24,039
11,889 13,188
11,581 11,279
67,746 r67,856

274,257 271,609 270,228 271,008 272,545 273,900 276,040 277,405 274,257 276,113 277,776 276,358
182,615 179,959 179,710 180,681 181,967 183,091 184,310 185,149 182,615 184,072 185,727 185,079
91,642 91,650 90,518 90,327 90,578 90,809 91,730 92,256 91,642 92,041 92,049 91,279
275,878 269,260 269,709 271,872 273,361 276,616 278,440 279,544 275,878 275,175 276,206 274,918

53,808
77,935
39,860

do....
do ..
do....
. do
do....
do....

do
do...

12,235
28,207
25,241
14,134
12,812
74,898

do.... 1,860,706 1,998,049 168,602
do.,.. 951,169 1,020,808 87,680
do.... 909,536 977,240 80,922
1
do.... 1,860,706 '1,998,049 169,340

New orders, net (not seas, adj.), total t
Durable goods industries, total
Nondurable goods industries, total
New orders, net (seas, adj.), total f
By industry group:

Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts
Nondurable goods industries, total
Industries with unfilled orders $
Industries without unfilled orders

171,603
6,145
21,976
11,844

'145,530
'345,664
'306,690
'158,828
'149,928
'891,128

79,764
9,378
4,949
3,698
9,270
17,605
11,650
16,071
4,657

'

S-5

SURVEY OF CURRENT BUSINESS

July 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

1982

1981
May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS I—Continued
Unfilled orders, end of year or month (unadjusted),
total t
•
mil. $..
Durable goods industries total
do
Nondur. goods ind. with unfilled orders $
do....

317,661
306 995
10,666

r
317,931 328 411 326 446 326,866 325,133 323,853 321,651 318,635 317,931 321,753 321,753 rr322,511 r321,853 316,620
307,065
307 918 316 736 314 968 315 502 313812 312 779 310 908 308 436 307 918 311 444 311 887 312 631 312,039
9,555
9,880 r9,814
9,866
10,013 11,675 11,478 11,364 11,321 11,074 10,743 10,199 10,013 10,309

319,729

319,865 326 508 325,918 328,206 328 757 328,613 323,538 321,478 319,865 319,518 318,553 r319,479 '318,012 314,832

308 815
30248
17439
9,008
30,189
74396
47225
113,043
88,371
10,913

309611 314 954 314 477 316,853 317 369 317 460 312 681 310 995 309,611 309 290 308,746 r309,790
26599 29080 28595 29090 28708 28521 27627 27024 26599 25210 23947 22838
15 977 17028 16897 17105 17075 17 168 16565 16171 15977 14989 13979 13253
8,344
7,638
7053
6718
7,392
8712
8425
8,599
8,062
7522
7392
6934
28,746 29,975 30,362 30,620 30091 29856 29150 28,917 28746 28,318 28306 28,302
74713 75580 75578 74885 75297 75440 74499 74526 74713 74064 72027 70005
51563 49207 50 124 50466 50707 51526 50634 51072 51563 52002 52037 53485
113,927 116,900 115,515 117,456 118,405 118,073 116,657 115 283 113 927 115,752 118,307 120,646
90,435 91319 90504 92,166 92449 93,126 92010 91 187 90435 91899 94,702 97786
10,254 11554 11 441 11,353 11388 11 153 10857 10 483 10254 10228
9807
9689

do....
do....
do..,.
do....

3,988
186,876
17,587
111,277

4,517
4,163
4,609
4,854
4,922
4,902
4,921
4,145
4000 r4,421 '4433
4,320
4163
5,228
190,237 191,990 190,926 192,756 194,278 193,108 191,219 190,510 190,237 193,086 194,219 195,084 195,389 191,671
16,791 17137 17607 17752 17407 17,371 17017 17,151 16791 16237 15 949 16277 15 738 15438
108,674 112,772 112,531 112,645 112,170 113,213 110,785 108,497 108,674 106,050 104,385 103,697 102,452 102,495

do
do...
do,.,.
do

2954
216 028
147,673
68355

3007
3 732
3728
3735
3348
3511
3708
3 093
3007
3028
2923 '3 280 r3 339 4 135
221 617 222 518 222984 223*533 225 006 225 758 222 716 222 442 221 617 223 306 224 603 226 555 '227528 224 680
140,737 148,666 147,288 147,581 147,712 146,126 143,589 142,969 140,737 139,893 137,139 136,062 135,721 132,680
80 880 73852 74696 75952 77294 79632 79127 79 473 80880 83 413 87464 90493 '91 807 92 000

533,520

580,867

Unfilled orders, end of year or month (seasonally
adjusted) total t
mil. $..
By industry group:
Durable goods industries, total #
do....
Primary metals
do
Blast furnaces steel mills ......
do ...
Nonferrous and other primary met
do....
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts

do....
do ..
do..,.
do....
do....

Nondur. goods ind. with unfilled orders $.. do....
By market category: t
Home goods, apparel, consumer staples
Equip, and defense prod., incl. auto
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables .
Capital goods industries
Nondefense
Defense
.
.. .

BUSINESS INCORPORATIONS @
New incorporations (50 States and Dist. Col.):
Unadjusted
,
numberSeasonally adjusted
. do .
INDUSTRIAL AND COMMERCIAL
FAILURES @
Failures, total
number..
Commercial service
do....
Construction
do....
Manufacturing and mining
do....
Retail trade,..,.
,
do....
Wholesale trade
do....
Liabilities (current), total
Commercial service
Construction
Manufacturing and mining
Retail trade
,
Wholesale trade

,

...

51729
48489

52566
50433

45,762
47483

48 305
48792

49,002
47947

43533
49413

48650
47556

42680
43330

42511
47 234

21 897
12611
r
6,583
r
27,411
r
69 779
'54414
r
!20
424
r
97 975
'9615

305 360
21552
12455
6490
26,874
67862
54315
119 758
97786
9472

52574
46899

1464
1408
1432
211
209
184
335
298
318
180
181
184
592
594
599
146
126
147
428 199 408 543 619 462
60,998 84435 44,158
63722 53597 68285
113,187 97692 95513
109 416 138 900 287 268
80,876 33919 124 238

11,742
1,594
2,355
1,599
4,910
1,284

thous. $.. 4,635,080
do.... 413,502
do.... 752,109
do.... 1,885,017
... do .. 993 539
do.... 590,913

Failure annual rate (seasonally adjusted)
No. per 10,000 concerns..

48,115
48907

r
308,397
r

620

*42.1

608

65.9

COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS 1i
Prices received, all farm products
1910-14=100..
Crops #
...
do
Commercial vegetables
do....
Cotton
do
Feed grains and hay
do
Food grains
.
do
Fruit
do..,.
Tobacco
do
Livestock and products #
...
do
Dairy products
do.
Meat animals ..
.
do
Poultry and eggs
do....
Prices paid:
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100..
Parity ratio §
do
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted

614
539
562
583
417
452
'458
1219 »
691
798
878
'254

'633
'580
'676
565
446
456
477
1 363
r
688
r
842
'848
'264

'651
615
'649
612
'493
471
'478
1 304
'687
826
'858
254

'651
'596
'599
601
r
476
439
475
1304
'708
820
'897
'263

'651
595
'654
594
'461
436
'439
1387
r
708
820
r
893
'269

'632
'564
'626
549
'429
430
'478
'1 404
'703
'826
'884
'263

'608
594
'583
593
'517
'527
524
521
'733
621
'594
'608
490
526
507
432
393
382
373
381
436
427
434
442
'469
'482
'554
'540
1 452 '1 426 '1 435 '1 452
'699
675
641
'665
'838
856
856
856
'872
'822
756
794
255
'263
253
'268

601
545
892
421
400
432
519
1 478
659
850
791
259

608
534
789
409
391
425
547
1 478
685
844
841
264

608
521
656
423
392
419
533
1 478
699
832
870
268

616
530
632
452
404
417
537
1 469
706
820
898
255

'633
'541
'602
'458
'418
'413
'581
1 469
727
'807
'950
247

631
540
671
404
406
389
613
1 474
726
801
950
245

799

854

863

866

859

858

859

850

849

840

856

858

866

866

'871

876

950
65

1,031
61

1,033
63

1,037
63

1,035
63

1,038
'61

1,040
'58

1,037
57

1,037
57

1,031
57

1,058
57

1,060
57

1,067
57

1,066
58

1,071
59

1,078
59

ALL ITEMS, WAGE EARNERS AND
CLERICAL WORKERS, REVISED
(CPI-W)
1967= 100..

247.0

272.3

269.1

271.4

274.6

276.5

279.1

279.7

280.4

281.1

282.1

282.9

282.5

283.7

286.5

290.1

ALL ITEMS, ALL URBAN CONSUMERS
(CPI-U)
1967= 100..
Special group indexes:
All items less shelter
do....
All items less food .
do
All items less medical care
do....

246.8

272.4

269.0

271.3

274.4

276.5

279.3

279.9

280.7

281.5

282.5

283.4

283.1

284.3

287.1

290.6

235.5
2440
245.5

258.5
2706
270!9

256.2
2670
267.6

257.8
2695
269.9

259.9
2727
273.0

261.4
2749
274.9

263.5
2782
277.8

264.5
2790
278.3

265.4
280 1
279.0

266.0
2808
279.6

267.4
281 4
280^6

268.3
282 1
28L5

268.5
281 7
280.9

268.7
2829
282.1

270.6
2860
284.9

273.8
2897
288.4

See footnotes at end of tables.




S-6

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

1982

1981

May

Annual

July 1982

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

COMMODITY PRICES—Continued
CONSUMER PRICES-Continued

(U.S. Department of Labor Indexes) — Continued
Not Seasonally Adjusted
All items (CPI-U)—Continued
Commodities
Nondurables
Nondurables less food
Durables . . .
Commodities less food
Services
Services less rent
., . .
Food #
Food at home

259.5
271.7
260.1
233.7
246.0
325.3
345.7
283.3
278.0

258.8
270.7
258.4
233.5
245.2
325.5
345.7

258.9
269.3
255.0
235.8
245.0
328.4
349.1

261.5
270.7
256.2
239.8
247.8
331.8
352.8

265.1
274.4
261.2
243.2
251.9
334.9
356.5

277.8
271.7

258.8
270.8
260.2
233.4
245.9
323.9
344.2
281.0
275.3

283.0
277.1

285.5
279.8

287.8
282.6

304.2
327.2
215.0
367.2
329.8
676.1
358.3
227.2

305.2
328.0
216.5
367.8
331.8
682.5
359.9
227.7

306.1
328.3
217.8
367.5
336.2
686.0
367.4
228.4

307.3
329.5
218.6
368.7
337.1
683.1
368.7
230.2

306.7
327.6
219.6
365.7
339.3
664.0
375.9
231.6

283.9
277.9
309.4
331.4
220.1
370.6
339.2
641.3
377.8
232.6

313.8
336.7
221.8
377.4
345.4
644.6
388.6
233.4

317.5
340.9
222.6
382.8
352.2
656.6
398.5
233.7

191.5
287.2
283.9
192.5
278.2
330.8
304.8

191.3
289.1
285.8
195.3
281.4
333.2
308.2

190.5
289.8
286.5
197.0
281,9
333.8
310.2

187.3
289.9
286.6
197.4
280.5
334.9
313.4

188.0
288.0
284.5
195.5
279.7
336.8
316.2

191.1
285.1
281.3
194.4
280.9
336.7
318.8

191.9
282.9
278.8
196.0
285.1
339.3
321.7

191.5
285.6
281.5
197.5
291.4
342.1
323.8

190.8
292.8
288.9
198.1
298.2
345.6
326.4

0.4
258.3
245.9
279,0
273.5

0.4
259.6
247.5
279.5
273.1

0.3
259.9
247.2
281.5
275.9

0.2
260.4
247.2
283.2
278.1

-0.3
259.1
245.9
282.2
276.4

0.2
258.4
244.6
283.0
277.1

1.0
260.7
246.9
285.4
279.9

1.0
264.0
250.6
287.2
282.0

1967= 100..
do...
do....
do .
do....
do
...
do....

233.9
245.0
235.2
210.4
222.0
270.3
285.1

253.6
266.3
257.5
227.1
241.2
305.7
324.3

251.9
265.8
258.2
223.9
239.6
299.6
317.4

253.2
266.2
258.0
226.6
241.1
303.5
321.9

255.0
267.1
257.5
229,6
242.6
308.8
328.1

256.2
268.1
258.4
230.9
243.8
312.2
331.7

257.7
269.5
260.3
232.6
245.5
317.3
337.5

257.9
269.5
260.7
232.9
245.9
318.6
338.7

258.0
269.5
261.1
233.2
246.2
320.6
340.8

258.4
269.8
261.1
233.7
246.5
321.8
342.0

do...
do..,.

254.6
251.5
263.3
281.7
191.6
314,0
278.6
556.0
301.8
205.4

274.6
269.9

272.5
267.7

273.6
268.7

276.2
271.6

277.4
272.8

288.5
308.4
205.9
345.0
314.9
685.8
339.6
220.1

292.2
312.6
206.8
350.4
320.2
682.0
350.2
221.1

299.7
322.0
210.3
361.8
327.8
674.6
360.8
222.9

178.4
249.7
249.2
179.3
208.1
251.6
265.9

186.9
280.0
277.5
190.2
256.9
312.0
294.5

186.4
277.8
276.0
190.9
245.2
297.7
289.0

185.8
279.9
277.9
192.2
252.9
303.9
291.5

297.0
318.5
207.8
358.0
325.1
677.9
357.6
222.4
184.7
282.6
279.6
192.5
260.3
323.1
295.6

277.6
272.1
303.5
326.6
213.6
366.7
330.1
672.7
360.6
225.6

277.1
271.0

293.5
314.7
208.2
352.7
319.2
675.9
345.9
221.3

187.4
283.7
280.5
191.9
266.9
326.5
299.3

278.0
273,2
303.7
326.9
211.9
367.8
331.1
673,4
364.5
224.5
190.7
285.2
281.9
191.3
272.8
329.1
301.7

0.8
251.1
238.5
272.6
268.0

0.7
252.1
239.7
273.2
268.2

0.8
255.4
243.0
276.5
271.3

1.1
257.3
244.9
278.3
273.3

..
,

Housing
Shelter #
4
Rent residential , .
....
. .
Homeownership
Fuel and utilities # .
. . .
Fuel oil, coal, and bottled gas
Gas (piped) and electricity
Household furnishings and operation....

do,. .
do....
do. .
do
do
do....
do....
do....

Apparel and upkeep
Transportation
Private
New cars ...
Used cars
Public

do. .
do....
do
do..
do....
do..

..

....

Seasonally Adjusted

Apparel and upkeep

do....

185.8

186.1

1.1
254.0
241.6
275.0
269.9
187.1

188.4

189.0

189.5

0.5
258.8
246.5
279.3
273.3
189.3

189.4

189.3

190.1

190.9

191.1

191.0

191.2

Transportation . ,
Private
..

,
do....
. . . . do ...

275.8
274.1
189.9

276.9
274.9
192.0

279.7
276.6
192.8

281.4
278.3
192.8

284.6
281.5
193.7

288.2
285.1
194.0

290.8
287.8
194.6

292.5
289.6
196.1

291.9
288.7
196.0

289.9
286.5
194.5

287,1
283.4
194.6

282.6
278.5
196.0

283.8
279.7
196.5

289.7
285.7
197.9

299.9

303.3

308.6

312.2

316.9

318.4

321.4

322.9

324.4

325.6

325.7

328.7

331.8

334.5

All items percent change from previous month
Commodities
1967— 100..
Commodities less
food
do
Pood
do ...

•

PRODUCER PRICES §
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
All commodities
. 1967—100..
By stage of processing: f
Crude materials for further processing
do....
Intermediate materials, supplies, etc
do....
Finished goods #
do....
Finished consumer goods
do....
Capital equipment
do....
By durability of product:
Durable goods
..
do....
Nondurable goods
do
Total manufactures
.. ......... . . . . do.. .
Durable manufactures
do
Nondurable manufactures
do....

268.8

293.4

294.1

294,8

296.2

296.4

295.7

296.1

295.5

295.8

298.3

r

298.6

297.9

297,9

298.6

299.4

304.6
280.3
247.0
248.9
239.8

329.0
306.0
269.8
271.3
264.3

334.4
306.7
269.9
271.5
262.5

335.4
307.2
270.5
272.3
263.8

337.3
308.5
271.8
273.5
265.4

333.0
310.1
271.5
273.0
265.8

327.4
309.7
271.5
273.1
265.3

319.9
309.4
274,3
275.1
271.5

313.9
309.0
274.7
275.2
273.0

311.5
309.4
275.4
275.8
274.1

318.4
311.0
277.9
278.3
276.2

'321.6
r
311.1
'277.9
'278.6
r
275.0

319.9
310.9
276.9
277.2
275.7

322.8
310.1
276.9
276.9
277.1

328.1
309.8
277.7
277.6
278.3

325.7
310.0
279.9
280.0
279.6

251.5
282.4
261.5
250.8
273.0

269.8
312.4
286.0
269.6
303.6
251.5
254.9
248.7
304.1
287.8
694.4
198.4
261.5
292.8
263.1
300.4
309.5
273.7
232.8
199.6
235.4
237.5

268.6
314.8
286.2
268.2
305.7

269.1
315.7
286.9
268.9
306.4

270.8
316.8
288.0
270.6
306.9

271.9
316.2
288.6
271.7
306.9

271.8
315.0
288.3
271.7
306.3

275.0
312.8
289.8
275.1
305.5

275.4
311.4
289.7
275.8
304.5

276.0
311.4
289.9
276.5
304.3

277.6
314.7
291.9
278.0
306.8

'277.4
315.4
'292.0
'277.8
307.2

277.3
314,2
291,4
277.8
305.8

278.1
313.5
290.9
278.7
303.9

278.4
314.5
291.3
279.1
304.1

278.4
316.0
292.4
279.4
306.2

252.9
259.6
248.2
304.7

254.3
260.7
249.9
305.1
290.5
707.6
197.3
261.6
298.1
262.1
298.4
313.6
272.9
233.4
200.1
234.3
236.7

256.8
263.3
252.2
306.2
291.3
704.9
199.5
261.1
296.5
264.8
302.0
314.3
274.9
232.1
201.3
235.0
237.4

254.2
257.9
251,2
307.2
293.3
704.3
199.6
261.3
294.5
266.2
304.1
314.1
275.9
234.1
202.4
235.9
238.4

250.3
251.1
248.9
307.4
293.3
703.5
201.0
261.7
289.3
268.1
304.9
313.2
277.8
235.7
202.9
231.8
232.8

246.0
243.1
246.6
309.0
292.4
698.1
201.3
260.0
284.3
269.3
305.3
313.3
279.2
237.3
204.0
244.5
247.8

242.5
237.4
244.3
309.3
292.0
698.1
202.1
259.8
282.1
270.4
304.2
313.7
280.4
238.0
203.6
246.3
248.9

241.0
234.6
243.6

246.0
242.2
247.1
311.8
292.9
705.1
203.5
261.8
285.5
274.1
304.7
315.6
285.5
237.3
205.0
248.6
250.8

r

247.5
244.6
248.1
311.0
294.6
690.1
204.7
262.7
285.4
275.7
303.6
319.7
286.3
241.8
205.0
244.9
246.4

251.4
250.6
250.8
309.9
294.5
671.2
205.6
264.4
286.1
277.3
303.8
320.0
287.9
241.9
204.7
245.6
246.6

255.6
256.1
254.4
309.5
296.2
661.9
206.1
263.4
283.9
278.1
303.4
319.1
289.1
242.9
205.1
247.2
248.7

255.3
252.7
255,8
310.7
293.5
677.4
206.6
262.7
288.7
278.4
300.1
318.7
289.3
243.3
204.5
249.6
251.5

do....
do....
do....

244.7
249.4
241.2
274.8

Chemicals and allied products
,
do....
Fuels and related prod., and power
do....
Furniture and household durables
do....
Hides skins and leather products
do ...
Lumber and wood products
do....
Machinery and equipment
do. ..
Metals and metal products
do...
Nonmetallic mineral products
do...
Pulp, paper, and allied products
do....
Rubber and plastics produets
do...
Textile products and apparel
doTransportation equipment # ....Dec. 1968=100.
Motor vehicles and equip
. 1967—100

260.3
574.0
187.7
248.9
288.9
239.8
286.4
283.0
249.2
217.4
183.5
207.0
208.8

Farm prod., processed foods and feeds
Farm products
,
Foods and feeds, processed

288.6
709.0
197.4
263.7
298.4
260.7
299.1
312.0
272.1
231.8
199.2
233.6
236.0

310.0
291.8
702.5
202.9
260.7
285.4
272.0
303.3
313.5
281.0
238.3
203.4
246.8
249.5

r

248.4
247.1
248.1
'311.6
r
293.6
'697.8
'204.6
'261.6
'285.2
'275.4
'304.2
'319.0
'286.3
'239.3
'205.6
'245.2
r
246.8
r

Seasonally Adjusted $
Finished goods, percent change from previous
month
'.
By stage of processing: t
Crude materials for further processing 1967=100.
Intermediate materials supplies, etc
do...
Finished goods $
do
Finished consumer goods
.
do..
Food
,
.,
do...
Finished goods exc foods
do
Durable ,
..
. . . . . .
do..
Nondurable
do...
Capital equipment
do
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices
1967—$! 00
Consumer orices
do...
See footnotes at end of tables.




0.405
0.406

0.371
0.367

0.2

0.6

0.4

0.3

0.2

0.6

0.5

0.3

0.5

'-0.2

'-0.3

0.1

0.0

1.0

333.7
305.7
268.8
270.6
253.3
275.6
217.7
318.8
262.0

336.9
306.9
270.3
272.0
254.5
277.1
218.9
320.4
264.1

337.6
308.1
271.3
272.9
256.6
277.4
218.5
321.2
265.6

334.4
309.7
272.1
273.3
256.8
277.9
219.6
321.5
267.4

328.4
309.8
272.6
273.9
255.5
279.3
219.5
323.9
267.8

322.7
309.7
274.2
275.2
255.0
281.4
222.5
325.3
270.5

318.1
310.6
275.5
276.3
253.2
283.8
224.5
328.0
272.5

313.6
311.1
276.3
276.9
253.0
284.6
224.7
329.3
274.1

319.3
312.0
277.8
278.5
255,9
285.6
224.4
331.3
275.4

317.3
'311.1
'277.3
'278.2
257.1
'284.7
r
223.1
'330.6
'274.3

314,6
310.4
276.5
276.8
256.7
283.0
223.9
327.0
275.5

320,2
308,5
276.7
276.8
260.8
281.1
223.4
324.3
276.5

327.3
308.8
276.8
276.6
262.7
280.1
224.3
321.8
277.7

327.0
309.7
279.7
279.7
263.9
283.9
226.9
326.5
279.9

0.371
0.372

0.370
0.369

0.368
0.364

0.368
0.362

0.368
0.358

0.365
0.357

0.364
0.356

0.363
0.355

0.360
£354

0.360
0.353

0.361
0.353

0.361
0.352

0.360
0.348

0.357
0.344

S-7

SURVEY OF CURRENT BUSINESS

July 1982
1980

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

Annual

1982

1981

1981

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted), total
mil. $.
Private total #
do
Residential
do..
New housing units....
do..
Nonresidential buildings, except farm and
public utilities total # .......
.. mil $
Industrial....,
do..
Commercial
do
Public utilities:
Telephone and telegraph
do..
Public, total #
do
Buildings (excluding military) #
do...
Housing and redevelopment
do...
Military facilities
do..
Highways and streets....
do...
New construction (seasonally adjusted at annual
rates), total
bil $.
Private, total #
do...
Residential
do...
New housing units..
do...
Nonresidential buildings, except farm and
public utilities, total #
bil. $.
Industrial
do
Commercial
do...
Public utilities:
Telephone and telegraph
do...
Public, total #
do. .
Buildings (excluding military) #
do. .
Housing and redevelopment
do...
T«<4iSaf-»na1

T

230,749 r238,201 '20 326 r21 378 •21 689 r21 646 r21 986 '21 308 '19 963 '18 865 '15 142 '14 726 '16 705 '17 950
!75 699 185
222 15 986 16506 16 654 16 563 16 595 16 417 '15 487 '14 941 '12 170 '11 794 '13 349 '14 188
87261 rr86 566 rr7996 rr8104 rr7960 rr7709 r7453 '7 182 '6736 '5966 '4963 '4417 '5175 '5929
63,139
62,664
5718
5905 5854
5623 '5422 '5077 '4630 '3951 '3450 '3166 '3789 '3861

r

52434
13837
29945

60 818
17 030
'34 248

r

r

r

r

4913
1320
2828

5173
1396
2945

^5409
1553
r
3024

r

5571
1636
'3097

r
5602
1635
r
3 115

'5739
1680
'3 180

'5545 ' r5 230
'1588 '1456
'3 117 '3008

4542
1226
2619

4575
1239
2623

5018
1338
2898

'5 195
1296
'3078

5475
1469
3 146
4 150
1,386
135

6,733
'55 050
'18,517
1,648

r
7,074
52 979
17,792
1,722

568
'4 340
1,453
155

'614
'4 872
1,486
147

592
'5036
1,554
142

606
5083
1,584
143

'649
5392
1,632
133

'701
'4891
'1,510
127

'631
4476
1,511
135

'652
'3 924
1,459
147
n Kfl

'466
'2971
'1,186
111

531
'2932
1,227
113

'639
'3356
1,290
129
n QQ

584
'3762
1,380
136

1880
13,807

1964
13 304

183
1091

188
1460

183
1531

146

1522

'173
1569

150
1389

165
1 110

'161
'756

'159
'434

'114
'444

'179
585

'152
'721

183
1 026

'2409
1893
r
922
r
695

r

2375
1859
r
891
r
668

r

r

'2335
'1824
'804
'571

r

2308
'1800
'782
'534

'2300
'178 1
'762
'504

'2288
'1766
'758
'494

'225 1
1755
'73 7
'51 0

'2226
'1730
'692
'492

'224 6
'173 6
'700
'51 0

'2262
'1754
'725
'496

229 2
180 0
75 0
50 5

r
587
159
r
335

r
600
167
r
336

'629
'185
'349

'629
'18 5
'346

'634
184
'357

'622
'16 6
'364

'62 8
'17 1
'362

'64 1
'172
'368

'649
16 6

'642
'15 9
'384

655
17 8
37 1

7.0
517
177
1.8
1.8
21
127

'72

'51 1
'173

'7 3
'508
'172
1.5

'75
'51 9
'17 7
1.6

125

'1 9

19
119

19
12 8

'75
'52 2
'176
1.6
'1.8
'20
'127

73
'496
168
1.7
'1.1
2i
11 5

'84
'496
'17 7
1.5
1.8
15
'124

'74
'51 0
'169
1.6
1.6
'2 3
'133

71
'509
176
1.6
'1.8
'1 9
12 1

49 2
166
1.6
1.5
21
11 8

150 189
107
39070
111 120

ft AA.1

r

rl CCK

r

r-i EQ

ri Kf\

r

*1 QR

238 1
1869
r
870
r
64 1

r

r

rlQfl

2359
1852
r
84 1
r
608
r

r

rlftl

r

MfiQ

rQQ

'616
178
342

625
187
'34 3

'6.6
517
170
1.8
1.6
r
21
133

68
512
171
1.6

r
69
507
172
1.7

13292
102
3201
10092

14919
109
3407
11512

13651
99
3292
10*360

12289
99
3336
8953

12868
100
3965
8903

12328
101
3541
8*787

9722
92
2406
7316

11577
112
2862
8 715

10580
115
2673
7907

8 881
97
2 998
5883

13 036
105
4 280
8756

11 713
88
3 394
8319

11 821
94
3 773
8 048

58250
60063
31,877

5040
5855
2*398

5560
5904
3*454

5572
5853
2,227

5 270
4894
2 126

5 125
4844
2*898

5 287
4*872
2169

4 380
3*737
1605

4 445
3*739
3393

3458
3*008
4 113

3606
3 143
2132

5 273
4 600
3 164

4 400
4 656
2658

4 233
4 984
2604

166 366

14093

11 684

12897

11 890

11 999

16597

15 492

17516

13920

12 102

10 844

14 043

9 119

1,100.3
1 084 2
705.4

110.6
1099
73.8

107.0
1058
72.5

1010
999
69.5

873
863
57.0

909
84 1
58.3

88 1
87 2
49.9

649
64 6
40.1

597
59 1
34,1

476
47 2
29.3

520
51 3
32.5

78 7
78 2
51.8

'85 1
'84 1
'55.8

'99 5

1 172
776

1046
705

1040
696

946
614

899
623

854
507

860
554

882
550

885
592

945
568

931
621

986
564

1 178
659

986
573

941
543

878
505

835
456

738
400

743
413

797
454

803
450

792
436

2407

22 9
262

23 1
256

21 8
267

22 4
238

21 5
232

20 2
208

15 7
207

14 2
206

13 9
211

r

An

Military facilities
do...
Highways and streets
do...
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F.W. Dodge
Division, McGraw-Hill):
Valuation, total
mil. $.. 148,393
Index (mo. data seas, adj.)
1977-100..
106
Public ownership
mil. $
41 717
Private ownership
do.... 106 676
By type of building:
Nonresidential
,
do....
52492
Residential
do
63668
Non-building construction
do....
32234
New construction planning
(Engineering News-Record) § .
do.... 149 143
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
thous.. 1,312.6
Privately owned
do
1 2922
One-family structures
,
do,...
852.2
Seasonally adjusted at annual rates:
Total privately owned
do....
One-family structures
do
New private housing units authorized by building
permits (16,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
'.
thous..
1 191
One-family structures
do
710
Manufacturers' shipments of mobile homes
Unadjusted
.
thous
221 6
Seasonally adjusted at annual rates
do....
CONSTRUCTION COST INDEXES
Dept. of Commerce composite
1977—100..
143.2
American Appraisal Co., The:
Average, 30 cities
1913—100..
2,495
Atlanta
do.,,.
2,660
New York
,
do....
2,553
San Francisco
do....
2,671
St. Louis
do.,..
2,343
Boeckh indexes:
Average, 20 cities:
Apartments, hotels, office buildings 1977=100..
125.1
Commercial and factory buildings
do....
127.7
Residences
do....
128.9
Engineering News-Record:
Building
1967= 100..
287.7
Construction
do....
3014
Federal Highway Adm. —Highway construction:
Composite (avg. for year or qtr.)
1977=100..
163.0
See footnotes at end of tables.




r

19364
15213
6575
4132

r

r

r

21
132

r

17
127

1.5

152.5

150.9

1507

1524

153 4

1548

1549

1547

156 1 '156 5

2,643
2841
2,645
2,873
2,453

2,635
2805
2,640
2,855
2485

2,655
2784
2,631
2,821
2476

2,678
2894
2,653
2,915
2467

2679
2896
2668
2,909
2505

2676
2898
2658
2,893
2494

2678
2 892
2655
2,896
2491

2678
2878
2646
2,918
2 523

2700
2893
2659
2934
2535

137,4
140.1
136.0

135.4
138.1
1344

310.3
3289

307.3
3233

156.7

139.7
141.9
1383

308.3
3268
152.4

312.1
3316

142.1
145.3
140 4
313.5
3328

316.6
3361
157.3

143.2
145.9
141 6
319.1
341 9

323.6
3454

156.8

324.7
346 8

8 278

rQQ 1

Q1 ^

'58.6

62.2

'882
'566

'1 075
'631

911
607

851
460

879
450

'944
'488

948
519

179

99 1

99 3

251

252

255

246

'1560

'1563

'1583

1575

144.1
146.3
142 1

323.3
3449

rqo 4

146.0
148.5
143 1

325.7
3478

324.8
3472
145.3

149.0
151.1
146 1

325.0
347 3

328.6
353 0

2
328.5
2

352 9

S-8

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

July 1982

1981

May

June

July

Aug.

1982

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

CONSTRUCTION AND REAL ESTATE—Continued
REAL ESTATE If
Mortgage applications for new home construction:
FHA net applications
thous. units..
141.4
92.3
Seasonally adjusted annual rates
do
Requests for VA appraisals
202.2
153.8
k do....
Seasonally adjusted annual rates .
do. .
Home mortgages insured or guaranteed by:
Fed, Hous. Adm.: Face amount
mil. $.. 16,458.53 10,278.14
Vet Adm * Face amount §
. . . . do.. . 13 855 54 790593
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $..
48,963
65,194
New mortgage loans of all savings and loan
72537
associations estimated total .
. .. mil. $.
53 283
By purpose of loan:
14946
Home construction
do
11599
42957
28299
Home purchase
*
do
14,634
13,385
All other purposes....
do....

54
58
8.5
99

4.5
50
9.0
100

4.6
61
8.7
123

8.2
126
9.1
141

7.5
136
9.3
142

8.6
126
9.1
119

9.8
104
11.1
118

793.47
644.07

622.98 1,014.78
69621 66019

654.28
48573

727.94
464.19

593.31
357.69

443.87
327.39

606.52
393.60

59,475

62,471

64,347

64,662

64,409

65,194

65,099

65,089

88
88
15.4
180

7.4
84
14.2
156

6.2
65
13.8
150

983.42
58344

978.02
87583

53,148

56,095

7.2
84
11.9
135

63
67
!3.6
143

5.2
51
13.0
151

67
76
14.1
154

585.12
421.78

547.57
374.45

589.61
327.85

716.28
443.89

66,162

67,941

67,801

69,398

5734

6052

4987

4055

3865

3465

2,934

3,760

2,628

2,849

3,966

1248
3130
1,356

1 187
3435
1,430

1003
2771
1,213

772
2323
960

803
1970
1,092

650
1838
977

600
1498
836

824
1682
1,254

495
1,204
929

592
1,320
937

966
1,647
1,353

3305
154
29.3
54
28.2
237
24.8
21 1
7.9
36
23.6
146.8

3933
16.5
38.4
54
31.1
34 2
33.7
235
8.3
35
28.4
1703

275.3
11.6
21.1
38
23.5
203
37.9
130
4.7
1.7
25.2
112.7

2112
7.9
20.3
27
20.1
10 3
15.1
71
3.5
1.5
21.2
101.4

249.5
8.4
23.5
2.5
27.8
21 1
16.2
67
4.2
1.9
24.5
112.5

287.8
15.1
29.6
4.4
27.5
185
20.8
125
5.5
2.8
27.1
123.3

r

r

3,807
r

3,591

832
l,612
1,363

718
1,565
1,308

290.9
15.9
25.5
5.9
30.8
262
20.7
149
5.2
3.1
28.9
129.6

338.9
11.8
36.5
6.8
34.4
212
22.7
192
8.0
3.0
32.3
143.0

814.7
24.1
209.2
30.6
122.8
428.0

904.9
25.0
233.6
29.4
137.8
479.0

r
96,622
r
39 675
r

95,183
37892
57,291

r
113 3 19
r
75,265
r

111 585
74,564
37021

r

DOMESTIC TRADE
ADVERTISING
Magazine advertising (Publishers Information
Bureau):
Cost total
mil $
Apparel and accessories
do. .
Automotive, inel. accessories
do....
Building materials
do
Drugs and toiletries . . . . . . . .
.... do....
Beer, wine, liquors

do....

28726
1122
231.1
525
280.8
2119
239.2
1396
71.0
300
290.3
12139

32225
1417
290.1
565
318.3
231 8
251.8
1654
67.5
296
314.5
13551

2979
11 1
31.0
74
313
175
19.0
184
7.2
34
24.8
1268

2671
74
29.0
53
274
195
25.7
123
5.4
20
28.5
1045

1966
6.4
17.6
36
21.4
17 6
15.0
99
4.3
14
25.5
734

2109
12.9
17.4
48
22.3
158
14.3
95
4.0
1.9
27.5
807

2848
21 1
14.7
72
30.9
18 4
18.1
146
5.9
32
25.6
1251

Industrial materials
do..,.
Soaps cleansers etc
do
Smoking materials.
do....
All other
do
Newspaper advertising expenditures (Media
Records Inc.):
824.3
729.6
738.3
7073
795.0
7722
8117
7793
9367
81859
95754
8845
8567
Total
mil $
25.8
13.2
21.6
22.5
15.8
21.3
17.4
24.7
19.6
1824
2256
157
213
Automotive
. do ..
218.5
197.3
149.1
208.4
208.8
201.3
2,514.9
238.8
204.3
207.8
240.2
217.1
Classified
do.... 2,195.6
31.3
31.7
26.0
42.6
31.1
29.7
352
394
455
2973
3872
260
280
Financial
do. .
91.7
119.1
128.8
120.6
137.1
134.9
114.0
94.1
92.8
109.4
129.4
1,380.0
General
do.... 1,121.7
419.9
364.7
509.4
345.0
43889
358.9
4236
4088
4494
547.5
5 067 8 4621
3974
Retail
do.
WHOLESALE TRADE $
Merchant wholesalers sales (unadj ) total . mil. $.. 1 055 168 1,174 072 98116 100 159 97,562 95,143 98,548 100,820 95,938 98,565 87,340 87,470 103,912
448 040 499 970 41850 44359 42626 42523 42726 43 253 40333 41012 35404 36578 42482
Durable goods establishments
do
Nondurable goods establishments
do.... 607,128 674,102 56,266 55,800 54,936 52,620 55,822 57,567 55,605 57,553 51,936 50,892 61,430
Merchant wholesalers inventories, book value,
104 655 111 163 105 171 106 021 104 675 105 722 107 225 108 655 111015 111 163 111 331 110 187 111 386
end of year or month (unadj ) total
mil $
65,825
72,345 70,199 70,870 69,825 70,590 71,411 71,008 72,450 72,345 71,575 71,931 73,073
Durable goods establishments
do....
38 830
38818 34972 35 151 34850 35132 35814 37647 38565 38818 39756 38256 38313
RETAIL TRADE
AH retail stores: f
m
951 902 1 038 790 86 899 87309 88248 89046 85522 88779 87331 106,069 76,647 75,698 86,172
Estimated sales (unadj ) total t
il $
296 594 326 596 27522 28985 28858 29248 27626 27165 25750 29,140 21,704 23,365 27,988
Durable goods stores %•
do
Building materials, hardware, garden supply,
3,055
3,861
4,190
3,841
3,058
4,662
4,704
5,174
4,952
4,824
49,616
53,164
4,969
and mobile home dealers
mil. $..
Automotive dealers
do.... 162,309 180,722 15,213 16,205 16,307 16,742 15,425 14,842 13,444 13,341 12,118 13,912 17,068
4,836
3,552
3,143
3,887
3,987
3,211
3,785
3,838
43,416
3,745
3,881
45,701
3,630
Furniture, home furn., and equip
do,...
Nondurable goods stores
do.... 655,308 712,194 59,377 58,324 59,390 59,798 57,896 61,614 61,581 76,929 54,943 52,333 58,184
9,473
7,442
9,905 11,014 12,622 19,888
7,468
9,600 10,423
General merch. group stores
do.... 117,227 127,494 10,307 10,079
Food stores
do.... 217,047 237,586 20,339 19,693 20,928 20,121 19,544 20,723 19,514 22,019 19,966 18,594 20,066
8,110
7,918
8,555
7,460
8,855
8,271
8,895
9,069
8,551
8,664
93,624 101,665
8,636
Gasoline service stations
do....
6,676
3,729
3,168
4,227
3,302
3,589
4,126
3,920
4,268
3,724
3,623
44,426
47,755
Apparel and accessory stores
do....
7,888
7,279
7,259
8,129
8,183
8,176
8,432
8,500
7,989
7,570
8,253
85,842
94,070
Eating and drinking places
do....
3,837
2,590
2,575
2,802
2,601
2,760
2,699
2,710
2,699
2,725
2,693
30,504
32,999
Drug and proprietary stores
do....
1,257
1,396
2,125
1,333
1,362
1,458
1,422
1,506
1,479
1,438
17,083
17,461
1,436
Liquor stores
do....
86361 87299 87292 87,961 87,823 86,413 86733 86,572 85,320 87,654 87,277
Estimated sales (seas adj ) total f
do
27488 27,725 27,759 28,098 27,810 26,354 26,436 26,206 25,316 26,810 26,958
Durable goods stores ^
.... do. .
Building materials, hardware, garden supply,
4,487
4,130
4,173
4,580
4,377
4,313
4,213
4,058
4,046
4,152
4578
and mobile home dealers $
.. mil $ .
2690
2727
2758
2538
2937
2876
2807
2586
2712
Building materials and supply stores do
3074
3045
785
771
781
796
782
789
783
844
794
803
*783
Hardware stores
.
.. do .
15191 15364 15,451 15,896 15,664 14,506 14,596 14,497 13,677 14,894 15,175
Automotive dealers
do .
13,595 13,718 13,728 14,148 13,888 12,806 12,866 12,819 12,083 13,239 13,526
Motor vehicle dealers
do....
1,649
1748
1,678
1,594
1,655
1,723
1,730
1646
1,700
1,776
1596
Auto and home supply stores
do
3,776
3,652
3,828
3,508
3,655
3814
3,734
3,864
3781
3,775
3817
Furniture home furn and equip •$•
. do
2374
2358
2 112
2 176
2182
2391
2270
2285
2275
2351
2289
Furniture home furnishings stores
do
1,173
1,236
1,137
1,187
1.164
1,176
1,202
1,200
1,228
1.246
Household aooliance. radio. TV
do....
1.138
See footnotes at end of tables.




56,947

38 054

87 502 r90,169 '89,798
27 903 '29,273 '29 466

r
r

'4,308
16,506
r
3,451
'59,599
10,226
r
20,616
'7,819
r
4,038
'8,464
r
2,829
1,410
r
88,294
r
27,984
r

r
4,867
17,184
r
3,464
r
60,896
10,772
'21,091
r
8,045
'3,946
'8,947
'2,843
1,479
'90,682
r
29,267

'5,056
16,923
'3,703
'60,332
10,275
'20,981
'8,359
'3,818
'9,054
'2,841
'89,301
'28,037

4,263 '4,482 '4,455
2,966
2829
r
759
833
16,074 17,124 15,944
14,360 15,365 14,076
1,714
1,759
r
3,706 '3,709 '3,692
r
2219
2233
1,192
1,184

S-9

SURVEY OF CURRENT BUSINESS

July 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1982

1981

1981

Annual

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

60,319 r60,310 r61,415 '61,264
11,178
10,833 10,700
10,940
r
9,227 '9,046
8,992 r8,861
r
757
721
760
20,340 r20,555 r20,919 X20 843
18,798 19,026
19,374 19,269
8047 r7,827 r7918 '7976
r
4196
4r017 r 4245 '4200
633
670
619
1599 1r 562 1642
781
700
766

May

June

DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail stores t—Continued
Estimated sales (seas, adj.)—Continued
Nondurable goods stores
General merch. group stores
Department stores
Variety stores ..

.

mil. $..
.do
do....
do

.

2

()

Food stores
. . .
do
Grocery stores
do....
Gasoline service stations
do
Apparel and accessory stores #
do
Men's and boys' clothing
do....
Women's clothing spec stores furriers do
Shoe stores
do.
Eating and drinking places . . . . .
Drug and proprietary stores
Liquor stores

. . do .
do
do .

Estimated inventories, end of year or month: t
Book value (unadjusted), total
mil. $..
Durable goods stores #
do
Building materials and supply stores .. do....
Automotive dealers
do
Furniture, home furn., and equip
do....
Nondurable goods stores #
do....
General merch. group stores...
...do....
Department stores
do....
Food stores
do
Apparel and accessory stores
do....
Book value (seas, adj.), total
do....
Durable goods stores #
do
Building materials and supply stores .. do....
Automotive dealers
do....
Furniture, home furn., and equip ........ do....
Nondurable goods stores #
General merch. group stores
Department stores
Food stores
Apparel and accessory stores
Firms with 11 or more stores:
Estimated sales (unadjusted), total
Durable goods stores
.
Auto and home supply stores

.

Nondurable goods stores #
General merchandise group stores
Food stores
Grocery stores
Apparel and accessory stores
Eating places .....
•
Drug stores and proprietary stores
Estimated sales (sea. adj) total # .
Auto and home supply stores
Department stores .
Variety stores
Grocery stores
Apparel and accessory stores
Women's clothing, spec stores furriers
Shoe stores
Drug stores and proprietary stores

111,104
52991
9,197
24708
8346
58113
19,811
14,835
12 600
9,041
114,114
53747
9,610
24,488
8,542

do....
do....
do....
do.
do....

60,367
21,810
16,213
12 535
9,388

mil. $..
. do
do....

338,028
25023
3,606

do....
do....
do....
do
do....
do
do....
do
do....
do
do
do....

313,005
105,982
115,059
113 630
17,066
18237
16,137

58,873
10523
8,553
740

59,574
10743
8,764
749

59,533
10610
8,632
756

19577
18069
8442

19881
18,337
8468

3929
649
1479
718

19798
18282
8480
4003
652
1512
729

7815
2717
1439

7854
2774
1435

7807
2 777
1449

4013

651

1 511

730

59,863
10743
8,746
756
20131
18,614
8449
4029
656
1 518
720
7813
2797
1459

60,013
10651
8,683
732

60,059
10634
8,645
737

60,297
10,751
8,721
740

60,366
10,774
8,728
738

60,004
10,427
8,672
707

60,844
10,770
8,916
714

20053
18525
8551

20199
18694
8511

20393
18,867
8536

20487
18,950
8521

20213
18,666
8628

20,419
18,778
8382

4035
672
1505
708

3994
678
1459
712

3985
630
1485
702

3984
627
1471
750

3947
568
1534
722

4340
615
1663
792

7989
2791
1462

7999
2802
1458

7935
2801
1*463

7880
2801
1500

7973
2690
1*466

8460
2823
1468

122,236 118,319 119,770 121,401 121,532 124 524 130 334 133 246 122 236 119 899 120 063
57994 56897 57817 58070 56506 56491 58528 59819 57994 57 454 56869
9,390 10,346 10,185
9,936
9894
9*776
9390
9*772
9745
9372
9657
28211 26711 27747 28 134 26094 25759 26 879 27838 28211 28 249 27384
8847
8784
8826
8731
8833
8847
8*663
8605
8*908
9256
9349
64 242 61422 61953 63331 65026 68033 71806 73427 64242 62445 63 194
22,515 22,513 22,899 23,456 24,383 26223 28 405 28746 22515 22 113 22575
16,897 16,934 17,035 17,370 18,050 19,514 21,242 21,730 16,897 16,600 16,882
13825 13020 13012 13 093 13 138 13 446 13 905 14208 13825 13573 13724
9,574
9,198
9,261
9,653 10,089 10525 10,978 11,193
9574
9,249
9,565
125,693 118,191 120,010 121,993 123,341 124,376 125,364 125,618 125,693 124,131 123,395
58835 55560 56764 57865 58545 58761 59014 58907 58835 57807 56957
9,822 10,064 10,015
9,946
9*954
9,881
9,895
9,903
9,638
9,822
9,652
27,987 25,439 26,705 27 718 28 149 28 276 28294 28091 27987 27695 27006
9,074
8,775
8,782
8,784
8,780
8900
9068
9074
8,968
8826
8811
66,858 62,631 63,246 64,128 64,796 65615 66350 66711 66858 66324 66,438
24,821 22 862 23,300 23,702 24,073 24,519 25,188 25,113 24,821 24,666 24,611
18,487 17,122 17,347 17688 17,960 18 375 18899 18798 18 487 18465 18470
13702 13 152 13143 13279 13365 13 568 13 474 13 583 13702 13766 14018
9627
9,952
9,463
9810
9872
9901
9899 10*030
9952 10097 10197
372,443

30,891

30,239

30,489

27216
3,846
345,227
116,115
127,517
125 629
18,798
20125
17,769

2297
324
28,594
9,388
10,858
10710
1,491
1759
1,459

2361

9,210
10421
10276
1,428
1724
1,445

2326
349
28,163
8,711
11,149
10990
1,378
1808
1,452

30 783

317
8224
576
10,358

31389
325
8439
584
10507

31270
326
8325
582
10547

1563

1590

1585

1,472

1,497

1,502

(2)

do. ..
do
do. .
do....

665
349

353
27,878

683
350

675
351

31,053
2274
334
28779
9,505
10708
10555
1,678
1804
1,442
31415
326
8436
589
10738
1569
666
342
1,504

30,017

32,282

2230
2278
342
322
27787 30004
9,041
9,992
10487 11246
10340 11 098
1,631
lj560
1 641 1 755
1,436
1,365

31 412
324
8 363
571
10627
1572
665
336
1,493

31 187
315
8 328
572
10640
1544
651
337
1,501

33310

44,821

27,194

1710
275
30906 41374 25 484
11533 18,270
6,753
10488 12064 10934
10339 11 790 10797
1,729
2,790
1,160
1 690 1 705 1 579
1,477
2,254
1,394
31391 31827 31 311
313
320
329
8374
8407
8330
580
550
578
10725 10 927 10733
1567
1591
1598
655
655
674
337
366
358
1,488
1,503
1,489
2404
321

3447
345

8329
2880
1495

r
30,277
1 718 r2115
r
259
323
24420 r28
162
r
8,715
6,814
10086 10 923
9929 10 779
1,137 1,477
1 512 1 750
1,374 1,524
31951 *32044
r
337
339
8539 r8668
563
598
10863 10 910
1710 1664
718
697
r
368
365
1,561 1,611

8 570
2892
1506

X
8664
12935

231 63

231 81

2852
1519

123 374 123 533
1-57 842 57700
r
9795
9942
r
28
097 27599
r
8646
8 630
T
65 532 65 833
r
24,016 24486
18,025 18,455
13 907 13 879
10*054
9*972
123,332
123,171
r
56
803 56 583
r
9*500
9*560
r
26691
27
068
r
8,708
8620
66588
'66,529
r
24,689 24,696
18 506 18529
13 824 13865
10 301 10228

26,138

r
r

r
8364
r

•

31,445
2227
352
29218
9,397
11220
11 050
1,663
1 805
1,561
31877
329
8510
589
11006

1 611
672
340
1,574

LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas $ .
mil
LABOR FORCE
Not Seasonally Adjusted
Labor force, total, persons 16 years of age
and over
thous
Armed forces
do
Civilian labor force, total
do....
Employed
do
Unemployed
do
Seasonally Adjusted 1J
Civilian labor force, total
. . . . . . . . . do
Participation rate *
percent..
Employed total . .
thous
Employment-population ratio * ......percentAgriculture
thous
Nonagriculture ...
do
Unemployed, total ...
. . . .
Long term, 15 weeks and over
See footnotes at end of tables.




do
do....

3

3

109 042
2102
106,940
99303
7637

110 812 110 713 112 035 112 881 112 259 110 438 111 402 111 337 110 738 110 173 110? 492 110 936 110 990 112 089 113 742
2 173
2142
2 160
2127
2 131
2 139
2 165
2*158
2*158
2 164
2 159
2 168
2 175
2 176
2 175
108,670 108,586 109,904 110,742 110,099 108,273 109*,244 109479 108,574 108,014 108,324 108,761 108J814 109,914 111,569
100 397 100 855 101 419 102 612 102 152 100 389 101 028 100 502 99562 97 831 97946 98471 98 858 99 957 100 683
8273
7731
8485
8 130
7947
7884
8216
8676
9 013 10 183 10 378 10 290
9 957
9 957 10*886

227 66

229 80

63.8

63.9

58.5
3364
95938

58.3
3368
97030

1,871

2,285

22944

22962

22980

23003

23026

23048

230 67

230 84

23i oi

231 17

231 31

231 4g

109 293 108 434 108,688 108,818 108 494 109 012 109 272 109 184 108 879 109 165 109 346 109 648 110 666 110 191
63.9
64.4
63.8
63.8
638
639
63.6
638
635
637
637
638
643
640
101 045 100 430 100 864 100 840 100 258 100 343 100 172 99613 99581 99590 99492 99340 100 117 99 764
58.3
58.5
58.8
58.4
58.0
58.0
57.9
57.5
57.1
57.4
57.3
57.2
57.5
57.2
3405
3342
3404
3348
3358
3378
3 209
3373
3372
3 411
3309
3488
3349
3 357
97640 97082 97,522 97,436 96*900 96965 96800 96404 96 170 96217 96 144 96032 96629 96406
82^-8
7,824
8,004
7,978
8236
8669
9100
9571
9298
9 575
9 854 10 307 10 549 10427
2,170
2,217
2,231
2,363
2,292
2*.364
2,248
2*372
2,954
2,399
2*724
3,015
3,286
3,673

S-10

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

July 1982
1982

1981
May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE—Continued
Seasonally Adjusted H
Civilian labor force—Continued
Unemployed—Continued
Rates (unemployed in each group as percent
of civilian labor force in the group):
All civilian workers
Men 20 years and over ..
Women 20 years and over
Both sexes, 16-19 years
White
Black and other
Married men spouse present
Married women, spouse present
Women who maintain families
Occupation:
White-collar workers
Blue-collar workers
Industry of last job (nonagricultural):
Private wage and salary workers
Construction
Manufacturing
Durable goods
EMPLOYMENT f
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seasonal variation -.thous..
Private sector (excl. government)
do.—

7.1
59
6.4
17.8
63
13 1
42
5.8
92

7.6
63
6.8
19.6
6.7
142
4.3
6.0
104

7.5
63
67
19.4
6.7
137
40
5.8
104

7.4
61
66
19.2
6.4
142
42
5.7
107

7.2
58
67
18.7
6.3
138
39
5.7
112

7.3
60
6.6
19.0
6.2
147
4.0
5.5
101

76
62
69
19.7
66
148
44
6.0
107

8.0
67
7.0
20.4
7.0
152
4.8
6.1
10.6

8.3
71
72
21.4
7.4
152
5.2
6.5
108

8.8
7.9
7.4
21.5
7.7
157
5.7
6.6
10.5

8.5
75
7.2
21.7
7.5
15.1
5.3
6.2
10.4

8.8
76
7.6
22.3
7.7
15.9
5.3
7.0
10.2

9.0
7.9
7.9
21.9
7.9
16.6
5.5
7.1
10.6

9.4
8.2
8.3
23.0
8.4
16.9
6.0
7.8
11.5

9.5
8.4
8.3
23.1
8.5
17.2
6.1
7.4
11.8

9.5
8.7
8.1
22.3
8.4
17.1
6.5
7.0
12.4

3.7
100

4.0
103

4.0
99

3.9
98

4.0
9.5

3.9
95

4.1
102

4.1
10.9

4.2
118

4.5
12.7

4.2
12.5

4.6
12.5

4.8
12.9

4.9
13.7

4.8
13.5

5.0
13.9

74
141
8.5
90

77
156
8.3
82

77
157
7.8
74

74
161
7.4
71

72
15.2
7.3
71

73
16.2
7.0
6.5

77
16.3
7.9
77

81
17.6
8.6
8.6

84
17.8
9.4
9.5

9.1
18.1
11.0
11.8

8.8
18.7
10.4
110

9.0
18.1
10.6
11.3

9.5
17.9
10.8
10.8

9.9
19.4
11.8
11.9

9.9
18.8
11.6
12.2

10.0
19.2
12.3
13.2

90,406
74,165

91,105
75,081

91,432
75,044

92,056
75,888

91,107
75,773

91,087
75,990

91,620
76,091

91,884
75,884

91,765
75,628

91,437
75,329

89,269
73,407

89,413
73,328

89,679 r89,984 r'90,440 "90,741
73,503 '73,830 74,292 "74,686

90,406
74165
53,880
25,658
1,027
4,346
20285
12,187
690
465
662
1 142
1,613
2494
2,090
1,899
711
418
8,098
1708
68
847
1,263
692
1,252
1,107
197
726
232

91,105
75081
54,908
25 481
1,132
4,176

91,131
75,053
54,721
25540
985
4,223

91,286
75266
54,932
25,656
1,137
4,185

91,396
75432
55,053
25,718
1,164
4,175

91,322
75428
55,117
25637
1,180
4,146

91,363
75459
55,192
25583
1,192
4,124

90,996
75,088
55,185
25,176
1,202
4,071

90,459
74,609
55,155
24,631
1,203
3,974

20332
12,237
694
473
646
1,137
1,613
2,506
2,101
1,930
726
411

20379
12,266
683
476
644
1 132
1,617
2527
2,112
1,925
731
419

19,454
11,575
611
449
596
1,024
1,505
2,446
2,048
1,778
718
400

7,952
1,661
68
794
1,222
677
1,276
1,100
214
716
224

7,895
1,657
69
780
1,201
674
1,275
1,095
210
712
222

7,879
1,663
68
777
1,201
670
1,276
1,093
208
708
215

65,591
5,158
20,543
5,361
15,182
5,295
18,517
16,078
2776
13,302

8,113
1678
' 70
835
1,255
691
1,268
1,110
217
750
239
65,678
5,168
20,620
5,375
15245
5311
18,615
15,964
2775
13,189

20311
12,228
671
475
643
1 134
1,610
2532
2,116
1,901
734
412
8,083
1659
70
829
1,253
691
1,271
1,107
216
752
235
65,685
5,168
20,650
5,387
15,263
5,319
18,654
15,894
2,769
13,125

19,517
11,622
607
452
596
1,038
1,515
2,459
2,055
1,777
720
403

64,748
5,146
20310
5,275
15035
5160
17,890
16,241
2866
13,375

20 334
12,246
685
474
644
1 137
1,611
2516
2,104
1,938
726
411
8,088
1673
71
830
1,251
690
1,263
1,111
217
747
235
65630
5,162
20,590
5,366
15,224
5,302
18,556
16,020
2777
13,243

90,642
74,725
55,049
24,908
1,206
4,026
19,676
11,724
615
457
610
1,053
1,529
2,486
2,049
1,791
725
409

90,460
74,596
55,079
24,684
1,201

20173
12,117
668
467
638
1 121
1,592
2507
2,092
1,892
726
410
8,056
1674
69
822
1,244
687
1,265
1,107
215
736
233
65,625
5,157
20551
5,359
15,192
5301
18,592
16,024
2772
13,253

91,224
75307
55,210
25,393
1,195
4,101
20,267 20,097
12,184 12,059
643
661
473
469
629
638
1 125 1 104
1,577
1,604
2532
2539
2,101
2,113
1,861
1,884
731
734
412
413
8,038
8,083
1662
1658
69
69
814
827
1,243
1,253
685
695
1,276
1,274
1,107
1,110
215
216
734
746
233
235
65,780
5,181
20,660
5,383
15,277
5,328
18,707
15,904
2,764
13,140

65,831
5,162
20,654
5,380
15,274
5,325
18,773
15,917
2,757
13,160

65,820
5,150
20,623
5,375
15,248
5,324
18,815
15,908
2,749
13,159

65,734
5,128
20,524
5,357
15,167
5,331
18,834
15,917
2,756
13,161

65,776
5,125
20,630
5,346
15,284
5,326
18,831
15,864
2,741
13,123

65,828
5,115
20,670
5,343
15,327
5,326
18,867
15,850
2,737
13,113

90,304 rr90,083 r90,151 '90,010
74,445 74,231 '74,309 "74,093
'55,195 "55,122
55,126 '55,062
24,450 r24,289 '24,262 "24,053
"1,130
1,197 r 1,182 1,154
3,938 r3,994 "3,952
3,934
19,319 19,169 19,114 "18,971
11,337 p 11,254
11,490 11,375
r
'618
615
"623
607
443
'443
"445
446
'587
"581
584
590
r
'946
976
"934
1,007
1,473
"1,462
1,496 1,481
'2,378 "2,339
2,419 '2,389
r
2,034 '2,033 "2,029
2,038
1,756
"1,747
1,774 1,748
713
714
"708
716
'389
397
'392
"386
7,794 '7,777 "7,717
7,829
1,643 1,649
"1,634
1,658
67
67
"67
68
r
'758
773
"736
760
1,164 "1,159
1,186 1,165
664
'661
"659
668
1,274
"1,267
1,278 1,274
1,078
"1,074
1,088
1,082
r
207
'206
"206
206
'706
'708
"704
703
"211
214
'212
213
r
'65,889 "65,957
65,854 65,794
5,100 r5,094 '5,101 "5,076
20,655 r20,584 '20,658 "20,643
5,336 '5,323 '5,326 "5,302
15,319 15,261 15,332 "15,341
5,336 '5,335 '5,340 "5,349
18,904 18,929 18,948 "18,972
15,859 15,852 15,842 "15,917
2,730 '2,734 "2,724
2,736
13,123 13,122 13,108 "13,193

60,331
14,214

60,881
14,021

60,894
14,141

61,600
14,267

61,456
14,043

61,645
14,153

61,776
14,304

61,585
14,079

61,311
13,834

61,007
13,515

59,135
13,200

59,094
13,168

59,257 r59,562 '60,032 "60,417
13,093 12,971 12,964 "13,016

60,331
18442
762
3,421
14214
8,442
577
375
513
877
1,195
1,602
1,328
1,233
425
313

60,881
18245
832
3,250
14 021
8,301
555
376
491
860
1,172
1,585
1,311
1,215
428
304

60,890
18201
'717
3,294
14190
8,428
580
382
498
876
1,193
1,589
1,325
1,252
429
304

61,046
18267
837
3,253
14,177
8,427
572
383
497
876
1,190
1,596
1,325
1,255
429
304

61,193
18313
856
3,245
14,212
8,439
570
385
496
872
1,196
1,601
1,331
1,244
432
312

61,168
18,224
869
3,219
14,136
8,389
558
383
496
871
1,188
1,607
1,331
1,219
431
305

61,180
18164
876
3,201
14,087
8,345
549
381
492
865
1,182
1,606
1,327
1,206
431
306

61,017
17,972
877
3,180
13,915
8,218
531
376
484
843
1,156
1,598
1,314
1,184
428
304

60,775
17,754
882
3,155
13,717
8,061
516
369
475
821
1,133
1,576
1,285
1,159
424
303

60,401
17,478
883
3,107
13,488
7,885
503
364
465
795
1,110
1,552
1,257
1,115
423
301

60,248
17,251
875
3,035
13,341
7,793
497
359
452
780
1,096
1,526
1,266
1,102
420
295

60,282
17,225
876
3,059
13,290
7,759
502
356
452
770
1,089
1,514
1,258
1,108
418
292

60,132 '59,923 '60,030 P59,888
16,932 "16,789
17,073 16,922
r
863
'840
"812
871
3,023 '3,017 '3,078 "3,043
13,179 13,042 13,014 "12,934
'7,557 "7,518
7,685 '7,576
r
507
"515
'508
497
'350
350
"352
353
"440
444
446
441
r
"696
727
'703
756
1,064 "1,056
1,081 1,069
1,454 "1,425
1,490 1,460
"1,241
1,239
1,248 1,241
"1,100
1,100
1,109 1,086
"412
'412
415
411
"281
284
'283
290

Seasonally Adjusted t
Total employees, nonagricultural payrolls
Private sector (excl government) ... ... .
Nonmaniifacturing industries
Goods-producing
.. ..
Mining
Construction
Manufacturing
Durable goods
Lumber and wood products.

do—
do ...
do.do . .
do....
do....
do. .
do.—
do

Stone, clay and glass products
Primary metal industries
Fabricated metal products
Machinery except electrical
.
Electric and electronic equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturing

do—
do
do—
do
do—
do—
do....
do—

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 plastics products, nee
Leather and leather products

do....
do.
. do...
do—
do—
do—
do....
do,...
do—
do....
do—

Service-producing
.,
do..
Transportation and public utilities
do—
Wholesale and retail trade
do
Wholesale trade
. do
Retail trade
. .
do
Finance insurance and real estate
do
Services
do....
Government
...
.
do
Federal
do
State and local
do ..
Production or nonsupervisory workers on private
nonagric, payrolls, not seas, adjusted
thous..
Manufacturing
doSeasonally Adjusted t
Production or nonsupervisory workers on private
nonagricultural payrolls "j"
..thous..
Goods-producing
do
Mining
..
....
... do .
Construction
doManufacturing
do
Durable goods
.
do....
Lumber and wood products
do....
Furniture and fixtures
do—
Stone, clay, and glass products
do—
Primary metal industries
do...
Fabricated metal products
do...
Machinery, except electrical
do...
Electric and electronic equipment
doTransportation equipment
do...
Instruments and related products
doMiscellaneous manufacturing
do...
See footnotes at end of tables.




8,095
1689
70
828
1,250
690
1,262
1,109
217
745
235

19,903
11,901
628
462
620
1082
1,553
2,511
2,077
1,830
727
411
8,002
1664
69
804
1,235
681
1,276
1,103
215
725
230

S-ll

SUEVEY OF CURRENT BUSINESS

July 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

1982

1981
May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Mar.

Feb.

Apr.

May

June

LABOR FORGE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT f— Continued
Seasonally Adjusted f
Production or nonsupervisory workers—Continued
Nondurable goods
thous
5,772
Food and kindred products
do..
1,174
Tobacco manufactures
do..
53
Textile mill products
do
736
Apparel and other textile products
do..
1,079
Paper and allied products
do..
522
Printing and publishing
.. do
698
Chemicals and allied products
do..
625
Petroleum and coal products
do..
124
Rubber and plastics products, nee
do..
559
Leather and leather products
do..
196
Service-producing
.
do
42,015
Transportation and public utilities
do
4,293
Wholesale and retail trade - „.
do
17,812
Wholesale trade
do..
4,312
Retail trade . . . .
do
13,500
Finance, insurance, and real estate.
.. do
3,907
Services
do
15,921
AVERAGE HOURS PER WEEK f
Seasonally Adjusted
Avg. weekly hours per worker on private nonagric.
payrolls: U.Nbt seasonally adjusted
hours. . 35.3
Seasonally adjusted
do...
Mining $
,....,.,.,.,. ..,,. ..
.
do...
"'*43.3
Construction $
..
do
37.0
Manufacturing:
Not seasonally adjusted
do39.7
Seasonally adjusted
.
do
2.8
40.1
Overtime hours
do
2.8
Lumber and wood products......
do....
38.5
Furniture and fixtures
do....
38.1
Stone, clay and glass products
do
40.8
Primary metal industries
do....
40.1
Fabricated metal products.,
do....
40.4
Machinery, except electrical
do....
41.0
Electric and electronic equipment .; do....
39.8
Transportation equipment
do....
40.6
Instruments and related products
do....
40.5
Miscellaneous manufacturing
do....
38.7
Nondurable goods
do
39.0
Overtime hours
do ...
2.8
Food and kindred products ..,...,
do....
39.7
Tobacco manufactures $...,
do
38.1
Textile mill products
do
40.1
Apparel and other textile products
do....
35.4
Paper and allied products . ...
do
42.2
Printing and publishing
do....
37.1
Chemicals and allied products
do....
41.5
Petroleum and coal products
do....
41.8
Rubber and plastics products, nee
do....
40.0
Leather and leather products
do....
36.7
Transportation and public utilities $
do....
39.6
Wholesale and retail trade
do
32.2
Wholesale trade
, .....
. do
38.5
Retail trade
do....
30.2
Finance, insurance and real-estate $
..... do
36.2
Services ,
..„...„
do..
32.6
AGGREGATE EMPLOYEE-HOURS f
Seasonally Adjusted
Employee-hours, wage & salary workers in nonagric. establish, for 1 week in the month,
seas adj. at annual rate
bil. hours169.41
Total private sector
..
do
137.57
Mining
do
2.32
Construction „„.„„..„.,,.,
.............. do8.36
Manufacturing
.. .. do
41.91
Transportation and public utilities
do....
10.61
Wholesale and retail trade
...,,... do..
34.17
Finance, insurance, and real estate
do..,.
9.74
Services
..
do
30.45
Government
....,,,.,„.,..,...,,,, do..,.
31.84
Indexes of employee-hours (aggregate weekly): U
Private nonagric. payrolls,
total
1977=100..
107.2
Goods-producine1
do
102.4
Mining ,
„.,.... ... do. ..
122.6
Construction
do
115.0
Manufacturing
..
... do .
98.9
Durable goods
do...
99.5
Nondurable goods
..
do
98.1
Service-producing
, .,
do.
109.8
Transportation and public utilities
do....
106.3
Wholesale and retail trade
do....
105.5
Wholesale trade
.
.. do.
110.3
Retail trade
do....
103.7
Finance, insurance, and real estate....
do....
114.5
Services
do...,
115.0
See footnotes at end of tables.




5,721
1,150
54
712
1,059
518
698
627
134
569
197
42,964
4,277
17,960
4,360
13,600
4,002
16,539

5,762
1,164
55
718
1,065
520
697
630
138
577
198
42,689
4,279
17,934
4364
13,570
4,000
16,476

5,750
1,148
55
719
1,066
520
697
631
136
580
198
42,779
4,282
17,981
4,366
13,615
4,005
16,511

5,773
1,154
55
724
1,069
521
698
630
136
584
202
42,880
4,285
18,026
4,376
13,650
4,010
16,559

5,747
1,139
55
718
1,066
520
699
630
134
586
200
42,944
4,285
18,049
4,381
13,668
4,018
16,592

5,742
1,137
54
717
1,066
525
701
629
134
580
199
43,016
4,295
18,059
4,376
13,683
4,023
16,639

5,697
1,142
54
704
1,056
515
702
625
133
568
198
43,045
4,275
18,053
4,373
13,680
4,019
16,698

35.2

35.2
35.4
43.9
37.0

35.4
35.2
42.3
37.2

35.6
35.3
43.6
37.8

35.6
35.2
44.2
37.4

35.1
35.0
43.9
35.8

35.2
35.1
44.5
37.6

40.1
40.2
3.1
40.7
3.1
39.6
38.8
40.9
41.1
40.8
41.4
40.3
41.6
40.4
39.1
39.4
3,0
39.7
38.7
40.2
35.9
42.8
37.4
41.6
43.8
41.1
37.0
39.3
32.2
38.6
30.2
36.1
32.7

40.2
40.1
3.0
40.5
3.0
38.9
38.8
40.7
40.9
40.6
41.1
40.2
41.4
40.4
39.0
39.4
2.9
39.7
38.5
40.1
35.9
42.7
37.4
41.7
43.4
40.9
37.1
39.7
32.1
38.5
30.0
36.1
32.5

39.6
40.0
3.0
40.5
3.0
38.7
38.6
40.8
40.7
40.5
41,2
40.4
41.2
40.5
39.0
39.2
2.9
39.5
38.6
40.1
35.8
42.7
37.3
41.7
43.1
40.5
36.4
39.7
32.2
38.6
30.1
36.3
32.6

39.9
39.9
3.0
40.4
3.0
38.4
38.4
40.7
40.8
40.4
41.1
40.3
41.2
40.6
38.9
39.2
2.9
39.4
40.7
39.8
35.9
42.5
37.3
41.7
42.9
40.5
36.7
39.5
32,2
38.6
30.1
36.4
32.5

39.5
39 4
2.7
39.7
2.7
37.6
37.4
40.3
40.6
39.6
40.3
39.7
40.1
40.4
38.4
38.9
2.8
39.3
40.2
38.8
35.2
43.0
37.1
42.2
43.1
39.7
36.2
39.2
32.1
38.5
30.1
36.0
32.5

39.7
39.5
2.7
40.0
2.6
37.8
38.0
40.1
40.0
40.0
40.8
39.8
40.6

36i9

39.8
2.8
40.2
2.8
38.7
38.4
40.6
40.5
40.3
40.9
39.9
40.9
40.4
38.8
39.1
2.8
39.7
38.8
39.6
35.7
42.5
37.3
41.6
43.2
40.3
36.8
39.4
32.2
38.6
30.1
36.3
32.6

5,603
1,140
53
683
1,036
506
700
616
131
548
190
42,923
4 241
17,920
4,348
13,572
4,014
16,748

5,548
1,135
54
670
1,018
504
699
612
125
544
187
42,997
4241
18,011
4,332
13,679
4,007
16,738

5,531
1,142
53
667
1,018
501
699
609
124
538
180
43,057
4,232
18,061
4,327
13,734
4,003

35.1
. 35.1
44.4
37.1

35.2
35.0
44.8
97 1

33.9
34.4
42.9
33.3

34.8
35.0
43.6
35.9

38.9
38.9
2.8
39.5
39.4
39.0
35.5
42.4
37.1
41.5
42.2
39,9
36.7
39.1
32.0
38,4
29.9
36.2
32.6

39.7
39.3
2.5
39.7
24
37.7
37.6
40.1
39.6
39.7
40.7
39.4
40.4
40.2
39.0
38.7
2.7
39.5
38.8
38.7
35.5
42.0
37.1
41.2
42.5
39.6
36.5
39.2
32.1
38.5
30.0
36.2
32.6

39.9
39.1
24
39.5
2.3
37.7
37.9
39.7
39.2
39.5
40.4
39.5
39.7
39.0
38.5
38.6
2.6
39.8
38.1
37.8
35.1
41.8
37.1
41.3
42.7
39.4
36.1
39.3
32.0
38.4
29.9
36.2
32.6

37.1
37.6
2.3
38.2
2.2
35.0
33.6
38.6
38.3
38.1
39.3
38.3
39.0
39.0
37.3
36.8
2.5
39.1
36.1
32.3
31.4
41.3
36.9
41.0
44.3
37.9
34.1
38.5
31.7
38.1
29.7
36.2
32.5

39.2
39.4
2.4
39.8
2.2
37.9
37.7
40.1
39.4
39.7
40.7
39.8
40.5
39.9
38.6
38.9
2.6
40.2
38.3
38.3
35.5
42.3
37.4
41.2
43.5
40.0
35.6
39.2
32.0
38.5
29.9
36.2
32.6 ,

40;3

5,656
1,144
54
693
1,049
51
700
62
132
557
195
43,021
4,261
18,016
4,367
13,649
4,013
16,731

5,494 '5,466
1,138 1,125
53
52
65
'662
1,006
'987
499
'496
701
698
609
'602
124
123
534
'541
179
180
43,059 '43 001
4,217 '4,209
18,051 17,996
4,317 '4,301
13,734 13,695
4,004 '3,99*
16,787

34.7
34.9
43.8
37.0

34.6
34.9
42.7
'36.7

'34.8
'34.9
42.5
37.5

39.1
39.0
2.3
39.5
2.2
37.6
37.3
40.0
38.8
39.5
40.2
39.4
40.4
39.9
38.6
38.5
2.5
39.5
37.3
37.6
35.0
41.8
37.1
40.7
43.5
39.6
35.8
39.0
31.9
38.4
29.8
36.3
32.6

38.7
39.0
2.4
39.5
2.2
37.6
37.4
'40.0
'38.5
39.4
40.1
39.3
41.1
39.9
'38.5
38.4
2.6
39.4
'36.6
'37.7
34.7
42.1
37.1
40.7
r
44.0
39.8
'35.6
'38.8
31.8
38.3
29.8
36.2
32.7

39.0
qq i

2^5
39.3
'36.9
'37.9
34.8
41.8
'36.9
'41.0
'44.0
'39.9
'35.9
'38.9
'32.0
'38.5
'30.0
'36.3
'32.6

167.40
136.02
2.66
7.37
38.98
10.39
34.33
10.04
32.25
31.38

167.73
136.40
2.56
7.53
39.01
10.32
34.59
10.15
32.24
31.32

105.2

105.6
'93.3
134.1
104.6
'89.2
'87.7
91.4
112.4
103.0
106.5
110.2
105.1
117.9

169.98
139.06
2.58
8.01
41.71
10.57
34.54
10.00
31.65
30.91

170.66
139.15
2.26
8.05
42.26
10.57
34.47
10.00
31.54
31.52

170.08
138.64
2.46
7.81
41.96
10.60
34.39
9.98
31.43
31.44

170.24
139.20
2.61
7.90
42.06
10.59
34.52
10.02
31.51
31.04

170.42
139.36
2.68
7.82
42.03
10.52
34.70
10.05
31.56
31.06

167.03
138.80
2.66
7.54
41.58
10.56
34.76
10.02
31.68
28.22

169.74
139.13
2.72
7.85
41.46
10.54
34.63
10.03
31.90
30.62

169.21
139.03
2,78
7.98
40.96
10.55
34.62
10.05
32.09
30.18

169.13
137.95
2.86
7.88
40.35
10.45
34.26
10.06
32.09
31.18

166.42
137.10
2.81
7.42
39.69
10.55
34.33
10.04
32.25
29.32

169.67
138.50
2.82
7.82
40.26
10.47
34.72
10.05

3L16

168.58
137.17
2.78
7.67
39.55
10,42
34.41
10.08
32.26
31.41

108.0
100.9
134.5
108.9
97.8
98.0
97.6
111.9
105.1
106.5
111.7
104.5
117.4
119.3

108.5
102.3
118.2
110.5
100.0
100.8
98.9
111.9
105.6
106.5
112.0
104.3
117.3
119.2

108.2
102.1
131.7
107.6
99.6
100.3
98.6
111.6
105.7
106.1
111.7
104.0
117.2
118.7

108.8
102.6
140.4
108.8
99.7
100.3
98.6
112.1
105,8
106.7
112.3
104.6
117.6
119.4

108.5
102.0
142.9
107.4
99.0
99.6
98.1
112.1
105.2
106.9
112.4
104.8
117.9
119.3

107.8
99.8
142.7
102.4
97.3
97.4
97.2
112.2
105.2
106.8
112.2
104.9
117.4
119.fi

107.7
99.7
143.9
106.1
96.4
96.4
96.5
112.1
104.2
106.2
111.8
104.4
117.6
1204

107.3
98.4
145.0
106.9
94.6
94.0
95.4
112.2
104.4
106.3
111.8
104.3
117.4
19,0fi

106.3
96.3
145.5
104.2
92.5
91.4
94.1
111.8
103.6
105.4
111.0
103.3
117.4

104.3
91.4
141.6
96.8
88.0
87.3
89.0
111.4
102.8
105,2
109.7
103.4
116.8

105.6
93.9
142.6
101.1
90.3
89.1
92.0
112.0
103.3
105.9
110.2
104.2
117.1

19.0«

1 90 .9

106.2
95.6
143.7
102.9
91.9
90.6
93.8
112.1
103.7
106.3
110.7
104.6
116.8
19OQ

'5,457 P5,416
1,130
52
'"52
P
'650
631
P
'985
982
P
'494
490
P
699
696
P
'601
601
P
124
126
r
P
544
543
P
178
177
'43,098 "43,099
'4,215 P4,192
18,069 P18,066
'4,306 P4,285
13,763 P13,781
'3,998 P P4,012
16,816 16,829

191 1

'13BA
100.9
'89.3
'87.8
91.5
111.9
102.8
105.5

103!9
117.0
H91 K

"35,0
34.8
"42.0
P
37.4
P

P

39.2
39.1
"2.4

P

'2.3
'39.5
'2.2
'38.4
'37.5
40.2
'38.5
'39.5
'39.7
'39.4
'41.0
'40.1
'38.7

P

39.6
"2.3
37.7
P
37.5
P
40.3
"39.1
P
39.4
P
39.6
"39.4
P
41.5
P
39.8
P
38.6
P

P

ri91 9

38.5
"2.4
39.6
P
37.6
P
37.8
P
34.8
D

"41.7
37.1
"40.9
P
44.5
P
40.0
P
35.7
P

P

39.0
31.9
38.7
P
29.8
P
36.1
P
32.6
P

P

P

105.0
P
92.1
"126.9
"101.2
"88.8
"87.3
P
90.9
P
112.0
P
101.6
"106.1
P
110.2
"104.6
"117.4
P191 A

S-12

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

July 1982
1982

1981

Annual

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

May

Apr.

June

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS t
Average hourly earnings per worker: H
Not seasonally adjusted;
Private nonagric payrolls
Mining ..
Construction
,.
,
Manufacturing
.
Excluding overtime
Durable goods
,
Excluding overtime
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products.
Primary metal industries......
Fabricated metal products
Machinery, except electrical
Electric and electronic equipment
Transportation equipment
Instruments and related products
Miscellaneous manufacturing

dollars
do.
do....
do.
do.
do....
do..,.
do....
do....
,- do....
do....
do.,,.
-.. do....
.... do....
do.,..
.... do....
do....

6.66
9.17
9.94
7.27
7.02
7,75
7.49
6.55
5.49
7.50
9.77
7.45
8.00
6.94
9.35
6.80
5.46

7.25
10.05
10.80
7.99
7.72
8.53
8.25
7.00
5.91
8,27
10.81
8.20
8.81
7.62
10.39
7.43
5.96

7.17
9.68
10.57
7.92
7.64
8.47
8.17
6.92
5.84
8.20
10.68
8.16
8.73
7.51
10.33
7.30
5.92

7.20
9.93
10.64
7.97
7.69
8.54
8.23
7.09
5.90
8.31
10.75
8.23
8.79
7.56
10.45
7.33
5.92

7.24
10.09
10.79
8.02
7.75
8.57
8.28
7.15
5.92
8.40
10.78
8.21
8.83
7.65
10.44
7.43
5.97

7.30
10.12
10.92
8.03
7.74
8.59
8.29
7.13
5.99
8.41
10.99
8.26
8.84
7.73
10.37
7.55
5.96

7.40
10.27
11.07
8.16
7.87
8.70
8.41
7.16
6.01
8.53
11.22
8.33
8.96
7.75
10.49
7.59
6.05

7.42
10.25
11.16
8.16
7.89
8.73
8.44
7.10
6.06
8.50
10.97
8.39
9.04
7.80
10.74
7.60
6.05

7.47
10.39
11.18
8.20
7.94
8.77
8.50
7.16
6.05
8.54
11.10
8.42
9.08
7.83
10,74
7.68
6.11

7.45
10.41
11.26
8.27
8.00
8.83
8.55
7.16
6.12
8.56
11.08
8.53
9.18
7.90
10.76
7.81
6.19

7.55
10.65
11.59
8.42
8.17
8.92
8.68
7.38
6.28
8.70
11.23
8.55
9.19
7.98
10.79
7.93
6.27

7.54
10.62
11.32
8.34
8.10
8.89
8.65
7.27
6.19
8.62
11.20
8.57
9.20
7.96
10.82
7.94
6.29

7.55
10.62
11.33
8.37
8.13
8.91
8.68
7.28
6.21
8.65
11.15
8.64
9.18
8.01
10.89
8.00
6.32

'7.63
'7.58
10.65
10.68
11.32
11.44
r
8.45
8.42
'8.19
, '8.22
r
'9.02
8.94
r
8.72
'8.78
r
r
7.24
7.40
'6.26
'6.21
8.72
'8.80
11.24 11.23
'8.79
8.69
r
9.24
'9.28
8.03
'8.06
11.09
10.89
'8.07
'8.19
'6.35
'6.38

Nondurable goods ..
do
Excluding overtime
do....
Food and kindred products
,
do....
Tobacco manufactures,, ,
do....
Textile mill products
,
.
do....
Apparel and other textile products .. do...,
Paper and allied products
,
do....
Printing and publishing
do ...
Chemicals and allied products...
do....
Petroleum and coal products
do....
Rubber and plastics products, nee .... do....
Leather and leather products
do....
Transportation and public utilities
do....
Wholesale and retail trade
do....
Wholesale trade
. .
do...
Retail trade
,
do....
Finance, insurance, and real estate
do....
Services
,
. . . . ... do,.

6.55
6.32
6.85
7.74
5.07
4.56
7.84
7.53
8.30
10.10
6.52
4.58
8.87
5.48
6.96
4.88
5.79
5.85

7.18
6.93
7.43
8.88
5.52
4.96
8.60
8.18
9.12
, 11.38
7.16
4.99
9.70
5.93
7.57
5.25
6.31
6.41

7.10
6.85
7.41
9.06
5.40
4.96
8.42
8.08
8.99
11.30
7.13
4.96
9.57
5.89
7.49
5.22
6.25
6.34

7.13
6.87
7.41
9.35
5.41
4.97
8.54
8.11
9.07
11.31
7.14
4.98
9.61
5.88
7.49
5.22
6.25
6.33

7.22
6.97
7.45
9.46
5.50
4.92
8.73
8.20
9.16
11.43
7.18
4.97
9.67
5.91
7.58
5.24
6.28
6,34

7.23
6.96
7.48
8.70
5.65
4.96
8.67
8.25
9.19
11.32
7.23
4.97
9.87
5.94
7.65
5.25
6.38
6.41

7.36
7.08
7.56
8.76
5.69
5.04
8.95
8.37
9.38
11.55
7.29
5.09
9.95
6.04
7.70
5.37
6,39
6.52

7.33
7.07
7.51
8.67
5.72
5.05
8.82
8.40
9.37
11.47
7.30
5.09
9.94
6.01
7.73
5.29
6.43
6.58

7.38
7.12
7.61
9.04
5.73
5.04
8.89
8.42
9.42
11.58
7.31
5.11
10.05
6.04
7.79
5.32
6.52
6.67

7.44
7.20
7.67
8.96
5.72
5.04
8.96
8.48
9.53
11.59
7.38
5.15
10.06
6.02
7.81
5.31
6.47
6.66

7.67
7.42
7.82
9.21
5.76
5.18
9.06
8.58
9.68
11.91
7.51
5.19
10.10
6.17
7.94
5.43
6.56
6.79

7.54
7.31
7.74
9,56
5.76
5.13
8.99
8.56
9.68
12.29
7.49
5.22
10.13
6.16
7.94
5.42
6.62
6.79

7.57
7.34
7.79
9.72
5.76
5.15
9.03
8.59
9.71
12.32
7.45
5.24
10.07
6.16
7.93
5.43
6.59
6.77

7.65
'7.43
7.90
10.05
5.79
5.18
r
9.11
r
8.59
r
9.81
12.50
r
7.52
r
5.32
10.14
6.18
r
7,97
5.44
r
6.64
6.81

7.64
'7.42
'7.90
'9.90
'5.79
5.15
'9.14
'8.60
'9.82
12.44
7.53
'5.28
10.18
'6.20
'8.03
'5.47
'6.76
6.84

"7.62
10.74
"11.42
"8.51
"8.26
"9.07
"8.82
"7.50
"6.30
"8.88
P
11.34
"8.82
"9.34
"8.09
"11.19
"8.18
'6.42
"7.70
"7,46
"7.89
10.47
"5.79
P
5.16
"9.23
"8.67
"9.95
"12.49
"7.63
"5.31
"10.21
"6.19
"7,99
"5.47
"6.68
"6.80

6.66
9.17
9.94
7.27
8.87
5.48
5.79
5.85

7.25
10.05
10.80
7.99
9.70
5.93
6.31
6.41

7.19
9.68
10.64
7.94
9.64
5.89
6.25
6.34

7.23
9.93
10.73
7.99
9.70
5.91
6.25
6.39

7.27
10.09
10.82
8.03
9.68
5.94
6.28
6.42

7.34
10.12
10.90
8.09
9.84
5.98
6.38
6.51

7.37
10.27
10.95
8.14
9.86
6.03
6.39
6.54

7.40
10.25
11.06
8.16
9.89
6.03
6.43
6.58

7.45
10.39
11.14
8.20
9.97
6.06
6.52
6.63

7.46
10.41
11.22
8.20
10.02
6.08
6.47
6.65

7.52
10.65
11.52
8.38
10.09
6.09
6.56
6.71

7.53
10.62
11.34
8.34
10.13
6.10
6.62
6.72

7.54
10.62
11.39
8.37
10.15
6.12
6.59
6.72

r
7.59
10.65
11.43
r
8.44
10.18
6.16
'6.64
6.80

'7.65
10.68
11.52
8.48
10.25
'6.20
'6.76
6.84

"7.66
"10.74
"11.52
"8.53
"10.31
"6.21
"6.68
"6.86

127.3
93.5
134.2
121.9
129.4
127.2
127,8
127.0
125.4

138.9
92.6
148,3
131.9
141.9
139.4
138.1
138.1
137.3

137.6
93.0
145.8
129.9
140.6
138.7
137.2
136.8
135.9

138.4
92.9
147.4
130.9
141.5
139.6
137.6
137.0
136.7

139.0
92.2
149.0
131.2
142.4
139.0
138.4
137.8
137.4

140.5
92.5
149.5
132.8
143.5
141.6
139.7
140.1
139.2

141.4
92.1
151.7
133.5
144.7
141.5
141.0
140.4
139.7

142.0
92.1
151.4
134.7
145.4
142.3
140.5
141.4
140.8

143.0
92.3
153.4
135.7
146.4
143.5
141.2
142.6
142.1

143.5
92.3
153.4
136.6
146.9
144.3
141.7
142.0
142.6

144.9
92.9
156.2
139.9
148.9
145.5
142.1
143.1
143.4

145.0
92.8
156.0
137.9
149.1
146.0
142.5
143.3
143.7

145.4
93.3
156.0
138.1
149.9
146.3
142.8
143.8
143.9

146.3
'93.7
156.5
138.7
150.8
146.9
143,7
144.9
145.1

147.6
'93.7
157.0
139.7
151.8
148.1
145.2
147,9
146.4

"147.9
"92.9
"158.2
"139.9
"152.5
"149.1
"145.2
"146.6
"146.5

11.73
18.42

12.92
16.78

12.56
16.30

12.77
16.48

13.03
16.85

13.09
16.98

13.27
17.31

13.62
17.66

13.69
17.74

13.69
17.72

13.78
17.89

13.83
17.99

13.83
18.00

13.85
18.07

14.15
18.39

14.15
18.40

3.66
3 59
3.82
3.67
9.92

10.64

10.62

10.54

10.56

10.66

10.65

10.61

10.79

11.00

11.25

11.39

IT 09

234.93
172.74

254.74
170.13

254.53
171.98

254.50
170.92

256.63
170.18

258.37
170.09

257.95
168.05

259.74
168.44

261.50
168.82

261.10
167.91

258.69
165.93

206.40
151.65

220.57
147.05

220.72
149.24

220.70
148.22

222.05
147.35

223.65
147.33

223.33
145.40

224.13
145.35

226.03
145.83

225.73
145.16

do
do...
do
dododo...
dodo...
do...
do ..

235.10
397.06
367,78
288.62
310.78
255.45
351.25
176.46
269.97
147.38
209.60
190.71

255.20
439.19
398.52
318.00
342.91
280.74
382.18
190.95
294.08
158.03
229.05
208.97

252.38
424.95
391.09
317.59
343.88
279.74
376.10
188.48
288.37
156.08
225.63
206.05

254.88
420.04
395.81
320.39
346.72
281.64
381.52
190.51
289.11
158.17
225.63
206.99

257.74
439.92
407.86
317.59
342.80
282.30
383.90
193.85
294.10
161.92
227.96
209.85

259.88
447.30
408.41
320.40
345.32
284.86
389.87
194.83
296.06
162.23
232.23
210.89

259.74
450.85
396.31
322.32
346.26
287.78
390.04
194.49
296.45
162.17
230.04
211.25

261.18
456.13
419.62
323.95
350.07
286.60
388.65
192.32
298.38
157.64
232.77
213.85

262.20
461.32
414.78
325.54
351.68
288.56
393.96
192.68
300.69
158.54
236.02
216.78

262.24
466.37
417.75
329.97
356.73
291.65
395.36
194.45
302.25
160.89
234.21
217.12

255.95
456.89
385.95
312.38
336.28
277.65
388.85
191.89
300.13
157.47
237.47
219.32

262.39
463.03
406.39
326.93
352.93
291.04
397.10
194.66
303.31
159.35
239.64
220.68

261.99
465.16
419.21
327.27
352.84
289.93
392.73
194.66
303.72
159.64
239.22
220.03

1967 — 100

129

119

118

121

123

119

112

110

111

109

106

103

96

Seasonally adjusted:
Private nonagricultural payrolls
dollarsMining
,
,
do....
Construction
... .
,
do....
Manufacturing
.
do
Transportation and public utilities
do..,.
Wholesale and retail trade
,
do....
Finance, insurance, and real estate
do....
Indexes of avg. hourly earnings, seas, adj.: H
Private nonfarm economy:
Current dollars
1977 — 100
1977 dollars $
. ..
do....
Construction
•• ..
,...,,,... do....
Manufacturing
.,.......,....,
do..,.
Transportation and public utilities
.. do...
Wholesale and retail trade
do....
Finance, insurance, and real estate. „
do.,..
Services
.
do..
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): §
Common labor
$ per hr..
Skilled labor
do
Farm (U.S.) wage rates, hired workers, by
method of pay:
mi worKers, mciuaing pi
«p p
Workers receiving cash wages only
do....
Workers paid per hour, cash wages only..., do,,..
Railroad wages (average, class I).
do....
Avg. weekly earnings per worker,
private nonfarm: fl
Current dollars seasonally adjusted
1977 dollars seasonally adjusted i
Spendable earnings (worker with^3 dependents):
1977 dollars, seasonally adjusted | ,
Current dollars, not seasonally adjusted:
Private nonfarm total
,. dollars
Construction
Manufacturing
Durable goods
Nondurable goods
Transportation and public utilities
Wholesale and retail trade
,
Wholesale trade
Retail trade
.„.,.,„,
Finance, insurance, and real estate
Services
,
,.
HELP- WANTED ADVERTISING
Seasonally adjusted index
See footnotes at end of tables.




P

263.55 263.15 r264.89 '266.99 "266.57
168.62 168.90 169.69 169.41 "167.44

O

C)

r

262.27
454.76
'415.44
r
325.85
r
350.45
r
291.47
'393.43
195.91
'304.45
161.02
'240.37
221.33
87

'265.52
'453.90
'429.00
329.55
'355.39
'293.38
'396.00
197.78
'308.35
163.01
r
245.39
'221.62

"266.70
"451.08
"427.11
"333.59
"359.17
"297.22
"398.19
"199.32
"309.21
"164.65
"241.15
"222.36

S-13

SURVEY OF CURRENT BUSINESS

July 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1982

1981

1981

Annual

May

June

July

Aug.

Sept.

Nov.

Oct.

Jan.

Dec.

Mar.

Feb.

Apr.

May

June

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WORK STOPPAGES 1f
Work stoppages involving 1,000 or more workers:
Number of stoppages:
Beginning in month or year
number
187
Workers involved in stoppages:
Beginning in month or year
.thous
795
Days idle during month or year
do
20 844
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
weekly # @
thous..
3,837
State programs (excl. extended duration prov.):
Initial claims
thous..
25,373
Insured unemployment avg weekly
do
3350
Percent of covered employment: @ @
Unadjusted
3.9
Seasonally adjusted
2,864
Beneficiaries, average weekly
thous...
Benefits paid @
,
.. .. . mil $ 14 590 3
Federal employees, insured unemployment,
average weekly
thous
30
Veterans' program (UCX):
Initial claims
do
267
Insured unemployment, avg. weekly
do....
56
Beneficiaries, average weekly...
do..,.
56
Benefits paid
mil. $..
294.9
Railroad program:
Applications
thous
162
Insured unemployment, avg. weekly
do....
34
Benefits paid
mil. $..
176.1

145

18

30

9

23

7

5

2

2

2

r

3

8

13

26
899

13
734

12
141

4
146

6
200

3
237

r

8
r
352

35
478

43
599

5

729
16 908

85
4 454

200
2618

80
1 576

36
1 018

3410

3,111

2,949

3,012

2,874

2,680

2753

3228

3,935

4,681

4,723

4,892

4,760

4,388

23,939
3048

1,417
2691

1,741
2596

2,114
2743

1,610
2656

1,680
2488

1,996
2592

2,286
3061

3,272
3778

3,328
4470

2,272
4376

2,418
r
4282

2,347
4067

1,995
3729

3.5

2,614
13 206 7

31
3.0
3.1
30
2.9
3.4
35
34
32
34
2,174
2,331
2280
3,486
2,256
10063 10128 10619 10049 10010

4.9
30
51
5.0
43
35
4.3
4.6
41
40
37
3.9
41
43
46
46
2392
3,172
3,801
3,908
3944
2,142
3,672
3,257
9972 10797 15925 17642 17818 20726 18483 15738

32

27

25

25

25

29

32

36

39

40

40

38

33

29

193
40
41
230.3

15
43
43
20.0

19
42
44
21.1

22
44
44
22.8

19
44
45
• 21.4

15
34
35
17.1

11
26
26
13.0

9
22
21
10.1

11
19
20
10.2

8
16
15
7.1

8
13
12
5.3

10
11
10
5.1

g
10
8
4.0

8
9
7
34

184
40
210.8

7
38
15.4

26
30
16.2

41
29
11.5

13
29
7.1

15
35
15.0

21
37
16.0

13
4
16.4

19
56
25.3

22
73
30.5

11
67
28.0

9
65,
33.9

52

43

FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
,
mil. $.
54,744
Commercial and financial co. paper, total ...... do... 121,597
Financial companies ...
do
87 667
Dealer placed
do .
19904
Directly placed
do
67763
33 930
Nonfinancial companies . . . .
,.
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
mil. $..
68,648
Farm mortgage loans:
Federal land banks
do....
38 138
Loans to cooperatives
do....
9,506
Other loans and discounts
do ...
21005
Federal Reserve banks, condition, end of period:
Assets total #
mil $
171 495
Reserve bank credit outstanding, total # .. do.... 137,644
Time loans
do
1809
U.S. Government securities
do.... 121,328
Gold certificate account ....
.. ,
.do
11 161
Liabilities, total #
do
171 495
Deposits, total
do
31546
Member-bank reserve balances
do....
27,456
Federal Reserve notes in circulation
do.... 124,241
All member banks of Federal Reserve System,
averages of daily figures:
140 097
Reserves held, total . .....
mil $
Required
do
*40 067
Excess
..
do
*30
Borrowings from Federal Reserve banks
do.... 11 1,617
Free reserves
do
-1 471
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits:
Demand, adjusted §
mil. $
119 485
Demand, total # . . ..
do
228086
Individuals, partnerships, and corp
do.... 158,283
State and local governments
do....
5,829
U.S. Government
do....
1,108
Domestic commercial banks
do.. .
41407
Time, total #
do
314 128
Individuals, partnerships, and corp.:
Savings
do. ..
72 670
Other time
do
205 862
Loans (adjusted), total §
do.... 433,313
Commercial and industrial
do.... 174,581
9,988
For purchasing or carrying securities
do....
26,073
To nonbank financial institutions
do....
Real estate loans
,
do .. 111,819
135 555
Other loans
do
118 098
Investments total
do
1
U.S. Government securities total ..
do
39611
35,239
Investment account *
do....
78.487
Other securities
do....
See footnotes at end of tables.




69,226 60551 63427 63721 64577 65048 66072 68749 69226 70088 70468 70619
161,114 140,056 145,994 151,264 153,651 161 717 164 124 166,317 161 114 r!67 271 167 460 166 373 172 540 176 775
111 908 97 823 101 649 106 431 107 258 111 420 113 308 1134H 111 908 112 112 110 656 109 657 113 786 117 756
30357 24782 25629 26*807 27 824 30440 30 716 30728 30 357 30666 r 30974 r 31 844 32 723 34 335
81 551 73 041 76020 79624 79434 80980 82592 82683 81 551 rgl 44g 79 682 77 813 rgl Qg3 83 420
49206 42233 44345 44*833 46 393 50 297 50816 52 906 49206 55 159 56 804 56 716 58754 59 019
78,188

74452

75207

76412

77072

77614

78283

78 103

78 188

78387

79035

79758

80695

46463
9,124
22 619

41913
9,361
23178

42693
8,807
23707

43450
8,897
24065

44064
8932
24075

44720
8,950
23944

45386
9?400
23497

45 961
9315
22827

46463
9124
22619

46899
9498
21 990

47324
9760
21 951

47966
9581
22211

48 425
9758
22512

176 778
143,906
1601
130 954
11 151
176778
30816
25'228
131,906

164 447
130,939
1366
118311
11 154
164 447
27213
24,304
123,251

171 311
132,227
1010
120 017
11 154
171 311
27423
23,626
124,783

167377
134,957
1027
123 172
11 154
167 377
29690
26,011
124,765

168 429 181 639
136,699 138,288
1 254 2486
124'522 124 330
11 154 11 152
168 429 181 639
30398 41 924
27,045 27,243
125,134 125,050

167 256
134,665
924
123 005
11 152
167 256
28 742
23,672
125,351

171 676
139,140
232
126 539
11 152
171 676
29053
24,312
129,086

176 778 179 941
143,906 141,871
1 601 2217
130 954 128 230
11 151 11 151
176 778 179941
30 816 39324
25,228 25,066
131,906 126,835

170 321
138,575
1 180
125 410
11 150
170 321
29630
24,964
126,869

139,700
2646
125 589
11 150
172 249
30073
26,357
128,855

Ml 918
Ml 606
1312
'642
1
277

40512
40260
252
2,154
-1 643

40711
40433
278
1,149
719

40951
40604
347
695
269

101 466 97 112 95 313
209 661 173 365 187 335
140,406 122,000 127,927
4,161
5,176
4,526
1,784
1,082
1,106
41213 27912 36984
337 288 341 127 349779

100 656 99 021
209 236 163 230
135,847 123,561
5,129
4,123
2,198
1,566
44 149 18025
349 069 350 216

106 737
186 099
137,774
4,985
1,114
22 158
356 985

108 595 99682 95 764
187 518 170 840 169 273
140,376 127,443 125,658
5,328
4,492
5,235
2,148
3,645
3,331
21 896 19273 19762
362 502 367 200 370 510

78235 76358
225 775 232 026
450,102 442,499
182,545 180,450
9,154
12,111
26,785 25,957
117 927 118 905
137 099 132 755
119 521 118 104
40599 40644
33810 33397
78.922 77.460

75364
240 184
460,044
187,874
10,204
26,273
121 596
145 053
117 457
37771
31632
79.686

76 758
245 714
468,089
191,818
10,672
26,385
123512
146 880
119 081
37510
30690
81.571

76 971
250511
470,988
195,499
10,756
26,729
124 444
146 367
116 905
36819
30872
80.08fi

108 595 97112
187 518 195 175
140,376 130,792
5,235
4,262
3,312
2,148
21896 36,735
362 502 334 602
76 971
250 511
470,988
195,499
10,756
26,729
124 444
146 367
116 905
36819
30,872
80.086

77,797
221 735
437,294
176,617
10,388
25,807
116 634
132 900
121 050
42128
34444
78.922

40443 41 Oil
40104 40667
344
339
2,038
1,751
1 408 1 159

41026
40731
295
1,408
-893

76 172
239 712
452,309
184,956
8,616
27,137
120 264
139 346
117 519
38843
31975
78.676

40593
40177
416
1,473
-835

74359
242 481
455,089
187,174
8,483
25,408
122 302
137 542
116 293
38310
31404
77.983

41 918
41 606
312
642
277

43 210
42785
425
1,526
1 026

79286
252 236
470,410
198,009
8,675
26,756
126 157
144 998
118 503
38090
30 785
80.413

172 249 182 959 173 574
148,335 141,249
1 799 1058
134257 129 407
11 149 11 149
182 959 173 574
38357 26834
24,702 23,463
130,189 132,619

552
41 280 39 230 rr39 558 139
40 981 38873 39r284 r39r192
274
299
360
357
1,713
1,581
1,611
1,105
r 5Qg
1 080 t i i4Q
1 282

173 810
140,244
1 638
127 005
11 149
173 810
25325
20,198
134,228
39 777
39 252
525
1,211
-447

101 234 94 010 95 278
172 931 157 940 179 476
131,868 120,484 133,774
5,133
4,521
4,640
1,133
1,148
2,958
19695 16 143 23 721
372 461 373 733 381 227

102299
178 515
133,268
5,710
2,345
20392
385 108

79314 80 434 78 902 80 795
253 750 255 514 257 53g 263 021
472,278 476,519 479,517 486,083
198,819 202,573 204,731 209,058
7,782
9,163
7,484
9,056
26,762 27,913 28,096 27,768
127
306
129
098
126 840
128 538
144 382 140 837 138 662 143 552
117 596 117 936 115 768 117 554
38 374 38 570 36 999 36 945
30747 30 345 29548 29 158
79.222 79.3fifi 7^769 80.609

79 642
269 351
490,863
212,428
8,700
27,666
129 689
144 398
115 122
36997
29 196
78 125

S-14

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

July 1982
1982

1981

June

May

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

FINANCE—Continued
BANKING—Continued
Commercial bank credit, seas, adj.:
Total loans and securities
fl
,
US Treasury securities
Other securities
Total loans and leases fl ...

bil. $..
do..
do
do ..

1,239.6
110.0
214.4
915.1

1,316.3
111.0
231.4
973.9

1,285.1 1,295.4
116.7
116.0
221.6
220.6
948.5
957.2

1,302.8 1,312.2
116.4
115.6
222.3
223.8
964.0
972.7

1,317.8 1,324.0
113.2
112.5
225.6
228.7
979.0
982.8

1,327.5 1,316.3 rl,320.0
110.3
114.1
111.0
231.2
231.4
231.5
973.9
974.5
986.1

1,332.4 1,342.5 1,352.6 1,361.9
115.1
114.4
116.6
116.3
232.0
234.0
234.9
233.1
985.2
995.0 1,002.0 1,010,7

1,368.7
115.8
235.8
1,017.1

Money and interest rates:
Discount rate (N.Y.F.R. Bank), end of year or
month
„.....,..,
percent-

12.00

12.10

13.87

14.00

14.00

14.00

14.00

14.00

13.00

12.10

12.00

12.00

12.00

14.20

13.95

14.29

14.59

14.83

15.11

15.28

15.26

14.87

12.00
14.63

12.00

2

14.45

14.11

14.14

13.93

H2.25
2
12.58

2
14.17
a

13.56
14.19

14.12
14.40

14.14
14.77

14.60
15.03

14.69
15.38

15.04
15.47

15.68
15.80

15.23
15.53

14.67
15.37

14.44
15.22

14.93
15.07

15.13
15.39

15.11
15.57

14.74
15.01

3

4
15.32
3
14.76
3

13.73

17.56
16.66
14.97

16.27
15.22
14.13

17.10 " 17.22
16.62
16.09
14.47 • 15.32

16.11
15.93
15.01

14.78
14.72
13.96

12.00
11.96
11.72

12.13
12.14
11.24

13.06
13.35
12.56

14.47
14.27
13.58

13.73
13.47
12.89

13.95
13.64
13.09

13.29
13.02
12.61

14.00
13.79
12.69

14.077

16.295

14.557

14.699

15.612

14.951

13.873

11.269

10.926

12.412

13.780

12.493

12.821

12.148

12.108

336,341
316,447

28,036
26,026

30,397
27,286

28,750
26,885

29,299
25,799

30,158
26,133

27,158
26,693

26,526
26,125

30,914
26,595

22,574
25,814

22,758
25,460

27,986
28,289

28,449
27,217

28,389
27,413

do

28,377

29,223

28,290

28,323

29,406

26,836

27,370

26,656

26,888

27,150

27,462

28,684

29,197

Finance companies

do..

Retailers

do

12,283
4,937
3,212
4,486

12,701
5,251
3,137
5,018

11,973
5,439
3,299
4,826

11,458
6,385
2,913
4,616

12,384
7,158
2,558
4,568

11,610
5,327
2,621
4,559

12,430
5,287
2,571
4,279

13,264
4,089
2,517
4,142

11,775
4,433
3,326
4,385

12,431
4,857
2,695
4,254

12,519
5,002
2,631
4,536

12,790
5,343
3,010
4,618

12,765
6,135
2,902
4,449

do....
do
do

7,384
11,876
620

7,515
12,658
509

8,059
11,706
445

8,396
11,663
520

9,000
12,263
532

8,073
11,379
479

27,192

26,739

25,895

26,431

26,770

26,445

7,283
11,730
364
27,075

7,183
12,143
411

26,806

7,352
11,592
508
26,689

7,474
11,070
434

do

7,490
11,753
475
25,834

26,472

7,871
12,416
544
27,509

8,429
12,528
478
27,798

do
do. ..
do
do

12,072
4,528
2,821
4,489

11,986
4,681
2,918
4,602

11,944
4,491
2,767
4,561

11,704
4,002
2,668
4,629

11,957
4,476
2,692
4,557

11,686
4,123
2,830
4,455

11,997
4,825
2,795
4,405

12,104
4,503
2,886
4,480

11,765
5,030
2,637
4,358

12,602
4,550
2,830
4,378

12,353
4,329
2,753
4,365

12,694
4,799
2,878
4,437

12,778
5,009
2,941
4,381

Federal intermediate credit bank loans

12.87
2

do.

Home mortgage rates (conventional 1st
mortgages):
New home purchase (U.S. avg.),.,
Existing home purchase (U.S. avg.)

percentdo....

Open market rates, New York City:
Bankers' acceptances, 90 days
,
do....
Commercial paper 6-month $
do
Finance co. paper placed directly, 6-mo @ do....
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent..

12.22

!4.62

12.78
H2.29
3
11.28

3

11.506

3

8

13.73

CONSUMER INSTALLMENT CREDIT
Total extended and liquidated:
Unadjusted:
Extended
Liquidated

„ .
.

...

• Seasonally adjusted:
Extended total #
By major holder:

By major credit type:
Automobile
,
Revolving
Mobile home
Liquidated total #
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers
By major credit type:
Automobile
Revolving
Mobile home

..

•• .«

..
...

,

mil. $.. 306,076
304,628
do..

do
do..
do....

Total outstanding, end of year or month #
do..,. 313,472
By major holder:
Commercial banks ..
... . *
. do.... 147,013
76,756
Finance companies
,
do....
44,041
Credit unions
.
...
• do
28,448
Retailers
do
By major credit type:
116,838
Automobile
.
.
do
58,352
Revolving
. ...,.,,.,....
,. do.,
17,322
Mobile home
do
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
Receipts (net)
mil $ '517,112
1
576,675
l
R d t
I " ' d f 't C }
do
-59,563
'59,563
do
"R
' f
Hi
uhl '
do
'70,515
5° , V.
•
hh 1
' d
'-10,952
Gross amount of debt outstanding
,
do.... '914,317
'715,105
Held by the public
do
Budget receipts by source and outlays by agency:
Receipts (net) total
mil $ '517,112
Individual income taxes (net)
do.... '244,069
Corporation income taxes (net)
do.... '64,600
Social insurance taxes and contributions
(net)
mil $ '157,803
'50,640
Other
do
'576,675
Outlays total #
do
'24,555
Defense Department, military
, do.... '132,840
Health and Human Services
'194,691
T
D
rf
f
do
'76,691
'4,850
NationarAeronautics and Space Adm
do....
Veterans Administration „
do.... '21,135
GOLD AND SILVER;
Gold:
Monetary stock, U.S. (end of period)
mil. $.. 11,160
Price at New York i^. ..
dol per troy oz. 612.509
Silver:
Price at New York ±±
dol. per trov oz.. 20.632
See footnotes at end of tables.




7,470
7,638
7,339
7,211
7,284
7,595
7,509
6,537
6,921
6,466
7,003
11,590 11,486 11,692 11,429 11,358 11,533 11,266 11,885 11,836 11,917 11,991
408
396
493
408
460
365
353
404
364
375
386
333,375 315,679 318,792 320,656 324,161 328,187 328,652 329,053 333,375 330,135 327,435 327,131 328,363 329,338
7,498
11,520
372

7,366
11,651
399

149,300 143,841 145,125 145,382 146,006 147,060 146,889 146,687 149,300 148,162 146,922 146,454 146,616 146,147
89,818 81,794 82,723 83,924 86,152 88,698 89,583 89,956 89,818 88,925 89,009 89,591 90,674 91,958
45,954 45,055 45,686 46,096 46,605 46,791 46,416 46,092 45,954 45,907 45,586 45,632 45,450 45,472
29,551 26,287 26,394 26,396 26,477 26,594 26,922 27,510 29,551 28,179 27,013 26,530 26,537 26,536
126,431 119,582 120,400 121,476 123,481 125,703 126,344 126,385 126,431 125,525 125,294 125,559 126,201 127,220
63,049 55,820 56,798 56,764 57,280 58,318 58,451 58,923 63,049 61,433 59,514 58,491 58.641 58,647
18,486 17,576 17,704 17,760 17,959 18,124 18,300 18,380 18,486 18,397 18,343 18,363 18^02 18,479

'599,272 38,514 70,688 48,142 47,976 60,594 45,467 44,317 57,407 55,269 43,042 45,291 75,777
'657,204 54,608 55,619 58,486 53,095 53,698 63,573 54,959 76,875 45,930 57,822 63,546 66,073
9,704
9,339 -14,780 -18,255
6,897 -18,105 -10,642 -19,468
'-57,932 -16,094 15,070 -10,343 -5,119
-6,897 518,749 12,522 20,516 -8,109 14,993 18,773 -8,711
5,119
'57,932 16,094 -15,070 10,343
2,527
8,577 10,374 10,972 14,274
9,783 10,693 12,305
6,501
3,383
539
572
'79,329
4,300
6,468 -11,238
1,550
6,242 -17,892
8,375
6,960 -1,382 -15,474
'-21,397 15,555 -15,642
'1,003,941 974,758 977,350 979,388 986,312 1,003,941 1,011,111 1,019,324 1,034,716 1,043,817 1,053,325 1,066,393 1,070,734
'794,434 775,402 775,973 779,356 785,857 794,434 804,808 815,780 830,055 839,837 850,504 862,809 865,336
'599,272
'285,917
'61,137

38,514
10,496
1,011

70,688
33,729
15,792

48,142
24,439
1,715

47,976
21,615
1,607

60,594
30,882
8,659

45,467
22,555
1,265

44,317
21,775
745

57,407
25,770
10,220

55,269
32,646
2,473

43,042
21,007
1,293

45,291
13,391
6,910

75,777
41,672
7,342

'182,720
'69,499

20,694
6,312

14,657
6,510

15,206
6,783

18,190
6,565

14,516
6,537

15,369
6,278

15,795
6,002

14,641
6,777

14,575
5,574

15,109
5,633

18,752
6,238

21,593
5,170

'657,204
'26,030
'156,035

54,608
1,456
13,500

55,619
2,117
13,464

58,486
1,123
14,392

53,095
2,750
13,239

53,698
604
13,624

63,573
3,146
14,351

54,959
3,072
13,889

76,875
4,793
15,880

45,930
4,573
13,783

57,822
2,984
14,239

63,546
4,394
16,042

66,073
2,484
16,013

'230,304
'92,633
'5,421
'22,904

18,897
7,415
461
1,668

19,074
12,100
509
1,784

21,141
7,522
417
2,992

19,342
7,793
401
786

20,905
6,537
348
2,008

21,249
8,268
658
3,010

19,770
8,204
517
851

33,866
13,277
551
3,214

7,319
7,935
443
760

20,679
8,164
493
1,908

21,628
7,598
524
2,269

21,898
9,641
464
3,236

11,151 11,154 11,154 11,154 11,154 11,152 11,152 11,152 11,151 11,151 11,150 11,150 11,149 11,149
459.614 479.788 460.761 408.839 410.960 444.095 437.195 413.671 408.743 384.125 374.071 330.248 350.488 334.403 314.982
10.518

10.848

10.001

8.631

8.925

10.035

9.251

8.547

8.432

8.030

8.268

7,213

7.311

6.674

5.578

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

S-15

SURVEY OF CURRENT BUSINESS

July 1982
1980

1981

Annual

1982

1981
June

May

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

FINANCE—Continued
MONETARY STATISTICS
Currency in circulation (end of period)
bil. $.
137.2
Money stock measures and components (averages
of daily figures): t
Measures (not seasonally adjusted): $
Ml
bil $. r 4014
M2
,
do... l,591.7
M3
. .
do
18730
L (M3 plus other liquid assets)
do...
2,267 6
Components (not seasonally adjusted):
Currency
do
111 7
Demand deposits
,
do...
263.9
Other checkable deposits ££
do...
21.8
Overnight RP's and Eurodollars *
do...
30.0
r
Money market mutual funds ...
do
553
Savings deposits
do...
4040
Small time deposits @
do.
7064
Large time deposits @
do
2363
Measures (seasonally adjusted): $
Ml
do.
M2
do...
M3
do
L (M3 plus other liquid assets).....
do...
Components (seasonally adjusted):
Currency .,
do
Demand deposits
'.
do...
Savings deposits
do...
Small time deposits @
do...
Large time deposits @
do...
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade Comm.):
Net profit after taxes, all industries
mil. $..
92,579
Food and kindred products
do.,..
8,222
Textile mill products....
do....
977
Paper and allied products
do....
2,789
Chemicals and allied products
do....
11,578
Petroleum and coal products
do....
25,133
Stone, clay, and glass products
do....
1,833
Primary nonferrous metal
do....
2,768
Primary iron and steel
,
do....
2,334
Fabricated metal products (except ordnance,
3,967
machinery, and transport, equip.)
mil. $..
Machinery (except electrical)
do...,
11,459
Elec. machinery, equip., and supplies .. .. do
7114
Transportation equipment (except motor
vehicles, etc.)
mil. $..
3,084
Motor vehicles and equipment
do....
-3,424
All other manufacturing industries
do....
14,745
Dividends paid (cash), all industries
do....
36,495
SECURITIES ISSUED
Securities and Exchange Commission:
81,111
Estimated gross proceeds, total
mil. $..
By type of security:
Bonds and notes, corporate
,
do....
56,265
Common stock
do....
18,996
Preferred stock
do....
3,635
By type of issuer:
Corporate, total #
mil. $..
78889
Manufacturing
do....
24,398
Extractive (mining)
do....
4,818
Public utility
do....
15,940
Transportation
do....
3,745
Communication
do..
7385
Financial and real estate
do....
15,638
State and municipal issues (Bond Buyer):
47 133
Long-term
do
Short-term
,
do.
26485
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers, end of year
or month
mil. $..
14,721
Free credit balances at brokers:
Margin accounts
do....
2105
Cash accounts
do
6070
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composite §
dol per $100 bond
41 4
Domestic municipal (15 bonds)
do....
57.4
Sales:
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $.. 5,190.30
See footnotes at end of tables.




145.6

136.5

138.1

138.3

138.5

138.5

1388

145.6

142 7

140.5

1405

1426

1465

1440

4372
4296
4500
4232
4276
4321
4315
4397 "4512
4534
4400
4555 '4451
4304
4345
17240 1 739.2 17561 17669 17757 17933 18096 18294 1 849 2 1 842.9 18619 '1 888 0 1 888 9 19054
2 089 9 r 2 055 7 20765 20984 r 2 1154 2 1324 r 2 1526 2 175 6 2 1999 2217 2 22160 2 237 4 '2 266 1 '2 268 7 2 2887
'25193 2 476 3 '2 501 8 '2 522 0 2 544 2 '2 568 3 2 598 5 '2 628 5 '2 653 8 '2 680 4 26950

r
l,747 1
r

1198
239.9
65.6
38.7
110 3
3616
8129
2864

1192
2359
64.1
40.9
98 8
3699
7969
2773

1197
2370
66.4
42.9
1029
3650
8064
2817

121 3
2376
68.6
42.3
1128
3652
8095
2866

121 3
2347
69.7
43.1
1222
3550
8220
2948

1208
2346
71.7
39.6
1306
3479
832 1
299 1

121 2
2366
72.4
36.2
1373
3439
8476
2998

1254
2433
78.4
38.1
151 2
3430
851 7
3054

1229
2375
75.2
36.9
1449
3422
851 9
301 8

1233
2436
82.5
43.2
1549
3468
8575
307 6

1230
2285
81.4
42.9
1560
344 5
8685
3142

1238
2282
83.7
43.0
1592
346 1
8796
317 4

1257
236 1
89.5
40.4
1619
348 1
'8882
'317 9

1272
r
2283
'85.4
'42.8
1643
3474
'8953
'320 1

1283
2301
87.0
42.8
1686
347 8
902 1
323 9

4292
4294
4284
431 1
431 2
4329
4364 14409
4486
4473
4483 '4524 '451 5
450 9
1 732.4 17409 17537 17724 17783 1 7895 18099 18227 18413 1 8480 18652 1 8807 '1 897 5 1 9069
20652
2082
1
2
1025
2
1260
2
138
1
2
151
1
2
1747
2
188
1
22150
22043
22358
'2
258
1
'2
278
7
2
294 7
r
2 483 1 r2 506 6 '2 530 4 *2 559 7 r2 577 2 '2 600 0 '2 629 3 '2 642 8 '2 666 1 26872

1194
2404
373.5
7958
2783

r

!01,302
r
9,109
1,157
r
3,110
12,973
r
23,733
1,627
'2,124
r
3,507

1197
2377
3668
8055
2856

1205
2367
3610
8140
2931

1207
2366
3509
8308
2998

121 1
2347
3431
8397
3023

'28,873
r
2,264
408
r
879
r
3,365
'6,771
'567
'630
'1 160

'25,201
'2293
308
'633
'3 098
'6103
'555
'290
1 421

4,235
12,580
r
7872

1,320
'3,259
'2 166

'1,133
'3,084
'1 797

'3 722
-209
15,762
r
40,317

1001
936
'4,147
10,080

'903
-622
'4,205
'9,703

r

121 3
2357
3396
8498
3022

123 1
2364
3436
8547
3003

121 8
235 7
3409
8568
3006

1238
2393
3488
8523
3026

1246
'234 5
3486
859 4
3080

r

22 856
'2446
198
829
'2985
'5464
'267
'369
'5

125 1
2330
3507
870 0
'3126

1263
2330
350 5
'881 7
'317 1

'1274
2326
'3509
'894 1
'321 4

128 4
2307
3498
9008
3284

18998
2 120
78
418
2900
4935
167
82
25

'760
'3,492
'1 745

786
2657
1 781

r

707
139
'3 728
10 763

645
I
2737
10160

75,874

5,954

10,979

4,259

3,310

4,972

5,363

9,729

5,969

3,283

5,838

6,601

4371

45,606
25,042
1861

3,251
2,440
164

5,704
4,754
188

2,046
1589
67

1,578
1467
14

2,544
2037
186

3,839
1382
141

7,112
2039
59

3,948
1870
145

1,607
1 477
'l99

4074
1 430
185

4653
1 750
198

2339
1 885
147

72,509
17,397
9,122
14,492
2,776
6160
17,197

5855
2,204
753
1,410
166
65
899

10646
1,894
1,997
1690
692
1506
2,267

3702
822
328
630
74
840
807

3059
4 767
468
572
625
905
608
1746
186
150
765
202
545 . 541

5 362
238
703
1331
74
91
2,563

9210
2462
797
1 246
120
411
3,254

5963
1212
723
1 176
105
201
1,894

3283
727
724
962
68
66
506

5689
479
479
1 088
76
366
2,994

6 601
1 142
919
2219
255
87
1,523

4 371
547
653
1 617
31
g
1,258

46 134
34443

3 358
4763

4921
3*756

3 255
2267

3 088
2084

3 539
4 412

3 625
3543

5 035
2902

5 072
3 138

3 780
2*525

'3 459
2*708

K KOQ

*fi KK1

2 950

3 115

14,411

14,951

15 136

15 154

14585

14023

13 926

14 124

14411

13441

13023

12095

12202

11 990

3515
7150

2345
6150

2350
6650

2670
6470

2645
6640

2940
6555

2990
6 100

3 290
6 865

3 515
7 150

3 455
6 575

3 755
6 595

3 895
6 510

'4 145
6 270

4 175
6 357

337
43.2

329
45.0

35 1
45.8

330
43.7

31 8
39.4

29 9
36.8

30 0
37.4

33 7
41.0

33 2
37.1

30 9
35.8

31 1
37.0

32 9
37.3

qo q

a A f\

09 1

38.2

39.9

38.3

5,733.07

418.49

457.82

444.69

475.07

577.36

567.54

611.97

673.76

410.47

512.80

509.13

510.05

499.02

388.34

rK OCQ

C OQ-I

r

A. (\\ 9

5 919

S-16

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

July 1982

1981
May

June

July

Aug.

1982

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

FINANCE—Continued
Bonds— Continued
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
Aa
A
Baa
By group:
Industrials
Public utilities
.
Railroads
Domestic municipal:
Bond Buyer (20 bonds)
..
Standard & Poor's Corp. (15 bonds)
U.S. Treasury bonds, taxable $
Stocks
Prices:
Dow-Jones averages (65 stocks) .
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)

percent

1275

1506

1515

1476

1518

1560

1618

1620

1535

1538

1605

16 13

1568

1553

1534

15 77

do
... do .
do
do .

1194
12.50
1289
13.67

14 17
1475
1529
16.04

1432
1488
1543
15^95

1375
1441
1508
15.80

1438
14 79
1536
16.17

1489
1542
1576
16.34

1549
1595
1636
16.92

1540
1582
16 47
17.11

1422
1497
1582
16.39

1423
1500
15 75
16.55

15 18
1575
16 19
17.10

15 27
1572
16 35
17.18

1458
15.21
16 12
16.82

1446
1490
1595
16.78

14 26
1477
15 70
16.64

14 81
1526
1607
16.92

do....
do
do....

12.35
13.15
11.48

14.50
1562
13.22

1445
1584
12.90

14.25
1527
13.09

14.48
1587
13.22

14.87
1633
13.50

15.47
1689
1371

15.64
1676
13.88

15.19
1550
13.92

15.00
1577
13.84

15.37
1673
14.10

15.53
1672
14.08

15.29
16.07
14.00

15.22
15.82
14.03

15.08
15.60
13.93

15.35
1618
13.99

do
do..,.
do....

873
8.51
10.81

1156
11.23
12.87

1064
10.73
12.96

1085
10.56
12.39

1144
11.03
13.05

13 10
12.13
13.61

1293
12.86
14.14

1299
12.67
14.13

12 18
11.71
12.68

13.30
12.77
12.88

13.15
13.16
13.73

12.70
12.81
13.63

13.13
12.72
12.98

11.97
12.45
12.84

...

32823
891 41
110.43
307.23

36461
93292
10858
398.56

380.45
97952
10684
423.24

384.92
99627
10879
422.72

368.97
94794
10759
404.26

364.22
92625
111.49
396.27

33333
85338
105 18
353.12

337.10
85324
103 77
368.56

346.44
86044
110.42
383.56

351.31
87828
110.73
387.11

333.99
85341
105.68
353.99

327.54
83315
105,98
345.93

318.94
812.33
107.47
328.85

118.78
134.52
13137
86.88
50.54
18.52
75.57

128.04
144.24
13903
100.67

131.73
149.06
14678
104.67

132.28
148.70
14484
108.55

129.13
145.30
14010
101.63

129.63
145.95
141 13
110.04

118.27
132.67
12660
93.67

122.92
136.76
125.80
98.38

123.79
138.35
128.23
98.37

50.37
24.48
94.77

51.01
20.03
78.81

14.46
53.42
117.24
140.67

13.73
50.82
111.69
132.95

14.40
53.75
113.93
141.22

54.52
21.92
89.68
15.23
56.28
119.20
152.40

53.53
22.21
90.84

14.55
52.57
118.09
142.21

52.28
23.55
92.55
14.67
53.94
120.62
146.16

54.06
22.99
91.12

12.50
44.00
102.90
127.06

52.15
24.12
90.91
15.80
58.23
127.68
155.50

117.28
131.08
121.78
95.43
51.81
20.05
80.86

114.50
127.56
120.53
97.32

51.87
23.26
93.09
14.44
52.45
117.82
141.29

119.80
133.98
12398
96.89
51.41
21.01
83.83

14.76
54.01
112.58
149.00

68.10
78.70
6061
37.35
6425

7402
85.44
7261
38.91
7352

76.28
88.78
7678
38.27
7465

76.80
88.63
76.71
39.23
7979

74.98
86.64
74.42
38.90
7497

75.24
86.72
73.27
40.22
7376

68.37
78.07
63.67
38.17
69.38

69.40
78.93
65.65
38.87
7256

71.49
80.86
67.68
40.73
76.47

526
4.94
9.77
404
575
10.60

520
4.90
10.18
340
541
12.36

4.98
4.67
10.33
317
5.38
1230

5.03
4.76
10.03
322
4.95
12.23

5.18
4.88
10.07
3.34
5.35
12.43

5.16
4.86
9.78
3.46
5.43
12.63

5.69
5.38
10.49
399
5.74
13.01

5,65
5.35
10.46
3.80
5.47
13.09

mil $
millions

475 850
15486

490 688
15910

41 252
1278

46694
1520

42649
1310

37728
1,224

33 534
1220

mil $
millions

397 670
12 390

415 913
12843

34253 39713
1 019 1232

36,340
1064

31769
973

sales
millions-

11,352

11,854

1,101

954

921

Standard & Poor's Corporation: §
Combined index (500 Stocks)
Industrial, total (400 Stocks) #
Capital goods (111 Stocks)
Consumer goods (189 Stocks)

1941-43=10.,
do....
do
do....

Utilities (40 Stocks)
Transportation (20 Stocks)
Railroads (10 Stocks)

.... do....
1970=10..
1941-43—10.,

Financial (40 Stocks)
,.... . ,. 1970—10..
NewYorkCity banks(6 Stocks) 1941-43=10.,
Banks outside N.Y.C. (10 Stocks)
do....
Property-Casualty Insurance (6 Stocks) do....
New York Stock Exchange common stock indexes:
Composite . .
. 12/31/65—50..
Industrial
-.
do....
Transportation
do
Utility
... ,.
do....
Finance
. do...
Yields (Standard & Poor's Corp.):
Composite (500 stocks)
Industrials (400 stocks)
Utilities (40 stocks)
Transportation (20 stocks)
Financial (40 stocks)
.
Preferred stocks 10 high-grade

.

Sales:
Total on all registered exchanges (SEC):
Market value
Shares sold
On New York Stock Exchange:
Market value
Shares sold (cleared or settled)
New York Stock Exchange:
Exclusive of odd-lot and stopped stock
(sales effected)

percent.
do....
,. do....
do
... do...
do. ..

Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares.
,
bil. $., 1,242.80
33,709
Number of shares listed
millions..

906

C

12.13
11.99

12.58
12.42

12.67

13.32

332.69
844.96
112.17
344.68

333.11
846.72
114.49
340.90

313.66
804.37
108.41
314.58

110.84
122.85
112.43
97.00

116.31
129.19
117.32
102.91

116.35
129.68
115.84
103.81

109.70
122.61
105.97
100.92

51.39
18.95
75.99

52.33
17.68
67.73

54.88
18.50
71.16

52.13
17.21
65.49

13.95
51.33
102.51
141.08

14.19
53.85
100.48
146.08

14.15
53.77
96.11
147.01

54.25
18.71
71.20
14.59
55.93
97.40
149.14

13.81
52.27
93.29
142.45

12.45
48.10
86.01
126.05

71.81
81.70
68.27
40.22
7474

67.91
76.85
62.04
39.30
70.99

66.16
74.78
59.09
38.32
70.50

63.86
71.51
55.19
38.57
69.08

66.97
75.59
57.91
39.20
71.44

67.07
75.97
56.84
39.40
69.16

63.10
71.59
53.07
37.34
63.19

5.54
5.28
9.92
3.67
5.19
12.76

5.57
5.28
10.22
3.76
5.48
12.83

5.95
5.64
10.74
4.20
5.89
13.19

6.06
5.75
10.77
4.38
5.79
13.20

6.28
5.99
10.61
4.72
5.92
12.97

5.99
5.70
10.27
4.47
5.73
12.90

5.97
5.65
10.27
4.47
6.07

39673
1380

37495
1,303

38692
1,365

33445
1,222

35953
1,313

44157
1,713

39,900
1,533

28,378
974

33,826
1 129

32,029
1062

32,701
1092

28,301
987

30,268
1071

38,232
1411

33,714
1242

959

996

988

959

968

972

1,270

1,136

12.58

12.96

1,027

1,111

1,143.79 1,238.19 1,224.74 1,224.89 1,149.19 1,080.56 1,134.19 1,181.82 1,143.79 1,115.82 1,053.75 1,036.85 1,081.87 1,039.18 1,017.45
38,298 35,545 36,859 37,404 37,567 37,709 37,874 38,144 38,298 38,408 38,572 38,588 38,738 38,594 38,894

FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Excl. Dept. of Defense shipments
Seasonally adjusted
By geographic regions:
Africa
Asia
......
Europe
Northern North America
South America
By leading countries:
Africa:
Egypt
..
Republic of South Africa
Asia; Australia and Oceania:
Japan
See footnotes at end of tables.




220 704 9 1233 739 o 19 988 7 20 261 5 18 569 0 17 766 4 18 819 2 19 896 8 19 047 7 19 139 9 17 515 3 17 637 3 20 160 9 18 610,6 19 000 7
do.... 220,548.7 1233,677.0 19,986.1 20,254.7 18,565.2 17,764.2 18,816.1 19,893.5 19,040.0 19,130.0 17,507.9 17,635.5 20,151.7 18,605.2 18,992.4
18 899.0 19 749.8 19 289.4 19030.8 19,550.7 19,163.2 19,152.9 18,885.4 18,736.7 18,703.6 18,602.0 17,842.8 18,218.0
do

90604 HI 097 4
do
do.... 60,168.3 163,848.7
4 875 7 1 15 435 8
71 371 4 69'714*7
do
35 399 0 139 565 8
do
21 337 7 124 368 7
do.... 17,376.8 1 17,732.1
... do...
do

*2 159.4
^911 7

1933
2653

285,0
250.0

15 297 5
21,823.0

424 2
1,595.2

488 6
1,786.8

1 873.6
24635

4 130 7
do.... 20,790.0

936.3
9286 1 088.4
5,104.0 5,293.4 5,280.6
6927
5150
5557
57954 53380 52141
3691 1 3 927 8 29773
2271 1 2 3126 20823
1,522.6 1,500.9 1,469.6

1

184.2
267.9

850.6
795.5
925.4
974.7
875.4
944.4
4,837.5 5,010.8 5,582.6 5,286.4 5,628.8 5,172.3
582.4
4614
545.2
5892
5591
5441
5,019.3 5,709.9 6,040.2 5,720.0 5,912.5 5 545.1
3 1030 3 302.7 3,145 8 3213.8 2,841.7 2 463.8
18342 18891 20706 20024 1 888 3 17034
1,338.2 1,364.8 1,423.0 1,408.5 1,305.6 1,318.6
193.8
2334

430 1
4777
1,900.0 1,594.2

132.7
230.2

177.6
2669

4908
4649
1,678.1 1,859.0

972.4
5,194.8
442.6
5,605.7

967.1
5,752.2
597.9
6,328.8

1,001.7
5,215.9
4716
5,753.1

2 593.5 3,346.8 3,066.1
1665 1 1 791.3 17586
1,163.0 1,376.6 1,258.2

142.8
215.9

172.6
230.9

275.2
2246

231.1
206.7

383.1
237.4

4641
4866
1,940.1 2,064.6

3912
1,785.8

3705
1,705.6

4906
1,862.2

4024
1,574.8

140.7
222.0

S-17

SURVEY OF CURRENT BUSINESS

July 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

1982

1981
May

June

July

Aug.

Sept.

Oct.

Nov.

Jan.

Dee,

Feb.

Mar.

Apr.

May

FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS— Continued
Exports (mdse.), incl. reexports—Continued
Europe:
France
mil $
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...,
,
doNorth and South America:
Canada
.
do
Latin American republics, total #
do...
Brazil
, ,
,. ... ... do .
Mexico
.
do
Venezuela
>
do...
Exports of U.S. merchandise, total §
Excluding military grant-aid
Agricultural products, total
Nonagricultural products, total
By commodity groups and principal
commodities:
Food and live animals # .... .. .. .

do...
do...
do...
do...
mil $.

Crude materials, inedible, exc. fuels #
Mineral fuels, lubricants, etc. #
Oils and fats, animal and vegetable
Chemicals . ..
..
.,

do...
mil. $.
do...
do

By geographic regions:
Africa
Asia.,
'.
Australia and Oceania
Europe
,

,

Northern North America.,,,.....
Southern North America
South America
By leading countries:
Africa:
Egypt
Republic of South Africa

,

17 340 5

652 1

5508

5128

518 5

6132

5552

5739

5627

5234

5635

7288

478 6

*295 7

252

52

146

90

90

249

17 7

164

499

266

43 7

93

10 276 7
9400
8085
7379
1
4249
4737
5 360.0
3520
43.1
80.3
127.2
*2,431.3
1
12 439 2 1 1112 10884 1 1465

763 7
4447
101.3
8854

887 7
4196
257.4
9521

9002

8464
459.0
239.9
9083

7989

8225
4136
398.0
9121

7896
397.5
450.5
8175

9696

8047

3790
421.3
9910

3952
325.1
992.7

10 959 8
5,511.1
1,512.8
12,693.6
35 395 3
36,030.4
43435
151446
4,572.8
216,592.2
216,436.0
41 255,9
175,336.3

1

139 564 3 36910
1
38,950.1 3,533.2
*3 798 2
3321
X
17 788 7 16734
*5 444 9
482.4
*228
960.8 19 618 1
1
228,898.7 19,615.5
J
43
338.5
35668
1
185,622.6 16,051.3




5480
358.3
9406

39277 29770 3 1030 3 3025 3 145 7 32136 2841 7
3,272.0 2,933.6 29777 3 241.7 3,089.2 2,933.4
2565
2873
2698
2577
2520
3023
15130 1 3144 13754 15422 1 4026 13808
508.7
3999
4531
4393
5088
4672
18 198 6 17 455 8 18 376 5 19 466 4 18 646 0 18 631 1
18 194.9 17,453,6 18 373 4 19 463 1 18 638.3 18,621 1
28418 29264 32032 39256 37754 3 596 5
15 356 8 14,529 4 15 173 3 15 540.9 14 870.6 15 034 6

2412 1
2375
1,865.0
637.7
151.8
1 8592
18933

84 552.9 1*95 717 2
55,789.7 62,945 5
28,838.8 1132,790.9
14,589.6 16,214.0

84598 88402 75972 7 471 5 7 8454
53714 5 614.7 52990 48799 51972
3,089.1 3,226.4 2,298.9 25921 26490
1,603.8 1,573.4 1,297.3 1,196.4 1,306.8

23307 2342 3
2177
1944
1,594.4 1,244.5
613.8
918.6
164.5
129.4
1 8194 1 8260
1*802*2 I'eeo'i

2 757 4
3062
1 1878
3644
17 129 0
17 121 6
32547
13 874 3

2 5170
259 8
1,376.6
9584
124.3
16849
16607

8001 8
54575
25450
1,325.5

75294 7931 2
51677 50122
23676 29210
1,267.3 1,124 8

7 126 7
48498
22814
1,023 7

do 240 834 3 *261 304 9 21 454 2 22 522 2 20 349 6 22 617 5 20 748 7 23 555 1 22 555 0 19 663 4
do .
21 309 9 21 974 7 19 806 7 23 528 3 21 228 6 23 234 4 22 521 5 19 516 3

2
22 606 0
2

do.... 32,250.9 127,070.6
,... . do
78,848 0 *92 032 6
do.... 3,391.9 X 13,352 7
..,.„.... . do
47,849.7 53 409 7
do . . 41 470.9 *46 432 0
do.... 22,656.9 '23,477.4
do.... 14 361 6 1 15 526 4
do .
do.. .

458.4
3,320.5

*3973
2 445 3

1

2,204.6
73557
259.3
4 410.8
4 1423
1,994.4
10868

2,973.6
74387
305.6
4 516.2
40515
2,114.8
1 1216

17230
72658
2397
45651
36778
1 713 8
1 1644

19509
84506
256 1
4938 1
36409
2,074 0
13066

310
2249

549
171 3

57
2155

155
1854

195.3
223.3
161.7
30305 31476 31407

23153
2368
1,811.4
11062
158.4

51 4
1809

33
3524

6 9794 8 357 6
47190 5523 1
22610 2'8351
1,123.9 1,4893

2272 1 2 161 4
2625
2242
1,789.3 1,839.6
1 1902 1 143 5
124.3
102.2
1 6882 1 722 4
1 4396 1 5356

7 547 7 7 782 5
49677
25803
13956

18 264 6 20 823 4 17 882 1 20 804 5
22 828 8 19 090 4 20 348 7 17 386 8 20 558 1

17851 16696 17972 1 367 3 22 358 5
76290 9 1027 86360 6961 4 38 466 5
3420
3085
241 1
2805 22005
40556 46542 4570 7 4410 3 24 758 5
37077 42598 4 132 2 36060 23 508 5
1 899.6 2 1557 18747 18263 2218606
1 329 7 1 4042 13027 1 211 3 1 452 5
286
1512

2,537 2 2,926.9 2,699.6
2604
2898
2749
1 1239 1 307 2 1 173 1
3809
5017
4150
17 274 6 196854 18 208 3
172728 19 676.2 18 202 8
34999 37025 3 481 8
13 774 7 15,982 9 14 726 5

20649 2 1885 24296
2089
2500
3002
1,724.7 1,782.6 1,837.3
1 048.5 10509 12463
102.8
167.3
132.4
1 7154 1 5942 1 662 1 1 858 4
1 446 3 1 4569 1 388 7 1 6338

2 335 3
3751
1,930.7
1,097 7
121.5
1 665 5
16236

2 241 2
1873
1,301.0
919.0
168.1
1 644 1
15591

5929

24635 2 5935 33462 3065 8

3,561.7
347 1
17358
4385
19,851 9
19,845.1
3 191.2
16,660.7

27 743 7 1302908
26630 J 29147
23,790.7 '20,992.4
7,982.3 40,279.0
1,946.3 1 1,750.3
20 740 2 121 187 1
22,254.6 *20 632 5

Asia; Australia and Oceania:
Australia, including New Guinea
mil. $., 2,562.3 X 12,514.8
Japan
. do . 30 701 3 37 612 1
Europe:
France...
,
.,.,
do.... 5,247.0 '5,851.4
German Democratic Republic (formerly
E. Germany) ;
mil. $..
43.9
H7.7
Federal Republic of Germany (formerly
W. Germany)
mil. $., 11,681.2 1 111,379.0
Italy
do4,313 1 51 189 0
Union of Soviet Socialist Republics
do....
453.2
347.5
United Kingdom
....,..,..
do,,.. 9,755.1 1 12,834.6
North and South America:
Canada ....
do
41 455.4 H6 413 8
Latin American republics, total #...,.,.
do,... 29,851.2 132,023.3
Brazil
do.... 3 714.6 *4 474 5
Mexico
., do.... 12,519.5 1 13,765.1
Venezuela
do.... 5,297.1 15 566.0
By commodity groups and principal
commodities:
Agricultural products, total..
,
mil. $.. 17,425.0 1 17,003.4
Nonagricultural products, total
,.... do.... 223,409.2 1244,301.4
Food and live animals #
,
„..„.... do.... 15,762.7 1 X15,237.6
Beverages and tobacco
do.... 2,771.5
3,138.3
Crude materials, inedible, exc. fuels # ...... do.... 10,495.9 '11,193.4
Mineral fuels, lubricants, etc
,
do..,. 79,057.7 '81,416.9
Petroleum and products
do.... 73,770.9 175,577.3
Oils and fats, animal and vegetable
do....
533.4
'479.5
Chemicals
..,,,, do.... 8,582.7 19 445 9
1
Manufactured goods #
do.... 32,190.4 137,291.9
Machinery and transport equipment .„.
do.... 60,545.7 69,627.2
Machinery, total #
do.,,. 31,903.6 '38,212.2
Transport equipment
,
do.... 28,642.0 '31,415.2
Automobiles and parts
do.... 24,133.9 '26,216.9
See footnotes at end of tables.

378-127 O - 82 - S2

3904
280.8
9268

2691 1
3048
1,831.5
1 131.1
131.9
1 798 2
l'6517

Machinery and transport equipment,
total
. mil $
Machinery, total #
,
do...
Transport equipment, total
do....
Motor vehicles and parts
do....
VALUE OF IMPORTS
General imports total
..
Seasonally adjusted

74854

24 3
1310

2

2
426
168 1

17063 1 500 6
63334 7 310 1
1919
2624
36747 44796
3 5490 4 1588
18319 19675
9772 1 144 3

100 1
1831

800
1385

1 252 1
59652
226 8
40126
37378
1 660 2
1 0272
327
141 1

190.3
261.0
238.3
177.2
152.8
235.4 H54.7
215.3
162.6
35429 2910 1 36989 3 326 5 3001 5 23 720 0 27080 3 5866 27904

501.9

469.9

440.3

529.1

4322

4669

5996

534 1

3.8

4.1

25

5.1

36

45

40

44

971.9
918.3
950.1
9878
7893
9721
4316
4335
4118
4948
4090
429 1
18.4
39.0
14.1
13.3
15.8
31.7
989.5 1,189.4 1,131.7 1,505.0 1 126.2 1 085.2

9987
4944
27.8
954.7

10559
5033
8.0
9063

25110

4527

4556

36

51

69

31

12087 4
499
2
2
18.4
2
9817

8749
3944
22.0
7800

10033
492 7
18.0
10113

9448
4397
155
8214

2
2

441 9

4 1409 40488 3677 2 36387 3705 5 42589 4 1322 3 603 9 23 507 8 3 547 g 4 156 2 3 735 7
2,435.3 2,562.8 2,381.9 2,616.6 2,651.5 3,015.7 2,755.6 2 573.1 22,759.9 2,376 0 2678 5 2222 5
3376
3492
3521
3564
411 8 4126
3950
3764 23354
3144
3698
312 1
1,072.2 1,207.7
987.5 1,122.6 1,119.2 13624 1287 1 1 1709 21 1166 12553 1 3105 1 0142
310.3
324,2
467.0
4335
5148
4727
3735
4366 26022
3124
3552
3502
1,552.3 1,306.7
19,891.4 21,182.9
1,371.2 1,240.9
311.7
231.3
1,129.7 1,061.4
6,078.2 7,255.5
5,651.8 6,853.8
40.5
32.0
7941
8159
3,221.0 3,179.9
5,853.8 5,922.7
3,112.3 3,204.1
2,741.5 2,718.6
2,298.7 2,365.3

1,184.8 1,394.7
19,132.4 21,276.8
1,161.6 1,176.1
219.7
285.5
891,9
873.2
5,692.0 6,880.5
5,264.9 6,436.2
32.8
38.3
7078
9290
3,092.3
5,694.2
3,198.0
2,496.3
2,097.6

3,440.2
5,883.0
3,376.9
2,506.1
2,089.7

1,290.0
19,487.8
1,150.7
239.3
829.2
6,557.9
6,154.3
37.2
8166
3,077.0
5,254.6
3,146.3
2,108.4
1,752.4

1,428.0 1,247.7 1,367.9
22,107.4 21,305.4 18,285.2
1,295.4 1,132.7 1,299.2
316.3
299.9
238.9
944.7
824.3
696.1
6,643.7 6,613.2 5,426.9
6,153.7 6,113.7 4,854.3
41.4
40.4
35.3
8263
7182
691 3
3,455.1 3,287.0 2,901.1
6,606.6 6,452.6 5,711.3
3,819.0 3,586.7 2,971.3
2,787.5 2,865.9 2,740.0
2,370.7 2,290.6 2,296.2

2
1,306.8
2

1,140.3 1,396,1
21,343.0 17,173.6 19,419.5
1,035.8
948.4 1,270.6
2
285.8
193.5
266.3
2
740.9
669.2
689.7
2
7,439.3 5,107.2 5,008.9
2
6,830.8
4,523 2 45042
2
42.8
19.2
40.2
2777 4
6677
8729
2
3,225.9 2,830.9 2,963.7
2
6,199.7 5,263.5 6,601.1
2
3,318.1
2,784.4 3,295.6
2
2,881.6 2,479.1 3 305.5
2
2,436.4 2,017.7 2.842.8
2

1,284.0 1,327 2
16,610.8
1,158.2 1,267.2
284.1
321.2
703.2
771.6
4,311.9 41674
38628
25.4
388
7302
840 3
2,454.4 3,203.9
5,785.5 7,051.3
2,898,5
2 887.0
2,522.3

June

S-18

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

July 1982
1982

1981
May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

FOREIGN TRADE OF THE UNITED STATES—Continued
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1977—100..
Quantity
do
Value
do

138.1
1329
1836

4508
4288
4941

1511
1321
1996

1497
1349
2020

1522
1217
1852

1510
1176
1776

1513
1236
1870

1528
1296
198 1

1530
124 0
1897

1529
1239
1895

1562
111 6
1742

1556
1130
1758

1548
1294
2002

1546
1199
il853

1543
1225
1891

General imports:
Unit value
Quantity
Value

161 4
1026
165.5

4703
4052
479 1

1725
1023
1765

1724
1076
1854

1700
985
1674

1678
1109
1860

1663
1026
1706

1664
1163
1936

165 7
111 9
1853

1674
965
1616

1707
1091
1862

1717
876
1504

1704
1007
171.5

1696
868
147.3

1673
1024
171.3

401 172 *406 927
118 835 423505

30656
10563

29244
9754

33589
9809

33551
9075

36081
10 079

39 812
10871

36674
10429

37820
10350

29927
9657

487,936
164 924

37 102
14335

42874
15603

35014
13649

43812
15959

39482
14 123

40316
15765

37298
14517

31864
12863

6
39,974
6

12.98

18.29

do
do
do....

Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous sh tons
Value
mil $
General imports:
Shipping weight
Value

thous. sh. tons..
mil $

*465 953
477373

15 694

TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)
.
bil
Passenger-load factor
percent
Ton-miles (revenue) total
mil
Operating revenues (quarterly) # §
mil. $..
Passenger revenues
do....
Cargo revenues .. .
do
Mail revenues
do
Operating expenses (Quarterly) §
do
Net income after taxes (quarterly) §
do....
Domestic operations:
Passenger-miles (revenue)
bil..
Cargo ton-miles
mil
Mail ton-miles . .
do

254.18
59.0
32,487
2
33,267
22,791
2
2,427
621
2
33,462
2
-90

248.39
58.5
31,886

200.09
3,274
944
26,376
2
26,383
2
156

198.13
3,338
994

54.09
2,458
392

50.28
2,337
376

. mil $.
do
do....

Operating revenues (quarterly) §
Operating expenses (quarterly) §
Net income after taxes (quarterly) §

mil $
do—
do—

2
6,891
2
7,079
2

mil-

8,228

7,948

100
15,432

100
16,489

Urban Transit Systems
Passengers carried, total
;

22.86
60.8
2,876

24.46
60.8
3,057

24.50
68.2
3,023

19.72
57.6
2,566
9,729
8,195
625
161
8,600
73

20.16
57.7
2,673

18.06
54.7
2,419

20.38
57.2
2,651

19.62
55.5
2,457

17.82
292
77
7,542
7,409
41

18.94
297
78

18.64
273
75

15.15
289
78

15.97
308
85

14.78
271
76

16.70
264
111

15.92
225
79

5.04
191
29
1,627
1,641
-36

5.52
207
29

4.19
232
32

3.29
229
36

3.68
194
43

3.70
162
29

693

615

693

643

651

603

623

720

650

127.9

131.8

128.0

431.4

9,416
7,963
625
159
9292
3

Operating revenues (quarterly) §. .
Operating expenses (quarterly) §
Net income after taxes (quarterly) §
International operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles

bil
mil
do

21.82
61.0
2,776

17.41
289
81

4.41
194
31

-246

676

5

5

15.29

7463
7442
12
5.86
196
29

4.57
199
29
1,932
1,859
61

625

645

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. tonsFreight carried—volume indexes, class I and II
intercity truck tonnage (ATA):
Common and contract carriers of property
(qtrly.)
average same period 1967 — 100
Common carriers of general freight,
seas, adj
1967= 100..
Class I Railroads $
Financial operations, qtrly. (AAR), excl. Amtrak:
Operating revenues, total # .
mil. $..
Freight
do....
Passenger excl Amtrak
do
Operating expenses
do. .
Net railway operating income
do
Ordinary income ;
... ...
do. .
Traffic:
Ton-miles of freight (net), total, qtrly
Revenue ton-miles, qtrly. (AAR)
Price index for railroad freight

100
4,264

100
4,301

100
4,247

199

199

92

78

10

182

182

47

46

45

148.7

147.1

28,258
26,350
439
26,351
1,342
3
1,130

30,904
28,925
535

153.6

28,583
1,362
3
2,055

153.4

153.3

151.1

145.8

139.7

134.9

126.2

7,582
7,101
126
7,179
274
341

7,966
7,452
144

7,697
7,191
143

7,190
6,707
142

7,331
428
498

7,113
192
580

6,821
204
216

bil..
do—
1969=100..

920.6
914.6
284.5

911.7
911.9
327.6 ""321.3

229.8
222.5
324.1 ""332"8 ""333"3

227.1
227.5
333.3

337.9

337.9

2362
225.1
337.8

350.4

350.6

Travel
Hotels and motor-hotels:
Restaurant sales index same month 1967 — 100
Hotels: Average room sale
fl
dollars
Rooms occupied
% of total.
Motor-hotels: Average room sale
fl
dollarsRooms occupied
% of total-

182
49.48
65
35.30
66

194
56.39
68
38.31
67

214
54.90
72
40.15
73

214
56.05
69
39.42
76

192
49.44
68
38.79
76

191
55.55
67
38.56
67

215
59.56
74
38.85
68

189
58.72
64
38.57
59

195
57.95
50
38.21
50

160
60.33
57
40.22
56

185
63.37
45
40.97
56

2
9,010
2

8,905
9,978
11,976
9,933
3,222
62.237

4
700
4
703
4
877
4

4
611
4
690
4
674
4

4
727
4
775
4
812
4

196

172

1,965
2,208
2,681
2,339
210

5,032

2.719

2.023

1.788

2.238

Foreign travel:
U.S. citizens: Arrivals (quarterly)
Departures (quarterly)
Aliens: Arrivals (quarterly)
Departures (quarterly)
Passports issued
National narks, visits
See footnotes at end of tables.




thous..
do
do—
do....
dodo....

9,971
11,252
2
9,285
3,020

2

59.081

200
56.29
73
38.00
70

317
5.237

2,244
2,709
3,012
2,393
363

323

272

2,666
2,863
3,858
3,199
225

7.892

10.955

11.226

6.865

759
208

555
260

133.6

4
64.8
351.4

4
82.8
351.6

603
271

395

371

2.804

3,621

208.2
350.6

351.5

S-19

SURVEY OF CURRENT BUSINESS

July 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

May

Annual

1982

1981

1981
June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

TRANSPORTATION AND COMMUNICATION—Continued
COMMUNICATION
Telephone carriers:
Operating revenues #
Station revenues '
Tolls, message.
Operating expenses (excluding taxes)
Net operating income (after taxes)
Phones in service, end of period
Telegraph carriers:
Domestic:
Operating revenues
Operating expenses
.
Net operating revenues (before taxes)
Overseas, total:
Operating revenues
Operating expenses
Net operating revenues (before taxes)

mil. $.
do
do .
do.—
do
mil..

56,738
24333
22983
37,983
10194
159.9

66,498
28 117
26 505
44,594
11903
164.9

5303
2288
2076
3,574
923
1648

5503
2330
2199
3,620
1019
1648

5714
2338
2*319
3727
1074
1648

5772
2360
2340
3,703
1 117
1646

5816
2415
2310
3812
1085
1653

mil. $..
do
do.—

697.0
561.4
95.9

7792
623.8
112.7

619
48.6
7.3

684
54.9
9.3

680
55.5
8.9

682
53.0
11.4

677
56.0
7.8

676
56.8
7.7

do—
do.—
do—

5
534.7
5
374.8
5

578.0
434.4
118.6

46.6
360
8.5

49.5
283
11.1

50.2
383
9.9

47.0
394
5.4

50.1
391
8.7

51.2
369
12.1

137.0

5978
2503
2394
4505
865
1649

5911
2508
2324
3924
1041
1645

657
531
9.1

683
49.6
9.6

642
51.8
8.7

480
374
8.5

47.1
363
9.3

47.7
378
7.8

5838
5806
2466
2463
2354
2264
3,820
4060
1 111
950
1653
1651

5802
2515
2163
3,944
987
164.4

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% A12O3) $
thous. sh. tons.
1,286
Chlorine gas (100% C12) $
do...
11,421
Hydrochloric acid (100% HC1) $
do...
2,895
Phosphorus, elemental $
do...
432
Sodium hydroxide (100% NaOH) $
do...
11,606
Sodium silicate, anhydrous $
do...
786
Sodium sulfate, anhydrous $
do1,139
Sodium tripolyphosphate (100% Na5P3Oi0) $
X
727
do...
Titanium dioxide (composite and pure) $
do...
727
Sulfur, native (Frasch) and recovered:
1
Production
thous. Ig. tons.
10,271
Stocks (producers') end of period
do3,042
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrous $
thous. sh. tons.
19,653
Ammonium nitrate, original solution $
do9,127
Ammonium sulfate $
do...
2,136
Nitric acid (100% HNO3) $
do9,232
Nitrogen solutions (100% N) $
do—
2,773
Phosphoric acid (100% P2O5) $
do—
10,938
Sulfuric acid (100% H2SO4) t •
do— '44,157
Superphosphate and other phosphatic fertilizers
(100% P2O5):
Production
thous. sh. tons8,339
Stocks, end of period
do- .
372
Potash deliveries (K2O) JI
do
6,950
Exports, total #
do
29,445
Nitrogenous materials
do..,.
3,668
Phosphate materials
do
17,524
Potash materials
do
1,815
Imports:
Ammonium nitrate
do
247
Ammonium sulfate
do .
289
Potassium chloride
do
8,907
Sodium nitrate
. . do
158
Industrial Gases
Production:
Acetylene $
mil. cu. ft...
5,493
Carbon dioxide, liquid, gas, and solid
thous. sh. tons3,720
Hydrogen (high and low purity) $
mil. cu. ft.. 106,064
Nitrogen (high and low purity) $
do— 478,964
Oxygen (high and low purity) $...
do— 430,729
Organic Chemicals §
Production:
Acetylsalicylic acid (aspirin)
mil. lb..
'33.7
Creosote oil
mil. gal..
152.5
Ethyl acetate (85%)
mil. lb..
^33.6
Formaldehyde (37% HCHO)
do— '5,555.3
Glycerin, refined, all grades
do—
314.8
Methanol synthetic
•
mil gal
'1,077.3
Phthalic anhydride
mil lb
'818.2
ALCOHOL
Ethyl alcohol and spirits:
Production
mil. tax gal643.2
Stocks, end of period
do... .
72.0
Denatured alcohol:
Production
mil. wine gal301.2
Consumption (withdrawals)
do—
284.2
10.1
Stocks, end of period
do—
See footnotes at end of tables.




. 1,206
10,556
2,444
426
10,650
738
1,162

99
947
210
39
962
55
99

98
937
221
36
945
73
95

114
893
221
34
894
62
96

97
874
202
37
873
59
96

119
851
183
34
861
69
95

106
837
173
38
826
61
92

93
765
173
32
767
57
89

101
770
184
30
771
54
97

87
768
210
30
764
48
82

101
786
227
27
767
64
84

118
'815
'251
34
801
62
81

96
830
217
33
821
64
77

690
748

59
70

66
68

57
61

58
57

53
65

56
65

51
58

57
55

52
44

56
58

57
56

48
55

10,369
3,571

878
2,859

875
2,824

915
2,930

914
3,044

852
3,203

834
3,235

842
3,367

844
3,571

782
3,651

718
3,697

808
3,775

'755
3,911

19,043
8,791
4
1,642
9,039
4
2,951
9,914
r
40,795

1,632
741
188
760
4
263
927
r
3,765

1,582
651
181
695
4
235
918
'3,557

1,545
673
199
714
>250
850
r
3,384

1,510
617
165
657
4
231
676
r
2,884

1,537
684
152
717
252
742
r
3,116

1,547
744
<*)
742
4
224
760
'3,084

1,491
723
148
728
218
690
r
3,866

1,570
768
(2)
751
4
223
707
r
2,888

1,361
705
136
682
4
196
659
2,757

1,296
680
159
692
4
202
672
2,734

'1,434
'812
164
'822
4
' 258
748
'2,941

1,482
700
174
715
4
244
629
2,609

16,903
3
1,068
6,478
22,391
2,834
13,308
1,203

1,632
1,339
439
2,015
259
1,175
97

1,514
1,414
514
1,949
227
1,076
110

1,436
1,561
513
2,184
333
1,143
116

1,092
1,321
806
1,659
124
979
103

1,158
1,211
378
1,872
220
1,029
90

1,261
1,177
399
1,512
167
880
93

1,112
1,276
550
1,579
221
982
101

1,076
1,068
614
1,834
246
1,148
100

1,128
1,197
416
1,497
243
860
62

1,213
1,306
396
1,637
212
1,135
30

1,240
'1,317
417
2,031
274
1,309
106

978
1,221
618
1,582
259
992
37

'552
1,736
244
1,022
109

264
327
8,601
159

19
46
598
16

16
10
651
12

14
16
623
10

16
29
948
0

15
17
786
16

26
10
655
26

26
12
577
6

17
58
719
0

21
20
670
12

16
24
552
0

18
34
582
21

33
51
722
9

51
23
664
22

358

'484

435

313
369
7,563 '7,760
38,065 '41,462
30,753 '34,580

333
7,462
38,840
30,853

3

4,905

397

388

389

353

425

392

384

448

282

3,982
101,561
485,066
421,588

324
8,746
41,797
37,964

345
8,490
40,396
35,726

385
8,544
40,921
36,147

353
7,630
40,939
34,158

324
8,785
41,225
34,930

335
8,300
41,545
36,440

324
7,669
39,246
32,603

315
8,040
39,229
31,528

287
7,065
40,609
31,172

29.6
117.9
'278.9
'5,854.6
299.1
1
1,266.2
'810.7

1.9
11.0
22.2
537.0
25.7
100.5
87.1

1.6
10.8
20.6
504.2
27.0
108.2
81.4

1.8
8.7
24.2
461.2
25.3
112.5
60.6

2.8
8.2
22.7
593.0
24.2
84.6
72.5

2.9
10.2
20.9
494.7
29.8
99.5
80.3

2.4
9.9
26.0
483.1
28.7
104.7
49.3

2.1
8.8
24.8
435.8
22.7
107.7
48.4

1.8
8.8
18.2
376.5
16.7
121.5
57.1

2.1
5.2
13.7
375.0
17.5
93.0
53.8

2.4
6.4
11.0
379.0
18.6
85.8
42.1

571.3
83.2

44.0
76.2

42.2
67.5

45.3
72.5

55.8
75.4

53.1
78.7

44.0
75.8

47.8
77.5

45.4
83.2

42.9
79.8

39.8
81.6

230.0
224.7
5.0

18.0
17.5
4.0

23.4
23.0
3.1

17.2
16.6
3.4

18.0
17.3
3.5

18.8
18.5
3.1

20.7
18.9
3.4

17.3
16.3
3.8

18.1
16.3
5.0

18.7
18.3
4.7

17.2
15.2
6.2

r

2.7
8.2
24.8
398.4
20.4
109.8
75.6

2.2

24.0
443.8
'22.8
110.9
64.7

720
4,151

2.0
8.5
24.3
402.3
19.2
95.6
68.5

June

S-20

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

July 1982
1982

1981
May

Annual

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Mar.

Feb.

Apr.

May

CHEMICALS AND ALLIED PRODUCTS—Continued
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
mil. lb.. 1 1,744.9
Polyethylene and copolymers
do
117199
Polypropylene
. do .. X1 3 699.0
Polystyrene and copolymers
do
5 540 1
Polyvinyl chloride and copolymers
. do . *5 485 4

l

1 489.0
225.6
151.8
125.1
192.5
ll 998 4 1 058 4 10012 10055 10327
3466
3281
3574
3473
*3 948.1
15 686 6
4902
4683
4566
4989
5174
*5 663 3
5525
5522
5000

125.4
9843
3169
4963
451 1

129.5
9542
327.3
4916
4022

1049
8868
3014
4332
3849

704.2
3151
235.7
1533

572.0
248 1
203.0
1210

1018
8259
2733
4046
3106

93.2
8146
2764
3518
3290

100.7
8458
3045
397 5
3845

101.5
10125
347.9
4328
436.9

544.9
2348
201.9
108.2

579.9
2742
196.3
109.4

r
711.7
r
355.5
r
219.8
r

103.7
9555
3218
4144
4262

1025
9423
2878
4354
4914

MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly
Paints, varnish, and lacquer, shipments:
Total shipments
. . .
Architectural coatings
Product finishes (OEM)
Special purpose coatings

mil. lb..
mil $
do
do
do

J

3,000.4

3,003.6

76359
36412
2*4185
1 5762

83957
3 9689
27372
1 689 5

8518
426 1
2612
1645

816.7

846.1

599.7
7708
3854
2404
1450

7744
3968
2249
1527

7848
3905
2327
161 7

7732
3725
2330
1677

513.6
2259
186.0
1017

687.0

!36.4

737.2
3614
218.0
157.7

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production:
By fuels
By waterpower

.

do
do

2 286 034 2 292 841 177 656 202 694 220 164 210 245 186 858 181 377 175 637 195 590 210 098 180 310 187,662
2 010 013 2 031 973 153 574 176 325 195 032 188 610 169 016 163 264 156 606 171 711 183,195 153,614 157,784
260 868 24081 26370 25 133 21,635 17,842 18,114 19,030 23,879 26,904 26,698 29,879
276 02]

Sales to ultimate customers, total (Edison Electric
Institute) $
mil kw -hr T2 126 094 r2 153 796 162 656 174 208 191 316 192 116 183 125 170 764 163 665 173711
Commercial and industrial:
Small light and power §
. do.. . r524 122 rr541 426 40,392 44501 48,909 48,848 47,192 43,184 40,789 43,161
'793 812 799 885 66040 67497 68847 69 198 68491 66,677 63968 62252
Large light and power §
do
r
r
322
326
329
355
335
332
325
4275
331
Railways and railroads
do
4091
Residential or domestic
do . r734 411 r735 724 49 978 55789 67078 67,472 61,040 54,522 52,743 61,929
1,220
1,177
1,206
1,302
1,294
14,975
1,206
1,137
Street and highway lighting
do.... 14
832
1,172
r
r
4481
4288
3,989
4,183
4442
4284
4125
4332
Other public authorities
do
48 284
51
055
r
550
587
544
536
'6358
6640
584
572
614
581
Interdepartmental
do. .
Revenue from sales to ultimate customers (Edison
Electric Institute) $
.
mil. $.. r95,462.4 111,584.1 7,987.2 8,948.2 10,094.0 10,197.1 9,609.9
GAS
Total utility gas, quarterly
(American Gas Association):
Customers end of period total
Residential
Commercial
Industrial
Other

.

.

Residential
.
Commercial
Industrial
Other
Revenue from sales to customers, total
Residential
Commercial
. . . .
.
Industrial
Other

47 263
43528
3499
188
48
15409

47 859

47760

do
do .
do
do

44059
3563
'l89
48
15426

43963
3560
189
48
3458

do '
do
do
do
mil. $..
do
. do.
do
do

4823
2442
7862
283
48,276
17409
8 149
22081
637

4565
2369
8215
278
56,980

2182

398
304
2,063
47
10,372

1678
7182

1969
1211
7062
130

thous

47373
43644
3,493
189
47
2812

789
428
60
12,416
3405

19 188
9297
27 718

776

8,799.8 8,415.8

152

4

542,662

4

137,466
185,625
4
1,059
204,112

4

4
3,936
12,938
1,527
4

30,513.1

9,165.6

47859
44059
3,563
189
48
" 3844
1,227

642

1902

73
15,199
5478
2,683
6812
226

FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil. bbl.
Taxable withdrawals
do
Stocks end of period
do
Distilled spirits (total):
Production
mil tax gal
Consumption, apparent, for beverage
purposes i
mil wine gal
Stocks end of period i
mil tax gal
Imports
.
mil proof gal
Whisky:
Production i
mil tax gal
Stocks end of period $
do.
Imports
mil proof gal
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 i
do
Stocks end of period $
do
Imports ..
do....
Distilling materials produced at wineries
do
See footnotes at end of tables.




19369
176 68
1295

194.08
17337
1396

18.87
1700
1578

18.63
1729
1524

18.80
1737
1498

17.72
16.22
1453

15.72
1468
1442

14.61
13.84
1399

13.12
12.39
1338

13.93
12.91
1295

15.19
11.90
14 16

15.00
12.91
14.93

1273

1182

638

793

1143

1371

1373

1405

11.02

12.34

448 82
61376
117 93

3442
62393
10.21

3772
63785
7.67

3591
62126
8.56

33.36
61800
8.33

3475
61274
11.77

39.07
60960
13.32

41.07
60620
12.32

54.09
61376
9.12

30.70
61296
7.03

30.22
60832
6.33

8431
55488
8600

r
9666
541 07
8653

844
558.77
756

738
555.79
530

368
551.27
652

466
547.19
583

692
54360
932

8.80
540.06
10.00

914
53510
930

906
541.07
662

7.37
541.03
491

2620
2528
9.27
4.83

3073
2730
11.53
7.66

236
198
14.47
0.64

305
242
11.92
0.45

247
168
15.14
0.55

230
226
14.89
0.52

204
211
14.44
0.53

380
4.52
20.75
0.76

288
391
12.63
1.07

195
272
11.53
1.01

46018
363 66
60431
107.60
18820

5.62
2903
46663
9.34
596

445
3120
42805
797
524

5.84
2951
401 61
8.58
296

74.37
2666
437.53
9.51
35 12

202.16
3146
62050
8.37

101.90
3640
656.67
10.24

6797

3205

26.59
3155
62490
11.12
1363

14053

151 96

449 42
62326
11371

3

2

50905
34935
61053
97.68
22438

r

17.65
15.68
16.32

17.62
15.82
15.83

35.69

5.82

7.98

9.12

888
543.22
465

4.06

5.91

688

183
1.15
12.67
0.53

189
1.12
13.09
0.33

206
1.93
13.23
0.45

192
1.62
13.59
0.52

0.67

1500
3096
60431
10.91

4.02
2898
575.15
9.96

9.45

288

7.07
35.16
523.86
7.81
404

4.87
3003
492.03
8.16

1050

6.03
2563
557.53
6.49
287

1135

June

S-21

SURVEY OF CURRENT BUSINESS

July 1982
1980

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1981

Annual

1982

1981
May

June

July

Sept.

Aug.

Oct.

Nov.

Dec.

Jan.

Mar.

Feb.

Apr.

May

June

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory) @
Stocks, cold storage, end of period
Price wholesale 92 score (N Y )
Cheese:
Production (factory), total @
American whole milk @

mil Ib
;.. . do...
$ per Ib
mil. Ib.
do

1 145 3
3046
1448
r
3 984
r

3
2 375 8




T
338 5
r

2003

r
3305
1903

r
3686
T

6943
598.6
220

6824
5913
234

1678

r
3863
r

r
3489
r

r
3376
r

2209

376.3
2322

6775
590.4
265

7173
6320
190

6964
622.6
118

r
7222
r

641.6
157

168

188

1685

1692

1684

1684

1684

1684

1684

1684

r

r

r

18

1.8

68 1

r

816
27

991
24

101 1

843

43.4

770
32

30

128525
71665
13.00

132 634
75915
13.80

12 055
7116
13.50

11576
6962
1340

11 344
6464
13.40

11 104
6174
13.50

10638
5858
13.70

F
927
l,314.3

r
84
136.8

129.6

6.0

116.3

82.7
1,160.7

r

5.3

186

1679

1678

1678

r

r

r

683

64

668

r

71

119.7

r

596

r
82
93.0

79

r

112.9

540.3

325.8
2049

663
28

7142
6157

2071
7194
6177
169

8

(»)

347.0
2184

'670

2462
6857
5850
168

1234
447.8

r

220 5
7096
623.0
529

460
349

r

518

686

581

53.6

61.5

29

586
31

460
37

455
22

407
50

47 7
12

10 751
5890
1400

10384
5531
1400

10847
6209
14.00

11047
6370
1390

10 311
6099
13.80

11642
6945
13.60

92

80
107.2

94
125.3
69
94.4
17.4

r

629

r
89
920

621

r
85
89.3

r

r

89

110.1

104.1

8
8132
8

13.20

11.4

18.2

176.2

198.0

31.4

26.3

30.9

17.0

7.9

2.0

9.4

69
94.5
12.6

0887

0939

0939

0939

0938

0938

0939

0944

0942

0940

0936

0936

0937

(7)

3,914.4

3,914.2

289.8

289.9

295.7

301.2

358.8

369.6

312.8

318.6

28518

299.5

360.9

353.7

2

478.3
332.2
2307
101.5

689
6 644 8
5,858.8
4 141.5
17173

2

458.3
391.0
3293
61.7

33

99.1

29

30

104.3

87.2

43
75.8

60
86.7

76

87.7

918

P

13.10

339.4

2

361.0
303.4
1856
117.8

2

36

1684

35 512

13.40

28
837
8.2

86.7

717.4

8

46
116.5
24.2

85.0

9.1

Exports, total, including flour
Wheat onlv
See footnotes at end of tables.

r
331 1
191 1

r
3898
r

7579

2 608 5

7247

Exports, including oatmeal
do....
Price, wholesale, No. 2, white (Minneapolis)
$ per bu..
Rice:
Production (crop estimate)
mil. bags #..
California mills:
Receipts domestic rough
mil Ib
Shipments from mills milled rice
do.
Stocks, rough and cleaned (cleaned basis), end
of period
mil Ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. Ib..
Shipments from mills, milled
rice
do....
Stocks, domestic, rough and cleaned (cleaned
basis) end of period
mil Ib
Exports
.
.
. . . . . . do
Price, wholesale, No. 2, medium grain (Southwest Louisiana)
$ per Ib..
Rye:
Production (crop estimate) ]j
mil. bu..
Stocks (domestic), end of period $
do .

Stocks (domestic) end of period total $
On farms $..
Off farms

1168
440.4

r
85 2
4895

1678

2,485.3

mil. bu..
do....
do....
.... ..<,
do .

1283
433.1

r
823
5156

1672

mil. bu..

fl

1095
429.2

r
827
5155

1562

Exports, including meal and flour
do....
Oats:
Production (crop estimate)
fl
mil. bu .
Stocks (domestic), end of period, total $.....
do....
On farms $
. do
Off farms
do....

Wheat:
Production (crop estimate), total
Spring wheat
fl
Winter wheat
fl
Distribution quarterly @ @

r
934
451.1

r
959
5075

7096
623.0
2476

Exports, whole and nonfat (human food)
do....
Price, manufacturers' average selling, nonfat dry
milk (human food)
$ per Ib
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat)

r
4 229.0
r

r
995
4700

1155
4736

5788
479.6
2312

Condensed and evaporated milk:
Production, case goods @
mil Ib.
Stocks, manufacturers', case goods, end of
period
mil Ib
Exports
do ..

Barley:
Production (crop estimate)
fl
do....
Stocks (domestic), end of period, total $
do....
On farms $
do...
Off farms
do....
Exports including malt §
do
Corn:
Production (crop estimate, grain only) fl „ mil. bu .
Stocks (domestic), end of period, total $
do....
On farms $
do....
Off farms
do

l 228 2
4292
1535

2551
6498
5556
137

Stocks cold storage end of period
do
American, whole milk
do...
Imports . . .
do
Price, wholesale, cheddar, single daisies
(Chicago)
$ per Ib

Fluid milk:
Production on farms $
do
Utilization in mfd dairy products @
do
Price, wholesale, U.S. average
$ per 100 Ib.
Dry milk:
Production:
Dry whole milk @
mil. Ib .
Nonfat dry milk (human food) @
do....
Stocks, manufacturers', end of period:
Dry whole milk
do....
Nonfat dry milk (human food)
do....

r

10
4

137.3
4
744
4
62.8
01

15

67

120

124

165

87

77

175.0

6,898.6
49654
19332
172.4

85

65

82

478.8

4

226.5
1473
79.2

332.2
2307
101.5

451.0
3030
148.0

39

148.6
4
939
4
54.7
75

2

8 201 0
6,898.6
4,965.4
19332

3
2,774.2
3
18183
3

2,159.3

207.6

5

9559

157.7

147.2

1,034.0
5
4901
55433
150.0

139.2

194.6

r

3
3,853.7
3
2 708 1
3

5,074.7
35697
1 504 9
151.1

147.2

189.3

195.0

1 145 6
212.4

2

10

508.1
364.7
3136
51.1

4
176.9
4
148
9
4

12.8

1.9

0.6

14

08

737
09

06

05

0.3

06

03

0.6

08

06

364.7
3136
51.1

457.8
384 0

28.0

580 3

4
4

1515
1269
4
246

236.5
2002
36.3

(»)
2

146.2

2

185.4

3582
2711

3359
2,267

317
346

218
186

168
67

219
238

92
106

473
90

293
79

287
97

84
70

184
62

221
76

202
129

204
210

231

510

120

107

174

114

98

326

426

510

493

550

628

639

577

10,831
6,795

10,821
7,354

182

492

768

505
612

683
564

784
685

702
662

552
602

2969
6620

2763
6801

1 456

794

0.225

0.256

0.280

2

2

16.5

18.6

9.3

7.8

2

2

2

2

2,374
2
479
1,895
2191

do
do....
do

19032
753.4
1 1497

do....
do....

1,344.5
1,309.5

499

389

1,503
511

3,308
673

1,696
738

848

1008

772

1 232

371

453

2722
470

3 091

497

532

2906
583

2763
458

2572
479

2300
515

2 132
399

1 868
487

1 610
661

0.280

0.280

0265

0250

0225

0213

0 195

0185

0175

0160

0158

0 165

660

654

0 163
10

4

4.1

2,793
2
695
2,099
2523

21760
954.8
12212
1,647.7
1,610.8

85

142

6

6

340

4
9888
4
414.3
4

78

1049

559
21760
9548

2 733 9
12049
15290

5745
80.0
76.0

145

130.0
124.5

140.4
138.1

148.7
145.4

195.8
194.1

57

12212
157.6
156.9

127.8
127.5

137.8
137.4

125.6
124.2

20 1

4

31

9
2 131
622
4
1 556 7
14 159 0
7480
5798
r
45792
8087
164.5
143.8
1189
1541
138.7
159.1
147.4
114.8

10

2 125

SURVEY OF CURRENT BUSINESS

S-22
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

July 1982
1982

1981

1981

Annual

May

June

July

Aug.

Sept.

Nov.

Oct.

Jan.

Dec.

Feb.

Mar.

Apr,

June

May

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS—Continued
Wheat flour:
Production;
Flour $
thous. sacks (100 lb.)..
Millfeed $
thous sh tons
Grindings of wheat $
,
thous. bu
Stocks held by mills, end of period
thous. sacks (100 lb.)..
Exports
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 lb..
Winter, hard, 95% patent (Kans. City)
do....
POULTRY AND EGGS
Poultry:
Slaughter
,
mil lb
Stocks, cold storage (frozen), end of period, total
mil. lb..
Turkeys
,
.,
... . . ..... do
Price, in Georgia producing area, live broilers
$ per lb..
Eggs:
Production on farms
mil. cases §..
Stocks, cold storage, end of period:
Shell
thous cases §
Frozen
..
.
mil lb
Price, wholesale, large (delivered; Chicago)
$ per doz..

282,655
4,866
628,599

283,966
5,045
634,381

23,421
420
52,184

23,521
416
52,643

23,342
410
51,194

23,665
431
53,323

24,189
436
54,589

24,712
440
55,552

22,835
410
50,982

22,321
403
50,197

23,985
432
53,740

23,553
423
52,786

25,251
453
56,663

22,472
403
50,334

3,842
15,014

3,460
15,839

1,724

3,895
2,350

987

1,420

4,222
724

284

117

3,460
184

605

2,165

3,384
2,336

2,858

1,760

10.844
10.347

11.075
10.313

11.125
10.525

10,813
10.275

10.750
10.300

10.588
10.200

10.525
10.025

10.675
10.313

10.338

10.763
10.638

10.950
10.700

10.738
10,638

10,538
10.425

10.550

14,233

15,058

1,259

1,323

1,335

1,314

1,365

1,376

1,193

1,232

1,087

1,070

1,253

1,220

1,209

339
198

392
238

423
256

509
327

596
401

657
466

716
532

703
528

469
305

392
238

378
238

374
236

r
377
r

0.270

0.265

0.255

0.285

0.290

0.265

0.245

0.245

0.235

0,230

0.255

0.250

0.256

193.6

193.4

16.2

15.5

16.1

16.2

15.7

16.4

16.2

16.9

16.6

15.0

1

10.566

^o.ne

31
24

1

35
22

10.500

4
430
4

292

233
0.235

0.270

0.260
4

484
4
31
4

r

39
17

25
23

41
24

39
27

20
27

19
25

21
26

38
24

35
22

26
21

19
19

0.675

0.687

0.707

0.713

0.773

0.721

0.762

0.742

0.752

23

0.683

0.628

0,690

0.622

0.629

thous. animalsdo ...

2,294
31,642

2,478
32,819

158
2,593

175
2,770

204
2,765

198
2,772

228
2,846

236
2,939

217
2,668

254
2,829

228
2,771

210
2,591

263
2,819

Prices, wholesale:
Beef steers (Omaha)
$ per 100 lb
Steers, stocker and feeder (Kansas City) .... do....
Calves, vealers (So. St. Paul)
do....

66.96
75.13
75.52

63.84
64.26
77.18

66.86
63.10
84.25

68.26
63.51
82.38

67.86
61,51
76.00

66.37
64.15
77.25

65.37
64.58
77.50

61.45
62.52
71.75

59.84
61.77
68.88

59.24
58.96
67.50

60.75
59.22
69.00

63.54
62.37
67.50

65.80
63.96
71.50

91,882

87,850

7,004

6,682

6,540

6,580

7,320

7,872

7,308

7,923

6,875

6,340

7,691

39.48

44.29

41.96

48.78

51.01

51.14

48,89

46,15

42.10

40.17

45.77

49.70

49.50

52.16

14.4

14.9

12.6

15.0

15.7

17.1

19.1

18,4

17,7

16.3

17.1

19.8

19.8

20.1

0.608

0.604

LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
Cattle
,

Hogs:
Slaughter (federally inspected)
thous, animals..
Prices:
Wholesale, average, all weights (Sioux City)
$ per 100 lb..
Hog-corn price ratio (bu, of corn equal in value
to 100 lb. live hog).
Sheep and lambs:
Slaughter (federally inspected)..,... thous. animals.,
Price, wholesale, lambs, average (Omaha)
$ per 100 lb..
MEATS
Total meats (excluding lard):
Production total
Stocks cold storage end of period . •
Exports (meat and meat preparations)
Imports (meat and meat preparations)
Beef and veal:
Production total
>•
....
Stocks cold storage end of period
Exports
Imports. , ..
.
.

mil. lb
do
do,,..
do....
... do
do
do
... do .

Price, wholesale, beef, fresh, steer carcasses,
choice (600-700 Ibs.) (Central U.S.)
$ per lb..
Lamb and mutton:
Production, total
....mil. lb..
Stocks, cold storage, end of period
do....
Pork (excluding lard):.
Production, total
mil. lb..
Stocks, cold storage, end of period
do....
Exports
,
do....
Imports .
..
,.
do.
Prices, wholesale:
Hams smoked #
Index 1967—100
Fresh loins, 8-14 lb. average (N.Y.) ...... $ per lb..

4
608
8,193

4

69.11
64.72
78.00

72.10
66.07
82.88

70.18
63.70
85.00
4

20,043

58.35

59,01

r

22.4

21.8
4

1,493

5,363

5,789

426

440

439

467

546

558

476

522

510

490

570

59.81

54.44

65.00

66.25

59.00

53.75

50.25

51.00

46.00

46.50

49.75

51.50

59.00

38,590
750
1,663
2,052

38,675
578
1,847
1,832

3,071
795
189
140

3,118
717
180
153

3,041
629
128
162

3,044
539
144
168

3,247
509
123
180

3,433
547
174
167

3,185
552
154
120

3,417
578
154
118

3,152
554
129
127

2,894
524
147
106

3,296
536
124
160

21,849
338
425
1,531

22,629
266
486
1,317

1,794
338
34
95

1,893
306
46
108

1,855
280
30
116

1,861
252
39
119

1,930
242
40
141

2,011
252
48
123

1,838
241
39
80

1,942
266
43
80

1,889
258
33
93

1,750
232
46
72

1,917
r
220
44
108

40
130

52
116

1.044

0.990

1.033

1.065

1.072

1.039

1.030

0.960

0.946

0.937

0.974

1.012

1.038

1.095

1.151

310
9

328
11

24
10

24
12

24
13

25
14

30
13

31
13

27
11

30
11

29
10

28
8

33
9

16,431
349
314
433

15,719
264
345
432

1,254
394
39
37

1,201
347
34
39

1,162
284
19
39

1,157
225
19
42

1,287
207
20
29

1,391
238
28
36

1,319
255
30
35

1,445
264
29
33

1,234
249
30
30

1,116
246
25
30

1,346
274
21
46

22
34

42
43

254.8
1.011

266.5
1.137

242.4
1.124

254.4
1.191

278.9
1.261

282.6
1.212

284.3
1.185

284.5
1.148

283.3
1.074

292.5
1.007

271.1
1.209

278.6
1.169

282.5
1.100

283.7
1.186

289.2
1.301

299.4
1.386

148.5
1.354

245.0
1.085

27.1
1.040

24.1
0.890

19.3
1.085

22.0
1.120

20.3
1.170

24.1
1.130

5.8
1.030

11.5
1.090

10.0
1.160

29,0
1.070

17.6
1.020

15.3
0.990

16.8
0.940

0.800

2,834
17,047
18,153
3,505
2.066
4,649

(33)
()
16,555
3,243
1.594
5,095

1,356
283
1.290
305

1,026
166
1.155
325

922
213
1.155
304

1,213
172
1.270
430

(33)
()
1,150
256
1.270
582

1,487
316
1.295
588

1,565
309
1.470
450

1,547
294
1.500
456

1,287
186
1.510
389

1,195
210
1.360
497

1,490
267
1.360
475

1,147
227
1.450
376

1,476
299
1.450

1.450

393

350

294

331

. 356

373

378

363

355

350

315

282

275

256

2

v

r

59.50

66.25

60.50

4

167
167

131
169

9,097
4
502

4

5,462
4
196

1.112
4
85
4

16

4

3,550
4
265

MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells) ..,
......thous. Ig. tonsPrice, wholesale, Accra (New York)
$ per lb..
Coffee (green):
Inventories (roasters', importers', dealers'),
end of period ..
thous bags fl
Roastings (green weight)
do
Imports total
,
do .
From Brazil
do
Price, wholesale, Santos, No. 4 (N.Y.)...... $ per lb..
Confectionery, manufacturers' sales @
mil. $..
Fish:
Stocks cold storage end of period
See footnotes at end of tables.




.

mil. lb

2,590
3,962

r

250

"272

SURVEY OF CURRENT BUSINESS

July 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

1982

1981

May

Annual

S-23

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

FOOD AND KINDRED PRODUCTS; TOBACCO—Cont.
MISCELLANEOUS FOOD PRODUCTS—Cont.
Sugar (United States):
Deliveries and supply (raw basis): §
Production and receipts:
Production
•>
thous sh tons

Imports raw and refined •

82
86
985
997
877
853
1928
1602
88501 122 452
347
313

0.198
0.303
190 254

0.163
0.266
18990

0.191
0.295
17736

0.198
0.285
14586

0.185
0.295
19128

5157

10838
10 149
2970

10922
9731
3311

608 029

. thous. sh tons

4127

Prices, wholesale (New York):
Raw
Refined (excl. excise tax)
Tea imports

979 157
5054

201
138
943
1031
914
815
2285
2755
83266 115 336
398
312

4713

do
do
do
sh tons

Deliveries total
For domestic consumption
Stocks raw and ref end of period
Exports raw and refined
t

,

.

0.306
0.405

$ per lb..
do....

thous lb

184 786

603
861
783

1132

1 154

842
766

1416

1579

91 131

68370

2416
65210

424

653

462

785
746
3311
47605
902

0.154
0.236

0.160
0.261

0.163
0.261

13 205

15855

4697
45510
32372

128
1099

986

745
648
638
3743
4370
223

(4)
(44)
()
3,644
16359
100

(4)
4,246
316

2,953

2837

215

142

0.180
0.282

0.169
0.282
13,787

0.176
0.280
13,176

0.195
0.300
16,518

13473

0.167
0.261
12121

15,055

0.178
0.282
15,464

63222
27,889

86775
22,946

5080
55577
12,970

31670
31,264

39,392
16,579

4909
49862
20,393

41,756
22,659

53,960
24,820

8 141
56635
300
7300

7 447
49658
267
8058

6479
42300
247
4713

7479
48234
'215
6426

8990
52,850
221
8148

7584
57430
267
7337

6577
34,719
248
5540

5670

12682

19,464

11,660

10,849

10,343

13,696

15,534

17,449

0.208
0.300

TOBACCO
Leaf:
Production (crop estimate)
Stocks, dealers' and manufacturers',
end of period $
Exports incl scrap and stems
Imports incl. scrap and stems
.1
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large), taxable
Exports cigarettes

1

mil. lb..
mil lb
thous lb
. do

millions
do
do., .
do

.

1,786

'2,060

4850
591518
365 622

5080
575 255
335 920

44571
28796

4285
40142
22,347

31277
22171

27398
32153

94 256
620 565
3,292
81998

92006
638 114
3,258
82582

6341
50678
274
6621

8031
56519
336
6214

6766
51064
242
6231

7555
58*716
261
6468

7636
58 150

313

7 149

LEATHER AND PRODUCTS
LEATHER
Exports:
Upper and lining leather

,

thous. sq ft .

192,597

Price, producer:
Sole bends light

index 1967—100.

2838

18,692

3067

3185

2984

396 851

375,473

31926

30361

26968

30703

32,887

35040

30493

27624

26,259

27,128

31,060

26,864

299 131
73337
24383
3271

278 979
70834
25660
3171

24 124
5551
2251

20 618
4645
1705

22351
6200
2152
257

24545
6362
1980
397

25 196
7631
2213

22562
6197
1734
266

21061
4715
1,848

9688

785

640

20178 '20
102
4829 rr5734
1*252
!292
r
274
257
629
505

22,975
6672
1,413
365

9781

217
729

22251
5798
2*312
224

19,822
5826
1216
347
839

103.1
2144
99.6

102.7

103.5

103.6

103.8

104.1

103.6

103.9

103.7

104.9

2117

2145
103.0

2134
102.9

2140
102.9

2136
101.0

217 9
97.8

212 1
93.5

2123
93.5

212 3
93.0

2041
94.4

2

13,921

10,918

18016

192,193

15,393
2847

LEATHER MANUFACTURES
Footwear:
Production, total
thous. pairsShoes, sandals, and play shoes, except athletic
thous pairs
Slippers
do
Athletic
,. . do....
Other footwear
do
Exports
do
Prices, producer: *
Men's leather upper, dress and casual
index, 12/80—100..
Women's leather upper
Women's plastic upper

index 1967—100
index, 12/80=100..

976

246
551

303
663

1 121

238
615

r

r

681

693

103.5

104.0

105.8

106.0

106.0

2053
'94.4

2102
94.5

2124
98.3

2084
98.3

2094
98.5

LUMBER AND PRODUCTS
LUMBER—ALL TYPES #
National Forest Products Association:
Production total
mil bd ft
Hardwoods
....
do. .
Softwoods
do
Shipments, total
,
do .
Hardwoods .
., .. ..
do
Softwoods
do
Stocks (gross), mill, end of period, total
do....
Hardwoods
do
Softwoods....
, .... ........ do. .
Exports, total sawmill products
Imports, total sawmill products
SOFTWOODS
Douglas fir:
Orders new
..
.. ., .
Orders, unfilled, end of period

do....
do....

.mil bd ft
do....

Production
.
Shipments
,,
Stocks (gross), mill, end of period
Exports, total sawmill products
Sawed timber
Boards planks, scantlings, etc

do
do .
do....
..

,.„.,.,... do....
do
.... . do....

Price, wholesale:
Dimension, construction, dried, 2" x 4", R.L.
SnerMbd. ft..
See footnotes at end of tables.




3

3

2651
592
2059
2633
626
2007
6,213
1 871
4342

2588
560
2028
2765
560
2205
6,015
1 839
4176

9,518

992

6393
429
6395
6463
844

538
540
576
599
969
47
8
39

31
632
3
7297
24335
3
31
126
3
6679
24447
5,805
1807
3,998
1,655
9,859

29
713
3
7003
22 710
3
29
715
3
6812
22903
5,842
1972
3870

6791
499
6815
6821
912
540
117
422
223.42

523
129
394

2483
545
1938

2554
572
1982

2307
542
1765

2379
527
1852

1831

1765

1810

1891

2 148

2281

1390

1347

1454

1489

1737

1865

2395
498
1S97
6,103
1 886
4217

2431
546
1 885
6,232
1 918
4*314

2260
518
1 742
6,284
1 947
4337

2382
514
1 868
6,285
1 964
4*321

2045
441
1 604
6,075
1 968
4*107

1989

1637

1837

2148

1 576

1 244

1 407

1 702

446

2336
'427
1 909

5,842
1 972
3870

6,016
1936
4080

6,068
1 908
4162

6,042
1 842
4200

5,983
1827
4 156

934

842

465

660

755

728

591

530

585

601

792

848

566
505
533
601
901
43
13
30

486
510
521
481
941
31
6
25

466
458
546
518

483
455
526
486

536
458
533
533

476
477
403
457

459
429
396
507

393
443
457
421

523
496
454
470

486
481
482
492

1,009

1,009

955

938

974

958

473
487
465
482

969

844

407
471
459
365

941

931

51

43

29

38

47

34

34

54

46

48

14
37

14
29

9
20

441

6
31

418

413

19
28

356

393

11
22

402
430

8
26

411

18
36

416

14
32

14
35

SURVEY OF CURRENT BUSINESS

S-24
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

July 1982

1981

1981
May

Annual

June

Aug.

July

1982

Sept.

Nov.

Oct.

Dec.

Jan.

Feb.

Mar.

Apr.

May

LUMBER AND PRODUCTS—Continued
SOFTWOODS—Continued
Southern pine:
Orders, new......
Orders, unfilled, end of period
Production
Shipments ..... . ...

1

mil. bd. ft.
do....

..

6,559

419

1
6758
1

do
do....

6,663

Stocks (gross), mill and concentration yards, end
of period
mil. bd. ft..

*6,128

418

X
6
1

143
6,129

508
474
546
520

535
440
559
569

546
441
557
545

448
407
512
482

463
402
485
468

498
399
488
501

461
430
364
430

400
418
415
412

344
430
366
332

409
448
419
391

520
476
487
492

486
446
515
516

1,270

1,284

1,311

1,301

1,313

1,343

1,360

1,347

1,281

1,284

1,318

1,346

1,341

1,340

..thous. bd. ft..

280,243

227,020

19,919

21226

20,898

21,048

16,719

19,043

21,334

15,032

14,283

18,936

20,195

23,660

19,318

Prices, wholesale (indexes):
Boards, No. 2 and better, 1" x 6", R.L.
1967-100..
Flooring, C and better, F. G., 1" x 4", S.L.
1967-100..

337.2

7730

7235

761
369
679
747

627
377
616
619

569
314
656
632

538
291
511
561

573
264
582
600

489
243
436
510

428
219
390
452

407
257
423
369

413
261
417
409

562
333
529
490

608
302
621
639

605
331
572
576
1 183

Exports, total sawmill products

Western pine:
Orders new
..
Orders unfilled end of period
Production
Shipments

324.7

,(

do
(Jo

7613
7807

7261
7342

573
355
684
644

. . .

do

1 185

] 104

1355

1287

1284

1308

1258

1240

1 166

1 104

1 158

1 166

1205

1 187

28

32
75
8.6

30
73
9.2

36
65
7.6

30

31

21

24
57
1.1

2.8
52

20
54
9.9

22
54

10.1

10.3

2.6
69
9,9

60
10,5

148
507
1

mil, bd ft
do

,,

Stocks (gross) mill fnd of period

Price, wholesale, Ponderosa, boards, No. 3,
1" x 12" R L (6' and over)
$ per M bd ft

326

219

28755

HARDWOOD FLOORING

Oak:
Orders unfilled, end of period
Shipments
*
Stocks (gross), mill, end of period

1.9
780

...mil bd. ft
do
do....

12.4

83 1
10.1

71

8.7

66
8.8

70
7.9

19

18
60
10.2

METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
Scrap
Pig iron
,

.... . . .

thous. sh. tons..
do
do...

4,101
11 168

2,904
6415

16

259
677
1

279
628
2

218
348
1

194
450
1

228
395
1

233
532
2

244
480
1

227
509
1

173
462
4

154
539
(3)

197
522
1

Imports:
Steel mill products
Scrap
Pig iron

.
,
.

do
do....
do

15 495

19898

1772

1665

1663

2226
' 69

1748

1921

1613

32
36

41
16

1356

43
42

45
64

1969

1600

56
30

1872

38

thous sh tons
,
do....
do
. do .

*42 207
*40 954
*83 710
8,018

43804
43412
87221
8261

4001
4162
8184
8175

3876
3817
7657
8287

3689
3454
7 168
8245

3631
3564
7 116
8383

3591
3,542
7116
8408

3353
3496
6833
8,418

3004
3064
6054
8,453

2817
2661
5656
8261

2742
2715
5917
7826

r
2753
r
2,889
r
5615
r

7,870

3020
3,114
6224
7,743

9217
96 17

9017
100.50

96 13
10550

8863
9900

8707
9900

9137
10750

8974
10250

8424
95.50

7801
86.00

7602
85.50

8170
94.00

8047
91.50

75.93
85.00

*69 613
*69 594
25058

74274
71650
28042

7265
8906
2901

7525
9625
3879

7112
9703
3059

6860
9300
4 113

6382
8,133
2595

5731
7112
2555

3910
5,048
2029

4430
3,507
1585

5687
1,076
1630

5244
1,180
1018

5 126
1,433

646

773

9070
6913

5,579
6038

1664
5518

1589
5 175

1596
5670

2795
4888

60243
17,469
36,203
6,571

60,401
21,594
32298
6,509

60,894
25,701
28,813
6,380

57340
26,576
24,654
6,110

22504
C
5,481

73

558
400

572
433

62
61

37
36

52
59

33
34

36
14

1029

41
48

Iron and Steel Scrap
Production
Receipts net....
,.
Consumption
Stocks end of period

,
.,
.

Prices, steel scrap, No. 1 heavy melting:
Composite
$ per Ig ton
Pittsburgh district ....
... . do..

6998
75.00

6285
64.00

Ore

Iron ore (operations in all U.S. districts):
Mine production
thous Ig tons
Shipments from mines
do ..
Imports
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do
Exports.
.. • ...
...
do....
Stocks total end of period
do
At mines
.• do. At furnace yards .
do
At US docks
,
do..,.
Manganese (mn content) general imports .

87 188
89 397
5073

96 645
94958
15,210

11520
8841
2967

11 924
8162
'634

12350
8022

12 159
8024

9927
7708

56066
10,636
35706
6,095

60243
17469
36203
6,571

51 411
27700
19885
3,826

53744
25*601
23480
4,663

56356
23,019
27904
5,433

58755
20586
31931
6,238

59574
18,837
34062
6,675

60387
17,515
36 137
6,735

7241
6370
8,358
60144
16,429
36939
6,776

795

775

111

78

68

55

72

51

67

49

65

49

65

55

68721
69 053

73 456
75 051

6938
7108

6 408
6589

6268
6508

6 259
6521

5889
6029

5419
5527

4 782
4847

4750
4824

4489
4766

4 169
4384

4622
4869

3967
4214

3904

20600

203.00

203.00

20300

203.00

213.00

213.00

213.00

213.00

213.00

213.00

21300

213.00

213.00

848
984
577

843
951
570

833
956
548

781
986
555

727
823
458

743
681
344

783
771
399

761
764
412

728
869
479

40
31
14

46
33
17

36
33
15

31
35
18

33
26
13

32
23
10

31
24
12

29
26
15

29
30
13

do

530

607

391

315

685

44

1

1

211

Pig Iron and Iron Products
Pig iron:
Production (including production of ferroalloys)
Consumption
Stocks end of period

. ..

Price basic furnace

do
do

T

889

859

831

779

$ per sh. ton..

20300

Castings, gray and ductile iron:
Orders, unfilled, for sale, end of period
thous. sh. tons..
Shipments total
do....
For sale
...
do

964

743

845

846

11,799
6457

11,929
6702

1 114

1079

Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous sh tons
Shipments total
do
For sale
do....

22
450
206

32
421
199

40
38
19

See footnotes at end of tables.




630

619

44
40
18

817

•

786

817

812

841

859

881

822

782

748

June

S-25

SURVEY OF CURRENT BUSINESS

July 1982
1980

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1981

May

Annual

1982

1981
June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

METALS AND MANUFACTURES—Continued
Steel, Raw and Semifinished
Steel (raw):
Production
thous sh tons
Rate of capability utilization
percent
Steel castings:
Orders, unfilled, for sale, end of period
thous. sh. tons.
Shipments, total
,
.,.„ do
For sale total
do

1

Steel Mill Products
Steel products, net shipments:
Total (all grades)
• thous sh tons
By product:
Semifinished products . ...
.. .. do
Structural shapes (heavy), steel piling
do...
Plates
...
. do.
Rails and accessories
do
Bars and tool steel total
do
Bars: Hot rolled (incl. light shapes)
do....
Bars* Reinforcing
do
Bars' Cold finished ..
do
Pipe and tubing
.do
Wire and wire products
,
do...
Tin mill products
..
do
Sheets and strip (incl. electrical), total. ,. do....
Sheets'1 Hot rolled
do
Sheets Cold rolled.. .
.
do
By market (quarterly):
Service centers and distributors
do.,..
Construction incl maintenance
do
Contractors' products
.....
.. .. do..
Automotive
do
Rail transportation
„ . do ,
Machinery, industrial equip., tools
„...„.. do.,..
Containers, packaging, ship, materials
do....
Other.....
do...
Steel mill shapes and forms, inventories, end of
period—total for the specified sectors:
mil. sh. tons..
Producing mills, inventory, end of period:
Steel in process
, .. mil. sh tons..
Finished steel ..
.
do
Service centers (warehouses), inventory, end of
period
mil sh tons
Consumers (manufacturers only):
Receipts during period
Consumption during period....

.,

,




9,618
75.9

9,003
68.7

7,962
62.8

7,672
58.6

7,737
59.3

7,178
60.9

8,049
61.7

605
1,878
1,701

385
1,752
1,568

525
150
132

501
151
132

489
127
114

489
137
121

469
146
131

366
144
129

366
127
116

385
122
110

381
115
106

359
114
104

354
131
119

83,853

87,014

7,932

8,148

7,115

7,020

7,039

6,723

5,783

5,666

5,608

5,434

6,163

5,488

5,342
5,207
8,080
1,797

535
414
667
140

529
408
627
116

400
392
584
114

434
395
586
89

437
432
630
88

437
362
543
99

385
313
498
98

389
299
482
81

314
329
463
98

285
323
498
102

325
365
527
91

318
321
393
73

13,258
6,911
4,683
1,585
9,097
1,768
5,709
33,595
12,116
13,313

5,598
4,903
7,397
1,458
13,828
^,770
4,371
1,620
10,286
1,694
4,927
36,924
13,451
14,396

1,258
722
385
145

1,263
706
399
152

1,115
593
388
128

1,106
528
342
131

1,163
659
364
134

1,140
638
364
133

953
543
296
109

898
471
323
99

912
525
271
112

821
506
205
105

1,015
573
320
117

865
470
298
93

925
150
388
3,456
1,233
1,402

890
155
419
3,739
1,346
1,487

859
137
413
3,102
1,146
1,209

881
130
399
3,001
1,124
1,154

849
135
396
2,910
1,063
1,125

892
133
351
2,765
976
1,085

813
107
327
2,288
863
857

759
102
412
2,246
901
811

753
105
389
2,245
793
869

702
115
449
2,139
768
817

662
133
400
2,645
953
1,030

602
125
328
2,462
828
1,005

16,174
8,787
3,362
12,156
3,178
4,566
5,549
30,082

17,546
8,761
3,225
13,101
2,180
4,646
5,293
32,264

4,997
2,442
892
3,811
548
1,292
1,399
8,806

3,429
1,684
592
2,367
411
960
1,260
6,500

3704
1,812
610
2,472
422
947
1,129
7,075

4 151
2,190
796
3,218
455
1,148
1,278
7938

28.4

30.0

29.8

29.5

30.0

30.5

30.5

30.4

30.5

30.0

9.6
6.9

11.3
7.4

10.4
7.5

10.3
7.2

10.6
7.2

11.1
7.4

11.2
7.5

11.3
7.4

11.3
7.4

11.3
7.4

30.0

29.9

29.5

11.6
7.2

11.3
7.2

11.2
7.1

7,006
55.2

1,058
2
547
2
194
2
890
Z
W3
8
266
2
844
2
2,086

5.4

5.3

5.3

5.4

5.3

5.3

5.3

5.5

5.4

5.2

5.2

5,2

6.6
6.4
6.5

6.7
6.8
6.7

6.8
6.1
6.0

6.7
6.1
6.2

6.5
6.0
6.2

6.4
5.8
5.9

6.3
5.0
5.1

5.9
3.9
4.3

6.0
4.7
4.6

6.2
5.3
5.1

6.0
5.8
6.0

5,130
1,377

4,948
1,653

441
139

420
148

426
149

416
139

393
140

396
150

364
129

364
123

351
143

580.5
72.7

698.5
140.1

67.8
13.9

55.9
11.6

63.9
12.5

67.0
11.0

60.5
14.0

55.2
15.6

41.5
14.9

49.3
13.7

38.5
17.5

65.9
19.1

61.7
21.4

60.8
14.1

715.0
315.3
0.6957

344.2
271,2

29.3
30.6

23.5
21.4

29.3
16.0

16.8
15.2

9.2
17.2

23.1
16.0

24.6
16.8

22.1
18.0

18.8
17.8

46.0
18.3

26.6
15.4

0.7600

0.7600

0.7600

0.7600

0.7600

0.7600

24.1
21.6
0.7600

0.7600

0.7600

0.7600

0.7600

0.7600

0.7600

14,057
10,485
5,862
1,538

13,147
10,310
5,962
1,581

1,189
929
541
139

1,248
957
564
146

1,039
859
494
119

1,119
866
514
132

1,082
871
514
134

1,040
826
476
128

847
665
368
110

909
672
383
98

842
738
430
106

928
734
431
105

120

5,076

6,607

5,600

5,632

5,964

6,086

6,187

6,276

6,524

6,607

6,670

6,746

1,168.3
1,210.9
1,121.9

mo

1,529.0
1,520.7
1,416.5
104.1

130.2
131.7
123.6
8.1

126.4
133.1
125.5
7.6

123.0
120.8
111.5
9.2

135.4
110.3
103.4
6.9

133.9
121.8
114.4
7.4

139.9
128.9
120,5
8.3

134.1
113.4
108.5
6.2

113.3
130.2
123.9
6.2

112.6
106.2
97,3
8.9

107.4
104.9
96.3
8.6

117.2
110.3
6.9

,.,, do....

573,0

631.9

55.7

61.5

54.4

58.4

50.2

58.8

32.5

60,1

do., .. do....

520.3
431.8

502.5
359.3

28.6
21.7

51.1
34.5

41.6
32.2

48.1
37,8

45.7
37.8

52.7
36.7

42.4
30.2

42.3
24.3

45.2
20.6

40.6
15.7

30.8
18.8

30.6
22.3

330.1
17.4

339.7
27,2

33.7
0.9

40.0
3.5

18.5
1.3

22.8
1.7

21.8
3.0

35.0
0.7

19.4
2.1

21.3
1.8

35.2
0.4

21.9
0.6

29.4
0.9

30.5
1.0

2,083
365

2,045
511

1.0242

0.8512

0.7863

0.7878

0.7586

0.7627

1

547
380

0.8580

0.8523

479
409

0.8441

0.8739

0.8472

6,678
50.9

2

5.9
71.8
72.4

Exports:
Refined and scrap
..
..
do
Refined
..,
......
,
do...,
Consumption, refined
(by mills etc )
thous sh tons
Stocks refined end of period
do
Price, electrolytic (wirebars), dom., delivered
$ per lb..
See footnotes at end of tables.

10,120
77.3

5.3

Price, primary ingot, 99,5% minimum .... $ per lb..

,

10,160
77.6

6.6
69.9
73.4

Aluminum products:
Shipments:
Ingot and mill prod (net ship )
mil lb
Mill products, total
do...
Sheet and plate
,
do,...
Castings
...
do
Inventories, total (ingot, mill products, and
scrap), end of period
.......mil. lbCopper:
Production:
Mine, recoverable copper...,
thous. met. tons..
Refinery, primary ,
,.
.
do
From domestic ores
do
,

10,451
81.5

3

NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tonsRecovery from scrap (aluminum content) ...... do..,.
Imports (general):
Metal and alloys crude .....
do
Plates, sheets, bars, etc...,,.
do,...
Exports:
Metal and alloys, crude .......
..... . ... do...
Plates sheets bars etc
do

Imports (general):
Refined, unrefined,
scrap (copper cont.)
Refined.

11,423
86.2

3

do....
do....

Secondary, recovered
as refined

1

119,912
77.7

111,835
72.8

0.7600

493
511

0.8231

0.8122

0.8029

0,7487

June

S-26
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

SURVEY OF CURRENT BUSINESS
1980

1981

Annual

July 1982
1982

1981
Aug.

July

June

May

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS-Continued
Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products
mil Ib
Copper wire mill products (copper cont.)
do ...
Brass and bronze foundry products
do....
Lead:
Production:
Mine, recoverable lead
thous. met. tonsRecovered from scrap (lead cont )
do
Imports (general) ore (lead cont ) metal
do
Consumption, total
do....
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. met. tons..
Refiners' (primary), refined and antimonial
(lead content)
thous. met. tons..
Consumers' (lead content) |f
do....
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. met. tonsPrice common grade delivered
$ per Ib

Tin:
Imports (for consumption):
Ore (tin content)
metric tons
Metal unwrought unalloyed
'
do
Recovery from scrap total (tin cont )
do
As metal
do
Consumption total
.. ..
. do
Primary
do
Exports incl reexports (metal)
do
Stocks pig (industrial) end of period
do
Price Straits quality (delivered)
$ per Ib
Zinc:
Mine prod, recoverable zinc
thous. met tons..
Imports (general):
Ores (zinc content)
. .
. do .
Metal (slab blocks)
do
Consumption (recoverable zinc content):
Ores
. do
Scrap all types
do
Slab zinc: @
Production total $
thous met tons
Consumption fabricators
. . . . . do .
Exports
do
Stocks, end of period:
Producers' at smelter (ABMS)
do
Consumers'
do
Price, Prime Western .-.
$ per Ib..
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic) net qtrly $
mil $
Electric processing heating equipment . .
do .
Fuel-fired processing heating equip
do
Material handling equipment (industrial):
Orders (new) index seas adj
1967—100
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines) shipments .
.
.
. . number .
Industrial supplies, machinery and equipment:
New orders index seas adiusted
1977 — 100
Industrial suppliers distribution: t
Sales index seas adjusted
1977—100
Price index, not seas. adj. (tools, material
handling equip., valves, fittings, abrasives,
fasteners metal products etc )
1977 — 100
Fluid power products shipments indexes: *
Hydraulic products seas adj
1972—100
Pneumatic products seas adj .
do
Machine tools:
Metal cutting type tools:
Orders, new (net), total
mil $ .
Domestic
do
Shipments total
do. .
Domestic
do....
Order backlog end of period
do
Metal forming type tools:
Orders, new (net), total
do.. .
Domestic
do
Shipments total
.
do .
Domestic
do....
Order backlog, end of oeriod
do....
See footnotes at end of tables.




716
738
125

558
628
109

2467
2,783
489

2636
2,816
471

549.5
6756

'444.1
5673
689
1,125.3

27.5
441
115
89.1

17.1
467
24
91.0

317
464
100
81.1

491
39

135.3

83.3

108.3

111.1

54.8
95.8

79.5
98.1

57.1
89.1

47.3
93.2

59.6
04246

41.7
03653

38.4
03641

39.1
0 3797

842
45983
118 638
*1703
1
56,362
144 342
4293
5504
84600

232
45 873
15010
l'?05
48450
38750
5989
5988
73305

4831
1285
160
4400
3500
343
5978
65806

411
6227
65839

1019
6465
68981

334.9

305.3

24.8

23.1

236

246

283

28.0

254

234

24.2

113.8
3290

1177
6026

10.2
523

133
717

85
554

136
508

114
430

78
482

37
593

92
328

67.6
2361

582
224 1

49
189

52
190

32
173

32
175

46
18 5

46
19 5

46
187

53
186

*3699
*811.1
03

3418
834.7
03

267
702

270
662
01

187
226
0.3743

346
721
0.4455

3483
82.8
1565

4700
106.9
2254

3755

3820

431 9

3696

446 2

2925

4139

324 2

3887

377 8

3230

4280

20495
24,110

18734
19,784

1559
1,551

1735
1,722

1383
1^258

1 596
1,492

1765
1,812

1571
1,722

1586
1,814

1569
1,976

1250
1,447

1398
1,452

1665
1,828

39448

31,885

2,563

2962

2366

2,482

2,721

2,622

2,622

2,551

2,277

2,053

2,430

1098

52.1
1,070.3

o

292
73.6
(2)

156
664
0.4520

652
702
116

93.1

47.3
509
78
110.4

39.6
522
30
94.5

41.2
487
21
89.6

1172

1160

1069

1005

88.0

833

437
96.3

41 1
97.4

459
105.0

598
98.9

719
101.0

795
98.1

46.1
04098

509
04389

528
04032

54.0
03705

45.8
03388

417
03107

41.7
02967

36.8
02870

0
295
4216
2312
1 270 1025
160
85
2950
3400
2200
2500
1 180
4748
5988
3872
79352 77590

72
1089
1 150
95
3300
2500
1610
3 490
74519

441
3829
6 6917

65600

32
20

6.1
330

6.3
362

24
264

46
171

42
168

o
4359
1 345
135
4350
3200

280
772
(2)

162
663
0.4612

40.5
455
56
93.9

47.8
525
43
99.9

o
3440
1 215
'l85
3900
2900

300
644
(2)

189
689
0.4625

38.1

o
o
o
232
3261
2819
3038
3951
1 310 1 225 1 280 1 150
140
'l25
155
115
3400
4200
3950
3900
2500
3000
3000
2950
287
253
171
471
5663
5 710
5325
5563
75339 78022 79560 82147

304
724
(2)

208
705
0.4747

(2)

195
724
0.4872

245
721
0.4587

266
598
(2)

316
729
0.4615

1268
23.2
709

998
360
638

230
520
(2)

346
721
0.4259

482
34
84.4

49

3.8

789

79.3

81.2

85.7

683
92.0

700
88.4
02764

02606

162
2742

149
3145

242
55.1
(2)

367
701
0.4217

216
55.2
(2)

412
670
0.4272

02609

'

3,750
2800

214
(2)

454

193

66284

215

(2)

418

399

0.3923

0.3467

353

1137
20.2
610

1153
28.4
540

1216
1,386
1,658

1 228
1,402

1,587

1156

1157

1182

121 9

1192

1156

1126

111 7

1105

107 6

104 1

989

919

1345

1423

140 2

1409

1494

1506

1472

1479

1400

1325

1352

1309

1333

1344

1235

1312

1443

143 6

144 2

1458

1462

146 7

1474

1483

1492

1502

1516

1526

1529

1537

272
234

279
249

267
244

294
245

310
266

287
267

301
243

269
242

276
252

271
251

263
252

255
245

246
225

233
215

218
193

3 884.75 2,228.10
3 495 50 1 945 80
3 680.80 4,104.50
3,206.00 3,552.45
47497
2 873.3
869.55
66495
1 010.95
878.55
384.8

716.75
61685
991.10
824.20
427.0

179.00 253.65 136.85 167.45 150.95 157.10 135.40 112.55
162 35 20605 121.95 14570 14045 14580 11565 10105
331.95 412.95 295.35 259.60 365.35 334.60 329.75 398.60
274.10 352.45 255.95 228.35 336.05 305.70 287.35 358.85
4 155.6 3,996.2 38378 3 745.6 3 531.2 33537 3 1594 28733
50.00
4290
79.35
67.10
617.8

64.50
56.95
95.85
75.45
586.4

55.15
48.60
71.75
62.35
569.8

46.70
4295
65.80
56.05
550.7

36.35
3100
76.10
67.25
511.0

59.40
5020
72.30
60.25
498.0

60.35
5285
78.40
70.00
480.0

39.25
3290
9230
79.95
427.0

155.95 123.15 105.75 115.10
61.70
12490 11330
9020 107 55
4895
307.15 293.15 332.75 rr239.45 246.60
284.50 273.75 303.05 r 214.60 224.15
27221 25521 2325 1 2 200 8 -20158
4925
4125
7640
49.60
399.8

40.65
3590
6645
57.50
374.0

32.05
2675
7830
73.15
327.8

r
37.70
r

2995
6000
56.30
r
299.4

37.45
2675
4935
44.95
287.6

S-27

SURVEY OF CURRENT BUSINESS

July 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

1982

1981
May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

METALS AND MANUFACTURES—Continued
MACHINERY AND
EQUIPMENT—Continued
Tractors used in construction, shipments, qtrly:
Tracklaying total
units
mil $
Wheel (contractors' off-highway)
units..
mil $
Tractor shovel loaders (integral units only),
wheel and tracklaying types
. units
mil $ .
Tractors, wheel, farm, nonfarm (ex. garden and
construction types) • ship Qtrly
.
units
mil $.
ELECTRICAL EQUIPMENT
Batteries (auto.-type replacement), ship
thous..
Radio sets production total market
thous
Television sets (incl. combination models),
production, total market
.thous..
v
Household major appliances (electrical), factory
shipments (domestic and export) $
thous
Air conditioners (room)
do
Dishwashers .. ..
..
do
Disposers (food waste)
do
Ranges . ....
,.
,
do
Refrigerators
do
Freezers
..
do
Washers
do....
Dryers (incl gas)
do
Vacuum cleaners (qtrly.)
do....
GAS EQUIPMENT (RESIDENTIAL)
Furnaces gravity and forced-air shipments thous
Ranges total sales
do
Water heaters (storage), automatic, sales @
do....

16503
1 306,1
4,781
3875

4474
425.3
1,140
104.3

3848
4126
1,127
1124

9666
4669

7505
3544

39 145
9058

33732
815.0

15625
1,534.6

45480
1,697 1
146 274
3 183.4

142 831
3,519.8

50,063
28104

53,597
31 476

3488
2519

3658
22739

4037
2364

5,278
3 661

18,532

18,480

1,390

2

1,777

1,216

1,494

30260
3204
2738
2962
2530
5124
1681
4,550
3177
7,439

30,336
3692
2484
3 178
2325
4944
1561
4,365
2977
7,785

2613
477
192
253
193
428
142
346
221

3 136
653
220
230
219
542
206
402
247
1944

2683
283
190
237
200
511
227
376
243

1446
1538
2,818

1417
1496
2,785

105
123
226

108
134
235

115
110
204

4
875
4

2905
304.9

4
796
4

33271
861.0

4
7649
4

180.5

10
584
4
268.6

5,012
1814

4,897
2012

4,269
1671

1,250

1,208

1,344

86.1

93.9

4

3.611
1609

3,584
2460

1,499

1,375

1,292

2,177
361
160
214
143
324
99
347
234

2,650
572
151
272
161
343
117
383
253
1911

2,452
517
201
175
169
379
107
345
214

2,232
419
169
200
150
359
112
322
195

80
99
239

69
107
268

85
120
305

472
147
643.7

508
44
643.7

613
84
645.9

79
648.1

41
648.0

637.5

814,716 37,276 61,902 73,345 78,204 79,823 86,074 75,326 73,250 62,951 68,478
724,953 54,372 59,147 66,764 65,169 58,975 58,405 57,822 64,114
595,575 44,909 49,975 56,042 54,350 48,385 47,685 46,873 52,968 57,195 48,975
9,200
8,962 10,459 10,580 10,270 10,290 10,374 10,390
124,498
5,319
4,250
60,860
5,030
5,150
5,433
5,417
4,451
4,833
210
4,880
320
263
756
575
430
263
239
179,064 162,929 152,515 148,423 151,041 158,651 169,103 176,776 179,064
163,356 148,407 139,439 134,855 136,981 144,097 154,165 161,454 163,356 152,935 152,735
15,708 14,522 13,076 13,568 14,060 14,554 14,938 15,322 15,708
5,027
6,179
4,452
6,446
6,446
6,357
6,268
5,602
4,800
6,029 r 8,918
5,911
5,872 10,414 11,034 11,589 12,105 11,676 11,462
110,243
525.3
520.6
506.8
488.2
510.2
507.6
506.0
501.9
503.2
484.4
493.7

83,100

10,335
522.3

10,742
527.8

10,057
529.8

529.9

6,096
3233

6,201
3767

4,668
3216

1,981

1,550

1,474

2436
64
236
288
190
450
152
398
254

2357
52
202
234
176
456
111
416
293
1955

2342
90
220
331
191
383
89
612
260

1,854
94
165
197
163
272
62
267
217

1,831
163
144
206
152
264
76
246
189
1767

1,947
191
169
220
147
276
89
306
228

120
121
204

125
136
202

139
128
224

111
119
203

95
124
211

394
101
643.7

2
2

2
2

3,839
1816

2
2

PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tonsExports
do....
Price wholesale *
Index 1967—100
Bituminous:
Production t
thous. sh tons.
Consumption, total
do....
Electric power utilities
..
do
Industrial, total
do. ..
Coke plants (oven and beehive)
do....
Residential and commercial
do
Stocks end of period total
.
do
Electric power utilities
do. .
Industrial, total
do....
Oven-coke plants
do
Exports
.. .. ..
do
Price wholesale
Index, 1967—100..
COKE
Production:
Beehive and oven (byproduct)
thous. sh. tons..
Petroleum coke §
do
Stocks, end of period:
Oven-coke plants, total
do. .
At furnace plants
do
At merchant plants
do.
Petroleum coke $ ,
do....
Exports
.
do
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
numberPrice wholesale.
.. Index 1967—100
Gross input to crude oil distillation
units
mil. bbl..
Refinery operating ratio
% of capacityAll oils, supply, demand, and stocks: $
New supply total t!
• mil bbl
Production:
Crude petroleum
do
Natural gas plant liquids
do....
Imports:
Crude and unfinished oils
doRefined products
do....
Change in stocks, all oils (decrease,—)
do.,..
Demand, total
do....
Exports:
Crude petroleum
.. ..
... do ,
Refined products
do....
See footnotes at end of tables.




6,056
1,795
463.7
823,644
669,061
568,322
125,815
66,493
4,924
1
199,077
178,269
20,808
9,017
89,882
466.5

46,132
27,094

5,423
2,249
582.2

240
170
552.8

42,786
28,296 ""2,354

477
282
572.0

566
332
589.7

534
278
597.3

9,853
2,395 ""2,360 ""2,425

869
89

4,990
4,554
437
758
206

813
73

37,644
803.5

2,604
839.9

3,497
815.9

5,049.3
76

4,656.5
69

389.2
67

6,266.9

5,905.7

3,146.4
591.8

3,124.6
597.9

1,946.2
582.5
3
79.3
6,441.7
104.9
94.3

417
307
619.9

457
252
629.1

550
171
642.5

11,175
2,466 ""2,348 ""2,445

10,580
2,622

2,420

2,207

2,551

2,428

829
48

894
105

939
97

959
37

154

3,459
718.2

790
60

5,198
4,805
394
765
94

708
123

836
67

6,724
6,320
403
900
134

2,790
798,9

3,137
796.8

3,416
796.8

3,775
788.2

3,587
785.9

4,581
787.2

2,790
787.2

3,049
'770.3

3,750
745.0

3,683
718.0

381.9
68

389.9
67

409.3
71

382.5
68

383.3
67

378.2
68

395.1
69

372.9
66

325.4
65

361.7
65

353.0
66

490.4

470.5

490.7

494.2

498.2

500.5

476.2

501.3

480.2

418.6

454.9

437.5

263.4
50.2

258.5
49.3

261.1
49.5

265.9
50.5

257.6
50.9

264.8
51.6

257.8
50.1

267.3
51.1

268.7
49.2

243.3
44.0

266.5
50.1

259.6
49.3

1,642.8
540.4
68.3
6,057.2

133.5
43.3
23.5
489.5

125.2
37.4
-8.9
492.5

135.3
44.8
5.8
504.8

134.0
43.9
14.5
492.3

145.3
44.4
22.3
484.1

140.7
43.4
7.6
513.9

124.0
44.3
17.9
486.3

135.7
47.1
-17.6
535.0

118.6
43.6
-27.7
518.3

86.9
44.4
-29.5
468.9

92.7
45.6
-30.5
509.7

88.0
40.6
-51.0
505.0

83.2
133.9

9.7
8.8

3.7
8.9

8.0
9.7

6.3
13.6

5.8
9.8

7.0
15.9

8.3
12.7

5.9
14.5

7.4
18.3

8.5
14.0

10.0
17.4

5.2
18.3

8,627
7,521
1,106
3
846
2,162

6,724
6,320
403
900
1,251

27,026
556.4

3,899
718.5

SURVEY OF CURRENT BUSINESS

S-28
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

July 1982

1981
May

June

July

Aug.

1982

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
All oils, supply, demand, and stocks $—Continued
Domestic product demand, total #
do....
Gasoline
do
Kerosene
do
Distillate fuel oil .
do
Residual fuel oil
do .
Jet fuel
do
Lubricants
do
Asphalt
do
Liquefied gases
do
Stocks end of period total
do
Crude petroleum
do
Strategic petroleum reserve
do....
Unfinished oils natural gasoline etc
do
Refined products
do
Refined petroleum products: $
Gasoline (incl. aviation):
Production
mil. bbl..
Stocks end of period
do
Prices (excl. aviation):
Wholesale, regular
Index, 2/73=100..
Retail, regular grade (Lundberg/Platt's): $
Leaded
$ per gal..
Unleaded*
do
Aviation gasoline:
Production
mil bbl
Stocks, end of period
do
Kerosene:
Production . .
.
do
Stocks, end of period
do....
Price, wholesale (light distillate)
Index, 1967=100..
Distillate fuel oil:
Production
mil bbl
Imports
do
Stocks, end of period
do....
Price, wholesale (middle distillate)
Index, 1967=100..
Residual fuel oil:
Production
mil bbl
Imports
do
Stocks, end of period
do....
Price wholesale
Index 1967—100
Jet fuel:
Production
mil. bbl.
Stocks end of period
do
Lubricants:
Production
do...
Stocks end of period
do
Asphalt:
Production
. do
Stocks end of period
do
Liquefied gases (incl, ethane and ethylene):
Production total
do .
At gas processing plants (L P G )
do
At refineries (L R G )
do
Stocks (at plants and refineries)
do

6,242.4
24205
580
10490
9180
390 7
583
1424
5378
114202
*4829
1
107.8
*1920
*7453

5,840.2
24149
462
10328
7525
3686
560
1248
5422
14885
5988
230.3
1768
7129

2,394.1
^135

2,350.8
2058

190.9
2150

1878
1963

2002
1877

206.3
1906

198 1
1932

200.9
1929

198.3
2029

206.0
2058

192.3
2168

576.7

666.0

690.4

685.6

677.4

668.4

666.4

666.1

661.7

657.7

651.7

1.217
1261

4

08
27

08
27

27
126

37
12.4

45
11.1

1,044.6 1,043.2

1,042.7

1,037.9

772
36
201.2

819
34
200.0

887
29
190.2

()
(*)

487.1
471.1
479.9
472.3
468.6
491.1
465.2
514.6
492.6
446.4
482.3
481.4
207 2
205 7
211 2
2125
2005
2055
1925
2089
1705
1842
205 8
207 5
44
27
29
27
26
28
62
64
36
41
50
34
742
739
101 0
73 1
738
759
866
866
1057
89 2
893
899
573
548
598
619
563
578
563
679
666
633
593
560
318
286
31 1
337
309
29 0
29 8
307
31 2
297
30 3
300
4g
47
43
51
43
37
44
39
53
42
42
46
138
158
137
58
29
108
152
139
99
43
52
71
474
42 i
399
350
49 2
51 8
58 1
398
388
47 6
47 4
458
1 4469 1 4380 1 443 8 1 4583 1 480 7 1 4883 1 506 2 1 488 5 1 4609 1 431 4 1 400 9 1349 9
5988
5553
5499
5607
5843 '5948
6062
6122
6142 '6110
5523
5656
230.3
222.5
214.8
235.3
2485
1501
163.1
1731
184.7
1992
241.2
2555
1826
1783
1780
1768
1815
1840
1784
1854
1873
1810
1799
1835
6733
7330
7260
7129
7092
695 4
6971
7258
7400
635 2
560 4
603 1

1398
1 448

1398
1 449

1398
1450

1397
1449

1.398
1 450

11
21

13
22

12
23

11
26

128
*23

115
27

12
21

501
U1.4

436
11.1

35
12.6

31
132

28
13.2

30
13.6

863.4

1,039.8

1,084.1

1,078.9

1,067.5

1,052.6

974 1
519
1
205A

9549
610
190.2

76 1
51
171.9

750
60
180.2

745
55
186.7

823
49
200.3

1,079.8

1,076.7

27
13.8

783
39
206.8

166.3
216 1

1868
2015

183.7
1820

642.3

622.9

580.6

06
27

06
27

07
26

05
24

44
9.6

43
9.1

33
88

36
96

1,044.3 rl,034.3 1,026.6

1,007.9

r

556.9

582.7

974.7

973.1

925.0

971.6

4

()
(4)
10
26

81 1
30
166.0

685
36
146.7

71 1
15
127.7

707
18
108.8

850.6

1,058.1

1,092.5 1,092.2

5784
3436
1
91.5
9612

4803
2906
78.3
12390

349
38 1
402
367
347
379
370
364
365
382
31 8
38 6
228
162
257
254
253
240
285
254
260
282
229
252
573
701
69.3
74.8
783
53.6
78.5
800
808
798
58 1
68.2
13182 12558 12061 1 2464 1 1924 1 179 1 1 174 3 1 1809 12198 1 177 6 1 163 0 1 1790 1 1894 12272

365.6
H24

353.5
405

31.2
447

298
454

32.2
449

303
449

280
433

280
428

289
419

293
405

278
372

280
370

347
425

30.3
441

use

65.1

60.6
142

5.4
131

51
136

5.0
133

53
14 1

44
137

49
129

50
139

51
142

43
144

41
143

43
137

4.5
134

1412
X
188

1242
195

118
293

119
276

127
254

134
231

119
21 3

107
18 4

90
176

76
195

65
231

54
243

70
26 1

8.0
27 1

561.8
4409
1208
*1280

583.4
4679
1156
1370

498
398
10 1
1269

473
375
98
1327

473
378
95
1406

484
378
106
148 1

486
393
93
151 3

498
406
92
1487

500
410
9.0
1464

499
41 0
89
1370

47.9
403
7.6
1222

41.3
348
66
1135

47.2
392
8.0
1090

47.0
391
7.8
1058

(2)

303
42
261
310
9
301

319
62
257
296
10
286

316
52
264
306
22
284

1,067.8 1,056.1 1,047.5 1,060.6

1,067.8 1,058.2 1,025.3

950.0

PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
thous cords (128 cu ft )
Consumption
do....
Stocks end of period
..
do
Waste paper:
Consumption
thous sh tons
Stocks end of period
do
WOODPULP
Production:
Total all grades #
. . . . thous sh tons
Sulfate
Sulfite
Groundwood
Semichemical . .
Stocks, end of period:
Total, all mills.-.
Pulp mills
Paper and board mills
Nonpaper mills
Exports all grades total
Dissolving and special alpha
All other
Imports, all grades, total
Dissolving and special alpha
All other
See footnotes at end of tables.




.
.

3
81
3

007
79,703
6697

3

3
79 547
3

6465
6716
5123

6649
6,790
4985

6799
6,526
5464

6706
6,656
5,552

6774
6,645
5693

7206
7,058
5917

6258
6,459
5600

5972
5,658
6,045

13 523
11042

1 159
866

1204
925

1063
940

1 190
959

1 109
958

1 135
949

1016
941

966
993

(2)

51 783
1,366
39597
1,812
5038
3940

4584
125
3516
165
425
353

4398
120
3351
159
430
338

4057
102
3129
126
387
313

4513
140
3445
155
444
330

4309
102
3309
149
427
322

4459
113
3443
154
423
326

4268
129
3251
147
407
301

3590
85
2675
130
420
279

(2)

1,198
690
454
54
3
3678
784
3
2 894
3
4,086
201
3
3.885

1,088
607
430
51
363
61
302
414
26
388

1,154
614
488
53
359
70
289
349
8
341

1,224
667
497
59
237
65
172
329
25
304

1,287
730
505
52
300
65
236
323
10
313

1,141
602
485
54
347
63
284
279
24
255

1,267
745
462
60
274
62
212
406
27
379

1,341
842
443
56
267
53
1
214
318
10
308

1,198
690
454
54
315
85
230
269
8
262

(2)

79,604
6045

13 185
831

3

3

do
do....
do
do .

52 055
1418
38931
l;911
4887
3938

do....
do
do....
do
do
.. do ..
do
do....
do
do....

944
439
449
57
3
3805
769
3
3037
3
4,051
194
3
3.858

3

(2)
(2)

(2)

(*)
(2)
(2)
(2)
(2)

(2)
(2)
(2)

221
50
172
270
26
244

326
69
257
302
8
294

S-29

SURVEY OF CURRENT BUSINESS

July 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

1982

1981
May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

June

PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades total unadjusted
thous sh tons
Paper
do
Paperboard
do
Wet-machine board
.,.„
..
. ..do
Construction paper and board
do
Producer price indexes:
Paperboard
1967= 100..
Building paper and board
do....
Selected types of paper (API):
Groundwood paper, uncoated:
Orders new
thous sh tons
Orders 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
.,
doShipments
do
Unbleached kraft packaging and industrial
converting papers:
Shipments
thous sh
Tissue paper production
Newsprint:
Canada:
Production
thous metric
Shipments from mills . . .....
..
Stocks at mills end of period
United States:
Production
Shipments from mills .
Stocks at mills end of period

66 439
30669
31561
160
3846

5757
2591
2 745
15
360

5724
2622
2*734
11
357

5347
2 451
2543
12
342

5653
2603
2705
14
332

5548
2556
2688
14
290

5592
2676
2629
14
273

5252
2500
2497
9
247

4693
2309
2177
9
197

234.6
206.2

258.1
2317

258.8
2373

259.2
2374

259.4
235.5

260.6
2342

261.6
234.2

261.7
233.3

261.6
232.1

260.0
230.3

259.7
233.8

1 475
110
'1498

"1 434
' r 99
rl
l 447

128
117
121

107
106
120

125
119
111

130
122
126

118
134
110

117
117
133

95
90
116

122
112
113

113
89
110

*4753
391
4673

rl

405
320
411

406
313
411

407
341
387

424
340
422

409
317
434

448
324
439

396
319
399

363
308
389

397
343
404

X

rl

7 726
ng 225

698
731

612
695

639
645

633
675

627
688

677
713

570
655

592
599

628
676

13 891
4 495

342
386

317
374

298
347

330
395

318
372

311
390

326
373

269
350

311
355

7694
ig326

4r853
360
14949

tons
do

13930
14375

tons
do
do

8625
8622
165

8946
8915
194

770
744
251

748
776
223

726
738
211

677
652
236

707
708
235

815
795
255

769
773
252

743
800
194

do
do
do

4239
4234
21

4753
4735
38

10 165

404
395
39
814

405
401
43

10089

402
400
30
897

791

426
421
48
827

400
410
38
839

420
417
41
922

412
407
46
914

732
7279

961
6977

847
622

902
568

952
568

928
502

944

959
649

947

513

308 1

301 9

301 9

309 3

316 8

20486

20434

21094

Consumption by publishers
ft
do
Stocks at and in transit to publishers, end of
period
thous metric tons
• Imports
thous sh tons
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
Index 1967—100
Paper products:
Shipping containers, corrugated and solid fiber
shipments
mil so. ft surf area
Folding paper boxes shipments

65834
30 164
31 143
138
4390

thous sh tons
mil. $..

3

2793

241 377

rl

3

244 429 19 938

20933

(5)
(5)
(")
(5)
(5)

783
671
304

261.4
231.4

261.1
237.5

261.2
235.5

258.8
239.5

112
r
95
108

121
r
97
124

142
115
122

122
114
119

407
332
437

r
407
r
345
r

384
303
410

r
713
r

r
637
r

608
659

288
359

270
390

694
703
327

743
718
353
385
376
86
885

r

411
361
389

r

612
658

r

324
365
719
709
326

r

745

343
405

r

760
750
336

409

688

r

r

r

r

359
367
38
892

415
406
46
*790

378
376
48
r
775

420
413
55
r
868

396
374
76
863

624

961
557

981
585

1038
524

1068
608

1 045
503

1011
620

316 8

3168

3168

3168

*318 1

318 1

3300

3240

21867

18189

17 600

18961

18638

21218

19941

18720

49.68
130.51

42.56
14243

54.59
13836

53.56
13439

54.40
6700

5623

50.99
0488

45.71

5386

5619

0456

4913
0483

51.64
138.02
5933
0465

0470

0453

0453

r

255.9
239.4

3210

(2)
2

f )

RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
,
Stocks end of period

thous metric tons..
do

Imports incl latex and guayule

thous Ig tons

586 15
12667
59831
4
0730

63467
14243
66241
4Q576

Price wholesale smoked sheets (N Y ) $ per Ib
Synthetic rubber:
Production
,
,, thous metric tons.. 2 015 24 2,021 45
Consumption
..
..
do
1 854 01 1 889.71
Stocks end of period
do
Exports (Bu of Census)
.. thous Ig tons
TIRES AND TUBES
Pneumatic casings, automotive:
Production....,
,
,, .... ..thous.
Shipments total
Original equipment
Replacement equipment
Exports
Stocks end of period ..
Exports (Bu of Census)
imer tubes, automotive:
Exports (Bu. of Census)
See footnotes at end of tables.




,

.,

do
do....
.. do
do
do.
do
do....

34177
42278

34902
33463

5636
11353
4159
0560

51.07
11122
4340
0540

5213
11437
6276
0504

5732
12297

0580

5952
11951
5047
0570

175 92
167 10
36829
3200

15818
15413
35979
2855

161.50
14469

159.72
16499

168.90
15672

157.68
14113

125.51
131.88

140.49
143.09

145.76
138.94

170.32
149.88

154.86
13463

36944
2627

35340
21.97

33347
2440

169.98
163.75
35257
23.94

36438
22.49

34902
21.65

34036
2776

340.43
23.46

35630
31.18

37691
2653

2473

15406
19324
4,538
14290
496
38570
1 040

14277
17380
3,026
13901
453
37 116
830

14,902
17583
2,813
14407
363
36,709
1 134

15851
17982
3,123
14 503
356
36,088
725

16534
18 179
3537
14 168
474
36556
653

13,750
13992
2,758
10823
411
41 112
990

11,855
13544
2,363
10,820
361
40,863
485

14,866
14 144
2478
11365
301
42904
385

15,387
13704
2,769
10573
362
46254
461

17,051
17312
3,697
13 216
399
47,817
614

15,077
17676
3,679
13.652
345
46,583
454

14,856
18216
3,970
13,989
257
45,337
463

350

337

259

268

208

231

141

151

254

174

102

5393
12405
6636

159,263 181762 15 157
177 063 201 105 18
048
40227
41711 r4346
131 271 153 716 13 226
476
5565
5678
33298
40,863 '43,480
9058
11088
1072
4,557

3,428

252

250

6942

0461

S-30

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
hi the 1979 edition of BUSINESS STATISTICS

1980

1981

Annual

July 1982
1982

1981
June

May

July

Aug.

Sept.

Nov.

Oct.

Dec.

Jan.

Feb.

Mar.

Apr.

25,729

28,213

305.6

309.8

May

June

STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
.. .. thous. bbl.. ^04,569 rl382,452
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
5,199.9
mil. standard brick.. 6,090.1
Structural tile, except facing
thous. sh. tons101.5
91.9
Sewer pipe and fittings, vitrified
do....
758.7
462.2
Facing tile (hollow), glazed and unglazed
45.4
35.3
mil. brick equivalentFloor and wall tile and accessories, glazed and
unglazed....
mi so ft
297.6
287.8
Price index, brick (common), f.o.b. plant or N.Y.
dock
:
1967=100..
280.8
300.2
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments.....
,... thous. $.. 868,459 952,283
Glass containers:
Production....
thous. gross.. 327,022 321,439
Shipments, domestic, total $ .. .......
do . 323,816 316,618
Narrow-neck containers:
Food
,
..
do .
24,808
28,682
Beverage
do.,..
61,032
60,487
Beer . . . .
do
122,678 113,066
Liquor and wine..,..
do....
24,007
24,574
Wide-mouth containers;
Food and dairy products
thous gross .
61,212
62,417
Narrow-neck and wide-mouth containers:
5
Medicinal and toilet
.. .
do....
26,250
25,270
5
Chemical, household and industrial
do....
2,689
3,262
Stocks end of period
do
46,676
46,683
GYPSUM AND PRODUCTS
Production:
Crude gypsum (exc. byproduct) .... thous. sh. tons.. 11 12,376
11,434
Calcined
do
11,848
11,359
Imports crude gypsum
.
do
7,365
7,593
Sales of gypsum products:
Uncalcined
... ,
do....
*5,544
H,904
Calcined:
Industrial plasters ...
do
409
'370
Building plasters:
Regular basecoat
.
do
217
*225
All other (incl. Keene's cement)
do.,..
161
157
Board products, total
,
mil. sq. ft..
14,131 43,759
Lath
do
78
59
Veneer base
.
.. ., do
339
325
Gypsum sheathing
,
,
do.,..
190
208
Regular gypsum board
do....
9,923
^,295
3,266
Type X gypsum board
do
3,446
Predecorated wallboard . ..
do ...
105
122
4
229
5/16 mobile home board
do
304

34,181

38,074

38,872

37,489

37,303

36,266

29,590

23,495

15,149

17,755

501.1
8.8
38.9

484.1
6.8
35.8

477.3
7.0
42.8

445.4
6.0
42.6

440.6
7.3
41.1

431.3
10.6
41.7

352.6
6.1
30.9

276.7
5.1
21.9

176.7
3.2
14.9

213.7
2.7
13.4

3.0

3.6

3.2

2.7

3.0

3,2

2.4

2.6

1.8

1.6

24.1

24.5

25.6

25.2

25.3

23.7

21.5

22.8

20.7

20.7

301.3

302.4

302.8

302.8

303.2

303.1

303.8

303.8

303.8

248,658

243,260

r

304.2

194,972

226,926

28,209
26,817

29,532
30,223

27,751
29,172

29,449
27,342

25,943
26,478

29,305
25,865

23,849
23,823

19,912
23,600

2,426
5,188
10,625
1,840

2,675
6,476
11,327
2,146

2,589
6,325
11,459
1,795

2,727
5,724
9,657
1,827

2,812
4,809
8,733
1,937

2,297
4,596
8,487
2,124

1,928
4,454
8,175
1,893

4,627

5,165

4,904

5,247

5,616

5,955

5,214
5

24,442
24,626

26,095
23,213

1,968
4,488
8,208
1,832

2,517
3,668
8,535
2,076

2,208
4,082
8,450
1,511

5,019

5,485

4,899

6

r

29,204
27,344

26,671
26,190

2,579
5,285
9,503
1,894

2,488
5,156
9,495
1,841

'5,752

4,988

r

r

r

2,203
128
50,405

2,069
153
50,959

844
688
397

820
919
405

886
971
218

308

294

277

327

26

25

26

30

40

15
10
955
3
21
15
629
258
10
19

16
10
965
4
22
15
633
259
10
23

17
9
876
3
18
15
564
236
9
31

21
13
1,087
4
25
18
704
286
11
39

16
7
1,100
3
24
20
716
286
10
41

828
236
391
794
334
459
642
343
301

3
657
3
255
3

402
740
317
423
601
326
275

541
205
336
111
327
450
653
337
316

602
233
368
798
359
438
650
343
307

3
763
3
304
3

378

391

3

12567
12566
2,257
9488
821

11 424
11 422
1,810
8,729
883

1,889
222
51,053

2,172
262
50,255

1,902
198
48,478

1,941
219
49,633

2,339
232
48,163

2,172
234
50,420

2,041
5
118
50,278

1,947
138
46,683

977
1,067
715

1,008
976
710

1,054
838
812

891
986
630

1,030
970
642

866
924
623

924
778
703

862
825
500

441

487

411

435

521

452

419

448

32

36

32

29

31

36

29

16
15
1,102
4
26
19
740
271
11
31

16
14
1,164
5
29
17
782
292
11
28

20
13
1,234
5
32
19
827
313
11
27

19
12
1,146
5
27
17
763
295
11
28

19
13
1,127
4
27
19
748
291
10
28

21
12
1,133
4
25
17
752
297
10
28

18
9
982
4
21
15
655
258
9
20

2,215
130
46,462

r

784
872
375

1,948
115
49,124

r

r

TEXTILE PRODUCTS
FABRIC
Woven fabric, finishing plants: *
Cotton
,.
... , ..
Manmade and silk fiber
Inventories held at end of period ...
Cotton
,

do
do
do
do

Backlog of finished orders
do
Cotton
do
Manmade and silk
fiber
do
COTTON
Cotton (excluding linters):
Production:
Ginnings U
.,
thous. running bales
Crop estimate
thous net weight bales §
Consumption
thous running bales
Stocks in the United States, total, end of period #
thous running bales
Domestic cotton total ..
...... do...
On farms and in transit
do....
Public storage and compresses
do
Consuming establishments ,
do....
See footnotes at end of tables.




8 420
3,'531
4990
769
339
430
8495
4577
4219

2
10,826
2

11 122
6135

9261
9,260
2,502
5927
831

686
267
419
111
341
436
839
446
393

3
663
3
335
3

150
15 646
5409

441

8

13777
13776
3,752
9268
756

4109
4 108
278
2808
1,022

8 176
3212
5 163
740
317
423

9018
4711
4307

528
730
315
415
761
375
386

2
15
2

519
188
331
747
318
429
770
376
394

659
251
408
789
325
464
745
369
376

3
609
3
306
3

715
364
351

668
256
412
780
329
451
687
348
339

44

427

1725

5539

10 157

517

448

403

13,502
15570
MOO

16327
16326
13,692
1940
694

15628
15627
10,906
4059
662

14907
14907
7,170
7064
673

13777
13776
3,752
9268
756

531

385

429

3217
3216
81
2202
933

2595
2,594
25
1,687
882

16970
16,969
14,669
1491
809

502
776
333
443

3

459
784
362
422
666
363
303

493

404

10060
10058
1,221
7921
916

8981
8,980
962
7 113
905

310.9

311.4

SURVEY OF CURRENT BUSINESS

July 1982
Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

S-31
1982

• 1981

Annual

May

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

May

TEXTILE PRODUCTS—Continued
COTTON AND MANUFACTURES-Cont.
Cotton (excluding linters)—Continued
Exports
...
thous. running bales..
Imports
thous net-weight bales §
Price (farm), American upland fl cents per lb..
Price, Strict Low Middling, Grade 41, staple 34
(1-1/16"), average 10 markets
cents per lb..
Spindle activity (cotton system spindles):
Active spindles, last working day, total
milConsuming 100 percent cotton
do....
Spindle hours operated, all fibers, total
bil..
Average per working day
do....
Consuming 100 percent cotton
do ...

8,021
17
54.5

458
0
72.5

320
(6)
71.2

264
0
70.4

990
(6)
65.0

261
f
58.0

262
0
62.3

478
0
60.1

737
1
51.2

653
0
49.9

754
0
48.4

873
(6)
50.1

676
4
53.5

53.6

3

3

83.0

78.5

78.1

75.1

66.5

60.8

60.6

57.5

55.1

57.8

57.3

59.7

62.3

62.4

15.9
6.0
102.4
0.388
42.0

15.4
5.5
91.8
0.357
33.6

15.6
5.8
7.4
0.371
2.7

15.6
5.7
4
8.9
0.358
4
3.2

15.6
5.7
6.8
0.339
2.4

15.6
5.6
7.3
0.363
2.5

15.5
, 5.5
8.9
0.358
4
3.1

15.4
5.4
7.4
0.371
2.6

15.3
5.5
7.0
0.349
2.5

15.4
5.5
4
6.9
0.278
4
2.5

15.4
5.5
6.5
0.327
2.3

15.3
5.5
6.8
0.339
2.4

15.4
5.5
4
8.3
0.334
4
3.0

14.1

13.8

13.6

18.4

14.6

14.4

12.7

12.8

14.6

14.5

12.3

4.2

5.6

5.2

5.3

6.0

5.5

5.6

5.8

6.4

6.7

6.5

6.9

0.29

0.40

0.38

0.39

0.33

0.37

0.39

0.46

0.50

0.46

0.45

0.56

540.2
567.0

345.6
766.3

30.9
56.8

30.8
61.3

21.7
58.0

25.9
62.3

25.8
62.9

27.5
71.8

26.6
66.7

21.9
58.9

18.2
66.5

18.6
55.1

308.5
443.3

257.0
460.6

3,725.3
4,148.2
867.3

3,792.8
4,191.1
1,041.1

mil lb
do....

18.4
27.2

14.3
31.1

12.1
23.7

126
27.3

14.3
31.1

13.5
38.2

do....
do
do....

289.3
287.0
104.1

337.0
327.8
146.2

291.9
312.9
87.9

3344
3366
121.0

337.0
329.8
146.2

330.7
3403
151.8

11,448.7
3,911.4
503.9
535.0
6,431.4
584.1
4,517.0
1,002.2

=

2,903.1
9956
127.7
130.0
1,619.8
1760
1,097.2
251.3

2,890.9
979.0
127.8
137.5
1,611.3
142.0
1,121.5
265.2

2,764.9
9009
120.3
125.7
1,596.3
92.0
1,182.6
2394

11,488.7
39114
503.9
535.0
64314
5841
4,517.0
10022

0.576

0.574

Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
mil. sq. yd..
Orders, unfilled, end of period, compared with
avg. weekly production
no. weeks' prod..
Inventories, end of period, compared with
avg. weekly production
no. weeks' prodRatio of stocks to unfilled orders (at cotton
mills) end of period
Exports, raw cotton equiv. thous.
net-weight §
bales
Imports, raw cotton equivalent
do....
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Filament yarn (acetate)
mil lb
Staple incl. tow (rayon)
do....
Noncellulosic, except textile glass:
Yarn and monofilaments
do....
Staple incl tow
. . ..
do ..
Textile glass fiber
do....
Fiber stocks, producers', end of period:
Filament yarn (acetate)
Staple incl. tow (rayon)
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
Staple incl tow
Textile glass fiber

'7,975
16
74.4

71.5

15.8
5

5

Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total #
mil. sq. yd.. 10,774.1
Filament yard (100%) fabrics #
do.... 3,980.6
Chiefly rayon and/or acetate fabrics
do....
Chiefly nylon fabrics
do
Spun yard (100%) fab., exc. blanketing # .. do.... 5,899.6
Rayon and/ or acetate fabrics, blends
do....
430.2
Polyester blends with cotton
do.... 4,342.9
Filament and spun yarn fabrics
do •
763.8
Manmade fiber gray goods, owned by weaving
mills:
Ratio, stocks to unfilled orders, end of period
Prices, manufacturer to mfr., f.o.b. mill:
50/50 polyester /carded cotton printcloth, gray,
48", 3.90 yds./lb., 78x54-56
$ per yd..
0.510
Manmade fiber manufactures:
Exports manmade fiber equivalent
mil Ibs
Yarn, tops, thread, cloth
do....
Cloth woven
do
Manufactured prods., apparel, furnishings do....
Imports, manmade fiber equivalent
Yarn tops thread cloth ....
....
Cloth, woven
Manufactured prods., apparel, furnishings
Apparel, total
..;
Knit apparel

do....
do
do....
do....
do....
do

WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apparel class
mil lb
Carpet class
do. ..
Wool imports clean yield
do
Duty-frpe (carpet class)
do
Wool prices, raw, shorn, clean basis, delivered to
U.S. mills:
Domestic—Graded territory, 64's, staple 2-3/4"
and up
. cents per lb
Australian, 64's, Type 62, duty-paid
do....
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. sq. yd..
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments, quarterly
mil. sq. yds..

971

3,888
5

771.54
418.64
249.77
352.91
540.64
97.48
67.28
2
443.15
378.52
187.74

75.0
114.1

"i.'.".'.':;.'.'

971.3
1,051.3 •"••""'••'•
280.6

=

58705
27.53
18.20
30.51

58.78
28.13
18.71
30.66

47.59
24.03
15.84
23.56

49.70
24.24
15.75
25.47

57.83
13.11
9.34
44.72
36.66
16.95

58.01
11.34
8.59
46.67
41.06
17.68

66.66
12.43
9.25
54.23
48.44
21.52

69.32
12.05
8.98
57.27
49.85
21.90

113.4
10.0
56.5
26.0

127.7
10.5
75.3
26.1

10.2
0.8
8.6
2.4

12.8
4
0.9
4.9
2.1

8.4
0.8
6.5
2.8

10.1
1.0
5.3
2.5

5
2.45
5

5
2.78
5

2.78
3.16

2.83
3.19

2.83
3.23

3.16

4

2.83
3.20

46.95
23.16
15.51
23.79

67.24
12.33
8.46
54.92
47.43
22.75

49.12
10.56
8.02
38.56
31.96
12.63

11.4
4
1.1
3.7
1.6

9.4
1.1
6.0
1.8

9.4
0.7
5.1
2.0

2.83
3.16

2.83
3.16

4

2.83
3.17

38.08
19.00
12.74
19.09
39.51
7.71
5.83
31.80
25.97
8.64

4

11.2
4
1.0
5.3
2.0

2.83
3.12

193.3

56.5

40

374

1,082.2

1,063.5

298.4

270.9

235.6

16,808
179,401
18,162
70,152
26,704

14,845
136,176
13,605
91,025
30.322

APPAREL
Women's, misses', juniors' apparel cuttings:
Coats
thous. unitsDresses
.. ......
do....
Suits (incl. pant suits, jumpsuits)
do....
Skirts
...
do
Blouses
thous. dozen..
See footnotes at end of tables




1,474
11,935
1,159
7,914
2,461

1,552
12,079
1,233
8,909
2,429

1,374
10,218
1,152
6,827
2,449

1,633
11,439
1,218
7,342
2,617

1,515
11,238
1,196
6,907
3,077

2.5

1,419
9,961
1,026
7,035
2,641

849
8,152
939
6,461
2,178

639
8,015
813
5,192
2,097

45.4

52.9
95.4

834.2
940.8 •••••••••'••"
263.2

50.98
24.60
15.97
26.38

48.77
22.74
13.84
26.02
56.77
10.05
7.77
46.72
40.84
17.30

20.4
47.4

548
111.7

65.8
118.5

1,009.6
1,116.0
260.2

5.5

993

953

637.73
318.89
208.48
318.84
639.08
130.52
95.38
508.56
434.87
184.70

3.09

r4

785.4
864.6
206.9

34.90
16.20
9.72
18.70
53.18
10.88
7.74
42.30
36.48
12.46

38.35
17.13
10.13
21.22
48.07
8.73
6.58
39.34
33.95
11.22

9.4
0.7
8.0
2.1

9.6
0.9
6.3
1.6

2.75
3.01

2.63
3.03

39.72
18.10
11.48
21.61
47.74
9.33
6.82
38.41
32.29
10.55

35.96
15.67
10.59
20.29
40.14
9.58
6.79
30.56
25.39
8.56

4

12.9
4
1.0
6.6
1.8

4.9
2.0

2.44
3.13

2.40
3.23

2.40
3.36

June

S-32

SURVEY OF CURRENT BUSINESS

Unless otherwise stated in footnotes below, data
through 1978 and descriptive notes are as shown
in the 1979 edition of BUSINESS STATISTICS

1980

1981

1982

1981
May

Annual

July 1982

June

July

Aug.

Sept.

Oct.

Nov.

Dec.

Jan.

Feb.

Mar.

Apr.

25,065

21.634

23,902

23,898

774.2 1,122.0
3993 r5857
809
369

841.6
4270
412

May

June

TEXTILE PRODUCTS—Continued
APPAREL— Continued
Men's apparel cuttings:
Suits
thous. units..
Coats (separate) dress and sport
do
Trousers (separate), dress
do....
Slacks (jean cut) casual
do
Shirts dress and sport
thous doz
Hosiery, shipments
thous. doz. pairs..

14,074
16906
124 Oil
253 640
40988
286,379

14,686
14 686
175 445
38112
304,826

1367
1393
1 444 1S75
11516 11071
14 190 14 135
3378
3327
25.192 26.405

911
1 186
7857
13663
2663
30,233

1,252
1,294
1 448 1801
11930
12443 17894
3 107
3198
26,850 26.448

1,367
1682

1227
1433

1 139
1312

13 360
3' 107
27.141

10 052
2*864
24.125

10178
2441
19,796

TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly, total @
mil. $..
U S Government
do
Prime contract
do....
Sales (net) receipts or billings qtrly total
do
U S Government
do....
Backlog of orders, end of period #
do....
U S Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units and parts
mil $
Other related operations (conversions, modifications) products services
mil $
Aircraft (complete);
Shipments $$
do
Airframe weight # #
thous Ib
Exports commercial $$
mil $
MOTOR VEHICLES (NEW)
Passenger cars:
Factory sales (from U.S. plants), total
Domestic
Retail sales, total, not seasonally adj t
Domestics §
Imports §
Total seas adjusted at annual rate t
Domestics §
Imports §

Registrations fl total new vehicles
Imports, incl. domestically sponsored

76814
41 144
74782
68589
32523

18298
9747
17878
17577
7884

16,917
8582
16501
16636
8,126

98742
45821
48 246
13890

96132
41876
49989
12497

96,413
42332
49 129
13422

8572

9016

8652

8609

9016

14 554

11 536

12593

14554

8124 13295
5299
8413
608
804

8518 1 1302 16621
7331 10 177
5373
476
952
538

3

513
472
707
497
209
8.2
59
2.3

345
313
801
602
199
10.0
r
78
2.2

522
487
687
519
168
88
67
2.1

520
486
649
492
157
r
74
r
53
21

425
394
585
432
152
r
7.7
54
23

370
344
523
358
165
72
r
49
23

273
256
535
368
166
r
79
r
54
25

320
302
632
457
175
r
8.4
r
62
r
2.2

224

1,665
1512
r
33
57.84
5187
282.4
598
747
223

1,675
1630
3.3
49.85
45 96
250.1
410
690
207

1,486
1614
r
2.5
31.79
2900
259.2
338
721
206

1,427
1500
r
27
37.99
3408
173.7
437
763
209

1,481
1528
35
35.22
2841
236.0
488
654
182

1,490
1494
33
29.73
2495
237.3
589
614
169

1,471
1495
r
37
29.18
2237
233.7
457
612
184

1,432
1383
r
31
17.27
1342
259.9
37 1
509
159

1,325
1241
r
2.4
23.87
1946
195.9
580
546
164

159
139

180
161

127
111

87
75

130
115

165
152

123
112

127
115

116
108

144
133

197
184

183
169

157.3
6.3
11.6

152.1
5.2
11.5

141.9
6.3
12.0

164.1
6.1
12.8

150.3
5.9
13.3

127.2
4.9
11.4

130.8
4.3
11.2

114.2
5.3
13.6

173.4
3.8
14.6

182.0
3.2
12.2

196.0
3.1
12.5

165.6
3.6
13.1

198.5
4.6
12.2

154.1
4.0
11.6

546.4
1781

559.0
1744

576.5
1238

523.9
11 19

516.2
11.16

548.2
11.95

547.5
1077

575.5
897

517.0
822

492.4
11.46

473.9
12.68

510.6
12.37

521.5
12.89

566.0

7287

6824

64.05

67.49

64.53

78.55

69.97

72.29

74.80

57.15

82.00

73.68

71.63

198

201

194

196

171

169

180

156

171

208

219

226

9,779 10,540 11,060
7378
6,854
6,061
340
387
542
r
r
r
679
530
510

r
9,408
r

r
9,628
r

8,535
6,209
2326

734
524

1,520
1440

1,471
1495

1,472
1374

29
538.12
47075
3,000.8
5623

r

thous..
do
do....
do

26
607.80
509 13
3,310.7
5948

r

do
do....

8761
2,469

8444
2,432

Freight cars (revenue), class 1 railroads (AAR): $
Number owned end of period
thous..
Held for repairs, % of total owned
Capacity (carrying) total end of mo
mil tons
Average per car
.....tons..




712
652
724
518
206
r
78
r
55
r
23

8,979
6,581
2398

Freight cars (new), for domestic use; all railroads
and private car lines (excludes rebuilt cars and
cars for export):
Shipments
.
number
Equipment manufacturers
do....
New orders
do
Equipment manufacturers . . . ..
. do
Unfilled orders end of period
do....
Equipment manufacturers
do....

See footnotes at end of tables.

7626
5 180
413

670
608

Trucks and buses:
3
1,667
Factory sales (from U.S. plants), total
thous..
1,700
1464
1513
Domestic
.
do....
Retail sales, seasonally adjusted: t
5
5
Light-duty, up to 14,000 Ibs. GVW
do.... 1,963.5
1,746.6
5
5
92.3
Medium-duty, 14,001-26,000 Ibs. GVW
do....
73.9
5
5
175.7
Heavy-duty, 26,001 Ibs. and over GVW
do....
151.7
Retail inventories, end of period, seasonally
5
559.4
adjusted 1"
thous.. 4 5574.0
190 32
170 51
Exports (BuCensus) assembled units
do
Imports (BuCensus), including separate chassis
a n d bodies
. . . . . thous 1 133 28 826 77
Registrations, fl new vehicles, excluding buses not
2,477
produced on truck chassis
thous..
2,185
Truck trailers and chassis, complete (excludes
1
17,635
detachables) shipments
number.. 136,702
r
r
Vans
. .
.
. ...
do
86248
70 928
Trailer bodies (detachable) sold separately
do
11 849
7239
r
Trailer chassis (detachable), sold separately
do....
14,202
8615
RAILROAD EQUIPMENT

1
85
1

920
80,357
*43 955
MO 140
52,370
47,866

1,168
8.8
9256
79.24

210
r
80
57
r
23

29

63.81
5832
254.1
560

731

r
9991
r

190
r

r

5804
1072
r
950

11 325
6710
696
r
744

44 901
'41,435
17 916
17288
16,485
14,819

4 143
3,779
1791
1791
35,588
32,900

3781
3,442
1 155
927
32,321
29,744

2,983
2,864
1315
1,315
26,267
23,809

3184
2,971
798
798
23,648
21,403

3529
3,299
1743
1743
21,852
19,837

2900
2,656
1013
638
18,831
16,685

1,111
6.9
8937
80.43

1 143
8.1
9118
79.75

1 137
7.7
9067
79.78

1,130
7.7
90.32
79.92

1,124
7.6
89.92
80.00

1,122
7.2
89.83
80.08

1,119
7.2
90.00
80.41

X

7083
4 187
504

14924
9312
916

13 043 1 14 041 1 13305
97068
92788
9239
8250
8551
746

6,225
5749

do....
do....
do
mil..
do
do....

20,746
12547
20 100
18 417
9,058
98,742
45821
48246
13890

10330

6,400
5840

thous..
do

Retail inventories, end of period, domestics: t
Not seasonally adjusted
thous..
Seasonally adjusted §
.. .
do
Inventory-retail sales ratio, domestics § t
Exports (BuCensus), assembled cars
To Canada
Imports (BuCensus), complete units # #
From Canada total

70409
33497
68407
58440
26674
90,517
37200
47 186
11595

8,922
4,826
459
r
527

469
431
111
576
201
r
7.7
r
56
r
2.0

1,247
1 171
r
2.5
40.21
3603
285.7
70.4
626
176

488
441
669
499
170
r
7.3
r
54
1.8

453

2

564

774
584
190
8.2
r
62
2.0

1,256
1,213
1 187 1 143
r
r
2.2
2.6
45.70
49.59
4255
4572
249.2
309.5
732
712
708
672
189
186
2

193

5611
336
r
561

7,476
4,327
252
449

8,418
4928
203
564

r
9,903
r
6,355
r

429
817

8,395
5,280
440
846

2063
1,839
860
860
17,724
15,802

2711
2,455
1811
1811
16,485
14,819

1995
1,833
815
815
14,735
13,231

1762
1,526
753
753
13,486
12,218

2 247
2,032
1485
1,485
12,599
11,546

2443
2,265
539
539
10,560
9,685

1792
1,694
487
487
9,253
8,478

1,116
7.0
8964
80.30

1,111
6.9
8937
80.43

1,110
7.0
8932
80.48

1,105
7.4
89.02
80.58

1,100
7.6
88.76
80.71

1,095
7.6
88.48
80.84

1,083
8.0
88 19
80.92

6 109
404
r
817

2

514

651
452
199
6
7.0
6
48
6
2.2
6

1,364
1239
6

31

2

215

S-33

SURVEY OF CURRENT BUSINESS

July 1982

FOOTNOTES FOR PAGES S-l THROUGH S-32
General Notes for all Pages:
r
p
e
c

Revised,
Preliminary,
Estimated,
Corrected.

PageS-l

Page S-8

t Revised series. See Tables 2.6 - 2.9 in the July 1982 SURVEY for revised estimates back to
1977. Pre-1977 estimates are available in The National Income and Product Accounts of the
United States, 1929-76: Statistical Tables.
$ Includes inventory valuation and capital consumption adjustments.
* New series. Detailed descriptions begin on p. 18 of the Nov. 1979 SURVEY. See note "t"
for this page for information on historical data.
§ Monthly estimates equal the centered three-month average of personal saving as a percentage of the centered three-month moving average of disposable personal income.

1. Advance Estimate.
If Home mortgage rates (conventional first mortgages) are under money and interest rates
on p. S-14.
§ Data include guaranteed direct loans sold.
$ Effective April 1982 SURVEY, wholesale trade data have been revised for Jan. 1972-Dec.
1981. Revised data are available upon request.
t Effective April 1982 SURVEY, retail trade data have been revised for the years 1972-1981.
Revised data and a summary of the changes are available from the Census Bureau,
Washington, D.C. 20233.
# Includes data for items not shown separately.

PageS-2
1. Based on data not seasonally adjusted.
* Includes data not shown separately.
t Revised series. For wholesale see note "$" for p. S-8. For manufacturing see note "t"
for p. S-3. For retail see note "t" for p. S-8.
t See note "t" for p. S-3.
§ See note "t" for p. S-8.
@ See note "$" for p. S-8.
* New series. Data back to 1967 are available from the National Income and Wealth
Division, Bureau of Economic Analysis.

Page S-3
I Revised series. For wholesale see note "$" for p. S-8. For manufacturing see note "t"
for this page. For retail see note "t" for p. S-8.
t Revised series. Data have been revised back to 1972. A detailed description of this
revision and historical data appear in the report "Manufacturers' Shipments, Inventories,
and Orders" M3-1.10 (1972-1980), available from the Bureau of the Census, Washington,
D.C. 20233.
§ See note "f" for p. S-8.
@ See note "$" for p. S-8.
* New series. Data back to 1967 are available from the National Income and Wealth
Division, Bureau of Economic Analysis.
#• Includes data for items not shown separately.

PageS-4
1. Based on data not seasonally adjusted.
t See note "t" for p. S-3.
# Includes data for items not shown separately.
$ Includes textile mill products, leather and products, paper and allied products, and
printing and publishing industries; unfilled orders for other nondurable goods industries are
zero.
II For these industries (food and kindred products, tobacco, apparel and other textile products,
petroleum and coal, chemicals and allied products, and rubber and plastics products) sales
are considered equal to new orders.

PageS-5
1. Based on unadjusted data.
t See note "t" for p. S-3.
@ Compiled by Dun & Bradstreet, Inc.
#• Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
1f Revisions, back to 1975 for some commodities, are available upon request.
$ See note "$" for p. S-4.

PageS-6
§ For actual producer prices of individual commodities see respective commodities in the
Industry section beginning p. S-19. All data subject to revision four months after original
publication.
t Revised series. Stage-of-processing producer price indexes have been revised back to
1976 to reflect updated industry input-output relationships and improved classification of
some products.
# Includes data for items not shown separately.
$ Effective Feb. 1982, data have been revised back to 1977 to reflect new seasonal factors.

PageS-7
1. Computed from cumulative valuation total.
2. Index as of July 1, 1982: building, 330.6; construction, 357.9.
# Includes data for items not shown separately.
§ Data for Apr., July and Oct. 1981, Jan. and Apr. 1982 are for five weeks; other months
four weeks.
378-127 O - 82 - S3




PageS-9
1. Advance estimate.
2. Effective Jan. 1979 data, sales of mail-order houses are included with department store
sales.
3. As of July 1.
# Includes data for items not shown separately.
$ Revisions for Jan. 1977-Oct. 1979 appear in "Current Population Reports," Series P-25,
No. 870, Bureau of the Census.
11 Effective with the February 1982 SURVEY, the labor force series have been revised back
to 1970 to reflect the 1980 Census of Population. Seasonal adjustment factors were revised
accordingly. Revised monthly series appear in the February 1982 issue of Employment and
Earnings. Revised annual series will appear in the March 1982 issue of Employment and
Earnings, U.S. Department of Labor, Bureau of Labor Statistics.
* New series. The participation rate is the percent of the civilian noninstitutional population in the civilian labor force. The employment-population ratio is employment as a percent
of the total noninstitutional population, 16 years and over.
f See note "t" for p. S-8.

PageS-10
t Effective June 1982 SURVEY, data have been revised back to 1977 based on March 1981
benchmark levels and updated seasonal adjustment factors. See "BLS Establishment Estimates
Revised to March 1981 Benchmarks," in the June 1982 issue of Employment and Earnings.
Effective July 1981 SURVEY, data have been revised back to 1974 to reflect new benchmarks
and new seasonal adjustment factors. See "BLS Establishment Estimates Revised to March
1980 Benchmarks," in the July 1981 issue of Employment and Earnings.
f See note "If" for p. S-9.

Page S-l 1
f See note "f" on p. S-10.
$ This series is not seasonally adjusted because the seasonal component is small relative to
the trend-cycle and/or irregular components and consequently cannot be separated with
sufficient precision.
II Production and nonsupervisory workers.

PageS-12
1. This series has been discontinued.
t See corresponding note on p. S-10.
If Production and nonsupervisory workers.
$ Earnings in 1977 dollars reflect changes in purchasing power since 1977 by dividing by
Consumer Price Index.
§ Wages as of July 1, 1982: Common, $14.45; Skilled, $18.70.

PageS-13
1. Average for Dec.
If Effective April 1982 SURVEY, the series for work stoppages involving six or more workers
have been discontinued and have been replaced by series for work stoppages involving 1,000
or more workers.
# Includes data for items not shown separately.
§ For demand deposits, the term "adjusted" denotes demand deposits other than domestic commercial bank and U.S. Government, less cash items in process of collection; for
loans, exclusive of loans to and Federal funds transactions with domestic commercial banks
and include valuation reserves (individual loan items are shown gross; i.e. before deduction
of valuation reserves),
* New series. Beginning Dec. 1978, data are for all investment account securities; comparable data for earlier periods are not available.
@ Insured unemployment (all programs) data include claims filed under extended duration provisions of regular State laws; amounts paid under these programs are excluded from
state benefits paid data.
@@ Insured unemployment as a percent of average covered employment in a 12-month
period,

S-34

SURVEY OF CURRENT BUSINESS

July 1982

PageS-14

PageS-18

1. Data are for fiscal years ending Sept. 30 and include revisions not distributed to the
months.
2. Average for the year,
3. Daily average.
4. Beginning Jan. 1981, data are for top-rated only. Prior data cover a range of top-rated
and regional dealer closing rates. See also note 3 for this page.
5. Beginning Oct. 1981, data represent the total deficit (budget deficit plus off-budget
deficit).
6. Interest rate charged as of July 1, 1982 was 13.63.
# Includes data for items not shown separately.
§ The Department of Health, Education, and Welfare was redesignated as the Department of Health and Human Services by the Department of Education Organization Act.
if Adjusted to exclude domestic commercial interbank loans and Federal funds sold to
domestic commercial banks.
$ Rates on the commercial paper placed for firms whose bond rating is Aa or the equivalent. Data through Oct. 1979 show a maturity for 120-179 days. Beginning Nov. 1979, maturity is for 180 days.
@ Data through Oct. 1979 show a maturity for 150-179 days. Beginning Nov. 1979, maturity is for 180 days.
$ Courtesy of Metals Week.

1. See note 1 for p. S-16.
2. Annual total; quarterly or monthly revisions are not available.
3. Before extraordinary and prior period items.
4. For month shown.
5. Domestic trunk operations only (averaging about 90 percent of domestic total).
6. See note 2 for p. S-17.
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled
service.
$ Beginning Jan. 1977, defined as those having operating revenues of $50 million or more.
if Average daily rent per room occupied, not scheduled rates.

PageS-15
1. M l-A has been discontinued. Ml-B will now be designated "Ml."
t Effective Feb. 1982 SURVEY, the money stock measures and components have been revised
back to 1959. The Federal Reserve has redefined the monetary aggregates. The redefinition
was prompted by the emergence in recent years of new monetary assets—for example, negotiable
order of withdrawal (NOW) accounts and money market mutual fund shares—and alterations in
the basic character of established monetary assets—for example, the growing similarity of
and substitution between the deposits of thrift institutions and those of commercial banks.
Monthly data from 1959 to date are available from the Banking Section of the Division of
Research and Statistics at the Federal Reserve Board, Washington, D.C. 20551.
% Composition of the money stock measures is as follows:
ML—This measure is currency plus demand deposits at commercial banks and interest-earning
checkable deposits at all depositary institutions—namely NOW accounts, automatic transfer
from savings (ATS) accounts, and credit union share draft balances—as well as a small
amount of demand deposits at thrift institutions that cannot, using present data sources, be
separated from interest-earning checkable deposits.
M2.—This measure adds to Ml overnight repurchase agreements (RP's) issued by commercial banks and certain overnight Eurodollars (those issued by Caribbean branches of
member banks) held by U.S. nonbank residents, money market mutual fund shares, and
savings and small-denomination time deposits (those issued in denominations of less than
$100,000) at all depositary institutions. Depositary institutions are commercial banks (including
U.S. agencies and branches of foreign banks, Edge Act corporations, and foreign investment
companies), mutual savings banks, savings and loan associations, and credit unions.
M3.—This measure equals M2 plus large-denomination time deposits (those issued in denominations of $100,000 or more) at all depositary institutions (including negotiable CD's) plus
term RP's issued by commercial banks and savings and loan associations.
L.—This broad measure of liquid assets equals M3 plus other liquid assets consisting of
other Eurodollar holdings of U.S. nonbank residents, bankers acceptances, commercial paper,
savings bonds, and marketable liquid Treasury obligations.
££ Includes ATS and NOW balances at all institutions, credit union share draft balances,
and demand deposits at mutual savings banks.
* Overnight (and continuing contract) RP's are those issued by commercial banks to the
nonbank public, and overnight Eurodollars are those issued by Caribbean branches of member
banks to U.S. nonbank customers.
@ Small time deposits are those issued in amounts of less than $100,000. Large time
deposits are those issued in amounts of $100,000 or more and are net of the holdings of
domestic banks, thrift institutions, the U.S. Government, money market mutual funds, and
foreign,banks and official institutions.
# Includes data for items not shown separately.
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.

PageS-16
1. Beginning Jan. 1981 data, U.S. Virgin Islands trade with foreign countries is included.
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.
$ For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
@ Data may not equal the sum of the geographic regions, or commodity groups and
principal commodities, because of revisions to the totals not reflected in the component
items.

PageS-17
1. See note 1 for p. S-16.
2. Beginning Jan. 1982 data, the Customs value is being substituted for the f.a.s. value.
# Includes data not shown separately.
§ Data may not equal the sum of geographic regions, or commodity groups and principal
commodities, because of revisions to the totals not reflected in the components.




PageS-19
1. Reported annual total; monthly revisions are not available.
2. Data withheld to avoid disclosing operations of individual companies.
3. Beginning Jan. 1981, data represent gross weight (formerly phosphoric acid content weight)
and are not comparable with data shown for earlier periods.
4. A portion of data is being withheld to avoid disclosing information for individual companies; not comparable with other published data.
5. Beginning Jan. 1980 data, another company is included.
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
$ Revisions, back to 1977 for some commodities, are available upon request.
if Data for Jan. 1977-June 1979 exclude potassium magnesium sulfate; not strictly comparable with data shown for other periods.

PageS-20
1. Reported annual total; monthly revisions are not available.
2. Includes Hawaii; not distributed to the months.
3. Reported annual total, including Hawaii; monthly data are preliminary and subject to
change.
4. Beginning 1982, the reporting frequency has been changed from a monthly to a quarterly
basis.
§ Data are not wholly comparable from year to year because of changes from one classification to another.
$ Revisions back to 1977 are available upon request.

PageS-21
1. Average for three months, price not available for Apr.-Dec.
2. Crop estimate for the year.
3. Stocks as of June 1.
4." Stocks as of June 1 and represents previous year's crop; new crop not reported until June
(beginning of new crop year).
'
5. Previous year's crop; new crop not reported until Oct. (beginning of new crop year).
6. See note "@@" for this page.
7. Data are no longer available.
8. See note 4 for p. S-22.
9. June 1 estimate of the 1982 crop.
10. July 1 estimate of the 1982 crop.
§ Excludes pearl barley.
# Bags of 100 Ibs.
if Revised crop estimates back to 1975 are available upon request.
@ Revisions, back to 1977, for some commodities, are available upon request.
$ Revisions back to 1975 are available upon request,
@@ Data are quarterly except for June (covering Apr. and May) and Sept. (covering JuneSept.).

Page S-22
1. Average for 11 months; price not available for Dec.
2. Average for nine months; index not available for Apr.-June.
3. Data are no longer available.
4. Effective with this reporting, data are for three-month intervals.
§ Cases of 30 dozen.
if Bags of 132.276 Ibs.
"$ Revisions for Jan.-July 1979 (back to 1975 for grindings of wheat) are available upon
request.
@ Revisions back to 1977 are available upon request.
# Effective Apr. 1981 SURVEY, the wholesale price of smoked hams has been discontinued
and has been replaced with the comparable price index. Annual indexes prior to 1979 and
monthly indexes prior to Feb. 1980 are available upon request.

PageS-23
1. Crop estimate for the year.
2. Average for seven months; price not available for July, Aug., and Oct.-Dec.
3. Annual total; monthly revisions are not available,
4. Data are no longer available.
§ Monthly data reflect cumulative revisions for prior periods.
$ Revisions back to 1975 are available, upon request.
# New series. Source: Bureau of Labor Statistics.
# Totals include data for items not shown separately.

S-35

SURVEY OF CURRENT BUSINESS

July 1982

PageS-24
1, Annual data; monthly revisions not available.
2. Less than 500 short tons.

PageS-25
1. Annual data; monthly revisions are not available.
2. For month shown.
3. Effective Jan. 1981, data are revised back to Jan. 1980. Inventory data formerly calculated by the Bureau of the Census are now based on the Steel Service Center Institute monthly
Business Conditions report.

PageS-26

PageS-29
1. Reported annual total; revisions not distributed to the months.
2. Effective Jan. 1980, data are no longer available.
3. Average for 11 months; no price for Aug. 1980 or June 1981.
4. Average for 11 months; no price available for Nov. 1980 or for Oct. 1981.
5. Monthly data will be discontinued as of April 1982 SURVEY, due to budgetary limitations. The related annual report, MA26A, will continue to be published.
51 Source: American Paper Institute. Total U.S. estimated consumption by all newspaper
users.
§ Monthly data are averages of the 4-week periods ending on the Saturday nearest the end
of the month; annual data are as of Dec. 31.
$ Data are monthly or annual totals. Formerly weekly averages were shown.

PageS-30

1. Annual data; monthly revisions are not available.
1. Reported annual total; revisions not allocated to the months.
2. Less than 50 tons.
2. Crop for the year.
U Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
3. Data cover five weeks; other months, four weeks,
@ All data (except annual production figures) reflect GSA remelted zinc and zinc pur4. Data are not available prior to Jan. 1980,
chased for direct shipment.
5. Effecti 1 Nov. 1981, shipments of wide-mouth containers for "chemicals, household and
$ Source for monthly data: American Bureau of Metal Statistics. Source for annual data:
industrial" are included in shipments for "medicinal and toilet" containers.
Bureau of Mines.
6. See note "$" for this page.
# Includes data not shown separately.
# New series. Data for finishing mills have replaced data for weaving mills, which are no
t Effective July 1980 SURVEY, data are revised and shown on a new base. The sample size
longer available.
has been restored to 100 firms and the base has been changed to 1977 = 100. The revised series are
# Includes data for items not shown separately.
not comparable to previously published data.
If Cumulative ginnings to the end of month indicated.
* New series. These indexes are based on shipments of hydraulic and pneumatic products
§ Bales of 480 Ibs.
reported by participating members of the National Fluid Power Association. Data back to
$ Beginning Jan. 1982, shipments include those for direct export; such shipments for 1980-81
1959 are available upon request.
were (thous. gross): 2,316 and 2,165 respectively.

PageS-27
1. Effective Jan. 1980, total stocks for bituminous coal and lignite exclude residential and
commercial stocks and are not comparable with data shown for earlier periods.
2. Data are for five weeks; other months 4 weeks.
3. Based on new 1981 stock level. See also note "$" for this page.
4. For month shown.
•# Includes data for items not shown separately.
@ Beginning July 1977, data are representive of those manufacturers reporting and are not
an average of the total industry; they are not directly comparable with earlier data.
* New series. Annual data prior to 1978 and monthly data prior to April 1979 are available upon request.
§ Includes nonmarketable catalyst coke.
IT Includes small amounts of "other hydrocarbons and hydrogen refinery input," not shown
separately.
f Revisions for 1978 are available upon request.
$ Effective with 1981 petroleum data, the Energy Information Agency has changed some
definitions and concepts to reflect recent developments in refining and blending practices.
These changes include adding a category for gasohol production to motor gasoline production and accounting more precisely for distillate and residual fuel oil processed further after
initial distillation, A description of these changes appears in the May 1981 issue of Monthly
Energy Review, U.S. Department of Energy, Energy Information Administration.

PageS-28
1. Based on new 1981 stock level. See also note "$" for p. S-27.
2. See note 5 for p. S-29.
3. Reported annual totals; revisions not allocated to the months.
4. Simple averages of prices are no longer available.
U Prices are mid-month, include taxes, and represent full service; comparable prices prior
to Jan. 1979 are not available.
# Includes data for items not shown separately.
* New series. See note "U" for this page.
$ Except for price data, see note "$" for p..S-27.




PageS-31
1. Effective Jan. 1,1978, includes reexports, formerly excluded.
2. Annual total includes revisions not distributed to the months.
3. Average for crop year; Aug. 1-Jul. 31.
4. For five weeks; other months four weeks.
5. Monthly average.
6. Less than 500 bales.
§ Bales of 480 Ibs.
<I Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price reflects
total quantity purchased and dollars paid for the entire month (revised price includes discounts and premiums).
# Includes data not shown separately.

PageS-32
1. Annual total includes revisions not distributed to the months.
2. Estimates of production, not factory sales.
3. Beginning Jan. 1979, data reflect the inclusion of Volkswagens produced in the U. S.
Beginning Jan. 1980, passenger vans (previously reported as passenger cars) are included with
trucks.
4. Monthly data for 1980 as published in earlier issues of the SURVEY, exclude exports for
off-highway trucks; not strictly comparable with data shown for other periods.
5. Based on unadjusted data.
6. See note "t" for this page.
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics comprise all cars assembled in the U.S. and cars assembled in Canada and
imported to the U.S. under the provisions of the Automotive Products Trade Act of 1965.
Imports comprise all other cars.
IT Courtesy of R.L. Polk & Co.; republication prohibited. Because data for some states are
not available, month-to-month comparisons are not strictly valid.
$ Excludes railroad-owned private refrigerator cars and private line cars.
t Revisions, back to 1967 for some commodities, are available upon request. Effective with
the July 1982 SURVEY, seasonally adjusted data have been revised back to Jan. 1977 and are
available upon request.
@ In the 1979 BUSINESS STATISTICS, 4th Qtr. 1977 should read "13,946" mil. $.
$$ In the 1979 BUSINESS STATISTICS, annual data for 1977 should read "2,604.8" mil.
$.
## Revisions back to 1977 are available upon request.

SURVEY OF CURRENT BUSINESS

S-36

July 1982

Table 1.—Total Personal Income, States and Regions
[Millions of dollars, seasonally adjusted at annual rates]

1981
State and region

I

United States 1
New England
Connecticut .
Maine
Massachusetts

.
..

..

,,

. .

*•«..

Rhode Island
Vermont .. .....

.

Mideast
Delaware
,.
District of Columbia

.

..

....

...
...

New Jersey
New York
Pennsylvania

,. .

,
....

Great Lakes
Illinois
Indiana
Michigan
Ohio
Wisconsin .... . ....

..

...

...

..

...
..

..

...... ,.,
....
....

Plains ..
Iowa
Kansas
Minnesota
Missouri...
Nebraska
North Dakota
South Dakota

. . . .
.
...

.

...
...

Southeast....
Alabama
Arkansas
Florida
Georgia . ..
...
Kentucky
Louisiana
. ..
Mississippi..
North Carolina
South Carolina
Tennessee
Virginia
West Virginia
Southwest
.
Arizona
New Mexico
Oklahoma
Texas

,

..

.

Rocky Mountain
Colorado ..
Idaho
Montana
Utah

. . . .
...

.

,
,

.

.

. . . .

....
. . . .

,
...

„

..

..

,
,

,

. .
...,..,,.,...

. ...... ....
...

..

,

. ..

,,.

., ...

.

.,„..
.....

.

..

. . . .

,
.

Far West
California . . . ... .
Nevada,.
Oregon . . . . . . .
Washington ...........
Alaska
Hawaii

. . . .

,

,
.

.

.

.

.
.. . ,

,
.-

,

,

n

1982

III

IV

I

Percent change
1981:11982: 1

1981: IV1982: 1

2,327,381

2,376,157

2,449,670

2,493,092

2,518,641

8.2

1.0

134,348
39,576
9,461
62,165
9,068
9,760
4,318

137,134
40,138
9,700
63,796
9,283
9.801
4,416

140,538
41,327
9,928
65,170
9,547
10,055
4,512

143,213
41,857
10,132
66,550
9,796
10,278
4,600

145,330
42,597
10,288
67,281
10,044
10,453
4,666

8.2
7.6
8.7
8.2
10.8
7.1
8.1

1.5
1.8
1.5
1.1
2.5
1.7
1.4

462,704
6,587
8,227
47,593
86,744
194,134
119,418

472,495
6,682
8,373
48,439
88,578
198,785
121,638

485,927
6,882
8,640
49,843
90,979
204,518
125,067

493,368
6,845
8,799
50,815
92,477
208,009
126,424

500,468
6,854
8,913
51,304
94,132
211,466
127,800

8.2
4.1
8.3
7,8
8.5
8.9
7.0

1.4
.1
1.3
1.0
1.8
1.7
1.1

433,433
127,892
51,958
98,515
108,678
46,390

440,166
129,613
52,105
100,981
110,492
46,975

451,949
133,616
53,381
102,823
113,625
48,504

455,194
135,139
53,750
103,023
114,425
48,857

457,578
135,286
53,961
103,974
115,295
49,061

5.6
5.8
3.9
5.5
6.1
5.8

.5
.1
.4
.9
.8
.4

171,428
28,518
24,983
42,718
47,233
15,739
6,437
5,799

174,131
28,977
25,544
43,094
48,043
15,831
6,694
5,948

179,970
29,825
26,284
44,685
49,577
16,483
6,998
6,119

183,690
30,360
26,783
45,502
50,322
16,883
7,593
6,247

184,290
30,091
27,163
45,470
51,059
16,810
7,400
6,296

7.5
5.5
8.7
6.4
8.1
6.8
15.0
8.6

.3
9
1.4
1
1.5
4
-2.5
.8

464,325
31,214
17,805
96,957
48,168
30,143
38,984
17,736
49,698
24,522
38,281
54,543
16,273

474,849
31,601
18,241
100,287
49,306
30,125
40,303
18,139
51,355
25,194
39,211
55,668
15,420

491,557
32,546
18,908
104,760
50,545
31,722
41,653
18,670
52,494
25,833
40,338
57,502
16,585

500,753
33,127
18,889
107,330
51,750
31,873
42,506
18,913
53,131
26,416
40,896
59,132
16,791

503,843
33,016
18,878
108,728
51,844
32,303
43,000
18,908
52,572
26,272
41,516
59,852
16,955

8.5
5.8
6.0
12.1
7.6
7.2
10.3
6.6
5.8
7.1
8.5
9.7
4.2

.6
-.3
1
1.3
.2
1.3
1.2
0
-1.1
-.5
1.5
1.2
1.0

217,849
25,910
11,035
30,375
150,529

224,513
26,594
11,334
31,071
155,514

233,357
27,504
11,704
32,132
162,016

239,730
28,340
11,889
33,046
166,456

242,839
28,523
12,078
33,345
168,893

11.5
10.1
9.5
9.8
12.2

•1.3
.6
1.6
.9
1.5

65,135
31,689
8,251
7,439
12,146
5,611

66,541
32,491
8,454
7,603
12,316
5,676

68,667
33,569
8,676
7,744
12,826
5,852

70,282
34,406
8,794
7,891
13,153
6,038

71,137
34,704
8,789
8,171
13,363
6,111

9.2
9.5
6.5
9.8
10.0
8.9

1.2
.9
1
3.5
1.6
1.2

362,110
280,294
9,413
25,868
46,535

369,951
287,223
9,662
26,311
46,755

380,745
296,053
9,948
26,744
48,000

389,352
303,291
10,298
27,007
48,756

395,377
308,384
10,504
27,340
49,149

9.2
10.0
11.6
5.7
5.6

1.5
1.7
2.0
1.2
.8

5,617
10,430

5,686
10,693

5,939
11,020

6,128
11,382

6,347
11,432

13.0
9.6

3.6
.4

145,330
433,397
457,578
184,290
383,294
125,742
264,116
122,242
402,653

8.2
8.3
5.6
7.5
8.7
7.1
11.1
9.6
9.2

1.6
1.5
.5
.3
.6
.7
1.2
1.2
1.5

Census regions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central ...
Mountain
Pacific

.....

...
,
.

.

.

.

....
. ..

.

,
..

..,.
. . . .

,

1. The personal income shown for the United States differs from that in the national income
and product accounts primarily because it omits income received by Federal Government employees overseas.
NoTE.~The quarterly estimates of State personal income were prepared by Francis G.
McFaul with the aid of Thelma E. Harding, under the supervision of Robert L. Brown. Tables
were prepared by Eunice P. James and Kathy A. Albetski.




,

134,348
400,296
433,433
171,428
352,569
117,374
237,693
111,494
368.745

137,134
409,000
440,166
174,131
360,724
119,075
245,129
114,131
376,667

140,538
420,563
451,949
179,970
373,083
123,276
254,710
117,824
387,755

143,213
426,909
455,194
183,690
381,008
124,808
260,897
120,809
396,564

TO

BUSINESS.; STATISTICS,. Pages:S1Dishwashers „..„„.„,..,„.....»«.«...»«.......«.....«.*..**
27
Disposition of personal income .,„„.,.,..,...,..,„*„.,
1
Distilled spirits ,.,.*».,.,,,,*..,......,.....«.««..^«.«..»..
20
Dividend payments .,......,,.,..,».,,,..,,......M.«.«.,....M 1,15
Draptores, sales .„..„„,..«......«...».,.,,«««*..*»«,.«» 8,9
Earnings, weekly and hourly ,„„......,„„.>««.».»«*
i2
Eating and drinking places ..,...„....„,.........**...,.... 8,9
E^^ and poultry ,>M^^«.^..i.,«..*.....,..««.«..,....M.. 5,22
Electric power ,„*.„„*„„.*..„.,....,...„.....««.«..»...... 2,20
Electrical machinery
and e^iiipmenk,,*....,*,...,,,,., 2-5,
;

SECTIONS
General:
,
Business indicators.....,..«,..«...«««..-«»......««.«. 1-5
Commodity prices .»„„„,.„,,..*„..„„..«„«.....,.«... 5, 6
Construction and real estate .«.«.ww»,w*.,»*»»».*» 7, 8
Domestic trade ..,w»..,.....i..,»*.n,....,,..«.w*..«...... 8, 9
Labor force, employment* and earnjtags....,,.;..
Finance ...,*„,.....,...«..**.«*««««.«»....»»*.»..«.*«*.»«
Foreign trade of the United States »*.,»..„„««.. 16-18
Transportation and communication................. 18,19
' liidustry: , -,
• ; '.",: ' • : ";-^ "' * '...Chemicals and allied products .„„.<„,„.„.„„..,*. 19,20
Electric power and gas ..»...«.«....«.«.«.*.«.««.«.
20
Food and kindred products; tobacco ,,,.„...,..... 20-23
r
Leather and products ,„.„.,„„.«„....»,,..,..,...»»..
23
Lumber and products ,...«.*««l«..««*».««*..«.»». 23,24
Metals and manufactures .M,w.«««..«««««..»«... 24427
Petroleum, coal, and products «,...««***«»..^*»» 27,28
Pulp, paper, and paper products ««...«.«.*,««.*., 28,29
Rubber and rubber products ...«.»«...,.*...........»
29
Stone, clay, and glass products ...,«.«.«*.*.»*..«.»
30
Textile products .»;,,..„..,..,,.,...,...«..«.......»»..«..», 30-32
Transportation equipment ......,...,.....,,,.....»,«.«
32

- •-; •;; - : . ~ ; v./,- '-10-12,15,27

Employee-hours, aggeegate, and indexes..,,..„...«
Empoyment..M«,*..«.^..,,..........,,...,.«...,,,...«..,.«..
Explosives .„,.*„,„.,..«..,„.».«.*«*»„.,*,.„.,...,,*,**...«».
Exports (see also individual commodities),..,,....,
Failures, injdustrial and commercial .,.„„«<..
Farm prices ,..«.«««».«.««»«.«««*»««.*««,.»«
." Farm wages *»»««».»»;*«»*«.*«»«»««»«*»«»*«»«*«***»**•«»*«*
Fats and oils «.«,»«,»«»«»«*««»•««»•«.*«.*****»*«»#**»«»«»*»
Federal Government finance........................
Federal Reserve banks, large commercial ,„
Federal Reserve member banks ^^.i...,.,.;.
Fertilizers *«,«„„**„...„.»„.».«»««...»...«»«*«««*.„

11
10, P
20
16,17
• .-,5
5,6
12
«• 17
14
13
13
19
22
Flooring, hardwood ,„,.„..........«.*.....,..,..*...«,...««
24
Flour, wheat „„„„,,.,..,....»..«.,,..,.,».„»»,.,.,......,«....
22
Food products,,..„...,..,„,.„. 2-6,$, 10-12,15,17,20-23
Foeign trade (see also individual commod.)........ 16-18
FVeiibt cars (equipment)^i,......i,..«,..,«,..»i,..,,...f.,.,
32
' Fruits and yegetsibies' ),;,i.,,,*»*«.«,,..,«,..,..».»«.-«*...»*';' • -5,

F00fmotes,,.*w...*«....»....^^
INDIVIDUAL SERIES
,„,.„».: '8,12"
Aerospace vehicles „„.,,.„..........,.»........,..,»...>.»..... ' 32
Agricultural loans ........................................„...„.." • ' . 13 '
Air carrier operations .».„;,,...«,.».,.....»..,.«....*...,..:: '18"
Air conditioners (room) ,**,„«..;..,.«......»..*.»*..„;.»„* "' 27'
Aircraft and parts ...„.„,,..»„,,,«.,,«.««.«»«...«„„, 4,32
Alcohol, denatured and ethyl ........................„,«.. > -''19
Alcoholic beverages ,«,*.,„,.«.,.*......««...«*«.,.„.„„., 8,20
Aluminum ...................................................
Apparel..—,„„.«*..*..«»...».«,...«...»...«.»««*rE 4-6,8-12
28
Asphalt .».***»»«».»"«»..«>*»•*»»»»•»»*».»»»*»•*»*»»«*»«**«»»•**,.„.....
Automobiles, etc »„.».«*«».«««. 2-4,6,8,9, 14,15,17,32
Banking ,«»*,..«*.»^».«,..«....««.**«».».».««.«.»»»««»»'.„.«,„. 13,-14''
Barley .•»...«««»»»»..»«»«.»««*»«»«»»»*«.«*«»**.«**•»•»*»*»»<
Battery shipments .....»..«*.*.«,«..»«.*..4*.**««.
24
Beef and veal..................................................«..««.
Beverages ..„,.........«.»*.....*.....««*«....*...«».«« ....... 8,17, 20
Blast furnaces, steel mills..........................;.*„.„„ > ' 3 - 5
Bonds, issued, prices, sales, yields ..................... V-3U5;
Brass and bronze ..„„..».,......„„.„.*«*.*.*«..«.< ,,,,^,., 15-16=
Brick ..>*«*».„«..„*,....»,*..**,*.,«...,...,...*»«...«««,,*„»...,' '' -26
Building and construction materials......... ^3.]*-: "30,
Building costs ,«*»**.».»»».»,»*»*,»****.»**..v**,,.»»..»»»<
Building permits .,:.,,......«,„«...».«.««....«.....
Business incorporations (new), failures....
Business sales and inventories..................
Butter........................................................
.Cattle and calves........................................
30
Chain-store sales, firms with 11 or more
stores ,»..«.».w..««**«»««w,..*..»..***»***.**»*.v*»»*«..««»*'.*f»»« ' < '-' 9
Cheese... ^-i/MMwM^«^»Uw..M'.»*rt«U*«i.-»^«*i.~«iii ' ~ '21Chemicals .,.„,........«.....»..,..«. 2-4,10-12,1% 17, W, 20
Cigarettes and ci^irs..*.,.....*,,...,.....,^...,......,..^..
23
Clay products ..„.„«...»..»...«*.«»«.„».....*.»«*.*».*... 2r4,30

".ir-- IT

Clothing, ^e apparel

Coal«*.»*»*.m*«.*»*.,........*.»«.«..«*«....*«.*»**«.M.w<..*«..,.'- - 2* 27• Cocoa,.,.»i....,,........,.....«.....«..*,,,..««,**».,««.«i....-...i "* ' 22
' Coffee. ....»...»»^,*...**.*»*..«'...«.»....»,..*«.».*«**V.******»*.».**. • ' 22
Combustion, atmosphere, heating equipment ................................................................. ' ~ 26Communication..................................................... 15,19

Confectionery, sales »w.,*.,»»..«...,*.».....».*«....»«..*..

• Construction:

.

:

' - \ X ' , ; » . . ' ^ ' -\ - . "

22

Contracts ,>«.«..«.«..,«.,«f*.»»0»v*.«.w.»...««*.«.«»..«., ,. - ' -'T,,

Employment, unemployment, hoursj
earnings ..*„.*....,•.....»»»*....,.,,»»....«»..*»«««.».««*«». 10-12 '
Hi^liways and streets .....i..............,..,*.*.,.^.^..
7
Housing starts ....«««..«...,;^*»..*....v««......«*.««
7
«; --|sjew construction put in place ..,,.,4.,..,....,...u«.
7
Consumer credit .*,....»..,..,.;.«.«**.«*«.».«..**«.«.*«»...*
14
Consumer goods output, index ............................ 1, 2
Consumer Price Index .».«...*.*..,,M..«;,..,^«....«,«.. 5, 6
Copper and copper prodiicts ....«...»........,..*«.,.,... 25> 2^
Cost of living (see Consiwner JJPrice index),.,.....,. 5,6
Cotton, raw and manufactures.......................... 5,30,31
Credit, commercial bank, consumer w,«,.,,....«....
14
Crops............................................................ i?,-21,/23,30'
Crude oil ,,,..,.....,;.M.......,..,..»«,».^»w,,,..,..,..,.«,.,.»* 3,27
Currency in circulation ,,«,.,M»..^,...,«.....««»**,,*,,».
15
Dairy products .............
Debt, U.S. Government
Deflator, PCE
Department sti
Deposits, bank
M




W^».^Z^
27^ 28
" Furnaces »»»«*...».,«.v».*»*.»*«.,»»*»*»***»».i,»*»»»..«.»*«***«***«*»' :'. 27
Furniture ^..wi,.,,.,..*..,..,..,....,.^..,*.....*....,........ 2,6,8-12
Gas, output, prices, sales, revenues .................
Gasoline ...........................................................
»„„.»
30
Glass and products ,.............................,.....»...>.,
«..*..
19
„..,»,
1
4,
^'
Gold .
5,6,21,22
Grains and product! «;,»
.,*.,.
9
Grocery stores «;„
..,„,
30
Hardware stores .«»«,*4,.**,»4«.««..««..».
26
Heating equipment M».».«,«,.«,i^;*,,.«,..
12
Help-wanted advertising index ,,,..«..»i
6
Hides and skint „„.,*«„,«„„...„,.,....»«
7
Highways and streets .*««**«>»**«¥.«««.»»
- ;!"22'
,
8
Home Loan banks, outstanding advances...
-\ - 8
•Home mort^iges u».*»«*«**.**»*i*»*»*»»««»»»»»«»»«»*»»«»
18
Hotels and motor»hotels „,.
.
' 11
Hours, , average ' weekly %*«
House^irnishings «.«;w^i,,»....»«..»«...;«.w..,» 2, 4, 5, 8, 9
Household appliances, radios, and televi sion

'

flii^-u.WIM^m^MM^M*;***«»;*MU.^«M«*..M^**M*<i»».^->V'

^7- „

Housing starts ahi permits ...»,.«««.^»«v»,....»««»
7
Imports (see also individual commodities) ,^^,,.17, 18
Income, pers$<inal *;.,*«„„*.>..*»»*».«.«....«.«.»..».««*.«
2
Income and employment tax receipts ,„„,»;„..„».„
14
Industrial production indexes:
By industij «„.../.«.»«»./»»«>„,.*,»».«.*,».««„.»««»* ' 1,:2\
By market grouping ,*«««,,„.«„««»...«.»...«*.»« 1,2
Installment credit «»...«.«.»»,«^.*«««*,«,..»»»,*«»i
14
Instruments and related producti»»..«,»M..«. 2-4, 10-12
Interest and money rates^ »„«„„»«*,*«„«„„««*»«,«.
14
Inventories, manufacturers' and trade ,.„.„...,...„. 3, 4, 9
Inventory-sales ratios «,,<„,;«„.««««•***"»*'*"**'**»'»*''«
^
Iron arid^ steel .,.....*....»^,.«..,.««««.«.»*«»»,»«« 2, 15, 24, 25
Labor advertising index........................................
14
Labor force »;.,w,»..»»..^;.«,».*..i*i.»**.»«**.«.»«*.«»»«»»*««*. 9,10
Lamb and mutton ................................................. : 22
Lead ^M^*^^^^ww^^»««U^^M«Urf«^M.M<l^wM»*.^ • ''26
leather and products ,.^,,«.»,v.«.«...;«...M. 2, 6, 10-12, 23
, J^estoGk,.«w,u™....™
Loans, real estate, agricultural, bank (see
also Consumer credit) «.««».u,U,.»,»*.««.«^«,- 8,13
Lubricants .....^........^.^^v^.^wW.*.*...*,....,....^^.,." - ;; 28
Lumber and products^ Art«...,..»........«., 2, 6, 10^12,^ 2*
'' Machine tools ....................................................... • ' • '26
Machinery .„«.„„.».«„„;;„„.., 2^6, 10-12, 15, 17, 26, 27
Manufacturers* sales (or
shipments),
inventories, orders f«».».;.»»»...*»^«M^i»*»«*»««««.«
3-5
Manufacturing
employment,
unemployment,
production
workers,
hours,
' ' ' earnings :,;v».;.,«««,««»«««M»i«»«»»*jnr*»*«***»»*»M«»»«»«»»«»ji.»«»»«* 10—12
Manufacturing production indexes »««.««.....««*M
1, 2
Meat animals and meats «.4.w*»w^«.,o«»««,«...« 5, 22
• ' Medical ~care »*»»..»****»»»«»»«»«•*«.»»»«»»«««.»*»*»*»«*»»«**«»*«****
6M€tals.»M,«»*»».«,««.»,.««..«^^^^ 2-6,10-12,15,24-26
' 'Milk «..««.v.»»w*.»o,»..««»...;.«.«.»^..«»»»*«*.«.w». • ' • 21 ,
Mining and minerals..M.«^w,.w*........»,.» 2, 6, 10-12, 15
Monetary statistics .,WM,,«^^..,*«.«».««««,M««»*..»
15
Money and interest rates .»«««.».«..*»««»«.*.».,»M»
14
Money supply i«.,.».,,.«.«*.,».,«»»»«*«,,...,.«..,«..».»!,»
15
Mortgage applications, loans, rates .................. 8, 13, 14
Motor carriers .*i«..»«^,.».».*««..»«««»«»..««..,tM,
18
Motor vehicles ,„„„>«.,„»..,.*»„.., 2-4, 6, 8, 9, 15, 17, 32

„.,„.„..„.„«;
Newsprint „..„..„..«..».„....«.„,....«*.„„*..«,.*,»......,
New York Stock Exchange, selected data .,..„«.,
Nortf^rrous metals „„„,...„...„....,„,.„.,» 2, 4, 5,15, 25f

18
29
16
26

CHls and^fats .,..,..«..„,..»,.„..,#».»..„.«««*.«....««*.*.,
17
Orders, new and unfilled, manufacturers'...........
4, 5
"" '" "~
' "
,«..^..«,...«,- . 14'
Paint and paint materials .......
„.,,««.*..»«.«: ;r 20'
Paper and products and pulp..
>
6,10-12,15,
Parity ratio ,.„„
Passenger cars..
18
Personal consumption expenditures ....................
1
Personal income ,i«..«.«««»«rt..ii.«.«,,»..».«.«,».««
Personal outlays ««M..,Mo»iM;«.««,««*.w.«M««»>».<.«*
Petroleum and products
.......................................
' - . - > '',;, \:'--- ' '•
10-12, 15j 17,27 x28
1
'Pig iron ,,,.»,«.;«u»».»»»#»M.».M«v»,»«»!i»,..«».«»»»*»*»*t.»....».**/ ,: •/ '24r *
20
Plastics and resin materialsi«««*»«««*«i.*»«.«».»».
Population J»>*«,v««,««»,»«.««*.«.«.*«»%..,«..»«».....««.«i
' 9
Poultry and egp ,...,M.«..».«.«*»,«,*,«.,,.i...»..««.»*, 5, &*
Price deflator, implicit (PCE) .....,..i.,.....^,.«,.^
1
Prices (see also individual commodities) ............. 5, 6
Printing and publishing ,.««„„,„«.„.„»,„«,.««**».* 2^ 10-12
Private sector employment, hours, earn*
• ings ,M;...,..;*w,,;*«,«*»..«««.«..«.v,»«»i,«.«,««*«,««,* '10-12 ''
Producer iPrice Indexes .»«»«,^»««**,«....,»,«.««.**«*» ;
6
'
*M.»;..«»*«.««.««««*,»*M.»« ' - ' ': 15::
...^«««,««^w. 1, 2, 7, IB, 16, 20
Pulp and pulpwood .....,.........,..,.......,.......„....».....* ; 28
Purchasing power of the dollar .,„*,.„..,„.».,.«„.«,»
6
Radio and television .s,.;...^^,,...
Railroad

'

.,,„„..«..,..,*.„ 8,13
,
Receipts, U.S» Government ,..«.».«, .......,..*i.,w,.-.,.v/, '' ; 14 '
Refrigerators .«,.iM.w«.»»*»i»*«-*.»»..«»,» r,,M.,......w..«..,- '": ;27
Registrations (new vehicles) ^,.....M ff,.,««..,.,..«..rf. • - - 32
Rent (housing) i««...»««w..*;*».**..«».» „„„;, ,;„•,„,;•:• '''6-2,3, 5, 8-12,14,32
RetaiLtradeV«..f_____,.w,«.»~...»;

Rubber and products (incl. plastics)
.................... 2-4,
. , ' :<
,
/ \ , - " v1;',,. -'• , 6,'10-12,;a9.,
Saving, personal ,.„„„„,„,..„„.„,*».*.»*»««,..»»..»«%.**
1
Savings and loan assoc., new mortgage loans,
8
Sayings deposits .........*.«,...„...».„....».,..,,,.«««*..«.
13;
Securities issued *.„..„»..».„...,,„..».»,..,..,....,*.**«..«.
15
Security markefci „..„„„....«.«««».«.«..,,...«.««.«.« 15,16
..'Services ».^,,.v,.;.*,....«w..*.«*.,«M
10-12 '.
Sheep and lambs ..„..„,.,„,«„..„«.»„»„....«.«......«.
22
Shoes and other footwear «wi«,«.i,.«.»««..«.«««.. ; 23

mvw<»<*»^.~.»»~**»^^^^

= . . ':H.

Spindle activity^ cotton «..,.»..»»..».»..,..»..«..«...«.
31
Steel (raw) and steel manufactures ,.,,,.,,,.,,^.,..2
25
-, Steel scrap •i«..^.....,.«.,«.,«»,...,..»......4.^.»,..,.....« - , - 24
Stock n>arket customer |lttancing«.^,.M**.,*,.,.,,M«*
15
Stock prices, yields,^ sales, etc^ ^,,M,«,*,,».,,,«,.,«,.*
16
Stone, clay, 0ass products..,«.«...«.,« 2-4,10-12,15, ^>

Suitor..;,^,.,.,,.*,.
'X;;;i9',
Sulfuric acid».,..;.
Superphosphate ..
23
Tea imports «.,„..
Telephone and telegraph carriers .,.,,.^«t.,,M..f«». "; 19;;;
v
27
Television and radio ;.,.*,,V«**»»U.,..«.,,..*.«.«*....^.«..
Textiles and prodncts i,..,.«.««..*.. 2-4,10-1^,15, 303*
26
Tin .^WM.^m^.^^,»^M.^.^*w^MtfM«M*^w*w«**«i»u*Tires and tener tubes »*.»»»^««'
Tobacco
and
manufactures......
:
Tractors ,,.«,...,w.«»..«»».wv,*i.».«.U'.
Trade (retail and wholesale)...
Transit lines, urban ,,„*;„,.
Transportation..................
Transportation equipment
Travel «.MM.»..«.,.««.*...*.».i*»*-*.w...it.««»
•/'Truct trailers ......*..*,...'.,....«.««.v«...:,,

Trucks (industrial and other)..........
Unemployment and insurance..........
H.S. Government bonds .,..,..*.„.*.,,...
JJ.S, Government finance ,.,.*».*,*i«,,«f,

'

16

2,6^7,15,16,20
Vacuum cleaners «..«*M,^»«.*«
,,„,;,,......« v * ,.9
Variety stores ««..«v.....».^.««
Vegetables and fruits »«».t.i«,
-13 ,
Veterans' unemployment insurance.......
.
.
•
.
.
.
,
,
.
.
,
.
.
!
.
. '

„

,

,

Washers and dryers ..^..
.Water heaters i.«.»«iV*»*»*«**««*««
Wheat and wheat flour ...............
Wholesale trade .«.««*.*.*i.V«*.,...
Wootf pulp «..«M»,..««...,*i.««,.v«.»
Wool and wool manufactures ....
Zinc,„««»„«««*«...«

,

«7 - '

UNITED STATE

G OFFIC
WASHINGTON, D.C. 2O4O
OFFICIAL B U S I N E