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JUNE
1967 / VOLUME 47 NUMBER
SURVEY OF CURRENT BUSINESS
CONTENTS
U.S. Department of Commerce
THE BUSINESS SITUATION
Alexander B. Trowbridge / Secretary
SUMMARY
1
National Income and Product Tables
4
Plant and Equipment Expenditure Anticipations
7
William H. Shaw / Assistant Secretary
for Economic Affairs
Office of Business Economics
George Jaszi / Director
Manufacturers' Inventory and Sales Expectations, Second
and Third Quarters of 1967
11
Morris R. Goldman Louis J. Paradiso
Associate Directors
Murray F. Foss / Editor
Leo V. Barry, Jr. / Statistics Editor
ARTICLES
U.S.
Billy Jo Hurley / Graphics
Residents Spent $4 Billion
on Foreign Travel Last Year
13
U.S. Balance of Payments in the First Quarter of 1967
17
STAFF CONTRIBUTORS TO THIS ISSUE
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
Business Review and Features:
Francis L. Hirt
David R. Hull, Jr.
Donald A. King
Genevieve B. Wimsatt
Marie P. Hertzberg
Articles:
Etienne H. Miller
Walther Lederer
Evelyn M. Parrish
S24-S40
Subject Index (Inside Back Cover)
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U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, N. Mex. 87101
U.S. Courthouse Ph. 247-0311.
Anchorage, Alaska
Loussac-Sogn Bldg.
Atlanta, Ga.
99501
272-6331.
30303
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Baltimore, Md.
21202
305 U.S. Customhouse PL 2-8460.
Birmingham, Ala.
35205
908 S. 20th St. Ph. 325-3327.
Boston, Mass.
02203
JFK Federal Bldg.
Buffalo, N.Y.
CA 3-2312.
14203
117 Ellicott St. Ph. 842-3208.
Charleston, S.C. 29403
334 Meeting St.
Ph. 747-4171.
Charleston, W. Va. 25301
500 Quarrier St. Ph. 343-6196.
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82001
6022 U.S. Federal Bldg.
Ph. 634-5920.
Chicago, 111. 60604
1486 New Federal Bldg.
Ph. 353-4400.
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550 Main St.
45202
Ph. 684-2944.
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E. 6th St. and Superior Ave.
Ph. 241-7900.
Dallas, Tex.
75202
RI 9-3287.
80202
16419 Fed. Bldg., 20th & Stout Sts.
Ph. 297-3246.
Des Moiries, Iowa
Greensboro, N.C.
27402
412 U.S. Post Office Bldg.
Ph. 275-9111.
Hartford, Conn.
18 Asylum St.
06103
Ph. 241-3530.
Honolulu, Hawaii
96813
202 International Savings Bldg.
Ph. 588-977.
Houston, Tex. 77002
1114 Commerce St.
Denver, Colo.
Detroit, Mich. 48226
445 Federal Bldg. Ph. 226-6088.
50309
1216 Paramount Bldg.
Ph. 284-4222.
515 Rusk Ave. Ph. 228-0611.
Memphis, Tenn.
38103
Milwaukee, Wis.
53203
345 Federal Office Bldg.
Ph. 534-3214.
Miami, Fla. 33130
25 West Flagler St. Ph. 350-5267.
238 W. Wisconsin Ave. BR 2-8600.
Minneapolis, Minn.
55401
306 Federal Bldg. Ph. 334-2133.
New Orleans, La.
70130
610 South St. Ph. 527-6546.
New York, N.Y. 10001
Empire State Bldg. LO 3-3377.
Jacksonville, Fla. 32202
400 W . Bay St. Ph. 791-2796.
Philadelphia, Pa. 19107
Kansas City, Mo. 64106
911 Walnut St. FR 4-3141.
Phoenix, Ariz.
Los Angeles, Calif. 90015
1031 S. Broadway Ph. 688-2833.
1015 Chestnut St.
Ph. 597-2850.
85025
230 X. First Ave. Ph. 261-3285.
Pittsburgh, Pa. 15222
1000 Liberty Ave. Ph. 644-2850.
Portland, Oreg.
97204
217 Old U.S. Courthouse Bldg.
Ph. 226-3361.
Reno, Nev. 89502
300 Booth St. Ph. 784-5203.
Richmond, Va. 23240
2105 Federal Bldg. Ph. 649-3611.
St. Louis, Mo. 63103
2511 Federal Bldg. MA 2-4243.
Salt Lake City, Utah 84111
125 South State St. Ph. 524-5116.
San Francisco, Calif. 94102
450 Golden Gate Ave.
Ph. 556-5861.
Santurce, Puerto Rico 00907
605 Condado Ave. Ph. 723-4640.
Savannah, Ga. 31402
235 U.S. Courthouse and P.O.
Bldg. Ph. 232-4321.
Seattle, Wash. 98104
809 Federal Office Bldg.
Ph. 583-5615.
the BUSINESS SITUATION
B
B,USINESS a developments in May
were largely
repetition of those in
the month before: good growth in
final sales but not much change in
production. The sluggish pace of production was most evident in manufacturing where activity fell for the fourth
Plant and Equipment Expenditures
Outlays scheduled to rise in second half
after first half decline
Total expected to increase 3 percent from 1966 to 1967
Billion $
80
TOTAL BUSINESS
60
40
20
-
0
40
MANUFACTURING
r-i pi
20
0
r-
nn
60
time in 5 months. It was also reflected
in the demand for labor, which edged
down as cuts were made in weekly
hours of A\ork and in the number of
persons employed. Information on final
sales is still spotty, but consumer
buying, after increasing in March and
April, apparently rose again in May, to
judge from the advance report on retail
sales. Government purchases are still
moving ahead at a brisk pace, but
business outlays for new plant and
equipment are drifting down. If investment expenditures turn out as
planned, they will resume their rise
this summer.
It appears that output in the second
quarter will show another reduction in
inventory investment but not as much
as in the first. In April, manufacturing
and trade firms added only $100 million
to the book value of their inventories.
A rise in manufacturing inventories,
which reflected mainly increased workin-process of industries producing defense goods and a rise in finished goods,
was almost offset by reductions in
stocks held by wholesalers and retailers.
The April advance was the smallest
monthly accumulation so far this year;
stocks rose $1 billion in January, $200
million in February, and $300 million
in March.
In May, personal income rose $2.8
billion, at a seasonally adjusted annual
rate, with $2.1 billion or three-fourths
of the rise attributable to higher nonpayroll incomes. The $0.7 billion advance in wage and salary disbursements
was the same as the April rise. Most of
the net gain over the month occurred
in government as private payrolls were
about unchanged for the second month
in a row; increases in service and distributive industry payrolls during May
approximately offset reductions in manufacturing and construction.
Nonpayroll incomes generally showed
increases in May. An advance in prices
received by farmers was partly responsible for raising the income of farm
proprietors for the first time this year.
Transfer payments rebounded after a
$0.4 billion decrease in April. Dividend
and interest incomes continued to rise
at about the same rates as in the early
months of 1967.
The slowdown in the growth in income, particularly payrolls, is brought
out in the table below, which shows
quarterly changes since the second
quarter of 1966. Data for May have
been used to represent the second
quarter of 1967.
Change from previous quarter
(billions of dollars, seasonally
adjusted at annual rates)
NONMANUFACTURING
Small rise in payrolls
40
20
-i -
.
—
0
1962 63
64
65
66
67*
1966
1967*
Quarterly, Seasonally
Adjusted at Annual Rates
* Last three quarters are anticipated.
Data: OBE-SEC
U.S. Department of Commerce, Office of Business Economics
67-6-1
The growth in personal income, which
slowed a little in the first quarter, has
slackened noticeably this spring. During the last 2 months, the increase in
total income was about three-fifths of
the first quarter rate. Part of the
slackening was due to a drop in manufacturing payrolls, but the rise in nonmanufacturing payrolls has also slowed.
1967
1966
II
(May)
II
III
IV
I
Total personal income
8.9
11.7
13.1
11.4
7.2
Wages and salaries
7.4
9.3
8.3
6.8
3.1
1.8
5.6
2.9
6.4
2.2
6.1
2.4
4.4
2.0
1.1
3.0
2.6
2.6
3.8
2. 6
3.5
0.4
4.0
-0.8
1.9
Government
Private
Manufacturing
Nonmanufacturing-
SURVEY OF CURRENT BUSINESS
Employment declines
The number of employees on nonagricultural payrolls declined in May
for the second month in a row, bringing
the overall drop since March to 165,000
persons, after seasonal adjustment.
Cutbacks in manufacturing and construction employment were substantial;
a strike in the rubber industry cut employment sharply, and unseasonable
weather was partly responsible for the
much-less-than-seasonal gain in construction employment.
Manufacturers are continuing to adjust their production schedules by
reducing employment and weekly hours
of work. Since the January peak, manufacturing employment has declined by
325,000 persons, and two-thirds of this
reduction has occurred since March.
Cutbacks this year have been wide-
Divergent Trends in Financing Costs
Short-Term interest rates continue to decline but
bond yields rise sharply
Percent
7
INTEREST RATES
Prime Commercial Paper
(4-6 Months)
s
I
3-Month Treasury Bills
(New Issue)
I
I . . . . .1
I
BOND YIELDS
Corporate
(Moody's Aaa)
State and Local
(Moody's Aaa)
1965
1966
1967
Data: FRB, Moody's & Treas.
U.S. Department of Commerce, Office of Business Economics
67-6-2
spread in both durable and nondurable
goods industries.
The reduction in average weekly
hours of work in manufacturing during
May centered in nondurable goods
industries.Establishments in construction, mining, and trade also shortened
the workweek. Every industry division
except contract construction now reports
a decrease in hours since May 1966; for
the total private economy, the reduction since a year ago amounts to 0.7
hours.
Despite the lower demand for labor
this spring, the unemployment rate has
not changed much. The seasonally adjusted rate for May—3.8 percent—was
little different from other recent months.
Rates for both adult men and women
held at low levels, but there were increases for teenagers, unskilled workers,
and nonwhites.
The reason that unemployment has
not changed significantly in the face of
reduced labor demand is that there
have been sizable withdrawals from the
labor force. Since January, withdrawals
from the work force have totaled
% million for adult women and 200,000
each for adult men and teenagers. According to the Labor Department, bad
weather has held down the entrance
of temporary seasonal workers into
outdoor jobs; in addition, an exceptionally large advance occurred in the
female labor force in the second half
of 1966, and this was not likely to be
sustained.
June 1967
the comparable period of 1966, when
the steel industry was operating close
to peak levels.
Since the low point in February, tne
production of passenger cars has paralleled the pattern of dealers' sales. In
line with the improvement in new car
sales, assemblies in April and May combined were 13 percent higher than the
first quarter average though they were
still 12 percent below the fourth quarter
of 1966.
Production schedules for June call
for the building of nearly 780,000
passenger cars, well above May, after
seasonal adjustment. Factory shutdowns and vacations for the model
changeover period are expected to
begin in mid-July, about the same
time as in 1967. According to present
industry plans, however, plant shutdowns will be shorter than last year,
and production of the new models will
start somewhat earlier. This will enable
the industry to turn out a relatively
large volume of the new models before
the expiration of the labor contract on
September 6.
Consumer spending rises
Sales of new domestically produced
passenger cars, after increasing in
March and April, were about unchanged
in May. The seasonally adjusted annual
rate of new car sales held at the 7.9
million figure for April, well above
average monthly sales of 7.2 million
units in the first quarter of 1967. Sales
in early June showed an improvement
over the May rate. At the end of May,
Production continues lower
dealer inventories of new cars, about
Industrial production declined further in May. The Federal Reserve sea- 1.3 million units on a seasonally adsonally adjusted production index, at justed basis, were equivalent to 2
155.5 percent of the 1957-59 base months of sales; this compares with 2.4
period, was 0.3 percent below April months at the end of March 1967 and
and 2.2 percent below the December 2.5 months on May 31, 1966.
With auto sales showing some recovhigh. The output of durable goods held
ery from the low first quarter rate and
steady while production of nondurable
with other retail sales also higher,
goods declined.
In the steel industry, output of consumer spending this quarter should
iron and steel declined slightly in May, show a large increase over the first.
seasonally adjusted, although new or- Revised data for April put seasonally
ders placed with steel producers ad- adjusted sales above the March rate,
vanced sharply from March to April. and preliminary figures point to a furMonthly production of raw steel has ther rise in May. The May increase
held within a relatively narrow range centered in nondurable goods, despite
so far this year; through May, output unfavorable weather, which has affected
has been running some 7 percent below sales of summer clothing.
SUEVEY OF CUEEENT BUSINESS
June, 1967
Money and Credit Markets
So far in 1967, heavy demands for
long-term capital funds have brought a
record volume of new security offerings.
With pressures in capital markets
emerging in April and intensifying in
May, bond yields rose. The strong
demand for funds has occurred partly
because corporations have maintained
their fixed investment close to peak
rates in the face of reduced flows of
internally generated funds. The unexpectedly heavy demand for long-term
funds also reflects the return to the
market of borrowers who were forced to
borrow short-term funds during last
year's credit shortage or who chose, like
State and local governments, to defer
financing until more favorable terms
became available. Furthermore, the unusually heavy demands probably reflect
anticipation of scarce credit and higher
costs in the second half of this year.
While bond yields were climbing
sharply during recent weeks, unusually
large flows of funds to short-term
markets helped to continue a pro-
nounced 6-month decline in interest
rates. These heavy flows of short-term
funds are in part the product of persistent Federal Eeserve efforts to ease
credit conditions. In addition, funds
have been channeled to short-term
markets as a byproduct of the attempt
by banks, other financial institutions,
corporations, and households to reconstruct liquidity positions that were
badly depleted during last year's severe
credit shortages.
Expansive monetary policy
Stimulative monetary policy again
prevailed in May as the Federal Eeserve System continued to provide a
liberal supply of reserves to the banking
system. At the end of May, seasonally
adjusted total reserves—the base for
credit expansion—were more than $1
billion higher than at the close of 1966.
With reserves plentiful, member bank
borrowing at Eeserve banks declined to
an average of $100 million, the lowest
level since January 1963. Free reserves
rose sharply in May to $266 million,
their highest level since April 1963; this
indicator of monetary policy is the difference between borrowings and excess
reserves.
Commercial bank credit rose $2.3
billion seasonally adjusted last month,
continuing the strong expansion in
progress since last November. The entire May advance occurred in the
investment component of bank credit.
Since the beginning of the year, commercial bank loans have risen $5.9
billion or 2.8 percent while investments
have increased $9.5 billion or 9.3 percent. This pronounced expansion in the
security holdings of commercial banks
reflects the attempt by banks to rebuild
liquidity and stands in sharp contrast to
the situation last year, when banks sold
securities to accommodate loan demands.
In the wake of easing credit conditions, deposit liabilities of commercial
banks were up sharply. Seasonally adjusted demand deposits rose $1.3 billion
during the month and time deposits
$1.6 billion.
Nonfinancial Corporations: Gross Product and Unit Costs
1967
1966
1964
1965
I
1966
II
III
IV
I
Seasonally adjusted at annual rates
Billions of dollars
Gross product originating in non financial corporations
345.3
374.6
407.7
397.7
404.0
409.8
419.3
419.2
Capital consumption allowances
32 9
Indirect business taxes plus transfer payments less subsidies ... 33.3
Compensation of employees
218.7
Wages and salaries . _ _
197.3
Supplements to wages and salaries
21.4
Net interest .5.2
Corporate profits and inventory valuation adjustment
55.2
Profits before tax
55.6
Profits tax liability- ._
24.3
Profits after tax
31.3
Dividends... _ _
14.6
Undistributed profits
16.8
Inventory valuation adjustment
-.4
35.3
35.8
235.5
212.3
23.2
5.9
62.1
63.6
27.5
36.1
16.2
19.9
-1.5
37.8
37.3
259.3
231.5
27.8
6.5
66.9
69.0
29.8
39.3
17.8
21.5
-2.1
36.8
35.7
251.6
224.8
26.8
6.3
67.3
70.1
30.2
39.9
17.7
22.2
-2.8
37.5
36.9
256.6
229.1
27.4
6.5
66.6
69.5
30.0
39.5
18.0
21.5
-2.9
38.1
37.7
261.8
233.7
28.1
6.6
65.6
68.3
29.5
38.8
17.9
20.9
-2.8
38.7
38.8
267.0
238.2
28.8
6.7
68.2
68.2
29.3
38.9
17.5
21.4
.0
39.3
39.2
270.8
240.9
29.9
6.7
63.3
64.0
27.5
36.5
18.3
18.2
-.8
378.3
383.6
380.3
Billions of 1958 dollars
Gross product originating in non financial corporations
329.0
354.5
377.6
373.7
375.0
Dollars
Current dollar cost per unit of 1958 dollar 2 gross product
originating in non financial corporations
Capital consumption allowances
Indirect business taxes plus transfer payments less subsidies .__
Compensation of employees. __ ._
Net interest
Corporate profits and inventory valuation adjustment
Profits tax liabilitv
Profits after tax plus inventory valuation adjustment..
1
2
1.050
1.057
1.080
1.064
1.077
1.083
1.093
1.102
.100
.101
.665
.016
.168
.074
.094
.100
.101
.664
.017
.175
.078
.098
.100
.099
.687
.017
.177
.079
.098
.098
.096
.673
.017
.180
.081
.099
.100
.098
.684
.017
.177
.080
.097
.101
.100
.692
.017
.173
.078
.095
.101
.101
.696
.017
.178
.076
.101
.103
.103
.712
.018
.166
.072
.094
Excludes gross product originating in the rest of the world.
This is equal to the deflator for gross product of nonfinancial corporations, with the decimal point shifted two places to
the left.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
June 1967
NATIONAL INCOME AND PRODUCT TABLES
1965
1964
1966
1965
1967
1966
I
IV
III
II
1965
I
IV
1964
1965
1966
1966
I
IV
Seasonally adjusted at annual rates
II
1967
III
IV
I
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1958 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
_ _
631.7
_
Dura ole goods
Nondurable goods
Services
681.2
739.6
704.4
721.2
732.3
745.3
759.3
763.7
580.0
614.4
647.8
631.2
640.5
643.5
649.9
657.2
656.7
401.4
431.5
464.9
445.2
455.6
460.1
469.9
474.1
479.9
373.8
396.2
415.5
406.5
412.8
412.2
418.3
418.5
422.0
59.4
178.9
163.1
Gross national product-
Personal consumption expenditures. _
66. 1
190.6
174.8
69.3
206.2
189.4
68.0
197.0
180.2
70.3
201.9
183.4
67.1
205.6
187.4
70 2
208. 1
191.5
69.6
209.2
195.3
68.4
212.5
199.1
59.1
170.5
144.2
66.4
178.2
151.6
70.7
186. 0
158.7
69.2
182.5
154.8
72.2
184.1
156.5
68.5
185.8
157.9
71 6
187. 1
159.6
70.6
187.1
160.8
69.6
190.1
162.3
104.7
102.2
117.0
111.9
114.5
118.5
115.0
120.0
109.3
86.5
97.8
103.5
106.3
102.5
106.4
95.7
88.3
60.7
21.0
39.7
27.6
27.0
.6
4.7
5.3
-.6
97.5
69.7
24.9
44.8
27.8
27.2
.6
9.1
8.1
.9
105.1
79.3
27.8
51.4
25.8
25.3
.6
11.9
12.2
—.3
101.5
73.9
26.8
47.1
27.6
27.0
.5
10.4
9.0
1.4
105.6
77.0
28.5
48.5
28.6
28.0
.5
8.9
8.5
.5
106.2
78.2
27.9
50.3
28.0
27.4
.6
12.3
12.1
2
105. 1
80.3
27 7
52.6
24.8
24.3
6
9.9
10.4
— 5
103.5
81.6
27.3
54.4
21.9
21.3
.6
16.4
17.6
-1.2
103.7
81.6
28.7
52.9
22.1
21.5
.6
5.6
6.0
— .4
81.9
57.4
18.9
38.5
24.6
24.0
.5
4.6
5.2
-.6
89.0
64.9
21.7
43.2
24.1
23.6
.5
8.8
8.0
.9
93.6
72.1
23.4
48.7
21.5
21.0
.5
11.1
11.4
-.3
91.9
68.4
23.2
45.2
23.5
23.0
.5
10.2
8.9
1.3
95.0
70.8
24.3
46.4
24.3
23.8
.5
8.5
8.0
.4
94.7
71.3
23.6
47.7
23.4
22.9
.5
11.6
11.4
2
93.5
73.0
23.2
49.8
20.5
20.0
.5
9.1
9.6
—.5
91.2
73.3
22.7
50.7
17.9
17.4
.5
15.2
16.4
-1.2
90.5
72.6
23.7
48.9
17.9
17.4
.5
5.2
5.6
-.4
8.5
37.0
28.5
7.0
39.0
32.0
4.8
42.7
37.9
6.1
40.3
34.2
6.0
41.7
35.6
4.7
41.9
37.3
4.2
43 4
39.2
4.1
43.6
39.5
5.4
45.6
40.2
8.5
36.4
28.0
6.3
37.3
31.0
4.7
41.1
36.4
6.0
38.7
32.8
5.9
40.1
34.2
4.6
40.3
35.8
4.2
41.8
37.6
4.1
42.0
37.9
5.3
43.9
38.6
Government purchases of goods and services
Federal
National defense
Other
State and local
128.9
65.2
50.0
15.2
63.7
136.2
66.8
50.1
16.7
69.4
153.0
76.9
60 0
16.9
76.2
141.2
69.8
52 5
17.3
71.4
145.0
71.9
54.6
17.4
73.1
149.0
74.0
57 1
16.9
75.0
156
79
62
17
77
2
0
0
0
2
161.1
81.7
65.5
16.2
79.4
169.1
87.0
69 7
17.2
82.1
111.3
57.8
114.1
57.8
123.2
64.0
116.6
59.3
118.3
60.4
120.4
61.9
124.9
65.5
128.3
67.6
133.6
71.6
53.4
56.3
59.1
57.3
57.9
58.5
59.4
60.7
62.0
Addendum: Implicit price deflator for seasonally
adjusted GNP, 1958 = 100
108.9
110.9
114.2
111.6
112.6
113.8
114.7
115.5
116.3
93.0
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm .
_ _ _ _ _ _ _ _
Farm
Change in business inventories _
Nonfarm
_ _ _
_ _ _ _ _ _ _ _ _ _ _
Farm
Net exports of goods and services
Exports
Imports
_ _ __ . _
106.6
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
631.7
681.2
739.6
704.4
721.2
732.3
745 3
759.3
763.7
580.0
614.4
647.8
631.2
640.5
643.5
649.9
657. 2
656.7
627 0
4.7
Gross national product
Final sales
Change in business inventories
672. 1
9.1
727.7
11.9
694.0
10.4
712 3
89
720 0
12 3
735 4
99
742.9
16.4
758.1
5.6
575.4
4.6
605 6
8.8
636.7
11.1
621.0
10.2
632.0
8.5
631.9
11.6
640 8
9. 1
642.0
15.2
651.5
5.2
318.2
344.7
377.2
358.8
366.0
371.6
379 6
390.7
385.1
307.2
328.5
351.5
341.0
344.7
346.7
352.8
360.9
355.2
Final sales
Change in business inventories
313 6
4 7
335 7
9. 1
365.3
11.9
348 4
10 4
357 0
89
359 3
12 3
369 7
9 9
374.2
16.4
379.5
5.6
302 6
4 6
319 7 340.4
11.1
88
330 7
10 2
336 2
8.5
335.1
11.6
343 7
9 1
345.7
15.2
350.0
5.2
Durable goods
Final sales
Change in business inventories
125 5
122.2
3.3
138 5
132 2
6.3
154 9
145.9
9.0
142 6
137 9
4.7
147 6
141 8
5.8
149 6
140 6
9.0
158 1
148 7
9 5
163 6
151.7
11.9
153 4
151.4
1.9
123 1
119 9
3.2
135 5
129 4
6.1
150 8
142.4
8.4
140 3
135 7
4.7
145 4
139.9
5.5
146 0
137.6
8.4
153 7
145 1
8.7
157.4
146.5
10.9
147.5
145.8
1.7
Nondurable goods. . _ _
Final sales
Change in business inventories
_- 192.7
191 3
1.4
206.3
203 5
2.7
222.4
219 5
2.9
216.2
210 5
5.7
218.4
215 2
3.1
222.0
218 7
3.3
221 4
221 0
5
227.1
222 5
4.6
231.7
228 1
3.7
184.1
182 7
1.4
193.0
190 3
2.7
200.8
198 0
2.7
200.6
195 1
5.6
199.4
196 3
3.0
200.8
197 6
3.2
199.0
198 6
.4
203.5
199.2
4.3
207.7
204.2
3.6
244.5
262.0
285.9
268 8
275 5
282 1
289 9
296.2
304.2
211 2
221 1
232.4
224.0
227.7
230.9
234 4
236.6
240.5
68.9
74.5
76.6
76.9
79.8
78 6
75 §
72.5
74.5
61.7
64.8
64.1
66.2
68.0
66.0
62.8
59.8
61.0
25.8
31.4
29.4
30.5
31.5
28.6
27 9
29.4
24.9
25.4
31.4
29.9
30.7
32.2
29.1
28.5
29.7
25.5
Goods output
Services. _ _
Structures
_ _ _ _ _
______
Addendum: Gross auto product
__
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Private
.__
Business
Nonfarm
Farm
Households and institutions
Rest of the world
General government
631 7
681 2
739.6
704 4
721 2
732 3
568 7
613 4
663 4
633 8
648 4
657 6
547
527
20
17
4
590
567
23
18
4
8
1
8
3
3
639 5
614 7
24 8
19.5
4 4
611
586
24
19
3
624
599
25
19
4
67 8
76 2
4
0
4
3
0
63 0
2
6
7
1
4
70 6
9
3
7
1
4
72 §
634
609
25
19
4
0
0
0
1
5
74 7
745 3
759 3
763 7
580 0
667 7
679 4
681 2
530 8
643
619
24
19
4
5
1
4
7
6
655 3
631 0
24 3
20 0
41
77 6
79 9
657
633
24
20
3
0
0
0
4
9
513 3
491 2
22 0
13 6
39
82 5
49 2
614 4
647 8
631 2
640 5
643 5
649 9
657.2
656.7
563 5
593 6
579 4
588 0
589 9
595 1
601.5
599.9
545
^21
23
14
4
574
552
22
14
4
569
546
23
14
4
571
548
22
14
4
576
554
21
14
4
2
5
7
5
4
582 8
560.1
22 8
14.6
4.0
581.3
557.1
24 1
14.8
3.8
54 8
55.8
56.8
4
7
8
0
1
50 9
9
3
6
4
3
54 2
561
537
24
14
3
6
5
1
5
3
51 8
4
4
0
3
3
52 5
4
4
9
2
3
53 6
SURVEY OF CURKENT BUSINESS
June 1967
1965
1964
1965
1966
IV
1966
I
II
1967
III
IV
1965
I
1964
1965
1966
IV
1966
I
II
1967
III
IV
I
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Billions of dollars
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
Gross national product
Billions of dollars
- 631.7 681.2 739.6 704.4 721.2 732.3 745.3 759.3 763.7
Less: Capital consumption
allowances
56.0
59.6
63 1
60.8
61.6
62 7
63 7
64 6
65.6
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less: Corporate profits and
inventory valuation
adjustment
Contributions for social
insurance
Wage accruals less disbursements _ _
Plus: Government transfer
payments to persons
Interest paid by government (net) and by
consumers. __
Dividends
Business transfer payments.
Equals: Personal income
58.5
62.7
65.5
63.6
63.0
64.7
66.3
2.5
2.6
-1.4 -1.6
2.6
< 2
2.6
.4
2.6
-.8
2.6
—.9
2.6
.4
2.6
2.6
-.4 -2.3
1.4
.9
.8
9
1.5
2.2
1.3
1.0
68.1
68.7
1.6
517.3 559.0 610.1 577.8 595.7 604.1 613 8 626.7 630.8
66.6
74.2
80.2
76.9
80.0
79 9
79.1
81.7
76.7
28.0
29.2
37 8
29.8
36 5
37.0
38.5
39 3
41.5
.0
.0
.0
.0
.0
.0
.0
.0
.0
34.2
19.1
17.3
2.5
37.1
20.6
19.2
2.6
41.9
22.8
20 9
2.6
37.9
21.0
20.2
2.6
40.0
21.9
20.9
2.6
40.1
22.5
21. 1
2.6
42.3
23.0
21.1
2.6
45.3
23.8
20 7
2.6
48.6
24.4
21.5
2.6
496.0 535.1 580.4 552.8 564.6 573.5 585.2 598.3 609.7
National income
517.3 559.0 610.1 577.8 595.7 604.1 613 8 626.7 630.8
Compensation of employees
Equals: Net national product- - - 575.7 621.6 676.5 643.6 659.7 669.6 681.6 694.7 698.2
Less: Indirect business tax
and nontax liability
Business transfer payments.
_ _ _ _ _ _
Statistical discrepancy
Table 6.—National Income by Type of Income (1.10)
365.7 392.9 433.3 406.5 419.6 427.9 438.3 447.5 456.1
Wages and salaries
Supplements to wages and
salaries
Employer contributions for
social insurance
Other labor income _
Employer contributions
to private pension and
welfare funds
Other
33.9
36 3
38 8
37 2
37 7
38 5
39.1
39 7
40.3
34.8
37.4
38 9
37 Q
37.3
38 5
39.4
40 5
40.9
Income originating in corporate
292.3 317.5 348.2 328 8 340.1 345.0 349.7 357.9 357.3
business
Compensation of employees. . 231.4 249.0 273.8 256.8 265.9 271.1 276.5 281.8 286.0
208.5 224.1 244 1 231.2 237.2 241 8 246.4 251.0 254.0
Wages and salaries
Supplements
22.9 24.8 29.7 25.7 28.7 29.3 30.0 30.7 32.0
Net interest
—2.7 -2 5 —2 5 —2 4 —2 4 —2 5 -2.5 —2 5 -2.6
Corporate profits and inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends..
Undistributed profits. _ _
Inventory valuation adjustment
34.5
41 0
35.7
39 6
40.5
41 5
42 5
44 3
15.4
16.0
20 2
16.3
19 6
19 9
20 4
20 8
21 8
16.6
18.5
20.8
19.4
20.0
20.6
21.1
21 7
22.5
13.7
3.0
15.4
3.1
51.9
55.7
57.8
57.1
58.4
57.9
57 3
57.5
57.0
40.7
41.8
41.1
41.4
41.6
41.9
42.3
42.2
41.0
42.2
-.4
—.4
12.0
15.1
16.0
16.0
17.0
16.3
15.4
15.2
14.8
17.7
18.3
18.9
18.5
18.7
18.8
18 9
19.1
19.3
66.6
74.2
80.2
76.9
80.0
79.9
79 1
81.7
76.7
67.0
75.7
82.3
78.7
82.7
82.8
81.9
81.8
77.4
28.4
38.7
17.3
21.3
31.2
44.5
19.2
25.3
33.9
48.4
20.9
27.4
32.4
46.3
20.2
26.1
34.1
48.7
20.9
27.8
34.1
48 7
21.1
27.6
33.7
48 2
21 1
27.1
33.7
48.1
20.7
27.4
31.8
45.6
21.5
24.0
Farm
._ __
Rental income of persons
Profits before tax
Gross corporate product- 360.9 391.2 425.9 403.9 415.2 422.0 428.1 438.2 438.4
32.0
Business and professional
39.9
Income of unincorporated
enterprises
._ 39.9
Inventory valuation adjustment
.0
Proprietors' income
Corporate profits and inventory
valuation adjustment
Table 5.—Gross Corporate Product* (1.14)
Capital consumption allowances
Indirect business taxes plus
transfer payments less subsidies
333.6 358.4 392 3 370.8 380.0 387 4 396 7 405 0 411 8
269.3 289.1 314 8 298.5 305.9 311 5 318 0 323 9 328 4
11.7 12.1 14 6 13.0 13.6 14.1 15 0 15 8 16.3
52.6 57.1 62.8 59.3 60.4 61.8 63.7 65.2 67.1
Private
Military
Government civilian
_
Profits tax liability- ..
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest
-.4 -1.5 -2.1 -1.8
15.5
17.8
20.0
18.7
-2.8 —2.9 -2.8
19.1
19.6
20.2
.0
-.8
21.0
21.6
Table 7.—National Income by Industry Division (1.11)
AH industries, total
75.7
78.5
33.7
44.7
19.5
25.2
78 7
78.7
33.7
45.1
19.2
25.9
73.8
74.6
31.8
42.8
20.1
22. 7
— 4 — 1 5 —2 1 — 1 8 —2 8 —2 9 —2.8
o
— .8
18.3
19.2
63.6
64.0
28.4
35.6
16.0
19.6
Gross product originating
infinancialinstitutions. . 15.6
71 0
72.5
31.2
41.3
17.7
23.6
16.5
76 9
79.0
33.9
45.1
19 4
25.7
18.2
74 4
76 2
32.4
43 7
19.0
24.7
17.2
76 7
79 5
34.1
45 4
19.4
26.0
17.5
76 4
79.3
34.1
45.2
19 5
25.7
18.0
18.3
Gross product originating
in no n financial corporations
...
345.3 374.6 407.7 386.7 397.7 404.0 409.8 419.3 419.2
Capital consumption allowances.- __
32.9
Indirect business taxes plus
transfer payments less subsidies-33 3
Income originating in nonfinancial corporations
279.0
Compensation of employees _ _ 218.7
Wages and salaries
197.3
Supplements ._
21.4
Net interest..
5.2
Corporate profits and inventory valuation adjustment
55.2
Profits before tax _
55.6
Profits tax liability
24.3
Profits after tax. _
31.3
Dividends
14.6
Undistributed profits... 16.8
Inventory valuation adjustment
—.4
Addenda:
Cash flow, gross of dividends:
All corporations
69 5
Nonfinancial corporations
64.3
Cash flow, net of dividends:
All corporations . .
53.5
Nonfinancial corporations
49.7
35.3
37 8
35 8
37 3
36 3
36 3
36 8
35 7
37 5
38.1
36 9
37.7
38 7
39.3
38 8
65 6
68.3
29 5
38 8
17 9
20.9
68.2
68.2
29 3
38.9
17 5
21.4
63. 3
64.0
27 5
36.5
18 3
18.2
— 1 5 —2 1 — 1 8 —2 8 —2 9 — 2 8
o
— 8
66.9
69.0
29.8
39.3
17 8
21.5
64.9
66.7
28 5
38.2
17 5
20.7
67.3
70.1
30.2
39.9
17 7
22.2
66 6
69.5
30 0
39 5
18 0
21.5
77 6
71.4
83 8
77.0
80 9
74.4
83 1
76.7
83 7
76.9
83 8
76.9
84 8
77.6
83 0
75.8
59 9
55.2
64.5
59.2
61.9
57.0
63 7
58.9
64 2
59.0
64 3
59.0
65.6
60.1
63.0
57.5
Digitized1. Excludes gross product originating in the rest of the world.
for FRASER
17.7 21.0 22.2 22.1 23.2 22.6 21.6 21.5 21.3
32.4 34.8 37.7 35.9 37.1 37.5 37 9 38.1 38.7
155.1 170.4 188.5 176.5 184.4 186.7 188.6 194.2 191.2
61.5 65.6 71.4 67.5 69.8 71.0 71.5 73.2 73.5
93.6 104.8 117.1 108.9 114.7 115.7 117 1 121.0 117.8
Transportation
C ommunication
Electric, gas, and sanitary
services
Wholesale and retail trade
21.4
10.5
22.9
11.2
24.8
12.2
23.7
11.6
24.1
11.7
24.7
12.1
24.7
12.5
25.6
12.5
25.6
12.6
11.1
79.1
11.6
83.6
12.4
89.3
11.9
85.9
11.9
88.0
12.2
88.4
12.7
89.6
12.7
91.1
12.7
92.5
61.0
63.0
65.5
68 8
62.9
65.3
63.7
66.4
65.0
67.6
66.0
69.8
67.3
71.4
68.5
72.6
75.2
4.3
84.4
4.4
78.5
3.4
80.7
4.4
82.7
4.5
85.8
4.6
88.2
4.1
90.9
3.9
Finance, insurance, and real
57.1
estate
58.9
Services
Government and government
70.0
enterprises
Rest of the world
_. 4.0
39.2
303.5 332.7 314.1 325 2 329.7 334.0 341.8 340.3
235.5 259.3 243.0 251.6 256.6 261.8 267.0 270.8
212.3 231.5 219.0 224.8 229 1 233.7 238.2 240.9
23.2 27 8 24 0 26 8 27 4 28.1 28 8 29.9
5.9
6 5
6.6
6 3
6 7
6.7
6 3
6 5
62.1
63.6
27.5
36.1
16 2
19.9
517.3 559.0 610.1 577.8 595.7 604.1 613.8 626.7 630.8
Agriculture, forestry, and
fisheries
Mining and construction
Manufacturing
Nondurable goods
Durable goods
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
All industries, total
Financial institutions
Mutual
Stock
Nonfinancial corporations
M anu f acturing
Nondurable goods
Durable goods
Transportation, communication, and public utilities
All other industries
66.6
74.2
80.2
76.9
80.0
79.9
79.1
81.7
76.7
8.4
8.9
10.0
9.5
9.4
9.8
10.1
10.5
10.6
17
6.7
18
7.1
58.2
65.3
70.2
67.5
70.6
70.0
69.0
71.2
66.1
32.4
14.5
17.9
37.8
15.7
22.1
41.0
I7 3
2<5.8
39.6
16.4
23.2
41.9
17.2
24.7
40.6
17.2
23.4
39.5
17.0
22.5
42.0
17.6
24.4
38.0
16.9
21.1
10.4
15.4
11.1
16.4
11.9
17.2
11.5
16.4
11.3
17.4
12.0
17.4
12.2
17.2
12.1
17.0
11.6
16.5
SURVEY OF CURKENT BUSINESS
6
1965
1964
1965
1966
IV
III
II
1965
1967
1966
I
June 1967
IV
1964
I
1965
1966
1967
III
IV
I
Table 12.—Federal Government Receipts and Expenditures (3.1, 3.2)
Table 9.—Personal Income and Its Disposition (2.1)
496.0 535.1 580.4 552.8 564.6 573.5 585. 2 598.3 609.7
333.6 358.4 392.3 370.8 380.0 387.4 396.7 405.0 411.8
134.0 144.3 158.2 148.9 153.8 157.0 159.6 162.3 163. 4
107.2 115.5 127.2 119.2 123.0 126.0 128.6 131.2 131. 6
81.2 86.7 93.2 89.1 90.8 92.1 93.9 95.8 97. 8
54.1 58.1 63.5 60.5 61.3 62.5 64.4 65.8 67 2
64.3 69.2 77.4 72.3 74.1 75.9 78.8 81.0 83.4
Federal Government receipts. __ 115.1 124.9 142.5 126.9 136.0 141.0 145.3 147.9 149.0
Personal tax and nontax receipts...
Corporate profits tax accruals .
Indirect business tax and nontax accruals .. _ _ _ __
Contributions for social insurance
.. _
16.6
18.5
20.8
19.4
20.0
20.6
21.1
21.7
22 5
Federal Government expenditures
__.
Proprietors' income. ..
51.9
Business and professional. _ _ 39.9
Farm.
12.0
55.7
40.7
15.1
57.8
41.8
16.0
57.1
41.1
16.0
58.4
41.4
17.0
57.9
41.6
16.3
57.3
41.9
15.4
57.5
42.3
15.2
57. o
42 2
14.8
Purchases of goods and services
Rental income of persons
Dividends... _-
17.7
17.3
18.3
19.2
18.9
20.9
18.5
20.2
18.7
20.9
18.8
21.1
18.9
21.1
19.1
20.7
19 3
21.5
34.6
38.4
42.8
39.7
41.0
42.1
43.2
44.8
46 0
.. 36.8
39.7
44.6
40.5
42.6
42.8
44.9
48.0
51.2
16.0
18.1
21.0
18.6
19.5
19.7
21.2
23.5
24 6
2.6
5.3
12.9
2.2
5.6
13.8
1.8
6.1
15.7
2.0
5.8
14.1
2.0
5.9
15.2
1.6
6.0
15.4
1.8
6.1
15.8
1.8
6.3
16.4
2 l
6.5
18. o
Transfer payments -..
Old-age and survivors
insurance benefits
State unemployment
insurance benefits
Veterans benefits ...
Other
II
Billions of dollars
Billions of dollars
Wage and salary disbursements
Commodity-producing
industries
Manufacturing
Distributive industries . .
Service industries
Government
1966
I
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Personal income
IV
Less: Personal contributions
for social insurance
12.5
13.2
17.6
13.5
16.9
17.1
18.1
18.4
19. 8
Less: Personal tax and nontax
payments
59.4
66.0
75.1
66.7
69.5
73.6
77.4
79.8
48.6
26.5
54.2
29.1
61.9
31.7
54.7
30.3
57.1
31.9
60.7
31.9
63.9
31.6
65.7
31.4
66.6
29.7
16.2
16.8
15.9
16.7
15.2
16.1
16.2
16.4
16.3
23.9
24.8
33.0
25.2
31.7
32.2
33.6
34.3
36.4
118.1 123.4 142.2 127.0 133.7 137.1 145.8 151.5 159.5
65.2
66.8
76.9
69.8
71.9
74.0
79.0
81.7
87.0
National defense..
Other
50.0
15.2
50.1
16.7
60.0
16.9
52.5
17.3
54.6
17.4
57.1
16.9
62.0
17.0
65.5
16.2
69.7
17.2
Transfer payments.
To persons
To foreigners (net)
29.9
27.8
2.2
32.4
30.3
2.2
36.5
34.2
2.3
32.8
30.8
1.9
35.4
32.6
2.8
34.8
32.6
2.2
36.9
34.5
2.4
39.1
37.2
2.0
42.3
40.0
2.3
Grants-in-aid to State and
local governments
10.4
11.2
14.5
11.6
13.0
14.6
15.3
15.0
15.0
Net interest paid
8.3
8.7
9.6
8.8
9.3
9.5
9.7
10.0
10.2
Subsidies less current surplus
of government enterprises..
4.2
4.2
4.7
4.1
4.1
4.2
4.8
5.6
5.1
1.6
.3
-.2
2.3
3.8
81.1
Equals: Disposable personal
income. _
436.6 469.1 505.3 486.1 495.1 499.9 507.8 518.4 528 5
Less: Personal outlays
412.1 443.4 478.3 457.6 468.4 473.3 483.3 488.0
Personal consumption
expenditures
Interest paid by consumers
_ _ __
Personal transfer payments to foreigners
401.4 431.5 464.9 445.2 455.6 460.1 469.9 474.1 479.9
Addendum: Disposable personal income in constant
(1958) dollars
11.3
12.7
11.8
12.1
12.5
12.8
13.2
13. 6
.6
.6
.6
.6
.6
.7
.7
.6
.6
24.5
Equals: Personal saving
10.1
25.7
27.0
28.5
26.7
26.6
24.5
30.4
34. 4
406.5 430.8 451.6 443.9 448,4 447.9 452.2 457.6 464.9
Surplus or deficit (— ),
national income and
product accounts
-3.0
-.5 -3.6
-10.5
Table 13. — State and Local Government Receipts and Expenditures
(3.3, 3.4)
State and local government
receipts
69.6
75.3
84.3
77.3
80.1
83.2
85.9
88.0
89.2
Personal tax and nontax
receipts -10.8
Corporate profits tax accruals. 1.9
11.8
2.0
13.2
2.2
12.1
2.1
12.4
2.2
12.9
2.2
13.5
2.2
14.1
2.2
14.6
2.1
Indirect business tax and
nontax accruals ..
Contributions for social
insurance
42.3
45.8
49.5
47.0
47.8
48.7
50.0
51.6
52.4
4.1
4.5
4.8
4.6
4.7
4.8
4.9
5.0
5.1
Federal grants-in-aid
10.4
11.2
14.5
11.6
13.0
14.6
15.3
15.0
15.0
101.4 109.1 115.5 113.6 113.2 113.9 112.5 122.3
123.2
Table 10.—Personal Consumption Expenditures by Major Type (2.3)
Table 14.—Sources and Uses of Gross Saving (5.1)
uasonne and oil.. _
Other
14.1
38.4
Services.
15.1
41.1
16.1
45.0
15.7
42.3
15.8
43.3
16.1
45.0
16.1
45.4
16.6
46.4
Gross private saving _ _ _
163.1 174.8 189.4 180.2 183.4 187.4 191.5 195.3 199. 1
59.2 63.2 67.7 64.7 66.0 67.1 68.2 69.5 70. 6
24.3 25.6 27.2 26.3 26.5 27.1 27.6 27.7 27'g
11.8 12.8 14.0 13.4 13.5 13.9 14.2 14.5 14* 9
67.8 73.3 80.5 75.8 77.5 79.4 81.5 83.5 85' s
Housing _
Household operation
Transportation.,
Other
i
National Income and.
Table 11. — Foreign Transactions in the
Product Accounts (4.1)
Receipts from foreigners
Personal saving
Undistributed corporate
profits
_Corporate inventory valuation adjustment
Corporate capital consumpNoncorporate capital consumption allowances
Wage accruals less disbursements
Government surplus or deficit
(— ), national income and
product accounts
37.0
39.0
42.7
40.3
41.7
41.9
43.4
43.6
45. 6
Exports of goods and services. _. 37.0
39.0
42.7
40.3
41.7
41.9
43.4
43.6
45.6
37.0
39.0
42.7
40.3
41.7
41.9
43.4
43.6
45. 6
Federal
State and local
Imports of goods and ser vices. _. 28.5
Gross investment
Payments to foreigners
Transfers to foreigners
Personal
Government
__
Xet foreign investment
32.0
37.9
34.2
35.6
37.3
39.2
39.5
40. 2
2 8
.6
2.2
2 8
.6
2.2
2.9
.6
2.3
2.5
.6
1.9
3.4
.6
2.8
2.9
.7
2.2
3.1
.7
2.4
2.6
.6
2.0
2. 9
6
23
5.7
4.2
1.8
3.5
2.6
1.8
1.1
1.5
2 5
Gross private domestic
investment
Net foreign investment
Statistical discrepancy
24.5
25.7
27.0
21.3 25.3
27.4
26.7
26.6
24.5
30.4
34.4
26.1 27.8
27.6
27.1
27.4
24.0
28.5
-.4 -1.5 -2.1 -1.8
-2.8 -2.9 -2.8
.0
-.8
39.7
40.3
33.9
36.3
38.8
37.2
37.7
38.5
39.1
22.2
23.3
24.4
23.6
23.8
24.2
24.5
24.9
25.3
.0
-9.1
.0
-1.4
-3.0
1.7
.0
.0
.0
.0
.0
.0
.0
3.2
3.5
1.4
4.7
7.3
3.3
-.4
1.6
1.6
.3
3.2
-.2
1.6
2.3
2.4
3.8
3.5
-.5 -3.6 -10.5
1.4
3.8 3.3
98.7 110.7 118.8 115.4 117.1 120.3 116.1 121.5
111.8
93.0 106.6 117.0 111.9 114.5 118. 5 115.0 120.0
5.7 4.2
1.1 1.5
1.8 3.5 2.6
1.8
109. 3
2.5
-1.4
-1.6
-.2
.4
-.8
-.9
.4
-.4
-2.3
June
SURVEY OF CURRENT BUSINESS
1967
Plant and Equipment Expenditure Anticipations
Plant and Equipment Expenditures
(ratio scale)
Billion $
30
20
-
Commercial and Other
\
15
--•--o
-
Durable Goods
Manufacturing <
\ Nondurable Goods
Manufacturing
10
Public Utilities
Transportation
excl. Railroads
\
Railroads
\ Mining
1964
1965
1966
1967
Quarterly, Seasonally Adjusted at Annual Rates
o Anticipated
U.S. Department of Commerce, Office of Business Economics
BUSINESSMEN plan to spend $62.4 filed. Its possible effect on current probillion 1 on new plant and equipment in grams is not known.
The survey also indicates that pres1967, an increase of 3 percent, or $1%
billion over 1966. Although outlays in sures on capacity in most manufacturthe first quarter declined 2 percent ing industries have eased appreciably.
from the record fourth quarter rate, Furthermore, manufacturers initiated
they are expected to change little during
the current quarter and to rise in the
latter half of this year.
The investment anticipations reManufacturers' Evaluation of
ported in late April and May to the
Capacity Needs
Department of Commerce and the
Securities and Exchange Commission
Pressure on capacity fell in late 1966,
indicate some scaling down in the proand early 1967
grams reported 3 months ago. For the
year as a whole, the downward revision Percent of Capital Assets
amounts to about 1 percent. First 60
MORE PLANT AND EQUIPMENT NEEDED
quarter expenditures, at a $61.6 billion
seasonally adjusted annual rate, were 55
$1 billion less than anticipated in the
previous survey; relatively smaller 50
downward adjustments were reported
for the remainder of 1967.
45
Reductions in 1967 capital spending
programs from those reported 3 months 40
earlier were most pronounced in the
nonrail transportation and commercial- 35 * I I I I I I I | I I I I I I
communications industries. Projected
investment by public utility and manu- 6Q PLANT AND EQUIPMENT ADEQUATE
facturing companies is about the same
as reported earlier, while railroads are 55
now programing a slightly smaller decline for 1967 than before.
50
Although the reinstatement of the
investment tax credit was requested by
the President on March 9, 1967, and 45
was passed by the House of Representa- 40 I I I I I I I I | I I I I
tives on May 9, it had not yet become
a law when the survey reports were
PLANT AND EQUIPMENT EXCEEDS NEED
* The reported figures for anticipations are adjusted for
systematic biases (footnote 2, table 6). Before adjustment,
expenditures for 1967 were anticipated to be $60.9 billion for
all industries, $27.6 billion for manufacturing, and $33.3 billion for nonmanufacturing. The adjustments were applied
separately to each major industry; the net effect was to raise
the manufacturing total by $0.30 billion and the nonmanufacturing total by $1.14 billion.
I
I I
1964
I
I
1965
I
I
I
1966
I
I
I
I
1967
End of Quarter Data, Not Adjusted for Seasonal Variation
U.S. Department of Commerce, Office of Business Economics
Data: OBE-SEC
67-6-4
SURVEY OF CURRENT BUSINESS
8
Table 1.—Plant and Equipment Expenditures 1966 and Anticipated 1967
[Billions of dollars, Seasonally adjusted annual rates]
1966
I
AH industries
Manufacturing
Durable goods
Nondurable goods
II
19 67
III
IV
I
II i
IIIi
IV i
58.00
__ .
Nonmanufacturing
61.25
62.80
61 65
61 55
62 80
63 6
26. 80
13.85
12 95
27. 55
14.35
13 20
27. 75
14.50
13 25
27.85
14.20
13 70
27.30
14.20
13 10
^8 35
14.60
13 70
28 1
14 9
13 ?
32.40
-
60. 10
25.60
13.15
12.45
33.30
33.70
35.05
33.80
34 25
34 50
35 5
1
Anticipated.
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities and Exchange Commission.
fewer new investment projects in the
opening quarter of 1967 than in any
other period in the past 2 years, and
the carryover of uncompleted investment projects on March 31 showed a
less-than-seasonal rise from the end of
1966. Public utility companies, however,
sharply increased the volume of new
investment starts in the opening quarter
of 1967, and the March 31 carryover of
uncompleted programs was the highest
on record.
quarter, and a further 1 percent increase for the fourth. If these gains are
realized, expenditures would advance to
a record $63.6 billion during the closing
3 months of 1967.
Manufacturing, mining, communication, and nonrail transportation companies expect to spend more in the
second half than in the first. Public
utilities, railroad, and commercial companies expect reductions.
Rise projected for second half
Manufacturers expect to invest $28
billion in new plant and equipment in
1967, an increase of $1 billion, or 3%
percent, over 1966. Both the durable
and the nondurable goods groups plan
to spend about $% billion more in
1967, bringing their outlays to $14%
billion and $13 % billion respectively.
Within the durable goods group, the
largest relative increases in spending
from 1966 to 1967 are projected by the
machinery industries, with both the
electrical and the nonelectrical groups
Expenditures for new plant and
equipment are expected to be $61.5
billion in the second quarter, just below
actual expenditures in the first. A 2
percent rise is projected for the third
Table 2. —Percent Change in Plant and
Equipment Expenditures, 1965-67
Actual 1966 to
anticipated 1967
as reported in
Actual
1965-66
February
All industries !
Manufacturing 1.l
Durable goods
Primary metals
Machinery _ Transportation equipment _
Stone, clay, and glass
Nondurable goods1
Food and beverage .
Textile __
Paper
Chemical
Petroleum
_
Rubber.
May
16.7
3.9
2.9
20.2
22.7
14.0
32.3
3.5
4.6
8.6
22.8
3.4
3.6
4.3
15.6
18.3
16.6
-9.0
-5.1
-3.8
-15.6
17.6
12.1
15.2
34.1
15.3
15.8
24.7
2.3
7.3
-11.6
2.8
1.9
3.7
21.7
3.2
5.4
-14.8
3.7
2.6
7.2
29.7
Mining
12.9
8.0
Railroad
14.2
-25.3
Transportation, other than rail.
22.3
14.7
11.1
Public utilities
21.1
8.8
8.5
Communication
13.6
3.0
0.5
Commercial and other. .
1
i
6.2
-22.6
8.1
Includes industries not shown separately.
Sources: U.S. Department of Commerce, Office of Business
Economics, and the Securities and Exchange Commission.
Manufacturing programs mixed
June 1967
expecting to spend about one-seventh
more this year than in 1966. However,
both groups made sizable reductions in
1967 programs from those reported 3
months ago. Expenditures are expected
to rise above current rates in the second
half. Producers of nonautomotive transportation equipment have strengthened
their investment programs substantially
in the past 3 months and are now budgeting a 7-percent rise for the year.
Producers of motor vehicles and stone,
clay, and glass products anticipate
large reductions in outlays from 1966;
expenditures in the second half of 1967
are expected to be lower than in the
first half.
Upward revisions in spending programs since the survey 3 months earlier
were widespread in the soft goods industries and largest among the petroleum and rubber companies. These two
industries and paper, chemical, and
food-beverage firms are all planning
larger outlays for new plant and equipment this year than in 1966. In contrast to the general movement in the
nondurable goods group, paper and
chemical companies are now planning
to spend less in the second half than in
the first. Textile companies, which had
expanded capital expenditures very
sharply in recent years, are planning
substantial cutbacks in 1967.
Carryover and starts
At the end of March, expenditures
yet to be made by manufacturers on
investment projects already underway
Table 3.—Carryover of Plant and Equipment Projects, Manufacturing and Public Utilities l
[Billions of dollars]
1964
Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept.
Manufacturing
Public utilities
Dec.
10 38 11 26 11 88 12 63 14 73 15.99 16.23 16 90 18 19 18. 33 18.48 3 18. 71
Durable goods 2 _ _
Primary metals
Electrical machinery
Machinery except electrical
Transportation equipment
Stone, clay, and glass
Nondurable goods 2
Food and beverage
Textile ._
__ _
Paper.- _
_
_
Chemical
Petroleum
1967
IS 66
19 65
11.47
4.55
1.08
1.19
2.97
.34
7.79 s 7.28
.70
.69
.52
.52
1.00
.81
2.35
2.27
2.59 32.38
7.35
.68
.48
.82
2.10
2.61
5.95
2.56
.37
.48
1.63
.38
6.21
2 59
.41
.41
1.86
.39
6.62
2 74
.41
.43
2.02
.40
7.98
3.05
.51
.85
2.31
.52
8.89
3.34
.60
.77
2.85
.53
8.82
3.38
.63
.80
2.73
.53
9.25 10.25 10.52 10.69
3.52 3.68 3.82 3.86
.92
.94
.89
.66
.78 1.31 1.12 1.00
2.91 2.88 3.06 3.18
.43
.50
.45
.48
_ _ _ _ _ 4.78
.42
.26
_ __
.61
1.26
1.90
5.31
.40
.28
.78
1.39
2.10
5.68
.40
.28
.77
1.61
2.23
6.01
.54
.29
.77
1.59
2.43
6.75
.60
.37
.88
1.74
2.62
7.10
.63
.46
.96
1.86
2.72
7.41
.78
.51
.97
1.90
2.80
7.66
.79
.54
.99
1.89
2.90
7.94
.78
.60
1.04
2.01
2.93
6.62
6.53
6.09
5.65
7.64
7.67
7.24
8.03
9.82 10.01
1
Carryover refers to expenditures yet to be incurred on
plant and equipment projects already underway.
2
Includes industries not shown separately.
3
18.82
11.43
4.48
.97
1.02
3.12
.42
5.61
2.30
.33
.53
1.48
.33
7.81
.77
.56
.94
2.15
2.80
Mar.
9.92
10.30
13.40
Revised.
Sources: U.S. Department of Commerce, Office of Business
Economics, and the Securities and Exchange Commission.
June 1967
totaled $18.8 billion, slightly higher
than in December and about $600 million higher than a year earlier. The rise
in carryover over the past year comprised an increase of $1.2 billion for the
durable goods industries and a decline
of $600 million for the nondurables;
both groups reported small increases in
carryover during the first quarter of
this year.
Carryover was reduced over the year
ending March 31, 1967, for motor
vehicles, stone, clay, and glass, and all
major nondurable goods industries except chemicals. While definitive seasonal adjustment factors are not available, the data suggest that, on a seasonally adjusted basis, declines in
carryover occurred during the first
quarter in all industries except petroleum and paper.
Starts of new projects by manufacturers during the first quarter of 1967
totaled $6.2 billion—$1.8 billion lower
than in the fourth quarter of 1966 and
$700 million lower than a year earlier.
The decline over the year centered in
the durable goods group, with starts by
nondurable goods companies about the
same as a year ago. When rough allowance is made for seasonal differences,
starts declined from the fourth to the
first quarter in nearly all manufacturing
industries.
Less pressure on capacity
The latest survey indicated a lessening of pressures on capacity. Companies
holding 45 percent of total fixed assets
in manufacturing considered their facilities on March 31 to be inadequate
for prospective needs over the next 12
months. This percentage was 6 points
below the figure a year earlier and 2
points below the ratio for December 31.
The decline from a year earlier in the
proportion of capacity considered inadequate was widespread among manufacturing industries. For the durable
goods industries, the latest figure was
45 percent, as against 52 percent at the
end of March 1966. In the nondurable
goods group, the current ratio of 45
percent compares with 49 percent a year
ago, with all component industries
showing a decline except petroleum,
where there was little change.
SUEVEY OF CUEEENT BUSINESS
The proportion of assets held by
firms reporting facilities in excess of
prospective needs was 5 percent—up
from 4 percent a year ago. Producers
accounting for 50 percent of fixed assets
in manufacturing felt that their facilities
were about adequate for current and
prospective needs over the next 12
months, as compared with 45 percent
a year earlier. Both durable and nondurable goods producers reported an
increase in this category over the year.
Nonmanufacturing investment
Nonmanufacturing companies plan to
spend $34.5 billion for construction and
Table 4.—Starts of New Plant and Equipment Projects, Manufacturing and Public
Utilities i
[Billions of dollars]
\nnua
1964
Manufacturing.
1965
1964
1966
II
I
Itm
1965
IV
III
II
I
III
IV
I
II
in
1967
IV
22.13 26.73 28.89 5.10 5.41 5.29 6.33 6.64 6.73 5.96 7.39 6.89 6.93 6.99 37.99
Durable goods 2
Primary metals
Electrical machinery
Machinery except electrical
Transportation equipment. Stone, clay, and glass
10.99 14.03 16.17 2.48 2.65 2.63 3.24 3.62 3.68 2.84 3.90 3.87 3.78 3.71
2.68 3 38 3 98
80
50 .77
58
84
89
70
99 .76
91
80
.76 1.10 1.50 .16 .20 .20 .20 .25 .29 .24 .31 .46 .32 .32
1.76
2 55
3 10
55
36
34
52
2.66
.79
3.44
.87
3.22
.83
.49
.19
.63
.22
.77
.18
.78
.20
.49
56
90
88
.92
.18
.76
.26
.47
.12
3.09
.32
.18
.41
.54
1.25
6.41
58
.81 1.21
.28 .21
.56
.20
72 1.14
.96
.25
Public utilities
43
6.21
4.81 3.12
1 51
75
.41
.38
11.14 12.70 12.72 2.61 2.76 2.68 3.10 3.02 3.06 3.13 3.49 3.02 3.15 3.28 33.17
1.19 1.49 1.29 .26 .24 .27 .42 .32 .35 .47
36 .30 .36 .27
.36
.84 1.23 1.11 .20 .19 .19 .26 .28 .32 .31 .33 .33 .28 .24
.25
_ _ 1.11 1.34 1.33 .19 .40 .23 .29 .34 .34 .31 .35 .35 .27 .45
.26
2.52 2.90 3.37
71 .76 .67 .76 .73 .90 .94
.81
59 .60 .72 .61
4.29 4.30 4.01 1.10 1.03 .97 1.18 .98 1.03 1.05 1.24 .97 .95 .92 31.08
Nondurable goods 2
Food and beverage
Textile
Paper
Chemical
Petroleum
83
I
.86
.18
.59
.14
9.32 10.68 2.34 1.48 1.27 1.32 3.30 1.75 1.44 2.83 3.38 2.28 2.28
1
Starts are estimated by adding changes in carryover to
expenditures during the given period.
2
Includes industries not shown separately.
2.74
4.93
3
Revised.
Sources: U.S. Department of Commerce, Office of Business
Economics, and the Securities and Exchange Commission.
Table 5.—Manufacturers' Evaluation of Their Capacity
[Percent distribution of gross capital assets] 1
End of month
1963
19 64
1967
19 56
19 55
Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec.
Mar.
More plant and equipment
needed
40
38
48
31
All manufacturing
Durable goods 2
_ Primary metals 3
Metal fabricators2
Nondurable goods
Food and beverage
Chemical
Petroleum
42
39
61
33
36
36
45
31
35
29
69
23
38
36
45
30
40
52
49
31
59
55
52
38
67
58
53
33
63
62
64
30
77
56
55
39
64
57
8
13
21
10
3
9
1
6
11
22
6
3
7
1
6
9
16
6
3
32
77
23
39
36
43
32
41
34
77
24
43
41
44
41
46
39
79
28
42
42
48
39
43
37
79
24
47
49
53
51
45
40
83
24
49
53
53
61
46
44
80
24
48
50
53
51
46
46
83
23
51
52
61
51
49
47
81
31
50
51
56
52
49
45
83
30
50
51
58
52
49
47
87
30
49
54
51
44
45
88
22
47
45
45
48
48
45
42
80
27
56
56
42
64
56
56
22
76
51
51
42
54
51
50
20
72
52
50
38
56
54
54
20
76
47
44
32
46
50
50
16
70
45
40
33
37
50
47
19
71
47
44
33
47
50
44
16
73
45
42
25
47
48
46
18
67
45
42
30
46
48
47
16
68
46
43
28
47
48
46
12
69
48
44
32
46
52
47
11
76
50
48
38
49
51
50
19
71
5
8
15
4
3
10
11
6
8
14
5
3
11
1
8
14
5
3
9
1
e
6
7
15
3
5
10
1
6
6
7
14
2
4
9
1
5
5
6
14
2
4
10
1
4
4
6
14
2
3
7
1
2
5
7
14
2
3
8
1
2
4
6
14
1
3
7
1
1
5
7
14
3
4
8
1
2
5
7
14
3
4
8
1
About adequate
All manufacturing
Durable goods 2
Primary metals 3
Metal fabricators
Nondurable goods 2
Food and beverage
Chemical
Petroleum
_ -
58
22
77
Existing plant and equipment
exceeds needs
AH manufacturing
Durable goods 2
Primary metals 3
Metal fabricators
Nondurable goods 2
Food and beverage
Chemical
Petroleum
(4)
10
1
(4)
1
According to respondent companies' characterizations of
their plant and equipment facilities, taking into account their
current and prospective sales for the next 12 months.
2
includes industries not shown separately.
o
3
Includes machinery, transportation equipment, and
fabricated metals industries.
4
Less than 0.5 percent.
Sources: U.S. Department of Commerce, Office of Business
Economics, and the Securities and Exchange Commission.
10
SURVEY OF CUKEENT BUSINESS
equipment in 1967, 2l/2 percent more
more than in 1966; this compares with
a 14-percent rise from 1965 to 1966.
Expenditures declined in the opening
quarter of this year but are expected
to rise in the remainder of the year.
Nonrail transportation, communication,
and mining companies anticipate that
spending in the second half of this year
will be higher than in the first half; over
the same period, public utilities expect
little change, while railroad and commercial companies project declines.
Nonrail transportation constitutes
one of the strongest spots in the current
investment picture while railroading is
one of the weakest. Within the nonrail
group, airlines have programed the
largest increase in outlays from 1966
to 1967. Pipelines are also projecting
higher expenditures, but trucking and
other transportation firms expect to
cut back their outlays. The substantial
reduction planned by railroads—22 percent—is confined to equipment purchases; outlays on roads are projected
at last year's rates.
Electric utility companies have scheduled a rise in spending of one-sixth
from 1966 to 1967, but gas companies
expect their expenditures to be nearly
10 percent smaller this year than last
and to decline through 1967. Utility
firms as a group reported carryover of
June 1967
uncompleted projects at $13.4 billion
at the end of March—up sharply from
both a year earlier and the end of
December 1966. These firms started
$4.9 billion of new projects in the
opening quarter of this year, up 46
percent from the first 3 months of 1966.
Within the commercial group, current
investment programs show a general
tendency to retrench on expenditures
for new plant and equipment during
1967. Declines from the 1966 total are
programed by trade, service, and construction firms. However, the finance
group is projecting a slight rise for this
year.
Table 6.—Expenditures for New Plant and Equipment by U.S. Business,1 1965-67
[Billions of dollars]
Quarterly, unadjusted
Annual
1965
1965 1966 19672
I
II
Quarterly, seasonally adjusted annual rates
1966
III
IV
I
II
1967
III
IV
I
112
1965
III 2
I
II
1966
III
IV
I
II
III
1967
IV
I
112
III 2
51.96 60.63 62.40 10.79 12.81 13.41 14.95 12.77 15.29 15.57 17.00 13.59 15.62 15.85 49.00 50.35 52.75 55.35 58.00 60.10 61.25 62.80 61.65 61.55 62.80
AH industries
Manufacturing industries
22.45 26.99 27.91 4.54 5.47 5.73 6.72 5.61 6.78 6.84 7.75 6.10 6.89 7.02 20.75 21.55 23.00 24.15 25.60 26.80 27.55 27.75 27.85 27.30 28.35
Durable goods industries
Primary iron and steel
. __
Primary nonferrous metal
Electrical machinery and equipment. __
Machinery, except electrical
Motor vehicles and parts
Transportation equipment, excluding
notor vehicles
Stone, clay, and glass3
Other durable goods
11.40 13.99 14.50 2.25 2.76 2.91 3.48 2.87 3.51 3.54 4.07 3.08 3.58 3.61 10.40 10.80 11.75 12.45 13.15 13.85 14.35 14.50 14.20 14.20 14.60
1.93 2.17 2.30 .36 .44 .50 .62 .42 .54 .56 .65 .48 .54 .60 1.70 1.80 1.95 2.20 2.00 2.20 2.20 2.25 2.35 2.25 2.40
.60 .60 .65 .80 .80 .90 .80 .90 .90
.80 .90
.86 .14 .15 .16 .22 .18 .22 .20 .25 .20 .21 .22
.68 .86
.85 1.19 1.36 .15 .20 .22 .29 .23 .29 .30 .38 .27 .33 .32
.70 .80 .90 .95 1.10 1.15 1.20 1.25 1.25 1.35 l.£
82
2.21 2.86 3 32
70
2.35 2.60 2.70 2.70 2.90 3.10 3.15 3.30 3.25
41
51
55
69
88
74
61
68
77 1 80 2 00
1.98 1.93 1.74 .43 .53 .52 .50 .43 .50 .50 .50 .38 .45 .45 2.10 1.95 2.00 1.90 2.10 1.85 1.90 1.90 1.80 1.70 1.70
Nondurable goods industries
Food and beverage
Textile _
Paper _
Chemical
Petroleum
Rubber
Other nondurable goods 4
11.05
1.24
.98
1.12
2.59
3.82
.34
.96
Mining
...
.58 1.09
.78 .91
2.41 2.98
1.17
.76
2.99
.10
.16
.51
.13
.20
.60
.16
.20
.60
.18
.21
.71
.18
.19
.62
.28
.22
.77
.30
.24
.76
.32
.26
.83
.24
.20
.61
.28
.20
.75
.32
.18
.74
.45
.75
.55
.75
.65
.85
.60
.80
.85 1.15 1.25 1.10 1.10
.85 .85 .95 .95 .90
13.00 13.42 2.28 2.70 2.82 3.24 2.74 3.27 3.30 3.68 3.02 3.31 3.42 10.40 10.70 11.25 11.70 12.45 12.95
1.39 1.46 .25 .32 .32 .34 .31 .37 .34 .36 .33 .39 .36 1.10 1.20 1.25 1.35 1.35 1.40
.85 .85 1.05 1.10 1.20 1.25
1.13
.96 .20 .22 .26 .30 .27 .32 .28 .26 .21 .23 .24
1.50 1 56 .22 .26 .30 .33 .30 .37 .39 .45 .40 .37 .38 1.05 1.05 1.20 1.20 1.35 1.50
2.99 3.07 .55 .64 .63 .77 .61 .75 .74 .88 .70 .78 .75 2.50 2.50 2.60 2.70 2.75 3.00
4.42 4.74 .79 .92 .97 1.14 .94 1.08 1.12 1.28 1.02 1.16 1.26 3.70 3.75 3.80 4.00 4.40 4.35
.42
.55 .07 .09 .09 .09 .08 .10 .11 .13 .11 .13 .15
.35 .40 .30 .30 .35 .45
1.14 1.07 .19 .24 .25 .28 .24 .28 .31 .31 .24 .26 .28
13.20
1.35
1.15
1.50
3.05
4.40
.40
13.25
1.40
.95
1.60
3.15
4.55
.45
1.10 1.30
.75 .70
13.70 13.10 13.70
1.45 1.45 1.40
.95
.90 .95
1.90 1.50 1.50
3.20 3.05 3.10
4.65 4.65 5.05
.55 .55
.50
1.50 1.65
1.30 1.47
1.56
.29
.33
.32
.35
.33
.40
.37
.38
.32
.38
.41
1.25 1.30 1.25 1.35 1.40 1.55 1.45 1.45 1.40
Railroad
1.73 1.98
1.53
.39
.44
.44
.46
.40
.55
.48
.55
.41
.40
.38
1.75 1.55 1.70 1.95 1.75 2.00 1.85 2.35 1.80
1.50 1.50
Transportation, other than rail
2.81 3.44
3.82
.58
.77
.72
.73
.75 1.00
.82
.86
.70 1.09 1.01
2.55 2.70 3.00 3.00 3.30 3.50 3.40 3.50 3.05
3.80 4.20
6.94 8.41
9.12 1.32 1.71 1.88 2.04 1.60 2.09 2.36 2.36 1.84 2.35 2.49
6.80 6.85 6.75 7.30 8.25 8.30 8.55 8.50 9.20
9.25 9.20
Public utilities
Communication
Commercial and other 5 __
__
_
_ __
4.94 5.62
11.79 12.74
Il8.46
J1.08 1.24 1.22 1.41 1.26 1.42 1.36 1.58 1.35
12.59 2.85 3.10 3.25 2.83 3.06 3.33 3.52 2.87
1
Data exclude expenditures of agricultural business and outlays charged to current accounts.
2
Estimates are based on anticipated capital expenditures reported by business in late April
and May 1967. The estimates for the second and third quarters of 1967 have been adjusted
when necessary for systematic tendencies in anticipatory data. The adjustment for each
industry and time period is based on the median ratio of actual to anticipated expenditures
for the past 5 years. However, no adjustment is made unless the anticipations have shown
a bias in the same direction in at least 4 of the last 5 years and in at least two-thirds of the
last 9 years.
3
Includes fabricated metal, lumber, furniture, instrument, ordnance, and miscellaneous
industries.
4
5
U.51 4.54
| 4.55 4.80 5.05 5.30 5.35 5.50 5.60 5.95 5.75
[11.30 11.60 11.95 12.25 12.35 12.45 12.85 13.30 12.55
il8.15 17.95
Includes apparel, tobacco, leather, and printing-publishing.
Includes trade, service, finance, and construction.
NOTE.—Details may not add to total because of rounding. Data for earlier years were
published in the June 1956, March 1958, 1960,1961,1962,1963,1964,1965, and 1966 issues of the
SURVEY.
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities
and Exchange Commission.
SURVEY OF CURRENT BUSINESS
June 1967
Manufacturers' Inventory and Sales Expectations
Second and Third Quarters, 1967
MANUFACTURERS reporting to the
Office of Business Economics in May
expected that in the second and third
quarters of 1967 their sales would rise
appreciably and quarterly inventory
additions would be more moderate
than during 1966 and early 1967. Sales
are expected to rise 1% percent this
quarter and 3 percent the next—after
declining 1 percent in the first 3 months
of this year. Producers anticipate that
their stocks will increase $1% billion
from March 31 to June 30 and an equal
amount from June 30 to September 30.
Manufacturers' Inventory and Sales Expectations
• Manufacturers expect sales and inventories to rise in second and third quarters
•Percent of inventories judged "high" rose in first quarter
DURABLE GOODS MANUFACTURERS
NONDURABLE GOODS MANUFACTURERS
Billion $
Billion $
Billion $
Billion $
3.0
80
75 2.5
75
70
70
80
-,
-
2.0
-
-
60 1.0
-
55
-
40
62
63
64
65
66
\m
55
50
-.5
-1.0
-1.0
1961
60
0
— 45
65
Inventory Change
(left scale)
.5
50
-.5
Sales
(right scale)
65 1.5
67*
1
1961
1
62
I
63
64
I
65
I
66
40
67*
Seasonally Adjusted
Seasonally Adjusted
INVENTORY POSITION
(End of Quarter)
Percent of Inventories
40
Percent High
Percent of Inventories
40
l
on
0
1961
^
62
(IF
63H^64
65
66
67
*2d and 3d quarters are anticipated.
1. Inventories of manufacturers who judged their stocks high as a percent of total manufacturers' inventories.
U.S. Department of Commerce, Office of Business Economics
11
Inventories rose $1.8 billion in the first
quarter and $2 billion to $3 billion per
quarter from March to December 1966.
The increase in the stock-sales ratio
that began early last year is expected
to continue to mid-1967, rising from 1.6
in March 1966 to 1.8; the ralio would
fall somewhat by September of this
year but would still be higher than
last September.
Manufacturers holding 31 percent of
producers' stocks classified their inventories as "high" on March 31, double
the percentage of a year earlier and up
3 points from December 31. Sixtyeight percent of stocks were considered
"about right/ 7 as compared with 81
percent a year ago; 1 percent was
"low" on March 31, as against 4
percent a year ago.
Sales rise expected
Durable goods producers expect sales
to rise \% percent from the first to the
second quarter and an additional 3K
percent from the second to the third,
after seasonal adjustment. The projected gains are almost double the actual
rise recorded in the second half of last
year. Sales fell 2 percent in the first
quarter of this year, largely because of
curtailed shipments of motor vehicles
and primary metals. Producers of primary metals expect a further decline
this quarter but some pickup in the
next; the transportation equipment
industry anticipates increases in both
quarters.
Nondurable goods producers projected sales gains of about IK percent
for this quarter and 2 percent for the
next, exceeding the actual rise in each
of the three previous quarters. Most of
the soft goods industries expect gains.
It is interesting to note that there
has been a significant shift in the relationship between anticipated and actual
changes in manufacturers' sales. The
data are shown in the table below. In
1965 and the first quarter of 1966,
actual sales consistently rose more than
anticipated in the earliest estimate.
Since the second quarter of 1966, however, the reverse has been true, and the
deviations have become progressively
larger. These sales disappointments
were an important factor in the large
inventory accumulation that occurred
SURVEY OF CURRENT BUSINESS
12
Quarterly Percent Change in Sales, Actual and Anticipated
[Seasonally adjusted]
Actual
1965
1st quarter
2d quarter.
3d quarter
4th quarter
1st
2d
3d
4th
quarter
quarter
quarter
quarter
1st quarter _
. ___
__
1966
_ _
_
_ _
1967
Anticipated
3.8
1.6
1.9
2.0
2.7
-.9
1.5
1.4
3.9
1.7
.7
1.4
1.2
2.0
1.5
2.8
—.8
reduced their ratio. Sixty-two percent
of durable goods producers' stocks were
"about right," and 1 percent was
"low."
Among the nondurables, one-fifth of
the stocks were judged "high"—the
largest proportion since mid-1960. This
ratio, like that of the durables, rose
throughout 1966. Paper, chemicals,
1.6
petroleum, and rubber companies reported the largest increase in the
"high" percentage from December 31
to March 31. Almost four-fifths of
nondurable goods producers reported
their stocks "about right." The "lows"
have been falling at about 1 point per
quarter since March 1966 and were 2
percent in March of this year.
Table 1.—Manufacturers' Inventories and Sales: Actual and Anticipated
[Billions of dollars]
1965
in the last three quarters of 1966,
especially late in the year.
Inventory additions below 1966
Durable goods producers expect to
add $800 million to stocks from March
31 to June 30 and $1.1 billion from
June 30 to September 30. These additions would be slightly lower than those
of the first quarter this year and well
below the $2% billion quarterly rate of
the second half of last year. The
primary metals and transportation
equipment industries are expected to
be among the major contributors to
the rise this quarter.
Nondurable goods producers expect
to increase their inventory holdings
from March 31 to June 30 by about
$X billion, a quarterly rate comparable
to the rates of 1966 and thus far in
1967. Third quarter 1967 additions are
projected at $100 million.
If current expectations eventuate,
stock-sales ratios will be lower in
September than in March. For durable
goods, the ratio was 2.23 months of
sales in March and is projected at
2.24 in June and 2.21 in September;
the comparable ratios for nondurables
are 1.33, 1.33, and 1.30.
Inventory condition on March 31
The percentage of durable goods
manufacturers' inventories classified as
"high" rose from 33 on December 31,
1966, to 37 on March 31, 1967. This is
the largest proportion for the "high"
category since March 1958. However,
the rate of increase has slowed to 4
points, as compared with 6 points in
each of the two preceding quarters of
1966. The major increases in the
"high" proportion in March occurred
in the fabricated metals and machinery
industries; primary metals producers
June 1967
I
1966
II
III
IV
I
64.1
39.3
24 8
65.0
40.3
24 7
65.9
41.1
24.8
67.6
41.8
25 8
63.7
39.0
24.7
64.6
40.0
24.7
66.3
41.3
25.0
117.0
61.5
55.5
123.3
65.4
57.9
117.9
62.1
55.8
119.8
62.1
57.7
1967
II
III
IV
I
II i
70.0
43.6
26 5
72.4
45.4
26 9
74 4
47.3
27 1
77 4
49.4
28 0
80 2
51.6
28 6
81 5
52.6
28 9
81 8
52.9
28 9
68.0
42.3
25 7
69.6
43. 3
26 4
71.9
45.0
26 9
74.9
47.6
27 3
77.9
50.0
27 9
79 7
51.2
28 5
81 0
52.0
29 0
82 2
53.1
29 1
118.5
60.2
58.3
124.6
65.1
59.4
128.8
67.6
61.1
135.4
72.1
63.4
129.7
65.8
63.9
134.5
70.6
64.0
132 5
68.4
64.1
139.1
73.5
65.6
136. 2
69.1
67.1
122.1
63.9
58.2
124.6
65.1
59.5
129.5
68.0
61.5
131.7
68.5
63.2
132.6
68.9
63.7
134.4
70.4
64.0
133.3
68.8
64.4
135.4
69.9
65.5
139.3
72.3
67.0
IIIi
Inventories, end of quarter
Unadjusted
All manufacturing
Durables.
Nondurables
Seasonally adjusted
All manufacturing
Durables.
Nondurables
Sales, total for quarter
Unadjusted
All manufacturing
Durables
Nondurables . _
Seasonally adjusted
All manufacturing
Durables
Nondurables- _
.
1
Anticipations reported by manufacturers in May 1967. Inventories have been corrected for systematic tendencies in
anticipatory data.
Sources: U.S. Department of Commerce. Anticipations, Office of Business Economics; actuals, Bureau of the Census.
Table 2.—Manufacturers' Evaluation of the Condition of Their Inventories 1
[Percentage distribution]
Total
High
March 31, 1961
June 30 1961
September 30, 1961.
December 31 1961
March 31 1962
June 30, 1962.
September 30 1962
December 31, 1962
March 31, 1963
._
June 30, 1963
September 30 1963
December 31 1963
March 31 1964
June 30 1964
September 30 1964_
December 31 1964
March 31 1965
June 30 1965
September 30 1965
December 31 1965
March 31, 1966.
June 30 1966
September 30 1966
December 31 1966
March 31 1967
--
---
. . ..
- .. ..
- ..
. . ..
- -__-...
Low
High
About
right
Nondurables
Low
- -
- ----- - -
High
About
right
Low
2
16
13
9
9
83
85
88
89
1
2
3
2
1
1
1
1
8
9
11
11
89
89
86
86
3
2
3
3
81
80
80
84
2
2
1
2
12
10
14
10
85
88
83
87
3
2
3
3
17
16
15
15
81
81
81
82
2
3
4
3
14
9
11
9
84
88
84
87
2
3
5
4
3
4
3
3
20
20
22
19
77
77
76
78
3
3
2
3
9
10
8
8
87
85
88
88
4
5
4
4
81
78
75
70
4
4
3
2
18
21
27
33
79
75
70
65
3
4
3
2
10
13
14
18
85
83
83
79
5
4
3
3
68
1
37
62
1
20
78
2
18
14
10
10
.- - -
..
About
right
Durables
81
85
88
88
1
2
2
1
20
15
11
10
79
84
87
88
1
1
2
14
14
15
14
84
84
83
84
2
2
2
2
19
17
18
17
80
82
81
82
15
15
17
13
82
83
81
85
3
2
2
2
17
18
19
14
16
13
14
13
82
84
82
84
2
3
4
3
16
16
16
15
81
80
81
82
15
18
22
28
31
i Condition of actual inventories relative to sales and unfilled orders position as viewed by reporting companies. Percent
ventory condition
distr
Source: U.S. Department of Commerce, Office of Business Economics.
by ETIENNE H. MILLER
UJS. Residents Spent $4 Billion on Foreign Travel Last Year
JNITED STATES residents traveled
abroad in record numbers last year and
spent over $4 billion, 8 percent more
than in 1965. About $2.7 billion of the
total covered expenses for travel within
foreign countries, and $0.7 billion went
to foreign sea and air carriers for transocean transportation. Another $0.6 billion was paid as fares to U.S. transocean
carriers.
Nearly 3 million U.S. travelers spent
$1.4 billion in countries overseas, while
millions more spent close to $1.3 billion
in the neighboring countries of Canada
and Mexico. As in past years, spending
for oversea travel was concentrated in
Europe and the Mediterranean area,
where U.S. travelers spent $920 million,
6 percent more than in 1965.
Receipts from foreign visitors in the
United States totaled nearly $1.8 billion, including about $0.2 billion paid to
U.S. steamships and airlines for fares to
and from this country. Visitors from
Canada and Mexico spent over $1 billion for travel in the United States, 17
percent more than in the preceding
year, and travelers from oversea countries spent $550 million, 10 percent
more than in 1965.
The balance on travel expenditures,
about $1.6 billion, was practically unchanged from 1965. This balance measures the difference between U.S. travel
expenditues abroad (including U.S. fare
payments to foreign carriers) and U.S.
receipts from foreign visitors (including
receipts by U.S. carriers of fares paid
by foreign visitors).
Estimates for the years-1960-66 have
been revised upward to reflect changes
in the method of computing travel expenditures and receipts involvingMexico. The most significant revision
is an increase in receipts from Mexican
residents visiting the U.S. border zone.
U.S. payments in the Mexican border
zone were also re-estimated at a somewhat higher level, but not enough to
offset the change in receipts. The effect
of the revisions on the years before 1960
is insignificant.
tares of $611 the year before. The decline in per capita spending was a continuation of the downtrend that has
been in progress since 1956.
With the exception of France, Sweden,
Norway, and Belgium, all countries in
the Europe and Mediterranean area
received more from U.S. travelers than
U.S. Travel Spending
in 1965. The most notable increase in
Total spending in Europe and the U.S. travel outlays occurred in the
Mediterranean area rose from 1965 to United Kingdom, where an 18-percent
1966 as an increase in the number of increase over 1965 brought receipts from
travelers outweighed a drop in per American visitors to $167 million. Incapita spending. About 1,570,000 U.S. creases of 33 percent and 20 percent in
residents visited the area, spending an total expenditures in Austria and Ireaverage of $583 each, as compared with land, respectively, reflected strong
1,400,000 visitors and average expendi- growth but on a smaller base. In Italy
and Spain, only slight gains in total
spending were recorded. Belgium received about the same amount in both
years, although the number of travelers
Average Expenditure Per Person of U.S. was slightly less in 1966. More persons
Travelers in the European and
visited France in 1966 than in 1965, but
Mediterrean Area
spent nearly $10 million less, at $116
million, for an 8-percent decline. Both
Dollars
the number of visitors and expenditures
1,100
were lower in Norway and Sweden.
Canada and Mexico continue to lead
1,000
the world in earnings from U.S. travelers. U.S. residents spent nearly $680
900
million in Canada during 1966, about
13 percent more than in 1965. Americans visiting Mexico spent about $575
800
million, an increase of 6 percent or $35
s AH Travel
million.
\
Over a million Americans visited the
700
West Indies and Caribbean region,
Air Travel
including Central America, in 1966.
600
Together with cruise travelers (who are
not included in the total number of
visitors), they spent $260 million. In
500
I
I
I
I
I
I
I
I
I
I
I
I
1955
57
59
61
63
65
67
the Bahamas, receipts from Americans
* New Series
climbed about 18 percent over 1965 to
Note.—Excludes transocean transportation
$73 million, and receipts in Jamaica
U.S. Department of Commerce, Office of Business Economics
67-6-6
were up 15 percent to $60 million.
13
V
"X
14
SURVEY OF CUREENT BUSINESS
Travel to Bermuda rose more than
usual, to $41 million, or 17 percent more
than in 1965.
Total expenditures in other oversea
areas rose 10 percent over 1965 as a
15-percent increase in the number of
visitors was partly offset by a decrease
in average spending. About threefourths of all travelers to the Pacific
area visited Japan, spending $62 million
in that country, about 3 percent more
than in 1965. In Hong Kong, which was
visited by about half of all U.S. visitors
in the Pacific, receipts rose 7 percent to
about $30 million.
Cost of European trips lower
A trip to Europe cost U.S. travelers
an average of $1,070 last year, including transocean transportation. The total
was 5 percent lower than the 1965
amount, $1,120, and resulted from declines in both average transocean fare
payments and average outlays in European and Mediterranean countries.
Transatlantic fares cost each U.S.
traveler about $487 last year, $23 less
than the year before, but accounted
for about the same proportion of the
total outlay for the trip. More Americans took advantage of excursion fares
Table 1.—Expenditures for Foreign Travel
by U.S. Residents
[Millions of dollars]
Payments to foreign
countries
Total'
Fares
Expaid to
pendi- Fares U.S.
Total ' tures in
to
carriers
foreign foreign
coun- carriers
tries r
647
483
164
470
443
348
95
27
716
628
573
55
88
1955
1956
1957
1958
1,612
1,814
1,955
2,140
1,354
1,513
1,633
1,780
1,153
1,275
1,372
1,460
201
238
261
320
258
301
322
360
1959
1960
1961
1962
1963
2,380
2,623
2,650
2,929
3,219
1,990
2,263
2,292
2,514
2,729
1,610
1,750
1,785
1,939
2,114
380
*513
507
575
615
390
*360
358
415
490
3,376
3,768
4,047
2,856
3,158
3,412
2,211
2,438
2,657
645
720
755
520
610
635
1929
688
1937
1947
1964
1965
1966
_ _
41
* Begins new series.
• Revised.
NOTE.—Excludes travel by military personnel and other
Government employees stationed abroad and by their dependents and U.S. citizens residing abroad; includes shore
expenditures of cruise travelers. Passenger fares exclude fares
paid by emigrant aliens.
Source: U.S. Department of Commerce, Office of Business
Economics.
for limited stays, which helped reduce
average spending for air travel to
Europe by 6 percent to $460 in 1966.
In contrast, fewer travelers reached
Europe by sea, but paid about $715
each, 8 percent more than a year ago.
A larger proportion of the sea travelers
appears to have sailed to Mediterranean
ports, a longer voyage than to the
North Atlantic. This probably contributed to the higher average spending of
sea travelers, and could be related to
the competition of low-cost air travel,
which may affect North Atlantic traffic more severely than Mediterranean
traffic.
As in 1965, the popularity of lower
air fares for 14- to 21-day transocean
trips contributed to a declining average
outlay for lodging, food, and other
travel expenses on the continent. The
average duration of the U.S. resident's
European visit was 37 days, 2 less than
in 1965. Per capita spending per day
rose slightly, but the total expenditure
per traveler was reduced from the 1965
average of $611 to $583. Thus, the
reduction in average spending in 1966
can be accounted for almost entirely by
the 2-day reduction in length of stay.
U.S. travelers who were born abroad
characteristically stay for a longer
period in Europe than native-born U.S.
travelers. In 1966, they remained in
Europe an average of 46 days and spent
about $10 per day. On the average, they
visited only two countries in Europe—
one of them being the country in which
they were born. The average nativeborn American spent about $18 per day
during a visit of 34 days and visited
four European countries.
Total outlays within Europe by persons reaching the continent by air were
$554, or 3 percent lower than in 1965.
Air traveleis to Europe tend to make
shorter trips than sea travelers and to
spend more per day, but less per trip.
Part of the reason for the shorter visits
is the continued availability of lower air
fares when the length of stay is between
14 and 21 days. Sea travelers spent
about $815 in Europe last year.
Rise in U.S. oversea travelers
An increase of 13 percent raised the
total number of U.S. travelers who
June 1967
visited oversea areas in 1966 to 2,975,000. The number of sea travelers, at
aboub 220,000, was 7 percent lower than
in 1965, but the number of air travelers,
at 2,755,000, was 15 percent higher.
Last year, 93 percent of all U.S.
travelers crossed the oceans by air, as
compared with 91 percent the year
before.
Travel on cruise ships (not included
in the total number of travelers given
above) dropped from about 333,000 in
1965 to about 280,000 last year. The
decrease in cruise travel was concentrated among the foreign-flag carriers,
who nevertheless carried about 85 percent
of all U.S. cruise passengers. U.S.-flag
Table 2.—Expenditures for Foreign Travel
by U.S. Residents
[Millions of dollars]
1962' 1963 '
Total
2,929 3,219
1964 r 1965 r 1966 '
Foreign-flag carriers
U.S. -flag carriers
Expenditures abroad
3,376 3,768
4,047
990 1,105 1,165 1,330
Transportation
1,390
575
415
1,939
615
490
2,114
645
520
720
610
755
635
2,211 2,438
2,657
678
575
Oversea areas
Europe and Mediterranean
479
449
522
472
550
490
318
320
325
355
365
1,011 1,120 1,171 1,298
Canada .
Mexico
_-.
Persons visiting
Mexican border
only
600
540
1,404
652
755
800
864
920
United Kingdom... . 113
France
..
- 113
118
Italy
44
Switzerland..
119
124
138
55
130
127
148
56
142
125
152
53
167
116
153
60
Germany
Austria
Denmark
Sweden
64
21
18
11
75
24
21
13
79
29
23
14
79
27
23
14
86
36
26
13
Norway
Netherlands
Belgium-Luxembourg
Spain
11
17
13
21
15
22
16
24
14
26
9
28
9
38
11
47
13
51
13
53
n.a.
15
22
17
n.a.
16
25
26
n.a.
20
25
26
17
20
31
31
19
24
35
34
Portugal
Ireland
Israel
Greece
-_ --
West Indies and
Central America..
178
180
190
220
259
Bermuda
Bahamas
Jamaica-
30
48
38
32
48
40
33
55
45
35
62
52
41
73
60
Other British
West IndiesNetherlands West
Indies
18
19
20
22
24
10
10
12
14
12
55
56
57
68
65
126
129
124
146
160
50
23
52
24
54
25
60
28
62
30
12
41
13
40
14
31
15
43
18
50
South America
Other oversea areas. -_
Japan
Hong Kong
Australia-New
Zealand.-- -..
Other
r
Revised. n.a.—Not available.
NOTE.—For coverage, see table 1.
Source: U.S. Department of Commerce, Office of Business
Economics.
SURVEY OF CURRENT BUSINESS
June 1967
15
amount includes about $38 million in
expenditures by Canadians on 1-day
visits, in which they enter and leave
the United States in the course of the
same day.
About 12 percent more travelers from
overseas visited the United States than
in 1965. The total of 1,360,000 spent
about $550 million in this country, in
addition to the $195 million they paid
to U.S. transocean carriers. The growth
of pleasure travel kept pace with increases in business travel, but total
travel receipts from oversea visitors
rose relatively less than the volume
of visitors.
About 660,000 foreign visitors arrived
here from Europe and the Mediterranean area, over one-third of them from
the United Kingdom. Europeans spent
about $215 million here last year, $10
million more than a year ago. British
visitors, however, spent less than in
1965, despite an increase of nearly
30,000 in their number. The decline in
average outlays of British visitors may
have been partly the result of currency
restrictions, instituted by the United
Kingdom in the last half of the year;
these restrictions limited British travelers to about $140 in U.S. currency
for a trip.
Visitors from South and Central
America and the West Indies spent
$226 million while on visits in the
United States last year. Of the 517,000
travelers from the area, about 82 percent came on pleasure trips. Business
visits, however, recorded a 20-percent
rise over 1965, reaching 30,000.
About 185,000 visitors came from
other oversea areas and spent $110
million here last year. Those from
Japan, about 50,000 visitors, spent
nearly $35 million. Average outlays of
Japanese visitors are relatively large,
partly because a large proportion (very
close to one-half) come for business
purposes.
area by members of the staff of the
Balance of Payments Division of OBE
and the Federal Reserve Bank of San
Francisco. In addition, helpful consultations were held with Mexican Government officials in Mexico City.
cruise ships carried almost 5,000 more
passengers than in 1965, and the proportion of total cruise passengers carried
in U.S. ships increased to 14 percent
from only 10 percent in 1965.
Record
Outlays by Foreign
Visitors Here
U.S. receipts from foreign visitors
reached $1.8 billion last year. This
record total includes close to $200
million paid by visitors from overseas
to U.S. sea and air carriers for transocean transportation. Canadian and
Mexican visitors accounted for about
65 percent of the nearly $1.6 billion in
outlays for travel within the United
States.
Revised estimates of spending by
Mexican travelers in this country put
the total at about $435 million for 1966
and $390 million for 1965. The original
estimates were $275 million for 1966
and $265 million for 1965. The difference between the original and the revised estimates lies in receipts in the
border area, which have been recalculated using improved procedures. (See
technical note.)
Canadians spent about $585 million
last year for travel in the United States.
About 60 percent of the total, or $340
million, represents outlays by Canadians traveling by automobile. This
Table 3.—U.S. Travelers to Oversea Countries by Means of Transportation
[Thousands of travelers]
1962
Total
Sea .
Air
Europe and Mediterranean
_
Sea
Air .
West Indies and Central
America
Sea
Air
South America
Sea
Air
Other
Sea
Air
1963
1964
1965
1966
1,767 1,990 2,220 2,623
2,975
280
318
277
237
1 487 1 672 1 943 2 386
220
2 755
931 1,102 1,250 1,405
1,570
221
710
223
254
184
848 1,027 1 221
175
1 395
609
631
701
891
1 050
33
576
41
590
35
666
37
854
30
1 020
85
97
107
127
130
8
77
5
92
5
102
4
123
5
125
Technical Note
142
160
162
200
225
18
124
18
142
14
148
12
188
10
215
Revisions in the travel account with
Mexico reflect more than a year of
intensive reexamination of the factors
involved in border crossings of U.S.
and Mexican residents, culminating in
an on-the-spot survey of the border
NOTE.—For coverage, see table 1; also excludes cruise
travelers, who numbered about 266,000 in 1962, 322,000 in
1963, 295,000 in 1964, 333,000 in 1965, and 283,000 in 1966.
Source: U.S. Department of Commerce, Office of Business
Economics, on the basis of data of U.S. Department of
Justice, Immigration and Naturalization Service.
Table 4.—Numbers and Expenditures of
U.S. Residents Traveling in Europe and
the Mediterranean Area, Selected Countries
Total
Number of expendi- Average
travelers
tures
expendi(thousands) (millions
tures
of
(dollars)
dollars)
Europe and Mediterranean:
1966
1965
1 570
1,405
920
864
583
611
175
184
147
166
814
875
1,395
1,221
773
698
554
571
United Kingdom:
1966 .
1965...
770
668
167
142
217
213
France:
1966...
1965
685
671
116
125
170
186
' 613
584
153
152
248
257
Switzerland:
1966 .
1965...
471
426
60
53
128
123
Germany:
1966__.
1965
558
490
86
79
153
162
Austria:
1966
1965
303
262
36
27
118
101
Denmark:
1966-.-1965
192
193
26
23
134
118
Sweden:
1966
1965
104
109
13
14
130
127
8
97
14
16
158
160
Belgium-Luxembourg:
1966
1965..-
194
204
13
13
68
62
Netherlands:
1966- 1965
301
292
26
24
87
83
245
242
53
51
212
211
Portugal:
1966. .
1965
148
142
19
17
131
122
Ireland:
1966
1965
132
105
24
20
191
185
Israel:
1966
1965
123
109
35
31
279
285
Greece:
1966
1965
154
131
34
31
218
235
Sea:
1966
1965
Air:
1966
1965 .
. ..
Italy:
1966
1965
Norway:
1966..1965
Spain:
1966 .
1965
-_- -.-
NOTE.—For coverage see table 1: includes expenditures
but excludes cruise travelers and their average expenditures.
Source: U.S. Department of Commerce. Office of Business
Economics, on the basis of data of U.S. Department of
Justice, Immigration and Naturalization Service.
SUEVEY OF CUREENT BUSINESS
16
Table A.—U. S. Travel Account with Mexico, 1966, Preliminary Data
[Millions of dollars]
1. Total dollars received at Mexican border banks
535
2. U.S. travelers' expenditures in Mexican border
zone
3. Mexican workers' earnings deposited in Mexican
banks
4. Dollars circulating in Mexico
365
65
105
5. Total dollars sold by Mexican border banks
6. Dollars circulating in Mexico
7. Dollars purchased by Mexican visitors to the
United States from Mexican border banks (to
pay for goods and services purchased in border
area)
.. .
220
8. Pesos received at U.S. border banks
9. Total U.S. receipts from Mexican visitors in the
U.S. border zone__- -_ _ -.. . _
340
325
105
120
Each year, 100 million border crossings are made along the United StatesMexican border by U.S. citizens and
aliens. Mexican residents come to
purchase a variety of goods and services, to work (under certain conditions),
to visit friends and families, and for
recreation. They may pay for their expenses in dollars obtained at Mexican
or U.S. banks or received as wages;
they may also pay in pesos. They may
earn, rather than spend, dollars in the
Table 5.—Average Daily Expenditures of
U.S. Residents Traveling in Europe and
the Mediterranean Area, by Kind of
Travel
1964
1965
United States residents
Total
Sea .
Air
...
$15. 54
12.79
16.36
$15. 67
12.50
16.79
$15. 75
11.63
16.78
Native-born residents
Total
Sea
.
Air
16.87
16.15
17.71
18 27
15.12
19.37
18.41
15.10
18.69
Foreign-born residents
Total
Sea
Air.... _.
9.22
8.63
9.78
9.22
8.21
9.54
9.91
7.84
10.89
1966
United States. U.S. residents cross into
Mexico for similar reasons, though in
different proportions. The estimating
process includes measures to distinguish
the expenditures and receipts related
to travel and tourism from those more
closely identified with the earning of
wages or the completion of commercial
transactions and procedures for treating each type appropriately.
Table A shows the major transactions
estimated to derive the U.S. travel
account in the Mexican border zone
in 1966.
Line 1. Total dollars received at Mexican border banks is a gross figure reported by Mexican banks in the border
zone to the Mexican Government. It
consists of three major parts (lines 2,
3, and 4).
Line 2. U.S. travelers' expenditures in
the Mexican border zone. This item,
which appears in table 2 on page 14,
was one of the basic objectives of the
new procedure. It was estimated on the
basis of the number of U.S. citizens
returning from Mexico as reported b;y
the U.S. Immigration and Naturalization
Service, average spending data derived
from a sample survey, and information
compiled during the border investigagation mentioned above.
Table 7.—U.S. Receipts From Foreign Visitors for Travel in the United States and
Payments to U.S. Transocean Carriers
[Millions of dollars]
1962^ 1963' 1964' 1965' 1966'
Total U.S. receipts from
foreign visitors
NOTE.—For coverage, see table 1; also excludes cruise
travelers and fare payments for transocean transportation.
Source: U.S. Department of Commerce, Office of Business
Economics.
Fares to U.S. carriers i _ _
Spent by visitors in the
United States
Table 6.—Average Length of Stay of U.S.
Travelers in Europe and the Mediterranean Area
[Days]
Total oversea countries
-.
Europe and
Mediterranean..
United Kingdom
1963
1964
1965
45
67
38
41
67
36
39
70
34
37
70
33
U.S. -born travelers, total
Sea
...
Air
44
55
36
39
59
35
36
63
32
34
60
32
Foreign-born travelers, total...
Sea
Air.
55
88
42
49
80
41
49
84
42
46
85
38
All travelers, total
Sea
Air
1966
NOTE.—For coverage, see table 1; also excludes cruise
travelers.
Source: U.S. Department of Commerce, Office of Business
Economics.
Canada
Mexico
West Indies, Central and South
America
Other oversea countries
Japan
1,070 1,133 1,357 1,545
118
1,768
165
195
957 1,015 1,207 1,380
1,573
113
150
392
296
372
313
448
342
490
390
330
417
500
113
170
205
215
37
40
58
71
68
(Continued on page 44)
Table 8.—Foreign Visitors to the United
States From Oversea Countries
[Thousands of travelers]
551
105
Line 3. Mexican workers1 earnings
deposited in Mexican banks are estimated from data compiled during the
border investigation and from other
information of the Immigration and
Naturalization Service.
Line 4. Dollars circulating in Mexico.
Estimates of dollar receipts resulting
from domestic circulation in Mexico
are a residual, derived by subtracting
both travel spending (line 2) and
workers' earnings (line 3) from the total
dollar receipts of the Mexican banks
(line 1).
Line 5. Total dollars sold by Mexican
banks is a gross figure reported to the
Mexican Government by Mexican banks
in the border zone. It consists of lines 6
and 7.
Line 6. Dollars circulating in Mexico
are the same as line 4.
Line 7. Dollars purchased by Mexican
visitors to the United States from Mexican
border banks equal line 5 minus 6.
Line 8. Pesos received at U.S. border
banks. These data, never before available, formed a very important part of
the new estimating procedure. Pesos
accepted for retail purchases on the U.S
side of the border are now specifically
included in the calculation of U.S.
border receipts; these transactions are
a relatively recent phenomenon. Data
on receipts of Mexican pesos by U.S.
banks in the border region were collected
over a period of more than 1 year, with
586
436
269
June 1967
110
147
161
200
226
54
12
70
20
86
26
95
27
110
34
' Revised.
i Includes fares paid as part of a visit to and from the United
States only.
NOTE.—Includes expenditures of travelers for business and
pleasure, foreigners in transit through the United States,
and students; excludes expenditures by foreign government
personnel and foreign businessmen employed in the United
States.
Source: U.S. Department of Commerce, Office of Business
Economics.
Total
Oversea countries total :
1966
1965
Busi- Pleas- Tran- Stusit dent
ness ure
1,360
1,204
197
176
966
864
159
130
38
34
Europe and Mediterranean:
1966.
1965
658
584
121
112
445
400
85
66
7
6
West Indies, Central
and South America:
1966
1965
517
450
30
25
425
375
46
37
16
13
Other oversea areas:
1966
1965
185
170
46
39
96
89
28
27
15
15
NOTE.—Excludes visitors from Canada and Mexico; excludes foreign government personnel and foreign businessmen
employed in the United States.
Source: U.S. Department of Justice, Immigration and Naturalization Service.
By WALTHER LEDERER and EVELYN M. PARRISH
The Balance oi Payments
in the First Quarter of 1967
"UR1NG the first quarter, several of
the major categories of U.S. international transactions were affected by
developments that resulted in significant changes in either amounts or the
direction of movement. However, in
the aggregate, the effects of these
changes on the balance measured on
the liquidity basis were largely offsetting. As chart 8 indicates, this is not
unusual. Experience over many years
has shown that cyclical fluctuations in
the balance on goods and services and
in the balance on capital flows (other
than liquid funds) have frequently been
in opposite directions and have been
much larger than fluctuations in the
liquidity balance. In contrast to the
relatively small change in the liquidity
balance, the balance measured on the
official reserve transactions basis deteriorated by an exceptionally large
amount in the first quarter.
Major changes
The following major developments in
the first quarter, adjusted for seasonal
variations, affected both balances:
1. The long expansion in merchandise
imports, which lasted about 4 years
and which greatly accelerated during
the last 2 years, was interrupted, while
nonmilitary merchandise exports increased more rapidly than in previous
quarters. The balance on nonmilitary
merchandise trade rose $280 million
from the fourth quarter to reach $1
billion. This rise was the first major
reversal of a downward movement of
the trade balance, which had lasted
about 3 years, except for the period of
the shipping strike at the beginning
of 1965.
3. Government grants (excluding military) and Government capital outflows
net of scheduled loan repayments and
of changes in liabilities other than
marketable or convertible securities
increased about $250 million from the
preceding quarter. Some of the increase
was related to the rise in exports of
goods and services.
4. The movement of U.S. private
capital and of foreign capital (excluding
foreign holdings of liquid assets and of
time deposits and time deposit certificates with an original maturity of 1
2. The gain in the balance on nonmilitary trade was augmented by an
extraordinary increase of about $130
million in deliveries under military sales
contracts, a rise that substantially exceeded the $70 million increase in military expenditures abroad. Net receipts
of investment income, however, were
lower. Consequently, the first quarter
balance on all transactions in goods and
services excluding exports under military grants rose about $250 million,
only $30 million less than the balance
on nonmilitary merchandise trade alone.
tffr&V u^-.., - \.;v/^'tr^rlL^
'.
U.S. Balance of International Payments—Cumulative Quarterly Data
Billion $
1.0
BALANCE ON LIQUIDITY BASIS
BALANCE ON OFFICIAL RESERVE
TRANSACTIONS BASIS
CHANGE IN U.S. OFFICIAL
RESERVE ASSETS (decrease-)
Billion $
1.0
-1.5
-2.0
-2.5
-2.0
I
I
Mar.
June
I
I
Sept.
Dec.
Seasonally Adjusted
Mar.
I
I
June
Sept.
Dec.
I
Mar.
I
June
I
-2.5
Sept. Dec.
Seasonally Adjusted
U.S. Department of Commerce, Office of Business Economics
17
18
SURVEY OF CURRENT BUSINESS
June 1967
seasonally adjusted balance of about
$420 million in the preceding quarter
and $650 million in the first quarter
of 1966.
The balance measured on the official
reserve transactions basis—which reflects the changes in U.S. official reserve
assets and in liquid and nonliquid liabilities to foreign official agencies only—
was adverse by $1,279 million in the
first quarter. Seasonally adjusted, the
adverse balance was about $1,820 million. This compares with adverse balances of about $20 million in the
preceding quarter and $440 million in
the first quarter of last year. The
extraordinarily large deterioration in
the first quarter reflects shifts of liquid
liabilities from foreign private accounts
(including accounts of foreign private
banks and foreign branches of U.S.
banks) to foreign official accounts.
These shifts partly reversed last year's
movements of liquid dollar liabilities
from foreign official to foreign private
accounts.
In 1966, liquid dollar liabilities to
foreign private accounts increased about
$2.9 billion, with more than $900
million (after seasonal adjustment)
occurring in the last quarter of the year.
In the first quarter of 1967, such
liabilities declined by nearly the same
amount (after seasonal adjustment),
resulting in a fourth to first quarter
shift of over $1.8 billion. This change
year or more) resulted in a $70 million national organizations) in U.S. time
decline in the net outflow from the pre- deposits and in time deposit certificates
ceding quarter. Within this overall with an original maturity of 1 year or
change, the net outflow of capital more were about $370 million, nearly
through security transactions increased, the same as in the previous quarter.
while there was a decline in the net Many of these investments approach in
outflow of corporate funds (adjusted liquidity those foreign assets in the
for a shift to the first quarter of $300 United States that are included among
million in tax payments by U.S. oil U.S. liquid liabilities.
companies to a foreign country; these
had previously been made in the second The balances
U.S. official reserve assets declined
quarter). Claims on foreigners reported
by U.S. banks continued to be liqui- during the first quarter by $1,027
dated, but by a slightly larger amount million. Almost all of this decrease was
in holdings of convertible currencies,
than in the preceding quarter.
The changes in the transactions so which had been accumulated over the
far enumerated plus changes in un- last 3 years. The net decline in gold and
recorded transactions had a favorable in the gold tranche position in the IMF
effect of about $70 million on the bal- was only $20 million, substantially less
ances. However, the seasonal!}7 ad- than the average quarterly decline of
justed balance measured on the $280 million in 1966 and of nearly $400
liquidity basis—which is composed of million in 1965.
changes in U.S. official reserve assets
The decline in U.S. official reserve
and all liquid liabilities to foreign resi- assets was largely offset by a $700
dents and international organizations— million decline in liquid liabilities to
deteriorated by about $125 million. foreign private residents and to interThe major reason for the difference was national organizations and an $80 milthe change in receipts of nonscheduled lion decline in liquid liabilities to
repayments by foreign governments of foreign official agencies. Nonliquid liabilities to foreign official agencies,
loans from the United States. These
however, increased $335 million.
receipts, which had improved the preThe balance measured on the liquidity
ceding quarter's balance by about $190 basis was, therefore, adverse by $243
million, were absent in the first quarter million. Adjustments for seasonal variaof this year. Net investments by tions raise the adverse balance to about
foreigners (mainly official and inter- $540 million. This compares with a
Table A.—Changes in Foreign Holdings of Long-Term Time Deposits or Certificates of Deposit, Nonscheduled Repayments by Foreign
Governments of U.S. Credits, and Other Special Financial Transactions by U.S. and Foreign Official and International Agencies
[Millions of dollars]
Effect on balance measured on—
Official reserve transactions basis
Liquidity basis
Lines in tables 1, 2, and 8 in which transactions are included
are indicated in ( )
1966
1965
I
Investment by foreign official agencies in long-term time deposits
or certificates of deposit in U.S. banks (53)..
Investment by international and regional organizations in longterm time deposits or certificates of deposit and nonguaranteed
U.S. Government agency bonds, less sales in the United States
of newly issued securities (53, 52, 34)
Nonscheduled repayments by foreign governments of U.S. Government credits (45) . . .
IV
1966
I
I
788
43
284
88
373
41
319
86
260
-24
-8
428
3
7
226
192
139
40
69
III
IV
I
5
221
II
306
Canadian Government purchases of IBRD bonds from U.S.
owners (36)
-150
Liquidation of U.S. securities other than Treasury issues by United
Kingdom (Government and private) (52)
-522
-101
Deferral of service on United Kingdom loan (13 and 44)
-138
221
428
3
7
226
30
139
40
69
23
-150
-61
150
-46
192
30
23
23
150
1965
-38
Nonscheduled repayments by Canadian Government of U.S.
private credits (35) _
Postponement of new issues of Canadian securities (34)
III
II
1967
1966
1967
1966
-19
25
-23
-150
-522
-101
-138
23
-150
-61
-46
-19
25
-23
June 1967
approximately equals the deterioration
in the balance measured on the official
reserve transactions basis over that
period. In 1966, when foreign funds
shifted from official to private accounts,
this balance improved from a 1965
deficit of $1.3 billion to a surplus of
$225 million.
The movement of liquid dollar liabilities from foreign official to foreign
private accounts and then back again
reflected two major developments: (1)
the deterioration and subsequent improvement in the balance of payments
of the United Kingdom, together with
related changes in the confidence in the
British currency and (2) the changes in
credit demand and monetary policies
in the United States. Last summer
and early fall, these policies led U.S.
banks to intensify their efforts to attract
dollar deposits through their foreign
branches, but the changed conditions
later in the year and particularly in
the first quarter permitted a substantial
reduction in such efforts.
Although the first quarter data for
the official reserve transactions balance
suggest a sharp deterioration in the U.S.
balance of payments, the flow of dollars
back to United Kingdom reserves did
not weaken our international financial
position. It was a beneficial development for us as well as for the United
Kingdom, because it strengthened confidence in the international monetary
system. The dollars flowing back into
official United Kingdom reserves enabled the British authorities to repurchase from us sterling that we had
previously acquired under swap agreements with them.
These swap agreements—which now
include $4.5 billion of mutual credit
lines between the U.S. Federal Reserve
System and foreign monetary authoriities—were set up to provide a defense
'against international currency speculation. By increasing the resources of the
authorities to meet the demands on
their reserves, these credit lines discourage speculation and thus reduce the
danger of dissipation of official reserves,
including dollar holdings by foreign
official agencies, through transfers to
private holders for speculative purposes.
Such dollar transfers from foreign official
to foreign private holders are considered
19
SURVEY OF CURRENT BUSINESS
undesirable even though, by definition,
they appear as an improvement of the
official reserve transactions balance. By
early March 1967, all outstanding drawings on the Federal Reserve swap network—both by foreign authorities and
by the Federal Reserve—were repaid,
and the $4.5 billion of credit lines were
restored to a standby basis.
Goods and Services
First quarter transactions reflected
the slowdown in domestic business
activity to some extent, but the full
effect of this slowdown may be felt in
subsequent periods. Transactions were
also affected by the decline in the rate
of business expansion abroad, a development already in evidence during much
of 1966 but intensified in early 1967.
Merchandise imports
Domestic business developments had
a major effect on merchandise imports.
Purchases of foreign industrial materials
continued to decline moderately, as they
had in the preceding quarter. The first
!£$'•"'?•)-'/ '^ ' >->
quarter decline was most pronounced
in steel and other metals; imports of
most other materials were not adversely
affected. Most of the first quarter decline in imports of metals other than
steel may be attributed to an increase
in Government stockpile releases, particularly copper. However, this increase
followed a sharp drop in the preceding
quarter.
Imports of machinery stabilized in
the first quarter, interrupting a pronounced upward movement that began
in 1964. Machinery imports probably
reflect orders placed several months
earlier, when the domestic supply
situation for capital equipment was
much tighter. The recent shortening
of delivery schedules for domestically
produced equipment may result in a
decline in such imports in subsequent
quarters.
Imports of automotive equipment
remained stable from the fourth to
the first quarter and were about $180
million above the first quarter 1966
imports. All of this increase came from
Canada and reflects the effects of the
.'*j^-;^£^
Balances on Goods and Services and on Capital Transactions
Billion $
0
3.0
—
Net Exports of Goods and Services
(left scale)
2.5
—
i.o
2.0
—
1.5
1.5
-
1.0
—
2.5
.5
—
3.0
2.0
\
-3.5
1960
1961
1962
1963
1964
Quarterly, Seasonally Adjusted
* Exclude nonscheduled repayments of U.S. Government credits and long-term liabilities of U.S. banks.
U.S. Department of Commerce, Office of Business Economics
1965
1966
1967
20
SUEVEY OF CURRENT BUSINESS
June 1967
associated with military sales contracts;
thus, the rise in these exports did not
[Millions of dollars]
affect the balance of payments in the
first quarter. However, military exTables
1967
1965
1966
(Credits + , debits -)
1, 2
1965 1966
penditures continued to advance, reachand 8,
I
II
I
Line
III
IV
IV
III
ing an annual rate of nearly $4.2 billion.
Expenditures in Japan and the area
Sources of funds:
comprising other Asia and Africa rose
Transactions in U.S. securities other than Treas52
ury issues
_
-_._
._
_ ._ _
172
19
85
191
599
296
35
92
183
further to an annual rate of nearly $2.2
Long-term liabilities reported by U.S. private
54
15
residents other than banks
15
80
30
50
billion—about $1.3 billion more than
Uses of borrowed funds:
in 1964, before the military buildup in
__l -59 -52 -263 -88 -126
Direct investment . _ .
_ _ -60 -509
-77
33
Southeast Asia had started.
Short-term claims reported by U.S. residents other
40
3
41
-15
-18 -128 -125 -63
than banks
-146 -164
Net receipts from all private and
Foreign deposits and money market paper held in
59
-6
—6
the United States
Government income on investment and
from fees and royalties from direct investment declined about $60 million
United States-Canadian automotive caught up with new orders late last in the first quarter, after seasonal adtrade agreement. Imports of European year and continued to match expanded justment. Receipts of income from
and Japanese cars were about the new orders in the March quarter. Ship- direct investment dropped about $85
same as a year earlier.
ments of large commercial airplanes, million from the fourth quarter but
Purchases of other durable consumer which had been subject to some delays were about $60 million higher than a
goods did not rise as much as in the because of engine shortages in 1966, in- year earlier. The rise in the first
quarter over a year ago occurred pripreceding quarters. Imports of non- creased over $30 million.
durable consumer goods appear to have
Much of the increase in nonagricul- marily in income receipts from inaccelerated, however, and the rise sub- tural exports went to less developed vestments in oil-exporting countries.
stantially exceeded increases in earlier countries, primarily in Asia. This rise Incomes from direct investments in
periods. Imports of foodstuffs, which may have reflected in part an expansion continental Western Europe and Canhad remained fairly steady during 1966, in earnings of those countries, which in ada did not increase over a year
advanced about $60 million in the first turn stemmed from high U.S. mer-earlier, although total investments in
quarter. The rise was principally in chandise imports in 1966 and from in- these areas had risen substantially.
sugar. Since stocks of sugar were quite creasing U.S. military expenditures. The relatively low level of such incomes
high at the end of the quarter, it seems It also reflected an increase in shipments may reflect the adverse effect of the
likely that such imports will not be financed by the U.S. Government, partic- slowdown in business activity in these
maintained at the first quarter rate.
ularly to India, Pakistan, and Vietnam. countries on earnings of U.S. affiliates.
The increase in exports to the United Incomes from the United Kingdom
Merchandise exports
Kingdom may have included shipments dropped about 40 percent from a year
Nonmiliary.merchandise exports rose that were postponed pending the re- ago, when income collections were in4 percent from the fourth quarter of moval in November of temporary sur- creased in anticipation of changes in
1966 to a seasonally adjusted annual charges on United Kingdom imports. British tax regulations. In part, howrate of $30.8 billion. In 1966, exports
In several countries that are major ever, the decline may also reflect less
totaled $29.2 billion. Increases occurred industrial markets for U.S. goods— favorable business conditions.
in the first and third quarters of 1966 particularly Canada, United Kingdom,
Government Grants and
and again in the first quarter of 1967, and Germany—the rate of economic
Capital Transactions
but there were no changes in the inter- expansion slowed further early this
Outflows of U.S. Government nonvening quarters.
year, and this may have adverse effects
In the first quarter of 1967, nonagri- on the level of exports later in the year. military grants and capital, net of
cultural exports rose over $400 million, Nonagricultural exports to Japan, where liabilities associated with such transacseasonally adjusted, while agricultural economic activity continues to rise tions, rose from a seasonally adjusted
exports dropped by over $100 million. strongly, increased moderately from a $1.3 billion in the fourth quarter to $1.5
The dip in agricultural exports was due high level in the fourth quarter of 1966. billion in the first. Increases occurred in
mainly to a decline in wheat and is
economic grants to East Asia, especially
Other goods and services
likely to be temporary.
to Vietnam, and in economic loans to
Better supply conditions in the
The exceptional rise in military sales India and Pakistan. The first quarter
United States probably facilitated the in the first quarter reflected the delivery outflows may have been somewhat
first quarter rise in some nonagricul- of a major order. Since payments for larger than the average quarterly
tural exports. After lagging for several these exports had been received earlier, amount that is likely to be maintained
quarters, export sales of machinery these deliveries reduced U.S. liabilities under current programs.
Table B.—Sources and Uses of Funds Borrowed Abroad by Domestic Subsidiaries of U.S.
Corporations Specially Organized to Finance Direct Investments Abroad
June 1 6
97
Increases in Government liabilities
associated with military transactions
were about $100 million in the first
quarter, as compared with more than
$200 million in the preceding quarter.
These liabilities are increased by receipts of advance payments from foreign
countries—including funds they had
obtained through U.S. Government
loans. Such receipts were about the
same as in the previous quarter. Liabilities are reduced by deliveries of goods
and services by U.S. military agencies.
As was stated earlier, deliveries were
about $100 million higher than in the
previous quarter.
Private Capital Transactions
SUKVEY OF CUERENT BUSINESS
21
nearly $7 billion to their security holdings, after seasonal adjustment.
Long-term claims on foreigners continued to be liquidated by U.S. banks
as they received substantial repayments
on the large volume of long-term loans
that had been made in the latter part
of 1964 and early in 1965 and as new
long-term lending was discouraged by
the Interest Equalization Tax.
Short-term claims reported by U.S.
banks continued to increase in the first
quarter, but by less than the decline
in long-term claims. The increase was
primarily in claims on Mexico and to a
lesser extent in those on Japan.
At the end of March, foreign assets
of commercial banks were $365 million
below the interim ceiling for that date
established by the Federal Reserve
Board under the voluntary program to
restrain capital outflows. During the
last three quarters of 1967, the ceiling
will rise $763 million.
U.S. corporate capital outflows—
including direct and other investments—declined from about $1,050
million in the fourth quarter of last
year to $840 million in the first quarter
of this year, after adjustment for
seasonal variations. (The seasonal adjustment for direct investment capital
outflows was changed in the first
quarter of 1967 from that used in the
corresponding quarter in earlier years,
to reflect a $300 million shift in tax
payments by U.S. oil companies to
Libya from the second quarter to the
first. The opposite adjustment will be
made in the second quarter.) Borrowing
abroad through bond issues by domestic
subsidiaries of U.S. corporations specially organized to finance direct investments abroad increased from $85 million
to about $90 million (table B). Other
corporate borrowing from foreigners,
which was about $130 million in the
fourth quarter, rose to about $175
million. The net outflow of corporate
funds in the first quarter, therefore, was
about $570 million, as compared with
$830 million in the preceding quarter
and a quarterly average of about $710
million in 1966.
Capital outflows for direct investments declined $230 million, after
seasonal adjustment. More than half of
this decline was due to the first quarter
reversal of a temporary outflow of
capital to a Canadian affiliate in the
preceding quarter. Capital outflows to
Europe also declined substantially, but
this was from an exceptionally large
amount. In fact, the funds transferred
late last year were probably not utilized
at that time, and thus the need for
additional U.S. capital outflows was reduced early this year.
The slowdown in foreign business expansion has dampened this year's increase in projected plant and equipment
expenditures by foreign affiliates of U.S.
corporations. This was indicated by
last December's survey of anticipated
expenditures in 1967, the results of
which were published in the May
1967 SURVEY OF CURRENT BUSINESS.
With some unutilized funds available
from the large capital outflows late
last year and from borrowing abroad by
U.S. corporations, the relatively small
The interruption in the expansion of
domestic business activity eased conditions in domestic capital and money
markets substantially. This change contributed to the $100 million rise in U.S.
purchases of newly issued foreign securities in the first quarter. Most of the
increase was in Canadian issues, some
of which may have been postponed
when capital markets were still tight.
Therefore, the first quarter amount may
have included a temporary bulge in
such transactions. The purchases also
included nearly $40 million of bonds
issued by the Inter-American Development Bank.
Net liquidations of outstanding
foreign securities—which started in the
middle of 1963, at the time the Interest
Equalization Tax became effective—
reached more than $150 million in the
third quarter of 1966, but declined
sharply in the fourth quarter and
(Text continued on page 44}
stopped in the first quarter of 1967.
The decline in net liquidations had an
Table C.—Transactions in U.S. Securities Other Than Treasury Issues
adverse effect on the balance of
(increase in foreign assets +)
payments.
[Millions of dollars]
U.S. bank lending in the first quarter,
1966
after seasonal adjustment, did not yet
1966
reflect the changed situation in the
rv
I
II
III
capital market. The reserve position
109
Total
_ .
107
173
520
909
of U.S. banks improved considerably
Securities sold abroad by domestic subsidiaries of U.S. corporations
as is indicated by the change of free
85
specially organized to finance direct investments abroad
35
183
296
599
reserves from —$165 million at the Investment by international and regional organizations in nonguar5
anteed U.S. Government agency bonds
27
244
73
139
end of December to $232 million at
Liquidation of U.S. securities other than Treasury issues by United
25
Kingdom (Government and private)
—19
—61
—46
— 101
the end of March. However, commercial
-6
—22
131
64
167
banks were still anxious to rebuild Other transactions
1
Bonds.,
22
—24
—51
—50
—7
Stocks
42
155
218
28
their domestic liquidity and added
1967
I
112
92
-6
-23
49
3
46
SUKVEY OF CURRENT BUSINESS
22
June 1967
Table 1.—U.S. Internationa1 Transactions
[Millions of dollars]
(Credits +; debits -)
Line
1
2
3
4
5
6
1946
Exports of goods and services
Excluding transfers under military grants
1947
1950
1949
1948
1951
1952
1953
14 804
14,735
17,237
16,789
15,981
15,770
14,327
13,807
20,183
18,744
20,574
17,992
21 123
16,947
11, 707
n.s.s.
69
1,383
Merchandise, adjusted, excluding military L
Transfers under military sales contracts _
Transfers under military grants, net
Transportation
______ _
19 834
19,737
16, 015
n.s.s.
97
1 738
13, 193
n.s.s.
448
1,317
12, 149
n.s.s.
211
1,238
10, 117
n.s.s.
520
1,033
14,123
n.s.s.
1,439
1,556
13, 319
n.s.s.
2,582
1,488
12, 281
192
4 176
1 198
7
8
9
10
Travel
Fees and royalties from direct investments
Other private services
Other U.S. Government services
271
64
407
131
364
77
371
70
334
83
422
100
392
100
364
132
419
126
387
132
473
129
429
152
550
130
471
206
574
128
491
173
11
12
13
Income on U.S. investments abroad:
Direct investments 2
Other private assets
U.S. Government assets _ __ _ _ _
589
162
21
869
167
66
1,064
174
102
1,112
185
98
1,294
190
109
1,492
192
198
1,419
205
204
1,442
216
252
-6,991
-8,208
-10,349
-9,621
-12,028
-15,073
-15,766
-16,561
15
16
17
Merchandise, adjusted, excluding military
Military expenditures
Transportation._ _ _ _ _ _ _
_
-5, 073
—493
-459
-5, 979
-455
-583
-7,563
-799
-646
-6, 879
-621
-700
-9, 108
-576
-818
-11, 202
-1, 270
-974
-10, 838
-2, 054
-1,115
-10, 990
-2, 615
-1, 081
18
19
20
Travel
Private payments for other services
U.S. Government payments for other services
-462
—190
-102
-573
-195
-178
-631
-219
-211
-700
-153
-235
-754
-153
-250
-757
-202
-254
-840
-221
-277
-929
-245
-240
21
22
Income on foreign investments in the United States
Private payments 2
U.S. Government payments _ _ _
__
-197
-15
-229
-16
-263
-17
-308
-25
-338
-31
-367
-47
-357
-64
-375
-86
7,813
7,744
11,626
11,529
6.888
6,440
6,360
6,149
2,299
1,779
5,110
3,671
4,808
2,226
4,562
386
-2,991
-2,922
-2,722
-2,625
-4,973
-4,525
-5,849
-5,638
-4,537
-4,017
-4,954
-3,515
-5,113
-2,531
-6,657
-2,481
—673
-69
-2, 274
25
-682
-97
-1,897
-46
-697
-448
-3, 894
66
-532
-211
-4,997
-109
-454
-520
-3, 484
-79
-409
-1,439
-3, 035
-71
-443
-2, 582
-1,960
-128
-503
-4, 176
-1,837
-141
8,904
1,915
511
-2,238
156
-305
-2,095
14
Imports of goods and services
l
23
24
Balance on good and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14)
25
26
Unilaternal transfers, net; transfers to foreigners ( — )
Excluding military grants
27
28
29
30
Private remittances
Military grants of goods and services
Other U.S. Government grants 1
._
U.S. GDvernment pensions and other transfers
__
_ _ _ _ _
_
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and
26). 3
4,822
32
Transactions in U.S. private assets, net; increase in assets ( — )
-413
-987
-906
-553
-1,265
-1,048
-1,160
-383
-230
-85
308
-131
-749
-396
295
137
-721
-150
62
-7
-660
-118
103
42
-621
-254
301
-322
-508
-491
113
25
-852
-286
66
133
-735
-270
138
223
35
-314
-87
-124
39
-135
-29
182
-177
-112
-14
-75
-36
-87
115
146
n.a.
4
2
-65
-13
19
-78
5
-43
-37
-70
—28
-91
-7
-21
21
-3, 019
-4,224
-1,024
-652
-156
-156
-420
-218
-3, 343
238
-4, 405
-113
-1,555
88
-684
-173
-414
-37
-458
-3
-847
-2
-716
11
86
294
443
205
295
305
—623
—3, 315
-1,736
-266
1,758
-33
-415
1,256
-623
-2, 162
-1,530
-164
1,743
-53
-379
1,161
— 1, 153
-206
-102
15
20
-36
95
581
1,673
1,074
90
126
132
37
1
33
34
35
36
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
37
38
Claims reported by U.S. banks: l
Long-term
Short-term
39
40
--
-
Claims reported by U.S. residents other than banks: l
Long-term
Short-term
41
-- - -
_
_ __
_ _ __
Transactions in U.S. Government assets, excluding official reserve assets, net;
increase in assets (— ).
42
43
Loans and other long-term assets l
Foreign currencies and other short-term assets 1
44
45
Repayments on credits:
Scheduled
Nonscheduled
46
47
48
49
50
>
Transactions in U S official reserve assets, net; increase in assets ( — )
Gold <
Gold tranche position in IM!F *
-985
-1,327
558
-4
-338
(*)
10
-100
4
34
-192
-4
-5
1
-12
6
-10
-24
-11
-33
-5
36
-11
35
-4
44
Liabilities of U.S. Government, excluding marketable or convertible securities: 1
Associated with specific transactions
-269
-340
-165
-42
77
300
-158
-68
U.S. Government marketable or convertible bonds and notesl1
Deposits and money market paper held in the United States
n.a.
-370
n.a.
-895
n.a.
919
n.a.
130
941
790
-659
700
302
1,319
-82
1,010
218
949
1.193
786
-11
500
627
366
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+).
51
52
53
Direct investments 2
U.S. corporate securities
Long-term liabilities reported by U S banks
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
56
57
58
59
60
1,912
487
__
-
- -
_
Errors and omissions net
n.s.s. Not shown separately.
P Preliminary.
*Less than $500,000(±).
_-
_.
174
80
56
74
(*)
(*)
(*)
158
70
(')
(*)
-14
i Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5;
for lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.
SUKVEY OF CUKKENT BUSINESS
June 1967
23
Table 1.—U.S. International Transactions—Continued
[Millions of dollars]
1955
1954
1956
1957
1958
1960
1959
1963
1962
1961
1964
1965
1966
Line
21,121
17,759
22,392
19,804
26,162
23,595
28,899
26,481
25,353
23,067
25,463
23,489
29,090
27,325
30,096
28,631
31,889
30,350
33,908
32,426
38,429
37,099
40,775
39,147
44,036
43,039
1
5
12, 799
182
3,362
1,171
14, 280
200
2,588
1,406
17, 379
161
2,567
1,617
19, 390
375
2,418
1,967
16, 264
300
2,286
1,638
16, 295
302
1,974
1,646
19, 489
335
1,765
1,782
19, 954
402
1,465
1,805
20,604
656
1,539
1,964
22, 071
657
1,482
2,115
25,297
747
1,330
2,324
26, 244
844
1,628
2,390
29,168
847
997
2,589
:
595
136
499
150
654
158
539
123
705
229
720
122
785
238
772
137
825
246
808
141
902
348
810
143
919
403
894
153
947
463
945
174
957
580
966
204
1,015
660
1,024
235
1,207
756
1,115
264
1,380
924
1,192
285
1,573
1,045
1,247
325
*
c
1C
1,725
230
272
1,912
258
274
2,171
297
194
2,249
363
205
2,121
417
307
2,228
466
349
2,355
646
349
2,768
793
380
3,044
904
471
3,129
1,022
498
3,674
1,265
460
3,963
1,413
512
4,045
1,605
595
11
IS
1C
-15,931
-17,795
-19,628
-20,752
-20,861
-23,342
-23,324
-23,122
-25,305
-26,573
-28,637
-32,203
-37,937
14
-10,354
-2,642
-1,026
-11,527
-•2, 901
-1,204
-12,804
-2, 949
-1,408
-13, 291
-3, 216
-1, 569
-12, 952
-3, 435
-1,636
-15,310
-3, 107
-1,759
-14,732
-3, 069
-1,915
-14, 510
-2, 981
-1, 943
-16, 187
-3,083
-2, 128
-16,992
-2, 936
-2,316
-18, 621
-2, 861
-2, 462
-21, 472
-2, 921
-2, 674
-25, 510
-3, 694
-2, 914
It
-1,009
-258
-222
-1,153
-304
-217
-1,275
-389
-235
-1,372
-384
-281
-1,460
-427
-282
-1,610
-427
-301
-1,750
-482
-313
-1,785
-490
-406
-1,939
-460
-398
-2, 114
-444
-447
-2, 211
-491
-536
-2, 438
-427
-542
-2,657
-454
-634
IS
2C
-361
-59
-395
-94
-414
-154
-438
-201
-530
-139
-547
-281
-731
-332
-729
-278
-771
-339
-924
-400
-1,003
-452
-1,241
-488
-1,525
-549
21
22
5,190
1,828
4,597
2,009
6,534
3,967
8,147
5,729
4,492
2,206
2,121
147
5,766
4,001
6,974
5,509
6,584
5,045
7,335
5,853
9,792
8,462
8,572
6,944
6,099
5,102
23
24
-5, 642
-2,280
-5, 086
-2,498
-4, 990
-2, 423
-4,763
-2,345
-4,647
-2,361
-4,422
-2,448
-4, 126
-2,361
-4,041
-2,576
-4,236
-2,697
-4,290
-2,808
-4,112
-2,782
-4,452
-2,824
-3,922
-2,925
2£
26
-504
-3, 362
-1,647
-129
-456
-2, 588
-1,901
-141
-555
-2, 567
-1, 733
-135
-570
-2,418
-1,616
-159
-563
-2, 286
-1,616
-182
-599
-1, 974
-1,633
-216
-483
-1, 765
-1,664
-214
-487
-1,465
-1,854
-235
-533
-1, 539
-1,919
-245
-629
-1,482
-1,917
-262
-617
-1,330
-1,886
-279
-658
-1,628
-1,800
-366
-647
-997
-1,915
-363
27
28
2£
3C
-452
-489
1,544
3,384
-155
-2,301
1,640
2,933
2,348
3,045
5,680
4,120
2,177
31
-1,622
-1,255
-3, 071
-3,577
-2,936
-2,375
-3,879
-4, 180
-3,425
-4, 456
-6,542
-3,743
-4, 132
32
-667
-309
124
-21
-823
-128
190
-42
-1,951
-453
174
-142
-2, 442
-597
179
-52
-1,181
-955
85
-380
-1,372
-624
95
-139
-1, 674
-555
201
-309
- ' 599
1,
-523
148
-387
-1/654
-1, 076
203
-96
-1, 976
-1,250
195
-49
-2,435
-1,063
193
193
-3, 418
-1, 206
222
226
-3, 462
-1, 210
405
323
33
34
35
36
-102
-488
-226
-162
-166
-386
-349
-256
-152
-351
-181
-57
-153
-995
-136
-1, 125
-127
-324
-754
-781
-941
-1, 523
-232
325
337
-84
37
38
-12
-147
-35
-29
-16
-131
-40
-20
-42
40
-77
-20
-40
-354
-127
-431
-131
-220
163
-4
-343
-623
-88
428
-112
-329
3S
40
93
-310
-629
-958
-971
-353
-1,105
-926
-1,094.
-1,664
-1,674
-1,575
-1,531
41
-306
-108
-383
-343
-545
-563
-993
-624
-1,176
-339
-1,051
-356
-1,213
-528
-1,939
-261
-2,129
-245
-2, 187
-447
-2,358
-19
-2, 493
16
-2,500
-265
42
43
507
416
479
659
620
434
583
53
578
696
599
681
644
326
580
123
681
221
806
428
44
45
480
182
-869
-1,165
2,292
1,035
2,145
606
1,533
378
171
1,222
568
46
298
41
-306
-798
2,275
1,075
1,703
182
141
-563
17
-40
442
890
17
626
461
— 113
30
125
—220
266
1,665
—349
-367
857
— 116
-135
571
—540
537
47
48
49
1,310
1,357
2,457
1,132
1,259
3,571
2,121
2,471
1,691
2,982
3,314
391
3,301
50
197
181
232
323
_2
155
237
9
98
-8
238
449
-1
141
282
6
73
324
-5
132
134
5
-5
282
62
-5
-84
237
57
-357
203
86
909
976
51
52
53
12
-79
40
62
2
94
-17
106
23
12
1
-91
55
175
1
-115
-13
-23
-39
113
29
149
205
269
54
55
-14
-40
52
7
15
26
85
613
251
442
—56
486
—23
204
_7
116
—49
56
57
8
1,053
529
531
-135
1,977
-52
639
31
1,042
686
2,149
126
1,630
513
1,251
-728
1,398
1,374
919
39
2,590
46
67
-1,561
2,350
58
59
191
515
568
1,184
511
423
-922
-904
-1,053
-285
-949
-415
-383
60
124
141
1
8
-a
()
*
2
3
(*)
f
544 I
(*)
Excludes undistributed profits of subsidiaries.
Numerically equal to net foreign investment in U.S. national income and product accounts.
Q^
4
4
,
1
ie
17
is
Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
24
June 1967
Table 1.—U.S. International Transactions—Continued
[Millions of dollars]
19C 0
(Credits+; debits-)
Line
I
II
196 1
III
IV
I
II
II
IV
1 Exports of goods and services
_Excluding transfers under military grants
6,800
6,357
7,585
6,963
6,948
6 666
7,757
7 339 '
7,286
6 962 1
7,644
7 101
7 061
6 814
8 105
7 751
Merchandise, adjusted, excluding military 1
Transfers under military sales contracts
Transfers under military grants, net.
Transportation
4,623
5,015
122
622 !
457 !
4 699
70
282 !
463 :
5 152
85
418
438
5 023
71
324
416
4 928
150
543
464
4 681
88
247
456
5 322
93
351
469
9
3
4
5
6
58
443
424
Travel ..
- _
Fees and royalties from direct in vestments -.
Other private services
Other U.S. Government services
183
84
224
36 !
245
90
221
36
299
98
227
43
192 1
131
222
38
188 •
101
233
42 1
260
103
244
43
l>
8
9
10
9
99
114
32
44
''00
145
*>36
45
11
12
13
Income on U.S. investments abroad:
Direct investments 2
Other private assets _
U.S. Government assets _
518
147
60
564
156
57
520
160
87
753
183
145
640
184
64
621
197
91
643
196
61
864
216
164
— 5,768
— 6,074
— 6, 050
— 5 432
— 5 319
— 5 680
— 6 134
— 5 989
-3,833
— 775
-427
-3,860
—764
-530
-3, 553
—797
—538
-3, 486
—733
—420
-3, 401
—780
—414
-3,461
—776
—546
—3 687
—701
—545
—3,961
—724
—438
Imports of goods and services
14
15
16
17
Merchandise, adjusted, excluding military !
Military expenditures
Transportation.
18
19
20
Travel
_
Private payments for other services. __ _ ._
U S Government payments for other services
-281
-107
—64
—471
-110
—70
—668
-134
— 110
—330
-131
—69
—284
—109
—88
—463
— 114
—77
—678
—134
— 150
—360
—133
—91
21
22
Income on foreign investments in the United States:
Private payments 2
U.S. Government payments
— 180 j
-101
— 183
-86
— 173
77
— 195
—68
— 174
—69
— 178
—65
— 171
—68
— 206
—76
23
24
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14)
1,032
589
1,511
889
898
616
2,325
1,907
1 967
1,643
1,964
1,421
927
680
2 116
1,765
25
26
Unilateral transfers, net; transfers to foreigners (— )
Excluding military grants
—987
-544
-1,208
-586
—871
—589
— 1,060
-642
—985
—661
— 1,204
—661
—838
—591
— 1,014
— 663
27
28
29
30
Private remittances
Military grants of goods and services
Other U.S. Government grants l
U.S Government pensions and other transfers
— 107
-443
-381
—56
-119
-622
-418
-49
— 119
-282
-417
—53
— 138
—418
-448
—56
—119
—324
-480
—62
— 115
-543
-486
—60
— 122
-247
-413
—56
— 131
-351
-475
— 57
45
303
27
1,265
982
760
89
1,102
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and
26).
32
Transactions in U.S. private assets, net; increase in assets ( — )
Claims reported by U.S. residents other than banks: '
Long-term
Short-term. ._ _
__
._
_
_
_. .
Transactions in U.S. Government assets, excluding official reserve assets, net;
increase in assets (— ).
41
l
42
43
Loans and other long-term assets
Foreign currencies and other short-term assets '
44
45
Repayments on credits:
Scheduled
Nonscheduled
. __
Transactions in U.S. official reserve assets, net; increase in assets (— )
46
Gold* _
. . _
Convertible currencies
Gold tranche position in IMF 4 -
47
48
49
_
- -
_.. __ _
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+).
50
— 1 545
—1 Oil
—992
—680
— 1,497
-329
-53
47
—105
-728
-95
46
—71
-458
-107
41
-69
-334
-187
29
-88
-385
-91
40
-73
-442
-138
38
-157
-66
-37
—27
—411
—72
-443
82
-356
-34
-159
-15
-13
-169
-597
-12
-145
-2
-64
-24
-158
-31
-113
-2
-217
-45
-118
-49
17
-230
-390
-145
-340
-383
414
-353
-150
-234
-95
-388
-142
-409
77
132
17
39
40
—944
-312
-111
55
-110
-2
13
Claims reported by U.S. banks: l
Long-term
Short-term
_ .
-738
-238
-141
37
38
—652
Direct investments 2
Foreign securities newly issued in the United States Redemptions _ _ _
_ _ _
_
Other transactions in foreign securities
-305
-296
53
—23
12
— 104
33
34
35
36
108
5
160
24
183
98
5
159
175
740
1,071
50
94
638
921
109
81
102
691
844
507
-467
-490
-309
-103
-537
-14
-684
-67
192
634
78
6
210
51
371
-320
-213
768
150
371
-25
25
-170
-161
11
146
124
-483
510
-54
312
79
158
473
1,153
687
21
104
31
152
-1
—5
3
-3
26
65
-1
51
52
53
Direct investments 2
U S. securities other than Treasury issues
Long-term liabilities reported by U.S banks
40
170
1
59
117
1
53
5
1
-11
-10
3
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
4
—5
3
-53
-5
-6
-1
-27
-3
77
-3
79
26
-13
35
32
56
57
Liabilities of U.S. Government, excluding marketable or convertible securities: i
Associated with specific transactions
Other nonmarketable nonconvertible medium-term securities
-65
54
10
27
-1
-32
20
98
58
59
U.S. Government marketable or convertible bonds and notes l
Deposits and money market paper held in the United States l
124
422
56
607
-185
634
131
-33
206
-246
-94
341
203
922
198
234
-13
-194
-185
-530
-117
-335
118
-570
60
Errors and omissions, net
See footnotes on pp. 22 and 23.
(*)
SUEVEY OF CURRENT BUSINESS
June 10C7
25
Table 1.—U.S. International Transactions—Continued
[Millions of dollars]
19(52
1967
H)66
19 65
6
1<) 4
19 53
Lino
I
II
III
IV
I
II
III
IV
7,515
7,125
8,572
7,946
7,453
7,235
8,349
8,044
7,810
7,363
9,017
8,342
7,820
7,686
9,261
9,035
5,015
96
390
465
5,463
228
626
493
4,920
127
218
501
5,206
205
305
505
4,974
166
447
454
5,718
243
675
552
5, 223
103
134
561
206
121
242
46
279
143
241
50
284
146
241
54
188
170
242
54
205
153
253
56
284
151
253
59
643
219
72
699
224
126
646
225
91
1,056
236
182
781
233
88
716
258
108
I
I
IV
I
10,574
10,380
11,720
11,549
11,414
11,070
1
7,361
260
357
655
6, 968
178
194
688
7,766
211
171
658
7,588
327
344
624
3
4
5
6
317
229
313
73
428
243
310
85
489
272
305
76
339
301
319
91
347
234
302
83
8
9
10
964
370
114
980
409
140
893
392
119
1,208
434
222
1,025
418
122
11
12
13
-5,924 -6,407 -6,560 -6,414 -6,011 -6,658 -7,105 -6,799 -6,568 -7,151 -7,510 -7,408 -6,859 -8,221 -8,553 -8,570 -8,561 -9,388 -10,148 -9,840 -9,566
14
-3,941 -4, 086 -3,967 -4, 193 -3,928 -4, 227 -4, 316 -4, 521 -4, 349 -4, 588 -4, 653 -5,031 -4, 594 -5,484 -5,484 -5,910 -5,919 -6,271
-765
-760
-755
-803
-757
-741
-744
-732
-671
-754
-785
-861
-911
-719
-719
-694
-691
-711
-457
-562
-511
-502
-598
-628
-645
-541
-567
-793
-533
-703
-646
-639
-690
-676
-563
-758
-6,528 -6, 792 -6,625
-953
-969 -1,041
-666
-791
-691
15
1C)
17
I
II
II
III
IV
8,983
8,611
11,064
10,399
9,744
9,472
10,984
10,665
10,514
10,239
11,228
10,871
6,895
201
294
593
5,597
200
372
494
7,030
229
665
632
6,329
199
272
624
7,288
216
319
640
7,073
198
275
588
364
181
275
66
262
230
282
73
271
208
295
69
377
209
295
72
416
227
299
74
316
280
303
70
803
306
121
1,057
343
129
1,031
340
106
1,054
366
135
844
339
121
1,034
368
150
II
III
IV
9,265
8,968
9,767
9,243
9,038
8,823
10,359
10,065
6,156
145
226
548
6,157
198
297
538
6,309
186
524
584
5,936
162
215
609
308
152
254
58
218
204
264
62
247
174
274
60
334
171
284
65
665
253
109
967
278
193
933
291
96
881
315
114
III
-298
-112
-82
-509
-107
-74
-745
-124
-143
-387
-117
-99
-320
-101
-95
-549
-107
-92
-831
-121
-157
-414
-115
-103
-341
-111
-137
-572
-118
-99
-852
-131
-165
-446
-131
-135
-406
-108
-119
-627
-103
-119
-932
-109
-166
-473
-107
-138
-424
-108
-143
-701
-110
-136
-1,037
-119
-195
-495
-117
-160
-450
-112
-150
18
19
20
-189
-80
-189
-84
-178
-86
-215
-89
-217
-91
-219
-95
-212
-104
-276
-110
-242
-111
-242
-110
-230
-109
-289
— 122
-272
-122
-302
-117
-287
-118
-380
-131
-334
-133
-332
-134
-387
-138
-472
-144
-392
-130
21
1,591
1,201
2,165
1,539
893
675
1,935
1,630
1,799
1,352
2,359
1,684
715
581
2,462
2,236
2,697
2,400
2,616
2,092
1,528
1,313
2,951
2,657
2,124
1,752
2,843
2,178
1,191
919
2,414
2,095
1,953
1,678
1,840
1,483
426
232
1,880
1,709
1,848
1,504
23
24
-1,120 -1,284
-730
-658
-833
-615
-999 -1,118 -1,395
-694
-671
-720
-817
-683
-960
-734
-986 -1,272
-689
-748
-862
-647
-992 -1,034 -1,476
-662
-698
-811
-945
-673
-997 -1,123 -1,129
-848
-772
-678
-850
-656
-820
-649
1,062
-718
25
26
-125
-390
-537
-68
-132
-626
-467
-59
-127
-218
-430
-58
-149
-305
-485
-60
-155
-447
-447
-69
-154
-675
-500
-66
-154
-134
-466
-63
-166
-226
-504
-64
-149
-297
-473
-67
-149
-524
-533
-66
-148
-215
-427
-72
-171
-294
-453
-74
-152
-372
-437
-73
-168
-665
-510
-133
-159
-272
-431
-83
-179
-319
-422
-77
-153
-275
-614
-81
-166
-357
-526
-80
-153
-194
-385
-118
-175
-171
-390
-84
-157
-344
-468
-93
27
28
29
30
471
881
60
936
681
964
-102
1,502
1,711
1,344
666
1,959
1,090
1,367
246
1,417
830
711
-424
1,060
786
31
-1,023
-673
-521 -1,208 -1,062 -1,717
-276 -1,401 -1,296 -1,560 -1,192 -2, 494 -1,567
-519
-433 -1,224
-880 -1,272
-469 -1,511
-1,200
32
-235
-170
66
-91
-476
-312
36
-33
-342
-133
45
(*)
-601
-461
56
28
-582
-486
43
-79
-525
-513
50
-72
-162
-166
52
15
-707
-85
50
87
-419
-127
54
94
-613
-284
38
40
-479
-71
38
35
-924 -1,178
-302
-581
55
63
24
49
-931
-329
52
130
-428
-304
42
53
-881
-271
73
-6
-604 -1,074
-305
-466
118
123
122
-9
-693 -1,091
-241
-198
75
89
55
155
-965
-332
100
—7
33
34
35
36
-119
-254
-36
159
5
106
23
-335
27
77
-177
-402
-116
74
-488
-530
-248
-405
-72
-531
-239
84
-382
-671
-461
23
201
176
-41
260
69
-134
127
145
1
-59
102
229
107
-399
156
-19
37
38
-66
-154
-23
12
-40
-162
o
84
-47
-15
50
-128
2
25
158
114
-26
-219
-58
-80
-271
-289
12
-35
6
241
-6
188
-20
5
-68
-6
-17
-174
-51
-29
-28
-68
-16
-58
-67
-66
39
40
-397
-446
25
-276
-462
-721
-68
-413
-261
-462
-392
-559
-336
-582
-225
-432
-299
-595
-305
-332
-673
41
-479
-48
-507
-151
-486
-75
-657
29
-558
-50
-620
-266
-441
-31
-568
-100
-522
68
-697
73
-604
22
-535
-182
-648
150
-689
-64
-500
-116
-656
46
-580
91
-691
-90
-585
-131
-644 -1,303
-135
436
42
43
129
1
154
58
109
477
207
145
121
25
131
34
163
241
229
26
141
52
129
33
159
31
151
7
152
10
166
5
208
183
155
23
187
3
179
185
226
255
192
194
44
45
427
-164
881
389
32
124
227
-5
-51
303
70
-151
842
68
41
271
424
68
82
-6
1,027
46
304
-114
237
116
-324
44
446
104
331
24
351
14
111
-33
-46
116
6
2
196
-28
59
38
-58
15
46
— 228
131
-73
258
118
-20
-45
135
172
-205
-118
832
-58
68
590
-56
-466
124
-413
330
119
178
-26
68
222
134
209
-163
22
173
-426
335
121
-173
46
51
1,007
-31
47
48
49
359
526
-27
833
749
1,300
504
429
-56
387
1,120
1,863
-318
-377
726
360
-78
1,126
951
1,302
30
50
41
145
(*)
77
6
-1
6
-23
4
8
6
2
-5
14
3
47
114
33
40
51
12
-87
103
14
17
-42
36
29
14
52
-27
-30
14
-24
-26
135
85
57
152
-95
-242
43
45
-227
-51
22
55
59
52
173
55
37
520
441
-113
107
100
110
109
380
53
112
368
51
52
53
7
-23
-16
-50
3
12
-54
-6
-30
4
65
-6
17
^5
-75
-5
5
(*)
19
-29
65
-5
24
8
-5
-5
68
10
39
16
47
29
39
16
63
86
112
74
55
108
66
54
55
142
24
159
288
251
95
5
-19
— 10
69
— 50
297
—1
156
— 50
-54
_2
176
(*)
208
29
45
111
_1
-55
(*)
103
—6
4
— 53
—6
— 26
69
— 23
49
53
107
(*)
56
57
-282
329
-214
700
-193
5
-39
364
478
195
392
674
391
-20
113
70
-171
46
283
8
943
-13
1,535
-41
-619
79
-335
156
809
-148
212
-548
171
-295
376
-527
1,140
-191
663
-14
-770
58
59
163
-124
-418
-674
62
50
-285
-112
-47
-12
-272
-618
289
43
-355
-392
3
-38
165
-513
30
til)
SUKVEY OF CURRENT BUSINESS
26
Juno 10G7
Table 2.—U.S. International Transaetions—Seasonally Adjusted
[Millions of dollars]
19€ 0
I
1
3
4
5
6
196 1
196 -
(Credits +; debits -)
Line
Exports of goods and servicesExcluding transfers under military grantsMerchandise, adjusted, excluding military ! _ _
Transfers under military sales contracts
Transfers under military grants, net
Transportation
III
II
IV
I
II
III
IV
I
II
Ill
IV
6 977
6,534
7,270
6,988
7,428
7,010
7,478
7,154
7,447
6,904
7 435
7,188
7 736
7,385
7 688
7 298
8 364
7 738
7 910
7 692
7 927
7 622
4,640
71
443
446
_ __
7,415
6,793
4,876
90
622
443
4,993
88
282
452
4,980
86
418
441
5,054
86
324
440
4,766
112
543
451
4,998
110
247
445
5,136
94
351
469
5,033
110
390
494
5,289
189
626
480
5 289
153
218
488
4,993
204
305
502
7
8
9
10
Travel
Fees and royalties from direct investments
Other private services
Other U S Government services
224
89
221
36
227
95
°20
36
237
103
227
43
231
116
226
38
229
107
230
42
236
109
242
43
240
120
233
44
242
127
'MO
45
248
127
238
46
9
249
151
40
50
231
153
'M3
54
229
149
'M5
54
11
12
13
Income on U.S. investments abroad.
Direct investments 2
Other private assets
U.S. Government assets
571
151
85
592
151
63
569
166
110
623
178
91
686
188
92
651
192
102
715
203
80
716
210
106
678
222
102
735
218
137
735
232
114
896
232
118
14
-5 969 -6,014 -5,827 -5,514 -5,539 -5,596 -5,925 -6,062 -6, 186 -6,330 -6,354 -6,435
Imports of goods and services
15
16
17
Merchandise, adjusted, excluding military J
Military expenditures
Transportation
18
19
20
Travel
Private payments for other services
U.S. Government payments for other services
22
Income on foreign investments in the United States:
Private payments 2
U.S. Government payments
..
—3, 809 —3 851 -3, 641 —3,431 —3, 387 —3, 430 -3, 804 —3, 889 —3, 955 —4, 069 —4, 103 —4, 060
-803
-797
-701
-724
-765
-760
— 775
— 764
-733
-780
-776
— 755
-487
-492
-493
-515
-536
-509
-568
-480
-468
-490
-480
-468
-435
-117
-74
_
-437
-123
-78
-431
-124
-78
-440
-119
-102
-437
-122
-94
-442
-123
-108
-466
-126
-102
-466
-121
-94
-484
-114
-91
-488
-114
-105
-501
-111
-108
-178
-101
_ _
—447
-118
-83
-185
-86
-187
-181
-68
-174
-69
-180
-65
-186
-68
-189
-76
-190
-80
-192
-84
-194
-86
-195
-89
1,401
779
1,443
1,161
1,914
1,496
1,939
1,615
1,851
1,308
1,510
1,263
1,674
1,323
1,502
1,112
2,034
1,408
1,556
1,338
1,492
1,187
-1,193
-650
-876
-629
-995 -1,116 -1,267
-641
-726
-644
-874
-656
-979
-674
23
24
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14)
1,008
565
25
26
Unilateral transfers, net; transfers to foreigners (— )
Excluding military grants
-977
-534
27
28
29
30
-1,199
—577
-911 -1,039
-629
-621
-977
-653
— 111
-443
-367
—56
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24
and 26). 3
32
Transactions in U.S. private assets, net; increase in assets (— ) .
— 122
-622
-406
—49
j29
-282
-454
-53
— 128
-418
-437
—56
-123
-324
-468
-62
— 117
-543
-473
-60
-125
-247
-448
-56
— 199
-351
-465
-57
-130
-390
-528
-68
-134
-626
-448
-59
-130
-218
-468
-58
-139
-305
-475
-60
31
Private remittances
Military grants of goods and services
Other U.S. Government grants ! -_ _ _
_ _
U S Government pensions and other transfers
202
532
875
962
658
634
679
386
767
682
513
-1,270 -1,258 -1,037
-923
-674
2
-677
-434
-108
47
-105
-635
-115
46
-71
-593
-901
-871
-495
-84
41
— 69
-284
-135
29
-88
-485
-151
40
-73
-335
-153
38
-157
-270
-159
66
-91
-424
-250
36
-33
-482
-191
45
(*)
-478
-476
56
28
-122
-327
-146
-258
-41
78
-15
-81
75
-63
-66
-136
-23
64
-40
-137
_2
-11
-1,032 -1,188 -1,060
33
34
35
36
Direct investments
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
-343
-262
53
—23
-262
-70
55
— 110
37
38
Claims reported by U.S. banks: *
Long-term
Short-term
—33
— 100
—52
-138
-38
-590
-30
-167
45
-352
-29
-253
-30
-193
39
40
Claims reported by U.S. residents other than banks: l
Long-term
Short-term
_9
-12
-88
2
-40
-24
-262
-31
-92
9
-161
-45
-95
-139
-401
460
-465
41
42
43
44
45
46
47
48
49
50
36
Transactions in U.S. Government assets, excluding official reserve assets,
-216
net; increase in assets (— ).
Loans and other long-term assets l
_ _
_
_ - f —392
Foreign currencies and other short-term assets 1
Repayments on credits:
Scheduled
Nonscheduled
155
1
164
58
-315
fii *}
127
477
-393
153
145
98
6
155
51
-320
-213
768
427
-164
881
389
-170
-161
11
146
124
-483
510
-54
312
304
-114
237
116
-324
44
446
104
331
24
351
14
359
553
969
590
689
617
114
5
182
24
128
7
124
5
175
740
1,071
371
50
94
638
921
109
81
102
150
371
-25
25
831
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+).
-411
—468
159
- -
-539
25
C7Q
-382
159
17
Transactions in U.S. official reserve assets, net; increase in assets ( — )
Gold*
Convertible currencies
Gold tranche position in IMF *
-349
-49
-83
919
361
10
201
634
-295
680
51
52
53
Direct investments 2
U.S. securities other than Treasury issues
Long-term liabilities reported by U.S. banks
40
170
1
59
117
1
53
5
1
-11
-10
3
21
104
(*)
31
152
-1
-5
3
-3
26
65
-1
41
145
(*)
77
6
-1
6
-23
4
8
6
2
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
4
-5
3
-53
-5
-6
-1
-27
-3
77
-3
79
26
-13
35
32
7
-23
-16
-50
3
12
-54
56
57
Liabilities of U.S. Government, excluding marketable or convertible securities: !
Associated with specific transactions
Other nonmarketable nonconvertible medium-term securities
-61
103
50
-66
-1
24
62
0
140
83
204
186
251
58
59
U.S. Government marketable or convertible bonds and notesl J _.
Deposits and money market paper held in the United States
OQQ
^oo
37Q
518
501
60
Errors and omissions net
r
,
-131
Revised.
* Preliminary.
*Less than $500,000(±). n.a. Not available.
1 Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5; for
lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.
2
Excludes undistributed profits of subsidiaries.
3
Numerically equal to net foreign investment in U.S. national income and product accounts.
-270
-224
-297
-273
-428
107
-310
-31
-234
4
1
-392
°74
-396
Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
June 1967
27
Table 2.—U.S. International Transactions—Seasonally Adjusted—Continued
[Millions of dollars]
1965
1964
1963
1966
1967
Line
I
II
III
IV
I
II
7,999
7,552
8,794
8,119
8,310
8,176
8,805
8,579
9,427
9,130
9,557
9,033
p 9,586
9,371
"9,859
9,565
5,014
187
447
486
5,549
196
675
540
5,620
126
134
545
5,888
148
226
544
6, 186
208
297
578
6,154
152
524
571
6,370
189
p215
589
245
161
249
56
253
161
252
59
253
161
257
58
264
177
266
62
293
183
270
60
296
184
283
65
797
236
121
739
251
119
761
262
133
832
273
125
928
295
129
-6,400
-6,580
-6,780
-6,813
-4, 045
-757
-567
-4, 208
-741
-562
-4,361
-719
-589
-4, 378
-719
-598.
-503
-109
-109
-526
-113
-112
-545
-112
-117
-219
-91
-223
-95
1,599
1,152
I
II
III
IV
I
II
III
IV
p9,140
8,768
p 10,845
10,180
p 10,352
10,080
p 10,438
10,119
p 10,786
10,511
p 10,975
10,618
P! 1,107
10,913
p 11,168
10,997
11,661
11,317
1
6,587
198
P294
586
5,628
210
P372
534
6,880
192
p665
620
6,811
230
p 272
603
6,925
212
P319
633
7,203
209
p275
636
7,181
222
P357
642
7,382
206
p 194
661
7,402
210
P171
650
7,690
338
344
675
3
4
302
189
279
66
316
200
283
73
320
218
290
69
335
225
294
346
238
304
74
379
243
304
70
374
239
308
73
383
261
309
85
408
283
310
76
408
262
320
91
409
243
297
83
7
8
9
10
898
305
125
923
318
146
925
337
60
1,011
345
143
1,061
353
148
974
354
146
917
361
75
941
375
153
988
394
153
1,034
410
143
1,082
426
146
996
424
162
11
12
13
-6,910
-7,079
-7,208
-7,440
-8,139
-8,233
-8,599
-8,997
-9,265
-9,762
-9,913
-9,981
14
-4,399
-744
-604
-4, 585
-732
-618
-4, 730
-694
-620
-4,907
-691
-620
-4, 669
-671
-641
-5,475
-711
-679
-5, 556
-754
-646
-5, 772
-785
-708
-6, 025
-861
-722
-6, 225
-911
-709
-6, 580
-953
-727
-6,680
-969
-756
-6, 689
-1,041
-753
15
16
17
-540
-110
-109
-532
-120
-154
-545
-123
-120
-554
-123
-125
-580
-125
-137
-600
-115
-135
-603
-106
-141
-610
-103
-129
-625
-103
-137
-637
-116
-161
-674
-114
-161
-672
-112
-153
-674
-112
-159
-678
-120
-169
18
19
20
-233
-104
-249
-110
-246
-111
-246
-110
-253
-109
-258
-122
-279
-122
-307
-117
-317
-118
-338
-131
-342
-133
-337
-134
-427
-138
-419
-144
-401
-130
21
22
2,214
1,539
1,530
1,396
1,992
1,766
2,517
2,220
2,478
1,954
"2,378
2,163
p2,419
2,125
p 1, 908
1,536
p 2, 706
2,041
p 2, 119
1,847
p 1,839
1,520
p 1, 789
1,514
P 1,710
1,353
P 1, 345
1,151
P 1,255
1,084
1,680
1,336
23
24
— 1,116
-669
-1,371
-696
-862
-728
-941
-715
-988
-691
-1,241
-717
p -909
-694
p -974 P- 1,036 p- 1,440
-680
-664
-775
p -997
-725
p -979 p- 1,126 p- 1,090
-660
-851
-733
p -903
-709
p-803
-632
-1,066
-722
25
26
-160
-447
-440
-69
-155
-675
-475
-66
-159
-134
-506
-63
-155
-226
-496
-64
-155
-297
-469
-67
-149
-524
-502
-66
-154
p -215
-468
-72
-159
p -294
-447
-74
-167
p -665
-475
-133
-166
p -272
-476
-83
-166
p-319
-417
-77
-160
p -194
-431
-118
-162
p -171
-386
-84
-165
-344
-464
-93
27
28
29
30
483
843
668
1,051
1,529
1,237
1,469
1,445
872
1,266
1,122
.860
663
620
442
452
614
31
-1,114
-1,625
-683
-1,034
-1,371
-1,443
-1,624
-2, 104
-1,657
-389
-885
-812
-981
-1,135
-932
-1,084
-1,006
32
-617
-483
43
-79
-465
-443
50
-72
-324
222
52
15
-570
-102
50
87
-451
-128
54
94
-548
-212
38
40
-664
-119
38
35
-772
-604
63
24
-1,208
-303
55
49
-864
-258
52
130
-628
-347
42
53
-718
-298
73
-6
-634
-467
118
-9
-1,006
-236
123
122
-900
-280
75
155
-922
-227
89
55
-695
-333
100
-7
33
34
35
36
10
60
-194
-465
-138
-121
-432
-255
-259
-442
-93
-567
-265
-117
-324
-397
-467
-29
175
162
-68
52
128
140
123
85
-27
-61
73
16
168
-124
153
-82
37
38
-47
-1
50
-86
2
53
158
30
-26
-213
-58
-43
-271
-261
12
-106
6
240
-6
220
-20
31
-68
-63
-17
-180
-51
1
-28
-43
-16
-107
-67
-75
39
40
-74
-441
-309
-381
-405
-579
-396
-490
-244
-445
-365
-500
-328
-338
-741
41
-559
-607
-687
-579
-680
-644
-574
-575
-706
-746
-738
f
-955 \
42
43
145
33
171
31
101
7
173
10
185
5
217
183
106
23
207
3
199
7
192
226
208
192
214
44
45
-495
-654
-665
-832
-493
-644
-524
145
25
144
34
178
241
177
26
163
52
III
IV
-7,232
-159
P -372
-432
-73
-160
p -275
-610
-81
-165
p -357
-488
-80
IP
6
32
124
227
-5
-51
303
70
-151
842
68
41
271
424
68
82
-6
1,027
46
111
-33
-46
116
6
2
196
-28
59
38
-58
15
46
-228
131
-73
258
118
-20
-45
135
172
-205
-118
832
-58
68
590
-56
-466
124
-413
330
119
178
-26
68
222
134
209
-163
22
173
-426
335
121
-173
46
51
1,007
-31
47
48
49
1,254
1,390
87
251
485
441
664
1,724
286
-342
211
236
492
1,145
459
1,205
312
50
-5
14
3
47
114
33
40
51
12
-87
103
14
17
-42
36
29
14
52
-27
-30
14
-24
-26
135
85
57
152
-95
-242
43
45
-227
-51
22
55
59
52
173
55
37
520
441
-113
107
100
110
109
380
53
112
368
51
52
53
-6
-30
4
65
-6
17
-5
-75
-5
5
19
-29
65
-5
24
8
-5
-5
68
10
39
16
47
29
39
16
63
86
112
74
55
108
66
54
55
69
5
66
-10
114
-50
193
-1
139
-50
18
2
223
(*)
106
29
13
157
—1
-21
(*)
55
-6
-30
—53
40
—26
107
—23
-1
53
88
(*)
56
57
1,204
1,071
-91
109
385
311
448
1,485
-24
-267
416
-12
227
54
83
425
(
-483 \
58
59
160
-78
-225
178
-283
-157
-174
-335
53
-113
-245
-110
-233
-198
277
-229
-206
60
(*)
SURVEY OF CURRENT BUSINESS
28
June 19GT
Table 3.—U.S. Balance of Payments
[Millions of dollars]
1946
Line
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
Balance on liquidity basis — measured by increase in U.S. official reserve
assets and decrease in liquid liabilities to all foreigners:
1
Seasonally adjusted; decrease in net assets (— )
9
Less seasonal adjustment
-
_
_ _
3
Before seasonal adjustment (lines 4 and 8, with sign reversed)
4
II S official reserve assets (table 1 line 46)' increase (— )
5
6
7
8
9
10
11
12
|
_
Gold 1
Convertible currencies
IMF gold tranche position l
Liquid liabilities to all foreigners (table 1, lines 58 and 59); decrease (— ).
To official agencies
To commercial banks 2
To other foreign residents and unallocated 3
To international and regional organizations
993
817
4,210
136 -3,489
-8 - 1, 206 -2, 184 -1,541 -1,242
9 9Q9
1,035
41
-306
-798
2,275
1,075
182
141
-563
-367
1/
-40
928
1,061
1,060
1,842
587
1,073
2, 835
na
-59
n.a.
n.a.
n a
1
n.a.
n.a.
n a
410
n.a.
n.a.
n a
428
n.a.
n.a.
n a
60
n.a.
n.a.
n.a
48
n.a.
n.a.
n.a
1,158
n.a.
n.a.
n.a.
n.a.
n.a.
-266
1,758
-33
-415
1,256
480
182
—623 —2 162 -1,530
-164
1,743
-53
-379
1,161
298
-102
15
20
-36
95
1,731
41
1,621
na
n.a.
n.a.
n.a.
n a
498
n.a.
n.a.
na
32
n.a.
n.a.
-206
578 -3,365 -3,870
-869 -1,165
-623 -3,315 -1,736
-1,153
-973
!
-370
-895
919
130
n.a.
n.a.
n.a.
na
na
n.a.
n.a.
n a
na
n.a.
n.a.
n a
na
n.a.
n.a.
n a
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-623 -3,315 -1,736
-266
1,758
-33
-415
1,256
480
182
Balance on official reserve transactions basis— measured by increase in
U.S. official reserve assets and decrease in liquid and certain nonliquid
liabilities to foreign official agencies:
13
Seasonally adjusted ; decrease in net assets ( — )
14
Less seasonal adjustment
15
Before seasonal adjustment (lines 16 through 18, with sign reversed) __
n.a.
n.a.
n.a.
-869 -1,165
2,292
1,035
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
1G
U.S. official reserve assets (line 4); increase (— )
17
Liquid liabilities to foreign official agencies (portion of line 9 4 );
decrease (— ).
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
18
Certain nonliquid liabilities to foreign official agencies; decrease
na
na
na
na
na
n.a
n a.
na
n.a.
19
Liabilities reported by U S private residents (table 1
portions of lines 53 through 55).
na
na
na
na
na
na
na
na
n a
na
na
n.a.
n.a.
n.a.
20
Liabilities reported by U.S. Government (table 1, portions
of lines 56 and 57).
na
na
na
na
na
na
na
na
na
na
na
n.a.
n.a.
n.a.
p Preliminary.
n.a. Not available.
Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF
in 2the second quarter of 1965.
Includes deposits of foreign branches of U.S. banks and of foreign commercial banks,
associated with their U.S.-dollar denominated liabilities to foreign official agencies.
1
3
4
May include U.S. Government bonds and notes held by foreign commercial banks.
Excludes changes in Treasury liabilities to certain foreign military agencies during 1960-62,
which are included in line 9.
SUEVEY OF CURRENT BUSINESS
June 1967
29
and Reserve Position
[Millions of dollars]
1961
1962
1964
1963
1965
19 62
19 61
1960
1960
19 63
Line
1966
I
IV
II
I
II
-841
-864 -1,003 -1,193
-532
-24
-3,901 -2,370 -2,203 -2,671 -2,800 -1,335 -1,357
-838 -1,189 -1,169
-26
186
I
II
III
IV
-686 -1,201
-806
-354
-380
-663 -1,236 -1,195
-1
-332
-32
313
51
-912 -1,200
III
-201
-136
III
49
226
IV
I
II
III
-136
-104
462
-531
IV
74
1
-331
73
-474
-322
-693
-714
-598
-178
3
2,145
606
1,533
378
171
1,222
568
159
175
740
1,071
371
-320
-213
768
427
-164
881
389
32
124
°27
-5
4
1,703
890
17
626
461
-113
30
125
-220
266
1,665
-349
-94
571
-540
537
50
94
638
921
81
102
150
-170
— 161
11
146
124
-483
510
— 54
312
304
— 114
237
116
—324
44
446
104
331
24
351
14
111
—33
-46
196
— 28
59
38
— 58
15
(
109
371
-25
25
116
G
442
857
-116
-135
1,756
1,764
670
2,293
2,629
113
789
546
663
449
98
-40
247
1,125
432
47
486
-188
325
673
1,066
371
183
s
1,448
140
-167
335
681
586
90
407
456
-138
140
212
1,673
470
385
-235
1,075
1,454
343
-243
-18 -1,595
116 2,697
212
306
-291 -525
102
449
-86
81
402
170
17
74
405
16
-61
89
539
-495
-37
91
44
-21
-115
52
-317
460
29
899
84
60
82
55
63
70
244
-653
447
40
213
462
-250
276
_2
269
-212
-139
-106
378
-123
-37
107
276
386
76
-65
925
80
110
-49
321
-23
86
-13
151
27
113
-108
1(
11
12
-645 -1,001 -1,420
— 915 — 1 141
— 945
— 58
100
13
— 752
109
414
999
14
-389 -1,054
-705
-337
—318
-3,403 -1,347 -2,705 -2,044 -1,549 -1,304
2,145
606
1,533
378
171
1,258
741
918
1,673
1,075
254
659
— 518
—393
44
196
153
-677 -1,156 -1,551
155
— 672 — 426
— 537
—356 — 1,008
56
°77
'0
'4
225
-19
-423
615
-714
-825
111
-412 -1,285 -1,119
-472
-129
15
568
159
175
740
1,071
371
-320
-213
768
427
-164
881
389
32
124
227
-f>
1C
-18 -1,595
-140
502
416
480
52
-295
927
57
-538
577
384
495
276
925
321
151
17
_1
g>
'3
'5
81
5
— 76
— 17
IS
1,222
303
100
802
9
254
—816
131
32
-705 -1,190
149
-38
788
-16
154
138
14
0
9
—1
°0
9
35
81
—4
19
-76
j7
20
SUEVEY OF CUEEENT BUSINESS
30
Juno 1907
Table 3—U.S Balance Payment and Reserve Position—Continued
[Millions of dollars]
19 34
Line
I
II
i9e 6
19f >5
III
I
IV
II
III
ii
I
IV
Amounts
outstanding Mar.
31, 1967
1967
III
IV
I P
Balance on liquidity basis— measured by increase in U.S.
official reserve assets and decrease in liquid liabilities to
all foreigners:
1
Seasonally adjusted; decrease in net assets (— )
—334
— 614
2
Less seasonal adjustment
— 558
18
3
Before seasonal adjustment (lines 4 and 8, with sign
reversed)
224
4
U.S. official reserve assets (table 1, line 46); increase
(— )
—51
303
70
— 151
842
46
-228
131
—73
258
118
—20
—45
135
172
832
-58
68
-173
—399
256
56
-86
329
214
93
46
-24
951
389
588
115
-141
871
517
126
8
5
6
7
8
9
10
11
12
Gold i
Convertible currencies _
IMF gold tranche position
1
Liquid liabilities to all foreigners (table 1, lines 58 and
59); decrease (— )
.
_
To official agencies
To commercial banks 2 _ _
To other foreign residents and unallocated 3
To international and regional organizations
—818
199
— 457
-259
— 651
-122
— 165
-419
—544
37
—636
11
549
76
— 604
27
530
47
— 301
— 632 — 1,021 — 1,371
— 182
188 — 1,006
— 335
— 47
— 149
— 695
— 466
— 243
68
41
271
424
68
82
-6
1,027
13, 855
590
-56
124
119
178
-26
68
222
134
209
173
121
51
-173
1,007
13, 184
314
357
64
697
-377
-852
—518 — 1,334
503
-205
-118
1,522
-660
-861
163
104
-66
-413
-466
330
-256
-107
-205
-539
82
-26
965
253
697
72
-57
-163
22
81
54
316
66
-426
335
613
472
-598
1,144
-199
-142
404
109
-38
-355
91
-24
48
46
833
-54
-108
-31
-784
-83
-751
86
-36
28, 989
14, 584
9,178
4,358
869
Balance on official reserve transactions basis— measured
by increase in U.S. official reserve assets and decrease
in liquid and certain nonliquid liabilities to foreign
official agencies:
-18 -1,822
13
Seasonally adjusted; decrease in net assets (— )
— 313
— 379
—239
— 618
—834
239
207
-916
— 443
-175
861
14
Less seasonal adjustment
—796
161
442
193
—876
184
483
209
—846
210
456
180
-543
15
Before seasonal adjustment (lines 16 through 18 with
sign reversed).
483
—540
— 681
—811
42
55
403
— 385
405
-198
-1,279
—276 — 1 , 125
16
U.S. official reserve assets (line 4); increase ( — ) _ . -
-51
303
70
-151
842
68
41
271
424
68
82
-6
1, 027
13, 855
17
Liquid liabilities to foreign official agencies (portion of line 9 4 ); decrease (— ).
-399
214
389
871
-861
-107
253
697
-852
54
-598
-199
-83
14, 584
18
Certain nonliquid liabilities to foreign official
agencies; decrease (— ).
-33
23
922
91
-23
-16
-18
157
25
263
111
403
335
1,788
19
Liabilities reported by U.S. private residents
(table 1, portions of lines 53 through 55).
26
44
15
64
-21
-29
-16
28
43
284
88
373
306
1,214
20
Liabilities reported by U.S. Government
(table 1, portions of lines 56 and 57).
-59
-21
207
27
_2
13
_2
129
-18
-21
23
30
29
574
June 1967
SUEVEY OF CURRENT BUSINESS
31
Table 4.—U.S. Merchandise Trade
[Millions of dollars]
1960
1961
1962
1963
1964
1965
19,489
Line
19,954
20,604
22,071
25,297
26,244
29 168
268
127
4
387
149
9
531
111
51
512
145
11
472
218
-139
G62
122
84
441
181
3C
I960
1
Merchandise exports, adjusted (table 1, line 3)
2
3
4
Plus merchandise exports, other than military grant shipments excluded from line 1 but included in Census
data 2
Less merchandise exports included in line 1 but excluded from Census data 3 _ _
Less miscellaneous and special adjustments to Census data incorporated in line 1, net 4
5
6
Equals: Merchandise exports, Census basis, including reexports, excluding military grant shipments
Plus military grant shipments recorded in Census data
19,626
949
20,190
810
20,973
727
22,427
920
25,690
818
26,700
778
29,39f
94C
7
Equals: Merchandise exports, Census basis, including reexports and military grant shipments
20,575
21,000
21,700
23,347
26,508
27,478
30,33f
4,832
15 743
14 794
5,024
15 976
15 166
5 034
16 666
15 939
5, 584
17 763
16 843
6,347
20 161
19, 343
6,343
21, 135
20, 357
7, 02fr
23 30£
22, 36£
14 732
14,510
16,187
16,992
18,621
21,472
25,51(
482
126
70
394
125
65
384
150
31
341
157
38
248
176
9
188
202
92
22(
24,
-6,
8
9
10
Agricultural goods
__
_ _
Nonagricultural goods
Excluding military grant shipments
11
Merchandise imports, adjusted (table 1, line 15)
12
13
14
Plus merchandise imports excluded from line 11 but included in Census data G5
Less merchandise imports included in line 11 but excluded from Census data
Less miscellaneous and special adjustments to Census data incorporated in line 11, net 4
.
15
Equals: Merchandise imports, Census basis (general imports) .. _
.
7
15 018
14,714
16 390
17,138
18,684
21,366
25,55(
16
17
18
Foods, feeds, and beverages
Coffee, cocoa, and sugar
Other
3 286
1 657
1 629
3 331
1 581
1 750
3 573
1 691
1 95°
3,753
1 701
2 052
3,914
1,786
2,128
3,946
1,625
2, 321
4, 49<
1,69
2, 80£
19
20
21
22
23
24
Industrial supplies and materials
Fuel and lubricants
Building materials (except metals)
Iron and steel products. .
Other metals and metal ores (except uranium)
Other
.
7 834
1 580
541
507
1 667
3 539
7 670
1 727
538
421
1, 564
3 420
8 501
1 906
616
537
1 754
3 688
8 808
1 931
661
692
1,773
3 751
9 500
2, 015
707
825
2,001
3,952
10, 963
2, 212
725
1, 272
2, 424
4,330
12, 091
2, 24
78<
1,31
2, 91
4,83
25
26
27
Capital goods (except automotive)
Machinery and miscellaneous transport equipment
Civilian aircraft, complete. _
__ _
566
540
696
576
74
763
685
40
828
803
1
1,048
1,028
9
1,474
1,372
67
2,15(
1,93
15,
28
29
30
31
Automotive vehicles and parts (including engines)
Passenger cars, new and used
Trucks, buses, and special vehicles
Automotive parts and accessories (including engines)
628
544
29
55
378
317
13
48
515
433
17
65
580
467
23
90
757
593
23
141
921
670
44
207
1,89(
1,24'
17'
47*
32
33
34
35
Consumer goods (nonfood), except autos and parts
Consumer durables, manufactured
_
Consumer nondurables, manufactured
Gem stones, nursery stock, etc., unmanufactured
1,901
971
714
216
1,889
1,000
644
245
2,276
1,216
811
249
2,389
1,266
843
280
2,694
1,379
991
324
3, 305
1,732
1,192
381
3,91'
2,10
1,34<
45
803
750
762
780
771
849
1,00
6,676
4,772
3,65
36
37
_
_
_ _ _
All other, n.e.c. (uranium, military aircraft, low value shipments, U.S. goods returned, et(O
Balance on merchandise trade, adjusted (line 1 less line 11)
4 757
5,444
4,417
5,079
17 591
17, 745
18, 271
19, 350
22, 496
23, 486
26, 15
2, 859
3,235
2,084
2,358
3,875
2, 014
64
Memorandum items:
38
39
Merchandise exports, adjusted, excluding those financed by U.S. Government grants and capital outflows (line 1 less line A.28 of table 5) s
_
Balance on merchandise trade, adjusted, excluding exports financed by U.S. Government grants and
capital outflows (line 37 less line A.28 of table 5) 8
pPreliminary.
n.a. Not available.
1
Exports and imports in the fourth quarter of 1964 and the first 2 quarters of 1965 were distorted by the longshoremen's strike in the first quarter of 1965.
2
Consists mainly of exports of military equipment under Defense Department sales contracts with foreign governments to the extent that such exports are included in the Census
data. Also includes exports of domestically owned goods into storage abroad (e.g., U.S. grain
stored in Canada); exports to the Panama Canal Zone; and exports of exposed motion picture
film for rental rather than sale.
3
Includes exports of domestically owned goods out of storage abroad (e.g., U.S. grain sold
from storage in Canada); exports of electrical energy; exports of nonmonetary gold, and silver
and net sales of gold by U.S. private residents to the U.S. monetary gold stock; personal remittance in kind (gift parcels sent through the mail); and transfers, financed under nonmilitary aid programs, of goods to recipient countries from Defense Department stocks located
abroad.
4
Includes valuation adjustments for goods considered to be underpriced or overpriced in
Census data; timing adjustments for goods recorded in the Census data in one reriod but
known to have been shipped in another period; and coverage adjustments for special situations in which shipments are omitted from the Census data.
of 6U.S. vessels.
Includes imports of electrical energy; and imports of nonmonetary gold and silver, and net
purchases of gold by U.S. private residents from the U.S. monetary gold stock.
7
Reflects revisions m ade by the Bureau of the Census to correct for distortions in the monthly
import totals originally reported for July to December 1965. These distortions were caused by
large irregularities in the monthly flow of documents transmitted by Customs to the Census
Bureau after the close-out date for processing a given month's statistics. The accompanying
commodity detail, lines 16-36, incorporate the Census Bureau's revisions and, in addition,
the special adjustments represented in line 14.
8
The entries in this line reflect only an approximate measure of merchandise exports not
financed by Government grants and capital outflows since Government financing of exports may not coincide with actual shipments.
Source: U.S. Department of Commerce, Office of Business Economics.
SUEVEY OF CURRENT BUSINESS
32
June 1067
Table 4.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Not seasonally adjusted
Line
1965
Seasonally adjusted
1966
1965
1967
1967
1966
I i
1
Merchandise exports, adjusted (table 1,
line 3)
2
Plus merchandise exports, other than military grant shipments excluded from line 1
but included in Census data 2
Less merchandise exports included in line 1
but excluded from Census data 3 ..
Less miscellaneous and special adjustments
to Census data incorporated in line 1,
net 4
3
4
5
6
Equals: Merchandise exports, Census
basis, including reexports, excluding military grant shipments.. _ .
Plus military grant shipments recorded in
Census data
Equals: Merchandise exports, Census
basis, including reexports and military
grant shipments
8
9
10
11
12
13
14
15
Hi
III
IV
I
II
III
IV
IP
Ii
Hi
Ill
IV
I
II
Ill
IV
5,597
7,030
6,329
7,288
7,073
7,361
6,968
7,766
7,588
5,628
6,880
6,811
6,925
7,203
7,181
7,382
7,402
7,690
116
129
177
240
98
129
102
111
156
36
29
25
32
38
55
54
35
54
7,842
7,690
5,589
6,940
6,920
7,090
7,217
7,259
7,452
7,484
7,792
84
Plus merchandise imports excluded from
line 11 but included in Census data ^
Less merchandise imports included 5in line
11 but excluded from Census data
Less miscellaneous and special adjustments
to Census data incorporated in line 11,
net 4
Equals: Merchandise imports,
basis (general imports)
—20
5,593
7,130
6,481
7,496
7,083
7,435
7,036
226
247
160
145
158
348
239
7,377
6,641
7,641
7,241
7,783
7,275
8,037
7,877
1,646
5,731
5,484
1,522
5,119
4,959
1,919
5,722
5,577
1,682
5,559
5,401
1,696
6,087
5,739
1,666
5,609
5,370
1,984
6,053
5,858
1,630
6,247
6,060
1,258
1,689
1,695
1,684
1,693
1,746
1,860
1,752
1,632
4,331
5,251
5, 225
5,406
5,524
5, 513
5,592
5, 732
6, 160
5,484
5,484
5,910
5,919
6,271
6,528
6,792
6,625
4,669
5,475
5,556
5,772
6,025
6,225
6,580
6,680
6,689
5,456 75,425 75,737
5,819
Agricultural goods
1,256
Nonagricultural goods _
4,563
Excluding military grant shipments. 4,337
Merchandise imports, adjusted (table 1,
line 15)
50
IP
4,594
195"
187
54
51
43
40
57
60
60
43
58
39
49
49
65
61
68
57
59
62
107
-15
21
-71
-15
Census
7
5,9DO
5,894
6,334
6,546
6,776
6,621
4,666
6,020
6,307
6,618
6,685
6,684
16
17
18
Foods, feeds, and beverages.. . ._
Coffee, cocoa, and sugar
Other
783
305
478
995
412
583
1,023
446
577
1,145
462
683
1,073
441
632
1,116
412
704
1,116
437
679
1,194
401
793
1,149
449
700
805
299
506
1,006
420
586
1,049
443
606
1,060
444
616
1,123
452
671
1,131
425
706
1,135
423
712
1,129
409
720
1,189
448
741
19
20
21
22
23
Industrial supplies and materials
2,467
Fuel and lubricants.
578
Building materials (except metals) „
155
Iron and steel products
235
Other metals and metal ores (except uranium)
.
487
Other
1,012
2,894
562
186
375
2,776
534
201
358
2,826
538
183
304
2,838
600
177
250
3,100
530
223
323
3,138
572
215
390
3,016
545
174
349
2,999
621
164
313
2, 491
540
175
239
2, 826
571
175
368
2,780
549
181
347
2,849
553
193
299
2,880
561
201
264
3,029
539
210
325
3,128
587
194
372
3,070
566
184
364
3,028
576
185
313
627
1,144
636
1,047
674
1,127
578
1,233
731
1,293
799
1,162
802
1,146
676
1,225
558
979
599
1,113
592
1,111
670
1,134
662
1,192
700
1,255
743
1,232
798
1,158
774
1,180
381
364
421
464
532
542
613
617
294
362
395
417
458
506
578
623
602
341
13
369
16
379
27
412
32
454
39
518
45
569
37
566
17
24
25
26
27
28
29
30
31
32
33
34
35
36
37
Capital goods (except automotive)
Machinery and miscellaneous transport equipment.
Civilian aircraft, complete. _ _
Automotive vehicles and parts (including engines)
Passenger cars, new and used
Trucks, buses, and special vehicles..
Automotive parts and accessories
(including engines) _
Consumer goods (nonfood), except
autos and parts... .
Consumer durables, manufactured _.
Consumer nondurables, manufacfactured
_
Gem stones, nursery stock, etc.,
unmanufactured..__ _
4,609
308
5,486 75,371
291
11
360
13
338
16
383
27
418
32
480
39
482
45
559
37
581
17
277
11
187
140
7
227
171
8
188
135
6
319
224
23
444
316
27
421
272
34
412
258
42
619
398
71
644
428
69
162
122
225
170
8
239
174
6
292
204
23
400
280
27
415
269
34
517
337
42
578
365
577
377
69
40
48
47
72
101
115
112
150
147
33
47
59
65
93
112
138
141
131
672
340
782
423
915
474
936
495
846
450
919
498
1,087
565
1,060
595
948
495
747
385
823
434
837
448
885
457
942
510
965
511
994
533
1,005
552
1,055
561
242
286
344
320
288
310
412
339
344
275
308
290
318
327
334
349
337
390
110
105
120
112
116
104
90
73
97
121
108
111
110
126
109
87
81
99
All other, n.e.c. (uranium, military
aircraft, low value shipments, U.S.
goods, returned, etc.).-. . . __ _
192
207
212
238
229
246
251
274
264
167
214
232
218
217
261
266
280
233
Balance on merchandise trade, adjusted
(line 1 less line 11) ... ...
1,003
1,546
845
1,378
1,154
1,090
440
974
963
959
1,405
1,255
1,153
1,178
936
832
722
1,001
6,177
5,661
6,622
6,359
6,568
6,281
6,948
6,721
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
693
177
712
440
297
-247
156
96
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
Memorandum items:
38
39
Merchandise exports, adjusted, excluding those financed by U.S. Government grants and capital outflows (line
Hess line A.28 of table 5) s
5,026
Balance on merchandise trade, adjusted,
excluding exports financed by U.S.
Government grants and capital outflows (line 37 less line A.28 of table
432
5) 8.
Pee footnotes on p. 31.
n.a.
n.a.
Table 5.—Major U.S. Government Transactions
[Millions of dollars]
1960
Line
1961
1962
1963
1964
1966
1965
Total
A.
1
la
2
3
4
5
t;
8
9
10
11
12
13
14
15
16
17
18
19
20
22
24
25
20
''7
28
99
30
31
32
33
34
M.
1
la
2a
3
U.S. Government grants (excluding military) and capital outflows total
(table 1, lines 29, 42, and 43, with sign reversed)
Seasonally adjusted...
.
.
_
4,054
4,293
4,551
4,263
4,277
4,680
II
III
IV
IP
1 169
1 335
1 124
By category :
Grants, net
.
_
_ _ __ _
Credits repayable in foreign currencies. ..
__
. _.
Other foreign currency assets (excluding administrative cash holdings), net - - - - - - - -
/ 419
1 103
1 307
1 101
1,185
._
Receipts from—
Sales of agricultural commodities Interest
Repayments of principal
Reverse grants. _. ._.
Other sources
Less disbursements for —
Grants in the recipient's currency
Credits in the recipient's currency
__. _
Other grants and credits
Other U.S. Government expenditures
3,405
I
1967
7"
194
/ 177
1,664
541
1,854
758
1,919
862
1,917
726
1 886
885
1,800
739
1,915
361
614
106
526
98
385
76
390
81
468
595
573
219
228
433
49
14
245
— 83
104
111
113
— 427
1,187
69
27
41
1,133
74
50
23
29
1,084
115
61
16
67
1,216
147
93
15
69
1.313
169
88
7
22
980
187
92
2
53
844
121
186
1
216
26
48
(*)
1
3
250
38
50
190
27
42
(*)
^ 2
188
30
46
1
1
198
28
52
(*)
179
312
44
238
262
490
60
278
373
448
19
275
393
420
28
266
531
647
23
349
336
572
13
379
386
232
7
289
214
80
2
80
108
64
2
61
34
43
1
72
30
45
2
76
38
564
154
500
18
172
1,009
122
1,145
62
1,399
112
1,361
1,754
— 100
2 239
474
593
10
499
-110
673
33
675
-45
42
17
14
-30
-30
20
—8
— 14
20
22
1,278
1,658
405
1,351
1,790
822
1,503
1,949
621
1,671
2,158
509
1,765
2 009
338
1,475
2 196
532
1,401
2 278
909
368
571
143
430
548
268
272
546
233
331
613
265
298
717
269
154
21
132
172
27
153
122
111
243
62
100
309
112
148
279
155
332
— 100
155
314
36
41
89
10
31
71
-110
47
77
33
44
82
238
-5
(*)
278
23
-6
275
20
-1
266
26
-18
349
-31
-8
379
-18
-16
289
-8
20
80
-8
-4
61
-1
-7
72
-5
15
76
6
16
102
2,279
1,898
300
2 908
2 209
431
3 949
2 333
575
3 737
2 721
666
3 578
2 801
594
3 569
2 758
648
3 960
3 012
749
913
714
905
1 146
793
194
909
687
149
992
818
201
1 144
867
187
17
15
11
48
3
130
987
15
130
65
23
62
111
90
93
175
33
130
113
5
111
14
38
5
30
20
23
9
41
80
147
94
50
-85
— 64
—1
-12
-136
-30
1,126
1.146
1,044
814
685
708
720
190
161
192
177
191
26
85
613
442
486
204
116
4
-6
107
69
49
-.
107
88
92
....
Capital subscriptions to international and regional organizations,
excluding IMF
... .__ . _
Credits repayable in dollars
._
_
...
Other long-term assets, net
Other short-term assets (including changes in administrative cash
holdings), n e t
- - - - - - - - _.
By program :
Under farm product disposal programs _ _ _ _ _ _ _ _
Under Foreign Assistance Acts and related programs
Under Export-Import Bank Act
Capital subscriptions to international and regional organizations,
excluding IMF
- __
Other assistance programs.. ___ __
_ _ _
Other foreign currency assets acquired (lines A.6, A. 7, and A.9)
Less foreign currencies used by U.S. Government other than for
grants or credits (line A. 13)
Advances under Exchange Stabilization Fund agreements, net
Other (including changes in administrative cash holdings), net
By disposition: 1
Estimated transactions involving no direct dollar outflow from the
United States
Expenditures on U.S. merchandise
Expenditures on U.S. services
Military sales contracts financed by credits (including shortterm, net) 2 (line B. 4)
U.S. Government credits to repay prior U.S. Government
credits 3
__
II S Government credits to repay prior U.S private credits
Increase in claims on U.S. Government associated* with Government grants and capital outflows (including changes in
retained accounts) (line B. 7). __ _ _
__
_. . _.
Estimated dollar payments to foreign countries and international
and regional organizations through U.S. Government grants and
capital outflows _ _ _ _ _
.
_
U.S. Government liabilities associated with specific transactions (table 1,
line 56); net increase (+)
... __
._ .
Seasonally adjusted
5
-16
Associated with military sales contracts.*
Seasonally adjusted
470
347
228
314
-213
341
-30
70
44
(*\
\
40
102
108
18
(*)
60
219
114
45
106
146
103
—8
U.S. Government receipts from foreign governments (including
principal repayments on credits financing military sales contracts), net of refunds
Plus military sales contracts financed by U.S. Government credits 5
(line A. 30)
328
417
1 142
964
981
1,098
947
263
129
179
376
349
15
'>5
11
97
48
8
3
9
287
46
15
10
65
6
23
108
16
Less transfers of goods and services (including transfers financed by
credits) (table 1, line 4). - _
_______
_ _ _
130
70
130
^
(i
17
26
335
402
656
657
747
844
847
198
260
178
211
327
7
Associated with U.S. Government grants and capital outflows (line A.
33)
._.
-
41
80
147
94
50
-85
-213
-64
—1
-12
-136
58
25
36
100
14
15
25
30
-79
— 75
— 150
—41
—36
—8
-20
— 11
— 15
(*)
(*)
( )
4
7a
8
9
10
11
12
13
13a
14
15
it;
r. i
9
3
Seasonally adjusted
Non-intcrest-bearing securities issued to IDA
Non-interest-bearing securities issued to IDB
Non-intercst-bearing securities issued to UN for special programs
Foreign funds retained in U.S. Government accounts for purchases
in the United States
. ._
Other
— 17
1
Associated with other specific transactions
Seasonally adjusted
58
_
_
Purchase of Columbia River downstream power rights
U.S. Government nonmilitary sales and miscellaneous operations..
Nonmarketable, nonconvertible U.S. Government obligations to
be liquidated against U.S. claims
1
Foreign holdings of nonmarketable, nonconvertible medium-term U.S.
Government securities not associated with specific transactions (table 1,
line 57); net increase (+) . . _
__ __
__.
Export-Import Hank Portfolio Certificates of Participation
U.S. Treasury securities not included elsewhere °
p Preliminary.
"Less than $500,000 (±).
As reported by the operating agencies.
Consists of transfers of military goods and services financed by U.S. Government credits
and of advance payments to the Defense Department (on military sales contracts) financed
by credits extended to foreigners by U.S. Government agencies.
3
Includes estimated net accumulations of foreign currency from principal repayments recorded in line A. 7.
4
Transactions under military sales contracts are those in which the Defense Department
sells and transfers military goods and services to a foreign purchaser, on a cash or credit basis.
The data for the several categories of transactions related to military sales contracts in this
1
2
—3
4
43
36
1
— 14
—6
10
—1
53
(*)
1
208
-25
— 12
-64
-1
-36
-19
— 10
-10
-20
-121
-11
-12
10
(*)
27
(*)
16
(*)
—4
-34
(*)
-4
251
251
1
-56
18
— 74
204
4
-23
—3
-20
—30
5
-7
(*)
—30
-4
99
-49
—3
-46
3
21
-10
(*)
-4
IS
__9
3
—2
-36
-136
^
-53
-26
-23
1
(*)
29
-11
-30
-1
25
-53
— 25
-23
(*)
-23
53
(*)
53
(*)
-3
99
(*)
(*)
(*)
and the other tables, for the periods beginning with the September 1964 quarter, are partially
estimated.
5 Consists of transfers of military goods and services financed by U.S. Government credits
(included in line B. 6) and of increases in Defense Depirt ne'it liabilities (0:1 military sales
contracts) which arise fro n advance payments to the Defense Department financed by credits
to 0 foreigners by U.S. Government agencies.
Through the last period shown, all securities included here have been payable in foreign
currencies.
Source: U.S. Department of Commerce, Office of Business Economics.
33
SUEVEY OF CUERENT BUSINESS
34
June 1967
Table 6.—Claims on Foreigners Reported by U.S. Banks and U.S. Private Residents Other Than Banks
[Millions of dollars]
1
Claims reported by U.S. banks:
Long-term (table 1, line 37, with sign reversed)
la
I
941
— 337
-17
39
550
136
233
19
-1
-32
-16
-107
-368
-119
7
1,523
-325
_
_
_ _ _ __
_
_
_
15
306
198
84
Seasonally adjusted
2,0
21
22
23
24
25
U.S.-dollar collections outstanding, _
Canada
United Kingdom
Other Western Europe
_ _
Japan _ _ _
_ _ _ _ _ _ _ _
Other countries
26
27
28
29
30
31
Other claims in U.S. dollars .__
Canada
United Kingdom
Other Western Europe
Japan
Other countries
32
33
34
35
36
37
Foreign currency deposits a n d other claims. _ _ _ _ _ _ _ _ _
Canada
United Kingdom
Other Western Europe _ _ _ _ _
_
__
Japan
Other countries
8
9
10
11
12
13
14
_
Short-term (table 1, line 38, with sign reversed)
U.S. -dollar acceptance credits
Canada. _ _
_______
United Kingdom
Other Western Europe
Japan
Other countries
7a>
_
_
14
15
16
17
18
19
7
_ _ _
_ _
U.S. -dollar loans
_
Canada.
United Kingdom
Other Western Europe
Japan _ _ _ _ _ _ _ _ _ _ _
Other countries
_
2
3
4
5
6
_ __ _ _ _ _ _ _
_
__.
_ _ _ _ _
_ _
__
_
_____
_
_
__ __
_ _ _
_ _ _ _ _ _ _ _ _
_____
__
__ _
— 156
4 024
_
__
_
_
_
_ _ _ _ _ _ _ _ _ _ _ _
_ _ _
_ _
___
___
_ _
_.
__
— 168
— 153
9
-12
— 119
-32
52
—6
—6
— 116
—49
70
—1
—1
—80
-39
-35
313
68
1 065
287
2,291
-145
59
-229
399
19
7,930
61
-16
124
82
44
-11
-4
49
-5
15
32
-21
16
20
-24
41
196
48
— 14
15
15
132
-122
20
1
-86
-50
-7
3,017
211
50
455
526
1,775
183
-3
8
37
29
112
88
13
(*)
-32
60
47
2,628
59
25
239
1,451
854
1,436
12
25
191
507
701
194
-61
-2
69
-29
217
168
31
-15
80
-34
106
-104
-120
-58
-7
8
63
37
(*)
2
-7
29
13
-70
-2
-208
—1
—1
17
-59
-25
-218
15
54
(*)
(*)
16
8
30
-7
(*)
4
-28
13
69
(*)
-1
2
21
47
4
12
35
-84
-87
-219
97
15
-13
A
-20
-82
-2
16
o
__
_ _ _ _ _ _ _
95
(*)
3
24
30
38
5
4
20
-12
33
2
-6
(*)
30
7
-381
-242
-49
-87
12
27
-12
11
-46
-39
-9
-5
3
4
27
23
5
2
-6
3
-64
-87
13
21
-9
-2
34
16
3
9
(*)
6
-22
-16
-4
-8
7
-1
430
178
34
47
113
58
57
9
-24
60
-2
14
_ _
132
2
-1
-4
78
57
168
22
77
-7
74
2
__
_ __
-73
-18
2
-35
-27
77
175
1
10
32
47
85
_ _ _
__
27
-17
(*)
-98
-11
-1
386
19
-4
20
189
162
_ __
-150
-113
-25
-23
-4
15
-72
14
-14
-13
-31
-28
-47
4
-5
-17
-27
25
-16
45
4
-10
2
-43
23
-47
-11
-3
-5
-7
3
-7
-4
-1
2
6
-9
24
-14
(*)
5
419
156
84
95
29
55
-84
-18
-20
-17
o
2
_
_ __ , _ _. _ _ _ _ _ _
343
88
112
17
51
28
16
67
_
__ , .._ _
294
36
26
-1
-12
44
-26
-4
9
65
33
-4
83
-3
3
3
-4
12
-1
7
12
(*)
43
-7
3
16
_ _ _ _
___
_ _ _ _ _ _ _ _ _ _ _ _ _ _
2
3
21
-7
-3
12
4
34
12
5
623
-428
329
174
29
68
58
66
180
_ _ _ _ _ _
-1
43
107
34
-5
-16
52
-31
-18
8
68
-41
106
12
-9
(*)
-25
83
-26
-23
47.
19
66
66
-12
82
9
1,572
75
___ _
_ _ _ _ _ _ _ _
_
_
Short-term (table 1, line 40, with sign reversed)
Seasonally adjusted
Reported by brokerage concerns
Reported by others
Canada
_ _
United Kingdom
Other Western Europe _
Japan
Other countries
— 17
_
_
_
_
_
_
_ _ _ _ _ _ _ _ _ _
-
Of which: Deposits and money market assets
U S -dollar claims reported by major U S corporations
Foreign currency claims
Canada
United Kingdom
Other Western Europe
Japan
Other countries
15
16
17
18
19
20
21
22
— 107
737
36
23
86
174
418
_ _ _
Claims reported by U.S. private residents other than banks:
Long-term (table 1, line 39, with sign reversed) _ _ _ _ _ _ _
Canada
_
United Kingdom
Other Western Europe
Japan
Other countries
IP
— 102
— 127
IV
-85
_
8
9
10
11
12
13
1
III
II
— 123
Canada
_ _ _ _ _ _
United Kingdom
Other Western Europe
Japan
Other countries
_ _ _
7a
B.
232
Seasonally adjusted
2
3
4
5
6
Amounts
utstanding
Mar. 31,
1967
1965
Total
A.
1967
1966
1964
Line
_
_
_
_
_ _ _
_ _ __
_
28
9
320
Q
7
12
-4
-11
-8
-29
-19
12
-4
8
n.a.
26
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
831
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-13
5
-18
-1
210
626
-456
-441
-18
22
-9
-10
253
115
3
64
174
-32
118
87
11
-10
194
181
13
148
36
-16
20
6
-532
-12
-4
-11
-3
162
94
68
-2
128
41
-3
-2
-36
29
-65
-34
33
-16
-21
2
61
81
-20
-23
83
-2
2
5
-32
-502
155
180
-25
-88
225
35
-30
13
-333
-606
-90
-238
-24
-126
-33
-63
-20
-54
-412
-no
2,813
128
2,685
471
658
639
164
753
640
335
92
62
20
131
-115
535
31
230
107
669
-24
Memorandum items:
23
24
U.S. -dollar deposits in Canadian banks:
As reported by major U.S. corporations other than banks (included in line B. 18) _ _
As reported in Canadian banking statistics
p Preliminary.
* Less than $500,000(±).
n.a. Not available.
97
224
SURVEY OF CURRENT BUSINESS
June 1967
35
Table 7.—U.S. Liquid Liabilities to Foreigners
[Millions of dollars]
1960
Line
1961
1962
1963
1964
1966
1965
Total
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Liquid liabilities to all foreigners (table 1, lines 58 and 59; table 3,
lines 8 through 12) _ .
__ __ __ _
1,764
789
2,293
2,629
-377
81
613
472
— 784
456
1,673
1,075
-18 -1,595
—852
54
—598
— 199
—83
14 584
Central banks and governments 1,148
Demand deposits.
_ _ __
_.
_ _ _
\ 204
Time deposits 1
Other private obligations, mainly money market
paper J .
_
_
__ _
400
681
350
456
—127
1,075
1,673
619 / 189
I 369
—52 -1,772
144
-56
—250
46
—983
36
16
— 122
—626
— 100
— 103
—34
— 199
191
— 105
193
13 556
1 290
2 475
111
-165
118
1 479
U.S. Government obligations:
Short-term securities and other obligations.
Payable in U.S. dollars 2
Payable in foreign currencies
___
Bonds and notes, marketable _ ,
Bonds and notes, nonmarketable, convertible
Payable in U.S. dollars-. ..
Payable in foreign currencies _
International Monetary Fund 3
.
__
1,756
644
206
160
46
—100
14
644
887
885
2
114
-229
—211
-18
466
703
150
553
-139
113
223
224
-24
6
-SO
-58
376
-228
370
—38
—227
—S68
-353
-870
-434
-58
—108
50
— 122
151
29
110
111
—1
—20
122
—245
—945
—254
—226
122
-125
-820
6
— 176
-368
517
24
25
26
27
28
29
30
31
140
To international and regional organizations not included
above
586
470
-138
72
865
328
25
303
17
1 028
— 751
9 178
-367
-176
-226
177
131
18
28
1,454
116
2,697
404
316
1,144
833
492
1 062
989 — 1 001
f
903
263 \ 129
222
348
74
-15
483
— 164
88
167
17
181
-49
706
232
128
78
498
264
73
—2
— 518
— 189
-47
3
6 118
1 054
1,866
140
—86
—67
1 854
349
470
24
—239
90
140
385
343
306
212
109
66
91
—54
86
4 358
127
-3
119
122
362 (
1
117
31
291
33
43
323
—61
225
-3
—44
109
23
—4
54
34
5
46
8
— 18
16
-68
43
34
11
1 556
1 853
340
-147
2
—1
—33
-33
—68
3
—97
-47
35
96
15
—5
56
1
20
-16
—2
35
—3
-25
41
^
2
79
530
335
407
212
—235
—243
—291
—525
—38
—355
—24
— 108
—36
869
f
-5
— 113 \ —177
176
-6
-24
—6
13
14
2
0
3
—7
(*)
2
—4
-34
-3
-48
15
—62
-93
123
54
135
295
-61
-152
42
-427
129
-196
24
-44
-8
-64
-59
-93
153
232
-167
61
40
Demand deposits.
.
}•
Time deposits 1
Other private obligations, mainly money market paper *_
143
-6
135
55
185
83
U.S. Government obligations:
Short-term securities. ._
Bonds and notes
83
115
-237
454
278
-334
v Preliminary.
*Less than $500,000 (±).
1
With maturity of 1 year or less; negotiable certificates of deposit with a maturity of 1 year
or2 less are included with money market paper.
Includes changes in Treasury liabilities to certain foreign military agencies during 1960-62.
3
Includes liabilities of U.S. monetary authorities for gold deposited by and held for IMF.
Excludes dollar holdings of IMF except holdings acquired through gold sales to the United
7 119
6 675
'444
644
-26
-32
Demand deposits
Time deposits i_
} 16
Other private obligations, mainly money market paper i_
-38
U.S. Government obligations:
Short-term securities
Bonds and notes
g
— 176
—125
— 51
287
359
—72
5
72
154
Demand deposits
>
841
Time deposits i_
Other private obligations , mainly money market paper i_ . -284
U.S. Government short-term securities.
-417
To other foreign residents and unallocated
—751
817
—5
—367
—389
28 989
34
376
300
16
17
-
40
11
-123
Seasonally adjusted *
23
IP
670
„
15a
21
22
IV
681
_ _ _
To foreign commercial banks
20
III
1,448
T o foreign official agencies
15
18
19
II
I
Amounts
outstanding Mar.
31, 1967
1967
—357
241
16
-253
298
-29
-171
o
—65
-61
-103
-123
A
States with the option to reverse the transactions. These reversible transactions amounted
to 4$200 million in 1956, $300 million in 1959, and $300 million in 1960.
Seasonally adjusted U.S. liquid liabilities to foreign commercial banks for earlier years
were (in millions of dollars): 1960: I, 267; II, 228; III, -15; IV, -340; 1961: I, -213; II, 528;
III, 54; IV, 217; 1962: I, 242; II, -162; III, -248; IV, 30; 1963: 1,165; II, 194; III, -71; IV, 182;
1964: I, 18; II, 236; III, 527; IV, 673; and 1965: I, -85; II, -39; III, 623; IV, -383.
SURVEY OF CURRENT BUSINESS
36
June 1967
Table 8.—U.S. International
[Millions of
Line
United Kingdom
(Credits +; debits -)
Other Western Europe
1960
1962
1963
1964
1965
1966
1960
1961
1062
1963
1964
1965
2,200
2,200
1 Exports of goods and services
Excluding transfers under military grants
2
1961
1,997
1,997
1,955
1,955
2,067
2,067
2,551
2,551
2,650
2,650
2,907
2,907
7,816
6,903
8,074
7,463
8,957
8,331
9,558
8,805
10, 256
9,706
10, 752
10, 214
11,212
10,927
5,638
250
611
651
5,986
520
626
708
6,369
527
753
748
6,981
560
550
826
7,268
475
538
884
7,831
490
285
968
1966
3
4
5
6
Merchandise, adjusted, excluding military
Transfers under military sales contracts. _
Transfers under military grants, net
Transportation
1,451
10
1,188
16
1,151
18
1,247
13
1,606
43
1,628
56
1,754
78
176
190
204
210
230
245
258
5,268
211
913
643
7
8
9
10
Travel
Fees and royalties from direct investments
Other private services
Other U S. Government services
29
51
112
12
30
66
115
13
37
79
106
12
40
98
107
13
58
109
123
16
71
139
131
15
68
151
131
20
59
80
235
41
61
100
240
52
66
143
264
55
71
174
274
56
107
197
273
59
129
242
288
61
142
306
278
71
11
12
13
Income on U.S. investments abroad:
Direct investments 2
Other private assets
U.S. Government assets
217
49
93
239
50
90
211
48
89
199
53
87
281
69
16
270
63
32
250
92
105
171
92
103
240
122
109
309
156
124
308
187
91
378
228
97
498
254
115
475
254
112
-2,030 -1,880 -1,984 -2,060 -2,149 -2,508 -3,020 -6,364 -6,268 -6,946 -7,273 -7,805 -8,674
-10,183
-5,871
-1,375
-1,209
14
_.
_ __
Imports of goods and services
15
16
17
Merchandise, adjusted, excluding military
Military expenditures
Transportation.
_ __
-984
-287
-294
-892 -1,002 -1,072 -1,135 -1,410 -1,776 -3, 190 -3, 153 -3, 532 -3,647 -4, 057 -4, 778
-184
-154
-145
-173
-225
-197
1,351 -1,291 -1,423 -1,327 -1,311 -1,304
-394
-441
-346
-341
-763
-955 -1,007 -1,076
-311
-330
-691
-847
18
19
20
Travel
Private payments for other services
__ _ _ _ _ _ _
U.S. Government payments for other services
-114
-160
-7
-105
-158
-4
-113
-151
-6
-119
-137
-10
-130
-149
-11
-142
-112
-13
-167
-120
-15
-543
-67
-73
-485
-82
-76
-503
-80
-80
-588
-90
-105
-613
-98
-113
-653
-91
-102
-679
-94
-113
21
22
Income on foreign investments in the United States:
Private payments 2
U.S. Government payments
-157
-27
-153
-32
-152
-33
-169
-23
-188
-22
-241
-42
-304
-52
-290
-159
-293
-125
-323
-158
-363
-198
-372
-234
-427
-243
-576
-266
23
24
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and
14)
170
117
-29
7
402
142
-113
1,452
1,806
2,011
2,285
2,451
2,078
1,029
170
117
-29
7
402
142
-113
539
1,195
1,385
1,532
1,901
1,540
744
-28
-28
-29
-29
-42
-42
-39
-39
-41
-41
-48
-48
-54 -1,353 -1,077 -1,085 -1,176
-54
-440
-466
-459
-423
-921
-371
-971
-433
-656
-371
-17
-18
-30
-26
-27
-32
-11
-11
-12
-13
-14
-16
-36
(*)
(*)
-18
-158
-285
-39
-174
94
-167
25
26
Unilateral transfers, net; transfers to foreigners (— ).
Excluding military grants
_
_-
27
28
29
30
Private remittances
__
_ __ _
Military grants of goods and services
Other U S. Government grants
U.S. Government pensions and other transfers . _ _ . _
31
Balance on goods, services, and unilateral transfers (lines
23 and 25, or 24 and 26)
32
Transactions in U.S. private assets, net; increase in assets
(-).
-120
-913
-240
-80
-119
-611
-254
-93
-135
-626
-216
-108
-159
-753
-147
-117
-165
-550
-81
-125
-163
-538
-76
-194
99
729
926
1,109
1,530
142
88
-71
-32
361
1,107
373
-896
-101
-205
-268
-419
-248
-631
-621 -1,045 -1,101 -1,492 -1,886 -1,011
-1,241
-589
-196
-170
-124
-155
-214
-9
-317
-80
-384
-15
-528
-57
30
-181
-697
-195
33
-47
-1,421
(*)
37
156
33
34
35
36
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
1
-52
31
41
49
10
-6
-373
-24
25
-127
37
38
Claims reported by U.S. banks:
Long-term
Short-term
35
-124
4
65
-15
-41
-13
-15
-39
-82
1
100
16
6
-35
-56
-131
-114
-69
-69
-475
-37
-550
-191
107
-59
368
-181
39
40
Claims reported by U.S. residents other than banks:
Long-term
Short-term
_
_ _ _ _ _
1
-220
3
75
3
-13
-6
4
-36
-88
26
12
4
-252
-10
-21
9
-73
-3
-54
-9
-39
-26
-56
4
-31
-83
-117
41
Transactions in U.S. Government assets, excluding official
reverse assets, net; increase in assets (— ).
86
85
77
78
13
26
-60
51
596
590
88
-229
33
187
17
16
6
4
4
16
-141
1
-232
55
-276
26
-287
50
-305
-19
-470
102
-436
120
-419
31
69
69
71
74
9
10
80
197
31
177
669
161
666
135
277
114
25
162
187
165
410
550
306
387
-344
-864
-545
-381
1,168
330
740
631
733
1,498
502
550
306
387
-329
-15
-618
-246
-150
-395
-80
-301
1,168
446
-116
720
20
729
-98
706
27
1,449
49
739
-237
715
649
-745
128
592
443
1,131
230
1,020
801
1,578
-937
1,250
-36
-3
84
-66
-519
-27
23
-101
32
82
281
3
32
264
-3
42
157
3
-60
3
2
24
-149
24
23
85
-18
67
426
5
6
2
9
23
35
115
40
-3
-53
25
51
-12
-69
-11
14
-4
39
(*)
81
104
127
12
4
2
33
(*)
29
(*)
103
-1
-31
2
466
251
323
-64
164
-22
292
-6
151
-47
263
42
43
Foreign currencies and other short-term assets
44
45
Repayments on credits:
Scheduled
Nonscheduled
46
47
48
49
50
_
Transactions in U.S. official reserve assets, net; increase
in assets (— ).
Golds _ _
Convertible currencies
Gold tranche position in IMF
.
(*)
3
Transactions in foreign assets in the United States, net;
increase in foreign assets (U.S. liabilities) (+).
51
52
53
Direct investments 2
U.S. securities other than Treasury issues
Long-term liabilities reported by U.S. banks
31
-48
2
46
-17
20
-34
(*)
44
207
(*)
54
55
Other liabilities reported by U.S. private residents
other than banks:
Long-term
Short-term
(*)
-46
-22
69
-12
-48
(*)
56
57
Liabilities of U.S. Government, excluding marketable
or convertible securities:
Associated with specific transactions
__
Other nonmarketable, nonconvertible, medium-term
securities.
59
U.S. Government marketable or convertible bonds and
notes.
Deposits and money market paper held in the United
States.
60
Errors and omissions and transfers of funds between
foreign areas, net; receipts by foreign areas (— ).
58
1
10
9
(*)
89
16
-65
g
86
139
-205
-124
-13
-66
658
677
559
-618
-126
417
829
1,125
75
662
29
713
-597 -1,027
557
438
317
230
108
Includes transactions with shipping companies operating under the flags of Honduras,
Liberia, and Panama.
2
Excludes undistributed profits of subsidiaries.
-800 -1,174 -1, 162
-15
-117
-26
35
35
23
102
110
-38
1,413
69
-816
1,074 -1,463
1,233
-690
-1,071
-927 -1,630 -1,956 -1,914 -1,561
3 Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
Source: U.S. Department of Commerce, Office of Business Economics.
SUKVEY OF CURRENT BUSINESS
June 19G7
37
Transactions by Area—Continued
dollars]
Canada
Eastern Europe
1962
1961
1960
1963
Latin American Republics
Line
1964
1965
1966
1960
1961
1962
1963
1964
1965
1966
1960
1961
1962
1963
1964
1965
1966
229
229
164
164
155
155
202
202
395
395
174
174
231
231
5,117
5,117
5,232
5,223
5,400
5,400
5,616
5,616
6,720
6,720
7,610
7,610
8,976
8,976
5,316
5,244
5,488
5,360
5,413
5,332
5,478
5,423
6,205
6,140
6,300
6,241
7,023
6,951
1
2
203
140
131
174
356
147
(*)
200
(*)
3,768
35
3,893
26
4,104
18
4,784
34
5,460
60
6,537
39
8
6
3,712
38
9
107
3,526
19
72
233
3,496
17
128
219
3,322
16
81
237
3,263
17
55
264
3,779
17
65
283
3,746
31
59
285
4,180
22
72
337
3
4
5
6
(*)
(*)
(*)
c
(*)
9
(*)
6
98
120
128
139
149
157
12
1
12
1
469
95
59
6
449
111
69
392
127
71
372
134
71
4
448
162
115
6
491
185
124
7
586
215
154
297
91
193
27
335
98
203
32
381
117
180
41
425
124
178
51
467
134
184
59
545
162
180
64
618
164
196
68
7
8
9
10
8
(j
362
225
464
271
476
292
(*)
455
330
634
398
703
431
(*)
766
515
(*)
641
138
79
730
153
77
762
164
112
801
174
126
895
199
123
869
235
124
963
285
118
11
12
13
18
(*)
(*)
11
1
10
(*)
11
1
9
9
9
9
c
-93
-92
-92
-123
-81
-1
-81
-1
-79
-1
-2
-101
g2
-1
-4
-7
-4
(*)
-4
-6
(*)
-4
-206 -4,029 -4,231 -4,692 -4,993 -5,502 -6,166 -7,509 -4,637 -4,291 -4,488 -4,606 -4,726 -4,960 -5,384
14
-99
-1
—7
-138
-1
—7
-177 -2,908 -3,087 -3,498 -3,715 -4, 190 -4,817 -6,043 -3, 619 -3, 298 -3,458 -3, 513 -3, 556 -3, 699 -3,990
-326
-258
-204
-357
-296
-177
-59
-57
-1
-387
-76
-82
-85
-79
-83
c
-120
-135
-145
-148
-157
-176
-109
-143
-120
-132
-178
-159
-192
-208
15
16
17
—7
(*)
-9
(*)
-11
(*) 0
-12
(*)
-8
-380
-26
-4
-425
-33
-3
-479
-50
-5
-522
-58
-11
-550
-76
-15
-600
-91
-14
-678
-101
-21
-465
-208
-61
-492
-203
-65
-531
-160
-73
-556
-142
-84
-569
-148
-106
-638
-110
-119
-697
-114
-133
18
19
20
(*)
(*)
_2
-165
(*)
(*)
(*)
(*)
(*)
(*)
-184
-31
-178
-28
-179
-35
-199
-57
-203
-65
-248
-71
-231
-74
-35
-14
-37
-7
-38
-9
-62
-11
-78
-9
-109
-10
-145
-12
21
22
136
72
63
101
272
9
25
1,088
1,001
708
623
1,218
1,444
1,467
679
1,197
925
872
1,479
1,340
1,639
23
136
72
63
101
272
9
25
1,088
992
708
623
1,218
1,444
1,467
607
1,069
844
817
1,414
1,281
1,567
24
-30
-30
-27
-27
-36
-36
-22
-22
-18
-18
-18
-18
-14
-14
-36
-36
-36
-27
-22
-22
-28
-28
-30
-30
-34
-34
-36
-36
-280
-208
-390
-262
-374
-293
-453
-398
-438
-373
-508
-449
-491
-419
25
26
-24
-21
-27
-11
-10
-8
-9
-4
-4
-3
-5
-5
-4
-2
-7
2
-8
-3
-5
-3
-6
-4
-1
-4
1
-9
1
-5
-1
-32
-28
-23
-24
-27
-29
-31
-89
-72
-106
-13
-95
-128
-151
-16
-100
-81
-176
-17
-134
-55
-244
-20
-115
-65
-236
-22
-115
-59
-309
-25
-108
-72
-282
-29
27
28
29
30
45
27
79
254
-9
11
1,052
419
-4
3
-19
-2
-5
9
106
—1
(*)
-19
-8
(*)
(*)
-3
-1
3
-1
-1
2
1
9
-1
-118
-47
-45
-5
-121
2
-55
8
10
(*)
686
595
1, 188
1,410
1,431
399
807
551
-710
-918
-1,549
-581
-1,490
-537
-453
-219
-451
-221
112
-94
-302
-237
55
-88
-314
-457
83
79
-365
-693
107
37
-253
-700
87
17
-912 -1,087
-709
-922
108
268
147
91
-95
-107
12
(*)
-173
-18
14
-18
32
-102
14
-22
28
-149
2
-133
-30
30
14
-112
17
-87
-19
410
32
49
-123
-180
-15
-135
1
2
-64
8
-370
-7
-94
-12
106
-294
-336
-44
438
-33
112
-34
-10
(*)
2
-5
(*)
965
-837 -1,065
8
-12
—7
15
1,041
832
1,148
31
-166 -1,014
-341
-487
32
-69
-35
18
-1
-141
-201
13
2
-176
-37
10
-4
-162
-49
17
-14
33
34
35
30
46
-70
-127
-98
-126
-469
-47
-68
-61
-191
37
38
-93
-15
-85
-32
148
-2
5
-93
-48
29
(*)
-27
39
40
1
(*)
-1
-31
-38
19
20
7
-2
(*)
1
1
(*)
1
-161
-703
-501
-379
-248
-331
-386
41
-2
-56
<3»
(*)
-52
5
3
7
2
(*)
1
1
(*)
1
-331
-29
-798
-69
-621
-59
-557
-71
-472
-58
-625
73
-691
30
42
43
13
14
14
14
17
177
22
138
26
164
15
215
34
188
94
209
12
258
17
44
45
(*)
-193
1
-6
4
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
13
12
-3
-202
100
109
-175
-32
-56
-17
39
46
-200
_2
109
-175
-32
-56
-17
39
(*)
-3
100
(*)
47
48
49
97
-46
178
232
625
524
481
-32
50
27
-1
10
14
41
195
51
52
53
1
23
54
55
313
637
106
18
-15
(*)
196
-3
-26
43
31
44
14
263
•
-335
26
38
43
47
2
243
3
14
1
-1
35
(*)
5
-22
2
-25
9
48
17
18
126
(*)
-1
-1
53
-15
28
19
-5
-8
-32
9
1
21
-13
54
2
-9
-1
13
(*)
19
1
-20
-2
7
(*)
(*)
(*)
-9
-26
-6
-1
1
224
(*)
-23
(*)
-13
-1
-9
29
104
26
9
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
-2
-3
(*)
— 190
-3
9
(*)
1
(*)
6
-123
56
57
-37
13
-69
422
3
-14
-46
192
-79
-29
-16
-3
11
-6
1
4
-4
13
13
241
317
591
-361
-5
-410
-65
-2
-89
203
615
365
446
-186
59
3
12
14
-33
-211
-18
-52
-418
-211
-420
216
97
-491
163
245
62
112
-467
-247
-624
-282
60
(*)
(*)
-110
3
58
SURVEY OF CURRENT BUSINESS
38
June 1967
TableS.—U.S. International
[Millions of
1
Japan t
Line
1962
1961
1
2
Exports of goods and services
_
Excluding transfers under military grants
3
4
5
6
Merchandise, adjusted, excluding military
Transfers under military sales contracts
Transfers under military grants net
Transportation
7
8
9
10
Travel
Fees and royalties from direct investments
Other private services
Other U.S. Government services
11
12
13
Income on U.S. investments abroad:
Direct investments 2
Other private assets
U.S. Government assets
14
2,289
2,289
2,526
2,526
2,676
2,676
2,961
2,961
1,175
1,175
1,540
1,540
1,763
1,763
1,651
1,651
1,540
24
1,820
25
1,974
16
2,051
31
2,341
24
849
26
1,156
40
1,258
96
1,149
66
118
127
136
142
153
58
73
68
74
13
14
81
7
20
15
88
9
26
18
101
8
27
20
107
11
34
26
98
9
20
36
57
26
47
58
30
59
71
1
33
66
78
1
15
80
12
19
112
15
21
133
31
30
184
33
47
208
32
43
206
27
105
33
2
140
39
1
-1,633
-1,960
-2, 142
-2,410
-3,140
-3,850
-837
-799
-806
-992
-1,054
-385
- 91
-46
-4
-7
-1,358
-378
-108
-50
-6
-7
-1,497
-362
-126
-52
-5
-12
-1,769
-326
-136
-54
-6
-16
-2,427
-346
-154
-60
-7
-15
-2,966
-476
-171
-62
-8
-15
-655
-105
-46
-13
-1
-8
-601
-103
-55
-14
-1
-15
-635
-57
-64
-20
-2
-17
-806
-59
-66
-21
-2
-23
-27
-19
-38
-15
-64
-24
-79
-24
-106
-25
-123
-29
-6
-3
-6
-4
-7
-4
-9
-6
489
489
-17
-17
147
147
116
116
-464
-464
-889
-889
338
338
741
741
957
957
659
659
-27
-27
-28
-28
-32
-32
-29
-29
-30
-30
-32
-32
-14
-14
-11
-11
-13
-13
-17
-17
-21
-21
-25
-21
-22
-22
-11
-8
-9
-13
-2
-4
-1
-6
-7
7
-8
462
-45
115
87
-494
-697
-13
365
-111
-159
-323
-313
-78
-31
-4
6
10
-108
-17
15
-10
-136
-175
-170
-_
_
-
_ __
_ __
- -
--
23
24
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14)
25
26
Unilateral transfers net* transfers to foreigners ( — )
Excluding military grants
Private remittances
-
Other U S Government grants
U.S Government pensions and other transfers
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or
24 and 26).
32
Transactions in U.S. private assets, net; increase in assets (— )
37
38
39
40
Claims reported by U.S. residents other than banks:
Long-term
Short-term
__.
Transactions in U.S. Government assets, excluding official reserve assets,
net; increase in assets (— ).
42
43
Loans and other long-term assets
Foreign currencies and other short-term assets
44
45
-527
-839
-54
-101
4
-23
-68
-164
9
-29
18
(*)
-19
-52
7
7
-4
-670
Claims reported by U.S. banks:
Long-term
Short-term
-51
-212
-155
-431
-136
-482
-15
59
119
266
-30
-25
-57
-33
35
-36
1
-20
-9
9
-23
-56
-53
50
-64
4
-98
3
-93
-21
39
61
Repayments on credits:
Scheduled
Nonsche dule d
Gold s
-3
-3
-4
-4
730
944
642
16
-38
24
-5
29
-12
-43
-3
-97
-17
-127
-17
3
-4
-2
-6
5
-9
-1
-11
4
-22
62
-50
31
14
-11
-39
-18
3
-24
5
-112
-2
(*)
-1
-64
(*)
-56
(*)
65
67
14
64
17
15
50
3
17
(*)
12
1
56
1
8
56
8
3
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+).
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
56
57
Liabilities of U.S. Government, excluding marketable or convertible
securities:
Associated with specific transactions
Other nonmarketable nonconvertible medium-term securities
58
59
U.S. Government marketable or convertible bonds and notes
Deposits and money market paper held in the United States
Errors and omissions and transfers of funds between foreign areas, net;
receipts by foreign areas (-).
291
535
250
200
25
1
-256
-11
1
1
-38
(*)
-1
(*)
3
-28
-4
7
(*)
-5
1
(*)
289
(*)
235
Direct investments 2
U.S. securities other than Treasury issues
Long-term liabilities reported by U S banks
n
32
9
(*)
-297
645
tData for earlier periods have not been separately estimated, but are included in the totals
shown in table 1.
For footnotes see p. 36
137
47
(*)
15
12
-1
Transactions in U S official reserve assets net* increase in assets ( — )
51
52
53
60
98
28
3
324
-10
-921
-29
-61
2
-11
-828
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
(*)
(*)
-1
37
33
34
35
36
50
1966
1,943
1,943
-
Imports of goods and services
Gold tranche position in IMF
1965
13
11
74
7
_
Income on foreign investments in the United States:
Private payments 2
U S Government payments
47
48
49
1964
1963
119
_ _
21
22
46
1966
1965
2,122
2,122
-
Merchandise adjusted excluding military
Military expenditures
Transportation
Travel
Private payments for other services
U.S. Government payments for other services
41
1964
1963
1,767
24
-
15
16
17
18
19
20
27
28
29
30
Australia, New Zealan d, and
South Africaf
(Credits +; debits -)
(*)
-15
(*)
(*)
524
93
527
361
33
2
-149
-24
5
194
(*)
(*)
(
\s
13
3
-5
_2
41
28
5
-32
29
38
6
-1
5
1
4
4
247
(*)
-323
699
-5
-1
1
91
49
2
(*)
(*)
-5
154
26
71
(*)
-315
(*)
-611
(*)
88
-667
(*)
5
-381
SURVEY OF CURRENT BUSINESS
June 1967
39
Transactions, by Area—Continued
dollars]
International organizations and unallocated
Other countries in Asia and Africaf
Other Western Hemisphere f
l
Line
1963
1965
1964
645
645
697
697
372
446
1
(*)
1966
51
57
71
36
13
14
2
155
8
173
191
3
4
5
6
6
85
10
93
11
107
7
8
9
10
27
45
1
69
46
1
28
48
1
11
12
13
7,837
7,197
269
269
281
281
302
302
311
311
334
334
4,215
35
715
393
4,198
95
1,031
369
4,638
128
640
374
13
6
24
13
11
1
136
122
132
153
169
48
94
179
147
13
58
8
64
10
68
8
77
17
46
32
47
19
43
71
32
59
150
100
39
70
151
113
43
95
177
123
1,073
66
151
1,208
87
179
1,241
114
199
1,235
131
223
4
39
(*)
(*)
1
2
7,685
6,654
3,873
20
674
369
(*)
1966
386
386
7,205
6,490
148
24
126
21
116
12
(*)
1965
1964
1963
6,567
5,893
44
12
14
1
(*)
(*)
44
12
9
2
(*)
1962
1961
538
488
35
12
11
1
1960
1966
852
852
773
773
(*)
1965
1964
1963
392
392
(*)
(*)
(*)
(*)
-801
-896
-977
-1,057
-3,148
-3,531
-4,081
-4,966
-527
-592
-615
-612
-696
-726
-770
14
-518
-90
-21
-152
-7
-3
-593
-93
-26
-160
-8
-3
-654
-79
-28
-190
-9
-4
-689
-68
-71
-203
-8
-5
-2,224
-492
-141
-105
-4
-134
-2,532
-514
-152
-112
-5
-152
-2, 796
-719
-171
-124
-5
-180
-3,052
-1,281
-165
-138
-7
-197
-34
-38
-69
-355
(
-89
(*)
-415
-118
-1
-440
-140
-376
-58
(*)
-386
-418
-57
-136
(*)
-100
(*)
-73
(*)
-98
(*)
-70
-104
15
16
17
18
19
20
-13
-13
(*)
-12
-1
-35
-13
-48
-16
-65
-21
-94
-32
2
-58
2
-61
-1
-70
-16
-71
-16
-78
-25
-72
-31
-77
21
22
-10
(*)
(*)
2as3
-156
-156
-199
-199
-204
-204
-205
-205
3,419
2,745
3,674
2,959
3,604
2,573
2,871
2,231
-258
-258
-311
-311
-313
-313
-301
-301
-362
-362
-334
-334
-384
-384
23
24
-29
-29
-32
-32
-45
-45
-25
-25
-2,351
-1,677
-2,447
-1,732
-2, 694
-1,663
-2,523
-1,883
-116
-116
-112
-112
-156
-156
-146
-146
-145
-145
-91
-91
-74
-74
25
26
-19
-23
-20
-12
-281
-640
-1,513
-89
-4
-3
-3
-3
-9
-4
-281
-1,031
-1,299
-83
_2
22
-3
-242
-715
-1,415
-75
-2
-7
_2
-236
-674
-1,368
-73
-2
-8
o
-114
-110
-154
-142
-141
-1
-88
(*)
-71
(*)
27
28
29
30
-185
-231
-230
1,068
1,227
910
348
-374
-423
-469
-447
-507
-425
-458
31
-172
-196
-58
-120
-401
-568
-999
-375
-130
13
-240
-70
-52
-164
151
32
-167
-1
1
-1
-125
-7
1
-11
-95
-248
-68
10
7
-236
-116
6
15
-550
-134
16
5
-245
-120
23
24
-12
-97
19
-40
-8
-12
18
15
-74
-84
16
-98
-27
1
-9
-114
-20
2
16
-78
-4
18
11
-12
-179
29
-2
152
-80
28
51
33
34
35
36
8
-12
-21
-29
27
14
11
-6
-16
-56
-45
-175
-197
-102
-14
-25
-1
1
-1
-3
-1
5
1
-10
1
-31
3
-20
-15
-22
-8
-10
-6
-3
-4
-4
-1,316
-1,195
-1,373
-1,205
-79
-73
-121
-77
-39
-3
-5
-1, 148
-292
-1,332
-39
-1,339
-202
-1,076
-329
-74
-7
-62
-14
-121
_2
-78
-3
-63
19
124
173
3
163
5
199
1
2
3
2
4
5
5
24
4
32
49
176
684
99
355
249
500
46
5
24
4
32
-37
-6
-249
(*)
(*)
-5
-1
(*)
(*)
2
(*)
1
12
-55
(*)
(*)
(*)
-248
(*)
(*)
(*)
(*)
(*)
(*)
(*)
1
(*)
(*)
37
38
(*)
(*)
39
40
4
5
41
42
43
(*)
5
4
44
45
27
59
-7
31
249
449
1
6
2
-15
2
-12
28
3
26
-5
2
20
9
-2
9
3
8
1
24
2
20
11
5
5
-1
28
-1
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(
*'-3
(*)
3
(*)
(*)
(*)
-266
-113
58
69
89
442
49
343
-135
626
30
266
-94
537
47
48
49
-209
-68
-85
50
21
208
251
124
51
52
53
461
(*)
955
591
343
227
-56
23
-1
1
18
413
13
12
16
22
1
(*)
-13
(*)
(*)
(*)
(*)
(*)
(*)
(*)
18
1
54
55
81
58
58
36
56
45
-97
-116
56
57
(*)
20
1
67
2
-24
-3
7
1
193
10
400
-2
392
-1
456
224
296
340
-67
-442
617
331
-466
-308
35
-149
-51
-429
85
58
59
336
371
318
318
376
83
969
228
-184
388
-81
551
452
404
-113
60
SURVEY OF CURRENT BUSINESS
40
June 11)07
TableS.—U.S. International
[Millions of dollars]
United Kingdom
(Credits +; debits -)
Line
1966
I
Travel
Fees and royalties from direct investments
Other private services
Other U.S. Government services
11
12
13
_ _
_
_
_______
_
IV
IP
668
668
678
678
805
805
741
741
p2,819
2,765
p2,970
2,846
"2,600
2,548
p2,823
2,768
2,909
2,721
468
12
(*)
57
417
8
(*)
67
422
30
70
447
28
(*)
64
443
54
(*)
61
2,063
125
*>54
218
2,006
170
P124
245
1,789
78
P52
257
1,973
117
p55
248
1,931
197
188
230
20
37
31
6
24
39
34
3
12
43
33
7
11
30
30
6
24
63
72
16
41
74
70
18
46
81
64
17
31
88
72
20
27
67
70
17
53
24
5
31
22
3
51
26
94
71
25
10
99
60
25
125
65
32
120
62
34
131
67
21
97
63
22
-739
-804
-838
-709
-2,297
-2,557
-2,709
-2,620
-2,528
-379
-45
-94
-421
-33
-125
-458
-32
-124
-518
-35
-98
-426
-44
-97
-1, 379
-359
-249
-1, 409
-343
-352
-1,463
-344
-340
-1, 620
-329
-268
— 1, 579
-354
-262
-14
-30
-4
-53
-30
-4
-74
-30
-3
— 23
-30
-4
-26
-34
-4
-73
-24
-26
-212
-24
-30
-292
-22
-29
-102
-24
-28
-79
-24
-26
_ _ __
-57
-16
-59
-14
-71
-12
-117
-10
-75
-13
-127
-60
-124
-63
-152
-67
-173
-76
-143
-61
_ _ __
117
117
-71
-71
-126
-126
-33
-33
32
32
P522
468
p413
289
v -109
-161
P203
148
381
193
-12
-12
-16
-16
-15
-15
-11
-11
p -138
-84
p -210
-86
v -167
-115
p -141
-86
-273
-85
-11
-7
(*)
-4
-5
-4
-34
p -54
-16
-34
-40
p -124
-12
-34
-40
p -52
(*)
-5
-10
(*)
-4
Travel
__
___ _ - _
Private payments for other services
U S Government payments for other services
21
22
Income on foreign investments in the United States:
Private payments 2 _ _ - _ _
_
_
U S. Government payments.
_ _ _ _ __
-70
-44
p -55
-6
-36
-40
-188
-8
-37
106
-83
-142
-48
21
384
203
-276
62
108
-143
-414
-109
-575
-106
-186
-430
-198
-607
-303
____
_ __
23
24
Balance on goods and services (lines 1 and 14). _
_ __ _
Excluding transfers under military grants (lines 2 and 14)
25
26
Unilateral transfers net; transfers to foreigners ( — )
Excluding military grants
27
28
29
30
Private remittances
Military grants of goods and services
Other U S Government grants
U S Government pensions and other transfers
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24
and 26).
32
Transactions in U S private assets, net; increase in assets (— )
33
34
35
36
37
38
Claims reported by U.S. banks:
Long-term
Short-term
39
40
Claims reported by U.S. residents other than banks:
Long-term
Short-term.
_ _ _ _ _ _ _ _
__
_
-208
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
__
-39
14
-12
—2
22
5
25
10
65
7
44
15
22
16
6
20
—2
-39
12
19
6
6
1
-20
98
14
35
-72
119
-62
116
-61
80
138
4
(*)
-51
3
-106
-3
23
-12
-87
-43
21
—7
-12
-21
-82
34
-82
-29
49
-53
-68
-76
184
147
-26
-87
-1
-30
1
-24
^
_ _ _ _ _
-_
Loans and other long-term assets
Foreign currencies and other short-term assets
44
45
-139
-5
2
(*)
__
_
-166
-114
-70
-59
(*)
-114
9
-129
-1
-88
8
-88
15
-78
24
74
6
36
1
53
1
48
216
28
192
28
-6
_
-154
-155
-67
— 10
-108
Transactors in U.S. Government assets, excluding official reserve assets,
net; increase in assets (— ).
42
43
(*)
(*)
31
-118
Repayments on credits:
Scheduled
Nonschedulcd
50
III
-8
18
19
20
6
Transactiors in U.S. official reserve assets, net; increase in assets (— )
Gold 3
_-.
.
Convertible currencies
Gold tranche position in IM^F "
II
-11
-11
Merchandise, adjusted, excluding military. _ _ _
Military expenditures
Transportation
46
I
-639
Imports of goods and services
15
16
17
47
48
49
IP
IV
1967
12
32
33
4
_
Income on U.S. investments abroad:
Direct investments 2
Other private assets
U S. Government assets _
._
41
III
1966
115
20
3
Merchandise, adjusted, excluding military
Transfers under military sales contracts
Transfers under military grants, net
Transportation
._ _
______ _ _ _ _ _
7
8
9
10
14
II
1967
756
756
1 Exports of goods and services
2
Excluding transfers under military grants
3
4
5
G
Other Western Europe
365
19
346
-__
Transactiors in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+).
(*)
A
-166
-612
32
757
28
223
377
-126
260
-173
-126
-486
20
12
-3
760
155
-127
213
10
299
78
72
-198
18
242
-718
857
573
538
-262
18
99
14
288
(*)
3(
40
58
6<
12
5
61
22
51
65
15
22
26
26
-53
-73
-24
12
22
186
53
115
(*)
475
4
373
279
98
(*)
-61
1
6
-46
62
34
-19
1
-17
25
-30
-9
-23
_2
23
61
35
10
66
29
51
52
53
Direct investments 2
.
... _ . _ _
U S securities other than Treasury issues
Long-term liabilities reported by U S banks
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
_
..
21
56
57
Liabilities of U.S. Government, excluding marketable or convertible
securities:
Associated with specific transactions
Other nonmarketable nonconvertible medium-term securities
13
46
36
8
17
58
59
U.S. Government marketable or convertible bonds and notes
Deposits and money market paper held in the United States
_ _ ___
11
487
-81
-262
489
51
230
4
16
-372
-448
-167
753
— 225
703
-52
225
72
-612
Errors and omissions, and transfers of funds between foreign areas, net
receipts by foreign' areas (— ).
-740
482
564
-657
517
-793
-749
-46
26
CO
For footnotes see p. 36.
___ _
(*)
-198
(*)
SURVEY OF CURRENT BUSINESS
June 19G7
41
Transactions, by Area—Continued
[Millions of dollars]
Canada
Eastern Europe
1966
I
II
1967
III
1966
1967
II
I
IP
IV
Japan
Latin American Republics and other
Western Hemisphere
III
IV
1966
IP
1967
I
II
III
1966
IP
IV
I
II
1967
III
Line
IP
IV
64
64
52
52
48
48
67
67
79
79
2,009
2,009
2,362
2,362
2,145
2,145
2,460
2,460
2,252
2,252
pl,796
1,783
*>1,979
1,952
Pl,960
1,943
^2,140
2,125
1,934
1,914
676
676
720
720
730
730
835
835
802
802
1
2
57
46
36
61
73
1,488
12
1,775
13
1,536
8
1,738
6
1,710
17
2
1
34
41
41
41
35
1,175
6
P! 7
112
1,276
7
Pl5
105
1,158
5
20
98
525
6
(*)
35
40
582
1
(*)
40
675
6
(*)
38
648
5
(*)
38
3
1
1,148
4
p27
102
559
11
1
1,119
5
*13
89
3
125
43
38
1
164
44
39
2
194
64
38
2
103
64
39
2
127
44
37
1
136
41
50
17
171
42
51
17
187
44
54
16
168
49
55
19
158
43
49
20
7
6
25
1
9
7
25
3
10
6
24
2
8
7
24
3
9
6
24
2
7
8
9
10
156
112
146
138
141
121
(*)
323
144
(*)
155
126
(*)
235
67
24
300
79
38
255
74
20
321
89
36
273
84
26
9
53
9
8
51
7
9
51
5
17
51
6
9
52
9
11
12
13
-2,024
-1,859
-1,644
-1,574
-1,620
-1,603
-1,698
-834
-938 -1,069 -1,009
-927
14
-724
-113
-40
-841
-121
-44
-757
-143
-45
-703
-126
-45
15
16
17
(*)
2
(*)
(*)
3
(*)
3
(*)
(*)
(*)
3
1
1
1
1
1
1
6
-45
-48
-40
(*)
-2
-43
(*)
-2
-1
(*)
2
(*)
(*)
(*)
3
(*)
(*)
4
5
6
1
1
1
-59
-54
-58
-1,564
-1,852
-2,069
-47
(*)
-2
-47
-1
-2
-53
(*)
-2
-1,319
-44
-33
-1,514
-54
-40
-1, 505
-51
-42
-1,705
-55
-42
-1,595
-59
-34
-1, 205
-41
-64
-1,137
-40
-72
-1,150
-36
-75
-1,187
-36
-68
-1, 248
-36
-66
-644
-99
-42
-1
(*)
-2
-8
(*)
_2
_2
(*)
_2
-1
(*)
-60
-26
-5
-146
-24
-5
-365
-25
-7
-107
-26
-4
-64
-25
-4
-237
-24
-33
-225
-27
-31
-239
-38
-39
-199
-33
-35
-246
-24
-31
-8
2
-3
-18
-4
-18
2
-4
-18
-2
-4
-10
2
-4
18
19
20
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
-58
-19
-50
-19
-55
-19
-68
-17
-61
-17
-35
-5
-38
-4
-41
2
-43
-2
-44
-3
-28
-8
-30
-32
-33
-30
—7
21
22
(*)
19
19
4
4
-11
-11
13
13
21
21
445
445
510
510
76
76
436
436
393
393
p 152
139
*405
378
?340
323
P537
522
236
216
-158
-158
-218
-218
-339
-339
-174
-174
-125
-125
23
24
-3
-3
-5
-5
o
-3
-3
-3
-9
-9
-9
-9
-8
-10
-10
-9
-9
P -127
-114
* -151
-124
p -119
-102
» -119
-104
-141
-121
-7
-7
-9
-9
-8
-8
-8
-8
-8
-8
25
2(5
_2
(*)"
(*)
-3
i
-1
-3
-3
2
_2
_2
-1
_2
_2
-1
(*)
-1
(*)
-1
-7
-8
-8
-8
-30
P -27
-86
-8
-28
P -17
-66
-8
-34
P -15
-62
-8
-30
-20
-81
-10
-5
(*)
(*) 9
_
(*)
-3
(*)
o
(*)
-2
-6
(*)
-8
-28
p -13
-77
-9
-6
(*)
-1
-2
27
28
29
30
16
-1
-14
10
18
436
501
68
426
384
25
254
221
418
95
-165
-227
-347
-182
-133
31
-2
13
-2
-7
-522
0
(*)
-6
-5
1
-2
(*)
-1
2
(*)
-3
6
2
(*)
1
(*)
4
3
(*)
11
-482
307
71
-171
-156
-351
-18
100
254
29
-40
32
-306
-131
50
90
-397
131
35
39
-105
256
50
11
-48
18
9
1
"-80
-14
1
-7
-68
-28
2
13
-80
-9
7
-5
-44
-38
5
3
-8
-4
6
-31
1
3
1
1
-25
-4
4
4
2
1
-1
33
34
35
36
17
22
18
4
-9
87
6
-64
1
-8
31
94
-41
-22
-82
-40
-187
27
-53
11
-15
27
50
32
246
49
-15
39
-38
37
38
-12
7
-16
41
o
32
-12
12
-3
5
-7
-1
9
-2
2
-39
-1
15
1
-11
7
18
-12
9
7
-20
12
2
39
40
-2
3
-1
1
-1
-73
-96
-143
-78
-130
4
-4
-7
-43
-24
41
1
fl
-2
3
-1
1
-1
-156
10
-182
18
-207
(*)
-151
2
-207
15
-18
-2
-15
3
-28
0
-51
(*)
-47
—2
42
43
1
11
4
71
2
63
5
54
10
71
62
24
8
24
8
25
44
45
-97
9
-17
-50
-68
-50
(*)
-50
-18
13
5
-149
-7
-39
292
35
32
9
(*)
41
100
-131
48
57
63
13
5
1
4
36
3
56
16
1
4
36
3
56
47
48
49
-165
49
32
-133
51
196
7
39
7
13
43
-14
25
125
_2
15
-9
26
14
31
-9
15
29
(*)
_2
18
7
-4
-5
-107
-16
-2
(*)
(*)
(*)
-5
-16
-1
-4
26
1
(*)
(*)
(*)
1
2
(*)
(*)
9
-100
3
-6
-86
2
(*)
1
-4
-3
-194
-184
-235
98
12
-3
32
g
1
-4
14
-292
-200
-425
85
-50
8
-19
(*)
-11
4
21
20
2
4
8
26
1
3
-6
—1
-2
-26
-12
-14
(*)
(*)
(*)
(*)
2
-62
Q
1
(*)
-26
-101
40
3
50
-10
1
48
-8
2
63
2
1
83
8
1
162
51
52
53
(*)
-4
4
4
4
-2
2
56
57
(*)
3
54
55
9
-17
7
-266
3
-137
6
20
-126
318
4
-237
2
-6
—2
-100
-1
-141
1
68
-17
191
(*)
-48
(*)
-69
(*)
-158
(*)
-48
(*)
-173
58
59
-19
-3
334
-155
234
-250
84
-73
-23
175
-43
-75
185
157
201
156
194
60
(*)
Table 8.—U.S. International Transactions, by Area—Continued
Australia, New Zealand, and South Africa
Line
(Credits-)-; debits-)
1966
I
1
2
3
4
5
6
I
I
IV
II
International organizations and
unallocated *
1967
III
IV
1966
IP
I
P2.039
1,938
Merchandise, adjusted, excluding military.-- Transfers under military sales contracts
_
Transfers under military grants, net
Transportation
1,127
32
P125
98
1,294
21
plOl
94
1,287
32
136
95
13
22
44
39
17
20
44
35
10
28
46
40
Travel
Fees and royalties from direct investments
Other private services
Other U S. Government services
11
12
13
Income on U.S. investments abroad:
Direct investments 2
Other private assets
U S Government assets
300
29
57
302
36
51
307
34
64
Imports of goods and services
II
2,145
2,009
369
369
401
401
430
430
451
451
456
456
p 1,930
1,722
275
4
271
13
301
23
302
26
338
17
17
19
20
18
20
1,078
34
p208
91
1,139
41
P206
91
5
18
20
1
10
14
20
(*)
11
16
18
(*)
7
18
20
(*)
6
18
18
(*)
8
24
45
33
20
9
(*)
41
13
(*)
31
10
(*)
45
15
(*)
27
12
(*)
326
32
51
-217
Exports of goods and services
Excluding transfers under military grants
7
8
9
10
14
1966
1967
III
II
Other countries in Asia and Africa
-266
-270
-239
-240
-145 -1,238 -1,327 -1,256 -1,363
-172
-13
-16
-216
-18
-17
-228
-14
-16
-190
-14
-17
-194
-9
-17
-747
-260
-39
-765
-310
-40
-807
-355
-44
-733
-356
-42
-795
-413
-38
-4
(*) A
-6
-1
-8
-1
-24
2
47
-42
-2
51
-37
-2
40
-35
-1
-26
-2
* 1,981 p 1,887
1,775
1,762
95
95
III
95
95
(*)
(*)
1967
IV
96
96
I
100
100
96
96
(*)
45
49
49
48
46
9
24
44
37
2
27
3
27
2
26
4
27
2
27
390
38
53
4
16
1
7
9
4
15
13
8
3
17
1
-176
-176
-221
-197
-184
-34
-42
-29
-35
-32
-100
-105
-104
-109
105
-3
-59
-25
-21
15
16
17
Merchandise, adjusted, excluding military
Military expenditures
Transportation
_
-
18
19
20
Travel
_ __ _
Private payments for other services
U.S. Government payments for other services
-7
(*)
-4
-1
21
22
Income on foreign investments in the United
States:
Private payments 2
U.S. Government payments .
_. __
2
i
-2
-2
-3
-1
-2
2
-3
-t
-20
-6
-21
-7
-25
-9
-28
-10
-28
-10
-7
-18
-8
-18
-8
-21
-8
-20
-8
-18
rj
C1
23
24
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines
2 and 14).
152
152
135
135
160
160
212
212
216
216
P785
577
p 743
537
P560
435
P783
682
782
646
-81
-81
-81
-81
-125
-125
-97
-97
-88
-88
25
26
Unilateral transfers, net; transfers to foreigners (— )_
Excluding military grants
-5
-5
-4
-4
-5
-5
-3
-3
-4
-4
p-803
-595
p-711
-505
p-504
-379
p-505
-404
-589
-453
-20
-20
-18
-18
-20
-20
-16
-16
-24
-24
27
28
29
30
Private remittances
Military grants of goods and services
Other U S Government grants
U.S. Government pensions and other transfers —
-4
-3
-4
-2
-3
-74
p-206
-409
-22
-63
p-125
-294
-22
-72
p-101
-309
-23
-68
-136
-355
-30
(*)
(*)
(*)
-20
(*)
-18
(*)
-20
-13
-24
(*)
31
Balance on goods, services, and unilateral transfers
(lines 23 and 25, or 24 and 26) .
-101
-99
-145
-113
-112
32
Transactions in U.S. private assets, net ; increase in
assets (— )
33
34
35
36
Direct investments 2
Foreign securities newly issued in the United
States
Re demptions
Other transactions in foreign securities
37
38
Claims reported by U.S. banks:
Long-term
Short-term
39
40
41
i
-1
-1
-1
-72
p-208
-501
-22
147
131
155
209
212
-18
32
56
278
193
-89
-103
-27
-94
-99
9
-282
-51
-51
-391
20
47
-45
129
2
-45
-71
(*)
-54
-73
1
-266
-19
39
-365
-10
28
-7
141
-5
3
-8
4
Q
3
2
14
4
4
-6
-23
8
3
-46
4
26
-16
4
-5
-35
7
(*)
-24
6
-1
7
23
5
14
-62
5
19
-18
11
-5
-14
18
3
-32
-8
-33
(*)
-29
9
-33
-18
-31
7
1
20
-2
18
-19
-2
6
-61
43
-42
(*)
(*)
(*)
(*)
(*)
(*)
Claims reported by U.S. residents other than
banks:
Long-term
Short-term
-1
2
5
-1
-11
1
-8
-3
2
-1
-15
-4
10
-4
-4
(*)
(*)
(*)
(*)
Transactions in U.S. Government assets, excluding
official reserve assets, net ; increase in assets (— )._
2
-2
-23
-16
-34
-173
-339
-299
-394
-399
-3
(*)
-26
(*)
-27
(*)
-36
1
-292
72
275
-112
-206
-136
-303
-153
-859
394
1
3
11
1
47
(*)
47
1
43
62
66
42
43
Foreign currencies and other short-term assets
44
45
(*)
Repayments on credits:
S che dule d
Nonscheduled
46
47
48
49
50
2
Transactions in U.S. official reserve assets, net; increase in assets ( — )
Golds
Convertible currencies
Gold tranche position in IMF
Transactions in foreign assets in the United States,
net; increase in foreign assets (U.S. liabilities) (+)_
2
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
-17
2
2
3
11
13
-9
21
37
46
336
81
11
13
-9
21
-97
24
1
35
15
134
37
(*)
C)
2
-1
9
Liabilities of U.S. Government, excluding marketable or convertible securities:
Associated with specific transactions
Other nonmarketable, nonconvertible, mediumterm securities
59
U.S. Government marketable or convertible
bonds and notes _
_ _
Deposits and money market paper held in the
United States
60
Errors and omissions andtransfers of funds between
foreign areas, net; receipts by foreign areas (—)---
For footnotes see p. 36.
http://fraser.stlouisfed.org/
42
Federal Reserve Bank of St. Louis
-15
34
22
335
46
-31
181
118
-97
-1
-105
-22
74
4
142
94
28
13
7
13
3
Direct investments
U.S. securities other than Treasury issues
Long-term liabilities reported by U.S. banks
58
(*)
(*)
2
3
(*)
34
51
52
53
56
57
(*)
(*)
-3
8
24
(*)
(*)
22
(*)
(*)
9
3
2
(*)
15
31
-1
(*)
(*)
-1
14
1
(*)
4
18
3
178
(*)
15
5
(*)
12
18
339
262
(*)
10
103
-1
-3
28
277
-2
16
149
-1
-2
3
-13
-2
2
5
-14
19
22
22
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
176
2
A
-16
(*)
30
(*)
(*)
(*)
(*)
-56
(*)
-29
-31
-37
-196
-124
-44
-65
-77
1
292
-209
31
-29
62
395
-77
103
-147
8
163
26
(*)
(*)
-1
(*)
29
11
-42
7
-1
136
207
230
-117
-97
-50
-113
-121
-97
-30
239
19
(*)
(*)
SURVEY OF CURRENT BUSINESS
June 1967
43
Table 9.—Changes in Reported Foreign Gold Reserves and Liquid Dollar Holdings Through Known Transactions With the United States
and Through Other Transactions, by Area 1
[Millions of dollars]
1966
1967
Line
Total
III
IV
All areas:
1,314
1,217
97
104
13
91
156
107
49
634
666
-32
420
431
-11
176
211
-35
849
495
354
-133
-152
19
294
246
48
302
285
17
386
116
270
484
-134
618
294
647
-353
615
123
492
-254
230
-484
179
-539
293
115
178
n.a.
120
n.a.
-5
-21
16
1
3
-2
9
-11
19
-10
19
-17
-20
3
-282
-214
-68
-321
-22
-299
-196
-339
143
-7
192
-199
242
-45
287
-190
-144
-46
-247
-99
-148
-47
-76
29
-114
-121
7
-131
-322
432
-754
193
-241
-68
88
-156
-158
43
-201
108
-156
-173
21
-194
218
-376
594
124
-68
192
130
-39
169
-15
-155
140
-21
-114
93
-94
-98
4
379
732
-353
Total increase
Through known transactions with the United States.
Through other transactions
85
140
-55
216
457
-241
230
261
-31
-152
-126
-26
42
417
-375
449
-107
-226
119
405
147
258
-41
-40
-1
-46
100
-146
Western Europe, including United Kingdom:
Total increase
Through known transaction with the United States
Through other transactions
United Kingdom:
Total increase
Through known transactions with the United States _
Through other transactions
Eastern Europe:
Total increase
Through known transactions with the United States
Through other transactions
Canada:
Total increase
Through known transactions with the United States
Through other transactions
Latin American Republics and other Western Hemisphere:
Total increase
Through known transactions with the United States
Through other transactions
170
99
71
69
-200
Japan:
Total increase
Through known transactions with the United States
Through other transactions
Australia, New Zealand, and South Africa:
T otal increase
Through known transactions with the United States
Through other transactions
Other countries in Asia and Africa:
Total increase
Through known trans' ; ons with the United States
Through other transactions
International organizations and unallocated:
Total increase
Through known transactions with the United States
Through other transactions
2
706
-97
22
427
v Preliminary.
n.a. Not available.
Changes through other transactions equals "Total increase" less "Changes through known
1
Total increase represents changes in reported gold reserves of foreign central banks and
transactions with the United States." For "All areas" this difference represents known
governments (including international organizations but excluding the countries of the Soviet
acquisitions (+) or sales (—) of gold by foreign central banks and governments outside the
bloc) net of convertible currencies included in U.S. official reserve assets (table 1. line 48) plus
United States. The net acquisitions of gold equal the excess of new gold production abroad
foreign liquid claims on the United States (table 1, lines 58 and 59) plus net changes in foreign
plus sales by the Soviet bloc less net gold purchases by others. For each of the separate areas
IMF positions through U.S. dollar transactions (table 1, line 49).
shown the difference reflects net gold and dollar receipts (+) or payments (—) resulting from
Changes through known transactions with the United States represents for each of the separate
their transactions with countries other than the United States, net of changes in their convertiareas shown the sum (with sign reversed) of table 1, lines 23, 25, 32, 41, and 51-57. For "All
ble currencies included in U.S. official reserve assets resulting from U.S. transactions with
areas" line 60 is added, and for "All areas" and "International organizations and unallocated"
other areas, and from unrecorded transactions with the United States.
2
line 23 is adjusted to exclude net sales or net purchases (—) of gold by U.S. private residents
Includes transactions with shipping companies operating under the flag of Honduras,
to the U.S. monetary gold stock. These were (in millions of dollars): 1966, year, —140; I, —34; Liberia, and Panama.
II, —42; III, —29; IV, —35; 1967, 1—32.
Source: U.S. Department of Commerce, Office of Business Economics.
SUEVEY OF CURRENT BUSINESS
44
(Text continued from page 21}
rise projected for 1967 investments may
be financed without an increase in the
outflow of U.S. capital. This is in line
with the estimates submitted to the
Secretary of Commerce by corporations
cooperating in the voluntary program
to improve the balance of payments.
On the basis of these considerations it
would appear that the seasonally adjusted first quarter rate of net capital
outflows for direct investments may
have been temporarily depressed.
Summary
The effects of temporary factors on
goods and services transactions and
Government grants and capital transactions, on balance, may have canceled
out in the first quarter. However, the
first quarter bulge in net capital outflows through security transactions was
probably more than compensated for
June 1967
by the delay in the resumption of net
new lending by banks, and by the
temporary dip in the net outflow of
corporate funds for direct investments.
equal changes in both receipts and payments and in a slightly different distribution of these totals between transactions included in the travel account
and those attributed to Mexican migratory workers. Transactions with the
Technical Note
latter are combined with other private
THE. balance of payments tables pub- services transactions (lines 9 and 19).
lished in this issue have been revised These revisions are described in greater
to incorporate new information. Major detail in a special article on international
revisions have been made in the fol- travel expenditures on page 17 ff.
lowing transactions series (the line
Line 21—Income on foreign investnumbers refer to tables 1, 2, and 8): ments in the United States: Private
Lines 7 and 18-—International Travel. Payments.
The estimates of transactions along
The estimate was raised to include
the Mexican border were revised mainly interest payments by U.S. banks on deto include expenditures in Mexican posit liabilities to their foreign branches.
currency by Mexicans in the United This revision was over $200 million for
States. This raised U.S. receipts in 1966, but was less for earlier years.
1966 by about $120 million and by Seasonal adjustments were revised
smaller amounts in earlier years. Other by extending through 1966 the period
revisions of the estimates of transactions for which seasonal variations are comalong the Mexican border resulted in puted.
U.S. Residents Spent $4 Billion on Foreign Travel Last Year
(Continued from page 16)
the cooperation of the Federal Reserve
System and its correspondent banks.
Line 9. Total U.S. receipts from Mexican visitors in the U.S. border zone
equals line 7 plus 8. Certain minor
adjustments are also made at this time,
such as the adjustment for American
citizens living and working in Mexico
but visiting the United States.
Methods of estimating interior travel
expenditures on both sides remain essentially unchanged. However, on the payments side, revisions have been made in
the basic "traffic" figures to interior
Mexico in the light of information provided by the Mexican Government.
The result of the revisions is to raise our
estimates of U.S. travel outlays in
interior Mexico somewhat.
It may be noted that, through the
Federal Reserve System, U.S. banks in
the border zone have for many years
reported their receipts of dollar currency from correspondent banks on the
Mexican side of the border. These
figures represent the total net payments
of U.S. currency in the border zone of
Mexico. They are equal to the difference
between dollar receipts and dollar sales
of Mexican banks in the border zone, as
reported to the Mexican Government
(line 1 minus 5).
U.S. GOVERNMENT PRINTING OFFICE : 1967 O - 263-760
CURRENT BUSINESS STATISTICS
JLHE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,
monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly
SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1964
I
Annual total
II
1966
1965
III
IV
I
II
III
IV
I
II
1967
III
I
IV
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
631.7
681 2
739.6
616 8
627 7
637 9
644 2
660 8
672 9
686 5
704 4
721 2
732 3
745 3
759 3
763.7
401.4
431.5
464.9
391.1
398.0
407.5
408.8
418.9
426.8
435.0
445.2
455.6
460 1
469.9
474.1
479.9
59.4
25 8
25.1
66.1
29 8
27.1
69.3
30 0
30.1
57 6
25 3
24 1
59.8
26 0
25 4
61.1
27 1
25 3
58.9
24 6
25 7
65.1
30 1
26 0
64.4
29 2
26 2
66.7
30 2
27 3
68.0
29 9
28 8
70 3
31 4
29 6
67 1
28 5
29 2
70.2
30 1
30 7
69 6
29 8
30 7
68.4
27 9
31.1
do
do
__do_ __
do
Gross national product totalf
178.9
33.6
92.8
14 1
190 6
35.9
98.4
15 1
206.2
40.3
104.8
16 1
174
32
90
13
9
8
7
9
176 5
32 7
92.1
13 9
181 7
34 3
93.9
14 2
182 4
34.4
94.4
14 4
184 5
34 6
95.4
14 4
189 4
35 6
97.8
15 2
191 4
36.0
98.7
15 3
197 0
37.5
101.6
15 7
201 9
39 4
103.3
15 8
205
39
104
16
6
7
8
1
208.1
41.1
105.5
16 1
209
40
105
16
2
8
4
6
212.5
41.6
106.9
17 0
do
-do
do. __
do
163.1
24.3
59.2
11 8
174.8
25 6
63.2
12 8
189.4
27.2
67.7
14 0
158
23
57
11
7
8
7
7
161.6
24 2
58.7
11 7
164.7
24 7
59.6
11 9
167.5
24 7
60.7
12 1
169.3
24 7
61 6
12 2
173.0
25 4
62 7
12 7
176.9
26 0
63.6
13 0
180.2
26 3
64.7
13 4
183.4
26 5
66.0
13 5
187
27
67
13
4
1
1
9
191.5
27.6
68.2
14 2
195
27
69
14
3
7
5
5
199.1
27.8
70.6
14 9
bil $
Personal consumption expenditures, total ._ do _
Durable goods, total 9
__
_
Automobiles and parts
Furniture and household equipment
Nondurable goods, total 9
Clothing and shoes
Food and beverages..
Gasoline and oil
_
Services, total 9
Household operation
Housing
_
_
Transportation
_
Gross private domestic investment, total
do
do
do
do
93 0
106 6
117 0
90 2
91 8
92 5
97 4
103 8
103 7
106 7
111 9
114 5
118 5
115 0
120 0
109 3
Fixed investment
do
Nonresidential
do
Structures
_ _
- do
Producers' durable equipment
do
Residential structures
.
do
Nonfarm
_.
do. _
Change in business inventories
do
Nonfarm
__
_ _ _ _ _
. _do
88 3
60 7
21.0
39.7
27 6
27.0
4 7
105 1
79 3
27 8
51.4
25 8
25 3
11 9
12 2
86 6
58 1
20 3
37.9
28 5
27 9
35
36
87 6
59 7
20 9
38.8
27 9
27 3
4 2
51
88 9
61 7
21 0
40.7
27 2
26 6
36
4 6
90 0
63 3
21 8
41.4
26 7
26.2
7 4
7 9
94 4
66 7
23 6
43.1
27 7
27 2
9 5
9 4
96 0
67 9
24 6
43.3
28 1
27 5
76
6 7
98 0
70 2
24 4
45.8
27 8
27 3
87
7 2
101 5
73 9
26 8
47.1
27 6
27.0
10 4
9 0
105 6
77 0
28 5
48.5
28 6
28 0
89
8 5
106 2
78 2
27 9
50.3
28 0
27 4
12 3
12 1
105 1
80.3
27.7
52.6
24.8
24.3
5.3
97 5
69 7
24.9
44.8
27 8
27.2
9 1
81
103 5
81 6
27 3
54.4
21 9
21 3
16 4
17 6
103 7
81 6
28.7
52.9
22.1
21.5
5 6
Net exports of goods and services .
do
Exports _ _ _
- _ _ _ _ _do_ _
Imports
do
85
37.0
28 5
7 0
39 0
32 0
4 g
42 7
37 9
9 0
36 4
27 4
7 9
36 0
28 1
8 4
37 2
28 8
86
38 1
29 6
6 4
35 1
28 7
82
40 5
32 3
7 1
40 1
33 o
6 1
40 3
34 2
6 0
41 7
35 6
4 7
41 9
37 3
4.2
43.4
39.2
4 1
43 6
39 5
45.6
40.2
Govt. purchases of goods and services, total. _do
Federal
__ _ _
do
National defense
do
State and local
_ _
do
128.9
65 2
50 0
63 7
136.2
66 8
50 1
69 4
153.0
76 9
60 0
76 2
126.5
64 9
50 1
61 6
130.1
66 6
51 6
63 4
129.5
65 1
49 8
64 4
129.4
64 1
48 5
65 3
131.6
64 4
48 2
67 3
134.3
65 6
49 1
68 7
137.7
67 5
50 7
70 2
141.2
69 8
52 5
71 4
145.0
71 9
54 6
73 1
149.0
74 0
57 1
75 0
156.2
79.0
62 0
77.2
161.1
81 7
65 5
79 4
169.1
87.0
69 7
82.1
By major type of product:!
Final sales, total
Goods, total
Durable goods _ _ _ _
Nondurable goods
Services
Structures
_ _ _
do
do
do
do
do
do
627 0
313 6
122 2
191 3
244 5
68 9
672
335
132
203
262
74
727
365
145
219
285
76
7
3
9
5
9
6
613 3
307 1
119 6
187 5
237 3
68 8
623
311
122
189
242
69
5
4
4
0
7
4
634 4
318 8
125 0
193 8
247 1
68 5
636
316
122
195
251
68
651
324
127
196
254
72
4
3
7
6
3
7
665 3
331 2
128 8
202 4
259 8
74 3
677 8
338 8
134 3
204 4
265 1
73 9
694
348
137
210
268
76
0
4
9
5
8
9
712 3
357 0
141 8
215 2
275 5
79 8
720
359
140
218
282
78
735
369
148
221
289
75
742
374
151
222
296
72
9
2
7
5
2
5
758 1
379 5
151.4
228 1
304.2
74 5
do
do
do
4.7
33
1 4
9.1
6 3
2 7
11.9
9 0
2 9
3.5
2 3
12
4.2
36
3.6
2 8
7.4
4 4
29
9.5
7 4
2 1
7.6
6 4
8.7
6 7
21
10.4
4 7
5 7
8.9
58
31
5
16.4
11 9
4 6
3.7
_
___
_
Change in business inventories
Durable goods
Nondurable goods
___ _ _
1
7
2
5
0
5
5
g
8
9
0
0
1
8
12
0
3
6
7
1
6
12.3
9 0
33
9.9
10.4
4
7
7
0
9
8
9.9
9 5
6.0
5.4
5.6
19
GNP in constant (1958) dollars
Gross national product, totalf
bil. $_.
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services
_
Gross private domestic investment, total
Fixed investment.
_
Nonresidential
_
Residential structures
Change in business inventories
Net exports of goods and services
580.0
614.4
647.8
569.7
578.1
585.0
587.2
600.3
607.8
618.2
631.2
640.5
643.5
649.9
657.2
656.7
do
373.8
396.2
415.5
365.7
371.0
379.5
378.9
387. 1
392.2
398.9
406.5
412.8
412.2
418.3
418.5
422.0
do
do
do
59 1
170 5
144 2
66 4
178 2
151 6
70 7
186 0
158 7
57 2
167 2
141 2
59 5
168 4
143 1
60 9
173 3
145 3
58 8
173 1
146 9
64 8
174 2
148 1
64 2
177 6
150 4
67 2
178 5
153 1
69 2
182 5
154 8
72 2
184 1
156 5
68 5
185 8
157 9
71 6
187.1
159.6
70 6
187.1
160.8
69.6
190.1
162.3
do
86.5
97.8
104.7
84.6
85.6
85.7
90.2
95.9
95.3
97.9
102.2
103.5
106.3
102.5
106.4
95.7
81 9
57 4
24.6
4.6
89 0
64 9
24.1
8.8
93 6
72 1
21.5
11.1
81 2
55 5
25.7
3.5
81 6
56 6
24.9
4.0
82 2
58 2
24! 1
3.5
82 8
59 2
23.6
7.4
86 6
62 3
24.4
9.3
88 0
63 4
24.5
7.3
89 4
65 5
23.9
8.5
91 9
68 4
23.5
10.2
95 0
70 8
24.3
8.5
94 7
71 3
23.4
11.6
93 5
73.0
20.5
9.1
91 2
73.3
17.9
15.2
90.5
72.6
17.9
5.2
8.5
6.3
4.7
9.2
8.2
8.4
8.0
5.7
7.1
6.4
6.0
5.9
4.6
4.2
4.1
5.3
120.4
61 9
58.' 5
124. 9
65 5
59.4
128.3
67 6
60.7
133.6
71.6
62.0
do
do
do___
do
do
Govt. purchases of goods and services, total _do
Federal
do
State and local
_
do
111.3
57 g
53.4
114.1
57 8
5fi. 3
123.2
64 0
59! 1
110.3
58 2
52^0
113.3
59 7
53.' 6
••Revised.
* Preliminary.
f Revised series. Estimates of national income and
product and personal income have been revised (see p. 11 ff. of the July 1966 issue of the
111.3
57 4
sa! 9
110.1
56 1
54.' 0
111.5
56 2
55. 3
113.2
57 3
55! 9
115.0
58 3
56'. 7
116.6
59 3
57. 3
118.3
60 4
57.' 9
SURVEY); revisions prior to May 1965 for personal income appear on p. 18 f!. of the July 1966
issue of the SURVEY.
9 Includes data not shown separately.
s-1
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual total
1964
1966
III
June
1966
1965
IV
I
II
III
IV
I
II
1967
III
IV
I
II
III
GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
604.1
626.7
613.8
630.8
577.8
562.7
595.7
610.1
528.5
543.3 552.2
559.0
522.9
517.3
National income totalf
bil $
427.9 438.3 447.5
456.1
387.8 395.6 406.5 419.6
433.3 369.8 375.3
Compensation of employees, total
do
381.7
365.7 392.9
387.4 396.7
405.0
411.8
392.3 337.4
353.7 360.8 370.8 380.0
342.2
348.2
Wages and salaries, total
do
333.6 358.4
311.5
318.0
328.4
323.9
298.5 305.9
285.8 291.1
281.2
314.8
Private
do
269.3 289.1
272.3 275.9
14.1
15.0
16.3
15.8
12.0
13.0
13.6
11.7
14.6
11.9
11.8
Military
do
11.7
12.1
11.7
61.8
63.7
65.2
67.1
60.4
59.3
57.7
55.2
56. 3
Government civilian
do
62.8
53.4
54.3
52.6
57.1
40.5
41.5
42.5
44.3
34.1
35.7
39.6
34.8
33.5
Supplements to wages and salaries
do
34.5
41.0
32.4
33.1
32.0
57.9
57.3
57.0
57.5
58.4
55.9
57.1
56.7
57.8
52.2
53.3
Proprietors' income, total 9
do
51.9
55.7
51.9
41.6
41.9
42.2
42.3
41.1
41.4
40.4
40.7
40.5
Business and professional 9
do
40.3
39.9
41.8
40.7
40.3
16.3
15.4
15.2
14.8
16.0
17.0
15.5
16.0
12.9
11.9
Farm
do
12 0
16.0
15.1
11.7
18.8
18.9
19.1
19.3
18.3
18.4
18.5
18.7
17.9
18.1
Rental income of persons
do
18.3
18.9
17.7
17.8
Corporate profits and inventory valuation adjust79.9
79.1
81.7 '76.7
80.0
76.9
72.7
74.0
73.2
74.2
66.8
80.2
67.8
ment, total
bil. $
66.6
By broad industry groups:
10.1
9.8
10.5
9.4
9.5
10.6
8.7
8.9
8.4
8.5
8.9
8.4
8.6
Financial institutions
do
10.0
70.0
69.0
71.2 '66.1
67.5
64.0
70.6
65.0
64.6
58.2
65.3
58.1
Nonfinancial corporations, total
_do
70.2
59.3
39.5
40.6
42.0
37.4
41.9
38.0
39.6
36.7
37.4
32.2
32.4
37.8
Manufacturing, total
_do
33.0
41.0
17.0
17.2
17.6
16.4
17.2
16.9
15.5
15.5
15.5
14.7
15.7
14.5
14.6
Nondurable goods industries
do
17.3
22.5
24.4
23.4
23.2
21.1
21.2
21.9
24.7
21.9
18.4
17.5
17.9
22.1
Durable goods industries
do
23.8
Transportation, communication, and public
12.2
12.1
11.5
12.0
11.6
10.9
11.2
11.3
10.7
10.4
10.5
11.1
utilities
bil $
11.9
10.6
17.2
16.4
17.4
17.0
16.4
17.4
16.5
16.4
16.5
16.4
15.5
15.4
15.7
All other industries
do
17.2
81.9
82.8
81.8 '77.4
74.5
78.7
82.7
75.0
74.5
67.8
67.7
67.0
75.7
Corporate profits before tax total
do
82.3
33.7
32.4
34.1
33.7 '31.8
34.1
30.7
30.9
31.2
30.7
28.4
28.7
28.6
33.9
Corporate profits tax liability
do
48.2
48.7
46.3
48.1 '45.6
44.1
48.7
43.8
43.8
39.1
39.0
44.5
38.7
Corporate profits after tax
_
do
48.4
21.1
19.5
20 2
20.9
20.7
21.5
18.8
21.1
18.1
17.4
19.2
17.7
17.3
20.9
Dividends
do
27.1
27.4 '24.0
27.8
24.6
26.1
27.6
25.0
25.7
21.4
21.3
25.3
21.7
Undistributed profits
do
27.4
Q
-2.8
-1.8
-2.8
-2.9
-.8
-1.8
-1.0
.0
-1.3
.0
-.4
-1.5
Inventory valuation adjustment
do
-2.1
20.2
19.1
18.7
19.6
17.5
21.0
21.6
18.1
16.9
16^3
17.8
15.7
15.5
20.0
Net interest
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
585.2
552.8
564.6
573.5
598.3 609.7
527.6
541.9
518.0
500.3 507.5
496.0
535.1
580.4
Personal income total
bil $
77.4
66.7
69.5
73.6
79.8
81.1
66.6
65.7
64.9
60.9
59.4
59.1
66.0
Less* Personal tax and nontax payments
do
75.1
495.1
499.9 507.8
518.4
528.5
486.1
453.2 461.0 476.2
446.6
469.1
436.6
Equals: Disposable personal income
do
505.3 441.2
468.4
488.0
494.1
473.3 483.3
443.4
418.4
420.0 430.3 438.6 447.1 457.6
412.1
478.3
Less' Personal outlays©
do
26.7
24.5
30.4
34.4
22.4
28.5
26.6
29.0
22.8
22.8
26.6
24.5
25.7
Equals' Personal savings
do
27.0
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
12.77
14.95
15.29
15.57
17.00 ' 13. 59 i 15. 62 2 15. 85
13.41
10.79
12.81
12.84
11.54
44.90
51.96
All industries
.
bil. $
60.63
6.72
5.61
7.02
6.84
7.75 '6.10 '6.89
5.47
5.73
6.78
4.54
5.59
4.67
18.58
22.45
Manufacturing
do
26.99
2.87
3.54
3.48
4.07 '3.08 '3.58
3.61
2.76
2.91
3.51
2.25
2.83
9.43
2.37
11.40
Durable goods industries
do
13.99
2.74
3.24
3.30
3.42
2.82
3.68 '3.02 '3.31
2.70
3.27
2.28
2.76
2.30
. 9.16
11.05
Nondurable goods industries. _ _ .
do _
13.00
.33
.35
.38
.41
.32
.37
'.32
.33
.40
.29
.33
'.38
1.19
.30
1.30
Mining
do
1.47
.40
.46
.55
.48
.38
.44
.44
.55
'.41
.39
'.40
1.41
.37
.35
1.73
Railroad
_
do
1.9S
.75
.73
.82
.86
.72
1.01
.77
1.00
'.70 '1.09
.58
.64
.59
2.38
2.81
Transportation, other than rail
. do _
3.44
1.60
2.04
2.36
2.36
1.88
2.49
1.84
1.71
2.09
1.32
1.76
6.22
'2.35
1.71
6.94
Public utilities
do
8.41
1.26
1.58
1.24
1.22
1.41
1.36
1.42
1.35
1.08
1.17
4.30
1.06
4.94
Communication
do
5.62
2.83
3.52 '2.87 '3 4. 51 34.54
3.25
3.33
2.85
3.10
3.06
2.59
10.83
2.84
3.01
11.79
12.74
Commercial and other
.do
Seas. adj. qtrly. totals at annual rates:
62.80 '61.65 '161.55 2 62. 80
55.35 58.00
50.35 52.75
61.25
60.10
49.00
45.65 47.75
All industries
do
25.60
27.75 ' 27. 85 ' 27. 30 28.35
24.15
21.55 23.00
27.55
26.80
20.75
20.15
18.85
Manufacturing
do
13.15
14.50 ' 14. 20 ' 14. 20
12.45
10.80
11.75
14.35
14.60
13.85
10.40
10.15
9.60
Durable goods industries
do
12.45
13.25 ' 13. 70 ' 13. 10
11.70
13.20
10.70
11.25
13.70
12.95
10.40
10.00
9.20
Nondurable goods industries
do
1.45 ' 1.40 '1.50
1.40
1.35
1.25
1.45
1.65
1.30
1.25
1.55
1.30
1.20
Mining
__
do
1.75
2.35 '1.80 '1.50
1.95
1.55
1.85
1.50
1.70
1.75
2.00
1.55
1.50
Railroad
do
3.30
3.50 '3.05 '3.80
3.00
3.40
4.20
2.70
3.00
3.50
2.55
2.60
2.40
Transportation other than rail
do
8.25
8.50 '9.20 '9.25
7.30
6.85
6.75
8.55
9.20
8.30
6.80
6.35
6.30
Public utilities ...
do
5.95
5.35
5.30
4.80
5.05
5.60
4.55
5.50
5.75
4.40
4.40
Communication
do
12.35
13.30 ' 12. 55 '318.15 3 17. 95
12.25
11.95
11.60
12.85
11.30
12.45
11.40
11.00
Commercial and other
do
U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil. $. ' 37, 099 '39, 147 ' 43, 039 '9,371 ' 9, 565 ' 8, 768 '10,180 '10,080 '10,119 '10,511 '10,618 '10,913 '10,997 "11,317
25, 297 '26,314 ' 29, 168 ' 6, 370 ' 6, 587 ' 5, 628 -6,880 '6,811 ' 6, 925 ' 7, 203 ' 7, 181 ' 7, 382 ' 7, 402 ^7,690
Merchandise, adjusted, excl. military
do
'212
-210
'209
'192
'206
' 222
'230
P338
'200
' 189 '298
'847
844
Military sales
do
'847
1,353
1,469 ' 1, 535 ' 1, 587 ' 1, 654 Pl, 582
' 5, 389 ' 5, 888 ' 6, 245 ' 1,387 '1,322 '1,499 ' 1, 562 1,474
Income on U S. investments abroad
do
1,630 ' 1,680 ' 1,738 '1,731 p 1,707
1,629
1,565
' 5 666 ' 6, 171 ' 6, 779 '1,425 '1,458 ' 1,431 ' 1,546
Other services
do
Imports of goods and services
_
do
r-28, 637 '-32,203 '-37, 936 '-7,208 '-7, 440 '-7, 232 '-8, 139 -8, 233 -8, 599 -8, 977 '-9,265 '-9, 762 '-9,913 p-9, 981
-18,621 '-21,472 '-25, 510 '-4, 730 '-4, 907 '-4, 669 '-5, 475 -5, 556 -5, 772 -6, 025 '-6, 225 '-6, 580 '-6, 680 p-6, 689
Merchandise, adjusted, excl. military
do
-861 ' -911 ' -953 ' -969 p-1,041
-754
-785
Military expenditures. . ._ _
do
'-2,861 '-2, 921 '-3, 694 -694 '-691 r -671 '-711
-475 ' -471 ' -565 ' -563 p-531
-469
-435
Income on foreign investments in the U.S-.do
' — 1,455 '-1,729 '-2, 074 '-362 ' -380 ' -401 r -424
'-1,462 '-1,491 '-1,529 -1,488 -1,573 -1, 636 '-1,658 '-1,664 '-1,701 p-1,72
Other services
_ _
do
'-5,700 '-6, 081 '-6,659 '-1, 422
Unilateral transfers, net (excl. military grants);
-694 ' -680 ' -664 ' -775 ' -725 '-660 ' -851 '-733 ' -709 ' -632 p-722
transfers to foreigners (— )
mil. $.. '-2, 782 '-2, 824 '-2,925
Transactions in U.S. private assets, net; increase
(— )
mil $ '-6,542 '-3, 743 '-4,132 '-1,624 ' 2 104 ' 1,657 ' -389 ' -885 ' -812 ' -981 '-1, 135 ' -932 '-1,084 p-1,006
Transactions in U.S. Govt. assets, excl. official
reserve assets; increase ( — )
mil $ -1,674 -1,575 '-1,531 ' -405 ' -579 ' -396 ' -490 ' -244 ' -445 ' -365 ' -500 ' -328 ' -338 p-741
Transactions in U.S. official reserve assets, net;
-6 pl,027
. 424
82
41
68
271
68
842
-151
increase (— )
mil $
70
171
1,222
568
Transactions in foreign assets in the U.S., net (U.S.
'1,205
^312
'492 ' 1,145
'459
'211
'236
'286 ' -342
'664 ' 1,724
liabilities)' increase (-f-)
mil $
'3,314
'391 '3,301
'425 p-483
54
'83
'416 ' -12 '227
Liquid assets
.
do
'448 ' 1,485 ' -24 ' -267
'113
'789
' 2, 629
P795
'780
'376
'265 ' 1,091
'248
'310 ' -75 ' -205
Other assets
do
'239
685
'278 ' 2, 512 '216
'277 ' -229 p-206
' 53 ' -113 ' -245 ' -110 ' -233 ' -198
Unrecorded transactions
__
do
' -949 ' -415 ' -383 ' -174 ' -335
Balance on liquidity basis— increase in U.S. official
reserve assets and decrease in liquid liabilities to
'199 ' -457 ' -259 ' -651 ' -122 ' -165 ' -419 p-544
all foreigners' decrease ( — )
mil $ '-2, 800 ' 1 335'-1,357 ' -518 '-1,334 ' -818
Balance on official reserve transactions basis— increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
'207 ' -910 ' -443 ' -175 ' ' -861 ' -18 p-1,822
'239
official agencies; decrease (-)
mil. $. '-1,548 '-1,304
' 225 ' -239 ' -618 ' -834
tSe e corresp onding n ote on p. S-1.
* Revised.
» Preliminary.
1
nventory valuatic n adjust ment.
9Iiicludes i
F.stimates for Apr.-June 1967 based on anticipate capital expendit ures of bu si ness,
d
2
Estimates for July-Sept. 1967 based on anticij3ated cap ital expe nditures of busii icss.
0P ersonal <outlays c om prise personal consum ption ex penditur es, inter 3St paid by consume rs, and personal t ransfer p ayments to foreig tiers,
Anticipated expenditures for the year 1967 are as foil >ws (in bil .$):Alli ndustries, 62.40;rmmu§Pe rsonal sa ving is e xcess of d isposabh i income over per sonal out lays,
facturing, total, 27.91; durable goods industries, 14 50; nondiirable goods indiistries, 1 3.42;
cfft lore com plete det ails are i iven in ;he quar ;erly rev ews in t he Mar. June, S ept., and
mining, 1.56; railroad, 1.53; transportation, 3.82; pu blic utilit es, 9.12; commerci al and o ther
Dec. ssues of 1the SURV EY; quar terly rev isions ba ck to 196C are on p . 2 2 f f o f t his issue
(incl. communication), 18.46.
s includes commuilication.
SUEVEY OF CUEKENT BUSINESS
June 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966 v
Annual
S-3
Apr.
May
June
July
Aug.
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May*
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates: f
Total personal income
bil $
Wage and salary disbursements, total
do
Commodity-producing industries, total. do
Manufacturing
do
Distributive industries
do
Service industries
Government
Other labor income.
Proprietors' income:
Business and professional
Farm
_
__do
do
do ...
.
do
-do
Rental income of persons .._ _
do
Dividends
_ ._ -.. do
Personal interest income
do
Transfer payments
do
Less personal contributions for social insurance
bil. $„
Total nonagricultural income
do
535 1
580 4
570 5
573 0
577 2
580 0
585 4
590 0
594 4
598 5
601 8
607 1
609 3
612 7
614 1
616 9
358.4
144.3
115 5
86.7
392.3
158.2
127.2
93.2
384.7
156.0
125 2
91.5
387.0
156.8
125 9
91 9
390.5
158.1
127 0
92 8
393.7
158.2
127 1
93 6
397.0
159.8
128 9
93.9
399.5
160.7
1^9 6
94.4
402.3
161.5
130 7
95. 1
405.1
162.4
131.4
95.8
407.5
162.9
131 4
96 5
410.7
163.9
132.2
97.5
411.2
163.0
131 1
97 7
413.5
163.4
131 5
98 1
' 414. 2
163.0
131 2
98 0
414. 9
162.3
130 8
98 4
58.1
69.2
18.5
63.5
77.4
20.8
62.0
75 2
20.4
62.5
75 9
20.6
63.0
76.6
20.7
64.0
78 0
20.9
64.5
78.8
21.1
64.9
79.5
21.3
65.4
80.2
21.5
65.8
81.0
21.7
66.2
81.9
21.9
66.7
82.7
22.2
67.2
83 5
22.5
67.8
84 2
22 8
68.4
84 8
23.1
68 8
85 4
^3 4
40.7
15.1
41.8
16.0
41.5
16.7
41.6
16.3
41.7
15.9
41.8
15.5
41.9
15.4
42.0
15.3
42.1
15.1
42.2
15.2
42.4
15.4
42.3
15.2
42.2
14.8
42.1
14.6
42 2
14.6
42 3
14 8
18.3
19.2
38.4
39.7
18.9
20.9
42.8
44.6
18 7
21.0
41 8
42 6
18.8
21.2
42.1
42.5
18.8
21.1
42.3
43.2
18.9
21.1
42 6
43.5
18.9
21.0
43.1
45.1
19.0
21 2
43.8
46.0
19.0
21.2
44 3
47.2
19.1
21.2
44.8
47.8
19.2
19.8
45 3
48 9
19.2
21.3
45.7
50.0
19 3
21.5
46 0
51 5
19 4
21.7
46 3
52 0
19 5
21.9
46 8
51 6
19
22
47
59
r
13.2
17.6
17.0
17.1
17.2
17.9
18.1
18.2
18.3
18.5
18.6
19.7
19.7
19.8
515 6
559.7
549 1
551 9
556.5
559 8
565.4
570. 1
574 6
578.6
581 7
587.1
589 6
593 1
41,639
46 151
2 951
2,818
3,234
3,405
4,579
5 009
5 608
4,877
3,774
3 700
2 917
3 090
*> 772
3,276
1,423
1,853
469
1,048
318
3,633
1,462
2,171
464
1,323
368
4,044
1,808
2,236
467
1,374
380
5 122
2,775
2 347
485
1 462
386
4,784
2,638
2, 146
468
1,283
383
3,717
1,701
2,016
495
1,157
342
3,637
1,578
2,059
502
1 307
313
2 705
891
1 814
461
1 051
264
2 852
842
2 010
521
1 157
298
6
2
2
4
2 679
824
1 855
493
1 052
°71
19.9
T
19.9
594 4
597 0
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments (48 States) total t
mil. $
Farm marketings and CCC loans, total .do
Crops _.
.
do
Livestock and products, total 9
do
Dairy products
-..
_do._
Meat animals
do
Poultry and eggs.
_ _ _..
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:!
All commodities.
.-- ,
1957-59 = 100
Crops
-_
do
Livestock and products. _
do
Indexes of volume of farm marketings, unadjusted:!
All commodities
1957-59=100
Crops
_
- -___do
Livestock and products
..do
39, 187
17, 334
21,853
5,070
12, 943
3,527
42, 879
18, 213
24, 666
5,592
14, 726
4,027
2,832
845
1,987
465
1,169
310
2,778
773
2,005
488
1,165
309
3,204
1,234
1,970
471
1,157
313
122
126
118
133
132
133
105
74
129
103
67
130
119
108
128
122
124
120
135
127
141
150
158
145
191
242
152
178
230
139
138
148
131
135
138
134
101
78
118
106
73
131
100
72
120
119
120
118
120
120
120
88
53
115
90
50
119
109
96
119
111
111
111
120
113
125
133
140
128
172
219
138
170
225
129
130
143
121
126
132
121
93
72
108
97
62
123
91
55
118
INDUSTRIAL PRODUCTION rf 1
Federal Reserve Index of Quantity Output
143.4
156.3
154.8
156.0
159.3
150.9
156.8
161.3
163.8
160.2
157.1
156.6
'156.8
' 157. 2 r 157. 5
145.0
148.4
140.8
114.8
160.9
158.7
165.1
150.7
120.3
173.4
157.9
164.9
149.2
115.5
158.9
166.1
149.8
121.3
162.2
169.0
153.8
122.7
152 1
158.2
144.4
118.2
158.0
160.4
155.0
123.6
163
169
156
122
167
173
159
124
1
2
6
3
163.3
170.2
154.8
121.5
159 2
168.3
147.7
122.1
158 0
164.7
149.7
121.3
r 158 6
r 163 7
r 159 1
T 159 6
T 164 7
T
15? 0
121 3
T
T
do
do
-__do.-_
do
do
142.5
140.3
159.9
134.1
147.0
155.4
147.4
166.5
141.4
172.6
152.6
145.5
173.1
136.7
167.9
152.9
144.8
169.9
136.9
170.3
157.8
150.0
172.0
142.9
174.6
150 0
139.8
142.4
139.0
172.0
154. 7
146.0
132.0
150.4
173.5
161 2
153 6
165 8
149 6
177.8
164 7
157 8
184 9
149 2
179.4
160.0
151.3
176.9
143.2
178.7
157 2
145 5
168.7
138 1
182.4
156 8
145.7
159.1
141.5
180.6
do
do
.do
144.2
144.3
144.1
157.1
157.4
156.9
156.7
158.3
155.0
158.7
160.0
157.4
160.7
162.4
159.1
151.8
152 1
151.4
158.7
158 4
159.0
161 3
162 7
159 9
163 1
163 5
162 6
160.4
159.6
161.2
157.0
155 4
158 6
156.4
153 0
159.8
Unadj., total index (incl. utilities) rf_ .1957-59 = 100By industry groupings:
Manufacturing, total
do
Durable manufactures
..
do
Nondurable manufactures
do
Mining _ _ _
do
Utilities
do
By market groupings:
Final products, total
Consumer goods
.
-.
Automotive and home goods.
Apparel and staples
Equipment, including defense
Materials
Durable goods materials
Nondurable materials-..
Seas, adj., total index (incl. utilities) cf
By industry groupings:
Manufacturing, total
_.
6
5
3
8
r 152 3
r i9i 7
r i5g 7
157 1
r 145 6
r 156 5
r 146 0
157 0
r 159 3
161 8
T 157 4
T 152 6
r 159 8
142 2 r 141 6
180. 8
' 180. 4
r 162 9
r 164 6
153 4
122 9
156.7
159
165
151
122
0
1
4
5
T 156 6
T 145 8
r
159 6
156 1
144 9
160
' 179. 9
180.1
T 158 4
153 1
163 8
157 4
153
16°
do
143.4
156.3
153.9
155.3
156.5
157 2
158.0
157 7
158 9
158.6
159 0
158 1
156 4
156 4
r 156 o
155 5
do
145.0
158.7
156 6
157.6
158.9
159 4
160 1
160 0
161 5
161 0
161 3
160 1
r 158 5
r 158 1
r 157 8
157 4
Durable manufactures 9 . -.
do
Primary metals
..
do
Iron and steel
- d o
Nonferrous metals and products
do
Fabricated metal products
do
Structural metal parts
.
do
148.4
137.6
133.6
152.2
147.8
145 4
165.1
142.7
136.2
166.5
162.8
158 8
162.9
142.4
138.8
166.0
161.4
159 1
164.2
146.5
141.1
165.0
162.9
158 4
165.4
148.0
142.1
166.2
161.8
158.8
166 1
148.6
143 3
162. 4
162 1
157 7
167.1
148.7
142.2
162.1
161.4
158 8
167 3
146.4
139 0
164.7
163 0
158 6
169 1
145 0
137 5
168.2
164 2
159 0
167.3
138.4
132 4
161.7
164.7
160 2
167 6
136 2
130 1
163.5
168 7
161 4
165 5
131.9
124 9
163.2
166 6
160 7
r 163 2
r 131 9
r 162 9
r 169 5
T 129 2
r 124 8 T 123 6
' 167. 2 r 162. 5
T 165 o r 162 9
160 1
160 9
128 7
r 122 7
159.6
T 160 0
T 158 4
16° 5
128
Machinery
do
Nonelectrical machinery
_._ .do
Electrical machinery. ...
do
Transportation equipment 9
do
Motor vehicles and parts.. _
do
Aircraft and other equipment
..do
160.5
160.4
160.6
149.2
175.2
125.3
183.8
181.9
186.5
168.3
171.3
165.2
178 6
174.5
184.1
165.9
176.1
156.4
180.6
177.7
184.4
165.8
169.9
161.9
182.8
180.3
186.0
167.1
169.4
164.7
186 6
184.7
189 1
166.0
161 2
169.6
189 6
186.7
193 4
166.0
158 1
172. 5
188 8
188. 6
189 2
168.3
164.6
171.1
191 1
189 9
192 6
174 6
175 7
173 7
189 0
188.2
190 1
172.9
170 7
174.6
189 5
190 4
188 3
171 5
169 0
173 7
189 2
190 7
187 2
164.6
151 5
176 0
r 186 4
r 183 8
T 187 3
T 185 3
159 4
140 6
175 6
r 185 2
Instruments and related products, do
Clay, glass, and stone products
..do. Lumber and products.
do
Furniture and
fixtures
do
Miscellaneous manufactures
._ ..do,
151.4
133.5
117.4
157.4
146.0
176.5
140.7
119.3
171.9
157.9
174.6
141.9
130.7
169.6
157.2
176.4
139.5
122.7
173.8
159.5
176.5
141.0
122.9
174.6
159.3
177 0
138.5
119 9
169 7
157.2
177 4
140.5
111 3
175 3
158 7
179.5
141.2
110 0
173. 2
158.4
181
137
111
173
157
8
8
3
2
2
181 4
136.5
109 5
173 9
158 5
184
136
112
174
160
186
137
115
172
160
149.4
Nondurable manufactures
do
150.7
140.8
150.7
148.7
Textile mill products
do
142.3
143.7
134.9
143.5
144.0
Apparel products
do
145.1
150.3
149.9
152.0
150.3
Leather and products..
do
112.1
114.2
111.9
108.2
115.5
Paper and products
do
152.1
150.2
153.0
154.1
142.3
••Revised, p Preliminary. fSee corresponding note on p. S-l. {Revised series. Dollar
figures and indexes of cash receipts and volume of marketings revised beginning 1963; data
prior to May 1965 appear in the Dept. of Agriculture publication, Farm Income Situation,
151.3
143.4
149 7
111 1
156.2
151 3
142.1
147 7
110 4
153.1
150.9
141.7
148 4
109.9
151. 2
151 9
142.4
148 1
113 9
153.3
153 1
141.8
149 3
110 8
153.7
153 5
141.4
150 5
111 1
152.6
6
9
8
0
9
2
2
7
1
3
183 4
136 9
116 9
170 6
157 1
153 3
139.3
150 2
107 7
154.0
152 4
136.7
146 4
r 103 7
152. 4
r
T 182 o
181 6
183 2
r 179 5
r 164 5
r 167 3
148 0
T 178 s
T 153 7
179 2
r
r
r
T
T
8
o
2
5
9
186 0
135 1
120 0
T 166 3
r 159 o
152 1
*• 136. 3
142 2
100 5
r
152. 4
r 152 0
135.1
185
135
120
166
158
199
159
157
189
183
180
169
155
181
187
134
166
159
150 9
152.0
July 1966. 9 Includes data for items not shown separately.
cf Revised beginning Jan.
1964 to incorporate new data and to reflect use of new seasonal factors; revisions for months
prior to Sept. 1965 will be shown later.
SURVEY OF CUKEENT BUSINESS
S-4
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966 P
Annual
June 1967
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
146.1
134.8
200.5
230. 8
127. 4
Mar.
Apr.
May p
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PROD UCTIONcf— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexes^— Continued
By industry groupings— Continued
Nondurable manufactures— Continued
Printing and publishing
1957-59 = 100._
Newspapers
do
Chemicals and products,
__ do
Industrial chemicals
do
Petroleum products
do
r
148.4
133.8
199.8
146. 8
130.9
200. 4
230.1
' 130. 1
149
130.3
124.2
173.4
196.3
123.5
142.2
134.2
193.0
220.1
128.4
138.6
128.5
187.7
215.4
127.7
142.1
133.8
191.4
218.2
127.4
144.1
135.4
192.7
219.9
127.7
144.8
136.3
194.5
222.0
126.9
145.3
137.7
194.4
222 2
128^5
144.3
139.1
193.5
220.5
130.6
144.1
135.7
196.9
224.1
131.2
144.7
135.2
199.4
227.5
129.1
143.7
133.2
198.7
228.8
129.0
145.5
133.7
198.6
228.5
128.7
do
do
do
do
do
171.8
123.7
122.3
130.6
120.3
191.9
128.4
126.6
137.8
119.8
186.9
127.8
126.0
137.5
115.8
184.3
126.1
124.4
135.4
117.9
184.1
127.1
125.5
135.9
122.7
188.7
128.1
126.4
137.2
116.5
190.3
129.2
127.0
141.1
119.9
193.6
128.5
127.0
136.4
120.5
199.2
127.5
124.9
141.4
116.9
202.0
129.7
127.6
141.1
117.2
201.6
132.0
130.3
141.0
119.3
198.8
131.9
130.4
140.2
118.5
do
do
do
do
do
do
114.8
113.3
112.3
111.9
124.2
126.5
120.3
115.2
118.0
119.4
132.7
133.5
115.6
85.3
117.0
117.2
139.7
130.9
120.7
116.9
119.1
121.3
133.6
127.5
122. 0
120.7
119.3
121.4
134.2
133.3
122.0
120.8
119.2
120.9
134.0
133.7
122.1
120.7
119.6
121.2
132.1
133.8
121.0
114.7
119.6
121.3
128.6
133.5
121.6
121.5
119.5
121.1
129.4
130.3
121.0
114.0
119.3
120.8
133.0
133.4
123.0
125.2
119.0
120.8
134.2
139.3
122.5 ' 122. 1
123.0 r 122. 4
120.0
120.7
115.1
115.7
119.3 '119.6
119.6 ' 118. 4
121.0 r 120. 0
121.8 '121.3
140.3
142.1 ' 143. 7 148.7
130.6
138.7
136.6 r 137. 2
120.9
120
118
122
do
do
do
160.9
165.6
146.2
173.4
179.7
156.1
169.1
174.1
154.4
170.2
175.5
155.0
171.7
177.2
155.7
175.7
182.4
156.9
179.0
186.5
157.6
177.0
184. 2
158.5
175.2
181.7
159.1
176.9
183.9
159.5
177.7
183.4
160.0
179.6
185.7
179.5
179.5
do
do
do.__
142 5
140.3
159.9
155.4
147.4
166.5
152.9
146.4
168.4
153.7
146.2
166.1
154.9
147.1
165.8
155.3
146.5
162.5
156.4
147.1
159.6
156.3
146.5
159.7
158.3
148.8
169.4
158.5
148.8
166.5
159.2
149.1
164.9
158.1
147.8
157.7
r
' 156. 6
' 146. 2
' 154. 4
156.3
145.9
154
Automotive products
__ __ do_
Autos
do
Auto parts and allied products.. _do
Home goods 9
do
Appliances, TV, and radios
do_._
Furniture and rugs
do
167 2
182 6
146.8
154.8
152.3
154.3
163.0
169.5
154.4
168.9
166.6
165.7
168.4
178.9
154.6
168.4
166.7
166.3
160.7
166.0
153.6
169.9
165.9
169.1
162. 3
167.8
155.2
168.3
163.9
170.1
154.5
151.5
158.6
168.0
165.5
165.2
146.4
141.7
152.7
168.9
165.0
168.0
150.7
148.6
153.5
166.0
159.3
165.9
168.5
177.8
156.2
170.0
170.2
164.4
162.8
166.7
157.8
169.1
165.3
164.7
162.6
167.3
156.4
166.5
158.4
163.5
147.0
141.3
154.4
165.2
154.0
163.4
135.7
120.5
155.7
r 162. 9
Apparel and staples
do
Apparel, incl. knit goods and shoes.. do
Consumer staples
do
Processed foods
_do_ _
134.1
134.5
134.0
122.2
141.4
139.6
141.8
126.4
139.4
141.4
138.9
125.1
139.8
140.5
139.7
123.9
141.6
141.6
141.6
126.4
141.4
139.0
142.1
126.0
143.0
139.1
144.2
127.9
142.3
138.8
143.3
127.9
142.2
139.0
143.2
126.0
143.3
139.8
144.2
127.3
143.7
139. 1
145.0
130.1
144.2 ' 143. 1
143.4
139.9
135.8
135.8
145.4
145.2 ' 145. 6
130.4 '129.9 ' 129. 6
Beverages and tobacco
do
Drugs soap, and toiletries
do
Newspapers, magazines, books___do
Consumer fuel and lighting
do
127. 2
157.0
127.0
149.4
131.7
174.4
136.6
159.4
130.2
167.3
134.1
154.6
129.5
173.4
136.9
155.8
131.5
174.7
138.5
157.1
130.2
174.5
138.9
161.1
134.0
175.4
138.2
165.0
131.0
176.1
136.7
162.5
133.1
178.7
137.9
161.9
133.0
181.3
138.8
162.4
133.7
178.5
139.1
162.0
132.9
179.0
141.5
161.8
E quipment , including defense 9
do
Business equipment _ _ _ _
do
Industrial equipment
_ _ _do
Commercial equipment
do
Freight and passenger equipment. .do
Farm equipment
do
147.0
156.7
153.1
164.4
162.4
148.8
172.6
181.2
172.2
190.0
208.5
167.0
166.9
175.9
167.3
186.4
201.3
157.6
169.8
178.3
168.5
190.1
204.9
164.7
171.4
180.0
171.0
191.0
205.7
168.2
174.4
182.7
174.9
189.8
208.8
167.5
176.4
184.4
176.3
194.1
208.1
169.1
177.4
185.7
177.0
194.8
209.2
178.9
178.8
187.2
178.4
195.5
212.7
180.3
179.6
187.5
178.1
196.9
216.9
170.7
181.0
189.3
179.1
196.0
220.3
179.5
180.2 r 180. 3 ' 179. 6 178.9
187.4 r 186. 6 r 184. 4 ' 183. 3
177.7 '176.8 ' 174. 2 172.9
200.4
196.7
199.8 ' 199. 1
209.5
214.5
215.0 '211.7
176.1 r 162. 6
162.7
178.8
182
do
do
do
do
do
144.2
144.3
166.8
151.9
133.8
157.1
157.4
170.3
180.7
141.6
154.5
156.7
169.0
173.6
144.3
157.1
157.7
166.0
177.1
141.8
158.0
159.3
165.2
179.1
142.3
158.8
159.1
162.8
183.7
141.0
159.6
160.1
173.6
187.9
140.2
159.2
159.8
174.0
189.1
139.8
159.9
159.8
176.2
189.7
138.5
159.1
158.5
173.8
191.0
138.5
158.9
156.4
165.4
190.3
138.2
158.0
153.9
154.6
190.6
138.9
' 155. 8 '155.9
' 152. 1 '151.3
143.6
' 145. 1
' 185. 6 183.3
' 140. 2 139.5
155.1
151
- do
do
do
do
144.1
136.4
136.6
136.4
156.9
148.9
145.4
150.7
152.3
145.3
142.4
146.7
156.5
147.8
146. 1
148.6
158.0
150.3
146. 4
152.2
158.6
149.9
143.2
153.2
159.1
150.1
143.4
153.4
158.6
150.7
147.4
152.4
159.9
151.6
145.3
154.8
159.9
150.9
147.2
152.8
161.4
153.0
151.1
154.0
161.7
153.4
146.5
156.8
.do
do
do
127.9
115.5
159.4
136.3
122.2
173.5
130.8
114.9
170.6
136.9
123.8
171.2
138.0
124.9
172. 2
138.7
124.6
174.6
138.9
124.9
175.9
138.6
123.7
176.7
138.7
124.9
174.8
138.0
123.1
175.7
139.7
125.1
177.5
140.1
124.7
179.7
mil. $.. 1954,336 11,035,871 85, 455
85, 426
86, 957
86, 678
86, 995
86, 775
87, 066
86, 699
87, 875
87, 386
86, 299 '87,458
86, 953
44, 327
23, 031
21,296
44, 206
22, 874
21, 332
44, 091
22, 971
21, 120
44, 487
23, 451
21, 036
44, 393
23,237
21, 156
45,511
23, 715
21, 796
44, 460
23, 060
21, 400
43, 932 '44,866
22, 622 '23, 137
21,310 21, 729
44, 096
22, 346
21, 750
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
Mining_
Coal
_
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
Utilities .
Electric
Gas
By market groupings:
Final products, totalcf
Consumer goods
_.
Automotive and home goods
Materials cf
Durable goods materials 9
Consumer durable
Equipment
Construction
Nondurable materials 9
Business supplies
Containers
General business supplies
Business fuel and power 9
Mineral fuels
Nonresidential utilities
_.
r
r
r
132, 7
191.9
196.3
131.3 '131.7
129.5 r 129. 7
142.3
141.1
116.2
120.2
178.2
183.7
r 180. 6
156. 4
145.2
153. 5
r
r
T
r
r 153. 7
158.5
186.7
156. 7
146. 0
153.9
144.6
136.5
' 155. 4
r
160. 4
' 147. 1
r 157. 4
134.1 r 133.5
181.0
180.3
142.3 r 142. 3
162.7
160. 1
r
131.9
130.0
156.2
'151.9
148.4
186.5
r
139. 2
r
150.2
149. 9
150.5
157.3
141.3
157.0
148
150
146.2
129.5
146
181.5
143.8
160.5 ' 159. 7 ' 160. 6
152. 8
152. 1 ' 150. 8
' 147. 1 ' 144. 6 147.1
155.7
153.9
154.6
160
r
141
126
r
139.3 ' 140. 7 ' 140. 8
124.6 ' 125. 5
' 123. 5
181.5
179.3
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), totalft
Manufacturing, total
_ _. _ _ _ _ _ d o
i 483, 343 1 528, 448
Durable goods industries
do
252, 242 276, 069
Nondurable goods industries. _ _
do. _ 231, 101 252, 379
43, 540
22, 708
20, 832
44, 071
22, 915
21, 156
44, 125
22, 898
21,227
do
_ __do
do
1 283,852 1303,672
93, 718
97, 812
190, 134 205, 860
24,949
7,939
17,010
24, 475
7,506
16, 969
25, 394
8,056
17, 338
25, 362
8,106
17, 256
25, 572
8,358
17,214
25, 703
8,394
17,309
25, 550
8,276
17,274
25, 610
8,143
17,467
25, 368
8,156
17, 212
25, 687
8,200
17, 487
r
25, 470 r25, 739 25, 923
8,132
8, 150
7,955
17, 515 ' 17, 589 17, 791
- do
do
do
1187,141 1203,751
82, 691
91, 026
104, 450 112, 724
16,966
7,718
9,248
16, 880
7,601
9,279
17,438
7,637
9,800
16, 989
7,607
9, 382
17,217
7,737
9,480
16,981
7,514
9,467
17, 029
7,574
9, 455
16, 696
7,372
9,324
16, 996
7,539
9,457
17, 239
7,501
9,738
16, 897 '16,853 16, 934
7,488 ' 7, 350 7,217
9,409 ' 9, 503 9,717
Retail trade, total f
Durable goods stores
.
Nondurable goods stores
Merchant wholesalers, totalt
Durable goods establishments
Nondurable goods establishments
Mfg. and trade inventories, book value, end of year
or month (seas, adj.) , total! .. mil. $
Alanufacturing, total
Durable goods industries
Nondurable goods industries
Retail trade, totalf
Durable goods stores
_.
Nondurable goods stores
Merchant wholesalers, totalf
Durable goods establishments
Nondurable goods establishments. _
do
do
do
do
.do.
do
do
do
_do
120,896
135, 549
68, 015
42, 324
25, 691
34, 607
15,194
19, 413
18, 274
10, 575
7.699
77. 897
50, 037
27, 860
36, 961
16, 536
20, 425
20, 691
12, 112
8. 579
124,700 126,179 127,584 128,714 130,043 130,839 132, 392 133,856 135,549
70, 346
43,779
26, 567
35, 346
15, 690
19, 656
19. 008
11,209
7.800
71, 103
44, 275
26, 828
35, 927
16, 213
19,714
19, 149
11, 239
7.910
71,949
45, 003
26, 946
36, 325
16,411
19,914
19,310
11,318
7. 992
r
Revised.
p Preliminary.
1 Based on unadjusted data. tf See corresponding note
on p. S-3.
9 Includes data for items not shown separately.
§The term "business" here includes only manufacturing and trade; business inventories
as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unad-
136,590 136,780 '137,093 137,189
72, 958 74, 110 74, 884 75, 788 76, 896 77, 897 78, 886 79, 394 r 79, 708 80, 324
45, 790 46, 814 47, 568 48,352 49, 310 50, 037 50, 620 51,079 '51,216 51,615
27, 168 27, 296 27, 316 27, 436 27, 586 27, 860 28, 266 28, 315 ^28,492 28, 709
36, 312 36, 191 36, 355 36, 680 36, 734 36, 961 36, 924 36, 644 36, 526 36, 236
16, 330 16, 079 16, 241 16,496 16, 581 16, 536 16, 491 16,315 16, 142 16, 033
19, 982 20, 112 20, 114 20, 184 20, 153 20, 425 20, 433 20, 329 20, 384 20, 203
19, 444 19, 742 19, 600 19,924 20, 226 20, 691 20, 780 20, 742 ' 20, 859 20 629
r
11,349 11,577 11,435 11,722 11,835 12, 112 12, 140 12, 096 12, 105 12, 038
8,646 ' 8, 754 8,591
8,203
8,579
8,640
8,165
8,095
8,165
8,390
justed data for manufacturing are shown on p. S-5; those for retail trade on p. S-ll.
tSee corresponding note on p. S-ll.
jRevised series. The panel of reporters in the Census Bureau wholesale sample has been
updated to reflect information from the 1963 Census of Wholesale Trade; comparable data
prior to Sept. 1965 appear on pp. 26 ft. of the Nov. 1966 SURVEY.
S-5
SURVEY OF CURRENT BUSINESS
June 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
1967
1966
1966
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES-Con.
Inventory-sales ratios:
Manufacturing and trade, totalf t
ratio. _
1.46
1.48
1.46
1.48
1.47
1.48
1.49
1.51
1.52
1.54
1.54
1.56
1.57
1.58
1.82
2.31
.66
1.05
.60
do
do
do
do
do
1.61
1.91
.59
.80
.52
1.64
1.98
.59
.87
.52
1.62
1.93
.58
.84
.51
1.61
1.93
.58
.84
.51
1.63
1.97
.59
.86
.52
1.65
1.99
.59
.88
.52
1.68
2.05
.61
.90
.53
1.70
2.07
.62
.91
.54
1.70
2.06
.62
.91
.53
1.73
2.12
.63
.94
.55
1.71
2.11
.62
.94
.55
1.77
2.20
.65
.98
.57
1.81
2.26
.66
1.02
.59
do
do
_ do
__
do
1.29
.50
.19
.60
1.28
.49
.19
.59
1.28
.49
.19
.59
1.27
.49
.19
.59
1.27
.50
.19
.58
1.28
.49
.19
.59
1.28
.50
.19
.59
1.29
.50
.20
.60
1.30
.50
.20
.60
1.30
.49
.20
.60
1.28
.48
.20
.60
1.32
.50
.20
.62
1.33
.50
.20
.63
1.31
.49
.20
.62
1.32
.49
.20
.63
1.40
1.86
1.17
1.42
1.97
1.16
1.42
1.98
1.16
1.47
2.16
1.16
1.43
2.04
1.15
1.43
2.01
1.16
1.42
1.92
1.17
1.41
1.93
1.16
1.44
1.99
1.17
1.43
2.04
1.15
1.46
2.03
1.19
1.44
2.01
1.17
1.44
2.05
1.16
1.42
1.98
1.16
1.40
1.97
1.14
1.14
1.49
.87
1.14
1.49
.85
1.12
1.45
.84
1.13
1.48
.85
1.11
1.48
.82
1.14
1.49
.86
1.15
1.50
.86
1.15
1.52
.86
1.17
1.55
.87
1.21
1.61
.90
1.22
1.61
.91
1.21
1.62
.89
1.23
1.62
.92
'1.24
1.22
1.67
.88
9,941
11, 437
934
984
956
839
881
990
1,003
1,016
1,114
963
1,016
' 1, 201
1,048
43, 501
41,626
44,808
46, 033
45, 415
23, 946
'928
' 3, 732
' 1, 923
' 2, 187
26, 435
958
3,674
1,896
2,114
Retail trade, totalf
Durable goods stores
Nondurable goods stores . .
do
do
do
Merchant wholesalers, totalt
do
Durable goods establishments
do
Nondurable goods establishments. __ __do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries (unadj.), total___mil. $..
Shipments (not seas, adj.), total.
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products..
do
Nondurable goods industries, total 9
Food and kindred products
Tobacco products ._
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
Shipments (seas, adj.), total
By industry group:
Durable goods industries, total9
Stone, clay, and glass products
Primary metals
Blastfurnaces, steel mills
Fabricated metal products .
Machinery, except electrical
Electrical machinery
1
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total 9
Food and kindred products.
Tobacco products
Textile mill products
Paper and allied products. _
Chemicals and allied products
Petroleum and coal products. _ ...
Rubber and plastics products
483, 343
528, 448
44, 918
44, 287
46, 244
46, 170
46, 326
44,711
252, 242
11, 753
41 910
m 916
24, 292
276, 069
11, 929
45, 651
23, 707
26, 024
23, 869
1,028
4,074
2,178
2,187
23, 574
1.020
3,996
2,108
2,206
24, 652
1,114
4,066
2,104
2,332
20, 599
990
3,507
1,881
2,006
21, 432
1,074
3,790
2,007
2,263
23, 753
1,075
3,954
2,067
2,341
24,158
1,075
3,851
1,981
2,232
23,425
959
3,731
1,901
2,142
22, 982
877
3,575
1,772
2,094
21, 395
835
3,632
1,889
1,918
23,062
864
3,748
1,876
2,121
36, 490
33, 593
68, 039
45, 412
8,347
40, 204
39, 852
73, 460
46, 470
9,806
3,506
3,218
6,496
4,280
794
3,440
3,181
6,415
4,118
790
3,641
3,396
6,610
4,277
861
3,075
3,065
4,925
2,790
752
3,162
3,315
4,437
2,179
817
3,406
3,668
5,857
3,574
892
3,465
3,641
6,537
4,250
874
3,270
3,540
6,585
4,250
880
3,449
3,449
6,477
4,017
917
3,169
3,149
5,822
3,713
740
3,626
3,419
6,086
3,653
806
do
231, 101 252, 379
do
80, 678
87, 761
do
4,864
5,104
do
19,318
20, 407
do
19, 385
21,770
do
36, 030
38, 676
_do._
19, 178
20, 517
. _do ._ 11, 653 12,752
21, 049
7,177
398
1,685
1,770
3,498
1,722
1,124
20, 713
7,245
427
1,662
1,784
3,365
1,685
1,094
21, 592
7,508
465
1,789
1,929
3,401
1,748
1,127
19,813
7,031
432
1,462
1,699
2,980
1,709
971
21,677
7,411
447
1,791
1,926
3,187
1,743
1,042
22, 417
7,787
440
1,845
1,927
3,375
1,743
1,078
22, 168
7,546
418
1,847
1,908
3,313
1,794
1,109
21,286
7, 354
433
1,777
1,860
3,077
1.733
1, 008
20, 519
7,348
417
1,628
1,782
2,933
1,753
1,039
20, 231
7,085
384
1,587
1,787
3,148
1,704
1,009
21,746 '22,087 21, 980
7,490 ' 7, 571 7,493
426
'408
398
1,725 ' 1, 752 1,725
1,858
1,891 ' 1, 928
3,342 ' 3, 457 3,658
1,787
1,745 ' 1, 739
1,140
1,086 ' 1, 138
do
do
do
_do ___
do
Book value (seasonally adjusted), total
By industry group:
Durable goods industries total 9
Stone, clay, and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
43, 109
'
'
'
r
3, 752
3, 500
6, 505
3, 888
'851
3,762
3,189
6,469
3,922
826
44, 096
43, 540
44, 071
44, 125
44, 327
44,206
44, 091
44, 487
44,393
45, 511
44, 460
43,932 '44,866
do
do
do
do
do
22, 708
995
3,803
2,006
2,148
22, 915
932
3,798
2,012
2,129
22, 898
979
3,840
2,012
2,144
23, 031
940
4,045
2,210
2,142
22, 874
951
3,922
2,036
2,130
22,971
980
3,919
2,039
2,201
23, 451
971
3,839
1,996
2,098
23,237
979
3,812
1,983
2,180
23,715
1,068
3,893
1,982
2,267
23,060
1,061
3,758
1,920
2,135
22,622 '23,137 22, 346
927
1,013 ' 1, 020
3,432
3,618 '3,517
1,746
1,802 ' 1, 787
2,214 ' 2, 272 2,078
do_ .
do ___
do
__do
-do
3,226
3,284
5,939
3,844
800
3,254
3,313
6,176
3,895
801
3,321
3,230
6,114
3,908
813
3,363
3,496
5,742
3,405
844
3,364
3,377
5,915
3,550
851
3,422
3,413
5,845
3,569
833
3,559
3,445
6,389
4,033
847
3, 468
3,386
6,226
3, 853
856
3,583
3,389
6,268
3,899
845
3,492
3,463
5,881
3,568
834
3,485
3,336
5,686
3,385
805
' 3, 489
' 3, 435
' 6, 061
' 3, 529
'845
20, 832
7,255
411
1,670
1,740
3,260
1,756
1,079
21, 156
7,340
416
1,723
1,790
3,214
1,734
1,082
21, 227
7,334
435
1,704
1,839
3,260
1,734
1,050
21,296
7,274
417
1,717
1,875
3,237
1,733
1,080
21,332
7,476
425
1,725
1,878
3,203
1,718
1,064
21,120
7,360
430
1,688
1,843
3,170
1,728
1,043
21, 036
7,220
418
1,704
1,841
3,219
1,781
1,029
21,156
7, 334
416
1,734
1, 878
3,191
1, 739
1,036
21, 796
7, 672
426
1,752
1,903
3,286
1,719
1,111
21, 400
7,381
424
1,751
1,880
3,297
1,688
1,079
21,310
7,370
420
1,674
1,856
3,325
1,722
1,075
21, 729 21. 750
' 7, 562 7,578
439
'428
1,710
' 1, 726
' 1, 878 1,826
3,402
' 3, 378
1,822
' 1, 789
r
1,094
1, 106
4,080
9,092
5,453
4,275
3,340
17,300
4,204
9,193
5,626
4,327
3,203
17, 518
4,189
9,195
5,605
4,373
3,250
17, 513
4,227
9,199
5,793
3,857
3,181
18, 070
4,146
9,373
5,731
4,031
3,165
17,760
4,162
9,337
5,753
4,054
3,205
17,580
4,162
9,138
5,943
4,494
3,086
17, 664
4,196
9,263
5, 797
4,355
3,146
17,636
4,226
9,597
5,946
4,399
3,211
18, 132
4,185
9,344
5, 718
4,052
3,264
17, 897
4,039
4,128 ' 4, 247
9,346 ' 9, 532 9,629
5, 703 ' 6, 000
5,878
3,844 ' 4, 004
4,014
3,253 ' 3, 297 3,048
17,658 ' 17, 786 17, 488
1,785
2,638
4,301
1,754
2,832
4,353
1,735
2, 730
4,375
1,803
2,894
4,553
1,760
2,849
4,510
1,760
2,822
4,559
1,788
2,888
4,648
1,803
2,864
4,546
1,822
2,909
4,589
1,810
2,876
4,615
do
do
_.do
do
do
do
do
do
do_
By market category:
2 44, 909 2 49, 609
Home goods and apparel
do
Consumer staples
do
2101,305 2110,451
Equipment and defense prod., excl. auto. do
2 60, 300 2 67, 889
Automotive equipment
do
2 50, 403 2 52, 045
Construction materials and supplies
do
2 37, 543 2 38, 977
Other materials and supplies
do
2 188, 883 2 209, 477
Supplementary market categories:
Consumer durables
do
2 19, 283 221,212
Defense products
_
do
2 27, 965 2 33, 240
Machinery and equipment
do.__ 2 47, 115 2 53, 220
Inventories, end of year or month:
Book value (unadjusted), total
Durable goods industries total
Nondurable goods industries total
'1.65
'.92
40, 412
do
do
do
__do
do.__
Machinery, except electrical
Electrical machinery. _
Transportation equipment
Motor vehicles and parts
Instruments and related products
1,777
2,897
4,562
3,477
3,229
5,975
3,563
832
'1,863
' 3, 135
'4,630
1, 701
3,049
4,534
do
do
do
67, 620
41, 831
25, 789
77, 392
49, 432
27, 960
70, 755
44, 219
26, 536
71, 668
44, 910
26, 758
72, 380
45, 444
26, 936
72, 684
45, 634
27, 050
73,770
46,680
27,090
74,417
47, 319
27, 098
75, 297
47, 993
27, 304
76,383
48,764
27,619
77, 392
49, 432
27, 960
78, 881
50, 433
28, 448
79,817 '80,162
51,274 '51,580
28,543 '28,582
80, 816
52, 128
28, 688
do___
68, 015
77, 897
70, 346
71, 103
71, 949
72, 958
74,110
74, 884
75, 788
76,896
77, 897
78, 886
79,394 '79,708
80, 324
51,079 '51,216
1,787 ' 1, 794
7,174 ' 7, 213
4,137 ' 4, 128
5,295 ' 5, 273
51,615
1,814
7,338
4,204
5,267
10,117 '10,152
7,857 ' 7, 825
11,921 '12,004
3,640 ' 3, 533
2,222 ' 2, 251
10, 169
7,781
12, 177
3,465
2,294
44, 275
1,688
6,700
3,887
4,758
45,003
1,697
6,770
3,917
4,782
45, 790
1,692
6,787
3,911
4,837
46,814
1,698
6,902
3,966
4,916
47, 568
1,675
6,908
3,993
5,048
48, 352
1,703
6,971
4, 048
5,109
49,310
1,722
7, 057
4,077
5, 214
50, 037
1,746
7,109
4,043
5,314
50, 620
1,772
7,140
4,088
5,272
8,756
8,508
Machinery except electrical
do
8,658
9,942
6,093
6,552
Electrical machinery
do _ _ _
6,408
7,653
8,930
9,483
Transportation equipment
do. _ _
9,481
11,369
3,274
3,314
3,318
Motor vehicles and parts'
do
3,538
1,932
1,788
Instruments and related products- _ d o _ _ .
1,883
2,214
' Revised.
1 Advance estimate. 2 Based on data not seasonally adjusted.
tSee corresponding note on p. S-ll.
8,958
6,688
9,634
3,233
1,987
9,097
6,841
10,006
3,394
2,023
9,329
6,998
10,399
3,537
2,062
9,536
7,205
10, 557
3,489
2,106
9,665
7,383
10,780
3,518
2,150
9, 852
7. 580
11,091
3,553
2,174
9,942
7,653
11,369
3,538
2,214
10, 029
7,799
11,717
3,608
2,211
1.58
1.78
'2.21
.64
'1.00
.58
Manufacturing, total
Durable goods industries
Materials and supplies
Work in process
Finished goods
Nondurable goods industries
Materials and supplies
Work in process
Finished goods
t
do
do___
do
do
do
42, 324
1,626
6,349
3,678
4,856
50, 037
1,746
7,109
4,043
5,314
43, 779
1,662
6,594
3,817
4,754
9 Includes data for items not shown separately.
tSee corresponding note on p. S-4.
May
SUEVEY OF CUEEENT BUSINESS
S-6
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966
Apr.
Annual
June 1967
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued
Book value (seasonally adjusted)— Continued
By industry group— Continued
Durable goods industries— Continued
By stage of fabrication:
Materials and supplies 9
mil. $_. 12,943
2,388
Primary metals
_
do
3,816
Machinery (elec. and nonelec.)...do
2,278
Transportation equipment
do
18, 109
Work in process9
do
2,130
Primary metals
do
6 699
Machinery (elec and nonelec ) do
5,465
Transportation equipment
do
11,272
Finished goods 9
do
1,831
Primary metals
do
4 086
Aiacn .nery (eiec. ana noneiec.j — ao
14,802
2,603
4,877
2, 477
22, 263
2, 477
7 853
7,512
12, 972
2, 029
4 865
13, 146
13, 298
4,019
2,195
19, 141
4,120
2,490
2,244
6 904
6,078
11,492
1,860
4 143
2,489
2,226
19,302
2,337
6 977
6,003
11,675
1,874
4 911
13, 507
2,486
4,266
2,221
19, 693
2,394
7 099
6,149
11,803
Food and kindred products
Tobacco products
Textile mill products
.
Paper and allied products
do
do
do
do
Petroleum and coal products
Rubber and plastics products
By stage of fabrication:
Alaterials and supplies
\Vork in process
Finished goods
1 qon
1,890
4 981
1 9DQ
1 9^4
9fi ^fi7
1 1 87
9fi R9S
9fi QdA
6 515
6 503
2 383
2,028
10 439
3 991
12, 398
7 521
2*371
6 394
9
343
3,333
do
do
3, 130
1,965
4 335
1 756
1 279
2,271
5 039
1 869
1 402
»') 480
2 395
3,173
1,997
4 504
1 802
1 299
do
do
do
9 964
3 862
11 865
10 501
4 333
13 0°6
10 309
3 913
12 345
7 021
8 190
10. 476
18, 166
4 358
6, 537
30, 170
7 403
10, 380
15, 557
3 992
6, 090
26, 924
By market category:
Consumer staples. .. . .. ._ _ ...do
Equip, and defense prod., excl. auto do
•\utoinotivo equipment
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary market categories:
6 034
9^844
14, 835
4 032
6,054
26 229
o o§7
6, 388
4 189
8.732
12,592
3 508
7,079
2,394
3,156
4 632
1 795
1 309
10,466
15, 655
4 028
6,124
27,309
9
3 67
-I
r>RA
3,248
2,068
7,893
10,247
17,125
4,253
6,298
29,068
3 95°
6,192
27 713
3
791
45 064
45 391
* K. O O O
Nondurable goods industries total
Industries with unfilled orders©
Industries without unfilled ordersf
24, 197
3, 905
22,044
231 540
63 458
168 082
252, 343
69, 463
182, 880
20 867
5 650
15 217
49, 710
4 051
do
do
do
41,017
21,378
24, 914
38,434
35, 292
72, 973
By market category:
Horn* goods and apparel
do
45 057
Consumer staples
_. _. _ . . . --.do ._ 101,315
Equip, and defense prod., excl. auto
do
65, 081
51, 053
Automotive equipment .. _ _ . _ . _
do
Construction materials and supplies
do
38, 058
Other material and supplies
do
191 708
Supplementary market categories:
19 449
Consumer durables
do
32 534
Defense products
do
Machinery and equipment
do
49 679
Unfilled orders, end of year or month (unadjusted),
total
mil $
Durable goods industries, total
.
do
Nondur goods Indus with unfilled orders© do
Unfilled orders, end of year or month (seasonally
adjusted), total
._ .
mil. $
By industry group:
Durable goods industries, total 9
do
Primary metals
do
Blast furnaces, steel mills
. . do
Fabricated metal products
do
Machinery, except electrical
do
Electrical machinery
. _ _ . . _ do. .
Transportation equipment
do
Aircraft and parts
do
Nondur. goods indust. with unfilled orders© do
64 896
61,543
3 353
110,454
75,275
52, 058
39,413
215,269
21.318
40, 469
56, 770
78, 630
75,315
3 315
2,037
2,206
3,538
3,612
6,561
2,099
9,092
6,295
4, 343
3,426
17,857
1 784
24, 276
4,305
2,331
2,237
3,553
3,466
6,488
1,942
21,045
5 692
15 353
4,227
9, 197
5, 937
4,516
3,227
18,217
1 812
14,880
2,640
4,937
2,499
97 5SQ
27 860
28 266
6 984
9
340
3, 356
2, 214
4 937
1 819
1 386
6,383
6,394
2,343
3,333
4,062
12, 600
16, 709
4,293
6,267
28,201
28, 760
3 765
7,513
3 831
4,880
1,813
1,368
4,169
12,568
10 549
4 251
I 9 643
2, 505
4.785
2, 449
21,446
1,962
4 635
2, 504
7 698
7, 030
12,441
14, 599
2,548
4,846
2,468
21,934
2,503
7,791
7,284
12,777
2,006
4,795
1 339
2, 307
3,286
2,230
5,000
2 271
1,869
1,402
5,145
1,930
1,444
10, 571
4, 253
12, 762
10, 501
10, 609
10, 415
17, 877
8,083
8,190
10, 476
18, 166
10, 698
4 98
6. 380
29. 338
4,354
6,442
4,358
6,537
29, 725
30, 170
30, 441
4 148
12, 719
8 00°
10,313
17,457
9
1,835
1,422
5^039
4,333
13, 026
11,537
7,736
11,818
3 92
A 0^^
7,925
12,096
8,189
12, 228
12, 471
4,189
8, 732
12, 592
42, 314
22, 521
19, 793
43, 805
22, 244
21, 561
48,083
25,810
22,273
46, 649
24, 518
22, 131
43, 927
22, 738
21, 189
45 6°5
44 842
46 318
45 943
24, 593
4,109
2,173
2,163
3 609
3 487
6, 902
2 569
24, 371
4,106
2, 277
2, 231
9
21 40
5 834
15 406
21,254
4 271
3,426
3,744
6, 639
2,340
23, 512
3,792
1,906
2,128
3,774
3,603
5,986
2,072
9
25,274
4,047
2,166
2, 106
3,715
3,676
7,561
3,403
6,593
2,336
3,325
2,265
4,349
13,308
8,335
18,495
4,424
6,493
28 709
6,702
2,392
3,413
2,292
5,175 ' 5, 203 5,275
1,925 '1,915
1,950
1,427 ' 1, 446
1,458
28 315
28 492
6,594 ' 6, 669
2,376 ' 2, 389
3,349 ' 3, 356
2,272 ' 2, 286
10,637 10, 750
4,349 ' 4, 355 4,354
13,413 ' 13, 500 13, 605
10, 553
8,356 ' 8, 327
10, 730 T 10, 861
18, 750 ' 19, 009
4,450 ' 4, 343
6,512 ' 6, 491
30, 596 r 30, 677
r
4,328
8,323
10, 903
19,310
4, 276
6,549
30, 963
8,990
9,193 ' 9, 405
12, 801 ' 12, 830
4 286
4,248
9,614
12, 887
43, 377
22, 949
20, 428
41,779
21, 562
20,217
44, 802 r 45, 214
23, 117 '23,204
21, 685 ^22,010
45, 290
23, 270
22, 020
44 052
45, 845
43 408
43, 527
43 700
44 043
24. 244
3,817
1,881
2, 231
3. 647
3, 579
6. 860
2, 237
23, 027
23, 960
22, 329 '22,065
1,834
2, 275
1,737
2, 403
22, 072
3,315
1,495
22, 325
3,240
1,704
2,151
3,460
3,244
6,159
2,244
9
8,465
3,588
3,677
3,675
3,507
3,582
3,358
5,714
1,679
6, 540
2,410
21, 025
5, 799
15, 226
21,885
4,124
4,207
9,597
6,607
4,200
3,373
17,861
4 311
2,049
3,391
3,552
5,577
1,833
21,336
5,934
15,402
r
3,427
' 3, 013
'1,434
2,224 ' 2, 247
3,266 ' 3, 351
3,362 ' 3, 273
5,799 '5,911
2,291 ' 2, 207
1,805
21, 198 '21,635
15, 448 '15,811
4,059 ' 4, 148
9,348 ' 9, 529
5,756 ' 5, 760
3,610 ' 3, 830
3,307 ' 3, 293
17, 447 '17,140
-
21,718
5,871
15, 847
4,031
9,626
5,766
3,961
3,113
17, 546
5 952
15, 302
21,330
5,938
15,392
21,044
5,792
15,252
4,174
9, 205
9,373
4,149
4 418
3,219
18 345
3,221
18, 677
3,156
18, 246
4,184
9, 330
7,751
4,126
3,073
17,854
4 178
9,131
6, 584
4, 594
3,173
17 583
3,200
17,741
1 817
3 685
4 753
1,739
1,749
3,155
4,813
1,758
4,671
4,906
1 894
3 308
4 816
2,727
4,647
3,359
4,603
1,826
3,503
5,092
2,846
4,545
1, 698 ' 1, 748 1,689
3,330 ' 3, 235 3,329
4,242 ' 4,315 4,477
76, 602
72, 801
3,801
77, 300
73, 615
79,213
75,673
79, 537
76, 033
3 504
78, 753
75, 346
75,315
78, 630
78, 787
75, 485
78, 777 r 77, 959 77, 833
75, 536 ' 74, 795 74, 630
3,241 r 3 164 3,203
9,202
6,378
6,464
3,884
5,891
4,027
0 999
5 8"
15 177
9,260
5, 543
4,184
1,764
6,091
15, 794
1,786
4,175
9,344
5,192
3,851
3,177
17, 669
5,750
' 5, 824
3,299
2,907
4 845
72, 822
69, 018
3 804
69,410
3 869
74 705
70 883
3 82°
75 009
76, 310
76, 942
79,170
79, 923
79, 581
79, 917
78, 863
78, 455
r
71 308
7 312
3 749
5 866
72, 651
73, 286
75,591
7,372
76. 382
7 350
76, 170
7,125
75, 427
75, 131
r
3,813
3,698
76,415
6,909
3,305
6,144
12, 497
12, 394
32, 158
26, 505
74, 060 74, 037
' 5 771 5 579
' 2, 529 2,487
6,193
' 6, 119
r
12, 359 12, 342
r
12, 232 12, 247
'32 009 32, 192
'26 649 26 933
3,324
'3 230 3,199
73, 279
66, 068
79,917
72, 049
73, 297
76,415
68, 250
6 536
69, 609
7 042
6 909
3, 305
6, 221
2,603
4,877
2,477
14,465
4 788
62, 534
5 646
2,730
5,467
10,304
9,830
2,350
3,348
6,274
2,339
3,322
7,768
10,313
254° 179
289, 836
46, 879
24, 285
26. 743
42, 677
42, 269
79, 861
27, 503
6,534
2,366
3,297
14,856 14, 748 14, 724
2,638 ' 2, 642 2,709
4,770
4,910 ' 4, 859
2,376
2,519 ' 2, 425
22, 263 22, 643 22, 967 23, 140 23, 432
2,455 2,489 ' 2, 470 2,519
2,477
7,949 ' 7, 981 7,975
7,853 7,911
7,852 8,028 ' 8, 220 8,447
7,512
12, 972 13, 097 13, 256 13, 328 13, 459
2,045 2,047 ' 2, 101 2,110
2, 029
5,205
4,980
5,115 ' 5, 137
4,865
1,354
1 366
1 359
1 374
1 380
14, 802
97 3ig
7 609
10, 499
16, 330
4 117
6, 202
16,034
231,540
260, 732
27 296
6,361
7 573
10, 485
289, 836
252. 343
do
do
do
do
do
do
.do
do
27 168
10,579
ijO9 979
By industry group:
Durable goods industries, total 9
Primary metals
Blast furnaces, steel mills
Fabricated m> tal products
Machinery except electrical
Electrical machinery
Transportation equipment _.
Aircraft and parts
1,970
4 579
1 258
10, 615
4,126
12, 555
47, 664
26, 120
21, 544
542.179
1,906
4 442
1 265
10 506
44, 748
23, 969
20, 779
492, 272
260, 732
1,877
4 397
1 957
7,356
6,771
10 569
4 044
12' 340
4 664
1 776
1 3°3
10, 939
do
do.
do
12,119
7 221
6, 522
2,495
4,529
2,363
2,194
46, 401
25, 238
21, 163
10,701
New orders, net (not seas, adj.), total
Durable goods Industries, total .
Nondurable goods industries, total
11,902
20, 235
13, 997
2,171
4,819
1,829
1,364
7,304
11,339
do
do
20, 698
2,501
2,472
4,390
2,227
2, 131
4 741
1 804
1,345
7,099
11,063
Defense products
Machinery and equipment
2,438
14,309
2,486
4,673
2,452
20,949
2,452
7,489
6,847
12,310
13, 653
3,269
5, 740
11,169
10,909
25, 993
19 781
12,816
12,279
32, 350
26 056
28, 333
22 006
3,534
3, 502
3,799
3,588
5,847
11,468
11,061
7,374
3,816
5,954
11,820
11,567
3,685
7,244
3,686
5,952
3, 540
28, 646
99
110
11 318
29 434
99 997
30, 332
23, 420
30, 402
23, 649
5,856
12,524
12,056
32,119
25,274
3,688
3 701
3,659
3,656
3,579
11,757
12, 230
11,793
3,407
3,550
6,084
12,818
3,315
3,302
6,466
32, 590
5 673
12, 310
32, 078
25, 513
12, 279
32, 350
26, 056
2, 880
6,135
12, 716
12, 368
32, 046
26, 061
3, 541
3,411
3,502
3,436
5, 989
12.611
12.189
9
6,221
12,816
6,274
2,882
77, 290
77, 236
By market category:
2,230
2,219
2,154 ' 2 050 2,036
2,295
2,247
2,295
2,225
Home goods, apparel, consumer staples do
2,124
2, 230
2,341
2,313
2. 324
2,250
Equip, and defense prod incl auto
do
49 905 37 186 37 687 38 503 39, 198 39, 354 41,426 42, 9165 41,740 42, 205 41,479 41,297 '40 886 40 718
34 732
6,493
6,405
6,330
6,330
6,457
6,320
Construction materials and supplies
do
6 041
6, 74
6 493
6, 298
6 320
6 290
6,188
6 454
6 518
Other materials and supplies
do
23,171 28 989 26, 340 27 040 27 875 28, 487 28, 973 29,243 29. 160 29, 264 28, 989 28, 760 28, 547 '27 900 27, 964
Supplementary market categories:
1,704
1,720
1,644 ' 1 526 1 512
1,757
1,744
1,740
Consumer durables
do
1 601
1 678
1 736
1,744
1.780
1 819
1 704
Defense products
.
do
24,587
31 765 27, 239 97 316 28 269 28, 879 29, 184 31,033 31,453 31,316 31.765 31,735 32, 167 '32 268 32 548
Machinery and eauinmentdo
19.614 17. 273 17. 762 18. 142 18, 683 18, 986 19.333 19, 499 19. 602 19, 614 19, 545 . 19, 224 ' 18. 909 18. 852
16. 000
'Revised.
1 Advance estimate.
2 Data for total and components (incl. market
filled orders for other nondurable goods industries are zero.
^For these industries (food and
categories) are based on new orders not seasonally adjusted.
kindred products, tobacco products, apparel and related products, petroleum and coal products, chemicals and allied products, and rubber and plastics products) sales are considered
9 Includes data for items not shown separately.
©Includes textile mill products,
ucts.
p
leather and products, paper and allied products, and printing and publishing industries; unequal to new orders.
SURVEY OF CUEEENT BUSINESS
June 1 6
97
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966
Annual
S-7
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS^
New incorporations (50 States and Dist. Col.):
Unadjusted.
_ __
number
Seasonally adjusted©
_
do
INDUSTRIAL AND COMMERCIAL
FAILURES of
number
Failures, total
Commercial service
.
Construction
Manufacturing and mining
Retail trade
___
Wholesale trade
.
Liabilities (current), total
do
do
. . do
do
do
203 897
200 010
17 299
17 057
17 036
16 644
17 500
16 577
15 336
16 074
16 149
16343
14 528
15 764
15 241
16 233
13 982
16 206
16 467
16 583
18 714
16 703
15 225
15 987
19, 036
16, 244
16,511
16,760
13 514
13 061
1 106
997
1 077
1 017
1 249
1 042
1 150
1 112
1 055
1 191
1 216
1,216
1 160
1,100
1 299
1 368
2 510
1 852
6 076
1 255
121
206
154
509
116
108
210
121
459
99
100
212
157
511
97
94
186
144
492
101
112
276
191
567
103
123
195
159
470
95
138
213
154
542
103
127
214
145
526
100
111
219
157
454
114
113
223
171
558
126
152
236
160
555
113
128
227
190
557
114
125
238
149
519
129
119
193
157
515
116
69, 876 178,088 129, 162 108, 046 106, 732 161,481 108, 172 113, 450 119, 322 103,817
93, 370
2*513
2 097
6 250
1*355
thous. $.. 1,321,666 1,385,659 110, 141
Commercial service
Construction
Manufacturing and mining
Retail trade
.
Wholesale trade
do
do
do
do
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. .
248 523
290' 980
350 324
287 478
144' 361
153.3
185
326
352,
344
176
1
202
376
861
346
874
20 761
35 024
51.6
47.4
22,011
22 444
9,901
96, 376 123, 575
400
832
164
054
926
27 123
20 736
28, 330
32 528
14 858
45.8
49.4
26
23
20
17
8
4
18
19
18
459
233
230
757
9*197
52.3
38
33
43
30
32
358
193
497
488
552
60.8
14
24
50
23
15
435
513
411
928
875
8 230
24' 399
34 992
26 043
14 382
6 161
24' 523
33 768
27 343
14 937
56.6
57.2
11
67
29
38
14
10 086
38 928
29, 321
32 652
8 335
54.9
57.1
49.7
52.1
48.6
8 044
19 361
32 818
27 301
20 648
55.6
52.4
12
25
32
32
10
10 280
746
050
325
887
442
654
110
338
631
748
9
29
27
25
12
767
058
489
367
136
16,046
26,912
26 307
13,825
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products}
1910-14=100..
Crops9___
do
Commercial vegetables... ._ _
do
Cotton
do
Feed grains and hay
.
do
Food grains
do
Fruit..
do
Tobacco
do
Livestock and products 9
do
Dairy products
do
Meat animals
do
Poultry and eggs..
_ do
Prices paid:
All commodities and services
..
do
Family living items
do
Production items
_
do
All commodities and services, interest, taxes, and
wage rates (parity index)..
1910-14 = 100__
Parity ratio§
do
248
'234
245
174
164
'247
513
261
261
319
145
'266
235
'288
215
'181
185
'243
'553
292
293
356
'161
'266
'237
'299
'239
'175
'169
'253
547
291
'271
365
'162
263
239
'276
240
'177
174
'272
546
284
266
361
150
264
'240
'280
'248
'176
189
'261
546
'284
'268
'360
'148
'268
'246
'309
'251
182
204
'227
'553
'287
'287
'353
153
'271
'239
'286
179
188
199
'238
'564
'300
'304
'366
'163
270
'235
'268
179
190
198
'254
'567
'300
'320
'355
'167
266
233
'268
190
184
188
'273
'560
'293
'326
343
160
259
230
'293
185
183
189
'226
'557
284
'324
'324
163
'257
'229
'291
186
187
191
'205
'562
'281
'320
'323
158
255
'225
'288
168
186
187
'206
'556
281
311
330
152
252
223
'280
175
184
179
'199
561
'276
'306
328
142
250
224
'276
173
186
189
'199
'561
'272
'300
323
144
'245
'223
'305
173
183
185
'193
'558
'264
'291
319
130
252
221
276
167
183
188
197
558
279
288
351
126
288
306
276
298
315
285
296
314
283
296
'314
283
296
314
283
297
315
285
299
317
287
301
318
289
300
318
287
300
318
286
300
318
287
301
318
289
301
318
288
301
318
289
301
318
288
302
320
289
321
77
334
80
333
80
333
79
333
79
334
80
335
81
337
80
337
79
337
77
337
'76
340
75
339
74
340
74
341
72
342
74
114.7
114.7
114.8
115.0
115.3
114.3
115.2
109.9
112.7
102.8
97.3
114.0
107.6
125.9
129.2
114.2
110.7
116.1
114.2
113.3
116.8
111.7
118.9
108.7
111.1
108.3
107.0
111.9
113.8
111.8
130.0
121.8
133.6
114.1
118.6
114.6
115.4
110.0
112.9
102.9
97.2
115.9
107.8
126.3
129.5
114.2
110.0
115.7
115.2
113.3
116.6
111.8
118.6
108.7
111.1
108.3
107.3
112.6
114.2
112.2
130.5
122.2
134.6
114.4
118.9
114.8
115.9
110.2
113.0
103.4
97.0
118.8
108.4
126.6
130.0
113.7
109.0
115.7
114.2
113. 6
116.9
111.9
119.0
108.8
111.0
108.4
107.7
113.0
115.1
113.2
130.6
122. 6
135.1
114.9
119. 4
'262
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted indexes:
All items
._. 1957-59 = 100..
109.9 2 113. 1 2 112. 5
112.6
112.9
Special group indexes:
All items less shelter. ...
do
112.4
112.4
109.6
112.9
112.6
All items less food
do
110.4
112.2
112.5
112.8
113.0
Commodities
do
106.4
109.2
108.8
108.8
109.0
Nondurables
do
107.9
111.4
111.5
111.8
111.3
Durables?
do
102.6
102.3
102.5
102.7
102.6
New cars
do
97.4
99.0
97.2
97.0
96.8
Used cars
do
117.4
117.5
120.8
118.2
117.8
Commodities less food _
do
106.3
106.4
105.1
106.5
106.0
Services
do
121.5
121.1
117.8
122.3
122.0
Services less rent
do
124.1
123.6
120.0
124.8
125.0
Food9
do
114.0
113.5
114.2
113.9
108.8
Meats, poultry, and fish
do
113.9
114.1
115.6
114.2
105.1
Dairy products
do
109.3
105.0
108.9
109.6
111.8
Fruits and vegetables
do
119.2
115.2
117.6
121.7
119.8
Housing
do
110.3
108.5
111.1
110. 7
111.1
Shelter9
do
113.5
114.1
114.1
110.6
113.0
Rent
do
110.2
110.4
108.9
110.1
110.2
Homeownership
do
115.0
111.4
115.7
114.3
115.8
Fuel and utilities?
do
108.2
107.7
108.3
107.2
108.0
Fuel oil and coal
" " "do
108.5
105.6
108.3
108.0
107.0
Gas and electricity
_ _ do
108.2
108.3
108.1
107.8
108.1
Household furnishings and operation do
104.4
104.6
105.0
104.8
103.1
Apparel and upkeep
do
109.3
108.7
109.6
109.4
106.8
Transportation
do
112.7
112.0
112.0
111.1
112.2
Private
do
110.5
110.5
109.7
110.7
111.0
Public
._
do
122.1
122.1
121.4
125.8
122.8
Health and recreation 9
do
118.4
115.6
118.1
119.0
118.7
Medical care
do "
126.3
122.3
127.7
125.8
127.0
Personal care
do
111.6
112.2
112.0
109.9
112.2
Reading and recreation
do
117.1
116.8
115.2
116.8
117.0
Seasonally adjusted indexes-*
Food
do
114.3
114.0
114.0
Apparel and upkeep
do
109.4
108.8
109.5
Transportation..
do
112.3
112.0
112.3
r
Revised.
1 Based on unadjusted data.
2
Beginning with indexes for Jan. 1966, data for six additional areas (C incinnat i, Houst Dn,
Kansas City, Milwaukee, Minneapolis-St. Paul, and San Diego) hav > been iiicorporat ed
into the national CPI. These areas were "linked" into the CPI as of Dec. 196 5 and w 3re
first used in calculating the Dec. 1965- Jan. 1966 price change
^•Compiled by Dun <fe Bradstreet, Inc. (failures data are for 48 States and Dis t. Col.).
©Revised seasonally adjusted data for Jan. 1964-Nov. 1965 will be shown later
113.3
113.8
114.1
114.5
114.6
113.1
113.2
109.3
111.8
103.0
96.7
120.3
106.7
122.6
125.5
114.3
114.3
111.0
121.5
111.3
114.4
110.3
116.2
107.9
107.0
108.1
105.1
109.2
113.5
111.5
129.1
119.1
127.7
112.5
117.2
113.6
113.4
109.8
112.5
103.0
95.8
122.1
106.6
123.0
125.9
115.8
114.5
114.8
122.3
111.5
114.6
110.6
116.4
107.9
107.0
108.1
105.2
109.2
113.5
111.6
129.2
119.5
128.4
112.7
117.4
113.9
113.8
110.0
112.9
102.7
94.4
120.1
107.0
123.5
126.5
115.6
114.8
116.0
116.6
111.8
115.0
110.7
116.8
108.0
107.4
108.1
105.7
110.7
113.3
111.3
129.5
119.9
129.4
113.0
117.5
114.3
114.4
110.3
113.1
103.5
98.4
120.8
107.6
124.1
127.1
115.6
113.8
117.1
115.3
112.2
115.5
111.0
117.4
108.1
108.3
108.0
106.1
111.5
114.3
112.3
129.6
120.4
130.4
113.3
118.0
114.4
114.8
110.2
112.9
103.5
99.3
119.3
107.8
124.7
127.7
114.8
111.8
116.7
114.9
112.6
115.8
111.2
117.8
108.3
108.9
108.1
106.5
112.0
114.5
112.6
129.6
120.8
131.3
113.4
118.3
114.3
114.9
110.1
113.0
103.1
98.6
114.2
107.7
125.2
128.3
114.8
110.9
116.5
114.3
113.0
116.4
111.3
118.6
108.4
110.2
107.9
106.7
112.3
113.8
111.7
129.8
121.0
131.9
113.7
118.4
114.2
114.8
109.9
112.7
102.7
97.6
113.0
107.3
125.5
128.8
114.7
110.3
116.4
115.3
113.1
116.5
111.4
118.7
108.6
110.5
108.3
106.7
111.3
113.4
111.4
129.8
121.4
132.9
113.8
118.5
113.2
115.5
115.8
115.3
115.3
115.3
114.9
114.0
114.3
113.9
109.6
109.6
110.5
110.8
111.3
111.7
111.9
113. 1
112.3
112.9
113.4
114.1
113.5
113.5
114.0
113.3
113.2
114.5
115.3
114.3
tReTvisions for Jan. 1963-Mar. 1966 (bac k to Jan 1959 for all farm ]products crops, a nd feed
grains and hay ) are available up on requeSt.
§Ra1 io of pri ces recei ved to p "ices paki (parity index),
9Inc ludes da ta for it iins not
shown separate y.
*1SJewserie 5. Begirining wit h indexe s for Jan. 1966, sea,sonally a djusted
indexe s for sele(}ted grou ps and siibgroups of the C PI were publishe d by the Dept. of Labor.
Additi onal information and a de scription of the B LS Seas<mal Fac tor Meth od are a Bailable
from t le Bureau of Lab or Statist ics, U.S. Dept. ol Labor, Washing ton, D.C . 20212.
June 1967
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966 P
Annual
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May v
COMMODITY PRICES—Continued
WHOLESALE PRICEScTt
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1957-59=100..
9 Foodstuffs _ _
_
do
13 Raw industrials
._ do
By stage of processing:
Crude materials for further processing
Intermediate materials supplies etc
Finished goods O
By durability of product:
Durable goods
Nondurable goods
Total manufactures
Durable manufactures
Nondurable manufactures
1 109. 5
1
101.9
U15.2
112.5
100.8
121.5
110.7
100.4
118.3
111.4
102.0
118.4
113.1
105.3
118.8
110.6
109.1
111.7
107.3
105.1
108.9
103.7
100.1
106.3
102.6
98.1
105.9
102.8
98.6
105.8
102.9
97.5
106.8
102.0
97.5
105.2
100.0
96.3
102.5
98.1
95.3
100.1
98.9
98.1
99.5
do
All commodities J
i 104. 7
191.9
1 114. 6
102.5
105.9
105.5
105.6
105.7
106.4
106.8
106.8
106.2
105.9
105. 9
106.2
106.0
105.7
105.3
105.8
do
do
do
98.9
102.2
103.6
105.3
104.8
106.9
106.3
104.3
106.3
105.7
104.8
106.2
105.6
104.9
106.4
107.8
105.4
107.0
107.4
105.8
107.5
106.1
105.6
108.1
103.6
105.3
107.8
101.1
105.3
107.8
100.8
105.4
107.6
101.9
105.6
107.7
100.8
105.5
107.6
99.7
105.5
107.2
98.0
105.5
107.0
do
do
do
do
do
103.7
101.5
102.8
103.7
101.9
106.0
105.6
105.7
106.0
105.3
105.7
105.1
105.1
105.6
104.6
106.1
105.0
105.5
106.1
104.8
106.2
105.2
105.6
106.1
105.1
106.2
106.4
106.0
106.1
105.8
106.2
107.0
106.4
106.3
106.5
106.2
107.1
106.4
106.3
106.5
106.6
105.8
106.3
106.7
105.8
106.9
105.1
106.2
107.0
105.3
107.1
104.9
106.2
107.2
105.2
107.4
105.2
106.4
107.5
105.3
107.6
104.7
106.4
107.7
105.1
107.6
104.2
106.3
107.7
104.8
107.6
103.7
106.2
107.8
104.6
do
102.1
108.9
108.7
107.9
107.7
109.9
111.3
111.5
108.8
107.1
106.7
107.0
105.7
104.6
103.4
Farm products 9 __
do
Fruits and vegetables, fresh and dried-do
Grains
do
Live poultry*
do
Livestock*
do
98.4
101.8
89.6
87.2
100.5
105.6
102.5
97.3
91.4
110.0
106.4
111.0
91.2
95.1
114.7
104.5
103.3
93.6
101.3
111.5
104.2
99.7
94.9
95.6
110.1
107.8
107.0
103.1
94.2
108.7
108.1
97.7
105.6
89.8
112.0
108.7
110.4
104.6
c87.5
109.2
104.4
97.9
98.9
83.1
106.5
102.5
104.2
98.0
85.1
98.4
101.8
101.3
101.5
77.2
97.9
102.6
101.8
100.7
88.1
101.4
101.0
104.5
95.8
97.1
99.5
99.6
98.4
99.9
90.8
97.4
97.6
99.6
98.3
89.0
94.0
Foods and feeds, processed 9*. _ . _ _
Beverages and beverage materials*
Cereal and bakery products
Dairy products
Fruits and vegetables, processed©
M[eats poultry and
fish
do ..
do
do
do
do
do
106.7
105.7
109.0
108.5
102.1
101.0
113.0
105.8
115.4
118.5
104.8
110.2
111.5
105.7
112.6
114.8
104.8
110.9
111.8
105.7
113.0
114.9
105.4
110.9
112.0
106.1
114.0
116.5
104.9
109.9
113.8
106.3
115.5
119.8
104.5
110.0
115.7
106.4
118.9
124.0
102.3
111.1
115.5
105.6
118.9
124.2
103.7
112.2
113.9
105.6
118.7
124.5
105.7
108.1
112.6
105.6
118.7
122.6
105.9
104.2
112.8
105.8
118.0
122.3
105.8
104.4
112.8
105.8
117.6
121.8
105.9
105.4
111.7
105.9
117.3
121.2
104.3
104.7
110.6
105.6
117.5
120.7
104.2
101.7
do
102.5
104.7
104.3
104.7
104.9
105.2
105.2
105.2
105.3
105.5
105.5
105.8
106.0
106.0
106.0
98.5
105.4
96.9
94.2
89.1
108.7
98.5
105.9
97.0
94.4
81.5
108.8
98.8
105.2
97.6
94.0
85.3
108.8
Farm prod., processed foods and feeds 1f
Industrial commodities §
' 110.0
100.5
110.7
105.9
117.2
120.1
104.3
100.6
97.4
101.8
95.0
94.4
112.7
105.4
97.8
102.8
95.7
94.5
102.8
106.8
97.6
103.3
95.6
94.1
104.0
106.2
97.7
103.6
96.0
94.1
102.5
106.2
97.6
102.9
95.8
94.3
101.6
106.8
97.9
102.6
95.9
94.5
1C5.3
106.8
97.9
101.9
95.8
94.7
105.5
106.8
98.0
102.2
95.8
94.8
103.8
106.8
97.9
102.8
95.9
95.0
94.5
107.3
98.0
103.3
96.0
95.0
91.6
107.8
98.2
103.1
96.4
94.7
95.1
108.5
98.4
104.2
96.6
94.7
92.3
108.7
Fuels and related prod., and power 9
do
Coal
- _-do
Electric power
Jan. 1958=100.Gas fuels
do
Petroleum products, refined
1957-59=100--
98.9
96.5
100.8
124.1
95.9
101.3
98.6
100.3
129.3
99.5
100.0
94.9
100.3
129.2
97.7
100.4
96.9
100.2
128.3
98.4
101.5
97.2
100.2
128.5
100.2
101.4
97.6
100.3
128.3
99.9
102.0
98.5
100.3
128.9
100.7
102.2
99.6
100.3
129.2
101.0
102.6
100.6
100.2
130.7
101.3
102.7
101.9
100.3
130.6
101.3
102.4
102.4
100.8
132.0
100.2
102.6
102.3
100.6
134.6
100.3
103.4
102.3
100.6
134.5
101.9
103.7
102.2
100.6
134. 6
102.4
103.3
102.7
100.6
134.8
101.7
Furniture and household durables 9
Appliances household
Furniture household
do
do
do
98.0
89.2
106.2
85.2
99.1
89.1
109.1
83.6
98.6
89.3
108.3
83.5
98.9
89.4
108.9
83.5
98.9
89.4
108.9
83.5
99.0
89.1
109.1
83.5
99.1
88.8
109.4
83.1
99.2
88.7
109.8
83.3
99.7
88.9
110.3
83.8
100.3
89.2
111.5
83.8.
100.4
89.2
111.8
83.8
100.4
89.6
111.9
83.6
100.4
89.7
112.0
83.5
100.6
89.8
112.4
83.3
100.6
89.8
112.4
83.3
Hides, skins, and leather products 9
Footwear
Hides and skins
Leather
Lumber and wood products
Lumber
do
do. __
do
do
do
do
109.2
110.7
111.2
108.1
101.1
101.9
119.7
118.2
140.8
121.1
105.6
108.5
120.6
118.2
148.8
122.4
108.4
110.8
122.8
118.9
163.0
125.1
109.6
113.2
122.9
118.9
161.0
126.6
107.7
112.0
122. 7
121.2
119.0 • 119.1
141.2
156.4
124.9
126.0
106.2
106.6
110.2
110.5
119.9
119.1
134.2
121.8
105.9
109.5
118.7
120.1
120.8
117.5
104.8
108.0
117.5
120.1
114.3
114.1
103.0
105.6
117.3
120.3
109.2
116.2
102.5
104. 5
117.9
120.9
110.1
116.9
102.6
104.5
118.0
121.6
107.8
116.3
103.6
105.4
117.0
121.7
99.6
114.6
103.6
106.0
116.0
121.5
91.3
112.9
104.1
106.6
Machinery and equipment 9 *
Agricultural machinery and equip
Construction machinery and equip
do
do
do
105.0
115.1
115.3
96.8
113.6
108.2
118.5
118.9
99.0
118.8
107.2
118.1
118.5
98.4
116.8
107.8
118.2
118.9
98.9
118.0
108.1
118.4
118.9
98.8
119.0
108.3
118.5
118.9
99.0
119.0
108.5
118.3
118.9
99.1
119.5
108.9
118.2
119.4
99.2
120.5
109.4
118.5
119.8
99.5
121.1
110.2
120.4
120.6
100.7
121.5
110.7
120.8
121.0
101.5
121.8
111.1
121.5
121.3
101.9
121.9
111. 2
121.7
121.4
101.8
122.2
111.5
121.9
121.5
102.2
122.6
111.6
121.8
121.8
102. 3
122.9
do
do _._
do
do
105.7
91.7
101.4
115.2
108.3
92.5
102.3
120.9
108.2
92.1
102.0
122.1
108.4
92.1
101.8
122.5
108.7
92.5
102.0
123.2
108.8
92.9
102.2
122.9
108.5
92.5
102.7
120.4
108.4
92.9
102.5
119.9
108.6
93.3
102.5
120.3
109.0
93.4
102.8
121.0
109.0
93.4
102.9
120.5
109.4
92.6
103.0
121.8
109.6
92.3
103.2
122.3
109.4
92.2
103.3
121.1
109.1
92.0
103.2
120.0
Nonmetallic mineral products 9
do
Clay prod., structural, excl. refractories*
do._Concrete products
_
do
Gypsum products
do
Pulp paper and allied products
do
Paper
do...
Rubber and products
.do...
Tires and tubes
do
101.7
102.6
102.3
102.4
102.5
102.7
102.7
103.0
103.2
103.3
103.3
103.6
103.7
103.8
103.9
106.6
101.5
104.0
99.9
104.1
92.9
90.0
108.4
103.0
102.4
102.6
107.3
94.8
93.3
108.1
102.7
101.4
102.3
106.0
95.4
94.4
108.1
102.7
102.2
102.7
107.1
95.4
94.4
108.4
103.0
102.7
103.0
108.0
95.4
94.4
108.5
103.1
102.7
103.2
108.2
95.1
93.9
108.7
103.3
102.7
103.2
108.4
95.1
93.9
108.7
103.6
102.7
103.1
108.4
94.7
93.4
108.8
103.5
102.7
103.1
108.4
94.6
93.4
109.3
103.5
103.5
103.0
108.5
95.0
93.9
109.1
103. 9
103.5
103. 0
108.5
95.0
93.9
109.3
103.9
103.5
103.1
108.5
95.6
94.9
109.3
104.4
103.5
103.3
108.5
95.8
94.9
109. 3
104.5
102.3
103.6
108.5
95.9
94.9
109.4
104.6
102.3
103.9
109.3
95.9
94.0
Textile products and apparel 9 .
Apparel
Cotton products
Manmade fiber textile products
Silk yarns
Wool products
do
do
do. .
do_ _ _
do
do
101.8
103.7
100.2
95.0
134.3
104.3
102.1
105.0
102.5
89.5
153.6
106.0
102.2
104.7
102.3
90.5
151.6
106.3
102.2
104.9
102.6
89.9
140.9
106.4
102.2
104.8
102.8
90.0
143.8
106.5
102.4
105.0
103.0
90.1
152.1
106.7
102.4
105.2
103.3
89.6
156.7
106.6
102.2
105.1
103.1
88.6
158.6
106.1
102.2
105. 3
103.3
88.1
161.1
105.6
102.1
105. 5
103.0
87.7
161.1
105.1
101.8
105.4
102.7
86.9
163.2
104.8
102.0
105.7
102.5
87.1
166.1
104.7
102.0
105.9
101.8
87.1
164.1
104.7
101.8
106.0
101.3
86.9
164.1
104.0
101.8
106.2
100.8
86.8
164.5
102.9
do
do
do
do-_.
do__.
100.7
104.8
102.7
106.2
100. 8
106.8
104.1
109.6
100.2
106.7
103.7
110.2
100.9
106.8
103.7
110.3
100.7
106.9
103.7
110.3
100.7
107.1
104.5
110.3
100.5
107.1
104.9
110.3
100.1
107.1
104.8
110.3
101.7
107.2
105.0
110.3
101.7
107. 4
104.8
110.2
101.7
107.5
104.8
110.3
101.6
107.9
105.2
110.3
101.6
108.0
105.3
110.3
101.6
107.7
104.0
110.3
101.6
108.0
105.2
110.3
$0. 976
.910
$0.945
.884
$0. 948
.889
$0. 947
.888
$0. 946
.886
$0. 940
.883
$0. 936
.879
$0. 936
.876
$0. 942
.873
$0. 944
.873
$0. 944
.872
$0. 942
.872
$0. 943
.871
$0. 946
.870
$0. 950
.867
106.0
Chemicals and allied products 9
do
Chemicals industrial
Drugs and Pharmaceuticals
Fats and oils inedible
Prepared paint
do
do
do
do
Metalworking machinery and equip.*. -do
M^etals and metal products 9
Heating equipment..
Iron and steel
Nonferrous metals
Transportation equipment 9 *
Motor vehicles and equipment
Miscellaneous products 9 *
Toys, sporting goods, etc
Tobacco products*
_-_
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
_ _ _
1957-59 =$1.00.
_
__do
r
Revised.
* Preliminary.
1 Computed by QBE.
d^For actual wholesale prices
of individual commodities, see respective commodities.
{Beginning Jan. 1967, indexes
incorporate revised weighting structure reflecting 1963 values of shipments; details regarding
weight revision as well as changes in classification structure are available from the Bureau
of Labor Statistics, U.S. Dept. of Labor, Wash., D.C. 20212.
©Goods to users, incl. raw
$0. 945
foods and fuels.
IfFormerly "farm prod, and processed foods."
9 Includes items not
shown separately.
*New series; data prior to Feb. 1966 (where available) may be obtained
from BLS.
eFormerly "canned and frozen fruits and vegetables."
formerly
"commod. other than farm prod, and foods."
AFormerly "television, radio receivers,
c
and phonographs."
Corrected.
SURVEY OF CURRENT BUSINESS
June 196T
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Apr.
Annual
S-9
May
June
July
Aug.
1967
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE f
New construction (unadjusted), total..
mil. $..
71, 930
74, 369
6,228
6,579
7,044
6,955
6,915
6,847
6,586
6,204
5,562
4,857
4,421
' 5, 122
5,726
Private, total 9
. d o
Residential (nonfarm)
.do
New housing units
do
Nonresidential buildings, except farm and public utilities, total 9
mil. $..
Industrial
do
Commercial
.do
Farm construction
do
Public utilities
do_._.
49,999
26, 689
20, 765
50, 623
24, 633
18, 773
4,308
2,191
1,620
4,497
2,367
1,734
4,789
2,534
1,848
4,652
2,412
1,846
4,647
2,266
1,754
4,547
2,135
1,650
4,302
1,968
1,507
4,140
1,795
1,356
3,840
1,622
1,217
3,307
1,379
1,033
3,061
1,244
947
'3,404
' 1, 503
' 1, 084
3,798
1,801
1,240
16, 521
5,086
6,704
1,195
5,178
18, 734
6,779
6,887
1,546
565
550
1,533
557
537
1,621
612
573
1,612
616
585
1,722
631
639
1,759
621
653
1,670
587
635
1,672
609
624
1,579
575
600
1,404
492
529
1,327
482
490
'1,357
'473
'512
1,429
463
544
Public, total 9
. d o
21, 931
23, 746
1,920
2,082
2,255
2,303
2,268
2,300
2,284
2,064
1,722
1,550
1,360
1,718
1,928
do
do
do
do
7,716
464
883
7,547
770
712
42
66
657
745
44
56
769
802
48
74
867
779
50
64
962
765
52
70
926
789
58
75
874
803
62
65
833
754
56
65
694
60
48
45
45
...
Buildings (excluding military)
Residential..
Military facilities
Highways and streets
New construction (seasonally adjusted at annual
rates), total
bil. $
Private, total 9
78.6
76.1
74.8
72.5
72.2
73.8
71.0
71.4
71.3
72.9
73.4
'73.1
71.9
54.3
52.3
52.1
50.1
49.7
49.7
46.8
46.8
46.9
48.3
49.0
'48.4
47.6
27.4
27.0
26.2
25.1
23.9
23.1
22.0
20.8
20.5
20.7
21.2
21.8
22.2
19.6
7.2
7.1
18.2
6.9
6.1
18.7
7.5
6.3
17.9
7.2
6.3
18.5
7.2
6.5
19.3
6.9
7.1
17.6
6.2
6.6
18.5
6.4
7.1
18.9
6.2
7.5
20.3
6.7
8.1
20.3
7.1
7.9
'19.2
'6.5
'7.4
18.1
5.9
7.0
24 2
23.9
22.7
22.4
22.5
24.0
24.3
24.6
24.4
24.7
24.4
24.7
24.3
8.5
.6
.9
8.8
8.5
.6
.6
8.8
8.3
.6
.7
8.3
8.2
.5
.8
8.2
8.3
.6
.7
8.1
9.0
.6
.8
8.2
9.2
.6
9.4
.6
8.1
8.0
5,098
5,132
4,854
4,797
4,323
4,103
4,106
3,461
3,189
2,838
3,300
4,424
4,389
161
156
147
147
139
146
139
130
133
126
143
149
138
18, 152
31, 998
1,574
3,524
1,902
3,230
1,937
2,916
2,020
2,778
1,568
2,754
1,379
2,724
1,607
2,499
1,357
2,104
1,287
1,903
1,113
1,725
1,188
2,112
1,509
2,916
1,498
2,891
19, 393
17, 827
12, 930
1,883
2,081
1,134
1,826
1,970
1,335
1,885
1,828
1,140
1,813
1,484
1,499
1,729
1,515
1,079
1,676
1,280
1,146
1,796
1,225
1,086
1,424
1,076
961
1,358
903
928
1,175
937
726
1,430
1,056
814
1,714
1,584
1,127
1,830
1,627
931
52,112
3,686
3,578
4,902
2,362
3,807
5,937
4,533
4,434
6,940
4,940
5,401
' 4, 781
3,359
4,293
' 116. 7
80.1
' 114. 5
135.1
.-do
Residential (nonfarm)
do
Nonresidential buildings, except farm and public utilities, total 9
bil. $..
Industrial
do
Commercial
._
_ _ .do
Farm construction
do
Public utilities
do....
Public, total 9
do
Buildings (excluding military)
Residential
do _
do
Highways and streets
do. „
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.):
Valuation, total
mil. $ * 49, 272 150,150
2
Index (mo. data seas, adj.)
1957-59= 100. . 2 143
145
Public ownership
__
_
mil. $
16, 209
Private ownership
do __ 33, 064
By type of building:
Nonresidential
do_.
17, 219
Residential
do
21, 248
Non-building construction .
do
10, 805
New construction planning
(Engineering: News-Record) §
do
45, 625
Concrete pavement awards:
Total
_
thous. sq. yds
125, 580
Airports
do
4,410
86, 779
29, 016
5,376
thous.. 1, 542. 7
do
963.5
do
1, 505. 0
Streets and alleys
Miscellaneous
119, 108
4,187
87, 834
23, 643
3,443
1,251.9
794.7
1,220.2
149.2
95.4
147.1
139.3
88.1
135.4
130.7
83.8
127.5
104.8
71.4
104.0
107.3
71.2
105.4
95.2
62.6
92.4
82.8
55.2
80.2
77.6
50.9
75.3
65.7
40.3
63.6
67.7
40.7
'65.0
65.9
'40.3
64.1
'97.0
'65.2
'95.5
1, 228. 6
850.7
1,196.9
146.9
106.8
144.8
136.1
91.7
132.2
128.3
87.5
125.1
103.1
69.6
102.3
105.2
71.8
103.3
93.0
63.9
90.2
80.6
53.7
78.1
76.2
50.6
73.9
64.4
46.8
62.3
66.3
47.8
63.7
64.7
'47.4
62.9
'94.7 ' 115. 0
134.9
'64.7
78.1
' 93. 2 ' 112. 8 ~~132.Y
1,502
1,481
1,318
1,287
1,285
1,261
1,088
1,068
1,107
1,084
1,075
1,050
848
826
1,012
993
1,089
1,066
1,297
1,266
1,163
1,147
' 1, 167
' 1, 140
' 1,173
'1,156
1,310
1,286
1,185
660
1,098
596
954
574
921
543
844
491
733
450
714
434
715
441
759
477
942
549
894
551
928
558
'1,028
'578
1,046
601
do
do
34, 119
1,419
23, 814
8,027
859
359,306
3
2, 255
3
42, 723
312,455
3
1,873
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, incl. farm (private and public)
One-family structures. ...
Privately owned
Total nonfarm (private and public) . .
In metropolitan areas
Privately owned
do
do
do
1, 520. 4
1, 067. 5
1, 482. 7
Seasonally adjusted at annual rates:
Total, including farm (private only) . . do
Total nonfarm (private only)
do
New private housing units authorized by bldg. permits (12,000 permit-issuing places) :
Seasonally adjusted at annual rates:
Total
thous
One-family structures. __ . _
do
1,241
710
966
566
137.2
CONSTRUCTION COST INDEXES
Dept. of Commerce composite
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York...
San Francisco..
St. Louis
1957-59= 100. .
116
121
119
120
121
122
122
122
122
123
123
123
123
123
123
1913 = 100__
do
do
do
do
824
904
925
814
808
867
941
963
867
852
854
926
954
852
836
858
927
954
852
853
863
927
954
852
853
877
950
969
887
863
881
952
971
888
863
883
953
980
890
864
884
969
980
890
864
885
970
979
886
878
887
970
979
884
879
889
970
992
890
883
891
970
997
890
883
891
970
997
890
883
891
972
997
890
882
128
128
128
128
129
129
129
129
129
129
Associated General Contractors (building only)
1957-59=100..
127
123
127
125
126
2
' Revised.
1 Annual total includes revisions notdistribut ed to morj ths.
Compu ted
3
from cumulative valuation total.
Data cover 6 n lonths.
f Revised series. Monthly data for 1962-34 appear c n p. 40 of the May 1966 SUR VEY.
130
9 Incl udes dat a not she wn sepa rately.
§Datsi for Jun 3, Sept., and Dec . 1966 an d Mar. 1()67 are fc r 5 week s; other rLionths,4 weeks.
SURVEY OF CURRENT BUSINESS
S-10
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1967
1966
1966
Annual
June 1967
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES-Con.
E. II. Boeckh and Associates, Inc.: f
Average, 20 cities:
All tvpes combined
1957-59 — 100
Apartments, hotels, office buildings
do
Commercial and factory buildings
do
Residences
do
Engineering News-Record:
Building
do
Construction
do
Bu. of Public Roads— Highway construction:
Composite (avg. for year or qtr.)
1957-59 — 100
117.2
118.5
117.2
115.2
122 1
123.2
122.2
r 120 0
120 3
121.4
120.3
118 7
121 2
122.3
121.1
119 4
121 9
123.1
121.9
120.1
122 8
124.1
122.9
120 9
123 1
124.3
123.2
121 0
123 3
124.5
123.4
121 2
124.0
125.1
124.2
121.8
124.7
125.6
125.0
122.2
125.1
125.9
125.5
122.6
125.3
126.2
125.7
122.9
125.4
126.3
125.8
123.0
125.5
126.3
125.8
123.1
125.8
126.6
126.1
123.3
118 9
127.8
123 8
134 3
123.1
132.4
123.7
133.4
124 5
135.4
124.6
136.1
125.0
136.5
125 2
136.5
125.0
136.3
125.0
136.4
124.9
136.5
125.2
137.3
125.5
137.5
125.9
137.8
125.9
137.8
i 127. 2
1 139. 9
105.7
113 0
156 3
157 6
168 4
165 4
175 9
164 2
180 5
168 5
160 °
166 9
175 8
160 0
165 1
158 7
156 8
139.0
139.5
146.4
124.5
144.9
161.1
155 3
186 2
169 0
155 0
189 8
189.0
167 8
184 7
187.5
168 8
211 3
196.4
166 5
250 6
175.3
142 7
226.7
185.3
166 3
258.3
171.5
158 1
233.3
162.8
150 1
234.2
152.1
135.3
174.7
138.0
129 1
125.9
143.3
132.7
110.4
188.9
153.0
102.1
99.2
16.0
168
10.1
111
12.8
133
9.4
98
13.0
127
8.8
90
10.6
124
8.5
99
11.6
119
10.4
106
13.0
151
8.9
104
9.9
122
9.1
119
8.7
135
7.0
103
12.5
203
6.6
104
515.71
131.82
497. 79
166. 66
557. 09
205. 32
504.84
219. 04
546. 13
287. 43
515.89
257. 14
415.68
270. 88
368. 53
247. 50
6,516
6, 704
6,783
7,342
7,226
7,175
7,249
113.7
113.2
112.8
115.6
CONSTRUCTION MATERIALS
Output index:
Composite unadjusted 9
Seasonally adjusted
1947-49 — 100
do
Iron and steel products, unadjusted-.. _ do. .Portland cement, unadjusted
do
137.1
102.5
171.1
165.0
148.1
10.1
157
7.1
107
10.7
135
7.7
104
16.6
152
10.3
103
14.8
162
11.0
125
16.0
160
10.9
108
327. 27
225. 63
379. 30
213. 88
301.12
168. 52
388. 16
195.36
358. 98
184. 12
406. 92
7,084
6,935
6,340
5,800
5,175
4,782
4,421
1,347
* 1,339
1,725
r
306
r
571
r
-312
'586
r
441
409
772
544
r 132.
4
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units. .
Seasonally adjusted annual rates}
do
Requests for V A appraisals
do
Seasonally adjusted annual rates J
do -
Home mortgages insured or guaranteed byFed. IIous. Adm.: Face amount- _ mil. $. 7, 464. 59 6 095 32
2, 652. 23 2, 600. 53
Vet. Adm.: Face amount§
do
Federal Home Loan Banks, outstanding advances
5,997
to member institutions, end of period
mil. $_.
6,935
New mortgage loans of all savings and loan associations estimated total
mil $
By purpose of loan:
Home construction
.
do _
Home purchase
.._ -_ do
All other purposes
do
N on farm foreclosures
Fire losses (on bldgs., contents, etc.)
r
23 847
16 729
1 888
1,696
1,629
1,234
1,314
1,119
947
866
936
788
950
5,922
10, 697
7, 228
3 604
7 748
5 377
430
798
660
390
773
533
340
823
466
266
643
325
272
722
320
241
572
306
208
473
266
184
423
259
189
423
324
165
365
258
205
420
325
116 664
117 473
9 765
10 197
10 844
9 731
9 959
9,615
9,676
9,713
9,208
10,211
8,701
10, 584
mil. $_. 1,455.63 1, 496. 76 123. 59
117.47
123. 99
124. 71
123. 84
118.71
121.75
115. 63
142.21
159. 74
155. 08
149. 66
160
130
165
132
77
113
•>27
151
136
157
119
80
125
206
155
128
167
124
95
114
210
150
128
168
110
116
93
201
number
470
142.86
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adj.:^
Combined index
1957 59—100
Business papers
do
IVIagazines
do
Newspapers
do
Outdoor
do
Radio (network)
do
Television advertising:
Network (major national networks) :
Net time costs total
Automotive incl accessories
Drugs and toiletries
136
121
147
108
92
109
175
148
128
159
119
91
118
194
140
128
151
109
83
131
180
144
132
150
120
99
124
181
148
126
162
120
84
118
195
144
125
155
114
84
109
193
152
129
163
126
97
90
200
1 260 3 1 411 3
99 1
106 7
409 2
429 8
234 8
274 0
112 0
131 5
145.4
161 4
959 s
308 0
Soaps cleansers etc
do
Smoking materials
do
All other
do
Spot (natl. and regional, cooperating stations):
Gross time costs, total
mil. $.. 1, 075. 5
Automotive, incl. accessories
do
38.9
207.4
Drugs and toiletries
do
Foods soft drinks confectionery
do
377 7
Soaps cleansers etc
do
100 4
Smoking materials
do
48 7
All other
do
302 4
308 8
21.3
91 7
69 0
31 5
32.5
69 9
301.5
21.4
93.9
59 7
34.5
35.3
56.8
1,189.3
54.1
219.4
414 2
103 3
51 0
347 3
313.7
16. 1
53.6
108 1
26.8
12 9
96 8
270.6
11.4
50.7
89 9
26.9
12 6
79.1
314.8
13.7
58.1
108.4
23.2
13.5
97.8
Magazine advertising (general and natl. farm magazines) :
Cost, total..
mil. $-. 1,076.9
64.8
Apparel and accessories
do
111.7
Automotive , incl. accessories
do
30.4
Building materials.. _ .
...
do. _.
115.9
Drugs and toiletries
...do
133.9
Foods, soft drinks, confectionery
do
1,166.7
68.1
123.5
34.5
134.4
125.4
403.3
29.6
122.8
87.0
37.7
48.3
77.9
446.5
39.9
128.0
80.0
35.3
52.5
110.8
m^l $
do
do
112.4
9.2
12.5
4.7
11.1
10.9
110.4
6.7
11.8
3.9
12.0
10.6
93.0
2e
9^2
3.4
12.7
10.8
71.8
1.0
6.9
2.1
9.3
9.8
106.4
6.8
10.9
3.8
11.5
11.0
110.9
8.3
10.2
4.2
13.0
8.6
79.2
69.3
6.0
8.9
71.5
80.1
4.2
53.3
50.5
1.7
21.7
17.6
41.6
3.0
39.6
40.2
365.6
411.0
'Revised.
1 Index as of June 1, 1967: Building, 128.1; construction, 141.1.
^Copyrighted data; see last paragraph of headnote, p. S-l.
9 Includes data for items not shown separately.
7.0
10.0
4.8
1.6
3.5
38.5
6.3
7.5
4.6
.9
3.4
31.9
8.4
6.8
14.1
3.0
11.0
5.1
3.6
6.3
5.1
6.5
11.1
8.5
3.5
7.9
5.0
2.8
4.0
3.1
5.5
5.9
4.5
5.6
4.0
4.1
4.0
5.1
4.5
• 1.7
2.3
1.4
2.5
1.7
.9
1.8
1.1
1.2
3.9
3.1
3.4
4.5
4.5
2.5
3. 6
3.1
2.8
38.2
41.3
43.9
33.9
37.8
34.7
29.7
22.9
25.0
IRevised seasonally adjusted data for 1958-64 will be shown later.
§Data include guaranteed direct loans sold.
cf Revisions for Jan. 1964-Feb. 1966 will be shown later.
6.6
8.6
5.9
2.5
3.1
39.9
Beer, wine, liquors
do
Household equip., supplies, furnishings.. do
Industrial materials..
. .
do
Soaps, cleansers, etc
do
Smoking materials
_
do All other
.do
67.4
7.0
5.0
1.8
8.8
7.3
108.1
11.7
8.9
3.6
11.2
10.2
125.9
7.6
16.3
3.7
13.9
12.1
126.1 " 101.5
6.0
4.0
7.8
13.5
1.4
2.7
13.8
15.2
12.8
10.3
68.4
1.7
7.0
1.4
8.0
7.1
89.9
4.1
10.1
2.0
11.6
10.4
SURVEY OF CURRENT BUSINESS
June 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
S-ll
1967
1966
| 1966
Annual
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
233.6
66.4
167.2
12.3
4.7
22 7
127.' 5
Mar.
Apr.
May
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities) :
Total
mil.
Classified
Display, total__ . _ __ __
_ _
Automotive
Financial
_ ._
General. _ _
_
.. _ .
Retail.
_
lines.. 3, 164. 6
do
865.6
do
2, 298. 9
do
170.4
do
63.4
do
288.5
do .. 1,776.7
3, 354. 3
924.3
2, 430. 0
182.9
73.2
310.3
1,863.6
282.4
81.6
200.8
16.0
6.6
27.2
151.0
308.9
87.0
221.8
18.7
5.5
31.5
166.2
289.1
80.9
208.3
18.4
6.7
27.8
155.4
254.9
80.3
174.6
14.6
7.4
18.9
133.7
273.0
81.6
191.4
14.8
4.6
20.1
151.9
288. 8
77.3
211.5
18. 2
5.5
30.6
157. 2
308.7
81.4
227.2
16.7
7.1
31.5
171.9
305.4
70.4
235.0
14.2
5.8
32. 6
182.4
289.7
61.1
228. 6
9.2
5.7
23.1
190.6
241.1
71.1
170.0
11.6
7.9
20.5
129.9
278.3
74.1
204.3
14.3
5.6
25.5
158.9
294.3
80.2
214.1
15.6
5.8
28.9
163.8
RETAIL TRADE
All retail stores: t
Estimated sales (unadj.), total t
mil. $
283,852
303, 672
25, 477
24, 763
25, 950
25, 329
25, 348
24, 864
25,923
26, 158
31, 804
22, 567
do
do
do
do
93, 718
56, 266
53, 217
3,049
97, 812
57, 414
53, 875
3,539
8,372
5,138
4,848
290
8,069
4,787
4,499
288
8,776
5,233
4,904
329
8,162
4, 755
4,424
331
8,234
4,677
4,365
312
7,659
4,095
3,799
296
8,625
5,096
4,789
307
8,410
4,899
4,587
312
8,916
4,638
4,236
402
7,018
4,197
3,963
234
6,801
4,010
3,787
223
r 8, 234
'4,989
'4,711
-278
' 8, 235
' 4, 997
4,688
309
i 8, 844
i 5, 432
Furniture and appliance group 9
Furniture, home furnishings stores
Household appliance, TV, radio
_do
do
do
13, 737
8,538
4,223
14, 978
9,089
4,905
1,097
699
336
1,129
714
348
1,229
765
392
1,239
751
423
1,315
816
418
1,311
777
442
1,332
815
426
1,391
836
453
1,712
943
622
1,136
676
380
1,101
654
375
'1,192
'715
401
'1,158
724
373
i 1, 204
Lumber, building, hardware group
Lumber, bldg. materials dealerscf
Hardware stores
do
do
do
12, 115
9,302
2,813
12, 307
9,340
2,967
1,038
794
244
1,083
824
259
1,159
900
259
1,116
870
246
1, 155
911
244
1, 082
835
247
1,077
827
250
1,012
759
253
1,014
645
369
777
574
203
741
557
184
'905
'684
'221
996
734
262
Nondurable goods stores 9
.
do .. 190, 134
Apparel group
_
... do
15, 752
Men's and boys' wear stores
do
3,258
Women's apparel, accessory stores. _ .do
6,243
Family and other apparel stores _ do _.
3,680
Shoe stores
_
___do
2,571
205, 860
17, 276
3,537
6,913
4,015
2,811
17,105
1,456
268
604
305
279
16,694
1,341
262
563
285
231
17, 174
1,373
299
532
307
235
17,167
1,253
261
492
296
204
17,114
1,375
280
524
349
222
17,205
1,469
285
571
358
255
17,298
1,478
297
596
362
223
17, 748
1,553
325
614
383
231
22, 888
2,540
586
979
638
337
15, 549
1,224
272
480
273
199
9,335
21, 423
66, 822
60, 970
21, 765
10, 148
23, 431
71, 125
65, 105
23, 012
824
1,901
6,075
5, 559
1,898
819
1,965
5,747
5,240
1,947
829
2,071
5,979
5,464
2,002
828
2.219
6, 262
5, 750
'2, 056
823
2,177
5,881
5,377
2, 024
821
2,034
6, 039
5, 544
1,923
841
2, 006
5, 922
5, 430
1,959
840
1,884
5, 755
5,279
1,922
1,195
2, 039
6, 679
6,134
1,972
837
1,845
5,548
5,092
1,827
818
1,726
5,407
4,961
1, 722
'893
1,940
6,096
5, 596
1,901
'849
1,983
5,812
5,345
1,941
1914
2,108
5,954
5,468
2,044
General merchandise group 9... .
do .. 35, 840
Department stores
do
23, 421
Mail order houses (dept . store mdse.) _ do. . - - 2,581
Variety stores
do
5,320
Liquor stores
do
6,305
39, 811
26, 094
2,691
5,727
6,758
3,080
2,007
198
460
541
3,034
2,003
202
429
530
3,208
2,141
192
454
543
2, 965
1,924
179
436
558
3,259
2,110
229
465
539
3,274
2,158
218
462
551
3,375
2, 221
232
467
551
3, 958
2,575
341
524
587
6, 111
4,025
350
989
896
2, 511
1,658
156
330
514
2, 400
1,534
172
347
500
3, 197
2,077
221
'466
'551
3, 052
2,017
198
414
535
3,281
2, 146
Durable goods stores 9
Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
Drug and proprietary stores. _
Eating and drinking places _
Food group
_
._
Grocery stores
Gasoline service stations
Estimated sales (seas, adj.), total f
do
do do -.
do ..
do
do
21, 648 '25,679 '25,085 126,739
14, 847 '17,445 ' 16, 850 117,895
1,042 '1,512 '1,379 i 1,549
213
'277
281
422
552
'590
239
'354
310
-291
168
236
24, 949
24, 475
25, 394
25, 362
25, 572
25, 703
25,550
25,610
25,368
25,687
do
do ..
do
do
7,939
4,580
4,302
278
7,506
4,288
4,017
271
8,056
4,771
4,479
292
8, lOfi
4,764
4, 460
304
8, 358
4,959
4, 658
301
8,394
5,034
4, 725
309
8,276
4,921
4, 618
303
8,143
4,761
4,445
316
8,156
4,745
4,445
300
8,200
4, 604
4,298
306
7,955
4,394
4,085
309
' 8, 150 ' 8, 132
' 4, 602
4,700
' 4, 291 4,390
'311
310
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance, TV, radio
do
do ..
do ..
1,202
741
379
1,183
734
372
1,208
746
397
1,258
771
429
1,285
782
423
1,293
777
440
1,266
766
402
1,283
775
416
1,270
741
425
1,312
792
429
1,308
780
449
'1,278
'755
441
1,284
790
427
Lumber, building, hardware group
Lumber, bldg. materials dealers cf
Hardware stores
do
do
do
1,034
797
237
990
752
238
1,006
769
237
1,007
764
243
1,014
769
245
975
732
243
971
724
247
986
737
249
997
747
250
1,062
803
259
1,058
801
257
'1,049
'794
'255
1,045
775
270
17,010
1,389
279
579
308
223
16, 969
1,406
283
578
313
232
17, 338
1,460
295
583
341
241
17,256
1.464
301
584
351
228
17,214
1,499
327
582
359
231
17,309
1,472
313
579
349
231
17,274
1,466
294
589
351
232
17, 467
1,463
303
573
345
242
17,212
1,386
282
536
335
233
17, 487
1,514
317
587
360
250
Durable goods stores 9 Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
Nondurable goods stores 9
Apparel group.
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores.
Shoe stores _ .
do
do
do
do
do .
do
25, 470 '25,739 '25,923 126,069
i 8, 099
17, 515 '17,589 '17,791 U7,970
1,590
1,476 ' 1,443
332
304
'315
616
'557
576
'343
388
357
254
239
'228
Drug and proprietary stores
Eating and drinking places
Food group
.
Grocery stores
Gasoline service stations
do
do
do
do
do
5,981
5,467
1,927
843
1,924
831
1,910
5,931
5,431
1,920
848
1,967
5,975
5,472
1,927
844
1,996
5, 924
5, 436
1,918
837
1,975
5, 920
5, 426
1,906
860
1,975
5,947
5,446
1,931
859
1,974
5, 949
5,452
1,926
876
1,979
5,921
5,437
1,939
892
2,019
5, 861
5, 376
1,915
877
2,036
5,911
5,417
1,931
883
2,026
5,942
5,452
1,968
'889
'2,046
' 6, 041
'5,535
'1,964
904
2,026
5,988
5, 510
1,993
General merchandise group 9
Department stores
Mail order houses (dept. store mdse.)
Variety stores
.
Liquor stores
do .
do
do
do
do. ..
3,194
2,099
224
453
564
3,213
2,113
216
467
560
3,355
2,214
219
487
572
3, 365
2, 201
234
481
549
3, 332
2, 182
219
480
551
3,341
2, 189
222
486
567
3,354
2,195
229
484
561
3,476
2,273
238
503
570
3,311
2,162
216
475
564
3,419
2,244
220
486
591
3,361
2,191
230
472
595
' 3, 327
' 2, 200
223
'448
'584
3,482
2,279
229
520
602
Estimated inventories, end of year or month: t
Book value (unadjusted), total f
mil. $._ 33, 435
Durable goods stores 9
do
14, 737
Automotive group
do
7,070
Furniture and appliance group.
do .
2,390
Lumber, building, hardware group. _do._. . 2,386
35, 846
16, 144
7,938
2,512
2,401
36, 280
16, 449
8,082
2,564
2,561
36, 561
16, 940
8,414
2,622
2,592
36, 467
16, 967
8,420
2,623
2,567
36, 155
16, 690
8,074
2,635
2,499
35, 280
15.295
6, 669
2, 636
2, 492
35, 628
15,015
6, 422
2,698
2,455
37, 193
15, 760
7,035
2, 759
2, 489
38,171
16, 384
7,615
2,775
2, 492
35, 846
16, 144
7, 938
2,512
2,401
35, 856
16, 574
8,160
2,515
2,444
36, 349
16, 681
8,255
2,518
2,410
37, 108
16, 855
8,221
2,548
2,471
37, 199
16, 826
8,105
2, 599
2, 514
18, 698
3,811
4,066
5,882
3,519
19, 702
4,102
4,201
6,425
3,919
19, 831
4,098
4,071
6,605
3,949
19,621
4,056
4,047
6,505
3,897
19, 500
3,953
4,095
6, 456
3,855
19, 465
3,984
4,090
6,472
3,887
19, 985
4, 245
4,114
(i, 680
4, 019
20, 613
4,449
4,202
7,027
4,271
21, 433
4,575
4,310
7, 523
4, 608
21,787
4,649
4,258
7,671
4,760
19, 702
4,102
4,201
6,425
3,919
19, 282
3,977
4,164
6, 309
3,793
19,668
4,222
4,129
6,460
3,891
20, 253
4,308
4,189
6,767
4,108
20, 373
4,314
4, 167
6, 833
4,123
34, 607
36, 961 35, 346 35, 927 36, 325
15, 194
16, 536 15, 690 16, 213 16,411
•7 244
7,394
7,755
8,108
7,914
2,449
2,529
2,574
2,606
2,628
2,467
2,489
2,483
2,517
2,512
r
Revised.
1 Advance estimate.
fRevised se
ries. Dat a reflect use of n ew sarni)le
(effective with data for Oct. 1965) based on definitioiis and cla ssification sof the ] 963 Cem us
of Business; the 1965-66 retail inventories also refle 3t incorpc ration of new dat i from 1 965
Retail Trade (Census annual) and updating of seas 3nal factors. Lates t reviseo data ba ck
to 1959 appear in the November, April, and Febru ary 1966 i ssues of t he SURV EY (refer in
36, 312
16, 330
7,697
2, 667
2,484
36, 191
16,079
7,536
2, 63(>
2, 494
Nondurable goods stores 9
Apparel group..
Food group
General merchandise group ._
Department stores
do
do
do
do
do
Book value (seas, adj.), total f - do
Durable goods stores 9
do
Automotive group
_
do
Furniture and appliance group.. . do
Lumber, building, hardware group. ..do. ..
36, 734 36, 961 36, 924 36, 644 36, 526 36, 236
16, 581 16, 536 16, 491 16,315 16, 142 16, 033
7, 409
7,515
8,171
8,108
7,867
7,672
2, 568
2,612
2, 561
2,574
2, 598
2, 648
2, 448
2, 530
2,447
2, 418
2, 483
2, 525
that or der to pi ). 26, 18, and 20, i espectiv ely) ; rev sed acco tints rece ivable d ata prior to Oct.
1965 ar e not ava liable. Complet e details for retail sales ap 3ear in tlic Monti ily Reta il Trade
Reporl , Jan. K 66 and s ubseque it issues , available from 1 he Bure lu of the Census , Wash.
D.C. 20233. $ Include s data n ot shown separateily. o71 (Comprise s lumbei yards, Duilding
materi als deale rs, and p aint, plu mbing, imd elect deal stor es.
36, 355
16,241
7,719
2,656
2,467
36, 680
16, 496
7,949
2, 666
2, 522
June 1967
SURVEY OF CUEEENT BUSINESS
S-12
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1967
1966
1966
Annual
Apr.
I
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
20, 329
4,389
4,162
6,832
4,162
20, 384
4,369
4,156
6,895
4,179
20, 203
4,288
4,114
6,817
4,115
5,550 '6,855
6,500
May
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail storesf— Continued
Estimated inventories, end of yr. or mo. f— Con.
Book value (seas, adj.)— Continued
Nondurable goods stores 9
mil. $
Apparel group . .
_
do
Food group
-__
.
do
General merchandise group
do
Department stores
do
19 413
4 033
4,086
6 340
3 772
20
4
4
6
4
425
318
209
909
200
19 656
4 074
4 015
6 580
3 929
19 714
4 118
4 023
6 585
3 940
19,914
4,144
4,099
6 690
4 041
19, 982
4,194
4,148
6,681
4 062
20, 112
4,186
4,207
6,708
4 060
20, 114
4,174
4,219
6,721
4,079
20, 184
4,186
4,230
6,753
4 074
20, 153
4,230
4,150
6,745
4 111
20, 425
4,318
4,209
6,909
4,200
20,433
4,343
4,248
6,951
4,240
Firms with 11 or more stores :f
Estimated sales (unadj.) , total 9 f
do
73 356
80 323
6 661
6 291
6 608
6,511
6,565
6,759
6,804
7,190
9,940
5,695
do
do
do
do
4 445
557
1 656
1 168
4 770
573
1 779
1 269
420
45
158
125
373
42
145
102
388
48
144
107
324
39
123
87
377
40
141
97
401
44
145
116
409
51
155
100
444
57
166
108
722
99
266
169
306
43
106
85
271
31
102
76
430
45
152
133
371
43
140
101
___do
do
do
2,300
1 891
1 193
2,663
2 222
1 276
207
183
96
206
187
100
217
197
107
216
196
108
212
189
111
214
189
109
219
189
115
229
184
117
380
203
136
217
193
90
221
185
89
250
206
103
229
202
104
General merchandise group 9
Dept. stores, excl. mail order sales
Variety stores
do
do
do
26 112
17, 593
4 096
28, 988
19, 653
4 593
2,236
1,511
368
2,220
1,516
341
2,361
1,629
363
2,168
1,474
342
2,383
1,605
371
2,388
1,632
371
2,468
1,687
377
2,886
1,947
429
4,440
2,987
809
1,822
1,256
266
1,720
1,146
278
2,324
1,561
383
2,237
1,533
341
Grocery stores
do
27 627
29, 906
2,631
2,336
2,441
2,630
2,414
2,582
2,513
2,437
2,949
2,330
2,334
93
Apparel group 9
Men's and boys' wear stores
W^ omen's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture and appliance group
Tire battery accessory dealers
do
1 312
1 472
124
124
137
134
120
116
123
126
175
97
' 2, 686 2,516
116
127
6,907 ' 6, 852
6,993
do
6 574
6 536
6 702
6,664
6,729
6,762
6,871
6,856
6,700
6,885
Apparel group 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
do
do
do
do
382
45
150
100
382
43
146
102
402
48
149
108
386
47
144
103
405
51
147
103
395
50
144
104
406
49
155
106
406
49
151
112
397
48
141
109
421
52
154
112
418
46
160
109
372
47
138
98
438
50
165
121
Drug and proprietary stores
Eating and drinking places
do
do
213
184
215
181
224
187
222
182
223
175
225
183
227
185
237
191
242
206
240
213
254
214
253
209
245
205
2,528
General merchandise group 9
Dept stores excl mail order sales
Variety stores
do
do
do
2,295
1,553
359
2,336
1,576
370
2,430
1,652
385
2,425
1,643
377
2,417
1,650
380
2,444
1,665
388
2,495
1,664
390
2,552
1,725
411
2,403
1,638
388
2,513
1,730
402
2,471
1,685
387
2,449
1,671
369
1,683
420
Grocery stores
do
Lumber yards, bldg. materials dealerscfL-do
Tire battery accessory dealers
do
2,506
2,449
2,491
2,517
2,544
2,519
2,549
2,518
2,489
2,492
2,548
131
Estimated sales (seas adj ) total 9 1
120
All retail stores, accounts receivable, end of yr. or mo. :
Total (unadjusted) f
mil. $ Durable goods stores
_ do
Nondurable goods stores.. . . . _ do. _
Charge accounts
do
Installment accounts
do
Total (seasonally adjusted) t
Durable goods stores
Nondurable goods stores
Charge accounts
...
.
Installment accounts
.
117
121
124
117
122
123
128
124
127
' 2, 556 2,583
135
127
18, 986
7,212
11, 774
8,164
10 822
17,065
6,606
10, 459
7,731
9,334
17, 520
6,894
10, 626
8,058
9,462
17, 774
7,163
10,611
8,236
9,538
17, 332
6,947
10, 385
7,847
9, 485
17,480
7,059
10, 421
7,883
9,597
17, 420
6,975
10, 445
7,739
9,681
17, 546
6,991
10,555
7,855
9,691
17,816
6,981
10, 835
7,970
9,846
18, 986
7,212
11, 774
8,164
10, 822
18,167
6,954
11,213
7,630
10,537
17, 538 '17, 656 17,825
6,751 r 6, 766
6,916
10, 787 '10, 890 10, 909
7,338 ' 7, 518 7,732
10, 200 ••10, 138 10, 093
17, 034
6,916
10, 118
7,833
9,201
do
_ do.
do
do.
do
18, 193
7,120
11,073
8,269
9 924
17, 767
6,987
10, 780
7,730
10, 037
17, 308
6,835
10, 473
7,765
9,543
17, 483
6,942
10, 541
7,900
9,583
17, 722
7,002
10, 720
8,151
9,571
17, 482
6,778
10, 702
7,864
9,618
17, 695
6,867
10, 828
7,960
9,735
17, 592
6,817
10, 775
7,818
9,774
17, 578
6,775
10, 803
7,807
9,771
17, 744
6, 905
10, 839
7, 834
9,910
17, 767
6,987
10, 780
7,730
10, 037
17,849
7,124
10,725
7,690
10,159
18, 007
7,144
10, 863
7,721
10, 286
197. 43
197. 63
197. 81
197. 98
198. 14
198. 29
-18, 159 18, 224
' 7, 129 7,224
'11,030 11,000
' 7, 804 7,862
'10,355 10,362
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas
mil
U94.57 1 196. 84
EMPLOYMENT
Noninstitutional population, est. number 16 years
of age and over, total, unadj© _ _ . _ _ . _ mil
Total labor force, incl. armed forces©
Civilian labor force, total
._
Employed, total
Agricultural employment
_
Nonagricultural employment
Unemployed (all civilian workers)
Long-term (15 weeks and over)
Percent of civilian labor force
Not in labor force©
Civilian labor force, seasonally adj©
Employed, total
Agricultural employment
Nonagricultural employment
Unemployed (all civilian workers)
Long-term (15 weeks and over)
thous..
thous
do
77,178
131.18
78, 893
196. 50
196. 67
196. 84
197. 02
130. 75
130. 92
131. 08
131.24
131.42
131.59
131.77
131.95
132. 12
132. 30
132.45
79, 488
79, 895
79, 642
78, 706
79, 107
77,812
78,459
198. 77
132. 63
132. 80
132. 97
78, 949
79, 560
79, 551
80, 727
80, 838
80, 665
78, 982
77,487
74, 666
4,308
70,359
75, 753
73, 248
4,186
69, 063
76, 209
73, 744
4,114
69, 630
76, 573
73,995
3,814
70, 180
76, 252
73, 599
3,360
70, 239
75,320
72, 160
3,335
68, 826
75, 689
72, 506
3,281
69, 225
75, 513
72, 560
3,410
69, 149
76, 111
73, 445
3,721
69, 724
76, 095
73, 637
3,825
69, 812
.
do
do
-do
do _ .
do
75, 770
72, 895
3,979
68,915
74,804
72, 077
4,020
68, 055
75,414
72, 620
4,097
68, 523
77, 628
74, 038
4,704
69, 333
77, 703
74, 655
4,580
70, 076
3,366
755
4.5
52, 058
2,875
536
3.8
52, 288
2,729
766
3.6
52,938
75,341
2,794
602
3.7
52, 466
75, 149
3,591
3,048
2,821
2,505
2,466
2,577
4.6
50,356
75, 668
3.9
50,397
75, 770
3.6
50,755
76, 069
3.3
52, 609
76, 039
3.2
52, 285
76, 081
3.4
52, 054
76, 612
2,653
440
3.5
52, 479
76, 764
3,160
515
4.2
53, 589
77, 087
3,183
506
4.2
53,341
77, 025
2,954
560
3.9
53, 678
76, 523
2,666
576
3.5
53, 234
76, 740
2,457
464
3.2
53, 419
76, 189
72, 542
4,199
68, 343
2,799
590
72, 253
3,902
68, 351
2,896
538
72, 730
3,981
68, 749
2,938
486
72, 846
3,926
68,920
2,924
446
73, 141
3,935
69, 206
2,928
462
73, 195
3,886
69, 309
2,844
493
73, 199
3,779
69, 420
2,882
517
73, 897
3,892
70, 005
2,715
484
73, 893
4,011
69, 882
2,871
496
74,255
4,015
70, 240
2,832
485
74, 137
3,890
70, 247
2,888
439
73, 747
3,855
69, 892
2,776
436
73, 910
3,890
70, 020
2,830
436
73, 289
3, 652
69, 637
2,900
414
Rates: f
3.9
3.9
All civilian workers
3.7
4.5
3.8
2.4
2.4
2.6
Men, 20 years of age and over
3.2
2.5
3.9
3.8
3.7
Women, 20 years of age and over
3.8
4.5
13.7
13.0
12.9
Both sexes, 16-19 years of age
14.8
12.7
r
Revised.
1 As of July 1.
fSee corresponding note on p. S-ll.
9 Includes data not shown separately,
d" Comprises lumber yards, building materials deal ers, and p aint, plui nbing, aiid electn cal
stores.
^Unemployed in each group as percent 3f that gi oup.
©Effective Feb. 1967 SURVEY, data reflect revise d seasonal factors a nd chang es in co\rerage, sample, and definition as follows: For all period 5 — data cover persoiis 16 year sof age£tnd
198. 47
74, 455
71,088
4,361
66, 726
_..do.
do
do
do
do
do
129. 24
197. 22
196. 34
3.8
3.7
3.7
3.7
3.6
3.7
3.8
3.5
3.7
3.9
3.8
2.4
22
2.3
2.3
2.2
2.4
2.4
2.4
2 4
2.6
2.5
3.9
4.1
4.1
4.3
SLO
3.9
3.4
3.8
4.0
3.9
3.7
13.2
10.7
13.1
11.6
12.2
11.4
11.0
12.7
12.9
13.1
12.5
over ( eliminat ng abou u a inillio n person s previoiisly covered); bejginning J an. 1967-—sample
expan ded (to t)2,500 ho useholds and ch mges ma de in de finitions for emp loyment and unemplo yment (clata are r easonabl y compa rable wit h. earlier estimate s) ; see F 3b. and IVlar. 1967
BLSISMPLOYM ENT AND EARNIN GS AND IV[ONTHLY REPORT ON THE IvABOR F()RCE, U. 3.QPO,
Washi ngton, D .C. 20401
June 1967
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
| 1966
Annual
S-13
1967
1966
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Ar.>r.
Mayp
64, 990
65, 376
161 r 19, 075
289 '11,224
7, 872 '7,851
19,046
11,239
7,807
Dec.
Jan.
Feb.
Mar.
65, 904
64,334
64,286
r
r
19,
r
11,
r
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):f
Total, unadjusted! thous
60, 770
63, 864
18, 032
10, 386
7,645
19, 081
11,186
7,896
18, 774
11,039
7,735
18, 906
11,130
7,776
19, 258
11,319
7,939
19, 123
11,213
7,910
19, 391
11, 249
8,142
19, 533
11,434
8,099
19, 538
11,470
8,068
19, 522
11,480
8,042
19, 430
11,446
7,984
19, 233
11, 347
7,886
19, 196
11, 320
7,876
do
do
do
do
632
84
142
288
628
86
139
283
590
84
104
281
630
85
141
281
645
88
142
288
645
88
140
290
649
89
142
290
637
87
143
281
631
86
144
277
628
86
143
277
625
86
143
279
614
86
143
275
609
87
143
269
Contract construction
do
Transportation and public utilities 9
do
Railroad transportation
do
Local and interur ban passenger transit., do
3,181
4,033
735
268
3,281
4,137
717
265
3,156
4,077
712
269
3,277
4,115
715
268
3,521
4,180
728
255
3,623
4,171
730
247
3,641
4,154
728
246
3,525
4,218
721
264
3,449
4,198
716
268
3,310
4,208
712
268
3,128
4,200
715
271
2,925
4,162
698
272
2,841
4,153
694
271
do
do
do
do
963
230
735
625
1,008
248
773
635
974
251
758
627
990
254
762
628
1,026
260
778
644
1,031
216
792
652
1,031
202
796
653
1,046
262
786
641
1,046
264
785
633
1,045
266
790
632
1,031
269
791
633
1,000
274
793
633
994
278
797
633
Wholesale and retail trade _
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services and miscellaneous
Government
_
do
do
do
do
do
do
12, 683
3,317
9,366
3,019
9,098
10, 091
13, 220
3,459
9,761
3,086
9,582
10,850
13,015
3,386
9,629
3,056
9,465
10, 795
13, 061
3,400
9,661
3,070
9,572
10,834
13,239
3,473
9,766
3,112
9,702
10, 906
13, 225
3,511
9,714
3,148
9,782
10, 557
13, 224
3,521
9,703
3,146
9,772
10, 507
13, 253
3,498
9,755
3,109
9,707
10, 885
13, 385
3,521
9,864
3,099
9,751
11,139
13, 599
3,533
10, 066
3,098
9,739
11,285
14, 241
3,554
10,687
3,105
9,733
11, 442
13,322
3,509
9,813
3,095
9,672
11,311
Total, seasonally adjustedf
Manufacturing establishments
Durable goods industries _
Ordnance and accessories
Lumber and wood products
Furniture and
fixtures
_
Stone, clay, and glass products
Primary metal industries
do
do
do
do
__ do
do
do
do
60, 770
18, 032
10,386
226
610
429
627
1,296
63, 864
19, 081
11, 186
256
622
456
641
1,326
63, 350
18, 923
11,065
249
633
451
647
1,307
63, 517
19, 002
11,122
253
623
456
643
1,315
63, 983
19, 167
11, 220
257
628
458
641
1,333
64, 072
19, 128
11,210
257
622
456
643
1,338
64, 199
19, 262
11, 324
260
621
462
637
1,351
64, 168
19, 204
11,322
262
609
459
633
1,341
64, 466
19,312
11,387
265
607
460
633
1,351
64, 823
19,415
11,424
269
607
463
636
1,351
65, 076
19, 445
11,439
269
605
465
638
1,343
Fabricated metal products
do
Machinery
do
Electrical equipment and supplies, _ .do
1,268
1,726
1,658
1,352
1,868
1,893
1,345
1,827
1,860
1,341
1,846
1,877
1,348
1,865
1,904
1,346
1,888
1,903
1,360
1,901
1,948
1,357
1,903
1,941
1,365
1,912
1,962
1,378
1,917
1,959
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
1,738
387
421
1,906
426
440
1,887
418
441
1,901
424
443
1,915
428
443
1,888
430
439
1,910
431
443
1,945
432
440
1,951
439
442
7,896
Nondurable goods industries
do
7,858
7,645
7,880
7,947
1,761
1,757
Food and kindred products
do
1,752
1,748
1,760
84
Tobacco manufactures
do
87
86
85
86
951
Textile mill products
do
921
950
952
957
1,396
Apparel and related products
do
1,396
1,354
1,412
1,424
671
Paper and allied products
do
664
665
640
674
1,026
Printing, publishing, and allied ind-.do
981
1,017
1,018
1,026
954
906
937
945
Chemicals and allied products
__ do
961
183
Petroleum refining and related ind.-.do. _
182
182
183
183
513
Rubber and misc. plastics products., do
472
506
508
515
357
Leather and leather products
do
364
351
363
361
Mining
_ ___ _.
do
628
632
595
628
632
Contract construction
_
do
3,281
3,181
3,238
3,333
3,300
Transportation and public utilities
do
4,137
4,033
4,114
4,132
4,143
Wholesale and retail trade
do
13, 220 13, 128 13, 164 13,217
12, 683
Finance, insurance, and real estate
do.__
3,086
3,019
3,076
3,068
3,090
Services and miscellaneous _
do
9,582
9,098
9,484
9,515
9,549
Government
do
10, 850 10,705 10, 762 10, 885
10, 091
Production workers on mfg. payrolls, unadjusted:!
Total, unadjusted t
thous.. 13,413
14, 199 13,969 14, 074 14,351
Seasonally adjusted
do
14, 100 14, 154 14, 281
8,207
7,702
8,301
8,277
. Durable goods industries, unadjusted- _ do
8,419
8,226
8,261
Seasonally adjusted
do
8,328
96
113
117
Ordnance and accessories
do
120
119
544
539
Lumber and wood products
do
535
548
574
371
Furniture and
fixtures
"do
356
378
373
380
516
504
515
521
Stone, clay, and glass products
do
530
Primary metal industries
do.
1,085
1,058
1,080
1,080
1,108
473
467
468
487
Blast furnaces, steel and rolling mills.do
477
1,052
1,042
1,046
Fabricated metal products
do
982
1,061
Machinery
_
do
1,299
1,314
1,309
1,326
1,208
Electrical equipment and supplies
do
1,281
1,291
1,316
1,322
1,140
1,355
1,365
Transportation equipment 9
do
1,238
1,355
1,363
Motor vehicles and equipment
do
692
671
686
686
660
Aircraft and parts
do
435
357
448
430
438
Instruments and related products
do
271
274
268
247
277
Miscellaneous mfg. industries
do
344
352
351
337
358
Nondurable goods industries, unadj_ do
5,762
5,797
5,711
5,932
5,898
Seasonally adjusted
do
5,874
5,893
5,953
Food and kindred products
do
1,086
1,093
1,155
1,152
1,166
Tobacco manufactures... _
do
62
64
63
75
71
Textile mill products
do... I
846
862
823
850
848
Apparel and related products .. . d o
1,242
1,205
1,226
1,258
1,240
Paper and allied products
do
514
515
498
522
530
Printing, publishing, and allied ind do
646
622
652
645
653
Chemicals and allied products
_ do
568
545
570
580
570
Petroleum refining and related ind_-.do.___
112
114
112
114
117
Petroleum refining
do
88
88
89
88
90
Rubber and misc. plastics products _ _ do
391
367
400
393
400
Leather and leather products
do
308
313
311
312
318
r
Revised.
T Preliminary.
^Beginning in the Sept. 1966 issue of the SURVEY, data for employment, hours, earnings,
and labor turnover reflect adjustment to Mar. 1965 benchmarks; they are not strictly comparable with previously published figures. Details of the adjustment appear in the BLS
bept. 1966 Employment and Earnings report; comparable earlier data appear in BLS Bul-
7,918
1,763
85
955
1,388
679
1,031
963
186
518
350
636
3,297
4,122
13, 256
3,095
9,609
10, 929
7,938
1,765
80
957
1,395
677
1,035
968
184
520
357
636
3,251
4,105
13, 264
3,100
9,647
10, 934
7,882
1,737
79
952
1,390
670
1,035
965
182
517
355
628
3,228
4,168
13, 268
3,100
9,649
10, 923
14, 159
14, 201
8,277
8,293
120
568
374
533
1,102
490
1,035
1,324
1,302
1,299
609
452
275
344
5,882
5,908
1,200
62
844
1,198
528
653
578
118
90
395
306
14,417
14, 330
8,304
8,395
123
570
388
533
1,100
482
1,058
1,325
1,345
1,215
519
458
279
367
6,113
5,935
1,291
76
862
1,265
534
658
584
118
90
406
320
14, 582
14, 268
8,501
8,395
127
553
387
526
1,095
477
1,071
1,332
1,366
1,393
692
468
280
372
6,081
5,873
1,284
82
856
1,257
526
661
577
116
89
409
312
Manufacturing establishments
Durable goods industries
Nondurable goods industries
Mining, total 9
Metal mining
Coalmining
.
Crude petroleum and natural gas
Motor freight trans, and storage
Air transportation
Telephone communication
Electric, gas, and sanitary services
do.
do___
do...
do
do
do
62,928
63, 465
64,563
64, 274
64,484
64, 867
65, 190
65, 389
64, 628
r
'610
'87
'142
268
'619
87
141
272
621
'3,089
'2,896 r
'4,168
4, 147
694
'692
270
272
3,197
4,218
r
1,000
282
'801
'634
960
286
802
635
13, 205
3,496
9,709
3,114
9,750
11, 418
13, 31 7
'3,504
'9,813
r
3, 137
'9,841
r
11, 498
r
13, 388
r
3, 515
r
65,381
19, 468
11, 445
276
620
460
642
1,341
65, 497
19, 402
11, 408
281
614
459
638
1,322
r
r
r
1,379
1,933
1,959
1,380
1,941
1,964
1,374
1,935
1,967
r
1,960
439
445
1,958
444
446
1,927
446
448
1,928
448
442
r
7,925
1,750
78
950
1,403
676
1,039
969
182
523
355
625
3,202
4,165
13, 340
3,102
9,712
11,008
7,991
1,781
87
950
1,406
682
1,044
974
183
529
355
624
3,204
4,195
13, 393
3,110
9,778
11,104
8,006
1,781
86
951
1,409
683
1,049
976
183
534
354
626
3,293
4,196
13, 392
3,121
9,821
11, 182
8,023
1,780
89
951
1,415
683
1,056
981
182
533
353
628
3,301
4,230
13, 503
3,129
9,869
11,253
7,994 '7,980 r 7,974
7,911
1,781 r 1, 787 r 1, 775 1,768
84
85
86
87
942
941
'936
928
1,399 r 1,380 r 1,389
1,389
686
688
'686
683
1,060 r 1,068 r 1,067
1,069
r
981
978
978
980
182
181
182
182
530
'528
527
480
349
348
344
345
626
'627
••625
619
3,350 r 3, 321 ' 3, 262
3,159
4,225 '4,223 ' 4, 185
4,235
r
r
13, 524 13, 547 13, 578 13,581
3,142 r 3, 159
3,175
3,183
9,919 '9,981 r 10, 007 10, 031
11, 309 r 11, 387
11,484
14, 581
14, 350
8,530
8,442
129
541
388
517
1,083
467
1,077
1,333
1,385
1,414
702
476
282
378
6,051
5,908
1,244
82
854
1,263
529
664
575
115
89
415
310
14, 548
14, 436
8,527
8,467
133
532
390
512
1,080
462
1,084
1,333
1,380
1,424
708
486
284
376
6,021
5,969
1,209
79
851
1,260
534
666
576
114
89
419
312
14, 440
14, 446
8,482
8,471
135
516
386
500
1,077
455
1,079
1,357
1,374
1,425
702
492
286
348
5,958
5,975
1,166
80
845
1,245
532
671
576
113
89
420
am
14,233
14, 453
8,372
8,462
138
509
377
486
1,077
455
1,063
1,363
1,361
1,382
669
488
286
330
5,861
5,991
1,117
76
835
1,233
526
666
577
111
89
416
14, 180 r 14, 128 r 14, 035
14, 370 r 14, 297 r 14, 167
r
8,333 r 8, 292 r 8, 225
>•
8,417
8, 242
8, 369
r
141
142
'143
r
509
'511
509
r
374
366
'371
481
'491
487
1,068 r 1,057 r 1,044
451
449 r 447
1,057 r 1,048
1, 044
1,362 r 1, 364 '1,356
1,347 r 1,324 r 1,292
1,376 ' 1,370 r 1,354
r
659
'629
651
r
488
494
'492
285
285
286
r
333
340
'335
r
r
5,847
5, 810
5, 836
5,953 '5,928 ' 5, 925
1,098 r 1,101 '1,099
69
'63
65
830
'829
'832
1,249 r 1,238 '1,217
526
528
528
' 670
675
-'675
578
'580
'587
111
Mil
'114
89
'88
89
410
406
405
3D5
3fU
r
9, 873
3,162
r
9, 987
r
11, 523
13, 465
3,523
9,942
3,177
10,091
11,561
65, 600 ' 65, 479
19, 355 r 19, 221
11, 375 '11,247
'285
283
'617
'603
'449
'454
'637 r '624
r
1,281
1,306
65, 435
19, 143
11,232
286
594
450
619
1,274
r
1,372
1,932
1,954
r
r
r
1, 359
1,922
1,925
1,353
1,922
1,921
1,930
'450
440
r
1,910
'449
'440
1,927
449
437
OQQ
OflA
14,006
14, 088
8,235
8,222
144
519
365
495
1,036
1,046
1,350
1,283
1,372
495
284
343
5,771
5,866
1,110
63
824
1,218
525
675
583
115
89
366
ono
letin 1312-4, Employment and Earnings Statistics for the United States 1909-66 (Oct. 1966),
$4.50, available from the Superintendent of Documents, Government Printing Office,
Washington, D.C. 20402.
9 Includes data for industries not shown separately.
S-14
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966
Apr.
Annual
June 1967
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May p
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch) :
United States
thous
Wash., D C , metropolitan area
do
o 347
9
51
o 532
265
o 4Q2
°56
2 482
258
2 560
274
2 598
111
2 598
276
2 556
269
2,579
270
2, 608
272
i 2, 736
1273
2,609
272
2,620
273
2,636 p 2, 650
P276
275
Railroad employees (class I railroads):©
Total
do
Index seasonally adjusted
1957 59—100
652
73 4
640
72 4
636
71 8
639
71 6
652
72 °
655
72 7
652
73 0
643
73 1
639
73.4
••636
74 4
636
74.7
623
69.3
P618
P69.5
P617
"69.8
P618
P 69.9
144.3
136.3
97.0
156.7
150.4
101.3
145.1
146.8
87 4
152.6
149.0
102.5
171.1
152.5
106.5
180.3
148.6
105.2
180.8
151.9
106.2
177.0
156.7
105.4
173.0
156.9
105.2
155. 7
156.4
102.0
150.3
155.8
103.1
139.5
152.1
100.9
129.6
149.4
97.6
135.3
' 150. 0
'98.3
' 146. 4
' 149. 0
' 102. 0
154.6
149.6
102.4
41.2
41.3
3.6
42.0
3.9
42.1
41.5
41.5
4.0
42.3
42.2
4.4
41.6
41.3
4.0
42.3
42.0
4.4
41.0
41.0
38
41.6
41.8
4.1
41.4
41.4
4.0
42.0
42.1
4.3
41.5
41.5
4.2
42.3
42.3
4.6
41.4
41.3
4.1
42.2
42.2
4.5
41.3
41.3
3.9
42.1
42.1
4.2
41.3
40.9
3.7
42.1
41.7
4.1
40.8
41.0
3.4
41.5
41.8
3.7
40.1
40.3
3.2
40.7
40.9
3.4
40.3
40.4
3.2
'40. 9
'41.0
3.3
40.2
40.5
'3.1
40.8
40.9
'3.2
40.3
40.3
3.1
41.0
40.9
3.3
INDEXES OF WEEKLY PAYROLLS!
Construction (construction workers) f_ 1957-59 =100. .
Manufacturing (production workers)!
do
Mining (production workers)!
do
HOURS AND EARNINGS!
Average weekly gross hours per production worker
on payrolls of nonagric. estab., unadjusted:!
All manufacturing estab., unadj.!
hours..
Seasonally adjusted do
Average overtime.
.._
do
Durable goods industries
_ do. .
Seasonally adjusted
do
Average overtime
..
do
3.9
4.3
41.2
41.5
3.9
42.2
42.3
4.3
Ordnance and accessories
Lumber and wood products
Furniture and fixtures
_
Stone, clay, and glass products
Primary metal industries
Blastfurnaces steel and rolling mill^
do
do
do.
do
do
do
41.9
40.8
41.5
42 0
42.1
41 0
42.3
40.8
41.4
42 0
42 1
40 7
42.1
41.1
40.9
42.1
42.3
41 2
42.3
41.7
41.4
42.3
42.4
41 2
42.2
41.2
41.8
42.5
42.4
41 3
42.1
40.9
40.7
42.0
41.6
41 1
42.0
40.9
42.2
42.4
42.1
40.9
42.4
40.7
41.8
42.2
42.4
41.2
42.3
40.7
41.9
42.2
42.0
40. 5
42.7
40.0
41.4
41.8
41.9
40.2
42.7
39.9
41.5
41.6
41.6
39.5
42.4
39.9
40.1
41.2
41.8
40.6
41.5
39.5
39.7
40.5
40.9
39.7
41.6
'40.1
'39.7
'40.9
40.9
40 0
'41.3
40.5
'39.4
'41.3
40.5
39.5
41.6
40.7
39.4
41.6
40.6
Fabricated metal products
Machinery
Electrical equipment and supplies
do
do
do
42.1
43 1
41.0
42.4
43 8
41.2
42.1
43.8
41.1
42.6
44.1
41.3
42.7
44.1
41.3
41.9
43 1
40.5
42.4
43.5
41.1
42.9
43.9
41.4
42.7
43.7
41.3
42.3
43.7
41.1
42.5
44.0
41.2
41.8
43.5
40.6
41.1
43.0
39.8
'41.2
'43.1
'39.9
'41.2
'42.7
'39.6
41.7
42.7
39.6
Transportation equipment 9
_
Motor vehicles and equipment
Aircraft and parts
Instruments and related products
Miscellaneous mfg. industries _ _ _ _..
do.
do
do
do
do
42.9
44 2
42.0
41.4
39.9
42.6
42 8
43 3
42.0
40.0
43.0
43.7
42.9
41.9
39.7
42.4
42.0
43.6
42.3
40.1
42.5
42.3
43.4
42.2
40.1
41.8
41 3
43.1
41.6
39.2
42.1
41.6
43.4
41.7
40.1
42.6
42.9
43.1
42.2
40.0
43.0
43.5
43.0
42.1
40.4
42.8
43.1
43.3
42.0
40.2
42.5
42.7
42.9
42.1
40.0
41.6
41.0
42.7
41.5
39.6
40.3
39.2
42.2
40.8
38.7
40.5
'38.8
'42.8
'41.3
'39.3
'40.5
'38.9
'42.6
41.1
'39.3
43.0
41.3
39.3
40.1
40.2
3.2
41.1
37.9
41.8
36.4
43.1
38.6
41.9
4*> 2
41.8
42.0
38.2
3.4
41.2
38.8
41.9
36.4
43.4
38.8
42.1
42.4
42.1
42.0
38.6
39.9
40.3
3.3
40.4
38.1
41.4
36.1
43.2
38.6
42.4
42.6
42.6
41.9
37.8
40.3
40.3
3.4
40.9
38.3
42.2
36.5
43.6
38.8
42.2
42.7
42.7
42.1
38.6
40.5
40.3
3.5
41.2
38.5
42.6
36.7
43.7
38.9
42.2
42.8
42.1
42.0
39.2
40.3
40.1
3.5
41.9
37.6
41.5
36.3
43.5
38.8
42.0
43.0
42.4
41.3
39.0
40.5
40.2
3.5
41.5
38.1
42.1
36.9
43.6
39.0
41.9
42.1
41.5
41.9
39.1
40.3
40.2
3.7
41.8
40.1
41.9
35.7
43.7
39.1
42.1
42.8
42.0
42.3
37.8
40.3
40.2
3.6
41.3
39.2
41.6
36.6
43.5
39.1
42.1
42.4
41.7
42.2
38.1
40.2
40.2
3.4
41.3
38.5
41.4
36.4
43.5
38.9
42.2
42.4
42. 4
42.0
38.4
40.1
39.9
3.3
41.3
40.5
41.1
36.2
43.3
39.1
42.1
42.1
42.1
41.9
38.8
39.6
40.0
3.0
40.8
37.8
40.6
36.1
42.8
38.5
41.5
41.4
41.4
41.3
38.7
39.2
39.5
2.9
40.3
36.0
40.1
35.7
42.3
38.3
41.2
41.8
42.1
40.5
37.5
39.4
39.6
'2.9
40.5
37.4
40.2
35.9
'42.6
38.6
41.7
'42.4
'42.5
40.8
'36.9
'39.3
'39.7
2.9
'40.2
'38.7
40.2
35.9
42.4
'38.4
'41.8
'42.7
'42.6
'40.7
'36.5
39.5
39.5
2.9
40.6
38.0
40.5
36.0
42.4
38.3
41.4
42.1
42.1
40.7
37.4
42 3
41.6
41.4
42.5
32.8
42.8
36.9
35.8
40.1
36.4
42.9
42.2
41.5
42.6
37.0
35.7
39.5
36.8
43.4
42.7
41.8
42.7
38.3
36.6
42.5
37.5
43.1
42.7
43.1
39.0
37 1
43.4
38 1
43.0
42.2
40.8
42.6
38.4
36.8
42.2
37.7
43.0
42.7
40.7
42.5
38.3
36.7
42.3
37.5
43.2
42.1
42.2
42.5
38.5
36.9
42.5
37.7
42.2
42.0
39.3
42.5
36.3
35.3
38.7
36.0
42.5
42.4
41.8
42.2
37.2
36.3
39.8
36.9
42.3
42.6
40.9
42.5
37.1
36.3
39.6
36.8
41.6
42.5
39.6
42.0
35.8
35.0
38.9
35.3
'41 8
'42 6
r 39 4
r 42 3
'36.7
35 8
r 39 g
36 2
'42 3
42.3
39 9
42 6
'36.9
35 9
39 4
36 5
42.6
42 4
37.4
36 1
40 8
36 8
42 7
42.2
« 40 3
42 6
37.6
36 3
41.0
37 0
42 1
42.5
40 4
41 4
37.7
40.8
36.6
42 3
42.5
40.6
41 5
37.1
40.7
35.9
42.2
41.7
40.1
41.1
36.9
40.6
35.7
43.0
42.0
40.3
41.2
36.9
40.7
35.6
43.0
43.1
40.7
41.2
37.3
40.7
36.2
42 6
42.9
41 2
42 1
38.0
41.1
36.9
42.4
43.1
40.7
41.5
37.9
40.8
36.9
42.1
43.1
40.9
41.4
37.0
40.7
35.8
42.8
42.9
40.8
41.9
36.8
40.7
35.5
42.5
42.5
41.5
41.7
36.6
40.6
35.2
41.8
42.8
39.9
41.7
37.1
40.9
35.9
41.5
41.5
39.5
41.3
36.5
40.6
35.1
41.5
41.8
39.8
41.6
36.3
40.3
34.9
r 41 7
'36 3
40.4
35 0
41 8
38 1
39 0
41 2
'36.2
'40.2
34.9
37.9
38.8
37.3
38.2
37.4
38.0
37.3
38.4
37.1
38.6
38 1
38.6
38.0
38.2
36.8
38.2
37.2
38.2
36.8
37.8
36.9
38. 1
36.7
37.6
36.6
'36.7
37.2
36.5
37.5
107. 53
117.18
131.57
88.54
87.98
110. 04
133. 88
116.20
127. 58
105. 78
137. 71
108. 47
85.39
111.92
121. 67
135. 36
92.62
91.08
114. 24
138. 09
121.69
134. 90
108. 77
141. 86
113. 40
88.80
111.24
121. 54
133. 46
92.48
88.75
114. 09
138. 74
119. 99
134. 03
107. 68
141. 47
112. 71
87.74
112. 05
121.82
134.51
94.66
90.67
114.63
139. 07
121.84
135. 83
108. 62
139. 07
113. 79
88. 62
112.74
121.82
134. 20
93.94
91.96
115.60
139. 50
121.70
135. 83
108. 62
140. 25
113.94
88.62
Nondurable goods industries, unadj- _ do_
Seasonally adjusted
do
Average overtime _ _ _
do
Food and kindred products. _ - do_
Tobacco manufactures
do_ . .
Textile mill products
do
Apparel and related products _
do_
Paper and allied products.. _ _ __ __do_
Printing, publishing, and allied ind._ do_ _
Chemicals and allied products .
do
Petroleum refining and related ind_ - do_
Petroleum refining
do
Rubber and misc. plastics products
do
Leather and leather products
do
Nonmanufacturing establishments:!
Mining 9
do
Metal mining
do
Coal mining
do
Crude petroleum and natural gas
do
Contract construction
do
General building contractors
do
Heavy construction
do
Special trade contractors
do
Transportation and public utilities:
Local and suburban transportation
do
Motorfreighttransportationandstorage do
Telephone communication
do
Electric gas and sanitary services
do
Wholesale and retail trade _ ___ _ .do
Wholesale trade
do
Retail trade
_ _ __ __do__
Services and miscellaneous:
Tlotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plants. _ . do
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.:!
All manufacturing establishments !
dollars. _
Durable goods industries
do
Ordnance and accessories _
- d o
Lumber and wood products.
_ _ _.do
Furniture and fixtures
.do _ _ _
Stone, clay, and glass products
do
Primarv metal industries _
.do_.
Fabricatcd metal products
do
Machinery. _ _ _
_ _
_ .do _
E lectrical equipment and supplies
do
Transportation equipment
do
Instruments and related products
do
Miscellaneous mfe. industries.
do
r
1
a 39 9
p
Revised.
Preliminary.
° Average for 11 months.
Includes Post Office employees hired for the Christmas season; there were about 124,000
such employees in the United States in Dec. 1966.
©Effective Jan. 1965, data reflect change in definition of class I railroads (to $5 million or
41 7
' 38 8
r 41 3
40.8
37.2
36.2
40.1
35.0
111.11 111.78 113.71 113.85 113.99 114. 40 113.42 111.48 112. 44 112. 56 112.84
119. 81 120. 54 123.94 124. 07 123.77 124. 20 122. 43 120.47 '121.06 121. 18 122. 18
-iqq KA
133. 88 134. 82 136. 95 136. 63 137. 92 138. 78 137. 80
. QK CO
97 27
90. 97
91.37
92.00
94.83
94.83
93.66
94.07
90.23
89.72 ' 90. 52 '90.23
93.79
90.63
92. 74
93.86
89.13
93.21
93.26
I 1 C OO
116 90
113. 82 115. 75 116.05 116.47 115.79 115. 23 113. 71
1 VI f»7
138. 69 137. 28 138. 36
136. 86 138. 09 140. 77 139. 02
120.42 ' 120. 72 '121.13 123. 85
119. 42 121. 26 124. 84 124.26 123. 09 124. 53 122.47
134.
131. 89 133. 55 136. 53 136. 34 136.78 138. 60 137. 03 135.88 '136.20 ' 1 OR 51 134. 93
r
1 1 ins ^n
106. 11 107. 68 110. 12 109. 86 109.74 110. 42 109.21
137.94 139. 35 144. 84 146. 63 145. 52 144. 93 141.44 136. 21 136. 49 '137.30 138. 72
1 1 c oq
111.90 112. 17 114.78 114.93 114.66 115. 78 114. 13 113.02
90.17 ' 91. 96 I '91.57 1 91.57
91.87
91.20
90. 45
90. 09
89.20
86.24
88.22
more annual railway operating revenues). The index (back to 1963) has been adjusted for
comparability, whereas the number of employees has not.
.
.
c v, AWn
! See corresponding note, bottom p. S-13.
9Includes data for industries not shown
separately.
T
SURVEY OF CURRENT BUSINESS
June 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
S-15
1967
1966
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May v
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGSf— Continued
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.f — Con.
All manufacturing establishments f— Continued
Nondurable goods industries
_ dollars
94.64
Food and kindred products
do
99.87
Tobacco manufactures
.
do
79.21
Textile mill products
do
78.17
Apparel and related products
do
66.61
Paper and allied products
do
114. 22
Printing, publishing, and allied ind
do
118. 12
Chemicals and allied products
. do
121. 09
Petroleum refining and related ind
do_
138. 42
Rubber and misc. plastics products
do
109. 62
Leather and leather products
do
71.82
Nonmanufacturing establishments :f
Mining?
do
123. 52
Metal mining
do
127. 30
C oal mining
do
137. 45
Crude petroleum and natural gas
do
116. 18
Contract construction
do
138. 01
General building contractors. _
do
128. 16
Heavy construction
. .. _do
137. 90
Special trade contractors do
144. 99
Transportation and public utilities:
Local and suburban transportation, .do
108, 20
Motor freight transportation and storage, do
130. 48
Telephone communication.- _ _ _
do
109. 08
Electric, gas, and sanitary services
do
131. 24
Wholesale and retail trade _ _
do
76.53
Wholesale trade
•__ ._
do
106. 49
Retail trade
.
do
66.61
Finance, insurance, and real estate:
Banking
_
do
79.24
Insurance carriers
do
95.86
Services and miscellaneous:
Hotels, tourist courts, and motels
do
51.17
Laundries cleaning and dyeing plants . ..do
58.98
Average hourly gross earnings per production
worker on payrolls of nonagric. estab.:f
All manufacturing establishments t
dollars
2.61
Excluding overtimed1
do
2.50
Durable goods industries. .
do
2.79
Excluding overtimed"
..do
2.67
Ordnance and accessories ._ . _
do
3.14
Lumber and wood products
do
2.17
Furniture andfixtures. __
do
2.12
Stone, clay, and glass products.
do
2.62
Primary metal industries
do
3.18
Blast furnaces, steel and rolling mills.. do
3.46
Fabricated metal products
do
2.76
Machinery
_.
do
. 2.96
Electrical equipment and supplies
do
2.58
Transportation equipment 9
do
3.21
Motor vehicles and equipment
do__"
3.34
Aircraft and parts
do
3.14
Instruments and related products
do
2.62
Miscellaneous mfg. industries
do
2.14
Nondurable goods industries
_
do
2.36
1
Excluding overtimed
do
2.27
Food and kindred products
__do
2.43
Tobacco manufactures
do
2.09
Textile mill products...
do
1.87
Apparel and related products
do
1.83
Paper and allied products
do
2.65
Printing, publishing, and allied ind . do
3.06
Chemicals and allied products
do
2.89
Petroleum refining and related ind . do
3.28
Petroleum refining.
do
3.47
Rubber and misc. plastics products
do
2.61
Leather and leather products
do
1.88
Nonmanufacturing establishments:!
Mining 9
do
2.92
Metal mining
do
3.06
"3.45
2.74
3.69
3.55
3.38
3.94
Crude petroleum and natural gas
do
Contract construction..
do
General building contractors
do
Heavy construction
do
Special trade contractors
do
Transportation and public utilities:
Local and suburban transportation
do
2.57
Motorfreighttransportationandstorage do
3.07
Telephone communication
do_
2.70
Electric, gas, and sanitary services
do
3.17
Wholesale and retail trade
do
2.03
Wholesale trade
"do
2.61
Retail trade
do
1.82
Services and miscellaneous:
Hotels, tourist courts, and motels
do
1.35
Laundries, cleaning and dyeing plants.. ~ do" ""
1.52
'Revised.
* Preliminary.
« Average for 11 rr onths.
tbee corresponding note, bottom p. S-13.
98.49
103. 82
84.97
82.12
68.80
119.35
122. 61
125. 46
144. 58
111.72
74.88
96.96
102. 21
86.49
79.90
67.51
117. 50
120. 82
124. 66
145. 69
110.62
73.33
98.33
103. 89
86.94
81.45
68.26
119. 03
122. 22
124. 49
145. 61
111.57
74.88
99.23
104. 24
88.55
84.35
68.63
120. 18
122. 54
125. 76
145. 95
111.30
76.05
99.14
105. 59
87.23
81.76
67.88
120. 50
121. 83
126. 00
147.06
110.27
74.49
99.23
103. 34
82.68
83.36
70.11
120. 77
122. 85
125. 70
142. 72
111.04
75.85
99.54
104. 92
83.41
83.38
67.83
121.92
125. 12
127. 14
146.80
114.21
74.09
99.94
104. 08
81.93
83.20
70.64
121.37
125. 51
127. 56
145. 43
113.52
74.68
100. 10
104. 90
81.24
83.21
70.25
121. 37
124. 87
128. 29
146. 70
112.98
76.03
100. 25
106. 14
88.29
82.20
69.87
120. 81
125. 51
127. 98
145. 67
112. 71
76.82
99.40
106.08
83.16
81.61
70.40
119. 84
123. 59
126. 16
144. 90
111.51
77.79
99.18 100. 08 '100.22
105. 18 106. 52 ' 106. 53
82.08 r 87. 52 ' 91. 33
80.60
81.20
80.80
71.04
71.80
72.16
118.44 119. 71 119. 57
123. 33 124.68 ' 123. 65
125. 25 127. 19 '127.49
147. 97 ' 150. 94 152. 44
108. 95 110. 16 '109.89
••76.13 ' 75. 65 ' 75. 19
100. 73
107. 18
89.68
81.81
72.00
119. 14
124. 09
127. 10
148. 61
107. 86
77.04
130. 24
133. 77
145. 86
122. 26
145. 51
135. 76
145. 14
152. 44
121. 72
133. 88
111.52
122. 41
140. 59
131. 74
137. 94
148. 15
130. 85
132. 51
152. 31
121. 84
141.71
132. 09
137. 07
150. 88
132. 80
134. 93
153. 41
121. 70
146. 69
135. 05
150. 45
153. 38
131. 46
135. 79
145. 70
123. 70
150. 15
137.27
154. 07
156. 59
131. 58
134. 62
149. 33
121. 84
149. 38
138. 00
152. 34
155. 70
133. 73
136. 64
151. 00
123. 68
151.67
140. 56
156. 09
157. 88
134. 78
135. 14
156. 98
123. 68
152. 08
141. 70
155. 55
157. 96
131. 66
135. 24
146. 20
124. 53
143. 39
136. 26
138. 16
151.20
133.45
136. 53
155. 91
124. 49
148. 06
140. 84
141. 29
155.72
133. 67
136. 32
153.38
127. 08
148. 77
140. 48
142. 16
156. 77
131. 04
136. 00
145. 73
126. 42
142. 84
135. 10
138. 87
150. 38
' 132. 09 '134.51
'137.60 137. 48
'145.39 148. 83
r
127. 32 129. 50
' 146. 07 ' 146. 86
'138.55 138. 57
'138.50 139. 08
153. 85 155. 13
134. 62
112. 52
135. 15
113.27
136. 95
79.02
111.11
68.57
111.83
131. 36
111.08
133. 99
78.23
110. 43
67.47
113. 52
133. 14
111. 63
135. 14
78.60
111.11
67.64
113. 52
137. 06
113. 15
134. 72
79.45
110. 70
69.14
114. 59
136. 42
114. 12
139. 35
80.94
112.20
70.48
113.63
136. 63
112.33
136. 54
80.73
111.38
70.11
112.83
138. 78
114.11
137. 86
79.92
111.93
69.09
115. 56
138. 14
114.24
141. 20
79.86
112. 74
68.87
114. 75
136. 43
117. 03
140. 53
79.79
112. 87
68.64
113.28
137. 82
115.31
140. 11
80.14
114.52
69.65
112. 88
132. 80
112. 97
139. 18
80.30
114.09
69.15
113.71
134. 60
114.62
141. 44
80.59
114.05
69.10
'114.26 114. 53
'135.11 121. 16
'111.36 111.93
' 139. 59 140. 08
' 80. 59 ' 81. 09
114. 74 '115.37
69.30 ' 69. 80
82.21
99.32
82.21
98.85
82.21
98.69
81.18
99.06
82.43
99.80
82.21
99.32
82.14
99.70
82.81
100. 44
82.73
100. 81
83.78
101.08
85.04
100. 74
85.19 '84.82
102. 67 '102.12
53.34
61.12
52.36
60.04
52.97
61.44
52.68
62.15
53.72
61.76
53.58
60.74
53.73
61.88
55.06
62.65
54.83
61.99
55.35
62.87
55.05
62.79
55.63
62.02
2.71
2.59
2.89
2.75
3.20
2.27
2.20
2.72
3.28
3.58
2.87
3.08
2.64
3.33
3.44
3.30
2.70
2.22
2.45
2.35
2.52
2.19
1.96
1.89
2.75
3.16
2.98
3.41
3.60
2.66
1.94
2.70
2.58
2.88
2.74
3.17
2.25
2.17
2.71
3.28
3.59
2.85
3.06
2.62
3.29
3.41
3.25
2.69
2.21
2.43
2.33
2.53
2.27
1.93
1.87
2.72
3.13
2.94
3.42
3.62
2.64
1.94
2.70
2.58
2.88
2.74
3.18
2.27
2.19
2.71
3.28
3.59
2.86
3.08
2.63
3.28
3.37
3.29
2.69
2.21
2.44
2.34
2.54
2.27
1.93
1.87
2.73
3.15
2.95
3.41
3.61
2.65
1.94
2.71
2.58
2.88
2.74
3.18
2.28
2.20
2.72
3.29
3.60
2.85
3.08
2.63
3.30
3.39
3.30
2.70
2.21
2.45
2.34
2.53
2.30
1.98
1.87
2.75
3.15
2.98
3.41
3.62
2.65
1.94
2.71
2.59
2.88
2.74
3.18
2.29
2.19
2.71
3.29
3.61
2.85
3.06
2.62
3.30
3.40
3.30
2.69
2.20
2.46
2.35
2.52
2.32
1.97
1.87
2.77
3.14
3.00
3.42
3.63
2.67
1.91
2.70
2.57
2.87
2.73
3.21
2.30
2.21
2.73
3.28
3.59
2.86
3.07
2.62
3.31
3.42
3.32
2.69
2.20
2.45
2.34
2.49
2.17
1.98
1.90
2.77
3.15
3.00
3.39
3.58
2.65
1.94
2.74
2.61
2.93
2.78
3.23
2.33
2.23
2.75
3.32
3.61
2.91
3.11
2.66
3.40
3.54
3.33
2.72
2.23
2.47
2.36
2.51
2.08
1.99
1.90
2.79
3.20
3.02
3.43
3.62
2.70
1.96
2.75
2.62
2.94
2.79
3.23
2.33
2.24
2.76
3.31
3.59
2.91
3.12
2.66
3.41
3.55
3.35
2.73
2.23
2.48
2.37
2.52
2.09
2.00
1.93
2.79
3.21
3.03
3.43
3.60
2.69
1.96
2.76
2.63
2.94
2.80
3.23
2.30
2.24
2.77
3.31
3.58
2.91
3.13
2.67
3.40
3.52
3.37
2.73
2.25
2.49
2.39
2.54
2.11
2.01
1.93
2.79
3.21
3.04
3.46
3.64
2.69
1.98
2.77
2.65
2.95
2.82
3.25
2.28
2.26
2.77
3.30
3.56
2.93
3.15
2.68
3.41
3.53
3.36
2.75
2.28
2.50
2.40
2.57
2.18
2.00
1.93
2.79
3.21
3.04
3.46
3.63
2.69
1.98
2.78
2.67
2.95
2.83
3.25
2.29
2.26
2.76
3.31
3.58
2.93
3.15
2.69
3.40
3.50
3.37
2.75
2.32
2.51
2.42
2.60
2,20
2.01
1.95
2.80
3.21
3.04
3.50
3.67
2.70
2.01
2.78
2.68
2.96
2.84
3.23
2.32
2.26
2.77
3.30
3.56
2.93
3.16
2.71
3.38
3.46
3.38
2.77
2.33
2.53
2.44
2.61
2.28
2.01
1.99
2.80
3.22
3.04
3.54
3.71
2.69
2.03
2.79
2.68
2.96
2.84
3.22
2.32
'2.28
2.78
3.31
3.59
2.93
3.16
2.71
3.37
3.45
3.39
'2.77
2.34
2.54
2.45
2.63
'2.34
2.01
2.00
2.81
3.23
3.05
3.56
3.75
2.70
2.05
2.80
'2.69
2.97
'2.85
3.22
'2.36
'2.29
'2.79
'3.29
3.56
2.94
3.15
2.73
3.39
3.49
3.39
'2.77
2.33
2.55
2.46
2.65
'2.36
2.02
'2.01
2.82
3.22
3.05
3.57
'3.77
'2.70
2.06
3.05
3.17
«3.61
2.87
3.87
3.74
3.54
4.12
2.94
3.15
3.40
2.86
3.81
3.68
3.44
4.07
3.05
3.14
3.67
2.86
3.83
3.70
3.47
4.10
3.06
3.16
3.67
2.85
3.83
3.69
3.54
4.09
3.05
3.18
2.87
3.85
3.70
3.55
4.11
3.06
3.19
3.66
2.86
3.89
3.75
3.61
4.13
3.11
3.20
3.71
2.91
3.96
3.83
3.69
4.21
3.12
3.21
3.72
2.91
3.95
3.84
3.66
4.19
3.12
3.22
3.72
2.93
3.95
3.86
3.57
4.20
3.14
3.22
3.73
2.95
3.98
3.88
3.55
4.22
3.16
3.20
3.75
2.99
4.01
3.87
3.59
4.26
3.15
3.20
3.68
3.01
3.99
3.86
3.57
4.26
3.16
3.23
3.69
'3.01
'3.98
'3.87
'3.48
4.25
3.18
3.25
3.73
3.04
3.98
3.86
3.53
4.25
2.66
3.18
2.79
3.30
2.13
2.73
1.91
2.65
3.15
2.77
3.26
2.12
2.72
1.89
2.64
3.17
2.77
3.28
2.13
2.73
1.90
2.64
3.18
2.78
3.27
2.13
2.72
1.91
2.69
3.18
2.77
3.31
2.13
2.73
1.91
2.68
3.17
2.76
3.29
2.13
2.73
1.90
2.68
3.22
2.79
3.33
2.16
2.75
1.93
2 70
3.22
2.80
3.37
2.17
2.77
1.94
2.70
3.21
2.82
3.37
2.18
2.78
1.95
2.71
3.22
2.89
3.36
2.16
2.80
1.94
2.72
3.20
2.86
3.37
2.20
2.81
1.97
2.74
3.22
2.88
3.40
2.22
2.83
1.98
2.74
'3.24
2.87
'3.38
2.22
2.84
1.98
2.74
3.18
2.87
3.40
'2.24
'2.87
'2.00
1.43
1.60
1.40
1.58
1.42
1.60
1.42
1.61
1.41
1.60
1.41
1.59
1.46
1.62
1.48
1.64
1.49
1.64
1.50
1.65
1.50
1.67
1.52
1.53
148. 80
81.09
115.09
70.00
85.56
102. 58
' 55. 78 55.85
63.24
64.13
2.80
2.70
2.98
2.86
3.21
2.39
2.29
2.81
3.29
2.97
3.16
2.74
3.40
3.40
2.79
2.33
2.55
2.46
2.64
2.36
2.02
2.00
2.81
3.24
3.07
3.53
3.74
2.65
2.06
3.16
4.00
2.24
2.87
2.00
1.6
1.71
1.70
d"D erived b y assumi ng that overtime hours are paid at the ra te of tinie and o ne-half.
9 In eludes d{ita for in iustries rlot showii separat ely.
SURVEY OF CURRENT BUSINESS
S-16
1966
Unless otherwise stated, statistics through 1964 1965
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual
June 1967
1966
Apr.
May
June
July
Aug.
1967
Sept.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
3.710
5.330
3.720
5.335
3.752
5.364
3.757
5.371
3.144
3.757
5.374
1 34
3.832
5.464
3.130
3.748
5.355
1.33
3.198
Nov.
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGSt-Continued
Miscellaneous wages:
Construction wages, 20 cities (ENR): §
Common labor
_$ perhr.. 3.415
Skilled labor
_
__ _ _
do
4.951
Farm without board or rm., 1st of mo
do
1.14
i 3. 008
Railroad wages (average, class I)
do
LABOR CONDITIONS
Help-wanted advertising, seas. adj.. .1957-59 =« 100..
155
Labor turnover in manufacturing estab.: t
Accession rate, totaL.mo. rate per 100 employees ._
4.3
Seasonally adjusted
do
N e w hires
_ _ _ _ _. _ _ _ d o
3.1
Separation rate, total
do
4.1
Seasonally adjusted
do
1.9
Quit
'
do
1.4
Layoff __do_ __
Seasonally adjusted
do
Industrial disputes (strikes and lockouts) :
Beginning in period:
3,963
Work stoppages
number
1,550
Workers involved
thous
In effect during month:
Work stoppages
number
Workers Involved"
- ..thous..
23,300
Man-days idle during period
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
6,473
Nonfarm placements
thous._
Unemployment insurance programs:
1,419
Insured unemployment, all programs©
do
State programs:
12, 047
Initial claims
do
Insured unemployment, weekly avg. . .do. ... 1,328
Percent of covered employment :cf
3.0
Unadjusted
Seasonally adjusted
1,131
Beneficiaries weekly average
thous
2,166
Benefits paid
mil. $
Federal employees, insured unemployment,
25
weekly average
thous
Veterans' program (UCX):
266
Initial claims
do
36
Insured unemployment, weekly avg_..do
34
Beneficiaries weekly average
do
67.5
Benefits paid
mil. $
Railroad program:
138
Applications
thous
30
Insured unemployment, weekly avg__.do
60.5
Benefits paid
_
mil. $
3,623
5.207
1.23
1
3. 106
3.533
5.108
1.28
3.083
3.567
5.141
3.644
5.213
3.083
3.075
3.678
5.238
1.26
3.095
3.693
5.273
3.700
5.294
3.060
3.098
3.700
5.301
1 18
3.106
190
189
185
184
186
189
189
193
194
193
189
190
'184
181
4.8
4.6
4.8
3.6
4.3
4.7
2.5
1.0
1.2
5.1
5.1
4.1
4.3
4.7
2.5
.9
1.1
6.7
5.3
5.6
4.4
4.9
2.5
1.0
1.3
5.1
4.6
3.9
5.3
5.0
2.5
2.0
1.7
6.4
5.1
4.8
5.8
4.8
3.6
1.1
1.0
6.1
5.0
4.7
6.6
5.1
4.5
1.0
1.1
5.1
5.1
4.1
4.8
4.5
2.8
1.1
1.0
3.9
4.9
3.1
4.3
4.5
2.1
1.3
1.1
2.9
4.5
2.1
4.2
4.4
1.7
1.8
1.3
4.3
4.6
3.0
4.5
4.6
2.1
1.5
1.4
3.6
4.2
2.7
4.0
4.8
1.9
1.3
1.5
'3.9
'4.2
2.8
'4.6
'5.2
2.1
1.5
1.7
*3.8
"4,0
^2.8
"4.3
M.7
P2.2
M.3
"1.5
4,200
1,800
350
228
480
208
430
150
420
235
440
108
380
117
390
193
320
114
150
33
275
98
325
106
430
141
440
409
25, 000
500
379
2,450
640
294
2,870
660
243
1,950
660
299
2,980
700
331
3,420
620
221
1,950
630
260
2,290
550
221
2,170
360
148
1,810
440
190
1,270
465
151
1,280
575
202
1,490
600
443
2,170
6,493
533
568
622
549
619
619
592
513
421
440
407
460
476
1,123
1,112
916
841
1,001
980
802
799
955
1,313
1,631
1,654
1,603
1,423
10, 575
1,061
693
1,044
665
862
690
793
1,019
947
826
928
626
755
709
753
915
903
1,280
1,254
1,346
1,558
1,087
1,582
1,061
1,532
1,005
1,360
2.3
895
1,771
2.3
2.2
931
155.5
1.9
2.1
806
126.1
1.8
2.1
702
114.4
2.1
2.4
719
113.8
2.0
2.4
791
143.1
1.6
2.2
640
106.5
1.6
2i
589
93.7
1.9
2.2
673
114.8
2.7
2.4
902
157.6
3.3
2.4
1,276
224.8
3.4
2.5
1,349
219.5
3.3
2.6
1,374
257.5
2.9
2.7
1,244
200.6
3.8
4.6
2.6
1.2
21
21
18
18
19
18
16
16
17
20
23
24
22
19
182
21
19
39.5
13
22
21
3.6
12
18
18
2.9
14
17
16
2.9
17
19
15
2.4
16
19
18
3.2
12
15
14
2.6
13
14
12
2.1
15
16
13
2.4
17
21
16
3.0
19
25
22
4.0
15
25
23
3.9
16
24
22
4.2
14
21
21
3.6
145
20
39.3
6
23
3.6
42
18
3.8
25
15
2.9
18
16
2.1
8
15
2.5
7
16
2.4
6
16
2.1
6
18
2.6
7
19
2.9
11
25
3.5
6
r24
5
23
4.2
21
3 370
3 359
13, 045
3 457
14, 169
3,153
3 575
15 199
3,781
3 704
16, 034
"172
16, 249
3.8
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil $
Commercial and finance co paper total
do
Placed through dealers
do
Placed directly (finance paper)
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
__mil. $._
Farm mortgage loans:
Federal land banks
do_ __
Loans to cooperatives
_
do
Other loans and discounts
do
3 392
9 058
1 903
7, 155
3 603
13 279
3 089
10, 190
3 464
11* 239
2 253
3 418
11 437
2 113
3 120
10, 769
9,324
2,090
8,679
8,080
9,452
8,788
8,946
4,281
1,055
4,958
4,553
4,647
3,205
3,087
2,745
1,290
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted: A
Total (233 SMSA's)O
bil. $
New York SMSA . . . .
do
Total 232 SMSA's (except N.Y.)
do
6 other leading SMSA'sf
do
226 other SMSA's...
do .
5 151 8
2, 138. 5
3, 013. 3
1, 140. 9
1, 872. 4
2, 502. 2
3, 420. 9
1, 328. 1
2, 092. 7
Federal Reserve banks, condition, end of period:
Assets, total 9
mil. $..
65, 371
70, 332
8,986
1,148
1,106
3,193
3 387
12, 835
9,822
2,653
10, 182
11,778
2,773
9,005
9,145
9,351
9,412
4,725
4,788
4,853
3,396
3,368
1,105
3,315
1,167
1,190
2,977
3 601
3 603
13, 279 '14,718
3,089
3,449
10, 190 '11,269
4,360
11,418 '11,556
3,830
4,356
10, 068
11,016
9,406
9,381
9,357
9,452
9,560
9,721
9,937
10, 103
10, 280
4,900
4,926
4,938
4,958
4,986
5,036
3,236
5,175
1,337
5,248
3,308
5,111
1,363
6, 315. 9
2, 756. 6
3, 559. 3
1, 386. 8
2, 172. 5
6, 553. 5
2, 854. 0
3, 689. 5
1,199
1,219
1,276
3,143
1,290
3,205
1,323
3,251
1,342
3,343
5,923 1 5,858 0 5, 909. 2 5, 908. 3 5, 868. 3 6, 092. 4 6, 105. 2 6, 065. 4 6, 078. 5
2, 501. 5 2, 513. 5 2, 494. 1 2, 394. 1 2, 597. 0 2, 559. 1 2,551.8 2,566.6
3, 356. 5 3, 395. 7 3, 414. 2 3, 474. 2 3, 495. 4 3, 546. 1 3, 513. 6 3,511.9
1,281.6 1,326.8 1, 327. 0 1, 343. 6 1, 357. 1 1, 387. 2 1, 364. 9 1, 373. 8
6, 406. 5 6, 409. 1 6, 294. 9
2, 844. 6 2, 847. 3 2, 724. 7
3,561.9 3,561.8 3, 570. 2
1, 405. 1 1, 362. 2 1, 389. 5
2, 074. 9 2, 068. 9 2, 087. 2 2, 130. 6 2, 138. 3 2, 158. 9 2, 148. 7 2, 138. 1 2, 156. 8 2, 199. 6 2, 180. 7
3,463
11, 772
3,590
1,316
3,716
1,451.4
2, 238. 1
65, 452
64, 797
66, 520
67, 574
66, 342
67, 385
67, 257
68, 376
70,332
67, 493
67, 490
67, 385
69, 015
68, 862
43,940
45, 816
877
42, 380
12, 890
44, 450
386
42, 518
12, 788
45, 475
773
42, 907
12, 779
45, 501
410
42, 975
12, 776
46, 281
458
43, 912
12, 667
47, 192
173
44, 282
45, 602
71
46, 507 '47,267
54
42
44, 908 45, 460
12,611 12, 604
47, 799
415
46, 066
12, 608
137
40, 768
13, 436
47, 192
173
44, 282
12, 674
43, 285
452
40, 713
13, 190
41,480
13,092
441
44, 656
292
42, 169
12, 993
12, 678
45, 799
165
43, 971
12, 626
do
65 371
70 332
65, 452
64, 797
66, 520
67, 574
66, 342
67, 385
67, 257
68, 376
70, 332
67, 493
67, 490
67, 385
69, 015
68, 862
do
do
do
19 620
19, 841
18, 736
37, 536
19, 673
18, 119
37, 880
20, 083
18, 567
38, 258
21,354
19, 591
37, 950
20 972
19, 794
40, 196
19, 155
38, 583
38, 660
20, 887
19, 538
38, 623
20, 767
19, 338
38, 759
19, 987
19, 093
39, 581
20, 972
19, 794
40, 196
20, 171
18, 773
39, 216
19, 879
18, 916
39, 115
20, 561
19, 148
39, 013
21, 353
19, 410
39, 070
20, 844
19, 634
39, 499
35.4
31.5
35.1
34.6
34.0
33.4
33.1
33.1
33.0
32.0
31.5
32.3
32.3
32.3
32.3
31.9
Reserve bank credit outstanding, total 9 .-do
Discounts and advances.
_ _do_ _
U.S. Government securities
do
Gold certificate reserves
do
Liabilities, total 9
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
Ratio of gold certificate reserves to FR note
liabilities
__
.percent..
l
43,340
18,447
'Revised.
? Preliminary.
Includes adjustments not distributed by months.
§Wages as of June 1, 1967, common labor. $3.876: skilled labor, $5.533.
fSee corresponding note, bottom of p. S-13.
®Excludes persons under extended duration provisions.
cf Insured unemployment as % of average covered employment in a 12-month period.
3 369
12, 183
2,361
17,399
12,674
43,464
ARevised series. "
OTotal SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SUEVEY OF CURRENT BUSINESS
June 1967
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
S-17
1967
1966
1966
Apr.
End of year
May
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
23, 240
22, 842
398
766
-368
23, 333
23, 031
302
733
-431
23, 251
22, 862
389
611
-222
23,830
23,438
392
557
-165
24,075
23,702
373
389
-16
Feb.
Mar.
Apr.
May
FINANCE—Continued
BANKING- Continued
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total __ .
_
mil $
Required _.. .
do
Excess
do
Borrowings from Federal Reserve banks. __ do
Free reserves
do
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:©
Deposits:
Demand, adjustedcf
mil $
Demand, total 9 _
do
Individuals, partnerships, and corp
do
State and local Governments
do
U.S. Government.
do
Domestic commercial banks. _
do
Time, total 9
do
Individuals, partnerships, and corp.:
Savings
__ ._ _.
_
do
Other time .
do
Loans (adjusted) , totals
do
Commercial and industrial
do
For purchasing or carrying securities
do
To nonbank financial institutions
do. _ _
Real estate loans. _ _
do
Other loans
do
Investments, total
do
U.S. Government securities, total
do
Notes and bonds..
_._
do
Other securities
do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas. adj. :t
Total loans and investments© - - bil. $
LoansOdo
U.S. Government securities
do
Other securities
. __ _
do
Money and interest rates: §
Bank rates on short-term business loans:
In 19 cities
percent per annum
New York City
do
7 other northern and eastern cities
do
11 southern and western cities
do
Discount rate (N.Y.F.R. Bank), end of year or
month
percent. _
Federal intermediate credit bank loans. _ _ _ d o _ _ ~~
Federal land bank loans
do
Home mortgage rates (conventional 1st mortgages) :
New home purchase (U.S. avg.)
percent-Existing home purchase (U.S. avg.)
do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days) _ _ .do
Commercial paper (prime, 4-6 months).. do
Finance Co. paper placed directly , 3-6 mo.do
Stock Exchange call loans, going rate
do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent _.
3-5 year issues.
do
Savings deposits, balance to credit of depositors:
N.Y. State savings banks, end of period
mil.$_.
U.S. postal savings t-_
.
do
1
1
22, 719
22, 267
i 452
U54
i 2
75 901
110 201
81, 070
5,854
4 059
12, 399
85, 298
50 694
22 111
125 789
53 113
6,633
11,187
25 577
34 917
52 811
26, 638
21 591
26, 173
294 4
192 0
57" 7
44 8
3 5 06
3
4.83
3 5.09
3
5.34
4.50
34.94
3
5 43
1
23 830 22 528
23 438 22, 170
i 392
358
626
1557
i 165
—268
1
22 487
22, 117
370
722
—352
22, 534
22, 212
322
674
—352
23, 090
22, 686
404
766
-362
22, 655
22,317
338
728
-390
23, 709
23, 351
358
362
-4
23, 405 ' 23,362
22, 970 ' 23,053
435
309
134
199
175
236
23, 280
22, 913
367
101
266
75 120 74 142 71 914 71, 424 70, 784 71, 358 71, 189 72, 609 73, 134 75, 120 73, 703 72, 600 72, 841 71, 484
114 765 107 929 109 492 109, 039 105, 648 104, 648 104, 851 107, 531 108, 956 114, 765 111, 768 109, 635 106, 592 110, 455
83, 108 79, 132 77, 590 75, 955 76, 037 76, 720 76, 248 77, 640 79, 482 83, 108 79. 215 79, 254 77, 469 77, 831
6,624
6, 137
5,748
5,706
6,310
6,771
6,310
5,996
6,229
6,172
5,937
6 538
6 137
5 956
3,463
2, 782
3,882
3,180
4,313
4,515
2,944
3, 355
6,150
7 767
3,752
5 032
3 882
4 263
13 838 11 799 12 686 11,857 12, 266 12, 058 11, 710 12, 692 13, 077 13, 838 13, 481 13, 236 12, 462 12, 927
89 639 89 904 90 152 90, 327 91, 168 91, 398 90, 523 88, 879 88, 527 89, 639 92, 985 94, 240 96, 133 96, 569
72, 786
111,496
79, 783
6,249
2 705
13, 490
97, 828
47 213 48 825 48 540 48 526 47, 500 47, 342 47, 351 47, 076 47, 038 47, 213 46, 459 46, 609 47 098 46, 970
29 OO9 27 133 28 295 28 711 30 649 30, 882 30, 327 29, 220 28, 967 29, 002 32 425 33 024 34 039 33 769
134 761 128 547 130 800 133 125 132 563 131, 426 132, 202 132, 176 131, 741 134, 761 133 268 132 359 133 027 134 237
60 779 55 063 56 416 58* 279 59 039 58, 306 59, 440 59, 723 60, 042 60, 779 60 385 60, 730 61 962 62, 643
5,339
6,691
6,901
6,501
5,826
5.708
6,145
6,799
7,419
6,642
6,975
6,979
6,691
6,869
9,723
9,942
9 612
11 228 11 109 11 249 11 946 11,347 10, 457 10, 825 10, 645 10, 349 11, 228 10 280
27 492 96 231 96 481 26 701 26 939 27, 207 27 403 27, 517 27, 561 27 492 27 290 27 168 27 131 27, 087
l
9
9
9
9
34 799 34 794 35 877 35 3 9 34 605 35 3 1 34 424 34 042 34 657 34 7 9 34 35 33 808 33 85 > 34 073
51 509 50 981 50 096 50 353 49 88° 50 966 50 719 49 670 49 915 51 502 53 163 54 147 56 038 56 033
24, 803 24, 189 23, 006 22, 531 22, 340 23, 527 23, 180 22, 863 23, 491 24, 803 25, 758 25, 629 26^ 770 25, 326
19 816 9Q 147 19 535 19 662 19 639 19 296 19 081 18 991 19 637 19 816 20 246 21 058 21 248 21, 446
26, 699 26, 792 27, 020 27, 822 27, 542 27, 439 27, 539 26, 807 26, 424 26, 699 27, 405 28, 518 29, 268 30, 707
47, 285
34 709
2 3iQ 7
2 208 2
54 3
2
48 3
3
6
35
6
36
3
302 9
9QQ 8
55 9
46 2
304
9Q2
55
47
9
3
1
4
5
5
5
6
00
84
06
14
4.50
3
5.82
3 c *i 74
2 307 7
2 204 0
55 i
2
48 6
309
206
54
48
2
4
4
5
310
206
56
48
8
6
1
1
308
206
54
48
6
6
6
6
82
65
86
00
4.50
5.53
5 49
4.50
5.65
5 52
4.50
5.68
5 60
4.50
5.91
5 93
4.50
5.99
5 96
c
7
1
3
3
308
207
52
48
1
3
4
4
308
207
52
48
4
3
9
3
310
208
54
48
30
13
40
42
6
6
6
6
4.50
6.13
5 98
4.50
6.29
c 6 00
c
4.50
6.33
6 00
c
7
2
3
3
314
211
53
49
5
3
8
5
316
210
54
50
2
7
9
7
321 5
212 1
57 6
51 9
323
214
56
53
8
l
4
3
133 106
61 836
6,302
9,634
27 295
34 509
56 266
25, 398
21 544
30, 868
326
214
57
54
1
1
4
7
31
16
38
46
4.50
6.38
6 00
4.50
6.38
" 6 00
4.50
6.38
" 6 00
4.50
6.17
c 6 00
4.00
6.03
c 6 00
r
35.76
5.89
3
6. 11
3 6 24
5.99
6 09
6.02
6 16
6.07
6 18
6.12
6 24
6.18
6 35
6.22
6 40
6.32
6 49
6.40
6 50
6.44
6 52
<6.47
* 6 54
6.44
6 49
'6.41
6 44
M.22
5
4. 38
54.27
54.69
5
5.36
55.55
55.42
55.78
5.00
5.38
5.25
5.50
5.18
5.39
5.38
5.50
5.39
5.51
5.39
5.52
5.58
5.63
5.51
6.00
5.67
5.85
5.63
6.12
5.75
5.89
5.67
6.25
5.72
6.00
5. 82
6.25
5.67
6.00
5.88
6.25
5.60
6.00
5.88
6.25
5.23
5.73
5.50
6.20
4.88
5.38
5.19
5.75
5 3. 954
5
4 22
5 4. 881
5
5 16
4.611
4 86
4.642
4 94
4.539
5 oi
4.855
5 22
4.932
5 58
5.356
5 62
5.387
5 38
5.344
5 43
5.007
5 07
4.759
4 71
30,312
309
32,025
122
30, 496
277
30, 581
230
30, 716
192
30, 868
182
31, 006
169
31,290
159
31,398
147
31,590
140
32, 025
133
Total outstanding, end of year or month
mil. $.. 87, 884 94 786 88, 184 89, 092 90, 070
Installment credit, total
.
do
68 565
74 656 69 543 70 209 71 194
Automobile paper.
do
28 843
30 961 29 597 29 908 30 402
Other consumer goods paper. .
.
do
17 693
39 834 17 597 17 732 17 959
Repair and modernization loans
do
3,602
3,675
3 642
3 751
3 677
9Q 11Q
Personal loans _ _
do
18 354
18 747 18 997 19 156
By type of holder:
Financial institutions , total
do
60 273
65 565 61 539 62 178 63 097
Commercial banks
do
29 173
32 155 30 127 30 507 31 013
Salesfinancecompanies
- . do
16, 138
16 936 16, 191 16 263 16 454
7 711
Credit unions
do
7 512
7 839
8 009
8 549
Consumer finance companies
do_
5,670
5,606
5, 742
6,014
5,695
1 §74
Other..
do
1 844
1 840
1 879
1 911
Retail outlets, total
do
8 292
8 004
9 091
8 031
8 097
Department stores
.
do
4,488
Furniture stores
„ _
do
1 235
Automobile dealers
do
447
466
47°
480
490
Other
_
do
2,122
Noninstallment credit, total
do
19, 319
20, 130 18, 641 18, 883 18, 876
Single-payment loans, total
do
7,682
7, 836
7,844
7,925
7,901
Commercial banks
do
6 587
6 717
6 714
6 784
6 767
Other financial institutions
do
L 095
1 130
1. 119
l'l4l
1. 1 34
T
Revised.
c Corrected
1
2
Average for Dec,
Effective with the June 9 change in Federal Reserve regulations,
data exclude loan balances accumulated for payment of personal loans (about $1.1 bil.); beginning June 30, about $1 bil. of certificates, formerly in "other loans," are in "other securities."
3
Average for year.
4 Beginning Jan. 1967, data are on a new basis; they are not comparable
with earlier figures.
& Daily average.
©All data shown reflect changes in coverage and format; comparable data for July-Dec.
1965 appear in the Mar. 1967 issue of Federal Reserve Bulletin. Revisions for 1966 reflect adjustments for mergers (Jan. and Feb. data will be shown later).
cf For demand deposits, the term "adjusted" denotes demand deposits other than domestic
90, 650
71 869
91, 639
72 899
91,899
73 073
92, 498
94, 786
74 656
680
165
711
306
91,483
72 640
30 918
18 390
3,755
19 577
30 793
18* 564
3 771
19 701
30
18
3
19
63 745
31 398
16, 585
8 093
5,791
1 878
64 454
31 737
16,732
8 238
5, 846
1 901
64 613
31 778
16, 759
8 394
5, 858
1 894
64 799
31 878
16,771
8 391
5,863
1 889
8 117
8 186
8 916
8 981
485
489
487
489
490
490
488
485
486
490
18, 788
18, 843
18, 826
19, 007
20, 130
19, 464
18, 919
7,849
6 718
1. 131
7, 768
6 656
].' I I 9
7,807
6 678
1.129
7,844
6 714
1 .' 1 30
18,928
7,769
6 647
19, 249
7,844
6 720
1 .' 1 24
18,810
7,814
6 699
1. I 99
4.00
5.78
6 00
3
6.37
6. 36
6.28
6 31
4.68
5.24
5.01
5.75
4.29
4.83
4.57
r
5.50
4.27
4.67
4.41
5.50
4.554
4 73
4.288
4 52
3.852
4 46
3.640
4 68
32, 341
109
32, 564
102
33, 079
92
33, 171
83
79
92, 517
92, 519
93, 089
961
834
751
110
93, 479
74 015
30 689
19 649
3 703
19 974
73
30
19
3
19
598
530
426
666
976
73 591
30 597
19 369
3*648
20 047
73
30
19
3
9
0
65 046
31 978
16,790
8 480
5,881
1 917
65 565
32 155
16 936
8 549
6,014
1 911
65 162
32' 033
16,' 814
8 443
5,969
1 903
64 966
31 967
16 696
8 429
5, 965
1 909
65 006
32' 068
16, 593
8 485
5,951
1 909
65 298
39 299
16, 590
8 561
5, 951
1 897
8 445
9 091
8 853
8 639
8 585
8 54°
r
CONSUMER CREDIT:
(Short- and Intermediate-term)
30
IS
3
19
85°
714
770
737
73
30
18
3
19
491
937
945
772
837
30
19
3
20
7,779
6 659
i! 120
7,754
6 634
1 .' 1 20 c 1*192
840
635
376
636
193
7,890
6 758
1.' 139
commercial interbank and U.S. Government, less cash items in process of collection; for
loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
9Includes data not shown separately. tRevised monthly data for commercial bank credit
prior to June 1965 appear on p. 28 of the Nov. 1966 SURVEY; those for consumer credit prior
to Mar. 1965 appear in the May 1966 Fed. Reserve Bulletin.
OAdjusted to exclude interbank loans.
§For bond yields, see p. S-20.
^Monthly data are as of the following dates:
1966—Apr. 22; May 20; June 30; July 15; Aug. 12; Sept. 9; Oct. 7; Nov. 4; Dec. 2; 19G7-—
Jan. 27; Feb. 24; Mar. 24; Apr. 21; May 19.
SURVEY OF CUREENT BUSINESS
S-18
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1967
1966
1966
1965
June 1967
Annual
Apr.
May
June
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar
Apr.
5,993
Aug.
6 107
6 199
7 144
6,472
5,824
5,809
May
5,923
FINANCE—Continued
CONSUMER CR EDIT §— Continued
Total outstanding, end of year or month— Con.
Noninstallment credit— Continued
Charge accounts, total
mil $
Department stores
do
Other retail outlets
do
Credit cards
do
Service credit
do
Installment credit extended and repaid:
Unadjusted:
Extended, total
do
Automobile paper
do
Other consumer goods paper
do
All other. ._
do.
Repaid, total
do
Automobile paper
do
Other consumer goods paper
do
All other.. _.
_ _
do
Seasonally adjusted:
Extended, total
do
Automobile paper
do
Other consumer goods paper _
do
All other
do
Repaid, total
do
Automobile paper
do
Other consumer goods paper
do
All other..
.
do
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public: <?
Receipts from
mil. $
Payments to
_
do
Excess of receipts, or payments (— )
do
Seasonally adjusted, quarterly totals: $
Receipts from
do
Payments to
do
Excess of receipts, or payments ( — )
do
Receipts and expenditures (national income and
product accounts basis), qtrly. totals, seas,
adj. at annual rates: *
Receipts
bil $
Expenditures
do
Surplus or deficit ( — )
do
Budget receipts and expenditures:
Receipts, total
_ _
mil. $
Receipts, netf
.
do
Customs... ... .
.
do
Individual income taxes .
do
Corporation income taxes
. . ... do.
Employment taxes .
do
Other internal revenue and receipts
do
Expenditures, total t
do
Interest on public debt
do
Veterans' benefits and services _
. do
National defense
do
All other expenditures.
.
do
Public debt and guaranteed obligations:
Gross debt (direct), end of yr. or mo., totaL.bil. $..
Interest bearing, total.
.
do
Public issues
... _
do
Held by U S Qovt investment accts do'
Special issues. . . . . . _
do
Noninterest bearing and matured . ... do
Guaranteed obligations not owned by U.S. Treasury, end of year or month
... _ . bil. $
U.S. savings bonds:
Amount outstanding, end of yr. or mo.._do
Sales, series E and II.
do
Redemptions
do
i 6 746
i ggg
i 5 055
i 723
1
4 891
1
5 973
J
874
5 142
765
788
824
861
916
932
878
874
908
895
898
922
5 135
5 098
5, 067
5 056
5 021
5,003
4 951
5,001
5,142
5,213
5,341
5,350
5,436
78 896
28 491
23 502
26, 903
72 805
26 373
21, 361
25 071
6 658
2 486
1 874
2,298
5 942
2 137
1 727
2 078
6 694
2 526
1 898
2 270
6 0?8
2 215
1 763
2 050
7,236
2,746
2 013
2,477
6,251
2,252
1,786
2,213
6 670
2,466
1 945
2,259
6,002
2,188
1,739
2,075
7 025
2,543
2 023
2,459
6,247
2,305
1,798
2,144
6,189
2,070
1,935
2,184
6,000
2,195
1,761
2,044
6 403
2,369
1 949
2,085
6,159
2,310
1,799
2,050
6,611
2,346
2,044
2,221
6,193
2,261
1,813
2,119
7,442
2,178
2 720
2,544
6,277
2,154
1,831
2 992
5,674
1,923
1,808
1,943
6,315
2,195
1,993
2,127
5,488
1,916
1,655
1,917
5,905
2,075
1,878
1,952
6,641
2,350
1,985
2,306
6,648
2,353
2,042
2,253
6,495
2,294
1,927
2,274
6,246
2,186
1,920
2,140
6 472
2 298
1 933
2 241
5 979
2 159
1 784
2 036
6,675
2,419
1,944
2,312
6,126
2,211
1,767
2,148
6,732
2,383
2,050
2,299
6,168
2,238
1,803
2,127
6,689
2,431
1,995
2,263
6,087
2,223
1,792
2,072
6,578
2,387
1,958
2,233
6,103
2,213
1,784
2,106
6,522
2,378
1,941
2,203
6,142
2,244
1,820
2,078
6,657
2,461
1,947
2,249
6,213
2,255
1,836
2,122
6,433
2,297
1,928
2,208
6,112
2,225
1,796
2,091
6,501
2,240
2,031
2,230
6,221
2,202
1,882
2,137
6,497
2,177
2, 099 "
2,221
6,281
2,217
1,915
2,149
6,510
2,199
2,049
2,262
6,246
2,193
1,899
2,154
6,606
2,217
2,095
2,294
6,393
2,235
1,968
2,190
11 853
11 325
13 916
12 821
1 095
8,103 11,764
20 391
12 053 12, 927 15,206
8,338 -4,824 -3,442
7,523 10, 698
14, 748
13, 150 12, 604 13, 654
1,598 -5,080 -2,955
12, 845
12, 545
11, 251
11,641
-390
14, 490
13, 167
1,323
17, 070
11,189
5,881
39 649
35, 983
3 666
123 376
127 920
—4 544
5 670
6 505
2 302
1 958
2 245
5 974
2 145
1 729
2 100
75 508
27, 914
21 454
26, 140
67, 495
24, 267
19, 355
23, 873
7 144
36, 339
40, 041
-3, 702
36, 802
37, 820
-1,018
141 0
137 1
38
145.3
145.8
147.9
151.5
-3.6
1
145 136
150 868
—5, 731
528
124 9
123 4
16
142 5
142 °
124 354
96 679
1 646
56 102
27 035
17 268
22 303
101 378
11 615
5 151
52 773
32 582
146, 863
110 802
1,930
66,151
31, 986
24 059
22, 736
118 078
12 752
5,838
64 271
35, 872
13, 072
9 929
i 320. 90
1
316 52
i 270 26
i 15 51
i 46 26
1
4 39
i 329. 32
i 325. 02
i 273 03
1 16 69
151 99
1
4.30
319.
315
270
15
44
4
5 860
i 46
i 50. 46
4 49
5 44
3
151
5 908
5 888
5
20, 817
17 151
7,993
5,702
158
172
158
7 389
13, 746
8 452
898
299
12, 308
11, 852
456
38, 839
39, 126
-287
r
r
11,324
9,386
12, 046
7,757
161
160
134
6,749
6,212
1,868
1,888
10, 386
1,100
4,217
4,636
1,655
2,146
9, 512
1,160
1,673
1,918
9,987
1,173
3,352
1,713
9,459
1,108
10, 586
7,197
14, 833
12, 475
179
170
7,910
5,811
170
179
3,725
5,268
3,711
5,303
1,674
1,558
10, 263
1,091
2,614
1,920
11, 042
1,064
6,400
4, 547
1,793
1,924
11,883
1,086
1,220
2,011
10,977
1,098
9,819
7,394
12,815
10,606
7 341
2,440
1 320
1 821
8 362
1 013
3 615
1,833
9 055
1 025
7,295
8,251
2 719
2 380
9 439
1 068
4 995
2 078
4 895
2 650
6 303
1 757
4,910
3,851
5,560
4,025
5,973
4,345
5,536
4,122
5,500
3,233
5,911
1,861
6,201
2,238
5,758
2, 048
58
22
30
47
92
36
322. 36
317. 93
269. 12
15 58
48 80
4.43
319.91
315. 43
264 31
15 50
51 12
4.48
319.28
314. 88
264. 18
15.58
50.70
4.40
324. 42
319. 70
266. 46
15.96
53.24
4.72
324. 75
320. 01
266. 95
16 02
53.07
4.73
326. 89
322. 30
270. 41
16 06
51.89
4.59
329. 41
324. 86
272. 31
16 29
52. 55
4.55
329. 32
325. 02
273. 03
16.69
51.99
4.30
328. 87
324. 94
273. 69
16.90
51.25
3.93
.49
47
.47
.46
.49
.48
.50
.50
.49
.49
i 50. 92
4 86
6 00
50. 52
43
50.58
.41
50.63
40
50.70
.41
50.74
.39
50.70
.40
50.77
.41
50.84
.37
50.92
.37
1
289
51
751
485
47
359
49
878
450
.50
606
444
.48
532
.57
797
546
.47
580
555
.41
610
.45
823
467
635
562
149. 0
159.5
— 10 5
16, 527
11, 395
19,225
13, 534
170
150
5,016
6,728
2,353
2,261
11, 699
1,154
9,807
4,295
3,157
1,817
9,464
1,127
r
r
548
480
6, 893
3, 112
6,308
1,562
329. 62
325. 69
274. 20
18.04
51. 49
3.93
330. 95
327. 01
274. 95
18 51
52.06
3.94
327. 80
323. 88
272. 23
18.65
51.65
3.93
330. 89
326. 99
271. 82
.50
.51
.51
.51
.51
50.93
.49
51.01
.43
51.09
.46
51.16
.39
51.24
.44
.63
.47
.52
.45
55.17
3.89
.48
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies %
bil. $__ i 158. 88 i 1 02 161. 48 162. 04 162. 51 163. 49 163.94 164. 49 165. 43 166. 22 166. 94 168. 21 168. 93 169. 86 170. 57
167.
72.34
71.78
71.65
72.98
71.59
71.62
Bonds (book value), total.. .
do
71.87
72.59
71.15
72.81
71.69
71.18
71.10
i 70 15
71 90
7.50
7.44
7.36
7.91
7.38
7.29
7.58
Stocks (book value), total
do
7.28
7.36
7.81
7.34
7.31
7.33
19.13
18.76
65.19
64.80
63.34
66.02
62.97
65.80
Mortgage loans, total
do
63.68
64.35
65.50
64.01
61.71
62.10
62.55
i 60. 01
i 64. 61
i 55 19
59.96
59.56
Nonfarm
do
58. 13
60.72
57.78
60.26
58.46
59 12
60 52
58 78
56 65
56 98
57 38
i 59 37
4.88
4.88
4.79
4.94
Real estate
do
4.84
4.92
4.78
4.82
4.89
4.74
4.73
4.84
4.74
i 4 68
i 4 88
9.14
9.25
8.29
8.45
9.54
9.34
9.44
9.00
8.05
8.67
Policy loans and premium notes
... do
7.96
8.87
8.16
i 7 68
!9 12
1.40
i i 53
1.49
1.18
Cash
...
do
1.12
1.18
1.33
1.26
1.10
1.33
1.26
1.01
i 1 50
90
1.00
1
7.64
7.43
7.36
7.82
8.00
Other assets
.
do
7.17
7.47
7.70
7.74
7.65
7.31
7.43
7.63
i 5 73
6 23
Payments to policyholders and beneficiaries in
U.S., total
mil. $.. 11,416.6 12, 342. 2 984. 2
916.2 1, 087. 1 1,022.0
956.0 1, 309. 8 1, 048. 2
968.1 1,236.8 1, 034. 1
993.5
978.7 1, 081. 1
494. 2
456.0
454.5
Death benefits
do
406.2
459. 1
407.0
416.6
542.3
425. 1
419.1
421. 1
450.0
418 1
4 831 4 5 218 2
93.2
82.8
79.2
82.7
73.0
95.9
79.9
80.0
Matured endowments
do
77. 6
80.1
82.3
80.9
88.0
981.6
931 1
16.1
14.8
13.4
16.5
13.7
Disability payments
do
13.7
13.1
14 0
13. 0
15.0
12.4
13 6
15 2
169 3
163 0
95.6
116.5
95.3
98.2
Annuity payments
do
100.4
98.8
99.3
92.5
95.0
94.2
90.9
108.1
95.7
1, 038. 9 1, 152. 6
177.7
166. 9
193.3
Surrender values
do. Ill 1, 932. 3 2, 120. 6 178.6
165.0
167.1
182. 6
174. 1
189.6
176. 9
206. 0
178.2
189.4
190.0
427.8
Policy dividends
do
191. 6
192.2
163.0
254. 4
194.3
188.0
211. 6
200.7
236.1
268. 0
242.8
2. 519. 9 2, 699. 9
r
Revised.
p Preliminary.
*New series; latest revised data for earlier periods appear in the Aug. 1965 and July 1966
1
issues of the SURVEY.
HData for net receipts and total expenditures reflect exclusion of
End of year; assets of life insurance companies are annual statement values.
certain interfund transactions.
§ See note "t" on p. S-17.
Bother than borrowing.
JRevisions prior to 1965 for cash
transactions with the public (seas, adj.) and for Fob. 1964-Mar. 1966 for assets of all life insurance companies will be shown later.
::.:.;::
SURVEY OF CURRENT BUSINESS
June 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966
Apr.
Annual
S-19
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
LIFE INSURANCE-Continued
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :J
Value, estimated total
._
mil. $
Ordinary
do
Group and mass-marketed ordinary
do
Industrial
do
Premiums collected: J
Total life insurance premiums
Ordinary
Group and wholesale
Industrial
.__
do
do
do
do
1 142,166
82, 521
i 52,349
7,296
122, 479
88, 399
27, 270
6,810
10,340
7,475
2,291
574
10,107
7,600
1,878
629
10,101
7,624
1,908
569
9,361
6,794
2,041
526
9,778
7,307
1,910
561
9,725
7,052
2,117
556
9,880
7,412
1,878
590
10,095
7,698
1,835
562
14,614
8,230
5,850
534
8,661
6,640
1,481
540
9,707
7,019
2,140
548
12, 310
8,606
3,084
620
10, 820
7,836
2,407
577
15, 176
11,357
2,436
1,383
15, 946
11,947
2,644
1,356
1,265
957
206
102
1,321
999
218
105
1,304
995
213
96
1,300
981
217
102
1,339
997
238
103
1,261
954
210
96
1,339
1,013
220
106
1,292
971
221
99
1,657
1,138
280
239
1,328
1,026
196
106
1,272
953
226
93
1,446
1,104
242
99
1,321
1,004
219
98
13,632 13, 532 13, 433
26
20
-57
133 101, 401 101, 534
1,931 1,781
2,463
13, 332
-61
34, 334
2,426
13, 259 13, 258
162
-50
5,800 101, 436
2,432 2,770
13, 257
28
33, 943
2,265
13, 159
-36
42
7,922
13, 159
-34
58
2,054
13,157
-15
170
1,612
13, 107
-23
56
3,348
13, 107
12
285
1,494
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period)... mil. $__ 13, 733
13, 159
Net release from earmark§
do
-50
-198
Exports
thous $ 1,285,097 457, 333
Imports
.
do
42,004
101, 669
Production, world total
South Africa
_
Canada
United States
Silver:
Exports
Imports
Price at New York
...
Production:
Canada}:
Mexico
United States
mil $
do
do
do
thous $
do
-_dol. perfineoz
thous. fine oz..
do
do
Currency in circulation (end of period)
13,109 13,109
-3
162
2,326
21 440 o
1, 069. 4
125.6
58 6
1, 080. 8
114.6
90.8
10.3
91.9
10.4
89.3
9.2
89.4
9.3
90.1
9.2
91.7
9.2
89.7
9.1
90.8
8.7
87.7
9.6
89.5
8.7
87.8
8.9
89.5
9.1
89.1
54, 061
64, 769
1.293
114, 325
78, 378
1.293
7,358
7,277
1.293
15, 527
5,698
1.293
18, 022
6,629
1.293
6,638
7,055
1.293
14, 273
7,983
1.293
16, 596
6,387
1.293
2,471
6,214
1.293
7,105
5,878
1.293
4,915
5,785
1.293
14, 755
7,494
1.293
9,018
6,399
1.293
10, 693
6,136
1.293
11, 072
8,451
1.293
2,583
3,723
3,555
2,792
2,961
3,793
2,694
4,272
5,611
2,928
2,746
1,912
2,744
3,864
4,226
2,773
3,370
4,273
2,662
3,767
3,049
3,019
3,105
3,444
2,968
2,966
2,504
4,513
3,956
3,927
3,598
42.1
42.6
42.7
42.9
42.8
43.1
44.2
44.7
43.4
43.6
43.6
31,917 32,820
40, 333
44, 423 "457647 ~
1.296
43.7
bil. $__
42.1
44.7
41.5
Money supply and related data (avg. of daily fig.) : t
Unadjusted for seas, variation:
Total money supply^
bil. $._
Currency outside banks.
do
Demand deposits
do
Time deposits adjustedlf
do
U.S. Government demand deposits
do
162.6
35.3
127.3
137.6
6.3
169.7
37.5
132.2
3 153. 7
5.0
171.6
36.8
134.8
152.2
3.1
168.8
166.9
37.3
37.0
131.5
129.9
153.9 3 154. 1
6.3
7.2
167.9
37.8
130.1
155.8
8.2
166.9
37.9
129.1
157.0
5.2
169.4
37.9
131.5
156.9
4.4
170.1
38.1
132.1
156.6
4.8
171.0
38.5
132.5
155.6
3.7
175.2
39.1
136.2
156.3
3.5
174.6
38.4
136.2
160.0
4.2
170.0
38.3
131.7
163.3
5.1
173.1
171.3
38.6
38.5
132.8
134.5
166.1 '168.1
4.9
4.8
170.6
38.9
131.7
170.2
6.6
170.9
37.2
133.7
151.4
171.1
170.2
37.4
37.3
133.7
132.9
153.0 3 153. 7
169.6
37.7
131.9
155.3
169.6
37.8
131.8
156.6
170.5
37.9
132.6
157.1
169.6
38.0
131.7
156.8
169.2
38.0
131.2
156.8
170.3
38.3
132.1
158.0
169.6
38.5
131.1
160.5
170.4
38.7
131.7
163.2
172.8
38.9
133.9
165.3
174.1
39.2
134.9
169.3
52.7
111.8
37.6
47.9
33.2
52.6
109.5
37.8
49.7
32.8
52.2
107.3
38.3
50.4
33.1
52.9
106.9
39.1
51.3
34.0
54.0
111.9
39.0
51.5
33.9
54.2
111.4
39.4
52.1
34.3
54.0
111.2
39.6
52.2
34.3
54.6
111.3
39.6
52.5
33.9
56.9
121.8
40.0
53.2
34.2
57.2
124.7
39.4
50.9
34.8
55.6
119.4
39.4
52.6
34.2
54.8
117.2
39.1
51.2
33.9
Adjusted for seas, variation:
Total money supply
Currency outside banks
Demand deposits _
Time deposits adjustedlf
do
do
do
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted: f
Total (233 SMSA's) 9 -.ratio of debits to deposits
New York SMS A
do
Total 232 SMSA's (except N Y )
do
6 other leading SMSA'scf
do.-_
226 other SMSA's
do
48.3
99.6
35.3
44.9
31.3
. 52.8
109.4
38.3
50.1
33.3
27, 521
1,896
694
30, 937
2,102
702
84 375
525
194
7,400
580
180
7,933
528
166
345
911
3,474
5,055
799
1,298
1,487
124
241
948
1 228
260
351
440
99
217
856
1,247
251
303
353
54
240
823
1,373
173
350
370
1,395
3,058
2,379
383
858
615
381
772
601
318
748
617
321
674
527
721
3,496
3, 285
821
3,053
4,058
239
948
1 021
199
262
1,097
197
870
1,107
162
620
831
11, 979
12, 958
3,188
2,985
3,745
3,185
2,568
'2,765
632
702
673
57.7
123.0
40.8
54.2
35.1
51
191
786
1,341
67
325
296
1,151
2,499
1,926
167.3
6,748
451
105
338
*753
3,188
4,442
761
970
1,401
172.1
39.0
' 133. 1
799
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries
mil. $..
Food and kindred products
do
Textile mill products
do
Lumber and wood products (except furniture)
mil. $..
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining
do
Stone clay and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transport equip)
mil $
Machinery (except electrical)
do
Elec. machinery, equip., and supplies
do
Transportation equipment (except motor
vehicles etc )
mil $
IVTotor vehicles and equipment
do
All other manufacturing industries
do
Dividends paid (cash) , all industries
do
Electric utilities, profits after taxes (Federal Reserve)
mil $
Transportation and communications (see pp. S-23
and S-24).
4
4
4
4
SECURITIES ISSUED
Securities and Exchange Commission:
5,072
Estimated gross proceeds, total
mil. $_ . 40, 108 45, 015 3,668 3,182
By type of security:
4,261
3,457 3,114
Bonds and notes, total
do
42, 501
37,836
1,616
1,037
Corporate
do
15,561 1,372
13, 720
Common stock
do
737
182
56
1,939
1,547
74
13
Preferred stock
do
574
28
725
r
2
Revised.
1 Includes $27.8 bil. coverage on U.S. Armed Forces.
Estimated; excludes
U.S.S.R., other Eastern European countries, China Mainland, and North Korea.
3 Beginning June 1966, data exclude balances accumulated for payment of personal loans
4
(amounting to $1,140 million for week ending June 15).
Beginning with the period
noted, data reflect reclassification of companies between industries and are not strictly
comparable with those for earlier periods.
{Revisions for 1964-Jan. 1966 for insurance written, for Jan.-Aug. 1964 and Jan.-July 1965
3,407
3,676
3,249
2,518
6,686
3,277
5,091
7,523
5,253
4,207
3,974
5,110
7,367
3,297 3,539 3,183 2,381 6,574 3,151
5,000
1,761
2,219
1,262
1,333
1,004
975
1,575
755
1,593
1,535
91
119
139
61
61
40
106
40
70
106
143
24
17
6
70
51
67
31
50
20
for premiums collected, and for 1964 for silver production (Canada), will be shown later; those
for money supply and related data for 1959-July 1965 appear in the Sept. 1966 issue of Federal
Reserve Bulletin.
§Or increase in earmarked gold (-).
IfTime deposits at all commercial banks other than those due to domestic commercial banks and the U,S. Govt.
t Revised series.
9 Total SMSA's include some cities and counties not designated as
SMSA's.
<?Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland,
and Los Angeles-Long Beach.
SUEVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
June 1967
1966
Apr.
May
June
July
Aug.
1967
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
Estimated gross proceeds— Continued
By type of issuer:
Corporate total 9
mil. $
Manufacturing do
Extractive (mining)
. _.do_ .
Public utility
do
Railroad
- do
Communication
do
Financial and real estate.- do
Noncorporate, total 9 -TJ S Government
State and municipal
New corporate security issues:
Estimated net proceeds total
Proposed uses of proceeds:
New money , total
Plant and eouipment
\Vorkincr capital
Retirement of securities
Other purposes
- - --do _ _
do
do
do
15 992
5,417
342
2 936
284
947
4,276
18 074
7,070
375
3 665
339
2,003
1,941
1,582
703
15
371
35
77
122
1,106
392
50
277
47
44
157
2,427
1,168
53
330
16
279
283
1 085
404
43
288
21
52
166
1,712
540
28
318
27
321
114
1 400
650
55
82
29
200
309
892
385
6
258
12
98
73
1 115
233
25
335
10
170
108
1 661
682
17
414
15
154
42
1 684
649
27
222
51
296
267
1 418
570
15
279
20
106
248
2 362
1 283
35
510
42
147
92
1 994
1,148
34
402
12
108
138
24, 116
9 348
11.148
26, 941
8 231
11, 089
2,086
426
1,181
2,076
412
877
2,645
397
1,118
2,322
411
678
1,964
387
764
1,849
402
992
1,626
408
736
5,570
3 738
950
1,616
373
923
3 407
494
1 450
6 105
4 154
1 159
2,891
459
1,437
2,213
393
1,129
15 801
17 841
1 559
1 095
2 391
1 071
1, 688
1,384
876
1 098
1 643
1 669
1 400
2 334
1 964
1,000
746
254
38
58
2,245
1 786
459
27
119
932
667
265
32
106
1,617
1,353
264
18
53
1,114
887
227
268
783
630
153
46
46
1,033
839
194
12
52
1,363
1 128
235
8
273
1,522
1 135
388
21
125
1,375
918
457
1
24
2,178
1 755
423
17
139
1,870
1 314
556
12
82
__do
do
do
do
do
13, 063
7 712
5 352
996
1 741
15, 806
12 430
3 376
241
1,795
1,399
1 137
262
7
154
do
do
11. 084
6,537
11,089
6,524
1,181
1,061
877
865
1,118
384
678
174
764
620
992
362
736
266
950
989
923
458
1,450
454
1,159
756
1,437
634
' 1, 129
1,197
1609
5 387
* 1, 637
i 3, 712
604
5 862
1,744
3 858
625
5,797
1,839
3,741
601
5,798
1,658
3,809
622
5,700
1, 595
3,786
658
5,645
1,595
3,785
636
5,400
1,528
3,537
661
5,216
1,520
3,349
607
5,275
1,532
3,262
609
5,387
1,637
3,712
673
5 375
1,914
3,187
685
5 445
1,936
713
5,803
2,135
701
5,896
2,082
93.9
110.6
86.1
102.6
87.6
105.9
87.6
104.5
87.0
103.2
86.0
100.9
84.1
97.7
82.6
98.6
83.4
100.5
83.5
101.0
83.0
102.4
85.9
106.0
86.4
106.4
85.6
105. 8
85.4
104.9
83.4
101.1
83.76
78.63
79.75
79.56
78. 93
77.62
77.02
77.15
78.07
77.68
78.73
81.54
80.73
80.96
80.24
77.48
3 794 22 4,261.12
3 288 68 3,740.48
423 27
334 44
394. 28
344. 51
312. 44
258. 46
254 63
222. 05
306. 60
291.76
322. 01
315. 08
341 50
348 44
312. 46
313. 01
366 38
356. 22
446. 77
417. 53
409. 22
350. 65
478. 39
394. 94
381. 00
333. 15
3 643 11 4 100.86
3 150.16 3,589.62
402 67
318. 91
380. 69
333. 50
301. 98
248. 57
247 12
215. 03
295. 65
279. 97
312. 43
304. 96
332. 34
338. 21
293. 69
293. 70
348. 01
335. 45
428. 29
400. 29
385. 34
330. 33
451. 87
374. 71
349. 76
309.72
New York Stock Exchange, exclusive of some
stopped sales, face value, total.
mil. $__ 2, 975. 21 3, 092. 79
253. 71
285. 53
208. 88
169. 94
273. 90
232. 94
286. 55
260. 68
285. 40
328. 21
258. 78
281. 42
279. 94
329. 41
5.16
5.18
5.28
5.36
5.50
5.71
5.67
5.65
5.69
5.50.
5.35
5.43
5.42
5.56
5.11
5.26
5.46
5.83
5.24
5.42
5.60
5.96
_
State and municipal issues (Bond Buyer) :
Long-term
._
Short-term
9
1,171
947
SECURITY MARKETS
Brokers' Balances
(N.Y.S.E. Members Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
Money borrowed
mil. $
do
_ __do
do
1
534
i 5 543
i 1, 666
i 3 706
1
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility, and railroad (AAA issues):
Composited1
dol. per $100 bond .
Domestic municipal (15 bonds)
do
U S Treasury bonds, taxable!
-- .-do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Miarket value
mil $
Face value
do
New York Stock Exchange:
Face value
do-
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© .-
percent. _
4.64
5.34
do
- do__ _
do
do
4.49
4.57
4.63
4.87
5.13
5.23
5.35
5.67
4.96
5.10
5.18
5.41
4.98
5.10
5.17
5.48
5.07
5.16
5.29
5.58
5.16
5.25
5.36
5.68
5.31
5.38
5.48
5.83
5.49
5.58
5.69
6.09
5.41
5.50
5.67
6.10
5.35
5.46
5.65
6.13
5.39
5.20
5.30
5.53
5.97
5.03
5.18
5.38
5.82
5.13
5.23
5.49
5.85
do
do
- do _ _
4.61
4.60
4.72
5.30
5.36
5.37
5.09
5.21
5.19
5.12
5.23
5.20
5.25
5.32
5.26
5.33
5.39
5.37
5.49
5.54
5.48
5.71
5.78
5.65
5.63
5.72
5.67
5.59
5.64
5.72
5.63
5.65
5.78
5.45
5.42
5.63
5.33
5.25
5.48
5.39
5.37
5.51
5.37
5.37
5.51
5.46
5.59
5.62
-do
do
3.28
3.27
3.83
3.82
3.62
3. 59
3.78
3.68
3.83
3.77
3.96
3.94
4.24
4.17
4.03
4.11
3.74
3.97
4.02
3.93
3.77
3.83
3.40
3.58
3.60
3.56
3.54
3.60
3.69
3.66
3.96
3.92
- - --do
4.21
4.66
4.55
4.57
4.63
4.74
4.80
4.79
4.70
4.74
4.65
4.40
4.47
4.45
4.51
4.76
7.65
8.48
3.86
4.09
4.90
6.33
8.25
9.17
4.11
4.45
5.06
6.85
8.23
9.18
4.08
4.35
4.94
6.65
8.24
9.18
4.09
4.35
4.94
6.65
8.26
9.18
4.10
4.39
5.14
6.65
8.28
9.19
4.12
4.44
5.14
6.65
8.30
9.22
4.14
4.53
5.14
6.90
8.30
9.22
4.14
4.53
5.14
6.97
8.33
9.25
4.14
4.55
5.14
6.97
8.22
9.07
4.15
4.61
5.14
7.42
8.23
9.08
4.18
4.61
5.14
7.53
8.29
9.15
4.18
4.63
5.22
7.53
8.30
9.16
4.20
4.63
5.28
7.81
8.32
9.17
4.27
4.63
5.28
7.81
8.33
9.18
4.27
4.63
5.28
7.81
8.19
8.95
4.32
4.63
5.28
7.81
250. 31
284. 32
117. 08
95.06
230. 88
266. 77
102. 90
92.65
246. 67
288. 13
106. 33
102. 66
236. 01
274. 18
102. 45
93.56
230. 25
267.22
99.95
92.58
227. 17
262. 90
101. 03
89.63
211. 05
244. 39
92.51
81.22
207. 74
239. 01
94.57
80. 17
220. 60
250. 49
104. 92
83.37
218.34
248. 93
103. 47
83.25
217. 56
246. 38
105. 99
82.91
233. 54
266. 77
108. 12
93.13
233. 23
267. 35
105. 18
92.56
242. 02
278. 90
106. 81
93.52
251.52
293. 28
108.90
93.60
238. 37
277. 83
102. 58
94.89
3.59
3.44
4.10
4.74
4.18
3.05
3.64
3.50
4.08
4.95
4.30
2.98
3.93
3.77
4.48
5.58
4.85
3.22
4.00
3.86
4.38
5.65
4.67
3.15
3.78
3.69
3.95
5.46
3.96
2.70
3.76
3.64
4.01
5.54
3.90
2.92
3.78
3.69
3.94
5.56
3.80
2.92
3.55
3.43
3.87
4.97
3.79
2.93
3.56
3.43
3.99
5.00
3.94
3.17
3.44
3.29
4.00
4.95
3.84
3.28
3.31
3.13
3.92
4.95
3.83
3.31
3.44
3.22
4.21
4.88
3.96
3.51
5.48
5.69
6.18
Stocks
Dividend rates, prices, and yields, common stocks
(Moody's):
Dividends per share, annual rate, composite
dollars. _
Industrials
_ _
--do
Public utilities
do
Railroads
--do
N.Y. banks
do
Fire insurance companies
do
Price per share , end of mo. , composite
Industrials
Public utilities
Railroads
do
do
- - do
do
3.34
3.49
3.06
3.57
Yields, composite
percent. _
3.35
3.44
3.19
2.98
Industrials
_.do
3.84
3.99
3.99
3.30
Public utilities _ _
_ do
4.65
4.24
4.80
4.30
Railroads
do _
3.95 •
4.03
4.04
3.33
N.Y. banks
_-do. _
2.82
2.97
2.74
2.92
Fire insurance companies
do
r
Revised.
1 End of year.
9 Includes data not shown separately.
cfNumber of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
1 Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
OFor bonds due or callable in 10 years or more.
June 1967
SUKVEY OF CUREENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966
Annual
S-21
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Earnings, common stocks (Moody's):
Earnings per share (indust., qtrly. at arm. rate;
pub. util. and RR., for 12 mo. ending each qtr.) :
Industrials J
dollars
Public utilities
do
Railroads
_
do
16.42
5 92
8 16
16.78
6 30
8 67
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent-
4.33
4.97
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Railroad (20 stocks).
318
910
157
216
Standard & Poor's Corporation :cf
Industrial, public utility , and railroad:
Combined index (500 stocks)
1941-43=10..
Industrial, total (425 stocks) 9 . ... do
Capital goods (122 stocks)
do
Consumers' goods (181 stocks)
do. _ .
Public utility (55 stocks)
do
Railroad (20 stocks)
do
Banks:
New York City (10 stocks)
do
Outside New York City (16 stocks) . do
Fire and casualty insurance (20 stocks). ..do
New York Stock Exchange common stock indexes:*
Composite
12/31/65=50..
Industrial
do
Transportation
do
Utility
do
Finance
._
do
Sales (Securities and Exchange Commission) :
Total on all registered exchanges:
Market value
mil $
Shares sold
millions
On New York Stock Exchange:
Market value
rail
$
Shares sold (cleared or settled)
millions
Exclusive of odd-lot and stopped stock sales
(N.Y.S.E.; sales effected)
millions..
Shares listed, N.Y. Stock Exch., end of period:
Market value, all listed shares ...
bil. $
Number of shares listed
millions
50
88
88
41
308
873
136
227
70
60
56
35
14 12
6 19
9 13
17 83
6 08
8 98
4.78
337
943
140
260
27
70
26
64
4.83
314
890
137
233
62
70
32
07
4.93
311
888
134
229
51
73
07
24
5.00
308
875
133
227
07
87
72
18
5.18
286
817
126
207
45
55
68
91
5.23
276
791
126
197
79
65
20
05
14.90
6.37
8.20
18 08
6 30
8 67
5.28
273 35
778. 10
129 70
192 07
5.21
285
806
136
201
23
55
43
94
5.24
285
800
135
205
52
86
68
78
5.07
298
830
138
220
28
56
64
11
4.98
5.04
5.03
5.17
305. 65
851. 12
138 03
228 69
307. 70
858. 11
135. 96
231. 98
309. 45
868. 66
139. 29
228. 77
315. 57
883. 74
137 15
238. 27
88.17
85.26
91.60
86.78
86.06
85.84
80. 65
77.81
77.13
80.99
81.33
84.45
87.36
89.42
90.96
92.59
93.48
85.26
81.94
76.08
46.78
91.08
84 86
74.10
68.21
46 34
98.17
93 54
79.28
70.06
52 33
92.85
88 78
75 12
68.49
47 00
92.14
87 34
73 75
67.51
46 35
91. 95
86 38
73 87
67.30
45 50
86.40
79 81
69 91
63.41
42 12
83.11
74 74
67 89
63.11
40 31
82.01
72.67
66.67
65.41
39.44
86.10
77.89
68.25
68.82
41 57
86.50
79 83
67 76
68.86
41 44
89.88
82 70
69.97
70.63
44 48
93.35
86.72
73.78
70.45
46.13
95.86
90.08
75.10
70.03
46.78
97.54
92.37
77.53
71.70
45.80
99.59
95.10
79.13
70.70
47 00
38.92
71.35
64.17
33.32
63.80
64.55
33.67
64.17
65. 27
32.32
61 22
63.33
32.39
61 32
61.64
32.50
62 38
62.63
30.09
59 33
61.28
28.87
57 44
59.52
32.30
61.04
63.68
34.34
65.05
68.62
35.93
67 03
70.50
37.08
69 90
70.03
35.62
67.09
68.99
35.32
66.00
65.86
36.01
66.56
64.86
35.43
65.81
62.60
47.39
46.15
46.18
50 26
45 41
44 45
49.60
50.01
57 08
46 78
46 70
46.87
47.03
51 98
45 45
44 68
46.61
46 85
53 55
44 54
44 31
46.47
46 66
53 04
44 79
43 53
43.72
43 89
48 66
42 33
41 46
41.99
41 99
44 51
41 74
39 50
41.50
41.03
42 24
43 33
40 23
43.73
43.28
45 82
45 16
43 16
44.16
43 79
48 23
44 77
44 43
46.02
45.61
51 38
46 43
47 53
47.80
47 72
59 56
47 03
48 71
49.02
49.02
55 19
47 88
48*17
49.92
50.19
54 60
48 07
48 37
51.00
51 78
55 76
47 20
48 17
89, 225
2 587
123, 034
3 188
12,895
356
12,257
302
9 661
228
8,301
200
9 663
236
8 750
215
8,658
223
8,102
219
9 538
266
11,653
320
11 181
316
14,515
418
11,777
323
73 200
1 809
98 565
2 205
9 893
221
9 800
209
7 772
162
6 655
141
7 805
168
7 272
161
7 209
166
6 638
162
7 662
189
9 320
224
8 792
216
11 465
268
9 232
*206
1,556
1,899
186
171
141
120
162
120
146
146
166
208
183
225
188
219
537. 48
10, 058
482. 54
10, 939
536. 36
10, 276
507.77
10 507
502. 41
10 612
497. 11
10 733
458.66
10 787
454. 89
10 818
475. 25
10 842
480. 88
10 886
482.54
10 939
522. 75
10 989
527.04
11 046
549. 49
11, 073
572. 64
11 114
546. 65
11 199
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
Exports (mdse.) , incl. reexports, totalO - - mil. $
Excl. Dept. of Defense shipments
do .
Seasonally adjusted
27,478 2 30, 336. 0
26,699.5 29, 395. 5
2,615.6 2 568 7
2,504.6 2467 0
2358 9
do
2,599.0
2,463.2
2 410 8 2 489 5 2 456 0
2,426 7
2,326.8
2348 4
2,277.7
2 499 0 2 695 3 2 627 1 2 715 3 2 549 6 2 489 6 2 837 5 2 717 6
2,431 0 2 626 1 2 572 0 2 644 4 2 471. 3 2 419. 4 2, 799. 0 2 667 2
2 455 0 2 541 6 2 582 7 2 486 2 2 414 7 2 620 2 2 601 2 2 570 5 2 660 0
By geographic regions:A
Africa
Asia
_
Australia and Oceania ...
Europe
do
do
do
do
1,228 9 1, 348. 6
6 012 1 6 727 4
814 1
956 2
9 363 9 10,011.4
114 5
618 7
61 8
864 6
115
543
62
865
4
7
7
8
121 1
578 8
65 4
813 2
106
577
74
746
7
3
1
9
109 1
550 4
73 8
727 8
109 1
541 3
65 8
808 4
126 1
614 9
72 7
826 2
119 6
570 8
72 6
863 6
122
637
75
842
2
8
8
4
119 3
611 5
75 4
812 6
87
601
78
820
5
6
4
0
113 9
652 7
82 8
936 5
Northern North America
Southern North America
South America
...
do
do
do
5, 643. 2
2, 099. 1
2 174 9
6, 644. 8
2, 268. 1
2 504 3
566. 1
177.0
197 8
625.4
186.6
217 1
607 2
187.8
196 4
507 7
188.7
2*>7 2
502 7
174.5
210 3
581.6
193.6
199 3
621 3
213.9
220 2
597 6
198.6
204 1
583 7
225 2
247 g
539. 1
191.9
199 8
537.7
177.6
186 9
638.6
205.1
207 9
do
do
157.7
438.1
189.1
401.0
18.6
33.3
22.6
30.8
24.3
31.3
13.2
37.2
16.5
31.1
12.7
32.5
15 3
41.2
13.0
33.4
12 3
34.9
7.2
50.5
7.8
34.4
7.5
43.2
. do
do
do
do
799.4
928 0
335 9
91. 1
662.9
929.3
238.7
1
45.7
52.8
97 9
11 7
4 1
48.5
63 0
16 8
38
54
71
17
4
7
5
4
0
60 8
68 3
31 8
37
63 3
83 4
14 9
38
54 7
74 3
20 4
39
57
71
27
4
63
53
25
3
7
0
3
4
50 3
78 3
27 1
39
70
84
30
5
68
82
44
4
do
do
do
41 6
348 5
2 080 2
59.9
348.0
2 365 1
31
30 0
197 2
24
26 9
176 3
30
30 5
190 7
87
27 6
175 9
41
29 1
9Q4 7
66
27 8
205 1
55
32 8
218 2
79
28 1
231 5
10 8
38 7
235 4
6 7
33 8
207 1
4 4
31 0
218 2
098 1
do
do
„ do
970 7
12 4
1,649 6
1 007 1 83 7
24 9
4 2
1, 674. 0
151 8
86 6
34
147 8
80 7
6
134 2
79 7
6
124 6
67 8
18
131 6
87 1
33
138 9
84 3
15
138 2
80 9
1i
141 8
87 3
16
124 2
86 4
2 0
130 6
87 6
16
128 5
108 6
4 7
179 0
82 5
79 1
913.7
76 2
891 1
45.2
41.7
6.2
4.8
5.2
139.3
1,615.1 1, 736. 7 145.2
131.2
r
Revised.
* Preliminary.
i Beginning Jan. 1966, excludes data for Singapore.
{Revisions prior to Sept. 1965 will be shown later.
d"Number of stocks represents
number currently used; the change in number does not affect continuity of the series.
9 Includes data not shown separately.
*New series; index is based on the closing prices
of the more than 1,250 common stocks listed on the Exchange.
QBeginning Jan. 1965, data
67 1
2.8
132.2
By leading countries: A
Africa:
United Arab Republic (Egypt)
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
_ .
Malaysia
Indonesia
Philippines .
Japan
Europe:
France
.
East Germany
West Germany
....
._. .
Italy
Union of Soviet Socialist Republics
United Kingdom
do
do
do
2
9
i
1
66
100
32
3
2
4
8
5
1
4
7
0
0
8
7
2
10 3
35 9
70 6
79 1
77 9
74 0
76 6
76 7
78 8
88 7
.5
1.0
2.2
6.6
4.4
8.7
7.1
1.3
156.5
143.1
119.0
141.1
165.2
145.4
146.9
165.1
reflect adoption of revised export schedule; in some instances, because of regrouping of commodities and release of some "special category" items from the restricted list, data for commodities and countries are not comparable with those for earlier periods.
ABeginning
with the Jan. 1967 SURVEY, data for regions and countries (except India and Pakistan) are
restated to include "special category" shipments, formerly excluded.
June 1967
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Apr.
Annual
1967
1966
1966
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec
Jan.
Feb.
Mar.
Apr.
May
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), inch reexports— Continued
By leading countries— Continued
North and South America:
Canada
mil $
5,642. 8
6, 661. 0
566.0
625.4
607.2
507.7
502.7
579.9
621.2
597.6
583.7
539.0
537.6
638.5
do
3,871.7
4, 234. 9
333.0
361.4
341.7
372.5
342.8
346.0
383.3
350.0
400.0
347.6
319.4
360.7
Argentina
Brazil
Chile
do
do
do
267.5
347.9
237.4
244.3
579.4
255.2
15.9
46.1
19.6
18.9
51.6
24.7
16.2
34.9
23.4
19.4
54.0
21.8
19.3
55.8
22.5
16.5
47.4
15.7
21.7
51.9
17.8
26.7
42.1
19.2
37.6
63.6
24.8
19.0
42.8
21.7
25.9
39.5
16.0
19.8
53.5
23.6
Colombia
Cuba
Mexico _
Venezuela
do
do
do__.
..do
198.5
0)
1,105.9
625.6
287.0
0
1, 180. 2
598.0
23.3
0
88.3
49.6
28.1
0
98.3
49.8
25.6
0
96.8
52.1
28.5
0
101.6
56.5
24.6
0
89.4
46.1
22.5
0
101.5
53.5
23.6
0
113.6
52.4
22.2
0
98.4
46.6
23.3
0
103.4
49.9
19.2
0
102.8
49.0
23.1
0
90.8
43.0
16.8
0
105.4
44.4
do
do
do
7, 135. 3
6, 356. 5
6, 228. 6
0, 906. 7
9, 899. 1
8, 958. 6
6, 884. 5
3, 014. 6
Latin American Republics total 9
Exports of U S merchandise total OJ
Excluding military grant-aid
Agricultural products total
By commodity groups and principal commodities:*
Food and live animals?
do
Meats and preparations (incl. poultry). .do
Beverages and tobacco
do
Crude materials, inedible, exc. fuels 9
Cotton, raw, excl. linters and waste
do
do
Metal ores, concentrates, and scrap
do
Mineral fuels, lubricants, etc. 9
Coal and related products
Petroleum and products
do..do
do..-
, 556. 5 , 566. 7 , 530. 0 2, 395. 6 2, 314. 7 , 456. 8 2, 655. 6 2, 593. 5 2, 689. 0
, 420. 7 , 455. 7 , 428. 3 , 295. 7 , 244. 0 ,388.8 | 2,586.4 2,538.4 2, 618. 1
491.0
571.0
632.0
569.0
551.1
621.7
549.6
697.7
552.3
, 004. 2 , 017. 1 ,978.9 , 904. 6 , 743. 7 , 887. 8 , 033. 9 , 895. 8 2,057.1
, 516. 7 2, 459. 7
, 438. 4 , 389. 5
513.6
531.6
, 985. 1 , 946. 1
334.4
11.0
228.0
308.2
12.8
196.9
,801.1 2, 680. 9
, 762. 6 2, 630. 5
552.2
, 248. 9
358.3
12.9
242.5
327.8
4, 003. 1 4, 566. 7
158.9
161.8
2, 636. 6 3, 189. 3
403.0
10.5
296.4
375.1
10.6
264.5
377.7
12.4
266.9
346.5
11.3
248.9
386.3
13.8
277.7
398.2
14.2
273.9
393.5
18.6
260.5
394.4
17.0
269.0
352.1
11.6
241.2
623.7
33.6
29.9
33.9
49.4
62.1
71.2
73.9
74.7
78.5
39.6
41.3
47.6
59.2
280.7
53.8
62.9
34.7
288.2
47.9
54.2
47.3
263.0
81.4
39.1
36.9
76.4
33.3
38.0
84.4
517.0
2, 855. 5
486.2
650.1
434.2
3, 072. 2
432.2
759.9
421.8
237.3
22.5
60.5
31.5
256.5
26.3
66.3
39.5
255.3
22.1
67.7
37.9
216.7
18.3
40.7
40.6
230.4
39.8
36.7
36.9
225.5
40.4
18.7
40.7
286.1
34.9
92.0
42.2
337.9
59.7
124.7
35.1
312.2
72.4
85.5
31.2
276.7
56.6
67.2
29.8
946.5
494.3
417.6
977.5
493.3
435.6
78.5
39.1
34.8
78.4
41.6
32.8
91.8
49.7
38.2
81.9
39.2
39.2
89.8
49.3
35.9
96.6
49.6
42.0
92.0
48.6
41.0
82.5
42.1
37.2
75.9
34.2
38.5
68.9
29.3
31.2
471.6
356.0
23.1
37.0
32.3
29.1
33.8
26.7
21.6
27.7
32.6
21.4
32.2
33.4
29.2
218.3
233.0
232.2
242.5
227.7
218.5
218.0
218.1
235.9
227.1
215.2
242.5
234.2
294.6
48.5
48.5
45.2
276.1
47.3
47.8
35.1
294.8
50.6
54.8
40.0
289.9
48.0
57.1
47.1
285.6
42.1
52.8
49.5
325.5
47.4
54.5
61.5
309.3
Chemicals
do
2, 401. 7
2, 675. 9
Manufactured goods 9
Textiles
Iron and steel... _. _ _.
Nonferrous base metals
3, 256. 9
do
527.8
do
629.0
do _539.3
do
3, 434. 2
554.2
557.5
582.4
296.1
46.9
46.9
54.6
300.4
47.1
46.4
53.2
290.7
47.6
47.9
47.3
282.3
43.0
43.5
58.3
273.0
42.4
40.3
52.0
277.4
44.3
41.7
44.6
Machinery and transport equipment, total
mil. $._ 0, 147. 1 11, 164. 3
959.7
961.8
935.3
882.5
795.7
885.5 1, 039. 8
937.7 1, 050. 0 1, 005. 9
623.4
54.9
25.9
85.5
154.6
551.9
44.2
26.5
74.6
140.8
601.2
44.5
27.8
72.4
163.2
655.5
49.1
31.0
85.6
173.2
619.6
44.9
26.8
87.3
164.8
669.0
46.2
34.3
82.1
169.9
653.7
53.9
28.2
82.4
165.6
643.0
57.7
25.9
86.5
166.0
741.9
69.6
30.0
96.4
188.6
259.1
162.3
243.8
149.8
284.3
200.4
384.3
249.5
318.1
241.5
381.0
247.5
352.2
226.2
316.6
201.3
415.3
254.1
Machinery, tota!9
Agricultural
___
Metalworking
Construction, excav. and mining
Electrical
do
do
do
do
do
6, 702. 1 7, 445. 9
628.5
634.1
337.9
331.7
970.6
932.9
1, 659. 7 1, 898. 8
638.7
59.2
27.4
87.2
159.1
660.6
61.1
30.9
82.6
165.4
630.2
56.8
28.5
79.6
161.3
Transport equipment, total
Motor vehicles and parts
do
do
3, 445. 0
1, 975. 5
3, 714. 6
2, 386. 5
321.1
186.4
301.2
193.3
305.2
184.8
...
General imports, total J
Seasonally adjusted!
By geographic regions:
Africa
Asia__
Australia and Oceania
Europe
Northern North America.
__do
do
...
South America
By leading countries:
Africa:
Asia; Australia and Oceania:
Australia, including New Guinea.
India. _
Pakistan
Malaysia
Indonesia
Philippines
Japan
Europe:
France...
.7
15.0
.6
27.7
.9
21.9
29.9
27.4
4.7
13.8
14.9
23.3
227.6
36.6
28.5
7.6
17.7
12.2
29.0
257.4
30.2
21.1
4.8
10.8
15.3
22.9
193.2
27.2
29.4
6.4
18.8
17.5
36.3
251.5
56.5
.4
163.5
66.2
4.1
165.5
58.3
2.1
172.2
57.7
6.4
147.4
49.5
.4
142.8
61.9
1.9
133.7
57.9
.3
160.3
77.7
6.0
147.1
536.3
627.4
526.3
497.6
597.5
324.9
317.8
365.9
319.8
344.6
12.3
42.4
14.8
14.8
52.1
14.7
10.4
36.0
25.8
13.5
43.2
11.4
75.7
449.8
69.0
656.8
79.4
448.8
50.8
629.3
75.0
518.7
57.1
644.8
90.0
507.7
64.3
684.7
72.9
438. ,9
54.0
728.7
69.8
471.9
43.2
757.7
4, 837. 1 6, 131. 2
1, 741. 7 1,912.2
2, 623. 8 2, 785. 2
472.8
170.0
218.8
511.4
156.1
219.6
554.6
155.5
230.7
477.1
149.6
236.1
516.2
156.0
212.4
538.4
135.9
271.2
560.9
167.3
254.9
536.4
154.4
224.1
16.1
225.9
17.6
"250.5
3.6
17.4
.8
37.2
2.0
21.9
1.4
23.1
.6
15.5
1.1
34.4
.3
15.0
1.2
19.4
.9
22.9
do
do__
do...
do...
do...
do...
do...
313.7
348.1
44.8
211.9
165.2
369.1
2,413.9
398.7
237.0
67.8
2 176. 7
179.0
397.6
2, 964. 5
27.3
29.0
5.7
17.1
18.8
34.6
245.4
27.0
27.6
5.9
15.4
16.0
21.8
234.8
50.2
26.9
5.1
13.0
18.2
35.2
245.9
30.3
23.0
6.0
12.9
11.7
40.6
256.5
35.4
27.3
4.5
18.2
16.1
39.2
303.9
44.4
30.5
6.1
16.4
15.1
45.2
281.5
43.0
29.6
6.3
13.4
13.6
22.2
255.8
28.9
25.5
5.4
19.1
13.1
33.3
272.9
do...
615.3
6.5
1,341.4
619.7
42.6
1,405.2
698.0
8.2
1, 796. 8
743.0
49.4
1, 785. 6
53.3
.5
131.8
56.1
3.7
138.0
61.3
.8
141.7
58.4
4.5
149.7
58.5
.6
151.3
64.9
4.5
144.1
58.4
.7
149.4
61.2
5.0
138.6
60.0
.4
144.0
71.8
6.1
148.4
56.6
1.2
169.4
60.4
3.1
166.0
65.0
1.0
163.3
71.1
4.4
174.6
66.6
.8
175.9
73.6
4.0
178..7
4,831.9
6, 124. 7
472.8
510.8
554.3
476.4
515.0
537.4
560.1
327.9
301.0
351.3
354.8
11.3
42.3
20.0
12.4
25.5
17.4
12.0
87.8
24.9
11.5
79.3
19.6
13.1
46.7
21.3
do
do
do
do...
do
do...
122.1
512.4
209.4
3, 969. 9
148.8
599.7
229.1
326.3
14.4
44.9
16.2
318.3
13.7
43.1
18.0
326.1
14.5
48.1
17.9
20.1
26.8
20.7
244.8
276.7
0
0
0
0
0)
58.7
64.8
750.2
70.1
638.4
69.0
84.6
82.2
1,018.0 1, 002. 4
Venezuela
do...
2
••Revised.
^Preliminary.
1 Less than $50,000.
Beginning Jan. 1966, excludes data
for Singapore; such shipments amounted to $1.0 mil. in that month.
tRevisions for Jan.
1964-Nov. 1965 will be shown later.
9 Includes data not shown separately.
QSee
Colombia
Cuba
95.6
463.5
44.9
729.8
102.5
416.2
41.4
644.4
877.6
4, 528. 1
453.1
6, 292. 2
3, 674. 8
Argentina
Brazil
Chile
94.7
79.8
84.6
405.2
460.2 359.9
41.2
42.1
47.4
702.1 ' 702. 7 628.0
497.7
627.6 526.8
163.5
181.0
168.7
217.9
214.4
257.7
88.5
434.6
48.6
637.7
West Germany
_ __
. __ do_
Italy
. _
_.do
Union of Soviet Socialist Republics
do___
North and South America:
Canada
2
21,365.6 25, 550. 3 2, 071. 2 2,074.4 2,188.6 2, 072. 0 2, 180. 2 ?, 294. o 2, 278. 4 2, 257. 7 2,240.1 2,261.8 2, 003. 5 2, 355. 9 2,091.1
2,262.4 2,191.5 2,231.2 2, 295. 6 2, 204. 1 2, 184. 7 2, 224. 0
2,108.9 2,062.6 2,135.0 2,204.6 2,112.6 f) on-!
978.0
5, 278. 7
593.5
7, 863. 9
do
- ..do. _
do
do
do
do...
959.6 1, 157. 2 1,116.9
597.8
201.2
222.5
13.4
19.0
25.3
18.9
22.8
15.6
20.6
18.8
15.0
0
0
0
0
0
0
0
0
0
59.4
56.5
69.3
70.5
66.8
70.3
65.2
48.9
54.6
78.4
81.2
87.1
80.1
100.7
85.9
90.9
82.0
70.8
similar note on p. S-21.
*New Series. Comparable data prior to 1965 for the groups are
not available; data for individual commodities may be obtained from Bureau of Census
reports.
June 1967
SURVEY OF CURRENT BUSINESS
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1966
Apr.
Annual
S-23
May
June
July
1967
Aug.
Mar.
Sept.
Oct.
Nov.
Dec.
Feb.
Jan.
Apr.
May
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
General imports— Continued
By commodity groups and principal commodities:*
431.5
Agricultural products, total
mil $
362 0
338 6
381 3 356 9
415 3 364.6
335 8
405 9
4 083 6 4 530 5
424 5
361 1 389 6
Nonagricultural products, total
do
17 282 0 21 019 8 1 646 7 1 713 3 1 799 0 1 733 4 1 844 4 1 888 3 1 897 1 1 900 8 1 878 1 1 846 5 1, 638. 8 1, 924. 4
Food and live animals 9
Cocoa or cacao beans
Coffee
Meats and preparations
Sugar. _
do
do
do
do
do
Beverages and tobacco
do
3 459 6 3 947 5
120 5
122 2
1 058 5 1 067 3
' 426 5
599 5
442 5
501 2
553 2
641 7
7
1
0
9
8
82 6
4
2
1
4
3
309.4
93
74 5
46 2
61 7
299.0
4 6
63 7
53 9
45 4
372.3
52
98 9
57 1
73 3
358.2
67
99 9
58 4
48 1
326.3
7.9
72 7
48 8
40 9
330.8
12.8
75 8
50 1
35 4
355.4
24' 5
92 6
54 3
33 6
46 2
36 1
41 8
53 3
64 7
66.5
53.6
60 0
340
6
80
65
47
313 8
12 6
91 1
40 7
30 1
48 2
333
10
97
48
37
314.1
25.9
74 5
47.5
37.0
369.0
20.8
93.8
51.4
46.2
322.6
49.9
63.6
62.4
254.5
62.8
39.8
32.0
21.2
226.3
Crude materials, inedible, exc. fuels 9
Metal ores..
Paper base stocks
Textile fibers
Rubber.
_
do
do
do
do
do
3 046 6
915 4
421 9
435 4
188 1
3 265 6
l'oi9' 8
449 3
436 3
180 9
281 8
75 7
34 2
50 4
18 9
282
88
38
35
16
5
3
4
7
6
305 1
96 1
39 7
41 6
17 5
261 7
85.2
38 4
30 3
11 5
306 9
110 9
42 9
32 9
16 3
280 4
101 9
35 2
28 5
13 5
265 0
105.2
38 0
26 0
14 8
270 1
102.9
37 5
25 6
15 3
251 0
79.4
38 9
26 9
12 9
254
75
37
29
17
0
3
6
6
3
210.8
61.2
33 3
24.9
14.1
Mineral fuels, lubricants etc
Petroleum and products
do
do
2 221 5
2 092 5
2 262 0
2 127 1
172 0
160 9
169 8
155 8
193 8
183 3
188 1
181 5
204 5
190 3
182 9
169 9
182 6
173 7
181 5
170 1
182 5
173 0
226 7
212 7
186.7
172 3
211.8
197.2
193.8
Animal and vegetable oils and fats
Chemicals
do
do
116 5
768 8
146 2
964 0
66
86 0
11 4
85 9
12 6
85 3
82
71 9
12 6
78 7
10 5
95 1
11 9
79 4
12 8
80.5
13 1
74.7
14 2
82.4
14 8
80.0
11.3
90.2
8.0
83.7
do
do
do
do
do
5 555 4
789 6
800 4
1 234 7
1 266 8
6 353 9
889 5
908 5
1 305 0
1 551 7
508
71
83
90
126
4
0
2
5
8
567 6
78 4
83 1
123 5
135 2
541 5
81 0
71 8
118 5
125 3
555 3
63 9
75 8
129 3
131 5
566 0
76 0
79 1
131 2
135 0
579 9
81 0
80 4
134 4
139 3
564 2
78 8
75 5
116 6
136 0
581 9
77 9
67 2
140 2
147 4
513 5
75 4
69 3
99 2
133 5
522 1
72 8
80 9
101 6
128 9
471.7
64 6
60.4
98.2
122.6
531.9
71.4
76.7
114.4
129.7
490.8
do
2 947 §
4 827 6
355 0
385 8
404 5
366 9
378 4
416 7
434 7
454 5
547 8
484 4
434 7
537 2
430.4
do
do
do
1 746 2
63 5
639 6
2 618 4
135 3
1 015 9
209 2
87
72 5
205 6
97
71 2
916 0
10 7
76 6
212 0
12 0
80 7
238 5
14 8
98 9
225 0
10 7
99 5
243 6
12 9
103 5
267 7
17 2
117 8
261 9
16 8
107 3
242 0
16 3
85 9
232 5
14.3
87 5
286.1
19.8
103 7
1 201 5 2 209 3
810 1 1 617 7
145 8
99 5
180 2
116 3
188 6
135 2
154 9
117 2
139 9
90 2
191 7
137 9
191 1
147 0
186 8
147 8
285 8
239 3
242 4
195 9
202.1
164.1
251.1
196.4
144
152
106
T> 160
p 168
P 106
p 162
p 171
p 105
p 158
p 169
p 107
153
152
99
P 176
P 179
P 100
p 176
p 187
P 101
p 185
p 177
P 101
16 147
1 540
16 763
1 520
14 865 17 003 17 025
1 508 1 513 1 500
16 979
1 648
16 012
1 652
14 120
1 637
26 177 24 044 24 603
1 551 1 609 1 519
23 292
1 536
20 210
1 383
96.6
87.1
24.9
7.4
5.3
88.9
85.5
24.5
6.7
4.6
102. 6
105.8
29.9
8.3
5.9
Manufactured goods 9
Iron and steel
Newsprint
Nonferrous metals
Textiles .
Machinery and transport equipment
Machinery, total 9
Metalworking
Electrical
Transport equipment
do
Automobiles and parts
do
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Quantity
1957-59-100
Value
do
Unit value
do
71
General imports: d
Quantity. .
do
Value
do
Unit value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports) :§
Shipping weight
thous sh tons
Value
.__ _
mil $
General imports:
Shipping weight
thous. sh. tons
Value.
mil $
171 730
16 926
186 093
18 531
15 814
1 537
255 754
14 943
264 538
17 309
19 740 20 616 24 337 22 954
1 406 1 408 1 503 1 439
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total) :
Operating revenues, total 9.
mil. $
Transport, total 9
do
Passenger
. _
do
Property
do
U.S. mail (excl. subsidy)...
do
Operating expenses (incl. depreciation) do
Net income (after taxes)
do
Operating results:
Miles flown (revenue)..
_.
mil..
Express and freight ton-miles
flown
do
Mail ton-miles
flown.
do
Passengers originated (revenue)
do
Passenger-miles flown (revenue) _ _
bil
3,306
3,278
2,933
218
74
2,886
223
3,706
3,671
3,261
242
91
3,250
941.0
921.6
219.6
71.4
49.2
1,010.9
1, 081. 7
282.4
81.1
57.1
Express Operations (qtrly.)
Transportation revenues .
Express privilege payments
431.4
119.3
430.8
111.7
' 21. 5
6,798
1,444
'21.7
6,671
mil $
do
Local Transit Lines
Fares, average cash rate.
cents
Passengers carried (revenue).
mil
Operating revenues (qtrly. total)...
...mil. $..
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total) :
Number of reporting carriers
Operating re venues, total
mil $
Expenses, total. .
do
Freight carried (revenue)
mil. tons..
997
989
886
64
2^
836
88
240
87.1
94.1
23.8
7.4
5.1
91.0
98.4
22.4
7. 2
4! 9
90.6
102.5
23.2
8.0
5.7
52.3
59.8
17.9
5.1
3.9
61.1
66.4
20.5
5.4
4.2
104 4
28.9
'21.7
580
' 21. 7
590
r
21. 7
567
92.4
97.4
23.0
7.2
5.1
1 002
992
870
69
28
890
60
96.1
105.9
24.6
7.3
5.0
91.7
101.2
26.3
7.1
4.7
107 3
28.0
11
21. 7
502
'21.7
529
'21.8
552
97.3
104.4
36.5
7.5
5.5
115 2
°9 2
'21.8
583
'21.8
570
' 21. 9
582
101 2
24 0
3
'22.0
553
' 22.2
520
'22.2
595
22. 2
~561
2
1, 105
1 163
7,112
1 979
1 8591
6,736
428
120
r
Revised.
p Preliminary.
i As compiled b y Air T ransport Assn. of America.
2
3
Number of carriers filing complete reports for the year.
Payments of $2.6 mil. have
been deferred until 2d quarter 1967.
9 Includes data not shown separately.
*New series, replacing imports for consumptioii data fo rmerly shown. Comparable
monthly data, beginning Jan. 1965, will be shown lat er.
831
823
730
50
20
736
48
cfBeginning Jan. 1965, indexes are based on general imports, instead of imports for consumption as formerly.
§Excludes "special category" shipments and all commodities exported under foreign-aid
programs as Department of Defense controlled cargo.
S-24
June 1967
SUEVEY OF CUKEENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
1967
1966
1966
Apr.
May
June
July
Sept.
Aug.
Nov.
Oct.
Jan.
Dec.
Apr.
Mar.
Feb.
May
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION-Continued
Motor Carriers (Intercity) — Continued
Freight carried, volume indexes, class I and II
(ATA):
Common and contract carriers of property
(qtrly.)
average same period, 1957-59=100
Common carriers of general freight, seas, adj.*
1957-59=100..
Carriers of passengers, class I (qtrly.) :§
Number of reporting carriers
Operating revenues, total
mil. $._
Expenses, total
do
Passengers carried (revenue)
mil
Class I Railroads
Freight carloadings (AAR):
Total cars
thous
Coal
do
Coke
do
Forest products
do
Grain and grain products
do
rT'f
p a
g eve ues
r
2,333 2 2, 624
443
2553
32
238
2
146
175
233
2252
2,054 2 2, 660
2528
434
234
29
2205
158
2249
193
27
4
291
68
225
20
1,149 2 1, 520
2,049
438
29
148
201
2,221
458
28
155
170
2,282
459
29
158
161
7
232
24
1,202
2 15
2292
232
21,583
19
203
26
1,373
14
210
2
155
108
24
228
1,286 21,460
6
67
20
1,139
5
121
21
1,263
5
197
20
1,253
94
100
107
98
105
34
91
13
95
95
94
100
99
103
36
99
13
98
94
96
91
97
100
37
92
13
96
96
97
74
109
100
30
96
11
98
96
104
80
103
88
24
116
11
98
93
102
87
102
85
23
92
11
95
10, 655
9,281
544
8,117
1,492
1,046
902
2 728
2,394
132
2 033
395
300
f)
59
2 690
2 311
165
2 031
391
268
227
2,718
2,368
125
2,098
356
263
244
709.3
697.7
1.266
17,389
750.5
738.3
1.257
17, 095
192.3
189 9
1 261
4,151
186.7
186 1
1 242
5 427
189.7
186.1
1.272
3,880
78,927
9.080
83, 019
9,630
6,849
821
6,847
798
7,065
925
7,071
804
7,480
809
6,795
731
6, 962
863
6,549
692
9.71
62
112
10.03
62
115
10.26
66
117
9.73
67
127
10.43
65
122
9.46
56
114
10.49
65
111
10.45
65
118
10.86
69
113
3,351
3,341
2,093
1,819
1,330
36, 509
3,881
3,759
2,413
2,040
1,548
38, 490
301
330
192
153
187
1,766
333
308
195
163
200
2,625
356
459
208
188
210
5,492
397
486
261
211
149
8,730
571
396
262
231
132
8,582
387
322
268
204
94
3,872
311
250
217
187
73
2,664
2 014
34.55
1,969
33.80
449
7 66
650
11.07
397
6.91
403
6.97
11,750
6,272
._ .
4,188
7,076
~ dn
A
2,091
~'l"
81.5
12, 904
6,699
4,761
7,713
2,317
86.0
3,210
1 669
1 185
1 890
589
83.6
3 260
1 676
1 216
1 935
599
84 9
3,330
1 717
1,237
2 038
580
86.0
3,356
1,732
1,245
2,040
584
87.0
305.6
267.4
23.8
319.3
275.5
24.9
80 2
67.8
6.6
80 5
71.1
5.5
81 7
69.7
7.5
7
226
r25
100
105
108
107
111
32
105
13
101
95
98
106
103
102
31
91
13
97
2,175
360
33
150
236
2,357
469
32
158
232
2 2, 985
2570
5
226
23
1,143
94
98
118
103
89
31
89
13
96
241
97
95
88
98
104
40
130
13
100
99
95
87
103
109
38
129
13
101
96
96
78
107
94
29
104
11
98
97
95
82
105
99
32
116
12
100
2,536
2,226
117
145
353.5
354.7 2 3 69. 0
3
56. 6
358.3
6,744
750
7,013
815
6,929
670
7,909
819
7,136
702
7,778
943
10.41
60
108
9.35
49
118
10.03
59
106
10.22
62
114
9.79
64
122
10.98
67
123
10.41
64
128
251
217
181
157
71
1,329
236
248
177
183
67
851
273
258
185
133
100
932
111
941
188
1,380
197
1,711
224
1
i
1
1
i
|
I
1
I
do
do--_
^
II 9 9
87.0
9
10
121 4
90.4
27 1
l
Revised.
*> Preliminary.
Number of carriers filing complete reports for the year.
2
3
Data cover 5 weeks; other periods, 4 weeks.
Preliminary estimate by Association of
American Railroads.
*Xcw series. The monthly motor carrier index (ATA) is based on a sample of carriers
t h a t represents approximately one-third of the class I and II common carriers of general
freight; monthly data back to 1955 are shown on p. 40 of the July 1966 SURVEY. Railroad
revenue ton-miles are compiled by Interstate Commerce Commission.
2193
2260
2,526
485
32
154
234
10,208
8,836
553
7, 850
1,396
962
815
Telegraph carriers:
Domestic:
Operating expenses, incl. depreciation
Net operating revenues
International.'cT1
p e a g e e ues___
~~i~
134.3
97
75
101
107
108
32
149
14
101
mil
f H
' 155. 7 ' 150. 2
6
96
95
98
102
105
35
102
14
99
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenues 9
mil $
Ph
r 153.
97
97
100
103
97
40
95
20
100
do
do
do
_
5
156
155.0
136.5
56.1
156
210.6
159.4
65 2
2299
230
' 1, 307 21,575
Waterway Traffic
Panama Canal:
Total
thous Ig tons
In United States vessels
do
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
% of total
Restaurant sales index__.same mo. 1951=100..
Foreign travel:
U.S. citizens: Arrivals
thous..
Departures
do
e
r 155.
7
155
27
1,307
Revenue per ton-mile (qtrly. avg.)
cents ._
Passengers (revenue) carried 1 mile (qtrly. )._mil._
«ve
' 155. 7
110
2,131
322
16, 159
r\
u
156.7
156.2
157.3
156
149.3
128 4
5° 7
i 147
604.7
511 5
9J3 2
154.9
159.4
155.7
125
1,956
459
16, 084
N t
.
159.8
2,434 2 2, 966
464
2528
36
242
163
2201
206
2283
Net income (after taxes)
do
Operating results:
Ton-miles of freight (net), revenue and nonreve ue (,qi iy.;_ _
_
_ __ _ _ DII__
Onprntlnw p n ht- fhpf r t p ^
pe ui> uto eipt <;% ^utjiure taxes;
155.0
2,229
329
35
161
209
do
d.o
do
Departures
Passports issued and renewed
National parks visits
Pullman Co. (qtrly.):
Passenger-miles (revenue)
154.7
29, 618
5,590
432
1,996
2,877
Freight
Passenger
Operating expenses
t
' 156. 0
163 3
161.2
1413
29,248
5,555
428
1,978
2,662
Livestock
do
Ore
do
Merchandise, l.c.l
do
Miscellaneous
do
Freight carloadings, seas. adj. Indexes (Fed. R.) :
Total .
1957-59=100
Coal
do
Coke
do
Forest products
do
Grain and grain products
do
Livestock
do
Ore
do
Merchandise, l.c.l
do
Miscellaneous
do
Financial operations (qtrly.) :
11
150.9
29 9
(
>9 1 i
6.8
I
1
1
i
j
1
:
i,
1
31.3
99 7
7 .5
/ j
(
31 4
93 g
6.6
j
81.5
71.8
4.3
!
31.2
I
6.3
i
!
23. 9
i
§Effective 1st qtr. 1965, carriers reporting both intercity and local and suburban schedules
are classified as intercity if intercity revenues equal or exceed 50 percent of revenues from
both operations.
9 Includes data not shown separately.
d" Comparability of data between periods shown has been affected by organizational
changes: certain operations reported prior to 1965, and others reported through mid-1965,
are no longer covered.
S-25
SURVEY OF CUEEENT BUSINESS
June 1 6
97
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1967
1966
Annual
May
Apr.
June
July
Aug.
Sept.
Nov.
Dec.
Jan. Feb.
1 399
Oct.
1 409
1 467
Mar.
Apr.
May
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene
mil. cu. ft
Ammonia, synthetic anhydrous (commercial)
thous sh tons
Carbon dioxide, liquid, gas, and solid
do
Chlorine, gas (100% Cl2) _ do
Hydrochloric acid (100% HC1)
do
Nitric acid (100% HNOs)
do
Oxygen (high purity)
mil cu ft
Phosphoric acid (100% PiO&)
thous. sh. tons...
Sodium carbonate (soda ash), synthetic (58%
Na20)
thous sh tons
Sodium bichromate and chromate
do _ _
Sodium hydroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
thous. sh. tons.
Sodium sulfates (anhydrous, refined; Glauber's
salt; crude saltcake)
_
thous. sh. tons
Sulfuric acid (100% HsSOi)
do
Organic chemicals, production :cf
Acetic anhydride
Acetylsalicylic acid (aspirin)
Creosote oil
DDT
Ethyl acetate (85%)
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production _
Stocks, end of period
Methanol, synthetic and natural
Phthalic anhydride
16 745
16 839
1 370
1 395
1 360
1 323
1 464
8 710 9
1 077.7
6, 478. 7
1 368.1
4, 889. 7
182 031
3, 904. 6
10661 1
851 9
1 298 2
101 1
6, 946. 0
573.3
1 560 3 123 3
5 333. 0
431 3
214 853 17 63Q
4, 522. 8
405.0
976 1
110 1
587 4
132 6
428 9
18 634
406.2
889 8
118 8
560 5
121 4
394 9
17 868
360.8
855 6
129 8
577 4
127 8
395 3
17 347
361 2
857 2
134 0
585 6
124 8
420 9
18 167
374.2
4 928 0
141.0
6, 796. 4
5 073 2
138.9
7 342. 0
423 0
12.6
605.2
452 6
11.9
625 9
433 1
11.6
595 9
431 7
11 3
606 7
417 2
11.9
617 4
400 7
11 9
605 7
445 2
12.9
649 0
408 2
9.3
634 1
424 4
91
657 2
587.8
609.1
54.7
39.2
49.9
47 5
56.0
53 9
55.1
52.8
51.1
1 429 5 119 2
123 8
27,186 5 2 420 7 2 314 9
118 4
2178. 3
1, 407. 9
24, 789. 5
mil. lb._ U,531.7 i 1, 600. 9
.do. .
29.0
34.1
2 108 4 i 112 7
mil gal
47.9
r
48 3
430 2
11.6
659 8
54.8
121 7
112.8
114 0
117 0 r 106 1
2,347.2 2 447 o 2 356 1 r 2 330 3 2 469 0
137.0
2.7
9 6
137.3
34
10 0
129.8
29
99
114.7
2 2
7 2
r 10 6
129.7
2.9
11 4
12 2
8 7
274 6
9 3
10 9
291 9
11 5
9.7
318 8
10.3
12.8
309 6
10 9
12 1
308 3
99
10 9
300 9
9 7
10 1
8 3 r 10 7
289 8 r 321 8
9.4
12.4
308 9
25 6
20 4
39.8
54 7
31 5
23 8
4L2
56 2
30 5
21 7
41.2
57 6
32.4
22 4
43.1
58.4
35.2
24 3
42.8
59.9
30 8
26 0
48.1
58 7
30 9
27 5
42.2
58 3
26 5
27 3
41.0
53 6
30 9
27 0
44.5
57 6
31.0
27 2
39.6
59 8
0
3
3
4
58. 1
201 5
43 9
7 0
65.2
196 9
50 9
89
59.6
199.0
47 7
6 8
59.4
204 0
48 0
52
57.0
203 1
56 6
51
49 1
205 1
41 9
5o
56.3
204 1
51 6
6 7
9fi n
26 1
99
23 7
23.6
30
27 8
26.7
4 0
25 8
26.5
3.2
25 9
26.2
35
30 4
30.7
32
99 fi
22.3
30
22.8
28
27 9
26.8
38
1,086
128
736
115
1,378
140
1 000
115
1,194
172
821
104
1,155
197
808
85
1,131
193
805
88
1,497
443
864
58
1,432
216
1 019
94
1,273
116
979
136
1,128
118
854
108
1,166
137
922
83
1,171
40
943
77
15
10
175
43
10
5
82
32
12
8
118
33
12
5
214
11
g
237
34
13
10
260
13
14
20
228
13
12
12
175
35
11
20
221
9
29
213
19
32
244
22
28
19
308
22
626
308
147
158
272
472
372
282
286
351
296
504
400
293
402
383
365
520
337
647
334
658
328
572
367
552
370
612
395
624
403
602
406
637
r 439
r 623
141 5
i 121.6
3 627 1
14 2
11 9
290 1
14 0
10.5
296 1
11.4
9.1
315.4
365.6
26 0
* 485. 6
1
674. 8
30.1
16 6
39.1
54 9
29.9
20 8
36.7
57 1
32.4
20 1
33.2
55.7
710.1
200.5
589.5
70.0
659.1
204.0
570 0
74.7
53.2
208 5
45 7
61
52.9
207.0
46 9
71
50.8
207.9
48.6
6.1
315 9
315.2
5.4
307 3
310.0
3.5
24 6
24.6
3.7
25 3
25.9
37
26 2
26.4
3.3
thous. sh. tons.. 310.810
3
do
1. 196
3
do_
8, 104
do
3 1, 053
14, 219
2 303
10 018
1,000
1,002
103
786
74
1,174
192
854
73
177
181
1,780
398
154
160
2,382
321
20
20
284
38
3,342
3,991
3,834
469
4 431
624
.8
1, 459. 4
.5
1,753.1
do___
353.2
do
24.7
mil. gal__ 1 433. 3
mil. Ib . 579.1
391 2 r 359 6
11.5
11 8
656 9 r 596 o
126.8
3.2
88
116.9
2 4
9 5
1
1,318
125.7
29
9 9
137.9
2.9
90
144.6
107.3
3,085 5
1 234
911 4 1 049 6 994 9 '928 7 1 024. 1
95.9
91 6 r 84. 7
106 9
96 2
644.4
599.6
633.1 r 589. 0
615 2
142.6
129 5
133 6 r!26 7
135 4
544.3
521 3
497 5
512 5
531 8
18 584 18 343 18 333 r r 17 072 18 796
423.2
374.3 391 6
406.7 404. 9
134.0
24
10 0
99
9 4
320 7
122.3
2.9
97
1
1 426
822 2
847 8
115 4
113 9
570 0
605 2
125 0
135 5
423 7
469 2
18 125 19 178
388 0
353 2
115 0
118 1
116 6
120 5
2 233 6 2 209 2 2 162 8 2,316.0
129.0
2.8
9 0
mil. Ib
do
do
1 471
108.4
29
ALCOHOL
Ethyl alcohol and spirits:
Production
Stocks, end of period
Use for denaturation
Taxable withdrawals
Denatured alcohol:
Production
Consumption (withdrawals)
Stocks, end of period
mil. tax gal._
do __
do
do___
mil wine gal
do
do
53
210
40
4
1
3
9
8
99 1
48
205
48
6
FERTILIZERS
Exports, total 9
Nitrogenous materials
Phosphate materials.
Potash materials
__
Imports:
Ammonium nitrate
Ammonium sulfate. _ _
Potassium chloride _ _ _
Sodium nitrate
do
do
do
do
Potash deliveries (K20) _
do
Superphosphate and other phosphatic fertilizers
(100%P205):
Productionthous. sh. tons
Stocks, end of period
_ do. .
f4\
on
A.OQ
525
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
Black blasting powder
mil. Ib
High explosives
do
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil. $
Trade products _ _ _ _ _ _
do
Industrial
finishes
do
Sulfur, native (Frasch) and recovered:
Production
thous Ig tons
Stocks (producers'), end of period
do
2, 169. 3 ' 2, 364. 4
1, 246. 7 '•I 312.4
922.6 r 1, 052. 0
i 7 336
8 222
3,425
2,704
.1
471.7
r
r
r
222. 2
207. 9
119 4
90. 5
r 127 8
664
3,128
708
3,021
r
r
94. 4
1.1
482.2
' 234. 1 r 202 5 r 225 9 r 205 5
r 121 9 r 132 4 r 115 g
'94.8 r gO 6 r 93 5 r 89 7
r 139. 3
684
2,984
3,014
2,975
2,925
6 1
15 2
1
406.4
—1 0
427.8
r 195 6
r 105 2
r go 4
a-7-i
r
178. 5
91 2
87 3
r
r
T
149 9
T 73 o
T 76 9
162 0
81 3
80 7
167 3
88 9
78 4
208 3
114 8
93 5
2,722
2,618
2,492
Rf\A
CQQ
799
2,871
2,926
2,704
1r A
16 3
15 3
16 i
14 1
14 5
15 7
47 3
45 0
46 7
43 3
51 1
PLASTICS AND RESIN MATERIALS
Production:
Cellulose plastic materials
mil. Ib
1 169. 6 1 190. 6
Thermosetting resins:
1
Alkyd resins
do
585. 6 1 614. 0
Coumarone-indene and petroleum polymer
resins
mil ib
324.9 i 333 5
1
Polyester resins
do
388.0
453.3
Phenolic and other tar acid resins
do
1 919. 9 1 982. 6
Urea and melamine resins
do
i 595. 8 *632.8
Thermoplastic resins:
Styrene-type plastic materials (polystyrene)
mil. lb__ 12,002.5 1 2, 397. 2
Vinyl resins (resin content basis) _
do
1 2, 282. 0 2, 670. 0
Polyethylene
do
3, 047. 4 3, 558. 7
15.9
15.6
17.5
55.9
55.2
55.1
46 4
52 8
49 4
48 6
29 2
38.5
84.3
53.0
31 7
38.8
78.6
54.2
29 7
40.9
84.3
58.0
25 9
34 7
73 3
41.2
31 9
37 0
80 6
53.9
23 9
37 9
90 6
58.3
27 1
38 0
80 4
51.8
22 0
37 1
73 9
47.1
23 4
35 9
77 7
50.8
oc e
98 1
37 9
89 0
53.5
35 4
73 2
46.8
41 6
87 0
56.2
197.6
221.4
274.6
207.3
225.1
288.7
203.2
221.4
292.7
198.1
190.1
294.7
203.7
223.9
311.1
204.6
224.5
311.0
210.3
239.2
304.6
210.2
227.5
312.7
192.7
227.0
326.3
190.8
223.4
306.8
188.6
'204.4
296.9
200.0
224.5
330.5
' Revised.
'Revised annual total; revisions are not distributed to the monthly data.
" -oegrnnmg Jan. 1965, data exclude creosote in coal-tar solutions (formerly included); these
P6r m nth in 1%4<
4 Less
shorTfons
°
* See n°te "°" for p> S~2L
^an 50°
cf Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-26
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
June 1967
1967
1966
1966
Apr.
Annual
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total t
mil. kw.-hr__ 1,157,583 1,248,232 96, 667 100, 559 105, 367 113, 380 112,348 102, 282 103, 070 102, 729 109,717 109, 951 101, 061 107, 699
do
do
do
91, 630
73, 193
18, 436
96, 492 104, 678 103, 632
80,271 89, 054 87, 309
16, 221 15, 624 16, 323
93,817
79, 722
14, 095
94, 210
79, 786
14, 424
93, 949 100, 860 101, 256
78, 745 83, 053 83, 566
15, 204 17, 807 17, 690
92, 960
76, 369
16, 591
98, 942
80, 419
18, 523
859, 414
195, 838
933, 407
210, 329
71, 694
16, 385
73, 857
17, 772
78, 663
17,830
85, 581
19, 096
85, 221
18,411
77, 727
16, 090
77, 789
16,422
77, 140
16, 809
82, 365
18,495
82,618
18,638
75, 468
17, 492
80, 627
18,315
102, 331
99, 198
3,134
104, 496
101,346
3,149
8,587
8,269
318
8,929
8,610
320
8,875
8,600
274
8,703
8,490
212
8,716
8,509
207
8,466
8,264
201
8,859
8,626
233
8,780
8,521
259
8,857
8,575
282
8,695
8,393
302
8,101
7,821
280
8,757
8,454
304
do
Industrial establishments total
By fuels
By waterpower
88, 079
71, 759
16, 321
do
do
do
Privately and municipally owned util
Other producers (publicly owned)
1,055,252 1,143,737
861, 401 949, 254
193, 851 194, 482
do
do
Electric utilities, total
13 y fuels
By waterpower
953, 414 1,038,982
82, 324
82, 001
84, 542
89, 682
93, 376
91,519
86, 718
86, 350
89, 262
93, 362
89, 654
90, 421
21,329
40, 355
19,166
40, 001
18,457
39, 851
18, 840
39, 560
19, 253
39, 652
18, 613
38, 367
18, 859
39, 559
341
26, 351
746
2,239
158
370
23, 981
811
2,238
151
376
24, 371
866
2,291
139
421
27,087
914
2,306
134
438
30, 594
925
2,351
149
423
28, 895
834
2,370
152
426
28, 174
817
2,407
179
Sales to ultimate customers total (EEI)
Commercial and industrial:
Small light and power§
Large light and power§
202, 112
433, 365
225, 878
465, 077
17,164
37, 800
17, 482
38, 726
19, 110
39, 159
21, 309
38, 683
21,995
40, 212
4,652
do. .
do
280, 970
8,782
do
21,675
do
1,858
do
4,514
306, 572
9,240
25, 922
1,779
382
24, 001
111
2,111
138
362
22, 433
689
2,144
166
350
""' 664
2,231
155
340
26, 220
668
2, 300
162
355
27, 667
714
2, 266
166
do
do
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $ 15, 158. 4 16, 196. 1 1, 282. 8 1, 278. 3 1, 327. 1 1,414.5 1, 453. 1 1,427.6 1,351.6 1, 330. 5 1, 375. 0 1, 431. 2 1, 398. 1 1, 393. 8
GAS
Manufactured and mixed gas:
Customers, end of period, total 9
Residential
thous..
do
702
659
42
674
631
41
673
631
41
667
626
40
674
631
41
Residential
Industrial and commercial
do
do
1,357
809
534
1,396
809
579
311
181
127
167
63
103
386
219
163
do
do
130 4
87.2
42.1
128 1
83.4
44.3
29.1
19.1
9.7
16.3
Residential
Industrial and commercial
8.6
34.7
22.2
do
do
37, 265
34, 227
2,997
37, 974
34, 870
3,061
37, 182
34, 182
2 958
37, 157
34, 201
2,915
37, 974
34, 870
3,061
mil. therms. _ 118, 748
39, 190
H
74, 657
127, 016
40, 701
82, 062
30, 043
8,821
19, 848
23, 566
3,402
18, 686
32, 154
10,206
20, 547
7 278 5
3,937.8
3, 166. 0
7 697 0
4, 081. 7
3, 469. 3
1 793 3
922.4
823.4
1, 194. 9
454.5
693.4
1, 960. 1
1, 029. 3
879.2
Natural gas:
Residential
Industrial and commercial
Sales to consumers, total 9
T
H
f
1 ~~H
'~1
Residential
Industrial and commercial
do
do
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
Stocks end of period
Imports
Whisky:
Production
Taxable withdrawals
Stocks, end of period
Imports
16.28
17.06
15.20
17.20
17.20
19.36
12. 57
883. 87
5.77
26 45
15.57
879. 81
7.41
r 32 77
14.32
878. 48
7.15
37 56
10.05
880. 42
5.46
21 18
9.91
885. 49
4.90
21 54
9.76
888. 40
3.94
27 42
12.64
892. 90
5.21
4.90
4.32
16.70
9.24
12.94
14.31
24 12
12.31
885. 41
4.38
95 9()
9.82
8.54
12.34
10.14
9.06
12.62
11.51
10.74
12.58
185 06
191 14
17 63
17.60
8.37
7.79
11.54
8.38
7.00
11.31
8.15
7.07
11.77
do
mil. proof gaL.
137 59
872 90
58.04
144 72
880 42
60.30
11 93
888 94
4.52
24 81
13 40
889 41
4.66
26 39
12.63
890. 76
4.99
92 34
9.89
887. 20
3.66
_ mil. tax gal-do
do
mil. proof gal--
126. 88
90.05
835. 85
51.10
128. 51
94.57
835. 46
52.20
13.18
7.41
850. 06
4.00
12. 72
8.15
851. 45
4.07
11.50
7.56
852. 97
4.38
4.94
6.00
849. 98
2.82
7.61
7.46
847. 65
3.74
8.72
8.68
844. 37
4.58
9.26
11.13
839. 28
6. 60
9.92
10.06
835. 18
6.39
9.85
6.55
835. 46
4.88
12.73
6.49
839. 32
4.10
13.81
6.81
843. 33
3.42
14.82
8.25
846. 85
4.49
9 49
6 38
8 12
5! 06
5 93
3^83
8 46
5.72
9 21
6.40
12 70
9.34
9 92
6.46
6 92
3.99
6.49
3.60
6 87
4.26
8.94
5.53
73
91
96
1.01
3.88
1.00
3.75
_
no cc
Rectified spirits and wines, production, total
\Vhisky
Wines and distilling materials:
Effervescent wines:
Taxable withdrawals
Stocks end of period
Imports
_ _
Still wines:
Production
Taxable withdrawals..
Stocks end of period
Imports.. . _
_
do
m
an
810
64 81
67 13
5 36
6 25
3 10
1.45
7.40
3 75
1.64
4 26
cc
do
do
do _
_
_
do
do _ _
do
do_
233 41
167. 14
262 30
14.91
218. 82
165. 77
9
65 10
16.34
.49
.10
2.26
12.89
214.16
1.16
66
.50
go
.61
47
.38
4 34
4.49
4.55
.13
.11
3.03
12.66
202.11
1.48
2.30
14.91
188. 78
1.30
1.65
4.47
2.31
390. 23
Distilling materials produced at wineries-_.do
470. 56
Revised.
{Monthly revisions for 1964 appear on p. 43 of the June 1966 SURVEY; production data for
all periods shown here include Alaska and Hawaii.
r
10.77
9.18
12.88
8.33
8.14
10.57
10.99
10.44
12.25
113.04
104. 26
10.57
10.68
9.50
12.14
8.10
7.93
11.08
9. 00
8.95
11.62
11.32
10.59
12.48
108 22
100. 42
10 34
.08
1.52
9.81
178.58
1.02
73
!54
4.66
.10
9.63
13.10
171.88
1.21
58
.73
4. 46
.11
72 94
13.93
225. 04
1.25
4.20
.23
88.44
15.90
290. 38
1.57
.25
17.88
16.09
282. 86
2.07
.18
8.28
14.47
265. 10
1.43
86
.51
86
.43
83
.65
4.01
4.38
.13
.17
.13
3.49
13.43
253. 50
1.22
3.14
13.14
239. 90
1.08
3.22
17.87
225. 49
1.47
1.35
.14
4.50
7.44
10.56
18.65
8.68
35.20
31.96 145. 40 129. 56
2.37
§Data are not wholly comparable on a year to year basis because of changes from one
classification to another.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
June 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
S-27
1967
1966
1966
Annual
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
May
Apr.
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
1,322.8
do
52.1
$ per lb__
.610
mil. Ib
do
1,755.5
1,158.4
Stocks, cold storage, end of period
do
308 6
American, whole milk _ _ _ ...
do
271.0
Imports
do
79 3
Price, wholesale, American, single daisies (Chicago)
__
$ per Ib
.450
Condensed and evaporated milk:
Production, case goods:
Condensed (sweetened)
mil Ib
95.9
Evaporated (unsweetened)
do
1,693.0
Stocks, manufacturers', case goods, end of period:
Condensed (sweetened) _._ . . .
mil. Ib
5.9
Evaporated (unsweetened). _
. _ _do. .
134.8
Exports:
i 65.3
Condensed (sweetened) .. _ _ .
do
124.7
Evaporated (unsweetened)
_do.
Price, manufacturers' average selling:
6.09
Evaporated (unsweetened)
$ per case..
Fluid milk:
124, 173
Production on farms
mil. Ib
60,168
Utilization in mfd. dairy products
do
4.23
Price, wholesale, U.S. average
$ per lOOlb..
Dry milk:
Production:
88.6
Dry whole milk
mil Ib
1,992.7
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of period:
5.0
Dry whole milk
do
58.2
Nonfat dry milk (human food)
do
Exports:
i 20.0
Dry whole milk
do
i 438. 8
Nonfat dry milk (human food)..
do
Price, manufacturers' average selling, nonfat dry
.147
milk (human food)
$ per Ib
1, 119. 2
32.3
.672
106 2
34.3
.632
116 4
53.2
.641
114 8
85.8
.666
83.9
92.2
.717
77.3
85.9
.736
70.5
68.4
.754
79. 1
58.1
.699
80.8
39.0
.680
97.4
32.3
.674
112.9
35.1
.669
103.8
54.7
.672
113.3
76.2
.672
1, 873. 6
1, 234. 5
165 6
113 0
184 2
130 5
194 5
138 3
169.5
116.6
156 8
105.3
145.6
95.3
144.0
91.6
139.4
85.8
155.3
98.6
153.1
101.5
143.0
94.9
160.3
107.2
372.7
322.2
135 5
302 9
258. 9
7 8
330 0
282.4
59
369 7
321.1
10 3
391.3
340.9
9 7
402.5
349.4
10 8
398.4
347.1
10 3
388.8
335. 5
15 3
378.3
325.4
17 8
372.7
322.2
17.8
367.8
317.4
14 7
361.2
308.6
13.2
367.4
317.9
18.8
.527
.507
.500
.517
.539
.562
.562
. 554
.530
.530
.530
.520
127 1
1, 730. 9
9 3
165.6
11 2
193.2
11 0
195.4
11 6
158.1
11 3
159.1
12 2
133.8
12 2
125.8
11 1
107.4
9 4
109.9
4 8
105.2
2.9
11.6
192.9
5.8
73.6
8 5
128.3
8.4
205.8
6.1
223.4
6.9
217.2
6.0
245.1
7.0
253.4
7.2
230.8
11.6
192.9
14.3
150.0
92.9
38.4
4.7
3.4
9.1
4.4
8 6
8.3
3.5
10.7
8.1
3.8
10.3
2.5
3.4
7.0
2.1
5.6
3.0
6.73
6.55
6.63
6.64
6.78
6.93
7.07
7.06
7.07
9,333
4,048
5.40
4.9
r
120.8
102. 9
.672
152.5
.673
171.1
119.9
T
r
387. 4
335. 1
15 7
403.0
349.3
518
. 518
. 518
103.7
3 9
121.0
6 5
146.6
15.5
119.6
13.8
81.9
9 8
124.0
7.3
2.2
1.5
5.9
1.8
3.7
7.06
7.05
7.05
7.05
7.05
9,012
3,907
5.38
9,511
4,371
5.30
9,855
4,770
5.15
9,217
4,545
5.06
10 510
r 5 204
4.95
10 732
5 558
M.77
(2)
(2)
120, 230
57. 365
4.81
10, 725
5,270
4.44
11,525
5,849
4.34
11,269
6,152
4.36
10,350
5,187
4.71
9,763
4,804
5.00
9,263
4,181
5.29
87.5
1, 587. 5
8.1
167.5
7.6
188.0
8 9
192.5
7 0
132.0
7 5
110.5
7.0
89.0
6.5
92.9
6.0
92.9
5.5
122.7
58
133.8
6 0
129.6
6.9
144.0
7 4
175.0
6.9
118.5
6.7
79.4
9 2
112.5
8 7
139.8
8 8
143.6
8 2
129.3
7.9
118.4
8.4
116.8
8.3
112.2
6.9
118. 5
6 8
118.7
7.0
111.7
7 2
99.6
88
115 7
16.4
170.3
1.0
2 2
5
9.5
0 Q
1 2
26.0
2 6
19.7
1.4
28.8
15.6
.9
9.8
.8
8.8
.8
4.1
12
9 4
16
14.4
16
10.7
7 2
.182
.169
172
. 174
195
.202
.206
.200
204
.201
.200
.199
201
199
1, 590. 3
160.6
139.7
143.4
119.0
138.7
134.0
126.8
125.5
101.3
90.5
82.7
100.9
87.6
11, 508
4.73
g
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat). .-mil. bu._ U,385.6
Barley:
Production (crop estimate)
Stocks (domestic), end of period
On farms
Off farms
Exports, including malt§
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight
do
do
do
. . _ do
do
$ per bu
do
Corn:
Production (crop estimate, grain only).. mil. bu._
Grindings, wet process.
do
Stocks (domestic), end of period, total mil. bu
On farms
do
Off farmsdo
Exports, including meal and flour. _
do
Prices, wholesale:
No. 3, yellow (Chicago)
$ per bu..
Weigh ted avg., 5 markets, all grades _ ..do___
Oats:
Production (crop estimate)
Stocks (domestic), end of period, total
On farms
Off farms
mil. bu.
do
do
do
Exports, including oatmeal
do
Price, wholesale, No. 2, white (Chicago)
$ per bu
Rice:
Production (crop estimate)
mil bags 9
California mills:
Receipts, domestic, rough.
mil. Ib
Shipments from mills, milled rice _ _ _.do
Stocks, rough and cleaned (cleaned basis), end
of period
mil Ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. lb_.
Shipments from mills, milled rice .
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period. .
mil. Ib
Exports .
do
Price, wholesale, Nato, No. 2 (N.O.)
$ per Ib.
Rye:
Production (crop estimate)
mil. bu
Stocks (domestic), end of period _
do
Price, wholesale, No. 2 ( Minneapolis).. $ per bu._
3 392. 3
300.8
184.5
116.3
i 65.9
3 389. 6
292.3
177.2
115.1
63.6
7.9
1.33
1.27
1.35
1.33
1.32
1.29
1 33
1.30
4, 103
203.6
17.0
16.8
34,084
204.9
4,041
3,085
3
4
104. 8
46 1
58. 6
8 0
7.3
3.0
3.7
8.5
4.6
4.3
1.30
1.27
1 30
1 27
1 34
1.31
1.39
1.35
1.41
1.39
1.37
1.36
18.2
16.9
18.1
17.1
18.3
i 598. 9
64.6
53.4
55.3
43.4
1.28
1.25
1.34
1.31
1.28
1.24
1.28
1.26
1.32
1.25
1.39
1.33
3927
762
660
103
3798
660
555
105
956
459
4
4
2 7
3.1
.8
30
1 35
1 34
1 32
1.31
1 33
1 32
1 32
1 31
1 34
1 33
16.9
15.1
16 2
15.1
17.6
16 7
18 1
35 4
38. 1
49.0
35 4
1.40
1.36
1.38
1.33
1.38
1.34
1.36
1.32
1.37
1.33
74
51.8
840
530
311
45.3
35.6
56.4
3,663
2 885
778
44.6
1.48
1.40
1.44
1.40
1.37
1.35
1.31
1.33
1.42
1.37
833
675
158
316
241
75
4
3.4
5.2
3.9
3.6
2 3
3 2
4.2
2.3
77
.75
.74
.78
.77
.76
.75
.78
.78
95
59
76
97
117
61
66
54
82
53
266
109
371
110
33
54
154
58
376.3
1,586
670
2
441
354
88
5
(7)
(7)
79
77
77
75
179
197
147
119
163
122
137
134
3 85. 1
1,612
1,055
2 704
2 034
660
555
105
946
•
205 9
113 9
92.0
1.4
30 2
i 24 3
.74
1,783
1,324
292 3
177 2
115.1
1 36
1 34
4
4
4
3,663
2 885
778
616.6
207
317
146
80
111
99
97
168
304
262
317
260
948
239
9Q'>
5,711
M,020
5,880
3,962
108
253
72
288
25
365
98
271
896
232
1,312
366
1,640
404
664
416
405
399
341
403
294
414
232
441
150
385
1,641
i 3 411
.083
1 758
2 978
.083
1,002
859
319
205
.083
763
295
442
219
.083
.083
333 2
327 9
4
28.8
28 3
19 0
1.14
1.17
1.20
1.15
1.19
r
Revised.
* Preliminary. 4 i See note "O" for p. S-21.
2 Less than 50,000 Ibs.
3
Crop estimate for the year.
Old crop only; new crop not reported until beginning of new
crop year (July for barley, oats, rye, and wheat; Oct. for corn).
5 Average for 11 months.
386.1
245.3
140.8
4
4
254
404
623
85
1, 109
1,826
1,867
1 758
1 611
2 766
1 163
.083
226
246
.083
.083
.083
.085
..085
.085
.085
.085
1.22
1.24
37.8
1.23
1.18
1.21
28 3
1.25
1.20
1.19
24 3
1.23
6
200
32°
472
390
Beginning June 1965, data include shipments to Gov't. agencies.
i Less than 50,000 bushels.
§ Excludes pearl barley.
9 Bags of 100 Ib.
461
1.21
1. 2f.i
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966
Apr.
Annual
June 1967
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS-Con.
Wheat:
Production (crop estimate), total
\Vinter wheat
Distribution
do
do
11,316
1299
1
1,017
1,432
U,311
1254
1 1, 057
1,602
382
406
395
346
Stocks (domestic) end of period total
On farms
Off farms
do
do
do
1,336
405
931
1,049
409
640
2535
2 131
2 404
1,441
544
897
1,049
409
640
703
241
462
Exports total including
"Wheat only
do
do
3 694. 2
3646.5
875.7
820.8
83.6
77.7
72.8
67.0
76.2
71.4
68.8
64.1
80.5
74.7
76.2
71.6
81.8
75.8
62.1
56.1
55.1
50.5
51.8
48.1
40.7
38.0
50.8
46.5
48.3
44.6
1.97
1.81
1.88
1.84
1.65
1.72
1.87
1.74
1.78
1.98
1.89
1.88
2.10
1.99
1.96
2.09
1.98
1.98
2.09
1.93
2.08
2.02
1.80
2.00
2.00
1.88
1.98
1.97
1.86
1.95
1.92
1.79
1.91
1.91
1.73
1.87
1.97
1.84
1.93
1.96
1.78
1.91
257, 188
91.3
4,668
579, 183
20, 686
89.2
374
46, 585
20, 628
89.0
373
46, 382
22, 350
92.4
403
50, 222
20, 037
90.9
367
45, 402
22, 380
88.3
405
50, 400
23, 093
98.8
420
51,996
22, 924
98.1
417
51,602
21,484
91.9
389
48, 133
20, 803
88.9
377
46, 621
20, 669
87.3
376
46, 429
4,180
23, 540
2,532
2,492
4 228
2,071
2,015
2,495
4 197
1,962
2,601
2,595
4,180
1,956
1,564
1,172
4,226
1,844
6.365
5.994
5.925
5.567
6.050
5.800
6.450
6.200
6.905
6.573
6.838
6.483
6. 813
6. 433
6.638
6.167
6.550
6.100
6.325
5.883
6.250
5.700
6.175
5.633
6.263
5.850
4,432
5,076
27, 319
26, 614
13, 994 4 13, 133
7,230
8,056
370
2,103
932
466
318
2,249
961
448
325
2,397
1,151
373
313
2,236
976
443
361
2,469
1,148
576
390
2,416
1,115
911
389
2,335
1,355
1,424
384
2,285
1,244
1,325
366
2,257
1,042
705
372
2,365
1,142
514
313
2,105
840
355
400
2,338
943
459
316
2,185
891
388
25.81
22.50
27.17
26.17
25.42
32.38
27.73
26.74
35.00
26.54
26.31
33.50
25.33
24.92
33.00
25.26
24.15
26.50
25.73
25.51
28.50
26.07
25.51
30.00
25.48
24.79
31.50
24.93
24.18
32.50
24.49
24.28
32.50
25.21
24.32
33.00
24.92
24.04
35.00
24.65
24.58
35.00
24.59
24.81
25.37
25.14
63, 708
15,386
63, 729
* 15, 175
5,303
1,291
4,913
1,245
4,672
1,192
4,228
1,004
5,088
1,192
5,888
1,305
6,047
1,439
6,200
1,469
6,215
1,460
6,280
1,497
5,652
1,233
6,725
1,442
5,870
1,372
1,328
20.78
22.88
21.72
22.25
22.88
22.65
23.85
22.57
21.34
19.78
19.10
18.77
18.81
18.05
17.23
21.31
18.2
18.6
18.6
18.7
19.3
18.1
18.3
16.4
16.4
15.2
14.6
14.8
14.9
14.0
13.5
1,040
335
109
929
303
104
1,024
398
230
1,067
427
325
1,022
405
337
896
344
126
905
269
111
1,053
298
88
989
221
70
1,072
250
71
flour
mil. bu_.
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu._
1.83
No. 2, hd. and dk. hd. winter (Kans. City) .do
1.58
Weighted avg., 6 markets, all grades
_ do
1.70
Wheat flour:
Production:
Flour
thous. sacks (100 lb.)._ 254, 584
Operations, percent of capacity
90.9
Offal
thous sh tons
4,693
Grindings of wheat
thous bu
575, 874
Stocks held by mills, end of period
4,314
thous. sacks (100 lb.)._
Exports
do
3 20, 464
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 lb- 5.784
Winter, hard, 95% patent (Kans. City) .-do
5.464
1.99
1.77
Ii94
19, 390 '21,694 19, 100
84.1
86.1 '83.0
'375
350
346
43, 506 ' 48, 788 42, 849
1,560
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous animals
Cattle
do
Receipts at 26 public markets. _
_do ._
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
$ per 100 Ib
Steers, stocker and feeder (Kansas City)__do
Calves, vcalers (Natl. Stockyards, 111.) --do
Hogs:
Slaughter (federally inspected) ___thous. animals..
Receipts at 26 public markets
do
Prices:
Wholesale, average, all grades (Chicago)
SperlOOlb..
Hog- corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
Sheep and lambs:
Slaughter (federally inspected). ..thous. animals..
Receipts at 26 public markets
do
Shipments feeder to 8 corn-belt States
do
Price, wholesale, lambs, average (Chicago)
$per 100 lb_.
1,013
17.4
872
215 ~~ "300"
76
11,710
3,450
2,157
11, 553
* 3, 901
1,988
972
279
172
970
315
168
24.29
25.00
25.75
27.12
24.25
23.75
24.75
24.00
23.25
22.25
22.00
22.50
21.25
21.25
22.75
28, 336
29, 289
2,349
2,363
2,432
2,197
2,480
2,593
2,600
2,636
2,647
2,732
2,419
2,748
2,513
484
3535
1,012
621
480
1,318
585
32
107
572
31
88
518
38
143
495
34
98
433
45
123
451
43
131
509
59
128
565
52
104
621
36
106
668
36
115
697
42
99
727
41
110
'783
39
96
15,995
269
346
718
16, 708
317
32
895
1,291
225
2
65
1,359
213
2
53
1,466
219
3
103
1,346
227
2
68
1, 489
222
2
96
1,467
232
3
101
1,432
261
3
92
1,414
282
3
72
1,418
317
3
73
1,488
334
3
82
1,324
325
3
63
1,466
313
3
67
1,378
'303
3
61
291
.433
.441
.460
.442
.424
.410
.440
.448
.433
.427
.431
.437
.434
.419
.427
.442
576
12
581
17
50
18
49
20
51
22
45
26
49
22
52
21
51
20
45
18
46
17
55
15
52
15
56
15
44
16
17
12, 000
1,008
954
914
806
942
1,074
1,117
1,177
1,183
1,189
1,042
1,226
1,090
9,670
234
55
298
804
272
3
29
761
268
5
22
727
214
6
26
646
179
3
22
757
140
4
18
867
151
4
22
901
171
7
26
961
206
7
24
955
234
6
25
959
256
5
23
845
290
7
27
996
331
6
32
.587
.569
.537
.533
.552
.562
.562
.604
.552
.561
.577
.577
.557
.580
.557
.550
.568
.509
.625
.497
.578
.512
.540
.506
.549
.467
.458
1,696
100
158
149
94
5
141
104
15
136
102
15
116
94
10
134
73
16
149
64
8
157
70
15
163
78
19
165
100
14
167
116
18
143
125
14
166
'132
'9
145
135
19
29.25
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil. lb_.
Stocks (excluding lard), cold storage, end of
period
mil Ib
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Beef and veal:
Production, inspected slaughter
do
Stocks, cold storage, end of period
. do
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
$perlb_.
Lamb and mutton:
Production inspected slaughter
mil Ib
Stocks, cold storage, end of period
do
Pork (including lard), production, inspected
slaughter
mil Ib
11,766
Pork (excluding lard) :
Production, inspected slaughter
do. 9,330
Stocks, cold storage, end of period
do
152
Exports
do
353
Imports
do
262
Prices, wholesale:
Hams, smoked, composite
$ per 1 b_ .
.542
Fresh loins, 8-12 Ib. average (New York). .do
.532
Lard:
Production, inspected slaughter
mil. lb..
1,772
Stocks, dry and cold storage, end of period. .do
62
3
Exports
___
.__ _ do. .
251
' Revised.
* Preliminary.
1
Crop estimate for the year.
2
3
723
890
386 """"340
5
24
.556
Old crop only; new grain not reported until beginning of new crop year (July for wheat).
See note "O" for p. S-21.
* Beginning 1966, data are for receipts at 28 markets.
June 1967
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 19S4
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1
1966
Annual
S-29
1967
1966
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
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. casesO-Stocks ,cold storage, end of period:
Shell _
-- thous. casesO
Frozen
mil. Ib
Price, wholesale, extras, large (delivered; Chicago)
$ per doz._
931
958
888
790
682
551
624
622
283
171
409
284
539
395
468
312
436
267
437
275
409
254
351
207
'321
r
176
297
150
.155
.150
.140
.120
.125
.110
.125
.140
.130
.125
.120
15.3
15.2
15.0
14.7
15.5
15.4
16.2
16.4
15.0
17.0
16.7
17.0
101
55
79
62
57
60
100
53
48
46
23
39
64
37
55
41
41
44
.319
.325
.399
.417
.477
.430
.456
.343
.311
.322
.265
33 5
.244
14 0
.248
20.3
.274
9 6
.270
10 3
.241
13 4
.240
15. 9
.233
49.8
.266
50.9
.305
39.8
.290
21.6
.274 ""."275"
7,998
8,786
603
617
315
200
436
267
169
92
151
69
160
70
209
104
.145
.145
.150
.160
.155
182.5
184.6
15.8
16.2
85
51
27
36
42
33
76
42
.328
.401
.385
354.4
319.3
.246
29 2
.259
724
717
893
r
120
' 55
254
72
.258
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)
_ _ _ -thous. Ig. tons
Price, wholesale, Accra (New York)
$ per l b _ _
Coffee (green):
Inventories (roasters', importers', dealers'), end
of period
- _ _ . thous. bagsd"
Roastings (green weight) __ __ .. _. _ . _do _ _
3, 141
3 343
5 119
3 468
5 185
2,874
5 657
3,141
21,300
21,290
22, 056
6 726
1,965
597
1,818
570
1,680
560
1,570
451
1,309
153
2, 085
960
2,168
947
1,573
455
1,664
471
1,979
560
1,618
359
.414
1, 543
.423
111
.413
101
.410
103
.406
75
.413
117
.410
182
403
171
.403
169
.398
138
.395
146
.388
143
230
271
162
164
178
211
248
259
262
272
253
472
40
2,797 r 2, 297
2,300
1,642
1,297
1,022
762
242
40
4,152
5, 796
1,966
6, 232
1,915
134
231
235
90
258
260
43
407
198
48
589
188
60
817
163
128
500
113
676
387
136
1 073
357
82
10, 151
10, 020
2, 648
10, 444
10, 297
750
739
2,514
2,300
837
825
976
967
1,982
1,038
1, 028
1,670
1 03?
1 0?0
1,300
1 073
1,058
1,007
776
763
1,460
776
759
2,142
i 2, 359
3,006
155
123
75
131
86
177
84
184
3 783
1,055
82
4 198
1,039
38
303
117
253
46
2
394
101
5
506
154
3
380
68
612
154
3
390
33
5
338
56
9
.068
.070
069
.069
069
.070
071
071
072
.595
.095
.620
.096
.616
.095
.617
.095
.617
.095
.619
.095
.623
.096
.618
.097
.630
.097
thous. lb._ 130,358
132, 996
13, 778
11,948
10,649
8,446
9,681
13, 174
11,018
9,281
10, 545
3,181.2
242.6
262.1
270.8
232.8
307.7
276.8
260.5
265.9
118.6
132.0
123.1
141.3
119.8
110.8
116.8
118.5
109.7
2, 946. 8
233.9
253.0
269 9
240.9
248.1
219.3
219.9
237. 6
Fish:
Stocks, cold storage, end of period
mil. lb_.
Sugar:
Cuban stocks, raw, end of period
thous. Spanish tons__
United States:
Deliveries and supply (raw basis) :§
Production and receipts:
Production
thous. sh. tons
Entries from off-shore, total 9
do
Hawaii and Puerto Rico
.do
do
do
do
Exports, raw and refined _ _ _ _ sh. tonsImports:
Raw sugar total 9
thous sh tons
From the Philippines., _ _ _
..do _
Refined sugar, total
do
Prices (New York) :
Raw, wholesale
$ per Ib
Refined'.
Retail (incl. N.E. New Jersey) ..$ per 5 lb._
Wholesale (excl. excise tax)
$ per Ib- _
Tea, imports
3,143
26.8
.249
21,680
Imports, total
do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
$per lb__
Confectionery, manufacturers' sales
mil. $._
Deliveries, total 9
For domestic consumption
Stocks, raw and ref., end of period
.172
5 742
.451
1,434
Baking or frying fats (incl. shortening):
Production
mil. lb._ 2, 792. 5
Stocks (producers' and warehouse) , end of period
116. 6
mil. lb._
Salad or cooking oils:
Production.
__
_
_
do .. 2, 773. 1
Stocks (producers' and warehouse), end of period
85.9
mil. lb__
Margarine:
1,904.4
Production
do
Stocks (producers' and warehouse), end of period
41.6
mil. lb_.
Price, wholesale (colored; mfr. to wholesaler or
.261
large retailer; delivered)
$ per lb__
r
4,042
2,594
(2)
(2)
5,425
2,092
412
1,717
362
.388
136
.385
106
.388
224
204
190
182
685
1,640
2,890
3,390
3,190
896
232
561
2,074
170
216
246
143
110
233
184
158
156
889
871
674
658
2,832
40
89
91
57
289
16
225
64
5
295
45
10
406
100
4
421
154
3
071
.071
.071
.072
.072
.072
.632
.097
.636
.099
. 633
.099
.630
.099
.629
.099
.629
12, 461
11, 633
14,419
14, 518
264.3
259.8
260.1
118.6
119.3
118.8
119.2
125.9
259. 8
238. 0
240. 8
254.1
242.4
89.4
81.9
97.7
2,594
r
873
683
673
859
2,734 ' 2, 6142, 343
p
.072
' 270. 5 249.6
83.4
96.2
104.8
81.4
85.8
89.1
60.6
67.6
82.2
83.4
76.0
2, 109. 7
163.6
164.3
159 5
147.9
178. 1
173.4
190 0
193. 3
192.9
202. 3
53.2
56.0
56.4
57.5
58.1
55.9
57.5
59.9
54.8
53.2
49.5
55.3
'65.3
.266
.261
.261
.261
.261
.266
.274
.273
.273
.273
.273
.256
.256
45.8
43.4
41.3
39.8
49.4
55.6
45.5
47.5
47.9
42. 7
55. 0
47.7
51.0
40.0
51.0
35.3
53.4
44.4
r
40.3
43.3
43.0
50.9
63.0
75.1
^78.4
76.1
410.7
207. 9
408.5
210. 5
387 9
191.3
419.8
205.6
388. 1
195.1
471.9 * 501.2
497.8
174.7 ' 194.9 160.5
68.0
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
40.8
530.1
49.3
566.7
Production (quantities rendered)- _ mil. Ib
416.8
34.6
42.9
Consumption in end products
do
510.8
Stocks (factory and warehouse) , end of period
41.0
49.6
31.1
50.9
mil. lb._
Tallow and grease (except wool), inedible:
366.0
4, 302. 5 4, 466. 9
338. 5
Production (quantities rendered)
do
2, 210. 5 2, 439. 6
208.2
188.3
Consumption in end products
do
Stocks (factory and warehouse) , end of period
357.4
413.8
414.0
447.4
mil. lb_.
Fish and marine mammaloils:
18.9
5.4
164.1
Production
do
190.2
7.3
79.3
6.6
Consumption in end products
do
76.8
Stocks (factory and warehouse) , end of period
138.6
135. 5
158. 5
185.3
mil. lb._
r
Revised. *> Preliminary, i See note "Q" for p. S-21. 2 Less than 500 short tons.
GCases of 30 dozen. c^Bags of 132.276 Ib.
51.0
50.0
45.5
378.0
225.6
346.0
165.7
375. 7
219. 1
389.8
380.0
215. 3
210.8
398.8
203.3
352.2
382.1
393.9
417.1
422.8
430. 9
447.4
507.7
35.4
7.4
28.6
5.3
21.8
6.6
20.4
6.7
8.7
5.2
16.5
6. 5
7.1
5.8
1.9
6.1
138.4
151.0
.5
5.6
51.3
43.9
r .8
5.7
48.6
45.5
3.2
6.9
136. 4
158.5
166. 7
183.9
153. 0 154.4 r 135. 5
180.4
172.1
§Monthly data reflect cumulative revisions for prior periods.
9 Includes data not
shown separately; see also note "§".
AFor data on lard, see p. S-28.
SUEVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
June 1967
1966
Apr.
Annual
June
May
July
i
Aug.
1967
Sept.
Oct.
Nov.
Dec.
!
Jan.
Feb.
Mar.
Apr.
(*)
(d)
187 7
18 4
176 1
r 40 4
38 8
38. 2
37 7
45 0
31 1
r
44.9
49 4
184. 0
148. 1
106 8
166 9
63 7
161 7
128 7
122.8
86.9
73 9
106 8
88 7
43 7
514.0
8. 7
. 158
479 1
25 4
31.3
19.1
30.2
20 2
206. 5
204. 7
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products:
Coconut oil:
Production:
Crude
mil. lb_
Refined
- _ __. _
_ __do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of period.. -.
_
mil. Ib
Imports
-----._.
_ . . . do_ - _
Corn oil:
Production:
Crude
do
Refined
do
Consumption in end products
dO-_.
Stocks, crude and refined (factory and warehouse), end of period mil. Ib
Cottonseed cake and meal:
Production
thous. sh. tons
Stocks (at oil mills), end of period
. ..do
Cottonseed oil:
Production:
Crude
mil. Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period
mil Ib
Exports (crude and refined)
do
Price, wholesale (drums; N.Y.)
_ $ per Ib
Linseed oil:
Production, crude (raw)
mil. Ib .
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of period ._ .
mil. IbPrice wholesale (Minneapolis)
$ per Ib
365.4
488. 1
723. 5
569.6
784.0
(d)
46.0
61.5
32.4
52.1
70.2
36.3
51.3
74.7
41.9
43.0
57.0
38.4
45.9
67.1
33.2
51.9
70.5
(d)
50.2
67.4
(<0
154.4
383.6
223.5
498.2
155.1
10.4
143.8
31.3
147.2
50.3
149.5
10.3
190.7
51.6
189.0
39.3
191.9
24.2
445 9
412.8
422.9
446.6
397.6
388.0
38.0
28.8
25.4
37 1
32.7
30.3
40.0
33.9
29.6
37.5
25.4
30.9
38.2
37.9
36.0
35 9
38.2
38.7
26. 1
53.5
40.2
52.5
60.4
63.2
59. 1
2,756. 3
80.9
2, 382. 4
94.2
197. 4
189.6
157.3
212. 5
109.3
170.1
72.2
133.9
139.2
147. 6
112.1
113.4
130.8
104.7
81.1
106.3
106.2
1,974 2 1, 674. 6
1, 668. 8 1,511.1
1, 471. 7 1, 263. 1
(d)
<<*)
41 9
60.0
52 4
65 9
(d)
44 9
56 4
188.3
31.3
223 5
9 3
194 5
196.8
206 8
79.6
39 5
34 9
35.8
36 1
36 0
33.4
34 1
33 6
34 0
34 3
34 0
34.2
33 7
30 3
32.5
55.4
54 6
55. 2
53 5
47 0
45.8
70 8
99.5
101.2
64.1
237 7
89.6
259.9
91.7
249 2
94.2
237.6
111.6
179.1
126.1
T
r
50.6
61.2
92.8
49 1
55.2
99.1
67 7
57.0
85.4
165 6
101 0
86.6
183 1
137.6
92.7
175 1
162.4
95.1
168 0
128. 7
82.5
126 6
117. 1
86.3
r
201 8
476.9
r
43.3
60.2
300.1
501.3
i .149
381.8
184.0
.178
408.9
10.8
.178
391.9
11.8
.185
343.6
17.0
.192
300.8
232. 8
246 2
309.4
6.4
434.9
5.7
381.8
.194
5.2
3.7
. 202
.181
.165
.169
. 165
.151
410.1
227. 2
454.2
226. 9
36.4
20.0
40.9
22.0
45.2
22.6
15.9
20.8
38. f,
21.3
44.1
19 1
45.4
16 0
39.0
15.0
30.1
14 7
33.3
19. 1
208.4
.128
237.7
.128
260.1
.128
240.8
.128
212.5
.128
177. 2
. 128
188. 6
.126
207.8
. 126
218.0
.128
208.4
. 128
205.9
.128
204.9
1,157.1 1,040.1
159.4
165.5
969.9
198.9
944 0
130. 5
824 1 1,039 6
111 4
130.0
1,147.1
129.0
1.133 1
120.0
1,157.6
134.1
r
r
29.7
19.3
213.5
. 134
r
. 158
Soybean cake and meal:
Production
thous sh tons 11,179.1 12, 614. 4 1,010. 1
122.8
75.4
120.0
Stocks (at oil mills) , end of period
do
Soybean oil:
Production:
476.6
5,235 5 5, 820. 2
Crude
mil Ib
418.0
4. 547. 3 5, 152. 0
Refined
do
4,437.6 5, 200. 5 409.5
Consumption in end products
do
Stocks, crude and refined (factory and ware521.9
510.9
374.8
house) end of period
mil Ib
33.2
684.8
1,026.7
Exports (crude and refined)
do
.139
.140
.134
Price, wholesale ("refined; N.Y.)
$ per lb_
TOBACCO
Leaf:
2
1,855
Production (crop estimate)
mil. Ib
Stocks, dealers' and manufacturers' end of periodt
5 582
mil Ib
468, 075
Exports, incl. scrap and stems
thous. Ib
Imports, incl. scrap and stems ._
_._
d o _ . . . 243, 347
5 353
551, 162
179, 336
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large), taxable
Exports, cigarettes
46, 112
522, 532
7,076
23, 453
44, 236
millions
511,463
do
7,578
do
millions- . 23, 052
3.9
2.9
2.8
41 3
62 7
r
4.6
r
r
128
128
45 0
65 1
9Q 2
38 9
32.1
1 022.3 r l 083 7 1 080 9 1 096 8
r
146. 1
111.0
124.4
86 3
537.8
450.9
431.9
480.8
430.2
452.3
451.8
359. 7
391.5
436 9
425. 8
449 6
389 1
402.1
410 4
489 1
411.5
419 0
521 9
427. 0
434.8
512 3
465. 3
465.7
529 0
460.4
452. 2
468 8
410.4
418.7
r 49(5 g
r
446. 0
T
455. 6
50'? 8
387.4
404. 2
582.3
47.2
.138
589.9
64.6
. 132
598.2
55.1
.147
511 1
97. 1
.164
462 0
78.5
.142
457 7
30.4
.132
488. 0
48.6
.133
510.9
97.8
.131
566. 1
24.3
.127
581.6
45.7
.127
T
535 8
120 2
. 128
600 9
41 0
23, 191
16,413
23, 134
13, 838
5,104
28, 350
15,107
44, 201
13, 877
56, 952
16,427
5 149
64, 487
16, 043
67, 577
16, 427
70, 182
14,812
5 353
72! 308
13,129
36, 930
14,907
34, 791
16,680
5 339
39,111
13, 488
53, 273
15,305
4,040
39, 582
3,954
45, 221
3,771
48, 552
3,625
37, 925
3,863
50.707
3,475
46, 371
3,827
43, 484
3,819
43, 225
3,549
38, 079
3, 406
41,319
« 3, 967
39, 936
4 593
43, 591
1.938
2,021
1,941
1,573
1,769
1, 731
2,202
2, 059
510 0
21,890
571
682
2,414
579
1,926
507
2,136
1,663
051
2,117
626
645
664
424
537
477
592
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
106, 253
Value, total 9
thous. $
2, 458
Calf and kip skins
thous skins
Cattle hides
_
_.
thous. hides
13,311
Imports:
80, 263
Value, total 9
thous. $
Sheep and lamb skins
thous. pieces. . 31,850
14,411
Goat and kid skins
do
Prices, wholesale, f.o.b. shipping point:
. 541
Calfskins packer, heavy 9H/15 Ib
$ per Ib
143
Hides steer heavy native over 53 Ib
do
14,386
16,512
1,278
1,351
196
971
9,500
4,541
856
8,724
3,741
883
8,602
3,709
765
.675
.184
.675
.209
.650
.209
155, 623
2,582
14, 307
11,797
88, 995
36, 998
10, 331
.601
.177
183
927
157
199
12, 306
12, 662
10,412
15,636
10,787
12, 684
15, 486
13, 225
11,327
1,097
1,176
1,108
1,698
1,210
<• 1,251
« 1 , 408 « 1,132
1,158
7,177
2,870
861
9,033
3,508
1,484
8,456
3,810
681
5,028
1,840
767
4,794
1,703
604
4,647
1,656
364
5,500
1,859
865
5,600
2,510
793
6,200
3,857
576
4,079
457
.525
.209
.565
.179
.525
.475
.475
.550
.500
575
129
. 500
443
r
327
1 972
r 9 039
9 016
948
12, 075
221
259
169
145
144
174
180
129
149
175
134
230
265
198
129
LEATHER
Production:^
Calf and whole kip
thous skins
Cflttle hide and side kip
thous hides and kips
Goat and kid
thous skins
Sheep and lamb
do
Exports:
Glove and garment leather
thous sq ft
Upper and lining leather
do
Prices, wholesale, f.o.b. tannery:
Sole bends light
index 1957-59 — 100
Upper, chrome calf, B and C grades
index 1957 59-100
6,263
23 436
14, 557
30, 316
> 369,953
101 9
99 5
r
r
330
375
4,720
23 830
13,372
29 302
2 045
' 1,252
2 625
65, 704
5,741
5,875
1
114 5
118 7
1 05. 5
107 6
r
r
r
2, 027
1,259
2 720
465
T
2 046
' 1,344
2 649
283
1 653
9 059
913
808
933
350
r
341
299
332
1 912
2 350
I 921
T
909
1 960
397
r
349
1 924
9 085
907
742
841
2,012
2,153
2, 251
1 977
9 $04
2 917
905
2 089
5,659
4, 564
4, 945
4, 652
4, 527
4, 461
4, 796
5, 511
4,869
6, 192
122 2
119 4
119 4
118 0
114 5
106 7
105 3
103 2
103.2
107 4
106 0
108 8
109 2
107 2
107 fi
107 2
108 0
96.3
103.2
103.2
101.6
99 2
d
••Revised.
» Preliminary.
Data withheld to avoid disclosure of operations of
individual firms.
1
2
Average for 11 months.
Crop estimate for the year.
« Corrected.
3
Effective Jan. 1965, data are for all leather, except sole and rough; see note "O" for p. S-21.
T
J Revisions for 2d qtr. 1963-4th qtr. 1964 (mil. Ib.): 4,695; 4,793; 5,288; 5,355; 4,964; 5,071; 5,666.
9 Includes data for items not shown separately.
d*Revisions for Jan.-Mar. 1966 will be shown later.
SURVEY OF CURRENT BUSINESS
June 1967
1966
1966
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual
S-31
Apr.
May
June
July
1967
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
May
Apr.
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:!
Production, total
-thous. pairs_
Shoes, sandals, and play shoes, except athletic
thous pairs
Slippers
- do
Athletic
do
Other footwear
do
Exports
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
index, 1957-59=100
Women's oxfords, elk side upper, Goodyear
welt
- -index, 1957- 59= 100_.
Women's pumps, low-medium quality. _do
629, 095
646, 327
53, 145
54, 319
54, 685
45, 569
61,358
55, 201
54, 898
50, 802
49, 034
52, 534 '49, 890
531 914
87, 359
6,828
2,994
535 936
100, 955
6,598
2,838
43 706
8,606
44 473
9,057
44 841
9, 022
38 345
6,686
50 289
10, 261
44 367
10, 074
43 251
10,786
40 220
9,494
41 930
6,311
45 571
6,158
2 533
2,737
260
283
272
210
200
227
246
230
182
157
174
237
111 0
120.9
119.2
122.3
122.3
122.3
122.3
122 3
123.5
123.5
123 5
123.5
123 5
123. 5
107.3
113.0
111.0
121.2
111.4
121.2
111.4
121.3
111.4
121.2
111.4
122.0
111.4
122.4
111.4
122.5
111.4
122.3
111.4
122.7
111.4
122.4
111.4
122.9
111.4
124.5
111.4
124.7
1
605
228
576
213
561
261
323
215
576
232
528
232
530
331
548
273
543
250
577
228
r
53, 342
42 463 44 258
r
6, 723 8 298
'532
633
' 172
153
164
LUMBER AND PRODUCTS
LUMBER— ALL TYPES
National Forest Products Association:^
Production, total
...
mil. bd. ft
Hardwoods
.
__ -.do.. .
Softwoods
do
36, 895
7,655
29, 240
36, 128
7,489
28, 639
3,211
660
2,551
3,242
625
2,617
3,265
664
2,601
2,858
631
2 227
3 ?41
678
2 563
3,132
665
2 467
2,942
642
2,300
2,678
611
2,067
2 506
524
1 982
2 356
554
1 982
2 671
560
2 111
3 161
610
2 551
2,900
648
2 252
do
_ __do .
_.. .do
37, 749
8,226
29, 253
36, 482
7,923
28, 559
3,462
689
2,773
3,395
684
2,711
3,159
670
2,489
2 910
620
2,290
3 171
' 665
2 506
2 880
660
2,220
2 792
'647
2,145
2 638
642
1,996
2 578
587
1,991
9 577
650
1,927
2 736
615
2,121
3 112
678
2 434
2 954
623
2,331
Stocks (gross) , mill end of period, total
do
Hardwoods
do
Softwoods.. _ _
..
. _ . do _ _
5 704
1 156
4,548
5 775
1,127
4,648
5 323
1,055
4,268
5,150
1,000
4,150
5,263
1,014
4,249
5 172
1 043
4,129
5 "8
1 069
4 159
5 492
1 102
4 390
5 720
1, 118
4,602
5 787
1 132
4,655
5 775
1 127
4,648
5 810
1 106
4 704
5 880
1 125
4 755
5 931
1 127
4*804
5 935
1 186
4 749
Shipments, total
Plardwoods
Softwoods
.._
... . ... _
Exports, total sawmill products
Imports, total sawmill products
do
. _ _do
1
962
5,163
1,009
5,120
99
462
98
518
98
550
82
469
88
507
86
378
93
339
75
318
70
307
76
300
67
339
87
502
95
419
SOFTWOODS
Douglas fir:
Orders new
Orders, unfilled, end of period
mil bd ft
do
9 271
621
8 249
486
817
906
606
652
688
614
566
537
612
419
625
424
581
394
621
422
681
486
678
568
603
602
668
600
657
589
9 234
9,257
1,054
8 428
8,618
1,026
782
835
1,084
794
860
1,027
750
726
1,052
633
643
985
716
729
972
680
620
1 032
627
611
1,117
580
593
1 103
540
617
1 026
613
596
1 057
612
568
1 101
739
670
1,170
670
668
1 185
i 445
401
110
290
46
11
35
49
12
37
39
9
29
33
9
24
32
6
26
30
8
22
36
10
26
26
10
16
22
4
17
34
10
24
27
g
19
31
9
22
35
10
25
Production
Shipments
Stocks (gross), mill, end of period
_ _
do
do
do _ _
Exports, total sawmill products
do __
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. I,.
$ p e r M bd. ft..
Flooring, C and better, F. G., I" x 4", R. L.
$ p e r M bd. ft..
1
111
1
334
82.16
85.62
92.64
93.04
88.25
85.25
86.01
84.60
82.56
79.69
79.96
83.94
80.91
84. 06
156. 85
165. 87
166. 84
166. 84
167. 43
167. 43
167.43
168.04
169. 20
169 69
169. 69
169 11
170 31
171. 47
6 934
366
6 430
274
578
469
533
415
585
400
492
378
534
350
491
313
470
294
469
277
434
274
487
288
524
310
582
294
540
291
Production
. _ ... _ _ _ _ _ _
_ _ do _.
6,574
Shipments.
do
6 849
Stocks (gross), mill and concentration yards, end
of period
mil bd ft 1 1 087
Exports, total sawmill products
M bd. ft__ 100, 581
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59=100-.
94.3
Flooring, B and better, F. G., 1" x 4", S. L.
1957-59 = 100 ..
97.1
6,665
6 522
568
612
578
587
622
600
520
514
582
562
567
528
545
489
528
486
508
437
514
473
510
502
605
598
526
543
1 230
99, 202
983
6,927
974
10, 078
996
8,991
1 002
6,903
1 092
8, 897
1 061
7,364
1 117
7,264
1 159
5,688
1 230
7,855
1 271
6,566
1 279
7,042
1,286
8,329
1 269
6,425
105.1
106.0
107.5
107.3
107.1
107.8
107.8
107.6
104.2
102.4
101.0
101.0
101.6
106.2
107.9
107.9
107.4
106.9
108.1
108.6
107. 9
107.7
107.2
106.2
105 8
105.8
10 400
535
10 400
427
973
682
820
535
867
506
906
506
920
461
807
415
800
384
751
402
781
427
732
476
865
501
904
503
871
511
10 251
10, 328
1,732
10 442
10, 508
1,666
910
1,021
1,488
960
968
1,480
942
896
1,526
852
906
1,472
977
964
1,485
969
854
1,600
884
831
1,653
747
733
1,667
754
755
1,666
559
683
1.635
770
841
1,564
947
902
1,609
820
863
1,566
67 42
69.39
71.46
82.40
79.06
70.69
68.74
67 69
66.28
64 87
64.01
65 88
66 40
69. 55
31.2
11.1
29.0
30 2
3.1
31.2
16.3
25.1
26 7
1.8
3.9
15.8
1.9
2.3
3.0
2.3
16.0
2.0
2.4
2.8
2.8
16.4
2.2
2.4
2.5
3.0
17.3
1.8
2.3
2.1
2.5
17.6
2.3
2.5
1.8
2.1
17.3
2 0
19
2.0
1.3
16.2
9 2
2.5
1.7
2.6
16.7
2.2
2 0
1.7
1.8
16.3
21
2 0
1.8
1.7
16.2
19
19
1.9
2.2
16.7
1.8
18
2.0
3.0
17.5
2.2
21
2.2
3.1
18.0
2. 1
2 2
2.2
818 4
64.3
778 7
783 3
35. 4
618.1
26.0
685 6
654.4
58.3
59.0
89.3
60.6
63.5
30.5
51.0
78.7
62.1
60.7
30.7
50.2
62.0
66.0
65.9
29.0
40.6
52.1
54.9
50.4
33.5
46.3
40.7
65. 6
58.7
39 9
40 6
31.4
56 1
51 6
44.4
35.9
26.4
50.6
40.9
52. 6
38 5
25.4
44 3
40 3
55.6
40 2
26.0
41 6
38 4
58.3
45 9
26.7
44 0
45 2
57.1
48 3
31.7
42 4
43 0
56.4
61 1
39.4
51 6
53 4
53.9
39 4
34.8
46 4
44 0
55.9
Southern pine:
Orders, new
Orders, unfilled, end of period
Western pine:
Orders, new
Orders, unfilled, end of period
mil. bd. ft
- _
-do _ _
mil. bd. ft
- _
do
Production
do
Shipments.- _ _ _ _ _ _ _
do
^Stocks (gross), mill, end of period
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
$ per M bd. ft
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
Orders, unfilled , end of period
Production
. . _ . - ._
Shipments
Stocks (gross), mi 11, end of period
Oak:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross), mill, end of period
r
1
mil. bd. ft-.
do
do
do
do
do
do
do
do
do
Revised.
*» Preliminary.
See note "O" for p. S-21.
t Revisions for 1964-65 are shown in Bu. of the Census report M31A(65)-13.
cTFormerly National Lumber Manufacturers Association.
FOOTNOTE FOR RAW STEEL, P. S-32.
AEffective Jan. 1967, the term raw steel has been substituted for ingots and steel for castings;
raw steel is denned as steel in the first solid state after melting, suitable for further processing
or sale, including ingots, steel castings, and continuous- or pressure-cast blooms, billets,
slabs, or other product forms. Current data for raw steel are comparable with the ingots
series.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
June 1967
1966
1966
Annual
Apr.
May
June
July
Aug.
1967
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons
Scrap
do
Pig iron__
_
_
do
i 2, 496
i 6, 170
128
1,724
5, 857
12
143
440
1
126
429
2
142
607
()
532
(2)
126
454
()
106
667
2
139
647
1
151
501
()
184
472
3
205
491
()
190
544
()
Imports:
Steel mill products
Scrap _ _ _ _ _
Pig iron
10, 383
235
916
10, 753
464
1,252
715
146
88
919
17
137
1,014
19
104
1,082
24
174
1,090
23
95
1,089
23
208
940
36
104
1,151
28
166
770
21
43
782
31
44
744
12
46
882
22
36
90, 534
55, 213
35, 320
90, 359
7,638
92, 070
55, 463
36, 606
91, 584
8,193
8,052
4,760
3, 292
7,945
7,471
8,214
4,910
3,304
8,231
7,491
7,783
4,734
3,049
7,797
7,483
7,022
4,380
2,641
6, 795
7, 709
7,763
4,714
3,049
7,498
7,982
7,695
4,787
2,908
7,677
8,005
7,838
4,752
3,086
7,810
8,035
7,508
4,545
2,963
7,507
8,034
7,272
4,480
2,792
7,112
8,193
33.36
35.00
29.95
31.00
30.02
33.50
28.71
32.75
28.40
30.50
29.54
31.00
29.54
29.50
28.84
28.00
29.18
27.00
28.64
27.00
27.88
27.00
27.50
27.38
27.00
28.53
27.00
Iron ore (operations in all U.S. districts):
Mine production
thous Ig tons
Shipments from mines
do
Imports
do
87, 420
385,331
45, 105
90,704
90, 583
46, 259
6,892
6,958
3,432
9,992
11,655
3,502
10, 784
11,953
5,154
10, 348
12,364
4,004
10, 125
11,322
5, 677
9,826
11, 144
5,383
8,229
9,883
5,532
5,176
8,769
5,158
5,085
2,845
2,811
4,773
1,869
2,864
4,576
1,772
2,049
5,049
1,778
1,712
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do
Exports
do
121, 964
125, 143
i 7, 085
128, 225
127, 694
7,779
8,841
10, 897
593
15, 421
11,658
1,048
15,370
10, 941
829
14, 628
10, 758
813
15,470
10, 562
778
15, 424
10, 941
922
14,613
11, 184
848
11,490
10, 257
501
6,691
10, 275
367
3,400
10, 203
252
3,391
9,370
366
3,753
10, 479
346
6,988
9,816
736
do
do
do
do
69, 158
12, 667
53, 997
2,494
70, 038
12, 673
54, 658
2,707
54, 652
20, 781
32, 127
1,744
56, 673
19,118
35, 852
1,703
60, 018
17,949
40, 278
1,791
62, 357
15, 933
44, 148
2,276
66, 009
14, 736
49, 056
2, 217
69, 452
13,431
53, 539
2,482
71, 755
12, 026
57, 010
2,719
71, 494
10, 434
58, 242
2,818
70, 038
12, 673
54, 658
2,707
66, 280
15, 793
47, 843
2,644
63, 055
18, 637
41, 864
2,554
59, 349
21, 908
35, 138
2,303
32,311
2,315
do
1,272
1,293
83
109
132
128
142
97
138
82
97
124
134
- 112
60
88, 173
88, 945
91, 509
91, 770
7,853
7,849
8,241
8,299
7,837
7,842
7,659
7,596
7,645
7,734
7,732
7,798
8,044
7,943
7,470
7,384
7,350
7,293
7,374
6,804
7,587
7,215
2,329
2,962
2,135
2,179
2,277
2,464
2,452
2,516
2,652
2,788
2,962
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62. 75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62. 75
63.00
63.50
62. 75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
882
15,713
9,171
962
15, 716
8,928
1,004
1,378
801
953
1,390
793
1,000
1,405
819
1,036
1,119
669
1,022
1,327
784
1,034
1,344
768
1, 012
1,346
757
964
1,268
711
962
1,214
669
940
1,220
636
-945
-1,113
-606
926
1,238
669
174
1,136
648
182
1,133
688
194
97
57
187
97
59
186
99
62
196
73
46
198
88
53
209
95
60
210
96
58
193
92
59
182
89
56
161
90
54
147
-85
-54
140
95
59
3131, 462
135.3
134,101
138.1
11, 569
144.9
12, 191
147.8
11, 403
142.8
10, 791
130. 8
11,097
134.5
11,280
141.3
11, 509
139.5
10,887
136.4
10, 435
126.5
10,632
128.9
10, 041
134.8
436
1,961
1,570
590
2,155
1,792
582
184
152
629
190
158
620
201
168
644
138
114
655
174
147
633
182
154
626
179
149
619
176
147
590
179
148
557
171
145
92, 666
4,528
6,798
9,764
1, 523
89, 995
3,806
6,764
9,103
1,776
8,174
324
600
819
155
8,221
334
596
822
152
8,033
318
582
815
158
7,179
278
548
758
149
7,788
312
582
797
142
7,718
314
570
781
148
7,495
321
572
752
141
7,239
346
539
708
141
6,846
364
543
667
144
14. 488
9.344
3,150
1,877
8.689
3,484
6,659
36, 733
10, 630
16, 571
14, 523
9,126
3,276
1,999
9,233
3,495
5,828
35, 468
10, 137
15, 972
1,279
797
297
175
874
327
535
3,260
919
1,494
1,321
830
301
179
886
344
559
3,207
894
1,455
1,324
820
313
180
900
334
582
3,021
842
1,307
1,162
719
292
143
859
279
534
2,613
756
1,114
1,264
772
304
177
864
317
558
2,952
833
1,289
1,268
797
289
173
776
305
510
3,046
904
1,338
1,261
798
275
177
665
289
432
3,064
896
1,396
1,239
780
276
172
640
256
402
2, 968
848
1,356
12.9
68.7
67.0
4.5
10.1
65.0
67.9
'5.4
10.8
5.9
6.0
-5.0
10.9
5.9
5.8
5.0
10.6
5.6
5.9
5.0
10.9
4.7
4.4
4.9
11.2
5.7
5.4
5.1
11.0
5.7 I
5.9 1
5.1
10.6
5.6
6.0
5.0
8.5
7.9
9.8
9.2
9.0
8.2
9.0
8.1
9.5
8.1
9.8
8.0
9.6
8.3
9.7
8.4
OQQ7
nc/14
nfiQQ
nS42
0849
OS42
0847
.0848
do
d o
do
2
116
2
2
2
2
162
776
2
( )
160
641
1
828
40
Iron and Steel Scrap
Scrap for consumption, total
thous. sh. tons__
Home scrap produced _
do
Purchased scrap received (net)
do
Consumption, total
do
Stocks consumers', end of period
do
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig ton
Pittsburgh district
do
Ore
Stocks total end of period
At mines
At furnace yards
At U S docks
Manganese (mn. content), general imports
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons_^
Stocks (consumers' and suppliers'), end of period
thous. sh. tons_.
Prices:
Composite
$ per Ig. ton__
Basic (furnace)
do
Foundry No 2 Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of period
thous. sh. tons__
Shipments total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh.tons__
Shipments total
do
For sale
do
Steel, Raw, Semifinished, and Finished
Steel (raw): A
Index
daily average 1957-59 = 100
Steel castings:
Orders, unfilled, for sale, end of period
thous. sh. tons__
Shipments total
do
For sale total
do
Steel products, net shipments:
Total (all grades)
do
Structural shapes (heavy), steel piling
Plates
Rails and accessories
do
do
do
Bars and tool steel total
Bars: Hot rolled (incl. light shapes)
do
do
Cold
Pipe and tubing
do
do
finished
Tin mill products
Sheets and strip (incl. electrical), total
Sheets* Hot rolled
Cold rolled
do
do
do
do
Steel mill products, inventories, end of period:
Consumers' (manufacturers only)__mil. sh. tons_
Receipts during period
do
Consumption during period
.. .
do
Service centers (warehouses)
do_
Producing mills:
In process (ingots, semifinished, etc.)
do
Finished (sheets, plates, bars, pipe, etc.) -do
S tppl fnarhrm'^
finioViorl
nnmn/^cii-a T-.ri/->o€
<t T-IOT- I K
- Revised.
* Preliminary.
i See note "O" for p. S-21.
2
3
Less than 500 tons.
Revised total; monthly revisions are not available.
ASee similar note at bottom of p. S-31.
^Beginning Jan. 1964, the composite reflects substantial changes in products and weights
10, 963 - 10, 349
132.9
129.6
510
165
- 139
454
189
158
7,292
348
534
701
137
6,531
360
508
668
144
7,562
403
591
784
169
1,148
746
235
157
587
241
427
2,724
781
1,240
1, 142
741
219
170
801
247
555
2,827
799
1,299
1,059
673
215
160
557
249
510
2,476
710
1,089
1,212
755
268
177
705
288
638
2 779
794
1,208
10.4
5.3
5.5
5,,
10.1
5.0
5.3
-5.4
10.1
5.3
5.3
5.5
10.0
4.8
4.9
5.3
9.9
5.4
5.5
-5.3
P9.5
^4.9
*>5.3
p5.3
9.9
8.6
9.8
8.8
9.8
9.2
9.9
9.1
10.1
9.3
10.0
9.3
plO.5
^9.1
.0848
.0848
.0848
.0848
.0848
r
used and is not comparable with earlier periods. The new composite price is based on AISI
net shipments of carbon steel and is the average price of all finished carbon steel products
(except rails and wire products) weighted by tonnage. Prices used are base prices at Pittsburgh; the average includes an additional 25% for "extra" charges but does not include freight.
SURVEY OF CUKKENT BUSINESS
June 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
S-33
Apr.
May
June
July
Aug.
1967
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
325
331
3,078
489
445
3,391
472
390
3,276
May
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders, new (net) _ __
Shipments
_
Backlog, end of period
thous. sh. tons
do
do
4,868
4,321
3,151
5,059
4,664
3,141
504
407
3,382
474
386
3,609
366
422
3,365
427
349
3,466
431
413
3,435
301
393
3,282
390
414
3,219
404
382
3,234
345
374
3,141
307
341
3,251
4,863
3 5, 145
420
444
478
483
566
518
405
359
404
334
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons-_ 2, 754. 5
Recovery from scrap (aluminum content).. do
3 769. 0
2, 967. 9
808.0
240.7
70.0
252.3
69.0
245.0
66.0
252 8
6l!o
239.8
69.0
245.9
71.0
258.4
76.0
251.0
72.0
262.1
65.0
527.3
65.4
i 203. 6
521.8
119.1
188. 2
54.5
9.9
10.7
52.5
10.7
13.0
51.7
12.7
15.7
37.2
11.7
13.2
40.5
12.0
13.1
39.6
9.5
16.4
36.6
8.1
18.7
33.6
10.0
16.5
64.8
.2451
74.8
.2450
60.3
.2450
67.7
.2450
63.1
.2450
70.0
.2450
61.9
.2450
62.2
.2450
65.8
.2450
8, 025. 5
5, 688. 2
2, 618. 6
1, 409.0
8, 669. 6
6, 467. 7
2, 942. 7
1, 639. 6
730.1
552.5
253.7
135.6
761.9
585.5
274.8
131.0
774.5
594. 1
275 0
133 1
649. 1
520. 1
241. 1
102,8
762.0
570.1
259.4
140.2
743.1
549.8
248.8
146.0
Copper:
Production:
Mine, recoverable copper
thous. sh. tons-_ 1,351.7
Refinery, primary_
do
1,711.8
From domestic ores__
do
1,335.7
From foreign ores
do
376. 1
Secondary, recovered as refined
do
429.4
1,421.2
1,711.0
1,353.1
357.9
472.0
120.7
137.9
111.8
26.1
43.5
126.4
144.8
117.1
27.7
47.4
121.6
152.9
118.2
34.8
43.7
107.1
136.0
106.6
29.4
41.6
114.9
135.0
107.9
27.1
40.8
523.8
137.4
596.7
162. 7
43.0
10.0
50.1
13.0
33.0
7.3
54.1
9.8
i 422. 1
i 325. 0
334. 7
273.1
35.3
30.9
31.5
27.5
23.7
21 2
2, 042. 6
161.3
112.9
.3502
2, 375. 1
241.5
175.8
.3617
202.7
183.8
124.3
.3615
188.3
181.8
124.5
.3603
211.0
212.6
153.8
. 3593
Copper-base mill and foundry products, shipments
(quarterly total) :
Copper mill (brass mill) products.
mil. Ib
Copper wire mill products (copper cont.) .do
Brass and bronze foundry products
do
2,974
2,177
1,075
3,326
2,494
1,102
Lead: A
Production:
Mine, recoverable lead
thous. sh. tons. Recovered from scrap (lead cont.)
do
301.1
575.8
319.3
550.4
26.2
43.6
26.7
46.6
25.8
45.8
24.8
38.4
27.8
44.5
27.1
47.9
27.9
47.4
26.8
49.5
26.8
44.2
25.3
45.4
'25.3
42.2
29.2
48.0
344.4
1,241.5
431.3
1, 300. 2
27.5
104.6
25.3
111.6
42.4
108.2
32.3
92.4
40.3
111.8
44.3
109.6
38.9
116.7
33.3
117.0
47.0
113.1
45.3
106.6
42.2
97.3
46.6
110.9
36.2
106.8
142.2
113. 1
111.1
114.6
119.2
133 9
145.1
144.0
140.3
142.2
157.9
154.8
154.8
154.7
25.2
109.2
23.4
85.4
21.2
98.8
23.9
99.0
25.8
98.8
25.6
107.3
23.0
104.8
22.0
98.8
21.8
91.9
25.3
88.5
23.4
85.4
24.9
92.6
29.7
90.2
29.5
98.6
54.8
.1600
48.3
.1512
48.1
.1600
46.3
.1514
42.1
.1500
42.5
.1500
45.3
.1500
44.7
. 1500
47.4
.1424
46.8
.1400
48.3
.1400
45.9
.1400
46.8
.1400
46.3
.1400
.1400
29
4,363
2,058
205
7,245
5,170
1,224
4,016
2,270
335
7,500
5,205
100
2,542
2,440
280
7,475
5,150
2,837
1,780
270
6,320
4,680
566
4,206
2, 145
275
7,425
5, 260
1,000
3,816
2,180
275
7,190
5,150
336
2,889
2,115
275
6,970
4,970
312
3,967
2,040
255
6,840
4,715
208
3,418
1,910
275
6,595
4,535
17
3,662
-1,910
265
7,000
5,040
393
2,883
1,855
265
6, 720
4, 875
122
4,268
5,350
7,260
5,275
782
26, 315
1.7424
408
24, 385
1. 6928
145
24, 970
1.6077
197
23, 380
1. 5987
80
23, 580
1. 5642
290
24, 250
1. 5412
93
24, 075
1. 5451
116
23, 105
1. 5422
249
22, 520
1. 5399
737
422
22, 400 -20,665
1. 5388 1. 5438
235
20, 500
1. 5371
1. 5333
48.6
26.9
46.8
14.9
Cans (tinplate), shipments (metal consumed),
total for sale and own useO
thous. sh. tons_-
r
335
412
265.2
67.0
243.6
274.4
40.7
6.8
21.8
36.6
7.7
20.5
32.7
6.5
24.9
41.1
6.8
24.0
44.5
5.3
21.9
66.8
.2450
74.8
.2450
76.6
.2474
69.1
.2500
69.8
.2500
.2500
706.2
523.4
231.7
147.3
685.5
495.2
216. 7
142.1
700.4
482.8
218.1
134.4
727.6
492.0
224.9
145.4
r 739. 8
r 520. 0
239.2
r 128. 4
766.5
560.2
243.2
136.3
116.6
151.0
116.9
34.2
37.6
124.4
139.6
106.3
33.3
34.9
120.2
149.2
117.6
31.6
37.2
120.4
161.1
129.0
32.1
35.7
122.4
148.9
122.3
26.6
40.9
117.8
138.6
111.5
27.1
33.1
- 132. 9
151.8
124.9
26.9
41.0
131.3
138.3
114.9
23.4
42.3
41.6
7.4
54.6
9.2
55.5
18.5
75.2
28.0
57.5
23.6
43.1
20.3
58.4
19.8
42.6
13.3
45.4
21.3
39.4
34.0
33.5
26.3
21.6
17.5
21.9
18.3
14.0
10.3
14.9
10.3
21.7
15.7
22.4
16.0
32.7
24.9
27.7
21.5
133.4
250.3
193.6
.3602
205.2
254.8
204.2
.3596
211.6
254.5
195.2
.3609
212.3
227.7
180.0
.3633
210.2
214.2
155.1
.3699
193.9
241.5
175.8
.3624
P 204. 5
p 233. 9
P 169. 4
.3787
NONFERROUS METALS AND PRODUCTS
Imports (general) :
Metal and alloys, crude
Plates, sheets, etc.Exports, metal and alloys, crude
do
do
do
Stocks, primary (at reduction plants), end of
period
thous. sh. tons..
Price, primary ingot, 99.5% min
$ per lb_Aluminum shipments:
Ingot and mill products (net)
Mill products, total. _
_
Plate and sheet (excl. foil)
Castings'!
_
_
mil Ib
do
do
do
Imports (general):
Refined, unrefined, scrap (copper cont.)_.do
Refined
do
Exports:
Refined and scrap
do
Refined-- do
Consumption, refined (by mills, etc.)-- - .do
Stocks, refined, end of period©
do
Fabricators' _ .
_ __
do
Price, bars, electrolytic (N.Y.)
$ per Ib
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. sh. tons..
Refiners' (primary), refined and antimonial
(lead content) _ _
_ thous. sh. tons
Consumers' cf do
Scrap (lead-base, purchased), all smelters
thous. sh. tons-_
Price, common grade (N.Y.)
$ perlb._
Tin:
Imports (for consumption) :
Ore (tin content)
Bars, pigs, etc
Recovery from scrap, total (tin cont.)
As metal
Consumption, pig, total
_
Primary
lg. tons__
2 4, 372
4,326
do
40, 814
41,624
do
« 25, 076
25, 318
do
3 3, 401
3,315
.do
84, 011 r 85, 486
do
58, 550 r 60, 209
Exports, incl. reexports (metal)
do
1 3, 064
3,069
Stocks, pig (industrial), end of period §
do
r 27, 661 ' 22, 687
Price, pig, Straits (N.Y.), prompt
$ perlb__ 1. 7817
1. 6402
Zinc:A
Mine production, recoverable zinc
thous. sh. tons_Imports (general) :
Ores (zinc content)
do
Metal (slab, blocks)
do
p 197. 8 P 217. Q p 187. 0
p 227. 1 v 242. 3 p 240. 8
p 160. 6 p 177. 5 p 193. 6
.3808
.3810
.3817 "."3812"
809
646
268
r
r
611.2
571.1
49.9
51.5
47.9
45.7
49.7
45.3
44.1
42.9
42.5
43.6
521.3
277. 4
35.3
14.0
32.8
26.3
43.1
28.3
26.5
21.6
70.9
23.8
62.1
25.7
39.2
27.4
48.0
26.7
56.0
21.3
47.9
27.2
51.2
11.1
9.7
18.9
9.3
18.6
10.1
19.6
9.4
19.7
10.3
19.3
9.4
19.6
9.1
19.1
.1400
209
1.5311
43.7
429.4
153.0
8.7
18.9
Consumption (recoverable zinc content):
Ores
do
3 122. 9
10.5
118.7
9.7
9.9
Scrap, all types
do
3 265. 1
229.2
18.7
18.9
19.4
••Revised.
p Preliminary.
1 See note "O" f or p. S-2 1.
2 T c)tal for 11 mont hs.
3
Revised total; monthly revisions are not availabl e.
OData reflect changes in conversion factor efTecthre Sept. 1 966 and J an. 1967 and are ilot
strictly comparable with those for earlier periods,
lEffectii re 1966, es timates are deri\ ed
from a new sample and are not directly comparable with earli er data; s ee note i Q Feb. 1 967
789
573
258
866
650
296
T
.2500
SURVE Y01Beginnin g 1966, ,otal inc udes co }per not previou sly covered; see note in
Feb. 1 367 SURV EY.
a "Consuiriers' and secondai y smelte rs' stocks of lead in refinery shapes
r
and in copper-l)ase sera 3.
§St ocks refl 3Ct surpl as tin m cide avail ible to industry by CJSAABegi nning A ag. 1964, data refl ect sales to the in dustry o f metal r eleased from the Govern.
ment s tockpile
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
June 1967
1966
Apr.
May
June
July
Aug.
1967
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zinc:A
Production (primary smelter), from domestic
and foreign ores
thous. sh. tons-. 1994.4
Secondary (redistilled) production
do
183.6
Consumption, fabricators'
do
'1,354. 1
Exports _
.
do
5.9
Stocks, end of period:
628.6
Producers', at smelter (AZI)cf
do
Consumers'
..
do 151.9
Price, prime Western (East St. Louis) .$ per lb_.
.1450
HEATING EQUIPMENT,
1,038.1
72.4
1, 408. 3
1.4
87.0
5.7
119.1
.1
88.8
6.0
123.5
(4)
86.4
5.9
118.6
.1
83.3
5.9
97.8
.1
82.6
5.9
124.0
(4)
83 5
5.' 8
117.7
.1
87.6
6.7
122. 1
.3
91.1
6.8
119.8
.1
93.4
5.7
110.1
95.1
5.7
107.8
.1
84.1
5.4
104.8
(4)
64.0
122.7
.1450
33.2
159.7
.1450
39.9
154.9
.1450
42.1
147.3
.1450
48.9
153.9
.1450
46.3
145.0
.1450
43.3
139.4
.1450
47.5
132.6
.1450
52.9
126.9
.1450
64.0
122.7
.1450
78.1
'115.5
.1450
83.8
105.3
.1450
7.5
90. 4
.6
8.1
.4
8.1
.5
8.6
.5
6.8
.7
10.6
.9
8.6
.9
8.7
.6
7.3
.4
.5
6.5
.6
5.5
617.2
40.4
39.9
38.7
44.5
54.2
52.6
58.7
38.7
58.5
66.2
54.8
62.8
53.5
70.4
46.4
61.4
43.7
46.9
40.4
46.8
43.4
' 40. 5
'40.4
46.6
39.2
2, 153. 7
234. 1
187.5
23.3
177.4
22.1
208.3
25.2
131.4
13.7
173.2
19.5
181.6
20.9
177.7
16.0
181.9
16.4
164.3
15.6
138.7
12.3
163.2
13.5
206.9
16.1
' 1,403. 4
' 985. 9
70.2
47.2
95.1
70.9
92.8
69.8
128. 1
99.4
169.7
121.7
209.3
150.5
204.4
139.2
148.8
104.1
75.1
51.6
56.1
33.2
'74.1
'44.6
74.3
49.5
'1,350.8
'1, 036. 9
2, 488. 9
88.1
70.2
218.6
98.3
79.0
194. 1
105.6
84. 1
207.6
104.2
82.2
210.9
146.1
112.3
208.4
159.9
115.2
202.6
160.5
119.0
222.5
115.2
80.0
178.5
86.4
64.5
176.4
88.1
68.3
'86.8
'66.6
95.6
75.0
.3
.1
87.9
103.7
113.4
.1450
.1450
.1356
EXC. ELECTRIC
Radiators and con vectors, shipments:
Cast-iron
mil so ft radiation
i 11.6
\T on ferrous
do
115.3
Oil burners:
i6 4
564.
Shipments
thous
42 0
Stocks end of period
do
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers) , shipments
thous- - '2,115.9
304.8
Top burner sections (4-burner equiv), ship. ..do
1
1,415.2
Stoves, domestic heating, shipments, total §_-do
994. 0
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
1, 566. 6
shipments, total §
thous
U 228 7
Q is
do
2, 616. 4
Water heaters gas shipments
do
7
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly.:
Fans and blowers new orders
mil $
TJnit-heater group new orders
do
Foundry equipment (new), new orders, net
mo. avg. shipments 1957-59=100-Furnaces (industrial) and ovens, etc., new orders
(domestic) net
mil $
Electric processing
do
Fuel-fired (exc. for hot rolling steel)
do
Material handling equipment (industrial):
Orders (new), index, seas, adj ©
1957-59 = 100..
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines) shipments
number
Machine tools:
Metal cutting tools:
Orders new (net) total
"Domestic
Shipments total
Domestic
.__
_ __
Estimated backlog, end of period
Metal forming tools:
Orders, new (net), total...
Domestic
Shipments, total
Domestic
Estimated backlog, end of period
208.6
66.9
322. 5
279.9
152.8
21.6
75.2
60.0
17 7
63.4
16.5
232.4
67.9
244. 6
54 2
17 2
227.6
340.6
319.5
243. 9
326.9
379. 8
219.5
317.1
216.6
195.8
320.6
523.5
15.8
3.5
7.6
15.5
1.6
9.3
12.2
1.3
8.1
17.6
1.5
7.1
9.0
1.9
4.1
10.7
1.3
2.9
8.9
.8
4.1
18.2
1.2
5.0
13.4
1.4
8.3
10.6
1.0
5.8
179.3
23.9
95.9
25.6
3.4
16.4
11.7
2.0
5.4
15.2
2.2
8.3
186. 3
207.2
196.8
198.3
198.5
204.8
216.4
215.7
218.9
204.2
212.8
212. 4
177.2
176.6
8,202
9,994
10, 390
12, 404
907
932
857
1,028
903
1,081
660
913
719
797
1,032
1,127
861
1,149
1,031
1, 147
1,029
1,402
826
886
903
976
1,024
1,374
997
1, 032
41,746
47, 043
3,980
4,015
4,305
3,359
3, 598
4,161
3,829
4,285
4,202
3,465
3,417
3,985
3,552
mil $ 1,176.00 1, 531. 30
1 054 40 1 39'? 90
do
do
958. 60 1,145.35
_ _ - _ d o _ -- 830. 55 1, 028. 95
7.6
months _ .
10.9
134. 50
118.40
86.00
78.35
9.5
127. 65
119. 55
90.20
79.25
9.7
135. 20
123. 15
112.00
102. 35
9.8
120. 75
109. 10
79.30
72. 70
10.2
113.05
107. 10
80.95
74.40
10.3
137.70
126.50
104.05
93.65
10.8
128. 10
121.10
101. 80
91.65
11.0
103. 50
93. 20
96. 60
85. 20
11.1
113. 10
100. 80
127. 05
113.40
10.9
88.50
81.10
86.45
77.80
10.5
95.35 ' 99. 10
83.65 ' 87. 70
94.20 '124. 45
84.75 '108. 95
10.5 ' 10. 2
22.80
21.80
26.70
25.30
9.6
31.15
27.55
27.40
25.85
9.5
39.15
33.00
30.60
29. 35
9.5
27.95
26.60
24.00
23.30
9.8
24.65
22.70
26.70
24.40
9.7
19.90
17. 95
29. 60
27. 60
9.4
23.75
20.90
27.05
25: 60
9.0
24. 30
22. 75
28. 00
26. 45
8.6
16.45
13.90
28.75
27. 70
8.4
13.80
13.70
25.75
24.10
7.8
17.50 ' 14. 40 17.25
15.65 ' 13. 65 13.80
29.15 ' 30. 60 28.70
27.70
26.00 ' 28. 40
* 7. 1
6.7
'7.6
416.3
114.5
30.5
2 30. 4 ' 2 29. 2 234.7
mil. $
do
do
do
months, _
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types), total 9
mil. $._
Tractors tracklaying total
do
Tractors wheel (con off-highway)
do
Tractor shovel loaders (integral units only),
wheel and tracklaying types
mil $
Tractors, wheel (excl. garden and contractors'
off-highway types)
mil $
Farm machines and equipment (selected types),
excl tractors
mil $
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments^. _ t h o u s _ _
Household electrical appliances:
Ranges, shipments
(distributors'),
domesticf
thous
Refrigerators and home freezers, output
1957-59 = 100-Vacuum cleaners, sales billed
thous ..
"Washers sales (dom and export)
do
Driers (gas and electric), sales (domestic and
export) .
thous
319.30
297. 75
287. 85
259. 80
9.9
321 . 60
291. 34
331. 30
312. 70
8.4
U,722.4
428. 3
149.4
1,913.5
488.9
Ig9 3
564. 7
139.4
50 9
458 9
112.8 1
41.7
i 399. 1
419.0
123 0
92 6
92.8
830.0
1, 005. 9
280.0
203.3
253.5
1 053 6
1 220 0
340.3
253.4
268.1
30, 528
32, 124
1,772
1,972
2,106
2,094
2,880
2, 022. 6
1,966.5
191.5
163.1
162.4
169.3
147.8
i 5, 106. 9
14,347.1
163.0
5, 582. 7
4, 406. 3
192.6
429.0
351.6
176.2
397.6
349.6
181.0
402.8
413.9
156.5
414.6
384.7
12,098.4
2, 360. 8
128.0
108.6
144.8
161.9
Radio sets, production©
do
24,118
Television sets (incl. combination), prod.O. -do
11,028
Electron tubes and semiconductors (excl. receiving,
power, and spec, purpose tubes), sales
mil. $_.
757. 0
Motors and generators:
New orders index otrlv
1947 49 100
215
New orders (gross) :
Polyphase induction motors, 1-200 hp
mil. $. . 210.1
D.C. motors and generators, 1-200 hp
do
44.6
23, 595
12, 402
1,824
907
1,801 3 2,075
874 3 1,125
1,234
586
1871.7
74.6
74.3
77.8
57.8
« 9.1
5.1
59.8
3.8
5 10. 1
«8.2
4.5
83.85
76.20
95.85
85.25
10.1
l
2
' Revised.
Revised total; monthly revisions are4not available.
For month shown.
5
Data cover 5 weeks; other months. 4 weeks.
Less than 50 tons.
Excludes orders for motors 1-20 hp.; domestic sales of this class in 1966, $127.6 mil.; Apr. 1967, $10.0 mil.
6
7
Reported yearend stocks. See BUSINESS STATISTICS note.
Total for 11 months.
ASee similar note, p. S-33. tf Producers' stocks elsewhere, end of Apr. 1967, 21,500 tons.
§For revised 1965 annual data and for monthly shipments beginning Jan. 1966, certain types
3
3.9
' 2 86. 5 2 103. 4
3,136
3,642
3,596
3,312
2,747
173.5
158.0
153.3
147.1
131.7
156.7
140.0
118.4
417.2
446.5
174.0
545.3
422.7
196.5
506. 9
407.6
143.9
509.5
304.6
119.0
458.8
245.3
116.4
454.9
317.0
124.4
444.3
325.4
262. 0
292.0
297.9
201.6
201.9
220.4
1,642
920
32,521
31,289
2,091
1,124
2, 075
1,165
32,338
31,333
1,727
853
72.7
80.0
72.5
69. 2
69.8
» 9. 2
3.3
59.8
3.8
5 10.5
4.5
58.3
4.9
57.7
2.8
236
255
239
5113.3
51.3
284.3
2,179
2,306
135.3
506.6
397.2
125.4
397.7
272.5
202. 2
186.2
119.3
1,479
1,049
n,771
1,466
'680
63.7
59.8
64.9
59.1
4.5
'58.2
5.0
'59.2
4.1
31,171
1,583
730
224
220
59.1
4.3
previously classified as heating stoves are included in warm air furnaces.
©Effective
Apr. 1967 SURVEY, data revised back to 1961 to incorporate new seasonal factors.
tRevised series. Data include factory distributing branches and direct factory shipments
to retailers and other domestic customers; comparable Jan.-June 1965 sales appear in footnote
in Sept. 1966 SURVEY.
9 Includes data not shown.
ISee note marked "V bottom of p. S-35.
OSee note marked "O" bottom of p. S-35.
SURVEY OF CURRENT BUSINESS
June 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
S-35
Apr.
May
June
July
Aug.
1967
Sept.
Oct.
Nov.
Dec.
1,025
1,003
Jan.
Feb.
Apr.
May
1 032
Mar.
1 195
44, 730
48, 880
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
14, 866
Production
thous. sh. tons
1851
Exports
- - - do
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton._ 12.979
Bituminous:
Production
thous. sh. tons-- 512, 088
12. 824
532,000
Industrial consumption and retail deliveries,
total?
thous. sh. tons_- 459, 164
242, 729
Electric power utilities
do
196, 732
Mfg. and mining industries, total
do
94, 779
Coke plants (oven and beehive) - - -do _
486,498
264, 202
201,722
95, 975
19, 048
829
60
669
35
859
41
13.475
13. 475
13,475
47, 000
42, 390 '47,670
1 232
1 196
101
876
52
12. 005
12. 005
12. 005
12. 005
12.355
12. 840
12. 985
13.475
13.475
30, 528
46.074
45,702
35,071
50, 965
47, 243
48, 990
46, 791
48,324
38, 047
20, 324
16, 567
7 827
37,420
19, 972
16,660
8, 272
37, 994
21, 269
16, 149
8,159
39,240
22, 962
15,736
8 224
39,818
22, 684
16,119
8,329
38,486
20, 990
15, 992
8,073
41,279
22, 009
17,171
8,213
42, 052
22, 433
17, 379
7 947
45, 395
24, 602
18, 145
7 997
45, 023 '41,517 r 41,711
24, 723 22, 758 22, 910
17,689 'T 16, 209r!7, 117
7, 258 T 7 979
7,946
19, 965
1. 102
706
498
474
938
1,432
2,023
2,163
2, 628
77, 393
53, 437
23, 603
10,506
74, 466
52, 895
21 332
9, 206
68, 115
46, 919
°0 993
8 640
69, 761
48, 605
20 918
8,485
73, 173
50, 589
22 304
9,078
65, 344
46, 424
18 6"
6 683
68, 558
48, 793
19 450
7 265
72, 471
51,981
20 183
7 632
75, 336
54, 520
20 525
8,180
75, 534
54, 409
20 845
8 568
74,466
52. 895
21 332
9 206
353
239
203
238
280
298
315
307
291
80
239
219
174
149
148
i 50, 181
Exports
do
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
4.794
$ per sh. tori-.
Domestic, large sizes, f.o.b. mine
-_ _ do 6.926
49 302
3 937
4 238
5 038
4 038
5 156
5 070
4 877
4 240
3 175
2 6"
3 610
3 102
4 193
4.952
6.971
4 814
6 632
4.986
6.614
4.986
6.695
4.986
6.795
4.990
6.953
4.990
7 259
5.031
7. Oil
5 113
7 056
5 129
7 143
5.122
7 162
5. 122
7. 162
5 116
7 197
1,657
65,198
17, 208
1 443
65, 700
17, 611
113
121
5, 528
1,419
5 682
1 470
5 714
1,530
93
5 512
1 405
141
5,604
1,478
r §9
5, 674
1,448
142
5 425
1 518
5 482
1 573
5 453
1 537
4 996
1 341
62
5 401
1 381
r ty g^2
5 317
2,701
2, 445
256
1,478
i 834
3,030
2 822
208
1,459
1 102
2 345
9
172
2, 166
2,009
2 258
2 061
2 438
2 228
2 575
2 356
2 635
2 498
9
821
2 691
3 030
9 822
3 949
3 018
3 388
3 156
3 730
3 465
1 459
208
3 597
3 973
9 54
1,563
231
1 570
2,080
1,939
141
1, 552
109
1 459
58
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of period,
totaLthous. sh. tons_.
Electric power utilities
do
Mfg and mining industries, total
do
Oven-coke plants. . . .. - _ _ . . .. do.
Retail dealers
_
_ _
_ __
do
COKE
Production:
Beehive
thous. sh. tons
Oven (byproduct)
... . .
do
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
12, 951
766
1,289
50
108
173
62
157
118
146
1 974
2 92
271.7
1,380
2.92
290.1
102
197
9
1 58
1,190
53
140
210
1,556
77
68
1 393
1,040
87
220
1 506
1,124
91
207
1,484
100
96
1 198
2 99
290.1
93
1 489
2.98
295.4
91
44
9
135
200
37
126
2,610
2,550
37
r
37, 380
20, 955
15, 645
7 617
1,680
729
74, 951 •70, 196 "71,231
51, 307 r 49, 583 50, 702
21 425 2() 439 r9Q 380
9 244 r 9, 364 r 9 491
74, 714
53, 702
20 864
9 847
119
232
r 1 489
1 474
95
76
68
67
1 285
2 98
280.9
90
1 792
2 98
298.3
92
950
2 98
293.8
r
91
19303
98
268. 4
265
3 00
95
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
mini her
18, 761 2 16 076
2. 92
Price at wells (Okla. -Kansas)- _ . _$ per bbl
2.93
Runs to stills t
mil. hbl._ 3, 300. 8 3, 447. 2
Refmerv operating ratio
% of capacity. _
87
91
All oils, supply, demand, and stocks: J
Xew supply, total
. _ .rail, bbl
Production:
Crude petroleum
_ .
_ _
do
Xatural-gas liquids, benzol, etc
do
Imports:
Crude petroleum.-.
do
Refined products
do
Change in stocks, all oils (decrease,—)
87
90
1 544
2 92
285.6
92
299.8
93
1 597
2.92
297.9
92
4, 446. 8
30') i
373.7
365. 7
371 9
377.4
358 2
373 5
366 5
383 3
405 4
356 5
2, 848. 5 3 039 0
441.6
468.7
949 '>
38.8
259. 8
39.4
251 5
37.9
256 3
38.9
257.0
39.3
248 8
38.0
259 3
40.4
252 8
40.0
263 8
41.6
265 6
43.5
9
36 5
37 6
37.3
37.2
39.0
37.4
39.1
37.6
41.5
39.7
36 0
35 4
36 0
37.7
34 4
39 2
39 0
45 9
41 1
55 2
•>q 9
46 4
4,190.9
452.0
448.7
447 1
492.0
9 Q9
92
41 5
39.9
do
-2.9
49.4
11.0
30.2
9.5
30.3
14.6
13.7
12.9
-10.7
-31.7
1.4
-18.4
_.do
4, 193. 7
4, 397. 5
351 1
343.6
356.3
341.6
362. 8
344 4
360.6
377 2
415 0
403 9
374 9
do
do
do
do
do
1. 1
67 2
4,125.5
1.5
.3
9
5 5
338.1
153.7
6 1
350'. 1
165 4
6 1
335. 3
159 6
59
356. 8
164. 5
4.9
4.6
5.9
.1
6 0
354.5
150 9
7 9
1
70 9
4, 325. 1
1 793 5
101 1
.l
6 9
337.4
149 9
7 5
.1
1,3720 2
97.6
t, 8
344. 9
147 3
6 1
.1
57
371.4
148 0
10 7
6 0
408.9
150 3
13 0
5 7
398.2
137 3
13 6
6 6
368. 3
198 9
19 4
Distillate fuel oil
Residual fuel oil
__
_ . _
Jet fuel
. .- _ _ _ - _. _
do
do
do
775. 8
587.0
3
219 6
797 2
626. 4
244 4
03 3
49. 1
91 5
53.2
43.2
20 3
48 5
44.4
20 7
43.3
43.0
17.7
51.3
45. 1
19.5
50 4
42. 1
91 1
58 6
47.3
22 9
74 7
53.0
21 5
92 9
62 9
23 0
92 5
70 5
21 9
89 1
f>9 8
•>0 i
Lubricants
Asphalt
._- _
Liquefied gases
do
do
do
47. 1
127 6
5 307. 1
48 9
134 1
323 9
4 4
8 1
24 0
12 1
22.9
4.4
4 2
17 '?•
21 6
4. 1
17. 5
21.7
19.6
23.5
4 0
16 5
24 1
4 3
15 8
27 1
30
9 2
31 2
4 0
4 8
35 3
38
4 7
35 5
3 0
31
30 9
Stocks, end of period, total Crude petroleum
Xatural-gas liquids. ._ ..
Refined products
do
do
do
do
836.3
220.3
35.9
580. 2
7
6
4
7
817.0
9
49 3
30.6
537 1
847.2
255.6
36.4
555. 2
856. 6
259 7
41.4
555 5
886.9
254. 4
46.3
586. 2
901.5
254. 1
50.6
596.8
915 3
248 1
52.4
614 8
928.2
247 3
52.2
628 7
do
do
do
1 704 4
3
4. 8
3
183 1
1 792 6
3 (5
194 9
140 1
146 8
156.0
157. 2
151 3
155 5
149 3
156 1
154 3
136 4
°07 9
147.7
,1
203 6
185 9
183.3
177. 0
179 7
185 2
187 9
194 2
912 4
99 1 9
.113
.114
.113
.113
.118
.118
. 118
. 118
.115
.115
.113
.113
.115
. 120
.218
.212
.218
.208
.216
' Revised.
p Preliminary.
i See note "Q" for p. S-21.
2 Reported total, monthly
3
revisions not available.
Beginning Jan. 1965, gasoline excludes special naphthas; aviation
gasoline represents finished grades only (alkylate excluded); commercial jet fuel (formerly
5
included with kerosene) is included with jet fuel.
4 Less than 50,000 bbis.
Beginning
Jan. 1965, data include demand for liquid refinery gases formerly shown under petrochemical
feedstocks; comparable 1964 total, 295.1 mil. bbls.
9 Includes data not shown separately.
§Includes nonmarketable catalyst coke.
{Revisions for Jan.-Oct. 1964 will be shown
later.
.218
.221
.219
.219
.220
. 221
.220
.227
.227
Demand, total
Exports:
Crude petroleum.. - _ . _ . _
Refined products
Domestic demand, total 9
Gasoline
_ _ .. _
_ _
Kerosene
Refined petroleum products: I
Gasoline (incl. aviation):
Production
Exports
Stocks, end of period
_
_
Prices (excl. aviation):
Wholesale, ref. (Okla., group 3 ) . _ _ $ per gal-Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gal_.
885
249
40
595
9
(4)
5.9
4
.4
4.3
.4
4
3
917
959
47
616
4
9
9
6
4
885
249
40
595
7
6
4
7
2
(4)
887
261
35
589
1
9
g
g
3
868 7
63 6
33 3
571 8
9
4
.225
. 224
FOOTNOTES FOR ELECTRICAL EQUIPMENT, P. S-34.
IData reflect adjustment to the 1963 Census of Manufactures; revisions back to 1963 are
available.
O Radio production comprises table, portable battery, auto, and clock models; television
sets cover monochrome and color units.
SUEVEY OF CUERENT BUSINESS
S-36
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1966
Annual
June 1967
Apr.
May
June
Aug.
July
1967
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Aviation gasoline:
Production
mil. bbl
Exports _
_ do
Stocks, end of period.
_
__ do
Kerosene:
Production
do
Stocks, end of period.
. do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal .
Distillate fuel oil:
Production
mil. bbl
Imports
do
Exports .
do
Stocks, end of period.
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal
Residual fuel oil:
Production
mil. bbl
Imports
do
Exports
do
Stocks end of period
do
Price, wholesale (Okla., No. 6)
$ per bbl
Jet fuel (military grade only) :
Production
mil. bbl
Stocks end of period
do
Lubricants:
Production
do
Exports
do
Stocks end of period
do
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt:
Production
mil bbl
Stocks end of period
do
Liquefied petroleum gases:
Production
do
Transfer from gasoline plants
do
Stocks (at plants, terminals, underground, and
at refineries) end of period
mil bbl
Asphalt and tar products, shipments:
Asphalt roofing total
thous souares
Roll roofing and cap sheet
do
Shingles, all types
do
Asphalt siding
Insulated siding
Saturated felts
1
48 6
42
'8.3
41 2
3 2
7 8
94.5
24. 1
102 1
25 0
1
1
1
30
33
2
9.0
.1
8.1
7.0
7 4
21.3
19.6
3 2
4
7.2
7 2
23.5
35
3 5
3 6
7 0
7 2
.4
7.3
81
27.1
9 0
30 3
30.4
4
4
7.7
3 6
.3
7.4
7 8
30.4
35
3 7
7 1
7 8
3.3
.3
8.2
4
8.3
8 2
27 9
10 1
25 0
10.1
21.5
9 2
18.3
.107
.107
. 109
69 9
16
68 6
11
61 9
4
1
9
.3
154 1
131 3
104.7
4
.098
.104
.102
.102
.102
.102
.102
.105
.105
.105
765 4
13.0
785 8
13 8
4 5
154. 1
60 4
63 8
62 1
18
67 3
65.9
1.1
.3
63 2
3
1.1
.4
66 6
.3
69 2
10
142.5
161. 1
177.4
3.8
155.4
1.4
.3
1.2
.3
91.0
102.5
117.7
1.4
.2
186.6
9
3
175.8
2
31
.090
.092
.092
.092
.092
.092
.095
.095
.095
097
097
.099
264 0
376.8
12.9
61 2
1.62
20.5
28.6
20.5
26.7
19 6
27.8
21.6
27.1
20 9
27.4
20.4
25.0
21.2
28.9
.8
51 7
1.55
56.9
1.55
1.4
23 2
38.3
49.5
1.55
59 6
1.55
61.6
1.55
64.0
1.55
25 3
36 1
1 l
61 2
1 65
25 4
44 3
46.2
1.55
21 7
31.2
.7
63 5
1.65
59 1
1.65
56 6
1.50
191.2
18 7
215. 5
19 4
17.6
18 7
18.5
19.6
18 6
19 8
17.8
23 0
16.3
23 7
17.7
22 6
19.5
21 1
19.6
20 8
19 6
19 4
19 4
19 4
20.0
20 7
62.9
16 6
13.3
1
.094
268.6
345.2
14.9
56.2
1.83
65.4
17 1
12 7
5.6
1.2
13.1
13.1
5. 1
15
12 5
1 7
12.5
.109
1
.8
5.3
1.4
1.1
1.1
.9
5.8
.9
1.6
099
1.4
5.8
5.4
5.8
5.2
13
12.6
17
12 4
17
12.2
15
13.0
5 2
15
12 7
55
12
13 1
1.45
14
13.7
5.0
270
270
.270
.270
.270
.270
270
270
.270
.270
270
270
.270
123 6
16 2
129 6
17 3
10 3
26.8
11 4
26.5
13 8
23 6
14 1
20.9
14 8
16.9
14 2
15 3
12 9
13 3
10 0
14.4
7 5
17 3
69
20 4
5 7
23 0
56.1
200 2
60.1
215 1
4.9
5.3
13.8
5.1
5.0
14.9
4.6
4.8
13.2
14.3
4.8
13 3
15 8
18 8
22.2
5. 1
25 8
55
25 4
22.0
32 0
37 7
25.4
32.1
37 4
43.1
47.7
49 8
49 6
45 2
37 7
32 5
29 9
72, 338
28, 293
44, 044
69, 363
28, 917
40, 446
5,448
2,028
3,420
6,100
2,263
3,838
8 127
3,050
5,077
6 540
2,582
3,958
7,161
3,033
4,128
7,194
3,107
4,087
6,783
3,099
3,684
5, 142
2,441
2,702
3 555
1,773
1,782
3 422
1,652
1,770
3 680
1,506
2,174
* 5, 337
r 2, 232
628
590
980
554
496
880
38
38
73
38
46
75
48
54
99
44
52
77
60
59
80
62
60
77
68
55
76
53
41
66
37
22
53
31
16
61
31
20
58
r 41
25
'73
34
34
71
do
do
thous sh. tons
4.9
.270
5.1
' 3, 106
6,086
2,348
3,738
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts -..
Consumption
Stocks, end of period
Waste paper:
Consumption
Stocks end of period
thous. cords (128 cu. ft.)
do
do
thous sh tons
do
WOODPULP
Production:
Total all grades
thous sh tons
Dissolving and special alpha
do
Sulfate
do
Sulfite
do
Groundwood
Defibrated or exploded... _
Soda, semichem., screenings, etc
Stocks, end of period:
Total all mills
Pulp mills. ._
Paper and board mills
..
Nonpaper mills
do
do
do
do
do
do
do
2
53,736
2
52,828
2
6, 410
58, 881
55, 382
6,059
4,512
4,642
5,260
4,569
4,794
5,001
4,957
4,664
5,313
4,772
4,564
5.453
5, 020
4,792
5,639
4,730
4,418
5,908
4,827
4,978
5,829
4,497
4,646
5,703
4,716
4,366
6,059
4,759
4,844
5,835
4,526
4,454
6,020
5, 105
4,801
6,286
p4, 361
p4, 759
p5, 994
2
10,297
2
10, 159
682
871
486
899
488
894
511
746
562
893
576
837
596
877
622
814
648
752
682
808
650
770
'616
'829
'640
p797
P629
33,921
2, 692
35, 736
1,557
22, 353
2,804
2,964
132
1,854
239
3,102
134
1,945
256
3,017
140
1,898
236
2,904
115
1,847
220
3, 130
134
1,980
243
2, 820
118
1, 752
228
3,133
131
1,970
245
3,047
132
1,923
243
2,801
116
1,753
209
3,076
134
1.944
230
2,897
110
1,849
221
3, 129
139
1,981
238
3,065
106
1,967
233
3, 532
2 1, 647
2
3, 094
3 962
1,530
3,421
331
133
275
338
133
297
322
134
286
318
131
273
341
132
300
319
131
273
353
136
299
334
113
300
322
119
281
348
132
288
322
124
271
345
132
294
337
131
290
759
241
729
258
387
84
683
243
361
79
700
250
369
81
716
233
393
91
746
249
408
89
775
266
418
91
743
252
398
92
773
296
386
91
760
292
382
86
729
258
387
84
751
289
379
83
778
323
379
76
-805
322
p786
324
76
P 74
128
36
92
620
2
2
1, 482
221,473
2
2
436
82
1,572
563
1,009
153
46
108
140
47
93
132
54
78
121
24
97
123
42
81
146
49
97
109
42
67
136
47
88
133
42
90
103
39
64
113
38
75
172
83
89
3,355
293
3,065
254
20
234
287
24
263
300
28
272
279
26
254
320
29
290
258
22
236
290
17
274
282
21
261
293
35
258
287
20
267
261
19
242
297
25
273
245
20
226
*A f\AQ
Afi ^ft
4 034
3 996
3 938
1,699
1,697
1,718
Paper
. _ _ _ do
19,113
23, 228
1, 946
20, 866
22, 483
Paperboard
do
12
12
12
145
138
Wet-machine board
do
339
349
339
3,925
3,709
Construction paper and board .
do
r
:
2
Revised.
p Preliminary.
See note 2 for p. S-35.
Reported annual total;
revisions not allocated to the months.
3 See note "O" for p. S-21.
3 677
1,586
4 097
1,727
3 780
1,658
4 090
1,783
3 859
1,692
3 612
1,626
3 914
1,774
p3 876
pi, 724
P! 850
9
313
12
323
12
304
11
275
3 684 * 4 015
1,654 r 1, 794
1 753 T j gQg
r 13
11
r
313
266
Exports, all grades, total
Dissolving and special alpha ....
All other.
Imports, all grades, total
Dissolving and special alpha
All other.
do
do
do
31,402
_ do
do
do
3,127
3 535
897
280
2,847
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
12
307
1 7d9
1 ftfiS
12
232
12
260
pll
p 291.
May
SUEVEY OF CUEKENT BUSINESS
June 1067
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
S-37
1966
1966
Apr.
Annual
May
June
July
Aug.
1967
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
PULP, PAPER, AND PAPER PRODUCTS— Continued
PAPER AND PAPER PRODUCTS— Con.
Paper and board— Continued
New orders (American Paper Institute) :§
All grades, paper and board
thous. sh. tons_
Wholesale price indexes:
Printing paper
1957-59—100
Book paper A grade
do
Paperboard
do
Building paper and board
do
Selected types of paper (API):§
Fine paper:
Orders new
thous. sh tons
Orders unfilled end of period
do
44, 296
46, 886
3,998
4,042
4,025
3,703
4,036
3,791
4,077
3,742
3,582
' 4, 113
101.4
110.6
96.4
93.0
101.7
115.1
97.1
92.8
101.4
113.5
97.1
92.6
101.4
114.6
97.2
92.6
101.9
114.6
97.2
92.6
101.9
115.6
97.2
92.9
101.9
116.7
97.2
93.0
101.9
116.7
97.2
92.7
101.9
116.7
97.2
93.0
101. 9
116.7
97.2
93.1
101.9
116.7
97.2
92.7
101.9
116.7
97.3
92.4
101.9
116.7
97.3
92.4
101.9
116.7
97.3
92.3
2,429
150
2,637
159
233
172
231
177
230
189
211
186
233
185
204
168
223
169
208
160
202
159
230
164
'215
'158
p 241
p 168
' 3, 752 p 3, 985
Production
Shipments
Printing paper:
Orders new
Orders unfilled end of period
do
do
2,410
2,413
2,641
2,623
228
228
222
222
227
227
201
208
226
228
216
210
235
227
224
223
214
205
^237
231
'222
' 223
p 227
p 239
do
do
6,198
510
6,711
553
551
598
579
614
580
626
546
656
555
621
563
610
562
583
515
543
556
553
'581
'581
'495
'595
p 570
p 493
Production
Shipments
Coarse paper:
Orders new
Orders unfilled end of period
do
do
5,993
5,993
6,511
6,514
534
534
557
557
556
556
513
513
561
561
547
547
571
571
543
543
539
542
558
'558
'519
'519
p 575
p 493
do
do
4,590
210
4,723
200
417
256
387
245
390
240
369
215
398
234
374
227
392
214
392
205
382
200
'392
'212
'394
'225
p 394
p 208
Production
Shipments
Newsprint:
CanadaProduction
Shipments from mills
Stocks at mills, end of period.
United States:
Production
_
Shipments from mills_ _
Stocks at mills, end of period
do
do
4,591
4,564
4,696
4,704
394
399
405
398
397
396
365
370
399
397
389
388
399
395
392
394
372
381
'400
'397
'433
'387
p 401
p 408
do
do
do
7,720
7,747
150
8,419
8,385
184
702
732
272
735
777
230
698
687
241
703
666
278
730
709
299
677
703
272
726
717
281
714
738
258
667
740
1S4
698
612
270
659
602
327
695
653
369
670
692
348
do
do
do
2,180
2,183
19
r 2, 408
' 2, 405
21
192
191
20
205
207
17
205
204
18
194
186
26
211
207
30
192
195
27
211
210
28
214
215
28
'198
'205
21
227
209
39
212
199
51
225
225
51
223
221
54
6,387
6,898
576
628
573
522
547
582
641
626
593
542
511
585
609
681
641
668
677
688
729
737
700
705
681
682
672
676
654
6,991
570
607
632
494
587
624
605
601
577
563
500
549
528
136. 23
134. 40
134. 40
138. 40
138. 40
138. 40
138. 40
138. 40
138. 40
138. 40
138. 40
138. 40
138. 40
449
724
445
92
453
973
450
94
469
1,025
466
97
452
999
457
94
391
999
410
84
449
975
450
92
429
937
435
90
461
943
463
95
442
883
463
94
412
731
423
84
456
748
404
91
451
720
455
92
450
705
453
91
459
695
452
90
160, 152
13, 182
13, 471
13, 672
12,371
14, 036
14, 227
14, 353
13, 798
12, 982
12, 298
12,098
14, 056
12, 747
r
' 143. 4 ' 140. 6
140.1
124.6
122. 4
141.7
»129. 8
42.68 ' 48. 11
' 46 88 ' 47 53 ' 37 72 ' 46 79 ' 47 94 ' 48 89 ' 46 57 ' 42. 43 45.25
86.62
88.75
87.59 86.69 ' 82. 87 95.03 ' 98. 07 104. 15
90.84
91.45
92.77
51.75
39.37
34 22
42 40
38 05
30 69
33.06
34 59 29 54
25 94
38 45
.223
.220
.219
.206
.223
.208
.236
.230
.241
.234
.219
38.47
109. 18
33.58
.208
54 '150 19 164. 73
33 133 78 '146 32
28 '347.55 344. 21
25. 07
25 24
26
155 09
127 42
338. 26
22.81
Consumption by publishersd"
do
Stocks at and in transit to publishers, end of
period
thous sh tons
Imports
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh. ton. _
573
6,323
132. 40
Paperboard (American Paper Institute): A
Orders, new (weekly avg.)_thous. sh. tons
i 417
Orders, unfilled, end of period. _ _ _ .
do
1796
Production, total (weekly avg.)
do
410
Percent of activity (based on 6.5-day week)
90
Paper products:
Shipping containers, corrugated and solid fiber,
shipments^
mil sq ft surf area
148, 471
Folding paper boxes, shipments, index of physical
volume
1947-49=100-.
128.2
134.1 ' 128.9 ••132.9
' 142.9 ' 123. 6
145. 1
r
132. 8
13, 999
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous Ig tons
Stocks, end of period
do
Imports , incl. latex and guayule
do
Price, wholesale, smoked sheets (N.Y.)__$ per l b _ _
Synthetic rubber:
Production
Consumption
Stocks, end of period. Exports. _
thous Ig tons
do
do
do
-
Reclaimed rubber:
Production
Consumption. _ .
Stocks, end of period-
_ do
do
do
514 71
100. 01
445 32
.257
' 554 13 T
' 82. 87
431 66
.236
4(5 40
90.34
44 33
.244
'1 813 23 '1 969 97 '165 56 '165 69 '161 53 '155 49 '160 55 '164 18 '168 11 '170 91 '166.83
r\ 540 n '1 666 06 '139 87 '136 78 '139 27 '112 43 '136 50 '142 60 '151 70 '142 76 '140. 16
311 95 '348 69 316 02 322. 02 323. 96 342 71 338. 91 337. 22 334 99 340 40 348. 69
23 37
25 39
25 18
24 39
24 59
24 10
24 07
2 281 78
28 01
308 44
26 11
280. 29
269 54
30 16
164
146
352.
26
.208
20.73 23. 32
17.98
'21.94 ' 22. 72 22.21
24.
'277.36 ' 23. 19 ' 24. 05 ' 24. 66 ' 18. 67 ' 22. 93 '21.83 ' i:> 02 T
20.33 ' 21. 58 19.33
' 964 51 ' 22 57 ' 22 18 ' 22 90 ' 17 65 ' 20. 87 '21.76 ' 3 83 20 88 ' 20. 71 21.66
'32 99
32 41
31 00 ' 30 82 31.63
30 72
30 48
32 18
' 32 29 29 99
30 79
32 41
30 6?
30 36
TIRES AND TUBES
Pneumatic casings, automotive:
Production.
Shipments , total
Original equipment
Replacement equipment
Export
thous
.
167 854
177 169
15 317
14 885
14 473
12 187
13 959
14 809
15 869
15 000
14 483
15 058
14 147
15, 070
do
do
do
do
169, 060
58 280
107, 905
2 875
173, 464
54 680
116, 348
2 436
16, 224
5 253
10, 734
237
14, 690
4,903
9,587
200
16, 220
4,900
11,161
159
12, 901
2 446
10, 292
163
12, 621
2 066
10, 358
197
16,015
4,684
11,133
199
16,558
5 269
11,020
269
13, 858
5 171
8,511
176
12, 388
4 629
7, 564
196
13, 166
4 143
8, 845
178
11,353
3,234
7,898
222
14, 434
4,455
9,782
198
2
37 016
2 381
42 569
2 051
40 775
175
41 214
220
39 601
147
39 166
151
40 856
153
39 565
166
39 093
161
40 393
181
42 569
165
44 678
123
47 594
115
48 273
156
147
41 34°
41 936
11,839
1 189
42 765
44 222
11,996
1 100
3 591
3 724
10, 699
125
3 533
3 336
11, 039
126
3 669
3 770
11,107
80
3 185
3 402
11,119
96
3 301
3 399
11,163
74
3 743
3 739
11,065
102
3 773
3*834
11,276
104
3 490
3 l>28
11,704
86
3 434
3 219
11, 996
85
3 496
4* 630
10, 846
68
3 385
3 312
10, 947
55
3 853
3 798
11,050
101
108
Stocks , end of period
Exports (Bu. of Census)
do
do
Inner tubes, automotive:
Production.
Shipments
_
Stocks, end of period
Exports (Bu. of Census)
do
do
do
do
_.
2
' Revised.
r> Preliminary.
1 Beginning Jan. 1965, monthly data are 4-week averages
for period ending Saturday nearest the end of the month. Annual data for new orders are
52-week averages: those for unfilled orders are as of Dec. 31. 2 See note "O" for p. S-21.
cTAs reported by publishers accounting for about 75 percent of total newsprint consumption.
tRevisions for Jan. 1964-Feb. 1965 will be shown later.
§Formerly American Paper and
Pulp Association. AFonnerly National Paperboard Association.
SURVEY OF CUERENT BUSINESS
S-38
1966
1966
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual
June 1967
Apr.
May
June
Aug.
July
1967
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
17, 066
24, 758
564.5
24.4
123. 2
Apr.
May
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous. bbl
1
374, 086 380, 665
30 883
35 330
41, 724
37 941
43,176
38, 672
38, 400
29, 195
21,044
18, 457
8, 089. 1
313 3
1 732 2
7,606. 2
267 4
1 610 3
745.6
22 7
146.4
753.8
21 2
148.4
812.3
24 5
174 4
709.3
23 2
159 0
746.9
24.9
159.8
636.7
23 2
148.2
615.9
25 2
139.2
544.0
21.6
115.4
408.8
20 4
90.7
410.6
18. 1
82.9
' 369. 8
21.0
'72.1
326 9
308 1
28 3
26 2
29 2
27.1
28.7
26 3
25 2
23 7
99 9
22.0
' 15.3
19.2
283 4
272 7
24 6
24 2
26 1
21 8
23 7
22 3
20 8
20 3
18 9
18.9
19.1
29 9
108 4
111.5
110 9
111. 1
111.8
111.9
111.9
111.9
112.1
112 9
112.2
112.4
112.9
112.9
354 308
343 138
86 554
80, 852
87, 930
76, 736
140 559
213 749
136 785
206 353
34 401
52, 153
34, 088
46, 764
34 755
53, 175
28, 388
48, 348
202 050
211 764
17 567
18, 370
18 996
18, 027
19,821
17, 163
18, 392
16, 064
15, 609
17, 119
16, 852 '18, 040
19, 205
195 924
204 093
16 578
17, 460
19 337
17,125
19 768
18, 878
15, 981
15 971
16 197
15, 271
15, 010 '18, 485
17, 480
21 548
21 605
1 717
1,713
1 653
1,578
2 533
2,767
1,760
1 478
1 403
1,448
1,651
r
2, 056
1,802
53 742
51 941
3 851
4 142
4 568
3 957
4 963
4,936
4,433
4 378
4,025
4,329
4,079
' 4, 432
3,991
20 283
36 134
17 273
27 098
38 895
17 608
2 266
3 304
1,469
2,561
3,549
1,539
3 350
4,197
1, 540
3,236
4,190
1,120
2,579
3,893
1,507
2,287
3.050
1,506
1,533
2,759
1,757
2,016
2,787
1,617
2,677
3,234
1,368
1,852
2,692
1,338
1,918
2,631
1,291
' 2, 763 2,788
3,923
' 3, 885
1,494
'1,682
do
do
do
38 797
6 882
1 265
39 992
5 813
1 141
3 366
3,359
516
81
3 427
'510
2 575
3 646
92
393
76
544
103
3,669
546
117
3,227
426
86
3 153
502
103
448
94
2,958
424
108
3,093
442
77
2,865
497
78
do
26 945
30 084
31 977
3? 814
31 892
32 408
31,926
29, 684
31,735
31, 280
30, 084
31, 500
5 911
10 035
5 479
9 635
1 487
2 678
1,706
2,535
1,253
2,177
do
9 320
8 258
2 305
2,111
1,768
do
do
4 580
4 697
1 430
1,339
80
1,072
82
do
do
828
976
6 904
678
191
238
185
252
136
206
1 368
8 083
1 089
6 930
1 996
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick
Structural tile, except facing
thous sh tons
Sewer pipe and fittings, vitrified
do
Facing tile (hollow) , glazed and unglazed
mil. brick equivalent
Floor and wall tile and accessories, glazed and unglazed
mil sq ft
Price index, brick (common), f.o.b. plant or
N.Y. dock._ ..
1957-59 = 100
GLASS AND GLASS PRODUCTS
Flat glass, mfrs ' shipments
thous $
Sheet (window) glass, shipments
Plate and other flat glass, shipments
Glass containers:
Production
do
do
thous gross
Shipments, domestic, total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses and fruit jars)
thous gross
Beverage
Beer bottles
Liquor and wine
do
__do
do_ _
.
__.
Medicinal and toilet
Chemical, household and industrial
Dairy products
Stocks, end of period
3,069
505
93
2,993
425
64
32, 964 '31, 943
33, 462
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
Production
thous sh tons
do
Calcined, production, total
Gypsum products sold or used, total:
Uncalcined uses
Industrial uses
Building uses:
Plasters:
Base-coat
All other (incl Keene's cement)
Lath
Wallboard
All other
mil sq ft
do
do
319
271
322
294
215
1,828
316
1,483
43
55
76
228
80
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills: f
Cloth woven total 9
mil linear yd
Cotton
do
Manmade
fiber
do
Stocks total end of period 9 cf
Cotton
Manmade
fiber
Cotton
Manmade
do
do
do
_
fiber
do
do
13 037
9 262
3,517
12 689
8 866
3 571
1 008
1 019 2 i2 237
701
856
2
294
353
1 139
1 306
1 053
766
521
614
414
1 045
607
416
4 140
3,023
999
3 *?22
2,408
746
4 662
3*473
1 080
4 714
3,504
1 099
14 916
9 557
14 956
9 296
9 569
9 647
676
442
'953
673
'262
2 1, 158
2823
2312
824
557
249
1 010
712
279
21 210
2854
2335
1 001
705
280
1,001
722
265
2 1, 081
2 778
2285
1 084
620
444
1 175
656
501
1 194
703
473
1 180
673
489
1 219
702
500
1 257
730
509
1 306
766
521
1 333 ' 1 311 1,303
782
785
786
500
528
'505
4 453
3,305
1 046
4 500
3, 302
1 105
4 135
3,124
925
3 883
2,952
855
3 7°7
2,839
821
3 382
2,533
783
3 222
2,408
746
3 209
2,423
718
' 3 059 3 049
2,251
2,290
687
'737
10
700
285
396
1,341
5,008
8,755
9, 526
5 9, 557
622
769
2932
781
759
940
667
254
COTTON
Cotton (exclusive of linters):
Production:
GinningsA
thous running bales
Crop estimate, equivalent 500-lb. bales
thous bales
Consumption
do
Stocks in the United States, total, end of period
thous. bales..
Domestic cotton, total
do___
On farms and in transit
do
Public storage and compresses
do
23, 785
23, 680
2,533
19 619
20, 438
20, 359
1,294
17,639
758
19,542
19, 460
354
17, 360
1 74fi
769
18,629
18, 553
377
16, 524
I
76
fiCO
2
953
17, 467
17,396
147
15,761
1
AQQ
71
82
105
79
' Revised. 1 Beginning Jan. 1965, excludes finished cement used in the manufacture of prepared masonry cement 2
(2,734 thous. bbls. in 1964); annual totals include revisions not distrib3
uted to the months.
Data cover 5 weeks; other months, 4 weeks.
Ginnings to Dec. 13.
4
Ginnings to Jan. 15.
s Crop for the year 1966.
e Includes revisions not distributed
to the quarters, f Data shown here are not strictly comparable with those for earlier periods
for the following reasons: Beginning Jan. 1964, fabric classifications were revised and manmade
fiber drapery fabrics were added; beginning Jan. 1966, data reflect further changes in reporting
classifications, principally cotton blends.
Foreign cotton, total
_
do
16, 862
16, 801
188
15, 274
1 339
62
26,902
26, 803
11,318
14,177
1 308
99
25, 202
25, 109
9,993
14, 012
1 104
93
23,615
23, 535
6, 545
15, 873
1 117
80
3
9, 204
-'852
4
770
21,904 20, 438 19, 070
21,822 20, 359 18,991
1,294
1,099
2,255
18, 229 17, 639 16, 262
1 630
1 4 96
1 338
79
82
79
749
2906
748
17, 747
17, 669
853
14, 942
1 874
78
16, 565
16, 496
730
13, 779
1 987
69
15, 566
15, 505
851
12, 664
1 990
61
9 Includes data not shown separately.
cf Stocks (owned by weaving mills and billed and held for others) exclude bedsheetmg,
toweling, and blanketing, and billed and held stocks of denims. Effective Aug. 1965, stocks
cover additional manmade fiber fabrics not previously included.
II Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheetmg,
toweling, and blanketing.
ATotal ginninzs to end of month indicated, except as noted.
SURVEY OF CURRENT BUSINESS
June 1967
1967
1966
1966
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
S-39
Apr.
Annual
May
June
Sept.
Aug.
July
Nov.
Oct.
Jan.
Dec.
Feb.
Mar.
Apr.
May
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
Exports
thous bales
Imports
do
Prices (farm), American upland, cents per Ib
Prices middling 1", avg 15 markets
do
Cotton linters:
Consumption
thous bales
Production
do
Stocks, end of period
__ _
do
3 795
1
1
99
28.0
29. 6
725
123
113
848
18.9
14 7
128.0
.493
102.9
19.5
15 1
132.1
.509
102.4
19.2
14 7
10.5
.525
8 0
19.3
14 7
10 7
.536
8 2
699
891
.949
657
939
667
946
9,238
8 846
20 3
18 4
22 6
22 6
4 5
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system wholesale price
1957 59 — 100
Woolen and worsted woven goods, exc. felts:
Production (qtrly )
mil lin yd
Suiting, price (wholesale), flannel, men's and
boys', f.o.b. mill
1957-59-100__
288
3
20.4
22.2
91
37
641
104
42
584
2 123
63
527
105
153
567
93
168
636
293
158
725
91
152
778
89
111
810
2 105
'113
'828
94
66
831
19.3
14 8
19.5
15 1
10.6
.530
19.6
15 1
212.9
.514
19.5
15. 1
10.2
.508
7.9
19.5
15.1
19.8
15.3
10.1
.503
19.8
15.3
10.0
.499
19.8
15.3
211.3
7.8
7.8
.477
29.3
20.0
15.3
10.0
.501
7. 7
.953
.951
.945
.940
138
19.3
14 8
12.9
.515
2
9. 9
58
711
2
667
.954
38
21 7
38
38
458
5
6.6
8.2
210.1
19.5
15. 1
10.5
.527
8.3
667
959
962
.962
.960
.953
28 7
20 2
18 6
17.6
18 4
16. 1
14.9
3.8
3.9
4 5
4.3
4.2
4.4
.32
38.61
38.13
197.6
150.9
935.1
181.3
155. 3
5 56. 6
s 42. 7
' 298. 5
210 8
'85.3
298. 2
224. 3
76.0
.430
5 0
38
25
17
17
17
17
18
18
.29
38.72
38.72
38.75
40.40
40.60
.23
40.41
.26
38.71
21
40.67
25
339.39
39. 54
39.12
38.88
35 8
18 7
18 0
35 6
18 8
18 0
36 9
18 8
18 0
36 2
18 8
18 0
36 2
18 8
18 0
36 2
18 8
18 1
36 2
18 8
18 1
36 2
18 8
18 3
36.2
18 3
18.3
36 2
18 3
18 3
3 860. 1
799.8
659.2
'996 9
198.8
172.8
T
1 164 7
904 0
332.4
'291 *>
250 0
84.1
211.9
2, 181
2,083
19 8
.453
28.8
r 302 9
"2 4
85.2
980. 7
201.7
168.5
37.50
18.4
r 943. 1
98, 722
55 522
8,509
4 902
9,209
5 506
8,262
5 104
7, 290
4 394
7, 056
4 025
7,484
5 165
7,889
5,779-
7,533
4,162
8, 609
7, 608
8,069
6,514
8,101
7,034
7,453
6,314
7,492
6,290
16, 571
177, 570
1 132
21,488
1,752
13, 654
1,795
13, 825
1,198
14, 308
1,843
17, 303
1,416
12,411
923
13, 349
1,600
11,910
1,587
14, 246
2,237
9,563
3,357
13, 600
1,908
14,488
1,574
10, 674
67.3
70.1
58.8
53.5
57.6
53.5
55.0
54.7
63.7
65.9
66.5
70.9
66.8
74.5
65. 6
70.7
64.4
64.4
67.3
70.1
70.2
'74.5
68.6
80.1
63.3
82.8
59.4
80.8
'•150. 2
129.8
42.5
r
r 117 8
109 7
23 3
9
8
84
.80
163. 9
121.2
46.8
'150.2
129 8
42 5
137. 1
136 3
29 3
.28
72
.81
85
80
28
80
.80
3 926 2
l' 640 6
855 8
303 9
4 200 7
1 575.5
733.8
334.7
1 091 4
405 8
187 1
83 2
998 0
382 2
178.2
86 8
1 006 0
368.3
169.9
80.6
1 534 6
1 909. 1
497 8
444 0
467.8
643 3
713 5
8
19.7
22.2
14.5
4.1
8.6
2,287
627 2
1 049.2
164 0
274 0
145 8
239 5
154 7
255.0
519 4
167 083
481.2
173 701
274.7
112 3
271.6
108 9
1.249
1.192
1.156
28
84
'so
28
*84
.80
9g
84
80
14 600
13 958
127 8
14 222
266.6
103.6
277.2
114.6
23.4
23.0
8 5
23.1
1.349
1,171
1. 259
107 8
108 2
9Q7 3
102.7
so
28
75
.81
28
72
81
28
72
.81
12 821
114.6
14 061
15 227
15 062
18.9
8.3
228.1
2
9. 6
25.7
11.4
21.4
12.5
22.1
8 3
26.4
16 1
222.6
2
9 5
18.7
9.3
17.7
8.6
14.7
5.0
16.1
7.7
15.9
7.0
1.350
1.225
1.275
1.375
1.225
1.275
1.375
1.183
1.275
1.395
1. 175
1.275
1.395
1.165
1.275
1.390
1.120
1.275
1.360
1.098
1.275
110 2
109 1
109 7
109 7
109 1
108 0
106 5
8.5
26.9
9.5
265 2
100.2
28
84
19 745
5.8
74 2
102.7
102.7
102.7
2
3
' Revised.
i Season average.
For 5 weeks, other months, 4 weeks.
Margins
thru July 1966 reflect equalization payments to domestic users (Aug. 1965-July 1966, 5.75
5
6
cents per pound).
< Less than 500 bales.
For month shown.
See "O," P- S-21.
° Reflects decrease in the 1966 national average loan rate.
§Data beginning Aug. 1965 for knitting yarn, May 1966 for weaving yarn, and Aug. 1966
for denim are not strictly comparable with earlier prices.
20.5
22.1
458
34 9
18 6
17 5
Yarn* Rayon (viscose), 150 denier
do
Manmade fiber and silk broadwoven fabrics:
$ per lb_.
do
do
20.7
22.0
341
39
3 37. 51
MANMADE FIBERS AND MANUFACTURES
3 532 2
Fiber production qtrly total
mil Ib
825.0
Filament varn (rayon and acetate)
do
648.0
Staple, incl. tow (rayon)
do
Noncellulosic, except textile glass:
997 7
Yarn and monofilamcnts*
do
779 2
Staple incl tow*
do
282 3
Textile glass
fiber
do
Exports:
Yarns and monofilaments
thous. lb_. 6 99, 923
6
Stanle tow, and tops
do
50 763
Imports:
Yarns and monofilaments
_
do
15,690
Staple, tow, and tops
.do
130, 108
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil. lb-_
59.8
Staple, incl. tow (rayon) _ _
_do
55.8
Noncellulosic fiber, except textile glass:
109 3
Yarn and monofilaments*
do
Staple incl tow*
do
96 7
32 2
Textile glass
fiber
do
Prices, manmade fibers, f.o.b. producing plant:
9g
Staple' Rayon (viscose) 1 5 denier
$ per Ib
mil. Ib
do
do
do
19.8
22.0
9
03
Mill margins
_
cents per l b _ _
Prices, wholesale:
Denim mill
finishedS
cents per yd
Print cloth 39 inch 68 x 72
do
Sheeting class P> 40-inch 48 x 44 48
do
WOOL
Wool consumption, mill (clean basis):
Apparel class.
Carpet class.
Wool imports, clean yield*
Duty-free (carpet class)*
.
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
Graded fleece, % blood
Australian, 64s, 70s, good topmaking
4.5
607
(4)
22.0
21.9
29.7
29.6
2
120
87
804
734
518
3
21.9
21.8
142
29.3
29.6
28 4
29 6
1 366
1 419
306
11
22.4
21.8
401
5
« 21. 2
°22. 0
348
7
21.2
21.9
176
4
214
1
1 406
1 635
COTTON MANUFACTURES
Spindle activity (cotton system spindles):
Active spindles, last working day, total
mil..
Consuming 100 percent cotton
do
Spindle hours operated, all fibers, total-bil
Average per working day
do
Consuming 100 percent cotton
_do
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
20/2 carded weaving?
$ per Ib
36/2 combed knitting§
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly )
mil lin vd
Orders, unfilled, end of period, as compared with
avg weekly production
No weeks' prod
Inventories, end of period, as compared with
avg weekly production No weeks' prod
Ratio of stocks to unfilled orders (at cotton
Filament yarn (100%) fabrics 9
do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics
do
Spun yarn (100%) fabrics (except blanketing) 9
mil lin yd
Rayon and/or acetate fabrics and blends
do
Polyester blends with cotton
do
Combinations of filament and spun yarn fabrics
mil lin yd
Exports piece goods
thous so yd
100
177
6
28.2
29 5
3 597
61 8
72
.81
72
.81
79
.81
112.8
17 Q71
2
18.9
27.8
19.3
18.5
18.4
16.5
13.1
7.0
4.2
' 2 22. 1
26.8
17.6
5.7
18.9
7.0
13.9
3.2
1.325
1.097
1.275
1.325
1.075
1.225
1.288
1 . 050
1.188
1.225
.975
1.175
1.213
.945
1.175
1.175
.918
1. 125
103 4
102 8
100 7
100.1
98. 2
8.6
7.1
6.1
1.175
.895
1.125
54 7
102. 7
102.7
102.7
102.7
103.2
102.7
102.7
102.7
ARevised data (1963-66) appear in U.S. Dept. Agriculture May 1967 COTTON SITUATION.
9 Includes data not shown separately.
*New series. Sources: Polyester staple price, U.S. Dept. Labor; wool imports, U.S. Dept.
Agriculture from Bureau of the Census records (such imports exclude animal hairs): Data
are available as follows: Price, back to 1955; noncellulosic yarn and staple—production to
1951; stocks, to 1953; wool imports, to 1948.
102.7
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
June 1967
1967
1966
Apr.
Annual
May
June
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
17,856
May
TEXTILE PRODUCTS—Continued
APPAREL
thous. doz. pairs
194 753
210 425
16 003
15 495
18 952
15 794
20 527
19 095
19, 938
20, 096
15 873
18, 323
19, 296
19,234
thous. units
do
21 855
3 980
20 715
3 799
1 848
351
1,812
357
1 858
384
1,073
252
1 762
373
1,688
414
1,826
330
1,736
283
1, 436
238
1,462
226
r 1, 537
1,728
317
Coats (separate) , dress and sport
do
Trousers (separate) , dress and sport
do
Shirts (woven fabrics), dress and sport
thous doz
Work clothing:
Dungarees and waistband overalls
do
Shirts
do
12 291
142 348
13 148
145 673
1,214
12 763
1, 152
13 106
1 139
13 446
692
9 741
1,099
13 521
1,064
13 122
1, 079
11 846
1,055
11 649
1,080
10 491
28 211
27 827
2 446
2 371
9 341
1 604
2 178
2 373
2 392
2 446
2 207
2 382
4 869
3 906
5 909
4 096
471
369
464
352
487
356
380
272
584
348
520
354
533
33?
520
331
591
288
512
365
24 595
25 274
282 071 '271, 107
11 859
10 510
1 539
26, 834
709
1 550
24 138
792
2 257
22 800
899
9 144
17, 677
852
2 451
21 897
881
2 109
21 523
791
2 401
23 144
918
2 168
20,784
932
1 680
18,311
762
2 075
22,292
984
r 15 3(57
lo' 225
1 365
872
1 180
956
1 326
977
1 989
1 075
1 163
929
1 238
824
1 196
992
1 055
764
777
523
1 151
756
Hosiery, shipments
Men's apparel, cuttings:?
Tailored garments:
Suits
Overcoats and topcoats
Women's, misses', juniors' outerwear, cuttings:}
Coats
thous units
Dresses
do
Suits
do
Skirts
do
18 072
8 876
227
1,103 ' 1, 055 1,162
11 271 '11,262 13, 063
r
2, 477
r
2,463
523
'372
615
408
1 918
24, 592
'881
1,287
28, 904
822
T
' 1 205 1 178
784
'710
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
22, 181
14 571
20, 099
17 016
12 535
27
16
24
20
14
701
692
624
208
519
5
3
5
5
3
788
Oil
171
006
560
9,087
5 6?1
8 366
5 099
3 734
Backlo^ of orders, end of period 9
do
U S. Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil $
Other related operations (conversions, modifications) products services
mil $
?0
13
8
2
27
16
14
3
800
044
651
894
22
13
10
3
938
809
939
022
26 868
15 736
13 887
3 750
383
695
885
502
5 481
4 636
4 538
9 450
2 360
9 363
1 59° 0
39 200
473 o
2 087 0
27
16
14
3
4 778
1 855
6,386
4 160
5 854
5 436
3 910
800
044
651
894
4 636
Exports
do
2 450
mil $
161 7
3 372
44 6
149 4
3 448
54 4
148 6
3 1 Ofi
31 3
99 9
148 4
3 040
66. 6
159 3
3 384
23.5
198 2
4 019
53.7
135.0
3 593
42.9
141.2
3 016
53.3
261.8
5 134
78.7
231.8
4,408
62.3
948.8
921 1
787.8
771 2
161.0
149.9
985.9
959 2
818 6
809 5
167 3
156 7
625. 3
605 6
488.4
480 0
136.9
125 6
211.9
196 3
143.8
136 4
68.1
59.9
747.2
709 9
621.8
592 4
125.5
117. 5
985. 3
936 9
835.3
797 7
150.0
139 3
980.7
928.5
832.6
791.2
148.1
137.2
923.6
878 1
775.1
740 5
148.5
137.6
797.3
758.1
651.2
625.0
146.1
133.1
660.2
628.0
525.6
501.9
134.6
126.2
833.4
785.0
684.1
647.4
149.3
137.6
792.1
749.4
659.8
628.3
132.3
121.1
10 37
1.07
6.08
65
87
9 92
1.21
6.36
56
95
7 49
1.12
7.27
70
1 07
5 70
.97
7.83
57
84
4 61
1.15
6.41
51
52
19 18
.83
5.24
59
74
97 (54
.90
6.35
49
1 00
28 31
.81
5.98
55
1 01
30 31
.91
7.23
42
70
21.96
.89
7.08
.46
.88
14.19
.84
6.57
.51
1.09
31.41
.96
7.54
.53
1.14
26.69
.81
7. 75
.57
1.19
858 15
5. 75
42.96
49 41
.47
1.47
74 06
.57
2.22
80 77
.38
4.06
69 34
.46
4.07
47 53
.20
4.05
77 38
.51
2.02
73 38
.58
3.26
78 69
.30
3.91
108 55
.22
10.43
102. 30
.21
6.70
79.52
.33
5.49
88.46
.31
7.28
66.97
.21
6.06
103, 756
113, 545
10,968
7,763
975
1,719
1,591
8,835
6 939
1,793
9,790
6 Ann
1,406
9, 603
6 468
975
8,794
5 961
1,454
8,376
5 602
1,222
8,084
5 274
1,827
8,322
5 953
1,658
no, in
18, 402
10, 136
6^70
1,895
10, 690
14, 653
T 6 309
'2,377
7,993
4 834
3,407
9,313.9 5 9,008. 5
5 658. 1
569.4
1 528.9 5 1,610.4
822.6
55.6
148.6
777.2
50.6
144.0
752.5
52.6
137.4
832. 7
59.0
151.0
743. 6
58. 1
141.6
573. 8
64.4
121.9
766. 7
64.7
128.0
732.1
51.7
120.1
808. 2
56. 3
136.8
616.1
46.4
113.2
538.9
45.2
108.9
670.8
57.5
132.2
786.1
63.3
144.6
7 9A9
Aircraft (civilian)' Shipments©
7 ^oo
5, 473
2, 027
(\ 7QQ
0 00 C
r 7 7Q7
5,307
2,201
4,820
1,979
6, 251
2, 134
' 5, 992
1,454
' 6,513
1,284
7 368
5,757
1,611
r S n44
5,689
1,573
' 6, 087
1,957
7 217
5,929
1,288
8 101
6,048
2,053
9 156
7,054
2,102
8 311
6,466
1,845
88, 288 ' 101, 401 '11,922
65, 617 ' 74, 661 ' 7, 767
22 671 ' 26 740 4, 155
' 9, 530
' 8, 833
697
5,734
4,658
1 076
'6,017
' 4, 279
1,738
8,391
5, 154
3, 237
'7,173
' 5, 405
1,768
5,966
5,218
748
6,209
4,466
1,743
' 8, 401
' 2, 889
5,512
2,055
1,743
312
3,358
2,908
450
5,028
3, 824
1,204
1,728
1, 444
284
224 8
4 809
41.3
169 8
553 7
198 3
4 265
61 8
11,057.4
10 716 6
9 305. 6
9 100 7
1 751.8
1 615 9
10, 329. 5
9 943 5
8, 598. 3
8 336 9
1 731.2
1 606 6
963.2
935 5
811.0
793 9
152.3
141.6
3105 03
i 10. 42
1 3 59. 67
i 5 77
i 7 99
177 58
12.72
78.64
6 79
10 70
559 43
8. 00
7.60
40 QOO
MOTOR VEHICLES
Factory sales, total
Domestic
Passenger cars, total
Domestic
Trucks and buses, total
Domestic
thous__
do
_do
do
.do
do
Exports:
Passenger cars (new) assembled
do
Passenger cars (used)
_ _
do
Trucks and buses (new), assembled
__do__Trucks and buses (used)
do
Truck and bus bodies for assembly*
do
Imports:
Passenger cars (new) complete units
do
Passenger cars (used)
do
Trucks and buses, complete units
do
Shipments, truck trailers:
Complete trailers and chassis
_ number
Trailer bodies, chassis, sold separately
Registrations :O
New passenger cars._
Foreign cars. _ .
New commercial cars (trucks)
do
-thous
do
do
2 909. 8
2
750. 5
2 159. 3
RAILROAD EQUIPMENT
Freight cars (ARC I):
Equipment manufacturers, total
Railroad shops, domestic
New orders
Equipment manufacturers, total
Railroad shops domestic
_..do
do
__do_ _.
do
do
53, 392
24, 504
' 67, 744
22, 405
46, 197 ' 42, 055 34, 960
35, 293 ' 32, 049 26, 515
8,445
10, 904 10, 006
do
do
do
45. 266
32, 873
12 393
56, 618
40, 426
16 192
59, 652
45, 219
14, 433
61, 596
48, 478
13,118
60, 378
48, 341
12, 037
59. 874
48, 082
11, 792
59, 750
46, 861
12. 889
59, 508
46, 407
13, 101
57, 883
45, 328
12, 555
56, 437
43, 781
12, 656
56, 618
40, 426
16, 192
51, 450
38, 943
12, 507
Passenger cars: Shipments.
. .do
Unfilled orders, end of per_-_do
201
14
15
83
0
20
0
70
0
70
6
64
6
59
3
56
0
56
0
83
0
83
0
83
0
83
0
83
0
83
1 497 4 1 484
4 9
4 8
1 486
5 0
1 487
4 9
1 487
4 9
1 489
5 0
1 489
5 0
1 491
5. 0
1 491
4 7
1 497
4 8
1,496
5.0
1,498
5.1
1,498
5.0
1,499
5.1
* 89. 00
4 59. 97
89.30
60.08
89.57
60.23
89.71
60.34
90.03
60.48
90.20
60. 59
90.50
60.71
90.71
60. 82
91.58
61.19
91.72
61.31
91.99
61.42
92.25
61.60
92. 51
61. 72
Unfilled orders, end of period
Equipment manufacturers, total
Railroad shops, domestic
Freight cars (revenue), class 1 railroads (AAR):§
4 1
Held for repairs % of total owned
Capacity (carrying), aggregate, end of period*
mil. tons-Average per car
tons__
4gl
'53
* 88. 20
4 59. 58
91.58
61.19
l
2
'3 Revised.
See note "O" for p. S-21.
Preliminary estimate of production.
Beginning Jan. 1965, data exclude exports of incomplete (unassembled) vehicles.
4
5
See note " §."
Annual total includes revisions not distributed by months.
tMonthly revisions for 1963-65 are available upon request.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
*New series. Monthly data prior to 1965 are available upon request.
©Courtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars. Effective Apr.
^ucunw.
1966, data include cars owned by three class II roads (over 2,600 cars end of Apr. 1966). Also,
change in definition of class 1 railroads, as stated in 1965 BUSINESS STATISTICS note, is reflected
in figures beginning Dec. 1965, instead of Jan. 1965.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
1-7
7,8
9,10
10-12
Employment and population
Finance
Foreign trade of the United States
Transportation and communications
12-16
16-21
21-23
23,24
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco.
Leather and products
25
26
26-30
30,31
Lumber and products
Metals and manufactures
Petroleum, coal, and products.. . .
Pulp, paper, and paper products..
31
32-34
35,36
36,37
Rubber and rubber products
Stone, clay, and glass products. . .
Textile products
Transportation equipment
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
10,11,16
Aerospace vehicles
40
Agricultural loans
16
Air carrier operations
23
Aircraft and parts
3, 6,13-15,40
Alcohol, denatured and ethyl
25
Alcoholic beverages
8,10,26
Aluminum
23,33
Apparel
1, 3,4,7,8,10-15,40
Asphalt and tar products
35,36
Automobiles, etc
1,3-8,10,11,13-15,19,22,40
Balance of international payments
2
Banking
16,17
Barley
27
Battery shipments
34
Beef and veal
28
Beverages
4,8,10, 22, 23, 26
Blast furnaces, steel works, etc
5,6,13—15
Bonds, outstanding, issued, prices, sales, yields.... 18-20
Brass and bronze
33
Brick
38
Broker's balances
20
Building and construction materials
5,
6,8,10,31,36,38
Building costs
9,10
Building permits
9
Business incorporations (new), failures
7
Business sales and inventories
4,5
Butter
27
Cans (tinplate)
33
Carloadings
24
Cattle and calves
28
Cement and concrete products
8-10, 38
Cereal and bakery products
8
Chain-store sales, firms with 11 or more stores. . .
12
Cheese
27
Chemicals
4-6,8,13-15,19,22, 23, 25
Cigarettes and cigars
8, 30
Civilian employees, Federal
14
Clay products
8, 38
Coal
4, 8,13-15,22,24, 35
Cocoa
23,29
Coffee
23,29
Coke
24, 35
Communications
2,13-15,20,24
Confectionery, sales
29
Construction:
Contracts
9
Costs
9,10
Employment hours, earnings, wages
13-16
Fixed investment, structures
1
Highways and roads
9,10
Housing starts
9
New construction put in place
9
Consumer credit
17,18
Consumer expenditures
1
Consumer goods output, index
3, 4
Consumer price index
7
Copper
23, 33
Corn
27
Cost of living (see Consumer price index)
7
Cotton, raw and manufactures
7,8,22, 38, 39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term
17,18
Crops
3,7,27,28,30,38
Crude oil and natural gas
4,13-15,35
Currency in circulation
19
Dairy products
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3, 7, 8, 27
16
18
. 11,12,17
16,17,19
16
26
2, 3,18-21
11,12
Earnings, weekly and hourly
14-16
Eating and drinking places
11,12
Eggs and poultry
3,7,29
Electric power
4,8,26
Electrical machinery and equipment
3,
5,6,8,13-15,19,22,34
Employment estimates
12-14
Employment Service activities
16
Expenditures, U.S. Government
18
Explosives
25
Exports (see also individual commodities).... 1, 2,21-23
Express operations
23
Failures, industrial and commercial
7
Fans and blowers
34
Farm income, marketings, and prices
2,3,7
Farm wages
16
Fats and oils
8,22, 29,30
Federal Government
finance
18
Federal Reserve banks, condition of
16
Federal Reserve member banks
17
Fertilizers
8,25
Fire losses
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products
1,4-8,10,11,13-15,19,22,23,27-30
Foreclosures, real estate
10
Foreign trade (see also individual commod.)
21-23
Foundry equipment
34
Freight carloadings
24
Freight cars (equipment)
4,40
Fruits and vegetables
7,8,22
Fuel oil
35,36
Fuels
4,7, 8, 22, 23, 35, 36
Furnaces
34
Furniture
3,4,8,11-15,17
Furs
23
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross private domestic investment
Gypsum and products
4,8,26
1, 35,36
38
25
19
7,8,22,24,27,28
11,12
1
1
8,38
Hardware stores
11
Heating equipment
8, 34
Hides and skins
8, 30
Highways and roads. . .•
9,10
Hogs
28
Home electronic equipment
8
Home Loan banks, outstanding advances
10
Home mortgages
10
Hosiery
40
Hotels
14,15,24
Hours of work per week
14
Housefurnishings
1,4, 7,8,10-12
Household appliances and radios
4,8,11, 34
Housing starts and permits
9
Imports (see also individual commodities)
1,22,23
Income, personal
2,3
Income and employment tax receipts
18
Industrial production indexes:
By industry
3,4
By market grouping
3,4
Installment credit
12, 17,18
Installment sales, department stores
12
Instruments and related products
3,5, 13-15
Insurance, life
18,19
Interest and money rates
17
Inventories, manufacturers' and trade
4-6, 11,12
Inventory-sales ratios
5
Iron and steel
3, 5,6,8,10,13-15,19,22, 23, 32, 33
Labor advertising index, disputes, turnover
16
Labor force
12
Lamb and mutton
28
Lard.
28
33
Lead.
Leather and products
3,8,13-15, 30, 31
Life insurance
18,19
Linseed oil
30
Livestock
3,7,8,24, 28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
10,16,17, 20
Lubricants
35,36
Lumber and products
3,8,10-15,19, 31
Machine tools
34
Machinery
3, 5,6,8,13-15,19,22,34
Mail order houses, sales
11
Manmade fibers and manufactures
8, 39
Manufacturers' sales (or shipments), inventories,
orders
4-6
Manufacturing employment, production workers,
payrolls, hours, earnings
13-15
Manufacturing production indexes
3, 4
Margarine
29
Meat animals and meats
3, 7,8,22, 23,28
Medical and personal care
7
Metals
3-6,8,13-15,19,22,23,32-34
Milk
27
Mining and minerals
2-4,8,13-15,19,20
Monetary statistics
19
Money supply
19
Mortgage applications, loans, rates
10,16,17
Motor carriers
23,24
Motor vehicles
1, 3-8,10,11,13-15,19,22,40
Motors and generators
34
National defense expenditures
1,18
National income and product
1,2
National parks, visits
24
Newsprint
23,37
New York Stock Exchange, selected data
20,21
Nonferrous metals
3,8,19, 22,23,33,34
Noninstallment credit
17,18
Oats
Oil burners
Oils and fats
Orders, new and unfilled, manufactures'
Ordnance
27
34
8,22,29, 30
6
13-15
Paint and paint materials
Panama Canal traffic
Paper and products and pulp
8,25
24
3,
5,6,8,13-15,19,23,36,37
Parity ratio.
7
Passports issued
24
Payrolls, indexes
14
Personal consumption expenditures.
1
Personal income
2,3
Personal outlays.
2
Petroleum and products
4-6,
8,11,13-15,19,22,23,35,36
Pig iron
32
Plant and equipment expenditures
2,20
Plastics and resin materials
25
Population
12
Pork
28
Postal savings
17
Poultry and eggs
3, 7,29
Prices (see also individual commodities)
7,8
Printing and publishing
4,13-15
Profits, corporate
2,19
Public utilities
2-4,7-9,13-15,19-21
Pullman Company
24
Pulp and pulpwood
36
Purchasing power of the dollar
8
Radiators and convectors
34
Radio and television
4,10,11,34
Railroads
2,13,14,16,20,21,24,40
Railways (local) and bus lines
13-15,23
Rayon and acetate
39
Real estate
10,17,18
Receipts, U.S. Government
18
Recreation
7
Refrigerators and home freezers
34
Rent (housing)
7
Retail trade
4, 5,7,11-15,17,18
Rice
27
Roofing and siding, asphalt
36
Rubber and products (incl. plastics)
4-6,
8,13-15,23,37
Saving, personal,
Savings deposits
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Silver
Soybean cake and meal and oil
Spindle activity, cotton
Steel (raw) and steel manufactures
Steel scrap
Stock prices, earnings, sales, etc
Stone, clay, glass products
Stoves and ranges
Sugar
Sulfur
Sulfuric acid
Superphosphate
2
17
19,20
20,21
1, 7,13-15
28
8,11,12, 31
19
30
39
32,33
32
20,21
3-5,8,13-15,19, 38
34
23,29
25
25
25
Tea imports
29
Telephone, telegraph, cable, and radiotelegraph
carriers
13-15,24
Television and radio
4,10,11, 34
Textiles and products. . 3, 5,6,8,13-15,19,22, 23,38-40
Tin
23, 33
Tires and inner tubes
8,11,12,37
Tobacco and manufactures
4-8,10,13-15,30
Tractors
22, 34
Trade (retail and wholesale)
4, 5,11,12
Transit lines, local
14,15,23
Transportation
1,2,7,13-15,23,24
Transportation equipment
3-6,13-15,19,40
Travel
23,24
Truck trailers
40
Trucks (industrial and other)
34, 40
Unemployment and insurance
U.S. Government bonds
U.S. Government
Utilities
12,16
16-18,20
finance
18
2-4,9,13-15,19-21,26
34
. 11,12
30
7,8,22
. 16,18
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Veterans' benefits
Wages and salaries
Washers and driers
Water heaters
Waterway traffic
Wheat and wheat
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc
flour
2, 3,14-16
34
34
24
28
8
4, 5,7,13-15
36
7, 8,23, 39
33,34
UNITED STATES
GOVERNMENT PRINTING OFFICE
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U.S. GOVERNMENT PRINTING OFFICE
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OFFICIAL BUSINESS
Volume 47
Surrey of Current Business
Numbers 1-6
First-Half 1967 Index
of Special Articles and Features
SPECIAL ARTICLES
No.
The Economy in 1966
National Income and Product in 1966
Prices—Finance—Employment
The Balance of Payments
Sources and Uses of Funds of Foreign Affiliates
of U.S. Firms, 1965
Federal Programs in Fiscal Year 1968
Business Investment Sales Expectations for 1967.
Page
1
1
1
1
1
3
17
24
1
2
3
27
11
8
The Balance of Payments, Fourth Quarter 1966.
State Personal Income in 1966
Revised Estimates of GNP by Major Industries.
Personal Income in Metropolitan Areas: A New
Series
U.S. Residents Spent $4 Billion on Foreign Travel
Last Year
U.S. Balance of Payments in the First Quarter of
1967
No.
3
4
4
Page
14
9
18
18
13
17
FEATURES
No.
Suspension of Tax Credit and Accelerated Depreciation: Estimated Impact on Investment..
Distribution of Personal Consumption Expenditures
Manufacturers' Inventory and Sales Expectations, First Half of 1967
First Quarter 1967 GNP
Price Developments
Page
2
5
2
6
3
4
4
6
1
6
The Copper Situation
Plant and Equipment Expenditures by Foreign
Affiliates of U.S. Firms—Revised Estimates
for 1966 and 1967
Corporate Output, Prices, Costs, and Profits....
Plant and Equipment Expenditure Anticipations.
Manufacturers' Inventory and Sales Expectations, Second and Third Quarters of 1967
No.
5.
LATEST SUPPLEMENT—The National Income and Product Accounts of the United States,
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