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JUNE 1968 / VOLUME 48 NUMBER
SURVEY OF CURRENT BUSINESS
CONTENTS
U.S» Department. of Commerce .
THE BUSINESS SITUATION
Summary
1
National Income and Product Tables
3
Plant apd Eqiii^ment Expenditure Programs, 1968
Rise Scheduled for Second Half
7
5
Manufacturers Sales and Inventory Expectations—Second and Third Quarters 1968
11
ARTICLES
U*S* Spending for Foreign Travel
Totaled $4% Billion in 1967
The U»S, Balance of Payments in the
First Quarter of 1968
14
18
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
Albuquerque, N. Me*, 87101
tf,S. Courthouse Ph. 247-0311,
Anchorage, Alaska 99501
t^mssac-Sogn Bldg, 272-6331 i
Atlanta, Ga»
75 Forayth Si. HW. 526-6000.
Baltimore, IkfcL 21202
SOS U>S. Customhouse 962-3560,
Birmingham, Ala. 35205
90S S. 20th 'St, Ph.- 325-3321
Boston, Mass. 02203
IFK Federal Bietg. 223-2312.
Buffalo, N.¥» 14203
117 EUicott St. Ph. 842-3208.
Charleston* $*€. 29403
B34 Meeting 8t
Phr. 577-4171,
Charleston, W« Va, 25301
SOO Owarrict St. Ph. 343-6196,
Cheyenne,, Wyo. 82001
6022 U*S< Federal Bldg.
Ph. 634-5920.
Chicago* IU* 60604
I486 New Federal BWg.
Ph. 353-4400.
Cincinnati, Onto 45202
550 Main St. Ph. 684-2944.
Cleveland, Ohio 44114
666 Euclid Ave,
Ph. 521-4750.
Dallas, Tex. 75202
1114 Commerce St. 749-32E7.
I>enTer* Colo. 80202
16419 Fed. Bldg*, 20th & Stout Sts.
Ph. 297-3246.
DCS Moines, Iowa $0309
609 Federal Bldg.
Ph. 284r4222.
Detroit, Mich. 48226
445 Federal Bldg. Ph. 226-6088.
Greensboro, N.C- 27402
2S8 Federal Bfdg,
Ph. 275-9111,
Hartford* Conn. 06103
18 Asylum St. Ph. 244-3530.
Honolulu, Hawaii 96813
352 Alexander Young Bidg»
Ph. 588-977.
Houston,, Tex. 77002
SIS Husk Aye. Ph. 228-0611.
Jacksonville, Fla, 32202
400 W. Bay St. Ph. 791-2796.
Kansas City, Mo. 64106
911 Walnut St. 374-3141.
I<os Angeles, Calif. 90015
1031 S. Broadway Ph. 688-2833.
C* R» Smith / Secretary
William H* Chartener /Assistant Secretary
/or Economic Affairs
•Office of Business-Economics • •
George Jaszi / Director
Morris R* Goldman Louis J. Paradise
Associate Directors
Murray F. Foss / Editor
Leo V. Barry, Jr. / Statistics Editor
Billy Jo Hurley / Graphics
' STAFF CONTBIBUTOES TO' THIS ISSUE
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Walther Lederer
Evelyn M. Farrish
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Milwaukee* Wis, 53203
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Minneapolis, Minn. 55401
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New Orleans, La. 70130
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New YOI&, N.Y. 10001 '
Empire State Bldg, 563-3377.
Philadelphia, Pa, 19107
1015 Chestnut St. Ph. 597-2850.
PHoenix, Arias. 85025
230 N. First Ave. Ph. 261-3285.
Pittsburgh, Pa. 15222
1000 Liherty Ave. Ph. 644^2850.
Portland* 0**eg. 97204
217 Old U,S. Courthouse Bidg.
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235 U.S. Courthouse and P.O.
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Seattle, Wash. 98104
809 Federal Office Bldg.
Ph. 583-S615.
the BUSINESS SITUATION
With most broad measures of economic activity rising in May, the
second quarter will register a substantial gain in total output. However,
the composition of the output advance
will be different from that of the first
quarter. After the extraordinary rise
in final sales and the decline in inventory
investment in the opening quarter of
1968, the current quarter will show a
slowdown in the sales rise and a step-up
in inventory investment.
New York dock strike has been settled,
net exports should look somewhat
better than they did in the first quarter,
when they were at their lowest point
in many years.
CHART 1
Business activity up in May
Most of the broad measures of economic activity advanced in May. Retail sales recovered part of the sharp
decline that occurred in April; combined sales for April and May are
running about 1 percent above the
JL OTAL output will show a substan- first quarter average. Widespread gains
tial increase this quarter although the by industry brought industrial produccomposition of the rise will be quite tion to a new high last month. Although
different from the first quarter advance. work stoppages kept employment from
Whereas the first quarter witnessed a
rising, the labor market remains tight.
striking upsurge in final demand, particularly in consumption expenditures, Unemployment remained at the low
and a decline in inventory investment, rate of 3% percent, and wage rates
the current quarter will show a slow- continued their steady advance. Indown in the rise in final sales and a step- creased rates of pay and a lengthening
up in the rate of inventory investment. of the workweek contributed to a
Consumer spending, which registered sizable gain in personal income.
an unsustainable increase of $17 billion
in the first quarter, is mainly responsi- Personal income up
ble for the slower growth in final sales.
Increases in personal income this
In addition, expenditures for plant and
spring
appear to be reverting to a more
equipment, which rose sharply in the
first quarter, are expected to show a dip normal pattern after the exceptional
in the second quarter, according to the gains of last fall and winter, when a
latest OBE-SEC survey of business- succession of nonrecurring factors
men's spending intentions. However, swelled the total income flow. In May,
the survey points to modest increases in personal income advanced $4.2 billion
capital expenditures in the second half to reach a seasonally adjusted annual
of this year (chart 1). Because of the rate of $674 billion. The rise was about
tightening in credit markets, which $1 billion more than the April increase
became more pronounced as the quarter
but considerably below the $6 billion
progressed, not much change is likely
to occur iii residential constuction out- average gain for the 5 months from
lays this quarter. Government spend- November through March. Private and
ing continues to reflect rising purchases government payrolls and property infor Vietnam and by State and local comes scored moderate increases in
governments. Finally, now that the May and transfer payments showed a
small gain. Proprietors' income was
about unchanged for the second month
in a row.
Plant and Equipment Expenditures
© Business expects rising investment in second
half of 1968
® Industry movements are mixed
Billion $
(ratio scale)
80
TOTAL BUSINESS
60
40 i
l
I
l
I
I
i
l
l
I
i
I
i
i
I
I
30
Manufacturing
20
Commercial
' V\
_L
Transportation, Incl Railroads
1965
1966
1967
1968
Quarterly, Seasonally Adjusted at Annual Rates
Data; OBE^SEC
0
Anticipated
U,S. Department of Commerce, Office of Business Economies
68-6-1
SURVEY OF CUREENT BUSINESS
Increases in private payrolls accounted for $2.2 billion of the overall
advance last month. Manufacturing
payrolls rose $1.4 billion, with approximately two-thirds of the rise attributable to a longer workweek, and the
rest to increased hourly earnings. Payrolls in the service industries were up
$0.8 billion, but other private industries
combined reported no change.
Most other components of personal
income continued their recent rate of
advance. Government wage and salary
disbursements increased $0.7 billion,
and property incomes rose $0.8 billion
CHART 2
Unemployment rate has edged down
since early last fall
Improvement has been widespread
Percent
16
BY SEX AND AGE
Both Sexes 16-19
Women, 20 Years and Over
Men, 20 Years and Over
I 1 t 1 1 1 ! 1 i 1
BY COLOR
/>
Nonwhite Workers
White Workers
1967
1968
Seasonally Adjusted
Data: BLS
U.S. Department of Commerce, Office of Business Economics
with gains in rents, dividends, and ployment (both sexes, 16-19 years of
interest payments. Transfer payments age), although down sharply from a
showed a modest rise of $0.3 billion peak last fall, is still running at more
after larger advances earlier this year. than 12 percent of the teenage labor
Increased hours and rates of pay force, as compared with rates of about
accounted for the May rise in payrolls 12.8 percent in 1966 and 1967. Unemsince the total number of persons at ployment among nonwhite workers has
work in nonagricultural establishments averaged 6.7 percent so far in 1968, a
was unchanged from April on a season- little more than twice the 3.2 percent
ally adjusted basis. Employment was rate for white workers. The nonwhite
little changed in manufacturing. It rate represents an improvement from
declined moderately in contract con- the 7.4 percent rates of the past 2
struction because of work stoppages, years, while the rate for whites has
and in the transportation and public changed little.
utility category as a result of the
lingering effects of strikes in the tele- Industrial output higher
phone industry, most of which were
Industrial production, which had
settled prior to the employment survey shown relatively little growth from
week. These cutbacks were largely December to April, increased about
offset by increases at retail trade and three-fourths of 1 percent in May.
service establishments and in State and Gains occurred in both nondurables
local government. Although the level of and durables, with the latter reflecting
employment was unchanged last month, sharp increases in the output of motor
average weekly hours of work in the vehicles and iron and steel.
private sector lengthened somewhat.
The automobile industry produced
Hours worked in manufacturing plants more than 1.1 million passenger ears
rose substantially after the sharp decline and trucks in May, a 10-percent inthat resulted in part from the civil crease over April after seasonal adjustdisorders in April. The rise to 40.6 hours
(Continued on page 7)
in May from 40.0 hours in April reflected a gain in overtime hours.
Unemployment rate low
\
12
1966
June 1968
68-6-2
Since last fall, gains in employment
have exceeded the growth in the civilian labor force, and the unemployment
rate has declined to an average of 3.6
percent so far this year (chart 2). In
recent months, unemployment rates for
some groups have dipped to levels that
probably are about as low as can be
expected, if allowance is made for frictional unemployment. For all adult men,
for example, the unemployment rate
has fallen to about 2 percent, well under
the average of approximately 2% percent in the 2 years prior to this spring
and equal to the low reached during
the Korean war. The rate for married
men is currently about 1^ percent,
the lowest on record since the series
was started in the mid-1950Js.
Despite decreased rates for nearly all
classifications since last fall, there has
not been a significant narrowing in the
gap between teenagers and adults or
nonwhites and whites. Teenage unem-
CHART 3
Change in Nonfarm Business Inventories
Billion $
(GNP basis)
12
8
-
1964
65
66
Annually
67
1966
1967
1968
Quarterly, Seasonally Adjusted
at Annual Rates
U.S. Department of Commerce, Office of Business Economics
68-6-3
SUEVEY OF CURRENT BUSINESS
June 1968
NATIONAL INCOME AND PRODUCT TABLES
1966
1966
1967
1968
1967
IV
II
III
IV
1966
1966
1967
1967
IV
Seasonally adjusted at annual rates
II
III
IV
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)
Gross national product
-- -
Personal consumption expenditures
Durable goods
Nondurable goods
Services
_
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
_ _
743.3
785.0
762.1
766.3 775.1
791.2
807.3 826.7
652. 6
669.3 661.1
660.7
664.7
672. 0
679. 6
689.7
465.9
491.7
473.8
480.2
489.7
495.3
501. 8
518.7
418.0
430. 1
420.4
424. 2
430.6
431. 5
434. 0
444.7
70.3
207.5
188.1
72.1
217. 5
202.1
70.6
210.3
192.9
69.4
214.2
196.6
72.5
217.2
200.0
72.7
218.5
204.1
73.8
220.3
207.7
78.4
228.1
212.1
71.3
187.7
159.1
72.1
193. 0
165. 0
71.1
188.4
160.9
69.7
191.8
162.6
72.9
193.6
164.1
72.7
192. 8
166.0
73.0
193.6
167.4
77.1
198.6
169.0
118 0
112.1 122.2
110.4
105.1
112.2
120.8
118.0
105.6
96.9
108.4
96.9
91.3
96.4
103. 0
99.5
104.6
107.0
103.7
103.3
104.6
108.4
111.6
115. 4
93.0
92.1
91.2
90.2
90.9
92.9
94.4
96.9
80.2
27.9
52.3
82.6
26.8
55.7
82.8
27.7
55.1
81.9
27.7
54.2
81.5
26.3
55.2
82.8
26.6
56.2
84.0
26.7
57.3
87.2
28.5
58.7
72.8
23.6
49.2
73.0
21.8
51.2
74.2
23.0
51.2
73.0
22.9
50.1
72.6
21.7
51.0
73.2
21.5
51.7
73.3
21.4
52.0
75.5
22. 7
52.8
24.4
23.8
.5
24.4
23.9
.6
20.9
20.4
.5
21.4
20.9
.6
23.1
22.5
.6
25.6
25.0
.6
27.6
27.0
.6
28.2
27.6
.6
20.2
19.7
.5
19.1
18.6
.5
17.0
16.5
.5
17.3
16.8
.5
18.3
17.8
.5
19. 7
19.2
.4
21.0
20.6
.4
21.4
21.0
.4
13.4
13.7
— 3
5.2
4.8
4
18.5
19.0
— 5
7.1
7.3
— 2
.5
.6
— l
3.8
3.4
4
9.2
7.7
1.5
2.7
1.8
.9
12.6
12.9
— 3
4.8
4.4
.4
17.2
17.7
—.5
6.7
6.8
— 2
.4
.5
—.1
3.5
3.2
.4
8.7
7.2
1.5
2.5
1.7
.9
5.1
4.8
4.3
5.3
5.3
5.4
3.0
1.7
4.4
3.6
3.2
4.1
4.1
4.2
1.9
.6
43.0
37.9
45.3
40.6
44. 0
39.7
45.3
39.9
45.1
39.8
45.6
40.2
45.4
42.4
47.2
45.5
40.8
36.4
42.5
38.9
41.2
38.0
42.4
38.3
42.3
38.2
42.8
38.6
42. 5
40.7
44.3
43.7
176.3 161.7
170.4
175.0
178. 2
181.7
188.3
124.5
138.7
129.1
135.5
138.7
139.9
140.7
145.0
Federal
National defense
Other
77.0
60 5
16 5
89.9
72 5
17 4
81.5
65 6
15.9
87.1
70 2
16.8
89.5
72 5
17.0
90.9
73 S
17.6
92.2
74 2
18.0
96.2
76 7
19.5
64.7
74.1
67.8
72.3
74.4
75.1
74.7
77.9
State and local
77.2
86.4
80.2
83.3
85.4
87.4
89.5
92.1
59.9
64.6
61.3
63.2
64.3
64.9
66.0
67.1
Government purchases of goods and services
154 3
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
/
Gross national product
Final sales
_
Change in business inventories
743.3
785. 0
762.1
766.3
775.1
791. 2
807. 3
826.7
652.6
669. 3
661.1
660.7
664.7
672. 0
679.6
689.7
729. 9
13.4
779.8
5.2
743.6
18.5
759.2
7.1
774.6
.5
787.4
3.8
798.1
9.2
824.0
2.7
639.9
12.6
664.5
4.8
643.9
17.2
654.0
6.7
664.3
.4
668.5
3.5
671.0
8.7
687.2
2.5
379 6
396 0
391 7
388 1
392.1
398 7
405.2
415.2
353 7
361.4
361.1
356 6
359.5
362.9
366.5
372.5
366.2
13.4
390.8
5.2
373.2
18.5
380. 9
7.1
391.6
.5
394.9
3.8
396.0
9.2
412.5
2.7
341.0
12.6
356. 6
4.8
343. 9
17.2
349.9
6.7
359.1
.4
359.4
3.5
357.8
8.7
369.9
2.5
154.6
144.7
9.9
158.5
155.7
2.7
161.1
148.3
12.8
153.9
150.5
3.4
155.5
156.0
-.6
161.4
157 9
3.5
163.1
158. 6
4.5
166.3
165.1
1.2
150.0
140.6
9.3
150.2
147.8
2.4
154.2
142.3
11.9
146.6
143.6
3.0
148. 3
148.9
-.6
153.0
149.8
3.2
152.9
148.8
4.1
154.9
153.8
1.1
225.0
221} 5
35
237.5
235.1
25
230.6
224.9
57
234.2
230.5
3.7
236. 6 237.3 242.1
235.5 237.0 237.4
3
11
4.7
248.9 203.7 211. 2
247.4 200.4 208.8
2.4
15
33
206. 9
201.6
5.3
210.0
206.3
36
211.2
210.2
1.0
209.8
209.5
.3
213. 6
209.0
4.6
217.6
216.1
1.5
Services ._
287 2
311 2
296 9
303 1
307.8
313 5
320.3
326.7
235 2
245.8
239 8
242 7
244.4
246.9
249. 2
251.4
Structures
76.5
77.8
73.5
75.2
75.2
79 0
81.8
84.8
63.7
62.1
60.2
61.3
60.8
62. 3
64.0
65.8
689.7
Goods output
Final sales
Change in business inventories _
Durable goods
_
Final sales
Change in business inventories
_ _
_ _ _ _ _
Nondurable goods
Final sales
Change in business inventories
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
743.3
785.0
762. 1 766.3
775.1
791.2
807.3
826.7
652.6
669.3
661.1
660.7
664.7
672.0
679.6
666 7
699 6
681 9
683 9
690.9
705 2
718 7
736.1
597 5
610 2
604 2
602 7
606.0
612.5
619.6
628.9
_
642.4
617 6
24 8
673.6
649 6
24.0
656.9
633 0
23.9
658.7
635 1
23.6
665.3
641 9
23 3
679.0
654 6
24 4
691.4
666 6
24 8
708.8
683 8
25.0
578.9
556 4
22.4
590.5
566 4
24.1
585.1
562 7
22.4
583.6
559 9
23.7
586 6
563 0
23.6
592.7
568.4
24.2
599.2
574.4
24.7
608.7
584.4
24.3
Households and institutions
20 1
21 5
20 6
21 1
21 4
21 2
22 1
22 9
14 7
15 3
14 9
15 1
15 3
15.0
15.6
16.0
4.2
4.6
4.4
4.1
4.2
4.9
5.1
4.4
4.0
4.4
4.3
4.0
4.0
4.8
4.9
4.3
76 6
85.3
80.2
82.5-
84.2
86 0
88.6
90.6
55 0
59.1
56.9
57.9
58.7
59.6
60.0
60.8
Gross national product
_ _ _ _ _ _
Private. .
Business
Nonfarm
Farm
Rest of the world
General government
_
' „ •_
SURVEY OF CURRENT BUSINESS
1967
1966
1966
1967
IV
I
II
June 1968
1966
1968
III
IV
I
1966
1967
Seasonally adjusted at annual rates
743.3 785.0 762.1 766.3 775.1 791.2 807.3 826.7
67.0
64.7
65.5
66.4
67.6
68.6
69.4
679.8 717.9 697.4 700.8 708.7 723.6 738.7 757.3
Less: Indirect business tax and nontax
65.1 69.7 67.0 67.9 69.1 70.2 71.4 73.0
liability
2.8
2.8
2.8
2.7
2.8 2.8
Business transfer payments
2.8 2.8
Statistical discrepancy _
—2.6 -3.0 -3.8 —4.0 -2.8 -1.2 -3.5 -4.0
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
22
2.6
2.3
2.0
1.6
1.2
.7
616.7 650.2 634.1 636.4 641.6 653.4 669.3 686.2
82.2
79.6
84.6
78.1
78.3
79.2
82.7
38.2
43.0
39.8
42.2
42.5
43.3
44.1 47.4
.0
.0
.0
.0
.0
.0
.0
49.1
44.7
48.1
48.6
49.6
50.1
52.8
24.1
22.8
2.8
23.2
21.2
2.8
23.7
22.2
2.8
23.9
23.1
2.8
24.2
23.4
2.8
24.7
22.4
2.8
25.5
23.2
2.8
.0<
Plus: Government transfer payments
to persons
41.2
Interest paid by government
22.3
(net) and by consumers.
Dividends
21.5
Business transfer payments. . . 2.7
Equals: Personal income
1.7
84.2
584.0 626.4 601 6 612 9 619.1 631 0 642 5 659 0
394.6 423.8 407.4 414.7 418.3 426.2 435.9 447.6
316.7 337.5 326. 1 331.4 333.2 339. 4 346.2 355.9
14.7 16.4 15.8 16.1 16.2 16.3 17.3 17.6
. 63.2 69.8 65.6 67.3 68.9 70.6 72.5 74.0
Private
Military
Government civilian. _
Supplements to wages and salaries. .. 41.1
Employer contributions for social
20.3
insurance
45.9
42.7
44.4
45.2
46.4
47.6
50.0
22.6
21.1
22.2
22.3
22.8
23.3
24.8
20 8
23.2
21 7
22 2
22.9
23.6
24.3
25.2
59.3
58.4
58.6
57.8
57.8
58.8
59.3
59.9
Business and professional _ _
Income of unincorporated enterprises
Inventory valuation adjustment
43.2
43.6
43.4
43.2
43.4
43.8
44.1
44.4
43.6
— 4
44.0
— 4
Farm..
16.1
14.8
15.1
14.6
14.3
15.0
15.2
15.5
19.4
20.1
19.6
19.8
20.0
20.2
20.4
20.6
Other labor income
Employer contributions to private pension and welfare funds
Other
Proprietors' income _ _ _
_ . .
Rental income of persons
Corporate profits and inventory valuation adjustment
_ ..
Inventory valuation adjustment
Net interest
Table 5.—Gross Auto Product in Current and Constant Dollars
(1.15, 1.16)
29.8
27.7
29.6
27.9
29.9
32.3
Personal consumption expenditures. 24.9
4.4
Producers' durable equipment
Change in dealers' auto inventories.
.4
23.9
4.2
-.5
24.5 22.2 24.6 24.5
4.3 3.9
4.3 4.3
.6 -1.1 -1.2 -1.2
24.3
4.3
1.3
27.0
4.8
.8
Net exports. _.;.Exports -.
Imports
-.1
1.6
1.7
-.2
1.8
2.0
-.6
1.6
2.2
.0
1.3
1.2
.0
1.5
1.5
-.3
1.3
1.6
—.1
1.6
1.7
.1
1.9
1.7
New cars, domestic 2 _
New cars, foreign
27.6
1.8
25.3
2.6
27.4
2.1
22.8
2.2
25.3
2.7
25.4
2.6
Agriculture, forestry, and fisheries
Mining and construction
_
Manufacturing
N endurable goods
Durable goods
82.2
79.6
84.6
78.1
78.3
79.2
82.7
84.2
83.8
80.7
83.9
79.0
78.9
80.0
85.1
88.7
34.5
49.3
21.5
27.8
33.2
47.5
22.8
24.7
34 6
49.3
21.2
28.2
32 5
46.5
22.2
24.2
32 5
46.5
23.1
23.4
32.9
47.1
23.4
23.6
35.0
50.1
22.4
27.6
36. 2
52.5
23.2
29.2
-1.6
20.2
-1.2
22.4
.7
-.8
-.7
-.8 -2.3
21.1
21.6
22.1
22.7
23.3
-4.5
23.9
616.7 650.2 634.1 636.4 641.6 653.4 669.3 686.2
22.7 21.8 22.0 21.6 21.3 22.0 22.2 22.7
38.2 40.2 38.7 39.8 39.7 40.3 40.9 42.1
192.1 196.7 198.8 195.0 194.0 196.0 201.6 207.7
73.2 76.3 75.3 75.9 75.1 75.9 78.1 80.0
118.9 120.4 123.5 119.2 118. 9 120.0 123.5 127.8
24.8
12.4
12.1
90.8
26.1
13.1
12.8
96.1
25.4
12.7
12.3
92.6
25.5
12.8
12.4
93.5
25.7
13.0
12.6
94.9
26.5
13.2
12.9
96.9
26.9 27.5
13.2 13.6
13.1 13.3
99.2 102.0
65.6
69.3
70.4
74.7
67.5
71.3
68.4
72.6
69.6
74.1
70.9
75.3
72.5
76.9
74.3
78.6
84.6 93.9
4.2. 4.6
88.4
90.8
92.5
94.5
97.6
99.9
27.6
2.7
29.0
3.8
Billions of 1958 dollars
3.5
Transportation
Communication -.
Electric, gas, and sanitary services
Wholesale and retail trade. .
Finance, insurance, and real estate
Services
.
.
Government and government enterprises
_
Rest of the world _
Addenda:
17.3
Table 7.—National Income by Industry Division (1.11)
All industries, total
Billions of current dollars
27.8
I
616.7 650.2 634.1 636.4 641.6 653.4 669.3 686.2
Wages and salaries
Profits tax liability
Profits after tax
Dividends
_. _ .
Undistributed profits.. _
25.0
IV
435.7 469.7 450.2 459.1 463.4 472.6 483.6 497.6
Compensation of employees
Profits before tax
Gross auto product 1 _ .
III
Table 6.—National Income by Type of Income (1.10)
National income
Equals: Net national product
II
Billions of dollars
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
Less: Capital consumption allowances- 63.5
I
IV
1968
Seasonally adjusted at annual rates
Billions of dollars
Gross national product
1967
4.4
4.1
4.2
4.9
5.1
4.4
30.3
27.7
29.9
27.9
29.4
31.6
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
Personal consumption expenditures. 25.4
Producers' durable equipment..
4.4
Change in dealers' auto inventories..
.4
24.0
4.1
-.6
24.7 22.6 25.0 24.6
4.3 3.9
4.3 4.3
.7 -1.1 -1.3 -1.3
23.9
4.1
1.3
26.5
4.6
.8
Financial institutions
Net exports
Exports
Imports
-.2
1.8
2.0
-.5
1.6
2.2
Gross auto product *
.
.1
1.3
1.2
-.1
1.7
1.7
New cars, domestic 2 __
New cars, foreign
28.2
1.8
25.5
2.5
.1
1.5
1.5
25.3
-.2
1.3
1.6
28.2
.0
1.6
1.7
.2
1.9
1.7
Mutual
Stock
Non financial corporations. _
Addenda:
27.8 23.3
2.1 2.2
25.8
2.7
25.6
2.6
27.3
2.7
28.7
3.7
ua^o*^
purchases, which amount to $0.2 billion
2. Differs from the gross auto product total by the markup on both used cars and foreign cars.
All industries, total
Manufacturing
.
Nondurable goods
Durable goods.
Transportation,
communication,
and public utilities .
All other industries
. .
__
82.2
79.6
84.6
78.1
78.3
79.2
8267
84.2
9.3
9.7
9,6
9.6
9.5
9.6
10.0
10.5
1.9
7.4
72.9
69.9
75.0
68.5
68.8
69.6
72.7
73,7
43.1
18.7
24.4
39.3
18.0
21.3
44.4
19.2
25.3
39.6
18.4
21.1
38.9
17.8
21.1
38.2
17.7
20.5
40.fi
18.3
22.4
41,9
19.4
22.5
11.9
18.0
12.0
18.6
12.0
18.6
11.7
17.3
11.9
18.0
12.1
19.3
12.3
19.8
12.5
19.3
SURVEY OF CURRENT BUSINESS
June 1968
1966
1966 1967
IV
1968
1967
I
II
III
1966
I
IV
1966
1967
Billions of dollars
78.9 76.0
80.6 77.2
34.5 33.2
46.0 44.0
19.9 21.1
26.1 22.8
1 o
-1.6
-2.5 —2. 5
81.2
80.5
34.6
45.9
19.6
26.3
74.9 75.1
75.7 75.8
32.5 32.5
43.2 43.3
20.7 21.6
22.5 21.77
75.3
76.1
32.9
43.2
21.6
21.6
78.7
81.1
35.0
46.1
20.6
25.5
-2.3
18.0
18.4
18.6
19.1
19.8
80-9
|J* •*
oO. 2
£9- 2
**• '
**/ jj
~4-5
„
00
84.2
83.5
85.6
85.0 88.6
85.0 85.3
a
65.1 64.2 66.1 62.8 62.6 63.3 68.1 SA
70. b
Cash flow irross of dividends
Cash flow, net of dividends..Gross product originating in
financial institutions
17.5
Gross product originating in
412.1
nonfinancial corporations
Capital consumption allowances
37.9
Indirect business taxes plus transfer
payments less subsidies
36.5
Income originating in nonfinancial
corporations™
_
337.7
Compensation of employees
261.3
Wages and salaries
233.4
Supplements
27.9
Net interest
6.7
Corporate profits and inventory
valuation adjustment.
69.7
Profits before tax
71.3
Profits tax liability
30.3
Profits after tax
.
41.0
Dividends
18.5
Undistributed profits ... .
22.5
Inventory valuation adjustment... 1.6
Cash flow, gross of dividends
78.9
Cash flow, net of dividends
60.4
19.0
0
nn n
20. 9
431.2 424.2 423.1 425.9 432.8 442.9 454. 6
40.2
38.6
38.9
37.5 37.9
39.1 39.8
38.6
352.0 348.0 346.1 347. 5
278.3 269.5 273.7 274.6
247.4 240.5 243.7 244.1
31.0 29.1 30.0 30.5
66.3
67.5
28.8
38.7
19.6
19.1
1.2
71.5 65.3 65.6
70.8 66.1 66.3
30.2 28.1 28.2
40.6 38.0 38.1
18.2 19.2 20.0
22.5 18.8 18.1
.7 -.8 -,7
78.9 79.3 77.2
59.3 61.1 57.9
77.9
57.9
41.4
4i. y
39.3 39.9
40. 7
40.6
352.9 361,6 372 0
279.8 285.3 SJ-2
248.5 253.2 4uU. o
31.3 32.1 33 g
<? 5
65.7
66.5
28.5
38.0
20.1
17.9
.8
68.8
71.1
30.4
40.7
19.0
21.7
23
70 o4
74'
3£ 5
394.6
Commodity-producingindustries— 159.3
]^tainufacturin,f?
128.1
93.9
Distributive industries...
63.5
Service industries
Government
77.9
Other labor income
I
423.8
167.2
134.4
100.9
69.5
86.3
407.4
164.1
132.6
96.5
65.5
81.4
414.7
165.7
133.1
98.7
67.0
83.4
418.3
164.8
132.6
99.6
68.8
85.0
426.2
167.4
134.6
101.7
70.2
86.9
435.9
170.8
137.2
103.4
71.9
89.8
447.6
175.8
141.0
106.3
73.8
91.7
23.2
21.7
22.2
22.9
23.6
24.3
25.2
59.9
44.4
15.5
Rental income of persons
19.4 20.1 19.6 19.8
DMdends!™...* .^"".l"::" 21.5 22.8 21.2 22.2
42.4 46.5 44.3 45.2
Personal interest income
57.8 58.8 59.3
43.4 43.8 44.1
14.3 15.0 15.2
20.0 20.2 20.4
23.1 23.4 22.4
46.0 46.9 48.0
Transfer payments
43.9
51.9
47.5
50.8
51.4
52.4
52.9
55.6
Less: Personal contributions for
social insurance
17.9
20.4
18.7
20.0
20.2
20.5
20.8
22.6
82.8
84.7
87.5
20.8
59.3 58.4
43.2 43.6
16.1 14.8
Business and professional
Farm
58.6 57.8
43.4 43.2
15.1 14.6
Less: Personal tax and nontax pay75.2 81.7 79.6 80.2 79.1
ments
m»"w~
Equals: Disposable personal income. .. 508.8 544.7 522.0 532.7 540.0
479.0 505.9 487.4 493.9 504.0
Less T Personal outlays
Personal consumption expenditures- 465.9 491.7 473.8 480.2 489.7
12.4 13.4 12.9 13.1 13.3
Interest paid by consumers
Personal transfer payments to for.6
.7 1.0
.6
.8
Equals: Personal saving
29.8
38.7
34.6
38.8
36.0
548.2 557.9 571.5
509.6 516.2 533.5
495.3 501.8 518.7
13.5 13.8 14.1
.8
.7
.7
38.5
41.6
38.0
„ ,.,
Addenda:
Disposable personal income :
Total, billions of 1958 dollars
456.3 476.5 463.2 470.6 474.9 477.5 482.6 490.1
2,584 2,736 2,639 2,686 2,716 2,749 2,789 2,851
2,317 2,393 2,341 2,373 2,388 2,394 2,413 2,445
Per capita, current dollars..Per capita, 1958 dollars
,
Table 11. —Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expenditures
465.9 491.7 473.8 480.2 489.7 495.3 501.8 518.7
Durable goods
70.3 72.1 70.6 69.4 72.5 72.7 73.8 78.4
Automobile sand parts
29.8 29.3 29.6 27.3 29.7 29.9 30.1
Furniture and household equipment . 29.9 32.0 30.6 31.4 31.9 32.1 32.6
Other
10.6 10.9 10.4 10.7 10.9 10.8 11.1
Nondurable goods
_
207.5 217.5 210.3 214.2 217.2 218.5 220.3
Food and beverages. _ __ _. __
106.7 110.6 107. 2 109.3 110.1 110.9 112.2
Clothing and shoes
40.3 42.8 40.8 41.5 43.2 43.7 43.1
16.2 17.5 16.6 17.1 17.5 17.5 17.8
Gasoline and oil.
Other
44.3 46.6 45.7 46.3 46.4 46.4 47.2
Gross product originating in
nonfinancial corporations
383.0 387.9 389.0 384.7 385.3 387.7 393.7 400.8
Dollars
Services.
1.125 1.134
.105
. 105
.101 . 102
.725 .734
.019 .uiy
Corporate profits and inventory valuation adjustment
.182 .171 .184 .170 .170 .169 .175
Profits tax liability
.079 .074 .078 .073 .073 .073 .077
Profits after tax plus inventory valuation adjustment- . .103 .097 .106 .097 .097 .096 .097
Housing .
Household operation
Transportation .
Other
-
33.2
34.2
11.0
228.1
115.1
45.4
18.6
49.0
188.1 202.1 192.9 196.6 200.0 204.1 207.7 212.1
67.1 71.3 68.5 69.6 70.6 71.9 73.3 75.0
27.0 28.2 27.7 27.8 28.1 28.1 28.8 29.1
13.6 14.7 14.0 14.4 14.6 14.8 15.1 15.5
80.4 87.8 82.7 84.8 86.6 89.2 90.6 92.6
Table 12. — Foreign Transactions in the National Income and
Product Accounts (4.1)
176
097
1. Excludes gross product originating in the rest of the world.
2. This is equal to the deflator for gross product of nonfinancial corporations, with the d<, .
point shifted two places to the left.
20.6
23.2
49.5
Old-age, survivors, disability, and
20.8 25.7 23.2 24.7 25.6 26.2 26.4 27.9
health insurance benefits
State unemployment insurance
benefits
— 1.8 2.1 1.8 2.1 2.1 2.2 1.9 2.0
5.7 6.6 6.3 6.5 6.5 6.6 6.7 6.9
Veterans benefits
Other
15.6 17.5 16.2 17.6 17.0 17.4 17.9 18.7
_
23*. 3
Billions of 1958 dollars
Wage and salary disbursements
43*4
78.6 82.1 85.3
58.5 63.1 65. 2
Current dollar cost per unit of
1958 dollar gross product
originating 2in nonfinancial
corporations
_
1.076 1.112 1.091 1.100 1.105 1.116
Capi tal consumption allowances
_ .099 .104 .099 .102 .103 .105
Indirect business taxes plus transfer
payments less subsidies
.095 .100 .096 .098 .100 .101
Compensation of employees
.682 .718 .693 .711 .713 .722
.018 .019 .018 .018 .019 .019
IV
584.0 626.4 601.6 612.9 619.1 631.0 642.5 659.0
Personal income
369.0 378.4 389. 8
296.2 302.2 311. 4
262.8 267.8 275. 3
33.4 34.3
-2.5 -2.5 -2.5
-2.4 -2.5 -2.4
HI
Table 10.—Personal Income and Its Disposition (2.1)
429.6 450.1 442.2 441.5 444.5 451.9 462.7 475. 5
39.0 41.4 39.8 40.3 40.9 41.8 42.5 43. 1
38.2 40.7 39.2 39.7 40.4 41.1 41.8
352.4 368.0 363.2 361.5 363.1
275.9 294.5 284.5 289.1 290.5
246.1 261.4 253.5 257.1 258.0
29.8 33.1 30.9 32.0 32.5
II
Billions of dollars
Table 9.— Gross Corporate Product * (1.14)
Gross corporate product
I
IV
1968
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
_
Income originating in corporate business.
Compensation of employees
Wages and salaries.
__
Supplements
Net interest.
Corporate profits and inventory
valuation adjustment
Profits tax liability
Profits after tax
Dividends
Undistributed profits
1967
Receipts from foreigners..
i
Payments to foreigners
Imports of goods and services
Transfers to foreigners.. _ .
Personal
.
Government
Net foreign investment
45.3 45.1 45.6
45.4
47.2
43.0
45.3
43.0
45.3 44.0 45.3 45.1 45.6
45.4 47.2
45.3 45.1 45.6
39.9 39.8 40.2
45.4 47.2
44.0
43.0
45.3 44.0
37.9
40.6
39.7
2.9
.6
2.3
2.9
.8
2.1
2.5
.6
1.9
2.9
.7
2.2
3.1
1.0
2.0
3.1
.8
2.3
2.2
1.8
1.8
2.5
2.3
2.3
42.4 45.5
2.7
2!o
2.9
.7
2.2
.3 -1.2
SURVEY OF CURRENT BUSINESS
1967
1966
I
IV
IV
III
II
1966
1968
1967
1966
June 1968
1966
I
1967
IV
1967
I
Table 13. —Federal Government Receipts and Expenditures (3.1, 3.2)
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance. ._
Federal Government expenditures
152.7
149.1 148.1
164.5
157.3
61.7
32.3
66.5
31.0
65.2
32.3
65.5 64.0
30.3 30.3
67.5
30.6
69.1
32.5
71.6
33.7
15.9
33.3
16.6
37.7
16.3
34.7
16.2
37.0
16.7
38.0
17.0
38.7
17.4
41.8
164.3 151.9
142.9
16.5
37.2
167.9 175.6
165.9
160.9 162.8
Purchases of goods and services.. __ _ _ 77.0
60.5
National defense
Other
. -. - -_ . . 16.5
89.9
72.5
17.4
81.5
65.6
15.9
87.1 89.5
70.2 72.5
16.8 17.0
90.9
73.3
17.6
92.2
74.2
18.0
96.2
76.7
19.5
Transfer payments
To persons _
.--.
To foreigners (net)
36.0
33.7
42.9
40.7
38.8
36.9
42.2
40.0
42.4
40.3
43.5
41.2
43.3
41.3
45.9
43.7
Grants-in-aid to State and local governments
14.8
16.0
15.6
15.6
15.3
16.0
17.1
18.2
9.5
10.5
10.0
10.4
10.4
10.5
10.7
11.1
Net interest paid
Subsidies less current surplus of government enterprises
Surplus or deficit (—), national
income and product accounts
2.3
2.1
1.9
2.2
2.0
2.3
2.0
2.2
Gross national product
113.9
117.3 115.3
Personal consumption expenditures
111.5
114.3 112.7 113.2
Durable goods ._ _
Nondurable goods
Services.
._ ..
5.4
5*1
5.9
5.6
5.3
5.0
4.6
4.2
-14.7 -13.2 -10.7 -11.1
.3 -12.5 -3.3 -11.9
Surplus or deficit (—-), national
income and product accounts
110.2 113.1 111.6
NonresidentiaL _
87.9
89.3
90.4
92.6
95.0
15.2
2.3
14.3
2.3
14.7
2.1
15.1
2.1
15.4
2.3
15.6
2.5
Residential structures
Nonfarm
Farm
120.9 128.0 123.2 123.8 126. 2 129.9 131.0 131.4
._. 121.1 128.1 123.4 124.0 126.4 130.1 131.2 131.5
114.1 120.4 115.9 117.3 118.8 122.4 123.2 124.6
.
Change in business inventories
ExportsImports-.
105.4 106.7 106.7
104.1 104.3 104.3
Government purchases of goods and
services
53.1
5.3
16.0
50.6
5.0
15.6
51.7
5.2
15.6
52.6
5.3
15.3
53.5
5.4
16.0
54.4
5.4
17.1
81.8
91.7
84.9
88 3
90.6
92.7
95.1
77.2
7.5
86.4
8.4
80.2
7.8
83.3 85.4
8.1 8.3
.2
.2
87.4
8.5
89.5
8.8
.2
QQ
n
98.0
ao» U
92 1
92.1
9^ 1
I
3.3
3.4
3.4
3.4
3.3
34
34
34
3.4
2.9
.1
3.0
1.0
-.2
-.1 -.2
-.3
-.3
.3
.2
.3
.2
..
.3
119.5 129.3 128 2
Personal saving .
29.8 38 7
Undistributed corporate profits
27.8 24.7
Corporate inventory valuation adjustment
—1 6 — 1 2
Corporate capital
consumption
allowances .
39.0 41 4
Noncorporate capital consumption
24 5 25 7
allowances
Wage accruals less disbursements.0
.0
Table 17.—Implicit Price Deflators for Gross National Product by
Major Type of Product (8.2)
113.9 117.3 115.3 116.0 116.6 117.7
107.3
Gross investment
127 7 125.1 129.0 135.5 132.2
38 8
24.2
36 0
23.4
38 5
23.6
7
g
7
g
39 8
40 3
40 9
41 8
42 5
43 1
24 9
.0
25 2
.0
25 5
.0
25 8
.0
26 1
.0
26 3
.0
3 2 —12 4 _ 3 —10 8 —150
13 3
3 —12 5 3 3 —11 9 —14 7
1 30
10 _ 2
13 2
__ i
29
120 2 114 0 124 0
41 6
27.6
38 0
29.2
—2 6 —3 0 —3 8
10 8 —11 4
10 7
2
11 1
— 3
112 9 107 3 114 5 121 1 116 8
—4 0
28
12
108.8
109.0
109.9
118.8 119.9
110.6 111.5
Structures .
122.1 126.6 123.8
124.9 125.9
127.0
128.6 129.9
120.1 125.3 122.0
122.6 123.8
126.9
127.8 128.9
Addendum:
Gross auto product. _
98.2
99.8
99.0
98.8
98.8
99.8 101.5 102.0
Table 18, — Implicit Price Deflators for Gross National Product by
Sector (8.4)
113.9 117.3 115.3 116.0 116.6 117.7 118.8 119.9
111.6 114.7
Households and institutions
General government
112.9 113.5 114.0
115.1 116.0 117.0
111.0 114.1 112.3 112.9 113.4 114.6 115.4 116.4
111.0 114.7 112.5 113.4 114.0 115.2 116.1 117.0
110.7
99.7 106. 7 99.3 98.8 100.6 100.3 102. 7
.
..
137. 0 140.6
139.2
144.5 141.0 142.3
143.4
144.5
147.7 149. 1
2 3 —4 5
Gross private domestic investment. 118.0 112.1 122.2
110.4 105.1 112.2 120.8 118.0
3
Net foreign investment
25
18
2 2
18
2 3
2 3
12
Statistical discrepancy
109.6 108.5
103.1 105.5 104.5 104.9 104.8 105.5 106.7 107.4
110.4 112.5 111. 5 111.5 112.0 113.1 113.4 114.4
Business:
Nonfarm
Farm. _
34 6
28.2
123.9 127.1 125.2 125.8 126.1 127.4 129.1 129.9
119.1 121.3 120.2 120.5 120.3 121.0 123.4 123.6
129.0 133.8 130.8 131.9 132.9 134.7 135.6 137.3
Gross national product
15.9
*2*
5
Goods
output.
2.5
KK
ft
Durable
goods
55
6
°jjNondurable goods _
5.6Q
18<2
18.2
Services .
Table 15.—Sources and Uses of Gross Saving (5.1)
Federal . .
State and local.
112.2 112. 2 113.2 114.6 115.5
118.4 122.8 120.1 121.0 121.5 123.8 125.0 125.6
Structures
_ _ -.
._ _
Producers' durable equipment-- 106.2 108.9 107.7 108.2 108.3 108.8 110.3 111.2
Gross national product
Government surplus or deficit (—),
national income and product
accounts
98.6 100.0 99.4 99.5 99.5 100.1 101.1 101.7
110.6 112.7 111.6 111.7 112.2 113.3 113.8 114.9
118.3 122.5 119.9 120.9 121.9 123.0 124.1 125.5
112.5 116.1 113.7 114.4 115.0 116.8 118.2 119.0
Fixed investment
Private . .
Gross private saving.
117.7 118.8 119.9
113.7 114.8 115.6 116.6
Gross private domestic investment
97
97.77
91.8
84.7
Personal tax and nontax receipts
13.5
Corporate profits tax accruals
2.3
Indirect business tax and nontax
accruals
49.2
Contributions for social insurance. _ . 4.9
F ederal grants-in-aid
_.
14.8
Purchases of goods and services
Transfer payments to persons _
Net interest paid _ .
Less: Current surplus of government
enterprises
.. -_.
116.0 116.6
Net exports of goods and services. _
Table 14.—State and Local Government Receipts and Expenditures
(3.3,3.4)
State and local government expenditures.
I
Table 16.—Implicit Price Deflators for Gross National Product (8.1)
Federal
State and local
State and local government receipts
IV
Index numbers, 1958=100
Billions of dollars
143.2 151.8 148.6
III
Seasonally adjusted
Seasonally adjusted at annual rates
Federal Government receipts
II
1968
35
4 0
HISTORICAL DATA
Historical national income and product data are available from
the following sources:
1964-66: July 1967 SURVEY OF CURRENT BUSINESS.
1929-63: The National Income and Product Accounts of the
United States, 1929-65, Statistical Tables (available from any
U.S. Department of Commerce Field Office or from the Superintendent of Documents, U.S. Government Printing Office,
Washington, D.C. 20402, price $1.00 per copy).
SURVEY OF CURRENT BUSINESS
June 1968
ment. Trade sources expect the May
rate to be maintained in June.
The rise in auto output reflects an
improvement in sales and a continued
buildup in stocks. Sales of new domestically produced cars increased sharply
in May after a moderate decline
in April. Last month, dealers sold
about 8% million new cars (seasonally
adjusted annual rate), a 10-percent
increase over April and about the
highest for any month in more than 2
years. Combined sales for April and
May were about equal to the first
quarter rate of 8% million units.
With demand for new cars strong,
the automobile industry is making sure
that dealers will have an ample supply
of cars in their showrooms for the
summer selling season and the approach
of the model changeover period. Last
year at this time, relatively low and
unbalanced stocks held sales down.
This May, new car stocks rose by more
than 100,000 units (seasonally adjusted) following an April addition of
60,000 units. With a further increase
in prospect for June, the second quarter buildup in dealer inventories will
be much larger than the rise of 55,000
in the first quarter.
The steel industry continued to
operate at a high rate. Output of iron
and steel in May was 3 percent higher
than in April, after seasonal adjustment, with the May index close to the
record volume of July 1965.
The current inventory buildup by
manufacturing consumers, underway
since the third quarter of 1967, accelerated in April. Consumers added 700,000
tons to their stocks, seasonally adjusted,
which compares with a monthly average
of less than 450,000 tons in the preceding 3 months. However, this rise appears
to be partly at the expense of producer's
stocks; on a combined basis, stocks of
manufacturing consumers and steel
mills rose at approximately the first
quarter rate.
Inventory investment now rising
Although it is still much too early to
quantify the change in inventories in
the current quarter, prospects for an
(Continued on page 52)
Plant and Equipment Expenditures Programs, 1968:
Rise Scheduled for Second Half
Businessmen expect a slight dip in
their capital expenditures in the current
quarter, to be followed by increases in
the third and fourth quarters of 1968.
If present programs materialize, spending this year will be 7 percent above
1967, a small upward revision over the
1968 programs reported 3 months ago.
BUSINESS firms are budgeting increases in capital expenditures for the
last two quarters of 1968, following a
minor dip this quarter. For the year
as a whole, programs reported in the
survey conducted in late April and May
put expenditures for new plant and
equipment at $65.8 billion,1 nearly 7
percent more than in 1967. This is a
1-percent upward revision over the
1968 investment programs reported 3
months earlier and stems entirely from
the nonmanufacturing industries.
If these plans are realized, 1968 will
be the seventh year of investment
expansion, although there has been a
marked slowdown from the increases
of one-sixth per year in 1964, 1965, and
1966. A bare 2-percent increase was
recorded last year, and this did not
even match the advance in capital
goods costs.
The slowdown since 1964-66 has
been widespread, but has been especially pronounced in manufacturing,
where capacity utilization rates have
fallen from close to 90 percent in 1965
and 1966 to about 84 percent. According to the current survey, firms with
55 percent of gross capital assets in
manufacturing reported that their existing plant and equipment capacity is
adequate for their prospective sales
over the next 12 months. This was the
highest such proportion since this ini The reported figures for anticipations are adjusted for
systematic biases (footnote 2, table 7). Before adjustment,
expenditures for 1968 were anticipated to be $64.65 billion
for all industries, $27.51 billion for manufacturing industries,
and $37.14 billion for nonmanufacturing industries. The adjustments were applied separately to each major industry;
the net effect was to raise the manufacturing total by $0.12
billion and the nonmanufacturing total by $1.01 billion.
quiry was initiated in late 1964 and
helps to explain why manufacturers are
scheduling only a small rise in outlays
this year following a dip in 1967.
Quarterly spending programs
Actual expenditures in the first
quarter of this year were at a seasonCHART 4
Plant and Equipment Expenditures
Business has raised 1968 investment
programs since February, with rise attributable
to nonmanufacturing industries
Percent Change
20
TOTAL
15
Anticipated in:
Feb.
May
10
MANUFACTURING
20
15
10
-5
NONMANUFACTURING
15
10
1965-66
1966-67
1967-68
Data: OBE-SEC
U.S. Department of Commerce, Office of Business Economics
68-6-4
SUEVEY OF CURRENT BUSINESS
8
Table 1,^-Plant and Equipment Expenditures, 1967 and Anticipated 1968
June 1968
Manufacturing Investment
[Billions of dollars, seasonally adjusted annual rates]
Manufacturers are now planning to
spend a record $27.6 billion this year on
III
I
II
IV
I
Hi
in i IV i
expanding and improving productive
facilities; the rise of 3%'percent from
67.50
61.65 61.50
60.90 62.70 64.90 64.60
All industries ...
66.05
1967, however, just about matches the
27.85
27.00
28.05
Manufacturing
26.15
26.00 26.35 27.65 28.30
probable
increase in plant and equip14.20
13.75
13.50
13.50
13.65
14.45
14.50
Durable goods
14.90
13.25
Nondurable goods
_______
13.70
12.65
12.55
13.55
12.70
13.20
13.40
ment prices. Durable goods producers
33.80 34.50 34.70
36.70 38.55 36.95 37.75
39.45
N oninanuf acturing
as a group are holding to their February
projection
of a 5-percent rise in expen1. Anticipated.
ditures
over
1967—although there were
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities and Exchange Commission.
shifts among the industries during the
Table 2.—Percent Change in Plant and ally adjusted annual rate of $64*9 3-month period. Motor vehicle proEquipment Expenditures, 1966-68
billion, 3% percent higher than in the ducers, who had been expecting to
Actual 1967 to
fourth quarter of 1967. First quarter reduce investment from 1967 to 1968,
anticipated
1968 as
spending was in line with earlier now anticipate a modest expansion.
Actual
reported
1966-67
in—
anticipations. This was also true for Iron and steel producers have lowered
the preceding quarter but was different the size of their planned cutback. NonFeb- May
electrical machinery producers and nonruary
from the situation earlier in 1967,
ferrous metal producers are maintaining
when actual outlays repeatedly fell
6.7
1.7
5.8
All industries 1
plans—the former for a rise of more
below anticipations. Projected invest-1.1
Manufacturing *
_ _
4.6
3.5
than one-tenth—while the electrical
ment in the second quarter again shows
5.1
5.1
Durable goods 1
. . . -2.1
machinery
and "other durable" goods
5.8
Primary metals
-- . . _ - - _ -3.7 -0.2
a minor dip—to $64.6 billion—but ad3.3
12.6 10.8
Machinery., _ _ ._-.-_-.------groups
have
trimmed earlier programs.
1.2
-2.3
Transportation equipment , -8.9
vances in spending—to rates of $66
-9.4 -3.0
Stone, clay, and glass __ . _ _ . -19.9
In nondurable goods manufacturing,
billion and $67.5 billion—have been
0
4.2
1.8
Nondurable goods *
capital spending sights were lowered
1.4
5.8
0.9
Food and beverage
projected for the last two quarters of
-21.3
-3.4 -6.7
Textile
from
the February to the May survey.
9.0
1.8 -1.9
Paper
_
this year.
Chemical _„
_...__.
-3.6
-1.5 -2.3
The
$13.2
billion that the group now
5.0
7.5
Petroleum
5.7
The anticipated second quarter eas15.3
21.3 23.1
Rubber
expects to spend in 1968 is less than
ing in investment is due to the nonMining
-2.9
11,2 14.3
2 percent above last year; programs
manufacturing industries, which then
-22.4
Railroad
-17.0 -5.9
were reduced by all component induslook forward to widespread increases
16.4
Transportation other than rail . 12.7
15.2
tries, except rubber. Paper companies
in the third and fourth quarters. In
Public utilities
17.5
13.0
10.1
have now joined textile and chemical
manufacturing, rising outlays in the
Communication
9.0 12.8
5.3
companies in expecting a decline in
second and third quarters followed by
Commercial and other
-3.2
3.5
2.1
investment from 1967 to 1968.
little change in the closing quarter are
expected by a broad range of industries. Starts of new projects
1. Includes industries not shown separatelyk
Prospective expenditures for new
plant and equipment depend on the flow
of new projects undertaken and the size
1967
1968
Table 3.—Carryover of Plant and Equipment Projects, Manufacturing and Public Utilities 1
[Billions of dollars]
19 65
March
Manufacturing
June
19 66
Sept.
Dec.
March
June
1968
1967
Sept.
Dec.
March
June
Sept.
Dec.
March
14 73
15 99
16 23
16 90
18 19
18 33
18 48
18 71
19 08
19 52
18 41
17 51
18 24
Durable goods *
Primary metals____Electrical machinery ^ _ . _ _
_,.___^.,__.
Machinery except electrical ^
Transportation equipment
Stone, clay, and glass
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
3.52
.66
.78
2 91
.50
10.25
3.68
.89
1.31
2 88
.45
10.52
3.82
.92
1.12
3 06
.48
10.69
3.86
.94
1.00
3 18
,43
11.43
4.48
.97
1.02
3 12
,42
11.61
4.55
1.08
1 19
3 03
34
11 61
4.62
1.05
1 11
2 98
34
10 82
4.15
1.00
1.12
2 76
.30
10.42
3.92
.98
1.08
2 60
.28
10.72
4.08
1.00
1.05
2 72
.32
Nondurable goods 2
Food and beverage ^
Textile
Paper »
CheriiicaL *
Petroleum
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
7.81
.77
56
94
2.15
2 80
7 79
.70
52
1 00
2.35
2 69
7 28
69
52
81
2 27
2 3g
7 47
68
48
*82
2 23
2 61
7 91
70
46
96
2 44
2 76
7 59
.74
38
91
2.25
2 74
7.09
.75
40
78
1.85
2 66
7 52
.77
37
1 11
1.92
2 64
7.64
7.67
7.24
8.03
9 82
10.01
9.92
10 30
13 40
14 24
14.20
14.34
16,62
Public utilities,.., „
-. . •
1. Carryover refers to expenditures yet to be incurred on plant and equipment projects
already underway.
2. Includes industries not shown separately.
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities
and Exchange Commission.
.SURVEY OF CUEKENT BUSINESS
June 1968
and speed of completion of projects
underway. A rising (declining) volume
of starts of projects presages higher
(lower) investment—although the existing carryover of projects underway
may, of course, influence the near-term
relationship. Chart 5 and table 5 present
for the first time seasonally adjusted
series on starts and carryover. The
Table 4.—Manufacturers' Evaluation of Their Capacity
[Percent distribution of gross capital assets]»
1965
1904
1966
1967
1968
Dec. Mar. June Sept. Dec. Mar. June Sept. Dee. Mar, June Sept. Dee, Mar.
31
31
30
30
31
30
31
31
30
30
31
31
31
30
More plant and equipment
needed
Capital Expenditures and Starts of
Investment Projects
42
43
AH manufacturing
.
Durable goods 2
Primary metals,--..
Metal fabricators 3^
Nondurable goods 2
Food and beverageChemieal Petroleum..
.
51
ei
46
44
80
24
4$
50
53
51
46
46
83
23
52
61
51
49
47
81
31
50
51
56
52
49
45
83
30
50
51
58
52
49
47
87
30
47
49
54
51
44
45
88
22
45
45
48
48
45
42
80
27
45
44
42
49
46
40
76
37
46
45
43
49
47
45
75
37
43
38
31
43
49
42
78
39
40
39
35
47
40
38
67
27
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
50
49
43
48
51
54
22
62
49
48
42
' 48
51
50
23
62
52
55
53
54
49
53
20
60
55
53
50
49
58
57
31
72
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
5
7
14
2
3
8
1
2
4
6
14
1
3
7
1
1
5
5
5
5
5
14
3
4
8
1
2
14
3
4
8
1
2
15
3
3
6
2
1
15
3
2
5
2
1
16
3
2
5
2
1
5
8
15
4
2
5
2
1
41
44
41
46
39
79
28
42
48
39
43
37
79
24
47
49
53
51
45
40
83
24
51
51
42
54
51
50
20
72
52
50
38
56
54
54
20
76
All manufacturing- 2. . _
6
Durable goods
8
Primary metals .
14
Metal fabricators^
5
Nondurable goods 2
3
11
Food and beverage1
Chemical _
Petroleum. _
(*)
6
8
14
5
3
9
1
CHART 5
49
53
53
About adequate
• Manufacturers' starts equaled expenditures in first
quarter halting recent declines in carryover
• Declining starts and rising expenditures by public
utilities have slowed growth in carryover
Ail manufacturing 2
Durable goods
Primary metals
Metal fabricators 3.
Nondurable goods 2
Food and beverage.
Chemical
Petroleum
Existing plant and equipment
exceeds needs
Billion $
30 . MANUFACTURING
Increase in
Carryover
25
9
- (4)
2
Starts
1. According to respondent companies* characterisations 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.
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.
20
15
Table 5.-"Carryover and Starts of Plant and Equipment Projects, Manufacturing and
Public Utilities—Seasonally Adjusted
10
[Billions of dollars]
20
DURABLE GOODS
MANUFACTURING
Carryover *
15
Starts
Manufacturing
Manufacturing
10
im
IV
MANUFACTURING
1
II
Ill
IV
15
1963
, .,. _ _ _ „
____,
..,-.,
,—,--
WB4
10
II
Ill
IV
i
ii
in
20
PUBLIC UTILITIES
..
ms
_____ . , . .
IV
15
i
ii
in
„
,
me
,
IV.,
10
,. .
, - ,.
,
....
_
,
,
.-,
,
1967
II..,,
Ill
IV
1963
64
65
66
67
68
I
„
„-„--
____
--
.
1968
,
,
,_._.
Public
utilities
Durable
goods
Nondurable
goods
4.53
4.30
4.46
4.24
2.34
2.25
2,30
2.03
2.19
2.06
2.16
2,22
1.49
1.85
1.12
1.50
6.09
6,15
6,38
6,14
5.03
5.43
5.75
6.06
2.41
2.64
2.96
3.07
2.62
2.78
2.78
2,99
1.66
1.64
1.80
1.34
6,62
6.96
7.46
7,90
6.77
7.01
7,34
8.42
6.60
6.55
6.62
7,00
3.56
3. S3
3.31
3.64
3.05
3,02
3.31
3.36
2.33
1,95
2.02
2,91
10.03
10.36
11.03
11. 78
7.86
7.69
7,82
7.57
8,73
9.24
10.25
10.94
6,72
6.86
7.68
7.43
3,63
3.79
4.26
4.37
3.01
3,07
3.43
3,06
2.38
2.59
3,15
2.82
18.80
19,27
18.64
18,09
it
a?
11.50
11.06
10,84
7,43
7,77
7.58
7.25
12,10
13.46
14.59
15, Q7
6.42
7,21
5,91
5.96
3,14
3,56
2.94
3.15
3,28
3.65
2.98
2,81
3.46
3.78
3.59
3,14
18.08
10, 70
7,38
15.43
6.58
3,27
3,31
3.26
Durable
goods
Nondurable
goods
7.54
4,21
3.33
5.54
8.36
8.84
9.31
9.45
4.71
5,04
5.35
5.31
3.66
3.80
3.96
4,14
5.74
6.23
5.87
5,91
10. 13
li.ll
12.14
13. 16
5.50
5.90
6.45
6,99
4.63
5,21
5,69
6.17
14,57
15.74
16,61
17.58
7.95
8.78
9,15
9.69
17,90
18.06
18,85
19,34
Total
20 _ NONDURABLE GOODS
Public
utilities
Total
Seasonally Adjusted at Annual Rates
Data: QBE-SEC
U.S. Department of Commerce, Office of Business Economics
306-294 O - 68 - 2
68-6-5
1. End of period.
Sources; U.S. Department of Commerce, Office of Business Economics, and the Securities and Exchange Commission.
SUEVEY OF CUEEENT BUSINESS
10
June 1968
of 1968. At $6% billion, seasonally December level, although March carryadjusted starts not only were a little over was $0.8 billion below the figure a
higher than the fourth quarter rate year earlier.
after seasonal adjustment but about
Both the durable and the nondurable
equaled expenditures during the quar- goods groups increased the rate of
ter. As a consequence, end-of-March starts during the first quarter, after
carryover—the amount yet to be spent seasonal adjustment. The iron and steel,
on uncompleted projects—held at the motor vehicles, paper, and chemical
figures suggest that the turndown in
manufacturers' outlays in the second
quarter of 1967 was in response to the
turndown in starts two quarters earlier.
Starts of manufacturing projects declined in the third quarter but rose in
the fourth quarter of 1967 and continued to advance in the first quarter
Table 6.—Starts of New Plant and Equipment Projects, Manufacturing and Public Utilities 1
[BiUions of dollars]
Annual
Manufacturing
Durable goods 2
_
Primary metals
_ __ _ __ _
E lectrical machinery _ _ __
Machinery except electrical
Transportation equipment
Stone, clay, and glass
_ _
-
Nondurable goods 2
Food and beverage. _ __ _
Textile
Paper
Chemical __
_ __
Petroleum
_
Public utilities
--
1965
I
1966
I
1965
1966
1967
26.73
28.79
25.49
6.64
6.73
5.96
7.39
6.89
14.03
3.38
1.10
2.55
3.44
.87
16.17
3.98
1.50
3.10
3.22
.83
12.69
2.65
1.24
3.02
2.24
.58
3.62
.80
.25
.83
.81
.28
3.68
.89
.29
.43
1.21
.21
2.84
.70
.24
.58
.56
.20
3.90
.99
.31
.72
.86
.18
3.87
.76
.46
1.14
.59
.14
12.70
1.49
1.23
1.34
2.90
4.30
12. 62
1.29
1.11
1.33
3.37
3.91
12.80
1.46
.78
1.61
2.46
4.92
3.02
.32
.28
.34
.71
.98
3.06
.35
.32
.34
.76
1.03
3.13
.47
.31
.31
.67
1.05
3.49
.36
.33
.35
.76
1.24
3.02
.30
.33
.35
.73
.97
9.32
10.68
13.92
3.30
1.75
1.44
2.83
3.38
II
III
1. Starts are estimated by adding changes in carryover to expenditures during the given
period.
2. Includes industries not shown separately.
IV
II
1967
III
IV
6.93
6.99
3.78
.91
.32
.49
.96
.25
3.71
.80
.32
.56
.92
.18
3.15
.36
.28
.27
.90
.95
2.28
1968
I
II
III
IV
I
7.99
6.47
7.25
5.37
6.41
6.51
4.81
1.51
.41
.90
.76
.26
3.26
.75
.38
.88
.53
.12
3.46
.88
.27
.70
.66
.18
2.54
.32
.25
.71
.46
.12
3.43
.70
.35
.73
.59
.16
3.26
.84
.30
.63
.67
.18
3.28
.27
.24
.45
.94
.92
3.17
.36
.25
.26
.81
1.08
3.21
.32
.18
.41
.66
1.25
3.78
.41
.21
.56
.98
1.32
2.83
.38
.13
.37
.50
1.08
2.98
.35
.26
.27
.32
1.27
3.25
.32
.14
.65
.68
1.05
2.28
2.74
4.93
3.30
2.62
3.06
4.62
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities
and Exchange Commission.
Table 7.—Expenditures for New Plant and Equipment by U.S. Business,1 1966-68
Annual
Quarterly, unadjusted
1966
1966 1967 19682
I
1967
III
IV
I
II
1966
1968
III
IV
I
112
III 2
60.63 61.66 65.78 12.77 15.29 15.57 17.00 13.59 15.61 15.40 17.05 14.28 16.37 16.73
AH industries
Manufacturing industries
II
Quarterly, seasonally adjusted annual rates
_
I
II
1967
III
IV
I
II
1968
III
IV
13.99 13.70 14.40 2.87 3.51 3.54 4.07 3.08 3.46 3.33 3.82 2.96 3.63 3.68 13.15 13.85 14.35 14.50 14.20 13.75 13.50 13.50 13.65 14.45 14.90
2.17 2.31 2.26 .42 .54 .56 .65 .48 .58 .56 .69 .49 .56 .58 2.00 2.20 2.20 2.25 2.35 2.35 2.25 2.30 2.35 2.30 2.30
.86 .90 .94 .18 .22 .20 .25 .20 .23 .23 .24 .20 .23 .25
.80 .90 .80 .90 .90 .90 .95 .85 .90
.90 1.00
1.19 1.24 1.36 .23 .29 .30 .38 .27 .30 .30 .37 .27 .33 .32 1.10 1.15 1.20 1.25 1.25 1.20 1.25 1.25 1.25 1.35 1.35
2.86 2.95 3.28 .61 .69 .68 .88 .70 .78 .71 .76 .66 .81 .82 2.70 2.70 2.90 3.10 3.15 3.15 3.00 2.60 2.95 3.25 3.45
1.93 1.66 1.70 .43 .50 .50 .50 .38 .45 .41 .42 .34 .47 .47 2.10 1.85 1.90 1.90 1.80 1.70 1.55 1.60 1.60 1.80 1.80
1.09
.91
2.98
13.00
1.39
1.13
1.50
2.99
4.42
.42
1.14
.85 1.15 1.25 1.10 1.10 1.05 1.10 1.15 1.00 1.00 1.15
1.09 1.08 .18 .28 .30 .32 .24 .26 .27 .32 .21 .26 .29
.85 .85 .95 .95 .90 .70 .65 .65 .60
.73 .70 .19 .22 .24 .26 .20 .18 .16 .18 .14 .17 .18
.70 .75
2.83 3.08 .62 .77 .76 .83 .61 .68 .69 .85 .66 .80 .76 2.75 3.05 3.15 3.00 2.70 2.65 2.80 3.15 2.95 3.15 3.05
2.82
3.34
3.34
13.00 13.24 2.74 3.27 3.30 3.68 3.02 3.34 3.15 3.48
12.45 12.95 13.20 13.25 13.70 13.25 12.65 12.55 12.70 13.20 13.40
1.41 1.42 .31 .37 .34 .36 .33 .39 .35 .34 .30 .39 .37 1.35 1.40 1.35 1.40 1.45 1.45 1.40 1.35 1.30 1.45 1.50
.80 .85
.89 .83 .27 .32 .28 .26 .21 .23 .22 .23 .17 .20 .21 1.20 1.35 1.15 .95 .95 .90 .85 .85 .80
1.64 1.61 .30 .37 .39 .45 .40 .42 .42 .40 .32 .39 .43 1.35 1.50 1.50 1.60 1.90 1.70 1.65 1.40 1.45 1.55 1.65
2.88 2.82 .61 .75 .74 .88 .-70 .76 .69 .72 .61 .75 .71 2.75 3.00 3.05 3.15 3.20 3.00 2.85 2.55 2.75 2.95 2.90
4.65 4.91 .94 1.08 1.12 1.28 1.02 1.17 1.11 1.35 1.07 1.18 1.20 4.40 4.35 4.40 4.55 4.65 4.70 4.45 4.75 4.85 4.75 4.80
.35 .45 .40 .45 .50 .50 .45 .50 .55
.60 .65
.49 .60 .08 .10 .11 .13 .11 .13 .12 .14 .12 .15 .16
1.04 1.05 .24 .28 .31 .31 .24 .25 .26 .30 .24 .28 .26 1.05 1.05 1.30 1.15 1.05 1.00 1.05 1.10 1.05 1.10 1.05
1.30 1.45 1.50 1.55
.33
.40
.37
.38
.32
.34
.37
.39
.36
.40
.40
1.40
1.98 1.53 1.44
.40
.55
.48
.55
.41
.41
.35
.36
.37
.34
.34
1.75 2.00 1.85 2.35 1.80 1.55 1.40 1.40
Transportation, other than rail
3.44 3.88 4.46
.75 1.00
.82
.86
.70 1.12
.98 1.04
1.16
Public utilities
8.41 9.88 11.17 1.60 2.09 2.36 2.36 1.84 2.46 2.66 2.92 2.33 2.90 2.92
Communication
5.62 5.91 6.67 1.26 1.42
Commercial and other 5
_ _ __
1.36
1.58 1.35 1.49
.98 1.07
1.46 1.62 1.48
_ 12.74 12.34 12.77 2.83 3.06 3.33 3.52 2.87 2.99 3.09 3.39 2.96
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 1968. The estimates for the second quarter, and third quarter of 1968 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.
III 2
58.00 60.10 61.25 62.80 61.65 61.50 60.90 62.70 64.90 64.60 66.05
1.47 1.42 1.63
Mining
_ _
112
_ _ _ _ _ _ 26.99 26.69 27.63 5.61 6.78 6.84 7.75 6.10 6.81 6.48 7.30 5.79 6.97 7.02 25.60 26.80 27.55 27.75 27.85 27.00 26.15 26.00 26.35 27.65 28.30
Durable goods industries.- _ _
Primary iron and steel _ _
Primary nonferrous metal. _
Electrical machinery and equipment
Machinery, except electrical
Motor vehicles and parts _ _
Transportation equipment, excluding
motor vehicles _ _ _
___
Stone, clay, and glass3
Other durable goods
____
Nondurable goods industries
Food and beverage
_
Textile
_ _ _ _ _ _
Paper
Chemical
_
Petroleum
__ _ _
Rubber
Other nondurable goods*
Railroad
I
H.71 4.88
1.55 1.45 1.45 1.40
3.30 3.50 3.40 3.50 3.05 3.90
1.55 1.60
1.65
1.30 1.35
4.10 4.45 4.35
3.65 4.75
8.25 8.30 8.55 8.50 9.20 9.70 9.80 10.65 11.60 11.40 10.75
1 5.35 5.50 5.60 5.95 5.75 5.80 6.05 6.05 6.35
112.35 12.45 12.85 13.30 12.55 12.25 11.95 12.65 13.00
il9.00 19.30
4. Includes apparel, tobacco, leather, and printing-publishing.
5. 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 1958,1960,1961,1962,1963,1964,1965,1966, and 1967 issues
of the SURVEY.
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities
and Exchange Commission.
SURVEY OF CURRENT BUSINESS
11
and outlays by electric companies up 11
percent. The gas utilities increased outlays in the first quarter by 25 percent
from the fourth quarter, after seasonal
adjustment, but some decline in spending is projected for the second half.
Spending by electric utilities also rose
in the first quarter—5 percent—and is
expected to be at the slightly lower
second quarter rate during the second
half.
Public utilities started $4.6 billion
Manufacturers9 evaluations of
of new projects in the opening quarter
capacity
of this year, as compared with $4.9
billion
a year earlier. After seasonal
Manufacturers continue to report a
allowances,
first quarter 1968 starts
further lessening of pressures on capacwere
slightly
higher than in the final
ity. Companies holding 40 percent of
quarter
of
1967
and exceeded expenditotal fixed assets in manufacturing retures
in
the
first
quarter, with the
ported that their facilities on March
result
that
carryover
increased by $0.4
31, 1968, were inadequate for expected
billion.
At
$16.6
billion,
the carryover
production requirements over the next
at
the
end
of
March
1968
was $3.3
12 months; this proportion has declined
billion
greater
than
it
was
on
March
rather steadily since reaching a high of
31,
1967.
51 percent in March of 1966. Over the
Communications firms spent $6.4
same period, the proportion of assets
billion,
at a, seasonally adjusted annual
held by firms reporting facilities in
rate,
in
the first quarter—up 5 percent
excess of prospective needs has held
from
the
preceding 3 months. Followrelatively constant at 5 percent.
ing
a
slight
dip in the second quarter,
The decline in the proportion of assets
in the "inadequate" category in the
first quarter of 1968 occurred in the
nondurable goods group; the proportion
for durable goods industries rose 1 percentage point from December 31. In
both the chemical and petroleum indusManufacturers expect to make subtries, there was a substantial shift from
stantial additions to their inventories
the "inadequate" into the "adequate"
in the second and third quarters of
category. Although most durable goods
1968, following the modest advance
industries also reported a further dein the first quarter. They also expect
their sales to increase, but less rapidly
cline in the proportion of assets consithan in the early months of 1968.
dered inadequate, these declines were
more than offset by increases reported
7
by the primary metal and transporta- MANUFACTURERS sales rose 4
tion equipment groups. These industry percent from the fourth quarter of
findings are generally consistent with 1967 to the first quarter of 1968, the
the upward and downward revisions in largest quarterly rise since early 1966.
1968 investment plans from those made The rise, which partly reflected the
recovery from the auto strike of last
3 months earlier.
fall, was an important factor in holding
down the increase in manufacturers'
Nonmanufacturing
stocks to only $800 million in the
Investment
first quarter.
Manufacturers are now planning to
Both public utility and communications companies have increased their make substantial additions to their
1968 programs by about one-eighth stocks. According to projections reover 1967. Public utilities are expecting ported to the Office of Business
to spend $11.2 billion, with outlays by Economics in May, they expect their
gas companies up 18 percent from 1967 inventories to rise $2.1 billion from
a strong rise is projected for the second
half.
Other programs mixed
The railroads expect outlays to fall
from $1.5 billion in 1967 to $1.4 billion
this year. The decline centers in equipment as planned outlays for roads are
up substantially. Current programs are
much greater than those reported 3
months ago.
Nonrail transportation firms expect
to spend 15 percent more on new plant
and equipment this year than last. All
types of carriers are expanding investment, with airlines setting the pace.
Most industries in the group anticipate
a slight dip in outlays in the second
quarter followed by substantial increases in the second half.
Investment by commercial firms has
shown some improvement in recent
months but spending for the full year
1968 is still expected to be only slightly
higher than last year. Trade, construction, and finance firms are all projecting
moderate gains, but service firms anticipate a decrease.
June 1968
industries reported substantial increases; other industries reported minor
changes—mainly declines.
In the durable goods sector, starts
were less than expenditures during the
first quarter of 1968, and the carryover
declined $100 million. However, the
carryover for the nondurable goods
industries showed a small seasonally
adjusted increase for the first quarter
and returned to the year-earlier level.
Manufacturers' Sales and Inventory ExpectationsSecond and Third Quarters 1968
March to June and a further $1.8
billion from June to September, after
seasonal adjustment. Each of these
would be more than any quarterly
addition since early 1967. According to
preliminary data, inventories showed
an increase of $% billion during April.
Sales are expected to advance 2
percent this quarter and 1% percent
the next—about equal to the increase
in the second half of 1967. Actual
April sales (at a seasonally adjusted
quarterly rate) were up one-half of 1
percent from the first quarter.
The third quarter projections would
set new highs of $148.2 billion for sales
and $87.1 billion for stocks. September
stocks would be equivalent to \%
months of average monthly sales for
the third quarter—slightly higher than
in March but below the 1.8 figure that
prevailed during each of the 1967
quarters.
12
SURVEY OF CURRENT BUSINESS
Table 1.—Manufacturers' Inventories and Sales: Actual and Anticipated
Sales rise to continue
[Billions of dollars]
19(56
19 67
1968
ini
I
n
III
IV
I
II
III
IV
I
Hi
69.8
43.6
26.2
72.1
45.4
26.6.
74.1
47.3
26.8
77.1
49.4
27.7
79.9
51.6
28.3
80.6
52.3
28.3
80.4
52.3
28.1
81.9
53.3
28.6
83.7
54.7
29.0
85.8
56.4
29.4
86.6
57.1
29.5
69.4
43.3
26.1
71 7
45.0
26.7
74 6
47.6
27.0
77.6
50.0
27.5
79 4
51.2
28.2
80 1
51.8
28.3
80.8
52.6
28.3
82.4
53.9
28.5
83.2
54.3
28.9
85.3
55.9
29.4
87.1
57.5
29.6
128.7
67,6
61.0
135,3
72.1
63,2
129.5
65.8
63.7
134.1
70. 6
63.6
131.9
68.4
63.5
136.5
71.6
64.9
130.8
66.2
64.6
137.7
71.2
66.5
142.2
74.6
67.6
150.1
80.0
70.1
144.5
73.9
70.6
129.4
68.0
61.4
131.6
68.5
63.1
132.5
68.9
63.6
134.0
70.4
63.5
132.7
68.8
63.9
133.0
68.2
64.7
134.3
69.8
64.5
137.6
71.1
66.6
143. 2
75.1
68.1
146.1
76.2
69.9
148.2
77.7
70.5
Inventories, end of quarter
Unadjusted
All manufacturing
Durables _
Noiidurables
.
Seasonally adjusted
AW Tn&|Hjfaeti|T|ng'
Durables
Nondtarables
. «
Sales, total for quarter
Unadjusted
All manufacturing _
Durables.Nondurables
Seasonally adjusted
All manufacturing _
Durables
Nondurables
. ..
1. Anticipations reported by manufacturers in May 1968. Inventories have been corrected for systematic tendencies in
anticipatory data.
Sources: U.S. Department of Commerce. Anticipations, Office of Business Economies; actuals, Bureau of the Census.
CHART 6
Manufacturers' inventory and Sales Expectations
DURABLE GOODS MANUFACTURERS
Billion $
NONDURABLE GOODS MANUFACTURERS
(Ratio Scale)
Billion $
90
90
80
80
70
70
Sales
60
60
50
50
40
40
' Inventories
30
30
Inventories
20
, I , I . ,., I., , . I , , . I , ,. {-.. . t I i t . I . t .
1961
62
63
64
65
66
67
68
20
1961
62
63
64
65
66
67
68
Seasonally Adjusted
o Expectations
U.S. Department ot Commerce, Office of Business Economics
June 1968
Data: QBE-Census.
68-6-6
The large first quarter sales gain
occurred primarily among the durable
goods industries, which increased 6
percent, after seasonal adjustment.
Sales of automotive producers rose
14% percent from the strike-affected
fourth quarter, but machinery producers' sales rose only 1% percent;
those of most of the other major
durable goods industries were up about
4 percent.
Durable goods producers expect sales
to increase IK percent this quarter and
2 percent the next. Except for iron and
steel companies, which are expecting
an acceleration of the recent sales advance because of strike-hedge buying,
most durable goods industries expect a
marked slowdown in sales in the current quarter.
Nondurable goods producers are projecting a 2.7 percent sales increase this
quarter—not too different from the
average gain in the fourth quarter of
1967 and the first of 1968. For the
third quarter, the rise would slow down
to 1 percent. For both periods, the
projected sales gains are widespread
among the major component industries.
Larger stock investment expected
Durable goods producers, added $350
million to their inventories in the opening 3 months of this year, largely in the
automotive and aircraft industries.
They now expect stocks to increase
$1.6 billion in each of the second and
third quarters. Their actual first quarter
additions were only about one-third the
average 1967 rate, but the expected
increases would exceed each of the 1967
quarters. Metal fabricators expect the
largest accumulations this spring and
summer. Steel producers, on the other
hand, reported little change in stocks
during the first quarter of 1968 and
expect a similar pattern through the
end of September.
Nondurable goods producers added
$225 million to stocks in the last quarter
of 1967 and $450 million in the first
quarter of 1968. They expect their in-
June 1968
ventories to rise $K billion from March
to June, after seasonal adjustment—
the same amount as in the first quarter—and a further $200 million next
quarter. If current expectations materialize, the stock-sales ratio for durable goods producers would rise from
2.17 on March 31 to 2.22 on September
30. Over the same period, the nondurable goods ratio would fall slightly,
from 1.28 to 1.26.
Inventory condition on March 31
In March 1967, manufacturers holding 31 percent of total inventories considered them uhigh" relative to sales
and unfilled orders. The "high" ratio,
which was then at a 9-year record, fell
to 25 percent by yearend. Both durable
and nondurable goods manufacturers
judged the condition of their stocks as
unchanged from the end of 1967 to
March 31 of this year. Although the
condition of inventories has improved
in both sectors over the past year;
stocks appeared to be heavier this
March than they were in the period
from mid-1961 to September 1966.
For durable goods producers, the
"high" proportion was 31 percent on
March 31 this year as compared with
37 percent on the same date last year.
The "about right" ratio this March
was 66 percent and the "low" ratio
3 percent, as compared with 62 percent
and 1 percent, respectively, a year ago.
Among primary metals producers,
the "high" ratio declined steadily from
29 percent on June 30, 1967, to 15
percent on March 31, 1968, The "high"
proportion for metal users was reduced
throughout 1967—from 41 percent to
32 percent—but showed no further
change in the first quarter of 1968.
Companies holding 15 percent of
nondurable goods stocks considered
their March 31 inventories to be
"high"; an additional 82 percent were
classified as "about right" and 3 percent "low." The comparable percentages a year earlier were 20 percent,
78 percent, and 2 percent respectively.
SURVEY OF CURRENT BUSINESS
13
Table 2.—Manufacturers' Evaluation of the Condition of Their Inventories l
[Percentage distribution]
Total
High
March 31, 1962
June 30, 1962 ...
September 30, 1962
December 31, 1962
About
right
Durables
Low
High
About
right
Nondurables
Low
High
About
right
Low
14
14
15
14
84
84
83
84
2
2
2
2
19
17
18
17
80
82
81
82
1
1
1
1
8
9
11
11
89
89
86
86
3
2
3
3
15
15
17
13
82
83
81
85
3
2
2
2
17
18
19
14
81
80
80
84
2
2
1
2
12
10
14
10
85
88
83
87
3
2
3
3
16
13
14
13
82
84
82
84
2
3
4
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
16
16
16
15
81
80
81
82
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
15
18
22
28
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
March 31, 1967_.
June 30, 1967
September 30, 1967
December 31, 1967-
31
31
27
25
68
67
69
72
1
2
4
3
37
36
34
31
62
63
63
67
1
1
3
2
20
20
15
15
78
76
81
81
2
4
4
4
March 31, 1968
25
72
3
31
66
3
15
82
3
.
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
_ .
....
1,. Condition of actual inventories relative to sales and unfilled orders as viewed by reporting companies. Percent distribution of inventory book values according to companies' classifications of their inventory condition.
Source: U.S. Department of Commerce, Office of Business Economics.
CHART 7
Condition of Manufacturers' Inventories
• Since early 1967 stock-sales ratios have declined
® Proportions of stocks judged "high" have also decreased
NONDURABLE GOODS MANUFACTURERS
DURABLE GOODS MANUFACTURERS
Ratio
2.5
Stock-Sales Ratiol
' >*s^
20
1.5
V
\
1 1
.
J \ \
\ 1 1
f
_^^~
\
\S*»
A
V
\ \
1 1 1
\ \ \
1 1 1
I | I . 1 .1 i
Li. J
ill
t J I ,.11'i . I l l
I I
1.0
Percent
20
20
1961
67
68
1961
o Expectations
1. Seasonally adjusted.
2. Inventories of manufacturers who judged their stocks "high" as a percent of total manufacturers' inventories.
U.S. Department of Commerce, Office of Business Economics
67
68
BY ETIENNE H. MILLER
U.S. Spending for Foreign Travel
Totaled $4^ Billion in 1967
EXPENDITURES by U.S. residents
for travel abroad increased 17 percent
last year, more than in any other
year in the postwar period. Of the
$4% billion in total travel expenditures,
about $3.2 billion covered expenses for
travel within foreign countries. An
additional $0.8 billion was paid to
foreign sea and air carriers for transocean transportation, bringing foreign
earnings from U.S. travelers to about
$4 billion. Passenger fares paid to U.S.
CHART 8
Foreign Travel Expenditures of
U.S. Residents
© Total payments to foreigners up
$0.7 billion in 1967
® Of this, expenditures in Canada
accounted for $0.4 billion
Billion $
Fares to
U.S. Carriers
Fares to
Foreign
Carriers
60
1958
62
64
U.S. Department of Commerce, Office of Business Economics
14
66
U.S. residents increased their total
expenditures for travel abroad to a
record $4% billion in 1967, a rise of
one-sixth over 1966. Visits to Canada's
Expo 67 accounted for a significant part
of the rise. Spending by foreigners for
visits to this country advanced 6 percent
to a record $1.9 billion.
certain transactions that partially offset
the excess of payments. Examples are
expenses of U.S. carriers abroad and of
foreign carriers in the United States.
Foreign carriers also make large purchases of U.S. aircraft, in part for
transporting U.S. travelers abroad.
Spending by U.S. Travelers
sea and air carriers added another $0.7
U.S. outlays for travel in Europe and
billion to U.S. travel outlays.
the
Mediterranean area rose 11 percent
More than 3.4 million U.S. travelers
in
1967
to $1,018 million (table 2). The
spent $1.5 billion in oversea countries, and
increase
reflected a 15-percent rise in
millions more spent nearly $1.7 billion
the
number
of visitors, offset in part by
in Canada and Mexico. Over $1 billion
a
3-percent
decrease
in average expendiwas spent in Canada alone.
tures
per
visitor.
The
decrease in per
Total receipts from foreign visitors
capita
spending
is
a
continuation
of a
to the United States rose 5 percent to
downtrend
in
progress
since
1956.
a record $1.9 billion in 1967. Record
numbers of visitors from overseas, some Table 1.—Expenditures for Foreign Travel
by U.S. Residents
of whom were bound primarily for
[Millions of dollars]
Canada's Expo 67 and Centennial
celebrations, spent $850 million, inPayments to foreign
cluding $235 million paid to U.S.
countries
Fares
steamship and airline companies. The
paid to
Total
ExU.S.
increase in outlays by oversea visitors
pendi- Fares carriers
Total tures in
to
was more than enough to offset a slight
foreign foreign
coun- carriers
decline in U.S. receipts from Canadian
tries
and Mexican visitors.
1929
164
41
688
647
483
The excess of payments over receipts
1937
95
27
470
443
348
from international travel, including fare
88
1947
55
573
716
628
payments, climbed sharply in 1967 to
1955
1,612
1,354
258
201
1,153
more than $2.1 billion, a $0.5 billion or 1956--.
301
1,814
1,513
1,275
238
1,372
322
1957---.
1,955
1,633
261
30-percent increase over 1966. Much 1958
1,460
320
360
2,140
1,780
1959
390
1,610
380
2,380 1,990
of the increased payments balance can
1960
*360
1,750
*513
2,623 2,263
be traced to the extraordinary rise in 1961
358
2,650 2,292
1,785
507
1962. .
415
575
2,929 2,514
1,939
payments to Canada.
1963
3,219
2, 114
615
490
2,729
1964
2,211
520
645
3,376 2,856
The balance cited above measures the 1965 .
610
•720
3,768 3,158
2,438
755
635
1966
2, 657
4,047 3, 412
difference between U.S. travel expendi- 1967
715
830
4,740 4,025
3,195
tures abroad (including U.S. fare pay*Begins new series.
ments to foreign carriers) and U.S.
NOTE.—Excludes travel by military personnel and other
receipts from foreign visitors (including Government
employees stationed abroad and by their
dependents and U.S. citizens residing abroad; includes
receipts by U.S. carriers of fares paid shore
expenditures of cruise travelers; passenger fares exclude
by foreign visitors). It should be noted, fares paid by emigrant aliens.
Source: U.S. Department of Commerce, Office of Business
however, that this balance excludes Economics.
June 1968
All countries in the European and
Mediterranean area shared in the larger
number of U.S. visitors, with the exception of Israel, where tourism suffered
a temporary setback for a brief period
last year. Unrest and instability in the
Mediterranean region may also have
restrained U.S. travel to Greece, Italy,
and France, where the rate of increase
in the number of U.S. visitors was well
below the average for Europe and the
Mediterranean as a whole.
Israel and Italy were the only countries whose earnings from U.S. visitors
failed to increase over the previous
year. The more northerly countries of
Europe enjoyed sharp increases in the
number of U.S. visitors and, in many
cases, higher average outlays; all of
these countries experienced substantial
gains in total expenditures. Great Britain was host to 868,000 Americans who
spent $190 million there, about 14 percent more than in 1966, even though
average spending was almost unchanged. In Germany, a 13-percent
increase in the number of Americans
and higher per capita spending brought
U.S. travel payments to $104 million in
1967, a rise of more than 20 percent.
The Scandinavian countries recorded
impressive gains. Sweden's earnings
from U.S. travel were $22 million, up
70 percent from the 1966 figure of $13
million. In Norway, Americans spent
$19 million, or 36 percent more than in
1966, and in Denmark they spent $32
million, a 23-percent increase. Aboveaverage increases in U.S. travelers and
in dollar receipts were recorded for
Belgium and Luxembourg, the Netherlands, and Ireland.
Expo 67 and the Canadian Centennial
drew millions of American visitors, who
spent $1,070 million in Canada. In
Mexico, U.S. residents spent $590
million in 1967, a rise of less than 3
percent.
U.S. travel expenditures in the Caribbean area, including the West Indies
and Central America, approached $300
million, nearly 14 percent over 1966.
The total is composed of the outlays
of more than 1.2 million visitors, and
shore spending of cruise travelers in
the area, whose number is not included
in the account of visitors. Cruise travelers spend a relatively small share of
SURVEY OF CURRENT BUSINESS
their total outlays ashore; most of
their spending is in the form of passenger fares to steamship lines.
Outlays for travel in the Bahamas
jumped 20 percent to nearly $90 million, while Jamaica received $66 million
last year. In Bermuda, Americans
spent about 10 percent more than in
1966, or $45 million. The growing
popularity of other islands of the British West Indies resulted in $30 million
in receipts from U.S. travelers, a 25percent increase over 1966.
CHART 9
U.S. Travelers and Their
Expenditures Overseas
Ratio Scale
4.0
- TOTAL
Number of Travelers
(Millions)
2.0
1.0
2.0 h EUROPEAN AND
MEDITERRANEAN AREA
1.0
i
i
i
i
i
i
i
i
i
i
WEST INDIES & CENTRAL
_ AND SOUTH AMERICA
3.0
- OTHER OVERSEA AREAS
2.0
1.0
.6 1958
60
62
64
U.S. Department of Commerce, Office of Business Economics
66
67
68-6-i
15
The number of U.S. residents traveling to South America rose 35 percent
over 1966, but the increase in total
expenditures amounted to only $5
million, because of reduced outlays per
person. Total spending of U.S. travelers in South America reached $70
million last year.
Lower levels of travel spending in
"other oversea areas/' primarily the
Pacific and Far East, resulted in a 5percent decline in U.S. travel outlays
to $152 million last year. Although
the number of travelers in the areas
was slightly higher, fewer persons
traveled to countries where average
outlays tend to be relatively high, such
as Japan and Hong Kong. In Japan,
total expenditures of U.S. visitors receded 6 percent to about $58 million,
and Hong Kong received $28 million,
a total slightly below 1966 receipts.
However, average per capita spending
remained at about 1966 levels in both
countries.
Lower average outlays for European
trips
A trip to Europe in 1967 cost U.S.
travelers an average of $1,022, including transocean transportation and all
outlays within the European and Mediterranean area. The total was 4 percent
below the 1966 average of $1,070, as a
result of declines in both average transocean fare payments and average outlays in European and Mediterranean
countries.
Transatlantic fares cost each U.S.
traveler about $460 last year, down
nearly 6 percent from the 1966 figure
of $487. Limited-stay excursion air fares
lured many travelers, helping to reduce
average spending for air travel from
$460 in 1966 to about $440 in 1967.
In contrast, travelers reaching Europe
by ship paid 2 percent more than in
1966 or about $730 each; however, the
number of ship travelers fell sharply.
The average U.S. traveler spent $563
within Europe and the Mediterranean
area last year. This reflected a visit of
about 33 days and an average expenditure per day of $17.06. Last year's
average trip was $20 less expensive
than in 1966; it was 4 days shorter
but 8 percent costlier on a per diem
basis (tables 5 and 6). The number of
SUBVEY OF CURRENT BUSINESS
16
countries visited—three to four—-was
only slightly less than in 1966.
The reduction in average length of
trip, and thus in average expenditure
per trip, has been greatly influenced by
the reduced air fares for trips of 14-21
days' duration. About 35 percent of
U.S. travelers reaching Europe by air in
1967 reported visits ranging between
15 and 21 days, and may be assumed to
have taken advantage of the excursion
air rates. Over 20 percent of the air
travelers remained from 1 to 14 days.
Many of these traveled for business
purposes. In all, nearly 60 percent of
Americans who chose air travel to
Europe remained 3 weeks or less.
Sea travelers, on the other hand, tended
Table 2.—Expenditures for Foreign Travel
by U.S. Residents, by Area
[Millions of dollars]
1963
Total
1964
1965
1966
.... 3,219 3,376 3,768 4,047
Transportation _ _ _ _ _
1,105
Foreign-flag carriers
U.S. -flag carriers _
615
490
Expenditures abroad
1,165 1,330 1,390
645
520
720
610
755
635
2,114 2,211 2,438 2,657
Canada
Mexico
Persons visiting
Mexican border
only. ___
522
United Kingdom...
France
Italy
Switzerland
1,545
830
715
3,195
678
1,070
355
365
372
1 120 1 171 1 298 1 404
1 535
320
Europe and
Mediterranean
4,740
600
472
Oversea areas
550
1967
490
325
540
575
590
755
800
864
920
1,018
119
124
130
127
142
125
167
116
190
119
138
55
148
56
152
53
153
60
148
67
Germany.
Austria
Denmark
Sweden
75
24
21
13
79
29
23
14
79
27
23
14
86
36
26
13
104
41
32
22
Norway.
Netherlands...
Belgium-Luxembourg.
Spain
13
21
15
22
16
24
14
26
19
35
13
17
9
Portugal..
Ireland
Israel
Greece..
West Indies and
Central America. _
Bermuda
Bahamas
Jamaica
Other British
West Indies..
Netherlands West
Indies..
11
13
38
47
51
53
n.a.
16
25
26
n.a
20
25
26
17
20
31
31
19'
24
35
34
21
28.
33
35
180
32
190
33
48
40
55
45
220
35
259
41
295
45
62
52
73
60
58
88
66
19
20
22~
24
10
12
14
12
14
56
57
68
65
70
Other oversea areas. _ . 129
Japan.
52
Hong Kong
24
Australia-New
Zealand
13
Other.
40
124
54
146
60
160
62
152
58
South America .
j
25
14
31
28
30
15
43
18
50
30
28
18
48
n.a. Not Available.
NOTE.—For coverage, see table l.
Source: U.S. Department of Commerce, Office of Business
Economics.
to stay for longer periods. Three-fourths
of those reaching Europe by sea made
visits of more than 3 weeks, and half
remained longer than 5 weeks. Over
one-fourth stayed longer than 2 months
(table 6A).
For the 10 European countries most
popular with U.S. tourists, table 6B
presents data on average length of stay
and average daily expenditure. The
figures indicate that visitors tend to
remain longer in Great Britain than in
any of the other countries and that
their average expenditure per day is
comparatively low. This is also true of
Germany where relatively large numbers of foreign-born Americans visit.
Shorter stays in other countries are
often associated with relatively high
daily expenditures, partly because purchases other than meals and hotel
accomodations are averaged out over a
shorter period. Daily outlays in Switzerland and Denmark, for example, averaged $21.50 during a 6-day sojourn,
and a 4-day visit to Belgium and
Luxembourg resulted in expenditures of
$18.75 per day.
It should be noted that these average
daily expenditures do not measure
relative price levels for comparable
goods and services in the countries
selected for this analysis.
Table 3.—U.S. Travelers to Oversea Countries by Area and Means of Transportation
[Thousands of travelers]
1963
Total
318
Europe and Mediterranean
_ _
West Indies and Central
America
Sea
Air
South America
Sea
Air
Other
Sea
Air
1965
1966
1,990 2,220 2,623 2,975
Sea
Air
Sea
Air
1964
277
237
220
1967
3,425
167
1,672 1,943 2,386 2,755
3,258
1,102 1,250 1 405 1,570
1,800
254
223
184
175
848 1,027 1 221 1,395
1,668
631
701
891 1,050
1 220
41
590
35
666
37
30
854 1,020
20
97
107
127
130
175
5
92
5
102
4
123
5
125
4
171
160
162
200
225
230
18
142
14
148
12
188
10
215
10
220
132
1,200
NOTE.—'For coverage, see table 1; also excludes cruise
travelers, who numbered about 322,000 in 1963, 295,000 in
1964, 333,000 in 1965, 337,000 in 1966, and 350,000 in 1967.
Source: U.S. Department of Commerce, Office of Business
Economies, based on data of U.S. Department of Justice,
Immigration and Naturalization Service.
June 1968
More Oversea Travelers in 1967
The total number of U.S. travelers
voyaging to oversea destinations last
year rose 15 percent to 3,425,000. The
number of sea travelers, at 167,000,
was lower by one-fourth than the year
Table 4.—Numbers, Total Expenditures,
and Average Expenditures of U»S, Residents Traveling in Europe and the
Mediterranean Area, by Country
Average
Number
Total
expendi- expendiof
tures
travelers
tures
(millions (dollars)
(thousands) of dollars)
Europe and Mediterranean:
1967
1966
1,800
1,570
1,018
920
563
583
132
175
118
147
858
814
1,668
1,395
900
773
540
554
United Kingdom:
1967
_ _
1966
868
770
190
167
219
217
France:
1967
1966
717
685
119
116
166
170
Italy:
1967
1966
645
613
148
153
226
248
Switzerland:
1967
1966
520
471
67
60
129
128
631
558
104
86
165
153
Austria:
1967
1966
379
303
41
36
107
118
Denmark:
1967
1966 . _
250
192
32
26
129
134
Sweden:
1967_
1966
154
104
22
13
144
130
Norway:
1967
1966
115
98
19
14
170
158
B elgium-Luxembour g :
1967
1966_
227
194
17
13
75
68
Netherlands:
1967 ._
1966
398
301
35
26
89
87
Spain:
1967
1966
292
245
58
53
198
212
163
148
21
19
130
131
Ireland:
1967
1966
154
132
28
24
185
191
Israel:
1967
1966
111
123
33
35
296
279
Greece:
1967
1966
158
154
35
34
221
218
Sea:
Air:
1967 .
1966
1967
1966
Germany:
1967
1966
Portugal:
1967___
1966
_
_ _-
_
NOTE.—For coverage see table 1; includes expenditures of
cruise travelers, but not their numbers or 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.
SUKVEY OF CUEEENT BUSINESS
June 1968
before. Air travelers, however, increased from 2,755,000 in 1966 to
3,258,000 last year, an 18-percent rise.
The proportion of oversea travelers
choosing air travel increased to 95
percent last year.
Travel on cruise ships (not included
in the total number of travelers given
above) reached 350,000 in 1967, as
compared with 337,000 the year before.
Foreign-flag ships continued to dominate the cruise trade, carrying almost
90 percent of all cruise travelers.
Table 5.—Average Daily Expenditures of
U.S. Residents Traveling in Europe and
the Mediterranean Area, by Nativity and
Means of Transportation
Foreign Visitors Spend Record
$1.9 Billion Here
1964
U.S. receipts from foreign visitors
amounted to almost $1.9 billion in 1967,
including $23,5 million received by U.S.
sea and air carriers for transocean
transportation (table 7). As usual,
Canadians and Mexicans contributed a
major portion of the total, $1,032
million, although their expenditures
here were somewhat below the 1966
record. Canadians spent about $575
million here, $11 million less than in
1966. Outlays by visitors from Mexico
remained unchanged at about $457
million.
1967
1966
1965
United States residents:
Total
Sea
Air.
_
$15. 54 $15. 67 $15. 75
12.79 12.50 11.63
16.36 16.79 16.78
$17. 06
13.41
17.42
18.41
15.10
18.69
18.94
14.64
19.33
Native-born residents:
Total
Sea
Air_.
18.27
15.12
19.37
16.87
16.15
17.71
Foreign-born residents:
9.22
8.21
9.54
9.22
8.63
9.78
Total
Sea
Air .
11.16
8.11
11.94
9.91
7.84
10.89
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.
Table 6.—-Average Length of Stay of
U.S.
Travelers in Europe and the
Mediterranean Area, by Nativity and
Means of Transportation
Table 6B.—Average Length of Stay and
Average Daily Expenditure of
U.S.
Travelers in Ten European Countries,
1967
[Days]
Average daily
Average
Length of
Expenditure
Stay (days)
(dollars)
Country
All travelers, total. _
Sea__
Air....
U.S.-born travelers, total..
Sea
Air
Foreign-born travelers,
total.
Sea.
Air....
1963
1964
1965
1966
45
67
38
41
67
36
39
70
34
37
70
33
33
64
31
44
55
36
39
59
35
36
63
34
60
32
32
60
30
55
88
42
49
80
41
49
84
42
46
85
38
38
74
34
on
1967
NOTE.— For coverage, see table 1; also excludes cruise
travelers.
Source: U.S. Department of Commerce, Office of Business
Economics.
United Kingdom
France
Italy
15
9
12
$14. 66
18. 44
18.75
West Germany..
Switzerland
Spain
- _
14
6
10
11.78
21.50
19.80
. ...
5
.7
6
17. 80
15.29
21.50
Belgium-Luxembourg. _ _ . .
4
18.75
Netherlands
Austria.. _
Denmark
.
NOTE.—For coverage, see table 1; also excludes cruise
Sea travelers
Air travelers
Length of stay period (days)
..
21.1
33.3
16.4
10.8
6.8
11.3
Average
Percent of
expenditure air travelers
(dollars)
Average
expenditure
(dollars)
Percent of
sea travelers
22.0
34.7
15.8
10.6
6.7
9.9
316
456
655
639
733
868
8.8
15.4
24.7
14.3
7.7
28.8
317
454
660
652
738
925
NOTE.—For coverage, see table 1. Excludes cruise passengers.
Source: U.S. Department of Commerce, Office of Business Economics.
306-294 O - 68 - 3
(Continued on page 52}
Table 7.—U.S. Receipts From Foreign
Visitors for Travel in the United States
and Payments
to U.S. Transocean
Carriers
[Millions of dollars]
1963
Total U.S. receipts from
foreign visitors
1964
1965 1966' 1967
1,133 1,357 1,545 1,785 1,881
Fares to U.S. carriers J _ _ _ 118
165
150
195
235
Spent by visitors in the
United States
1,015 1,207 1,380 1,590 1,646
Canada
.
372
575
448
490
586
Mexico
313
342
390
457
458
Total oversea
countriesEurope and
Mediterranean. ._
United Kingdom...
330
417
500
546
614
113
40
170
58
205
71
215
68
230
43
West Indies, Central
and South
America
147
161
200
226
263
Other oversea
countries
_ .__
Japan
70
20
86
26
95
27
105
31
121
42
r
Kevised.
1. 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.
Table 8.—Foreign Visitors to the United
States From Oversea Countries, by Area
and Type of Visa
[Thousands of travelers]
All travelers
1-14
15-21
22-35
36-49
50-63
64 and over
Expo 67 also appeared to be a major
factor in a 27 percent jump in foreign
visitors to the United States from oversea areas (table 8). The expenditures
of these travelers, who numbered
1,729,000, amounted to about $615
million, an increase of 10 percent over
1966. A significant proportion of those
visiting Expo 67 traveled to Canada
via the United States, and in doing so
may have entered this country more
than once during a single trip. Although
Source: U.S. Department of Commerce, Office of Business
Economics.
Table 6A.—Percent Distribution of Travelers and Average Expenditure of U.S. Travelers
in Europe and the Mediterranean Area, by Means of Transportation and Length of
Stay, 1967
Percent of
all travelers
17
Average
expenditure
(dollars)
354
412
701
774
793
1,174
Total Busir Pleas- Trans- Student
it
ness ure
Oversea countries total:
1967
1966
1,729
1,360
227 1,258
966
197
196
159
48
38
Europe and Mediterranean:
1967
1966
866
658
139
121
625
445
94
85
8
7
West Indies, Central
and South America:
1967
1966
608
517
30
30
498
425
60
46
20
16
Other oversea areas:
1967
1966
255
185
58
46
135
96
42
28
20
15
NOTE.—Excludes visitors from Canada and Mexico; excludes foreign government personnel and foreign businessmed
employed in the United States. Data are not adjusted for
double entries on the same trip.
Source: U.S. Department of Justice, Immigration ami
Naturalization Service.
By WALTHER LEDERER and EVELYN M. PARRISH
The U.S. Balance of Payments:
First Quarter 1968
THE international transactions of the
United States in the first quarter of
1968 indicate that the balance of payments measured on the liquidity basis
was adverse by about $600 million,
after seasonal adjustment. This compares with an adverse balance of about
$1,740 million (based on revised seasonal
adjustments) in the fourth quarter of
last year and an adverse balance of
close to $3.6 billion for 1967 as a whole.
The balance measured on the
liquidity basis represents the changes in
U.S. official reserve assets and in liquid
liabilities to all foreign residents re-
The balance of payments showed an
improvement in the first quarter of 1968
following the pronounced deterioration
in the last quarter of 1967. A significant
improvement in the balance on private
capital transactions more than offset a
decline in the balance on goods and
services.
ported by U.S. official agencies and
U.S. banks. Before seasonal adjustment, this balance was adverse by $220
million, reflecting a decline of about
$900 million in official reserve assets
and a decline of $680 million in liquid
liabilities to foreign residents.
The first quarter balance measured
on the official reserve transactions basis
was favorable by about $90 million, but
after seasonal adjustment it was adverse by $510 million. In the fourth
quarter of last year, this balance after
seasonal adjustment was adverse by
about $1,080 million, and for 1967 it
was adverse by about $3.4 billion. The
balance measured on this basis represents the changes in U.S. official reserve
assets and in liquid and nonliquid liabilities to foreign monetary authorities
CHART 11
U.S. Balance of International Payments— Cumulative Quarterly Data
Billion $
Billion $
1.0
1.0
BALANCE ON OFFICIAL RESERVE
TRANSACTIONS BASIS
BALANCE ON LIQUIDITY BASIS
CHANGE IN U.S. OFFICIAL RESERVE ASSETS
(Gold, Convertible Currencies, and IMF Gold
Tranche) (decrease-)
,
.
CHANGE IN U.S. GOLD HOLDINGS
(decrease—)
-.5.
-1.0
1967
1967
-1.5
-2.0
-2.5
- 3.0
-3.5
-3.5
-4.0
Mar,
June
Sept.
Seasonally Adjusted
U.S. Department of Commerce, Office of Business Economic
18
Dec.
Mar.
June
Seasonally Adjusted
Sept.
Mar,
June
Sept.
Dec.
Mar.
June
Sept.
-4.0
Dec.
June 1968
reported by U.S. official agencies and
U.S. banks.
Major developments
A. Changes in official reserve assets
and in liquid liabilities.
(1) Official reserves declined about
$900 million. This change consisted
of a $1,360 million drop in official gold
holdings, a $400 million rise in holdings
of convertible currencies, and a $60
million increase in the U.S. gold tranche
position in the IMF. Most of the gold
sales were made to help preserve the
officially established price of gold by
meeting the demand on principal foreign
gold markets. The large losses of
reserves by the United States and other
countries participating in the London
gold pool operations resulted in the
March 17 agreement among the financial authorities of these countries'"that
officially-held gold should be used only
to effect transfers among monetary
authorities/7 that it no longer be
supplied to the London or any other
gold market, and that the price of gold
used in transfers among monetary
authorities and in the valuation of
official reserves remain unchanged, but
that the price of gold traded by others
be free to reflect market conditions.
(2) Liquid liabilities to foreign residents declined $680 million in the first
quarter. This decline was the net
result of a $1,360 million drop in liquid
assets held in the United States by
foreign official agencies and a rise of
about $680 million in those held by
foreign banks, other private foreign
residents, and international organizations.
U.S. liquid liabilities to foreign official
agencies, as reported by U.S. banks,
do not necessarily reflect the size of
foreign official dollar reserves. Foreign
official dollar reserves generally include
time deposits or time deposit certificates
and nonmarketable, nonconvertible
Government obligations, which are
excluded from U.S. liquid liabilities.
Furthermore, foreign official reserves
also include dollar deposits held in
foreign branches of U.S. banks and
other private foreign banks. These
deposits are likely to be reflected in
liabilities of U.S. banks to foreign
private accounts. There is considerable
SUEVEY OF CUEEENT BUSINESS
evidence that the first quarter decline
in foreign official dollar holdings was
less than the figures reported by U.S.
banks indicate; this would suggest
that foreign official dollar holdings
were shifted from banks located in
the United States to banks located
abroad. Such shifts may have been
made to prevent or at least to dampen
the rise in interest rates in the Eurodollar market by replenishing the
supply of dollars that was reduced
by foreign private purchases of gold.
Shifts by foreign official organizations
in their dollar deposits may have been
a major factor in the first quarter
increase in U.S. liquid liabilities attributed to foreign private accounts. In
addition, large scale but short-lived
speculation against the Canadian dollar
may have contributed to a reduction
in foreign official dollar holdings and
an increase in foreign private holdings.
Nevertheless, the first quarter rise in
liquid liabilities to foreign private residents was considerably less, after sea-
19
sonal adjustment, than in either of
the two preceding quarters. The very
large increases in that period were
probably associated with the exchange
crisis of the British pound, which
contributed to, and was intensified by,
the shift of foreign-held funds from
sterling into dollar assets.
B. Major changes in other transactions.
(1) Nonmilitary merchandise exports,
seasonally adjusted, increased about
$450 million from the last quarter of
1967, the first major rise in a year.
Seasonally adjusted merchandise imports advanced $680 million. This rise
continued the sharp upward movement
of the-preceding quarter, which followed
about a year of slight decline.
The balance on nonmilitary merchandise trade decreased about $230
million from the preceding quarter to
less than $100 million. This compares
with a quarterly average nonmilitary
merchandise balance of over $1 billion
in the first three quarters of last year.
Strikes affecting New York port oper-
Table A.—Balances of Major Transactions
[Millions of dollars]
1967
IV
1966
1968
I
Change,
1966-67
1967
Change,
IV-19671-1968
Seasonally adjusted
Balance on goods and services, excluding transfers under military
grants
4,768
-312
-474
848
374
319
-301
-781
1,284
84
-315
-802
1,111
-235
-14
-21
-173
Private remittances, net
-835
-648
U.S. Government pensions and other transfers
-441
-367
Private U.S., and foreign capital other than liquid funds, net J
-2, 989 -3,487
Corporate capital (assets and liabilities)
_
-2, 921 -2, 561
Security transactions, excluding special transactions (assets and
liabilities)
-393
-321
Claims and liabilities reported by U.S. banks
-488
245
Claims, net of liabilities, reported by brokerage concerns
-45
8
-187
-167
-74
-96
-960
-498
360 -1, 107
-171
-94
386
113
-8
2
1,346
1,220
-72
-733
-53
-151
364
60
-254
290
90
Government grants and capital, net
_ . __
Grants (excluding military) and capital outflows
Scheduled loan repayments
Liabilities other than marketable or convertible securities 2
-170 -1,005 -1, 134
-515 -1, 266 -1, 510
172
305
258
3
173
71
-129
-244
47
68
-322
-114
Balance on nonmilitary merchandise trade
Balance on travel.
Balance on military transactions
Balance on investment income
Errors and omissions.
Special financial transactions:
Investment by foreign official agencies in 2long-term time deposits
or certificates of deposit in U.S. banks _
Investment by international and regional organizations in longterm time deposits or certificates of deposit and U.S. Government agency bonds
_ .,
Nonscheduled loan repayments by foreign governments of
U.S. Government credits
Liquidation of U.S. securities other than Treasury issues by
United Kingdom (Government and private). _ .. .__
Other transactions listed in table B
5,080
3,635
3,477
-lr;067 -1, 549
-2, 906 -3, 100
4,566
4,178
-3, 793 -3, 963
-4. 676 -5, 191
975
803
253
80
-210
-532
793
1,040
-158
-482
-194
388
247
103
74
-30
-34
-148
160
265
19
-87
440
299
-141
429
6
-423
(*)
42
-101
12
-453
30
-352
18
-507
(2)
-35
Total of above transactions equals balance measured on liquidity
basis
-1,357 -3,571
-2,214 -1,742
-606
105
-106
42
507
-35
1,136
*Less than $500,000.
1. Corporate capital, see table E; security transactions, see tables 1 and 2, lines 34-36, 52, less new issues by U.S. Corporations included in corporate capital and less transactions shown in table B; claims and liabilities reported by U.S. banks,
see tables 1 and 2, lines 37, 38, 53, less transactions shown in table B; claims and liabilities reported by brokerage firms, see
tables 1 and 2, parts of lines 40 and 55.
2. Certain foreign official investments in nonmarketable, nonconvertible, medium-term U.S. Government securities
are included in special financial transactions and therefore omitted from Government liabilities.
20
SUEVEY OF CURRENT BUSINESS
ations and the production of copper,
together with strike-hedge buying of
steel, retarded the rise in exports and
contributed to the increase in imports.
These developments may have reduced
the trade balance between $400 million
and $450 million.
(2) The balance on other transactions
in goods and services, after seasonal
adjustment, declined about $240 million from the preceding quarter. This
deterioration, much of which was in
in vestment incomes, resulted from a $75
million decrease in receipts and a $165
million increase in payments. Receipts
on investment incomes dropped about
$120 million and payments rose $50
million. Income receipts on direct investments were down about $185 million, but this decline was partly offset
by a major increase in interest receipts
on Government assets, Higher interest
rates in the United States and on the
Euro-dollar market raised payments on
short-term liabilities more than receipts on short-term claims, since the
former are about three times as large
as the latter. Net payments also in-
creased on transportation, travel, and
militarv transactions.
The seasonally adjusted balance on
all transactions in goods and services,
excluding transfers under military
grants, dropped to $375 million from
about $850 million in the preceding
quarter. In the first three quarters of
1967, this balance averaged about $1.3
billion. Part of the decline of nearly
$1 billion can be attributed to some of
the temporary developments suggested
above, such as strikes and strike anticipations, which had an adverse effect
on the trade balance in the first quarter
of this year. However, the balance in
the second and third quarters of last
year was also adversely affected by
temporary developments, such as the
large travel expenditures in Canada,
which were only partly offset by higher
net receipts from trade and investment
incomes resulting from the conflict in
the Middle East.
(3) The decline of about $475 million
in the balance on goods and services
from the fourth quarter of 1967 to the
first quarter 1968 was more than offset
CHART 12
Balances on Goods and Services and on Capital Transactions
Billion $
Billion $
0
3.5
5
3.0
2.5
Net Exports of Goods and Services
(left scale)
-
2.0 -
*
--1.5
- -2.0
- -2.5
.5 -
Net Capital Movement* (Outflow—)
(right scale)
3.0
I
1960
I
1961
1962
1963
-1
1964
1965
Quarterly, Seasonally Adjusted
* Exclude nonscheduled repayments of Government credits and long-term liabilities of U.S. banks.
U.S. Department of Commerce, Office of Business Economics
1966
1967
1968
3.5'
Jtlne 1968
by an improvement in private capital
transactions. The net outflow of capital
resulting from changes in assets and
liabilities of U.S. corporations declined
about $1.1 billion, from $1.2 billion to
about $100 million (table E); the net
inflow resulting from the repatriation
of foreign assets reported by U.S. banks
increased about $270 million, and the
net inflow from foreign direct investments in the United States rose about
$120 million. These favorable changes
were to a minor extent offset by a $160
million shift from capital inflows to
outflows through private security transactions and through changes in assets
and liabilities hdd by brokerage concerns.
(4) Government nonmilitery grants
and capital transactions resulted in a
$130 million increase in net debits. The
capital transactions include changes in
Government claims, other than those
resulting from nonscheduled repayments of $40 million mainly on ExportImport bank loans, and changes in
Government liabilities, other than those
listed among special financial transactions in table B or included among
liquid liabilities.
(5) Net foreign investments by foreign official agencies and international
organizations in time deposits or certificates of deposit with an original
maturity of 1 year or more and in
nonconyertible, nonmarketable, medium-term Government securities included in table B amounted to nearly
$180 million, about the same as in the
preceding quarter but nearly $200
million less than in the first quarter of
1967. These investments do not affect
the balance measured on the official
reserve transactions basis, but they
improve the balance measured on the
liquidity basis. Some of these investments approach in liquidity those
classified as liquid liabilities.
(6) A major part of the improvement
in the balance in the first quarter was
the absence of liquidations of U.S.
securities by the British Government.
These liquidations had amounted to
more than $500 million and had been
a major factor in the adverse balance
in the last quarter of 1967.
(7) Net payments on unrecorded
transactions were about $150 million,
June 1968
after seasonal adjustment, as compared
with $35 million in the preceding
quarter. Although net payments increased, they were not significantly
higher than the quarterly average in
1967, Apparently, the large disturbances in international financial markets
during the 6-month period from October
1967 to March 1968—which included
the devaluation of the British pound
in November and the change of policy
in midUM&rch regarding the official
support of the gold price on private
market^—di<i not lead to major capital
outflows through transactions that are
not covered by the statistical reporting
system for international capital movements.
Special transactions
SURVEY OF CURRENT BUSINESS
program. Because capital transfers may
be maintained at the first quarter level
of about $400 million, the $350 million
decline is not included in the $500
million total for all special transactions.
In contrast, these special developments adversely affected the liquidity
balance:
(1) The $400 million to $450 million
reduction in the trade balance resulting
from actual and anticipated strikes.
(2) The $35 million sale of World
Bank bonds by a foreign government.
Goods and Services
The balance on goods and services,
excluding transfers under military
grants, in the first quarter of 1968 was
$375 million after seasonal adjustment,
about $475 million less than in the preceding quarter. This decline followed
one of approximately equal size in the
fourth quarter of 1967; in that period,
the balance dropped to $850 million,
after having remained almost stable at
21
an average of about $1,300 million in
the first three quarters of 1967. About
half of the deterioration in the first
quarter of 1968 was due to adverse
movements in nonmilitary merchandise trade, and another third to changes
in investment incomes. The merchandise trade surplus was only $85 million
in January-March of this year and $320
million in the fourth quarter, as compared with an average of about $1,050
million in the preceding quarters of
1967.
merchandise exports
Nonmilitary merchandise exports,
seasonally adjusted, rose $450 million
to reach $7,925 million in the first
quarter. Exports declined during most
of last year and by the fourth quarter
were $180 million below . the first
quarter 1967 level. The latest quarterly
rise may have been dampened by as
much as $150 million because of the
New York dockworkers' strike in late
March.
npnrepetitive transactions and
financial transactions improved
the balance measured on the liquidity
baste by about $500 million and the
balance measured on the official reserve
transactions b&sis by about $300
million.
Table B.—Changes in Near-Liquid Liabilities, Nonscheduled Repayinents by Foreign
Governments of U.S. Credits, and Other Special Financial Transactions by \3,,§, and
The following transactions improved
Foreign Official and International Agencies
the liquidity balance:
[Millions of (lollars]
(1) A $365 million liquidation of
Effect on balance measured on—
bank-reported assets.
(2) A liquidation by U.S. nonfinancial Lines in tables 1, 2, and 8 in which
Official reserve transactions basis
Liquidity basis
transactions are included are indicorporations of about $170 million in
cated in ( )
1968
1967
1968
1967
claims (other than those representing
1965 1966 1967
1965 1966 1967
the temporary investment of the proI II III IV
I
I II III IV
I
ceeds from issues of bonds to finance
foreign investments) on foreign banks Investment by foreign official agencies
in long-term time deposits or certifiand other un&Siliated foreign residents.
cates
of deposit in U.S. banks (53,
-38 793 1,040 304 587 -12 160 265
57) l
(3) Beceipts of about $210 million Investment
by international and regional organizations:
from a new stock issue by a U.S. subIn long-term time deposits or
sidiary of a foreign corporation.
certificates of deposit in U.S.
banks (53)
205 196 178 70 25 S3
3Q -49
(4) Net receipts of $180 million from
In U.S. Government agency bonds
(52)
15 244 121 -6 71 67 -11 -38
foreign official and international investrepayments by foreign
ments in medium-^term time deposits Nonscheduled
governments of U.S. Government
5, (*)
42
credits (45)
221 429
5 (*)
42 221 429
6
6
(*)
(*)
and special Government bonds (exclude
Nonscheduled repayments by Canaing the quarterly purchase by Germany).
dian Government of U.S. private
30
30
30
credits (35)
139
30
139
(5) Receipts of about $40 million
Canadian Government purchases of
through nonscheduled debt repayments.
-35
23
23
IBRD bonds from U.S. owners (36) .
35
(6) A $350 million decline from the Postponement of new issues of Canadian securities (34)
,
150 -150
150 -150
preceding quarter in capital transfers
Liquidation of U.S. securities other
to foreign affiliates of U.S. corporations, than Treasury issues by United
Kingdom (Government and prinet of funds that had been borrowed
vate) (52)_
. .. -520 -101 -453 -28 71 10 -507 (2) -520 -101 -453 -28 71 10 -507 (?)
abroad through bond issues. The decline Deferral of service on United Kingdom
-138
loan (13 and 44)
-138
probably reflects the restrictions on
such transfers imposed by the new
*Less than $500,000 (±).
1. Includes also certain foreign official investments in nonmarketable, nonconvertible, medium-term U.S. Government
mandatory program. Further declines
securities.
2. Liquidation of U.S. securities other than Treasury issues by the United Kingdom Government was completed in the
of this size cannot be expected under the
fourth quarter 1967.
SUEVEY OF CUEEENT BUSINESS
22
About three-fourths of the first quarter export rise reflected increases in
agricultural goods, aircraft, and automotive equipment shipped to Canada.
Agricultural exports in the first quarter
recovered from a fairly steady decline
during 1967, but the $140 million rise
was largely in commodities financed
by the U.S. Government under farm
product disposal programs. Exports of
aircraft and parts, which began to
rise in the fourth quarter, advanced
another $125 million in the first quarter
to $585 million. Exports of jet aircraft
probably exceeded the average quarterly rate of deliveries scheduled for
the current year. Some of the aircraft
were financed through long term credits
extended by the Export-Import Bank
and private lending agencies. Automotive exports to Canada, mainly
under the automotive trade agreement,
increased $70 million.
Exports of all other nonagricultural
commodities combined recovered from
the low fourth quarter, but were only
slightly higher than in the first quarter
of 1967, even after allowance is made
Table C.-—U.S. Noiimilitary Exports1: Total, Agricultural, and Nonagricultural
[Millions of dollars]
1966
1966
1967
I
II
1967
III
i
IV
II
1968
III
IV
IP
Seasonally Adjusted
ALL COMMODITIES
GLOBAL, all countries
.
Developed, countries, total
Developing countries, total
29, 176
19, 612
9,564
30,468
20, 709
9,759
7,188
4,852
2, 336
7,179
4,878
2,301
7,369
4,963
2,406
7,440 7,661
4,921 5,085
2,519 2,576
7,703
5,235
2,468
7,626
5,227
2,399
7,478
5,162
2,316
7,924
5,341
2,583
Western Europe, total. __.
United Kingdom
Other Western Europe __
9,579
1,756
7,823
9,667
1,864
7,803
2,498
463
2,035
2,388
438
1,950
2,415
443
1,972
2,283
415
1,868
2,336
438
1,898
2,467
497
1,970
2,460
500
1,960
2,408
436
1, 972
2,376
445
1,931
Eastern Europe (Soviet-bloc)
Canada
_ _ __
Latin American Republics
200
6,552
4,180
199
7,095
4,074
57
1,562
1,044
46
1,627
1,018
36
1,652
1,062
61
1,705
1,056
71
1,791
1,057
46
1,766
1,021
38
1,766
1,029
44
1,770
969
56
1,941
1,071
Japan _ _ __ _
Australia, New Zealand & So. Africa. _
All other countries
2,340
1,141
5,184
2,673
1,274
5,486
517
275
1,235
591
272
1,237
604
292
1,308
631
302
1,402
620
338
1,448
685
317
1,401
695
306
1,332
671
313
1,303
687
337
1,456
AGRICULTURAL
GLOBAL, all countries
Developed countries, total
Developing countries, total
6,964
4,479
2,485
6,453
3,976
2,477
1,700
1,106
594
1,713
1,148
565
1,816
1,175
641
1,735
1,061
674
1,648
978
670
1,658
1,021
637
1,610
999
611
1,537
978
559
1,679
956
723
Western Europe, total
United Kingdom
Other Western Europe
2,874
497
2,377
2,511
438
2,073
752
132
620
709
116
593
741
124
617
674
124
550
620
111
509
636
119
517
629
112
517
624
100
524
579
101
478
136
551
490
109
527
486
43
146
120
30
155
114
21
135
126
42
118
126
50
136
135
27
129
110
14
130
132
18
132
111
33
134
115
Japan
_
951
Australia, New Zealand & So. Africa. . 103
All other countries
1,859
869
69
1,882
181
27
431
261
23
421
275
24
494
240
29
506
200
22
485
237
19
500
228
12
465
206
16
430
225
18
575
Eastern Europe (Soviet-bloc).
Canada
Latin American Republics
_
NONAGRICULTURAL
GLOBAL, all countries
_ _
Developed countries, total
Developing countries, total
22,212
15, 133
7,079
24,015
16, 733
7,282
5,488
3,746
1,742
5,466
3,730
1,736
5,553
3,788
1,765
5,705
3,860
1,845
6,013
4,107
1,906
6,045
4,214
1,831
6,016
4, 228
1,788
5,941
4,184
1,757
6,245
4,385
1,860
Western Europe, total _
United Kingdom
Other Western Europe
6, 705
1,259
5,446
7,156
1,426
5,730
1,746
331
1,415
1,679
322
1,357
1,674
319
1,355
1,609
291
1, 318
1,716
327
1,389
1,831
378
1, 453
1,831
388
1,443
1,784
336
1,448
1,797
344
1,453
Eastern Europe (Soviet-bloc).—
Canada _
Latin American Republics . .
64
6,001
3,690
90
6,568
3,588
14
1,416
924
16
1,472
904
15
1,517
936
19
1,587
930
21
1,655
922
19
1,637
911
24
1,636
897
26
1,638
858
23
1,807
956
Japan_
_
1,389
Australia, New Zealand & So. Africa. . 1,038
All other countries
3,325
1,804
1,205
3,604
336
248
804
330
249
816
329
268
814
391
273
896
420
316
963
448
298
901
467
294
867
465
297
873
462
319
881
1. Balance of payments basis.
* Preliminary
NOTE: Seasonally adjusted quarterly data may not add to unadjusted yearly total.
June 1968
for the effects of the dockworkers'
strike. A comparison of January-April
data for 1967 and 1968 eliminates the
effect of the New York dock strike and
indicates that substantial increases in
chemicals, some types of industrial and
business machines, and lumber were
largely offset by declines in nonferrous
metals, construction machinery, steel,
and locomotives. AID-financed shipments were unusually high in the first
quarter of 1967 and included large
transfers of steel and locomotives.
Among the major industrial countries, only Canada accounted for a
significant increase in nonagricultural
exports (exclusive, of aircraft and automotive equipment). Shipments to
Japan, the United Kingdom, and other
Western European countries were close
to or even below fourth quarter 1967
levels. Shipments to Latin America
rose almost 10 percent in the first
quarter, but those to other lessdeveloped countries did not change.
The unsatisfactory performance of
U.S. exports since mid-1967 is apparent
when percentage changes in nonagricultural exports (exclusive of aircraft,
automotive equipment to Canada, and
adverse effects of strikes) are compared with percentage changes in production of foreign industrial countries
(chart 13). Through the first half of
1967, U.S. exports generally changed
(from the corresponding period in the
preceding year) at about the same rate
as the value of foreign industrial production. However, from the second
half of 1966 to the second half of 1967,
exports rose only 3 percent while
foreign industrial production increased
6 percent; from the first quarter 1967
to the first quarter of this year, exports
rose only 2 percent while foreign industrial production expanded 8.5
percent.
The slowdown in export growth
may be attributed to several factors:
(1) A rise in U.S. exports of capital
equipment may have been delayed
because the rate of European capacity
utilization is still relatively low. The
need for an expansion of industrial
capacity has not yet become pressing,
although European industrial production started to expand again toward the
end of 1967.
June 1968
SURVEY OF CURRENT BUSINESS
23
(2) The U.S. competitive position
vis-a-vis foreign industrial countries
may have deteriorated because of a
faster rise in costs of production in the
U.S. than abroad and because of improvements in technological capabilities
of foreign producers.
(3) The rapid increase in domestic
demand may have reduced incentives
to expand exports.
(4) Some export sales may have been
delayed pending the Kennedy Round
tariff cuts. These reductions are scheduled to become effective on July 1;
during the early months of the year,
proposals to move that date forward
were considered.
(5) Reduced private U.S. direct investment under the past voluntary and
present mandatory programs may have
had some adverse effects on sales of
U.S. goods abroad.
some months before they return to of capacity utilization in manufacturing
normal.
industries was 90 percent, the highest
After imports are adjusted for special level since 1955, and bottlenecks
factors, such as those indicated above, emerged in several industries. At that
there appears to have been a relatively time, imports (after similar adjustclose relationship between percentage ments) rose about 15 percent. In late
changes in import values and in GNP. 1967 and early 1968, on the other hand,
As the chart indicates, however, the manufacturing capacity utilization had
percentage increases over the cor- dropped to the much lower rate of 84
responding period in the preceding year percent, about the same as at the end
have been more pronounced in imports of 1963.
than in GNP when GNP has increased
Irnports of building materials rose
more than 5 to 6 percent. Below this $40 million or 20 percent from the
rate, imports have risen relatively less fourth quarter. This rise reflected the
than GNP; when GNP has increased sharp increase in domestic building acless than about 4 percent, imports have tivity during 1967 and the continued
declined.
high level in the first quarter of this
In the first quarter of 1968, GNP in- year. Imports of machinery rose $60
creased 8 percent from the first quarter million or 11 percent, imports of auto1967, and imports rose 11 percent motive equipment produced in Europe
(after adjustment for effects of strikes and Japan about $60 million or over 20
and of imports of Canadian automotive percent, and those of nondurable conequipment). This relationship was sumer goods about $100 million or
Merchandise imports
about the same as in most other recent nearly 25 percent. Table D shows a
Merchandise imports, after seasonal periods when GNP rose at this rate selection of commodity groups whose
adjustment, rose $680 million to $7,840 (chart 14). The exception was in the imports have risen more than average
million in the first quarter. This increase second half of 1966, when the U.S. rate over the last year.
compares with the $620 million rise in
the fourth quarter of last year, when
imports resumed an upward movement
CHART 13
after having declined slightly during
earlier quarters of 1967. The brief
Percent Change in U.S. Nonagricultural Exports vs. Percent Change in
strike by New York dockworkers in
Value of Industrial Production in Major Foreign Industrial Countries
late March 1968 apparently reduced
Percent
imports only a small amount.
20
Although a large part of the first
quarter rise in imports reflected the
U.S. Nonagricultural Exports1
rapid increase in U.S. demand, nearly
half of the advance may be attributed
to other factors. Imports of automobiles
from Canada under the U.S.-Canadian
automotive trade agreement rose nearly
$100 million. Imports of copper and
other nonferrous metals increased $225
million and imports of steel rose $70
million. Most of those increases—perhaps close to $200 million—could be -10
attributed to the 9-month domestic
copper strike, which did not end until
the latter part of March, and to strikehedge buying of foreign steel. The un- -20
. I 1 I , I , I , I , I , I 1 I
1958
59
60
61
62
63
64
65
66
settled conditions in copper and steel
Half Years
had already led to increased imports in
Percent Change From Corresponding Period 1 Year Earlier
the fourth quarter so that the total of
U.S.
nonagricultural
exports
adjusted
to
exclude
automotive
shipments to Canada, aircraft, and temporary effects of U.S. strikes.
such extraordinary imports in the first
Changes in industrial production times wholesale prices in Canada, Japan, United Kingdom, Germany, France, Italy, and the
quarter may have been $250 million Netherlands, weighted by percentage share of these countries in U.S. exports.
to $300 million. Imports of copper con- *First quarter 1968 compared with first quarter 1967.
tinued to rise in April, and it may be
1
2
U.S. Department of Commerce, Office of Business Economics
I
1
67
68*
SURVEY OF CURRENT BUSINESS
24
Table D.—Selected Import Categories With.
More Than Average Rates of Increase
Income on investment
Income on U.S. direct investment
abroad declined about $185 million,
after seasonal adjustment, from an
unusually high fourth quarter. In
both the third and fourth quarters,
incomes had reflected higher oil profits
resulting from the Suez crisis. In the
fourth quarter, about $130 million in
special dividends, representing distributions of earnings in prior years, were
reported in the United Kingdom and
the European Economic Community.
Despite the decline from the fourth
quarter, incomes were about $90 million
or 9 percent higher than a year earlier.
About $35 million of this rise was from
Canada, about $20 million from the
Latin America Republics and the other
Western Hemisphere countries, and
about $30 million from Asia and Africa
(mostly the oil-producing countries).
Incomes from Europe were about the
same as a year ago. Other private
investment incomes rose nearly $20
million from the fourth quarter, mainly
as a result of higher interest rates
Value in
Jan.-April,
1968
(millions of
dollars)
Description
Fruits, nuts, and preparationsWhiskey and alcoholic beverages
Manmade yarns and filaments.
Building materials, excl.
metals
Iron and steel mill products. _ _
Aluminum
Copper .
Tires and tubes. .
Electrical machinery
..
Construction and specialized
industry machinery
Other nonelectrical machinery, excl. machine tools and
metalworking machinery
Civilian aircraft
Passenger cars, excl. imports
from Canada
Automotive parts and engines, excl. imports from
Canada
Consumer textile products,
excl. rugs
Leather goods
_
Other nondurable consumer
goods
.
Durable consumer goods
.
Gem diamonds, uncut or
unset
Percent
increase,
Jan.-April,
1968 from
Jan.-April,
1967
148.6
18.9
165 5
49.7
20 9
82.1
295 9
594.4
33 3
41.0
128 8
416.0
41.8
218.6
46 5
152 4
101.9
20.8
141.2
20.0
154.2
35 2
21.0
88 2
451.1
46.7
56.3
40.4
232 5
19 4
113.4
50.4
263.2
725. 2
45.2
10.5
143 9
23 3
charged on short-term claims on
foreigners.
Income on U.S. Government assets
CHART 14
Percent Change in Imports vs. Percent Change in GNP
Percent
-10
,
1958
I
I
59
I
.
I
60
I
61
I
I
62
I
I
63
I
I
64
I
I
65
Half Years
Percent Change From Corresponding Period 1 Year Earlier
1
U,S, imports adjusted to exclude automotive shipments from Canada and temporary effects of U.S. strikes.
*First quarter 1968 compared with first quarter 1967.
U.S. Department of Commerce, Office of Business Economics
I
I
I
I
66
67
68
:
June 1968
abroad rose about $45 million or nearly
30 percent, seasonally adjusted. A large
part of the rise represented interest on
foreign exchange holdings, which form
a part of the official reserve assets.
Income paid on U.S. liabilities to
foreigners rose about $50 million in the
first quarter. The higher figure reflected
mainly increased interest rates on
deposits and other short-term liabilities.
Government Grants and
Capital Transactions
U.S. Government nonmilitary grants
and capital transfers, after seasonal
adjustment, rose $245 million to reach
$1,510 million in the first quarter. Before
seasonal adjustment, the increase was
$165 million, of which $90 million was
under the farm products disposal program and $60 million in Export-Import
Bank loans, which have risen to over
$400 million. Such loans included about
$100 million to finance exports of commercial jet aircraft and about $100
million to finance exports of military
equipment. Grants and credits under
the Foreign Assistance Act remained
about the same as in the preceding three
quarters.
Of total grants and capital transfers
of $1,450 million (before seasonal adjustment), about $150 million was
transferred to foreign countries and
international organizations in cash;
the remainder was transferred mainly
in the form of goods and services,
and a small part was used to pay
off earlier credits. The relatively large
increase in scheduled loan repayments
included a major collection on a loan
to a Canadian enterprise and the
refinancing of overdue principal collections from one of the less developed
countries in the Eastern Hemisphere.
U.S. Government liabilities associated with military sales contracts
decreased slightly in the first quarter.
Cash collections from foreign governments and from credit disbursements
for military sales were $310 million
and were largely offset by transfers
of goods and services.
Foreign holdings of nonmarketable
and nonconvertible medium-term U.S.
Government securities not associated
with specific transactions increased
June 1968
SURVEY OF CURRENT BUSINESS
25
Capital outflows to other countries in
U.S. oil companies to Libya in the
first quarter. Another $90 million was the Eastern Hemisphere, mainly the
paid early in the second quarter. In developed countries and the oil-produc1967, such tax payments amounted to ing countries (excluding the Libyan tax
$300 million, all of which was trans- payments) dropped from about $170
ferred in the first quarter, but in pre- million to about $90 million. In conceding years, such payments occurred trast, investments in Latin America and
the Caribbean remained unchanged, but
in the second quarter.
Since details by area are not season- a $60 million increase was reported for
ally adjusted, the effects of recent de- investments in international shipping
Private Capital Transactions
velopments, including the imposition corporations organized in "flag of conAs indicated earlier, private capital of mandatory controls on capital out- venience" countries. Investments in
transactions in the first quarter were flows for direct investments and eco- Canada declined from $64 million to
dominated by large changes that not nomic and financial developments in the $14 million. However, on March 7 it
only offset the unfavorable develop- United States and abroad, can be was announced that Canada is exempt
ments affecting transactions in goods judged only by comparing the first from the restrictions in capital outflows
and services but also led to a con- quarter 1968 data with those for the imposed by the program.
siderable improvement in the overall corresponding period last year.
balance. Omitting the special financial
Capital outflows to continental west- Funds obtained abroad
transactions enumerated in table B ern Europe, which are most restricted
and changes in liquid liabilities to all under the mandatory program, deNew issues of securities sold abroad
foreign residents, capital transactions clined from about $270 million in the by U.S. corporations through specially
shifted by about $1.3 billion, from first quarter of 1967 to about $250 organized subsidiaries incorporated in
net debits of about $940 million in million in the first quarter of this year. the United States or by the U.S. parent
the fourth quarter of 1967 to net Direct investment transactions with companies themselves amounted to
credits of about $390 million in the the United Kingdom in these periods over $500 million (table E). This comfirst quarter of this year. The net shifted from a $40 million outflow to a. pares with a quarterly average of about
credit balance must be considered $15 million inflow.
$100 million in 1967. The sharp first
exceptional, however, since it cannot
These figures include the use of funds quarter rise was induced by the new
be expected to endure over a longer that had been borrowed abroad through restrictions on capital outflows. Most of
period.
the issue of bonds and other long term these issues are denominated in U.S.
obligations. The geographic distribution dollars, and most of the bonds issued in
Direct investments abroad
of the use of these funds is not available, the first quarter are convertible into
but
assuming that all of those borrowed stocks of the parent companies.
Changes in foreign assets and liabilNew issues slackened somewhat in
in
Europe
were used there, the net
ities of U.S. nonfinancial corporations
outflow
to
Europe
in
the
first
quarter
of
March,
when the disturbances in the
resulted in net capital outflows of
the
international
financial markets were
this
year
would
have
been
about
$20
about $100 million in the first quarter
at
a
peak,
but
sales
in April and May
million,
as
compared
with
about
$130
of 1968 as compared with $1,200
million
in
the
first
quarter
of
last
year.
were
at
an
even
higher
rate than in the
million in the preceding quarter (table
E). The very large decline reflects exceptionally high outflows in the latter
Liabilities of U.S. Corporations (excluding banking and
period. However the first quarter 1968 Table E.—Foreign Assets and
brokerage claims and liabilities)
outflow was also significantly less than
[Millions of dollars, seasonally adjusted]
the average of $530 million in the first
three quarters of 1967.
1968
1967
Credits (+); debits (-)
1966
Outflows of U.S. capital for direct
I
Year
IV
I
II
III
investments abroad—after adjustment
for seasonal variations—amounted to Direct investments
• -468
-815
-3, 623
-3, 020
-651
-902
-653
about $470 million, approximately $350 Other corporate claims:
million less than in the fourth quarter
42
Long-term
—112
—170
-93
42
—289
—68
-265
-441
Short-term *
25
-325
-44
145
—315
of last year and nearly $300 million
less than the quarterly average in 1967. Corporate liabilities:
513
New issues of securities
117
594
92
99
138
446
Before seasonal adjustment, the first
Other corporate liabilities:
quarter outflow was just over $700
125
3
Long-term
-24
180
125
-15
89
-59
18
Short-term 1 ..
45
279
59
156
278
million.
-112
—3, 007
—556
-1,211
-2,811
—489
-556
The seasonal adjustment reflects pri- Total
marily a $260 million tax payment by
1. Excludes claims and liabilities reported by U.S. brokers.
$273 million. Included were a German
purchase of a $125 million note, the
third quarterly installment under the
military expenditure offset agreement;
a purchase of $50 million of ExportImport Bank portfolio participation
certificates; and net purchases of $100
million of U.S. obligations by Canada.
306-294 O - 68 - 4
SURVEY OF CURRENT BUSINESS
26
first quarter. Even though total sales
of securities by U.S. corporations in the
Euro-bond markets have been five
times as high in the first quarter of this
year as the quarterly average of last
year, the cost of borrowing has declined.
In 1967, the yield on the offering
price was between 6.1 and 7 percent,
on straight debt bonds issued by U.S.
corporations and between 4.6 and 5.75
percent on convertible securities. In
the first half of 1968, the yield on the
offering price of straight debt issues
rose as high as 7.5 percent, but that
on convertible bonds fluctuated around
5 percent for most issues and only in
exceptional cases moved up as high as
5.5 percent. Despite the increase in the
yield on straight debt issues, the shift
from predominantly straight debt issues
in 1967 to predominantly convertible
issues in 1968 reduced the average
interest cost to the borrower. The
decline in the cost of borrowing abroad
relative to the cost of raising capital
in the United States might have
increased the use of foreign funds by
U.S. corporations for foreign investments even if the use of U.S. funds for
such investments had not been restricted by the recent regulation.
The sharp increase in new security
issues in the European financial market
has been facilitated by the rapid
increase in the size of that market. In
1964, total sales of securities on the
international capital market in Europe
were just under $1 billion. By 1967,
they had risen to about $2.2 billion, and
in the first quarter of this year, to over
$800 million, or an annual rate of $3.3
billion.
The fast expansion of the Euro-bond
market may be attributed partly to
restrictions on capital outflows from the
United States, beginning with the
Interest Equalization Tax imposed in
1963. It also reflects the activities of
U.S. investment banks, which helped
in the development of an international
capital market abroad.
Furthermore, with business activity
in Europe in 1967 relatively slack,
European domestic demand for capital
may not have absorbed all of the available savings. This year, the supply of
capital was also increased by deliberate
policies of foreign governments and
central banks designed to stimulate a
more rapid rate of growth. However,
some of the funds that are invested in
the securities issued on the Euro-bond
market may originate outside of
Europe. Some of these funds may
come directly or indirectly from the
United States, particularly if foreign
residents sell some of their holdings of
U.S. securities to U.S. residents in
order to purchase the new convertible
bonds. To some extent, purchases of
these securities may take the place of
purchases of U.S. stocks in the U.S.
market.
In addition to the $500 million of
Table F.—Sources and Uses of Funds Obtained Abroad by U.S. Corporations Through the
Issue of New Securities to Finance Direct Investments Abroad 1
[Millions of dollars]
Tables
!»2,
and 8.
Line
Credits (+); debits (-)
1967
1965
1966
1968
1967
III
II
I
IV
I
June 1968
foreign funds obtained through bond
issues, U.S. corporations obtained
about $125 million through loans with
a maturity of 1 year or more, about
the same amount as in the first quarter
of 1967.
The funds transferred to U.S. corporations in exchange for the newly
issued bonds or through loans are either
invested in the foreign affiliates of these
corporations or, pending such investments, in foreign bank deposits. These
operations merely transfer dollar or
foreign currency funds among foreign
residents (including the foreign affiliates
of U.S. corporations or of U.S. banks).
However, the transfer of such funds to
the foreign affiliates reduces the outflow
of capital from the United States and
thus reduces the increase in foreign
dollar holdings. To that extent, the
the U.S. balance of payments is more
favorable than it would have been if
such capital had not been obtained
abroad. In the first quarter, the transfer
to foreign affiliates of funds that had
been borrowed abroad through bond
issues in that and earlier periods
amounted to about $90 million, and
about $395 million was added to U.S.
holdings of foreign bank balances or
other short-term assets. Another $30
million was used to pay off short-term
liabilities to foreigners (table F).
Total short-term assets reported by
nonfinancial corporations increased
about $265 million in the first quarter.
Thus, about $130 million of such assets
were liquidated. This may have been
done in response to the requirements
under the new mandatory program that
short-term financial assets held abroad
by nonfinancial U.S. corporations
should not exceed the average held
abroad during 1965 and 1966. In
addition, U.S. corporations liquidated
about $40 million of their long-term
foreign claims.
Sources of funds:
52
Transactions in TJ.S. Securities other than
Treasury issues.
_
191
594
446
92
99
138
117
513
-52
-445
-278
-77
-61
-59
-81
-88
-139
-143
-96
-15
-4
-60
-17
-394
-34
-19
-19
-31
Uses of funds:
33
40
(2)
59
Direct investments
Short-term claims reported by U.S. residents
other than banks _
Other payments to foreign residents
Foreign deposits and money market paper
held in the United States
-72
-6
1. Excludes securities issued by subsidiaries incorporated abroad and also excludes funds obtained abroad by U. S. corporations through bank loans and other credits.
2. Mainly repayments of liabilities (lines 54 and 55).
Direct investments
States
in the
United
Foreign direct investments in the
United States included purchases by a
foreign company of $210 million in
stocks newly issued by its U.S. subsidiary. This inflow of funds must, however, be considered a special transaction
June 1968
SURVEY OF CURRENT BUSINESS
27
rather than a measure of the trend in
foreign direct investments here. Nevertheless, revised figures for 1967 and
earlier years indicate that such investments here are increasing.
in bonds from a financing subsidiary of U.S. stocks declined from $155 milof a U.S. corporation (organized in the lion in January to $80 million in
Caribbean area) for resale in other February and $45 million in March.
countries, mainly in Europe. Other net
Although the decline in foreign purpurchases of foreign securities were chases of U.S. securities may have been
mainly from Canada and the United influenced by the improvement in the
Banking transactions
Kingdom.
business outlook abroad, it may also
Although
purchases
of
outstanding
reflect
a partial offset to the sharp rise
U.S. banks reported net capital insecurities
originally
issued
by
other
in
foreign
purchases of newly issued
flows of $365 million (after seasonal
advanced
countries
are
subject
to
the
U.S.
bonds
The foreign demand for all
adjustment) resulting from a reduction
Interest
Equalization
Tax,
the
balance
U.S.
securities,
both outstanding and
in foreign assets held for themselves and
of
transactions
in
such
securities
newly
issued
(excluding
the special
for domestic customers. About half of
changed
around
the
middle
of
last
year
transactions
with
the
United
Kingdom
the reduction was in outstanding long
from
net
liquidations
and
capital
inflows
and
with
international
organizations),
term bank loans. In the preceding quarter, banks reported net capital inflows to net purchases and capital outflows. shows steadily rising amounts of net
of $100 million, and for 1967 as a whole, Outflows continued in the first quarter. foreign purchases—from about $170
Net transactions in domestic securi- million in the first quarter of 1967 to
net capital outflows of about $460
ties
(other than those issued by U.S. $190 million in the second, $440 million
million. Although the large increase in
corporations
to finance their foreign in the third, $550 million in the fourth,
capital inflows reported by banks may
investments
and
purchases and sales of and $730 million in the first quarter of
be attributed partly to the guidelines
foreign
official
and
international agen- this year.
established early this year under the
cies,
shown
in
table
B) resulted in net
intensified program to improve the
capital
inflows
of
$220
million (table
balance of payments, it may also reflect
Technical Note
G).
This
was
a
large
decline
from net
the tightening in the domestic credit
inflows of $440 million in the last quarmarket.
The balance of payments tables pubThe decline in bank-reported assets ter of 1967 and of $300 million in the lished in this issue have been revised to
in Europe accounted for about $230 third quarter. Transactions in outstand- incorporate new information for 1960million of the $420 million total before ing bonds changed to net foreign sales 67.
seasonal adjustment. In addition, there of about $60 million from net foreign
Merchandise exports and imports
was a decline of nearly $100 million in purchases of a nearly equal amount in (lines 3 and 15, tables 1, 2, and 8) have
assets held in Canada and $130 million the previous quarter. Transactions in been adjusted to include the trade of the
decline in assets held in Latin America. U.S. stocks continued to result in net U.S. Virgin Islands with the rest of the
capital inflows, but the amounts world. The Virgin Islands are considered
dropped
from $380 million in the fourth part of the United States for balance-ofTransactions in securities
quarter of last year to $280 million in payments purposes. These additions
Net purchases of newly issued and the first quarter. Furthermore, within
outstanding foreign securities amounted the first quarter, net foreign purchases
(Text continued on page 52}
to about $400 million, after seasonal
adjustment, as compared with about
$330 million in the preceding quarter.
Purchases of newly issued securities
were $380 million, of which $240 million
other than Treasury Issues—Increase in foreign
were sold by Canada, about $85 million Table G.—Transactions in U.S. Securities
assets (+)
by international organizations, and the
[Millions of dollars]
remainder mainly by less developed
1967
1968
countries. None of these security purTables 1, 2, and 8, Line 52
1966
1967
chases were subject to the Interest
I
III
I
II
IV
Equalization Tax.
34
Total _
520
695
329
909
1016
133
Purchases of outstanding securities
Issues of new securities sold abroad by U.S. corporations to
included $35 million of IBKD bonds
138
513
finance direct investments abroad
99
117
594
446
92
sold by a foreign government to Investment by international and regional organizations in non-11
67
-38
guaranteed U.S. Government agency bonds
' .
244
121
-6
71
strengthen its foreign exchange reserves.
Liquidation of U.S. securities other than Treasury issues by
Other transactions in foreign securities
10
-101
-507
United Kingdom (Government and private)
-28
71
-453
0)
amounted to net purchases of $90 Other transactions _ _ _ _ _ _ _ _ _ _
220
305
435
172
903
75
88
2
8
-59
Bonds
22
56
—48
88
million. The area breakdown shows net
( ) 279
379
Stocks
220
283
815
73
80
purchases of about $70 million in Latin
1. Liquidation of U.S. securities other than Treasury issues by United Kingdom Government was completed in fourth
America. This figure includes purchases quarter
1967.
2. Excludes $210 million of stocks purchased by a foreign corporation from its U.S. subsidiary. This transaction is included
by U.S. securities dealers of $50. million among foreign direct investments in the United States (tables 1, 2, and 8, line 51).
2
28
SURVEY OF CUEEENT BUSINESS
June 1968
Table 1.—U.S. International Transactions
[Millions of dollars]
Line
Credits (+); debits (-)
1946
1 Exports of goods and services-.---
2
___ _
Excluding transfers under military grants . _
1947
1949
1948
1953
1952
1951
1950
14 804
14 735
19 834
19 737
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 ss
69
1 383
16, 015
13 193
n ss
448
1 317
12, 149
n ss
211
1 238
10, 117
n ss
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
419
126
387
132
473
129
429
152
550
130
471
206
574
128
491
173
1,294
190
109
1,492
192
198
1,419
205
204
1,442
216
252
3
4
5
6
Merchandise, adjusted, excluding military 1
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
271
64
407
131
364
77
371
70
334
83
422
100
392
100
364
132
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
—6,991
-8,208
-10,349
—9, 621
—12, 028
-15,073
-15,766
-16,561
—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
—462
-190
-102
-573
—195
—178
-631
-219
—211
-700
—153
-235
-754
-153
-250
-757
-202
-254
-840
-221
-277
-929
-245
-240
—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
511
-2,238
156
-305
-2,095
-1,265
-1,048
-1,160
-735
-270
138
223
14
_._
_
mports of goods and services
_ _
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
21
22
Income on foreign investments in the United States:
Private payments 2
U S Government payments
__ _
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
Oth er U S Government grants *
U S Government pensions and other transfers
__.
- -
---
n ss
97
1 738
31
Balance on goods, services, and unilateral transfers (line 23 and 25, or 24 and
26).s
4,822
8,904
1,915
32
Transactions in U.S. private assets, net ; increase in assets ( — )
-413
-987
-906
2
33
34
35
36
Direct in vestments
_
Foreign securities newly issued in the United States _ _
Redemptions _ _
Other transactions in foreign securities
37
38
Claims reported by U.S. banks: *
Long-term, _
_
Short-term
39
40
Claims reported by U.S. residents other than banks: 1
Long-term
Short-term
41
Loans a n d other long-term assets *
Foreign currencies and other assets *
44
45
Repayments on credits:
Scheduled
Nonscheduled
- _
47
48
49
50
-
-
_
-
-660
-118
103
42
-621
-254
301
-322
-508
-491
113
25
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
-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
OQK
OAK
429
487
-266
1,758
-33
-415
1,256
-164
1,743
-53
-379
1,161
\
_ _ _
-3,315
-623
—623
Gold tranche position in IMF
4
-985
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+).
2
—2, 162
—1,153
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term.
_ _
_
Short-term
60
-721
-150
62
-7
Gold *
Direct investments
_
U.S. securities other than Treasury issues
Long-term liabilities reported by U S. banks
58
59
-749
-396
295
137
Transactions in U.S. official reserve assets, net; increase in assets (— )
51
52
53
56
57
-230
-85
308
—131
•__ .
_ _ _ _ _ _ _ _
__ _
-4
-338
(*)
t
1
-1,736
-1,530
-206
-1,327
558
10
-100
4
34
-192
-4
-12
6
-10
-24
174
-11
-33
U.S. Treasury marketable or convertible bonds and notes * 1
Deposits and money market paper held in the United States __ _ _ _ _
n.a
-370
n.a
-895
n.a
919
n.a
130
949
1,193
786
p Preliminary.
*Less than $500,000(±).
N.a. Not available.
1. Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5;
for lines 37 through 40, in table 6; and for lines 5$ and 59, in table 7.
2. Excludes undistributed profits of subsidiaries.
218
2C
1,912
581
(*)
-340
Errors and omissions, net
15
56
74
(*)
-269
-165
-43
-37
-102
Liabilities of U.S. Government, excluding marketable or convertible se
curities: *
Associated with specific transactions
_
-383
-852
-286
66
133
.
Transactions in U.S. Government assets, excluding official reserve assets, net;
increase in assets. (— )
42
43
46
_ __
-553
-42
1,673
90
126
132
37
•]
—5
36
-11
35
44
77
300
941
79(
80
— rt
(*)
95
-36
1,074
158
70
(*)
(*)
—14
-158
-68
-659
70(
302
1,319
-82
1,010
500
627
366
x
-1
3. Numerically equal to net foreign investment in U.S. national income and product
4. Reflects $259 mimon-payment of gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
Source: U.S. Department of Commerce, Ofiice of Business Economics.
SURVEY OF CURRENT BUSINESS
June 1968
29
Table l.<—U.S. International Transactions—Continued
[Millions of dollars]
1954
1955
1956
1957
1958
1959
1961
1960
1962
1963
1964
1966
1965
1967
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
30,074
28,609
31,882
30,343
33,994
32,432
38,437
37,098
40,824
39, 196
44, 144
43,142
46,661
45,756
1
2
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, 487
335
1,765
1,782
19, 944
402
1,465
1,805
20,606
656
1,539
1,965
22, 071
657
1,562
2,115
25,297
747
1,340
2,324
26, 244
830
1,628
2,413
29, 176
829
1,002
2,608
30, 468
1,240
905
2,701
3
4
5
6
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
898
153
947
463
941
164
957
580
964
195
1,015
660
1,029
236
1,207
756
1,114
265
1,380
924
1,227
285
1,590
1,030
1,331
326
1,646
1,140
1,367
336
7
8
9
10
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
348
2,768
793
381
3,044
904
471
3,129
1,022
498
3,674
1,256
456
3,963
1,421
509
4,045
1,614
593
4,518
1,717
624
11
12
13
-15,931
-17,795
-19,628
--20,752
-20,861
-23,342
-23,355
-23,151
-25,358
-26,620
-28,688
-32,295
-38,063
-40,989
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, 744
-3, 087
-1,915
-14, 522
-2,998
-1,943
-16, 219
-3, 105
-2, 128
-17, 014
-2, 961
-2,316
-18, 648
-2, 876
-2, 462
-21, 516
-2,945
-2, 679
-25, 541
3,735
-2,923
-26,991
-4,340
-2,982
15
16
17
-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
-445
-447
-2, 211
-500
-535
-2,438
-439
-550
-2, 657
-490
-642
-3, 195
-501
-688
18
19
20
-361
-59
-395
-94
-414
-154
-438
-201
-530
-139
-547
-281
-731
-332
-729
-278
-771
-339
-924
-401
-1,003
-453
-1,241
-488
-1, 525
-549
-1,695
-598
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
5,735
3,970
6,923
5,458
6,524
4,985
7,374
5,812
9,749
8,409
8,529
6,901
6,082
5,080
5,673
4,768
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
-4,043
-2,578
-4,236
-2,697
-4,370
-2,808
-4,124
-2,784
-4,463
-2,835
-3,927
-2,925
-3,981
-3,076
25
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
-489
-1,465
-1,853
-235
-534
-1, 539
-1, 919
-245
-629
-1, 562
-1,917
-262
-617
-1,340
-1,888
-279
-658
-1, 628
-1,808
-369
-648
-1, 002
-1, 910
-367
-835
-905
-1, 800
-441
27
28
29
30
-452
-489
1,544
3,384
-155
-2,301
1,609
2,880
2,288
3,004
5,625
4,066
2,155
1,692
31
-1,622
-1,255
-3,071
-3,577
-2,936
-2,375
-3,878
-4, 180
-3,426
-4,459
-6,578
-3,794
-4,298
-5,504
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
-554
201
-309
-1, 598
-523
148
-387
-1,654
-1,076
203
-96
-1,976
-1,250
195
-50
-2, 328
-1,063
192
194
-3, 468
-1,206
222
225
-3,623
-1,210
406
323
-3,020
-1,619
469
-116
33
34
35
36
-102
-488
-226
-162
-166
-386
-349
-256
-152
-351
-181
-57
-153
-995
-136
-1, 125
-126
-324
-755
-781
-941
-1, 524
-232
325
337
-84
285
-744
37
38
-12
-147
-35
-29
-16
-131
-40
-20
-42
40
-77
-20
-40
-354
-127
-431
-132
-222
162
-4
-485
-623
-88
428
-112
-334
-289
-470
39
40
93
-310
-629
-958
-971
-353
-1,104
-926
-1,094
-1,661
-1,676
-1,562
-1,534
-2,411
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, 201
-447
-2,375
-19
-2,454
20
-2, 501
-265
-3,544
153
42
43
507
416
479
659
620
434
583
54
579
695
599
680
661
326
594
123
651
221
803
429
975
6
44
45
480
182
-869
-1,165
2,292
1,035
2,145
606
1,533
377
171
1,222
568
52
46
298
41
-306
-798
2,275
1,075
1,703
141
-563
-367
17
-40
442
890
17
626
461
U3
29
125
220
266
1,665
182
857
jjg
-135
-94
571
—540
537
1,170
—1 024
—94
47
48
49
1,310
1,357
2,457
1,132
1,259
3,571
2,120
2,467
1,697
2,983
3,318
383
3,320
6,704
50
197
181
232
323
-2
155
237
9
98
-8
238
449i
141
282
6
73
324
-5
132
134
5
-5
282
62
-5
-84
237
57
-357
203
86
909
981
250
1,016
989
51
52
53
12
-79
40
62
-2
94
-17
106
23
12
1
-91
50
176
3
-112
-13
-23
-38
113
29
149
180
296
89
388
54
55
-14
-40
52
7
15
26
85
614
251
443
—56
489
—23
197
—7
129
—49
-16
469
56
57
8
1,053
529
531
-135
1,977
-52
639
31
1,042
686
2,149
126
1,630
512
1,253
-728
1,399
1,374
919
39
2,590
46
67
-1,561
2,350
412
3,107
58
59
191
515
568
1,184
511
423
-892
-847
-997
-244
-860
-315
-210
-532
60
124
141
1
8
-25
(*)
(*)
544 /
\
(*)
JJ4Q
SURVEY OF CUEEENT BUSINESS
30
June 1968
Table 1.—U.S. International Transactions—Continued
[Millions of dollars]
Credits (+); debits (-)
I
1 Exports of goods and services
2
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
Imports of goods and services
_ _ .
_
Merchandise, adjusted, excluding military *
Military expenditures. _
Transportation _ __ _
18
19
20
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
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.
__ __ .
_
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24and26)3_
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
Redemptions __
_ ._
Other transactions in foreign securities
__ .
37
38
Claims reported by U.S. banks: 1
T^nng-term
Short-term
39
40
Claims reported by U.S. residents other than banks: 1
Long-term
Short-term
44
45
Repayments on credits:
Scheduled
Nonscheduled
46
47
48
49
50
I
II
ll!
:__.
Transactions in U.S. official reserve assets, net; increase in assets (— )
Gold*
Convertible currencies
Gold tranche position in IMF *
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+).
7 283
6 959
7 640
7,097
7 059
6 812
8 093
7,742
7,514
7,124
8,570
7,944
7,449
7,231
8,348
8,043
4 624
58
443
424
5,013
4,698
5 152
5,023
4,927
5,313
5,017
5, 462
4,920
5,207
85
418
438
71
324
416
150
543
464
4,681
69
282
462
89
247
456
93
351
470
96
390
465
228
626
494
127
218
501
206
305
505
183
84
225
36
245
90
221
36
299
98
228
43
192
131
225
39
188
101
232
40
260
103
243
41
299
114
231
41
200
145
235
43
206
121
241
44
279
143
241
48
284
147
240
52
188
170
242
52
518
147
59
564
157
57
520
160
88
753
183
145
640
184
65
621
197
91
642
197
61
864
216
164
643
219
72
699
224
126
645-
1,057
122
622
457
235
182
—769
-530
—801
—538
—737
—421
—786
—414
—781
-547
-705
-545
-727
-438
-770
-457
-763
-598
-761
-561
-810
-511
—281
—107
—471
-110
-298
-112
—668
—134
—110
—284
—110
—463
—114
-509
-108
—88
-77
-91
-82
-75
-745
-124
-143
-387
-117
—69
-678
—134
-150
-360
-133
-70
—330
—131
—64
—180
—101
—183
—174
—195
—175
-171
-206
-189
-189
-179
-215
—68
-69
—178
—77
-65
-68
-76
-80
-84
-86
-90
1,027
1,501
886
604
2,321
1,903
1,954
1,630
1,952
1,409
919
672
2,098
1,747
1,581
1,191
2,154
1,528
878
660
1,912
1,607
—872 -1,059
-641
-590
-983
-659
-1,206
-663
-841
-594
-1,013 -1,118 -1,288
-662
-728
-662
-836
-618
-994
-689
—120
-282
-417
-137
-418
-448
—117
-324
-480
-117
-543
-486
-125
-247
-413
-136
-626
-467
-130
-218
-145
-305
-485
-53
-56
-63
-60
-56
-57
-68
-59
430
-58
14
1,263
971
746
79
1,085
462
866
41
-1,545 — 1,012
-992
-679 -1,497 -1,024
-672
-520 -1,210
-458
-107
-334
-187
-365
-442
-138
-476
-312
-86
879
584
-120
-622
-418
— 107
-443
—381
-56
-50
41
292
—651
-738
-944
—305
—295
-312
-111
—329
53
-23
55
-53
47
-110
-105
—728
-95
46
-71
41
—69
29
-88
-130
-351
-475
-123
-390
-538
-99
-59
918
-343
-133
-601
-461
-157
66
-91
37
-33
45
(*)
56
28
-15
-13
-169
-597
-119
-255
-36
159
5
107
-335
-44
-49
17
-66
-154
-23
11
-40
-118
-162
-3
83
25
-277
-91
40
-73
38
-234
-170
24
—27
—72
82
-34
—411
-443
-356
— 159
-2
-64
-24
-31
-3
-145
-158
—113
-217
-230
-390
-145
-339
-383
414
-467
-490
-397
-446
—238
-141
-353
-150
-234
-388
—142
-409
-684
-479
-657
-14
-67
-48
-507
-151
-486
-77
—309
-103
-537
—95
-75
29
132
17
108
5
160
24
183
7
98
5
192
634
78
6
210
51
129
1
154
58
110
476
207
145
159
175
740
371
-320
-213
768
427
-164
881
389
50
94
638
921
-170
—161
146
124
116
-114
-324
-483
510
-54
312
237
44
446
104
331
24
351
14
468
1,151
688
363
526
-26
835
6
8
— 104
-66
-37
—2
13
-12
1,071
109
81
102
150
371
-25
25
691
844
506
79
160
59
53
—11
118
1
5
1
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
4
-5
-53
56
57
Liabilities of. U.S. Government, excluding marketable or convertible
securities: 1
Associated with specific transactions
Other nonmarketable nonconvertible medium-term securities
-65
(*)
58
59
U.S. Treasury marketable or convertible bonds and notes 1 l
Deposits and money market paper held in the United States
225
91
—781
—427
170
1
See footnotes on p. 28.
IV
III
7 760
7 342
Direct investments 2
U.S. securities other than Treasury issues
Long-term liabilities reported by U.S. banks
Errors and omissions, net
II
6 946
6 664
51
52
53
60
I
IV
7 583
6 961
12
Transactions in U.S. Government assets, excluding official reserve assets,
net; increase in assets (— ) .
TJQR.TI$ and other long-tarm assets *
Foreign currencies and other assets *
IV
6 802
6 359
—986 -1,209
-587
-543
__
Private remittances
Military grants of goods and services
__
__ _
Other U.S. Government grants l.
_
U.S. Government pensions and other transfers.- __
42
43
III
—3 835 -3,863 -3 558 -3, 488 -3,404 -3, 464 -3, 689 -3,965 -3, 946 -4, 091 -3, 973 -4, 209
_
23
24
41
II
—5 775 -6,082 —6 060 —5,438 —5,329 -5, 688 -6, 140 -5,995 -5,934 -6,416 -6,572 -6,437
__ __
15
16
17
27
28
29
30
1962r
196 I'-
1960'
Line
40
20
11
32
26
41
77
—1
3
-4
66
-1
145
(*)
7
-1
-23
4
6
2
-3
76
-8
80
26
-12
35
32
8
-22
-15
-49
3
13
— 54
-1
(*)
-32
(*)
20
98
141
25
159
288
251
206
-94
340
202
922
198
234
-283
-214
-192
-243
-39
365
-106
-315
128
-553
170
-110
-11
3
104
1
152
-6
-1
-27
54
10
27
124
422
56
607
-185
634
131
-33
(
-183
-171
-528
e
-5
304
332
4
698
-402
7
-655
SURVEY OF CURRENT BUSINESS
June 1968
31
Table 1.—U.S. International Transactions—Continued
[Millions of dollars]
19 34
196 3r
I
i9e 5f
'
19f>7 '
196 6'
III
IV
I
ii
III
IV
I
9,767
9,243
9,037
8,822
10,360
10,066
9,006
8,634
11,074
10,409
9,750
9,478
10,994
10,675
10,543
10,266
6,157
198
307
538
6,309
187
524
584
5,936
162
215
609
6,895
201
294
593
5,597
200
372
506
7,030
225
665
636
6,329
194
271
628
7,288
211
320
644
7,074
193
276
589
7,360
257
361
658
6,958
172
194
696
7,784
207
171
666
218
205
265
62
247
174
274
60
334
171
284
65
364
181
274
67
262
230
282
73
271
208
304
69
377
209
303
72
416
227
307
74
316
280
312
70
321
235
333
73
432
238
332
86
492
256
327
77
967
278
193
933
291
95
881
315
114
803
306
119
1,056
345
129
1,031
343
105
1,054
368
135
843
341
119
1,034
371
150
964
372
112
982
411
.139
890
394
117
II
III
IV
I
7,812
7,365
9,020
8,342
7,882
7,689
9,280
9,036
9,274
8,966
4,975
166
447
454
5,717
243
678
552
5,223
103
194
562
6,156
145
244
548
205
153
255
56
284
151
254
59
308
153
255
58
781
233
88
716
257
108
665
254
109
II
II
III
11,254 10,573
10,894 10,379
I
1968
Line
II
III
IV
IP
11,907
11,658
11,033
10,879
12,229
12,071
11,914
11,678
1
2
7,589
328
344
622
7,911
377
249
676
7,146
206
154
711
7,822
328
158
692
7,892
299
236
652
3
4
5
6
345
301
339
91
358
256
344
81
427
277
346
90
502
292
336
80
359
316
341
85
383
277
347
89
7
8
9
10
1,209
436
226
1,034
418
118
965
435
154
1,072
415
119
1,446
449
234
1,123
451
165
11
12
13
IV
11,775 11,492
11,603 11,148
-6,024 -6,670 -7,116 -6,811 -6,579 -7,165 -7,521 -7,423 -6,885 -8,249 -8,568 -8,593 -8,589 -9,419 -10,178 -9,875 -9,688 -10,190 -10,508 -10,603 -11,023
14
-3,935 -4, 232 -4,320 -4, 527 -4,355 -4, 595 -4, 659 -5,039 -4, 606 -5,494 -5,496 -5,920 -5,926 -6,278 -6, 536 -6,801 -6,646 -6, 622 -6,430 -7, 293 -7,752
-763 -748 -726 -725
-748 -736 -698 -695
-674 -717
-761
-793 -872 -923 -962 -979 -1,072 -1,065 -1,098 -1, 104 -1, 108
-503 -628 -645 -541
-772 -695 -735
-533
-690 -676 -563
-694
-574
-795 -793
-764 -694 -647 -641
-686 -829
15
16
17
-320
-101
-95
-549
-108
-92
-831
-121
-157
-414
-115
-103
-341
-113
-137
-572
-121
-100
-852
-133
-164
-446
-134
-135
-406
-110
-122
-627
-106
-121
-932
^113
-168
-473
-110
-139
-424
-116
-144
-701 -1,037
-119
-128
-138
-197
-495
-127
-163
-464
-118
-151
-863 -1, 325
-121
-130
-146 -208
-543
-131
-183
-507
-124
-160
18
19
20
-217
-91
-218
-95
-212
-104
-276
-110
-242
-111
-242
-110
-230
-109
-289
-123
-272
-122
-302
-118
-286
-118
-380
-131
-334
-133
-332
-134
-387
-138
-472
-144
-412
-138
-397
-148
-407
-138
-479
-174
-460
-178
21
22
1,788
1,341
2,351
1,673
767
573
2,469
2,225
2,695
2,387
2,602
2,078
1,516
1,301
2,937
2,643
2,120
1,748
2,825
2,160
1,181
910
2,401
2,082
1,953
1,677
1,835
1,474
394
200
1,899
1,728
1,804
1,460
1,717
1,468
525
371
1,626
1,469
891
655
23
24
-1,118 -1,398
-672 -720
-877
-683
-977
-733
-997 -1,272
-690 -748
-863
-648
-993 -1,038 -1,485
-699 -666
-820
-933 -1,007 -1,129 -1,137
-662 -687 -852 -776
-844
-650
-818 -1,083 -1,153
-647 -739 -904
-950
-796
-795
-637
-884
-648
25
26
-159
-271
-420
-82
-179
-320
-431
-77
-299
-249
-509
-96
-194
-154
-445
-156
-180
-158
-361
-96
-167
-236
-387
-94
27
28
29
30
249
1,394
564
-425
-156
-447
-447
-69
-154
-678
-500
-66
-154
-194
-467
-63
-165
-244
-504
-64
-150
-307
-473
-67
-149
-524
-533
-66
-148
-215
-429
-72
-171
-294
-453
-75
-152
-372
-440
-74
-168
-665
-517
-135
670
953
-110
1,492
1,698
1,330
653
1,944
-153
-276
-618
-81
-166
-361
-530
-80
-153
-194
-376
-121
-176
-171
-386
-85
-162
-344
-485
-92
825
699
-449
1,081
721
1,082
1,340
831
7
31
1,062 -1,719
-277 -1,401 -1,309 -1,572 -1,204 -2,493 -1,579
-532
-446 -1,236
-919 -1,270
-468 -1,640 -1,179
-957 -1,248 -2,121
-912
32
-583
-486
43
-79
-525
-514
50
-72
-161
-166
52
15
-707
-84
50
87
-430
-127
54
94
-625
-284
38
40
-491
-71
38
35
-781 -1, 190
-581
-302
63
55
24
49
-944
-329
52
131
-441
-304
42
53
-893
-271
74
-7
-643 -1, 072
-466
-305
118
123
q
122
-690 -1, 218
-241
-198
75
89
155
55
-899
-349
100
-10
-423
-407
130
39
-719
-473
137
-73
-980
-390
102
-72
-713
-381
100
-125
33
34
35
36
27
77
-178
-402
-116
74
-488
-530
-248
-405
-72
-532
-239
84
-382
-671
-461
23
201
176
-41
260
69
-134
127
145
1
-59
102
229
107
-399
153
-18
188
-390
-72
-77
16
-259
204
217
37
38
-47
-15
50
-128
1
25
158
114
-27
-219
-57
-80
-271
-289
-130
-35
6
241
-6
188
-20
5
-68
-6
-17
-174
-51
-30
-28^
-70
-16
-60
-68
-88
-170
76
42
-13
-93
-445
42
-256
39
40
-461
-725
-70
-405
-260
-467
-393
-556
-341
-592
-225
-405
-304
-593
-300
-337
-655
-653
-515
-588
-739
41
-561
-50
-624
-266
-444
-31
-572
-100
-527
68
-703
73
-605
22
-540
-182
-653
151
-699
-64
-470
-114
-631
47
-582
91
-692
-90
-583
-128
-645 -1, 279
431
-138
-781
-140
-704
5
-781 -1, 181
-142
119
42
43
125
26
131
34
164
241
241
25
147
52
130
33
159
31
159
7
152
10
165
6
176
182
157
23
184
3
182
7
185
226
253
192
194
268
(*)
178
5
281
42
44
45
68
82
-6
1,027
-419
-375
335
(*)
-181
904
46
51
1,007
-31
15
-424
-10
92 1,012
-462 -1, 145
-48
-5
1,362
-401
-57
47
48
49
32
123
227
-5
-51
303
70
-151
842
68
41
271
424
111
-33
-46
116
6
1
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
748
1,306
508
421
-56
392
1,123
1,858
-312
-367
729
333
-70
1,120
954
1,316
91
1,807
2,400
2,406
645
50
-5
14
3
47
114
33
40
52
12
-87
103
14
17
-42
36
29
14
52
-27
-30
14
-24
-26
135
85
57
152
-95
-242
43
44
-227
-51
22
55
59
52
173
60
38
520
439
-113
107
100
110
109
382
64
133
371
70
329
607
12
520
-158
104
34
169
225
695
67
51
52
53
-6
-30
4
65
-6
17
-5
-75
-5
5
(*)
19
-28
65
-5
24
8
-5
-5
68
10
39
16
47
29
39
12
66
61
134
78
57
125
94
-24
80
-15
174
3
40
125
-20
54
55
95
5
-14
—10
72
-50
290
-1
157
-50
-50
—1
178
204
29
51
122
-2
-52
76
-6
8
-53
-10
—26
76
-23
56
53
93
(*)
-55
335
-160
135
-39
273
56
57
478
195
392
674
391
-20
113
70
-2
-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
-775
106
(*)
104
535
111
1,476
211
1,871
—212
-468
58
59
73
62
-277
-102
-22
14
-249
-604
307
83
-347
-357
45
-23
182
-415
-6
-342
163
-348
95
60
SUEVEY OF CUEEENT BUSINESS
32
June 1968
Table 2.—U.S. International Transactions—Seasonally Adjusted
[Millions of dollars]
_
1 Exports of goods and services
Excluding transfers under military grants
2
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 diiW't, iiwept'Trwvnts
Other private services
Other U S. Government services
11
12
13
Income on U.S. investments
abroad:
Direct investments 2
Other private assets
XT. S. Government assets.
14
1960 '
Credits (+); debits (-)
Line
-
_
_ _ __
_
_ _
_
Imports of goods and services
Merchandise, adjusted, excluding military 1 ___
Military expenditures
_
_
Transportation
18
19
20
Travel
Private payments for other services
XI S Government payments for other services
21
22
Income on foreign investments in the United States:
Private payments 2
U S. Government payments
- -- -
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 1
__
U S Government pensions and other transfers
__
__ _
_
_ _ _-
-
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 (— ) _
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: 1
Long-term
Short-term
39
40
Claims reported by U.S. residents other than banks: 1
Long-term
Short-term
44
45
Repayments on credits:
Scheduled
Nonscheduled
46
47
48
49
50
_ _ _
Transactions in U.S. Government assets, excluding official reserve assets,
net; increase in assets (— ).
Loans and other long-term assets *
Foreign currencies and other assets *
Gold *
Convertible currencies
Gold tranche position in IMF *
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+).
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
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. Treasury marketable or convertible bonds and notes 1
Deposits and money market paper held in the United States L _ _
r
IV
I
II
III
IV
I
II
III
IV
6,977
6,534
7,414
6,792
7,272
6,990
7,430
7,012
7,475
7,151
7,444
6,901
7,433
7,186
7,724
7,373
7,687
7,297
8,364
7,738
7,910
7,692
7,922
7,617
4,641
71
443
445
4,874
89
622
443
4,992
88
282
452
4,980
86
418
441
5,054
86
324
440
4,765
112
543
452
4,998
111
247
445
5,127
94
351
469
5,035
110
390
495
5,288
189
626
480
5,289
154
218
488
4,994
204
305
502
224
89
222
36
227
95
222
36
237
103
228
43
231
116
227
39
228
107
229
40
237
109
241
41
240
120
232
41
242
127
239
43
247
127
238
44
250
152
240
48
231
154
242
52
229
148
244
52
571
151
84
592
152
62
569
166
112
623
178
91
687
188
92
650
192
102
715
203
81
715
211
106
678
221
102
736
218
137
736
232
114
894
232
118
-781
-480
-769
-481
-801
-487
-737
-468
-786
-468
-781
-493
-705
-494
-727
-489
-770
-515
-763
-537
-761
-509
-810
-566
-435
-117
-74
-447
-117
-82
-437
-124
-78
-431
-124
-79
-440
-120
-101
-437
-122
-93
-442
-123
-109
-466
-126
-103
-466
-122
-93
-483
-113
-91
-488
-114
-105
-502
-112
-110
-180
-101
-185
-86
-187
-77
-180
-68
-174
-69
-181
-65
-186
-68
-189
-76
-190
-80
-192
-84
-195
-86
-195
-90
998
555
1,393
771
1,435
1,153
1,910
1,492
i,927
1,603
1,839
1,296
1,500
1,253
1,655
1,304
1,491
1,101
2,027
1,401
1,543
1,325
1,461
1,156
-981 -1,200
-538
-578
-909
-627
-1,038
-620
-980 -1,193
-650
-656
-877
-630
-994 -1,119 -1,265
-729
-639
-643
-874
-656
-979
-674
-112
-443
-370
-56
-122
-622
-406
-50
-122
-282
-452
-53
-128
-418
-436
-56
-123
-324
-470
-63
-118
-543
-472
-60
-125
-247
-449
-56
-123
-351
-463
-57
-130
-390
-531
-68
-134
-626
-446
-59
-131
-218
-467
-58
-139
-305
-476
-59
17
193
526
872
947
646
623
661
372
762
669
482
-663
-663 -1,273 -1,280 -1,028
-910 -1,053 -1,189 -1,053
-568
-952
-853
-343
-264
53
-23
-262
-76
55
-110
-434
-108
47
-105
-635
-106
46
-71
-496
-87
41
-69
-284
-140
29
-88
-483
-154
40
-73
-336
-142
38
-157
-272
-161
66
-91
-421
-252
37
-33
-480
-204
45
(*)
-481
-459
56
28
12
-136
-66
-104
-27
-595
-72
-161
82
-382
-34
-229
-15
-219
-169
-295
-119
-280
-36
93
5
-126
24'
-11
—2
40
-12
-88
-49
-24
-257
-31
-86
-3
-161
-44
-105
-49
-79
-66
-130
-23
67
-40
-152
-3
-7
-349
-141
-402
-379
-467
-347
-538
-508
129
7
-213
Transactions in U.S. official reserve assets, net; increase in assets (— )
Errors and omissions, net
III
} -389
51
52
53
60
II
__ -3,811 -3,854 -3,646 -3,433 -3,390 -3,433 -3.806 -3,893 -3,960 -4,074 -4, 109 -4,076
-
23
24
42
43
I
-5,979 -6,021 -5,837 -5,520 -5,548 -5,605 -5,933 -6,069 -6,196 -6,337 -6,367 -6,461
15
16
17
41
_ _
__
__
_
}
-463
-544
-407
-390
25
-322
-373
-568
-751
-562
-611
-579
-622
124
5
199
634
99
6
156
51
154
1
163
58
128
476
155
145
460
159
17
113
5
182
24
159
175
740
1,071
371
-320
-213
768
427
-164
881
389
50
94
638
921
109
81
102
150
371
-25
25
-170
-161
11
146
124
-483
510
-54
312
304
-114
237
116
-324
44
446
104
331
24
351
14
828
907
367
1-9
355
535
998
581
691
585
-238
660
40
170
1
59
118
1
53
5
1
-11
-11
3
20
104
1
32
152
i
-5
3
-4
26
66
-1
41
145
(*)
77
7
-1
6
-23
4
8
6
2
4
-5
3
-53
-5
-6
-1
-27
-3
76
-8
80
26
-12
35
32
8
-22
-15
-49
3
13
-54
-61
104
49
-66
-1
24
62
0
139
84
203
187
251
679
.675
270
132
158
256
928
423
380
482
-128
-263
-219
-280
-411
108
-30
-225
Revised.
v Preliminary.
* Less than $500,000 (db).
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.
1962 r
1961 r
-266
-277
-444
-385
253
-356
3. Numerically equal to net foreign investment in U.S. national income and product
accounts.
4. Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
SURVEY OF CUEEENT BUSINESS
June 1968
33
Table 2.—U.S. International Transactions—-Seasonally Adjusted—Continued
[Millions of dollars]
i9e 3 T
19< 15r
19(
19(16r
19 57'
1968 »
Line
I
ii
III
IV
I
II
III
IV
I
8,002
7,555
8,800
8,122
8,374
8,180
8,821
8,577
9,438
9,131
9,559
9,035
9,588
9,373
9,853
9,559
9,166
8,794
5,015
187
447
486
5,548
195
678
541
5,620
127
194
546
5,888
148
244
543
6,186
207
307
578
6,154
151
524
573
6,370
192
215
588
6,587
198
294
585
5,628
207
372
546
6,880
188
665
628
6,811
229
271
604
6,925
206
320
636
245
161
250
56
253
161
253
59
253
161
258
58
264
179
268
62
292
183
269
60
297
183
282
65
303
189
279
67
315
201
284
73
319
219
299
69
337
224
301
72
347
234
312
74
798
236
121
743
251
118
760
262
135
828
273
124
933
296
127
901
306
123
920
318
147
919
337
60
1,020
347
140
1,066
357
146
968
357
148
II
III
10,864 10,355
10,199 10,084
I
II
I
III
IV
11,006
10,645
11,106
10,912
11,230
11,059
11,715
11,371
7,188
200
276
634
7,179
219
361
651
7,369
205
194
667
7,440
205
171
657
377
247
314
70
379
249
327
73
389
254
330
86
411
261
333
77
908
362
75
952
377
149
990
398
149
1,030
412
147
IV
10,440 10,804
10,120 10,528
I
III
IV
11,626
11,377
11,667
11,513
11,654
11,496
12,103
11,867
1
2
7,661
335
344
670
7,703
336
249
670
7,626
245
154
680
7,478
323
158
681
7,924
306
236
701
3
4
5
6
411
266
341
91
421
271
338
81
384
295
343
90
417
295
343
80
424
280
343
85
452
293
341
89
7
8
9
10
1,073
426
149
1,019
424
151
970
421
165
1,237
434
156
1,291
438
153
1,106
457
198
11
12
13
II
-6,411 -6,593 -6,791 -6,827 -6,915 -7,093 -7,225 -7,458 -7,248 -8,171 -8,253 -8,624 -9,020 -9,336 -9,778 -9,929 -10,078 -10,108 -10,154 -10,648 -11,493
-4,052 -4, 213 -4, 365 -4, 384 -4, 405 -4, 592 -4, 736 -4, 915 -4, 681 -5,485 -5,568 -5,782 -6,036 -6,263 -6,567 -6,675 -6, 686 -6, 605 -6, 541 -7, 159 -7,840
-698
-695
-674
-717
-725
-761
-793
-872
-763
-748
-726
-748
-736
-962
-923
-979 -1,072 -1,065 -1, 098 -1, 104 -1, 108
-645
-601
-621
-623
-565
-688
-643
-703
-589
-597
-617
-566
-719
-716
-750
-745
-738
-767
-720
-750
-824
-555
-600
-603
-541
-531 -544
-610
-525
-545
-581
-625
-637
-674
-672
-704
-674
-841
-925
-503
-725
-767
—116 -108
-112 -112 -111 -122 -125 -125
-129
-122
-110
-107
-108
-122
-122
-124
-124
-124
-124
-130
-128
-132
-141
-140
-134
-144
-111
-118 -111 -151 -117 -127
-107
-158
-159
-161
-164
-165
-168
-184
-171
-174
14
15
16
17
18
19
20
-219
-91
-224
-95
-232
-104
-248
-110
-246
-111
-248
-110
-252
-109
-257
-123
-278
-122
-312
-118
-312
-118
-338
-131
-343
-133
-345
-134
-418
-138
-419
-144
-422
-138
-412
-148
-437
-138
-424
-174
-472
-178
21
22
1,591
1,144
2,207
1,529
1,583
1,389
1,994
1,750
2,523
2,216
2,466
1,942
2,363
2,148
2,395
2,101
1,918
1,546
2,693
2,028
2,102
1,831
1,816
1,496
1,784
1,508
1,670
1,309
1,328
1,134
1,301
1,130
1,637
l,29a
1,518
1,269
1,513
1,359
1,006
848
610
374
23
24
-1,116 -1,370
-669
-692
-923
-729
-963
-719
-996 -1,237
-689
-713
-910
-695
-983 -1,036 -1,444
-664
-779
-689
- 895 -818 -1,074 -1, 108
-701
-647
-730
-859
-999
-845
-799
-641
-875
-639
25
26
-158
-447
-442
-69
-156
-678
-470
-66
-159
-194
-507
-63
-156
-244
-499
-64
-155
-307
-467
-67
-150
-524
-497
-66
-154
-215
-469
-72
-159
-294
-455
-75
-158
-372
-432
-74
-167
-665
-477
-135
-167
-271
-462
-82
-166
-320
-437
475
837
660
1,031
1,527
1,229
1,453
1,412
882
1,244
1,120
-1,102 -1,605
-982 -1,000 -1, 121 -1,093
-711 -680
-845
-732
—Ti
-160
-276
-604
-81
-164
-361
-488
-80
-162
-194
-418
-121
-162
-171
-400
-85
-170
-344
-468
-92
-296
-249
-467
-96
-202
-154
-487
-156
-167
-158
-378
-96
-175
-236
-370
-94
27
28
29
30
816
663
577
433
483
563
410
514
207
-265
31
-755
-996 -1,372 -1,434 -1,718 -2,053 -1,658
-382
-979
-773 -1,011 -1,114 -1,010 -1,163
-625
-483
43
-79
-467
-449
50
-72
-314
-243
52
15
-570
-75
50
87
-476
-127
54
94
-561
-221
38
40
-660
-149
38
35
-630 -1,240
-302
-566
55
63
24
49
-876
-275
52
131
-619
-378
42
53
-733
-251
74
—7
27
52
-178
-461
-116
-183
-488
-189
-248
444
-72
-568
-239
-186
-382
-326
-461
-25
201
161
-41
-20
69
209
127
90
1
-59
102
-56
-47
10
50
-78
1
33
158
31
-27
-198
-57
-33
-271
-286
-130
-106
6
260
-6
230
-20
4
-68
-66
-17
-159
-51
11
-485
-658
-76
-442
-300
-386
-406
-584
-388
-501
-249
-424
-362
-660
-834
-496
-658
-520
-563
-608
-703
-570
-687
-617
-559
149
26
142
34
179
241
191
25
168
52
144
33
171
31
112
7
172
10
186
182
180
6
-975 -1,104 -1,788 -1,638
-711
32
-653
-349
100
-10
-651
-368
130
39
-902
-540
137
-73
-815
-362
102
-72
-468
-381
100
-125
33
34
35
36
107
-59
153
-74
188
-386
-72
-363
16
79
204
161
37
38
-28
-75
-16
-111
-68
-74
-170
114
42
-17
-93
-493
42
-244
39
40
-496
-330
-347
-708
-572
-501
-630
-793
41
-567
-702
-749
-749
-926
-838
-739
42
-888 -1,140 \
/ 43
112
23
202
3
199
7
193
226
210
192
218
233
258
5 (*)
-375
-181
305
42
44
45
-695 -1,002
-466
-259
118
123
122
-9
-872 -1,054
-311 -174
75
89
155
55
32
123
227
-5
-51
303
70
-151
842
68
41
271
424
68
82
-6
1,027
266
(*)
-419
904
46
111
-33
-46
116
6
1
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
15
-424
-10
92 1,012
-462 -1, 145
—5
-48
1,362
-401
-57
47
48
49
1,237
1,366
176
205
460
404
784
1,671
259
-389
355
157
484
1,110
594
1,135
343
2,143
1,943
2,276
1,013
50
-5
14
3
47
114
33
40
52
12
-87
103
14
17
-42
36
29
14
52
-27
-30
14
-24
-26
135
85
57
152
-95
-242
43
44
-227
-51
22
55
59
52
173
60
38
520
439
-113
107
100
110
109
382
64
133
371
70
329
607
12
520
-158
104
34
169
225
695
67
51
52
53
-6
-30
4
65
-6
17
-5
-75
-5
5
19
-28
65
-5
24
8
-5
-5
68
10
39
16
47
29
39
12
66
61
134
78
57
125
94
-24
80
-15
174
3
40
125
-20
54
55
69
5
72
-10
116
-50
186
-1
141
-50
24
—1
222
(*)
102
29
22
168
-2
-22
29
-6
-22
—53
36
—26
109
-23
7
53
78
(*)
140
(*)
-102
335
-132
135
-54
273
56
57
1,187
1,041
-5
70
358
267
568
1,436
-60
-324
562
-65
206
25
219
339
-522
941
1,177
1,923
-298
58
59
-157
-63
-232
207
-264
-116
-183
-29,5
63
-45
-288
-47
-198
-145
231
-102
-250
-458
207
-34
-148
60
(*)
SOURCE: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CUKKENT BUSINESS
34
June 1968
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
1960
1961
1962
1963
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 (-).
2
Less seasonal adjustment
3
Before seasonal adjustment (lines 4
and 8, with sign reversed).
4
U.S. official reserve assets (table 1 line
46), increase (— ).
5
6
7
8
9
10
11
12
Goldi...
Convertible currencies
IMF gold tranche position 1
Liquid liabilities to all foreigners (table
1, lines 58 and 59); decrease (-).
To official agencies 2
To commercial banks
._ .
To other foreign
residents and unallocated.3
To international and regional organizations.
993
4,210
817
-8 -1,206 -2, 184 ^1,541 -1,242
136 -3,489
-266
1,758
-33
-415
1,256
480
-623 -2, 162 -1,530
-164
1,743
-53
-379
1,161
298
-206
-102
15
20
—36
95
182
-623 -3,315 -1,736
-1, 153
-973
578 -3,365 -3,870 -3,901 -2,371 -2,204 -2,670
-869 -1, 165
2,292
1,035
2,145
606
1,533
377
41
-306
-798
2,275
1,075
1,703
141
-563
-367
17
-40
442
857
-116
-135
890
17
626
461
-113
29
182
-370
-895
919
130
1,731
41
1,621
928
1,061
1,060
1,842
587
1,073
2,835
1,756
1,765
671
2,293
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
498
n.a.
n.a.
32
n.a.
n.a.
-59
n.a.
n.a.
1
n.a.
n.a.
410
n.a.
n.a.
428
n.a.
n.a.
60
n.a.
n.a.
48
n.a.
n.a.
1,158
n.a.
1,448
140
-167
681
586
91
457
-138
140
1,673
470
385
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
335
407
212
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a. -3,403 -1,347 -2,702 -2,011
-623 -3,315 -1,736
-266
1,758
-33
-415
1,256
480
182
-869 -1, 165
2,292
1,035
2,145
606
1,533
377
1,258
741
919
1,673
250
-39
-235
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) .
16
U.S. official reserve assets (line 4);
increase (— ).
17
Liquid liabilities to foreign official
agencies (portion of line 9 *) ;
decrease (— ).
n.a.
n.a.
n.a.
n.a.
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
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
19
Liabilities reported by U.S.
private residents (table 1,
portion of line 53).
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
20
Liabilities reported by U.S.
Government (table 1, portions of lines 56 and 57) .
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
^Preliminary.
N.a. Not available.
1. Keflects $259 million payment of gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
2. 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.
9
250
-48
3. May include U.S. Government bonds and notes held by foreign commercial banks.
4. Excludes changes in Treasury liabilities to certain foreign military agencies during
1960-62, which are included in line 9.
SURVEY OF CUBKENT BUSINESS
June 1968
35
and Reserve Position
[Millions of dollars]
1961
1960
1964
1965
1966
I
-838
—133
-2,800 -1,335 -1,357 -3,571 -705
171
1,222
125 1,665
-220 -349
266 -94
2,629
1,075
1,454
343
-243
568
II
III
I
IV
III
II
-850 -1,010 —1,203
-529
64
-34
-195
-10
-838 -1,189 -1, 169 -334
74
-12
179
I
IV
-715 -1, 191 -807
196
9 -331
-911 -1,200
II
III
IV
-318
-437
-642 -1,219 -1,164
I
2
256
73
-476
-320
-693
-715
1964
III
II
—222
IV
II
III
-65
-307
-570
-638 -1,285
25
376
113
-531
-705 -1,189
-598
-178
224
—514
Line
I
IV
1
86
2
-632 -1,021 -1,371
3
62
383
740
1,071
371
-320
-213
768
427
-164
881
389
32
123
227
-5
-51
303
70
-151
4
50
94
638
921
109
81
102
150
371
-25
25
-170
-161
11
146
124
-483
510
-54
312
304
—114
237
116
—324
44
446
104
331
24
351
14
111
—33
-46
116
6
1
196
—28
59
38
—58
15
46
-228
131
-73
258
118
-20
-45
135
172
—205
-118
5
6
7
159
571 1,170
-540 -1, 024
537 -94
789 3,519
546
663
449
98
-37
246
1,124
432
49
484
-188
326
673
1,066
371
183
-173
329
951
1,522
8
-18 -1, 595 2,062
116 2,697 1,262
306
212
413
102
449
-86
402
170
17
405
16
-61
539
-495
-37
44
-21
-114
-3i7
459
76
899
85
59
55
63
70
-662
447
39
462
-250
276
269
-212
-138
378
-123
-37
276
386
76
925
80
110
321
-23
86
151
27
113
-399
256
56
214
93
46
389
588
115
871
517
126
9
10
11
-218
81
74
89
91
54
28
81
244
215
-4
-107
108
-65
-49
-13
-108
-86
-24
-141
8
12
-634 —1,007 —1, 435 —803
670
—548
-666
-419
—324 —1, 049 —910 —1 100
—900
—137
126
—279
—341
-380
113
-291
-525
-308
-1,564 -1,289
1,075
1963
175
52
-327
171
1962
1967
266 -3,405
-19
116
—380
55
166
159
—529
-677 -1,156 -1,551
-423
615
-714
-825
110
-412 -1,265 -1,135
371
-320
-213
768
427
-164
881
389
52
-295
927
57
-537
577
384
43
149
159
175
740 1,071
-18 -1, 595 2,062 -140
502
416
1,222
568
52
318
85
761
1 291
149
—38
793
839
169
123
-32
452
480
88
—1
216
13
142
316
271
—758
212
296
250
14
-371 -1,042
-453
-145
479
-553
-676
-814
15
32
123
227
-5
-51
303
70
-151
16
495
276
925
321
151
-399
214
389
871
17
251
63
—6
—95
—1
—29
36
217
94
18
26
44
15
64
19
-55
—8
202
30
20
225
—729
9
-1
-564
251
63
—15
—95
-1
SURVEY OF CURRENT BUSINESS
36
June 1968
Table 3.—U.S. Balance of Payments and Reserve Position—Continued
[Millions of dollars]
19 35
Line
I
II
1966
III
IV
I
II
1967
III
IV
1968
I
II
III
IV
IP
-802
-1,742
-606
159
-382
-1,212 -1,901
-224
Amounts
outstanding
March 31,
1968
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 (— ) _
—782
256
-603
—206
-93
—301
—333
-505
—522
2
Less seasonal adjustment
—600
68
403
129
—583
56
394
133
-267
-302
3
Before seasonal adjustment (lines 4 and 8, with sign
reversed)
—182
188 —1,006
4
U.S, official reserve assets (table 1 line 46); increase (-)
5
6
7
8
g
10
11
12
Gold i
Convertible currencies , _ _ _ _
IMF gold tranche position l
_
Liquid liabilities to all foreigners (table 1, lines 58 and
59); decrease (— )
To official agencies 2
To commercial banks
3
To other foreign residents and unallocated _ __
To international and regional organizations
-630
410
—335
—47
—149
—695
—466
-238
-220
842
68
41
271
424
68
82
-6
1,027
-419
-375
-181
904
13,926
832
590
124
—413
119
68
209
-163
173
-426
121
-173
15
-424
92
1,012
-462 -1,145
1,362
-401
10, 703
2,746
335
46
51
1,007
613
—598
-789
—199
91
—24
-108
639
544
161
12
—78
-56
—58
68
-466
330
178
-26
-660
—861
-256
—107
965
253
697
72
-57
64
697
—539
48
163
104
-66
—205
82
-26
Seasonally adjusted; decrease in net assets ( — )
—783
320
21
14
Less seasonal adjustment
—823
251
298
15
Before seasonal adjustment (lines 16 through 18,
with sign reversed)
--
-142
222
134
-377
22
81
54
316
66
—852
404
109
-38
-355
1,144
472
833
—54
-31
—80
-753
80
-36
-10
—5
-48
1,587
2,082
1,265
589
225
-49
616
-3
65
-806
247 -1,082
-510
—101
272
281
96
-55
-57
-680
1,317 -1,358
477
32, 467
15, 362
11, 675
4,683
747
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
—409
—116
692
274
—803
253
266
-847
99 -1,764
284
-485
-185 -1,279
-25 -1,396
40
69
—1,121
394
842
68
41
271
424
68
82
-6
1,027
-419
Liquid liabilities to foreign official agencies (portion of line 9 *)* decrease ( — )
—861
-107
253
697
—852
54
—598
-199
-80
544
281
18
Certain nonliquid liabilities to foreign official
agencies* decrease ( — )
-21
-30
-17
153
34
247
90
390
332
580
119
19
Liabilities reported by U.S. private residents
(table 1, portion of line 53)
-21
-29
-16
28
48
282
88
375
304
587
20
Liabilities reported by U.S. Government
(table 1, portions of lines 56 and 57)
-1
—1
125
—14
-35
2
15
28
-7
16
U.S. official reserve assets (line 4); increase (— ) —
17
-277
-369
426
-705
314
-375
-212
331
-600
90
904
13,926
1,317 -1, 358
15,362
260
364
3,032
160
117
1,869
100
247
1,163
-181
June 1968
SUKVEY OF OUKKENT BUSINESS
37
Table 4.—U.S. Merchandise Trade
[Millions of dollars]
1960
Line
1 Merchandise exports» adjusted (table 1, line 3)
2
3
4
5
6
7
8
9
10
11
Plus merchandise exports, other than military grant shipments excluded from
line 1 but included in Census data *_
Less merchandise exports included in line 1 but excluded from Census data 2
Less miscellaneous
and special adjustments to Census data incorporated in line
1, net 8
Equals i Merchandise exports, Census basis, including reexports, excluding military grant shipments
_
_
Plus Military grant shipments recorded in Census data... _
Equates Merchandise exports, Census basis, including reexports and military
grant shipments.
-- Agricultural goods
Nonagricultural goods
Excluding military grant shipments .
Merchandise imports, adjusted (table 1, line 15)
_
_ _ _ _ _
__^
13
14
Plus merchandise imports excluded from line 11 but included in Census
data^
•_
Less merchandise imports included in line 11 but excluded from Census data 5 _~
Less miscellaneous
and
special
adjustments
to Census data incorporated in line
11, net 3
_-
15
Equals : Merchandise imports, Census basis (general imports)
' .12
16
17
18
Foods, feeds, and beverages
Coffee, cocoa, and sugar
Other
19
20
21
33
23
34
Industrial supplies and materials
___ _
Fuel and lubricants
Building materials
Iron and steel products
_
Other metals and metal ores (except uranium)
Other
3ft
26
?7
Capital goods (except automotive)
Machinery and miscellaneous transport equipment
Civilian aircraft, engines, and parts
28
3ft
SO
31
32
Automotive vehicles and parts (including engines) _ _
Passenger cars, new and used
Trucks, buses, and special vehicles
Automotive parts and accessories (including engines)
Addendum: Automotive from Canada
33
34
3fi
36
Consumer goods (nonfood) , except autos and parts
Consumer durables, manufactured
Consumer nondurables, manufactured
Gem stones, nurserv stock, etc. , unmanufactured
37
All other, n.e.c. (uranium, military aircraft, low value shipments, U.S. goods
returned, etc.)- - - - - - -.
. .
38
_
.
__ . . .
_..
. .:
Balance on merchandise trade, adjusted (line 1 less line 11)
• »Preliminary. ••
1
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.
2
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 remittances 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.
3 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 period but
known to have been shipped in another period; and coverage adjustments for special situations in which shipments are omitted from the Census data.
1965
1964
1963
1967
1966
19, 487
19 944
20, 606
22, 071
25, 297
26,244
29, 176
30,468
268
387
530
513
472
662
425
128
138
111
147
218
122
192
686
212
1
3
50
10
84
30
19, 626
20, 190
20, 973
22, 427
920
25, 690
727
818
26,700
778
29,379
941
30,942
592
20, 57S
21, 000
21, 700
23, 347
26, 508
27,478
30,320
31,534
4,832
15, 743
14, 794
5 024
15 976
15, 166
5,034
16, 666
15, 939
5,584
17, 763
16, 843
6,348
20, 160
19, 342
6,299
21, 179
20, 401
6,959
23,361
22,420
6, 451
25, 083
24, 491
14, 744
14, 522
16,219
17, 014
18,648
21,516
25,541
26,991
482
394
384
341
188
221
207
139
137
182
179
285
333
949
810
-139
248
203
92
-65
49
25, 542
26,816
3,915
1,786
2 129
3,946
1,625
2 321
4,499
1, 690
2,809
4,586
1,698
2,888
9,498
2 015
10, 961
2 212
12, 086
2 247
11, 780
2 235
2,001
3 952
1,273
2,424
4 330
1,312
2,911
4 832
823
798
25
1 039
1 020
1, 458
1,356
2,135
1,923
19
102
212
521
433
17
71
(9)
586
467
23
96
767
593
23
151
939
670
44
225
1,910
1 244
(29)
(108)
(&4S)
(916)
2,627
1 701
295
631
(1,898)
2 276
1 216
2 389
1 266
2 694
1,379
3 305
1 732
1, 192
3,912
2,108
1,349
4,221
2,190
1,564
65
41
38
9
14 714
16 380
17 138
18 684
3,286
1, 657
1,629
3 331
1,581
1 750
3 573
1,621
1 952
3,753
1,701
2 052
7,833
1 580
540
507
1,667
3 539
7 669
1 727
8 500
1 906
1,564
3 420
I 754
3 688
8,807
1 931
660
692
1,773
3 751
562
535
27
693
572
121
758
681
77
633
544
29
60
383
318
13
52
(8)
1,901
971
714
216
537
421
1 889
1 000
644
245
246
21 366
70
15 017
(11)
._
1962
1961
615
537
811
249
843
280
705
825
991
324
6
722
381
802
749
752
780
771
849
4,743
5,422
4,387
5,057
6,649
4,728
784
174
492
455
754
1,422
2,862
4 507
2,382
2,252
130
467
1,000
1,220
3,635
3,477
4
Consists mainly of Defense Department and other imports which duplicate in whole or in
part purchases (e.g., of nuclear materials) included in table 1, line 16 (Military expenditures).
Also includes imports of domestically owned goods returned from storage abroad (e.g., grain
from storage in Canada); imports from the Panama Canal Zone; and foreign charges for repair
of 5U.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.
6. Import total for 1965 is as recorded by the Census Bureau in its official trade statistics
and does not include $92 million of adjustments (see line 14) which are included and distributed
in the accompanying commodity detail (lines 16-37) to correct for distortions affecting the
last 6 months of 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.
Source: U.S. Department of Commerce, Office of Business Economics.
For details on exports and imports,
by major world areas, for six principal
end-use categories and selected subcategories for the years 1965 through
1967, arid the January-March quarters
of 1967 and 1968, see tables I and II
on pages 50 and 51. Comparable current
data, with additional commodity and
geographic detail, are available in the
Bureau of the Census report, FT 990,
Highlights of U.S. Export and Import
Trade.
SUKVEY OF CUEEENT BUSINESS
38
June 1968
Table 4.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Not seasonally adjusted
Line
1966
I
1 Merchandise exports, adjusted (table 1,
line 3)
_
2
3
4
5
6
7
8
9
10
Plus merchandise exports, other than military grant shipments excluded1 from line
1 but included in Census data
Less merchandise exports included 2 in line
1 but excluded from Census data
Less miscellaneous and special adjustments
to Census
data incorporated in line 1,
net 3
Equals: Merchandise exports, Census basis,
including reexports, excluding military
grant shipments.
Plus military grant shipments recorded in
Census data
II
7,074 7,360
Seasonally adjusted
1967
III
IV
I
II
III
IV
6,958
7,784
7,589
7,911
7,146
7,822
7,892
I*
93
129
101
102
155
125
165
240
169
39
54
54
45
59
69
35
48
81
50
1966
1968
1968
1967
III
IV
I
II
III
IV
IP
7,179
7,369
7,440
7,661
7,703
7,626
7,478
7,924
7,194
7,257
7,439
7,500
7,775
7,777
7,775
7,688
8,012
1,696
1,720
1,817
1,738
1,643
1,659
1,606
1,551
1,671
5,762
6,132
6,118
6.169
6,137
6,341
7,159
7,840
I
II
7,188
—20
7,078
7,435
7,025
7,841
7,685
7,967
7,276
8,014
7,980
158
348
239
196
142
131
179
140
147
7,236
7,783
7,264
8,037
7,827
8,098
7,455
8,154
8,127
1,664
Agricultural goods _ _ _
5,572
Nonagricultural goods
Excluding military grant shipments- 5,414
1,675
6,108
5,760
1,647
5,617
5,378
1,793
6,244
6,048
1,614
6,213
6,071
1,612
6,486
6,355
1,447
6,008
5,829
1,778
6,376
6,236
1,657
6,470
6,323
5,498
5,537
5,622
7,752
6,036
6,263
6,567
6,675
6,686
6,605
6,541
Equals: Merchandise exports, Census basis*
including reexports and military grant
shipments
11
Merchandise imports, adjusted (table 1,
line 15)'
5,926
6,278
6,536
6,801
6,646
6,622
6,430
7,293
12
Plus merchandise imports excluded from
line 11 but included in Census data ^
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 3
57
60
61
43
54
47
50
56
66
68
75
67
75
75
86
76
96
126
21
-71
-15
44
-50
5,894
6,334
6,545
6,769
6,620
6,583
6,404
7,209
7,742
6,021
6,336
6,592
6,661
6,688
6,593
6,542
7,102
7,830
1,073
441
_-.632
1,116
412
704
1,116
437
679
1, 194
400
794
1, 149
449
700
1,098
408
690
1,106
430
676
1,233
411
822
1,186
437
749
1,113
447
666
1,144
437
707
1,128
414
714
1,131
408
723
1,180
445
735
1,126
434
692
1,129
417
712
1,173
423
750
1,219
433
786
2,837
600
176
250
3,100
530
222
324
3,135
572
214
390
3,014
545
172
348
2,999
621
164
313
2,941
560
191
356
2,748
490
208
358
3,092
564
191
395
3,481
657
216
419
2,877
555
200
284
3,045
548
209
303
3,124
582
194
367
3,070
575
181
356
3,018
564
186
352
2,893
579
179
334
2,766
503
189
341
3,159
599
201
403
3,524
591
244
472
578
1,233
731
1,293
800
1,159
802
1,147
677
1,224
717
1,117
666
1,026
802
1,140
911
1,278
654
1,184
722
1,263
750
1,231
789
1,169
753
1,163
709
1,092
635
1,098
788
1,168
1,012
1,205
461
529
541
604
613
599
573
597
678
456
513
565
606
605
581
600
600
670
416
45
477
52
480
61
550
54
577
36
572
27
541
32
562
35
633
45
411
45
461
52
504
61
552
54
569
36
554
27
568
32
565
35
625
45
448
316
27
424.
272
33
415
258
42
623
398
72
648
428
69
654
420
79
536
318
69
789
535
78
992
632
110
404
277
27
423
272
33
519
345
42
581
363
72
575
367
69
651
418
79
683
439
69
738
490
78
893
549
110
105
(186)
119
(188)
115
(188)
153
(360)
151
(355)
155
(419)
149
(334)
176
(485)
250
(595)
100
(186)
118
(m)
132
(841)
146
(311)
139
(316)
154
(416)
175
(435)
170
(449)
234
(544)
846
450
919
498
1,087
565
1,060
595
947
495
987
516
1,132
567
1,155
612
1,100
526
939
508
960
513
1,000
533
1,006
551
1,049
557
1,031
530
1,043 1,096
535
566
1,218
591
13
14
15
Equals: Merchandise imports,
basis (general imports)
Census
16
17
18
Foods feeds and beverages
Coffee, cocoa, and sugar
Other
19
20
21
22
23
Industrial supplies and materials
Fuel and lubricants
Building materials
Iron and steel products
Other metals and metal ores (except
uranium)
_
Other
24
25
26
27
28
29
30
31
32
33
34
35
36
Capital goods (except automotive)
Machinery and miscellaneous transport equipment
Civilian aircraft, engines, and parts.
Automotive vehicles and parts (including engines)
Passenger cars, new and used Trucks, buses, and special vehicles. .
Automotive parts and accessories
(including engines)
Addendum: Automotive from Canada
Consumer goods (nonfood), except
autos and parts
Consumer durables, manufactured _
Consumer nondurables, manufactured.
«_ __
Gem stones, nursery stock, etc.,
iTnTnaimfacturerl
_™ ., ._
5
288
310
412
339
343
364
444
413
450
325
326
358
336
385
382
388
408
506
108
111
110
126
109
107
121
130
124
106
121
109
119
107
119
120
122
121
343
305
232
251
256
267
261
311
321
336
306
140
1,152
916
1,098
1,085
319
84
37
All other, n.e.c. (uranium, military aircraft, low value shipments, U.S.
goods returned, etc.)
229
246
251
274
264
304
309
38
Balance on merchandise trade, adjusted
(line 1 less line 11) .
1,148
1,082
422
983
943
1,289
716
See footnotes on p. 37.
529
802
765
975
June 1968
SURVEY OF CURRENT BUSINESS
39
Table 5.—Major U.S. Government Transactions
[MiUions of dollars]
1960
Line
A. 1
la
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
B. 1
la
2
2a
3
4
5
6
7
7a
8
9
10
11
12
13
13a
14
15
16
C. 1
2
3
U.S. Government grants (excluding military) and transactions increasing Government assets, total (table 1, lines 29, 42, and 43,
with sign reversed)
Seasonally adjusted
_.
By category
Grants net
Credits repayable in foreign currencies
....
Other foreign currency assets (excluding administrative cash holdings), net
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
Capital subscriptions to international and regional organizations,
excluding IMF
Credits repayable in U.S. dollars
_.
Other assets (including changes in administrative cash holdings),
net
..
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 l
Estimated transactions involving no direct dollar outflow from
the United States
Expenditures on U.S. merchandise
Expenditures on U.S. services 2 _
Military sales
contracts financed by credits (including shortterm, net) 3 (line B.4)
U.S. Government credits to repay prior U.S. Government
credits 2
U.S. Government credits to repay prior U.S. private credits.
Increase in claims on U.S. Government associated with Government grants and transactions increasing Government assets
(including changes in retained accounts) (line B. 7).
-.
Less foreign currencies used by U.S. Government other than for
grants or credits (line A.13) _
Estimated dollar payments to foreign countries and international
and regional organizations through U.S. Government grants and
transactions increasing Government assets
U.S. Government liabilities associated with specific transactions
(table 1, line 56); net increase (+)
Seasonally adjusted
Associated with military sales contracts *
...
Seasonally adjusted
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. 29)
Less U.S. Government receipts from principal repayments
Less transfers of goods and services (including transfers financed
by credits) (table 1, line 4)
Associated with U.S. Government grants and transactions increasing Government assets (line A. 32). _
Seasonally adjusted.
._
Non-interest-bearing securities issued to IDA
Non-interest-bearing securities issued to IDE
Non-interest-bearing securities issued to U.N. for special programs
_
Foreign funds retained in U.S. Government accounts for purchases in the United States
Other
Associated with other specific transactions
Seasonally adjusted
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...
1961
1963
1964
1965
1967
1968
1966
Total
I
II
III
rv
I*
3,405
4,053
4,293
4,565
4,281
4,241
4,676
5,191
1,333
1,894
1,805
1,430
1,144
1,226
1,266
1,284
1,449
1,510
1 664
525
1 853
1 919
1 917
1 888
1 808
1 910
1,800
776
485
574
509
100
445
49
361
54
387
408
759
862
726
885
739
354
573
220
228
434
49
50
265
—198
—392
131
-32
94
—140
1,186
1,133
1,084
1,312
69
22
27
41
74
50
24
29
114
61
15
67
1,215
844
181
119
1
17
740
171
173
2
20
198
42
36
(*)
2
243
50
84
1
16
137
36
28
1
1
162
43
25
(*)
2
261
44
37
1
2
179
312
44
238
262
490
59
278
372
448
19
275
153
516
172
122
62
112
1,008
1,146
1,413
—26
41
16
13
1,278
1,657
1,351
1,791
1,503
1,949
1,670
2,172
147
92
15
70
168
88
7
23
981
183
91
2
53
393
420
27
265
530
648
23
349
336
573
12
340
387
232
7
270
218
679
7
401
45
544
2
78
76
74
2
109
63
28
1
143
33
34
2
70
54
364
4
62
1 378
1 715
—101
2 248
194
2,574
33
672
42
639
77
578
41
686
38
735
—30
—70
(*)
45
—39
g
27
48
20
1 765
2 027
1 484
2 157
1,315
2,273
1 229
339
685
269
428
532
337
246
544
281
302
512
342
391
533
400
194
167
1 396
2,274
909
406
822
153
21
172
27
153
122
111
62
100
132
112
149
153
243
309
279
327
316
364
33
42
80
42
44
149
77
42
66
41
40
70
38
48
83
238
-5
1
278
23
-7
275
19
-1
265
26
-18
349
-30
-9
340
-18
-55
270
-8
2
401
-27
78
78
-1
-35
109
-24
32
143
-1
32
70
-1
48
62
-1
19
2,280
2 046
*368
2, 910
2 396
3, 250
2 503
3 752
2 882
'785
3 590
3 032
3 524
2 95°
'743
3 942
3 152
798
4 461
3 523
'750
1 162
966
172
1,247
933
204
954
790
191
1 098
834
183
1 297
934
207
26
33
13
36
16
90
291
390
99
111
81
100
126
37
71
111
100
93
186
34
151
154
5
162
14
178
104
40
1
84
37
29
30
25
37
61
39
497
621
670
509
337
690
533
—101
158
41
80
147
94
49
—86
—205
—85
—38
—12
—23
—12
—8
238
278
275
265
349
340
270
401
78
109
143
70
62
1.125
1,144
1,042
813
691
717
734
731
171
184
190
186
152
26
85
614
443
489
197
129
—16
93
78
106
140
—55
—102
—160
—1S2
—39
—54
—16
4
470
347
233
306
346
64
102
95
106
147
—28
—67
—116
—111
—13
-20
319
399
1 139
994
987
1 080
927
1 023
347
397
112
167
185
26
26
33
25
13
26
36
26
16
24
90
34
291
43
390
110
99
16
111
24
81
15
100
55
126
25
335
402
656
657
747
830
829
1 240
328
377
206
328
299
41
80
147
94
49
86
205
—85
58
58
25
36
100
13
15
25
—75
—25
38
—38
—25
—12
—1%
—23
—28
—12
—12
—8
—8
—79
43
30
—14
—17
—12
—17
1
1
_2
(*)
-(*)
Foreign holdings of nonmarketable, nonconvertible medium-term
U.S. Government securities not associated with specific transactions (table 1, line 57); net increase (+)
Export-Import Bank Portfolio Certificates of Participation
U.S. Treasury securities not included elsewhere «
* Preliminary.
"Less than $500,000(±).
1. As reported by the operating agencies.
2. Line A.28 includes foreign currency collected as interest and line A.30 includes foreign
currency collected as principal, as recorded in lines A.6 and A.7.
3. 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.
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 entries for the several categories of transactions related to military sales contracts in this
1962
—150
4
f
36
2
—15
7
—3
2
207
—24
2
204
3
—30
6
-3
251
251
—56
18
-74
—23
—3
-20
10
2
—7
—7
(*)
—41
—5
—43
(*\
—1
(*}
—12
(*\
—12
5
30
22
12
5
—30
—30
61
(*\
—18
(*}
—12
(*)
—8
(*)
—12
—4
—19
-27
-4
15
1
15
-2
—33
— 10
-30
1
22
20
29
-4
-2
-4
-17
—49
—3
-46
469
19
450
335
10
325
135
10
125
273
48
225
(*)
(*)
(*)
(*)
(*)
-2
and the other tables are partially estimated from incomplete data.
5. Consists of transfers of military goods and services financed by U.S. Government credits
(include in line B.6) and of increases in Defense Department liabilities (onmilitary sales contracts) which arise from advance payments to the Defense Department financed by credits
to foreigners by U.S. Government agencies.
6. Includes securities payable in U.S. dollars and in convertible foreign currencies.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
40
June 1968
Table 6.—Claims on Foreigners Reported by U.S. Banks and U.S. Private Residents Other Than Banks
[Millions of dollars]
1967
Line
1964
1965
1966
Total
A.
1
2
3
4
5
6
7
g
B.
Claims reported by U.S. banks:
Long-term (table 1, line 37, with sign reversed) _
9
10
11
12
13
14
15
U.S. -dollar loans
Canada _
._
United Kingdom
European Economic Community
Other Western Europe
Japan
Other countries
j.
16
17
18
19
20
21
22
U S -dollar acceptance credits
Canada
United Kingdom
European Economic Community
Other Western Europe
Japan
Other countries
23
24
25
26
27
28
29
U S -dollar collections outstanding
Canada
United Kingdom
European Economic Community
Other Western Europe.
Japan „ . . . .
Other countries
30
31
32
33
34
35
36
Other claims in U.S. dollars
_ .
Canada
United Kingdom
European Economic Community
Other Western Europe
Japan
Other countries
37
38
39
40
41
42
43
Foreign currency deposits and other claims
Canada
United Kingdom
European Economic Community
Other Western Europe
Japan
Other countries
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
-
Canada
United Kingdom.
. .
European Economic Community
._.
Other Western Europe
Japan
Other countries
. .
Short-term (table 1, line 38, with sign reversed)
-..
_..
>
_
-
_
_ . _ _ _
.!
_
___.
--
-285
-153
—188
72
—16
—204
3 691
—33
-16
87
-14
—240
-4
11
-28
—72
-65
-92
58
390
31
11
—10
—10
—24
74
77
49
4
-12
—2
-38
—12
—8
401
54
202
449
172
—106
129
-7
4
6
24
82
20
104
16
-39
-3
-17
-6
153
-98
-7
—7
—1
-8
550
-.
. ..
.-
V
-
_._,
--
-
_
-
}
-
^
}
--
-
Canada
United Kingdom
European Economic Community
Other Western Europe
Japan
Other countries
Short-term (table 1 line 40 with sign reversed)
-
- __
-
>
- - -
-
- - 1}
-
Of which: Deposits and money market assets _ _ _ _
U S -dollttT claims Tepofted by major U.S. corporations
FoTCion cufTcncy claims
Canada
United Kingdom
European Economic Community
_ _ _
Other Western Europe _
_ _
Japan
Other countries
-
- -
}
-
-
22
2
2
-12
-3
48
-15
59
-4
-3
8
4
42
12
78
6
3
-3
-7
48
31
1,630
7
9
(*)
13
5
-21
1
-56
-18
-17
-24
-7
7
3
399
163
50
13
14
92
67
2
18
11
2
-27
29
-2
-9
16
-5
-150
-113
-72
14
-14
3
—9
24
-19
(*)
1
6
-23
-49
9
17
—2
3
-1
22
11
-13
15
5
-2
6
3
37
-17
-20
—3
7
-1
-100
-25
f
-2
—23 { -11
-31
-4
-28
15
5
-10
3
-7
(*)
9
10
-61
-20
-20
(*)
-3
4
325
93
42
69
20
36
65
88
112
289
68
170
-42
93
-42
1,757
33
-4
12
71
-3
3
334
38
17
34
25
33
142
470
10
5
27
7
13
6
88
21
-4
31
•»
2
121
-76
5
13
-46
-5
-1
g
13
2
3
22
24
19
23
445
11
-6
-9
7
(*)
-45
256
575
37
78
177
128
762
3,482
9
325
30
58
-7
64
11
5
—1
-14
31
253
84
31
2
66
155
315
55
102
7
37
49
65
42
-29
-34
-37
6
13
16
7
52
393
84
146
50
30
18
65
-21
277
-27
292
55
—1
-22
-20
262
3,220
518
969
501
229
190
813
20
6
—412
—120
-502
-12
— 4<
—11
-3
155
180
-%5
-88
225
33
2
-30
13
124
96
28
18
105
-14
5
10
(*)
-6
71
-6
—1
—2
-3
97
224
-333
-606
-90
-238
-23
51
-18
-1
—7
en
60
26
—17
640
335
92
an
62
148
36
\
2,995
60
41
25
175
1,836
858
46
21
-1
194
-
-21
9
3
-14
-5
7
-21
-23
-19
-2
—10
3
7
181
13
-
30
86
-11
12
-2
-22
148
-39
32
-16
26
-4
1
20
5
20
131
••--
3,045
193
88
125
202
507
1,930
-50
-87
12
-84
f
19
—18 I
7
-12
-20
11
—17
32
-1
130
623
-
-20
29
-61
-37
(*)
-29
73
2
294
36
--
-118
68
—1
(*)
5
-1
22
43
485
-
2,413
8,394
222
—1
-3
-10
_4
184
56
-2
15
-
-132
—217
95
132
2
(*)
W
—1
3
19
—4 I{
6
29
78
38
57
20
58
9
-24
.
—82
9
114
259
400
10
8
(*)
12
336
34
74
2
- - - -
217
744
87
13
(*)
-29
-3
59
47
168
22
77
'
_ _ _
-189
—146
475
5
13
—32
-21
438
72
46
86
_'
-325
201
84
-110
-58
4
-7
8
12
/
35 1 25
38
-219
-84
97
-87
86
175
1
10
[
306
—1
-48
—32
-39
—29
18
10
22
10
-43
-74
—75
170
189
162
--
—119 /1 -216
-154
—119
15
194
169
-61
31
—2
-15
/
-21
69 \
99
-33
-29
217
108
386
19
-4
--
-
Claims reported by U.S. private residents other than banks:
Long-term (table 1, line 39, with sign reversed)
Reported by brokerage concerns
Reported by others
Canada
United Kingdom
European Economic Community
Other Western Europe
Japan
_ _ »
Other countries
—337
31
-1
174
418
-
_ _.
>
I*
IV
232
737
36
23
-.-
III
941
136
233
-
II
Amounts
outstanding
March 31,
1968
-17
39
1,524
_
I
1968
1R
~16
-120
-381
-242
44
-26
,(
-4{
9
65
—428
28
-456
-441
-18
22|
-9
-10
-532
-111
-117
19
I
-38
-48
-50
-1
53
28
25
-6
44
-8
-33
-101
2
-11
-4
72
16
-107
12
-71
-60
-11
16
7
-105
183
203
n.a.
-67
-13
(*)
20
1
-52
-27
-25
-26
-43
7
5
3
2
51
144
-2
1
-11
(*)
231
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-9
14
-20
-80
24
118
-22
-75
-60
-108
48
-m
18
20
89
62
742
699
1
1,154
901
253
329
552
86
25
79
83
Memorandum items:
26
27
U.S.-dollar deposits in Canadian banks:
As reported by major U.S. corporations other than banks (included in line
B.18)
Asrenorted in Canadian bankine statistics. ._
_
N.a. Not available.
Preliminary.
*Less than $500,000. ( ).
Amounts outstanding, lines B.17-B.2 , are as of Dec. 31, 1967.
183
603
SURVEY OF CURRENT BUSINESS
June 1968
41
Table 7.—U.S. Liquid Liabilities to Foreigners
[Millions of dollars]
1967
1960
Line
1961
1962
1963
1964
1965
1966
Total
1
2
3
4
5
6
7
8
9
Liquid liabilities to all foreigners (table 1, lines 58 and 59;
table 3, lines 8 through 12)
15
-97
—389
—188
281
173
101
1,317 -1,366
—163
539
134
51
—334
14, 321
2 105
2,164
—123
20
118
260
—191
60
1 439
—368
—368
—353
—870
517
1 305
1 670
—365
285
357
—72
—4
12
-16
204.
-125
1,097
-152
-949
65
-58
—20
—245
48
5
52
-6
-3
—359
549
376
122
455
72
46
125
212
100
376
122
—945
—125
—820
455
72
46
125
212
100
811
25
786
34
177
22
17
5
8
1,041
1 454
116
2 697
1 262
—753
161
1,265
589
616
11, 675
—979
355
1,119
767
390
903
129
—86
—67
1 854
'349
1 297
—98
—518
—190
278
—82
982
79
555
95
534
24
—127
111
—164
114
223
224
206
160
46
887
885
2
—229
-211
-18
—24
6
—30
14
-139
466
703
150
558
International Monetary Fund 3__
To foreign commercial banks
300
140
15a
Seasonally adjusted *
Demand deposits
\ 841
Time deposits *_
Other private
obligations, mainly money market
1
paper
—284
U.S. Treasury short-term securities.
-417
20
2,040
1 075
189
619 /\ 369
16
17
18
19
15,362
—52 —1,772
144
—56
—250
46
1 673
12
13
14
1,317 -1,358
457
-100
To other foreign residents and unallocated
21
22
23
Demand deposits
Time deposits *
Other private
obligations, mainly money market
paper1
24
25
U.S. Treasury obligations:
Short-term securities
Bonds and notes
26
To international and regional organizations not included above
27
28
29
Demand deposits 4
,__
Time deposits *
Other private
obligations, mainly money market
paper l. _ __
30
31
U.S. Treasury obligations:
Short-term securities
Bonds and notes.
586
644
—138
470
-239
263 i/
113
789
375
79
457
-127
—167
945
(*)
51
-884
32,467
7,253
7,036
217
8 296
1 169
—26
—32
61
40
222
—15
348
74
298
—29
470
24
70
-7
—50
5
—40
5
221
—17
—61
(*)
136
—78
2 158
—167
91
140
385
343
306
212
413
80
12
96
225
—3
4 683
16
127
119
362 /1
31
291
43
323
—61
225
180
233
43
34
60
g
—37
93
114
114
—109
—2
1 584
2 055
—38
—3
122
117
33
—171
—3
—28
5
—37
18
—14
47
344
—147
1
—34
—33
—68
3
97
—47
35
15
96
—5
56
—2
30
—4
2
—11
g
g
14
5
6
15
46
96
604
335
407
212
—235
—243
291
525
218
36
78
55
49
65
747
143
135
186
-113
—5
177
—24
g
15
62
11
15
_2
4
o0
15
12
—2
3
15
16
82
137
—6
55
83
—6
176
—48
—93
—59
—91
5
—42
—1
1
113
83
115
—237
277
—357
16
—253
—61
42
—152
—427
84
—93
61
—2
18
—22
—39
—4
32
1
210
205
2
454
—334
* Less than $500,000 (±).
*> Preliminary.
1. With maturity of 1 year or less; negotiable certificates of deposit with a maturity of 1
year or less are included with money market paper.
2. Includes changes in Treasury liabilities to certain foreign military agencies during
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
—680
281
681
350
B onds and notes, marketable
Bonds and notes, nonmarketable, convertible
,
Payable in U.S. dollars. . .
Payable in foreign currencies _ .
2,082
544
Central banks and governments.-. _
1,148
Demand deposits
[•
204
Time deposits *
Other private obligations, mainly money
market paper *
400
10
11
1,587
639
—80
1 075
644
IP
—789
2 629
1 673
644
IV
2 062
2,293
457
U.S. Treasury obligations:
Short-term securities and other obligations
Payable in U.S. dollars 2.
Payable in foreign-currencies
March 31,
1968
III
3,519
671
681
1,756
Amounts
out-
—18 —1 595
1,765
1 448
To foreign official agencies
II
I
1968
241
—34
—121
(*)
U
52
United States with the option to reverse the transactions. These reversible transactions
amounted to $200 million in 1956, $300 million in 1959, and $300 million in 1960.
4. Seasonally adjusted U.S. liquid liabilities to foreign commercial banks for earlier years
were (in millions of dollars): 1960: I, 274; II, 225; III, -14; IV, -345; 1981: I, -205; II, 524;
III, 55; IV, 213; 1962:1, 249; II, -164; III, -252; IV, 29; 1963:1,171; II, 197; III, -83; IV, 185;
1964:1, 29; II, 243; HI, 501; IV, 681; 1985:1, -68; II, -29; III, 584; IV, -371; and 19S6:1,176;
II, 506; III, 1,008; IV, 1,007.
SURVEY OF CUEEENT BUSINESS
42
June 1968
Table 8.—U.S. International
[Millions of dollars]
Other Western Europe, including E.E.C.
United Kingdom
Line
Credits (+); debits (-)
1960
1 Exports of goods and services
Excluding transfers under military grants
2
1961
1962
1963
1964
1965
1966
1960
1967
1962
1961
1963
1964
1965
2,199
2,199
1,998
1,998
1,955
1,955
2,070
2,070
2,553
2,553
2,647
2,647
2,880
2,879
3,334
3,334
7,835
6,922
8,080
7,469
8,345
8,971
9,587
8,805
10,252
9,702
10,703
10,164
1,864
328
(*)
287
5,282
5,653
6,003
527
782
748
6,981
560
550
826
7,268
250
611
651
521
626
708
6,369
212
913
644
3
4
5
6
Merchandise, adjusted, excluding military. .
Transfers under military sales contracts
Transfers under military grants, net
Transportation
1,451
10
1,188
17
1,152
18
1,247
13
1,606
43
1,628
56
176
190
204
210
230
236
1,756
78
(*)
229
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
116
12
37
79
107
11
40
98
109
13
58
109
123
16
71
140
136
15
68
151
130
20
43
164
129
20
59
80
238
41
61
101
236
47
66
144
262
53
71
175
273
57
107
197
273
59
129
242
310
61
11
12
13
Income on U.S. investments
abroad:
Direct investments 2
Other private assets..
_ _
U.S. Government assets
217
49
93
239
50
91
211
48
89
199
53
87
281
69
16
270
63
31
251
92
106
274
102
123
171
91
103
240
122
109
309
156
124
308
187
91
378
228
94
498
254
111
14
460
538
832
-2,030 -1,884 -1,987 -2,062 -2,152 -2,507 -2,989 -3,107 -6,390 -6,290 -6,978 -7,294 -7,826 -8,739
Imports of goods and services
15
16
17
Merchandise, adjusted, excluding military
Military expenditures
Transportation
-985
-287
-294
-894 -1, 005 -1, 074 -1, 138 -1, 414 -1, 780 -1, 705 -3, 199 -3,160 -3,548 -3, 661 -4, 071 -4, 798
1, 366 —1,305 -1, 437 -1, 333 -1, 318 -1, 314
-184
-154
-145
-197
-173
-210
-225
-955 -1, 007 -1, 110
-692
-847
-763
-342
-395
-455
-330
-346
-390
-311
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
-111
-13
-167
-132
-14
-190
-140
-15
-543
-67
-75
-485
-82
-77
-503
-81
-82
-588
-90
-105
-613
-99
-112
—653
21
22
Income on foreign investments
in the United States:
Private payments 2
U.S. Government payments
-157
-28
-154
-33
-152
-33
-169
-23
-188
-22
-241
-42
-304
-52
-335
-57
-290
-159
-293
-125
-323
-159
-363
-199
-372
-234
-427
-243
169
169
115
115
-32
-32
8
8
400
400
140
140
-109
-110
227
227
1,445
532
1,790
1,179
1,992
1,366
2,293
2,426
-92
-102
1,511
1,876
1,964
1,425
-53 -1,354 -1,080 -1,085 -1,205
-459
-423
-469
-441
-53
-919
-370
-978
-440
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
_ __
-28
-28
-30
-30
-42
-42
-39
-39
-41
-41
-48
-48
-55
-55
27
28
29
30
Private remittances
Military grants of goods and services
__
Other U.S. Government grants
U S Government pensions and other transfers
-17
-19
-30
-26
-27
-32
-36
(*)
-36
(*)
-122
-611
-254
-93
-136
-626
-216
-108
-159
-782
-147
-117
-165
-550
-80
-125
-163
-538
-79
-197
710
907
1,088
1,506
986
-999
-11
-11
-12
-13
-14
-17
-18
•"-17
-121
-913
-241
-80
31
Balance on goods, services, and unilateral transfers (lines 23
and 25, or 24 and 26)
141
85
-74
-31
360
92
-164
174
91
32
-895
-101
-204
-269
-420
-249
-628
-578
-621 -1,045 -1,103 -1,493 -1,886
33
34
35
36
Transactions in U.S. private assets, net; increase in assets
'(-).
Direct investments 2
_ _ _ _ _ _ _ _
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
-589
-196
-170
-124
-155
-215
-9
-317
-80
-381
-15
-342
2
-52
31
40
49
9
-7
-71
-373
-24
25
-127
-528
-57
30
-181
-696
-195
33
-47
37
38
Claims reported by U.S. banks:
Long-term
Short-term
_
_
35
-124
4
65
-14
-41
-13
-15
-39
-82
1
100
16
6
14
-49
-35
-56
-131
-114
-70
-70
-476
-37
-550
-191
119
-59
39
40
Claims reported by U.S. residents other than banks:
Long-term
Short-term
1
-220
2
75
3
-13
-6
4
-36
-88
26
1.2
4
-252
-17
-113
-10
-21
10
-73
-4
-54
—9
-39
-26
-56
4
-31
86
85
77
78
13
27
-59
-136
50
596
590
92
-230
36
16
6
4
4
16
-141
2
-240
17
-232
54
-276
25
-287
50
-303
-19
-469
102
-437
124
_ __
69
69
71
74
9
10
80
114
197
31
178
669
161
666
136
278
114
24
162
186
Transactions in U.S. official reserve assets, net; increase in
assets (— ).
550
306
387
-345
-864
-545
-381
-19
1,168
331
738
632
733
1,498
550
306
387
(*)
-329
-16
-618
-246
-150
-395
-80
-301
879
-898
1,168
447
-116
718
20
729
-97
706
27
1,449
49
715
642
-745
128
592
442
1,133
769
231
1,019
802
1,579
1,414
-937
31
-48
1
45
-17
n
— £i
20
-34
(*)
44
207
(*)
-36
g
84
-65
-520
-27
23
-101
32
65
-453
-74
82
281
3
32
264
-3
43
157
3
-60
3
2
24
-149
24
23
85
-18
(*)
-46
-27
69
-12
-47
2
9
23
35
88
69
44
116
-3
-53
25
51
-13
-67
-11
14
-4
39
28
104
-1
11
-30
2
466
251
323
-63
164
-21
-13
662
-66
29
658
713
41
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 assets _ _
44
45
Repayments on credits:
Scheduled
Nonscheduled
46
47
48
49
50
_ __
Gold
Convertible currencies
__ _
Gold tranche position in IMF
_ _
, _
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
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.
10
58
59
U.S. Treasury marketable or convertible bonds and notesDeposits and money market paper held in the United
States.
89
677
60
Errors and omissions and transfers of funds between
foreign areas, net; receipts by foreign areas (— ).
See footnotes on p. 46.
(*)
(*)
11
(*)
6
4
2
32
(*)
(*)
Q
15
559
-65
-618
-9
-126
86
417
139
829
-205
1,125
32
1,029
-124
75
-597 -1,017
559
440
319
234
99
-211
-919
-800 -1, 174 -1, 162
-26
-15
-116
35
35
23
110
103
-38
(*)
81
293
-6
69
263
1,074 -1, 463
-1,611 -1,934 -1,898 -1,538
-584
SUEVEY OF CURRENT BUSINESS
June 1968
43
Transactions, by Area
[Millions of dollars]
European Economic
Community
Other Western Europe
(excluding E.E.C.)
Eastern Europe
Canada
Line
1966
1966
1967
1960
1967
1961
1962
1965
1964
1963
1966
1960
1967
1962
1961
1963
1964
1965
1966
1967
7,251
7,251
7,517
7,517
4,036
3,684
4,089
3,678
230
230
165
165
156
156
201
201
395
395
173
173
234
234
231
231
5,116
5,116
5,232
5,223
5,401
5,401
5,618
5,618
6,719
6,719
7,612
7,612
9,00
9,00
9,657
9,657
1
2
5,404
407
5,506
428
140
131
174
356
147
200
199
3,768
35
4,104
18
4,784
34
5,460
60
6,552
40
7,09
52
8
6
5
7
19
\
8
(
98
3,712
38
9
107
3,893
26
438
2,297
115
412
581
203
386
2,419
64
352
563
120
128
139
146
167
169
3
4
5
6
89
224
223
24
120
235
227
22
53
68
113
46
64
74
121
48
15
469
95
59
6
449
111
6*
392
127
7]
372
134
7i
448
162
114
1
491
185
121
586
215
16;
575
243
1&
7
8
9
10
321
132
.41
398
118
26
158
122
77
178
119
82
c
362
225
464
271
476
292
(*)
455
330
634
398
703
43
756
515
(*)
790
562
11
12
13
-6,751
-7,280
-3,435
-3,638
-4, 108
-1, 138
-584
-4, 488
-1, 116
-621
-1, 775
-250
-603
-1, 901
-285
-601
-392
-422
-60
-59
-287
-36
-52
-332
-217
-192
-288
-225
-359
-73
-344
-83
500
500
237
237
601
249
451
39
136
136
72
72
63
63
100
100
272
272
6
6
26
26
-86
-86
-100
-100
-647
-295
-691
-279
-30
-30
-27
-27
-36
-36
-22
-22
-19
-19
-19
-19
-12
10
11
1
11
1
12
9
9
9
9
8
I
i
8
-94
-92
-93
-101
-124
-167
-208
-212
-4,026 -4,231 -4,694 -4, 994 -5,512 -6,177 -7,542 -8,952
14
-81
-1
r
-81
-1
9
-82
-1
-4
-100
-1
—7
-140 -179
-]
-1
—&
-79
-1
—5
-180 -2, 907 -3,087 -3, 500 -3, 716 -4, 191 -4, 818 -6, 041 -7, Oil
-]
-232
-357
-326
-258
-205
-387
-296
-177
— 7 -109
-120
-145
-120
-135
-149
-179
-160
15
16
17
—7
-4
(*)
(*)~6
—7
(*f9
—7
-11
(*)
-12
(*)
-8
-14
(*)
-380
-26
_4
-425
-33
—4
-479
-50
-5
-522
-58
-11
-550
-85
-15
-600
-101
-14
-678 -1, 070
-113
-118
-21
-30
18
19
20
(*)
(*)
(*)
-184
-31
-178
-28
-179
-35
-199
-57
-203
-65
-248
-71
-231
-74
-267
-65
21
22
19
19
1,090
1,090
1,001
992
707
707
623
623
1,207
1,207
1,435
1,435
1,459
1,459
705
705
23
24
-18
-18
-20
-20
-36
-36
-36
-27
-22
-22
-28
-28
-30
-30
-34
-34
-45
-45
25
26
-4
1
9
1
-3
-3
-5
-36
-36
t
-11
-32
-28
-23
-24
-27
-29
-31
-34
27
28
29
30
1,054
965
685
596
1,177
1,401
1,423
661
31
-837 -1,064
-711
-917 -1.594
-642 -1,541 -1,385
32
-451
-221
112
-94
-302
-237
55
-88
-314
-458
83
79
-365
-693
107
36
-298
-700
87
17
-392
-962 -1, 135
-922 -1, 007
-709
109
269
226
91
11
147
33
34
35
36
-7
-3
28
-149
2
-133
-30
30
14
-112
17
-87
-31
410
33
49
-87
(*)
37
38
-6
2
-64
9
-370
-7
-94
-12
106
-294
-336
-44
438
-33
108
-38
-98
39
40
9
(*)
g^
(*)
-3
-57
9
(*)
15
1
o
(*r7
-157
-412
-35
-87
-21
-27
-11
-10
-9
—9
-10
-1
-87
-158
-352
-38
-99
-24
-4
-81
-5
-1
-4
2
—7
—2
-8
-3
-6
-4
—7
-4
-5
-5
-6
414
138
-46
-240
106
46
27
77
252
-14
7
-1
-892
-533
-353
-65
-4
2
-20
-2
-5
9
-16
-1, 143
-816
(*)
38
-30
-286
(*)
18
5
-284
19
151
216
-40
240
96
154
-139
189
98
-12
-83
-34
-26
-71
-34
-25
-82
403
-74
-200
-173
-118
-47
-46
-73
-12
-89
-14
-351
50
-303
15
-5
-121
-2
-55
-2
-56
80
408
30
99
1
112
3
8
id
13
653
64
-151
-94
-193
(*)
(*)
-3
-202
-145
46
661
-8
85
-21
78
-229
16
-110
—190
-3
(*)
(*)
-3
-200
—2
-150
5
47
48
49
1,196
2,203
50
1,129
63
329
112
440
-2
4
97
5
72
336
-3
32
43
-9
89
(*)
(*)
72
81
(*)
34
5
—1
(*)
-3
-1
(*)
3
-1
-1
(*)
(*)
9
-6
(*)
-45
(*)
(*)
(*)
(*)
(*)
(*)
(
15
-47
5
-1
(*)
(*)
-553
1,069
339
879
-263
164
122
518
(
(*) .......
-6
-1,774
-1,798
700
-558
\
3
11
17
*>4
-30
(*)
20
19
19
7
-2
(*)
1
2
(*)
-1
-33
41
262
5
3
2
7
-2
(*)
1
2
(*)
-1
-31
—2
42
43
14
14
17
16
(
-3
1 (*)
-2
-7
15
-38
13
5
8
-12
CTI w-i
-32
(*)
109
250
8
-1
2
136
(*)
2
-5
-19
-8
13
8
(*)
(*)
(*)
(*)
(*)
(*)
1
-209
13
-14
195
316
639
107
263
-334
99
788
50
(*)
18
-16
-3
-25
43
31
44
14
26
38
43
48
243
9
312
(*)
51
52
53
(*)
-1
-1
53
-15
28
19
-5
-8
-32
10
1
21
-13
54
3
87
54
55
(*)
-9
-26
-5
-1
1
224
(*)
-22
(*)
-12
-1
-51
200
56
57
*}4
-37
241
13
319
-69
591
422
-361
3
-5
-14
-410
-110
-65
24
204
58
59
-6
-420
-215
-420
214
152
-422
221
115
60
12
(*)
(*)
13
-47
44
45
5
(
SUEVEY OF CUERENT BUSINESS
44
June 1968
Table 8.—U.S. International
[Millions of dollars]
Line
Japan
Latin American Republics and other Western Hemisphere
Credits (+); debits (-)
1 Exports of goods and services
2
Excluding transfers under military grants .
1960
1961
1962
1963
1964
1965
1966
1967
1960
1961
1962
1963
1964
1965
1966
1967
5,742
5,670
5,944
5,816
5,959
5,878
6,125
6,068
6,903
6,838
7, 133
7,074
7,935
7,863
8,048
7,984
1,666
1,666
2,120
2,120
1,943
1,943
2,288
2,288
2,526
2,526
2,678
2,678
2,997
2,997
3,369
3,369
4
5
6
Merchandise, adjusted, excluding military
Transfers under military sales contracts
Transfers under military grants, net
Transportation
3,806
19
72
269
3,788
a,6«
4,225
18
65
340
4,234
31
59
403
4,719
22
72
405
4,669
27
64
393
1,374
20
1,766
24
1,820
25
1,974
16
2,051
31
2,340
24
2,673
38
81
282
3,635
17
57
314
1,541
24
128
256
120
119
118
127
136
145
179
180
7
8
9
10
Travel
Fees and royalties from direct investments
Other private services
Other U.S. Government services
312
96
202
27
352
104
212
31
406
129
191
39
460
136
190
52
503
148
197
61
589
174
192
66
684
176
234
72
720
185
245
73
12
7
68
6
13
11
74
7
13
14
80
7
20
15
89
9
26
17
101
8
27
20
107
11
31
26
108
10
42
33
109
10
11
12
13
Income on U.S. investments
abroad:
Direct investments 2
Other private assets
U.S. Government assets
720
141
79
824
155
77
891
167
113
956
181
126
1,011
213
123
995
265
126
1,114
317
120
1, 190
356
125
16
33
10
15
80
12
19
111
15
21
132
31
30
184
33
47
208
31
43
206
30
46
206
33
3
14
15
16
17
Imports of goods and services
Merchandise, adjusted, excluding military _
Military expenditures
.
Transportation
__
___
18
19
20
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- _ . _
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and
14).
25 Unilateral transfers, net; transfers to foreigners (— )
•__„
Excluding military grants
-_ _
26
23
24
27
28
29
30
31
32
33
34
35
36
37
38
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).
Transactions in U.S. private assets, net; increase in
assets (— ).
Direct investments 2
Foreign securities newly issued in the United States
Re demptions
Other transactions in foreign securities
Claims reported by U.S. banks:
Long-term
_ _ _
Short-tenn_
_ _
Claims reported by U.S. residents other than banks:
Long-term. _
_ _
Short-term.- _ _ _ _ _ _ _ _ _
__ _
41 Transactions in U.S. Government assets, excluding
official reserve assets, net; increase in assets (— ).
Loans and other long-term assets
_
42
Foreign currencies and other assets
43
Repayments on credits:
44
Scheduled
_
Nonscheduled
45
39
40
46
47
48
49
50
Transactions in U.S. official reserve assets, net; increase
in assets (— ).
Gold
,
Convertible currencies
_- ,
Gold tranche position in IMF
_
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
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.
-5,174 -4,921 -5,268 -5,424 -5,626 -5,992 -6,469 -6,563 -1,742 -1,637 -1,967 -2,151 -2,411 -3,153 -3,881 -3,960
-4, 000 -3, 766 -3,960 -4, 033 -4, 151 -4, 356 -4,685 -4, 656 -1, 149 -1,056 -1, 361 -1, 500 -1, 774 -2, 439 -2,973 -3,017
-148 -157 -163 -171 -177 -163 -153 -177 -412 -392 -382 -368 -321 -346 -478 -530
-95
-217 -175 -161 -180 -203 -266
-293 -303
-91 -108 -126 -136 -154 -191 -178
04
-62
-58
-60
-52
-36
-50
-492
-955
-46
-465
-678 -708 -729 -828 -900
-11
-7
-5
-6
-11
-3
-4
-6
-218 -207
-167 -150 -156 -120 -126 -126
-15
-15
-14
-12
-16
-7
-72
-6
-75
-84 -100 -109 -127 -142 -153
-7
-41
-15
-42
-7
-44
-10
-72
-11
-92
-10
-122
-10
-157
-13
-178
-16
-22
-18
-27
-15
-38
-15
-64
-24
-79
-24
-106
-25
-123
-29
-123
-29
§68
496
1,023
895
692
611
701
644
1,277
1,212
1,141
1,082
1,466
1,394
1,484
1,420
-76
-76
483
483
-24
-24
137
137
116
116
-474
-474
-S85
-885
-591
-591
-292
-220
-408
-280
-394
-313
-485
-428
-471
-406
-554
-495
-490
-418
-463
-399
-31
-31
-29
-29
-28
-28
-32
-32
-30
-30
-31
-31
-32
-32
-32
-32
-95
-72
-110
-15
-105
-128
-157
-18
-112
-81
-182
-19
-153
-57
-252
-23
-138
-65
-244
-25
-135
-59
-332
-28
-121
-72
-265
-32
-21
-20
-22
-121
-64 _ _ , _ „ _ __„,.__ — .___
-246
-4
-32
-6
-25
-22
-22
-23
-22
-9
-9
806
586
976
-505
-917
-623
276
615
298
215
1,021
454
-52
105
86
-608
-547
-298
-337 -1,202
-399
-641
-940
-527
-828
-528
-839
-696
-14
365
-560
-149
-120
12
1
-219
-58
14
-16
-29
-119
14
-25
-235
-36
18
-1
-113
-208
13
-13
-272
-36
11
-13
-308
-68
19
2
-217
-140
56
-13
-18
-15
1
4
-30
-61
2
-10
-54
-101
4
-23
-68
-164
9
-29
-78
-19
-52
7
6
-32
-4
6
10
-33
-14
4
-5
-124
-184
-17
-140
46
-65
-119
-110
-147
-500
-20
-54
-50
-197
-212
-255
-3
-482
-5
-670
-51
-212
-155
-431
-136
-481
-15
59
119
266
146
-576
-34
-10
-94
-17
-86
-34
147
-1
-138
-96
-49
34
1 -113
-46
-39
1
-14
-30
-24
-57
-34
35
-36
1
-20
-9
9
3
-3
-33
-50
-161
-702
-501
-384
-250
-337
-365
-428
-8
-20
-58
-54
50
61
-48
5
-331
-29
-798
-69
-621
-59
-562
-71
-475
-58
-635
73
-672
35
-748
50
-47
5
-64
7
-98
1
-94
-22
-18
3
-24
5
-112
-1
-109
-4
176
23
139
26
164
15
216
33
189
95
213
12
254
18
269
(*)
34
37
39
61
65
66
15
65
115
103
109
-176
-32
-56
-17
44
15
103
109
-176
-32
-56
-17
44
15
-3
255
255
690
582
477
1
662
-1
3
38
48
1 (*)
6
-22
2
-24
14
48
19
3
126
29
-12
38
17
67
191
-3
115
330
(*)
3
-9
-1
13
1
19
1
-20
-2
10
*>-7
3
27
18
(*)
-9
28
104
26
9
8
-126
-24
-41
(
U.S. Treasury marketable or convertible bonds and
notes.
Deposits and money market paper held in the United
States.
-46
193
-78
-29
-15
-1
(*)
15
-25
223
635
432
422
-179
268
60
Errors and omissions, and transfers of funds between
foreign areas, net; receipts by foreign areas (— ).
394
270
423
-112
120
-310
-15
-316
See footnotes on p. 46.
-7
-108
59
58
-(i):- _ _ _ _ „ , _ ....... "(*)""
627
602
(*)
56
-1
534
249
201
291
-150
169
25
1
-11
1
1
-38
1
-1
32
-24
4
195
-2
2
242
\
(*)
-15
3
-28
-3
7
10
(*)
-5
1
1
-256
(
6
(*)
€
56
—1
6
13
18
(*)
(*)
(*)
(*)
2
(!)
36
4
4
-5
H
-297
524
289
235
247
-323
-104
650
104
540
360
167
693
1,009
SURVEY OE CURRENT BUSINESS
June 1968
Transactions by Area—Continued
[Millions of dollars]
Other countries in Asia and Africa
Australia, New Zealand and South Africa
1960
1961
1963
1962
1964
1965
1966
1967
1962 ; 1963
1961
1960
1965
1964
International organizations and unallocated *
1966
1967
976
976
897
897
1,006
1,006
1,176
1,176
1,540
1,540
1,770
1,770
1,648
1,648
1,874
1,874
5,058
4,278
5,356
4,639
6,189
5,357
6,618
5,895
7,216
6,491
7,720
6,689
7,796
7,219
8,125
7,696
779
5
652
6
709
19
849
26
1,156
40
1,258
96
1,141
67
1,274
132
,35
40
52
58
73
75
76
85
2,811
27
780
296
3,045
27
717
313
3,533
19
832
343
3,873
20
723
369
4,215
35
725
393
4,198
95
1,031
404
4, 645
128
577
425
4,891
120
429
377
8
20
38
10
23
40
-1
16
28
52
-1
20
37
56
26
47
58
]
30
59
71
1
31
66
82
1
32
72
84
1
30
41
114
61
32
40
122
66
27
51
123
83
32
59
152
100
39
70
151
114
43
96
177
124
48
94
155
146
50
125
164
154
104
19
3
107
21
4
98
29
3
105
33
140
3
r2.
137
47
1
137
51
6
794
51
53
865
50
80
998
62
118
1,073
67
151
1,207
87
179
1,241
114
198
1,238
131
210
-595
-761
-836
-798
-803
-991
-970
-601
-103
-55
-635
-57
-61
-804
-59
-67
71
17
3
-520
(*)
f
45
1962
1961
1960
269 ' 282
269
282
1963
1964
303
303
312
312
1965
334
334
1966
389
389
Line
1967
366
366
1
418
418
2
3
4
5
6
13
6
24
14
11
135
123
132
153
169
170
171
187
13
58
8
64
10
68
8
77
6
85
10
93
11
107
9
110
7
8
9
10
1,449
148
219
5
39
17
46
32
47
19
44
27
45
1
69
46
1
28
49
1
57
53
1
11
12
13
-2,859 -2,918 -3,007 -3, 159 -3,542 -4,083 -5,015 -5,530
-519
-583
-806 -2,017 -2,007 -2, 120 -2,224 -2, 533 -2, 798 -3,056 -3,065
-413
-496
-502
-525
-733 -1,307 -1, 760
-463
-29
-82
-86
-70
-130 -141 -152 -152 -176 -177
-34
-37
-57
-69
-376
-355
^86
lisa
1 (*)
(*)
-604
-598
-696
-675 -781 -777
14
-372
-75
-48
-434
-98
-40
-589
-103
-44
-655
-105
-46
-12
-12
-13
-13
-14
-20
-21
-22
-193
-216
-138
-132
-5
-8
-15
-17
-23
-23
-95
-103
-105
t
-135
-124
-5
-97
5
-114
-112
-4
-152
-185
-204
-228
-49
-128
-90
-59
-98
-70 -105
-99
18
19
20
-5
-2
-5
-1
-5
-2
-e
—2
-6
—4
—7
-4
-9
-6
-10
-8
-32
-22
-29
-9
-29
-16
-35
-13
-48
-16
-65
-21
-94
-33
-117
-43
c
-59
-61
-1
-71
-16
-72
-16
-78
-25
-72
-33
-72
21
22
456
456
302
302
245
245
340
340
741
741
967
967
658
658
904
904
2,198
1,418
2,439
1,722
3,182
2,350
3,459
2,736
3,673
2,948
3,637
2,606
2,781
2,204
2,595
2,166
-250
-250
-301
-301
-301
-301
-286
-286
-362 -286 -414 -359
-362 -286 -414 -359
23
24
-7
-7
-7
-7
-9
-9
-14
-14
-11
-11
-13
-13
-16
-16
-16 -2,232 -2,315 -2,463 -2,400 -2,458 2,699 -2,476 -2,447
-16 -1,452 -1,598 -1,631 -1,677 -1,734 -1,668 -1,899 -2,018
-115
-115
-112
-112
-157
-157
-145
-145
-144
-144
-86
-86
-71 -115
-71 -115
25
26
-5
-5
—7
-11
-8
-9
-12
-12
-2
-3
_4
-3
-3
-4
-114
-110
-154
-142
-140
-1
-83
-1
-111
-67
i (*)
27
28
29
30
-365
-413
-458
-431
-506
-372 -485 -474
31
-240
-71
-52 -165
70 -314
32
-27
-78 -13
-4 -179
18
29
11
-3
71 -149
-80 -246
68
28
13
51
33
34
35
36
(*)
-24.2 -281 -280
-195
-197
-200
-237
-450
-717
-832 -723
-725 -1,031 —577 -429
-780
-1, 188 -1,326 -1, 359 -1,368 -1,417 -1,307 -1,530 -1,402
-81
-76
-72
-75
-73
-89 -167
-4
-70
A
-2
-2
-3
-2
-3
-4
449
295
236
326
730
955
-90
-164
-179
-112
-159
-323
-314
-265
-172
-23
-27
2
-11
-89
-43
3
-33
-127
-60
28
-25
-108
-17
15
-10
-136
-174
-171
-357
15
12
16
-38
24
-5
18
-2
-59
-51
29
-43
8
13
-12
29
-12
-43
-3
-97
-17
-127
-17
58
11
-24
-9
(*)
c
642
888
-34
124
1,215
719
1,059
-439
-166
-401
-568
-999
-375
-849
-130
12
-227
-55
27
-21
-189
-61
24
12
-248
-68
10
7
-236
-115
6
15
-550
-134
16
5
-240
-121
23
24
-431
-212
25
-23
-12
-97
19
-40
-8
-12
18
14
-30
12
3
-132
-20
46
-16
-56
-45
-175
-197
-102
-17
-27
-56
-66
-8
-21
-17
-17
13
8
1
-31
3
-20
-15
-22
-8
-10
-27
-59
938
305
148
-74
-84
17
-98
12
-55
(*)
(*)
(*)
(*)
(*)
(*)
-89 -118 -140 -162
—1
-415 -390 -429 -411
(*)
(*)
(*)
-30
-77
-3
(*)
5
-4
-6
-4
4
-1
-2
-6
-9
-1
-11
4
-22
-2
10
17
-5
20
31
10
2
-49
-146
-899
-759 -1,055 -1,317 -1,194 -1,376 -1,239 -1,332
-78
-73
-121
-76
-38
6
-3
(*)
-27
-1
1
-15
-1
-18
1
-18
(*)
-65
(*)
-175
(*)
-522
-455
-711 -1, 000 -1, 149 -1, 332 -1, 340 -1, 088 -1, 730
116
-184 -292
-39 -203 -341
-170
-74
-6
-62
-14
-121
-2
-78
-3
-63
19
1 (*)
20
23
19
33
15
26
1
17
4
16
30
3
3
4
5
5
1
1
683
98
355
1
1
-5
1
(
*>9
4
(*)
55
8
(*)
1
3
(*)
17
(*)
-13
-19
-370
-135
(*)
72
(*)
(*)
-4
-1
5
-2
28
n
(*)
(*)
-134
122
(*)
130
124
173
3
163
4
188
1
282
1
3
8
133
107
93
24
4
32
49
200
176
8
133
107
93
24
4
32
49
200
37
2
-5
-2
1
(*)
99
50
18
-1
15
26
13
3
-5
-2
41
9
-44
37
n
-240
1
12
(*)
145
-71
250
449
-1
42
-3
-16
(*)
2
20
9
-2
9
3
*}8
(*)
-a
1
4
-13
-4
20
17
-1
-18
-3
3
W
(
454
-248
46
46
140
-94
47
48
49
-60
-86
-3
50
21
208
251
124
128
64
51
52
53
12
17
22
1
1
24
2
20
<2»
12
5
4
-1
21
-1
_1
500
537
14
-2
249
-37
-1
122
406
10
44
45
343
1
19
416
1
5
-94
23
-1
-8
5
89
-56
-36
42
43
266
(*)
(*)
(*)
-6
20
58
58
36
-442
17
224
340
5
33
-274
127
-28
193
400
392
456
347
296
-67
618
-318
-610
-679
-378
-528
1,212
822
480
385
94
950
295
902
-194
379
-92
-209
18
1
(*)
(*)
88
(*)
-119
29
228
87
41
69
343
(*)
5 -114
57
591
26
39
40
626
931
(*)
(*)
-113
964
(*)
(*)
37
38
-135
6
(*)
1 (*)
(*)
(*)
442
-266
38
(*)
(*)
60
77
29
(*)
(*)
15
16
17
57
331
-466
536
(*)
45
(*)
-89 -116
(*)
-42
54
55
56
57
-81
58
35
-51
85
-71
59
451
343
-4
859
60
-308 -149 -429
SUKVEY OF CUEEENT BUSINESS
46
June 1968
Table 8.—U.S. International
[Millions of dollars]
Credits (+); debits (-)
Line
1967 '
I
1 Exports of goods and services
2
Excluding transfers under military grants3
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
_ -
III
I
I*
IV
1967'
1968
1967 r
H
III
IV
IP
I
1968
III
II
IV
1.9
941
941
792
792
1,872
1,872
1,920
1,920
1,729
1,729
1,996
1,996
1,780
1,781
1,083
877
1,045
952
926
870
1,035
979
1,037
936
468
88
454
70
1,430
120
(*)
109
1,233
68
67
1,371
173
(*)
96
a,
1,472
67
(*)
110
1,374
64
-1
104
562
26
206
135
600
30
93
145
528
28
57
148
607
32
56
153
602
25
101
141
10
37
33
6
16
56
60
5
32
60
59
6
48
54
52
6
24
65
56
5
18
57
60
6
8
15
31
12
15
17
31
13
24
18
29
12
17
25
30
12
9
18
31
12
63
29
23
59
32
4
68
30
6
105
28
12
165
28
4
62
27
9
42
31
16
50
31
22
38
28
18
48
29
26
45
28
25
746
746
858
857
7,90
790
445
54
(*)
64
476
138
(*)
71
475
48
(*)
82
71
10
36
33
5
11
41
33
4
14
46
32
6
8
42
31
4
65
25
10
45
27
11
59
24
5
105
26
98
(*)
-784
-779
-821
-780 -1,673 -1,801 -1,885 -1,920 -2,032
-886
-906
-904
-943
-965
-427
-47
-101
-417
-40
-133
-395
-44
-120
-466
-79
-101
-457 -1, 076 -1, 054 -1,072 -1,286 -1, 394
-262 -267
-50 -280 -277 -297
-108 -131 -191 -172 -128 -142
-511
-79
-134
-449
-71
-174
-401
-65
-159
-540
-69
-133
-569
-71
-143
Travel
Private payments for other services
_
U.S. Government payments for other services _ _
-17
-35
-4
-61
-34
-4
-85
-35
-4
-27
-36
-4
-21
-37
-3
-40
-15
-14
-124
-16
-14
-194
-15
-18
-64
-14
-14
-47
-19
-14
-38
-10
-11
-92
-8
-15
-155
-9
-14
-47
-9
-17
-44
-10
-12
Income on foreign investments
in the United States:
Private payments 2
__ _
U.S. Government payments
-79
-15
-77
-17
-83
-14
-96
-12
-91
-13
-69
-49
-69
-57
-71
-48
-81
-72
-75
-74
-87
-16
-80
-16
-80
-20
-97
-31
-90
-26
22
22
74
74
11
11
120
120
12
12
199
199
119
119
-157
-157
76
76
-252
-252
197
-9
139
47
23
-34
92
36
72
-29
-13
-13
-15
-15
-12
-12
-13
-13
-13
-13
-22
-22
-27
-27
-27
-27
-25
-25
-21
-22
-275
-69
-163
-70
-136
-79
-117
-61
-164
-63
-8
(*)
-11
(*)
(*)
-8
(*>
-9
(*)
-8
-2
'(*)
-6
(*)
—1
(*)
-3
(*)
-2
1
-4
-4
-4
-20
-20
-26
-21
-20
-40
-206
-12
-16
-44
-93
-9
-17
-34
-57
-8
-37
-39
-56
-6
-17
-40
-101
-6
-17
10
59
-1
107
-1
177
92
-183
51
-273
-78
-24
-113
-25
-92
-154
-93
-85
-301
-67
-90
-142
-234
-20
-34
53
-67
-17
11
-49
-53
-69
-56
Merchandise, adjusted, excluding military
Military expenditures
Transportation.
_
18
19
20
21
22
_ _
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
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 (— )
31
2
33
34
35
36
Direct investments
_
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities _ _ _
37
38
Claims reported by U.S. banks:
Long-term..
Short-term
_ _ _ _ _
Claims reported by U.S. residents other than banks:
Long-term
_ _ _ _
Short-term
_ _
_ _ _ _
41 Transactions in U.S. Government assets, excluding official reserve
assets, net; increase in assets (— ) .
42
Loans and other long-term assets
43
Foreign currencies and other assets
39
40
Repayments on credits:
Scheduled.
_
Nonscheduled
46 Transactions in U.S. official reserve assets, net; increase in assets
(-).
47
Gold
48
Convertible currencies
_ _ _
49
• Gold tranche position in IMF
44
45
50
1968
-723
Imports of goods and services _
15
16
17
27
28
29
30
II
Other Western Europe
European Economic Community
United Kingdom
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
54
55
Other liabilities reported by U.S. private residents other than
banks:
Long-term
Short-term. .
-4
-41
-116
-74
-247
-112
16
-156
-195
-204
-261
-190
-114
9
-6
9
13
12
-20
10
47
8
2
8
11
6
13
12
56
-19
-19
-7
-26
-36
9
-17
1
-23
28
-58
-11
-15
-4
47
2
2
48
91
72
7
10
-6
110
4
38
122
32
49
65
25
10
-9
82
33
-5
—67
4
68
-13
35
-3
-149
6
-291
-27
-15
-31
55
46
-10
-22
-56
9
-56
-15
1
1
5
-23
-24
-45
6
-53
-61
-45
22
-46
8
-10
-23
-50
39
-28
-37
-83
-25
-57
-59
1
-71
-2
-47
2
-63
-10
-56
11
-7
10
-18
-4
-31
0
-33
-21
-22
10
-70
18
-99
-5
-57
-11
-77
12
6
12
5
13
8
4
13
38
24
28
17
3
43
24
j
757
31
31
-6
8
302
229
-98
117
-342
371
K
fjn
c
(*)
95
-313
-514
51
372
-3
760
34
-347
77
-591
771
-720
900
-528
(
\
31
-6
85
-77
258
44
18
211
10
-108
-18
135
6
-348
38
333
113
-159
675
140
1,096
-186
563
985
341
-239
-26
486
219
449
-127
58
-507
-20
63
128
-16
44
47
16
83
17
193
-1
34
117
-1
99
232
-4
31
48
43
-15
1
81
(*)
222
23l
-6
-28
-2
1
71
-51
12
10
82
34
_4
2
-23
81
-11
-1
46
-52
18
27
-3
—2
13
27
5
-9
56
21
(*)
(*)
A
8
(*)
-18
27
'i
42
12
20
18
6
-15
29
56
57
Liabilities of U.S. Government, excluding marketable or convertible securities:
Associated with specific transactions
Other nonmarketable, nonconvertible, medium-term
securities.
14
-24
27
-5
-21
101
105
-61
125
-36
125
-34
125
14
58
59
U.S. Treasury marketable or convertible bonds and notes
Deposits and money market paper held in the United States...
4
16
12
-166
15
554
1
625
43
905
50
-473
27
337
100
571
162
444
-3
-731
22
-146
22
427
23
72
55
165
85
-514
567
-30
-73 -1,120
37
-586
-631
-617
191
-63
-382
-73
-40
-106
60
Errors and ommissions and transfers of funds between foreign
areas, net; receipts by foreign areas (— ).
r
1
-674
Revised.
* Preliminary.
*Less than $500,000(±).
Includes transactions with shipping companies operating under the flags of Honduras,
Liberia,
and Panama
2
Excludes undistributed profits of subsidiaries.
(*)
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
June 1968
Transactions by Area—Continued
[Millions of dollars]
Eastern Europe
Canada
1967'
I
1968
I
II
1968
IV
III
Japan
Latin American Republics and other
Western Hemisphere
1967 r
IP
IV
III
II
47
1968
1967 r
IP
I
II
III
IV
I
IP
III
II
Line
1968
1967 r
IP
IV
78
78
57
57
45
45
51
51
63
63
2,280
2, 80
2,559
2,559
2,283
2,283
2,535
2,535
2,485
2,485
1,947
1,927
2,008
1,991
2,000
1,987
2,094
2,080
2,051
2,018
810
810
834
834
824
824
902
902
913
912
71
46
38
44
56
1,709
17
1,927
10
1,634
9
1,825
15
1,854
12
1,158
i
20
87
1, 171
5
17
97
1,151
9
13
105
1,189
8
14
105
1,179
17
33
96
648
5
653
20
65<
719
(
73:
1
1
1
1
4
(*)
(*)
(*)
1
2
3
4
5
6
1
37
43
45
44
38
43
43
47
47
45
140
54
41
1
160
57
4(
177
72
41
98
60
41
<
145
63
181
49
62
19
196
48
63
18
181
47
63
18
176
43
59
21
9
7
27
4
10
8
1?
4:
162
42
58
19
2
!^
2?
10
11
27
10
9
27
7
8
9
10
171
148
169
132
1
189
142
286
84
26
277
91
39
287
85
25
339
96
35
307
93
28
9
52
9
12
50
8
9
52
8
16
52
8
13
57
10
11
12
13
*
1
1
155
126
294
156
1
1
1
5
1
1
1
1
1
1
-60
-54
-54
-45
-58
-1,873
-2,282
-2,488
-2,308
-2,335
-1,732
-1,615
-1,574
-1,642
-1,869
-931
-977 -1,002 -1,050 -1,055
14
-54
(*)
—2
-45
(*)
—2
-41
-1
-2
-40
(*)
— j*
-52
-1, 597
-60
Q£
-1,801
-49
-40
-1,687
-61
-41
-1,926
-62
-42
-2,038
-67
-38
-1,254
-39
-73
-1,153
-44
-74
-1,073
-46
-80
-1,176
-48
-76
-1,341
-56
-78
-705
-128
-44
-732
-140
-46
-776
-125
-43
-804
-138
-46
-818
-131
-48
15
16
17
-1
-65
-29
—5
-280
-29
,.. t
-588
-29
-6
-137
-31
-15
-69
-27
—.4
-258
-25
-37
-235
-29
-33
-245
-38
-44
-217
-35
-39
,-275
-25
-41
-10
-18
—2
-1C
-14
__*!
-11
18
19
20
-65
-17
-63
-15
-60
-16
-79
-17
-74
-19
-44
g
-43
-44
—4
-47
_4
-50
-4
-31
—8
-28
-8
-6
-34
—7
-34
—7
21
22
(
*C
_4
-8
-3
-2
(*)
<*>_2
n
i!
<*)
(
*'-2
8
(*)
(*)
(*)
(*)
A
A
—4
g£
—i
T.
A
19
19
3
3
-9
-9
6
6
5
5
407
407
277
277
-206
-206
227
227
151
151
215
195
393
376
425
412
452
438
182
149
-120
-120
-143
-143
-179
-179
-149
-149
-143
-143
23
24
-6
-6
-5
-5
-4
-4
-6
-6
-5
-5
-8
-8
-11
-11
-14
-14
-12
-12
-10
-10
-128
-108
-128
-111
-106
-93
-100
-86
-123
-90
-7
—7
-8
—8
-7
-7
-9
-9
-8
—7
25
26
-2
-2
-2
-3
—2
-3
-5
-1
-33
-14
-46
-8
-30
-33
-50
-9
-7
-2
-27
-13
-59
-7
-5
-2
-30
-17
-73
-6
~2
-30
-20
-69
-5
-2
(*)
-2
(*)
-2
(t)
-5
-1
(*)
-2
27
28
29
30
13
-2
-12
60
-128
-151
-186
-158
-151
31
-9
•-4
4
-223
-40
32
-12
1
33
34
35
36
8
-59
37
38
(*)
399
266
-5
-7
-270
-64
-256
50
12
216
140
87
265
.319
351
-182
-315
-619
-139
-99
-151
-252
-438
38
-41
-257
-39
-52
-247
77
72
-123
-209
50
-47
-153
-295
49
-25
-14
-238
55
-55
-57
-48
5
5
82
-10
5
-9
-73
-33
40
—1
-169
-48
6
-9
-55
-35
5
-69
-29
-3
ijr
1
-1
1
-1
-3
7
-14
1
(*)
4
-3
-11
22
-31
28
-49
-47
12
84
33
-55
-37
-35
-152
-35
-56
-130
120
7
39
-39
92
-328
24
-39
' -9
-170
-10
-2
-21
-21
-5
22
-2
-97
-11
28
18
-122
-25
14
-12
-5
-27
52
13
-13
1
—2
-17
1
-16
-19
-18
23
-131
-79
-93
-125
-181
-21
-7
19
-205
11
-186
29
-155
6
-201
3
-236
-10
-47
1
-17
1
78
56
73
64
2
25
10
-4
-4
-1
-1
-1
-2
9
15
-2
-4
2
-1
-33
2
_1
5
7
-5
-4
-2
—1
—31
—2
2
~1
4
8
3
1
4
1
2
CTI
-1
-4
-3
(*)
( }
* -4
(*)
(*)
23
62
(*)
5
5
-17
-1
8
14
-13
-50
(*)
-50
-32
—7
42
43
39
3
42
54
44
45
-12
—7
19
28
47
48
49
-1
197
336
-139
269
-31
59
116
-9
16
30
6
7
236
-13
18
-35
12
75
99
5
2
22
17
-1
-21
8
-4
7
5
3
-1
362
438
-3
33
4
99
200
9
98
-199
-1
83
-I
(*).
(*)
-1
37
-4
-3
(*)
(*)
(*)
(*)
(*)
-12
-1
-4
200
-35
1
100
-18
°14
(*)
-13
4
-237
21
-200
1
264
-2
377
-338
82
-17
191
-4
16
38
-160
171
66
277
-53
-24
-4
-50
-250
8
36
11
-21
-1
-100
(*)
-17
41
46
(*)
4
14
28
(*)
(*)
14
19
(*)
8
39
40
-7
(*)
(<)
22
(*)
-12
159
(*)
(*)
-300
(*)
(*)
1
-100
-171
(*)
-17
-2
-219
(*)
(*)
5
9
(*)
50
3
3
1
72
51
52
53
9
54
55
-4
-3
56
57
38
13
-64
58
59
174
336
158
60
-1
(*)
86
-12
1
-1
.
8
7
-2
-1
16
308
-3
-3
-8
2
-2
77
-19
-89
-3
89
1
— 66
(*)
-171
-359
172
-76
86
191
(*)
18
32
8
1
157
w
30
108
(*)
(*)
8
(*)
18
(*)
SUEVEY OF CURRENT BUSINESS
48
June 1908
Table 8.—U.S. International Transactions, by Area—Continued
[Millions of dollarsl
Australia, New Zealand, and
South Africa
Credits (+); debits (-)
Line
'
1967 '
I
1 Exports of goods End services
2
Excluding transfers under military grants
3
4
5
6
Merchandise, adjusted, excluding military
Transfers under military sales contracts
Transfers under military grants, net
Transportation.
.
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
International organizations
and unallocated *
Other countries in Asia and Africa
. _
II
Imports of goods and services.
Merchandise, adjusted, excluding military
Military expenditures
Transportation
18
19
20
Travel
Private payments for other services
U. So Government payments for other services _ _
21
22
Income on foreign investments
in the United States:
Private payments 2
U S. Government payments
-
II
III
IV
I*
I
II
IV
III
529
529
480
480
2,121
2,003
2,080
1,941
1,910
1,826
2,014
1,927
2,216
2,114
99
99
89
89
99
99
132
132
99
99
338
18
317
18
306
12
313
84
337
35
19
21
23
21
17
1,287
30
118
95
1,291
35
139
99
1,128
30
85
94
1,185
25
88
89
1,305
69
102
98
47
46
45
50
45
5
12
8
7
6
14
24
24
16
18
22
22
21
20
23
(*)
(*)
(*)
(*)
(*)
8
28
41
37
10
30
41
43
18
27
40
33
14
41
41
41
9
24
42
42
2
28
2
28
3
28
2
28
2
28
388
38
52
297
34
61
370
39
48
395
37
59
416
45
65
5
16
1
4
9
8
16
41
11
2
20
1
42
26
11
15
2 (*)
43
13
3
-242 -253
27
10
1
-261 -1,389 -1,369 -1,368 -1,404 -1,463 —182 -167
-796
—431
-41
-747
—435
-44
-741
—454
-46
-781
—440
-47
-32 -32
-818
—457
-45 -109 -107
-39
-5
-4
__•» C*)
-4
-6
-9
—1
-7
-27
—2
-54
-44
—2
-59
-30
—2
-56
-31
—2
-59
-30
—2
-64
-15
-4
-54
-27
-11
-3
—2
-3
-2
-3
-2
-3
-2
-3
. o
-28
-11
-27
-11
-30
-10
-33
-12
-35
-14
-8
-18
-8
-18
-8
-19
-10
-18
-9
-21
187
187
276
276
218
218
732
614
711
572
542
457
610
523
753
651
-83
-83
-79 -114
-79 -114
25
26
Unilateral transfers, net ; transfers to foreigners ( — )
Excluding military grants
-5
-5
-4
-4
-3
-3
-4
-4
-5
-5
-602
-484
-765
-626
-615
-531
-465
-377
-523
-421
-17
-17
-28
-28
27
28
29
30
Private remittances
Military grants of goods and services
Other U.S. Government grants
U S Government pensions and other transfers
-3
-3
-3
-3
—4
-70
—118
-385
-30
-194
—139
-397
-34
-108
—85
-353
-69
-78
—88
-266
-34
-73 (*)
(*)
—102
-17 -27
-317
-31 (*)
-1
-1
-1
-1
-1
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or
24and26) . .
- .
213
220
184
272
213
130
32
Transactions In U.S. private assets, net; increase in assets (— )
—9'
-39
-66
-67
-14
-416
-70
-66 -164
-57
—34
4
—2
i
—4
-367
—30
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
41
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 assets
44
45
Repayments on credits:
Scheduled
Nonscheduled
46
47
48
49
50
_ _ _
4
-6
6
-37
-1
r
4
—1
96
—2
c
(*)
i
22
—1
(*)
37
-41
n
_ _ _
146
-175
230 -101
Direct investments
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
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. Treasury marketable or convertible bonds and notes
____
Deposits and money market paper held in the United States.
60
Errors and omissions and transfers of funds bet ween foreign areas, net;
receipts by foreign areas (— )
__ __
—j,
—14
18
-5
—60
7
-16
-8
—89
7
-17
-50
—33
t
1C
-303
—23
t
-15
-19
-27
-19
(*)
-55
-9
10
(*)
—1
8
-12
—17
-36
22
(*)
-106
-13
-13
-3 (*)
(*)
-25
-42
(*)
-129
-139
-81 -143
-13
-120
-95 -124
-19 -14 -115
—90 —142
14
18
18
K
5
10
-66
-85
15
12
(*)
(*)
(*)
(*)
(*)
(*)
(*)'
(*)
-45
-28
-37
-60
-389
-372
-214
-357
-448
—14
-25
-49
-26
-26
-36
(*)
-49 -29
-1 (*)
-62
(*)•
-62
(*)
-838
385
-306
-181
-271
6
-315
-95
-667
122
-17
—25
—51
-26
-29
64
115
(*)
53
9*
J
(*)
172
144
-16
17
34
11
172
144
15
27
39
59
44
-31
-10
-5
-48
-57
-18
23
49
-57
-1
1
17
34 °34
73
8
63
42
-9
-20
-37
-45
1
i
1
1
-1
-13 (*)
-19
25
21
6
51
(*).
1
21
6
1
_
2
5
-319
-45
-45
-35
_
51
52
53
-74
-145
-25
-25
9
Transactions in foreign assets in the United States, net; increase in
foreign assets (U.S. liabilities) (+)
See footnotes on p. 46.
-54
-114
-84 -107
-84 -107
—4
12
Transactions in U.S. Official reserve assets, net; increase in assets (— )
Gold
Convertible currencies
Gold tranche position in IMF-
-52
-114
-5
—1
-6
224
224
__
^_
-206
-8
—1
-7
218
218
_
-59
-94 -102
Balance on goods and services (lines 1 and 14).
_
Excluding transfers under military grants (lines 2 and 14)
Direct investments ^
Foreign securities newly issued in the United States
Redemptions
;_____
Other transactions in foreign securities
-215
-212
23
24
33
34
35
36
I*
429
429
-194 -192 -205 -215 -213
—9
—9
—6
—8
—5
-17 -18 -17 -18 -19
15
16
17
I
459
459
-239 -235
.
IP
IV
457
457
26
12
'(*)
.
III
1968
1967 •-.
1968
1967 r
1968
65
R7
(*)
-18
12
(*)
(*)
(*)
11
(*)
29
32
5
3
-27
-29
197
218
207
308
4
-1
14
10
c*T
(*)•
17
152
12
122
5f
33
37
99
11
(*)
—2
5
-5
1(
t
14
-67
-28
10
6
10
24
62
-5
132
155
(*)
-120
-77
62
(*)
-58
~~4
-47
^28
316
224
—94
422
144
173
247
295
'(*)
5
(*)
-18
-85 -201 -101
(*)
19
(*>
(*>-28
-141
—111
18
(*)
(*)
(*)
456
-28
(*)
(*)
-13
(*)
(*)
g
-37
48
(
\
284
SUEVEY OF CUEEENT BUSINESS
June 1968
49
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]
1960'
Line
1961 r
1967
1962 r
1963 r
1964 r
1965 r
1966 '
1968
1967 r
I
II
III
IV
1,188
1,173
IP
Al! areas:
1
2
3
Total increase
Through known transactions with the United States
Through other transactions
-
4,208
3,866
3,005
2,333
3 042
2,604
-769
3,373
42
—369
-249
263
-41
342
672
2,537
2,146
3,508
2,601
391
907
490
2, 037
—971
1,461
1,973
3,553
2,711
842
1,305
1,215
90
1,314
1,215
1,985
3,408
99 -1,423
167
207
-40
82
188
-106
548
-1,349
1,842
171
15 -1, 294
-1, 520
-321
-942
-207
-735
Western Europe, including United Kingdom:
4
5
6
Total increase
_ __ _
Through known transactions with the United States, „
Through other transactions
919
_ _
2,123
64
141
2,450
4921,958
1,175
176
999
849
481
368
1,179
305
874
-210
—91
-41
—50
702
656
46
294
637
—486
-343 -1,317
517
103
414
—4
13
—1
14
13
-34
47
4
—2
6
—17
—13
-4
g
-9
17
—282
—154
-128
202
197
5
—190
—190
—197
-389
-247
-149
255
-89
344
169
121
48
477
687
-121
262
882
198
684
440
-761
United Kingdom:
7
8
9
Total increase
Through known transactions with the United States
Through other transactions.
1 052
719
333
-137
179
-632
-208
11
14
-3
—6
6
-12
(*)
17
—17
4
-26
30
—213
129
393
117
276
281
—90
371
170
275
207
149
58
—302
-850
-105
595
464
131
380
482
-102
339
94
245
831
-470
100
-570
-634
101
604
25
76 -1,238
n.a.
200
n.a.
Eastern Europe:
10
11
12
Total increase
Through known transactions with the United States
Through other transactions
____
209
—1
10
—11
14
10
4
-13
3
-16
298
435
291
341
-50
-545
—278
-267
108
28
80
-111
Canada:
13
14
15
Total increase
Through known transactions with the United States
Through other transactions
-215
344
548
192
-137
100
—122
Latin American Republics and other Western Hemisphere:
16
17
18
Total increase
Through known transactions with the United States
Through other transactions _ __
_ -
-302
466
_
-768
225
548
—97
392
-323
-489
—98
-295
395
55
-177
-60
51
Japan:
19
20
21
Total increase
Through known transactions with the United States
Through other transactions
605
618
-13
275
418
-95
905
-170
19
16
324
43
212
16
350
-64
94
-748 -1,000
-189
-308
-169
-334
-158
-13
-93
-86
-7
-169
-257
526
627
289
827
-609
-101
-538
289
-73
362
187
—32
-65
218
-278
-605
-581
-373
443
509
-66
1,373
-899
-140
-604
352
249
593
-344
-143
-322
426
Australia, New Zealand, and South Africa:
22
23
24
Total increase..
_
Through known transactions with the United States .
Through other transactions
_
-
-79
82
-384
-153
305
235
—192
1,091
-1,283
1,019
-831
465
573
516
591
-495
482
-38
131
2
-120
116
-122
133
-139
122
238
272
132
352
397
229
168
-355
Other countries in Asia and Africa:
25
26
27
Total increase.
_
_ _ _ _ _
Through known transactions with the United States
Through other transactions
188
119
537
215
603
-418
-388
929
709
220
11
429
474
379
799
-420
669
1,466
-797
37
477
-440
103
408
-305
-220
89
444
International organizations and unallocated:
28
29
30
Total increase
Through known transactions with the United States 2
Through other transactions ._
r
994
467
527
-224
368
-592
* Preliminary.
N.a. Not available.
Revised. * Less than $500,000. NOTE.—
Detail
may not add to totals because of rounding.
1
Total increase represents changes in reported gold reserves of foreign central banks and
governments (including international organizations but excluding the countries of the Soviet
bloc) net of convertible currencies included in U.S. official reserve assets (table 1, line 48) plus
foreign liquid claims on the United^ States (table 1, lines 58 and 59) plus net changes in foreign
IMF positions through U.S. dollar transactions (table 1, line 49).
Changes through known transactions with the United States represents for each of the separate
areas shown the sum (with sign reversed) of table 8, lines 23, 25, 32, 41, and 51-57. For "All
areas" line 60 is added, and for "All areas" and "International organizations and unallocated"
line 23 is adjusted to exclude net sales or net purchases (—) of gold by U.S. private residents
to the U.S. monetary gold stock. These were (in millions of dollars): 1960, year, -34; 1961,
year, -37; 1962, year, -57; 1963, year, -69; 1964, year, -89; 1965, year, -118; 1966, year
-140; 1967, year, -162; I, -32; II, -32; III, -39; IV, -59; 1968,1, -52.
-418
443
-583
272
-876
706
11
695
590
-46
81
-806
-127
—216
-51
99
-150
-46
192
-73
220
-238
-293
53
300
-247
Changes through other transactions equals "Total increase" less "Changes through known
transactions with the United States." For "All areas" this difference represents known
acquisitions (+) or sales (—) of gold by foreign central banks and governments outside the
United States. The net acquisitions of gold equal the excess of new gold production abroad
plus sales by the Soviet bloc less net gold purchases by others. For each of the separate areas
shown the difference reflects net gold and dollar receipts (+) or payments (—) resulting from
their transactions with countries other than the United States, net of changes in their convertible currencies included in U.S. official reserve assets resulting from U.S. transactions
with other areas, and from unrecorded transactions with the United States.
2 Includes transactions with shipping companies operating under the flag of Honduras,
Liberia, and Panama.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CUEKENT BUSINESS
50
June 1968
Table I.—Supplement to Table 4: U.S. Exports to Major World Areas, by End-Use Categories
[In millions of dollars]
Developing countries \
Developed countries
End-use category and commodity
Global,
all
countries
Total
Western Europe
Canada
Total
Total exports, including special category:
Annual 1965
j\nnrml 1966
Annual 1967
IQ, 1967
<,___
--.
IQ, 1968
Total exports, excluding special category:
Annual 1965
Annual 1966
Annual 1967
IQ, 1967
IQ, 1968
-.
Foods, feeds, and beverages:
Annual 1965
Annual 1966
Annual 1967
IQ, 1967
IQ, 1968
.
Grains and preparations:
Annuall965
.__
_ _ _.
Annual 1966
Annual 1967
IQ, 1967
IQ, 1968
-.
Industrial supplies and materials:
Annual 1965
Annual 1966
Annual 1967
IQ 1967
- - IQ, 1968
Fuels and lubricants:
Annual 1965
Annual 1966
Annual 1967
IQ 1967
IQ 1968
Iron and steel products:
Annual 1965
Annual 1966
Annual 1967
IQ 1967
IQ 1968
Copper (unfabricated) :
Annual 1965
Annual 1966
Annual 1967
- - IQ, 1967
IQ, 1968
Other metals (primary andfinished):
Annual 1965
Annual 1966
Annual 1967
IQ 1967
IQ, 1968
--Chemicals (except medicinals) :
" Annual 1965
- Annual 1966
Annual 1967
IQ 1967
IQ 1968
Other industrial supplies and materials:
Annual 1965
Annual 1966
- Annual 1967
IQ 1967
•-IQ, 1968
Capital goods (except automotive) :
Annual 1965
Annual 1966
Annual 1967
IQ 1967
IQ 1968
Machinery, except consumer-type:
Annual 1965 Annual 1966
Annual 1967
IQ 1967
IQ, 1968
Civilian aircraft, engines and parts:
Annual 1965
Annual 1966
- -Annual 1967
IQ, 1967
IQ 1968
Automotive vehicles, engines, and parts:
Annual 1965
Annual 1966
Annual 1967
IQ, 1967
IQ 1968
.......
Consumer goods, nonfood (except automotive) :
Annual 1965
Annual 1966
Annual 1967
IQ, 1967
IQ, 1968
- - - Exports, n.e.c. and reexports:
Annual 1965
Annual 1966
. . .
Annual 1967
. __
IQ, 1967
. .IQ 1968
Other
Total
Latin
American
Republics
Other
27,478
30,320
31, 534
7,827
8,127
18,315
20, 010
21,375
5,219
5,484
5,643
6, 661
7,173
1,713
1,846
9,224
9,805
10, 099
2,496
2,551
1, 615
1,737
1,960
457
498
5,252
5, 504
5,646
1,417
1,398
2, 357
2,564
2,493
622
655
2,080
2,364
2,696
653
733
1,368
1,180
1, 407
357
354
9,163
10, 310
10, 159
2,608
2,643
3,788
4,231
4,126
1,028
1,048
5,375
6,079
6,033
1,580
1,595
26, 241
29,068
30, 425
7,554
7,869
17, 614
19^ 509
20, 671
5,037
5,325
5,585
6,636
7,146
1,694
1,842
8,712
9,398
9,557
2,353
2,406
1,565
1,683
1,815
434
433
4,968
5,325
5,452
1,365
1,370
2,179
2,390
2, 290
554
603
2,058
2,331
2,666
646
731
1, 260
1, 145
1,302
344
346
8,626
9, 558
9,754
2,517
2,544
3, 751
4,193
4,086
1,018
1,034
4,875
5,365
5,668
1,499
1,510
4,928
5,489
5,001
1,227
1,271
3,174
3,452
3,008
701
695
537
552
481
79
80
1,956
2,127
1,841
454
422
268
304
263
73
53
1,190
1,256
1,150
268
270
498
566
428
113
99
648
704
645
154
184
33
69
41
14
9
1,755
2,037
1,994
526
576
352
407
403
104
89
1,403
1,630
1,591
422
487
2,901
3,504
3,000
745
831
1,704
1,965
1,558
379
379
173
173
126
13
14
1,105
1,313
1,007
255
248
135
184
147
41
31
696
786
684
163
178
275
343
175
50
40
411
426
400
101
112
15
53
25
10
5
1,197
1,539
1,442
366
452
177
257
246
61
55
1,020
1,282
1,196
305
397
8, 866
9,503
9,876
2,455
2,438
6,224
6,662
6,953
1,707
1,711
1,752
1,888
1,890
444
456
3,218
3,370
3,353
841
834
633
664
718
156
155
1,930
2,043
2,012
526
507
655
663
623
158
172
869
1,025
1,324
324
333
385
379
386
98
88
2,642
2,841
2,923
748
727
1,231
1,381
1,266
304
318
1,411
1,460
1,657
444
409
948
977
1,106
227
227
744
751
875
168
171
217
234
247
29
33
364
349
397
82
73
29
28
90
6
8
261
253
239
61
48
74
68
67
16
18
138
142
208
52
59
25
26
23
5
5
204
226
231
59
56
106
134
136
34
37
98
92
95
25
19
759
699
701
200
157
390
383
373
100
88
245
256
241
66
62
121
104
107
28
20
22
23
26
8
6
51
54
57
14
11
48
26
24
6
4
6
6
9
2
2
18
17
16
4
4
369
316
328
101
69
150
139
120
29
28
219
178
208
72
41
338
332
262
77
66
268
254
233
66
59
14
14
31
4
17
203
192
136
43
30
54
41
25
8
2
116
128
96
31
23
33
23
15
3
5
42
47
66
19
12
10
70
78
29
12
7
19
61
13
4
7
51
17
16
7
958
1,044
1,166
296
264
737
797
904
222
199
277
292
283
64
62
317
314
325
83
88
72
59
56
14
14
193
208
224
60
63
52
46
44
9
12
126
175
277
69
44
18
17
18
5
5
220
247
263
74
65
124
133
122
31
29
96
114
141
43
36
1,949
2,200
2,314
552
612
1,301
1,412
1,482
373
401
344
373
391
100
105
709
752
756
194
216
128
140
140
38
34
452
487
488
126
148
128
126
128
30
.34
136
161
206
49
50
112
126
129
30
30
648
787
832
180
212
370
423
416
91
105
278
365
416
89
107
3,914
4,251
4,326
1,103
1,113
2,784
3,066
3,086
780
796
656
719
697
182
177
1,505
1,659
1,633
411
407
327
372
380
82
93
858
914
908
234
215
320
374
345
94
98
421
495
558
133
167
202
193
198
54
45
1,130
1,185
1,240
322
318
461
491
459
115
112
669
694
781
207
206
8,129
8, 892
9,909
2,471
2, 649
5,556
6,044
6,833
1,684
1, 842
1,873
2,203
2,301
579
590
2,623
2,887
3,363
809
902
516
546
662
164
178
1,417
1,553
1,808
451
470
690
788
894
194
254
426
464
524
125
157
634
490
645
171
193
2,573
2,848
3,075
787
806
1,243
1,408
1,512
384
399
1,330
1,440
1,563
403
407
6,884
7,527
8,114
2,046
2,037
4,632
5,063
5,476
1,397
1,389
1,744
2,011
2,032
532
510
2,133
2,338
2,557
642
630
470
501
577
147
151
1,101
1,214
1,344
332
330
562
623
637
164
150
295
313
408
98
127
460
401
479
125
122
2,252
2,464
2,638
649
649
1, 121
1,221
1,299
307
328
1,131
1,243
1,339
342
321
1,076
1,224
1,612
372
586
875
930
1,315
276
448
98
158
233
37
75
472
531
800
164
271
46
44
85
17
27
311
337
461
118
140
116
151
254
29
103
131
151
116
28
30
174
90
166
47
72
202
295
297
97
139
86
159
150
53
58
116
136
147
44
81
1,841
2,354
2,783
682
793
1,149
1,602
2,084
499
615
826
1,270
1,755
413
534
202
215
191
49
42
24
28
24
6
6
94
89
92
23
23
85
99
75
20
14
15
16
18
6
11
106
101
120
31
28
691
753
700
183
178
457
488
438
114
116
234
265
262
70
62
1,799
2,034
2,111
539
528
1,088
1,242
1,294
326
330
392
466
483
121
122
535
592
600
152
150
92
97
103
24
25
255
294
291
74
76
189
201
206
55
49
74
94
116
28
35
87
90
95
25
23
710
792
817
212
198
327
357
350
84
85
383
435
467
129
113
679
796
745
179
190
422
508
499
118
131
204
257
236
58
61
178
207
209
48
55
33
45
46
11
15
83
90
98
22
25
62
72
64
14
14
26
28
39
9
11
14
16
15
3
4
256
288
246
61
59
142
152
116
28
27
115
136
130
33
32
NOTE: Detail may not add to totals because of rounding.
*Less than $500,000.
E.E.C.
U.K.
Australia,
New Zealand,
R. of S.Africa
Japan
(*)
(*)
(*)
(*)
(*)
i "Developing countries" data include all Communist-bloc countries, whether "Developed" or "Developing".
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CUKEENT BUSINESS
June 1968
51
Table II.—Supplement to Table 4: U.S. Imports from Major World Areas, by End-Use Categories
[In millions of dollars]
Developed countries
Global,
all
countries
End-use category and commodity
Total General Imports:
Annual 1965 2
Annual 1966
Annual 1967
IQ, 1967
IQ, 1968_
Foods, feeds, and beverages:
Annual 1965
Annual 1966
_ _ __
Annual 1967
IQ, 1967
IQ, 1968
Industrial supplies and materials:
Annual 1965
Annual 1966
Annual 1967
IQ, 1967
IQ, 1968
Fuels and lubricants:
Annual 1965
Annual 1966
Annual 1967
IQ, 1967
IQ, 1968. _ _
Iron and steel products:
Annual 1965
Annual 1966
Annual 1967
IQ 1967
IQ, 1968
Copper (unfabricated) :
Annual 1965
Annual 1966
Annual 1967
IQ, 1967IQ, 1968
Other metals (primary andfinished):
Annual 1965
Annual 1966
Annual 1967
IQ, 1967
IQ, 1968.
C hemicals (except medicinals) :
Annual 1965
Annual 1966
Annual 1967
IQ, 1967.
__
•„
IQ, 1968...
Other:
Annual 1965
Annual 1966
Annual 1967
IQ, 1967.
IQ, 1968
Capital goods (except automotive) :
Annual 1965 _
Annual 1966
-,
Annual 1967
IQ, 1967. .
IQ, 1968
Machinery, except consumer-type:
Annual 1965
Annual 1966 .
Annual 1967 .
IQ, 1967.
IQ, 1968
Civilian aircraft, engines and parts:
Annual 1965.
Annual 1966
Annual 1967
IQ. 1967.
IQ, 1968
Automotive vehicles, engines and parts:
Annual 1965
Annual 1966
Annual 1967
IQ, 1967
IQ, 1968
Consumer goods, nonfood, (except automotive):
Annual 1965
Annual 1966
Annual 1967 _
IQ, 1967
IQ, 1968
Imports, n.e.c.:
Annual 1965
Annual 1966
Annual 1967
IQ, 1967
IQ, 1968
._
_ _ ~
-
- --
_
.
.
- ..
...
_ _
_ __
Western Europe
Total
Canada
Total
E.E.C.
U.K.
Other
Australia,
New
Zealand,
E. of
S. Africa
Japan
Total
Latin
American
Republics
Other
21, 458
25, 542
26, 816
6,620
7,742
14, 134
17, 590
18, 942
4,523
5,542
4,841
6,125
7,099
1,622
2,064
6,196
7,678
8,055
2,007
2,443
1,413
1,786
1, 710
428
462
3,344
4,125
4,457
1,072
1,408
1,439
1,767
1,888
507
573
2,425
2,963
2,999
701
821
672
824
789
193
214
7,324
7,952
7,874
2,097
2,200
3,683
3,970
3,853
1,030
1,097
3,641
3,982
4,021
1,067
1, 103
3,946
4,499
4,586
1,149
1,186
1,499
1,807
1,857
413
442
468
490
451
91
114
682
845
912
207
214
226
268
278
52
55
226
274
296
65
70
230
303
338
90
89
93
124
112
29
28
255
348
383
86
87
2,447
2,692
2,729
736
744
1,582
1,763
1,772
476
508
865
929
957
260
236
10, 961
12, 086
11, 780
2,999
3,481
6,827
7,733
7,773
1,884
2,331
3,347
3,720
3,824
872
1,033
2,136
2,468
2,571
672
882
345
421
409
107
141
1,173
1,327
1,460
345
491
618
720
702
221
250
1,011
1,144
1,065
251
315
332
400
313
89
102
4,135
4,353
4,006
1,115
1,149
1,979
2,076
1,894
516
540
2,156
2,277
2,112
599
609
2,212
2,247
2,235
621
657
400
467
573
136
178
392
441
531
127
157
5
24
41
8
21
9
5
8
2
5
4
18
30
5
12
1,812
1,780
1,662
485
479
1,024
1,004
975
273
287
788
776
686
212
191
1,273
1,312
1,422
313
419
1,241
1,276
1,375
302
405
105
122
122
30
56
601
561
667
138
169
94
94
101
21
27
464
417
511
103
129
44
50
55
14
13
4
17
8
3
2
32
36
47
11
14
21
25
30
7
9
11
11
17
4
5
361
503
563
126
296
104
169
277
48
195
55
96
140
27
44
11
35
102
12
136
15
18
5
20
1
16
70
6
103
10
4
14
1
13
2
36
38
35
9
16
257
334
286
78
101
241
301
249
73
69
16
33
38
5
32
2,063
2,408
2,299
551
616
1,303
1,579
1,536
349
409
791
868
878
158
214
343
485
452
136
137
61
106
102
30
37
148
236
203
64
53
133
144
147
42
46
97
123
104
27
26
72
102
100
28
32
760
829
763
202
207
317
339
290
73
73
443
490
472
129
134
445
573
582
154
171
403
515
522
139
155
159
181
196
54
60
211
281
271
70
81
37
52
47
13
13
134
177
178
45
54
39
52
46
12
14
32
52
53
14
14
1
2
2
42
58
60
15
16
26
30
25
7
6
16
28
35
8
10
4,607
5,043
4,680
1,234
1,321
3,376
3,727
3,490
911
989
1,845
2,012
1,956
476
501
966
1,082
1,039
308
339
152
149
134
36
39
422
464
468
121
141
392
469
435
151
159
345
391
329
78
97
220
242
167
48
52
1,231
1,316
1,190
323
332
350
378
324
82
95
881
938
866
241
237
1,458
2,135
2,382
613
678
1,429
2,064
2,284
588
647
376
470
574
153
159
885
1,315
1,393
362
395
289
448
376
107
101
438
638
731
184
205
157
229
285
71
89
165
-275
313
72
92
3
4
4
1
1
29
71
98
25
31
3
7
18
3
8
26
64
80
22
23
1,356
1,923
2, 252
577
633
1,328
1,853
2,155
553
602
356
443
53fr
143
145
804
1,134
1,309
343
371
221
308
329
95
88
426
597
696
177
194
156
229
284
71
89
165
272
306
66
85
3
4
4
1
1
28
70
97
24
31
3
7
18
3
8
25
63
79
21
23
102
212
130
36
45
101
212
128
36
45
20
28
38
11
14
81
181
83
19
24
68
140
47
12
13
12
41
35
7
11
(*) !
(*)
939
1,910
2,627
648
992
938
1,908
2,625
648
991
246
916
1,593
355
595
652
915
916
258
344
109
136
125
39
32
498
721
713
196
290
45
58
79
22
23
39
76
116
35
52
3,305
3,912
4,221
947
1,100
2,742
3,238
3,380
768
873
82
93
121
23
37
1,561
1,822
1,871
435
502
384
447
429
105
106
855
995
1,052
243
292
322
380
390
' 87
104
1,073
1,297
1,333
302
319
25
25
54
8
14
563
674
841
179
227
53
66
87
19
23
510
608
754
160
204
849
1,000
1,220
264
305
700
841
1,022
222
257
322
435
537
127
126
279
312
392
74
106
59
66
93
18
26
153
169
204
39
61
67
77
95
16
20
43
48
60
12
15
56
45
33
8
10
149
159
198
42
48
65
56
81
16
18
84
103
117
26
30
NOTE: Details may not add to totals because of rounding.
*Less
than $500,000.
1
"Developing countries" data include all Communist-bloc countries whether "Developed" or "Developing".
Developing countries 1
(*)
3
2
1
1
(*)
3
1
4
w
(*)
531
576
578
131
178
(*)
(*)
(*)
(*)
.(*)
.(*)
3
7
6
7
(*)
1
(*)
(*)
(*)
(*)
(*)
(*)
2
(*)'
(*)
1
1
8 '
1
(*)
(*)
(*)
'(*)
(*)
(*)
(*)
1
2
2
(*)
2
1
2
1
(*)
8,
(*)
(*)
2
In 1965, total includes $92 million adjustment distributed by areas and commodity groups
to correct for distortions in the monthly flow of import documents transmitted by Customs
to the Census Bureau.
Source: U.S. Department of Commerce, Office of Business Economics.
52
SUEVEY OF CURRENT BUSINESS
June 1968
raised merchandise exports by $18 now recorded separately in line A.33.
million in 1967 and imports by $68 Thus, the estimated expenditures on
million; in earlier years they were raised U.S. merchandise (line A.27) are more
by lesser amounts.
directly comparable to data published
Revisions have been made in part A elsewhere showing merchandise exports
of table 5. Under, the revisions, esti- under the various Government promated expenditures from the Govern- grams. Similar changes have been made
ment grant and credit programs for in the estimation of the other transmerchandise exports from the United actions involving no direct dollar outStates are shown without deductions flow from the United States (specifically
for U.S. use of any foreign currency lines A.28, A.29, and A.30). These
accruing from such exports. The deduc- revisions do not affect the resulting total
tions for use of the foreign currency are estimate of transactions involving no
direct dollar outflow (line A.26) nor do
they affect the estimate of dollar payments abroad (line A.34).
Seasonal adjustments were revised by
extending through 1967 the period for
which seasonal variations were computed. These revisions had relatively
small effects on the seasonal adjustment
of the liquidity and official reserve
transactions balances in the first and
second quarters, but reduced the positive adjustment in the third quarter
and increased it in the fourth.
The Business Situation
(Continued from page ?)
increase in the rate of accumulation are
suggested by the actual changes in
manufacturing and trade stocks for
April, the rise in auto stocks this spring,
and the increases anticipated for the
second and third quarters in OBE's
quarterly survey of manufacturers,
which is detailed on p. 11. In April, manufacturing and trade firms combined
added more than $1% billion to the book
value of their stocks as compared with
average monthly additions of $370
million in the first quarter.
Accumulation by nonf arm businesses
declined to a seasonally adjusted annual
rate of $1.8 billion (GNP basis) in the
first quarter of 1968 after a $7.7 billion
buildup in the final quarter of last year.
The slowdown in final sales late in 1967
and the sharp upsurge that followed in
the January-March period were largely
responsible for the pronounced differences in the rates of accumulation.
The first quarter rise in retail sales
was extremely large, and the change in
investment in total trade stocks—from
an annual rate of $4% billion in the
fourth quarter to almost zero in the
first—accounted for nearly threefourths of the overall $6 billion decline
in nonf arm stocks (chart 3). Stocks 1966. The ratio had been quite stable
held by firms in nondurable lines at at about 0.215 for an extended period
both wholesale and retail showed vir- from 1962 through mid-1966.
tually no change in the first quarter
following large additions in the final
Foreign Travel
quarter of 1967. Stocks of durable goods
(Continued from page 17}
wholesalers decreased after a fourth
quarter rise; however, durable goods the number of oversea visitors is subretailers built up their stocks at a ject to some double counting for this
slightly faster rate than in the fourth reason, the estimate of U.S. receipts
quarter. Here, a step-up in the rate of from such visitors is free of overstateaccumulation by auto dealers after the ment. Visits by residents of Europe
end of the auto strikes was partly and the Mediterranean area to the
offset by a reduction in accumulation United States totaled 866,000, up 30
by retailers in other durable lines of percent over 1966. Their expenditures
here rose to $230 million, a rise of only
retail trade.
Additions by manufacturers in the 7 percent over the previous year. Confirst quarter were only one-third the tinuation of the severe exchange resize of the large additions made in the strictions in effect in the United
last 3 months of 1967. The decrease Kingdom beginning in mid-1966 was
was due entirely to durable goods a major factor contributing to the
producers. Most durable goods indus- 37-percent decline in outlays by British
tries experienced reduced rates of ac- visitors to this country.
Over 600,000 visitors from the West
cumulation in the first quarter, and a
few, notably machinery, shifted from Indies and Central and South America
accumulation to decumulation. Non- spent about $260 million last year in
durable goods manufacturers stepped this country. Another 255,000 oversea
up their additions slightly.
residents from all other areas made
The ratio of nonfarm stocks to GNP trips here and spent about $120 million.
in real terms was 0.222 in the first Nearly 35 percent of U.S. travel receipts
quarter—below the recent highs of from these "other oversea areas" were
0.226 in the first half of 1967 and about due to expenditures by 76,000 Japanese
the same as in the fourth quarter of visitors.
U. S, GOVERNMENT POINTING OFFJC.E ; 19(58 O - 306-294
CURRENT BUSINESS STATISTICS
JLHE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly
SURVEY beginning with the September 1967 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.
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual total
1966
1965
I
II
III
IV
I
II
1968
1967
IV
III
II
I
III | IV
I
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil. $__
683.9
743.3
785.0
662.7
675.4
690.0
708.4
725.9
736.7
748.8
762.1
766.3
775.1
791.2
807.3
826.7
do_ __
433.1
465.9
491.7
420.2
428.1
436.4
447.8
458.2
461.6
470.1
473.8
480 2
489 7
495.3
501. 8
518. 7
66.0
29.9
27.0
70.3
29.8
29.9
72.1
29.3
32.0
65.2
30.4
25.8
64.2
29.2
26.1
66.1
29.8
27.3
68.6
30.3
28.9
71.6
31.4
29.4
68.2
28.5
29.1
70.9
29.8
30.6
70.6
29.6
30.6
69 4
27 3
31.4
72 5
29 7
31.9
72.7
29.9
32.1
73.8
30.1
32.6
78.4
33.2
34.2
191.2
36.1
99.0
15.1
207.5
40.3
106.7
16 2
217.5
42.8
110.6
17.5
184.6
34.6
95.6
14.3
189.8
35.6
98.3
15.1
192.4
36.2
99.4
15 3
198.0
37.8
102.5
15 7
203.2
39 5
105.2
15 8
207.1
39 8
107. 0
16 2
209.5
41 0
107.3
16 3
210.3
40 8
107 2
16 6
214 2
41 5
109 3
17 1
217 2
43 2
110 1
17 5
218.5
43 7
110 9
17 5
220.3
43 1
112 2
17 8
228. 1
45. 4
115.1
18 6
do
do
do
do
175 9
25.7
63.6
12 6
188 1
27 0
67.1
13 6
202 1
28.2
71.3
14 7
170 4
24 7
61.9
12 0
174 2
25 5
63.2
12 5
177 8
26 1
64.2
12 8
181 2
26 5
65 3
13 1
183 5
26 1
66 2
13 2
186 3
26 9
66 5
13 5
189 8
27 4
67 4
13 7
192
27
68
14
196 6
27 8
69 6
14 4
200 0
28 1
70 6
14 6
204 1
28 1
71 9
14 8
207 7
28 8
73 3
15 1
?12 1
29 1
75.0
15 5
do
107.4
118.0
112.1
105.1
105.1
108.2
112.3
115 2
118.5
116 4
122 2
110 4
105 1
112 2
120 8
118.0
98.0
71.1
25.1
46.0
27.0
26.4
9.4
8.4
104.6
80.2
27.9
52.3
24.4
23.8
13.4
13 7
107.0
82.6
26.8
55.7
24.4
23.9
5.2
4.8
94.4
67.3
23.1
44.1
27.2
26.6
10.6
10 1
96 3
69.3
24.7
44.6
27.0
26.5
8.8
7.9
98 8
71.9
25.1
46.8
26.9
26.4
9.4
7.9
102 4
75.7
27.3
48.3
26.8
26.2
9.9
87
105 3
78.3
28.3
50.0
27 0
26.5
9.9
96
104 5
78.7
27.5
51.2
25.8
25.3
14.0
14.4
104 9
81 2
28.2
53.1
23 7
23.2
11.4
12 0
103 7
82 8
27.7
55.1
20 9
20.4
18.5
19 0
103 3
81 9
27 7
54.2
21 4
20 9
7.1
7 3
104 6
81 5
26 3
55 2
23 1
22 5
.5
6
108 4
82 8
26.6
56.2
25 6
25.0
3.8
3.4
111 6
84 0
26 7
57.3
27 6
27 0
9.2
77
115.4
87.2
28.5
58.7
28.2
27.6
2.7
1.8
6.9
39 1
32.2
5.1
43 0
37.9
4.8
45 3
40.6
6.1
35 1
28.9
8.2
40 7
32.6
7.4
40 3
32.9
6.1
40 5
34 4
6.1
42 0
36 0
5.4
42 5
37.1
4.6
43 7
39 0
4.3
44 0
39 7
5.3
45 3
39 9
5.3
45 1
39 8
5.4
45 6
40.2
3.0
45 4
42 4
1.7
47.2
45.5
Govt. purchases of goods and services, total, .do
Federal
do
National defense
do
State and local
_
do
136.4
66.8
50.1
69.6
154.3
77.0
60.5
77 2
176.3
89.9
72.5
86 4
131.3
64 3
48.4
66 9
133.9
65.4
49.2
68 6
138.1
67.6
50.3
70 4
142.3
69 8
52 4
72 5
146.5
72 1
55.1
74 3
151.2
74.9
58.4
76 2
157.7
79 5
63.0
78 1
161.7
81 5
65 6
80 2
170.4
87 1 70 2
83 3
175.0
89 5
72.5
85 4
178.2
90 9
73.3
87 4
181.7
92 2
74.2
89 5
188.3
96.2
76.7
92.1
By major type of product:
Final sales, total
Goods, total
Durable goods
Nondurable goods___
Services.. _ _ _ _ _ _
Structures
do
do
do
do
do
do
674 5
337 2
132 8
204.4
262 9
74.4
729 9
366 2
144 7
221 5
287 2
76.5
779 8
390 8
155 7
235 1
311 2
77.8
652 0
325 9
129 6
196 3
254 6
71 6
•666 5
332 8
130 0
202 9
260 1
73 6
680 6
340 2
133 9
206.3
266 0
74 4
698 5
349 9
137 9
212 0
271 0
77 6
716 0
359 6
143 2
216 4
276 6
79 9
722 6
361 7
141 6
220 1
283 5
77.4
737 4
370 3
145 8
224 5
291 6
75 5
743 6
373 2
148 3
224 9
296 9
73 5
759 2
380 9
150 5
230 5
303 1
75 2
774 6
391 6
156 0
235.5
307 8
75.2
787 4
394 9
157 9
237 0
313 5
79 0
798 1
396 0
158 6
237 4
320 3
81 8
824.0
412.5
165 1
247.4
326.7
84.8
do
do
do
9.4
6 7
27
13.4
99
35
5.2
2 7
2 5
10.6
8 7
20
8.8
70
18
9.4
71
23
9.9
50
49
9.9
74
2 5
14.0
9 7
43
11.4
99
15
18.5
12 8
57
7.1
34
37
.5
— 6
1i
3.8
35
3
9.2
45
4 7
2.7
1.2
1.5
601.5
609.7
620.7
634.4
645.4
649.3
654.8
661.1
660.7
664.7
672.0
679.6
689.7
389.1
394.1
400.7
4Q9.9
416.2
415. 2
420.4
424.2
430.6
431.5
434.0
444.7
72 7
192.8
166 0
73 0
193.6
167 4
77.1
198.6
169.0
Gross national product, total
Personal consumption expenditures, total
Durable goods, total 9 _ _ _ _ _ _
__ _ _ do
Automobiles and parts
do
Furniture and household equipment
do
Nondurable goods, total?
Clothing and shoes
Food and beverages
Gasoline and oil
Services total 9
_•
Household operation
Housing
_ _
Transportation
- - do_ _
do
___do _
do
_
Gross private domestic investment, total
Fixed investment
do
NonresidentiaL _ _ _ _
_ _ _ _do
Structures
_
_ _do_ _
Producers' durable equipment
do
Residential structures
_
do
Nonfarm___
_ _ _ _ _do_ _
Change in business inventories
do
Nonfarm
do
Net exports of goods and services
Exports
Imports
_
- -
_
_
_ _
Change in business inventories
Durable goods _ _
Nondurable goods
do_ _
do
do
9
7
5
0
GNP in constant (1958) dollars
Gross national product, total
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services
Gross private domestic investment, total
bil. $__
616.7
652.6
669.3
do
398.4
418.0
430.1
do
do
do
66 4
178. 9
153 2
71 3
187 7
159 1
72 1
193.0
165 0
65 0
174 7
149 4
64 1
178 0
152 0
66 8
179 3
154 6
69 5
183 6
156 8
73 0
185 8
157 3
69 3
187 7
158 2
71 9
188 8
159 8
71 1
188 4
160 9
69 7
191 8
162 6
72.9
193.6
164 1
do
98.0
105. 6
96.9
95.9
95. 9
98.3
101.6
104. 0
106. 5
103.6
108. 4
96.9
91.3
96.4
103.0
99.5
92 4
69 7
22 6
9.2
94 5
71 8
22 8
9.5
93 1
71 7
21 4
13.4
93 0
73 6
19 4
10.6
91 2
74 2
17 0
17.2
90 2
73 0
17 3
6.7
90 9
72.6
18.3
.4
92 9
73 2
19.7
3.5
94.4
73.3
21.0
8.7
96.9
75.5
21.4
2.5
420.4
Fixed investment
NonresidentiaLResidential structures
Change in business inventories
do
do
do
do
89 1
66.0
23.2
8.8
93 0
72 8
20 2
12.6
92 1
73 0
19.1
4.8
Net exports of goods and services
do
6.0
44
3.6
52
68
6 4
56
54
48
41
32
41
4.1
4.2
1.9
.6
Govt. purchases of goods and services, total do
114 3
124 5 138 7
Federal
do
74 1
57 8
64 7
State and local
do
56 4
64 6
59 9
r
Revised.
*> Preliminary.
9 Includes data not shown s sparately
111 3
56 3
55 0
112 9
57 1
55 8
115 3
58 5
56 7
117 4
59 3
58 0
119 9
61 2
58 7
122 7
63 4
59 4
126 6
66 4
60 1
129 1
67 8
61 3
135 5
72 3
63 2
138. 7
74 4
64 3
139 9
75 1
64 9
140.7
74 7
66.0
145. 0
77.9
67.1
86 6
62 9
23 7
9.3
87 9
64 5
23 4
8.0
89 6
66 7
23 0
8.7
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
1967
Annual total
1966
1965
III
June 1968
IV
I
II
1967
III
IV
I
II
1968
III
IV
I
II
III
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
bil. $
562.4
616.7
650.2
566.5
582.8
600.3
610.4
622.1
634.1
636.4
641.6
653.4
669.3
686.2
do
393.9
435.7
469.7
397.2
408.4
420.8
430.7
441.2
450.2
459.1
463.4
472.6
483.6
497.6
do
do _
do
do
do
359.1
289.8
12.1
57.1
34.9
394.6
316.7
14.7
63.2
41.1
423.8
337.5
16.4
69.8
45.9
362. 0
292.1
12.1
57.8
35.2
372.4
300.0
13.1
59.4
36.0
381.3
306.9
13.6
60.7
39.5
390.2
313.8
14.2
62.2
40.5
399.6
320.1
15.1
64.3
41.6
407.4
326.1
15.8
65.6
42.7
414.7
331.4
16.1
67.3
44.4
418.3
333.2
16.2
68.9
45.2
426.2
339. 4
16.3
70.6
46.4
435.9
346.2
17.3
72.5
47.6
447.6
355. 9
17.6
74.0
50.0
56.7
41.9
14.8
19.0
59.3
43.2
16.1
19.4
58.4
43.6
14.8
20.1
57.2
42.0
15.2
19.1
57.8
42.5
15.3
19.2
60.0
42.8
17.1
19.2
59.3
43.3
16.0
19.3
59.2
43.3
15.9
19.4
58.6
43.4
15.1
19.6
57.8
43.2
14.6
19.8
57.8
43.4
14.3
20.0
58.8
43.8
15.0
20.2
59.3
44.1
15.2
20.4
59.9
44.4
15.5
20.6
74.9
82.2
79.6
74.9
78.7
81.1
81.3
81.9
84.6
78.1
78.3
79.2
82.7
'84.2
8.4
66.5
38.7
16.5
22.2
9.3
72.9
43.1
18.7
24.4
9.7
69.9
39.3
18.0
21.3
8.4
66.5
38.6
16.5
22.1
8.6
70.0
41.0
17.4
23.7
8.9
72.2
42.7
18.3
24.3
9.0
72.2
42.5
18.5
24.0
9.5
72.4
42.7
18.8
23.9
9.6
75.0
44.4
19.2
25.3
9.6
68.5
39.6
18.4
21.1
9.5
68.8
38.9
17.8
21.1
9.6
69.6
38.2
17.7
20.5
10.0
72.7
40.6
18.3
22.4
10.5
'73.7
41.9
19.4
22.5
11.2
16.6
11.9
18.0
12.0
18.6
11.2
16.7
12.0
17.0
11.7
17.8
12.0
17.8
11.8
17.9
12.0
18.6
11.7
17.3
11.9
18.0
12.1
19.3
12.3
19.8
12.5
19.3
76.6
31.4
45.2
19.8
25.4
-1.7
17.9
83.8
34.5
49.3
21.5
27.8
-1.6
20.2
80.7
33.2
47.5
22.8
24.7
-1.2
22.4
75.8
31.1
44.8
20.2
24.6
-.9
18.2
80.8
33.1
47.7
20.9
26.8
-2.2
18.8
83.7
34.5
49.2
21.4
27.8
-2.6
19.3
83.6
34.5
49.2
21.6
27.6
-2.3
19.8
84.0
34.6
49.4
21.6
27.8
-2.2
20.4
83.9
34.6
49.3
21.2
28.2
.7
21.1
79.0
32.5
46.5
22.2
24.2
-.8
21.6
78.9
32.5
46.5
23.1
23.4
-.7
22.1
80.0
32.9
47.1
23.4
23.6
-.8
22.7
85.1
35.0
50.1
22.4
27.6
-2.3
23.3
'88.7
'36.2
'52.5
23.2
'29.2
-4.5
23.9
do
do.___
537.8
65.6
472.2
445.0
27.2
584.0
75.2
508.8
479.0
29.8
626.4
81.7
544.7
505.9
38.7
544.6
65.2
479.4
448.5
30.9
556.1
66.7
489.4
460.1
29.3
567.8
70.4
497.5
470.9
26.6
577.3
74.1
503.3
474.6
28.7
589.3
76.9
512.4
483.2
29.2
601.6
79.6
522.0
487.4
34.6
612.9
80.2
532.7
493.9
38.8
619.1
79.1
540.0
504.0
36.0
631.0
82.8
548.2
509.6
38.5
642.5
84.7
557.9
516.2
41.6
659.0
87.5
571.5
533.5
38.0
bil $
do_ _
do
do
51.96
22.45
11.40
11.05
60.63
26.99
13.99
13.00
61.66
26.69
13.70
13.00
13.41
5.73
2.91
2.82
14.95
6.72
3.48
3.24
12.77
5.61
2.87
^2.74
15. 29
6.78
3.51
3.27
15.57
6.84
3.54
3.30
17.00
7.75
4.07
3.68
13.59
6.10
3.08
3.02
15.61
6.81
3.46
3.34
15.40
6.48
3.33
3.15
17.05 ' 14. 28
7.30 '5.79
3.82 '2.96
3.48 '2.82
Mining
Railroad
_
Transportation, other than rail
Public utilities
Communication
Commercial and other
do
do
do
do
do
do
1.30
1.73
2.81
6.94
4.94
11.79
1.47
1.98
3.44
8.41
5.62
12.74
1.42
1.53
3.88
9.88
5.91
12.34
.32
.44
.72
1.88
1.22
3.10
.35
.46
.73
2.04
1.41
3.25
.33
.40
.75
1.60
1.26
2.83
.40
.55
1.00
2.09
1.42
3.06
.37
.48
.82
2.36
1.36
3.33
.38
.55
.86
2.36
1.58
3.52
.32
.41
.70
1.84
1.35
2.87
.34
.41
1.12
2.46
1.49
2.99
.37
.35
.98
2.66
1.46
3.09
.39
.36
1.07
2.92
1.62
3.39
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries^
Nondurable goods industries^
do
do
do
do
52.75
23.00
11.75
11.25
55.35
24.15
12.45
11.70
58.00
25.60
13.15
12.45
60.10
26.80
13.85
12.95
61.25
27.55
14.35
13.20
62.80
27.75
14.50
13.25
61.65
27.85
14.20
13.70
61.50
27.00
13.75
13.25
60.90
26.15
13.50
12.65
62.70
26.00
13.50
12.55
Mining
Railroad _
_ _
Transportation, other than rail
Public utilities
Communication
Commercial and other
do
do
do
do
do
do
1.25
1.70
3.00
6.75
5.05
11.95
1.35
1.95
3.00
7.30
5.30
12.25
1.40
1.75
3.30
8.25
5.35
12.35
1.55
2.00
3.50
8.30
5.50
12.45
1.45
1.85
3.40
8.55
5.60
12.85
1.45
2.35
3.50
8.50
5.95
13.30
1.40
1.80
3.05
9.20
5.75
12.55
1.30
1.55
3.90
9.70
5.80
12.25
1.45
1.40
4.10
9.80
6.05
11.95
1.60
1.55 '1.55
1.50
1.35
1.40 ' 1.65 '1.30
4.75
4.45 '4.35 '3.65
10.65 ' 11. 60 ' 11. 40 10.75
6.35
6.05
12.65 ' 13. 00 '319. 00 s 19. 30
' 10,084
' 6, 811
'229
'1,473
'1,571
' 10,120
'6,925
'206
'1,345
' 1, 644
National income, total
C ompensation of employees total
Wages and salaries, total
Private
Military
_
_
Government civilian
Supplements to wages and salaries
Proprietors' income total 9
Business and professional 9
Farm
Rental income of persons
do
do
do
do
Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations, total
do
Manufacturing total
do
Nondurable goods industries
do
Transportation, communication, and public
utilities
bil $
All other industries
do
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest
do
do
do
do
do
do
do
,
"
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total.
Less: Personal tax and nontax payments
__bil. $
do
Less: Personal outlays©
Equals: Personal saving§
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing.
Durable goods industries^
Nondurable goods industries^
U6. 37 2 16. 73
7.02
'6.97
3.68
'3.63
3.34
'3.34
.40
'.36
'.40
.34
'.37
'.34
'.98 '1.04
1.16
2.92
'2.33 ' 2. 90
1.48
'2.96 ' 3 4. 71 34.88
'
'
'
'
64. 90 ' 1 64. 60 2 66. 05
26. 35 ' 27. 65 28. 30
14.90
13. 65 ' 14. 45
13.40
12. 70 ' 13. 20
U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil. $ '39,197 r 43, 144 ' 45, 757
26,244 ' 29, 176 '30,468
Merchandise adjusted, excl. military
do
'829
r 1, 239
Military sales
___
_ _
do
'830
' 5, 894 ••6,252 ' 6, 859
Income on U.S. investments abroad
do
'
6,
887
' 7, 191
Other services
do
'6,229
' 10,528 ' 10,645 ' 10,912 ' 11,059
' 7, 188 ' 7, 179 ' 7, 369 ' 7, 440
'205
'200
'205
'219
'1,478 'T 1, 537 ' 1, 589 '1,648
'
1,
766
' 1, 662
'
1,
749
1, 710
' 11,371 ' 11,377 ' 11,513
' 7, 661 ' 7, 703 7,626
'245
336
'335
' 1, 594 ' 1, 556 ' 1, 827
' 1, 781 ' 1, 782 ' 1, 815
' 11,496
' 7, 478
'323
'1,882
' 1, 813
pll,867
•p 7,924
p306
v 1,761
v 1,876
r
Imports of goods and services
do___ ••-32,29 ' -38, 06 r -40, 98 ' -8, 25 '-8,62 r -9, 02 '-9,33 ' -9, 77 '-9,92 - 10,07 '-10,10 '-10,15 '-10,64 p— 11,49
Merchandise, adjusted, excl. military.. . _ _do_ _ ••-21,516 ' -25, 54 r -26, 99 '-5,56 ' -5, 78 ' -6, 036 '-6,263 '-6,56 '-6,67 ••-6,686 '-6,60£>'-6,541 ' — 7, 15 p-7,84
'-1,072 '-1,06£>'-l,09£\ '-1,10 p 1 10
'-962
'-979
' -2, 945 r -3,736 ' -4,339 '-761 '-793 '-872 '-923
-563 '-560 ' -560 ' -575 '-598 p -650
-469 '-476 ' -479 '-556
Income on foreign investments in the U.S__do.__ -1, 729 -2, 074 r -2,293 '-430
Other services
do
' -6,ioe ' -6,712 ' -7,365 ' -1,49 ' -1,58 -1, 636 ' -1,671 ' -1,69CJ ' -1,71 ' -1,760 ' -1,878\ ' -1,94C) ' -1,78 p-1,89
Unilateral transfers, net (excl. military grants);
transfers to foreigners ( )
mil $ ' -2,834 -2,925 ' -3,075 '-711 '-680 '-845 '-732 '-701 '-647 '-730 ' -859 ' -845 ' -641 p -639
r
Revised.
v Preliminary.
©P ersonal 3utlays (jomprise personal consum ption ex penditures, interest paid by con1
sume rs, and personal t ransfer p ayments to foreigilers.
Estimates for Apr.-June 1968 based on anticipated capita expendit ures of bu siness.
§Pe rsonal sa ving is e xcess of d isposabk income over per sonal outlays,
2 Estimates for July-Sept. 1968 based on antici pated ca pital exp 3nditures of busir ess.
HD ata for iridividua durable and nor durable goods in dustries components appear in the
Anticipated expenditures for the year 1968 are as foll(}ws (in b l.$):Alliiidustries, 65.78; ni£inuMar., June, Se pt., and Dec. issu es of the SURVEY
facturing, total, 27.63; durable goods industries, 14 40; nond urable g Dods indu stries, K1.24;
cfJV lore com plete deteuls are gr/en in the> quarter y reviews in the Mar., June, Sept., and Dec.
mining, 1.63; railroad, 1.44- transportation,
4.46; pu Dlic utilit ies, 11.17; commun cation, t .67;
3
issues of the S URVEY. Revised data bac k to 1960 appear MI p. 32 ff. of the June 1968 issue.
commercial and other, 12.77.
Includes commun cation.
9 Includes inventory valuation adjustment.
SURVEY OF CURRENT BUSINESS
June 1968
1966
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1967
III
Annual total
S-3
1966
IV
I
1987
III
II
IV
I
II
1968
III
I
IV
II
III
Apr.
Mayp
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. BALANCE OF INTERNATIONAL
PAYMENTS §— Con.
Quarterly Data Are Seasonally Adjusted
Transactions in U.S. private assets, net; increase
(— )
_
mil. $_ ' -3, 792 '-4, 298 '-5,505
Transactions in U.S. Govt. assets, excl. official
reserve assets' increase (— )
mil. $ ' -1, 562 '-1, 535 '-2,411
Transactions in U.S. official reserve assets, net;
1,222
52
'568
increase (—•)
mil $
Transactions in foreign assets in the U.S., net (U.S.
'3,323 '6,705
'382
liabilities); increase (+)
mil. $
113
'789 ' 3, 519
Liquid assets
_ _
do __
••269
' 2, 534 ' 3, 186
Other assets
do
'-317
'-214 '-535
Unrecorded transactions
do
Balance on liquidity basis—increase in U.S. official
reserve assets and decrease in liquid liabilities to
all foreigners; decrease ( — )
mil. $ -1, 335 -1, 357 ' -3, 571
Balance on official reserve transactions basis—increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
'266 '-3,405
official agencies; decrease ( — )
__
mil. $ '-1,289
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
'-979
'-773 ' -1, Oil'-1,114 ' -1, 010 '-1,163
'-249
'-424
'-362
'-496
'-330
'-347
'-708
'-572
'-501
'-630
41
271
424
68
82
-6
1,027
-419
-375
-181
*904
'355
'562
'-207
'-288
'157
'-65
'222
'-47
'484
'206
'278
'-198
' 1, 110
'25
'1,085
'-145
'594 ' 1, 135
'219
'339
'375
'796
'231 '-102
'343
'-522
'865
'-250
' 2, 143 '1,943 '2,276
'941 ' 1, 177 '1,923
' 1, 202
'766
'353
'—34
'-458
'207
»1, 013
p-298
Pl, 311
*-148
'-603
'-206
'-630
'-93
'-301
'-333
'-505
'-522
'-802 '-1,742
p-606
'21
'-847
'-409
'-116
'692
'99
'1,764
'-806
'247 '-1,082
p-51Q
1967
Annual
'-975 '-1,104 '-1,788 '-1,638
p-711
p-793
1967
Apr.
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
584.0
626 4
616.5
618 2
622 6
627 0
63i (j
634 4
635 9
fi4.9 d.
649 3
650 9
659 4
666 5
r 669 8
674 0
394.6
159.3
128.1
416.7
165.0
132.5
99.1
417.2
164.3
132 2
99 3
420.9
165.2
133 0
100 4
423.4
166.1
133 2
101 3
426.7
168.0
135 3
101 8
428.5
168.2
135 4
102 1
429.4
167.9
134 9
102 6
435.3
171.2
103 7
443.1
173.3
139 2
103 9
442.4
173.3
139 6
105 1
449.0
176.8
141 5
106 7
451.4
177.4
141 9
107 1
'452.8
'176.9
93.9
423.8
167.2
134 4
100 9
r 107 7
455.7
178.3
142 8
107 7
_do _
do
do
63.5
77.9
20.8
69.5
86 3
23 2
68.2
84.5
22.6
68.6
85 0
22 8
69.5
85 7
23 1
69 6
86 4
23 3
70 1
86 9
23 6
70 8
87 4
23 g
71 1
87 8
24 0
71 9
88 4
24 3
72 8
93 1
24 6
73 1
90 9
24 9
73 8
91 6
25 2
74 5
92 4
25 5
'75 0
93 2
25 8
75.8
93 9
26 1
do
o
43.2
16.1
43.6
14 8
43.3
14.4
43.4
14 4
43.6
14 3
43.7
14 7
43.8
15 0
43.9
15 3
44.0
15 1
44.1
15 2
44.2
15 3
44.3
15 3
44.4
15 4
44.5
15 6
44.5
15 5
44.6
15 5
19.4
21.5
42.4
43.9
20.1
22 8
46 5
51 9
20.0
22.8
45.8
51 0
20.0
23 1
46.0
51 5
20.1
23 3
46.1
51 6
20.2
23 5
46 4
52 2
20.2
23 5
46 9
52 4
20.3
23 4
47 3
52 5
20.3
23 2
47 6
20.4
23 1
48 0
52 8
20.4
21 0
48 5
53 1
20.5
22 9
48 9
54 0
20.5
23 2
49 5
54 7
20.6
23 fl
50 I
58 1
20.6
24 0
'50 5
58 8
20.7
24.4
50.8
59 1
17.9
20.4
20.1
20.1
20.3
20.4
20.6
20.6
20.6
20.8
21.1
22.3
22.6
22.8
'22.7
22.8
563.1
606.5
596.9
598.8
603.2
607.2
611.4
6K,0
615.7
622.0
628.8
630.3
638.7
645.6 '649.1
653.2
46, 485
45 542
2 744
2 906
3 271
3 601
4 499
4 822
5 401
4 688
3 810
3 778
3 014
43, 219
18,384
24, 835
5,502
14, 890
4,134
42 471
18 310
24 161
5 757
14 479
3*644
2,649
804
1 845
493
1 040
272
2,873
814
2 059
527
1 213
284
3,248
1,273
1 975
497
1 165
292
3 495
1 579
1 916
3 676
1 547
2 129
3 933
1 818
2 115
4 918
2 601
2 317
3 766
1*862
l'904
3 720
1 661
2 059
2 830
1 114
*315
1 308
'343
1 311
•I
1 104
'297
1 236
330
299
1 176
338
4 626
2 592
2 034
'454
1 271
295
251
2 981
855
2 126
' p>08
1 304
278
134
134
134
132
133
131
99
70
120
107
71
134
121
111
128
130
138
124
137
135
138
146
159
137
183
150
172
226
132
140
162
124
138
145
134
105
78
126
111
75
138
121
121
120
124
124
123
89
52
117
96
55
125
112
99
121
122
132
115
128
128
128
136
148
128
174
215
144
168
219
129
135
158
119
135
149
124
95
71
113
98
62
125
156.3
> 158. 0
157.9
156.0
159.0
150.5
157.9
161.1
161.5
161.2
160.7
159.1 ' 162. 7 ' 164. 6 '163.6
158.6
164.8
150.8
120.5
173.9
i>159 6
M63 8
v 154. 4
Pl23 5
v 184. 4
160.3
164.9
154. 4
122.1
158 1
164.1
150.6
121 8
161 0
165.6
155.3
123 9
150 5
154 7
145.1
124 8
158 3
158.9
157.4
129 0
162 6
163 8
161.2
125 6
163 7
164 4
162.9
124 7
163 5
167.1
159.0
124 2
169 6
169 3
154.2
121 4
160 1
166 1
152.5
120 2
do
do
do
do
do
155.5
147 5
166. 5
141.4
172.6
Pl58 3
P 143 4
p 159. 0
p 145 0
P 179. 6
157.7
147 1
161.8
142 5
180.3
155 2
144 2
157.8
139 8
179.0
159 8
150 5
162. 0
146 8
180.0
151 2
139 9
132.9
142 2
175.3
156 9
147 7
137.4
151 1
176.4
163 3
155 7
162.2
153 7
179.5
162 2
155 4
170.0
150 8
176.8
161 3
152 0
171.7
145 7
181.3
161 0
150 3
174.7
142 5
183.9
159 1 r 162 4
148 9 f 153 4
174.7
168.3
142 8 r 146 6
181.7
181.0
do _
_do_ _ _
do
157.0
156.9
1/57. 2
p 157 7
pl52 1
p Ifi3. 4
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
.
.
-
d
Rental income of persons
do
Dividends
_
do
Personal interest income
do _
Transfer payments
do
Less personal contributions for social insurance
bil. $..
Total nonagri cultural income
do
;
KO 0
1«»7 K
r 141 4
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments (48 States), total
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
474
466
455
470
Kf)7
997
478
' 485
896
1 935
464
c
3 155
INDUSTRIAL PRODUCTION &
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities)d"__1957-59=100-By industry groupings:
Manufacturing, total...
do
D urable manu factures
.
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
.
' Revised.
* Preliminary.
« Corrected.
§ See note marked "tf" on p. S-2.
158 1
152 5
1R3.9
156 6
152 5
ifin Q
158 3
154 3
1«9 a.
150 0
145 0
1KK 9
158 9
152 5
IfiK A.
159 1
152 0
Ififi A.
160 8
152 6
IRQ a
161 1
153 7
IfiR 7
160 4
154 3
Ififi 7
159 1
151 7
Ififi 7
r 164 2
r 166 3
'168 9 '170 6
' 158. 3 '160.9
r 123 7 r 126 0
165. 3
169. 6
159. 9
128. 5
164.1
165.9
170.8
159.7
129.6
161.6
' 164 7 ' 161. 4
' 152 4 153.1
179
' 174. 7
r 156 0
'179.8
148 4
183.4
164 5
162 8
' 156 1 r 157. 9
r IfiQ 7 r 171.4
^Revisions for 1966 appear on p. 20 of the Nov. 1967 SURVEY.
9 Includes data for items not shown separately.
'
'
'
'
' 180. 7
179. 8
' 165. 8
' 159. 3
' 172. 4
166.2
161
172
SURVEY OF CURRENT BUSINESS
S-4
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967 v
Annual
June 1968
1967
Apr.
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May »
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTIONtf-Continued
Federal Reserve Index of Quantity Output—Con.
156.3
158.0
156.5
155.6
155.6
156.6
158.1
156.8
156.9
159.5
162.0
161.2
158.6
159.6
158.2
157.2
157.0
157.6
159.4
158.1
158.3
161.1
164.0
162.7 r 163.
164.8
142.7
136.2
166.2
163.0
158.8
163.8
132.5
126.8
153.1
162.0
158.1
162.5
129.1
122.7
161.4
161.0
158.1
162.2
128.9
122.9
154.4
160.8
156.4
161.5
129.0
121.2
156.4
160.8
156.9
162.5
129.6
122.3
155.3
159.8
156.1
163.6
129.3
124.3
144.2
159.1
156.8
161.1
129.2
125.6
141.1
158.1
156.0
160.7
131.7
127.7
142.8
158.2
156.4
164.1
135.0
133.3
142.2
159.8
158.8
168.1
140.9
140.9
145.3
162.4
160.0
167.2 ' 167. 6 ' 168. 2 '167.3
136.3 139.3 r 140. 2 r 144. 5
134.2 137.8
140.8 ' 143. 8
145.6 154.1 ' 151. 4 156.8
163.9 165.7 166,8 162.2
159.4
160.9
162.7 ' 157. 3
168.9
148
148
183.8
181.9
186.4
166.9
168.7
165.0
183.4
183.4
183.3
166.0
147.0
182.2
182.1
183.5
180.3
165.7
149.5
179.8
180.5
181.7
178.9
167.5
152.0
181.4
177.5
181.3
172.4
169.3
154.5
181.8
180.0
182.2
177.1
170.8
156.7
182.6
182.8
182.6
183.2
171.9
158.0
183.6
182.2
182.1
182.4
159.2
129.4
184.3
179.6
177.2
182.8
159.2
128.6
185.2
183.2
180.9
186.3
165.6
141.4
186.0
182.2
179.5
185.8
177.5
166.9
186.3
183.4
180.7
186.9
175. 6
162.2
186.8
183.2 ' 183. 3 ' 179. 6
180.2 ' 177. 2
180.6
186.6 ' 187. 4 'r 182. 8
175.1 177.6 175. 1
161.1 f 167. 8 ' 164. 3
185.4 ' 183. 7
186.5
180
176
185
178
172
183
176.5
140.7
119.4
171.9
157.9
184.8
138.7
116.5
167.8
157.4
185.2
136.0
119.1
166.5
159.2
185.3
134.8
115.6
166.5
158.1
184.1
133.5
114.9
166.3
156.7
182.9
134.1
115.5
162.7
155.4
183.2
136.9
109.2
164.8
154.9
183.1
138.4
114.3
166.3
156.4
183.2
139.7
117.0
166.6
155.0
185.4
139.2
120.6
167.8
155.1
186.3
143.6
125.7
170.7
155.7
186.7 184.7 183.8 ' 181. 4
140.8 r 137. 3 ' 131. 0 ' 144. 9
118.1 r 119. 3 ' 125. 8 124.8
171.3 173.0 173.7 174.1
158.9
160. 7 159.9 ' 159. 3
178
147
do
do
do
do
do
150.8
142.5
150.1
111.7
152.1
154.4
142.2
147.7
106.5
153.6
152.8
137.8
142. 5
107.1
152.1
151.1
137.8
142.6
105.0
151. 4
151.4
136.6
142.4
105.4
151.6
151.5
136.8
144.2
103.0
149.0
154.0
138.7
146.4
106.5
152.8
154.2
141.3
146.8
108.4
152.9
155.2
144.9
146.2
109.7
154.5
157.2
147.4
148.6
113.3
156.1
158.9
151.6
150.9
115.1
157.0
157.1 r 158. 6 r 159. 7 ' 159. 1
147.5
147.6 r 148. 8 f 149. 9
145.2 r 146. 4 148.1
110.4 109.7 113.7
155.9 157.1
160.4
_do_ _
do
do
do
__.do —
142.1
134.2
193.2
221.0
128.3
146.8
134.2
203.8
234.8
133.9
148.3
133. 8
200.1
228.3
133.1
147.4
133.1
199.6
228.8
132.1
147.8
134.3
199.9
227.5
134.4
148.3
136.1
201.0
227.6
132.8
148.6
137.0
200.7
231.4
133.2
145.4
135.7
202.3
234.2
137.0
144.3
134. 0
205.5
238.8
137.6
145.5
134.4
208.0
242.3
136.8
144.1
129. 9
210.5
246. 9
138.0
143.3 145.9 146.8 ' 146. 2
129.9 131.4 133.7 130.8
211.8 r 213. 8 ' 215. 2 213.2
250.9 ' 251. 8 252.7
134.8 * 135. 7 ' 135. 5 136.8
147
do
do
do
do
do
191.9
128.7
126.6
139. 9
120. 0
190.3
132.4
130.1
144.7
120.0
186.9
133.1
130.6
146.3
116.0
165.7
132.0
130.3
141. 2
117.4
166.9
131.9
129.9
142. 9
123.9
170.1
131.5
129.4
142.8
123.6
203.1
131.7
129.0
146.3
121.4
202.4
131.2
128.9
143.8
120.2
199.1
132.2
129.3
147.5
118.0
207. 5
133.5
130.2
151.2
115.5
215.4
134.1
130.5
153.3
120.5
206.7 r 212. 3 215.7
133.5 ' 133. 2 r 134. 2
130.7 ' 130. 7 131.5
148.2 146.7 148.7
114.4 132. 1 122.9
__do
do
__do
do
do
do
120.5
117.0
118.0
119.3
133.4
133.5
123.5
118.1
123.2
126.4
119.9
135.4
122.0
125.5
117.1
119.6
149.5
130.6
120.2
120.1
117.5
119.6
132.9
129.2
123.8
122.5
121.6
123.6
133.9
133.3
128.0
122.6
129.1
133.9
119.7
133.7
127.8
117.2
131.2
138.0
105.7
136.6
124.3
115.5
127.5
133.1
95.6
136.5
122.4
112.3
126.1
130. 3
93.8
132.9
123.6
115. 3
126.4
128.7
93.2
139.0
122.3
116.1
123.5
126.4
95.7
142.7
121.6 r 123. 9 r 126. 9 ' 128. 2
113.4 116.8 126.0 124.4
123. 6 ' 124. 5 126.9 ' 126. 7
127.4 r 129. 7 132.8 ' 131. 3
100.0 ' 102. 8 ' 108. 7 138.2
135.3 145.0 141.2 136.7
127.9
120
127
132
173.9
179.6
156. 1
184.4
191.7
161.2
183.0
189.9
161.3
183.1
189.7
162.4
183.7
190.3
163.1
184.6
191.4
163.3
185.4
192.1
164.1
185.6
192.1
165.1
188.7
195.8
166.5
191.5
199.4
166.6
192.6
200.8
166.8
195.9
205.2
197.5 ' 196. 8 ' 198. 0
207.3 206.4
198.0
do
do
do
155.5
147.5
166.5
158.3
148.4
159.0
157.3
147.1
155.8
156.3
146.0
153.3
156.8
146.9
154.3
157.1
147.1
156.4
158.2
148.6
162.5
157.0
147.0
155.0
156.9
147.9
157.7
160.0
150.1
163.2
161.9
152.8
169.0
160. 8 ' 162. 0 '••163.4 ' 161. 4
151. 3 r 152. 9 ' 154. 8 ' 152. 9
167.0 167.9 '173.2 ' 169. 1
162.6
154.8
173
do
do
do
do
do
do
163.0
169.5
154.4
168.9
166.6
165. 7
149.1
145.7
153.6
166.0
159.5
159.6
151.3
149.6
153.6
158.9
144.2
157.9
145.8
149.9
140.5
158.5
143.8
157.2
151.2
156.0
144.8
156.6
138.6
157.3
155.2
160.7
148.0
157.3
143.3
156.3
161.1
163.7
157.8
163.4
155.0
156.9
142.1
133.4
153.6
164.1
155.9
157.8
145.2
135.3
158.2
166.4
162.9
159.7
152.4
144.5
162.9
170.8
168.4
163.4
170.0
175. 1
163.3
168.3
158.7
166.5
164.2
163. 2
165.4
169. 1
159.3
166.4
162.7
158.0
168.8
171.5
162.6
169.2
178
183
Apparel and staples
do
Apparel, incl. knit goods and shoes.. do
Consumer staples
__do
Processed foods
do
141.4
139.5
142.0
126.4
145.0
136.2
147.5
130.0
144.4
135.0
147.1
129.6
143.7
131.9
147.0
130.3
144.6
133.2
147.8
130.2
144.1
132.8
147.3
129.0
144.2
134.8
146.9
129.8
144.4
135.7
146.9
129.7
144.8
136.0
147.3
129. 5
145.9
137.4
148.4
129.5
147.6
139.0
150.1
130.4
146.2
136.5
149.0
129.5
' 148. 1
' 137. 3
Beverages and tobacco
do
Drugs, soap, and toiletries
do
Newspapers, magazines, books., .do
Consumer fuel and lighting
do
133.2
173.5
136.5
159.9
136.4
183.0
140.1
168.3
136.1
182.4
143.6
166.6
133.2
182.3
142.5
166.9
136.5
182.7
141.4
169.3
136.3
184.0
142.1
168.3
137.9
178.0
140.9
168.8
135.8
179.8
136.2
170.5
137.6
181.6
134.8
171.2
139.2
183.1
135.7
174.1
142.2
184.3
138.5
176.8
136.8 141. 8
184.2 185.9 '
138.4 141.5
176.9 ' 179. 6
Equipment, including defense 9
do
Business equipment _
do
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment.. do
Farm equipment
do
172.6
181.2
172.3
190.1
208.3
167.5
179.6
182.9
170.3
200. 9
215.4
158.7
179.2
183.5
172.1
201.7
210.4
161.5
178.5
182.1
169.1
200.8
211.7
167.6
178.1
181.3
169.0
200.5
208.9
162.8
178.4
180.8
169.0
201.1
210.2
148.6
178.9
180.6
166.8
201.9
214.1
154.3
178.6
179.8
166.6
200.3
210.4
158.5
176.1
176.9
162.3
199.0
209.9
157.5
181.1
183.5
170.4
200.9
222.9
147.2
181.5
183.4
168.9
204.7
228.4
131.2
181.4 r 181. 6
183.3 ' 182. 9
168.0 ' 165. 8
204.2
206.1
226.4
230.1
148.3 146.4
.do
do
do
do
do
157.0
156.9
166.5
180.7
141.7
157.7
152.1
144.6
184.5
140.1
156.0
151.0
137.5
183.2
139.2
154.6
149.7
143.7
180.9
137.1
154.9
148.9
143.3
179.6
137.2
156. 1
149.7
141.8
181.2
138.1
157.9
151.8
142.7
186.3
139.0
156.7
148.5
134.9
184.7
140.0
157.4
149.0
133.3
184.1
139.3
159.5
152.3
143.8
186.0
140.9
162.2
155.7
159.4
184.9
143.9
161.7 161.8 ' 162. 8 ' 163. 5
154.9 ' 155. 4 ' 156. 8 * 157. 7
162.3 162.2 160.1 153.9
183. 9 186.7 185.1 182.0
145.4
142.9 ' 143. 3 f 146. 2
do
do
do
do
157.2
149.0
145.6
150.6
163.4
152.2
148.5
154.1
161.1
153.4
148.5
155. 8
159.6
150.1
146.2
152.0
161.1
151.3
145.1
154.4
162.6
150.9
141.7
155.5
164.2
151.7
143.0
156.0
165.2
153.1
150.4
154.5
166.0
152.5
153.7
151.9
166.9
153.2
152.6
153.5
168.9
154.7
152.0
156.0
168.7 168.3
154.4 ' 151. 1
154. 3 r 144. 5
154.5 r 154. 4
144.0
136.6
Business fuel and power 9
_do
128.9
122.5
Mineral fuels
do
172.9
Nonresidential utilities. _
do
183.2
Revised.
» Preliminary.
cfSee corresponding note on p. S-3.
141.3
125.3
182.1
140.3
124.3
181.0
143.0
128.2
181.1
147.7
147.2 ' 149. 1 r 151. 3 ' 151. 4
149.1 147.3 146.9 146.9 145. 6
135.1 137.1 133.4 131.0 130.3 128.7 128.9 ' 131. 4 135.2 ' 134. 4
182.1 182.5 183.8 187.9 188.5 188.3 193.4 194. 4 193.6
9 Includes data for items not shown separately.
Seas, adj., total index (incl. utilities) cT- 1957-59 =100.
By industry groupings:
Manufacturing, total—
-do
Durable manufactures 9
Primary metals
Iron and steel
Nonferrous metals and products
Fabricated metal products
Structural metal parts
_
-do _
do
do
do
do
do
Machinery.
_
Nonelectrical machinery
Electrical machinery.
Transportation equipment 9- Motor vehicles and parts
Aircraft and other equipment
do
do
do
- do_
do
do
Instruments and related products
Clay, glass, and stone products _
Lumber and products
Furniture and fixtures
_ _
Miscellaneous manufactures
do
do
do
_do__ _
do_
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
Printing and publishing
Newspapers
Chemicals and products
Industrial chemicals
Petroleum products
_
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, totalc?
Consumer goods
Automotive and home goods
Automotive products
Autos
Auto parts and allied products
Home goods 9
Appliances, TV, and radios
Furniture and rugs
Materialscf
Durable goods materials 9
Consumer durable
Equipment
Construction
Nondurable materials 9 _ _ _
Business supplies
Containers
General business supplies
r
do
do
do
.
' 162. 0
6
' 163. 0 ' 162. 5 163.7
r 164. 4 ' 163. 7 165.0
164
158
175
158
134.2
131.7
168.4
' 173. 6
172.7 ' 166. 8
170.5
f 174. 7
' 172. 9 169.7
156. 5
r 164. 8
170.2
r 169. 9
149.0
140.1
' 151. 5 ' 150. 6
' 130. 6 ' 131. 4 131.0
r 151. 2
152
140.0
187. 5 Isl.8
142.1 143.1
179.1
' 181. 8 ' 179. 5
' 183. 3 ' 181. 0
' 167. 0 165.3
204.4
205.4
' 227. 8 221.3
150.6
' 169. 0 ' 169. 5
* 150. 4 153.4
r 143. 3
' 153. 9
179.3
181
164.7
159
171
152.4
153.9
151
134
SURVEY OF CURRENT BUSINESS
June 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Apr.
Annual
S-5
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES §
Mfg and trade sales (unadj ) , total
Manufacturing total cf
Durable goods industries
Nondurable goods industries^
Retail trade, total
Durable goods stores _
Nondurable goods stores
1,035,052 1,055,626 86,343
88,814
91,850
83,177
88,203
89,648
89,987
*91,295
95,957
85,782
89,027 '94,329
94, 925
do
11,035,052 11,055,626 86,643
87,286
88,244
88,454
88,768
88,323
87,196
89,612
92,057
92,544
92,595
94, 327
93, 603
do
do
do
1527,629
276, 069
251, 560
44,620
22,900
21,720
44,583
23, 052
21,531
44,865
23, 192
21,673
45,148
23, 633
21,515
44,261
22,949
21,312
43,912
22,311
21, 601
45,782
23,487
22,295
47,946
25,290
22,656
47,785
25,227
22,558
47,243 ' 48, 186 47, 944
24,646 '25,260 24, 716
22,597 ••22,926 23, 228
do
do
do
1303,672 i 313,503
99,669
97, 812
205,860 213,834
25,918
8,104
17,814
25, 897
3,187
17, 710
26, 544
8,546
17,998
26,444
8,592
17, 852
26, 422
8,508
17,914
26, 732
8,743
17, 989
26, 089
8,235
17,854
26,411 26, 470
8,221 8,327
18, 190 18,143
27,065
8,523
18, 542
27,399 '28,120 27,565
8,822
8,765 '9,053
18,634 ' 19, 067 18,743
do
do
do
1203,751 i 205,188
90,447
91, 026
112, 724 114, 740
16,972
7,292
9,680
16, 769
7, 246
9,523
17,117
7,495
9,622
17, 145
7,503
9,642
17, 198
7,562
9,636
17,330
7,684
9,646
17, 195
7,718
9,477
17,419
7,843
9,576
17,641
7,980
9,661
17,694
7,892
9,802
17,953 '18,021
8,171 ' 8, 141
9,782 '9,880
mil. $
Mfg and trade sales (seas adj.),totalcf
„ _ _ __
Merchant wholesalers total
Durable goods establishments
Nondurable goods establishments
1 536,935 43,753
277,474 22, 269
259 461 21,484
18, 094
8,226
9,868
Mfg. and trade inventories, book value, end of year
or month (unadj ) total
roil
$
133, 474
138,964 138, 439 138, 454 137, 455 136, 607 136, 503 136, 917 138, 698 140, 547 138,964 140,058
Mfg. and trade inventories, book value, end of year
or month (seas adj ) total cf
mil $
135, 233
140, 742
77, 581
50, 037
27, 544
36, 961
16, 536
20, 425
20, 691
12,112
8,579
82, 425
53,930
28,495
36,682
15,977
20, 705
21, 635
12, 543
9,092
1.48
1.56
1.58
1.57
1.55
1.55
1.55
1.56
1.59
1.55
1.53
1.53
1.53
1.50
1.53
1.64
1.98
.59
.87
.52
1.27
.50
.19
.58
1.42
1.97
1.16
1.14
1.49
.85
1.79
2.25
.64
1.03
.59
1.31
.49
.20
.61
1.39
1.92
1.15
1.22
1.61
.91
1.83
2.32
.66
1.05
.60
1.32
.50
.20
.62
1.40
1.98
1.13
1.22
1.67
.89
1.80
2.26
.64
1.03
.59
1.31
.50
.20
.62
1.40
1.94
1.15
1.23
1.65
.90
1.80
2.25
.63
1.03
.59
1.31
.50
.20.
.61
1.36
1.83
1.13
1.20
1.60
.90
1.80
2.26
.63
1.04
.59
1.30
.49
.20
.61
1.36
1.81
1.15
1.20
1.60
.88
1.79
2.23
.62
1.02
.59
1.31
.50
.20
.61
1.36
1.82
1.15
1.21
1.60
.90
1.83
2.29
.64
1.05
.60
1.33
.50
.21
.62
1.35
1.80
1.14
1.20
1.57
.91
1.85
2.37
.66
1.09
.62
1.30
.49
.21
.61
1.39
1.90
1.15
1.22
1.58
.92
1.79
2.28
.63
1.05
.60
1.27
.47
.21
.59
1.38
1.91
1.14
1.21
1.56
.92
1.72
2.13
.59
.99
.56
1.26
.46
.20
.59
1.39
1.92
1.14
1.23
1.57
.94
1.73
2.13
.59
.99
.56
1.28
.47
.20
.61
1.37
1.91
1.13
1.22
1.58
.94
1.76
2.20
.61
1.02
.57
1.27
.46
.20
.61
1.35
1.86
1.12
1.20
1.52
.94
1.73
'2.15
.59
'1.00
.55
1.26
.45
.20
.61
1.32
'1.80
1.09
1.20
'1.54
.92
1.75
2.21
.62
1.03
.57
1.26
.45
.20
.61
1.36
1.89
1.11
1.20
1.54
.92
11,437
12,850
1,053
1,123
1, 098
935
982
1,035
998
1,109
1,337
1,139
1, 137 ' 1, 169
1,208
46,666
40,747
43,915
46,137
45,747
44,650
48, 054 ' 49,510
49, 268
25,061
938
3, 907
2,158
2, 258
Manufacturing, totaled
Durable goods industries
Nondurable goods industriescf
Retail trade , total
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total _ _
Durable goods establishments
Nondurable goods establishments
Inventory-sales ratios:
Manufacturing and trade totalcT
do
do
do
do
do
do
do
do
do
ratio
Manufacturing, total d"
do
Durable goods industries.. _
do
Materials and supplies
do
Work in process
do
Finished goods
do
Nondurable goods industries cf
do
Materials and supplies
do
Work in process
do
Finished goods
do
Retail trade, total
do
Durable goods stores
do
Nondurable goods stores
do
Merchant wholesalers, total
do
Durable goods establishments
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries (unadj.), total.. .mil. $..
141,644 '143,110 144,608
137,080 137,191 136,805 137,111 137,850 137,794 138,268 139,331 140,742 141,342 141,624 '141,840
80, 059 80, 341 80, 119 80, 603 81, 033 80, 841 81, 106 81,796 82,425 82, 571 82,919 '83,219
51, 593 51, 784 51, 809 52, 346 52, 784 52, 572 52, 918 53,506 53,930 53, 742 54,136 '54,274
28, 466 28, 557 28, 310 28, 257 28, 249 28, 269 28, 188 28, 290 28,495 28,829 28,783 '28,945
36,236 36, 263 36, 087 35, 997 36, 028 36, 143 36, 217 36,474 36,682 37, 130 37,082 37,003
16,033 15, 904 15, 661 15, 549 15, 503 15, 711 15, 681 15, 728 15,977 16,238 16,268 16,253
20, 203 20, 359 20, 426 20,448 20, 525 20, 432 20,536 20,746 20, 705 20, 892 20,814 20, 750
20, 785 20, 587 20, 599 20, 511 20, 789 20, 810 20, 945 21,061 21,635 21,641 21,623 '21,618
12,162 11,989 11,981 12,038 12, 099 12,069 12, 202 12,258 12, 543 12, 433 12,446 ' 12, 509
8,741 8,743
8,690
9,177 ' 9, 109
9,208
8,618
8,473
8,803 9,092
8,598
8, 623
Shipments (not seas, adj.), totald"--
do
527, 629
536,935
45,044
44,828
46,004
45,960
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
do
do
do
do
do
276, 069
11, 929
45, 651
23, 707
26, 024
277, 474
11,817
42, 607
22, 237
25, 725
23, 342
959
3,681
1,892
2, 116
23,528
998
3,613
1,877
2,168
24, 778
1,051
3,717
1,885
2,276
20, 580
943
3,105
1,621
1,939
22, 089
1,083
3,401
1,814
2,222
23, 565
1,106
3,449
1,805
2,230
23, 019
1,067
3,485
1,870
2,227
23, 575
1,006
3,538
1,911
2,142
24,595
977
3,506
1,874
2,179
23, 335
903
3,610
1,987
2,123
do
do
do
do
do
40, 204
39, 852
73, 460
46, 470
9,806
43, 119
40,909
73, 020
42,224
10,673
3,733
3,177
6,401
3,915
829
3,647
3,196
6,609
4,085
865
3, 869
3,531
6,891
4,178
929
3,272
3,028
5,168
2,782
832
3,436
3,357
5,023
2,463
926
3,671
3,668
5,746
3,080
998
3,537
3,590
5,509
2,966
967
3,532
3,641
6,204
3,488
955
3,875
3,653
7,056
4,013
975
3,493
3,257
6,623
3,963
924
Nondurable goods industries total cf 9
do
Food and kindred products
do
Tobacco products
do
Textile mill products cf
do
Paper and allied products
___do
Chemicals and allied products
do
Petroleum and coal products....
do
Rubber and plastics products
do
251, 560
87, 761
5,104
19, 588
21, 770
38, 676
20, 517
12, 752
259,461
92,392
5,102
19, 205
22, 492
40, 058
21,304
13, 290
21,702
7,466
425
l,55p
1,839
3,629
1,759
1,133
21,300
7,629
411
1,548
1,846
3,413
1,746
1,136
21,888
7,811
471
1,647
1,891
3,444
1,822
1,164
20,167
7,352
447
1,344
1,703
3, 045
1,811
1,010
21,826
7,634
454
1,647
1,918
3,322
1,789
1,112
22,572
8,144
431
1,752
1, 922
3,476
1,796
1,126
22,728
8,161
415
1,824
1,945
3,442
1,791
1,195
22,429
8,112
431
1, 755
1,931
3,324
1,829
1,120
21,365
7,937
427
1,634
1,891
3,036
1,773
1,061
21,315
7,656
385
1,592
1,913
3,254
1,736
1,068
22,993
8,072
414
1,790
2,041
3,483
1,818
1,169
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
143, 167
83,956
54, 737
29, 219
37, 512
16, 684
20, 828
21, 699
12, 640
9,059
' 26,195
'976
' 4, 118
' 2, 298
* 2, 338
25, 821
1, 113
4, 303
2,351
2,319
r
3, 953 r 4, 157
3, 660
3, 554
6, 771 r' 7, 080
4, 108
3,919
982 '1,043
4,080
3,379
6,773
3,892
1,000
' 23,315
' 8, 150
435
r
1, 762
' 2, 109
' 3, 623
'r 1, 826
1, 196
23, 447
8,095
408
1,747
2,110
3,858
1,793
1,282
Shipments (seas, adj.), totalcf
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills. .
Fabricated metal products
_
do
43,753
44,620
44,583
44,865
45,148
44,261
43,912
45,782
47,946
47,785
47,243 ' 48,186 47, 944
do
do
do
do
do
22, 269
927
3,439
1,742
2,080
22,900
914
3,434
1,791
2,092
23, 052
923
3,462
1, 755
2,093
23, 192
897
3,581
1,905
2,068
23,633
959
3,519
1,839
2,092
22,949
1,010
3,419
1,780
2,094
22, 311
966
3,475
1,885
2,094
23,487
1,028
3,620
1,992
2,180
25, 290
1,187
3,826
2,097
2,351
25, 227
1,140
3,732
2,019
2, 385
24.646
1,102
3,771
2,073
2,359
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
do
do
do
do
do
3,453
3,222
5,912
3,557
836
3,455
3,323
6,380
3,875
876
3, 517
3,358
6,465
3,896
878
3,587
3,468
6,172
3,561
933
3,672
3,423
6,577
3,900
965
3,690
3,412
5,909
3,252
932
3,631
3,394
5,366
2,744
938
3,737
3,491
5,929
3,184
929
3,996
3,596
6,772
3,855
904
3,852
3,586
6,748
3,839
1,043
Nondurable goods industries, total d" 9 do
21,484 21,720 21,531
Food and kindred products
do
7,728
7,634
7,549
Tobacco products.
do
400
441
438
Textile mill products^
do
1,577
1,572
1,549
Paper and allied products
_
do
1,851
1,803
1,808
Chemicals and allied products
do
3,259
3,308
3,375
Petroleum and coal products..
do
1,797
1,792
1,811
Rubber and plastics products
do
1,124
1,087
1, 085
r
2
Revised.
i Based on data not seasonally adj isted.
§T he
Advance5 estimal e.
term "business" here includes only manufacturing aiid trade; 1ousiness iiiventorie s as shovvn
on p. S-l cover data for all types of producers, both f arm and ilonfarm. Unadjusl ed data for
manufacturing are shown below and on p. S-6; those Jor wholes ale and ret ail trade on pp. S--11
ndS-12.
tf Revised to incorporate new data for the textile m ill produc ts series vfhich, in addition to
r
25,260
' 1, 077
' 3, 876
' 2, 136
' 2, 433
24, 716
1,077
4,016
2,165
2,277
r
3, 800 r 3, 887
3, 586
3,471
6,387 ' 6, 539
3,699 ' 3, 656
979 ' 1, 036
3,799
3,431
6,308
3,574
1,009
21,673 21,515 21,312 21,601 22,295 22,656 22,558 22,597 ' 22,926 23, 228
7,940 ' 8, 137 8,184
8,295
7,989
7,611 7,695
7,690
7,809
8,090
420
456
425
437
432
437
431
421
415
414
1,734
1,747
1,792 ' 1, 707 1,751
1,590
1,592
1,637
1,690
1,685
2,021
2,013
2,002 ' 2, 054 2,074
1,879
1,870
1,949
1,839
1,876
3,464 ' 3, 544 3,601
3,401 3,410
3,311
3,447
3,339 <! 3, 268
3,345
1,798 ' 1, 880 1,827
1,727
1,740
1,838
1,762
1,835
1,776
1,780
1,230
1,158 '1 ,162
1,142
1,134
1,126
1,136
1,110
1, 149
1,088
being r eviewed and com cted, ref Lects revi sions resiilting from benchmarking the serie s to the
1966 Aiinual Su rvey of Itfanufact ures and the com putation of new seasonal 'actors. IRevised
data b ick to 19 61 for al] industr y groups , as well as highe r level i adustry totals, refleeting
9 Include s data fc r items
benchi]narking 1/o the lat est data availabl<3 will be shown Isiter.
not she>wn sepa rately.
SUEVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
|
1967
1967
Annual
June 1968
Apr.
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
4,332
10,020
6,569
4,154
3,606
18, 562
Mar.
Apr.
May
GENERAL BUSINESS INDICATORS— Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Shipments (seas, adj.)— Continued
By market category:
Home goods and apparel cf
mil. $
Consumer staples
do
Eduipment and defense prod excl auto do
Construction materials and supplies
Other materials and supplies^
Supplementary market categories:
Consumer durables
Defense products
Machinery and equipment—.
Inventories, end of year or month:
Book value (unadjusted), totaled
Durable goods industries total
Nondurable goods industries, total cf
do
do
i 49, 716 1 49, 388
110,451 116,303
i 67, 889 i 73, 207
i 62, 045 i 47, 804
i 38, 977 i 37, 971
208, 551 1212,262
4,044
9,555
5,816
4,005
3,039
17,294
4,183
9,684
5,925
4,324
3,023
17, 481
4, 156
9, 608
6,026
4,360
3.00fi
17,427
4,123
9,659
6,163
3,999
2,979
17,942
4,002
9,708
6,223
4,381
3,150
17, 684
do
do
do
»21,212 i 21, 979
1 33, 240 138,419
i 53, 220 i 56, 139
1,719
2,988
4,524
1,763
3,162
4,538
1,796
3,145
4,644
1,855
3,218
4,776
1,826
3,284
4,775
3,996
4,000
9,775
9,630
6,175
6,258
3,709 3,209
3,122
3,187
17,477 17,635
4,135
10, 143
6,396
3,670
3,275
18,163
4,386
10,351
6,855
4,355
3,504
18,495
4,473
10,113
6,752
4,334
3,511
18,602
1,833
3,312
4,768
1,855
3,278
4,643
1,893
3,450
4,762
2,012
3,652
4,975
'4,365
'10,179
' 6, 802
' 4, 128
' 3, 672
••19,040
4,383
10,341
6,633
4,048
3,526
19, 013
1,960
3,674
4,921
1,894 r 1, 941
3,558 r 3, 761
4,826 r 4, 943
1,868
3,549
4,892
84, 421
55, 262
29, 159
do
do
do
77, 108
49, 432
27, 676
81,898
53,262
28, 636
80, 518
52, 107
28, 411
80, 965
52,558
28, 407
80/608
52, 346
28, 262
80, 328
52, 194
28, 134
80, 713
52, 631
28, 082
80,363
52, 287
28, 076
80, 662
52, 541
28, 121
81,232
52,925
28,307
81,898
53,262
28,636
82,543
53,527
29,016
83,364 '83,686
54, 347 '54,662
29, 017 '29,024
Book value (seasonally adjusted), totald1— do
By industry group:
Durable goods industries, total 9
do
Stone, clay, and glass products
do
Primary metals .
do
Blast furnaces, steel mills
do
Fabricated metal products
do
77, 581
82,425
80, 059
80, 341
80, 119
80,603
81, 033
80, 841
81, 106
81, 796
82,425
82,571
82,919 '83,219
83,956
50,037
1,746
7,109
4,043
5,314
53,930
1,789
7,519
4,318
5,368
51, 593
1,819
7,338
4,204
5,269
51,784
1,842
7,451
4,243
5,229
51, 809
1,847
7,478
4,242
5,162
52,346
1,835
7,495
4,257
5,142
52,784
1,813
7,482
4,265
5,179
52,572
1,769
7,440
4,248
5,230
52,918
1,792
7,464
4,273
5,268
53, 506
1,785
7,476
4,282
5,326
53,930
1,789
7,519
4,318
5,368
53,742
1,795
7,547
4,335
5,313
54, 136
1,790
7,543
4,338
5,395
'54,274
1,773
'7,565
' 4, 312
' 5, 389
54, 737
1,770
7,583
4,321
5,408
Machinery except electrical
do
Electrical machinery
do
Transportation equipment
do
Motor vehicles and parts
do
Instruments and related products __ do
9,942
7.653
11,369
3,538
2,214
10, 495
7,869
13, 510
3, 653
2,395
10, 173
7,783
12, 164
3,454
2,290
10,234
7,755
12, 184
3,398
2,303
10, 275
7,682
12, 236
3,302
2,301
10,313
7,730
12, 706
3,568
2,313
10,362
7,765
13, 082
3,781
2,316
10,451
7,749
12,824
3,528
2,328
10,425
7,830
12,941
3,568
2,357
10,540
7,880
13,232
3,675
2,359
10,495
7,869
13,510
3,653
2,395
10,338
7,881
13,494
3,718
2,375
10, 322
7,897
13, 702
3,796
2,408
'10,309
' 7, 925
'13,813
' 3, 814
'2,419
10, 365
7,946
14, 107
3,875
2,411
By stage of fabrication:
Materials and supplies 9
do
Primary metals
do
Machinery (elec. and nonelec.)_..do
Transportation equipment
do
Work in process 9
do
Primary metals
do
Machinery (elec. and nonelec.)._.do
Transportation equipment
do
Finished goods 9
do
Primary metals
do
Machinery (elec and nonelec ) do
Transportation equipment
do
14, 802
2,603
4,877
2,477
22, 263
2,477
7,853
7,512
12, 972
2,029
4,865
1,380
14,909
2,608
4,735
2,585
25,099
2,738
8,217
9,447
13,922
2,173
5,412
1,478
14, 721 14,576
2,705
2,706
4,781
4,719
2,343
2,363
23,423 23, 592
2,510
2,607
7,987
8,014
8,442
8,439
13,449 13,616
2,123
2,138
5,188
5,256
1,362
1,399
14, 485
2,693
4,664
2,331
23, 704
2, 646
8,065
8,488
13, 620
2,139
5,228
1,417
14,536
2,668
4, 728
2,382
24, 139
2,704
8,056
8,922
13,671
2,123
5,259
1,402
14,668
2,626
4,725
2,591
24,215
2,713
8,083
8,997
13,901
2,143
5,319
1,494
14,597
2,579
4,708
2,512
24, 143
2,680
8,117
8,894
13,832
2,181
5,375
1,418
14, 718
2,539
4,748
2,552
24, 370
2,723
8,162
8,957
13,830
2,202
5,345
1,432
14,806
2,560
4,780
2,578
24,721
2,715
8,184
9,223
13,979
2,201
5,456
1,431
14,909
2,608
4,735
2,585
25,099
2,738
8,217
9,447
13,922
2,173
5,412
1,478
14,808
2,594
4,632
2,668
24,921
2,691
8,252
9,338
14,013
2,262
5,335
1,488
14, 917
2,577
4,610
2,724
25, 152
2,673
8,250
9,463
14, 067
2,293
5,359
1,515
'15,012
' 2, 601
' 4, 623
' 2, 748
'25,306
' 2, 661
' 8, 282
' 9, 598
'13,956
'2,303
' 5, 329
' 1, 467
15, 246
2,683
4,661
2,757
25, 503
2,634
8,276
9,876
13, 988
2,266
5,374
1,474
27, 544
6,394
2,343
3,017
2,271
5,039
1,869
1,402
28, 495
6,561
2,392
3,169
2,272
5,451
1,980
1,409
28, 466
6,756
2,383
3,101
2,300
5,290
1,950
1,453
28, 557
6,737
2,377
3,101
2,305
5,412
1,960
1,428
28, 310
6,634
2,380
3,108
2,310
5,381
1,918
1,415
28, 257
6,662
2,373
3,096
2,310
5,383
1,935
1,402
28, 249
6,512
2,366
3,133
2,307
5,400
1,923
1,398
28, 269
6,391
2,348
3,160
2,300
5,433
1,920
1,389
28, 188
6,425
2,338
3,128
2,279
5,407
1,925
1,398
28,290
6,489
2,326
3,123
2,285
5,454
1,930
1,419
28,495
6,561
2,392
3,169
2,272
5,451
1,980
1,409
28,829
6,755
2,408
3,239
2,269
5,477
2,031
1,418
28, 783
6,743
2,383
3,281
2,297
5,469
2,007
1,418
'28,945
' 6, 799
' 2, 401
3,333
' 2, 286
' 5, 492
' 2, 023
' 1, 434
29, 219
6,880
2,390
3,378
2,304
5,545
2,002
1,456
10, 501
4,306
12, 737
10, 444
4,606
13, 445
10, 747
4,302
13, 417
10, 808
4,341
13, 408
10, 783
4,385
13, 142
10, 667
4,340
13, 250
10, 722
4,386
13, 141
10, 711
4,413
13, 145
10, 573
4,520
13, 095
10,543
4,572
13,175
10, 444
4,606
13,445
10,573
4,573
13,683
10, 448 '10,363
4,553 '4,546
13, 782 '14,036
10, 567
4,543
14, 109
8,384
10, 910
20,939
4,437
6, 504
31, 251
8,373
10,977
19,303
4,263
6,541
30, 602
8,352
10,994
19,481
4,171
6,504
30, 839
8,182
10, 922
19, 646
4,060
6,491
30, 818
8,114
10,946
19, 892
4,297
6,433
30, 921
8,268
10, 755
20, 041
4,523
6,368
31, 078
8,343
10, 647
20, 218
4,251
6,315
31, 067
8,397
10,683
20, 356
4,300
6,369
31, 001
8,399
10,749
20,653
4,436
6,430
31,129
8,384
10,910
20,939
4,437
6,504
31,251
8,536
11,152
20,742
4,495
6,494
31,152
8,536
11, 114
20, 814
4,615
6,598
31, 242
8,675
11, 271
21, 238
4,702
6,593
31, 477
do
do
do
8,241
10,476
18, 166
4,358
6,537
29, 803
4,189
8,732
12, 592
4,368
10, 781
13,368
4,253
9,615
12,873
4,276
9,744
12,903
4,232
9,839
13, 016
4,228
10,094
13, 037
4,269
10, 218
13, 103
4,251
10,213
13, 197
4,348
10,319
13, 182
4,396
10,476
13,354
4,368
10,781
13,368
4,441
10,758
13,184
4,425 ' 4, 404
10, 887 '11,005
13, 167 '13,167
4,397
11, 251
13,217
New orders, net (not seas, adj.), totalcf
Durable goods industries, total
Nondurable goods industries total tf1
do
do
do
541, 276
289,836
251, 440
539,986
280, 530
259,456
44,887
23, 157
21, 730
44,897
23, 600
21, 297
47,666
25,830
21,836
41,968
21, 754
20, 214
44, 121
22, 268
21, 853
46,485
23,888
22, 597
46,385
23, 660
22, 725
45, 577
23, 096
22, 481
46, 772
25,394
21, 378
45, 430
24, 107
21,323
48, 621 '50,973
25,587 '27,683
23, 034 '23,290
49, 770
26, 277
23, 493
New orders, net (seas, adj.), totald1
By industry group:
Durable goods industries, total 9
Primary metals
.
Blast furnaces, steel mills _ _
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts
do
1541,276
48, 528
Nondurable goods industries, total 9 cfdo
Food and kindred products
do
Tobacco products
do
Textile mill productsd"
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products
do
By stage of fabrication:
Materials and suppliescf
do
Work in processed
do
Finished goodscf
do
By market category:
Home goods and apparelcT
Consumer staples
Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and supplies
Other materials and suppliescf
Supplementary market categories:
Consumer durables
Defense products
Machinery and equipment
Nondurable goods industries, totald*
Industries with unfilled orders ©d*
Industries without unfilled orders^
do
do
do
do
do
do
do
do
do
do
do
do
do_ _
do
do
do
do
1539,986
43, 676
45,474
45,757
45,481
45,322
44,818
44,975
45, 882
49,264
47, 280
47, 432 '49,163
289,836 280,530
46, 879
42,216
24, 285
22, 403
26, 743
26, 542
42, 677
42,944
42, 269
41, 208
79, 861
75, 557
27,503 28,936
22,226
3,236
1,701
2,136
3,429
3,196
6,140
2,228
23,857
3,606
2,020
2,106
3,497
3,250
7,209
2,763
24, 263
3,591
1,886
2,108
3,590
3,455
7,327
3,067
23, 715
3,646
1,994
1,979
3,564
3,579
6,697
2,469
23, 726
3,470
1,794
2,254
3,945
3,640
5,950
1,705
23,416
3,612
1,971
2,009
3,679
3,554
6,019
2,362
23,381
3,467
1,905
2,246
3,588
3,473
6,241
3,023
23,545
3,783
2,091
2,334
3,840
3,315
5,673
2,072
26,492
4,120
2,394
2,936
3,875
3,569
7,101
2,883
24,771
4,013
2,322
2,313
3,807
3,335
6,562
2,327
24, 829
4,315
2,560
2,258
3,524
3,541
6,402
2,487
251, 440
68,560
182,880
21, 450
5,680
15, 770
21, 617
5,756
15,861
21, 494
5,667
15, 827
21, 766
6,007
15, 759
21, 596
5,873
15, 723
21, 402
5,820
15, 582
21, 594
5,848
15, 746
22,337
6,033
16, 304
22, 772 .22,509
6,217
6,291
16, 481 .16,292
4,101
9,663
6,230
4,077
2,951
18, 459
4,057
9,713
6,230
4,288
3,305
17, 729
4, 007
9,630
6,374
3,712
3,111
17,984
4,032
9,765
7,249
3,231
3,249
17,449
4,064
10, 148
5,920
3,706
3,415
18, 629
4,401
10, 342
7,601
4,314
4,115
18, 491
259, 456
69, 276
190, 180
By market category:
Home goods and appareld"
...do
i 49, 821 149,160
4,028 4,105 4,163
Consumer staples
do
U10.454 1116,306 9,555
9,685
9,614
Equip, and defense prod., excl. auto
do
175,275 i 75, 520
5,685
6,560
7,047
Automotive equipment.. .
do
3,962
i 52, 058 i 47, 308
4,503
4,333
Construction materials and supplies
do
_
3,099
139,413
138,812
2,991
2,976
Other materials and supplies^1
do
1214,255 1212,880 17,347 17,630 17, 624
Supplementary market categories:
Consumer durables.
do
i 21, 318 121,799
1,712
1,728
1,829
Defense products
_
do
i 40, 469 i 42, 103 3,273
3,865
4,201
Machinery and equipment
do
i 56, 770 155,693
4,443
4,607
4,794
r
2
Revised.
1 Based on data not seasonally a<i justed,
Advan ce estim ate.
<Pineludes data for items not shown separately.
cf S se corresp<ending no te on p. 3-5.
6dineludes textile mill products, leather and products, paper an<I allied products, and printing
and publishing industries; unfilled orders for oth(?r nondur able good s industiies are z ero.
' 8, 534
'11,198
'20,903
' 4, 617
' 6, 580
'31,387
4,424
10,097
6,117
4,325
3,375
18,942
'26,278
' 3, 778
' 2, 030
' 2, 390
'3,648
' 3, 447
' 8, 108
' 4, 070
25,320
3,803
2,227
2,323
3,766
3,335
7,172
3,177
22,603 '22,885 23,208
6,295 ' 6, 210 6,401
16,308 '16,675 16,807
4,369
10, 024
6,412
3,991
3,491
19, 145
' 4, 344
'10,186
' 8, 005
' 4, 124
'3,638
'18,866
4,334
10, 344
7,299
4,106
3,608
18, 837
1,814
1,859
1,920 ' 1, 892 1,825
1,906
1,904
2,020
1,810
1,857
2,841 3,712
3,641
3,771 ' 5, 275 4,426
4,093
3,063 3,973 3,331
4,853
5,058
4,614
4,494 ' 4, 622 4,746
4,665
4,791
4,827 4,866
HF(->r these i ndustrie s (food and kindr ed prodticts, tob'icco proc ucts, ap wel anc1 related
prodticts, petr oleum an d coal pr oducts, c hemicals and allie i produc ts, and ru bber and plastics
prodilets) sale s are con sidered e qual to n ew order s.
SURVEY OF CUKRENT BUSINESS
June 1968
Unless otherwise stated, statistics through 1966
and descriotive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1968
1967
1967
Annual
S-7
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Unfilled orders, end of year or month (unadjusted),
totalf
mil $
Durable goods industries total
do
Nondur goods ind with unfilled orders© ^ do
77,701
74, 679
3,022
78,703
75, 732
2,971
77,014
77,869
74, 973
5,741
2,716
6,189
12,376
12, 133
33, 066
27, 667
78, 449
75.315
3,134
81, 628
78, 495
3,133
77,633
74,609
3,024
79, 675
82, 872
79,927
76, 908
3,019
80, 231
77, 187
3,044
80,580
77, 510
3,070
81,217
78, 150
3,067
80,795 81, 628
77,676 78, 495
3,119
3,133
82, 405
79, 265
3,140
82,973 ••84,437 84, 940
79, 792 '81,281 81, 737
3,181 ' 3, 156 3,203
79,044
79,662
79,832
80,390
81,455
81,555 82, 872
82, 368
82, 552 "•83, 529
84, 113
76, 185
5,870
2,847
6,205
12, 449
12, 230
33, 929
28, 646
76,710
5,935
2,936
6,116
12, 426
12,341
34, 453
29, 024
76, 801
5,886
2,890
6, 277
12, 699
12, 558
33, 826
28, 520
77, 268
6,078
3,082
6,193
12,688
12, 700
33,935
28, 661
78,340 78,396
6,070
6,233
^ 102 3,201
6,345
6,499
12, 645 12,747
12,779 12,604
34,811 34,555
29, 509 29,314
79,597
6,527
3,497
7,084
12, 626
12, 577
34, 884
29, 733
79, 141
6,808
3,800
7,012
12, 581
12, 326
34, 698
29, 596
79, 321 '80,339
7,352 p 7, 254
4,287 rr 4, 181
6,910
6, 867
12, 305 r 12, 066
12, 396 '12, 257
34, 712 '36,281
29, 799 r 31, 384
80, 942
7,041
4,243
6,913
12, 033
12, 160
37, 145
32, 231
3,159
3 275
3,227
Unfilled orders, end of year or month (seasonally
adjusted) totalf
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, missile?, and parts
_do
76,415
6,909
3, 305
6,221
12, 816
12, 279
32, 350
26, 056
79, 597
6,527
3,497
7,084
12, 626
12, 577
34, 884
29, 733
74,016
5,569
2,487
6,176
12,335
12,206
32,237
26,971
Nondur goods ind with unfilled orders© f do
3,260
3,275
2,998
2,896
2,859
2, 952
3,031
3,122
3,115
2,208
42, 205
6,493
28, 769
1,981
44, 047
7,381
29, 463
2,022
40,709
6,513
27, 770
1,946
41, 522
6,482
27, 919
1,960
42, 517
6,450
28, 117
1, 943
42, 662
6, 424
28, 633
2,003
42, 574
6,579
28, 676
2,011
42, 692
6,501
29, 186
2,038
43, 786
6,630
29, 001
1,704
31, 765
19,614
1,515
35, 433
19, 162
1,520
32,552
18,830
1,485
33, 253
18, 898
1,519
34, 309
19, 047
1, 479
34, 732
19, 124
1, 511
34, 288
19, 407
1,488
34, 687
19, 307
1,540
35, 503
19, 278
1,973 1 981 1 919 1,959 ' 1 944 1 901
43,346 44, 047 43, 406 43,083 '44, 282 45, 009
6,768 7, 381 7,243
7,128 ' 7 094 7 175
29,468 29 463 29 800 30, 382 '30 209 30 028
1,505 1 515 1 460 1,486 T i 436
1 394
35,116 35 433 35 092 35, 305 r36 818 37 696
19,306 19 162 19 105 18, 772 r!8 451 18 304
200, 010
206, 569
16, 511
16 760
18, 700
17, 627
18,591
17,799
15,415
16, 300
17, 332
17 674
16, 222
18, 118
17, 233
18 000
16,065
18, 403
17, 525
18 168
20 438
17 223
17, 910
18 014
19 520
17 974
19 641
18 659
13, 061
12, 364
1,160
1,100
1,047
843
1,017
913
949
881
831
844
832
1 021
1 003
1,368
2,510
1,852
6,076
1,255
1,329
2,261
1,832
5,696
1,246
125
238
149
519
129
119
193
157
515
116
105
180
163
500
99
82
132
129
405
95
98
159
172
490
98
93
152
145
431
92
108
197
130
426
88
102
166
133
393
87
104
158
133
347
89
90
159
149
354
92
85
129
142
388
88
119
188
143
472
99
133
152
153
454
111
By market category:
Home goods apparel consumer staples^ do
Equip, and defense prod., incl. auto
do _
Construction materials and supplies _ do
Other materials and supplies!
do
Supplementary market categories:
Consumer durables
do
Defense products
do _
Machinery and equipment
_ _ do
BUSINESS INCORPORATIONS^
New incorporations (50 States and Dist. Col.):
Unadjusted
_ _ _ _ _
number
Seasonally adjusted
do
INDUSTRIAL AND COMMERCIAL
FAILURES cf
number
Failures, total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade _
Liabilities (current), total
do
do
do
do
_ _ _ _ do
thous. $
Commercial service
do
Construction _
_ '
do
Manufacturing and mining
_ _ _ __do
Retail trade
do
Wholesale trade
_ do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. _
1,385,659 1,265,227 103, 817
3,231 '3 190 3 171
93,370 104, 643
72, 551 108, 901 93, 943
81, 633
69, 977 195 448 104 491
79 602
88 593
80 107
185, 202
326, 376
352, 861
344, 346
176, 874
144,965
323, 680
325, 869
334, 279
136, 434
9,767
29, 058
27, 489
25, 367
12, 136
10, 280
16, 046
26,912
26, 307
13,825
6,896
26,912
26, 062
27,931
16,842
4,690
16, 191
27, 100
17, 062
7,508
12, 310
12, 758
33, 294
37, 861
12, 678
6,344
11, 536
29, 177
37, 769
9,117
11,052
14, 192
14, 705
33, 652
8,032
7,025
15, 780
20, 678
19, 110
7,384
45 725
97, 868
25, 988
16 380
9,487
7 398
23 366
31, 131
20 339
22 257
6
19
24
19
9
10
16
24
25
11
7
10
22
23
15
251.6
249.0
52.1
48.6
48.6
43.2
49.3
49.1
47.4
42.2
43.2
38.2
37.5
44.3
43.5
'254
'230
'351
189
162
170
' 270
' 558
'275
' 318
324
132
'257
'228
' 342
168
165
173
' 273
560
282
314
342
131
'258
'229
' 348
164
165
173
r 294
' 560
' 282
' 308
345
132
259
'232
' 365
166
164
167
' 298
' 563
282
' 305
348
127
260
235
333
179
166
167
303
563
281
305
348
124
913
786
377
048
478
738
924
110
486
335
971
483
662
277
714
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
'267
'237
'285
215
' 180
185
'258
'552
292
'294
356
161
'253
224
284
191
174
177
'225
'555
'277
'305
'336
132
'246
223
'304
173
183
185
' 192
'559
'266
'292
'320
130
252
'222
'287
167
183
188
' 195
'559
279
'290
351
126
255
'228
'329
'172
184
179
'206
558
279
'285
'355
123
'256
221
307
177
179
167
190
557
285
292
358
' 132
'255
'221
'257
186
' 167
169
'255
'555
283
'301
'353
128
'253
'218
'248
180
'166
167
266
'543
283
'314
'343
' 132
'252
'225
'260
230
160
173
'264
'539
'276
320
'331
122
'251
'228
'284
257
154
168
r 249
' 557
'270
'322
'317
' 123
253
231
'299
233
160
169
277
' 551
272
' 319
318
297
315
285
302
321
287
300
319
287
'301
320
'287
303
321
290
304
323
291
303
323
289
303
323
289
304
324
289
302
325
286
303
325
287
304
327
288
306
329
290
307
330
291
309
333
292
310
335
293
334
80
342
74
340
72
341
74
342
75
344
342
75
343
' 74
344
73
343
73
344
74
346
' 73
348
74
350
74
353
73
354
73
116 9
117.1
117.5
117.8
118 2
119.0
119.5
119 9
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted indexes:
All items_____
1957-59=100
113.1
116.3
116.0
115.6
115.3
Special group indexes:
All items less shelter _
do
112. 9
115.6
115.9
114.8
115.1
All items less food____
do
116.5
113.0
116.8
116 3
115 9
All items less medical care
do
112.3
115. 0
114.1
114.4
114.8
Commodities _ _ _
do
109.2
111.0
111.2
110 5
110 2
Nondurables. ....
do
111.8
114.0
113.8
113 0
113. 2
Nondurables less food
do
109.7
113.1
112.4
112.7
112.7
Durables 9
do
102.7
104.1
104.3
103.9
103 4
New cars
do
97.2
96 8
98 1
97 0
96 9
Used cars .
do
117.8
122.4
121.4
121.5
118.8
r
Revised.
1
Advance
estimate.
2
Based
on
unadjusted
data.
« V66™?6 marked "rf1" on p. S-5.
© See corresponding note on p. S-6.
9 includes data for items not shown separately,
cf Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).
r 74
116.5
r 130
118.6
116.1
116.7
117.1
116 5
117.5
118 2
117 7
118 5
119 1 119 6
116.8
117.7
118 2
117 1
118 7
119 3
119 7
120 2
120 6
118 9
115.8
115.2
116.2
115.6
117.6
116.5
117.3
118.1
118. 5
116.8
111.5
112. 0
112.4
111 9
112 6
113 5
114 3
112 9
113 2
113 9
114.3
114.9
114 8
115.1 115 3
116 0
116 4
117 3
115 6
116 9
114.1
112.8
113. 2
114.5
115.2
115.1
115 6
115.2
116 1
116 4
104.4
104.8
105 7
104 7
106 0
106 3
106 4
106 1
106 6
106 9
96 9
96 1
101 1 101 4
97 0
101 3
101 0
100 8
100 6
100 3
124.8
126. 2
126.0
125. 2
125.6
124.8
125.8
123.6
126.3
JRevisions for Jan. 1964-Mar. 1967 (back to Jan. 1959 for all farm products, all crops,
commercial vegetables, and fruit) are available from the Dept. of Agriculture, Statistical
Reporting Service.
§ Ratio of prices received to prices paid (parity index).
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
June 1968
1967
Annual
Apr.
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
Mayp
COMMODITY PRICES—Continued
CONSUMER PRICES— Continued
(U.S. Department of Labor Indexes— Continued)
Unadjusted indexes— Continued
Special group indexes— Continued
Commodities less food
1957-59=100Services
- do
Services less rent
do
Food 9
do
Meats, poultry, and
fish
--do
Dairy products
- do
Fruits and vegetables
_do
Housing
- do_ _
Shelter 9
do
Rent
- do
Homeownership
_ _ _
do _
Fuel and utilities 9
do
Fuel oil and coal
do
Gas and electricity
do
Household furnishings and operation do
Apparel and upkeep
do
Transportation
do
Private
- do
Public
- - -do. __
Health and recreation 9
do
IVIedical care
do
Personal care
do
Reading and recreation
do
Seasonally adjusted indexes:
Food
do
Apparel and upkeep
- do - Transportation
- do__ WHOLESALE PRICESrf
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1957-59=100
9 Foodstuffs
- - - -do _ _
13 Raw industrials
do
All commodities
do
By stage of processing:
Crude materials for further processing — do
Intermediate materials, supplies, etc
do
Finished goods O
do
By durability of product:
Durable goods
do _ _
Nondurable goods
do
Durable manufactures
Nondurable manufactures
Farm prod., processed foods and feeds
106.5
122.3
125. 0
114.2
114.1
111.8
117.6
111.1
114.1
110.4
115.7
107.7
108.3
108.1
105.0
109.6
112.7
111.0
125.8
119.0
127.7
112.2
117.1
109.2
127.7
131.1
115.2
111.2
116.7
117.5
114.3
117.9
112.4
120.2
109.0
111.6
108.5
108.2
114.0
115.9
113.9
132.1
123.8
136.7
115.5
120.1
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
119.1
108.7
127.0
130.4
113.9
108.5
115.9
116.4
113.9
117.5
112.1
119.7
108.7
110.8
108.3
107.9
113.8
115.5
113.6
130.9
122.8
135.7
115.0
119.6
108.9
127.4
130.8
115.1
111.6
116.3
119.9
114.1
117.7
112.2
119.9
108.6
110.5
108.2
108.1
113.9
115.7
113.7
132.2
123.2
136.3
115.3
119.7
109.1
127.7
131.2
116.0
112.3
116.4
124.4
114.3
117.9
112.4
120.2
108.9
111.4
108.3
108.2
113.7
116.2
114.1
132.7
123.6
136.9
115.5
119.8
109.4
128.2
131.7
116.6
113.1
116.6
122.7
114.7
118.4
112.6
120.8
109.1
111.7
108.5
108.3
113.8
116.4
114.4
132.8
124.2
137.5
116.1
120.0
110.0
128.7
132.3
115.9
113.4
117.3
115.6
115.0
118.7
112.8
121.1
109.4
112.3
108.9
108.8
115.1
116.8
114.8
133.0
124.9
138.5
116. 4
120.5
110.6
129.1
132.7
115.7
112.3
117.9
115.3
115.3
119.0
113.0
121.5
109.4
112.5
108.9
109.1
116.0
117.7
115.7
133.0
125.5
139.0
116.5
121.4
111.1
129. 6
133.2
115.6
111.4
117.8
116.7
115.5
119.4
113.2
121.9
109. 3
112.7
109.0
109.3
116.6
118.3
116.2
134.6
126.2
139.7
116.9
122.0
111.1
130.1
133.8
116.2
111.2
118.1
119.6
116.0
119.9
113.5
122.6
109.3
113.1
108.7
109.7
116.8
117.9
115.8
134.9
126.6
140.4
117.2
122.2
111.2
130.8
134.6
117.0
111.6
118.5
124.1
116.4
120.2
113.7
122.9
109.5
113.7
108.9
110.6
115.9
118.7
116.6
135.5
127.1
141.2
117.6
122.7
111.5
131.3
135.2
117.4
112.0
118.5
124.9
116.9
120.8
113.9
123.5
109.8
113.8
109.3
111.2
116.6
118.6
116.4
136.2
127.5
141.9
117.6
123.0
111.9
132.1
136. 1
117.9
113.1
118.7
126.1
117.2
121.0
114.2
123.8
109.9
113.9
109.3
111.8
117.6
119.0
116.7
137.1
128.3
142.9
118.4
124.2
112.2
132.5
136.6
118.3
112.7
118.8
128.3
117.5
121.3
114.4
124.0
110.0
114.0
109.5
112.2
118.4
119.0
116.8
137.2
128.8
143.5
119.0
124.9
113.9
113.1
115.3
114.5
113.7
115.6
115.3
113.9
115.9
115.0
114.2
116.0
115.8
114.3
116.3
115.6
114.9
117.0
115.8
115.4
117.3
116.1
115.9
117.8
116.4
116.2
117.7
117.2
116.6
118.5
117.4
117.1
119.1
118.1
117.8
119.5
118.7
118.5
119.1
96.0
92.8
98.3
i 109. 5
1101.9
U15.2
198.1
194.7
i 100. 4
98.1
95.3
100.1
99.0
98.1
99.6
98.8
97.3
99.8
97.1
95.4
98.3
96.7
94.6
98.1
95.9
93.4
97.8
95.0
91.2
97.7
95.1
89.5
99.1
96.2
90.7
100.1
96.1
90.9
99.8
96.4
92.2
99.5
97.0
92.7
100. 1
105.9
106.1
105.3
105.8
106.3
106.5
106.1
106.2
106.1
106.2
106.8
107.2
108.0
108.2
98.5
105.7
108.7
97.9
105.7
108.6
96.5
105.9
108.9
98.6
106.3
109.3
99.1
106.7
109.7
100.9
107.4
110.2
101.6
107.7
110.4
101.4
107.9
110.4
111.5
106.0
109.0
111.8
106.4
r 108.
3
105.3
104.8
106.9
99.6
105.6
108.2
98.0
105.5
107.0
100.6
105.3
107.6
101.4
105.4
108.4
101.7
105.4
108.7
do___
do__
106. 0
105.6
105.7
106.0
105.3
108.0
104.7
106.7
108.2
105.3
107.6
103.7
106.2
107.8
104.6
107.5
104.6
106.3
107.7
105.0
107.5
105.4
106.6
107.7
105.6
107.6
105.6
106.8
107.9
105.8
107.9
104.8
106.8
108.1
105.6
108.2
104.8
107.1
108. 4
105.8
108.7
104.2
107.1
109.0
105.3
109.1
104.0
107.2
109.3
105.2
109.5
104.8
107.6
109.6
105.6
' 110. 1
105.0
108.1
110.3
105.9
110.8
105.9
108.6
110.9
106.4
111.4
105.9
108.9
111.5
106.3
do___
108.9
105.2
103.4
105.0
106.8
107.3
105.2
105.3
104.1
103.4
104.8
105.3
106.8
106.9
r 106.
8
107.7
101.3
112.5
86.3
87.0
102.7
102.1
114.5
85.1
81.4
105.7
r 102.
1
103.2
r 112.
Farm products 9
do _
Fruits and vegetables, fresh and dried-do___
Grains
do__
Live poultry
do
Livestock
do_._
105.6
102.5
97.3
91.4
110.0
99.7
101. 6
92.2
82.2
101.1
97.6
99.6
98.3
89.0
94.0
100.7
104.4
98.0
85.6
102.6
102.4
114.3
96.1
85.7
104.9
102.8
107.9
92.6
91.9
107.4
99.2
96.6
86.1
77.3
106.3
98.4
92.2
85.6
72.9
103.5
97.1
91.6
86.6
73.8
101.8
96.4
102.9
81.3
65.6
96.2
98.9
105.0
85.4
68.2
97.6
Foods and feeds, processed 9
Beverages and beverage materials
Cereal and bakery products. __
Dairy products
Fruits and vegetables, processed
Meats, poultry, and
fish
do. _
do___
do _
do__
do__
do___
113.0
105.8
115.4
118.5
104.8
110.2
111.7
106.5
117.1
122.0
107.2
105.0
110.0
105.9
117.2
120.1
104.3
100.6
110.7
106.0
117.4
120.8
105.1
103.8
112.6
106.3
117.2
122.2
106.5
108.3
113. 1
106.4
116.9
122.0
107.0
109.9
112.1
106.6
116.8
122.1
107.1
107.4
112.7
106.7
116.6
122.8
107.9
108.6
111.7
107.3
116.8
123.0
109.3
104.7
110.9
107.4
117.0
123.0
112.0
102.2
111.5
107.7
116.9
124.1
113.1
103.2
112.4
107.9
117.1
123.8
113.7
105.5
113.3
108.6
117.4
124.0
113.8
107.6
112.9
108.9
117.4
123.3
114.4
107.0
do
112.0
84.7
81.1
105.2
8
104.7
106.3
106.0
106.0
106. 0
106.0
106.3
106.5
106.8
107.1
107.4
107.8
108.3
108.6
108.8
97.8
102.8
95.7
94.5
102.8
106.8
98.4
103.6
97.4
94.0
81.3
109.3
98.8
105.2
97.6
94.0
85.3
108.8
98.8
105.2
97.5
94.:
98.5
105.1
97.2
94.1
108.8
98.0
101.8
97.1
93.6
77 2
108.8
97.9
101.2
97.1
93.5
108.8
98.3
103.5
97.?
94.1
77. 1
108.8
109.9
98.2
101.6
98.3
93.6
78.5
109.9
98.2
101.7
98.3
93.7
77.9
109.9
98.4
102.2
98.3
93.8
77.2
112.2
98.2
99.5
98.5
92.9
76.4
113.2
98.1
100.6
98.5
93.0
76.7
113.2
98.6
101.2
98.7
93.4
80.0
114.1
98.8
101.6
98.8
93.4
80.9
114.4
Fuels and related prod., and power 9 d o _ _ _
Coal..
do—
Electric power
Jan. 1958=100.
Gas fuels
do
Petroleum products, refined
1957-59=100
101.3
98.6
100.3
129.3
99.5
103.6
103.2
100.
133.6
102.
103.3
102.7
100.6
134.8
101. 7
104.4
102.6
100.6
135.0
103.7
104.0
102.4
100.5
134.3
103.1
103.9
103.0
100.6
131.8
103.3
104.7
103.0
100.5
132.0
104.6
104.5
104.1
100.7
132.6
103.9
103.0
103.8
100.8
132.7
101.0
102.8
104.8
100.9
132.8
100.4
102.6
104.9
100.9
133.1
99.9
101.8
105.0
101.0
130.0
98.8
102.5
105.0
101.1
133.3
99.5
102.0
105.5
101.2
126.5
99.5
102.4
105.4
101.3
125.0
100.3
Furniture and household durables 9
Appliances, household.
99.1
89.1
109.1
83.6
101.
90.
112.
82.
100.6
89.8
112.4
83.3
100.
89.
112.
82.
100.8
90.0
112.4
82.0
100.9
90.
112.
81.8
101.0
90.
112.8
81.8
101.2
90.3
113.0
81.6
101.7
90.5
113.4
82.1
102.0
90.8
114.3
82.2
102.1
90.9
114.3
81.8
103.0
91.1
115.2
81.7
103.3
91.6
115.7
81.7
103.6
91.9
116.0
81.6
103.8
92.2
116.2
81.8
119.7
118.2
140.8
121.
105.
108.
115.
122.
94.
110.
105.
108.
115.
121.
88.3
112.
104.
106.
115.
121.
87.
110.
104.
107.
115.
121.
95.
110.
104.
108.
115.
121.
93.
109.
105.
108.
114.
121.
86.
109.
106.
109.
114.4
121.8
93.2
105.3
108.7
112.0
114.8
123.6
86.8
104.7
107.3
111.2
115.4
123.7
90.4
106.5
106.7
110.9
116.0
124.3
89.7
109.1
107.6
111.8
116.5
125.6
87.3
108.6
108.6
114.0
116.7
125. 5
89.5
108.9
111.6
117.1
117.9
125.6
99.3
110.3
113.9
120.3
114.1
113.9
125.8
125.8
127.7
127.2
102.7
102.7
126.6
126.1
and fuels.
114.3
126.1
128.3
102.6
127.3
118.3
126.6
95.6
111.5
115.8
123.6
114.8
126.2
128.9
103.0
127.6
do__
do _
do _
Hides, skins, and leather products 9
do__
Footwear.
do _
Hides and skins
do
Leather
_ __ _ do._
Lumber and wood products
do_ _
111.
111.
111.
111.
108.
Machinery and equipment 9 _ _ _
do _
121.
121.
122.
121.
118.
Agricultural machinery and equip
do__
121.
121.
122.
121.
118.
Construction machinery and equip
do__
101.
101.
101.
102.
99.
Electrical machinery and equip
do
123.
123.
123.
122.
Metalworking machinery and equip do__
118.
T
Revised.
* Preliminary.
1 Computed by OBE.
9 Includes data for items not
shown separately.
cfFor actual wholesale prices of individual commodities, see respective
111.
111.
122.
121.
122.
122.
101.
101.
124.
123.
commodities.
77 1
113.2
112.6
112.2
111.
124.9
123.8
122.
122.3
126.3
125.3
122.
124.3
102.3
101.6
101.5
101.
125.8
125.4
124.
124.
©Goods to users, incl. raw foods
113.5
109.5
117.3
125.9
114.6
105.8
Chemicals and allied products 9
-- - do__
Agric. chemicals and chem. prod
do___
Chemicals, industrial _ _ _
do __
Drugs and Pharmaceuticals
do__
Fats and oils, inedible
__
do _.
Prepared paint
do___
Home electronic equipment
108.4
99.5
105.4
108.3
99.0
108.1
85.0
78.2
98.7
Industrial commodities ._ ._
94.8
92.9
96.1
108. 6
SURVEY OF CURRENT BUSINESS
June 1968
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1967
1967
Apr.
Annual
S-9
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
112.8
93.8
105.8
128.8
113.9
94.3
105.5
133.3
113.3
94.5
105.1
130.8
May
COMMODITY PRICES—Continued
WHOLESALE PRICESd*— Continued
(U. S. Department of Labor Indexes— Continued')
All commodities— Continued
Industrial commodities — Continued
Metals and metal products 9
1957-59=100Heating equipment
do
Iron and steel
do
Nonferrous metals
do
108.3
92.5
102.3
120.9
109.5
92.6
103.6
120.6
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__
102.6
104.3
108.4
103.0
102.4
102.6
107.3
94.8
93.3
110.1
105.3
102.4
104.0
110.0
97.0
96.2
Textile products and apparel 9 Apparel
Cotton products
Manmade fiber textile products
Silk yarns
Wool products
_ __
102.1
105.0
102.5
89.5
153.6
106.0
102.1
106.9
100.7
86.8
171.9
103.2
100.8
106.8
104.1
109.6
$0.945
.884
Transportation equipment 9
Motor vehicles and equipment
Miscellaneous products 9
Toys, sporting goods, etc
Tobacco products
do
do
do
do
do
do
do
- do
do _
do
do
109.0
92.6
103.4
118.6
109.2
92.5
103.5
118.9
109.6
92.7
104.0
119.4
109.8
92.9
103.9
120.7
110.5
93.3
104.3
122.7
111.0
93.4
104.7
123.7
111.7
93.1
105.5
125.1
103.9
104.2
104.5
104.7
104.9
105.1
105.3
106.0
106.9
107.3
107.4
109.7
105.7
100.9
103. 9
109.6
95.8
94.0
109.9
105.8
100.7
104.1
110.9
95.8
94.0
110.4
105.8
100.7
104.0
110.9
97.8
98.7
110.7
105.9
100.7
104.1
110.9
98.2
98.7
110.7
105.9
103.9
104.3
111.2
98.8
98.7
111.1
105.6
103.9
104.6
111.2
99.1
98.7
111.6
105.8
103.9
104.8
111.2
99.2
98.7
111.8
106.5
103.9
105.2
111.2
99.5
98.7
111.9
106. 8
105.1
105.7
111.9
99.5
98.7
112. 0
107.0
105.1
105. 2
111.9
99.7
98.7
112.1
107.5
105.1
105.2
112.1
99.7
98.7
101.6
106.3
100.3
86.3
167.0
103.1
101.6
106.7
99.7
85.8
167.0
103.2
101. 5
107.1
98.9
85.5
168.4
103.3
101.7
107.3
98.8
85.9
172.6
102.9
102.0
107.4
99.2
86.3
175.7
102.7
102.2
107.5
99.1
86.9
179.5
102.8
103.0
108.0
101.2
88.1
183.9
102.2
103.8
108.1
104.2
88.6
189.7
102.2
104.3
108.3
105.2
89.3
196.8
102.3
104.6
108. 8
105.0
89.6
197.2
102.8
104.6
109. 1
105.0
89.3
196.3
103.1
104.7
109.3
105. 2
89.3
189.7
103.0
101.6
108.0
105.2
110.3
101.6
108. 0
105.3
110.3
101.4
109.6
105.3
114.8
101.3
109.7
105. 6
114.8
101.3
110.0
105.8
114.8
101.5
110.2
106.1
114.8
103.7
110.5
106.3
114.8
104.0
110.6
106.3
114.8
104.0
110.7
106.4
114.8
104.3
111.0
106.7
114.8
104.3
111.3
106. 6
114.8
104.3
111. 5
107.4
114.9
104.3
111.8
108.1
114.9
$0. 950
.867
$0.945
.865
$0. 941
.862
$0.939
.858
$0. 943
.855
$0. 942
.854
$0.943
.851
$0.942
.849
$0.936
.846
$0.933
.843
$0.926
.840
$0. 924
.837
$0. 923
.834
108.9
92.0
103.2
118.9
108. 9
92.5
103.3
118.7
103.9
103.8
109.4
104.6
102.3
103.9
109.3
95.9
94.0
109.7
105.2
102.3
103.9
109.5
95.8
94.0
101.8
106.2
100.8
86.8
164. 5
102.9
102.1
109.2
105.6
112.9
$0.943
.860
109.1
92.0
103.2
120.0
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
1957-59=$!. 00
do
$0. 923
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
mil. $
74, 371
74, 936
5,740
6,306
6,674
6,982
7,119
7,193
7,117
6,844
6,204
5,420
5,049
••5,755
6,426
Private, total 9
_ do
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:
Telephone and telegraph.
do
50, 446
23,815
49, 583
23, 579
17 884
3,673
1,642
1,188
4,023
1,868
1,380
4,316
2,110
1,599
4,532
2,280
1,732
4,696
4,778
2,384
2,377
1 810 1,835
4,757
2,345
1,848
4,662
2,325
1,857
4,353
2,182
1 742
3,766
1,869
1 466
3,557 »-3,904
1,685 r 1,873
1,307 f 1, 468
4,310
2,153
1,694
18 108
6 151
6,991
1 419
1 501
1 509
1 554
1 589
1 665
1 616
1 489
1 340
1 321 ' 1, 427
'430
398
••587
542
1 505
444
644
1,600
1,629
127
138
151
134
142
140
147
149
145
104
120
Public, total 9
23, 925
25, 353
2,067
2,283
2,358
2,450
2 423
2 415
2,360
2,182
1 851
1 654
1 492
412
705
818
68
27
44
668
890
73
42
46
784
917
58
45
57
858
925
56
34
64
939
911
57
30
70
910
902
61
37
71
883
882
63
37
71
840
854
60
40
73
704
36
70
39
56
38
52
72.0
73.9
72.4
73.4
74 4
76.9
77.5
78 4
78 4
80 5
81 4
r
81 3
46 0
47.8
48 1
49 2
50 2
51 7
52 2
52 6
52 4
54 5
55 1
r
54 9
54 3
21.1
22.1
22.9
23.7
24 6
25 3
26.0
26 6
26 9
26 9
27.0
27 4
27 8
17.3
56
17.8
17.3
17.6
17 6
6 0
18 4
66
6 7
18.3
62
18.0
56
17 4
59
6 7
19.6
6 3
79
19.8
58
' 19 2
18 3
53
80
New construction (unadjusted), total
17, 964
18, 607
6,703
6,890
1,225
do
Buildings (excluding military) 9
do
Residential. _
__.do
Industrial
do
Military facilities. ___ __
do
Highways and streets
do
New construction (seasonally adjusted at annual
rates), total
bil. $
Private, total 9 _ _ .
8,921
653
369
713
8.359
do
Residential (nonfarm) _.
do
Nonresidential buildings, except farm and public utilities, total 9 _ _
bil. $
Industrial.
do
Commercial
do
Public utilities:
Telephone and telegraph
do
Public, total 9 .
Index (mo. data seas, adj.)
Public ownership
Private ownership
By type of building:
Nonresidential
Residential 1 Non-building construction
New construction planning
(Engineering News-Record) §.
6.9
do
do
do
6.0
7.1
515
577
5.9
6.7
6.2
6.7
530
597
6.4
1 678
592
626
547
663
7.0
494
677
7.2
522
573
432
525
8.5
140
r
1, 851
2,116
il
51
r 5 5
'8 2
80 7
1.7
1.7
1.6
1.6
1.7
1.7
1.7
1.6
1.6
1.7
17
26.1
24.3
24.2
24 2
25 2
25 3
25 8
26 0
26 0
26 3
26 5
9.9
.9
.3
.6
9.0
10.1
.9
.4
.5
8.9
9.8
.7
.5
.6
8.2
9.9
.6
.5
.8
8.0
9.9
.6
4
.7
8.0
10.2
10.2
10.5
.6
5
.8
8.0
5
.9
5
.8
5
.9
5
7
53 446
4,389
5,095
5,414
4,879
5,104
4,695
5,053
4,258
3,996
3, 714
3 704
5 417
145
2 153
138
154
164
149
165
168
171
168
166
159
156
176
146
1
18 152
1
31, 998
20 709
32 737
1 498
2 891
3,275
1,820
2,169
3,245
1 989
2,890
1 824
3,280
1,677
3,018
1 527
3,527
1 435
2 823
1 507
2 490
1 300
2 414
1 041
2 664
1 698
3 719
1 554
3 324
1 19, 393
1
17 827
1
12, 930
20, 418
19 695
13, 333
1,830
1 627
1,808
2,002
1,285
2,070
2,000
1,344
1,749
1 829
1,302
1,847
1,912
1,345
1,786
1,741
1,169
1,874
1 887
1,292
1,586
1 717
1, 550
1 404
1 042
1,347
1 462
1,251
1 495
1,835
2 220
1 362
1,522
2 312
1 044
1
50, 150
2
931
do
3,359
52,112
4,143
5,809
59, 944
Revised.2
v Preliminary.
1 Annual total includes revisions
not distributed to
3
months.
Computed from cumulative valuation total.
See note "If" for this page,
c? See corresponding note on p. S-8.
9 Includes data for items not shown separately.
1 Beginning Jan. 1968, data are not entirely comparable with those for earlier periods; new
r
541
593
1.5
1957-59—100
mil $
do
499
597
25 9
do
Buildings (excluding military) 9
do
Residential
_
do
Industrialdo
Military facilities ._
do
Highways and streets
_do
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.)t
Valuation, total t
mil. $
464
557
.6
5
.7
8.3
.6
4
.8
8.2
956
3
3
905
958
26 4
4 878
4,663
6,829
5,506
4,053
2,835
4,932
4,295
3,930
5,896
3,492
5,040
compilation method raises the level of residential data by 8 percent and the total valuation
by 3 percent. §Data for June, Aug., and Nov. 1967 and Feb. and May 1968 are for 5 weeks;
other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
Annual
June 1968
1967
Apr.
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
CONSTRUCTION AND REAL ESTATE—Continued
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total incl. farm (private and public)
One-family structures
_
Privately owned
thous.. 1,196.2
779.5
_ do _
1, 165. 0
do
1, 321. 9
844.9
1, 291. 6
115.9
79.9
113.7
134.2
87.4
132.0
131.6
87.7
125.4
126.1
82.4
125.3
130.2
83.8
127.4
125.8
78.2
121.9
137.0
81.8
135.4
120.2
69.1
118.4
83.1
47.1
80.1
82.7
45.3
80.5
87.2
'55.4
84.6
1, 172. 8
807.3
1,141.5
1, 298. 8
919.7
1, 268. 4
114.2
77.4
112.0
131.9
91.7
129.7
129.6
87.9
123.4
124.9
87.7
124.0
126.5
89.8
123.6
123.4
88.3
119.5
134.6
99.0
133.1
118.6
84.9
116.8
82.1
63.6
79.1
82.0
63.5
79.8
1,116
1,099
1,274
1,254
1,233
1,214
1,369
1,356
1,407
1,381
1,445
1,415
1,496
1,478
1,590
1,567
1,250
1,235
1,028
578
1,033
1,109
1,093
1,127
1,159
1,212
1,158
Total nonfarm (private and public)
In metropolitan areas
Privately owned
do
do
do
Seasonally adjusted at annual rates:
Total including farm (private only)
Total nonfarm (private only)
do
do
New private housing units authorized by building
permits (12.000 permit-issuing places) :
Seasonally adjusted at annual rates:
Total
_
thous
One-family structures
do_
972
563
1,079
613
601
630
626
639
638
673
625
127.8
78.9
125.7
167.9
100.5
164.4
85.3
'61.4
82.8
125.1
'91.4
123.0
164.9
118.5
161.4
1,456
1,430
1,537
1,499
1,500
1,468
1 620
1,590
1,323
1,102
702
630
1,360
1,376
1,297
690
r
697
647
CONSTRUCTION COST INDEXES
121
127
123
124
126
128
129
129
129
129
129
130
130
130
131
1913—100
_ _ do. .
do
do
do
867
941
963
867
852
909
992
1,008
910
903
891
972
997
890
882
899
982
997
890
912
909
982
997
891
912
915
995
917
998
919
922
930
932
937
938
940
945
1,013
923
912
924
912
Associated General Contractors of America, Inc.,
The (building only)
1957-59=100
127
132
129
130
131
133
133
E. H. Boeckh and Associates, Inc.: ^
Average, 20 cities:
All t vpes combined
1957-59 — 100
Apartments, hotels, office buildings
do
Commercial and factory buildings
do
Residences
_
._ do _
122.1
123. 2
122.2
120.1
129 8
130 7
130.2
127.4
125.8
126.6
126.1
123.3
127.0
127.9
127.3
124.8
130.1
131.2
130.2
127.9
131.9
133.0
132.2
129.4
Engineering News-Record:!
Building _
Construction
__
123.4
134.1
127.4
140.8
125.1
137.3
126.4
139.4
127.3
140.5
127.8
141.9
113 0
117 6
157.6
153 2
148.9
146.3
164.5
153.3
166.7
155.7
150.4
156.1
180.6
164.2
162.3
155.8
167.8
148.4
150.9
158.1
133.0
154.8
169 0
155 0
189 8
163 0
149 6
186 6
164.2
145.3
167.1
182.4
156.3
208.0
177.0
152.6
226.9
156.4
131.7
225.4
187.6
165.7
266.6
162.2
155.5
234.2
172.1
163.9
239.3
161.4
152.0
182.2
147.6
137.0
127 5
153.0
167.2
16.0
162
10.9
12.7
155
12.2
17.1
180
11.6
14.6
176
10.8
15.3
185
12.5
122
109
16.3
169
12.8
10.2
162
124.4
14.8
159
11.0
12.9
189
99.2
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
mil. $__ 6,095.32 5, 884. 64
2, 600. 53 3, 404. 87
Vet. Adm.: Face amount!
do
358. 98
184. 12
406. 92
231. 28
508. 04
265. 88
501. 11
295. 92
653. 83
340. 29
Dept of Commerce composite
American Appraisal Co., The:
Average 30 cities
Atlanta ...
New York
__
San Francisco
St. Louis
1957-59=100
_.
do
do _
Bu. of Public Roads—Highway construction:
Composite (avg for year or otr )
1957—59 — 100
1,015
1,001
1,016
928
912
1,019
1,019
1,024
1,025
1,047
1,044
943
923
1,053
1,048
943
923
134
134
135
135
133.9
134.7
134.4
131.2
133.7
134.6
134.2
131.1
134.1
135.1
134.6
131.6
134.6
135.5
134.9
132.4
135.3
136.2
135.5
133.3
130.4
144.5
131.4
145.7
131.8
146.5
132.5
147.0
132.9
147.6
i 134. 8
i 150. 2
1,033
1,044
937
919
941
923
134
134
133.6
134.5
134.2
130.9
133.8
134.7
134.3
131.2
129.7
144.2
130.1
144.3
933
916
133
134
132.3
133.4
132.6
130.0
133.3
134.1
133.8
130.6
128.6
143.3
129.3
143.7
112.3
1,033
1,044
1,025
1,026
928
912
123.0
944
927
136
120.6
119.2
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted 9
Seasonally adjusted
1947-49—100
do
Iron and steel products, unadjusted
Lumber and wood products unadj
Portland cement unadjusted
do
do
do
138.8
148.5
147.1 ' 158 6 185.0
«• 152. 6
155.6
101.5 ' 122 0 156.6
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units..
Seasonally adjusted annual rates t
do
Requests for VA appraisals
__ __ do
Seasonally adjusted annual rates!
do
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $..
New mortgage loans of all savings and loan associations, estimated totalt
mil $
By purpose of loan:t
Home construction
do
Home purchase
do
All other purposes
do
Nonfarm foreclosures
Fire losses (on bldgs , contents etc )
number
mil $
135
146
122
11.2
163
12.4
152
10.6
15.9
160
11.6
127
14.7
144
"•12. 4
'126
15.7
161
11.0
151
9.5
136
643. 11
352. 10
665. 33
434. 29
620. 86
382. 91
457. 89
340. 32
577. 59
348. 77
436. 34
279. 57
434.80
267. 29
470. 58
265. 30
495. 28
280. 15
4,269
4,545
4, 719
131
7.9
125
8.4
122
141
6,935
4,386
4,782
4,421
4,302
4,221
4,153
4,122
4,114
4,188
4,386
4,442
4,348
16, 720
19 891
1,339
1,738
2,162
1,860
2,228
1,971
1,950
1,801
1,759
1,389
1,456
3,606
7,746
5,368
4 190
9 505
6 196
312
586
441
400
779
559
435
424
381
1,046
382
951
527
413
949
588
388
856
557
380
780
599
291
665
433
305
704
447
117 473
110 541
9,292
9,547
10, 121
9,030
9 254
8,875
8 338
8 469
8 119
8 380
7 752
8 077
1 496 76 1 706 72
142. 86
143. 15
164. 04
144. 17
173. 25
116.95
114. 79
115. 21
127. 82
153. 95
142. 75
155. 58
681
1,186
618
1,017
573
110
' 1, 766 1,948
'409
840
'517
474
934
540
197. 25
DOMESTIC TRADE
ADVERTISING
Marketing/Communications advertising index, seasonally adjusted:©
Combined index
1957-59—100
Business papers
do
Magazines.
_
do
Newspapers
do
Outdoor
do
Radio (network)
__ _
do
Television (network)...
_
do
145
150
150
148
129
130
129
128
157
160
159
157
112
121
117
119
r 95
78
111
91
118
117
117
118
194
209
195
197
' Revised.
1 Index as of June 1, 1968: Building, 136.2; construction, 151.9.
ICopyrighted data; see last paragraph of headnote, p. S-l.
^Revisions for July-Dec. 1966 for ENR building and construction cost indexes: for 1960-66
144
126
160
111
94
124
188
152
149
147
143
145
148
161
150
141
121
130
139
125
134
124
125
162
152
149
153
150
157
161
157
113
113
128
104
106
114
113
113
96
84
111
73
119
88
97
95
130
125
101
109
105
125
106
114
197
206
217
215
210
209
208
236
(seas, adj.) for FHA applications and VA appraisals; and for Jan.-Nov. 1966 for new mortgage
loans will be shown later.
9 Includes data for items not shown [separately.
§ Data
include guaranteed direct loans sold.
© Formerly Printer's Ink advertising index.
SURVEY OF CUKRENT BUSINESS
June 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
S-ll
1967
| 1967
Apr.
Annual
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Television advertising:
Network (major national networks) :
Net time costs total
Automotive, incl accessories
Drugs and toiletries
Foods soft drinks, confectionery
Soaps, cleansers, etc
Smoking materials
Ail other
m'l $
do
do
do
do
do
do
Magazine advertising (general and natl. farm magazines) :
Cost total
mil. $
Apparel and accessories
_ _ _ _ do
Automotive , incl. accessories
do
Building materials
do
Drugs and toiletries
_do _
Foods, soft drinks, confectionery
do
Beer, wine, liquors
_ __ do
Household equip., supplies, furnishings.. do
Industrial materials
. do
Soaps, cleansers, etc
do
Smoking materials
do
Allother
. .
do
Newspaper advertising linage (52 cities):
Total
mil. lines
Classified
._
_ do
Display, total
do
Automotive
do
Financial
_
do
General
do
Retail
_
do
WHOLESALE TRADE
Merchant wholesalers sales (unadj.), total, mil. $__
Durable goods establishments
do
Nondurable goods establishments
do
1 411.3 1,499.9
307.4
22.7
93.3
64.6
31.8
36.7
58.2
317.8
21 0
85.4
66.0
30.8
37 6
76.9
471.7
42.6
127.5
89.1
34.1
60.4
117.9
417.4
36.0
122.7
84.7
41.5
46.2
86.2
106.7
429.8
274.0
131.5
161 4
308.0
115.8
429.0
306.8
134.3
183.1
331.0
1, 166. 7
68.1
123.5
34.5
134.4
125.4
1,161.6
60.7
103.7
31.0
148.4
116.1
110.9
8.3
10.2
4.2
13.0
8.6
112.1
5.7
10.6
3.9
13.4
9.6
97.8
2.4
8.4
3.1
14.9
10.4
69.3
.9
4.0
1.7
10.8
9.4
64.4
5.3
3.1
1.5
10.2
6.9
108.0
9.8
8.2
3.1
13.3
9.8
118.4
7.0
13.3
2.7
14.8
10.8
115.6
5.4
9.8
2.2
14.6
11.9
99.9
3.3
8.1
1.4
12.3
10.1
63.3
1.6
4.4
1.2
7.1
6.7
84.7
3.2
9.6
1.8
11.2
9.1
105.9
6.3
11.1
3.1
12.3
10.3
119.2
8,6
12.7
4.8
11.9
9.9
116.0
5.6
11.9
4.1
14.5
8.5
79.2
80.1
53.3
17.6
39.6
411.0
89.2
70.7
62.7
22.9
39.9
416.3
6.6
8.6
5.9
2.5
3.1
39.9
8.1
9.3
6.3
2.5
3.5
39.1
8.1
5.6
6.4
2.4
3.5
32.6
5.6
3.7
4.4
1.6
2.9
24.4
3.4
2.9
3.6
1.4
2.5
23.6
6.5
6.2
7.1
2.0
3.2
38.8
9.5
9.0
5.6
2.2
3.8
39.8
11.5
7.5
5.4
2.2
3.7
41.3
15.0
5.1
4.4
1.1
4.7
34.4
3.4
2.5
4.2
1.7
2.7
27.6
4.5
2.8
4.3
1.5
3.0
33.6
6.8
6.2
4.4
2.2
3.1
39.8
7.8
9.6
4.7
2.5
3.8
43.1
8.1
9.7
5.9
1.9
4.0
42.1
3, 354. 3
924.3
2, 430. 0
182.9
73.2
310.3
1,863.6
3,297.8
878.1
2, 419. 6
158.5
66.9
297.1
1, 897. 1
294.3
80.2
214. 1
15.6
5.8
28.9
163.8
300.1
80.6
219.5
16.5
5.6
29.3
168.1
279.1
76.4
202.7
15.7
5.4
26.3
155.3
246.4
74.9
171.5
11.9
5.8
17.8
136.0
269.8
76.3
193.6
11.2
4.2
19.0
159.2
269.8
73.1
196.7
13.7
4.8
26.2
152.0
296.2
76.9
219.3
12.7
6.2
29.9
170.5
305.8
68.4
237.4
13.9
5.3
28.7
189.5
283.2
59.8
223.4
9.2
5.6
22.2
186.4
231.3
67.0
164.2
11.4
7.6
17.3
127.9
236.1
66.9
169. 2
13.4
4.6
22.3
128.9
282.4
79.0
203.5
14.4
5.5
26.0
157.6
277.5
76.0
201.4
16.6
6.6
26.1
152.2
203, 751
91, 026
112, 724
205, 188
90, 447
114, 741
16, 218
7,165
9,053
17, 429
7,662
9,767
17, 568
7,964
9,604
16,425
7,287
9,138
18, 087
8,061
10, 026
17, 272
7,727
9,545
18, 078
8,107
9,971
18, 132
7,904
10,228
17,408
7,530
9,878
16,863
7,365
9,497
16, 816 '17,775 18, 178
* 7, 541 8, 026
8,462
9,275 ' 9, 749 9, 716
21, 607
12, 308
9, 299
20, 722
12, 231
8,491
20, 554
12, 190
8,364
20, 510
12, 220
8,290
20, 385
12, 171
8,214
20, 684
12, 113
8,570
20,849
12, 120
8,729
21,268
12, 184
9,084
21, 425
12, 150
9,275
21, 607
12,308
9,299
21,678
12, 236
9,442
21, 555 ' 21, 679 21, 677
12, 308 '12,564 12, 743
9,247 ' 9, 115 8,934
24, 157 ' 27, 044 ' 27, 479 i 29, 007
Merchant wholesalers inventories, book value,
end of year or month (unadj.), total
mil. $__ 20, 520
Durable goods establishments. _
do
11, 805
Nondurable goods establishments . _ _ .do
8,715
RETAIL TRADE
All retail stores:
Estimated sales (unadj.), total
mil $
303, 672
313, 503
25, 081
26, 557
27, 616
26, 005
26, 201
26,239
26, 162
27, 159
32, 589
24, 269
97, 812
57, 414
53, 875
3,539
99, 669
57, 556
53, 695
3,861
8, 205
4,955
4,644
311
8,928
5, 413
5,084
329
9,398
5,644
5,273
371
8,547
5,014
4,670
344
8,298
4,669
4,338
331
8,200
4,515
4,192
323
8,574
4,870
4,531
339
8,482
4,777
4,413
364
8,984
4,503
4,089
414
7,546
4,594
4,326
268
7,801 ' 8, 900 '9,072
4,736 ' 5, 503 ' 5, 527
4,485 ' 5, 200
5,174
'303
251
353
i 9, 769
15,892
14,978
9,089
4,905
12, 307
9, 340
2,967
15, 700
9,384
5,245
12, 411
9,350
3,061
1,160
725
370
999
738
261
1,313
1,245
804
781
391 ' 439
1,167
1,115
884
844
283
271
1,239
770
399
1,143
881
262
1,325
818
424
1,167
911
256
1,367
805
464
1,121
867
254
1,365
820
440
1,145
892
253
1, 472
859
497
1,057
802
255
1,785
957
665
1,074
716
358
1,204
695
417
833
621
212
1,236 '1,306 ' 1, 264
'790
734
795
'431
416
398
875 ' 1, 014
1,170
'781
678
896
'233
197
274
U,356
205, 860
17, 276
3,537
6,913
4,015
2,811
213, 834
18, 105
3,822
6,994
4,342
2,947
16, 876
1,375
282
550
307
236
17, 629
1,439
297
575
319
248
18, 218
1,473
337
552
337
247
17, 458
1,301
286
492
314
209
17, 903
1,451
293
546
372
240
18, 039
1,574
304
595
394
281
17, 588
1,472
300
577
361
234
18, 677
1,628
357
620
404
247
23, 605
2,614
604
995
668
347
16, 723
1,288
296
489
286
217
10, 148
23, 431
71, 125
65, 105
23, 012
10, 894
24, 887
72, 137
66, 146
24, Oil
851
1,991
5,810
5,348
1,940
894
2,093
5,. 888
5,391
2,034
910
2,197
6,259
5,742
2,136
879
2,293
6,145
5,632
2,159
888
2,316
6,059
5,544
2,113
882
2,178
6,236
5,729
2,030
886
2,121
5,842
5,338
2,035
895
2,024
5,999
5,495
2,047
1,261
2,163
6,848
6,278
2,067
914
1,980
5,940
5,467
1,988
891
1,946
5,831
5,350
1,923
'912
' 2, 137
' 6, 088
' 5, 572
' 2, 133
1947
2,296
6,567
6,045
2,226
39, 811
26, 094
2,691
5,727
6,758
42, 174
27, 703
2,767
6,078
7,120
3,049
2,016
199
414
541
3,322
2,194
208
470
572
3,483
2,322
198
492
586
3,085
2,008
179
455
577
3,502
2,280
233
501
580
3,516
2,319
223
496
589
3,519
2,312
264
479
573
4,219
2,760
359
571
624
6,371
4,223
355
1,057
913
2,721
1,815
176
363
560
2,774 '3,363 ' 3, 607
1,808 ' 2, 231 ' 2, 374
'229
187
237
' 467
527
405
'591
551
571
3,666
2,431
do
25, 918
25, 897
26, 544
26, 444
26,422
26, 732
26,089
26, 411
26, 470
27, 065
do
do
do
do
8,104
4,660
4,348
312
8,187
4, 752
4,448
304
8,546
5,069
4,750
319
8,592
5,130
4.814
316
8,508
5,053
4,731
322
8,743
5,224
4,891
333
8,235
4,707
4,361
346
8,221
4,692
4,331
361
8,327
4,678
4,355
323
8,523
4,892
4,549
343
8,765 ' 9, 053 ' 8, 822
5,068 ' 5, 279 5,095
4,736 ' 4, 934 4,747
'345
348
332
do
do
do __
do
do
do
1,286
791
423
1,048
779
269
1,306
795
420
1,001
750
251
1,295
775
450
1,014
754
260
1.267
784
397
1,031
771
260
1,299
781
424
1,025
767
258
1,347
812
450
1,041
789
252
1,300
771
423
1,038
786
252
1,331
782
454
1,021
774
247
1,358
778
463
1,088
839
249
1,360
789
469
1,084
819
265
1,398 '1,430
'866
840
'472
469
1,167 '1,203
'929
906
'274
261
Nondurable goods stores 9
do
17, 814 17, 710 17, 998
Apparel group
_
do
1,524
1,585
1,490
Men's and boys' wear stores. _ _ do __
333
326
317
Women's apparel, accessory stores do
614
585
596
Family and other apparel stores
do
384
342
358
Shoe stores. _ _
do
244
254
246
T
Revised.
1 Advance estimate.
9 Includes data for items not shown separately.
cf Comprises kmiber yanis, build ing
materials dealers, and paint, plumbing, and electrical stores.
<= Corre cted.
17, 852
1,538
332
594
371
241
17,914
1,562
340
605
367
250
17, 989
1,559
322
607
373
257
17,854
1,485
307
575
349
254
18, 190
1,515
324
578
364
249
18, 143
1,476
304
559
367
246
18, 542
1,548
338
584
365
261
Durable goods stores 9 _ ._
do
Automotive group
do __
Passenger car, other auto, dealers
do_
Tire, battery, accessory dealers _ _ _ _ _ _ d o - _ _
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance, TV, radio
Lumber, building, hardware group
Lumber, bldg. materials dealerscf
Hardware stores
Nondurable goods stores 9
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores _
Gasoline service stations
do
do
do _
do
do
do
do
do
do
do
do
do
_do .
do
do
do
do _
General merchandise group 9
do
Department stores
_ _ do Mail order houses (dept. store mdse.) _do
Variety stores
do
Liquor stores
__
do
Estimated sales (seas, adj.), total
Durable goods stores 9
Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance, TV, radio.
Lumber, building, hardware group
Lumber, bldg. materials dealers cf
Hardware stores _ _ .
16,356 ' 18, 144 ' 18, 407 i 19, 238
1,161 '1,428 ' 1, 616 i 1, 510
'274
307
236
'568
628
454
'320
359
276
'266
322
195
927
' 2, 130
' 6, 340
' 5, 824
'2,085
27, 399 ' 28, 120 '27,565 i 27, 876
18,966
1,401
850
462
1,170
901
269
18, 634 '19,067 18, 743 118,910
1,586 ' 1,652 1,533
321
'354
324
591
590
'631
364
'390
401
257
271
'277
SURVEY OF CURRENT BUSINESS
S-12
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
June 1968
1967
| 1967
Annual
Apr.
May
1 June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
DOMESTIC TRADE—Continued
RETAIL TRADE-Continued
All retail stores— Continued
Estimated sales (seas, adj.)— Continued
Nondurable goods stores— Continued
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
mil. $
do
do
do
do
General merchandise group 9
do
Department stores
do
IVIail order houses (dept store mdse ) do
Variety stores
do
Liquor stores
do
Estimated inventories, end of year or month:
Book value (unadjusted), total.
mil. $..
Durable goods stores 9 do
Automotive group
do
Furniture and appliance group
do
Lumber, building, hardware group, -do
Nondurable goods stores 9
Apparel group. __
___
Firms with 11 or more stores:
Estimated sales (unadi ) total 9
903
2,071
6,002
5,500
2,020
913
2,094
6,019
5,516
2,003
901
2,110
6,042
5,535
2,028
912
2,104
6,054
5,543
2,015
928
2,133
6,095
5,584
2,064
949
2,144
6,179
5,666
2,017
954
2,173
6,249
5,743
2,095
936
2,206
6,160
5,655
2,116
948
' 2, 230
'6,272
' 5, 744
' 2, 174
940
2,205
6,342
5,816
2,163
3,479
2,278
230
520
609
3,468
2,283
215
504
598
3,604
2,377
228
516
599
3,529
2,305
236
506
580
3,565
2,341
222
516
597
3,587
2,354
239
516
599
3,543
2,321
250
508
600
3,613
2,371
239
533
601
3,577
2,367
231
529
586
3,610
2,388
241
526
633
3,737
2,480
237
534
625
"3,880
' 2, 570
'256
••565
'647
3,769
2,507
254
527
613
37, 199
16,826
8,105
2,599
2,514
36,935
16, 695
7,966
2,606
2,527
36, 337
16, 295
7,683
2,594
2,477
35, 894
15, 972
7,363
2,556
2,432
35, 106
14, 691
5,972
2,564
2,419
35, 705
14, 786
6,066
2,603
2,440
36, 768
14, 968
6,172
2,636
2,443
37, 890
15,363
6,451
2,722
2,455
35, 459
15,468
6,990
2,530
2,361
35, 837
16, 104
7,528
2,518
2,422
36, 725
16, 599
7,870
2, 592
2,442
37, 745
16, 954
8,073
2,646
2,513
38, 510
17, 510
8,444
2,719
2,578
19, 702
4,102
4,201
6,425
3,919
19, 991
4,127
4,265
6,714
4,102
20,373
4,314
4,167
6,833
4,123
20, 240
4,270
4,149
6,816
4,120
20, 042
4,131
4,176
6,693
4,025
19, 922
4,125
4,122
6,760
4,076
20, 415
4,407
4,108
6,970
4,212
20, 919
4,545
4,156
7,320
4,449
21,800
4,617
4,320
7,851
4,845
22,527
4,747
4,463
8,142
5,055
19,991
4,127
4,265
6,714
4,102
19, 733
3,961
4,221
6,712
4,036
20, 126
4,174
4,242
6,936
4,209
20, 791
4,352
4,296
7,249
4,440
21,000
4,403
4,332
7,379
4,489
36,961
16, 536
8,108
2,574
2,483
36, 682
15, 977
7,140
2,611
2,442
36,236
16,033
7,409
2,568
2,448
36, 263
15, 904
7,315
2,585
2,451
36, 087
15, 661
7,154
2,586
2,419
35, 997
15, 549
6,966
2,571
2,427
36,028
15,503
6,867
2,569
2,429
36, 143
15, 711
7,041
2,567
2,452
36,217
15, 681
7,006
2,549
2,468
36,474
15,728
7,048
2,610
2,475
36,682
15,977
7,140
2,611
2,442
37, 130
16, 238
7,330
2,617
2,507
37, 082
16, 268
7, 314
2,689
2, 479
37, 003
16, 253
7,379
2, 659
2,459
37, 512
16,684
7,718
2,687
2,510
do
do
do
do
do
20, 425
4,318
4,209
6,909
4,200
20, 705
4,363
4,248
7,189
4,359
20, 203
4,288
4,114
6,817
4,115
20, 359
4,335
4, 149
6,900
4,174
20, 426
4,321
4,184
6,904
4,201
20, 448
4,328
4,189
6,961
4,233
20, 525
4,333
4,205
6,997
4,250
20, 432
4,264
4,181
7,019
4,261
20,536
4,236
4,231
7,067
4,299
20, 746
4,294
4,321
7,141
4,345
20, 705
4,363
4,248
7,189
4,359
20, 892
4,343
4,281
7,365
4,475
20,814
4,339
4,276
7,337
4, 502
20, 750
4,326
4,262
7,292
4,480
20, 828
4,377
4,276
7,361
4,480
do
Book value (seas, adj.), total
do
Durable goods stores 9
do
Automotive group
do
Furniture and appliance group
___do
Lumber, building, hardware group— -do
-
923
2,059
6, 050
5,548
2,040
35, 459
15, 468
6,990
2,530
2,361
do
do
Nondurable goods stores 9
Apparel group
Food group
General merchandise group
Department stores
903
2,038
5,996
5,507
1,996
35, 846
16, 144
7,938
2,512
2,401
do
.do
General merchandise group
Department stores
906
2,034
5,985
5,513
1,992
80, 323
85, 203
6,500
6,839
7,252
6,683
7,063
7,292
7,050
7,820
10,604
6,352
6,387
7,318
7,479
Apparel group 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
do
do
do____
do
4,770
573
1,779
1,269
5,069
612
1,855
1,367
371
43
140
101
404
47
152
111
415
53
151
114
339
39
126
92
411
43
148
112
444
47
160
135
426
52
157
111
476
63
173
118
776
106
288
179
338
49
111
98
320
38
113
87
418
48
149
120
504
59
172
157
Drug and proprietary stores
Eating and drinking places
Furniture and appliance group
do
do
do
2,663
2,222
1,276
3,120
2,554
1,362
229
202
104
243
214
115
256
223
116
247
223
113
251
226
118
253
222
119
254
223
124
267
216
126
432
221
145
255
210
102
250
207
100
280
228
110
272
233
112
General merchandise group 9
Dept. stores, excl. mail order sales
Variety stores
do
do
do
28, 988
19, 653
4,593
30, 953
20,984
5,029
2,237
1,533
341
2,432
1,667
388
2,559
1,767
407
2,276
1,547
371
2,590
1,750
414
2,575
1,757
412
2,586
1,753
395
3,128
2,101
481
4,704
3,146
893
1,994
1,374
297
2,041
1,376
332
2,485
1,694
392
2,684
1,815
446
Grocery stores..
Tire, battery, accessory dealers
do __
do..
29, 906
1,472
31, 145
1,529
2,516
127
2,498
133
2,692
150
2,582
129
2,549
126
2,753
122
2,489
127
2,605
137
3,116
172
2,620
114
2,612
107
2,853
125
2,694
152
do
6,993
6,948
7,171
7,162
7,013
7,215
7,205
7,368
7,282
7,483
7,683
7,722
7,699
_ do
do
do
438
50
165
121
407
47
151
109
424
52
155
112
415
49
150
111
436
54
156
119
436
52
157
122
434
50
160
121
429
54
155
118
435
53
159
119
447
58
156
125
473
56
167
121
480
61
171
128
455
59
157
127
Drug and proprietary stores
Eating and drinking places
do
do _
245
205
252
209
261
209
256
208
265
209
261
216
267
221
277
225
276
223
283
228
281
229
292
230
285
235
General merchandise group 9
Dept. stores, excl. mail order sales.
Variety stores
do
do
do __
2,528
1,683
420
2,482
1,710
417
2,627
1,774
422
2,643
1,738
416
2,486
1,780
427
2,646
1,759
428
2,607
1,783
418
2,667
1,830
443
2,566
1,767
445
2,677
1,834
435
2,827
1,941
444
2,890
1,954
476
2,802
1,917
437
Grocery stores
Tire, battery, accessory dealers
do.__
do
2,583
127
2,575
123
2,591
130
2,613
118
2,628
125
2,640
127
2,620
130
2,655
136
2,712
125
2,764
147
2,738
143
2,707
142
2,818
150
_
Estimated sales (seas adj ) total 9
Apparel group 9
Women's apparel, accessory stores
Shoe stores _.
All retail stores, accounts receivable, end of yr. or mo.:
Total (unadjusted)
mil. $__
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts _
do
Total (seasonally adjusted)
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
___do
do
do
do
do
18, 986
7,212
11, 774
8,164
10, 822
19, 806
7,331
12,475
8,336
11, 470
17,814
6,875
10, 939
7,789
10, 025
18,005
6,943
11,062
8,013
9,992
18, 359
7,225
11, 134
8,194
10, 165
18, 034
7,128
10, 906
8,010
10, 024
18, 082
7,146
10, 936
7,950
10, 132
18,205
7,194
11, Oil
7,941
10, 264
18,168
7,094
11,074
7,974
10,194
18,696
7,109
11,587
8,199
10,497
19.806
7,331
12, 475
8,336
11, 470
19,020
7,079
11,941
7,931
11, 089
18, 518 '18,497
6,999 ' 7, 018
11, 519 '11,479
7,679 '7,770
10,839 '10,727
18, 848
7,149
11, 699
8, 026
10, 822
17, 767
6,987
10, 780
7,730
10,037
18, 588
7,093
11, 495
7,936
10, 652
18,211 17,926
7,181 6,973
11, 030 10, 953
7,920 7,827
10, 291 10, 099
18, 225
7,049
11,176
7,992
10, 233
18, 169
6,985
11, 184
8,016
10, 153
18, 251
6,974
11, 277
7,993
10, 258
18,399
7,064
11,335
8,035
10,364
18,251
6,918
11,333
7,933
10,318
18,664
7,054
11,610
8,086
10,578
18, 588
7,093
11, 495
7,936
10, 652
18, 622
7,178
11, 444
7,956
10, 666
18,943 '19,024
7,345 ' 7, 360
11, 598 '11,664
8,075 ' 8, 120
10,868 '10,904
19, 191
7,444
11, 747
8,097
11, 094
200. 09
200.25
200. 36
200.51
200. 66
200.83
81, 527
78, 057
75,338
71, 793
3,545
2,719
79,811
76, 347
73, 273
69, 908
3,366
3,074
80, 869
77, 402
74, 114
70, 653
3,462
3,288
80, 938
77, 447
74, 517
70, 980
3, 537
2,929
81, 141
77, 634
75. 143
71| 292
3,851
2.491
81, 770
78, 234
75,931
71,935
3,996
2,303
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total , incl . armed forces overseas
mil
1
196. 92 i 199. 12
198. 61
198. 76
198. 94
199. 12
78, 893
75, 770
72, 895
68, 915
3,979
2,875
79, 560
76, 111
73, 445
69, 724
3,721
2,666
79, 551
76 095
73^ 637
69, 812
3,825
2,457
82, 464
79, 020
75,391
70, 996
4,395
3,628
82, 920 82, 571 80,982 81, 595 81, 582
79 471 79 112 77, 526 78, 132 78, 113
76^221 76^ 170 74,631 75, 181 75, 218
71, 705 71, 792 70, 700 71, 148 71, 460
3,759
4,378
3,931
4,033
4,516
2,894
2,942
2,895
2,951
3,250
9 Includes data not shown separately.
199. 32
199. 53
199. 73
199. 92
LABOR FORCE
Labor force, total, 16 years of age and over
Civilian labor force
Employed, total
_
Nonagricultural employment
Agricultural employment
Unemployed (all civilian workers)
'Revised.
1 As of July 1.
thous_
do
do
do
do
do
80, 793
77, 347
74, 372
70, 528
3,844
2,975
SUEVEY OF CURRENT BUSINESS
June 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
May
Apr.
Annual
S-13
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May P
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE— Continued
Seasonally Adjusted
Civilian labor forcej
thous
Nonasricultural employment
Agricultural employment
do
do
76, 814
73, 939
70, 096
3,843
76, 502
73, 550
69, 822
3,728
77, 214
74, 169
70,430
3,739
77, 495
74, 478
70, 631
3,847
77, 598
74,664
70, 708
3,956
77,807
74,638
70, 941
3,697
78, 072
74, 735
71,017
3,718
77,989
75, 005
71, 166
3,839
78, 473
75, 577
71, 361
4,216
77, 923
75, 167
71, 164
4,003
78, 672
75, 731
71,604
4, 127
78,658
75, 802
71, 788
4,014
78, 343
75,636
71,656
3,980
78, 613
75, 829
71, 936
3,893
536
449
2,875
434
2,952
433
3,045
441
3,017
436
2,934
445
3,169
440
3,337
475
2,984
485
2,896
445
2,756
488
2,941
455
2,856
448
2,707
398
2,784
410
3.8
2.5
3.8
12.7
3.8
2.3
4.2
12.9
3.7
2.3
4.1
12.0
3.9
2.4
4.1
12.7
3.9
2.5
4.2
12.7
3.9
2.4
4.3
12.9
3.8
2.3
3.9
13.3
4.1
2.3
4.9
13.4
4.3
2.5
4.8
14.8
3.8
2.4
4.0
13.9
3.7
2.2
4.1
12.8
3.5
2.3
3.9
11.3
3.7
2.3
4.0
12.6
3.6
2.2
3.7
13.0
3.5
2.1
3.7
11.9
3.5
2.1
3.7
12.6
Married men*
N on white workers*
White workers*
1.9
7.3
3.3
1.8
1.9
1.9
1.9
1.8
3.4
3.3
3.4
3.5
3.5
1.9
6.8
3.4
1.8
8.0
3.6
1.9
8.8
3.7
1.7
7.3
3.4
1.7
6.9
3.3
1.6
6.4
3.2
1.7
7.2
3.3
1.7
6.9
3.2
1.5
6.7
3.1
1.6
6.4
3.2
O ccupation: White-collar workers*
Blue-collar workers*
Industry:
Private wage and salary workers*
Construction*
Manufacturing*
Durable goods*
2.0
4.2
2.2
4.4
1.8
1.9
2.2
2.2
2.2
2.4
4.6
2.4
4.9
2.2
4.4
2.1
4.3
2.0
4.3
2.2
4.3
1.9
4.4
1.8
3.9
1.9
3.7
3.8
8.1
3.2
2.8
3.9
7.3
3.7
3.4
3.7
8.1
3.6
3.4
3.9
7.8
3.8
3.7
4.0
8.4
3.9
3.6
4.0
7.4
4.0
4.0
3.9
7.2
3.8
3.4
4.2
5.4
4.0
3.7
4.4
6.9
4.1
3.6
3.9
7.2
3.5
3.2
3.8
6.1
3.5
3.5
3.6
8.3
3.3
2.8
3.8
7.4
3.6
3.4
3.6
8.0
3.5
3.1
3.4
5.7
3.3
2.7
3.4
6.5
3.2
2.9
66,858 '67,397 ' 67,903 ' 66,017 ' 66,393 ' 66,713 ' 67,449
67, 723
66,186 ' 66,123 ' 66,286 ' 66,778 ' 67,060 ' 67,058 ' 67,600 ' 67,656 ' 67,784
608
610
603
603
609
606
603
604
632
3, 388
3,165
3,214
3,275
3,182
3,330
3,184
3, 107
3,307
19,
612
19, 407 19, 285 19, 302 19, 518 19, 593 19, 612
19, 607 19, 670
11, 433 11, 272 11,264 11, 463 11, 498 11, 541 11, 514 11, 495 11, 544
67, 788
634
3,249
19, 665
11, 538
Unemployed (all civilian workers)
do
Long-term 15 weeks and over
do
Rates (unemployed in each group as percent
of total in that group) :J
All civilian workers
Men 20 years and over
Women 20 years and over
Both sexes 16-19 years
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:tf
Total, not adjusted for seasonal variation .. thous .. ' 64, 034 ' 66, 030 ' 65,214 ' 65,606 ' 66,490 ' 66,097 ' 66,391 ' 66,656
Seasonally Adjusted
Total
Mining
Contract construction
Manufacturing
Durable goods
Ordnance and accessories
Lumber and wood products
Furniture and
fixtures
Stone clay and glass products
Primary metal industries
Fabricated metal products
Machinery except electrical
thous
do
do
do
do
do
do
do
do
do
do
do
r
' 64, 034 ' 66, 030
627
616
3,275
3,203
19, 214 19, 434
11, 284 11, 422
'261
614
462
644
' 1, 351
1,351
1,910
T
65,677 ' 65,821 ' 65,920
626
621
622
3,168
3,131
3,159
19, 346 19, 356 19, 288
11, 389 11, 369 11, 335
r
'333
'334
' 318 '325
'315
'327
'330
'334
'309
590
605
591
592
598
594
597
605
591
451
464
445
450
454
457
450
465
452
624
640
624
621
631
626
625
624
638
' 1, 319 ' 1, 313 ' 1, 300 ' 1, 296 ' 1, 285 ' 1, 284 ' 1, 306 ' 1, 306 ' 1, 306
1,361
1,374
1,357
1,360
1,362
1,339
1,341
1,374
1,356
1,972
1,942
1,966
1, 964
1,977
1,969
1,929
1,962
1,970
'317
598
455
629
1, 318
1,361
1,967
' 1, 959 ' 1, 962
1,993
1,968
450
449
425
428
' 8, 055 ' 8, 095
1,786
1, 780
93
90
970
963
1,407
1,399
'684
'687
1,053
1,054
1,014
1,021
185
185
537
535
355
352
Electrical equip, and supplies
do
Transportation equipment
do
Instruments and related products
do
Miscellaneous manufacturing ind
do
Nondurable goods
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile products. _ -do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee. . -do
Leather and leather products
do
Transportation, communication, electric, gas,
and sanitary services
_. ..
thous
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
' 1, 909 ' 1, 953
1,918
1,947
431
448
434
429
7,930
8,012
1,777
1,785
84
87
964
957
1,402
1,400
'681
••667
1,017
1,048
961
1,002
184
183
511
516
364
351
' 1, 945
1,946
447
430
' 7, 957
1,794
87
947
1,401
'678
1,048
996
181
474
351
' 1, 907
1,960
447
427
' 7, 987
1,798
87
954
1,400
'684
1,049
1,001
183
481
350
4,151
13, 245
3,437
9,808
' 4, 271
13, 613
3,538
10, 074
' 4, 273
13, 564
3,528
10, 036
' 4, 276 ' 4, 296 ' 4, 288 ' 4, 278 ' 4, 267 ' 4, 297 ' 4, 302
13, 573 13, 610 13,648 13, 684 13, 729 13, 791 13, 793
3,536
3,553
3,584
3,535
3,554
3,560
3,581
10, 038 10, 074 10, 095 10, 130 10, 169 10, 207 10, 212
Finance, insurance, and real estate
Services..
_ _
Government
Federal.
State and local
_ _
' 3, 100
' 3, 217
10, 060
11, 616
2,719
8,897
' 3, 199 '3,214
9,996 10, 032
11,518 11, 618
2,747
2,701
8,871
8,817
do
do
do
do_
do
9,551
10, 871
2,564
8,307
Production workers on manufacturing payrolls:
Total, not seasonally adjustedff
thous.. ' 14, 297 ' 14, 300
Seasonally Adjusted
Totalf Durable goods
Ordnance and accessories
Lumber and wood products. _
Furniture and
fixtures.
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical
thous ' 14, 297 ' 14, 300
8,370
8,354
do
127
176
do
536
520
__do_
382
375
do
517
. do
500
r 1, 100
do
' 1, 057
1,052
1,052
do
1,344
1,367
do_ _
14, 175
14,130
14,322
' 1, 930 ' 1, 948 ' 1, 927 '
1,929
1,991
1,895
449
448
447
426
427
425
' 7, 953 ' 7, 974 ' 8, 013 '
1,747
1,786
1,783
88
86
84
953
946
957
1,394
1,391
1,392
'683
'684
'680
1,050
1,051
1,049
1,001
1,004
1,006
184
184
184
524
481
530
343
347
348
' 3, 223
10, 056
11, 653
2,743
8,910
' 3, 241
10, 110
11, 717
2,740
8,977
14,065
14,338
14, 227 14, 222 14, 158 14, 260
8,267
8,359
8,332
8,307
182
171
175
178
513
513
514
516
365
369
373
371
497
496
495
495
' 1, 059 ' 1, 052 ' 1, 038 '1,036
1,052
1,054
1, 049
1,049
1,373
1,365
1,372
1,369
1, 935
1,897
447
424
8, 038
1,783
86
961
1,396
'683
1,049
1,013
185
531
351
' 3, 251 ' 3, 261
10, 139 10, 171
11, 698 11, 769
2, 718
2,718
8,980
9,051
14,369
14,327
14, 116 14, 138
8, 174
8,179
182
185
514
517
370
374
491
497
' 1, 020 ' 1, 023
1,029
1,034
1,361
1,325
'334
'336
339
'337
612
607
598
601
466
466
471
468
609
591
638
641
' 1, 305 '1,304 ' 1, 321 1,319
1,369
1,374
1,370
1,374
1,957
1,960
1,950
1,950
' 1, 965 ' 1, 965 ' 1, 957
2,015
2,018
2,007
450
450
449
432
433
435
' 8, 071 ' 8, 098 ' 8, 112
1,773
1,777
1,775
87
87
85
981
972
979
1, 403
1,408
1,399
'690
'690
'688
1,055
1,054
1,058
1,023
1,024
1,021
186
185
186
545
546
537
355
357
355
' 1, 958
2,018
448
428
' 8, 126
1,783
82
979
1,417
'691
1,059
1,020
186
550
359
' 4, 317 ' 4, 342
13, 818 13, 920
3,619
3,586
10, 232 10,301
' 4, 331
14, 019
3,638
10, 381
' 4, 332
13, 999
3, 632
10, 367
' 3, 273 ' 3, 289 ' 3, 291 ' 3, 304 ' 3, 311 ' 3, 322
10, 270 10, 316 10, 331 10, 405 10, 415 10, 410
11, 812 11, 889 11, 978 12, 021 12, 053 12, 093
2,721
2,692
2,709
2,721
2,718
2,717
9,300
9,120
9,335
9,180
9,257
9,376
14,489
14,425
14,213
14, 338 14, 400 14, 405
8,362
8,420
8,389
187
187
190
519
525
527
375
382
385
504
511
511
' 1, 043 ' 1, 045 ' 1, 042
1,049
1,063
1,062
1,331
1,366
1,343
1,959
2,021
445
428
8,127
1,775
86
982
1, 419
693
1,063
1,017
185
549
358
4,285
14, 038
3,644
10, 394
3,333
10, 450
12, 134
2,717
9,417
14,231 ' 14,248
14,318
14, 336
14, 393 ' 14,386
8,382
8,371
190
191
531
528
385.
385
479
463
'1,040 ' 1, 038
1,056
1,062
1,344
1,346
14,454
8,422
192
522
387
517
' 1, 054
1,059
1,337
14, 433
8,404
195
521
389
512
1,051
1,054
1,332
1,308
' 1, 325 ' 1, 318
' 1, 309 ' 1, 272 ' 1, 293 ' 1, 314 ' 1, 289 ' 1, 294 ' 1, 315 ' 1, 319 ' 1, 319 ' 1, 316 ' 1, 311 ' 1, 313
1,431
1, 423
1,354
1, 412
1,429
1,385
1,311
1,390
1,411
1,431
1,366
1,371
1, 371
1,315
1,420
275
279
279
278
278
280
279
280
275
275
280
277
277
279
279
336
340
337
335
339
337
335
335
346
339
335
333
335
342
338
6,029
' 5, 895 ' 5, 915 ' 5, 891 ' 5, 901 ' 5, 937 '5,964 ' 5, 976 ' 6, Oil ' 5, 985 ' 6, Oil ' 6, 015 ' 6, 032
' 5, 926 r 5, 946
1,179
1,184
1,180
1,197
1,147
1,183
1,183
1,178
1,181
1,190
1,193
1,186
1,191
1,186
1,181
73
74
74
74
74
74
76
71
77
70
72
75
74
73
79
871
841
844
840
845
853
870
867
859
849
848
868
851
860
861
1,255
1.241
1.233
1,234
1,231
1.251
1,238
1, 240
1.243
1.246
1.240
1.235
1,238
1.243
1. 233
r
Revised.
v Preliminary.
*New series. Monthly data for earlier years are available.
^Beginning in the June 1968 SURVEY the payroll employment and earnings data, except
^Beginning in the Mar. 1968 SURVEY, labor force data reflect new seasonal factors.
man-hours, reflect adjustments to Mar. 1967 benchmarks and new seasonal factors; comparable
•(•Effective with the Sept. 1967 SURVEY, additional series (unemployment rates, seasonally
earlier data, except man-hours and man-hour indexes, will appear in the forthcoming BLS
adjusted production workers, hours, man-hours and man-hour indexes, private sector data,
Bulletin 1312-6, EMPLOYMENT AND EARNINGS FOR THE UNITED STATES, 1909-68, to be availand spendable earnings) are shown; these are not in the 1967 edition of BUSINESS STATISTICS.
able from the Gov't. Printing Off., Wash., D.C. 20402.
Electrical equipment and supplies.
do
Transportation equipment
do
Instruments and related products
do___Miscellaneous manufacturing ind _ . - . do
Nondurable goods
_-.do
Food and kindred products
do
Tobacco manufactures. ___
do
Textile mill products
do
Apparel and other textile products
do
SURVEY OF CUKBENT BUSINESS
S-14
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
.
1967
Annual
Apr.
May-
June
July
June 1968
1967
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May.*
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT— Continued
Seasonally Adjusted
Production workers on manufacturing payrollsContinued
Nondurable goods industries— Continued
Paper and allied products __ _ _ _ _ thous
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee
do
Leather and leather products . .
__do
'523
662
588
114
356
303
'530
662
590
114
364
302
'530
663
590
114
363
298
'531
662
591
114
403
300
'525
661
593
116
408
301
'529
660
600
116
410
303
'539
661
600
116
413
305
'533
662
604
117
415
307
'534
660
605
117
415
306
'535
662
606
117
422
307
'534
662
607,
117
422
308
535
663
602
117
425
311
535
666
600
117
424
309
3.4
41.2
3.5
41.7
40.2
40.4
41.6
'41.1
41.5
42.6
40.2
41.4
41.3
39.4
'42.2
36.8
40.5
40.5
3.3
41.0
3.3
41.9
40.0
40.1
41.2
'40.7
41.3
42.3
39.9
41.6
41.1
39.5
'42.3
37.4
40.6
40.4
3.2
41.0
3.3
41.0
40.1
40.3
41.4
'40.7
41.3
42.1
40.1
41.4
41.1
39.5
'43.0
37.4
40.3
40.5
3.3
41.1
3.4
41.7
40.0
40.4
41.5
40.9
41.5
42.2
40.3
41.6
41.1
39.3
'42.6
37.4
40.6
40.6
3.3
41.1
3.5
41.7
39.6
40.2
41.6
41.0
41.5
42.3
40.3
42.1
41.2
39.3
42.8
38.0
41.0
40.9
3.4
41.4
3.6
42.3
40.3
40.5
41.8
'41.1
41.6
42.5
40.4
42.3
41.2
39.5
'42.4
37.2
40.8
40.7
3.4
41.2
3.5
41.7
40.3
40.4
41.7
41.3
41.4
42.2
40.3
41.7
41.2
39.4
'43.4
39.4
40.8
40.7
3.3
41.2
3.4
41.8
40.9
40.5
42.1
' 41. 5
41.4
42.3
40.5
39.8
41.1
39.5
42.5
37.2
41.1
40.7
3.4
41.3
3.6
41.6
40.1
40.7
41.7
'41.6
41.6
42.4
40.4
41.7
41.2
39.4
'41.8
36.0
40.0
40.2
3.5
40.9
3.7
40.2
38.6
39.6
40.8
41.5
41.5
41.8
40.1
41.8
40.6
39.2
42.3
37.9
40.6
40.8
3.5
41.4
3.6
42.2
41.2
41.0
41.9
'41.8
41.4
42.2
40.3
41.9
40.8
39.7
42.3
36.8
40.6
40.7
3.4
41.4
3.7
41.9
40.5
40.9
41.7
41.8
41.5
42.1
40.2
42.4
40.8
39.5
'42.9
37.8
'39.7
40.0
2.9
40.5
3.0
40.5
40.0
40.0
41.6
'42.1
40.3
40.9
39.6
40.3
39.7
38.5
42.5
37.4
40.6
40.6
3.5
41.1
3.5
40.9
40.3
40.3
41.8
42.0
41.5
41.4
40.2
41.4
40.1
39.0
'518
646
574
115
398
318
"528
662
592
115
397
304
42.7
37.6
41.3
42.6
37.7
40.6
3.9
42.1
4.3
42.2
40.8
41.5
42.0
42.1
42.4
43.8
41.2
42.6
42.1
40.0
HOURS AND MAN-HOURS
Seasonally Adjusted
Average weekly gross hours per production worker
on payrolls of nonagricultural estab.itl
Mining
hours
Contract construction
do
Manufacturing: Not seasonally adjusted
do
Seasonally adjusted
do
Overtime hours
do
Durable goods
do
Overtime hours
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
do
Stone clay and glass products
do
Primary metal industries
do
Fabricated metal products
do
Machinery, except electrical
do. . _ .
Electrical equipment and supplies
do
Transportation equipment
do
Instruments and related products
do
40.2
Nondurable goods
Overtime hours
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
do
do
do
do
do
do
40.2
3.4
41.2
38.9
41.9
36.4
39.7
3.1
40.9
38.6
40.9
36.0
39.5
3.1
40.7
38.5
40.5
36.0
'39.6
3.1
41.0
39.1
40.5
35.8
39.6
3.1
40.7
38.6
40.7
35.9
39.7
3.2
40.8
39.0
40.9
35.8
'40.0
3.3
41.0
38.3
41.4
36.2
39.7
3.2
40.7
39.0
41.2
35.9
'39.9
3.2
40.8
38.9
41.4
36.2
'39.9
3.2
40.8
36.9
41.6
36.2
39.2
3.3
40.5
37.5
39.9
35.1
40.0
3.2
40.8
40.1
41.6
36.5
39.8
3.3
40.7
37.9
41.6
36.2
'39.2
2.8
40.4
33.9
40.7
35.1
39.7
3.3
40.5
37.9
41.2
36.1
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products nee
Leather and leather products
do
do
do
do
do
do
43.4
38.8
42.0
42.4
42.0
38.6
42.8
38.4
41.6
42.7
41.4
38.1
'42.6
38.3
41.2
42.6
41.0
37.7
'42.7
38.3
41.4
42.6
41.2
38.0
'42.8
38.3
41.6
42.8
40.6
38.4
42.6
38.3
41.5
42.9
42.0
38.2
'42.7
38.2
41.5
42.5
41.8
38.9
42.8
38.1
41.5
42.8
41.8
38.7
'42.7
38.1
41.8
42.9
41.7
39.3
'43.0
38.0
41.8
42.1
41.3
38.3
42.6
37.8
41.7
42.9
41.2
37.8
42.8
38.2
41.9
42.3
41.6
38.7
'42.7
38.2
41.6
42.2
41.4
38.7
'42.1
37.8
41.4
42.5
40.4
38.1
42.9
38.1
41.6
42.7
41.4
38.4
do
do
do
do
37.1
40.7
35.9
37.3
'36.5
40.3
35.3
37.0
'36.4
40.2
35.2
37.1
36.7
40.3
35.4
37.1
36.7
40.3
35.4
37.0
36.7
40.3
35.4
37.0
'36.6
40.3
35.3
37.1
'36.4
40.2
35.1
37.0
'36.4
40.2
35.2
37.0
'36.2
40.1
35.1
36.9
'36.1
40.0
34.8
37.0
36.1
40.0
34.9
36.9
'36.1
39.9
34.7
37.1
'36.1
39.9
34.9
36.8
35.8
39.8
34.6
37.0
Seasonally Adjusted
Man-hours in nonfarm estab., all employees,
seasonally adjusted, annual ratef
bil. man-hours ..
129. 28
132. 24
130. 89
131. 80
131. 62
132. 74
132. 56
132. 35
134. 37
134. 06
133. 05
135. 26
135. 00
134. 78
Man-hour indexes (aggregate weekly), industrial
and construction industries, totalft
1957-59=100..
Mining
do
Contract construction.. ..
_.
do
Manufacturing
do
Durable goods. __
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and fixtures
do
Stone, clay, and glass products
do
' 116. 0
82.5
114.1
118.0
124.5
151.2
97.7
127.6
111.1
' 113. 7
79.9
110.9
115.8
121.4
206.3
93.3
121.7
106.4
' 117. 3
126.3
138.9
146.7
117.1
126.8
113.1
r 110.
0
109.5
96.2
85.1
106.2
119.0
r 108.
6
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
do
do
do
do
do
do
do
Nondurable goods...
._
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products...
_..do...
Apparel and other textile products
do
Paper and allied products
Printing and publishing
._
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
do
do...
do
do
do_._
do
' 114. 9
115.3
116.3
80.3
147.1
100.6
131.08
114.9 '113.9
82.1
77.8
115.4
113.1
115.2
117.0
120.3
122.3
225.2
218.8
93.2
95.4
124.5
126.7
110.0
98.7
114.5
82.0
111.7
116.7
121.8
224.4
93.7
126.1
109.5
' 109. 2 ' 108. 5 ' 107. 6 ' 107. 6 ' 106. 2 ' 107. 0 ' 109. 7 ' 110. 1 ' 109. 6 ' 110. 1 ' 109. 9 ' 112. 4
120.9
124.8
123.8
125.3
124.8
123.0
121.2
123.3
121.3
122.7
123.3
123.7
129.0
133.7
133.8
132.4
133.1
136.5
136.3
136.0
135.9
137.0
131.9
136.9
139.8
141.7
142.6
142.3
143.3
140.1
143.2
140.2
142.4
140.3
137.2
140.5
116.0
120.0
121.9
119.4
118.4
111.3
113.3
115.4
111.6
110.3
119.6
114.8
119.6
124.3
124.7
124.1
126.4
125.1
125.7
125.7
125.5
125.1
125.7
126.1
105.3
109.9
109.7
109.5
107.8
108.2
107.5
108.1
107.2
108.1
109.4
108.7
111.8
123. 9
130.1
141.4
119.2
120. 9
107.0
96.0
87.7
102.5
117.1
' 107. 1 ' 107. 7 ' 107. 2 ' 107. 7 ' 108. 9 ' 109. 0 ' 109. 6 ' 110. 1 ' 107. 9 ' 110. 5 ' 110. 1 ' 108. 6
95.2
95.2
95.2
94.7
96.2
95.4
97.2
92.7
96.0
95.6
95.6
96.1
72.3
90.5
85.5
83.5
88.9
89.5
82.9
91.3
88.2
88.0
88.0
86.9
104.3
106.9
106.5
101.5
105.7
103.7
104.3
101.0
101.0
102.1
103. 6
100.6
115.2
118.7
118.0
118.0
113.5
116.1
116.9
117.5
117.2
116.2
115.9
116.3
110.1
94.6
84.4
106.0
118.8
' 115. 3
116.7
118.6
80.8
144.3
94.9
' 113. 7 ' 115. 5 ' 115. 8 ' 115. 4 ' 114. 4 ' 115. 6 ' 115. 5 ' 117. 0 ' 116. 1 ' 116. 9 ' 116. 4 ' 115. 0
115.2
116.2
116.2
115.6
114.7
115.7
116.7
116.0
116.5
115.6
116.5
116.5
120.0
122.3
121.6
121.6
121.5
118.2
118.5
120.8
117.7
116. 7
118.1
119.9
82.1
81.7
81.5
81.4
82.9
82.2
80.6
81.4
80.2
80.8
82.0
80.2
151.0
154.4
153.6
150.4
151.5
150.7
150.0
129.6
150.7
128.4
131.9
148.9
97.0
97.2
97.5
98.1
96.2
94.6
93.6
95.8
93.9
93.8
95.9
93.5
117.1
116.6
120.2
82.5
154.4
97.1
123.7
137.3
142.5
114.1
126.5
109.0
' 112. 1 ' 112. 2 ' 112. 3
82.1
80.1
80.1
108.7
106.7
107. 1
114.5
114.7
114.7
120.0
120.2
120.6
208.9
201.6
201.9
91.5
92.3
91.7
120.3
120.3
118.6
105.3
105.2
104.3
113.0 ' 112. 8 ' 112. 2 ' 114. 7 ' 114. 7 ' 112. 0 ' 115. 9
77.9
76.0
77.4
78.5
77.4
78.9
78.6
118.8
101.7
112.2
116.5
108.9
111.1
108.6
117.3
117.0
115.7
116.1
114.6
114.9
115.6
122.5
122.4
121. 6
119.5
121.1
118.9
121.6
225.6
214.9
218.9
217.1
219.9
216.6
213.5
97.6
90.8
93.9
94.7
92.4
93.0
90.6
127.0
122.6
125.1
122.2
120.5
119.3
121.6
102.6
109.0
106.6
105.0
108.5
106.0
105. 3
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
Average weekly gross earnings per production
worker on payrolls of nonagricultural estab. iff
Mining
dollars r 130. 24 r 135. 89 ' 134.09 ' 133.98 ' 135.68 ' 138.99 ' 137.38 ' 138.46 ' 138.14 ' 138.78 ' 137.70 ' 136.95 ' 136.45 ' 137.10 ' 140.58
Contract construction
do
154. 95 147. 60 150. 29 153. 95 158. 67 159. 06 162. 96 160. 78 161.63 155.13 ' 151.90 ' 154.57 154. 94 159. 27
146.26
Manufacturing: establishments
do. . . 112. 34
114.90 112. 56 113. 81 114. 49 113.65 114. 49 116. 85 116. 28 117. 50 119. 60 117. 60 119. 36 120. 18 117. 91
r
If See corresponding note, bottom of p. S-13.
Revised.
f Preliminary.
fSee corresponding note, bottom of p. S-13.
140. 91
163. 30
120. 99
June 1968
SURVEY OF CTJRKENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
19G6
1967
1967
Apr.
Annual
S-15
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WEEKLY AND HOURLY EARNINGS— Con.
Not Seasonally Adjusted— Continued
Avg. weekly gross earnings per prod, worker on
manufacturing payrolls— Continued tl
123. 60 121. 18 122. 89 '122.89 122. 40 123. 30 ' 125. 75 125. 44 ' 125. 66 '129.16 127. 70 '128.54 129. 68 '126.54
Durable goods
dollars.. 122. 09
' 133. 77 ' 132. 19 ' 129. 27 ' 131. 15 ' 128. 74 ' 131. 24 '131.87 ' 135. 36 ' 134. 08 '136.40 '136.73 '132.03 '136.50 '133.95 ' 129. 04
Ordnance and accessories
..do.
96.63
95.60
95.84
98.42
98.25
95.92
93.21
94.54
98.49
93.73
94.87
99.79 100. 50 100. 25
91.80
Lumber and wood products
do
97.41
97.82
91.25
93.09
92.40
95.06
97.34
99.84
98.42
91.72
94.13
90.46
93.36
98.01
95.26
Furniture and fixtures
do
114. 24
117. 31 114. 81 116. 20 117. 46 118. 01 119. 56 120. 69 120. 83 121. 96 119. 81 116. 29 118.90 119. 19 123. 55
Stone, clay, and glass products- - _..do
Primary metal industries
_ _ do
Fabricated metal products
do.. .
Machinery except electrical
do
Electrical equip, and supplies . _ _ -.do_Transportation equipment
do
Instruments and related products _. do
Miscellaneous manufacturing ind
do
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
do. _
do
- do
do
do
Paper and allied products
. - . _ do
Printing and publishingdo
Chemicals and allied products
do
Petroleum and coal products _
...do,
Rubber and plastics products, nee -..do. _.
Leather and leather products
do
Wholesale and retail trade
Wholesale trade
.
Retail trade
Finance, insurance, and real estate
do
.. do
...do
do
Average hourly gross earnings per production
worker on payrolls of nonagricultural estab.:f1
Mining
dollars. _.
Contract construction
do
Manufacturing
_ _. . . _. do
Excluding overtime
do
Durable goods
do
Excluding overtime
do
Ordnance and accessories
do
Lumber and wood products _ _ .. __.do. __
Furniture and fixtures __
do
Stone, clay, and glass products
do__Primary metal industries
Fabricated metal products
Machinery, except electrical
Electrical equip, and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
do
_ do.
do
.do
do
do
do
Nondurable goods
do
Excluding overtime
. _ do
Food and kindred products
do
Tobacco manufactures
...doTextile mill products
do
Apparel and other textile products
do.-..Paper and allied products.
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee
do
Leather and leather products
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
do
Finance, insurance, and real estate
_ .do
138. 09 ' 137. 27
122. 11
123. 67
135. 89
135. 34
111.35
109. 18
142. 42
141. 86
114. 93
117. 71
92.59
88.80
136. 12 ' 136. 61 ' 137. 42
123. 26 122. 36 123. 97
134. 51 133. 24 133. 24
111. 48 111.32 111. 76
141. 17 140. 29 143. 52
117. 42 116. 69 117. 55
92.43
90.79
92.04
' 138. 92 ' 137. 50
126. 42 124. 38
136. 10 135. 88
112.31 113. 81
147. 48 146. 86
119. 23 119. 23
93.06
93.93
141. 25
125. 33
137. 05
115. 18
141. 35
119. 77
94.56
143. 45
128. 52
139. 53
117. 26
152. 01
121. 60
96.47
144. 35
126. 69
137. 10
115. 20
151. 68
117. 97
95.06
144. 70
126. 28
139. 59
116. 06
148. 63
119. 54
98.85
146. 23 '149.81
128. 44 123. 91
140. 86 135. 38
115.49 112. 90
151. 62 143. 24
119. 66 115. 74
98.60
95.12
148. 97
130. 94
138. 53
116. 18
150. 23
117. 89
96.61
98.49
103. 82
85.19
82.12
68.80
102. 03
107. 98
87.62
84.25
73.08
100. 22
106. 27
92.11
81.20
72.16
100. 73
107. 59
90.68
82.22
72.36
101. 63
108. 50
94.80
82.82
72.52
102. 03
109. 03
92.44
81.41
72.16
102. 80 ' 104. 92
107. 94 110. 09
86.33
87. 98
83.84
86.94
74.42
74.73
104. 14
107. 98
86.05
88.19
73.95
105. 06 ' 105. 86
109. 47 110. 70
83.42
85.03
89.03
89.67
75.14
74.88
103. 86
109. 87
86.01
84. 74
73.01
106. 40
110. 28
93.61
89.64
79.57
106. 79 ' 104. 76 107. 98
111. 08 110. 48 113. 12
87.12
92.01
97.88
89.84
86.43
89.40
80.15
75.95
78.70
119. 35
122. 61
125. 58
144. 58
112. 14
74.88
122. 84
125. 95
128. 96
152. 87
113. 85
78.87
119. 00
124. 03
127. 91
153. 15
110. 30
74.83
120. 28
124. 86
127. 10
153. 58
107. 57
77. 04
122. 41
124.86
128. 65
152. 72
109. 03
79.28
123. 69
124. 53
129. 90
156. 67
105. 73
79.75
124. 41
126. 28
129. 17
153.44
116. 89
80.11
125. 85
127. 25
130. 73
154. 44
119. 99
80.43
125. 99
127. 64
132. 40
156. 16
119. 70
82.92
127. 74
129. 75
132. 82
150. 06
119. 55
83.28
124. 91
126. 00
132, 48
157. 36
117. 55
81.92
125. 50
128. 82
133. 02
153. 55
117. 42
85.80
125. 93 ' 124. 27
130. 64 128.59
132. 70 134. 18
154. 24 161. 78
117. 14 113. 60
81.92
85.25
128. 83
131. 45
134. 60
161. 25
118. 94
84.58
79.02
111. 11
68.57
92.13
' 82. 13
116. 06
70.95
.95. 46
80.73
114. 97
69.45
95.09
' 80. 73 ' 82. 43 ' 83. 78 ' 83. 55
114. 97 115. 66 116. 93 115. 95
72.60
69.80
71.56
72.96
95.72
96.09
95.09
95.46
82.67
117. 79
71.34
97. 31
' 83. 22
119. 18
72.22
98.05
' 83. 41
118. 10
72.11
98.42
84.49
119. 40
72.80
99.26
' 84. 85 ' 84. 85
119. 80 120. 29
73.70
72.93
99.80
99.36
84.73
120. 99
73.40
100. 37
'3.05
3.89
2.72
2.59
2.90
2.76
3.17
2.25
2.21
2.72
'3.19
4.11
2.83
2.72
3.00
2.88
3.17
2.36
2.33
2.82
'3.17
4.00
2.80
2.70
2.97
2.86
3.13
2.32
2.29
2.78
'3.16
4.04
2.81
2.70
2.99
2.87
3.13
2.34
2.31
2.80
'3.17
4.03
2.82
2.71
2.99
2.88
3.14
2.38
2.31
2.81
'3.21
4.10
2.82
2.71
3.00
2.88
3.17
2.39
2.31
2.83
'3.18
4.11
2.82
2.71
3.00
2.88
3.17
2.39
2.33
2.84
'3.22
4.20
2.85
2.73
3.03
2.89
3.20
2.43
2.37
2.86
'3.22
4.22
2.85
2.73
3.03
2.90
3.20
2.42
2.38
2.87
'3.22
4.22
2.88
2.76
3.05
2.93
3.24
2.42
2.38
2.89
'3.24
4.25
2.91
2.79
3. 09
2.96
3.24
2.41
2.40
2.88
'3.30
4.34
2.94
2.83
3.13
3.00
3.26
2.44
2.40
2.90
'3.28
4.27
2.94
2.83
3.12
3.00
3.25
2.47
2.42
2.90
3.30
'3.28
4.28 , 4.27
2.96
2.97
2.85
2.86
3.14
3.14
3.02
3.03
3.22
3.21
2.50
2.50
2.43
2.43
2.90
2.97
3.30
4.32
2.98
2.86
3.16
3.03
3.21
2.53
2.44
2.99
3.28
2.88
3.09
2.65
3.33
2.73
2.22
3.34
2.98
3.19
2.77
3.44
2.85
2.35
'3.28
2.95
3.16
2.75
3.39
2.82
2.33
3.30
2.97
3.16
2.76
3.40
2.84
2.33
3.32
2.97
3.18
2.78
3.41
2.85
2.34
3.34
2.97
3.18
2.79
3.43
2.86
2.34
'3.36
2.98
3.18
2.78
3.45
2.86
2.33
3.38
3.01
3.21
2.78
3.47
2.88
2.35
'3.37
2.99
3,22
2.81
3.48
2.88
2.36
3.42
3.02
3.24
2.83
3.49
2.90
2.37
3.44
3.06
3.26
2.86
3.56
2.93
2.43
3.47
3.09
3.28
2.88
3.62
2.92
2.45
3.47
3.08
3.30
2.88
3.59
2.93
2.49
3.49
3.11
3.33
2.88
3.61
2.94
2.49
'3.55
3.09
3.31
2.88
3.59
2.93
2.49
3.53
3.14
3.33
2.89
3.62
2.94
2.49
2.45
2.35
2.52
2.19
1.96
1.89
2.75
3.16
2.99
3.41
2.67
1.94
2.13
2.73
1.91
2.47
2.57
2.47
2.64
2.27
2.06
2.03
2.87
3.28
3.10
3.58
2.75
2.07
2.25
2.88
2.01
2.58
2.55
2.46
2.65
2.38
2.02
2.01
2.82
3.23
3.06
3.57
2.71
2.05
2.23
2.86
1.99
2.57
2.55
2.46
2.65
2.38
2.03
2.01
2.83
3.26
3.07
3.58
2.63
2.06
'2.23
2.86
2.00
2.57
2.56
2.46
2.64
2.40
2.03
2.02
2.86
3.26
3.10
3.56
2.64
2.07
'2.24
2.87
2.01
2.58
2.57
2.47
2.64
2.42
2.02
2.01
2.89
3.26
3.13
3.61
2.63
2.05
' 2.24
2.88
2.01
2.59
2.57
2.47
2.62
2.25
2.04
2.05
2.90
3.28
3.12
3.56
2.77
2.07
'2.24
2.87
2.00
2.58
2.61
2.50
2.64
2.18
2.10
2.07
2.92
3.33
3.14
3.60
2.83
2.09
'2.27
2.91
2.03
2.60
2.61
2.50
2.64
2.13
2.62
2.52
2.67
2.15
2.13
2.07
2.93
3.35
3.16
3.64
2.85
2.11
'2.29
2.93
2.05
2.63
2.64
2.54
2.70
2.22
2.14
2.08
2.95
3.37
3.17
3.59
2.86
2.13
'2.28
2 95
2.' 04
2.65
2.67
2.57
2.74
2.35
2.14
2.11
2.96
3.36
3.20
3.72
2.86
2.15
'2.33
2.96
2.09
2.66
2.68
2.58
2.75
2.47
2.16
2.18
2.96
3.39
3.19
3.70
2.85
2.20
'2.36
3.00
2.11
2.69
2.69
2.59
2.77
2.48
2.17
2.19
2.97
3.42
3.19
3.69
2.85
2. 22
2.37
3.01
2.12
2.69
2.70
2.61
2.79
2.57
2.15
2.17
'2.98
3.42
3.21
3.78
2.84
2.22
2 37
3.03
2.13
2.70
2.72
2.61
2.80
2.61
2.17
2.18
3.01
3.45
3.22
3.75
2.88
2.22
2.38
3.04
2.14
2.72
3.887
5.527
1.33
i 3. 293
3.757
5.374
1.34
3.235
3.832
5.464
' 3. 876
5.533
3.978
5.620
3.978
5.627
4.001
5.687
4.009
5.713
4.061
5.750
4.076
5.761
1.43
4.162
5.865
3.212
3.226
3.271
3.312
3.338
' 4. 040
5.747
1.42
3.335
4.061
5.750
3.269
3.962
5.560
1 36
3.259
' 99. 40 ' 100. 39 100. 93
87.01
86.21
86.84
100. 27
86.07
104. 85
88.11
105. 50
88.28
103. 68
86.47
Miscellaneous hourly wages:
Construction wages, 20 cities (ENR) : §
Common labor
$perhr_.
3.623
Skilled labor
do
5.207
Farm, without board or rm., 1st of mo
do
1.23
Railroad wages (average, class I)
do
i 3. 106
Spendable Weekly Earnings f 1
Spendable average weekly earnings per worker (with
three dependents) in manufacturing industries:
Current dollars
' 99. 46
Constant dollars
1957-59 dollars
87.89
PRIVATE SECTOR SERIES
Not Seasonally Adjusted
Excludes government employees:^
Employees, total, nonagricultural estab
thous;. ' 53, 163
Production or nonsupervisory workers
do
'44,281
Hrs. (gross), av. weekly: Unadjusted— hours..
'38.6
Seasonally adj.do
Weekly earnings (gross), average
dollars. _ ' 98. 82
Hourly earnings (gross), average
do
'2.56
' Revised.
r> Preliminary.
1 Includes adjustments not
fSee corresponding note, bottom of p. S-13.
'133.17 ' 134. 97
121. 54 123. 26
135. 25 134. 30
108. 35 110. 12
137. 30 141. 78
116. 18 116. 72
91.57
91.57
130. 19
131. 29
102 97
96.87
125. 88
' 101. 15
86.98
125. 85
128. 21
130. 31
155. 16
119. 71
80.26
' 82. 86 ' 82. 54
117. 27 116. 98
71.20
71.66
96.20
97.20
2. 06
2.92
3.34
3.15
3.60
2.85
2.10
'2.28
2.91
2.04
2.62
3.997
5.660
1.29
3.262
100. 93 ' 102. 83 102. 37
87.12
86.34
87.81
103. 35 ' 105. 04 103. 43
87.21
87.73 '88.87
'54,414 ' 53, 630 54, 002 '54,826 ' 54, 826 55, 151 55, 041 '54,982 55, 386 55,766 53, 989 54, 257 54, 520 55, 230
' 45, 130 '44,428 '44, 783 '45, 512 '45,450 '45,758 '45, 667 •45, 618 '46,008 ''46,360 '44, 582 '44, 837 '45, 097 '45,759
'37.6
'37.3
'37.6
'38.0
'37.3
' 38 3 '38.4
'38.2
'38.0
'38.1
'38.0
'38.0
'37.6
'37.8
'37.6
'37.8
'37.6
'37.9
' 37 9 '38^0
'37.9
'38.0
'37.8
'38.0
'37.9
'38.1
r
'104.44
' 101. 84 ' 99. 26 100. 55 '101.73 '103.03 '103.30 '103.90 •103.36 '103.74 '103.74 ' 102. 95 '114.53 '104.90
' 2. 79 '2.80
'2.78
' 2. 76
'2.73
'2.73
'2.67
'2.69
'2.72
'2.72
'2.68
'2.64
'2.66
'2.69
distributed by months.
If See corresponding note, bottom of p. S-13.
§ Wages as of June 1, 1968: Common labor, $4.224; skilled labor, $5.974.
55, 496
45, 998
37.6
37.7
106. 03
2.82
June 1968
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
1966
Apr.
Annual
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HELP-WANTED ADVERTISING
Seasonally adjusted index
1957-59 =100__
LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation: A
Accession rate, total
mo rate per 100 employees
New hires
do
Separation rate total
do
Quit
__
do
Layoff
do
Seasonally adjusted: A
New hires
Separation rate total
Quit
Layoff
190
182
181
174
171
169
180
185
186
187
190
184
193
202
188
5.0
3.8
4.6
2.6
1.2
4.4
'3.3
4.6
2.3
1.4
3.9
2.8
4.3
2.2
1.3
4.6
3.3
4.2
2.2
1.1
5.9
'4.6
4.3
2.3
1.1
'4 7
3.3
4.8
2.1
1.9
'5.5
4.0
5.3
3.2
'1.2
5.3
4.1
6.2
4.0
1.2
4.7
3.7
4.7
'2.5
1.3
3.7
'2.8
4.0
1.9
1.3
2.8
2.0
3.9
1.5
1.6
4.2
'3.0
4.4
2.0
1.5
3.8
2.7
3.9
1.9
1.2
'3.9
'2.9
'4.1
'2.1
1.1
P4.2
*3. 1
M.O
r
4.5
3.2
••4.7
2.4
1.4
'4.4
'3.1
'4.5
'2.2
'1.4
'4.4
'3.2
'4.4
2.3
'1.3
'4.4
3.2
'4.6
2.3
1.3
'4.5
'3.4
'4.4
'2.3
'1.2
4.5
3.3
'4.4
'2.3
1.2
4 4
3.4
4.1
'2.3
' 1.2
4.5
'3.5
4.5
'2.3
1.4
4.5
4.7
2.5
1.4
'4.1
'3.4
'4.6
'2.4
'1.2
P4. 6
P3.4
P4.4
*>2.3
*1.3
INDUSTRIAL DISPUTES
Strikes and lockouts:
Beginning in period:
Work stoppages
number
Workers involved"
thous..
In effect during month :
Work stoppages
number
Workers involved
thous
Man-days idle during period
do EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
- - thous. _
Unemployment insurance programs:
Tnsured unemployment all programs©
do
State programs:
Initial claims
do
Insured unemployment weekly avg do
Percent of covered employment:^
Unadjusted
Seasonally adjusted
Beneficiaries weekly average
thous
Benefits paid
mil $
Federal employees, insured unemployment,
weekly average
thous _
Veterans' program (UCX):
Initial claims
do
Insured unemployment weekly avg do
Beneficiaries weekly average
do
Benefits paid
mil. $
Railroad program:
Applications
thous..
Insured unemployment, weekly avg do .
Benefits paid
mil. $__
v2.2
Pl.0
4.2
3.1
4.7
2.3
'1.4
46
32
4.6
r
2.3
1.4
v 4, 475
* 2, 900
440
409
535
255
430
177
375
804
385
86
405
375
405
158
300
197
190
65
310
135
330
232
330
130
490
438
25,400 P 41, 000
600
443
2,170
695
402
3,900
670
350
4,360
630
1,010
4,710
655
231
2,840
670
484
6,320
645
440
6,510
530
388
3,060
400
194
2,610
470
211
2,520
500
326
3,780
510
302
3, 550
690
545
4,910
476
507
537
487
552
558
540
460
380
419
400
438
482
do
do
do _ _
do
4,405
1,960
6,493
5,817
1 123
1 270 1,423
1 197
1,070
1 246
1 122
955
953
1,068
1,005
1,360
848
1 142
803
1,019
1,218
1 184
872
1 059
663
894
798
889
910
997
2.9
2.5
2.7
1 017 1,244
200.6
2,092
2.4
2.7
1,014
183.6
2.1
2.6
925
156.1
2.4
2.8
907
147.3
2.2
2.6
946
172.8
1.8
2.4
759
122.6
1.8
2.4
713
122.1
10, 575
1 061
2.3
895
1,771
11, 760
1 205
T ^ ^J
P187
1 338
1, 718
1,651
1, 478
1,214
1,149
1 259
1,460
1 624
969
1,556
762
1,390
822
1 142
2.0
2.3
776
134.9
2.6
2.3
942
159.2
3.3
2.3
1 317
248.5
3.2
2.3
1,374
243.7
2.8
2.3
1,298
231.1
2.3
2.2
1,060
195.1
20
20
19
18
18
20
19
18
20
21
23
28
29
26
23
182
21
19
39.5
222
23
21
46.3
14
21
21
3.6
14
19
18
3.4
17
19
19
3.5
22
24
18
3.1
21
25
23
4.4
18
22
21
3.7
20
22
19
3.5
22
26
21
4.0
25
33
26
4.6
31
40
36
6.9
24
40
38
6.7
21
36
18
29
145
20
39.3
241
20
40.6
4
20
3.0
3
17
2.8
15
14
2.5
21
17
2.1
12
18
3.2
15
21
2.9
56
21
4.2
54
23
4.1
39
23
4.4
25
26
4.7
12
27
4.0
15
26
4.1
8
20
3.3
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 _
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 SMSA's)0
bil. $._
New York SMSA .
do
Total 232 SMSA's (except N.Y.)
do___.
6 other leading SMSA's f
do
226 other SMSA's..
do
Federal Reserve banks, condition, end of period:
Assets, total 9
mil $
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
3 603
13, 279
3,089
10, 190
4 317
17, 084
4, 901
12, 183
3 830
16, 249
4,356
11, 893
3 964
17, 067
4,713
12, 354
4 131
16, 150
4,934
11 , 216
4 116
17, 044
4,976
12, 068
4,103
16, 816
4,979
11, 837
4,146
16, 220
5,124
11, 096
4 136
16, 777
5,186
11, 591
4,218
17, 147
5,136
12, Oil
4,317
17, 084
4,901
12, 183
4,312
18, 370
5,216
13, 154
4,266
4,336
17, 813 ' 18, 487
5,493
5,832
12, 320 ' 12, 655
4 430
17, 509
5, 930
11, 579
9,452
10, 848
10, 103
10, 280 ' 10,436
10, 605
10, 661
10, 624
10, 661
10, 675
10, 848
11, 012
11, 188
11,361
11, 488
5,175
5,609
1 506 1,337
3,733 3,590
5,248 ' 5, 304
1,316
1,296
3,716 3,836
5,358
1,335
3,911
5,404
1,368
3,889
5,449
1,384
3,790
5,502
1,438
3,721
5,546
1,475
3,654
5,609
1,506
3,733
5,661
1,565
3,785
5,721
1,595
3,871
5,793
1,598
3,970
5,853
1,549
4,085
6, 637. 2
2,904 1
3, 733. 1
1,476.4
2,256 7
6, 688. 7
2, 857. 1
3, 831. 6
1, 560. 5
2,271.1
7, 067. 8
3, 185. 7
3, 882. 1
1, 575. 0
2, 307. 1
6, 799. 4
2, 952. 4
3,847.0
1, 513. 6
2, 333. 4
6, 993. 0
3, 102. 4
3, 890. 6
1, 537. 7
2 352 9
6, 997. 7
3, 100. 8
3, 896. 9
1, 557. 8
2 339 1
7, 047. 0
3, 149. 7
3, 897. 3
1, 515. 4
2, 381. 9
7, 369. 4 7,263.9
3, 323. 4 3, 216. 8
4, 046. 0 4,047.1
1, 584. 8 1, 593. 3
2, 461. 2 2 453 8
7,218.7
3, 197. 9
4, 020. 8
1, 601. 6
2, 419. 2
7, 500. 7
3 285 5
4, 215. 2
1, 673. 5
2 541 7
4,958
1 290
3,205
6, 661. 5
2 921.2
3, 740. 3
1, 471. 8
2 268 5
6, 553. 5
2,864.0
3, 689. 5
1,451.4
2, 238. 1
6, 348. 2
2, 734. 5
3,613.7
1,409.2
2, 204. 5
70 332
75 330
69, 015
68, 862
70, 135
70, 516
70, 126
71, 193
71 383
73418
75, 330
74, 319
73, 462
72,892 '74 393
74 736
47, 192
173
44, 282
12, 674
51, 948
141
49, 112
11, 481
47, 267
54
45, 460
12, 604
47, 799
415
46, 066
12,608
48, 268
68
46, 718
12, 610
47, 603
41
46,804
12,604
48, 363
36
46, 555
12, 499
48, 860
74
46, 916
12, 510
48,873
120
47,390
12, 410
50,869
76
48, 931
12,392
51, 948
141
49, 112
11, 481
51, 434
843
49, 092
11, 484
51, 056
166
48, 952
11, 384
52, 127 '52, 612
672
741
49, 691 50, 507
10, 131 10, 128
53, 421
1,026
50, 625
10, 026
5, 923. 1
2, 502. 2
3,420.9
1, 328. 1
2, 092. 7
do
70, 332
75 330
69 015
68,862
70, 135
70, 516
70, 126
71, 193
71, 383
73418
75, 330
74, 319
73,462
72, 892 '74 393
74 736
do
do
do
20 972
19, 794
40, 196
22 920
20, 999
42, 369
21 353
19, 410
39, 070
20, 844
19, 634
39, 499
21, 474
19, 505
39,934
20, 813
18, 877
40, 199
21, 433
19, 789
40,363
22 072
20, 686
40, 413
21 877
20, 604
40,628
22 837 22 920
20',648 20, 999
41,488 42,369
23 614
21,838
41,365
23 040
21, 195
41, 211
22 614 '22 885
21, 133 '21, 221
41, 490 41, 811
23 217
21, 334
42, 137
31.5
27.1
32.3
31.9
31.4
31.0
31.0
30.5
27.8
27.6
24.2
23.8
Ratio of gold certificate reserves to FR note
liabilities
percent..
'Revised.
p Preliminary.
A Ad justed to new benchmarks and seasonal factors; see note "If," p. s~13©Excludes persons under extended duration provisions.
(^Insured unemployment as % of average covered employment in a 12-month period.
31.6
29.9
27.1
24.4
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.
SURVEY OF CURRENT BUSINESS
June 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
| 1967
End of year
S-17
Apr.
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
24,200
23,842
358
90
268
24,608
24,322
286
126
160
24,740
24,337
403
133
270
25, 260
24 915
345
238
107
25, 834
25, 453
381
237
144
25, 610
25, 211
399
361
38
25, 580 '25,546
25, 224 '25,276
356
'270
671
683
-315
r -413
Apr.
May
FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily figures:
Reser ves held, total _
„
.mil. $__
Reouirpd
__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 adjustedcT
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
Individuals, partnerships, and corp.:
Savings
Other time
Loans (adjusted), totald* Commercial and industrial
For purchasing or carrying securities
To nonbank financial institutions
Real estate loans
Other loans
i 23, 830 i 25, 260
i 23, 438 i 24, 915
1345
*392
1238
1557
1107
i -165
75, 120
114, 765
83, 108
6,137
3 882
13, 838
23,518
23,098
420
123
297
23,907
23, 548
359
87
272
81, 848 71, 484 72, 785
127, 277 110, 455 111,495
92, 380 77, 831 79, 782
6,231
6,249
6,229
3,818
2,705
6 150
15, 752 12, 927 13, 490
73, 174
109,402
79, 244
5,919
3,103
12, 70 0
74, 349 73, 321 74, 395 77,183 76, 649 81, 848 78, 598 75, 721 76, 244 78, 384
112 460 107, 686 113, 043 118, 625 113, 421 127, 277 120,128 116, 456 117, 044 121, 317
81, 031 79, 157 81, 444 84, 808 83, 521 92, 380 86, 053 82, 761 84, 721 86, 147
5,665
6,683
5,984
5,503
5,620
7,121
5,607
6,301
6,231
6,089
5,353
3,323
4,031
3,368
6,515
5,208
2,322
3,818
5,467
3 458
13 445 12, 643 12, 846 13, 960 12, 774 15, 752 13, 298 12, 785 14, 202 13, 394
76, 136
115, 108
83, 860
5,946
3,107
13, 135
do
89 639
102, 921
96 569
97, 829
98 847 100 731 101, 827 101, 659 102, 189 102, 969 102 921 104, 178 104, 961 104, 696 104, 080
104, 170
47, 213
29 002
48, 864
38, 273
46, 970
33, 769
47, 285
34,706
47, 738
35 117
48, 620 ' 48, 990 '48,990
39, 910 '39,632 '39,632
48, 470
39, 295
do __
do
_ do
do
do
- do
134, 761
60 779
6 691
11, 228
27 492
34 729
143, 966 134, 237
66, 290 62, 648
8,350
6,901
10, 470
9,723
28, 988 27, 087
37, 700 34, 068
48, 349
37, 174
48, 438
37, 949
48, 533
38, 788
48,864
38 273
48, 516
39, 639
133,106
61, 836
6,302
9,634
27,295
34,509
136,042 137 270 135, 488 138, 009
63 769 63 419 62, 189 63, 372
7,247
7,024
6,050
7 454
9,495 10, 185
10,269
9 906
27 547 27 797 28, 094 28, 337
35246 35 020 35, 273 35, 466
139,217
63, 401
7,791
10, 428
28, 531
35, 730
138,213 143, 966 141, 762 140, 511
63, 733 66, 290 64, 994 65, 057
7,562
6,817
8,350
8, 360
9,303
9,773 10, 470
9,676
28, 754 28, 988 29, 035 29, 106
35, 597 37, 700 36, 293 36, 431
59, 321
26, 903
22, 274
32, 418
59, 717
27, 043
21, 978
32, 674
61, 677
28, 915
21, 842
32, 762
61, 485
28, 400
22, 436
33, 085
61, 804
28, 371
22, 322
33, 433
62, 057
28, 080
22, 057
33, 977
62, 927
28, 738
23, 870
34, 189
61, 482
27, 208
23, 423
34, 274
60, 885
26, 005
23, 210
34, 880
61, 136
26, 494
23, 942
34, 642
337 3
218 2
61.8
57.3
339. 5
220.2
61.6
57.7
342 6
221.8
62.3
58.6
344.4
222.3
61.8
60.3
345 9
224.9
59.6
61.4
349 0
227.5
59.1
62.4
353.0
228.7
61.8
62.6
351.8
228.5
59.9
63.5
354.8
232.1
59.2
63.4
356.3
232.0
60.7
63.5
56 033
25, 326
21, 446
30, 707
56,270
25, 398
21, 544
30,872
55 783
24, 126
21,334
31 657
345.9
224.9
59.6
61.4
323 2
213 5
56 1
53.6
324.6
213.5
56.1
55.0
325 6
213 9
55 4
56.3
58
9g
21
32
268
QQ4
041
264
332
217
58
56
4
1
8
5
5.95
5.67
6.32
5.91
5.93
6.04
6.05
4.00
5 78
6.00
4.00
5 72
6.00
4.00
5 63
6 00
4.00
5 62
6 00
4.00
5 64
6.00
4.00
5 66
6.00
4.50
5.78
6.00
4.50
5 82
6.24
4.50
5 98
6.68
4.50
6 10
6.71
5.00
6.21
6.71
5.50
6 31
3
6.33
3
6. 40
6.31
6.34
6.25
6.29
'6.23
6.28
6.31
6.30
6.28
6.34
6.31
6.36
6.34
6.39
6.33
6.42
6.41
6.51
6.39
6.57
6.47
6.58
6.50
6.59
'6.57
6.64
4
4
4
4
4. 75
5. 10
4. 89
5. 66
4.29
4.83
4.57
5.50
4.27
4.67
4.41
5.50
4.40
4.65
4.40
5.50
4.58
4.92
4.70
5.50
4.77
5.00
4.75
5.50
4.76
5.00
4.77
5.50
4.88
5.07
4.96
5.50
4.98
5.28
5.17
5.68
5.43
5.56
5.43
6.00
5.40
5.60
5.46
6.00
5.23
5.50
5.25
6.00
5.50
5.64
5.40
6.00
5.75
5.81
5.60
6.18
6.04
6.18
5.99
6.50
4. 321
5 07
3.852
4 46
3.640
4 68
3.480
4.96
4.308
5.17
4.275
5 28
4.451
5.40
4.588
5.52
4.762
5.73
5.012
5.72
5.081
5.53
4.969
5.59
5.144
5.77
5.365
5.69
5.621
5.95
99 142
4
e!7i
94 786
99 228
93 089
93 917
94 813
95, 115
95 684
95, 886
96 094
96, 802
99 228
98, 225
97, 672
97, 875
74 656
77 946
73, 840
74, 290
75, 051
75, 348
75, 889
76, 039
76, 223
76,680
77, 946
77, 467
77, 327
77, 581
78, 345
do
do
do
do
30 961
19 834
3 751
20 110
31
21
3
21
197
328
731
690
30, 635
19 376
3 636
20 193
30, 852
19, 442
3 670
20, 326
31, 208
19, 580
3 696
20, 567
31, 364
19,607
3 711
20, 666
31, 455
19 755
3 743
20' 936
31, 296
19, 9149
3 74
21, 087
31, 237
20, 042
3 746
21, 198
31,217
20, 340
3 748
21, 375
31, 197
21, 328
3 731
21, 690
31, 061
21, 097
3 678
21, 631
31, 137
20, 785
3 653
21, 752
31,380
20, 692
3,636
21,873
31, 766
20, 802
3 649
22, 128
do
do
do
do
do
do
65 565
32 155
16 936
8 549
6 014
1 911
68 273
33 992
16 851
9 169
6 294
1 967
65 298
32, 299
16 590
8 561
5 951
1 897
65, 733
32, 560
16, 615
8,665
5 947
1,946
66, 452
32, 966
16 721
8, 826
5 995
1,944
66, 781
33, 235
16, 747
8,864
6 009
1,926
67 273
33, 536
16 755
8 991
6 036
1 955
67, 376
33, 637
16, 701
9,026
6 067
1,945
67, 513
33, 723
16, 698
9,054
6 086
1,952
67, 763
33, 819
16,722
9,113
6 138
1,971
68 273
33, 992
16 851
9 169
6 294
1 967
68, 076
34, 017
16, 775
9,063
6 251
1,970
68, 215
34, 155
16, 706
9,094
6 270
1,990
68, 570
34,411
16,700
9,172
6 289
1,998
69, 332
34, 908
16, 790
9,311
6 336
1,987
8,557
8,599
Retail outlets, total .
do
8 542
9 091
9 673
494
502
Automobile dealers
do
490
490
506
19
627
19
762
Noninstallment credit total
do
20 130
21 282 19 249
7 844
8,017
8,077
Single-payment loans total
do
7 890
8 267
6,902
6,848
Commercial banks.
do
6,758
6, 714
7 064
1,175
1,169
Other financial institutions
do
1 132
1 130
1 203
7 595
6,334
6,231
Charge accounts, total
do
7 144
5 923
965
939
922
Credit cards
do
874
1 054
5,351
Service credit.
_ do
5,379
5. 436
5.142
5.420
r
Revised.
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.
* Daily average.
cfFor demand deposits, the term "adjusted" denotes demand deposits other than domestic
commercial interbank and U.S. Government, less cash items in process of collection; for
8,567
506
19 767
8,100
6,927
1,173
6,346
1,024
5,321
8, 616
508
19 795
8 136
6,950
1,186
6,368
1,057
5,291
8,663
507
19 847
8,179
6,994
1,185
6,387
1,083
5,281
8,710
506
19 871
8,189
7,001
1,188
6,471
1,056
5,211
8,917
506
20 122
8,237
7,034
1,203
6,614
1,046
5,271
9,673
506
21 282
8 267
7,064
1,203
7,595
1,054
5,420
9,391
504
20 758
8,288
7,075
1,213
6,970
1,081
5,500
9,112
507
20, 345
8,325
7,098
1,227
6,386
1,040
5,634
9,011
514
20, 294
8,370
7, 136
1,234
6,263
1,025
5,661
9,013
522
20 797
8,488
7,246
1,242
6,559
1,069
5,750
306-294 O - 68 - 'S1 3
5.50
4.00
6 03
6.00
do
Automobile paper
Other consumer goods paper
Repair and modernization loans
Personal loans
By type of holder:
Financial institutions, total
Commercial banks _.
Sales finance companies
Credit unions
Consumer finance companies
Other
143, 667
67, 054
6,736
9,634
29, 844
37, 773
6.36
6.14
6.73
6.35
6.21
6.41
6.31
5.96
5.71
6.29
5.91
5.94
6.03
6.03
5.95
5.66
6 29
5 92
5.92
6 01
6 02
'142,078
67, 013 ' 67, 013
6,578
6,938
9,597 10, 540
29, 268 29, 543
36, 092 37, 016
4.50
5 88
6.02
3
3
4
47, 957
37, 449
r
!42,078
r
61, 804
28, 371
22, 322
33, 433
35
99
3
5.72
36 34
35.96
35.96
36 06
3
6. 09
47 836
36 604
mil $
Installment credit , total
25, 499
25, 087
412
746
—334
do
do
Investments total
do
51 502
U.S Government securities, total
do
24 803
Notes and bonds
__do
19 816
Other securities
do
26 699
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas. adj.:J
2 310 2
Total loans and investments©
bil $
2 207 8
LoansO
do
U.S. Government securities
__ _ __do
53 7
2
Other securities.. _
do ._
48. 7
Money and interest rates: §
Bank rates on short-term business loans: f
In 35 centers
percent per annum
New York City
. .._
do
7 other northeast centers
do
8 north central centers
do
7 southeast centers
do
8 southwest centers
do
4 west coast centers
do
Discount rate (N.Y.F.R. Bank), end of year or
month
percent-- 3 4.50
Federal intermediate credit bank loans
do
5 82
3
Federal land bank loans
do
5 74
Home mortgage rates (conventional 1st mortgages) :i
3
New home purchase (U.S. avg.)
percent __
6. 14
3
Existing home purchase (U.S. avg.)
do
6. 30
Open market rates, New York City:
4
Bankers' acceptances (prime, 90 days) . . do
5.36
Commercial paper (prime, 4-6 months)__do
45.55
4
Finance Co. paper placed directly , 3-6 mo.do
5. 42
4
Stock Exchange call loans, going rate
do
5. 78
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent.. * 4. 881
4
3-5 year issues
do
5 16
CONSUMER CREDIT
(Short- and Intermediate-term)
Total outstanding end of year or month
23,791
23,404
387
89
298
23, 284
22, 914
370
101
269
23,362
23053
309
134
175
6.68
6.80
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.
JRevised monthly data for commercial bank credit
(1948-66) appear in the Sept. 1967 Fed. Reserve Bulletin; those for home mortgage rates for
1965-66 will be shown later.
©Adjusted to exclude interbank loans.
§For bond yields,
see p. S-20.
fBeginning Feb. 1967, series revised to cover 35 centers and exclude rates for
certain loans formerly included (see May 1967 Federal Reserve Bulletin).
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Apr.
Annual
June 1968
May
June'
July
Aug.
1968
Sept.
Oct.
Nov.
Deo.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
CONSUMER CREDIT— Continued
Installment credit extended and repaid:
Unadjusted:
Extended, total
mil. $
Automobile paper
do
Other consumer goods paper _ _ _ _ _do _
All other
^
do
Repaid, total
_ _
_
Automobile paper
Other consumer goods paper
All other
_ _
_
Seasonally adjusted:
Extended, total
_
Automobile paper
Other consumer goods paper
All other
do_ _
do
do
__do
78, 896
28, 491
23, 502
26, 903
81, 263
27, 221
25, 787
28, 255
6, 495
2,294
1,927
2,274
7,062
2,559
2,074
2,429
7,458
2,678
2,155
2,625
6,859
2,396
2,071
2,392
7,223
2,392
2,229
2,602
6,590
2,042
2,205
2,343
6,912
2,355
2,215
2,342
7,032
2,222
2,375
2,435
7,829
2,094
3,088
2,647
6,363
2,178
1,992
2,193
6,372
2,301
1,854
2,217
7,100
2,589
2,140
2,371
7,694
2,789
2,280
2, 625
72, 805
26, 373
21, 361
25, 071
77,973
26,985
24, 293
26, 695
6,246
2,186
1,920
2, 140
6,612
2,342
2,008
2,262
6,697
2,322
2,017
2,358
6,562
2,240
2,044
2,278
6,682
2,301
2,081
2,300
6,440
2,201
2,046
2,193
6,728
2,414
2,087
2, 227
6,575
2,242
2,077
2,256
6,563
2,114
2,100
2,349
6,842
2,314
2,223
2,305
6,512
2,225
2,166
2,121
6,846
2,346
2,233
2,267
6,930
2,403
2,170
2,357
6,606
2,217
2,095
2,294
6,554
2,238
2,032
2,284
6,823
2,338
2,081
2,404
6,776
2,266
2,147
2,363
6,929
2,285
2,212
2,432
6,973
2,322
2,234
2,417
6,942
2,321
2,165
2,456
7,032
2,305
2,242
2,485
7,035
2,306
2,321
2,408
7,089
2,437
2,223
2,429
7,245
2,519
2,250
2,476
7,380
2,567
2,331
2,482
7,342
2, 517
2,354
2,471
6,393
2,235
1,968
2,190
6,361
2,219
1,948
2,194
6,531
2,281
1,995
2,255
6,551
2,228
2,074
2,249
6,585
2,240
2,079
2,266
6,689
2,280
2,106
2,303
6,631
2,301
2,093
2,237
6,614
2,240
2,105
2,269
6,652
2,250
2,167
2,235
6,691
2,302
2,088
2,301
6,679
2,308
2,110
2,261
6,814
2,330
2,173
2,311
6,800
2,339
2,159
2,302
1 149, 591
1 153,238
1-3,647
12, 237 12, 134 11, 899
14, 882 13, 741 14, 336
-2,645 -1, 607 -2, 437
19, 081
15, 233
3,848
1-5,176
1-8,823
-688
-611
-589
-3, 233 -2, 295 -3, 049
-479
3,369
__ _ do
do
do_ _
__do
_ _
Repaid, total..
__
__
_
Automobile paper __ __ _
Other consumer goods paper
All otlier.-
_do
do _ _
do
do
FEDERAL GOVERNMENT FINANCE
Budget receipts, expenditures, and net lending: 1
Expenditure account:
Receipts
mil. $ 1 130,901
Expenditure (excl. net lending)
_.
do . . i 130,740
Expenditure surplus or deficit (— ) _ _ .do
U61
Loan account:
Net lending
do
1-3,832
Budget surplus or deficit (— )
do
1-3,671
Budget financing: f
Borrowing from the public. .
do
i 6, 031
Reduction in cash balances
do
1-2,360
Total, budget
financing
do
i 3, 671
Gross amount of debt outstanding1!
do._ i 329,473
Held by the public
do
i 265,609
Budget receipts by source and outlays by function: J
Receipts total
mil $
Individual income taxes
_do._
Corporation income taxes
do
Other
. . .
.
do
Expenditures and net lending, total
National defense, total
Department of Defense, military
International affairs and
finance
Health , labor, and welfare
_
Other §
do..
do
do
do
do
do
Receipts and expenditures (national income and
product accounts basis), qtrly. totals seas. adj.
at annual rates:
Federal Government receipts, total
bil. $..
Personal tax and nontax receipts
do
Corporate profit tax accruals
do
Indirect business tax and nontax accruals.do
Contributions for social insurance
do
Federal Government expenditures, total.. .do
Purchases of goods and services
do
National defense
do
Transfer payments
do
Grants-in-aid to State and local govts
do
Net interest paid
do
Subsidies less current surplus of government
enterprises
bil. $
Surplus or deficit ( )
do
1 130 901
i 55, 446
i 30, 073
i 45, 382
4,084 -1, 348 -1, 626
3,963
4.397 -1, 742
-730 -1, 790
2,295
3,049 -3, 369
3,233
365, 020 370, 638 368, 861
' 290,489 r 294,574 293, 226
i 3, 551
i 5, 272
i 8, 823
i 341,343
i 269,160
1149 591
i 61, 526
i 33, 971
i 54, 094
12, 237
8,150
729
3,358
12, 134
5,627
543
5,964
11,899
3,401
4,397
4,100
19, 081
9, 388
4,242
5,451
1 134,572 1 158,414
i 56, 770 i 70, 092
15, 471
14,429
14, 947
15, 712
6,891
6,164
6,069
6,832
i 4, 443 ' 4, 650
i 33, 226 i 40, 084
i 40, 132 i 43, 588
143.2
61.7
32.3
15.9
33.3
151.8
66.5
31.0
16.6
37.7
148.1
64.0
30.3
16.5
37.2
152.7
67.5
30.6
16 7
38 0
157.3
69.1
32.5
17.0
38.7
' 164. 5
71.6
'33.7
17.4
41.8
142.9
77.0
60.5
36.0
14.8
9.5
164.3
89.9
72.5
42.9
16.0
10.5
162.8
89 5
72.5
42.4
15.3
10 4
165 9
90 9
73.3
43.5
16 0
10 5
167.9
92 2
74.2
43.3
17.1
10 7
175. 6
96.2
76.7
45.9
18.2
11.1
5.4
5.1
5.3
5.0
4.6
3
12 5
—14 7
—13 2
—10. 7
4.2
'
-11.1
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies {
bil. $.. 2 167. 02
Bonds (book value), total
do
2 71. 90
Stocks (book value) total
do
2 8.76
Mortgage loans total
do
2 64. 61
Nonfarm
do
2 59. 37
170. 57
72.98
7.91
66.02
60.72
171.24
73.26
8.00
66.25
60.92
171. 88
73.48
8.12
66.41
61.04
173. 13
74.37
8.34
66.32
60.92
173. 84
74.76
8.46
66.51
61.07
174. 66
74.96
8.62
66.70
61.24
175. 39
75.37
8.72
66.88
61.40
176. 18
75.63
8.84
67.10
61.60
177. 20
75.49
9.00
67.60
62.04
178.26
76.37
9.06
67.77
62.22
178. 76
76.68
9.17
67.87
62.29
179.48
76. 97
9.35
68.06
62.42
2
4 88
29.12
2 1 53
26.23
4.94
9.54
1.18
8.00
4.95
9.62
1.35
7.80
4.99
9.70
1.30
7.89
5.03
9.74
1.46
7.87
5.05
9.81
1.34
7.92
5.08
9.88
1.34
8.09
5.10
9.93
1.43
7.95
5.16
10.00
1.45
8.01
5.18
10.08
1.56
8.30
5.21
10.17
1.46
8.23
5.24
10.26
1.33
8.21
5.26
10.36
1.18
8.30
Real estate.
Policy loans and premium notes
Cash
Other assets
do
do
do
do
Payments to policyholders and beneficiaries in
U.S., total
mil. $.. 12, 342. 2 13, 293. 6 1, 034. 1 1, 103. 2 1, 137. 5
Death benefits _ __
do
477.4
454.5
5, 218. 2 5, 665. 3
492.1
Matured endowments
do
87.9
981.6 1, 017. 1
82.7
85.6
17.5
Disability payments
do
169.3
174.6
13.7
15.1
Annuity payments
Surrender values
Policy dividends
do
do
do _
1, 152. 6
2, 120. 6
2, 699. 9
1, 261. 3
2, 243. 1
2. 932. 2
99.3
189.6
194.3
101.1
195.7
213.6
102.2
199.2
253.3
r
Revised.
i Fiscal year.
2 Annual statement values.
UTables showing cash transactions and administrative budget receipts and expenditures
have been discontinued. Data shown in the indicated sections are on the basis of budget
969.0 1, 166. 8 1, 118. 8 1, 078. 1 1, 059. 6 1,373.4 1,174.9 1, 150. 8 1, 278. 4
575.4
531.6
465.4
429.6
447.3
531.2
453.9
520.5
509.7
90.5
81.0
87.1
86.5
96.0
71.6
78.8
77.5
80.8
18.0
13.7
13.0
14.3
17.4
13.5
16.6
12.9
13.3
102.5
169.2
182.6
102.8
198.0
265.5
121.0
180.6
267.9
109.8
184.2
218.6
107.4
184.0
210.6
91.8
191.8
475.6
133.5
196.0
210.3
114.4
197.0
213.1
111.8
215.0
267.7
concepts adopted pursuant to the recommendations of the President's Commission on Budget
Concepts.
§Includes undistributed adjustments to amounts for all functions.
I Revisions for Apr. 1966-Feb. 1967 will be shown later.
SURVEY OF CURRENT BUSINESS
June 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Annual
S-19
Apr.
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
11,425 i 24,089
8,428 8,586
2,424 i 14,932
573
571
Dec.
Jan.
Feb.
Mar.
Apr.
9,989
7,198
2,290
501
10, 871
8,018
2,298
555
14, 421
9,036
4,773
612
11, 786
8,796
2,433
557
1,421
1,088
230
103
1,425
1,088
241
97
1,475
1,116
259
99
1,448
1,079
273
96
11, 882 10, 484
-31
-234
949 500, 800
1, 839 12, 596
10,484
-148
1,302
29, 283
May
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:!
Insurance written (new paid-for insurance) :
Value, estimated total
mil. $
Ordinary _ _
_
_do
Group and mass-marketed ordinary
do._
Industrial
do
Premiums collected:
Total life insurance premiums __ _ _ _ do
Ordinary
do
Group and mass-marketed ordinary
do
Industrial
do
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period) _ _ .mil. S.Net release from earmark!
do
Exports
thous $
Imports
_
do
Production, world total
mil $
South Africa
do
Canada
do
United States
_.
do
Silver:
Exports
thous $
Imports.,
do
Price at New York
dol. per fine oz
Production:
Canada
.thous. fineoz
Mexico..
_ _ _
do
United States
do
Currency in circulation (end of period)
bil. $._
Money supply and related data (avg. of dailyfig.):
Unadjusted for seasonal variation:
Total money supply
bil. $__
Currency outside banks
do
Demand deposits
.
do
Time deposits adjusted^
do
U.S. Government demand deposits
do
Adjusted for seasonal variation:
Total money supply
do
Currency outside banks
do
Demand deposits __
do
Time deposits adjusted^
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (233 SMSA's)O_ .ratio of debits to depositsNew York SMSA
_.do
Total 232 SMSA's (except N.Y.)
do
6 other leading SMS A'scf
- _ do
226 other SMSA's
do
121, 989 U41,799
87, 332
93,488
27, 580 i 41, 257
7,054
7,078
10, 715
7,615
2,484
616
11, 925
8,280
3,002
643
11, 370
8,140
2,644
586
9,732
7,201
1,956
575
10, 626
7,838
2,222
566
10, 140
7,277
2,298
565
11, 683
8,428
2,650
605
16,906
12,668
2,907
1,332
1,330
1,013
218
99
1,475
1,104
267
105
1, 360
1,040
225
95
1,399
1,053
241
104
1,406
1,051
257
98
1,313
988
231
93
1,443
1,107
232
105
13, 159
11,982
-50
-86
457, 333 1,005,199
42, 004
32, 547
2 1, 445. 0
1, 080. 8 1, 061. 6
114.6
103.7
63.1
13, 109
-3
162
2,326
13, 109
3
63
2,239
13, 110
-5
490
2,530
89.1
8.9
91.2
8.9
89.1
9.1
88.9
8.4
90.5
8.3
89.9
8.0
84.1
8.6
90.0
8.2
82.0
8.7
90.3
7.7
90.0
7.7
91.8
8.4
91.8
6,236
4,984
2.066
12, 993
10, 922
1.990
23, 889
8,645
1.855
9,192
12,436
2.180
19, 526
8,567
2.203
4,235
16, 090
12, 063
2,660
1,367
13,006 12,905
1
-8
73
226
8,219
1,771
1,721
1,157
328
235
12,908 11,982 11,984
-32
52
-221
969 1,002,523 1,503
1,126
3,201
2,510
10, 384
114, 325
78,378
1.293
100, 710
80, 178
1.550
11, 072
8,451
1.293
15, 149
8,159
1. 296
19,786
10, 120
1.301
2,912
4,021
1.593
1,722
8,520
1.750
4,094
5,839
1.680
2,480
3,296
1.786
2,792
6,759
1.953
32,820
41 984
45,047
44.7
37, 206
4,020
2,304
3,280
44.4
3,403
6,078
4,194
44.7
2,729
2,129
2,461
44.9
2,691
3,020
892
45.1
2,928
2,462
1,366
45.0
3,390
4,393
1,235
45.4
3,134
4,027
644
46.5
2,864
3,398
30, 354
47.2
3.224
3,114
4,151
43.7
650
47.2
703
45.8
1,079
45.8
1,278
46.3
46.6
169.8
37.5
132.3
3 154. 0
4.9
176.4
39.4
137.0
173.2
5.0
173.6
38.7
134.9
168.8
4.8
171.1
38.9
132.2
170.8
6.5
174.3
39.3
135.1
173.0
3.9
175.8
39.6
136.2
175.1
5.6
175.9
39.6
136.2
177.7
4.3
178.4
39.8
138.6
178.9
5.0
180.6
40.0
140.6
180.3
6.2
182.5
40.4
142.1
181.1
5.2
187.2
41.2
146.0
181.8
5.0
187.8
40.5
147.3
183. 5
4-9
181.5
40.3
141.3
185.5
7.2
182.1
40.7
141.4
187.4
6.7
185.8
41.0
144.8
187. 6
4.2
182.7
41.3
141.3
187.1
6.4
172.7
39.1
133.6
168.1
174.5
39.2
135.3
170.0
176.2
39.3
136.8
172. 4
177.9
39.5
138.4
174.6
179.1
39.6
139.6
177.2
179.2
39.8
139.5
178.9
180.3
39.9
140.3
180.8
181.2
40.0
141.2
182.5
181.5
40.4
141.1
183.8
182.5
40.5
141.9
183.7
182.5
40.7
141.8
185.0
183.4
41.1
142.3
186.6
184.7
41.4
143. 3
186. 9
186.3
41.6
144.7
187.1
57.7
123.0
40.8
54.2
35.1
54.8
115.2
39.2
52.0
33.9
56.5
120.0
40.1
53.4
34.4
56.8
119.8
40.7
55.5
34.5
59.0
128.5
41.1
56.6
34.6
57.4
120.6
40.8
55.4
35.1
58.3
125.5
40.8
54.6
35.1
58.4
130.2
41.2
55.7
34.8
58,5
122.1
41.1
54.6
35.3
60.2
128.5
41.6
55.6
36.0
59.8
129.2
42.1
56.9
36.1
59.3
128.2
41.6
56.5
35.7
59.7
126.7
42.3
57.4
36.2
52.8
109.4
38.3
50.1
33.3
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries
mil. $.. 30,937
Food and kindred products..
do
« 2, 102
Textile mill products
do
702
Lumber and wood products (except furniture)
mil. $__
345
Paper and allied products
do
911
Chemicals and allied products
do
3, 474
Petroleum refining
do
5,055
Stone, clay, and glass products
do
799
Primary nonferrous metal
do
1 298
Primary iron and steel. _ . _
. d o
1,487
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $
1,395
Machinery (except electrical) _ .
do
3,058
E lee. machinery , equip. , and supplies
do
2,379
Transportation equipment (except motor
vehicles, etc.)
mil $
821
Motor vehicles and equipment
do
3,053
All other manufacturing industries
__do
* 4, 058
Dividends paid (cash) , all industries. _ _ _ _ .do
12, 958
Electric utilities, profits after taxes (Federal Reserve)
_._
mil $
2,764
56.7
120.8
40.1
53.4
34.5
29, 008
2,130
540
7 596
506
124
6,718
584
140
7 946
589
171
7,430
501
129
333
796
3,261
5,497
672
1,061
1,165
82
205
849
1,344
194
311
296
102
190
767
1,335
216
192
227
113
193
878
1,491
79
225
334
1,316
2,893
2,297
368
840
564
305
687
540
98
210
859
1,477
195
233
346
322
692
666
809
2,356
3,884
13, 262
199
831
883
3,266
199
193
1,041
3,079
249
712
1,129
3,732
238
862
906
3,325
2,911
666
717
729
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
mil. $
4,229 4,002 5,373
45, 015
68, 514
By type of security:
Bonds and notes, total
do
3,991 3,844
5,043
42, 501
65, 670
Corporate
do
2,343
15,561
1,778
21,954
1,361
Common stock.
do
94
313
111
1,939
1,959
Preferred stock
do
144
47
17
574
885
By type of issuer:
Corporate, total9
__do
2,015
2,674
1,518
24, 798
18, 074
Manufacturing. .
do
1,334
1,153
598
11,058
7,070
Extractive (mining)..
do
40
29
30
587
375
Public utility »
do "
477
401
426
3,665
4,935
Railroad
_ _
do
12
33
27
339
286
Communication
__ .
do
92
354
109
1,979
2,003
102
149
Financial and real estate
do
1.941
2.433
143
r
2
Revised.
1 Includes $8.3 bil. coverage on Federal employees.
Estimated; excludes
3
U.S.S.R., other Eastern European countries, China Mainland, and North Korea.
Beginning June 1966, data exclude balances accumulated for payment of personal loans (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.
13, 108 ,3,-OOS
1
104
77
2,041 3,331
1,372
1,040
235
96
2.377
268
641
572
4,375
10, 625
4,218
4,609
8,732
4,483
4,556
8,072
5,069
3,448
4,161
2,375
130
84
10, 376
2,231
144
105
4,004
1,549
173
41
4,141
1,940
238
231
8,428
1,196
222
81
4,206
2,107
235
42
4,234
1,449
276
46
7,845
1,382
169
58
4,628
1,359
295
145
3,179
1,184
221
49
2,385
1,453
2,589 2,481 1,763 2,409
1,500
1,771
1,799
1,608
382
1,135
1,263
963
777
654
930
561
527
570
126
43
163
16
42
16
65
25
49
50
282
181
536
424
476
410
456
647
562
269
14
16
24
35
13
20
0
9
7
47
191
70
40
359
202
121
188
86
83
148
122
279
277
156
105
187
392
176
279
64
t Revisions for months of 1966 will be shown later.
§ Or increase in earmarked gold (—).
If Time deposits at all commercial banks other than those due to domestic commercial banks
and the U.S. 1Govt.
0 Total SMSA's include some cities and counties not designated as
SMSA's.
d Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland,
and Los Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Annual
June 1968
Apr.
May
June
July
1968
Aug. 1 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— Continued
Noncorporate, total 9
mil. $
IT S Government
do
State and municipal
do
8,145
6,458
840
2,455
362
1,273
2,200
422
991
7,232
5,054
1,320
2,099
371
1 093
2,785
481
1,162
6,464
4,719
1,134
3,270
418
1,363
1, 995
405
1,277
2,543
2,440
1,733
2,367
1,470
2,344
1,732
1, 585
1,765
1,422
2,179
1,531
2,184
1,717
1,588
1,202
1,447
1,136
662
79
168
914
391
3
163
2,113
1,379
734
8
223
386
30
117
311
16
121
1,592
1,253
647
89
275
2,120
1,459
1,305
467
34
222
1,581
1,080
336
19
56
2,363
1,832
531
20
248
1,222
890
332
9
191
1,129
1,197
1,209
1,461
925
286
840
752
1,273
991
764
1, 320
1,093
1,162
1,134
330
569
563
1,363
1,090
' 1, 277
669
1
791
7, 948
2, 763
701
5,896
2,078
673
5,966
2,220
6,195
2,231
686
698
6,636
2,341
6,943
2,401
776
6,677
2,281
7,111
2,513
791
7,200
2,500
791
7,948
2,763
888
7,797
2,942
815
7,419
2,768
820
7,248
2,692
834
7,701
2,979
86.1
>• 102. 5
81.8
100.5
85.4
104.9
83.4
101.1
81.7
100.2
81.1
99.3
80.3
99.6
80.0
98.0
78.5
95.8
76.8
95.2
75.9
93.6
77.2
95.5
77.5
94.8
76.9
92.7
76.2
94.7
75.3
92.7
78.63
76.55
80.24
77.48
76.37
76.39
75.38
75.04
73.01
70.53
71.22
73.09
73.30
70.98
72.06
70.89
4,261.12 6, 087. 43
3,740.48 5, 393. 60
381. 00
333. 15
534. 32
451. 62
539. 46
464. 38
541. 91
455. 80
529. 22
471. 09
494. 25
439. 68
634. 15
559. 18
567. 12
536. 43
531. 62
519. 14
552. 08
503. 57
402. 93
392. 36
434. 68
432. 90
523. 16
499. 30
4,100.86 5, 428. 00
3,589.62 4, 862. 48
349. 76
309.72
484. 92
413. 73
463. 58
406. 43
468.83
402. 31
466.98
422. 84
438. 28
385. 75
553. 63
494. 43
496. 10
475. 48
440. 43
446. 45
437. 51
422. 35
339. 82
341. 27
356. 71
367. 88
383. 18
386. 64
New York Stock Exchange, exclusive of some
stopped sales, face value, total
_
mil. $ 3, 092. 79 3, 955. 54
279. 94
329. 41
326. 62
358. 94
326. 09
319.92
403. 06
382. 38
360. 78
333. 25
268. 61
317. 43
351. 55
26, 941
8,231
11 089
43, 716
19, 431
14 288
2,213
393
2,483
438
1 209
2,700
410
1 461
1,786
1 129
do
17, 841
24,409
1,985
1,493
2,631
do
do
do
do
do
15, 806
12, 430
3,376
22, 230
16, 154
6,076
1,891
1,352
1,795
1,867
539
12
82
1,418
1,082
11, 089
6,524
14,288
8,025
mil $
do
do
*609
i1 5, 387
1, 637
1
1
Prices:
Standard & Poor's Corporation:
Industrial, utility, and railroad (A A A issues):
Composited"
dol per $100 bond
Domestic municipal (15 bonds)
do.
New corporate security issues:
Estimated net proceeds total
Proposed uses of proceeds:
New money total
Plant and equipment
W"orkinsr capital
Retirement of securities
Other purposes
State and municipal issues (Bond Buyer) :
Long-term
_ _ _ _
_do
Short-term
do
241
312
951
531
415
925
501
10
142
603
767
339
24
149
1,106
972
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)
732
720
Bonds
U.S. Treasury bonds, taxable^
do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil $
Face value
do
New York Stock Exchange:
Market value
do
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)
346. 53
5.34
2
5. 82
5.42
5.56
5.75
5.86
5.91
6.00
6.14
6.36
26.51
6.45
6.40
6.42
6.53
6.60
..do
do
do
do
5.13
5.23
5.35
5.67
25.51
5.66
5.86
6.23
5.11
5.26
5.46
5.83
5.24
5.42
5.60
5.96
5.44
5.63
5.77
6.15
5.58
5.72
5.88
6 26
5.62
5.76
5.94
6.33
5.65
5.87
6.06
6.40
5.82
6.01
6.19
6.52
6.07
6.23
6.43
6.72
26.19
6.35
6.58
6.93
6.17
6.29
6.48
6.84
6.10
6.27
6.41
6.80
6.11
6.28
6.43
6.85
6.21
6.38
6.57
6.97
6.27
6.48
6.62
7.03
_ do .
do...
do
5.30
5.36
5.37
5.74
5.81
25.89
5.37
5.37
5.51
5.46
5.59
5.62
5.64
5.80
5.80
5.79
5.91
5.88
5.84
5.96
5.94
5.93
6.02
6.03
6.05
6.12
6.24
6.28
6.39
6.42
6.39
6.57
26.63
6.34
6.47
6.65
6.31
6.36
6.65
6.33
6.39
6.67
6.42
6.54
'6.79
6.49
6.60
6.87
do
do
3.83
3. 82
3.96
3.98
3.69
3.66
3.96
3.92
4.06
3.99
3.91
4.05
4.06
4.03
4.19
4.15
4.27
4.31
4.42
4.36
4.44
4.49
4.16
4.34
4.44
4.39
4.54
4.56
4.44
4.41
4.64
4.56
do
4.66
4.85
4.51
4.76
4.86
4.86
4.95
4.99
5.18
5.44
5.36
5.18
5.16
5.39
5.28
5.40
8.25
9.17
4.11
4.45
5.06
6.85
8.26
9.03
4.34
4.62
5 35
7.82
8.33
9.18
4.27
4.63
5.28
7.81
8.19
8.95
4.32
4.63
5.28
7.81
8.20
8.95
4.38
4.63
5.29
7.81
8.21
8.96
4.39
4.65
5 29
7 81
8.21
8.96
4.39
4.65
5.30
7.81
8.22
8.96
4.39
4.65
5.48
7.81
8.23
9.00
4.40
4.58
5.48
7.81
8.28
8.92
4.41
4.55
5.48
8.09
8.30
8.95
4.44
4.55
5.57
7.95
8.41
9.12
4.44
4.55
5.57
7.95
8.42
9.12
4.45
4.52
5.69
8.08
8.42
9.12
4 46
4 52
5 69
8 08
8.46
9.18
4 48
4.52
5 78
8 08
8.47
9.18
4.48
4.52
5.78
8.08
230. 88
266. 77
102. 90
92.65
246. 54
290. 05
101.87
95 91
251. 52
293. 28
108. 90
93.60
238.37
277. 83
102. 58
94.89
242. 22
282. 15
100. 73
97.92
252. 69
298. 94
103. 04
105 56
249. 02
295. 09
99.63
104 99
257. 40
307. 35
99.76
101. 22
251. 90
302. 88
93.63
91.88
250. 32
300. 84
95.92
90.80
256. 30
309. 19
98.19
90 86
247. 26
294. 18
97.75
88.59
241. 14
286. 99
97.15
85 80
242. 77
290 96
92 66
86 75
262. 85
316 20
92 93
94 62
262. 95
318. 40
92.08
102. 23
percent..
.do
do_ _
do
do
, do
3.57
3.44
3.99
4.80
4.04
2.92
3.35
3.11
4.26
4.82
3.87
3.47
3.31
3.13
3.92
4.95
3.83
3.31
3.44
3.22
4.21
4.88
3.96
3.51
3.39
3.17
4.35
4.73
3.98
3.43
3.25
3.00
4.26
4.41
3.68
3.53
3.30
3.04
4.41
4.43
3.69
3.54
3.19
2.92
4.40
4.59
3.77
3.57
3.27
2.97
4.70
4.98
3.89
3.85
3.31
2.97
4.60
5.01
4.06
4.02
3.24
2.89
4.52
5.01
4.06
3.78
3.40
3.10
4.54
5.14
3.93
3.63
3.49
3.18
4.58
5.27
3.77
3.99
3.47
3.13
4.81
5 21
3.86
4.11
3.22
2 88
4 82
4 78
3 66
3 94
3.22
2.88
4.87
4.42
3.63
3.38
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.)
Industrials
dollars
Public utilities
do
Railroads
do ..
16 78
6.30
9.34
15 76
6 67
U.S. Treasury bonds, taxableO
percent. _
Stocks
Dividend rates, prices, yields, and earnings, 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
Yields, composite
Industrials
_
Public utilities
.
Railroads _
N.Y. banks
_
Fire insurance companies . _
f
do
do
.do
do
16.07
6.42
8.30
Revised.
1 End of year.
2 Beginning Dec. 18, 1967 Aaa railroad bonds not included.
9 Includes data not shown separately.
cfNumber of bonds represented fluctuates; the change in the number does not affect the
13.60
6.53
18 65
6 67
r IQ 55
6 76
continuity of the series.
^Prices are derived from average yields on basis of an
assumed 3 percent 20-year bond.
e
OFor bonds due or callable in 10 years or more.
Corrected.
SURVEY OF CUREENT BUSINESS
June 1968
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
Annual
S-21
May
Apr.
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent-Prices:
Dow- Jones averages (65 stocks)
Industrial (30 stocks) _ _ _ _
Public utility (15 stocks)
Railroad (20 stocks)
_ _ _
_
Standard & Poor's Corporation: cT
Industrial, public utility , and railroad:
Combined index (500 stocks)
1941-43 =10- _
4.97
5.34
5.03
5.17
5.30
5.34
5.35
5.41
5.59
5.79
5.95
5.70
5.65
5.80
5.86
5.92
308. 70
873. 60
136. 56
227.35
314. 79
879. 12
132. 65
242. 38
309. 45
868. 66
139. 29
228. 77
315. 57
883. 74
137. 15
238. 27
318. 12
872. 66
131. 92
253. 90
327. 23
888. 51
132. 72
267. 65
329. 62
912. 46
132. 43
262. 85
330. 87
923. 45
131. 33
261. 79
321. 30
907. 54
126. 08
250. 55
303. 88
865. 43
123. 05
230.74
309.78
887.20
125. 19
233.20
312. 05
884. 77
132. 48
233. 76
299. 84
847. 20
128. 87
224. 63
292. 86
834. 76
123. 66
217. 94
309. 31
893. 37
123. 59
230. 63
318. 17
905. 22
122. 72
246. 85
85.26
91.93
90.96
92.59
91.43
93.01
94.49
95.81
95.66
92.66
95.30
95.04
90.75
89.09
95.67
97.87
91.08
84.86
74.10
68.21
46.34
99.18
96.96
79.18
68.10
46.72
97.54
92.37
77.53
71.70
45.80
99.59
95.10
79.13
70.70
47.00
98.61
96. 34
78.94
67.39
48.19
100. 38
98.35
81.27
67.77
49.91
102. 11
101. 01
83.88
68.03
50.43
103. 84
104. 17
84.62
67.45
49.27
104. 16
106. 64
83.60
64.93
46.28
100. 90
103. 58
80.47
63.48
42.95
103. 91
106.41
81.92
64.61
43.46
103.11
102. 87
81.06
68.02
43.38
98.33
98.13
77.99
65.61
42.35
96.77
96.32
77.49
62.62
41.68
104. 42
104. 08
84.79
63.66
44.79
107. 02
106. 86
87.75
62.92
48.00
33.32
63.80
36.40
66.46
36.01
66.56
35.43
65.81
35.35
63.97
36.76
65.95
37.89
67.34
38.39
67.99
37.83
67.43
35.65
64.60
35.52
64.83
37.18
67.64
38.46
70.66
38.38
70.59
40.35
73.18
42.19
76.43
Fire and casualty insurance (16 stocks).,. do
64. 55
62.29
64.86
62.60
61.34
62.56
58.95
60.84
58.66
55. 84
56.99
59.42
56.61
53.31
53.61
59. 23
New York Stock Exchange common stock indexes:
Composite
12/31/65= 50. _
Industrial
_
do
Transportation
__do _
Utility
.- .
do
Finance
do
46.15
46.18
50.26
45.41
44.45
50.77
51.97
53.51
45.43
49.82
49.92
50.19
54.60
48.07
48.37
51.00
51.78
55.76
47.20
48.17
50.54
51.55
54.97
45.95
47.51
51.67
53.13
57.30
44.87
49.85
52.46
54.20
56.80
44.69
51. 24
53.23
55.28
54.89
44.57
52.98
53.13
55.62
51.56
43.33
52.69
51.40
53.79
48.43
42.39
50.19
53.06
55.80
48.73
42.75
52.37
53.24
55.45
47.90
44.87
55.89
50.68
52.63
45.15
43.36
53.88
49.48
51.54
43.29
41.78
52.98
53.23
56.03
46.85
42.46
57 56
54.85
58.04
49.92
42.07
60.43
123, 034
3,188
161, 752
4,504
11, 777
323
14, 411
397
13,891
374
13, 313
393
14, 023
392
13, 092
369
14, 499
409
14, 478
381
14, 919
412
17, 662
518
12,008
321
12, 632
336
17, 571
453
98, 565
2, 205
125, 329
2,886
9,232
206
11, 335
257
10,801
243
10, 114
241
10, 920
'251
9,964
228
11, 006
249
11, 193
242
11, 186
262
12,914
298
8,909
205
9,672
221
13, 310
298
1,899
2,530
188
219
213
217
208
205
225
212
230
263
174
193
296
482. 54
10, 939
605. 82
11, 622
572. 64
11,114
546. 65
11, 199
559. 50
11, 277
586. 41
11, 326
581. 99
11,374
600. 94
11, 433
583. 13
11, 484
586. 17
11, 568
605.82
11, 622
582. 94
11, 696
564.15
11, 796
568. 51
11, 897
619. 04
11,936
Industrial, total (425 stocks) 9 _ _ _ _ d o
Capital goods (130 stocks)
do
Consumers' goods (181 stocks)
__do__Public utility (55 stocks)
do
Railroad (20 stocks)
do
Banks:
New York City (9 stocks)
Outside New York City (16 stocks)
do
do
Sales:
Total on all registered exchanges (SEC) :
Market value
mil $
Shares sold
millions
On New York Stock Exchange:
Market value
mil $
Shares sold (cleared or settled)
millions
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
millions
Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares
bil $
Number of shares listed
millions
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
Exports (mdse.), incl. reexports, total
Excl. Dept. of Defense shipments
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America.. _
By leading countries:
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
North and South America:
Canada
.mil. $__ 30,319.6 31,533.7
29,379.2 30,941.9
do
2,705.4 2,725.5 3,667.2 2,418.8 2,486.4 2,549.7 2,485.2 2,797.0
2,666.1 2,683.2 2,617.9 2,376.4 2,395.4 2,504.6 2,440.0 2,760.8
2,653.8 2,546.9 2,576.5 2,584.1 2,547.9 2,642.7 2,392.3 2,692.2 2,603.9 2,784.7 2, 773. 1 2, 454. 7 2, 888. 5
do
118.9
582.2
78.4
877.8
114.0
602.9
72.5
854.4
86.0
561.7
77.9
792.0
89.8
584.1
73.3
811.5
90.3
594.1
74.5
811.6
70.3
570.4
82.9
789.8
88.6
617.4
79.5
961.3
88.4
642.6
164.1
943.1
96.6
676.2
92.1
870.8
107.1
639.9
88.6
880.1
87.7
613.5
81.3
855.4
127. 5
669.8
93.1
938.8
7, 174. 1 ' 625. 7 684. 6
200.8
2, 365. 0
193.8
188.2
2, 354. 9
203.7
641.5
203.5
191.8
531.2
190.1
192.1
533.0
191.7
204.3
590.9
198.3
190.0
600.3
201,9
169.6
634.3
213.4
202.5
618.1
197.7
218.1
615.4
186.0
189.6
600.7
213.4
196.2
630.5
208.8
196.6
695.0
222.6
236.7
11.3
40.7
10.8
32.0
4.9
36.0
1.8
35.4
3.4
38.2
5.9
29.2
1.5
25.7
1.1
32.1
2.9
29.0
2.5
35.3
1.0
39.3
2.9
26.6
1.4
47.0
891.3
955.4
346.9
49.2
'68.1
80.7
25.2
3.5
65.5
84.5
14.3
3.1
64.1
83.7
25.0
3.2
66.5
69.4
23.3
4.0
63.6
94.5
14.4
3.2
66.9
65.7
47.6
3.3
73.9
74.7
29.7
4.4
63.4
75.9
24.6
5.2
157.9
58.5
34.6
6.7
73.6
94.6
18.4
5.9
73.4
81.9
27.9
5.5
72.4
80.5
27.0
5.3
83.3
74.1
23.9
4.7
67.6
347.8
2,363.6
68.4
428.2
2, 695. 8
5.3
36.8
225.9
4.6
35.7
221.5
2.3
40.3
210.6
3.7
41.9
220.1
3.2
32.6
217.2
3.4
34.1
229.5
5.8
37.6
216.7
11.1
34.7
258.5
7.4
33.8
244.1
11.1
45.8
246.1
5.0
36.1
256.8
14.0
32.1
230.3
21.5
38.5
250.4
do
do
do
1, 007. 0
25.2
1, 673. 6
95.5
1, 025. 1
92.5
3.5
26.3
5.9
1, 076. 3 ' 163. 4 151.3
101.2
2.1
121.1
73 5
1.5
131.1
67.9
.6
152.2
71.6
.6
121.4
78.3
.3
129.4
78.6
2.5
161.8
86.0
1.1
136.3
102.3
2.5
117.1
87.0
2.7
124.7
84.4
1.1
130.8
98.2
3.2
161.6
do
do
do
908.8
972.9
60.2
41.7
1, 737. 1 1, 960. 3
82.4
77.7
5.2
3.4
163.5
' 173. 2
81.1
6.0
162.2
76.7
2.7
141.0
69.1
2.3
167.0
73.2
5.8
192.7
72.2
6.1
147.7
103.0
3.8
165.5
93.4
4.5
193.6
95.1
5.9
167.4
74.7
2.9
179.3
93.6
6.2
151.5
87.5
5.4
166.6
531.1
600.2
532.9
590.8
634.3
9 Inchides datei not sho wn separ ately.
618.1
615.4
600.7
629.5
695.0
do
do
do
do
115.3
1,348.5 1, 182. 3
6, 733. 3 7, 147. 2 ' 597. 5
805.3 1,016.1 '76.6
10,003.0 10,294.1 '.892.7
do
do
do
6, 661. 2
2, 268. 3
2,499.9
do
do
189. 1
401.0
66.1
426.4
do
do
do
do
654.2
929.3
238. 7
45.6
do
do
do
641.4
mil $
6, 660. 8 7, 172. 9 ' 625. 6 684.5
Revised.
cfNumber of stocks represents nuirnber cur rently used; the change in
number does not affect continuity of the series.
r
2,872.0 2,726.8 2, 726. 0 2, 673. 8 2, 983. 4
2,812.9 2,674.0 2, 666. 7 2, 639. 1 2, 944. 2
292
SUEVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
1966
Apr.
Annual
June 1968
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America— Continued
Latin American Republics total 9
Argentina
Brazil
Chile
Colombia
Mexico
Venezuela
Exports of U.S. merchandise, total
Excluding military grant-aid
Agricultural products, total
Nonagricultural products, total
mil $
do
do
do
do
do
do
do
do
do
do
By commodity groups and principal commodities:
Food and live animals 9
do
Meats and preparations (incl. poultry). .do
Grains and cereal preparations
do
4, 230. 9
244.1
575.0
256.0
287.1
1, 180. 0
598.0
4,562. 4
158.9
3, 189. 6
623.7
Crude materials, inedible, exc. fuels? _ _ _ _ d o
Cotton, raw, excl. linters and waste
do
Soybeans, exc. canned or prepared
do
Metal ores, concentrates, and scrap
do
3,070. 4
432.2
759.9
421.6
Mineral fuels lubricants etc 9
Coal and related products..Petroleum and products
351.3
17.3
40.9
21.2
13.4
101.2
55.6
336.5
18.3
38.3
20.9
16.7
103.6
48.6
346. 4
22.6
35.4
19.0
22.3
105.5
45.7
339.2
16.1
50.6
19.9
15.2
99.2
51.0
29,883.9 31, 147. 2 2,669.8 2,692.5 2,635.4 2,389.7
28,943.5 30, 555. 4 2,630.5 2,650.2 2,586.1 2,347.3
519.6
472.3
6,874,2 6, 383. 3 ' 524. 5 543.9
23,009.8 24, 763. 9 '2,145. 3 2, 154. 0 2, 129. 2 1, 929. 6
do
Beverages and tobacco
4, 126. 2
230.3
547.9
248.1
218.0
1, 223. 3
587.5
975.8
493.0
434.1
do
do
do
4, 064. 1
151.3
2, 681. 4
327.8
11.6
' 211. 7
333. 3
13.3
208.9
335.9
12.4
214.0
322.4
10.8
214.8
348.2
20.9
54.3
20.6
14.6
99.1
49.1
335.6
15.7
44.0
18.8
17.1
101.2
52.5
320.4
16.1
33.5
19.6
19.2
106.3
47.7
358. 6
20.2
56.5
22.8 .
15.3
109.0
50.5
362.9
18.5
58.6
24.0
25.2
99.8
50.3
329.9
18.6
46.5
18.3
21.9
94.7
45.8
359.4
16.1
48.4
21.1
23.3
118.8
49.3
358.4
14.6
41.2
32.2
29.1
120.5
47.1
402.3
19.7
61.2
18.1
26.2
111. 4
59.4
2,448.4 2, 518. 2 2,456.0 2, 765. 8 2, 841. 0 2, 697. 9 2, 695. 1 2, 635. 5 2,947.4
2,357.5 2, 473. 1 2,410 8 2,729.6 2, 781. 9 2, 645. 1 2,635.8 2, 600. 9 2, 908. 2
544.5
523.9
545.5
547.5
563.6
667.7
469.6
490.9
531.7
1,980.3 2,027.3 1,924.2 2, 098. 0 2, 277. 4 2,152.4 2, 147. 7 2,091.0 2, 423. 5
316.2
12.6
210.8
334.9
12.4
222.4
332.9
14.9
209.7
410.1
14.8
288.8
351.1
11.8
237.0
353.4
11.8
246.6
354.0
11.7
246.2
353.8
10.1
249.2
335.0
11.5
225.4
59.2
54.2
46.4
40.4
50.2
69.5
56.8
70.5
73.7
44.5
52.9
36.9
46.4
3, 280. 1 '263.3
463.8
34.2
771.6
'65.6
519.6
41.7
291.7
48.7
61.1
47.3
275.3
35.7
58.1
44.6
236.1
27.2
49.6
46.2
240.6
27.3
47.4
41.4
228.4
30.6
29.3
50.8
290.2
30.9
83.4
52.6
328.3
32.7
112.8
46.6
276.8
38.3
74.3
36.6
284.9
60.9
61.3
35.6
290.5
52.7
53.2
47.4
308.5
49.3
68.6
54.3
313.1
45.8
61.3
57.9
93.3
48.3
40.1
94.5
48.6
40.4
113 7
38.5
70.9
120.7
46.0
69.6
109.1
40.1
61.9
92.8
46.8
41.7
96.1
50.1
41.2
76.0
39.1
31.3
76.5
35.5
30.4
70.5
30.9
33.6
79.0
33.5
39.9
89.6
45.9
38.1
648. 7
1, 104. 4
501.3
538.9
'84.3
42.0
'38.5
338.1
Animal and vegetable oils, fats, waxes
do
356.8
29.2
32.1
38.9
29.9
22.7
26.2
24.7
27.9
19.8
15.5
26.2
24.3
23.2
Chemicals
do
2,674. 5
2,802.5 '234.0
249.0
240.2
220.7
232.7
235.3
218.6
244.9
242.6
235.9
238.4
257.8
292.5
Manufactured goods 9
Textiles
Iron and steel
Nonferrous base metals
do
do
do
do
3,433. 5
554.2
557.3
582.4
3,390.1
530.9
561.2
516.8
293.7
45.6
48.1
45.7
298.6
42.0
45.6
61.0
256.8
37.2
42.1
46.2
258.5
41.1
40.6
30.6
267.7
43,8
41.3
32.2
256.4
44.8
40.0
27.7
270.7
45.3
42.6
29.2
277.6
48.9
46.0
30.1
262.0
40.4
45.4
29.9
264.9
43.2
40.6
29.2
264.5
39.5
39.6
32.5
319.0
47.9
47.3
40.2
309.3
44.9
50.2
55.9
Machinery and transport equipment, total
mil. $„ 11,155.5 12, 573. 0 '1,111.7 '1,107.5 '1,078.9 '9^6 6 '908.6 1,017.7
630.9
37.4
22.8
85.4
168.1
618.4
35.8
29.6
78.0
169.9
664.2
35.4
26.2
77.6
176.5
717.7
40.3
31.7
91.5
188.1
675.3
49.8
30.9
77.3
182.2
679.0
53.0
26.9
82.2
173.5
669.2
47.6
25.5
80.3
178.7
785.3
56.8
35.5
99.4
200.8
3, 709. 7
2,386.3
4,525.2 ' 385. 4 ' 372. 0 '396.3 ' 310. 0 ' 310. 9
186.2
2, 733. 9 ' 238. 2 243.5
179.1
235.2
386.8
222.3
341.6
221.3
416.6
252. 0
524.9
281.1
485.2
278.3
484.1
259.0
405.2
249.1
488.6
290.3
do
1, 844. 2
1, 985. 9
174.2
172.0
162.3
156.9
159.2
167.0
160. 4
170.5
172.3
169.5
166.6
170.4
188.2
do
1,187.2
960.2
76.7
61.6
63.6
69.2
140.1
62.4
63.2
66.0
108.5
95.2
68.0
65.9
66.6
do
do
25,542.2 26, 815. 6
do
do
do _ _
do
978.8
5,276.4
593.5
7,857.2
do
do
do
do
do
7,445.8 8, 047. 8
628.3
614.7
337.9
338.8
969.1 1, 038. 0
1,900.1 2, 096. 9
Transport equipment, total
Motor vehicles and parts
do
do
Miscellaneous manufactured articles
Commodities not classified
General imports total
Seasonally adjusted
By geographic regions:
Africa
_
Asia
Australia and Oceania
Europe
Northern North America.
Southern North America
_
South America
By leading countries:
Africa:
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
North and South America:
Canada
_
Latin American Republics, total 9
Argentina
_ _
Brazil _
Chile
_
Colombia
Mexico
Venezuela.. _
'Revised.
726.3
64.1
32.9
95.8
185.6
740.0
71.9
28.9
97.3
182.1
2,090.9 2,222.0
2,226.0 2,139.9
682.7
54.0
31.5
82.9
183.9
637.0
50.3
31.3
84.7
164.8
2,269.8 2,126.9 2, 165. 5 2,111.8 2, 342.2 2, 435. 4 2, 431. 1 2, 735. 2 2, 448. 1 2, 558. 2 2, 755. 3
2,227.3 2,208.0 2,125.1 2,208.5 2,201.5 2, 375. 7 2, 524. 8 2, 615. 4 2, 601. 9 2, 612. 4 2, 640. 5
905.4
76.9
78.4
5, 352. 2 ' 421. 3 441.5
581.3
33.4
46.7
8, 232. 2 ' 608. 3 661.5
68.5
439.8
57.6
692.1
57.4
436.9
51.9
661.7
54.5
488.9
56.5
630.9
78.3
438.7
45.3
617.6
74.1
472.9
46.6
723.4
62.1
491.8
57.5
797.4
80.5
438.0
59.8
779.3
101.6
504.6
44.4
889.7
96.2
422.8
49.9
818.0
96.5
484.4
54.0
794.1
119.2
548.6
48.2
880.0
do_ - 6, 131. 4 7, 105. 0 ' 544. 5 629.0
169.7
1, 912. 1 1, 968. 2 ' 176. 5
do
do_.__ 2,785.3 2, 663. 4
209.8
214.9
643.8
173.6
201.5
563.5
136.1
218.9
578.9
146.8
207.8
573.3
134.1
223.5
637.2
150.1
237.0
644.0
161.3
220.8
668.3
176.0
228.7
732.2
206.5
255.5
634.4
176.2
250.3
697.9
197.7
233.4
720.5
190.5
246.5
.2
19.2
4.9
20.2
3.8
15.9
.2
11.5
.6
14.4
.1
23.9
.7
21.2
1.2
13.2
1.0
23.1
3.7
24.6
.7
17.3
1.6
26.9
2.0
31.5
411.5
297.6
54.8
195.6
181.8
380.5
2, 998. 7
35.1
23.4
4.1
'16.2
13.7
34.3
' 228. 6
20.3
23.9
3.6
17.0
14.3
20.7
248.7
43.6
22.4
3.4
12.0
12.7
36.1
251.6
32.8
21.0
2.8
10.0
16.0
36.0
251.2
34.8
29.0
4.2
16.4
18.5
41.2
269.8
31.0
20.5
4.5
18.8
14.5
29.3
251.6
32.4
26.1
2.9
17.5
15.2
28.6
280.2
48.3
27.2
3.9
21.8
14.7
23.6
294.6
46.5
25.0
6.7
18.7
17.1
42.7
221.3
31.2
28.4
5.0
21.0
12.6
26.3
297.6
38.7
23.1
4.3
19.0
11.8
25.6
230. 4
37.2
24.7
4.3
18.0
12.7
27.6
293.0
31.0
26.9
5.0
16.9
13.1
39.4
320.1
do
697.9
do
8.2
do
1, 795. 6
do
743.0
do
49.4
do____ 1, 786. 1
689.8
5.6
1,955.4
855.6
41.0
1, 709. 8
52.8
.2
131.7
66.1
2.4
123.5
54.5
.3
142.9
69.4
4.5
154.9
60.2
.3
166.1
70.4
2.5
139.3
60.7
.4
166.1
71.0
1.7
131.3
62.5
.3
142.0
77.3
3.8
136.4
46.1
.3
156.0
59.2
3.2
130.5
58.2
.5
182.5
79.2
2.9
137.4
67.5
.3
205. 9
82.9
2.7
158.6
61.7
.3
186.8
83.4
2.9
170.0
71.9
.5
231.5
85.7
9.2
165.2
69.1
.4
217.3
81.4
4.7
149.5
65.7
.2
197.8
83.8
6.8
146.9
76.8
.3
223.9
91.6
4.7
177.0
do
7, 099. 3 ' 544. 4
628.5
643.4
562.5
578.2
572.0
637.0
643.5
668.0
732.1
634.1
697.4
720.4
379.7
15.9
48.9
15.7
26.3
72.2
97.3
358.6
15.3
64.1
15.9
21.3
73.8
86.5
358. 8
15.6
43.1
18.7
17.2
81.2
95.8
376.9
15.9
62.7
33.8
19.5
83.8
71.0
do
do
17.6
249.0
14.9
227.0
do
do
do
do
do
do
do
398.6
327.0
67.8
176.7
179.0
397.6
2, 962. 6
do
do
do
do
do
do
do
6, 124. 9
3, 969. 9
148.8
599.7
229.1
244.8
750.2
1. 002. 4
9 Includes data not shown separately.
959.9 1, 080. 8 1, 242. 6 1, 160. 6 1,163.1 1, 074. 4 1, 273. 8
597.8
44.6
19.6
80.3
161.0
Machinery, total 9
Agricultural
Metalworking
Construction, excav. and mining
Electrical
3,853.2
140.3
559.0
175. 2
240.4
748.9
981.6
331.7
9.6
38.4
15.5
19.7
71.7
90.2
317.8
11.2
37.9
18.6
19.1
64.3
78.6
304.9
10.6
41.0
16.2
23.0
63.3
66.1
304.4
10.0
54.4
11.8
22.0
50.7
79.7
296.8
11.2
54.4
9.4
18.5
55.3
70.1
298.6
12.3
53.1
17.9
19.1
49.2
73.2
317.1
13.6
60.3
9.5
17.2
57.6
86.0
319.8
12.3
57.1
16.0
18.8
64.8
68.8
331.6
10.8
30.7
8.4
20.1
65.9
100.1
May
SURVEY OF CUEKENT BUSINESS
June 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition oi BUSINESS STATISTICS
1966
1967
1967
Apr.
Annual
S-23
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
General imports— Continued
By commodity groups and principal commodities:
4, 530. 5 4,472.1 ' 375. 6 336.1
358.4
357.8
430.8
415.2
410.8
344.5
329.9
379.0
438.2
369.1 378. 5
Agricultural products total
mil. $
21,011.7 22,343.6 1,715.3 1,886.3 1, 919. 0 1, 782. 8 1, 807. 7 1, 781 .6 1, 973. 1 2, 057. 0 2, 020. 2 2,304.4 2, 032. 9 2, 179. 3 2, 317. 0
Nonagricultural products, total
do
3, 947. 5
122.2
1,067.3
599.5
501.2
641.7
3, 265. 5
1,019.8
449.3
436.3
180.9
4,003.1
147.2
962.7
645.0
588.4
698.1
2, 964. 7
973.9
419.3
305.6
174.5
322.6
11.7
76.9
44.3
54.4
62.4
' 226. 4
62.7
32.4
25.2
>-13.7
296.2
5.5
77.4
43.1
37.4
55.5
250.7
92.6
35.0
23.5
14.3
337.2
9.9
75.4
51.5
59.7
51.4
282.2
117.0
35.8
24.9
9.6
327.6
8.8
80.5
59.6
63.8
38.3
224.0
79.7
30.7
23.0
9.0
331.7
4.8
83.0
61.1
56.3
39.9
276.5
98.1
35.5
23.6
15.8
310.3
4.7
71.8
57.7
56.0
51.8
234.3
71.2
32.5
23.7
12.7
347.0
6.7
90.6
61.4
42.3
69.8
248.9
88.8
34.8
20.8
13.2
335.0
9.5
82.2
54.9
37.3
73.8
256.4
86.1
38.3
26.2
17.1
357.0
14.4
63.9
58.2
64.3
81.7
254.4
86.0
33.7
28.5
16.6
366.5
21.0
100.1
57.2
25.2
74.2
254.7
70.1
35.3
32.9
16.8
356.9
13.9
110.5
52.9
35.2
64.2
225.3
53.7
35.7
31.6
14.0
333.4
4.3
78. 4
51.4
48.4
61.8
257.2
63.2
36.0
30.1
13.3
393.8
15.4
107.6
55.8
55.6
61.5
206.3
65.8
39.5
33.1
13.6
2,262.0
do
_ _ do __ 2, 127. 1
146.2
do
955.3
do
2,250.1
2,088.1
122.4
963.1
193,8
179.1
8.0
'83.6
194.7
181.1
8.2
85.1
176.9
163.7
6.2
76.1
165.3
153.5
7.2
70.7
158.3
147.4
9.1
82.9
169.9
154.3
8.9
69.6
185.4
174.4
10.2
73.1
167.8
152.6
12.8
87.8
212.5
199.8
11.4
82.0
237. 5
219.6
13.8
91.5
204.1
187. 6
14.7
86.8
220.3
204.4
9.2
96.9
193.9
176. 3
11.3
103.0
6, 352. 6
1, 305. 0
889.5
1, 551. 8
908. 5
6,386.7
1,372.8
863.7
1,562.3
811.9
' 490. 9
105.6
68.9
' 122. 4
69.8
551.7
122.4
79.3
127.1
69.8
527.5
114.2
77.8
124.8
61.3
493.2
110.8
69.9
105.0
60.4
513.2
116.9
70.8
100.9
69.3
536.1
106.7
68.5
139.8
60.5
549.8
115.4
76.7
137.1
65.7
628.0
145.6
71.6
167.6
70.8
570.0
121.0
71.3
155.6
66.6
681.5
128.4
72.0
224.6
86.2
610.0
123.8
61.1
198.7
70.2
686.6
145.6
70.9
220.1
74.5
760.2
168.1
79.0
244.5
85.7
Machinery and transport equipment
do
Machinery, total 9 _
_ _ __ do
Metalworking
do
Electrical
do
4,822.8
2, 612. 9
135.3
1,010.5
5,791.2
3,028.8
203.4
1, 139. 8
430.4
234.1
17.5
80.7
497.1
254.4
16.2
86.0
515.8
249.8
17.7
87.5
473.6
251.6
15.9
89.1
418.5
258.9
18.0
104.2
413.1
224.0
16.0
94.1
505.3
253.8
17.1
107.3
518.6
275.6
17.6
118. 8
562.6
266.0
17.0
95.1
671.4
305.3
.17. 8
101.7
586.2
263.1
16.1
90.0
577.4
267.2
15.4
99.9
617.8
305.6
20.0
118.9
Transport equipment
do
Automobiles and parts
do
Miscellaneous manufactured articles
do
Commodities not classified
do
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Quantity
1957-59—100
Value
do
Unit value
do
General imports: §
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 $
2,209.8
1, 617. 7
2, 282. 2
866.4
2, 762. 4
2,259.4
2, 567. 2
1, 060. 0
196.2
151.1
177.2
95.7
242.8
192.8
196.0
87.2
266.1
218.2
214.5
89.7
222.0
179.6
235.1
92.2
159.6
115.2
248.1
87.3
189.1
157.7
226.0
91.5
251.5
219.8
238.9
113.7
242.9
211.7
247. 7
107.6
296.6
257.1
216.6
82.8
366.1
322.3
247.3
96.8
323.1
273.9
213.5
86.3
310.2
256.5
236.9
78.5
312. 2
255.6
246.6
106.8
'154
168
' 109
159
177
111
Food and live animals 9
- Cocoa or cacao beans
Coffee
Meats and preparations
Sugar
_
Beverages and tobacco
Crude materials inedible, exc. fuels 9
Metal ores
_ _
Paper base stocks
Textile
fibers
Rubber. _ _
_
Mineral fuels, lubricants, etc
Petroleum and products.
_
Animal and vegetable oils and fats
Chemicals
Manufactured goods 9
Iron and steel
Newsprint
Nonferrous metals
Textiles
do
do
do
do
do
do_ _
do
do_
do
do
do
_ do _
do
do
do
do
150
166
111
rl65
••182
'111
180
182
101
?165
v 182
v 111
165
184
112
189
188
99
185,978
* 18, 570
187,973
18, 642
14,948
1,601
16, 058
1,607
16, 570
1,572
17,216
1,500
16, 892
1,450
16,368
1,507
16,827
1,454
18,364
1,696
15, 602
1,606
14, 280
1, 520
14, 114
1,547
14, 668
1,464
266, 074
17,319
254, 599
17, 415
20, 132
1,348
22, 646
1,426
22, 810
1,484
19, 429
1,396
21, 092
1,450
18,996
1,352
22, 686
1,487
20,861
1,567
23,312
1,539
22, 856
1,740
19, 597
1,571
22, 416
1,605
118.6
104.0
41.0
8.4
6.2
112.0
102.6
41.3
7.9
5.7
120.5
119.6
45.3
9.0
6.4
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total):
Operating revenues, total 9 __
mil. $
3,707
3,672
Transport, total 9 do
Passenger
do
3.261
Property
do
242
U.S. mail (excl. subsidy)
do
91
Operating expenses (incl. depreciation) do
3,250
Net income (after taxes)
do
240
Operating results:
Miles flown (re venue) _ _ _
mil
1, 010. 9
Express and freight ton-miles
flown
do
1, 081. 7
Mail ton-miles flown __
do
282. 4
Passengers originated (revenue)
do
81.1
Passenger-miles flown (revenue)
_"_ _bil. I
57.1
Express Operations (qtrly.)
Transportation revenues
mil $
430.8
Express privilege payments
do
111.7
Local Transit Lines
Fares, average cash rate
Passengers carried (revenue)
cents
rm'L_
21.9
6,671
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total):
Number of reporting carriers
* 1, 148
Operating revenues, total
mil $
7,849
Expenses, total
do
7,457
Freigh t carried (re veniiey_"_"_7_"
mil " tons' "
462
4, 470
1,122
1,112
987
72
26
990
77
3,936
104
4, 059
244
1, 274. 5
1, 285. 9
393.4
99.3
71.3
100.1
108.8
28.2
8.0
5.5
105.2
114.4
29.4
7.9
5.4
423.1
103.6
22.6
6,616
105.4
117.4
28.9
9.2
6.7
110.5
100.3
27.8
8.8
6.8
113.1
113.8
31.8
9.7
7.4
108.8
29 0
22.2
562
22.3
592
22.4
553
1 226
1,983
1,917
126
niii^f7 Sfl'e K P Prellmmary' As compiled by Air Transport Assn. of America.
2 Ex3 For the lst quarter 1967
riPfprrJ ,?ri oa/gage JeVin2?SV
' Payments of $2.6 mil. were
deferred until 2d quarter 1967; for the 3d quarter 1967, payments of $1.4 mil. were deferred
1 188
1,178
1 056
r
70
20
1,040
r
88
109.4
113.4
33.5
8.3
6.0
1 1, 130
1989
1271
133
1 1 076
122
114.1
114.9
38.8
8.3
5.8
109.9
110.2
40.3
8.0
5.5
104.3
23. 7
23 0
524
23.1
544
95.8
22.2
108.8
26.9
3
22.8
492
117.5
114.3
55.4
8.6
6.4
23.1
578
23.1
559
23.2
546
23.3
561
23.3
540
23.4
568
23.5
568
1 213
2,094
1,992
________
120
4
until the 4th quarter 1967.
Number of carriers filing complete reports for the year.
9 Includes data not shown separately.
§ Publication of data beyond 2d quarter 1967 withheld pending revision of comparable
back data.
' Corrected.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Apr.
Annual
June 1968
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
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. $-_
E xpenses total
do
Passengers carried (revenue)
mil-
161.2
156.0
154.0
160.2
1156
641.0
545.8
223.2
154.4
156.8
' 152. 8 '139. 1 ' 148. 2 ' 151. 9 ' 150. 4 '153.9
r 152. 3
162
162.8
145.3
55.8
161
203.7
161.9
62.2
'153.3 ' 156. 4 ' 160. 1 «• 163. 3 ' 165. 8
162.1
163.4
Class I Railroads
Financial operations (qtrly.):
Operatin^ revenues total 9
mil $
Freight
do
Passenger
do
Operating expenses
do
Tax accruals and rents
do
Net railway operating income
do
Net income (after taxes)
do
Operating results:
Ton -miles of freight (net), revenue and nonrevenue (qtrly )
bil
Revenue ton-miles
do
Revenue per ton-mile (qtrly. avg.)
cents __
Passengers (revenue) carried 1 mile (qtrly. )_ .mil. _
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
Aliens' Arrivals
do
Departures
do
1
Passport * issued and renewed
do
National parks, visits
do
Pullman Co. (qtrly.):
Passenger-miles (revenue)
mil
Passenger revenues
mil $
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating re venues 9
mil. $
Station revenues
do
Tolls message
do
Operating expense (excluding taxes)
do
Net operating income (after taxes)
do
Phones ifi service PTI^ of period
mil
Telegraph carriers:
Domestic:
Operating revenues
mil $
Operating expenses
d.o
Net operating revenues (before income taxes)
mil. $..
International:
Operating revenues
do
Operating expenses
_ . do
Net operating revenues (before income taxes)
mil. $..
10, 661
9,286
544
8,122
1,490
1,048
'906
10,366
9,130
485
8,203
1,485
677
322
2,628
2,312
121
2,069
380
179
143
2,529
2,217
131
2,038
363
128
78
5 -17
750.5
738.3
1.257
17,095
731.6
719.4
1.269
15,201
186.8
184.0
1.257
3,793
179.1
174.9
1 268
4,274
185.7
182.6
1.301
3,566
251.4
2
10.03
62
115
10.59
61
116
10.98
67
123
10.41
64
128
11.06
63
123
9.93
55
109
11.12
63
112
10.97
64
120
11.40
68
112
11.24
59
110
9.91
48
119
10.73
56
103
10.83
61
116
10.48
64
129
11.64
63
117
3,881
3,759
2,413
2,040
1,548
38,490
4,387
4,338
2,773
2,358
1,686
39,538
308
328
206
157
197
1,711
352
365
223
190
224
2,417
402
537
236
217
219
5,674
455
565
319
247
165
8,814
656
475
316
291
144
8,595
434
365
306
243
100
3,892
360
296
248
226
83
2,725
292
249
197
172
79
1,534
278
298
196
204
75
922
320
322
206
154
128
832
306
334
169
138
143
1,082
176
1,366
213
2,112
1,969
33.80
1,434
24.57
358
6.11
385
6.47
288
5.02
272
4.64
12, 905
6,699
4,761
7,713
2,317
86.0
13, 847
7,090
5,170
8,319
2,488
90.2
3,445
1,764
1,291
2,067
618
87.8
3,477
1,773
1,303
2,051
643
89.0
3,568
1,822
1,332
2,153
642
90.2
3,634
1 852
1,358
2,156
662
91 6
319.3
275.5
335 0
291.9
85.3
73 4
83.5
74.0
84.6
72.6
86.3
74.8
24.9
24.2
70
4.6
8.3
6.0
121.4
90.4
132.3
101.4
33.1
24.8
33.3
25.4
34.8
27.2
35.8
27.1
27.1
26.2
7.1
6.8
6.0
7.2
2,673
2,375
116
2,069
378
226
2,610
2,349
105
2,079
383
148
54.3 2 3 71. 6
2
57. 7
261.6
235
2,881
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene
mil cu ft
Ammonia synthetic anhydrous thous sh tons
Carbon dioxide, liquid, gas and solid
do
Chlorine, gas (100% Ch)
do
Hydrochloric acid (100% HC1)
do
Nitric acid (100% HNOs)
do
Oxygen (high purity)
mil cu ft
Phosphoric acid (100% P20s)
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 anhydrous
thous sh tons
Sodium sulfate anhydrous
thous sh tons
Sulfuric acid (100% H3S04)
do
r
2
16, 598 4 14 570
10 622 4 11 869 6
1, 089. 0 1,172 8
7,205 2 7 658 0
1, 519. 4 * 1 597 7
5, 514. 4 6 121 8
212 751 4 224 592
4 548 6 4 764 3
1,029
1 280 1 220 1,069
991 4 1 072 8 1 002 0 967 6
109.8
92 9
112.9
103 6
647.2
624 1
613 0
646 7
125.
9
120.8
133 2
134 2
531 9
515 4
446.3 457.5
17 617 18 557 17 397 17 656
353 6
410 6
408 4
345 0
408 7
5 089 7 4 827 9
421 7
404 0
141 5
11 2
10 7
10 1
131 3
642 9
643 5
673 0
7,616 5 7 891 4
623 3
45 1
43 6
55 3
605 3
'1 445 1 *1 386 6
122 4
109 6
115 2
28 477 3 4 28 197 2 2460 1 24260 2 196 2
Revised.
1 Number of carriers filing complete reports for the year.
3
Preliminary estimate by Association of American Railroads.
Data cover 5 weeks;
other months, 4 weeks.
«Annual total reflects revisions not distributed to the monthly
1,162
950 7
115.3
619 3
127 6
493.4
18 932
357 9
1,230
1,234
1,146
925 9 1 0229 1, 024. 7
98.2
83.7
104.5
653.7
666.7
621.8
138.2
139.1
133.5
521.7
504.8 532.0
18660 19, 258 20, 570
415 3
414 3
367 6
1,273
955 8
81.6
695.5
146 9
521.5
21, 511
455 1
393.9
402 4
407.4
433 5
378 0
398 1
11.2
10.8
11 1
10 3
11 6
97
679.2
681.9
662 3
643 1
708 8
644.0
525
53 3
55 4
50 6
49 0
50 7
121 1 120 6
119 2
102 2
115 8
113 7
2 1153 2 259 6 2 172 1 2 381.5 2, 442. 3 2 592.6
1,278
990.6
81.1
661.9
126.7
499.3
20, 895
412 5
1,289
r 1,241
' 973. 3 1, 063. 5
'69.6
72.7
' 649. 8 698.2
r 132. 0
148.1
538.9
591. 5
'21,114 21, 802
432.6
455.8
364.0 342.1 349.8
12.6
11.6
10.5
724.9
672.1 ' 666. 3
51.4
55.2
38 1
134 6
114 4
110 7
2,284 3 '2,380.8 2, 476. 8
data. 5 Reflects adjustment of -230 mil. dol. for extraordinary items,
shown separately.
9 Includes data not
SURVEY OF CURRENT BUSINESS
June 1968
1966
Unless otherwise stated, statistics through 1966
and descrintive notes are shown in the 1967
edition of BUSINESS STATISTICS
S-25
1968
1967
1967
Annual
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb. 1 Mar.
Apr.
May
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Organic chemicals, production:^
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
T_
mil.lb-. il,600.9 11,556.4
34.1
30.5
do
1
114. 7 i 116. 5
mil. gal__
129.7
2.9
11.4
135.0
2.5
9.1
135.8
1.7
9.5
140.1
2.2
9.2
131.8
2.2
9.9
127.0
2.8
9.9
131.5
3.3
9.0
123.4
2.8
9.9
144.0
2.1
133.3
2.6
7.2
136.5
2.6
9.5
140.1
'2.9
9.9
123.7
2.7
9.6
141.5
102.8
mil. Ib
i 121. 6
138.9
do __
13,627.1 3.686.2
do
9.4
12.4
308.9
9.7
12.8
319.5
7.0
14.2
295.4
9.6
10.1
281.2
10.5
11.2
299.0
5.7
9.4
289.8
4.4
9.4
324.4
6.6
14.9
320.6
10.1
12.7
335.1
11.7
13.5
313.8
11.5
10.5
337.6
12.6
13.5
340.4
10.8
9.5
343.6
353.8
32.6
i 520. 2
715.3
31.0
27.2
39.6
59.8
33.3
27.7
45.9
60.4
28.1
29.4
45.7
55.0
26.8
27.9
41.9
52.8
24.8
22.3
44.9
61.0
25.7
21.4
39.5
65.1
32.4
25.0
41.9
63.0
32.6
30.4
44.6
62.7
30.8
32.6
48.3
66.2
30.8
36.0
45.4
51.0
29.4
36.7
46.5
58.2
34.1
'42.1
46.8
59.7
28.8
37.5
49.9
60.8
659.6
204.0
570.0
74.7
685.0
218.4
556.1
79.0
52.6
209.5
39.8
6.5
63.1
214.4
49.2
7.0
57.2
216.0
45.6
6.8
54.1
221.9
48.5
5.3
55.2
221.8
49.7
6.5
57.4
218.6
43.3
7.1
66.3
219.5
44.1
8.4
59.5
208.7
44.2
8.4
57.2
218.4
41.6
6,2
56.8
220.0
44.0
6.4
52.2
223.3
43.8
5.0
55.2
223.9
41.8
5.8
307.3
310.0
3.5
300.1
298.7
4.9
21.5
21.7
3.6
26.5
26.1
4.0
24.5
25.0
3.6
26.1
25.7
4.0
26.8
26.8
4.1
23.3
23.1
4.4
23.7
24.0
4.1
23.8
23.6
4.4
22.9
22.4
4.9
23.7
22.9
5.7
23.5
23.8
5.3
22.7
24.1
3.9
14, 219
2,303
10,018
1,000
15,294
11,629
11,025
1,119
1,171
40
943
77
1,311
153
947
87
1,360
95
959
76
1,111
68
855
53
1,354
111
940
98
1,194
218
773
109
1,501
334
963
115
1,343
128
943
71
1,428
159
947
106
1,419
175
935
91
1,324
121
948
127
1,417
162
1,077
79
1,584
229
1,132
115
154
160
2,382
321
177
168
2,711
218
28
19
308
22
21
5
207
21
12
3
154
39
10
2
121
24
10
15
264
16
12
8
293
5
16
13
171
2
17
13
328
18
11
9
188
11
18
20
467
16
18
17
378
8
28
31
473
30
46
11
498
16
3,991
4,034
611
319
217
145
298
380
385
267
259
336
411
4,450
624
4,695
726
429
534
404
575
358
635
299
710
337
726
362
682
407
597
411
658
398
726
356
697
365
704
'405
'615
377
506
365.6
do
26.0
do
i 485. 6
mil gal
mil. lb_. i 674. 8
ALCOHOL
Ethyl alcohol and spirits:
Production
mil. tax gal
Stocks, end of period
_ _ _ _
do __
Used for denaturation
_ _ _
_do
Taxable withdrawals
do
Denatured alcohol:
Production
__mil. wine gal__
Consumption (withdrawals)
do
Stocks, end of period
_ _ _ _ _ do
FERTILIZERS
Exports, total 9
_
thous. sh. tons
Nitrogenous materials.. __ __ _ _•
_ do
Phosphate materials ~
do
Potash materials
__
do ..
Imports:
Ammonium nitrate
Ammonium sulfate
Potassium chloride
Sodium nitrate
do
do____
do
do _ _ _
> _
Potash deliveries (K20) .
do
Superphosphate and other phosphatic fertilizers
(100%P2O5):
Production
_ _ _ .
_ thous. sh. tons
Stocks, end of period
do
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
Black blasting powder
mil Ib
High explosives. _ _
do
.5
.4
1, 753. 1 1, 708. 5
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil $
Trade products
. _
do _
Industrial
finishes
do
2, 364. 4
1, 312. 4
1, 052. 0
2, 450. 1
1,373.1
1, 077. 0
208.6
121.1
87.5
231.7
134.4
97.3
250.4
146.7
103.7
214.8
134 2
80.7
248.2
146.8
101.5
210.4
120.1
90.3
204.8
109.3
95.4
188.0
96.9
91.0
155.6
78.6
76.9
177.6
89.7
87.9
186.2
100.9
85.3
211.0
116.4
94.6
Sulfur, native (Frasch) and recovered:
Production.
thous Ig tons
Stocks (producers'), end of period- .
.do __
1 8, 243
2,704
8,258
1,954
696
2,405
719
2,349
668
2,215
716
2,278
695
2,244
673
2,263
699
2,231
678
2,123
702
1,954
681
1,996
646
2,011
699
2,046
mil. lb__
i 190. 6
i 171. 9
13.8
15.1
14.2
11.6
12.5
12.7
12.8
13.9
14.9
12.3
15.4
15.3
Thermosetting resins:
Alkyd resins
do
Coumarone-indene and petroleum polymer
resins
mil Ib
Polyester resins _. _
do
Phenolic and other tar acid resins
do
Urea and melamine resins
do
i 614. 0
1585.9
47.6
52.3
52.8
46.1
53.1
50.1
50.8
47.8
44.0
48.4
49.8
53.9
54.0
i 333. 5
453.3
i 982. 6
1632.8
i 289. 9
489.7
i 953. 7
i 645. 4
24.9
40.1
80.6
51.2
19.0
46.4
80.8
51.3
25.4
41.8
80.0
56.6
20.5
35.7
67.3
42.8
20.8
44.0
80.7
57.9
29.0
39.4
79.3
60.2
22.9
42.1
87.2
60.6
24.9
42.4
84.2
57.4
27.4
44.9
76.0
52.8
24.8
39.6
82.3
51.9
29.7
45.6
83.1
55.2
28.1
49.1
87.6
60.3
31.0
54.2
83.7
58.3
Thermoplastic resins:
12,397.2 12,365.4
Styrene-type materials (polystyrene) mil. Ib
Vinyl resins (resin content basis)
..-do ,__ i 2, 670. 0 12,599.4
Polyethylene
do
13,558.7 3, 761. 9
207.9
215.9
320.5
208.5
211.8
316.1
192.3
212.2
309.8
169.8
167.7
299.7
190.2
203.1
291.8
189.8
221.5
296.6
203. 6
228.5
321.3
213.9
235.4
311.4
208.7
233.2
360.3
193.4
219.9
334.4
189.8
218.3
343.7
220.2
235.9
334.1
224.2
237.1
351. 6
.1
456.2
.1
442.0
1
403.9
2
330.9
PLASTICS AND RESIN MATERIALS
Production:
Cellulose plastic materials
14.2
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. kw.-hr__ 1,249,444 1,314,299 102, 172 106, 582 111, 704 114, 428 118, 321 107, 159 109,498 109,818 115,905 121, 305 112, 970 114,845
Electric utilities, total
By fuels
By waterpower. _
Privately and municipally owned util
Other producers (publicly owned)
Industrial establishments, total
By fuels
_ _
By waterpower
r
do
1,144,350 1,211,749 93. 654
do . 949, 594 991, 706 76, 199
do
194, 756 220, 043 17, 455
97, 727 103, 007 106, 019 109, 753
78, 524 84, 505 87, 106 91, 088
19, 203 18, 502 18, 914 18, 666
98, 939 100,864 101, 288 107, 340 112, 565 104, 531 105, 887
81, 658 82,989 82,781 86, 503 92, 325 86, 615 87, 024
17, 281 17, 874 18,508 20, 837 20, 240 17, 915 18,864
do
do
210,886
985, 580
226, 169
75,546
78, 747
18, 980
83, 772
19,235
85, 836
20, 184
89, 231
20, 522
80, 731
do
do
do
105, 094
101, 912
3,182
102, 549
99, 203
8,220
8,518
8,854
8,524
8,697
8,408
8,409
298
330
8,568
8,320
933, 464
3,346
18, 108
Revised.
i Revised annual total; revisions are not distributed to the monthly data.
1
306-294 O - 68 - 'S 2
289
8,183
226
248
18,208
8,220
8,001
219
82, 784
18,079
8,635
8,369
266
82,860
87, 361
18, 429
19,979
91, 866
20, 699
84, 976
19, 555
85,345
20,542
8,529
8,259
8,565
8,740
8,439
8,957
270
8,251
314
8,421
319
8,155
284
8,651
306
cfData are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
SURVEY OF CUEEENT BUSINESS
S-26
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
Apr.
Annual
June 1968
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
ELECTRIC POWER AND GAS—Continued
ELECTRIC POWER— Continued
Sales to ultimate customers, total (EEI) mil.kw.-hr. 1,038,982 1,107,023
Commercial and industrial:
225, 878 242, 492
Small light and power§
__do
465, 077 486, 043
Large light and power §
_
do
88, 105
87, 585
90, 587
94, 197
97, 963
95,646
92, 564
91, 635
95, 386 100,952
98, 707
18,705
39, 530
18, 679
40, 304
20, 343
40, 991
22, 196
40, 130
23, 056
41, 913
22, 310
41, 507
20, 868
41, 724
19, 708
41, 308
20, 047
41, 216
20, 851
41, 851
20, 526
41, 380
4,572
331, 525
9,863
29, 426
3,102
376
26, 142
772
2,376
204
370
24,885
726
2,316
306
337
25, 510
702
2,405
301
336
28, 166
713
2,341
315
351
29, 130
754
2,437
321
338
27, 948
794
2,436
314
355
25,939
876
2,494
307
389
26, 513
915
2,525
278
434
29, 782
962
2,669
277
458
33,924
960
2,626
283
432
32, 603
901
2,593
273
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
- __
4,514
do_ _.
306, 572
do
9,240
-do
25, 922
do
1,779
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. $-- 16, 196. 1 17,222.7 1, 370. 4 1, 362. 4 1, 416. 3 1, 481. 4 1, 523. 6 1,496.5 1, 444. 5 1,423.4 1,473.0 1, 545. 5 1, 519. 0
GAS
Manufactured and mixed gas:
Customers end of period total 9
Residential
Industrial and commercial
thous
do
do
670
628
41
668
625
42
672
629
42
666
624
42
668
625
42
mil therms
do
do
1,386
807
562
1,456
836
609
311
176
131
175
68
106
409
229
174
127.9
83.5
43.1
131.2
83.8
46.5
29.0
18.5
10.2
16.8
8.9
7.8
36.4
22.8
13.1
thous
do
do
38, 184
35,057
3,082
38,938
35, 746
3,146
38,073
34,991
3,037
38, Oil
34,977
2,990
38,938
35, 746
3,146
mil therms
do
do
127, 524
40, 959
80, 890
133, 115
42, 718
86, 605
31, 225
9,194
20,931
24, 595
3,684
19, 578
34,368
10,997
22, 012
Revenue from sales to consumers, total 9 __mil. $__ 7, 745. 2 8,087.0
4, 108. 2 4,277.7
Residential
do
3, 433. 8 3, 678. 3
Industrial and commercial
do
1, 868. 3
962.6
865.8
1, 245. 1
484.2
719.6
2, 091. 1
1, 099. 0
942.4
Sales to consumers total 9
Residential
Industrial and commercial
Revenue from sales to consumers, total 9 -mil. $__
Residential
do
Natural gas:
Customers end of period total 9
Residential
Industrial and commercial
Sales to consumers total 9
Residential
Industrial and commercial
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
mil. wine gal__
Taxable withdrawals __ _
mil. tax gal__
Stocks, end of period
do __
Imports
mil proof gal
Whisky:
Production
mil. tax gal-Taxable withdrawals
do
Stocks end of period
do
Imports
_ _ _
mil. proof gal__
Rectified spirits and wines, production, total
mil. proof gal_ _
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production__mil. wine gal__
Taxable withdrawals
do
Stocks, end of period
do
Imports
_ _ _
-do
Still wines:
Production. _ _ _ _ _ _
_ _ _ _ _ _do
Taxable withdrawals
do
Stocks, end of perioddo _
Imports
_ _ _ __do
Distilling materials produced at wineries— -do
113. 04
104. 26
10.57
116. 55
106. 97
10.77
10.77
9.18
12.88
11.26
10.20
13.04
11.21
10.51
12.83
10.64
9.63
13.03
10.74
10.48
12.48
8.89
8.67
11.94
9.00
8.28
11.83
8.37
8.12
11.30
8.47
8.33
10.77
9.05
7.58
11.52
'8.57
7.48
11.94
10.10
8.95
12.36
191.14
211. 74
18.18
20.27
16.50
11.14
13.83
16.80
20.58
20.73
19.94
18.33
16.49
17.63
308. 92
144. 73
880. 46
60.30
324. 81
148. 20
904. 58
68.17
23.66
11.70
895. 69
4 90
27.99
13.46
899. 46
5.19
27.52
12.95
900. 43
5.56
22.55
9.40
900. 14
4.04
26.46
13.27
897. 62
4.89
25.80
12.77
898. 03
5.76
28.94
16.07
897. 34
7.80
33.94
15.20
899. 16
8.54
37.98
11. 05
904. 58
7 42
23.22
10.97
909. 39
4 76
24.62
10.07
912. 89
5 00
10.52
917. 15
5 17
6 20
128. 51
94.58
835. 46
52.20
153. 78
97.02
856. 66
59.70
14.10
7.54
850. 06
4.32
15.47
8.21
854. 57
4.49
10.98
7.60
855. 37
4.88
7.68
5.44
855. 62
3.50
9.91
8.29
854. 32
4.27
12.10
8.73
854. 33
5.04
14.58
11.69
853. 34
6.94
14.83
10.74
853. 74
7.67
12.76
7.21
856 66
6.58
13.08
7.19
860. 36
4.22
13.57
6.88
864. 53
4 48
14.36
7.24
868 98
4.60
5.35
101. 08
67. 14
108. 13
67.20
8.69
5.32
9.67
5.93
9.38
5.82
6.47
3.87
9.13
5.56
9.84
6.45
11.82
7.78
12.17
7.90
8.63
5.17
8.31
4.70
6.90
4 16
7.60
4 31
8.75
7.40
3.75
1.64
10. 18
8.74
4.O)
1.92
.71
.52
4.64
.13
.81
.65
4.69
.15
.94
.68
4.87
.14
.49
.48
4.86
.10
1.01
.63
5.14
.10
.80
.76
5.09
.10
.85
1.11
4.75
.24
1.00
1.20
4.46
.28
1.04
1.12
4 30
.23
.98
.60
4 62
.15
1.07
56
5 07
13
1.12
78
5 35
14
.15
218. 38
165. 80
265. 11
16.34
217. 36
174. 84
272. Oi
* 17. 46
2.88
13.59
212. 49
1.35
2.63
13.82
201. 75
1.51
3.14
14.94
187. 41
1.41
1.84
10.12
177. 28
1.17
3.59
15.44
165. 28
1.27
31.43
14.69
177. 92
1.51
106. 20
16.69
263. 56
1.69
47.77
16.61
285. 85
2.24
7.93
14.45
272 03
1.88
3.88
15.11
258 34
1.37
2 83
14.51
243 08
1 27
2 92
18.42
227 77
1 30
1.68
391. 14
361.34
3.28
10.65
7.41
2.29
8.90
62.10
161. 94
58.10
19.98
10.50
3.18
3.84
1 233 4
168 6
.675
120.0
102.9
.672
129.1
151.2
.673
129.5
191.6
.672
104.9
228.5
.672
86 2
233.2
.681
75.3
212.4
.677
84 6
200.5
.676
82 2
186 2
.675
92 4
168 6
.686
108 1
163 5
.673
101 9
173 0
.673
1 897 3 170.5
1 271.5 119.1
187.3
131.1
192.0
137.4
172.4
120.6
159.4
108.6
140.8
90.8
138 1
87.2
132 0
81 0
148 0
92 5
147 7
95 1
142 7
94 4
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, 112. 0
do
32.3
$ per lb__
.672
mil. Ib
_do _
Stocks, cold storage, end of period
do
American, whole milk
__do
Imports
do
Price, wholesale, American, single daisies (Chicago)
_
__$ per lb__
'Revised.
1,855.5
1,220.6
372.7
322.2
135.5
390 3
344.0
i 151 8
387.4
335.1
15 7
408.0
355.4
11.7
438.6
384.8
18.4
453.3
399.8
12.0
457.8
404.1
7 2
439.5
386.1
7.6
419.7
370.0
85
401 8
354 3
93
390 3
344 0
13 9
372 9
326 3
93
361 0
312 3
8 7
.527
.521
.518
.518
.522
.524
.518
.518
.518
.518
.529
.530
.528
1 Annual total reflects revisions not distributed to the monthly data.
113 5
106 1
176 4 f 180 1
.672
.673
176 7
121 0
161 2
106.0
r
352 5
304 6
91
.522
196 8
r
r
363 4
315 0
9 5
395 7
343 4
.550
.553
§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 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
S-27
1968
1967
Annual
Apr.
May
June
Aug.
July
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS— Continued
Condensed and evaporated milk:
Production, case goods:
128.6
Condensed (sweetened)
mil. Ib
1, 696. 1
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of period:
11.6
Condensed (sweetened)
mil. Ib
192.9
Evaporated (unsweetened)
do
Exports:
92.9
Condensed (sweetened)
do
38.4
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
6.73
Evaporated (unsweetened)
„$ per case__
Fluid milk:
119,892
Production on farms
mil Ib
56, 398
Utilization in mfd. dairy products
do
4.81
Price, wholesale, U.S. average
$ per 1001b__
Dry milk:
Production:
94.4
Dry whole milk
__ _ __ _ _ mil. Ib
1, 595. 1
Nonfat dry milk (human food)
__do
Stocks, manufacturers', end of period:
6.9
Dry whole milk
__do
118.2
Nonfat dry milk (human food)
do
Exports:
16.4
Dry whole milk
_do
170.3
Nonfat dry milk (human food)
do
Price, manufacturers' average selling, nonfat dry
.182
milk (human food)
$ per lb__
63.7
1, 498. 9
66
146 5
6.9
167.2
6.2
173.3
7.9
152.0
3.4
141.9
3.2
115.5
4.3
97.0
5.9
85.0
7.8
92.9
3.3
86.5
7.4
85.8
8.7
96.7
80
125.6
5.8
190.2
98
124 0
11.0
174.2
12.0
228.6
14 4
266.8
13.6
281.8
10.4
292.2
8.7
265.3
8.9
219.2
5.8
190.2
54
142.2
82
104.0
8.2
78.1
64
58 6
28.6
33.8
7.3
2 2
7.0
2.3
5.2
3.6
.1
3.2
(i)
1.4
(i)
2.3
(i)
2.5
1.0
2.5
6.0
2.6
9
33
1.5
2.3
27
25
4 7
39
7.05
7.05
7.05
7.05
7.05
7.05
7.06
7.06
7.06
7.06
7.06
7.06
7.07
7.22
119, 294
59, 578
5.02
10, 734
5 558
4.79
11, 470
6 134
4.75
11, 095
6,379
4.67
10, 315
5,599
4.79
9,709
4,984
4.96
9,124
4.173
5.20
9,167
4,137
5.31
8,814
3,875
5.36
9,299
4,198
5.29
9 608
4 633
5.27
9,249
4,610
5.20
10 269
5 038
5.08
10 460
5 530
'5,03
82.8
1, 694. 2
8.8
173.0
10.2
195.1
7.2
202.4
8.2
157.5
5.1
130.1
4.7
100.3
5.4
100.8
5.7
100.6
6.1
123.9
6.9
128.9
7.3
129.1
7.7
145.5
83
169.2
8.8
118. 4
10.9
' 137. 6
7.2
111.8
r
'6.6
99.9
6.1
'98.7
6.6
84 6
6.6
79.3
6.3
76 8
76
89 6
r
6.1
98. 7
T
r
9.4
156. 9
r
10.2
161. 2
r
8.6
151. 0
T
7.4
133. 9
r
12.8
140.9
.8
7.2
1.2
16.2
.9
32.1
.7
13.4
.8
7.4
.7
19.3
1.2
4 7
1.1
35
1.1
2.5
1i
41
.7
6.2
15
67
11
43
.199
.199
.199
.199
.199
.198
.199
.200
.199
.198
.198
.198
.199
.227
1,245.4
87.6
86.5
91.7
98.7
106.1
121.8
105.5
152.5
121.2
116.7
122.8
122.3
109.6
11 283
5.02
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat) _ _ .mil. bu._ 1, 590. 3
Barley:
Production (crop estimate).
Stocks (domestic), end of period
On farms..
_
Off farms
Exports, including malt§ ___ _
Prices, wholesale (Minneapolis):
N o . 2 , malting _ _ _ _ _
No. 3, straight
Corn:
Production (crop estimate, grain only)
Grindings, wet process
2393.2
294.4
179.1
115.2
63.6
2 370. 2
301.6
182.9
118.7
40.2
3.0
4.9
3121.8
357.0
3
64. 8
5.2
7.9
2.3
380.0
230.6
149.5
3.1
29
4 0
301.6
182.9
118.7
3
11
4.8
$ p e rb u
_ do _
1.35
1.33
1.30
1.29
1.32
1.31
1.35
1.33
1.33
1.31
1.32
1.29
1 31
1.30
1.26
1.26
1 26
1 26
1 25
1 24
1 20
1 20
1 23
1 24
1.24
1.25
mil. bu_
do
2 4, 117
203.6
2 4, 722
207.2
16.7
18.1
18.2
16.1
18.6
18.4
19.2
17. 1
15.9
18.2
3,677
2,899
779
616.6
4,217
3,353
864
515.3
35.4
31.7
1,743
1,337
406
34.0
28.0
1.34
1.31
1.27
1.25
1.36
1.32
1.37
1.33
1.35
1.33
1.28
1.26
2801
662
557
105
2782
648
543
104
do_ _
.do
do
do ___
do
Stocks (domestic), end of period, total. _mil. bu_.
On farms
do
Off farms
_ _ _ _ do
Exports, including meal and
flour
do
Prices, wholesale:
No. 3, yellow (Chicago)
_ _ $per bu__
Weighted avg., 5 markets, all grades. _ _ _ d o
Oats:
Production (crop estimate)
Stocks (domestic), end of period, total
On farms
mil. bu .
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. lb_.
Shipments from mills, milled rice _ _ _ _ _ _ d o _
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. lb__
Exports
do
Price, wholesale, Nato, No. 2 (N.O.)
$ per lb__
Rye:
Production (crop estimate)
mil. bu_
Stocks (domestic), end of period.
do
Price, wholesale, No. 2 (Minneapolis) _ _ $ per bu__
Wheat:
Production (crop estimate), total
30.2
9.5
4
*.77
.75
3
36.8
823
3569
3
254
46.4
42.5
76.3
4,217
3, 353
864
61.7
1.22
1.19
1.19
1.19
1 15
1.14
1 06
1 07
1 11
1 09
3270
3199
3
71
776
640
136
.8
1.7
2.8
1.4
.9
.4
6
.74
.78
.74
.73
.74
.74
.74
144
122
202
153
165
145
352
41
81
43
2
1,913
1,403
138
134
180
206
104
58
g
1 23
1 23
1 24
1 23
17.9
18.3
18.3
51.8
48.1
3,168
2 362
806
54.9
41.9
1 10
1 09
1.12
1.10
1 14
1 14
1 13
1 11
648
543
.2
1,536
920
7
7
0
9
1
1 17
1 14
6
.7
9
14
.80
.83
79
81
187
135
194
224
213
167
206
188
82
89. 6
59
62
317
254
202
120
135
113
118
70
269
277
254
260
185
179
142
5,880
3,962
6,675
4,561
150
385
104
385
26
276
405
206
1,133
289
1,527
358
1,487
504
592
492
384
408
338
451
511
485
235
424
141
434
1,758
2 978
!083
1,875
4 066
.085
900
319
.085
616
324
.085
379
510
.085
450
223
.085
912
194
,085
1,571
227
.085
2,064
2,003
1,875
1,671
1,545
.085
.085
.085
.085
.088
1,236
481
.090
988
469
227.8
28.4
1.20
2
L17
33.3
1.18
27.7
1.13 "~I.~17~ ~~Tl8~
22.9
1.17
24.1
27.7
1.19 "T21~ "~L22~
mil. bu_.
21,312
2 1, 524
Winter wheat
Distribution
do
do
21,062
1, 600
2
Stocks (domestic), end of period, total
On farms_
Off farms
do.__
do
do
1,212
1,365
3
18. 7 -------1.17
98ft
"Tie" "Tl4~
OAQ
275
393
347
373
1,049
1,209
3425
409
505
3145
641
704
3280
r
3
Revised.
» Less than 50,000 Ibs.
2 Crop estimate for the year,
Old crop only;
new crop not reported until beginning of new crop year (July for barley, o ;s, rye, and wheat;
« 1, 556
602
955
1 209
505
704
836
360
477
1 24
1 25
441
358
83
104
.75
285.0
216
127
89
2
Oet.
for corn).
e
Corrected.
4
Average for 11 months.
§ Excludes pearl barley.
"TIs" ~~Tl4~
9 Bags of 100 Ib-
June 1968
SURVEY OF CTJRBENT BUSINESS
S-28
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Annual
Apr.
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat— Continued
Exports total including
Wheat only
flour
mil bu
do
Prices, wholesale:
No. 1, dar£ northern spring (Minneapolis)
$ per bu__
No. 2, hd. and dk. hd. winter (Kans. City) .do
Weighted avg., 6 markets, all grades
do
875.7
820.8
675.6
637.1
48.3
44.6
48.0
44.2
50.5
45.9
59.6
57.4
65.4
63.1
71.0
68.4
59.0
56.8
71.5
68.9
59.1
55.2
63.1
58.7
69.1
65.4
63.4
59.1
64.8
58.0
1.97
1.81
1.88
1.92
1.68
1.88
1.96
1.78
1.91
1.99
1.77
1.94
1.94
1.66
1.86
1.93
1.61
1.75
1.86
1.58
1.81
1.90
1.57
1.90
1.93
1.63
1.93
1.91
1.59
1.86
1.85
1.58
1.86
1.86
1.62
1.87
1.85
1.63
1.85
1.87
1.61
1.84
1.84
1.57
1.83
20, 731
371
46, 503
21,513
387
48, 368
20,379 '21,873
366
390
45,637 '49, 019
19, 970
355
44, 673
4,372
1,712
1,903
1,568
4, 391
1,842
2,930
5.913
5.383
C. 938
5.433
6.020
5.500
6.020
5.450
Wheat flour:
Production:
Flour
thous sacks (100 Ib )
253, 000 '245, 240 '19, 219 19,756 '20, 139 '19, 083 '21, 898 '20, 990 '21, 809 '21, 046
Offal
thous. sh. tons__ r ' 4, 619 4,423
345
394
398
382
365
335
365
378
Grindings of wheat
thous bu 568, 672 '549, 801 '42, 692 '44, 422 '44, 911 '42, 817 '48,928 '47, 180 '49, 105 '47,016
Stocks held by mills, end of period
4,372
thous. sacks (lOOlb.) —
4,180
4,689
4 224
Exports
__ _ _
do_ _
16, 535
921
23,540
911
1,118
1,001
1,115
1,560
1,642
1,976
Prices, wholesale:
Spring, standard patent (Minneapolis)
$per!001b__
6.124
5.975
6.263 6.275
6.275 6.013 5.975
5.925
6.365
6.213
Winter, hard, 95% patent (Kans. City), .do,— 5.994
5.631 5.790
5.483 5.433
5.800 5.583 5.450
5.767
5.700
1.81
1.55
1.78
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. animals
Cattle
do
Receipts at 28 public markets
do__ _
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
$ per 100 lb._
Steers, stocker and feeder (Kansas City)._do
Calves, vealers (Natl. Stockyards, Ill.)__do
Hogs:
Slaughter (federally inspected) thous animals
Receipts at 28 public markets
do _
Prices:
Wholesale, average, all grades (Chicago)
$ per 100 lb__
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 28 public markets _ _
do _
Shipments, feeder, to 8 corn-belt States
do
Price, wholesale, lambs, average (Chicago)
SperlOOlb—
4,002
4,432
27,319 '27,780
13, 134 12, 506
7,852
8,056
316
285
300
2,185 ' 2, 428 2,423
891
1,013
958
388
326
406
271
2,238
955
397
332
2,461
1,108
612
348
2,330
1,078
972
383
2,433
1,393
1,468
357
2,254
1,215
1,287
323
2,214
966
668
365
2, 493
1,045
523
302
2,257
850
401
342
2,241
847
472
332
2,286
883
384
740
24.59
24.81
31.00
25.37
25.14
34.50
25.83
25.49
32.00
26.37
25.61
30.00
27.18
25.53
31.00
27.59
24.79
31.00
26.95
24.91
31.00
26.46
23.90
32.00
26.38
23.68
33.00
26.68
23.89
34.00
27. 19
25.68
35.50
27.67
26.09
38.50
27.38
26.43
27.02
26.80
63, 729 '70,915 ' 5, 867 ' 5, 310
15, 175 » 16, 263 1,372 1,328
5,178
1,249
4,743
1,118
5,808
1,257
6,114
1,286
6,684
1,545
6,431
1,531
6,100
1,396
6,496
1,445
5,697
1,288
6,238
1,323
6,483
1,431
1,352
26.17
25.41
32.38
25.97
24.73
32.38
22.61
18.95
17.23
21.31
21.05
21.12
19.94
19.09
18.06
17.22
16.79
17.73
18.86
19.37
18.56
18.37
is. 5
16.3
13.5
••17.2
16.7
17.7
18.4
17.1
17.2
17.5
16.1
16.9
17.8
17.5
17.5
16.7
11, 553 ' 11, 516
3,901
3,619
1,988
1,449
872
215
76
'891
300
95
904
272
96
902
277
76
1,001
359
113
1,037
405
223
1,007
451
300
899
323
150
869
248
92
1,050
276
96
840
190
78
796
178
75
865
200
61
241
29.50
25.00
23.48
22.75
29.25
26.75
24.75
24.00
22.50
22.25
22.50
22.00
23.00
24.75
26.00
26.50
29,291
'31, 107
2,513
2,569
2,552
2,327
2,624
2,599
2,787
2,646
2,582
2,816
2,494
2,581
2,690
621
480
1,318
644
484
1,397
783
39
96
725
43
91
664
39
112
601
34
130
528
40
131
537
40
134
591
47
138
638
46
123
644
36
120
651
38
128
635
37
117
618
32
109
662
37
123
16, 710
317
32
895
17, 251
286
34
1967
1,378
301
3
61
1,524
300
3
56
1,514
288
3
77
1,381
276
3
97
1,495
255
3
99
1,422
260
2
101
1,490
265
3
101
1,384
279
3
88
1,381
286
3
76
1,554
287
3
87
1, 414
264
2
78
1,406
234
2
70
1,434
'224
2
84
204
.442
.451
.427
.442
.454
.460
.469
.486
.466
.460
.460
.464
474
.469
.469
.475
48
11
50
11
49
13
45
15
45
15
54
15
44
13
42
13
44
'12
12
1,248
1,217
1,156
1,208
1,036
1,134
1,211
993
288
4
27
849
291
3
27
929
306
3
29
985
'355
3
28
384
.472
.475
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil Ib
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)
$ perlbLamb and mutton:
Production, inspected slaughter
mil. lb__
Stocks, cold storage, end of period- _ _ _ _ do
Pork (including lard), production, inspected
slaughter
mil Ib
Pork (excluding lard) :
Production, inspected slaughter
do
Stocks, cold storage, end of period
do
Exports
do
Imports..
do
Prices, wholesale:
Hams, smoked, composite
$ per lb_.
Fresh loins, 8-12 Ib. average (New York) ..do
Lard:
Production, inspected slaughter, _
mil. Ib
Stocks, dry and cold storage, end of period__do
Exports
__
do
Price, wholesale, refined (Chicago)
$ per lb__
581
17
574
15
44
16
43
17
43
15
43
13
12,000
13, 281
1,090
1,002
995
902
1,082
1,128
724
239
2
26
878
199
3
24
918
203
4
21
1,009
250
7
23
987
279
5
23
944
286
5
32
9,662
234
55
298
10, 751
286
56
307
890
387
5
24
798
336
4
25
799
293
3
32
.587
.569
.544
.515
.483
.458
.523
.556
.557
.554
.523
.594
.563
.553
.545
.545
.547
.502
.546
.465
.573
.472
.517
.515
.504
.533
.531
.492
1,695
100
158
.152
1,835
151
189
.126
145
142
19
.135
148
128
13
.129
141
128
14
.124
129
118
20
.119
149
106
16
.125
152
107
13
.124
172
105
18
.120
168
120
27
.113
154
151
8
.116
157
164
7
.114
136
124
27
.114
148
'121
13
.116
'605
733
791
'764
'978
'913
'986
'884
'741
687
566
'582
620
321
176
296
149
308
160
368
221
486
332
603
441
721
551
606
429
540
367
525
361
453
310
400
268
351
225
324
204
.125
.120
.125
.135
.120
.115
.105
.110
.125
.135
.135
.135
.135
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb.._
8,786 ' 9, 218
Stocks, cold storage (frozen), end of period, total
mil. lb__
436
540
Turkeys
do
267
367
Price, in Georgia producing area, live broilers
$ per lb_.
.145
.122
r
Revised.
1
Annual total reflects revisions not distributed to the monthly data.
669
.110
164
132
16
SURVEY OF CURRENT BUSINESS
June 1968
Unless otherwise stated, statistics through 1956
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
Annual
S-29
1967
Apr.
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS— Continued
Eggs:
Production on farms
mil cases O
Stocks , cold storage, end of period:
Shell
thous. casesO__
Frozen
_
mil. lb__
Price, wholesale, extras, large (delivered; Chicago)
$perdoz__
184 6
r 194 g
'16.6
17.0
16.2
16.4
16.1
15.6
16.2
15.8
16.5
16.6
15.7
17.1
16.6
17.7
27
36
86
89
117
55
265
71
427
85
391
93
315
99
253
100
239
98
150
96
86
89
75
85
77
80
82
81
'102
86
205
98
.401
.298
.265
.258
.251
.324
.288
.320
.283
.298
.315
.300
.276
.298
.284
.268
319.3
.246
282.6
21.6
.274
10.8
.276
18.9
.278
16.5
.269
9.2
.279
8.9
.303
12.4
.291
17.8
.316
26 1
.310
35 8
.315
24.5
.300
7.7
.300
25.7
.305
.296
3 141
' 21, 300
2 311
21 291
22 056
21 312
.414
' 1, 543
.384
1,722"
455
.388
115
1,647
468
.395
111
2,126
627
.388
86
1,818
620
.380
122
476
.380
191
2,103
778
.375
167
1,845
637
.375
166
1 424
316
.373
127
2 202
631
.373
140
2,461
956
.375
142
1,755
510
.375
135
2,398
766
.375
120
.380
'1,617
1,717
362
.385
106
271
253
190
183
184
226
240
247
238
248
263
227
201
174
174
4,045
6,250
1,911
4,103
6,391
1,958
10
158
156
144
214
198
123
481
146
48
479
102
60
760
286
92
538
205
670
542
152
1,090
327
117
978
339
99
551
2 128
24
172
302
129
202
146
142
154
152
do
do
do
10, 444
10, 516
10,245
2,870
824
788
2,501
880
842
2,379
1,053
1,022
2,130
891
875
1,869
1,048
1,017
1,428
1,051
1,027
1,149
862
840
1,418
829
818
2,217
848
827
2,870
763
748
2,891
sh. tons..
3,006
1,468
57
68
197
58
117
587
32
106
27
85
285
51
120
4,584
1, 134
97
421
154
3
281
54
4
466
132
5
500
143
3
449
70
1
444
103
3
324
49
7
287
29
1
434
138
51
201
13
4
282
32
5
373
64
2
443
109
3
.070
.073
.072
.073
.074
.073
.073
.073
.074
.074
.073
.074
.074
.074
.074
.620
.096
' 2. 620
.099
.629
.099
.627
.099
.631 2.623
.099 . .ۤ9
.620
.099
.620
.099
.615
.100
.617
.100
618
099
.608
.099
.614
.100
.613
.099
.614
..thous. lb_. 132,996
142, 583
14,518
12,663
12,378
10,476
11,907
9,931
8,196
10, 121 13,500
13, 121
3,225.7
139.2
249.9
125.9
283.6
125.6
275.9
149.0
221.5
135.8
281.3
123.8
276.0
127.6
284.7
126.0
294.2
123.4
268 2
139.2
264.2
141.5
267.6 ' 271. 8 258.4
128.9 ' 124. 2 130.7
2, 922. 1
92.8
244.5
97.9
251.0
87.8
255. 6
84.7
230.3
84.5
255.8
93.0
251. 8
81.3
238.2
54.6
229.5
67.6
232.5
92.8
246.5
73.0
258.4 ' 247. 8 239.0
100.5 '80.8
76.3
2, 114. 1
59.9
160.5
68.2
171.0
57.9
173.6
59.7
139.4
61.9
176.8
61.4
168.2
57.9
186.6
61.3
176. 8
53.3
189.3
59.9
203.3
58.8
192.7
62.1
.257
.256
.256
.256
.256
.256
.256
.256
.256
256
.256
.256
.256
577.8
525.1
73.2
50.3
44.9
83.6
57.2
46.3
80.8
49.8
45.0
83.5
41.5
40.4
80.5
44.9
55.4
72.8
43.8
45.1
70.2
42.9
40.3
72.8
45.7
44.4
69.7
46.0
39.7
73.2
46.3
38.6
81.6
46.5
43.0
81.5
'46.0
M2. 9
'84.9
4, 753. 0
2, 401. 6
424.6
393.7
202.1
497.2
403.8
211.1
481.8
419.1
220.4
432.4
364.1
173.6
397.4
405.8
210.8
394.2
373.5
200.7
408.8
387.1
194.4
434.6
395.7
192.2
441.9
394.0
188.9
424.6
415.0
205.3
489.2
381.9 ' 387. 5 381.3
189.9 ' 209.1 196.7
439.5 r 438. 1 428.7
118. 4
73.0
146.3
3.2
6.9
145.5
9.1
6.2
165.9
20.1
6.6
165.6
21.4
6.0
167. 7
21.9
6.6
165.0
13.0
5.7
160.4
9.0
5.7
165.1
11.6
5.7
168.1
5.9
6.2
146.3
.9
6.0
144.4
.6
'1.1
4.1
6.2
6.1
6.2
119.2 ' 110. 5 98.0
44.5
62.9
107.7
34.2
37.3
54.4
68.4
94.5
31.4
35.5
42.7
61.4
100.5
35.2
34.6
35.5
53.1
133.6
16.2
32.3
52.2
'61. 1
147. 5
115.8
20.9
18.8
45.8 '47.6
56.6 '64.7
142.8 ' 114. 4
20.3
59.6
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)
thous. Ig. tons_.
Price, wholesale, Accra (New York)
$ per lb._
Coffee (green):
Inventories (roasters', Importers', dealers'), end
of period
thous bagsc?
Roastings (green weight)
do. Imports, total
_
do
From Brazil
do._.
Price, wholesale, Santos, No. 4 (N.Y.)..$ per lb—
Confectionery, manufacturers' sales.
mil. $._
Fish:
Stocks, cold storage, end of period
mil. lb_.
Sugar (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
Deliveries, total 9
For domestic consumption
Stocks, raw and ref . , end of period
Exports, raw and refined
Imports:
Raw sugar, total 9
From the Philippines
Refined sugar, total
thous. sh. tons
_.do
do
Prices (New York):
Raw, wholesale...
$ per lb_.
Refined;
Retail (incl. N.E. New Jersey) ....$ per 5 lb__
Wholesale (excl. excise tax)
..$ per lb._
Tea, imports
_._.
6,726
10,299
2,598
4,198
1,039
38
Baking or frying fats (incl. shortening):
Production
mil. lb.. 3, 189. 5
Stocks, end of period®
do
118.6
Salad or cooking oils:
Production
do . 2, 946. 8
Stocks, end of period©
do
83.4
Margarine:
Production
_
do
2, 109. 7
Stocks, end of period©
do
53.2
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)
$ per lb._
.266
.288
6,069
1
2, 457
5,226
2,702
4,816
2,568
5,687
2 311
5,592
10, 144 13, 857 10 910
752
841
738
825
2,719 '2,603 "2,546
' 177. 5
r
65.3
.075
169.1
63.5
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
566.7
Production (quantities rendered)
mil. lb_.
Consumption in end products
do
516.1
Stocks, end of period 1
do
50.9
Tallow and grease (except wool), inedible:
4, 466. 9
Production (quantities rendered)
do
Consumption in end products
d o _ _ _ 2, 439. 6
447.4
Stocks , end of period \.
do
Fish and marine mammal oils:
164.1
Production
do
72.1
Consumption in end products. _
do _
158.5
Stocks, end of period t do
Vegetable oils and related products:
Coconut oil:
358.5
Production: Crude
mil. lb_.
(rf)
(<*)
(d)
49.0
569.6 ""565." I"
45.0
52.4
Refined
^
do
749.1
783.4
52.0
68.3
65.0
Consumption in end products
do
133.6
191.6
184.3
145.9
Stocks, crude and ref., end of period U
do
1
523. 0
~498.2
20.2
24.3
Imports
do
25.8
Corn oil:
444.2
37.7
38.5
40.2
446. 6
Production: Crude
do
418. 1
33.7
34.8
397.6
36.8
Refined
do
421.5
35.1
40.0
388.0
31.0
Consumption in end products
do. .
40 R
mn
40 9
37.7
53.5
Stocks, crude and ref., end of period f
do_-.' Revised.
*» Preliminary.
<* Data withheld to avoid disclosure of operations of individual firms.
2
* Annual total reflects revisions not distributed to the monthly data.
Beginning July
1967, prices based on
1967 benchmark; 1967 average is for July-Dec, period. July 1967 price on
old basis, $0.631. 4
<*)
53.4
63.5
114.0
24.1
&
69.5
107.8
18.5
40.9
42.8
75.9
39.9
47.5
65.6
94.2
16.9
35.1
37.6 '38.5
38.9
39.1
38.9
33.8
35.5
36.4
35.5
35.2
32.7
35.1
36.5
39.7
35.8
34.2
35.7
36.2
30.6
35.6
34.9
40.1
35.6
AQ n
41 3
48.7
4K fi
37.7
36.5
34.1 '39.8
44.6
46.8
©Cases of 30 dozen.
cfBags of 132.276 lb.
§ Monthly data reflect cumulative revisions
for prior periods.
9 Includes data not shown separately; see also note " §".
A For data
on lard, see p. S-28.
©Producers' and warehouse stocks.
^Factory and warehouse
stocks.
33.9
33.2
30.0
38.2
33.2
35.7
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
June 1968
1967
Apr.
May
July
June
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products— Continued
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 lb-
2, 381. 4
94.2
1, 570. 6
146.7
106.8
166.9
63.3
160.9
67.5
157.8
44.2
148.4
65.9
133 2
49.1
104 9
143.5
121 6
229.0
137 1
196.8
146 7
198.0
161 8
161.6 ' 140. 2
168.1 *• 170 6
1, 137. 5
1, 506. 4 1, 050. 8
1, 258. 1
997.0
73.9
108.5
90.5
43.5
87.5
91.9
49.6
72.6
78.3
30.2
42.6
73.4
45.4
47.7
80.6
33.5
32.9
74.7
100.2
55 1
79.4
167.1
111 6
87.4
140.8
123 7
85.1
143.8
136 6
85 7
114.1
106.5
82.6
381.8
184.0
.178
252.1
172.1
2.154
476.9
25.4
.158
416.7
11.6
.158
364.7
2.0
.160
298.3
5.0
.150
246 0
2.6
. 152
207.0
3.0
.154
198. 7
5.6
.150
228 6
4.7
252 1
3.4
.148
313 7
4 5
.148
328.2
2.0
.154
454.2
234.7
365. 8
213.3
30.2
20.2
32.5
22.5
35.4
19.6
7.2
16.9
32.9
18 1
37.8
16.9
35.3
15.6
35.9
13.9
24.3
12.1
27.6
14 6
208.4
.128
213.3
.129
204.7
.128
211.8
.128
199.2
.128
184.1
.128
185.4
128
187.4
.127
196.6
.132
222.6
.132
213.3
.132
222.7
.132
1, 674. 6
Linseed oil:
Production crude (raw)
mil. lb_
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of period
- mil. lb._
Price wholesale (Minneapolis)
$ per Ib
Soybean cake and meal:
Production
thous sh. tons 12,614.4 13,065.1 1,080.9 1,107.6 1, 103. 6 1,061.7 1 029 5
177.0
146.1
120.0
122.1
141.3
111.7
Stocks (at oil mills) end of period
do
102 3
Soybean oil:
5,811.2 6, 122. 4
502.8
527.9 512.3
530.9
Production* Crude
mil. Ib
493 4
5, 152. 0 5, 072. 8
387.4
450.3 377.0
424 8
Refined
do
432 7
5, 210. 2 5, 207. 5
404.4
373.2 443 7
450.6
Consumption in end products
do
436.8
Stocks, crude and refined (factory and ware655.1 600.4
510.9
591.0
632.2 687 5
633.7
house) end of period
mil Ib
41.0
684.8 i 912. 3
107.4
66.5
131.0
Exports (crude and refined)
do
43 1
.120
.140
.127
.127
.122
.114
Price wholesale (refined; N Y )
$ per Ib
122
972.9
109 6
r99. 1
115 7
r
81. 5
76.7
77 7
81.0
324. 7
3.6
.158
310 5
8.4
28.5
17.9
25.8
••15.0
23.4
17.2
223.0
.132
' 219. 3
.132
216.2
529.3
428.2
448.5
535.3
414.8
436.2
525.7
442.6
432.7
526.2
429 1
457.1
510.4 ' 510. 9 472.2
457.7 •• 431. 9
424.2
450.8 ' 448. 5 428.8
595.0
118.0
115
571.3
79.1
.111
570.1
114.3
109
655.1
40.1
.110
688.4
30.3
108
695.0
68.4
.132
53, 280
15 305
48, 106
14 828
4,880
39, 444
19 089
Si, 425
14 899
43, 458
19, 985
4,995
59, 439
16 876
50, 656
20 487
66, 834
17 520
5,486
68, 822
13 892
44 296
16 337
44, 792
22 179
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) taxable
Exports cigarettes
46, 112
522, 532
7,076
23, 453
3,972
44, 084
572
2,059
4,321
48, 101
639
1,943
5, 262
48, 123
529
2,396
4,141
41, 376
485
2,270
3,495
51, 658
648
1,917
3,894
43, 835
605
1,811
3,870
46, 653
710
1,680
4,148
42, 529
609
1,824
3.902
36, 593
441
2,049
3,485
40, 982
557
1, 599
millions
- do
do
millions
3
p
470.2
398.2
450.1
5,486
5,353
551, 162 571,559
179 336 1197,109
1, 888
r
1,136.9 1, 180. 1 1,128.3 1,191.7 1,132.6 '•1,124.1 1, 027. 1
158.5 »• 196. 3
150.8
151.6
142 7
177.0
165.5
TOBACCO
Leaf:
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers' end of period
mil. Ib
Exports incl scrap and stems
thous Ib
Imports incl scrap and stems
do
3
110.8
192 4
r 711. 5
80.9
.115
745.7
41.4
2, 007
48, 971
527, 798
6,846
23, 652
5,309
28, 806
20 361
36, 934
22 830
4,040
46, 362
531
1,940
4,144
41, 839
536
1,490
2,298
r
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
thous. $
Calf and kip skins
thous skins
Cattle hides
thous hides
Imports:
Value total 9
thous $
Goat and kid skins
do
Prices, wholesale, f.o.b. shipping point:
Calfskins packer heavy 9J4/15 Ib
$ per Ib
155, 623
2,582
14, 307
127, 893
2,626
11, 987
11, 300
198
1,154
12, 546
264
1,090
8,801
351
757
8,593
174
735
8,640
138
842
8,700
160
912
8,873
221
931
10, 783
233
1,131
8, 476
217
837
15, 701
208
797
9,723
211
983
4,850
177
1,043
9,644
289
902
88 995
36 998
10, 331
61 200
36 044
7,109
6 300
4*079
'457
5 200
3 846
721
5 400
3 194
531
5 300
2 925
740
4,100
2,503
558
4 500
2 833
510
4? 200
3 460
479
4 400
1 804
488
4 500
3 174
391
6 600
2 330
'614
7 900
3* 413
734
8 300
4 037
418
8 200
3 349
572
601
177
460
120
450
125
450
119
450
130
400
125
.400
.110
410
125
430
105
460
108
500
098
500
093
480
093
530
120
320
4,008
379
r r23 394 'ar1 891 2r 050
761
8, 456
722
28, 375
2,201 2,459
340
1T 983
734
2,402
226
l 456
'460
1,808
370
2,059
'582
2,778
378
2r 069
731
2,748
347
r i 978
641
2,399
340
341
2 088 r 2 073
539
696
2,691
2,664
341
1,990
520
2,762
5,631
7 260
6 301
6 883
6 520
7,683
7,417
LEATHER
Production:
Calf and whole kip
thous skins
Cattle hide and side kip
thous hides and kips
Goat and kid
thous skins
Sheep and lamb
do
4,720
23 830
13 372
29, 302
Exports:
Upper and lining leather
thous. sq. ft
65 704
71, 769
3,691
5,565
8 933
4,415
Prices, wholesale, f.o.b. tannery:
Sole bends light
index 1957-59-100
Upper, chrome calf, B and C grades
index 1957-59 — 100
2 114. 5
97 9
104.6
101.1
98.2
95.4
95.4
91 2
90.5
90.5
91 2
90 5
90.5
90.5
105 5
92 8
98 3
98.3
95 3
88 1
88.1
83 5
84 2
85 8
87 9
86 3
88.2
89 0
48 744
49 024
40 931
58, 249
50545
53 858
51 558 r 47 890
56 644
55 670
58 007
39 552
8,364
613
215
39 777
8,504
583
160
34 027 -47 314
6,444 10, 121
342
611
203
118
40 356
9,445
555
189
43 175
9,882
618
183
41 345 r 40 705
6,' 418
9,428
576
608
177
191
47 689 f 46 418
8 186 8,443
'628
602
181
167
48 347
8,793
673
194
162
191
207
212
179
207
LEATHER MANUFACTURES
Shoes and slippers:
Production total
thous pairs
646 897 r 603 337 46 302
Shoes, sandals, and play shoes, except athletic t
thous pairs rr 537 226 r 497 416 38 466
Slippers}:
do
100,257 ' 96, 926 7,088
6,576 r 6, 834
Athletic
do
585
Other footwear
do
2,161
2 838
163
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 upp'er, Goodyear
welt
index 1957-59—100
"Women's pumps low-medium Quality do
r
Revised.
« Mar. revised, 851.
1
Annual total reflects revisions
not
2
3
Average for 11 months.
2 737
2,217
164
r
r
162
294
374
lr 886 r 2r 101
707
618
2,557
2,607
r
r
6 732
167
144
178
244
120 9
122 9
121 5
121 5
121 5
121 5
121 5
122 0
124 5
124 5
125 7
125 7
125 7
125 7
111.0
121 2
113 1
125 8
113.7
124 7
113.7
124 4
113.7
125 2
113.7
124 9
113 7
123 9
113.7
125 5
113. 7
129 5
113.7
129 6
113 7
129 9
113 7
133 1
113.7
132.3
116.6
132 4
distributed to the monthly data.
Crop estimate for the year.
8,746
232
9 Includes data for items not shown separately.
{Revisions for 1966 (thous. pairs): Shoes, sandals, etc., June, 44,962; July, 38,471; Oct.,
43,372; Nov., 40,616; slippers, June, 8,901; July, 6,560; Oct., 10,665; Nov., 9,365.
SURVEY OF CURRENT BUSINESS
June 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
1966
Annual
S-31
Apr.
May
June
July
Aug.
1968
Sept,
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
3,253
571
2,682
LUMBER AND PRODUCTS
LUMBER— ALL TYPES
National Forest Products Association:
Production total
mil. bd. ft__
Hardwoods
- - do
Softwoods
do
Shipments total
Hardwoods
Softwoods
-
do
-- --do__
do _
- -
36,433 2 34, 595
7,563 2 7, 185
28,870 2 27, 410
36, 662
2
28, 587
2
8,075
34, 948
7, 356
27, 592
2
2,900
648
2,252
2,954
623
2,331
3,039
628
2,411
2,987
571
2,416
2,976
621
2,355
2,654
578
2,076
3,124
2,961
563
2,398
2,773
529
2,244
3,137
594
2,530
581
2,556
2,970
605
2,365
3,066
613
2,453
2,864
564
2,300
2,549
513
2,036
2,539
316
2,223
2,829
492
2,337
3,104
3,043
613
2,430
3,025
605
2,420
2,853
611
2,242
2,700
603
2,655
544
2,111
2,959
620
2,339
3,201
2, 097
5,857
5,872
547
2,557
664
2,537
3,377
649
2,728
5,935
5,968
5,902
4,503
4,443
1,426
4,481
5,810
1,391
4,419
5,812
1,346
5,715
1,265
5,524
4,535
1,441
4,431
5,663
4,753
6,013
1,300
4,713
5,909
4,749
4,466
4,450
4,468
4,397
1,112
95
419
98
432
131
496
89
418
100
598
90
431
103
415
82
380
95
256
100
407
108
418
107
407
110
476
8,480
486
2 7, 934
580
657
589
677
562
704
567
644
606
708
597
595
528
624
502
660
505
693
580
681
621
782
726
756
756
743
728
8,601
8,615
1 040
2 7, 864
2 7, 840
1 006
1,185
656
699
539
605
716
716
1,210
634
665
683
649
1,084
1,084
1,049
1,006
740
726
1,053
1,045
705
677
1,167
1 018
1,045
1,060
791
771
1 063
Exports, total sawmill products. _
do
401
Sawed timber
_ _ _ _ _ _ _do
110
Boards, planks, scantlings, etc
do _ _
290
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$per M bd. ft__
85.62
Flooring, C and better, F. G., 1" x 4", R. L.
$perM bd. it- 165.87
388
113
275
35
10
25
37
9
28
48
18
30
27
7
21
30
4
26
32
11
21
32
9
23
24
9
15
32
10
22
36
9
27
32
9
23
39
14
25
43
10
33
82.40
83.24
82.82
86.09
90.71
89.63
89.20
90.43
95.75
98.62
105. 88
172. 63 «172. 01
170. 86
170.86
169.30
168.63
167. 96
165. 24
165. 24
164. 54
165. 24
577
637
356
651
358
682
388
579
609
633
649
637
652
1,285
1,269
1 254
6,716
5,747
4,667
1,080
5 810
1,391
4,419
_ do
do_ __
1,009
5,120
4,987
SOFTWOODS
Douglas fir:
Orders, new
_ — - -.mil. bd. ft._
Orders, unfilled, end of period
do
Stocks (gross) , mill, end of period, total
Hardwoods
_
Softwoods
_ _ _
Exports total sawmill products
Imports total sawmill products
Production
Shipments
Stocks (gross) mill end of period
Southern pine:
Orders new
Orders, unfilled, end of period
do
do
do
do
_do___
do _
- - mil. bd. ft.
_- -- do
Production
do_ _
Shipments
do
Stocks (gross), mill and concentration yards, end
of period
- - mil. bd. ft
Exports, total sawmill products... __M bd. ft__
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59= 100. _
Flooring, B and better, F. G., 1" x 4", S. L.
1957-59= 100. _
Western pine:
Orders, new
_ _ _ _ __ _ _ mil. bd. ft.
Orders unfilled end of period
do
Production
do
Shipments
do _ _
Stocks (gross), mill, end of period...
_ _do __
Price, wholesale, Ponderosa, boards, No. 3, \" x
12", R L (6' and over)
.$ per M bd. ft__
1,186
670
668
1,215
729
704
1,374
1,399
1,414
5,907
662
658
574
618
85.54
82.96
169. 99
171. 47
6,717
307
540
291
566
292
575
294
519
283
637
316
589
315
599
294
572
277
527
307
6,511
6,751
6 684
526
543
588
565
583
573
517
530
586
604
584
590
592
620
610
589
536
497
1,230
99, 202
1,297
87, 436
1,269
1,292
1,302
1,237
6,419
274
6,654
6,425
8,502
1,289
1,271
1,265
1,297
700
640
OOQ
574
556
7,026
5,989
6,496
6,220
8,795
1,258
8,817
7,229
8,674
6,965
1,315
1,195
7,428
1,127
105.1
103.4
101.4
102.2
103.1
103.6
103.7
105.0
105.2
106.5
107.0
108.9
111.2
114.0
106.2
106.0
105.8
105.1
105.1
105.2
105.6
106.4
106.7
107.2
107.4
108.7
109.2
110.7
10, 295
2 10, 375
871
511
884
507
845
495
920
525
955
510
898
479
904
484
793
504
835
557
756
607
869
659
880
641
1,040
10, 337
10, 403
1,666
2
2
820
863
847
888
862
857
824
890
973
970
911
929
923
899
795
773
731
782
714
706
801
817
920
897
968
427
557
10 023
10, 245
1,445
1,566
1,526
1,531
1,465
1,468
1,450
1,474
1,496
1,445
1,453
1,437
1,460
69.39
71.95
73.32
74.16
73.87
73.83
73.12
73.18
74.39
73.73
71.94
70.78
71.86
75.90
31.2
16.3
25.1
26.7
26.1
15.4
28.4
26.5
618.1
26.0
547.0
666
1 016
1,412
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
Orders, unfilled, end of period— _
Production
Shipments
Stocks (gross) , mill, end of period
Oak:
Orders, new
Orders, unfilled, end of period
Production
Shipments __ _
_.
_
Stocks (gross) , mill, end of period
mil. bd. ft__
do
do-_
do
.do __
do
_ do
do
__ ___do
do
_
1.8
685.6
654.4
58.3
4.4
20.1
551.2
552.2
57.9
3.1
18.0
2.1
2.2
2.2
39.4
34.8
46.4
44.0
55.9
2.3
17.2
2.6
17.4
2.5
2.4
2.3
2.4
2.4
2.3
43.1
31.8
49.9
46.5
60.3
45.3
28.4
47.2
47.9
61.4
2.2
17.4
2.2
17.0
2.4
2.0
2.5
2.9
2.9
2.9
42 2
28.7
38.6
41.9
58.0
61.1
33.8
52.0
56.1
54.0
1.2
16.4
2.5
2.1
3.3
43.2
28.0
47.4
49.0
52.3
2.1
1.8
16.6
15.8
2.4
2.5
3.0
2.7
2.4
3.5
1.7
1.7
15.4
2.0
1.6
1.9
15.2
2 7
14.9
2 3
15.1
24
15.2
1.5
6.7
2.0
1.8
6.6
50 3
26.4
40.3
43.1
53.9
44 6
27.3
41.1
43.7
51.3
39 2
25.8
41.6
40.5
52.4
2.5
1.8
4.4
2.1
5.0
41.1
23.9
49.3
45.8
54.7
40 0
21.9
45.4
42.1
58.1
36 1
20.1
37.1
37.3
57.9
42 0
20.5
41 1
40.6
58.4
1.7
5.8
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons
Scrap
do
Pig iron _ _
_ _
do
Imports:
Steel mill products
Scrap _ _ _
Pig iron _
_
do
do
do
1 724
5, 857
12
1,685
7,635
7
160
641
1
137
805
1
122
811
(i)
103
716
(i)
118
657
5
106
779
(i)
129
610
0)
128
451
(i)
127
353
(i)
141
485
(i)
104
355
1
110
527
1
137
420
1
10 753
464
1 252
11 455
286
2
631
828
16
41
1,030
26
63
963
27
41
965
22
49
985
22
62
956
29
22
999
21
57
1,308
28
71
1,013
28
78
1,102
34
14
1,058
26
14
1,241
27
64
1,480
30
31
55, 463
36, 606
91 584
8 193
52, 312
36, 686
85 360
93, 998
4,323
3,150
7 062
7 835
4,451
3,259
7 290
7,770
4,198
3,119
6 784
7,854
3,803
2,674
6 058
7,861
4,351
3,058
7 009
7,871
4,293
3,070
6 937
7,840
4
3
7
7
488
238
397
709
4,587
3,416
7 481
7,739
4,600
3,629
7,692
7,793
27 18
26.00
27.59
27.00
28.28
27.00
26.55
26.00
27.48
27.50
28 65
30.00
30 07
33.00
30.32
34.00
28.17
31.00
Iron and Steel Scrap
Production.
_ thous. sh. tons
Receipts. __ _
_ _
_ _
do
Consumption
do
Stocks, consumers', end of period
do
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig. ton
29 95 3 27. 51 26 98
26.79 27 23
Pittsburgh district
do
26.00
31.00
27.00 26.50
26.00
r
2
Revised.
» Preliminary.
i Less
than 500 tons.
Annual
total reflects revisions
3
c
not distributed to the monthly data.
For Feb.-Dec. 1967.
Corrected.
May
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Apr.
Annual
June 1968
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous. Ig. tons._
Shipments from mines
do
Imports
do
90, 704
90, 583
46, 259
84, 196
83, 359
i 44, 627
6,277
5,494
2,629
9,039
11,119
4,582
9,419
10, 998
5,273
9,526
11, 373
4,204
9,697
10, 631
5,377
8,875
9,816
3,500
7,367
8,714
4,946
4,766
6,502
4,377
4,831
3,293
3,328
5,289
2, 009
2,390
5,182
2,035
1,725
5,476
2,140
2,031
2,859
128, 225
127, 694
7,779
119, 435
118, 982
5,944
6,988
9,816
736
14, 349
10, 015
626
15, 240
8,853
585
15,037
9,222
739
14, 373
9,456
337
12, 627
9,562
524
12,631
10, 307
674
10, 651
10, 479
417
6,995
11, 220
342
3,693
11, 251
346
3,674
10, 746
321
3,920
11, 562
385
8,787
11,457
625
do
do
do
do
69, 431
12, 066
54, 658
2,707
71, 116
13, 008
55, 121
2,987
57, 162
22, 515
32,332
2,315
59, 242
20, 435
36, 645
2,162
64,069
18, 856
43, 032
2,181
68, 203
17, 042
48,847
2,314
72,375
16, 103
53. 764
2,508
74, 727
15, 162
56,829
2,736
75, 903
13, 815
59, 153
2,935
73,804
11, 470
59,325
3,009
71, 116
13, 008
55, 121
2,987
66, 532
16, 288
47, 527
2,717
62, 143
19, 435
40, 455
2,253
57,287
22, 771
32, 813
1,703
30, 130
1,607
do
1,293
1,086
60
61
85
60
69
121
66
96
97
108
87
116
82
7,215
7,117
7,321
7,288
6,639
6,605
6,696
6,678
6,951
7,102
7.055
7,198
7,530
7,631
7, 626
7,757
8,182
8,231
8,097
7,841
8,476
8,443
3,161
3,224
3,299
3,354
3,204
3,068
2,960
2, 836
2,842
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62. 70
63.00
63.50
62.70
63.00
63.50
62.70
63. 00
63.50
62.70
896
1,180
653
919
1,262
698
896
1,256
709
882
934
581
896
1,240
747
897
1,169
703
909
1,235
742
850
1,262
716
913
1,212
662
912
1,186
650
'979
1, 283
'693
1,008
1,362
771
134
81
48
133
93
55
131
88
53
132
64
41
137
85
51
132
89
51
122
95
49
120
89
51
120
86
47
121
91
53
122
'85
42
123
91
48
127,213
131.0
10, 349
129.6
10, 577
128.2
9,576
119.9
9,620
116.6
10, 300
124.8
10,438
130.7
11, 171
135.4
11, 299
141.5
11, 953
144.9
12,015
145.6
11, 795
152.8
293
1,857
1,554
404
162
136
373
165
139
342
168
142
328
124
105
317
138
113
319
138
116
303
143
118
300
145
119
293
150
125
336
159
127
318
154
'126
308
158
128
189,995
183,897
6,763
7,247
7,029
6,221
7,169
6,700
7,181
7,310
7,003
7,758
7,901
8,752
9,035
3,806
6,764
9,103
1,776
4,061
6,133
7,948
1,434
326
536
665
154
316
538
667
147
291
481
660
125
264
448
574
95
327
492
645
98
329
494
597
78
363
511
640
94
371
518
691
88
376
493
680
109
380
495
759
127
380
525
752
139
422
562
843
143
439
586
840
140
J4, 523
9,126
3,276
1,999
9,233
3,495
5,828
35, 468
10, 137
15, 972
13, 053
7,961
3,249
1,733
8,969
3,133
6,591
32, 574
9,312
14, 709
1,069
650
267
143
722
270
589
2,432
686
1,085
1,106
662
279
156
897
275
564
2,737
796
1,238
1,093
637
297
149
908
280
601
2,590
773
1,111
958
560
278
113
736
229
541
2,377
695
1,067
1,124
663
312
142
820
276
596
2,790
793
1,267
1,024
617
288
112
718
267
685
2,508
726
1,121
1,108
650
311
137
710
270
560
2,924
841
1,301
1,136
702
281
144
725
253
333
3,196
885
1,508
1,044
672
236
128
662
225
427
2,986
823
1..435
1,138
749
218
161
730
267
573
3,290
947
1,573
1,155
757
228
161
851
282
509
3, 307
971
1,587
1,296
857
259
170
957
314
582
3,633
1,049
1,681
1,303
842
279
173
1,175
345
654
3,552
986
1,667
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do
Exports
do
Stocks total end of period
At mines
At furnace yards
At U.S docks
Manganese (inn. content), general imports
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons__ i 91, 500 i 86, 976
91, 770
Consumption
do
87,371
Stocks (consumers' and suppliers'), end of period
2,962
thous. sh. tons_.
2,842
Prices:
62.74
Composite
$ per Ig. ton__
62.70
63.00
Basic (furnace)
do
63.00
63.50
Foundry No 2 Northern
do
63.50
Castings, gray iron:
Orders, unfilled, for sale, end of period
962
thous. sh. tons__
913
15, 716
Shipments total
do
14, 329
8,927
For sale
do
8,128
Castings, malleable iron:
Orders, unfilled, for sale, end of period
182
thous. sh.tons_120
1,133
Shipments total
do
1,040
688
For sale
do
615
r
Steel, Raw and Semifinished
Steel (raw):
Production
thous sh. tons i 134,101
138.1
Index
daily average 1957-59=100
Steel castings:
Orders, unfilled, for sale, end of period
590
thous. sh. tons__
2,155
Shipments total
do
1,792
For sale total
do
12,721 ' 12,450 *> 12,701
154.2 '155.9 *>153.9
Steel Mill Products
Steel products, net shipments:
Total (all grades)
do
By product:
Semifinished products
do
Structural shapes (heavy), steel piling — do
Plates
do
Rails and accessories
do
Bars and tool steel total
Bars: Hot rolled (incl. light" shapes)
Reinforcing
Cold
finished
Pipe and tubing
Wire and wire products
Tin mill products
Sheets and strip (incl electrical) total
Sheets* Hot rolled
Cold rolled
By market:
Service centers and distributors
do
do
do
do
do
do
do
do
do
do
Contractors' products
Automotive
do
do
i 16, 400 i 14, 863
1 11, 862 i 11, 375
i 4, 969 i 4, 582
i 17, 984 i 16, 488
Rail transportation
Machinery industrial eouip tools
Containers, packaging, ship, materials
Other
do
do
do
do
i 4, 332
i 5, 747
i 6, 597
i 22, 104
i 3, 225
14,994
i 7, 255
1
21, 115
10.1
65.1
67.9
9.1
62.5
63.5
do
Steel mill products, inventories, end of period:
Consumers' (manufacturers only)__mil. sh. tons__
Receipts during period
do
Consumption during period
do
9.4
4.9
5.4
9.0
5.3
5.7
3 706
3,161
1,197
3,793
3,475
2 876
1,133
4,029
3,864
2,722
1,168
4 774
4,110 21,641
3,111 2 1, 223
1,233
2485
5,650 2 1, 945
899
1 221
1,952
5,109
634
1,103
1,956
4,885
702
1,275
1,517
5,470
871
2293
2556
1,557
2727
1,873
5,987 2 2, 164
8.7
5.1
5.4
9.1
4.5
4.1
9.1
5.3
5.3
8.8
5.1
5.4
9.1
5.7
5.4
9.2
5.7
5.6
9.1
5.4
5.5
9.6
6.1
5.6
10.1
6.0
5.5
10.5
'6.2
'5.8
5.4
5.6
5.7
5.6
5.3
5.2
5.4
5.3
5.2
5.3
5.6
5.5
'5.5
5.5
9.8
9.2
12.5
9.6
10.5
9.1
10.7
9.0
10.4
8.7
10.8
8.7
10.7
8.7
11.1
8.8
11.6
8.8
11.8
9.1
12.5
9.6
12.3
10.1
12.0
10.4
'11.7
10.5
Steel (carbon), finished, composite price.- _$ per lb_,
.0842
r
Revised.
* Preliminary,
i Revised total; monthly revisions are not availab e.
.0850
.0848
.0848
.0848
.0852
.0848
.0848
2Fo r month shown.
.0854
.0855
.0860
.0864
.0865
.0865
Service centers (warehouses)
do
Producing mills:
In process (ingots, semifinished, etc.)
do
Finished (sheets, plates, bars, pipe, etc.)_do
pll.4
P6.7
P5.8
pll.5
plO.l
.0865
SURVEY OF CUKRENT BUSINESS
June 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1968
1967
1967
Annual
S-33
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons.. 2,968.4 3,269.3
783.0
Recovery from scrap (aluminum content) do
808.0
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% minimum. __$ per lb..
Aluminum shipments:
Ingot and mill products (net)
Mill products total
Plate and sheet (excluding foil).—
Castings J
mil Ib
do
do
do
Consumption, refined (by mills, etc.)
Stocks, refined, end of period
._
Fabricators'
Price, bars, electrolytic (N.Y.)
278.9
65.0
270.1
63.0
277.0
58.0
277.6
64.0
270. 4
65.0
283.8
65.0
277.2
69.0
282.7
66.0
285.3
521.8
119.1
188.2
450.5
56.3
209.0
44.5
5.3
21.9
39.0
4.5
19.6
37.9
4.7
18.3
26.4
3.6
20.3
30.7
3.4
12.3
43.0
3.1
12.8
35.3
3.1
11.0
37.7
4.2
12.4
45.7
3.4
11.1
54.6
4.7
13.3
44.7
4.1
13.7
89.6
4.4
12.3
69.6
5.4
15.5
74.8
.2450
208.0
.2498
83.1
.2500
93.3
.2500
109.8
.2500
142.0
.2500
170.6
.2500
187.6
.2500
204.9
.2500
216.1
.2500
208.0
.2500
213.0
.2500
.2500
.2500
.2500
8,797.6
6,457.5
2,936.7
1,633.7
8, 856. 5
6, 365. 9
2, 868. 1
1, 534. 7
730.4
524.2
243.3
128.4
752.1
565.7
242.5
135.8
751.0
549.2
254.2
133.3
658.3
486.9
216.9
98.6
743.3
527.4
227.5
133.6
745.8
534.3
243.1
115.2
760.8
560.6
255.5
121.6
730.6
539.2
245.0
130.1
749.2 ' 846. 2
507.4 ' 583. 3
234.2 '281.5
137.0
127.9
835. 0
594.1
285.7
139.4
137.6
131.9
138.3
114.9
23.4
42.3
130.4
160.0
129.8
30.2
42.7
127.0
161.9
130.0
31.9
43.2
66.5
88.8
70.3
18.6
27.9
31.7
42.9
27.3
15.6
20.5
22.4
30.0
8.3
21.7
22.8
23.5
37.8
4.5
33.2
29.6
21.8
16.0
21.5
18.1
22.9
17.7
28.0
16.1
41.0
29.2
27.4
23.3
21.2
24.9
37.8
113.8
96.0
77 4
18 6
36.4
Copper:
Production:
Mine, recoverable copper
thous. sh. tons._ 1, 429. 2 949.8
Refinery, primary
do
1,711.0 1, 133. 0
From domestic ores
do
1,353.1 846.6
From foreign ores
do
357.9 286.4
472.0 394.5
Secondary, recovered as refined
do
Imports (general) :
Refined, unrefined, scrap (copper cont.)__do
Refined _ _ _ _
- _ do _
Exports:
Refined and scrap
_ _ _
_
do Refined..
do _
268.4
67.0
596.7
162.7
644.1
328.3
45.4
21.3
55.2
18.2
59.3
22.5
39.9
18.2
36.6
17.9
57.8
26.9
61.4
45.0
79.9
58.1
64.4
47.5
99.5
78.3
86.3
74.1
88.4
74.3
111.4
73.5
334. 7
273.1
241.8
159.4
27.7
21.5
20.6
16.0
32.9
28.7
24.2
18.3
11.3
4.3
12.5
4.9
12.1
4.2
13.3
2.9
10.4
2.0
9.4
2.5
12.6
1.1
17.2
2.2
19.4
5.4
do _
2, 382. 0 1, 948. 2
169.5
do ...
240. 0
114.1
174. 0
do
$ perlb__
.3617 8. 3823
187.0
240.8
193.6
.3817
191. 7
270.7
205.6
.3812
192.2
289.6
223.6
.3808
102.2
318.4
247.8
.3830
142.5
279.2
210. 3
.3909
133.5
238.1
172.5
134.9
204.4
139.5
122.6
185.1
124.1
121.4
169.5
114.1
109.8
169.5
107.6
96.4
159.2
100.9
107.8 *>163.4
167.4 P. 180. 9
98.8 p 127. 7
.4219
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
3,326
2,494
1,007
2,595
2,356
966
Lead: A
Production:
Mine, recoverable lead
thous. sh. tons..
Recovered from scrap (lead cont.)
do __
327.4
i 572. 8
311.1
545.3
29.5
43.3
31.9
45.5
27.8
40.9
24.4
39.2
24.6
48.7
23.3
46.9
24.3
48.6
~21.9
50.1
21.9
46.6
22.4
47.3
'22.3
49.6
22.2
51.2
431.3
488.4
11,323. 9 1,240.2
36.2
104.9
34.6
108.8
54.0
103.8
38.2
85.4
43.6
102.6
30.3
100.9
41.2
109.8
42.5
104.5
33.6
104.6
43.9
108.8
39.3
105.1
43.8
106.2
Imports (general), ore (lead cont.), metal
Consumption, total
do
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. sh. tons..
Refiners' (primary), refined and antimonial
(lead content)
thous
sh tons
C onsumers' (lead content)
rf1
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. sh. tons
Price, common grade (N.Y.)
$ perlb._
596
579
244
605
529
232
649
609
249
160.2
154.7
159.1
158. 8
165.0
171.2
169.8
173.4
168.8
160.2
166.1
158. 8
156. 8
23.4
490.3
23.6
100.7
32.2
97.3
33.7
93.5
31.6
105.3
31.5
114.2
28.2
112.8
22.7
108.5
19.5
106.0
19.1
102.0
23.6
100.7
17.2
88.1
14.0
86.1
13.2
99.4
452.8
.1512
53.6
.1400
49.3
.1400
50.4
.1400
50.8
.1400
51.3
.1400
49.9
.1400
46.8
.1400
47.9
.1400
48.2
.1400
53.6
.1400
57.5
.1400
58 2
.1400
58.9
.1400
Ig. tonsdo
_do
do
_do__do -
2 4, 372
3,255
41, 624 49, 924
25, 318 21, 475
3,315
3, 380
85, 486 r 80, 646
60, 209 '57,856
32
5,350
1,885
270
6,685
4,740
179
3, 933
1,955
270
7,570
5,350
0
3,328
2,010
280
7,065
5,125
0
4,359
1,620
320
5,995
4,370
0
3,302
1,775
275
6,220
4, 690
964
4,305
1,530
305
6,025
4,530
1,013
4,416
1,615
295
6,150
4,545
68
5,343
1,665
285
6,165
4,485
467
4,775
1,625
290
6,265
4,655
0
5,473
1,720
275
7,010
5,160
784
5, 145
1,616
241
6,775
4,965
49
3,895
1,655
245
7,010
4,925
Exports, incl. reexports (metal)
_
do
Stocks, pig (industrial), end of period.
do
Price, pig, Straits (N.Y.), prompt
$perlb-
3.069
2,509
22, 687 '18,662
1. 6402 1. 5340
209
20, 825
1. 5333
257
20, 265
1. 5311
165
20, 560
1. 5494
65
20, 975
1. 5439
240
19, 855
1.5250
39
18, 607
1. 5101
30
19, 250
1. 5199
75
17, 590
1. 5501
36
18, 670
1. 5259
190
17, 965
1. 4788
303
17, 515
1. 4563
969
17, 965
1. 4562
Zinc:A
Mine production, recoverable zinc
thous. sh. tons__
Imports (general):
Ores (zinc content) . .
do
Metal (slab, blocks)
do
Consumption (recoverable zinc content):
Ores
Scrap, all types
do
do
572.6
546.4
49.4
50.3
48.2
44.6
48.7
43.2
42.1
41.3
41.1
42.8
'42.1
42.2
521. 3
277.4
534.1
221.4
46.8
14.9
56.9
15.4
64.0
17.0
45.2
18.3
37.6
20.6
28.3
16.1
29.8
11.9
44.8
23.0
32.8
19.0
50.3
29.3
33.7
30.8
47.8
35.8
i 126. 7
i 269. 6
106.1
223.1
9.3
18.8
8.8
19.0
8.0
18.5
7.6
17.7
8.6
18.4
8.3
18.2
8.6
18.6
10.0
18.6
8.9
18.1
10.4
20.1
8.8
18.9
8.6
19.1
73.8
4.8
83.7
4.3
70.2
5.1
102.9
1.1
68.3
5.8
99.5
.1
65.6
7.0
108.6
.1
68.5
6.5
106.5
(3)
71.6
6.0
100.7
.1
69.6
6.1
112.2
.6
64.3
6.0
104.0
5.7
68.1
6.1
108.2
6.3
Slab zinc:
Production (primary smelter), from domestic
and foreign ores
thous. sh. tons
87.6
83.0
1,038.1 943.0
86.0
Secondary (redistilled) production
do
5.4
4.9
72.4
5.7
67.7
Consumption, fabricators'
do
1,410.2 '11,236.8
97.3
99.8
100.4
Exports
do
10.6
1.4
.1
16.8
(3)
Stocks, end of period:
Producers', at smelter (AZI)O
do
113.4
103.7
105.6
464.8
84.3
Consumers'
do
103.7
129.5
96.0
97.3
97.3
Price, Prime Western (East St. Louis)_$ per Ib- . .1450
.1355
.1450
.1384
.1356
r
Revised.
» Preliminary.
1 Annual total;4 inonthly revisions are not available.
2 Total for 11 months.
s Less than 50 tons.
Reported yearend stocks. 3ee BITSD.FESS
STATISTICS note. « Jan.-Aug. average.
ITEffective 1966, estimates are derived from a new £ ample and are not directly compar able
with earlier data; see note in Feb. 1967 SURVEY.
.4207
624
567
257
142.2
Tin:A
Imports (for consumption) :
Ore (tin content)
__ .
__
Bars, pigs, etc
Recovery from scrap, total (tin cont.)
As metal—Consumption, pig, total
Primary.. _ _
.2500
38.7
.1400
.1304
417
4,928
7,285
5,115
197
18, 490
1. 4521 1. 4330
30.2
31.1
11.6
66.4
65.4
73.4
64.8
62.9
117.9
116.7
94.5
89.0
84.3
109.3
90.9
97.4
93.7 '94.2
90.1
101.2
93.0
89.2
88.7
. 1350 . 1350
.1350
.1350
.1350
.1350
.1350
.1350
. 1350
.1350
.1350
AD ata refle ct sales fi om the (jrovernm ent stoc] tpile.
rfC onsumer s' and se condary smelters ' lead st ocks in r efinery s hapes an d in copper-base
scrap
OProducers' stocks €Isewhere , end of ]May 1968 , 9,100 tons.
SURVEY OF CURRENT BUSINESS
S-34
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
Annual
June 1968
Apr.
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES—Continued
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and convectors, shipments:
19.7
Cast-iron
mil. sq. ft. radiation_.
290.4
Nonferrous
do
Oil burners:
Shipments
thous-. i 3559. 5
44.1
Stocks, end of period
do
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers), shipments
thous - - 12,135.6
234.1
Top burner sections (4-burnerequiv.), ship___do
Stoves, domestic heating, shipments, total do
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments, total
thous-Gas
do_
Water heaters, gas, shipments
do
6.9
84.4
.3
5,8
.5
5.7
.7
6.9
.4
5.6
.5
8.8
.8
9.6
.7
9.8
.6
8.0
.5
6.4
.5
8.0
.6
7.3
625.2
27.3
30.3
43.3
46.2
40.4
55.6
42.4
35.7
42.6
69.2
44.0
71.5
36.8
74.9
29.7
61.9
28.9
46.5
27.3
47.1
32.4
51.5
30.2
2, 132. 7
194.3
161.3
13.6
182.4
15.9
194.5
18.6
133.5
13.8
185.4
18.4
197.6
21.2
195.5
18.9
191.8
17.5
181.9
14.5
164.8
13.8
173.2
14.7
1, 482. 3 1, 313. 0
928.9
1, 033. 8
69.6
44.7
98.5
68.2
101.2
81.8
115.7
85.2
157.1
113.4
190.7
134.7
188.0
136.4
120.1
92.7
67.5
44.7
76.4
44.5
60.3
33.0
1, 525. 1 1, 404. 0
U,211.3 1, 082. 7
2, 488. 9 2, 602. 3
90.1
72.8
224.6
98.7
78.7
199.2
107.0
81.3
203.3
113.1
89.2
176.1
144.7
108.5
225.5
172.5
126.6
214. 7
168.9
126.7
233.3
126.8
96.9
197.1
113.2
93.5
240.8
108.3 'r 108. 7 125.5
103.5
88.7
89.5
209.7
252.3 235.4
279 9
300.5
523.5
255.0
323.9
213.1
207.0
319.8
536.0
210.2
284.9
270.1
275.2
380.5
210.4
179 3
23.9
95.9
140.7
U2.3
171.6
10.6
1.0
5.8
9.7
1.8
4.0
14.1
1.2
8.4
10.9
1.0
7.1
14.3
.5
9.8
10.7
.5
3. 6
5.5
1.1
1.8
10.3
1.3
6.3
11.0
.5
7.1
10.2
.8
7.1
12 7
.7
9.6
4.4
.5
1.1
9 3
.9
5.6
1
42.2
32.1
79.5
48.9
MACHINERY AND EQUIPMENT
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, adjf_..--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 type tools:t
Orders, new (net), total
Domestic
Shipments, total
Domestic
Order backlog, end of period
Metal forming type tools:f
Orders, new (net), total
Domestic
Shipments, total
Domestic
Order backlog, end of period
206 1
197 9
234.8
170 8
203.5
185 3
213 2
201 0
189 2
221 1
186 7
189 6
189 1
243.7
10 390
12 404
11, 133
12 174
997
1,032
1,079
1,014
1,136
995
844
885
789
780
875
1,021
845
1 067
903
1 058
912
1,086
941
992
819
971
823
1,168
819
1,016
47 043
41 996
3,552
3 748
3 938
3,283
3 284
3,665
3 292
2 961
3 406
3 418
3 367
3, 746
3,559
85.80 •• 94. 15
74 60 r f 84 90
114 90 139. 75
104. 65 r 125. 40
1 0320 * 986 4
92.25
80 60
106. 35
89.80
972 3
mil. $._ 1 629 90 I 134 95 90.85 101. 00
1 483 10 1 024 65 82.65 90.85
do
1 221 75 1 353 20 103. 60 118. 30
do
do
1 097 50 1 211 05 92.60 107. 35
do
1 306 7 1 088 5 1, 269. 3 1 252 0
do_.
do_.
do_.
do-.
do_.
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-__thous..
Household electrical appliances:
Ranges, incl. built-ins, shipments (manufacturers'), domestic and export
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-.
445 72
401 35
463 45
436 85
394 4
25.25
20 20
40.35
38 70
323 5
286 65
248 15
452 75
406 90
228 3
21 70
18.20
40.40
37 00
304 8
111 922 4 11 757 o
476 0
388 4
162 3
84 4
93.90 115. 60
75 50
110. 80
78.80
77.25
77.45 88.35
80.15
100. 05 82.95 105 60
64 20
74 40
71 75
67 65
129. 80 102. 55 93.05 122 40 106 20 114 25 137. 40 102 85
115. 50
91.45
94.70 83.65 108. 85 95.80 101. 45 121. 40
1 233.0 1 224.3 1 246 9 1 203 3 1 174 3 1 137 5 1 088.5 1 061 1
28 50
23 65
46.70
37 70
286 6
25 35
18 75
29.70
26 10
282 3
19 30
18 30
28.80
24 65
272 8
534.4
121.7
28 0
21 60
19 20
31. 90
29 40
262 5
24 10
21 75
41 15
37 30
245 4
23 60
21 70
34.55
31 15
234 5
417.2
92.6
17 5
7
33 25
27.20
39.45
35 15
228 3
21 85
20 45
31 50
25 20
218 6
r
22 80
19 15
23 75
16.85
22 50 r'20 40
28.15
29 30 r 32. 15
27 95
24 90
27 55
213 1 ' 203. 7 194 7
370 4
78.8
18 3
434.9
* 25.0
*83.1
* 85.0 * 105. 4
i 412 9
406 9
122 5
91 0
91 3
1 005 9
957.9
294 0
185.1
204.9
1 220 6
1 203 4
348 7
263.4
215 6
32 124
32 062
1 872
1 897
2 070
2 028 0
1 909 6 r 149 8
158 9
163 0
5 582 7
4,446.5
145 8
5 677 4
4, 376. 0
155 6
397 7
276.0
139 0
394 9
349.2
2, 360. 8
2,642.3
119. 4
Radio sets, production©
do
23, 595
Television sets (incl. combination), prod.O_-do
12, 402
Electron tubes and semiconductors (excl. receiving,
power, and spec, purpose tubes), sales
mil. $.. iggg 3
Motors and generators:
239
New orders (gross) :
Polyphase induction motors, 1-200 hp. ..mil. $._ « 113
113. 3
51
3
D.C motors and generators 1 200 hp
do
51.3
21,698
10,881
712 0
r
6
97 6
697.6
47
47.55
2117
189 8
187.9
183 6
175 1
497 8
376.4
164.1
177.6
565 1 471 8
377.4 ' 324. 5
330.2
247.4
228.2
200.2 ' 155. 8
142.8
5 2,278
5
1, 066
1,463
798
1,787
919
s 2, 134
s 1, 114
1,549
818
1,682
904
59 9
58 3
56 1
61.7
57.8
3 133
3 246
3 609
3 431
3 179
163 7
131 7
165 1
153 0
162 8
176 7
173 4
191 6
156 1
444 6
386.1
140 8
415 2
360.7
106 6
489 0
443.3
151 4
514 6
467.2
171 1
574 9
428.7
161 2
563 4
321.5
139 6
477 4
292.9
147 0
505 0
347.2
117.5
146.6
169.1
285.7
316.2
325.8
297.2
256.1
1,483
680
1,584
729
5 1, 621
5728
1,027
474
1,767
858
s 2, 574
s 1, 219
2,164
1,031
2,226
1,022
56 1
58 2
59 2
47 4
62 2
60 2
62 2
58 2
218
««9.1
91
44.3
3
6
83
68.3
55.00
6
88. 4
33.66
6
76
67.6
3.99
3
667.3
7 ^
3
3.00
6
75
67.5
3
1
3.1
207
188
188
6
68
4
8 .4
44.00
6
29. 8
3 852 r 2 736 »• 2, 215
2 396
205
4
76
67.6
3
3.44
66 66.88
35
3.5
1,011
59
947
48
6
6
66. 9
3.8
38
6
75
67.5
41
4.1
6
75
67.5
36
3.6
68.1
8.1
897
28
894
25
994
17
' 1,164
39
4.6
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tonsExports
do
Price, wholesale, chestnut, f.o.b. car at mine
12, 941
766
12,002
595
932
37
1,079
46
975
45
12.824
12. 892 12.005 12. 005 12.005
Bituminous:
Production
thous. sh. tons.. 533,881 551, 000 45, 179 49, 689 45, 174
r
2
Revised.
1 Revised total; monthly revisions are not available.
Total for 11 months.
3
Reported year-end stocks. See BUSINESS
STATISTICS.
•* For month shown.
s Data cover
6
5 weeks; other periods, 4 weeks.
Excludes orders for motors
1-20 hp.; domestic sales of
7
this class in 1967 totaled $110.5 mil.; Apr. 1968, $9.5 mil.
Effective 1st quarter 1967,total
shipments and shovel loaders include types not previously covered and off-highway wheel
tractors exclude types previously covered; also, the wheel tractors for 3d quarter 1967 omit
one type (usually included) to avoid disclosure of individual operations.
880
35
1,235
49
1,024
76
962
63
918
12. 495 12. 495 12. 985 12. 985 13. 475 13. 825 13. 825 13, 867 13.867
36, 869 50, 883 45, 480 48, 693 47,304 43, 169 45, 180 43, 830 ' 47,510 48, 315 49, 545
IfData (back to Jan. 1965) reflect revisions and new seasonal adjustment factors.
tRevised series. Monthly data for 1956-66 are on pp. 35 ff. of the Mar. 1968 SURVEY.
{Revised to include combination washer-driers.
9 Total includes data not shown
separately.
GRadio production comprises table, portable battery, auto, and clock models; television
sets cover monochrome and color units.
SURVEY OF CUERENT BUSINESS
June 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
Annual
S-35
1967
May
Apr.
June
July
Aug.
1968
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous— Continued
Industrial consumption and retail deliveries,
total?
thous. sh. tons. .486, 266
Electric power utilities
do__ _ 264, 202
201,490
Mfg and mining industries, total
do
95, 892
Coke plants (oven and beehive) __ __do
480, 255
271,784
190,905
92, 111
37,366
20,955
15,635
7,607
38, 150
21, 543
15,845
7,836
37, 590
22, 318
14, 770
7,327
36,724
21,999
14,199
7,367
38,835
22, 922
14,957
7, 528
37, 133
21, 133
14,633
7,438
40, 114
22, 528
15,939
7,829
42,066
23,364
16, 674
7,840
44,035
24,631
17,247
8,165
19, 965
17,099
729
693
433
473
895
1,311
1,592
1,985
2,148
2,780
2,380
1,730
74, 466
52, 895
21, 332
9,206
93, 128
69, 737
23, 212
10, 940
74, 696
53, 702
20, 846
9,829
80,209
58, 156
21,855
10, 596
85, 234
61, 831
23, 175
11, 019
80, 621
60,150
20, 240
8,774
86, 726
65, 089
21, 392
9,465
90, 707
68,653
21, 825
9,726
94, 467
70, 935
23, 305
10, 611
95, 001
71, 357
23,345
10, 914
93, 128
69, 737
23,212
10, 940
86, 325
64, 269
21, 921
10, 422
82 356
60, 631
21, 614
9 815
82, 724
60, 830
21, 894
10 492
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of period,
total
thous. sh. tons
Electric power utilities
do
Mfg. and mining industries, total
do
Oven-coke plants
do
43, 181
24, 346
17, 102
8,206
239
179
148
198
228
231
245
229
227
199
179
135
111
80
49, 302
49, 510
4,193
4,912
4,987
4,032
4,641
3,966
4,722
4,948
3,775
3,241
2 786
3 061
4.952
6.971
5.217
6.795
5.238
6.463
5.231
6.426
5.224
6.417
5.237
6.561
5.233
6.596
5.272
6.681
5.242
6.856
5.287
6.998
5.278
7.017
5.281
7.077
5,281
7 077
5.313
7.077
1,442
65, 959
17, 611
834
63,737
18, 187
5,312
1,420
60
59
5,394
1,545
55
47
5,105
1,605
5 208
1 540
5,154
1,529
74
74
5 098
1,535
5 410
5 412
1 523 1,483
75
5,643
1,606
5,602
1,535
5 352
1 497
5 686
81
5 528
3,078
2,863
215
1,459
1,102
5,467
4,961
3,963
3,687
277
1,372
50
4 350
4,051
4,766
4,371
396
1,451
36
5 016
4,595
421
1,408
84
5,277
4,824
453
1,413
61
5 439
4 972
5 499
5,022
5,467
4,961
64
46
5 226
4 766
*460
1 297
4 736
4 240
496
51
5,375
4,879
495
1,342
78
5 016
4 579
437
710
3,732
3,465
267
1,420
58
65
47
number-- 16, 780 115,367
2.93
$ per bbl__
3.02
mil. bbL_ 3, 447. 2 3, 582. 6
% of capacity-91
93
1,054
3.00
282.9
91
1,243
3.00
297.1
1, 466
3.00
310.0
94
1,056
3.05
309.7
94
1,133
3.05
302.0
94
1,774
3 05
310 9
1,193
3.05
299.1
2,061
3.05
318.1
90
1,234
3 00
294.6
92
94
94
96
3.05
312.9
3 05
297 0
Retail dealers
do
Exports
._
do
Prices, wholesale:
Screenings, indust. use, f .o.b. mine
$ per sh. ton_.
Domestic, large sizes, f.o.b. mine
do
COKE
Production:
Beehive
Oven (byproduct)
Petroleum coke§_Stocks, end of period:
Oven-coke plants, total
At furnace plants
At merchant plants
Petroleum coke
Exports..
47, 344 '44,525
26,646 25, 115
17,917 '•17,030
8,095 •• 7, 749
thous. sh. tons__
do
do
_ .
do _
do
do
__do
__do
506
1,364
299
1,387
48
60
56
467
1,400
477
1,337
74
506
1,364
70
83
r 78
4 512
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Okla.-Kansas)
Runs to stills
Refinery operating ratio
All oils, supply, demand, and stocks :
New supply, total
Production:
Crude petroleum
Natural-gas liquids, etc
Imports:
Crude petroleum
Refined products
4, 656. 8
381.4
383.6
368.4
388.6
402.6
378.7
402.2
383.5
408. 2
418. 4
396 3
do
do
3,027. 8
468.7
3, 216. 5
514.5
254.3
42.6
260.0
43.3
256.3
41.5
283.9
42.7
292.5
43.3
272.9
41.6
279.1
44.7
269.4
44.0
276.2
45.1
279.7
45.3
270 3
43 7
do
do
447.1
492.0
411.6
514.2
38.2
46.4
39.9
40.4
33.6
37.0
30.1
31.9
31.5
35.3
31.5
32.7
31.9
46.5
29.6
40.4
37.5
49.4
30.5
'62.9
28 2
54 2
—53.6
—26 9
Stocks, end of period, total t
Crude petroleum
_
Unfinished oils, natural gasoline
Finished products
Refined petroleum products:
Gasoline (incl. aviation) :
Production
Exports
Stocks, end of period
38.1
63.9
33.4
4, 397. 5
4, 592. 9
348.0
do
1.5
26.5
do
70.9
85.4
do. _, 4, 325. 1 4, 480. 9
do
1, 793. 4 1, 842. 7
do
100.1
101.1
.3
6.8
340.9
do_ —
do _ _
do
Lubricants
Asphalt
Liquefied gases
__do
do
-_do
._
do
do _ _ _
.do
do
_ __do
do
do
145.7
5.7
5.0
21.0
18.7
23.4
11.6
-23.3
-8.5
371. 1
363.3
367.6
383.8
355.3
390 6
406.7
416.8
0
6.9
364.2
1.8
7.0
354.6
8.5
7.7
8.2
8.1
367.5
6.0
8.4
340.9
14
1
8.4
398.3
.1
5.9
12.5
r
161.1
165.5
6.2
4.3
351.4
162.7
5.5
171.0
152.6
6.1
7.1
7.6
381.6
160 6
7.7
154 5
10.5
410.7
150.6
11.4
T
471 6
2
6.2
100 7
69 1
27 2
58.3
52.7
24 3
60.4
49.8
24.6
49.2
45.5
25 6
48.6
41.5
27.2
47.3
44.4
26 3
47.7
40.8
26.0
60 3
56.2
28 3
80 3
56.8
26 3
92.7 r 117 3
63.5
84 4
26.7
26 0
48.9
134.1
323.9
44.3
131.2
344.4
36
7.8
38
11.9
24.3
4 1
15.5
23 6
34
16.3
24.2
4 0
20 3
25 0
3.9
24 1
16.7
25.8
35
15 0
29 1
36
93
35 3
35
4 4
36 6
874.5
238.4
40.4
595.7
938.4
249.0
65.7
623.7
878.1
266.8
44.3
567 0
890.5
268.8
52.7
569 0
895 6
261.6
59.3
574 6
916.5
256.2
66.0
594.3
935.3
261.6
71.7
602 0
958.6
257.3
75.9
625.5
970 2
255.1
76.3
638 8
1 792 6 ' 1 845 8 142 7
3
4.9
38
194.2
214.7
208.0
151 8
.3
206.9
155 5
159 2
160 3
158 8
159 4
155 3
165 8
1 ^Q A.
197.8
194.3
183.7
190.5
190.2
191 7
208 0
220 4
2
7
6
7
3
9
2
4
3
4
38
4 0
42 5
938.4 2 ggo 5
249.0
244 9
2
65.7
93 6
623 7 2 552 0
3
3
64
416 5
144 5
12 2
816.7
652.1
300.8
946
254
70
622
423 1
' 465. 2
147 8
16 3
797.4
626.4
244.4
Prices (excl. aviation):
Wholesale, ref. (Okla., group 3)
$ per gal__
.114
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gal
.216
Aviation gasoline:
Production
mil. bbl._
41 2
Exports
_ ___
do
3.4
Stocks, end of period
_
do
7.8
Kerosene:
Production
do
102 1
Stocks, end of period
do
25.0
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal..
.104
r
Revised.
1
Annual total reflects revisions not distributed to the monthly
this page.
1 Beginning Jan. 1868, da*** cue
liquids are shown as "unfinished
while refined products becomi
r
g
3 05
96
4,435.6
do
Distillate fuel oil
Residual fuel oil
Jet fuel
95
934
mil. bbl_
Change in stocks, all oils (decrease,—). _ _ _ d o
Demand, total
Exports:
Crude petroleum
Refined products
Domestic demand, total 9
Gasoline
Kerosene
940
38
4 °
36 6
863
245
94
524
7
3
3
1
147 6
1
224 2
.117
.120
.120
.120
.120
.120
.120
.110
.115
.115
110
115
.115
.226
.225
.224
.228
.226
.230
.226
.226
226
229
99 K
225
228
37.1
30
35
28
3.3
.3
7.3
3.3
.4
7.6
31
2 9
2 7
2 3
2 2
7 5
3.1
.6
7.3
75
7 9
7 6
78
7.6
7.5
23.7
25.1
7e
25 5
86
26.4
10 1
25 9
10 6
25 4
10 3
19 3
9 7
16 8
4.0
7.9
.3
7.9
.3
7.9
2
100.2
25.4
7 2
18.7
69
19.4
6 5
21 6
.110
.109
.109
.109
data,
2 See note "1" for
3
7.6
4
3
3
230
1
.112
.112
.112
.112
.112
.112
.112 '
.112
.112
ural gas processing plants, terminals, and bulk plants). Also, as a result of increased coverage
in certain bulk terminals, stocks of distillate and residual fuels are on a new basis. Dec. 1967
data on new basis (mil bbl): Total stocks, 944.1; unfinished oils, etc. 96.0; finished products,
599.1; distillate 159.7; residual, 65.6.
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
SURVEY OF CURRENT BUSINESS
S-36
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
Apr.
Annual
June 1968
May
June
July
Aug.
1968
Sept.
Oct.
Dec.
Nov.
Jan.
Mar.
Feb.
Apr.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
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
Stocks end of period
mil. bbl
do
Lubricants:
Production
do
Exports
do
Stocks end of period
do
Price, wholesale, bright stock (midcontinent,
f.o.b., Tulsa)
$ per gal
Asphalt:
Production
Stocks end of period
mil bbl
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. squares
Roll roofing and cap sheet
do
Shingles all types
do
Asphalt siding
Insulated siding
Saturated felts
do
do
thous. sh. tons
804.8
18.5
785.8
13.8
4.4
154.1
63.0
4.3
1.4
.4
157.1
92.8
62.7
64 9
13
67 6
68 3
3
.9
.4
96.4
1.1
.2
113.0
132.6
154.5
099
.102
.102
21 6
26 6
21.5
23.1
21.1
26.5
1.3
.1
73 8
35
69 1
12
69 2
17
65 5
6
1.4
.5
176.6
186.7
172.8
.102
.102
.102
.102
.102
102
.102
20.9
24.2
21 7
35 4
24.5
30.9
27.5
37.9
27 7
50 9
1.45
.4
74 3
r 3 7
7
.4
157.1 * 119. 8
74 5
35
3
96 9
.094
.100
.099
.099
264.0
376.8
12.9
61.2
1.62
276.0
395.8
22.0
62.5
1.47
22.8
36.5
21.6
30.8
58.6
1.45
59.8
1.45
61 2
1 45
62.7
1.45
63.7
1.45
65 5
1.45
65 0
1.45
61.4
1.45
62.5
1.45
158 5
1 45
24 5
42 3
15
55 1
1 45
215.5
19.4
273.2
22.2
21.9
20.2
22.7
20.4
23.4
21.3
23.7
21.0
23.8
21.6
23.5
21 1
25.1
21 8
24.2
22.0
24.0
22.2
24.1
22 8
23 8
22 9
65.4
17.1
12.7
64.9
18.6
14.8
13.6
13.9
1.6
5.3
1.8
5.6
1.2
5.1
1.0
13 4
5.2
1.4
55
13.5
13.8
13 6
14 0
13 8
14 8
15 1
50
13
15 1
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
270
129.6
17.3
127.8
19.9
9.0
26.8
11 9
27.1
12 8
25 0
14 3
23.7
14 9
19.0
13 7
16 8
13 4
15 6
10 1
17 2
6 9
19.9
6 4
22 7
6 2
25 0
60.1
215.1
67.6
236.6
6.2
15.2
57
14.5
15.2
5.6
16.6
58
16 8
55
20 9
53
26.0
5.7
14.9
29.1
58
28.5
5 6
28 0
37.7
63.4
40.7
49.6
56 6
63.1
69.0
73 2
74 4
68 6
63 4
53 1
48 2
69, 363
28, 917
40,446
76, 500
30, 509
45 992
6,047
2,298
3 749
6,385
2,364
4,020
8,039
2,962
5 077
7,980
2,934
5 047
9 267
3,573
5 694
8 021
3 176
4 845
7 985
3 358
4 627
6 269
2 689
3 580
4 126
1 881
2 245
4 689
2,025
2 664
4 217
1,873
2 344
554
539
880
468
445
876
33
34
71
32
40
67
38
56
83
38
46
81
46
57
94
44
50
80
54
51
83
55
33
76
30
17
57
31
13
70
26
14
64
1.3
5.4
1.7
5.5
1.7
5.7
1.8
1.6
5.4
1.4
2.0
5.4
1.6
5.6
2.6
5.5
1.5
2.8
1.9
1.2
2.5
1.6
.270
r
4, 309
' 1, 874
2, 435
5,890
2,313
3,577
23
26
"60
30
36
71
T
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
Consumption
Stocks end of period
Waste paper:
Consumption
Stocks end of period
thous cords (128 cu ft )
do
do
2 56 797
2 56, 259
2 6 529
54 921
55, 257
5,859
4 361
4,759
5 994
4 507
4,797
5 708
4 686
4 550
4 857
4 326
4*279
5 939
4 775
4,626
5 966
4 548
4 299
6 194
4 827
4,900
6 233
4 377
4 615
6 024
4 123
4,333
5 859
thous sh tons
do
2 102 541
738
9 733
788
630
815
642
811
720
695
629
899
615
839
601
892
581
833
594
753
602
thous sh tons
do
do
do
2 36 640
2 1*527
2 23, 562
2 2 748
35 487
1,447
22, 593
2,669
3 065
3 133
2 966
2 726
3 004
2 834
3 098
2 997
1,858
1,729
1,927
189
221
1,773
1,954
602
4 180 j>4 806 *>5 026
4,835 P 4, 713 P5,037
5 231 v 5, 398 v 5, 415
T
859
* 542
?>834
?881
526
509
2 563
3 139
3 044
3,270
1,890
1,751
2,011
1,960
2,096
205
226
WOODPULP
Production:
Total all grades
Dissolving and special alpha
Sulfate
Sulfite
106
1,967
233
128
1,969
239
102
228
104
122
112
211
142
226
135
119
128
226
206
227
149
141
3,953
1 418
3 407
337
131
290
350
134
314
343
137
298
310
120
273
335
130
269
328
121
288
345
123
308
334
120
296
256
15
217
348
125
294
336
122
272
367
129
309
816
276
456
84
786
342
363
80
786
324
386
76
809
356
375
78
860
363
425
72
827
382
378
67
814
377
370
67
808
381
360
68
836
408
357
71
813
388
359
69
786
342
363
80
••785
342
P757
P334
*349
'64
P779
P358
*>352
v 69
1 572
1 710
128
36
92
133
31
101
185
77
108
111
38
73
165
58
106
135
45
89
150
47
103
160
57
103
156
57
99
139
48
91
155
57
98
155
50
105
153
63
90
2 898
245
20
226
269
25
245
273
21
251
236
16
221
256
27
229
249
21
228
246
22
224
290
23
267
252
26
226
269
27
242
277
25
252
280
23
257
315
29
286
£2 326
20 300
21 859
3 812
1 730
1 856
3 934
1 735
1 876
3 885
1 684
1 865
3 425
1 492
1 634
3 938
1 727
1 865
3 720
1 653
1 723
4 128
1 772
1 982
Qroundwood
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
2 3, 794
21 658
23 351
do
do
do
do
Exports, all grades total
Dissolving and special alpha
All other
do
do
do
Imports, all grades, total
Dissolving and special alpha
All other
do
do
do
563
607
1,009
1,102
3 355
3 162
293
265
3 065
r
379
?79
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census) :
All grades total unadjusted thous sh tons
Paper
do
Paperboard
do
Wet-machine board
do
Construction paper and board
do
New orders (American Paper Institute) :
All grades, paper and board
do
Wholesale price indexes:
Printing paper
195759—100
Book paper, A grade
do
Paperboard
do
Buildins oaner and hnarr?
Hn
f
Revised.
1
47 189
20* 631
22 574
r
r
r
3 831
r 3 595
11
215
46 886
r 46 074
3 927
3 885
3 884
3 544
3 913
101 7
115 1
97 1
101 9
117 6
97 3
101 9
118 8
97 3
101 9
117 8
97 3
101 9
117 8
97 3
Q1 Q
Q9 9
Ql 7
101 9
117 8
97 3
101 9
117 8
97 3
QI a
153
r 134
r Q9 ft
*> Preliminary.
See note "1" for p. S-35.
2
Reported annual total; revisions not allocated to the months.
12
311
12
324
Ql *
9
290
01 K
11
334
3 871 r 3 572
\ 683r 1 612
1*862 r 1 678
12
363
11
315
3 787
4 159
3 823
101 9
117 8
97 3
101 9
117 8
97 3
101 9
117 8
97 3
10
332
Ql A.
Q9 1
Q9 ft
4 038
T i 831
r
r 1 874
r 11
r 271
r
13
r
?3 963 *>4 206
*>l'781 P! 898
p 1, 842 p 1, 933
pl2
Pl3
r 320
p328
P362
4, 150
T 3, 940
p 4, 292
101 9
117 8
97 3
101 9
117 8
97 3
Q9, 1
Q9 1
101 9
117 8
97 3
Ql 8
101 9
117.8
91.7
92.0
3 561
May
SURVEY OF CURRENT BUSINESS
June 1968
1966
Unless otherwise slated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
Apr.
Annual
S-37
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
PULP, PAPER, AND PAPER PRODUCTS— Continued
PAPER AND PAPER PRODUCTS— Con.
Selected types of paper (API):
Fine paper:
Orders new
thous. sh. tonsOrders, unfilled, end of period
do
2,637
159
' 2, 645
'157
237
174
231
174
222
177
201
178
232
168
198
148
220
151
215
146
'206
'157
'238
'162
230
160
z-256
*>178
-- do
do
2,641
2,633
' 2, 659
' 2, 658
230
230
229
231
216
211
194
196
236
243
213
213
228
224
215
217
'202
'203
'234
'233
227
225
*>236
*242
do
do
6,711
553
' 6, 335
••449
554
513
532
467
569
526
500
509
514
462
514
468
536
482
472
415
'508
'449
'536
'419
524
472
?586
*>499
do _ _
do
6,511
6,511
' 6, 332
'6,332
536
536
546
546
544
544
488
488
526
526
512
512
530
530
501
501
'508
'508
'523
'523
500
'500
*>538
"538
do
do
4,723
200
' 4, 678
'214
392
213
367
190
387
199
330
195
418
218
363
223
397
224
406
225
'411
'214
'422
'228
392
215
*>442
*232
do
do
4,696
4,704
' 4, 755
'4,685
400
389
398
385
383
387
315
316
412
408
400
319
418
405
408
404
'400
'403
'421
'404
411
405
?433
*424
do
do
do
8,419
8,385
184
8,051
7,968
268
670
692
348
704
741
311
652
713
250
668
592
326
705
665
365
641
660
346
681
704
323
675
687
311
602
646
268
641
583
325
629
573
381
674
659
396
674
682
388
do
do
do
2,408
2,405
21
2,620
2,602
39
223
221
54
227
249
32
222
228
27
197
191
33
225
212
46
209
211
44
228
226
47
222
228
41
204
206
39
238
223
55
220
215
59
250
242
68
234
253
49
6,898
6,907
609
616
568
522
544
568
634
622
587
518
523
604
586
681
630
654
676
711
727
726
707
698
673
630
617
613
584
605
6,991
6,599
528
614
601
527
542
528
575
541
531
537
460
531
594
136.23
139. 95
138. 40
138. 40
139. 00
141.40
141. 40
141.40
141.40
141. 40
141. 40
141. 40
141. 40
141. 40
Paperboard (American Paper Institute) :
Orders, new (weekly avg.)
thous. sh. tons__
Orders, unfilled §
do
Production, total (weekly avg.)
.___do
Percent of activity (based on 6.5-day week)
449
724
446
92
444
618
439
87
459
695
454
89
448
690
452
88
446
614
454
91
393
654
376
74
454
645
448
90
448
702
413
84
476
759
463
91
466
767
458
89
405
648
421
78
429
661
408
89
481
714
482
92
494
733
480
90
Paper products:
Shipping containers, corrugated and solid fiber,
shipments. ...
mil. sq. ft. surf, area
160,452
162,362
12,803
14,011
14,014
11,794
14,435
14,308
15,114
14,175
13,081
13,432
Folding paper boxes, shipments, index of physical
volume
1947-49 — 100
134.1
134.1
128.6
136.5
141.6
118.5
142.0
137.4
143.8
139. 7
132.5
126.1
Production
Shipments
Printing paper:
Orders new
Orders unfilled end of period
Production
Shipments
Coarse paper:
Orders new
Orders unfilled end of period
Production
Shipments
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of period
United States:
Production
Shipments from mills
Stocks at mills §
Consumption by publishers^"1
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
497
767
480
90
488
778
489
91
12, 922
13, 763 "14,289
14, 922
128.6
' 138. 7 p 132.8
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 lb._
Synthetlc rubber:
Production..
Consumption
Stocks, end of period. _
thous Ig tons
do
do
Exports (Bu. of Census)
Reclaimed rubber:
Production.
__
Consumption
Stocks, end of period
_
545 68
91 59
431 66
488 85
111 66
452 80
37 64
107 68
33.58
29 04
116 76
36 61
28 32
116 84
24 13
23 12
12695
23 27
49 14
125 83
43 57
46 54
118. 43
33 55
50 75
110 25
35 46
46 03
109 43
50.23
43 06
111 66
48 22
.236
.199
.208
.208
.220
.206
.193
.179
.188
.179
.175
1 969 97 1 911.87 154 97
1 666 06 1 628 26 126 89
348 69 369. 94 353 99
138 45
106* 88
355 02
132 09
103 87
355 75
137 92
84 34
383 04
155 68
157 17
355 30
167 73
154 39
349. 60
178 74
170 15
335 43
181 88
155 13
347 00
185 10
143 83
369 94
49 17
47 61 ' 49. 48 47.99
108. 23 '102 10 ' 95. 09 93.55
42.17
39.49
42.06
46 88
.173
.164
.176
.179
.186
178 79 170 82 180. 29 177. 88
162 92 154 26 ' 161.98 156. 70
36027 '360 38 360. 10 '358.80
do
308. 44
299. 80
22.81
27 40
26 56
23 73
24 57
26 11
24 08
24 94
23 02
24 35
do
do
do
277 36
264 51
32 29
243 65
239 27
28 40
18 03
19 35
30 12
14 12
15 17
28 07
14 50
14 74
26 39
11 97
11 29
25 21
23 56
24 16
24 88
22 52
21 25
25 20
25 45
25 24
24 90
23 18
21 25
27 21
23 90
22 59
28 40
22.71
22.12
23 76 '23 94
23 07
22 85 ' 23. 51 22.08
28 04 ' 29 78 ' 28. 58 29.10
177 169 163, 192
12 424
8 734
8 748
6 919
15 744
16 162
18 278
16 244
15 664
23.99
26.15
24. 86
TIRES AND TUBES
Pneumatic casings, automotive:
Production
thous
Shipments, total
Original equipment
Replacement equipment
Export..
_
do
do
do
do
Stocks , end of period. . _
Exports (Bu. of Census)
.
do
do
_
do
do
do
do
Inner tubes, automotive:
Production. ._
Shipments
Stocks , en d of period
._
Exports (Bu. of Census)
r
17, 118
18, 175
17, 212
18, 876
5,176
13 500
200
16 299
4 330
11 788
181
16 265
4*835
11 293
137
16 201
4 695
11 401
105
12 469
2 125
10 239
105
13 818
2*673
10 971
174
15 670
3*693
11 757
21Q
16 695
4 098
12 368
230
13 611
4 308
9 132
171
12 972
5 008
7 760
204
14 818
4 866
9 757
'l96
13 538
4 585
8 755
198
16, 740
5,465
11, 099
176
42 569
2 051
34 782 44 410
1 450
147
37 088
107
29 883
101
24 381
80
26 466
106
27 114
122
28 920
106
31 674
166
34 782
121
38 020
76
41 916
145
43 742
93
42 369
126
42 765
44 222
11 996
1 100
39 775
41 691
11 005
849
2 696
3 546
9 ggg
65
2 871
3 412
9 337
71
2 145
3 053
8 599
56
3 516
3 361
8 937
45
3 634
3 202
9 574
76
4 067
3 741
10 033
72
3 816
3 191
10 508
63
3 314
3 026
11 005
69
4 078
4 579
10 790
63
4 005
3 664
11 159
66
3,991
3 778
11 453
62
3,598
3 532
11, 605
197
173
54
116
2
464 172 947
680 47, 617
348 123 205
2 125
436
3 103
3 531
10 631
108
Revised.
*> Preliminary.
« Corrected.
& As reported by publishers accounting for about 75 percent of total newsprint consumption.
17 594
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Apr.
Annual
June 1968
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
20, 204
26, 176
34, 426
May
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments,finishedcement
. _ thous. bbl
380,694
374, 213
27 940
34, 765
37 909
37, 527
44, 632
39, 148
40, 000
30, 604
21, 305
17, 166
605.9
21.8
119.3
651.9
19 7
140 2
689 0
21 1
156 0
641.9
19.5
156.1
720.8
21.0
177.3
668.8
17.6
161.9
700.8
19.0
163.4
613.2
17 1
126.7
469.2
14.3
92.2
360.1
13 5
82.9
19.9
22 4
21 8
19.5
20 7
18.6
21.8
20.7
18.3
14 4
14.6
18.1
20.8
22.9
24 7
20.1
24.2
22.6
21.6
21.3
18.4
21.3
'20.4
22.4
112 9
113 1
113 1
113 5
113 5
113. 7
113 7
113 9
114.9
115 3
115.4
115.8
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick
7, 551. 6 7, 097. 5
Structural tile, except facing
thous. sh. tons
234.5
267 4
Sewer pipe and fittings, vitrified..
do __
1,610. 3 1, 572. 1
Facing tile (hollow) , glazed and unglazed
240.1
mil. brick equivalent
308.1
Floor and wall tile and accessories, glazed and unglazed
_
mil. sq. ft-_
272.7
257.5
Price index, brick (common), f.o.b. plant or
N.Y. dock..
1957-59—100
111.5
113 3
r
500. 6
'13.4
103.1
600.4
16.0
132.9
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
_
Medicinal and toilet
Chemical, household and industrial
Dairy products
Stocks, end of period
76 644
84, 901
r
93 640
90, 117
136, 785 ' 131, 476
206, 353 200 500
29 862
46 782
35, 622
49, 279
»• 37, 604
56 036
34, 702
55 415
211 764
225, 579
19, 185
19 170
19 254
19 147
20, 089
17, 938
20, 213
19, 499
19, 073
20 629
204 093
228 766
17 458
18 873
20 129
17 540
20 410
19, 074
19, 746
21 123
25 647
25 451
21, 605
23,631
1,804
1,818
1,909
1,609
2,275
2,906
2,251
1,700
2,204
2,260
52 168
57, 852
4,023
4 222
4 400
4,072
5,361
4,893
5,521
5,633
6,887
6 579
do
do
do
27 098
38, 895
17 608
38, 185
44, 501
19 459
2 796
3,890
1 495
3 304
4,329
1 602
4301
4,526
1 588
3 384
4,068
1 136
3,440
4,048
1 479
2,628
3,511
1,598
2,963
3,209
1 915
3 728
3,559
2 137
5,108
4,153
2 198
3 694
5 040
2 276
do
do
do
39 766
5 812
1 141
38 516
5 664
2 959
3 255
2 993
3 362
3 768
4 386
453
71
2883
448
74
2 809
425
66
3 074
4 898
958
do
30 084
22 546
33 580
33 223
31,679
33, 675
29 394
22 546
5 479
9 647
4 722
9 406
1,171
2,236
1,442
2,742
1 372
2,395
do
8 434
7 685
1,824
2,320
1 748
do
do
4 693
322
4 554
1,277
74
1,331
1 189
295
do
do
680
899
560
815
148
202
161
240
1 079
7 084
228
220
6 993
315
2,284
74
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
343, 138 '331 976
399
63
481
71
459
86
32, 736
31, 201
445
80
31 515
510
88
600
111
608
96
17 598
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
_ .
Production
_
__ _
thous sh tons
do
Calcined, production, total
Gypsum products sold or used, total:
Un calcined uses___
__
Industrial uses
Building uses:
Plasters:
Base-coat
All other (incl. Keene's cement)
Lath
_
Wallboard
All other
_
mil sq ft
do
do
947
72
1,576
64
247
70
116
190
193
1 537
60
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills:
Production, total 9 .
mil linear yd
Cotton
do
Manmade
fiber
do
Stocks, total, end of period 9 d"1
Cotton
Manmade
fiber
do
do
do
Orders, unfilled, total, end of period 9 T[___do.__
Cotton
do
Manmade
fiber
do
918 1 1, 151
631
1781
1350
270
969 1 1, 126
1753
649
1353
306
1 1, 154
1749
1383
1,330
850
466
1,317
837
465
1,287
821
451
2,957
1,941
944
3,202
2,099
1,021
3,190
2,060
1,045
3,047
1,915
1,036
3,289
6,327
26,931
3 7, 265
12, 689
8,866
3,571
11, 983
8,263
3,493
956
674
262
959
670
269
i 1, 167
1809
1334
715
477
222
1,306
766
521
1,317
837
465
1,323
806
497
1,364
835
512
1,396
852
527
1,404
860
528
1,390
865
511
1,357
845
498
1,338
849
475
3,222
2,408
746
3,190
2,060
1,045
2,801
2,020
708
2,693
1,866
749
2,562
1,753
735
2,622
1,748
799
2,864
1.928
865
2,835
1,882
881
9,562
7,435
257
632
1,013
9,575
9,647
7,455
9,215
971
656
299
r
983
651
314
953
621
312
1, 270
811
'443
1,244
784
444
2,860
1,734
1,032
2,824
1,666
1,064
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
Consuming establishments
do
Foreign cotton, total
do
748
733
1889
562
20, 265
14, 580 15,516 14,378 13,196
20, 186
14, 489 15, 455 14,326 13, 140
801
1,121
671
1,526
472
17, 639
11, 369 12, 664 11, 690 10 818
1,426
1,594
1,990
1, 965
1,850
61
79
91
52
56
'Revised.
1 Data cover 5 weeks; other month 3, 4 week s.
2 G nnings t o Dec. 13.
imiil gs
Jan 16<
4 Cr
f
V?
2 ^°
°P °r the year 1967.
9 Includes data not shown separately.
d1 Stocks (owned by weaving mills and billed and held for others) exclude b edsheetiiig,
toweling, and blanketing, and billed and held stocks of denims
12, 533
12,375
400
10, 318
1,757
58
< 7, 435
* 7, 455
721
1850
744
720
1825
1880
729
'721
1844
9,613
18, 235 17, 088 15,715 14, 580 13, 301 12, 101 '10,928
9,547
18, 171 17, 004 15, 624 14,489 13,217 12,020 10, 856
616
984
1,186
1,413
7,459
1,526
5,808
2,564
6,924
r
7,
916
10,
073
8,970
11,369
9,790 11, 613
9,157
1,864 * 1, 956 2,007
1,751
1,594
1,406
1,447
1,555
66
'72
86
81
91
84
91
64
brics; pn)duction
1fU afilled or ders cove r wool a]3parel (iricluding polyestei'-wool) fiiiished faleeting,
t oweling,
andst ocks exc ude figui*es for su 3h finishe d fabrics . Orders also excltide bedsl
and b lanketin
AT otal ginnIngs to e nd of mo nth indi 3ated, ex 3ept as noted.
19, 400
19, 342
7,926
9,802
1,614
58
SURVEY OF CURRENT BUSINESS
June 1968
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
Apr.
Annual
S-39
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
Exports
_ _ _ _ thous. bales. _
Imports
-do
Price (farm), American upland
cents per lb___
Price, middling 1", avg. 12 markets 1
do_
Cotton linters:
Consumption
thous. bales. _
Production
__
- do
Stocks end of period
do
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, price, 36/2, combed, knitting, natural
stock
$ per Ib
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
mil. lin. yd-.
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
mills) end of period, seasonally adjusted
Mill margins:*
Carded yarn cloth average
cents per lb__
Combed yarn cloth average. _ _
_ _ do _
Blends (65% polyester-35% cotton)
do
Prices, wholesale:
Print cloth, 39 inch, 68 x 72_— cents ner yard-Sheeting, class B, 40-inch, 48 x 44-48. _ .do
4
4
4
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system, wholesale price
1957-59=100—
Wool broadwoven goods, exc. felts:
Production (qtrly.).....
mil. lin. yd_.
Price (wholesale), suiting, flannel, men's and
boys', f.o.b. mill
_ _
1957-59=100_
447
3
19.9
25.4
436
3
19.4
25.2
406
3
19.6
25.1
2
97
33
546
84
92
538
81
146
595
298
122
617
296
122
628
84
98
614
85
'83
'595
2108
63
550
20.0
14.9
9.8
.491
7.2
20.0
14.7
212.0
.481
28.8
20.1
14.7
10.3
.513
7.4
20.1
14.5
10.2
.511
7.3
20.0
14.4
211.6
.465
28.3
20.1
14.2
212.7
.508
2
8.9
20.1
14.1
10.4
.519
7.2
20.1
'14.0
10.3
.516
'7.2
20.1
13.8
212.5
.498
28.5
.920
.925
.927
.960
1. 026
1.081
244
20
22.0
22.8
1,080
977
617
94
65
'830
87
37
766
2104
40
695
70
26
637
79
40
595
19.5
15.1
132.1
.509
102.4
20.0
14.4
126.2
.486
94.4
20.0
15.3
10.0
.501
7.7
19.7
15.0
9.9
.496
7.5
19.6
14.8
212.3
.491
29.3
19.8
14.9
8.1
.403
6.0
.949
.942
.934
.932
.927
.920
8,840
8,284
1,366
1,419
725
277
52
21.3
23.2
1,897
2,131
1.085
2,035
13.7
13.5
13.3
14.5
18.4
15.4
13.7
12.7
12.3
13.9
12.2
12.1
12.7
4.5
5.2
4.5
4.7
5.1
7.1
5.1
5.1
5.0
5.0
5.2
5.1
5.0
4.9
5.2
.25
.35
.33
.37
.40
.41
.36
.37
.38
.34
.35
.37
.42
.42
.41
41. 95
95. 74
63. 28
37.75
75.60
60.48
40.09
77.62
51.18
39.59
76.06
49.47
38.33
75.43
43.03
37.90
71.79
43.15
37.23
73.46
49.20
36.64
73.66
55.72
35.75
72.52
s 84. 03
33.43
68.50
90.55
32.36
80.98
99.86
33.72
83.82
111.10
35.36
86.41
s 73. 54
36.13
90.48
65.97
36.77
91.98
63.25
18.7
18.0
17.8
U8.4
17.3
18.4
18.4
18.4
16.0
18.3
16.3
18.3
16.3
18.3
16.5
18.5
17.0
19.0
17.0
19.0
17.0
19.0
17.0
19.0
15.4
3,980.6
734.7
603.4
931 7
172.2
137 0
962.0
175.3
129.4
1, 149. 2
205.9
181.7
1, 213. 9
1,119.8
308.8
283.1
264 3
75.1
296.2
286.1
75.0
334.3
344.9
82.4
.66
.81
1.52
7,492
6,290
1,574
10, 674
6,685
7,599
1,666
9,465
60.9
80.8
61.7
78.4
.68
.81
1.53
377.8 3 133. 9
365.8 3 116. 4
89.0
6,693
5,974
2,305
11,982
9,368
5,071
2,535
14, 314
7,865
6,363
3,942
14, 029
8,782
5,910
3, 065
14,972
8,155
6,077
4,978
22, 598
8,661
8,445
4,456
19, 519
7,205
7,944
3,953
20, 668
7,910
9,100
4,579
20, 250
60.1
77. 1
64.4
75.5
59.7
62.4
58.4
55.5
58.5
49.5
53.0
44.9
51.7
43.8
48.2
40.7
45.3
44.4
'40.7
51.3
42.5
50.9
164.1
120.9
169.1
129.7
163.0
128.4
155.9
132.1
43.4
147.6
129.9
143.2
131. 6
138.7
142.4
40.4
136.6
146.0
132.3
135.0
147.8 ' 160. 4
37 3
146.4
157.8
.62
.81
1.55
.62
.81
1.54
.62
.81
1.53
.62
.81
1.53
.62
.81
1.46
.60
.81
1.41
.61
.81
1.41
.61
.82
1.41
.61
.82
1.42
.65
.81
1.54
4, 234. 8
1, 625. 6
761.1
317.5
1 040.9
402.0
187 9
80.6
999.0
375.4
171.6
76.8
1, 174. 5
440 5
207 3
78.8
1, 978. 0
486.1
473.0
561 4
601.0
1 163 1
154.4
284.9
134.5
280.6
160.3
338.1
411.5
99.3
99.5
110.4
266.6
103.6
277.2
114.6
228.7
83.9
187.3
78.2
18.6
6.6
13.9
3.2
19.0
7.1
13.9
5.6
223.3
2 6.9
15.8
6.3
15.4
4.6
13.9
6.9
18.1
7.0
15.0
7.3
220.8
28.5
17.7
7.2
16.7
7.3
13.9
6.6
17.5
6.8
16.9
8.7
220.2
29.1
19.0
9.3
222.7
29.0
24.0
12.3
19.7
7.5
23.5
9.0
' 19. 4
7.2
21.7
7.7
224.9
28.8
22.8
10.0
1.349
1.171
1.259
1.215
.910
1.153
1.175
.918
1.125
1.175
.895
1.125
1.235
.975
1.175
1.245
.938
1.175
1.237
.895
1.165
1.225
.838
1.125
1. 225
.825
1.125
1.177
.825
1.125
1.165
.835
1.162
1.165
.825
1.175
1.165
.825
1.175
1.178
.825
1.175
1.190
.825
1.175
108.2
92.6
91.0
91.6
91.9
92.5
90.0
90.0
89.4
88.2
87.8
87.8
88.8
89.9
264.9
237.4
102.7
101.7
65.9
101.5
101. 5
101.5
52.7
37.30
92.91
63.85
369.1
357.7
6,442
7,426
2,178
13,395
4.7 1
.72
.81
1.53
1, 214. 2
198.3
183.3
5,806
6,062
1, 532
13, 846
6,147
7,735
1,894
10, 776
21.1
24.9
1.070
17.2
3
' Revised.4
1 Season average.
2 FOF 5 weeks, other months, 4 weeks.
For month
shown.
Average for Aug.-Dec.
« Margins for 56 blends, Sept. 1967, 78.50 cents; margins
for 4 blends, Jan.7 1968, 71.92 cents. See note "*."
Revised total; revisions not distributed
by months.
For ten months.
HFor the period Sept. 1967-Feb. 1968, 14 markets; beginning Mar. 1968, 12 markets.
474
10
22.4
26.2
228
4
20.9
22.6
Prices, manmade fibers, f.o.b. producing plant:
.80
Staple: Polyester, 1.5 denier
$ per lb_.
.80
Yarn: Rayon (viscose), 150 denier
do
1.58
Acrylic (spun) , knitting, 2/20,3-6 D*. do.. ..
Manmade fiber and silk broadwoven fabrics:
4,
234.
1
Production (qtrly.). total 9
mil. lin. yd-Filamont yarn (100%) fabrics9
do___. 1, 612. 5
735.0
Chiefly rayon and /or acetate fabrics
do
335.4
Chiefly nylon fabrics
do
Spun yarn (100%) fabrics (except blanketing) 9
mil. lin. yd_. 1, 907. 7
Rayon and/or acetate fabrics and blends
623.6
do____
1 051 2
Polyester blends with cotton
do
Filament and spun yarn fabrics (combinations
479.4
and mixtures)
do
$ per Ib
_ do _
do
331
10
27.6
27.0
299
3
20.3
22.4
Exports: Yarns and monofilaments
thous. lb__ 98, 722 688,831
55, 522
78, 293
Staple tow and tops
do
28, 194
Imports: Yarns and monofilaments
d o _ _ x _ 16, 571
177, 570 6149,672
Staple, tow, and tops
do
Stocks, producers', end of period:
67.3
51.7
Filament yarn (rayon and acetate)
mil. lb__
70.1
43.8
Staple, incl. tow (rayon) __
do ..
Noncellulosic fiber, except textile glass:
150.2
138.7
Yarn and monofilaments
do
129.8
Staple, incl. tow
do
142.4
42.5
40.4
Textile glass
fiber
do
mil. lb_.
do
do
do
298
17
30.5
25.0
416
19
19.7
22.2
3,973
169
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. total
mil. lb__ 3, 860. 1
799.8
Filament varn (rayon and acetate)
do
659.2
Staple incl tow (rayon)
do
Noncellulosic, except textile glass:
1, 164. 7
Yarn and monofilaments
do
904.0
Staple incl tow
^
do
332.4
Textile glass
fiber
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
L
Australian, 64s, 70s, good topmaking
275
25
27.3
23.4
288
3
20.4
22.2
3,597
100
i 20. 6
122.1
1.208
.820
1.175
57.0
101.8
100.5
101.5
101.5
100.5
100.5
100.5
100.5
101.8
*New series. Beginning Aug. 1966, mill margins refer to weighted averages of over 70 types of
unfinished carded yarn cloths and to simple averages of 8 combed yarn cloths and 4 polyester
cotton blends (Oct. 1967-Jan. 1968, 5 blends); no comparable data prior to Aug. 1966 are
available. Spun yarn price (BLS) available beginning Jan. 1965.
9 Includes data not shown separately.
June 1968
SURVEY OF CURRENT BUSINESS
S-40
1967
Unless otherwise stated, statistics through 1966 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
Annual
1967
Apr.
May
June
July
Aug.
1968
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
17, 107
TEXTILE PRODUCTS—Continued
APPAREL
210, 425
223,482
17,835
18,679
19,864
16,007
19,933
18,927
20,203
19,873
15,371
16, 671
18, 197
19, 151
20, 412
4,055
18, 904
3,812
1,532
365
1, 538
390
1,726
395
880
278
1, 639
361
1,649
290
1,774
345
1,840
335
1,603
269
1,894
311
1,716
r
290
1,853
300
13, 344
Coats (separate), dress and sport.
_ do__
143, 852
Trousers (separate) , dress and sport
do
Shirts (woven fabrics), dress and sport
24, 932
thous. doz
Work clothing:
6,106
Dungarees and waistband overalls
do __
4,081
Shirts.
- do. ,
12, 659
133, 762
1,090
10, 571
1, 115
11 202
1,084
12 019
623
8,927
1,039
12, 219
1,104
11,337
1,116
11, 624
1,159
11 594
995
9 919
25,985
2,129
2 070
2 061
1 504
2,255
2 087
2 417
2 288
1 846
1,918
2,201
2 193
7,042
3,777
596
314
636
341
669
331
441
232
606
324
709
303
642
308
490
307
584
272
480
275
r
569
r
303
613
302
23, 999
273, 491
11, 292
21, 202
283,398
8 388
923
27, 523
554
1,419
25 359
543
1,776
23, 693
702
1,759
19, 256
592
2,215
25, 311
715
2,090
20, 956
547
2,177
22, 882
698
2,148
22, 119
728
1,543
18,962
630
1,770 •" 2, 098
24, 379 '25,r 047
847
989
1,442
26, 985
1 053
17 141
9,582
14 064
8 582
1 271
790
1 209
724
1 179
808
961
801
1 145
687
1 356
754
1 152
578
867
398
Hosier v, shipments
_ _ _ -thous. doz. pairs
Men's apparel, cuttings:
Tailored garments:
Suits
_
thous. units
Overcoats and topcoats
. do
Women's, misses', juniors' outerwear, cuttings:
Coats
_ _ _ _ _ _ _
.thous. units
Dresses
.
.
.do
Suits
do
Blouses, waists, and shirts
Skirts
thous doz
do
1 218
784
1,244 ' 1, 151 1,188
11, 738 r!2, 838 13 148
1 157
522
r
1r 336 1 449
643
628
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
27, 223
16, 351
24 219
20, 227
14, 530
26, 887
18, 530
24 413
23, 438
16, 329
7,438
4,727
6 864
5 925
4,076
6 798
4,648
6 160
5 682
3,985
7 458
5,542
6 803
6 660
4,551
Backlog 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. $
27, 547
15,711
14 655
3,824
30, 722
17, 750
16, 377
4,251
28 964
16, 142
15 508
3 957
29,921
16,758
15708
4 487
30 722
17, 750
16 377
4 251
Aircraft (complete):
Shipments ©
Airframe weight 0 _ _ _ _ _
Exports
_
4,510
5,704
4 833
5 104
5 704
2,492
2,629
2,578
2,595
2,629
do
thous. Ib
mil $
2 087. 0
43, 983
553 7
2r 981. 5
56, 739
786 5
224 9
4,329
62.3
thous
do
do
do
do
do
10 329.5
9, 943. 5
8, 598. 3
8 336.9
1, 731. 1
1 606 6
8, 976. 2
8, 484. 6
7, 436. 8
7,070 2
1, 539. 5
1 414 4
177. 58
12.72
78.64
6 79
10.70
r
T
357 0
6 671
78 7
376.7
6, 906
115.4
847 6
801 4
703 2
668 2
144 3
133 2
968 0
917 7
800.7
764 0
167 3
153 7
941.7
895.8
782.7
747. 8
159.0
147.9
35 09
.72
5.99
55
71
29 34
71
7 29
38
57
30 92
78
7.63
29.90
.84
8.40
34
.54
110 67
82
8 88
145. 98
42
9.23
121 37
54
9 74
112 32
69
8 09
117. 33
.99
6.20
7 884
5 161
7 209
4 757
7 839
5 028
8,881 r10 207
5 713 r 6 775
9,949
6,054
2 326
1 447
2 063
2 192
2,161
262 0
5, 030
55 2
259 8
4 803
71 9
220 9
4 133
52 4
281 5
4 920
46 3
243 2
4 531
85 6
273 2
5 239
48 7
296 6
5 367
95 2
381 2
6 645
95 3
337 9
6 043
127 5
354 6
6 359
145 6
792.2
749.4
659.8
628.3
132.4
121 1
898 3
848.7
750.3
713 4
148.0
135 3
911 7
865 2
765 3
732 3
146 4
133 0
530 8
506.3
425.5
410 6
105.3
95 6
324 2
300 8
231.6
218 3
92 6
82 5
710 5
670 3
601.0
570 6
109 5
99 7
751 9
706 9
645.4
608 8
106 5
98 1
807 7
761 8
683.0
645 2
124 7
116 5
957 8
903 9
813 9
768 5
144 0
135 4
937.5
889.3
787.0
747.2
150.4
142.1
280 58
11.08
82.24
6 00
10 99
26.69
.81
7.75
57
1.19
25 85
1.33
9.09
57
1 19
15 81
1 13
8 ?4
58
1 18
13 32
.92
8.87
37
76
10 69
93
5 80
56
88
21 56
74
5 27
62
96
25 76
1 02
5.09
47
45
26 74
69
5 16
42
76
37 13
80
6 15
34
52
s 913. 21 1, 020. 62
5.75
4 99
42.96
75.07
66.97
.21
6.06
80 66
45
7 42
94 46
25
9 43
85.06
32
7.44
44 98
28
2 59
68 97
43
5 58
98 07
48
5.07
100 48
91
3 13
113, 493
75, 527
96, 539
59 147
7,990
4,829
8,820
5 376
7 483
3 999
6,492
3,684
7,485
4 336
7, 871
4 619
8,787
5 549
18, 402
27 497
3,431
2 898
2 227
2,866
2 784
1 869
1,787
r
MOTOR VEHICLES
Factorv sales, total
Domestic
Passenger cars, total
Domestic
Trucks and buses, total
Domestic
__
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
Vans..
do
Trailer bodies and chassis (detachable), sold
separately
number
Registrations (new vehicles) : 0
Passenger cars
Foreign cars
Trucks (commercial cars)
thous
do
do
2
2
45
^ 2 181
.48
9,008.
5 2 8 361 9
2
658 1 2 ygo 6
1,610.4 21 518 9
786.1 a 807 4
63 3 a 70 o
144 6 a 139 o
90, 349
67, 944
22, 405
83 099
64 779
18 320
8,311
6,466
1,845
6 344
5,094
1 250
8 458
7*049
1 409
5 686
4 776
910
6 916
5 779
1 137
6 262
4 344
1 918
6 039
4 291
1 748
5 122
3 958
1 164
5 487
3 991
1 496
5 712
3 978
1 734
5,774
3,395
2 379
8 310 r 4 626 71 5 608 r 4 186
4 551 r 3 496 r 2 808 r 3 406
780
1 130 2 800
3 759
3,344
2 502
842
5793 5 & 742 8 *> 716 2 b 543 5 & 696 4 6 632 5 b 724 7 °647 8 a 594 6 &712 7 * 828. 0
*>66 7 b 65 4 b 83 9 b 67 6 b 72 3 b 63 i b 65 8 a 61 2 a 60* 7 b 73 7 a 80 4
bi39 5 b 130 7 b 141 i b 119 2 b 115 7 b 106 2 b 120 4 a H7 6 a HO 0 b 130 8 a 154. 3
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments...
Equipment manufacturers, total
Railroad shops, domestic
number
do
do
4 713
3 871
842
5 754
4 358
1 396
New orders
Equipment manufacturers, total
Railroad shops, domestic _
do
do
do
r
99, 828
r
73, 185
26,643
53, 849
38 614
15 235
1,728
1,444
284
4,169
3 244
925
7 294
6 757
537
2 365
2 140
225
6,347
2 338
4 009
4 608
3 948
660
2 378
2 352
26
6 209
3' 365
2 844
Unfilled orders, end of period
Equipment manufacturers, total
Railroad shops, domestic
do
do
do
56 618
40, 426
16 192
24 917
14' 276
10 641
34, 960
26, 515
8 445
32 493
24 373
8 120
30 730
23 007
7 723
27 063
20 361
6 702
26 483
16 712
9 771
24 819
16 306
8 513
21? 082
14 311
6 771
21 828
13 730
8 098
24 917
14 276
10 641
24 893
14 024
10 869
24 742
12 469
12 273
22 933
11 894
11 039
20 364
10, 862
9 502
1 497
4.8
1 482
51
1 499
51
I 496
52
1 498
52
1 497
55
1 496
55
1 496
54
1 493
53
1 492
52
1 482
5i
1 480
53
1 478
53
1 478
5.2
1 476
5.2
91 58
61.19
93 16
62.' 85
92 51
61.72
92 60
61.87
92 90
62.' 04
93 01
62! 14
93 30
62.' 36
93 50
62.46
93 54
62.64
93 60
62.74
93 16
62! 85
93 71
63.' 33
93 41
63.18
93 55
63.30
93 57
63.40
Freight cars (revenue), class 1 railroads (AAR):§
Number owned, end of period
thous
Held for repairs, % of total owned
Capacity (carrying), aggregate, end of period
mil tons
Average per car
tons..
r
2
Revised.
i Preliminary estimate of production.
Annual total includes revisions not
distributed by months.
3 Revised to reflect Jan.-Apr. imports from Canada of new and
used cars and other motor vehicles not specifically identified; beginning May 1966, data refer
to total imports (incl. those from Canada) of new, on-the-highway, four-wheeled passenger
automobiles. Revised Jan.-Apr. 1966 data (thous.): 77.9; 73.0; 93.7; 59.0.
"Omits data for
two States.
&Omits data for one State.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
©Courtesy of R. L. Polk & Co.; republication prohibited.
§Excludes railroad-owned private refrigerator cars and private line cars.
May
SECTIONS
Generals
Business indicators. . , , . , . , , , , . , . . , , . . , . . * . .
1-7
Commodity prices. . . . . . . . . . . . . . . . . . . . . . . . . . . .
7-9
Construction and real estate. . . . . . , . . * * . , * . * . 9,10
Domestic trade ..... . . . . , . , , . ....... . . . . . . . . 10-12
Labor force, employment, and earnings . . . . . . . 12-16
Finance. . , , , . . , ........... ; . . . * , . . . , , . , , . . 16-21
Foreign trade of the United States. , . . ; . . . . . . . 21-23
Transportation and communications . . . . . . . . . . 28, 24
Chemicals and allied products. . . . . . . . . . . . . . . . 24, 25
Electric power and gas. . . . . . . . . . ..... . . . . . . . 25, 26
Food and kindred products; tobacco. ...... . . . 26-30
Leather and products. . . . . . ....... . . . . . . . . . . . .
30
Lumber and products. . , . » , , ...... . , . , . . . . . .
31
Metals and manufactures. . . . . . ..... . . . . . . . . . 31-34
Petroleum, coal, and products. . * . . . , . , . , , , . , » 34, 36
Pulp, paper, and paper products. •. . . . . . . . . . . . . 36, 37
Rubber and rubber products. . . . . . . . . . . . . . . . .
37
Stone, clay, and glass products. . . . . . . . . . . . . . .
38
Textile products. .v » . . . . , , ..... . . . . ....... . . 38-40
Transportation equipment. . . . . . . . . . . ...... . .
40
INDIVIDUAL SERIES
Advertising,
10,11,16
Aerospace vehicles. . . . . . . . . . . . . . . . . . . . . . v * . . . .
4$
Agricultural loans.
.., 1............
16
Air carrier operations
•.,»....,,« ..„.»,,
23
Aircraft and parts, , . . . . . , , . . . , , . . . . , . . » . , . 4,6,7,40
Alcohol, denatured and ethyl.
*.,....,
2$
Alcoholic b e v e r a g e s . , . , » , , . . . . . . , . , . . . . .
* 11,26
Aluminum. . . . . * * , . . . , , . , . . * , , . , » . » « . . . . . . , » .
33
Apparel...,
1,3,4,8,9,11-15,40
Asphalt and tar products..
. . . . . . . . . . . . . . . . 35,36
Automobiles, e t c . . . . . . . . . . . 1,3-S, 11,12,19, 22, 23,40
Balance of international payments.
2,3
Banking. . . . . . , . . . . . , . . . . , . . , , , . , . . . * . . . , , . . , 16,17
Barley
,...,
,
27
Battery shipments...
,...,,,.,.*..,.,.....
34
Beef and Veal,
:...........'!,.....'.
28
Beverages.
, 4,8,11,22,23.26
Blast furnaces, steel works, e t c * . . , , . . . . * . . * . < » * 5-7
Bonds, outstanding, issued, prices, sales, yields.... 18-20
Brass and bronase.
33
Brick.
.,..........,.,*..,.,,,,.,.,,
38
Broker's balances................ ^ . . . . , . . . . , ,
20
Building and construction materials............. 7-8,
10,31,36,38
Building costs..
..;,....,.;........:...
10
Building permits
...,,...
.
10
Business incorporations (new), f a i l u r e s . . . . . . . . . .
7
Business sales and inventories..................
5
Butter.
..................
26
Cattle and c a l v e s , . , . . . . , . . * . . . * .
28
Cement and concrete products............... 9,10,38
Cereal and bakery products. , . . . , , . * . * . . , . . » . . .
8
Chain-store sales, firms with 11 or more stores. . .
12
Cheese.
..,,..».
26
Chemicals..........
. . . . . 4-6,8,13-15,19,22-25
Cigarettes and cigars........
,.......,,,...
30
Clay products.
. . » . . * , . . . * . . . , . . 9,38
Coal.,».,,
. . . . . . . . . . . . . . . . . . . . . 4,8,22,34,35
Cocoa,
•.•.......,.'
23,29
Coffee,...,.
,...
23,29
Coke..............
.-.;...................
35
Communication, . . . , * . . „ » , , . . , . . . . « , . »
2,19,24
Confectionery, s a l e s . . . . . . , . , , , . . . .
29
Construction:
Contracts.
. *..
9
Costs
...,..........,.,»,,
......;
10
Employment, unemployment, hours, earnings.. 13-15
Fixed investment, structures.................
1
Highways and roads. » . * . . . . . , « . , « » « . „ . , . , . . 9,10
Housing starts. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
New construction put in place. . , . , , , . , . , , . » . .
9
Consumer credit...,,,.,..
, , „ , , , . . » . . 17,18
Consumer expenditures..»....,.»..;,...'...,.,,
1
Consumer goods output, i n d e x . , . . , . , , , . . . . . . * . 3,4
Consumer price index. , , . * . . . , » » . , » , » . . , , . . . . »
7,8
Copper. . . . . . . . . . . .
....,,...,,,..*...,
33
Corn.,..
;.
27
Cost of living (see Consumer price index).
7,8
Cotton, raw and manufactures.. . ' „ . . . . . . 7,9,22,38,39
Cottonseed cake and meal and o i l . . . . . . . . . . . . . .
30
Credit, short- and intermediate-term.,.,,,...... 17,18
Crops...
. . . . . . . . . - . . . ; . . . . . . . . . 3,7,27,28,30,38
Crude oil and natural gas. . . . . ; . , . . . ; . , . . . . . . * . . 4,35
Currency in circulation
,.,,,»,....,...,..,
10
Bairy products
3,7,8,26,27
Debits,bank*
.......................,.,:
16
Debt, U.S G o v e r n m e n t . . . . . . . . . . . . . . . . . . . . . . .
18
Department stores
.
\
'.... 11,12
Deposits, b a n k ; . ; . . . ; . . . ; . . . . . . . . . . ' . . . . ; . . . 16,17,19
Disputes, industrial.,...;...... v . ' . . . . i ; . - . . . . . . . . ' 16
Distilled spirits. , . , . . , . . . , . . . , . . .
26
Dividend payments, rates, and yields
2,3,18*21
Drug stores, sales..... » , , , . . , , , „ , . , , .„ . . . . . . . . 11,12
Earnings, weekly and hourly*
, . . . 14,15
Eating and drinking p l a c e s . . . . . . . . . . . . . . . . . . . . 11,12
Eggs and poultry..,
. , . . - . * * . . . . ' . . . . 3,7,28,29
Electric p o w e r . . . . . . . - . . , . '
4,8,25,26
Electrical machinery and equipment............ 4-8,
13-15,19,22,23,34
Employment estimates,,,
v.
. . . . . , , . , 12—15
Employment Service a c t i v i t i e s , , » , , , , , . , . . . « , , ,
16
Expenditures, U*S Government.
18
Explosives.,..,.*...
»,....,*,...
25
Exports (see also individual commodities).... 1,2,21-23
Express operations
,.*..,,.,,,.»
23
Failures, industrial and c o m m e r c i a l . . . . . . . . . . . . .
7
Farm income, marketings, and prices.......... 2,3,7,8
Farm wages,
^..........
15
Fats and o i l s . , . . , . . . . , . . . . . , . . , * . . , . . . 8,22,23,29,30
Federal Government
finance,
.
18
Federal Reserve banks, condition o f . . . . . . . . . . . . .
16
Federal Reserve member b a n k s . . . , . . . , , . , . . . . . .
17
Fertilizers,.,
..........
8,25
Fire l o s s e s , . , . , . . , . . . . . . , * . . . . , . , .
10
Fish oils and
fish.............................
29
Flooring, hardwood*
,
31
Flour, wheat., . , . . . . , . . ; . . . •
' . . . . . . . . . . . . 28,29
Food products.......... 1,4-8,11-15,19,22,23,26-30
Foreclosures, real estate,
10
Foreign trade (see also individual cornmod.)
21-23
Foundry equipment..
34
Freight cars (equipment)*
4,40
Fruits and vegetables.»
.......*,»
7,8
Fuel oil.
, * . . , , . . . . . . . . . . . . . . , , . . . , 35,36
Fuels
'.
4,8,22,23,34-36
Furnaces.,,.»,.,..»........,,,,...,.,.,*.,..
34
Furniture....
4,8,11-15
Gas, output, prices, sales, revenues............ 4,8,26
Gasoline.
. . . . . . . 1,35
Glass and products
.
...................
38
Glycerin.,
,...,,.
.
.,.*.,..*
25
Gold,.
„.
19
Grains and products.
7,8,22,27,28
Grocery stores, . . „ . . . . . , . . . „ . . . . . . , . . , 11,12
Gross national product.,
1
Gross private domestic investment..............
1
Gypsum and products,
9,38
Hardware stores.
11
Heating equipment. , . . . , , . . » . , . . , . . » , , , » . , , » , 9,34
Hides and skins
......V.
8,30
Highways and r o a d s , « . . . , » . , , , . . . . . . . . » . . . . . . 9,10
Hogs....... ! . , . . ' . . - . . • .
..,
28
Home electronic equipment,
8
Home Loan banks, outstanding advances.
10
Home m o r t g a g e s . , , , , . . . . , , . . « . . . . .
.,
10
Hosiery.
,
40
Hotels.. . . . . . ; . . . . . . . . . . . . , . . . . ' . . .
24
Hours of work per w e e k . , . » , . . . , . . . . .
14
Housefurnishings.
1,4,8,11,12
Household appliances, radios, and television sets.
4,
8,11,34
Housing starts and permits. . . . . . . . .
10
Imports (see also individual commodities)
1,22,23
Income, p e r s o n a l . . . . . . » . , . . . , , . . »
. 2,3
Income and employment tax receipts,...........
18
Industrial production indexes:
By industry,
.,
< « . . . » , . . . . . . . 3,4
By market g r o u p i n g , . . . , . , . , . . , . * . » . , . . , , » ,
3,4
Installment c r e d i t , , . . , . , . . . ,
. . . , , . , , . 12,17,18
Instruments and related p r o d u c t s . . . . . . . . . . 4-6,13-15
Insurance, l i f e . . . , . » . . » , . . . . . , , . , „
18,19
Interest and money rates.,
17
Inventories, manufacturers* and trade.......... 5,6,12
Inventory-sales ratios.,....,,
,.,*.,..
5
Iron and steel.
4,5-7,9,10,19,22,23,31,32
Labor advertising Index, strikes, turnover.......
16
Labor force.,.,.
12,13
Lamb and mutton. . . . . , , * . . , , . .
,
28
Lard.
.,.,...,
...,...,.*..,.,......,
28
Lead,..,,..,
,
33
Leather and products, . * . . * . . . . . . . , , * . . 4,8,13-15,30
Life insurance...*..,.,...
. *.
18,19
Linseed o i l . . . . . . . , , , .
,
.
.......
30
Livestock.
,
.
... 3,7,8,28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit)..,...,..* 10,16,17* 18,20
L u b r i c a n t s . . . . . . . . . , . . . . . . . . . ; . . . . « . . . . . . . . . . * 35,36
Lumber and products.
4,8,10-15,19, 31
Machine t o o l s . . . . . . . . . . ' . . • ; . . . . . .
34
Machinery
4,5-«, 13-15,19,22,23,34
Mail order houses, sales,,.
.
11
Man-hours, aggregate, and i n d e x e s . . . . . . . . . . . . .
14
Manmade fibers and manufactures
9,39
Manufacturers* sales (or shipments), inventories,
orders..,,
,..,,...,,..,..,,..,...,
4-7
Manufacturing employment, unemployment, production workers, hours, man-hours, earnings... 13-15
Manufacturing production indexes,
3,4
Margarine.
29
Meat animals and m e a t s . . . . . . . . . . . . . 3,7,8,22,23,28
Medical and personal c a r e . . . . . . . . . . . . . . . . . . . . .
7
Metals.,
,
4-7,9,19,22,23,31-33
Milk.........................
27
Mining and minerals..,
2-4,9,13-15,19
Monetary statistics..+.,,.,
19
Money s u p p l y , , , , , , » . . . . . . , , , , , , » , , . . , ,
19
Mortgage applications, loans, rates.
10,16,17,18
Motor carriers.
'.....,.
,
23,24
Motor vehicles,............. 1,4-7,9,11,19,22,23,40
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 d a t a . . . . . . . . 20,21
Nonferrous m e t a l s . . . . . . . . . . . . . . . . , . 4,9,19,22,23,33
Noninstallment credit.....,,.,..
..........
17
Oats
....,...,,.,,....,.,......
27
00 b u r n e r s . , , . . . . . , , . . . . . . . . , . , . , . . , , , . . , . , ,
34
Oils and f a t s . . . , . , . . . . . , . . , . , . . . , . , , , 8,22,23,29,30
Orders, new and unfilled, manufactures*.,,,,,. i.
6*7
O r d n a n c e , . , , , . . . . . . , . . , . , . . . . . , . , . . . . . . . . . . . 13-15
Paint and paint m a t e r i a l s . . . , . » , . . . , . , . . . . . , . . . 8,25
Paper and products and pulp.
, . , , 4-6,
9,13-1$, 19,23,36,37
Parityratio,......,..,,.,...,,..,...../,...,.
7
Passports issued.,,..,.,»
.............'..,
24
Personal consumption expenditures..............
1
Personal income,
, . . . . . . . , . 2,3
Personal o u t i a y s . . , . . . . . . . . , , , . , , , . . , , . , . . . . 4 .
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
Poultry and eggs
.,,.....,».
....... 3,7,28,29
Prices (see also individual commodities)......... 7-9
Printing and publishing
.,.,,.
4,13-15
Profits, c o r p o r a t e , . . . . , . , , , . . . . , . . , . . . . . . . , , . . 2,19
Public utilities.... i . . . . . . . . . . . . . . . . 2-4,8,9,13,19-21
Pullman C o m p a n y . » » « , , , . , , , , , , . , , , , , , , , , , . , . .
24
Pulp and pulp wood. . . , . , . . , , , , , . , , . . . . . , » . . * .
36
Purchasing power of the dollar.,,,..,
*.,.
9
Radiators and convectors,............V.... i . . »
34
Radio and television...,
,,.
* . . . 4,10,11,34
Railroads.,
2,15,16,19,20,21,24,40
Railways (local) and bus lines.
»,
23
Rayon ana a c e t a t e . . . , . . . . . . , . » . . . , . .
39
Real estate.
10,17,18
Receipts, 0.S. Government, ; . . . - . , . . - . . . . * . . . . . *
18
Recreation.
,
..*...
8
Refrigerators and home freezers
,.....*
34
Rent (housing). . , , , . . . . , . . * , . , . . , . , . . , . , . _ . .
7
Retail trade..
5,8,11-15,17,18
Rice..
.,...,..,..,...
27
Roofing and siding, a s p h a l t , . . . » . . , . , , , , , , . , . . .
36
Rubber and products (incl. plastics)............ 4-6,
9,13-15- 23,37
Saving, p e r s o n a l . . . . . . . . . . . . . . . , . , . , , . . , . , . , , .
2
Savings deposits.. . . ; . , . . ; . • . . . . , . ; . , , . , . . . . . , .
17
Securities i s s u e d . . . . . . . . , . . ' . . . . . . . . . . , . , . . . . , . 19,20
Security m a r k e t s . , , . , . , . , . . . , ,
20,21
S e r v i c e s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,7,13
Sheep and lambs, * . , , , . . . , . , . , , , , , , » . , , . , , , . ,
28
Shoes and other footwear..,...,.,,.,..,,.. 8, II, 12,30
Silver.......,,.........,.,.,,.,...,......,.,
19
Soybean cake and meal and o i l , . . . , . , . , . , . , , . . .
30
Spindle activity, cotton, , . . . , , . . * . . , * . . . . , , . . .
39
Steel (raw) and steel manufactures , . « , , . * , . , , . , 31,32
Steel s c r a p . . , . , . . . , . . . , , . , . . . . . ; . , .
.,....'.
31
Stock prices, earnings, sales, etc.. . . . . , . , . , . . . . * 20,21
Stone, clay, glass products.,,..,.,. 4-6,8,13-15,19,38
Stoves and ranges, . , . . * , . , . + . , . , « i . . . . . . , , . . .
34
Sugar..........
23,29
Sulfur........*...,..,,.,.,
,..,..,...,.,
25
Sulfuric acid,
,.,...
24
Superphosphate
.....;:......-.
25
29
Tea imports.
Telephone and telegraph carriers ,
.
radio..? , . . . .'.7. . . ;' ^ /i ."-. . . . 4, 10, 11, 34
Television and1 radio.
Textiles and products.... 4-6,8,13-15,19,22,23,38-40
Tin ...... . . . . . . .____. ..... , . , . . * . . , . . . , ..... 33
Tires and inner tubes, . . . . . . . . . . * ..... . , . . » 9, 11, 12, 37
Tobacco and manufactures . . . . . . . . 4-6, 9, 11, 13-15i30
Tractors, .'. ..... ..... ...... . . . , J . . ...........
34
Trade (retail and wholesale), , . . . . , . . . . . . . . . . 5,11,12
Transit lines, local. , . . . ,____. . ..... . . , , , . . , , , .
23
Transportation. . » . . . . . . , . . , ; . . . . . , , , 1,2, 8, 13,23,24
Transportation equipment. . . t - . . . . - . ; . 4-7, 13-15, 19^ 40
Traver.......? , . . . . . . . . . . . . * * . * . , . . . . . , . . . . 23,24
Truck trailers.. *.,,,..,....,.,.. ............ .
40
Trucks (industrial and other). .. . . * . . . . . . . * . . . . 34,40
Unemployment and insurance, . . , * . . . . . . . . . . 12, 13, 16
U.S. Government bonds, . . . * , . , . , . , , , . , . * . , 16-18, 20
U.S. Government finance ......... , . . . ....... * . ~
18
Utilities. ........... . . . . . . . . . . 2-4,9,13,19-21,25,26
Vacuum cleaners. . . . , . „ , , . , . , » . . . . * . * . . . . , . » .
34
Variety stores____, , , , . , . , , , . . , . . , . . . . . . , . . . . . 11, 12
Vegetable oils........ . . . , . . . . . . . . , , . . . . . . , . , . 29,30
Vegetables and fruits, * . ..... . . , . . . . , . . . . . , . . » ,
7,8
Veterans* benefits. . , , , . , . , , , . . , , . . , . , , . ..... ; , 16, 18
Wages and salaries, . . . * . , , . . . . . . . . . . . . . . . . 2,3,14,15
Washers and driers. . . . . . . . . . . . . . . . . . . . . . . . . . .
34
Water heaters. . ....... . . . . . . ---- , . . . , . . . . , . . ,
34
Wheat and wheat flour. . . . . . . . . . . . . : . »v» » . . . * , . - 28
Wholesale price indexes. . , * . . . * * , , . . , ....... ... 8, 9
Wholesale trade, ., « . . . ..... . . , . . . , . , . . 5, 7, 11, 13-15
Wood pulp , . . . , , , * . . . . . . , . , . . . . . . . . . . . . . . . . «
36
Wool and wool manufectares, . . , . ---- . , , , . , , , * . 9, 39
33
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Volume 48
Survey of Current Business
Numbers 1-6
First-Half 1967 Index
of Special Articles and Features
SPECIAL ARTICLES
The Economy in 1967
.
National Income and Product in 1967
Employment—Prices—Finance
The Balance of Payments in 1967
Personal Income Rises in All Regions in
Third Quarter
Federal Programs for Fiscal 1969
Business Investment and Sales Expectations,
1968
The U.S. Balance of Payments in the Fourth
Quarter and Year 1967
No.
1
1
1
1
Page
1
2
30
11
1
3
20
27
10
15
No.
Regional Changes in Personal Income,
1965-67
Alternative Estimates of Corporate Depreciation and Profits Part I
Alternative Estimates of Corporate Depreciation and Profits Part II.
U.S. Spending for Foreign Travel Totaled
434 Billion in 1967
The U.S. Balance of Payments in the First
Quarter of 1968
Page
17
16
14
18
FEATURES
No.
Fourth Quarter Inventory Developments—
Investment Rises Substantially
Steel Production, Consumption, and Inventories
Manufacturers' Inventory and Sales Expectations, First Half of 1968
1967 GNP by Major Industry
First Quarter Corporate Profits
3
4
5
Page
8
7
3
Monetary Policy Shifts to Restraint
Plant and Equipment Expenditures by
Foreign Affiliates of U.S. Firms—Revised
Estimates for 1967 and 1968
Plant and Equipment Expenditure Programs, 1968—-Rise Scheduled for Second
Half.........
Manufacturers' Sales and Inventory Expectations—Second and Third Quarters 1968..
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