Full text of Survey of Current Business : June 1972
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
A UNITED STATES
DEPARTMENT OF
COMMERCE
PUBLICATION
J.S. DEPARTMENT
OF COMMERCE
Social and Economic
tfetics Administration
SEAU OF ECONOMIC
ANALYSIS
JUNE 1972 / VOLUME 52 NUMBER
6
SURVEY OF
CURRENT BUSINESS
JUNE 1972 / VOLUME 52 NUMBER
SURVEY OF CURRENT BUSINESS
;
;
;
i
CONTENTS
THE BUSINESS SITUATION
Consumer Demand
2
Capital Investment
4
The Housing Market
5
Federal Budget Revisions
7
National Income and Product Tables
12
1972 Plant and Equipment Expenditure Programs
16
Publie and Private Debt
20
Balance of Payments Developments, First Quarter 1972
21
U*S«;. Department of Commerce • -. ' - '
Peter G* Peterson / Secretary
James T, Lynn / Under Secretary
Harold C* Passer / Assistant Secretary
for Economic Affair*
and Administrator Social and
Economic Statistics Administration
Bureau - of Economic' Analysis .
• ';
George Jaszi / Director
Morris H» Goldman / Deputy Director
tora S. Collins / Editor
Leo V. Barry, Jr. / Statistics Editor
Billy Jo Hurley/ Graphics
'• STAFF 'CONTRIBUTORS TO
JaekJ. Bame
Lora S. Collins
John A. Gorman
Donald A, King
• ISSUED
Barbara JL. Miles
Thomas R. Robinson
John T. Woodward
Annual subscription, including weekly statistical sup.
is $9 for domestic and f 12<?5 for foreign mailing,
glement,
ingle copy $1, Order firoin Superintendent of Documents*
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
TLS. Government Printing Office, Washington, I) XL
20402, or any Commerce Department Field Office. Make
checks payable to Superintendent of Documents.
Microfiche etUtion is available from the National
Technical Information Service, Springfield, Va. 22151.
Annual subscription, excluding i^eekly supplement, is $9
for domestic and $12 for foreign mailing. Single copy
$0.95. Make checks payable to OTIS.
Send subscription correspondence to the Superintendent
of Documents or HTIS. Send editorial correspondence
to the Btureau of Economic Analysis, IJ.S. Department of?
Commerce, Washington, D.C, 20230.
U.S. -DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, M« Me*. 87101
• U.S, Courthouse Pb. S43-2386,
Anchorage, Alaska 99501
632 Sixth A*re, 272-6531*
Atlanta, Ga, 30309
1401 Peach tree St. jSfE. 526-6000,
Baltimore. M«L 21202
415 UrS. Customhouse 962-3560.
, Ala. 35205
908 S. 20th §t* Pli. 325-3327.
Boston, Mass. 02116
441 Stuart St, 223-2311
Buffalo, N.Y. 14202
111 W» Huron Stv Ph. 842*3208,
Charleston, S.C. 29403
334 Meeting St,
Ph, 577*4171,
Cliar!«*ton, W. Va. 25301
500 Quarrler St. Ph. 343-6181,
Chgyerane, Wyo* 82001
2120 Capitol Ave,
Ph. 778-2220,
Chicago, III. 60604
1486 N^w Federal BIdg.
Ph. 353-4400.
latti^ Ofaio 45202
550 Main ,St, Ph. 684-2944.
Cleveland, Ohio 44114
666 Euclid Ave.
Ph* $22-4750,
Dallas, Tex. 75202
1100 Commerce St. 749-3281,
Denver, Colo. 00202
New Customhouse, 19th & Stout
Sts.
Ph. 837-3246,
0«* Moin«si, leswa 50309
609 Federal Bldg
Ph. 284-4222.
Detroit, Mich. 48226
445 Federal Bldg, Ph, 226-6088.
Greenshoro, N.C. 27402
258 Federal Bldg.
Ph. 275-9111.
Hartford, Conn. 06103
450 Main St. Ph. 244-3530.
Honolulu, Hawaii 96813
286 Alexander Young Bldg.
Ph. 546-8694.
Houston, Tex, 77002
1017 Old Federal Bldg.
Ph. 226-4231,
Jacksonville, Fla. 32202
400 W. Bay St. Ph. 791-2796,
Kansas City, Mo. 64106
601 East 12th St. Ph. 374-3141.
Los Angeles, Calif. 90024
11000 Wilshire Blvd. 824-7S91,
Memphis^ Xenn, 38103
147 Jefferson Ave.
Ph. 534-3214,
//
Miami, Fla. 33130
25 West Fiagler St. Ph. 350:5267.
Milwaukee, WJs« 53203
- '
238 W. Wisconsin Are.
Ph, 224-3473,
Minneapolis* Minn. • , 55401
306 Federal Btdg. Ph. 725-2133.
New Orleans, La. 70130
610 South St. Ph, 527-6546.
- New York, N,Y,''' 10007 '-- ' "26 Federal Plaiea Ph. 264-0634.
Philadelphia, Pa. B>1«7
1015 Chestnut St. Ph, 597-|850.
Phoenix^ Ariz. 85004
112 N, Central Pt* ,261-3285,
Pittsbnrgh, Pa. 15222
1000 Liberty Ave¥ Ph. 644-2850.
Portland,
921 S,W. Greg,
Wasfai 97205
on St.
Ph. 221-3001.
Reno, $ev. 89502
300 Booth St. Ph. 784-5203,
Richi»Qf«l> VaV 23240/ i ' ; -'v
2105 Federal Bldg, Ph* 782-2246,
St. -Louis, Mo, 63103.-*'^.
- '
2511 Federal Bldg, 622-4243,
Salt' Lake City, Utah -84111 , /
125 Squth Stats St, Ph. 524-51 16.
San Francisco, Calif, 94102
450 Golden Oate Are.
San Juast, Puerto Rico 00902
100 P.O. Bldg. Ph, 723-4640.
Savannah, Ga-. 31402
235 U.S. Courthouse and P.O.
Bldg, Ph, 232-4321.
v
Seattle, Wash. 98104
8021 Federal Office Bldg.
Ph, 442-5615.
the BUSINESS SITUATION
CHART 1
Retail Sales
Billion $ (Ratio scale)
45
40
. , TOTAL
35
~
_
s~*
30
25
1 1 1 1 1 1 1 1 M 1 1 II 1 1 1 1 1 1 1 1
1 1 1 1 11 1 1 1 1r
i in 1 1 1 1 1 1 1
5 -
DURABLES
Automotive Group
1968
1969
1970
1971
1972
Seasonally Adjusted
Data: Census
* Includes nonstore retailers.
U.S. Department of Commerce, Bureau of Economic Analysis
DEVELOPMENTS through the
year's first half seem clearly in line
with the widely held expectation of
brisk economic expansion in 1972. New
car buying is especially strong this
spring but consumer spending in other
lines is also vigorous, and the high rate
at which consumers have taken on new
installment debt reflects a strong willingness to spend. Overall, it appears
that consumer demand continues to
expand at something like the rapid pace
set in the year's opening quarter.
Capital investment has been an
important factor in demand expansion
in the first half of 1972. Fixed business
investment increased 5% percent in the
first quarter and, according to the BEA
survey taken in May, plant and equipment spending in the second quarter
was expected to show another large
advance (chart 2). The survey found
expectations of little if any further
spending growth after midyear, but it
is certainly possible that the actual path
of quarterly spending this year will
be smoother than the May survey
indicated.
Residential investment was by far
the fastest growing of the major demand
segments in 1971 and early 1972. Now,
however, growth in residential construction spending has just about stopped—through the level of spending
remains high. The cessation of spending
growth is the result of the topping out
of the housing starts rate in the first
quarter (chart 3). The general expectation is that the average starts rate
during the rest of the year will be lower
than the 2.4 million units (seasonally
adjusted annual rate) averaged in the
first 5 months.
The behavior of inventory investment continues to puzzle analysts.
Economic recoveries generally include
a strong upswing in the rate of inventory accumulation as the overall expansion becomes sure, but accumulation in this recovery has been extremely
cautious; indeed, the absolute level of
investment has been running close to
zero. This situation, coupled with expectations of good growth in business
sales for the rest of the year, has led
many forecasters to look for a very substantial increase in the rate of inventory
investment by yearend. Although this
is a reasonable expectation, there has
as yet been no clear evidence that such
a trend is developing.
Price developments
Prices moved up sharply in the first 3
months following the end of the wageprice-rent freeze last November, but
the advance slowed somewhat in the
3 months ending in May. The wholesale price index increased at an average
rate of 0.5 percent per month from
November to February and an average
rate of 0.3 percent from February to
May (seasonally adjusted; without seasonal adjustment, the November-toFebruary advance was sharper). The
consumer index increased an average
0.4 percent per month in the 3 months
following the freeze and 0.2 percent
from February to May (seasonally
adjusted).
SURVEY OF CURRENT BUSINESS
Items that are exempt from Price
Commission regulation have contributed measurably to the overall increases in both indexes. Estimates of
their contribution are available only
in terms of data without seasonal
adjustment. On that basis, the exempt
items in the consumer price index—
raw agricultural products, used cars,
houses, mortgage interest rates, and
taxes—contributed about 0.1 percent
per month to the index rise in both
3-month periods. The exempt items
in the wholesale index—imports and
domestic raw agricultural productscontributed about 0.3 percent per month
to the 0.8 percent monthly increase
from November to February; in the
February-May period, exclusion of the
exempt items slows the average monthly
increase from 0.3 percent to 0.2 percent.
In both consumer and wholesale
markets, the rate of price increase
(seasonally adjusted) accelerated in
May. The consumer index increased
0.3 percent that month compared to
0.2 percent in April, with the speedup
centered in nonfood commodities. At
the wholesale level, the acceleration
was from 0.3 percent in April to 0.5
percent in May and centered in farm
products and foods. The acceleration
from April to May in both indexes
appears to have been attributable to
an acceleration in the price advance
of items exempt from regulation.
Consumer Demand
Growth of consumer spending has
been a key factor in the accelerated
expansion of aggregate demand this
year. In the first quarter, when buying
of durable goods other than autos was
especially strong, total personal consumption expenditures increased $14%
billion at a seasonally adjusted annual
rate, or 8% percent. That was the
largest increase in 4 years, apart from
the first quarter of 1971 when spending
was boosted by the recovery from the
auto strike. The first quarter spending
gain came in the face of a marked
dampening of disposable income growth
as a result of the overwithholding of
personal income taxes. The saving rate
consequently dropped from 7.8 percent
in the fourth quarter to 7 percent in
the first—rather low relative to the
levels of the past 2 years.
Retail sales fell in April, when the
weather was unseasonably cold, but
rebounded very sharply in May, and
recent surveys of consumer attitudes
suggest that demand will continue to
be strong in the months immediately
ahead. With consumer spending in the
second quarter evidently running well
ahead of the first quarter level, it seems
likely that the saving rate has been
declining further.
Auto sales
Sales of new cars have been an important factor in the recent expansion
of consumer demand. Counting both
domestic models and imports, sales were
at a seasonally adjusted annual rate of
10.5 million units in April and 11 million
in May, up from an average 10.3 million
units in the first quarter (table 1). The
sales pace in the recent past has been
the strongest since the boom last fall
following the mid-August announcement of the wage-price freeze and of
the intended repeal of the auto excise
tax. In the 3-month period SeptemberNovember, sales averaged 11.5 million
units at a seasonally adjusted annual
rate (10.1 million domestic models and
1.5 million imports).
Table 1.—Sales of New Cars
[Millions of units, seasonally adjusted at annual rate]
Total
1968
1969
1970 .
1971 .
.
1971-1
II
III
..
1972-1
II*
.
rv
.
.
.
Domestic Imports
9.7
9.6
8.4
10.3
8.6
8.5
7.1
8.7
1.0
1.1
1.3
1.6
10.0
9.9
10.7
10.5
8.5
8.2
9.1
9.1
1.5
1.7
1.7
1.4
10.3
10.8
8.8
9.3
1.5
1.5
*April and May at annual rate.
NOTE.—Detail may not add to total because of rounding.
June 1972
The surge in auto buying this year
has been concentrated in domestictype models; sales of imports have been
fairly stable and their market share has
declined. Import sales fell sharply from
a record 1.7 million units (seasonally
adjusted annual rate) in the spring and
summer of 1971 to only 1.4 million in
the fourth quarter—because of shortages due to strikes at U.S. ports, and
very likely also because of the import
surcharge imposed at mid-August as
well as a growing acceptance of importcompeting domestic models. The surcharge came off in December, but at the
same time there were major revaluations of other currencies relative to the
dollar and this has had a big impact on
import car prices. (The prices of
German cars had already been affected
by the upward "float" of the exchange
• rate for the mark as of May 1971.)
Including the effect of the repeal of the
auto excise tax (which affected both
domestic models and imports), the retail prices of domestic subcompacts this
spring were up only about $20 from a
year earlier, but the prices of the
popular imports were up as much as
$250.
Sales of imports have increased modestly since late 1971 but are still below
the high rates of last spring and
summer; in April and May, they averaged 1.5 million units at an annual
rate. The American subcompacts—
Pinto, Vega, and Gremlin—have been
making substantial gains, apparently at
the expense of their closest foreign
competitors—Volkswagen, Toyota, and
Datsun. Data (not seasonally adjusted) for the first 5 months of this
year compared with the same period of
1971 show sales of American subcompacts up nearly 55,000 units over
the year while sales of their closest
foreign competitors declined about the
same amount. The increase in the sales
of American subcompacts would be
even more striking if sales of Vegas this
spring had not been held down significantly by shortages caused by a
strike.
As a result of the inroads made by
American subcompacts into the small
car market, several producers of imports
have responded with new initiatives to
June 1972
maintain sales. Some import dealers
have in recent months shown greater
flexibility in bargaining on new car
prices. Also, at least one major foreign
competitor is planning to introduce new
"economy" low-price models into the
U.S. market this year. Others have
plans to shift some of their sales effort
to the light-truck market, where consumer demand has been growing rapidly.
Retail sales
SUEVEY OF CURRENT BUSINESS
order houses, and vending machine
operators), which exhibited the only
marked strength among major nondurables groups last year, continued
to advance strongly this year. Sales of
food stores were generally flat last year
but have shown growth this year. However, the boom in sales of eating and
drinking places in the closing months
of last year has not persisted.
Consumer credit
Table 2.—Net Change in Consumer
Installment Credit Outstanding
[Billions of dollars, seasonally adjusted annual rates]
Total
1968
1969
1970 ..
1971
1970-1
II
III...
IV
1971-1.
II.
Ill
3V
.
. .
Other
Auto consumer Other i
goods
-1.2
2.5
2.6
2.2
2.3
3.1
1.8
3.0
4.0
4.6
4.1
-1.5
(*)
.2
-.6
-4.4
2.4
2.3
2.4
1.8
1.7
2.1
2.3
1.2
2.7
6.7
.4
2.3
3.7
4.5
.6
1.8
2.8
4.0
1.8
2.6
3.9
3.8
10.3
12.4
3.4
2.4
30
8.9
8.1
2.8
8.0
2.7
The advance estimate indicates that
The ready availability of consumer
12.2
4.3
4.0
3.9
retail sales increased 2% percent in credit has facilitated the expansion of 1972-Jan.-Apr
May to $36% billion, seasonally ad- consumer spending, particularly for
*Less than $50 million.
Mainly personal loans; some small amount for repair
justed, following a decline of 1% percent durables. This year has seen an extraor- and1. modernization
loans.
NOTE.—Components may not add to total because of
in April. The indicated May gain was dinary expansion of installment rounding.
Source: Federal Keserve.
one of the strongest monthly advances credit: In the first 4 months of the
since the economic recovery got under- year (April being the latest month for
way in late 1970. The sales gain in which data are available), consumer
March was even stronger, and there installment credit outstanding grew at consumer credit in the past year. In the
was also a good increase in February a seasonally adjusted annual rate of first 4 months of 1972, the increase in
(chart 1; advance estimates of the $12% billion (table 2). This expansion auto credit was a very large $4% billion
seasonally adjusted detail for May are continued the record-breaking growth (annual rate). However, the installment
not available). The upswing in sales in consumer credit that began in the credit expansion has not by any means
this year has been quite broadly based, spring of last year; the recent gains are been due entirely to auto sales; the
though the resurgence of automobile far larger at annual rates than the $9 strength of consumer demand for other
sales has been especially marked.
billion increase in 1968, a year of par- major Durable goods since the spring
Sales of durable goods stores outside ticularly strong growth in consumer of 1971 has also been important. Perthe auto group began to increase credit.
sonal installment loans have also instrongly in the spring of 1971 and brisk
Auto credit has accounted for an creased strongly.
expansion continued through March of important part of the acceleration in
The ratio of consumer credit extenthis year; sales declined in April, however, and in May they appear to have
been still somewhat below the record
reached in March. Some part of the
expansion in purchases of nonauto
durables is no doubt associated with the
boom in homebuilding. Sales of lumber,
building, and hardware stores, which
provide some of the materials for construction, increased extremely rapidly
from early 1971 to early this year,
though they have weakened recently.
Sales of retailers in the furniture and
Responsibility for conducting and processing the quarterly survey of
appliance group also increased very
manufacturers' inventory and sales expectations was recently transferred
rapidly from the fall of 1971 to the
from BEA to the Census Bureau. Because of problems associated with the
spring of 1972.
transfer, tabulation of the second quarter survey has been delayed and there
Sales of nondurables retailers have
is no report on the findings in this issue. However, it is anticipated that
generally been increasing more rapidly
findings will be reported in the SURVEY in the future.
this year than last, when there was
The article on travel and transportation transactions in the balance of
steady but slow expansion. The
payments, which usually appears in the June SURVEY, will appeal this year
in July.
strengthening has been broadly based,
but there has been an especially marked
pickup in the sales of apparel stores.
Sales of the general merchandise group
(department and variety stores, mail
Inventory and Sales Expectations:
Travel and Transportation in the Balance of Payments
SUEVEY OF CURRENT BUSINESS
sions to disposable personal income is
currently about 16% percent, a high
figure by historical standards and up
from 15% percent in the first quarter of
1971. The high level of this ratio raises
June 1972
a question as to how willing consumers
will be to undertake further rapid
expansion of installment credit; the
answer will certainly have an influence
on the course of durable goods buying.
liberalized depreciation rules and the
new investment tax credit enacted last
December. According to a survey of
spending plans taken by McGraw Hill
Publications Company in March and
April, businessmen reported that their
expected 1972 outlays are $% billion
higher than they would have been in
the absence of these two stimulants.
Roughly $500 million of that amount
was attributed to the investment tax
credit and $250 million to liberalized
depreciation.
Capital Investment
The latest BEA survey of plant and
equipment spending, taken in May and
reported on pages 16-19 of this issue,
indicates that business capital spending
in 1972 will total $89% billion or 10%
percent above 1971. This is essentially
the same as the expectation reported
in the February survey, and compares
with an increase of only 2 percent in
1971. Manufacturing firms plan to
increase outlays 5% percent; the in-
CHART 2
Plant and Equipment Expenditures
Billion $
1962
(Ratio scale]
64
66
68
70
72
Seasonally Adjusted at Annual Rates
• Expected
U.S. Department of Commerce, Bureau of Economic Analysis
72-6-;
crease is concentrated in the durables
goods industries, which plan an 11%
percent increase this year following a
10% percent decline last year. Nondurables producers plan a very small
increase in outlays (about one-half of
1 percent) compared to a cut of 2
percent in 1971. Aggregate investment
by nonmanufacturing industries is expected to expand 13 percent this year,
up from 7% percent last year. Most
nonmanufacturing industries plan increases close to the average for the
group, but the airlines, which cut outlays 38 percent in 1971, expect a 26
percent increase in 1972.
Spending in the first quarter fell
short of the expectation reported in
February by some $750 million (annual
rate) but the increase from the fourth
quarter to the first was nevertheless a
very substantial $3% billion (annual
rate). The expectation for the second
quarter, which was revised up between
the February and May surveys, is for
a gain of nearly $4 billion. The shortfall
in the first quarter centered in manufacturing; spending by the nonmanufacturing group exceeded reported
plans. Moreover, manufacturing firms
did not revise their plans for the
second quarter between February and
May but nonmanufacturing firms raised
theirs considerably. The May survey
findings indicate that this year's growth
in outlays is over, with aggregate
spending expected to decline slightly in
the summer and rise slightly in the
fall. However, the large size of the
increase expected for the second quarter
suggests the possibility that some part
of the expected second quarter advance
will in fact be pushed into the second
half of the year.
There is some evidence that capital
spending this year is stimulated by the
Cyclical recovery patterns
The latest BEA survey collected investment expectations only through the
fourth quarter of this year. On the basis
of these data, the current expansion of
capital spending, while vigorous thus
far, is not shaping up as strong as the
last two capital spending recoveries.
This is illustrated by table 3, which
compares the path of the current spending expansion (defined as beginning in
the fourth quarter of 1971) with the
paths in the recoveries in 1968 and
1963. The criterion for choosing the
base or "trough" quarters used in the
table was that they be quarters when
spending declined, followed by at least
three quarters of clear expansion.
Of course, the actual path of the current spending recovery could well turn
out to be quite different from that
shown in table 3. Thus far, however,
there has been no significant pattern of
upward revision of spending plans. This
is somewhat surprising because such a
pattern is typical of periods of strengthening economic activity when cautious
Table 3.—Capital Spending Recoveries
[Percent of indicated trough quarter]
Quarters after "trough"
"Trough" quarter*
1971-III
1968-11
1963-1
1 _
103.0
102.2
103.9
2
107.5
104.2
109.8
113.0
3 ...
E112.3
109.4
4 .
E 111. 1
111.5
119.0
E 112. 6
117.4
121.4
5
_
E=Expected.
* Recovery is denned as a minimum 10-percent rise over a
period of 5 quarters. "Trough" quarter is a quarter in which
capital spending declines followed by at least 3 quarters of
clear expansion.
June 1972
business attitudes give way to rising
optimism as the economy improves.
Expansion versus modernisation
Although the economy is certainly
expanding vigorously, the rate of manufacturing capacity utilization as estimated by the Federal Reserve is
evidently low and on the basis of this
evidence it seems unlikely that manufacturing firms would be very interested
in spending to expand capacity. However, utilization figures are difficult
to calculate meaningfully and hard to
interpret. It is certainly possible that
these estimates of utilization do not
make adequate allowance for obsolete
equipment; this would mean that effective utilization is higher than it appears
to be, and that manufacturers have
more incentive for expansion than they
appear to have. In any event, manufacturers do have a strong motivation
to spend on modernization and replacement as a way of controlling costs
through updating technology and increasing productivity.
The McGraw-Hill capital spending
surveys provide a breakdown of manufacturers' spending into outlays for
capacity expansion and those for modernization and replacement. The latest
report shows the planned allocation of
1972 spending as 44 percent to expan-
SURVEY OF CURRENT BUSINESS
sion and 56 percent to modernization.
This planned share for expansion is
noticeably smaller than the expansion
share in the past few years; by contrast, in other periods when capital
spending has strengthened, the expansion share has typically increased (table
4).
The data on expansion and modernization must be interpreted cautiously
because there are serious definitional
problems involved in allocating spending to the two categories. The shares
vary considerably over time; this is
The Housing Market
The current boom in homebuilding
got underway nearly 2 years ago.
Though starts of new units have fallen
off from the record high hit earlier
this year, the annual rate is still well
above 2 million units (Chart 3). For
the first 5 months of 1972, starts
averaged 2.4 million units at a seasonally adjusted annual rate, compared
with 2.1 million for the full year 1971.
At this juncture, it is interesting to
take a look at data that indicate what
happens after a unit is started. The
data, including "absorption" rates and
the number of new homes for sale and
sold, suggest some softening in both
Table 4.—Shares of Manufacturers' Plant rental and homeowner markets. This
and Equipment Spending Allocated to
softening could become more apparent
Expansion and to Modernization
as the large number of units started but
[Percent]
not yet completed comes onto the
Expansion ModernYear
market.
ization
The recent high starts rates will not
49
51
1952
have their full effect on the housing
52
48
1953 - .
43
57
1954
supply for some time yet, because com1955
47
53
pletions of new housing units follow
1956
n.a.
n.a.
52
48
1957
starts with a lag representing construc70
30
1958
.
35
65
1959
tion time. For single-family homes—
31
69
1960
which according to the Census Bureau
30
70
1961
.. . 32
68
1962
definitions include not only detached
1963
36
64
units
but also most of the so-called
33
67
1964
45
55
1965
townhouses—the
lag looks to be about
47
53
1966
47
53
1967
1 quarter. The lag for units in multiunit
50
50
1968
structures is longer, running to 3 or 4
50
50
1969
. .
50
50
1970
quarters. These lags, coupled with the
47
53
1971
high
starts rate, mean that there is a
1972 E
56
44
large number of units under construcN.a.=Not available.
tion. The number of single-family
E=Expected.
homes under construction at the end of
Source: McGraw-Hill.
probably in good part a cyclical
phenomenon, but data are not available quarterly and so it is not possible
to identify cyclical swings with any
degree of precision. The data seem to
show that the share going to expansion
moved up sharply in the capital spending boom in the mid-1950's and then
dropped back in the 1957-58 recession.
The expansion share stayed low until
another capital spending boom developed in the 1960's, when it again moved
up significantly, not falling back until
1971.
CHART 3
Residential Construction and
Mobile Homes
Million Units (Ratio scale)
3.0
2.5
2.0
PRIVATE HOUSING STARTS
1.5
1.0
I I I I I I I I I I I I I I I I I M I I I I I I t i l l II I I II I I I I
_ MOBILE HOME SHIPMENTS
.15
1963
65
67
69
71
Seasonally Adjusted at Annual Rates
April and May average
U.S. Department of Commerce, Bureau of Economic Analysis
Data: Census
SUEVEY OF CUEEENT BUSINESS
the first quarter was 547,500 (not seasonally adjusted), up 4 percent from
the fourth quarter and 35 percent from
a year earlier. In the case of multiunit
structures, 816,000 units were in the
construction pipeline at the end of the
first quarter. This figure, which includes
all units in structures with more than
one unit, was up 5 percent from the
fourth quarter and 37 percent from a
year eailier. Table 5 shows percent increases over four-quarter periods for
each region and for single-family and
multiunit structures separately. Data
are available only from the end of 1969
and, therefore, percent changes are
shown only beginning with the fourth
quarter of 1970. In view of the very high
rate of starts in recent months, the
number of units under construction
should continue to grow for a while at
least, particularly in the South and the
West.
Apartment buildings
Most units in multiunit structures
are intended for the apartment rental
market. The "market absorption rate"
is a measure of how this market handles
the new units becoming available in
buildings with five or more units (excluding public and publicly subsidized
housing, condominiums, cooperatives,
and furnished units). The 3-month market absorption rate for a given quarter
is the percentage of apartments completed in the quarter which are rented—
i.e., "absorbed"—within 3 months. The
Census Bureau also calculates rates for
absorption 6 and 9 months after completion. These rates show obvious
seasonal movements from quarter to
quarter, but because the data go back
only to the beginning of 1969 it is not
yet possible to calculate seasonal adjustment factors.
Of the apartments completed in the
fourth quarter of 1971, only 62 percent
(not seasonally adjusted) were rented
within 3 months, down from rates of 65
percent 1 year earlier and 76 percent 2
years earlier. The absorption rates 6
and 9 months after completion have
recently shown similar declines: the
proportion of units completed in the
third quarter of 1971 and absorbed
within 6 months was 82 percent, down
4 points from a year earlier, and the
9-month absorption rate for units completed in the second quarter of 1971
was 91 percent, also down 4 points
fiom a year earlier. The general trend
of absorption since 1969 has been
downward; that is, it has been taking,
on the average, progressively longer
after completion to rent out a new
apartment. Until last year, a large
part of this decline in absorption rates
was apparently due in large part to
rising rents on new units: between the
first quarter of 1969 and the fourth
quarter of 1970, the median rent of
units in newly completed apartment
buildings rose about 16% percent. There
was little change in the median rent in
1971, but late last year the number of
units in multiunit structures coming
onto the rental market began to show
the effects of the boom in starts. With
the largest part of the newly started
apartment buildings still not completed,
it is likely that the market absorption
rate will continue to fall for some time
yet.
The other major available measure
of conditions in the rental housing mar-
June 1972
ket is the rental vacancy rate (which
mainly reflects apartment vacancies but
includes some single-family dwellings
as well). The rate declined fairly
steadily from 1966 to 1970, when it
stabilized. In the first quarter of 1972,
the new vacancy rate series recently
introduced by the Bureau of the Census
showed 5.3 percent of the Nation's
rental housing stock vacant, about the
same as in the past 2 years. The rate
remained highest in the South and
lowest in the Northeast. Because of the
large number of units still in the construction pipeline in all regions, vacancy rates are expected to rise as completions rise later in the year. This
could be particularly true in the South
and the West, where the number of
unfinished apartment units under construction is growing rapidly.
Single-family homes
The market for single family homes
is showing some signs of possible softening. Single-family homes require less
time in the construction pipeline than
multiunit housing. As a result, even
though the rental market is only beginning to show the effects of the steep
rise in starts, the housing boom has
already been having an impact'on the
homeowner market. The number of new
one-family homes sold has been rising
steadily since the spring of last year,
but the number of homes for sale has
been rising even faster. As a result, the
ratio of new homes for sale to the
monthly number of homes sold (an
"inventory-sales" ratio) has also been
rising. The ratio reached an average of
5.4 months in the first quarter of this
Table 5.—Housing Units Under Construction at End ot Quarter
[Percent change from same quarter one year earlier]
United States
lunit
In structures with:
1970-IV
1971-1
II.
Ill
IV
.._.
.
1972-1
Source: Bureau of the Census.
Northeast
2 or more
units
1 unit
North Central
2 or more
units
1 unit
2 or more
units
South
1 unit
West
2 or more
units
1 unit
2 or more
units
10.1
2.4
19.3
29.2
-2.4
-14. 1
20.8
1.0
20.9
32.1
40.3
36.2
14.3
28.4
36.7
40.8
16.7
23.6
28.2
13.6
30.9
26.2
26.7
27.6
12.7
24.3
33.0
39.7
-6.4
22.3
44.6
57.6
28.4
34.3
44.2
39.6
13.1
25.6
32.1
42.6
18.9
46.5
54.2
49.3
24.7
41.7
48.8
36.6
34.7
37.3
16.1
23.3
29.3
45.3
40.6
44.8
43.6
31.2
-3.8
0.3
June 1972
SUKVEY OF CUEEENT BUSINESS
and a $3.6 billion reduction in estimated
expenditures. The revision of receipts
is mainly in individual income taxes,
which are now estimated to total nearly
$8 billion more than the figure in the
January budget. This is largely because
of unexpected overwithholding. Estimates of corporate income tax collections were revised up $1.5 billion, but
there is still considerable uncertainty
about the size of collections in June, a
Federal Budget Revisions
month when heavy corporate payments
are made.
Much of the downward revision
of fiscal 1972 outlays is due to the
Eevised estimates of Federal unified jected date of the first, retroactive, delay in the start of general revenue
budget receipts and expenditures for payment of general revenue sharing, sharing. There are reductions also in
fiscal years 1972 and 1973 were released which is now put early in fiscal 1973 estimates of outlays for unemployment
in early June by the Office of Manage- rather than late in fiscal 1972. Con-benefits and the emergency employment
ment and Budget (OMB). According gressional action raising benefits for program, waste treatment grants, and
to OMB, the new figures incorporate disabled coal miners above levels pro- veterans benefits, partly offset by
revision of estimates of uncontrollable posed in the budget adds another $1 increases in estimates for public debt
outlays, the estimated effects of con- billion. There are a number of other, interest and housing programs.
gressional action already completed or smaller revisions in the estimates for
virtually certain to be completed, new civilian programs, but no change was NIA Federal sector
or amended Presidential proposals, and made in the budget assumption of a 5No official OMB estimates of the
the tax collection experience of the percent social security benefit increase
Federal
sector of the national income
effective in fiscal 1973. The OMB June
months January through April.
For fiscal 1973, the new estimates report did not revise the January budget accounts (NIA) were released. Howshow a $27 billion deficit as compared estimates of fiscal 1973 military out- ever, unofficial calculations by BEA,
to a $25.5 billion deficit projected in lays. However, recent congressional consistent with the new OMB estimates
January. The receipts estimate has testimony by the Secretary of Defense of unified budget outlays, show fiscal
been raised $2.2 billion to $223 billion, suggests the possibility of higher de- 1972 expenditures on the NIA basis
although no change has been made in fense expenditures if present rates of to be more than $4% billion below the
the calendar 1972 GNP projection. activity in Vietnam continue well into figure estimated in January, and fiscal
1973 expenditures about $4J^ billion
About $1.6 billion of the upward revi- fiscal 1973.
above
the January estimate. For both
sion is accounted for by individual
years,
the principal revisions are in
Fiscal
1972
deficit
reduced
income taxes, which have been revised
grants-in-aid
(including revenue sharmainly because the estimate of calenThe revised figures show a deficit of
dar 1972 tax liabilities has been raised. $26 billion for the fiscal year ending ing) and personal transfer payments.
Assumptions about fiscal 1973 tax this month, considerably below the BEA has not reestimated NIA receipts,
rates are unchanged from the January $38.8 billion deficit estimated in Jan- but data for the first three quarters of
budget. In particular, the new esti- uary. The reduction is the result of a fiscal 1972 suggest much higher levels
mates retain the assumption that Con- $9.2 billion upward revision of receipts than projected in January.
gress will enact the proposed increase
in the social security wage base from
$9,000 to $10,200 retroactive to January 1, 1972. However, legislation enTable 6.—Unified Budget Receipts and Expenditures, Fiscal Years 1972 and 1973
acted at end-June raised the base to
[Billions of dollars]
$10,800, effective January 1, 1973, along
Fiscal year 1972 estimate
Fiscal year 1973 estimate
with an increase in the tax rate, and also
raised benefits 20 percent, effective
As ofAs of—
September 1, 1972.
Eevision
Revision
Jan.
June
Jan.
June
Outlays in fiscal 1973 are now probudget
budget
jected at $250 billion, about $3.7 billion
2.2
9.2
197.8
223
207
220. 8
more than the January estimate. The Receipts
Outlays
250
3.7
246.3
236.6
233
-3.6
principal revision is a $2.2 billion in-1.5
Deficit
-25.5
-27
-38.8
-26
12.8
crease resulting from a shift in the pro-
year. It had fallen from 6.6 in the summer of 1969 to a low of 4.2 a year ago.
The median number of months on the
sales market of new homes for sale has
also been rising. The median time,
measured from the start of construc-
tion, was 3% months for units for sale
at the end of the first quarter. The
length of time on the market had fallen
sharply from 5% months in mid-1970 to
3 months in mid-1971 but has been
rising steadily since then.
8
June 1972
SUKVEY OF CUERENT BUSINESS
CHART 4
€1
In May: Nonfarm payroll employiTient rose 206,000
The jobless rate unchaiiged at 5 .9 percent
1
i
Wholesale price index tip 0.6 pel'cent, prices for farm products and food up 1.4 percent
@>
THE LABOR MARKET
TOTAL PRODUCTION
Billion
$
1,150
PRICES
Mill on Persons
Pert ent
89
16
CIVILIAN LABOR FORCE AND EMPL OYMENT*
CURRENT DOLLAR GNP**
1,100
IMPLICIT PRICE DEFLATOR FOR GNP**
(Change From Previous Quarter)
86
12
/.
T
1,050
Labor Force
°?xf\«,
s*
83
8
Jj^^ Final Sal5S
Inventory Changef
950
Employment ^
80
1,000
<n
i i
i
\
\
l
i
Quarterly (l)
t
77
i iii 11 11i11
Monthly (May)
Billic> n $
Pe rcent
40
8
30
6
•Final Sales
Quarterly (1)
0
0
Quarterly (1)
CHAIN PRICE INDEX FOR GNP**
(Change From Previous Quarter)
Total * *~—•xx'v-
12
Married Men
8
*'•..„.—
..""****
- .X""**
4
i » i j ij i 1 1 1 1
I Il l l !i I I1I
i i i i i ! I l 1 Ii
BEA
Monthly (May)
Billio n $
Mill'on Persons
850
76
0
72
800
B Dions
160
.^ if
1967 = 100
140
150
130
"-"
Total
„*••***
68
—
140
120
130
110
120
100
3
_
s^**T ***^
wfMHff?Mifc5»j|jg^
l
650
l
Final Sales
i
»
\
\
)
Quarterly (1)
I
}
60
Hours
45.0
42.5
40.0
5
-5
37.5
I
1970
'.
'
1972 BEA
Quarterly (l)
* Seasonally Adjusted
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
BLS
125
WHOLESALE PRICES
3.50
120
3.25
115
3.00
no
_
Farm Products
Processed Foods
and FeedSx^
Total >
/•vs&'Jt
mmjf^\^
Industrial
Commodities
I 1 1 I 1 1 1 1!1 l
1970
i i1 | i I i i |i|
1967 = 100
«*"*"
**^-**
35.0
1971
\ \ l \ \ \ \ \ \ \ \
Monthly (May)
3.75
Average Hourly Earnings ,..y***
(right seal B) x""'*
\.»«
<,.„•*•**
Average
Weekly Hours
(left scale)
-—^-
'^^Z^P'
Retail Food*
BLS
C)ollars
PRODUCTION 0 R NONSUPERVISOR^f
VATE)*
WORKERS (PR1
CONSTANT DOLLAR (1958) GNP**
(Change From Previous Quarter)
Total
\~<** Final Sales
r
1 1 « 11 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 <
Monthly (May)
Per cent
0
1 1 1 1 ! I 1 iJ H
BEA
15
10
Man-Hours**
(right scale)
64
BEA
CONSUMER PRICES
Employment* (left scale)
^^
1
Inventory
Change
III! ili,1
Quarterly (l)
BLS
NONFARM ESTA BLISHMENTS
CONSTANT DOLLAR (1958) GNP**
Total
BEA
Penrent
16
4
2
700
lillli.,l
a
=
10
750
BLS
UNEMPLOYMENT RATE*
Total^ 1
20
0
BEA
CURRENT DOLLAR Gr> p**
(Change From - Previous
5
Quarter)
|
4
1971
Monthly (May)
1972
BLS
2.75
105
.1 L \ l l t f t I 1 I
1970
i i i i tI i i i ii i i i » 1 1 i t \ \ i
1971
Monthly (May)
1972
BLS
9
SUEVEY OF CUREENT BUSINESS
June 1972
• In May:Personal income rose $4% billion
•
Housing starts increased 101/2 percent
• Plant and equipment spending expected to rise 10|4 percent in 1972, compared with only 2 percent in 1971
INCOME OF PERSONS
CONSUMPTION AND SAVING
750
950
_
/
650
-
_
-f^^
600
i i t i 1 Ij | j j j
M 1 1 1I 1 1 1 1 1
1 M t ( 1 i t 1
Monthly (May)
U
i
550
Billion $
Personal Saving Rate
(right scale)
l l
1
t
/f
-*/
-
^
Manufacturing
50
- 8
25
6
0
I
1
30
^^.
^^^
200
••
_
•
,<•»*
""*
J
1
-
/
Residential Structures**
[
f
i; f
i
i
1
1
1
Quarterly (1)
BEA
BEA
PLANT AND EQUIPMENT EXPENDITURES**
Total
- .
^
-'.
\
100
35
-
•~>*-*-]r-""
Nonresidential S ructures**
Billion $
(right scale)
/
., ..-*•*"
~_
- 10
RETAIL STORE SALES*
Total
(left scale)
•A--i
-
40
\ ^-s^
500
75
Billion $
WAGES AND SALARIES**
~*^
- 12
,**•"""
Quarterly (l)
650
550
-•"/•--.,
-S^^——**
BEA
Billion $
600
100
-1
Personal
^S\^
Consumption Expenditures/"^
(left scale) "^
/
f
S
750
14
Producers' Durable Equipment**
700
850
800
Billion $
PERSONAL CONSUMPTION EXPENDITURES **
AND PERSONAL SAVING RATE*
PERSONAL INCOME**
900
FIXED INVESTMENT
Percent
Billion $
Billion $
s^S^f/
90
,
80
xXX
~<x
70
-
/>--^.-*• S/
S""'**"
•**
,s
\-ir^^
-
^~"*' 1
**"***
-
150
25 •=.*-*"*''"* —
*"
Excluding Automotive Group
o Expected
450
i 1 1 1 1 1 uij i
j 1 1 1 iJ LL_LLI
1 1 1 1 1 i 1 t 1 1 1
Monthly (May)
100
20
n i M 1 i M i i j i 1 1 1 li j j i j. i i i i l 1 i i i i i
BEA
Monthly (May)
Billion $
Million Units
850
12
-
10
—
^^
A
-
6
' r -^
1
I
4
1 1 1 M 1 1 t I M
]S
-
^^
/
\
\
|
|
I
|
1
1
BEA
Dollars
2,900
V
2,700
i i ~
t
i i
1
1970
f
1
1971
Quarterly (l)
* Seasonally Adjusted
7
i i 1 1 1 1 \\ 1 1 j
1
f
-5
1
1972
BEA
468-387 O - 72 - 2
/ V >£?
\
6
t U 1t IJ M t 1
0
5
s s
^W
\ *****£******,vJ/ v* NewA\Orders
I 1 1M i 1M t 1
Trade Sources & BEA
—
J&r
• _
11 i i 1 | | Ml 1
l iIl 1 Il 1l il
Monthly (Apr.)
Census
Million Units
A
A
/\
PRIVATE HOUSING**
A
2.5
A/ V
r
I
\t
\l
-
*A/t
k
/™
*''< "
|
\J
"^- Permits
Starts^
2.0
*J
M
1 1 1 1 1 11 1 1 11 i j M i ii 1 1 1 1
1970
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
^v*
A**"**
-
V \\
0
BEA
R
Shipments
- 2
-
A /"\A
/^^
1
3.0
/
S^^A
- •
Imports
(right scale)
NET CHANGE IN INSTALLMENT §
CREDIT OUTSTANDING*
A
.5
'
I
i \
-
Monthly (May)
1.0
I
I
l\
1.5
2,800
9 snn
/
f*S
8
-
Billion $
REAL PER CAPITA DISPOSABLE
PERSONAL INCOME**
_ (In 1958 Dollars)
I
Billion $
' "^V
\
Quarterly (l)
2,600
^*S-^
8 W>y^*>i ^
/
650
A
l\
\ r^^/ V,
f
I
CAPITAL GOODS MANUFACTURERS*
Domestic
(left scale)
^<^
700
Million Units
-.--.
;
750
i
Quarterly (IV)
NEW CAR SALES**
—
i
9
DISPOSABLE PERSONAL INCOME**
800
i
60
Census
1971
Monthly (Apr.)
*»..,»*"
v
1.5
"
-
AT
(\f~**
i 1 1 1 1 1i i n i
1972
1.0 < n u 1 i M i \ i n t i l l t i n
1970
FRB
1971
Monthly (May)
_i i i i i i i i i M
1972
Census
0
SUEVEY OF CUEEENT
•
•
BUSINESS
June 1972
In April: Manufacturing and trade firms added $550 million to their stocks
The stock-sales ratio for manufacturing and trade held steady
*
Exports declined more than imports and the trade deficit widened substantially
INVENTORIES
FOREIGN TRANSACTIONS
GOVERNMENT
Billion $
Billion $
Billion $
30
10
200
CrtAPiGE IN BUSINESS INVENTORIES**
NET EXPORTS**
(GNP Basis)
20 ""• .„-- ,-. , -„,
;",,,,
',,,.-"-'
,
»•
T*
GOVERNMENT PURCHASES OF
GOODS AND SERVICES**
- '•
Goods and Services
5
,,-r
>»
\
0
lli'M-1'^ii.l'. /'•••fn// '• -•' :.
'
••;• : • • * • - ,
- :- • • ' - • ;
'
«•
- -'
-
-5
Quarterly 0)
t i i
180
; (Book Value, End of Month)
-'":'• ' ,// • • " " / ' : • • • / • ' • : :' • • •
-
. - - • > . * ,
',.,-,
' , - , , - ,
MANUFACTURING AND TRADE INVENTORIES*
(Book Value, Eno* of Month)
'...-
V
>
, ,
,;
i
" ' ^^*r^" '
:
i
;
^O^
Imports
2
M 11 t 1 M 1 11
,
...
',
Defense
i. t i /
40
I
-
,,
i
t
240
- • • ' ; ' , ,. ,r ' , '
\ :•
'
' ,,;-~
r
t i
BEA
-
200
'" '
_^-~^—^___^/
• ' • —
160
— ,
V
^*,.*Arv ]kl
11
If
1 11 l 1 f 1 1 M 1
••'/"'.
\ '/ ' -
Expenditures .^'*-^*^ *
• V ^x**** • • ' •, / ' - ••• '
;; / / •" -
Receipts
. • ,
,:
1 Mil f 1 t t 1t
• ••
i
I9fi
.' "~
'•
i
i
i
Census
i i
1 •: 1
1
Quarterly (t)
Billion $
Billion $
10
50
BEA
FEDERAL BUDGET POSITION **
(NiABasis)
-
25
/
Manufacturing
/ -.
r
. .—
,'
Monthly (Apr.)
5
;
Quarterly (l)
BALANCE OF PAYMENTS*
,
».*'''
FEDERAL BUDGET**
/**\ «/ i |/
3
- ;-
'"^^^
•' "' • • ' ' " '
BEA
.
Census & BEA
Billion $
'
i
^- .
Exports
,-
- . , -y , , - ,""'*---—* -
280
4
i Mt 1 1 i n i i
Monthly (Apr.)
-
"• '
80 *~*«^"-"'
'-
,, ,
Billion $
X^^U^;"^- - • : • ' . / ' ""
120
i
,
6
5
• '
\
Billion $
• , - -
170
140
.>,,*"•
(NIA Basis)
//o^^f-^"*^; / •' -.;•'.'
ill i if i nil t l r i i t i i i f t
-,
~~*^~~^ : Federal Total
MERCHANDISE TRADE*
^i-^^/Viw^^r-r^
160
120
Quarterly (l)
MANUFACTURING AND TRADE INVENTORIES*
190
j
BEA
Billion $
200
'" '
Merchandise v S
*•;
-10
-10
•
State and Local ^.^
•^ZZ^xx ^\
X,-. "*\\_
10
••
160
" " . . - ' ; •
-
.
.
.
-
'
•
.
,
'
"
—
Current Account
i nn
- % - - ''": . ' . ' > • ''•'• • ' V ' •-. V
'• • "
80 -• '/' Trade •- ''• • ; - ,v ;. .....--•* •*—"' < • .
• ~
-5
1 11 1 1i 1 1 111
-10
^~*.»~"**—"*"*^
60
f i l l f 1 I f III
:
1 1 1 1 1 1 1 Ml
1
Monthly (Apr.)
i
l
l
i
, .
1/1
i
i
Quarterly (1)
Census* BEA
Ratio
2.6
Current Account and
Long-Term Capital
. -
t
-50
e
».-"sA^
NV ^'^^--"V*^
*^
** *"*
.^•V——^S^ __
\^
-5
-10
Transactions
Balance
*****.\ y^**
\V\\////
\/
-
1.0
l 1 I 1 1 1 1 1 II 1
1970
1971
Monthly (Apr.)
* Seasonally Adjusted
1 l M 11 1 1 1 1 1
1972
Census & BEA
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
I
f
1
1
1
BEA
•
•• •
-
•
j|
Shipments I
" -I
/I
2
-->J^SA'/H^
xfr*- ^K/^*s-
1
-
S
' '
New Orders
—
'
y
Trade
1 11 1 1( 1 1 1 1 1
\
DEFENSE PRODUCTS MANUFACTURERS*
. Het Liquidity
»••**'""**"**»»
^^ Balance
. Official Reserve***
^ Y^
/^
'**'**•*
•£„„...„..„....—. ...........^s.^-S" „.".„.
\
4
3
an
\
Quarterly (1)
BALANCE OF PAYMENTS*
Manufacturing^ Total Manufacturing,
1.4
1
Billion $
5
o n
1 8
1
""I '
I
I
I
BEA
Billion $
INVENTORY/SALES RATIOS*-
-25
-15
i
:
1970
i
i
i
i i
1971
Quarterly (1)
f
1
IL .
1972
n
1 f M
11 1 M 1 1
1970
BEA
1 1 1 1 1 1 1 1 1 1 1
1971
Monthly (Apr.)
1 1 1 1 11i 1 1 1 1
1972
Census
June 1972
m
SURVEY OF CURRENT BUSINESS
In May:Industrial production rose one-half of 1 percent
Bank credit advanced sharply; money supply up moderately
Interest rates down a little
9
9
INDUSTRIAL PRODUCTION
MONEY, CREDIT, AND SECURITIES MARKETS
1967 = 100
Billion $
130
550
120
\
Nondurable
Manufactures
^v/\,,*» * v
i.^*«*-•*• «,*»
100
~
'
260
240
^*
~ '
450
***
•
*
•
-
—
Durable
Manufactures
400
Money Supply
J^\
f- (right scale) ^X^lBank Credit
(left scale)
Ju-*5^
350
75
200
1 1 1 1 1 1 1
180
i i
25
2
I
\ i
\1 !*
\rV
WV
32
+J
\ i i r i I i i i ii
1 I! 1 ti 1 i 1 I i
Monthly (May)
-2
i i i t (i i ii i i
FRB
\
r
30
75
00
«A
..A
i 1 1 t It 1 1 1 1 1
I IS M 1 J i i 1 1
26
25
1
6
"~^*"**«N^ Manufacturing
^^"N^^. Corporate Aaa (Moody's)
X*~^-~^-~^'
70
-
- /"i
3-Month XA
Treasury Bill.s \
i
60
i
i
1
1
I
1
Quarterly (I)
I
1
2
1 1 I 1 1 1 1 1 J 1 L
FRB
16
V-^
^^i— II. I-*
90-Day
Commercial Paper
-
/*'
1 I 1 1 11I 1 t 1I
0
1 1i 1 11 1 1 11 1
*
Percent
24
Shipments
oo
J
-
Standard and
\ Poor's 500
/^
32
16
..
**r^
r
100
'^f\l ?^i\^
8
* Seasonally Adjusted
1971
1972
Monthly (Apr.)
Census
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
1
t
1
» »"*
1
I
I
I
BEA
E
= »a BflB,gg =
-.s E E E •= lE
1
BLS
-
-
LI
I
1
60
1970
1
!
1 • • • mm
prj
V
34
-
UNIT LABOR COSTS; PRIVATE ECONOMY**
(Change From Previous Quarter)
STOCK PRICES
-
;
Quarterly (1)
140
120
BEA
-8
1941-43=10
«i
1
8
40
-
1
Compensation
^L 0°W
Billion $
36
1
!
>.•"**"""-"""*
Monthly (May)
DURABLE GOODS MANUFACTURERS*
•
COMPENSATION AND REAL OUTPUT PER MAN-HOUR,
PRIVATE ECONOMY**
_ (Change From F reyious Quarter)
-
/*/ ^ \
7 s;
V ^
4
•
1
Quarterly (l)
24
80
•
'
FRB
INTEREST RATES AND BOND YIELD
V v *N
-
^Profits After Tax
Percent
8
•
1
~——H
10
-
•
"
Cash Flow After
^x*
Dividends ^**~**^
/
^^' . ' . , : .
Percent
'
•
1
~
-
;.
Percent
-
i
100
100
90
'
Billion $
*** »»**
Monthly (May)
RATIO, OUTPUT TO CAPACITY*
•
125
^J
sXllet Free Resc rves
(left scale)
/^1
•
*.„...
y^/ ..„xy^,—v
\ /
i*
1 1 t 1 1 1 1 1 l«4**t
'
CORPORATE CASH FLOW AND PROFITS**
Total Reserves*
(right scale)
~
^**
Quarterly (1)
**"^k*«-'"—•»"*» w ***
/*'°
!
•;
Nonfmancial Corporations
50
FRB
Billion $
4
Steel
!
• '
Total
BANK RESERVES
100
50
220
34
INDUSTRIAL PRODUCTION*
75
1 1 M
Monthly (May)
6
I
-' > ; • - . ! • - '
„ ,.,«*•— »'**"* '
.-
FRB
Billion $
\
,
-<*
i M-'i i 1 i n i iM 1 t 1 1 1 1 1 } 1
150
/***
~"
^^>r
1967=100
^~/fV\
.
...
.
t i i i -i 1 1 1.1 i i •
1 1 i M 1 1 U M
«
100
-
Monthly (May)
125
125
\*s\^*"
***** '
\ f ^Sj\ v^ /
1 1 1 t 1 1 1 1 1 11
Billion $
CORPORATE PROFITS AND IVA, BEFORE TAXES**
500
' _„...'
\
\J
90
'
Total
^^x^si^*^
v
PROFITS AND COSTS
Billion $
BANK CREDIT AND MONEY SUPPLY*
INDUSTRIAL PRODUCTION*
110
11
iii11ii 1111
1970
-a
1 1 1 1 1 ! 1 1 1 1 1
1971
Monthly (May)
1972
1970
1971
Quarterly (1)
1972
BLS
SUEVEY OF CUREENT BUSINESS
12
June 1972
NATIONAL INCOME AND PRODUCT TABLES
1970
1970
IV
1971
1972
1971
II
IV
III
1970
1970
1971
1971
IV
Seasonally adjusted at annual rates
II
1972
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
Nonfann
Farm
..
-
Change in business inventories
Nonfarm
Farm. .
- - -
Exports _ _ . . . _ .
Imports
- -
.
-
-
--
Government purchases of goods and services
Federal
National defense
Other
State and local
974.1 1,046 8
988. 4 1, 020. 8 1, 040. 0 1,053 4 1 072 9
1103. 6
720 0
739 4
715 9
729 7
735 8
740 7
751 3
761 6
615 8
662 1
624 7
644.9
657.4
668 8
677 2
691.8
475 9
491 8
474 2
484 8
489 4
494 3
498 9
505 i
88.6
264.7
. 262.5
100.5
278.6
282.9
84.9
270.9
268.9
96.6
273.2
275.0
99.1
277.8
280.5
102.8
280.2
285.8
103 6
283 3
290.3
107.6
288.0
296.2
81.4
207.3
187.2
89.5
211.4
190.9
76 6
209 7
187.9
85 9
210 0
188 9
87 8
211 5
190 1
91 2
211 6
191 4
93 0
212 7
193 2
95 5
214 3
195 3
135.3
151.6
137.3
143.3
152.9
150.8
159 4
168.3
102.2
108.5
101 2
104 3
110 0
106 7
112 9
116 5
132.5
149.3
133.6
140.2
148.3
152.0
157 0
167.7
99.9
106.3
98 1
101 8
105 9
107 2
110 5
116 2
102.1
36.8
65.4
108.7
38.2
70.5
100.8
37.1
63.7
104.7
36.7
68.1
108.3
38.5
69.8
109.3
38.7
70.6
112.6
39.0
73.6
118.7
39.8
78.9
78.6
24.2
54.4
79.3
22.4
56.9
75.5
23.5
52 0
77.7
22.6
55 0
79 1
22.9
56 2
78 9
22.1
56 8
81.5
22.1
59 3
84 8
21.9
62 9
30.4
29.7
.6
40.6
40.1
.5
32.8
32.2
.6
35.4
35.0
.4
40.0
39.5
.5
42.7
42.1
.6
44.4
43.8
.6
49.0
48.4
.6
21.3
20.9
.4
27.0
26.7
.4
22.6
22 2
.4
24.1
23 8
.3
26.7
26 4
.3
28.3
27 9
4
29.0
28 6
4
31 4
31 0
4
2.8
2.5
.3
2.2
1.7
.5
3.7
3.3
.4
3.1
2.9
.2
4.6
4.1
.5
-1.2
-2.0
.8
2.4
2.0
.5
.6
.1
.4
2.3
2.0
.3
2.1
1.7
.5
31
2.8
.4
2.5
2.3
.2
41
3.6
.5
— 5
—1.2
.7
24
1.9
.5
3
— 1
4
3.6
.0
.0
2.7
4.7
.1
62.9
59.3
65.3
65.3
63.2
60.5
66.2
61.5
66.5
66.4
68.2
68.2
219.4
233.0
223.7
227.9
229.6
97.2
75.4
21.9
97.6
71.4
26.2
95.9
73.2
22.7
96.4
72.6
23.7
96.0
71.4
24.6
122.2
135.5
127.9
131.6
133.6
2.4
—.1
2.1
3.0
-.5
.1
—3 0
—4 1
60.4
65.0
69.2
75.4
52.2
49.8
52.1
52.2
51.9
49.8
52.9
49.8
53.1
53.7
54.5
54 4
47.7
50.8
54.0
58 0
233.8
240.8
249.6
139.4
139.2
138.3
137.6
137 0
139 6
142 6
144 1
97.6
70.2
27.4
100.3
71.4
28.9
104.9
75.8
29.0
65.4
62.2
63.2
61.3
60.7
62.7
64.0
64 2
136.2
140.5
144.8
74.0
77.0
75.2
76.3
76.3
76.8
78.6
79 9
-4.6
-6.2
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product . Final sales
C hange in business inventories
_
_.
.
Goods output
-
Final sales... _.
. _ _ . . . _
Change in business inventories
Durable goods
_
Final sales
Change in business inventories
Services
. --_
_
-_ __
Nondurable goods
Final sales
_ _
Change in business inventories _
Structures
--
__
974.1 1,046.8
988.4 1,020.8 1,040.0 1,053.4 1,072.9
1103.6
720.0
739.4
715.9
729.7
735.8
740.7
751.3
761.
971.3 1, 044. 5
2.2
2.8
984.7 1, 017. 7 1, 035. 4 1, 054. 6 1, 070. 4
3.1
3.7
4.6
-1.2
2.4
1103. 0
.6
717.7
2.3
737.3
2.1
712.8
3.1
727.2
2.5
731.7
4.1
741.2
—.5
748.9
2.4
761.
468.3
494. 3
467.7
485.5
490.8
496.2
504.5
517.3
383.0
393.6
376.7
388.1
390.2
394.4
401.6
407.
465.5
2.8
492.0
2.2
464.0
3.7
482.4
3.1
486.2
4.6
497.4
-1.2
502.0
2.4
516.8
.6
380.7
2.3
391.5
2.1
373.6
3.1
385.6
2.5
386.1
4.1
394.9
— .5
399.3
2.4
406.
180.2
180.8
-.6
194.1
193.7
.4
169.7
173.1
—3.4
192.8
189.4
3.5
193.0
190.6
2.3
193.9
196.4
—2.5
196.6
198.4
-1.8
208.1
207.9
.2
156.1
156.8
-.6
163.9
163.4
.5
144.4
147.5
—3.1
162.4
159.6
28
162.3
160.2
2 2
163.7
165.3
—1 6
167.1
168.4
—1 4
174.
174.
288.1
284.7
3.4
300.2
298.3
1.9
297.9
290.9
7.1
292.7
293.1
-.4
297.8
295.5
2.3
302.3
301.0
1.3
307. 9 .
303.6
4.3
309.2
308.8
.3
226. 9
223.9
3.0
229.7
228.1
1.6
232.3
226.1
6.2
225.7
226.0
-.3
227.8
225.9
2.0
230.7 234.6
229.6 230.8
3.7
1.1
232.
232.
410.3
443.3
420.6
432.3
441.0
446.3
453.6
465.0
273.4
278.6
274.5
276.2
278.4
278.9
280.8
283.
95.5
109.2
100.1
102.9
108.2
110.8
114.7
121.3
63.6
S7.2
64.7
65.4
67.2
67.3
68.8
71. '
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Private
Nonfarm_ . _
Farm
_ ..
Households and institutions
974.1 1,046.8
988.4 1, 020. 8 1,040.0 1,053.4 1,072.9
1103. 6
720.0
739.4
715.9
729 7
735 8
740 7
751 3
761 6
859.8
922.7
871.6
899.2
916.9
928.9
945.9
971.6
659.4
678.3
655.4
668.9
674.9
679.4
689.8
699.8
823.4
795.2
28.2
880.7
850.7
30.0
833.5
806.4
27.1
859.2
831.1
28.1
874.6
845.7
28.9
886.9
856.1
30.8
902.1
870.0
32.0
927.4
895.3
32.1
638.5
614.6
23.9
655.3
629.7
25.6
634.1
609.2
24.9
646.6
621.7
24.9
651.4
626.4
25.0
656.9
630.1
26.8
666.3
640.7
25.6
676.6
653.0
23.6
31.7
35.5
33.0
34.2
35.0
35.9
36.8
38.0
17.0
17.8
17.1
17.6
17.7
17.8
18 1
18 5
4.6
6.5
5.1
5.8
7.3
6.0
7.0
6.2
4.0
5.2
4.2
4.7
5.8
4.7
5.4
4.7
114.4
124.0
116.8
121.5
123.1
124.5
127.0
132.0
60.6
61.1
60.5
60.8
60.9
61.3
61.5
61.8
HISTORICAL STATISTICS
National income and product data for 1929-63 are in The National Income and Product Accounts of the United States, 1929-1965,
Statistical Tables (available at $1 from Commerce Department Field Offices or the Superintendent of Documents; see addresses inside
front cover). Each July SURVEY contains preliminary data for the latest 2 years and final data for the preceding 2. The July 1971 issue has
data for 1967-70. Prior July issues have final data as follows: 1964-65, July 1968; 1965-66, July 1969; 1966-67, July 1970. BE A will provide
on request a reprint of final data for the years 1964-67.
SURVEY OF CURRENT BUSINESS
June 1972
1970
1970
1971
1972
1971
I
IV
II
13
III
IV
1970
I
1970
1971
Seasonally adjusted at annual rates
1971
I
IV
II
III
1972
IV
I
Seasonally adjusted at annual rates
Billions of dollars
Billions of dollars
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
Table 6.—National Income by Type of Income (1.10)
National income
Gross national product
.974.1 1,046.8 988.4 1,020.8 1,040.0 1,053.4 1,072.9 1,103.6
Less: Capital consumption
allowances
87.6
95.2 89.8
92.0
93.9
Equals: Net national product. 386.5
951.6 898.6
928.8
946.1
957.2 974.2 1,002.4
102.1 95.8
99.0
100.2
103.0
106.2
107.9
4.3 4.1
-4.9 -1.6
-4.3
-4.9
-4.7
-5.8
-7.4
1.7
1.8
.7
.7
Less: Indirect business tax
and nontax liability. . 92.9
Business transfer pay3.9
Statistical discrepancy. -4.5
Plus: Subsidies less current
surplus government
enterprises
Equals : National income
1.7
795.9
Less: Corporate profits and
inventory valuation
70.8
adjustment
Contributions for social
insurance
- 57.6
Wage accruals less dis.0
bursements
Plus: Government transfer
payments to persons- 75.6
Interest paid by government (net) and by
31.7
consumers
25.0
Dividends
Business transfer pay3.9
ments
Equals: Personal income
803.6
1.0
96.2
98.7
.7
855.2 870.1
101.2
1.5
851.1 802.1
831.7
847.3
81.0 69.0
79.5
82.5
80.0
82.0
65.2
58.5
64.0
64.6
65.4
66.6
.0
.0
.0
.0
.0
.0
90.4 80.7
83.7
92.2
92.5
93.3
95.0
31.9 32.4
25.5 25.0
31.8
25.6
31.4
25.4
32.2
25.7
32.2
25.3
31.9
25.8
4.1
4.2
4.2
4.3
4.4
4.5
857.0 816.7
833.5
853.4
864.6 876.7
900.1
899.0
4.3
71.5
-1.7
Billions of current dollars
Personal consumption expenditures
Producers' durable equipment
- Change in dealers' auto
inventories
Net exports
Exports
Imports
.
30.6
40.6
22.0
42.1
39.8
42.1
38.4
39.3
28.0
35.3
23.5
33.9
34.4
36.8
36.1
36.1
4.9
, 6.2
4.1
6.0
6.1
6.5
-.9
1.3 -3.6
4.1
1.3
1.4
-1.8
2.0
3.7
-2.6 -2.3
1.4
2.6
3.7
5.2
-2.2
2.6
4.8
-2.3
2.7
5.0
-3.0
2.9
5.8
-2.9
2.2
5.1
-3.0
2.7
5.7
17.1
6.5
36.7
7.9
34.1
8.2
37.6
7.8
33.4
7.4
34.0
8.4
6.4
-1.6
6.4
-.6
Addenda:
New cars domestic 2
New cars foreign
26.0
6.3
Proprietors' income _.
Business and professional
Farm
Rental income of persons. _
86.3
Table 5.—Gross Auto Product in Current and Constant Dollars
(1.15, 1.16)
Gross auto product 1
795.9 851.1 802.1 831.7 847 3 855 2 870 1 899 0
601.9 641.9 809.3 627.3 638.0 645.6 656 6 679 9
541.4 574.2 547.2 561.4 571 0 577 3 587 0 607 3
Wages and salaries
426.6 450.4 429.9 440.3 448.4 452.3 460 3 475 6
Private
19.4 18.6 18.6 19.2 18.6 18.0 18 6
Military
19 9
95.5 105.2 98.6 101.8 104.0 106.9 108 1 111 8
Government civilian
Supplements to waces and salaries. _ 60.5 67.7 62.1 65.9 67.0 68.3 69.6
72.6
Employer contributions for social
29.6 34.0 30.1 33.3 33.6 34.2 35 0
insurance
37 4
Other labor income
30.8 33.7 32.0 32.6 33 4 34 1 34 6
35 2
Compensation of employees
35.4
7.8
Profits before tax
Net exports
Exports
Imports
-
-
28.3
36.1
19.6
36.8
34.7
37.5
35.2
35.1
25.9
31.3
21.1
29.5
29.9
32.7
33.1
32.3
4.6
5.6
3.7
5.3
5.3
5.8
3.8
1.2
1.4
-2.4
-2.2
2.4
1.3
3.5
4.7
-2.0
2.4
4.4
-2.1
2.4
4.6
-2.7
2.6
5.3
-2.6
2.0
4.6
-2.7
2.4
5.0
15.8
6.0
32.9
7.1
30.5
7.3
34.4
7.0
31.4
7.0
31.0
7.3
-.9
1.2 -3.4
-1.7
1.9
3.6
5.9
-1.5
5.8
-.5
Addenda:
New cars, domestic 2
New cars foreign
24.7
6.0
32.3
7.1
1. The gross auto product total includes government purchases.
2. Differs from the gross auto product total by the markup on both used cars and foreign
65.9
66.4
67.2
69.2
70 5
71 2
52.1
16.3
51.5
14.4
51.6
14.8
51 9
15 2
52 3
17 0
52 5
18 1
52 6
18 7
23.3 24.3
23.7
23.8
24.2
24.5
24 6
24 8
81.0 69.0
79.5
82 5
80 0
82 0
85. 4 71.6
83.0
86 9
85 8
86 0
86 3
91 9
38.3 39.1 37.5
44.8 47.8 48.2
25.6 25.4 25.7
19.2 22.4 22 5
36 4
49. 7
25.3
24.4
39 4
52 5
25.8
26.6
-4.5 -4.4 -2.6 -3.5 -4.4 -5.8 -4.0
-5.6
75 4
Profits tax liability .
Profits after tax
Dividends
Undistributed profits
34.1 37.8
41.2 47.6
25:0 25.5
16.2 22.1
Inventory valuation adjustment
Net interest
33.0
32.3
39.2
25.0
14.3
35.6 34.2
34.8
35.4
35.9
36.4
36.9
Table 7.—National Income by Industry Division (1.11)
795.9 851.1 802.1 831.7 847.3 855.2 870 1
899.0
Agriculture, forestry, and fisheries
Mining and construction
Manufacturing ..
Nondurable goods
._
Durable goods
24.5 25.4 23.3 23.9 24.4 26.1 27.1
49.4 51.8 50.3 50.6 51.8 51.9 52 8
217.7 226.9 210.1 224.4 227.3 225.4 230 2
87.4 91.8 87.8 89.8 91.6 92.4 93.2
130 3 135 1 122.4 134 6 135 7 133 1 137 0
27.8
54.7
241.7
96.3
145 4
Transportation
Communication ... _
Electric, gas, and sanitary services
Wholesale and retail trade
29.5 32.3 30.0 31.9 32.1 32.3 32. 7
16. 9 17.4 17.3 17.4 17.5 16.7 17.8
14.4 15.8 14.8 15.2 15.6 16.1 16.2
122.1 131. 6 124.7 126.9 131.0 133.6 135.0
35.0
18.7
16.2
137.7
Finance, insurance, and real estate
87.0 94.4 90.9 92.4 93.8 95.6 96.0
Services
103 2 111 6 106 2 108 8 110 4 112 8 114. 5
Government and government enterprises
126.5 137. 5 129.4 134.5 136.1 138.7 140.7
7.0
Rest of the world
4.6 6.5 5.1 5.8 7.3 6.0
97.7
117.4
All industries, total. . ...
146.0
6.2
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
Financial institutions
Gross auto product 1
Personal consumption expenditures
Producers' durable equipment
-_.
Change in dealers' auto inventories
--
68.3
51.0
15.8
Corporate profits and inventory valuation adjustment
70.8
All industries, total
Billions of 1958 dollars
66.9
Nonfinancialcorporations
. -
Manufacturing
._ .
Nondurable goods
_
Durable goods
Transportation,
communication,
and public utilities
...
All other industries
86.3
70.8
81.0
69.0
79.5 82.5 80.0
82.0
12.8
14.0
14.0
14.2
13.7
14.2
14.0
14.2
58.1
67.0
54.9
65.3
68.9
65.8
68.1
72.1
29.5
16.6
13.0
34.2 25.0 34.4
17.9 16.2 17.2
16.3 8 8 17.2
35.0 33.0
18.1 18.1
17.0 14.8
34.6
18.3
16. 2
39.4
19.3
20.1
8.5 8.5
25.3 24.3
8.8
24.7
9.0
23.7
8.0 8.5
20.5 24.2
8.1 8.4
21.9 22.5
Wages and Salaries
Wages and salaries as measured in personal income are on a
cash or receipts basis, and the figures for first quarter 1972
incorporate disbursements of pay increases approved retroactively by the Pay Board. Wages and salaries are measured in
national income on an accrual basis and the first quarter 1972
figures include estimates of the amount of the retroactive pay
earned in the quarter. The 1971 figures for wages and salaries in
national income have not yet been revised to incorporate the
accrual of the earnings paid retroactively in 1972.
SURVEY OF CURRENT BUSINESS
14
1970
1970
1971
IV
1972
1971
I
II
June 1972
III
IV
1970
I
1970
1971
Seasonally adjusted at annual rates
Table 9.—Gross Corporate Product (1.14)
Corporate profits and inventory
valuation adjustment
Profits before tax
Profits tax liability
Profits after tax.
Dividends
_
Undistributed profits
Inventory valuation adjustment..
616.8
56.2
61.9
58.0
59.4
61.0
62.7
64.4
66.3
52.2
56.9
53.4
55.3
55.7
57.3
59.1
59.9
Cash flow, gross of dividends.
Cash flow, net of dividends
Gross product originating in
financial institutions
453.1 461,5 463.1 471.1
490.4
377.9 384.5 387.4 394.3
333.1 338.8 340.9 346.9
44.8 45.7 46.5 47.4
408.6
358.8
49.7
1.0
1.0
74.2
77.8
38.3
39.5
23.1
16.4
-3.5
75.9
80.3
39.1
41.2
22.2
19.0
-4.4
1.0
571.0
205.7
160 7
137 9
104 9
122 6
30 g
33 7
32 0
32 6
33 4
34 1 34 6
35 2
3 65 9 66 4
1 51 5 51 6
3 14 4 14 8
3 23 7 23 8
5 25 0 25 6
5 66 7 66 6
67 2
51 9
15 2
69 2
52 3
17 0
70 5
52 5
18 1
24 2 24 5 24 g
25 4 25 7 25*3
66 7 68 1 68*6
71 2
52 6
18 7
Other labor income
Proprietors' income
Business and professional
Farm
66 9
51 0
. . 15 8
68
52
16
23 3 24
25 0 25
64 7 67
92.3 99.0 102.1 105.6 107.8
69.6 75.8 79.9 82.4 85.6
113.5
90.2
25.4
26.9
28.8
Less: Personal contributions for
social insurance. ..
27.9
-2.6
27.6
27.7
28.3 28.1
79 6
94 7
84 8
87 9
96 4
96 9
97 7
99 5
38 5
44 8
39 4
40 7
47 0
45 6
45 9
46 6
3 9 5 8 5.1 5 0 6 1 6 3 6 0
9 7 11.5 10.4 11 0 11 4 11 5 11.9
27 4 32 6 29.8 31 1 31 9 33 4 34.0
57
12 0
35 3
31.7
34.2
28.0
31.2
28.4
30.7
31.0
31.3
135.7
Equals: Disposable personal income... 687.8 741.3 701.5 722.0 739.6 748.5 755.0
764.3
56.4
57.1
439.4 410.7 430.5 438.8 440.0 448.3
467.4
710.8
691.8
18.0
362.0 345.4 354.7 360.6 363.1 369.8
319.2 305.6 313.0 318.1 319.9 325.7
42.9 39.8 41.7 42.5 43.2 44.1
16.2 15.4 15.7 16.0 16.4 16.8
383.4
337.1
46.3
Less : Personal outlays
-- 633 7 680.7 643.0 663.3 676.0 887.6 686.0
Personal consumption expenditures- 615.8 662.1 624.7 644.9 657.4 668.8 677.2
16.9 17.7 17.4 17.6 17.7 17.8 17.9
Interest paid by consumers
Personal transfer payments to for.9
.9
.9'
.9
.9 1.0
.9
eigners
58.6
54.2
50.9
52.8
53.2 54.6
61.1
65.6
30.6
35.0
20.9
14.1
-4.4
50.0
52.6
24.8
27.8
20.9
6.9
-2.6
84.8 94.3 83.5
63.7 73.4 62.7
60.1
63.6
30.9
32.7
24.3
11.4
-3.5
17.2
60.5 61.8
66.3 65.8
30.2 29.2
36.0 36.6
21.3 20.5
14.7 16.1
-5.8 -4.0
66.8
72.5
32.2
40.3
21.5
18.8
-5.6
89.8 93.0 96.1 98.3
68.5 72.6 74.8 77.8
103.8
82.3
62.3
66.7
32.1
34.6
20.4
14.1
-4.4
Billions of 1958 dollars
Gross product originating in
425.0 437.3 416.7 431.3 435.6 436.5 446.0
nonfinancial corporations
459.0
Current dollar cost per unit of
1958 dollar gross product
originating in nonfinancial
1.215 1.264
corporations 2
.127 .136
Capital consumption allowances, _
Indirect business taxes plus transfer
.117 .124
payments less subsidies
.810 .828
Compensation of employees
.035 .037
Net interest
. ..
1.242 1.253 1.264 1.271 1.270
1.281
.134 .132 .134 .138
.139
.138
.122 .122 .122 .125
.829 .822 .828 .832
.037 .036 .037 .038
.126
.829
.038
.124
.835
.037
.138
.065
.146
.070
.073
.075
Corporate profits and inventory valu.125 .140 .120 .139 .143 .139
ation adjustment
.
.064 .070 .059 .072 .074 .069
Profits tax liability
Profits after tax plus inventory valuation adjustment... .062 .070 .060 .068 .069 .069
53.5
531.5 550.6 532.5 542.7 550.5 553.2 556.1
__ _ 3,358 3,581 3,410 3,500 3,577 3,611 3,633
...- 2, 595 2,660 2,588 2,631 2,663 2,669 2,676
7.9 8.2 8.3 8.1 8.6 8.1 7.8
Personal saving rate ,3 percent _ _
558.0
3,670
2,679
58.6
63.6
61.0
Addenda :
Disposable personal income:
Total billions of 1958 dollars
Per capita, current dollars
Per capita, 1958 dollars.
7.0
Table 11.—Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expendi615.8 662.1 624.7 644.9
tures
88.6 100.5 84.9 96.6
Durable goods
37.1 46/2 32.7 43.8
Automobiles and parts
Furniture and household equipment- 37. 4 39.6 37.6 38.8
14.2 14.7 14.6 14.0
Other
Food and beverages
Clothing and shoes
Gasoline and oil
Other
- -
Services
Housing
Household operation
Transportation
Other
- -
657.4 668.8 677.2
691.8
99.1 102.8 103.6
107.6
47.6
40.8
15.2
48.7
43.6
15.4
277.8 280.2 283.3
288.0
136.3 137.3 138.1
57.0 57.4 58.0
23.8 24.5 25.4
60.8 61.0 61.8
140.7
59.0
25.4
62.9
262. 5 282.9 268.9 275.0 280.5 285.8 290.3
296.2
91.2 99.7 94.1 96.5 98.7 100.7 102.8
36.1 39.2 36.9 37.7 38.9 39.9 40.5
17.9 19.1 18.3 18.6 19.0 19.2 19.6
117.3 124.9 119.5 122.3 124.0 125.9 127.4
104.8
41.2
20.0
130.2
264.7 278.6 270.9 273.2
131.8 136.5 134.3 134.4
. 52.6 57.0 54.2 55.4
22.9 24.4 23.5 23.8
57.5 60.8 59.0 59.6
45.3 48.2
39.4 39.6
14.5 15.1
Table 12.—Foreign Transactions in the National Income and
Product Accounts (4.1)
Receipts fro m foreigners
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 decimal
point shifted two places to the left.
3. Personal saving as a percentage of disposable personal income.
1.0
59.0
54.1 60.5 58.5
Equals : Personal saving -
Nondurable goods
Dollars
24 8
25 8
68 7
63.5
67.0
53.3
57.8
27.1
30.7
21.1
9.6
-4.5
608.9
216.2
168 9
148 1
112 4
132 3
587.0
209. 0
163 2
142 4
108 9
126 7
588.0
55.7
49.9
Rental income of persons
Dividends
Personal interest income
577.3
205.6
160 5
139 6
107 1
125 0
Less: Personal tax and nontax pay115 9 115.8 115.2 111.6 113 8 116 0 121.7
ments
-
54.1 59.3
Income originating in nonfinancial
412.2
corporations. _
344.2
Compensation of employees
Wages and salaries..
_
. . 305.2
39.0
Supplements
.. ..
14.8
Net interest
Cash flow, gross of dividends
Cash flow, net of dividends
561.4
202. 5
158 9
135 3
102 6
121 0
92.6 103.6
69.8 80.9
60.1 61.8
Corporate profits and inventory
valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profi ts_
Inventory valuation adjustment-
547.2
198.4
155 1
131 8
99 7
117 3
Transfer payments - . .
Old-age, survivors, disability, and
health insurance benefits
State unemployment insurance
benefits
Veterans benefits
Other
n.6
900 1
574.2
205.7
160 8
138 8
105 9
123 8
81.0
86.7
39.4
47.3
23.4
23.9
-5.6
64.0
66.6
32i3
34.3
22.7
I
S03 6 857 0 816 7 833 5 353 4 364 6 876 7
74.7 75.7
80.5 79.7
37.5 36.4
42.9 43.4
23.2 22.3
19.8 21.1
-5.8 -4.0
75.2
79.6
37.8
41.8
22.7
19.1
-4.4
IV
Wage and salary disbursements..... 541.4
Commodity-producing industries.. 200.7
Manufacturing _ . .
158 3
Distributive industries . ... . . 129 1
Service industries
.. 96 7
Government
114 8
1.1
Gross product originating in
516.2 553. 0 517.4 540.3 550.5 554.7 566.5
nonfinancial corporations
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies _
Personal income
1.0
66.0
70.6
34.1
36.4
22.8
13.6
-4.5
III
Table 10.—Personal Income and its Disposition (2.1)
541.6 580.9 544.3 567.9 578.2 583.0 594.6
Income originating in corporate business, _
433. 1 462.2 432.9
Compensation of employees
366.0 386.0 367.9
Wages and salaries __
324.2 339.9 325. 2
Supplements.
41.8 46.1 42.7
Net interest
1.1 1.0 1.0
II
Billions of dollars
1
Gross corporate product
I
1972
Seasonally adjusted at annual rates
Billions of dollars
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
IV
1971
Capital grants received by the United
States
Payments t o foreigners
Imports of goods and services
Net foreign investment
69.9
60.4
69.2
62.9
Exports of goods and services
Transfers to foreigners
Personal
Government
- .. -
63.8 66.1 64.0 66.9 87.3 68.9 61.1
---
65.3 63.2
66.2
66.5
68.2
.9
.7
.9
.7
.7
.7
.7
.7
63.8
66.1
64.0
66.9
67.3
68.9
61.1
69.9
59.3
65.3
60.5
61.5
66.4
68.2
65.0
75.4
3.1
.9
2.2
3.4
.9
2.5
3.3
.9
2.4
3.1
.9
2.2
3.4
.9
2.5
3.7
1.0
2.7
3.5
.9
2.6
3.8
1.0
2.8
1.3 -2.6
.2
2.3 -2.5 -3.0
-7.4
1
-9.2
SURVEY OF CURRENT BUSINESS
June 1972
1970
1970
1971
IV
1972
1971
I
II
15
IV
III
1970
1970
I
1971
Seasonally adjusted at annual rates
191.5 198 8 189.3 196 5 197 7 197 8 203 0
Federal Government expenditures
92.2
30 6
222 2
89.0
33 6
91.0
29 0
86.6 87.6
34 1 34 8
88.8 93.0
33 2 32 1
105.4
34 7
19.3 20.3
49.3 56.0
19 4
49.8
20 7 19 9
55.1 55.5
19 7 20 7
56.1 57.2
20 3
61.8
205.1 221.9 209.8 212.7 221.4 224.6 228.7
235.5
Purchases of goods and services
National defense. ..
Other
97.2
75.4
21.9
97.6
71.4
26.2
95.9
73.2
22.7
96.4
72 6
23.7
96.0
71.4
24.6
97.6 100.3
70 2 71.4
27.4 28.9
104.9
75 8
29 0
Transfer payments
To persons
To foreigners (net)
63.4
61.2
2.2
75.9
73.4
2.5
67 5
65.0
2.4
69 6
67 4
22
77 8
75.3
2.5
78 0 78 1
75 3 75 6
2 7 26
79 4
76 6
28
Grants-in-aid to State and local governments
24.4 29.6
25.9
27.0
29.5
30.2
31.6
32.2
Net interest paid _
14.6
14.8
14.0
13.3
13.9
13 8
13 1
. .
13.7
Subsidies less current surplus of government enterprises
5.5
5.1
5.7
58
48
48
49
58
Less : Wage accruals less disbursements
.0
.0
.0
.0
.0
.0
.0
.0
Surplus or deficit (— ), national
income and product accounts. ... -13.6
II
III
IV
I
Index numbers, 1958=100
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
accurals.
Contributions for social insurance...
I
1972
Seasonally adjusted
Billions of dollars
Federal Government receipts.
rv
1971
-23.1 -20.5 -16.2 -23.7 -26.7
-25.7 -13.2
Table 16.—Implicit Price Deflators for Gross National Product (8.1)
Gross national product.
135. 29 141.57 138.07 139. 88 141.34 142. 21 142.80 144. 90
Personal consumption expenditures... 129.4 134.6 131.7 133.0 134.3 135.3 135.8 137.0
Durable goods
Nondurable goods
Services
108.9 112.4 110.8 112.5 112.9 112. 7 111.4 112.7
127.7 131.8 129.2 130.1 131.4 132.4 133.2 134.4
140.2 148.2 143.1 145.6 147.5 149.3 150.3 151.6
.
Gross private domestic investment
Fixed investment
. . . 132.6 140.4 136.2 137.7 140.0 141,7 142.1 144.4
Nonresidential
130.0 137. 1 133.6 134.9 136.8 138.4 138.2 140.0
152.0 170.3 157.9 162.1 168.1 174.9 176.2 181.8
Structures
Producers' durable equipment.. 120.1 124.0 122.6 123.7 124.1 124.3 124.0 125.5
Residential structures.
Nonfarm
Farm _
142.4 150.3 144.7 146.9 149.5 150.9 153.1 156.1
_
_ 142.5 150.3 144.8 146.9 149.5 151.0 153.2 156.2
138.6 145.6 140.0 142.7 144.8 146.0 148.0 151.0
Change in business inventories
Net exports of goods and services
Exports
Imports
-
120.6 125. 5 121.7 125.2 125.2 125.2 126.5 128.3
119.2 125.2 121.5 123.4 123.8 125.5 128.0 129.9
-- -
Government purchases of goods and
157.3 167.4 161.7 165.6 167.6 167.5 168.8 173.3
services
148.6 156.9 151.8 157.2 158.1 155.6 156.7 163.3
165. 1 175. 9 170.2 172.4 175.2 177.3 178.7 181.3
Federal _
State and local
Table 14.—-State and Local Government Receipts and Expenditures
(3.3, 3.4)
Table 17.—Implicit Price Deflators for Gross National Product by
Major Type of Froduct (H.2)
State and local government receipts
Personal tax and nontax receipts
Indirect business tax and nontax
accruals
Contributions for social insurance
State and local government expendiPurchases of goods and services
Transfer payments to persons
Net interest paid
Less: Current surplus of government
enterprises
Less: Wage accruals less disbursements
Surplus or deficit (-), national
income and product accounts
133.4 151.7 138.5 143.4 149.6 154.4 159.5
23.6
3.5
26.8
4.3
24.2
3.3
25.0
4.2
26.3
4.3
27.2
4.3
28.7
4.3
3Q g
4*7
73.6
8.3
24.4
81.8
9.2
29.6
76.4
8.7
25.9
78.3
8.9
27.0
80.4
9.1
29.5
83.3
9.3
30.2
85.5
9.5
31.6
87 6
97
32'
2
Personal saving
Undistributed corporate profits
Corporate inventory valuation adjustment
Corporate capital consumption
allowances
'...
Noncorporate capital consumption
allowances
. . _ __.
Wage accruals less disbursements
Capital grants received by the United
States
Services.
150.1 159.1 153.2 156.5 158.4 160.0 161.5 164.2
Structures
_
AJJ
Addendum:
150.2 162.5 154.9 157.3 161.1 164.6 168.7 170.0
.1
.5
.2
.3
.4
.5
.6
3.8
4.1
4.0
4.1
4.1
4.1
4.2
42
'
.0
.0
.0
.0
.0
.0
.0
-.6
2.8 -1.3
-.8
2.8
4.6
4.8
44
.5
174 6
59.0
24.4
53 5
26. 6
-4.5 -4.4 -2.6 -3.5 -4.4 -5.8 -4.0
-5.6
58.5
14.3
58.6
19.2
63.6
22.4
61.0
22.5
56.2
61.9
58.0
59.4
61.0
62.7
64.4
66.3
31.4
.0
33.3
.0
31.8
.0
32.6
.0
32.9
.0
33. 6
.0
34.2
.0
3
f- 9
~1'1
.7
7
159. 1
Gross private domestic investment .. 135.3 151.6 137.3 143.3 152.9 150.8 L59.4
1.3 -2.6
.2 2.3 -2.5 -3.0 -7.4
Net foreign investment
168 3
—9 2
-4.5 -4.9 -1.6 -4.3 -4.9 -4.7 -5.8
—74
Statistical discrepancy
.7
.9
.7
.7
.7
Table 18. —Implicit Price Deflators for Gross National Product by
Sector (8.4)
135.29 141.57 138.07 139.88 141.34 142.21 142.80 144. 90
130.38 136.05 132.98 134.44 135.87 136.71 137. 13 138. 83
Business
Nonfarm _ . . _ . Farm
_
_
129.0 134.4 131.4 132.9 134.3 135.0 135.4 137.1
129.4 135.1 132.4 133.7 mo 135. 9 135.8 137.1
118.0 117.2 108.4 112.8 115.6 115.1 125.1 135.9
186.8 199.5
_. 188.7 202.8 193.2 199.7 202.0 203.2 206.4 213.7
Households and institutions
General government
Table 19. — Gross National Product: Change from
Period (7.7)
-8.9
-13.6 -23.1 -20.5 -16.2 -23.7 -26.7 -25.7 -13.2
4. 4
.5 2.8 -1.3 -.8 2.8
4.6 4.8
.9
107.9 112.6 112.4 114.3 114.9 112.3 108.9 111.8
_
Gross national product
153.4 173.4 160.0 166.2 175.4 174.0 178.0
54.1 60.5
16.2 22.1
Gross auto product
Private
136.6 148.9 137.5 145.6 150.3 147.8 152.1
Gross investment
115.4 118.4 117. 5 118.7 118.9 118.4 117.7 119.2
127.0 130.7 128. 3 129.7 130.7 131.0 131.3 133.0
Durable goods
Nondurable goods
122.2 135.5 127.9 131.6 133.6 136.2 140.5 "t A A Q
14.4 17.1 15.6 16.4 16.9 17.2 17.7 18.3
7
Government surplus or deficit (— ),
national income and product
-13.1 -20.3 -21.7 -17.1 -20.9 -22.2 -20.9
accounts
Federal
State and local __
-. 122.3 125.6 124.1 125.1 125.8 125.8 125.6 127.1
Goods output
132.9 148.9 139.8 144.2 146.8 149.8 154.7 160 2
Table 15.— Sources and Uses of Gross Saving (5.1)
Gross rivate savin
135.29 141.57 138.07 139.88 141.34 142.21 142.80 144. 90
135.3 141.7 138.2 139.9 141.5 142.3 142.9 144.9
Gross national product.
Final sales
Percent
Gross national product :
Current dollars
Constant dollars
Implicit price deflator
Chain price index
__
Gross private product:
Current dollars
Constant dollars
Implicit price deflator
Chain price index
_
Preceding
Percent at annual rate
4.8
-.6
5.5
5.3
7.5 2.0 13.7
2.7 -4.1 8.0
4.6 6.3 5.4
5.0 5.5 6.4
7.8
3.4
4.2
4.8
5.2
2.7
2.5
3.3
7.6 12.0
5.8 5.6
1.7 6.0
2.2 5.6
4.2
-.7
4.9
4.7
7.3 1,5 13.3
8.5
2.9 -4.4
4.3 6.2 4.5
4.8 5.4 5.5
8.1
3.6
4.3
4.8
5.3
2.7
2.5
3.4
7.5 11.3
6.2 5.9
1.2 5.1
1.7 4.4
16
June 1972
SUEVEY OF CURRENT BUSINESS
1072 Plant and Equipment Expenditure Programs
The latest business capital spending
expectations for 1972 indicate a 10.3
percent increase from 1971, little different from the 10.5 percent projected in
February. Spending rose 4.3 percent in
the first quarter and a 4.5 percent rise is
expected for the second quarter. Outlays in the second half of 1972 are
expected to rise 1.8 percent from the
first half.
B
lays are expected to decrease 1 percent
in the third quarter, followed by an
increase of about the same magnitude
in the fourth quarter (tables 2 and 5).
The behavior of many of the factors
that influence investment decisions continues to be favorable to spending
growth. Corporate profits and cash flow
expanded strongly in the first quarter
along with the expansion of economic
activity, while interest rates were generally below those which prevailed
through most of 1970 and 1971. Also,
the effective cost of new equipment has
been lowered as a result of the reinstatement of the investment tax credit. On
the negative side, however, is the continuation of an evidently rather low rate
of capacity utilization in manufacturing.
USINESSMEN expect to spend
$89.6 billion 1 on new plant and equipment during 1972, according to the
survey conducted in late April and May
by the Bureau of Economic Analysis.
This would be a 10.3 percent increase
over 1971 spending, compared with
increases of 1.9 percent last year and Revision of 1972 plans
5.5 percent in 1970 (table 1).
The projection of 1972 expendiCapital' outlays in the first quarter tures from the latest survey is down
of 1972 were at a seasonally adjusted very slightly—about $200 million or 0.2
annual rate of $86.8 billion, up 4.3 percent—from the $89.8 billion propercent from the final quarter of 1971; jected in February. Actual spending in
this was the strongest quarterly gain the first quarter fell short of expectasince the third quarter of 1969. An tions by 0.9 percent. Planned spending
even stronger expansion is projected by for the second quarter was boosted
businessmen for the second quarter, about 1.8 percent but this was offset
with outlays expected to rise 4.5 per- by a reduction in plans for the second
cent to $90.7 billion. In the first quarter, half of the year.
investment by nonmanufacturing inManufacturers now expect 1972 capdustries increased $3.9 billion, or 7.3 ital expenditures to total $31.7 billion,
percent, to an annual rate of $56.7 2.9 percent less than they expected in
billion, while manufacturing invest- February. Plans were trimmed by the
ment declined 0.9 percent to a rate of nonelectrical machinery, food-beverage,
$30.1 billion; the second quarter propetroleum, and " other nondurables"
jection shows gains of 8.2 percent in
industries.
Plans were raised by the
manufacturing and 2.5 percent in nonmotor
vehicle,
stone-clay-glass, textile,
manufacturing industries. Total outand rubber industries. Spending plans
1. The expectations figures have been adjusted for sysof the nonmanufacturing industries are
tematic biases (footnote 2, table 5). Before adjustment, 1972
expenditures were expected to be $88.6 billion for all indus1.4 percent higher than in February.
tries, $32.2 billion for manufacturing and .1556.3 billion for
nonmanufacturing. The adjustments were applied separately
Plans
were revised upward by the
to each major industry; their net effect was to decrease the
manufacturing total by $0.6 billion and to raise the nonmining, railroad, and commercial inmanufacturing total by $1.6 billion.
dustries. Plans were lowered moderately by airlines and public utilities
and a sizable cutback was made by
other transportation companies.
1972 investment totals
Nonmanufacturing industries project an aggregate 13 percent increase in
CHART 8
Changes in Business Investment
Percent Change
-40
-30
I
I
-20-10
I
I
ALL INDUSTRIES
Air Transportation
Gas, Water, and
Sanitary Services
Communication
Electric Utilities
Commerical and
Other
Durable Goods
Manufacturing
Mining
Transportation
Excl. Air
Nondurable Goods
Manufacturing
U.S. Department of Commerce, Bureau of Economic Analysis
0
10
20
30
SUEVEY OF CUKKENT BUSINESS
June 1972
capital outlays for 1972, compared with
a 5% percent gain projected for manufacturing. In the nonmanufacturing
area, the strongest increases are expected by airlines (26 percent) and gas
utilities (16 percent). Advances ranging
between 11 and 14 percent are expected
by mining, commercial, electric utility,
railroad, and communications firms; in
the commercial group, the largest advances are in the trade and insurance
categories. Transportation firms other
than the railroads and airlines expect a
small decline in spending.
Manufacturers of durable goods
expect investment to increase 11 percent in 1972. Very strong advances are
expected by producers of stone-clayglass products (43 percent) and motor
vehicles (21 percent); other substantial
increases are in the "other durables"
industries (18 percent), nonferrous
metals (14 percent), and aircraft (12
percent). The expectations of nondurable goods producers are mixed, with
an overall rise of only 0.5 percent.
Sharp advances are expected by pro-
Table 2.—Plant and Equipment Expenditures, 1971-72
[Billions of dollars, seasonally adjusted annual rates]
19 71
III
All industries
Manufacturing
Durable goods
Nondurable goods
_
.
Nonmanufacturing
ducers of rubber (21 percent) and
textile (16 percent); increases are also
expected by paper companies (10 percent) and chemical producers (3
percent). Declines are expected by the
petroleum industry (6 percent) and by
food and beverage producers (4 percent); these two industry groups
account for about one-half of the
capital
spending by
nondurables
manufacturers.
1.9
Manufacturing *
10.5
8.7
5.6
11.3
-14.1
-18.1
-12.8
-5.8
-19.2
-12.1
-4.8
-28.9
-14.2
1.2
4.8
-9.4
18.9
4.1
13.0
16.6
18.6
11.7
36.4
20.3
3.0
-5.9
14.2
5.6
.6
17.8
21.2
11.7
43.2
18.2
4.2
.6
Food including beverage — -5.3
9.8
Textile
-24.3
Paper
.1
Chemical
_
4.2
Petroleum
-9.8
Rubber
3.6
Other nondurables * .
8.5
1.0
14.1
-.1
-.6
15.1
14.7
-3.7
16.3
9.5
3.2
-5.8
20.8
2.8
Primary metals 1
Blast furnace, steel works.
Nonferrous
Electrical machinery
Machinery except electrical.
Transportation equipments
Motor vehicles _ _
Aircraft
Stone, clay, andl glass
Other durables
-1.9
Nondurable goods *
Nonmanufacturing
Mining
Railroad
Air transportation _
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other
-
7.2
11.6
13.1
14.6
-6.0
1.4
4.8
10.8
13.5
-38.0
12.9
28.4
11.8
25.9
-1.0
16.4
20.7
-2.0
14.0
13.4
17.1
13.7
13.2
15.9
6.6
8.8
14.2
8.1
14.3
11.9
1. Includes industries not shown separately.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
468-387 0 - 7 2 - 3
IIIi
IV i
80 75
83 18
86 79
90 69
89 72
90 89
29.19
30.35
30.09
32.55
31.86
32 01
13.76
15.43
14.61
15 74
15.06
15.02
16 26
16 29
16 02
15 84
15 59
16 42
51 56
52 82
56 70
58 14
57 86
58 88
Table 3.—Manufacturers' Evaluation of Their Capacity
[Percent distribution of gross capital assets] *
1968
19 69
1971
19 70
1972
Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec.
31
30
30
31
30
31
30
31
31
30
30
31
31
10.3
13.8
-6.1
Ii
May
-10.4
Durable goods l
I
IV
from the second half of 1971. An increase of 2 percent is projected for the
second half of 1972. Nonmanufacturing
industries expect a 10 percent advance
in the first half and manufacturing
industries about 5 percent. Both sectors
expect increases of about 2 percent in
the second half.
In the first half, airlines expect spending the be up 26 percent from the second
half of 1971; this sharp rise reflects
heavy purchases of the new airbuses
being put into service as well as continu-
Investment patterns within 1972
Capital outlays in the first half of
1972 are expected to be up 8 percent
Expected 1972
Actual as reported in—
1971
All industries
19 72
1. Expected.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
Table 1.—Plant and Equipment Expenditures, Annual Percent Change 1971-72
Feb.
17
Mar.
31
More plant and equipment
needed :
All manufacturing
-
Durable goods 2 Primary metals 3
-Metal fabricators
Nondurable goods 2
Food including beverage _ . _
Chemical
Petroleum . .
47
48
43
44
46
44
42
41
40
33
30
31
30
31
45
41
49
49
54
58
40
46
41
49
49
46
72
39
40
30
49
46
43
56
41
40
31
47
48
44
71
42
39
33
43
53
47
73
47
37
30
41
51
46
68
48
34
30
36
49
44
68
47
33
32
35
48
44
48
61
31
25
35
50
40
57
60
28
20
34
38
38
43
38
25
19
24
35
35
42
38
25
19
24
36
35
46
38
24
18
25
35
34
43
39
25
21
26
36
33
40
40
About adequate:
All manufacturing _
Durable goods 2
Primary metals 3
Metal fabricators
Nondurable goods 2
Food including beverage
Chemical _
. _.
Petroleum
.
48
47
52
51
49
50
52
51
53
60
61
58
59
62
48
45
48
48
41
40
59
47
44
48
48
49
25
60
53
56
48
51
53
43
58
53
54
50
49
53
27
57
53
52
52
44
49
26
53
53
54
52
47
51
31
52
56
54
56
48
53
31
53
55
51
54
48
51
51
39
61
73
54
45
52
40
40
63
77
55
57
52
53
62
63
70
63
59
53
55
62
60
60
63
57
56
45
62
61
57
64
58
57
53
61
64
62
65
60
57
55
60
5
7
14
3
3
5
2
1
5
7
15
3
3
5
3
1
5
7
14
3
3
4
1
1
5
7
15
3
3
3
2
1
5
8
15
5
3
4
1
6
10
16
7
2
3
1
0
6
10
16
8
3
3
1
8
12
17
11
4
5
1
7
8
2
11
5
8
3
7
9
3
11
5
10
4
9
12
11
13
6
12
3
0
11
15
21
13
7
9
9
0
11
15
25
11
7
9
4
0
7
11
17
9
4
10
5
Existing plant and equipment
exceeds needs:
All manufacturing
Durable goods 2
Primary metals 3
Metal fabricators
Nondurable goods 2
Food including beverage...
Chemical
Petroleum
o
o
o
o
o
o
1. According to respondent companies' characterizations of their plant and equipment facilities, taking into account their
current and prospective sales for the next 12 months.
2. Includes industries not shown separately.
3. includes machinery, transportation equipment, and fabricated metals industries.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SUKVEY OF CURRENT BUSINESS
18
ing acquisitions of smaller jet craft.
Railroads expect an 18 percent gain in
investment in the first half, also reflecting expanded equipment purchases.
Communications firms expect a 13
percent increase and other nonmanuCHART 9
Plant and Equipment Expenditures
Billion $ (Ratio scale)
ioo ^AlMffUSTRfiS
50
30
MANUFACTURING
20
Durables
facturing industries expect smaller
increases.
In the second half, public utilities
and communications firms project moderate advances in outlays. Transportation firms expect investment to be down
about 10 percent from the first half
and commercial firms project a small
decrease, centered in trade and service
firms.
In manufacturing, the nonferrous
metal, aircraft, stone-clay-glass, and
textile industries expect capital spending in the first half of 1972 to be up
about 25 percent or more from the
second half of 1971. Increases between
11 and 17 percent are projected by
manufacturers of motor vehicles, textiles, rubber, "other durables", and
"other nondurables". Petroleum refiners
expect a 6 percent decline in spending.
In the second half of 1972, the strongest increase—14 percent—is expected
June 1972
by the paper industry. Increases of 7
percent or less are projected by the
chemical, petroleum, rubber, machinery, motor vehicle, stone-clay-glass
and "other durables'7 industries. Spending is expected to decliue in the primary
metal, aircraft, textile, and "other
nondurables" industries.
Manufacturers9 capacity evaluation
There was little change from December 31 to March 31 in manufacturers'
overall evaluation of their plant and
equipment facilities, taking into account prospective sales over the next
12 months. Companies owning 31 percent of total fixed assets in manufacturing reported that they needed more
facilities as of March 31, compared with
a figure of 30 percent at December 31
(table 3). The "need more" percentage
for primary metals producers increased
15
Nondurables
10
i i I i i i I i i i I i i i I i i i I i i i I i i i
Table 4.—Starts and Carryover of Plant and Equipment Projects, Manufacturing and
Public Utilities, 1969-72
[Billions of dollars]
40
COMMUNICATION AND COMMERCIAL
Carryover 2
Starts i
30
Annual
1969
20
Manufacturing 3_
I ! i , I
15
_
Durable goods 3 _
Primary metals
E lectrical mach iner y
Machinery except electrical
Transportation equipment 4
Stone, clay, and glass
25
PUBLIC UTILITIES
20
Nondurable goods 3
Food including beverage
Textile..
Paper
Chemical
_
Petroleum _
15
10
Public utilities
1970
1972
1971
1971
1972
June Sept. Dec. Mar.
I
II
III
IV
I
34.07 29.18 28.00
6.91
6.48
6.79
7.82
7.87
16.85 14.04 13.59
3.49
2.80
3.24
4.06
3.71 10.05
9.33
9.17
9.11
9.52
2.44
1.82
2.59
2.34
.94
.78
.53
.57
.65
.25
.56
.29
.64
.32
.17
.39
.41
.54
.80
.25
.72
.60
.84
.57
.27
.88
.42
.63
.56
.34
3.14
2.04
.89
2.39
.50
2.98
1.80
.79
2.21
.48
2.72
1.69
.71
2.47
.51
2.68
1.61
.76
2.42
.54
2.96
1.58
.80
2.43
.62
17.22 15.14 14.42
2.97 2.50 2.49
.60
.49
.71
1.59 1.54 1.00
3.62 3.06 3.25
6.19 5.64 5.14
3.42
.50
.18
.21
.87
1.26
3.68
.70
.20
.17
.83
1.23
3.55
.68
.18
.32
.68
1.26
3.76
.61
.16
.31
.86
1.38
4.16
.64
.18
.34
.96
1.39
9.66
1.08
.26
.89
2.60
3.75
9.31
1.04
.31
.75
2.56
3.52
8.95
1.06
.33
.76
2.42
3.28
8.40
1.00
.31
.72
2.33
3.09
9.24
1.08
.31
.79
2.54
3.40
15.16 17.20 22.22
7.13
4.28
4.36
6.45
9.16 27.36 27.81 28.11 30.27
35.80
2.96
2.80
3.60
2.66
1.08
2.55
2.18
3.29
2.04
.82
1971
Mar.
19.70 18.64 18.12 17.50
18.76
Adjusted for seasonal variation
Manufacturing 3
Durable goods 3
Primary metals
Electrical machinery.
Machinery except electrical4
Transportation equipment
Stone, clay, and glass
- TRANSPORTATION INCLUDING RAILROADS
Nondurable goods 3
Food including beverage
Textile
Paper
.Chemical
Petroleum _
Public utilities
1966
67
68
69
70
71
Seasonally Adjusted at Annual Rates
• Expectations
U.S. Department of Commerce, Bureau of Economic Analysis
6.71
6.53
7.55
7.75
7.61 20.32 19.33 19.58 19.74
19.83
3.35
2.91
3.59
4.05
3.47 10.78 10.17 10.32 10.72
10.42
.72
.48
.56
.65
.23
.69
.30
.64
.28
.18
.36
.48
.63
.87
.23
.80
.54
.76
.72
.30
.78
.36
.65
.54
.28
3.43
1.97
1.47
2.35
.54
3.39
1.73
1.39
2.13
.54
3.11
1.67
1.37
2.49
.55
3.25
1.65
1.42
2.61
.62
3.33
1.48
1.42
2.53
.62
3.36
.54
.20
.16
.78
1.26
3.62
.63
.18
.15
.73
1.36
3.96
.71
.17
.44
.77
1.42
3.70
.62
.17
.38
1.00
1.14
4.14
.70
.19
.25
.86
1.41
9.55
1.18
.29
.92
2.65
3.63
9.15
1.10
.32
.77
2.53
3.48
9.26
1.19
.34
.91
2.45
3.41
9.02
1.14
.33
.97
2.57
3.19
9.41
1.23
.32
.90
2.60
3.35
5.10
4.76
5.96
6.55
6.42 25.89 26.89 28.88 31.49
33.68
72
1. Starts are estimated by adding changes in carryover to expenditures during the given period.
2. Carryover refers to expenditures yet to be incurred on plant and equipment projects already underway at end of period.
3. Includes data not shown separately.
4. Includes guided missiles and space vehicles.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SUKVEY OF CUEEENT BUSINESS
June 1972
19
already underway. Manufacturers' carry3 points while the percentage for Starts and carryover of projects
chemical companies declined 3 points.
New investment projects undertaken over at the end of March totaled $19.8
Companies reporting capacity in ex- by manufacturers in the first quarter billion, seasonally adjusted, up $100
cess of current and near-term needs of 1972 had a total value of $7.6 billion, million from the end of December but
accounted for 7 percent of assets at seasonally adjusted, about 2 percent $500 million lower than in March 1971.
New projects started by public utiliMarch 31, a decline from 11 percent lower than starts in the final quarter
ties
in the first quarter totaled $6.4
at December 31. This "excess" percent- of 1971 but up 13 percent from the first
billion,
2 percent less than the record
age declined in both durable and non- quarter of last year (table 4).
amount in the fourth quarter of 1971
The value of new projects started by
durable goods industries, with metals
but 26 percent higher than in last year's
producers reporting the largest reduc- manufacturing companies slightly ex- first quarter. The carryover of utility
tion. Facilities viewed as "about ade- ceeded their capital expenditures in the investment projects totaled a record
quate" represented 62 percent of manu- first quarter, resulting in a small in- $33.7 billion at the end of March, up
ufacturers' fixed assets as of March 31, crease in carryover—the amounts still $2.2 billion from yearend and $7.8
up from 59 percent at December 31. to be spent on investment projects billion from March 1971.
Table 5.—Expenditures for New Plant and Equipment by U.S. Business,11970-72
[Billions of dollars]
Quarterly, unadjusted
Quarterly, seasonally adjusted annual rates
Annual
1970
1970
1971 19722
I
II
III
IV
I
III
II
1970
1972
1971
IV
I
112
np
I
II
1971
III
IV
I
II
III
1972
IV
I
112
III 2
79.71 81.21 89.61 17.47 20.33 20.26 21.66 17.68 20.60 20.14 22.79 19.38 22.90 22.41 78.22 80.22 81.88 78.63 79.32 81.61 80.75 83.18 86.79 90.69 89.72
All industries
_ 31.95 29.99 31.68 7.14 8.15 7.99 8.66 6.69 7.55 7.31 8.44 6.61 8.18 7.96 32.44 32.43 32.15 30.98 30.46 30.12 29.19 30.35 30.09 32.55 31.86
Manufacturing.
15.80 14.15 15.75 3.59 4.08 3.87 4.26 3.11 3.52 3.40
Durable goods ..
3
_- 3.24
1.68
1.24
2.27
-. 3.47
2.43
_
1.59
.54
.99
_ .
3.41
Primary metals
Blast furnace, steel works
Non ferrous
Electrical machinery _
Machinery, except electrical3
Transportation equipment
Motor vehicles
Aircraft 4
Stone, clay and6glass
Other durables
Nondurable goods
Food including beverage
Textile
Paper
Chemical
Petroleum.
Rubber. _
Other nondurables 6_
._ .
_ .
.69
.35
.27
.48
.82
.60
.38
.14
.24
.76
.78
.43
.28
.56
.93
.68
.47
.14
.27
.87
.81
.42
.31
.55
.84
.60
.41
.12
.22
.84
.95
.47
.38
.68
.88
.55
.34
.13
.26
.94
.65
.33
.24
.41
.65
.47
.33
.09
.20
.72
2.84
.56
1.65
3.44
5.62
.94
1.11
2.69
.61
1.25
3.44
5.85
.84
1.15
2.59 .67 .74 .72 .71
.71 .13 .15 .14 .14
1.37 .37 .43 .42 .43
3.55 .76 .89 .87 .92
5.51 1.14 1.38 1.44 1.66
1.02 .24 .25 .23 .22
1.18 .25 .25 .29 .31
4.12 3.29 4.09 3.95 16.40 16.32 15.74 14.92 14.21 14.06 13.76 14.61 15.06 16.26 16.02
.65 .76
.32 .40
.26 .28
.52 .68
.62 .80
.54 .62
.38 .46
.10 .10
.21 .25
.85 1.02
.61 .75 .71
.25 .35 .32
.28 .30 .30
.45 .56 .56
.58 .74 .68
.55 .67 .68
.39 .49 .50
.09 .12 .12
.26 .32 .32
.84 1.05 1.01
3.28
1.72
1.25
2.25
3.62
2.74
1.70
.67
1.06
3.45
3.15
1.73
1.12
2.27
3.69
2.71
1.85
.58
1.05
3.46
3.21
1.67
1.21
2.28
3.52
2.29
1.54
.48
.94
3.50
3.31
1.60
1.35
2.27
3.12
2.04
1.29
.46
.92
3.27
.62 .74 .66 .68 .56 .70 .67 3.00 2.80 2.80 2.79
.12 .16 .16 .18 .18 .18 .17 .58 .57 .55 .53
.29 .30 .31 .35 .27 .32 .36 1.71 1.65 1.68 1.59
.78 .88 .81 .96 .75 .92 .87 3.32 3.44 3.67 3.32
1.31 1.46 1.51 1.57 1.08 1.39 1.37 5.15 5.68 5.70 5.86
.19 .19 .20 .26 .21 .26 .27 1.10 .98 .90 .80
.26 .30 .26 .32 .27 .31 .29 1.18 1.00 1.10 1.15
1.89
1.78
3.03
1.23
2.16
1.67
1.88
1.38
2.40
1.90
2.37
1.37
.45
.42
.73
.28
.47
.47
.80
.31
.46
.46
.74
.30
.50
.43
.76
.33
.49
.34
.34
.28
3.08
1.60
1.08
1.94
2.88
2.16
1.48
.44
.87
3.29
2.91
1.33
1.22
2.13
2.90
1.97
1.33
.37
.72
3.42
2.56
1.26
1.01
2.17
2.58
2.06
1.44
.39
.90
3.50
2.66
1.35
1.01
2.26
2.85
2.38
1.82
.35
.91
3.56
2.82
1.24
1.27
2.14
2.60
2.48
1.71
.45
1.12
3.90
3.04
1.41
1.24
2.26
2.93
2.64
1.90
.47
1.24
4.14
2.82
1.27
1.20
2.33
2.80
2.57
1.91
.45
1.36
4.14
2.76
.55
1.34
3.43
6.06
.86
1.26
2.84
.60
1.18
3.40
6.07
.78
1.19
2.52
.61
1.20
3.39
5.92
.80
.99
2.65
.68
1.29
3.53
5.45
.94
1.20
2.46
.82
1.27
3.29
4.99
.92
1.27
2.69
.70
1.27
3.57
5.76
1.06
1.24
2.61
.66
1.42
3.64
5.32
1.08
1.11
.54
.47
.60
.36
.55
.42
.39
.37
.59
.45
,56
.37
.58
.48
.50
.32
.61
.47
.76
.38
.58
.49
.50
.34
1.92
1.74
2.94
1.37
1.84
1.88
2.88
1.12
1.86
1.96
3.24
1.22
1.94
1.56
3.08
1.22
2.04
1.46
1.29
1.33
2.08
1.88
2.28
1.40
2.23
1.72
1.68
1.48
2.30
1.64
2.26
1.33
2.42
2.10
1.96
1.48
2.36
1.87
3.01
1.46
2.36
1.92
2.20
1.36
13.14 15.30 17.39 2.54 3.28 3.58 3.74 3.11 3.83 4.07 4.29 3.63 4.27 4.59 12.14 12.72 13. 84 13.68 14.64 14.91 15.87 15.74 16.92 16.71 17.69
10. 65 12.86 14.56 2.15 2.59 2.79 3.12 2.70 3.20 3.35 3.60 3.19 3.56 3.72 9.77 10.15 11.34 11.20 ,12.16 12.61 13.56 13.01 14. 27 14.13 14.82
2.49 2.44 2.83 .39 .69 .78 .63 .41 .63 .71 .69 .44 .71 .87 2.37 2.57 2.50 2.48 2.48 2.30 2.30 2.74 2.65 2.58 2.87
_
9.14 10.38 10.62 10.20 10.70 11.21 10.73 10.44 11.71
10.10 10.77 12.30 2.14 2.59 2.56 2.81 2.50 2.81 2.62 2.84 2.72
._ 16.59 18.05 20.20 3.76 4.26 4.16 4.42 3.94 4.44 4.42 5.26 4.55 J8.24 7.96< 16.52 16.98 17.00 15.97 17.39 17.72 17.85 19.10 20.10 J32.72 32.33
1. Excludes agricultural business; real estate operators; medical, legal, educational, and
cultural service; and nonprofit organizations.
2. Estimates are based on expected capital expenditures reported by business in late April
and May 1972. The estimates for the full year 1972 and for the second quarter, and third quarter
have been corrected for systematic biases. The adjustment procedures are described in the
February 1970 issue of the SURVEY OF CURRENT BUSINESS. Before such adjustments, 1972
expenditures were expected to be $88.55 billion for all industries, $32.23 billion for manufacturing, and $56.32 billion for nonmanufacturing.
.72
.33
.29
.53
.73
.50
.34
.09
.19
.86
47.76 51.22 57.93 10.32 12.18 12.27 12.99 10.99 13.06 12.83 14.35 12.77 14.72 14.46 45.78 47.79 49.73 47.66 48.86 51.50 51.56 52.82 56.70 58.14 57.86
.
Public utilities
Electric.
Gas and other
Communication
Commercial and other 7
2.86
1.29
1.23
2.26
2.82
2.51
1.84
.43
1.21
4.08
16.15 15.84 15.93 3.56 4.07 4.12 4.40 3.58 4.03 3.91 4.32 3.32 4.09 4.00 16.05 16.11 16.40 16.05 16.25 16.06 15.43 15.74 15.02 16.29 15.84
Nonmanufacturing
Mining
_ . __
Railroad
Air transportation ^
Other transportation
2.78
1.37
1.08
2.14
2.80
2.13
1.51
.38
.85
3.45
3. Includes data not shown separately.
4. Includes guided missiles and space vehicles.
5. Includes fabricated metal, lumber, furniture, instrument, ordnance and miscellaneous
except guided missiles and space vehicles.
6. Includes apparel, tobacco, leather and printing-publishing.
7. Includes trade, service, construction, finance and insurance.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SURVEY OF CUKKENT BUSINESS
20
June 1972
Public and Private Debt
THE net total of public and private
debt stood just short of $2 trillion at
the end of 1971. Public debt—liabilities
of Federal, State, and local governments and Federal financial agencies—
accounted for about 27% percent of total
debt, while corporations were liable for
about 41 percent of total debt, and individuals, including those owning unincorporated enterprises, were liable for
32 percent of total debt.
The increase in net public and private
debt last year was $152% billion, substantially more than the 1970 increase
of $120% billion. The stepup in the pace
of debt formation stemmed from: (1) a
sharp rise in the expansion of individual
mortgage debt, which totaled $31% billion last year as contrasted with $17
billion in 1970; (2) a stepup in net consumer credit expansion to $10% billion
in 1971 following a gain of only $4#
billion in 1970; and (3) a $25 billion expansion in the net debt of the Federal
Government, as contrasted with a $12
billion rise in 1970.
These expansionary elements were
partly offset by a slowdown, from $8
billion in 1970 to $1 billion in 1971, in
the increase in Federal financial agencies
debt, and by a modest slowing in cor-
porate debt expansion to $53% billion
in 1971 from $58% billion a year earlier.
Within the corporate total, there was
continuing evidence of a refunding of
short-term liabilities into longer term
debt, as the former rose only about $15
billion last year while the latter rose
$39 billion.
The tables presented here update the
statistics on debt that have appeared in
previous May issues of the SURVEY.
Revisions have been made in the data
for 1967-70. Data back to 1955 are in
the May 1970 SURVEY and data for
earlier years are in the May 1969 SURVEY.
Net and Gross Public and Private Debt, End of Calendar Year, 1966-71
[Billion dollars]
Private
Public
Individual and noncorporate
Corporate
End of year
Total
Federal
finanTotal Federal *
cial
agencies 2
State
and
local
Farm 4
Short term 3
Total
Total
Long
term 3
Notes
and accounts
payable
Nonfarm
mortgage
Total
Production
Other
Mortgage
Other nonfarm
Multifamily
1- to 4- residen- Comfamily tial and mercial
commercial
Financial e
Consumer
Net Public and Private Debt
1966
1967
1968 .
1969_ .
1970.... .
1971
.
1,341.4
1,443.1
1,585.3
1, 723. 2
1,843.9
1,996.4
387.9
408. 8
437.1
452.4
486.7
533.5
271.8
286.5
291.9
289.3
301.1
325.9
11.2
9.0
21.4
30.6
38.8
39.8
104.8
113. 4
123.9
132.6
146.8
167.7
953.5
1,034.3
1, 148. 2
1,270.8
1,357.3
1,463.0
506.6
553.7
628.0
714.8
773.6
827.3
231.3
255.6
280.9
307.4
341.3
380.3
155.5
166.6
190.0
215.6
220.4
220.2
119.8
131.5
157.1
191.9
212.0
226.8
446.9
480.6
520.3
556.0
583.7
635.7
19.1
22.8
24.3
26.0
27.5
30.0
23.3
25.5
27.5
29.5
31.2
33.1
219.6
232.0
246.5
261.5
274.5
299.4
32.0
34.9
38.4
42.4
46.3
52.9
30.9
34.2
37.4
41.1
42,0
43.8
24.5
29.1
33.0
33.1
35.4
39.2
97.5
102.1
113.2
122.5
126.8
137.2
19.1
22.8
24.3
26.0
27.5
30.0
23.3
25.5
27.5
29.5
31.2
33.1
219.6
232.0
246.5
261.5
274.5
299.4
32.0
34.9
38.4
42.4
46.3
52.9
30.9
34.2
37.4
41.1
42.0
43.8
24.5
29.1
33.0
33.1
35.4
39.2
97.5
102.1
113.2
122.5
126.8
137. 2
Gross Public and Private Debt
1966
1967..
1968
1969
1970
1971
1,517.0
1,636.3
1,796.3
1, 963. 7
2,104.3
2,276.2
464.0
491.8
522.9
549.7
591.5
646.7
343.3
364.9
373.1
382.0
401.6
435.2
11.2
9.0
21.4
30.6
38.8
39.8
109.4
117.9
128.4
137.1
151.1
171.7
1,053.0
1, 144. 5
1,273.4
1,414.0
1, 512. 9
1,629.6
606.1
663.9
753.1
857.9
929,2
993.9
279.6
309.1
340.0
372.5
413.7
461.0
1. Net Federal Government and agency debt is the outstanding debt held by the public,
as denned in the Budget of the United States Government, Fiscal Year 1969. Gross Federal
Government debt consists of the public debt as defined in the Second Liberty Bond Act of
1917, as amended, plus the obligations to the public of Federal agencies in which the Federal
Government has a proprietary interest each year.
2. This comprises the debt of federally sponsored agencies, in which there is no longer any
* edera proprietary interest. The obligations of the Federal Land Banks and the debt of the
federal Home Loan Banks are included in all years shown in this table, and the debts of the
federal National Mortgage Association, Federal Intermediate Credit Banks and Banks for
Cooperatives are included beginning with 1968.
186.5
199.9
227.9
258.6
264.4
264.2
140.0
154.9
185.1
226.8
251.0
268.7
446.9
480.6
520.3
556.0
583.7
635.7
3. Long-term debt is debt having a maturity of 1 year or more, short-term debt is that which
will mature within a year.
.
4. Farm mortgages and farm production loans. Farmers' financial and consumer deoi is
included in the nonfarm categories.
,,
5. Financial debt is owed to banks for purchasing or carrying securities, customers debt to
brokers, and debt owed to life insurance companies by policyholders.
Sources: U.S. Department of Commerce, Bureau of Economic Analysis; U.S. Treasury
Department; U.S. Department of Agriculture; Board of Governors of the Federal Reserve
System; Federal Home Loan Bank Board; Federal Land Banks; and Federal National
Mortgage Association.
By JACK J. BAME
Balance of Payments Developments, First Quarter 1972
LAJOR developments in the first
quarter included a further deterioration
in the already large trade deficit and a
substantial decline in the balance on
military and other service transactions.
In addition, net long-term capital flows
shifted adversely from the unusual
fourth quarter inflow. As a result, the
deficit on current account and longterm capital increased sharply.
On the other hand, there was an even ter, but subsequently narrowed as U.S.
larger improvement in net short-term rates firmed and several foreign moneprivate capital flows (both recorded and tary authorities eased credit. There was
unrecorded), which dropped from large also a reduction in forward premiums on
outflows in the fourth quarter to near a number of foreign currencies—which
balance in the first. Short-term interest had inhibited monetary reflows to the
United States—as confidence in the
rate differentials between the United realigned exchange rate structure inStates and most other major countries creased. Furthermore, new regulations
temporarily widened early in the quar- were instituted by a number of European countries that discouraged dollar
inflows and/or reduced foreign borrowCHART 10
ing by local firms.
As a result of all these developments,
Balances on Major U.S. International Transactions
the official reserve transactions balance
improved sharply, although the deficit
Billion $
was still relatively large, and by the end
16
of the quarter there was a substantial
Official Reserve
8 easing of pressures on the dollar.
,' Transactions^
The major balances
7
-8
Net Liquidity
Current Account and
Long-term Capital \ \
-16
-24
32 -
8
-40
- -10
-48 -
- -12
-14
-56
16
i Merchandise Trade/
. i i "r
-8
1966
67
68
69
70
71
Annually
* Excludes exports under military grants and U.S. military agency sales contracts and
imports of U.S. military agencies.
U.S. Department of Commerce, Bureau of Economic Analysis
1968
69
i > t
70
-2
71
Quarterly, Seasonally Adjusted
72
The merchandise trade balance
worsened by $0.2 billion to register a
record deficit of almost $1.7 billion in
the first quarter, with both exports
and imports rising sharply from their
strike-reduced fourth quarter levels
(table A). Income on U.S. direct investment abroad fell from the unusually
large receipts in the fourth quarter,
and transfers under military sales
contracts also declined. As a result, the
balance on goods and services deteriorated $0.6 billion to a deficit of
more than $1.1 billion. The balance on
all current transactions was in deficit
by $2.1 billion.
Net long-term private capital flows
shifted adversely by $1.0 billion, from
an unusual inflow in the fourth quarter
to an $0.8 billion outflow in the first.
The shift was related largely to foreign
direct investment in the United States
NOTE.—Significant contributions to this
article were made by Evelyn Parrish, R. David
Belli, E. S. Kerber, and Max Lechter.
21
SUEVEY OF CUEEENT BUSINESS
22
and U.S. transactions in foreign securities. Despite the quarter to quarter
deterioration, the first quarter outflow
was below the average quarterly outflow
last year. The deficit on all recorded
current and long-term capital transactions was $3.2 billion, $1.4 billion more
than in the fourth quarter.
There was a very large positive
shift of $2.5 billion in unrecorded
flows; errors and omissions showed an
inflow of almost $0.5 billion after a
year of enormous outflows. (The outflow in 1971 approached $11 billion for
the full year, with quarterly outflows
ranging from a low of $1.0 billion to a
high of $5.5 billion.) This swing was
the major reason for the $1.2 billion
narrowing of the net liquidity deficit,
from $4.3 billion in the fourth quarter
to $3.1 billion in the first.
The official reserve transactions
balance showed an even larger improvement of $2.7 billion reflecting a $1.5
billion swing in reported net liquid
private capital flows, as liquid liabilities
to private foreigners, mostly commercial banks, increased following a 2year decline. The official deficit, at
$3.3 billion, nevertheless remained large.
Major Developments
Merchandise trade
The merchandise trade deficit increased almost $0.2 billion in the first
quarter to a record $1.7 billion, seasonally adjusted. This was the fourth
successive quarterly deficit, and it was
substantially larger than the average
$1.0 billion deficit in the preceding three
quarters. In the third quarter of 1971,
the deficit had been substantially reduced by the much stronger acceleration
of exports than of imports in anticipation of the October 1 dock strikes. In the
fourth quarter, the deficit was swelled
by the dock strikes at Atlantic and
Gulf ports in October and November,
which depressed exports much more
than imports. With East and Gulf
Coast ports back in full operation in the
first quarter of 1972, both exports and
imports showed sharp gains from the
abnormally low levels in the fourth
quarter. Exports rose $2.2 billion (23
percent), to $11.8 billion, and imports
$2.4 billion (22 percent), to $13.5 billion. (All figures are on the usual
June 1972
balance of payments basis excluding
"military," as shown in table 1. Trade
totals including "military" can be
found in tables B-l and 4.)
Although the underlying demand for
exports and imports in the first quarter
was augmented by flows of merchandise
backlogged during the strike period, the
make-up of backlogged export shipments was probabjy about equal to the
import make-up. Thus, such shipments
probably had little impact on the magnitude of the first quarter trade deficit.
The size of the deficit was largely influenced by trends in business activity
here and abroad, and to some extent
by the initial adverse impact of the
recent adjustments in exchange rates.
In addition, import volume continued
to reflect the longer-run growth in U.S.
demand for foreign products.
Imports have been stimulated by the
substantial growth rate of the U.S.
economy, while U.S. export gains were
limited by a less rapid rate of business
expansion in most of our major markets
abroad. The recent currency realignments are expected to be of benefit to
the U.S. trade balance over the longer
run, but their initial impact tends to be
Table A.—Summary of U.S. International Transactions
[Millions of dollars, seasonally adjusted]
Line
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Lines in tables 2, 3, and 9 in which transactions are included are
indicated in ( )
Merchandise trade balance (2, 16)
Services, net (3-13, 17-27)
._
Balance on goods and services
Kemittances, pensions and other transfers (31, 32)
Balance on goods, services, and remittances
U. S. Government grants (excluding military) (30)
Balance on current account
1969
1970
I
Nonliquid short-term private capital flows, net (42, 45, 51)
Allocations of SD R (63)
Errors and omissions, net (64)
_
Net liquidity balance
Liquid private capital flows, net (43, 46, 56)
Official reserve transactions balance. . .
» Preliminary.
NOTE.—Details may not add to totals because of rounding.
III
IV
621
1,289
2,164 -2, 689
3,417
1,398
500
398
734
233
737
252
193
519
1,911
3,563
898
967
989
712
727
-1, 301 -1, 474 -1, 529
610
2,089
-802
-1, 644 -1, 734 -2, 045
-1,035
356 -2,847
U.S. Government capital flows, net, and nonliquid liabilities
to other than foreign official reserve agencies (33, 55)
-1, 926 -2, 018 -2, 378
Long-term private capital flows, net (39-41, 44, 48-50, 52)
-50 -1, 398 -4, 149
Balance on current account and long-term capital
II
-350
548
-415
133
-379
588
-394
194
-379
610
-442
168
-366
346
-483
-137
-563
-236
-324
-191
-670
-49
-3,011 -3,059 -9,374 -1,251
-605
-347
-856
-482 -2, 420
717
867
-2, 470 -1, 174 -10, 927
-56
217
-410
42
217
-677
-221
216
-37
-854
-765
-898
-640
-462
-922
-247
217
-51
-6,122 -3,851 -22,002 -1,332
1972
19 71
1970
1971
I
II
289 -1, 012
1,048
847
1,136
-355
781
-436
345
-702
-922
36
III
IV
IP
Change:
1971 IV19721
-472 -1, 494 -1, 673
526
957
563
-179
-431
-537
-1,147
-610
91
-369
-402
-404
-387
-333
-311
-941
-1,534
-477
-544
-588
-560
-810
-855
-584
-558
-1,605 -1, 883
-1,529 -2,094
-533
260
-385
-762
17
-593
28
-565
148
-1, 022
-1,279 -2,999 -3,296 -1,802 -3,241
-1,439
-529
178
480
159
-1
2,498
-688
-883
-534
-315
179
179
180
179
-944 -2, 586 -5, 380 -2,018
-2,577 -5,721 -9,380 -4,329 -3,112
8 824 —5 988 -7, 763 -1, 461 -1, 211 -1, 104 -2, 212 -2, 848
-745
-2, 551 -1,619
-165
2,702 -9,839 -29,765 -2,793 -2,065 -1,869 -3,110 -5,425 -6,466 -11,931 -5,948 -3,277
1,217
1,454
2,671
June 1972
adverse. Assuming no change in the
foreign currency price of our imports,
the realignments would raise import
prices in dollar terms and quickly raise
the value of imports for there would
be no immediate reduction in volume
because established trading patterns are
not readily altered. On the other hand,
the dollar price of exports would not
automatically be changed by the currency adjustments, and thus the price
to the foreign importer in terms of his
national currency would be promptly
reduced; here too, however, there would
SUKVEY OF CUEEENT BUSINESS
23
lowed a full-year deficit of $2.7 billion in 1971. Both exports and imports
were running at seasonally adjusted annual rates much higher than last year,
and the percentage rise in imports was
nearly double the rise in exports: imports in the first quarter were at an annual rate of $53.9 billion, almost 19
percent above the 1971 total, while exports were at an annual rate of $47.2
billion, 10 percent above 1971. (Adjusting these increases for the effects
of strikes and strike anticipations
widens the disparity between export
and import growth.)
be a time lag before this change leads
to increased export volume. In practice,
of course, U.S. and foreign suppliers
may adjust their prices to mitigate the
full impact of the exchange rate
changes; thus, the dollar price of U.S.
exports may rise somewhat—tending to
increase the value of exports—and the
foreign currency price of imports may
fall—partly offsetting the "automatic"
rise in the dollar price of imports and
the associated rise in their value.
The trade deficit of almost $1.7 billion for the first quarter of 1972 fol-
Table Bl.—U.S. Merchandise Trade, by Principal End-Use Categories—Totals Adjusted to Balance of Payments Basis
[Millions of dollars]
Seasonally adjusted
Line
(Numbers in parentheses ( ) refer to line numbers in table 4)
1969
1970
1970
1971
I
II
1972
1971
It
III
I
II
III
Change:
1971 IV19721
IP
IV
EXPORTS
1 Total, adjusted to balance of payments basis, including "military" l
(6)
_ _
37,673
43,072
43,948
10,437
10,934
10,920
10,781
11,315
11,065
11,753
9,815
12,025
2,210
2"- Less: Exports under U.S. military sales contracts identified in
Census documents (7)
1,256
1,109
1,178
206
369
215
319
298
355
274
251
216
-35
36,417
6,097
30,320
41, 963
7,342
34, 621
42,770
7,803
34, 967
10,231
1,743
8,488
10,565
1,773
8,792
10,705
1,886
8,819
10,462
1,941
8,521
11,017
2,112
8,905
10,710
1,909
8,801
11,479
2,094
9,385
9,564
1,688
7, 876
11,809
2,246
9,563
2,245
558
1,687
4,688
11, 779
1,433
10,346
12,346
9,991
1,266
3.888
2,736
1,152
2,573
5,839
13,783
1,526
12, 257
14,371
11, 570
1,528
3,652
2,474
1,178
2,717
6,050
12,692
1,788
10, 904
15, 106
11, 584
1,914
4,406
3,223
1,183
2,846
1,339
3,470
396
3,074
3,438
2,750
387
917
611
306
674
1,388
3,520
383
3,137
3,598
2,805
480
1,009
727
282
676
1,572
3,356
328
3,028
3,683
3,051
298'
992
683
309
682
1,549
3,450
416
3,034
3,678
2,997
342
754
471
283
690
1,574
3,377
543
2,834
3,885
2,993
505
1,111
789
322
680
1,458
3,250
448
2,802
3,735
2,813
530
1,118
828
290
694
1,654
3,497
470
3,027
3,896
3,047
388
1,223
884
339
813
1,393
2,587
335
2,252
3,575
2,728
463
975
738
237
655
1,748
3,431
504
2,927
4,132
3,231
464
1,209
899
310
832
355
844
169
675
557
503
1
234
161
73
177
1,143
1,601
1,670
393
374
420
341
390
455
396
379
457
78
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Equals: Total, adjusted to balance of payments basis, excluding
"military" (8)
Agricultural goods
_
Nonagricultural
Foods, feeds, and beverages (19)
Industrial supplies and materials (23)
Agricultural..
Nonagricultural _ _
Capital goods, except automotive (34)....
Machinery, except consumer-type (35)
Civilian aircraft, complete— all types (44a)
Automotive vehicles, parts, and engines (46)
To Canada (47)
_
To all other areas (48) . _
Consumer goods (nonfood), except automotive (52)
All other, including balance of payments adjustments not included
above
IMPORTS
18
Total, adjusted to balance of payments basis, including "military" 1
(13)
36,033
19
Less: Imports of U.S. military agencies identified in Census documents (14)
20
Equals: Total, adjusted to balance of payments basis, excluding
"military" (15)
21
22
23
24
25
26
27
28
29
30
Foods, feeds, and beverages (61)
Industrial supplies and materials (66)
Capital goods, except automotive (80)....
Machinery, except consumer-type (81)
Civilian aircraft, engines, parts (89)
Automotive vehicles, parts, and engines— adjusted
From Canada (adjusted to transactions value) (92)
From all other areas (93).
Consumer goods (nonfood), except automotive (97)
All other, including balance of payments adjustments not included
above
39,978
45,644
9,776
9,882
10,007
10,313
10,793
11,771
11,992
11,088
13,513
2,425
237
179
185
45
51
39
44
65
49
41
30
31
1
35,796
39,799
45,459
9,731
9,831
9,968
10,269
10,728
11,722
11, 951
11,058
13,482
2,424
5,238
14, 160
3,244
3,067
177
4,934
3,082
1,853
6,616
6,154
15, 106
3,814
3, 623
191
5,492
3,123
2,369
7,553
6,369
16, 969
4,128
3,900
228
7,359
3,972
3,387
8,562
1,553
3,681
924
882
42
1,298
775
523
1,830
1,563
3,659
957
905
52
1,404
837
567
1,850
1,487
3,771
951
909
42
1,434
820
614
1,897
1,550
3,986
984
929
55
1,366
694
672
1,962
1,550
3,882
1,000
942
58
1,704
958
746
2,092
1,688
4,398
1,065
999
66
1,802
977
825
2,254
1,875
4,486
1,055
991
64
2,034
1,080
954
1,955
1,255
4,156
999
959
40
1,854
977
877
2,254
1,825
4,733
1,336
1,248
88
2,078
1,113
965
2,864
570
577
337
289
48
224
136
88
610
1,604
1,680
2,082
445
398
428
421
500
515
546
540
646
106
BALANCE (EXPORT SURPLUS +)
31
Balance on merchandise trade adjusted to balance of payments
basis including "military " (16)
1,640
3,094 -1,696
661
1,052
913
468
522
-706
-239
-1,273 -1,488
-215
32
Balance on merchandise trade, adjusted to balance of payments
basis excluding "military" (17)
621
2,164 -2,689
500
734
737
193
289 -1,012
-472
-1,494 -1,673
-179
i
>
'* v, • ii
,
i. includes goods physically exported from the United States under U.S. military agency
sales contracts and recorded in Census trade statistics; includes goods physically imported
into t h e United States directly by U.S. military agencies (and by t h e Atomic Energy Commission and the Coast Guard) and recorded in Census trade statistics,
NOTE.—Seasonally adjusted quarterly details may not add to unadjusted annual totals.
SURVEY OF CURRENT BUSINESS
24
Services
Among the service accounts, the
largest net movement in the first
quarter was in investment income,
which shifted adversely by $460 million. A decline in income on U.S. direct
investment abroad was by far the major
factor in the change; it dropped from
the unusually high fourth quarter total
of almost $2.2 billion to $1.7 billion in
the first. The high fourth quarter figure may have been related to a repatriation of funds after the December 18
agreement to realign exchange rates,
June 1972
and also to positioning under the
OFDI program.
The balance on military transactions
(excluding transfers under military
grants) was in deficit by $865 million
in the first quarter of 1972—somewhat
more than in the fourth quarter and
considerably more than the $725 million
quarterly average in 1971. Most of the
deterioration in the first quarter was
caused by a drop in aircraft exports to
Germany and Iran. Transfers under
military sales contracts, in fact, were
only $355 million. This was the lowest
level in 1% years, reflecting the recent
conclusion of a number of sales programs. Major new programs are not
scheduled to commence until 1973 or
later. Total direct defense expenditures
abroad were $1.2 billion in the first
quarter, about the same as in the fourth.
The effects on military expenditures
abroad of troop withdrawals and of a
decline in payments for construction
projects (principally in Vietnam) were
largely offset by average military pay
increases of nearly 12 percent in November 1971 and 7 percent in January
Table B2.—U.S. Merchandise Exports and Imports, by Major World Areas 1—Balance of Payments Basis, "Excluding Military"
[Millions of dollars]
Seasonally adjusted
Line
1969
1970
1970
1971
I
II
III
I
II
III
11,017
IV
Change:
1971 IV19721
1972
1971
IP
IV
EXPORTS
1 Total, all countries
2
3
4
5
6
7
8
9
10
11
12
.
Developed countries, total..
Western Europe _
United Kingdom
Other Western Europe (incl. EEC)
Canada
Japan
Australia, New Zealand, and South Africa
Developing countries, total
Latin American Republics and other Western Hemisphere
Other countries in Asia and AfricaCommunist areas in Europe and Asia
36,417
41,963
42,770
10,231
10,565
10,705
10,462
10,710
11,479
9,564
11,809
2,245
25,634
29,436
29,806
7,206
7,477
7,557
7,195
7,683'
7,409
7,866
6,852
8,227
1,375
11, 631
2,043
9,588
9,174
3,475
1,354
14, 167
2,519
11, 648
9,040
4,648
1,581
13, 567
2,348
11,219
10,476
4,069
1,694
3,479
610
2,869
2,267
1,093
367
3,603
661
2,942
2,332
1,153
389
3,561
616
2,945
2,348
1,219
429
3,524
629
2,895
2,095
1,183
393
3,707
722
2,985
2,463
1,079
434
3,367
544
2,823
2,635
1,029
378
3,692
585
3,107
2,735
966
473
2,832
506
2,326
2,625
989
406
3,791
734
3,057
2,862
1,174
400
959
228
731
237
185
-6
10,531
12,159
12,556
2,942
2,995
3,051
3,170
3,232
3,203
3,510
2,607
3,420
813
5,538
4,993
6,501
5,658
6,432
6,124
1,573
1,369
1,604
1,391
1,625
1,426
1,696
1,474
1,667
1, 565
1,607
1,596
1,826
1,684
1,337
1,270
1,776
1,644
439
374
252
368
408
83
93
97
97
102
98
103
105
162
57
2,424
IMPORTS
13
Total, all countries
35,796
39,799
45,459
9,731
9,831
9,968
10,269
10,728
11,722
11,951
11,058
13,482
14
Developed countries, total
26, 122
28,945
33,343
7,084
7,118
7,264
7,475
8,015
8,613
8,632
8,087
9,942
1,855
10, 212
2,112
8,100
9,958
4,893
1,059
11, 269
2,214
9,055
10, 653
5,894
1,129
12, 758
2,470
10, 288
12, 166
7,280
1,139
2,724
578
2,146
2,677
1,382
301
2,796
545
2,251
2,654
1,414
254
2,772
518
2,254
2,705
1,509
278
2,981
577
2,404
2,618
1,579
297
3,110
594
2,516
2,925
1,741
239
3,370
672
2,698
3,057
1,887
299
3,608
699
2,909
3,167
1,544
313
2,681
508
2,173
3,005
2,122
279
3,935
770
3,165
3,492
2,230
285
1,254
262
992
487
108
6
9,475
10,635
11,885
2,592
2,662
2,653
2,733
2,660
3,045
3,253
2,923
3,468
545
5,215
4,260
5,912
4,723
6,117
5,768
1,455
1,137
1,520
1,142
1,463
1, 190
1,478
1, 255
1,452
1,208
1,601
1,444
1,695
1,558
1,374
1,549
1,733
1,735
359
186
199
219
231
55
51
51
61
53
64
66
48
72
24
15
16
17
18
19
20
21
22
23
24
Western Europe
United Kingdom
Other Western Europe (incl. EEC).
Canada
Japan
Australia, New Zealand, and South Africa
Developing countries, total
..
.
Latin American Republics and other Western Hemisphere
Other countries in Asia and Africa
Communist areas in Europe and Asia
BALANCE (EXPORT SURPLUS +)
25
Total, all countries
26
Developed countries, total..
27
28
29
30
31
32
33
34
35
36
Western Europe.
United Kingdom
Other Western Europe (incl. EEC)
Canada
Japan
Australia, New Zealand, and South Africa
Developing countries, total
Latin American Republics and Western Hemisphere
Other countries in Asia and Africa
Communist areas in Europe and Asia
2,164 -2,689
500
734
737
491 -3,537
122
359
293
1,419
809
2,898
-122
-69
305
1,488
931
2,593
-784 -1,613 -1, 690
-1,418 -1,246 -3,211
295
452
555
755
32
723
-410
-289
66
807
116
691
-322
-261
135
621
-488
289 -1,012
-472
-1,494 -1,673
-179
-1,204
-766
-1,235 -1,715
-480
-280
-332
789
98
691
-357
-290
151
543
52
491
-523
-396
96
597
128
469
-462
-662
195
-3
-128
125
-422
-858
79
-144
151
84
-2
-36
-114
-108
153
198
-630
-380
-432
-578 -1, 133 -1,056
115
127
160
-295
-34
-261
-250
77
-12
1,056
1,524
671
350
333
398
437
572
158
257
-316
-48
268
323
733
589
935
315
356
118
232
84
249
162
236
218
219
215
357
6
152
131
126
-37
-279
43
-91
80
188
53
149
177
28
42
46
36
49
34
37
57
90
33
P Preliminary.
l. Annual data shown in this table match corresponding country and area data in table
193
9, lines 2 and 16; seasonally adjusted quarterly data shown in this table are computed from
corresponding unadjusted quarterly data represented in table 9, lines 2 and 16.
SUEVEY OF CUEEENT BUSINESS
June 1972
25
CHART 11
purchases of a new World Bank issue
and increased placements of Canadian
provincial issues in the United States,
encouraged by the favorable differential
Net Foreign Purchases
between Canadian and U.S. yields.
of U.S. Stock
According to data now available, the
outflow for U.S. direct investment
abroad in the first quarter was $995
million. Although this was an adverse
shift of $205 million from the fourth
quarter, the level was about $300 million below the outflows in the first quarters of 1970 and 1971. This reduction
may be related to the fact that foreign
affiliates plan to increase plant and
equipment expenditures only 7 percent
in 1972, the smallest increase since 1968. .4 -i.
A $145 million increase in net foreign
purchases of U.S. securities, to $1.1
billion, partly offset these unfavorable
shifts. Practically all of the shift was -.4
69
72
1967
70
accounted for by foreign buying of
U.S. stocks, which rose to a high of
NOTE.-Data plotted for 1967 exclude United Kingdom transactions
which were affected by liquidations from British Government
$680 million (chart 11). About $100
holdings of U. S. stock.
million of this inflow was associated
72-6-11
with a transfer of a U.S. company's U.S. Department of Commerce, Bureau of Economic Analysis
stock to foreigners related to a direct bonds of U.S. federally sponsored
investment acquisition abroad (an out- agencies by foreign official reserve
flow). Net foreign purchases of U.S. authorities are excluded from this
bonds rose slightly to $385 million. account.) Foreign purchases of new
(Eeported purchases of nonguaranteed
(Text continued on page 55)
1972, increased purchases of foreign
petroleum associated with the steppedup air and sea activity in Indochina,
and increased purchases of major equipment, particularly from the United
Kingdom and Canada.
Long-term capital flows
Net U.S. Government capital outflows and changes in nonliquid Government liabilities to foreigners other than
official reserve agencies totaled $385
million in the first quarter, a decline of
$150 million from the fourth quarter
outflow.
On the other hand, there was a $1.0
billion unfavorable shift in the net longterm private capital accounts. Foreign
direct investment in the United States
moved adversely by $515 million to an
outflow of $335 million. Most of the
outflow was to Japan, as trading company branches here transferred funds
home, perhaps reflecting first quarter
anticipations of a further rise in the
yen's value. Net U.S. transactions in
foreign securities shifted unfavorably
by $460 million, from $70 million net
sales in the fourth quarter to $390 million net purchases. Most of the first
quarter outflow was accounted for by
Table C.—Net Change in U.S. Corporate Foreign Assets and Liabilities
]
[Millions of dollars, seasonally adjusted]
Line
Credits (+) ; debits (— ) (lines in tables 2 and 3 in which transactions
are included are indicated in ( ))
1 Direct investment (39)
2
3
4
5
6
Direct investment net of corporate foreign borrowing
Other corporate claims, total
Long-term (44)
Short-term, non-liquid (45f) 3.
Short-term, liquid (46)
11
Total net corporate capital flow
12
13
14
15
16
4
Addendum:
Uses of funds obtained through new issues of securities sold abroad
by U.S. corporations
Additions to, and refinancing of, direct investment (8~9\)
Short-term claims reported by U.S. residents other than banks
U0t)~
Reduction in corporate liabilities to foreigners
(50^,51 t)
Transfers of funds to U.S. residents (£6f)5
2,023
2,921
822
1,112
1,029
701
293
987
II
—356
—424
-265
333
7
—187
—84
—196
-360
-15
III
IV
IP
1971 IV19721
-1,010 -1,290
-994
-1,277
-1,410
-788
746
889
99
347
350
590
254
163
122
267
366
193
299
199
325
263
72
225
-117
«368
309
-43
^20
166
254
365
317
206
-424
351
822
I
II
IV
835
—309 —1 136
— 109
—300
-521
—360
-878
in
451
-828
—394
—136
—138
-95
-178
—111
—136
—129
7
-121 -1,191
76
—64
-73
213
-12
-198
-740
-400
-148
—11
-31
-34
— 159
-126
-163
-138
-228
-175
—45 —1 500 —1,037 -1,380
-598
-888
«S68
809
-69
—272
1 178
—831
168
-99
—64
267
193
—68
—147
-225
-21
-14
—85
-14
-48
—189
-90
—38
—412
-320
150
-107
—505
—205
-930
242
-1,060
-33
-98
—966
-43
36
12
72
—309
135
-506
6
202
-882
-12
-66
-33
—1 587 —1 788 —4 515
1 029
—631
Change :
1,386
«. 1, 173
233
-1,231 -1,479 -3,379
p Preliminary.
f Portion of line.
1. Excludes claims and liabilities of U.S. banking and brokerage institutions.
2. Excludes funds obtained abroad by U.S. corporations through bank loans and other
credits and also excludes securities issued by subsidiaries incorporated abroad. However,
securities issued by finance subsidiaries incorporated in the Netherlands Antilles are treated
as if they had been issued by U.S. corporations to the extent that the proceeds of such issues
are transferred to U.S. parent companies.
3. Excludes brokerage transactions.
4. Corporate foreign borrowing may not be entirely related to direct investment but may
468-387 O - 72 - 4
I
-3,254 —4,400 —4,765 —1,279 -1,229
Corporate foreign borrowing, total..
New issues of securities sold abroad by U.S. corporations (49f) 2—
Other long-term liabilities (50)
..
Short-term liabilities (51f) 3_
7
8
9
10
1971
1970
1972
19 71
19 70
1969
199
-178
817
—90
—109
-100
—18
63
263
-124
-34
-85
-70
225
-44
-29
-38
-114
-73
-53
-32
-210
-74
101
-161
-79
-206
-336
-59
-115
-162
-542
252
-40
239
53
-290
-59
4
-108
82
181
also include funds borrowed to finance trade or for domestic use. The amount of such nondirect investment related borrowing cannot be disaggregated.
.
5. A (-) reflects a decline in foreign deposits and money market paper held in the United
States.
6. Includes $11 million of proceeds from a new issue of stock sold abroad by a U.S. corpora7. 'Excludes an increase in U.S. corporate long-term claims of $286 million that was associated with increased foreign direct investment in the United States.
NOTE.—Details may not add to totals because of rounding.
SUEVEY OF CUKKENT BUSINESS
26
June 1972
Table 1.—U.S. Balance
[Millions of dollars,
Line
Reference
lines
(table 2)
(Credits +; debits -)
1
2
3
Merchandise trade balance *
Exports
Imports
4
5
Military transactions, net
Travel and transportation, net
6
7
8
9
Investment income, net 2
__
U.S. direct investment abroad
Other U.S. investment abroad
Foreign investments in th e United States
10, 11
Other services, net
7, 8, 9,
21, 22, 23.
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Balance on goods and services
_
31, 32_...
Balance on goods, services and remittances..
___
U.S. Government grants (excluding military) _
1964
1965
1966
1967
1968
1969
1970
1971
77
30
115
178
142
4,107
5,599
5,126
5,957
8,568
-628
-659
-712
-825
-866
3,479
4,940
4,414
5,132
7,702
301
286
7,098
5,170
-1, 028
-980
6,070
334
302
442
574
748
5,136
2,425
1,911
3,563
727
-1, 278 -1, 202 -1, 301 -1, 474 -1, 529
4,190
3,858
1,223
610
2,089
-802
-1, 664 -1, 853 -1,919 -1,917 -1, 888 -1, 808 -1, 910 -1, 802 -1, 707 -1, 644 -1, 734 -2, 045
30
Balance on current account 4
1,815
3,086
2,495
3,215
5,814
4,263
2,280
2,055
-484
-1,035
356 -2,847
U.S. Government
capital flows excluding nonscheduled repay- 34,35,36. -1, 158 -1, 621 -1, 775 -1,987 -1, 800 -1, 819 -1, 963 -2, 428 -2,538 -2, 106 -1, 829 -2, 117
ments, net.6
Nonscheduled repayments of U.S. Government assets . . . -.
54
244
225
680
221
429
269
-87
123
6
695
326
37
U.S. Government nonliquid liabilities to other than foreign official reserve agencies.
..-486
-2
-433
203
110
267
215
25
511
328
66
65
55
Long-term private capital flows, net -50 -1, 398 -4, 149
-2, 100 -2, 181 -2, 607 -3, 357 -4, 470 -4, 577 -2, 555 -2, 912
1,198
U S direct investment abroad
39 — 1, 674 -1, 598 -1, 654 -1, 976 -2, 328 -3, 468 -3, 661 -3, 137 -3, 209 -3, 254 -4, 400 -4, 765
Foreign direct investment in the United States
141
832
132
1,030
-67
86
258
319
73
-5
57
48
-5
-482 -1, 266 -1, 226 -1, 494
-942
-909
Foreign securities
-663
-762
-969 -1, 105
-759
-677
40
2,282
U.S. securities other than Treasury issues _
3, 112
2,190
282
909
4,389
324
134
-84
1,016
282
-357
49
-814
Other, reported by U.S. banks
430
525
477
198
-141
-121
9
413
-147
-853
41,52
-702
124
Other, reported by U.S. nonbanking concerns
68
495
526
277
-39
-523
-59
-196
-77
-129
44,50
149
Balance on current account and long-term capital 5 __ . .
31
32
Allocations of special drawing rights (SDR) 4
Errors and omissions, net
42
1963
2,841
3,654
4,052 4,153 4,875
5,294
5,375
5,888 6,220
5,975
7,995
6,259
3,430
3,844
2,945
5,162
4,019
4,687
5,374
7,340
7,920
5,956
9,455
6,519
994
12, 13 .
1,174
1,520
1,375
1,712
1,930
2,207
2,355
2,714
3,443
3,199
3,506
24, 25.... -1, 098 -1, 050 -1, 167 -1, 386 -1, 524 -1, 798 -2, 206 -2, 423 -3,013 -4, 564 -5, 167 -4, 903
26, 27.
Remittances, pensions and other transfers _
Nonliquid short-term private capital flows, net
Claims reported by U.S. banks
Claims reported by U.S. nonbanking concerns
Liabilities reported by U.S. nonbanking concerns
34
35
36
37
38
39
40
41
1962
3, 17
-2, 752 -2,596 -2, 449 -2, 304 -2, 133 -2, 122 -2,935 -3, 138 -3, 143 -3, 344 -3, 374 -2, 894
-964
4,5,6,
-978 -1, 155 -1, 312 -1, 149 -1, 318 -1, 380 -1, 763 -1, 565 -1, 784 -2,061 -2, 432
18, 19, 20.
3
27
28
29
30
33
1961
4,906
5,588 4,561 5,241 6,831 4,942 3,824
3,817
612
621
2,164 -2, 689
19, 650 20, 107 20, 779 22, 252 25, 478 26, 438 29, 287 30, 638 33, 576 36, 417 41, 963 42, 770
-14, 744 -14, 519 -16, 218 -17, Oil -18,647 -21, 496 -25, 463 -26, 821 -32, 964 -35, 796 -39, 799 -45, 459
2
16
__
1960
-1,174
. ..
-104
-220
-180
296
-522
-645
-376
499
230
-44
-485
759
63
64 -1,098 -1, 054 -1, 206
-476
-302
-881
-399
6
_ _ _ _._
-4 -1,846 -1,744 -3,280 -1,444 -3,011 -3,059 -9,374
-154
-200
-103
149
Net liquidity balance
Liquid private capitalflows,net
- _ ...
Liquid claims..
_. - ..
Reported by U.S. banks
Reported by U.S. nonbanking concerns _ .
Liquid liabilities
. _.
___
To foreign commercial banks
To international and regional organizations
To other foreigners
_ . . ___
4 -1,003 -1,292
e 1, 405 6 -1. 200 6 -657 6 -968 -1, 642
42 6 -951 « -1, 005 6-358 6 -747 -1, 333
-422
45 6 -363 6-371 6-187
-198
-91
-112
176
113
-23
51
43
46
56
_ . . __
Official reserve transactions balance - - -
-455
-1, 048
-482 -2, 420
-640
-658 -1, 023 -1, 807
-361
-555
-73
902
-58
91
867
717
-2, 470 -1, 174 -10, 927
-3,676 e-2,251 e-2,864 6-2,713 -2,696 -2,477 -2, 151 -4,683 -1,610 -6, 122 -3,851 -22,002
6903
6273
6 -35 6-180
6 -44 6 -120
6 -60
69
1,083
308
586
140
407
335
90
-167
6214
6
_1
634
6-35
215
-138
212
141
6779
6159
6 -34
193
620
470
-235
385
1,162
-392
-191
-201
1,554
1,454
-243
343
1,188
1,057
525
532
131
116
-291
306
-3,403 -1,348 -2,650 -1,934 -1,534 -1,289
1,265
-207
-85
-122
1,472
1,272
-214
414
3,251
-558
-61
-497
3,809
3,387
48
375
8,824 -5,988 -7, 763
,252 -1,072
162
-566
-99
-209
-506
351
371
8,662 -6,240 -6, 691
9,166 -6, 508 -6, 908
682
181
-63
-465
-441
87
219 -3,418
1,641
2,702 -9,839 -29,765
452
1,806
-162
2,370
-14
136
-150
2,384
2,697
-525
212
Financed by changes in:
45
Nonliquid liabilities to foreign official reserve agencies reported
by U.S. Government
Nonliquid liabilities to foreign official agencies reported by U.S.
banks
Liquid liabilities to foreign official agencies
53
57
46
47
48
49
50
U.S. official reserve assets net
Gold
.
SDR
Convertible currencies
Gold tranche position in I MF
58
59
60
61
62
43
44
199
54
-125
139
123
15
793
-38
-18 -1, 595
535
341
-836
-517
-810
7,637
-539
27, 615
-880 -1, 187
-967
1,173
2,348
866
-249
381
1,350
534
894
2,020 -3,101
1,258
742
918
9
1,673
149
1,075
2,145
1,703
606
857
1,533
890
377
461
171
125
1,222
1,665
442
-116
-135
17
626
-113
29
-220
266
-349
-94
814
-540 -1,024 -1,183
-94
-870 -1,034
537
2,477
787
-851
2,152
389
568
571
52
1,170
Memoranda:
51
52
53
54
Transfers under military grant programs (excluded from lines 2,
4, and 14)
Reinvested earnings of foreign incorporated affiliates of U.S.
firms (excluded from lines 7 and 20)
Reinvested earnings of U.S. incorporated affiliates of foreign
firms (excluded from lines 9 and 21)
Liquidity balance, excluding allocations of SDR
14,28
1,765
1,465
1,539
1,562
1,340
1,636
2,073
2,451
2,869
2,856
2,586
3,153
1,266
1,054
1,202
1,507
1,431
1,542
1, 739
1,598
2,175
2,614
2,885
n.a.
174
238
214
236
327
358
339
440
488
431
434
n.a.
56, 57, 58, -3, 711 -2, 431 -2,666 -2, 670 -2, 800 -1,335 -1,357 -3,544
63.
NOT SEASONALLY ADJUSTED
55
56
57
58
59
60
Balance on goods and services
Balance on current account
Balance on current account and long-term capital ®
Net liquidity balance
See footnotes at end of table.
172 -6,958 -4, 741 -23,989
SURVEY OF CUREENT BUSINESS
June 1972
27
oi Payments Summary
seasonally adjusted]
1960
I
II
873
1962
1961
I
IV
III
II
IV
III
I
II
1964
1963
I
IV
III
II
IV
III
I
II
Line
IV
III
1,301
1,681
1,261
1,223
1,553
1,715
959
1,008
1,379
1,606
1,829
5,332
5,593
6,631
5,666
6,233
5,335
5,035
5,058
5,935
6,197
6,417
-4, 074 -4, 109 -4, 076 -4, 050 -4, 214 -4, 365 -4, 382 -4, 404 -4, 591 -4, 736 -4, 916
1
2
3
4,684
-3, 811
1,062
4,916
-3,854
1,386
5,032
-3,646
1,585
5,018
-3, 433
1,705
5,095
-3, 390
1,373
4,806
-3, 433
1, 233
5,037
-3, 804
1,277
5,169
-3, 892
1,118
5,077
-3, 959
-710
-246
-680
-250
-713
-232
-651
-237
-700
-240
-669
-238
-594
-254
-633
-247
-660
-250
-574
-283
-607
-281
-606
-340
-576
-339
-553
-294
-599
-341
-577
-338
-540
-255
-586
-298
-507
-300
-499
-296
4
5
656
711
235
721
721
278
799
783
269
870
844
280
855
816
294
900
882
284
900
863
323
996
947
346
1,149
1,096
1,047
1,015
1,096
1,070
1,231
1,178
1,205
1,151
1,263
1,171
1,179
1,186
357
989
957
369
1,023
939
355
465
397
-279
-278
-253
-254
931
888
317
1,005
-290
665
730
214
-255
-266
-274
-286
-289
-297
-297
-325
-337
-351
-371
-370
-375
-373
-404
6
7
8
9
31
21
17
10
16
21
-8
-1
34
40
21
20
52
47
32
44
17
51
39
32
10
1,179
1,506
1,651
1,342
1,277
1,327
1,142
1,449
1,352
1,182
1,192
1,568
1,416
1,778
2,282
1,978
2,176
2,131
11
-158
-164
-167
-182
-176
-175
-178
-216
-199
-205
-205
-209
-210
-221
-228
12
1,184
1,113
1,160
960
1,273
1,177
1,004
976
1,369
1,211
1,573
2,073
1,768
1,955
1,903
13
14
604
818
-152
-151
-157
-169
-172
452
667
1,022
1,337
1,479
-358
-400
-443
-463
-458
-467
-437
-492
-515
-444
-457
356
-504
-422
-471
977
397
397
423
429
-497
-528
-445
-500
-461
-482
94
267
579
874
1,021
717
676
668
445
829
720
500
554
898
714
1,045
1,628
1,268
1,494
1,421
15
-254
-345
-186
-373
-397
-166
-492
-567
-412
-442
-468
-452
-505
-688
-329
-465
-335
-419
-447
-598
16
17
5
24
7
5
634
6
51
1
58
476
145
26
34
241
25
52
33
31
7
17
181
-1
44
-10
-14
6
42
18
-21
89
116
31
136
178
166
136
37
32
122
-325
-262
-520
-434
-871
-635
-458
-496
-392
-284
-10
-685
-336
-459
-272
41
-630
-498
-782
-530
-737
-462
-120
-135
-246
-124
-257
-196
-308
-170
-119
-58
7
-37
-38
6
-87
-23
9
-37
-789 -1, 156
-455
-620
-451
-334
26
-728
-429
-967
-492
20
32
-646
-483
-£43
-407
-304
187
-384
-343
40
-266
170
13
2
-346
6 -102
6 -132
635
-5
-111
118
-65
-9
5
-26
-7
-399
-59
6 -188
6 -55
6 -80
-53
-227
-303
6 -675
6 -890
6315
6280
6 -27
629
624
53
59
-166
6 -580
6 -519
6-55
-11
-11
-69
-25
104
83
-34
157
-373
3
-19
-18
799
-414
6 -535
6 -245
6 -263
6 -361
6 -356
-81
6 -230
6 -182
6 -128
-27
76
80
-12
-287
-360
-458
67
6 -920 6-1,195
-6
-281
6 -62
2 -68
e -74
6
e -332
6 -220
6
-100
66
-14
145
e -277
e -247
e -62
6 -499
6-352
6 -125
32
-22
-304
-101
6 -679 6-1,124 6-1,007
77
6154
6150
-273
e -564
6111
6 -264
6200
631
6582
6 -36
6 -3
615
6-33
6 -5
-17
65
190
50
81
59
524
211
244
69
518
263
215
40
-172
-114
618
514
28
76
-828
693
-479
-739
-408
65
286
291
81
-86
66
66
6 -15
6 -10
6 -5
307
216
74
17
6
-18
89
-65
-291
-349
-249
-189
-360
-610
-982
-1,455
625
91
-33
54
6 10
6385
6 -139
6 -122
6
6599
681
676
6 -258
6
-119
653 6 -152
13
-49
6 -260
-19
6 -8
6
-5
152
-35
-11
-424
6 -423 6 -495
663
6 -476
8
-378
6
26
4
-240
-299
-311
-135
-11
744
22
-148
-626
26
-563
-475
-262
-233
-437
-305
-197
-380
-320
65
-84
24
27
28
29
30
40
-100
52
-87
53
103
17
20
-42
-154
-104
-474
-5
153
-587
353
114
54
6 -84
615
6 -312
e -314
e -198
6 -196
6 -374
e -252
637
-54
-69
-30
-63
65
-19
17
-47
-75
-408
-153
-123
-356
6 -942 6-1,287 6-1,022
627
675
29
-206
-24
-26
-93
5
-48
19
177
-320
-179
-276
-272
31
32
6 -201 6-208
693
-139
-419
-861
-1,278
33
-68
-82
-76
757
14
44
-86
56
-61
253
231
-24
46
549
117
181
-64
432
458
34
35
36
37
38
39
40
41
6114
6 -176
6123
6 -81
109
37
108
-36
625
89
194
183
-65
76
-95
251
190
-49
110
658
65
-30
-103
-13
86
6303
698
e -36
134
205
200
-108
113
115
-108
10
855
721
8
126
-915
-979
-947
-108
95
-207
-495
-312
-521
42
200
25
-68
-104
22
-63
-14
194
22
43
-15
26
295
44
162
15
33
64
586
44
45
46
47
48
49
50
6 -35
611
6 -17
100
-4
276
-512
-266
-107
-139
-360
-971
-1
-32
47
-536
14
30
-53
-480 -1,050
6-82
6 -65
6 -2
-238
-5
-522
6 -54
6 -37
636
625
6 -37
-27
't
-30
-494
14
-64
-57
18
19
20
21
22
23
24
25
-897 -1, 258 -1, 578
-664
-613
-588
6308
g(
-329
-268
-141
gg
201
435
242
384
457
-373
692
-29
-19
525
90
326
922
9
883
159
50
175
94
740
638
1,071
921
371
371
-320
-170
-213
146
768
510
427
304
-164
116
881
446
389
24
32
111
123
116
227
196
-5
38
-51
46
303
-73
70
-20
-151
172
109
81
162
-25
25
-161
124
-54
312
-114
-324
150
104
331
351
14
-33
-46
6
1
-28
59
-58
15
-228
258
118
-45
135
-205
-118
443
n.a
622
282
n.a
n.a
n.a
n.a
n.a
-646
-917
-988
418
n.a
n.a
-1, 164
324
11
543
n.a
n.a
n.a
n.a
-579
75
-483
247
n.a
237
44
-112
131
351
390
626
218
305
447
678
194
244
307
524
215
294
51
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.
52
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-824 -1,148 -1,257
-182
-88
-258
-718
n.a.
n.a.
n.a.
n.a.
n.a.
-669
-1,263
-926
-461
-459
n.a.
53
-535 -1,290
54
2,683
1,341
2,120
2,458
1,116
1,900
2,005
1, 368
687
-88
-815
-52
-305 -1,388 -1,412
-783
-676
-554
55
56
57
58
59
60
NOT SEASONALLY ADJUSTED
61£
47$
91
-3QC
-49$
)
917
752
342
637
476
59
1,937
1,770
1,322
-47C
-911
-677
-498
-1, 128
-1, 156
101
209
-1, 145
-1, 551
-327
-423
1,663
1,501
1,022
1,445
1,279
793
711
88
615
708
540
127
-876
-949
-714
1,784
1,619
1,145
-40
-1, 063
-826
1,215
1,043
506
-286
-672
111
1,573
1,389
921
696
517
87
1,642
1,466
981
-9
-390
-319
-844
-397
-950
-412 -1, 266 -1, 083
1,373
1,168
721
-792
-764
-341
1,710
1, 502
1,002
-686
-997
-996
610
401
-65
-295
-588
-452
2,263
2,060
1,557
482
-364
-145
2,423!
2,225
1, 752'
948
409
479
SUKVEY OF CUEEENT BUSINESS
28
June 1972
Table 1.—U.S. Balance of
[Millions of dollars,
1
2
3
Merchandise trade balance l
Exports
Imports
4
5
Military transactions, net
Travel and transportation, net
6
7
8
9
Investment income, net 2
U.S. direct investment abroad- Other U.S. investment abroad _ _
Foreign investments in the United States
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Reference
lines
(table 2)
(Credits+; debits-)
Line
-.
Other services, net
Balance on goods and services
_ . .
II
999
1,451
1,293
1,199
1,161
1,000
805
-469
-378
-531
-331
-534
-299
-588
-310
-681
-339
-711
-365
1,374
1,305
487
-418
1,402
1,354
503
-455
1,342
1,277
505
-440
1,175
1,225
437
-487
1,310
1,284
524
-498
80
74
82
65
1,606
2,065
1,884
-233
-303
-250
1,373
1,762
-411
-477
962
34, 35, 36
37
55
31,32
_ _
U.S. Government grants (excluding military)
30
Balance on current account *
U.S. Government
capital flows excluding nonscheduled repayments net 5
Nonscheduled repayments of U.S. Government assets
U.S. Government nonliquid liabilities to other than foreign
official reserve agencies
Long-term private capital flows, net
U.S. direct investment abroad
Foreign direct investment in the United States
Foreign securities
- -_ . _ _
._.
U.S. securities other than Treasury issues
Other, reported bv U.S. banks
Other, reported by U.S. nonbanking concerns _ -
39
48
40
49
41,52
44,50
Balance on current account and long-term capital *
31
32
Allocations of special drawing rights (SDR) 4
Errors and omissions, net
42
I
_
Nonliquid short-term private capital flows net
Claims reported by U.S. banks
Claims reported by U.S. nonbanking concerns
Liabilities reported by U.S. nonbanking concerns
34
35
36
37
38
39
40
41
IV
7,8,9,
21, 22, 23
Remittances, pensions and other transfers
27
28
29
30
33
III
10,11
12,13
24, 25,
26,27
-
_ ..
1967
I
II
858
1,019
1,243
1,116
439
-772
-346
-771
-331
-756
-369
-746
-498
-866
-515
-771
-380
1,368
1,339
544
-515
1,319
1,343
558
-582
1,377
1,407
581
-611
1,365
1,386
580
-601
1,350
1,369
581
-600
1,562
1,566
585
-589
1,609
1,635
609
-635
71
75
67
74
92
89
79
72
1,541
1,522
1,367
1,073
1,207
1,351
1,438
1,376
969
-241
-234
-233
-277
-236
-266
-387
-355
-270
1,634
1,300
1,288
1,134
796
971
1,085
1,051
1,021
699
-461
-459
-588
-484
-419
-419
-455
-462
-489
-397
1,285
1,173
841
700
650
377
552
630
589
532
302
-378
-541
-437
-463
-317
-509
-566
-571
-642
-539
-561
-683
10
26
6
171
182
-2
23
-130
3
-100
7
22
226
81
192
62
(*)
60
(*)
157
6
-8
(*)
-211
-1, 575 -1, 101 -1,113
-1, 245
-879
-635
44
85
-95
-198
-209
-147
57
-242
-227
-288
273
-76
14
-10
-11
-789
-709
22
-205
55
100
-52
-709
-728
52
-357
173
139
12
-317
-934
38
-60
520
158
-39
-741
-787
-917 -1, 082
-113
110
-54
-11
107
109
114
114
62
33
-492
-707
64
-259
133
220
57
-345
-518
70
-237
329
199
-188
-829 -1,245
-964
-947
112
12
-361
-409
34
520
-22
16
-82
17
-197
-518
-423
-147
-669
-506
-444
-138
-860 -1,837
81
29
-16
68
-6
9
-54
39
-32
-64
-15
47
-85
-42
-82
39
8
-13
-45
66
-103
-135
-25
57
-134
-131
-97
94
-206
-315
19
90
-145
-202
-126
183
-37
3
-172
132
38
44
III
IV
IV
III
.2 5,679 6,933 6,857
7,534
6,969
7,400
7,680
7,658
7,592
7,188
7,165
7,708
16 -4, 680 -5, 482 -5, 564 -5, 770 -6,027 -6, 165 -6, 595 -6, 676 -6, 661 -6,465 -6, 542 -7, 153
__ -
... .
Balance on goods, services and remittances
I
1966
II
3,17
4, 5, 6, 18,
19, 20.
3
1965
-955
--.
42
45
51
63
64
Net liQuidity balance
Liquid private capital flows, net
Liquid claims
Reported by U.S. banks
Reported by U.S. nonbanking concerns
Liquid liabilities
To foreign commercial banks
To international and regional organizations
To other foreigners
43
46
56
Official reserve transactions balance
-197
-174
-18
-5
-180
76
-30
-28
134
44
-94
-419
-7
-215
-227
159
-19
-309
-654
-1,108
-193
-622
-557
-723
-366
-434
-628
-887
-998
399
406
108
298
—7
-45
-66
104
379
386
199
187
-63
-26
82
641
103
48
55
538
523
-57
72
-231
162
170
-8
-393
-299
-142
48
287
8
68
-60
279
208
-38
109
220
65
37
28
155
444
-355
66
995
_2
47
-49
997
930
-24
91
868
-85
-16
-69
953
1,115
-108
-54
-878
17
-41
58
-895
-939
-36
80
324
129
53
76
195
261
-78
12
-709
186
19
-788
-436
-146
561
240 -1,765
-674
-967 -1,830
1,027
-72
-122
50
1,099
1,059
-55
95
792
-281
25
-306
1,073
891
-45
227
60 -1,038
Financed by changes in:
43
44
45
46
47
48
49
50
123
Nonliquid liabilities tp foreign official reserve agencies reported
by U.S. Government
Nonliquid liabilities to foreign official agencies reported by U.S.
banks
Liquid liabilities to foreign official agencies
54
-8
-8
-8
148
32
-19
16
-14
19
-13
323
53
-21
-29
-16
28
48
282
88
375
304
596
-196
190
57
-104
-217
-36
341
-68
-185
-747
-595
415
510
188
906
U.S. official reserve assets, net
Gold
.
58
59
60
61
62
842
832
68
590
41
124
271
119
424
68
68
209
82
173
-6
121
1,027
51
-419
15
-375
92
-181
1,012
-58
68
-56
-466
-413
330
178
-26
222
134
-163
22
-426
335
-173
46
1,007
-31
-424
-10
-462 -1,145
-48
-5
14,28
372
666
274
324
282
784
362
644
655
724
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.
n.a.
n.a.
-731
156
-543
-219
-635
-38
-332
-352
-547
-286
SDR
Convertible currencies
Gold tranche position in IMF
Memoranda:
51
52
53
54
Transfers under military grant programs (excluded from lines
2, 4, and 14)
Reinvested earnings of foreign incorporated affiliates of U.S.
firms (excluded from lines 7 and 20)
Reinvested earnings of U.S. incorporated affiliates of foreign
firms (excluded from lines 9 and 21)
Liquidity balance, excluding allocations of SDR
56, 57, 58,
63.
541
531
n.a.
n.a
n.a.
n.a.
n.a
n.a.
-912 -1,798
NOT SEASONALLY ADJUSTED
55
56
57
58
59
60
Balance on goods and services
Balance on goods, services and remittances
Balance on current account
Balance on current account and long-term capital 5
Net liquidity balance
Official reserve transactions balance
1,782
1,561
1,121
-699
-499
40
p Preliminary. *Less than $500,000 (±). n.a. Not available.
1. Adjusted to balance of payments basis; excludes exports under U.S. military agency
sales contracts and imports of U.S. military agencies.
2. Includes fees and royalties from U.S. direct investments abroad or from foreign direct
974
2,131
2,210
719
1,893
1,897
1,380
1,461
299
-897
32
-287
-115 -1, 138
-726
-1,
121
69
-278
1,693
1,473
855
-158
-77
340
1,499
226
1,254
-56
724
-432
-351 -1,268
-410
-866
-392
403
1,753
1,517
1,266
1,520
1,134
781
35
-488
-525
-798
-132 -1, 279
1,551
484
1,585
1,284
123
1,186
923
-323
676
-82 -1,478 -1, 230
-822 -1, 368 -1,968
-20 -1,409
-710
investments in the United States.
3. Equal to net exports of goods and services in national income and product accounts of
the United States.
4. The sum of lines 15 and 31 is equal to "net foreign investment" in the national income
SURVEY OF CURRENT BUSINESS
June 1972
29
Payments Summary—Continued
seasonally adjusted]
1968
II
III
IV
117
7,938
-7, 821
237
8,371
-8, 134
314
8,882
-8,568
-56
8,385
-8,441
-801
-397
-769
-364
-755
-433
1,430
1,458
668
-696
1,629
1,690
683
-744
100
90
I
1970
1969
II
III
IV
-88
7,488
-7, 576
-84
9,484
-9, 568
303
9,574
-9, 271
490
9,871
-9,381
-817
-369
-791
-465
-859
-413
-780
-438
1,623
1,676
722
-775
1,539
1,696
643
-800
1,543
1,728
744
-929
1,508
1,805
781
-1,078
92
17
108
115
I
1,464
1,893
813
-1, 242
113
II
I
-907
-428
1,460
1,913
862
-1,315
1,592
2,047
889
-1,344
105
141
-818
-533
I
IV
III
500
734
10, 565
10,231
-9, 731 -9,831
-915
-469
1971
IP
IV
III
II
Change—
1971 IV- Line
19721
-472 -1, 494 -1, 673
737
289 -1, 012
193
9,564 11, 809
10, 705 10,462
11,017 10,710 11,479
-9,968 -10, 269 -10, 728 -11, 722 -11,951 -11,058 -13,482
-881
-599
-767
-501
1,579
1,457
1,633
2,000
1,889
1,985
850
890
878
-1, 322 -1, 284 -1,217
127
1972
153
-665
-498
-698
-625
-724
-606
2,191
1,711
1,798
2,060
2,464
2,163
852
877
833
-1, 139 -1, 106 -1,304
154
212
180
-807
-703
-866
-643
2,295
1,836
2,770
2,271
881
930
-1, 356 -1, 365
-179
2,245
-2,424
1
2
3
-59
60
4
5
-459
-499
49
—9
6
7
8
9
10
182
172
199
27
449
823
841
314
307
267
662
671
898
967
989
712
1,136
36
91
-537
-1,147
-610
11
-277
-270
-350
-306
-295
-338
-331
-339
-350
-379
-379
-366
-355
-369
-402
-404
-387
17
12
172
553
491
12
-71
331
332
548
588
610
346
781
-333
-311
-941
-1,534
-593
13
-362
-422
-435
-488
-344
-521
-371
-408
-415
-394
-442
-483
-436
-477
-544
-588
-560
28
14
15
8
-190
131
56
-480
-332
-592
-40
-76
133
194
168
-137
345
-810
-855
-1,529
-2,094
-565
-748
-632
-625
-532
-462
-666
-539
-439
-512
-470
-406
-442
-609
-681
-442
-385
-287
98
16
42
-18
3
170
55
1
169
-43
44
-75
34
98
-154
-15
-11
258
88
-38
114
-207
2
80
40
-268
4
-97
102
-5
72
-188
48
-196
45
-143
-3
53
17
18
555
-456
251
-347
839
80
188
431
-843
5
-105
1, 122
74
178
30
-1,033
23
-259
1,115
153
31
183
-876
41
-515
1,312
123
98
561
-926
246
-365
1,388
127
91
-908
-999
164
-499
365
40
21
-379
-899
152
-506
396
259
219
675
-430
270
-125
963
51
-54
-922
-236
-1, 279 -1, 229
104
491
-210
93
304
374
31
68
354
-259
-191
-882
245
-488
720
44
170
-922 -1,605 -1,883
-49
-1, 010 -1, 290 -1, 277 -1, 410
1
-374
190
124
-372
-361
-337
-249
792
196
559
606
-214
55
-127
-308
173
61
261
-148
260
-788
181
73
921
-165
38
-762
-994
-335
-388
1,066
6
-117
-1, 022
-206
-516
-461
145
171
-155
19
20
21
22
23
24
25
-359
103
-483
-703
-264
-2,034
-1,127
407
-1,251
-605
-347
-856
-1,279
-2,999
-3,296
-1,802
-3,241
-1,439
26
-116
-63
-106
53
371
270
-167
268
-182
-297
-112
227
157
46
-100
211
-105
-94
72
-83
-326
-318
-88
80
-5
-97
-21
113
-204
-149
-36
-19
-247
-227
-120
100
-56
-196
-28
168
42
-105
-64
211
-221
-495
-149
423
-534
-139
-133
-262
-315
-91
-145
-79
-883
-892
-147
156
-688
-685
-130
127
-529
-566
34
3
159
119
164
-124
27
28
29
30
-329
-534
354
116
-1, 012
-719
-942
203
217
-51
217
-410
217
-677
216
-37
180
-944
179
179
179
-2, 586 -5, 380 -2, 018
178
480
-1
2, 498
31
32
-804
-60
-311
-436
-1,381
-3,079
-2,074
406
-1,332
-854
-765
-898
-2,577
468
-70
89
-159
538
455
79
4
1,991
-325
43
-368
2,316
2,299
-86
103
687
-105
-61
-44
792
729
19
44
106
-58
-132
74
164
-96
36
224
2,711
-241
-115
-122
2,952
3,062
-88
-22
3,961
130
-17
147
3,831
3,894
82
-145
1,578
131
-44
175
1,447
1,581
9
-143
574
142
-29
171
432
629
-66
-131
-336
1,931
376
-330
1,330
882
-496
980
-2,793
240
619
399
548
81
-180
-125
63
-266
735
-12
77
-8
116
150
131
137
-43
-195
-390
-208
-154
-235
-233
-188
-201
-924
-2, 563
-335
721
-1,320
-208
1,697
-681
2,949
760
1,530
2,397
4,952
904
1,362
-137
22
-571
-74
-1,076
-137
-48
56
-299
-317
-686
-11
-154
-695
-401
-57
267
-426
-474
-23
-575
-364
-73
-31
246
-228
-442
-233
1,083
-542
264
-44
-270
831
-253
805
14
-254
818
227
584
395
-251
34
406
824
422
—76
469
9
682
109
—55
373
255
-1, 461 -1, 211 -1,104 -2, 212 -2,848
285
-4
-151
122
-272
150
-40
-118
-91
-94
135
-33
36
213
-178
-1, 746 -1, 060 -1, 100 -2, 334 -2, 576
-1, 737 -1, 119 -1, 034 -2, 618 -2, 928
142
83
-125
81
280
-151
184
-149
72
203
-2,065
-1,869
-3,110
-5,425
-5,721
-745
95
32
63
-840
-892
198
-146
-4,329
-3, 112
1,217
33
-2, 551 S-l, 619
-555 ^-340
-392
-112
-163
-228
-1, 996 -1, 279
-1, 775 -1,313
55
149
-21
-370
-165
-693
-518
-175
' 528
438
29
61
1,454
-353
-406
53
1,807
1,751
-26
82
34
35
36
37
38
39
40
41
42
-9,380
— 6,466 -11,931
-5,948
-3,277
2,671
-8
-9
366
280
-86
43
-160
-173
-5
-4
1
44
5,975
10, 919
5, 774
2,572
-3, 202
45
659
456
17
-66
252
1,194
300
—29
72
851
-187
1
—182
2
-8
429
544
-178
64
-1
616
543
4
62
7
46
47
48
49
50
596
583
966
564
822
640
576
661
673
676
735
778
701
939
932
-7
51
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.
52
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.
n.a
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
53
-518
384
114
191
-1,584
-3,324
-2,458
403
-1,684
-722
-1,231
-1,103
-3,238
-5,973 -10,296
-4,487
-3,707
780
54
-1, 078
-1,044
-1,081
-3, 295
1,101
3,334
55
56
57
58
59
60
725
830
NOT SEASONALLY ADJUSTED
735
474
81
-338
-499
91
1,041
758
288
-77
-206
1,550
-261
-617
-1,007
-1,586
-965
72
91C
607
154
557
60
-72
703
425
51
-19
-1, 019
1,711
489
138
-431
-2,245
-3,488
1,204
-549
-887
-1,214
-2, 416
-2, 631
-1, 041
1,267
931
557
1,664
1,015
827
1,260
1,221
930
829
486
388
-1,263
-988
-508 -1, 699
-1, 974 -2, 067
and product accounts of the United States.
5. Includes some short-term U.S. Government assets.
6. Coverage of liquid banking claims for 1960-1963 and of liquid nonbanking claims for
1960-1962 is limited to foreign currency deposits only; other liquid items are not available
-321
296
1,509
1,402
251 -1,330
-104
-710
1,039
1,174
-131 -1, 743
-657
591
-1, 110
709
-655 -2, 246
23
-1, 597
787 -1,262 -3,466 -4, 672
-180 -1, 858 -6, 612 -10, 066 -3, 466
-1, 463
-2, 611 -3, 186 -4, 718 -6, 462 -12, 703 -5, 882
-782
-1, 148
-1, 738
-3,272
-2,365
-2, 548
separately and are included with nonliquid claims.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SURVEY OF CUKKENT BUSINESS
30
June 1972
Table 2.—U.S. International
[Millions
Line
(Credits+; debits-) 1
1 Exports of goods and services 2
2
3
4
5
6
7
8
9
10
11
12
13
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
Other transportation
Fees and royalties from unamliated foreigners.. _
Other private services
U. S. Government miscellaneous services
_.
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
27 490
28, 772
30 508
32 603
37 281
39 408
43 277
46 177
50 603
55 502
62 870
66 133
19, 650
20, 107
20, 779
22 252
30 638
1 240
1 646
33 576 36 417
1 392 1 512
2 058
1 775
*411
'450
2 537
2 662
41 963
1 478
2 319
'544
3 083
42 770
1 922
2 457
335
919
175
_.
1 607
247
466
153
_
Eeceipts of income on U.S. investments abroad:
Direct investment fees and royaltiesDirect investment interest, dividends and branch earnings 4
Other private assets
U.S. Government assets
590
2 355
646
348
14
Transfers of goods and services under U.S. military grant programs, net
15
Imports of goods and services
1,765
402
947
183
1 620
244
500
164
662
2 768
656
957
191
657
1 015
1 764
256
491
195
25 478
747
26 438
29 287
829
830
1 207
205
241
1 380
1 898
2 076
2 144
301
567
265
335
633
285
353
702
326
1 013
3 674
1 256
1 199
3 963
1 421
1 329
4 045
1 614
273
529
236
800
890
3 044
793
381
904
471
3 129
1 022
1,465
1,539
1,562
498
456
1,340
271
1 590
*317
2 292
509
593
1,636
2,073
371
2 421
454
872
353
501
985
378
1 546
4 973
1 949
638
765
2,451
2,869
398
818
335
1 438
4 517
1 717
615
3 093
621
579
1 096
1 353
383
404
1 682
5 658
2 267
1 919
6 001
2 597
2 169
7 286
2 556
909
887
2,856
2,586
3,153
932
—23 383 —23 173 —25 382 —26 646 —28 713 —32 310 —38 108 —41 041 —48 178 —53 591 —59 307 —65 406
16
17
18
19
20
21
22
23
Merchandise, adjusted, excluding military ^
.
Direct defense expenditures
Travel
j
Passenger fares
Other transportation
Fees and royalties to unaffiliated foreigners
Private payments for other services _ _
.
U. S. Government payments for miscellaneous services
24
25
26
27
Payments of income on foreign investments in the United States:
Direct investment fees and royalties
Direct investment interest, dividends and branch earnings 4
O ther private liabilities
U.S. Government liabilities
- -
--
-
-
—14 744
—3, 087
—1, 750
-513
—1 402
—14, 519
-2, 998
-1, 785
-506
—1 437
-436
-426
-406
-40
---
-31
-35
-220
-511
-332
--
-46
-43
-194
-535
-278
-16, 218
—3, 105
—1, 939
-570
—1 558
-44
—385
-398
—17 Oil
—2, 961
-2, 114
-615
—1 701
—51
-362
-447
-61
—57
-185
-586
—339
-223
-701
-401
—18 647
—2 880
—2 211
—645
—1 817
—60
—396
—535
—67
-202
—802
—453
—21 496
—2 952
—2 438
-720
—1 955
—67
—335
—550
—26 821 —32 964 —35, 796 —39, 799
-4, 378 —4 535 -4, 856 —4, 852
—3, 207 -3, 030 -3, 407 —3, 973
-830
-885 -1, 080 —1, 215
—2 164
2 373 —2 467 —2 819
—114
-106
-76
—105
—120
-634
-425
-513
—377
—587
-736
—715
—642
—687
—758
-25 463
-3 764
-2 657
—755
—2 167
-45, 459
-4, 816
-4, 294
-1, 264
-3 039
-126
-743
-761
-94
—111
—62
—80
—101
-68
—64
-441
-621
-372
-381
-388
-417
—299
—942 -1, 221 -1, 382 -1, 843 —3, 269 -3, 591 -2,344
-702
—777 —1, 024 -1, 844
—598
—488
—549
28
U S. military grants of goods and services, net
—1 765 —1 465 —1 539 —1 562 —1 340 —1 636 —2 073 —2, 451 —2, 869 —2, 856 —2,586 -3, 153
29
30
31
32
Unilateral transfers (excluding military grants), net
U.S. Government grants (excluding military)
U. S Government pensions and other transfers
Private remittances and other transfers
.
__ -
—2, 292 -2, 513 -2, 631 -2,742 —2 754 —2 835 —2,890 —3, 081 —2, 909 -2, 946 —3, 207 -3,574
-1, 664 -1,853 —1 919 —1, 917 —1 888 -1 808 -1, 910 -1, 802 -1, 707 -1,644 -1,734 -2, 045
-541
-462
—441
-406
-406
-214
—235
-245
-262
-367
—279
-369
-988
—796
—895 -1, 012
-424
—414
—613
-837
—467
-563
-587
-659
33
34
35
U S Government capital flows net
Loans and other long-term assets
Foreign currencies and other short-term assets, net.
36
37
38
Repayments on credits:
Scheduled
Nonscheduled 5
Direct investments abroad 4
Foreign securities
41
42
43
Claims reported by U.S. banks:
Long-term
Short-term nonliquid
Short-term liquid
44
45
46
Claims reported by U.S. nonbanking concerns:
Long-term
- - - Short-term nonliquid
Short-term liquid
- - -
_ _ _ _
_ .
-- -
Foreign capital flows, net
- -
6
.,!..
-
—265
209
62
89
-16
182
594
123
651
221
803
429
997
6
1,114
1,282
^•87
1,474
1,879
244
225
269
-
Errors and omissions, net
6
-941
-755
—747 —1 333
6-34
—191
-232
—200
337
—220
136
-645
-85
358
-44
—61
—88
525
255
317
-658
-209
5,945
22,381
832
1,030
2,190
-67
2,282
532
2,120
2,467
1,697
2,983
3,317
383
3,320
6,852
9,414
5
- -
_ .._- - -
1,016
319
4,389
3,112
—38
113
88
149
2£
149
241
—38
180
296
188
793
8'
499
158
894
71'
759
72
534
701
91
160
-836
139
328
123
66
15
65
452
1,806
-162
—5
282
—84
1
—91
6
50
176
—5
3
—112
—13
—23
53
9
215
25
199
203
308
1,083
1 258
742
215
918
2,145
606
1,533
1,703
857
890
-125
511
-357
377
461
171
125
1,222
1,665
568
571
-113
-349
-540
29
266
-94
537
-1,098 -1,054 -1,206
-455
-1,048
-477
-302
-116
-135
258
110
3,809
-3, 101
17
626
442
- -
86
909
132
134
5
-73
371
57
73
324
-220
-565
175
-1, 023 -1, 807
gg
-566
12,309
193
-
141
282
267
351
902
23
-810
535
-433
-1,187
2,477
-967
787
-1,024 -1, 185
-870
-94
814
1,170
-881
-880
-399
-58
-249
-539
341
-486
8,662 -6,240 -6, 691
7,637 27,615
-517
1,173
52
-909
-109
-555
-506
- - -
- - - - -
162
-942
-586
-361
-424
- - -
Allocations of special drawing rights (SDR)
-126
6—358
6 34
-220
-485
-497
-
64
-482
-281
-376
—122
Transactions in U S official reserve assets, net
63
—759
—112
—180
-150
-
-
-153
-136
—951 6 — 1,005
6-44 6—120
-1, 266 -1, 226 -1,494
—677
—969 —1 105
—103
U.S. liquid liabilities:
To private foreigners
To foreign official agencies
- - -
—762
—485
—422
-201
56
57
661
326
-16
—198
Nonliquid liabilities reported by U.S. Government:
To foreign official reserve agencies
_ _
To other official and private foreigners
See footnotes at end of table.
599
680
-19
—132
6—187
6-35
54
55
Convertible currencies
Gold tranche position in IMF
-447
—127
6-371
6-60
Other U.S. nonliquid liabilities to private foreigners:
Long-term reported by U.S. nonbanking concerns
- _
Short-term reported by U S nonbanking concerns
Long-term reported by U S banks
Long-term liabilities to foreign official agencies reported by U.S. banks
Gold
579
695
-245
—40
6—363
6
9
- - -
50
51
52
53
SDR
583
54
—663
Direct investments in the United States * - - - - - - - - - - U S securities other than Treasury issues
59
60
61
62
—261
-1, 674 -1, 598 —1 654 —1, 976 -2 328 -3, 468 —3, 661 -3, 137 -3, 209 -3, 254 -4, 400 -4,765
.
48
49
58
—528
—3, 878 —4, 180 —3 426 —4, 459 —6, 578 —3, 793 —4, 332 -5, 657 -5, 383 -5,424 -6,886 -9,781
U S private capital' flows, net
39
40
47
-926 —1 094 —1 661 —1 676 —1 598 —1,534 —2, 421 —2, 268 —2, 193 —1,584 -1,892
— 1, 104
-1, 213 -1, 939 —2 129 —2 201 —2 375 —2 454 —2, 501 -3, 634 -3714 -3, 477 -3, 287 -4, 178
-
-1, 034
2,348
866
-851
2,152
-24<
389
1,350
867
717
381
-2,470 -1,174 -10,927
June 1972
SURVEY OF CURRENT BUSINESS
31
Transactions
of dollars]
V)60
196 2
1961
1964
1963
Line
I
II
III
IV
I
II
III
IV
I
II
III
IV
7,154
7,995
6,399
7,006
6,702
7,382
6,998
7,140
6,849
7,786
4,664
58
183
37
387
62
114
36
5,058
122
245
46
411
62
115
36
4,736
69
299
53
410
62
119
43
5,192
85
192
39
399
62
118
39
5,062
188
33
382
61
123
40
4,970
150
260
51
413
61
123
41
4, 718
89
299
57
398
61
126
41
5,357
93
200
43
426
61
128
43
134
518
147
59
135
564
157
57
145
520
160
88
176
753
183
145
150
640
184
65
163
621
197
91
159
642
197
61
191
864
216
164
II
III
IV
7,403
8,388
7,731
9,081
9,008
9,292
8,867
10,114
1
5,014
166
205
38
415
68
130
56
5,766
243
284
57
491
68
131
59
5,267
103
308
64
496
68
134
58
6,205
145
218
47
496
69
134
62
6,197
198
247
46
492
75
138
60
6,357
187
334
64
518
75
140
65
5,981
162
364
79
527
75
144
67
6,943
201
262
53
538
75
144
73
2
3
4
5
6
7
8
9
199
699
224
126
200
645
225
91
224
1,057
235
182
210
781
233
88
207
716
257
108
205
665
254
109
268
967
278
193
237
933
291
95
241
881
315
114
239
803
306
119
296
1,056
345
129
10
11
12
13
626
218
305
447
678
194
244
307
524
215
178
643
219
72
294
14
-6,422 -6,576 -6,445 -6,030 -6,678 -7,121 -6,818 -6,585 -7,172 -7,526 -7,431
15
-3, 946 -4,090 -3, 973 -4, 209 -3,934 -4, 232 -4, 320 -4, 525 -4,355 -4, 594 -4, 659 -5, 039
-810 -763
-763
-761
-725
-770
-748 -726
-747
-737
-699 -697
-414
-572
-341
-852
-831
-446
-509 -745 -387 -320 -549
-298
-202
-104
-94 -111
-99
-90
-191
-109
-235
-209
-177
-209
-392
-424
-474
-464
-454
-384
-437
-455
-389
-417
-419
-367
-13
-15
-11
-11
-11
-13
-13
-15
-15
-13
-15
-11
-92 -102
-82
-90
-104
-100
-87
-97
-97 -105
-97
-91
-92 -157
-137
-100
-164
-103
-135
-82
-75 -143
-99
-95
16
17
18
19
20
21
22
23
24
25
26
27
282
418
324
543
247
351
390
-6,065
-5,445
-5,335
-5,695
-6,141
-6,002
-5,939
-3, 835 -3, 863 -3, 558 -3,488
-781
-801
-769
-737
-281
-330
-471
-668
-101
-161
-170
-82
-326
-369
-339
-368
-10
-10
-10
-10
-100
-97
-120
-119
-64
-70
-110
-69
-3,404
-786
-284
-79
-335
-12
-95
-88
-3,464
-781
-463
-183
-364
-12
-99
-77
-3, 686 -3,965
-705
-727
-360
-678
-169
-75
-376
-363
-12
-12
-118
-115
-150
-91
-10
-49
-129
-65
-12
-42
-128
-68
-11
-55
-151
-76
-15
-44
-145
-80
-12
-43
-146
-84
-11
-47
-127
-77
-8
-60
-135
-68
-9
-48
-127
-69
-622
-282
-418
-324
-543
-247
-351
-390
-575
-418
-50
-108
-578
-417
-53
-108
-615
-448
-56
-111
-641
-480
-63
-99
-652
-486
-60
-106
-581
-413
-56
-112
-639
-475
-57
-108
-709
-538
-68
-104
-230
-238
-141
-390
-353
-150
-145
-234
-95
-339
-388
-142
-383
-409
-77
414
-309
-103
-467
-537
-14
-490
-684
-67
-397
-479
-48
132
17
108
5
160
24
183
7
98
5
192
634
78
6
210
51
-651
-738
-944
-1,545
-1,012
-992
-678
-1,497
-305
-266
-312
-166
-329
-111
-728
-120
-458
-135
-334
-246
-365
-124
-442
-257
-234
-196
-476
-308
12
6 -128
624
-66
6-18
-27
6 -337
e-74
-72
6 -468
625
82
6 -346
6 -10
-34
6 -156
-169
e -475
6 -122
-119
e -331
676
6161
6-3
-15
6 -28
615
-2
68
85
-12
6-137
6 -8
-2
6 -70
-24
e -164
-3
6 -184
6-33
-44
e-113
e -5
-66
6 -159
66
-31
6 -108
6-5
-49
634
66
6-17
65
690
844
507
79
159
469
1,152
688
363
526
40
170
59
118
53
5
-11
-11
20
104
32
152
-5
3
26
66
41
145
77
7
4
-5
1
3
-53
1
-5
-6
1
-1
-27
3
—3
76
1
-8
80
-1
26
-12
-4
35
32
-1
8
-22
176
-47
3
82
-10
-54
-8
96
444
-140
261
502
40
416
-437
480
-81
52
563
-295
225
927
159
175
740
1,071
371
-320
50
94
638
921
371
-170
109
81
102
150
—25
25
—161
11
6-19
I
5,249
206
188
43
464
64
125
52
622
-524
-381
-56
-87
IV
8,087
-6,089
-443
III
7,272
443
-8
-56
-127
-86
II
" 5, 513 4,960
127
' 96
228
284
206
279
52
59
37
442
441
417
64
64
64
122
121
123
52
48
44
-5,784
-8
-57
-124
-101
I
-13
-58
-160
-91
-16
-40
-139
-86
-14
-59
-156
-90
-626
-218
-305
-447
-652
-467
-59
-125
-609
-430
-58
-121
-661
-485
-59
-117
-652
-447
-69
-136
-446
-507
-151
25
-486
-75
-277
-657
29
-461
-561
-50
129
1
154
58
110
476
207
145
125
26
-1,024
-672
-36
6-2
-17
-41
-171
-104
-14
-77
-199
-110
-14
-53
-188
-111
-16
-46
-196
-110
-16
-38
-192
-109
-20
-65
-225
-123
-678
-194
-244
-307
-524
-215
-294
28
-708
-500
-66
-142
-675
-467
-63
-146
-706
-504
-64
-139
-671
-473
-67
-131
-752
-533
-66
-154
-654
-429
-72
-513
-678
-453
-75
-150
29
30
31
32
-725
-624
-266
-70
-444
-31
-405
-572
-100
-260
-527
68
-467
-703
73
-393
-605
22
-556
-540
-182
33
34
35
131
34
164
241
241
25
147
52
130
33
159
31
159
7
36
37
-16
-47
-171
-95
-520 -1,210 -1,068 -1,714
-343
-87
-601
-378
24
5
682 6 -270
625 e -65
-40
-23
646 6 -174
611
e -35
-583
-522
-283 -1,395 -1,313 -1,569 -1,193 -2,503
38
39
40
-707
53
-430
20
-625
-206
-491
2
-781
-494
-488
8 -494
658 6-36
-248
-425
620
-72
-196
-336
-239
-162
246
-382
-550
-121
41
42
43
158
-103
223
-27
-47
-176
-57
-49
-28
-271
-182
-96
-130
-144
99
44
45
46
-525
-536
-161
-100
27
-178
652 6 -321
625 6 -81
-116
616
6-17
-47
-22
1
50
-64
-59
1
-9
28
-26
835
749
1,305
508
421
-56
392
1,123
1,858
47
6
-23
8
6
-5
14
47
114
40
52
-87
103
17
-42
29
14
-27
-30
-24
-26
48
49
-15
-49•t
3
13
4
7
-54
2
-6
-30
3
4
65
24
9
-6
17
12
-5
-75
14
-5
5
10
26
(*)
19
8
44
-28
65
-1
15
-5
24
71
64
50
51
52
53
26
—1
-90
44
200
222
33
67
-61
37
-96
118
-1
289
-55
161
-7
-44
202
-24
-1
234
54
55
376
58
702
-538
22
577
-458
385
-51
494
397
276
141
925
50
321
32
151
226
-399
115
214
562
389
651
871
56
57
-213
768
427
-164
881
389
32
123
227
-5
-51
303
70
-151
58
146
510
304
116
446
24
111
116
196
38
46
-73
-20
172
124
-483
—54
312
—114
237
—324
44
104
331
351
14
-33
-46
6
1
—28
59
-58
15
-228
131
258
118
-45
135
-205
-118
59
60
61
62
-294
-653
-3
6100
63
-60
-233
-217
-588
-157
-364
79
-613
126
-166
-447
-719
27
7
-316
-173
-73
-27
64
SUEVEY OF CURRENT BUSINESS
32
June 1972
Table 2.—U.S. Internationa!
[Millions
Line
19 35
(Credits -f ; debits -)'
I
1 Exports of goods and services 2
2
3
4
5
6
7
8
9
10
11
12
13
Merchandise, adjusted, excluding military s_
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
Other transportation
Fees and royalties from unamliated foreigners
Other private services
,.
U.S. Government miscellaneous services ..
Receipts of income on U.S. investments abroad:
Direct investment fees and royalties
Direct investment interest, dividends and" branch earnings 4 _
Other private assets
U.S. Government assets.. , _
_.,
14
Transfers of goods and services under U.S. military grant programs, net
15
Imports of goods and services
..
II
19(57
19 36
III
IV
I
II
III
IV
I
II
III
IV
8,680
10 471
9 531
10 726
10 282
10 935
10 430
11 631
11 247
11 790
10 992
12 148
5,639
200
271
50
457
84
157
69
7 087
6 377
7 335
7 086
7 395
6 997
7 809
7 630
7 960
7 185
7 863
328
358
67
574
99
202
81
377
427
87
639
99
204
90
206
502
135
616
99
207
80
337
225
377
65
571
84
156
72
194
416
94
534
84
160
74
211
316
62
582
84
160
70
193
321
57
529
88
174
73
257
432
86
573
88
175
86
172
492
100
601
88
177
77
207
345
75
588
89
177
90
328
359
83
592
99
206
84
275
277
1,034
323
890
394
117
1 034
1 073
436
226
418
119
354
965
435
154
1,446
371
150
313
982
411
139
1,209
368
135
312
964
372
112
392
1,054
343
105
295
843
341
119
356
1,031
415
119
449
246
372
666
274
324
282
784
362
644
655
724
541
531
352
380
—6,898 -8, 261 -8,557 -8,595 —8,589 —9, 436 —10, 204 —9, 878 -9, 730 —10, 205 -10, 508 -10, 597
16
17
18
19
20
21
22
23
Merchandise, adjusted, excluding military 3
Direct defense expenditures
TravelPassenger fares
Other transportation
Fees and royalties to unamliated foreigners
Private payments for other services . . .
U.S,. Government payments for miscellaneous services
24
25
26
27
Payments of income on foreign investments in the United Stages:
Direct investment fees and royalties
Direct investment interest, dividends and branch earnings 4
Other private liabilities.
U.S. Government liabilities
—4,605 —5 491 -5 492 -5,908 —5 909 —6 265 —6 522 —6, 767 —6 605 —6 573 —6,398 —7 245
-676
-763
-794
-987 —1 085 —1 075 — 1, 106 —1,112
—719
—925
—975
—877
-406
-473
—495
-546
—627
—932
-866 —1, 327
—468
—424
—701 —1, 037
-140
-203
—255
-122
—128
—282
-141
—254
—159
-248
—145
—228
—477
—558
—516
-555
-437
—574
—513
-528
—555
—488
—547
—538
-19
—26
-26
-19
-26
-19
-19
—27
-17
—17
-17
—17
—99
-110
—111
-99
—105
—81
-85
-89
—92
—97
-88
—81
-183
-146
-121
-139
—144
—197
—208
-122
-168
—163
—151
-138
-20
-53
-18
-78
-220
-122
-224
-118
^15
-56
-231
-118
-15
-112
-269
-131
-16
—82
-264
-133
—15
—88
—17
—15
—83
-16
—67
—279
-134
-313
-138
—135
-365
-144
—16
—93
—352
-138
-333
-148
—15
-89
-17
-328
-138
-116
-370
-174
28
U.S. military grants of goods and services, net
-372
-666
-274
-324
-282
-784
-362
-644
-655
-724
-541
-531
29
Unilateral transfers (excluding military grants), net
-661
-830
—675
-670
-838
—775
-658
-619
-736
-909
-807
-628
30
31
32
U.S. Government grants (excluding military)
U.S. Government pensions and other transfers
Private remittances and other transfers
-440
-420
-431
—618
-510
-139
-159
-303
-446
-156
-205
-362
-161
-376
-121
-161
-485
—173
—530
—80
-165
-386
-147
-517
-135
—178
—351
—622
—225
-401
-304
-593
-300
-337
-646
-640
-510
-626
-653
-470
-114
-631
-582
-692
-583
-128
-645
-138
-1, 280
-781
-127
-733
141
—699
-94
-839
-144
152
10
165
6
-- -1,586
—525
-453
-1,228
-944
-147
-441
-209
-893
—205
33
.
_
U.S. Government capital flows, net
34
35
Loans and other long-term assets.
.
Foreign currencies and other short-term assets, net
36
37
Repayments on credits:
Scheduled
Nonscheduled 5
38
....
U.S. private capital flows, net
-
-
39
40
Direct investments abroad *
Foreign securities
._
-_
41
42
43
Claims reported by U.S. banks:
Long-term
Short-term, nonliquid
Short-term liquid
44
45
46
Claims reported by U.S. nonbanking concerns:
Long-term
Short-term, nonliquid
Short-term, liquid
47
—74
-
-1, 190
-198
_
-
Foreign capital flows, net
50
51
52
53
Other U.S. nonliquid liabilities to private foreigners:
Long-term, reported by U.S. nonbanking concerns
- Short-term, reported by U.S. nonbanking concerns
Long-term reported by U S banks
Long-term liabilities to foreign official agencies reported by U.S. banks
54
55
Nonliquid liabilities reported by U.S. Government:
To foreign official reserve agencies
To other official and private foreigners
56
57
U.S. liquid liabilities:
To private foreigners
To foreign official agencies
58
59
60
61
62
Gold
SDR
Convertible currencies
Gold tranche position in IMF
_
63
Allocations of special drawing rights (SDR)
64
Errors and omissions net
_
182
7
194
(*)
-459
-1,680 -1,189
-694
-1, 249
-1, 075
-60
-11
-54
-17
-29
-51
-49
36
-28
4
-61
-106
333
-70
1,120
954
38
520
12
66
157
152
441
—937 -1,257
-357
69
-286
-92
-643
-357
102
110
119
729
-162
107
-42
-16
-903
-259
153
-26
8
88
375
304
25
-38
28
-52
-55
146
65
68
832
590
-58
68
-56
-466
66
712
253
41
124
-413
330
-391
-633
697
271
40
-12
-85
-24
28
475
27
54
1,211
-598
-852
424
68
82
173
119
68
209
178
-26
222
134
-16<
32
-62
-437
22
-426
335
155
671
-199
-709
-8(
1,027
121
51
-1, 120
-361
-77
-47
-35
(*)
-228
-20
2,521
—K
183
55
331
-53
90
54(
1,331
-419
15
-42<
-427
-64
-496
-10
26C
-375
112
34
132
11
100
-126
760
1,30(
-181
92
-462
-85
190
-196
112
1,007
-3:
-710
-409
12
520
11
60
-175
46
-1,270 -2,262
2,425
90
20
596
282
358
(*)
70
329
&
67
48
178
6
1,816
71
57
28
40
-267
-181
61
134
12
29
39
12
-113
-96
-171
36
-79
52
107
16
47
31
-149
-107
-38
91
10
39
-35
-16
125
179
-344
64
133
—5
68
72
121
-403
-237
110
109
37
22
55
51
-936
1,316
44
—227
-29
268
(*)
-164
—95
-242
-96
-68
-41
-53
52
173
8
-5
173
-21
286
253
192
1
-14
-45
-68
-84
86
842
185
226
-85
-148
127
41
104
-20
-33
31
p Preliminary.
*Less than $500.000 (-L).
1. Credits, +: Exports of goods and services; unilateral transfers to U.S.; capital inflows
(increase in U.S. liabilities or decrease in U.S. assets); decrease in U.S.
official reserve assets.
Debits,-: Imports of goods and services; unilateral transfers to foreigners; capital
184
3
-6
-17
212
201
_
157
23
6
31
203
-1
-
—90
—41
143
117
-861
Transactions in U.S. official reserve assets, net
91
201
55
121
-367
-81
51
135
85
57
Direct investments in the United States *
U S securities other than Treasury issues
176
182
-77
—461
—112
-312
48
49
—82
1,012
t
-1, 145
54
-375
-48
outflows (decrease in U.S. liabilities or increase in U.S. assets); increase in
U.S. official reserve assets.
2. Excludes transfers of goods and services under military grant programs.
3. Excludes exports of goods under U.S. military agency sales contracts identified in Census
export documents, and imports of goods included under direct defense expenditures identified
SUEVEY OF CUEEENT BUSINESS
June 1972
33
Transactions—Continued
of dollars]
1970
19 59
1968
I
II
11,749
13,007
12,608
7,934
299
377
78
590
113
216
89
8,625
415
465
106
652
113
216
95
339
1,098
453
164
1972
19 71
Line
rv
I
II
I
II
I
II
13,239
11,724
14,658
13,829
15,291
15,037
16,280
15,220
16,333
16,208
17,224
16,324
16,376
17,414
1
8,294
339
548
140
668
113
220
83
8,723
340
385
88
628
113
220
86
7,440
390
437
82
506
125
245
86
9,866
380
558
113
729
125
246
109
8,932
404
631
163
730
125
247
91
10, 179
338
432
92
696
125
247
93
10,108
256
490
103
704
145
272
87
11, Oil
487
617
143
787
145
274
87
10, 026
303
716
181
823
145
275
101
10, 818
433
496
117
769
145
274
108
10, 905
475
521
124
732
155
337
107
11, 169
600
636
157
844
155
338
106
10, 739
429
747
190
848
155
339
104
9,957
419
553
144
669
155
339
88
11, 793
332
560
130
833
168
382
91
2
3
4
5
6
7
8
9
375
1,253
491
203
390
1,151
494
168
442
1,472
512
231
368
1,351
509
184
433
1, 308
563
229
412
1,330
569
194
468
1,669
626
326
421
1,614
639
198
496
1,331
662
241
466
1,357
648
180
536
1,700
649
290
478
1, 554
643
178
560
1,815
617
227
504
1,471
632
168
627
2,448
664
314
502
1,757
678
189
10
11
12
13
596
583
725
966
564
822
640
830
576
661
673
676
735
778
701
939
932
14
-11,014
-11,966
-12,869
-12,329
-11,021
-14,169
-14,378
-14,024
-13,777
-15,059
-15,541
-14,931
-14,699
-16,973
-17,654
-16,080
-7,682
-1,103
-508
-159
-562
-27
-126
-153
-8, 201
-1,112
-753
-291
-583
-27
-132
-141
-8,462
-1,147
-1, 239
-282
-620
-26
-127
-207
-8, 619
-1,173
-530
-153
-608
-26
-129
-257
-7, 317
-1, 198
-555
-197
-498
-30
-146
-156
-9,738
-1, 187
-875
-353
-635
-30
-150
-148
-9,166
-1, 221
-1, 382
-343
-647
-30
-146
-210
-9,575
-1, 251
-595
-187
-687
-30
-146
-201
-22
-106
-393
-174
-18
-84
-440
-184
-19
-92
-492
-156
-21
-107
-519
-188
-28
-101
-611
-185
-24
-99
-738
-192
-22
-99
-924
-188
-28
-117
-996
-212
-23
-125
-995
-204
-30
-97
-928
-243
-28
-98
-876
-273
-30
-120
-793
-304
-24
-177
-625
-320
-22
-137
-537
-390
-24
-160
-580
-512
-596
-583
-725
-966
-564
-822
-640
-830
-576
-661
-673
-676
-735
-778
-654
-753
-746
-756
-652
-920
-665
-710
-774
-833
-789
-811
-800
-906
-393
-92
-169
-470
-91
-192
-391
-122
-234
-453
-102
-201
-374
-99
-179
-569
-102
-249
-328
-104
-234
-373
-102
-234
-444
-100
-230
-442
-118
-274
-400
-122
-267
-448
-122
-241
-465
-124
-211
-524
-142
-240
IV
III
III
IV
III
-9, 459 -10, 018
-1, 180 -1,259
-622
-1, 035
-382
-224
-722
-598
-28
-28
-156
-163
-155
-161
IV
III
IP
-18,196
15
-9,841 -10, 481 -10, 430 -11, 947 -11, 816 -11, 266 -13,359
-1, 210 -1, 203 -1, 175 -1, 214 -1, 198 -1, 230 -1, 223
-693
-1, 138 -1, 690
-773
-771
-687
-1, 629
-245
-211
-385
-205
-255
-398
-419
-809
-682
-836
-786
-713
-733
-788
-32
-32
-32
-32
-35
-28
-28
-182
-208
-160
-187
-185
-155
-189
-210
-154
-162
-177
-235
-206
-215
16
17
18
19
20
21
22
23
-25
-147
-603
-622
-24
-164
-568
-614
24
25
26
27
-701
-939
-932
28
-916
-953
-956
29
-503
-138
-275
-553
-137
-263
-589
-142
-224
30
31
32
-743
-727
-525
-274
-470
-715
-649
-360
-482
-437
-353
-313
-667
-659
-318
-248
-304
33
-1, 171
130
-936
-102
-789
1
-818
34
-992
230
-987
-98
-702
-59
-797
16
-875
20
-925
-37
-704
44
-783
-43
-1,259
80
-1, 296
79
-730
6
-894
17
-913
107
34
35
257
42
308
3
208
55
341
169
249
44
336
34
267
-154
431
-11
284
88
412
114
304
2
473
40
508
4
456
102
335
72
581
48
457
45
36
37
-94?
-1,506
-1,339
-666
-347
-973
-105
140
70
149
-1,592
-1,360
-2,357
-824
-883
-1,940
-2,243
-997
-1,705
-2,210
-2,746
-2,876
-1,949
-2,908
38
-1, 028
-259
-541
-515
-1,006
-365
-1, 194
-499
-939
-506
-115
-125
-1, 564
-210
-1, 634
93
-767
-488
-435
-337
-1, 560
-361
-1,687
-372
-1,330
-249
-188
73
-1, 289
-388
39
40
49
200
-57
165
-118
39
4
-196
-192
133
118
-41
19
-543
-45
131
236
19
34
-469
-142
24
13
236
49
-461
-133
22
275
18
80
-850
-220
25
111
—2
-153
-377
22
-237
-481
-341
-200
-1,060
-245
-198
-310
-424
41
42
43
34
-47
-280
-32
-178
-409
-57
-49
-32
-165
-211
224
-82
135
-253
-80
-101
86
-13
54
194
-249
-161
344
-381
-54
-5
-12
-42
-103
-129
16
56
-64
-281
403
-33
-67
-324
-11
-160
-8
-31
-64
-143
-34
-264
-31
-74
100
-325
44
45
46
942
2,500
2,882
3,090
2,998
4,480
3,992
840
1,627
1,646
2,027
645
2,403
5,753
9,072
5,154
3,939
47
251
839
5
1,122
23
1,115
41
1,312
246
1,388
164
365
152
396
270
963
491
304
104
374
245
720
190
792
124
559
1
196
-374
606
181
921
-335
1,066
48
49
154
53
-60
116
165
268
25
150
20
227
-12
131
376
211
119
137
156
-83
-6
-43
59
80
21
-195
145
113
128
-390
341
-19
17
-208
90
100
7
-154
325
168
19
-235
200
211
22
-233
497
423
-25
-188
164
-262
-152
-201
32
-79
-61
-160
-218
156
-71
-173
255
127
35
-5
-89
3
204
-4
50
51
52
53
247
-21
627
106
406
-21
526
46
88
-64
-172
46
-118
-47
41
331
-259
-28
743
-257
-5
41
55
-189
-2
-70
-4
-97
-3
-204
350
-115
280
-127
54
55
721
-1,358
2,222
-2, 190
1, 030
-38
-164
485
3,024
-1, 708
4,651
-538
1,377
2, 235
-390
-506
-1,697
2,773
-132
537
-1, 222
2,048
-3, 189
2,279
-2,534
4,776
136
5,788
-2, 153
11,506
-2,140
5,545
566
2,375
56
57
904
-137
-571
-1,076
-48
-299
-686
-154
-386
1,022
801
1,040
145
838
1,373
-8
-103
58
1,362
22
-74
-137
56
-317
-11
-695
-401
-57
267
-426
-474
-23
-575
-364
-73
-31
246
-228
-442
-233
1,083
-542
-44
—920
831
-253
14
—37
818
227
395
—34
34
406
422
140
469
9
109
—592
373
255
456
196
-66
252
300
150
72
851
1
—3
2
-8
544
-710
64
-1
59
60
61
62
-237
-418
559
-303
-1,172
-679
-619
(*)
-172
-376
-368
-2,532
-5,006
-2,293
867
in Census import documents, and reflects various other balance-of-payments adjustments
(for valuation, coverage, and timing) to Census statistics; see table 4.
4. Excludes reinvested earnings of foreign incorporated affiliates of U.S. firms or of U.S.
incorporated affiliates of foreign firms.
5. Includes sales of foreign obligations to foreigners.
717
-259
-1,097
710
63
404
64
6. Coverage of liquid banking claims for 1960-63 and of liquid nonbanking claims for 1960-62
is limited to foreign currency deposits only; other liquid items are not available separately
and are included with nonliquid claims.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SUEVEY OF CUEEENT BUSINESS
34
June 1972
Table 3.—U.S. International
[Millions
1969
(Credits + ; debits -) 1
Line
1 Exports of goods and services2
2
3
4
5
6
7
8
9
Merchandise, adjusted, excluding military 3.
__._- .
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
.
_
Other transportation
Fees and royalties from unaffiliated foreigners
Other private services
U S. Government miscellaneous services
10
11
12
13
Receipts of income on U.S. investments abroad:
Direct investment fees and royalties
Direct investment interest, dividends and branch earnings 4
Other private assets.
U.S. Government assets. _
._
_
_
_.
_
Transfers of goods and services under U.S. military grant programs, net
15
Imports of goods and services
16
17
18
19
20
21
22
23
Merchandise adjusted excluding military '
Direct defense expenditures
Travel
Passenger fares
Other transportation
Fees and royalties to unaffiliated foreigners
Private payments for other services
U S. Government payments for miscellaneous services
24
25
26
27
Payments of income on foreign investments in the United States:
Direct investment fees and royalties
Direct investment interest, dividends and branch earnings4
Other private liabilities
U S Government liabilities
28
U.S. military grants of goods and services, net
Unilateral transfers (excluding military grants) , net
30
31
32
33
_
.
--
U.S. Government grants (excluding military)
U.S. Government pensions and other transfers
Private remittances and other transfers
U.S. Government capital flows, net
Loans and other long-term assets
Foreign currencies and other short-term assets, net
36
37
Repayments on credits:
Scheduled
Nonscheduled 6 -
.
38
U.S. private capital flows, net
39
40
Direct investments abroad 4
Foreign securities
41
42
43
Claims reported by U.S. banks:
Long-term
Short-term, nonliquidShort-term liquid
44
45
46
Claims reported by U.S. nonbanking concerns:
Long-term
Short-term nonliquid
Short-term, liquid
...
-
__
-
-
-
Foreign capital flows, net
50
51
52
53
Other U.S. nonliquid liabilities to private foreigners:
Long-term reported by U S nonbanking concerns
Short-term, reported by U.S. nonbanking concerns
. - Long-term, reported by U.S. banks
Long-term liabilities to foreign official agencies reported by U S banks
58
59
60
61
62
I
II
III
rv
6 588
6 832
7 030
7 044
4 684
71
224
46
405
62
114
36
4 916
89
227
43
400
62
115
36
5 032
88
237
43
407
62
119
43
5 018
86
231
43
395
62
118
39
140
571
151
84
138
592
152
62
152
569
166
112
160
623
178
91
.
-
--
-
--
---
I
II
III
IV
7 198
6 941
7 225
7 410
5 095
' 86
228
42
399
61
123
40
4 806
'l!2
237
48
403
61
123
41
5 037
'ill
240
47
396
61
126
41
5 169
94
242
47
421
61
128
43
157
687
188
92
166
650
192
102
167
715
203
81
173
715
211
106
443
622
282
418
324
543
247
351
—5 984
—6 014
—5 851
—5 538
—5 547
—5 599
—5 948
—6 083
—3 811
—781
—435
—140
-346
—10
—97
—74
—3 854
—769
—447
—114
-359
—10
—100
—82
—3 646
—801
—437
—127
—355
—10
—119
—78
—3 433
—737
—431
—133
—342
—10
—120
—79
—3 390
—786
—440
—115
—354
—12
—95
—101
—3 433
—781
—437
—133
—356
—12
—99
—93
—3 804
—705
—442
—133
-362
—12
—115
—109
—3 892
—727
-466
—125
-366
-12
—118
-103
-8
-56
—125
—101
-8
—58
—127
—86
-11
—57
—133
—77
-8
-49
—128
—68
-9
-48
—128
—69
—10
—51
—129
—65
—12
—51
—135
—68
-11
-44
—143
—76
—443
—622
-282
—418
—324
—543
-247
-351
—510
—551
—600
—632
—630
-625
—601
-659
-358
—56
—96
—400
—50
—101
—443
-53
-104
—463
—56
—113
—458
—63
—109
—467
—60
—98
-437
—56
—108
-492
-57
-110
-237
—340
—162
—366
—392
468
—486
-516
—247
-167
-335
—125
—264
—105
—367
—131
—418
—104
—285
-82
-568
-24
-668
-51
160
17
115
5
183
24
125
7
125
5
201
634
100
6
152
51
-667
—668
-1,216
—1,328
—1,032
—913
-976
-1,259
-343
—266
—262
—166
-434
—111
-635
-120
-496
—135
-284
—246
-483
-124
-336
-257
12
8-132
6
24
—66
«-55
6
—19
-34
-15
8-220
«15
-169
8
-247
8 -122
—2
35
85
-12
6 6 -80
-8
—2
8 -55
6
6
-44
—100
«-5
-49
8-62
e_i7
878
869
40
170
59
118
4
—5
1
6
—27
—519
e _74
6
-72
-245
6
25
82
-356
6
—10
8
6
-182
6-3
-3
—24
-263
6
6
-31
8-81
»-5
8-128
«-33
340
36
392
506
932
643
53
5
-11
-11
20
104
32
152
-5
3
26
66
3
-53
1
-5
—6
1
-1
-27
3
-3
76
1
-8
80
-1
26
-12
-4
35
32
-1
181
-1
44
-10
-14
6
42
-10
286
201
307
435
6
242
-291
384
-249
457
-373
618
190
692
524
-29
159
175
740
1,071
371
-320
-213
768
50
94
638
921
371
-170
146
510
81
102
150
-25
25
-161
109
11
124
-483
-54
312
-227
-303
-281
-287
-360
-458
67
-304
6
Direct investments in the United States 4
U.S. securities other than Treasury issues
56
57
--
-
48
49
54
55
.
- - - -
34
35
47
_
_
14
29
.
1961
8
6
Nonliquid liabilities reported by U.S. government:
To other official and private foreigners
-
U.S. liquid liabilities:
To private foreigners
To foreign official agencies
-- -
Transactions in U.S. official reserve assets, net
Gold
SDR
Convertible currencies
Gold tranche position in IMF
_ _ _
Allocations of special drawing rights (SDR)
64
Errors and omissions, net
._
,..
63
See footnotes at end of table.
.
_
-..
-
SURVEY OF CURRENT BUSINESS
June 1972
35
Transactions—Seasonally Adjusted
of dollars]
I
II
I
IV
III
II
1 965
1964
1963
1962
III
I
IV
II
I
IV
III
III
II
Line
IV
7,334
7,783
7,657
7,604
8,161
8,222
8,617
9,189
9,072
9,414
9,606
8,858
10,249
10,128
10, 175
1
5,077
5,335
5,332
5,035
5,058
5,593
110
247
47
438
64
121
44
189
250
49
432
64
122
48
154
231
47
440
64
123
52
204
229
48
454
64
125
52
187
245
49
439
68
130
56
195
253
54
482
68
131
59
5,666
127
253
50
492
68
134
58
5,935
148
264
53
485
69
134
62
6,233
207
292
60
523
75
138
60
6,197
151
297
61
506
75
140
65
6,417
192
303
61
519
75
144
67
6,631
198
315
60
527
75
144
73
5,679
207
319
64
487
84
157
69
6,933
188
337
64
558
84
156
72
6,857
229
347
71
524
84
160
74
6,969
206
377
72
575
84
160
70
2
3
185
678
221
102
203
736
218
137
211
736
232
114
202
894
232
118
217
798
236
121
214
743
251
118
217
760
262
135
242
828
273
124
245
933
296
127
250
901
306
123
251
920
318
147
267
919
337
60
285
1,020
347
140
288
1,066
357
146
309
968
357
148
317
908
362
75
10
11
12
13
14
390
7,736
215
294
372
666
274
324
-7,238
-7,475
-7,252
-8, 184
-8,244
-8,634
15
-4, 591
-737
-544
-167
-451
-15
-97
-117
-4, 736
-699
-555
-169
-459
-15
-105
-127
-4,916
-697
-581
-156
-461
-15
-104
-141
-4, 680
-676
-600
-188
-460
-17
-81
-132
-5,482
-719
-603
-179
-508
-17
-81
-140
-5, 564
-763
-610
-167
-464
-17
-85
-134
-5, 770
-794
-625
-186
-523
-17
-88
-144
16
17
18
19
20
21
22
23
-14
-54
-191
-111
-16
-51
-198
-110
-16
-47
-201
-109
-20
-50
-211
-123
-20
-55
-221
-122
-18
-90
-229
-118
-15
-67
-240
-118
-15
-87
-254
-131
24
25
26
27
218
305
447
678
194
244
307
-6, 192
-6, 334
-6,384
-6,475
-6,412
-6,593
-6,806
-6,839
-6,907
-3, 959
-770
-466
-130
-386
-4, 074
-763
-483
-148
-383
-4,109
-761
-488
-141
-370
-4, 076
-810
-502
-151
-418
-4, 050
-763
-503
-156
-413
-4, 214
-748
-525
-144
-414
-11
-91
-93
-11
-92
-91
-11
-11
-102
-105
-100
-110
-13
-82
-4, 365
-726
-545
-153
-438
-13
-97
-118
-4, 382
-725
-541
-162
-437
-13
-97
-111
-4,404
-747
-531
-153
-446
-15
-90
-151
-14
-59
-188
-110
626
-107
-13
-87
-111
-15
-45
-12
-46
-16
-49
-14
-46
-13
-60
-16
-53
-146
-147
-146
-147
-161
-173
4
5
6
7
8
9
524
-7,094
-80
-84
-86
-90
-91
-95
-17
-51
-179
-104
-390
-626
-218
-305
-447
-678
-194
-244
-307
-524
-215
-294
-372
-666
-274
-324
28
-697
-620
-632
-682
-638
-670
-702
-733
-654
-710
-682
-710
-644
-780
-711
-700
29
-444
-457
-504
-422
-471
-497
-63
-142
-528
-64
-141
-445
-67
-142
-500
-66
-144
-461
-72
-149
-482
-75
-153
-411
-74
-159
-477
-135
-168
-461
-82
-168
-459
-77
-164
30
31
32
-515
-68
-59
-58
-59
-69
-66
-114
-117
-117
-119
-147
-133
-411
-384
8
-307
-479
-654
-88
-440
-283
-386
-416
-591
-368
-535
-255
-440
33
-483
-520
-650
-557
-84
-476
-131
-79
49
-98
-581
-251
-486
-27
-577
-71
-502
-2
-650
87
-665
37
-558
-141
-593
43
-642
-79
-551
-86
-667
106
34
35
155
1
165
58
131
476
149
145
150
26
144
34
184
241
183
25
169
52
144
33
181
31
101
7
172
10
180
6
200
182
98
23
36
37
-1,049
-630
-855
-894
-1,102
-1,709
-641
-1,008
-1,367
-1,558
-1,557
-2,096
-1,684
-432
-847
-830
38
-272
-196
-429
-308
-498
-455
-378
-620
-522
-492
-536
-334
-100
-530
53
-462
20
-613
-206
-664
2
-588
-494
-1, 245
-198
-879
-147
-635
-209
-709
-205
39
40
-119
e -352
5
24
6150
6-119
6-2
625
6-37
8-65
27
615
625
-178
6 -314
676
6-81
-116
« -196
658
-488
6 -252
6 -36
-248
-475
4
-72
-233
-268
-239
-305
181
-382
-320
-108
-461
-174
108
201
29
199
-41
9
48
69
-64
170
41
42
43
-66
e -125
-23
653
e -152
50
-63
-95
1
-19
65
158
-47
134
-27
-93
-86
-57
-48
-61
-271
-197
-64
-130
-84
10
6
-18
298
-6
-16
187
-20
-54
55
-68
-15
-8
44
45
46
-36
-87
-40
-3
37
65
6-35
611
6-17
-47
-69
89
689
622
-330
720
1,148
1,465
144
231
393
552
685
1,689
204
-292
307
165
47
41
145
77
7
6
-23
8
6
-5
14
47
114
40
52
-87
103
17
-42
29
14
-27
-30
-24
-26
85
57
-95
-242
44
-227
22
55
48
49
8
-22
-15
-49
-1
3
13
4
7
-54
2
-6
-30
3
4
65
24
9
-6
17
12
-5
-75
14
-5
5
10
26
19
8
44
-28
65
-1
15
-5
24
71
64
8
-5
173
—21
-5
68
72
-29
10
39
-35
-16
16
47
31
28
50
51
52
53
18
—1
-21
89
200
116
25
31
—68
136
—104
178
22
166
-63
136
-14
37
194
32
22
122
-8
26
-8
171
-8
-2
148
-130
54
55
518
-19
100
525
-512
90
109
326
194
922
251
883
-30
-15
205
-112
14
295
253
162
432
33
855
586
-7
-104
-7
-217
538
.-36
-393
341
56
57
6
(*)
427
-164
881
389
32
123
227
-5
-51
303
70
-151
842
68
41
271
58
304
116
446
24
111
116
196
38
46
-73
-20
172
832
590
124
119
-114
-324
237
44
104
331
351
14
-33
-46
6
1
-28
'59
-58
15
-228
131
258
118
-45
135
-205
-118
-58
68
-56
-466
-413
330
178
-26
59
60
61
62
-101
-273
-424
-408
-123
-356
177
-320
-179
-276
-272
44
-94
-419
-7
64
63
-153
SUEVEY OF CUERENT BUSINESS
36
June 1972
Table 3.—U.S. International Transactions—
[Millions
19 56
Line
I
1 Exports of goods and services 2
2
3
4
5
6
7
g
9
10
11
12
13
1967
(Credits +; debits -) 1
_
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
_ _ _ _ _ _ _ _ _
Other transportation
_
_
Fees and royalties from unamliated foreigners
Other private services
U S Government miscellaneous services
.
_
14
Transfers of goods and services under U.S. military grant programs, net
Imports of goods and services _
_
_
_
_
16
17
18
19
20
21
22
23
Merchandise, adjusted, excluding military 3
Direct defense expenditures
Travel
- _ - _ - _ - _ Passenger fares
Other transportation
Fees and royalties to unaffilated foreigners
_
Private payments f o r other services
_ _ _ _ _
U S Government payments for miscellaneous services
24
25
26
27
Payments of income on foreign investments in the United States:
Direct investment fees and royalties
_
_
Direct investment interest dividends and branch earnings *
Other private liabilities
U S Government liabilities
_ _
_
_
- _
_ _ _ _ _ _
_
II
III
IV
10 641
10, 918
11 179
11 467
11 474
11 547
11 689
7 165
'214
7 400
7 534
7 Qgo
7 708
7 658
7 592
394
84
556
88
175
82
203
410
74
586
88
177
79
324
334
1 015
1 009
398
146
412
146
216
412
87
586
89
177
90
344
1 063
426
155
329
412
88
608
99
202
83
329
392
87
620
99
204
85
355
363
1 031
1 006
424
156
421
160
240
414
99
596
99
207
83
365
1 201
433
152
341
428
98
597
99
206
84
356
1 279
439
170
282
784
362
644
655
724
541
531
—9,016
—9, 274
—9,845
—9, 972
— 10,116
—10,036
-10, 171
— 10,720
—6 027
—877
-644
—191
—513
—6 165
—925
—676
—182
—541
—6 595
—975
—666
—188
—562
—6 676
-987
—671
—194
—551
—6 661
—1 085
—707
—207
—563
—6 465
—1 075
—843
—205
—549
—6, 542
-1, 106
-914
—204
—506
—7 153
—1 112
-743
—214
—546
—158
—159
—161
—164
—166
—105
—168
-110
—174
-111
—180
—19
-89
_ _
I
7 188
326
958
377
147
15
IV
III
10, 538
196
374
73
562
88
174
75
Eeceipts of income on U.S. investments abroad:
Direct investment fees and royalties
Direct investment interest, dividends and branch earnings *
Other private assets
U.S. Government assets
_
~ _ _
_
II
—19
-92
—19
—97
—19
-99
—27
—99
—26
-26
-26
-16
—85
-16
—78
—108
—348
—138
-15
—95
—285
—136
—101
—322
—144
—16
—94
—266
-131
—354
—137
—340
—150
-332
-145
-357
-166
—15
-17
-15
—97
-17
—95
28
U.S. military grants of goods and services, net
-282
-784
-362
-644
-655
-724
-541
-531
29
Unilateral transfers (excluding military grants), net
-822
-717
—696
-655
-721
—849
-844
-667
30
31
32
U S Government grants (excluding military)
U S Government pensions and other transfers
Private remittances and other transfers
—588
—484
—419
—462
—81
—80
—455
—291
-489
—156
—199
-397
—153
-174
—96
—153
—419
—121
—156
-314
-502
—340
-379
-642
-539
—555
-683
—488
-640
—685
—689
—1 157
—855
-887
—64
—94
—75
301
-734
203
3
195
7
213
226
193
192
214
(*)
-1,091
—1,037
-914
-1,290
—728
-357
-934
—917
-1, 082
-135
33
__
_
_
36
37
Eepayments on credits:
Scheduled
Nonscheduled 5
_
-32
___ _ _
_ _ _ _ _ _ _ _
_ -
_ _
U.S. private capital flows net
- -
39
40
Direct investments abroad *
Foreign securities
41
42
43
Claims reported by U.S. banks:
Long-term
Short-term nonliquid
Short-term liquid
44
45
46
Claims reported by U.S. nonbanking concerns:
Long-term
Short-term nonliquid
Short-term liquid
4
Direct investments i n t h e United States
U S securities other than Treasury issues
50
51
52
53
Other U.S. nonliquid liabilities to private foreigners:
Long-term reported by U S nonbanking con cerns
Short-term, reported by U S nonbanking concerns
Long-term reported by U S banks
Long-term liabilities to foreign official agencies reported by U S banks
54
55
Nonliquid liabilities reported by U.S. Government:
To foreign official reserve agencies
To other official and private foreigners
56
57
U.S. liquid liabilities:
To private foreigners
To foreign official agencies
59
60
61
62
102
-30
47
- -
-17
-82
-60
-51
—45
28
- -
496
_ _ _ _ _ _ _
___
-
_
-
--
-
--
- - --
--
Transactions in U S official reserve assets net
-- - --
Gold
SDK
Convertible currencies _
Gold tranche position in IMF
__
63
Allocations of special drawing rights (SDR)
64
Errors and omissions, net
__
_
-
p Preliminary. *Less than $500,000 (±).
1. Credits, +•" Exports of goods and services; unilateral transfers to U.S.; capital inflows
(increase in U.S. liabilities or decrease in U.S. assets); decrease in U.S.
official reserve assets.
Debits, —: Imports of goods and services; unilateral transfers to foreigners; capital
—11
1
-13
37
- -
- _
Foreign capital flows, net
-60
127
-42
68
--
48
49
58
_
--
Loans and other long-term assets
Foreign currencies and other short-term assets net
47
_
U.S. Government capital flows, net
34
35
38
_
1,048
—85
—151
-54
107
—92
—92
—96
-174
77
-76
287
(*)
217
6
280
(*)
-1,092
-907
-1,797
-1,860
-707
—259
—518
-237
-947
-409
-964
-361
153
-131
179
-315
-77
-202
-122
(*)
3
25
-16
—41
-28
-28
-49
-16
-25
-69
-68
—97
58
-164
636
1,142
386
1,930
64
133
70
329
12
520
112
34
-19
183
55
3
132
16
190
53
19
76
36
-85
-126
-172
-306
2,157
2,378
50
52
173
38
520
—113
107
110
109
29
39
12
48
12
66
157
282
61
134
12
88
78
57
7
375
125
94
67
304
-24
90
20
596
32
-19
22
16
81
-14
62
19
60
-13
157
323
-8
195
510
1,099
1,073
-375
-181
-100
279
-68
155
-185
997
953
-895
-747
-595
415
-6
424
68
82
68
209
173
222
134
-215
-163
22
-227
-426
121
-173
335
46
159
-19
1,027
-419
-196
188
123
-211
906
51
15
92
1,012
1,007
-424
-462
-1, 145
-10
-5
-48
-309
-654
38
44
-31
outflows (decrease in U.S. liabilities or increase in U.S. assets); increase in
U.S. official reserve assets.
2. Excludes transfers of goods and services under U.S. military grant programs.
3. Excludes exports of goods under U.S. military agency sales contracts identified in Census
export documents, and imports of goods included under direct defense expenditures identified
June 1972
SURVEY OF CURRENT BUSINESS
37
Seasonally Adjusted—Continued
of dollars]
li)69
19(38
I
II
III
IV
II
I
1£ 70
III
IV
I
II
1972
1971
III
IV
I
II
III
IV
Line
I*
11,946
12,670
13,286
12,705
11,968
14,207
14,526
14,800
15,375
15,762
15,932
15,805
16,580
16,675
17,133
15,748
17,685
1
7,938
302
433
101
625
113
216
92
8,371
343
431
105
631
113
216
87
8,882
392
451
102
641
113
220
87
8,385
356
460
104
641
113
220
87
7,488
407
498
108
536
125
245
89
9,484
328
518
112
707
125
246
101
9,574
441
519
119
700
125
247
95
9,871
336
523
111
718
125
247
94
10,231
273
556
131
741
145
272
90
10, 565
441
574
139
761
145
274
84
10, 705
329
590
134
789
145
275
102
10, 462
436
599
140
792
145
274
107
11, 017
510
589
155
770
155
337
110
10, 710
516
590
150
817
155
338
102
11, 479
474
613
139
814
155
339
105
9,564
423
665
171
692
155
339
88
11, 809
357
635
164
875
168
382
94
2
3
361
1,097
462
206
383
1,307
477
206
398
1,278
512
210
404
1,292
499
144
394
1,334
517
227
438
1,367
550
231
420
1,473
582
231
429
1,484
618
244
459
1,588
648
241
483
1,406
650
240
482
1,503
659
219
495
1,505
641
209
522
1, 538
652
225
543
1,921
607
226
524
1,639
642
210
580
2,190
655
226
547
1,724
688
242
10
11
12
13
4
5
6
7
8
9
596
583
725
966
564
822
640
830
576
661
673
676
735
778
701
939
932
14
-11,497
-11,847
-12,445
-12,391
-11,661
-13,940
-13,864
-14,129
-14,477
-14,795
-14,943
-15,093
-15,444
-16,639
-17,042
-16,285
-18,832
15
-7, 821
-1, 103
-760
-207
-589
-27
-126
-168
-8, 134
-1, 112
-738
-216
-577
-27
-132
-167
-8, 568
-1, 147
-788
-230
-609
-26
-127
-175
-8, 441
-1, 173
-744
-232
-598
-26
-129
-248
-7, 576
-1, 198
-829
-255
-523
-30
-146
-175
-9, 568
-1,187
-853
- -264
-633
-30
-150
-177
-9, 271
-1,221
-865
-277
-634
-30
-146
-178
-9, 381
-1, 251
-860
-284
-677
-30
-146
-185
-9, 731
-1, 180
-936
-292
-628
-28
-156
-182
-9, 831
-1, 259
-998
-293
-716
-28
-163
-185
-9,968 -10, 269 -10, 728 -11, 722 -11, 951 -11, 058 -13, 482
-1, 223
-1,210
-1, 203 -1, 175 -1, 214 -1, 198 -1,230
-1, 149
-1, 027 -1, 012 -1, 030 -1, 082 -1, 053 -1,129
-321
-372
-320
-310
-267
-306
-319
-847
-730
-710
-813
-715
-781
-765
-32
-35
-32
-32
-32
-28
-28
-208
-185
-182
-160
-187
-155
-189
-202
-193
-176
-194
-198
-181
-189
16
17
18
19
20
21
22
23
-22
-104
-395
-175
-18
-95
-449
-182
-19
-98
-493
-165
-21
-92
-507
-180
-28
-98
-615
-188
-24
-111
-752
-191
-22
-105
-919
-196
-28
-102
-983
-202
-23
-115
-998
-208
-30
-109
-942
-241
-28
-105
-866
-285
-24
-148
-570
— 623
24
25
26
27
-725
28
-30
-111
-786
-290
-24
-161
-628
-326
-22
-152
-545
-387
-24
-170
-573
-537
-25
-138
-599
-594
-596
-583
-966
-564
-822
-640
-830
-576
-661
-673
-676
-735
-778
-701
-939
—932
-639
-692
. -785
-794
-639
-859
-702
-747
-765
-773
-821
-849
-791
-846
-946
-992
-947
29
-362
-92
-185
-422
-91
-179
-435
-122
-228
-488
-102
-204
-344
-99
-196
-521
-102
-236
-371-104
-227
-408
-102
-237
-415
-100
-250
-394
-118
-261
-442
-122
-257
-483
-122
-244
-436
-124
-231
-477
-142
-227
-544
-138
-264
-588
-137
-267
-560
-142
-245
30
31
32
-706
-629
-570
-363
-418
-632
-693
-450
-424
-356
-404
-402
-605
-579
-370
-337
-242
33
-1, 032
-16
-892
-54
-923
38
-867
95
-845
83
-948
-42
-837
-31
-848
79
-724
-129
-886
22
-843
71
-834
20
-1,106
-69
-1, 257
139
-871
32
-945
80
-760
-42
34
35
300
42
314
3
260
65
240
169
300
44
324
34
329
-154
330
-11
341
88
394
114
366
2
372
40
566
4
437
102
397
72
480
48
515
45
36
37
-868
-1,153
-1,698
-1,664
-1,503
-1,835
-1,274
-813
-1,908
-1,474
-1,650
-1,853
-2,203
-1,954
-3,521
-2, 104
-2,879
38
-456
-347
-843
-105
-1, 033
-259
-876
-515
-926
-365
-999
-499
-899
-506
-430
-125
-1, 279
-210
-1,229
93
-882
-488
-1, 010
-337
-1, 290
-361
-1,277
-372
-1,410
-249
-788
73
-994
-388
39
40
140
-63
89
49
270
43
165
-297
-61
4
46
-132
133
-94
-119
19
-318
-17
131
-97
-44
34
-149
-29
24
-227
150
49
-196
-118
22
-105
-40
80
-495
-91
25
-139
-94
-153
-91
32
-237
-892
-392
-200
-685
-112
-198
-566
-518
41
42
43
34
-106
-159
-32
-167
-368
-57
-112
-44
-165
-100
74
-82
72
-122
-80
-88
147
-13
-21
175
-249
-36
171
-381
-120
135
-12
-28
-33
-129
-64
36
-64
-149
213
-33
-133
-178
-11
-145
63
-31
-147
-163
-34
-130
-228
-74
34
-175
44
45
46
1,189
2,322
2,429
3,473
3,313
4, 077
3,635
1,290
1,769
1,024
1,762
1,389
2,545
5,091
8,753
5,996
4,128
47
251
839
5
1,122
23
1,115
41
1,312
246
1,388
164
365
152
396
270
963
491
304
104
374
245
720
190
792
124
559
1
196
-374
606
181
921
-335
1,066
48
49
154
53
-60
116
210
268
25
150
88
227
-12
131
263
211
119
137
173
-83
-6
-43
101
80
21
-195
232
113
128
-390
195
-19
17
-208
122
100
7
-154
366
168
19
-235
299
211
22
-233
325
423
-25
-188
206
-262
-152
-201
72
-79
-61
-160
-117
156
-71
-173
72
127
35
-5
-43
3
204
-4
50
51
52
53
240
-18
619
170
399
1
548
-43
81
-75
-180
98
-125
-15
63
258
-266
-38
735
-207
-12
80
77
-268
-8
-97
-8
-5
-9
-188
366
-196
280
-143
54
55
538
-924
2.316
-2, 563
792
-335
164
721
2,952
-1,320
3,831
-208
1,447
1,697
432
-681
-1, 746
2,949
-1, 060
760
-1, 100
1,530
-2, 334
2,397
-2, 576
4,952
-840
5,975
-1, 996
10, 919
-1, 279
5,774
528
2,572
56
57
-137
-571
-299
-686
-154
264
805
584
824
682
659
1,194
-187
429
58
14
—254
818
227
395
—251
34
406
422
—76
469
9
456
17
-66
252
300
—29
72
851
1
—182
2
-8
544
—178
64
-1
59
60
61
62
904
-1,076
-48
1,362
22
-74
-137
56
-317
-11
-695
-401
-57
267
-426
-474
-23
-575
-364
-73
-31
246
-228
-442
-233
1,083
-542
-44
—270
831
-253
-329
-534
354
110
-1,012
-719
-942
203
-51
217
in Census import documents, and reflects various other balance-of-payments adjustments
(for valuation, coverage, and timing) to Census statistics; see table 4.
4. Excludes reinvested earnings of foreign incorporated affiliates of U.S. firms or of U.S.
incorporated affiliates of foreign firms.
5. Includes sales of foreign obligations to foreigners.
217
-410
109
—55
373
255
217
216
180
179
179
179
178
63
-677
-37
-944
-2,586
-5,380
-2,018
480
64
6. Coverage of liquid banking claims for 1960-63 and of liquid nonbanking claims for 1960-62
is limited to foreign currency deposits only; other liquid items are not available separately
and are included with nonliquid claims.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SUKVEY OF CURRENT BUSINESS
38
June 1972
Table 4.—U.S.
[Millions of
Line
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
EXPORTS
1
Merchandise exports, Census basis,1 including reexports and military grant
shipments.
20,600
21,036
21,713
23,387
26,649
27,521
30,430
31,622
34,636
38,006
43,224
44,137
2
Merchandise exports, Census basis,1 including reexports, excluding military
grant shipments.
19,651
20,226
20, 986
22,467
25,831
26,742
29,490
31,030
34,063
37,332
42,659
43,555
3
3a
3b
3c
3d
3e
Regular additions to Census exports
_
Private gift parcel re ittances
_ .
Virgin Islands exports to foreign countries
Gold exports , nonmonetary.
..
Inland freight (to Canada)
valuation adjustment
0 ther regular additions 2
267
66
248
59
258
51
269
44
243
45
256
45
2
164
35
1
166
22
1
174
32
(*)
183
42
(*)
184
14
2
205
4
260
44
4
2
215
—5
319
75
18
5
216
5
340
75
31
8
228
—2
367
71
26
2
257
11
363
76
17
(*)
265
5
419
75
26
1
283
34
4
Regular deductions from Census exports <*
44
37
23
25
29
31
31
28
26
78
_ __ ._
__
40
46
-95
-92
—46
—139
84
58
22
41
5
19,882
20,339
21, 106
22,646
25,898
27,059
29,783
31,342
34,413
37,673
43,072
43,948
Less: Merchandise exports transferred under
U.S. military agency sales
contracts identified in Census documents.6
232
232
327
394
420
621
496
704
837
1,256
1,109
1,178
8
Equals : Merchandise exports, adjusted to balance of pay ments basis, excluding "military" (table 2, line 2) .
19,650
20,107
20,779
22,252
25,478
26,438
29,287
30,638
33,576
36,417
41,963
42,770
9
Merchandise imports, Census basis l (general imports)
_ 15, 072
14,759
16,453
17, 205
18,749
21, 520
25, 618
26,889
33,226
36,043
39,952
45,602
84
13
56
15
89
12
67
10
108
21
80
7
108
22
79
7
137
27
100
10
182
44
130
8
206
43
155
8
252
68
176
8
327
108
211
8
396
168
216
12
434
242
162
30
634
387
218
29
5
6
9
8
7
5
6
9
8
7
20
17
3
79
75
4
168
162
6
304
300
4
357
354
3
406
402
4
561
557
4
-65
49
-35
-49
-2
-31
36
4
5
5a
Special adjustments net
Of which' Quarterly allocation of annual seasonal adjustment discrepancy 5
6
Equals: Merchandise exports adjusted to balance of payments basis, including "military."
7
IMPORTS
10
lOa
lOb
lOc
11
Ha
lib
Regular additions to Census imports
Virgin Islands imports from foreign countries
Gold imports nonmonetary
Other regular additions 7
-
Regular deductions from Census imports
Automotive valuation adjustment
Other regular deductions 8
_ _ __
12
Special adjustments net ^
Of which" Quarterly allocation of annual seasonal adjustment discrepancy "
70
65
42
38
9
13
Equals: Merchandise imports, adjusted to balance of payments basis, including "military."
15,221
14,907
16,594
17,343
18,888
21,682
25,680
27,022
33,214
36,033
39,978
45,644
14
Less: Merchandise
imports of U.S. military agencies identified in Census
documents.9
477
388
376
332
241
186
217
201
250
237
179
185
15
Equals : Merchandise imports, adjusted to balance of payments basis excluding "military" (table 2, line 16).
14,744
14,519
16,218
17,011
18,647
21,496
25,463
26,821
32,964
35,796
39,799
45,459
16
Balance on merchandise trade, adjusted to balance of payments basis, including "military" (line 6 less line 13) (export surplus +).
4,661
5,432
4,512
5,303
7,010
5,377
4,103
4,320
1,199
1,640
3,094
-1,696
17
Balance on merchandise trade, adjusted to balance of payments basis, excluding "military" (line 8 less line 15) (export surplus +) .
4,906
5,588
4,561
5,241
6,831
4,942
3,824
3,817
612
621
2,164
-2,68ft
18
Merchandise exports,, Census basis,1 including military grant shipments
(linel).
20,600
21,036
21,713
23,387
26,649
27,521
30,430
31,622
34,636
38,006
43,224
44,137
4,860
15, 740
14, 791
5,073
15, 963
15, 153
5,078
16, 635
15, 908
5,640
17, 747
16, 827
6,412
20, 237
19, 419
6,300
21, 221
20, 442
6,955
23, 475
22, 535
6,448
25, 174
24, 582
6,301
28, 335
27, 762
6,098
31,908
31, 234
7,349
35, 875
35, 310
7,783
36, 354
35, 773
3,170
1,821
336
1,013
3,418
2,063
343
1,012
3,829
2,288
407
1,133
4,282
2,570
471
1,240
4,849
2,876
567
1,406
4,928
2,901
650
1,376
5,489
3,504
760
1,225
4,998
2,997
772
1,230
4,813
2,822
810
1,182
4,688
2,516
822
1,350
5,839
3,071
1,216
1,552
6,050
2,966
1,325
1,759
7,924
841
7,705
794
7,132
826
7,822
975
9,185
946
8,917
948
9,613
977
9,971
1,106
11,004
1,052
11,776
1,132
13,782
1,596
12,692
1,500
419
1,540
988
379
1,406
1,388
453
1,429
884
391
1,437
1,375
457
1,099
537
373
1,517
1,358
506
1,150
587
403
1,639
1,478
597
1,343
690
413
1,990
1,716
594
1,070
495
383
1,949
1,868
666
1,034
440
482
2,200
2,070
722
1,032
470
498
2,313
2,073
828
1,022
466
524
2,764
2,267
906
923
286
540
2,741
2,406
1,139
1,051
378
488
3,052
2,647
1,089
1,304
589
463
2,986
2,707
305
717
929
427
541
858
220
561
721
255
629
786
333
781
1,065
283
759
1,065
271
699
1,215
324
702
1,201
275
741
1,532
371
1,127
1,631
547
1,388
1,873
263
952
1,428
5,511
4,284
730
3,555
947
469
1,474
205
223
236
1,052
537
175
5,910
4,729
818
3,912
937
520
1,664
203
328
260
973
339
209
6,443
5,221
953
4,269
979
549
1,890
217
344
288
1,043
323
179
6,604
5,521
1,079
4,442
1,042
539
1,880
265
385
331
919
248
163
7,463
6,399
1,179
5,220
1,255
629
2,148
348
467
375
912
287
152
8,039
6,796
1,145
5,651
1,308
634
2,373
434
542
359
1,077
478
167
8,892
7,527
1,279
6,248
1,335
677
2,693
446
660
437
1,224
553
141
9,913
8,115
1,426
6,689
1, 396
673
2,886
448
842
445
1,614
790
184
11,072
8,642
1,557
7,085
1,526
709
3,062
412
900
476
2,327
1,405
103
12,346
9,991
1,856
8,136
1,680
770
3,443
418
1,225
599
2,235
1,266
120
14,371
11, 570
2,077
9,493
1,963
906
3,866
358
1,702
697
2,660
1,528
141
15, 106
11, 584
2,110
9,473
1,888
886
3,911
361
1,702
726
3,278
1,914
245
BALANCE
TRADE BY END-USE
18a
18b
18c
Agricultural products
Nonagricultural products
Excluding military grant shipments
19
20
21
22
Foods feeds and beverages
Grains and preparations
Soybeans
Other foods feeds and beverages
23
24
Industrial supplies and materials 10
Fuels and lubricants
_ __
-- --
-
--
25
26
27
28
29
30
Paper and paper base stocks
Textile supplies and materials
Raw cotton including linters
- __
Tobacco unmanufactured
_
Chemicals excluding medicinals
Other nonmetals (hides tallow minerals, wood, rubber, tires, etc.)
31
32
33
Steelmaking materials
Iron and steel products
Other metals primary and advanced, including advanced steel 10
34
35
36
37
38
39
40
41
42
43
44
44a
45
Capital goods, except automotive
IVtachinery except consumer -type
Electrical and electronic, and parts and attachments
Nonelectrical and parts and attachments
Construction machinery and nonfarm tractors and parts
Textile and other specialized-industry machinery and parts
Other industrial machinery and parts n e e
Agricultural machinery and farm tractors and parts
Business and office machines, computers, etc., and parts
Scientific, professional, and services-industry equipment .
Civilian aircraft, engines, parts
Civilian aircraft complete all types
Other transportation eauiDment
.
See footnotes at end of table.
---
__
June 1972
SURVEY OF CURRENT BUSINESS
39
Merchandise Trade
dollars]
Seasonally adjusted
Not seasonally adjusted
1970
1970
1972
1971
I
II
III
IV
I
II
III
IV
IP
I
10,341
11,353
10,275
11,255
11,246
11,560
11,085
10,246
12,040
10,474
10,194
11,219
10,152
11,094
11,116
11,404
10,930
10,105
11,904
93
16
2
(*)
63
12
92
17
4
(*)
70
1
93
18
6
(*)
65
4
85
25
5
(*)
67
-12
93
17
3
(*)
64
9
126
20
12
(*)
74
20
90
18
5
(*)
69
-2
110
20
6
1
76
7
113
21
8
2
75
7
6
6
7
7
8
II
I
IV
IP
11,120
11,836
9,869
12,053
11,239
10,965
11,681
9,728
11,917
96
17
3
121
20
12
(*)
69
20
94
18
5
108
20
6
1
74
7
116
21
8
2
78
7
8
IV
10,932
10,970
10,918
11,369
10,327
10,797
10,848
10,757
99
16
2
(*)
69
12
86
17
4
94
18
6
84
25
5
64
1
(*)
66
4
(*)
66
-12
Line
III
III
(*)
1972
1971
(*)
II
67
9
(*)
73
-2
1
2
3
3a
3b
3c
3d
3e
8
6
7
7
6
6
7
7
19
—16
57
—18
—15
—18
—53
—18
—14
—14
—15
-15
—15
—15
-14
-14
12,009
10,437
10,934
10,920
10,781
11,315
11,065
11,753
9,815
12,025
6
251
216
206
369
215
319
298
355
274
251
216
7
10,739
9,957
11,793
10,231
10,565
10,705
10,462
11,017
10,710
11,479
9,564
11,809
8
11,788
11,285
13,301
9,721
9,864
10,023
10,328
10,798
11,756
11,969
11,051
13,418
187
117
61
9
10
10 a
lOb
10 c
8
6
7
7
35
75
3
—35
10,314
11,380
10,241
11,137
11,203
11,524
11,013
10,208
206
369
215
319
298
355
274
10,108
11,011
10,026
10,818
10,905
11,169
9,455
10,069
9,873
10,555
10,517
12,012
4
5
5a
9
116
69
39
8
108
63
38
7
90
43
39
8
120
67
46
7
117
64
46
7
148
89
52
7
185
120
57
8
184
114
63
7
187
117
61
9
116
69
39
8
108
63
38
7
90
43
39
8
120
67
46
7
117
64
46
7
148
89
52
7
185
120
57
8
184
114
63
7
94
93
1
108
107
1
_
77
77
(*)
127
125
2
138
137
1
156
155
1
110
109
1
157
156
1
150
149
1
92
91
1
94
93
1
104
104
(*)
116
114
2
128
127
1
132
131
1
163
162
1
138
137
1
144
143
1
11
lla
lib
-6
-23
-1
-8
-6
-16
52
31
4
4
4
-2
4
-19
4
6
7
-1
7
1
7
-9
7
52
12
12 a
27
9,504
10,069
9,880
10,525
10,495
11,996
11,857
11,296
13,390
9,776
9,882
10,007
10,313
10,793
11,771
11,992
11,088
13,513
13
45
51
39
44
65
49
41
30
31
45
51
39
44
65
49
41
30
31
14
9,459
10,018
9,841
10,481
10,430
11,947
11,816
11,266
13,359
9,731
9,831
9,968
10,269
10,728
11,722
11,951
11,058
13,482
15
810
1,311
361
612
708
-472
-844
-1,088
-1,381
661
1,052
913
468
522
-706
-239
-1,273
-1,488
16
649
993
185
337
475
-778
-1,077
-1,309
-1,566
500
734
737
193
289
-1,012
-472
-1,494
-1,673
17
10,341
11,353
10,275
11,255
11,246
11,560
11,085
10,246
12,040
10,474
10,932
10,970
10,918
11,369
11,120
11,836
9,869
12,053
18
1,679
8,662
8,515
1, 754
9,599
9,464
1,690
8,585
8,463
2,226
9,029
8,868
2,048
9,198
9,068
1,887
9,673
9,518
1,895
9,190
9,035
1,953
8,293
8,152
2,178
9,862
9,726
1,735
8,739
8,592
1,775
9,157
9,022
1,886
9,084
8,962
1,957
8,961
8,800
2,118
9,251
9,121
1,905
9,215
9,060
2,113
9,723
9,568
1,697
8,172
8,031
2,242
9,811
9,675
18a
18b
18c
1,307
690
262
355
1,367
684
313
370
1,412
769
235
408
1,755
929
406
420
1,536
815
318
402
1,438
708
306
424
1,483
768
306
409
1,594
675
396
523
1,555
769
348
438
1,339
677
282
380
1,338
704
324
360
1,572
792
368
412
1,549
877
275
397
1,574
804
341
429
1,458
729
317
412
1,654
777
470
407
1,393
649
272
472
1,748
832
407
509
19
20
21
22
3,330
307
3,636
408
3,323
418
3,495
464
3,242
372
3,357
424
3,445
433
2,648
272
3,488
363
3,470
356
3,520
393
3,356
389
3,450
456
3,380
431
3,253
407
3,500
409
2,590
262
3,431
417
23
24
254
291
116
84
777
648
290
288
111
107
814
674
297
198
47
107
737
631
298
274
104
190
724
694
277
372
194
118
710
687
281
340
153
122
777
692
299
301
104
155
927
664
232
291
139
68
571
664
266
405
192
217
808
774
263
268
97
128
803
646
286
276
102
120
789
658
297
227
59
110
728
664
292
280
118
129
739
683
286
341
162
183
726
685
278
326
140
136
755
671
303
342
127
155
922
681
224
283
147
36
574
659
273
300
90
276
822
681
25
26
27
28
29
30
100
369
499
166
417
473
155
327
452
126
274
449
72
238
396
76
246
399
70
243
352
44
224
282
47
247
360
130
379
497
151
405
443
130
344
467
135
263
473
93
243
392
69
239
372
60
259
369
47
212
293
60
250
352
31
32
33
3,505
2,730
502
2,228
465
204
912
102
378
166
748
479
27
3,796
2,974
552
2,422
503
235
991
94
419
181
783
496
39
3,397
2,860
493
2,367
503
227
959
82
420
176
509
231
29
3,673
3,006
530
2,476
491
241
1,004
81
485
175
620
322
46
3,963
2,961
521
2,440
484
223
1,015
85
448
185
962
626
41
3,941
2,984
532
2,452
514
233
989
102
424
190
892
545
65
3,618
2,888
534
2,354
476
226
990
89
392
181
646
305
83
3,584
2,751
524
2,227
413
203
918
86
438
170
777
438
56
4,263
3,240
628
2,612
517
244
1,077
120
451
203
958
586
66
3,438
2,750
508
2,242
481
215
921
92
368
165
658
387
30
3,598
2,805
514
2, 291
480
220
926
79
419
167
761
480
32
3,683
3,051
530
2,521
509
241
1,022
97
463
189
596
298
36
3,678
2,997
530
2,467
496
234
1,009
94
455
179
637
342
44
3,885
2,993
528
2,465
502
236
1,027
76
439
185
847
505
45
3,735
2,813
495
2,318
491
218
924
86
424
175
869
530
53
3,896
3,047
567
2,480
476
237
1,043
103
428
193
747
388
102
3,575
2,728
521
2,207
414
195
917
98
409
174
795
463
52
4,132
3,231
630
2,601
530
256
1,074
107
434
200
830
464
71
34
35
36
37
38
39
40
41
42
43
44
44a
45
SUEVEY OF CURRENT BUSINESS
40
June 1972
Table 4.—U.S. Merchandise
[Millions of
Line
1965
1966
1967
1968
1969
1970
1971
1 729
1 929
1 092
1 062
2 354
1 270
1 084
2 784
1 755
1 029
3 453
2 378
1 074
3,888
2,736
1,152
1 023
3,652
2,474
1,178
4,406
3,222
1,184
1 183
1960
1961
1962
1963
1964
1,266
1 188
1 301
1 468
TRADE BY EN D-USE— Continued
46
47
48
49
50
51
52
53
54
55
Automotive vehicles, parts, and engines. ,
To Canada
To all other areas
Passenger cars, new and used
Trucks, buses, and special vehicles
Parts, bodies, and accessories, including engines and parts, n.e.c
Consumer goods (nonfood), except automotive . _.
Consumer durables, manufactured
Consumer nondurables, manufactured
Unmanufactured consumer goods (gem stones, precious and nonprecious).
56
Special category (military-type goods)
57
58
59
Exports, n.e.c., and reexports
Domestic (low-value, miscellaneous)
Foreign (reexports) _
__
60
400
866
243
391
632
Foods, feeds, and beverages
Coffee, cocoa, and sugar
Green coffee
Cane sugar
Other foods, feeds, and beverages
66
67
Industrial supplies and materials 10
Fuels and lubricants
_
_. .
Paper and paper base stocks.
.
.
.
Materials associated with nondurable goods and farm output, n.e.s _ _
Textile supplies and materials
Tobacco, unmanufactured
Chemicals, excluding medicinals Other (hides copra materials for making photos, drugs dyes)
74
Building materials, except metals
75
76
77
78
79
Materials associated with durable goods output, n.e.s.10
Stftelmaking materials
Iron and steel products
Other metals primary and advanced, including advanced steel 10
Nonmetals (gums oils resins minerals rubber tires, etc.)
80
81
82
83
84
85
86
87
' 88
89
89a
90
91
92
93
94
95
96
Automotive vehicles,
parts, and engines
From Canada1
FTOTH Canada transactions value
403
336
576
367
824
413
982
432
531
837
560
1,191
1,412
1,548
2,038
2,334
2,255
2,622
1 751
1 799
2 035
2 111
2,334
825
890
47
1 054
47
1 162
' 63
1 222
' 65
1 344
99
2,576
1,020
1 429
128
2,719
1,009
1 587
123
2,846
1,086
1,628
133
601
41
840
826
971
1 025
951
1 229
1,249
1,103
1, 110
1,644
1,359
1,497
493
293
200
549
305
245
583
314
269
629
344
285
723
370
352
680
337
343
798
363
436
743
359
384
851
414
437
1,087
1,503
1,538
869
634
899
639
__ 15, 072
14,759
16, 453
17, 205
18, 749
21, 520
25, 618
26,889
33,226
36,043
39,952
45,602
4,586
1,698
5,271
1,916
1,140
5,238
1,700
6,154
2,085
1,159
6,369
2,113
1,168
_
-
Consumer goods (nonfood) , except automotive
Consumer durables, manufactured
Consumer nondurables, manufactured
Unmanufactured consumer goods (gems nursery stock)
101
Imports, n.e.s. (low value, goods returned, military aircraft, Government
purchased uranium, movies, exhibits.
- ..
706
998
698
809
543
544
3,331
1 581
3 753
1 701
512
961
460
3 573
1 621
3 915
1 786
1 197
501
963
588
1 629
1 750
1,952
2 053
2 129
2,321
2,808
2,888
3,355
3,538
4,069
4,256
7 887
1 580
7 714
1 727
8 573
1 906
8 874
1 931
9 563
2 015
11 024
2 212
12 162
2 247
11, 856
2,233
14, 159
2,509
14, 160
2,777
15, 106
3,057
16,969
3,695
1,098
1,728
1,093
1,718
1,144
1,923
817
134
304
463
973
107
329
513
1 130
2,032
1 043
1,227
2,084
1 009
1,301
2,368
1 162
1,440
2,644
1,243
1,386
2,371
1,015
1,431
2,749
1,180
1, 595
2,658
1,142
1,578
2,866
1,209
1,651
3,154
1,412
122
445
639
137
573
691
148
689
732
117
709
691
111
836
710
847
117
278
486
986
503
955
611
113
326
550
458
142
363
570
3 946
45 499
1,691
1 625
1 062 1 067
443
162
584
610
640
894
638
725
764
89
955
699
540
537
615
660
705
722
784
754
1,072
1,187
1,001
1,336
2 941
2 639
2 985
3 121
3 533
4,421
5,047
5,112
6,398
5,943
6,604
7,134
1 463
1,272
1,808
2,123
2,734
2,191
2,650
1,030
2,871
2,406
1,074
3,814
3,623
1,017
2,606
566
4,128
3,900
1,157
2,742
692
524
508
443
421
502
537
1 197
1 166
713
609
621
562
535
123
413
693
572
136
436
83
114
1 324
494
692
1 347
602
825
3,244
3,067
1,474
341
1,747
378
1,949
460
2,250
502
513
680
190
1,087
247
126
144
177
244
368
191
84
247
110
24
33
52
108
78
25
20
74
40
2,276
1,216
2,389
1,266
811
249
844
280
2,694
1,379
3,305
1,732
1,191
752
781
771
849
1,889
1,000
991
324
239
239
191
228
59
109
177
2,604
1,569
1,407
1,035
1,701
4,256
2, 579
5,288
3,436
5,894
3,525
7,916
4,529
129
1,244
1,901
212
188
154
381
1,883
889
916
178
139
197
971
364
531
212
153
849
783
359
471
102
67
817
734
347
339
116
693
670
44
193
102
750
337
225
665
593
24
151
29
682
352
183
557
467
23
96
9
535
329
151
512
433
17
71
375
318
13
52
749
477
907
214
622
544
30
60
644
245
2
301
767
102
521
9
8
1
661
586
29
383
8
P Preliminary. *Less than $500,000.
.1. The figures shown for exports and imports are the trade totals published by the Census
Bureau, with the following exceptions.
Exports and Imports: Beginning with 1968 data, exports and imports as published by the
Census Bureau include trade in silver ore and bullion. To achieve comparability over time,
all pre-1968 data shown in this table have been adjusted to include silver transactions.
Imports Only: (a) 1962 imports as shown do not include an upward revision of $10 million
which is in the revised 1962 import total published by the Census Bureau, because supporting
commodity detail was not available. This amount is included instead in the balance of payments adjustment shown in line 12, and is in total merchandise imports, balance of payments
basis, lines 13 and 15. (b) 1965 imports as shown here are $92 million higher than imports as
recorded in Census Bureau published statistics. The adjustment, which corrects for large
869
2,819
2, 631
133
121
802
744
2,412
2,282
120
27
971
714
217
749
2,163
1 950
98
22
649
1,490
1 389
642
179
77
673
1,914
2,360
1,020
1,039
1 020
*203
152
62
688
1,422
2,259
823
798
181
618
817
758
1,312
2,229
758
681
168
512
115
73
2
679
588
135
58
11
97
98
99
100
603
914
3,286
1,657
1 002
633
11
From all other areas
Passenger cars, new and used
Trucks, buses, and special vehicles
-_
-- - -Parts, bodies, and accessories including engines and parts, n.e.s
357
358
1,015
19
Capital goods, except automotive
Machinery, except consumer-type
Electrical and electronic and parts and attachments
Nonelectrical, and parts and attachments
Construction, textile and other specialized-industry machinery, and
nonfarm tractors and parts.
Other industrial machinery and parts n e s
Agricultural machinery and farm tractors and parts
Business and office machines, computers etc , and parts
Scientific, professional, and service-industry equipment and parts;
and miscellaneous transportation equipment.
Civilian aircraft, engines, parts
_
Civilian aircraft, complete— all types
11
1 558
867
15
._.
68
69
70
71
72
73
1 455
637
8
_
.
1,441
529
939
295
310
864
570
866
...
_
562
826
469
832
272
265
764
579
847
_
Merchandise imports, Census basis J (line 9)
61
62
63
64
65
1,396
371
817
236
321
632
110
48
40
3,972
2,279
3,082
8,123
301
602
479
981
705
720
1,228
1,464
1,991
3,912
2,108
1,349
4,213
2,190
1,556
5,375
2,799
2,009
6,616
3,535
2,480
7,553
4,068
2,960
8,562
4,682
3,317
1,000
1,219
1,347
1,471
1,399
1,588
814
994
174
465
455
467
1,677
2,796
567
1,853
3,355
601
2,369
3,710
525
3,387
5,091
834
563
irregularities and some omissions in the monthly receipt of documents by Census during
the last 6 months of 1965, has been distributed in the accompanying commodity detail, lines
2. Mainly net additions to or liquidations of U.S.-owned grains in storage in Canada,
and exports of electrical energy.
3. Mainly exports of exposed motion picture film for rental rather than sale, and exports to
Panama Canal Zone. Prior to 1966, also includes transfers of goods procured offshore under
nonmilitary aid programs.
4. Irregular and occasional adjustments; valuation adjustments for goods considered to
be underpriced or overpriced in Census data; timing adjustments for goods recorded m Census
data in one period but found to have been shipped in another; and coverage adjustments for
special situations in which shipments were omitted from Census data.
SURVEY OF CURRENT BUSINESS
June 1972
41
Trade—Continued
dollars]
Not seasonally adjusted
1970
Seasonally adjusted
I
II
908
607
301
179
143
586
1,101
806
295
303
148
650
814
534
280
179
138
497
829
527
302
176
131
522
666
243
393
30
704
256
416
32
661
237
394
29
685
271
383
32
III
IV
1970
1972
1971
II
III
IV
IP
I
II
1,101
784
317
290
149
662
1,222
920
302
353
164
704
1,009
698
311
249
156
604
1,074
821
254
292
131
651
1,211
903
308
287
157
768
917
611
306
165
143
609
1,009
727
282
291
130
588
992
683
309
267
152
573
673
248
393
32
724
269
420
35
796
288
477
30
653
280
337
36
831
338
452
40
674
246
400
28
676
242
403
31
682
252
396
34
I
1972
1971
III
Une
I
II
III
754
471
283
141
135
478
1,111
789
322
268
150
693
1,118
828
290
338
144
636
1,223
884
339
366
170
687
975
738
237
239
135
601
1,209
899
310
260
156
793
46
47
48
690
269
389
32
680
251
400
29
694
254
406
34
813
303
475
35
655
277
342
36
832
341
455
36
52
43
54
55
IV
IV
IP
49
50
51
289
364
283
423
362
452
362
321
290
289
364
283
423
362
452
362
321
290
56
336
202
134
385
221
164
385
221
163
397
225
172
368
214
154
426
242
184
372
224
148
372
219
153
403
237
166
347
210
137
377
220
157
402
234
168
374
205
169
377
220
157
410
236
174
388
236
152
360
206
154
411
242
169
57
58
59
9,455
10,069
9,873
10,555
10,517
12,012
11,788
11,285
13,301
9,721
9,864
10,023
10,328
10,798
11,756
11,969
11,051
13,418
60
1,473
494
292
131
979
1,566
554
307
206
1,012
1,490
534
278
214
956
1,626
503
283
174
1,123
1,470
499
293
147
971
1,692
561
308
210
1,131
1,895
687
398
248
1,208
1,312
366
169
159
946
1,764
565
310
205
1,198
1,553
528
290
191
1,025
1,563
552
326
184
1,011
1,487
506
270
177
981
1,550
499
272
171
1,051
1,550
535
286
210
1,015
1,688
557
325
186
1,131
1,875
648
386
206
1,227
1,255
365
166
159
890
1,825
595
284
282
1,230
61
62
63
64
65
3,650
846
3,758
710
3,738
705
3,959
796
3,854
834
4,512
862
4,483
959
4,121
1,040
4,791
1,195
3,681
773
3,659
740
3,771
741
3,986
801
3,882
748
4,398
900
4,486
1,002
4,156
1,043
4,733
1,067
66
67
399
746
314
49
209
174
396
736
309
30
227
169
372
672
285
16
195
176
411
712
301
16
205
191
385
803
343
34
242
183
434
875
383
31
269
193
403
826
373
18
269
166
429
650
313
6
174
156
421
984
404
53
291
237
413
687
297
25
203
162
389
710
299
28
212
171
382
721
291
40
204
186
393
758
323
29
216
190
392
737
319
17
232
169
426
848
370
30
252
196
411
876
378
43
280
175
412
690
338
11
185
156
425
893
373
26
276
218
68
69
70
71
72
73
245
252
264
277
326
361
361
443
74
1,650
155
676
562
257
1,905
227
670
€76
332
75
76
77
78
79
220
260
266
255
261
345
383
347
419
238
1,439
116
410
646
267
1,657
184
523
684
266
1,723
238
576
663
245
1,786
196
682
656
252
1,572
137
605
577
253
1,995
240
804
662
289
1,911
235
773
625
278
1,656
171
688
542
255
1,774
144
586
705
339
1,570
187
481
635
267
1,575
172
498
644
261
1,675
198
531
697
249
1,770
176
667
675
252
1,728
218
703
558
249
1,898
225
766
623
284.
1,836
194
709
653
280
931
889
235
653
138
987
935
256
679
144
933
891
260
631
147
964
908
266
642
137
1,010
952
264
688
159
1,099
1,033
302
731
178
1,043
979
289
690
193
976
936
302
634
161
1,371
1,282
360
923
240
924
882
232
650
134
957
905
258
647
144
951
909
262
647
145
984
929
266
663
143
1,000
942
261
681
154
1,065
999
303
696
178
1,055
991
289
702
188
999
959
304
655
168
1,336
1,248
349
899
229
80
81
82
83
84
247
106
107
56
247
101
126
61
236
77
110
61
241
75
128
60
239
106
126
57
259
102
131
61
225
87
126
59
193
70
148
61
283
133
189
78
251
99
108
58
239
84
119
61
236
89
118
59
246
88
126
60
243
99
127
58
250
84
123
61
223
99
134
58
198
82
146
61
282
122
187
79
85
86
87
88
42
16
52
15
42
9
55
9
58
13
66
13
64
8
40
6
88
16
42
16
52
15
42
9
55
9
58
13
66
13
64
8
40
6
88
16
89
89a
1,439
875
1,605
1,013
1,246
701
906
1,604
935
1,891
1,091
1,792
941
2,154
1,284
1,538
924
1,480
808
1,831
1,085
1,933
1, 108
1,991
1,114
564
954
161
324
882
1,128
837
958
1,080
977
669
965
217
421
694
977
545
725
175
347
820
1,113
593
1,065
166
373
954
800
1,240
168
483
851
1,140
197
455
869
1,331
270
552
1,389
866
775
523
908
164
317
1,497
930
810
2,339
1,286
1,187
1,053
1,510
225
604
2,196
1,242
624
2,080
1,213
1,058
867
1,380
199
501
2,221
1,256
782
567
957
178
362
614
929
207
402
672
914
176
390
746
1,185
172
474
825
1,235
214
484
954
1,446
229
521
877
1,262
219
510
965
1,414
224
583
90
91
92
93
94
95
96
1,652
872
648
132
1,809
979
705
125
2,084
1,106
852
126
2,007
1,112
753
142
1,891
1,000
761
131
2,205
1,222
832
151
2,168
1,114
914
140
2,298
1,347
809
142
2,634
1,470
988
176
1,830
984
708
138
1,850
1,005
718
127
1,897
1,023
746
128
1,962
1,047
783
132
2,092
1,127
828
137
2,254
1,255
846
153
1,955
1,020
794
141
2,254
1,275
846
133
2,864
1, 628
1,056
180
97
98
99
100
308
343
376
372
382
404
392
409
402
342
338
371
346
425
398
384
381
439
101
5. Correction for discrepancy between sum of four quarters, seasonally adjusted, and the
unadjusted recorded annual totals.
6. Exports of military equipment under U.S. military agency sales contracts with foreign
governments to the extent such exports are identifiable from Census export documents.
These exports are included in table 2, line 3: "Transfers under U.S. military agency sales
contracts."
7. Mainly imports of electrical energy.
8. Mainly foreign charges for repair of U.S. vessels abroad, which are included in tables 2,
3, and 9, line 20 (Other transportation); also imports from Panama Canal Zone, and imports
of domestically-owned grains returned from storage in Canada.
9. Merchandise imported directly by the Department of Defense, as well as "defense"
imports of the Coast Guard and Atomic Energy Commission, to the extent such imports
are identifiable from Census import documents and verifiable from separate reports of the
importing agencies. These imports are included in tables 2, 3, and 9, line 17: "Direct defense
expenditures."
10. Includes exports and imports of silver ore and bullion for all years (see footnote 1 reference to treatment of silver in Census statistics).
11. Includes downward revisions in the Census/Customs value of automotive imports
from Canada which have not yet been incorporated in the Census Bureau's published import statistics as shown in line 60, above. These revisions, annually, are valued as follows:
1971, -$71 million; 1970, -$31 million; 1969, -$26 million.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SUEVEY OF CUEEENT BUSINESS
42
June 1972
Table 5.—Major U.S. Government Transactions
[Millions of dollars]
Line
1969
1970
I
A. 1
la
U.S. Government grants (excluding military) and capital flows increasing Government assets,
total (table 2, lines 30, 34, and 35, with sign reversed)
Seasonally adjusted
_
19'n
19 70
1971
II
III
IV
I
1972
in
II
IV
IP
5 032 5 036 6 041 1 299 1 404 1 060 1 274 1 644 1r 741 1 227 1 429 1 396
1,268 1,258 l',214 1,297 l',611 l ,695 I'sss l',458 1*862
By category
2
3
10
11
12
13
14
15
16
Grants.net
.
Credits repayable in foreign currencies _
...
Other foreign currency assets (excluding administrative cash holdings), net...
Receiptslrom— "
'
,
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
17
18
19
20
21
22
23
24
25
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
4
5
6
7
g
9
1 644 1 734 2 045
432
199
156
—120 —31 —182
333
200
142
2
8
287
188
152
1
8
444
112
—46
442
34
45
400
20
—30
448
33
(*)
465
90
—84
524
24
—50
503
19
2
553
23
—50
589
20
—33
101 85 38 63 39 63 26 36 42
164
47
181
46
50
46
40
45
55
38
48
32
47
36
157
37
35
45
43
34
49
1 (*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
8
1
1
1
3
2
2
2 U3
8
48
98
2
84
66
696
26
31
22
2
83
50
841
—8
49
14
1
84
48
570
52
44
53
102
84
16
15
2
2
3
70
77
95
69
35
49
681 1,134 1,219
4 —25
43
19
14
1
64
99
612
—8
81
16
2
81
64
807
33
79
15
5
78
44
848
—73
1 156 1 164 1,151 328
2 136 2 083 2 626
507
1 258 1 091 1 423 303
246
66
234
184
556
66
257
330
347
346
84
350
329
310
84
334
(*)
2
29
25
116
349
561
339
50
101
98
83
207
510
172
48
76
80
84
280
506
277
69
87
85
77
239
736
481
35
142
76
70
429
762
384
49
135
101
95
234
568
238
99
87
75
64
249
560
320
64
193
94
81
266
605
403
44
127
100
78
—11
51
47
5
—25
-9
32
—72
146
181 246
149
128
313
8
8
12
310
334
329
234
246
184
2,861 2,788 3,772
113
30
By program
By disposition 1
26
27
28
29
30
31
32
33
34
35
B.I
la
2
2a
3
4
5
6
7
8
9
10
lOa
11
lla
12
13
14
15
16
17
17a
18
19
20
21
21a
22
23
24
25
Estimated transactions involving no direct dollar outflow from the United States.
4 298 4 339 5,160 1, 117 1,224
Expenditures on U.S. merchandise
891
3 094 3 111 3 322 827
221
224
Expenditures on U.S. services 2
825
791
818
Military sales contracts financed by U.S. Government credits 3 > 4 (line
B.14)
607
70
101
528
361
2
U.S. Government credits 3to repay prior U.S. Government credits
47
396
144
48
165
90
U.S. Government credits to repay prior U.S. private credits
432
310
58
140
Increase in claims on U.S. Government associated with Government grants and capital flows
increasing Government assets (including changes in retained accounts) (line B.17)
26
—9 -18
—14 —30
Less foreign currencies used by U.S. Government other than for grants or credits (line A.13) —
84
83
310
334
329
Less dollar recoveries on short-term claims
financing military sales contracts and U.S. Govern132
27
52
74
ment credits to repay private credits 3
••
.
13
Estimated dollar payments to foreign countries and international and regional organizations
182
180
734
697
through U.S. Government grants and capital flows increasing Government assets
881
Nonliquid liabilities reported by U.S. Government, including medium-term securities and long-term
obligations pavable prior to maturity only under special conditions, net increase (-{-) -- _- -Seasonally adjusted
To foreign official reserve agencies (table 2 line 54)
Seasonally adjusted
U.S. Treasury securities issued in connection with Columbia River downstream rights
U.S. Treasury securities issued in connection with prepayments for military purchases in the
United States (line B 13)
U.S. Treasury obligations to be liquidated against U S claims
U S Treasury securities not included elsewhere ^
Export-Import Bank securities not included elsewhere
Other
To other official and private foreigners (table 2 line 55)
- -Seasonally adjusted
Associated with military sales contracts 6
___.
Seasonally adjusted
U.S. Government receipts from foreign governments "(including principal repayments on
credits financing military sales contracts) net of refunds
Less U.S. Treasury securities issued in connection with prepayments for military purposes
in the United States (line B 4)
Plus military sales contractsfinancedby U.S. Government3 credits 3, ' (line A. 29)
Less U S Government receipts from principal repayments
Less transfers of goods and services (including transfers financed by credits) (table 2, line 3) _ .
Associated with U.S. Government grants and capital flows increasing Government assets 8
(line A. 32)..
.
. .
Seasonally adjusted
Non-interest-bearins securities issued to IDA to IDB or to U N for special programs
Foreign funds retained in U.S. Government accounts 'for purchases in the United States
Other..
Other
Seasonally adjusted
German Government 10-vear loan to U S Government
Associated with U S Government nonmilitary sales
and miscellaneous operations
U.S. Treasury securities not included elsewhere 5
p Preliminary.
*Less than $500,000 (±).
1. The identification of transactions involving direct dollar outflow from the United States
is made in reports by the operating agency. However, such data for third and fourth quarters
1970, for all quarters 1971, and for first quarter 1972 are only extrapolated estimates by BE A,
because of incomplete reports from one operating agency.
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. Lines A.29 and A.31 include some short-term U.S. Government claims, collections of
which are recorded in line A.34. Collections of those short-term claims recorded in lines A.29
and B .14 are included in line B .15.
4. 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.
105
102 -145
—162
535
-30
-30
11
111
32
648
4
(*)
—46
4
—70
-287
—304
341 -259
-266
—24
2 —14
—4
375 —242
2
4
(*)
267 —433 -486
486
528
743
735
89
32
800
921 1,078 1,480 1,564
772
621
803 1,078
212
221
184
197
62
246
249
129
216
37
48
33
121
96
105
66
—3
84
(*)
77
36
52
25
20
73
164
177
258
282
199
235
153
187
280
280
-72 -101 -207
36 -134
68 -191 -105 -IS -197
-3
-2g
-4
55
-5
-9
-8
77
— 12
—30
—3
2
90
860 1,046
P
11
111
361 607
528
322
348
290
1,512 1,478 1,922
207
207
182
265
14
70
39
256
89
101
135
487
—3
129
32
303
—5
62
117
433
-30
26
-9
-18
-18
-13 -30
(*)
(*)
100
65
26
(*)
103
(*)
—15
75
-10
(*)
H
100
-5
8
-18
(*)
—14
-14
75
25
(*)
n
—15
—14
(*)
n
-3 (*)
-8 (*)
-4
1
66
66
75
—9
(*)
—1
—5
(*)
—15
(*)
78
9
—189
-268
-218
-297
-14
25
81
197
41
80
—22
17
1,443
1
64
25
-257
-207
—225
—175
-615
—5
95
139
-28
—38
—4
—14
180 -468
6
70
969 1,147 1,197
721 898
720
219
167
187
45
68
73
43
90
91
59
148
98
-4
2
—2
170
350
866
-24
-1
375
282
—2
•(*)
-70 -97 -204 -115 -127
-97
-5 -m -196 -143
-72 -203 -201 -139 -128
-99 -111 -185 -220 -144
270
214
358
246
46
475
24?
122
600
—1
68
55
429
-1
45
6
6
-5
-5
1
1
204
5
-5
1
— 1 (*)
(*)
111
29
/
111
29
10(
—4
6
29
6
(*)
124
419
25
234
73
103
332
(*)
25 (*)
25
1
(*)
(*)
-4 (*)
-4 (*)
81
-2
1
1
-5
]
1
5. Includes securities payable in U.S. dollars and in convertible foreign currencies.
6. 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
and the other tables are partially estimated from incomplete data.
7. Consists of transfers of military goods and services financed by U.S. Government credits
(included in line B.16) and of increases in Defense Department liabilities (on military sales
contracts) which arise from advance payments to the Defense Department financed by credits
to foreigners by U.S. Government agencies.
8. Excludes liabilities associated with military sales contracts financed by U.S. Government credits and included in line B.ll.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
June 1972
STTKVEY OF CUEEENT BUSINESS
43
Table 6.—Direct Investments and Securities Transactions
[Million of dollars]
(Credits+; debits-)
1969
1970
1971
I
II
1972
1<)71
1£170
Line
III
rv
—435 —1 560 —1 687 —1 330
I
III
II
rv
IP
1 U.S. direct investments abroad (table 2, line 39)
—3,254 —4, 400 —4 765 —1 564 —1 634
—767
2
3
-2, 987 —3, 541 —3,677 —1 385
—203 —691 — 1 132 —750
—573
—278
—586
—51
—2, 099 —2, 339 —1 932
—494
-2, 407 -2, 666 -2, 310
—509
327
308
378
15
—27
—112
—233
—90
—984
—234
—115
—561
—599
38
—74
-16
—512 —1 371 —1, 110 —1 181
—662
663
—456
—240
—633 —705
533
g
249
—108
—236
—492
—118
—918
—230
—301
—484
—391
—895
-350
—454 —1 105
—326
—515 —1, 119
201
49
210
96
31
63
4
—10
—16
—5
—37
—32
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
—172
n.a.
—78
—264
n.a.
n.a.
n.a.
n.a.
4
5
6
7
g
9
10
11
12
13
14
Transactions with foreign incorporated affiliates.
Intercompany accounts* short-term
long-term
Capital stock
and other equity, net
Increase1
. .
Decrease 2
Miscellaneous 3
_
Branch accounts
__
By industry of foreign affiliate *
Mining and smelting
Petroleum
Manufacturing
Other.
...
_
Foreign direct investments in the United States (table 2, line 48)
15
16
17
18
19
Transactions with U.S. incorporated affiliates
Intercompany accounts. _
_.
Capital stock and other equity, net
Increase *.
_
_ __ __
Decreases..
20
Branch accounts
21
22
—267
.
_
_
..
_
__
-148
—277
—8A9
—198
—86
148
—846
—563
—606
— 82
—111
—822
—879
—376
—508
—406
—845
-106
—76
—S8S
—519
—934. —1 460 —1 940
—1, 164 —1, 295 —1 468
-1,080 -1,262
—887
—56
—407
—697
-404
—105
—740
—898
—896
—24
-117
-819
1,030
—67
491
104
245
190
124
1
-374
181
-335
794
273
521
538
—17
<- 994
206
788
796
—8
—153
-384
232
255
—23
495
51
444
449
—5
112
38
74
74
(*)
218
54
164
167
-3
168
62
106
106
(*)
126
85
41
46
—5
-8
—6
—2
16
—18
—395
—538
143
143
(*)
125
75
50
50
(*)
-355
-402
47
54
—7
38
36
86
—4
—8
27
22
10
21
57
20
—AS
—40
196
106
220
23
68
_
__
_
._
U.S. securities, excluding Treasury issues, net foreign purchases (+), balance of payment basis (table 2, line 49, or lines 54+61 below)
87
120
-942
—909
-210
93
—488
—337
-361
-372
-249
73
—388
—517
-69
88
-67
—49
—29
87
—5
g
—26
5
—83
—68
—3
—85
—11
—120
—10
2
—5
164
-3
83
—3
—19
-178
—467
-156
—143
-311
—21
10
—294
—6
—68
-145
—15
77
108
—20
12
—23
-110
-8
-8
—102
57
—26
—133
7
-3
10
19
29
-24
—14
157
-3
-3
160
28
64
90
—22
-286
—84
-884
—84
—222
—145
(*)
—77
115
22
34
17
—7
—22
-424
—548
-199
—22
-60
-267
142
—18
-19
2
—3
2
—180
-28
35
—92
-130
—83
—74
35
27
—7
17
—2
38
30
5
—2
5
—83
—5
—66
—10
—2
—74
29
—47
—52
—5
—259
—5
—1
—255
—318
—148
—94
—76
—S02
—15
—262
-262
—436
—301
—20
—115
81
—18
—31
4
4
5
—287
—460
—180
—6
—63
—212
122
51
10
26
—1
16
127
47
47
—19
-6
25
—20
-256
—374
—153
—7
—49
—165
116
3
23
—28
7
1
792
559
196
606
921
1,066
A72
19
78
6
—6
3
280
583
491
75
326
90
78
—16
55
39
—3
—35
—15
47
230
-3
175
58
JUS
9 85
11
—20
—20
-14
—11
—6
133
20
—118
—41
72
-15
—15
87
56
48
7
—24
—988
-1, 026
—884
—17
—69
—15
—18
—20
— 1 028
—874
—889
— 1 512 — 1 311 — 1 492
— 1 127
—760
—779
—32
—117
—33
—189
—193
—304
—164
—241
—376
478
434
480
3
6
123
—55
114
—61
80
—4
47
2
19
—7
—15
—8
20
—888
—67
20
—88
—281
—418
—314
—8
—47
—49
127
10
—10
16
3
1
58
—99
—58
(*)
—41
(*\
125
32
(*)
34
6
—8
—856
Al
1
—396
—476
—241
—15
—28
—192
101
—21
—14
—7
6
—6
2 190
304
374
720
3,112
51
52
53
54
55
56
57
stocks, net Treasury basis 8
plus: exchange of stock associated with U.S. direct investment abroad
plus: other adjustments .
Stocks, net, balance of payments basis
_
_ _ __ . _
Canada
_ _
Western Europe _
Other
1 A87
127
8
—A8
1,565
161
1,117
287
58
59
bonds, net, Treasury basis 5
plus: proceeds obtained by U.S. parents from securities issued by Netherlands Antilles finance subsidiaries
plus: other adjustments
Bonds, net, balance of payments basis
New issues sold abroad by U.S. corporations 7.
of which, denominated in: Dollars
_
German marks.
Investments by International and regional organizations in nonguaranteed bonds of U.S. federally sponsored agencies
_
Other transactions in U.S. bonds
1,195
2 282
628
79
—5
697
—8
554
151
745
94
11
849
—82
733
198
—97
12
—I
—86
—93
—21
28
—188
Al
-2
—94
2
—77
—19
881
7
—2
386
g
326
52
36
-9
-8
45
-15
91
-20
-11
-40
96
^544
-28
518
54
679
—57
637
99
945
684
808
208
225
208
SA9
-I
219
117
458
292
59
1,547
1,029
708
217
468
80
1,493
822
611
54
758
—8
1,433
1 161
933
55
77
5
390
163
127
188
72
468
267
238
11A
-5
334
193
136
27
89
9
301
199
110
27
182
201
157
481
317
290
199
263
200
55
376
225
177
268
-8
377
356
266
85
10 —156
387
309
240
336
182
324
347
39
233
94
133
94
107
86
55
50
52
128
36
-49
-14
27
124
-67
87
26
52
p Preliminary.
"Less than $500,000(±).
n.a. Not available.
1. Acquisition of capital stock of existing and newly established companies, capitalization
of intercompany accounts, and other equity contributions.
2. Sales and liquidations of capital stock and other equity holdings, total, and partial.
3. Includes security issues placed with outside interests in the United States, the amortization of these security issues, and verified transactions of non-reporters not classified by type
of transaction.
4. Mining and smelting includes the exploration and development of mining properties, the
extraction of raw ores and the processing necessary for basic refined metals. Petroleum includes
the exploration, development and production of crude oil and gas, and the transportation,
refining and marketing of petroleum products exclusive of petrochemicals. Manufacturing
excludes petroleum refining and the smelting operations of mining companies. "Other" industries includes all industries except those previously listed, the major ones being agriculture,
public utilities, transportation, trade, insurance, finance and services.
—67
-79
202
-1,289
832
281
bonds, net, Treasury basis 5
_
less: recorded in line 1 as U.S. direct investment abroad
plus: other adjustments.
Bonds, net, balance of payments basis.
Newly issued in the United States
Canada
_
Latin America ._
_ _ _
Other countries
International
6
Redemptions of U.S. held foreign bonds _
Other transactions in outstanding bonds 6 _ _
_ _
Canada
„
_
Western Europe _
Japan
Other
_
_
66
—578
—651
546
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
60
61
62
63
64
65
—189
—179
567
Of which: manufacturing affiliates *
26
27
28
29
30
31
32
33
34
50
77
-1, 088
Foreign securities, net U.S. purchases (— ) balance of payments basis (table 2,
line 40 or lines 27+38 below) .
—1,494
stocks, net, Treasury basis 6
_ , . _ _ _ _
less: recorded in line 1 as U.S. direct investment abroad
...
plus: exchange of stock associated with direct investment in United
States.plus: other adjustments
Stocks, net, balance of Day ments basis
Newly issued in the United States
of which: Canada
Other foreign stocks
Canada
Western Europe
_ _
_
Japan
_
Other
23
24
25
-859
-188
5. As published in Treasury Bulletin.
6. Redemptions measure scheduled retirements and identifiable premature retirements of
U.S. held foreign debt securities. Unidentifiable nonscheduled retirements appear in line 45.
7. Securities newly issued by finance subsidiaries incorporated in the Netherlands Antilles
are included to the extent that the proceeds are transferred to U.S. parent companies.
8. Includes major transactions that are recorded in table 2, line 48, as foreign direct investments in the United States.
9. Includes $11 million of proceeds from a new issue of stock sold abroad by a U.S.
corporation.
10. Mainly reflects exclusion of investments by foreign official reserve agencies in nonguaranteed bonds of U.S. federally sponsored agencies. These investments are included in
table 2, line 57.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SUEVEY OF CUEEENT BUSINESS
44
June 1972
Table 7.—Claims on Foreigners and Nonliquid Liabilities to Private Foreigners Reported by U.S. Banks and Nonbanking Concerns
[Millions of dollars]
(Credits (+). increase in U.S. liabilities or decrease in U.S. assets.
Line Debits (— ). decrease in U.S. liabilities or increase in U.S. assets.)
19'n
19 70
1969
1970
1972
1971
I
II
III
IV
I
II
in
IV
IP
Amounts
outstanding
ing
Mar. 31,
1972
Claims reported by U.S. banks:
A.
1
Long-term (table 2, line 41)
2
Short-term, riQnliqnid (tablf- 2, line 42)
317
7
8
9
10
Payable in dollars
By type:
Loans
Acceptance credits
Collections outstanding
By area:
Canada
Western Europe *
Japan
Other
11
12
Payable in foreign currencies
Of which Canada
3
4
5
6
13
-658
.
...
Short-term, liquid (table 2, line 43)
14
15
Payable in dollars
Of which Canada
16
Payable in foreign currencies
By type:
Deposits
-.
Foreign government obligations and commercial and finance paper
_
__ _
By area:
Canada
Other
17
18
19
20
__
..
175
-565
— 1, 023 —1,807
24
49
22
80
25
-153
—237
—200
—198
3 838
13
—461
275
—850
111
—377
—481 — 1 060
—310
11 204
4
—457
280
—758
42
—385
—482
—975
—345
11 065
—12
158
—26
—243
—188
86
231
—37
179
—929
—8
51
—64
55
—400
59
—44
—430
—59
7
—678
-194
—103
—204
—140
4 179
4 410
2,476
—47
2
—221
—191
24
2
179
75
—54
48
-568
-184
—46
8
17
39
163
—405
-279
1
—5
—151
—277
404
—65
—38
—215
-33
-99
—48
—251
-652
—931
-116
—315
-221
227
—783
—375
—85
—216
—243
-108
—51
2
-468
-414
—517
—358
—832
—6
(*)
—92
—83
_7
—7
9
1
—4
1
—5
—9
—92
—76
69
61
—209
—99
—566
236
—133
18
—220
—2
22
—341
-149
—161
-97
—37
-342
—321
144
97
—85
—67
5
9
-161
—76
11
35
31
15
-250
—132
—60
—2
-224
92
13
-59
—13
—9
-16
1
—3
-10
—44
—3
-27
40
—34
-30
43
-7
-52
-10
1
—40
-20
—45
43
—65
—159
50
42
—50
2
6
7
—51
-8
—12
—1
20
-29
— 1, 800
— 1 457
—258
—85
—142
—93
26
—50
142
-197
-114
52
—48
-14
—214
—324
-389
—1
628
292
-209
1,599
3,754
5,084
35
19
139
82
—245
—424
2,744
-134
—239
—330
—143
1,982
-91
—111
-94
762
-88
-96
-31
579
-3
—4
-87
—85
-80
829
-15
-63
183
—69
—42
—138
44
403
359
Claims reported by U.S. nonbanking concerns:
B.
-424
-586
—109
—381
—12
—129
-64
-33
—11
-31
-34
-74
3,387
—73
—361
-555
-54
—42
16
—281
—67
—160
-64
—264
100
3,680
228
58
-314
-21
37
61
—24
11
—38
22
-9
-10
-76
-205
-50
-155
-23
14
-24
-14
-108
-35
-32
-3
—29
-17
8
—10
-8
-2
14
—174
2
—176
-3
-12
-17
-20
—124
-21
-43
8
-51
16
4
14
-18
-67
-67
167
-42
—19
-22
-40
-30
38
-80
11
—91
14
—14
—15
-11
-65
8
-27
—23
—57
—26
—55
—1
-360
63
-423
-40
—57
-39
-74
-213
371
351
-506
—5
—103
56
403
-324
-8
238
376
-423
-53
-39
137
331
-302
40
-78
268
-30
365
11
—354
-31
-8
144
-7
280
51
-286
-69
—28
—25
51
—11
-57
—21
—162
339
61
142
287
-53
-98
200
—194
-131
—207
4
92
41
—26
342
15
—334
-46
-36
60
-63
—33
-4
90
-46
—109
109
-78
133
—25
-83
48
—64
-81
72
—22
—48
147
—14
12
—37
-84
1
26
22
-15
—49
—66
—15
67
5
2
—24
-71
23
_-
—16
149
—39
14
-37
-46
17
31
—29
-35
—70
—11
43
29
-10
—12
U.S. dollar deposits in Canadian Banks:
As reported by major U.S. corporations other than banks (included in line B. 14)
As reported in Canadian banking statistics
— 136
—328
186
84
-49
-118
160
57
-14
88
27
-58
—87
47
160
112
—100
-249
-344
7
2
19
—44
22
15
1
Long-term (table 2, line 44)
2
Short-term, nonliquid (table 2, line 45)
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Reported by brokerage concerns _
Reported by others
_
Payable in foreign currencies
Payable i n dollars
Canada
_
United Kingdom
European Economic CommunityJapan
_ _ __
Other
_ _ _ _ _
_.
-_
Short-term, liquid (table 2, line 46)
Payable in dollars
__
_
By type:
D eposits (of maj or U.S. corporations only)
Other claims (of major U.S. corporations only)
By area:
Canada
United Kingdom
_
__ __
Other
__
__
Payable in foreign currencies
__
By type:
Deposits
__ _
Other claims (of major U.S corporations only)
By area:
Canada
Other
-301
—112
—189
-34
-521
-112
13
41
—534
—153
-30
-49
-72
-69
-272
379
-26
-49
—59
-23
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
3,311
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-31
-325
2,032
-83
-206
1,475
-62
-21
-143
1,194
-50
-59
26
-207
602
594
279
-65
52
-119
557
-80
15
65
-13
-39
-80
357
200
20
-68
—11
-54
-36
88
-69
-50
260
297
54
45
-16
82
-93
-173
6
-72
-25
—73
—152
-160
—61
-73
-71
-78
35
-33
204
186
963
632
3,705
—16
65
-143
6
-278
-121
-63
-49
50
281
Memorandum:
24
25
C.
-186
-114
949
Nonliquid liabilities to private foreigners reported by U.S. banks.
1
2
D.
Long-term (table 2, line 52)
Of which International and regional organizations
_ _ _
23
Nonliquid liabilities to private foreigners reported by U.S. nonbanking concerns.
1
2
Long-term (table 2, line 50)
_ -Of which reported by Netherlands Antilles finance subsidiaries 2
-
701
1,112
233
90
325
200
497
164
32
-218
255
-89
106
313
274
36
96
1
180
89
37
32
115
-5
729
3
4
5
6
7
8
9
10
11
Short-term (table 2, line 51)
- Reported by brokerage concerns
Reported by Netherlands Antilles finance subsidiaries 2
Reported by others
_
P ay able in foreign currencies
_ _
Payable in dollars
Canada
Western Europe *
Other. .
_
_ ___
__
91
-202
116
177
4
173
35
16
122
902
—85
456
531
26
505
-58
—38
-4
-16
-39
23
100
-66
56
110
40
70
-10
85
-5
168
—34
49
153
33
120
2
39
79
211
—43
128
126
14
112
5
7
100
423
58
223
142
-61
203
3
142
58
-262
162
-187
-237
-35
-202
-17
-165
-20
-79
-91
74
-62
-24
-38
-10
-91
63
156
-86
66
176
4
172
-6
56
122
127
-23
43
107
16
91
14
93
-16
3
14
-51
40
3,799
__
273
232
p Preliminary.
*Less than $500,000 (db).
n.a. Not available.
1. Includes United Kingdom, European Economic Community and other Western European countries.
2. Funds obtained by finance subsidiaries incorporated in the Netherlands Antilles from
-19
-107
149
n.a.
n.a.
n.a.
n.a.
n.a.
325
795
2,679
n.a.
n.a.
n.a.
n.a.
n.a.
sources other than sales of newly issued securities are included to the extent that they are
transferred to U.S. parent companies.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SUKVEY OF CURRENT BUSINESS
June 1972
45
Table 8.—U.S. Liquid Liabilities to All Foreigners, Nonliquid Liabilities to Foreign Official Reserve Agencies, and U.S. Official Reserve
Assets, Net
[Millions of dollars]
(Credit (+): increase in U.S. liabilities or decrease in U.S. assets.
Debt (— ): decrease in U.S. liabilities or increase in U.S. assets.)
1970
1 Liquid liabilities to all foreigners (table 2, lines 56, 57)
8,145
1,397
2
8,662 -6,240 -6,691 -1,697
-132
9,166 -6, 508 -6, 908 -1,688
-191
Liquid liabilities to private foreigners (table 2, line 56)
3
To foreign commercial banks
3a
Seasonally adjusted
4
5
-- -
6
7
8
9
Demand deposits
Time deposits 2
U.S. Treasury bills2and
certificates * _
Other obligations * 3
10
To international and regional organizations
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
Demand deposits
_
_
Time deposits 2
U.S. Treasury obligations:
Bills and certificates
Bonds and notes
_
Other obligations 2 3
..
-100
-6
-6
-10
2,090 -1, 448 -1,059
1
398
-63
181
682
142
-11
-29
7
75
4
33
24
48
-33
-26
158
-1
130
516
86
(*)
—16
-441
-388
21
64
-50
Demand deposits
Time deposits 2
U.S. Treasury obligations:
Bills and certificates
Payable in U.S. Dollars
Payable in foreign currencies
Bonds and notes, marketable .
.
Bonds and notes, nonmarketable, convertible
Payable in U.S. dollars
Payable in foreign currencies .
Other obligations 2 4
To International Monetary Fund
6
Nonliquid liabilities to foreign official reserve agencies (table 2,
lines 53 & 54).
_
Export-Import Bank obligations _ _ _ _
45
U.S. Treasury obligations to Germany to be liquidated against
U.S. claims
U.S. official reserve assets, net (table 2, line 58) _
47
48
49
50
Gold (table 2, line 59)
SDR (table 2, line 60)
C on vertible currencies (table 2, line 61)
Gold tranche position in IMF (table 2, line 62)
2,941
7 67, 163
-1,222 -3, 189 -2, 534
136 -2, 153 -2, 140
566
17, 180
-1, 156 -3, 473 -2, 886
84 -1,932 -2, 174
476
11, 426
-1, 775 -1,313
438
87
-465
-23
-49
-232
24
122
13
-118
-29
-35
—34
46 -1,630 -1,453
-200
-302
-721
120
-100
-440
-307
5
-216
-125
-3
-11
-137
1
25
-892
-1,523 -3,372 -1,905
367
-981
—101
-676
32
-3
-1,777 -3, 909
38
-890
-230
-566
-475
-1, 121
1,502
83
81
280
198
-10
15
-4
23
4
8
-13
66
—15
-6
99
33
-21
50
31
115
122
-78
2
221
-509
-9
-4
2,006
-802
184
-149
203
72
-115
—186
2
76
-54
33
115
38
-25
34
-34
32
64
10
-7
31
-4
17
80
-42
4
33
22
-49
-25
-72
-151
57
-146
_
_ _ _ _ _ _
1,076
676
10,350
-730 -1, 278
-567
-1, 192
34
-4
753
3,094
354
4
7,974
149
55
29
1,552
32
-21
-19
-20
15
-1
88
191
-18
12
144
64
1
29
64
1
-50
275
157
841
90
111
-370
-21
61
4,202
-184
-124
83
-49
22
76
1,682
1,743
-1
-58
-3
11
-68
2
7
-71
27
102
376
299
2,048
2,279
4,776
5,788
11,506
5,545
2,375
7
-506
8,090
27, 637
2 782
537
2,471
2,300
4,783
5,799
11, 510
5,545
2,919
749,983
-231
1,052
-279
-388
-457
-29
46
-54
-16
-73
-116
-874
-311
-13
141
170
112
977
3,121
3,121
3,227
3,227
4,801
20
-74
(*)
(*)
369
7,496
7,758
—262
636
2,602
2,000
602
648
4,456
4,456
20
87
3,023
3,000
23
596
-7
-11
-4
-1,903
—1,642
—261
-79
9,469
9,523
—54
-40
-163
-126
—138
818
-126
-546
—11
—453
—25
-32
-50
18, 954
18,944
10
1,660
5,631
5,000
631
2,144
2,144
-126
-126
(*)
768
-22
—9
-275
-198
—810
—539
535
341
—111
—2
1,031
—54
17
(*)
-3
1,474
-998
—11
456
-413
—154
-259
—14
-474
(*;
(*)
-600
-423
508
-235
261
(*)
-240
-21
4,549
252
-3
(*)
8
2,201
2,181
940
6
6
-139
-200
49, 983
114
1, 127
2,150
2,243
7 34, 719
2,241
2
689
1
/
72
34,552
167
2,644
6,094
5,000
7 1,094
3,249
-544
345
276
73,912
-238
-133
-203
-164
-176
-233
-188
-201
-160
—173
—5
-4
152
-3
350
280
73,760
—1
-1
743
-5
55
—89
—3
—5
-2
-4
22
—30
—30
—175
1,190
249
—542
—24
375
300
24
375
30
90
800
—542
200
2,840
82
7694
167
-2
8
-120
44
46
3,405
2,242
537
—836
To Germany
To other countries. _
9,353
-910
2,773
-162
42
43
5,924
826
-51
Reported by U.S. Government (table 2, line 54).
To Canada:
In connection with Columbia River power rights
Other
IP
27, 615
37
40
41
IV
7,637
Reported by U.S banks 6 (table 2, line 53)
Nonconvertible U.S. Treasury securities issued:
To Italy in connection with military purchases in the U S
III
I
-18
-53
49
Liquid liabilities to foreign official agencies (table 2, line 57) - ... -517
To central banks and governments
405
6,371 -4, 380 -5,339 -2, 047
-674
-504
-40
715
11
116
_
1,076
Amounts
outstanding
March 31,
1972
1972
II
IV
III
-167
-88
Demand deposits
.
Time deposits 2
U.S. Treasury obligations:
Bills and certificates
Bonds and notes...
Other obligations 2 3
II
6,968 -6,343 -4,942 —1,291
—165 —1,966
-397
2,203
-150
. ..
To other private foreign residents and unallocated
-74
—4
32
-4
-1, 187
2,477
2,348
-967
814
—1, 034
787
-851
2,152
389
pPreliminary.
*Less than $500,000 (±).
1. Through April 1970 data for foreign branches of U.S. banks are estimates which were
derived from weekly and daily figures compiled by the Federal Reserve System. Beginning
in May 1970 these data are reported monthly by U.S. banks and include custody items held
by reporting banks on behalf of their own foreign branches. Included in the custody items
during 1971 are special Export-Import Bank and Treasury securities held for foreign branches.
As of October 31,1971 these special securities had been liquidated.
2. With maturity of 1 year or less; negotiable certificates of deposit with a maturity of 1 year
or less are included with "other obligations."
3. Includes nonguaranteed securities of U.S. federally sponsored agencies with a maturity
of 1 year or less.
4. Includes nonguaranteed securities of U.S. federally sponsored agencies.
20, 924
I
—1,737 —1,119 —1, 034 -2,618 -2,928
36
38
39
1971
. _
To foreign branches of U.S. banks *_
To others
19 n
19 70
1969
Line
-4
866
-249
381
1,350
—2
(*)
—2
-44
-920
831
—253
28
-4
32
-386
—2
-2
1,022
801
1,040
14
-37
818
227
395
—34
34
406
422
140
469
9
145
838
1,373
-8
-103
109
456
196
-66
252
300
150
72
851
1
-3
2
—8
-710
-592
373
255
544
64
—1
12,270
9,662
1,810
7212
586
5. Includes liabilities of U.S. monetary authorities for gold deposited by and held for the
IMF and includes U.S. Treasury obligations obtained from proceeds of gold sales by the IMF
to the United States to acquire income-earning assets. Investment was terminated in Febuary 1972 and gold was reacquired by the IMF.
6. Includes, in addiion to foreign official reserve agencies, other foreign official agencies.
7. Position figures reflect increases of $7 million in U.S. Treasury bills and certificates (line
28), $33 million in U.S. Treasury bonds and notes (line 32), $70 million in nonmarketable, nonliquid U.S. Treasury obligations (line 43), and $28 million in convertible currencies (line 49)
resulting from the revaluations under the international monetary agreement of December 18,
1971.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SURVEY OF CURRENT BUSINESS
46
June 1972
Table 9.—U.S. International
[Millions
Line
United Kingdom
(Credits-}-; debits-) »
1 Exports of goods and services 2
Merchandise, adjusted, excluding military 3
2
Transfers under U.S. military agency sales contracts
3
Travel.
4
Passenger fares
5
Other transportation
6
7
Fees and royalties from unaffiliated foreigners
Other private services ..
8
9
U.S. Government miscellaneous services
10
11
12
13
Receipts of income on U.S. investments abroad:
Direct investment fees and royalties.
Direct investment interest, dividends and branch earnings 4
Other private assets
_ ._
U.S. Government assets
..
14
Transfers of goods and services under U.S. military grant programs, net..
15
Imports of goods and services
16
17
18
19
20
21
22
23
Merchandise, adjusted, excluding military 3 .
___
Direct defense expenditures
Travel.
. _
Passenger fares
Other transportation
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous services.
24
25
26
27
Payments of income on foreign investments in the United States:
Direct investment fees and royalties
Direct investment interest, dividends and branch earnings 4 _ _ _
Other private liabilities
U.S. Government liabilities
1969
1970
1971
1968
1969
1970
1971
1968
1969
1970
3,521
1,989
287
42
59
230
56
62
19
3,853
2,043
290
43
64
257
58
79
16
4,305
2,519
175
51
69
319
58
88
18
4,150
2,348
105
67
69
314
67
108
19
8,132
6,048
363
115
73
401
115
79
27
9,134
6,847
395
138
83
406
135
97
23
11,105
8,361
270
166
93
463
157
111
27
11,465
8,063
687
199
100
491
154
137
39
3,850
2,508
124
69
37
457
30
60
47
4,331
2,741
175
83
45
507
35
66
68
4,927
3,287
152
101
48
535
36
80
91
4,937
3,156
147
101
-51
600
46
88
86
213
275
159
130
227
332
194
250
255
386
200
167
282
472
184
115
317
435
113
45
353
460
130
67
413
785
169
90
506
886
158
45
99
196
112
110
130
246
123
113
143
219
131
104
148
300
128
85
-1
-2
297
-1
305
232
-2
(*)
(*)
<*)
-3,723 -4,555 -4,701 -4,792 -8,854 -9,206 -10,598 -12,095 -4,044 -4,370 -4,895
-5,322
-2,075 -2, 112 -2, 214 -2,470 -5,916 -5,828
-173
-208
-228
-258 -1,087 -1, 172
-454
-293
-324
-400
-198 -229
-222
-282
-260
-349
-288
-285
-287
-389
-237
-310
-238
-393
-52
-41
-35
-35
-35
-47
. .. -165
-192
-45
-198
-227
-41
-14
-14
-14
-14
-69
-67
-21
-26
-159
-149
-385 -1,038
-34
-49
U.S. military grants of goods and services, net
29
Unilateral transfers (excluding military grants) , net
(*)
-46
30
31
32
U.S. Government grants (excluding military) _
U.S. Government pensions and other transfers
Private remittances and other transfers
(*)
-17
-28
U.S. Government capital flows, net
-174
34
35
Loans and other long-term assets
Foreign currencies and other short-term assets, net
36
37
Repayments on credits:
Scheduled- Nonscheduled 5 _ .
38
U.S. private capital flows, net
39
40
Direct investments abroad *
Foreign securities
41
42
43
Claims reported by U.S. banks:
Long-term
Short-term, nonliquid
Short-term, liquid
44
45
46
Claims reported by U.S. nonbanking concerns:
Long-term
Short-term, nonliquid
Short-term, liquid
47
48
49
Foreign capitalflows,net
_
-
.
4
Direct investments in the United States .
U.S. securities other than Treasury issues
.
_.
U.S. nonliquid liabilities to private foreigners reported by U.S. nonbanking concerns:
50
Long-term
51
Short-term
52
53 \ Long-term liabilities to all foreigners reported by U.S. banks
54
55
56
57
58
59
60
61
62
Nonliquid liabilities reported by U.S. Government:
To foreign official reserve agencies
To other official and private foreigners
> U.S. liquid liabilities to all foreigners
Transactions in U.S. official reserve assets, net
Gold
SDR
Convertible currencies
.
63
Allocations of special drawing rights (SDR)
Errors and omissions, and transfers of funds between foreign areas, net_-
-11
-236
-407
-212
(*)
-111
-244
-265
-2
-132
-450
-262
-2
-132
-585
-393
1971
272
-7,549 -2, 212 -2, 272 -2,406
-262
-277
-249
-1,495
-392
-471
-327
-539
-232
-265
-188
-418
-534
-459
-439
-496
-12
-14
-13
-55
-35
-25
-26
-52
-55
-58
-44
-73
-2,739
-268
-510
-280
-591
-19
-54
-62
-12
-96
-522
-171
-3
-134
-533
-747
-9
-48
-364
-98
-13
-57
-507
-97
-21
-67
-647
-117
2
2
1
1
-305
-297
-232
-272
-51
-48
-54
-35
-45
-40
-35
-266
-247
-246
-281
-18
-33
-22
-27
-25
-28
-1
-93
59
(*)
-95
50
<3»67
(*)
-123
88
-37
-91
-138
-35
-80
-132
-29
-91
-126
-28
-107
-145
-117
-81
-80
-96
-249
3
-232
-9
-282
-7
-318
18
128
1
156
4
186
3
204
(*)
(*)
13
129
165
70
-193
161
54
-178
-29
-52
-13
-66
27
-101
-8
-126
6
-67
11
-119
-27
70
173
46
194
204
40
139
59
-131
118
99
127
73
-292
-502
-1,215
-412
-518
-1,260
-1,765
-74
-165
-217
-369
-363
-79
-316
-164
-645
-175
-646
-86
-438
64
-660
254
-994
48
-1,305
65
-200
-1
-233
54
-275
69
-131
67
-12
-75
1
1
-58
-42
-4
14
15
-59
-137
-48
121
52
-30
23
-128
11
-52
17
10
-139
-238
-74
121
89
-1
38
-32
3
51
-35
-7
-38
-146
-12
-104
-97
-367
-4
-83
373
6
-20
308
18
-45
-211
-5
-68
-108
-74
-65
121
-265
-36
12
17
-77
-14
-39
-31
-12
-53
33
25
-14
-5
5,444 -3,816
-21
-88
2,204
1,302
1,630
2,097
-553
4,356
114
528
86
82
529
253
203
548
212
1,302
363
1,392
136
908
60
884
-29
1,618
100
807
65
393
-35
663
319
120
-16
112
-36
46
698
564
-4
-141
-89
10
271
363
411
152
-1
127
188
127
66
-112
51
118
170
(*)
124
-68
-8
125
-57
1
187
-16
17
602
138
44
254
-48
1,721 -1, 489 -1, 077
-621
-19
7,771
-6
-360
5,130
16
33
-65
-4
-25
-4
-13
1,179 -1,072
-4
-17
3,561
-755
-517
535
604
367
-304
-25
270
-315
-749
179
608
149
-220
26
188
232
356
-4
218
-51
82
-287
-8,519
2,575
-7
1,517
-126
-111
-117
5,271 -5, 745
662
1,847
303
835
64
See footnotes at end of table.
-19
-164
-937
-37
-6,649
-1,285
-546
-395
-434
-52
-54
-71
-255
11
-1,096
.
Other Western Europe
1968
28
33
European Economic
Community
-961
-932
662
1,847
303
-5,072
2,787
-762
q
-440
551
8,616
5,713
1,861
-3,940 -1,576
-84
-1,261
1,088
-3,49f>
June 1972
SURVEY OF CURRENT BUSINESS
47
Transactions, by Area
of dollars]
Eastern Europe
Canada
Latin American Republics and
Other Western Hemisphere
Japan
Line
1968
1969
1970
1971
1968
1969
1970
1971
1968
1969
1970
1971
1968
1969
12,141
9,174
45
815
7
163
30
105
6
12,468
9,040
35
885
8
194
34
127
7
14,178
10,476
76
927
10
217
37
158
.7
8,922
5,290
63
755
135
336
44
181
74
9,349
5, 538
29
807
144
312
42
212
72
10,394
6,50^
879
153
388
46
232
67
10,426
6,432
34
890
159
360
45
307
67
3,837
2,949
31
51
34
215
133
27
11
4,500
3,475
18
67
37
250
157
33
26
5,892
4,648
25
101
70
270
202
38
23
5,497
4,069
42
134
104
285
221
54
35
1
2
3
4
5
6
7
8
9
302
762
731
1
357
944
836
1
397
1,000
873
2
283
1,218
406
137
302
1,277
462
152
318
1,057
553
160
336
1,124
517
156
64
60
227
36
73
70
264
32
91
101
297
29
101
151
267
33
10
11
12
13
64
36
25
21
-1
-12,967
-14,505
-7,211
-7,545
-8,432
-8,577
-5,183
265
220
301
252
421
368
466
408
11
4
16
2
11
2
17
2
14
4
18
2
13
8
20
2
10,945
8,150
39
650
7
170
33
102
8
3
9
4
13
7
8
5
10
294
851
634
7
-240
-234
-263
-279
-10,539
-205
-1
-15
-199
-1
-19
-6
-9
(*)
(*)
-8
(*)
(*)
-8
(*)
(*)
15
16
17
18
19
20
21
22
23
24
25
26
27
-231
—5
-157
-10
-6, 117
-152
-1,322
-71
-257
-3
-184
-174
-4,069
-580
-60
-45
-194
-4
-11
-16
-4, 893
-651
-70
-54
-241
-4
-16
-19
-5, 894
-670
-97
-70
-277
-4
-22
-21
-62
-39
-378
-174
-64
-88
-258
-207
(*)
-234
-17
-12
-375
-18
-22
-446
-14
-28
-243
-27
-3
-15
-149
-37
-4
-9
-225
-78
-4
-17
-261
-87
-1
-40
-197
-306
(*)
(*)
(*)
-10,653
-253
-1,049
-12, 166
-193
-1, 127
-9
-8
-11
(*)
(*)
-9
-203
-4
-121
-66
-I§3
-4
-133
-10
-213
-4
-132
-10
-1
-1
-47
-63
-249
-89
-56
-48
-355
-99
(*)
14
-5,912
-169
-1,220
-70
-240
-5
-165
-170
-9, 958
-296
-900
(*)
(*)
-8,932
-5,215
-177
-1, 162
-65
-202
-4
-146
-171
-8, 592
-285
-820
-1
(*)
-7,423
-5, 137
-187
-1,050
-60
-227
-3
-134
-163
-225
-4
-29
8
(*)
-6,263
1971
-7,280
-614
-88
-50
-308
-5
-24
-18
-218
-2
-24
(*).
-1
-12,040
1970
-64
-36
-25
-21
1
-30
-21
-30
-24
-33
-67
-105
-120
-472
-466
-532
-538
-38
-15
-6
-10
-3
-7
-11
-9
-8
-13
-4
-10
-10
-37
4
-41
-26
-53
-52
-63
-58
-254
-35
-183
-221
-40
-205
-261
-43
-227
-270
-55
-214
(*)
-8
-30
28
-39
-44
-46
29
°-9
-30
-10
-34
-10
-35
30
31
32
10
32
4
6
24
-4
-7
-25
-681
-554
-517
-357
101
6
55
68
33
-20
12
-10
16
-48
20
-62
24
-4
-3
-5
2
-10
(*)
-28
3
-992
20
-876
3
-849
-4
-696
-7
-133
-12
-140
16
-161
2
-217
(*)
34
35
18
26
33
44
31
1
289
3
316
2
336
(*)
343
4
146
100
130
92
121
126
159
36
37
-3
(*)
-15
-17
6
-12
-3
1
-12
-28
(*)
2
-1,415
-2,243
-1,524
-1,066
-918
-417
-1,504
-1,332
7
-616
-647
-947
38
-625
-692
-671
-1, 122
-908
-475
-226
-279
-677
-186
-375
-72
-568
-135
-668
-40
-78
8
-89
-297
-128
31
-211
-126
39
40
-4
-12
-4
-1
8
56
20
-85
-201
96
-134
-82'
84
-100
-386
181
-144
-38
47
67
17
4
-408
-15
-114
—213
-45
58
50
-9
34
-244
16
-26
-466
8
-132
-371
-17
41
42
43
79
-100
-33
-134
18
16 J
-187
-195
-30
-221 (
(*)
-31
* 9
-13
-32
9
2
-73
5
-69
-20
44
45
46
(*)
(*)
(*)
(*)
N-ii
-1
-3
-8
-98
-83
20
-77
70
-177
-107
-18
104
-15
-12
-132
8
8
-5
1,239
1,286
1,442
-267
832
830
-469
-24
1,005
569
1,101
10,058
47
-26
486
243
197
238
123
85
-45
-10
186
11
165
59
66
60
57
60
2
-34
5
—1
12
-456
54
48
49
-7
25
1
-7
-30
20
-22
2
5
-20
2
14
55
95
40
2
-330
103
117
-111
87
103
-247
25
214
11
46
-2
19
2
-270
1,160
-11
-69
351
-33
-612
-27
520
11
931
-24
-680
-6
-77
—4
708
22
521
-2
1,341
54
-5
55
/
56-f10,807
l 57
(*)
(*)
3
.(*)
(*)
1
-1
(*)
(*)
(*)
2
(»)•
(*)
9
8
-2
-3
(*)
1,020
-5
-255
-205
6
1,082
-50
4
-50
(*)
4
(*)
(*)
9
50
32
51
|
524-383
l 53
65
44
131
4
119
58
65
44
131
4
119
59
60
61
62
-537
-1,241
929
397
(*)
63
-5
-70
-124
-136
-171
923
694
1,805
270
1,843
946
-5,699
64
SURVEY OF CURRENT BUSINESS
48
June 1972
Table 9.—U.S. International
[Millions
Australia, New Zealand and
South Africa
Line
10
11
12
13
_
_
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
Other transportation
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
_
Eeceipts of income on U.S. investments abroad:
Direct investment fees and royalties
Direct investment interest, dividends and branch earnings 4
Other private assets
.
__ _
U.S. Government assets ._
.
14
Transfers of goods and services under U.S. military grant programs, net
15
Imports of goods and services
16
17
18
19
20
21
22
23
Merchandise, adjusted, excluding military 3
Direct defense expenditures
Travel
Passenger fares—
Other transportation...
.
_
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous service
24
25
26
27
Payments of income on foreign investments in the United States:
Direct investment fees and royalties
Direct investment interest dividends and branch earnings 4
Other private liabilities. .
U.S. Government liabilities—
1968
1969
1970
1971
1968
2,097
2,054
2,485
2,524
1,384
179
40
37
60
20
31
1
1,354
103
36
36
51
22
36
1
1,581
168
41
47
74
23
29
1
1,694
53
41
49
68
24
40
1
118
160
49
18
128
214
50
24
145
299
53
25
165
304
57
27
1969
1970
1971
8,600
9,108
10, 165
11,509
435
731
709
981
5,038
306
53
29
464
18
199
165
4,993
457
69
34
508
19
207
165
5,658
612
95
56
582
20
209
147
6,124
778
98
73
536
18
252
149
192
197
(*)
245
209
116
133
163
190
141
1,730
185
272
147
1,997
232
280
173
2,036
266
311
206
2,616
259
401
20
301
79
1
24
176
85
15
28
433
108
13
2,503
2,525
2,331
2,861
-825
-883
-876
-16
-418
-26
-508
-31
-546
-35
-553
-108
-98
-110
-116
-84
-108
-75
-121
-58
-114
1968
1969
17
48
61
1
-1,101 -1,273 -1,375 -1,401 -6,567 -7,281 -7,769 -8,627
-714
-924 -1, 059 -1, 129 -1, 139 -3, 782 -4, 260 -4, 724 -5, 774
-42
-48
-33
-38 -1,913 -2, 061 -1,935 -1,794
-135
-40
-50
-153
-233
-305
-25
-28
-55
-29
-50
-44
-65
-57
-47
-41
-42
-222
-212
-240
-30
-241
-30
-38
-2
-3
-1
(*)
(*)
(*)
(*)
(*)
-13
-9
-5
-19
-37
-3
-8
-27
-23
-25
-249
-245
-252
-25
-259
-26
-52
-2
-211
-74
-2
(*)
-237
-70
-2
(*)
-104
-43
1970
1971
(*)
-13
(*)
-24
-8
-1
-25
-10
(*)
-24
-17
-18
-22
-23
-24 -1,848 -1,854 -1,984 -2,264
-123
-134
-155
-188
-123
-134
-155
-188
-3
-19
-4
-19
-1, 277 -1, 251 -1, 279 -1, 554
-5
-115
-125
-143
-116
-580
-489
-19
-567
-455
-168
-44
-56
-21 -1,285 -1,325 -1,221 -1,621
-48
-43
-53
-66
-120 -1,681 -1, 748 -1, 637 -2, 480
42
144
-1
-26
88
-53
-48
-58
-71
5
5
5
5
n
-1
-163
-61
-41
-80
-2,503 -2,525 -2,331 -2,861
28
U.S. military grants of goods and services, net
29
Unilateral transfers (excluding military grants) , net
30
31
32
U.S. Government grants (excluding military)
U S Government pensions and other transfers
Private remittances and other transfers
33
International organizations
and unallocated 6
(Credits+; debits-)i
1 Exports of goods and services 2 _ _
2
3
4
5
6
7
8
9
Other countries in Asia and
Africa
-3
-15
U.S. Government capital flows, net
34
35
Loans and other long-term assets .
Foreign currencies and other short-term assets net
-224
-2
-115
-3
-143
1
36
37
Repayments on credits:
Scheduled— 8
Nonscheduled
/*\
58
74
86
100
328
26
-186
-79
-292
-598
-908
-712
-538
-1,644
-380
-365
-387
-819
-169
3
-160
23
-288
12
-304
30
-468
-156
-430
-124
-367
-157
-729
-263
-191
-188
-320
-45
-227
-159
-543
-276
34
-16
-5
53
-1
4
53
-27
-5
-110
-163
-12
-144
-5
-35
95
-165
-17
-53
-427
32
(*)
(*)
(*)
(*)
-23
-3
-1
-18
-6 [ -19
10
38
U.S. private capital flows, net
--
- -
39
40
Direct investments abroad 4
Foreign securities
41
42
43
Claims reported by U.S. banks:
Long-term
Short-term, nonliquid
_ _ _ _ _
Short-term liquid
44
45
46
Claims reported by U.S. nonbanking concerns:
Long-term
Short-term nonliquid
Short-term liquid
47
48
49
_ _ _ _ _
_
_
_ _ _ _ _
Foreign capital flows, net
Direct investments in the United States 4
U.S. securities other than Treasury issues
U.S. nonliquid liabilities to private foreigners reported by U.S. nonbanking concerns:
Long-term
50
Short-term
51
52
+53 [ Long-term liabilities to all foreigners reported by U S banks
Nonliquid liabilities reported by U.S. Government:
54
To foreign official reserve agencies
55
56
+57 } U S liquid liabilities to all foreigners
58
59
60
61
62
63
64
Transactions in U. S. officialreserve assets, net ._
Gold
SDR
Convertible currencies
Gold tranche position in IM!F
1"!
-30
-23
-15 (I -71
1
343
-9
423
19
52
28
-23
-68
-16
3
-6 } -55
727
-11
-55
-149 /{
-1
-514
-1
25
169
123
447
358
213
384
-90
412
8
61
15
1
-14
11
-24
-2
129
1
72
2
102
6
53
130
379
346
92
-2
-12
17
3
18
-1
15
34
-8
24
-31
-55
2
12
270
7
8
-505
5
76
-458
-4
75
-43
(*)
28
(*)
125
-66
-140
—15
48
-21
44
29
-38
133
3
519
183
28
-263
-70
59
320
-223
80
-18
-582
55
-108
-416
2
1
11
432
-33
165
44
2
1
11
432
-33
165
44
-120
Errors and omissions, and transfers of funds between foreign areas, net- _ _
See footnotes at end of table.
-651
-874
-928
1,218
2,205
1,599
3,116
460
-1,044
-306
1,123
55
-10
156
-851
22
-249
-870
-1,034
389
1,350
867
717
-815
Allocations of special drawing rights (SDR)
OAf
-370
1,432
1,295
300 -1,284
SURVEY OF CURRENT BUSINESS
June 1972
49
Transactions, by Area—Continued
of dollars]
United Kingdom
European Economic Community
1972
1971
I
III
IV
2,972
2,863
2,110
178
52
25
137
39
34
14
2,105
172
65
34
135
39
34
7
109
107
38
19
II
III
IV
Ip
1,053
1,011
1,000
1,086
1,118
2,867
691
9
13
13
69
17
27
4
561
48
14
18
89
17
27
4
555
41
28
23
88
17
27
7
541
7
12
15
68
17
27
5
709
11
15
13
82
19
32
5
2,059
177
32
20
114
39
34
9
64
97
41
8
66
102
49
17
68
100
45
3
85
173
49
87
71
115
44
4
115
216
39
15
126
205
39
12
(*)
-1
I
(*)
(*)
-1,041
-1,299
-1,358
-1,095
-557
-63
-20
-42
-70
-9
-57
-3
-682
-60
-117
-101
-81
-9
-57
-3
-699
-70
-131
-87
-86
-9
-57
-5
-532
-66
-56
-58
-74
-9
-57
-4
-3
-74
-123
-22
-2
-50
-90
-48
-3
-50
-91
-71
-4
-62
-104
-70
II
IP
1,320
1,172
1,086
1,388
129
107
105
125
179
1
844
47
30
14
170
12
22
19
764
21
27
16
165
12
22
27
651
52
27
11
124
12
22
14
910
35
18
10
160
13
26
21
115
93
88
112
162
3
2
5
1
3
2
5
1
3
2
5
1
3
2
5
1
4
3
5
1
2
3
4
5
6
7
8
9
31
123
31
24
38
69
33
23
30
41
31
16
50
67
33
23
33
106
31
25
1
2
1
1
5
1
1
2
2
10
11
12
13
92
68
56
56
83
-65
-79
-83
-52
-81
15
-57
-1
-2
-65
-1
-8
-61
-1
-15
-42
-1
-4
-72
-1
-2
-3
-3
(*)
(*)
-3
16
17
18
19
20
21
22
23
(*)
(*)
24
25
26
27
II
2,763
2,899
1,359
1,789
161
50
21
105
39
34
9
2,149
108
37
20
139
39
40
8
897
27
17
10
• 140
12
22
26
156
359
42
124
185
42
9
-736 -1,834 -1,998 -2, 121 -1, 596 -2,263
-412
-82
-340
-375
-371
-409
-51
-75
-62
-26
-177
-236
-52
-134
-63
-137
-84
-77
-125
-134
-84
-130
-107
-138
-15
-9
-14
-14
-14
-14
-65
-15
-13
-13
-13
-13
-3
-19
-19
-19
-18
-18
-5
-73
-91
-74
-1
-33
-136
-150
—1
-27
-128
-178
1
(*)
-1
-43
-130
-196
-1
-32
-139
-224
(*)
-41
-140
-221
(*)
(*)
IV
Line
IV
I
(*)
1972
1971
III
IP
(*)
1972
1971
-1,301 -2,760 -3, 184 -3,417 -2, 734 -3,404 -1,162 -1,423 -1,545 -1,193 -1,544
(*)
(*)
1972
1971
Eastern Europe
Other Western Europe
I
III
II
1
IP
14
-647
-74
-59
-38
-132
-5
-13
-11
-720
-64
-163
-116
-152
-5
-13
-18
-757
-64
-228
-78
-162
-5
-13
-17
-615
-67
-60
-48
-144
-5
-13
-17
-917
-83
-77
-43
-172
-6
-16
-16
-3
(*)
(*)
-2
-3
(*)
-3
(*)
-2
-3
-2
-2
-27
-126
-28
-2
-21
-119
-31
-4
-30
-139
-48
-4
-19
-137
-64
-3
-16
-138
-57
(*)
(*)
(*)
(*)
(*)
(*)
-92
-68
-56
-56
-83
R
28
-11
-12
-12
-18
-14
4
-13
-18
-8
3
-61
-68
-81
-71
-73
-5
-9
-6
-6
-7
-5
-7
-6
-7
-7
(*)
-27
31
-33
20
(*)
-32
15
-31
23
-32
35
-7
-24
-30
-4
-29
-35
-11
-27
-43
-6
-27
-38
-8
-27
-38
-1
-2
-2
-4
-7
-12
-3
-5
-5
-6
29
-3
-2
-3
-2
(*)
-3
-3
30
31
32
-44
80
1
127
36
-9
69
10
-16
-7
-17
-46
-21
-12
-11
(*)
-6
13
-1
-2
33
-38
-8
-11
32
-8
6
-8
-3
-19
10
-27
-4
-31
-9
-27
-15
-34
1
-60
29
-70
6
-98
3
-66
4
-85
4
-79
1
-19
7
-21
8
-11
7
-12
3
-21
5
34
35
3
60
3
139
45
23
36
73
52
17
24
46
49
40
68
52
15
12
7
17
8
14
36
37
8
3
-4
-35
-41
38
-730
-184
88
-390
-195
-631
-628
-472
-34
-614
-394
-157
-85
267
-347
-249
-38
-93
-61
-115
-11
-189
23
-171
-23
-592
-5
-423
5
-417
31
126
34
-495
71
-252
36
-65
17
-98
-11
285
25
-253
52
-40
-71
-10
-1
-75
-14
-14
84
8
-4
-75
-32
-1
-16
22
-23
-36
20
-42
-82
-12
-46
12
-66
-28
-132
-16
3
-203
4
9
-142
-14
-53
-59
15
4
71
-15
2
-16
2
-9
-63
-30
2
(*)
-2
—8
21
-334
3
-17
74
16
11
109
7
-60
-60
°%
-67
16
-17
5
7
-18
-63
4
-6
16
-10
-36
28
2
-16
19
3
-33
-1
-11
-2
1
12
—4
-43
-25
-49
43
-10
-32
-2
8
-4
-765
39
40
-1
3
1
-9
6
-1
4
-21
-2
-7
-36
2
41
42
43
44
45
46
-16
1,305
326
1,338
998
2,764
654
1,422
873
1,825
190
1,014
2,642
511
97
-33
68
-10
40
186
174
60
266
15
322
80
191
-26
119
71
171
-65
403
59
385
44
118
60
69
-93
164
-46
312
27
278
48
49
-35
-92
9
40
-26
-32
-125
-43
-21
72
33
-19
5
16
93
-200
-7
-70
-42
52
-36
103
1
79
27
5
-42
-18
2
52
-8
9
42
-25
-2
-13
15
(*)
106
2
10
-7
-20
11
50
51
( 52
1 +53
-147
2,755
-4
-13
638
-1
-147
1,260
-1
-53
477
82
-103
1,461
-2
(*)
-23
-8
877
—2
16
2,556
-24
151
—2
9
-199
25
331
251
-3
(*)
128
50
84
8
64
25
392
191
61
55
72
(*)
-61
60
-3
67
-5
12
-2,260
-202
-638
-841
10
-692
-36
1,329
(*)
-27
161
306
6
923
-3
306
-3
4
655
(*)
(*)
(*)
8
(*)
(*)
-4
9
(*)
-2
11
-5
-5
-1
(*)
(*)
-5
(*)
-5
47
54
55
(*)
f
56
-1
[ +57
58
59
60
61
62
64
63
1,231
-902
-46
-1,046
-642
-702
-41
-691 -2, 168
-596
425
-63
-25
-21
-28
-48
64
SURVEY OF CURRENT BUSINESS
50
June 1972
Table 9.—U.S. International
[Millions
Canada
(Credits-H debits-) 1
Line
1971
1 Exports of goods and services 2
2
3
4
5
6
7
8
9
10
11
12
13
IP
I
II
III
IV
IP
3,403
3,754
3,736
2,525
2,698
2,747
2,457
2,663
2,444
14
312
3
61
9
39
2
2,725
28
161
2
56
9
39
2
2,884
220
2
49
10
44
1
1,595
9
197
39
88
11
76
18
1,644
9
225
41
93
11
77
19
1,794
9
237
44
95
11
78
14
1,399
8
231
35
83
11
77
16
1,716
15
208
37
97
11
87
16
Receipts of income on U.S. investments abroad:
Direct investment fees and royalties
Direct investment interest, dividends and branch earnings 4
Other private assets.
_
U.S. Government assets
88
185
214
(*)
98
220
215
1
94
211
213
(*)
116
383
231
1
87
198
231
(*)
79
252
131
31
96
304
131
48
83
232
118
32
79
335
138
45
75
247
124
31
7
7
6
1
6
-3,224
-3,779
-3,680
-3,808
-2,192
-2,207
-2,257
-1,921
-2,558
-2,813
-52
-99
-3,227
-49
-254
-2,922
-39
-611
-3,204
-53
-163
-3,421
-47
-91
-50
-1
-38
-3
-60
-1
-40
-2
-62
-1
-37
-3
-59
-1
-41
-3
-53
-2
-42
-3
-1,524
-41
-384
-19
-61
-1
-44
-40
-1, 612
-39
-315
-18
-67
-1
-48
-40
-1,630
-39
-326
-18
-69
-1
-50
-48
-1,351
-32
-297
-16
-61
-1
-43
-47
-1, 857
-37
-415
-23
-64
-1
-48
-46
-16
-30
-72
-50
-16
-19
-61
-49
-16
-18
-62
-51
-16
-20
-62
-58
-14
-23
-54
-58
-7
-67
-5
-7
-53
-8
-8
-58
-11
-7
-64
-2
-7
-59
-2
Merchandise, adjusted excluding military 3 _
Direct defense expenditures . _ _ _
Travel
_
Passenger fares
_
.
Other transportation.
_
_
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous services
24
25
26
27
Payments of income on foreign investments in the United States:
Direct investment fees and royalties
Direct investment interest, dividends and branch earnings *
Other private liabilities
U.S. Government liabilities
__.
_ .
-3,822
U.S. military grants of goods and services* net
29
Unilateral transfers (excluding military grants), net
30
31
32
U.S. Government grants (excluding military)
U.S. Government pensions and other transfersPrivate remittances and other transfers
.
Loans and other long-term assets _
Foreign currencies and other short-term assets, net
36
37
Eepayments on credits:
Scheduled
Nonscheduled '
39
40
Direct investments abroad
Foreign securities
41
42
43
Claims reported by U.S. banks:
Long-term
Short-term, nonliquid
Short-term, liquid
44
45
46
Claims reported by U.S. nonbanking concerns:
Long-term
Short-term, nonliquid
Short-term, liquid.
Foreign capital flows, net
Direct investments in the United States 4
_
U.S. securities other than Treasury issues
U.S. nonliquid liabilities to private foreigners reported by U.S.
nonbanking concerns:
50
Long-term..
51
Short-term
_
521
+53/ Long-term liabilities to all foreigners reported by U.S. banks
48
49
Nonliquid liabilities reported by U.S. Government:
To foreign official reserve agencies
To other official and private foreigners
U.S. liquid liabilities to all foreigners
-6
-1
-6
-139
-130
-134
-136
-41
-35
-23
-14
-6
-16
-8
-16
-25
-16
-18
-17
-7
-70
-13
-56
-66
—14
-54
-66
-13
-51
-68
-14
-52
-66
-16
-55
-10
-3
-2
-10
-6
-73
-100
-82
-103
-65
-9
—1
-7
3
-2
1
-10
-8
2
-154
(*)
-191
-6
-154
(*)
-197
(*)
-142
(*)
(*)
78
4
98
73
95
77
-923
44
-380
-533
-463
-32
-103
-45
25
-14
-41
4
-7
-134
-25
-1
1
(*)
U.S. private capital flows, net
-7
-20
_
U.S. Government capital flows* net
34
35
58
59
60
61
62
IV
2,847
16
243
2
54
9
40
2
16
17
18
19
20
21
22
23
54
55
561
+57J
III
3,747
Transfers of goods and services under U.S. military grant programs* net
47
II
1972
2,460
18
211
2
47
9
39
1
Imports of goods and services
38
I
1971
3,274
15
33
1972
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts
Travel
Passenger fares .
Other transportation
Fees and royalties from unaffiliated foreigners
Other private services _.
U.S. Government miscellaneous services
14
28
Latin American Republics and Other Western
Hemisphere
-68
-303
-654
-80
-82
17
-125
12
-46
-176
-26
-104
-171
-38
18
-336
2
-192
-16
44
15
23
2
-21
35
2
34
-136
36
-128
-308
-5
-132
-281
48
34
-21
43
27
-24
-117
-102
-19
-88
-172
19
-60
-64
-11
-1
—15
55
-7
15
16
-76
26
-120
69
-38
-83
-19
66)
-276)
2
1
-15
-77
33
-121
-50
-24
96
-598
-128
164
296
246
-296
387
-459
344
40
19
44
-26
10
4
-9
-42
57
-39
21
22
25
-7
-12
13
14
30
3
1
1
-2
-30
1
-7
-19
-1
11
28
1
-5
-11
3
42
6
-91
14
-19
-42
-35
71
-88
66
45
-26
-16
77
-22
-5
-658
-6
-109
-3
181
351
-18
-26
200
-3
43
4
-300
-9
431
-2
-449
1
241
-10
-465
Transactions in U.S. official reserve assets, net..
Gold
SDR
Convertible currencies. ._
Gold tranche position in IMF
(*)
(*)
(*)
(*)
n
(*)
(*)
(*)
(*)
4
4
-440
8
63
64
Errors and omissions, and transfers of funds between foreign areas, net.
620
» Preliminary.
*Less than $500,000 (d=).
1. Credits,+: Exports of goods and services; unilateral transfers to U.S.; capital inflows
(increase in U.S. liabilities or decrease in U.S. assets); decrease in U.S.
official reserve assets.
257
601
328
778
132
-268
714
-181
567
Debits,-: Imports of goods and services; unilateral transfers to foreigners; capitalou^flows (decrease in U.S. liabilities or increase in U.S. assets); increase in U.b.
official reserve assets.
,.
.,.A
.
„ wo
2. Excludes transfers of goods and services under U.S. military grant Programs.
3. Excludes exports of goods under U.S. military agency sales contracts identified m Census
SURVEY OF CURRENT BUSINESS
June 1972
51
Transactions, by Area—Continued
of dollars]
Japan
1971
I
Other countries in Asia and Africa
Australia, New Zealand and South
Africa
1971
1972
II
III
IV
I
IP
II
1971
1972
III
IV
IP
1972
I
II
III
IV
IP
1,447
1,345
1,305
1,400
1,588
601
577
664
682
612
2,796
3,168
2,894
2,650
3,034
1,094
7
27
21
67
55
14
11
1,003
5
35
24
79
55
14
7
931
14
35
27
78
55
14
14
1,041
17
37
32
60
55
14
3
1,200
12
34
25
79
63
16
5
423
9
7
10
18
6
10
379
17
11
14
17
6
10
478
14
14
15
19
6
10
414
13
9
11
14
6
10
395
15
8
11
21
7
12
1,571
220
17
11
132
5
63
37
1,688
281
26
18
145
5
63
41
1,580
144
29
28
148
5
63
32
1,285
133
26
17
110
5
63
39
1,668
125
20
12
140
5
65
34
18
54
71
10
32
22
61
8
27
40
63
7
24
35
73
8
27
48
71
9
43
62
12
1
42
56
15
12
34
59
13
2
46
128
18
13
44
83
15
2
36
552
66
87
56
690
60
96
53
663
65
84
61
710
67
134
37
753
71
105
(*)
(*)
(*)
636
704
639
882
844
-1,952
-2,252
-2,115
-2,614
-2,577
-282
-366
-421
-332
-341 -1,844 -2,188 -2,355 -2,240 -2,391
-1,598
-158
-16
-13
-69
__1
-6
-4
-1,878
-150
-24
-12
-79
-1
-6
-4
-1, 675
-145
-30
-16
-84
-1
-6
-5
-2, 129
-161
-18
-9
-76
-1
-6
-5
-2, 088
-151
-20
-15
-97
-1
-221
-9
-15
-12
-10
(*)
-302
-10
-11
-15
-11
(*)
-347
-11
-14
-18
-11
(*)
-269
-8
-10
-12
-10
(*) 0
-270 -1, 179 -1,463 -1,604 -1, 528 -1, 735
-434
-436
-402
-7
-469
-455
-18
-47
-69
-99
-90
-60
-13
-21
-8
-13
-23
-10
-10
-64
-59
-65
-53
-63
-1
-1
-1
-1
-1
(*)
-4
-5
-7
-6
-7
-6
-1
-7
-51
-26
(*)
-15
-46
-37
-7
-48
-153
-1
-3
-37
-152
(*)
-5
-2
(*)
-5
-3
(*)
-7
-5
-7
-6
-6
-7
(*)
(*)
(*)
(
*1-5212
-89
(*)
-63
-65
(*)
1
o"
-23
-31
-11
-11
International organizations and
unallocated «
-63
-67
-67
-1
-1
-1
-24
-11
-25
-10
-27
-14
1972
1971
I
II
157
279
IP
IV
III
172
Line
374
196
1
4
5
6
7
8
9
2
3
53
56
56
44
64
47
47
47
47
55
5
13
38
1
7
146
13
9
7
17
44
9
258
13
3
5
24
47
1
-197
-282
-221
10
11
12
13
14
-177
-192
15
-10
-123
-10
-147
-8
-161
-7
-123
-12
-126
-5
-2
-67
-41
-10
16
17
18
19
20
21
22
23
-13
-26
-13
-25
-15
-30
-17
-34
-16
-28
24
25
26
27
-639
-882
-844
-9
-10
-13
-13
-9
-5
-6
-7
-6
-5
-499
-595
-549
-621
-647
-52
-35
-60
-41
-46
29
-2
-7
-3
-3
-11
-3
-10
-3
-6
-1
-4
-1
-4
-366
-37
-147
-438
-35
-148
-470
-37
-141
-35
-60
-46
-1
-4
-416
-37
-142
-41
-1
-5
-335
-34
-130
-52
-1
-5
30
31
32
(*)
0
O
-636
-704
28
-32
-1
85
16
2
-35
12
-23
24
-28
-437
-655
-254
-274
-210
-11
-9
-47
-14
33
-81
3
-58
1
-29
5
-49
-8
-89
3
-37
-1
-29
-2
-27
-1
-27
2
-31
1
-809
78
-841
50
-357
-1
-473
18
-447
54
-13
-9
-49
-17
34
35
47
27
29
27
82
25
48
58
30
4
44
5
49
2
294
137
115
—11
181
183
3
3
3
36
37
262
-299
-760
-150
6
-119
-199
-154
-125
-37
-335
-533
-285
-491
-401
-274
-301
-368
124
-324
38
-43
-53
-29
-139
-177
-20
37
85
-71
-23
-80
2
-152
18
-39
3
-33
6
-46
12
-144
-47
-286
-108
-81
-38
-219
-70
-94
-48
-83
-191
-319
18
-224
-142
84
39
-80
-244
39
40
-10
403
5
-100
-46
26
-1
-405
-140
-21
-323
92
-32
304
-125
-4
-15
-3
-28
-32
-1
-27
-84
-3
-51
-32
-5
-11
-4
8
-1
-77
(*)
27
-92
-4
-29
-95
31
-50
-163
5
-76
-96
-13
(*)
(*)
-2
2
(*)
41
42
43
-21
/ -2
1-17
23
-29
-5
5
-17
-6
-7
-21
8
-9
-11
-4
-10
-1
6
-15
-51
—7
-63
—25
-48
0
13
—41
-33
305
351
-254
-77
-257
75
194
3
7
1
-4
2
15
-1
34
-3
36
1,047
i
-341
-13/
2,242
5,081
1,688
943
55
-31
2
-69
13
-562
21
206
19
-478
27
(*)
-13
2
22
-124
-4
-132
15
-117
7
-1
-10
11
-2
-1
1,176
(*)
2,434
-8
5,733
4
1,464
-7
1,393
9
5
(*)
19
35
A
-5
58
(*)
(*)
30
11
-6
(*)
(*)
10
14
-18
-2
-15
-36
7
-35
-1
1
9
7
-2
4
-39
-2
53
6
29
3
-11
-13
—2
-51
-16
-3
307
-5
116
-8
61
-2
335
51
-279
-19
-112
-27
-279
-23
88
-14
243
16
16
-6
-6
33
33
1
1
44
45
46
266
145
-111
41
-23
-54
4
101
28
-6
-58
31
-1,025
-3,583
-328
47
-214
-323
-117
-272
-552
export
documents, and imports of goods included under direct defense expenditures identified
/n Uen,sus ^Port documents, and reflects various other balance-of-payments adjustments
(for valuation, coverage, and timing) to Census statistics; see table 4.
4. Excludes reinvested earnings of foreign incorporated affiliates of U.S. firms or of U.S.
incorporated affiliates of foreign firms.
558
885
774
900
421
47
50
48
49
50
51
/
52
201 1 +53
232
118
79
31
-524
-330
7
-592
459
11
196
1,005
4
150
-11
-167
544
-710
255
252
851
-8
-3
717
-763
-274
-296
-237
-522
-230
-1
54
55
56
+57
58
59
60
61
62
710
63
110
64
5. Includes sales of foreign obligations to foreigners.
6. Includes transactions with shipping companies operating under the flags of Honduras,
Liberia, and Panama.
NOTE.—Details may not add to total because of rounding.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SUEVEY OF CURRENT BUSINESS
52
June 1972
Table 9a.—U.S. International Transactions, by
[Millions of
Line
Belgium-Luxembourg
(Credits 4- ; debits -)i
1968
1 Exports of goods and services 2
2
3
4
5
6
7
8
9
10
11
12
13
Transfers of goods and services under U.S. military grant programs, net
15
Imports of goods and services
-
16
17
18
19
20
21
22
23
Merchandise, adjusted, excluding military 3
Direct defense expenditures.. _ _ _
Travel
Passenger fares
Other transportation
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous services
24
25
26
27
Payments of income on foreign investments in the United States:
Direct investment fees and royalties
Direct investment interest, dividends and branch earnings 4
Other private liabilities
U.S. Government liabilities
28
U.S. military grants of goods and services, net
29
Unilateral transfers (excluding military grants) , net
30
31
32
U S Government grants (excludins militarv)
U.S. Government pensions and other transfers
Private remittances and other transfers
33
34
35
36
37
U.S. Government capital flows, net
1,504
1,660
1,972
1,947
819
9
7
4
36
6
6
1
970
8
11
5
34
8
7
1
1,209
10
12
5
39
10
6
1
1,068
12
17
6
42
8
10
1
1,084
32
30
19
85
32
22
6
1,193
18
34
21
86
34
26
5
1,496
8
39
24
86
43
28
5
1,377
9
48
25
89
40
40
18
.-
21
57
16
7
29
55
13
7
42
69
13
3
69
88
12
-2
95
65
20
14
95
92
31
25
102
98
30
13
120
141
33
7
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
- -------
-931
-872
-920
-1,069
-1,236
-1,369
-1,550
-1,737
-771
-37
-16
-10
-30
-4
-2
-9
-687
-39
-18
-13
-29
-5
-2
-9
-699
-36
-22
-15
-31
-5
2
-8
-846
-40
-22
-16
-35
-7
1
-7
-851
-25
-92
-68
-47
-14
-12
-23
-852
-18
-141
-86
-50
-15
-14
-28
-951
-17
-160
-96
-55
-13
-17
-27
-1,094
-19
-169
-103
-65
-12
-17
-28
-1
-9
-85
-11
-1
-1
-69
-26
(
-1
-12
-141
-11
(t)
-6
-61
-3
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-9
-8
-9
-9
-39
-35
-37
-42
-2
-7
-1
-7
-2
-7
-2
-7
(*)
-9
-30
-8
-27
-9
-28
-10
-32
6
8
2
27
-
-1
-1
Loans and other long-term assets
Foreign currencies and other short-term assets, net
Repayments on credits:
Scheduled
U.S. private capital flows, net
39
40
Direct investments abroad
Foreign securities
41
42
43
Claims reported by U.S. banks:
Long-term
Short-term, nonliquid
Short-term, liquid
44
45
46
Claims reported by U.S. nonbanking concerns:
Long-term
Short-term, nonliquid
Short-term, liquid
4
-
.
-
Foreign capital flows, net
- .-
--
- -
-
48
49
Direct investments in the United States *
U.S. securities other than Treasury issues
50
51
U.S. nonliquid liabilities to private foreigners reported by U.S. nonbanking concerns:
Long-term
.
Short-term
. . __
n
53|
54
55
?|
57)
58
59
60
61
62
--
-
__.-_
- --
Long-term liabilities to all foreigners reported by U S banks
6
-10
-4
2
-17
3
8
8
8
4
(*)
-
-
(*)
3
27
28
-174
-6
-76
-417
-517
-172
-5
-149
3
27
-13
-88
6
-322
-8
-239
-21
38
31
13
17
-15
-1
5
8
-2
-9
3
-10
9
14
8
(*)
-35
-6
-51
-5
-2
-39
-128
-26
3
-17
1
14
-11
-1
-4
12
-i
-11
-4
-14
-33
6
-5
46
3
-28
-4
-4
-34
.-26
026
0569
0203
o 153
0557
0482
0936
o 1,002
18
144
-40
8
o
w
25
213
19
329
6
115
-19
87
10
414
17
270
-27
224
83
60
41
-28
30
-25
-18
17
37
66
10
-3
55
-3
14
-6
0-8
o-ll
0-23
o-10
103
53
198
686
883
(*)
108
110
-1,032
-600
-91
-325
329
129
473
473
(*)
-2
-432
234
200
262
-573
-1,260
(*)
-380
-
-7
-33
-2
-159
32
U.S. liquid liabilities to all foreigners
(*)
(*)
-9
-125
-96
-32
8-7
To other official and private foreigners
Transactions in U.S. official reserve assets net
Gold
SDR__
Convertible currencies
Gold tranche position in IMF
-6
-12
-2
_9
-173
-32
-103
66
(*)
Nonliquid liabilities reported by U.S. Government:
-70
-23
-5
---
.
*in
-78
5
. . _
- - -- -
(t)
8
. . ..
38
47
1,331
-5
-36
-11
- - -
1971
1,149
- -
1970
1969
1,148
. .
14
1968
1971
989
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
Other transportation
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous serices
Receipts of income on U.S. investments abroad:
Direct investment fees and royalties
Direct investment interest, dividends and branch earnings 4 _
Other private assets
U.S. Government assets
1970
1969
France
95
58
o-7
215
8
37
8
-171
-821
_
71
5
(*)
(*)
(*)
01
o-16
63
64
Errors and omissions, and transfers of funds between foreign areas, net
-528
-346
-1,119
3. Excludes exports of goods under U.S. military agency sales contracts identified m Cen* Less than $500,000(±).
N.A. Not available.
sus export documents, and imports of goods included under direct defense expenditures
1. Credits, +: Exports of goods and services; unilateral transfers to U.S.; capital inflows
identified
in Census import documents, and reflects various other balance-of-payments
(increase in U.S. liabilities or decrease in U.S. assets); decrease in U.S.
adjustments (for valuation, coverage, and timing) to Census statistics.
official reserve assets.
4. Excludes reinvested earnings of foreign incorporated affiliates of U.b. nrms or 01 u.&.
Debits, —: Imports of goods and services; unilateral transfers to foreigners; capital
outflows (decrease in U.S. liabilities or increase in U.S. assets); increase in incorporated affiliates of foreign firms.
5. Includes sales of foreign obligations to foreigners.
-P-cmP* and
U.S. official reserve assets.
6. Line 55 excludes all military cash receipts from Belgium-Luxembourg, France ana
2. Excludes transfers of goods and services under U.S. military grant programs.
SURVEY OF CURRENT BUSINESS
June 1972
53
Selected Countries (not regularly published)
dollars]
1968
1970
1969
1968
1971
1969
Mexico
Netherlands
Italy
Germany
Line
1970
1968
1971
1969
1970
1971
1968
1970
1969
1971
2,485
2,930
3,813
4,171
1,432
1,606
1,803
1,764
1,699
1,783
2,098
2,249
2,348
2,649
2,607
1
1,639
231
44
29
120
40
19
12
1,941
292
55
33
125
50
26
9
2,556
194
67
37
136
61
30
12
2,494
594
79
40
147
60
34
11
1,084
69
22
14
60
30
15
5
1, 226
68
24
16
63
34
16
4
1,347
33
25
5
1,294
60
33
19
82
31
33
4
1,408
22
12
7
98
7
18
3
1,515
9
14
8
99
9
22
4
1,761
10
19
9
128
10
22
4
1,830
1,378
12
1
22 } 493
10
15
131
12
16
35
20
7
4
1,452
(*)
530
17
12
37
4
1,706
(*)
545
18
14
39
5
1,622
(*)
565{
21
13
40
3
2
3
4
5
6
7
8
9
98
208
35
10
112
238
37
12
129
520
43
28
158
490
43
21
67
43
20
3
74
45
25
11
90
60
35
39
104
65
24
15
36
61
22
5
43
31
24
5
49
37
48
1
55
102
46
1
65
67
129
19
65
74
136
21
67
89
145
21
73
129
120
21
10
11
12
13
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.
14
-4,282
-4,377
-5,249
-6,195
-1,599
-1,721
-1,880
-2,047
-801
-868
-991
-1,049
-1,689
-1,879
-2,135
-2,246
15
-2, 724
-878
-111
-73
-197
-21
-12
-21
-2, 608
-948
-114
-90
-188
-24
-14
-18
-3, 135
-1,080
-148
-102
-211
-25
-20
-23
-3,658
-1, 265
-126
-108
-239
-28
-17
-24
—1, 104
-106
-141
-64
-62
-5
-14
-11
-1,211
-122
-140
-74
-66
-5
-15
-10
-1,326
-108
-172
-85
-77
-5
-18
-10
-1,416
-117
-178
-88
-89
-6
-19
-11
-460
-41
-40
-70
-57
-3
-1
-3
-475
-44
-41
-86
-56
-4
-1
-3
-528
-44
-44
-97
-60
-5
-1
-3
-910
-535
-1
-53
-44 [ -638
-103
-7
-68
-3
(*)
-82
(*)
-11
-3
-1,030
-1
-692
-8
(*)
-85
-10
-1, 223
—1
-740
-8
(*)
-94
-10
-1, 263
-1
-832J
-9
(*)
-101
-11
16
17
18
19
20
21
22
23
-7
-77
-161
-6
-10
-153
-204
-6
-13
-175
-311
-6
-20
-150
-554
-1
-3
-40
-34
(*)
-5
-52
-22
-1
-4
-57
-61
(*)
-87
-30
-9
6
-101
-55
-8
5
-96
-101
-17
4
-100
-133
-11
(*)
(*)
-48
-5
(*)
(*)
-57
-2
(*)
(*)
-28
-1
24
25
26
27
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.
28
119
109
121
140
-98
-104
-114
-10
-7
-10
-10
-81
-85
-93
29
-43
183
(*)
-51
-47
(*)
-51
-53
(*)
-20
-61
-1
-22
-62
(*)
-29
-64
30
31
32
(*)
-1
-31
151
-33
142
-37
158
-5
(*)
-31
-60
48
29
18
74
n.a.
-106
/*\
(
-57
-49
(*)
-65
-49
-2
-8
65
3
114
43
15
-213
14
8
-9
-1
-5
2
6
-10
-28
-68
-8
-124
12
-58
6
-64
1
5
8
7
99
g
73
17
74
30
—131
66
71
-1
-2
-5
1
2,221
(*)
(*)
-34
-6
-2
-8
-3
-7
-67
—1
-16
-50
1
-2
-53
-17
2
18
33
1
—2
(*)
—94
-1
-62
(*)
-57
(*)
-31
1
34
35
59
48
36
37
-1
41
1
(*)
66
45
(*)
(*)
-250
-153
-271
-596
-46
-208
-40
-375
-107
-51
-373
-103
7
123
-130
-95
38
-242
26
-238
86
-264
-27
-478
-12
-28
15
-109
18
-107
22
-326
13
-118
31
-122
76
-129
66
-113
82
-63
-38
-93
-35
-87
(*)
-55
-21
39
40
29
49
-41
-4
-43
10
1
- -6
25
-67
-19
-30
44
-38
-9
11
-21
6
-1
21
-2
-28
-53
-5
-4
-1
—1
-14
2
—6
-1
-9
4
-41
-3
68
25
-13
115
129
18
53
-120
14
5
-15
-12
41
42
43
6
-5
-72
18
-44
62
—4
-1
5
-5
-12
27
-5
-27
2
gg
-25
10
38
-13
2
47
-15
-8
—5
-5
-5
—1
-5
14
—301
10
-3
—21
-15
4
18
1
9
-9
-2
17
(*)
-7
-2
2
3
44
45
46
1,597
26
5,930
4,031
6-1,073
«644
«658
6 124
6610
«962
«-232
240
-199
-45
-73
47
34
438
204
562
48
273
40
292
2
116
-2
65
2
95
10
83
141
121
125
165
107
202
11
278
(*)
153
39
276
50
-49
-77
-38
-23
-10
11
72
6
27
-2
41
25
8
187
11
128
64
295
121
(*)
-3
5
4
-5
4
1
-1
110
54
-4
500
61
249
262
-510
—3
-4
—366
70
6—37
371
-1,576
6,138
4,076
-1,221
-46
-378
-500
22
-2
212
209
-46
122
22
-2
3
382
1,840
-4,480
-1,592
1,157
«-128
(*)
-112
o_55
-102
—56
76
-132
(*)
(*)
-111
0 55
577
«— 20
558
-313
134
19
19
134
(*)
(*)
15
(*)
15
2
-2
-4
-94
-31
8—6
e 7
e 11
_9
—2
187
299
-490
(*)
-28
50
50
25
25
(*)
(*)
-1,466
-1,737
-878
(*)
-2
~~
-139
2
(*)
254
-127
(*;
48
49
8
(*)
(*)
50
51
31
II 53?
f
-112
I
25
25
54
55
56
+
57
58
59
60
61
62
63
824
-569
Netherlands and partially excludes such receipts from Italy because these data are not available by country.
NOTE.—Country data are based on information available from U.S. reporting sources. In
some instances the statistics may not necessarily reflect the ultimate foreign transactor. For
instance: U.S. export statistics reflect country of reported destination; in many cases the exports may be transshipped to third countries (especially true for the Netherlands and Germany). The geographic breakdown of security transactions reflects country with which trans-
106
-989
-659
-295
-281
-118
64
action occurred but may not necessarily reflect the ultimate sources of foreign funds or ultimate destination of U.S. funds.
Data for individual countries within EEC may not add to the published totals for EEC
since in several instances the transactions are regional and in other instances estimates for the
group are not available for each country. In addition country data may not add to EEC totals
because of rounding.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
54
SUEVEY OF CURRENT BUSINESS
June 1972
Table 10.—Summary of Known Current and Long-term Capital Transactions, by Area l
[Millions of dollars]
Line
[Receipts by foreign areas (— )]
19'ri
1968
1969
1970
I
2
3
4
5
All areas, balances on: 2
Merchandise trade
Goods and services
Goods, services and remittances
Current account
Current account and long-term capital 3
6
7
8
9
10
United Kingdom, balances
on:
Merchandise trade 2_
Goods and services
Goods, services and remittances
Current account
Current account and long-term capital 3
11
12
13
14
15
European Economic Community,
balances on:
Merchandise trade 2
Goods and services
Goods, services and remittances
Current account
Current account and long-term capital 3 -
16
17
18
19
20
Other Western Europe,2 balances on:
Merchandise trade
Goods and services
Goods, services and remittances
Current account
Current account a n d long-term capital
21
22
23
24
25
Eastern Europe, balances
on:
Merchandise trade 2
_ . _
Goods and services
Goods, services a n d remittances -._.
Current account
.
- 3 _ _ . _ _ Current account and long-term capital _. - ._ .
26
27
28
29
30
Canada, balances on :2
Merchandise trade
Goods a n d services
Goods services and remittances
Current account
-- .
Current account and long-term capital 3 _ - -
31
32
33
34
35
Latin American Republics
and Other Western Hemisphere, balances on:
Merchandise trade 2 .
Goods and services -Goods services and remittances
Current account
-Current account and long-term capital 3
36
37
38
39
40
Japan, balances on: 2
Merchandise trade
Goods and services
Goods services and remittances
Current account
Current account and long-term capital 3
1
41
42
43
44
45
46
47
48
49
50
612
2 425
1 223
—484
-1,444
-86
-
_ -
-
.
_ . _ _
-
.
._
_
_
___.
_ . _
_
_ _ _
___
- - - --
- --
-
Australia, New Zealand,2 and South Africa, balances on:
Merchandise trade
Goods services and remittances
Current account
_
Other countries in Asia and Africa, balances on:
Merchandise trade 2
Goods and services
Goods services and remittances
Current account
Current account and long-term capital 3
--
1 019
1 712
-72
236
-117
—117
1 653
507
467
467
517
469
—39
881
32
2 689
727
—802
—2 847
—9 374
—122
-642
—696
—696
-742
514
—630
-665
-665
—1 323
III
II
475
1 509
1 174
709
—1 262
134
12
1
1
—368
225
107
111
111
-285
778
251
—131
—655
—3, 466
296
—104
—657
23
—1 566
—782
—1 148
—1 738
—3, 272
—144
—358
—370
—370
—285
9
—9
—27
—27
248
-183
-197
-197
112
—16
—212
-225
—225
—599
—554
—572
—572
-931
193
29
21
21
491
—114
-505
-502
-502
-629
—121
—288
—300
—300
—338
-27
-34
7
36
-7
—107
—172
—178
—87
—373
—443
—454
—494
445
-156
-221
-229
-153
150
158
137
128
132
183
187
167
163
163
58
64
60
59
59
28
28
23
19
10
27
22
17
17
21
70
73
68
68
71
90
98
92
92
83
—1. 613
-499
—604
—604
-1,635
—1, 690
-327
—447
-447
-896
-353
-380
-537
-163
-478
-419
-460
-460
-566
-479
50
30
30
-42
32
491
423
357
-69
164
490
426
360
-72
48
536
470
402
37
-141
93
71
333
264
194
197
-3,211
-3, 435
-3,481
-3,481
-4, 280
-504
-505
-514
-514
-701
-875
-907
-917
-917
-1,219
-744
-810
-823
-823
-1,480
-1,088
-1,214
-1, 227
-1, 227
-881
-888
-989
-998
-998
-1,581
202
319
314
314
203
77
211
205
205
53
131
243
236
236
143
145
350
344
344
284
125
271
266
266
191
392
952
788
453
225
980
801
385
-24
539
355
-10
-243
-67
643
465
-4
457
130
15
25
9
—5
5
53
67
49
46
84
-442
—784
406
373
373
101
34
34
-571
-1,381
417
—385
—637
-666
-32
-57
-57
153
323
589
315
1,711
1,493
1,239
1,804
1,559
1,338
1,962
1,692
1,430
155
450
207
1,849
1,580
1,311
-1, 120
-1, 346
-1,384
-1,384
-1, 237
-1,418
-1,763
-1, 802
-1, 802
-2, 157
-1,246
-1,531
-1, 575
-1, 575
-1, 613
460
996
978
978
709
295
781
759
759
753
452
555
1,110
1,087
1,087
1,123
1,099
1,099
1,256
2,033
1,462
1,827
1,223
2,396
1,691
2,882
2,172
-1, 726
-1, 421
-2, 063
-138
-649
-94
-94
-174
-174
-329
-488
105
105
-83
-20
-20
-72
82
82
47
-1, 016
-323
-340
-27
—1 309
124
-185
-214
-1, 727
1 077
—1 330
1 743
—2 246
—4 672
—103
-167
—171
-166
-251
—286
733
IP
IV
250
197
143
136
126
—194
-423
-460
1 044
185
- -
305
132
296
3
-69
—26
884
-
—1 035
—3, Oil
2 164
3 563
2 089
*356
—3 059
—396
—444
—444
—722
-756
—757
...
610
-702
—753
-753
—1 060
—202
-248
—248
.
621
1 911
1972
1971
754
934
412
685
350
618
-454
74
39
39
-126
410
227
-211
-825
-72
-95
-95
-390
105
34
-31
-193
-454
International organizations and unallocated, balances on:
51
52
53
54
55
52
Goods and services
Goods services and remittances
Current account
Current account and long-term capital 3
-.
p Preliminary.
1. Balances of payments by area on the net liquidity basis and the official reserve transactions basis lack validity because liquid dollar holdings of private and official foreigners
may be affected not only by their transactions with the United States but also by transactions
among themselves. The balances shown by area here have some shortcomings due to statistical discrepancies including errors, omissions, and incorrect area attributions.
Balances are derived from lines in table 2 (all areas) and table 9 (individual areas) as follows:
Merchandise trade
2,16.
Goods and services
1,15.
Goods, services and remittances
1,15, 31, 32.
Current account
1,15, 29.
Current account and long-term capital
1,15, 29, 33, 39-41,
44,48-50,52,55.
(By area only part
of line 52 is included.)
-279
-279
-402
-671
-228
-132
-110
-110
-170
—561
153
153
112
208
4
4
-42
-129
The balance on current account and long-term capital with "all areas" includes changes in
long-term liabilities to all private foreigners reported by U.S. banks; with "international
organizations" includes only liabilities to IBRD and affiliated organizations; and with other
areas includes only liabilities to regional organizations. Increases in the long-term liabilities
to other private foreigners included in the total, but not in the areas, amounted to (millions
of dollars): 1968, -7; 1969, 48; 1970,123; 1971-1, 8; 1971-11,12; 1971-III, 7; 1971-IV, 68; 1971 year,
95; 1972-1,18.
2. Adjusted to balance of payments basis; excludes exports under U.S. military agency
sales contracts and imports under direct defense expenditures.
3. Includes some short-term U.S. Government assets; area data exclude long-term liabilities
reported by U.S. banks other than to international and regional organizations (see footnote
!)•
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
SUKVEY OF CURKENT BUSINESS
June 1972
Table 10a.—'Summary of Known Current and Long-term Capital Transactions,
by Selected Countries 1 (not regularly published)
[Millions of dollars]
Line
1
2
3
4
5
[Receipts by foreign areas (— )]
1968
Belgium-Luxembourg, balances on:
Merchandise trade 2
Goods and services
Goods, services and remittances
Current account
Current account and long-term capital 3_ _
_
_ _
_
1970
1969
1971*
48
59
50
50
338
283
275
267
267
638
510
499
490
490
454
222
262
253
253
143
6
7
g
9
10
France, balances on:
Merchandise trade %
Goods and services
Goods services and remittances
Current account
Current account and long-term capital 3
233
268
229
229
676
341
291
256
256
469
545
422
385
385
287
283
210
168
168
-36
11
12
13
14
15
Germany, balances on:
Merchandise trade 2
Goods and services
Goods services and remittances
Current account
Current account and long-term capital 3
—1,085
—1,798
—1, 678
—1,679
—1 179
—667
—1 447
—1 338
—1 338
—169
—579
—1 436
—1 315
—1 315
—1 226
-1, 164
-2, 024
-1,884
— 1, 884
-2, 475
16
17
18
19
20
Italy, balances on:
Merchandise trade 2
Goods and services
Goods, services and remittances
Current account
Current account and long-term capital 3
—20
—167
—265
—265
-153
—115
—219
—219
—530
21
—77
-28
—122
-283
-397
—397
-606
21
22
23
24
25
Netherlands, balances on:
Merchandise trade 2_
Goods and services _
_:
Goods, services and remittances
_
Current account
Current account and long-term capital 3
1, 295
1,200
1,190
1,190
1,539
26
27
28
29
30
Mexico, balances on: 2
Merchandise trade
Goods and services
Goods, services and remittances. _
Current account
Current account and long-term capital 3_ _
359
361
268
268
221
__
_
15
—183
—183
948
898
888
888
1,040
1,111
1,154
1,233
1,107
1,097
1,097
1,094
468
532
466
465
390
422
469
388
388
376
483
514
430
429
424
915
908
908
NOTE.—Balances are derived from data in table 9a. For footnotes see table 10.
Source: U.S. Department of Commerce, Bureau of Economic Analysis.
(Continued from page 25)
issues sold abroad by U.S. corporations, although, still at a high level,
showed a small adverse shift in the
first quarter. Net long-term capital
flows reported by U.S. banks shifted
favorably by $170 million as the expansion of liabilities increased by that
amount while claims expanded by about
the same amount as in the fourth
quarter. The expansion of liabilities
consisted largely of deposits of proceeds
from new bond issues by international
organizations.
Nonliquid short-term private capital
flows
There was another large increase in
bank-reported nonliquid short-term
claims in the first quarter. However,
the increase, at $565 million, was $120
million less than in the fourth quarter.
All of the rise was in outflows exempt
from the Voluntary Foreign Credit
Restraint Program. There was an in-
crease in loans and acceptance financing
to most areas, but claims on Japan
showed some decline after a marked
rise in previous quarters. Nonliquid
short-term flows reported by nonbanking concerns showed a $165 million
reduction in claims which more than
offset a $125 million drop in liabilities,
resulting in a small favorable net shift.
Errors and omissions
There was evidence of some unrecorded inflow of short-term funds in
the first quarter, as net errors and
omissions registered a $2.5 billion favorable shift to an inflow of $0.5 billion.
This probably reflected some reflux of
the substantial unrecorded outflows in
1971 associated with the exchange market crises.
Liquid private capital flows
Liquid liabilities to foreign commercial banks shifted from a decline of $1.3
billion in the fourth quarter to a rise of
$440 million in the first. This change
reflected both a reversal of a substantial
drop in liabilities of U.S. agencies to
their foreign head offices and a sharp
slowdown in the decline in liabilities
of U.S. banks to their foreign branches.
It was the first rise after 2 years of
large reductions. This shift was partly
offset by an increase in liquid claims
reported by U.S. banks that exceeded
the fourth quarter increase by $405
million. Nevertheless, reported net
liquid private capital outflows dropped
to $165 million in the first quarter, a
mere one-tenth of the fourth quarter
outflow of $1.6 billion.
Official
liabilities and reserves
Financing the $3.3 billion official
reserve transactions deficit, liabilities
to foreign official agencies rose by more
than $2.8 billion. Tiie biggest reserve
gains were listed by Japan, Germany,
and the Netherlands. U.S. official reserve assets declined $430 million. A
repurchase of gold by the IMF from
the United States—which was off set by
a reduction of U.S. liabilities to the
IMF—reduced the reported U.S. gold
stock by $545 million. Other U.S. reserve assets rose $115 million as the
1972 SDR allocation ($180 million at a
quarterly rate) was partly offset by a
reduction in U.S. holdings of convertible currencies.
Highlights and Perspectives
Corporate capital flows
Net corporate capital outflows (table
C) increased $290 million in the first
quarter to $890 million. There was a
moderate increase of $205 million in
direct investment outflows, a decline of
$335 million in corporate borrowing,
and a partly offsetting improvement of
$250 million in other corporate claims.
The shifts were influenced by changes
in OFDI regulations, exchange market
uncertainties last year, and perhaps
also by cyclical conditions abroad.
Direct investment outflows, while
above the fourth quarter level, were
about $300 million below those of the
first quarters of 1970 and 1971. As
noted earlier, this reduction from 1970
56
SUEVEY OF CURRENT BUSINESS
June 1972
and 1971 may be related to the fact viously, two changes in OFDI regula- ever, U.S. companies could, if desired,
that U.S. firms' foreign affiliates plan tions contributed to differences in the take until end February 1972, which
to increase plant and equipment expend- yearend swings in these accounts. To would have reduced the shift from the
itures only 7 percent this year; the meet OFDI 1970 year-end positioning fourth to the first quarter in both shortsmall planned increase is possibly as- requirements, companies tended to bor- term borrowing and short-term liquid
sociated with the sluggish pace of row large amounts abroad and to re- claims. In addition, the swing in
economic activity in many foreign patriate unused proceeds of such bor- short-term liquid claims may have been
countries. Much of this planned ex- rowing in the fourth quarter. These reduced by another change in OFDI
penditure can be met out of the affili- transactions tended to be reversed in regulations eliminating the need to
ates' internally generated funds, so the first quarter of 1971. To meet OFDI repatriate a certain portion of the
that the need for capital outflows from 1971 positioning requirements, how- unused proceeds of foreign borrowings.
the United States may be modest. Also
contributing to the small size of the
outflow in the first quarter, there was a
net inflow (not seasonally adjusted) of
direct investment capital from Latin
America. This inflow, amounting to
more than $100 million, was wide- Revisions
spread among companies and may have
As is customary in the June SURVEY, the balance of payments tables published in this issue include a number of revisions
reflected political uncertainties in the of previously published data largely reflecting the availability of new information. Using the revised data, seasonal adjustments
for most accounts were recalculated by extending through 1971 the period used to derive seasonal adjustment factors. Data
area.
and seasonal adjustments for 1970 and 1971 were subject to the most numerous revisions.
Major data changes in the accounts are as follows (line references are to table 2):
Total corporate borrowing abroad
(1) Merchandise exports (line 2): Downward revisions in data for 1966-71 mainly represent deduction of military shipments
declined $335 million to $255 million.
not previously identified.
New issues declined $60 million to $310
(2) Merchandise imports (line 16): Downward revisions in data for 1969-71 mainly represent revisions in valuations of
million (although early indications sug- automotive imports from Canada.
(3) Private payments for other services (line 22): Upward revisions in data for 1960-71 mainly represent addition to coverage
gest an increase in the second quarter).
to include earnings of Canadian workers employed in the United States.
Short-term liabilities dropped $10 mil(4) Transfers of goods and services under U.S. military grant programs, net (line 14), and U.S. military grants of goods
lion after having increased $150 million and services, net (line 28—a contra-entry to line 14): Upward revisions in data for 1965-71 are explained in the following note
in the fourth quarter. This $160 million on military grants.
adverse shift partly reflected reversal Military grants
of the fourth quarter borrowings that
Data on transfers of goods and services under U.S. military grant programs and military grants of goods and services
(table 1, line 51 and tables 2, 3, and 9, lines 14 and 28) have been revised upward by $1 billion in 1966, $1.5 billion in 1967, and
are usually arranged to meet OFDI by
an average of about $2 billion a year in 1968-71. (These lines are offsetting and do not affect any of the balances computed.)
yearend position requirements.
The added amounts are the Defense Department's estimates of the dollar value of assistance provided under congressional
authorization in Public Law 89-367 for "support of Vietnamese and other free world forces in Vietnam . . . on such terms and
A favorable swing of $250 million in conditions
as the Secretary of Defense may determine." Pursuant to these authorizations, funding for such transfers was
other corporate claims partly offset established under direct Defense Department appropriations instead of from the military assistance programs under the
Foreign Assistance Acts. Estimates of the value of such support furnished from annual Defense Department appropriations
the deterioration in direct investment were
previously not available for inclusion in the balance of payments accounts.
and corporate foreign borrowing. There
The Defense Department has also provided estimates of the acquisition cost of supplies and equipment which were excess
the needs of the U.S. Armed Forces and transferred to the countries receiving military assistance funded from Defense
was a $240 million favorable shift in to
Department appropriations. These transfers, as well, were not previously included in the lines noted.
short-term nonliquid claims, a subQuarterly estimates of the value of transfers funded by Defense Department appropriations are based upon the reports
stantial part of which probably rep- compiled by the Defense Department pursuant to Public Law 89-367 (subsection 401 (b)). Fiscal year estimates of the value of
supplies and equipment, provided by the Defense Department, have been smoothed into quarterly series by BEA.
resented payments by foreigners, after excess
No estimate of the value of real property which the U.S. forces have turned over to these countries without compensation
the devaluation of the dollar, of their is included in these balance of payments accounts, in keeping with customary recording of real property transactions of the
U.S. Government in the U.S. balance of payments statistics and the national accounts. In any case, the amounts appear to
accounts payable that had been built be
small.
up during the period of exchange
The Defense Department has indicated that because of combat conditions in Southeast Asia, the reporting system for the
support furnished to foreign forces from Defense Department appropriations providecfonly for recording of data recognizing
uncertainties.
formal accounting obligation of the appropriation, when available, or the recording of estimates where precise obligation data
The $290 million adverse swing in could not be maintained. The Defense Department is endeavoring to provide supporting detail for some of the resulting estithat have been furnished for use in the balance of payments statistics. As these data are further analyzed and as details
total corporate capital flows from the mates
become available, revisions may be made in the entries in the balance of payments presentations.
fourth quarter to the first was subPreliminary indications are that the newly estimated amounts of transfers for the support of foreign forces include services
stantially below the $1.5 billion deteri- and construction costs as well as supplies and equipment. Most supplies and equipment appear to be of U.S. origin, purchased
part of total U.S. Government defense procurement and not identified during production or shipment as intended for transoration in the first quarter of 1971. as
fer to foreign countries.
There was a $1.2 billion difference between the year-end swings in the two New country data
international transactions with Belgium-Luxembourg, France, Germany, Italy, Netherlands, and Mexico for the
periods, including a $625 million dif- yeacsU.S.
1968-71 are shown in tables 9A and 10A. Data for these countries are published for the first time. They are based on inference in the shift in short-term lia- formation available from U.S. reporting sources, and are subject to certain reservations since, in some cases, the information
reflect the initial rather than the ultimate party to the transaction. The financial data for the.EEC countries are especially
bilities and a $445 million difference in may
affected since Switzerland and the United Kingdom are major European financial centers and many transactions attributed
the shift in short-term liquid claims. to these two countries may have been for the account of EEC countries. U.S. export statistics reflect country of reported
destination; in many cases, exports are transshipped to third countries after initial unloading in major shipping centers such
Besides the factors mentioned pre- as the Netherlands.
Technical Notes
U. S. GOVERNMENT PRINTING OFFICE : 1972 O - 468-387
CURRENT BUSINESS STATISTICS
J.HE STATISTICS here update series published in the 1971 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (available from the Superintendent of Documents for $3.00) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1967 through 1970 (1960-70 for major quarterly
series), annually, 1947-70; for selected series, monthly or quarterly, 1947-70 (where available). Series added or significantly revised after the 1971
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively; certain revisions for 1970 issued too late for
inclusion in the 1971 volume appear in the monthly SURVEY beginning with the September 1971 issue. Also, unless otherwise noted, revised monthly
data for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1971 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 189-90.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely.
Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
1969
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1969
1971
1970
I
II
1970
III
IV
I
II
1971
III
IV
I
II
Annual total
1972
ni
IV
I
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
__bil.$__
929.1
974.1 1, 046. 8
906.4
921.8
940.2
948.0
956.0
968. 5
983. 5
988.4 1, 020. 8 1,040.0
1,053.4
1,072.9
1,10 .6
Personal consumption expenditures, total
do
579.6
615.8
662.1
564.3
575.8
584. 1
594. 2
604.0
613.8
620.9
624.7
644. 9
657.4
668.8
677. 2
691.8
Durable goods, total 9
Automobiles and parts
Furniture and household equipment
do
do
do
89.9
40.4
36.3
88.6
37.1
37.4
100.5
46 2
39.6
89.5
40.1
35.6
90.6
39.9
37.0
89.4
40.4
36.2
90.3
41.0
36.2
88.6
37.8
37.3
90.7
39.1
37.6
90.4
38.8
37.0
84.9
32.7
37.6
96.6
43.8
38.8
99.1
45.3
39.4
102. 8
48.2
39.6
103.6
47 6
40.8
107.6
48.7
43.6
247.6
50.3
122.5
21.1
264.7
52.6
131.8
22.9
278.6
57.0
136.5
24.4
241.5
48.5
120.4
20.2
246.4
50.6
121.9
20.8
249.4
51.0
122.9
21.5
253.1
51.1
124.8
21.9
259.4
51.6
128.9
22.5
262.9
52.1
131.4
22.6
265.5
52.4
132.4
22.9
270.9
54.2
134.3
23.5
273.2
55.4
134.4
23.8
277. 8
57.0
136.3
23.8
280.2
57.4
137.3
24.5
283 3
58 0
138 1
25 4
288.0
59.0
140.7
25.4
262.5
36.1
91.2
17.9
282. 9
39.2
99.7
19.1
233.4
32.8
81.4
16.2
238.9
33.0
83.0
16.4
245.2
34.1
84.7
16.6
250.8
35.0
86.9
16.8
256.1
35.1
88.7
17.5
260.2
35.7
90.3
17.6
265.0
36.7
91.8
18.1
268.9
36.9
94.1
18. 3
275.0
37.7
96.5
18.6
280.5
38.9
98.7
19.0
285.8
39.9
100. 7
19.2
290 3
40 5
102 8
19.6
296. 2
41.2
104.8
20.0
Gross national product, total
Nondurable goods, total?
Clothing and shoes
Food and beverages
Gasoline and oil
___
__do _
do
do
_ _ _
do _
- - - -
do
do
do
do
242. 1
33.7
84.0
16.5
Gross private domestic investment, total.
_do
Services total 9
•
Household operation >.
Housing
Transportation
137. 8
135.3
151.6
134.3
137.0
141.8
138.0
131.2
134.1
138.6
137.3
143.3
152.9
150 8
159 4
168.3
do
do __
do
__.do
do
do
_do
do
130.4
98.6
34.5
64.1
31.8
31.2
7.4
7.3
132.5
102.1
36.8
65.4
30.4
29.7
2.8
2.5
149.3
108.7
38.2
70.5
40.6
40.1
2.2
1.7
127.6
95.0
33.1
61.8
32.7
32.1
6.6
6.5
130.2
96.6
33.0
63.6
33.6
33.1
6.8
6.7
131.4
100.7
36.0
64.7
30.7
30.1
10.4
10.3
132.3
102.2
36.0
66.2
30.1
29.5
5.7
5.5
130.8
100.8
36.1
64.7
30.0
29.4.4
.1
132.1
102.1
36.6
65.6
29.9
29.3
2.1
1.8
133.5
104.8
37.3
67.5
28.7
28.1
5.1
4.7
133.6
100.8
37.1
63.7
32.8
32.2
3.7
3.3
140.2
104 7
36 7
68.1
35 4
35 0
31
2 9
148.3
108 3
38.5
69.8
40 0
39 5
4 6
4 1
152.0
109 3
38 7
70.6
42 7
42 1
—1 2
—2 0
157.0
112 6
39 0
73.6
44 4
43 8
24
20
167.7
118.7
39.8
78.9
49.0
48.4
.6
.1
do
do
do
2.0
55.6
53.6
3.6
62.9
59.3
.0
65.3
65.3
1.4
48.0
46.6
1.2
56.9
55.7
2.8
58.3
55.5
2.7
59.2
56.6
3.5
61.5
58.0
4.2
63.2
59.0
4.0
63.7
59.7
2.7
63.2
60.5
4.7
66 2
61 5
.1
66 5
66 4
.0
68 2
68 2
-4.6
60 4
65 0
-6.2
69.2
75.4
209.7
Govt. purchases of goods and services, total. _do
99.2
Federal.
...
'.
do
78.4
National defense
do
State and local
... ... _ _do_ _ 110.6
219.4
97.2
75.4
122.2
233.0
97.6
71.4
135.5
206.5
99.2
78.3
107.3
207.8
97.7
77.5
110.1
211.5
100.3
79.4
111.2
213.0
99.5
78.4
113.5
217.3
100.2
78.9
117.1
216.5
96.8
75.1
119.7
220.1
96.1
74.2
124.0
223.7
95.9
73.2
127.9
227.9
96 4
72 6
131 6
229.6
96 0
^-'71 4
133 6
233.8
97 g
70 2
136 2
240.8
100 3
71 4
140 5
249.6
104.9
75.8
144.8
By major type of product:
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services.. _
Structures
971.3 1,044.5
492.0
465.5
193.7
180.8
298.3
284.7
443.3
410.3
109.2
95.5
899.8
441.3
179.1
262.2
364.0
94.5
915.0
447.7
179.6
268.0
371.9
95.3
929.8
452.3
181.3
271.0
383.0
94.5
942.3
458.3
183.4
274.9
390.6
93.4
955.6
461. 5
181.5
279.9
400.8
93.4
966.5
466.6
183. 7
282.9
406.2
93.7
978.4
469.8
184.9
284.9
413.7
94.9
984.7 1,017.7 1,035.4
486.2
482.4
464.0
190.6
173.1
189.4
295.5
290.9
293.1
441.0
420.6
432.3
108.2
100.1
102.9
1,054.6
497.4
196.4
301.0
446.3
110. 8
1,070.4
502.0
198.4
303. 6
453.6
114.7
1,103.0
516.8
207.9
308.8
465.0
121.3
2.4
-1.8
4.3
.6
.2
.3
Fixed investment
Nonresident ial
Structures
Producers' durable equipment
Residential structures
Nonfarm
Change in business inventories
Nonfarm
_
- - ;
Net exports of goods and services
Exports
Imports. _ _ _ _
do
do
do
do
do
do
_ _
_
Change in business inventories .
Durable goods
Nondurable goods
_ _ _ _ _
921.7
449.9
180.9
269.0
377.4
94.4
do
do
do _
7.4
4.5
2.9
2.8
-.6
3.4
2.2
.4
1.9
6.6
3.8
2.8
6.8
4.7
2.1
10.4
6.5
4.0
5.7
3.0
2.8
.4
-1.8
2.2
2.1
-2.0
4.0
5.1
4.7
.4
3.7
-3.4
7.1
3.1
3.5
-.4
4.6
2.3
2.3
-1.2
-2.5
1.3
biL $
724.7
720.0
739.4
721.4
724.2
727.8
725. 2
719.8
721.1
723. 3
715.9
729. 7
735.8
740.7
751.3
761.6
494. 3
498.9
505.1
91.2
211.6
191. 4
93.0
212.7
193.2
95.5
214.3
195.3
GNP in constant (1958) dollars
Gross national product, total
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services..
do
469.3
475. 9
491.8
465.7
469.0
469.9
472.6
474.4
477.1
477.9
474. 2
84.8
202.7
181.8
81.4
207.3
187.2
' 89.5
211 4
190 9
85.2
201.6
178.9
85.6
202.8
180.6
84.0
203.0
182.9
84.4
203.4
184.8
82.3
205.7
186. 4
83.8
206.5
186.8
82.8
207.3
187.9
76.6
209.7
187.9
484.8
489.4
_ _
do
do
do
Gross private domestic investment, total
do
109.6
102.2
108.5
108.4
109. 4
112.4
108. 2
101.0
102.7
104.0
101.2
104.3
110.0
106.7
112.9
116.5
do
do
do
_do
103.2
80.1
23.1
6.4
99.9
78.6
21.3
2.3
106.3
79 3
27.0
2.1
102.8
78.6
24.1
5.7
103.5
79.1
24.4
5.8
103.2
81.1
22.1
9.2
103.3
81.7
21.6
4.9
100.7
79.3
21.4
.3
100.7
79.4
21.3
2.0
100. 1
80.1
20.0
3.9
98.1
75.5
22.6
3.1
101 8
77 7
24 1
25
105.9
79 1
26 7
4 1
107.2
78 9
28.3
—.5
110.5
81.5
29.0
2.4
116.2
84.8
31.4
.3
do
.1
2.4
-.1
-.5
-.3
.6
.6
1.7
2.6
3.2
2.1
3.0
-.5
.1
138.3
63.2
75.2
137.6
61.3
76.3
137.0
60.7
76.3
139.6
62.7
76.8
Fixed investment
_
Nonresidential
Residential structures
Change in business inventories. _. . .__
Net exports of goods and services
Govt. purchases of goods and services, total, .do
Federal
_ _
do
State and local
_
do _
r
Revised.
p Preliminary.
145.6
73.8
71.9
139.4
65.4
74.0
139.2
62 2
77.0
147.8
76.3
71.4
146.1
73.9
72.1
144. 8 143.8
138.7
142.6
138. 2
73.2
69.4
71.6
65.3
63.8
73.4
71.6
73.2
72.2
74.3
9 Includes data not shown separately.
85.9
210 0
188 9
87.8
211.5
190.1
-3.0
-4.1
142.6
64.0
78.6
144.1
64.2
79.9
s-1
SURVEY OF CUREENT BUSINESS
S-2
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1969
|
1970
1971
1970
1969
III
Annual total
June 1972
IV
I
II
1971
III
IV
I
II
1972
III
IV
I
II
III
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income, total
bil. $._
763.7
795.9
851.1
771.7
778.2
785.8
793.4
802.2
802.1
831.7
847.3
855.2
870. 1 '899.0
Compensation of employees, total
do
565.5
601.9
641.9
573.6
583.6
593.2
598.5
606.5
609.3
627.3
638.0
645.6
656.6
679.9
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
do
do
do
do
do
509.6
405.5
19.0
85.1
56.0
67.0
50.3
16.8
22.6
541.4
426.6
19.4
95.5
60.5
66.9
51.0
15.8
23.3
574.2
450.4
18.6
105.2
67.7
68.3
52.1
16.3
24.3
516.9
410.4
20.0
86.5
56.7
67.1
50.5
16.6
22.7
525.8
417.7
19.6
88.5
57.8
67.2
49.8
17.4
22.9
534.7
422.5
20.2
92.1
58.5
68.0
50.2
17.8
23.0
538.5
424.4
19.5
94.5
60.0
67.6
51.0
16.6
23.2
545.2
429.4
19.2
96.6
61.3
66.0
51.4
14.5
23.4
547.2
429.9
18.6
98.6
62.1
65.9
51.5
14.4
23.7
561.4
440.3
19.2
101.8
65.9
66.4
51.6
14.8
23.8
571. 0
448.4
18.6
104.0
67.0
67.2
51.9
15.2
24.2
577.3
452.3
18.0
106.9
68.3
69.2
52.3
17.0
24.5
587.0
460.3
18.6
108.1
69.6
70.5
52.5
18.1
24.6
607.3
475.6
19.9
111.8
72.6
71.2
52.6
18.7
24.8
78.6
70.8
81.0
78.0
73.3
69.8
71.5
73.0
69.0
79.5
82.5
80.0
82.0
'86.3
13.7
68.9
35.0
18.1
17.0
14.2
65.8
33.0
18.1
14.8
14.0
68.1
34.6
18.3
16.2
'14.2
'72.1
39.4
19.3
20.1
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
Durable goods industries
do
Transportation, communication, and public
utilities
bil $
All other industries
do
12.1
66.5
36.0
17.5
18.4
12.8
58.1
29.5
16.6
13.0
14.0
67.0
"34.2
C
17.9
c
16.3
12.2
65.8
34.8
17.0
17.8
12.0
61.3
33.0
16.9
16.1
11.3
58.5
31.1
16.7
14.3
12.1
59.4
31.5
16.5
14.9
13.5
59.5
30.6
16.8
13.8
14.0
54.9
25.0
16.2
8.8
14.2
65.3
34.4
17.2
17.2
10.0
20.6
8.0
20.5
8.5
'24.2
9.8
21.2
9.1
19.2
8.2
19.2
7.8
20.1
7.9
20.9
8.1
21.9
8.4
22.5
8.5
25.3
8.5
24.3
8.8
24.7
9.0
23.7
84.2
39.7
44.5
24.4
20.0
-5.5
29.9
75.4
34.1
41.2
25.0
16.2
-4.5
33.0
85.4
37.8
47.6
25.5
22.1
-4.4
35.6
81.2
38.2
43.0
24.7
18.3
-3.2
30.2
80.0
37.7
42.3
24.9
17.4
-6.7
31.1
75.6
34.1
41.5
25.0
16.6
-5.8
31.8
75.8
34.5
41.3
24.9
16.4
-4.2
32.6
78.5
35.6
42.9
25.2
17.7
-5.5
33.4
71.6
32.3
39.2
25.0
14.3
-2.6
34.2
83.0
38.3
44.8
25.6
19.2
-3.5
34.8
86.9
39.1
47.8
25.4
22.4
—4.4
35.4
85.8
37.5
48.2
25.7
22.5
-5.8
35.9
86.0
36.4
49.7
25.3
24.4
-4.0
36.4
'91.9
'39.4
'52.5
25.8
'26.6
-5.6
36.9
750.3
116.2
634.2
596.3
37.9
803.6
115.9
687.8
633.7
54.1
857.0
115.8
741.3
680.7
60.5
759.3
116.1
643.2
600.9
42.3
772.2
117.8
654.5
611.4
43.1
784.3
116.7
667.6
621.5
46.2
803.8
118.0
685.7
631.5
54.2
809.8
113.5
696.2
638. 9
57.4
816.7
115.2
701.5
643.0
58.5
833.5
111.6
722.0
663.3
58.6
853.4
113.8
739.6
676.0
63.6
864.6
116.0
748.5
687.6
61.0
876.7
121.7
755.0
696.0
59.0
900.1
135.7
764.3
710.8
53.5
75.56
31.68
15.96
15.72
79.71
31.95
15.80
16.15
81.21
29.99
14.15
15.84
19.25
8.16
4.03
4.12
21.46
9.12
4.59
4.53
17.47
7.14
3.59
3.56
20.33
8.15
4.08
4.07
20.26
7.99
3.87
4.12
21.66
8.66
4.26
4.40
17.68
6.69
3.11
3.58
20.60
7.55
3.52
4.03
20.14
7.31
3.40
3.91
22.79
8.44
4.12
4.32
' 19. 38 i 22. 90 122.41
'6.61 '8.18
7.96
'3.29 '4.09
3.95
'3.32 '4.09
4.00
43.88
1.86
1.86
2.51
1.68
11.61
8.94
2.67
8.30
16.05
47.76
1.89
1.78
3.03
. 1. 23
13.14
10.65
2.49
10. 10
16.59
51.22
2.16
1.67
1.88
1.38
15.30
12.86
2.44
10.77
18.05
11.10
.47
.49
.53
.40
3.03
2.23
.80
2.11
4.07
12.34
.49
.55
.64
.44
3.23
2.61
.62
2.39
4.60
10.32
.45
.42
.73
.28
2.54
2.15
.39
2.14
3.76
12.18
.47
.47
.80
.31
3.28
2.59
.69
2.59
4.26
12.27
.46
.46
.74
.30
3.58
2.79
.78
2.56
4.16
12.99
.50
.43
.76
.33
3.74
3.12
.63
2.81
4.42
10.99
.49
.34
.34
.28
3.11
2.70
.41
2.50
3.94
13.06
.54
.47
.60
.36
3.83
3.20
.63
2.81
4.44
12.83
.55
.42
.39
.37
4.07
3.35
.71
2.62
4.42
14.35
.59
.45
.56
.37
4.29
3.60
.69
2.84
5.26
' 12. 77 ' 14. 72
'.58
'.61
'.48
'.47
'.50
'.76
'.32
'.38
'3.63 '4.27
'3.19 '3.56
'.44
'.71
2.72
'4.55 '2 8. 24
27.96
do
do
do
do
77.84
33.05
16.53
16.52
77. 84
32.39
15.88
16.50
78.22
32.44
16.40
16.05
80. 22
32.43
16.32
16.11
81.88
32.15
15.74
16.40
78.63
30.98
14.92
16.05
79.32
30.46
14.21
16.25
81.61
30.12
14.06
16.06
80.75
29.19
13.76
15.43
83.18
30.35
14.61
15.74
' 86. 79 'i
' 30. 09 '
' 15. 06 '
' 15. 02 '
89.72
31. 86
16.02
15.84
do
do
do
do
do
do
do
do
do
do
44.80
1.89
2.06
2.23
1.65
11.48
8.98
2.50
8.71
16.78
45.46
1.85
1.94
2.80
1.63
11.80
9.36
2.44
8.76
16.67
45.78
1.92
1.74
2.94
1.37
12.14
9.77
2.37
9.14
16.52
47.79
1.84
1.88
2.88
1.12
12.72
10.15
2.57
10.38
16.98
49.73
1.86
1.96
3.24
1.22
13.84
11.34
2.50
10.62
17. 00
47.66
1. 94
1.56
3.08
1.22
13. 68
11.20
2.48
10.20
15.97
48.86
2.04
1.46
1.29
1.33
14.64
12.16
2.48
10.70
17.39
51.50
2.08
1.88
2.28
1 40
14.91
12.61
2.30
11.21
17.72
51.56
2.23
1.72
1.68
1.48
15.87
13.56
2.30
10.73
17.85
52.82
2.30
1.64
2.26
1.33
15.74
13.01
2.74
10.44
19.10
' 56. 70 ' 58. 14 57.86
'2.42 '2.36
2.36
1.92
'2.10 '1.87
2.20
'1.96 ' 3. 01
1.36
'1.48 ' 1. 46
' 16. 92 ' 16. 71 17.69
' 14. 27 ' 14. 13 14.82
2.87
'2.65 '2.58
11.71
' 20. 10 '2 32. 72 2 32. 33
Corporate profits befo e tax total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Dividends
do
Undistributed profits,.
do
Inventory valuation adjustment
do
Net interest
do
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Bates
Personal income total
bil $
Less* Personal tax and nontax payments
do
Equals: Disposable personal income
..do
Less: Personal outlays© _ _ .
do
Equals' Personal saving§
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
bil. $
Manufacturing
do
Durable goods industries f
do
Nondurable goods industries ^ . ' do
Nonmanufacturing
Mining
_.
Railroad
Air transportation _
Other transportation
Public utilities
Electric
Gas and other
Communication __
_
Commercial and other.
do
do
do
do
do
do
do
do
do
do
_
.
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries f
Nondurable goods industries If
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication..
Commercial and other
_
U.S. BALANCE OF INTERNATIONAL
PAYMENTScF
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil. $
Merchandise, adjusted, excl . military
do__Transfers under U.S. military agency sales contrap ts
-mil $
Receipts of income on U.S. investments
abroad
.....mil. $.
Other services
do—-
90. 69
32. 55
16. 26
16. 29
14.46
.58
.49
.50
.34
4.59
3.72
.87
P 17,685
' 55,501 ' 62, 874 ' 66, 136 ' 14,526 ' 14,800 ' 15,375 ' 15,762 ' 15,932 ' 15,805 ' 16,580 ' 16,675 'r 17,133 ''15,748
' 36,417 ' 41, 963 ' 42, 770 ' 9, 574 ' 9, 871 '10,231 ' 10,565 ' 10,705 ' 10,462 ' 11,017 ' 10,710 11,479 r 9, 584 v 11,809
?357
'423
'474
510
'516
'441
'329
'436
336
'441
'1,512 ' 1, 479 ' 1, 923
'273
10, 539 ' 11, 428 ' 12, 900 ' 2, 706 ' 2, 775 ' 2, 936 ' 2, 779 ' 2, 863 ' 2, 850 ' 2, 937 ' 3, 297 ' 3, 015 ' 3, 651 p 3,201
' 7, 033 ' 8, 004 ' 8, 543 ' 1, 805 ' 1, 818 ' 1, 935 ' 1, 977 ' 2, 035 ' 2, 057 ' 2, 116 ' 2, 152 ' 2, 165 ' 2, 110 * 2,318
042 -16, 285 p-18,832
Imports of goods and services
do.. '-53, 594 '-59, 308 -65, 410 '-13,864 '-14, 12 '-14, 477 '-14, 79 '-14, 943 '-15, 09 -15, 444 '-16, 639 '-17,
p-13,482
'-35, 79 '-39, 799 -45, 459 '-9, 271 '-9, 381 '-9, 731 -9, 831 '-9, 968 '-10, 26 -10, 728 '-11, 722 '-11, 951
Merchandise, adjusted, excl. military
do_
Direct defense expenditures..
..do... -4, 856 '-4,852 -4, 817 -1, 221 -1,251 '-1, 180 '-1, 259 '-1, 210 -1, 203 -1, 175 -1,214 '-1, 198 -1, 230 p-1,223
Payments of income on foreign investments in the
U.S..
..mil. $. -4, 564 -5, 167 -4, 905 -1, 242 -1,315 '-1, 344 -1, 322 -1, 284 '-1, 217 -1, 139 '-1, 106 '-1, 304 -1, 356 p-1,365
'-8, 377 '-9,490 -10, 229 '-2, 130 '-2, 182 '-2, 222 '-2, 383 '-2, 481 '-2, 404 -2, 402 '-2, 597 '-2, 589 -2, 641 p-2,762
Other services.... _ _
do
'91 ' -537 p-1,147
'36
670 ' 1, 136
995
1,045
'662
881
'671
' 1, 907 ' 3, 563
'727
Balance on goods and services, total..
do
'281 '-1, 012 ' -472 '-1,494 p-1,673
142
704
751
'490
513
'303
Merchandise
do._2,110 '-2,681
'621
' Revised.
v Preliminary.
* Estimates (corrected for systematic biases) for Apr.June and July-Sept. 1972 based on expected capital expenditures of business. Expected expenditures for the year 1972 appear on p. 19 of the June 1972 SURVEY.
2 includes communication.
9 Includes inventory valuation adjustment.
©Personal outlays comprise personal consumption expenditures, interest paid by consumers, and personal transfer
payments to foreigners.
§Personal saving is excess of disposable income over personal
°U1[Data for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY. tfMore complete details appear in the
quarterly reviews in the Mar., June, Sept., and Dec. issues of the SURVEY.
'Corrected.
SURVEY OF CURRENT BUSINESS
June 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1971
1970
1969
1969
1970
IV
III
Annual total
S-3
I
II
1971
III
IV
I
II
1972
III
I"
IV 9
II
III
Apr.
Mayp
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. BALANCE OF INTERNATIONAL
PAYMENTS— Con.
Quarterly Data Are Seasonally Adjusted
Unilateral transactions (excl. military grants) , net
mil. $.. '-2,947 '-3,208 ' -3, 575 '-702 '-747 ' -765 ' -773 '-821 '-849 ' -791 ' -846 ' -946 ' -992
-899
'355
Balance on current account
do
Long-term capital, net:
'-1,927 -2, 029
U.S. Government
do
'-51 ' -1, 398
Private __ _
_
do
Balance on current account and long-term capital r
-3,
118 '-3,061
mil. $..
Nonliquid short-term private capital flows, net
' -482
'-640
mil. $..
867
Allocation of special drawing rights (SDR)__.do
'-2,876 ' -1, 075
Errors and omissions, net
do
-80
125
292
192
-166
' -2, 378 '-708
' -4, 149 '-379
' -192
'675
-453
-969
-590
-272
-312
-220
-673
7
'407 -1, 297
-570
-340
-832 '-1,279 '-2,998 '-3,296 ' -1, 802 -3,241
' -9, 374 ' -1, 127
'-2,420
'-5
717
' -10, 928 ' -942
Net liquidity balance
do
Liquid private capital flows net
do
Official reserve transactions balance
do
Changes in:
Liabilities to foreign official agencies _ .... do
U.S. official reserve assets, net
do
' -6, 128 ' -3, 851 ' -2, 002 ' -2, 074
'8,824 ' -5, 988 ' -7, 763 ' 1, 578
'2,696 ' -9, 839 ' -29, 765 ' -496
Liquidity balance, excluding SDR
-'6,963 -4, 721 ' -23, 994 '-2,458
' -512
-1, 187
do
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1970
-947
' -810 ' -855 ' -1, 529 -2,094
15
' -2, 847
7,619
2,477
'-204
203
' -702 '-584 ' -558 ' -533
' -922 '-1,604 ' -1, 883 '260
-385
-762
' -115 ' -140 ' -115 ' -175 ' -534 '-315 '-883 '-688
179
217
217
179
217
216
180
179
' -51 ' -410 ' -677 ' -37 '-944 '-2,586 ' -5, 380 '-2,018
-529
178
480
'406 ' -1, 254 ' -868 ' -675 ' -1, 024 ' -2, 577 ' -5, 721 ' -9, 380 ' -4, 329 -3,112
'574 r -1, 610 ' -536 ' -1, 400 ' -2, 454 ' -2, 848 ' —745 ' -2, 551 ' -1, 619 —185
'980 ' -2, 864 ' -1, 404 ' -2, 075 '-3,478 '-5,425 '-8,466 '-11, 931 ' -5, 948 -3, 277
' 27, 615 ' 1, 697 ' -681 '3,020
-154
2,348
-686
264
'99
805
2,572
'1,736 ' 2, 765 ' 4, 952 ' 5, 975 '10,919 ' 5, 774
584
824
682
659
1,194
429
-187
'403 ' -1, 629 ' -745 ' -1, 154 '-1,194 '-3,238 ' -5, 973 '-10, 296 ' -4, 487 -3, 707
1971
Annual
'345
1972
1971
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
803.6
857 0
843 0
848 6
868 6
857 7
866 1
869 9
871 2
874 9
883.9
892.8
901.8
905.6 ' 911. 1
Wage and salary disbursements, total
do
Commodity-producing industries, total-do
Manufacturing
do
Distributive industries. __
do
541.4
200.7
158.3
129.1
574.2
205.7
160 8
138 8
567.7
204.4
159 6
137 2
572.0
206. 1
161 1
138 3
573.2
206.4
161 4
138 1
572.9
205.0
160 2
138 0
579 2
205.3
160 2
140 0
579.8
206.7
161 1
140 7
581.3
207.4
162 0
140 9
584.8
208.1
162 2
141 6
594.8
211.4
165. 3
144.7
603.0
213. 2
165.8
146.3
610.6
216.4
169.2
149.4
613. 2
218. 8
171. 6
148.6
618.3
221.0
173.4
150.1
621.3
222.4
174.8
150.4
Service industries
Government .
Other labor income
Proprietors' income:
Business and professional
Farm _
do
do
do
96.7
114.8
30.8
105.9
123.8
33.7
103.9
122.1
33.1
105.0
122.6
33.4
105.7
123.0
33.7
106.3
123.6
33.9
107.4
126.6
34.1
107.7
124.7
34.3
108.1
124.9
34.4
108.7
126.4
34.6
109.9
128.8
34.8
111.4
132.0
35.0
112.3
132.5
35.2
113.5
132.3
35. 4
114.3
132.9
35.7
115.1
133.4
35.9
do
do
51.0
15.8
52.1
16.3
51.8
15.1
51.9
15.2
52.1
15.3
52.2
16.1
52.3
17.0
52.3
17.8
52.4
18.0
52.5
18.1
52.6
18.1
52.5
18.3
52.6
18.7
52. 7
19.0
52.8
'18.7
52.9
18.4
23.3
25.0
64.7
79.6
24.3
25.5
67.5
94.7
24.1
25.5
66.6
89.8
24.2
25.6
66.7
90.5
24.3
25.2
66.9
109.0
24.4
25.6
67.4
96.2
24.5
25.7
68.1
96.5
24.5
25.7
68.8
97.9
24.5
25.7
68.7
97.4
24.6
25.7
68.6
97.6
24.6
24.3
68.4
98.2
24.7
25.8
68.7
98.7
24.8
25.9
68.8
99.4
24.8
25.8
68.7
100.3
24.9
25.9
'69.3
100.0
25.0
26.1
69.9
101.0
34.4
bil. $
._
Rental income of persons
do
Dividends
_
do
Personal interest income
do
Transfer payments—
do
Less personal contributions for social insurance
bil.$__
915.9
28.0
31.2
30.9
31.0
31.1
31.1
31.4
31.4
31.4
31.6
32.0
33.9
34.2
34.5
34.6
781. 4
834.0
821.1
826.5
846.5
834.8
842.4
845.3
846.4
850.1
859.2
867.9
876.4
879.8 ' 885. 4
890.5
52, 948
54, 833
3,435
3,402
3,672
6,146
4,662
4,850
6,177
6,017
5,406
4,733
3,907
3,821
3,587
49, 231
19, 636
29, 595
6,523
18,497
4,303
51, 633
21, 875
29, 758
6,785
18, 753
3,969
3,360
918
2,442
581
1,527
308
3,387
912
2,475
618
1,521
309
3,653
1,175
2,478
583
1,548
327
3,986
1,598
2,388
567
1,454
348
4,306
1,702
2,604
554
1,672
361
4,794
2, 127
2,667
544
1,751
356
6,105
3,426
2,679
557
1, 752
354
5,978
3,475
2,503
535
1,614
339
5,075
2,586
2,489
573
1,541
352
4,682
2,105
2,577
580
1,668
304
3,890
1,171
2,719
534
1,864
296
3,808
1,042
2,766
617
1,803
325
3,466
930
2,536
614
1,602
293
3,823
929
2,894
639
1,912
317
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities.. _.
1967=100
Crops
do
Livestock and products
do
115
106
122
121
119
123
94
60
121
95
59
122
103
76
123
112
104
118
121
111
129
135
138
132
172
223
133
168
226
124
143
168
123
132
137
127
109
76
135
107
68
137
97
61
125
107
60
143
Indexes of volume of farm marketings, unadjusted:
All commodities . _
1967-100
Crops
___
_
do
Livestock and products
do
104
103
104
108
112
106
80
45
106
80
44
106
90
66
108
103
102
103
110
110
110
121
131
112
155
210
113
156
224
105
131
166
104
116
136
101
88
70
101
85
59
106
78
47
100
82
43
111
..1967=100.. 9 106. 7 '106.4
106.5
107.3
109. 7
102.1
105.5
109. 8 '
109.8
107.2
103.9
106.2 ' 109. 6 ' 110. 5
111.7
112.0
109.3
122.9
135.8
115.7
90.3
105.6
117.3
123.7
108.9
89.2
100.7
109.9
102.4
100.7
87.8
103.9 ' 106. 7
115.4 ' 118. 4
120.6
126.4
108.0 ' 113. 6
87.6 '90.3
' 108. 0
' 119. 7
' 134. 1
'114.2
91.7
107.8
119.2
131.0
113.9
91.8
Total nonagricultural income
do
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments, total
mil $
Farm marketings and CCC loans, total
Crops.
Livestock and products, total 9
Dairy products
_
Meat animals
Poultry and eggs. -_
do
do
do
do
do
do
INDUSTRIAL PRODUCTION
Federal Reserve Board Index of Quantity Output
Unadjusted, total index
_
By market groupings:
Final products
Consumer goods
Automotive products
Home goods and clothing
Equipment
_.
Materials. ..
By industry groupings:
Manufacturing
Durable manufactures
Nondurable manufactures
r
Mining and utilities
Revised.
*> Preliminary.
'104.4
' 115. 5
'119.4
' 106. 8
'88.9
102.9
113.6
121.9
106.9
88.0
102.7
113.5
127.2
106.9
87.6
107.2
119.3
130.5
110. 6
90.4
101.6
111.9
94.9
100.2
87.1
105.6
118.4
102. 0
109. 3
87.6
110.0
123.1
128.6
112.6
91.8
do
v 107. 8 ' 106. 8
109.0
110.8
110.9
99.2
102.3
106.8
107.6
107. 0
106.0
108.1 ' 112. 0 ' 112. 9 ' 114. 8
115.4
do
do
_do
v 105. 2 ' 104. 8
" 101. 5 '98.8
* 110. 6 ' 113. 3
105.0
100. 4
111.7
106 0
101.7
112.1
108.3
102.7
116.3
99.7
93.2
109.2
103.1
93.6
116.8
108.1
100.6
119. 0
109.2
101.6
120.1
106.2
98.9
116.8
101.9
95.8
110.6
104.2 ' 108. 5 ' 109. 6 ' 111. 0
98.4 ' 103. 1 ' 104. 3 ' 105. 8
112.6 ' 116. 4 ' 117. 2 ' 118. 3
111.2
106.2
118.5
117.0
117.9
" 118. 0 ' 119. 6
..do
9 Includes data for items not shown separately.
120.7
121.9
124.2
123.8
114.9
115.3
119.2
121.0
' 121,1 ' 120. 7 ' 120. 1
119.3
"104.4
do
"110.3
do
do . - . . " 99. 9
do. . . .v 104. 7
"96.2
do
'
'
'
'
107. 0
118. 4
126. 1
112. 7
'91.0
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1970 P
1971
1971*
Annual
June 1972
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
Mayp
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Quantity Output—Con.
1967=100.
106.7
106.4
106.2
107.0
107.2
106.1
105.3
106.2
106.4
107.0
107.6
do
. do
do.
106.0
104.4
110.3
106.2
104.4
115.5
105.5
103.6
114.6
105.9
103.9
115.7
106.1
104.5
116.1
106.8
104.9
116.0
106.2
105.0
116.0
106.2
104.6
115.0
106.9
105.3
116.9
107.6
105.9
118.2
107.5
105.6
117.9
108.4 ' 109. 4
108.1 ' 108. 8
105.9 r 106. 7
118.3 ' 118. 6
Durable consumer goods
Automotive products
Autos
..
Auto parts and allied goods
.do
do
do
do
104.8
99.9
86.6
125.6
114.3
119.4
108. 3
140.8
112.2
113.7
103. 2
133.9
117.2
123.1
108.3
151.4
116.1
121.2
107.9
146.8
115.8
120.1
107.9
143.6
115.8
121.1
108.5
145.2
113.6
118.0
108.0
153.4
115.3
119.6
107.8
142.2
115.5
119.6
109.2
139.7
116.4
119.8
109.4
139.6
117.1 '119.5 ' 117. 9 ' 122. 2
116.5 119.2 ' 119. 1 '124.9
102.8 106.4 104.6 114.3
143.0 144.1 ' 146. 9 ' 145. 1
123.4
125.7
111. 3
153.4
Home goods 9
Appliances, TV, and radios
Carpeting and furniture
do
do
do
107.6
103.4
108.4
111.5
111.2
112.9
111.4
116.4
110.7
113.9
120.7
111.7
113.3
116.9
113.6
113.5
115.0
114.8
112.9
112.1
114.7
111.1
105.7
116.1
112.9
110.7
115.3
113.4
113.4
117.3
114.7
116.0
116.0
117.4
123.3
118.0
119.7 ' 117. 2 ' 121. 0
122.6 ' 113. 2 127.0
122.7 ' 124. 2 125.9
122.2
Nondurable consumer goods
do
Clothing
- - -do
Consumer staples
do
Consumer foods and tobacco. _. do
Nonfood staples
do
112.5
101. 2
115.4
110.6
120.4
116.0
101.4
119.8
113.2
126.8
115.5
101.0
119.4
112.7
126.4
115.1
102.6
118.5
113.2
124.2
116.1
101.9
119.9
113. 5
126. 5
116.1
102.4
119.8
112.0
128.0
116.1
100.3
120.2
112.6
128.4
115.6
102.5
119.1
110.4
128.2
117.5
103.5
121.2
113.9
128.9
119.3
103.6
123.5
117.2
130.1
118.5
104.9
122.1
114.6
130.0
118.2
102.6
122.4
115.5
129.7
Equipment
do
Business equipment
do
Industrial equipment 9
..do _
Building and mining equipment-do
Manufacturing equipment
do
96.2
101.1
98.8
95.9
91.9
88.9
96.0
92.3
92.9
81.4
88.1
95.1
92.4
91.2
82.1
87.8
94.4
90.9
91.5
79.5
88.2
95.0
90.9
88.8
80.1
89.3
96.3
91.8
88.9
81.1
89.6
96.8
92.0
96.4
79.9
90.2
97.8
92.4
96.6
80.5
89.0
97.4
92.6
95.5
81.1
88.8
97.0
93.2
95.2
81.3
88.5
96.6
92.8
94.0
81.0
118.8
105.6
122.3
115.3
129.7
88.5
97.2
92.3
98.0
80.0
Commercial, transit, farm eq 9 do__
Commercial equipment _
-do
Transit equipment
..do
103.7
110.6
94.4
100.1
108.4
89.0
98.2
107.1
87.3
98.4
107.6
87.3
99.6
107.6
90.5
101.5
109.9
88.4
102.2
109.9
90.2
103.8
112.0
90.2
102.8
111.0
90.4
101.3
109.1
88.6
100.8
106.9
92.1
74.9
Seasonally adjusted, total index.
By market groupings:
Products total
Final products
Consumer goods
120.2
124.4
116.5
133.1
'89. 9 '90.3 '91.6
'98.7 '99.4 ' 100. 8
'93.4 '93.9 '94.4
'99.6 ' 100. 5 '97.1
'80.7 '80.7 '82.7
92.0
101.5
95.5
98.2
83. 0
102.9 ' 104. 7 ' 105. 6 ' 108. 2 108.6
109.0 ' 111. 8 ' 112. 9 ' 113. 0 113.8
93.8
94.3 ' 100. 9 100.6
94.1
77.1
76.5
76.9
77.1
77.7
77.9
77.7
75.1
75.3
do
do
do
111. 9
110.6
113.0
112.4
113.4
111.6
113.5
115.5
111.9
112.4
113.5
111.6
113.8
115.3
112.7
110.7
109.4
111.7
112.5
111.3
113.4
113.0
112.7
113.4
114.0
112.9
114.9
114.7
115.1
114.4
Materials
.
_
do
Durable goods materials 9
-do
Consumer durable parts
do
Equipment parts
..do
Nondurable goods materials 9
do
Textile, paper, and chem. materials.. do
Fuel and power, industrial
...do
107.8
103.4
96.5
95.1
112.5
113.0
117.0
106.8
100.8
101.4
'86.6
113.8
116.1
' 116. 2
107.5
102.2
102.8
86.0
112.7
113.2
121.0
108.9
104.8
105.1
88.9
112.8
113.7
119.7
109.0
103.0
104.8
87.1
115.5
117.5
121.1
105.3
98.7
98.8
87.0
112.3
113.4
119.7
104.0
94.9
100.4
82.1
114.8
117.8
117.2
106.2
98.7
100.7
86.0
114.7
118.8
119.3
105.6
100.4
101.8
86.9
114.6
118.8
99.4
106.0
99.5
99.4
86.0
116.0
121.7
105.0
107.6
100.1
99.2
87.6
116.6
122.9
117.6
115.9 ' 117. 0
115.7 ' 115. 8
116.0 r 118. 0
109.0 r 110. 5
103.1 r 105. 0
104.0 r 105. 9
88.5 '90.3
116.0 ' 117. 0
120.9 ' 121. 6
117.4 ' 117. 7
105.2
104.8
98.9
101.5
108.1 '103.9
100.9
106. 9
96.5
105.3
' 109. 7 ' 108. 5
109.4
107.3
104.4
99.1
108.6
108.7
109.1
108.2
108.5
105.7
100.5
111.5
114.3
112.9
115.8
108.5
105. 6
100.1
108. 3
108. 1
105.3
111.3
108.5
104.9
99.4
104.2
98.2
99.0
96.0
110.8
103.6
96.6
93.8
81.0
66.2
106.8
108.0
104.9
98.5
99.5
93.9
85.9
109.0
105.7
105.4
99.1
100.9
95.7
88.7
108.3
106.9
105.3
98.0
98.7
91.4
81.9
109.9
106.9
105.4
98.2
100.0
93.6
85.5
111.1
107.1
106.6
99.7
103.9
102.4
95.2
116.0
105.7
By industry groupings:
Manufacturing total
do
Durable manufactures
do
Primary and fabricated metals
do
Primary metals
. -do
Iron and steel
.
do._
Nonferrous metals
do
Fabricated metal products
do
' 119. 3
103.8
'123.3
' 115. 9
' 131. 1
' 123. 3
' 115. 7
' 131. 8
112.8
113.0
112.5
Intermediate products _.
Construction products
Misc. intermediate products
111.6
' 109. 2 ' 110. 0 110.9
' 107. 0 ' 108. 2 109.0
' 118. 9 ' 120. 2 121.2
' 119. 4
87.9
Defense and space equipment _ __do
' 110. 0 ' 111. 1
74.1
75.3
'76.3
76.2
' 117. 1 '116.6
' 116. 0 '116.4
' 118. 2 116.9
117.3
117.0
' 113. 4
' 108. 0
' 112. 0
'91.7
' 119. 8
' 124. 2
' 120. 8
113.1
108.6
111.4
92.7
119.7
124.5
119.1
75.3
111.6
'106.3
' 108. 7
'90.3
' 117. 8
' 122. 0
' 118. 9
' 108. 1 ' 108. 6 ' 110. 1
' 101. 4 ' 102. 1 ' 104. 1
' 106. 9
'102.6 ' 104. 6
'95.9 '98.3
' 114. 4 ' 115. 9
' 108. 3 ' 109. 4
'105.3
110.7
104.6
' 109. 2 110.7
' 108. 3 110.7
' 103. 5 105.5
118.3
' 110. 2 111.0
97.6
100.5
99.6
101.4
94.2
95.5
'92.9
'98.4
92.7
94.2
91.4
97.4
93.8
95.3
90.9
100.2
94.4
95.2
91.6
99.2
94.7
97.4
94.9
100.2
94.5
95.6
94.1
97.3
95.2
96.3
95.0
97.8
95.3
97.0
95.3
98.9
94,6
96.3
93.3
99.6
94.1
96.6
92.5
101.2
94.7 '96.4 '96.8 '99.2 100.3
97.4 '98.4 '98.7 ' 100. 9 102.6
98.2
93.8 '94.8 '95.0 '96.8
101.5 ' 102. 4 ' 102. 8 ' 105. 4 107.6
do
do
do
do .
90.3
96.9
83.9
110. 8
91.3
111.6
71.8
108.5
89.5
108.4
71.4
106.7
90.9
110.2
72.3
108.0
91.7
111.7
72.4
108.5
88.5
106.7
71.0
110.9
91.1
111.6
71.5
109.1
91.7
111.8
72.4
110.5
92.4
112.9
72.6
111.2
91.6
113.4
70.7
110.4
89.8
111.7
68.7
109.3
Lumber, clay, and glass .
Lumber and products
Clay glass and stone products
do
do
do
106.3
106.3
106.3
111.3
113.4
110.1
113.0
112.5
113.3
112.3
110.0
113.7
111.0
111.0
111.1
111.2
115.4
108.7
110.4
113.1
108.8
111.1
113.9
109.4
112.7
117.3
109.9
113.0
117.9
110.1
114.3
120.7
110.5
93.4
90.7
113.0 116.5
69.3 '71.1
111.1 ' 114. 5
115.0 ' 117. 6
121.1 ' 118. 9
111.5 ' 116. 9
Furniture and miscellaneous
Furniture and
fixtures
Miscellaneous manufactures
do
do
do
108.8
99.4
117.3
110.1
98.7
120.5
109.5
98.7
119.3
109.9
97.6
121.2
lit 3
100.9
120.7
113.5
99.9
126.1
111.3
99.6
122.0
112.0
100.8
122.2
112.1
100.3
122.6
111.5
101.6
120.5
112.7
100.4
123.9
Nondurable manufactures
Textiles, apparel, and leather
Textile mill products
Apparel products
.
Leather products
do _
do
-do
.do
do
110.6
100.2
106.3
97.8
90.8
113.3 112.1
100.7
99.8
' 108. 5 106.3
'97.9
97.3
87.3
89.9
113.3
101.5
107.5
99.7
89.8
113.7
102.4
113.2
97.1
89.3
113.0
100. 2
108.5
97.0
86.7
113.8
100.1
110.5
96.0
84.1
114.2
102.5
111.0
99.5
87.6
114.6
102.2
110.1
100.0
87.2
115.9
101.6
110.2
99.5
82.9
115.9
102.8
112.0
99.7
86.8
113.8
101.2
125.1
116.7
102.0
108.9
99.8
89.3
Paper and printing
Paper and products . .
P rinting and publishing
do
do
do
107.8
113.3
104.1
107.8
116.0
102.2
106.9
114.4
101.8
106.9
115.1
101.4
106.0
113.4
101.0
106.8
115.5
101.0
108.2
117.8
101.7
108.3
116.4
102.9
109.0
116.1
104.3
110.6
119.5
104.5
110.8
120.0
104.7
111.3 ' 112. 7 O12.3 ' 111. 9
112.4 123.0 '122.8 124.1
103.9 ' 105. 8 ' 105. 4 ' 103. 7
113.3
Chemicals, petroleum, and rubber. . .do
Chemicals and products
. do.
Petroleum products
do
Rubber and plastics products
do
118.2
120.2
112.6
115.7
124.3
125.8
115.7
125.9
122.4
123.4
115.8
124.5
124.2
123.7
112.7
135.4
125.3
126.8
115. 0
129.1
124.0
125.0
114.8
128.0
126.2
127.6
115.8
129.9
127.3
129.7
113.7
129.6
126.5
128.2
115.7
129.0
127.8
130.7
116.0
127. 6
127.8
130.3
118.3
126.6
129.7 ' 132. 5
131.1 ' 135. 0
119.3 r 118.7
133.2 134. 9
' 132. 5 ' 133. 7
' 134. 4 ' 135. 8
' 117. 9 118.1
' 137. 6 139.0
135.5
136.8
Foods and tobacco .
Foods
Tobacco products
110.8
111.7
100.0
' 113. 3
' 114. 5
97.7
112.9
114.1
96.9
113.6
114.6
100.3
113.7
115.4
92.1
113.8
115.2
96.6
112.8
114.0
98.2
111.1
111.9
100.3
113.2
114.3
98.5
115.6
117,0
98.2
114.3
115.8
93.8
118.0
109.7
131.3
98.8
109.2
' 105. 7
109.7
109. 4
119.6
107.0
121.4
93.2
107.5
99.0
108.9
108.3
120.6
110.4
124.7
94.2
111.4
115.5
110.8
111.9
119.0
108.6
122.6
92.4
109.6
110.2
109.6
109.5
120.7
108.9
117.3
96.4
109.9
109.4
110.0
109.8
120.3
105.7
93.5
90.2
109.2
109.4
109.2
107.8
120.0
106.5
104.8
91.4
108.9
109.4
108.8
107.0
120.3
106.0
109.7
90.1
108.0
109.7
107.7
104.7
116.1
97.7
117.1
91.7
96.7
29.1
107.3
105.4
118.7
102.3
136.7
93.4
100.2
55.7
107.2
105.0
121.4
107.8
137.7
92.7
107.0
112.4
106.1
104.2
Utilities
do
128.5 ' 135. 3 133.2 132.1 135. 6
Electric ...
do
138.0 135.5 133.8 138.3
180.8
Gas
_
do
121.0 ' 126. 5
' Revised.
*> Preliminary.
9 Includes data for items not shown separately.
fRevised data (unadj. and seas, adj.)
for 1968-70 for mfg. and trade sales and invent., total; retail inventories; retail sales, totals and
138.7
142.0
137.0
139.7
138.4
141.5
139.3
142.3
139.6
142.3
138.3
141.9
115.6
116.4
103.8
120.6
107.3
128.9
93.8
107.1
106.3
107.2
104.0
137.4
141.2
Machinery and allied goods 9
Machinery
.
Nonelectrical machinery
Electrical machinery.
do
. ..do
do
do
Transportation equipment
..
Motor vehicles and parts
Aerospace and misc. trans, eq
Instruments
...
Mining and utilities .
Mining
„ _ _ _.
Metal mining
Stone and earth minerals
Coal, oil and gas
Coal
Oil and gas extraction
Crude oil
do
do.
do
.
.
do
do
do
do
do
do
do
do
'94.6
' 117. 8
'72.3
' 114. 1
98.5
'98.4
' 124. 8 123.2
'72.9
74.7
'115.8 115.8
' 117. 2 '116.3
' 118. 6 118. 1
' 116. 4 115.2
115.3
' 116. 2 ' 117. 1 ' 118. 1
' 105. 8 '106.6 108.0
' 125. 4 ' 126. 8 127.3
119.2
' 117. 8
' 101. 1
' 107. 0
' 100. 1
86.8
' 118. 1 ' 118. 8 119.5
' 102. 8 ' 105. 1 106.8
' 110. 3 112.0
101.4
'85.3
93.7
105. 1
' 115. 9 ' 116. 1 ' 115. 8 115.9
117.2
r 116. 9 ' 117. 3 ' 117. 0
102.5 101.4
122.2
r 121. 6 '122.3 ' 122. 4
' 107. 2 '108.5 ' 108. 9 108.4
'133.7 '130.8 118.0
92.8
'93.5 '93.3
'106.5 '108.6 ' 110. 4 109.6
99.6 104.1 ' 105. 6 105. 6
' 107. 6 '109.3 ' 111. 1 110.2
104.2 '106.9 110.5
' 139. 7 ' 139. 7 ' 139. 6
' 144. 4 ' 144. 8 ' 144. 8
139.5
144.5
major groups; and invent.-sales ratios for mfg. and trade, total and retail trade, total, durable
and nondurable appear on p. 55 ff. of the Dec. 1971 SURVEY. See also note marked "J" on
p. S-ll.
SUKVEY OF CUKKENT BUSINESS
June 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
Annual
S-5
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES §
Mfg. and trade sales (unadj.), total f _ _
mil. $__ 1,275,315 1,371,134 114,346 114,961 120,859 110,405 113,309 117, 802 118,592 118,740 123,590 109,489 115,173 ••125,767 122, 504
Mfg. and trade sales (seas, adj.), total t
-do
Manufacturing , total
Durable goods industries
Nondurable goods industries
_
Retail trade, total t
Durable goods stores
Nondurable goods stores
-
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
11,275,315 11,371,134 113,155 114,303 115,531 114,727 115,064 115, 660 114,687 117,374 116,964 120,587 120,743 ••123,235 123,652
do
do
do
1653,145 i 694,927
352, 189 378, 596
300, 956 316, 331
57, 680
31, 308
26, 372
58, 352
31, 850
26, 502
58, 988
32, 650
26, 338
58,418
32,123
26, 295
57,804
31,464
26,340
57, 892
31, 543
26, 349
57, 439
31, 166
26, 273
59, 061
32, 106
26, 955
59, 074
31, 858
27, 216
61, 350
33, 573
27, 777
61,865 ••62,901
34,013 ••34,594
27,852 ••28,307
63,627
35,241
28,386
do
do
do
1375,527 i 408,850
114, 288 131, 814
261, 239 277, 036
33,578
10, 747
22, 831
33,502
10, 576
22,926
33,827
10, 782
23, 045
33,688
10, 747
22, 941
34,655
11,298
23,357
35, 219
11, 833
23,386
34, 964
11, 695
23, 269
35, 574
11, 885
23, 689
34, 896
11, 334
23,562
34, 886
11, 475
23, 411
35,345 ••36,450
11,457 ••12,087
23,888 ••24,363
35, 975
11, 829
24, 146
do
do
do
1246,643 1267,357
111, 778 122,420
134, 865 144, 937
21, 897
9,887
12, 010
22,449
10, 350
12, 099
22, 716
10, 510
12, 206
22,621
10,365
12, 256
22,605
10,471
12,134
22,549
10, 425
12, 124
22, 284
10, 398
11, 886
22, 739
10, 583
12, 156
22, 994
10, 629
12, 365
24, 351
11, 225
13, 126
23,533 ••23,884
10,696 ••11,157
12,837 '12, 727
24,050
11, 160
12,890
BUSINESS INVENTORIES §
Mfg. and trade inventories, book value, end of year
or month (unadj.), total f
——
mil. $_. 172,222
178, 176 178,262 178, 696 177, 715 176, 784 175, 995 177, 257 179,513 180,649 178,176 179,006 180,538 '182,452 183,665
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), total t -- mil. $
173, 635
179, 939 176, 275 177,046 177,403 177, 652 178, 157 178,924
100, 476
65, 152
35, 324
46, 555
20,490
26, 065
26, 604
15, 565
11, 039
100, 549 100, 420 100, 647 100, 536 100, 194 100,063 100, 266 100, 740
64, 242 65, 033 65, 079 64, 825 64,692 64,523 64, 563 64, 494
36, 307 35, 387 35, 568 35, 711 35, 502 35,540 35,703 36, 246
50, 474 48, 809 49, 259 49, 534 49, 592 50, 299 50, 844 50, 800
23, 124 22,056 22, 509 22, 679 22, 707 23, 313 23, 769 23, 652
27, 350 26, 753 26, 750 26, 855 26, 885 26, 986 27, 075 27, 148
28, 916 27, 046 27, 140 27, 333 27, 866 27,795 27,814 27, 928
17, 254 16, 025 16, 128 16, 197 16, 581 16,526 16, 666 16, 786
11, 662 11, 021 11,012 11, 136 11, 285 11,269 11, 148 11, 142
Manufacturing, total
Durable goods industries
Nondurable goods industries
Retail trade, total ft
Durable goods stores.
Nondurable goods stores
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
do
do
do
do
do
do
do
do
do
179,468 179,407 179,939 180,467 180,860 '181,308 181, 858
100,793
64, 399
36, 394
50, 377
23, 306
27, 071
28, 237
16, 899
11, 338
100,549 10.0,876 101,033 '101,244 101, 082
64, 242 64, 722 64,769 '64, 950 64, 872
36,307 36, 154 36,264 '36,294 36, 210
50, 474 50, 542 50,646 50,890 51, 213
23, 124 22, 930 22.958 23, 025 23, 195
27, 350 27, 612 27, 688 27,865 28, 018
28, 916 29, 049 29,181 '29,174 29, 563
17, 254 17, 287 17,354 '17,357 17, 517
11, 662 11, 762 11,827 '11,816 12, 046
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, total f
_
Manufacturing, total-- ,
Durable goods industries
Materials and supplies
Work in process
Finished goods
,
Nondurable goods industries
Mate-rials and supplies.
Work in process
Finished goods,
Retail trade, total tt
Durable goods stores
Nondurable goods stores
.__
_
ratio
1.60
1.55
1.56
1.55
1.54
1.55
1.55
1.55
1.56
1.53
1.54
1.50
1.50
'1.47
1.47
do
do
do
do
do
1.82
2.20
.64
1.00
.55
1.74
2.05
.61
.91
.53
1.74
2.08
.62
.91
.55
1.72
2.04
.61
.90
.53
1.70
1.99
.60
.87
.51
1.72
2.01
.62
.88
.52
1.73
2.05
.63
.90
.53
1.73
2.05
.61
.90
.53
1.75
2.07
.61
.92
.54
1.71
2.01
.59
.89
.52
1.70
2.02
.60
.89
.52
1.64
1.93
.57
.86
.50
1.63
1.90
.56
.85
.50
'1.61
1.88
.55
.84
.49
1.59
1.84
.54
.82
.48
do
do
do
do
1.37
.50
.20
.66
1.35
.50
.19
.66
1.34
.49
.19
.66
1.34
.49
.19
.66
1.36
.50
.20
.66
1.35
.49
.20
.66
1.35
.49
.19
.66
1.36
.50
.20
.66
1.38
.51
.20
.68
1.35
.50
.19
.66
1.33
.49
.19
.65
1.30
.48
.19
.63
1.30
.49
.19
.63
' 1. 28
'.47
.19
.62
1.28
.47
.19
.62
do
do
do
1.47
2.17
1.16
1.44
2.04
1.16
1.45
2.05
1.17
1.47
2.13
1.17
1.46
2.10
1.17
1.47
2.11
1.17
1.45
2.06
1.16
1.44
2.01
1.16
1.45
2.02
1.17
1.42
1.96
1.14
1.45
2.04
1.16
1.45
2.00
1.18
1.43
2.00
1.16
1.40
' 1. 90
1.14
1.42
1.96
1.16
1.23
1.61
.92
1.23
1.60
.92
1.24
1.62
.92
1.21
1.56
.91
1.20
1.54
.91
1.23
1.60
.92
1.23
1.58
.93
1.23
1.60
.92
1.25
1.61
.94
1.24
1.60
.93
1.26
1.62
.94
1.19
1.54
.90
1.24
1.62
.92
'1.22
'1..56
'.93
1.23
1.57
.93
20,122
21, 583
1,708
1,681
1,803
1,741
1,752
1,706
1,521
1,707
1,714
1,893
1,951
1,979
1,793
1,785
1,853
1,819
2,083
1,887
1,788
1,900
1,967
2,029
2, 303
2, 158
1,955
1,918
Merchant wholesalers, total- . . .
do
Durable goods establishments. . .
do
Nondurable goods establishments . . _
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries:
Unadjusted, total—
mil $
Seasonally adj., total.
do
Shipments (not seas, adj.), total...
Durable goods industries, total 9
Stone, clay, and glass products. _
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products ._
Nondurable goods industries, total 9
Food and kindred products. .
Tobacco products
Textile mill products
Paper and allied products..
Chemicals and allied products..
Petroleum and coal products
Rubber and plastics products..
Shipments (seas, adj.), total
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products.
Primary metals
Blast furnaces, steel mills
_
__do
653, 145
694, 927
58, 379
58, 709
62, 142
53, 478
56, 321 60,282
60, 146
59,366
57, 364
57, 129
62,174 '64,609
64,496
do
do
do
do
352, 189
17, 746
55, 740
25, 733
378, 596
20, 987
58, 546
27, 563
32, 003
1,754
5,694
2,880
32, 536
1,772
5,814
2,860
34, 949
1,905
5,810
3,000
28, 485
1,765
4,923
2,775
29, 709
1,944
3,843
1,410
32, 627
1,925
4,237
1,629
32,617
1,942
4,430
1,796
32, 288
1,853
4,618
2,026
31, 223
1,674
4,478
2,026
31,079
1,732
4,837
2,231
34,374 35, 992
1,890 ' 2, 047
5,223
5, 577
2,403 ' 2, 618
36, 102
2,070
5,819
2,725
do
do
do
do
do
do
41, 920
56, 135
50, 819
81, 173
45, 113
12, 153
42, 676
59, 484
53, 876
90, 471
58, 063
11, 823
3,548
4,956
4,218
7,554
4,895
960
3,623
4,923
4,304
7,803
4,979
976
3,800
5,383
4,759
8,657
5,298
1,034
3,223
4,486
4,045
5,852
3,520
926
3,688
4,680
4,400
6,443
3,923
984
3,802
5,334
4,845
7,626
5, 188
1,088
3,686
5,114
4,761
7,901
5, 385
1,050
3,604
4,862
4,728
8,047
5,354
1,015
3,429
5,172
4,917
7,173
4,406
1,004
3,269
5,001
4,615
7,379
5,086
910
do
do
do
do
300, 956
99, 767
5,464
22, 297
316, 331
105, 336
5,865
26, 376
8,570
463
26, 173
8,606
484
27, 193
8,961
533
24, 993
8,470
506
26, 612
8,720
513
27, 655 27, 529
9,251 9,169
520.
501
27,078
9,239
506
26, 141
9,206
487
26, 050
8,767
494
do
do
do
do
25, 192
48, 763
26, 604
17, 502
26, 220
51,662
27, 968
18, 907
2,148
4,537
2,323
1,618
2,153
4, 454
2,282
1,647
2, 300
4,549
2,382
1,690
2,045
4,058
2,327
1,501
2,289
4,329
2,320
1,624
2,267
4,368
2, 381
1,679
2,215
4, 270
2, 341
1,563
2,145
3,978
2,328
1,534
2,287
4,330
2,367
1,571
2,299
4,673
2,347
1,649
3,606
5,529
4,990
8,434
5,756
955
' 3, 736
' 5, 870
' 5, 175
8, 540
' 5, 809
' 1, 010
3,903
5,844
4,967
8,475
5,851
1,033
27,800 '28,617
9,231 '9,436
500
'511
28, 394
9,222
509
2,426
4,580
2,445
1,687
'2,468
4,756
'2,452
' 1, 791
2,425
4,939
2,530
1,871
do
57, 680
58,352
58, 988
58, 418
57,804 57, 892
57, 439
59,061
59, 074
61,350
61,865 '62,901
63,627
do
do
do
do
31, 308
1,728
5,385
2,667
31, 850
1,713
5,501
2,641
32,650
1,762
5,404
2,750
32, 123
1,793
5,312
2,940
31, 464
1,831
3,991
1,457
31,543
1,758
4,270
1,706
31, 166
1,772
4,421
1,901
32, 106
1,892
4,825
2,212
31, 858
1,849
4,804
2,205
33, 573
2,040
5,003
2,233
34,013 '34,594
2,048 ' 2, 101
5,154 ' 5, 294
2,344 '2,440
35,241
2,038
5,438
2,523
Fabricated metal products.
do
3,550
3,591
3, 459
Machinery, except electrical
do
4,794
4,855
5,015
Electrical machinery
do
4,501
4,476
4,348
Transportation equipment
do
8,011
7,340
7,388
Motor vehicles and parts...
do
4, 576
4,647
4,730
Instruments and related products
do
982
1,007
1,007
r
Revised.
i Based on data not seasonally adjusted.
2 Advance <estimate total m frs.
shipments for May 1972 do not reflect revisions for selected components,
§The term "bijsiness" here includes only manufacturing and trade; business inventories as sho\vrn on p. 8-1
cover data for all types of producers, both farm and nonfarm. Unadjusted data forinanufact ur-
3,437
4,937
4,434
7,749
5,195
1,022
3,679
4,983
4,513
7,915
5,303
969
3,680
5,186
4,523
7,620
5,153
989
3,547
5,064
4,568
7, 262
4,732
992
3,683
4,981
4, 607
7,467
4,853
962
3,589
5,137
4,912
6,872
4, 397
945
3,587
5,573
5,044
7,595
5,052
1,032
3,566 '3,671
3,804
5, 314 ' 5, 531
5,639
5,108
4,937 '5,005
8,227
8,218 ' 8, 084
5,655
5,559 ' 5, 466
1,083
'1,021
1,009
ing are shown b Blow anc on p. S- 6; those for whole.sale and retail tr ade on pp. S-lla tid S-12.
tSee correspor iding no te on p. i3-4 and note mar ked "J" on p. S- 11.
JSee corres ponding
note on p. S-12.
9IncJudes da ta for items not silown sep arately.
SUEVEY OF CUEEENT BUSINESS
S-6
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
Apr.
Annual
June 1972
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Shipments (seas, adj.)— Continued
B y industry group :
Nondurable goods industries, total 9 mil. $
Food and kindred products.
do
Tobacco products
.
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products .
do
By market category:
Home goods and apparelConsumer staples .
Equipment and defense prod, excl auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
Defense products (old series)
Defense products (new series)
Producers' capital goods industries
Inventories, end of year or month:
Book value (unadjusted), total
Durable goods industries total
Nondurable goods industries total
Book value (seasonally adjusted) total
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals _
Blast furnaces, steel mills
161, 247 1 65, 233
do
do -_ 1128,970 1 136, 080
do
199,238 11101, 740
64, 963
do
!53,590
153,344 i 61, 325
do
do _ 1256,756 1 265, 586
28, 755
44, 205
23 266
76 089
26,372
8,882
471
26,502
8,795
471
26,338
8,699
495
26, 295
8,739
491
26,340
8,683
488
26,349
8,667
503
26, 273
8,690
26,955
9,122
502
27, 216
9,227
27, 777
9,339
511
486
553
27,852 28,307
9,421 ' 9, 519
532
526
28, 386
9,570
517
2,137
4,290
2,368
1,538
2,171
4,315
2,295
1,604
2,219
4,363
2,287
1,582
2,187
4,330
2,344
1,637
2,270
4,305
2,293
1,682
2,211
4,459
2,308
1,637
2,166
4,266
2,373
1,592
2,194
4.360
2,328
1,583
2,202
4,406
2,327
1,637
2,451
4,572
2,405
1,700
2,431 f 2, 426
4,582 ' 4, 637
2,470 ' 2, 528
1,666 ' 1, 718
2,416
4,647
2,578
1,779
5,516
11,431
8 217
5,283
5,019
22,214
5,583
11,274
8 555
5,136
5,116
22,688
5,437
11,286
9,134
5,226
5,171
22,734
5,295
11, 218
8,336
5,749
5,154
22, 666
5,322
11,279
8,484
5,889
5,334
21,496
5,299
11,332
8,509
5,733
5,188
21,831
5,326
11,302
8,531
5,279
5,146
21, 855
5,692
11,787
8 422
5,438
5,355
22,367
5,779
11, 926
8,555
4,985
5,298
22, 531
5,540
11, 975
9,121
5,614
5,624
23, 476
2,435
3,594
1 825
5 973
2,396
3,820
2 006
6,203
2,407
4,338
2,589
6,396
2,328
3,548
2,010
6,304
2,419
3,584
2,077
6,435
2,397
3,431
1,765
6,652
2,367
3,511
1,768
6,592
2,562
3,587
1 839
6 477
2,689
3,585
1 712
6 741
2,581
3,567
1 785
7,189
100,734 99, 826
65, 046 64, 482
35, 688 35, 344
99,754
64,426
35,328
99,381
64,090
35,291
99, 957
63, 962
35, 995
100,104 100,214 100,980 101,530 '101,696 101, 918
63,894 63 878 64 537 65,024 r 65,281 65, 489
36,210 36 336 36, 443 36,506 T 36,415 36, 429
100,536 100, 194 100,063 100,266 100,740
100,793 100 549 100 876 101 033 r!01 244 101, 082
do
do
do
do
125 713
146, 603
*24 308
171 159
i
i
i
i
do
do
do
100,135
64 781
35 354
100, 214
63 878
36 336
101,257 101,626
65 649 65 790
35, 608 35, 836
do
100 476
100 549
100 420
100 647
5,500 »• 5, 713
5,847
12,148 rr 12,256 12, 254
8,804 T 9, 103
9,214
6,186
6, 112
6,293
5,610 r ' 5, 746 5,718
23,617 23,971 24, 301
2,757
3,581
1,767
7,112
2 625
3,601
1 815
6 940
r
2,865
3,695
1,905
7,047
do
do
do
do
65 152
2 278
9,139
4 854
64 242
2,263
9,195
4 800
65, 033
2,265
9,333
5 040
65, 079
2,269
9,236
4 985
64, 825
2,280
9,170
4,815
64, 692
2,293
8,821
4,464
64,523
2,302
8,953
4,635
64,563
2,293
9,230
4,875
do
do
do
do
do
do
6
14
10
14
4
2
972
072
186
133
115
417
7 084
13 539
9 861
13 639
3 845
2 417
7 140
13, 879
10, 005
13 942
4 076
2 365
7 283
13, 837
9,930
14 035
4 193
2 379
7,410
13, 854
9,973
13 668
4,289
2 358
7,510
13, 831
9,920
13, 796
4,233
2,327
7,519
13,745
9,885
13,570
4,015
2,356
7,403
13,686
9,902
13,493
3,854
2,369
7,372
13, 690
9,851
13, 425
3,831
2,388
7,191
13,698
9,870
13,515
3,861
2,426
7
13
9
13
3
2
084
539
861
639
845
417
7 194
13 474
9 799
13 787
3 872
2 482
7,183 ' 7, 087
13,425 r 13,365
9,823 1f 9, 885
13850 f 13 984
3, 988
3,938
2 494 r 2 475
6,859
13, 355
9,899
14, 053
4,036
2 490
do
do
do
do
19, 056
3 309
6 326
3 251
19, 133
3,575
6,330
2,858
19,359
3,358
6 504
3 164
19,570
3,330
6 495
3 285
19,696
3,420
6 490
3,151
19, 932
3,403
6,570
3,166
19,709
3,436
6,496
3,012
19,306
3,519
6 376
2,814
19,106
3,471
6,284
2,862
19,070
3,453
6,344
2,864
19, 133
3,575
6,330
2,858
19, 149
3,660
6,388
2,651
19,037 ' 18,969
3,682 r 3, 686
6.357 r 6, 322
2,678 ' 2, 711
18, 989
3,659
6,397
2,702
Work in process 9
do
Primary metals .
do
Machinery (elec. and nonelec ) do
Transportation equipment
do
29 233
3,168
11 210
9 406
28, 484
2,986
10, 503
9,435
28,594
3,166
10 703
9,343
28,547
3,126
10 678
9 333
28,329
3,068
10 758
9,112
28, 177
2,960
10, 605
9,243
28,214
3, 024
10,555
9,158
28,532
3,112
10,602
9,290
28, 541
3,123
10, 619
9,187
28,628
3,084
10,631
9,260
28, 484
2,986
10, 503
9,435
28, 831
3,087
10, 322
9,776
28,878 r 28,969
3,092 ' 3, 149
10,335 rr10,368
9,810
9, 869
28, 896
3,191
10, 312
9,920
Finished goods 9
Primary metals _
Machinery (elec. and nonelec )
Transportation equipment
do
do
do
do
16 863
2 662
6 722
1 476
16, 625
2,634
6,567
1,346
17080
2,809
6 677
1,435
16 962
2,780
6 594
1 417
16,800
2,682
6 579
1,405
16, 583
2,458
6,576
1,387
16,600
2,493
6,579
1,400
16,725
2,599
6,610
1,389
16, 847
2,689
6,638
1,376
16,703
2,664
6,593
1,391
16, 625
2,634
6,567
1,346
16, 742
2,660
6,563
1,360
16,854 r 17,012
2,685 f 2, 729
6,556 Tr 6, 560
1,362
1, 404
16, 987
2,731
6,545
1,431
Nondurable goods industries, total 9 do
Food and kindred products
do
Tobacco products
do
Textile mill products
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 supplies
do
Work in process
do
Finished goods
do
35 324
8 765
2 191
3 398
2 769
6 758
2 418
2 165
36, 307
9,192
2 321
35 387
8 756
2 214
35 568
8 894
2 190
35 711
8,966
2 180
35, 502
8,791
2,142
35,540
8,818
2,129
35,703
8,909
2,185
36, 246
9,201
2,221
36,394
9,169
2,262
36,307
9,192
2,321
36, 154
9,124
2,334
36,264 f r36,294
9,227
9, 163
2 312 f 2 320
36, 210
9,136
2 339
731
808
402
131
2,744
6,786
2,397
2,153
2,711
6,729
2,471
2,095
2,740
6,691
2,459
2,064
2,772
6,730
2,474
2,124
2,817
6,897
2,484
2,129
2,780
6,758
2,433
2,170
2,752
6,690
2,406
2,186
2,739 r 2, 739
6684 r>"6 711
2378 T 2, 328
2 171
2 217
2,721
6 639
2,333
2 238
13 026
5 055
17 243
13 458
5,174
17 675
12927
5 090
17 370
12918
5 155
17 495
13 058
5 143
17 510
12, 989
5,144
17, 369
13,027
5,108
17,405
13,048
5,167
17,488
13, 271
5,188
17, 787
13,382
5,215
17,797
13, 458
5,174
17, 675
13, 470
5,266
17, 418
13532
5,262
17470
do
do
do
do
do
do .
10
13
26
5
7
37
492
450
056
288
817
373
10 892
14 094
25 434
5 059
8 013
37 057
10518
13 593
25881
5 214
7 933
37 281
10 561
13 723
25808
5 322
7 973
37 260
10628
13 774
25371
5 428
8 025
37 310
10, 660
13, 599
25, 479
5,396
8,085
36, 975
10,726
13,659
25,372
5 198
8,200
36,908
10,839
13,842
25,398
5,028
8,169
36,990
10, 911
13, 953
25, 296
5,022
8,201
37, 357
11,028
13,932
25,372
5,044
8,098
37,319
10, 892
14, 094
25, 434
5,059
8,013
37, 057
10, 870
14, 082
25, 525
5,089
8,069
37, 241
10939
14 158
25 576
5 147
8036
37 177
do
do
do
do
4
12
6
17
914
034
493
569
4
11
5
17
914
430
743
336
4 829
11 922
6*108
17438
4 850
11 805
6 067
17440
4 895
11 273
5 507
17 507
4,935
11, 308
5,488
17, 546
4,917
11,191
5,282
17,501
4,938
11,295
5,412
17,461
4,959
11, 277
5,514
17, 435
4,958
11,302
5,565
17,450
4,914
11, 430
5,743
17, 336
4,950
11, 555
5,816
17, 245
4 972
4 888 rf 4 931
11 473 11 572 11 511
5 896 r f 6 063
6,108
17 370 17 350 17, 349
692 686
376, 235
316, 451
57 433
31/032
26, 401
56 428
30, 280
26, 148
60001
32, 805
27, 196
53, 835
28, 834
25, 001
56,453
29,916
26,537
60,019
32,432
27,587
60, 177
32, 544
27, 633
59,470
32,327
27,143
57, 739
31, 586
26, 153
58, 681
32, 553
26, 128
63414 ' 65 202 64, 978
35, 398 *r 36,454 36, 512
28,016 28,748 28,466
1646 388 1692 686
56 597
57 028
57 009
58, 255
58085
57,322
57, 490
59,576
59 408
62, 996
62514
63 541
63, 927
34, 505 •• 35,095
5,248 f 5, 515
2,454 r 2, 523
35, 500
5,468
2,511
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
By stage of fabrication:
Materials and supplies 9 _.
Primary metals
Machinery (elec and nonelec )
Transportation equipment
By market category:
Home goods and apparel. ._ _
Consumer staples _
Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
. _
Defense products (old series) _
Defense products (new series) .
Producers' capital goods industries
New orders net (not seas adj ) total
Durable goods industries, total
Nondurable goods industries, total
By industry group:
Durable goods industries total 9
Primary metals
Blast furnaces, steel mills
do
do
do
646 388
345 '332
301 056
2
6
2
2
738
799
375
131
2
6
2
2
64,769
2,235
9,459
5 071
64,950
2,220
9, 564
5,153
64, 872
2,244
9,581
5,200
30, 228
4,882
2,290
30,601
4,800
2,079
30, 666
4,536
1,945
31, 955
4,434
2,030
31,758
4,184
1,701
31,026
4,517
2,020
31,126
4,488
1,953
32,564
4,809
2,246
32, 138
4,848
2,246
35,099
5,221
2,370
do
do
41 928
59, 687
54,043
89 318
22^ 596
3 419
4,599
4,310
7 032
1,853
3 532
4,809
4,409
6 958
1,623
3 462
5,122
4,333
7 065
1,968
3 489
4,823
4,827
8 082
2,404
3 577
5,072
4,584
7 923
1,985
3,520
5,105
4,628
7,130
1,348
3 353
5,292
4,737
6 970
1,639
3 644
5,154
4,725
7 575
2,142
3 585
5,154
4,757
7 233
2,039
3,613
5,732
4,743
9 032
2,146
316 451
26 369
6 913
26 427
6 973
1Q 4.54
26 343
7 082
19. 261
26 300
7 022
1 9. 278
26327
7 201
19.126
26,296
7,006
19,290
26, 364
7 192
19.172
27012 27 270
7 267
7 179
19.833 20. 003
27, 897
7 630
20. 267
do
do
301 056
r?n
7Q 840
84 538
991 91 fi 231 Q13
1Q 45fi
2
Revised.
i Based on data not seasonally adjusted.
Advance estimate; total mfrs.
new orders for May 1972 do not reflect revisions for selected components.
9 Includes data
for items not shown separately.
©Includes textile mill products, leather and products,
paper and allied products, and printing and publishing industries; unfilled orders for other
64,722
2,234
9,407
5 026
376, 235
57, 576
26, 859
Aircraft missiles and parts
Industries without, rmfillpr? nrrlorcf
725
745
351
142
64, 242
2,263
9,195
4 800
345, 332
55, 031
25, 696
Nondurable goods industries total
T
2
6
2
2
64,399
2,272
9,201
4,784
do
do
do
42 555
54,847
50, 629
76 554
23 284
Machinery except electrical
Electrical machinery
2,780
6 758
2,433
2 170
64, 494
2,296
9,283
4,875
3611
5,512
4,898
8 404
1,744
r
r
13 330
5, 443
17 521
13 374
5,329
17 507
10,963
14 075
25,619
r
5 202
r
8 006
T
37 379
10, 930
14 015
25, 550
5 255
7 915
37,417
r
r
r
r
r
r
' 3 780
' 5, 733
' 5, 034
r 7 881
' 1, 818
3,716
5,772
5,094
8 339
2,110
28009 r 28 446 28, 427
7 702 r 7 850
7 613
20.307 r 20.596 20. 814
nondurable goods industries are zero.
IfFor these industries (food and kindred products, tobacco manufactures, apparel and
other textile products, petroleum and coal products, chemicals and allied products, and
rubber and plastics products) sales are considered equal to new orders.
SURVEY OF CURRENT BUSINESS
June 1972
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
Annual
S-7
1971
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
5,489 ' 5, 854
12, 146 ' 12,262
9,019 ' 8, 931
6,415 r' 6, 113
5,596
5, 941
23, 849 ' 24,440
5,874
12, 253
9,300
6,240
5,605
24, 655
2,883
3,482
1,752
7,238
2,909
3, 765
1,947
7,280
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS -Continued
New orders, net (seas, adj.)— Continued
By market category:
Home goods and apparel
_
Consumer staples
Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
._
Defense products (old series)
Defense products (new series) _
Producers' capital goods industries
2 61,236 2 65, 422
mil. $
do
do
do
do
do
2
128,981
2
2 136,123
95,944 2 101,169
2 52,909 2 65, 388
2 53,871 2 60, 691
2253,447 2263,893
2
5, 516
11,440
8,013
5,228
4,952
21,448
5,682
11,273
8,037
5,234
5,066
21,736
5,365
11,266
8,298
5,184
5,077
21,819
5,360
11,223
8,871
5,781
5,306
21,714
5,361
11,282
8,509
5,863
5,209
21,861
5,275
11,321
7,974
5,774
5,006
21, 972
5,369
11,315
8,493
5.356
5,004
21,954
5,817
11,797
8, 689
5,488
5 337
22448
5,689
11,937
8,685
5,104
5,283
22710
5,571
11,989
10,223
5,689
5 669
23,855
25,740
2 42,865
22 23, 455
69,530
228,913
2 42, 476
2 23, 532
2 76, 685
2,433
3,496
1,500
5,677
2,483
3,233
1,573
6,193
2,338
3,628
1,678
6,237
2,401
4,246
2,900
6,146
2,457
3,634
2,154
6,551
2,379
3,018
1,467
6,425
2,398
3,249
1,953
6,806
2, 672
3,947
2,110
6 565
2, 589
3, 687
2,010
6,835
2,615
3,790
3,124
8 110
80, 268
77,263
3,005
78, 027
74, 900
3,127
81,713
78, 612
3,101
79, 432
76, 356
3,076
77,294
74, 211
3,083
77,646
74,559
3,087
77,773
74,763
3,010
77, 613
74, 568
2,945
77,546
74,499
3,047
77656
74542
3 114
78027
74,900
3,127
79 586
76,379
3,207
80, 825 T 81,420
77, 399 * 77,859
3,426 ' 3, 561
81, 897
78, 267
3,630
80, 527
78, 222
81,073
79,749
77,775
77,615
77,898
77, 325
77,375
77,888
78,222
79,868
80, 519 ' 81,153
81, 462
77, 485
6,687
3,727
75, 057
5,708
3,011
77, 976
7,618
4,602
76, 727
6,917
4,040
74, 748
6,049
3,235
74,584
5,173
2,325
74,879
5,366
2,569
74,362
5,612
2,883
74,323
5,680
2,936
74,776
5,664
2 970
75,057
5,708
3, Oil
76,583
5 927
3,148
77, 078 ' 77,573
6,022 ' 6, 243
3,258 ' 3, 341
77, 839
6, 274
3,329
11,218
14, 505
14, 469
25, 490
19, 504
10, 461
14,696
14, 629
24, 305
17, 613
11, 054
14, 323
14, 161
25, 674
18, 562
10, 995
14, 277
14, 069
25, 244
18, 044
10,909
14, 385
13, 925
24, 297
17, 369
10,960
14,269
14,320
24,610
17,840
10,859
14,360
14,393
24,618
17,895
10,698
14, 279
14, 500
24, 128
17, 461
10,505
14,504
14,669
23,838
17,237
10,465
14,676
14784
23 945
17, 422
10,461
14,696
14629
24,305
17,613
10,488
14,853
14 329
25 742
17 944
10, 534 r 10,644
15, 052 r 15,252
14 291 r 14,319
25, 928 r 25,724
17, 717 ' 17,631
10, 556
15, 386
14, 306
25,837
17, 794
3,042
3,165
3,097
3,022
3,027
3,031
3,019
2,963
3,052
3 112
3 165
3 285
1,992
43, 409
10, 737
24, 389
2,236
43, 201
10,098
22, 687
2,042
43,821
10,572
24,638
2,140
43,401
10,522
23,686
2,048
42,525
10,430
22,772
2,120
43,091
10,580
21,824
2,163
43,091
10,456
22,188
2,129
42, 594
10, 274
22, 328
2,184
42,633
10,132
22,426
2 318
42 947
10 114
22, 509
2,236
43,201
10,098
22,687
1,639
26, 078
19, 506
22, 574
1,806
24, 325
19, 634
23, 156
1,653
25,084
19, 595
23,196
1,740
24,497
19,122
23,186
1,672
23,787
18,211
23,028
1,747
24,486
19, 101
22,867
1,786
24,535
19,177
22,986
1,769
24, 122
18, 880
22, 759
1,800
23,862
19,065
22,972
1 907
24 223
19 336
23 058
New incorporations (50 States and Dist. Col.):
Unadjusted© _ _
_
number
Seasonally adjusted©
do
264, 209
287, 547
24, 389
22, 770
23, 899
24, 168
26,266
24,691
24, 898
25, 073
23, 698
25, 142
22, 748
23,278
23, 977
25 050
INDUSTRIAL AND COMMERCIAL
FAILURESd"
Failures, total
number
Commercial service
do
Construction
__
do
Manufacturing and mining
_
do
Retail trade
do
Wholesale trade.
do
10, 748
1,392
1,687
2,035
4,650
10, 326
1,464
1,545
1,932
4,428
989
126
159
912
139
134
171
385
199
410
786
106
109
848
108
131
741
117
114
167
440
935
137
118
759
110
119
do
do
do
do
Unfilled orders, end of year or month (unadjusted),
total
mil $
Durable goods industries, total
do
Nondur. goods ind. with unfilled orders© do
Unfilled orders, end of year or month (seasonally
adjusted) , total
mil. $
By industry group:
Durable goods industries, total 9
do. _
Primary metals
_.
do
Blast furnaces, steel mills
do _
Fabricated metal products _
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts.
do
do_
do
do
do
_
_
Nondur. goods ind. with unfilled orders© do
By market category:
Home goods, apparel, consumer staples ..do
Equip, and defense prod., incl. auto
do
Construction materials and supplies
do
Other materials and supplies
do...
Supplementary series:
Household durables..
do
Defense products (old series)
do
Defense products (new series)
do
Producers' capital goods industries. - do
2,601
3,452
1,780
7,242
r
3, 580
3,623
2,282
44375
10 144
23 067
2,269 ' 2, 414
44, 817 rr 44,643
10, 130 10,326
23, 303 ' 23,770
2,444
44, 680
10, 212
24, 126
1,806
24, 325
19, 634
23, 156
1 842
24547
20 972
24 075
1,819 r 1, 943
24,397 'r 24,298
20, 937 r 20,923
24, 378 24,503
1,991
24,370
20,964
24,737
22 799
25 828
26 051
25* 529
25 715
24 685
819
131
125
730
93
101
129
353
126
353
750
95
130
3,441
BUSINESS INCORPORATIONS^
Liabilities (current), total
Commercial service.
Construction
_ __
Manufacturing and mining. . . .
Retail trade.
_
Wholesale trade. ._
thous. $
do
do
_ do
_do
do
984
1,887,754
298, 736
231, 533
817, 841
360, 603
179, 041
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. .
243.8
r
1
24, 340
24, 743
880
130
118
30, 003 9 25,982
27, 399 » 25,940
986
116
146
808
121
102
856
115
128
134
355
127
398
1,916,929 153, 796 249,489 165, 840 147, 028 155, 555 115, 847 144, 702 128, 998 111, 322 101 619 191, 331 220, 662 148, 467
356, 923 19, 252 46,032 16, 122 39, 055 27, 515 24, 983 15, 912 16, 533 18, 170 15 776 36, 057 26, 578 14, 142
222, 357 23, 788 23, 881 24, 406
8,593 13. 205 20, 267 13, 288 11 601 12, 473 18 261 24, 946 26, 815
8,518
712, 611 53, 873 62, 175 85, 082 62, 851 65, 460 38, 580 54,706 63, 619 44, 742 36 515 77,847 113, 437 60, 566
444, 086 41,368 104,367 29, 952 22, 523 34, 071 20, 178 40, 771 23, 026 27,953 19, 374 28, 604 42, 284 48, 870
180, 952 15,515 13,034 10, 278 14, 006 15, 304 11, 839 20, 025 14 219
7,984 11 693 23 877 11, 548 16, 371
190, 139
29, 482
16, 980
32, 323
35, 848
75, 506
957
241.7
97
42.9
71
83
42.8
44.3
156
340
75
39.6
169
345
95
140
304
66
142
313
75
81
57
139
305
81
121
425
86
194
445
85
96
88
40.1
38.1
41.6
37.5
35.7
40.8
41.2
36.5
38.2
'289
240
'306
233
157
161
'291
'246
'395
242
157
161
'294
'279
228
174
158
282
'234
'273
228
167
' 156
r 263
638
'665
357
362
'303
'253
'327
264
174
168
'260
'666
'346
'352
313
261
342
272
180
170
'627
323
347
310
'248
'320
255
173
166
' 259
'664
'363
365
304
'243
'290
235
173
166
r 285
'303
251
'356
255
173
165
' 255
' 671
349
369
468
459
43.6
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products
Crops9
Commercial vegetables..
Cotton
Feed grains and hay
Food grains
Fruit
Tobacco
Livestock and products 9
Dairy products
Meat animals
Poultry and eggs
_
1910-14=100..
do
do
do
do
do
do
do
do
do
do
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
280
'285
'248
'330
' 194
199
174
'280
'287
'255
'326
' 195
205
' 177
'320
151
285
'243
'323
'209
185
167
'265
'619
321
354
'402
'133
'283
'245
'353
'195
199
171
'256
' 615
315
'346
'392
134
'317
'340
'402
'130
314
334
'400
128
336
366
352
382
349
377
351
381
354
383
r227
294
183
177
••163
'245
604
326
345
405
314
331
614
329
330
614
'286
r 242
130
'135
'324
'361
'404
132
353
383
355
386
355
387
403
332
409
333
333
r 245
r 291
r 257
' 641
328
'366
'414
'125
' 655
'331
'371
'417
'128
'340
246
168
165
' 251
'664
'338
371
'426
138
355
387
357
387
333
335
453
481
130
130
357
389
360
391
338
363
395
335
340
r 263
275
666
357
345
485
138
122
123
341
364
395
365
396
'343
344
366
398
390
410
'408
410
412
410
412
412
414
415
416
420
423
423
'428
428
72
70
69
70
70
'69
'69
68
'70
70
71
72
73
72
71
73
p
in' R^visedPreliminary.
1 Advance estimate; 2 total mfrs. unfilled orders for May
1972 do not reflect revisions for selected components.
Based on unadjusted data.
©See corresponding note on p. S-6.
9 Includes data for items not shown separately.
333
'284
'246
'309
' 193
195
165
'286
'615
317
'340
cfCompiled by Dun & Bradstreet, Inc. (failures data for 48 States and Dist. of Col.).
O Revisions for Jan.-Dec. 1970 will be shown later.
§ Ratio of prices received to prices paid (parity index).
SURVEY OF CUBKENT BUSINESS
S-8
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
June 1972
1971
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
122.4
122.6
123.1
123.2
123.8
124.0
124.3
124.7
121.8
124.5
123.6
122.1
124.9
123.9
122.4
125.4
124.3
COMMODITY PRICES—Continued
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted indexes:
All items
Special group indexes:
All items less shelter
__
All items less food
All items less medical care...
1967=100..
116.3
121.3
120.2
120.8
121.5
121.8
122.1
122.2
_
114.4
116.7
116.1
119.3
122.1
120.9
118.6
120.9
119.8
119.2
121.6
120.4
119.8
122.2
121.1
120.0
122.4
121.4
120.2
122.7
121.6
120.2
123.1
121.7
120.3
123.5
122.1
120.4
123.7
122.3
120.9
123.9
122.7
120.9
124.0
122.8
121.5
124.2
123.4
_ do
do.
do._
do
do
do..
do
113.5
114.0
113.1
111.8
112.5
121.6
123.7
117.4
117.7
117.0
116.5
116.8
128.4
130.9
116.6
116.9
116. 0
115.7
115.8
126.8
129.1
117.2
117.4
116.6
116.6
116.6
127.5
129.8
117.9
118.1
116.9
117.4
117. 1
128.2
130.6
118.1
118.3
116.7
117.5
117.0
128.8
131.2
118.2
118.6
117.2
116.9
117.1
129.4
131.9
118.1
118.7
118.2
116.4
117.4
129.8
132.3
118.4
118.8
118.7
117.1
118.0
130.0
132.5
118.5
118.9
118.7
117.4
118.1
130.4
132.9
118.9
119.5
118. 8
117.2
118.1
130.8
133.3
118.7
119.2
118.1
117.3
117.7
131.5
134.1
119.4
120.3
118.4
117.1
117.8
131.8
134.4
119.7
120.6
118.9
117.3
118.2
132.0
134.7
119.9
120.7
119. 1
117.7
118.5
132.4
135.0
120.3
121.0
119.7
118.4
119.2
132.7
135.3
Food 9
"
_
do
Meats, poultry, and
fish
_
__do
Dairy products
...
do
Fruits and vegetables
do.
Housing
do
Shelter 9
do
Eent
do
Homeownership
do.
Fuel and utilities 9 -.._--.
_.. do. _
Fuel oil and coal.
.
do
Gas and electricity..
_.
-do
Household furnishings and operation... do
Apparel and upkeep
_ do.
Transportation.
do
Private
_
_ do
New cars
do
Used cars..
do
Public.
_
do
Health and recreation 9
do
Medical care _
do
Personal care
_
do
Reading and recreation
_
_ do
114.9
116.5
111.8
113.4
118.9
123.6
110.1
128.5
107.6
110.1
107.3
113.4
116.1
112.7
111.1
107.6
104.3
128.5
116.2
120.6
113.2
113.4
118.4
116.9
115.3
119.1
124.3
128.8
115.2
133.7
115.1
117.5
114.7
118.1
119.8
118.6
116.6
112.0
110.2
137.7
122.2
128.4
116.8
119.3
117.8
115.7
114.6
120.0
122.5
126.5
114.4
130.9
114.1
117.3
113.9
117.0
119.1
118.1
116.2
113.8
109.8
136.4
121.2
127.5
116.3
118.4
118.2
115.8
115.1
121.4
123.2
127.2
114.7
131.6
114.4
117.2
114.4
118.1
120.2
118.8
117.0
113.9
112.8
136.4
121.6
128.1
116.5
118.9
119.2
117.4
115.7
125.1
124.0
128.3
115.2
133.0
114.6
117.4
114.6
118.7
120.1
119.6
117.6
113.9
114.1
139.0
122.1
128.6
116.8
119.3
119.8
118.0
116.0
126.0
124.5
128.8
115.4
133.5
115.5
117.5
114. 7
118.9
119.3
119.5
117.4
113.8
113.5
139.0
122.6
129.3
117.1
119.6
120.0
118.7
116.0
123.6
125.1
129.5
115.8
134.4
116.3
117.8
115.7
119.1
119.0
119.3
117.3
109.3
112.5
139.1
123.1
130.0
117.5
119.7
119.1
119.1
116.1
116.6
125.5
130.1
116.1
135.1
116.3
117.8
115.7
119.4
120.6
118.6
116.4
105.6
111.6
139.3
123.6
130.4
117.6
120.5
118.9
118.4
116.0
115.6
125.9
130.6
116.4
135.7
116.3
117.8
115.7
119.5
121.6
119.3
117.2
109.1
111.7
139.3
123.5
129.6
117. 9
120.5
119. 0
118.1
115.9
117.8
126.4
131.3
116.6
136.7
116.8
118.1
116.2
119.5
121.9
118.8
116.6
109.6
110.2
139.3
123.7
129.7
117.9
120.8
120.3
118.9
116.1
124.4
126.8
131.6
116.9
137.0
117.9
118.1
118.2
119.6
121.8
118.6
116.3
110.4
107.2
139.7
123.9
130.1
117.9
121.1
120.3
120.7
116.4
120.9
127.3
132.3
117.1
137.8
118.7
118.7
119.0
119. 5
120.2
119.0
116.4
112.2
105.3
143.4
124.3
130.5
118.1
121.4
122.2
126.3
116.9
123.9
127.6
132.5
117.5
138.0
119.3
118.7
119.4
119.6
120.7
118.3
115.7
111.9
103.0
143.5
124.7
131.0
118.4
121.5
122.4
126.8
117.3
121.4
127.9
132.7
117.7
138.2
119.6
118.7
119.7
120.1
121.3
118.4
115.9
111.7
103.9
142.3
125.0
131.4
118.7
121.7
122. 4
125.9
117.4
122.1
128.2
133.0
118.1
138.5
119.9
118.6
120.2
120.5
121.8
118.6
116.1
111.7
106.4
142.7
125.5
131.7
119.1
122.3
122.3
124.8
117.3
123.9
128.5
133.4
118.3
138.9
120.1
118.7
120.5
120.8
122.5
119.5
117.1
111.4
110.0
142.7
125.8
132.0
119.7
122.5
1 113. 4
1 112. 6
1 113. 8
108.0
109.3
107.1
109.7
109.0
110.2
108.8
109.1
108. 6
108.1
111.1
106.1
108.3
113.8
104.7
108.3
111.3
106.1
107.4
107.3
107.5
106.7
105.5
107.4
105.8
104.3
106.9
106.7
106.4
106.8
110.3
109.7
110.7
112.4
111.3
113.0
114.4
110.4
117.2
115.6
110.1
119.5
119.2
112.2
124.3
do._
110.4
113.9
113.3
113.8
114.3
114.6
114.9
114. 5
114.4
114.5
115. 4
116.3
117. 3
117.4
117.5
118. 2
do
do
do
do
do
112.2
109.8
110.4
109.9
111.9
115.0
114.0
113.5
112.7
116.6
115.2
113.1
112.9
112.0
116.1
115.8
113.6
113.5
112.7
116.3
116.9
114.0
113.8
113.1
116.5
116.6
114.8
113.8
113.0
116.8
115.2
115.6
114.1
113.3
117.1
113.9
115.4
113.6
112.7
116.9
114.3
115.0
113.8
112.9
117.1
114.3
115.0
114.0
113. 1
117.0
117. 0
115.4
115.0
114.2
117.8
120.2
115.9
115.5
114.7
118.4
123.1
116.7
116.3
115. 6
118.8
123.1
117.2
116.1
115. 2
119.0
123.0
117.7
115.8
114.8
119.3
125.5
118.2
lit). 4
115.5
11.9.4
By durability of product:
Durable goods.
Nondurable goods
Total manufactures. _
Durable manufactures
Nondurable manufactures
do
do
do
do
do
112.4
108.9
110.2
112.0
108.2
117.0
111.7
113.8
117.0
110.5
116.1
111.2
113.0
116.1
109.9
116.5
111.8
113.5
116.5
110.5
116.7
112.5
113.8
116.7
110.8
117.5
112.4
114.5
117.5
111.4
118.4
112.4
114.9
118.5
111.2
118.2
111.7
114.7
118.3
111.0
118.2
111.6
114.5
118.3
110.6
118.1
111.8
114.5
118.3
110.7
118.6
113.0
115. 1
118. 8
111.3
119.2
114.1
115.7
119.3
112.0
120.0
115.3
116.5
120.1
112.8
120.4
115.2
116.7
120.4
112.9
120.7
115. 1
116.9
120.8
112.9
121.0
116.2
117.4
121.0
113.6
Farm prod., processed foods and feeds
do
Commodities. ... _ .
Nondurables
Nondurables less food
Durables9
..
Commodities less food .
Services.
Services less rent
do
do_ _
do
WHOLESALE PRICEScf
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1967-100
9 Foodstuffs
do
13 Raw industrials
do
All commodities
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, etc,.,
Finished goods©...
Consumer finished goods
Producer finished goods
111.6
113.8
113.3
114.3
115.4
115.0
114.6
113.0
113.0
113.6
115.9
117.4
119.6
119.1
118.3
120.0
Farm products 9
__
do
Fruits and vegetables, fresh and dried-do....
Grains.
__
do
Live poultry
do
Livestock
do
111.0
111.6
98.8
99.6
116.7
112.9
120.1
100.9
100.3
118.3
113.0
120.8
106.8
99.5
116.9
114.0
127.5
107.2
101.3
119.0
116.0
136.1
109.4
108.1
118.9
113.4
109.3
102.5
121.1
121.3
113.2
115.9
92.8
100.8
121.3
110.5
103.6
89.0
102.8
119.1
111.3
115.8
88.3
93.5
120.9
112.2
127.1
87.8
92.3
121.0
115.8
126.3
95.3
87.2
124.7
117.8
124.9
94.1
94.3
132.2
120.7
127.5
93.0
105.4
139.6
119.7
112.8
93.8
107.6
136.7
119.1
117.6
96.0
94.1
133.8
122.2
120.6
97.5
96.3
139.8
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
112.0
112.9
107.6
111.2
110.4
115.8
114.3
115.8
111.4
115. 4
114.3
116.0
113.5
115.6
111.5
115.5
113.0
113.3
114.5
115.7
111.5
116.2
114.0
116.4
114.9
115.7
111.5
116.1
115.4
116.7
116.0
115.9
111.5
116.2
115.9
119.6
115.4
116.1
111.4
115.4
116.2
117.7
114.6
116.0
.111.3
115.4
115.7
117.5
114.1
116.4
111.3
116.4
115.3
116.9
114.4
116.6
111.5
116.3
115.4
117.1
115.9
116.4
111.6
117.4
115.8
120. 4
117.2
116.4
112.2
117.3
116.0
125.4
118.8
116.8
112.4
117.5
116.1
130.5
118.6
116.7
112.6
118.0
116.7
127.3
117.7
117.2
112.8
117.5
118.3
123.6
118.6
117.2
113.3
117.4
119.0
126.8
do
110.0
114.0
113.3
113.7
113.9
114.5
115.1
115.0
115.0
114.9
115.3
115.9
116.5
116.8
117.3
117.6
103.4
90.6
101.0
102.5
103.5
117.9
104.1
92.2
101.5
102.4
112.2
118.3
104.4
92.1
101.4
102.8
116.0
118.3
Industrial commodities
Chemicals and allied products 9
Agric. chemicals and chem. prod
Chemicals, industrial Drugs and Pharmaceuticals
Fats and oils, inedible
_
Prepared paint
do
do
do
do
do
do
102.2
88.4
100.9
101.1
133.3
112.4
104.2
92.2
102.0
102;4
133.5
115.6
104.5
94.1
101.9
102.0
143.0
115.9
104.3
93.8
101.5
101.9
138.8
115.9
104.4
94.1
102.2
102.3
132.0
115.9
104.4
93.4
102.4
102.6
130.8
115.9
104.3
91.0
102.4
102.7
134.2
115.9
104.3
91.0
102.4
102.6
132.9
115.9
104.2
90. 4
102.4
102.6
129.0
115.9
103. 8
90.3
101.7
102.4
125.3
115.9
103.4
90.3
101. 1
102.5
115.9
115.9
103.4
90.3
101.4
102.3
111.3
116.2
103.5
90.2
101.4
102.2
110.7
117. 3
Fuels and related prod., and power 9
Coal
Electric power
Gas fuels
Petroleum products, refined
do..
do
do
do
.do
105.9
150.0
104.8
103.3
101.1
114.2
181.8
113.6
108.0
106.8
113.0
184.0
112.3
105.9
105.3
114.2
182.8
112.6
106.9
107.4
114.4
182.5
113.0
107.5
107.4
114.4
182.9
113.5
107.7
107.2
114.8
182.9
115.3
107.2
107.3
115.3
182.9
116.4
108.4
107.3
114.8
182.9
116.3
108.8
106.3
114.7
182.9
116.2
108.8
106.2
115.0
190.2
116.3
107.9
106.1
116.0
192.7
118.9
110.0
106.1
116.1
192.6
120.0
110.2
105.5
116.5
192.6
120.0
110. 9
106.3
116.9
191. 2
120.5
112.5
106.6
117.5
191.2
121.2
113.0
107.3
109. 9
Furniture and household durables 9
do
109.9
107.5
109.7
109.8
Appliances, household
do
107.1
105.3
107.2
107.1
107.1
115.0
Furniture, household
do
114.1
111.6
114.8
115.2
Home electronic equipment
do
93.6
93.7
93.7
93.8
93.6
r
Revised.
» Preliminary.
1 Computed by I*EA.
9 Includes data fo r items ilot
shown separately.
cTTor actual wholesale prices o f individu al commo dities, see respect ive
110.0
107.0
115.3
93.9
110.2
106.9
116.0
93.3
foods aiid fuels.
110.8
107.5
116.7
92.9
110.9
107.4
116.8
93.0
111.0
107.5
116.9
92.8
111. 1
107.2
117.1
92.9
110.2
110.2
110.2
110.2
107.6
107.5
107.6
107.4
115.6
115.6
115.4
115.5
93.8
93.4
94.0
93.8
comm()dities. O Goods to users incl. ra~vr
110.2
107.4
115.5
93.4
SURVEY OF CURRENT BUSINESS
June 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
S-9
1971
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
COMMODITY PRICES—Continued
WHOLESALE PRICES^—Continued
(U.S. Department of Labor Indexes— Continued)
All commodities—Continued
Industrial commodities—Continued
Hides, skins, and leather products 9
1967=100.
Footwear
do.__
Hides and skins
do___
Leather
do___
Lumber and wood products
do___
I/umber
do___
110.1
113.0
104.4
107.7
113.7
113.7
114.0
116.8
115.1
112.5
127.0
135.5
114.0
116.6
121.1
111.0
124.6
131.5
114.4
116.7
121.4
113.0
124.9
132.8
114.2
116.8
114.0
114.4
126.1
134.4
114.2
116.8
114.0
114.4
130.6
142.5
114.4
117.1
114.6
114.4
134.6
146.7
114.7
117.1
117.7
113.4
134.3
146.8
114.7
117.1
117.2
113.4
131.8
142.7
115.1
117.1
123.1
113.5
131.3
141.9
116.2
117.1
128.6
117.0
132.7
143.8
117.8
118.1
136.0
120.0
134.9
146.9
119.1
118.5
148.9
120.6
137.7
150.4
123.0
120.1
173.8
128.4
139. 5
152.4
127. 2
122. 4
188.6
138.1
141.1
155.1
129.5
124.6
200.3
137.8
142.7
157.0
Machinery and equipment 9
do
Agricultural machinery and equip
do
Construction machinery and equip
do
Electrical machinery and equip
do_
Metalworking machinery and equip do_.
111.4
113.0
115.5
106.4
114.0
115.5
117.2
121.4
109.5
117.3
115.0
116.7
120.9
109.5
116.6
115.3
116.6
121.1
109.4
117.4
115.5
116.9
121.2
109.4
117.9
115.7
117.4
121.6
109.5
117.7
116.1
117.5
121.9
109.9
118.1
116.0
117.5
121.8
109.7
118.0
116.0
117.5
121.8
109.6
118.1
115.9
117.5
122.0
109.3
118.2
116.2
118.6
123.2
109.3
118.4
116.5
119.9
124.3
109.5
118.5
117.1
121.5
124.7
110.0
118.9
117.3
122.0
125.0
110.1
119.4
117.6
122.1
125. 7
110. 2
119.7
117.9
122.3
125.6
110.5
120.0
Metals and metal products 9——-Heating equipment
-___._—
Iron and steel—
Nonferrous metals
116.7
110.6
115.1
125.0
119.0
115.5
121.8
116.0
117.8
114.7
118.4
117.2
118.5
115.1
120.1
117.2
118.5
115.2
120.3
116.4
119.4
115.9
121.9
116.9
121.1
116.8
125.3
117.1
121.1
116.7
125.6
116.5
121.0
116.3
125.5
116.3
120.9
116.5
125.3
116.0
120.8
116.3
125.3
114.9
121.4
115.9
126.8
114.4
122.6
116.2
128.2
115.0
123.4
117.0
128.3
117.2
123.5
117.9
128.3
117.6
123.6
118.1
128.3
117.8
122.4
121.6
121.8
122.2
123.3
124.2
124.2
124.1
124.0
124.2
124.3
124.6
124.8
125. 6
125.9
114.5
119.6
101.2
109.9
114.2
108.7
107.5
114.5
120.1
104.0
110.2
114.3
108.7
107.5
114.5
121.5
112.7
110.5
114.6
109.7
111.2
114.9
122.8
114.3
110.6
114.7
109.8
111.4
114.9
122.6
114.5
110.6
114.7
109.7
110.8
114.9
122.6
113.6
110.6
114.7
109.5
110.8
114.9
122.6
112.1
110.6
114.7
109.5
110.8
114.9
122.9
114.1
110.7
114.7
109.4
110.8
114.8
123.4
113.4
110.8
114.9
109.5
110.3
116.1
123.8
112.8
111.6
115.3
109.2
108.4
116.2
124.5
115.3
112.3
115.7
108 9
108.4
117. 2
125. 1
114.9
112.8
115.9
108.7
108.4
117.2
125.1
113.4
113.2
115.9
108.8
108.4
109.2
113.3
111.9
101.9
0)
92.6
109.7
113.6
112.5
103.1
0)
92.7
109.7
113.8
112.2
103.1
109.8
113.8
112.5
103.2
(')
92.3
110.6
113.8
113.6
104.3
<»)
91.5
111.3
113.8
116.7
105.4
(')
92.0
112.0
114.0
118.0
105.9
0)
92.2
112.1
114.1
119.6
106.1
(0
92.0
112.6
114. 2
120.5
107.2
0)
113.3
114.3
121.5
108.0
C1)
98.3
113.6 • 113.6 ••113.7
118.0 •118.0 '118.0
114.0
114.2 114.1
114.0
114.5 114.0
117.4 117.4
117.4
113.8
118.1
114.1
114.1
'117.5
$0.852 $0.851
« .805
$0.846
do_.
.do..
do..
do..
Nonmetallic mineral products 9do._.
Clay prod., structural, excl. refractories
do.. _
Concrete products
_i
do...
Gypsum products
do___
Pulp, paper, and allied products
do...
Paper
.
do___
Rubber and plastics products...
do...
Tires and tubes.
do...
109.8
112.2
100.0
108.2
111.0
108.6
109.0
114.2
120.6
106.8
110.1
114.1
109.2
109.2
114.5
119.4
101.0
109.6
114.3
109.0
107.5
Textile products and apparel 9
Apparel
Cotton products
Manmade fiber textile products
Silk yarns......
Wool products
__..
107.2
111.0
105.6
102.1
114.3
99.4
108.6
112.9
110.6
100.8
0)
93.5
107.5
112.2
108.9
98.6
0)
94.4
107.8
112.2
109.6
93.5
108.5
112.3
110.9
101.4
0)
93.4
92.5
109.6
113.8
112.2
102.5
C1)
92.4
104.5
108.5
109.9
109.4
114.0
110.3
114.7
112.8
112.6
116.7
109.7
114.1
112.7
112.5
116.5
109.8
114.2
112.5
112.4
116.5
110.0
114.4
112.6
112.6
116.5
110.3
114.7
112.8
112.6
116. 6
110. 5
114.9
113.0
112.6
116.8
109.6
113.8
113.0
112.6
116.8
110.7
115.2
113.0
112.6
116.8.
110.8
115.3
113.1
112.8
116.8
112.9
117.5
113.2
113.1
116.7
113.4
117.9
113.7
113.5
117.4
$0.906
.860
$0.878
.824
$0.883 $0.879
.832
$0.875
.823
$0.873
.821
$0.870
.819
$0.873
.818
$0.874
.817
$0.873
.816
.812
$0.860
.812
$0.853
r g H6
do_.
do_.
do_.
do_.
do..
do_.
Transportation equipment9-..Dec. 1968=100.
Motor vehicles and equip
1967=100.
Miscellaneous products 9
do...
Toys, sporting goods, etc
..do....
Tobacco products
do
99.7
0)
0)
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
____1967=$1.00_
.Ao...
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE ]
New construction (unadjusted) total 11
Private, total 9
Residential (including farm)
New housing units
mil $
94 265
108 968
8 461
9 281
9 837
10 020
10 346
10 220
10 277
10 025
9 196
8 408
r g 917
9 777
do
do
do
66, 147
31 748
24, 156
79, 080
42 379
34, 177
6,072
7, 077
3 868
3 054
7,237
4 005
7,495
3 122
2 408
6,621
3 575
2 737
7,464
7, 485
4 149
3 409
7,374
7,067
7, 270
4 130
3[ 379
21, 417
22 479
1 833
1,842
1,951
2,022
465
1 677 '1,839
9, 754
11 619
1,926
383
1,051
Nonresidential buildings, except farm and public utilities, total 9
mil $
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph
do
6,538
5^423
496
894
477
913
459
1,004
3*243
1, 087
4 161
3 398
4 162
3* 434
2 071
2,011
423
1,160
421
1,087
2 034
'460
1,093
4 054
3 341
3 891
3 212
6,345 ' 6, 040 ' 6, 736
3 723
3 508 r 3 334
2 963 f 2* 848 ' 3, 128
2 012
1 913
1 748
1,098
1 023
430
433
362
956
OOQ
934
r
'364
1,005
2 952
2 993
278
254
279
230
259
252
251
259
270
do
28, 118
29 888
2 389
2,660
2,760
2 783
2,851
2,756
2 792
2 651
2 129
Buildings (excluding military) 9
Housing and redevelopment _ _
Industrial
do
do
do
10, 657
1,107
11 401
1 137
948
106
51
1,011
955
81
33
1,047
82
54
972
83
48
1 001
97
56
966
104
60
1 056
118
52
908
93
45
888
89
44
Military facilities
Highways and streets _
do
do
719
9,986
886
61
780
71
958
75
88
1,091
88
1,092
1,065
76
1,117
82
1,070
86
934
83
657
74
585
105.9
107.6
109.2
109.8
111.8
110 3
114.7
' 115.2
117 0
120 2
121 2
76.3
77 9
79.9
80 3
81.9
81 7
82 9
84 8
86 0
88 2
89 2
r
39.6
41.5
42.3
42.5
45 0
46.1
46.8
47.7
49 7
51 8
' 53.1
52.5
22.7
6 1
11 3
22.1
58
11 0
23.1
55
11 8
23.6
54
12 7
43.8
/
23.4
4 9
13.1
21.9
4 6
11.7
21.9
50
11 5
22.7
49
12 2
23.1
49
12.4
23.9
4 9
13 4
23.4
4 7
13 1
'24.2
'4.8
'13.4
23.9
4.7
13. 2
Public, total 9
...
New construction (seasonally adjusted at annual
rates), total 1
bil $
Private, total 9
do
Residential (including farm)
do
Nonresidential buildings, except farm and public utilities, total 9 .
bil. $
Industrial
do
Commercial __ _
do
Public utilities:
Telephone and telegraph.
do
Public, total 9 ...
do
500
573
10, 637
266
218
2 507
908
66
39
855
64
46
48
66
552
r 82
70
r
633
f
121. 8
91. 7
3.4
3.1
3.2
2.7
3.0
2.9
2.7
2.9
3.0
31
3.1
3.2
29.6
29.7
29.3
29.5
29.8
28.6
31 8
30 4
31.0
31 9
32 0
'30.2
Buildings (excluding military) 9 .
do
11.1
10.5
11.6
1.3
Housing and redevelopment.. „
do
1.2
1.2
6
Industrial.
do
.6
.6
Military facilities
do
.9
.8
.8
Highways and streets
.....do
10.1
11.2
10.2
' Revised.
* Preliminary.
« Corrected.
1 Series discontinued.
c?S<?e corresponding note on p. S-8.
9 Includes data for items not shown separately.
TfData have been revised to reflect the incorporation of new basic data, the change in estimating procedures, the modification of the type of construction classifications for private nonresidential buildings, the inclusion of farm housing in new private housing units, and the
468-387 O - 72 - S 2
95
51
193
2 063 * 2 076 ' 2, 181
r
122. 6
91.5
31.1
10.7
!1.9
.6
1.1
1.1
.9
1.2
.9
1.3
6
7
5
5
5
.6
.6
.6
.6
.5
9
9
1.0
.9
1.0
1.2
1.1
.8
9
10
10.4
9.3
9.9
11.4
10!? '11.3 11.4 11.3 10.3
introduction of the results of a survey covering private nonresidential building construction
in the 13 Western States. More detailed information may be obtained from the Bureau of
Censuus Report C30-70S, available from the Superintendent of Documents, U.S.Government Printing Office (Washington, D.C. 20402).
11.1
12.3
10.8
12 5
12 3
12
f 12.3
12 2
12
SUEVEY OF CUKKENT BUSINESS
S-10
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
In the 1971 edition of BUSINESS STATISTICS
1970
| 1971
Annual
June 1972
1971
Apr.
May
June
July
1972
Sept.
Aug.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F. W. Dodge
Division, McGraw-Hill):
Valuation total
mil. $
Index (mo. data seas, adj.)
1967=100..
Public ownership
Private ownership
By type of building:
Nonresldential
Residential
Non-building construction
New construction planning
(Engineering News-Record) O
mil. $
do
do
-- --do
do
do —
68, 160
80,690
7,661
7,555
8,077
7,670
7,712
6,814
6,568
6,405
6,286
6,234
5,607
7,284
U23
1 144
161
141
147
151
153
154
137
155
160
165
155
159
167
21,977
41, 735
22,626
47,879
2,069
5,591
2,065
5,489
2,795
5,282
2,683
4,987
2,299
5,413
2,010
4,804
1,837
4,731
1,012
263
1,087
244
2,137
4,097
1,634
3,973
1,686
5,598
1, 741
6,359
24,394
24,675
18, 992
25, 846
37,119
19,925
2,061
3,122
2,477
2,264
3,310
1,981
2,800
3,485
1,792
2,621
3,357
1,691
2,120
3,255
2,337
2,246
3,196
1,372
2,065
3,171
1,332
2,128
3,001
1,275
1,959
2,997
1,331
1,728
2,667
1,840
1,799
2,664
1,144
2,187
3,617
1,480
2,182
3,971
1,947
4,580
5,502
2,837
4,725
3,828
4,749
6,024
9,919
4,456
6,500
7,133
4,234
4,799
203.6
147.3
201.1
116.0
203.5
144.3
198.5
115.6
196.8
137.3
193.8
116.9
197.0
146.5
194.3
107.7
205.9
151.3
204.5
111.7
176.6
125.2
173.8
102.1
181.7
132.5
179.7
102.9
176.4
128.9
173.7
92.9
155.3
118.1
152.1
80.4
150.9
112.2
149.1
76.2
153.6
117.2
152.2
76.3
205.8
151.6
203.9
111.4
212.1
155.3
210.5
119.3
225.9
1,951
1,122
2,046
1,152
2,008
1,150
2,091
1,162
2,219
1,198
2,029
1,172
2,038
1,155
2,228
1,242
2,457
1,347
2,487
1,415
2,682
1,325
2,369
1,302
2,101
1,162
2,322
1,329
1,991
907
66,937
8, 100
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
Inside SMSA's
Privately owned
One-family structures
--
thous. . 1, 469. 0
1, 034. 4
. do-do_. _ 1,433.6
812.9
do
-
Seasonally adjusted at annual rates:
Total privately owned
One-family structures
2, 084. 5
1,618.5
2, 052. 2
1, 161. 0
do
- - do
New private housing units authorized by building
permits (13,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
thous..
One-family structures
. do
1,352
647
1, 907
903
1,638
833
1,927
921
1,849
914
2,052
960
2,006
908
1,900
865
2,173
980
1,952
897
2,292
1,049
2,105
1,043
2,078
954
1,928
928
1,928
'940
Manufacturers' shipments of mobile homes:
Unadjusted
401.2
496.6
43.3
482
41.3
493
47.8
521
45.6
535
50.0
525
54.0
545
50.8
520
39.9
513
34.4
509
33.3
554
39.7
552
48.8
595
53.4
634
'136
137
do.
223.8
133.7
CONSTRUCTION COST INDEXES
Dent of Commerce composite
1967 ~~ 100
122
131
129
130
131
133
134
134
134
134
135
135
136
American Appraisal Co., The:
Average 30 cities
Atlanta
New York
San Francisco
St Louis
1913=100
do
do
do
do
1,132
1,254
1,202
1,088
1,116
1,258
1,411
1,359
1,174
1,219
1,218
1,393
1,305
1,168
1,168
1,241
1,394
1,310
1,168
1,236
1,257
1,394
1,312
1,168
1,236
1,286
1,429
1,412
1,184
1,249
1,298
1,441
1,416
1,195
1,253
1, 297
1,440
1,415
1,193
1,252
1,296
1,439
1,415
1,189
1,252
1,295
1,439
1,415
1,187
1,252
1,316
1,482
1,417
1,190
1,259
1,325
1,536
1,419
1,195
1,260
1,336
1,540
1,425
1,266
1,264
141
142
146
149
150
Associated General Contractors of America, Inc.,
The (building only) cf
1967—100
Boeckh indexes:
Average, 20 cities:
Apartments, hotels, office buildings
1967=100.
Commercial and factory buildings
_do._.
Residences
_ _
do
Engineering News-Record:
Building
1967=100
Construction
do
124.4
123.1
122.4
135.0
133.9
132.8
133.2
130.9
129.7
132.7
131.7
129.7
133.3
132.0
130.3
136.5
135.2
135.6
137.2
136.1
136.3
138.5
138.1
137.5
138.5
138.1
137.5
138.5
138.1
137.5
138.5
138.1
137.5
141.8
140.6
141.4
124.4
128.9
140.5
146.7
136.2
141.2
138.8
144.2
140.6
147.2
141.8
149.3
143.4
150.9
147.4
153.2
147.2
153.5
147.4
153.6
147.9
154.6
149.0
155.6
Federal Highway Adm.—Highway construction:
Composite (avg. for year or qtr.)
1967=100._
125.6
131.7
162.1
174. 1
187.1
183.6
181.8
168.7
198.3
184.9
188.9
197.0
182.2
165.2
179.0
174.0
176.8
157.3
161.8
169.9
162.0
188.9
166.4
162.3
194.3
163.8
182.7
209.0
194.7
195.4
217.5
192.3
176.0
227.0
201.9
191.6
265.2
198.2
176.7
253.7
140.6
193.0
270.0
144.8
190.4
255.3
145.5
187.6
255.7
130.7
180.5
215.1
141.0
177.6
156.8
131.3
177.6
143 2
187.5
187. 2
208.6
299.1
360.4
143.7
217.9
34.4
348
19.9
206
31.9
375
19.0
221
34.7
378
23.5
250
30.9
392
21.0
234
31.5
359
20.0
218
29.7
343
21.7
253
27.0
351
18.1
231
22.1
291
16.4
207
31.7
450
15.7
228
23.3
333
15.4
232
26.5
326
16.8
224
27.9
260
20.0
207
20.6
221
21.7
248
20.9
217
18.5
197
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount. _ _ . _ mil. $. 8, 113. 73 10,374.6 759. 52
3,442.90 6,065.83 351.49
Vet. Adm.: Face amount §
_.
do
793. 73
417. 95
951. 62
523. 36
983.62 1, 117. 4
563. 32 578. 34
862.75
696. 10
821. 04
520. 25
869. 50
789. 56
859. 78
719. 71
935. 45
639. 38
813. 63
616. 73
798. 12
717. 71
653. 69
516. 86
627.34
609. 78
8,269
7,268
7,241
7,338
7,514
7,637
7,640
7,709
7,936
7,238
6,515
5,992
5,913
3,168
3,438
4,301
4,151
4,11
3,672
3,405
3,298
3,592
2,63
2,849 ' 3, 910
3,81
4,580
62
1,95
1,093
609
1,717
1,079
589
1,661
1,048
573
1,590
1,429
48
1,25
89
'712
518
1,40 '1,86
93 '1,33
70
1,81
1,29
830
2,270
1,480
10, 068
9,527
10, 141
10,602
177. 70
162. 57
156. 50
183.7
124
144.6
144.2
145.0
151.2
157.2
152.1 2 152. 7
157.6 2 158. 5
135.5
133.5
135.5
133.4
150.5
156.6
143.5
143 1
143.3
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.. _
REAL ESTATE^
Mortgage applications for new home construction
FHA net applications
- thous. units
Seasonally adjusted annual rates
do
Requests for VA appraisals
.do...
Seasonally adjusted annual rates
do. _ _
Federal Home Loan Banks, outstanding advance
to member institutions, end of period
mil. $.
New mortgage loans of all savings and loan associa
tions, estimated total .
.
mil. $
By purpose of loan:
Home construction
_do.._
Home purchase
do.
All other purposes . ._
do
Foreclosures
Fire losses (on bldgs., contents, etc.)
number
10,615
21,387
7,936
39,48
4,150
10, 239
6,998
6,83
18,81
13,84
597
1,306
1,265
620
1,451
1,367
718
2,109
1,474
686
2,087
1,378
64
2,22
1,245
101, 070
116,698
9,665
9,340 '10, 144
9,603
9,508
mil. $. 2, 263. 92 2, 245. 84
194. 02
195. 50
189. 44
- Revised.
* Preliminary.
1 Computed from cumulative valuation total.
2 Index
as of June 1, 1972: Building, 153.7; construction, 159.9.
O Data for Apr., July, Sept. 1971,
and June 1, 1972 are for 5 weeks; other months, 4 weeks.
9 Includes data for items not shown
175. 36
186. 60
175.4
168.8
211.0
separately. . §Data include guaranteed direct loans sold . # N^ ^ejoomp^ble^
for earlier periods will be shown later.
fHrane mortgage rates (conventional 1st mortgages;
are under money and interest rates on p. b-17.
SURVEY OF CURRENT BUSINESS
June 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
In the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
S-ll
1971
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
May
Apr.
DOMESTIC TKADE
ADVERTISING
McCann-Erickson national advertising index,
seasonally adjusted:!
Combined indexf
1957-59=100..
Television (network)
do
Spot TV
do
Magazines
do.
Newspapers.. . __ ._
do
199
249
318
165
127
199
233
302
175
141
Magazine advertising (general and natl. farm magazines) :
Cost total
mil. $_ 1, 185. 7
50.9
Apparel an d accessories
do
95.3
Automotive, incl. accessories..
do___.
20.8
Building materials
. do
156.6
Drugs and toiletries
__
do
99.4
Foods, soft drinks, confectionery
do
1, 251. 4
47.0
111.3
19.2
158.6
108.1
98.0
71.1
43.8
16.4
64.7
468.9
88.2
64.0
33.1
17.8
118.2
486.0
Newspaper advertising expenditures (64 cities) : 0
Total*
mil. $. 3, 119. 5
92.8
Automotive
do
724.3
Classified
do
117.0
Financial
do
426.5
General
.
do
Retail
. .. -do -- 1,759.0
198
237
290
168
145
115.8
202
241
309
179
134
210
266
322
175
136
208
242
325
182
142
212
246
322
184
154
202
226
335
175
140
205
239
295
175
157
201
248
296
173
138
201
246
290
174
140
209
235
319
185
153
207
258
292
184
140
128.2
132.5
132 3
48
9.9
21
13 8
13.1
100 7
34
4.4
7
12 6
10.1
72.4
94.0
12 2
7.3
35
17
9 4
54 6
13 4
5.1
2o
11
9 638 4
2.9
2.3
21
11
82
33 2
i 3]_g g i 293 2
4*8
80
54 3
63 9
q 4
9 6
48 2
35 0
189 5
190 3
279 4
6 8
71 1
13 5
39 9
148 1
104.2
77.5
76.8
109.9
11.7
2.4
14.2
8.6
12.9
2.8
15.3
9.7
9.7
1.6
14.6
9.2
3.9
6.8
6.7
.9
11.1
8.2
5.0
1.1
11.3
6.3
7.7
21
13.9
8.5
15.9
2.2
15.5
12.0
7.2
7.3
2.9
8.8
8.2
3.5
1.6
2.0
8.9
4.8
3.1
5.5
3.6
2.0
4.5
2.7
2.4
11.5
49.3
10.8
37.8
1.5
9.5
1.3
9.6
9.4
8.0
3.1
10.3
43.9
26.9
28.8
6 4
5.7
32
17
9 5
44 3
3, 289. 9
101.9
764.3
106.6
461.8
1, 855. 3
286.2
11.8
65.3
10.0
43.9
155.3
298.4
9.7
71.5
8.0
46.0
163.3
273.6
10.3
65.2
9.8
39.2
149.1
239.7
8.8
64.7
8.5
27.9
129.8
265.6
8.9
70.6
6.1
29.8
150.2
i 275. 6
38.8
153.3
i 321 4
85
73 1
10 3
49 1
180 5
267,357
122,420
144, 937
22,002
10,201
11,801
22, 053
10, 261
11, 792
23, 684
11, 233
12,451
22, 367
10, 384
11, 983
23,148
10,788
12,361
23,418
10,855
12,563
22, 787
10, 696
12, 091
23,356
10 666
12,690
23, 654
10 478
13, 176
21,756
9 725
12,031
22,012 r 24, 938
9 951 '11 567
12,061 r 13, 371
22, 928
10 890
12 038
26, 622
15, 318
11, 304
28, 828
16, 987
11, 841
27,099
16,215
10,884
27, 114
16, 265
10, 848
27,308
16, 420
10, 888
27, 606
16 686
10, 921
27,584
16,645
10,939
27,707
16,616
11,091
28, 200
16 754
11, 448
28,493
16 759
11,733
28, 828
16 987
11, 841
29,064
17 041
12,023
29,079 rr 29, 289
17 171 !7 412
11,908 r 11, 877
29 596
17 713
11, 883
mil. $__ 375,527
114, 288
do
64, 966
do
59,388
do
5,578
do
408, 850
131, 814
78, 916
72, 538
6,378
33,965
11, 175
6,944
6,394
34,199
11, 174
6,841
6,287
35,033
12, 056
7,401
6,785
34,560
11, 299
6,799
6,217
33, 840
10, 923
6 353
5,806
547
34,102
11,418
6,758
6,237
521
35,659
12 089
7 329
6,781
548
36,018
11 796
7 100
6,516
584
42, 572
11 931
6 149
5,570
579
30,604
9 661
5 756
5,317
439
30,987 '36,220 '35,080 237,787
10 181
'11 953 0 -I q 91 K
fi 1Q9 r 7, 582 r 7 9.19
5,760 T 7, 020
6,737
432
575
'562
18, 560
11, 004
6,221
1,420
853
1,442
869
1,555
923
1,521
930
1,527
941
496
488
1,524
898
1,610
976
1,677
1,009
2,173
1,159
1,560
905
1,415
1,119
1,625
1,283
1,653
1,344
22, 790
1,767
688
341
667
291
Beer, wine, liquors
__
do _
Household equip., supplies, furnishings.. do
Industrial materials
do
Soaps, cleansers, etc
- do
Smoking materials
do
Allother
_
_
do.___
5.8
4.2
2.2
1.4
1.5
9.8
64.8
9.0
4.7
1.4
10.1
50.1
1.6
5.7
1.1
9.1
5.1
107.4
9.1
1.1
13.3
9.8
11.3
2 5
12 2
10.4
121 0
6 0
11.6
33
13 4
10.4
128 9
38
14.4
35
14 4
9.8
4.2
3.9
1.9
36.8
56
5.9
26
17
85
42 3
74
8.5
24
23
87
46 9
83
9.8
38
17
88
50 7
273.7
8.6
69.5
8.6
40.0
146 9
313 7
10 8
76 1
10 9
44 8
171 1
3.0
4.3
2.2
8.8
WHOLESALE TRADE
Merchant wholesalers sales (unadj.), total.. mil. $.. 246,643
111, 778
Durable goods establishments
do
134, 865
Nondurable goods establishments
do
Merchant wholesalers inventories, book value,
end of year or month (unadj.), total
mil. $__
Durable goods establishments
do
Nondurable goods establishments
do
RETAIL TRADE J
All retail stores:!
Estimated sales (unadj.), total t
Durable goods stores 9
Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
550
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance, TV, radio
do
do
do
17,778
10,483
Lumber, building, hardware group
Lumber, bldg. materials dealersd"
Hardware stores
_
Nondurable goods stores 9
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
do
do
do
do
do
do
do
do
15, 346
11. 995
o OKI
261, 239
19 810
4,630
7,582
3 501
17, 378
13, 733
3,645
277, 036
20 804
4,727
8,193
3 532
do
__do___
do
do
do...
13,352
29 689
86 114
79 756
27 994
13, 736
31, 131
89 239
82, 793
29, 163
1,105
2,482
7,469
6,925
2,338
61 320
68, 134
55 812
37, 295
3,853
6,959
7,980
62, 242
42, 027
4,301
6,972
8,773
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
General merchandise group with nonstores 9
mil $
General merchandise group without nonstores 9 §
mil $
Department stores..
do
Mail order houses (dept. store mdse).do
Variety stores
do
Liquor stores
_
do ..
Estimated sales (seas, adj.), total t
do
Durable goods stores 9
do
Automotive group
do
Passenger car, other auto, dealers
do
Tire, battery, accessory dealers
do
Furniture and appliance group 9
...do
Furniture, homefurnishings stores
do
Household appliance, TV, radio
do
Lumber, building, hardware group 1 do
Lumber, bldg. materials dealers d - - . do .
Hardware stores..
do
471
296
382
554
484
1, 481
1,152
329
23, 025
1,679
388
616
537
1,638
1,286
352
22, 977
1,673
405
342
309
23, 261
1 570
22, 917
1 637
507
1,610
1,304
306
22,684
1 674
519
1,628
1,302
326
546
1,568
1,244
324
24,222
1,540
1,127
1,223
1 240
1/107
998 ' 1 176 1,189
242
313
20,806 '23,962 '23,127 224,572
r
413
23, 570
30, 641
1 741 1 897 3 n n t
984
239
20,943
654
280
625
266
635
295
1,128
2,705
7,548
6,996
2,435
1,106
2,752
7 445
6,881
2,512
1,106
2,829
7 970
7,408
2,633
1,132
2,889
7 284
6,748
2,626
1,087
2,650
7 350
6*818
2,475
1,115
2 722
7* 566
7 022
2 509
5,367
5,319
5,452
5,271
5,569
5 620
5 862
6 824
4 AOK
4,915
3,317
324
572
668
4,853
3,270
294
570
712
4,778
3,205
292
537
779
33,688
5,085
3,371
369
549
712
5 082
3,444
359
537
708
5 291
3,568
404
552
738
6 245
4,195
575
621
758
34, 655
35,219
34 964
11,833
7 365
6,809
556
11 695
7 109
6,' 564
35 574
11,885
7,248
6,690
545
558
477
1,497
1,583
1,575
1,651
33,578
33,502
4,993
3,398
317
551
731
33,827
10, 747
6,463
5,937
10, 576
6,319
5,794
526
525
10, 782
6,409
5,869
10, 747
6,431
5,910
521
11,298
6,830
6,284
546
1,533
1,505
1,541
1,518
1,542
886
532
1,371
1,085
540
867
530
894
542
1,391
1,090
1,446
1,122
926
480
936
509
1,438
1, 135
1,493
1,186
303
307
663
315
903
477
1, 488
1,179
379
701
292
439
750
752
303
1,183
1,099
2 530
1,565
2 RQ8
7 1R5
6 673
2 493
964
510
946
520
1 515
1,193
1,575
1,255
' 1, 673 ' 1, 572 21,700
968
1,021
484
'516
540
349
354
1, 550
919
811
346
324
286
301
* Kevised.
i Data for Sept-Dec. 1970 are as follows (mil. $): 256.2, 279.5, 309.5, 264.4;
7.0,9.0,7.1,5.6;
58.6,60.1,58.0,46.1; 8.9,10.2,7.8,8.8; 37.9,42.6,48.5,30.6; 143.9,157.6,188.1,173.2.
2
Advance estimate. SSource: Media Kecords, Inc. 64-City Newspaper Advertising
Trend Chart.
*New series. Beginning Jan. 1971 the series was revised to reflect trends in
neypaper advertising expenditures in 64 cities instead of linage in 52 cities as formerly published.
{Revised to reflect new sample design, improved techniques, and new information
from the 1967 Census of Business; revisions for periods prior to Oct. 1970 appear on p. 55 fl.
582
9 K9Q
6,518
548
1,133
1,073
34 896
11, S34
6,639
6,162
954
558
1,548
1,249
353
547
90 K
505
T i 4g6
1 QflO
1, 734
'365
'665
'317
302
521
1 502
377
623
2
1, 173
2
7, 779
9 9fi/t
'1,157 ' 1, 114
' 2, 693 r 9 ft7fi
'r 7, 870 - a QQ/L
7, 334
' 2, 488 T 9 4.R7
' 5, 673
2
6,007
4 f)()A
2,680
269
419
669
34 886
11,475
6,578
6,028
550
2,646
327
464
652
35 345
11,457
6 689
6,121
568
' 5, 151 r R ftQ7
'3,367 '3,328
347
'419
585
'600
717
'743
'35
975
'36 450
'12 087 '11,829
' 7 073 7,010
6,447
' 6, 464
563
' 609
2
3, 647
1,741
1,020
1,728
1 027
1,105
n AKA
fi fi9ft
9 qoo
607
1,685
1,359
1,101
7, 105
r
1,718
1,043
573
1, 780
1 058
'568
1,576
1, 249
'1,622
' 1, 270
1,519
1,208
2
2
36 787
12, 215
555
320
299
326
322
311
309
'352
327
of the Dec. 1971 SURVEY (complete details appear in the Census Bureau Monthly Retail
Trade Report, Aug. 1971 issue. 9 Includes data for items not shown separately.
t Formerly Marketing/Communications advertising index. Series revised in June 1971;
comparable 1970 monthly data are in the SURVEY for that month (no comparable earlier data
are available).
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical
stores.
§ Except department stores mail order.
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
| 1971
Annual
June 1972
1971
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
DOMESTIC TRADE—Continued
RETAIL TRADEf— Continued
AH retail storesf— Continued
Estimated sales (seas, adj.)— Continued
Women's apparel, accessory stores
do
Drue and proprietary stores
Eating and drinking places
do
- do.
Gasoline service sfations..
do
General merchandise group with nonstores 9
- mil. $
General merchandise group without nonstores 9 §
mil. $_.
Department stores
..do
Mailorder houses (d6pt store mdse.)do
Variety stores
do
Liquor stores
do
Estimated inventories, end of year or month: t
Book value (unadjusted), total t
mil. $__
Durable goods stores 9
- do _
Automotive group
- do
Furniture and appliance group
do
Lumber, building, hardware group, -do
22,831
1,712
395
665
297
22, 926
1,750
405
690
297
23,045
1,755
413
696
283
22,941
1,729
389
694
285
23, 357
1,749
409
686
294
23,386
1,683
385
666
284
23,269
1,700
384
665
291
23, 689
1,775
397
699
304
23, 562
1,773
388
715
295
23,411
1,732
390
677
286
1,143
2,538
7,431
6,891
2, 343
1,135
2,584
7,492
6,947
2,362
1,133
2,574
7,418
6,867
2,390
1,124
2,567
7,411
6,878
2,433
1,167
2,614
7,478
6,950
2,511
1,138
2,573
7,516
6,993
2,523
1,133
2,632
7,391
6,851
2,494
1, 141
2,677
7,474
6,944
2,521
1,165
2,746
7,523
6,994
2,523
1,137
2,745
7,387
6,860
2,506
1,155
2,714
7,665
7,133
2,493
' 1, 178
'2,814
' 7, 720
' 7, 190
' 2, 534
1,176
2,739
7,696
7, 178
2,499
5,526
5,546
5,654
5,653
5,757
5,872
5,817
5,954
5,756
5,874
5,965 '6,088
6,027
5,076
3,427
342
577
714
5,092
3,413
345
596
718
5,194
3,503
358
584
754
5,150
3,472
354
571
734
5,251
3,511
384
577
741
5,315
3,618
370
571
754
5,247
3,554
382
568
748
5,387
3,641
395
577
742
5,261
3,607
345
572
728
5,376
3,578
396
599
727
5,486 '5,546
3,650 '3,664
399
'406
617
'632
753
'800
5,533
3,621
391
676
778
23,888 24, 363
1,741 ' 1, 767
409
'417
673
'671
287
'290
24,146 124,572
1,797
430
670
297
45,465
20, 014
8,832
3,396
2,733
49,134
22,438
11,197
3,470
2,794
49, 906
23, 166
11,608
3,512
2,947
49,956
23,490
11, 926
3,495
2,982
49,675
23,427
12,048
3,469
2,941
49, 352
23, 000
11, 698
3,433
2,897
48, 657
21, 759
10,453
3,462
2,815
50, 169
22,435
11, 080
3,504
2,814
51, 356
22, 575
11, 094
3,557
2,847
52,052
22, 759
11, 105
3,632
2,823
49, 134
22,438
11, 197
3,470
2,794
48,962
22,714
11,339
3,413
2,878
49, 929
23, 153
11, 633
3,479
2,969
51, 467
23, 808
12, Oil
3,563
3,053
52, 151
24, 156
12, 137
3,641
3,112
Nondurable goods stores 9
do
Apparel group
do
Food group
- --do
General merchandise group with nonstores
mil. $
Department stores
do
25,451
4,297
5,235
26,696
4,427
5,723
26,740
4, 527
5,361
26,466
4,446
5,383
26,248
4,388
5,427
26, 352
4,423
5,446
26,898
4,648
5,410
27,734
4,818
5,477
28,781
4,949
5,659
29,293
5,052
5^ 845
26,696
4,427
5,723
26,248
4,275
5,560
26, 776
4,447
5,566
27, 659
4,640
5, 700
27,995
4,707
5,724
9,553
5,429
10, 218
5,903
10,497
6,001
10,480
5,993
10, 331
5,861
10,383
5,897
10, 625
6,031
11,209
6,442
11, 793
6,846
11, 947
7,010
10, 218
5,903
10,091
5,845
10, 436
5,984
10, 992
6, 366
11, 155
6,454
Book value (seas, adj.), total J
_-__do
Durable goods stores 9
do __
Automotive group
-do
Furniture and appliance group
do
Lumber, building, hardware group— do
46, 555
20,490
9,021
3,451
2,809
50,474 48,809
23,124 22, 056
11,603 10, 699
3,523 3,470
2,858
2,872
49, 259
22, 509
11, 053
3,492
2,912
49,534
22,679
11, 318
3,472
2,900
49, 592
22,707
11,335
3,461
2,894
50, 299
23, 313
11, 987
3,476
2,846
50, 844
23, 769
12,380
3,494
2,848
50,800
23, 652
12, 259
3,467
2,884
50, 377
23,306
11, 890
3,466
2,843
50, 474
23, 124
11, 603
3,523
2,872
50,542
22,930
11, 305
3,533
2,931
50, 646
22, 958
11, 327
3,557
2,987
50, 890
23, 025
11, 331
3,585
2,984
51,213
23, 195
11, 386
3,598
3,018
Nondurable goods stores 9
_
— do
Apparel group .
_
do
Food group
do
General merchandise group with nonstores
. mil. $_
Department stores. ._ .
do
26,065
4,467
5,188
27, 350
4,602
5,672
26, 753
4, 522
5,361
26, 750
4,518
5,388
26, 855
4,547
5,454
26, 885
4,550
5,495
26,986
4,566
5,498
27,075
4,554
5, 521
27, 148
4,625
5,564
27, 071
4,626
5,647
27,350
4,602
5,672
27, 612
4,652
5,639
27, 688
4,627
5,622
27, 865
4,654
5,700
28,018
4,702
5,724
10,163
5,776
10,866
6,280
10, 572
6,049
10, 606
6,078
10,645
6,093
10, 596
6,042
10, 632
6,043
10,732
6,153
10, 648
6,134
10,609
6,133
10,866
6,280
10, 922
6,381
11,042
6,380
11, 215
6,470
11, 240
6,506
117,245
125,607
10,388
10,304
10,328
10, 372
10, 143
10, 275
10,639
11,352
15, 282
8,991
9,104 '10,839
10,397
5,475
819
1,875
1,473
4,344
2,859
1,508
5,741
750
2,123
1,498
4,693
2,716
1,600
515
63
184
151
364
217
127
477
70
175
126
382
254
122
464
66
169
119
362
246
136
417
51
155
108
376
256
131
455
52
165
127
405
263
119
472
55
174
137
367
221
131
483
62
184
121
384
218
147
529
75
199
129
380
215
142
854
129
335
180
630
227
209
351
52
124
90
360
195
138
46, 102
52,092
4,141
4,076
4,207
4,021
4,229
4,286
4,442
5,248
7,718
43,487
31, 893
5,417
49,008
36,544
5,398
3,911
2,920
449
3,827
2,871
438
3,966
2,997
423
3,746
2,807
409
3,974
2,958
419
3,996
2,996
416
4,143
3,092
426
4,939
3,625
490
7,434
5,583
889
43, 183
1,827
45,235
1,955
3,843
175
3,831
171
3,713
193
4,052
173
3,577
165
3,665
156
3,810
164
3,657
177
4,278
180
do. .
10, 342
10,496
10, 552
10,341
10, 571
10, 639
10,442
10, 845
do
do. _
do
do
do
479
63
176
129
379
206
502
76
183
129
384
248
475
66
179
113
375
235
486
66
177
125
376
237
480
64
176
126
425
253
462
60
170
123
387
213
462
57
171
124
397
210
494
65
184
127
394
228
4,224
4,245
4,361
4,255
4,314
4,525
4,433
3,993
2,970
451
3,990
2,969
453
4,119
3,068
447
3,974
2,952
443
4,052
3,012
442
4,243
3,180
450
4,151
3,123
437
3,779
163
3,874
158
3,852
167
3,766
152
3,842
169
3,774
172
Firms with 11 or more stores: t
Estimated sales (unadj.), total 9
_
. . do
Apparel group 9
do
Men's and boys' wear stores
do
Women's apparel, accessory stores
do
Shoe stores
do
Drug and proprietary stores
do____
Eating and drinking places
. . _ do
Furniture and appliance group
do
General merchandise group with nonstores 9
mil. $
General merchandise proup without nonstores §
,
mil. $..
Dept. stores, excl. mail order sales
do. _
Variety stores
do
Grocery stores _
Tire, battery, accessory dealers ._
Estimated sales (seas, adj.), total 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
do
.. do
General merchandise group with nonstores 9
mil $
General merchandise group without nonstores §
mil. $
Dept. stores excl mail order sales
do
Variety stores
do
Grocery stores _
Tire, battery, accessory dealers
do
do
All retail stores, accts. receivable, end of yr. or mo.: tf
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
Ch arge accounts. .
Installment accounts.
do
do
do
do
do
'496
'62
'178
'144
'396
'235
'137
449
63
158
122
386
225
133
3,300
3,395 '4,310
4,188
3,104
2,323
324
3,169 '4,036
2,313 ' 2, 938
362
467
3,956
2,907
459
3,652
123
3,688 ' 4, 118
121
'179
3,879
174
10,544
10, 690
10,866 '11,027
10, 976
490
64
188
122
410
239
465
62
170
119
394
212
4,605
4,431
4,309
3,225
447
4,205
3,161
446
3,671
163
3,821
170
3,701
147
462
60
173
122
411
219
'480
'68
'178
'125
'413
'237
488
73
171
135
419
213
4,459
4,538 '4,656
4, 532
4,212
3,114
475
4,279 ' 4, 373
3,160 ' 3, 214
500
487
4,274
3,116
512
3,773
160
3,907
160
' 3, 918
'192
4,045
167
22, 860
7,387
15, 473
9,001
13, 859
23,514
7,753
15, 761
9,385
14, 129
21,337
7,186
14, 151
8,658
12, 679
21, 531
7,303
14, 228
8,917
12, 614
21,632
7,576
14, 056
8,997
12,635
21, 332
7,481
13, 851
8,794
12,538
21,426
7,597
13,829
8,826
12,600
21,760
7,780
13, 980
8,975
12,785
21, 826
7,791
14, 035
9,032
12, 794
22,329
7,685
14,644
9,185
13, 144
23, 514
7,753
15, 761
9,385
14,129
22, 312 '21,855
7,331 ' 7, 278
14, 981 ' 14, 577
8,744 '8,695
13, 568 -•13,160
21, 900
7,359
14, 541
8,865
13, 035
22,006
7,393
14, 613
8,994
13,012
21, 394
7,214
14, 180
8,603
12,791
22,046
7,580
14, 466
8,986
13,060
21, 531
7,338
14, 193
8,704
12,827
21, 616
7,378
14, 238
8,794
12, 822
21, 638
7,423
14, 215
8,805
12,833
21, 706
7,392
14,314
8,829
12, 877
21, 847
7,507
14, 340
8,908
12,939
21, 964
7,605
14,359
8,982
12,982
21, 933
7,581
14, 352
8, 907
13, 038
22, 257
7,680
14,577
9,081
13, 176
22, 046
7,580
14, 466
8,986
13,060
21,858 '22,083
7,508 '7,510
14,350 '14,573
8,862 '9,067
12,996 '13,016
22, 249
7,633
14, 616
9,128
13,121
22,262
7,556
14,706
9,095
13, 167
r
Revised.
i Advance estimate.
fSee note marked "J" on p. 8-11.
JSeries revised
to reflect benchmarking to the levels of the 1968-70 Annual Retail Trade Reports (Census
Bureau), and also recalculation of seasonal factors for all lines of trade; description of revisions
323
43
121
85
365
197
133
and revised data appear on p. 55 ff. of the Dec. 1971 SURVEY (1968-70).
9 Includes data not
shown separately.
§Except department stores mail order.
cf See note marked ; on
p, S-ll; data prior to Feb. 1971 will be shown later.
SURVEY OF CURRENT BUSINESS
June 1972
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
| 1971
Annual
S-13
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May v
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas t-
mil._
1
204. 88 1207.05
206. 56
206. 72
206. 89
207. 05
207. 22
207.40
207. 59
207. 78
207. 94
208. 08
208. 20
208. 31
208.44
208. 56
85, 903
82 715
86, 929
84 113
79, 120
3,387
75, 732
4 993
85, 780
82, 898
78,204
3,505
74, 699
4 694
85, 954
83 104
78 709
3 598
75 111
4 394
87, 784
84 968
79, 478
3,920
75 559
5 490
88,808
86, Oil
80, 681
3,971
76, 710
5 330
88, 453
85, 678
80, 618
3,764
76, 853
5 061
86, 884
84, 135
79, 295
3,444
75, 851
4 840
87,352
84, 635
80, 065
3, 470
76, 595
4 570
87, 715
85 019
80, 204
3, 262
76, 942
4 815
87, 541 87, 147
84, 883 84 553
80, 188 79 106
2, 948
2 869
77, 240 2 76 237
4 695 2 5 44.7
87, 318
84, 778
79, 366
2, 909
76, 458
5, 412
87,914
85, 410
80, 195
3, 094
77, 101
5 215
87,787
85, 324
80, 627
3,287
77, 339
4 697
87, 986
85 567
81 223
3,531
77, 692
4 344
662
1,181
83,788
78, 732
3,540
75, 192
5,056
1,088
83, 986
78, 830
3 412
75 418
5 156
1,183
83,401
78, 600
3 301
75 299
4,801
1,175
83, 930
79, 014
3,374
75, 640
4,916
1,255
84, 313
79, 199
3,407
75, 792
5,114
1,291
84, 491
79, 451
3, 363
76, 088
5,040
1,250
84, 750
79, 832
3,416
76, 416
4, 918
1,253
85, 116
80, 020
3,419
76, 601
5,096
1,311
85, 225
80,098
3, 400
76, 698
5,127
1,273
85,707
80, 636
3,393
77, 243
5,071
1,198
85,535
80, 623
3, 357
77, 266
4,912
1,294
86,313
81, 241
3,482
77,759
5,072
1,224
86, 284
81, 205
3,324
77, 881
5,079
1,137
86,486
81, 394
3,353
78, 041
5 092
1,180
4.9
3. 5
4.8
15 3
4 5
8 2
2 6
5.9
4.4
5 7
16 9
5 4
9 9
32
6.0
4.4
5.9
17 0
5 6
9 8
32
6.1
4.5
59
17 4
56
10 5
32
5.8
4.3
5.6
16 2
5 3
9 4
31
5.9
4.3
5.7
16 5
5 4
10 0
31
6.0
6.0
5.9
5.7
5.9
5.9
5.8
5.8
5.0
5.4
16.7
56
9 4
17.3
5 4
10 4
32
5.5
5.4
3.7
3.6
3.2
3.5
3.4
3.4
3.6
7 K
3.0
3.6
5.9
4.3
59
15 7
53
10 7
29
3.5
6.0
4.5
5.7
16 9
5 4
10 4
33
3.4
7 7
5.8
4.3
5.5
16 7
5 3
10 4
30
2.8
6.1
4.5
5.8
17 1
5 6
9 9
32
3.5
5.2
6.2
6.3
6.1
10 0
7 0
10 3
10.2
6.7
7.0
6.2
6.4
6.2
9.7
6.6
6.7
11.2
7.5
11 0
6 9
7 3
6.2
9.7
6.9
7.0
6.1
10 4
68
70
6.2
9.9
6.8
6.9
6.3
5.6
5.7
6.1
9.8
6.7
6.8
5.9
9 7
6.4
6.9
6.7
9 8
6 4
6 7
70, 616
58, 081
70,699
57 841
70, 309
57 331
70, 738
57 745
71, 355
58 422
70,452
58,114
70, 542
58, 281
71,184
58, 500
71,379
58 337
71,638
58, 479
72,034
58, 805
70,643
57,462
70,776 '71,374 '71,934
57 442 ••57,980 '58 542
72,451
59 014
70, 616
58, 081
622
3,345
19 369
11, 198
70 699
57,841
601
3 259
18 610
10 590
70 599
57, 768
623
3,282
18 639
10 598
70 769
57, 911
622
3 275
18 702
10 651
70 657
57, 819
619
3 255
18 608
10 598
70 531
57,719
597
3,228
18,533
10,552
70, 529
57, 686
609
3,219
18, 457
10,485
70 853
57, 998
616
3,250
18, 616
10, 597
70 848
57,913
521
3,290
18 560
10 561
71, 042
58, 055
525
3,320
18,603
10,572
71, 185
58, 147
607
3,245
18, 566
10 548
71,584
58,486
616
3,320
18609
10574
71 729 r 72 030 '72 269
58I568 '•58, 823 '59,031
••613
612
'604
3 236 ' 3, 272 ' 3, 252
18690 P 18 777 '18 867
10 637 10 696 '10 766
72 475
59,179
603
3 260
18 959
10 841
242
572
193
580
194
567
196
570
193
574
191
579
191
583
190
591
189
597
186
601
184
600
LABOR FORCE §
Labor force, persons 16 years of age and over, .thous. _
Civilian labor force
do
Employed, total
do. _
Agriculture.
do
Nonagricultural industries
do. _.
Unemployed.do
Seasonally Adjusted %
Civilian labor forcet
__
._
do
Employed, total
.
do
Agriculture
... do
Nonagricultural industries.
do. . .
Unemployed
do
Long-term, 15 weeks and over
_..do
Rates (unemployed in each group as percent
of total in the group) \%
All civilian workers
Men, 20 years and over_
Women, 20 years and over
Both sexes, 16-19 years
White
Negro and other races
Married men .
Occupation: White-collar workers
Industry of last job (nonagrlcultural):
Private wage and salary workers
Construction
Manufacturing.
Durable goods
_
78, 627
3,462
75, 165
4 088
O Q
17 8
53
10.6
8
1
5
8
17.9
3.3
3.5
5.9
6.1
9.8
6.2
6.3
18
5
10
2
5.3
10.5
2.8
C Q
10 3
6 0
6.1
17 3
5 4
9 6
29
3.4
R o
5.9
10.6
5.8
5.8
3.6
6.8
6
12
6
6
0
5
0
3
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seasonal variation .. thous ._
Private sector (excl. gov't)
do
Seasonally Adjusted
Total..
thous
Private sector (excl. gov't)...
do
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
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
_
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, nec_ ..do
Leather and leather products
. do..
Transportation, communication, electric, gas,
and sanitary services
thous..
Wholesale and retail trade
I do
Wholesale trade.
do
Retail trade
do
Finance, insurance, and real estate
. do .
Services
do
Government.. _.
do
Federal
do
State and local
do
460
459
452
457
458
456
465
467
470
183
604
474
478
632
1,176
1,331
1,793
1,793
1, 719
434
412
8,018
1,748
640
1,186
1,336
1,784
1,792
1,716
436
419
8,035
1,757
182
603
183
604
484
481
'184
'602
'486
'646
' 1, 220
1,364
' 1, 802
' 1, 827
' 1, 768
'441
'426
'8 101
' 1, 752
187
599
490
638
1,315
1,380
1,977
1,923
1,807
459
426
8,171
1,782
628
1,225
1,332
1,791
1,788
1,751
432
411
8,020
1,754
628
1,270
1,333
1,784
1,789
1,745
426
410
8,041
1,753
633
1,272
1,339
1,783
1,793
1,768
429
411
8,051
1,758
629
1,259
1,333
1,769
1,783
1,759
430
411
8,010
1, 751
625
1,226
1,335
1,770
1,773
1,751
431
410
7,981
1,762
633
1,182
1,346
1,794
1,791
1.758
435
412
8, 019
1, 755
631
1,187
1,341
1,791
1,793
1,720
437
408
7,999
1, 728
634
1,178
1, 339
1, 797
1,791
1, 732
436
408
8,031
1,750
77
956
69
959
627
1,156
1,331
1,775
1,772
1,754
430
410
7,972
1,748
1,372
706
1,107
1,051
190
580
322
1,362
688
1,088
1,015
190
582
308
1,374
690
1,088
1,021
190
577
311
1,373
681
1,091
1,024
190
582
311
1,357
682
1,088
1,016
189
583
311
1,349
676
1,083
1,008
188
584
303
1,351
681
1,080
1,004
188
582
309
1,361
694
1,082
1,008
190
591
306
1,365
693
1,085
1,008
189
594
305
1,370
691
1,084
1,008
189
592
306
69
974
71
979
1,357
690
1 084
1,005
191
594
306
1,353
688
1 090
1,003
188
600
306
981
988
'989
994
1,365 ' 1,365 '1,376
1,366
689
692
'697
701
1 090 r I 092 ' 1 092 1 095
1,003 r I, 002 '1,000
1^004
192
' 190
191
189
604
612
'618
626
309
309
312
314
4,504
14, 922
3,824
11, 098
3,690
11, 630
12, 535
2,705
9,830
4,481
15, 174
3,855
11,319
3,800
11,917
12, 858
2,664
10, 194
4, 505
15, 107
3,854
11, 253
3,769
11, 843
12, 831
2,667
10, 164
4,518
15, 148
3,866
11,282
3,788
11, 858
12, 858
2,667
10, 191
4,500
15, 135
3,837
11, 298
3,807
11, 895
12, 838
2,640
10, 198
4,476
15, 158
3,835
11, 323
3,806
11,921
12, 812
2,643
10,169
4,428
15,223
3,844
11, 379
3,804
11, 946
12,843
2, 650
10, 193
4,460
15, 273
3,865
11, 408
3,821
11, 962
12, 855
2,674
10, 181
4,442
15, 270
3, 873
11,397
3,834
11,996
12,935
2,675
10, 260
4,434
15,278
3,874
11, 404
3,851
12,044
12,987
2,669
10, 318
4,465
15,315
3,884
11, 431
3,860
12, 089
13, 038
2,669
10, 369
4,502
15,447
3,902
11,545
3,872
12,120
13,098
2, 675
10,423
4,479 ' 4, 536
15,495 '15,518
' 3, 941
11,582 11, 577
3,879 ' 3, 890
12,177 ' 12, 217
13,161 r 13, 207
2,672
2,669
10,489 ' 10, 538
47, 766
13,487
47, 296
13, 357
47, 708
13, 441
48, 322
13, 611
47, 995
13, 315
48, 180
13,524
48, 397
13, 738
48, 243
13, 616
48, 384
13, 605
48,712
13, 514
47,381
13,373
47,343 '47,857 '48,376
13,465 '13,572 '13,627
13,487
7,612
96
500
378
499
965
1,012
1,170
13, 502
7,612
97
488
372
498
1, 008
1,014
1,163
13, 569
7, 667
98
491
375
502
1,012
1,020
1,159
13, 496
7,627
95
495
378
499
996
1,013
1,152
82
978
Production (or nonsupervisory) workers on private
nonagricultural payrolls, not seas, adj thous... 47, 950
Total on manufacturing payrolls
do
14, 033
Seasonally Adjusted
Total on manufacturing payrolls
do. . . . 14, 033
Durable goods
..
do
8,043
Ordnance and accessories
do. ..
131
493
Lumber and wood products
.do
379
Furniture and
fixtures
...do....
507
Stone, clay, and glass products
do....
Primary metal industries
do
1,043
Fabricated metal products
do
1,051
Machinery, except electrical
do -.
1.319
74
962
79
958
78
963
2
' Revised.
* Preliminary.
1 As of July 1.
See note § below.
§Effeetive Jan. 1972, data reflect adjustment to the 1970 Census of Population. Civilian labor
force, nonagricultural employment, and unemployment figures for Jan. 1972 are raised by
about 0.4% over the 1960-based figures. For comparison of Jan. 1972 (and subsequent months)
with pre-1972 data, the following approximate amounts (in thous.) should be added to the
461
70
959
72
960
69
963
71
970
641
1 187
1,345
1, 798
1 803
1,736
438
423
8 053
1, 749
71
645
1,213
••1,366
1,792
' 1, 812
' 1,743
••439
'425
' 8 081
r
1 757
r
73
'75
' 4, 522
'15,636
' 11, 685
' 3, 899
658
1 223
1,'378
1 825
1 838
1,778
443
422
8 118
1 755
74
4,536
15,617
3 957
11 660
3,918
12 286
•10 OQfi
' 13, 238
9 'fifiS
2, 669
' 10, 569 in R98
48, 751
13,711
13, 841
13,440 13,371 13,515 13,462 13, 505 13, 474 13,527 13,597 '13,677 '13,770
7,873
7, 629
7,685 ' 7, 741 '7,813
7,594
7,600
7, 614
7,630
7,534
7,594
92
90
90
89
89
90
92
94
93
•94
93
516
520
'518
519
'520
516
515
519
509
503
500
406
395
'402
397
'400
391
384
383
388
375
380
525
'515
510
511
514
502
502
504
502
497
496
976
'970
934
937
961
920
932
922
926
901
965
1 053
1, 016
1,024 ' 1, 034
1,011
1,020
1,026
1,018
1,016
1,016
1,201
1,168
1,174 ' 1, 185
1,178
1,174
1,177
1,175
1,171
1,159
1,156
earlier figure: Civilian labor force, 330; nonagricultural employment, 290; unemployment, 30.
Unemployment rates are unaffected.
, , ,
„,„„-«wft
{Effective Feb. 1972 SURVEY, labor force data reflect new seasonal? factors; comparable
figures for prior periods appear in EMPLOYMENT AND EARNINGS, Feb. 1972 (USDL, Bureau oi
Labor Statistics).
fSee note "t," P- S-14.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown in
the 1971 edition of BUSINESS STATISTICS
1970
1972
1971
1971
Annual
June 1972
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May v
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT— Continued
Seasonally Adjusted
Production workers on mfg. payrolls— Continued
Durable goods— Continued
Electrical equipment and supplies
thous..
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, nec__
do
Leather and leather products.. _
do
1,268
1,246
277
329
5,990
1,199
68
858
1,203
544
681
603
116
443
275
1,180
1,238
257
318
5,875
1,180
61
844
1,191
526
665
583
116
448
262
1,177
1,225
253
317
5,890
1,181
66
840
1,202
527
666
584
116
443
265
1,184
1,253
255
318
5,902
1,184
65
845
1,204
519
667
588
116
448
266
1,179
1,246
256
318
5,869
1,178
64
838
1,188
520
667
585
115
449
265
1,169
1,244
257
318
5,846
1,188
56
841
1,179
515
661
582
115
450
259
1,167
1,248
256
318
5,837
1,179
56
841
1,180
520
658
577
115
447
264
1,185
1,251
260
319
5,885
1,185
58
842
1,189
533
661
582
116
458
261
1,190
1,216
261
316
5,862
1,156
56
845
1,193
532
663
581
116
460
260
1,189
1,230
261
314
5,891
1,177
58
851
1,198
530
661
581
116
458
261
1,191
1,221
259
319
5,880
1,175
57
855
1,185
529
661
580
118
459
261
1, 192
1,219
260
325
5,898
1,183
58
862
1,180
528
666
581
114
464
262
1,205
1,234
261
330
5,912
1,177
58
862
1,190
529
666
578
119
468
265
'1,212
' 1, 243
262
'332
'5,936
' 1, 183
61
'869
1,191
'532
666
'576
117
476
265
' 1, 226
' 1, 268
265
'333
'5,957
' 1, 180
62
871
' 1, 201
535
'667
'577
'116
'480
268
1,234
1,274
267
329
5,968
1,180
62
874
1,194
539
667
581
115
486
270
37.0
36.7
42.2
37.1
39.5
39.8
2.9
36.9
36.8
42.4
36.8
40.0
40.0
3.0
37.1
37.3
42.3
37.2
40.2
40.0
2.9
36.9
37.3
42.2
37.1
39.8
40.0
3.0
36.9
37.4
42.0
37.1
39.8
39.8
2.9
36.7
37.0
41.9
35.7
39.8
39.5
2.8
37.0
37.0
42.5
37.6
40.0
39.8
3.0
37.1
37.0
42.3
39.0
40.2
40.1
3.0
37.2
37.3
42.6
36.8
40.7
40.3
3.1
37.0
36.7
43.0
37.4
39.8
40.0
2.9
37.2
36.8
42.5
37.3
40.1
40.5
3.2
37.1
36.9
'42.9
37.5
40.3
40.4
3.3
'37.2
' 36. 9
42.3
'36.8
40.5
40.8
'3.6
37.0
36.9
42.2
36.5
40.5
40.5
3.3
HOURS AND MAN-HOURS
Seasonally Adjusted
Average weekly gross hours per production worker
on payrolls of private nonagric. estab
hours ..
Not seasonally adjusted
do
"~37.T ~~~~37~6~
Mining
.do
42.4
42.7
Contract construction
..
do .
37.4
37.3
Manuf acturing : Not seasonally adjusted _ . _ do
39.9
39.8
Seasonally adjusted
do
2.9
Overtime hours
. . .
do ..
•3.0
40.3
2.9
40.6
39.7
39.2
41.2
40.5
40.7
41.1
39.9
40.3
40.1
38.7
40.4
2.9
41.7
40.3
39.8
41.6
40.4
40.3
40.6
39.9
40.7
39.8
38.9
40.3
2.8
41.5
40.1
39.5
41.1
41.0
40.1
40.0
39.8
40.6
39.7
38.6
40.5
2.9
41.5
39.8
39.9
41.4
41.0
40.7
40.5
39.9
41.1
40.0
38.9
40.6
2.9
41.6
40.4
39.9
42.0
41.0
40.6
40.7
39.9
41.4
39.7
38.7
40.4
2.8
41.9
40.5
40.1
41.8
40.6
40.7
40.7
40.1
39.5
39.8
39.2
40.0
2.8
41.9
40.2
39.9
41.8
38.8
40.2
40.8
40.0
39.9
39.8
39.2
39.7
2.7
41.7
40.1
39.4
41.4
39.5
39.3
40.5
39.6
38.5
39.7
38.7
40.3
2.8
41.8
40.7
39.7
41.8
40.1
40.1
40.8
39.9
40.5
39.9
38.9
40.6
2.9
41.9
40.8
40.0
41.9
40.1
40.4
41.1
40.1
40.5
40.2
39.1
40.9
3.0
42.0
40.8
39.9
41.6
41.0
40.9
41.3
40.3
41.7
40.4
39.2
40.6
2.9
41.2
40.9
40.3
41.8
40.6
40.4
41.0
40.1
40.7
40.3
39.0
41.1
3.2
42.4
40.9
40.7
42.0
41.1
41.0
41.4
40.7
41.9
40.8
39.6
41.0
3.3
'42.3
40.9
40.5
42.2
'41.3
'40.8
41.4
40.3
'42.1
40.3
39.3
41.5
3.6
'42.5
'41.1
40.7
'41.9
'41.5
'41.3
'41.8
'40.8
'42.9
'40.7
39.6
41.2
3.4
42.2
40.8
40.4
41.7
41.4
41.1
41.5
40.3
42.3
41.1
39.2
39.1
3.0
40.5
37.8
39.9
35.3
39.3
3.0
40.3
37.0
40.6
35.5
39.2
2.9
40.5
37.5
40.4
35.1
39.4
3.0
40.5
38.3
40.8
35.5
39.3
3.1
40.4
36.2
40.8
35.4
39.3
3.0
'40.2
39.6
40.3
35.8
39.3
3.1
'40.1
37.1
40.7
35.7
39.1
3.1
'40.1
36.6
40.4
35.4
39.3
3.0
40.0
34.7
40.8
36.0
39.5
3.0
'39.9
35.6
41.1
36.2
39.5
3.0
'40.4
35.6
41.0
35.9
39.4
3.1
40.1
34.8
41.3
35.7
39.6
3.2
'40.2
33.6
41.2
36.2
39.6
3.3
'40.6
'34.4
41.4
35.8
39.9
'3.4
'40.8
'33.8
'41.7
'36.0
39.6
3.1
40.5
33.9
41.1
35.7
41.9
37.7
41.6
42 7
40.3
37.2
42.1
37.6
41.6
42.4
40.3
37.7
42.3
37.5
41.7
41.7
40.3
38.3
42.1
37.7
41.5
41.7
40.4
37.8
42.3
37.7
41.7
42.3
40.7
37.5
42.4
37.6
41.4
42.6
40.3
37.7
42.4
37.5
41.5
43.4
40.1
37.6
41.9
37.4
42.1
42.9
40.0
37.3
42.0
37.5
41.5
42.4
40.3
37.9
42.3
37.6
41.4
41.8
40.6
38.3
42.3
37.5
41.7
42.7
40.9
37.9
42.1
37.5
41.8
42.2
40.8
38.0
42.6
37.5
41.8
42.0
41.0
38.5
42.7
'37.6
'41.8
41.7
41.2
38.2
'43.0
38.0
41.7
42.2
41.4
'39.1
42.5
37.7
41.6
41.4
41.3
38.6
40.5
35.3
40.0
33.8
36.8
34.4
40.2
35.1
39.8
33.7
37.0
34.2
40.6
35.2
39.6
33.7
36.9
34.1
40.0
35.1
39.8
33.7
37.0
34.1
40.7
35.2
39.9
33.7
37.0
34.1
38.0
35.3
39.6
33.8
37.1
34.4
40.5
35.1
39.7
33.6
37.3
34.3
40.6
35.1
39.7
33.6
37.0
34.2
40.3
35.2
39.8
33.8
36.9
34.2
40.4
35.2
39.9
33.7
36.9
34.1
40.5
35.3
40.0
33.9
37.0
34.2
40.0
35.1
39.7
33.7
37.3
34.1
40.4
35.1
40.0
33.5
37.1
34.2
'40.6
35.1
39.9
33.6
37.1
'34.0
40.6
35.2
'40.0
'33.7
'37.0
'34.0
40.5
35.2
40.1
33.8
37.1
34.0
138. 11
137. 87
137. 56
138. 07
137. 99
137. 91
137.67
137.64
138.07
138. 92
139.17
139. 57
140.36 '140. 78 '141.73
141. 80
97.3
100.9
102.4
96.3
94.2
93.6
95.5
98.8
92.7
89.2
93.7
99.7
99.3
92.5
88.9
94.4
100.1
98.3
93.5
90.2
94.1
99.0
98.5
93.1
90.0
'93.1
94.4
97.4
'92.3
89.0
92.5
96.7
97.1
'91.5
87.7
'92.3
97.7
94.4
'91.8
87.8
93.3
79.5
100.7
92.5
89.0
94.5
79.6
105.5
93.1
89.5
94.1
97.4
96.7
93.5
90.2
94.7
100.0
101.3
93.4
89.9
95.3
98.7
97.5
'94.8
91.9
'96.7
'96.5
'96.8
'96.8
'94.1
96.4
95.9
96.3
96.5
94.1
73.3
93.7
98.1
100.6
55.2
96.4
99.3
99.8
55.4
93.8
97.1
98.4
56.0
93.6
98.9
99.9
54.4
95.8
99.6
100.8
53.6
97.0
100.7
99.7
54.2
96.9
98.9
99.9
53.9
97.8
99.7
99.9
53.5
100.4
100.7
100.9
53.1
101.5
102.5
101.5
52.0
100.9
103.1
100.4
51.0
101.9
105.2
102.5
51.9 '51.8 '52.6
101.7 ' 101. 9 ' 102. 0
106.7 '107.0 ' 108. 1
104.3 ' 103. 8
103.2
96.8
97.9
93.1
89.6
93.4
81.5
94.9
93.0
79.8
95.3
95.0
80.6
93.8
94.1
80.5
90.0
94.6
80.8
80.3
93.4
81.2
84.0
92.2
81.7
85.8
93.6
82.0
84.9
94.1
83.0
86.6
94.6
83.2
87.1
93.9
82.2
88.4
96.0
83.7
'91.1
'96.5
83.4
'92.4
'98.4
'85.0
92.8
99.0
85.5
Electrical equipment and supplies
do...
88.2
88.9
88.5
88.6
95.1
Transportation equipment
do. . .
90.9
87.7
90.8
88.7
88.8
Instruments and related products . do
87.5
86.5
88.2
87.8
95.8
Miscellaneous manufacturing ind
do. . .
92.2
92.7
95.6
92.5
91.7
Nondurable goods .
do
98.3
97.7
97.7
99.3
97.8
Food and kindred products
do._.
98.0
100.1
98.5
98.0
98.8
Tobacco manufactures, _ _
do
87.4
81.4
90.5
78.7
86.9
Textile mill products
do...
99.2
98.4
98.5
98.5
97.6
Apparel and other textile products
do...
95.2
94.4
95.9
95.0
94.7
r
Revised.
J> Preliminary,
t Revisions (back to 1960), to adjust to the 1970 Cerisus, appe arin"Est imates of the Pop ula-
88.2
86.6
88.0
93.4
87.9
87.8
87.7
93.4
88.3
84.9
88.8
92.5
89.4
86.8
89.6
92.1
89.7
87.8
90.3
92.0
90.3
89.8
90.1
93.7
90.0
87.5
90.2
95.0
92.3
91.2
91.7
98.0
'91.9
'92.3
90.9
'97.8
'94.1
'95.9
'92.8
'98.8
93.6
95.0
94.5
96.7
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
Machin ery, except electrical
do ,
Electrical equipment and supplies
do
Transportation equipment
do
Instruments and related products
do
Miscellaneous manufacturing ind__ . do
Nondurable goods
do
Overtime hours
_
do
Food and kindred products
do
Tobacco manufactures. _
do
Textile mill products
do
Apparel and other textile products
do
Paper and allied products..
do
Printing and publishing
do
Chemicals and allied products. _ . do
Petroleum and coal products
do_.
Rubber and plastics products, nee
do
Leather and leather products
do
Trans., comm., elec., gas, etc.
do
Wholesale and retail trade _ _
do
Wholesale trade
._do..Retail trade _
do
Finance, insurance, and real estate
..do
Services
_
do
Seasonally Adjusted
Man-hours, all wage and salary workers, nonagric.
establishments, for 1 week in the month, seas,
adjusted at annual rate _
bil. man-hours
Man-hour indexes (aggregate weekly), industrial
and construction ind., total
...1967=100..
Mining. . _
do
Contract construction
do
M anuf acturing
do
Durable goods
do
Ordnance and accessories. _
Lumber and wood products
Furniture and
fixtures
Stone, clay, and glass products
Primary metal industries..
Fabricated metal products
Machinery, except electrical.
do
do
do
_ .do _
do. _ .
do. . .
do
98.4
98.3
'97.3 '97.1 '97.5
97.5 '98.3
97.7
95.2 '96.7 '97.8
'98.4 '97.4 '97.9
70.9
68.2
71.2
73.0
72.5
77.9
74.5
102.4
99.2
100.9
97.5
98.5
100.6
97.9
94.6
96.4
97.3
94.6
94.5
95.5
94.7
tionc f the United Stat es and C omponer its of Ch ange: 194 0
of the Census.
'96.0
'99.8
'99.3
'95.3
92.4
53.4
100.9
108.4
105.3
99.9
'99.1 '99.6 ' 100. 6
98.4
'97.4 '98.9 '99.1
73.8
68.4 '73.7 '73.6
102.2 ' 103. 5 ' 104. 5 103.4
95.7
95.7 '97.1
96.7
to 1972" (P-25, No. 481) Bureau
SURVEY OF CUEEENT BUSINESS
June 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970 |
1971
1971
Annual
S-15
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
'102.
'99.9
'97.
'100.
'121.0
'90.4
101.7
99.1
98.2
97.3
122.2
89.9
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURS AND MAN-HOURS— Continued
Man-hour indexes, seas, adjusted— Continued
Manufacturing indus., nondurable goods— Con.
Paper and allied products.1967=100
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. . .
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
Avg. weekly gross earnings per prod, worker on
payrolls of private nonagric. estab.
dollars .
Mining
do
Contract construction—.
do..
Manufacturing establishments
do...
Durable goods
do
Ordnance and accessories
do...
Lumber and wood products.
do...
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries—
...do...
Fabricated metal products
do. . .
Machinery, except electrical
do
Electrical 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
Trans., comm., elec., gas, etc
do
Wholesale and retail trade.
do
Wholesale trade
do
Retail trade...
do
Finance, insurance, and real estate
do
Services
do
101.2
101.3
101.8
101.6
108.7
88.4
119.46
163. 97
196.35
133. 73
143. 47
146. 57
117. 51
108. 58
140. 08
159. 17
143. 67
154. 95
130. 87
163. 62
134. 34
109. 13
120. 43
127. 98
110.38
97.76
84.37
144. 14
147. 78
153. 50
182. 76
128. 96
92.63
155. 93
95.66
137. 60
82.47
113. 34
96.66
Spendable earnings per worker (with 3 dependents), total private sectorf _. .current dollars
104.61
89.95
1967 dollars..
Manufacturing
current dollars
115.90
99.66
1967 dollars..
Avg. hourly gross earnings per prod, worker on pay3.22
rolls of private nonagric. estab
dollars
Mining
do
3.84
Contract construction....
do
5.25
Manufacturing
do
3.36
3.24
Excluding overtime
do
Durable goods
do
3.56
Excluding overtime
do
3.43
3.61
Ordnance and accessories _
_
do. .
2.96
Lumber and wood products
do
2.77
Furniture and
fixtures
do
3.40
Stone, clay, and glass products
do
3.93
Primary metal industries
do. ...
3.53
Fabricated metal products.
do
3.77
Machinery, except electrical
do
3.28
Electrical equip, and supplies
do
Transportation equipment
do
4.06
Instruments and related products
do
3.35
2.82
Miscellaneous manufacturing ind
do
Nondurable goods
do
3.08
Excluding overtime
do
2.97
3.16
Food and kindred products
do
2.92
Tobacco manufactures
do
Textile mill products
.
do
2.45
Apparel and other textile products
do
2.39
3.44
Paper and allied products
do
Printing and publishing
do. . . 3.92
Chemicals and allied products
do
3.69
Petroleum and coal products
do
4.28
Rubber and plastics products, nee
do
3.20
2.49
Leather and leather products
do
Trans., comm., elec., gas, etc
do
3.85
Wholesale and retail trade
do
2.71
Wholesale trade
do
3.44
Retail trade
__.
do"""
2.44
Finance, insurance, and real estate
do
3.08
Services
do
2.81
Miscellaneous hourly wages:
Construction wages, 20 cities (E NR) : <?
g,°?™<>nlabor
$perhr__
Skilled labor. _ _
do
Farm, without board or rm., 1st of mo
do
Railroad wages (average, class I)
do.. II
e
ed
5.224
7.314
1.64
*3.939
98.3
98.3
98.5
100.7
110.0
85.3
99.0
98.4
98.9
98.9
108.7
87.6
99.2
97.4
99.5
101.7
111.5
84.0
99.2
97.9
98.0
100.6
112.9
85.0
99.6
97.9
97.7
99.1
113.2
86.2
99 4
97.7
98.3
103.0
114.3
85.3
98.7
98.4
98.7
98.4
115.3
85.9
100.1
98.4
98.2
102.2
116.8
88.0
127.57
172. 10
213. 94
143. 51
155.04
160. 93
129. 65
116. 29
155. 24
173. 87
153. 38
162. 39
139. 95
183. 85
140. 10
114. 46
128. 44
136. 89
121. 44
104. 96
87.69
155. 24
158. 34
164. 30
195. 11
137. 57
98.30
169. 32
101. 60
146. 40
87.72
121. 36
101. 57
129. 03 129. 13
173. 43 174. 72
216. 41 220. 23 216. 23
142.09 141. 69 143. 28
151.98 151.60 153. 20
160. 66 161.80 163. 41
128. 88 129.20 129. 68
115. 53 118.78 118. 00
155. 40 157. 78 157. 13
170. 53 166.45 171. 83
150. 72 151.13 150. 42
161.20 162.01 164. 02
139. 00 140.00 140. 80
172. 97 171.74 172. 82
140.23 140.58 142. 80
113. 48 115.64 115. 14
129.63 129. 17 130. 75
137.63 135.94 138. 24
130. 87 119.31 114. 53
102. 66 104.86 104. 75
89.82
90.00
88.43
157. 30 158.53 159. 09
158.30 159. 47 161. 36
164. 79 164. 79 169.66
197.80 195.53 199. 45
137. 94 139.04 140. 94
96.68
97.38
98.56
162. 43 172.98 176. 66
103. 61 103. 68 102. 08
146. 43 147.63 147. 68
87.62
89.18
89.78
122. 06 123. 09 121. 77
103.66
103. 70 103.75
129.13
167.78
225.38
144.00
154.71
163.44
131. 61
118. 37
157.03
172. 70
151.93
164.83
140.75
182.04
142.36
116.33
129.63
135. 54
108.72
106.19
90.47
157. 78
160.55
166.00
198.09
140. 48
99.15
174.56
101.85
148.06
87.10
122.47
103.32
128.76
165.82
223.61
144.72
155.88
162.96
129.92
118.37
155.45
173.96
153.47
166.04
142. 21
182.48
144. 18
117.32
130.28
136.34
109.96
107.23
91.48
158.15
160. 55
166.40
195. 77
141. 17
100.22
175.80
101. 56
148.85
86.84
122. 10
103.36
130.92
182.76
216.45
150. 18
162. 70
168.75
130.15
121.88
155.58
184.50
159.83
174. 30
147. 24
196.35
147.70
120.48
133 73
142.51
118.44
108.73
91.55
162.64
165.68
170.11
196.70
145.44
102.56
179.05
103. 31
152.74
89.00
123.58
104.65
129. 92
183. 60
214. 44
147. 66
159. 58
165.97
128. 40
118. 31
153. 78
184. 78
155. 59
170. 56
144. 00
186. 76
147. 17
118. 81
132. 16
140. 10
113. 21
109. 75
90.37
159. 64
161. 39
170. 56
201. 83
143. 72
101. 99
177. 51
103.06
151. 27
88.31
126. 82
104. 75
130.64
181 02
215. 28
149.17
161. 17
170.49
129.68
119.00
155.74
186.55
157. 16
173.47
145.52
191.58
149.08
119.95
133.28
139. 79
111.55
111.11
92.62
161 63
162. 19
171.39
202. 03
144. 08
103. 95
180.10
103.11
151.65
87.78
126. 14
105.74
116. 74 117. 60 ' 118.19
94.84 '95.08
94.30
131.26 ' 132.47 134. 00
106.03 ' 106.83 107. 80
118. 77
95.24
134. 31
107. 71
3.57
'4.30
5.97
'3.74
'3.60
3.99
3.84
'4.02
'3.22
3.01
3.82
'4.57
3.92
4.21
3.63
' 4. 67
3.70
3.06
3.41
3.28
'3.56
'3.39
2.71
2.57
'3.84
'4.39
4.11
4.88
3.54
2.70
'4.50
2.99
'3.83
2.67
'3.41
3.11
3.59
4.34
'6.00
3.77
3.62
4.01
3.86
'4.05
' 3. 24
3.02
'3.84
'4.60
3.95
4.23
'3.64
4.71
3.71
' 3. 08
'3.43
3.29
3.58
'3.45
2.72
2.58
'3.85
'4.43
' 4. 12
'4.95
'3.56
'2.70
'4.52
'3.00
'3.85
2.68
'3.43
3.12
3.61
4.35
6.03
3.78
3.64
4.03
3.88
4.08
3.28
3.02
3.87
4.64
3.96
4.24
3.66
4.73
3.74
3.08
3.43
3.31
3.59
3.46
2.71
2.57
3.86
4.46
4.13
4.93
3.57
2.71
4.53
3.00
3.85
2.68
3.43
3.12
6.333
8.763
6.345
8.818
1.84
97.0
99.1
99.1
98.9
110.2
86.8
97.7
99.1
99.1
99.5
111.3
85.7
126. 91 124.05 125.49
171. 72 170. 89 171. 30
213. 36 205. 35 209. 05
142. 44 139. 83 142.00
153. 52 150. 40 153. 09
160. 55 156. 94 158. 12
126. 54 123. 11 125. 42
115.42 111. 25 113. 76
152. 26 147. 55 151.01
170. 89 171. 39 170. 57
150. 72 147. 26 162. 22
161. 99 158. 00 160. 79
139. 85 136. 72 138. 90
180. 71 175. 12 182. 52
140. 49 137. 86 140. 10
115. 14 113. 19 114. 07
128. 12 125. 65 127. 01
136. 21 134. 13 136. 21
116. 55 118. 91 125. 07
104. 34 102. 00 103. 94
88.40
86.45
87.69
154. 93 151. 26 152. 04
154.
42
157.
17
157. 92
163. 90 162. 57 161. 85
194. 19 193. 73 194. 65
137. 42 134. 06 136. 21
97.64
97.52
95.98
169.24 164. 82 164. 37
100. 74
99.18
99.88
146. 07 142. 63 145. 33
86.61
85.58
85.25
121. 36 120. 29 121. 77
102. 26 100. 64 101. 02
97.9
97.2
97.3
102.0
109.1
85.6
127. 94
179 f\^
112. 12
92.43
124. 24
102. 42
109. 86
91.40
122. 21
101.67
111.00
91.89
123.90
102. 57
112.64
92.71
125. 07
102. 94
112. 93
92.72
123. 97
101.78
113.79
93.19
123. 65
101. 27
113.86
93.18
124. 89
102. 20
113. 86
93.02
125.45
102.49
113. 57
92.63
126.01
102. 78
115.28
93.65
130. 25
105. 81
116. 18
94.30
130. 09
105. 59
3.43
4.05
5.72
3.57
3.44
3.80
3.67
3.85
3.14
2.90
3.66
4.23
3.74
3.99
3.50
4.44
3.53
2.96
3.26
3.14
3.38
3.15
2.57
2.49
3.68
4.20
3.94
4.58
3.41
2.59
4.21
2.87
3.67
2.57
3.28
2.99
3.38
4.04
5.55
3.54
3.42
3.76
3.64
3.80
3.07
2.86
3.59
4.17
3.70
3.95
3.47
4.40
3.49
2.94
3.23
3.12
3.37
3.24
2.55
2.47
3.61
4.14
3.88
4.58
3.36
2.58
4.10
2.85
3.62
2.56
3.26
2.96
3.41
4.04
5.65
3.55
3.43
3.78
3.66
3.81
3.12
2.88
3.63
4.15
3.74
3.97
3.49
4.43
3.52
2.94
3.24
3.13
3.38
3.30
2.56
2.47
3.62
4.18
3.90
4.58
3.38
2.58
4.13
2.87
3.67
2.57
3.30
2.98
3.42
4.04
5.63
3.57
3.44
3.80
3.67
3.85
3.17
2.90
3.67
4.21
3.75
3.99
3.49
4.43
3.52
2.95
3.26
3.13
3.38
3.30
2.56
2.47
3.67
4.20
3.94
4.58
3.38
2.58
4.15
2.87
3.66
2.58
3.28
2.97
3.43
4.05
5.68
3.57
3.45
3.79
3.66
3.89
3.19
2.91
3.70
4.19
3.74
4.00
3.51
4.39
3.55
2.94
3.29
3.16
3.39
3.33
2.56
2.47
3.71
4.21
3.99
4.60
3.44
2.58
4.23
2.87
3.67
2.58
3.29
2.98
3.45
4.10
5.75
3.56
3.43
3.79
3.66
3.88
3.19
2.94
3.73
4.29
3.75
4.02
3.50
4.37
3.55
2.95
3.27
3.15
3.34
3.19
2.57
2.50
3.73
4.23
3.99
4.59
3.45
2.59
4.25
2.88
3.70
2.57
3.30
2.99
3.49
4.15
5.86
3.60
3.46
3.83
3.69
3.90
3.21
2.95
3.75
4.35
3.77
4.04
3.52
4.42
3.57
2.96
3.31
3.18
3.38
3.03
2.58
2.53
3.77
4.28
4.03
4.66
3.48
2.62
4.33
2.90
3.72
2.60
3.30
3.04
3.49
3.92
5.90
3.60
3.46
3.82
3.69
3.91
3.21
2.93
3.73
4.35
3.77
4.04
3.51
4.44
3.55
2.96
3.29
3.17
3.38
3.02
2.59
2.52
3.73
4.27
4.00
4.65
3.46
2.63
4.31
2.91
3.72
2.60
3.31
3.03
3.48
3.92
5.90
3.60
3.47
3.83
3.69
3.88
3.20
2.93
3.71
4.36
3.78
4.04
3.52
4.44
3.56
2.97
3.29
3.17
3.40
3.08
2.59
2.52
3.73
4.27
4.00
4.65
3.46
2.61
4.33
2.91
3.74
2.60
3.30
3.04
3.51
4.27
5.93
3.69
3.55
3.93
3.79
3.98
3.19
2.98
3.74
4.50
3.87
4.16
3.60
4.62
3.62
3.05
3.36
3.24
3.51
3.29
2.62
2.55
3.80
4.36
4.06
4.65
3.53
2.65
4.41
2.91
3.79
2.61
3.34
3.06
3.54
4.32
5.99
3.71
3.58
3.95
3.81
3.98
3.21
2.98
3.76
4.54
3.88
4.16
3.60
4.60
3.67
3.07
3.38
3.26
3.52
3.32
2.69
2.56
3.81
4.35
4.10
4.84
3.54
2.67
4.46
2.97
3.82
2.66
3.40
3.09
5.956
8.254
1.73
5.717
7.992
1.76
5.86
8.21
6.014
8.365
~4."363~
Iv? 7^ '
v Preliminary.
i Includes adjustm ents not clistributed by months,
tData for 1971 have been revised to reflect changes in accord ance with Tax Reform A ct
of 1971 in personal exemptions and low income allowjmces eff ective retroactively to Jan. 1,
97.0
97.9
97.9
100.2
110.4
84.2
6.05
8.38
1.74
6.156
8.471
6.185
8.515
6.182
8.511
1.70
6.182
8.511
6.228
8.551
6.276
8.636
1.82
3.55
4.31
5.98
3.72
3.59
3.96
3.82
4.04
3.21
2.99
3.78
4.55
3.89
4.19
3.62
4.65
3.69
3.06
3.40
3.27
3.53
3.37
2.71
2.58
3.83
4.36
4.12
4.88
3.54
2.70
4.48
2.98
3.82
2.66
3.40
3.11
6.319
8.742
' 100. 9
'98.7
'97.8
99.8
119.4
87.3
131. 73
' 181.46
219. 70
' 150.72
163. 59
' 169.64
' 131.70
121. 00
159. 68
' 188.74
' 159.15
175. 56
146. 29
' 194.74
149. 11
120. 26
134. 35
' 142.40
' 112.89
111. 92
92.52
' 162.82
' 165.06
' 171.80
203. 01
144.43
102. 33
' 180.90
104. 05
' 152.43
88.64
' 126.51
' 105.74
' 132.4
133. 21
184.02 183. 57
' 220.20 221. 30
152. 69 153.09
165.21 166.04
' 171.32 172.18
' 133.16 135. 14
121. 10 120. 80
' 160.90 162.15
' 191.36 192. 56
' 161.95 162. 76
' 176.81 175. 96
' 147.06 147. 13
' 197.82 200. 55
' 150.26 152. 97
' 121.66 120. 43
' 135.49 135. 14
' 143.56 144. 68
' 114.20 115. 91
' 112.34 110. 84
' 92. 62
91.75
' 164.01 163. 66
' 167.45 167. 70
' 172.63 171. 81
' 211.86 207. 55
' 145.96 147.08
' 102.60 104. 61
' 181.70 182. 56
104. 70
r 104 40
' 153 23 153. 62
89.51
' 89. 24
' 126.91 126. 91
' 105.77 105.46
6.387
8.867
1971; data beginning Aug. 1971 also incorporate revised Consumer Price Index to reflect repeal
of the
7% auto excise tax.
rf1 Wages as of June 1, 1972: Common, $6.460; skilled, $8. 958.
S-16
SURVEY OF CUEEENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
June 1972
1971
Apr.'
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HELP-WANTED ADVERTISING
Seasonally adjusted index
1967=100.
LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employees..
New hires
do
Separation rate, total
__ do
Quit
do
Layoff
do
Seasonally adjusted:
Accession rate, total
do
New hires .
do
Separation rate, total
do
Quit
do
Layoff
_. .
do
»93
92
80
78
79
83
85
85
80
80
81
85
85
87
90
93
4.0
2.8
4.8
2.1
1.8
3.9
2.5
4.2
1.8
1.6
3.7
2.3
4.0
1.6
1.4
3.9
26
37
17
12
4.9
3.5
3.8
1.8
1.2
4.0
2.7
4.8
18
2.1
5.3
3.4
5.5
2.8
1.8
4.8
O o
5.3
29
15
3.8
27
43
19
15
3.3
22
3.7
15
15
2.5
1.6
3.8
1.2
1.8
4.1
2.5
4.0
17
14
3.7
2.4
3.5
16
1i
'4.0
'27
r3g
19
1* 1
P4.1
p2 8
p3 7
P2 0
p 9
4.0
2.5
4 3
1.7
1.6
38
2.5
4 0
18
1.5
3.7
2.4
4.1
1.9
1.5
3.7
2.5
4.4
1.8
1.5
4.2
2.8
4.5
1.9
1.9
3.9
2.5
3.9
1.7
1.7
3.6
2.4
40
17
1.4
41
2 7
41
19
14
3.9
2.7
4.4
1.9
1.4
4.4
-2.9
4 2
2.0
1.3
4.5
3.0
4.1
2.1
1.2
'4 5
'42
22
12
P4 5
p31
P4 0
p21
p10
540
750
590
790
610
850
450
670
420
660
330
540
290
540
280
490
180
360
300
460
290
455
360
540
380
600
420
630
174
254
2,184
702
774
3,437
272
384
3,923
820
967
7,906
166
472
4,505
88
286
2,841
210
300
4, 507
249
455
4,229
27
243
4,444
79
154
2,284
58
137
1,597
122
161
1,517
130
203
1,983
109
186
2,058
309
308
365
315
367
353
313
317
266
2,174
2,129
INDUSTRIAL DISPUTES
Work stoppages:
Number of stoppages:
4,900
5,716
Beginning in month or year
number
In effect during month
..do
Workers involved in stoppages:
3,200
3,305
Beginning in month or year
_ thous
In effect during month
do
45,
000
Man-days idle during month or year.
do__-_ 66,414
PLACEMENTS, UNEMPLOYMENT
INSURANCE
3 345
3 700
Nonfarm placements
thous
Unemployment insurance programs:
2 070
Insured unemployment all programs 5
do
State programs:
15 387 p 16 337
Initial claims
do
1 805 P 2 150
Insured unemployment, avg weekly do
Percent of covered employment :cf
3.4
P4.0
Unadjusted
Seasonally adjusted
Beneficiaries average weekly
thous
1 518 1 P! 813
Benefits paid
mil $
3 848. 5 4 957 0
Federal employees, insured unemployment,
31
p34
average weekly
thous
Veterans' program (UCX):
P622
556
Initial claims
do
79
f 131
i ureuu^e p y
pp-iTl
—^
j> 115
75
Benefits paid
mil $
203 2
356 0
Railroad program:
609
128
Applications
thous.
9
6
18
38.7
75.7
Benefits paid
mil. $
r 3 1
i
2 756
2 443
2,332
2,431
2,349
2,311
2,666
1 111
2 283
964
2 001
1,152
1,893
1,468
1,993
1,277
1,912
1,043
1,739
1,048
1,716
1,336
1,879
1,623 P 1, 643
2,221
2,524
1,241 p 1,029
v 2,492 P 2, 279
4.3
4.0
2 105
541 9
3.8
4 2
1 769
434 5
3.6
"•4.2
1,714
446.7
3.8
'4.1
1,459
425.4
3.6
4.2
1,472
433.6
3.3
'4.3
1, 328
377.8
3.2
'4.4
1,280
367.2
3.5
4.2
4.8
4.2
3.8
3.4
1,352 '1,640 P 2, 136
406.9 489.6 P 550. 9
P4.3
P4.7
P3.5
P3.5
2,112 P 2,037
564.3 P 574.0
31
29
31
36
35
33
35
35
35
37
P36
P34
P30
51
121
122
30 8
45
113
110
27.0
54
114
115
30.1
53
120
112
30.0
54
120
116
31.6
48
106
107
28.9
43
97
95
25.0
51
105
95
26.1
59
118
108
29.2
P68
133
P126
P30.0
57
P 140
131
33.0
p49"
136
P135
P35.5
P127
85
20
4.4
36
18
3.5
45
13
4.2
89
15
3.8
98
32
8.7
100
33
11.1
48
27
7.6
19
48
9.9
7
33
8.9
8
35
8.0
4
27
6.2
3,097 p3, 122 ' 2, 923 p 2,431
p 2,005
P3.8
P3.6
4
26
6.0
3
23
4.1
7,734
32, 814
12,926
19, 888
33, 055
12, 560
20,495
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil $
Commercial and finance oo. 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
7 058
7 889
31, 765 ' 31,103
11,418
12, 671
19, 094 ' 19,685
7 301
31, 367
13, 489
17, 878
7 494
31, 115
13, 000
18, 115
7,645
29, 472
11, 736
17, 736
7 454
29, 746
11, 470
18, 276
8,377
30, 057
11, 948
18, 109
8,148
29, 946
12,304
17,642
7,811
31, 205
12, 351
18, 854
7,601
7,985
7,479
7,935
7,889
31, 164 '231,103 '32,167 '32,579 '32,681
12, 231 11,418 12, 427 12, 787 12, 778
18,933 '19,685 '19,740 '19,792 '19,903
14, 774
16, 347
15, 718
15, 899
16, 146
16, 137
16, 107
16,044
16, 211
16, 194
16,347
7 187
2,030
5 557
7,917
2,076
6 354
7,426
2,113
6,179
7,502
2,056
6,341
7,579
2,041
6,527
7,650
1,997
6,490
7,709
1,942
6,456
7,766
1,942
6,336
7, 826
2,030
6,355
7,870
2,076
6,248
7,917
2,076
6,354
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted: ©
Total (233 SMSA's)O
bil $
New York SMSA
do
Total 232 SMSA's (except N.Y.)
6 other leading SMSA's?
226 other SMSA's
17, 083
17, 299
17, 461
8,139
2,267
6,677
8,238
2,260
6,801
8,343
2,181
6,937
11 572 3 11 316 5 11 730 8 11 703 8 12 093 8 12202 2 12 221 4 12 915 7 12 383 2 12 531 2 13 028.3 '12,786.0 13,177.5
5*315.4 5*033!s 5*244.0 5 210.2 5*408.9 5,570.3 5*755.8 5,918.9 5,523.3 5,687.0 6, 013. 9 5, 631. 4 5, 801. 4
6 256.9 6,282. 7 6 486.8 6,493.6 6,684.8 6,631.9 6,465.6 6,996.9 6,859.9 6,844.2 7, 014. 4 '7,154.6 7,376.1
2 592.2 2,606.3 2 691.0 2,681.0 2,783.7 2,757.5 2,683.2 2,945.2 2,859.8 2, 803. 1 2, 913. 1 2, 932. 9 3,053.3
3 664.7 3,676.4 3 795.9 3,812.6 3,901.2 3,874.4 3,782.5 4,051.6 4,000.2 4, 041. 1 4, 101. 3 '4,221.7 4, 322. 8
do
do
do
Federal Reserve banks, condition, end of period:
Assets, total 9
mil. $
16,684
8,039
7,971
2,149
2,098
6,387 '6,496
16, 456
90 157
99, 523
90, 357
91, 210
92, 945
91, 899
92, 154
93,755
95, 256
93, 698
99,523
96,551
94,126
96, 849
98, 197 plOl, 493
77, 154
1,592
71, 607
10,303
Reserve bank credit outstanding, total 9 ..do
Discounts and advances..
do
U.S. Government securities
do
66, 795
335
62,142
75, 821
39
70,218
66, 665
81
63,721
69, 757
1,051
65,764
68, 565
446
65, 518
69, 285
778
65, 841
70, 094
858
66, 868
71, 013
198
67, 566
71, 150
211
67, 205
71, 004
146
67, 817
75, 821
39
70, 218
72,176
15
69, 552
71, 219
6
67, 698
74, 365
255
69, 928
74, 405
'60
70, 307
Gold certificate account
do
10,457
9,875
10,475
10, 075
10, 075
10, 075
9,875
9,875
9,875
9,875
9,875
9,875
9,475
9,475
9,475
do
90, 157
99, 523
90, 357
91, 210
92, 945
91, 899
92, 154
93, 755
95,256
93, 698
99, 523
96,551
94,126
96, 849
do
do
26 687
24, 150
31, 475
27, 780
26 949
24,735
27, 604
25, 494
26, 701
24, 540
27, 345
25, 311
27, 187
25, 409
28, 467
25,422
28, 441
25, 697
26, 588
23, 718
31, 475
27, 780
29,471
25,650
27, 252
25, 525
30, 527 ' 30,152
27, 869 ' 27,415
32, 383
29, 498
Federal Reserve notes in circulation... ...do
51, 386
54,954
50, 889
51, 485
52, 228
52, 619
52, 829
52,830
53, 121
54, 186
54, 954
53, 801
53, 914
54, 340
54, 478
55, 210
Liabilities, total 9
Deposits, total
Member-bank reserve balances
2
' Revised.
p Preliminary.
i See note "§", this page.
Beginning Dec. 1971, data
on new basis reflect inclusion of paper issued directly by real estate investment trusts and
several additional finance companies.
§ Average weekly insured unemployment data
include claims filed under extended duration provisions of regular State laws; amounts paid
under these programs are not included in the 1971 annual figure.
cf Insured unemployment as % of average covered employment in a 12-month period.
98, 197 PlOl, 493
© Series revised to reflect recalculation of seasonal factors and trading-day adjustment
revisions for periods prior to Feb. 1971 will be shown later.
OTotal SMSA's include some cities and counties not designated as SMSA's.
1 Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
June 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
|
End of year
S-17
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
30, 802
30, 596
30, 860
30, 653
30,953
30,690
31,329
31,164
263
165
Jan.
Feb.
Mar.
32, 865
32, 692
31,922
31,798
31, 921 '32 565 *>32 840
31,688 '32,429
*>32 705
r
P 135
233
136
99
109
f 119
r 27
134
v 16
May
Apr.
FINANCE—Continued
BANKING— Continued
All member banks of Federal Eeserve System,
averages of daily figures:
Reserves held, total
_ _ mil. $ i 29, 265 131,329
Required
_ __ _
do___ 128,993 1 31, 164
Excess
do
i 272
1 165
Borrowings from Federal Reserve banks. _- do
1321
U07
Free reserves
.
__
. _.do
i -49
158
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits: t
Demand, adjustedc?
mil $
29, 885
29, 745
30,419
30,107
30,023
29,892
140
312
131
148
-8
330
—18
84929
30,547
30,385
30, 455
30, 257
207
162
198
453
-322
820
-658
804
-606
501
-295
360
-153
407
-144
107
58
20
153
33
91
83,897
83,813
84699
82,082
82,842
87 258
91 683
87 329
86 494
206
173
91 683
82 275
Demand, total $ - _
_ do__
Individuals, partnerships, and corp
do
State and local governments...
do
U.S. Government
do
Domestic commercial banks _
_ _ do
147, 355
103, 149
6,774
4 380
21, 704
152 699
106,885
6,563
7 571
20 880
141, 474
97, 099
6,353
5 833
20, 750
Time, total 9
do
Individuals, partnerships, and corp.:
Savings.
__
_
_ _ _ _ _ do
Other time
do
119 443
140 932
129 293 131,110 131 856 132,932 134 161 136 161 137 160 138, 217 140 932
48, 035
51, 650
54 542
61, 274
53,044
54,779
Loans (adjusted), totalcftdo
Commercial and industrial
do
For purchasing or carrying securities
do _
To nonbank financial institutions
_ do
Real estate loans...
__ _ _ __ _ do
Other loans
do
180, 429
81, 693
8,560
13 642
34, 035
50 906
192,238
83 770
8,835
14 504
38 400
57 183
177,164 179,986 182,817
81,072 81,703 82,156
7,599
6,719
7,014
13306 13974 14,879
34,737 35,096 35,675
48993 50924 50 141
81
28
24
52
033
944
605
089
75 672
26, 569
22 160
49,103
74,872
25, 453
21 652
r
49,419
76,335
26,637
22,409
49,698
75,138
25,396
21,852
49,742
74,228
24,921
22,113
49,307
75 160
25, 080
22 400
50080
77 209
26, 187
23 340
51,022
79,944
28, 298
24 566
51,646
81 033
28944
24605
52089
80 548
27,881
23 972
52667
r
485 7
r 320 6
452.5
298 2
60 7
93 5
456.1
300 7
60 4
95 1
461.1
301 7
62.8
96.6
463.7
304 1
61 6
98.0
468.4
309 7
60 9
97.8
472.4
313 0
59 9
99.5
477.2
317.0
59.1
101.1
479.8
318.7
58.8
102.2
485.7
320 6
60 7
104.5
491.4
325.7
59.7
106.0
87 739
Investments, totals
_
„ __ do
U.S. Government securities, total
do
Notes and bonds
_
do
Other securities
do
72, 194
28,061
21 983
44, 133
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, adj.:
Total loan s an d investments O
bil . $
LoansO— - - - - do
U.S. Government securities
_ _ do
Other securities...
do
435.9
292 0
58 0
85.9
Money and interest rates: §
Bank rates on short-term business loans:
In 35 centers.
_
percent per annum
New York City
do
7 other northeast centers
___do._
8 north cen tral centers
7 southeast centers
8 southwest centers _ _
4 west coast centers - _
_
do
do
do
do
2
2
2
8. 48
8 22
8. 86
2
2
2
8. 46
8 44
8 52
2
8 49
Discount rate (N.Y.F.R. Bank), end of year or
month ',
percent
r
r 60 7
104 5
2
2
2
6 32
6 01
6. 56
2
6
26
6
6
2
2
30
62
46
38
124
91 037
88 996
90 923
143,627 152,972 139,736 145, 012 141, 160 144, 435 149, 106 152, 699 146,564 151, 788 143 920 148, 502 150 176
100,713 102,131 97,285 99,588
96,333 100,492 103, 293 106,885 99,963 102, 735 100, 628 101, 536 105,304
7,632
6,158
6, 601
6,112
7, 196
7, 714
7,311
7,228
6, 575
7,165
6,368
6,563
7,200
5,332
3,901
3,551
2,237
4,531
2 718
4,838
5 647
5 579
8 614
7 571
3,518
5 027
22,042 24,967 20,844 21,934 21,200
22,730 24,305 20 880 22,211 26, 500 20 190 20 694 21 540
53,644
56,451
53, 535
55,720
53,140
57,172
52,969
58,417
53, 313
59,737
53, 605
60,294
54, 124
60,890
54 542
61,274
142 532 144 286 144 863 147 119 149 089
55,869
61,371
56, 578 57 616
62, 085 r 61,926
57 295
62 610
57 264
64 414
180,734 185,358 186,256 186,003 188,924 192,238 190,040 192,317 194, 538 199, 554 199,979
81,488 82,671 83,435 83,003 82,875 83,770 82,047 r 82,637 r 83 905 85 488 84 790
6,719
8,675
8,844
7,707
7,787
8,835
9,765 r 9 525 10 629 10 500
7,743
13,808 14,038 13 617 13 204 13 895 14504 13,844 T 14 357 r 14 681 14 673 14 837
36,177 36,734
37,206 37,557 38,049 38400 38,887 39 178 r 39*688 40 423 40 341
50802 53 400 54083 51 927 55 161 57 183 56 867 57 031 r 58 870 59 229 58 835
81
27
23
53
001
927
782
074
81 492
27* 749
23 281
53 743
496.6
328 5
61 0
107 1
504. 3
333 3
62 2
108 7
81
27
23
54
179
076
486
103
505
334
69
108
9
8
4
6
81 159
26' 958
23 114
54 201
513 8
340 3
62 8
110 7
6.00
5 66
6.25
6.51
6.25
6.77
6.18
5.86
6.40
5.52
5 35
5.72
5 89
5 28
5.81
5.95
6 37
6 17
6 12
6.46
6.77
6.64
6.54
6.13
6 47
6.43
6.21
5
5
5
5
5
5
5
5
37
87
79
39
54
7g
88
60
"5.50
24.75
4.75
4.75
4.75
5.00
5.00
5.00
5.00
4.75
4.75
4.50
4.50
4.50
4.50
4.50
2
8. 50
26.37
6.35
6.11
6.05
6.01
6.00
5.99
6.00
6.12
6.12
6.29
6.20
6.20
6.00
5.90
2
2
8. 27
8. 20
27.59
2
7.54
7.37
7.34
7.36
7.33
7.38
7.38
7.51
7.50
7.60
7.58
7.67
7.63
7.68
7.62
7.65
7.56
7.62
7.51
7.62
'7.45
7.45
7.35
7.38
7.31
••7.38
'7.30
7.38
7.34
Open market rates, New York City:
Bankers' acceptances (prime, 90 days) ... do
Commercial paper (prime, 4-6 months).. do___I
Finance Co. paper placed directly ,3-6 mo-do___"
Stock Exchange call loans, going rate
do
37.31
37.72
37.23
37.95
34.85
35.11
34.91
35.73
4.36
4.57
4.27
5.32
4.91
5.10
4.69
5.50
5.33
5.45
5.24
5.50
5.60
5.75
5.54
5.93
5.57
5.73
5.57
6.00
5.49
5.75
5.44
6.00
5.05
5.54
5.30
5.92
4.78
4.92
4.81
5.53
4.45
4.74
4.60
5.36
3.92
4.08
3.95
4.89
3.52
3.93
3.78
4.63
3.95
4.17
4.03
4.55
4.43
4.58
4.38
4.88
4.25
4.51
4.38
5.00
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue) -___percent__
3-5 year issues
do
36.458
3 7 37
3 4. 338
3 5 77
3.780
5.42
4.139
6 02
4.699
6.36
5.405
6.77
5.078
6.39
4.668
5.96
4.489
5.68
4.191
5.50
4.023
5.42
3.403
5 33
3.180
5 51
3.723
5 74
3.723
8 01
3.648
569
mil. $
126, 802
137, 237
25, 047
26, 025
27,388
28, 354
29,704
30, 644
31, 606
33, 263 137, 237
35, 830
35, 253
36, 135
37, 791
do
101, 161
00, 692
01, 862
02, 848
04, 060
04, 973
05, 763
07, 097 109, 545
08, 826
08, 634
09, 481
10, 734
36, 763
29, 165
4,240
32, 680
37, 154
29, 477
4,295
33, 134
37, 383
29, 840
4,330
33, 420
37, 759
30, 072
4,357
33, 575
38, 164
30, 586
4,370
33, 977
38, 310
32, 447
4,356
34, 432
38, 111
32, 096
4,319
34, 300
38, 239
31, 615
4,332
34, 448
38, 762
31, 682
4,354
34 683
39, 337
31, 882
4,417
35 098
Federal intermediate credit bank loans
do
Home mortgage rates (conventional 1st mortgages):
New home purchase (U.S. avg.)
percent.
Existing home purchase (U.S. avg.)
do
CONSUMER CREDIT
(Short- and Intermediate-term)
Total outstanding, end of year or month
Installment credit, total
109 545
00, 028
Automobile paper
Other consumer goods paper
Repair and modernization loans
Personal loans
do
do .
do
do
35 490
29, 949
4,110
31 612
38 310
32 447
4,356
34 432
35, 496
28, 682
4,077
31, 773
35, 819
28, 706
4,126
32 041
36,349
28, 976
4,186
32, 351
By type of holder:
Financial institutions, total
Commercial banks
Finance companies
_
do
do
do
87 064
41 895
31, 123
94 086
45 976
32, 140
86, 805
42, 094
30, 369
87, 491
42 482
30, 441
88, 544
43, Oil
30, 609
89,458
43, 509
30, 906
90, 536
44, 112
31, 098
91, 279
44, 603
31, 133
91, 943
44, 947
31, 331
92, 901
45, 396
31, 643
94, 086
45, 976
32, 140
93,668
45, 878
31, 948
93, 955
45, 963
31, 979
94, 853
46 415
32, 221
96, 104
47 148
32, 530
12 500
1 546
14 191
1 776
12 686
1,656
12 874
1,694
13, 206
1, 718
13, 296
1,747
13, 570
1,756
13, 780
1, 763
13, 875
1,790
14, 052
1,810
14, 191
1, 776
14 062
1,780
14, 126
1,887
14 328
1, 889
14 494
1,932
14 097
'327
15 459
13 223
13, 201
13,318
13, 390
13, 524
13, 694
13, 820
347
349
14, 196
354
359
15, 459
15, 158
14, 679
14, 628
14, 630
Credit unions
:__•___
Miscellaneous lenders, __
Retail outlets, total.
Automobile dealers
r
do
_.__do-_
do
do
360
330
344
Revised. » Preliminary.
i Average for Dec. 2 Average for year. 3 Daily average
c?For demand deposits, the term "adjusted" denotes demand deposits other than domestic
commercial bank and U.S. Government, less cash items in process of collection; for loans,
exclusive of loans to and Federal funds transactions with domestic commercial banks and
339
344
360
359
360
366
372
after deduction of valuation reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
^Revisions for months prior to Feb. 1971 will be shown later.
9Includes data not shown separately.
©Adjusted to exclude interbank loans.
§ For bond yields, see p. S-20.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
June 1972
1971
Apr.
Annual
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
CONSUMER CREDIT— Continued
Outstanding credit— Continued
Noninstallment credit, total
Single-payment loans, total
Commercial banks
Other financial institutions
_
Charge accounts, total
Ketail outlets
Credit cards
Service credit ._
_
Installment credit extended and repaid:
Unadjusted :
Extended, total. _ _
Automobile paper
_ _
Other consumer goods paper
All other
Repaid, total
_
Automobile paper
Other consumer goods paper
All other
_ __.
Seasonally adjusted:
Extended total
Automobile paper
Other consumer goods paper
All other
Repaid total
Automobile paper
Other consumer goods paper
All other
mil $_.
do
do
do
25,641
9,484
8,205
1,279
27, 692
10, 300
8,916
1,384
25, 019
9,676
8,350
1,326
25,333
9,765
8,425
1,340
25, 526
9,862
8,512
1,350
25. 506
9,854
8,498
1,356
25, 644
9,997
8,633
1,364
25, 671
10,061
8,694
1,367
25, 843
10, 097
8,722
1,375
26, 166
10, 182
8,795
1,387
27, 692
10, 300
8,916
1,384
27, 004
10, 324
8,937
1,387
26, 619
10, 433
9,008
1,425
26, 654
10, 511
9,083
1,428
27, 057
10, 620
9,176
1,444
do
.do
do
__do. _
8,850
6,932
1,918
7,307
9,818
7,597
2,221
7,574
7,689
5,774
1,915
7,654
8,004
6,046
1,958
7,564
8,214
6,199
2,015
7,450
8,271
6,173
2,098
7,381
8,305
6,120
2,185
7,342
8,305
6,101
2,204
7,305
8,435
6,269
2,166
7,311
8,634
6,482
2,152
7,350
9,818
7,597
2,221
7,574
8,929
6,719
2,210
7,751
8, 141
6,008
2,133
8,045
8,011
5,969
2,042
8,132
8,306
6,239
2,067
8, 131
do
_do_ _
do
do
104,130
29,831
36, 781
37, 518
117,638
34, 638
40,979
42, 021
10, 079
3,100
3,363
3,616
9,562
2,883
3,148
3 531
10, 667
3,301
3,538
3,828
10, 098
3,032
3,415
3,651
10, 300
3, 066^
3,465
3,769
9,849
2, 927
3,454
3,468
9,797
3,037
3,423
3,337
10, 711
3,105
3,737
3,869
11, 966
2,780
5,061
4,125
8,766
2,470
3,297
2,999
8,902
2,762
2,926
3,214
10, 951
3,358
3,727
3,866
10,563
3,257
3,591
3,715
_do_ _
do
do
do
101, 138
30,943
34, 441
35,754
109, 254
31, 818
38, 481
38,955
9,219
2,632
3,272
3,315
8,898
2,560
3 124
3,214
9,497
2,771
3,268
3,458
9,112
2,618
3,226
3,268
9,088
2,675
3,153
3,260
8,936
2,698
3,091
3,147
9,007
2,661
3,191
3,155
9,377
2,700
3,223
3,454
9,518
2,634
3,200
3,684
9,485
2,669
3, 648
3,168
9,094
2,634
3,407
3,053
10, 104
2,835
3,660
3,609
9,310
2,682
3,391
3,237
do
do
do
do
9.751
2,872
3 415
3,464
9 690
2,756
3 295
3,639
9 715
2 838
3 433
3,444
9,675
2,773
3,399
3,503
10, 049
3,004
3,465
3,580
10, 156
3,147
3,462
3,547
10, 031
2,992
3,467
3,572
10, 572
3,162
3,595
3,815
10, 130
2,973
3,604
3,553
10, 184
2,978
3,706
3,500
10, 339
3,046
3,698
3,595
10,996
3,143
3,921
3,932
10, 777
3,194
3,824
3,759
do
do
do
do
9,088
2 566
3,249
3,273
9,197
2 640
3 211
3 346
9,190
2 678
3 233
3 279
8,914
2,565
3,203
3,146
9,222
2,697
3,262
3,263
9,157
2,732
3,172
3,253
9,107
2,634
3,219
3,254
9,306
2,662
3,254
3,390
9,230
2,696
3,188
3,346
9,547
2,761
3,501
3,285
9,373
2,693
3,408
3,272
9,632
2,693
3,422
3,517
9,681
2,767
3,531
3,383
19, 710 12, 462 14, 945
18, 265 18, 677 18, 798
1,444 -6, 215 -3, 852
17, 213
17 085
17, 596
19 226
128 —1*630
15 239
1 8 f^8Q
q oKn
15 237
20 000
4' 763
24,534
19, 113
5,421
—175
—327
515
FEDERAL GOVERNMENT FINANCE
Budget receipts, expenditures, and net lending:
Expenditure account:
Receipts (net)
mil $
Loan account:
Net lending
1 193 743
1Q4, 4.&O
71 fi
21,024 13, 190
17, 769 16 882
1 21 927 3,255 — 3 692
188 392
910 ^18
-49
-270
22, 508 13, 198 15, 652
19 669 18, 507 19, 276
2 840 -5,309 -3, 624
-297
-49
69
-306
-115
-149
-399
-243
do
i _2 128 i—l 107
Budget surplus or deficit (— )
Budget financing total
do
do
Reduction in cash balances
do
1,513 -6, 330 -4, 002
5,935
-271 -1,873 —3 525 —5 090
2,543 -5,358 -3, 930
—2 845 1—23 033 3,206 -3,961
1
6,330
4,002
3,930 -1,513
5,358
271
3,961 -2,543
1,873
5,090 -5,935
3,525
2 845 i 23 033 -3, 206
1
-2,003
1,407
6,854
-2,
059
4,226
2,590
-271
8 482
2 197
1 ^ W7 1 1Q 4.4.8
134
311
3 795
4,923
490
1,132 -2,924
1,412 -8,211
1,739
1,764 -2, 232
1,295 -3, 876
i 3 794 -2,935
3 524
1—2 552
Held by the public
do
Budget receipts by source and outlays by agency:
Receipts (net) total
mil $
Individual income taxes (net)
do
Corporation income taxes (net)
do
Social insurance taxes and contributions
(net)
mil $
Other
do
Expenditures and net lending total?
Agriculture Department
do
do
Health, Education, and Welfare Department
•mil
Treasury Department.
_
National Aeronautics and Space Adm
Contributions for social insurance
Federal Government expenditures total
Purchases of goods and services
National defense
do
do
do
do
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 (— )
1 193 743 i 188 392
1 90 412 i 86 230
i 32 829 126 785
21, 024
9,630
4,015
13, 190
3,846
13, 198
6,519
15, 652
6,920
879
453
19,710
9, 192
4,306
12, 462
6, 282
623
22, 508
9 867
6 447
i 48 578
i 26 798
4,971
2,409
6,366
2,355
3,764
2,430
3,464
2,336
5,996
2,282
3,784
2,428
1 196 588 1211 425
18 560
18 307
i 77 i RO 1 74. R4.fi
17, 818
17, 152
19, 965
5 809
7 590
18, 556
2,054
5 047
19, 582
1,432
5,482
18, 196
6 041
1 fil Bfifl
5 226
1,816
252
881
5 143
1,819
274
874
7 1QO
1,744
245
5 418
1,739
377
796
5,488
1,837
291
893
5,452
1,893
*45 298
!25 203
<!
do
do
Receipts and expenditures (national income and
product accounts basis), qtrly. totals seas. adj.
at annual rates:
Federal Government receipts total
bil $
Corporate profit tax accruals
1 Q89 fiOQ i Ann AKO 403, 742 408 736 409 468 415, 677 424, 990 422, 163 421, 878 424, 555 434 350 432 607 AOA 54.4. 437 553 435, 470
i 284 880 1304 328 302,442 304, 638 304, 328 308, 554 315, 408 313, 406 314,812 317, 402 325, 884 326, 018 326 019 329, 814 327, 755
do
1 Q fiM
i 20, 991
i 3, 381
i 9 756
191 5
92 2
30 6
19 3
49.3
198 8
89 0
33 6
20 3
56 0
205.1
97.2
75.4
63 4
24.4
14.6
221 9
97 6
71 4
75 9
29.6
13.7
5.5
5.1
i 19, 510
i 3, 749
•iq a
271
437
266
870
1Q7 7
OA O
77. 8
29.5
13.3
.0
23 7
90 i
680
5, 764
755
14, 945
7,455
512
17, 213
7,096
4,927
17, 596
10, 944
1,070
15 239
6 846
666
15, 237
3,905
4,722
24, 534
11,965
4,895
2,983
2,460
4,120
2,858
2,642
2,549
3,615
1,967
5 740
1,986
4,350
'2,259
5,655
2,020
18, 791
1,406
5,886
18, 947
1,094
5 996
17, 484
1,120
6 386
19, 469
1,040
5 967
18,764
20, 327
18, 598
6 107
6 872
6 507
5 654
1,564
266
830
5 761
1,931
286
818
5 571
1,774
285
893
5 897
1,892
259
1,020
a niq
6 179
1,900
310
1 042
5 946
1,951
238
926
736
354
636
1,856
276
861
197.8
88 8
33.2
19 7
56. 1
203.0
93.0
32.1
20.7
57.2
r 222. 2
105.4
'34.7
20.3
61.8
224.6
97.6
70.2
78 0
30.2
13.9
228 7
100.3
71.4
78 1
31.6
13.8
235.5
104.9
75.8
79.4
32.2
4.8
4.9
5.8
.0
.0
9fl 7
oc 7
97
iq i
.0
T
13 2
LIFE INSURANCE
Institute of Life Insurance:
Assets total all TJ S life insurance cos
Government securities
Corporate securities
Mortgage loans, total
Nonfarm
bil $
do
do
do
do
207 25
11.07
88 52
74.38
68.73
Real estate
Policy loans and premium notes
Cash
.__
Other assets
do
do
do
do
6 32
16.06
1.76
9.15
T
1
57
13
43
60
00
212. 70
10.95
93.76
74.54
68.99
213. 41
10.95
94.20
74.55
69.00
214 28
10.79
95.03
74.54
68.97
215. 28
11.03
95.68
74.58
69.02
216. 44
11.08
96.43
74.71
69.12
7 10
17 03
1 78
9.52
6.54
16.37
1.37
9.18
6.59
16.44
1.40
9.29
6.64
16.52
1.46
9.31
6.73
16.59
1.38
9.29
6.75
16.68
1.44
9.35
221
11
99
75
70
Revised.
* Preliminary.
Data shown in 1970 and 1971 annual columns are for fiscal years ending June 30 of the
respective years; they include revisions not distributed to months.
49
00
20
80
21
218. 26
11.02
97.78
74.86
69.27
219.35
11.15
98.44
74.90
71.31
6 81
16 78
1 46
9.44
6.88
16.85
1.45
9.42
6.95
16.95
1.53
9.43
217
11
97
74
69
221
11
99
75
70
57
13
43
60
00
7 10
17 03
1 78
9^52
9 Includes data for items not shown separately.
31
32
35
52
98
224 74
11.34
102 82
75 46
69 94
226 02
11.52
103 80
75 42
69 90
227. 89
11.08
105. 25
75.47
69.93
7 10
17 07
1 51
9.44
7 00
17.13
1 47
9.51
7 05
17 21
1 35
9.68
7.03
17.36
1.50
10.20
223
11
101
75
69
May
SURVEY OF CURRENT BUSINESS
June 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1972
1971
1971
Annual
S-19
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Jan.
Feb.
Mar.
Apr.
20,237
13,409
6,301
527
13, 858
9,894
3,366
14, 996
11, 334
3,020
598
642
19, 046
13,421
4,953
16, 621
11, 949
4,018
10, 132
9,588
—544
1,117
15, 119
Dec.
May
FINANCE—Continued
LIFE INSURANCE— Continued
Institute of Life Insurance— Continued
Payments to policyholders and beneficiaries in
U S total
mil $ 16, 449. 4 17, 177. 2 1, 414. 4 1, 353. 7 1, 430. 0 1, 326. 7 1, 348. 6 1,466.5 1, 392. 7 1,354.8 1,918.9
608.9
709.5
605.3
611.1
567.8
638.1
635.7
609.5
592.8
7, 017. 3 7, 423. 3
Death benefits
do
80.8
83.5
990 2
87.7
81.9
85.4
76.3
80.9
77.6
73.7
978 3
IV^atured endowments
do
21.2
20.1
25.2
21.3
19.9
23.6
23.0
20.1
232.9
256.8
19.7
Disability payments
do
163.5
161.3
157.4
156.1
164.2
168.6
164.9
161.0
181. 1
1, 757. 1 1, 944. 4
Annuity payments
do
264.1
249.7
232.9
230.3
234.3
243.5
233.0
241.6
224.9
2, 886. 4 2, 881. 6
Surrender values
do
677.1
276.3
284.7
267 2
268.9
239.5
321.8
257.4
278.8
3, 577 4 3, 680 9
Policy dividends
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :t
Value estimated total
mil. $
Ordinary (incl mass-marketed ord )
do
Group
do
Industrial
do
Premiums collected:
Total life insurance premiums
do
Ordinarv (incl mass-marketed ord )
do
Group
do
Industrial
do
186, 634
131,319
47, 948
7,365
16, 360
11, 059
4,551
10, 732
fii PI
thous. $._ 37, 789
do
237, 464
10, 132
889
51, 249
283, 948
10, 732
2,614
20, 795
mil. $._ 1, 128. 0
do
81.8
do...
1, 098. 4
77.2
27 613
64 957
1.771
47,483
i 193,574
123, 272
163,690
" 6, 612
_
_._
_
thous $
do
_ dol. per fine oz
705
16, 380
11, 372
4,383
14, 175
10, 347
3,265
17, 495
10, 814
6,079
563
602
10, 332
10, 332
10, 332
625
15, 718
10, 624
4,495
599
14, 777
10, 894
3,243
15, 096
11, 741
2, 780
640
575
10, 132
10, 132
I
672
654
19 940
14 912
3,753
1,275
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period)... mil. $..
Exports
Imports
_
Production:
South Africa
Canada
United States
Silver:
Exports
Imports
Price at New York
Production:
Canada
_
750
14, 800
10, 572
3,523
9,588
38
23, 831
27, 714
9,588
6
880
26 020
1,499
4,696
1.504
10, 574
4,689
1.536
3,541
1.572
3,257
3,976
3,308
4,448
59.4
59.8
60.4
60.5
9fi9
10, 132
2
1,955
7,259
2,861
48, 001
22, 732
23, 083
23, 192
10, 132
g
1,586
16, 163
92.0
6.7
93.4
5.8
92.3
6.3
91.3
6.1
93.4
6.3
91.7
6.6
85.7
5.9
87.8
6.0
81.2
5.9
1 527
2 900
1.667
1 269
3*785
1 608
651
4 655
1.587
1,580
4,134
1.421
212
3 645
1.581
3 219
1.336
4, 167
1.320
1,382
3,878
1.394
864
5,304
1.473
3,985
3,867
1,016
1,718
2,741
4,067
3,499
3,287
10, 332
qeo
CO
CfJ
10,430
35, 386
3,564
18, 469
91.9
6.5
91.5
6.7
19 499
49 507
1 546
2 661
5,907
1.726
41,030
3,535
«JQ
913
434
Q
97
237
84
Q
522
10, 410
575
1.583
1
..thous. fine oz ...
United States
Currency in circulation (end of period)
do...
bll. $__
Money supply and related data (avg. of daily fig.) :©
Unadjusted for seasonal variation:
Total money supply
bll. $
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 deposits
New York SMSA
do
Total 232 SMSA's (except 1N.Y.).
do
6 other leading SMSA'srf
do
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SE O.Net profit after taxes, all industries
mil. $
Food and kindred products. . _ _
do
Textile mill products
do
Lumber and wood products (except furniture)
mil. $
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining
do
Stone, clay, and glass products
do
Primary nonferrous metal
do
Primary iron and steel...
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.) .. mil. $
Machinery (except electrical)
_
do
Elec. machinery, equip., and supplies
do _
Transportation equipment (except motor
vehicles, etc.)
mil. $
Motor vehicles and equipment
do
All other manufacturing industries
do...
Dividends paid (cash) , all industries
do__.
Electric utilities, profits after taxes (Federal Reserve)
mil. $
61.7
57.1
61.1
56.6
57.4
58.4
58.6
58.9
58.8
59.2
60.6
61.1
210.0
47.7
162.3
208.2
224.1
51.1
173 0
253.8
222.3
50.1
172.3
248.5
5.5
219. 9
50.5
169 4
251 4
7.8
223.7
51.0
172 7
253 8
5.3
226.0
51.9
174 1
255.5
6.8
224.9
51.9
173 0
258 1
6.8
226. 2
51.9
174.3
260.3
7.5
227.5
52.2
175.3
264.1
5.3
229.6
52.8
176.9
265. 5
3.9
235.1
53.5
181.5
269.0
6.7
235.3
52.6
182.7
273.7
7.2
229.0
52.6
176.4
277.3
7.2
231.3 ' 236. 1 P231.6
'53.6
54.0
53.2
178.1 r 182. 6 177.6
287.0
283.1
280.8
7.6
10.4
7.7
221.2
50.5
170.7
248. 1
223.8
50 8
173 0
251 3
225.5
51 1
174 5
254 4
227.4
51 6
175 8
256.4
228.0
51 7
176 3
257 3
227.6
51.9
175.7
259.6
227.7
52 2
175.5
263.3
227.7
52.2
175.5
265.3
228.2
52.5
175.7
269.9
228.8
52.8
176.0
274.4
231.2
53.2
178.0
278.1
233.5
53.7
179.9
279.9
r 180. 9
79 8
182.4
54.0
78.4
44.2
77 8
174.3
53.9
79.2
44.0
80 4
184.0
55.2
81.3
45.0
80 0
184.4
55.0
80.4
45.0
81 6
189.0
55.9
82.8
45.4
82 2
190.6
55.6
82.3
45.2
82 6
199.5
54.3
80.0
44.2
86.4
203.7
58.1
87.2
46. 7
83.7
196.1
57. 3
85.2
83.9
205.3
56. 3
82.0
84.5
205.1
83.0
195.2
85.6
202.1
82.6
83.3
4.7 n
47 Q
6.4
6.4
28, 572
2,549
413
304
719
3,434
5,893
627
1,297
692
1,066
2,689
2,349
r
31 038
2 754
558
8,525
700
151
7,538
739
139
7,971
160
156
1,015
1,390
289
256
351
190
141
954
165
76
902
1,508
283
64
22
1,407
212
91
171
1 070
2 489
2 563
330
312
202
616
633
705
717
T
593
1,424
4,522
15, 070
585
3 097
4,990
'15 252
88, 666
105, 233 '7,188
648
663
AK Q
182
937
185
406
117
887
1,298
3,882
1,347
3,481
1,442
4,083
282.8
181. 4
287.0
87.3
7 934
703
175
r 3 ygo
5 829
'853
621
748
603
501
AC n
' 235. 0 v 235. 8
54.4
54.0
ft 80
-IQQ
170
1 co
1 062
1 907
125
160
173
312
713
564
163
1 010
1 209
3 899
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, total
Corporate
Common stock
Preferred stock
mil. $.
do
do
do
do
80, 037
30 315
7 240
L390
92 272 '5,768
32 129 ' 2 566
r 883
9 291
& 670
537
6,969
10,994
9,316
6,337
2,638
579
54
9,661
3 042
1 228
7,120
1,951
6691.527
'"Revised. * Preliminary. 1 Includes $17.2 bil. SGLI.
« Corrected.
§°r increase in earmarked gold (—). 0Beginning Jan. 1972 SURVEY, data reflect corrections
to the latest benchmark levels available to nonmember banks and changes in seasonal factors. Revised monthly data back to 1964 will be shown later, f At all commercial banks.
104
9,346
9,445
9,410
10,569
6 911
T
7 188
r
7 302
6 556
8,633
7,771
.2 322
598
637
' 1QS
86
270
169
303
2R2
263
|Series revised to reflect recalculation of seasonal factors; revisions for periods prior to Feb.
1971 will be shown later 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.
8,659
1,844
418
270
8,250
2,573
1 030
165
8 687
2 665
9 300
2 436
1 999
5 710 '6 354 r 6 261
2 473 r 2 371 r 2 329
r g4Q
'531
1 032
5 580
2 253
' 694
SURVEY OF CURRENT BUSINESS
S-20
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
Annual
June 1972
1971
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
3 673 r 3r 205
980
392
73
105
891
»-533
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission—Continued
Estimated gross proceeds—Continued
By type of issuer:
Corporate total 9
mil. $
Manufacturing
do
Extractive (mining)
do
Public utility .
.do...
38 945
10, 513
2,093
11, 017
45,090 r 3 987 3 271
11,578 r 1 114
789
r 112
1,283
100
11, 800 r 1, 276
588
4 375
1*206
*174
1 055
4,147
582
111
732
2,532
474
97
849
3,768
1,146
90
1,070
3 387
662
87
934
3 704
811
129
1,217
..do..
do
- __do
2,260
5,136
5,517
2,418
5,819
8,814
'325
273
'558
339
405
876
297
218
813
219
1,622
643
88
359
511
149
282
704
190
432
848
152
269
963
232
352
845
do
__do
do. -
49, 721
14, 831
17, 762
60, 143
17, 325
24, 370
3,202
467
1,859
3 698
466
2 114
6 619
2 779
1 988
5, 169
1, 153
1,951
6, 815
3,228
1,850
5,677
1,698
2,044
6,022
2,455
1,679
6,864
3,254
2,286
3,237
443
2,058
17, 762
17, 880
24, 370
26, 281
1,859
2,482
2 114
1 840
1 988
2 932
1,951
1,353
1 850
1,882
2,044
2,781
1,679
1,843
2,286
2,785
2,058
2,492
* l1 6,535
6,000
1835
1
1,298
5,598
4,776
822
1 206
5 701
4 874
827
1 235
5 783
4 976
807
1 263
5 860
5 050
810
1 183
5 917
5,121
796
1 206
5 990
5 208
782
1 237
6 016
5,238
778
1 204
5,995 ' 6, 535
6,000
5,198
835
797
1,298
1,209
*387
1, 837
445
2,216
431
2 084
415
2 023
410
1,841
405
1,838
364
1,734
393
1,765
412
1,758
387
1,837
61.5
72.3
65.0
80.0
65.0
80.4
63.7
75.6
63.5
74.8
63.2
74.0
63.4
77.4
64.2
81.7
65.2
84.7
66.4
84.1
60.52
67.70
67.57
65.72
65.84
66.16
67.33
69.35
70.33
70.47
4, 763. 24 8,803.91 766. 33
6, 299. 55 10,157.90 877. 60
761. 07
891. 08
667. 64
798. 59
603 44
702. 54
678. 46
789. 84
758. 11
861. 07
773. 19
851. 32
4, 328. 33
5, 554. 92
8,009.57 688. 22
9,080.68 782. 02
690. 89
793. 11
613. 16
727. 51
564 20
646. 00
627. 76
718. 02
694. 85
769. 97
New York Stock Exchange, exclusive of some
stopped sales, face value, total
.
mil. $_ 4,494.86
6,563.82 615. 41
574. 79
509. 87
444. 24
489. 80
478. 40
Transportation!
Communication
Financial and real estate.- -Noncorporate, total 9
U.S. Government -State and municipal
.
State and municipal issues (Bond Buyer) :
Long-term
Short-term
do
do.
r
r
3 229
604
189
740
3 184
572
64
1,211
f
'282
146
r
752
498
T
945 f 1, 036
105
227
1,112
107
177
716
3 983
529
1,737
3,933
539
1,942
3,327
586
2,185
5,449
2,281
2,089
1,737
1,594
1,942
1,752
2,185 r 2, 089
3,407 r 1,516
3T 369
529
61
988
1,871
2,345
SECURITY MARKETS
Stock Market Customer Financing*
Margin credit at brokers and banks, end of month,
total
mil $
At brokers
do
At banks
do
Other security credit at banks
do
Free credit balances at brokers:
M^argin accounts
do
Cash accounts
do
1
6, 850 ' 7, 427
6,477
5,989
950
861
1,327
1,313
7,847
6,896
951
1,294
448
2,040
434
2,108
442
2,070
66.5
83.5
67.1
84.6
66.7
83.8
66.2
84.1
65.1
82.5
65.2
84.6
68.80
68.79
68.32
68.43
67.66
68.59
743. 05
815. 80
872. 36 963. 66 862. 43 975. 83
979. 30 1,011.89 903. 78 1,013.72
837.59
859. 85
704. 31
766. 77
683. 91
745. 08
803. 14
890. 20
866. 66
896. 11
770. 82
804. 49
870.04
895. 25
763. 19
778. 24
530. 42
497. 11
639.34
596. 42
521. 85
569. 24
515. 14
458. 20
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composited1
dol per $100 bond
Domestic municipal (15 bonds)
.do
U.S. Treasury bonds, taxable^
do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil. $
Face value
do
New York Stock Exchange:
Market value
Face value
Yields:
Domestic corporate (Moody's)..
By rating:
Aaa
Aa ..
_
A
Baa
By group:
Industrials. ._
Public utilities. __
Railroads. _
do
do.
8.51
7.94
7.86
8.03
8.14
8.14
8.12
7.97
7.88
7.77
7.75
7.66
7.68
7.66
7.71
7.71
8.04
8.31
8.56
9.10
7.39
7.78
8 03
8 56
7.25
7.74
7.99
8.45
7.53
7.84
8.14
8.62
7.64
7.96
8.20
8 75
7.64
7.96
8.21
8 76
7.59
7.93
8.20
8.76
7.44
7.81
8.04
8.59
7.39
7.69
7.97
8.48
7.26
7.56
7.88
8.38
7.25
7.57
7.81
8.38
7.19
7.52
7.70
8.23
7.27
7.52
7.70
8.23
7.24
7.53
7.66
8.24
7.30
7.57
7.74
8.24
7.30
7.56
7.75
8.23
8.26
8.67
9.04
7.57
8.13
8.38
7.43
8.05
8.37
7.68
8.23
8.40
7.80
8.39
8.43
7.85
8.34
8.46
7.80
8.30
8.48
7.64
8.12
8.39
7.58
8.04
8.25
7.46
7.96
8.13
7.42
7.92
8.12
7.34
7.85
7.98
7.39
7.84
8.00
7.35
7.81
8.03
7.42
7.87
8.04
7.43
7.88
8.01
.do
do
6.34
6.50
5.46
5.70
5.69
5.65
5.70
6.14
6.19
6.22
6.05
6.31
5.39
5.95
5.24
5.52
5.11
5.24
5.44
5.30
5.02
5.36
5.35
5.25
5.29
5.33
5.40
5.30
5.20
5.45
5.15
5.26
.-do
6.59
5.82
5.75
5.96
5.94
5.91
5.78
5.56
5.46
5.44
5.62
5.62
5.67
5.66
5.74
5.64
8.99
9.76
4.69
3.92
6.77
10.44
8.81
9.50
4.77
3.78
7.28
10.62
8.85
9.57
4.78
3.82
7.28
10.57
8.85
9.55
4.78
3.85
7.28
10.57
8.85
9.57
4.78
3.84
7.28
10.57
8.82
9.53
4.78
3.84
7.28
10.57
8.77
9.43
4.78
3.84
7.28
10. 66
8.76
9.43
4.78
3.84
7.28
10.70
8.75
9.41
4.78
3.84
7.28
10.70
8.73
9.39
4.79
3.49
7.28
10.70
8.73
9.39
4.81
3.51
7.31
10.77
8.75
9.42
4.83
3. 51
7.31
10.79
8.78
9.45
4.83
3.58
7.31
10.91
"8.79
9.45
4.86
3.58
7.31
10.91
8.80
9.49
4.86
3.58
7.31
10.99
8.88
9.58
4.86
3.81
7.31
11.02
226. 70
270. 83
79.06
65 61
261. 43
318. 75
84.16
85.12
277. 35
339. 59
85.82
87.10
263. 90
324.75
81.51
83.44
261. 94
320. 58
84.95
84.56
251. 35
305. 79
83.31
81.86
262. 95
322. 28
79.70
93.50
261. 31
320. 26
78.81
93.32
251. 49
306. 25
82.41
86.56
251. 26
306. 87
79.80
82.15
271.78
333. 51
85.56
92.07
276. 91
341. 04
84.18
95. 27
281. 04
348. 64
81.48
94.21
285. 67
354. 30
80.77
95.75
286.59
356. 26
77.94
94 88
289. 90
361. 77
77.13
92 59
3.97
3.60
5 94
5.97
4 03
4.02
3.37
2.98
5.67
4.44
4 14
3.25
3.19
2.82
5.56
4.39
3.95
3.27
3.35
2.94
5.86
4.61
4.26
3.35
3.38
2.99
5.63
4.54
4.39
3.15
3.51
3.12
5.74
4.69
4.46
3.15
3.34
2.93
6.00
4.11
4.34
3.08
3.35
2.94
6.07
4.11
4.31
3.11
3.48
3.07
5.80
4.44
4.19
3.31
3.47
3.06
6.00
4.25
3.97
3.33
3.21
2.82
5.62
3.81
3.84
3.27
3.16
2.76
5.74
3.68
3.88
3.28
3.12
2.71
5.93
3.80
3.91
3.24
3.08
2.67
6.02
3.74
3.58
3.14
3 07
2.66
6 24
3 77
3 43
2 90
3.06
2.65
6 30
4 11
3 49
2 82
_percent__
__
_
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
U.S. Treasury bonds, taxable©
do
__do
do
do
do
___do
do
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
Property and casualty insurance cos ...do
Price per share, end of mo., composite
Industrials
Public utilities
Railroads
_
do
do
_._do
do
Yields, composite
,
Industrials
Public utilities..
Railroads
N.Y. banks
Property and casualty insurance cos
percent
do_
do
do
do
do . . _
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.) :
18.31
Industrials
_
dollars
15.30 ' 17. 58
6.88
Public utilities
do
P7.01
6 89
Railroads
do
4.04
3.93
( 3.53
r
Revised.
*> Preliminary.
1 End of year.
*New series; more detailed information
appears in the February 1972 Federal Reserve Bulletin.
9 Includes data not shown separately.
§ Beginning April 1971 SUEVEY, data res tated to include "other transportation" in addition to railroad data formerly shown.
r 18. 57
19.86
15.05
*7.21
P 7.14
7.10
*4.46
4.32
3.93
cf Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
0 For bonds due or callable in 10 years or more.
S-21
SURVEY OF CURRENT BUSINESS
June 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
Annual
1972
1971
1971
Apr.
May
June
July
Aug.
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-.
7.22
6.75
243. 92
753 19
108 75
152 36
298. 12
884 76
117 22
217 20
309
932
122
217
83.22
'98. 29
103.04
101. 64
r 91. 29
87.87
80.22
54.48
32 13
108. 35
102. 80
99.78
59.33
41.94
113. 68
109. 38
102. 41
62.06
42.29
112 41
108 61
101. 96
59 20
42 05
do... . 43.83
do. _
77.06
••46. 31
87.06
49.05
93. 01
46.24
88 82
44.68
85.97
78.34
115. 04
112. 76
114.06
45.72
48 03
32 14
37 24
60 00
54.22
57 92
44 35
39 44
70 38
56.81
60 65
45 35
41 73
73 91
185 027
5 916
18 678
147 098
4,265
14 850
3 891
741 83
17, 500
Prices:
Dow- Jones averages (65 stocks).
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks).
Standard & Poor's Corporation :cf
Industrial, public utility, and railroad:
Combined index (500 stocks).... 1941-43 =10..
Industrial, total (425 stocks) 9
Capital goods (116 stocks)
Consumers' goods (184 stocks)
Public utility (55 stocks)
Railroad (20 stocks)
Banks:
New York City (9 stocks)
Outside New York City (16 stocks)
do. _
do _ _ _
do
do
do_ _
Property-liability insurance (16 stocks)_,do
New York Stock Exchange common stock indexes:
Composite
12/31/65=50..
Industrial
_
do
Transportation .
do
Utility
__
_
do
Finance.
_
do
Sales:
Total on all registered exchanges (SEC):
Market value
mil $
131 126
Shares sold _ ._
millions
4*539
On New York Stock Exchange:
Market value
mil. $ 103 063
Shares sold (cleared or settled)
millions..
3,213
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
2 937
(sales effected)
millions
Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares
bil. $
Number of shares listed
millions
612 49
15, 522
6.59
11
54
92
16
6.82
307
925
117
221
39
49
75
10
6.99
300
900
114
217
7.03
23
43
36
96
298
887
118
214
28
81
12
94
7.04
297
875
113
222
74
40
28
89
6.90
308. 42
901 22
111 20
241 35
6.75
302
872
113
236
19
15
76
52
6.78
285
822
111
221
91
11
03
48
6.81
301.72
869 90
112 43
237. 81
6.67
6.76
6.91
6.90
61
55
84
85
317. 15
914 37
113.41
255. 10
323. 84
939 23
114. 34
259. 48
329. 83
958. 16
110. 56
270. 08
322. 26
948. 22
108. 80
257. 34
6.57
315
904
118
249
99.00
97.24
99.40
97.29
92.78
99.17
103.30
105.24
107. 69
108.81
107. 65
110. 26 109 09
105. 46 r!02 48
100. 96 100.65
57.90
60 08
42. 12
42 05
107 26
100 90
99.82
57 51
43.55
109 85
104 55
103. 34
56 48
47 18
107. 28
100. 66
101. 31
67.41
44.58
102 21
95 51
97.47
55 86
41 19
109. 67
103. 78
103. 92
57.07
43.17
114. 12
109. 69
106. 45
60 19
45.16
116. 86
113. 90
109. 42
57.41
45. 66
119. 73
116. 89
113. 20
57.73
46.48
121. 34
120. 19
115. 05
55.70
47.38
120. 16
119. 65
112. 67
54.94
45.06
44.54
85 83
42.97
85.08
45.10
85 09
46.91
84.98
46.42
83 55
49.79
88.74
49.70
90.16
49.28
90.19
62.16
94.79
55.76
103. 47
55.57
101. 57
119. 24
126. 23
123. 73
127. 11
120.71
115.65
119.58
119. 26
122. 20
128. 19
133.66
139.43
56.00
60 21
45 48
39 70
70 89
55.06
59 25
44 90
38 71
70 01
54.83
58 70
44 02
39 72
70 42
53.73
57 62
44 83
38 17
69 41
54.95
59 13
48 09
37 53
72 14
53.76
57 52
47 02
37 93
71 24
51.17
54 50
44 29
36 87
68 98
54.76
58 85
48 34
37.52
72 28
57.19
61 33
50 56
40 02
74 24
58.45
63 36
52 80
38 56
73 74
59. 96
65 18
53.71
38. 56
77 15
60.65
66 10
55 50
37. 48
80 36
59.82
65 30
53 43
37 04
78 32
16 670
15 186
15 563
12 833
12 304
17 648
21 408
609
661
18 448
574
16 872
*547
18 549
409
460
12 994
462
15 327
635
13 368
12 249
12 271
10 165
12 971
16, 439
14, 122
337
286
289
14 278
337
9 757
13 997
395
!0 903
'296
295
416
376
423
460
413
402
303
304
265
321
253
280
276
378
380
376
404
368
336
734. 34
16, 375
706 82
16 471
709 69
16, 663
684 56
16 797
711. 93
16, 915
709 00
17 032
681 17
17, 170
679 42
17 320
741. 83
17 500
761 35
17, 589
782. 94
17, 692
790.22
17, 777
791. 04
17, 916
810 43
18, 113
581
415
99.72
r
393
403
10 214
405
584
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value of Exports
Exports (mdse.), incl. reexports, total
Excl. Dept. of Defense shipments..
Seasonally adjusted _
By geographic regions:
Africa
Asia
_ _
Australia and Oceania .
Europe
mil. $.. 43,224.0 44, 136. 6
do
do
do
do
do
do
_
Northern North America
Southern North America
South America __ _
do
do
do
By leading countries:
Africa:
Egypt
Republic of South Africa
3,424.1 4,264.9 2, 893. 2 3,263.9 4,088.9 3,872.6 3, 818. 4 4,349.2 3, 936. 7
4, 195. 5
42, 659. 3 43, 555. 3 3,805.5 3,913.5 3,685.6 3,338.3 3,366.5 4, 225. 1 2, 827. 8 3, 220. 7 4, 056. 5 3, 814. 8 3,780.0 4,309.7 3,886.6
3 521 3 3 782 6 3 660 7 3 492 7 3 678 0 4 510 6 2 709 9 3 159 7 3 858 6 4 220 8 3 805 6 3 890 7 3 760 3
4,142.8
3 913 5
1, 579. 1
10 022 8
1, 188. 2
14,816.8
114.6
900 4
72 4
1 388 4
3,849.5 3,970.4
3,740.1 3,395.9
1, 694. 1 137.2
131 6
142 6
9 849 5 889 6
930 8
823 8
1 168 8 105 8
73 8
85 8
14, 574. 1 1 303 0 1 324 4 1 149 5 1
173 2
53 3
160 1
141 7
981 5
708 1 704 1
616 7
104 9
100 1
93 3
130 6
120 0 1 114 9 1 421 1 820 7
113.2
106. 7
183 0
148 7
131 3 136 6
737 1
912 4
809 8 1 068 8 876 0
871 5
95
0
85 7
73 7
117 7
91 0
81 6
988 8 1 404 2 1 304 2 1 289 6 1 436 5 1, 248 5
9, 080. 3 10, 367. 7
3, 241. 3 3 154 2
3 290 0 3 328 2
883.8
271 9
281 7
936 0
267 1
306 8
999 1
265 4
273 8
740 7
272 8
302 8
777 4
259 6
295 5
908 0
310 0
366 1
917 6
223 6
161 2
931.9
230 8
194 9
876 6
287 4
307 5
859 5
262 0
309 1
925 2 1 024 3 1, 071. 0
275 0
274 5
296 1
297 o
291 9
267 3
1 120.1
290 5
309 1
.__
do
do
77 2
562.7
62 9
622.4
4 2
44.0
38
46.7
27
49.2
10 3
50.2
o5
47.3
6 7
65.2
2 0
17.8
40
52.1
82
88.8
52
67.4
59
38.3
91
48.4
86
40.7
35
36.4
Asia; Australia and Oceania:
Au stra lia , inclu ding New Guinea
India
Pakistan
Malaysia
do
do
do
do
1,003.5
572.5
325.4
66.6
1, 018. 8
648.2
211.6
73.8
91.7
87 1
16.9
50
64.6
78.3
18.8
51
72.7
49 5
11 6
95
81.8
52 1
16 7
4 4
119.7
45 9
15 6
60
91.7
29 4
89
90.4
38 7
14 4
47
62.3
44 0
40
55
100.0
51 8
58
84
69.2
41 8
14 9
76
74.2
29 2
15 7
6 6
80.2
45 9
19 9
95
72.0
18 3
25.4
11 4
59.5
21 7
13.3
92
do
do
do
266 0
373.2
4, 651. 9
263.0
340. 2
4, 054. 7
17 3
30.4
331.2
27 2
29.8
370.5
25 6
36.6
303 4
21 4
25.5
261 0
18 9
25.0
299 7
34 4
34.6
371 2
10 8
16 4
291 6
17 8
21.5
329 0
24 2
35.6
403 9
27 7
29 7
370 9
25 4
25.1
321 7
18 1
34 8
512 6
35 0
28.4
372 8
26 9
30.6
375 0
do
do
do
1, 483. 0
32.5
2, 740. 7
1, 380. 2.
25.4
2, 832. 0
124.7
1.5
298.1
131.4
.7
274.4
113. 6
1.2
219 0
108.3
.3
240 9
109.9
.2
217 1
132 7
18
259 9
80 3
.7
164 0
82.8
2.6
203 2
125.3
7.1
261 4
121 9
15
229 3
144. 1
1.7
233 2
172 4
5.7
251 7
123.5
.4
234 7
129.4
.3
237 3
do
do
do
1 353 0 1 314 0
160.6
118.7
2, 536. 3 2 374.0
119 5
12.2
189.4
143.6
8.0
194.4
92 2
11.0
179 0
87 1
12.8
164 4
96 3
10.8
156 3
120 8
14.9
240 4
65 7
9.3
133 2
90 5
13.7
153 9
142 6
26.6
255 7
110 8
21.6
253 8
114 4
29.6
182 8
144 8
35.1
277 0
110 7
30.2
201 8
163 6
29.1
197 5
740.7
777.4
908.0
917. 6
931.9
876.6
859.5
925.2 1.024.2 1.070.9
1.119.9
Indonesia _
Philippines
Japan
Europe:
France
East Germany
West Germany
_.._
__
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
do
9.079.3 10.365.7
934.6
999.1
883.8
r Revised.
cfNumber of stocks represents number currently used; the change in number does not
affect continuity of the series.
9 Includes data not shown separately.
g-22
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
| 1971
Annual
June 1972
1971
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value of Exports— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America— Continued
Latin American Republics, total?
mil. $._ 5,695.2
441.0
Argentina
do_ __
840.5
Brazil
do
300.3
Chile
do
394.8
Colombia
do.
1, 703. 7
Mexico
-do
759.3
Venezuela
do
Exports of U.S. merchandise, total
Excluding military grant-aid..
Agricultural products, total
Nonagricultural products, total
do
do
do
__do
42,590.1
42,025.4
7,246.8
35,343.3
5,667.0
391.0
966.3
223.7
378.0
1,622.1
787.1
484. 3
34.6
80.0
18.5
31.5
137.3
71.8
501.5
38.9
88.0
18.4
32.9
135.1
79.9
3,497.2 3,785.6 , 911. 2
2,915.9 3,741.6 , 854. 3
7, 694. 9
633.5
623.6
5,802.3 , 174. 2 3.287.6
477.8
29.1
72.9
19.3
29.5
135.7
70.0
502.5
32.9
88.9
20.2
35.1
135.5
70.7
487.2
32.9
80.2
20.4
31.1
126.5
76.0
, 679. 2 3,350.6 3,377.0
, 624. 7 3,292.9 3,319.4
579.0 546.0
605.6
,073.6 , 773. 3 830.7
329.6
13.5
48.8
10.0
18.4
131.3
39.8
372.8
17.0
60.8
14.0
30.2
136.1
43.1
520.9
43.9
87.5
20.5
29.5
150.8
69.3
504.3
41.8
88.0
17.8
29.6
133.2
74.4
502.6
34.1
96.9
18.2
28.9
140.5
69.9
,209.5 2, 841. 0
, 169. 7 2, 775. 6
749.8 466.3
, 459. 6 , 374. 7
,219.5
, 176. 4
629.2
,590.3
,032.1
,999.6
842.4
, 189. 7
, 823. 8
, 765. 9
770.1
,053.7
761.1
, 722. 7
715.2
, 045. 9
460.3
23.2
224.4
379.4
14.9
215.8
373.0
14.5
229.2
376.4
17.7
198.8
361.7
18.8
214.4
49.5
34.3
59.0
584.2
47.1
107.5
24.5
37.5
134.8
82.3
478.3
23.1
90.5
12.8
23.2
153.7
70.3
534.3
34.5
102.7
25.6
24.5
159.7
72.3
289.5 3, 861. 5
250.0 3,811.5
628.2
668.6
,620.9 3,233.3
4, 127. 1
4,074.4
711.9
3,415.3
515. 1
26.4
95.7
16.6
25.0
158.8
73.4
By commodity groups and principal commodi- ,
ties:
Food and live animals 9
mil. $__ 4,356.3
174.7
Meats and preparations (incl. poultry).- do
2,596.0
Grains and cereal preparations
do
4,365.0
192.0
2,447.4
343.0
14.3
195.8
358.6
15.9
213.2
334.9
15. 0
172.3
323.6
13.3
184.2
308.5
18.1
170.8
444. 9
17.4
277.6
284.1
14.6
137.5
381. 9
17.3
189.6
do
701.7
709.6
57.9
64.3
60.0
61.4
74.4
122.7
10.1
12.0
76.2
126.2
112.0
Crude materials, inedible, exc. fuels 9 — do
Cotton, raw, excl. linters and waste
do
Soybeans, exc. canned or prepared
do
Metal ores concentrates and scrap
do
4,604.8
372.1
1,215.9
939.5
397.7
53.9
134.9
25.4
378.2
65.2
110.4
30.7
436.2
72.1
102.9
41.9
399.1
45.8
125.9
30.8
386.8
27.7
109.7
41.9
116.6
71.6
38.5
52.4
337.8
357.4
58.8
62.9
42.9
109.1
70.5
31.4
39.7
351.8
391.9
59.8
65.4
53.2
136.5
87.4
42.8
38.2
342.3
434.8
63.8
74.7
55.6
131.6
88.8
35.1
35.8
294.1
387.5
61.2
61.4
51.0
135.8
96.4
35.6
42.0
343.5
413.8
64.0
69.3
47.5
19,464.8 , 728. 1 1,840.1 1,633.0 1,421.8 1,383.0 1, 815. 5 , 384. 2 1, 498. 2 1,760.3 1,664.9 1, 637. 4 2, 057. 6 1,801.0
11,596.0 , 012. 3 994.7 959.2
893.4 1,083.6 1, 047. 6 1, 026. 7 1, 190. 3 1,086.3
908.3
861.9 1 100 6 822.6
63.1
64.2
48.7
71.0
596.7
40.7
38.2
44.3
53.2
49.6
60.7
53.2
43.3
59.1
27.7
38.4
35.2
33.8
404.5
39.0
47.1
32.3
29.8
27.7
32.6
31.1
21.5
36.7
121.5
142.7
122.0
1,404.2
145.4
121.8
101.3
98.0
126.6
110.3
143.2
111.9
94.5
140.0
276.4
323.2
291.9
3,068.0
296.3
300.5
240.3
264.9
238.4 291.7 234.6
244.3
255.1
246.9
610.8 867.3
714.7
7,895.7
617.3
604.7
676.7
521.1 714.8
845.4 673.8
513.5
715.8
561.6
368.5 418.5
415.5
4, 151. 1 358.7
341.5
351.6
280.0
337.1
393.7 415.7
271.8
416.3 288.3
250.6
284.0
271.3
2,733.6
240.6
211.3
258.7
232.1
232.8
231.2
221.1
233. 4
258.0 185.4
117.4
145.1
133.9
1,535.2
150.8
107.1
113.8
146.5
125.3
157.1
134.9
135. 3
124.7
122.0
1, 895. 2
1,119.3
71.9
38.6
139.5
305.6
775.8
438.7
264.2
137.9
177. 3 4,844.2 4, 247. 9
4,278.2 3,690.4 3,844.2 4, 253. 7 3, 471. 6 3, 530. 5 4,282.7 4, 279. 9 4,
4,018.6 3,789.7 3,934.3 4, 245. 2 3, 531. 3 3, 386. 9 4,132.3 4 539 6 4, 403. 2 4 475. 0 4, 459. 7
4, 722. 2
4,465.9
Beverages and tobacco
4,326.2
683.5
1,324.8
485.9
381.9
62.4
102.9
48.2
353.2
44.6
92.8
45.2
361.5
44.5
110.0
40.3
298.4
31.2
109.2
39.8
302.5
24.4
102.7
35.4
369.2
47.8
93.7
53.2
226.5
29.7
90.9
24.3
371.7
42.0
146.4
21.9
463.3
65.4
158.4
37.5
Mineral fuels, lubricants, etc. 9
do— 1,594.7 1,497.4
1, 044. 1
950.7
Coal and related products
do
487.9
478.9
Petroleum and products
do
493.0
615. 0
Animal and vegetable oils, fats, waxes — do
3,825.6 3,837.4
Chemicals
do
5,065.2 4,413.0
Manufactured goods 9
do
632.1
603.1
Textiles
-do
791.1
1,268.8
Iron and steel
do
595.6
892.5
Nonferrous base metals
__do
141.8
86.4
50.0
54.2
323.9
388.6
53.9
65.8
60.2
147.7
99.8
42.7
49.2
338.8
380.8
53.7
65.3
57.5
133.5
89.1
41.0
49.3
347.9
390.4
50.0
72.7
54.1
107.1
65.0
36.6
62.7
368.0
353.3
50.1
72.1
35.3
167.3
117.3
45.6
45.4
385.4
352.2
56.0
57.4
36.7
158.2
106.7
45.4
58.1
424.7
436.3
67.9
70.7
51.7
87.1
53.3
29.4
40.6
205. 3
253.0
33.0
39.3
24.3
62.1
19.8
35.8
37.0
223.1
315.2
44.8
65.5
36.1
122.1
76.4
36.4
58.9
309.1
409.3
66.8
83.5
56.0
Machinery and transport equipment, total
mil. $__ 17,881.9
11,379.3
Machinery total 9
do
626.4
Agricultural
__do_>__
395.7
Metalworking
__do
1,422.3
Construction, excav. and mining
do
2,999.2
Electrical
do
6,502.6
Transport equipment, total ._
do
3,550.0
Motor vehicles and parts.
do
2,570.7
Miscellaneous manufactured articles
do
1,496.3
Commodities not classified
do
Value of Imports
39,951.6
General Imports, total
do
Seasonally adjusted
do
By geographic regions:
1,112.9
Africa
_ .__
_
do
9,621.2
Asia
- - do
870.6
Australia and Oceania
do
11,394.6
Europe
do
11,094.8
Northern North America
do
2,850.1
Southern North America
__
do
2,983.1
South America
__do
By leading countries:
Africa:
22.9
Egypt
do
290.2
Republic of South Africa
do
Asia; Australia and Oceania:
622.6
Australia, including New Guinea
- do_ __
298.1
India
do
80.2
Pakistan
—
_ do
270.2
Malaysia
__
do
182.4
Indonesia
do
471.7
Philippines
do._
5,875.4
Japan
.»
_ _ _ do
Europe:
942.3
France
- - do
9.4
East Germany
_
_
__do
3,127.0
West Germany
do
1,316.0
Italy
do
72.2
Union of Soviet Socialist Republics
do
2,193.6
United Kingdom
do
North and South America:
11,092.0
Canada.
do
4,778.9
Latin American Republics, total 9 _ do
171.8
Argentina
__do
669.5
Brazil
do__157.0
Chile
. do268.8
Colombia _
_ _ _
do_.
1,218.5
Mexico
do
Venezuela
do
1,082.0
By commodity groups and principal commodities:
5, 767. 4
Agricultural products, total
do
Nonaericultural nroducts. total
do__. 34. 184. 2
* Revised.
9 Includes data not shown separately.
45, 602. 1 3,893.2 3,840.6
3,753.6 3,983.2
119.4
104.1
113.1
1,236.8
81.0
139.9
78.6
113.3
106.1 104.3
134.7
96.3
999.3
979.5 935.1 1, 119. 2 851.5 934.8 1, 104. 0 946.7 1, 060. 9 1,327.0 1, 126. 7
11,782.5
68.4
66.0
68.6
895.0
45.3
98.7
88.1
62.3
76.7
120.4
83.4
86.3
788.7 1,032.3 1, 244. 2 1, 240. 6
12, 845. 6 1, 108. 1 1, 114. 8 1, 216. 4 1, 185. 1 1 107 7 1, 216. 8
920.9
0
12, 765. 6 1, 081. 5 1, 105. 8 1, 217. 0
968.3 961.1 1, 116. 4 1, 094. 9 1, 139. 4 1,130.4 1, 106. 6 1, 144.
290.1
296.1
278.8 269.6
245.3
3,001.4
281.4
242.2
187.4
222.9
230.9
260.0
312.0
330.8
263.4 233.2
3,033.9
169.1
269.4
306.0
335.5 178.3
280.3 276.7
449.0
27.6
265.2
111.3
126.4
1, 332. 1 1, 108. 0
95.3
73.3
1, 427. 6 1, 159. 7
1, 288. 6 1,234.3
310.6
' 317. 5
223.4
275.8
139.1
1,251.3
94.9
1,330.8
1,339.5
315.1
246.0
19.1
286.5
2.4
19.5
.9
33.5
.7
28.8
.7
19.2
2.1
17.7
4.3
30.4
1.2
23.2
.9
17.3
1.5
30.4
1.5
17.4
1.3
23.1
.6
34.4
1.8
21.1
.4
33.3
636.2
329.2
77.1
269.1
207.2
495.8
7, 260. 9
45.8
26.9
7.0
22.6
17.6
47.0
614.5
55.3
28.0
3.2
19.9
18.8
38.4
574.5
57.4
31.7
4.2
32.2
17.5
48.8
685.1
63.4
26.2
4.7
13.9
17.4
39.8
490.6
52.2
30.2
6.8
30.1
21.4
41.8
530.4
89.0
41.9
8.8
24.3
20.7
47.2
649.4
48.8
15.3
3.1
17.5
12.9
38.3
604.5
34.5
17.4
3.7
22.3
14.2
39.8
706.5
72.9
36.2
9.3
26.8
18.4
64.4
811.0
49.6
42.1
5.6
27.8
23.7
22.8
664.5
46.8
34.5
5.8
29.0
19.6
30.0
580.7
48.7
38.2
1.5
26.0
17.1
49.1
847.1
72.7
30.4
3.5
20.6
23.2
28.9
691.7
62.1
42.5
4.0
30.7
21.7
32.2
769.3
1,087.8
10.1
3,650.8
1,406.0
56.8
2,459.1
94.2
.8
313.6
121.0
5.0
205.2
102.3
.9
299.5
109.9
6.4
230.2
108.8
.8
336.6
128.1
6.1
246.6
101.4
.9
336.0
128.1
5.1
222.9
102.5
.9
347.6
149.4
3.7
235.5
98.7
1.0
356.8
120.9
5.3
235.4
65.7
.6
264.2
93.5
4.8
193.5
71.0
.4
222.3
89.2
2.3
150.9
75.8
1.1
299.7
120.5
3.0
182.8
102.1
1.6
325.2
155.2
3.8
226.9
103.5
1.1
336.3
142.9
4.6
232.1
138.0
1.0
385.7
164.3
5.8
263.7
98.2
317]
139.
1.
214.
112.9
.5
395.7
132.3
7.9
245.6
12,761.7 1, 081. 3 1,105.7 1, 216. 7
4,882.3 450.1 405.4 441.8
13.5
15.9
175.9
10.6
59.8
81.7
46.8
761.8
9.7
7.1
5.7
90.9
23.2
22.0
20.3
239.4
124.2
105.0
114.4
1,262.5
107.9
107.4
104.8
1,215.8
967.7
406.3
17.4
76.7
9.4
27.4
83.4
100.2
961.0 1, 115. 1 1,094.9 1, 139. 1 1, 129. 9 1, 105. 8 1, 143. 4 1, 288. 1 1, 234.
421.
512.9
486.9
518.6
453.8
449.0
315.2
461.8 283.8
17.
16.7
15.3
16.8
19.1
12.5
20.6
8.9
22.5
98.1
48.
50.5
100.1
32. S
100.1
62.7
26.7
103.1
6.4
4.
10.7
4.5
2.7
.6
6.8
14.7
14.
31.6
17.9
30.4
9*.0
23.1
10.7
22.6
26.7
144.
145.
6
155.0
122.4
120.2
84.9
116.3
88.9
88.2
97.2
95.
127.8
119.6
95.5
109.2
85.8
104.0
102.5
1,339.2
456.1
14.8
64.3
3.3
24.5
155.1
87.0
487.
590.5 507.9
585.8
550.9
286.0
291.0
555.9
625.0
529.8
487.3
5,768.1 555.3 479.7
39.834.0 3,342.3 3,365.2 3,753.4 3,211.8 3,291.3 3,628.7 3,185.6 3,239.6 3,731.8 3, 694. 1 3, 586. 8 4,336.2 3,760.
534.9
4,187.3
SURVEY OF CUEKENT BUSINESS
June 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
Annual
S-23
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value of Imports— Continued
General imports— Continued
By commodity groups and principal commodities:
Food and live animals °
mil. $ 5,374 7 5 531 2 522 1
200.7
Cocoa or cacao beans
do
181 3
17 3
1, 159. 5 1 167 8 110 4
Coffee
do
1, 014. 4 1 050 4
Meats and preparations _
do__
83 7
725.3
Sugar
do
763 6
81 1
855.0
Beverages and tobacco
do
875 5
70 4
3,307.2 3,384.6
Crude materials, inedible, exc. fuels 9
do
281.6
1, 148. 9 1 043 6
Metal ores
do
86 1
501.9
Paper base stocks
do
502. 3
44 0
201.7
Textile
fibers
do
158 4
16 0
236.5
Rubber
_
do
216 0
15 1
Mineral fuels, lubricants, etc___
Petroleum and products
do
do
3,074.7
2,764.3
3, 714. 7
3,323.3
269.3
234.5
171.8
446 1
99
95 2
79 5
58 8
74 6
297.7
105 2
39 8
13 1
17 1
500 7
15 6
102 3
105 0
69 9
92 7
352.3
126 7
49.2
12 3
25 4
482 1
16 0
113 8
94 6
68 1
83 1
323.6
125 4
37 8
14 2
16 8
529 4
12 5
141 3
102 0
81 3
86 9
305.0
97 2
43.5
17 6
23 9
610 7
12 9
142 7
128 9
98 8
104 4
308.4
81 2
40 0
16 2
19 2
290 2
65
31 7
61 8
46 2
61 4
247.2
74 9
37 8
7 6
15 6
302 8
58
44 6
61 9
41 3
50 5
254.4
83 7
42 5
39
13 7
542 9
25 4
92 9
110 3
71 2
63 3
296.1
80 5
42.6
15 4
19 6
547 1
18 3
134 8
97 0
75 1
83 5
288.9
70 3
41.9
13 4
18 3
540 8
18 7
114 5
81.9
67.5
84 8
276.4
57 2
42.7
19 6
17 0
472 9
13 4
60 6
83 1
62.6
80.9
313.5
76.2
46.7
12 6
20.7
475 3
14 3
61 1
92 1
69 7
68 3
291.7
70 9
42 2
17 2
15 5
516 1
12 8
95 5
94 6
48.4
88.0
341.8
100.4
38.3
17 8
15 9
297.0
264.3
303.0
268.0
303.8
275. 6
327.2
298.7
333.1
303.0
309.8
276.4
331.7
307.8
400.9
354.7
398.4
352.5
375.4
331.9
427.4
388.5
354.9
299.7
375.3
334.6
Animal and vegetable oils and fats
do_ _
17 6
15 8
13.9
12 0
11.0
17 6
13 5
12 1
14 8
14.8
21.1
15.4
12 3
14.3
Chemicals
do
1, 450. 2
1 612 1 150 4
150 4
142 3
138 6
148 1
165 9
114 5
90 2
116 0
159 4
150 8
192 0
187 5
169 2
Manufactured goods 9
Iron and steel
Newsprint
Nonferrous metals
Textiles
do _
do
do
do
do
8, 438. 3
2, 030. 2
929.6
1, 655. 6
1, 135. 3
9 548. 5
2 725 4
988 5
1 552.7
1, 392. 0
851 4
260 8
83 2
130 3
120 9
948.2
300 0
85 2
149 5
132.3
783
254
74
122
113
0
3
2
9
2
812 5
236 7
75 6
135 8
112 8
896
259
88
149
134
701 5
219 6
83 1
95 5
82 2
865 5
202 9
94 8
150 6
151 4
872.3
175 0
81 9
150 8
148.1
800.6
184 0
77 7
142.2
120.4
930.0
182 9
83 7
177.1
134.7
804 9
155 8
89 7
138 8
115 0
993.7
266 5
92 2
168.6
126.7
,11,171.7 13 903.8 1 200 6 1 168 5 1 313 2
5, 288. 7 5, 967. 8
561.9
532 8
475 6
163.7
106.8
10.7
9.4
11.2
2, 271. 2 2 556.6
239 7
217 6
204 0
986
473
8
187
9 1 031 7 1 219 8 1 157 3 1 218 7 1 304 11 269.2 1, 334. 0 1 668.7 1 429 6
575.0
745.6
568.2
523 8
550 4
442 8
503 6
1
495 1
616 2
9.9
9.1
14.3
8.8
8 6
4
4 1
6.9
9 4
7 8
310.0
232 6
251 2
211 9
222 6
241 7
185 3
6
236 0
252 5
1,566.6
646.7
13.1
256.8
do
do
5, 883. 0
5, 067. 6
7, 936. 0
6, 846. 5
667.8
562.0
692.8
599.1
751.2
652.5
513 8
443 9
588 9
504.2
696 0
600 6
662 2
580 2
715 1
620 9
753.7
650.9
694.2
588.0
765.8
651.3
923.1
758.7
813 4
676 3
919.9
778.4
_do
4, 846. 3
5,384.1
436.5
416.0
492. 8
453.3
474.7
485.0
449.2
436.9
539.0
519.1
477.5
610.4
496 1
524.8
1, 273. 8
1, 475. 8
125.0
127.3
124.1
132 6
120.5
112 6
127 1
116 9
140.3
127.2
116.0
133.0
127 3
132.2
110.7
123.9
137.1
pl!4. 4
"122. 5
Pl40 1
116 2
126 8
147 4
114 6
131 7
150 9
112.8
125.8
141 9
113 2
114 0
129 0
113.0
115.0
130 0
113 8
143 5
163 3
115 0
94.5
108 7
113 8
109 3
124 4
115 4
135 8
156 6
115.8
127.4
147.5
117.0
124.6
145 8
115.5
144.1
166.4
111.6
133.1
148.6
P117. 6
?144. 3
*169. 7
116 1
149 9
173.9
116 9
146 7
171 6
117.2
163.1
191.1
117 8
140 2
165.1
118 0
145.5
171.7
117 4
161 7
189.8
119 8
129 3
154.9
120 4
130 8
157 6
118 4
161.5
191.1
118.7
161.0
191.0
121. 7
153.2
186.4
123.3
175.4
216.2
239, 774
24, 394
204, 057
22, 581
17 923
2,045
18 730
2 029
17 844
1 929
15 698
1,857
18, 182
1,865
20 320
2 434
12 933
989
13 772
1312
18 374
2 161
15, 432
2,044
15, 096
1,968
17, 592
2,102
294, 896
24, 339
311 936
26 983
25 157
2 399
27 363
2 381
29 567
2 710
27 546
2 365
28 528
2 379
28 126
2 603
23 824
1 735
26 271
1 624
28 004
2 377
27 209
2,519
25, 293
2,343
29, 266
2,816
11.98
50.9
1,710
11.74
49.6
1,563
10.27
46.3
1,439
12.06
50.1
1,670
9.30
172
55
8.19
189
55
9.61
210
63
2.44
119
42
2.08
129
39
2.44
148
44
27.0
436
27.6
437
27.2
488
Machinery and transport equipment
Machinery, total 9
Metalworking
Electrical
Transport equipment
Automobiles and parts
Miscellaneous manufactured articles
do
_ do
do
do
Commodities not classified
do
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1967=100
Quantity
do
Value
do
General imports:
Unit value__
_ _
_ do
Quantity
_ _ __
do
Value
_ _
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weightthous. sh. tons
Value...
_
mil. $
General imports:
Shipping weight. _ ..
thous. sh. tons
Value
mil. $
159.6
824.0
208 1
89 6
152 7
128 4
2
3
2
4
0
716
220
92
101
82
4
0
1
4
7
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)
bil__
Passenger-load factor§
percent..
Ton-miles (revenue), totalf
mil
131. 71
49.7
18, 166
i 135. 65
48.5
1 18, 685
Operating revenues 9 O
Passenger revenues
Freight and express revenues
Mail revenues
_
_
Operating expenses©
Net income after taxesQ
Domestic operations:
Passenger-miles (revenue)
Express and freight ton-miles.,..
Mail ton-miles
mil. $__
do
do
do
do
do
9,290
7,627
750
306
9,247
-201
10, 046
8,221
826
288
9,714
36
bil
mil..
do
104. 15
2,215
715
106. 29
2,275
707
Operating revenues©
Operating expenses©
Net income after taxes©
_
International and territorial operations:
Passenger-miles (revenue)....
Express and freight ton-miles
Mail ton-miles
mil $
do'
do
7,180
7,181
-184
7,745
7,501
23
bil
mil..
do
27.56
1,299
766
29.36
1,520
617
__ .mil. $_ .
do
do_"_
2,109
2,066
-17
2,300
2,214
13
Operating revenues©
Operating expenses©
Net income after taxes©
11.17
49.1
1,519
10.84
46.2
1,483
12.09
50.7
1,605
14.06
55.8
1,840
9.01
175
61
8.39
181
59
9.44
186
55
10.30
185
54
10.74
211
53
2.46
111
48
2.65
109
47
11.10
47.5
1,617
10.00
45.2
1,485
2,557
2,053
242
81
2,494
9
8.32
223
54
8.61
227
56
8.03
204
58
3.37
123
46
3.31
127
44
2.81
139
44
2.49
174
49
1.97
164
59
26.6
416
26.7
422
26.7
444
2.32
148
67
568
592
19
700
583
69
556
540
4.
9.66
216
80
1,990
1,902
28
2,101
1,899
100
1 950
1,866
21
2.16
113
52
11.14
47.4
1,573
2 801
2,306
220
66
2,482
169
2,507
2 073
192
70
2,407
17
Local Transit Lines
Fares, average cash rate...
cents
26.6
26.6
26.6
26.6
25.7
Passengers carried ("revenue)
mil" 5,903 ••5,515
484
'475
471
r
Revised.
* Preliminary.
1 Annual total reflects r Bvisions not dist ributed t 0
monthly or quarterly data.
9 Includes data not shown separately.
^Applies to passengers, baggage, cargo, and mail airried.
13.66
54.5
1,775
26.7
463
26.7
464
26.8
460
27.2
447
§P assenger- miles as a percent of availa ble seat-]miles in i evenue service; r sflects pr oportion
©Tot al reveniles, expeiases, and income
of se ating caiDacity ac tually sc Id and iitilized.
for al1 groups (}f carriers> also refUict nonsc heduled s ervice.
SURVEY OF CUKRENT BUSINESS
S-24
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
Apr.
Annual
June 1972
May
June
July
Aug.
1972
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity)
Carriers of property, class I:
Number of reporting carriers
Operating revenues, total _
mil. $__
Expenses, total- _
do
Freight carried (revenue)
mil. tons__
Freight carried, volume indexes, class I and II
(ATA):
Common and contract carriers of property
(qtrly )cf
average same period, 1967=100. .
Common carriers of general freight, seas. adj.
1967=100..
Carriers of passengers, class I:
Number of reporting carriers
Operating revenues, total
mil. $_.
Expenses, total
- do
Passengers carried (revenue)
mil-Class I Railroads
Financial operations, qtrly. (AAR):
Operating 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
Traffic:
Ton -miles of freight (net), revenue and nonrevenue
___ _
.
bil..
Re venue ton-miles, qtrly. (AAR)
do _..
Revenue per ton-mile
cents..
Passengers (revenue) carried 1 mile
mil..
1
1, 359
11,050
10, 655
554
1,381
8 6, 159
8 5, 812
8325
112.4
119.0
111.1
124.5
777. 2
764.8
4 1. 431
4 10,770
Travel
Hotels and motor-hotels: §
13.25
Average sale per occupied room
...dollars..
55
Rooms occupied
_ _% of total-114
Restaurant sales index.— same mo. 1951= 100. .
Foreign travel:
6, 659
U.S. citizens: Arrivals
thous..
6,499
Departures
do
4,065
Aliens: Arrivals—
___.do
3,449
Departures.. __do
2,219
Passports issued
..__. _
do
45, 753
National parks, visits^
do
129.2
130.3
171
722.2
638.4
173.5
11, 982
10, 913
420
' 9, 650
1,845
487
6229
122.0
125 6
124.7
127.6
128.7
121.5
112.0
119.9
125.0
124.9
125.7
' 129. 9
135.6
73
8345 3
8320 9
881.2
7 12, 689 03,044
11, 786 10 2, 777
7294
10102
10, 053 o 2, 406
1,939
10478
10161
698
6350 6 10 H2
73,371
3,139
769
2,573
521
277
6179
8 388. 9
197.8
1. 568
783,834
738. 3
9
7
73,102
2,885
756
2,458
478
166
666
7 3 094
2,888
7 62
2,506
447
142
668
2,530
496
170
679
179.3
176.1
185.2
260.5
18.73
62
132
19.07
66
143
1,553
327
2,184
314
2,898
1,287
13.56
54
114
14. 37
56
119
13.26
56
131
13.94
55
124
12.41
54
116
14.01
56
108
14.23
55
116
15.06
62
117
13.52
53
108
12.36
41
116
s 18. 33
353
103
18.02
58
109
7,591
7,059
4,325
3,567
2,399
48, 863
563
556
312
247
290
2,609
573
620
334
299
270
3,653
595
802
352
317
317
6,725
897
908
493
362
239
10,268
1,065
777
514
449
203
9,802
768
598
453
325
147
4,978
647
509
365
313
106
3,417
544
442
305
269
113
1,931
427
530
320
322
121
1,246
655
500
403
285
158
1,273
579
531
294
238
227
r
3, 195
262.4
328
4,390
COMMUNICATION (QTRLY.)
Telephone carriers:
ci ttatt
~~~ _
eve ues —
upeictu g exp« MJbvexi/uui g
^j®1 opera ti g i^ ome^
er a
— /I o
tjs>;
ut
;
ao___-
Telegraph carriers:
Domestic:
Net operating revenues (before taxes). ..do
International:
O
per
at'
o o
gep n e
/>.'*
e a mg evenues
"+.
~
\
An
A
18, 103
8,912
6,947
11, 581
3,058
104. 1
19, 812
9,699
7,655
12, 785
3,354
108.4
4,897
2, 386
1,909
3,109
859
105.9
5 008
2,446
1 941
3 325
809
107.1
5,146
2,526
1,959
3,304
873
108.4
402.5
334.6
34.0
396. 8
337. 0
31.7
98.7
85.3
48
95 5
82.7
4 4
111 4
90.2
15.7
193. 7
144.9
39.3
206.0
150.8
44.3
50.4
37.6
10.1
50.9
37 8
10.2
52.8
38.9
11.3
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene!
mil. cu. ft__
Ammonia, synthetic anhydrous__thous. sh. tons_.
Carbon dioxide, liquid, gas, and solidi_____do
Chlorine, gas (100% C12)J
do
14,834
13,098
1,115
'9,760
13,647
13, 719
1,258
1,237
1,248
102
778
1,350
1,256
100
765
1,317
1,140
117
777
1,185
1,061
120
784
1,038
1,149
131
788
1,018
1,099
117
772
1,055
1,166
112
1,119
1,151
103
1,093
1,245
99
842
1,023
1,108
91
' 1,002
* 1,169
'89
772
997
1,237
117
799
Hydrochloric acid (100% HC1)J
do.— ' 1,997
6,460
Nitric acid (100% HN0 3 )
.do.—
Oxygen (high and low purity)©
mil. cu. ft__ 329,729
Phosphoric acid (100% PjOs)
thous. sh. tons__ 4 5,466
Sodium carbonate (soda ash), synthetic (58%
Na 2 0)t
thous. sh. tons.. '4,393
Sodium bichromate and chromate
.do
'154
Sodium hydroxide (100% NaOH)t
do
.' 10,064
Sodium silicate, anhydrous
do
'645
Sodium sulfate, anhydroust
do
'1,368
Sulfuric acid (100% HjSOOt
_ _ d o _ _ _ . 29,577
2,025
6,671
313,416
6,034
167
598
27,634
539
587
28,934
519
180
524
27,344
479
173
488
26,322
472
158
510
20, 740
166
533
23,565
500
165
552
24,926
171
554
24,342
471
176
616
26, 274
541
173
588
27, 275
'174
'585
26,457
'509
189
625
28, 212
560
362
12
798
46
120
2,380
350
10
814
36
112
2,289
354
9
818
44
101
2,248
341
12
800
61
119
2,599
346
13
795
56
123
2,520
360
12
831
56
110
2,389
356
9
840
53
111
2,457
411
10
876
53
113
2,728
322
10
824
43
109
2,440
355
11
809
'47
110
' 2,447
351
11
840
r
2
4,275
131
9,692
605
1,350
29,285
Revised.
v Preliminary.
1 Number
of carriers filing complete reports for the year.
3
4
For month shown.
See note "§".
Annual total reflects revisions not distributed
to the monthly or quarterly data.
5 7Restated to include low purity oxygen. 6 Before
extraordinary and prior period items.
Reporting
roads only; excludes AMTRAK operations.
9
8 For six months ending in month shown.
Based on six months ending in month shown.
10 For 4th qtr. 1970.
cflnd'exes are directly comparable for the identical quarter of each year (and from year to
year).
9
791
47
106
2,300
637
542
49
122
2,679
2,685
tRevised monthly data back to 1969 will be
9 Includes data not shown separately,
shown later.
O Not comparable with data in 1971 BUSINESS STATISTICS.
§Effective Jan. 1972, data reflect an expanded sample that includes many motor-hotels;
comparable Apr. 1971 figures are as follows: Average sale per room, $18.73; occupancy, 62%.
KData include visits, effective Jan. and July 1971, to Guadalupe Mts. and Redwood National Parks, and effective Jan. 1972, to Arches and Capitol Reef National Parks.
SURVEY OF CURRENT BUSINESS
June 19T2
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
S-25
1971
1971
Annual
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar,
Apr.
May
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Organic chemicals, production:^©
Acetic anhydride
Acetvlsalicylic acid (aspirin)
Creosote oil
il, 589. 0 i 1,545.8
••135.2
31.7
119.2
' 1 103. 4
133.5
2.8
10.3
137.0
2.6
10.7
127.0
2.3
12.1
126.4
2.3
12.6
120.6
2.6
9.0
123.0
2.9
7.2
116.0
3.0
10.7
115.1
2.4
9.7
113.5
2.7
10.6
120.3 ' 118. 1
3.4
2.7
10.0
8.8
132.0
3.1
12.0
127.0
3.2
9.2
______mil. lb._ ' 1 161. 4 i 159. 8
'i 4,426.9 14,373.1
do
15.9
383.4
14.5
371.9
11.7
362.1
14.6
340.2
11.6
361.8
13.6
413.2
11.7
409.0
9.7
387.6
16.7
338. 3
11.5
13.1
400.2 ' 419. 1
17.2
449.5
16.5
440. 9
336.1
do
29.6
do
mil- gal 'i 742. 7
mil. lb._ 'i 734. 0
340.0
28.2
i 754. 7
i 766. 4
27.0
23.5
65.8
61.3
28.6
25.5
60.3
71.1
29.4
23.4
65.4
67.7
26.9
20.9
54.3
67.9
30.3
24.2
61.6
62.3
28.8
26.8
67.8
68.3
28.5
27.8
60.9
65.1
29.8
27.3
67.8
72.8
26.4
28.2
72.9
69.8
26.7
27.2
67.5
66.4
29.5
29.4
'64.1
'66.3
'29.0
'28.9
78.7
66.7
29.9
26.8
68.6
71.0
mil. tax gal__
do
_ do
do __
630.5
164.0
513. 8
84.7
553.8
132.8
436.5
88.0
44.4
151. 2
38.1
6.6
43.4
148.2
38.8
6.5
48.6
150.1
38.8
7.7
43.7
151.9
33.1
7.0
43.6
146.1
35.2
7.7
46.9
138.8
34.2
7.9
66.4
135.0
37.9
8.2
51.6
136.7
37.1
9.0
46.9
132.8
36.2
7.5
38.0
126.5
35.1
6.7
43.8
123.3
36.8
6.5
46.1
108.6
39.0
7.7
mil. wine gal-_ do_ __
do
276.9
276.2
3.0
234.0
234.5
2.9
20.6
20.7
2.7
20.9
21.0
2.8
21.1
21.7
2.3
18.0
17.7
2.6
19.0
18.9
2.8
18.3
18.4
2.7
20.3
20.1
2.9
18.2
18.2
2.9
19.6
19.6
2.9
18.9
19.4
2.4
19.7
19.6
2.5
21.0
20.8
2.9
16, 005 i 17, 106
1,050
1,133
12, 543 i 13,431
1,033
966
1,680
94
1,381
72
1,210
61
968
90
1,418
92
1,122
108
1,616
82
1,256
91
1,350
129
1,005
85
1,666
95
1,327
101
1,318
111
1,010
88
1,322
64
1,079
78
1,308
133
899
85
1,630
137
1,209
109
1, 563
92
1,072
121
1,185
123
882
67
2,034
68
1,802
60
326
218
4,165
129
374
229
i 4, 549
203
104
18
475
34
58
20
518
13
18
6
184
28
14
7
272
17
17
21
407
23
31
11
463
47
19
34
354
(3)
14
15
468
0
17
13
316
2
28
28
468
13
36
34
377
14
52
36
582
6
71
38
640
5
4,603
6,026
895
391
276
270
325
364
437
404
389
423
381
651
603
4,596
484
4, 966
389
436
262
415
258
393
336
378
406
394
382
420
339
418
287
415
343
484
389
417
389
'443
'338
505
279
491
224
Explosives (industrial), shipments, quarterly §
mil. lb_. 2,046.5
2, 120. 0
mil Ib
do
mil. gal
Ethyl acetate (85%)
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks end of period
Metbanol synthetic
.
Phthalic anhydride
ALCOHOL
Ethyl alcohol and spirits:!
Production
.
Stocks end of period
Used for denaturation
Taxable withdrawals
Denatured alcohol :t
Production
Consumption (withdrawals)
Stocks end of period
FERTILIZERS
Exports, total 9
Nitrogenous materials
Phosphate materials
Potash materials
Imports:
Ammonium nitrate
Ammonium sulfate _
Potassium chloride
Sodium nitrate
thous. sh. tons
__ _ do __
___do
do
-
do _
do __
do
do __
_
Potash deliveries (KjO)
do
Superphosphate and other phosphatic fertilizers
(100%P205):
Production J.._
thous. sh. tonsStocks, end of period
_ _ _
do_ -
P565
MISCELLANEOUS PRODUCTS
585.4
667.7
522. 6
486.9
Paints, varnish, and lacquer, factory shipments:
Total shipments _
mil. $
2, 737. 1 2, 830. 9
Trade products
do
1,497.6 1, 562. 8
Industrial
finishes
do __ 1,239. 4 1, 268. 2
253. 0
142.9
110.2
258.2
145.7
112.5
291.6
169.7
121.9
254.1
156.6
97.5
274.0
158.9
115.1
266.8
149.9
116.9
226.8
119.6
107.2
208.9
107.6
101. 3
183.3
90.8
92.5
209.6 ' 226. 0
101.4 ' 117. 4
108.2
108.7
261.0
140.2
120.8
253.7
143.1
110.7
Sulfur, native (Frasch) and recovered:
Production
thous Ig tons
Stocks (producers'), end of period
do
5 8, 616
4,311
684
4,069
716
4,119
686
4,095
721
4,156
734
4,190
696
4,208
769
4,321
745
4,388
754
4, 311
748
4,374
777
4,274
732
4,267
Thermosetting resins:
Alky d resins
Polyester resins
_
Phenolic and other tar acid resins
Urea and melamine resins
mil Ib
1635.6
(2)
_do __ i 569. 3 i 637. 7
do _ _ _ 1 1, 185. 9 i 1,141.8
do
i 746. 2 i 683. 4
60.7
91.2
55.6
63.6
90.7
55.8
66.7
91.4
59.1
62.2
81.0
52.3
67.4
93.2
57.9
71.9
107.0
64.2
62.2
108.1
64.9
58.2
105.1
60.6
55.8
94.2
56.8
120.2
110.6
Thermoplastic resins:
Cellulose plastic materials .
Coumarone-indene and petroleum
resins
_.
Styrene-type materials (polystyrene)
Vinyl resins (resin content basis)
Polyethylene
_
do
polymer
mil. Ib
do
do___
do
287.1
306.8
543.4
345.4
344.7
541.9
326.6
328.9
529.2
314.6
284.7
514.5
331.5
338.9
545.1
328.3
347.5
557.2
315.3
381.4
561.0
326.9
363.4
557.1
338.8
372.6
579.6
4 8, 531
4,038
731
4, 297
PLASTICS AND RESIN MATERIALS
Production:
1 182. 2
(2)
117.8 ' 109. 5
(2)
(2)
1282.6
(2)
i 3,749.8
13,549.7
1
3, 756. 4 i 4,075.8
1
5, 844. 1 i 6,395.8
318.5 ' 324. 1 357.3 345.4
6332.4 '312.9 '354.4 341.8
573.5 566.8 ' 625. 7 622.8
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. kw.-hr__ 1,638,010 1,717,520 131, 045 133, 925 150, 674 154, 142 154, 507 146, 241 139, 845 139, 231 148, 369 153, 445 145, 729
Electric utilities, total
By fuels
By waterpower
Privately and municipally owned util
Other producers (publicly owned)
Industrial establishments, total
By fuels
By waterpower
r
Revised.
1
do
1,529,581 1,613,936 122, 301 125, 073 141, 896 145, 708 146, 075 137 819 131, 043 130 857 139, 724 144 575 137 301
do
1,282,253 1 347 616 99 308 101 347 118 983 123 513 123 923 118 840 111 367 110 427 115 941 120 078 115 128
_.do _. 247, 328 266 320 22 993 23 727 22 914 22 194 22, 152 18 979 19 675 20 430 23 783 24* 497 22 172
do
do
do
do
do
1,254,344 1,322,540 98, 619 101, 413 116, 548 119, 677 119, 754 114, 428 108, 873 107 728 115 022 118 860 112 973
275, 237 291, 396 23, 682 23, 660 25, 348 26, 030 26, 322 23, 391 22, 170 23,129 24, 701 25, 715 24 327
108, 429
105 146
3 284
103, 585
100 325
3 260
8, 744
8 448
297
8,852
8,778
8,434
8,432
8 545
8 484
8 196
8 198
307
294
*> Preliminary.
Reported annual total reflecting revisions not distributed to the monthly data. 2 Series
discontinued.
3 Less than 500 short tons.
* Annual6 total reflects sulfur content, whereas
monthly data are gross weight.
« Gross weight.
Beginning Jan. 1972, data exclude
polyvinyl acetale, polyvinyl alcohol, and other vinyl resins; comparable Dec. 1971 figure,
320.1 mil. Ib.
238
234
8,422
8 197
225
8, 802
8 553
249
8,374
8 120
254
8,645
8 381
263
8,870
8 597
273
8,428
8 190
238
©Scattered revisions have been made in the annual data back to 1967; monthly revisions
are not available.
d*Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
§Data exclude black blasting powder.
i Revised monthly data for 1970 will be shown later.
SURVEY OF CURRENT BUSINESS
S-26
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
1971
Annual
June 1972
Apr.
May
June
July
Aug.
1972
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. 1,391,359 '1,466,441 115, 975 113, 830 119, 699 128, 746 128, 685 130, 062 123, 996 119, 753 123, 145 128, 150 127, 924 127, 079
Commercial and industrial:
312, 750 333, 752 25, 320 25, 377 27, 838 31, 061 30, 912 31, 241 29, 219 27, 471 27, 358 28, 008 27, 954 27, 952
Small light and power§ _.
do
572, 522 '592,700 49, 051 49, 338 50, 493 49, 405 49, 698 50, 561 50, 593 50, 069 49, 606 50, 145 50, 268 51, 555
Large light and power§
do
Railways and railroads _ _ _ _ _ _
Residential or domestic
Street and highway lighting
Other public authorities
_ _
Interdepartmental
..
355
380
4,633
4,537
363
do
do__ _ 447,795. '479,080 36, 897 34, 263 36, 391
859
11, 183 '11,673
933
888
do
3,336
37, 816 ' 39, 819
2,983
3,198
do
411
427
4,880
4,660
402
do
353
351
342
43, 205
43, 026
43, 093
3,436
3,371
3,445
863
423
904
423
965
414
353 .
39, 022
1,018
3,376
415
370
37, 048
1,063
3,348
385
400
40, 891
1,117
3,374
399
423
417
44,644
1 120
3,397
44, 295
1,046
3,529
414
415
410
42, 162
1 023
3 551
425
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $ 22, 065. 9 24, 725. 2 1, 912. 6 1, 900. 1 2, 014. 7 2, 193. 9 2, 207. 2 2,253.8 2, 148. 9 2, 062. 0 2,121. 0 2,213.9 2,221.3 2,203.4
GAS
Manufactured and mixed gas:
Residential
Industrial and commercial
do
do
557
522
34
34
33
154
357
mil therms
do
do
' 1 480
' 843
' 637
1 451
328
828
622
177
143
Revenue from sales to consumers total 9 mil $
Residential
do
' 134 6
' 85 6
r 49 o
137 3
91 4
46 0
Sales to consumers total 9
Residential
Industrial and commercial
570
535
572
536
33
570
535
' 535
'493
'40
64
88
195
154
33.4
20.5
12 1
15.8
31.4
23.2
7 0
7.4
8.5
Natural gas:
Customers end of period total 9
Residential
Industrial and commercial
thous
do
do
42 024
'41 368
' 37 968 38 551
' 3 344 3 431
41, 373
37, 998
3 337
41, 378
38, 032
3 307
42, 024
38, 551
3,431
Residential
Industrial and commercial
do
do
' 152 215 156 832
49* 454
48 394
103 821 107* 378
39 458
10 759
27 467
31 183
4 186
25, 429
39, 428
11, 506
26, 195
2, 613. 6
1 251 2
1 311 1
1, 774. 6
620.5
1 092 5
2, 773. 0
1, 352. 2
1 342. 9
Revenue from sales to consumers, total 9 __mil. $__
Residential
do
Industrial and commercial
do
10, 914
' 9, 874
' 5 122 5 570
r 4 753
5 344
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
11.41
Production
mil. bbl._ 133. 12 137. 35 12.33 12.37
12.28
13.71
13.28
12.48
11.89
10.96
12.87
Taxable withdrawals
do
121.86 127. 50 11.04 11.05
12.23
13.64
13.31
14.18
Stocks, end of period
do
14.25
14.07
14.40
12.26
Distilled spirits (total) :
10.14
Production
mil. tax gal__ 212. 29 182. 36 15.93
10.35
13.42
13.44
13.11
Consumption, apparent, for beverage purposes 2
2
mil. wine gal__ 371. 52 ' 382. 34 29.76 29.22 33.79 28.98 30.65 30.37
12.41
16.99
17.45
Taxable withdrawals
mil. tax gal__ 173. 69 ' 181. 94 13.78
13.41
16.73
996. 62 1,015.08 1,015.78 1,012.28 1,009.46 1,001.43 997. 52
Stocks, end of period
do
1, 008. 54
102. 14
7.78
9.03
18.55
Imports
mil proof gal
6.93
7.06
7.49
90.89
Whisky:
Production
_
_mil. tax gal__ 146.36 119. 41 10.47
6.61
5.86
8.56
8.54
6.85
116. 73
11.74
10.64
7.58
Taxable withdrawals
do
10.09
8.53
8.29
112. 88
945. 80 963. 43 964. 97 960. 51 958. 57 952. 85 949. 82
Stocks end of period
do
954. 58
i 89. 29
6.59
6.21
6.04
15.75
Imports
mil proof gal
8.08
4.08
75.59
Rectified spirits and wines, production, total
mil. proof gal. _
Whisky . _
do
Wines and distilling materials:
Effervescent wines:
Production. _ _ _ _ _ _
mil. wine g a l
Taxable withdrawals
do
Stocks, end of period
do
Imports.
do
Still wines:
Production .
do
Taxable withdrawals
do
Stocks, end of period
do
Imports
do
10.53
9.80
13.31
9.86
9.74
12.78
10.02
9.83
12.23
9.96
8.75
12.97
10.38
9.09
13.64
12.62
11.69
13.82
18.75
18.66
16.27
18.76
12.53
11.09
14.51
17.71
18.35
31.37
17.92
996. 16
10.18
38.64
18.26
993. 62
8.24
47.28
26.59
26.03
15.52
13.97
15.97
12.52
996. 62 1,000.98 1,003.89 1, 003. 66
7.18
8.17
6.00
6.47
6.69
10.79
12.34
947. 17
8.89
11.41
12.19
944. 54
7.46
11.25
9.59
945. 80
6.48
12.86
8.49
949. 31
5.14
12.28
8.40
952. 82
5.54
13.37
10.38
955. 90
7.10
5.76
113. 67
64.37
116.10
63.05
8.61
4.30
8.70
4.58
10.22
5.80
8.69
5.02
10.28
5.54
10.46
5.88
10.97
6.17
12.14
6.85
9.77
4.95
8.19
3.69
8.19
4.22
10. 15
5.29
23.03
20.36
7.38
1.79
24.60
22.10
8.57
1.88
2.17
1.47
9.70
.14
1.08
1.44
9.24
.15
1.34
1.65
8.84
.15
1.50
1.21
9.01
.10
2.23
1.32
9.80
.17
2.09
1.75
10.01
.35
2.05
2.39
9.54
.22
2.38
2.81
8.99
.14
2.66
2.91
8.57
.12
1.95
1.36
9.07
.14
1.20
1.05
9.09
.15
1.76
1.48
9.24
.15
1.58
1.08
9.69
.14
245.04
216. 97
293. 32
28.23
' 357. 33
247. 20
366. 35
1
34. 28
6.13
20.39
225. 63
2.61
7.68
18.06
215. 71
3.09
6.30
20.59
198. 93
3.38
5.32
17.40
186. 28
3.12
9.18
18.73
173. 30
3.59
57.65
20.42
209.01
5.38
126. 44
22.26
310. 06
2.99
69.05
23.13
347. 50
1.49
54.21
25.31
366. 35
2.09
79.74
21.17
350. 63
3.03
75.98
19.91
335. 34
3.62
82.34
25.69
314. 47
3.57
48. 37
21.00
297. 85
2.87
303. 08
402. 38
.62
5.96
2.80
1.31
4.32
113. 99
176. 09
73.30
16.45
4.04
6.76
2.89
4.06
mil Ib 1, 136. 7
do
118.8
$ per lb__
.704
1, 142. 5
96.8
.693
113.0
180.4
.688
119.5
209.8
.687
112.2
235.1
.688
90.2
251.2
.687
79.6
246.8
.687
69.0
222.0
.692
79.4
188.9
.688
78.3
155.0
.688
88.7
96.8
.690
101.5
79.1
.688
99.4
93.1
.688
106.8
109.7
.688
110.2
' 130. 9
.688
_mil. lb_. 2,203.8
do
1,425.9
2, 380. 4
1, 517. 5
210.3
137.3
232.5
159.0
233.9
161.9
211.1
141.6
198.9
129.6
181.2
112.4
184.8
111.2
177.3
103.3
197.8
115.7
199.0
124.0
197.3
122.9
230.8
147.7
232.1
153. 9
Stocks, cold storage, end of period
do
337.4
371.3
304.3
324.5
314.6
American, whole milk
do
296.4
254.0
238.9
248.0
268.8
Imports
do
161.3
6.4
8.1
95.5
7.9
Price, wholesale, American, single daisies (Chicago)
$perlb._
.679
.678
.671
.678
.649
' Revised.
1 Reported annual total; revisions a re not dis tributed 1 o the memthly da ta.
2
Includes Hawaii; no monthly data available.
§Data are not wholly comparable on a year to y ear basis because ()f chang es from <me
385.6
311.0
7.6
378.8
303.9
8.9
357.6
283.7
14.0
333.5
262.4
6.4
316.7
250.9
3.4
304.3
238.9
9.7
296.2
232.1
13.8
285.0
223.6
17.2
288.9
228.4
12.7
.673
.670
.669
.669
.669
.676
.684
.707
.727
Distilling materials produced at wineries.— do
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
Stocks, cold storage, end of period
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), totalj
_
American, whole milkf
91ncludes data not shown s aparately
class: fication 1 o anothe r.
JRev ised mon thly dat a for 196<) and 197(3 will be shown IEiter.
158.7
.688
349.4
r 311. 7
' 246. 7 280.4
10.0
.719
.702
June 1972
S-27
SURVEY OF CUKEENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
Annual
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS— Continued
Condensed and evaporated milk:
Production, case goods
tf1
mil. Ib
Stocks, manufacturers', case goods, end of month
or yeard"
mil. Ib
Exports:
Condensed (sweetened)
Evaporated (unsweetened)-
do
do
Fluid milk:
Production on farms
mil. Ib
Utilization in mfd. dairy products_ _ do
Price, wholesale, U.S. average
$ per 100 Ib
Dry milk:
Production:
Dry whole milk
mil. Ib
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of period:
Dry whole milk
do
Nonfat dry milk (human food)
do
Exports:
Dry whole milk
do
Nonfat dry milk (human food) _.
_ do
Price, manufacturers' average selling, nonfat dry
milk (human food)
$ per Ib
1 268.3 1 235.4
116.5
134.2
141.5
115.8
105.8
84.5
79.5
79.5
92.0
84.0
85.0
104.5
105.5
115.7
88.6
51.2
104.0
133.8
162.4
172.9
163.0
151.5
111.7
88.6
73.9
63.8
61.3
77.0
16 4
33.3
35.1
32.7
11.3
2.7
2.2
3.8
8.5
4.2
1.6
2.9
.2
1.2
.8
2.4
2.9
2.8
2.4
3.5
1.1
3.3
1.0
2.9
50
2.9
3.4
3.2
117, 149 118 640
8 59, 023 * 60, 698
'5.71
5.87
10 440
5,640
5.72
11 189
6,133
5.61
10 836
6,273
5.51
10 316
5,548
5.62
9 903
5,072
5.75
9 365
4,416
5.99
9 419
4,397
6.09
8 950
4,131
6.17
9 423
4,489
6.17
9 635
4,991
6.13
9,346
5,050
6.10
10, 440
5,787
6.01
10, 655
5,901
r
5.84
68.7
1, 442. 8
77.8
1, 473. 6
9.0
149.2
9.3
174.6
8.4
177.8
4.7
137.3
5.6
117.6
5.3
92.2
6.5
93.5
4.9
77.4
4.7
95.4
7.0
98.5
6.5
100.0
8.2
118.0
8.1
128.9
4.7
898.5
4.0
87.3
r
6.6
••99.6
7.8
136.9
9.0
157.6
8.2
164.1
7.5
155.6
7.0
119.7
6.7
106.5
5.3
91.3
4.0
87.3
4.6
76.3
4.0
68.7
4.3
62.2
5.2
73.6
25.0
124. 2
1.0
7.2
.7
15.0
3.4
16.7
1.9
4.3
5.4
2.8
3.6
6.5
1.5
4.1
3.3
18.4
1.6
11.5
3.5
10.7
3.3
7.1
3.9
15.4
2.3
10.7
.307
'.306
.314
.318
.318
.320
.320
.320
.321
.319
.318
.320
319
.322
1,204. 5
94.2
108.5
79.8
92.1
81.7
134.5
62.6
110.9
122.3
106.2
109.6
110 5
117.7
.5
1.6
487.7
316.6
171.1
2.8
2.4
2.3
391.3
254.4
136 9
5.5
.2
.3
283 1
165 1
118 0
26
3.1
1.19
1.17
1.11
1.11
1.09
1.09
1.16
1.16
1.15
1.16
1.16
1.16
1.19
1.18
1 18
1.18
1 16
1 16
1.16
1.16
25.9
66.7
4,642
3,493
1 148
65.8
63.9
58.6
3 344
2,447
897
48.7
62.0
1.10
1.11
1.07
1.09
1.21
1.20
1.22
1.22
1.21
1.21
1. 23
1.21
1.26
1.23
13.8
212.3
7
.263
11, 307
» 5.71
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat), .mil. bu
Barley:
Production (crop estimate)
Stocks (domestic) end of period
On farms
Off farms
Exports, including malt§ _
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight
1, 337. 5
7
2 409. 8
380.7
238.5
142.2
55.1
2 462. 5
391.3
254.4
136.9
7
53. 2
4.0
9.2
3156.
2
3
81.4
374.8
1.6
1.14
1.13
1.21
1.20
1.26
1.26
1.29
1.28
1.26
1.26
24,099
3,736
2,723
1,013
572.0
2 5, 540
4,642
3,493
1,148
7
511. 7
35.3
26.6
1,560
1,167
394
27.6
40.1
37.3
3 663
3 423
3 240
68.3
1.35
1.33
1.39
1.36
1.51
1.48
1.51
41.54
1.59
1.52
1.49
1.43
1.29
1.29
1.15
1.13
mil bu
do
do
do
2909
'913
'702
211
2876
937
687
251
Exports, including oatmeal
do
Price, wholesale, No. 2, white (Chicago)
$ per bu
21.3
7.1
5.72
6.75
do
do
do
do
do
$ per bu
do
Corn:
Production (crop estimate, grain only) mil. bu
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
do___
Oats:
Production (crop estimate)
Stocks (domestic), end of period, total
On farms
Off farms
Rice:
Production (crop estimate)
mil. bags 9
California mills:
Receipts, domestic, rough
mil. Ib
Shipments from mills, milled rice __ _ do
Stocks, rough and cleaned (cleaned basis), end
of period
.
mil. Ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. lb__
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
.mil. Ib
Exports
_
do
Price, wholesale, Nato, No. 2 (New Orleans)
$ per lb_.
.3
5
.75
.1
.3
.4
.6
2
.80
.68
.64
.68
.73
31
26
17
66
35
.78
2,004
1,446
161
180
202
113
323
264
76
66
126
60
119
86
287
218
117
88
129
82
91
61
85
66
107
40
119
68
82
98
77
114
101
88
109
113
101
93
98
97
86
115
130
6,497
4,438
5,567
4,206
108
279
67
268
28
221
141
206
924
458
1,627
498
1, 106
427
397
294
439
509
570
610
298
375
279
311
285
430
1,748
3,828
1,737
3,252
1,009
315
809
268
629
365
528
144
829
190
1, 504
440
1,840
395
1,869
160
1,737
232
1,566
276
1,428
535
1,290
219
1,078
242
.085
.087
.086
.084
.087
.087
.087
.087
.087
.087
.089
.089
.089
,089
.089
.091
50.9
54.9
1.06
1.18
1.18
328.0
1.21
.95
.94
65.1
.95
.96
.92
54 9
.93
1.06
1.08
49 1
1.05
1.06
1.09
2 1,370
2260
2 1,110
1,492
2
84. 3
2 1, 640
476
2 1, 163
1,502
334
3
1,415
1,554
730
r
3 239
531
700
884
3491
853
r
Revised, v Preliminary. 1 Less than 50 thousand pounds. 2 Crop estimate for the year.
3
Previous years' crop; new crop not reported until beginning of new crop year (July for
barley, oats, rye, and wheat; Oct. for corn).
< Effective May 1971, weighted average, 4
markets, all grades.
« 7Average for Jan., April-Sept., and Dec.
« Average for Jan.-April,
June-Oct., and Dec.
Annual total reflects revisions not distributed to the months.
2
731
502
228
1,755
1,393
Wheat:
Production (crop estimate), total
Spring wheat
L
Winter wheat
Distribution
do
do
do
937
687
251
2
238.8
41.6
1.15
Stocks (domestic), end of period, total
On farms
__
Off farms
1,086
806
281
1.29
1.23
283.8
Rye:
Production (crop estimate)
mil. bu
Stocks (domestic) , end of period
do
Price, wholesale, No. 2 (Minneapolis) __$ per bu__
mil. bu
do
do
do
3 512
3 311
3 201
1 18
1 18
489
328
339
9 i 192
1,881
1,554
1 215
528
834
70U
1,047
853
687
8
Monthly revisions for Jan. 1970-Feb. 1971 will be shown later,
9 June 1 estimate of 1972
crop.
cTCondensed milk included with evaporated to avoid disclosing operations of individual
firms.
§Excludes pearl barley.
9Bags of 100 Ibs.
June 1972
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
1970
1971
Apr.
Annual
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat— Continued
Exports total includm0*
Wheat only
flour
-
mil. bu
do
689 1
638.7
627.1
588.3
63.7
50.7
70.3
66.7
50.0
43.4
51.2
47.4
41.5
38.3
62.1
59.4
34.0
31.7
41.6
39.5
47.7
45.2
39 5
36.5
49.0
45.6
52.5
49.8
49.1
47.3
1.91
1.54
1.79
1.77
1.61
1.72
1.82
1.62
1.75
1.84
1.62
21.78
1.82
1.64
1.75
1.73
1.56
1.65
1.64
1.56
1.62
1.64
1.65
1.63
1.72
1.58
1.69
1.71
1.60
1.68
1.70
1.60
1.68
1.72
1.62
1.70
1.63
1.61
1.66
1.63
1.61
1.67
1.66
1.63
71.69
249, 810
4,279
555, 092
19, 662
20,216
347
44,970
20, 994
20, 225
22, 164
20, 704
19, 994
21,058
361
19,499
336
45, 164
49, 403
48, 166
20,090
338
44,492
20, 961
46, 658
22,137
378
49,301
21, 702
43, 525
46, 265
45, 942
44, 464
46, 882
43, 287
4,362
16, 637
1,282
1,536
4,586
2,841
1,627
1,374
4,861
1,178
982
908
4,362
1,060
1,318
1,472
4,542
1,169
757
6.145
5.446
6.238
5.488
6.225
5.500
6.200
5.588
6.113
5.475
6.063
5.313
5.975
5.275
6.000
5.325
6.013
5.338
6.000
5.350
6.000
5.338
5.988
5.338
5.913
5.313
5.913
5.338
5.925
5.338
248
2,544
4985
203
2,536
'4950
207
2,797
3 1, 005
205
2,725
3878
220
2,720
4 1, Oil
239
2,788
4 1, 018
231
2,667
4 1, 170
233
2,564
4 1, 238
238
2,528
4853
226
2,556
4952
217
2,457
4900
255
2,698
4907
185
2,471
4838
179
2,807
4996
31.96
32.07
41.00
32.35
31.78
39.00
31.91
30.60
39.00
31.90
30.32
39.00
32.77
32.41
35.00
32.21
31.72
38.00
32.11
34.07
38.00
33.30
34.23
38.00
33.92
35.11
41. 00
35.35
36.61
41.00
35.74
36.92
44.00
34.73
36.95
46.00
34.20
36.93
46. 90
35.30
37.72
46.50
6,983
6,922
6.220
3 1, 438 3 1, 163 4 1, 296
7,379
4 1, 308
7,190
4 1, 357
7,566
7,547
4 1, 462 4 1, 384
6,395
4 1, 252
4 1, 115
18.14
18.28
19.19
19.94
24.02
25.10
23.19
22.62
24.76
19.5
' 19. 3
18.2
20.8
23.6
21.2
19.9
21.7
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu__
No. 2, hd. and dk. hd. winter (Kans. City). do
Weighted avg., 6 markets, all grades
do
Wheat flour:
Production :
253, 094
Flour
thous. sacks (100 Ib.)
4 409
Offal
thous sh tons
563 714
Grinding^ of wheat
thous. bu
Stocks held by mills, end of period
4 329
thous sacks (100 Ib )
21, 596
Exports
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 lb_. 6.179
Winter, hard, 95% patent (Kans. City)._do
5.569
335
366
349
378
368
351
356
342
1.69
1.64
1.71
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
3,024
2,806
Calves
thous. animals -.
30, 793
31,419
Cattle
.- do
4 11, 993 4 11, 903
Receipts at public markets
do
Prices, wholesale:
29.03
32.04
Beef steers (Omaha)
$ per 100 lb_
32.11
30.10
Steers, stockerand feeder (Kansas City)_.do —
38.17
38.58
Calves, vealers (Natl. Stockyards, Ill.)__do
Hogs:
78,187
Slaughter (federally inspected).. -thous. animals..
* 15, 333
Receipts at public markets
do
Prices:
Wholesale, average, all grades (Sioux City)
$ per 100 lb_. 22.11
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib. live hog) •
'18.1
4
86,667
16, 593
6,932
7,794
4 1, 528 4 1, 399
6,280
6,787
7,794
6,732
4 1,312 4 1, 241 41,305
17.95
16.04
17.00
17.68
14.5
11.3
12.3
- 12.3
14.0
r 15.5
16.1
10, 256
42,342
899
<141
772
'4187
827
3255
815
3205
812
4212
919
4233
919
4229
818
4209
846
4184
847
4167
801
4136
903
4 143
786
4147
803
4195
27.43
30.25
•31. 12
31.25
28.88
27.75
27.50
25.88
24.75
25.75
27.88
28.38
29.38
31.00
33.75
34 574
' 36, 209
r 3, 074
2,940
3,104
2,879
2,966
3,116
3,026
3,072
3 062
2,860
2,747
3,190
2 850
759
518
1 844
796
*547
897
46
133
891
43
170
832
39
155
772
51
166
775
48
223
768
39
110
756
43
102
796
69
188
774
40
161
708
37
94
742
44
138
'818
795
i 1, 789
866
35
141
19, 489
19, 695
r 1, 607
1,599
1.739
1,682
1,667
1,612
1,606
1,634
1,562
1,706
1,566
'291
284
.557
585
Sheep and lambs:
Slaughter (federally inspected). __thous. animals.. 10,010
Receipts at public markets ._
do
4 2 462
Price, wholesale, lambs, average (Omaha)
$ per 100 Ib.. 27.43
18.85
18.59
MEATS AND LARD
Total meats:
Produ ction (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)
$ per lb._
Lamb and mutton:
Production inspected slaughter
mil Ib
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
$perlb_.
Fresh loins, 8-14 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 Ib
347
32
375
44
299
5
99
.490
.547
.546
.561
.549
514
522
47
40
19
20
40
15, 992
1,420
1,301
1,324
13, 440
330
72
1, 195
464
4
1,105
477
5
347
357
30
1,098
495
5
.542
.569
.534
.498
1 776
' 82
r I, 842
1 319 i 1, 264
19
14 570
12 114
336
67
6
366
•tan
r
100
282
147
295
4
87
23
306
4
124
23
1,720
1,662
341
3
127
359
3
173
355
3
88
.546
.561
.549
.536
39
39
45
46
321
3
111
19
21
1,157
1,260
1,350
1,319
969
1,065
330
7
1,132
307
7
1,125
310
7
21
402
4
31
32
.517
.432
.521
.485
.535
.501
.515
.584
162
146
158
136
33
20
375
4
143
363
3
103
.559
.579
5 . 593
.598
.570
42
44
45
43
49
335
5
70
19
19
17
1,418
1,412
1,198
325
13
1,199
330
10
42
' 16
12
1,181
1,143
1,434
1,242
1,008
308
3
995
1,227
331
4
1,060
'395
10
383
.588
614
287
4
38
35
39
.536
.515
.501
.498
.542
.526
.567
.494
.639
.501
.604
.607
.584
.638
.644
.570
.617
.548
142
158
140
159
77
20
153
83
12
153
123
78
19
144
105
149
132
.149
100
4
143
82
38
.151
757
749
894
909
1,020
1,003
1,009
935
870
265
119
251
111
287
140
354
203
462
308
547
389
636
475
467
309
378
223
.125
.140
,145
.150
.135
''.130
.115
.110
.105
17
13
49
25
.146
.15C
89
11
5
106
14
82
16
158
91
31
297
4
89
31
30
101
18
143
80
39
316
3
95
45
159
34
66
18
144
'64
15
144
' 825
758
826
759
359
211
322
180
266
146
'237
121
214
109
.120
.135
.135
.120
.125
83
8
144
144
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil Ib
10, 242
10 357
Stocks, cold storage (frozen), end of period, total
391
mil. lb__
378
Turkeys _ _
do
219
223
Price, in Georgia producing area, live broilers
$perlb._
.123
.128
' Revised.
1
Annual total reflects revisions not distributed to the months.
2
Effective May 1971, weighted average, 5 markets, all grades.
3
Data are for 41 public markets.
4 Data are for 40 public markets.
s Beginning Jan. 1972, price for East Coast (New York and Philadelphia average).
6
Average for Mar.-Dec.
7
Effective Apr. 1972, weighted average, 4 markets, all grades.
SURVEY OF CURRENT BUSINESS
June 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
Apr.
Annual
S-29
May
June
Jujy
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
1972
\
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS— Continued
Eggs:
Production on farms
mil. casesO__
Stocks , cold storage, end of period:
Shell
___thous. casesO__
Frozen.
_ _ _ _ _ _ _ _ mil. Ib
Price, wholesale, large (delivered; Chicago)
$ per doz__
195.1
199.3
16.7
17.2
16.4
16.6
16.4
15.9
16.6
16.5
17.2
17.3
16.2
17.5
16.7
16.9
51
50
60
74
80
60
101
67
98
75
148
80
141
81
134
84
135
82
94
80
60
74
52
71
49
70
80
70
'96
'73
135
80
.425
.332
.330
.291
.298
.330
.345
.329
.324
.335
.370
.300
.288
.328
.295
.280
Cocoa (cacao) beans:
Imports (incl. shells)
_ _ _ thous. Ig. tons
Price, wholesale, Accra (New York)
$ per lb._
279.2
.341
315.8
.268
28.2
.273
17.8
.253
25.3
.268
28.7
.280
23.2
.286
24.6
.271
13.8
.250
10.9
.241
50.3
.234
39.8
.259
39.3
.256
27.6
.285
28.8
.285
.304
Coffee (green):
Inventories (roasters', importers', dealers'), end
of period
thous. bagscf
Roastings (green weight)
_do
2,593
19, 960
4,000
19, 607
1,146
286
.463
.480
MISCELLANEOUS FOOD PRODUCTS
Imports, total
do
19, 727 1 21, 669
4,712
From Brazil
do
5,991
Price, wholesale, Santos, No. 4 (N.Y.)__$ per lb__
.557
2.461
Confectionery manufacturers' sales
mil $
' 1, 910 2,002
Fish:
Stocks, cold storage, end of period
2,032
310
.450
157
1,759
317
.438
135
1,941
666
.438
139
2,132
570
.430
115
2,720
971
.433
160
2,754
993
.433
215
621
155
.433
204
875
144
.440
195
1,818
647
2,560
1,009
157
167
' 168
2, 172
877
1, 137
212
161
302
196
198
231
270
305
338
333
314
302
274
245
'224
212
234
4,712
6,675
1,497
4,588
6,601
1,230
150
88
97
170
178
176
103
441
159
97
692
143
107
775
80
170
601
50
659
280
95
1,073
333
122
929
441
132
687
1,285
41
395
113
34
224
462
153
147
612
92
740
131
11, 459
11, 310
2,792
11, 444
11, 291
2,683
860
851
2,660
894
883
2,524
1,087
1,068
2,157
1,034
1,020
1,932
1,121
1,107
1, 629
1,123
1,109
1,450
947
935
1,582
903
888
2,134
1, 001
990
2, 683
823
812
3,008
727
715
3,059
1, 058
1,049
' 2, 898
sh tons
7,892
481
38
21
25
37
84
80
59
4
55
31
137
50
63
thous sh tons
do
do
5,217
1,522
35
5,262
11,544
48
550
142
6
412
96
2
479
108
1
476
170
3
559
179
2
675
178
6
327
112
4
281
141
1
464
242
10
498
54
3
436
53
3
408
135
11
302
58
6
$perlb__
.081
.085
.082
.084
.086
.086
.086
.086
.085
.086
.088
.092
.090
.092
.090
.088
$ per 5 lb__
$per lb__
.674
.112
.695
.117
.695
.116
.695
.116
.693
.116
.689
.118
.701
.118
.703
.118
.704
.118
.704
.118
.707
.118
.704
.118
.707
.122
709
.122
.711
.124
.124
135,202
175,432
18, 078
15, 128
16, 529
20, 150
25, 141
19, 427
4,631
3,828
11, 862
12, 914
16, 907
10, 276
10, 165
3, 587. 6
132.9
3, 515. 1
127.6
272.4
134.4
277. 1
128.0
290.4
136.7
261.5
111.0
305.6
120.7
309.4
118.1
301.4
122.0
306.5
118.8
290.1
127.6
279.4
124.9
289.1
122.2
' 301. 2
' 130. 0
278.1
136.1
3,389.1
75.6
3, 499i 8
76.1
270.1
72.0
288.6
81.1
332.6
82.2
290.5
71.2
309.9
79.0
300.2
66.5
276.5
77.3
265.3
74.5
308.4
76.1
314.2
85.9
301.0
80.2
'348.7
'92.3
317.6
125.9
2,230.5
45.6
2, 290. 2
57.1
181.0
55.9
176.4
61.2
185. 9
61.6
163.4
72.9
173.3
65.5
194.7
63.5
188.2
64.3
210.1
60.7
219.4
57.1
207.6
68.9
194.7
71.4
' 201. 7
'69.1
181.3
82.6
.289
.308
.305
.305
.305
.308
.312
.310
.310
.310
.312
.312
.315
.313
.313
558.2
569.7
46.7
541.6
598.6
41.3
43.2
44.4
34.9
42.8
44.9
42.4
45.3
46.6
45.6
40.2
40.4
49.9
40.8
50.1
57.6
47.6
51.0
63.1
42.1
53.5
38.8
43.5
53.5
36.7
45.2
47.7
41.3
42.2
46.9
41.6
40.3
58.5
38.0
'46.2
'54.7
'38.7
41.4
53.1
36.8
4, 876. 8 4, 967. 7
i 2,553.5 2, 622. 7
396.1
379.7
392.0
216.4
363.9
399.7
227.1
374.0
439.9
231.4
401.9
393.5
200.5
441.5
403.1
222.2
424.5
438.3
236.9
409.7
409.9
208.7
401.2
406.4
207.0
397. 4
438.5
219.8
379.7
397.2
221.7
411.8
376.0
229.5
392.7
' 432. 1
' 242. 8
' 379. 3
391.1
227.1
373.6
257.0
56.9
134.9
9.2
4.0
65.8
.21.8
4,3
88.0
54.8
5.3
132.0
55.3
5.6
148.1
58.5
4.5
155.1
30.4
5.4
138.8
16.8
4.1
156.7
6.0
4.5
147.2
1.6
4.4
134.9
1.4
3.4
96.7
3.8
56.0
'3.4
'55.8
3.0
54.2
(d)
553.3
740.7
191.1
628.6
(d)
49.5
64.3
169.3
54.9
(d)
45.0
63,4
167.1
47.5
(d)
49.4
68.4
167.6
45.5
(d)
39.9
52.1
177.3
35.3
(d)
(d)
47.9
60.8
143.9
79.3
(d)
56.0
63.1
154.2
67.8
(d)
46.8
62.3
166.9
28.2
(d)
39.2
59.2
191.1
16.1
(d)
45.0
57.4
191.5
22.0
(d)
44.0
63.0
174.5
144.6
(d)
56.8
'66.4
' 187. 1
67.9
(d)
54.1
69.7
162.7
27.3
485.1
440.4
447.4
41.4
34.2
35.5
41.0
37.2
33.5
42.4
33.9
35.2
fifi n
38.7
35.9
37.9
KQ n
38.7
40.8
40.0
KR 4.
'43.5
36.7
'38.7
K7 Q
42.0
42.2
38.4
K» 3
33.4
40.0
44.8
Kfi Q.
42.4
39.1
36.0
fifi fi
40.7
35.7
40.7
K7 1
42.7
34.6
38.2
fid. 7
40.0
34.6
32.2
72.7
Deliveries, total 9
For domestic consumption
Stocks, raw and ref., end of period
do
do
do
Exports, raw and refined
Prices (New York):
Raw, wholesale
Refined1.
Retail (incl. N.E. New Jersey)
Wholesale (excl. excise tax)
Tea imports
4,211
5,316
4,000
5,299
5,198
4,481
306
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
Imports:
Raw sugar, total 9
From the Philippines. .
Refined sugar, total
3,027
4,663
thous Ib
811
802
2,874 p 2, 629
FATS, OILS, AND RELATED PRODUCTS
Baking or frying fats (incl. shortening):
Production
mil Ib
Stocks, end of period©
do
Salad or cooking oils:
Production. _ _ _ _ _
d o
Stocks, end of period©
do
Margarine:
Production... _
do
Stocks, end of period©
do
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)
$ per lb_.
Animal and fish fats:A
Tallow, edible:
Production (quantities rendered)
mil. lb_.
Consumption in end products
do
Stocks, end of period K
do
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do
Consumption in end products
do
Stocks, end of period f
do
Fish and marine mammal oils:
Production
do
Consumption in end products
do
Stocks, end of period f
do
206. 9
69.6
103.5
Vegetable oils and related products:
Coconut oil:
Production: Crude
mil. lb_. 3 247. 1
544.0
Refined
do
Consumption in end products
do
750.2
Stocks, crude and ref., end of period if
do
202.8
Imports
do
584.2
Corn oil:
Production: Crude
.
do
474.0
Refined
do
440. 9
Consumption in end products
do
449.6
Stocks. Crude and rp.f. ftnr! nf nprindir
rln
AQ Q
d
/Revised.
v Preliminary.
Data withheld to avoid disclosure of operations of in,™ ual firms* ' Reflects revisions not available by months.
2 Average for Jan.-Nov.
s Monthly data not available.
36.2
53.4
153.1
30.2
40.1
33.7
35.9
fi2 8
fiQ R
K7 1
r KQ 1
.313
(d)
46.9
©Cases of 30 dozen.
cf Bags of 132.276 Ib.
.Monthly data reflect cumulative revisions
for prior periods.
9 Includes data not shown separately: see also note " §".
AFor data
on lard, see p. S-28.
©Producers' and warehouse stocks.
IfFactory and warehouse
stocks.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970 | 1971
Annual
June 1972
1971
Apr.
May
June
July
Aug.
1972
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.. 1, 726. 3
85.8
Stocks (at oil mills) , end of period
do
Cottonseed oil:
1,211.5
Production* Crude
mil Ib
1, 019. 2
Refined
do
931.9
Consumption in end products
do Stocks, crude and refined (factory and ware184.3
house) . end of period _
mil. Ib _
369.8
Exports (crude and refined)
do
.175
Price, wholesale (N.Y.)
—_
$perlb._
1, 720. 7
93.1
145.3
134.5
111.1
148.9
86.1
136.0
61.1
109.5
66.4
101.9
50.3
81.9
161.2
87.8
208.9
99.5
219.8
93.1
212.7
103.6
191.1 r 216. 5
107.7 ' 126. 9
155.9
145.8
131.9
157.6
1,209.4
985.8
728.5
103.3
77.2
56.1
78.8
80.4
61.2
61.0
73.2
70.9
43.5
44.9
50.1
47.0
51.2
57.8
34.3
44.8
50.8
111.8
60.9
52.9
149.0
102.9
57.4
154.0
113.3
60.5
151.1
104. 0
63.2
134.9
90.8
49.7
r 154. 4
'118.2
'66.7
110.2
96.0
48.6
95.6
188.3
2 400. 7
.190
265.7
18.2
.193
279.7
21 A
.188
224.6
31.7
1.88
167.2
69.8
1.93
142.9
14.3
2.06
93.8
26.2
.201
130.0
3.1
.182
159.5
36.3
.177
188.3
58.5
.174
239.4
23.1
.168
277.3
47.4
.168
295.0
50.4
.168
300.6
47.8
.168
314.5
191.4
412.2
213.7
36.7
19.6
36.8
19.6
41.4
22.7
25.9
17.9
34.7
19.4
35.4
18.0
36.5
17.6
32.3
15.3
33.3
16.0
38.2
17.3
36.5
17.6
44.8
'19.0
36.1
19.8
148.5
.109
224.9
.089
192.8
.088
187.2
.088
203.8
.088
193. 2
.088
177.1
.088
179.9
.088
203.7
.088
210.8
.088
224.9
.088
236.7
.088
245.3 r 263. 5
.088
.088
280.8
.088
.088
17,379.5 17, 096. 2
112.2
119.8
1,458.9
152.0
1,366.4 1,471.3 1, 463. 3 1,387.3 r 1,471 .9 1, 346. 5
119.8
198.9
131.3
115.6
167.2
136.8
1, 451. 6
165.0
8,081.5
6,297.9
6,322.9
695.7
495.0
497.9
696.4
506.7
505.6
670.9
526.7
556. 3
674.9
482.9
497.3
692.2
532.8
537.3
597.5
568.6
554.0
645.2
534.5
522.0
644.2
504.2
522.2
690.6
534.1
554.8
689.9
525.5
549.5
658.9 r 706. 4
523.4 ' 559. 1
527.6 ' 582. 6
646.7
534.3
542.6
802.2
755.6
1,372.4 21,611.7
.133
.151
765.8
168.0
.135
758.0
191.8
.137
719.0
140.9
.146
745.3
189.0
.159
819.2
78.1
.172
772.6
122.2
.155
725.9
143.0
.154
808.7
43.5
.157
802.2
153.8
.139
782.8
157.8
.135
847. 1 ' 881. 2
59.3
71.3
.141
.139
985.3
69.3
.143
Leaf:
* 1, 908 1 1, 709
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers' end of period
mil. lb__
5,006
4,828
510,325 2474,209
Exports, incl scrap and stems _ _ _ _ thous. Ib
Imports incl scrap and stems
do
235,428 2248,529
44,458
18, 136
47,415
31, 305
4,371
39,778 35,404
20, 413 17, 256
41, 791
15,686
4,474
76, 841
49, 965
3,509
19, 561
2,375
16, 265
4,828
59, 622
14, 829
95,447
19,363
86, 990
22, 128
4,531
28, 581
22, 549
17, 849
17, 510
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) taxable
Exports cigarettes
3,366
43, 590
558
2,258
4,142 4,454
43, 474 46, 582
552
571
2,476 3,038
4,270 6,852
39, 596 45,595
552
497
3,033 4,234
7,251
45, 765
558
5.753
2,198
47, 049
595
768
2,688
46, 061
616
1,246
2,939
39, 634
418
2,048
4,755
43, 295
452
2,568
4,365
45, 633
459
3,642
3,732
49, 913
540
2,577
1,959
12, 517 15 158
127
123
1 338 1 565
16 198
117
1 696
17 201 13, 489
220
193
1 656 1 272
12,917 19, 226
124
128
1 153 1,686
15, 866
226
1,210
Linseed oil:
Production crude (raw)
mil. Ib
Consumption in end products
_ do _ _
Stocks, crude and refined (factory and warehouse) end of period
mil. Ib
Price, wholesale (Minneapolis)
$ per lb__
Soybean cake and meal:
Production
thous. sh. tonsStocks (at oil mills), end of period _
do _ .
Soybean 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 (refined; N.Y.)
$ per lb_.
8, 085. 9
6, 276. 3
6,322.3
1,464.8 1,401.6 1, 429. 7
149.4
198.7
192.4
1,473.8 1, 257. 1 1,362.0
121.4
177.9
189.7
.168
33.2
703.2
.138
TOBACCO
millions. . 51, 166
532, 764
-_do
do
6,705
do
29, 147
49, 200
528, 858
r 6, 490
31,802
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9 _
thous. $
Calf and kip skins _
_
thous. skins
Cattle hides
thous hides
145, 200
1,316
15, 222
155, 821
2,222
15 962
11 512
289
1 239
51 300
18 701
3,028
52 100
19 283
1 956
7 400
3 591
'317
.331
.129
.294
.145
.300
.158
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
2 717
20 353
3 979
23, 598
1 621
20 477
3^148
21, 385
Exports:
Upper and lining leather
79 365
Imports:
Value total 9
thous $
Goat and kid skins
do
Prices, wholesale, f.o.b. shipping point:
Calfskins, packer, heavy, 9H/15 Ib
Hides, steer, heavy, native, over 53 Jb
$ per lb__
do
thous sq ft
Prices, wholesale, f.o.b. tannery:
Sole, bends, light
_ .index, 1967=100
Upper, chrome calf, B and C grades
index, 1967=100__
LEATHER MANUFACTURES
Shoes and slipper:
Production, total
thous pairs
Shoes, sandals, and play shoes, except athletic
thous pairs
Slippers
do
Athletic..
do
Other footwear
do
Exports
.
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
index, 1967—100
Women's oxfords, elk side upper, Goodyear
welt
index 1967—100
Women's pumps, low-medium quality.__do
r
2
13 124 12 851
254
258
1 304 1 235
7 118 11 583
198
131
694 1 166
5 000
1 670
'l70
6 900
2 774
'l85
4 900 4 300
1 877 1 151
81
133
.300
.168
.300
.141
.300
.148
128
1 850
211
1 848
142
139
1 747 1 893
352
267
1 663 1,894
83
1 283
202
1,458
123
142
1 650 1 726
'260
*316
1 900 1 833
163
142
1 776 1 780
335
347
1 781 1,827
82 944
7 256
7 391
8 144
5 534
6 540
6 830
4 810
114 0
114.4
116 4
116 4
114.1
114.1
114 1
114 1
84.3
81.8
82.7
85.2
87.7
87.7
87.7
562 318
533 857
46, 747 43 916
46490
37 556
46 092
451 816
96' 181
8 955
5 366
425 135
96,534
9,620
2833
37 432
8,104
919
292
34 477
8 422
781
236
36 403
9,086
781
220
30 885
5 962
592
117
35 567
9 654
728
143
34 446
9 904
879
170
34 589
9 361
820
166
31 789
7*775
795
166
35 574
6,222
794
130
2 154
2 106
167
146
211
144
163
226
163
156
167
113 3
117 5
117.1
117 1
117.1
117.1
118 3
118 3
118 3
118.3
120 1
121.2
120.2
121.2
120 2
121.2
120 2
121.2
120 2
121.2
120 2
121.2
120.2
121.2
116 2
117.1
Revised.
1 Crop estimate for the year.
Annual total reflects revisions not distributed to the monthly data.
.300
.148
120 2
121.2
4 000
920
134
1 800
531
136
800
196
19
3 900
l' 314
342
4 100
'289
5 800
2 160
314
6,600
2 119
285
5,800
2 139
275
.280
.155
.280
.153
.280
.168
.320
.163
.330
.178
.450
.190
.450
.233
.575
.255
150
1 677
344
1 790
117
1 635
285
1,502
126
1 740
216
1,773
142
1 833
245
1,741
147
1,782
242
1,708
6 976
9 198
7 727
8 379
9 816
9,485
114 1
114.1
119.5
121.8
124.1
136.4
152.5
152.5
77.2
77.2
77.2
79.6
86.8
86.8
100.1
104.6
106.4
45 399
44 936
40 525
42720
44 525
44,310 ••48,706
44, 155
36 766 36206
6,939 r 7, 230
'722
680
152
140
••38,208
' 8, 469
'853
••176
36, 022
7,265
726
142
161
151
203
148
118.3
120.1
121.3
122.6
125.5
128.3
120.2
121.2
120.2
121.2
121.5
121.2
121.5
124.3
124.1
127.4
125.3
130.4
120 2
121.2
9 Includes data for items not shown separately.
1 021
.575
.280
SURVEY OF CURRENT BUSINESS
June 1972
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
| 1971
1971
Apr.
Annual
S-31
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
LUMBER AND PRODUCTS
LUMBER— ALL TYPES 9
National Forest Products Association:
Production, total
_ _ mil. bd. ft__
Hardwoods
. _
do
Softwoods
do Shipments total
Hardwoods
Softwoods
3,194
3,220
502
2,718
3,242
532
2, 710
3,199
574
2,625
3,028
536
2,492
2,924
481
2,443
2,832
450
2,382
3,076
467
2 609
3,383
506
2,877
3,272
562
2,710
3,560
644
2,916
3, 313
659
2,654
3,537
587
2,950
3,209
584
2,625
3 345
583
2,762
3,294
583
2,711
3,336
607
2,729
3,067
554
2,513
3,015
531
2,484
2,942
542
2,400
3 186
'610
2 576
3 566
3 422
5,266
984
4,282
6,042
1,287
4,755
5,895
1,225
4, 670
5,741
1,250
4,491
6,723
1,253
4,470
5,594
1 145
4,449
5,532
1,084
4,448
5,397
1,053
4,344
5,358
1,035
4,323
5,266
984
4,282
5,155
891
4,264
5,040
743
4,857
666
4,704
603
4 297
4,191
4,101
1, 266
6,095
1,081
7,599
90
563
88
650
95
761
79
767
85
624
72
797
88
516
131
582
95
679
92
757
101
703
152
768
120
745
7 398
8,471
853
673
614
633
814
677
695
787
685
715
735
735
696
704
775
740
668
566
819
722
657
644
915
689
763
700
713
739
949
696
702
943
685
663
965
764
735
994
826
870
950
731
752
929
21
3
19
25
8
17
13
3
10
49
15
34
36
10
26
135. 33
135. 70
137. 42
577
2,874
33,490
6,195
27, 295
37, 677
6,828
30, 849
6,326
1,478
4,848
_ _ _ do .
do
mil. bd. ft.
do
Stocks (gross) , mill, end of period, total... -do
Hardwoods
_
_ _
__do
Softwoods
_ _
__do
Exports total sawmill products
_
Imports, total sawmill products _
3,384
613
2,771
36, 617
6,334
30, 283
do
do _
- - - do
-
3,168
34, 462
7,023
27, 439
3,451
599
2,569
590
2,604
583
2,983
622
2, 800
SOFTWOODS
Douglas fir:
Orders new
Orders, unfilled, end of period
Production
.
Shipments
•
Stocks (gross), mill, end of period.
457
- do
__do_ _
__do_ __
Exports, total sawmill products
Sawed timber _ - _ _
Boards, planks, scantlings, etc
do
do
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M bd. ft_.
Flooring, C and better, F. G., I" x 4", R. L.
S p e r M b d . ft__
7 475
7 427
1 058
8,247
8,362
943
741
773
639
654
723
770
605
585
1,060
769
757
715
715
1,075
1,013
1 033
1 045
1 045
657
727
975
380
87
292
329
88
240
36
11
24
27
5
22
36
10
25
9
2
6
17
6
12
12
3
8
21
4
17
58
21
37
92.22
i 117. 68
111. 50
112. 12
116. 72
125. 72
129.92
128.88
128. 59
127. 45
130. 23
134. 97
226. 76
i 227. 78
228. 10
224. 99
224. 22
224. 22
232. 02
232. 02
231. 87
226. 28
225. 35
(2)
_mil. bd. ft.
do
7,316
373
8,640
421
790
448
702
447
771
454
749
463
724
440
690
405
744
385
693
406
696
421
819
519
740
525
808
517
793
515
Production
do___
Shipments
do
Stocks (gross) , mill and concentration yards, end
of period.
mil. bd. ft.
7,295
7 267
8,432
8 592
750
767
694
703
731
764
718
740
721
747
715
725
756
764
694
672
688
681
691
721
730
734
782
816
770
795
1,376
1,216
1,295
1,286
1,253
1,231
1 205
1 195
1,187
1,209
1,216
1,186
1 182
1,148
1, 123-
78 418
64 923
5,173
6,091
6,931
8,563
5,140
6,973
1,760
1,338
7,050
4 058
5 883
4 521
7,366
107.9
133.7
127.1
130.7
133.2
140.7
143.2
143.2
143.2
143.0
143.4
144.2
146.0
149.1
153.4
154.5
122.9
132.8
131.3
131.3
132.6
136.0
136.0
136.0
136.0
136.0
136.0
136.9
138.1
138.7
141.8
141.8
9,341
10, 458
925
845
973
971
906
Southern pine:
Orders, new
Orders, unfilled, end of period
Exports, total sawmill products
M bd. ft
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1967=100..
Flooring, B and better, F. G ,1" x 4", S. L.
1967=100..
Western pine:
Orders, new
Orders, unfilled, end of period
mil. bd. ft..
do
Production
Shipments
334
do
do
9 378
9 371
Stocks (gross) , mill, end of period
do___
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
$ per M bd. ft
362
386
356
10 175
10 430
931
913
823
875
940
872
374
437
368
365
876
955
868
877
914
941
786
847
778
782
968
919
374
341
362
433
407
424
436
974
974
887
897
806
819
794
826
705
707
820
808
940
951
882
907
1,427
1, 414
1 380
1 392
1, 381
1,356
1,634
1,382
1,601
1,549
1,470
1,461
1,437
1,437
83 79
96.44
101. 21
99.29
92.70
96.40
106.24
109. 10
106 57
mil. bd. ft.
304.4
9.1
322.5
8.1
25.2
27.7
9.3
32.1
11.6
32.3
14.5
27.0
10.0
26.9
do
do
do
do _
315 2
306.7
33.3
315 9
321.6
22.0
28.2
25.2
38.1
24.7
27.7
35.2
25 4
29.9
32.5
25.0
29.4
28.1
28.3
31.3
25.1
37.3
27.8
24.6
1 382
141. 64
105 14
108. 28
113 20
117 69
121 77
127 01
27.8
24.0
7.4
24 0
81
24.9
10 1
23 7
11 4
26.8
13 7
22.8
15 2
25 2
27.1
22 7
24.4
21.4
22 7
24 4
22 0
21 8
22 5
21 3
9Q 5
22 6
18 8
21 5
24 2
16.1
19 4
20 7
14.7
248
284
397
494
208
332
221
519
261
588
1 472
' 27
1 336
130 52
HARDWOOD FLOORING
Oak:
Orders, new
Orders, unfilled, end of period
Production
Shipments _ _ _ _
Stocks (gross) , mill, end of period.
9.3
8.4
8.7
oo o
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons.. * 7, 062
Scrap..
_
do
10 365
Pig iron
_
do
310
Imports:
Steel mill products
Scrap
__ __
Pig iron
_
do
do
do
13 364
346
266
2,827
6 256
f
189
526
34
7
18 304
1 363
325
320
183
642
1
1,792
26
31
20
26
5,022
3 069
8 304
7 301
5,066
3 084
8 308
7,195
249
579
5
2 112
30
40
298
440
5
1 688
24
37
164
552
4
1 554
286
794
3
1 780
33
39
37
54
4,012
2 416
6 252
7 780
2,556
2 116
4 583
7 863
3 201
2 419
5 624
7 898
31.24
35.50
29.90
36.00
31.78
36.00
172
373
1
(3)
3
1
2
1
1 095
199
469
930
26
34
1 093
1 129
24
31
35
29
7
3,498
2 821
5 966
8 260
3 420
o 490
5 822
8 357
3 557
2 391
6 023
8 298
3 795
9*926
6 950
8 251
3,949 rr 4, 383 P
2 938
3 637 »
6 913 f 7 967 P
8 219 T 8, 310 P
4,417
3 486
7,946
8,267
31.53
35.00
29.70
34.00
28.93
33. 00
31.03
36.00
32.84
38.00
32.74
35.50
1 437
28
18
31
54
30
5
254
614
1
(3)
1,603
48
62
Iron and Steel Scrap
Production
Receipts, net
Consumption
Stocks, end of period
___
thous. sh. tons
do
do
__
do
4
4
4
52, 575
34 148
85 559
7 668
49 177
32 870
8l' 612
8 298
4,771
3 180
7 565
7 597
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ perlg. ton.. 40.72
31.62
33.33
34.29
33.19
Pittsburgh district
_ __
do
37.00
37.50
36.50
42.00
36.80
r
Revised.
» Preliminary.
1 Beginning Jan. 1971, data reflect changes in size specifications, and are not comparable with those for earlier periods.
2 Series discontinued.
33.66
36.00
3
4
Less than 500 tons.
Annual data: monthly revisions are not available,
include data for types of lumber not shown separately.
33.68
37.00
$ Totals
SURVEY OF CUKEENT BUSINESS
S-32
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
June 1972
1971
1971
Annual
Apr.
May
June
July
1972
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
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
89,760
88,011
44, 876
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 (run. content), general imports
do
do_
do
do
do _
' 81,887
79,258
40, 124
6,223
5,317
3,049
9,158
10, 495
4,643
9,071
11, 047
5,361
9,011
10,623
5,124
6,737
8,264
3,969
8,325
9,001
2, 920
6,309
7,969
3,166
5,507
5,989
3,220
5,360
3,891
2, 161
4,585
2,037
1,317
4,586
1,649
1,701
5,051
1,749
1,732
5,933
2,972
1,775
3,357
125, 107
123, 261
5,494
114, 051
108, 966
3,061
8,684
11, 054
366
14, 169
11, 703
351
16,042
10, 535
325
14, 780
9,158
355
11,153
5,041
187
11, 695
6,902
203
10, 144
7,388
281
8,355
7,130
119
5,879
8,006
163
3,479
8,668
20
3,190
9,001
14
4,188
10, 505
149
5,069
10, 482
56
94
i 71,500
15,316
52, 781
3,403
78, 714
17, 552
57, 738
3,424
57, 656
25, 301
31, 384
971
59, 124
24, 001
33, 957
1,166
62, 929
22, 057
39,463
1,409
67, 306
20,498
45, 085
1,723
71, 854
18, 605
51,197
2,052
76, 262
17, 945
55, 941
2,376
78, 040
16, 398
58, 697
2,945
79, 187
15,942
59,922
3,323
78, 714
17, 552
57,738
3,424
75, 822
20, 130
52, 550
3,142
72, 723
23,156
46, 730
2,837
68, 719
26, 481
40, 412
1,826
65, 554
29, 414
34, 999
1,141
990
1,019
93
93
114
143
119
99
40
41
102
104
92
87
65
91, 435
90, 126
2,082
r 81, 299
80,319
1,777
8,421
8,387
1,860
8,783
8,714
1,835
7,930
7,883
1,859
6.851
6,751
1,888
3,701
3,339
1,940
5,148
5,146
1,886
5,532
5,473
1,829
5,350
5,384
1,801
5,930
5,901
1,777
6,617
6,584
1,783
7,726
6,598
7,708
6,379 ' 7, 599 7,553
1,742 '1,732 P 1,676
69.33
69.26
70.33
76.03
75.83
77.00
73.70
73.33
74. 50
73.70
73.33
74.50
77.70
73.33
74.50
77.70
78.33
79.50
77.70
78.33
79.50
77.70
78.33
79.50
77.70
78.33
79.50
77.70
78.33
79.50
77.70
78.33
79.50
77.70
78.33
79.50
77.70
78.33
79.50
77.70
78.33
79.50
888
13,945
8,173
827
13,840
7,428
924
1,292
672
862
1,278
680
839
1,290
703
798
1,004
603
770
985
598
745
1,111
600
779
1,174
640
806
1,098
595
827
1,014
548
809
1,174
568
'844
' 1, 211
'583
898
1,347
671
78
852
521
88
882
505
67
77
44
65
76
43
68
78
46
75
54
33
83
72
42
82
74
46
80
79
46
84
72
40
88
70
42
79
77
42
87
80
44
88
87
49
120, 443
'94.7
12,565
120.2
12, 920
119.6
11,491
109.9
9,942
92.0
5,774
53.4
7,678
73.4
8,211
76.0
8,053
77.0
8,784
81.3
10, 001
92.6
9,980
98.7
281
1,587
1,290
325
145
120
311
141
113
303
154
125
310
109
88
299
112
91
293
132
109
278
129
103
261
114
92
281
129
104
300
121
99
'304
'132
'109
304
145
119
1 90, 798 l 87,038
9,470
9,341
9,810
9,163
3,703
4,522
5,183
5,791
6,104
6,588
6,649
7,927
7,622
371
351
450
95
387
352
430
100
385
384
492
135
323
347
538
131
322
378
547
140
417
491
641
158
387
462
618
153
888
471
319
91
440
202
361
2,026
744
728
903
605
296
95
470
198
576
2,375
825
945
940
552
287
95
489
195
476
2,609
920
1,034
1,091
642
272
170
450
202
410
3,096
978
1,454
1,113
689
294
123
526
214
462
2,946
1,030
1,188
1,393
850
387
148
709
257
533
3.327
1,161
1,324
1,296
770
381
138
652
254
521
3,280
1,142
1,331
r
52
Pig Iron and Iron Products
Pig Iron:
Production (excluding production of ferroalloys)
thous. sh. tons__
Consumption
_
-do
Stocks end of period
do
Prices:
Composite
$ per Ig. ton-Basic (furnace)
do
Foundry, No. 2, Northern
do-_ .
Castings, gray iron:
Orders, unfilled, for sale, end of period
thous. sh. tons__
Shipments, total.
_ _ _ _ __
_do-_
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh. tons
Shipments, total _ _ _ _ _ _ _ _
_ __do._
For sale
do
77.70
78.33
79.50
81.70
80.88
83.25
Steel, Raw and Semifinished
Steel (raw):
Production
thous. sh. tons.. 131,514
Index
daily average 1967=100
103.4
Steel castings:
Orders, unfilled, for sale, end of period
thous. sh. tons__
321
Shipments, total
do
1,724
For sale, total
do
1,416
11, 588 ' 11,588 »11, 930
107.3
110.8 P110.4
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous. sh. tons
By product:
Semifinished products
do
Structural shapes (heavy), steel piling do
Plates,
_
do
Rails and accessories
do
Bars and tool steel, total
do
Bars' Hot rolled (incl light shapes)
do
Reinforcing
do
Cold
finished
do
Pipe and tubing _
do
Wire and wire products
do
Tin mill products
do
Sheets and strip (incl. electrical), total- _ _ do
Sheets* Hot rolled
do
Cold rolled
do
By market (quarterly shipments) :
Service centers and distributors
Construction, incl. maintenance
Contractors' products
Automotive
7,387
6,060
8,065
1,590
4,962
5,666
7,939
1, 564
558
530
761
155
452
554
802
156
497
617
860
167
454
631
871
161
144
190
267
65
354
313
395
89
14,577
8,107
4,891
1,490
7,778
2,998
7,243
35, 101
12, 319
14, 250
14, 156
8,179
4,521
1,378
7,574
2,791
6,811
35, 574
11, 760
14, 898
1,554
949
441
157
1,013
289
635
3,974
1,224
1,802
1,447
861
441
138
750
289
749
4,141
1,315
1,825
1,472
844
476
146
769
310
865
4,252
1,394
1,825
1,430
796
509
118
815
312
1,040
3,448
1,228
1,345
703
310
307
79
492
138
229
1,475
471
545
810
354
336
82
428
170
328
1,634
562
569
117,678 i 16, 184
110, 565 19,541
14,440 14,946
114,475 i 17, 483
4,916
3,155
1,642
6,653
3,480
2,117
1,035
2,637
3,392 21,192 2 1, 278 2 1, 528 2 1, 505
2813
2642
2878
2579
1,710
2399
2412
2344
2351
952
2,940 2 1, 531 2 1, 421 2 1, 622 2 1, 564
Rail transportation
do
3,004
1 3, 098
Machinery, industrial equip tools
do
15,169
4,903
7,212
Containers, packaging, ship, materials _..do___
'7,775
Other
do. _ 127,598 123,765
950
1,636
2,412
556
873
1,638
2272
2230
2226
567
2550
2389
885
2377
2578
2506
1,427
2456
5,205 21,885 2 1, 832 22,188
2231
2451
2562
22,097
9.1
5.7
6.1
9.0
5.8
5.9
do
do___
do
do
Steel mill products, inventories, end of period:
Consumers' (manufacturers only). .mil. sh. tons_
Receipts during period
do___
Consumption during period
do___
9.4
67.1
67.5
Service centers (warehouses)
do-Producing mills:
In process (ingots, semifinished, etc.)
do.__
Finished (sheets, plates, bars, pipe, etc.).do.-_
7.2
7.4
7.6
7.5
7.4
7.9
8.0
7.5
7.2
7.2
12.8
10.5
10.7
9.0
11.8
11.0
11.7
10.5
10.9
9.3
10.2
7.5
10.4
7.8
10.8
8.6
11.1
9.0
10.9
9.0
.1129
.1129
.1123
For month shown.
.1129
.1134
10.0
67-6
67.0
11.7
7.3
6.1
13.0
7.3
6.0
14.6
7.9
6.3
15.9
6.3
5.0
.1100
.1069
Steel (carbon), finished, composite price.. .$ per Ib.
.1056
.1056
.1089
.1014
r
Revised.
i> Preh'minary.
i Annual data: monthly or quarterly revisions are not available.
14.6
3.8
5.1
2
13.1
4.1
5.6
11.6
3.9
5.4
10.6
4.3
5.3
10.0
5.3
5.3
9.5
6.1
5.6
74
7.1
'6.9
6.8
10.7
9.0
11.3
9.2
11.2
9.6
'11.2
9.7
11.5
10.0
.1171
.1180
.1191
.1191
10.0
43
4.9
.1191
June 1972
STJRVEY OF CURRENT BUSINESS
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
Annual
S-33
1971
Apr.
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES—Continued
NONPERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons
Recovery from scrap (aluminum content) do
Imports (general):
Metal and alloys, crudePlates, sheets, etc
Exports, metal and alloys, crude _ __
3, 976. 1 3, 925. 2
!940. 0
852.0
do _
do
- do
Price, primary ingot, 99.5% minimum... $ per Ib.
Aluminum products:
Shipments:
Ingot and mill prod (net ship )
Mill products, total
Sheet and plate
Castings
mil Ib
do
do
. do
325.0
74.0
329.5
59.0
333.4
76.0
325.8
65.0
329.0
77.0
314.2
72.0
324.5
75.0
326.1
77.0
313.6
85.0
336.2
87.0
330. 8
63.4
60.9
46.6
38.1
43.7
48.5
46.8
10.7
13.4
43.9
70.0
5.3
3.5
9.0
6.7
55.0
5.5
6.9
.2900
.2900
.2900
159.7
31.5
12.6
4.2
4.0
24.0
5.7
5.6
.2900
.2900
.2900
.2900
.2900
.2900
.2900
746.8
580. 1
258.2
140.8
689 7
564.1
278.1
97.1
814 7
656 6
343 9
124.3
874 8
674.6
346.5
134.2
761 5
611 7
301.9
143.4
772.2
615.1
304.0
138.1
840.5
625.2
321.8
135.5
879.6
670.3
354.1
149.3
r
r
p
r
901. 3 1, 016. 4
791.6
713. 7
409.9
369. 9
162.3
152. 6
4,662
4,736
4,764
4,957
4,986
5,020
5,017
T
5, 038
2
4
4
0
8
49.2
42.6
38.7
15.2
104.5
74.0
63.2
10.9
24.5
113.4
103 1
90.9
12.1
29.8
136.3
138.6
124.3
14.3
37.0
137.6
145.9
130.6
15.3
35.9
136.9
149.7
137.5
12.2
31.4
130.2
141.2
127.1
14.1
36.1
350.2
78.7
408.5
560.4
71.0
112.3
95.7
11.3
7.5
8.0
10.3
6.8
3.6
.2872
.2900
.2900
.2900
.2900
1 119 8
839 1
467 1
134.1
6.4
7.1
7.4
3.1
7.7
4,387
5,020
4 443
4,274
4,465
1,719.7
1,765 1
1, 521. 2
243.9
475 0
1, 533. 1
1,591.8
1, 410. 5
181. 3
371.0
143.1
160 0
141 6
18.4
28 8
147.2
150 0
136 4
13.7
34 7
152
166
148
18
31
394.2
132 1
365.8
162.1
26.4
11 6
21.9
7 4
35.4
9 9
28.9
12.4
37.0
23.2
41.5
20.2
21.3
15.5
18.2
13.4
49.2
17.8
29.0
12.6
348.9
222 0
283.0
187.7
37.0
23 7
32.9
23 9
24 8
17 5
8.5
4.6
10.1
16.4
10.4
7.4
4.1
15.6
5.4
9.4
29.4
20 8
18.8
10.5
i 2 042
1
348 0
i 187 o
2,014
277. 4
174 4
192 0
365 3
234 1
205 7
334 3
223 9
202 6
294 1
223 8
107.4
264.0
204 2
154.5
229.8
168 9
151 9
224 4
143 6
174.6
242.8
142 1
167.2
260.7
154 0
155 1
277 4
174 4
0161.8
» 293. 0
P161.7
2 583
2. 5201
5283
5284
5284
5290
.5289
.5284
.5224
5032
2,513
2,329
2,711
2 354
Imports (general) :
Refined, unrefined, scrap (copper cont.)_.do
Refined
do
Exports:
Refined and scrap..
do. _
Refined
do
Consumption, refined (by mills, etc )
do
Stocks, refined, end of period
do
Fabricators'
do
Price, electrolytic (wirebars), dom., delivered
$ per Ib
341.8
72.0
9 952 5 1110 245 6 1 067 5
7 358 0 7 836 7
769 6
3 688 6 3,976. 4
416 1
1, 506. 5 1,577. 2
134 9
Inventories, total (ingot, mill prod., and scrap),
end of period
mil Ib
Copper:
Production:
Mine, recoverable copper _ _ thous. sh. tons
Refinery, primary
do
From domestic ores
do
From foreign ores
.
do
Secondary, recovered as refined
do
327.1
75 0
Copper-base mill and foundry products, shipments
(quarterly total) :
Brass mill products
mil Ib
Copper wire mill products (copper cont ) do
Brass and bronze foundry products
do
751
4.0
6.4
7.5
.2636
5,005
139.0 r 147. 4
173.7
146.3
152.3
133.5
21.4
12.9
36.9
27.3
141.6
153.5
139.5
14.0
26.2
8.6
38.9
16.1
29.9
10.5
33.5
13.6
34.8
26.6
33.1
22.8
26.7
20.2
20.8
14.4
.5032
.5061
.5257
. 5257
.5257
30.5
669
584
180
641
557
164
754
649
187
705
73.4
6.1
6.4
Lead:
Production:
Mine recoverable lead
thous sh tons
Recovered from scrap (lead cont )
do
571.8
i 597. 4
573 4
572 7
47 2
50 8
45 6
48 1
45 6
46 4
45 2
42 4
48 1
46 1
48 9
49 1
48 4
51.6
48 9
50 6
55.6
46.0
48.8
45.3
»-53.3
41.8
55.5
54.2
Imports (general), ore (lead cont.), metal.. .do
Consumption, total
do
357.1
1, 360. 6
261.7
1 392 4
21.2
117 4
24.3
116 2
18.5
115 9
18.7
94 8
13.9
119 6
24.4
127 7
18.6
125.0
20.7
118 9
23.5
114.4
26.6
115.5
18.9
116.7
42.5
125.5
22.5
179.4
154.7
190 3
186 1
182.5
169.5
163. 1
165.9
158.9
153.3
154.7
141.0
145.4
161.1
155.9
97.9
i 133. 5
51 8
118 7
84 7
121 8
83 6
121 5
76 6
131.8
87 3
133 8
74 3
126.4
63 1
122 8
57.1
114.1
48 2
116 9
51.8
118.7
57.9
122.7
50.2
121.5
37.8
133.5
173 3
.1562
72 1
.1380
65 8
.1350
65 0
.1350
64 5
.1365
68 3
.1413
66 7
.1412
63 7
.1412
66.3
.1416
64 6
.1388
72.1
.1402
74.2
.1400
74.8
.1460
c
71.1
.1550
.1557
.1560
10
4,478
1 805
430
4,100
1 680
0
5 441
1 070
1,091
2,059
1 305
12
5,206
1 720
597
5,207
1 685
0
3,180
1 595
0
5,414
1 485
197
4,971
1 665
469
5,975
1,710
441
3,019
1,815
0
3,793
322
6,248
6 305
4 710
6 175
4 615
6 'MO
4 625
5 605
4,335
5 185
3,760
5 870
4,455
920
1,858
1 680
'250
5 910
4,465
5,610
3,920
5,370
4,125
5,470
4,100
6,190
4,605
5,750
4,410
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. sh. tons
Refiners' (primary), refined and antimonial
(lead content)
thous sh tons
Consumers' (lead content) cf
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous sh tons
Price, common grade A
$perlb__
Tin:
Imports (for consumption):
Ore (tin content)
lg. tons_.
4,667
3,060
50, 554 i 46, 940
Metal, unwrought, unalloyed
_
do
i 20 001
Recovery from scrap total (tin cont )
do
17 973
1
As metal. _ _ _
do
i 2, 574
2, 870
Consumption, total
do
i 73 829
70 545
Primary
do
i 53,027
52, 415
Exports, incl. reexports (metal)
Stocks, pig (industrial), end of period
Price, pig, Straits (N.Y.), prompt
Zinc:
Mine prod., recoverable zinc
Imports (general):
Ores (zinc content)
Metal (slab, blocks)
do
do
$ per Ib
thous sh tons
Consumption (recoverable zinc content):
Ores _
Scrap, all types _
4,966
11 318
1. 7414
1
534 1
255
285
255
245
260
19
265
5 800
4, 155
9
260
23
205
51
250
86
225
118
191
2,306
*• 9 804
1. 6734
376
398
400
8 495
1. 6888
9 510
1. 6602
10 600
1 6448
10 340
1. 6644
11 205
1. 6607
10 905
1. 6729
9 025
1. 6770
491 6
41 4
43 8
43 5
38.0
41 2
38.2
40 1
40.8
39.3
37.8
39.8
45.6
41.7
27.7
43.4
33.2
27.3
31.0
31.3
23.4
53.5
29.9
24.7
11.3
20.5
'11.6
21.1
12.8
21.1
13.1
20.9
138
125
79
8,520
1. 7539
9,610
1. 7436
12,005
1. 7131
12,670
1. 7200
r
11, 247
1. 7981
10, 630
1.8198
235
1. 7792
do
do
525.8
270.4
342.6
319.6
32.9
22.7
25.8
21.2
40 9
27.1
21.0
30.3
18.1
28.5
24.0
41.7
23.8
17.6
20.3
25.5
do
do
1124 8
^259 9
i 119 3
i 277 4
10 8
19 2
10 0
18 9
11 0
18 4
10 8
20 3
10 8
21.1
15 7
20 7
7.5
21.6
10 1
21.0
11.2
20.5
65 7
6 6
110 6
2 1
50 1
53
95 3
51 7
56
97 5
45 7
5 7
101 2
61 2
6 3
104 6
61 4
59
100 5
64 5
62.0
56.2
105. 8
106.6
113.4
126.0
122.1
.7
.6
1.5
1.3
0
68.5
109 3
.1600
65.2
114 8
.1619
56.9
94.6
.1700
51.1
91.3
.1700
52.9
97.1
.1700
50.6
98.4
.1700
50.5
95.0
.1700
37.8
'92.0
.1700
29.4
97.6
.1730
23.4
93.3
.1774
20.2
Slab zinc:
Production (primary smelter), from domestic
i ggo g
i 772 9
and foreign ores
thous sh tons
74 5
75 8
Secondary (redistilled) production
do
74 4
74 5
6 8
6 3
Consumption, fabricators
do
1 187 0 1 254 1 116 7
115 6
Exports.. _ _._
"
do
.3
13 3
1.1
•1.3
Stocks, end of period:
Producers', at smelter (ZI)O
do
198.3
84.3
141.3
80.7
1
Consumers' _ _ _ __ _ _
do
90 6
89 6 i 104 3
99 2
Price, Prime Western
$perlb-_
.1532
.1550
.1613
.1578
r
Revised.
p Preliminary.3
i Annual data; monthly revisions are not available.
2 Average for 11 months.
Less than 50 tons.
« Corrected.
AEffective Dec. 1971, nationwide delivered price substituted for N. Y.-basis price.
280
0
(3)
62.6
100 9
.1700
0
.1
(3)
5.9
(3)
6.0
5.6
60.7
5.9
24.6
39.0
57.2
5.7
.1788
cf Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
O Producers' stocks elsewhere, end of May 1972,10,600 short tons.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
Apr.
Annual
June 1972
May
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES—Continued
MACHINERY AND EQUIPMENT
Foundry equipment (new), new orders, net
mo. avg. shipments 1967=100.. 155.6
Heating, combustion, atmosphere equipment, new
orders (domestic), net, qtrly
mil. $._ 188.5
Electric processing heating equip
do
} 150.9 {(
Fuel-fired processing heating equip
do
Material handling equipment (industrial) :
Orders (new), index, seas, adjt
1967—100
Industrial trucks (electric), shipments:
Hand (motorized) _
__
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines), shipments
number
Industrial supplies, machinery and equipment:
New orders index, seas, adjusted* 1967-69=100
Industrial suppliers distribution:
Sales index, seas, adjusted*
1967=100
Machine tools:
Metal cutting type tools:
Orders, new (net), total
mil. $ .
Domestic __ _ _
do
Shipments, total. _ _ _
_ _ _ _ _ _ do __
Domestic
do
Order backlog, end of period
. __ do
Metal forming type tools:
Orders, new (net), total
Domestic __
Shipments, total
Domestic
Order backlog, end of period
_
do
do
do
do
-do
__
__
84.2
102.7
54.9
63.7
7.5
30.3
73.1
80.2
53.2
19.4
13
11 6
48.4
79.5
69.1
117.6
72.9
70.5
90.8
78.0
16.2
2.5
7.4
14.4
2.2
59
14.1
18
59
99.6
86.0
90.3
99.2
120.3
105.6
110.8
85.6
111.7
108.4
111.6
116.0
114.9
13, 816
14, 811
12, 644
14, 621
1,179
1,299
984
1,120
1,080
1,129
969
1,210
934
889
1,112
1,299
1,211
1,509
953
1,229
1,198
1,451
1,004
1,128
1,093
1,205
1,297
1,404
1,253
1,279
41, 194
49,289
4,233
3,605
3,612
4,668
3,441
4,209
4,838
3,900
4,771
2,764
3,022
3,282
3,281
103.3
101.0
102.6
97.6
102. 9
104.4
104.4
106.3
106.5
105.2
104.3
106.7
107.2
105.8
108.0
112.8
105.9
104.7
103.7
99.3
106.3
101.5
105.7
110.1
102.4
112.0
117.2
108.0
114.2
119.4
112.8
120.9
651. 30
506. 75
992. 90
827. 35
470.7
608. 75
524. 10
672. 30
554. 20
407.5
42.30
36.60
71.75
60.15
378.2
46.85
41.30
52.55
44.20
372.5
64.20
50.90
60.75
49.85
376.0
55.15
45.85
45.30
39.55
385.9
60.40
54.50
40.90
33.35
405.4
49.85
44.15
58.90
47.40
396.4
45.00
41.75
47.90
38.75
393.5
55.45
50.80
41.70
35.45
407.3
70.80
62.75
70.65
62.60
407.5
51.15
47.95
39.60
33.65
419.0
60.80
55.25
46.40
40.10
433.4
' 95. 70
' VV. 35
' 56. 75
' 48. 15
' 472. 4
66.70
57.20
49.55
44.40
489.6
82.45
71.75
58.50
49.30
513.6
261. 25
226. 60
450. 15
411. 60
234.8
252. 40
223. 20
325. 60
285. 60
161.8
13.30
12.60
26.25
24.75
191.8
24.90
23.00
26.50
22.50
190.2
20.85
17.85
28.45
26.90
182.6
22.85
20.35
19.45
17.15
186.0
17.90
14.65
21.65
16.90
182.3
25.40
24.60
21.90
18.65
185.8
21.05
16.25
27.30
20.75
179.6
22.60
18.45
26.40
20.00
175.8
20.75
19.95
34.80
32.40
161.8
19.60
17.95
16.35
13.70
165.0
24.95 r 23. 40
21.80 ' 21. 75
22.70 r 33. 50
19.30 ' 28. 85
167.3 ' 157. 2
27.65
26.50
26.35
21.95
158.5
26.55
24.20
23.65
21.50
161.4
Tractors used in construction:
Tracklaying, total
units. 1 19, 436 1 18, 520
mil. $__ i 464. 6 i 479. 6
Wheel (contractors' off-highway)
units
i 5, 099 2 3,642
mil. $__ i 170. 5 2 133.3
Tractor shovel loaders (integral units only) , wheel
and tracklaying types
units
i 24, 622
26, 952
mil. $__ 1 581. 1
646.6
Tractors, wheel (excl. garden and contractors' off1
highway types)
units
175,309 1165,343
mil. $._ i 847. 0 i 891. 9
4,895
141.3
2 21, 102
39 1
4,051
109.2
2
908
2
33 2
4,155 31,831 31,938 32,026 3 1, 912
352.2 353.3 352.3 351.5
99.0
2
687
2
25.9
7,470
177. 7
6,295
156.1
6,494
140.1
40, 448
238.1
41, 526
212. 2
43, 482 3 15, 594 '316,908 20, 500 17, 000
246.2 390.6 a 98. 7 3 123. 8 3 103. 1
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments
thous..
Electronic components, factory sales:
Semiconductors:
Discrete devices
mil. $..
Integrated circuits
do
Tubes, selected power and spec, purpose do
Microwave.
do
Electro-optical
do
High vacuum, gas, and vapor
do
Capacitors
do
Motors and generators:
New orders index, qtrly
1967—100
37, 863
39, 144
1,943
2, 192
2,528
2,848
3,606
4,402
4,310
4,264
4,160
3,804
3,654
r 2, 826
'2,249
i 686. 0
523.7
290.6
142.4
74.3
73.9
483.0
1 621. 2
i 534. 0
260.9
122.5
65.7
72.7
434.9
50.4
40.9
48.8
41.8
55.5
45.7
65.5
31.0
16 5
18.0
37.7
45.5
39.6
48.3
44.6
56.5
50.7
60.1
27.8
14.7
17.6
38.8
52.8
46.4
51.7
47.5
56.7
51.7
71 0
32.0
18 3
20 7
39.5
53.8
47.9
54.4
52.7
63.7
57.9
60.7
56.9
Radio sets, total, production
_
Television sets (incl. combination), prod
16, 406
9,483
18, 579
11, 197
5,886
2,116
1,976
2,362
5,286
4,093
2,981
7,382
i 5, 438
2,477
i 2, 294
2,714
i 5, 691
i 4, 608
3,377
7,973
1,471
2,362
2,785
1,795
2,549
3,083
thous
do
Household electrical appliances, factory sales:
Air conditioners (room)
thous__
Dishwashers*
do
Disposers (food waste)*
do
Ranges
do
Refrigerators _
do
Washers
do
Dryers (incl. gas)
do
Vacuum cleaners
do
98.3
36.3
35.1
34.9
35.4
90 7
87.0
37.4
34.5
34.6
33.5
33.4
38.9
85.5
86.5
85 5
1,535 4 1, 928
941 4 1, 184
1,276
1,002
1,336
956
41,857
4 1, 286
1,616
1,012
476.3
206.4
201.6
244.1
428.8
412.8
347.4
748.8
541.9
227.9
212.2
238. 3
446.2
381.5
304.6
884.7
1,487
889
4 1, 690
4 1, 114
983
705
1,149
844
M,843
* 1, 195
1,725
912
r 783. 9 r 756. 3
189.3 r 161. 7
305.1
194.9
186.2
228.8
585.6
399.3
259.2
570.9
149.5
232.8
200.0
254.5
576.7
424.3
324.0
692.2
118. 3
220.9
239.2
233.0
507.8
495.0
370.1
827.5
120.8
299.9
219.0
286.3
550.0
446.2
385.3
825.7
258.6
266.5
228.2
260.8
477.5
409.2
354.7
712.7
320.8
200.4
199.8
232.2
406.5
366.3
315.8
623.8
611.9
242.6
259.3
245.2
471.9
425.0
304.3
743.1
704.2
263.2
210.7
274.3
515.5
373.7
248.8
634.1
158.9
171.8
267.2
167.0
232.5
262.1
187.9
254.2
235.8
197.1
223.0
262.8
158.3
213.7
230.2
159.8 ' 170. 6
161.7
147.5
210.9 r 261. 6
181.9
215.0
218.8 ' 258. 7 ' 293. 8 ' 258. 0
173.5
212.7
262.4
1,498
867
r 176. 3
212.0
212.3
457.6 r 471. 2
' 303. 6 r 304. 6
182.4 ' 177. 3
' 659. 2 535.5
r 162. 2
750.8
208.0
199.1
234.8
562.5
398.8
259.6
628.0
131.8
204.1
296.3
141.2
198.2
267.2
134.0
242.4
280.0
2,455
1,420
995
681.2
268.8
210.9
273.5
583.6
408.8
263.1
GAS EQUIPMENT (RESIDENTIAL)
Furnaces, gravity and forced-air, shipments* thous. _
Ranges, total, sales*. _
do
Water heaters (storage), automatic, sales* _ _ _ _ d o
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
665
467
596
518
558
654
Production
thous. sh. tons.. i 9, 481 ' 8, 702
683
'782
708
810
765
793
738
618
25
26
64
29
Exports
do
66
36
105
76
36
17
789
671
92
66
75
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton.. 16. 565
17. 673 18. 365 17. 581 16. 856 17. 346 17. 346 17. 444 17.346 17. 346 17. 346 17. 738 17.738 17. 738 17. 738 17. 738
BituminousProduction
thous. sh. tons__ 602,932 '548,000 '553,915 '50,065 '48,910 '39, 214 '55,768 '54,042 '11, 768 '26, 133 '55, 599 47,520 46, 325 51,040 '49,840 52,920^
Supply & Machinery Mfrs. Assn.), based on 2-month moving average of selected members
' Revised.
v Preliminary.
i Annual data; monthly or quarterly revisions are not
new orders, is also adjusted for number of working days. Sales index (National and Southern
available.
2 Excludes figures for rubber-tired dozers (included for other periods).
3 p0r
Industrial Distributors Assns.) is based on selected panel of members' operations which cover
month shown.
4 Data cover 5 weeks; other periods, 4 weeks.
« Revisions for Jan.national sales for maintenance, repair, and operations for all types of industries. Dishwashers
Mar. 1971: 49,396; 46,688; 56,502.
and disposers (Assn. of Home Appliance Mfrs.) and gas equipment (Gas Appliance Mfrs.
JEffective with the Apr. 1972 SURVEY, index reflects new seasonal factors. Revisions for
Assn.) reflect total industry sales. Monthly data prior to 1971 are available upon request.
1969-71 appear at bottom of p. S-34 of the Apr. 1972 SURVEY.
*New series. Industrial supplies (marketed through distributors)—orders index (American
SURVEY OF CURRENT BUSINESS
June 1972
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
Annual
S-35
1971
May
Apr.
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
PETROLEUM, COAL, AND PRODUCTS^Continued
COAL— Continued
Bituminous— Continued
Industrial consumption and retail deliveries,
total 9
thous. sh. tons. 44 517,158 22494,873
320,460 326,280
Electric power utilities
do.
Mfg. and mining industries, total
d o _ _ _ 44 184,328 2 157,035
96,009 2 82, 820
Coke plants (oven and beehive)
__do__Retail deliveries to other consumers
4
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 _
Retail dealers
39, 755
24, 807
14, 784
8,307
41, 926
28, 154
13, 642
7,723
40, 634
28,004
12,439
7,007
38,558
27, 783
10, 079
5,164
38, 313
27, 051
10, 281
5,817
36, 379
25, 167
9,971
5,699
36, 417
25, 944
9,150
4,679
40, 832
28, 294
11,087
6,152
44, 399
30, 074
12, 572
6,872
42, 606
28, 732
12,538
6,775
11, 351
245
138
100
162
670
950
1,224
1,315
1,443
1,753
1,336
3 94, 021
76, 987
3 18. 759
8,924
7,199
77, 527
83, 432
87,423
85, 147
91, 722
97,457
86,360
74, 946
9,804
10, 642
10, 849
8,517
10, 369
11, 818
7,988
5,381
94, 021
76, 987
16, 759
7,199
92, 908
75, 788
16, 730
7,850
93, 356
75, 813
17, 168
8,118
12,072
2
(3)
71, 295
(3)
do
3275
(3)
375
275
390
70,908
56,633
4,984
6,140
5,679
4,174
7,107
6,766
3,450
1,318
4,204
3,660
3,631
4,624
4,915
7.641
9.647
9.696
11. 209
9.810
11. 200
9.719
11. 200
9.719
11. 200
9.719
10. 890
9.719
10. 890
9.719
10. 890
9.719
10. 940
9.719
10.940
10. 131
11. 388
10. 266
11. 446
10. 266
11. 446
10. 266
11. 446
10. 146
11. 120
2730
56, 664
21, 823
68
5,621
1,832
77
5,693
1,803
76
5,268
1,821
67
4,816
1,835
55
3,455
1,950
54
3,976
1,787
38
3, 961
1,853
32
3,220
1,783
56
4,200
1,853
49
4,763
1,898
53
4,651
1,883
51
5,076
1,912
55
5,091
4,113
4,018
95
1.059
2,514
3,510
3,385
125
1,489
1,509
3,599
3,560
39
1,151
125
3,343
3,295
48
1,248
95
3,153
3,097
56
1,192
126
3,401
3,309
92
1,319
171
3,818
3,715
103
1,539
175
4,070
3,939
131
1,900
136
4,143
4,000
143
1,793
92
3,596
3,483
113
1,584
36
3,510
3,385
125
1,489
42
3,585
3,446
139
1,610
68
3,611
3,466
146
1,760
63
3,323
3,r 139
!84
1,601
77
3,111
2,900
211
number 2 13, 020
_. $ per bbl__
3.23
L__mil. bbl
3, 967.
5
4
% of capacity "
90
11, 804
3.41
4, 087. 8
86
880
3.41
336.2
86
969
3.41
332.8
83
998
3.41
344.5
89
925
3.41
355.0
88
886
3.41
352.4
87
959
3.41
334.0
85
921
3.41
345.5
85
967
3.41
333.6
85
1,330
3.41
351.5
86
807
3.41
353.1
85
965
3.41
329.4
85
1,210
3.41
351.8
85
923
3.41
920
3.41
5,377.7
5,532. 7
453.9
462.7
453.5
466.8
465. 2
447.6
460.7
455.6
497.4
483.3
460.6
497.2
3,517.4
612.2
3,478.2
2
623. 9
295.1
51.3
301.0
52.8
290.1
51.1
295.3
52.6
293.8
52.7
276.0
50.9
286.0
52.8
276.0
51.2
284.0
56.1
282.6
52.9
268.9
50.8
293.1
55.2
48.5
58.6
49.6
58.8
53.9
57.6
59.2
59.0
63.4
53.7
61.4
57.5
64.0
56.3
63.4
63.8
71.3
84.1
68.9
77.1
64.5
74.7
67.3
79.4
Exports
do
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
$persh. 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
40, 895
25, 103
15, 522
8,157
thous. sh. tons..
4871
4
do
65, 654
do
4 21, 574
l
do
do
do
do
do
2
r
10. 146
11. 120
95
PETROLEUM AND PRODUCTS
Crude petroleum:
x Oil wells completed
Price at wells (Oklahoma)
Runs to stills
Refinery operating ratio
All oils, supply, demand, and stocks:
New supply, totaled
...mil. bbl.
Production:
Crude petroleum
do
Natural-gas plant liquids
__do
Imports:
Crude and unfinished oils
do
Refined products
do
4
4
522.6
725. 5
658.6
758.7.
Change in stocks, all oils (decrease,—)
do
37.7
26.1
11.3
Demand, total
Exports:
Crude petroleum
Refined products
_
Domestic demand, total 9
Gasoline
Kerosene
do
4 5,332.2
5,497. 2
443.9
do
do
do
do
do
5.0
489.5
5,237.7
2,131.3
96.0
.5
81.2
5,415. 5
2, 213. 2
90.9
.3
8.0
435.6
187.6
6.3
927.2
804.3
4 353. 0
971.3
837.9
366.6
do
49.7
153.5
4 446. 8
Distillate fuel oil
Residual fuel oil
Jet fuel
Liquefied gases
17.6
32.4
29.7
17.8
13.9
435. 9
434.1
435.4
429.2
443. 9
414.5
184.5
3.9
2.
0
7.2
428.7
195,1
4.5
0
5.5
428.6
201.0
4.4
0
6.7
428.7
197.0
4.5
.1
5.7
423.4
183.6
5.9
79.1
66.9
28.7
65.7
60.0
29.4
60.1
59.5
31.2
54.4
59.6
30.5
56.1
55.7
32.0
49.4
158.5
2 456. 8
4.5
10.4
31.3
4.0
14.0
29.2
4.8
19.9
30.1
4.6
19.4
30.4
4.3
21.9
33.5
do
do
do .
do
1, 017. 9 1, 043. 9
276.4
259.6
106.0
106. 8
635.5
677.5
945.7
271.4
105.4
568.8
986.0 1, 003. 5
284.3
279.3
109.5
107.5
594.1
614.7
,036.0
273.2
110.4
652.4
065.7
272.4
107.0
686.3
do
do
do
2, 105. 3
1.4
214.3
170.4
.2
235.0
174.3
.1
226.2
181.4
.1
214.0
192.7
.1
207.2
196.6
.1
208.4
186.1
.3
212.3
188.2
C1)
212.9
.125
.120
.120
.120
.120
.1.18
.118
.118
.248
.254
.268
.264
.266
.244
.257
.251
1.5
.1
4.5
1.5
.1
4.4
1.5
.1
4.2
1.9
.1
4.1
2.1
.2
4.4
1.6
(0
4.4
1.5
.1
4.6
1.1
.1
4.4
1.6
.1
4.7
6.0
21.6
6.5
23.6
7.2
26.4
6.1
28.0
5.6
27.8
7.2
28.2
7.1
26.8
8.9
24.4
8.7
21.3
.127
.127
.127
do
do
• " ~ ~do ~"
Lubricants
do
_ _
Stocks, end of period, total
Crude petroleum
Unfinished oils, natural gasoline, etc
Refined products
Refined petroleum products:
Gasoline (incl. aviation) :
Production..
___
Exports
Stocks, end of period
2, 202. 6
1.6
223.8
Prices (excl. aviation):
Wholesale, ref. (Okla., group 3)
$ per gal.
.119
.120
.110
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gal
.246
.252
.234
Aviation gasoline:
Production
. mn. bbl
19.7
18.5
1.5
Exports
do
1.2
.9
.1
Stocks, end of period
do
5.1
4.4
4.6
Kerosene:
Production
do
95.7
87.5
6.7
Stocks, end of period
do
27.8
24.4
19.5
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal. .
.118
.126
.127
r
Revised.
1
Less than 50 thousand barrels.
2 Reflects revisions not a vailable t y month s.
34 Data for 1970 not available; monthly data for 1971 will be shown 1 ater.
Corresponding monthly revisions will be shown later.
40.2
421.4
-31.3
-30.0
-49.8
-21.8
476.3
525.2
512.5
513.2
520.2
G)
5.9
438.0
188.6
6.8
0
8.1
468.2
184.6
8.5
0
6.6
518.6
189.3
11.3
0
5.2
507.3
173.2
11.8
0
4.7
508.5
166.9
10.7
0
9.0
511.2
200.4
8.8
61.2
62.2
30.3
65.6
59.8
32.2
85.4
77.2
30.5
113.6
87.2
32.3
115.4
87.3
31.6
121.2
92.0
33.1
108.1
83.2
31.2
3.6
19.3
35.0
4.5
17.2
39.4
3.8
12.2
44.2
3.9
6.4
51.8
3.8
5.7
53.7
4.1
6.1
50.4
4.6
7.5
43.5
, 083. 5 , 097. 4 1, 075. 2
269.8
265.9
265. 6
105.9
109.8
110.3
707.8
721.7
699.4
, 043. 9
259.6
106.8
677.5
, 013. 9
251.0
109.2
653.8
964.1
252.9
105. 6
605.5
942.3
258.9
109.8
573.6
196.9
.1
223.8
192.6
.1
244.6
175.2
.1
254.8
184.9
.1
241, 2
.118
.115
.115
.120
.120
.255
.233
.238
.228
.236
1.2
4.6
1.2
.1
4.0
6.8
17.4
7.1
15.7
-22.2
183.1
.1
213.6
t1)
.127
.127
.127
.127
.127
.127
.127
.127
.127
.127
cfln eludes s mall am ounts of "other lydrocar bons an<I hydrog en refin sry inpu t," not
shown separate iy.
9ln<eludes da ta not silown sep arately.
§Incliides non marketalDie cataljrst coke.
SURVEY OF CURRENT BUSINESS
S-36
1971
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
Annual
June 1972
1971
Apr. •
May
June
July
Aug.
1972
Sept.
Oct.
Dec.
Jan.
Feb.
Mar.
.2
214.8
78.4
11.0
.1
190.6
78.8
6.1
.1
160.1
77.0
6.4
.1
122.2
79.6
8.1
.1
101.7
Nov.
Apr.
May
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.
897.1
53.8
.9
195.3
912.1
55.8
2.8
190.6
76.7
3.2
.2
113.7
75.1
2.9
.2
125.8
76.8
3.5
.4
145.8
77.8
3.3
.3
172.4
77.9
2.8
.3
197.0
71.3
3.0
.1
210.1
74.8
'3.7
.1
223. 0
72.2
r5.1
.108
.116
.117
.117
.117
.117
.117
.117
.117
.117
.117
.117
.117
.117
.117
.117
257.5
557.8
19.8
54.0
2.25
274.7
577.5
13.2
59.7
2.37
22.2
47.2
1.7
50.6
2.35
19.0
46.6
1.2
55.4
2.35
20.0
43.5
1.1
58.7
2.35
20.0
45.2
1.0
63.7
2.35
19.2
39.7
1.4
65.9
2.35
19.7
43.5
.9
66.5
2.35
19.7
42.6
.9
68.5
2.35
22.3
47.1
1.2
59.9
2.35
27.6
59.5
.5
59.7
2.35
28.6
58.7
.5
59.4
2.35
27.9
55.8
.5
50.9
2.35
25.7
59.7
1.8
51.6
2.35
2.35
2.35
301.9
27.6
304.7
27.7
25.1
27.3
25.8
28.5
25.3
28.8
24.4
28.8
24.9
27.7
25.0
28.1
26.3
27.2
26.1
27.9
25.8
27.7
24.3
25.9
26.1
25.2
28.1
27.1
66.2
16.1
14.7
65.5
15.8
15.0
5.7
1.5
15.2
5.7
1.4
15.4
5.8
1.0
15.4
5.7
1.4
15.1
5.6
1.6
14.8
5.2
1.3
15.0
5.5
1.1
14.9
5.1
1.3
14.9
5.2
1.2
15.0
5.5
1.4
15.3
4.9
1.0
15.1
5.4
1.5
14.4
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
146.7
15.8
157.0
21.2
12.1
27.7
14.1
28.3
16.3
25.2
17.4
23.8
17.4
20.2
16.2
18.1
15.0
16.5
12.8
17.6
9.8
21.2
8.2
24.1
8.1
26.6
10.0
29.2
Liquefied gases (inch ethane and ethylene):
Production total
mil bbl
At gas processing plants (L.P G )
do
At refineries ( L E G )
do
Stocks (at plants and refineries)
do
525.6
399.6
126.0
67.0
547.9
417.6
130.2
94.7
45.0
34.0
11.0
60.3
45.9
34.9
11.0
72.9
44.5
33.1
11.4
83.9
45.5
34.0
11.5
95.1
47.1
35.3
11.8
104.0
44.4
34.3
10.1
108.1
46.2
35.8
10.4
109.4
45.0
35.1
10.0
103.6
50.0
38.8
11.1
94.7
47.2
36.7
10.5
82.4
45.7
35.3
10.4
71.9
49.0
37.9
11.2
72.7
sphalt and tar products, shipments:
A Asphalt roofing
total
thous souares
Roll roofin01 and cap sheet
do
Shingles all types
do
83,179
34, 756
48, 423
93,365
35, 684
57, 682
6,314
2,354
3,960
8,102
2,676
5,427
8,790
3,091
5,700
8,296
3,042
5,254
8,928
3,348
5,580
9,583
3,767
5,816
9,051
3,500
5,551
7,672
2,986
4,686
6,766
2,772
3,994
(3)
260
334
848
189
374
899
21
35
69
18
34
77
15
32
81
11
39
78
15
35
76
14
32
80
12
36
81
13
33
71
15
29
73
(3)
(3)
(3)
Jet fuel:
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
Asphalt siding
Insulated siding
Saturated felts
do
do
thous. sh. tons—
.270
(3)
(3)
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks, end of period
Waste paper:
Consumption
Stocks, end of period
68, 897
67, 524
5,873
63,661
64, 331
5,371
5,450
5,415
5,258
5,052
5,382
4,891
5,540
5,463
4,982
5,180
5,074
5,195
6,473
5,445
5,134
5,503
5,185
5,460
5,621
5,671
5,423
5,238
5,434
5,207
5,229
5,084
5,371
5,254
5,663
4,909
5,296
5,422
4,819
5,815
5,790
4,797
5,449
5,655
4,578
thous. sh. tons..
do
10, 530
571
10, 265
558
868
618
867
492
877
491
755
516
885
482
883
506
939
499
861
499
828
558
874
522
'901
'498
'974
'506
910
506
WOODPULP
Production:
Total, all grades
thous. sh. tons._
Dissolving and special alpha
do
Sulfate_
do
Sulfite
do
43,663
1,705
29,519
2,294
43,960
1,684
28, 790
2,062
3,699
158
2,416
172
3,712
135
2,436
160
3,679
130
2,427
160
3,450
128
2,282
148
3,805
138
2, 483
174
3,693
127
2,313
161
4,072
145
2,617
191
3,808
140
2,446
173
3,499
138
2,219
159
3,866
149
2,544
162
3,765
140
2,494
164
3,778
151
2,695
189
3,639
147
2,594
181
do
do
do
4,404
2,095
3,646
4,778
2,814
3,832
359
285
308
378
288
315
373
275
314
335
257
300
386
292
331
432
240
322
483
278
358
467
236
346
423
240
320
440
270
302
419
242
306
398
(3)
345
379
Stocks, end of period:
Total, all mills.
Pulp mills.
___
Paper and board mills
Nonpaper mills
do
do
do
do
923
384
470
69
1,093
623
398
71
1,045
558
404
83
985
584
328
73
1,076
611
386
79
1,063
612
380
71
1,073
609
387
77
1,044
582
385
78
1,003
637
288
78
1,154
697
381
76
1,093
623
398
71
1,077 r 1, 026
589
632
'374
379
'63
65
1,003
544
393
67
984
530
380
73
Exports, all grades, total
Dissolving and special alpha
All other.
do
do
do
1
3,755
!869
'2,886
2,175
790
1,385
194
74
120
172
57
115
199
78
121
117
42
75
162
59
103
240
95
145
112
48
161
142
52
89
235
76
159
185
73
112
171
61
110
171
59
113
184
66
119
Imports, all grades, total
Dissolving and special alpha
All other__ _
do
do
do
'3538
1
273
'3,265
3,515
313
3,202
310
21
290
287
32
255
338
31
308
270
30
240
296
28
269
275
22
254
262
27
289
307
15
322
298
25
274
309
15
294
300
30
270
340
24
316
325
26
300
52, 210
22, 975
24, 943
158
4,135
54, 180
23,440
25, 846
156
4.737
4,576
1,987
2,172
16
400
4,513
1, 924
2,177
15
396
4,604
1,967
2,214
15
408
4,218
1,796
2,027
13
382
4,622
1,959
2,233
13
416
4,411
1,883
2,109
11
409
4,897
2,134
2,318
10
435
4,580
1,992
2,182
9
398
4,299
1,900
2,009
9
381
4,769
2,087
2,288
10
384
109.2
101.1
101.2
110.6
102.4
103.0
112.0
103.0
101.7
112.0
102.6
102.7
112.0
102.8
103.2
109.2
102.8
103.6
109.2
102.8
104.3
109.2
102.8
104.5
109.2
102.9
104.6
109.2
102.9
104.7
109.2
102.7
104.6
109.2
102.7
104.7
thous cords (128 cu ft )
do
do
Groundwood
Defibrated or exploded
Soda, semichem., screenings etc
339
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
Wholesale price indexes:
Book paper, A grade
1967=100..
Paperboard
do
Building paper and board
do...
'Revised.
1
Reported annual total; revisions not allocated to the months.
2 Less than 50 thousand barrels.
3 Series discontinued.
' 4, 751 ' 5, 228 4,815
' 2, 230 2,050
r 2, 280 ' 2, 519 2,314
11
'12
'11
439
451
'409
'2,051
109.2
103.5
104.7
109.2
103.6
105.6
108.5
105.6
106.1
108.5
105.8
106.5
June 1972
SUEVEY OF CURRENT BUSINESS
1970
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1971
| 1971
Annual
S-37
Apr.
May
June
July
1972
Aug.
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):
Groundwood paper, uncoated:
Orders new
thous. sh. tons
Orders unfilled, end of period
__do
Shipments
-- -do
Coated paper:
Orders, new
do
Orders unfilled, end of period
_ _ __do
Shipments
do
Book paper, uncoated:
Orders new
- do
Shipments
do
Writing and related papers:
Orders new
do
Shipments
- --do
Unbleached kraft packaging and industrial converting papers:
Orders new
- do __
Orders' unfilled end of period
. ...do
Shipments
do
Tissue paper production
do
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of period
1,245
90
1,240
1,241
81
1,244
104
104
93
102
94
104
114
110
103
109
130
92
98
120
109
99
117
102
117
119
114
99
90
116
102
81
116
113
86
103
105
83
104
108
3,163
183
3,260
3,245
245
3,231
271
256
266
253
229
262
288
261
263
287
302
246
273
299
278
255
285
268
286
286
282
273
277
283
256
245
276
289
249
279
281
238
272
290
287
2,396
2,476
2,665
2,572
230
223
218
226
216
223
212
195
216
221
219
205
231
222
212
213
215
211
'222
'223
'217
'211
258
238
2,869
2,873
2,931
2,936
256
259
252
245
249
251
248
221
264
254
236
246
243
252
213
238
237
235
'250
'251
'254
r 247
284
274
3,714
111
3,755
3,671
3,868
156
' 3, 755
3,765
311
126
310
307
300
121
294
309
336
148
328
321
296
127
280
269
328
152
'303
310
319
169
'314
300
339
170
'326
348
349
171
'336
327
307
156
'327
308
'348
167
'326
'327
310
164
309
315
344
168
333
350
do
_ _ _ _ __do
do__-_
8,607
8,592
236
8,297
8,210
323
670
692
388
665
666
387
638
654
371
643
621
394
678
697
375
692
680
387
786
760
413
758
762
409
698
784
323
725
604
445
663
619
489
685
673
501
723
727
498
735
725
508
__do__ _
do
do
3,310
3,303
33
3,296
3,288
41
270
257
80
285
265
100
277
273
103
252
259
96
279
277
98
254
267
85
289
280
94
285
302
76
257
292
41
289
277
53
278
266
66
290
288
68
283
275
76
303
305
74
Consumption by publishers^
-do
Stocks at and in transit to publishers, end of
period
thous. sh. tons-
7,130
7,057
600
627
569
529
558
580
653
643
629
570
571
642
638
663
749
705
741
672
687
672
699
685
682
704
705
711
699
664
647
617
Imports
_ • _ _ _ _ __
do__ _
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh ton
6,635
6,881
617
570
640
501
547
608
607
610
635
591
504
550
590
150. 50
157.00
158. 10
158. 10
158. 10
158. 10
158. 10
158. 10
158. 10
158. 10
158. 10
159. 70
161. 70
163. 70
163. 70
163. 70
Paperboard (American Paper Institute):
Orders, new (weekly avg.)
thous. sh. tons__
Orders unfilled §
do
Production, total (weekly avg.)
do
349
742
489
474
917
501
523
801
508
527
867
511
509
830
510
497
975
463
531
1,039
516
500
1,000
494
536
1,003
528
532
1,003
517
474
917
461
521
976
504
560
1,010
539
583
1,087
559
574
1,199
552
596
1,280
573
'191,832 ' 16, 001 '14,916 ' 17, 192 '15,470 '16,412 ' 17, 144 ' 17, 280 ' 16, 653 '15,866 14, 749
15, 534
16, 285
15, 938
16, 597
United States:
Production
Shipments from mills
Stocks at mills, end of period
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft surf, area.. '185,864
Folding paper boxes
thous. sh.tons
mil $
2, 490. 0
1, 225. 0
2, 445. 0
1, 250. 0
202.2
102.5
196.0
100.2
209.6
106.6
186. 7
95.2
204. 4
105.9
208.4
109.5
204.9
105.0
216.1
109.5
54.10
124.92
44.68
49.77
126. 36
42.07
50.04
135.06
56.40
208.8
109.5
98
' 204. 1 ' 194. 2 ' 218. 7
105.6 ' 101. 3 ' 113. 5
204.4
105.2
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. Ig. tons
Stocks, end of period _ _
_
do ..
Imports, incl. latex and guayule
do _.
559. 32
102. 60
549. 92
602. 33
135. 06
612. 72
49.74
98.59
42.77
49.68
105. 88
49.77
52.18
104. 93
74.53
43.45
121.96
47.62
Price, wholesale, smoked sheets (N.Y.)__$ per lb_.
.218
.180
.194
.200
.178
.166
.180
.179
.176
.173
.171
2.197.00 2 241. 16
1 917.85 2 079. 01
514. 78
486. 16
184. 12
171.78
491.19
196. 59
171. 72
501. 78
182. 09
181. 97
487. 79
187. 49
149.86
505.30
186. 97
17400
483.90
187. 01
183. 40
468. 25
194. 00
187. 28
462. 10
194.89
17060
480.28
196. 13
176. 19
486. 16
Synthetic rubber:
Production
Consumption
Stocks, end of period
thous. Ig. tons
do
do
Exports (Bu. of Census)
Reclaimed rubber:
Production
Consumption
Stocks, end of period
50.86
53.60
125.61 131. 35
54.25
69.57
55.31 '52 66
128.01 '128.03
51.72
57.89
59.16
132. 86
63.95
47.62
.178
.170
.165
199.99 192. 96
182.77 '187 33
487.44 '478 73
210. 13
201 97
480. 21
26.72
20.02
.180
do
290. 06
269. 82
24.41
25.91
20.78
24.41
29.41
35.01
14.22
9.76
15.51
26.84
do
do
do
200. 56
199. 57
27.58
199. 03
194.84
22.31
17.88
17.19
27.12
16. 64
16.39
26.17
16 64
16.33
25 71
14.78
12.78
26. 31
15.30
16.20
25.44
16.35
16.60
23.51
16.86
17.41
21.85
15 79
14.88
22 50
15.86
15.68
22 31
15 76
16 42
21 00
' 17 02 19 24
17.62
'16 91
21 98
'21 38
thous
190,403
213, 110
17, 752
17, 775
18, 643
15, 739
17, 351
18 889
19, 113
17 134
17,589
19, 074
19, 143 ' 20, 597
19, 009
do
194, 541
do
46, 135
. do_ _ 146, 508
do
1,898
211 217
55, 860
153, 405
1 952
21, 362
4,840
16, 329
19, 012
4,931
13, 889
21 546
4,993
16, 388
16 355
2,649
13, 552
17, 478
4,047
13, 248
20 280
5 138
15 008
18, 503
5,170
13, 248
86
13,814
4,318
9, 315
180
20,317
8,019
14, 130
111
15 091
5 038
9,849
16, 062
5,245
10, 644
133
16 392
4 936
11 345
21,668
5,601
15, 905
53, 121
50, 546
50 189
50, 231
49 245
49, 927
50 824
54,992
59 394
62, 705 ' 63, 255
136
160
60, 918
2 801
3 760
8 872
2 523
3*317
8 477
2 792
3*278
8 242
3 210
3 746
8*003
' 81
3 112
3*639
7 891
2 847
3* 092
2 863
3 035
8 271
3 477
3 532
8 877
3 749
4 041
9 056
3 339
3,507
9,262
.169
16.75
TIRES AND TUBES
Pneumatic casings, automotive:
Production
_
Shipments, total
Original equipment
Replacement equipment
Exports. ._ _ _
Stocks, end of period...
Exports (Bu. of Census)
Inner tubes, automotive:
Production.
Shipments.
Stocks, end of period
__
Exports (Bu. of Census)
__
_
193
do .
do
50, 175
1 531
54 992
1 589
54, 089
do
do
do
do .
35 687
41 005
9 718
1,002
35 562
40* 476
8*271
2 941
3 270
9,683
979
167
124
192
161
2 945
3 275
9,576
72
164
139
' Revised.
» Preliminary.
« Corrected.
of As reported by publishers accounting for about 75 percent of total newsprint consumption.
86
154
103
73
183
113
46
122
108
59
92
s'no
' 79
113
99
203
129
3 390
3 607
8 627
101
173
79
167
74
162
150
82
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end oi the
month; annual data are as of Dec. 31.
SUKVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
1971
Annual
June 1972
May
Apr.
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
35, 954
26, 212
22, 399
23, 910 « 32, 229
651.6
'11.1
140. 0
561.3
507.2
113.9
109.9
Mar.
May
Apr.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
-thous. bbl__ 390,461
419,197
36, 185
37,771
44, ^49
42, 212
45, 136
42,617
43, 069
687.6
17.7
159.0
691.1
15.8
159.9
757.8
13.8
175.6
677.5
'12.9
173.0
741.7
13.3
173.4
733.9
12.4
155.1
720.2
11.9
148 5
34, 612
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick. 6, 496. 0 7,569.7
Structural tile, except facing
thous. sh. tons..
181.0
'157.0
Sewer pipe and fittings, vitrified
do
1, 622. 3 ' 1,720. 6
Facing tile (hollow) , glazed and unglazed
mil. brick equivalent ._
173.0
155.4
Floor and wall tile and accessories, glazed and un250.4
glazed
mil. sq. ft_.
' 276. 1
Price index, brick (common), f.o.b. plant or
N.Y. dock .
1967=100117 4
112 2
r
9.9
9.2
' 545. 4
' 10.3
r
109. 1
727.5
10.0
148.1
14.9
13.2
14.0
12.9
13.9
12.7
13.0
12.2
11.1
9.2
'8.9
10.8
23.2
21.5
25.5
23.2
25.2
'24.3
24.3
23.8
22.2
22.7
'23.6
28.1
117 4
117 4
117 4
118 4
118 4
118 4
118 4
118 4
118 3
121 2
121 4
117.4
122 0
129 1
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
thous. $.. 384, 763
Sheet (window) glass, shipments
Plate and other flat glass, shipments
do
do
466, 473
r
118,957
' 115 284
131, 969
130,205
131, 551
253, 212
150, 344
316, 129
267 411
261 543
21, 770
22 882
23 445
21 754
24 975
21 779
23 321
19,791
18 149
20, 731
21,533 ' 23, 239
21, 888
264 483
253 107
21 230
21 286
24 384
22 289
28 733
21 104
19 761
18 975
20 407
19 160
20,185 '26 081
19 310
do...
do
do
do
24, 806
69 254
52 626
20' 638
24, 238
66 952
53 189
20 036
1,950
5 793
4 882
1 698
1 893
5 869
4*951
1*501
2 047
7 348
5*483
1*721
1 894
6 878
5*336
1*350
3 295
6*976
5*937
2*130
2 626
5 161
4*053
1*669
1 664
4*703
3*624
1*766
1 599
5 080
3 455
1 732
1 566
5 024
3*918
1*757
1,869
4,789
3,433
1,748
2, 150
5,238
3,522
1,664
' 2, 469
' 7, 178
' 4, 923
' 2, 111
1,836
5,119
4,551
1,702
Wide-mouth containers:
Food (incl. packer's tumblers, jelly glasses,
and fruit jars)
thous gross
Dairy products
_
do
58 632
'379
57 208
'305
4 345
' 25
4 443
' 19
5 096
' 20
4 693
7 030
4 999
4 704
' 24
3,799
23
17
5,873
27
4 476
''30
4,668
29
5 219
' 26
4 600
21
Narrow-neck and Wide-mouth containers:
Medicinal and toilet
do
Household and industrial
do
34 252
3 896
27 645
3 634
2 329
2 302
*308
2 348
' 321
1 822
*295
2 907
*429
2 293
*276
2 478
*281
2 324
2 169
2,391
2,547
' 3, 066
'439
1,978
308
30 084
35 369
38 642
39 999
38 220
34 117
34 243
37 285
38 104
35 369
6 128
9,462
6,262
10, 437
1 617
2 622
1 806
2 816
1,565
2,788
do
8 654
10 224
2 509
2 798
2 723
do
do
4 219
!4 305
1 264
1 216
1 101
do
do
408
588
Glass containers:
Production
thous. gross.
Shipments, domestic, total
Narrow -neck containers:
Food
_.
Beverage
Beer
Liquor and wine
do
_
Stocks, end of period
do
r
40,773
78,184
35 589
79 695
38 866
40, 821
91, 148
'41 036
r
89 169
279
245
307
36, 229
379
22
37,593 '34,666
12
313
37, 134
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
._ .
Production
_ _
_
thous sh. tons
do
Calcined, production, total
Gypsum products sold or used, total:
Uncalcined uses
_
Industrial uses
Building uses:
Plasters:
Base-coat
All other (incl. Keene's cement) .
Lath__.
Wallboard
All other
_
mil sq ft
do
do
265
268
381
!634
749
477
8,764
1 11, 176
228
69
67
69
102
140
98
149
88
128
118
126
116
2,741
292
2,996
3,074
85
72
76
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills:
Production total 9
mil linear yd
Cotton
_
do
Manmade
fiber
_
_ ___ do
11, 545
6,395
4,991
11, 117
6,281
4,735
870
490
370
885
499
376
2
1,073
598
2465
657
353
297
2
848 21,062
2598
474
2457
367
892
503
383
882
493
383
21,009
2564
2438
905
504
394
920
508
405
2 1, 141
2632
2501
Stocks , total, end of period 9 &
Cotton
Manmade
fiber
do
do
do
1,471
592
867
1,094
482
604
1,346
571
760
1,288
539
736
1,301
549
740
1,233
507
714
1,208
517
679
1,202
521
668
1,141
507
624
1,095
480
605
1,094
482
604
.1,096
491
596
1,104
496
599
1,073
473
591
Orders, unfilled, total, end of period 9 f
Cotton
Manmade
fiber
do
do
do
2,434
1,525
866
2,717
1,523
1,168
2,711
1,638
1,036
2,768
1,686
1,046
2,703
1,617
1,055
2,701
1,596
1,078
2,599
1,507
1,068
2,425
1,395
1,007
2,393
1,352
1,018
2,552
1,446
1,081
2,717
1,523
1,168
2,884
1,608
1,252
3,070
1, 760
1,282
3,174
1,815
1,330
COTTON
Cotton (excluding llnters):
Production:
'5 10, 229
GinningsA
thous. running bales
10,112 ' 10, 229
4,605
7,916 3 8, 217 49,744
365
880
127
Crop estimate, 480-pound bales, net weight
r» 10, 477
_
thous. bales.. 10,192 ' 10, 477
"""2" 727" """632" """"649"
2808 ""'"620" ""625"
Consumption..
__
do
7,878
8,128 """637" """646" """2" 797" "~~5l5~ """"637" ""2771" """633* """"642"
Stocks in the United States, total, end of period
4,608
' 5, 555
thous. bales.. 11, 900 10, 185 6,955 5,992 4,896 4,252 14,276 13, 165 12, 162 11,247 10,185 9,088 7,642 6,474
4,582
6,448 ' 5, 526
7,614
9,064
Domestic cotton, total
do
11,886
6,940
5,975
4,236 14,261 13,144 12, 146 11,232 10,166
10, 166
4,880
161
377
602
878
1,399
On farms and in transit
do
2,389
7,123
1,482
3,747
400 11, 052 10,403
541
569
2,389
451
2,570
'
3,
253
4,047
5,140
6,315
6,547
Public storage and compresses
do..
6,462
2,206
3,957
9,257
1,488
3,672
1,707
2,700
6,547
4,606
1,851
1,799 ' 1, 896
1,596
1,350
1,230
Consuming establishments..
do
1,023
1,066
1,630
1,147
1,253
1,762
1,502
1,230
1,764
1,730
26
'29
26
28
24
Foreign cotton, total
"do
19
15
21
16
14
17
15
16
15
19
15
^Unfilled orders cover wool apparel (including polyester-wool) finj^d fabricsr, Pr°^tron
'2 Revised.
i Reported annual total; revisions not allocated to the months or quarter.
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, toweling,
Data cover 5 weeks; other months, 4 weeks.
3 Ginnings to Dec. 13. * Ginnings to
a
and blanketing.
,
H,'o^ , 5,Cropfor the year 1971 •
? Includes data not shown separately,
ATotal winnings to end of month indicated, except as noted.
d"Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
c
toweling, and blanketing, and billed and held stocks of denims.
Corrected.
SURVEY OF CURRENT BUSINESS
June 1972
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edit'on of BUSINESS STATISTICS
1970
Annual
S-39
1971
1971
May
Apr.
June
July
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (excluding linters)— Continued
Exports
thous. bales..
2,982
37
3
327
3
307
2
214
1
162
3
310
5
195
0
272
(3)
417
4
337
15
402
16
437
5
275
Q
163
4
121.9
123.6
6
28. 5
«30.6
23.1
23 8
22.9
24 5
23.1
25 1
22.8
25 3
27.0
26 8
27.0
27.3
27.6
27.7
28.7
28 0
29.1
30 1
30.2
32 9
30.3
33.4
27.8
33 8
31.3
35 2
32.3
35 6
mildo
bil_.
do
do
18.6
11.6
113.0
.435
70.4
18.4
11.4
113.8
.438
70.3
18.6
11.5
8.9
445
5.5
18.5
11 5
9.1
456
5.6
18.5
11.5
18.4
11 4
8.9
443
5.5
18.4
11.4
210.8
.433
26.7
18.5
11 4
9.1
456
5.6
18.4
11 4
9.0
450
5.5
18.4
11.4
210.2
.407
26.2
18.3
11 2
9.1
453
5.5
18.2
11 1
9.1
457
5.5
18.3
r 10 9
450
26.9
18.5
11 5
7.2
365
4.5
18.3
11 0
211.3
211.5
460
26.9
9.2
458
5.5
18.3
in Q
9.2
Cotton yarn, price, 36/2, combed, knit....$ per lb__
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
mil. lin. yd-.
1.008
1.061
1.054
1.059
1.066
1.068
1.078
1.082
1.082
1.088
1.096
1.107
1.107
1.115
6,246
' 6, 149
15.4
16.9
15.7
15.7
15.8
20.8
14.4
13.4
12.5
14.3
16.9
16.1
16.3
17.1
17.8
5.5
4.5
5.3
4.9
5.0
6.3
4.7
4.6
4.3
4.2
4.5
4.3
4.2
4.1
4.1
.37
.28
.34
.31
.31
.31
.32
.34
.34
.32
.28
.28
.25
.24
.23
274.3
543.3
312.6
569.5
25.4
48.3
26.3
41 9
23.5
61.3
24.4
48.2
28.1
52.2
36.3
76.2
13.0
27.3
23.7
21.2
45.3
85.7
33.9
75.0
31.6
59.1
37.7
58.5
32.3
69.1
43.57
44.40
43.45
43.68
44.61
44.68
45.56
45. 24
44.76
44.77
44. 88
44.96
45.68
46.33
45.51
47.41
15.8
22.2
15.0
19.8
15 0
20 3
15.5
15.6
16.4
16.4
21.8
16.4
21.8
16.4
22.0
17.5
23.0
17.5
23.2
17 8
24 0
18.0
24.0
18 0
24 0
-«Q q
94. 0
Price (farm), American upland©. .cents per lb._.
Price middling 1", avg. 12 markets© -- -do
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :
Active spindles, last working day, total
Consuming 100 percent cotton
Spindle hours operated, all fibers, total
Average per working day
Consuming 100 percent cotton. _«,
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}:
Exports, raw cotton equiv
Imports, raw cotton equiv.
thous. bales..
do
Mill margins:
Carded yarn cloth average.- ... .cents per lb_.
Prices, wholesale:
Print cloth 38MHnch, 64 x 64 cents per yard
Sheeting, class B, 40-inch, 48 x 44-48
do
5 4, 128
38
467
Exports: Yarns and monofllaments
Staple, tow, and tops
Imports: Yarns and monofilaments.
Staple, tow, and tops
1,405
1,609
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. total
.
mil. Ib
6, 391. 7 ' 6,125. 4
Filament yarn (rayon and acetate)
do
730.8 '752.7
611.7
607.4
Staple, incl. tow (rayon)
_
do
Noncellulosic, except textile glass:
Yarn and monofilaments
do_ __ 1, 793. 4 ' 2,187. 9
Staple, incl, tow
do
1, 792.8 ' 2,104. 9
Textile glass
fiber.
do
467.3 r 468. 2
1.082
' 1, 527
1,500.4
200.2
147.3
1, 574. 3
181.9
154.9
'1,637.4
' 178. 8
168.2
1, 709. 1
179.1
179.0
520.6
520. 1
112.2
580.3
531.0
126.2
'609.2
' 553. 8
' 127. 4
608.9
607.5
134.6
thous. lb_. 148, 843
__._do
152,871
130, 611
181,612
13, 220
18, 688
13,482
15,202
11, 245
16, 589
11,387
15, 728
10,518
18, 236
10, 896
25, 155
5,609
6,967
5,490
7,505
9,186
12, 446
9,851
14,441
9,971
16,080
9,500
20, 279
9,311
13, 177
9,558
17, 506
137,054
140,075
249, 819
175, 306
25,509
20,422
25,815
15,088
24,711
17, 773
19,622
15, 202
19,449
16, 216
23, 982
20, 601
18, 220
15, 702
8,878
4,048
22, 329
9,399
20,302
8,738
15, 508
13,808
20, 387
10, 985
13,172
11, 980
17, 173
13,952
.62
1 01
1.20
.62
1 03
1.22
do
do
75 0
76 0
65.2
40.7
70.8
43.8
70.3
41.4
65.2
40.7
61 5
33 0
288.3
242.6
103 8
'297.6
' 252. 9
'89.7
254.4
235.8
75.4
263.1
246.6
84.1
'297.6
'252.9
'89.7
279.7
267.6
86.2
Prices, manmade fibers, f.o.b. producing plant:
Staple: Polyester, 1.5 denier
$perlb_.
Yarn: Rayon (viscose), 150 denier
do
Acrylic (spun), knitting, 2/20, 3-6D..do
.61
* 93
1.39
.61
.62
1.26
1.28
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total 9-mil. lin. yd-.
Filamentyara (100%) fabrics9do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics
do
Spun yarn (100%) fab., exc. blanketing 9 ..do
Rayon and /or acetate fabrics and blends
do
Polyester blends with cotton
do
Filament and spun yarn fabrics (combinations
and mixtures)
mil lin yd
WOOL
Wool consumption, mill (clean basis) :
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine—
Graded fleece, % blood
Australian, 64s, warp and half-warp
5, 028. 2 ' 4,885. 7
1, 461. 4 ' 1,433. 1
639.7 ' 520. 9
271.4 ' 296. 1
2,871.6 ' 2,773. 9
$ per lb_.
do
do
.62
1.26
:::::::: ::::.:_:
.62
.62
.62
.62
.62
.62
1.25
1.25
1.25
1.24
1.21
1.21
1,237.3
362.6
129.1
80.3
711.1
1,147.8
343.0
125.6
71.5
639.0
1, 275. 2
'388.2
' 130. 8
'73.4
' 701. 7
98.1
515.6
83.3
462.3
'88.7
' 511. 8
r 450 5
108.2
109.3
' 126. 5
472 6
8.4
95
7.6
71
5.0
.610
.640
.795
.610
.621
.780
.605
.593
.805
.615
.525
.839
.625
.525
.890
92.0
91.1
91.1
88.3
89.2
5.3
11.1
6.9
9 7
5.3
11.5
6.3
27.2
10.4
7.0
7 q
4.8
13.8
11.3
80
6.6
17.0
13.4
2 in 7
2
7.5
1.024
.872
.941
.664
.656
.802
.708
.658
.790
.630
.640
.800
.597
.640
.828
.590
.640
.802
.595
.640
.795
101.4
94.4
96.3
95.4
95.0
93.3
93.3
17ft fi
1iq a
A
32 6
22 7
Q 0
.62
1 01
1.18
137 8
2
98
2 7.2
in 7
9.9
74.8
126.6
83.9
.62
1 05
1.18
1, 358. 5
428.4
141.8
87.2
731.1 -----103.7
514.9
77
6.4
I n
.8
11fi 9
9
.62
1 03
1.19
7.0
5. 3
2.9
7
76.6
153.1
73.3
Price (wholesale), suiting, flannel, men's and
100.1
101.3
101. 3
boys', f.o.b. mill
.
1967=100
101.3
2
Revised.
1 Season average.
por 5weeks; other months, 4 weeks.
3 Less than 500
4
Average for 4 months, Sept.-Dec.
» Revised total; revisions not distributed
by months.
0 Season average through Apr. 1972.
©Beginning Aug 1971, prices are on
:::..:..
.62
1.03
1.19
444.8 ' 381. 7
1, 962. 8 ' 1,998. 6
-ICO
do
do...
do
WOOL MANUFACTURES
Knitting yam, worsted, 2/20s-50s/56s, American
system , wholesale price
1967=100
Wool broadwoven goods, exc. felts:
r
5.5
1.121
1,521
Stocks, producers', end of period:
Filament yarn (rayon and acetate) „
mil. Ib
Staple, incl. tow (rayon) __
_
do
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
do
Staple, incl. tow
_do
Textile glass
fiber
do
Carpet class
Wool imports, clean yield..
Duty-free (carpet class)
&ff>
10.4 ' 2 14. 6
7.2 '27.6
7 2
10 5
5.4
9.0
11.7
6.1
.640
.550
1.030
.708
.577
1. 001
'.944
.696
1.095
1.130
.895
1.133
89.2
90.2
92.6
105.0
8.1
21.3
480-lb. net-weight bale basis (for earlier months, on 500-lb. gross-weight bale basis); to compute
comparable prices for earlier months' multiply farm price by 1.04167 and market price by
1 0438
t Revisions for 1967-70 are available.
9 Includes data not shown separately.
SUEVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated in footnotes below, data
through 1970 and descriptive notes are as shown
in the 1971 edition of BUSINESS STATISTICS
1970
1971
Annual
June 1972
1971
Apr.
May
July
June
Aug.
1972
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
TEXTILE PRODUCTS—Continued
APPAREL
Hosiery, shipments
thous. doz. pairs.. 231,795 '210 872 r16 500 r!6 904 r 20 986 r!8 536 r!8 698 ••18 810 r20 058 r 16, 790 ' 14, 834 15, 172
Men's apparel, cuttings::}:
Tailored garments:
Suits
_
thous. units __ 17, 694
13 430 1 317 1 264 1 067
672
1 188 1 135 1,120 1,063 1,029 1, 208
11,750
1,232 1,076 1,067 1,088
Coats (separate), dress and sport
do..
11 503
959
1 023 1*086
974
996
656
Trousers (separate) , dress and sport
do
173, 599 179, 732 16, 188 15, 186 15,209 13, 463 15,080 14,' 721 14, 696 15, 087 13, 430 15, 503
Shirts (woven), dress and sport
thous. doz... 20, 792
1,824 1, 722 1,603 1,770
19, 741 1,776
1,628 1,785 1,274 1 618 1,772
Women's, misses', juniors' apparel, cuttings^
1,344
21, 769 17 033 1 140 1 145 1 518 1 475 1 606 1 661 1,795 1,717 1,289
Coats
.thous. units
251, 540 240, 268 24 128 19 534 20 739 17 737 19* 405 19^ 784 20, 841 19, 323 16, 327 18, 386
1,106
786
13, 250 12 590
981
Blouses and shirts
thous. doz
1 205 1 056 1 045
988 1 031 1 112
951
421
402
509
6,927
Skirts
do
5 494
*535
587
404
481
389
539
464
15, 932 19, 325 18 594
1,171 1,320
1,198 1,279
14, 889 17,476
1,797
1,713
1,245 1,128
23,872 23, 686
1,196 1 266
592
594
TRANSPORTATION EQUIPMENT
-
AEROSPACE VEHICLES
21, 161 r 21, 760
Orders, new (net), qtrly. total
---.
..mil. $
U.S. Government
do_ . 15, 116 rr 14, 758
Prime contract
do
19, 214
19, 010
Sales (net), receipts, or billings, qtrly. total .-do
24, 752 r 21, 640
U.S. Government
.do
»•
14,
064
16, 407
Backlog of orders, end of period 9
..do
24, 705
U.S. Government
do
12, 882
Aircraft (complete) and parts
_.do
13, 264
Engines (aircraft) and parts
do
2 449
Missiles, space vehicle systems, engines, propulsion units, and parts
mil. $_..
4,522
Other related operations (conversions, modifications), products, services
mil. $__ 2,791
Aircraft (complete):
Shipments
Airframe weight
.
Exports, commercial...
.
do
. thous. fb
,
mil. $
r
r
r
23, 935
13, 347
11, 603
' 2, 270
r
4, 729
'3,008
O4Q Q
3 605 0 3 297 6
48 818
59 436
4 414
1 527 2 1 906 8 OfVT «
4 153
2 677
3 640
6 154
4 024
6 671
4 948
6,062
4,816
3,266
'r 5, 765
3, 667
r
4, 883
' 5, 246
«• 3, 295
4,568
3,820
5,038
4,773
2,895
22 468
11 5S1
11 419
2 185
24, 028
13, 109
12, 315
2,343
23,935
13,347
11,603
r 2, 270
23, 952
13,661
11,399
2,273
3 971
4,509
r 4, 729
4,729
2 658
2,777
'3,008
2,907
4.18 ft
one n
1 KA Q
fS QfiQ
4
2 9QQ
253 6
JQ-I
-I/IK n
72 8
119 1
2 125
108 4
195 0
2 847
122 8
211 1
3 480
126 3
388 0
3 822
112.4
430 5
4 687
195 9
358 1
3,303
144.8
480.9 ••633 5
3,781 6,188
142.7 298.1
433.0
3,285
131.7
954.3 1,038.3
910. 0 983.4
748.3 806.5
716.1 765.2
206.1 231.8
193.9
218.3
993.9 21,088.3
939.7
779.1 2 847. 5
736.9
214.8 2204.7
202.8
189.4
MOTOR VEHICLES
Factory sales (from plants in U.S.), total
thous. .
Domestic
do
Passenger cars, total
do -.
Domestic .
_
.do
Trucks and buses, total
_ ...do
Domestic
do
8,239.3
7 753 0
6 546 8
6 187 3
l' 692 4
1*565 7
0,637.7
0 036 0
8 584 6
8 121 7
2, 053. 1
1 914 3
Retail sales, new passenger cars :
Total, not seasonally adjusted
thous. . 8,405
10, 252
Domestics A
...
do
8 681
7 119
ImportsA
-do
1 285 1 570
Total, seasonally adjusted at annual rates. .-mil..
DomesticsA
do
ImportsA
do
Retail inventories, new cars (domestics), end of
period: A
Not seasonally adjusted
_.thous..
Seasonally adjusted _.
. ..do .
Inventory-sales ratio, new cars (domestics) A
1,447
1,590
1,220
1 294
921.6
930.8
ORQ A
Qf»7
750 4
703 6
171 2
767 3
716*7
163 4o
I'M 4-
885
737
148
10 0
83
17
Q
m
,008.2
608.6
K77 o
QAQ
7fi1
IQQ
184.
490 5
468 9
118 1
ifia 3
639.9
602 1
484 8
457 6
155 1
144 5
951.1
892 3
757 8
712 0
193 3
180 2
988.3
943 1
793 5
758 6
194 8
184 5
963.3
917 0
773 5
736 6
189.8
180 4
786.1
745 0
623 4
593 2
162 7
151 8
889.1
847.2
698. 0
666.0
191.1
181.2
817
668
149
98
81
17
725
566
160
10.1
83
1.9
884
756
129
12.2
10.8
1.5
1,051
934
117
11 3
10 0
14
962
848
114
10.9
9.4
1.5
741
649
92
9.3
8.0
1.3
721
610
111
10.3
8.8
1.5
813
698
115
10.4
8.9
1.5
913
772
141
10.3
8.7
1.6
899
774
125
10.6
9.1
1.6
1,030
888
143
11.0
9.5
1.5
1,582 1,569
1 580 1 681
1,591
1 691
1,446
1,481
1 660 1, 595
1,447
1,590
1,688
1,521
1,684
1,566
1,741
1,578
1,782
1,628
1,781
1,606
890
ft
956
74.0
7QQ
142
98
82
16
1,707
1, 753
1 557 1 579
8
Q
A
•I CO
98
Q
I
17
1,799
1 fiflQ
2.2
2.3
24
2.3
2.4
1.9
2.0
2.0
2.4
2.1
2.1
2.2
2.2
2.0
386.64
348 40
100.04
35.12
31 58
9.42
48.62
46 07
9.34
40.75
38 47
9.34
21.27
19 48
6.96
19.97
18 74
6.67
37.95
32.86
9.98
29.73
27 02
7.71
32.04
29.39
7.53
26.62
22.44
8.50
25.11
22.13
7.37
28.22
25.00
9.99
34.66
31.59
10.16
36.74
33.89
9.81
41.34
38. 76
11.00
do
2,013.42 2,587.48
do
692 78
802 28
do"\-- i 115. 82 160. 87
number.. 105, 709 103, 784
65,785
71, 274
Trailer bodies and chassis (detachable), sold
separately
number
18 609
26 138
222. 70
69 01
10.38
8,347
4,897
230.00
77 64
10.38
7,467
4,415
242. 53
84 73
12.07
8,672
5,244
183.42
37 34
8.83
8,505
205.45
49 64
7.83
8,469
227.04
67 53
13.32
9,620
Exports (Bureau of the Census):
Passenger cars (new) , assembled. . _
To Canada
Trucks and buses (new), assembled
Imports (Bureau of the Census):
Passenger cars (new), complete units
From Canada, total
Trucks and buses, complete units
Truck trailers (complete), shipments
ratio.thous. . 285. 04
do . 245 62
do
93.87
Registrations (new vehicles):©
Imports, incl. domestically sponsored
Tracks
do
do
9,729.1 3 833. 5 4 838. 7
5 8,388.2
« 1,231.0 1*1,465.7 3 127.8 4 129.7
i 5i 790 2 1 4 1 981 3 3168 4 4 171 5
4
897. 0
4
142.1
4
2 576
1 723
1 192 1 240 1 199
4
4
806. 0
134.3
178 1 177 6
4
780. 6
145.4
166. 7
4
4
4
70
194. 65 215. 30 229.09 215. 64 226. 78 258.77 216. 15 258.
72 35 77.81 67.78 59.30 75.75 81.44 82.59 83.25
25.14
19.29
«
21.
95
21.73
20.14
25.66
21.
33
16.18
10, 598 9,652 10, 721 9,947 11,309 ' 13,078 12, 141
R QKQ
7 91 E
ft 4.00
7 260 7 039 7 770 r 9 035 8,100
1 844 1 483 1 833 1, 878 2,147 2,207 r 2, 835 2,763
4
4
4
128. 6
153. 9
4
4
4
922. 3
115. 9
183. 4
4 8BK. A
4
4
103. 7
193. 9
4
4
98. 2
206. 8
4 ftSK 1
4
4
91. 4
165. 0
4 4680 0 44 828 1 44 817 2
97.1 122. 5 4 117. 0
4
165. 7 4 203. 1 201. 9
RAILROAD EQUIPMENT
Freight cars (all railroads and private car lines):
Shipments
number
E quipment manufacturers
_
do
New orders.. .
do
Equipment manufacturers
do
Unfilled orders, end of period
do
Equipment manufacturers
__do
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. tonsAverage per car
tons.
i eg 185
152,411
i 50 293
i 42, 530
27 652
22,320
i 55 307
i 47, 990
i 52 482
i 46, 913
22 221
18,753
5 497
4,431
4 107
3,782
23 563
19, 059
5 252
4,381
6 670
6,570
24 944
21,227
1,423
5.7
1,422
56
1,431
56
1,431
55
95.64
67.19
97.14
68.29
96.70
67.55
96.82
67.66
5 401 3 305
2,696
4,205
8 521 3,807
6,321 5,652
27 977 28, 547
23,256 24,280
3,329
2,852
1,211
1,211
26, 429
22,639
4,701
4,144
1,534
1,534
23, 113
19,880
1,431
5.5
1, 430
5.4
1,428
5.7
1,427
5.7
96.95
67.76
96.96
67.82
96.92
67.91
97.00
67.98
r
2
Revised.
»Annual total includes revisions not4 distributed by months.
Estimate
of production.
3 Omits data for three States.
Omits data for two States.
« Omits
data for one State.
eEffective Feb. 1972, imports include trucks valued less than $1,000 each.
JMonthly revisions (1970) appear in Census report, Apparel Survey, 1970, MA-23A(70)-1.
9 Total includes backlog for nonrelated products and services and basic research.
4,865 4,159
4,569 4,046
7,473 3,518
6,873 3,418
25, 863 25, 213
22, 426 21, 789
4,807
4,551
3,933
3,633
22, 221
18,753
1,426
5.6
1,426
5.7
1,422
5.6
97.15
68.13
97.22
68.19
97.14
68.29
4,731
3,567 4,580 4,417
4,211
3,965 3,327 4,351 4,135 3,183
2,712
3,662
3,780 2,125
2,320 2,025 3,462 2,062 15,344
21, 865 19,490 18, 592 16,847 U
nco
17, 183 14, 948 14, 079 11, 966
1,422 1 4.4.1 1 4-^Q 1 433
5.8
5.7
5.8
97.33
68.44
Q8 89
Q8 89
68. 56
68.68
98 56
68.78
ADomestics include U.S.-type cars produced in the United States and Canada; imports
cover foreign-type cars and captive imports, and exclude domestics produced in Canada.
©Courtesy of R. L. Polk & Co.; republication prohibited.
§Excludes railroad-owned private refrigerator cars and private line cars.
TO
SECTIONS
General:
Business indicators.
.
1-7
Commodity prices...».,
,.,.............
7-9
Construction and real estate*
9,10
Domestic trade...
, , . . , > , - . . . . . - ' , . . . . . . . . . . 11,12
Labor force, employment, and earnings.......
Finance.,
.......
*
.
Foreign trade of the United States, , . » . , . . . , , .
Transportation and communications..........
13-16
16-21
21-23
23,24
Industry:
Chemicals and allied products.'...-..:
Electric power and gas,
Food and kindred products; tobacco..,
Leather and products,«
Lumber and products.
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products.
Rubber and rubber products.
Stone, clay, and glass products.
Textile products,
Transportation equipment
24,25
25,26
26-30
,,
30
,
31
31-34
34-36
36,37
.
,
37
38
. . 38-40
40
INDIVIDUAL SERIES
Advertising
11,16
Aerospace vehicles
,
4,40
Agricultural loans
16
Air carrier operations.
23
Air conditioners (room)
,
34
Aircraft and parts. . . . .
6,7,40
Alcohol, denatured and ethyl
,
25
Alcoholic beverages
11,26
Aluminum
,
,
33
Apparel,
1,3,4,8,9,11-15,40
Asphalt and tar products.
35,36
Automobiles, e t c . , . , . . . 1,3-6,8,9,11,12,19,22,23,40
Balance of international payments.
»».
2,3
Banking.
,
. . . . . . . . 16,17
Barley
27
Battery shipments.
34
Beef and veal,
28
Beverages
8,11,22,23.26
Blast furnaces, steel works, etc.
5-7
Bonds, outstanding, issued, prices, sales, yields.... 19,20
Brass and bronze.
33
Brick;
.,.
38
Building and construction materials
4-7,
9,10,31,36,38
Building costs.
,...,..,.
10
Building permits.
10
Business incorporations (new), failures
.
7
Business sales and inventories.,
5
Butter,
,
26
Cattle and calves
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
34
Combustion, atmosphere, heating equipment.....
Communication. . . , . . . , . . . . . . , , , . . . . . , . , . . . . 2 ,20,24
Confectionery, sales.
29
Construction:
Contracts..,.,.
10
Costs.
,,.,
,..*.,
llll'
10
Employment, unemployment, hours, earnings.. 13-15
Fixed investment, structures. . . . . . » , , . . , , . . , ,
1
Highways and roads.
9,10
Housing starts.• » « » ' « ~ . . . « " , , , , » 1 . . . . . . . . . . . . .
10
Materials output indexes
10
New construction put in place
9
Consumer credit. . . - . . . . , . . . . , .
. . » , . . . . 1 1 17,18
Consumer expenditures. » « » . » . . , . . . » . » » » . . ' . . , , »
1
Consumer goods output, i n d e x . . . . . .
;
3,4
Consumer price index
......... .
8
Copper..
,
'.,,.......".
33
Corn
.
27
Cost of living (see Consumer price index)........
8
Cotton, raw and manufactures
7,9,22, 38,39
Cottonseed cake and meal and oil
30
Credit, short* and intermediate-term
17,18
Crops..
. . . . . . / . . . I 3,7,27, 30,38
Crude oil.
4,35
Currency in c i r c u l a t i o n . . . . . , . , . , . . . . . , , . , , . . ' . " ,
19
Dairy products.
,.
..
3 7 « 26,27
Debits, bank.
*
,
,_
15
Debt, U.S* Government.
..!*.**..
18
Department stores*
ll t 12
Deposits, bank.
. " . ' . . . . ! ' ! ! *16,17,19
Dishwashers.......
..
34
Disputes, industrial.
.
.
.
16
Distilled spirits....,,,_
...........
I'
26
Dividend payments, rates, and yields....'. I ^2,3,19-21
Drug stores, sales.....
.
. . . . . . . . I ' , . , . . . 11,12
Earnings, weekly and hourly
15
Eating and drinking places.
11,12
Eggs and p o u l t r y . . , . , , . . , , . . . . , . . . . . , . , 3,7,8,28,29
Electric power
4,8,25,26
Electrical machinery and equipment.
4-7,
9,13-15,19,22,23,34
Electronic components
.......
34
Employment estimates.
» 13,14
Expenditures, U.S. Government.
18
Explosives.
25
Exports (see also individual commodities).... 1,2,21-23
Failures, industrial and commercial.
7
Farm income, marketings, and prices.
2,3,7,8
Farm wages.
..
.
,
15
Fats and oils
... 8,22,23,29,30
Federal Government
finance.
18
Federal Reserve banks, condition of.
16
Federal Reserve member banks.
17
Fertilizers..»..,.,
v....
8,25
Fire losses.
„
10
Fish oils and
fish.
,
,
29
Flooring, hardwood
31
Flour, wheat
.
28
Food products.
1,4-8,11-15,19,22,23,26-30
Foreclosures, real estate.
10
Foreign trade (see also individual commod.)..... 21-23
Foundry equipment.
34
Freight ears (equipment)
.
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, sates, 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 p r o d u c t s . . . . . . . . . . . . . . . . . . . . . . . . . 9,38
Hardware stores...,
11
Heating equipment.
. . . 9,34
Hides and skins.
. 9.30
Highways and roads
9t 10
Hogs...
28
Home electronic equipment,
.......
8
Home Loan banks, outstanding advances........
10
Home mortgages.
10
Hosiery
,
40
Hotels, and motor-hotels........................
24
Hours, average weekly..
^...........
14
HousefurnisUngs
. . . . . . 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)... 1,2,22,23
Income, personal...,
2,3
Income and employment tax receipts.
18
Industrial production indexes:
By industry... *
............
3,4
By market grouping.
3,4
Installment credit.
12,17,18
Instruments and related products......
4-6,13-15
Insurance, life..
, 18,19
Interest and money rates 1
17
Inventories, manufacturers and trade....... 5,6,11,12
Inventory-sales ratios.
.......
5
Iron and steel.
4-7,9,10,19,22,23,31,32
Labor advertising index, stoppages, turnover
.
16
Labor force.
13
Lamb and mutton..
28
Lard
28
Lead.,
33
Leather and products,
4,9,13-15,30
Life insurance,
18,19
Linseed oil
30
Livestock
,
3,7,8,28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit).
10,16,17,18,20
Lubricants
35,36
Lumber and products.
4,9,10-15,19,31
Machine tools.
»
.. •„
34
Machinery.
4-7,9,13-15,19,22,23,34
Mail order houses, sales
.,,....;
11
Man-hours, aggregate, and indexes
14,15
Manmade fibers and manufactures..,,
9,39
Manufacturers* sales (or shipments), inventories,
orders.
5-7
Manufacturing employment, unemployment, production workers, hours, man-hours, earnings... 13-15
Manufacturing production indexes
3,4
Margarine
.»,,».....
29
Meat animals and meats.
3,7,8,22,23,28
Medical and personal care
..
8
Metals
4-7,9,19,22,23,31-33
Milk
-....;
27
Mining and minefcals.
2-4,9,13-15,19
Monetary statistics
,
.
19
Money supply.
19
Mortgage applications, loans, rates
10,16,17,18
Motor carriers
23,24
Motor vehicles
1,4-6,8,9,11,19,22,23,40
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 metals
. . , . , . . , . . . 4t 9,19,22,23,33
Noninstallment credit,
'..,;•.,„,.,..,,..'.,...
18
Oats....»
...
27
Oils and fats
,
8,22,2?, 29,30
Orders, new and unfilled, manufactures*.........
6,7
Ordnance.
13-15
Paint and paint m a t e r i a l s , . . , . » , . . . . « « , , . . . . . . » 8,25
Paper and products and p u l p . » . . . , . . , . . , .
4-6,
9,13-15,19,23,36,37
Parity ratio
7
Passenger c a r s . . . . . . . . . . . . . . 1,3-6,8,0,11,12, IS,22,23,40
Passports issued.,
,.......,,.
24
Personal consumption expenditures.
1
Personal income. * . . . . . . . . . , . . . . . ,
2,3
Personal o u t l a y s . . . , . . . . . , . . . . , . . . , , . . . . , . . . . ,
2
Petroleum and products.....
4-6,
8,11-15,19,22,2 3,35,36
Pifiron
.. 31,32
Plant and equipment expenditures,
2
Plastics and resin materials
25
Population
13
Pork
28
Poultry and e g g s , . , . . . . , . . . . , , . . . , . . . . . 3,7,8,28,29
Prices (see also individual commodities).........
7-9
Printing and publishing
..,,..
4,13*45
Private sector employment, hours, earnings
13-15
Profits, corporate
2,19
Public u t i l i t i e s . . . . . . . . . . . . . . . . ? . . 2-4,9,19-21,25,26
Pulp and pulpwood.,,
36
Purchasing power of the dollar.
9
Radio and television.
.
4,11,34
Railroads
2,15,16,20,21,24,40
Ranges...
34
Rayon and acetate.
39
Real estate
10,17,18
Receipts, ILS. Government.
18
Recreation
..............
8
Refrigerators
34
Registration (new vehicles)......
40
Rent (housing).
8
Retail trade.
5,7* 11-15,17
Rice
27
Roofing and siding, asphalt,
36
Rubber and products (incL plastics).
* . , . ; . . 4-6,
9,13-15,23,37
Saving, personal
.,...».,.,..,.,,',.,,......
2
Savings d e p o s i t s , . . , . . . . . . » , . , . . . . . . . , . . » . . » . .
17
Securities issued.
19,20
Security markets
. . . . 20,21
Services.
,
. . . . . 1,8,13-15
Sheep and lambs.
,.
..
28
Shoes and other footwear.
9,11,12,30
Silver.
.........
19
Soybean cake and meal and oil,
............
30
Spindle activity, cotton
39
Steel (raw) and steel manufactures . . . . . . . 22,23,31,32
Steel scrap
...;....
31
Stock market customer
financing................
20
Stock prices, earnings, sales, etc.
20,21
Stone, clay, glass products,........ 4-6,9,13-15,19,38
Sugar.,
23,29
Sulfur.,
25
Sulfuric acid
24
Superphosphate.
.....
25
Tea imports..,,
....«...,».,,....,.
29
Telephone and telegraph carriers . . . . . . .
24
Television and radio,
4,11,34
Textiles and products
4-6,9,13-15,19, 22,23, 38-40
Tin,
33
Tires and inner tubes..,.
. . . . . . . . . . . . 9,11,12,37
Tobacco and manufactures
4-7,9,11,13-15,30
Tractors
.
34
Trade (retail and wholesale)
5,11,12
Transit lines, local,
23
Transportation.
1,2,8,13,23,24
Transportation equipment.....
., 4-7,13-15,19,40
Travel
23,24
Truck trailers.
i
^ .....
40
Trucks (industrial and o t h e r ) . . . . . . . . . . . . . . . . . . 34,40
Unemployment and i n s u r a n c e . . . . . . . . . . . . . . . . . . 13,16
ILS. Government bonds.
16-18,20
U*S. Government
finance
,
—-.»
IS
Utilities.
2-4,9,19-21,25,26
Vacuum cleaners.
Variety stores.
Vegetable oils.
Vegetables and fruits.
Veterans* benefits.
34
11, J2
23,29,30
7»B
...
16
Wages and salaries.
2,3^ 15
Washers and dryers
..,»....,..,........
34
Water heaters.
34
Wheat and wheat
flour.
27,2g
Wholesale price indexes.
8,9
Wholesale trade,
5,7,11,13-15
Wood pulp
JjJ
Wool and wool manufactures.
9,39
Zinc.
33
UNITED STATES
ENTS D E P A R T M E N T
WASHINGTON, D.C. 2O4O2
OFFICIAL BUSINESS
Volume 52
Nutnbei -sl-6
1972 CONTENTS— SiE7JR1VE\
DOMESTIC ECONOMY
Page
1
1
1
1
1
1
1
1
1
1
1
1
1
3
5
14
16
17
19
21
22
24
25
26
27
29
1
2
2
2
2
2
3
3
34
1
3
3
4
14
3
4
3
14
3
16
3
First Quarter Developments
4
4
Recent Developments in Labor Markets
4
Input-Output Transactions: 1966
4
National Accounts in the First Quarter .... Pt. 1—5
Construction Outlavs
Pt 1—5
1—5
21
1
5
8
8
2
3
5
'Tt'L
TT O
Ul^»J-»--«j^»v»-, .!„
1O71
Income and Consumption
Housing
Fixed Capital Investment
Export and Im^port Demand .............
Federal Government
State and Local Governments •
Labor Force and Employment
Profits and Costs
Alternative Estimates of Corporate Depreciation and Profits, 1965-70
National Accounts in the Fourth Quarter ....
Employment and Income in January
Industrial Production
Federal Fiscal Programs
Commercial Paoer
Manufacturers' Inventory and
Sales Ex-
Tk«*tfvf'£i1"i«-k'nB ' ITivcf" TTal-p 1 QT9
Investment Programs and Sales Expectations for 1971
Nonfinancial Corporations: New Measures of
OF CURRENT
BUSINESS
DOMESTIC ECONOMY—Con.
No.
1
Outlook for 1972. . . .
National Income and Product Accounts
Revised
Business Capital Outlay Expectations, 1972 . . .
7
2
Hourly Earnings Indexes. • . ... •
The Measurement of Productivity
Capital Investment.
The Housing Market
.
Federal Budget Revisions
1972 Plant and Equipment Expenditure Programs . . •
Public and Private Debt
Page
6
1
2
4
5
7
6
6
6
16
20
6
6
INTERNATIONAL TRANSACTIONs
Export and Import Demand (in 1971)
Military Transactions in the U.S. Balance of
No.
1
Page
24
22
Plant and Equipment Expenditures by
Foreign Affiliates ot U.S. CorporationsRevised Estimates for 1971 and 1972
Balance of Payments Developments: Fourth
Quarter and Year 1971
3
29
3
Balance of Payments Developments, First
Quarter 1972.
34
16
6
21
No.
Page
REGIONAL ECONOMICS
Recent Developments in Regional and State
4
31
17
Pt. I—5
22
27
Total and Per Capita Personal Income, 1971 . .
State Projections of Income, Employment,
Metropolitan Area Income in 1970
LATEST SUPPLEMENT—Business Statistics 1971 Biennial Edition (C56.109/2): Price $3.00
\
No.
Pt !•—>™5
Pt. II—5
Orders may be placed with the Superintendent of Documents, U.S. Government Printing
Office, Washington, D.C. 20402, or the nearest U.S. Department of Commerce Field Office.
Check or money order should be sent with orders.
\
@FedFRASER