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JUNE 1979 / VOLUME 59 NUMBER
SURVEY OF CURRENT BUSINESS
U N I T E D S T A T E S D E P A R T M E N T OF C O M M E R C E / BUREAU OF ECONOMIC ANALYSIS
JUNE 1979 / VOLUME 59 NUMBER
SURVEY OF CURRENT BUSINESS
CONTENTS
THE BUSINESS SITUATION
1
National Income and Product Tables
6
U.S. Department of Commerce
Plant and Equipment Expenditures,
the Four Quarters of 1979
15
Juanita M. Kreps
Abatement, 1977, 1978, and Planned 1979
20
Courtenay M. Slater / Chief Economist
for the Department of Commerce
International Travel and Passenger Fares, 1978
23
Capital Expenditures by Business for Pollution
/
Secretary
Bureau of Economic Analysis
U.S. International Transactions,
First Quarter 1979
Subject Guide
27
67
George Jaszi / Director
Allan H. Young / Deputy,Director
Carol S. Carson / Editor-in-Chief,
Survey of Current Business
Manuscript Editor: Dannelet A. Grosvenor
Graphics Editor: Billy Jo Hurley
Staff Contributors to This Issue: Joan E. Bolyard,
Douglas R. Fox, Jorge C. Lamas, Betsy D. O'Connor,
Virginia K. Olin, Kenneth A. Petrick, Gary L. Rutledge, Edward I. Steinberg, John T. Woodward.
SURVEY OF CURRENT BUSINESS. Published monthly by
CURRENT BUSINESS STATISTICS
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the BUSINESS SITUATION
CHART 1
Personal Income and Consumption:
Change From Preceding Quarter
Billion $
80
PERSONAL INCOME
60 -
n
Total
n\
40 --
-ir
20 -
i- i '• H p.si 1f1 1
",
,* ":' ';>.
y jMil
'
*;
.
. i.JL'. .. X i
'{'•'It
:'
1
Wage and Salary
* projected
Disbursements
-20
80
DISPOSABLE PERSONAL INCOME
60
Current $<
\
40
n
20
Constant \
-20
Disposition of personal income
40
PERSONAL CONSUMPTION EXPENDITURES
Constant $
20
-20
1976
1977
1978
1979
Based on Seasonally Adjusted Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
JLJASED on data for April and May,
personal income expressed at an annual
rate increased about $40% billion in the
second quarter, compared with $47
billion in the first (table 1). Personal
income is measured after deduction of
personal contributions for social insurance. Reflecting increases in the
social security tax rate and wage base
effective January 1, these contributions increased much more in the first
quarter than in the second. Income
before deduction of these contributions
decelerated about $12% billion, indicating that economic activity, which
had weakened in the first quarter,
weakened again in the second.
The deceleration was in wages and
salaries, which at an annual rate increased $23 billion, compared with $36
billion in the first quarter. Work
stoppages had no measurable effect on
wages and salaries for the quarter as a
whole. Of the industry groups shown in
table 1, only the "other commodityproducing" group increased more in
the second quarter than in the first. A
recovery in construction payrolls, which
in the first quarter had been depressed
by the unfavorable weather, accounted
for that improvement. Manufacturing
payrolls increased only $4 billion in the
second quarter, compared with $13
billion in the first.
Disposable personal income at an
annual rate decelerated much more than
personal income. It increased $49%
billion, or 13% percent (annual rate), in
the first quarter, but only $29 billion,
or 7% percent, in the second. The larger
deceleration in disposable income was
due to personal taxes, which are deducted from personal income in deriving disposable income. These taxes
increased in the second quarter after
declining in the first, when legislative
changes held down Federal as well as
State and local taxes. Prices paid by
consumers increased at about the 10%
percent registered in the first quarter,
and real disposable personal income declined (chart 1). This was the first decline since 1975.
The second-quarter increase in consumer prices reflected an acceleration in
energy and a deceleration in food; the
average of all other consumer prices
continued to increase at about a 7% percent annual rate.1 Chart 2 shows
monthly changes in these prices in terms
of fixedweighted price indexes for personal consumption expenditures (PCE).
For energy, which includes gasoline, fuel
oil, natural gas, and electricity, prices
accelerated sharply through April. Gasoline and fuel oil were the major factors.
Some slowing from the April rate of increase is expected for May and June.
For food, after increases of over 20 percent in January and February, partly
due to the effects of unfavorable
weather and labor difficulties on fruit
and vegetable prices, prices decelerated
through April to about 5 percent. Prices
1. The major source data that shed light on second-quarter
production as reflected in the national income and product
accounts are limited to 1 or 2 months of the quarter, and in
some cases are preliminary. These data are: For personal consumption expenditures (PCE), April and May retail sales,
unit sales of autos through the first 10 days of June, and sales
of trucks for April and May; for nonresidential fixed investment,
the same data for autos and trucks as for PCE, April construction put in place, April manufacturers' shipments of
equipment, and business investment plans for the quarter;
for residential investment, April construction put in place,
and April and May housing starts; for change in business inventories, April book values for manufacturing and trade, and
unit auto inventories for April and May; for net exports of
goods and services, April merchandise trade; for government
purchases of goods and services, Federal unified budget outlays for April, State and local construction put in place for
April, and State and local employment for April and May;
and for prices, the Consumer Price Index for April, the
Producer Price Index for April and May, and unit value
indexes for exports and imports for April.
June 1979
SURVEY OF CURRENT BUSINESS
of poultry and pork provided partial
offsets to continued sharp increases in
beef prices. Poultry prices increased
less than earlier in the year and pork
prices declined, as increased supplies
reached the market. For the quarter as
a whole, energy prices increased 40-50
percent, compared with about 20 percent in the first quarter. In contrast,
food prices increased only about onehalf as much as the 18 percent registered in the first quarter.
Real PCE declined 3-4 percent at
an annual rate in the second quarter
after little change in the first. About
three-quarters of the decline was due to
motor vehicles—both autos and trucks.
Most other categories of goods showed
continued weakness. A particularly
sharp decline in gasoline purchases can
be traced to shortages and the increase
in prices. Services increased less than
in the first quarter; first-quarter expenditures for home heating had been unusually large because of the unfavorable
weather.
Motor vehicles.—New car sales, which
are sales not only to consumers but also
to business and other final users, totaled
11.1 million (seasonally adjusted annual
rate) in April and 11.2 million in May,
down from 11.6 million in the first
quarter (chart 3). The decline was more
than accounted for by sales of domestic
cars, which dropped to 8.6 million in
April and May from 9.3 million in the
first quarter. Sales of imports were up
strongly, to 2.6-2.7 million in AprilMay from 2.3 million in the first
quarter. Sales of domestic small cars
(subcompacts and compacts) were up
almost as much as imports, to 4.1 million in April and May from 3.9 million
in the first quarter. Together, imports
and domestic small cars were 61 percent of total new car sales in both April
and May, a percentage surpassed only
in February 1975, when substantial
sales rebates on small cars were offered.
Sales of intermediate and full-size cars
declined sharply. Intermediate sales
fell to 2.3 million in April and May from
Fixed-Weighted Price Index for Personal Consumption Expenditures:
Change From Preceding Month
Percent
120
100 -
I 1 I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I I t t I I I I I 1 I I I I t I I I I I I I M I I I I I I I I I I I I I I I I I I 1 I I I I I I I I I I I I I I I It
Table 1.—Personal Income: Change From
Preceding Quarter
[Billions of dollars, based on seasonally adjusted annual
rates]
1979:1
Personal income
Wage and salary disbursements
Manufacturing
Other commodity-producing
Distributive
Services.
Government and government
enterprises
Proprietors' income
Farm
Nonfarm _
Transfer payments
Other income
Less: Personal contributions for
social insurance
_
1979:11*
47.1
40.4
35.9
23.0
12.8
2.7
9.9
3.8
5.3
5.6
7.5
5.9
2.9
2.5
.4
1.0
.2
.1
.2
.9
5.0
6.4
12.6
11.1
6.8
1.1
I
-20
I.,,.. I
I...., I.,.,. I,,.,, I,.,,. I.,.,. I
40
20 -
1972
1973
1974
1975
1976
1977
Seasonally Adjusted at Annual Rates
Note-Energy includes electricity and gas, fuel oil, and gasoline and motor oil.
U.S. Department of Commerce, Bureau of Economic Analysis
•Projected.
I,,,,, I.,.,. I,,,,, I
1978
1979
SURVEY OF CUKRENT BUSINESS
June 1979
2.8 million in the first quarter, and fullsize car sales fell to 2 million from 2.8
million.
The shift in the composition of sales
toward domestic small and imported
cars was prompted by concern over the
present and future price and availability of gasoline. A similar shift took
place during the 1973-74 gasoline shortage. Inventories have been affected by
the recent shift. After falling for 2
months, inventories of domestic cars
increased to 1,879,000 (seasonally adjusted) in May, and the inventorysales ratio reached 2.64—well above the
2 considered to be normal. Also, the
composition of inventories was unbalanced. There was an oversupply of
many intermediate and full-size cars
and a shortage of several models of
small cars. Many foreign cars were in
short supply also. Limitations on the
capacity to produce domestic small cars
and the time required to ship foreign
cars to the United States may impinge
on further increases in their sales.
The decline in truck purchases, which
began in the first quarter, accelerated
in the second. In terms of units, the
decline was in light trucks. This weight
class includes pickups and vans, which
are purchased by consumers for personal
use as well as by business. Light truck
sales fell from 3.4 million (seasonally
adjusted annual rate) in the first quarter
to 2.8 million in April and 2.7 million
in May. Sales of medium and heavy
trucks combined, at 0.4 million, averaged close to their first-quarter rate.
Other second-quarter
developments
Real residential investment continued
to decline in the second quarter. The
course of housing starts had suggested
that first-quarter construction was adversely affected not only by the unfavorable weather but by other factors
as well. The continued shortfall of
April and May starts from the fourthquarter 1978 level confirms this view.
Total housing starts averaged 1.78
million (seasonally adjusted annual
rate) in April and May, compared with
1.62 million in the first quarter and 2.08
million in the fourth (chart 4). April
and May starts fell short of the fourthquarter level in each region—by 27
percent in the Northeast, 19 percent
in the North Central region, and 9-12 sharp drop in motor vehicles. A conpercent in the West and South.
tinued increase in other producers'
Single-family starts averaged 1.23 durable equipment and an increase in
million in April and May, compared structures, which partly reflected
with 1.12 million in the first quarter makeup from unfavorable weather in
and 1.49 million in the fourth. There is the first quarter, provided only partial
growing evidence that financial factors offsets. Investment spending is disare contributing to a weakening in cussed later in this issue in the article
single-family construction. Outstanding on the BE A plant and equipment
mortgage commitments at thrift in- survey.
stitutions—savings and loan associations (S & L's) and mutual savings
banks—continued to decline from the
high last November. Mortgage interest
Retail Sales of New Passenger Cars
rates increased through May. The rates
on contracts and on commitments for
conventional new-house loans both increased about 30 basis points since
January. Net inflows to thrifts slowed
over the same period. Some slowdown
had been expected as a result of the
mid-March changes in regulations that
made 6-month money market certificates (MMC's) less attractive to
savers.
Regulatory changes that affect banks
and thrifts beginning July 1 were
announced at the end of May. These
changes, which will help small savers
obtain a higher return, may also increase savings inflows, although at a
higher cost for the financial institutions.
The major changes were: (1) An in- 10 0 . , , , . I . , . , , V
I
I, , ,, ,I
crease of one-quarter of 1 percent in
the maximum interest rate payable on 4.5 SALES BY DOMESTIC SIZE CATEGORY AND IMPORTS
passbook savings accounts; (2) inSmall
troduction of a savings certificate with
4.0 a maturity of 4 years or more, which
Intermediate
will have a rate ceiling tied to the yield
for 4-year Government securities; (3)
elimination of all requirements for 3.5
minimum denominations on consumerV
type time deposits except for the $10,- 3.0
000 minimum required on MMC's;
and (4) a reduction in early withdrawal
V
W
\+ /
\ !
)( \ /
penalties for new certificates issued or 2.5
I /
renewed after July 1. In addition,
W
Full-Size
fju1
federally chartered S & L's are to be
allowed to deal in variable rate mort- 2.0
—
VvA / U
gages (VRM's). VRM's carry an in•
Imports
terest rate tied to an index of the average cost of funds to S & L's and, 1.5
i , , , ,,i
l
I. t l l l ,
1977
1978
1979
accordingly, will allow S & L's to match
Seasonally Adjusted at Annual Rates
mortgage interest rates more closely
NOTE-The components may not add to the total because each category
was separately adjusted for seasonal variation.
with costs.
_
.
•
•
/
\ A
,
V
A
/K
/ >
Real nonresidential investment declined in the second quarter, due to the
J
A
ft
'I
Data: Motor Vehicle Manufacturers Association of the United States, Inc. and
Ward's Automotive Reports; seasonal adjustment by BEA.
U.S. Department of Commerce, Bureau of Economic Analysis
79.6.3
SUEVEY OF CUEEENT BUSINESS
CHART 4
Housing Starts
Millions of units
2.5
2.0
-
-
Total
/V s\
1.5 -
1.0
.5
\ r\
V
v
*y
—
v
Single Family
Multifamily
•
111111 i i i i i I i i i I I I I I I I I I I I I I I
I I I I I I I I I I I
1976
1975
I I I I I I I I I I II I I I I I
1979
1977
1978
Seasonally Adjusted at Annual Rates
Data: Census
U.S. Department of Commerce, Bureau of Economic Analysis
79-6-4
Eeal government purchases changed
little in the second quarter, after a decline in the first. Federal purchases declined more in the second quarter than
in the first. The major factor was Commodity Credit Corporation loans, which
are treated as Federal purchases in the
national income and product accounts
Table 2.-—Selected Labor Market Indicators
[Seasonally adjusted]
1978
1979
1978:111978:111
Household survey
Civilian labor force (millions)
Employment
Unemployment
Unemployment rate (percent)
Employment-population ratio
Civilian labor force participation
rate (percent):
Total
Men
Women...
Teenagers-
II
III
IV
I
April
100.1
94.1
6.0
100.8
94.7
6.0
101.5
95.6
5.9
102.5
96.6
5.9
102.1
96.2
5.9
102.2
96.3
5.9
6.0
6.0
5.8
5.7
5.8
5.8
58.6
58.7
59.0
59.4
59.0
59.0
.1
63.1
79.8
49.4
57.9
63.3
79.6
49.8
58.7
63.5
79.8
50.1
58.5
63.8
80.2
50.3
58.8
63.5
79.8
50.1
58.1
63.4
79.7
50.3
57.5
.2
-.2
.4
.8
85.7
86.1
87.0
87.9
88.3
25.4
20.3
5.1
25.5
20.3
5.2
25.9
20.6
5.3
26.2
20.9
5.3
26.4
20.9
5.4
26.4
20.9
5.5
.1
24.2
20.6
15.6
24.4
20.8
15.5
24.6
21.0
15.5
24.9
21.3
15.5
24.9
21.4
15.6
25.0
21.5
15.6
36.0
40.6
35.8
40.4
35.9
40.6
35.8
40.7
35.4
39.2
35.6
40.2
0.6
1978:1111978 :IV
1978 :IV1979:1
0.8
1.0
1.0
0
Q
0
-.1
0
-.2
1979:11979:
May
-0.2
-.3
.1
.1
.3
-.4
-.4
-.5
0
-1.3
.2
.2
.3
2
Establishment survey
Employment,
(millions)
nonfarm
payroll
Goods producing..
Manufacturing..
Other
Distributive
i
Services 2
Government.
Average weekly hours, private nonfarm:
Total
Manufacturing..
1. Transportation and public utilities, and wholesale and retail trade.
2. Services, andfinance,insurance, and real estate.
Source: Bureau of Labor Statistics.
.6
.8
0
.1
.2
.2
0
-.2
_ o
.4
.3
.1
•4 |
.3 !
.3
.3
-.1
.3 I
.2
.2 i
i
;
.1 I
-.2
-.5
June 1979
A swing to an increase in State and local
purchases reflected a recovery of construction, which had been depressed by
the unfavorable weather.
Information on the two remaining
components of GNP—net exports ana
the change in business inventories—is
fragmentary as of mid-June (see footnote 1). Real net exports of goods and
services appear to have increased much
less than in the first quarter. Merchandise exports showed little change, as a
decline in the automotive category
about offset increases in most others.
Investment income had been unusually
high in the first quarter, mainly due to
returns on direct investment, and fell
back in the second. Merchandise imports also show little change.
It is likely that there was some stepup in real inventory investment in the
second quarter. The bulk of it probably
was due to involuntary accumulation,
although investment made to build up
inventories regarded as insufficient in
the light of sales prospects or to hedge
against shortages or inflation may also
have been a factor.
Evaluation of the information on the
demand components of real GNP
suggests that real GNP declined in the
second quarter. Information on the
motor vehicle components of GNP—
sales of autos and trucks to the various
categories of final users and the change
in inventories—is reasonably complete.
These components at an annual rate
dropped $11 billion in the second
quarter. The information on the remaining components of GNP other than
net exports and the change in business
inventories is relatively firm and indicates little change in their total.
Information on the net exports and
inventory components is fragmentary,
but it is unlikely that increases in them
will offset the decline in motor vehicles.
Employment and average hours are
shown in table 2, along with other labor
market indicators. The rapid increase
in employment, and also in the labor
force, that had characterized previous
quarters came to a halt in the second.
The household measure of employment
decreased 280,000 if May is taken as
indicative of the quarter—the first
decrease since the second quarter of
1975. The payroll measure of employ-
June 1979
ment increased 570,000 over the same
period, but the increase was less than
in each of the previous two quarters.
Average weekly hours in the private
nonfarm economy fell from 35.8 in the
first quarter to 35.6 in May. In manufacturing, the decline was sharper—
from 40.7 to 40.2. In conjunction with
the second-quarter decline in real GNP,
this information on employment and
average hours implies another quarter
of poor productivity performance.
First-quarter corporate profits
Corporate profits from current production at an annual rate decreased $8
billion in the first quarter (revised),
following an increase of $11% billion
in the fourth. This measure of profits
includes the inventory valuation and
capital consumption adjustments, and
is on a bef ore-tax basis. The first-quarter
estimate is $2% billion higher than that
published a month ago.
Domestic profits of nonfinancial corporations at an annual rate decreased
$9% billion, more than accounting for
the first-quarter decline. In the fourth
quarter, they increased $10 billion. Real
corporate product increased, but not
enough to offset a sharp decline in profits per unit of real product, which in
turn reflected a faster increase in costs
incurred by corporations than in the
prices they charged. In the fourth
quarter, when profits had increased,
both real product and unit profits increased. Most of the first-quarter decrease was in nonmanufacturing industries—particularly trade. Profits in
manufacturing increased; motor vehicles
and other nondurable goods showed the
largest gains, and nonelectrical machinery and food had the only significant
decreases. Domestic profits of financial
corporations decreased $)£ billion and
profits from the rest of the world increased $2 billion. In the fourth quarter,
the former increased $1% billion, and
the latter were unchanged.
Before-tax book profits at an annual
rate increased $5 billion in the first
quarter, following a $19}£ billion increase in the fourth. These profits exclude the two valuation adjustments,
which are designed to value inventories
and fixed capital used up in production
SIIKVEY OF CURKENT BUSINESS
at replacement cost, the valuation concept underlying national income and
product accounting, rather than at
historical cost, the valuation concept
generally underlying business accounting. If, as in the first quarter, the historical cost of inventories used up is
less than their replacement cost, profits
as measured by business exceed profits
as measured in the national income and
product accounts by an amount that is
called inventory profits. Inventory
profits increased $12 billion in the first
quarter, following an increase of $7%
billion in the fourth. The first-quarter
increase resulted from an acceleration
in prices of inventories in almost all
industries.
Corporate profits taxes, which are
levied on profits including inventory
profits, at an annual rate decreased $4
billion, following an increase of $8
billion in the fourth quarter. The decrease resulted from the reduction in
Federal corporate income tax rates and
other changes provided by the Revenue
Act of 1978 and the Energy Act of 1978.
Primarily as a result of these changes,
after-tax profits increased $9 billion,
following an increase of $11 billion.
Table 3.—Revisions in Selected Component Series of the NIPA's, First Quarter of 1979
Percent change from preceding quarter at annual rates
Seasonally adjusted at
annual rates
75-day Revision 45-day
45-day
estimate estimate
estimate
75-day Revision
estimate
Billions of current dollars
GNP
Persona] consumption expenditures
Nonresidential fixed investment
Residential investment _.- - . . Change in business inventories
Net exports
Government purchases
Federal
State and local
..
National income
Compensation of employees.._
Corporate profits with inventory valuation and capital
consumption adjustments
Other
Personal income .
2,264.8
2,267.3
2.5
9.3
9.8
0.5
1,440.4
244.1
110.4
16.6
—5 3
458.5
164.5
294.0
1,442.2
244.0
111.1
15.3
—3 7
458.4
164.5
293.9
1.8
-.1
10.8
12.4
-10.3
11.4
12.2
-7.9
.6
-.2
2.4
3.6
5.1
2.8
3.4
5.1
2.5
-.2
0
-.3
-1.3
16
-.1
0
-.1
1,835.4
1,838.7
3.3
9.3
10.0
1, 406.8
1, 406.6
-.2
14.5
14.5
166.0
262.7
168.7
263.3
2.7
.6
-22.5
6.2
1,836.0
1,836.0
-16.7
7.2
10.9
0
10.9
.7
0
5.8
1.0
0
Billions of constant (1972) (lollars
GNP . .
Personal consumption expenditures
Nonresidential fixed investment . .
Residential investment
Change in business inventories
Net exports
Government purchases
FederalState and local
1,416.3
1,417.6
1.3
.4
.8
.4
912.4
146.8
57 7
11.2
11 7
276.4
102 0
174.5
913.5
146.7
58 0
10.6
12.5
276.4
102 0
174.4
1.1
-.1
.7
4.9
-14.1
.4
.3
.3
5.4
-16.2
-.5
2.1
-.1
-4.2
-2.2
-5.3
-4.3
-2.2
-5.5
-.1
0
-.2
8.9
.1
.1
.1
-.6
.8
0
0
Index numbers, 1972=100 i
GNP implicit price deflator
GNPfixed-weightedprice index
GNP chain price index
159 91
162.6
159.94
162.6
.03
0
8.8
9.6
9.3
9.7
9.4
1. Not at annual rates.
NOTE.—For the first quarter of 1979, the following revised
or additional major source data became available: For personal consumption expenditures, revised retail sales for March,
sales and inventories of used cars of franchised automobile
dealers for March, consumption of electricity for February,
expenditures for hospital and telephone service for March,
and expenditures in the United States by foreigners for the
quarter; for nonresidential fixed investment, revised manufacturers' shipments of equipment for March, revised construction put in place for March; and business expenditures
for plant and equipment for the quarter; for residential investment, revised construction put in place for March, for change
in business inventories, revised book values for manufacturing
and trade for March; for net exports of goods and services,
revised marchandise trade for March, and revised service
receipts for the quarter; for government purchases of goods and
services, revised construction put in place for March; for wages
and salaries, revised employment, average hourly earnings,
and average weekly hours for March; for corporate profits,
revised domestic book profits for the quarter, revised dividends from abroad and branch profits (net) for the quarter;
and for net interest, revised net interest received from abroad
for the quarter.
SURVEY OF CURRENT BUSINESS
June 1979
NATIONAL INCOME AND PRODUCT TABLES
1978
1977
1977
1978
I
IV
II
1979
III
IV
1977
1977
I'
1978
1978
IV
I
Seasonally adjusted at annual rates
1979
II
III
IV
I'
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1972 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1. 1, 1.2)
Gross national product
1,887.2 2,107.6 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 2,267.3 1,332.7 1,385.7 1,354.5 1,354.2 1,382.6 1,391.4 1,414.7 1,417.6
- -
Personal consumption expenditures
1,206.5 1,340.1 1,255.2 1,276.7 1,322.9 1,356.9 1,403.9 1,442.2
857.7
891.7
876.6
873.5
886.3
895.1
911.8
913.5
183.5
501.4
591.8
197.8
519.3
605.8
199.5
531.7
625.8
209.1
553.4
641.4
211.5
567.7
663.1
137.8
330.4
389.5
144.6
339.6
407.4
143.0
338.1
395.6
137.8
333.3
402.4
145. 8 144.8
336.3 340.4
404.2 410.0
150.1
348.5
413.1
148.7
345.3
419.5
313.5
322.7
345.4
350.1
364.0
370.4
196.3
210.6
200.3
205.7
213.1
210.4
213.4
215.3
300.5
306.0
325.3
336.5
350.5
355.1
187.4
200.1
192.8
193.4
200.4
201.4
205.2
204.7
222.6
77.8
144.8
200.3
67.4
132.8
205.6
68.5
137.1
220.1
76.6
143.5
227.5
80.9
146.6
237.1
85.1
152.0
244.0
85.8
158.3
129.8
40.0
89.8
140.2
44.5
95.8
132.5
41.0
91.5
133.8
41.0
92.9
140. 5
44.6
95.9
141.7
45.6
96.1
144.9
46.7
98.2
146.7
46.1
100.6
91.9
88 9
107.0
103.8
100.2
97.5
100.3
97.3
105.3
102.1
111.1
108.0
57.7
55.6
59.8
57.7
60.3
58.4
59.5
57.4
59.9
57.8
59.7
57.6
60.3
58.2
1.2
1.3
1.5
1.3
.9
.8
58.0
56 0
1.4
.8
1.6
1.7
1.8
1.2
1.3
1.2
1.3
1.4
1.3
.8
1.7
1.7
.8
.8
1.8
.7
1.5
109.0
105.7
1.5
1.7
113.4
110.2
1.5
15.6
15.0
.6
16.0
16.7
-.8
13.1
10.4
2.7
16.7
16.9
-.2
20.1
22.1
-2.0
13.6
14.6
-.9
13.5
13.4
.1
15.3
16.5
-1.2
8.9
10.6
11.0
-.5
7.5
-.5
12.3
12.5
-.1
12.7
13.9
-1.2
-.6
.1
-11.1
-12.0
-23.2
-24.1
-5.5
-10.7
-7.6
-3.7
9.5
8.4
3.1
2.9
11.3
9.2
10.2
12.5
175.5
186.6
204.8
216.8
172.1
195.2
181.7
205.8
205.4
210.9
210.1
220.8
221. 9
229.5
235.0
238.7
98.2
88.7
107.0
98.6
96.0
92.9
99.1
96.2
108.4
97.1
109.0
99.7
111.7
101.5
115.2
102.8
394.0
433.9
412.5
416.7
424.7
439.8
454.5
458.4
269.2
275.0
274.5
272.1
271.9
276.7
279.4
276.4
145.1
94 3
50 8
248.9
153.8
99.5
54.3
280.2
152.2
97.1
55.1
260.3
151.5
97.9
53.6
265.2
147.2
98.6
48.6
277.6
154.0
99.6
54.5
285.8
162.5
102.1
60.4
292.0
164.5
103.9
60.6
293.9
102.5
102.0
176.9
174.4
197.5
526.5
616.2
187 2
496.9
571.1
297.8
345.6
282.3
329.6
Nonresidential
Structures
Producers' durable equipment
190.4
63.9
126.5
Residential
.
Nonfarm structures
Farm structures
Producers' durable equipment
Durable coods
Nondurable goods
Services
-
178 4
479 0
549.2
-
Gross private domestic investment
..
. .
Fixed investment
Change in business inventories
Nonfarm
. .. _
Farm
. . . _
Net exports of goods and services
Exports
Imports
Government purchases of goods and services
Federal
National defense
Nondefense
State and local
. . .
. .
1.4
9.4
6.5
.9
.7
1.3
1.3
9.0
8.2
9.6
8.1
10.6
11.2
-.6
101.6
100.3
103.6
101.2
97.1
100.4
167.6
174.7
170.9
170.8
174.8
176.3
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
1,887.2 2,107.6 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 2,267.3 1,332.7 1,385.7 1,354.5 1,354.2 1,382.6 1,391.4 1,414.7 1,417.6
Gross national product..
1,871.6 2,091.6 1,945.0 1,975.3 2,067.4 2,122. 5 2,201. 3 2,252.0 1,323.8 1, 375. 2 1,347.1 1,341.8 1,369.9 1,382.4 1,406.5 1,407.0
10.6
15.3
9.0
13.5
12.7
8.2
20.1
8.9
16.7
13.6
7.5
12.3
15.6
16.0
13.1
10.6
Final sales
Change in business inventoriesGoods..
Final sales
Change in business inventoriesDurable goods
Final sales.
Change in business inventories.
Nondurable goods
Final sales
Change in business inventories.
Services
Structures..
832.6
918.4
859.6
861.8
912.2
927.3
972.5
999.3
608.4
629.7
620.1
611.8
627.7
630.2
649.1
650.1
817.0
15.6
902.4
16.0
846.5
13.1
845.1
16.7
892.1
20.1
913.7
13.6
958.9
13.5
984.0
15.3
599.6
8.9
619.1
10.6
612.7
7.5
599.4
12.3
615.0
12.7
621.2
9.0
639.5
10.6
341.3
332.9
8.4
376.8
365.1
11.7
347.4
341.1
6.3
351.2
336.3
14.8
375.8
365.0
10.8
380.1
369.8
10.2
400.1
389.2
10.8
424.3
405.7
18.5
253.7
248.0
5.8
265.4
258.1
7.3
255.1
250.5
4.6
254.6
245.0
9.6
266.6
260.2
6.4
264.8
258.7
6.1
640.9
8.2
275. 5
268.4
7.1
491.3
484.1
7.2
541.7
537.4
4.3
512.2
505.4
6.8
510.6
508.7
1.9
536.4
527.1
9.3
547.2
543.9
3.4
572. 4
560.7
2.7
575.0
578.3
-3.2
354.7
351.6
3.1
364.3
361.1
3.3
365.0
362.1
2.9
357.2
354.5
2.7
361.2
354.8
6.3
365.4
362.5
2.9
373.6
372.5
1.1
366.4
366.9
-.5
862.8
191.8
962.5
226.7
893.6
204.9
926.4
203.8
952.0
223.4
973.7
235.0
997.7 1,028.9
244.7
239.1
602.9
121.3
627.0
129.0
609.6
124.8
620.1
122.3
625.6
129.3
629.7
131.6
632.6
133.0
640.1
127.4
283.8
272.7
11.1
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
1,887.2 2,107.6 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 2,267.3 1,332.7 1,385.7 1,354.5 1,354.2 1,382.6 1,,391.4 1,414.7 1,417.6
Gross national product..
1,869.9 2,088.2 1,942.2 1,973.8 2,066.5 2,117.3 2,195.1 2,244.6 1,325.3 1,377.9 1,347.9 1,346.6 1,373.9 1,,383.9 1,407.0 1,409.1
Gross domestic product
Business
Nonfarm
Nonfarm less housing
Housing
Farm
_
Statistical1 discrepancy
Residual
Households and institutions..
Government
Federal
State and local.
Rest of the world.
p
Revised.
_
1,599.3 1,790. 2 1,660.4 1,684.1 1,771.8 1,817.5 1,887. 4 1,930.3 1,135.9 1,183. 7 1,155.9 1,153.5 1,180.0 1, 189.3 1,212.1 1,213.8
1,544.0 1, 730. 5 1,601.6 1, 628.9 1, 714.9 1,758.5 1,819.9 1,862.2 1,094.2 1,146. 0 1,112.4 1,115.4 1,145.2 1,, 151. 8 1,171.5 1.177.1
998.1 1,026.5 1, 031. 7 1,050. 0 1.054.2
980.5 1,026. 6
996.4
1,397.8 1,566. 3 1,449.0 1,471.7 1,553.2 1, 592.0 1,648.1 1,686.4
166.5
171.7
122.9
117.4
118.6 120.1
121.5
113.6
152.7
175.8
116.0
157.1
119.4
146.2
161.7
164.3
33.2
58.6
31.9
63.2
32.5
30.5
33.8
34.4
54.0
53.0
66.9
32.5
36.1
50.5
56.4
57.8
.4
4.3
4.8
2.2
1.2
.5
4.7
1.8
4.3
6.8
4.8
7.4
7.3
5.5
4.3
5.2
45.2
44.3
45.6
42.2
43.6
44.9
70.5
72.3
74.4
43.8
62.7
77.1
71.5
65.9
68.8
44.5
208.0
66.4
141.5
226.5
71.1
155.4
17.3
19.4
215.9
69.5
146.4
221.0
69.9
151.1
224.1
70.1
154.1
227.5
70.5
157.0
233.4
74.0
159.4
15.9
18.2
21.1
18.8
19.8
237.2
74.6
162.6
22.7
147.2
48.7
98.4
149.6
48.9
100.8
148.4
48.8
149.4
48.8
100.6
149.6
48.8
100.8
7.3
7.9
6.6
7.5
8.8
149.8
49.0
100.8
7.5
149.8
48.9
100.9
149.7
48.8
100.9
7.7
8.5
Footnotes for tables 2 and 3 on following page.
HISTORICAL STATISTICS
The national income and product data for 1929-72 are in The National Income and
Products Accounts of the United States, 19S9-7$: Statistical Tables (available for $4.95, SN
003-010-00052-9, from Commerce Department District Offices or the Superintendent of
Documents; see addresses inside front cover). Data for 1973,1974, and 1975-77 are in July
1976, July 1977, and July 1978 issues of the SUKVEY, respectively.
SUKVEY OF CURRENT BUSINESS
June 1979
1977
1978
1977
1978
I
IV
II
1977
1979
III
IV
I r
1977
1978
Table 4.—Relation of Gross National Product, Net National
Product, National Income, and Personal Income (1.9)
1,887.2 2,107.6 1,958.1 1,992.0 2,087.5 2,136.1 2,214.8 2,267.3
Plus: Subsidies less current
surplus of government
enterprises
Equals: National income
Less: Corporate profits with
inventory valuation
and capital consumption adjustments
Net interest
Contributions for social
insurance
Wage accruals less disbursements
Plus: Government
transfer
payments to persons...
Personal interest income
Net interest..
_.
Interest paid by government to persons
and business
Less: Interest received
by government
Interest paid by consumers to business...
Dividends
Business transfer payments
195.2
216.9
202. 6
207.3
213.3
220.8
226.3
231.7
153.6
165.4
157.8
161.0
163.9
166.9
19.9
172.7
-41.6 -51.5 -44.7 -46.3 -49.4 -53.8 -56.4 -59.0
Equals: Personal income
165.1
178.3
170.1
173.3
179.4
177.7
182.7
186.3
9.6
4.7
10.7
1.8
10.0
4.8
10.2
2.2
10.5
.5
10.9
.4
11.3
4.3
11.7
1.2
2.8
3.9
6.3
4.1
4.3
2.1
5. 0
2.3
159.5
106.3
148.2
99.0
132.6
101.7
163.4
104.
165.2
107.
176. 6
111. 4
168.7
115.2
140.3
164.3
145.0
157.4
162.7
166.2
170.7
184.4
0
0
0
0
0
.2
0
-.2
199.2
215.3
205.9
208.9
210.1
219.6
222.7
227.3
141.2
95.4
159.0
106.3
146.0
99.0
151.4
101.7
156.3
104.6
161.7
107.4
166. 6
111.4
172.6
115.2
43.0
49.3
44.5
46.7
48.4
50.6
51.4
54.2
25.8
30.3
27.3
28.5
29.7
30.9
32.3
33.8
28.6
43.7
33.8
49.3
29.8
46.3
31.5
47.0
33.0
48.1
34.6
50.1
36.0
51.9
36.9
54.0
10.7
10.0
10.2
10.5
10.9
11.3
11.7
,682.4 1,731.7 1,789.0 1,836.0
Residual'.
Equals: National income
17.3
19.4
1,332.7 1,385.7 1,354.5 1,354.2 1,382.6 1,391.4 1,414.7 1,417.6
128.9
131.
130.2
15.9
18.2
21.1
18.8
19.8
22.7
Billions of 1972 dollars
Net domestic product. _
1,203.8 1,253.8 1,224.4 1,223.3 1,251.1 1,259.2 1,281.7 1,283.8
1,196.4 1,246.0 1,217.7 1,215.8 1,242.3 1,251.7 1,274.0 1,275.2
Business. _
, 007.0 1, 051. 8 1,025.7 1,022.61,048. 51,057. 01,079.1 1,080.0
Nonfarm
974.5 1, 023.3 991.5 993.8 1,022.8 1,028. 8 1,017.8 1, 052.6
Farm..
_
23.9
22.6
25.2
24.5
26.9
21.3
23.2
23.3
7.3
Residual«
4.3
7.4
6.8
4.8
5.2
5.5
4.3
42.2
Households and institutions.
44.9
43.6
44.3
45.2
45.6
44.5
43.8
147.2 149.6 148.4 149.4 149.6 149.8 149.8 149.7
Government
Rest of the world
National income..
Business.
Nonfarm _
Farm
Households and institutionsGovernment.
Rest of the world..
7.3
7.9
6.6
7.5
7.5
7.7
8.5
1,065.1 1,110.5 1,083.0 1,082.8 1,109.4 1,115.8 1,134.2 1,137.5
1,057.7 1 102.7 1,076.4 1,075.3 1,100.6.1,108.3 1,126.5 1,129.0
868.3
841.4
26.9
42.2
147.2
7.3
908.5 884.3
883.8[ 855.7
24.7
8.7
43.6
44.5
149. 6 148.4
7.9
6.6
882.1
857.3
24.8
43.8
149.4
906.8! 913.6
884.11 888.3
22.7
25.3
44.3
44.9
149.6 149.8
931. 6
905.6
26.0
45.2
149.8
909.7
24.1
45.6
149.7
7.5
7.5
7.7
8.5
933.8
* Revised
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross/product by industry. The quarterly estimates
are obtained by interpolating the annual estimates with the statistical discrepancy deflated
by the implicit price deflator for gross domestic business product.
NOTE.— Table 6: The industry classification within the business sector is on an establishment basis and is based on the 1972 Standard Industrial Classification.
130.9
131. 6
132.3
133.0
133.8
Equals: Net national product.__ 1,203. 8 11,253. 8 1, 224.4 1,223.3 11,251.1 1,259. 2 11,281.7 1,283.8
Less: Indirect business tax
and nontax liability
plus business transfer
payments less subsidies plus current surplus of government
enterprise
1,674. 7 1 871.2 1,739.6 1,766.5,1,853.2 1,896.5 1,968.7 2,012.9
1,227.4 1,386.31,279.1 1,295. 2il, 372.4 1,409.9 1,467.8 1I, 501.7
Business.
1,192.6 1,344.81,238.71,257.7 1,332.4 1,368. 5 1,420. 4 11,453.4
Nonfarm
37.4
40.0
41. 3
47. 3 48.3
Farm
41.5
40.5
34.8
77.1
70.5
72.3 74.4
68.8
Households and institutions62.7
65.9
71.5
208.0 226.5 215.9 221.0 224.1 227.5 233.4 237.2
Government
Domestic income
[Billions of 1972 dollars]
Gross national product
I r
IV
Business
1, 404.1 1,573. 3 1,457. 8 1[, 476.8! 1,558. 51,596. 7 1,661.0 1, 698. 6
Nonfarm
1,363. 2 1,529. 2 1,413. 9 11,436.71,517.0 1,553.55 1,609.6 1,646.9
50.5
47.1
42.9
37.
41.0
Farm
39.1
42.2
36.1
1.2
4.
.4
2.2
.5
4.8
Statistical discrepancy
1.8
4.7
77.1
72.3
68.8
74.4
65.9
70.5
Households and institutions.
62.7
71.5
237.2
Government
226.5 215.9 221.0 224.1 227.5 233.4
208.0
22.7
19.8
18.8
18.2
21.1
19.4
15.9
Rest of the world
17.3
1,703.7 1,576.9 1,603.1 1,688.1 1,728.4 1,795.2 1L,838.7
National income
1,515.3
, 498.0 1,684.3 1,560.9 1,584.9 1,667.1 1,709.7 1,775.5 1[,816.0
Domestic income
Net national product
144.2
95.4
1,529. 0 1 ,708.0 1,593. 0 1[,628.
1 III
1,692.0 1, 890.7 1,755.5 1,784.7|1,874.2 1,915.3 1,988.5 2,035.6
1,515. 3 1,703.7 1,576.9 1[,603.1 1,688.1 1,728.4 1,795.2 11,838.7
Table 5.—Relation of Gross National Product, Net National
Product, and National Income in Constant Dollars (1.10)
Less: Capital consumption allowances with capital
consumption adjustment
Net national product
Rest of the world.
9.6
II
Table 6.—Net National Product and National Income by Sector in
Current and Constant Dollars (1.11, 1.12)
Net domestic product
Equals: Net national product.. 1,692.0 1, 890.7 [, 755.5 1,784.7 1,874. 2 1,915. 3 1 988. 5 21,035.6
Less: Indirect business tax
and nontax liability...
Business transfer payments.
Statistical discrepancy..
I
Billions of dollars
Billions of dollars
Gross national product
IV
1979
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Less: Capital
consumption
allowances
with
capital
consumption adjustment
Capital consumption
allowances without
capital consumption
adjustment.
Less: Capital consumption
adjustment
1978
131.4
138.0
134.0
135.0
137.4
139.1
140.7
141.4
7.3
5.2
7.4
5.5
4.3
4.3
6.8
4.8
1,065.1 1,110.5 1,083.0 1,082.8 11,109.4 1,115.8 1,134. 2 11,137.5
Footnotes for tables 2 and 3.
1. Equals GNP in constant dollars measured as the sum of final products less GNP in
constant dollars measured as the sum of gross product by industry. The quarterly estimates
are obtained by interpolating the annual estimates with the statistical discrepancy deflated
by the implicit price deflator for gross domestic business product.
NOTE.—Table 2: "Final sales" is classified as durable or nondurable by type of product.
"Change in business inventories" is classified as follows: For manufacturing, by the type of
product produced by the establishment holding the inventory; for trade, by the type of
product sold by the establishment holding the inventory; for construction, durable; and for
other industries, nondurable.
Table 3: The industry classification within the business sector is on an establishment basis
and is based on the 1972 Standard Industrial Classification.
SUKVEY OF CUEEENT BUSINESS
8
1977
1977
1978
1978
IV
I
II
June 1979
1979
III
IV
I
1977
r
1977
1978
IV
Seasonally adjusted at annual rates
National income
515.3 ,703.7 ,576.9 ,603.1
688.1 ,728.4
, 153.4 ,301.4 [, 199.7 ,241.0
287.8 ,317.1 ,359.8 1,406.6
, 101.0 ., 021.2 , 050.8 090.2 ., 113.4
216.8
896.6
149. 4 , 185.1
216.1
884.8
208.1
813.1
211.4
839.3
222.3
927.1
225.1
960.1
169.8
200.5
178.4
190.21 197.61 203.6| 210.4
221.5
79.4
90.4
94.5
105.9
82.4
96.1
99.8
113.2|
20.2
25.3
90.2
93.6
100.0| 104.0)
95.7
98.6 105.6
107.9! 111.81 115.9
107.3
105.0
110.1
114.5
123.0
123.4
25.1
21.9
24.0)
25.0
30.4
30.6
Farm...
Proprietors, income with
inventory valuation adjustment and without
capital consumption adjustment
Capital consumption adj ustment
Nonfarm
Proprietors' income without inventory valuation
and capital consumption adj ustments
Inventory valuation adjustment
Capital consumption adjustment
24.6
30.1
29.8)
26.6
28.8
29.7
35.2
35.5
-4.4
79.5
-4.8
87.8
-4.7
82.3
-4.7
83.1
-4.8
86.1
-4.8
89.6
-4.8
92.6
-5.0
92.9
81.4
92.0
86.7
90.1
-1.3
-2.2
—1.
-2.1
-2.2
-2.0|
-1.2
-1.5
-1.
Rental income of persons with
capital consumption a d justment
Rental income
Capital consumption adjustment
22.5
42.1
Corporate profits with inventory valuation a n d capital
consumption adjustmentsCorporate profits with inventory valuation adjustment and without
capital consumption adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
23.4
47.61
22.7
44.0
22.8]
44. 61
22.2
45.5
93.5
-1.
24.3
49.5
97.8
99.4
-2.6
-3.3
-2.6
-3.2
24.4
51.0
24.7
52.0
144.2! 159.5
148.21 132.6
163.4
165.2
176.6
47.0
43.7
46.3
48.1
49.3
50.1
51.9
Undistributed profits.
55.1
58.4
58.1
72.4
68.8
69.2
78.6
Inventory valuation adjustment.
Capital consumption adjust- - 1 4 . 8 - 2 4 . 4' - 1 4 . 8 - 2 3 . 5 - 2 4 . 9 - 2 0 . 9 - 2 8 .
ment
-16.1 -17.2 -19.3 -19.9
-14.9 -18.1 -15.
Net interest
95.4 106.3
99.0 101.
104.6 107.
111.
Addenda:
Corporate profits with inventory valuation and capital
consumption adjustments. 144.2 159.5 148.2 132.6 163.4 165.2 176. 6|
54.0
177. 6
202.0
83.9
118.1
163.5
178.3
73.9
104.4
148.
172.1
70.0
102.1
180.6
205.5
85.0
120.5
71.8
83.9]
73.9
70.0
85.0
72.3
43.7
75.6
49.3
74.3
46.3
62.6
47.0
78.4
48.1
28.7
26.3
28.0
15.6
30.3
184.5
205. 4
86.2
119.2
Capital consumption allowances with
capital consumption adjustment
120.9
132.5
124.6
127.4
130.5
Gross domestic product of nonfinancial corporate business—
168.7
90.2
50.1
82.2
51.9)
78.5
54.0
30.3
24.5
140.3
, 096.1 1,167. 511.1,194. 0 1 ,240. 4 1 L,
: 269. 9
124.3 129.1 129.7 133.4 136.5
971.8 1,038.3|l, 064^3 1,107. 0[l, 133.3
837.41 875.1 896.4
698.7 730.6] 747.4
927.4! 963.5
801.1
138.7| 144.51 149.0| 154.0
Net domestic product
Indirect business tax and nontax
liability plus business transfer
payments less subsidies
Domestic income
167.5 157.3
215. 81 218.4
94.4 90.2
121.4 128.3
47.1 49.0
74.3 79.3
-28.4 -40.4
-19.9 -20.7
12.1 12.6
115.6 126.5 119.0 121.6 124.6 128.6 131.1 133.8
1,132.0 1,175.9 1,205.1
118.0
990.5
826.0
690.4
118.4 121.8
1,013.6(1,054.
845.5 875.1
705.7 730.6
124.6
1,080.5
909.7
757.2
135.6 139.7 144.5 152.5
127.8 130.6
169.5 170.3
70.1 70.2
99.4 100.1
42.9 46.2
56.5 53.9
-24.9 -20.9
-16.8 -18.9
36.61
140.4
188.2
77.8
110.4
47.8
62.6
-28.4
-19.4
,8.6
130.9
191.4
74.1
117.3
49.7
67.6
-40.4
-20.1
40.0
769.3 810.4 783.6 783.6 811.9 814.9 831.0 836.6
76.5
77.9
77.1
77.5
77.8
78.1
78.4
78.7
692.8 732.4 706.5 706.2 734.1 736.8 752.6 757.9
86.0 89.8 87.5 87.8 89.3 90.5 91.7 92.5
606.9 642.6 619.1 618.4 644.8 646.3 660.9 665.4
Dollars
Current-dollar cost and profit per
unit of constant-dollar
gross
domestic product 2
1.434
Capital consumption allowances with
capital consumption adjustment
.150
115.2
94.4
137.4
156.1
196.3
86.2|
110.1
45.6
64.5,
-20.9
-19.3
11.8
Billions of 1972 dollars
-20.7
86.2
134.7
151.7
193.8
85.0
108.8
42.3
66.5
-24.9
-17.2
11.5
Net domestic product
987.6 1,114.1 1,027.3 1,040.0
Indirect business tax and nontax
liability plus business transfer paym e n t s less subsidies
107.8 117.9 110.9 113.5
Domestic income
879.8 996.2 916.4 926.5
Compensation of employees
732.1 834.1 762.2 789.9
Wages and salaries
616.1 696.7 640.3 659.8
Supplements to wages and salaries
116.1 137.5 121.9 130.1
Corporate profits with inventory
valuation a n d capital consumption adjustments
113.9 124.9 118.7 100.9
Profits before tax
143.5 167.0 148.5 140.0
Profits tax liability
59.0 68.5 60.4 55.9
Profits after tax
84.5 98.5 88.0 84.2
Dividends
39.1 45.0 42.5 43.0
Undistributed profits
45.5 53.5 45.6 41.2
Inventory valuation adjustment.l - 1 4 . 8 - 2 4 . 4 - 1 4 . 8 - 2 3 . 5
Capital consumption adjustment.| - 1 4 . 7 - 1 7 . 7 - 1 5 . 0 - 1 5 . 7
Net interest
33.7 37.1 35.4 35.7
85.7
Gross domestic product
of corporate b u s i n e s s . . ,160.2 1,307.0 1,206.1 1,223.411,298.011,328.7 1,377.8 1,410.2
140; 3 123.2
170.4 162.7
73.9 70.0
96.5 92.7
42.0 42.3
54.5 50.4
-14.8 -23.5
-15.3 -16.1
11.5 11.2
-40.4
Table 8.—Gross Domestic Product of Corporate Business (1.15, 7.8)
Net domestic product
1, 039. 311,, 174.5 1,081.4
Indirect business tax and
nontax liability plus business transfer payments
less subsidies
117.81 129.1 121.5
Domestic income
921.511,045. 4 960. 0]
Compensation of employees
776.3 884.1 808.1
"Wages and salaries
652.5 737.5 678.1
Supplements to wages
and salaries
i, 123.8 146.5| 130.0|
I'
57.0 66.4 59.8 61.8 64.9 68.1 70.8 71.3
Gross domestic product of nonfinancial corporate b u s i n e s s . . - 1,103.2 1,240.6 1,146.3 1,161.6 1,233.011,260.611,307.011,338.9
Capital consumption allowances with
capital consumption adjustment
159.1
173.9
71.8
102.1
IV
Gross domestic product of financial corporate business »___
168.7
189.4
229.8
90.2
139.7
Capital consumption allowances with capital consumption adjustment
149.6
192.1
83.9
108.3
44.3
63.9
-24.4
-18.1
11.7
-19.6 -24.2 -21.3 -21.8 -23.3 -25.2 -26.6 -27.3
196.4
224. 9
94.4
130.5
Profits tax liability
Profits after tax with inventory valuation and capital
consumption adjustments.
Dividends
Undistributed
profits
with inventory valuation and capital consumption adjustments.
Corporate profits with inventory
valuation and capital consumption adjustments
134.6
Profits before tax
164.3
Profits tax liability
71.8
Profits after tax
| 92.5
Dividends
39.0
Undistributed profits
53.5
Inventory valuation adjustment - 1 4 . 8
Capital consumption adjustment. - 1 4 . 9
Net interest
_
10.6
795.2 1,838.7
200.8
782.9
84.8
III
Table 8.—Gross Domestic Product of Corporate Business—Con.
Compensation of employees
Proprietors' income with inventory valuation and capital consumption adjustments
II
Billions of dollars
Table 7.—National Income by Type of Income (1.13)
213.9
876.3
I
1979
Seasonally adjusted at annual rates
Billions of dollars
Wages and salaries
Government and government enterprises
Other
Supplements to wages and
salaries
Employer
contributions
for social insurance
Other labor income
1978
162.4
Net domestic product
Indirect business tax and nontax liability plus business transfer payments less subsidies
Domestic income
Compensation of employees
Corporate profits with inventory
valuation and capital consumption adjustments
Profits tax liability
Profits after tax with inventory
and
capital
consumption
adjustments
Net interest
r
1.284
.140
1. 531 1. 463 1. 482 1. 519 1. 547 1. 573 1.600
156
152
155
153
158
158
.160
1. 375 1. 311 1. 327 1. 365 1. 389 1. 415 1.440
146
142
145
145
145
147
.149
1.144 1. 229 1. 169 1. 182 1. 220 1. 244 1. 269 1.292
973 1. 008 1. 017 1. 038 1. 053 1.087
.952 1. 029
.148
.077
154
085
151
077
129
071
157
086
160
086
169
094
.156
.071
.044
070
046
074
045
057
046
071
045
074
046
075
046
.068
.048
Revised.
1. Consists of the following industries: Banking; credit agencies other than banks; security,
commodity brokers and services; insurance carriers; regulated investment companies; small
business investment companies; and real estate investment trusts.
2. Equals the deflator for gross domestic product of nonfinancial corporate business with the
decimal point shifted two places to the left.
SURVEY OF CURRENT BUSINESS
.lune 1979
1978
1977
1977
I
IV
1978
II
1977
1979
III
IV
1977
I'
1978
Table 9.—Auto Output in Current and Constant Dollars (1.16, 1.17)
Final sales.
Personal consumption expenditures
New autos
Net purchases of used autos
Producers' durable equipment
New autos
Net purchases of used autos
Net exports
Exports
-.
Imports
Government purchases of
goods and services
Change in business inventories
oi new and used autos
New..
UsedAddenda:
Domestic output of new
autos'
Sales of imported new autos2-.-
70.9
77.5
76.7
74.5
72.0
73.8
71.3
81.0
87.3
80.8
77.4
77.5
85.1
Wage and salary disbursements...
Commodity-producing
industries3
Manufacturing
Distributive industries4
Service industries s
Government and government enterprises
67.8
50.6
17.2
63.2
47.3
15.9
63.1
47.3
15.8
70.5
54.1
16.5
67.9
49.9
18.0
69.0
51.1
18.5
73.3
55.9
17.4
12.2
19.0
-6.8
-3.6
7.0
10.7
14.7
22.3
-7.6
-6.2
7.5
13.7
13.0
19.7
-6.7
-4.8
6.9
11.8
13.4 15.0
20.3 22.7
-6.9 -7.8
-5.8 -5.2
7.9
6.9
12.7 13.1
15.5
23.4
-7.9
-6. 5
7.8
14.3
14.9
22.6
-7.7
-7.5
7.4
14.9
15.9
24.4
-8.5
-4.7
9.0
13.7
.6
.5
.6
.6
.5
.5
.5
1.4
.8
2.5
2.5
-1.3
1.6
o
.9
-.1
3.4
-.9
63.9
16.7
60.2
15.5
60.5
15.7
65.3
17.0
-1.6
-1.4
—. 2
63.6
16.9
3.6
2.3
4.5
-1.0
1.7
.6
66.7
17.3
72.6
20.1
Billions of 1972 dollars
Auto output..
Final sales
55.2
55.3
55.4
54.1
57.0
53.5
56.5
59.8
54.0
54.9
53.8
52.4
58.3
54.5
54.2
57.9
45.3
36.5
8.7
44.7
35.8
9.0
43.4
35.0
8.4
47.8
39.3
8.4
44.6
35.6
9.0
45.3
36.2
9.1
46.7
38.6
8.1
11.5
16.1
-4.6
-2.3
5.4
7.7
10.6
14.9
-4.3
-2.0
5.2
7.2
10.8 11.8
15.1 16.5
-4.3 -4.7
-2.2 -1.7
5.2
5.8
7.3
7.5
12.0
16.7
-4.7
-2.4
5.5
7.9
11.6
16.0
-4.5
-3.0
5.3
8.3
12.1
16.9
-4.7
-1.3
6.2
7.5
.4
.4
.4
.4
.4
.4
-1.1
2.3
1.9
2.8
-.5
1.6
.3
47.3
12.2
50.2
13.9
Personal consumption expenditures
44.4
New autos
36.0
Net purchases of used autos.
8.5
Producers' durable equipment
10.6
New autos
14.8
Net purchases of used autos. - 4 . 2
-1.5
Net exports
5.4
Exports
Imports...
Government purchases of
goods and services.
.5
Change in business inventories
of new and used autos
New_.
UsedAddenda:
Domestic
output of new
autos1
_.
Sales of imported new autos2--.
r
.4
1.2
.4
1.6
1.6
1.3
2
.4
-.1
2.2
1.8
-. 1
.5
-1.0
-.1
46.1
11.9
46.2
12.1
45.5
11.8
44.9
11.6
47.5
12.3
45.3
12.0
-1.3
Revised
1. Consists of final sales and change in business inventories of new autos produced in
the United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and
government purchases.
3. Consists of agriculture, forestry, and fisheries; mining; construction; and manufacturing.
4. Consists of transportation; communication; electric, gas, and sanitary services; and
trade.
5. Consists of finance, insurance, and real estate; services; and rest of the world.
NOTE.—Table 10: The industry classification of wage and salary disbursements and proprietors' income is on an establishment basis and is based on the 1972 Standard Industrial
Classification.
Personal income.. _
75.8
61.8
46.3
15.5
59.4
15.3
II
III
IV
I'
Table 10.—Personal Income and Its Disposition (2.1)
79.5
2.7 - 2 . 2
2
.9
I
Billions of dollars
Billions of dollars
72.3
IV
1979
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Auto output.
1978
Other labor income.
Proprietors' income with inventory valuation and capital
consumption adjustments—
,529.0 1,708. 0 1,593. 0 1,,628. 9 1., 682.4 1,731.7 1,789. 0 1,836.0
983.6 1,100.9 1,021. 2 1,050.8 1,090.2 1,113. 2 1,149.4 1,185.3
343.7
266.3
239.1
200.1
390.2
299.9
268.9
225.8
357.1
277.3
247.5
208.5
365.9
286.9
257.0
216.5
387.0
296.1
266. 4
222.8
396.4
302.0
271.6
228.5
411.3
314.4
280. 4
235.4
426.8
327.2
290 3
2 2.9
200.8
216.1
208.1
211.4
213.9
216.
222. :\
225.3
90.4
105.9
96.1
100.0
104.0
107.9
111.8
115.9
99.8
113.2
107.3
105.0
110.1
114.5
123.0
123.4
Farm
Nonfarm.
Rental income of persons with
capital consumption adjustment-.
20.2
79.5
25.3
87.8
25.1
82.3
21.9
83.1
24.0
86.1
25.0
89.6
30.4
92.6
?0.6
02.9
22.5
23.4
22.7
22.8
22.2
24.3
24.4
24.7
Dividends.
43.7
49.3
46.3
47.0
48.1
50.1
51.9
54.0
--
Personal interest income
141.2
159.0
146.0
151.4
156.3
161.7
166.6
172.6
Transfer payments
208.8
226.0
215.9
219.2
220.6
230.4
233.9
239.0
105.0
117.4
110.1
113.7
121.1
122.7
124.8
12.5
13.8
8.9
13.6
11.5
13.7
10.4
13.8
8.5
13.5
8.7
13.3
8.1
13.
8.3
14.3
28.8
32.8
30.5
31.3
32.5
33.2
34.4
34.9
10.6
38.1
10.8
42.5
10.
39.4
10.
40.9
10.8
41.6
10.9
43.3
10.8
44.2
10.7
45.9
62.6
67.2
69.2
70.5
72.1
78.8
233.3
237.3
249.1
263.2
275.1
272.8
Old-age,
survivors, disability, and health insurance benefits
-.
Government unemployment
insurance benefits
Veterans benefits.
Government
employees
retirement benefits
Aid to families with dependent children.
.Other
Less: Personal contributions
for social insurance
61.0
Less: Personal tax and nontax
payments
226.0
256.2
Equals: Disposable personal
income.1,303.0 1,451.8 1,359.6 1,391.6 1,433.3 1,468.4 1,513.9 1,563.3
Less: Personal outlays
1,236.1 1,374.9 1,285.9 1,309.2 1,357.0 1,392.5 1,440.9 1,480.2
Personal consumption expenditures
--- 1,206.5 1,340.1 1,255.2 1,276. 1,322.9 1 356.9 1,403.9 1,442.2
Interest paid by consumers
to business.
33.8
28.6
31.5
29.8
!6.0
33.0
34.6
36. 9
Personal transfer payments
to foreigners (net) _. _
1.0
1.0
1.0
1.1
1.1
Equals: Personal saving
66.9
Addenda:
Disposable personal income:
Total, billions of 1972
dollars
Per capita:
Current dollars..
1972 dollars
Population (millions)
Personal saving as percentage of disposable personal
income
76.9
73.7
82.4
76.3
76.0
73.0
83.1
966.1
949.6 952.1
960.3
968.'
983.2
990.1
6,009
4,271
6,643
4,421
6,250
4,365
6,387
4,370
6,566
4,399
6,712
4,428
6,906
4,485
7,117
4, 508
216.9
218.5
217.5
217.9
218.3
218.8
219.2
219.6
5.1
5.3
5.4
5.9
5.3
5.2
4.8
5.3
SURVEY OF CUKRENT BUSINESS
10
1977
1977
1979
1978
rv
1978
I
II
June 1979
III
IV
I'
1977
1977
1978
I
IV
1978
Seasonally adjusted at annual rates
II
1979
III
IV
I'
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1972 dollars
Table 11.—Personal Consumption Expenditures by Major Type of Product in Current and Constant Dollars (2.3, 2.4)
1,206.5 1,340.1 1,255.2 1,276.7 1,322.9 1,356.9 1,403.9 1,442.2
Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal..
Other
Services
Housing
Household operation
Electricity and gas-_
Other
Transportation
Other
857.7
891.7
876.6
873.5
886.3
895.1
911.8
913.5
178.4
197.5
187.2
183.5
197.8
199.5
209.1
211.5
137.8
144.6
143.0
137.8
145.8
144.8
150.1
148.7
81.5
71.3
25.6
89.7
77.7
30.0
84.0
75.3
27.9
84.1
72.1
27.3
92.5
76.5
28.8
89.8
78.9
30.7
92.6
83.2
33.3
95.9
82.7
32.8
60.0
57.6
20.2
61.7
60.4
22.6
60.9
60.3
21.8
59.5
57.4
21.0
64.2
59.8
21.8
60.8
61.0
23.0
62.2
63.3
24.6
62.9
61.9
23.9
479.0
526.5
496.9
501.4
519.3
531.7
553.4
567.7
330.4
339.6
338.1
333.3
336.3
340.4
348.5
345.3
245.2
81.5
46.5
13.5
92.4
269.4
89.0
51.2
14.9
101.9
252.6
86.7
47.5
13.9
96.2
257.7
82.9
48.3
15.8
96.7
267.8
87.5
49.1
15.2
99.7
272.0
90.5
51.5
14.3
103.3
279.9
95.3
55.8
14.3
108.1
289.2
94.1
59.4
16.2
108.8
165.1
66.6
26.6
5.6
66.4
165.4
70.9
28.1
5.9
69.4
167.6
70.2
26.9
5.7
67.8
165.6
66.8
27.1
6.4
67.3
164.7
69.5
27.5
6.0
68.5
164.8
71.8
28.4
5.6
69.8
166.4
75.2
29.4
5.4
72.0
164.9
74.0
29.5
5.8
71.1
549.2
616.2
571.1
591.8
605.8
625.8
641.4
663.1
389.5
407.4
395.6
402.4
404.2
410.0
413.1
419.5
184.6
81.6
38.0
43.6
44.2
238.8
207.3
91.3
43.0
48.3
52.6
264.9
192.0
84.6
39.3
45.3
47.3
247.3
198.1
89.6
43.3
46.3
49.7
254.4
204.1
88.9
41.5
47.4
52.1
260.6
210.1
92.6
43.3
49.3
53.7
269.3
217.0
94.1
44.0
50.1
55.0
275.4
222.6
98.7
47.4
51.4
56.7
285.1
140.3
55.4
22.4
33.0
30.8
162.9
146.6
58.2
23.4
34.8
34.1
168.5
142.4
56.3
22.5
33.8
31.9
164.9
144.2
58.7
24.6
34.1
33.0
166.5
145.8
57.0
22.5
34.5
34.0
167.4
147.4
58.3
23.0
35.2
34.6
169.8
149.2
58.9
23.4
35.5
34.8
170.3
151.0
60.9
24.9
36.0
35.4
172.3
1978
1977
1977
1978
I
IV
II
1979
III
IV
1977
I'
1977
1978
Seasonally adjusted at annual rates
III
IV
I'
Seasonally adjusted at annual rates
Table 13.—-State and Local Government Receipts and
Expenditures (3.4)
374.5 431.4 385.5 396.2 424.7 441.7 463.1 470.7
Receipts...
Personal tax and nontax receipts.
Income taxes
Estate and gift taxes
Nontaxes.
169.4 193.2 174.8 176.8 186.7 199.7 209.7 208.3
62.1 187.8 169.2 171.3 181.3 194.4 204.1 202.7
5.2
5.4
5.4
5.5
5.2
7.2
5.3
5.4
.2
.2
.2
.2
.2
.2
.2
.2
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Excise taxes
Customs dutiesl
Nontaxes
Contributions for social insurance
61.3
71.6
62.9
59.6
72.6
73.6
80.6
76.2
25.0
17.5
5.4
2.1
27.9
18.5
7.1
2.3
25.6
17.9
5.5
2.2
26.5
17.9
6.3
2.2
27.9
18.4
7.2
2.3
28.2
18.6
7.2
2.3
28.8
18.9
7.4
2.5
29.2
19.1
7.4
2.7
118.7 138.7 122.2 133.3 137.6 140.1 144.0 157.1
422.6 461.4 444.1 448.8 448.3 464.5 483.8 487.7
Expenditures
Purchases cf gocds and servicesNational defense
Compensation of employees.
Military
Civilian..
Other
145.1 153.8 152.2 151.5 147.2 154.0 162.5 164.5
94.3 99.5 97.1 97.9 98.6 99.6 102.1 103.9
42.9 45.7 44.9 45.0 45.0 45.3 47.5 47.7
24.9 26.2 26.0 25.9 25.9 26.0 27.2 27.2
18.0 19.5 18.9 19.1 19.2 19.3 20.3 20.6
51.4 53.8 52.3 52.9 53.5 54.3 54.6 56.2
Nondefense
Compensation cf employees.
Other...
50.8
23.5
27.3
54.3
25.4
28.8
55.1
24.6
30.5
53.6
24.9
28.7
48.6
25.0
23.6
54.5
25.2
29.2
60.4
26.5
33.9
60.6
33.8
172.7 185.4 178.3 180.2 180.7 188.8 191.9 196.1
169.5 181.9 175.0 176.9 177.0 185.5 188.3 192.6
3.7
3.4
3.2
3.3
3.6
3.4
3.5
3.5
Transfer payments.
To persons
To foreigners
local
67.4
76.9
71.1
73.9
75.9
77.5
80.3
77.0
Net interest paid
Interest paid
To persons and business
To foreigners
__
Less: Interest received by Government.
29.1
35.3
29.8
5.5
6.2
35.5
43.1
34.4
8.7
7.6
30.7
37.0
30.4
6.6
6.3
33.2
40.2
32.3
7.9
7.0
34.6
42.3
33.7
8.5
7.7
36.3
44.0
35.6
8.4
7.7
38.1
45.9
36.1
9.8
7.8
41.2
49.5
38.5
11.0
8.3
Subsidies less current surplus of
Government enterprises
Subsidies
Less: Current surplus of Government enterprises
8.3
7.5
9.7
8.9
11.8
10.3
10.0
8.8
10.0
8.4
8.0
8.2
11.0
10.3
8.7
- . 8 - 1 . 4 - 1 . 2 -i.e
.2
-.7
-.9
Less: Wage accruals less disbursements
.2
Surplus or deficit (-), national
income and product accounts.. -48.1
II
1979
Billions of dollars
Table 12.—Federal Government Receipts and Expenditures (3.2)
Social insurance funds..
Other funds
I
IV
Billions of dollars
Grants-in-aid to State and
governments
1978
-.2
-29.9 -58.6 -52.6 -23.6 -22.8 -20.8 -16.9
9.2
1.9 - 3 . 5 - 1 . 5
-10.1 - 1 . 2 -11.5 - 1 . 7
-38.0 -28.7 -47.1 -50.9 -25.5 -19.3 -19.3 -26.1
2%. 2 328.1 307.9 315.7 327.4 329.2 340.1 339.9
Receipts..
Personal tax and nontax receipts.
Income taxes
Nontaxes..
Other
56.6
30.9
18.2
7.4
63.0
34.7
20.5
7.8
58.5
32.0
19.0
7.5
60.5
33.3
19.5
7.7
62.5
34.5
20.1
7.8
63.5
34.9
20.8
7.8
65.3
36.0
21.5
7.8
64.5
34.4
22.3
7.8
10.5 12.3 10.9 10.4 12.4 12.5 13.8 14.0
Corporate profits tax accruals...
Indirect business tax and nontax
140.0 150.4 144.6 146.8 151.5 149.5 153.8 157.1
accruals
_
63.9 71.4 66.7 67.7 70.6 72.2 75.0 76.8
Sales taxes
Property taxes
Other
_
Contributions for social insurance
Federal grants-in-aid
Expenditures
Purchases of goods and services
Compensation of employees
Other
62.3
13.7
63.6
15.4
63.5
14.3
64.3
14.7
65.8
15.1
61.6
15.6
21.7
25.5
22.8
24.1
25.2
67.4
76.9
71.1
73.9
75.9
62.7
16.1
63.6
16.7
26.1
26.7
27.4
77.5
80.3
77.0
266.6 299.7 278.9 284.2 297.7 305.8 311.3 312.4
248.9 280.2 260.3 265.2 277.6 285.8 292.0 293.9
141.5 155.4 146.4 1.51.1 154.1 157.0 159.4 162.6
107.4 124.8 113.9 114.1 123.5 128.8 132.7 131.2
29.7 33.4 30.9 32.0 33.1 34.1 34.4 34.7
Transfer payments to persons.
-6.5 -7.9 -6.8 -7.1 -7.3 -8.2 -9.1 -9.8
Net interest paid
13.2 14.8 14.1 14.4 14.7 15.0 15.3 15.7
Interest paid
Less: Interest received by govern19.6 22.8 21.0 21.5 22.0 23.1 24.5 25.5
ment
Subsidies less current surplus of gov-5.6 -5.9 -5.5 -6.0 -5.7 -5.9 -6.0 -6.4
ernment enterprises
.4
.3
.3
.3
.3
.3
.2
.3
Subsidies
Less: Current surplus of govern6.7
6.3
6.2
6.0
6.2
5.8
6.2
5.8
ment enterprises
Less: Wage accruals less disbursements.
0
Surplus or deficit (—), national
income and product accounts.. 29.6
Social insurance funds..
Other funds
18.0
11.5
0
28.3
21.2
7.1
0
29.0
19.1
9.9
0
0
0
0
0
31.5
29.8
23.4
28.8
27.5
20.5
9.3
21.6
1.8
22.9
5.9
23.7
3.8
19.9
11.5
1. Includes fees for licenses to import petroleum and petroleum products.
SURVEY OF CURRENT BUSINESS
June 1979
1977
1977
1978
IV
1978
I
11
1979
II
III
IV
1977
I'
1977
1978
Seasonally adjusted at annual rates
IV
I
Receipts from foreigners. 175.5
204.8
172.1
181.7 205.4
210.1
221.9
236.2
Exports of goods and services. _ _ 175.5
Merchandise
120.6
54.9
Other .
204.8
141.7
63.0
172.1
117.8
54.2
181.7 205.4
122.7 140.3
59.0 65.1
210.1
147.7
62.4
221.9
156. 3
65.6
235. 0
164.4
70.6
o
0
0
0
o
204.8
172.1
181.7 205.4
Imports of goods and services. _ 186.6
151.6
Merchandise
35.0
Other
216.8
176.3
40.5
195.2
158.5
36.7
205.8 210.9
167.5 171.5
38.3 39.4
4.2
1.0
3.2
4.5
1.0
3.5
4.3
.9
3.4
Transfer payments (net)
From persons (net)
From government (net)
Interest paid by government
to foreigners
Net foreign investment
5.5
8.7
6.6
4.3
1.0
3.3
7.9
4.8
1.1
3.7
8.5
0
0
1.1
210.1
221.9
236.2
220.8
179.9
40.9
229.5
186.2
43.3
238.7
193.3
45.4
4.3
.9
3.4
4.6
.9
3.6
4.6
1.1
3.5
8.4
9.8
11.0
Gross saving..
272.2
318.5
274.7
284.2 326.1
326.2
337.6
351.0
Gross private saving.
290.8
320.1
304.3
305.4 319.9
325.7
329.6
339.3
Personal saving
66.9
Undistributed
corporate
profits with inventory
valuation and capital
consumption adjustments. 28.7
Undistributed profits
58.4
Inventory valuation adjustment
-14.8
Capital consumption adjustment.
-14.9
Corporate capital consumption allowances with capital consumption adjustment
120.9
Noncorporate capital consumption allowances with
capital consumption adjustment
74.3
Wage accruals less disbursements
0
76.9
73.7
76.0
73.0
83.1
Government surplus or deficit
(—), national income and
product accounts
-18.6
Federal..
State and local.
Capital grants received by the
United States (net)
Gross investment..
Nonfarm
Durable goods
Nondurable goods . . . .
Manufacturing.
Durable goods.
Nondurable goods
..
Wholesale trade
Durable goods
Nondurable goods
.
Retail trade.
Durable goods
Nondurable goods
Final sales 2
-48.1
29.6
-
-14.8
-23.5
-24.9 -20.9 -28.4 - 4 0 . 4
18.1
-15.3
-16.1
-17.2 -19.3 -19.9 - 2 0 . 7
M anuf acturing
Durable goods
Nondurable goods
132.5
124.6
127.4
130.5
84.4
77.9
79.9
0
0
0
24.5
85.7
29.9
28.3
-58 6
29.0
0
0
276.9
320.4
279.5
1.8
4.8
219.2
140.9
78.3
225.9
146.5
79.4
232.0
150 7
81.2
239.0 248.3 263.0
156.7 16'? 4 172 8
82.4 85.8
90.2
85 9
56 1
29.8
90 9
59 6
31.4
94 2
61 9
32.3
96 4 101 6 107 4
64.3 67 5 70 5
32.1 34.1
36.9
89.9
41.1
48.8
94.3
42.9
51.3
97.5
43.9
53.6
99.0 103.4
44.3 46.4
54.8 57.0
106.1
48.0
58.0
43.3
43.3
44.8
45.9
47.4
49.4
604.1
78.3
.312
.273
.304
.266
.307
.267
.315
.275
316.1 318.1
320.8
.306
.267
307.6
310.7
313.9
40.6
40.5
40.2
267.0
155.4
111. 7
270.2
157.8
112.4
128.8 129.9
83 9 84.9
45.0
44.9
40.1
40.0
273.6
159.4
114.3
276. 0 278.0
160.9 162. 6
115.1 115.4
280.8
165.4
115.4
131.5
86.1
45.4
132.9 133.2
87.2 87.6
45.7 45.6
135.2
89.6
45.6
40.1
56.6
37.8
18.8
56.8
38.5
18.4
58.2
39.2
18.9
59.3
39.7
19.6
82.8
89.0
91.4
Retail trade
Durable goods
Nondurable goods
60.6
27.5
33.2
61.1
27.6
33.5
61.7
27.3
34.4
62.2
27.0
35.2
62.6
27.6
35.0
62.1
27.9
34.2
0
0
0
Other
23.9
23.4
23.9
24.1
24.1
24.2
6.2
.6
0
0
8.0
-20.8 -16.9
27.5
28.8
0
326.6
10.6
342.0
1.1
352.3
.5
.4
4.3
1.2
uarieuy loiajs ai annual rates.
le a small
quals ratio of nonfarm inventories to final sales of business. These sales includ
NOTE.—Table 16: Inventories are classified as durable or nondurable as follows: For manufacturing, b y the type of product produced by the establishment holding the inventory; for
trade, by the type of product sold by the establishment holding the inventory; for construction, durable; and for other nonfarm industries, nondurable. The industry classification is
based on the 1972 Standard Industrial Classification.
Table 17: The industry classification of compensation of employees, proprietors' income,
and rental income is on an establishment basis; the industry classification of corporate profits
and net interest is on a company basis. The industry classification of these items is based
on the 1972 Standard Industrial Classification.
480 4 500 7 525 8
280.3 291. 9 307.5
200.1 208.7 218.3
73.8
55.7
37.1
18.6
inventory SIOCKS, eacn vamea ai ena-oi-quarier prices, rue latter is ine cnange in ine pnysicaj
volume of inventories valued at average prices of the quarter. In addition, changes calculated
from this table are at quarterly rates, whereas CBI is stated at annual rates.
>-vf -fi «-* *-, 1 n ^ l Art Vv v T fr\ ««v> n
468 5
271.2
197.3
68.1
53.7
36.0
17.7
2
1,148.4 1,141.1 1,167.3 1,180.3 1,203.9 1,203.2
Ratio of inventories to
final sales
Nonfarm 3
.268
.233
.272
.237
.269
.234
.268
.234
.264
.231
.267
.233
Table 17.—National Income Without Capital Consumption
A d j u s t m e n t by Industry (6.4)
National income without capital consumption adjustment
1,554. 1,752.8 1,,619.
Domestic income..
Agriculture, forestry, and
fisheries
if
438 3 454 4
251.8 263.2
186.5 191.1
548.5 574.5
Wholesale trade
Durable goods
Nondurable goods
286.4 326.6
2.2
68.0
140.3
-52.6 -23.6 - 2 2 . 8
31.5 29.8
23.4
0
536.5
66.3
137.4
134.7
Final sales
0
4.7
.
24.4
30.3
78.6
520.7
60.3
.303
.266
Nonfarm
Durable goods
Nondurable goods
15.6
55.1
29.0
69.2
498.6
1,647.3 1,667.3 1,751.7 1,803.9 1,873.9 1,915.0
Inventories1
28.0
58.1
- 1 . 6 -29.6 -21.1
I'
Billions of 1972 dollars
26.3
68.8
30.3
72.4
.. ,.
Other
Farm
Gross private domestic investment
297.8 345.6 313.5 322.7 345.4 350.1 364.0 370.4
Net foreign investment
-20.9 -25.2 -34.1 - 3 6 . 3 -18.9 -23.5 -22.1 -18.1
Statistical discrepancy
Inventories'.
Farm.
Ratio of inventories to
final sales
Nonfarm 3
Table 15.—Gross Saving and Investment (5.1)
'6.3
IV
Table 16.—Inventories and Final Sales of Business in Current and
Constant Dollars (5.9, 5.10)
-20.9 -25.2 -34.1 -36.3 -18.9 -23.5 - 2 2 . 1 -18.1
82.4
III
Billions of dollars
Table 14.—Foreign Transactions in the National Income and
Product Accounts (4.1)
Payments to foreigners... 175.5
II
1979
Seasonally adjusted at annual rates
Billions of dollars
Capital grants received by the
United States (net)
1978
1,537.
44.6
3 1., 647. 2 1,735.2 ,779.8 1,849.1 1,894.9
1,733.4 1,603.4 1,629.0 1,714.1 1,761.1 1,829.3 1,872.2
52.3
50.6
47.9
50.7
58.3
59.7
101.6
118.9
123.3 128.0
128.4
469.4 492.9
178.3 184.9
291.1 308.0
512. 2
192.4
319.9
66.7
41.1
69.1
41.4
72.4
41.8
33.1
Mining and construction
100.4
118.0
104.2
M anufacturing
Nondurable goods..
Durable goods
408.9
161.7
247.2
464.2
176.7
287.5
428.7
166.6
262.1
432.5
167.6
265.0
461.9
176.0
285.9
58.4
35.0
65.9
40.1
61.3
36.6
61.3
38.6
66.5
39.3
Transportation
Communication.. _
Electric, gas, and sanitary
services
52.2
29.5
33.5
30.0
33.3
32.7
34.9
36.4
Wholesale and retail trade... 237.0
96.5
Wholesale..
140.5
Retail
----
263.7
106.9
156. 8
242.9
96.8
146.1
245.7
98.2
147.5
260. 0
105.5
154.5
270.5 278.6
110.4 113.7
160.1 164.9
277.9
113.2
164.7
177.9
213.1
202.0
240.3
185.5
222.0
189.9
231.0
196.6
236.8
207.2 214.5
243.0 250.3
218.5
259.0
!32.7
253.4
241.5
247.2
250.7
254.6 261.3
265.8
17.3
19.4
15.9
18.2
21.1
Finance, insurance, and real
estate
Services
Government and government enterprises
Rest of the world..
18.8
19.8
22.7
SURVEY OF CURRENT BUSINESS
12
1977
1978
1979
1978
1977
I
IV
II
June 1979
III
IV
1977
I'
1977
1978
IV
Seasonally adjusted at annual rates
159.5
148.2
132.6
163.4
165.2
176.6
168.7
Financial
Nonfinancial
49.6
24.7
124.9
140.3
21.6
118.7
123.2
22.3
100.9
151.7
23.9
127.8
156.1
25.5
130.6
167.5
27.1
140.4
157.3
26.4
130.9
Rest of the world
9.6
9.8
7.9
9.4
11.7
9.1
9.1
11.4
59.1
177.6
163.5
148.7
180.6
184.5
196.4
189.4
49.5
20.9
6.2
14.6
.67.7
25.1
7.7
17.4
155.6
21.9
6.4
15.5
139.2
22.7
6.9
15.7
168.9
24.3
7.3
17.0
175.4
26.0
8.0
18.0
187.4
27.6
8.7
18.8
178.0
27.0
8.8
18.2
Nonfinancial
Manufacturing. _
Nondurable goods
Food and kindred
products
Chemicals and allied
products..
Petroleum and coal
products
Other
L28.6
74.7
39.6
.42.6
85.0
41.8
133.7
80.2
41.1
116.6
69.8
37.0
144.6
87.8
41.7
149.4
87.1
42.5
159.8
95.2
46.0
151.0
97.1
48.2
5.7
5.7
5.7
4.3
5.4
6.6
6.6
8.2
8.6
8.2
8.1
8.3
8.2
12.8
12.9
13.8
13.7
13.8
13.4
10.4
14.3
14.4
13.7
14.6
13.2
15.8
13.8
Durable goods
Primary metal industries
Fabricated
metal
products
Machinery,
except
electrical
Electric and electronic
equipment...
Motor vehicles and
equipment
Other
35.1
43.2
39.1
32.8
46.1
44.6
49.2
1.8
4.2
2.4
1.2
5.1
5.0
5.6
6.1
4.0
4.3
4.2
3.2
4.3
4.7
5.1
4.8
7.1
8.3
8.5
6.4
9.2
7.4
10.1
8.1
3.9
4.9
4.4
4.3
4.8
5.8
4.8
9.5
8.8
9.6
11.9
9.1
10.5
7.9
9.7
10.8
11.9
10.2
11.7
9.4
14.3
4.9
12.2
12.9
Wholesale and retail trade.
Transportation,
communication, and electric, gas, and sanitary
services
__,
24.0
22.7
22.1
16.7
22.0
25.8
26.3
17.2
16.1
19.5
17.1
17.3
Other.
13.8
15.4
14.3
12.8
Financial
Federal Reserve banks
Other
Rest of the world.
Corporate profits before
deduction of capital
consumption
allowances with inventory
valuation adjustment.
Domestic industries
1
9.6
9.8
7.9
9.4
5.1
10.0
16.9
16.2
19.3
20.7
20.8
20.9
15.4
15.8
17.5
15.8
11.7
9.1
9.1
11.4
265.1
291.9
272.8
260.0
294.0
299.9
313.9
309.0
255.5
282.1
265.0
250.6
282.2
290.8
304.9
297.6
18.8
57.7
5.8
5.9
67.3
62.4
56.4
70.0
73.8
73.9
10.1
10.7
8.5
6.5
5.4
9.4
6.4
6.2
5.3
6.4
6.8
7.2
7.0
13.2
13.1
12.9
11.1
14.0
12.3
8.0
7.9
8.4
9.4
8.5
8.7
7.3
12.9
14.3
8.6
13.0
17.6
12.6
16.1
14.2
17.6
13.6
17.3
12.8
20.0
Wholesale and retail trade.
36.2
36.4
34.8
11.3
15.4
29.8
35.5
39.7
40.6
15.6
18.7
31.8
Transportation, commu
nication, and electric,
gas, and sanitary services
42.9
48.1
44.8
45.3
47.7
49.5
50.1
50.6
Other
31.8
34.4
32.6
31.4
34.4
35.0
36.9
35.6
9.6
9.8
7.9
9.4
11.7
9.1
9.1
11.4
Durable goods
Nondurable goods..
Services...
I'
11.5
140.7
150.3
143.2
146.2 149.3
151.6
154.0
157.9
129.5
145.0
141.0
136.5
155.0
151.2
130.9
147.0
144.4
133.1 135.7
150.4 154.4
147.1 149.9
137.8
156. 2
152.6
139.3
158.8
155.2
142.2
164.4
158.1
150.6
146.7
159.6
164.7
158.7
174.9
155.9
151.2
164.5
158.2 162.3
153.6 156.7
167.2 171.8
167.1
160.6
177.3
170.8
163.6
182.2
173.5
166.4
185.9
141.0
159.4
160.0
159.7
151.2
178.8
179.8
179.1
145.2
166.1
166.9
167.5
147.6
168.6
169.5
168.9
149. 6
175.7
17fi. 7
176.5
152.7
182.6
183.7
182.8
154.8
188.2
189.3
188.1
157.4
191.4
192.7
191.6
126.2
132.2
127 5
128.8 131.8
133.3
135.2
138.2
178.7
210.3
191.3
219.7
179.2
210.2
183.3 189.4
213.8 217.2
192.8
221.5
198.7
226.1
204.0
232.3
146.3
157.8
150.3
153.2 156.2
158.9
162.7
165.9
142.7
148.5
153.3
160.4
146.9
152.3
149.6 151.5
155.2 158.8
153.4
162.1
158.5
165.1
161.3
168.5
Gross private domestic investment
Fixed investment
Nonresidential
Structures
Producers' durable
equipment
Residential
Nonfarm structures
Farm structures
Producers' d u r a b l e
equipment
Change in business inventories...
Net exports of goods and services
Exports..
Imports..
Federal
State and local.
Table 20.—Fixed-Weighted Price Indexes for Gross National
Product, 1972 Weights (7.2)
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
143.3
149.0 152.9
158.9
162.6
153.4
156.0
160.1
139. 3
158.6
153.3
141.0
161.6
156.0
144.3
167.4
158.8
169. 7
163.0
173.5
173.7
166.1
178.3
177.0
169.4
182.3
151.1 154.0
168.6 175.5
157.0
182.3
159.1
188.0
162.0
191.3
185.2 190.9
209.5 211.0
194.6
215.0
200.1
220.3
205.2
227.0
151.0
153.4 156.4
158.9
162.9
166.2
149.6
152.0
151.4 153.1
154.9 158. 6
154.5
161.9
159.9
164.9
162.9
168.4
148.9
148.5
148.3
147.6
155.7
155.3
155.6
154.6
158.8
158.5
158.6
157.3
162.5
162.1
162.4
160.5
154.3
146.5
141.8
151.9
144.5
147.3 150.9
130.5
146.4
141.5
138.1
157.1
151.9
132.1
148.6
145.0
134.5 137.2
151.7 156.4
147.5 150.6
152.3
148.7
156.3
167.2
161.1
171.1
157.6
153.0
160.8
160.1 164. 9
155.5 159.2
163.3 168.1
144.3
159.2
155.4
178.6
148.5
166.1
181.3
199.0
193.3
213.0
181.7
203.5
146.8
158.0
144.9
148.1
154.7
160.2
143.3
142.8
142.9
142.9
154.2
153.8
153.9
153.2
146.4
146.0
145.9
145.7
155.8
Gross private domestic investment
Fixed investment
N onresidential
15.1
Rest of the world..
Personal consumption expenditures..
Government purchases of goods
and services
31.6
oO Q
33.3
Financial ..
27.2
28.1
26.0
30.7
29.8
8! 8
8.0
8.7
Federal Reserve banks...
6.4
7.0
6.2
7.8
7.3
24.1
23.6
24.6
Other
20.8
21.1
19.8
23.0
22.5
Nonfinancial
229.5 251.4 237.7 222.5 252.4 259.2 271.5 264.7
Manufacturing
118.6 132.4 125.5 116.0 134.8 134.9 143.9 146.7
72.8
70.1
Nondurable goods
... 60.9 65.1 63.2 59.6 64.8
66.1
Food and kindred
9.2
10.6
9.4
9.3
8.1
products
9.2
10.6
Chemicals and allied
16.4
16.0
13.7
products
13.5
13.7
14.2
14.5
14.2
Petroleum and coal
24.3
23.0
17.2
19.3
20.5
products
20.8
21.4
21.7
20.4
22.9
20.6
20.2
Other
19.5
20.0
19.6
Durable goods
Primary metal in
dustries
._
Fabricated
metal
products
Machinery,
except
electrical
Electric and electronic
equipment
Motor vehicles and
equipment
Other
IV
Gross national product... 141.61 152.09 144.56 147.10 150. 98 153.52 156.56 159.94
44.2
Domestic industries
1
III
Table 19.—Implicit Price Deflators for Gross National Product (7.1)
[34.6
20.7
L13.9
Corporate profits with
inventory
valuation
adjustment and without capital consumption adjustment
II
Index numbers, 1972=100
Table 18.—Corporate Profits by Industry (6.18)
Domestic industries..
1
I
1979
Seasonally adjusted
Billions of dollars
Corporate profits with
inventory
valuation
and capital consumption adjustments
1978
Structures
Producers' durable
equipment
Residential
Change in business inventories
Net exports of goods and serv-
Exports
ImDorts
Government purchases of goods
and services
Federal
State and local
Addenda:
Final sales
Gross domestic product
Business
Nonfarm
152.8
152.5
152.6
151.4
1 Consists of the following industries: Banking; credit agencies other than banks; security;
commodity brokers and services; insurance carriers; regulated investment companies; small
business investment companies; and real estate investment trusts.
N 0 T E . Table 18: The industry classification is on a company basis and is based on the
1972 Standard Industrial Classification.
SUKVEY OF CUKKENT BUSINESS
June 1979
1977
1977
1978
IV
II
III
IV
I'
1977
1978
IV
Table 21.—Implicit Price Deflators for Gross National Product by
Major Type of Product (7.3)
141.61 152.09 144.56 147.10 150.98 153.52 156.56 159.94
141.4
152.1
144.4
147.2
150.9
153.5
156.5
160.1
136.8
145.9
138.6
140.9
145.3
147.2
149.8
153.7
Final sales
136.3
Change in business inventories
Durable goods__ . _ _ __ 134.5
134.3
Final sales
Change in business inventories
145.8
138.2
141.0
145.1
147.1
149 6
153 9
Goods
Nondurable goods Final sales . _
Change in business inventories
Services
Structures
__
142.0
141.5
136.2
136.1
137.9
137.3
141.0
140.3
143.5
143.0
II
III
IV
I'
Index numbers, 1972=100
Index numbers, 1972=100
Gross national product- .
I
1979
Seasonally adjusted
Seasonally adjusted
Final sales
Change in business inventories
1978
1977
1979
1978
I
13
145. 2
145.0
149.5
148.8
Table 24.—Implicit Price Deflators for Net National Product and
National Income by Sector (7.7)
Net national product
Net domestic product
Business .
Nonfarm
Farm
Residual
Households and institutions.
Government
148.7
148.8
140.3
139.6
143.0
143.5
148.5
148.5
149.8
150.0
153.2
153.0
157.0
157.6
143.1
158.1
153.5
175.7
146.6
164.1
149.4
166.7
152.2
172.7
154.6
178.6
157.7
183.9
160.8
187.7
150.8
143.4
145.9
149.8
152.1
155.1
158.6
140.0
150.2
142.9
145.3
149.2
151.5
154.5
157.8
139.4
139.9
143.3
149. 6
149.4
181.7
142.1
142.6
145.4
144.4
144.6
163.0
148.6
148.3
192.6
151.1
151.0
179.2
153.9
153.6
192.4
157.3
156.5
223 9
148.3
141.3
160.5
151.4
151.1
145.5
157.1
147.9
159.2
149.9
161.0
151.9
164. 5
155.8
169.2
158.4
142.3
153.4
145.6
148.1
152.2
154.9
158.3
161.6
141.6
152.7
145.0
147.4
151.5
154.3
157.6
160.8
141.4
141.7
129.2
152.6
152.2
168.0
144.6
144.8
141.2
146.8
146.7
150.8
151.3
150. 7
176.1
154.3
154.1
163.2
157.6
156.9
182.1
160.8
159.8
200.3
148.3
141.3
160.5
151.4
151.1
145.5
157.1
147.9
159.2
149.9
161.0
151.9
164.5
155.8
169.2
158.4
Rest of the world
National income
Domestic income
138. 5
137.7
140.6
Business . _ __
Nonfarm
Farm
Households and institutions.
Government
Rest of the world
Table 22.—Implicit Price Deflators for Gross National Product by
Sector (7.5)
Gross national product- _ 141.61
141.1
Gross domestic product
152.09 144.56 147.10 150.98 153.52 156.56 159.94
151.6
144.1
146.6
150.4
153.0
156.0
159.3
Business
Nonfarm_
Nonfarm less housing
Housing .
Farm
Residual
Households and institutions-
140.8
141.1
142.6
128.7
146.7
151.2
151.0
152.6
137.6
177.9
143.6
144.0
145.4
131.6
149.4
146.0
146.0
147.5
133.9
163.2
150 1
149.8
151. 3
136.3
184.7
152.8
152. 7
154.3
138.7
176.6
155 7
155.3
157.0
141.4
187.1
159 0
158. 2
160.0
143.0
209.7
148.3
160.5
151.1
157.1
159.2
161.0
164.5
169.2
Government
Federal
State and local
141.3
136.4
143.8
151.4
145.5
154.2
145.5
142.5
146.9
147.9
143.3
150.2
149.9
143.5
152.9
151.9
144.0
155.8
155.8
151.3
158 0
158.4
152.8
161 2
Rest of the world
Table 23.—Implicit Price Deflators for the Relation of Gross
National Product, Net National Product, and National Income
(7.6)
Gross national product_
Less: Capital consumption
allowances with capital consumption adjustment
164.4
155.6
158.4
162.2
166.9
170.2
173.1
Equals: Net national product- _ 140.6
150.8
143.4
145.9
149.8
152.1
155.1
158.6
Equals: National income -
Producers' durable equipment
New autos
Net purchases of used
Exports
Imports
Government purchases of
goods and services
130.9
140.3
134.3
136.4
139.4
141.8
143.4
146.1
131.2
139.9
133.8
135.9
138.6
142.0
142.9
146.9
139.0
128.6
149.7
138. 5
141.3
132.2
145.3
135.0
147. 7
137.5
152.3
140.3
153.6
141.0
156.9
144.8
114.9
128.6
127.4
138.5
123.0
132.2
124.5
134.9
126.8
137.5
129.5
140.3
128.6
140.9
131.3
144.9
128.9
154.2
137.5
177.3
132.2
163.6
133.0
172.4
135.3
175.4
140.5
180.0
141.4
180.8
145.0
181.9
126.0
139.6
134.3
135.9
137.8
142.0
143.8
145.3
128.6
128.6
138.3
138.5
132.2
132.3
134.7
135.0
137.3
137.5
140.4
140.4
140.9
141.0
144.7
144.9
Change in business inventories of new and used
Addenda:
Domestic output of new
autos '
Sales of imported new autos 3_-
Table 26.—Implicit Price Deflators for Personal Consumption
Expenditures by Major Type of Product (7.11)
Personal consumption
expenditures
130.9
142.3
134.1
153.4
129.8
145.6
132.9
148.1
135.1
152.2
134.1
154.9
134.3
158.3
138.4
161.6
r
Revised.
1. Consists of final sales and change in business inventories of new autos produced in the
United States.
2. Consists of personal consumption expenditures, producers' durable equipment, and
government purchases.
uct sold by the establishment holding the inventory; for construction, durable; and for other
industries, nondurable.
Tables 22 and 24: T h e industry classification within the business sector is on an establishment basis and is based on the 1972 Standard Industrial Classification.
Auto output
Final sales
Personal consumption expenditures
New autos
_
Net purchases of used
141.61 152.09 144.56 147.10 150.98 153.52 156.56 159.94
151.5
Less: Indirect business tax
and nontax liabilityplus business transfer
payments less subsidies plus current surplus of government
enterprises
Residual
Table 25.—Implicit Price Deflators for Auto Output (7.9)
Durable goods
Motor vehicles and parts
Furniture and household
equipment
Other
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
Services
Housing
Household operation
Electricity and gas
Other
Transportation
Other
150.3
143.2
146.2
149.3
151.6
154.0
157.9
129.5
136.5
130.9
133.1
135.7
137.8
139.3
142.2
135.8
145.5
137. 9
141.3
144.0
147.8
148.9
152.6
128.7
132.9
124.7
128.2
125.7
130.1
128.0
132.1
129.5
133. 5
131.4
135. 4
133.6
137.4
140.7
123.8
126.9
145.0
155.0
147.0
150.4
154.4
156.2
158.8
164.4
148.5
122.3
174 4
239.4
139.0
162.9
125.7
182 1
253.8
146.9
150.7
123.5
176.8
244.8
142.0
155. 6
124.0
178.2
247.2
143.7
162.6
125.9
178.4
252.1
145.5
165.1
126.0
181.7
254.5
148.0
168.2
126.6
189.7
262.6
150.1
175.3
127.1
201.5
279.1
153. 0
141.0
151.2
144.4
147.1
149.9
152.6
155.2
158.1
131.5
147.2
169.5
132.1
143.3
146.6
141.4
156.9
184.0
138.7
154.3
157. 2
134.8
150.1
174.1
134.1
148.2
150.0
137.3
152.7
176.1
135.8
150.7
152.8
140.0
156.0
184.2
137.6
153.3
155.7
142.6
158.9
187.9
140.0
155.4
158.6
145.5
159.8
188.0
141.2
157.8
161.7
147.4
162.1
190.3
142.7
160.3
165.5
SUEVEY OF CUERENT BUSINESS
14
1977
1977
1978
IV
1978
I
II
June 1979
1977
1979
III
IV
I'
1977
1978
IV
1978
I
II
Percent
Percent at annual rate
Table 27.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
Deflator, and Price Indexes (8.9)
Gross national product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted
price
index
_
11.0
4.9
5.9
6.2
11.7
4.0
7.4
7.5
8.9
3.2
5.5
6.5
7.1
-.1
7.2
7.1
20.6
8.7
11.0
10.8
9.6
2.6
6.9
7.6
15.6
8.2
8.1
9.8
.8
8.9
9.4
6.3
7.6
6.8
7.0
11.0
7.6
8.4
9.7
10.7
4.7
5.7
5.9
5.9
11.1
4.0
6.8
7.0
7.1
14.1
9.0
4.7
5.0
5.0
7.0
-1.4
8.6
7.7
7.9
15.3
6.0
8.7
10.0
10.2
10.7
4.1
6.4
6.7
6.7
14.6
7.6
6.5
69
7.1
11.4
.7
10.5
10.3
10.9
Durable goods:
Current dollars
1972 dollars
Implicit price deflator...
Chain price index
Fixed-weighted
price
index
13.9
9.4
4.1
4,3
10.7
5.0
5.5
5.6
24.1 - 7 . 7
19.0 -13.7
7.0
4.3
7.2
4.4
35.1
25.2
8.0
8.2
3.4
-2.8
6.4
6.3
20.8
15.6
4.5
5.0
4.6
-3.8
8.6
9.4
4.4
5.8
4.7
7.5
8.4
6.4
4.9
9.7
Nondurable goods:
Current dollars
1972 dollars
Implicit price deflator...
Chain price index
Fixed-weighted
price
index
__
8.2
3.2
4.9
4.9
9.9
2.8
6.9
7.2
15.1
11.2
3.6
3.9
3.7
-5.5
9.8
8.4
15.0
3.6
11.0
12.5
9.9
5.0
4.7
5.8
17.4
10.0
6.8
7.5
10.7
-3.7
14.9
14.3
5.0
7.3
3.9
8.6
12.8
5.9
7.8
15.0
Services:
Current dollars
1972 dollars.
Implicit price deflator...
Chain price index
Fixed-weighted
price
index
11.8
4.4
7.2
7.2
12.2
4.6
7.3
7.3
10.1
3.9
6.0
6.2
15.3
7.0
7.7
7.3
9.8
1.9
7.8
8.4
13.9
5.9
7.6
7.6
10.3
3.1
7.1
7.1
14.2
6.3
7.5
7.3
7.3
8.4
7.6
7.2
Personal consumption expenditures:
Current dollars
1972 dollars
Implicit price deflator
Chain price index.
Fixed-weighted price index..
Gross private domestic investment:
Current dollars
1972 dollars
_
Implicit price deflator
Chain price index.
Fixed-weighted price index..
7.3
22.6
13.2
7.4
16.0
7.3
6.2
5.1
-2.9
12.2
11.3
31.3
15.2
5.5
-5.1
III
IV
I'
Seasonally adjusted
Seasonally adjusted
Percent
1979
16.9
5.8
Percent at annual rate
Table 27.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
Deflator, and Price Indexes (8.9)—Con.
Exports:
Current dollars
1972 dollars
Implicit price deflator.
Chain price index
Fixed-weighted price index..
7.5
2.4
5.1
5.0
5.2
Imports:
Current dollars
1972 dollars
Implicit price deflator.
Chain price index
Fixed-weighted price index..
Government purchases of
goods and services:
Current dollars...
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index..
16.7 -18.0
9.0 -17.6
7.0
-.5
-.2
6.8
-.4
6.6
24.3
13.7
9.4
8.5
8.1
63.4
43.3
14.0
13.7
12.9
9.5
1.9
7.4
7.4
7.9
24.4
10.3
12.7
12.1
11.8
26.0
13.5
11.0
10.1
10.5
19.8
10.2
8.7
7.5
7.8
16.1
11.2
4.5
6.7
7.0
16.8
22.8
-4.9
2.6
3.1
23.4
15.2
7.1
12.3
12.3
10.3
3.7
6.4
3.7
2.9
20.2
11.2
8.2
7.7
7.9
16.6
7.3
8.7
9.9
10.2
17.1
5.2
11.3
12.6
12.7
9.6
2.4
7.0
7.0
7.0
10.1
2.2
7.8
7.5
7.6
13.7
4.2
9.0
9.5
10.2
4.1
-3.5
7.9
7.3
6.6
7.9
-.2
8.2
7.5
7.8
15.0
7.2
7.2
6.9
6.7
14.1
4.0
9.7
10.0
10.4
3.4
-4.3
8.1
8.5
8.3
Federal:
Current dollars
1972 dollars
Implicit price deflator...
Chain price index
Fixed-weighted
price
index
11.7
5.2
6.2
6.3
6.0
-1.3
7.4
7.0
15.7
2.9
12.4
14.2
- 2 . 0 -10.9
-8.9 -15.3
7.6
5.2
5.0
6.1
20.0
14.3
5.0
4.4
23.9
8.8
13.9
14.8
5.1
-2.2
7.5
7.8
6.5
6.8
14.7
4.9
4.5
3.9
14.6
7.7
State and local:
Current dollars
1972 dollars..
Implicit price deflator...
Chain price index
Fixed-weighted
price
index.
8.4
.8
7.5
7.4
12.6
4.2
8.0
7.8
12.5
5.1
7.1
6.9
7.8
-.1
8.0
8.0
19.9
9.6
9.5
9.0
12.4
3.4
8.6
8.3
9.0
1.3
7.6
7.5
2.5
-5.5
8.4
7.3
8.1
7.4
7.8
10.0
8.6
7.7
8.7
10.8
4.7
5.8
6.2
11.8
3.9
7.6
7.5
11.0
4.7
6.0
6.6
6.4
-1.6
8.0
7.0
20.0
8.6
10.5
10.8
11.1
3.7
7.1
7.5
15.7
7.2
8.0
8.1
9.5
.1
9.4
9.3
7.4
Addenda:
7.2
3.7
Final sales:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price
dex
in6.3
7.6
6.9
7.0
11.0
7.6
8.3
9.6
Gross domestic product:
Current dollars...
1972 dollars....
Implicit price deflator
Chain price index
Fixed-weighted price index..
10.9
4.8
5.8
6.1
6.3
11.7
4.0
7.4
7.5
7.7
9.5
3.5
5.8
6.7
7.0
6.7
-.4
7.1
7.1
7.0
20.1
8.3
10.9
10.9
11.0
10.2
3.0
7.0
7.5
7.6
15.5
6.9
8.1
8.1
8.4
9.3
Fixed investment:
Current dollars
1972 dollars
Implicit price deflator...
Chain price index
Fixed-woighted
price
index
21.3
12.4
7,9
7.8
16.8
6.7
9.4
9.6
18.8
7.1
11.0
10.8
7.5
1.2
6.2
6.5
27.8
15.3
10.8
11.9
14.4
2.0
12.2
12.1
17.7
7.8
9.2
9.3
5.3
-1.0
6.3
7.8
8.2
9.8
10.9
6.5
12.5
12.3
9.7
7.9
Nonresidential:
Current, dollars
1972 dollars
Implicit price deflator...
Chain price index
Fixed-weighted
price
index
15.7
9.1
6.0
6.2
16.9
8.1
8.2
8.3
14.8
5.3
9.0
8.8
11.1
4.2
6.7
6.7
31.2
21.3
8.2
9.2
14.3
3.5
10.4
10.0
18.0
9.5
7.8
7.5
12.2
4.9
6.9
8.0
Business:
Current dollars
1972 dollars
Implicit price deflator...
Chain price index._
Fixed-weighted
price
index
11.3
5.4
5.6
6.0
11.9
4.2
7.4
7.6
8.6
3.5
5.0
6.1
5.8
-.8
6.7
6.7
22.5
9.5
11.9
11.8
10.7
3.2
7.3
7.9
16.3
7.9
7.8
7.8
9.4
.6
8.8
9.5
6.2
7.7
6.3
6.7
12.1
8.0
8.0
9.9
6.3
8.4
8.6
6.7
9.7
10.0
7.7
Structures:
Current dollars
1972 dollars
Implicit price deflator.
Chain price index
Fixed-weighted price
index
_
_.
11.4
4.4
6.7
6.5
21.8
11.1
9.6
9.6
13.4
2.0
11.1
9.2
6.3
-.3
6.6
5.9
56.5
40.3
11.5
12.4
24.4
9.8
13.3
13.7
22.5
9.8
11.5
11.9
3.1
-4.9
8.5
9.1
Nonfarm:
Current dollars
1972 dollars
Implicit price deflator.
Chain price index
Fixed-weighted price
index
11.4
5.2
5.9
6.2
12.1
4.7
7.0
7.1
7.9
3.6
4.1
5.1
7.0
1.1
5.8
5.4
22 9
11.1
10.6
10.7
10.6
2.3
8.0
8.5
14.7
7.0
7.2
7.2
9.6
1.9
7.5
8.1
6.4
7.2
5.3
5.3
10.8
8.7
7.3
8.3
9.4
8.9
6.2
12.5
13.4
11.6
9.3
10.0
4.1
11.4
4.3
12.9
7.8
9.8
1.1
12.5
3.5
10.2
3.6
13.0
6.1
13.7
2.8
Producers'
durable
equipment:
Current dollars
_.
1972 dollars
Implicit price deflator.
Chain price index
Fixed-weighted price
index
_
17.9
11.4
5.8
6.0
14.5
6.7
7.3
7.6
15.6
6.8
8.2
8.6
13.6
6.2
6.9
7.2
19.8
13.6
5.5
7.6
9.1
.7
8.3
8.0
15.5
9.3
5.7
5.1
17.5
9.9
6.9
7.4
6.3
7.7
8.4
7.1
8.0
7.9
5.3
7.6
Residential:
Current dollars
1972 dollars
Implicit price deflator...
Chain price index
Fixed-weighted
price
index
34.8
20.5
11.8
11.8
16.4
12.2
12.2
27.3
11.1
14.6
15.1
.5
-5.2
6.0
6.1
21.0
2.7
17.9
17.6
14.9
-1.6
16.7
16.7
11.8
12.2
14.9
6.2
17.5
16.4
17.3 - 7 . 9
4.0 -14.1
7.2
12.8
7.3
13.1
13.1
7.3
Disposable personal income:
Current dollars
1972 dollars
r
8.7
9.3
Revised.
NOTE.—Table 27: The implicit price deflator for GNP is a weighted average of the detailed
price indexes used in the deflation of GNP. In each period, the weights are based on the
composition of constant-dollar output in that period. In other words, the price index for each
item is weighted by the ratio of the quantity of the item valued in 1972 prices to the total
output in 1972 prices. Changes in the implicit price deflator reflect both changes in prices and
changes in the composition of output. The chain price index uses as weights the composition
of output in the prior period, and, therefore, reflects only the change in prices between the
two periods. However, comparisons of percent changes in the chain index also reflect changes
in the composition of output. The fixed-weighted price index uses as weights the composition
of output in 1972. Accordingly, comparisons over any timespan reflect only changes in prices
By JOHN T. WOODWARD
Plant and Equipment Expenditures,
the Four Quarters of 1979
CHART 5
Plant and Equipment Expenditures
Billion $ (Ratio scale)
200
ALL INDUSTRIES
150
B,
I 11 i I 11 i 111 i I 11 11 11 i 11 i 111 i 111 11 11 11 11 i i
60
50
MANUFACTURING
40
—
30
-
Nondurablesv
A
20
Durables
_
f
15
I , M I , M I M , I, M I, M L M L , ,
10
till t i i f f t t 111
6 0
COMMUNICATION AND COMMERCIAL
50
40
30
Pfl I I I I I I I I I I I I I I I I I I I I I I I I I ! I I I I [ I I I I I I I I , I I
50
PUBLIC UTILITIES
40
30
20
15
10
15
M . I . M I M . I I M I . I . I M . I M . I . M I M . I M
TRANSPORTATION INCLUDING RAILROAD
10
8
, l .
BUSINESS plans to spend $173.3
billion for new plant and equipment in
1979, according to the BEA survey
conducted in late April and May, 12.7
percent more than expenditures last
year (table I). 1 Expenditures increased
13.3 percent in 1978 and 12.7 percent
in 1977.
In the first quarter of 1979, spending
increased 1.2 percent from the fourth
quarter of 1978 to a seasonally adjusted
annual rate of $165.9 billion, after a
sharp increase—5.5 percent—in the
fourth quarter of 1978. Business plans
2.6-percent increases in the second and
third quarters of this year, and a
3.6-percent increase in the fourth.
The planned spending increase for
1979 reported in the latest survey is 1.4
percentage points higher than the 11.3
percent reported in the survey 3 months
earlier. Actual spending in the first
quarter was 1 percent higher than plans
reported earlier. Planned spending for
the second quarter is about 1% percent
higher than reported earlier and that for
the second half of the year is 1 percent
higher.
The accelerating rates of increase in
planned investment for the remaining
quarters of this year are consistent with
several other measures that serve as indicators of future investment activity.
Starts of new projects and capital appropriations in manufacturing, and new
orders for nondefense capital goods
showed sizable advances in the fourth
quarter of 1978 and the first quarter of
,, , l l ! I l l , 1 I I I I I M I I I I i l l M I , ! , I , I , 1 , , , l l , , 1. Plans have been adjusted for biases (table 5, footnote 2).
The adjustments were calculated for each industry. Before
1969
71
73
75
77
79
adjustment, plans for 1979 were $79.88 billion for manufacSeasonally A d j u s t e d at A n n u a l Rates
turing and $95.62 billion for nonmanufacturing. The net
o Planned
effect of the adjustments was to lower manufacturing $2.27
U.S. Department of Commerce, Bureau of Economic Analysis
billion and to raise nonmanufacturing $0.10 billion.
1979. It should be noted that these
measures were obtained before the recent slowdown in economic activity,
which is discussed in the "Business
Situation," became evident.
The upward revision in 1979 spending plans was primarily in nonmanufacturing industries. The largest revisions were reported by "other transportation," airlines, and commercial
firms. Mining, electric utilities, and
Table 1.—Expenditures for New Plant and
Equipment by U.S. Business: Percent
Change From Preceding Year
1979 Planned
as reported in—
1978
Actual
All industries
Manufacturing
Durable goods
1
Primary metals
Blast furnaces, steelworks. _
Nonferrous metals
Electrical machinery
Machinery, except electrical-Transportation equipment L Motor vehicles
Aircraft
Stone, clay, and glass
Other durables
Nondurable goods
Food including beverage
Textiles
Paper
Chemicals
Petroleum
Rubber
Other nondurables
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other
February
May
13.3
11.3
12.7
12.4
14.7
14.8
14.0
19.5
16.9
3.4
—8.1
9.6
11.3
19.9
7.6
14.1
8.7
15.1
21.3
9.2
25.3
25.4
23.0
19.4
20.2
14.6
48.6
20.3
16.8
31.1
20.9
16.1
36.1
23.9
16.0
17.8
17.7
10.5
12.0
11.0
10.4
12.9
16.6
13.4
3.0
4.0
4.6
1.8
30.2
13.7
4.5
4.5
39.9
16.9
11.7
20.2
25.8
5. 5
4.8
24.6
7.8
6.1
21.1
13.9
8.6
11.1
6.3
18.5
42. 5
—3.0
6.4
17.4
17.1
14.3
10.4
14.0
23.7
24.6
14.3
14.8
11.4
9.9
10.2
8.4
11.1
11.8
7.6
17.5
11.9
6.2
6.8
ii!o
1. Includes industries not shown separately.
15
7.2
SUEVEY OF CUEEENT BUSINESS
16
sonally adjusted annual rate of $71.6
billion; this decline, which was in the
nondurable goods industries, followed
an 8-percent increase in the fourth
quarter. Increases of 7 percent, 4}£
percent, and 2}i percent are planned for
the second, third, and fourth quarters;
the planned increases are about equal
in durables and nondurables industries.
Planned spending for the year 1979,
$77.6 billion, is 15 percent higher than
in 1978; this compares with an actual
spending increase last year of 12% percent. Durables industries plan an increase this year of 17 percent, and nondurables industries, 13 percent. In
durables, the largest increases are in
aircraft (36 percent), electrical machinery (23 percent), and nonelectrical
machinery (19% percent). Sizable increases are also planned in motor
vehicles (16 percent) and nonferrous
metals (15 percent). In nondurables,
communication firms also revised their
plans upward. In manufacturing, upward revisions in paper, textiles, chemicals, petroleum, nonferrous metals, and
aircraft were offset by downward revisions in iron and steel, nonelectrical
machinery, stone-clay-glass, "other durables," and "other nondurables."
Neither actual nor planned expenditures reported in the surveys are adjusted for price change. Captial goods
prices, as measured by the implicit price
deflator for fixed nonresidential investment in the national income and product accounts, rose 8 percent in 1978,
indicating that real spending rose 5 percent. If spending plans reflect expectations of a similar price rise this year, a
rise in real spending of 4}£ percent is
indicated.
Manufacturing Programs
Manufacturers' spending declined 2%
percent in the first quarter, to a sea-
June 1979
the largest increases are in paper (40
percent), "other nondurables" (21 percent), and chemicals (17 percent).
Starts and carryover of projects
New investment projects started by
manufacturers during the first quarter
totaled $22 billion (seasonally adjusted), 10 percent higher than in the
fourth quarter of 1978 (table 2 and
chart 6). Starts increased 12 percent
in durables industries and 9 percent in
nondurables industries. Large increases
were reported by primary metals,
CHART 6
Starts and Carryover of Investment
Projects
Billion $ (Ratio scale)
-MANUFACTURING
Table 2.—Starts and Carryover of Plant and Equipment Projects, Manufacturing and
Public Utilities
[Billions of dollars]
Carryover 2
Starts!
Expenditures
1976
Manufacturing
Durable goods 3
Primary metals
Electrical machinery
Machinery, except electrical
Transportation equipment'
Stone, clay, and glass
Nondurable goods 3..
Food including beverage
Textiles
Paper
Chemicals
Petroleum
Public utilities..
51.05
1977
1978
1978
66.73 72.44 16.96
1979
II
III
18.62
16.37
IV
20.50 21.43
24.30 30.43 34.92
8.08
8.96
8.33
9.57
10.26
6.02
4.26
6.79
7.82
3.17
1.22
1.10
1.55
1.57
.87
1.48
1.06
1.78
2.27
.78
1.59
.91
1.60
1.94
.71
1.73
1.19
1.85
2.03
.82
2.00
1.31
2.19
2.03
.91
26.76 36.30 37.52
8.88
9.67
8.04 10.93
3.89 4.41
4.96
.96
1.05
.90
3.38
4.14
2.94
5.22 6.98 7.04
10.93 16.04 16.57
1.22
.31
.84
1.55
4.02
1.14
.27
.70
1.79
4.59
1.16
.20
.73
1.79
3.10
4.83
3.37 13.18
5.18
3.04
5.42
3.87
1.83
5.43
3.62
6.19
6.32
2.33
29.66 32.54 34.93 13.55
1.44
.27
1.12
1.91
4.87
11.16
1.53
.24
1.53
2.06
4.81
1979
1978
Mar.
June
Sept.
Dec.
46.10
47.96
47.44
47.54
53.08
20.17
21.33
21.69
21.72
24.45
150
100
Mar.
6.05
2.47
3.12
3.37
1.78
6.07
2.62
3.31
4.02
1.96
6.16
2.51
3.34
4.36
2.06
6.09
2.38
3.43
4.52
2.13
2.74
4.03
4.99
2.42
25.94
26.63
25.75
25.82
28.63
2.73
.47
3.05
6.24
11.65
2.60
.46
2.97
6.28
12.34
2.60
.39
2.80
6.31
11.60
2.65
.41
2.80
6.10
11.64
3.04
.41
3.41
6.50
12.99
122.36 120.05 115.99 120.40
121.60
17.41 18.10 16.96 19.97 21.98
Durable goods3
_.
Primary metals
Electrical machinery
Machinery, except electrical
Transportation equipment4Stone, clay, and glass
8.35
1.21
1.17
1.61
1.56
9.04
1.67
1.19
1.73
2.12
.78
8.29
1.57
.90
1.63
1.95
.62
Nondurable goods 3
9.06
9.06
8.67 10.58
1.35
.29
1.77
3.95
1.10
.26
.72
1.59
4.34
1.07
.20
.76
1.79
3.66
7.98
7.78
4.40 14.00 3.27
Food including beverage.
Textiles
Paper
Chemicals
Petroleum
Public utilities
PUBLIC UTILITIES
80
20
Seasonally adjusted
Manufacturing
200
10.48
1.52 2.04
1.02 1.36
1.83 2.26
1.91
2.34
1.00
.84
1.43
.28
1.06
1.93
4.51
11.50
1.66
.24
1.51
2.21
4.90
45.91 47.22
47.23
48.80
52.89
20.02
5.94
2.40
3.12
3.36
1.81
21.21
6.11
2.63
3.24
3.93
1.99
21.44
6.19
2.51
3.29
4.25
1.98
22.32
6.14
2.44
3.56
4.78
2.16
24.31
25.89
26.00
25.79
26.47
28.58
2.73
.47
3.01
6.34
11.55
2.61
.45
2.92
6.17
11.98
2.57
.39
2.80
6.20
11.80
2.68
.42
2.90
6.23
11.88
3.04
.41
3.36
6.61
12.87
119.02 119.69 117.05 123.11
118.29
6.72
2.66
4.02
4.97
2.46
10
II
1. Starts are estimated b y 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 the end of
the period.
3. Includes industries not shown separately.
4. Includes guided missiles and space vehicles.
, I , . • I • . • I ! I • I • • I I I
1969
'yDy
Seasonally Adjusted
'
* Carryover as of end of period
U.S. Department of Commerce, Bureau of Economic Analysis
79
June 1979
SUEVEY OF CURRENT BUSINESS
stone-clay-glass, chemicals, and paper.
A large decrease was reported by transportation equipment.
Because the value of new projects
started in the first quarter exceeded
expenditures, carryover of manufacturing projects increased. At the end of
March, carryover totaled $52.9 billion,
$4.1 billion higher than at the end of
December.
December to March; the changes that
occurred were generally small. The
largest change was in stone-clay-glass:
a 6-point decline, to 78 percent. Among
the other durables industries, electrical
machinery and aircraft increased 2
points, to 84 percent and 74 percent,
respectively. In nondurables industries,
rubber increased 3 points, to 87 percent, and paper increased 2 points, to
91 percent; petroleum declined 2 points,
Capacity utilization
to 89 percent.
The utilization rate of manufacturing
Utilization rates for primary- and
capacity was 84 percent in March, the advanced-processed goods industries
same as in December 1978 and 1 point and by asset size also showed little or
above September 1978 (table 3 and no change from December to March.
chart 7). The March rate is 2 points
Manufacturing companies owning 34
below the prerecession peak of 86 perpercent of fixed assets reported a need
cent in March and June of 1973 and is
9 points above the recession trough of for more facilities as of the end of
75 percent in June 1975. The rate has March, 1 point below the percentage
fluctuated between 82 and 84 percent reported at the end of December (table
4 and chart 8). Facilities viewed as
for the past 2 years.
Utilization rates for most industry "about adequate" increased 3 points,
groups showed little or no change from to 61 percent, and facilities viewed as
17
in excess of needs declined 2 points, to
5 percent.
Nonmanufacturing
Programs
Spending by nonmanufacturing industries increased 4 percent from the
fourth to the first quarter, to a seasonally adjusted annual rate of $94.4
billion; spending had increased 3K
percent in the fourth quarter. The
largest first-quarter increases were in
the mining and transportation industries. Plans call for a one-half of 1
percent decline in the second quarter,
a 1-percent increase in the third, and
4-percent increase in the fourth. The
fourth-quarter planned increase reflects large increases for railroads, gas
utilities, and communication firms.
For the year 1979, planned spending
is $95.7 billion, 11 percent more than
last year. The largest increases are
planned by the transportation indus-
Table 3.—Manufacturers' Capacity Utilization Rates: Operating Rates and Ratios of Operating to Preferred Rates *
[Seasonally adjusted]
Operating rates (percent)
Industry and asset size
All manufacturing.
1977
Ratios of operating to preferred rates
1979
1978
June
Sept.
Dec.
84
82
82
Mar.
1977
June
Sept.
Dec,
Mar.
June
Sept.
Dec,
84
83
84
84
0.89
0.87
0.87
Asset size:
$100.0 million and over.
$10.0 to $99.9 million.._.
Under $10.0 million
June
Sept.
0.90
0.88
0.90
0.90
.90
.87
.92
.88
.84
.92
.88
.83
.87
.88
.90
.90
.83
.90
.86
.83
.92
.86
.81
.91
.91
.95
.92
.93
.97
.89
.71
.84
.82
.87
.74
.86
.88
.92
.80
.84
.87
.88
.88
.86
.83
Durable goods 2.
Asset size:
$100.0 million and over.
$10.0 to $99.9 million....
Under $10.0 million
Mar.
.84
Primary metals
Electrical machinery
Machinery, except electricalTransportation equipment 3.
Motor vehicles
Aircraft
Stone, clay, and glass
Nondurable goods 4_.
90
104
71
85
87
87
82
Asset size:
$100.0 million and over.
$10.0 to $99.9 million....
.90
.86
Under $10.0 million
Food including beverage..
Textiles
Paper
Chemicals
.85
.83
PetroleumRubber
Primary-processed goods «_.
Advanced-processed goods e
1. The survey asks manufacturers to report actual and preferred rates of capacity utilization
for the last month of each quarter. Utilization rates for industry and asset-size groups are
weighted averages of individual company rates. See "The Utilization of Manufacturing
Capacity, 1965-73," SURVEY OF CURRENT BUSINESS, July 1974, p. 47.
2. Also includes lumber, furniture, fabricated metals, instruments, and miscellaneous.
3. Also includes other transportation equipment.
294-398
0 - 7 9 - 3
84
1979
1978
.8
.87
Dec.
Mar.
.90
.88
.83
.92
.88
.84
.92
.89
.84
.86
.88
.90
.87
.87
.88
.92
.91
.94
.91
.94
.89
.93
.89
.92
.92
.89
.87
.90
.90
.89
4. Also includes tobacco, apparel, printing-publishing, and leather.
5. Consists of lumber; stone, clay, and glass; primary m3tals; fabricated mstah; textiles;
paper; chemicals (at ^ weight); petroleum; and rubber.
6. Consists of furniture, electrical machinery, machinery except electrical, motor vehicles,
aircraft, other transportation equipment,X instruments, food including beverage, tobacco, apparel, printing-publishing, chemicals (at Aweight), leather, and miscellaneous.
June 1979
SURVEY OF CURRENT BUSINESS
18
wmmtmi
wmmmmmmmmam
CHART I
CHART 8
Manufacturers' Evaluation of Plant and
Equipment Facilities*
Manufacturers' Capacity Utilization Rates
by Major Industry Groups
Percent of Capital Assets Held by Respondents
Reporting—
bU
MORE CAPACITY NEEDED
V
50
40
""
\
30
?0
/
V v /
\
I i I I 1 1 1 I ! 1 1 I M 1 1 I t 1 [ tt
^
i t 1 i t i ( i i i i i J i
1 1 I 1 1
80
CAPACITY ADEQUATE
70 60
f
50
40
20
J
i ! t 1 I I t 1 1 1 1 1 1 1
1 1 ( 1 1 1 1 f 1 I t 1 < i i 1 i M 1 1
1 i t 1 ! \
CAPACITY EXCEEDS NEEDS
10
0
1969
71
73
75
Seasonally Adjusted
1 1 1 1 1 II
1969
t i i I t J i 1 i i i I 11 i t 111} i i 11 i..i 11 I i i I M i I i M 11 i i
77
I 1 1 ! 1 1 1 1 1 1 1 1 1 1 t 1 i t i 1
71
73
11111111111111
75
79
77
* Relative to prospective operations during the ensuing 12-month period.
U.S. Department of Commerce, Bureau of Economic Analysis
U.S. Department of Commerce, Bureau of Economic Analysis
Table 4.—Manufacturers' Evaluation of Their Plant and Equipment Facilities
!
[Percent distribution of gross capital assets]
1977
1978
1979
June 30 Sept. 30 Dec. 31 Mar. 31 June 30 Sept. 30 Dec. 31 Mar. 31
More plant and equipment needed:
All manufacturing
32
34
Durable goods 2
Primary metals 3
Metal fabricators _
34
19
40
Nondurable goods 2
Food including beverage..
Chemicals
Petroleum
35
31
41
42
About adequate:
All manufacturing.
62
64
Durable goods2
Primary metals 3
Metal fabricators _
Nondurable goods 2
Food including beverage..
Chemicals
Petroleum
63
60
71
56
61
62
62
57
56
Existing plant and equipment exceeds needs:
All manufacturing
Durable goods2
Primary metals
Metal fabricators s
6
10
4
Nondurable goods 2
Food including beverage.
Chemicals
Petroleum
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.
SUEVEY OF CURKENT BUSINESS
June 1979
19
Table 5.—Expenditures for New Plant and Equipment by U.S. Business
l
[Billions of dollars]
Seasonally unadjusted
1977
1978
1979 2
Seasonally adjusted at annual rates
1978
1979
I
II
III
1978
II 2
HI 2
IV 2
II
1979
III
IV
II 2
HI 2
IV 2
35.80
153.82
73.33
32.35
37.89
38.67
44.91
37.41
42.79
43.48
49.65
44.25
[50.76
55.41
63.98 165.94 170.30
.74.74
180.98
60.16
67.62
77.61
13.67
16.76
16.89
20.30
15.88
19.04
19.92
22.77
61.57
67.20
67.75
73.24
71.56
76.35
79.89
81.98
27.77
31.66
37.02
6.36
7.79
7.97
7.53
9.09
9.43
10.98
28.72
31.40
32.25
33.99
34.00
36.60
38.09
39.10
Primary metals 3
Blast furnaces, steelworks.
Nonferrous metals
5.68
2.67
..2.24
5.87
2.46
2.45
6.70
2.67
2.82
1.10
.45
.47
1.46
.65
.59
1.50
.62
.60
1.81
.74
.79
1.26
.47
.57
1.62
.67
.68
1.77
.72
.71
2.06
.82
.87
5.13
2.20
2.10
5.99
2.68
2.41
5.94
2.48
2.38
6.30
2.43
2.83
5.84
2.29
2.53
6.63
2.76
2.78
7.00
2.87
2.78
7.18
2.68
3.12
Electrical machinery
Machinery, except electrical.
Transportation equipment 3 .
Motor vehicles
Aircraft*
3.28
5.76
3.98
6.29
4.90
7.51
.73
1.37
.92
1.60
1.01
1.57
1.33
1.76
.95
1.60
1.11
1.81
1.19
1.90
1.65
2.21
3.52
6.15
3.83
6.45
4.07
6.32
4.36
6.26
4.58
7.19
4.62
7.30
4.80
7.64
5.43
7.86
4.06
1.02
6.40
4.65
1.51
7.74
5.40
2.06
1.30
1.00
.25
1.62
1.24
.32
1.61
1.16
.39
1.87
1.26
.54
1.56
1.12
.37
2.02
1.44
.53
2.02
1.36
.58
2.13
1.49
.58
5.71
4.33
1.15
6.22
4.74
1.26
6.50
4.84
1.44
7.28
4.79
2.22
6.86
4.85
1.68
7.79
5.48
2.07
8.13
5.71
2.14
8.29
5.66
2.35
Stone, clay, and glass..
Other durables «
1.99
5.73
2.46
6.65
2.72
7.45
.50
1.36
.60
1.60
.62
1.66
.74
2.03
.63
1.54
.70
1.83
.67
1.88
.72
2.21
2.26
5.94
2.43
6.49
2.52
6.90
2.64
7.16
2.81
6.72
2.84
7.43
2.75
7.78
2.57
7.78
32.39
35.96
40.59
7.31
8.97
8.92
10.77
8.35
9.95
10.50
11.79
32.86
35.80
35.50
39.26
37.56
39.75
41.80
42.88
4.18
.92
3.36
4.87
1.04
3.46
7.10
5.09
1.09
4.85
8.30
1.05
.24
.67
1.47
1.27
.27
.78
1.75
1.16
.27
.89
1.75
1.39
.25
1.12
2.12
1.13
.24
.92
1.66
1.29
.28
1.11
2.04
1.35
.28
1.25
2.08
1.31
.29
1.56
2.52
4.80
1.01
3.06
6.53
4.91
1.11
3.23
7.04
4.44
1.06
3.54
7.08
5.29
.98
3.85
7.61
5.17
1.00
4.20
7.33
5.00
1.13
4.60
8.21
5.20
1.07
4.96
8.42
4.99
1.14
5.37
9.01
13.87
1.45
15.50
1.75
16.70
1.85
2.71
3.03
.36
.47
3.90
.47
.52
3.84
.44
.57
4.73
.47
3.46
.40
.53
4.12
.45
4.36
.45
.72
4.76
.55
.80
13.68
1.66
2.10
15.62
1.80
2.08
15.33
1.76
2.30
17. 37
1.75
2.40
15.62
1.85
2.38
16.48
1.72
2.60
17.43
1.82
2.90
17.49
2.03
2.85
95.72
18.68
21.13
21.78
24.61
21.53
23.75
23.56
26.88
82.68
83.56
87.66
90.71
94.38
93.95
94.85
99.01
5.28
1.07
1.22
1.24
1.26
1.31
1.36
1.27
1.33
4.45
4.81
4.99
4.98
5.46
5.40
5.11
5.26
3.78
.71
.83
.84
.94
.85
.73
.97
1.23
3.35
3.09
3.38
3.49
4.02
2.76
3.89
4.62
2.85
.52
.60
.54
.64
.65
.85
.64
.71
2.67
2.08
2.20
2.39
3.35
2.92
2.60
2.66
3.03
.51
.60
.62
.71
.57
.78
.75
.93
2.44
2.23
2.47
2.55
2.71
2.93
3.01
3.30
8.13
6.96
1.17
8.21
6.86
1.35
9.26
7.59
1.67
27.92
23.15
4.78
28.46
23.83
4.62
29.62
24.92
4.70
31.73
26.95
32.35
27.70
4.66
32.42
27.63
4.79
32.79
27. 96
4.83
33.46
27.62
5.83
17.07
18.18
18.90
111. 89
11.72
13.41
H7. 51
47.45
49.71
ALL I N D U S T R I E S .
Manufacturing
Durable goods
Nondurable goods..
Food including beverage..
Textiles
Paper
Chemicals
Petroleum
Rubber
Other nondurables 6_.
Non manufacturing
Mining
Railroad
Air transportation
Other transportation.
1.78
2.24
75.64
86.19
4.50
4.78
2.80
3.32
1.62
2.30
Public utilities..
Electric
Gas and other.
2.51
25.80
21.59
4.21
2.43
29.48
24.79
4.70
32.76
27.71
5.05
6.15
5.27
.88
7.14
6.01
1.13
7.43
6.11
1.32
8.78
7.40
1.37
7.16
6.30
.86
Communication
15.45
18.16
19.48
3.97
4.56
4.68
4.96
4.36
Cominerical and other '
22.97
25.71
28.54
5.76
6.18
6.43
7.34
4.78
6.64
18.75
18.46
24.76
24.71
26. 09
27.73
27.12
1. Excludes agricultural business; real estate; medical, legal, educational, and cultural
services; and nonprofit organizations.
2. Estimates are based on planned capital expenditures reported by business in late April
and May 1979. The planned expenditures for 1979 have been corrected for biases. The adjustment procedures are described in the February 1970 issue of the SURVEY OF CURRENT BUSINESS. Before adjustment, plans were $175.50 billion for all industries, $79.88 billion for manufacturing, and $95.62 billion for nonmanufacturing.
tries—railroads, 14 percent; airlines,
24 percent; and "other transportation,"
25 percent. Electric utilities plan a 12percent increase, commercial firms,
11 percent, and mining, 10^ percent.
Communication firms plan an increase
3. Includes
4. Includes
5. Consists
6. Consists
7. Consists
industries not shown separately.
guided missiles and space vehicles.
of fabricated metal, lumber, furniture, instruments and miscellaneous.
of apparel, tobacco, leather, and printing-publishing.
of trade, service, construction, finance, and insurance.
of 7 percent, considerably smaller than
the increases of 17% percent last year
and 16 percent in 1977.
Electric and gas utilities started new
investment projects totaling $3.3 billion
in the first quarter, down sharply from
the $14 billion in the fourth quarter of
1978. Carryover of utility projects was
$118.3 billion at the end of March,
$4.8 billion lower than at the end of
December.
By GARY L. RUTLEDGE AND BETSY D. O'CONNOR
Capital Expenditures by Business for Pollution Abatement,
1977,1978, and Planned 1979
B,BUSINESS plans to spend $7.3 bil-
lion in 1979 for new plant and equipment to abate air and water pollution
and to dispose of solid waste, 6 percent
more than in 1978, according to a
survey conducted by BEA in late
November and December of 1978 (table
I). 1 Spending in 1978 is estimated at
$6.9 billion, unchanged from 1977. Plans
for a 3-percent increase in 1978 reported
in a survey conducted a year earlier did
not materialize, mainly because manufacturing industries spent less than
planned.
In 1979, business plans to increase
capital spending for air pollution abatement (PA) 8 percent (to $4.0 billion),
for water PA 2 percent (to $2.9 billion),
and for solid waste PA 8 percent (to
$0.5 billion). If these plans are realized,
54 percent of PA capital spending will
be for air, 39 percent for water, and 7
percent for solid waste. From 1973
to 1976, the air share fell 7 percentage
points while the water share rose 7
points; both changed less than 1 point
from 1976 to 1978. The solid waste
share fluctuated during 1973-78 but
ended 2 points above 1973.
Business plans to allocate about 79
percent of air and water PA capital
spending to end-of-line methods in 1979,
an increase of less than one-half a per1. Agricultural business; real estate; medical, legal, educational, and cultural services; and nonprofit organizations are
excluded from these estimates. Pollution abatement operating costs are also excluded. Information on both capital expenditures and operating costs for pollution abatement and
control by business, government, and consumers is presented
in "Pollution Abatement and Control Expenditures in Constant and Current Dollars, 1972-77," February 1979 SURVEY
OF CURRENT BUSINESS.
Business capital expenditures for pollution abatement are
universe estimates based on sample data from the BEA new
plant and equipment expenditures survey. The sample data
are from reports submitted by companies, not from separate
reports for plants or establishments; a company's capital
expenditures for pollution abatement are assigned to a single
industry in accordance with the industry classification of the
company's principal product.
20
centage point (table 2).2 There was a
significant rise in the share from 76
percent in 1973 to 82 percent in 1975
followed by declines in 1976, 1977, and
1978.
Capital spending for PA planned for
this year is 4.3 percent of total new
plant and equipment spending. This
percentage is down from 4.5 percent in
1978 and 5.1 percent in 1977.
Price change and real spending
Real spending for PA decreased 6
percent in 1978, as prices for PA capital
goods, measured by the preliminary implicit price deflator for business PA
capital spending, increased 7 percent.3
If businessmen expect prices to increase
this year at the same rate as last year,
a 1-percent decline in real PA spending
is indicated for 1979. Decreases in real
PA capital spending in 1978 and 1979
are consistent with the absence of major
Federal regulatory deadlines for air and
water PA in those 2 years. However,
deadlines for stationary sources have
been set for the early 1980's and could
affect capital spending in those years.
(A mobile source requirement for passenger cars in 1980 will not affect this
series because pollution control devices
on these vehicles are not included.)
Price changes as measured by the implicit price deflator for PA capital
spending and its air, water, and solid
waste components during 1973-78 are
summarized in the accompanying tabulation. Prices for PA capital goods in-
CHART 9
New Plant and Equipment Expenditures
for Air, Water, and Solid Waste Pollution
Abatement in Constant (1972) Dollars17
Billion $ (ratio scale)
81
2. End-of-line methods involve the separation, treatment,
or reuse of pollutants after they are generated but before they
are emitted from thefirm'sproperty. Changes-in-productionprocess methods involve the modification of existing production processes or the substitution of new processes to
reduce or eliminate the pollutants generated. Solid waste
capital PA expenditures are not allocated between the two
methods.
Changes-in-production-process expenditures are the result
of an attempt to identify the PA part of capital expenditures
made jointly for conventional production and abatement.
Identifying the PA part of joint expenditures is difficult for
respondents and therefore care should be exercised when
using these data.
In prior years, changes-in-production-process expenditures
were shown in table 2. This year end-of-line expenditures
are shown because these are the larger and more easily
measured part of PA expenditures.
3. The implicit price deflator for PA capital spending is
based on components of Chemical Engineering's Plant Cost
Index; Environmental Protection Agency's Large City Advanced (Wastewater) Treatment Cost Index; Whitman,
Requardt and Associates' Cost Index; Bureau of Labor
Statistics' Procucer's Price Index; and indexes prepared by
BEA. All the indexes, except the second, depend heavily on
price information from the Bureau of Labor Statistics. Index
selections and weights differ for air, water, and solid waste.
Within the air and water categories, indexes and weights
differ for manufacturing, electric utilities, and other nonmanufacturing. See the February 1979 SURVEY article cited
earlier for additional information.
U.S.
Solid Waste
1973
• Preliminary
1974
1975
1976
1977
1978
1979
o Planned
1. A preliminary implicit price deflator for 1978 is used to convert both
1978 and planned 1979 estimates to constant dollars.
Department of Commerce, Bureau of Economic Analysis
79-6-9
SURVEY OF CUEEENT BUSINESS
June 1979
creased most in 1974 and 1975 and despite a major air PA deadline in 1975.
more, on average, for solid waste and
Year-to-year variation in levels of
air than for water.
spending, as shown in the chart, are
determined by two factors. First, spending
for PA must accompany expendi[Percent change from preceding year]
tures for many types of production faAir
Total
Water Solid
cilities, and so PA capital spending rises
waste
or falls with spending for new or expanded facilities. This complementary
1974.
16.5
14.3
15.7
14.9
1975
13.0
11.5
12.8
9.0
relationship
is complicated by govern6.1
4.6
5.5
5.5
1976
1977
66
66
66
76
ment
deadlines
for pollution abate9.6
6.7
6.0
7.0
1978 (preliminary)
9.2
9.7
9.5
Average
8.5
ment—the second factor. As abatement
deadlines approach, substitution of PA
capital for other capital is likely; the
Eeal PA capital spending decreased opposite substitution is likely immedifrom $5.0 billion in 1973 to $4.2 billion ately following deadlines.
in 1978 (chart 9). This decrease averThe dominant factor in determining
aged 3 percent per year. Solid waste the year-to-year variation in PA spendand water PA spending increased about ing has been business reactions to the
1 percent per year, and air decreased 1975 deadline for attainment of naabout 6 percent. Part of the decrease tional primary ambient air quality
for air occurred early in the period standards and to the 1977 deadline for
21
installation of water PA facilities qualifying as "best practicable technology/' 4
The certainty of penalties for violation
as well as the speed with which the
deadlines would be enforced were clearer
for the water deadline than for the air
deadline. Consistent with business reaction to these differences, a 16-percent
rise in water PA spending in 1975 and
10-percent rise in 1976 mainly reflect
preparation for the water deadline.
4. Primary standards are set at a level to protect the public
health; secondary standards are set at a level to protect the
value of other resources. Ambient standards pertain to air
quality typical in an area or region; they are in contrast to
standards for air quality at points of emission of air pollutants.
See "Capital Expenditures by Business for Pollution
Abatement, 1973-77 and Planned 1978," in the June 1978
SURVEY OF CURRENT BUSINESS for an analysis of changes in
the ratio of PA capital spending to total new plant and equipment spending. This analysis is designed to isolate the effect
of deadlines on PA capital spending from the effect of the
complementarity factor.
Table 1.—New Plant and Equipment Expenditures by U.S. Business: Total and for Pollution Abatement l
[Millions of dollars]
Pollution abatement
Pollution abatement
Total 2
Total
All industries..
Air
Water
Solid
waste
Total
Total
Total
Water
Air
Solid
waste
2,781
502
170,196
7,343
3,950
2,850
543
3,951
1,652
306
76,993
4,198
2,195
1,645
358
1,561
901
566
94
36,887
1,600
912
564
124
752
441
247
530
290
189
205
140
53
17
10
5
6,381
2,908
2,425
800
536
184
347
128
231
166
49
31
24
7
3,937
6,416
130
111
88
46
16
4,667
7,652
153
67
98
35
22
9
31
30
1
6,271
4,655
1,396
224
198
23
26
57
93
82
9
33
28
5
7,196
5,046
1,925
239
202
34
83
13
102
87
14
39
32
6
39
116
4
10
2,484
6,670
164
181
7
12
2,866
8,125
164
177
131
28
71
6
18
1,357
167
35,897
2,389
211
40,106
2,597
1,081
234
4,820
1,022
3,371
7,205
172
29
239
565
103
286
22
8
31
42
4,951
1,095
4,135
8,106
193
33
296
580
34
7
42
50
12
17
98
7
4
17,504
1,723
2,592
1,406
56
34
54
15
142
232
794
33
12
104
12
112
298
526
14
15
85
9
1,128
197
93,203
3,146
1,755
1,205
11
5,312
184
48
125
3
3,830
19
5
13
(*)
2,665
5
4
1
461
153,090
1,993
258
67,646
28,258
1,668
941
91
31,749
Primary metals3
Blast furnaces, steelworks.
Nonferrous metals
5,893
2,815
2,246
927
470
383
607
282
262
295
182
103
26
5
19
5,971
2,622
2,387
Electrical machinery
Machinery, except electrical-
3,298
5,859
111
104
30
51
65
49
15
5
Transportation equipment 3_.
Motor vehicles
Aircraft
Stone,
clay,4..and glass.
Other durables«._
5,274
4,022
1,004
163
142
21
58
49
9
74
63
11
2,039
5,895
149
213
32,768
2,615
107
88
1,091
Non manufacturing
Solid
waste
1,992
2,785
2,032
Food including beverage.
Textiles
Paper
Chemicals
Petroleum
Rubber
Other nondurables 6 .
Water
3,642
3,693
4,282
Nondurable goods..
Air
Total 2
6,924
6,939
61,026
Durable goods
Pollution abatement
2
137,017
Manufacturing
Planned 1979
1978
1977
109
87
1,092
4,154
933
3,397
6,902
176
35
468
701
71
11
188
249
256
414
14,185
1,442
1,755
1,167
47
21
531
31
9
546
12
9
90
4
2
15,560
1,751
2,168
1,294
58
32
75
13
105
236
611
40
11
75,991
2,657
1,661
792
204
85,444
2,974
1,649
206
107
34
89
1,283
7
185
Mining
4,442
97
32
27
4,844
Railroad
2,899
28
4
23
2
3,224
Air transportation
1,681
14
12
1
1
2,362
15
25
7
4
2,665
24
13
2
2,506
2,472
35
185
1,443
1,431
12
73
156
154
2
32,561
27,308
5,253
46,170
2,720
2,674
46
1,617
1,601
16
934
26
144
139
4
195
74
93
28
Other transportation.
Public utilities...
Electric
Gas and other..
2,411
23
11
10
2
26,138
21,743
4,395
654
636
18
72
29,165
24,590
4,575
38,420
1,525
1,514
11
73
121
121
1
Communication, commercial, and other 7_
2,300
2,271
30
195
51
43,461
* Less than $500,000.
1. Excludes agricultural business; real estate; medical, legal, educational, and cultural
services; and nonprofit organizations. Pollution abatement operating costs are also excluded.
2. Estimates of total new plant and equipment expenditures are based on the same surveys
as the estimates of pollution abatement expenditures: for 1977, on the survey conducted in
November and December 1977, for 1978 and planned 1979, on the survey conducted in November and December 1978.
3. Includes industries not shown separately.
4.
5.
6.
7.
13
887
21
22
11
1
C)
Includes guided missiles and space vehicles.
Consists of fabricated metal, lumber, furniture, instruments, and miscellaneous.
Consists of apparel, tobacco, leather, and printing-publishing.
Consists of communication, trade, service, construction, finance, and insurance.
NOTE.—Estimates for 1973-76 can be found in "Capital Expenditures b y Business for
Pollution Abatement, 1973-77 and Planned 1978," SURVEY OF CURRENT BUSINESS, June
1978, pp. 33-38.
22
Such preparation was not evident for
the air deadline. The only rise in air
PA spending was in 1975 and was less
than one-half of 1 percent. There have
been no major deadlines pertaining to
solid waste disposal, and year-to-year
variations in solid waste capital spending have been consistent for the most
part with changes in total new plant
and equipment spending.
SUEVEY OF CURRENT BUSINESS
June 1979
Planned 1979 new plant and equipment expenditures
for pollution abatement
Millions of
dollars
Electric utilities.
Petroleum
Chemicals
Steel
Paper
Motor vehicles..
Percent of total
new plant and
equipment
expenditures
Percent increase
from 1978
2,674
1,406
580
536
296
202
8.2
8.7
2.7
21.5
23.8
2.0
9.8
8.0
7.2
18.4
7.2
4.0
Industry spending
Six of the 22 industries shown in
table 1 account for 78 percent of current-dollar PA spending for 1979, and
all 6 show increases for that year (see
accompanying tabulation). All six, except motor vehicles, plan to allocate
more than the all-industry average of
4.3 percent of new plant and equipment spending for PA. The only other
industries planning to spend more than
the all-industry average are nonferrous
metals (7.6 percent) and stone-clayglass (5.7 percent).
Of the 22 industries, those with the
largest average annual increases in PA
capital spending from 1973 to 1978
were: petroleum, 17 percent; railroads,
16 percent; "other transportation/'
16 percent; mining, 15 percent; and
steel, 14 percent. The industries with
the largest decreases were: nonferrous
metals, 14 percent; paper, 8 percent;
and "other durables," 6 percent.
Table 2.—New Plant and Equipment Expenditures by U.S. Business
for Air and Water
Pollution Abatement by End-of-Line Methods l
[Millions of dollars]
1977
Planned 1979
1978
Total
Air
Water
Total
Air
Water
Total
Air
5,148
2,997
2,151
5,047
2,755
2,292
5,371
3,058
2,313
3,140
1,606
1,534
2,925
1,541
1,384
3,078
1,683
1,395
1,318
791
527
1,200
728
472
1,225
745
481
Primary metals 2
Blast furnaces, steelworks
Nonferrous metals
Electric machinery
Machinery, except electrical
766
391
319
522
229
245
244
162
74
605
353
200
436
227
167
169
125
32
668
450
155
460
293
118
209
157
37
86
87
27
43
59
45
100
89
21
48
79
41
112
54
24
20
88
33
Transportation equipment 2
Motor vehicles
Aircraft 3
80
63
16
31
22
49
41
8
118
102
14
48
40
6
71
61
8
129
107
20
55
47
7
74
60
12
39
91
146
141
100
75
46
66
136
127
112
74
24
53
All industries
Manufacturing
Durable goods
Stone, clay, and glass
Other durables
4
Nondurable goods
Food including beverage
Textiles
Paper
Chemicals
Petroleum
Rubber
Other nondurables 5
Nonmanufacturing
132
167
1,822
815
1,007
1,725
813
912
1,853
939
915
124
31
341
506
43
145
197
81
23
196
309
97
11
184
434
39
5
99
187
58
6
84
247
113
14
213
437
5
119
181
77
9
94
256
27
381
10
929
48
23
436
37
492
11
14
1,008
45
23
558
31
450
14
15
908
2,293
1,375
918
80
149
36
113
26
17
4
12
2
4
3
7
17
722
715
7
1,980
1,959
21
127
769
37
14
2,009
Mining
55
Railroad
25
Air transportation
10
Other transportation
20
Public utilities
Electric
Gas and other
Communication, commercial, and other 6 _.-
Water
1,801
1,785
15
7
7
1,391
617
33
3
10
10
1,291
1,283
22
22
1
10
510
502
7
54
2,122
156
30
14
11
1,794
1,778
16
9
1,214
76
4
12
4
1,072
1,063
9
46
72
1
11
1,275
1,263
12
705
696
9
76
1. Changes-in-production-process estimates can be derived by subtracting estimates in this table from those in table 1.
2. Includes industries not shown separately.
3. Includes guided missiles and space vehicles.
4. Consists of fabricated metal, lumber, furniture, instruments, and miscellaneous.
5. Consists of apparel, tobacco, leather, and printing-publishing.
6. Consists of communication, trade, service, construction, finance, and insurance.
NOTE.—End-of-line expenditures for 1973-76 can be derived from the June 1978 SURVEY article (cited earlier) by subtracting changes-in-production-process expenditures (table 2) from total PA capital expenditure! (table 1).
By JOAN E. BOLYARD
International Travel and Passenger Fares, 1978'
i N 1978, both U.S. travel expenditures
abroad and foreign travel expenditures
in the United States registered the
largest dollar increases in 5 years. Expenditures of U.S. residents traveling
abroad increased $1.2 billion, to $11.4
billion. Receipts from foreign visitors
to the United States increased $1.3
billion, to $8.5 billion. Net payments
were $2.9 billion, $0.1 billion less than
in 1977 (table 1).
U.S. travelers spent $8.5 billion in
foreign countries, $1 billion or 14 percent more than in 1977. Much of the increase reflected inflation in foreign
countries and depreciation of the dollar
against a number of major foreign currencies. If adjusted for changes in foreign consumer prices and dollar exchange rates, travel expenditures in
constant (1972) dollars increased only
2 percent (chart 10). U.S. travelers
paid $2.9 billion in passenger fares to
foreign carriers, up $0.2 billion. They
also paid $1.8 billion in passenger fares
to U.S. carriers, slightly more than in
1977.2
1. This article reviews total expenditures of U.S. residents
traveling abroad and expenditures of foreign residents visiting the United States. Expenditures so defined include the
travel accounts and part of the passenger fare accounts that
appear in the U.S. international transactions accounts. They
do not cover U.S. carriers' receipts for transporting foreign
residents between foreign points; these receipts do not involve travel to and from the United States, but they are included in the passenger fare account in line 5 of table 1,2, and
10 of the quarterly presentation of U.S. international transactions. Travel expenditures do cover passenger fares paid by
U.S. travelers to U.S. transoceanic carriers (line B3 of table 1
of this article), which are an important part of total expenditures by U.S. travelers; these fares do not enter into the
U.S. international transactions accounts.
2. Travel account payments include expenditures in foreign countries by U.S. visitors for food, lodging, entertainment, transportation purchased abroad, and other expenses
incidental to a foreign visit. Excluded are expenditures by
U.S. military and other Government personnel stationed
abroad, by their dependents, and by U.S. citizens residing
abroad. Payments to foreign transoceanic carriers and shipboard expenditures are included in the passenger fares account. Shore expenditures of cruise passengers are included in
travel payments.
Thirty-two million U.S. travelers
spent $1.4 billion for travel in Canada,
down slightly from the previous year.
The average expenditure per traveler
was unchanged, at $45. Although the
U.S. dollar appreciated in value against
the Canadian dollar in 1978, price increases in Canada were more than offsetting. As a result, overall costs increased about 2 percent.
U.S. travel abroad
Auto travelers accounted for 85 perCanada and Mexico.—U.S. travel ex- cent of all U.S. travelers to Canada,
penditures in Canada and Mexico in- and for 60 percent of U.S. travel excreased $0.2 billion or 5 percent, to $3.5 penditures. Sixty-eight percent of auto
billion. An increase in Mexico more travelers entered Canada and returned
than offset a small decrease in Canada. to the United States the same day.
As a proportion of total U.S. foreign Their expenditures were 9 percent of
total spending in Canada. One-fourth
travel expenditures, expenditures in the
of auto travelers stayed in Canada 2
two countries declined from 47 percent
or more nights, and accounted for alin 1974 to 42 percent in 1978 (table 2). most one-half of total expenditures.
Air travelers accounted for only 5 per3. Travel account receipts include expenditures in the
cent of all travelers, but their expendiUnited States for services similar to those indicated in footnote 2, by foreigners on business, pleasure, and study trips,
tures were 28 percent of total expendiand by those in transit. Receipts of U.S. transoceanic carriers
tures. Their high average expenditures
from foreigners are included in the passenger fares account.
Foreign visitors spent $7.3 billion for
travel in the United States, $1.1 billion
or 18 percent more than the previous
year. If adujsted for changes in the
U.S. Consumer Price Index, the constant (1972) dollar increase was about
10 percent. In addition, foreign visitors
paid $1.2 billion in passenger fares to
U.S. carriers, up $0.2 billion.3
Table 1.—International Travel and Passenger Fare Transactions
[Millions of dollars]
1974
1978
1975
A. Transactions included in estimates of U.S. international transactions:
1. Total travel and passenger fare payments
9,424
10,199
11,397
6,417
2,263
6, 856
2,568
7,451
2,748
8,475
2,922
8,075
2.
Travel: Payments of U.S. travelers in foreign countries (line 20) __
5,980
2,095
3.
Passenger fares: U.S. payments to foreign carriers (line 21)
4,845
5,464
6,679
7,175
8,502
4,032
4,697
5,742
6,150
7,284
937
1,025
1,218
2,895
8,475
2,922
4. Total travel and passenger fare receipts
5.
6.
Travel: Receipts from foreign visitors in the United States (line
4)
Passenger fares: Recipts of U.S. carriers for transportation of
foreign visitors to and from the United States (part of line 5)1 -__
813
767
3,230
3,216
2,745
3,024
5,980
2,095
6,417
2,263
6,856
2,568
7,451
7. Net travel and passenger fare payments
B. Total expenditures of U.S. residents for travel abroad:
1.
2.
3.
Travel payments of U.S. travelers in foreign countries (line 20)..
U.S. passenger fare payments to foreign carriers (line 21)
U.S. passenger fare payments to U.S. carriers (not included in
4. Total
expenditures
of U.S.
residentsaccounts)
for travel abroad
U.S.
international
transactions
1,331
1,463
1,444
9,406
10,143
10,868
2,748
1,758
1,725
13,155
11,924
1. Excludes fares paid by foreigners to U.S. carriers for transportation betwesn two foreign points.
NOTE.—References in parentheses are to lines in tables 1, 2, and 10 of the quarterly presentations of U.S. international
transactions in the March, June, September, and December issues of the SURVEY OF CURRENT BUSINESS.
23
SUEVEY OF CUEEENT BUSINESS
24
CHART 10
Table 2.—Travel Payments of U.S. Travelers in Foreign Countries, by Area
[Millions of dollars]
U.S. Travelers' Expenditures in Foreign
Countries
Billion $
9
June 1979
1974
Total travel payments.
1975
1976
1977
1978
5,980
6,417
6,856
7,451
8,47*
Canada
Mexico
Mexican border area...
1,359
1,475
1,306
1,637
1,047
1,371
1,723
1,007
1,433
1,918
1,165
1,407
2,121
1,128
OverseasEurope and Mediterranean'
3,474
3,762
4,100
3,146
4,947
1,918
2,150
2,398
2,942
1,709
1,885
2,103
2,600
368
198
188
117
404
226
194
121
494
254
207
129
585
233
240
145
771
287
260
153
153
61
43
32
174
65
43
29
195
70
38
37
203
73
51
40
220
75
70
52
Norway
NetherlandsB elgium-Luxembourg.
Spain
31
47
31
138
44
60
39
135
40
58
35
117
37
49
34
151
49
65
37
213
Portugal
Ireland.
Greece
Other Western Europe.
47
84
26
19
55
73
28
14
83
90
24
37
97
102
26
53
110
140
45
202
209
265
295
342
95
107
57
152
118
147
146
149
144
Caribbean and Central America..
Bermuda..
Bahamas.
Jamaica...
Other British West Indies
Netherlands West Indies
Other West Indies and Central America-
685
787
784
790
110
151
122
118
161
118
133
168
109
123
158
100
136
198
118
87
60
155
103
97
190
125
102
147
144
106
159
153
114
169
South America.
209
242
232
254
306
Other areas
Japan
Hong Kong
Australia-New Zealand.
Other
450
527
596
658
811
102
75
55
218
131
75
54
267
145
74
82
295
149
87
92
330
155
113
123
420
904
Western Europe
United Kingdom.
France..
Italy.
Switzerland
Germany..
Austria
Denmark.
Sweden...
Other Europe and Mediterranean.
Israel..
Other..
Current $
I
1967
I
I
69
I
I
71
I
I
73
I
I
75
I
I
77
1. Adjusted for changes in foreign consumer prices and changes in dollar
exchange rates; country data are weighted by travel expenditures and
summed to total.
U.S. Department of Commerce, Bureau of Economic Analysis
79-6-10
partly reflected the inclusion in total
expenditures of air fares paid to
Canadian carriers.
British Columbia and the Yukon
were the only provinces to have a
significant increase in the number of
U.S. travelers. Both the number of
travelers and total expenditures in this
area increased 6 percent from 1977. The
number of travelers to Ontario declined
slightly and expenditures were down
8 percent. Ontario remained the major
province of entry; it received 65 percent
of all U.S. travelers to Canada. The
number of travelers to the remaining
provinces decreased 4 percent and
expenditures increased 1 percent.
U.S. travelers spent $2.1 billion in
Mexico, an increase of $0.2 billion, or
11 percent. A 32-percent increase in
spending in Mexico's interior reflected
both an increase in the number of
travelers and higher expenditures.
Border area expenditures were down 3
percent, reflecting a decline in average
1,802
1,600
1. Includes all European countries, Algeria, Cyprus, Egypt, Israel, Lebanon, Libya, Malta, Morocco, Syria, Tunisia,
and Turkey.
NOTE.—Includes shore expenditures of cruise travelers.
expenditures. Although the dollar-peso
exchange rate was stable over the year,
an inflation rate in Mexico more than
double that in the United States
probably discouraged purchases in Mexico by U.S. border area residents.
Overseas travel.—A 21-percent increase in U.S. travel expenditures overseas far outpaced the increase in travel
expenditures in Canada and Mexico.
Overseas spending increased $0.8
billion, more than twice the 1977 increase, to $4.9 billion. The number of
U.S. travelers overseas was up 0.4
million to 7.8 million (table 3). Over
one-half of them visited Europe and the
Mediterranean area, where expenditures totaled $2.9 billion, up $0.5
billion. The average cost per trip was
$1,265, an 8-percent increase. Average
expenditures within countries were $717,
an increase of 17 percent, and transocean fares averaged $548, slightly less
than the year before. The average
tourist visited 2 countries and stayed
overseas 20 days, one day longer than
in 1977 (table 4). Charter trips to
Europe and the Mediterranean area
cost $1,013 on average, $386 for transocean fares and $627 for travel within
countries.
Air departures to Europe increased
7 percent in 1978, reflecting a 23-percent increase in travel on scheduled
carriers and a 31-percent decrease in
charter travel. The proportion of total
travelers on scheduled flights increased
from 72 percent in 1977 to 82 percent,
as scheduled carriers cut into the
charter market by offering competitively priced fares and more flexibility
in travel to Europe. Air departures to
SURVEY OF CURRENT BUSINESS
June 1979
25
Table 4.—Average Length of Stay of U.S.
Travelers in Selected Areas
Table 3.™—U.S. Travelers Overseas, by Area
Greece, Denmark, Sweden, Norway,
and the Netherlands, together with
higher average expenditures, resulted in
1978
1974 1975 1976 1977
increases in total expenditures in each
6,467 6,354 6,897 7,390 7,790
country of 30 percent or more, except
Total
.
in France. Total expenditures increased
Europe and Mediterranean
-. 3,325 3,185 3,523 3,920 4,105
over 40 percent in Portugal and Spain,
3,118 2,990 3,295 3,663 3,914
Western Europe
as large increases in the number of
Caribbean and Central
America
2,147 2,065 2,201 2,203 2,365
travelers more than offset a drop in
423
436
483
South America
447
515
average expenditures. Appreciation of
572
737
784
657
805
Other areas .
the dollar against the currencies of these
two countries benefited U.S. travelers.
NOTE.—Excludes cruise travelers.
Source: U.S. Department of Commerce, Bureau of Eco- Dollar depreciation against the curnomic Analysis, based on data of U.S. Department of Justice,
Immigration and Naturalization Service.
rencies of Switzerland and Germany
probably discouraged some travelers
from
visiting them, but resulted in
areas other than Europe increased 15
higher
average and total expenditures.
percent. Nine percent of these travelers
Although
the number of travelers to
flew on charter flights, the same proIsrael
decreased
12 percent, higher avportion as in 1977.
erage expenditures—the highest of any
U.S. travel expenditures increased in
country in this area—limited the drop
the countries of Europe and the Mediin total expenditures to 1 percent.
terranean area, except in Israel. The
An increase in the number of travelers
United Kingdom was visited by 42 perto
the Caribbean and Central America,
cent of travelers and received 26 percent
together
with higher average expendiof total expenditures—percentages far
tures,
resulted
in an increase in total
larger than for any other country in the
expenditures
of
$0.1 billion, to $0.9
area. France was second (22 percent of
travelers and 10 percent of total ex- billion. Most of the increase was due to
penditures), and Germany and Italy a rebound in expenditures in Bermuda,
the Bahamas, and Jamaica. More modwere third and fourth (table 5).
Increases in the number of travelers erate increases occurred in other counto the United Kingdom, France, tries of the area.
[Thousands!
[Days]
Europe and
ranean
1974
1975
1976
1977
24
24
24
19
20
6
6
6
6
6
6
6
6
6
7
1978
Mediter-
Caribbean and Central
America:
Bermuda
Bahamas
Other Caribbean and
Central America
South America
Other overseas
18
22
12
8
9
12
18
23
14
20
14
20
19
25
NOTE.—Excludes cruise travelers.
South American travel expenditures
increased 20 percent, to $0.3 billion.
Most of the increase was due to higher
average expenditures.
Travel expenditures in other areas,
primarily the Pacific and Far East,
increased 23 percent, to $0.8 billion.
The number of travelers increased
slightly. Despite a decline in the number of travelers to Japan, total expenditures there increased 4 percent.
Constant-dollar total expenditures declined, due to a 20-percent dollar depreciation against the yen and a 4percent consumer price increase. Travel
expenditures in other Pacific and Far
East countries increased almost 30
percent.
Table 5.—Number of U.S. Travelers and Their Average and Total Travel Payments in Europe and the Mediterranean Area
1977
Number of
travelers
(thousands) J
Percent
of total
travelers»
Percent change: 1977-78
1978
Average
spending
per traveler
(dollars) 2
Total spent Percent Number of Percent
(millions of total travelers
of total
(thoutravelers l
of dollars) spending
sands) *
Average
spending
per traveler
(dollars) "
Average
Total spent Percent
(millions of total Number of spending
of dollars) spending travelers per traveler
Total
spent
3,920
100.0
612
2,398
100.0
4,105
100.0
717
2,942
100.0
4.7
17.2
22.7
3,663
93.4
574
2,103
87.7
3,914
95.3
664
2,600
88.4
6.9
15.7
23.6
1,559
786
715
620
39.8
20.1
18.2
15.8
375
296
336
234
585
233
240
145
24.4
9.7
10.0
6.0
1,725
882
718
572
42.0
21.5
17.5
13.9
447
325
362
267
771
287
260
153
26.2
9.8
8.8
5.2
10.7
12.2
.4
-7.7
19.2
9.8
7.7
14.1
31.8
23.2
8.3
5.5
Germany
Austria
Denmark
Sweden...
768
359
238
180
19.6
9.2
6.1
4.6
264
203
214
222
203
73
51
40
8.5
3.1
2.1
1.7
765
426
271
213
18.6
10.4
6.6
5.2
176
258
244
220
75
70
52
7.5
2.6
2.4
1.8
-.4
18.7
13.9
18.3
9.1
-13.3
20.6
8.4
2.7
37.3
30.0
Norway
Netherlands
Belgium-Luxembourg. _
Spain
147
317
240
334
3.8
8.1
6.1
8.5
252
155
142
452
37
49
34
151
1.5
2.1
1.4
6.3
165
363
234
524
4.0
8.8
5.7
12.8
297
179
158
407
49
65
37
213
1.7
2.2
1.2
7.2
12.2
14.5
-2.5
56.9
17.9
15.5
11.3
-10.0
32.4
32.7
8.8
41.1
Portugal
Ireland _
Greece...
Other Western Europe.
134
303
257
122
3.4
7.7
6.6
3.1
276
320
397
n.a.
37
97
102
26
1.5
4.0
4.3
1.1
195
296
284
219
4.8
7.2
6.9
5.3
272
372
493
n.a.
53
110
140
45
1.8
3.7
4.8
1.5
45.5
-2.3
10.5
79.5
-1.5
16.3
24.2
n.a.
43.2
13.4
37.3
73.1
316
489
8.1
12.5
462
146
149
6.1
6.2
277
606
6.7
14.8
520
4.9
6.7
-12.3
23.9
-1.4
n.a.
144
198
12.6
n.a.
Europe and Mediterranean
Western Europe
United Kingdom
France
Italy
Switzerland
Israel
Other
n.a. not available.
1. Because some travelers visit more than one country, the total of estimated visits to
specific countries is larger than the total number of travelers.
2. Data on average spending exclude shore expenses of cruise travelers.
Source: U.S. Department of Commerce, Bureau of Economic Analysis; number of travelers
based on data of the U.S. Department of Justice, Immigration and Naturalization Service.
SUEVEY OF CUEKENT BUSINESS
26
Table
6.—U.S. Receipts From Foreign
Visitors in the United States
[Millions of dollars]
1974
Total U.S. travel re4,032
ceipts
1975
1976
1977
1978
4,697
5,742
6,150
7,284
Canada
Mexico
U.S. border area..
1,225
1,142
858
1,561
1,311
972
1,983
1,364
1,023
2,150
1,316
967
2,248
1,459
Total overseas
1,665
1,825
2,395
2,684
Western Europe..
United Kingdom
France
Germany
Italy
Netherlands
Sweden
Switzerland
Other
954
3,577
570
611
852
142
63
126
43
28
22
27
119
144
68
145
41
36
23
32
122
183
96
206
59
49
37
43
179
205
121
263
61
57
40
51
205
216
206
289
276
South America
237
303
360
455
675
Other areas
Japan
642
402
705
410
894
439
950
450
1,207
542
Caribbean
Central
America
1,003
1,363
and
317
148
343
69
89
53
74
270
332
Foreign travel in the United States
Canada and Mexico.—Canadian and
Mexican visitors to the United States
spent $3.7 billion, $0.2 billion more than
in 1977. Their expenditures accounted
for 51 percent of all travel expenditures
in the United States, down from 56 percent in 1977 (table 6).
The number of Canadians visiting
the United States was down 2 percent
to 37 million. Higher average expenditures more than offset this drop, and
total spending was up 5 percent to $2.2
billion. The depreciation of the Canadian dollar against the U.S. dollar and
the decline in the real wages of Canadians probably contributed to the decline in the number of visitors. The
increased average expenditures probably reflected higher prices for tourist
goods and services in the United States.
The first quarter was the only period
in which the number of Canadian
visitors increased, compared with comparable periods in 1977, indicating a
growing preference for winter vacations
in the south. Average expenditures for
this period were $90 per visitor, higher
than for any other quarter.
Canadian visitors who entered the
United States and returned the same
day accounted for 69 percent of the
total. Seventy-two percent of all visitors
staying one or more nights traveled by
auto, 22 percent by air, and the remainder by bus, train, boat, or other
means. In recent years, the proportion
of air travelers has increased at the
expense of auto travelers.
Canadian visitors staying one or more
nights spent an average of $158 per
person, and stayed 9 days. Forty percent came from the province of Ontario,
23 percent from Quebec, and 17 percent
from British Columbia. The Middle
Atlantic and Pacific regions of the
United States each accounted for about
19 percent of all Canadian tourists, the
South Atlantic region for 17 percent,
and New England for 16 percent.
Mexican visitors to the United States
spent $1.5 billion, an 11-percent increase from 1977. Mexican visits to the
U.S. interior were boosted by a U.S.Mexican agreement that became effective in early 1978 and provided for
many new air routes. There was a 45percent increase in expenditures in the
interior, and a 1-percent drop in expenditures in the U.S. border area. Mexican
expenditures in the border area accounted for 65 percent of total U.S.
travel receipts from Mexico, down from
73 percent in 1977 and 75 percent in
1974.
Overseas visitors.—A 33-percent increase in expenditures of overseas
visitors to the United States far outpaced the increase in expenditures of
Canadian and Mexican visitors. Overseas visitors spent $3.6 billion, $0.9
billion more than in 1977. Their number
increased 1.2 million, to 5.7 million.
Eighty percent were on pleasure trips,
up from 78 percent the previous year.
The proportion of travelers on business
trips was unchanged at 14 percent
(table 7).
The number of visitors from Western
Europe increased 30 percent to 2.5
million, and accounted for 43 percent
of all overseas visitors. Their expenditures increased 36 percent, to $1.4
billion, and accounted for 38 percent
of total expenditures by visitors from
overseas. The number of visitors from
Germany, Switzerland, and the Netherlands increased 33 percent; dollar depreciation against their currencies made
travel to the United States less expensive in terms of their currencies.
Receipts from German visitors were 30
percent higher, those from Swiss visitors
June 1979
Table 7.—Foreign Visitors to the United
States From Overseas, by Area and Type
of Visa
[Thousands]
Total Busi- Pleas- Tran- Stuness
ure • sit dent
Overseas, total:
1978
1977
5,732
4,509
782
641
4,579
3,530
191
206
180
132
1977
2,450
1,885
415
334
1,920
1,438
90
98
25
15
1977
704
578
65
53
593
482
26
26
20
17
775
573
66
53
660
483
19
21
30
16
1,803
1,473
236
201
1,406
1,127
56
61
105
84
880
750
105
93
745
636
15
10
15
11
Europe:
1978—
Caribbean and Central America:
1978
South America:
1978
1977__
Other areas:
1978
1977
Japan:
1978
1977. _
_
NOTE.—Data are not adjusted for multiple entries on a
single trip. Data for 1978 are provisional.
Source: U.S. Department of Commerce, Bureau of Economic Analysis, based on data of U.S. Department of Justice,
Immigration and Naturalization Service.
were 45 percent higher, and those from
Netherlands visitors were 56 percent
higher than in 1977. The opening of
several new air routes, the availability
of budget air fares, and entry of new
carriers to the United States-United
Kingdom air travel market attracted
more visitors from the United Kingdom; their spending here increased 55
percent.
The number of visitors from the
Caribbean area and Central America
increased 22 percent to 0.7 million.
Average expenditures were down
slightly; total expenditures increased
20 percent, to $0.3 billion.
South American visitors increased
spending 48 percent, to $0.7 billion,
mainly reflecting a 35-percent increase
in the number of visitors, to 0.8 million.
South American expenditures accounted for 9 percent of total travel
expenditures in the United States, up
from 7 percent.
Visitors from other areas increased
their expenditures 27 percent, to $1.2
billion. The number of visitors totaled
1.8 million, up 22 percent; one-half of
the'total came from Japan. Japanese
expenditures here were $0.5 billion, a
20-percent increase. Dollar depreciation
against the Japanese yen made travel
in the United States less expensive than
in 1977, more than offsetting U.S.
price increases.
By JORGE C. LAMAS
US. International Transactions,
First Quarter 1979
XJL marked slowdown in the net rise in
both U.S. assets abroad and foreign
assets in the United States highlighted
U.S. international transactions in the
first quarter. U.S. assets abroad increased $6.2 billion, compared with a
fourth-quarter increase of $30.3 billion.
Claims on foreigners reported by U.S.
banks decreased $5.8 billion, in contrast to a record $22.0 billion fourthquarter increase. The decline reflected
the repayment of some previous dollar
borrowings as the dollar appreciated
in exchange markets, high U.S. interest
rates, and the usual reversal of yearend
transactions. Among other U.S. assets
abroad, outflows for U.S. direct investments increased $1.6 billion, to
$6.3 billion; an increase in equity and
intercompany accounts more than offset
a decline in reinvested earnings. U.S.
official reserve assets increased $3.6
billion, reflecting the acquisition of
German marks and Swiss francs, and
an increase in holdings of special drawing rights (SDRs). Net U.S. purchases
of foreign securities were $1.1 billion,
little changed from the fourth quarter.
Foreign assets in the United States
increased $4.3 billion, compared with
$29.2 billion in the fourth quarter.
Foreign official assets decreased $8.5
billion, in contrast to an $18.8 billion
increase, reflecting intervention sales of
dollars in exchange markets by several
major industrial countries to support
their currencies. Official dollar holdings
of OPEC members and non-OPEC developing countries also declined. Other
foreign assets increased $12.8 billion,
$2.4 billion more than in the fourth
quarter. Liabilities to private foreigners
and international financial institutions
reported by U.S. banks increased $10.7
billion, compared with $9.1 billion. Net
foreign purchases of U.S. securities
other than U.S. Treasury securities in-
creased $0.3 billion, to $0.8 billion; an
increase in stock and bond purchases
was partly offset by net sales of bonds
by international financial institutions.
Foreign direct investments in the
United States increased $0.3 billion,
to $1.3 billion, reflecting larger inflows
on equity and intercompany accounts.
The balance on current account
shifted to a surplus of $0.2 billion—
the first surplus since the fourth quarter
of 1976—from a $0.3 billion deficit.
Net service receipts increased $0.2 billion, to $7.6 billion; direct investment
and U.S. Government income receipts,
and transfers under military sales contracts increased more than payments
of income on foreign assets in the United
States. The merchandise trade deficit
narrowed $0.3 billion, to $6.1 billion,
as exports increased faster than imports.
Unilateral transfers were unchanged at
$1.3 billion.
Table A.—Summary of U.S. International Transactions
[Millions of dollars, seasonally adjusted]
Lines in tables 1, 2, and 10 in which transactions
are included are indicated in ( )
1977
1979
1978
I
II
III
IV
II
III
IV
Exports of goods and services (1)
Merchandise, excluding military (2)..
Other goods and services (3-15)
184,592
120,816
63,776
220,849
141,884
78,965
44,850
29,518
15,332
46,914
31,075
15,839
46,897
30,558
16,339
45,935
29,665
16,270
49,085
30,811
18,274
54,225
35,267
18,958
56,222
36,491
19,731
61,317
39,315
22,002
64,399
41,350
23,049
3,082
2,035
1,047
Imports of goods and services (17)
Merchandise, excluding military (18).
Other goods and services (19-31)
-194,015
-151,689
-42,326
-229,658
-176,071
-53,587
-47,170
-37,185
-9,985
-48,087
-37,639
-10,448
-48,556
-37,996
-10,560
-50,207
-38,869
-11,338
-54,792
-42,710
-12,082
-56,338
-43,174
-13,164
-58,216
-44,503
-13,713
-60,316
-45,684
-14,632
-62,913
-47,448
-15,465
-2,597
-1,764
-833
-2,775
-1,895
-3,152
-1,934
-626
-490
-811
-472
-774
-475
-564
-459
-765
-463
-827
-770
-463
-790
-524
-804
-525
-14
-1
U.S. Government grants (excluding military
grants of goods and services) (34)
Remittances, pensions and other transfers (35, 36).
12
Change:
1978 I V 1979 1
1978
1977
Line
U.S. assets abroad, net (increase/capital outflow
( ))) () 3( 7))
_
U.S. official reserve assets, net (38)
U.S. Government assets, other than official reserve assets, net (43)
U.S. private assets, net (47)
-35,793
-375
-60,957
732
-1,683
-420
-12,272
-24
-6,625
112
-15,213
-43
-15,188
187
-5,466
248
-10,049
115
-30,254
182
-6,158
-3,589
24,096
-3,771
-3,693
-31,725
-4,656
-57,033
-1,062
-201
-885
-11,363
-1,001
-5,736
-746
-14,424
-1,009
-14,366
-1,263
-4,451
-1,390
-8,774
-994
-29,442
-1,096
-1,473
-102
27,969
Foreign assets in the United States, net (increase/
capital inflow (+)) (56)
Foreign official assets, net (57).
Other foreign assets, net (64)
50,823
36,656
14,167
63,713
33,758
29,956
2,596
5,491
-2,895
14,002
7,720
6,282
14,236
8,266
5,970
19,991
15,179
4,812
18,175
15,618
2,557
941
-5,265
6,206
15,358
4,641
10,717
29,239
18,764
10,475
4,343
-8,490
12,832
-24,896
-27,254
2,357
11,139
2,523
726
-4,703
517
3,947
7,950
-2,082
1,328
1,139
519
1,139
-937
Allocations of special drawing rights (74).
Statistical discrepancy (75)
Preliminary.
27
SURVEY OF CURRENT BUSINESS
28
June 1979
Table B.—Selected Transactions with Official Agencies
[Millions of dollars]
1977
Line
1977
I
1
2
3
4
5
Changes in foreign official assets in the U.S., net
(decrease - ) (line 57, table 1)
Industrial countries21_.
Members of OPEC
Other countries
Changes in U.S. official reserve assets (increase —)
(line 38, table 1)
1978
1979
1978
II
III
I
IV
II
III
IV
Change:
1978 I V 19791
IP
36,656
28,766
6,351
1,539
33,758
34,289
-727
196
5,491
2,353
2,890
248
7,720
5,477
1,182
1,061
8,266
7,160
1,474
-368
15,179
13, 776
805
598
15,618
13,141
1,969
508
-5,265
-2,032
-2,705
-528
4,641
6,382
-1,794
53
18,764
16, 798
1,803
163
-8,490
-6,999
-1,059
-432
-27,254
- 2 3 , 797
-2,862
-595
-375
732
-420
-24
112
-43
187
248
115
182
-3,589
- 3 , 771
?40
835
-595
5,067
8,965
-3,898
-163
-144
-163
-144
-144
35
-179
691
800
-109
1,946
2,042
-96
-1,423
75
-1,498
-409
887
-1,296
4,953
5,961
-1,008
-3,498
408
-3,906
-8,451
-5,553
-2,898
-300
120
-420
317
-317
-100
50
-150
-165
70
-235
-35
Activity under U.S. official reciprocal currency
arrangements with foreign monetary authorities: 3
6
6a
6b
7
7a
7b
U.S. drawings, or repayments (—), net
Drawings
Repayments _. . _
Foreign drawings, or repayments (—), net.
Drawings
R epayments
» Preliminary.
1. Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
2. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oilexporting countries.
-35
oo
295
-295
-22
3. Consists of transactions of the Federal Reserve System and the U.S. Treasury Department's Exchange Stabilization Fund.
U.S. dollar in exchange markets
of March, the dollar appreciated 8 percent
against the Japanese yen. In adDuring the first quarter, the dollar
dition
to the above factors, the dollar's
appreciated against most major Euroappreciation
reflected a sharp reduction
pean currencies and the Japanese yen.
in
the
Japanese
current account surplus.
More settled conditions in exchange
The
dollar
appreciated
4 percent against
markets, largely reflecting the conthe
Swiss
franc,
3
percent
against the
tinued implementation of the NovemFrench
franc,
2
percent
against
the
ber 1 dollar support program, encourGerman
mark
and
Dutch
guilder,
and
aged private capital inflows, which
were attracted by higher interest rates 1 percent against the Italian lira. As a
in the United States than abroad. In result of the dollar's appreciation, U.S.
addition, market perceptions regarding authorities repaid $3.5 billion of outthe unfavorable effect of higher petrol- standing debt under official reciprocal
eum prices on other countries heavily currency arrangements with foreign
dependent on petroleum imports, par- monetary authorities (table B).
ticularly Japan, favored the dollar.
In contrast, the U.S. dollar depreciFrom the end of December to the end ated 2 percent against the Canadian
dollar and British pound. The depreciation largely reflected the near selfsufficiency in petroleum of those two
countries and rising Canadian and British interest rates. The appreciation of
the Canadian dollar also reflected capital inflows resulting from Canadian
borrowing in foreign capital markets.
Measured in terms of its tradeweighted average value against the
currencies either of 22 OECD countries
or of the 10 major industrial countries,
the dollar appreciated 2 percent over
the first quarter. By the end of March,
the dollar's value against the 10 currencies was 7 percent above its October
low, but still 6 percent below its level
Table C—Indexes of Foreign Currency Price of the U.S. Dollar
[May 1970=100]
End of period
1976
I
Trade-weighted
average against 22 OECD currencies 1
_
Trade-weighted average against 10 currencies2
3
Selected currencies:
Canada
France
_
Germany
Italy
Japan
_
Netherlands
_
_
Switzerland
United Kingdom
_
II
III
IV
II
III
IV
I
II
III
IV
I
88.8
86.8
89.1
87.9
88.2
87.0
89.7
86.2
90.7
86.6
89.7
85.6
90.3
85.1
85.4
79.5
84.1
77.4
82.1
77.1
79.2
73.2
78.5
71.3
80.3
73.0
91.6
84.6
69.9
133.6
83.5
74.0
58.6
125.4
90.2
85.9
70.9
133.7
82.9
75.3
57.2
134.9
90.6
89.3
67.1
136.7
80.1
70.7
56.8
143.2
94.0
90.0
65.0
139.1
81.6
67.7
56.7
141.1
98.4
90.0
65.8
141.1
77.3
68.6
58.8
139.7
98.7
89.1
64.4
140.7
74.6
68.1
56.9
139.6
99.9
88.8
63.5
140.3
74.0
67.6
54.1
137.6
101.9
85.2
57.9
138.6
66.9
62.8
46.5
126.0
105.4
83.0
55.7
135.5
62.0
59.6
43.2
129.4
104.7
81.6
57.1
135.9
57.0
61.5
43.0
129.1
110.2
78.5
53.4
130.9
52.7
58.0
35.7
121.8
110.4
75.7
50.3
131.9
54.2
54.2
37.5
118.1
108.1
77.8
51.4
133.5
58.3
55.4
39.1
116.1
1. Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway,
Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom. Data: U.S. Department
of the Treasury.
I
1979
1978
1977
2. Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, United Kingdom. Data: Federal Reserve Board. The index has been revised as a result
of a change in method of computation; for details, see the August 1978 Federal Reserve Bulletin.
The new FRB index was rebased by BE A.
3. Data: International Monetary Fund.
SURVEY OF CURRENT BUSINESS
June 1979
at the end of March 1978. Similarly,
the dollar's value against 22 OECD
currencies was 10 percent above its
October low, but 5 percent below its
.level at the end of March 1978.
Merchandise trade
The merchandise trade balance was
in deficit by $6.1 billion in the first
quarter, the smallest deficit since the
fourth quarter of 1976. The deficit had
been $6.4 billion in the previous
quarter. The $0.3 billion decrease resulted from faster growth in exports
than in imports.
Exports increased $2 billion, or 5
percent, to $41.4 billion; volume increased 2 percent. Nonagricultural ex-
CHART 11
Indexes of Foreign Currency Price of the U.S. Dollar (May 1979=100)
Trade-weighted average against 22 OECD currencies^
I
I
I
I
LMMLMM
I
Trade-weighted average against
I
I
|,,,,,|
I
10 currencies^
100
100
80
60
-
n i l
I
f i l l
I 1 1 1 1 1 1i1 1 1 1 1 1I1 1 1 1 1 1 i1 1 1 1
11
1973
1974
.
.....i IIM.I..
1975
1976
II1
1 i i i f 1 I I i i i 1 l I I i I I t I t I
1977
1978
80
60
1 1 1 1 1 1
1979
Selected currencies^
120
CANADA
120
JAPAN
100 -
'
'—"
100
"
80 -
-
80
60 -
-
60
1 i < . i , 1 i < , i >
40
I
40
100
I , ,.i
• 1
100
NETHERLANDS
FRANCE
——•——
80
80
60
-
1 1 , < 1 I I 1 1 1 I l 1 I . ! 1 I I . 1 1 1
100
60
-
40
I , , , , i I, i , , , 1 i
I i , , , 40
,
100
SWITZERLAND
GERMANY
80
80
60
60
40
40
20
20
i i i I i
160
160
UNITED KINGDOM
ITALY
140
140
120
120
100
100
an I
I
1977
LJJJ
1978
i
1979
1977
1978
I , , , 80
1979
1. Australia, Austria, Belgium-Luxembourg, Canada, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan, the Netherlands, New Zealand,
Norway, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom. Data: U.S. Department of the Treasury.
2. Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, United Kingdom. Data: Federal Reserve Board. The index has been
revised as a result of a change in method of consumption; for details see the August 1978 Federal Reserve Bulletin. The new FRB index was rebased by BEA.
3. Data: International Monetary Fund.
NOTE.—Data are for end of month.
U.S. Department of Commerce, Bureau of Economic Analysis.
79-6-1
29
ports more than accounted for the
increase. They increased 7 percent in
value, to $33.7 billion, and 5 percent
in volume. All major end-use categories
increased; capital goods and industrial
supplies registered the largest increases.
One-half of the total $2.2 billion nonagricultural export rise was accounted
for by exports of chemicals and gold.
Capital goods increased $1 billion;
almost three-fifths of the increase was
in civilian aircraft, probably reflecting
continued modernization of fleets
abroad. Exports of machinery increased
$0.3 billion, led by exports of nonelectrical machinery. Automotive exports
to areas other than Canada increased
$0.2 billion; the "downsizing" of American cars and the lagged effects of the
depreciation of the dollar through most
of 1978 contributed to the increase.
Agricultural exports declined 2 percent, to $7.6 billion; volume declined
more—7 percent—as prices of major
commodities increased. Soybean prices
increased 9 percent, corn 5 percent,
and wheat and cotton 4 percent each.
Exports of grains declined $0.2 billion,
or 6 percent; partly offsetting was an
increase in soybeans exports of $0.1
billion. An increase in agricultural exports to Eastern Europe and to countries
in Asia and Africa was more than offset
by a decline to Latin America, Western
Europe, and Japan.
Imports increased $1.8 billion, or 4
percent, to $47.4 billion; volume was
virtually unchanged. Nonpetroleum imports increased $0.9 billion, to $35.8
billion; volume was unchanged. Capital
goods showed the largest increase—8
percent. Industrial supplies and materials were unchanged. Iron and steel
declined 12 percent, and nonferrous
metals 6 percent; these declines were
offset by increases in paper, nonmetals,
and materials associated with nondurable goods and farm output. Automotive
imports from areas other than Canada
declined 10 percent; sales of imports,
which were strong, led to a reduction in
inventories. Imports of foods declined,
reflecting a 13 percent reduction in
coffee imports.
Petroleum imports, which are not
adjusted for seasonal variation (see
technical notes), increased 8 percent,
to $11.6 billion; volume increased 2
30
percent. The volume increase reflected
some increase in domestic demand and
probably some buying in anticipation
of further price increases. The unit
value index for petroleum was up 5
percent, reflecting the first round of new
OPEC price increases.
The U.S. bilateral trade balances
with most major areas improved, in
most cases reflecting continued export
expansion and a moderation in import
growth. The deficits with Canada, Japan, and non-OPEC developing countries narrowed $0.2 billion each, to $0.5
billion, $2.2 billion, and $0.6 billion,
respectively. The surplus with Western
Europe and Eastern Europe increased
$1.8 billion and $0.3 billion to $3.2
billion and $0.6 billion, respectively, as
exports increased and imports decreased. In contrast, the deficit with
OPEC members increased from $4.7
billion to $5.3 billion, as petroleum imports increased both in volume and
price, and exports, principally to Iran,
declined.
craft deliveries to several countries.
Transportation receipts and payments
both increased slightly. Increased
freight receipts reflected a rise both in
the volume of U.S. exports and in
shipping rates. Increased freight payCHART 12
Selected Capital Flows in U.S.
International Transactions
Billion $
30
CHANGES IN U.S. PRIVATE ASSETS
ABROAD, NET
25
20
15
10
Service transactions
Net service receipts were $7.6 billion
in the first quarter, up from $7.4 billion.
Income receipts on U.S. assets abroad
increased $1.0 billion, to $13.9 billion.
Direct investment income increased
$0.4 billion, to $8.0 billion. Receipts of
interest, dividends, and earnings of
unincorporated affiliates increased $0.6
billion, to $3.9 billion. Reinvested earnings declined $0.3 billion from the
fourth-quarter record, but, at $4.1
billion, remained strong, especially for
the European Communities and Canada. Income from other private assets
increased $0.5 billion, to $5.4 billion,
primarily reflecting higher interest
rates.
Income payments on foreign assets
in the United States increased $0.8
billion, to $7.1 billion, reflecting increases in income payments on U.S.
Government and private assets of $0.3
billion and $0.5 billion, respectively,
both due to higher U.S. interest rates.
Income payments on foreign direct
investments in the United States were
unchanged at $1 billion.
Transfers under military agency sales
contracts increased $0.1 billion, to
$1.8 billion, reflecting stepped-up air-
June 1979
SURVEY OF CURRENT BUSINESS
-5
-10
Bank-Reported Claims
i
i
i
I
1
i
i
I
i
i
i
I
i
i
i
20
CHANGES IN OTHER FOREIGN ASSETS^ IN THE
UNITED STATES, NET
15
Total
10
Bank-Reported Liabilities
-10
1976
1977
1978
1979
1. Assets held by private foreigners and international financial institutions;
excludes assets held by foreign official institutions.
U.S. Department of Commerce, Bureau of Economic Analysis
7 9 . 6 .] 2
ments for petroleum imports were
mostly offset by lower freight payments
for other imports.
U.S. assets abroad
U.S. assets abroad increased $6.2
billion in the first quarter, only 20
percent of the fourth-quarter increase.
A sharp decline in net claims on
foreigners reported by U.S. banks—
in contrast to a substantial increase in
the fourth quarter—more than accounted for the slowdown.
Net claims on foreigners reported by
U.S. banks declined $5.8 billion (capital
inflow), compared with a $22 billion
increase (capital outflow) in the fourth
quarter (chart 12). The shift reflected
the appreciation of the dollar in exchange markets, which led to repayment of some previous dollar borrowings, and higher interest rates in the
United States than abroad, in addition
to the usual reversal of yearend transactions. There was a $3.7 billion reduction in claims among Western European countries. Inflows from France and
United Kingdom were especially large,
partly offset by outflows to BelgiumLuxembourg. Inflows from banks in
the Caribbean and from Asian countries
were $2.7 billion and $0.5 billion,
respectively.
Net capital outflows for U.S. direct
investments abroad increased $1.6 billion, to $6.3 billion. Net outflows for
equity and intercompany accounts increased $1.9 billion, to $2.2 billion:
reinvested earnings of incorporated
affiliates declined $0.3 billion, to $4.1
billion, still a very high level. Among
equity and intercompany accounts, for
petroleum affiliates there was a shift to
qutflows of $0.4 billion from fourthquarter inflows of $1.2 billion. The shift
was more than accounted for by an
affiliate in the Middle East; partly offsetting were smaller outflows to petroleum affiliates in Canada and a shift to
inflows from affiliates in the United
Kingdom. Outflows to nonpetroleum
affiliates increased $0.2 billion, to $1.7
billion. A shift to outflows to Western
European affiliates more than offset a
decrease in outflows to Other Western
Hemisphere affiliates.
U.S. official reserve assets increased
June 1979
$3.6 billion in the first quarter, in contrast to a $0.2 billion decline in the
fourth. U.S. holdings of special drawing
rights (SDKs) increased $1.1 billion,
primarily reflecting the first allocation
of SDKs by the International Monetary
Fund since 1972. Foreign currency
holdings of the United States also increased, reflecting the acquisition of
German marks and Swiss francs from
the sale of U.S. Treasury note issues
denominated in those currencies as part
of the dollar support program announced November 1.
Net U.S. purchases of foreign securities increased $0.1 billion to $1.1
billion. Foreign new issues declined $0.2
billion to $1.5 billion; the absence of
Canadian Government borrowing was
partly offset by an increase in other
Canadian, Western European, and international financial institution new
issues. Net sales and redemptions of
outstanding stocks and bonds were
$0.5 billion, compared with $0.6 billion.
Foreign assets in the United States
Foreign assets in the United States
increased $4.3 billion in the first quarter,
almost $25 billion less than in the
fourth quarter. The slowdown was due
to a reduction in dollar assets of foreign
official agencies.
Foreign official agencies reduced their
dollar assets $8.5 billion (table B). In
contrast, in the fourth quarter, when
the dollar had been under pressure in
exchange markets, they had increased
their dollar assets $18.8 billion. The
first-quarter reduction was largely accounted for by industrial countries,
whose dollar assets declined $7 billion,
primarily reflecting net intervention
sales of dollars by several major
countries—particularly Japan, Germany, and Switzerland—to limit the
depreciation of their currencies during
the quarter. Assets of OPEC members
and non-OPEC developing countries in
the United States decreased $1.1 billion
and $0.4 billion, respectively.
Liabilities to private foreigners and
international financial institutions reported by U.S banks (lines 68, 72, and
73, table 1) increased $10.7 billion,
following a $9.1 billion increase in the
fourth quarter. The sale of mark- and
franc-denonimated U.S. Treasury notes
SUEVEY OF CURRENT BUSINESS
to German and Swiss residents, respectively, accounted for $2.6 billion of
the first-quarter increase. Among other
bank-reported liabilities, there was a
$7.6 billion increase in liabilities to
Caribbean financial centers, compared
with a small decrease in the fourth
quarter. Liabilities to Japan increased
$2.3 billion, and liabilities to Western
Europe decreased $0.4 billion.
Net foreign purchases of U.S. securities other than U.S. Treasury
securities were $0.8 billion, $0.2 billion
more than in the fourth quarter. An
increase in both stock and bond pur-
31
chases was partly offset by net sales of
bonds by international financial institutions. Also, there was a shift to
purchases of U.S. stocks by Western
European countries in the first quarter.
Inflows for foreign direct investments
in the United States increased $0.3
billion, to $1.3 billion. Net inflows on
equity and intercompany accounts more
than accounted for the increase; larger
inflows from the United Kingdom and
Canada were partly offset by smaller
inflows from other Western European
affiliates and larger outflows to other
areas. Reinvested earnings were virtually unchanged.
Technical Notes
AS is customary each June, estimates
of U.S. international transactions are
revised to incorporate new information.
Revised annual estimates for 1960-78
and quarterly estimates for 1970-78 are
presented in tables 1 and 2. Revised
annual estimates for 1970-78 and quarterly estimates for 1977 and 1978 are
presented in table 3. Revised annual
estimates for 1976-78 and quarterly
estimates for 1977 and 1978 are presented in tables 4-10. Table 10a presents revised annual estimates for
1976-78.
Seasonal adjustments for current
account items and for changes in U.S.
Government assets were recalculated by
extending through 1978 the period used
to derive seasonal adjustment factors.
The new factors were applied to quarterly data for 1977 and 1978, with two
exceptions. Beginning with the first
quarter of 1977, seasonal adjustments
for U.S. Government grants, excluding
military grants of goods and services
(table 2, line 34), and U.S. loans and
other long-term assets (table 2, line 44)
were suspended, because these items no
longer showed a statistically significant
seasonal pattern. In addition, a new
method of seasonal adjustment for merchandise exports and imports (table 2,
lines 2 and 18) was introduced by the
Census Bureau in January 1979 and
applied to quarterly data for 1977 and
1978 (see below).
Realized gains and losses on certain
U.S.
Government foreign currency
transactions have been reclassified from
the current to the capital accounts (see
below). The reclassification was applied
to quarterly data beginning in 1961.
Merchandise trade
Seasonally adjusted data for total
exports and imports, Census basis,
(table 3, lines Al and All, respectively)
reflect the new seasonal adjustment
method introduced by the Census
Bureau in January 1979, and applied
retroactively to 1977 and 1978. Under
the new method, export and import
totals represent the sum of seasonally
adjusted Standard International Trade
Classification commodity components.
Component series not exhibiting a
statistically significant seasonal pattern
are not seasonally adjusted. Under the
old method, the export total and the
import total were seasonally adjusted
independent of their components.
As in the past, the seasonally adjusted
quarterly totals, Census basis, represent
the sum of the Census basis 3-month
totals. These totals are then used to
derive seasonally adjusted quarterly
merchandise trade statistics on a balance
of payments basis (table 2, lines 2 and
18, and table 3, lines A10 and A18).
(Text continued on p. 66)
32
June 1979
SUEVEY OF CUREENT BUSINESS
This table presents updated and revised estimates on OPEC transactions in the U.S. international accounts. Previously published estimates and an accompanying article appeared in the April 1978 SURVEY OF C URRENT BUSINESS. The presentation of direct investment-related transactions has been revised to include reinvested earnings of incorporated affiliates.
Table D.—Selected U.S. Transactions with OPEC Members1
[Millions of dollars]
(Credits + ; debits - )
1972
1973
1974
1975
1976
1977
Exports of goods and services:
Merchandise, adjusted, excluding military
Transfers under U.S. military agency sales contracts...
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
2,551
448
125
9
139
5
3,414
657
141
11
146
7
6,219
1,258
181
14
253
7
9,956
1,765
184
20
372
8
11,561
2,995
209
29
590
21
12,877
4,338
185
24
772
17
14,846
4,382
190
39
901
32
Receipts of income on U.S. assets abroad:
Direct investments
Interest, dividends, and earnings of unincorporated
affiliates
Reinvested earnings of incorporated affiliates
Other private receipts
_
U.S. Government receipts
Imports of goods and services:
Merchandise, adjusted, excluding military
Direct defense expenditures..
_
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous servicesPayments of income on foreign assets in the United
States:
Direct investments
Interest, dividends, and earnings of unincorporated
affiliates.
_
Reinvested earnings of incorporated affiliates
Other private payments
U.S. Government payments
U.S. Government grants
_
U.S. Government pensions and other transfers._
U.S. assets abroad, net (increase/capital outflow (—))
U.S. Government assets, other than official reserve
assets, net
_
U.S. loans and other long-term
assets
g
R
t
U
S
l
ye
a
Repayments
on U.S. loans
U.S. fforeign
i
currency holdings
hl
and U.S. short-term
assets, net
U.S. private assets, net
_
Direct investments abroad
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates..
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S.
nonbanking concerns:
Long-term
Short-term
_
U.S. claims reported by U.S. banks, not included
elsewhere:
Long-term
_
Short-term..
._
Foreign assets in the United States, net (increase/capital
inflow (+))
Of which: foreign official
U.S. Treasury securities
Other U.S. securities.
_
Other U.S. Government liabilities
U.S. liabilities reported by U.S. banks, not included
elsewhere:
Long-term
_
Short-term
Direct investments in the United States
Equity and intercompany accounts
_
Reinvested earnings of incorporated affiliates
U.S. liabilities to unaffiliated foreigners reported by
U.S. nonbanking concerns:
Long-term
Short-term
All other transactions with OPEC and transfers of funds
between foreign areas, net
Memorandum:
Balance on merchandise trade
1978
2,751
3,928
6,106
3,717
3,498
3,072
2,866
2,660
91
85
76
3,789
139
166
87
5,671
435
330
105
2,650
1,067
332
118
4,060
-562
405
117
2,774
298
489
134
2,524
342
840
135
-2,974
-105
-5,097
-75
-17,234
-240
(*)
(*)
-20
-34
-18,897
-141
(*)
-27,409
-441
(*)
-35,778
-790
(*)
-31
-56
-60
-5
-11
-5
-3
-574
-650
1
-655
-816
12
-778
-1,093
-19
-9
-1,084
-1,271
-41
-3
-26
-4
-31
-4
-25
-5
-4,225
-1,821
-2,164
-4,227
-44
-256
212
-261
-470
215
-39
-317
-108
-412
315
4,119
-689
-347
-342
-161
-16
-34
n
<*)
C)
-20
-34
(*)
(*)
(*)
-52
-19
-103
-38
-5
(*)
-451
-276
-44
-2
-35
-2
-46
-3
-996
702
-214
-408
194
-391
-594
205
5,912
-211
-436
229
C)
-40
C)
-1,453
(*)
(*)
-68
-70
-28
C)
-2
-4
-782
-294
-203
-91
1,093
1,667
1,806
-139
6,123
7,121
7,556
-435
5
-4,181
-3,022
-1,955
-1,067
32
-1,560
-305
-867
562
35
-2,125
-830
-532
-31
-80
-35
-123
-126
-341
-318
-230
102
-61
44
-415
63
78
-175
-210
-207
-218
45
-581
-5
-638
-76
-1,255
-229
-713
2-3,410
565
362
1,011
705
11,491
10,447
7,926
6,939
10,708
8,955
7,306
6,351
595
-727
184
-26
-141
50
-2
266
5,473
1,191
125
2,426
3,199
946
3,206
3,005
2,351
3,477
2,938
372
-2,503
1,601
495
-23
597
514
41
4,057
801
-170
360
1,278
47
362
3 797
111
111
(*)
-32
-35
-5
-1
-10
2
-12
69
60
-5
150
80
413
7
749
-78
592
19
101
-3
139
-2,512 -4,866
-13,567
206
1,135
11,534
16,694
-11,015
-8,941
-15,848
-22,901
-18,443
(*)
-18
-18
(*)
-8
-423
-1,683
-11
•Less than $500,000 (±).
1. OPEC members are Algeria, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United
Arab Emirates, Venezuela, and associate member Gabon. Individual country information is not available for all accounts;
therefore, some accounts are estimated from regional data.
2. The distinction between long- and short-term claims is not available for 1978 at this time.
3. The distinction between long- and short-term liabilities is discontinued beginning with 1978.
Source: Bureau of Economic Analysis, U.S. Department of Commerce.
SUEVEY OF CUREENT BUSINESS
June 1979
33
Table 1.—U.S. International Transactions
[Millions of dollars]
(Credits + ; debits - ) i
Line
Exports of goods and services 2
_._
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
Other transportation
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners.
Other private services...
U.S. Government miscellaneous services
Receipts cf income on U.S. assets abroad:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates..
Reinvested earnings of incorporated affiliates
Other private receipts..
U.S. Government receipts
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
1960
1961
1962
1963
1964
1965
1966
1967
28,861
19,650
335
919
175
1,607
590
247
570
153
29,936
20,108
31,804
20,781
402
947
183
656
957
191
1,620
1,764
662
244
607
164
800
256
585
195
34,214
22,272
657
1,015
205
1,898
890
273
613
236
38,825
25,501
747
1,207
241
2,076
1,013
301
651
265
41,086
26,461
830
1,380
271
2,175
1,199
335
714
285
44,560
29,310
829
1,590
317
2,333
1,162
353
814
326
47,315
30,666
1,152
1,646
371
2,426
1,354
393
951
52,363
33,626
1,392
1,775
411
2,548
1,430
437
1,024
353
57,522
36,414
1,528
2,043
450
2,652
1,533
486
1,160
343
3,621
2,355
1,266
646
349
3,822
2,768
1,054
4,242
3,044
1,198
793
383
904
473
4,636
3,129
1,507
1,022
499
5,105
3,674
1,431
1,256
462
5,505
3,963
1,542
1,421
510
5,258
3,467
1,791
1,669
599
5,604
3,847
1,757
1,781
636
6,591
4,151
2,440
2,021
756
7,649
4,819
2,830
2,338
925
1969
1,695
1,465
1,537
1,562
1,340
1,636
1,892
2,039
2,547
2,610
-23,729
-14,758
-3,087
-1,750
-513
-1,402
-35
-40
-593
-313
-23,591
-14,537
-2,998
-1,785
-506
-1,437
-43
-46
-588
-406
-25,778
-16,260
-3,105
-1,939
-567
-1,558
-57
-44
-528
-27,047
-17,048
-2,961
-2,114
-612
-1,701
-61
-51
-493
-447
-29,222
-18,700
-2,880
-2,211
-642
-1,817
-67
-60
-527
-535
-32,801
-21,510
-2,952
-2,438
-717
-1,951
-68
-67
-461
-5r.O
-38,599
-25,493
-3,764
-2,657
-753
-2,161
-64
-76
-506
-644
-41,606
-26,866
-4,378
-3,207
-829
-2,157
-62
-104
-565
-631
-48,800
-32,991
-4,535
-3,030
-885
-2,367
-80
-106
-668
-760
-54,129
-35,807
-4,856
-3,373
-1,080
-2,455
-101
-120
-751
-717
-394
-220
-174
-511
-332
-432
-194
-238
-535
-278
-399
-185
-214
-586
-339
-459
-223
-236
-701
-401
-529
-202
-327
-802
-453
-657
-299
-358
-942
-711
-372
-339
-1,221
-549
-821
-381
-440
-1,328
-598
-876
-1,800
-702
-848
-417
-431
-3,244
-777
-1,695
-2,308
-1,465
-2,524
-1,537
-2,638
-1,562
-2,754
-1,340
-2,781
-1,636
-2,854
-1,892
-2,932
-2,039
-3,125
-2,547
-2,952
-2,610
-2,994
35
36
U.S. Military grants of goods and services, net
._
Unilateral transfers (excluding military grants ol goods and services), net.
U.S. Government grants (excluding military grants of goods and services)
U.S. Government pensions and other transfers
Private remittances and other transfers...
-1,672
-214
-423
-1,855
-235
-434
-1,916
-245
-477
-1,917
-262
-575
-1,888
-279
-614
-1,808
-369
-677
-1,910
-367
-655
-1,805
-441
-879
-1,709
-407
-1,649
-406
37
U.S. assets abroad, net (increase/capital outflow ( - ) )
-4,099
-5,537
-4,175
-7,270
-9,559
-5,715
-7,319
-9,758
-10,977
-11,585
2,145
1,703
607
857
1,535
378
461
171
125
1,225
1,665
570
571
53
1,170
-870
1,173
-1,179
-967
442
-135
-115
626
19
29
-112
-220
-94
-346
537
-538
-94
-1,023
-870
-1,173
-1,034
822
16
Transfers of goods and services under U.S. military grant programs, net-
17
18
19
20
21
22
23
24
25
26
Imports of goods and services
Merchandise, adjusted, excluding military 3
Direct defense expenditures..
Travel..
Passenger fares
Other transportation..
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners.
Private payments for other services
U.S. Government payments for miscellaneous services
Payments of income on foreign assets in the United States:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private payments
U.S. Government payments
27
28
29
30
31
32
33
34
_.
4
38
39
40
41
42
U.S. official reserve assets, n e t .
Gold....
Special drawing rights
Reserve position in the International Monetary F u n d .
Foreign currencies
43
44
45
46
U.S. Government assets, other than official reserve assets, net
U.S. loans and other long-term assets
Repayments on U.S. loans 5_.
U.S. foreign currency holdings and U.S. short-term assets, net
-1,100
-1,214
642
-528
-910
-1,928
1,279
-261
-1,085
-2,128
1,288
-245
-1,662
-2,204
988
-447
-1,680
-2,382
720
-19
-1,605
-2,463
874
-16
-1,543
-2,513
1,235
-265
-2,423
-3,638
1,005
209
-2,274
-3,722
1,386
62
-2,200
-3,489
1,200
47
48
49
50
51
U.S. private assets, net
--Direct investment
Enuity and intercompany accounts
Reinvested earnings of incorporated affiliates
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns:
Long-term
Short-term
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term
—
Short-term
-5,144
-2,940
-1,674
-1,266
-5,234
-2,652
-1,598
-1,054
-762
-4,624
-2,852
-1,654
-1,198
-5,986
-3,483
-1,976
-1,507
-1,105
-8,049
-3,759
-2,328
-1,431
-677
-5,335
-5,010
-3,468
-1,542
-759
-6,345
-5,416
-3,625
-1,791
-720
-7,387
-4,806
-3,049
-1,757
-1,308
-7,833
-5,295
-2,855
-2,440
-1,569
-8,206
-5,960
-3,130
-2,830
-1,549
-40
-354
-127
-431
-132
-222
162
-5
-485
-623
-112
-281
-498
-220
-424
429
-153
-995
-136
-1,125
-126
-324
-775
-781
-981
-1,524
-232
325
317
235
-730
-105
297
-867
2,294
2,705
1,911
3,217
3,643
7,379
9,928
12,702
3,451
2,261
2,222
-1,301
-2,343
1,106
-774
-769
-798
29
-15
10
10,703
807
319
488
136
4,414
14,002
1,263
832
431
-68
3,130
701
91
160
8,726
Foreign assets in the United States, net (increase/capital inflow ( + ) ) .
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury securities «
Other 7
___.
Other U.S. Government liabilities 8
U.S. liabiliies reported by U.S.
banks,
not
included
eslewhere.
Other foreign official assets 9
Other foreign assets in the United States, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns:
Long-term
Short-term
U.S. liabilities
reported by U.S. banks, not included elsewhere:
Long-term 10
Short-term i°.
Allocations of special drawing rights..
Statistical discrepancy (sum of above items with sign reversed)
81
Memoranda:
Balance on merchandise trade (lines 2 and 18)
Balance on goods and services (lines 1 and 17) «
Balance on goods, services, and remittances (lines 77, 35, and 36)
Balance on current account (lines 77 and 33) «
Transactions in U.S. official reserve assets and in foreign official assets in
the United States:
Increase ( - ) in U.S. official reserve assets, net (line 38)
Increase (+) in foreign official assets in the Unted States (line 57 less line
61)
See footnotes on page 54.
294-398
0 - 7 9 - 5
1,473
655
655
765
233
233
215
-84
742
3,661
1,660
432
434
-2
298
134
-141
-134
-7
65
210
25
508
1,270
1,409
1,410
-1
152
-291
1,986
816
803
12
429
742
821
315
141
174
-364
282
311
73
238
151
324
641
346
132
214
-66
134
1,231
231
-5
236
-149
287
322
-5
327
-146
-85
607
415
57
358
-131
-358
4,333
425
-356
906
3,9£8
698
258
440
-135
1,016
1
-91
50
176
-112
-13
-23
-38
113
29
149
180
296
85
499
6
672
-5
5
331
53
845
1,730
241
262
188
2,694
158
1,607
715
759
72
3,799
-1,124
-360
-907
-458
629
-205
438
-1,516
-1,019
-672
-1,527
-1,548
21
113
742
251
792
4,892
5,132
4,496
2,824
5,571
6,345
5,676
3,821
4,521
6,026
5,304
3,388
5,224
7,167
6,331
4,414
6,801
9,603
8,710
6,822
4,951
8,284
7,238
5,431
3,817
5,961
4,939
3,029
3,800
5,709
4,389
2,584
635
3,563
2,320
611
607
3,393
2,048
2,145
607
1,535
378
171
1,225
570
53
-870
-1,179
1,258
741
1,118
1,558
1,362
-785
3,368
-759
-1,552
SURVEY OF CURRENT BUSINESS
34
June 1979
Table 1.—U.S. International
[Millions of
(Credits + ; debits - ) i
Lim
13
14
15
Exports of goods and services 2
_
Merchandise, adjusted, excluding military 3
_
Transfers under U.S. military agency sales contracts
Travel
_
—
Passenger fares
Other transportation
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services.._
Receipts of income on U.S. assets abroad:
Direct investment
Interest, dividends, and earnings of unincorporated affiliatesReinvested earnings of incorporated affiliates
Other private receipts
U.S. Government receipts
16
Transfers of goods and services under U.S. military grant programs, net.
17
18
19
20
21
22
23
24
25
26
Imports of goods and services
Merchandise, adjusted, excluding military
Direct defense expenditures
Travel-
27
28
29
30
31
3
-
Other transportation
Fees and royalties to affiliated foreigners.
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous services.
Payments of income on foreign assets in the United States:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates.
Reinvested earnings of incorporated affiliates
Other private payments
U.S. Government payments
1970
1971
1972
65,666
42,469
1,501
2,3^1
544
3,125
1,758
573
1,287
332
43,319
1,926
2,534
615
3,299
1,927
618
1,539
347
8,168
4,992
3,176
2,671
907
2,713
-60,032
-39,866
-4,855
-3,980
-1,215
-2,843
-111
-114
-810
-725
1973
1974
1975
1976
1977
1978
77,491
49,381
1,364
2,817
699
3,579
2,115
655
1,764
354
110,214
71,410
2,559
3,412
975
4,465
2,513
712
1,960
146,604
98,306
3,379
4,032
1,104
5,697
3,070
751
2,259
419
155,721
107,088
4,049
4,697
1,039
5,840
3,543
757
2,920
171,761
114,745
5,574
5,742
1,229
6,760
3,531
822
3,584
184,592
120,816
7,441
6,150
1,366
7,267
3,793
920
3,769
485
220,849
141,884
7,744
7,284
1,583
8,151
4,806
1,065
4,284
585
9,159
5,983
3,176
2,641
906
10,949
6,416
4,532
2,949
866
16,542
8,384
8,158
4,330
936
19,157
11,379
7,777
7,356
1,074
16,595
8,547
8,048
7,644
1,112
18,999
11,303
7,696
8,955
1,332
20,081
12,795
7,286
10,881
1,625
25,656
13,593
12,063
15,964
1,845
3,546
4,492
2,810
1,818
2,207
373
204
259
-132,769 -162,159
-98,041 -124,051
-4,795
-4,900
-6,417
-6,856
-2,263
-2,568
-5,621
-6,772
-287
-293
-189
-186
-1,991
-1,551
-1,227
-1,044
-194,015
-151,689
-5,762
-7,451
-2,748
-7,784
-243
-191
-2,192
-1,358
-229,658
-176,071
-7,252
-8,475
-2,922
-8,606
-396
-214
-2,359
-1,545
-66,548 -79,381
-99,191 -137,306
-55, 797 -70,499 -103,649
-45,579
-4,819 12 - 4 , 784 12 -4,629
-5,032
-5,042
-5,526
-4,373
-5,980
-1,290
-1,790
-2,095
-1,596
-4,694
-5,942
-3,130
-3,520
-209
-118
-155
-160
-123
-139
-176
-186
-935
-1,017
-1,152
-1,211
-746
-788
-862
-967
-875
-441
-434
-3,617
-1,024
-1,164
-621
-542
-2,428
-1,844
-1,256
-687
-569
-2,604
-2,684
-1,610
-699
-910
-4,209
-1,331
-266
-1,065
-6,491
-4,262
-2,234
-1,046
-1,189
-5,788
-4,542
-3,110
-1,451
-1,659
-5,681
-4,520
-2,834
-1,248
-1,586
-6,224
-5,540
-3,958
-1,628
-2,329
-9,188
-8,674
32
33
34
35
U.S. military grants of goods and services, net
Unilateral transfers (excluding military grants of goods and services), net
U.S. Government grants (excluding military grants of goods and services).
U.S. Government pensions and other transfers...
Private remittances and other transfers
-2,713
-3,294
- 1 , 736
-462
-1,096
-3,546
-3,701
-2,043
-542
-1,117
-4,492
-3,854
-2,173
-572
-1,109
-2,810
-3,881
-1,938
-693
-1,250
-1,818
-7,186
-5,475
-694
-1,017
-2,207
-4,613
-2,894
-813
-906
-373
-4,998
-3,146
-934
-917
-204
-4,670
-2,775
-971
-924
-259
-5,086
-3,152
-1,086
-848
37
U.S. assests abroad, net (increase/capital outflow ( - ) )
-9,336
-12,474
-14,497
-22,874
-34,745
-39,703
-51,269
-35,793
-60,957
2,481
787
-851
389
2,156
2,349
866
-249
1,350
382
-4
547
-703
153
-1
158
-1,467
-849
-2,558
9
-33
182
-172
-1,265
-30
-66
-466
-317
-78
-2,212
-375
-118
-121
-294
158
732
-65
1,249
4,231
-4,683
-1,589
- 3 , 293
1,721
-16
-1,884
-4,181
2,115
182
-1,568
-3,819
2,086
165
-2,644
-4,638
2,596
-602
-5,001
« 4,826
"541
-3,474
-5,941
2,475
-9
-4,214
-6,943
2,596
133
-6,445
2,719
33
-4,656
-7,470
2,938
-124
-10,228
-7,589
-4,413
-3,176
-1,076
-12, 939
- 7 , 617
-4,441
-3,176
-1,113
-12,925
-7,747
-3,214
-4,532
-618
-20,388
-11,353
-3,195
-8,158
-671
-33,643
-9,052
-1,275
-7,777
-1,854
-35,380
-14,244
-6,196
-8,048
-6,247
-44,498
-11, 949
-4,253
-7,696
-8,885
-31,725
-12,898
-5,612
-7,286
-5,460
-57,033
-16,670
-4,606
-12,063
-3,487
-243
-811
-1,987
-474
-2,747
-1,183
-991
-42
-2,254
-99
-1,841
-53
-3,800
-2,357
-11,175
-2,362
-19,006
-751
-10,676
"-33,023
39
40
41
42
U.S. official reserve assets, n e t 4 .
Gold
Special drawing rights
Reserve position in the International Monetary F u n d .
Foreign currencies
43
44
45
46
U.S. Government assets, other than official reserve assets, net
U.S. loans and other long-term assets
Repayments on U.S. loans «
_
U.S. foreign currency holdings and U.S. short-term assets, net
47
48
49
50
51
U.S. private assets, net
Direct investment
_
_
Equity and intercompany accounts.._
_
Reinvested earnings of incorporated affiliates
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
_
Short-term
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term
Short-term...
52
53
54
55
56
Foreign assets in the United States, net (increase capital inflow ( + ) ) .
57
58
59
60
61
62
63
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury
securities «
Other 7
Other U.S. Government liabilities »
U.S. liabilities reported by 9U.S. banks, not included elsewhere
Other foreign official assets
64
65
66
67
68
Other foreign assets in the United States, net
Direct investment..
Equity and intercompany accounts
_
Reinvested earnings of incorporated affiliates
U.S. Treasury securities
_
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
_
Short-term
_
_
U.S. liabilitiesl0 reported by U.S. banks, not included elsewhere:
Long-term
_
Short-term >°
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)
81
Memoranda:
Balance on merchandise trade (lines 2 and 18)
Balance on goods and services (lines 1 and 17) "
Balance on goods, services, and remittances (lines 77, 35, a n d 3 6 ) . . .
Balance on current account (lines 77 and 33) »
Transactions in U.S. official reserve assets and in foreign official assets in the United
States:
Increase ( - ) in U.S. official reserve assets, net (line 38)
Increase (+) in foreign official assets in the United States (line 57 less line 61)
See footnotes on page 54.
-586
-10
-1,061
155
-1,122
-612
-2,368
-1,307
-5,047
-2,199
18,388
34,241
15,420
36,399
50,823
63,713
10,546
4,172
3,270
902
301
5,818
254
6,777
5,313
4,408
905
1,517
-2,158
2,104
17,573
9,892
9,319
573
4,507
969
2,205
36,656
32,538
30,230
2,308
1,240
773
2,105
33,758
24,198
23,542
656
2,754
5,411
1,395
-3,909
367
-175
542
-24
2,289
10,475
8,470
8,213
257
182
1,638
185
10, 986
949
380
569
-39
4,507
6,026
641
59
582
936
4,126
323
12,362
2,800
1,890
910
-216
4,041
23,696
4,760
8,643
2,603
1,414
1,189
2,590
2,503
18,826
4,347
2,687
1,659
2,783
1,284
14,167
3,728
2,142
1,586
534
2,713
29, 956
6,294
3,964
2,329
« 2,180
2,867
1,112
902
384
-15
594
221
737
-90
1,934
-1,000
422
-520
993
-194
1,834
23
-6,321
867
-230
-250
-6, 661
717
-9,794
149
4,605
710
-1,930
227
4,475
9
16,008
406
-87
-280
908
231
10, 759
373
6,346
16,975
-2,655
-1,609
5,944
10,265
-937
11,139
2,603
5,634
4,076
2,340
-2,260
2,282
624
-1,419
-6,416
-1,889
-3,571
-5,744
911
11,022
9,079
7,141
-5,343
9,298
7,587
2,113
9,047
22, 952
21,234
18,339
-9,306
9,603
7,752
4,605
-30,873
-9,423
-11,317
-14,092
-34,187
-8,809
-10,743
-13,895
2,481
7,364
2,349
27,389
-4
10,293
158
5,090
-1,467
10,244
-849
5,259
-2,558
13,066
-375
35,416
732
31,004
6,359
22,970
9,439
9,411
28
-456
-2,075
26,879
26,570
26,578
-8
-510
819
-550
1,464
1,030
434
81
2,189
21,461
1,065
697
378
SURVEY OF CUKEENT BUSINESS
June 1979
35
Transactions-—Continued
dollars]
1971
1970
1972
1973
Line
I
II
III
IV
15,650
10,247
268
507
103
704
390
132
322
81
17,269
11,149
487
624
143
805
449
140
318
83
15,961
10,141
313
699
181
845
429
147
323
86
16,787
10,932
433
501
117
772
490
154
325
83
2,043
1,391
652
653
200
2,148
1,126
1,022
684
240
1,959
1,112
847
661
179
2,019
1,364
655
673
288
I
II
III
IV
16,986
11,031
484
552
124
774
425
155
350
85
17,972
11,341
577
653
157
892
479
155
372
98
17,209
10,855
433
751
190
913
451
154
397
80
16,662
10,092
432
578
144
720
573
153
421
84
2,172
1,268
904
660
173
2,376
1,514
862
642
231
2,168
1,119
1,049
648
171
2,442
2,081
361
692
331
I
II
III
IV
18,372
11,916
349
604
135
789
473
157
438
82
19,125
12,074
368
742
180
904
531
161
441
95
18,614
11,619
285
840
216
957
510
166
440
90
21,380
13,772
362
631
167
929
602
171
445
87
23,885
15,610
382
788
197
1,005
570
172
474
84
2,534
1,338
1,196
708
188
2,735
1,397
1,338
697
198
2,561
1,408
1,153
752
179
3,119
2,273
846
793
302
976
I
II
III
IV
27,045
17,642
558
860
243
1,134
589
176
482
97
27,219
17,220
556
1,007
323
1,215
646
180
492
128
32,065
20,938
1,063
757
212
1,111
709
184
513
90
1
2
3
4
5
6
7
8
9
10
3,520
1,926
1,593
879
204
4,059
1,858
2,201
988
218
4,110
1,761
2,349
1,160
183
4,854
2,840
2,014
1,304
331
11
12
13
14
15
723
868
785
433
16
-20,867 -22,291 -25,112
-15,087 -16,178 -17,630
12 -1,185 -1,169 12-1,231
-943
-930
-1,584
-303
-358
-610
-929
-1,055
-1,158
-43
-56
-49
-38
-40
-43
-258
-282
-284
-206
-174
-173
-25,316
-17,278
-1,067
-1,995
-510
-1,270
-46
-46
-286
-283
-26,473
-19,413
-1,162
-1,017
-312
-1,212
-58
-47
-300
-232
17
18
19
20
21
22
23
24
25
26
559
739
735
680
883
875
733
1,056
1,245
982
1,290
-13,957
-9,474
-1,178
-632
-224
-606
-23
-32
-193
-161
-15,253
-10,034
-1,259
-1,046
-382
-728
-30
-29
-204
-151
-15,696
-9,836
-1,211
-1,607
-398
-789
-28
-27
-207
-210
-15,126
-10,522
-1,208
-695
-211
-719
-30
-26
-207
-202
-14,950
-10,471
-1,174
-731
-210
-719
-29
-27
-223
-151
-17,278
-11, 975
-1,206
-1,165
-428
-Sl8
-27
-29
-232
-159
-17,927
-11,845
-1,203
-1,677
-392
-859
-30
-32
-240
-231
-16,393
-11,288
-1,236
-800
-260
-734
-32
-35
-240
-205
-18,499
-13,358
-1,222
-862
-280
-820
-38
-31
-254
-164
-19,719
-13,643
-1,272
-1,364
-527
-859
-39
-34
-257
-173
-20,296
-13,709
-1,105
-1,873
-486
-913
-34
-36
-248
-245
-236
-125
-111
-995
-204
-215
-97
-118
-933
-243
-226
-98
-127
-884
-273
-199
-120
-79
-805
-304
-255
-177
-78
-641
-320
-293
-137
-156
-555
-390
-304
-160
-144
-602
-512
-312
-147
-164
-630
-622
-272
-187
-85
-585
-614
-307
-150
-157
-612
-631
-292
-138
-154
-670
-687
-386
-212
-174
-737
-752
-404
-144
-260
-814
-830
-435
-184
-252
-955
-960
-364
-176
-188
-1,159
-1,014
-406
-195
-211
-1,282
-1,031
27
28
29
30
31
-559
-793
-444
-100
-249
-739
-862
-444
-118
-301
-735
-805
-400
-122
-283
-680
-833
-448
-122
-264
-883
-827
-466
-124
-238
-875
-942
-525
-142
-275
-733
-947
-504
-138
-305
-1,056
-986
-548
-138
-300
-1,245
-995
-605
-142
-248
-982
-1,024
-598
-142
-284
-1,290
-945
-536
-121
-288
-976
-890
-435
-166
-289
-723
-745
-376
-172
-197
-868
-1,103
-685
-171
-247
-785
-877
-449
-179
-250
-433
-1,157
-429
-172
-556
32
33
34
35
36
-3,558
-2,688
-1,447
-1,642
-3,616
-3,334
-2,867
-2,656
-4,912
-2,501
-3,211
-3,873
-8,009
-4,441
-3,030
-7,394
37
-386
-44
-920
-253
831
1,025
14
-37
227
821
802
395
-34
406
35
1,040
422
140
9
469
151
109
-592
255
379
839
456
196
252
-65
1,377
300
150
851
76
-18
1
—3
-8
-8
-90
544
-710
-1
77
-60
50
213
11
-23
-43
7
185
-252
96
3
-15
108
-16
66
-13
226
9
8
-6
-13
-10
(*)
-15
-28
38
39
40
41
42
-485
-877
373
20
-440
-929
526
-37
-352
-704
308
44
-312
-783
514
-43
-663
-1,258
515
80
-656
-1,299
564
79
-318
-732
408
6
-246
-891
628
17
-302
-904
494
108
-340
-953
600
14
-456
-817
347
14
-469
-1,144
644
30
-680
-1,301
651
-30
-483
-1,337
879
-25
-533
-1,027
463
31
-948
-974
604
-579
43
44
45
46
-2,687
-2,204
-1,552
-652
-306
-3,273
-2,651
-1,629
-1,022
80
-1,897
-1,629
-782
-847
-517
- 2 , 370
-1,105
-450
-655
-333
-3,104
-2,396
-1,492
-904
-408
-3,517
-2,463
- 1 , 601
-862
-368
-3,926
- 2 , 266
-1,217
-1,049
-346
-2,392
-492
-131
-361
9
-4,519
-2,766
-1,570
-1,196
-476
-2,101
-1,743
-406
-1,338
-318
-2,851
-2,192
-1,040
-1,153
203
-3,454
-1,046
-199
-846
-28
-7,542
-3,800
-2,207
-1,593
55
-3,969
-2,918
-717
-2,201
-86
-2,474
-2,075
275
-2,349
-196
-6,402
-2,560
-546
-2,014
-445
47
48
49
50
51
-381
-59
-12
-145
-129
72
-64
122
-33
-391
1
-180
-37
-207
-99
-283
-74
-238
-64
-114
20
-157
-125
-302
-136
-673
-50
-152
-155
-347
-55
-815
52
53
14
249
49
-594
12
293
80
-1,070
15
109
-153
-355
-247
-822
-227
-1,300
-189
-777
-346
484
-360
-365
-412
-1,541
-273
-2,715
-326
-437
176
123
-510
-2,018
54
55
1,726
1,765
2,143
725
2,458
5,913
9,194
5,405
4,148
4,730
6,859
5,724
10,743
3,056
2,167
2,422
56
2,321
1,758
1,760
-2
—41
604
789
1,738
1,706
32
-257
-692
1,840
2,735
2,737
-2
31
-926
1,958
3,208
3,208
5,543
5,305
5,309
—4
-79
316
11,108
10, 724
10, 726
-2
-215
599
5,738
5,745
5,745
-134
127
2,473
3,042
2,806
236
-131
-438
857
196
173
23
62
598
5,545
5,324
5,326
-2
85
74
62
1,601
-92
-92
-189
-1,061
4,490
4,796
4,798
-2
-84
-223
166
1,404
123
9,937
8,535
7,809
726
166
997
239
-403
-2,562
-2,750
188
388
1,688
84
-772
-1,562
-1,564
2
133
657
-2,736
-3,770
-3,436
-334
250
784
57
58
59
60
61
62
63
-595
601
491
111
16
304
975
222
104
118
-35
374
303
372
245
127
1
720
-1,233
269
190
79
99
792
- 2 , 032
196
118
78
179
559
371
140
-16
156
1,862
196
- 1 , 914
-293
-437
144
-795
626
-334
325
160
164
-1,270
908
1,675
-136
-221
85
-3
1,059
3,873
373
216
157
-83
961
1,315
309
156
154
-12
718
4,123
402
229
174
59
1,769
806
631
371
260
-119
1,718
3,458
835
583
252
-185
489
2,940
539
351
188
-205
1,173
5,159
795
584
211
293
662
64
65
66
67
68
69
90
100
325
168
200
211
497
423
164
-265
32
-79
-191
168
379
161
-83
45
226
42
142
-44
309
178
244
2
60
-6
182
272
-188
469
70
71
7
-1,713
867
65
19
-97
22
-1,223
-25
-3,288
-61
-1,720
-71
-1,358
34
-870
-73
274
-61
1,467
153
-1,823
78
2,187
28
951
-32
3,160
-156
91
-2,332
-4,663
-2,031
200
592
710
1,176
83
2,272
-229
-152
-2,713
717
-768
-611
-1,022
-1,474
-3,584
555
-163
536
72
73
74
75
773
1,693
1,343
899
1,115
2,016
1,597
1,153
305
266
-139
-539
410
1,660
1,275
827
560
2,037
1,675
1,210
-634
694
277
-248
-990
-717
-1,160
-1,664
-1,196
269
-169
-717
-1,442
-127
-517
-1,122
-1,569
-594
-1,020
- 1 , 618
-2,090
-1,682
-2,091
-2,627
-1,315
513
58
-377
-568
1,594
1,225
849
12
1,933
1,515
831
-58
1,903
1,474
1,026
1,525
5,592
4,864
4,435
76
77
78
79
-386
2,362
1,025
1,046
802
1,809
1,040
2,147
151
4,573
839
5,621
1,377
11,323
-18
5,872
-90
2,604
-60
794
96
5,460
50
1,435
213
9,771
11
-790
-23
-905
-43
-2,986
80
81
SUEVEY OF CUEEENT BUSINESS
36
June 1979
Table 1.—U.S. Internationa]
[Millions
1974
II
Exports of goods and services 2
Merchandise, adjusted, excluding military3
Transfers under U.S. military agency sales contracts
Travel
.
Passenger fares
.
Other transportation
Fees and royalties from affiliated foreigners
_
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
Receipts of income on U.S. assets abroad:
Direct investment
_
Interest, dividends, and earnings of unincorporated affiliates..
Reinvested earnings of incorporated affiliates
.
Other private receipts....
U.S. Government receipts
--
Transfers of goods and services under U.S. military grant programs, net..
Imports of goods and services _
__
Merchandise, adjusted, excluding military3
Direct defense expenditures
Travel
Passenger fares
Other transportation
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services
-U.S. Government payments for miscellaneous services
Payments of income on foreign assets in the United States:
Direct investment
._
-Interest, dividends, and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private payments
U.S. Government payments
U.S. military grants of goods and services, net
Unilateral transfers (excluding military grants of goods and services), net
--
U.S. Government grants (excluding military grants of goods and services).
U.S. Government pensions and other transfers
Private remittances and other transfers
-
U.S. assets abroad, net (increase/capital outflow (-))
U.S. official reserve assets, net *
Gold
Special drawing rights
Reserve position in the International Monetary Fund.
Foreign currencies
U.S. Government assets, other than official reserve assets, net
U.S. loans and other long-term assets
Repayments on U.S. loans 5
U.S. foreign currency holdings and U.S. short-term assets, net
U.S. private assets, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns:
Long-term
__
Short-term
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term
Short-term
—
67
1975
(Credits +; debits - ) '
Line
Foreign assets in the United States, net (increase/capital inflow (+)).
Foreign official assets in the United States, net
U.S. Government securitiesfl
r
U.S. Treasury securities
Other 7
Other U.S. Government liabilities 8
U.S. liabilities reported by U.S. banks, not included elsewhere..
Other foreign official assets 9
Other foreign assets in the United States, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns:
Long-term
Short-term
U.S. liabilities
reported by U.S. banks, not included elsewhere:
Long-term10
Short-term io
Allocations of special drawing r i g h t s . Statistical discrepancy (sum of above items with sign reversed)
III
IV
II
III
IV
34,242
22,767
700
951
233
1,263
670
186
530
89
37,737
25,295
950
1,005
266
1,488
754
187
545
106
35,326
23,154
809
1,180
355
1,500
746
189
573
111
39,300
27,090
921
896
249
1,446
900
189
612
113
38,845
27,262
957
1,207
223
1,375
827
189
668
102
38,542
26,850
918
1,150
224
1,485
898
189
708
129
36,696
24,638
982
1,320
370
1,501
846
189
746
106
41,639
28,338
1,193
1,020
222
1,479
971
191
797
101
5,215
2,832
2,383
1,396
244
5,118
2,233
2,885
1,746
276
4,382
2,293
2,090
2,106
220
4,441
4,022
420
2,108
335
3,907
1,991
1,916
1,920
207
3,930
1,928
2,002
1,801
260
1,844
1,955
1,933
267
4,959
2,784
2,176
1,990
378
405
565
352
496
787
1,202
55
163
-29,080
-22,103
-1,153
-1,013
-378
-1,261
-43
-48
-297
-185
-35,158
-26,514
-1,298
-1,661
-685
-1,486
-41
-47
-302
-194
-36,577
-26,920
-1,265
-2,115
-595
-1,603
-38
-46
-301
-349
-36,491
-28,112
-1,316
-1,191
-437
-1,593
-38
-45
-311
-239
-33,073
-24,931
-1,317
-1,138
-475
-1,398
-81
-46
-360
-198
-31,721
-23,082
-1,185
-1,649
-664
-1,328
-83
-47
-375
-220
-33,730
-24,178
-1,096
-2,300
-657
-1,438
-54
-46
-394
-34,246
-25,850
-1,198
-1,330
-467
-1,458
-69
-47
-422
-323
-364
-45
-319
-1,268
-967
-360
-81
-279
-1,524
-1,047
-410
-11
-399
-1,845
-1,693
-197
-128
-69
-1,855
-1,157
-428
-243
-185
-1,514
-1,187
-601
-257
-344
-1,387
-1,101
-704
-276
-428
-1,419
-1,140
-502
-270
-232
-1,468
-1,113
-405
13-2,949
13-2,609
-107
-233
-565
-1,944
-1,481
-189
-275
-352
-1,224
-764
-204
-257
-496
-1,068
-622
-194
-252
-787
-1,163
-751
-200
-212
-1,202
-1,204
-803
-197
-203
-55
-1,018
-565
-204
-250
-163
-1,229
-776
-213
-241
-6,142
-10,702
-7,631
-10,270
-10,875
-9,882
-4,980
-13,966
-246
-358
-1,002
-333
-161
-209
-37
-29
-244
-85
-123
-728
-151
-20
-84
243
-4
-307
-16
-16
-7
-5
-25
-95
-213
-21
-57
13 1,212
-1,331
13 2,723
I' - 1 8 1
222
-1,318
948
591
-216
-858
498
144
-851
-1,495
656
-13
-1,088
-1,660
542
29
-883
-1,583
707
-7
-626
-1,245
574
45
-877
-1,453
653
-76
-7,107
850
3,233
-2,383
-600
-10,565
-2.128
757
-2,885
-272
-6,413
-4,460
-2,370
-2,090
-282
-9,557
-3,314
-2,894
-420
-9,459
-4,109
-2,193
-1,916
-1,931
-8,971
-4,274
-2,272
-2,002
-985
-4,022
-1,495
460
-1,955
-12,928
-138
411
-208
-585
23
330
75
37
-130
—334
-549
-618
-31
-919
-4,367
-128
-1,985
-327
See footnotes on page 54.
-2,190
-2,176
-2,393
-178
-5,066
-913
-6,664
-2,032
-180
-4,571
-461
-3,311
-359
-3,466
6,314
9,662
9,103
9,163
2,587
3,971
2,691
6,171
2,845
1,432
1,117
315
517
134
762
-1,138
-1,132
-903
-229
10
-22
4,434
3,082
2,946
136
-53
1,341
64
3,062
-514
-905
391
331
3,246
-1
4,188
2,736
2,132
604
14
1,253
185
3,419
5,858
5,358
500
395
-3,203
2,244
845
780
65
360
591
448
-1,731
-2,822
-2,847
25
246
320
525
7,452
1,784
1,465
319
136
712
5,228
539
260
279
-240
6,041
1,610
1,211
399
200
227
4,975
828
759
69
601
-925
-832
278
93
185
692
344
1,727
870
526
344
-390
385
4,422
86
-342
428
2,124
737
3,326
1,369
1,137
232
164
-41
395
-264
754
-160
475
-1
61
-6
-124
-39
109
-41
155
4,311
-40
3,805
-113
3,723
-25
-2,479
-287
1,094
-114
1,752
146
541
-2,385
406
1,004
-634
3,679
294
341
1,630
664
5,162
4,822
2,213
-1,219
2,579
2,115
635
-3,766
-1,251
-1,712
-2,475
-1,022
2,362
1,740
2,331
5,772
5,360
4,609
3,768
6,821
6,421
5,618
460
2,967
2,513
1,949
2,488
7,393
6,940
6,164
-246
-1,148
-358
4,487
-1,002
2,731
139
4,174
-327
3,024
-28
1,884
-333
-1,977
-161
2,328
Memoranda:
Balance on merchandise trade (lines 2 and 18) 11
Balance on goods and services (lines 1 and 17)
Balance on goods, services, and remittances (lines 77, 35, and 36)
Balance on current account (lines 77 and 33)11
Transactions in U.S. official reserve assets and in foreign official assets in the
United States:
Increase (-) in U.S. official reserve assets, net (line 38)
Increase (+) in foreign official assets in the United States (line 57 less line 61)
-4,r
SUKVEY OF CURRENT BUSINESS
June 1979
37
Transactions—Continued
of dollars]
1977
1976
1979
1978
Line
I
II
III
IV
I
II
IV
III
I
II
55,754
36,599
1,990
1,872
40,525
27, 301
1,237
1,320
228
1,507
841
195
824
125
43,618
29,419
1,219
1,482
300
1,752
888
201
876
121
42,057
27,433
1,478
1,748
428
1,792
857
209
924
117
45,561
30,592
1,640
1,192
273
1,709
945
217
961
124
44,446
29,417
1,854
1,417
247
1,676
816
220
947
135
48,138
32,092
1,851
1,575
348
1,921
926
226
939
121
28, 993
1,877
1,787
456
1,914
971
234
935
118
46,787
30,314
1,860
1,371
315
1,756
1,080
241
948
111
48,643
30,789
1,924
1,659
4,587
2,824
1,763
2,075
286
4,888
2,383
2,505
2,151
321
4,368
2,377
1,991
2,376
328
5,157
3,719
1,438
2,354
397
4,912
2,931
1,981
2,479
327
5,150
3,159
1,990
2,547
444
4,755
2,927
1,828
2,791
390
50
87
152
83
39
53
-36,803
-28,137
-1,156
- 1 , 262
-559
-1,536
-87
-47
-451
-249
-39,868
-30, 368
-1,219
- 1 , 765
-752
- 1 , 639
-85
-47
-479
-246
-42,470
-31, 937
-1,237
-2,391
-723
-1,799
-58
-47
-516
-432
-43,018
-33, 609
-1,288
-1,438
-534
-1,799
-64
-48
-546
-300
-45,801
-36,487
-1,345
-1,387
-602
-1,864
-69
-48
-541
-348
-892
-350
-541
-1,359
-1,069
-726
-301
-425
-1,457
-1,085
-724
-274
-450
-1,439
-1,167
-768
-526
-243
-1,426
-1,199
-50
-1,002
-541
-227
-233
-87
-1,086
-642
-230
-214
-152
-1,889
-1,424
-238
-227
-12,667
-12,045
-777
-1,580
-45
-237
-495
45,221
III
IV
54,080
34,495
2,120
2,085
305
364
533
1,797
1,093
2,042
1,155
2,225
1,154
IP
62,372
40,001
1,709
1,668
382
2,086
1,405
288
1,122
142
63,887
41,324
1,847
1,802
388
2,076
1,104
293
1,107
123
1
2
3
4
5
6
7
8
9
10
8,134
4,007
4,127
4,887
548
7,991
3,651
4,340
5,354
478
11
12
13
14
15
244
259
274
1,016
1,055
1,090
133
146
164
5,264
3,777
1,487
3,063
464
5,901
3,089
2,812
3,400
6,178
3,645
2,532
3,575
5,444
2,851
2,593
4,103
382
521
394
31
81
76
50
69
63
33
16
-48,950
-38, 228
-1,444
-2,019
-841
-1,964
-52
-48
-541
-332
-49,154
-37,755
-1,470
-2,500
-755
-2,010
-49
-48
-546
-320
-50,110
-39, 219
-1,503
-1,545
-550
- 1 , 945
-74
-48
-565
-359
-53,231
-41,899
-1,680
-1,523
-646
-1,967
-57,292
-43,907
-1, 753
-2,176
-890
-2,119
-97
-50
-88
-53
-58,802
-44,155
-1,873
-2,994
-805
-2,294
-103
-580
-364
-581
-381
-592
-349
-60,333
-46,110
-1,948
-1,782
-581
- 2 , 226
-108
-56
-607
-450
-61,093
-46,524
-1,972
-1,690
-627
- 2 , 227
-87
-54
-617
-350
17
18
19
20
21
22
23
24
25
26
-577
-238
-339
-1,345
-1,189
-727
-362
-365
-1,484
-1,271
-726
-278
-448
-1,585
-1,391
-803
-370
-434
-1,810
- 1 , 689
-605
-317
-287
-1,878
-1,943
-1,193
-466
-727
-2,079
-2,074
-1,157
-444
-713
-2,279
-2,147
-1,004
-402
-602
-2,951
-2,509
-1,046
-447
-599
-3,155
-2,744
27
28
29
30
31
-83
-1,021
-539
-239
-243
-39
-1,104
-626
-240
-238
-53
-1,289
-811
-232
-247
-31
-1,250
-774
-254
-222
-81
-1,027
-564
-246
-217
-76
-50
-69
-1,216
-765
-254
-197
-1,320
-827
-270
-223
-1,233
-770
-276
-188
-63
-1,317
-790
-287
-241
-33
-1,319
-804
-257
-258
32
33
34
35
36
-10,448
-16,109
-1,945
-12,387
-6,625
-14,837
-15,416
-5,516
-10,038
-29,988
-6,477
37
-408
207
-24
112
248
115
-29
-461
697
-389
27
—83
-80
139
g
133
-12
182
—65
1,412
3,275
-4,440
-3,589
— 18
-716
326
-43
—£0
—29
42
4
187
14
-798
-796
-420
—58
— 1,142
-86
-2,361
38
39
40
41
42
-942
-1,551
661
-52
-949
-1,884
785
150
-1,284
-1,860
558
17
-1,039
-1,649
592
18
-1,124
-1,772
580
68
-820
-1,453
731
-98
-1,047
-1,746
656
43
-1,158
-1,854
759
-63
43
44
45
46
-10,948
-4,033
-2,270
-1,763
-2,467
-9,516
-2,327
178
-2,505
-1,405
—8,756
-3,301
-1,311
-1,991
-2,751
-15,277
-2,288
-850
-1,438
-2,262
-401
-2,565
-855
-1,981
-749
-11,543
-4,053
-2,062
-1,990
-1,784
-1,730
-6,510
-191
-556
135
-1,134
-23
639
37
-1,203
7
-778
-289
-3,412
-377
-4,409
-978
-2,342
-718
-8,843
—16
324
-55
-121
437
-85
—43
195
-37
-703
-1,475
752
20
-1,071
-1,671
-1,201
-1,998
-1,434
-2,161
643
-43
785
13
707
21
-951
-1,640
803
-115
-5,690
-3,044
-1,215
-1,828
-2,177
-14,091
-3,237
-1,750
-1,487
-749
-14,532
-5,022
-2,210
-2,812
-999
-4,564
-4,499
-1,967
-2,532
-1,095
- 8 , 719
-2,727
-134
-2,593
-475
-29,218
-4,422
-294
-4,127
-918
-2,171
-4,340
-1,056
47
48
49
50
51
50
-1,174
201
1,109
-357
-998
-63
-2,178
78
237
61
-90
-129
-1,769
n.a.
n.a.
52
53
-306
3,990
18
-4,600
-447
-1,332
-16
-8,734
-311)
-5,959)
1*715
i* -5,488
i* -21,980
—104
54
i* 5,836 X( 55
7,469
7,886
8,767
12,277
2,595
14,002
14,236
19,990
18,175
941
15,358
29,239
4,343
56
3,698
2,066
1,908
68
1,375
-412
669
3,972
2,481
2,165
316
621
181
689
2,905
1,327
1,261
66
1,585
-531
524
6,998
4,018
3,895
123
926
1,731
323
5,491
5,403
5,305
98
563
-725
250
7,720
5,763
5,153
610
223
752
982
8,266
7,551
6,924
627
376
-163
502
15,179
13,821
12,848
973
78
909
371
15,618
13,021
12,904
-5,265
-5,602
-5,813
4,641
3,472
3,029
211
418
637
443
122
963
84
18,764
13,307
13,422
-115
2,045
3,156
256
-8,490
-8,876
-8,871
-5
19
153
215
57
58
59
60
61
62
63
3,771
1,472
930
541
437
1,036
3,914
1,086
661
425
-591
134
5,862
999
549
450
3,025
64
5,279
790
547
243
-88
51
-2,896
980
641
339
981
827
6,281
965
600
365
-1,399
690
5,970
1,023
575
448
1,251
434
4,811
760
327
434
-299
763
2,557
1,130
6,206
1,877
1,150
1,347
10, 717
2,280
1,567
713
-1,053
528
10,475
1,008
405
602
15 1,549
540
12,832
1,332
733
599
15 2,586
790
64
65
66
67
68
69
-231
385
-145
-86
-247
63
-377
60
-246
-133
-168
-46
83
539
-189
633
28
470
-63
378
86
918
-245
68
n.a.
n.a.
70
71
-105
777
2,477
-16
3,532
75
1,883
277
4,567
42
-5,346
104
6,136
194
2,446
33
3,110
250 |
-654
1,865
7,958
7,556
1,495
3,983
2,310
1,809
486
-2,428
-804
3,046
7,433
634
27
-836
3,722
3,262
2,721
-949
3,750
3,306
2,664
-4,504
-413
-878
-2,302
-3,017
2,543
2,061
1,522
-7,070
-1,355
-1,833
-2,459
-6,136
-812
-1,291
-8,762
-3,933
-4,409
-5,183
-8,905
-3,322
-3,785
-4,349
-11,110
-4,588
-5,039
-5,805
-7,308
-1,538
-2,031
-2,858
-9,660
-4,722
-5,185
-5,955
-6,109
2,039
1,512
722
-5,200
2,794
2,279
1,475
76
77
78
79
-111
2,323
-1,580
3,351
-408
1,320
207
6,072
-420
4,928
112
7,890
-43
187
248
15,101
14,895
-5,129
115
4,519
182
16,719
-3,589
-8,508
80
81
294-398
0 - 7 9 - 4
-2,101
-24
7,497
117
723
1,456
843
287
881
453
-136
-164
727
803
8,124 {
\
1,139
-480
72
73
74
75
SURVEY OF CURRENT BUSINESS
38
June 1979
Table 2.—U.S. International
[Millions
Exports of goods and services 2_
.'
Merchandise, adjusted, excluding military 3
_
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
---•
Other transportation
_
_
Fees and royalties from affiliated foreigners
_
~
Fees and royalties from unaffiliated foreigners
Other private services
.
..
.
U.S. Government miscellaneous services.
_
Receipts of income on U.S. assets abroad:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates.
Reinvested earnings of incorporated affiliates
—
Other private receipts
U.S. Government receipts
Transfers of goods and services under U.S. military grant programs, net..
81
II
III
IV
15,975
10,366
281
574
131
740
419
132
322
83
16,621
10,704
435
579
139
778
441
140
318
77
16,766
10,822
357
575
134
811
450
147
323
16,305
10,577
428
603
140
796
448
154
325
17,173
10,988
507
623
153
823
457
155
350
17,364
10,965
506
609
148
856
469
155
372
92
18,155
11,646
494
624
147
869
473
154
397
82
16,138
9,720
419
678
167
751
528
153
421
85
2,028
1,378
650
658
241
2,094
1,194
900
678
238
2,166
1,264
902
672
220
1,880
1,156
724
663
208
2,158
1,270
888
662
209
2,318
1,616
702
643
231
2,401
1,312
1,089
652
216
2,282
1,785
497
684
250
739
735
680
883
875
733
1,056
-15,102
-9,963
-1,211
-1,010
-320
-768
-28
-27
-207
-176
-15,289
-10,310
-1,208
-1,019
-310
-716
-30
-26
-207
-186
-15,746
-10,765
-1,174
-1,083
-275
-769
-29
-27
-223
-174
-16,905
-11,722
-1,206
-1,078
-332
-808
-27
-29
-232
-188
-17,272
-11,948
-1,203
-1,059
-315
-824
-30
-32
-240
-193
-16,625
-11,144
-1,236
-1,153
-368
-729
-32
-35
-240
-191
-226
-115
-111
-998
-208
-227
-109
-118
-947
-241
-232
-105
-127
-875
-285
-190
-111
-79
-797
-290
-235
-157
-78
-656
-336
-302
-146
-156
-579
-402
-320
-176
-144
-594
-514
-306
-142
-164
-599
-592
U.S. military grants of goods and services, net
-559
-739
-735
-883
-875
-733
-1,056
Unilateral transfers (excluding military grants of goods and services), net
U.S. Government grants (excluding military grants of goods and services)...
U.S. Government pensions and other transfers
Private remittances and other transfers
-786
-417
-100
-810
-404
-118
-288
-839
-444
-122
-273
-860
-471
-122
-267
-439
-124
-262
-894
-486
-142
-266
-550
-138
-292
-1,004
-568
-138
-298
U.S. assets abroad, net (increase/capital outflow (-))_
-2,787
-1,922
-2,444
-2,183
-2,944
-2,707
-3,682
-3,139
U.S. official reserve assets, n e t 4
Gold
Special drawing rights
Reserve position in the International Monetary Fund.
Foreign currencies
264
-44
-270
-253
831
808
14
-254
111
821
585
395
-251
406
35
824
422
-76
9
688
109
-55
255
379
660
456
17
252
-65
1,198
300
-29
851
76
-197
1
-182
-8
U.S. Government assets, other than official reserve assets, net
U.S. loans and other long-term
assets
Repayments on U.S. loans 5
U.S. foreign currency holdings and U.S. short-term assets, net.
-740
430
-348
-864
508
-423
-860
370
67
-419
-829
412
-2
-573
-1,130
573
-16
-567
-1,227
541
119
-387
-894
477
30
-355
-929
525
-2,652
-1,917
-1,267
-650
-306
-2,382
-2,124
-1,224
-900
80
-2,606
-1,799
-897
-902
-517
-2,588
-1,749
-1,025
-724
-333
-3,059
-2,050
-1,162
-888
-408
-2,800
-1,943
-1,241
-702
-4,493
-2,421
-1,332
-1,089
-346
-2,587
-1,203
-706
-497
-381
15
-12
-61
-129
-64
64
-33
-322
1
-132
-37
-300
-99
-307
14
49
-314
12
-145
15
-586
-153
-205
-247
-1,142
-227
-760
Foreign official assets in the United States, net
U.S. Government securities6
U.S. Treasury securities
Other 7
Other U.S. Government liabilities 8
U.S. liabilities reported by eU.S. banks, not included elsewhere. _.
Other foreign official assets
76
77
78
79
IV
-14,985
-9,847
-1,259
-1,005
-293
-723
-30
-29
-204
-180
Foreign assets in the United States, net (increase/capital inflow (+)).
72
73
74
75
75a
III
559
U.S. private assets, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns:
Long-term
Short-term
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term
7
Short-term
70
71
1971
-14,661
-9,746
-1,178
-946
-292
-636
-23
-32
-193
-183
Imports of goods and services
Merchandise, adjusted, excluding military 3
Direct defense expenditures
Travel
-Passenger lares
Other transportation
Fees and royalties to affiliated foreigners.
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous services
Payments of income on foreign assets in the United States:
Direct investment..
Interest, dividends, and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private payments
U.S. Government payments
37
1970
(Credits + ; debits - ) i
Line
Other foreign assets in the United States, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking
concerns:
Long-term
Short-term
U.S. liabilities10 reported by U.S. banks, not included elsewhere:
Long-term
Short-term i°
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)
Of which seasonal adjustment discrepancy
Memoranda:
Balance on merchandise trade (lines 2 and 18) u
Balance on goods and services (lines 1 and 17)
Balance on goods, services, and remittances (lines 77, 35, and 36)
Balance on current account (lines 77 and 33) «
Transactions in U.S. official reserve assets and in foreign official assets in the
United States:
Increase (—) in U. S. official reserve assets. net (line 38)
Increase (+) in foreign official assets in the United States (line 57 less line 61).
See footnotes on page 55.
-77
-261
1,026
1,449
2,055
2,715
5,080
8,747
6,069
5,556
10,388
5,776
3,074
862
(16)
1,289
(16)
2,045
5,160
(18)
(18)
(16)
(16)
(16)
(16)
-1
-32
i« 2,748
31
-206
is 1,037
-1
42
I61,248
-1
-260
16 2,306
-2
-79
i« 5,241
-2
-13
16 5,571
-2
-223
is 10,613
-2
-197
16 5,975
602
491
111
16
304
164
222
104
118
-35
374
544
372
245
127
1
720
-596
269
190
79
99
792
-2,086
196
118
78
179
559
-476
140
-16
156
1,862
196
-1,641
-293
-437
144
-795
626
293
324
160
164
-1,270
908
122
100
366
168
299
211
325
423
203
-265
45
-79
168
225
161
7
-1,811
217
-13
19
-950
217
-147
22
-1,081
217
-431
-25
-2,479
216
362
-152
-2,806
180
-912
-61
-2,579
179
-2,117
-71
-1,187
179
-5,147
34
-89
179
-1,618
620
1,314
945
528
857
1,636
1,230
826
859
1,664
1,269
825
267
1,016
627
156
223
1,427
1,041
602
-757
459
51
-435
-302
883
453
-97
-1,424
-487
-923
-1,491
264
2,747
585
1,247
824
2,305
5,239
660
5,569
1,198
1,068
10,611
-197
5,973
SURVEY OF CURRENT BUSINESS
June 1979
39
Transactions—Seasonally Adjusted
of dollars]
1972
1973
1974
Line
I
IV
III
II
I
II
III
I
IV
18,474
11,791
18,525
11,696
19,639
12,493
20,853
13,401
23,909
15,417
26,104
16,960
28,724
18,463
366
673
161
846
506
157
438
85
322
695
171
859
517
161
441
87
319
713
170
904
537
166
440
94
357
736
197
970
555
171
445
88
400
836
230
503
817
236
603
860
258
1,056
1,079
1,147
608
172
474
88
574
176
482
90
2,522
1,337
1,185
2,673
1,492
1,181
2,829
1,654
1,175
2,924
1,933
707
222
703
200
751
223
991
788
221
3,505
1,927
1,578
1,245
982
1,290
976
-19,186
-13,489
-1,222
-1,232
-377
-872
-19,160
-13,296
-1,272
-1,231
-395
-840
-19,814
-14,027
-1,105
-1,250
-401
-863
-21,222
-14,985
12-1,185
-1,329
-423
-945
II
III
IV
36,426
24,212
37,422
25,033
38,633
26,601
882
969
267
880
922
899
251
695
972
270
1,021
278
289
1,183
1,314
1,425
1,422
1,536
678
180
492
130
653
184
513
91
706
186
530
95
738
187
545
97
789
189
573
114
837
189
612
113
3,964
1,990
1,974
1,002
4,535
2,101
2,434
1,151
4,538
2,366
2,172
1,298
5,199
2,866
2,333
1,421
5,009
2,462
2,547
1,802
4,806
2,791
2,015
2,057
4,142
3,260
221
227
244
275
293
260
246
11
12
13
14
15
723
868
785
433
405
565
352
496
16
-23,125
-16,360
-1,169
-1,338
-465
-1,106
-24,390
-17,208
12-1,231
-1,394
-449
-1,134
-24,949
-17,742
-1,067
-1,375
-439
-1,203
-26,728
-19,189
-1,162
-1,419
-437
-1,251
-30,349
-22,607
-1,153
-1,445
-482
-1,332
- 3 4 , 111
-25,696
-1,298
-1,499
-504
-1,466
-36,050
-27,366
-1,265
-1,484
-513
-1,514
-36,797
-27,980
-1,316
-1,552
-596
-1,630
17
18
19
20
21
22
23
24
25
26
879
244
1,070
882
2,076
-38
-31
-39
-34
-34
-36
-43
-38
-56
-40
-49
-43
-46
-46
-58
-47
-43
-48
-41
-47
-38
-46
-38
-45
-254
-192
-257
-203
-248
-200
-258
-193
-282
-207
-284
-206
-286
-227
-300
-222
-297
-236
-302
-253
-301
-247
-311
-231
-242
-157
-309
-155
-154
-661
-680
-388
-214
-174
-708
-727
-390
-130
-260
-849
-863
-437
-185
-252
-986
-969
-389
-201
-188
-1,126
-1,003
-394
-183
-211
-1,248
-1,001
-355
-363
-422
-36
-84
-23
-192
-123
-601
-636
-318
-161
-157
-634
-641
-319
-1,350
-1,001
-279
-1,592
-1,050
-399
-1,778
-1,076
-85
1
2
3
4
5
6
7
8
9
10
34,123
22,460
31,477
20,570
1,053
-1,771
-1,135
27
28
29
30
31
-69
-1,245
-982
-1,290
-976
-723
-868
-785
-433
-405
-565
-352
-496
32
-1,002
-586
-142
-274
-979
-558
-142
-279
-966
-573
-121
-272
-907
-457
-166
-284
-758
-361
-172
-225
-1,029
-621
-171
-237
-910
-494
-179
-237
-1,186
-463
-172
-551
13-2,977
13-2,606
-107
-264
-1,849
-1,399
-189
-261
-1,263
-811
-204
-248
-1,098
-660
-194
-244
33
34
35
36
-3,763
-2,303
-4,129
-4,302
-7,886
-4,154
-3,189
-7,646
-5,914
-10,318
-7,694
-10,818
37
-238
-81
-127
213
11
-23
-43
-246
-358
-1,002
139
-171
-177
-13
226
9
8
-6
-29
-16
66
-13
-10
-15
-209
-244
-28
-37
-85
—123
-728
-151
-20
-84
243
38
39
40
41
42
-566
-1,194
-572
-1,176
is 1,389
-1,191
13 2,788
13-208
-354
-1,053
-938
-1,546
442
544
3
-178
-1
77
-252
-212
-794
-271
-853
185
-15
108
-177
-423
1,222
-608
-1,207
-1,042
-1,034
539
43
538
44
435
24
573
55
695
-91
789
10
558
41
555
-3,993
-2,187
-1,002
-1,185
-476
-1,794
-1,481
-300
-1,181
-318
-3,530
-2,435
-1,260
-1,175
-3,609
-1,644
-653
-991
-7,527
-3,785
-2,207
-1,578
-3,742
-2,691
-717
-1,974
-2,558
-2,159
203
-28
55
-86
20
-518
-977
-
-563
864
615
575
124
598
10
43
44
45
46
-10,227
-1,790
-6,338
-4,385
-2,370
-2,015
-282
-10,019
-3,776
-2,894
-882
-699
47
48
49
50
51
-138
-208
-585
52
53
54
55
267
-1,212
-7,057
-2,434
-196
-6,561
-2,718
-546
-2,172
-445
3,233
-2,333
-600
-2,547
-272
-155
-347
-55
-815
-128
-1,985
-588
411
-510
-2,018
-178
-5,066
-913
-6,664
-2,032
-180
-4,571
275
900
757
-74
-64
-174
-121
-261
-125
-255
-136
-673
-152
-189
-893
-346
536
-360
-697
-412
-1,145
-273
-2,715
-326
-437
176
123
4,613
4,123
6,446
6,281
10,743
3,056
2,167
2,422
6,314
9,662
9,103
9,163
56
3,008
949
4,804
1,715
9,937
8,535
7,809
-403
-2,562
-2,750
-772
-1,562
-1,564
3,062
-514
-905
4,188
2,736
2,132
25
88
84
-2
132
188
388
18 836
is 4,660
ifl 1,462
2
133
657
-1,138
-1,132
-903
-229
4,434
3,082
2,946
o
-2,736
-3,770
-3,436
-334
57
58
59
60
61
62
63
i
(
I
(16)
)
236
-122
18 2,894
726
166
997
239
-50
1,688
62
123
3,174
1,642
4,566
310
156
154
-12
718
403
229
174
59
1,059
373
216
157
-83
961
-59
45
208
42
260
-44
200
83
-73
-61
499
178
1,590
178
-384
483
177
-1,353
2,033
177
-880
-2,883
413
1,605
-136
-221
85
-3
686
-1,600
-635
-1,056
-1,614
442
-238
3,130
861
7,452
1,784
1,465
84
3,458
2,940
5,159
835
583
252
539
351
188
-119
1,718
-185
1,769
795
584
211
293
662
185
178
244
2
-1,534
-175
-568
-1,141
-1,584
-369
-819
-1,276
-81
-127
1,583
4,720
10
-22
6
806
631
371
260
319
136
712
136
-53
391
331
604
14
1,341
3,246
1,253
64
—1
185
5,228
6,041
1,610
1,211
4,975
539
260
279
-240
399
200
227
489
-205
1,173
60
-6
182
272
153
78
155
7
-40
2,187
28
951
-32
-1,823
3,160
4,311
4,169
3,805
-1,844
-1,681
1,660
1,124
-1,197
1,188
190
-216
-1,518
-2,522
721
1,381
4,749
4,026
3,563
-147
3,774
3,403
-1,484
2,315
1,865
797
466
920
109
-23
-43
-905
-2,986
-246
-1,148
-358
4,487
-1,002
2,731
701
-1,698
-712
-1,128
-1,714
250
784
88
-943
784
387
26
213
9,771
-142
-248
1,714
1,306
685
11
-790
3,775
3,359
2,865
-188
469
-41
395
363
-364
754
-160
399
-2,333
1,372
828
759
69
601
-925
64
65
66
67
68
69
475
386
70
71
-113
3,723
72
917
75
75a
1,551
-1,379
1,836
1,398
738
139
4,174
73
74
76
77
78
79
80
81
SUEVEY OF CURRENT BUSINESS
40
June 1979
Table 2.—U.S. International
[Millions
1975
(Credits +; debits-) i
Line
II
Exports of goods and services 2
Merchandise, adjusted, excluding military 2
Transfers under U.S. military agency sales contracts.
TravelPassenger fares
Other transportation
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U.S. Government miscellaneous services
Receipts of income on U.S. assets abroad:
Direct investmeut
Interest, dividends, and earnings of unincoroprated affiliates _
Reinvested earnings of incorporated affiliates
Other private receipts
U.S. Government receipts
Transfers of goods and services under U.S. military grant programs, netImports of goods and services
Merchandise, adjusted, excluding military 3
Direct defense expenditures
Travel
Passenger fares
Other transportation
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous services
Payments of income on foreign assets in the United States:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private payments
U.S. Government payments
U.S. military grants of goods and services, net
Unilateral transfers (excluding military grants of goods and services), net
U.S. Government grants (excluding military grants of goods and services)..
U.S. Government pensions and other transfers
Private remittances and other transfers
U.S. assets abroad, net (increase/capital outflow (—))
U.S. official reserve assets, net4
Gold...
Special drawing rights
Reserve position in the International Monetary Fund..
Foreign currencies
76
77
78
79
80
81
1,453
865
189
668
108
37,451
25,851
902
1,127
241
1,424
887
189
708
120
38,746
26,562
1,040
1,144
277
1,442
887
189
746
107
40,727
27,657
1,172
1,239
259
1,521
904
191
797
103
3,911
2,082
1,829
1,959
243
3,860
2,142
1,718
1,859
283
4,181
2,226
1,955
1,869
302
4,643
2,097
2,546
1,957
787
1,202
55
163
-34,420
-25,561
, -1,317
-1,548
-569
-1,454
-81
-46
-360
-247
-31,060
-22,566
-1,185
-1,529
-526
-1,331
-83
-47
-375
-275
-33,141
-24,483
-1,096
-1,627
-574
-1,371
-54
-46
-394
-257
-34,177
-25,431
-1,198
-1,713
-594
-1,465
-69
-47
-422
-265
-412
-227
-185
-1,606
-1,219
-600
-256
-344
-1,436
-1,107
-728
-300
-428
-1,359
-1,125
-495
-263
-232
-1,387
-1,091
284
-787
-1,202
-55
-163
-1,193
-753
-200
-240
-1,111
-719
-197
-195
-1,070
-617
-201
-249
-1,241
-806
-213
-222
-10,576
-9,591
-5,099
-14,436
-327
-28
-333
-161
-307
-16
-16
-7
-5
-25
-95
-213
-21
-57
-83
-875
-1,475
607
-745
-1,440
650
45
-977
-1,496
595
-76
-4,021
-1,495
460
-1,955
-13,298
-4,736
-2,190
-2,546
-2,5
-877
-1,530
624
29
U.S. private assets, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliate
F oreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term
Short-term.
-9,372
-4,022
-2,193
-1,829
-1,931
-3,990
-2,272
-1,718
-985
23
330
75
37
-130
-809
-461
-3,311
-359
-3,466
-618
-31
-334
-549
-919
-4,367
Foreign official assets in the United States, net
U.S. Government securities
U.S. Treasury
securities 8
Other 7
Other U.S. Government liabilities 8
U.S. liabilities reported by 9U.S. banks, not included elsewhere...
Other foreign official assets
72
73
74
75
75a
IV
U.S. Government assets, other than official reserve assets, net
U.S. loans and other long-term
assets
Repayments on U. S. loans 5
U.S. foreign currency holdings and U.S. short-term assets, net
Foreign assets in the United States, net (increase/capital inflow (+))•
70
71
38,798
27,018
935
1,187
262
III
Other foreign assets in the United States, net
Direct investment
E quity and intercompany accounts
Reinvested earnings of incorporated affiliates
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities
to unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term 1010
Short-term
U.S. liabilities reported by U.S. banks, not included elsewhere:
Long-term
Short-term
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)
Of which seasonal adjustment discrepancy
Memoranda:
Balance on merchandise trade (lines 2 and 18) n
Balance on goods and services (lines 1 and 17)
Balance on goods, services, and remittances (lines 77, 35, and 36)
Balance on current account (lines 77 and 33) »
Transactions in U.S. official reserve assets and in foreign official assets in the United States:
Increase (—) in U.S. official reserve assets, net (line 38)
Increase (+) in foreign official assets in the United States (line 57 less line 61)
See footnotes on page 55.
2,588
3,971
2,691
6,171
3,419
5,858
5,358
500
395
-3,203
2,244
845
780
65
360
591
448
-1,731
-2,822
-2,847
25
246
320
525
2,845
-831
278
93
185
692
344
1,727
870
526
344
-390
385
4,422
86
-342
428
2,124
737
3,326
1,369
1,137
232
164
360
-1
61
-124
109
-41
-25
-2,479
-287
1,094
-114
1,752
146
541
4,803
1,124
340
46
-2,154
-2,495
2,956
1,457
4,378
3,938
3,185
3,285
6,391
5,999
5,280
2,079
5,632
5,179
4,562
2,226
6,550
6,115
5r~
-327
3,024
-28
1,884
-333
-1,977
-161
2,328
M17
315
517
134
762
ir
SURVEY OF CURRENT BUSINESS
June 1979
41
Transactions—Seasonally Adjusted—Continued
of dollars]
1977
1976
1979
1978
Line
I
II
III
IV
I
II
I
IV
III
II
IV
III
IP
40,470
27, Oil
1,198
1,324
276
1,600
888
195
824
123
42,500
28,409
1,216
1,443
308
1,678
882
201
876
116
44,292
29,607
1,551
1,518
325
1,723
887
209
924
119
44,500
29,718
1,609
1,457
320
1,759
874
217
961
130
44,850
29,518
1,854
1,437
300
1,802
866
220
947
131
46,914
31,075
1,851
1,521
355
1,829
921
226
939
117
46,897
30,558
1,877
1,553
349
1,836
1,017
234
935
118
45,935
29,665
1,860
1,639
362
1,800
989
241
948
119
49,085
30,811
1,924
1,719
127
142
164
152
116
4,590
2,937
1,653
2,109
332
4,800
2,605
2,195
2,221
350
4,779
2,763
2,016
2,297
353
4,830
2,998
1,832
2,328
297
4,888
3,108
1,780
2,491
396
5,040
3,229
1,811
2,628
412
5,263
3,388
1,875
2,725
432
4,890
3,070
1,820
3,037
385
5,908
3,262
2,646
3,410
6,074
3,655
2,419
3,688
6,076
3,428
2,648
4,013
7,598
3,248
4,350
4,853
7,968
3,886
4,082
5,354
458
494
437
456
555
11
12
13
14
15
50
87
152
83
39
53
31
81
76
50
69
63
33
16
-37,703
-28,352
-1,156
-1,682
-634
-1,601
-87
-47
-451
-288
-39,330
-29,964
-1,219
-1,658
-613
-1,625
-85
-47
-479
-308
-41,990
-32,420
- 1 , 237
-1,715
-645
-1,728
-58
-47
-516
-331
-43,137
-33,315
- 1 , 288
-1,801
-676
-1,818
-64
-48
-546
-300
-47,170
-37,185
-1,345
-1,832
-676
-1,943
-69
-48
-541
-339
-48,087
-37,639
-1,444
-1,879
-690
-1,944
-52
-48
-541
-331
-48,556
-37,976
-1,470
-1,830
-673
-1,928
-49
-48
-546
-330
-50,207
-38,869
-1,503
-1,910
-709
-1,969
-74
-48
-565
-359
-54,792
-42,710
- 1 , 680
-1,987
-720
-2,050
-56,338
-43,174
-1,753
-2,065
-738
-2,101
-88
-53
-60,316
-45,684
-1,948
- 2 , 210
-748
-2,252
-108
-62,913
-47,448
-1,972
-2,188
-697
-2,320
-97
-50
-58,216
-44,503
- 1 , 873
- 2 , 213
-716
- 2 , 203
-103
-55
-56
-87
-54
-580
-382
-581
-383
-592
-384
-607
-395
-617
-429
17
18
19
20
21
22
23
24
25
26
-874
-333
-541
-1,441
-1,090
-726
-301
-425
-1,495
-1,111
-754
-304
-450
-1,392
-1,147
-756
-513
-243
-1,353
-1,172
-577
-238
-339
-1,415
- 1 , 200
-727
-362
-365
-1,507
- 1 , 285
-726
-278
-448
-1,563
-1,397
-804
-370
-434
-1,739
-1,658
-605
-317
-287
-1,975
-1,957
-1,193
-466
-727
-2,110
-2,099
-1,157
-444
-713
- 2 , 259
-2,158
-1,004
-402
-602
-2,844
-2,460
-1,046
-447
-599
-3,300
-2,755
27
28
29
30
31
56,222
36,491
2,120
1,807
54,225
35,267
1,990
1,795
61,317
39,315
1,709
1,963
64,399
41,350
1,847
1,926
371
369
405
438
474
1,936
1,161
1,942
1,150
2,136
1,209
2,137
1,286
2,237
1,172
244
259
274
288
293
1,016
1,055
1,090
1,122
1,107
1
2
3
4
5
6
7
8
9
10
-50
-87
-152
-83
-39
-53
-31
-81
-76
-50
-69
-63
-33
32
-1,024
-548
-227
-249
-1,000
-556
-230
-214
-1,934
-1,475
-238
-221
-1,039
-567
-239
-233
-1,116
-626
-240
-250
-1,283
-811
-232
-240
-1,249
-774
-254
-221
-1,023
-564
-246
-213
-1,228
-765
-254
-209
-1,313
-827
-270
-216
-1,233
-770
-276
-187
-1,314
-790
-287
-237
-1,329
-804
-257
-268
33
34
35
36
-12,364
-11,701
-10,618
-16,588
-1,683
-12,272
-6,625
-15,213
-15,188
-5,466
-10,049
-30,254
-6,158
37
-777
-1,580
-408
207
-24
112
248
115
-18
-716
326
182
—65
-3,589
14
-798
-796
-29
-461
697
-83
-80
139
-9
133
-12
-16
324
-104
-389
27
-43
-60
-29
42
4
187
-45
-237
-495
-420
-58
38
39
40
41
42
-749
-1,416
719
-52
-914
-1,779
715
150
-1,428
-2,060
615
17
-1,124
-1,689
547
18
-1,062
-1,772
642
68
-885
-1,453
666
-98
-1,001
-1,746
702
43
-10,838
-3,923
-2,270
-1,653
-2,467
-9,207
-2,017
178
-2,195
-1,405
-8,782
-3,327
-1,311
-2,016
-2,751
-15,671
-2,682
-850
-1,832
-2,262
-201
-2,365
-585
-1,780
-749
-11,363
-3,873
-2,062
-1,811
-1,784
-191
-556
135
-1,134
-23
639
37
-1,203
7
-778
-289
-3,412
—978
-2,342
-718
-8,843
7,468
-377
-4,409
7,886
8,767
3,698
2,066
1,998
68
1,375
-412
669
3,972
2,481
2,165
316
621
181
689
2,905
1,327
1,261
66
1,585
-531
524
3,770
1,471
930
541
437
1,036
3,914
1,086
661
425
-591
134
-231
385
437
-85
-43
195
-37
1,412
3,275
-4,440
-1,142
-121
-746
-1,475
709
20
-1,009
-1,671
-1,263
-1,998
-1,390
-2,161
-994
-1,640
-1,096
-1,854
705
-43
722
13
750
21
761
-115
821
-63
43
44
45
46
-5,736
-3,090
-1,215
-1,875
-2,177
-14,424
-3,570
-1,750
-1,820
-749
-14,366
-4,856
-2,210
-2,646
-999
-4,451
-4,386
-1,967
-2,419
-1,095
-8,774
-2,782
-134
-2,648
-475
-29,442
-4,646
-296
-4,350
-918
-1,473
-6,253
-2,171
-4,082
-1,056
47
48
49
50
51
50
-1,174
201
1,109
-357
-998
-63
-2,178
78
237
61
-90
-129
-1,769
n.a.
n.a.
52
53
-306
3,990
18
-4,600
-447
-1,332
-16
-8,734
-311
-5,959
-5,488
"-21,980
" 5,836 {
\
54
55
12,278
2,596
14,002
14,236
19,991
18,175
941
15,358
29,239
4,343
56
6,998
4,018
3,895
123
926
1,731
323
5,491
5,403
5,305
98
563
-725
250
7,720
5,763
5,153
610
223
752
982
8,266
7,551
6,924
627
376
-163
502
15,179
13,821
12,848
973
78
909
371
15,618
13,021
12,904
-5,265
-5,602
-5,813
4,641
3,472
3,029
211
418
637
443
122
963
84
18,764
13,307
13,422
-115
2,045
3,156
-8,490
-8,876
-8,871
-5
19
153
215
57
58
59
60
61
62
63
5,862
999
549
450
3,025
64
5,280
790
547
243
-88
51
-2,895
980
641
339
981
827
6,282
965
600
365
-1,399
690
5,970
1,023
575
448
1,251
434
4,812
761
327
434
-299
763
2,557
1,130
6,206
1,877
1,150
10,717
2,280
1,567
12,832
1,332
733
599
is 2,586
790
64
65
66
67
68
69
-145
-86
-247
63
-377
60
-246
-133
-168
-46
83
539
-189
633
28
470
n.a.
n.a.
70
71
-105
777
3,153
676
-16
3,532
75
1,883
277
4,567
42
-5,346
104
6,136
194
2,446
250
-654
1,645
150
1,483
-2,500
3,986
1,676
2,523
714
726
240
-4,703
-2,275
33
3,110
517
1,321
-1,341
2,767
2,291
1,743
-1,555
3,170
2,726
2,170
-2,813
2,302
1,843
368
-3,597
1,363
891
324
-7,667
-2,320
-2,810
-3,436
-6,564
-1,173
-1,645
-2,456
-7,438
-1,659
-2,134
-2,908
-9,204
-4,272
-4,731
-5,295
-408
1,320
207
6,072
-420
4,928
-24
7,497
112
7,890
-43
187
248
115
182
15,101
14,895
-5,129
4,519
16,719
-777
2,323
-1,580
3,351
]
[
117
723
" 715
-136
-164
1,456
843
287
881
453
14
256
10,475
1,008
405
602
727
803
-1,053
1,347
528
540
-63
378
86
918
-245
1,865
7,958
7,556
3,947
7,950
901
517
-2,082
-2,716
1,328
1,301
-11,899
-5,707
-6,170
-6,935
-7,907
-2,113
-2,599
-3,426
-8,012
-1,994
-2,457
-3,227
-6,369
1,001
;
713
15
1,549
68
477
-313
-86
-2,361
72
8,124 If 73
1,139
74
519
75
999
75a
-6,098
1,486
961
157
76
77
78
79
-3,589
-8,508
80
81
SURVEY OF CURRENT BUSINESS
42
June 1979
Table 3.—U.S.
[Millions
Line
1970
1971
1972
1973
1974
42,663
43,574
49,227
70,873
97,997
1975
1976
1977
1978
107,589
115,156
121,150
143,574
659
1,546
-2,976
92
81
14
691
2,027
-3, 285
146
104
36
756
1,901
- 4 , 718
Balance of payments adjustments to Census trade data:
EXPORTS
Merchandise exports, Census basis * including reexports and excluding military
grant shipments.
Adjustments:
10
Private gift parcel remittances
Virgin Islands exports to foreign countries
Gold exports, nonmonetary
Inland U.S. freight to Canada
U.S.-Canadian reconciliation adjustments, n.e.c., n e t 2
Merchandise exports transferred
under U.S. military agency sales contracts identified in Census documents 3.
Other adjustments, n e t 3
Of which quarterly allocation of annual seasonal adjustment discrepancy 5
Equals: Merchandise exports, adjusted to balance of payments basis, excluding
"military" (table 1, line 2).
25
248
522
-1,109
275
556
-1,191
331
-51
103
116
216
201
46
85
42,469
43,319
49,381
71,410
98,306
107,088
114,745
120,816
141,884
40,114
45,784
55,941
69,832
100,649
96,573
121,009
147,685
172,026
423
9
-528
-189
141
641
156
-205
-310
385
1,927
359
174
-361
901
1,936
83
-206
-293
-52
2,469
608
-65
-297
327
2,705
1,286
-226
-239
478
2,779
843
-179
-8
39,866
19
-463
-185
45,579
55,797
70,499
103,649
98,041
124,051
151,689
-165
588
176,071
42,469
43,319
49,381
71,410
107,088
114,745
120,816
141,884
14,167
13,589
14,950
2,543
8,299
3,325
2,405
8,008
3,176
2,742
8,589
3,619
21, 216
16, 708
3,760
12,377
4,508
28,164
21, 744
4,706
16,491
6,420
29,884
22, 854
4,881
17,358
7,030
31,883
24,917
5,101
19,090
6,966
34,094
26,493
6,035
19,533
7,601
39,364
31, 583
7,252
23,205
7,781
Eastern 2Europe
Canada
Latin American Republics and other Western Hemisphere
382
9,478
6,514
420
10,927
6,462
900
13,109
7,227
2,047
16, 710
9,961
1,737
21,842
15,820
3,249
23, 537
17,108
4,123
26,336
16,871
2,895
28,533
17,921
4,082
31,058
22,031
Japan
Australia, New Zealand, and South Africa
Other countries in Asia and Africa
4,650
1,593
5,685
4,053
1,693
6,175
4,963
1,542
8,356
2,247
10,873
10, 724
3,757
16,262
9,567
3,508
20,235
10,196
3,920
21,416
10,566
3,777
23,030
12,960
4,210
28,179
29,888
1,904
10,295
30, 262
2,127
10,510
34,564
2,551
11,366
48,529
3,414
17,420
64,487
6,219
25,863
66,496
9,956
27,387
72,335
11, 561
26, 726
76,970
12,877
28,074
87,592
14,846
35,364
39,866
45,579
55,797
70,499
103,649
98,041
124,051
151,689
176,071
28, 226
22,119
5,135
16,163
6,107
36, 617
29,060
6,476
21,576
7,557
45
404
1,158
-1, 278
557
1,250
-1,753
601
1,148
-2,620
IMPORTS
Merchandise imports, Census basis i (general imports)
Adjustments:
Virgin Islands imports from foreign countries
Gold imports, nonmonetary
U.S.-Canadian reconciliation adjustments, n.e.c, n e t 2
Merchandise imports of 6U.S. military agencies identified in Census documents 3
Other
adjustments,
t
j
, net
Of which
hh quarterly
l allocation
ll
Of
of annual seasonal adjustment discrepancy 5
Equals: Merchandise imports, adjusted to balance of payments basis, excluding
"military" (table 1, line 18).
Merchandise
trade, by area, adjusted to balance of payments basis, excluding military: 7
242
EXPORTS
Total, all countries (A-10)
Western Europe
European Communities (9)
United Kingdom
European Communities (6)
.
Western Europe, excluding E C (9)
.
.
Seasonal adjustment discrepancy (Bl less B2, 7-12).
Memoranda:
Developed
countries 7
OPEC 7
Other developing countries
7
IMPORTS
Total, all countries (A-18).
Western Europe
European Communities (9)
United Kingdom
European Communities (6)
Western Europe, excluding E C (9).
11,294
12,813
15, 661
2,214
6,674
2,406
2,477
7,600
2,736
Eastern Europe..
Canada 2_.
Latin American Republics and other Western Hemisphere..
218
10,696
5,912
Japan
.
Australia, New Zealand, and South Africa
Other countries in Asia and Africa
2,946
9,126
3,589
19, 774
15,816
3,527
11,619
3,958
24,267
19,244
4,123
14,398
5,023
20,764
16,513
3,737
12,145
4,251
23,003
17,739
4,160
12,823
5,264
225
12,214
6,116
363
14,493
7,066
601
17,694
9,644
977
22,392
18,658
734
21, 710
16,177
875
26,475
17,208
1,127
29,644
21,165
1,509
33,804
23,044
5,894
1,128
4,724
7,278
1,158
6,775
9,076
1,413
7,725
9,665
1,852
11, 269
12,414
2,019
22,922
11, 257
2,242
25,157
15,531
2,479
18,565
2,792
50,170
24,542
4,440
52,115
29,012
1,763
8,873
33,463
2,265
9,626
40,643
2,974
11,817
48,985
5,097
15,816
61,092
17,234
24,346
55,973
18,897
22,437
67,488
27,409
27,970
79, 227
35,778
34,903
99,403
33,289
41,118
Seasonal adjustment discrepancy (B17 less B18, 23-28).
Memoranda:
Developed
countries 7
OPEC 7
Other developing countries
See footnotes on page 55.
.
7
SURVEY OF CUERENT BUSINESS
June 1979
43
Merchandise Trade
of dollars]
Not seasonally adjusted
Seasonally adjusted
Line
1977
I
II
III
29,641
31,777
29,091
22
14
22
22
5
186
767
-849
27
28
9
163
509
-742
167
336
-795
1979
1978
IV
I
II
III
30,641
30,953
37,020
35,261
40,340
21
17
31
20
28
163
416
-971
33
19
8
202
517
-1,310
38
31
44
34
184
438
- 1 , 210
207
530
- 1 , 227
IV
175
415
-899
1977
1979
1978
I
II
III
IV
I
II
III
IV
41,071
29,798
30,837
30,709
30,054
30,955
35,685
37,229
39,634
41,091
1
35
47
9
202
526
-885
22
14
22
22
5
172
767
-849
27
28
9
173
509
-742
21
17
33
19
8
187
517
-1,310
38
31
44
34
174
415
-899
31
20
28
166
416
-971
194
438
- 1 , 210
209
530
- 1 , 227
35
47
9
208
526
-885
2
3
4
5
6
7
IP
172
336
-795
IP
32
162
-92
-56
149
110
-247
73
319
-29
28,993
30,314
30,789
36,599
34,495
40,001
41,324
—61
29,518
-155
—63
30,558
-117
-61
29,665
166
17
30,811
128
18
35,267
-229
18
36,491
91
18
39,315
8
9
32,092
99
-63
31,075
319
29,417
41,350
10
35,379
37,239
36,927
38,140
40,551
43,200
43,145
45,130
45,387
36,078
36,651
37,169
37,792
41,366
42,471
43,497
44,708
46,311
11
724
267
149
-37
5
670
320
-78
-78
155
620
255
-92
-62
107
691
444
-205
-62
211
906
195
473
211
667
145
621
236
37,185
-49
213
-4
45,684
-50
330
46,524
-32
51
—4
43,174
12
13
14
15
16
17
46,110
-42
285
—4
42,710
733
292
-42
23
—4
44,503
621
236
-50
330
691
444
-205
-62
209
-2
38,869
667
145
-49
217
620
255
—92
-62
106
—1
37,996
473
211
-32
55
670
320
— 78
-78
154
—1
37,639
906
195
-42
289
724
267
149
-37
4
47,448
36,487
38,228
37,755
39,219
41,899
43,907
733
292
-42
27
44,155
29,417
32,092
28,993
30,314
30,789
36,599
34,495
40,001
41,324
29,518
31,075
30,558
29,665
30,811
35,267
36,491
39,315
41,350
1
8,724
6,749
1,490
5,020
1,975
9,159
7,137
1,624
5,263
2,022
7,853
6,079
1,388
4,485
1,774
8,358
6,528
1,533
4,765
1,830
8,688
6,969
1,715
5,009
1,719
9,826
7,928
1,951
5,702
1,898
9,362
7,514
1,551
5,707
1,848
11,488
9,172
2,035
6,787
2,316
12,566
9,858
2,523
7,163
2,708
8,589
6,656
1,461
4,957
1,933
8,824
6,873
1,548
5,082
1,951
8,699
6,746
1,520
4,997
1,953
7,982
6,218
1,506
4,497
1,764
8,586
6,889
1,684
4,961
1,697
9,468
7,638
1,861
5,512
1,830
10,333
8,314
1,700
6,326
2,019
10,977
8,742
2,007
6,406
2,235
12,442
9,758
2,474
7,113
2,684
2
3
4
5
6
949
6,915
3,862
761
7,970
4,334
514
6,427
4,998
671
7,221
4,727
988
6,842
4,640
1,475
8,427
5,495
890
7,149
5,617
729
8,640
6,279
963
8,649
6,003
887
7,103
4,071
726
7,249
4,273
614
7,098
5,111
668
7,083
4,466
917
7,034
4,911
1,389
7,649
5,443
1,043
7,901
5,737
733
8,474
5,940
892
8,889
6,341
7
8
9
2,810
961
5,196
2,560
889
6,419
2,472
995
5,734
2,724
932
5,681
2,626
865
6,140
3,065
1,057
7,254
3,340
1,040
7,097
3,929
1,248
7,688
4,219
1,177
7,747
2,745
961
5,283
2,606
889
6,145
2,563
995
5,878
2,652
932
5,724
2,572
865
6,264
3,118
1,057
6,921
3,449
1,040
7,262
3,821
1,248
7,732
4,140
1,177
7,921
10
11
12
-274
590
-452
13
i
—121
363
—400
158
—338
222
18
19,410
2,873
6,185
20,578
3,393
7,360
17, 747
3,338
7,394
19, 235
3,273
7,135
19,021
3,337
7,443
22,375
3,853
8,896
20,891
3,774
8,940
25,305
3,882
10,085
26,611
3,303
10,447
19,398
3,042
6,312
19,568
3,246
7,172
19,355
3,402
7,587
18,649
3,187
7,003
19,057
3,542
7,633
21, 292
3,687
8,677
22, 723
3,834
9,165
24, 520
3,783
9,889
26,648
3,510
10, 752
14
15
16
36,487
38,228
37,755
39,219
41,899
43,907
44,155
46,110
46,524
37,185
37,639
37,996
38,869
42,710
43,174
44,503
45,684
47,448
17
6,439
4,989
1,180
3,614
1,450
6,986
5,532
1,278
4,050
1,454
7,266
5,784
1,353
4,233
1,482
7,535
5,814
1,324
4,267
1,721
8,774
6,891
1,523
5,125
1,883
9,163
7,286
1,713
5,313
1,877
9,125
7,323
1,612
5,469
1,802
9,555
7,560
1,628
5,669
1,995
9,238
7,237
1,658
5,330
2,001
6,431
4,981
1,173
3,614
1,450
6,943
5,489
1.240
4,050
1,454
7,299
5,817
1,373
4,232
1,482
7,553
5,832
1,349
4,267
1,721
8,760
6,877
1,511
5,125
1,883
9,107
7,230
1,664
5,313
1,877
9,161
7,359
1,632
5,469
1,802
9,589
7,594
1,669
5,669
1,995
9,223
7,222
1,645
5,330
2,001
18
19
20
21
22
222
7,088
5,846
306
7,803
5,282
292
6,830
4,870
307
7,923
5,167
370
7,910
5,674
360
8,823
5,708
351
7,730
5,628
428
9,341
6,034
315
9,115
6,657
222
7,268
5,846
306
7,258
5,282
292
7,389
4,870
307
7,729
5,167
370
8,109
5,674
360
8,178
5,708
351
8,395
5,628
428
9,122
6,034
315
9,339
6,657
23
24
25
3,913
555
12,424
4,589
691
12,571
4,810
730
12, 957
5,253
816
12, 218
5,753
904
12,514
6,276
1,051
12,526
6,384
1,104
13,833
6,129
1,381
13, 242
6,269
1,229
13, 701
3,949
583
12, 424
4,540
692
12, 571
4,796
724
12, 957
5,280
793
12, 218
5,784
948
12,514
6,198
1,052
12,526
6,380
1,099
13,833
6,180
1,341
13, 242
6,294
1,283
13,701
26
27
28
462
47
—331
-178
—344
-252
20,208
9,049
8,701
21,355
8,361
8,859
25,035
8,489
10, 689
26, 232
8,475
10, 695
17,995
9,653
8,438
20,069
8,715
8,905
19,636
9,049
8,701
21,527
8,361
8,859
23,341
8,503
9,500
25, 313
7,822
10, 234
24,343
8,489
10,689
26,406
8,475
10,695
25,851
8,763
11, 373
18,231
9,653
8,438
19,433
8,715
8,905
551
23,601
8,503
9,500
45
24, 535
7,822
10, 234
636
29
26,139
8,763
11, 373
30
31
32
SUEVEY OF CURKENT BUSINESS
44
June 1979
Table 3.—U.S.
[Millions
1970
1971
1972
2,603
-2,260
-6,416
911
-5,343
2,873
776
-711
329
1,625
919
-72
408
440
-204
-537
30
1,442
892
233
758
550
3,897
2,500
583
2,093
1,397
Eastern 2Europe
Canada
Latin American Republics and Other Western Hemisphere
164
-1,218
602
195
-1,287
346
537
-1,384
161
1,446
-984
317
Japan
Australia, New Zealand, and South Africa
Other countries in Asia and Africa
Seasonal adjustment discrepancy (BIS less B29)
-1,244
465
961
- 3 , 225
535
400
-4,113
129
-1,035
876
141
1,422
-3,201
-138
884
Line
1973
1974
1975
1976
1977
1978
9,047
-9,306
-30,873
-34,187
9,120
6,341
1,144
5,213
2,779
8,880
7,178
941
6,267
1,702
5,868
4,374
900
3,370
1,494
2,747
2,523
776
1,629
224
760
-550
-2,838
2,515
1,827
931
3,248
-139
-337
1,768
-1,111
- 3 , 244
2,573
- 2 , 746
-1,013
-1,309
395
-396
-1,690
1, 738
-6,660
-1,690
1,266
-4, 922
-5,335
1,441
-17,064
-7,999
985
-27,140
-11,582
-230
-23,936
-6,079
-423
-451
-456
-1,683
1,604
3,395
-11,015
1,517
10,523
-8,941
4,950
4,847
-15,848
-1,244
-2,257
-22,901
-6,829
-11,811
-18,443
-5,754
Merchandise trade, by area, adjusted to balance of payments basis, excluding military—Continued
BALANCE (EXCESS OF EXPORTS-)-)
Total, all countries.
Western Europe
European Communities (9)
United Kingdom
European Communities (6)
Western Europe, excluding EC (9)_
Memoranda;
Developed countries 7
OPEC 7
Other developing countries
Merchandise trade, by principal end-use category, adjusted to balance of payments
basis, excluding military;
EXPORTS
42,469
43,319
49,381
71,410
98,306
107,088
114,745
120,816
141,884
Agricultural products
Nonagricultural products
Foods, feeds, and beverages
Foods, feeds, and beverages—agricultural.
Grains
Soybeans
7,374
35, C95
7,831
35,488
9,513
39,868
17,978
53,432
22,412
75,894
22 242
84J 846
23,381
91,364
29,930
111,954
5,874
5,756
3,074
1,210
6,110
5,966
2,981
1,340
7,504
7,333
4,053
1,511
15,199
14,895
9,710
2,772
18,638
18,361
11,609
3,539
19,234
18,907
12,644
2,876
19,830
19,409
12,222
3,323
24,331
96,485
19, 723
19,112
10, 245
4,394
Industrial supplies and materials.
Agricultural
Nonagricultural
Fuels and lubricants
Petroleum and products 8._-
13,795
1,515
12,280
1,697
515
12,703
1,774
10,930
1,703
511
13,966
2,080
11,886
1,704
19,862
2,899
16,963
1,947
605
30,129
3,787
26,342
3,586
851
29,945
3,120
26,825
4,739
32,116
3,688
28,428
4,653
1,078
34,477
4,642
29,835
4,764
1,334
39,254
5,342
33,912
4,500
1,583
Capital goods, except automotive
Machinery, except consumer-type
Civilian aircraft, complete—all types..
Other transportation equipment
14,659
11,756
1,528
243
15,372
11,756
1,918
335
16,914
13,347
1,675
395
21,999
17,454
2,315
481
30,878
24,625
3,395
625
36,639
29,881
3,188
39,112
32,035
3,214
39,767
33,487
2,750
46,499
38,361
3,654
817
Automotive vehicles, parts, and engines.
To Canada»
To all other areas
3,870
2,692
1,178
4,698
3,512
1,186
5,485
4,267
1,219
6,878
5,251
1,627
8,625
6,205
2,421
10,631
7,088
3,543
12,100
8,429
3,671
13,364
9,615
3,749
15,336
10,130
5,206
Consumer goods (nonfood), except automotive
2,798
1,473
2,913
1,523
3,583
1,929
4,800
2,672
6,399
3,637
6,560
4,079
8,022
3,565
8,932
4,553
10,425
5,174
39,866
2,927
36,939
45,579
3,650
41,929
55,797
4,650
51,147
70,499
8,415
62,084
103,649
26,609
77,040
98,041
27,017
71,024
124,051
34,573
89,478
151,689
44,983
106,706
176,071
42,289
133,782
Total (A-10).
25,196
24,174
13,477
5,192
All other, including balance of payments adjustments, not included in lines C 4-20Seasonal adjustment discrepancy (Cl less C4, 8, 13, 17, 20 and 21)
Total (A-18)
Petroleum and products 8
Nonpetroleum products...
IMPORTS
6,147
6,364
7,258
9,119
10,568
9,642
11,546
13,981
15,396
15,317
3,168
17,412
3,974
20,913
5,101
28,003
50,983
28,454
64,273
36,975
4,004
3,799
191
4,369
4,068
227
5,970
5,367
477
8,318
7,312
618
10,221
9,576
548
12,346
11,879
406
80.653
47.654
13,985
13,264
592
85,766
45,669
Capital goods, except automotive
Machinery, except consumer-type.
Civilian aircraft, engines, parts
54,375
27,488
9,881
9,202
Automotive vehicles, parts, and engines.
From Canada
From all other areas
5,515
3,146
2,370
7,358
3,973
3,385
8,685
4,617
4,068
10,257
5,264
4,993
12,028
5,621
6,407
11,693
5,772
5,921
16,169
7,860
18,641
9,104
9,537
24,314
10,357
13,957
Consumer goods (nonfood), except automotive
All other, including balance of payments adjustments, not included in lines C 26-35.
Seasonal adjustment discrepancy (CSS less C26, 27, 29, 82, 35 and 36)
7,403
1,480
11,104
1,867
12,892
1,910
14,380
2,417
13,211
2,291
17,165
2,552
21,796
2,633
28,166
3,215
Food, feeds, and beverages..
Industrial supplies and materials.
Fuels and lubricants
See footnotes on page 55.
19,214
17,992
947
SURVEY OF CURRENT BUSINESS
June 1979
45
Merchandise Trade—Continued
of dollars]
Seasonally adjusted
Not seasonally adjusted
Line
1977
1979
1978
1977
1978
II
III
IV
I
II
III
IV
I*
I
II
III
-7,070
-6,136
-8,762
-8,905
-11,110
-7,308
-9,660
-6,109
-5,200
-7,667
-6,564
-7,438
2,285
1,760
310
1,406
525
2,173
1,605
346
1,213
568
587
295
35
253
292
823
714
209
498
109
-86
78
192
-116
-164
663
642
238
389
21
237
191
-61
238
46
1,933
1,612
407
1,118
321
3,328
2,621
865
1,833
707
2,158
1,675
288
1,343
483
1,881
1,384
308
1,032
497
1,400
929
147
765
471
429
386
157
230
43
-174
12
173
-164
-186
727
-173
-1,984
455
167
-948
222
-403
128
364
-702
-440
618
-1,068
-1,034
1,115
-396
-213
539
-581
-11
301
-701
245
648
-466
-654
665
-165
- 1 , 775
420
-9
-1,009
322
-291
241
361
-646
-701
-1,103
406
- 7 , 228
-2,029
198
-6,152
-2,338
265
-7,223
-2,529
116
-6,537
-3,127
-39
-6,374
-3,211
6
-5,272
-3,044
-64
-6, 736
-2,200
-133
-5,554
-2,050
-52
- 5 , 954
-1,204
378
-7,141
—583
-1,934
197
-6,426
316
-2,233
271
-7,079
—69
I
1979
II
III
IV
IP
-7,907
-8,012
-6,369
-6,098
33
361
408
197
199
-47
1,172
955
68
857
217
1,388
1,148
338
737
240
3,219
2,536
829
1,783
683
34
35
36
37
38
547
-1,075
-763
1,029
-529
-265
692
-494
109
305
-648
-94
577
-450
-316
39
40
41
-2,628
139
-6,494
836
-3,212
-83
-6,250
—889
-3,080
5
-5,605
177
-2,931
-59
-6,571
70
-2,359
-93
-5,510
64%
-2,154
-106
- 5 , 780
—1,088
42
43
44
45
46
47
48
IV
I
-9,204 -11,899
1,415
-6,780
-2,253
509
-5,322
-1,545
-1,889
-5, 711
-1,307
-2,292
-5,088
-1,724
-4,320
-5.166
-2,057
-2,938
-3,969
-1,338
-3,452
- 4 , 715
-1,749
-1,101
-4,593
-610
760
-5,460
-926
1,167
-6,611
-2,126
135
-5,469
-1,733
-853
-5,647
-1,114
-2,706
-5,174
-1,856
- 4 , 544
-4,961
-1,867
-3,243
-4,135
-1,557
-2,312
-4,655
-1,524
-1,712
-4,692
-806
509
-5,253
-621
29,417
32,092
28,993
30,314
30,789
36,599
34,495
40,001
41,324
29,518
31,075
30,558
29,665
30,811
35,267
36,491
39,315
41,350
1
6,413
23,004
6,470
25,622
5,221
23,772
6,227
24,087
6,692
24,097
7,987
28,612
6,922
27,573
8,329
31,672
7,825
33,499
6,245
23, 273
6,254
24,821
6,023
24,535
5,809
23,856
6,510
24,301
7,666
27,601
7,817
31,498
7,643
33, 707
2
3
5,001
4,913
2,649
1,272
5,260
5,125
2,669
1,324
4,294
4,072
2,493
476
5,168
5,002
2,434
1,322
5,313
5,165
2,872
1,092
6,832
6,633
3,742
1,548
6,057
5,680
3,586
786
6,994
6,696
3,277
1,766
6,234
6,065
3,090
1,607
5,100
4,951
2,649
1,193
5,124
4,958
2,669
1,239
4,739
4,600
2,493
881
4,760
4,603
2,434
1,081
5,432
5,211
2,872
1,000
6,612
6,377
3,742
1,394
7,937
28,554
6,662
6,381
3,586
1,400
6,490
6,205
3,277
1,398
6,386
6,132
3,090
1,486
4
5
6
7
8,476
1,376
7,100
896
300
9,193
1,172
8,021
1,396
340
8,717
975
7,742
1,317
367
8,091
1,119
6,972
1,155
327
8,450
1,411
7,039
560
332
9,773
1,227
8,546
1,125
379
10,010
1,159
8,851
1,309
415
11,021
1,545
9,476
1,506
457
12,547
1,671
10,875
1,355
423
8,265
1,165
7,100
1,125
300
9,221
1,199
8,021
1,284
340
8,909
1,167
7,742
1,288
367
8,082
1,111
6,972
1,067
327
8,224
1,185
7,039
730
332
9,797
1,251
8,546
1,057
379
10,224
1,373
8,851
1,299
415
11,009
1,533
9,476
1,414
457
12,286
1,411
10,875
1,707
423
8
9
10
11
12
9,661
8,265
515
127
10,322
8,635
824
136
9,628
8,276
518
142
10,156
8,311
893
184
10,057
8,592
500
193
11,587
9,763
658
219
11,591
9,435
995
195
13,264
10,571
1,501
210
13,529
10,786
1,477
255
9,773
8,312
601
127
9,854
8,280
717
136
10,264
8,579
680
142
9,876
8,316
752
184
10,207
8,652
597
193
11,058
9,353
561
219
12,408
9,779
1,274
195
12,826
10,577
1,222
210
13,822
10,872
1,808
255
13
14
15
16
3,248
2,389
859
3,759
2,815
944
2,820
1,904
916
3,537
2,507
1,030
3,461
2,308
1,153
4,226
2,864
1,363
3,334
2,100
1,233
4,315
2,858
1,457
4,391
2,909
1,482
3,253
2,408
903
3,463
2,522
908
3,243
2,265
959
3,405
2,420
979
3,475
2,332
1,217
3,852
2,525
1,312
3,860
2,525
1,292
4,149
2,748
1,385
4,416
2,944
1,565
17
18
19
2,135
896
2,307
1,251
2,297
1,237
2,193
1,169
2,262
1,246
2,718
1,463
2,571
932
2,874
1,533
2,928
1,695
2,154
955
2,160
1,166
2,407
1,275
2,211
1,157
2,286
1,311
2,546
1,369
2,697
971
2,896
1,523
2,963
1,780
20
21
18
87
—279
—124
S3
-331
-303
22
37,185
12,396
24,789
37,639
10,699
26,940
37,996
11,342
26,654
42,710
10,618
32,092
43,174
9,991
33,183
44,503
10,873
33,630
47,448
11,638
35,810
23
24
25
36,487
12,396
24,091
38,228
10,699
27,529
37,755
11,342
26,413
39,219
10,546
28,673
41,899
10,618
31,281
43,907
9,991
33,916
44,155
10,873
33,282
46,110
10,807
35,303
46,524
11,638
34,886
174
38,869
10,546
28,323
422
45,684
10,807
34,877
3,514
3,950
3,149
3,368
3,864
3,853
3,587
4,092
4,063
3,514
3,950
3,149
3,368
3,864
3,853
3,587
4,092
4,063
26
20,241
13,058
19,864
11,322
20,432
11,927
20,116
11,347
20, 955
11,380
21,206
10, 953
21,685
11, 688
21, 920
11, 648
22, 670
12,510
20,345
13,058
19,645
11,322
20,562
11,927
20,101
11,347
21,075
11,380
20,916
10,953
21,832
11,688
21,943
11,648
22,790
12,510
27
28
3,126
3,003
103
3,505
3,336
143
3,548
3,376
131
3,806
3,549
215
4,201
4,023
141
4,862
4,504
274
4,955
4,632
253
5,196
4,833
279
5,602
5,154
346
3,126
3,003
103
3,505
3,336
143
3,548
3,376
131
3,806
3,549
215
4,201
4,023
141
4,862
4,504
274
4,955
4,632
253
5,196
4,833
279
5,602
5,154
346
29
30
31
4,395
2,361
2,034
4,797
2,502
2,295
4,211
1,818
2,393
5,238
2,423
2,815
5,826
2,410
3,416
6,427
2,836
3,591
5,450
2,119
3,331
6,611
2,992
3,619
6,494
2,890
3,604
4,218
2,311
1,892
4,431
2,259
2,178
4,763
2,193
2,555
5,229
2,341
2,912
5,589
2,350
3,200
5,945
2,553
3,434
6,172
2,560
3,582
6,608
2,894
3,741
6,238
2,814
3,387
32
33
34
4,731
480
5,329
783
5,817
598
5,919
772
6,145
908
6,904
655
7,757
721
7,360
931
6,733
962
5,045
480
5,402
783
5,487
598
5,862
772
6,540
908
6,993
655
7,324
721
7,309
931
7,148
962
35
36
-77
-111
-269
-60
-88
-395
467
633
645
37
SURVEY OF CURRENT BUSINESS
46
June 1979
Table 3.—U.S.
[Millions
Line
1970
1971
1972
1973
1974
43,228
44,155
49,787
71,389
7,349
35,879
35,314
7,787
36,368
35,787
9,504
40,283
39,723
17,862
53,527
53,011
5,849
6,066
7,500
3,073
1,216
1,559
2,974
1,327
1,765
4,074
1,508
1,918
13,690
12,620
1,695
1,143
1,052
1975
1976
1977
1978
98,597
108,050
115,346
121,212
143,660
22,261
76,336
75,737
22,095
85,955
85,494
23,274
92,072
91,882
24,219
96,931
29,799
113,861
113,775
15,089
18,489
19,086
19,712
19,591
25,049
9,727
2,761
2,602
11,568
3,537
3,386
12,582
2,865
3,640
12,199
3,315
4,197
10,242
4,393
4,955
13,464
5,208
6,377
13,878
19,642
29,961
29,775
31,960
34,297
38,958
1,701
1,155
1,386
508
1,921
1,463
2,299
940
3,626
2,597
3,231
1,353
4,750
2,500
2,605
1,001
4,684
2,720
2,962
1,058
4,763
2,683
3,408
1,538
4,499
2,628
3,999
1,754
Merchandise trade, by end-use category, Census basis, 1 including military grant
shipments:
Merchandise exports, Census basis, including military grant shipments (A-l)
Agricultural products
Nonagricultural products
Excluding military grant shipments
Foods, feeds, and beverages
Grains and preparations
Soybeans
Other foods, feeds, and beverages.
Industrial supplies and materials
Fuels and lubricants 10
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.).
378
1,694
1,092
1,304
589
488
3,067
2,644
462
3,001
2,701
3,245
3,299
681
4,503
4,699
832
7,445
5,919
852
7,393
5,629
922
8,089
6,795
1,094
8,641
7,356
1,358
10,362
8,444
Steelmaking materials
Iron and steel products
Other metals, primary and advanced, including advanced steel
Precious metals (gold, silver, platinum)
547
1,304
1,750
76
263
875
1,228
66
281
878
1,296
121
645
1,394
2,037
156
924
2,480
2,907
847
2,076
3,125
682
725
2,005
3,060
450
482
1,875
3,996
1,169
845
2,028
4,794
1,356
Capital goods, except automotive
Machinery, except consumer-type
Electrical and electronic, including parts and attachments..
Nonelectrical, including parts and attachments
Construction machinery and nonfarm tractors
Textile and other specialized industry machinery
Other industrial machinery, n.e.c
Agriculture machinery and farm tractors
Business and office machines, computers, etc
Electronic computers and parts
Scientific, professional, and service industry equipment.
Civilian aircraft, engines, parts
Civilian aircraft, complete, all types.
Other transportation equipment
14,442
15,190
16,792
21,662
36,270
38,679
39,312
45,951
11,619
2,045
9,574
11,645
2,076
9,569
13,212
2,504
10,708
17,168
3,472
13,696
24,209
4,944
19,265
29,568
5,309
24,259
31,658
6,590
25,068
33,074
7,238
25,836
37,875
8,110
29,765
2,025
871
3,784
358
1,687
1,237
849
1,948
849
3,842
361
1,686
1,262
883
2,227
920
4,230
485
1,822
1,341
1,023
2,940
1,272
5,163
663
2,352
1,717
1,309
4,485
1,784
7,173
994
3,061
2,198
1,770
6,650
1,923
9,289
1,430
2,960
2,228
2,007
6,236
1,908
9,747
1,617
3,274
2,588
2,285
5,633
1,996
9,940
1,587
4,049
3,264
2,630
6,420
2,426
10,464
1,755
5,241
4,199
3,460
2,660
1,528
163
3,282
1,918
263
3,217
1,707
4,068
2,315
426
5,599
3,366
590
5,901
3,169
801
6,175
3,204
846
5,679
2,739
559
7,283
3,616
793
Automotive vehicles, parts ana engines.
3,652
5,119
6,343
8,162
10,077
11,243
12,115
14,460
To Canada •
To all other areas.
Passenger cars, new and used
Trucks, buses, and special vehicles
Bodies, engines, parts and accessories, n.e.c..
Consumer goods (nonfood), except automotive..
2,474
1,178
3,210
1,186
3,901
1,219
4,716
1,627
5,742
2,421
6,534
3,543
7,572
3,671
8,366
3,749
9,254
5,206
837
579
2,237
1,183
622
2,590
1,322
711
3,086
1,825
888
3,630
2,334
1,394
4,435
2,885
2,19&
4,993
3,267
2,068
5,908
3,628
2,041
3,691
2,770
7,999
2,734
2,862
3,510
4,714
6,284
6,476
7,916
1,039
1,571
1,115
1,612
1,482
1,841
2,055
2,324
2,891
3,070
2,840
3,374
261
3,573
4,010
Consumer durables, manufactured
Consumer nondurables, manufactured
Unmanufactured consumer goods (gem stones).
Special category (military-type goods).
Exports, n.e.c, and reexports
Domestic (low-value, miscellaneous) Foreign (reexports) "
Seasonal adjustment discrepancy (Dl less JDS, 9, tl, SB, 41, 46, and 46).
See footnotes on page 55.
124
136
187
336
324
1,359
1,490
1,180
1,583
2,134
1,503
1,533
1,808
1,008
800
2,354
1,261
1,093
3,168
1,805
1,363
634
895
2,996
3,372
1,883
1,490
334
6,446
8,817
3,763
4,688
10,272
4,602
5,153
517
3,208
2,600
4,489
3,872
3,236
1,562
1,674
1,665
2,207
4,480
1,974
2,506
SURVEY OF CURRENT BUSINESS
June 1979
47
Merchandise Trade—Continued
of dollars]
Not seasonally adjusted
1977
Seasonally adjusted
1977
1979
1978
1978
1979
Line
I*
I
II
III
IV
I
II
III
IV
40,363
41,081
29,827
30,851
30,719
30,063
30,967
35,716
37 249
39,656
41,100
1
8,292
32,071
32,048
7,749
33,332
33,322
6,202
23,625
23,596
6,229
24,622
24,608
5,992
24,727
24,717
5,796
24, 267
24, 258
6,456
24,511
24,499
7,676
28,040
28,009
7,887
29,362
29,342
7,780
31,876
31,853
7,566
33,534
33,524
2
3
4
6,958
6,164
5,052
5,091
4,705
4,743
5,371
6,613
6,613
6,452
6,316
5
3,261
1,782
1,914
3,062
1,594
1,507
2,641
1,179
1,118
2,665
1,256
1,222
2,504
875
1,361
2,432
1,083
1,254
2,852
997
1,398
3,764
1,411
1,505
3,587
1,386
1,745
3,261
1,414
1,729
3,062
1,473
1,605
6
7
8
10,944
12,445
8,146
8,989
8,984
8,138
8,144
9,726
10,156
10,932
12,184
9
1,506
676
1,033
354
1,348
695
1,295
560
1,127
658
908
424
1,282
710
920
447
1,284
720
781
279
1,070
595
799
388
730
618
875
427
1,055
691
947
422
1,299
643
1,050
466
1,415
676
1,127
439
1,700
695
1,177
473
10
11
12
13
276
2,698
1,996
556
2,740
2,300
297
3,180
2,726
250
2,135
1,853
243
2,184
1,850
359
2,309
1,902
242
2,013
1,751
279
2,343
1,902
283
2,581
2,092
364
2,698
2,087
432
2,740
2,363
242
3,180
2,656
14
15
16
209
520
1,155
303
246
500
1,316
409
279
560
1,294
335
285
565
2,056
987
141
477
914
235
133
503
913
153
110
447
1,080
376
98
448
1,089
405
142
448
1,029
309
181
520
1,155
303
223
500
1,316
409
299
560
1,294
335
365
565
2,056
987
17
18
19
20
9,908
11, 441
11,475
13,127
13,376
9,678
9,722
10,133
9,779
10,061
10,909
12,293
12,688
13,669
21
8,467
1,822
6,645
9,630
2.029
7,601
9,330
2,045
7,285
10,448
2,214
8,234
10,651
2,222
8,429
8,219
1,760
6,450
8,151
1,855
6,362
8,452
1,761
6,710
8,252
1,862
6,314
8,524
1,822
6,698
9,221
2,029
7,273
9,675
2,045
7,651
10,455
2,214
8,143
10,737
2,222
8,506
22
23
24
1,346
492
2,415
346
1,107
907
678
1,476
533
2,362
391
1,104
884
780
1,594
608
2,714
539
1,267
993
880
1,541
599
2,547
402
1,336
1,079
858
1,809
686
2,841
423
1,534
1,243
942
1,778
684
2,983
393
1,570
1,255
1,021
1,460
498
2,490
428
943
758
611
1,405
500
2,506
364
959
770
641
1,441
526
2,566
404
1,040
829
691
1,327
472
2,378
391
1,107
907
687
1,511
549
2,368
375
1,104
884
767
1,530
589
2,623
447
1,267
993
836
1,599
630
2,676
455
1,336
1,079
904
1,780
658
2,797
478
1,534
1,243
953
1,822
707
2,992
378
1,570
1,255
1,006
25
26
27
28
29
30
31
1,205
514
142
1,660
892
154
1,267
495
174
1,597
650
214
1,950
984
195
2,469
1,487
210
2,470
1,459
255
1,331
599
127
1,425
713
136
1,434
676
142
1,489
751
154
1,349
592
174
1,461
553
214
2,297
1,263
195
2,176
1,208
210
2,665
1,790
255
32
33
34
3,276
2,566
3,218
3,282
3,961
3,150
4,067
4,161
3,059
2,980
2,989
3,087
3,295
3,588
3,677
3,900
4,186
35
2,332
944
1,650
916
2,188
1,030
2,129
1,153
2,599
1,363
1,916
1,233
2,610
1,457
2,679
1,482
2,215
902
2,039
909
2,012
959
2,153
1,217
2,259
1,312
2,341
1,293
2,501
1,384
2,714
1,565
36
37
915
495
1,645
1,086
527
1,663
671
511
1,384
956
508
1,754
837
600
1,846
1,054
756
2,152
739
647
1,763
1,061
767
2,238
1,093
793
2,275
937
522
1,591
960
480
1,529
877
516
1,590
2,100
979
854
523
1,736
857
638
1,787
924
687
1,971
964
655
2,030
946
790
2,211
1,122
845
2,207
38
39
40
2,110
2,273
2,256
2,178
2,227
2,688
2,528
2,829
2,882
2,129
2,126
2,365
2,197
2,251
2,516
2,654
2,851
2,917
41
935
1,091
84
992
1,182
100
912
1,264
79
924
1,151
103
999
1,115
114
1,250
1,317
121
1,091
1,303
133
1,262
1,418
149
1,231
1,465
186
944
1,091
80
918
1,182
90
976
1,264
90
925
1,151
106
1,008
1,115
108
1,157
1,317
109
1,173
1,303
150
1,264
1,418
150
1,242
1,466
177
42
43
44
45
I
II
III
29,670
31,791
29,101
6,367
23,303
23,274
6,446
25,345
25,331
5,193
23,908
23,898
4,952
5,231
2,641
1,258
1,053
2,665
1,341
1,224
8,397
898
658
995
500
I
II
III
30,650
30,965
37,051
35,281
6,213
24,437
24,428
6,638
24,327
24,315
7,997
29,054
29,023
6,872
28,409
28,389
4,260
5,148
5,250
6,834
6,007
2,504
470
1,285
2,432
1,324
1,393
2,852
1,089
1,310
3,764
1,564
1,506
3,587
773
1,647
8,961
8,792
8,147
8,370
9,701
9,943
1,394
710
992
502
1,313
720
699
229
1,158
595
722
307
560
618
972
511
1,124
691
1,036
485
1,309
643
958
404
305
2,135
1,903
178
2,184
1,935
282
2,309
1,818
329
2,013
1,700
332
2,343
1,955
194
2,581
2,193
112
477
914
235
154
503
913
153
123
447
1,080
376
93
448
1,089
405
111
448
1,029
309
9,566
10,187
9,498
10,061
8,172
1,760
6,412
8,504
1,855
6,649
8,151
1,761
6,390
8,247
1,862
6,385
1,429
485
2,490
444
943
758
622
1,467
517
2,591
439
959
770
675
1,391
502
2,444
358
1,040
829
655
1,267
513
127
1,547
820
136
3,055
2,196
859
IV
IV
IP
717
834
759
898
936
1,243
1,123
1,187
819
717
834
759
898
936
1,243
1,123
1,187
819
873
1,030
969
1,000
993
1,181
1,056
1,250
1,236
927
960
996
989
1,055
1,103
1,085
1,237
1,312
46
385
488
425
605
416
553
439
561
422
571
511
670
490
566
551
699
516
719
385
512
425
545
416
439
566
422
598
-146
511
604
490
598
-852
551
706
516
752
-505
47
48
79
119
-212
232
18
109
49
SURVEY OF CURRENT BUSINESS
48
June 1979
Table 3.—U.S.
[Millions
Line
1970
1971
1972
1973
1974
1975
1976
1977
1978
40,083
45,784
55,941
69,832
100,649
96,573
121,009
147,685
172,026
Foods, feeds, and beverages
6,152
6,364
7,264
9,112
10,568
9,642
11,546
13,981
15,396
Coffee, cocoa, and sugar
2,085
2,111
2,165
2,707
4,069
3,747
4,144
5,469
5,118
1,159
725
1,167
764
1,182
832
1,570
925
1,505
2,247
1,561
1,865
2,632
1,154
3,910
1,076
3,728
723
Merchandise imports, Census basis, ( A - l l ) .
Green coffee.
Cane sugar..
Other foods, feeds, and beverages.
4,067
4,253
5,099
6,405
6,499
5,895
7,402
8,513
10,279
Industrial supplies and materials...
15,222
17,134
20,616
27,001
51,583
49,131
61,082
76,423
81,732
3,086
2,796
3,762
3,376
4,882
4,368
8,295
7,759
25,540
24,661
26,630
25,194
34,598
32,210
44,983
42,346
42,915
39,535
Fuels and lubricants 10 ii
Petroleum and products 8
Paper and paper base stocks
Materials associated with nondurable goods and farm output, n.e.s..
Textile supplies and materials
Tobacco, unmanufactured
Chemicals, excluding medicinal
Other (hides, copra, materials for making photos, drugs, dyes)
Building materials, except metals.
Materials associated with durable goods output, n.e.s
Steelmaking materials
Iron and steel products
Other metals, primary and advanced, including advanced steel
Precious metals (gold, silver, platinum)
Nonmetals (oils, gums, resins, minerals, rubber, tires, etc.)
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.
Other industrial machinery, n.e.s
Agricultural machinery and farm tractors
Business and office machines, computers, etc
Scientific, professional and service industry equipment
Transportation equipment, except automotive..
Civilian aircraft, engines, parts
Civilian aircraft, complete, all typesAutomotive vehicles,12parts, and engines 12.
From Canada
From all other areas.
Passenger cars, new and used
Trucks, buses, and special vehicles
Bodies, engines, parts and accessories, n.e.s...
Consumer goods (nonfood), except automotiveConsumer durables, manufactured
Consumer nondurables, manufactured
_
Unmanufactured consumer goods (gems, nursery stock).
Imports, n.e.s. (low value, goods returned, military aircraft, movies, exhibits) .
Seasonal adjustment discrepancy (D50 less D51,66,72,84,90 and 94)
See footnotes on page 55.
1,565
1,634
1,724
2,090
2,969
2,716
3,340
3,604
3,996
2,868
1,209
111
837
712
3,155
1,411
89
956
702
3,704
1,539
157
1,130
878
4,161
1,595
191
1,346
1,029
5,670
1,598
254
2,499
1,321
4,953
1,178
343
2,229
1,203
6,093
1,574
392
2,579
1,547
6,741
1,584
322
3,069
1,767
8,165
1,951
400
3,766
2,049
1,014
1,351
1,991
2,472
1,993
1,556
2,397
3,312
4,387
6,689
706
2,191
2,753
382
1,039
7,232
714
2,871
2,563
405
8,313
758
3,070
3,187
608
1,299
9,982
970
3,196
3,999
964
15,410
1,356
5,559
6,064
1,525
2,432
13,276
1,744
4,605
4,770
1,128
2,157
14,654
1,872
4,379
5,717
1,001
2,685
17,784
1,853
6,001
6,714
1,327
3,214
22,270
1,848
7,590
9,288
2,593
3,544
4,011
3,806
966
1,084
4,352
4,110
5,887
5,421
1,550
1,819
7,957
7,323
9,796
10,198
12,343
13,954
19,181
9,117
9,560
11,876
13,280
17,992
3,096
2,899
4,430
4,365
5,860
12,133
2,403
2,841
596
1,118
2,991
719
979
359
473
433
931
364
533
444
1,161
497
665
205
242
467
634
679
638
466
674
191
48
228
40
437
58
595
81
636
97
548
81
406
94
592
265
231
5,894
7,917
9,327
10,886
11,961
11,673
16,155
18,670
24,314
3,525
2,370
4,532
3,385
5,259
4,068
5,893
4,993
5,554
6,406
5,752
5,921
7,846
8,308
9,133
9,537
10,357
13,957
3,710
720
1,464
5,091
835
1,991
5,730
1,129
6,526
1,282
3,079
7,307
1,452
3,202
7,135
1,302
3,235
8,947
2,062
5,146
10,651
2,634
5,385
13,674
3,709
6,931
7,404
8,392
11,111
12,890
14,380
13,211
17,165
21,796
28,166
3,918
2,960
526
4,514
3,316
563
6,224
4,124
762
7,110
4,786
994
8,256
5,166
958
6,805
5,479
927
8,405
7,488
1,272
11,760
8,285
1,751
14,551
11,249
2,367
1,402
1,626
1,738
1,987
2,361
2,719
2,721
2,862
3,235
3,871
946
2,353
4,970
1,086
6,021
1,179
6,660
1,261
7,446
1,321
8,916
1,670
1,560
667
878
778
2,084
849
977
932
2,431
998
1,014
956
2,587
1,056
1,287
1,196
3,112
1,174
1,497
1,464
4,275
1,367
2,143
1,945
1,189
SURVEY OF CURRENT BUSINESS
June 1979
49
Merchandise Trade—Continued
of dollars]
Not seasonally adjusted
1977
I
II
Seasonally adjusted
1978
III
IV
I
II
1979
III
IV
I*
1978
1977
I
II
III
w
1979
I
II
III
Line
IV
35,379
37,239
36,927
38,140
40,551
43,200
43,145
45,130
45,387
36,078
36,651
37,169
37,792
41,366
42,471
43,497
44,708
46,311
50
3,514
3,950
3,149
3,368
3,864
3,853
3,587
4,092
4,063
3,514
3,950
3,149
3,368
3,864
3,853
3,587
4,092
4,063
51
1,581
1,621
1,027
1,240
1,535
1,178
1,089
1,316
1,247
1,581
1,621
1,027
1,240
1,535
1,178
1,089
1,316
1,247
52
1,235
215
1,234
235
632
293
809
333
1,179
128
887
144
709
267
953
184
834
167
1,235
278
1,234
216
632
225
809
357
1,179
171
887
138
709
211
953
203
834
222
53
54
1,933
2,330
2,122
2,128
2,329
2,675
2,499
2,776
2,816
1,933
2,330
2,122
2,128
2,329
2,675
2,499
2,776
2,816
55
19,056
18,860
19,536
18,971
19,701
20,408
20,596
21,027
21,670
19,157
18,641
19,665
18,959
19,818
20,114
20,748
21,052
21,790
56
12,248
11,666
10,724
10,078
11,377
10,731
10,634
9,871
10,489
9,727
10,476
9,514
10,961
10,146
10,989
10,148
11,900
11,028
12,248
11,666
10,724
10,078
11,377
10,731
10,634
9,871
10,489
9,727
10,476
9,514
10,961
10,146
10,989
10,148
11,900
11,028
57
58
862
899
868
975
930
1,030
995
1,041
1,134
874
864
880
986
948
988
1,008
1,052
1,158
59
1,671
385
105
739
441
1,808
421
82
841
465
1,732
420
71
783
458
1,530
358
64
706
403
2,043
489
105
916
534
2,170
509
134
1,005
523
1,978
498
56
940
484
1,974
455
105
905
508
2,169
462
156
940
611
1,589
385
76
720
441
1,767
421
63
796
465
1,824
420
109
816
458
1,561
358
74
737
403
1,944
489
77
894
534
2,115
509
109
945
523
2,086
498
89
978
484
2,020
455
125
949
508
2,064
462
116
919
611
60
61
62
63
64
688
823
897
904
936
1,133
1,184
1,134
1,090
737
761
856
958
1,002
1,058
1,131
1,196
1,163
65
3,587
249
1,092
1,437
260
808
4,607
516
1,499
1,743
305
849
4,664
587
1,609
1,663
308
802
4,926
501
1,801
1,871
454
755
5,300
346
1,839
2,309
614
808
5,601
374
1,800
2,481
569
945
5,477
578
1,947
2,061
554
893
5,892
550
2,004
2,437
856
898
5,378
362
1,683
2,286
606
1,047
3,741
358
1,099
1,437
260
808
4,473
496
1,562
1,743
305
849
4,711
514
1,637
1,663
308
802
4,859
485
1,703
1,871
454
755
5,507
482
1,837
2,309
614
808
5,414
352
1,863
2,481
569
945
5,524
492
1,983
2,061
554
893
5,825
522
1,907
2,437
856
898
5,584
504
1,680
2,286
606
1,047
66
67
68
69
70
71
72
3,096
3,483
3,536
3,839
4,237
4,814
4,934
5,196
5,602
3,096
3,483
3,536
3,839
4,237
4,814
4,934
5,196
5,602
2,979
3,318
3,377
3,606
4,023
4,504
4,632
4,833
5,154
2,979
3,318
3,377
3,606
4,023
4,504
4,632
4,833
5,154
73
927
1,051
1,158
1,229
1,226
1,436
1,544
1,654
1,700
927
1,051
1,158
1,229
1,226
1,436
1,544
1,654
1,700
74
2,053
363
2,267
419
2,219
444
2,377
444
2,798
547
3,068
623
3,088
646
3,179
587
3,454
611
2,053
363
2,267
419
2,219
444
2,377
444
2,798
547
3,068
623
3,088
646
3,179
587
3,454
611
75
76
718
289
337
347
774
354
364
358
792
259
367
356
828
272
429
403
994
325
482
450
1,066
382
517
482
1,090
316
539
496
1,125
344
605
517
1,268
463
589
524
718
276
337
348
774
305
364
355
792
298
367
361
828
295
429
400
994
309
482
450
1,066
325
517
478
1,090
360
539
504
1,125
373
605
513
1,268
442
589
524
77
78
79
80
117
165
159
233
213
311
302
363
448
117
165
159
233
213
311
302
363
448
81
103
36
143
52
131
52
215
125
176
36
274
86
253
51
279
58
346
120
103
36
143
52
131
52
215
125
176
36
274
86
253
51
279
58
346
120
82
83
4,381
4,825
4,205
5,259
5,826
6,427
5,450
6,611
6,494
4,205
4,459
4,755
5,251
5,592
5,946
6,169
6,607
6,238
84
2,347
2,035
2,530
2,294
1,812
2,392
2,444
2,816
2,410
3,416
2,836
3,591
2,119
3,331
2,992
3,619
2,890
3,604
2,297
1,892
2,288
2,178
2,186
2,555
2,362
2,912
2,349
3,201
2,553
3,433
2,560
3,581
2,895
3,742
2,814
3,387
85
86
2,502
589
1,290
2,777
640
1,408
2,401
554
1,250
2,971
851
1,437
3,375
878
1,573
3,653
994
1,779
3,007
799
1,645
3,639
1,038
1,934
3,615
1,002
1,877
2,333
563
1,315
2,486
591
1,364
2,814
640
1,298
3,018
840
1,408
3,161
834
1,603
3,282
917
1,722
3,534
931
1,708
3,697
1,027
1,898
3,401
950
1,911
87
88
89
4,731
5,320
5,817
5,919
6,145
6,904
7,757
7,360
6,733
5,043
5,404
5,488
5,861
6,538
6,990
7,327
7,311
7,148
90
2,538
1,791
401
2,854
2,024
452
3,009
2,378
431
3,359
2,092
467
3,127
2,447
572
3,555
2,751
597
3,893
3,237
627
3,976
2,814
571
3,398
2,771
565
2,760
1,900
401
2,902
2,111
452
2,921
2,148
431
3,177
2,126
467
3,387
2,599
572
3,612
2,864
597
3,787
2,921
627
3,765
2,865
571
3,670
2,941
565
91
92
93
602
792
685
783
779
793
820
843
825
602
825
94
645
95
W
792
685
783
-78
-109
-269
779
793
820
843
538
-39
-88
-393
SURVEY OF CURRENT BUSINESS
50
June 1979
Table 4.—Selected U.S. Government Transactions
[Millions of dollars]
Line
Al
1976
U.S. Government grants (excluding military) and transactions increasing Government
assets, total
1977
1977
1978
1978
II
III
IV
1979
II
III
IV
9,956
9,187 10,746
2,329
2,361
2,478
2,019
2,479
2,812
2,911
2,545
2,721
Grants, net (table 1, line 34, with sign reversed) _
Financing military purchases *
Other grants
3,146
878
2,268
2,775
501
2,274
3,152
500
2,652
626
139
487
811
245
565
774
117
657
564
564
765
179
587
827
115
711
770
177
593
790
29
761
804
51
753
Loans and other long-term assets (table 1, line 44, with sign reversed) __
Capital subscriptions and contributions to international financial institutions,
excluding IMF
_
Credits repayable in U.S. dollars
_
Credits repayable in foreign currencies...
Other long-term assets
6,943
6,445
7,470
1,772
1,453
1,746
1,475
1,671
1,998
2,161
1,640
1,854
1,102
5,793
45
4
870
5,507
38
30
867
6,573
26
5
185
1,570
227
1,174
11
40
243
1,516
6
-19
215
1,247
12
1
292
1,371
142
1,846
7
3
192
1,961
241
1,395
4
1
163
1,691
1
-133
-101
-33
-70
124
-91
-68
-25
-10
-43
-31
-20
-4
43
-21
-13
-44
-21
-14
115
-12
63
-18
(*)
87
153
6
11
C)
77
199
(*)
75
137
(*)
19
46
(*)
20
34
(*)
19
42
(*)
17
(*)
17
35
(*)
23
32
(*)
18
44
42
1
314
-31
16
(*)
337
46
-2
-9
By category
10
Foreign currency holdings and short-term assets, net (table 1, line 46, with sign reversed).
_
Foreign currency holdings (excluding administrative cash holdings), net..
Receipts from—
Sales of agricultural commodities
_
Interest
Repayments of principal
_
Reverse grants
_
_
Other sources—
Less disbursements for—
Grants and credits in the recipient's currency..
Other grants and credits...
_
Other U.S. Government expenditures
Assets held under Commodity Credit Corporation
Charter
Act, net
Assets financing military sales contracts, net 2
Other short-term assets (including changes in administrative cash holdings), net
O
20
77
18
14
16
(*)
306
170
(*)
80
3
107
49
46
-46
59
185
188
1,329
507
173
65
227
347
1,034
389
262
86
-21
10
(*)
102
13
"-3I"
-19
18
-76
123
80
58
23
243
411
1,188
349
326
58
215
196
1,184
237
202
62
292
229
1,399
268
252
55
142
348
1,509
354
462
67
192
376
1,411
336
616
55
241
274
1,300
281
335
54
163
248
1,507
308
430
65
102
32
-8
64
124
80
81
16
By program
Capital subscriptions and contributions to international financial institutions, excluding IMF
Under farm product disposal programs
Under Foreign Assistance Act and related programs
Under Export-Import Bank Act...
Other assistance programs.
Other foreign currency assets acquired (lines A13, A14, and A16)
Less foreign currencies used by U.S. Government other than for grants or credits (line
A19)..
Other (including changes in administrative cash holdings), net
1,102
1,171
4,876
2,004
891
251
870
1,142
4,735
1,482
963
283
1,227
5,619
1,237
1,666
231
314
-24
337
50
306
206
80
-37
107
110
63
-13
74
-10
Estimated transactions involving no direct dollar outflow from the United States
Expenditures on U.S. merchandise
Expenditures on U.S. services *__
Financing of military sales contracts by U.S. Government 5 (line C6).
B y long-term credits
By short-term credits i
.
B y grant s 1
U.S. Government grants and credits to repay prior U.S. Government credits i 4
U.S. Government long- and short-term credits to repay prior U.S. private credits
Increase in liabilities associated with U.S. Government grants and transactions
increasing Government assets (including changes in retained accounts)6 (line C l l ) . . .
Less receipts on short-term U.S. Government assets (a) financing military sales contracts i and (b) financing repayments of private credits
Less foreign currencies used by U.S. Government other than for grants or credits (line
A19)
8,092
4,438
1,211
1,737
873
100
764
466
782
7,480
3,885
1,190
1,624
1,124
8,355
3,811
1,488
1,575
1,075
2,014
983
272
623
486
1,875
927
309
353
108
2,038
1,132
366
341
224
1,553
843
243
306
2,013
925
347
493
314
2,093
1,056
315
349
234
2,460
1,004
385
430
253
826
441
304
274
1,908
1,004
309
198
147
500
239
965
500
247
1,668
52
179
245
88
320
117
48
282
51
185
179
40
306
115
60
473
177
87
634
29
60
255
51
76
513
(*)
-1
Estimated dollar payments to foreign countries and international financial institutions
By disposition s
42
43
Bl
Repayments on U.S. Government long-term assets, total (table 1, line 45)
2
3
4
5
G
7
Receipts of principal on U.S. Government credits
Under farm product disposal programs
Under Foreign Assistance Act and related programs
Under Export-Import Bank Act
Other assistance programs
Receipts on other long-term assets
-3
-2
226
84
129
314
337
306
1,865
1,707
2,391
2,596
2,719
2,938
2,562
222
776
1,029
535
2,685
251
776
1,129
530
2,904
218
905
1,083
698
1
-1
1
15
45
11
24
58
107
86
63
74
102
315
487
440
466
466
719
451
580
731
656
752
785
707
575
53
177
264
81
704
65
218
302
119
654
51
175
252
176
752
82
206
311
153
778
36
242
299
201
685
47
183
241
214
13
C)
27
231
264
95
(*)
C)
-1
14
(*)
111
64
80
756
813
759
803
88
249
279
187
755
57
239
320
138
4
7
22
1
4
723
-136
122
2,045
19
727
-155
109
1,075
-36
2,299
141
1,617
131
2,627
146
1,740
128
303
274
198
147
34
34
34
5
Cl
U.S. Government liabilities other than securities, total, net increase (+) (table 1, line 61)
4,507
1,240
2,754
563
2
3
Associated with military sales contracts 2
U.S. Government cash receipts from foreign governments (including principal
repayments on credits financing military sales contracts), net of refunds l
Less U.S. Government receipts from principal repayments
Less U.S. Treasury securities issued in connection with prepayments for military
purchases in the United States
Plus financing of military sales contracts by U.S. Government5 (line A34)
B y long-term credits l
B y short-term
credits
By grants'l
Less transfers of goods and services (including transfers financed by grants to Israel,
and by credits) 12 (table 1, line 3)
3,995
1,035
1,756
463
201
347
24
8,146
313
7,232
8,441
517
1,787
95
1,791
92
1,966
84
1,687
110
1,737
873
100
764
1,624
1,124
1,575
1,075
623
341
224
306
306
493
314
349
234
500
500
138
353
108
245
117
179
115
177
29
51
5,574
7,441
7,744
1,854
1,851
1,877
1,924
1,990
2,120
1,709
1,847
(*)
-1
(*)
1
-1
1
O
C)
997
1,029
-32
102
33
23
9
14
28
17
11
55
34
29
-5
10
-15
4
5
6
7
8
9
10
Associated with U.S. Government grants and transactions
increasing Government
assets (including changes in retained accounts)6 (line A40)...
-3
Associated with other liabilities
Sales of nuclear materials by Department of Energy
Other sales and miscellaneous operations
514
56
458
See footnotes on page 55.
208
92
115
223
2
376
(*)
78
19
23
-4
430
253
12
-16
28
-1
971
1,012
-41
C)
54
-6
60
SUKVEY OF CUEEENT BUSINESS
June 1979
51
Table 5.—Direct Investment: Income and Capital
[Millions of dollars]
(Credits+; debits-)
Line
1976
1977
1977
1978
II
1978
III
IV
II
1979
III
IV
U.S. direct investment abroad:
Income (table 1, line 11).__
_
_
Interest, dividends, and earnings of unincorporated affiliates
(table 1, line 12)
Interest
Dividends
Earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates (table 1, line 13)
_.
Capital (outfiow(-)) (table 1, line 48)
Equity and intercompany accounts (table 1, line 49)
Incorporated affiliates
Equity
Increase 12
Decrease
Intercompany accounts
Short-term
Long-term
Unincorporated affiliates
Reinvested earnings of incorporated affiliates (table 1, line 50)
18,999
20,081
25,656
4,912
5,150
4,755
5,264
5,901
6,178
5,444
8,134
7,991
11,303
729
5,698
4,876
7,696
12,795
792
6,519
5,484
7,286
13,593
872
6,951
5,769
12,063
2,931
175
1,369
1,387
1,981
3,159
192
1,628
1,339
1,990
2,927
234
1,460
1,233
1,828
3,777
192
2,061
1,525
1,487
3,089
176
1,400
1,513
2,812
3,645
206
2,110
1,330
2,532
2,851
242
1,362
1,247
2,593
4,007
248
2,080
1,680
4,127
3,651
n.a.
n.a.
n.a.
4,340
-11,949 -12,898 -16,670 -2,565 -4,053 -3,044 -3,237 -5,022 -4,499 -2,727 -4,422 -6,510
-4,253
-1,318
-1,034
-2,659
1,626
-284
-329
45
-2,935
-7,696
-5,612
-2,376
-1,509
-2,644
1,135
-867
-907
40
-3,236
-7,286
-4,606
-2,351
-658
-3,689
3,031
-1,693
-1,087
-606
-2,255
-12,063
-585
-553
-326
-424
97
-227
-79
-148
-31
-1,981
-2,062
-619
-173
-440
266
-446
-520
75
-1,443
-1,990
-1,215
279
-423
-541
118
702
220
482
-1,494
-1,828
-1,750
-1,482
-586
-1,240
654
-897
-528
-369
-267
-1,487
-2,210
-772
-710
-872
163
-62
-178
115
-1,438
-2,812
-1,967
-727
-574
-763
189
-153
-322
169
-1,240
-2,532
-134
2
2
-760
762
-1
131
-132
-136
-2,593
-296
-854
623
-1,294
1,917
-1,477
-718
-759
558
-4,127
-2,171
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-4,340
Income (line 1):
Petroleum
Manufacturing
Other
5,123
7,223
6,653
5,658
7,462
6,960
5,846
10,810
9,000
1,434
1,774
1,703
1,382
2,011
1,757
1,264
1,788
1,703
1,578
1,889
1,797
1,578
2,420
1,903
1,375
2,640
2,162
1,046
2,254
2,143
1,847
3,496
2,792
n.a.
n.a.
n.a.
Interest, dividends, and earnings of unincorporated affiliates (line 2):
Petroleum
Manufacturing
Other
4,385
3,106
3,812
4,646
3,917
4,231
4,373
4,412
4,807
1,084
890
957
1,209
854
1,096
855
1,130
942
1,498
1,042
1,237
1,144
834
1,111
1,068
1,394
1,182
956
821
1,074
1,205
1,363
1,440
n.a.
n.a.
n.a.
Reinvested earnings of incorporated affiliates (line 6, or line 17 with sign
reversed):
Petroleum
Manufacturing
Other
738
4,117
2,841
1,012
3,545
2,729
1,473
6,398
4,193
350
884
746
174
1,156
661
409
658
762
847
560
433
1,586
792
307
1,246
91
1,433
1,069
642
2,132
1,352
n.a.
n.a.
n.a.
-1,683
-1,041
-1,529
-1,792
- 1 , 282
-2,537
317
-1,533
-3,390
314
-429
-1,639
42
-465
-494
-403
-318
28
-493
-1, 285
-874
-538
-799
-1,273
-54
-640
1,243
-1,076
-301
1,220
134
-1,650
-423
n.a.
n.a.
-3,110
-2,834
-3,958
-577
-727
-726
-803
-605 -1,193 -1,157 -1,004
-1,046
-1,451
-128
-664
-658
-1,659
-1,248
-148
-780
-319
-1,586
-1,628
-261
-778
-589
-2,329
-238
-28
-171
-39
-362
-216
-109
-278
-33
-187
-58
-448
-370
-50
-206
-114
-434
-317
-53
-211
-53
-287
-466
-55
-167
-244
-727
-444
-62
-176
-205
-713
-402
-91
-224
-87
-602
-447
-83
-203
-161
-599
4,347
3,728
6,294
965
1,023
760
1,130
1,877
2,280
1,008
1,332
2,687
2,347
1,249
1,356
-107
1,099
785
314
340
1,659
2,142
2,155
1,325
1,398
-73
830
925
-96
-13
1,586
3,964
3,695
2,014
2,219
-205
1,681
445
1,236
270
2,329
641
787
250
264
-14
537
705
-167
-146
339
600
608
119
132
-14
490
406
84
-9
365
575
591
350
382
-32
241
142
99
-16
448
327
169
607
620
-14
-438
-327
-111
158
434
843
885
448
459
-10
436
318
118
-42
287
1,150
1,032
788
840
-51
244
-90
334
118
727
1,567
1,458
323
396
-73
1,135
331
804
108
713
405
320
454
525
-71
-134
-114
-20
86
602
733
660
176
180
-4
485
143
342
73
599
-803
-949
-1,358
-836
-900
-1,099
-1,297
-972
-1,688
-224
-263
-90
-168
-221
-338
-207
-235
-285
-237
-181
-306
-92
-207
-282
-623
-347
-274
-535
-356
-323
-324
-363
-339
-344
Interest, dividends, and earnings of unincorporated affiliates (line 31):
Petroleum
Manufacturing
Other
-265
-340
-846
-235
-470
-543
-294
-477
-857
-61
-78
-56
-142
-163
-47
-122
-110
-70
-128
-172
-61
-141
-116
-67
-88
-310
-70
-110
-263
-96
-138
-168
-72
-126
-250
Reinvested earnings of incorporated affiliates (line 35, or line 46 with
sign reversed):
Petroleum
Manufacturing
Other
-538
-609
-513
-601
-430
-556
-1,004
-495
-831
-163
-185
-112
-79
-175
-160
-113
-175
-166
-53
-214
-245
49
-91
-220
-194
-312
-278
-164
-271
-261
-186
-156
-291
-214
-94
Equity and intercompany accounts (inflow (-f)) (line 37):
Petroleum
Manufacturing
Other
410
625
1,653
52
984
1,106
308
1,762
1,894
-38
149
530
71
144
384
93
292
190
-75
398
3
60
383
73
836
241
131
567
44
-24
386
76
197
460
_.
By industry of affiliate:3
Equity and intercompany accounts (outflow (—)) (line 8):
Petroleum
Manufacturing
Other
Foreign direct investment in the United States:
Income (table 1, line 27)
Interest, dividends, and earnings of unincorporated affiliates (table
1, line 28)
Interest
DividendsEarnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates (table 1, line 29)
Capital (inflow (+)) (table 1, line 65)
Equity and intercompany accounts (table 1, line 66)
Incorporated affiliates
E quity
Increase l 2
Decrease
Intercompany accounts
Short-term
Long-term
Unincorporated affiliates
Reinvested earnings of incorporated affiliates (table 1, line 67)
By industry of affiliate:3
Income (line 30):
Petroleum
Manufacturing
Other
See footnotes on page 55.
SUEVEY OF CUKRENT BUSINESS
52
June 1979
Table 6.—Securities Transactions
[Millions of dollars]
1977
(Credits (+); debits (-))
Line
1976
Foreign securities, net U.S. purchases (—), balance of payments basis (table
1, line 51, or lines 6+17 below)
Stocks:
Al
2
3
4
5
6
7
-8,885 -5,460
Treasury basis, net i
-823
Adjustments:
Less recorded in table 1, line 48 as U.S. direct investment abroad
Plus exchange of stock associated with direct investment in the United States.
Plus other adjustments
_
Balance of payments basis, net
Newly issued in the United States
-323
-167
8
Of which Canada
-63
q
10
11
12
13
Other foreign stocks
Western Europe .
Canada
Japan
Other
-156
-395
49
141
49
._
..
1977
-409
-409
-196
1978
-3,487
526
526
-102
I
II
III
IV
I
II
III
IV
-749
-1,784
-2,177
-749
-999
-1,095
-475
-918
-194
-118
-297
200
830
70
-194
-77
-118
-14
-297
-68
200
-37
330
70
-36
—117
-123
-104
97
13
—104
-168
-75
108
31
—229
-269
-53
83
10
237
28
32
180
-3
330
239
-62
159
-6
628
337
-63
374
-20
106
13
-53
134
12
1.
-1,056
-6
132
-15
-6
-16
132
-50
-15
-13
-40
-13
182
29
101
45
-2
39
-55
36
-22
-36
-76
—213
-532
-200
468
51
1979
1978
10
56
-49
36
-33
n
Bonds:
15
16
Treasury basis, net!
Adjustments:
Plus additional Canadian redemptions 2
Plus other adjustments
17
Balance of payments basis, net
14
18
19
20
21
9?
24
25
23
27
?9
30
31
32
33
34
35
Bl
-8,774
212
-.
_
_ _
U.S. securities, excluding Treasury issues and transactions by foreign official
agencies, net foreign purchases (+), balance of payments basis (table 1, line
69, or lines 5+12 below)
-4,013
-555
45
-1,712
-1,880
-949
- / , 829 -1,165
-469
-1,050
45
-911
-130
-5,051 -4,013
-555
-1,667
-1,880
-1,165
-469
-1,050
-1,041
-9,979 -6,880 -5,952
- 2 , 777 - 2 , 5 7 7 - 1 , 8 9 6
-7,202 -4,303 -4,056
-1,287
-463
-824
-1,998
-602
-1,396
-2,276 - 1 , 3 1 8 - 1 , 0 9 3 - 2 , 2 7 5
-927
-753
-409
-585
-392
- 1 , 691
-340 -1,866
-943
-433
-510
-1,641
-301
-1,340
-1,490
-321
-1,169
-596
-696
-8,562
Newty issued in the United States
By type: privately placed
Publicly offered
. By area* Western Europe
Canada
Japan
Latin America
Other countries
Internationalfinancialinstitutions3
Redemptions of U S -held foreign bonds2
Canada
Other countries
Internationalfinancialinstitutions3
Other transactions in outstanding bonds2
Western Europe
Canada
Japan..
Other..
-6,096
-1,526 -1,596 -1,712
—5,352 —2,395 —3,479
—255
—338
—98
—527
— 172
—69
-491
-574
-1,093
—1,684 —1 450
-291
-728
— 150
557
181
-118
-500
—439
— 147
-160
-52
-700
-293
-979
-949
-1,329
-512
-249
-325
-659
-630
-1,331
-464
-367
-50
-84
-129
-750
-283
-275
-45
-64
-50
-264
-62
-293
-1,122
-48
-77
-101
216
85
310
86
130
94
263
115
62
86
365
90
65
210
199
80
17
102
265
95
46
124
283
80
-500
285
39
-710
-114
745
305
24
231
185
276
235
-12
205
-152
326
14
-50
287
75
166
-50
-34
-52
302
—41
-124
-74
1,268
706
183
379
1,318
505
278
535
1,092
380
190
522
343
235
153
36
46
149
336
—374
—33
220
511
469
—269
-291
602
847
839
1
12
-5
175
183
-48
-68
108
96
100
-106
-16
118
180
113
-124
-57
248
60
73
9
-150
128
1,284
2,713
2,867
827
690
434
763
453
1,347
528
540
790
2,753
2,675
2,408
562
721
498
894
670
1,297
16
425
684
33
79
52
72
131
Stocks:
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Treasury basis, neti
_
. . . .
Adjustments:
Plus exchanoe of stock associated with U S direct investment abroad
Plus other adjustments *
Balance of payments basis, net
Western Europe,. Canada
Japan
Other
Bonds:
Treasury basis, net*
4
Adjustments
5
859
335
233
68
223
.
.
. . .
._
Balance of payments basis, net
New issues sold abroad by U.S. corporations 5
Investments by internationalfinancialinstitutions3 in nonguaranteed
bonds of U.S. federally sponsored agencies
Other transactions in U.S. bonds
Of which United Kingdom
See footnotes on page 55.
90
-1,804
-1,351
1,206
-744
1,325
1,010
65
33
216
-1,099
1 309
902
74
73
260
4,178
-2,791
-887
-232
-U6
275
-359
330
200
46
18
66
223
—41
9
84
139
122
4
-3
16
534
1,464
967
-38
-1,050
-672
-314
580
465
56
9
50
1,213
-1,031
—329
-332
341
389
-48
2
-2
965
806
-26
45
140
279
780
-168
-898
-42
-396
-26
-199
83
16
74
29
-94
65
10
48
871
515
-316
-262
422
167
58
118
79
-66
-5
433
510
22
368
443
426
316
1,388
658
1,558
816
496
322
414
161
295
125
182
50
111
65
382
230
555
499
10
98
11
719
313
429
-17
191
-5
258
8
162
25
107
12
34
-17
169
61
-5
257
231
-234
159
94
532
297
259
238
-28
63
28
47
97
125
14
SUEVEY OF CURRENT BUSINESS
June 1979
53
Table 7.—Claims and Liabilities Reported by U.S. Nonbanking Concerns
[Millions of dollars]
1977
Line (Credits (+); increase in U.S. liabilities or decrease in U.S. assets.
Debits (—); decrease in U.S. liabilities or increase in U.S. assets.)
1976
1977
1978
1979
1978
I
II
III
I
IV
II
III
IV
Amounts
outstanding
Dec. 31,
1978 3
Claims, total
Long-term (table 1, line 5 2 ) . . .
Short-term (table 1, line 53)
Payable in d o l l a r s . . .
_
B y type;
Deposits of major U.S. corporations
Short-term investments of major U.S. corporations 1
Other
B y area:
United Kingdom
_
_
Other Western Europe
Canada
_
Japan
_.
_
Bahamas
_
Other
Payable in foreign currencies
___
_
B y type;
Deposits
Of which major U.S. corporations
Short-term investments of major U.S. corporations l
Other
B y area;
Western Europe
Canada
Japan
Other
Al
2
3
4
5
6
7
-2,296
-42
-2,254
-2,307
-1,940
-99
-1,841
-1,473
-3,853
-53
-3,800
-3,453
- 7 7 1 -1,124
50
7
- 7 7 8 -1,174
-764 -1,084
-1,795
-147
-365
-1,199 - 2 , 0 8 3
-97
61
-335 -1,273
- 8 7 9 -1,132
4
-86
44
201
-494
-216
-473
76
-806
-394
53
-695
-346
-185
-432
49
-544
-102
-78
-499
-667
-414 -1,013
-368
-347
Memoranda:
U.S. dollar deposits in Canadian Banks:
As reported by major U.S. corporations other than banks (included
in line A4 above)
As reported in Canadian banking statistics
23
24
Bl
2
3
4
5
Liabilities, total
Long-term (table 1, line 70) 2
Short-term (table 1, line 71) 2
Payable in dollars
United Kingdom
Other Western Europe
Japan
Other Asia
Africa
Other
Payable in foreign currencies
Of which Western Europe
See footnotes on page 55.
1,310 - 1 , 3 5 5
201
-357
1,109
-998
1,058
-683
-2,241
-63
-2,178
-1,833
315
78
237
38
- 2 9 -1,898
-129
61
- 9 0 -1,769
314 - 1 , 9 7 2
25,366
5,345
20,021
18,257
600
56
402
212 -1,589
87
-217
-982
-27
163
94
-219
144
-801
117
-91
53 - 1 , 0 8 0
7,787
515
9,955
-255
223
-292
62
35
-796
4
-90
- 1 4 -1,045
-161
-187
-315
-345
211
-126
52
80
43
-222
199
-422
-70
76
-9
670
69
-404
-707
-298
124
-83
-335
-673
203
3,364
2,811
2,713
967
2,625
5,777
1,764
-17
-50
-16
-2
-448
-231
-14
-613
-36
-45
57
-340
-107
-90
539
193
75
-137
303
85
51
115
107
-85
23
-162
-143
-137
-69
-324
-325
39
-62
20
29
-28
-6
-18
-16
-64
-8
36
30
16
-1
-200
-186
-61
-54
-169
-176
-102
-74
109
125
27
63
-130
-139
47
-321
-134
-135
67
270
937
873
429
-43
-46
143
-1
-130
-113
-78
-47
-194
-35
-68
-50
36
40
-55
-35
11
-71
-15
-15
-20
-15
38
48
-157
-67
-46
-45
-47
49
-221
-126
86
-126
158
81
-119
-296
-6
17
-114
338
1
-22
654
547
272
291
-48
-14
-615
-592
36
-57
-26
-387
309
-338
1,243
4,228
315
-63
378
437
61
-16
61
95
9
227
-59
-22
1,004
86
918
913
111
44
56
269
57
376
5
34
-177
-245
68
-89
34
35
24
-201
42
-23
157
155
-342
-226
-24
-578
-1,000
422
318
-202
-128
-80
295
213
220
104
36
473
-520
993
901
-383
428
473
82
-35
336
92
-144
-296
-1,374
-93
1,640
-194
1,834
1,647
333
109
203
75
131
795
187
271
58
-188
-389
-379
-246
-133
-189
-238
128
-19
-93
-10
43
56
-46
-214
-168
-46
4
23
-2
4
-113
11
81
-50
-92
169
—20
315
622
83
539
397
-145
75
415
179
-20
-107
142
9
444
-189
633
689
-24
228
73
109
-16
319
-56
-15
498
28
470
386
127
46
63
-88
23
215
84
104
13,322
3,313
10,009
9,021
1,115
1,849
817
1,474
694
3,072
988
513
Table 8.—Claims on Foreigners Reported by U.S. Banks 1
[Millions of dollars]
1977
Line
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
(Credits (+); decrease in U.S. assets. Debits (—); increase
in U.S. assets.)
Total
Long-term 2 (table 1, line 54)
Short-term 2 (table 1, line 55)
B y area:
3
..
Industrial countries
Of which United K i n g d o m . .
Caribbean banking centers 4
Oil-exporting countries 5
Other _
__
Of which Latin America
Asia
Africa
By type:
Payable in dollars . _
_ _
Banks' claims for own account
_____
_
_
_
_.
32
33
34
1977
On foreign public borrowers 7
On other foreign banks
_
_
_____
Of which deposits
_ __
_
On other foreigners
Banks' claims for domestic customers' accounts
Deposits
__
__
Negotiable and readily transferable instruments
Collections outstanding and other claims
Payable in foreign currencies
Banks'claims for own account
_ _ __ _
Of which deposits
.
_
______
Banks' claims for domestic customers' accounts
Of which deposits
Short-term
_ _
Claims on all other
foreigners (incl. in lines 18+20 above):
Long-term 22
Short-term
U.S. banks' dollar acceptances payable by foreigners
-
See footnotes on page 55.
294-398
0 - 7 9 - 2
1978
II
III
IV
I
-6,270
-311
-5,959
II
120,641
108,993
37,087
22,370
14,717
10,847
37,529
6,345
23,530
11,648
1,143
4,863
5,642
3,096
2,620
1,139
476
150
-4,507
-1,799
-11,518
-1,712
-3,631
-3,095
-366
59
-3,125
-1,942
-5,825
-906
-1,571
-609
-928
-111
-18,011
-4,409
-1,691
-3,437
-9,884
-6,989
-2,708
-110
1,630 -2,649
865 - 1 , 4 4 3
908 - 1 , 2 7 5
-161
197
-497
949
-45
1,024
-455
113
-26
-47
407
-38
-786
-400
-1,000
-912
-204
1
-2,513 -1,938
-1,326
-227
- 4 , 672 - 3 , 255
-542
-519
-1,023
-558
-676
-608
-382
65
-39
-18
20,993 -10,905
31,448
3,977 - 4 , 7 4 1
-1,804
-8,337
25
-413
(8)
-1,211
(8)
-1,575
n.a.
s -793
n.a.
(8)
-1,853
n.a.
n.a.
n.a.
n.a.
n.a.
8 162
31,1979
5,000
1,763 - 5 , 4 8 4 -21,484
5,613
6 1,567 -5,542 -19,505
-5,877
3,795
e 5,063 -1,495
5,584
n.a.
2 637 —4 794
n.a. -4,132 - 1 , 0 8 3 -1,789
e -499 -1,705
-1,994
-800
6-2,002 -1,396
-8,840
2,850
6 -670
671 -1,044
-839
6 -995
-946
-2,794
-232
n.a.
58 -1,979
-613
-80
-473
-171
n.a.
n.a.
-30
-1,037
-101
-341
n.a.
168
-469
836
-4
-496
- 2 7 -1,048
945
n.a.
-367
-575
595
8 - 7 s-136
-316
-334
-109
n.a.
363
79
-84
n.a.
160
23
(8)
-8,750
-16
-8,734
-522
IP
50,121
11,940
27,879
7,965
37,772
24,198
11,247
1,004
3,684 - 4 , 5 8 2 -1,779
-306
-447
18
3,990 - 4 , 6 0 0 -1,332
nn.a.
a.
n a.
n.a.
n a.
n.a.
n.a.
11 a.
n.a.
n.a.
na
n a.
-293
159
8 -37
8306
(8)
(8)
-432
-419
8 16 s - 1 2 3
(8)
-489
(8)
-513
IV
3,611
-1,817 -12,030
-3,488
-486
2,070
-1,791
-2,177
2,672
-829
- 1 , 869
982
-1,051
- 5 , 9 0 4 -1,429
-1,448
-3,642
-597
506 -2,069
-915
-25
-199
87
-33,023
n.a.
n.a.
Ill
123,737
-11,427
-751
-10,676
-375
Amounts
outstanding
March
5,836
n.a.
n.a.
-21,368
-2,362
-19,006
8 _446
1979
1978
I
O n o w n foreign offices
_ _ _
Of U S.-owned b a n k s
Of foreign-owned b a n k s i n t h e U n i t e d States _
Memoranda:
Claims on foreign public borrowers (incl. in line 17 above):
Long-term 22
30
31
1976
715 - 5 , 4 8 8 -21,980
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-2,226
-208
5,532
-220
-2,371
-1,291
-1,210
132
-6,243
320
n.a.
n.a.
n.a.
n.a.
-994
-635
-1,390
-825
-634
-82
5,949
4,610
n.a.
n.a.
n.a.
-528
-2,317
-1,040
-10,305
-267
2,910
10,234
50,748
n.a.
n.a.
n.a.
n.a.
SURVEY OF CURKENT BUSINESS
54
June 1979
Table 9.—Foreign Official Assets in the United States and Other Foreign Assets in the United States Reported by U.S. Banks x
[Millions of dollars]
Line
Al
10
11
12
13
14
15
16
17
18
(Credits (+); increase in foreign assets. Debits (-); decrease
in foreign assets.)
Foreign official assets in the United States, net (table 1, line 57)....
By area: (see text table B)
By type:
U.S. Treasury securities (table 1, line 59)
Bills and certificates
Denominated in U.S. dollars
Denominated in foreign currencies
Bonds and notes, marketable
Bonds and notes, nonmarketable
Denominated in U.S. dollars
Denominated in foreign currencies
Other U.S. Government securities (table 1, line 60)
Other U.S. Government liabilities (table 1, line 61)
U.S. liabilities reported by3 U.S. banks, not included elsewhere (table 1, line 62)
Banks' liabilities for own account, payable in dollars 4
Demand deposits
Time deposits 34
Other
Banks' custody liabilities, payable in dollars4 5
Other foreign official assets (table 1, line 63)
B l Other foreign assets in the United States: U.S. Treasury securities
and U.S. liabilities reported by U.S. banks, not included elsewhere (table 1, lines 68, 72, and 73)
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
By area:
Industrial countries 6
7
Caribbean banking centers
Oil-exporti ng countries 8
Other countries
International financial institutions 8
By type:
Foreign commercial banks
U.S. Treasury bills and certificates
3
U.S. liabilities reported by U.S. banks
_.._
Banks' liabilities for own account 4
Payable in dollars
To own foreign offices "
Of U.S.-owned banks
Of foreign-owned banks in the United States.
To other foreign banks
Demand deposits
Time deposits 3 4
Other.
Payable in foreign currencies
Banks' custody liabilities, payable in dollars 4
Internationalfinancialinstitutions fl
U.S. Treasury securities
Bills and certificates
Bonds and notes, marketable
U.S. liabilities reported by U.S. banks 3
Banks 'liabilities for own account, payable in dollars 4
Demand deposits
Time deposits 3 4
Other
Banks' custody liabilities, payable in dollars 4 5
Other private foreign residents and unallocated
U.S. Treasury securities
B ills and certificates
B o n d s a n d notes, m a r k e t a b l e
B o n d s a n d notes, n o n m a r k e t a b l e 12
U . S . liabilities reported b y U . S . b a n k s 3
B a n k s ' liabilities for own account, payable i n dollars 4
D e m a n d deposits
T i m e deposits 3 4
Other
B a n k s ' custody liabilities, payable i n dollars 4 5
Memorandum:
Negotiable certificates of deposit held for foreigners 4
1977
1976
1977
III
p Preliminary.
*Less t h a n $500,000 ( ± ) .
IV
III
IV
Amounts
outstanding
March 31,
1979
36,656
33,758
5,491
7,720
8,266
15,179
15,618
-5,265
4,641
18,764 - 8 , 4 9 0
167,243
9,319
3,526
3,526
30,230
10,094
10,094
5,305
2,642
2,642
5,153
923
923
6,924
-521
-521
12,848
7,050
7,050
12,904
11,483
11, 483
-5,813
- 3 , 751
- 3 , 751
3,029
-581
-581
20,377
-241
249
-490
2,189
474
577
-103
98
563
4,416
-186
-81
-105
610
223
7,237
208
318
-110
627
376
2,432
6,535
-737 -1,011
-565
-796
-172
-215
973
117
723
78
- 1 , 748
-314
-95
-219
211
-136
2,727
883
1,134
-251
443
122
13,422
12, 637
12,381
256
300
485
1,064
-579
-115
2,045
-8. 871
-7, 998
-7, 742
-256
157
-1,030
-157
-873
-5
19
116,156
59,652
59,652
5,117
676
743
-67
573
4,507
23,542
19, 788
19,532
256
3,711
43
1,307
-1,264
656
2,754
969
n.a.
750
-696
915
2,205
773
n.a.
134
-564
1,203
2,105
5,411
-725
n.a.
-756
-565
752
-163
67
519
428
-565
-26
502
3,156
2,273
78
-229
2,424
883
256
153
-1,307
-524
189
-972
1,460
215
23, 239
10,425
2,864
2,524
5,036
12, 814
8,847
13,773
7,253
19,155 -4,323
4,841
3,891
6,312
1,618
1,161
1,968
2,714
1,183
3,128
989
2,674
-721
10, 793
4,647
1,035
2,588
92
-4,433
-182
259
418
-385
8,070
-216
8,286
5,299
22
5,277
15,483
60
15,423
-4,490
-11
-4,479
1,240
n.a.
-304
293
5,422
1,395
596
909
n.a.
395
47
1,456
467
2,329
371
418
2,844
477
6,905
9,105
10,710
97,530
2,414
2,066
84
181
128
3,074
3,086 - 1 , 8 4 2
456
190
939
1,136
-718
286
-272
606
-43
-161
347
670
206
349
807
636
3,060
4,016
-251
922
-842
7,335
5,015
-181
7,647
980
-105
1,020 - 1 , 0 5 9
-49
-788
48,840
20,266
4,891
16, 568
6,965
3,768
-8
3,776
3,876
25
3,851
-242
20
-262
1,460
40
1,420
-3,397
-3,673
7,485
7
7,478
7,254
6, 951
7,199
4,956
2,243
-248
-451
14
189
303
224
6,780
8,750
-7
125
6,787
8,625
6, 725
8,671
6,264
8,960
4,117 11,159
-207
5, 795
4,324
5,364
2,147 - 2 , 1 9 9
1,528 - 1 , 890
220
-227
399
-82
461
-289
62
-46
67,830
425
67,405
62, 925
60.995
47,845
19,385
28,460
13,150
9,349
1,262
2,539
1,930
4,480
166
250
n.a.
2,145
16
2,129
n.a.
-724
-149
0
0
io - 5 4 3
io - 5 7
io - 1 2 0
io - 3 6 6
472
10 287
2,714
2,850
147
2,703
-136
n.a.
151
-90
-197
-721
-283
-1,996
1,713
-438
n.a.
-59
52
92
-129
-504
375
221
n.a.
100
131
-385
826
41
785
-1,211
n.a.
-87
35
96
-1,584
-222
-1,362
1,680
n.a.
25
-73
-431
-10
-1,159
2,989
149
-127
276
2,675
795
42
753
552
166
50
116
2,840
n.a.
768
1,822
250
1,880
n.a.
288
1,183
409
3,580
2,249
43
611
1,595
1,331
n.a.
150
562
619
n.a. N o t available.
n.a.
-147
491
42
36, 033
20,471
20,468
27
6,319
12,682
-164
963
n.a.
1,005
-355
697
585
86
( -277
105 \ - 4 2
84
637
n.a.
o -3,130
n.a.
n.a.
Table 1:
1. Credits, -f: exports of goods a n d services; unilateral transfers t o U n i t e d States; capital
inflows (increase i n foreign assets (U.S. liabilities) or decrease in U . S . assets); decrease i n U . S .
official reserve assets.
D e b t s , —: i m p o r t s of goods a n d services; unilateral transfers t o foreigners; capital outflows
(decrease in foreign assets (U.S. liabilities) or increase i n U.S. assets); increase in U.S. official
reserve assets.
2. Excludes transfers of goods and services u n d e r U . S . military grant programs (see line 16).
3. Excludes exports of goods u n d e r U . S . M i l i t a r y agency sales contracts identified in Census
export documents, excludes i m p o r t s of goods u n d e r direct defense expenditures identified in
Census i m p o r t d o c u m e n t s , a n d reflects various other adjustments (for valuation, coverage,
and timing) of Census statistics t o balance of p a y m e n t s basis; see table 3.
4. For all areas, a m o u n t s outstanding M a r c h 31, 1979, were as follows in millions of dollars:
line 38, 21,658; line 39,11,479; line 40,2,667; line 41,1,121; line 42,6,391.
5. Includes sales of foreign obligations t o foreigners.
6. Consists of bills, certificates, m a r k e t a b l e bonds and notes, and nonmarketable convertible and nonconvertible b o n d s and notes.
1979
17,573
Footnotes to U . S . International T r a n s a c t i o n s Tables l-10a
General notes for all tables:
197S
1978
-718
758
-645
1,403
-1,476
286
-283
-1,170
887
569
347
621
612
9
-274
17
61
491
14
17
1,728
-14
29
-1,491
977
193
-81
274
733
468
237
231
784
n.a.
-79
390
473
265
n.a.
81
420
n.a.
-236
-305
636
542
-396
938
94
n.a.
21
138
-65
-842
-1,193
114
-1,307
351
288
-121
-19
428
63
-49
-99
-834
735
50
154
186
-5
-27
-104
-788
-514
10
-524
-274
-159
-53
4
-110
-115
6,965
4,809
211
4,598
2,156
772
276
99
397
1,384
413
-32
-164
132
372
240
51
189
572
221
20
201
262
133
-2
135
445
n.a.
132
n.a.
-303
277
351
360
186
-195
129
-287
-110
-58
-119
416
2,374
1,655
-26
86
1,595
719
401
203
157
41
318
2,748
2,975
17
403
2,555
-227
16
-36
125
-73
-243
22,735
7,192
299
2,743
2 4,156
15,543
13, 044
4,207
8,504
333
2,499
10 97
412
306
11, 231
n.a.
-118
130
n.a.
158
n.a.
7. Consists of U.S. Treasury a n d Export-Import B a n k obligations, not included elsewhere,
and of debt securities of U.S. G o v e r n m e n t corporation and agencies.
8. Includes, primarily, U.S. Government liabilities associated w i t h military sales contracts
a n d other transactions arranged w i t h or through foreign official agencies; see table 4.
9. Consists of investment i n U . S . corporate stocks and in d e b t securities of private corporations and State and local governments.
10. Beginning with estimates for t h e second quarter of 1978, t h e distinction between shortand long-term liabilities is discontinued.
11. Conceptually, t h e s u m of lines 79 and 74 (total, all areas) is e^ual t o " n e t foreign investm e n t " in the national income and product accounts ( N I P A ' s ) of t h e U n i t e d States. However,
the foreign transactions account in t h e N I P A makes adjustments to t h e international accounts
for t h e t r e a t m e n t of gold, excludes reinvested earnings of incorporated foreign affiliates of
U . S . direct investors and of incorporated U . S . affiliates of foreign direct investors and, b e ginning w i t h 1973-IV excludes shipments a n d financing of extraordinary m i l i t a r y orders
placed b y Israel. Line 77 (total, all areas) differs from " n e t exports of goods a n d services" in
t h e N I P A d u e t o t h e difference in gold t r e a t m e n t , t h e omission i n t h e N I P A of net reinvested earnings, shipments of extraordinary military orders placed b y Israel, a n d U . S .
Government interest p a y m e n t s to foreigners. T h e latter p a y m e n t s are classified in a separate
category in the foreign transactions account in t h e N I P A ' s . A reconciliation table of the international accounts and t h e N I P A ' s foreign transactions accounts will appear in table 4.3 in
t h e p r e s e n t a t i o n of t h e N I P A ' s i n t h e J u l y 1979 S U R V E Y OF C U R R E N T B U S I N E S S .
June 1979
SUEVEY OF CURRENT BUSINESS
12. Includes return import into the United States, at a depreciated value of $21 million in
1972-1V and $22 million in 1973-11, of aircraft originally reported in 1970-III in line 3 as a
long-term lease to Australia.
13. Includes extraordinary U.S. Government transactions with India. See "Special U.S.
Government Transactions," June 1974 SURVEY, p. 27.
14. Due to the introduction of new reporting forms for bank-related transactions, the maturity breakdown for bank claims is not available at this time.
15. Includes foreign currency denominated notes sold to private residents abroad. See
table 9, line 35, footnote 12.
55
Table 6:
1. As published in Treasury Bulletin, Treasury data are based on transactions by foreigners
reported by banks and brokers in the United States; net purchases by foreigners (+) correspond to net U.S. sales (+)•
2. Redemptions consists of scheduled retirements and identifiable premature retirements of
U.S.-held foreign debt securities, and estimates for redemptions of Canadian issues held by
U.S. residents based on Canadian statistics. Unidentifiable nonscheduled retirements appear
in line 31.
3. Consists of International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Asian
Table 2:
Development Bank (ADB), and Inter-American Development Bank (IDB).
For footnotes 1-15, see table 1.
4. Mainly reflects exclusion of investments by foreign official agencies in U.S. corporate
16. Seasonally adjusted data for line 59 are not available separately; they are combined
stocks and in debt securities of U.S. Government corporations and agencies, private corporawith data in line 62 through 1972.
tions, and State and local governments. These investments are included in table 1, lines
60 and 63.
Table 3:
5. Securities newly issued byfinancesubsidiaries incorporated in the Netherlands Antilles
1. Exports, Census basis, represent transaction values, f.a.s. U.S. port of exportation, for
are included to the extent that the proceeds are transferred to U.S. parent companies.
all years; imports, Census basis, represent transaction values, f.a.s. foreign port of exportation
beginning in 1974. For all prior years, imports reflect Customs (appraisal) values, f.o.b.
Table 7:
foreign country of exportation, and may differ from the actual f.a.s. transaction value at the
1. Consists of negotiable and other readily transferable foreign obligations payable on
foreign port of exportation. Thefiguresfor exports and imports shown in lines Al, All, Dl, demand
or having a contractual maturity of not more than one year, including loans payable
and D50, are as published by the Census Bureau.
on demand. Excludes other types of loans, acceptances and accounts receivable.
2. Beginning in 1970, adjustments in lines A6, A14, B8, B24, and B40 reflect the Census
2. Includes funds obtained by finance and subsidiaries incorporated in the Netherlands
Bureau's reconciliation of discrepancies in the merchandise trade statistics published by the Antilles from sources other than sales of newly issued securities to the extent that they are
United States and the counterpart statistics published by Canada.
transferred to U.S. parent companies.
3. Exports of military equipment under U.S. military agency sales contracts with foreign
3. Due to delays associated with the implementation of new Treasury reporting forms,
governments ('ine A7), and direct imports by the Department of Defense and the Coast
claims and liabilities reported by nonbanking concerns were not available at this time.
Guard (line A15), to the extent such trade is identifiable from Customs declarations. These
Amounts outstanding are provided on the previous reporting basis for the last period
exports are included in tables 1, 2, and 10, line 3 (transfers under U.S. military agency sales
contracts); and the imports are included in tables 1, 2, and 10, line 19 (direct defense expendi- available.
tures).
Table 8:
4. Addition of electrical energy; deduction of exposed motion picture film for rental rather
1. Because of changes in U.S. Treasury reporting forms, there is discontinuity in the data
than sale; deduction of exports to the Panama Canal Zone; net change in stock of U.S.-owned series
for components of claims on foreigners reported by U.S. banks beginning with amounts
grains in storage in Canada; net timing adjustments for goods recorded in Census data in one outstanding
at the end of April 1978. Only partial data are available for the second quarter
period but found to have been shipped in another; and coverage adjustments for special
on
the
new basis; data on the old basis are available in the June and September 1978 SURVEY .
situations in which shipments were omitted from Census data.
2.
Beginning
with estimates for the second quarter of 1978, long-term claims are defined as
5. Correction for discrepancy between sum of four quarters, seasonally adjusted, and the claims haying more
than one year remaining to contractual maturity.
unadjusted annual totals.
3.
Consists
of
Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
6. Addition of electrical energy; deduction of foreign charges for repair of U.S. vessels abroad,
4.
Mainly
in
the
Bahamas
and Cayman Islands.
which are included in tables 1, 2, and 10, line 22 (other transportation); deduction of imports
5. Based on data for Ecuador, Venezuela, Indonesia and other Asian and African oilfrom Panama Canal Zone; net timing adjustments for goods recorded in Census data in one exporting
countries.
period but found to have been shipped in another; and coverage adjustments for special
6. Based on data for May and June.
situations in which shipments were omitted from Census data.
7. Includes central governments (central banks, departments, and agencies), state, pro7. Annual and unadjusted quarterly data shown in this table correspond to country and
vincial
and local governments, and international and regional organizations.
area data in table 10, lines 2 and 18, except that imports from international organizations,
Prior to third quarter 1978, banks' deposits for own account are commingled with those
namely, purchases of nonmonetary gold from the IMF, are included in data for other countries for8.domestic
customers' accounts.
in Asia and Africa. The memorandum items are defined as follows: Developed countries;
Western Europe, Canada, Japan, and Australia, New Zealand, and South Africa; OPEC:
Table 9:
Venezuela, Ecuador, Iraq, Iran, Kuwait, Saudi Arabia, Qatar, United Arab Emirates, Indo1. Because of changes in U.S. Treasury reporting forms, there is discontinuity in the data
nesia, Algeria, Libya, Nigeria, Gabon: Other developing countries; Latin American Republics,series
for some components of liabilities reported by U.S. banks beginning with amounts
Other Western Hemisphere, and Other countries in Asia and Africa, less OPEC and the
outstanding at the end of April 1978. Data on the old basis are available in the June and SepIMF. Prior to 1973, "Western Europe excluding EC(9)" includes Denmark and Ireland.
tember
1978 SURVEY.
8. BE A has suspended seasonal adjustment of petroleum import data pending completion
2. Valuations at time of issue were $3 million and $4,150 million for lines 9 and 35, respecof a review of seasonal adjustment procedures.
tively.
9. The statistical identification of automotive products exports to Canada (line D36) is
3. The distinction between long- and short-term liabilities is discontinued beginning with
not as complete and comprehensive as the identification of imports under the U.S.-Canada
the second quarter of 1978; for prior quarters, all long-term liabilities are combined with shortAutomotive Products Trade Act. However, the underestimation of automotive shipments to
term
time deposits.
Canada due to unidentified auto parts and unreported exports, amounting to about $1,760
4. Negotiable certificates of deposit issued to foreigners by U.S. banks are included with
million in 1977 and $1,600 million in 1978, has been largely corrected in line C18.
U.S.
banks'
custody liabilities, and are shown in the memorandum.
10. Includes nuclear fuel materials and fuels.
11. Prior to 1973, line D48 includes reexports, and line D57 includes imports of natural gas
5. Mainly negotiable and readily transferable instruments; excludes U.S. Treasury
in transit through the United States from Western to Eastern Canada.
securities.
12. Includes downward revisions in the valuation of automotive imports from Canada in
6. Consists of Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
1970 which have not yet been incorporated in the Census Bureau's published import statistics
7. Mainly in the Bahamas and Cayman Islands.
as shown in line D50. This revision is valued at $31 million.
8. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oilexporting
countries.
NOTE.—The "seasonal adjustment discrepancy" lines (B13, B29, B45, C22, C37, D49, and
9.
Mainly the International Bank for Reconstruction and Development (IBRD), InterD95) show the difference between total exports and imports and the sum of major items
national
Development
Association (IDA), International Finance Corporation (IFC), Asian
independently adjusted.
Development Bank (ADB), Inter-American Development Bank (IDB), and the Trust
Fund
of
the
International
Monetary Fund.
Table 4:
10. Based on data for May and June.
1. Expenditures to release Israel from its contractual liability to pay for defense articles
11. Beginning in the second quarter 1978, coverage is expanded from Western Europe,
and services purchased through military sales contracts—authorized under Public Law
Canada, Japan, Bahamas, and Cayman Islands to all countries.
93-199 and subsequent similar legislation—are included in line A3. Deliveries against these
12. Consists of U.S. Treasury notes denominated in foreign currencies, sold through foreign
military sales contracts are included inline C10; see footnote 2. Of the line A3 .terns, part of the central
banks to domestic residents in country of issue; notes are subject to restricted transfermilitary expenditures is applied in lines A38 and A41 to reduce short term assets previously
recorded in lines A36 and C8; this application of funds is excluded from lines C3 and C4. A ability.
second part of line A3 expendituresfinancesfuture deliveries under military sales contiact Table 10:
For footnotes 1-9, see table 1.
and is applied directly to lines A37 and C9. A third portion of line A3, disbursed directly to
10. See footnote 11 to table 1.
finance purchases by Israel and other countries from commercial suppliers, is included in
11. The "European Communities (9)" includes the "European Communities (6)", the
line A32.
2. Transactions under military sales contracts are those in which the Department of Defense United Kingdom, Denmark and Ireland.
12. The "European Communities (6)" includes Belgium, France, Germany, Italy, Luxemsells and transfers military goods and services t o a foreign purchaser, on a cash or credit basis.
the Netherlands, the European Atomic Energy Community, the European Coal and
Purchases by foreigners directly from commercial suppliers are not included as transactions bourg,
Steel
Community, and the European Investment Bank.
under military sales contracts. The entries for the several categories of transactions related to
13. Includes transactions with U.S. affiliated shipping companies operating under the
military sales contracts in this and other tables are partially estimated from incomplete data
flags of Honduras, Liberia, and Panama, and U.S. affiliated multinational trading companies,
3. The identification of transactions involving direct dollar outflows from the United
finance, and insurance companies, not designated by country.
States is made in reports by each operating agency.
14. Details not shown separately; see totals in lines 57 and 64.
4. Line A33 includes foreign currency collected as interest and lines A38 and B2 include
foreign currency collected as principal, as recorded in lines A13 and A14, respectively.
15. Details not shown separately are included in combined lines 72 and 73.
5. Includes (a) advance payments of the Department of Defense (on military sales con16. See footnote 14 to table 1.
tracts) financed by loans extended to foreigners by U.S. Government agencies and (b) the
counter value of the part of line C10 which was delivered without prepayment by the foreign
purchaser. Also includes expenditures of appropriations available to release foreign purchasers Table 10a:
from liability to make repayment.
D Suppressed to avoid disclosure of data of individual countries.
6. Excludes liabilities associated with military sales contracts financed by U.S. GovernFor footnotes 1-9, see table 1.
ment grants and credits and included in line C2.
10. See footnote 11 to table 1.
Table 5:
11. Details not shown separately are included in combined lines 72 and 73.
1. Acquisition of capital stock of existing and newly established companies, capitalization
of intercompany accounts, and other equity, contributions.
exports may be transhipped to third countries (especially true for the Netherlands ana
2. Sales and liquidations of capital stock and other equity holdings, total and partial.
3. Petroleum includes the exploration, development and production of crude oil and gas Germany). The geographic breakdown of security transactions reflects country with which
and the transportation, refining and marketing of petroleum products exclusive of petro- transaction occurred but may not necessarily reflect the ultimate sources of foreign funds or
chemicals. Manufacturing excludes petroleum refining and the smelting operations of mining ultimate destination of U.S. funds. Data for individual countries within EC (6) may not add
companies. "Other" industries includes industries other than petroleum and manufacturing, to the published totals for EC(6) since in several instances the transactions are regional and
the major ones being agriculture, mining and smelting, public utilities, transportation, trade, in other instances estimates for the group are not available for each country. In addition,
insurance,financeand services.
country data may not add to EC (6) totals because of rounding.
SUEVEY OF CUKRENT BUSINESS
56
June 1979
Table 10.—U.S. International
[Millions
Western Europe
(Credits + ; debits - ) i
Line
1976
Exports of goods and services 2
Merchandise, adjusted, excluding mili cary 3
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
...O ther transportation
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
U. S. Government miscellaneous services
Receipts of income on U.S. assets abroad:
Direct investment..
Interest, dividends, and earnings of unincorporated affiliatesReinvested earnings of incorporated affiliates
Other private receipts
U.S. Government receipts
1977
51,974
34,094
1,231
1,003
486
2,434
1,861
382
711
156
63,264
39,364
1,139
1,363
617
2,661
2,431
432
820
190
36,267
24,917
582
646
342
1,398
1,473
287
460
111
6,169
3,085
3,083
1,525
305
7,302
4,457
2,845
1,922
392
10,647
4,647
6,000
3,173
427
4,755
2,360
2,396
1,176
121
39,738
618
771
380
1,579
1,617
314
519
90
5,720
2,035
1,484
151
49,860
31,583
531
1,046
484
1,764
2,179
360
602
114
8,589
3,611
4,979
2,459
148
11
49
-2
-1
-9
-61,788
- 3 6 , 617
- 3 , 748
-2,600
-2,230
- 2 , 778
-311
-170
-877
-355
-30,893
- 1 7 , 739
-2,282
-1,364
-1,394
-1,422
-34
-146
-656
-171
-36,860
-22,119
- 2 , 654
-1,492
-1,517
-1,745
-57
-138
-723
-159
-48,432
-2,102
—
-1,156
-3,170
-2,289
-1,906
-870
-1,036
-3,360
-2,846
-2,848
-1,166
-1,682
-4,550
-4,704
-1,838
-756
-1,082
-1,987
-1,860
- 1 , 687
-711
-976
-2,149
-2,421
-2,604
-917
-1,687
-3,004
-3,876
-11
-49
Unilateral transfers (excluding military grants of goods and services), net
-289
-296
-121
67
120
324
U.S. Government grants (excluding military grants of goods and services).
U.S. Government pensions and other transfers
_
Private remittances and other transfers
U.S. assets abroad, net (increase/capital outflow (—))
-88
-426
225
-117
-453
275
-149
-480
-1
-294
361
-1
-312
-9
-332
—
-946
--
43
44
45
46
U.S. Government assets, other than official reserve assets, net
U.S. loans and other long-term
assets
Repayments on U.S. loans 5_._
U.S. foreign currency holdings and U.S. short-term assets, net
47
48
49
50
51
U.S. private assets, net
Direct investment.
_
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term
_
_
Short-term
57
58
59
60
61
62
63
64
65
66
67
1978
-47,599
-28,226
-3,047
-2,103
- 2 , 082
-2,564
-155
-154
-876
-279
39
40
41
42
56
1977
8
U.S. official reserve assets, net 4
Gold
Special drawing rights
_
_
Reserve position in the International Monetary Fund.
Foreign currencies
54
55
1976
-40,569
-23, 003
- 2 , 657
-1,885
-1,913
-2,161
-165
-160
-760
-305
U.S. military grants of goods and services, net
52
53
1978
47,504
31,883
1,106
852
441
2,350
1,702
350
650
173
Transfers of goods and services under U.S. military grant programs, net.
Imports of goods and services
Merchandise, adjusted, excluding military 3
Direct defense expenditures
Travel
Passenger fares.
Other transportation
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services
U.S. Government payments for miscellaneous services
Payments of income on foreign assets in the United States:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private payments
U.S. Government payments
37
European Communities (9)
-11,482
-11,719
32
-142
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed).
Memoranda:
Balance on merchandise trade (lines 2 and 18)..
Balance on goods and services (lines 1 and 17)"
Balance on goods, services, and remittances 10(lines 77, 35,"and 36) Balance on current account (line 77 and 33)
See footnotes on page 55.
-3,275
-1,820
-1,641
- 1 , 907
-190
-154
-705
-196
1
433
-9,121
-24,830
-5
-9,365
664
-19,600
-2,767
7
-3,046
-2,767
32
-142
-3,046
-5
-241
-800
508
52
-201
-808
637
-30
-683
-1,374
746
-55
179
-126
254
52
218
-67
327
-42
250
-9
312
-53
-11,274
-5.492
-2,408
-3,083
-1,440
-11,376
-5,765
-2,920
-2,845
-1,560
-21,101
-8,444
-2,445
-6,000
-476
-9,295
-4,162
-1,766
-2,396
-1,647
-9,590
-4,709
-2,674
-2,035
-1,205
-17,083
-7,163
-2,185
-4,979
41
85
-755
5
-552
-218
-1,275
97
-746
20
-566
-177
-1,295
-480
-3,192
-282
-3,222
ie-10, 688
-299
-2,538
-363
-2,767
« -8,489;
30,602
37,294
7,388
26,380
26,144
24,442
23,235
Foreign assets in the United States, net (increase/capital inflow (+))
Foreign official assets in the United States, net
U.S. Government securities6
_
U.S. Treasury
securities
Other 7
Other U.S. Government liabilities 9
U.S. liabilities reported by 9U.S. banks, not included elsewhere
Other foreign official assets
Other foreign assets in the United States, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
_
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. liabilities reported by U.S. banks, not included elsewhere:
Long-term
_
Short-term
508
- 2 9 , 060
264
(14)
82
(14)
7,661
2,815
1,659
1,156
(14)
-840
6,160
2,858
1,822
1,036
(14)
(14)
14,059
4,144
2,463
1,682
2,599
1,517
1,082
(15)
(14)
'976
3,846'
215?
(15)
2,244
-580
-313
1,557
-455
-316
15 5,079
is 23,103
is 18,922
1,702
580
-478
-97
-79
657
(14)
2,408
(15)
1,894
(14)
(15)
(15)
(15)
400.
83
23
219
(14)
(15)
(15)
(15)
(14)
(14)
741
-3,088
-22,962
-13,819
-3,707
-20,014
-8,295
6,935
6,733
6,646
4,374
4,196
4,078
2,747
1,476
1,504
1,355
7,178
5,374
5,441
5,440
4,374
2,878
3,000
2,998
2,523
1,428
1,760
1,752
SUEVEY OF CUKKENT BUSINESS
June 1979
57
Transactions, by Area
of dollars]
European Communities (6) 12
United Kingdom
Eastern Europe
Canada
Line
1977
1976
1976
1978
1978
1977
1976
8,363
5,101
180
183
127
420
470
72
152
43
10,536
6,035
133
205
142
506
504
82
174
27
13,306
7,252
187
317
186
558
690
93
219
39
26,659
19,090
382
433
199
886
960
210
288
60
27,628
19,533
471
531
219
930
1,059
226
325
54
34,651
23,205
329
686
277
1,022
1,416
261
360
64
842
551
290
725
48
1,783
848
935
850
93
2,299
1,050
1,249
1,378
88
3,647
1,744
1,903
439
66
3,609
2,748
862
618
52
5,922
2,541
3,381
1,054
55
(*)
(*)
(*)
-2
-1
-9
-8,336
-4,160
-294
-494
-510
-526
-8
-77
-433
-30
-9,817
-5,135
-355
-585
-556
-635
-19
-72
-439
-25
-12,644
-6,476
-421
-771
-636
-695
-75
-84
-410
-25
-21,331
-12,823
-1,932
-749
-794
-758
-25
-67
-216
-135
-25,638
-16,163
-2,239
-759
-861
-920
-37
-63
-273
-128
-34,099
-21,576
-2,795
-869
-899
-1,012
-111
-67
-280
-164
-732
-401
-331
-993
-80
-505
-239
-266
-1,091
-402
-722
-280
-442
-1,588
-742
—1,098
-352
-746
-983
-1,752
-1,178
-471
-707
-1,048
-1,970
-1,874
-635
-1,240
-1,398
-3,055
(*)
(*)
-27
1978
1976
1977
4,492
4,123
3,297
2,895
4,509
4,082
35,990
26,336
77
1,983
38,180
28,533
73
2,150
41,836
31,058
71
2,248
126
102
126
19
72
7
50
65
7
33
67
10
488
631
45
514
13
527
673
42
497
11
529
727
61
543
17
1
2
3
4
5
6
7
8
9
10
3,837
1,385
2,451
2,050
17
3,161
1,455
1,707
2,497
18
3,435
1,554
1,881
3,130
17
11
12
13
14
15
-30,049
-26,475
-172
-1,371
-33,136
-29,644
-212
-1,433
-37,462
-33,804
-171
-1,407
-388
—137
-9
-370
-23
-452
-118
-8
-343
-28
-462
-127
-10
-353
-30
-479
-232
-247
-402
-224
-314
-68
-247
-421
-163
—352
-157
-195
-607
-140
99
47
117
59
117
75
-1,046
-875
-2
-74
-12
-50
-1,327
-1,127
-2
-61
-12
-54
-1,756
-1,509
-3
-94
-17
-60
-26
-1
-27
-32
-4
-31
-24
16
(*)
-7
(*)
-10
(*)
-15
(*)
1
9
247
-73
-62
-65
-127
-103
-133
33
—1
-241
440
-9
-255
510
—5
-22
-47
—1
-19
-42
-20
-44
-118
-9
-128
26
-148
15
34
35
36
-367
-11
-484
-8,447
-4,577
-8,800
-51
167
-3,581
-4,612
-7,896
-5,157
-4,334
-11,156
-5
7
-2,767
32
—5
7
—2 767
142
-12
63
-44
138
-32
98
-5
148
-44
-151
-377
198
27
-202
-347
106
40
-419
-617
174
24
-11
-29
16
2
-4,765
-2,269
-1,334
-935
-152
- 8 , 025
-2,815
-1,567
-1,249
82
-5,277
-2,666
-764
-1,903
- 1 , 453
-4,404
- 2 , 111
-1,249
-862
-992
-8,487
-3,861
-480
-3,381
-34
-216
191
-65
3
-8,437
-2,471
-20
—2,451
- 5 , 032
58
-529
-39
-364
-187
-696
38
-199
60
-201
9
-605
-7
-20
1
30
-240
-1,559
-52
-1,890
ifl - 4 , 4 0 9 f
(
-54
-943
i « - 3 , 9 9 6 )}
-144
3,876
14,785
153
-16
129
168
-3,620
-1,157
-867
-290
-193
735
3,234
-327
J
-833
11,135
9
-12
20
(*)
(*)
43
44
45
46
-4,595
-1,458
249
-1,707
-2,359
-8,809
-1,333
549
-1,881
-3,237
47
48
49
50
51
-100
-518
-238
-63
-49
-578
52
53
18 - 9 9 \(
-83
-232
203 J
-680
171
2,047
-460
2,859
317
-1,059
127
-1
15
51
124
J
2
-45
57
24,390
108
f
(15)
-7
-14
(15)
733
402
331
(15)
(15)
61
(15)
596
330
266
(15)
(15)
42
(15)
(15)
(15)
(15)
(15)
(15)
264
58
(15)
(15)
(15)
1,880
1,134
746
(15)
1,785
1,078
707
1
(15)
(15)
(15)
1,222
1,760
142
338
479
-334
-244
-219
-486
11
416
-249
-67
-229
163
-16
322
"3,293
1513,679
15-2,557
151,487
15 9,020
15 20,536
14
14
599
294
47
247
2,732
513
318
195
-4
-8
68
15
-1
84
1568
15 28
15 87
57
58
59
296
155
178
-68
90
-26
103
-2
154
70
71
1,730
(14)
-3
56
|
\
(14)
(14)
(15)
(15)
i« - 3 , 6 1 2 (X 554
5
61
( 62
X 63
64
65
66
67
68
69
45
2,806
1,566
1,240
442
19
-8
27
(14)
1
1,044
602
442
(15)
(15)
37
38
39
40
41
42
125
-37
135
26
39
-80
99
21
(15)
30
31
198
-46
7
(15)
27
28
29
2
-45
18
(15)
17
18
19
20
21
22
23
24
25
26
128
—1
-226
355
|
1978
116
(*)
-39
1977
560
313
247
(14)
(14)
(14)
(
X
72
73
74
-294
-10,852
6,383
-3,533
-8,988
-14,034
-3,062
-2,004
-2,376
587
95
1,701
75
941
27
-1
-1
900
719
680
680
776
662
778
778
6,267
5,328
5,457
5,456
3,370
1,990
2,189
2,188
1,629
552
808
799
3,248
3,445
3,377
3,373
1,768
1,969
1,908
1,907
2,573
2,753
2,689
2,689
-139
5,941
5,814
5,814
-1,111
5,044
4,941
4,941
-2,746
4,374
4,241
4,241
76
77
78
79
SUEVEY OF CURRENT BUSINESS
58
June 1979
Table 10.—U.S. International
[Millions of
(Credits + ; debits - )
Line
]
Latin American and Other Western
Hemisphere
1976
Exports of goods and services 2 ...
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts
Travel
..
Passenger fares
•
Other transportation
_
Fees and royalties from affiiliat ed foreigners
Fees and royalties from unafflliated foreigners..
Other private services
U.S. Government miscellaneous services
Receipts of income of U.S. assets abroad:
Direct investment
Interest, dividends, and earnings of unincorporated affilia
Reinvested earnings of incorporated affiliates.
Other private receipts
U.S. Government receipts
1977
U.S. military grants of good sand services, net
Unilateral transfers (excluding military grants of goods and services), net
U.S. Government grants (excluding military grants of goods and services).
U.S. Government pensions and other transfers.
Private remittances and other transfers
U.S. assets abroad, net (increase/capital outflow ( - ) )
4
U.S. official reserve assets, n e t
Gold
Special drawing rights
Reserve position in the International Monetary F u n d .
Foreign currencies
U.S. Government assets, other than official reserve assets, net —
U.S. loans and other long-term
assets
Repayments on U.S. loans 5
U.S. foreign currency holdings and U.S. short-term assets, n e t .
U.S. private assets, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term
—
Short-term
Foreign assets in the United States, net (increase/capital inflow (+)) _
Foreign official assets in the United States, net
U.S. Government securities_
U.S. Treasury securities 6
Other ?__".
Other U.S. Government liabilities 8
U.S. liabilities reported by 9U.S. banks, not included elsewhere
Other foreign official assets
Other foreign assets in the United States, net_
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
,
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. liabilities reported by U.S. banks, not included elsewhere:
Long-term
Short-term
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)
Memoranda:
Balance on merchandise trade (lines 2 and 18)10
Balance on goods and services (lines 1 and 17)
Balance on goods, services, and remittances (lines
77, 35, and 36)
Balance on current account (lines 77 and 33)10
See footnotes on page 55.
1978
1976
27,912
16,871
128
2,012
191
781
298
63
756
74
30,434
17,921
148
2,047
240
819
337
71
738
72
38,179
22,031
60
2,466
313
904
361
3,479
2,157
1,323
2,983
277
3,988
2,406
1,582
3,756
298
1977
1978
78
13,572
10,196
41
439
285
723
260
246
106
23
14,327
10,566
40
450
300
885
302
275
99
31
18,259
12,960
59
542
289
1,046
453
343
116
55
4,866
2,769
2,097
5,869
313
417
200
217
797
39
572
358
214
763
44
1,151
499
652
1,204
43
16
14
16
-23,205
-17,208
-160
- 2 , 739
-216
-590
-26
-6
-659
-262
-27,751
-21,165
-174
- 2 , 962
-223
-664
-3
-11
-713
-31,341
-23,044
-234
-3,317
-224
-765
-19
-14
-838
-340
-18,934
-15,531
-794
-145
-120
-1,159
34
-13
-69
-28
-22,362
-18,565
-822
-149
-122
-1,366
34
-16
-70
-46
-29,725
-24,542
-950
-155
-118
-1,497
66
-15
-72
-43
-387
-178
-209
-898
-54
-360
-214
-146
-1,105
-87
-403
-133
-271
-2,041
-103
-94
-51
-43
-324
-692
-207
-44
-163
-236
-797
-256
-82
-174
-422
-1,720
Transfers of goods and services under U.S. military grant programs, net..
Imports of goods and services
Merchandise, adjusted, excluding military 3_.
Direct defense expenditures
Travel
_
Passenger fares.
Other transportation.
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners. _
Private payments for other services...
U.S. Government payments for miscellaneous services
Payments of income on foreign assets in the United States:
Direct investment
_
Interest, dividends, and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates.
Other private payments
U.S. Government payments
Japan
-3
(*)
(*)
-16
-14
-16
-756
-294
-112
-351
-749
-267
-129
-354
-822
-255
-145
-422
-43
6
-20
-28
-43
-73
-35
-21
-52
-19,146
-12,100
-16,285
-831
541
-5,995
-300
300
(*)
(*)
-1,637
-300
300
-514
-1,084
557
14
-542
-1,120
567
11
-439
-1,045
614
-57
-204
141
7
46
-57
105
-2
-27
-100
54
19
-18,332
-1,762
-439
-1,323
-230
-11,858
-4,003
-2,422
-1,582
-152
-15,846
-4,207
-2,110
-2,097
181
-774
-454
-237
-217
-246
496
-344
-130
-214
-308
- 4 , 330
-717
-65
-652
326
116
-1,327
111
-775
169
-1,541
12
-156
-1,391
-13,738
-918
-6,120
is io, 449
13
220
-86
-221
65
1,227
4,106
6,358
5,176
(15)
5,366
(15)
33
(15)
9,540
12
62
-84
146
321
112
209
(15)
13,749
(15)
(15)
(15)
927
753
174
587
424
163
587
544
43
495
225
271
(15)
(15)
(15)
(15)
"-3,769
133
25
(15)
-171
}
(15)
(15)
(15)
(15)
(15)
(15)
-1,637
201
280
351
50
273
202
-7
130
-6
140
-57
321
1
-92
501
-44
203
is 4,497
is 4,878
15 8,404
is 3,465
15 4,956
15 11,371
~i6,~6i9
"4,799
730
2,129
"1,180
'""3,784
-337
4,707
4,245
3,951
-3,244
2,684
2,201
1,935
-1,013
6,838
6,271
6,016
-5,335
- 5 , 362
-5,411
-5,405
-7,999
-8,036
-8,079
-8,079
-11,582
-11,466
-11,538
-11,538
SURVEY OF CURRENT BUSINESS
June 1979
59
Transactions, by Area—Continued
dollars]
Australia, New Zealand, and South Africa
International organizations and unallocated 13
Other countries in Asia and Africa
Line
1978
1977
1976
1976
1977
1976
1978
1977
1978
6,084
3,920
16
159
126
182
200
43
189
2
5,786
3,777
48
170
126
169
210
41
119
3
6,874
4,210
207
208
126
193
243
46
138
3
34,307
21,416
4,203
297
187
1,391
388
57
972
146
38,401
23,030
5,899
330
213
1,343
367
59
1,159
141
45,216
28,179
6,198
457
237
1,464
520
61
1,323
165
1,900
2,195
2,712
4
4
8
719
51
988
44
1,230
71
326
50
381
64
448
69
1
2
3
4
5
6
7
8
9
10
1,038
656
382
184
26
851
608
243
249
23
1,150
692
457
332
19
3,568
3,667
-100
1,056
626
3,954
3,267
688
1,207
700
4,063
3,251
812
1,710
839
492
152
340
263
-4
254
245
9
370
90
345
180
165
429
112
11
12
13
14
15
349
179
196
-2,976
-2,479
-23
-90
-110
-75
1
-1
-27
-31
-3,307
-2,792
-21
-112
-111
-92
2
-1
-31
-30
-5,017
-4,440
-28
-150
-128
-97
-2
-1
-35
-37
-42,818
-38,171
-1,092
-552
-139
-780
-1
(*)
-106
-299
-55,321
-49,516
-1,483
-631
-144
-862
-1
-1
-133
-327
-58,830
-51,363
-2,118
-752
-153
-933
-4
-1
-152
-355
-2,561
-309
-3,211
-654
-3,739
-752
-58
-1,571
-54
-1,729
-52
-2,014
-1
-253
-1
-332
-1
-362
17
18
19
20
21
22
23
24
25
26
-25
-13
-12
-29
-88
-21
-16
-5
-34
-65
-10
-20
11
-49
-42
-23
-32
8
-728
-926
-25
-36
11
-935
-1,263
-89
-71
-19
-1,374
-1,535
-123
-319
-130
-429
27
28
29
30
31
-349
-179
-196
-28
-32
-38
-9
-19
-9
-24
-10
-27
-3,368
-2,460
-227
-682
-3,088
-2,100
-225
-763
-3,472
-2,392
-262
-818
-314
-307
-297
-290
-7
-7
-363
-356
-7
-1,080
-989
-906
-5,988
-4,874
-9,107
-3,928
-2,066
5,449
37
-2,290
5,415
-65
1,249
4,231
38
-78
-2,212
-533
-118
-121
-294
16
-123
-247
32
33
34
35
36
39
40
41
42
42
-35
67
9
50
-17
65
3
36
-11
48
-1
-2,529
-3,657
1,104
23
-2,346
-3,566
1,208
13
-2,650
-3,824
1,277
-103
-753
-758
5
-517
-521
5
-483
-488
5
43
44
45
46
-1,122
-502
-120
-382
-418
-1,039
-342
-99
-243
-273
-941
-812
-355
-457
-174
-3,459
-1,288
-1,388
100
-613
-2,529
-1,032
-344
-688
217
-6,457
-1,409
-597
-812
-389
-885
20
360
-340
-906
-1,016
47
55
-9
-1,024
518
252
417
-165
279
47
48
49
50
51
6
4
7
6
-13
-155
142
-11
-352
44
-252
- 89
-123
-56)
-380)
i«58 \f
-90
-1,455
151)
-1,502}
- 40
-634
-71
14,785
10,121
H-4,451
52
53
{
o
l
-38 }
-1
2,342
527
f
16 - 1 3 I
-356
-638
54
55
56
57
(16)
(16)
118
(16)
82
(16)
45
33
12
(U)
-3
«
(15)
86
(15)
-30
-35
5
4,143
(15)
65
76
-11
(15)
(15)
871
780
(15)
18
26
-8
58
59
60
61
62
63
05)
(15)
(15)
148
130
19
-43
-32
-11
(15)
f
JI
-356
-638
2,342
64
65
66
67
(16)
(15)
°6)
26
268
68
69
7
2
32
82
164
2
-17
-4
25
-74
635
12
348
390
i« 147
is -678
i«-245
«10,031
i«8,943
15-1,040
i« 2,325
15-664
-1,961
-824
-842
3,082
14,761
25,666
2,560
4,017
-3,703
72
73
74
75
1,441
3,108
3,081
3,081
985
2,479
2,447
2,447
-230
1,857
1,819
1,819
-16,755
-8,511
-9,419
-11,879
-26,486
-16,920
-17,908
-20,008
-23,184
-13,613
-14,693
-17,086
-309
-661
-668
-975
-654
-1,017
-1,023
-1,314
-752
-1,027
-1,034
-1,390
76
77
78
79
-8
-44
|
(16)
70
71
15 -623 (\
SUEVEY OF CUEKENT BUSINESS
60
June 1979
Table 10.—U.S. International
[Millions
Western Europe
(Credits+; debits-)*
Line
1978
II
Exports of goods and services2
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts.
TravelOther transportation
Fees and royalties from affiliated foreigners
_
Fees and royalties from unaffiliat3d foreigners
Other private services
U.S. Government miscellaneous services
...
Receipts of income on U.S. assets abroad:
Direct investment
...
Interest, dividends, and earnings of unincorporated affiliates.
Reinvested earnings of incorporated affiliates
Other private receipts
U.S. Government receipts
_
_.
U.S. military grants of goods and services net
U.S. assets abroad, net (increase/capital outflow (—))
U.S. official reserve assets, net 4
_.
Gold
Special drawing rights
Reserve position in the International Monetary FundForeign currencies
U.S. Government assets, other than official reserve assets, net
U.S. loans and other long-term
assets. _
_
Repayments on U.S. loans5
U.S. foreign currency holdings and U.S. short-term assets, netU.S. private assets, net
Direct investment
Equity and intercompany accounts
_
Reinvested earnings of incorporated affiliates
Foreign securities
U . S . claims on unaffiliated foreigners reported b y U . S . n o n b a n k i n g concerns:
Long-term
_
Short-term
_
_
U . S . claims reported b y U . S . b a n k s , n o t included elsewhere:
Long-term
Short-term.. _
Foreign assets in the United States, net (increase/capital inflow ( + ) )
Foreign official assets in the United States, net
_
U.S. Government securities6
_
U.S. Treasury securities ..
_
Other?
Other U.S. Government liabilities K U.S. liabilities reported by 9U.S. banks, not included elsewhere
Other foreign official assets
_
Other foreign assets in the United States, net
Direct investment
_
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. liabilities reported by U.S. banks, not included elsewhere:
Long-term
_
Short-term
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)
Memoranda:
Balance on merchandise trade (lines 2 a n d 18)
Balance on goods a n d services (lines 1 a n d 17) 1 0
Balance on goods, services, a n d remittances (lines 77, 35, a n d 36)
Balance on current account (lines 77 a n d 3 3 ) 1 0
See footnotes on page 55.
1978
IV
II
13,962
8,688
202
226
89
534
565
101
194
15,619
9,826
247
362
154
680
571
106
203
47
14,756
9,362
270
422
231
763
588
110
209
58
18,927
11,488
421
353
143
684
706
114
214
19,964
12,566
2,628
1,049
1,579
608
79
2,635
1,573
1,061
708
79
1,861
838
1,023
783
3,523
1,187
2,335
1,073
170
-13,888
-8,774
-855
-302
-457
-629
-73
-40
-222
-15,569
-9,163
-898
-745
-717
-683
-62
-42
-219
-84
-16,069
-9,125
-989
-1,090
-612
-740
-83
-44
-221
-85
-429
-235
-194
-960
-1,058
-819
-286
-534
-1,036
-1,101
-799
-313
-486
-1,130
-1,151
-3
-4
-35
-37
-27
-117
107
-17
-32
-118
134
-33
-41
-120
-3,006
-3,123
-121
-85
128
-3,794
-37
1979
III
IV
11,188
6,969
131
172
70
385
517
84
143
27
12,383
7,928
75
285
120
446
510
88
150
30
11,457
7,514
130
330
185
499
523
93
153
37
14,831
9,172
195
259
109
435
629
96
157
20
15,658
9,858
203
225
95
440
506
99
158
20
3,745
1,265
2,480
1,164
102
2,202
808
1,394
473
17
2,189
1,282
907
539
23
1,371
602
769
606
16
2,827
919
1,908
841
92
3,115
971
2,144
909
30
-16,263
-9,555
-1,006
-463
-444
-726
-93
-45
-215
-97
-16,092
-9,238
-983
-313
-439
-745
-75
-43
-221
-103
-10,859
-6,891
-763
-215
-325
-431
-41
-35
-178
-41
-12,191
-7,286
-762
-520
-523
-469
-35
-38
-176
-48
-12,717
-7,323
-876
-795
-457
-507
-46
-40
-176
-52
-12,665
-7,560
-874
-290
-336
-500
-69
-42
-175
-56
-12,364
-7,237
-847
-215
-310
-512
-53
-40
-183
-55
-802
-333
-469
-1,424
-1,394
-771
-328
-443
-1,525
-1,636
-426
-196
-231
-628
-729
-224
-506
-689
-917
-751
-237
-515
-735
-959
-697
-261
-436
-953
-1,114
-270
-376
-1,002
-1,266
122
685
566
117
216
35
Unilateral transfers (excluding military grants of goods and services), net
U . S . G o v e r n m e n t grants (excluding military grants of goods a n d services)
U . S . G o v e r n m e n t pensions a n d other transfers
P r i v a t e remittances a n d other transfers
_.
_
37
1979
III
Transfers of goods and services under U.S. military grant programs, netImports of goods and services
Merchandise, adjusted, excluding military 3
__
Direct defense expenditures
_
Travel
Passenger fares
Other transportation
Fees a n d royalties to affiliated foreigners
Fees a n d royalties to unaffiliated foreigners._
P r i v a t e p a y m e n t s for other s e r v i c e s . .
_
_
U . S . G o v e r n m e n t p a y m e n t s for miscellaneous services
P a y m e n t s of income on foreign assets i n t h e U n i t e d States:
Direct i n v e s t m e n t
_
Interest, dividends, a n d earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private p a y m e n t s
_
U.S. Government payments
_
European Communities(9)u
-1
-7
-9
1
8
(*)
-49
-50
-116
117
62
-1
-81
144
88
-1
-82
171
80
-5
-82
167
94
-2
-87
183
-79
155
-14,907
-2,297
-2,145
-1,876
-2,699
-12,881
-831
-2,803
-2,174
(*)
(*)
-34
-49
-125
140
-85
-37
-2,803
-2,174
-261
-445
175
-178
-437
202
57
-154
-266
254
-143
-198
-362
158
-2,777
-1,710
-649
-1,061
-295
-3,579
-1,379
-356
-1,023
-161
-11,951
-2,868
-533
-2,335
-244
6
208
-649
-151
-1,064
-47
39
10
94
-4
83
15
75
-3,074
-593
-2,480
-553
-2,194
-2,022
-629
-1,394
273
-1,923
-1,538
-631
-907
-142
n.a.
n.a.
196
i
-2,729
-47
49
76
-2,729
108
-5
56
57
-1
-2,816 - 1 0 , 1 5 0
-1,138
-2,464
-369
-556
-769
-1,908
154
-243
32
-6
40
-5
134
-135
-42
-2,553
-410
-2,144
-405
-165
-1,119
n.a.
n.a.
16-6,159
16 2,916
12,673
1,455
-608
16-986 16-1,392 ie-7,623
16 3,702
824
10,264
19,913
416
-1,470
5,974
12,468
-3,221
(14)
(14)
97
16-472
4,764
963
92
89
(14)
(14)
3,637
885
442
443
2,293
1,329
796
534
4,290
1,741
1,254
486
7,446
589
121
469
(14)
(14)
(14)
414
183
231
221
45
-67
42
105
185
-251
151
637
(15)
(15)
37
(15)
(15)
1,018
16-1,256
7,744
(15)
(14)
286
133
-735
99
(15)
(15)
(15)
(15)
196
(15)
(15)
1,255
749
506
1,780
1,266
515
(15)
(15)
27
-39
436
(15)
943
578
215
-61
36
94
159
-174
177
15 3,305 15-1,309
"4,936
15 11,990
507
132
784
408
376
(15)
524
(14)
(14)
(14)
2,266
-5,125
-7,636
-1,943
-3,010
633
-3,865
-2,054
-3,994
663
50
66
33
237
-1,313
-1,305
-1,346
1,933
2,664
2,679
2,630
3,328
3,873
3,874
3,824
78
329
392
392
642
192
281
279
191
-1,260
-1,175
-1,180
1,612
2,167
2,263
2,261
2,621
3,294
3,370
3,370
(14)
15 119
SURVEY OF CURRENT BUSINESS
June 1979
61
Transactions, by Area—Continued
of dollarsl
European Communities (6)i2
United Kingdom
i
I
I
IV
III
II
II
1978
IV
III
I
3,276
1,715
14
53
28
122
183
25
52
11
3,284
1,951
15
85
45
139
145
24
55
11
2,881
1,551
36
100
68
159
164
23
56
9
3,865
2,035
121
79
46
139
198
22
57
8
4,292
2,523
44
65
38
139
141
23
57
9
7,487
5,009
113
112
39
217
321
58
86
14
8,637
5, 702
58
187
69
264
346
63
89
17
8,149
5,707
89
220
110
289
341
68
92
24
10,378
6,787
69
167
58
251
409
72
93
9
11,026
7,163
154
151
53
259
342
75
94
9
785
166
620
284
5
515
351
163
295
6
372
259
114
337
5
626
274
352
462
72
743
453
290
506
5
1,325
629
697
182
11
1.586
918
668
238
15
937
353
583
263
10
2,074
641
1,433
371
19
2,310
475
1,834
394
25
—1
(*)
(*)
-3,394
-1,612
-105
-385
-182
-186
-17
-22
-102
-9
-3,188
-1,628
-112
-136
-130
-182
-27
-23
-102
-6
-3,157
-1,658
-113
-68
-126
-185
-29
-21
-108
-10
-7,773
-5,125
-645
-132
-168
-227
-18
-16
-71
-34
-8,397
-5,313
-653
-267
-302
-249
-24
-16
-70
-41
-8,863
- 5 , 469
-753
-328
-246
-267
-28
-17
-70
-41
-9,065
-5,669
-744
-142
-183
-268
-42
-18
-69
-47
-8,812
-30
-32
2
-333
-222
-292
-75
-217
-368
-191
-223
-79
-144
-385
-166
-178
-94
-84
-501
-163
-127
-95
-32
-544
-168
-397
-163
-234
-291
-649
-434
-149
-285
-318
-709
-528
-157
-371
-346
-770
-516
-166
-350
-442
-926
-520
-174
-346
-445
-1,068
1
20
26
35
35
24
-13
33
-13
38
-13
48
-13
48
-723
-920
-1,084
-5,169
-13
37
55
-5
-63
122
71
-2
-67
140
63
-1
-59
122
1,675
-1,324
-938
-1,523
-7,371
-2,464
-47
9
- 2 , 729
-829
—47
9
—2, 729
—829
71
—1
42
30
-79
31
21
-100
24
8
12
42
72
26
40
12
-9
14
-1
12
29
104
-32
14
12
24
16
66
—4
61
9
-727
-910
—290
-620
256
-932
-645
—482
-163
—328
-1,126
-327
—213
-114
144
-5,241
-934
-582
-352
11
1,649
-252
38
-290
—169
- 1 , 364
-998
—302
-697
22
-957
-828
—160
-668
192
- 1 , 603
-717
—134
-583
7
-4,564
-1,318
115
-1,433
-256
-21
176
-32
281
22
-479
-156
-674
n.a.
n.a.
-17
10
25
-52
10
-135
-9
-428
151
-378
16-208
16-486
16-294
16-768
16-2,553
-675
-1,858
1,005
2,705
6,403
10,152
(15)
—62
-60
-2
-16
-365
2,424
5,131
(15)
—21
(15)
33
-51
84
131
144
(15)
(15)
—50
275
798
581
217
16 2,070 {
X
(15)
(15)
(15)
(15)
(15)
59
26
26
2,263
(15)
(15)
(15)
(")
-3,488
—4
376
344
32
465
231
234
(15)
129
38
(15)
(15)
(15)
370
(15)
(15)
(15)
(15)
(15)
•
454
169
285
(15)
(15)
1,515
1,144
371
(15)
(15)
72
131
-53
59
29
30
-64
102
!51,699
15 4,300
is 1,888
is 4, 589
15 9, 759
2,194
-5,258
-3,572
-2,077
-4,220
407
677
712
712
865
1,135
1,159
1,159
-116
-286
-235
-235
389
240
312
310
238
-714
-655
-660
59
229
-5
—22
64
134
-107
75
J 15-1,264
15-3, 283
15 6
is 1, 984
831
2,800
558
192
547
567
567
238
-48
-22
-22
-61
-513
-479
-479
840
729
1,085
963
30
32
35
29
36
11
16
2
8
17
2
6
17
2
17
3
9
17
2
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
29
12
27
22
28
20
34
22
38
20
-411
-370
(•)
-4
-1
-15
-422
-360
-1
-19
-9
-17
-444
-351
-1
-52
-6
-16
-479
-428
-1
-19
-1
-12
-358
-315
(*)
-1
-10
-7
-I
-7
-5
-1
-7
-6
-1
—7
-6
-1
-11
-5
-3
-4
-3
(*)
(*)
-i
-16
27
28
29
30
31
-5
—4
(*)
(*)
17
18
19
20
21
22
23
24
25
26
(*)
-11
-17
-20
-17
-11
i
-10
-6
-10
-8
-12
-5
-12
-2
-10
33
34
35
36
-29
-121
-196
-139
-46
37
38
39
40
41
42
-33
-69
35
1
-62
-136
65
8
43
44
45
46
-1,666
-2,194
-360
- 1 , 834
—234
58
5
-22
-106
16
47
48
49
50
51
n.a.
n.a.
2
25
-12
26
14
38
-3
-59
n.a.
n.a.
52
53
16-12
16-74
16-44
16 16
136
26
85
3
i fl 762 i
3 |
28
I
-1,276
-76
(15)
(15)
(15)
(15)
410
64
346
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(*)
-5
63
10
6
15 73
15 16
15 68
\
I
61
63
64
65
66
67
68
69
70
71
15-81
15-1,860
15-70
-4,165
1,463
-561
-1,160
-365
-290
-588
1,118
1,314
1,386
1,384
1,833
2,213
2,277
2,276
618
677
665
665
1,115
1,161
1,144
1,144
539
554
534
534
301
361
345
345
648
727
716
716
*
59
60
J 62
(*)
-5
15
i
56
I
(15)
54
55
J 58
(*)
(15)
154
j
X
-81
(15)
1
20
371
22
350
-117
327
998
890
-174
-247
67
7
(15)
111
467
1,582
1,475
-126
—182
41
15
100
318
629
1,088
988
-87
—119
32
(*)
(15)
167
337
i.
32
71
—1
-63
135
3
16
-5,330
-719
-141
-164
-276
-19
-18
-70
-43
51
—1
-62
114
(*)
IV
8
(*)
C)
III
Line
16
-3,333
-1,713
-97
-177
-187
-170
-11
-20
-103
-5
(*)
II
1979
-8
(*)
-2,730
-1,523
-107
-73
-137
-157
-21
-19
-103
(*)
•
1979
1978
1979
1978
Eastern Europe
73
74
75
76
77
78
79
June 1979
SUEVEY OF CUREENT BUSINESS
62
Table 10.—U.S. International
[Millions
Latin American Republics and Other
Western Hemisphere
Canada
(Credits +; debits - ) i
Line
III
II
Exports of goods and services2
--Merchandise, adjusted, excluding military3
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
_
Other transportation
_
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
_
_
U.S. Government miscellaneous services
Receipts of income on U.S. assets abroad:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates.
Reinvested earnings of incorporated affiliates
Other private receipts
U.S. Government receipts
._
Transfers of goods and services under U.S. military grant programs, net
Imports of goods and services
Merchandise, adjusted, excluding military3
Direct defense expenditures
_
Travel
Passenger fares
_.
Other transportation
_
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
Private payments for other services
_
U.S. Government payments for miscellaneous services
Payments of income on foreign assets in the United States:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates
—
Reinvested earnings of incorporated affiliates
Other private payments
U.S. Government payments
U.S. military grants of goods and services, net
Unilateral transfers (excluding military grants of goods and services), net
U.S. Government grants (excluding military grants of goods and services).
U.S. Government pensions and other transfers
Private remittances and other transfers
_
_
40
41
42
U.S. assets abroad, net (increase/capital outflow (-))
U.S. official reserve assets, net 4
Gold
Special drawing rights
Reserve position in the International Monetary Fund.
Foreign currencies
43
44
45
46
U.S. Government assets, other than official reserve assets, net
U.S. loans and other long-term assets
_
Repayments on U.S. loans 5
U.S. foreign currency holdings and U.S. short-term assets, net
47
48
49
50
51
U.S. private assets, net
.---..
_
_
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
_
Short-term.
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term
_
Short-term
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
Foreign assets in the United States, net (increase/capital inflow (+))
Foreign official assets in the United States, net
U.S. Government securities6
_
U.S. Treasury securities
Other 7
Other U.S. Government liabilities »
U.S. liabilities reported by 9U.S. banks, not included elsewhere
Other foreign official assets
_
._
Other foreign assets in the United States, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. liabilities reported by U.S. banks, not included elsewhere:
Long-term
Short-term
_
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)
Memoranda:
B alance on merchandise trade (lines 2 and 18)10
Balance on goods and services (lines 1 and 17)
Balance on goods, services, and remittances 10
(lines 77, 35, and 36)
Balance on current account (lines 77 and 33)
See footnotes on page 55.
1979
1978
1978
IV
II
9,465
6,842
26
11,042
8,427
10
583
9,808
7,149
21
610
11,521
8,640
14
372
11,778
8,649
30
601
116
161
11
141
2
132
180
14
139
4
141
194
17
134
140
192
19
129
142
181
18
136
5
749
246
503
731
837
323
515
711
6
214
484
832
3
1,151
771
380
856
-8,484
-7,910
-53
-128
-9,814
-8,823
-34
-350
-9,086
-7,730
-40
-715
-85
-31
-2
-88
-5
-111
-38
-2
-88
-16
-23
-16
-8
-129
-30
1979
Ill
IV
8,032
4,640
23
498
60
170
74
20
195
19
9,233
5,495
14
599
60
221
95
22
202
19
9,816
5,617
14
694
112
266
72
23
209
19
11,099
6,279
10
675
81
247
120
25
222
21
10,599
6,003
27
560
68
232
57
25
205
19
1,039
411
628
976
3
1,016
663
353
1,237
1,118
606
512
1,307
82
1,210
725
485
1,503
77
1,523
776
747
1,822
74
1,400
742
658
1,918
85
-10,078
-9,341
-44
-214
-9,877
-9,115
-40
-137
-138
-28
-3
-89
-4
-127
-30
-3
-88
-5
-110
-34
-3
-89
-7
-7,596
-5,674
-44
-854
-69
-173
-7
-4
-197
-76
-7,627
-5,708
-52
-795
-51
-179
-1
-4
-202
-7,754
-5,628
-63
-868
-66
-193
-8
-3
-209
-85
-8,364
-6,034
-75
-800
-38
-220
-3
-3
-230
-9,256
-6,657
-50
-1,006
-71
-202
-3
-3
-227
-93
-178
-99
-79
-137
-155
-49
-107
-148
-35
5
7
-2
-194
-39
-95
-21
-74
-202
-44
-97
-51
-46
-374
-27
-87
-25
-63
-436
-27
-95
-31
-64
-516
-20
-125
-27
-98
-715
-29
-107
-6
-1
-4
-5
-2
-29
-40
-28
-37
-35
-34
5
-37
-2
11
2
-38
3
-202
-71
-36
-95
-192
-52
-36
-104
-59
-37
-112
-221
-73
-36
-112
-230
-77
-41
-112
-2,391
-2,176
-1,617
-2,617
-2,148
-5,937
3,383
-4,488
-9,244
1,045
5
-3
6
2
-5
-7
3
-1
4
-1
6
4
-2
5
(*)
-5
-59
-215
164
-101
-272
170
1
-188
-327
139
-91
-231
142
-2
-37
-175
138
1
-2,397
-397
106
-503
-567
-2,171
-319
196
-515
-1,307
1,621
-559
-75
-484
-348
-2,620
-57
322
-380
- 1 , 016
-2,143
1,010
-382
-628
-718
-5,878
-498
-146
-353
-3,484
-761
-249
-512
139
-4,300
-1,286
-801
-485
-22
-9,153
-1,661
-914
-747
26
1,082
-872
-215
-14
-747
-17
32
-220
-50
463
n.a.
n.a.
15
-1,476
90
-58
15
49
-861
n.a.
n.a.
27
C)
C)
6
-11
-74
« - 5 2 6 '«-l,960
8 -415
Jie - 4 5 4
-288
25
-702
1,521
(14)
1,104
1,602
998
04)
13
(14)
727
260
253
8
586
178
99
79
9
-8
(14)
816
72
-35
107
604
3
1
2
(14)
-29
-5
26
14
} ()
-1
-5
(14)
i,li5
-535
981
952
952
-396
1,229
1,189
1,189
4
41
(14)
-581
722
820
210
135
74
(14)
67
(14)
112
92
04)
-495
-3,461
18 4,074
1,841
551
2,506
6,892
(15)
(15)
4,643
(15)
(15)
(15)
14
(15)
-2
15
-31
46
76
14
63
26
1 5 1,686
15
281
217
64
123
26
98
206
71
67
-18
115
188
15 4,196
-14
(15)
141
81
60
(15)
(15)
(15)
(15)
16
(15)
(15)
153
(14)
18-6, 706 18 1,866
18-3,861
-13
04)
(14)
854
589
(14)
(14)
(14)
1,408
C)
-816
-22
%
94
-3
-14
6,671
~-39i
-1,127
3,862
-5,349
-2,008
4,225
-9,052
-701
1,443
1,405
1,405
-466
1,902
1,867
1,867
-1,034
435
305
234
-213
1,607
1,468
1,415
-11
2,062
1,912
1,853
245
2,734
2,586
2,514
-654
1,344
1,191
1,114
SURVEY OF CURRENT BUSINESS
June 1979
63
Transactions, by Area—Continued
of dollars]
Japan
II
I
IV
III
1979
1978
1979
1978
I
Other countries in Asia and Africa
Australia, New Zealand, and South Africa
II
III
IV
I
II
Line
1979
1978
IK
International organizations and
unallocated 13
III
1978
I*
IV
I
II
3,765
2,626
13
145
88
291
98
77
30
9
4,303
3,065
22
135
55
245
112
83
29
21
4,798
3,340
8
140
68
266
123
89
30
17
5,393
3, 929
16
122
78
244
121
94
28
8
5,654
4,219
15
189
99
238
91
95
26
7
1,387
865
23
32
22
33
55
10
32
1
1,752
1,057
41
68
42
49
62
11
33
1
1,662
1,040
74
58
36
57
58
12
36
1
2,073
1,248
70
50
26
53
68
13
38
1
1,884
1,177
54
45
34
48
65
13
33
1
10,252
6,140
1,638
75
45
295
126
14
305
39
11,535
7,254
1,648
125
51
390
122
15
323
36
11,563
7,097
1,734
161
87
387
107
16
342
40
11,867
7,688
1,179
96
54
392
166
17
354
49
12,184
7,747
1,373
109
65
399
126
17
351
34
692
144
89
56
231
14
260
130
130
267
8
386
220
165
320
13
361
60
301
386
7
208
97
111
436
31
253
169
84
58
3
287
192
95
94
7
222
109
113
66
3
387
222
165
114
6
338
175
163
73
4
1,025
819
206
367
183
956
794
162
382
233
991
720
271
434
169
1,091
917
174
528
254
1,117
921
197
615
230
67
46
30
54
21
- 7 , 5 9 4 -7,765
- 6 , 276 -6,384
-245
-249
-46
—49
-33
-40
-401
-375
15
17
-4
-4
-18
-18
-13
-11
-7,509
-6,129
-235
-43
-15
-374
20
-4
-19
-11
-7,693 -1,056
-904
- 6 , 269
-213
-5
-19
-45
-24
-41
-389
-22
25
(*)
-4
(*)
-19
-9
-9
-8
-1,179
-1,051
-7
-24
-29
-23
(*)
(*)
-9
-11
-14,033 -14,187 -15,427 -15,182
- 1 2 , 329 -12,348 - 1 3 , 550 -13,136
-500
-513
-526
-579
-173
194
-204
-181
-32
-37
-42
-42
-240
-235
-241
-217
-1
-2
-2
(*)
(*)
(*)
(•)
(*)
-37
-39
-37
-40
-85
-100
-78
-93
-15,525
- 1 3 , 479
-681
-160
-35
-249
1
(*)
-41
-87
-81
—32
-49
-96
-410
-85
-30
-56
-106
-447
-36
-14
-21
-143
-522
-63
-35
-27
-155
-556
-2
-3
2
-11
-9
-1
-6
4
-12
-11
5
-2
7
-12
-11
-11
-9
-2
-14
-11
-1
-3
2
-14
-9
(*)
-7
7
-290
-378
-67
-46
-30
-54
—21
-15
-20
-17
-21
-16
-8
-10
-10
-10
-13
—5
-10
—5
-15
-5
-11
-5
-16
5
-21
-2
-5
-3
-7
-3
-8
o
-8
-2
-11
-832
-586
-59
-187
-932
-650
-64
-218
-791
—546
-65
-181
-918
-611
-75
-233
-1,370
-342
150
-4,432
-237
-204
-416
-208
-78
139
-2,894
-2,768
-326
-3,120
—1 637
—187
-3
(*)
-6,857
- 5 , 753
-222
— 17
-30
-346
15
-4
-17
-0
—54
—6
-48
-77
-343
-1,224 -1,559 -1,394
- 1 , 1 0 4 - 1 , 381 - 1 , 2 2 9
-5
-8
-8
-50
-62
19
-41
-32
-26
-28
-27
-25
-1
-1
(*)
(*)
(*)
(*)
-9
-9
-9
-9
-8
-7
3
(*)
-1,637
-187
5
-19
21
3
-6
-25
19
(*)
-16
-26
5
6
-11
-31
10
10
1
-13
17
-2
3
-3
5
(*)
-1,375
-2
54
-56
-538
-337
-187
-57
-130
389
165
-180
-15
-165
191
-2,784
-348
-47
-301
285
-52
-154
-43
-111
-6
-18
-312
6
238
8
-15
4
-82
n.a.
n.a.
13 jie - 7 8 3
—518
i« 162 '6 - 2 , 6 4 3
8,346
2,543
-906
3,767
(15)
(15)
(15)
16 109
-1,852
(15)
-26
-19
-7
-329
-380
-27
-20
o
-328
-379
-36
-25
-11
-427
-398
1979
III
lv
IV
328
14
294
13
311
13
298
32
294
19
104
15
109
16
115
19
120
19
125
19
1
2
3
4
5
6
7
8
9
10
85
53
32
138
9
85
27
58
80
84
76
25
51
136
11
99
74
25
75
9
144
41
103
134
4
11
12
13
14
15
-905
-185
-902
-178
-1,033
-283
-898
-106
-900
-222
-16
-479
-7
-495
-14
-540
-15
-499
-16
-489
(*)
-93
(*)
-84
C)
-55
(*)
-131
(*)
-41
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
687
680
653
739
8
16
-9
-13
4
-416
-369
-34
-98
-29
-110
-36
-105
-31
-117
-24
-108
-944
-657
-64
-223
-83
—81
-94
—92
-127
—125
-60
—58
-22
—20
-2
-2
-2
-2
-1,375
414
46
440
4,549
308
333
152
-16
324
-104
437
—43
195
4 622 —1 228
-65
1,412 - 1 142
-86
3,275
32
33
34
35
36
-2
-1,558
37
38
39
40
41
42
-3
-6
6
-3
11
-3
11
3
15
-1
15
1
-647
-882
298
-62
-665
-1,005
352
—11
-846
-1,083
282
-46
-493
-854
346
15
-773
-1,065
358
-66
-202
-206
3
-62
-62
-35
-36
2
-184
-184
26
-1
-99
-102
3
43
44
45
46
-207
-139
-55
-84
3
-441
-246
-151
-95
-177
-205
-143
-30
-113
-11
-89
-285
-119
-165
11
124
-88
75
-163
-3
-2,247
-1,771
-1,566
-206
-192
-2,103
-906
-744
-162
-1
521
531
802
-271
-163
-2,628
737
911
-174
-35
-602
-977
-780
-197
33
308
272
304
-32
33
-225
-371
-313
-58
153
323
291
342
-51
38
111
59
84
-25
55
-231
-335
-232
-103
103
47
48
49
50
51
3
-1
-14
10
1
-12
n.a.
n.a.
27
99
6
-88
-10
-109
21
-154
n.a.
n.a.
n.a.
n.a.
52
53
16 - 6 1
16 196
(
'6 216 \
23
-433
-334
-51
97
1,241
12
-86
176
(15)
25
(•)
} 18-3
138
(15)
(15)
(15)
(15)
(15)
18 271 16 - 3 , 1 9 7
-1,688
-304
(15)
(15)
-366
-131
(15)
(15)
1,277
(15)
-1
3
16 341 (
330
-1,498
|
18 _
1
6
365
16-7
-1,192
16 - 3
16 1
(
I
141 - 1 , 0 4 0
f1
(15)
1
19
15
I ()
266
216
49
30
—54
66
(15)
163
108
56
-5
(15)
187
165
21
(15)
(15)
(15)
1,031
(15)
(15)
312
264
48
3
37
(15)
109
82
27
(15)
138
100
-30
102
5
47
—1
57
6
33
is 2,351
is 2,408
15-2,094
27
(15)
70
(15)
4
6
-2
(15)
5
9
-4
(15)
3
—1
25
-25
(15)
16
23
-7
(15)
-4
13
1
-23
13
9
(15)
(15)
41
39
2
-15
—14
-2
(15)
(15)
1
-2
484
(15)
53
60
-7
23
16
(15)
(15)
?
(15)
7
8
(15)
(15)
12
61
- —5
79
1
151
528
15 105
15 776 15-1,558
is - 7 8 2
-50
(15)
65
54
11
(*)
74
—4
10
885
365
-1,192
3
7
-4
(15)
16
I.::::::
I-I 330(15)
(15)
-44
26
141 - 1 , 0 4 0
(15)
(15)
59
259
(15)
-215
-3,868
4,559
291
2,803
4,144
-295
-286
114
-376
-713
6,266
8,039
5,285
6,076
7,158
-448
-3,127
-3,092
-3,107
-3,107
-3,211
-3,291
-3,311
-3,311
-3,044
-2,966
-2,983
-2,983
-2,200
-2,116
-2,137
-2,137
-2,050
-2,039
-2,055
-2,055
-39
331
324
324
6
574
564
564
-64
438
427
427
-133
514
504
504
-52
490
477
477
-6,189
-3,782
-4,028
-4,614
-5,094
-2,652
-2,934
-3,584
-6,453
-3,864
-4,110
-4,655
-5,448
-3,315
-3,623
-4,233
-5,732
-3,341
-3,628
-4,285
-185
-213
-214
-295
-178
-215
-217
-309
15 117
1549 15 - 2 9 9 15 - 1 1 2
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
—3
-210
(
15 409 I S - 1 , 2 5 1 15 - 1 1 8 15-825 I
1,139
1,641
1,232 - 4 , 3 8 4
-103
}i5 7,973
54
55
15 524 15 - 1 , 4 7 6
15 3 3 7
-283
-354
-355
-480
-106
-246
-248
-306
-222
-161
-163
-183
72
73
74
75
76
77
78
79
SUEVEY OF CUEEENT BUSINESS
64
June 1979
Table 10a.—International Transactions,
[Millions
(Credits + ; debits - ) i
Line
B elgium-Luxembourg
1977
1976
Exports of goods and services 2
Merchandise, adjusted, excluding military 3
Transfers under U.S. military agency sales contracts
Travel
Passenger fares
Other transportation
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliatedforeigners
Other private services
U.S. Government miscellaneous services
Receipts of income on U.S. assets abroad:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates.
Reinvested earnings of incorporated affiliates
Other private receipts
U.S. Government receipts
Transfers of goods and services under U.S. military grant programs, net.
Imports of goods and services
Merchandise, adjusted, excluding military 3
Direct defense expenditures
Travel
Passenger fares
Other transportation
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiHated foreigners.
Private payments for other services
U.S. Government payments for miscellaneous services
Payments of income on foreign assets in the United States:
Direct investment
Interest, dividends, and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private payments
U.S. Government payments
U.S. military grants of goods and services, net
Unilateral transfers (excluding military grants of goods and services), net
U.S. Government grants (excluding military grants of goods and services)..
U.S. Government pensions and other transfers
Private remittances and other transfers
U.S. assets abroad, net (increase/capital outflow ( - ) )
3,595
3,003
7
23
15
65
116
10
30
2
France
1978 v
1976
1977
6,399
4,217
3
148
89
192
303
47
101
19
8,814
5,404
317
206
80
297
297
83
79
24
9,094
5,850
348
263
93
310
334
92
78
17
11,625
7,020
238
343
116
341
411
119
105
26
341
184
157
70
5
584
242
342
142
5
484
269
215
173
13
365
307
58
241
13
859
356
503
409
12
1,945
685
1,260
74
1,616
1,576
40
86
7
2,735
1,229
1,506
160
11
n.a.
n.a.
-2,034
-1,449
-53
-34
-42
-56
-5
-7
-16
-17
-2,519
- 1 , 761
-92
-37
-3,765
-2,521
-21
-254
-217
-88
-9
-14
-50
-34
-4,270
-3,047
-25
-233
-190
-122
-7
-14
-57
-33
-5,663
-4,071
-51
-287
-190
-140
-16
-16
-59
-48
-9,767
- 5 , 581
-1,557
-195
-197
-359
-10
-34
-92
-53
-12,044
- 7 , 249
-1,868
-203
-224
-431
-25
-31
-136
-50
-16,185
-9,969
- 2 , 260
-220
-287
-471
-80
-27
-136
-66
-108
-63
-45
-242
-207
-135
-47
-244
-163
-153
-86
-67
-318
-314
-137
-42
-95
-238
-1,314
-127
-77
-50
-240
-1,460
-143
-97
-46
-307
- 2 , 219
n.a.
-46
n.a.
-48
n.a.
-44
n.a.
333
n.a.
415
n.a.
481
n.a.
-131
-114
()
()
-175
-66
-9
-20
-20
-173
()
-229
-65
-8
-4
-4
-4
-5
-5
-3
-16
-30
-17
-31
-19
-25
-97
430
-104
519
-109
590
-620
-1,154
-890
-784
-837
-2,906
-1,926
-777
-5,088
-4
2
6
4
- 2 , 767
39
40
41
42
43
44
45
46
U.S. Government assets, other than official reserve assets, net
U.S. loans and other long-term assets
Repayments on U.S. loans «
U.S. foreign currency holdings and U.S. short-term assets, net
1
-3
5
-1
-6
-27
-14
7
-34
61
-1
61
1
47
48
49
50
51
U.S. private assets, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term
Short-term
-614
-240
-135
-105
-49
-1,148
-790
-633
-157
-161
-365
-23
-342
84
-841
-43
172
-215
-652
-29
-3
-50
5
45
6
-310
-13
-131
-632
-660
444
705
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
Foreign assets in the United States, net (increase/capital inflow (+))
Foreign official assets in the United States, net
U.S. Government securities6
U.S. Treasury securities
Other '
Other U.S. Government liabilities a
U.S. liabilities reported b y U.S. banks, not included elsewhere
Other foreign official assets »
Other foreign assets in the United States, net
Direct investment
Equity and intercompany accounts
Reinvested earnings of incorporated affiliates
U.S. Treasury securities
U.S. securities other than U.S. Treasury securities
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
Short-term
U.S. liabilities reported by U.S. banks, not included elsewhere:
Long-term
Short-term
Allocations of special drawing rights
Statistical discrepancy, and transfers of funds between foreign areas, net (sum of
of above items with sign reversed)
Memoranda:
Balance on merchandise trade (lines 2 and 18) 10
Balance on goods and services (lines 1 and 17)
Balance on goods, services, and remittances (lines
77, 35, and 36).
Balance on current account (lines 77 and 33) 10
See footnotes on page 55.
1978 P
4,960
3,536
9
121
70
181
257
48
95
24
-7
54
55
1977
4,909
3,552
9
96
54
145
224
57
82
20
U.S. official reserve assets, n e t 4
Gold
Special drawing rights
Reserve position in the International Monetary F u n d .
Foreign currencies
52
53
1976
4,796
3,721
30
37
12
69
155
11
27
3
n.a.
-172
-61
1978 P
3,882
3,167
15
29
8
63
130
14
158
105
55
6
-1,708
-1,116
-46
-35
-43
-50
-4
-10
-20
-20
Germany
-7
00
-4
34
39
136
211
26
25
18
1
18
-13
-130
-72
-58
-172
- 2 , 971
-673
-170
-503
-109
- 1 , 983
-1,786
-526
- 1 , 260
-800
-572
-532
-40
-7
- 2 , 326
- 1 , 624
-118
-1,506
286
-2
-147
-15
-75
-175
-36
-23
-2
-71
(*)
-359
26
-323
-171
-2,008
-36
-96
-4
-144
-2,290
731
3,875
3,442
4,621
17,023
(n)
00
00
00
C)
(*)
00
10
28
-11
171
126
45
-74
00
00
111
5
51
149
00
- 2 , 767
(*)
47
-21
68
65
-4
69
00
00
(*)
229
141
142
75
67
-629
-127
00
594
95
[
410
360
50
00
658
612
-42
-19
-13
320
28
105
40
292
361
-51
-126
-6
-60
-12
118
-51
48
-14
37
57
91
-143
23
-153
107
-2
108
"-611
"279
"352
H-2,778
"423
"3,491
"2,907
"4,092
"15,897
00
00
00
00
00
00
00
-599
-1,129
-2,084
1,976
-536
1,887
1,887
1,879
1,879
1,718
1,848
1,839
1,839
1,960
2,277
2,269
2,269
1,031
1,144
1,098
1,098
690
642
642
00
00
-1,661
-896
-1,309
-7,856
146
736
-177
-953
-620
-620
1,399
2,950
2,535
2,535
-2,949
-4,560
-4,079
-4,079
692
SUEVEY OF CURRENT BUSINESS
June 197©
65
by Selected Countries (published annually)
of dollars]
Italy
, 1976
1977
1978 P
1976
1977
1978 v
1977
1976
Australia
Venezuela
Mexico
Netherlands
1976
1978 v
1978 P
1977
South Africa
1977
1976
1978 *
1976
1977
Line
1978 v
«r
7,315
5, Oil
7,426
4,834
4
9,907
6,689
1
3,384
2,622
8
4,073
3,162
44
4,853
3,727
4
1,364
1,459
94
84
23
255
5
254
360
17
18
17
113
56
3
1,316
69
75
18
234
4
178
183
158
23
60
5
6,896
4,856
40
89
8
209
338
24
72
4
104
949
482
467
59
12
1,162
493
669
82
12
70
214
-144
467
43
323
152
171
508
41
597
157
440
657
43
262
141
121
176
8
319
158
161
212
8
287
139
148
346
8
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-7,290
-4,694
-1
-1,918
-92
(*)
-9,017
-6,093
-1
-2,121
-100
(*)
-3,850
-3,597
-18
-4,372
-4,118
-1
-3,957
-3,589
-1
-989
-926
-1
-8
-11
-21
-111
-143
-419
-19
-450
-21
-19
-1,509
-1,185
-15
-56
-49
-55
-1
(*)
-21
-19
-1,991
-1,657
-18
-73
-48
-103
-1,550
-1,212
-17
/
-50
-54
-45
(*)
3,999
3,059
28
59
39
181
152
41
41
9
3,889
2,790
54
61
41
192
181
50
55
7
4,823
3,371
18
69
53
211
210
59
56
12
5,422
4,161
20
49
12
198
171
19
56
4
5,730
4,172
45
57
290
210
80
77
23
338
199
139
108
12
582
220
362
168
14
664
422
242
56
12
n.a.
-3,472
-2,525
-234
-207
-127
-154
2
—4
-37
-21
n.a.
n.a.
n.a.
n.a.
54
86
21
196
-4,207
-3,038
-239
-240
-138
-189
2
—3
-48
-19
-5,610
-4,109
-326
-260
-126
-194
2
—6
-47
-21
-2,619
-1,076
-74
-58
-210
-108
-3
-6
-17
-8
-3,180
-1,478
-54
-49
-267
-123
-3
-7
-17
-8
-4,046
-1,591
-66
-65
-260
-139
-8
-9
-18
-8
-5,909
-3,599
-1
-1,723
-88
-1
(*)
-358
-20
-21
-18
-699
-227
-472
-225
-135
-779
-328
-451
-250
-145
-1,386
-432
-954
-302
-194
-1
-2
1
-107
-3
-1
-5
4
-144
-2
-4
-3
-1
-224
-2
(*)
(*)
(*)
-114
-18
n.a.
-198
(*)
-72
-126
n.a.
-236
—1
-81
-154
-1,462
-23
-107
-35
-138
-136
-242
-263
n.a.
-139
—I
-104
-34
n.a.
-149
-1
-112
-36
n.a.
-170
—7
-117
-46
n.a.
-12
n.a.
-13
n.a.
-11
-4
-8
-5
-6
-812
-431
-891
-433
-5
-8
-686
n.a.
-191
-1
-64
-126
-956
-1
-1,225
-229
1
-300
300
•
I
I
|
3,722
2,155
14
107
85
3,668
2,315
44
109
93
82
146
22
62
1
4,605
2,711
202
130
103
103
172
2.r>
75
2
1,793
1,351
(*)
19
3
60
51
13
21
1
1,545
1,059
820
532
288
108
18
628
497
131
150
16
870
550
320
201
11
197
126
71
76
1
95
137
25
-21
I
-eo
2
-25
-27
n.a.
-19
n.a
-20
n.a.
-8
n.a.
-7
-6
-9
-6
-13
-6
-14
-i
-1
-6
n.a.
-7
-1
-6
97
-1,087
-1,552
-678
-631
-775
-245
-104
10
-16
25
1
47
-13
59
1
52
-6
57
1
33
-8
44
-3
-429
-85
54
-139
-11
-907
-544
-182
-362
17
-419
-352
-110
-242
-141
-681
-533
-66
-467
-183
-982
-656
13
-669
126
-893
223
79
144
-107
-454
-244
-73
-171
-169
-1,447
-449
-9
-440
-132
74
379
500
-121
36
-1,106
-371
-210
-161
-211
-1,554
-153
-5
-148
36
-725
-387
-99
-288
-434
-683
-189
-58
-131
-182
-808
-589
-269
-320
-158
6
-6
-1
-59
63
1
75
1
11
-56
21
30
17
19
-35
-123
186
-13
2
-3
6
-6
1
-10
(
-320 X
14
-4
-9
-32 }
778
692
00
00
00
00
25
866
-7
-358
38
39
40
41
42
2
-41
44
—1
2,017
37
n.a.
-15
19
-16
34
1
1,683
32
33
34
35
36
n.a.
-11
(*)
-1
-10
23
-27
50
3,598
27
28
29
30
31
n.a.
-12
(*)
-2
-10
-15
-65
51
—1
2,039
-4
(*)
-4
-7
-6
n.a.
-10
-1
-1
-8
26
-524 }
447
-7
17
18
19
20
21
22
23
24
25
26
-7
-2
16
-1
16
1
-407 X( --429
631
16
-1
(*)
-1
-6
-3
300
22
-355 [
n.a.
-2,351
-2,259
-1
-27
-15
-19
O
(*)
-6
-1
(*)
-1
-75
-117
43
-1
-15
-559
n.a.
-1,340
-1,261
-1
-20
-10
-25
(*)
(*)
-6
-7
-4
-20
16
-41
-36
-32
-86
53
1
7
-1
11
12
13
14
15
-19
-16
-3
-28
-61
-300
-826
-244
-164
-80
-14
230
133
97
127
(*)
-24
-13
-11
-21
-86
1
15
-14
27
2
199
103
96
95
1
1
-1
2
-209
-16
-6
-2
-22
22
-2
1
2
3
4
5
6
7
8
9
10
3
-116
-29
3
C)
-14
-19
5
(*)
—1
(*)
-3
-9
22
3
55
50
14
46
1
1,643
1,083
(*)
24
3
54
56
17
49
(*)
-37
-708 (
X -477
604
98
52
43
5
-81
-210 } -1,494 1
-276
X
-120
958
3
94
1
2
6
2
8
( }
(*)
2
43
44
45
46
6
-364
-84
-13
-71
17
-247
-130
-34
-96
-5
-106
-185
-88
-97
-16
47
48
49
50
51
5
7
12
-1
-4
52
53
-9
( -92
-303 } - 5 2 X -217
-47)
100
54
55
-682
-176
-53
-12
00
00
00
00
* 2
-77f
14
56
(
15
00
-19
-24
-2
44
-8
00
(i0
(D)
(D)
00
15
(D)
(D)
00
82
00
-33
(D)
(D)
(u)
20
909
437
472
(10
-174
39
29
919
468
451
00
35
—11
85
143
00
1,926
972
954
(u)
5
00
00
—2
1
-1
-11
-7
-4
00
8
12
13
12
13
-46
—6
-18
27
ii 2,134
ii 3,653
H790
-1,615
-2,700
1,070
-3,050
-3,534
-3,900
-864
534
527
389
388
-248
-318
-466
-467
-738
-787
-950
-957
3,085
2,803
2,791
2,791
2,694
2,550
2,537
2,537
3,265
2,850
2,839
2,839
1,412
1,414
1,224
1,223
H573
—3
15
14
oo l
00
00
13
00
46
-42
-42
—41
-22
-2
00
00
00
00
00
00
2
—8
00
-5
-5
(*)
00
00
00
4
6
00 *
3C
23
12
11
00
2
84
00
00
13
16
-3
81
112
00
-31
-34
3
00
8
40
56
-16
00
(•)
00
00
-9
-10
l
00
00
-1
-1
-5
4
(10
-4
1
—45
-34
-1
25
15
14
1
20
16
-8
27
1
120
1
-4
3
102
-9
1
2
17
H553
n-47
n-139
H817
n-122
n-759
"-303
n-27
H32
266
204
281
1,518
-29
-1,480
-827
-1,643
-385
59
140
136
-62
-62
596
890
655
654
-975
-466
-475
-476
-956
-299
-311
-311
943
2,172
2,157
2,157
1,130
2,159
2,140
2,14C
1,054
2,614
2,594
2,594
425
804
796
796
H797
17
6
—3
00
I
(
57
58
59
60
61
62
1 w
65
n - 5 {I
66
67
68
69
70
71
72
73
74
138
896
885
885
805
75
- 2 0 2 -1,176
205
-708
198
-715
198
-715
76
77
78
79
SUEVEY OF CUERENT BUSINESS
66
(Continued from page 31)
Under the new method, the Census
Bureau has determined that monthly
petroleum and products import data
should not be seasonally adjusted. Tests
conducted by BEA indicated that
quarterly petroleum and products import data (table 3, lines C24 and D58)
exhibit some seasonality. Nevertheless,
BEA has suspended seasonal adjustment of petroleum imports pending
completion of a review of seasonal
adjustment procedures.
Foreign currency
transactions
Valuation gains and losses realized
by U.S. monetary authorities from
acquisitions or borrowings of foreign
currencies and sales or repayments of
these currencies at varying exchange
rates are now included in transactions
values for U.S. foreign currency reserve
assets (table 1, line 42) and in U.S.
Treasury securities (table 1, lines 59
and 68), as appropriate. Previously,
these gains and losses were recorded
(net) in U.S. Government income
(table 1, line 15). (Interest earned and
paid on these transactions is still included in the current account.)
Several recent developments contributed to the change in treatment. As
a result of changes in accounting practices for foreign exchange operations,
both the U.S. Treasury Exchange
Stabilization Fund (beginning in its
1978 fiscal year) and the Federal Eeserve System (beginning with its annual
statement of condition at the end of
1978) now periodically revalue, in
dollars, all foreign currency assets and
liabilities at current market rates.
In addition, the scale and variety of
financing techniques increased substantially in late 1978 with increased
utilization of official reciprocal currency arrangements, the U.S. Treasury's drawing on its reserve position
with the International Monetary Fund
June 1979
(IMF), the sale of special drawing
rights to Germany and Japan, and the
sale of U.S. Treasury notes denominated in marks and francs in the
German and Swiss capital markets.
Also, arrangements were made with
foreign monetary authorities to revalue
at current market rates, beginning in
January 1979, all maturing drawings
that were being renewed under offioial
reciprocal currency arrangements.
The recording change is consistent
with recommendations in the fourth
edition (1977) of the IMF Balance of
Payments Manual. It also places the
recording of U.S. official reserve foreign
currency assets on the same basis as
the recording of official reserve transactions in special drawing rights (table
1, line 40), official reserve transactions
affecting the reserve position with the
IMF (table 1, line 41), and transactions
in U.S. Government assets other than
official reserve assets (table 1, line 43).
SUKVEY OF CURRENT BUSINESS
June 1979
67
Subject Guide
January-June Issues of Volume 59 (1979)
ARTICLES and sections of the monthly "Business Situation" are listed below
by subject. Title, author, and issue and beginning page numbers are given.
Discussions of the national income and product estimates and the national income
and product tables appeared in each issue.
NATIONAL
Capacity utilization in manufacturing
See Plant and equipment expenditures.
Why Capacity Utilization Estimates Differ. Frank de Leeuw. 5-45.
Durable goods
Durable Goods Owned by Consumers in the United States, 1925-77.
John C. Musgrave. 3-17.
Earnings
Reconciliation of BEA Compensation and BLS Earnings. 2-2; 5-3.
Employment and unemployment
Cyclical Fluctuations in the Difference Between the Payroll and
Household Measures of Employment. Alexander Korns. 5-14.
Labor Mobility in 1960-65 and 1970-75. Edward I. Steinberg. 1-25.
GNP by industry
Gross Product by Industry, 1978. Donald P. Eldridge. 4-10.
Government transactions
Federal Fiscal Programs. Charles A. Waite, Joseph C. Wakefield.
2-21.
Input-output
Dollar-Value Tables for the 1972 Input-Output Study. Philip M.
Ritz, Eugene P. Roberts, Paula C. Young. 4-51.
Input-output errata for February 1979.4-51.
Input-Output Structure of the U.S. Economy, 1972. Philip M. Ritz.
2-34.
Updated Input-Output Table of the U.S. Economy: 1972. (Staff
Paper Summary.) Paula C. Young, Philip M. Ritz. 5-4.
Inventories and sales
Manufacturing and Trade Inventories and Sales in Constant Dollars.
1977:1-1978:IV, 2-12; 1978:1-1979:1, 5-56.
Revised Manufacturing and Trade Inventories and Sales, 1967-78.
3-7.
National income and product accounts (NIPA's)
Key Source Data and Projections for National Income and Product
Estimates: Fourth Quarter 1978, 1-19.
Revisions. Fourth Quarter of 1978, 2-1 and 3-5; First Quarter of
1979, 5-1 and 6-5.
U.S. National Income and Product Accounts: Preliminary Revised
Estimates, 1972. Robert P. Parker. 4-48.
Plant and equipment expenditures
Plant and Equipment Expenditures. John T. Woodward. Year 1979,
1-22; First and Second Quarters and Second Half of 1979, 3-26; Four
Quarters of 1979, 6-15.
Pollution abatement and control
Capital Expenditures by Business for Pollution Abatement, 1977,
1978, and Planned 1979. Gary L. Rutledge, Betsy D. O'Connor. 6-20.
Pollution Abatement and Control Expenditures in Constant and
Current Dollars, 1972-77. Gary L. Rutledge. 2-13.
Prices
Reconciliation of Quarterly Changes in Measures of Prices Paid by
Consumers. 2-2; 5-3.
INTERNATIONAL
Balance of payments
U.S. International Transactions. Fourth Quarter and Year 1978,
Christopher L. Bach, 3-38; First Quarter 1979, Jorge C. Lamas, 6-27.
Foreign investment in United States
Gross Product of U.S. Affiliates of Foreign Companies. Ned G.
Howenstine. 1-28.
Travel
International Travel and Passenger Fares, 1978. Joan E. Bolyard.
6-23.
17. S. investment abroad
Capital Expenditures by Majority-Owned Foreign Affiliates of U.S.
Companies, 1979. William K. Chung. 3-32.
Sources and Uses of Funds of Majority-Owned Foreign Affiliates of
U.S. Companies, 1973-76. (Staff Paper Summary.) Ida May Mantel.
5-4.
REGIONAL
Personal income
County and Metropolitan Area Personal Income. Regional Economic Measurement Division. 4-25.
State Differences in Nonfarm Personal Income Growth in the
Current Business Cycle. Robert B. Bretzfelder, Howard L. Friedenberg. 4-23.
State Personal Income. 4-20.
Total Personal Income, States and Regions. 1-24.
Errata
Input-output errata for February 1979. 4-51.
U.S.
GOVERNMENT PRINTING OFFICE : 1979 0 - 294-398
SUEVEY OF CUERENT BUSINESS
68
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I I I
I I I
CURRENT BUSINESS STATISTICS
JL HE STATISTICS here update series published in the 1975 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
That volume (available from the Superintendent of Documents for $6.80) provides a description of each series, references
to sources of earlier figures, and historical data as follows: For all series, monthly or quarterly, 1971 through 1974 (1964-74 for major quarterly
series), annually, 1947-74; for selected series, monthly or quarterly, 1947-74 (where available). Series added or significantly revised after the 1975
BUSINESS STATISTICS went to press are indicated by an asterisk (*) and a dagger (f), respectively. Unless otherwise noted, revised monthly data
for periods not shown herein corresponding to revised annual data are available upon request.
The sources of the data are given in the 1975 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and
are also listed alphabetically on pages 187-88. Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data
from private sources are provided through the courtesy of the compilers, and are subject to their copyrights.
OF CURRENT BUSINESS.
1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1978
I
II
III
IV
I
II
1979
1978
1977
1976
III
I
IV
II
III
IV
Annual total
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL I N C O M E AND P R O D U C T !
Gross national product, totalf
.-.
bil.$__ 1,700.1
Personal consumption expenditures, total-.do
1,090.2
1,887.2 2,107.6 1,649. 7 1,685.4 1,715.6 1,749.8
, 806.8 1,867.0 1,916.8 1,958.1
, 992.0 2,087.5 2,136.1 2, 214. 8 2,267. 3
1,206.5 1,340.1 1,053. 8 1,075.1 1,098.4 1,133.7
, 167.7 1,188. 6 1,214.5 1,255.2
, 276.7 1,322.9
175.6
81.2
69.9
187.2
84.0
75.3
183.5
84.1
72.1
197.8
92.5
76.5
199.5
89.8
78.9
209.1
92.6
83.2
211.5
95.9
82.7
465.9
78.5
237.5
46.1
473.6
79.3
244 5
46.2
479.7
81.4
246.4
46.0
496.9
86.7
252.6
47.5
501.4
82.9
257.7
48.3
519.3
87.5
267.8
49.1
531.7
90.5
272.0
51.5
553.4
95.3
279.9
55.8
567.7
94.1
289.2
59.4
571.1
84.6
192.0
47.3
591.8
89.6
198.1
49.7
605.8
89.9
204.1
52.1
625.8
92.6
210.1
53.7
663.1
98.7
222.6
56.7
Durable goods, total 9
. do
Motor vehicles and parts
do.
Furniture and household equipment.. do_.
156.6
69.7
63.9
178.4
81.5
71.3
Nondurable goods, total 9
Clothing and shoes
Food
Gasoline and oil
do.
do..
do
do
442.8
75.7
225 8
42.8
479.0
81.5
245.2
46.5
do
do
do
do
491.0
72.8
166.4
37.9
549.2
81.6
184 6
44 2
c616.2
91.3
207 3
52 6
471.3
69.3
160.2
36.0
483.0
70.2
164.7
37.0
497.2
73.5
168.2
38.7
512.6
78.2
172.3
39.8
528.6
80.2
177.3
40.8
539.4
78.0
182.1
43.5
557.5
83.7
186.9
45.0
do
. .
162.8
72.6
66.5
173.2
81.3
68.0
444.5
76.1
227.4
43.0
458.3
78.5
232.3
45.1
152.2
67.7
61.9
154.7
69.1
63.0
156.7
69.5
64.2
430.3
73.8
219 4
41.4
437.4
74.2
223.9
41.9
, 356.9 1, 403. 9 1,442. 2
177.4
79.5
72.0
197.5
89.7
77.7
526.5
89.0
269.4
51.2
243.0
297.8
345.6
231.5
243.5
249.9
247.1
272.5
295.6
309.7
313.5
322.7
345.4
350.1
641.4
94.1
217.0
55.0
364.0
do
. ..do.
do
do
232.8
164.6
57.3
107.3
282 3
190.4
63 9
126 5
329 6
222.6
77 8
144 8
220.1
157.7
56.4
101.3
228.1
162.2
57.6
104.6
235.3
168.1
57.3
110.8
247.6
170.5
57.9
112.6
262.2
180.6
59.3
121.4
278.6
187.2
63.4
123.8
287.8
193.5
65.4
128.1
300.5
200.3
67.4
132.8
306.0
205.6
68.5
137.1
325.3
220.1
76.6
143.5
336. 5
227.5
80.9
146.6
350.5
237.1
85.1
152.0
350.5
244.0
85.8
158.3
Residential.
Change in business inventories
Nonfarm
do.
.do
do
68.2
10.2
12.2
91.9
15.6
15 0
107 0
16.0
16 7
62.4
11.4
12.7
65.9
15.4
18.8
67.3
14.5
15.2
77.1
-.6
2.2
81.6
10.3
11.1
91.4
17.0
16.5
94.3
21.9
22.0
100.2
13.1
10.4
100.3
16.7
16.9
105.3
20.1
22.1
109.0
13.6
14.6
113.4
13.5
13.4
111.1
15.3
16.5
Net exports of goods and services...
Exports
Imports
do
do
do
7.4
163.2
155.7
-11.1
175 5
186.6
-12.0
204 8
216 8
10.4
154.4
144.1
9.7
160.7
150.9
6.9
168.2
161.3
2.8
169.4
166.6
-8.5
170 9
179.4
-5.9
178 1
184.0
-7.0
180.8
187.8
-23.2
172.1
195.2
-24.1
181.7
205.8
-5.5
205.4
210.9
-10.7
210.1
220.8
Govt. purchases of goods and services, total.do
Federal
do
National defense
do
State and local..
do
359.5
129.9
86.8
229.6
394.0
145.1
94 3
248.9
433.9
153 8
99 5
280 2
354.0
127.1
85.9
226.9
357. 2
127.8
85.6
229.4
360.4
129.9
86.5
230.5
366.3
134.6
89 1
231.7
375.0
138.3
91.9
236.7
388.8
142.9
93.7
245.9
399.5
146.8
94.4
252.7
412.5
152.2
97.1
260.3
416.7
151.5
97.9
265.2
424.7
147.2
98.6
277.6
439.8
154.0
99.6
285.8
-7.6
221.9
229.5
454.5
162.5
102.1
292.0
-3.7
235.0
238.7
458.4
164.5
103.9
293.9
Services total 9
Houshold operation
Housing
Transportation . . .
Gross private domestic investment, total
Fixed investment
...
Nonresidential
Structures
Producers' durable equipment.
By major type of product: t
Final sales, total
Goods, total
Durable goods
Nondurable goods.
Services
Structures.
_.
Change in business inventories
Durable goods
Nondurable goods
do
do
do
do
do
do
1 689.9
760.3
304.6
455.7
778.0
161.9
do
do
do
10.2
15.6
5.3
4.9
8.4
7.2
1 871 6 2 091 6 1 638.3 1 670.1 1 701.0 1 750.4 1 796 5 1 850 0 1 894.9 1,945.0
800.2
859.6
844.7
741.9
758.0
768.1
772.9
832.6
825.8
918.4
347.4
312.4
332.2
315.6
339.1
346.5
288.6
301.8
341.3
376 8
512.2
456.2
498.2
453.4
455.7
457.3
486.7
491.3
468.0
541.7
893.6
749.7
875.3
862.8
766.9
787.1
808.1 832 3 850 0
962 5
204.9
158.1
160.3
160.5
168.7
174.3
191.3
196.8
191.8
226 7
16 0
11 7
4.3
11.4
15.4
14.5
11.3
6.5
8.9
9.3
5.3
.1
-.6
5.2
-5.8
10.3
17.0
6.1
4.2
9.1
7.9
21.9
11.9
10.0
13.1
6.3
6.8
370.4
, 975. 3 2 067.4 2,122.5 2, 201. 3 2, 252. 0
999.3
972.5
927.3
861.8
912.2
424.8
400.1
380.1
351.2
375.8
575.0
572.4
547.2
510.6
536.4
997.7 1,028. 9
973.7
926.4
952.0
235.0
244.7
239.1
203.8
223.4
15.3
13.5
13.6
16.7
20.1
14.8
10.2
10.8
10.8
18.5
3.4
2.7
1.9
9.3
—3.2
GNP in constant (1972) dollarsf
Gross national product, totalf
bil.$__ 1,271.0
Personal consumption expenditures, total..do
Durable goods
Nondurable goods
Services
819.4
1,332.7 1, 385. 7 1,255.5 1,268.0 1,276.5 1,284.0 1,306.7 1,325.5 1, 343.9 1,354.5 1,354.2
873.5
836.2
876.6
858.0
806.3
814.0
820.9
846.6
849.5
857.7
891.7
do
do
do
125.9
320.2
373.2
137 8
330.4
389 5
144 C
339. 6
407 4
124.8
314.6
366.9
125.2
318.2
370.6
125.3
320.5
375.1
128.5
327.7
380.0
134.9
327.1
384.6
136.2
327.2
386.0
136.9
329.2
391.8
143.0
338.1
395.6
Gross private domestic investment, total...do
173.4
196.3
210.6
168.5
174.7
177.1
173.4
186.1
197.1
201.7
200.3
Fixed investment
Nonresidential
Residential
Change in business inventories
do
do
do
...do
166.8
118.9
47.8
N et exports of goods and services
do
15.4
Govt. purchases of goods and services, total do
Federal
do
State and local
do
262.8
96.6
166.2
269.2
101 6
167.6
6.7
161.0
115.5
45.5
8.9
200 1
140 2
59 8
10.6
9.5
8.4
275.0
100 3
174.7
187 4
129 8
57 7
'Revised
J» Preliminary.
tRevised series. Estimates of national income and product
and personal income have been revised back to 1973 (see p. 16 ff. of the July 1977 SURVEY and
294-398 O - 79 - SI
210.4
213.4
215.3
200.4
140.5
59.9
12.7
201.4
141.7
59.7
205.2
144.9
60.3
5.8
7.5
11.2
11.0
12.5
3.1
2.9
11.3
9.2
10.2
262.8
98.7
164.1
267.9
101.3
166.6
271.7
102.9
168.8
274.5
103.6
170.9
272.1
101.2
170.8
271.9
97.1
174.8
276.7
100.4
176.3
279.4
102.5
176.9
276.4
102.0
174.4
262.5
96.8
165.7
261.3
97.5
163.8
263.2
95.9
167.3
148.7
345.3
419.5
204.7
146.7
58.0
10.6
12.5
13.1
264.3
96.2
168.1
150.1
348.5
413.1
192.8
132.5
60.3
9.3
16.1
144.8
340.4
410.0
189.5
130.8
58.8
12.2
16.1
7.5
16.5
145.8
336.3
404.2
213.1
187.1
129.1
58.0
10.0
180.3
126.8
53.5
167.8
121.0
46.8
137.8
333.3
402.4
205.7
193.4
133.8
59.5
12.3
173.6
121.4
52.3
2
164.6
117.8
46.8
10.1
1,382.6 1,391.4 1, 414. 7 1,417. 6
913.5
886.3
911.8
895.1
9.0
8.2
p. 24 ff. of the July 1978 SURVEY); revisions prior to May 1977 for personal income appear on
p. 36 of the July 1978 SURVEY.
9 Includes data for items not shown separately.
« Corrected.
ci i
UUliKHiJN .L 15 U
S-2
1977
1976
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of B U S I N E S S STATISTICS
III
Annual total
1977
1976
1978
June 1979
IV
I
II
1978
III
IV
I
1979
III
II
IV
I r
II
III
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCTf— Con.
Quarterly Data Seasonally Adjusted
Implicit price deflators:!
Gross national product
Index, 1972=100 .
Personal consumption expenditures
d o do .
Durable goods
do....
Nondurable goods
do....
Services
Gross private domestic investment:
do .
Fixed investment
do
Nonrosidential
do—1
Residential
- -G ovt purchases of goods and services
do . .
Federal
-- . d o do State and local
1
133. 76
133.1
124.4
138.2
131. 6
141.61
140.7
129.5
145.0
141.0
152.09
150.3
136. 5
155.0
151.2
139. 6
138.4
142.5
150.6
146.7
159.4
164.7
158.7
178.8
136.8
134.4
138.1
146.3
142.7
148.5
157.8
153.3
160.4
136. 28
135.6
126. 8
139.9
134.9
138. 27
137.9
128.4
142.4
137.4
140. 86
139.9
128.9
144.7
139.7
142. 63
141.6
129.5
145.7
142.3
144. 56
143.2
130.9
147.0
144.4
147.10
146.2
133.1
150.4
147.1
150.98
149.3
135 7
154.4
149.9
153.52
151.6
137.3
156.2
152.6
156.56
154.0
139.3
158.8
155.2
159. 94
157.9
142.2 !
164.4
158.1 i
140.3
138.9
143.8 j
142. 6
140.5
147.6
145.4
142.5
152.3
148.9
145.0
157.6
151.9
147.9
160.6
155.9
151.2
166.1
158.2
153.6
168.6
162.2
156.7
175.7
167 1
160 6
182.6
170.8
163. 7
188.2
173.5 .'
166.4
185.9
137.3 '
134.2
139.1
140.2
138.0
141.5
142.7
140.1
144.3
145.1
141.1
147.6
147.1
142.7
149.7
150.3
146. 9
152 3
153.2
149. 6
155 2
156. 2
151.5
158.8
158 9
153.4
162 1
162.7
158.5
165.1
165.9
161.3
168.5
134. 39
133. 8
125.0
138.7
132.5
Quarterly Data Seasonally Adjusted at Annual Rates
National income, totalf--
-
Compensation of employees, total.
Wages and salaries, total
Govt. and govt. enterprises
Other
Supplements to wages and salaries
bil. $.. 1,359.2
1, 515. 3
,703.8
,372.1 1,397.0
,447.5
, 499. 3
,537.6
, 576. 9
,603.1
1,688.1
1,728.4
, 795.6
,838.7
1,036.8
890.1
187.6
702.5
146.7
1,153.4
983.6
200.8
782.9
169.8
, 301.4
, 101. 0
216.1
884.8
200.5
,046.1 ; 1,073. 3
897.3 | 919.9
188.1
192. 6
709.2
727.2
148.8
153.4
, 107. 9
946.4
195.2
751.2
161.5
, 140. 5
973.4
198.1
775.3
167.1
, 165. 8
993. 6
201.7
791.9
172.2
, 199. 7
,021.2
208.1
813.1
178.4
, 241.0
,050.8
211.4
839.3
190.2
1,287.8
1,090.2
213.9
876.3
197.6
1,317.1
1,113.4
216.8
896.6
203.6
, 359. 8
, 149. 4
222.3
927.1
210.4
,406.6
, 185.1
225.1
960.1
221.5
88.6
18.4
70.2
99.8
20.2
79.5
113.2
25.3
87.8
87.4
16.9
70.5
89.5
16. 3
73.2
95.6
19.4
76.1
98.9
20.0
78.9
97.2
16.5
80.8
107.3
25.1
82.3
105.0
21.9
83.1
110.1
24.0
86.1
114.5
25.0
89.6
123.0
30.4
92.6
123.4
30.6
92.9
22.5
22.5
23.4
22.4
22.8
22.5
22.4
22.4
22.7
22.8
22.2
24.3
24.4
24.7
127.0
144.2
159.5
130.0
122.5
129.9
143.7
154.8
148.2
132.6
163.4
165.2
176.6
168.7
133.2
17.5
115.6
65 6
28.1
149.5
20.9
128.6
74.7
35.1
167.7
25.1
142 6
85 0
43 2
136. 3
18.3
118.0
65.9
28.5
128.7
19.1
109.7
61 9
26 9
134.8
19.7
115.1
66 4
29 9
148.1
19.9
128.1
77.4
37.2
159.5
21.9
137.6
74 7
34 2
155.6
21.9
133.7
80.2
39.1
139.2
22.7
116 6
69 8
32 8
168.9
24.3
144.6
87.8
46.1
175.4
26.0
149.4
87.1
44.6
187.4
27.6
159.8
95 2
49.2
178.0
26.4
151.0
97.1
48.9
13 7
8.2
16.1
9.6
19 5
9 8
14 9
8.2
13 3
8 2
15 4
9 7
14.5
10.4
17 5
10 3
17 1
7.9
17 3
9 4
19.3
11.7
20.7
9.1
20 8
9.1
20.9
11.4
do
155.9
64.3
91.7
37.9
53.8
173.9
71.8
102.1
43.7
58.4
202.0
83.9
118.2
49.3
68.8
157. 8
64.7
93.1
38.4
54.7
154,6
62.4
92.2
41.4
50.8
164.8
68.3
96.5
41.5
55.0
175.1
72.3
102.8
42.7
60.1
177.5
72.8
104.8
44.1
60.6
178.3
73.9
104.4
46.3
58.1
172.1
70.0
102.1
47.0
55.1
205.5
85.0
120.5
48.1
72.4
205.4
86.2
119.2
50.1
69.2
224.9
94.4
130.5
51.9
78.6
229.8
90.2
139.7
54.0
85.7
do
do
rlo
-14.5
-14.4
84.3
-14.8
-14.9
95.4
—24 4
-18.1
106.3
—13.3
-14.5
86.2
—17.6
-14.5
88.9
—20.3
-14. 6
91.7
—16.6
-14.8
93.7
—7.7
-15.0
97.3
-14.8
-15. 3
99.0
—23 5
-16.1
101.7
-24.9
-17.2
104.6
-20.9
-19.3
107.4
-28.4
-19.9
111.4
-40.4
-20.7
115.2
1,682.4
249.1
1,433.3
1,357.0
76.3
1,731.7 1, 789. 0 1,836.0
272.8
263.2
275.1
1,468.4 1,513.9 1, 563. 3
1,392.5 1,440.9 1,480. 2
76.0
83.1
73.0
do
do
.do
.
do
do __
Proprietors' income with inventory valuation
and capital consumption adjustments,
total
_.bil. $ .
.doFarm
do
Nonfarm
Rental income of persons with capital consumption adiustment
bil. $
Corp. profits with inventory valuation and capital consumption adjustments, total
bil. $.
Corp. profits with invent, val. adj.:
Domestic total
do
do . .
Financial
do
Nonfinancial total 9
do
M'smifacturinc total 9
do
Durable poods
Transportation,
communication, and
electric °ras and sanitarv serv
do
Rest of the world
Profits before tax total
Profits tax liabilitv
Profits after tax
Dividends
TTndistriVnitfid profits
do
do
do
do
Net interest
DISPOSITION OF PERSONAL INCOMEf
do
do
do
do
EoiiflJs' DisnosflWf* Dprsonal income
Less* Personal ontlavsffi
Eduals* Personal savings
1 380.9
196.5
1,184.4
1,116.3
68.0
1 529.0 1 708 0 1 392 8 1 430 5 1 470 7 1 508 6 1 543 7 1, 593. 0 1 628 9
226.0
233.3
223.3
256 2
200.0
224 6
209 0
237 3
222 7
1, 303. 0 1 451.8 1,192.8 1 221 5 1 248 0 1,285. 3 1,319.1 1,359.6 1 391 6
1, 236.1 1,374. 9 1,124. 8 1 160 9 1 195 8 1,217.8 1,244 8 1,285.9 1 309 2
73.7
66.9
76.9
67.5
74.3
82.4
68.1
52.2
60.7
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
.
M anufactur i ng
Durable goods industries^
Nondurable gcods industries^
Nonmanufacturing
Mining
. _
Railroad
Air transportation
Other transportation
Public utilities
Electric . . .
Gas and other..
C om mun i cati on
Commercial and other
135.80
60.16
27.77
32.39
153 82
67 6 9
31.66
35.96
30.41
13.48
6.02
7.46
34.52
15.38
7.27
8.12
29.20
12.52
5.80
6.72
33.73
14.84
6.79
8.06
34.82
15.60
7.17
8.43
38.06
17.19
8.00
9.18
32.35
13.67
6.36
7.31
37.89
16.76
7.79
8.97
38.67
16.89
7.97
8.92
44.91
20.30
9. 53
10.77
37.41 ri42 79
15.88
19 04
7.53
9.09
8.35
9.95
do
.dodo
.do .
.do....
68.01
4.00
2.52
1.30
3.63
75.64
4.50
2.80
1.62
2.51
86 19
4.78
3 32
2 30
2.43
16.93
1.04
.64
.26
.95
19.14
1.05
.70
.35
.94
16.68
1.02
.59
.33
.61
18.88
1.16
.67
.43
.76
19.21
1.17
.78
.39
.50
20.87
1.15
.76
.46
.63
18.68
1.07
.71
.52
.51
21.13
1.22
.83
.60
.60
21.78
1.24
.84
.54
.62
24.61
1.26
94
.64
.71
21.53
1.31
.85
.65
.57
23 75
1.36
73
85
.78
23.56
1.27
.97
.64
.75
do ..
.do—
22.28
18.80
3.47
13.30
20.99
25.80
21.59
4.21
15 45
22.97
99 48
24.79
4.70
18 16
25.71
5.52
4.54
.98
3.33
5.19
6.46
5.34
1.12
3.84
5.78
5.55
4.78
.77
3.30
5.27
6.37
5.34
1.03
3.86
5.64
6.61
5.41
1.20
4.03
5.73
7.28
6.06
1.21
4.26
6.33
6.15
5.27
.88
3.97
5.76
7.14
6.01
1.13
4.56
6.18
7.43
6.11
1.32
4.68
6.43
8 78
7.40
1.37
4 96
7.34
7.16
6.30
.86
4.36
6.64
8 13
6.96
1.17
8.21
6.86
1.35
'-211.89
122.55
54.78
24.59
30.20
125. 22
54.44
25.50
28.93
130.16
56.43
26.30
30.13
134.24
59.46
27.26
32.19
140. 38
63.02
29.23
33.79
138.11
61.41
28.19
33.22
144. 25
61.57
28.72
32.86
150.76
67.20
31.40
35.80
155.41
67.75
32.25
35.50
163. 96
73.24
33.99
39.26
165. 94
71.56
34.00
37.56
170.30
76.35
36.60
39.75
174.74
79.89
38.09
41.80
67.76
4.21
2.69
1.12
3.44
70.78
4.13
2.63
1.41
3.49
73.74
4.24
2.71
1.62
2.96
74.78
4.49
2.57
1.43
2.96
77.36
4.74
3.20
1.69
1.96
76.70
4.50
2.80
1.76
2.32
82.68
4.45
3.35
2.67
2.44
83.56
4.81
3.09
2.08
2.23
87.66
4.99
3.38
2.20
2.47
90.71
4.98
3.49
2.39
2.55
94.38
5.46
4.02
3.35
2.71
93.95
5.40
2.76
2.92
2.93
94.85
5.11
3.89
2.60
3.01
21.67
18.22
3.45
13.64
20.99
23.46
19.49
3.96
14.30
21.36
25.35
21.19
4.16
14.19
22.67
25.29
21.14
4.16
15.32
22.73
26.22
21.90
4.32
16.40
23.14
26.23
22.05
4.18
15.82
23.27
27.92
23.15
4.78
17.07
24.76
28.46
23.83
4.62
18.18
24.71
29.62
24.92
4.70
18.90
26.09
31.73
26.95
4 78
18.46
27.12
32.79
32.42
32.35
27.96
27.63
27.70
4.83
4.66
4.79
18.75
27.73 r 2 47. 51 '2 47.45
do
_do
do
. .dodo
.do.. .
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries^
Nondurable goods industries^
Nonmanufacturing
Mining
Railroad
.
Air transportation.. _
Other transportation
Public utilities
Electric
Gas and other. .
Communication
Commercial and other
120.49
52.48
23.68
28.81
. bil. $ .
..do—
..do....
..do....
..do....
..do....
-dodo
..do
-do—
...
. do
..do....
do
do
-do—
r
Revised.
v Preliminary.
1 Estimates (corrected for systematic biases) for Apr.June 1979 and Jul.-Sept. 1979 based on expected capital expenditures of business.
Expected
2
expenditures for the year 1979 appear on p. 19 of the June 1979 SURVEY.
Includes communication,
f See corresponding note on p. S-l.
9 Includes data for items not shown
separately.
®Personal outlays comprise personal consumption expenditures, interest paid
1 43.48
19.92
9.43
10.50
2 11.72
by consumers to business, and personal transfer payments to foreigners (net).
§Personal saving is excess of disposable income over personal outlays.
lIData for individual durable and nondurable goods industries components appear in the
Mar., June, Sept., and Dec. issues of the SURVEY.
SURVEY OF CURRENT BUSINESS
June 1979
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1976 r
1977'
1978 '
Annual total
S-3
1976 '
I
II
1978 r
1977"
III
IV
I
II
III
IV
I
II
1979 *
IV
I
54,225 56,222
35, 267 36,491
61,317
39,315
64,399
41,350
1,990
10,256
6,712
1,709
12,907
7,386
1,847
13,877
7,325
III
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. INTERNATIONAL TRANSACTIONS
Quarterly Data Are Seasonally Adjusted
(Credits -f; debits - )
Exports of poods and services (excl. transfers under
military grants)
mil. $.. 171,761
114,745
Merchandise, adjusted, excl. military
do
Transfers under U.S. military agency sales con1 racts
mil. $.. 5,574
29,286
Receipts of income on U.S. assets abroad.-.do
Other services. _
d o — 22,156
Imporis of poods and services
do
Merchandise, adjusted, excl. military
do
Direct defense expenditures
do
Payments of income on foreign assets in the
U.S
mil. $..
Other services
do
184,592 220,849
120,816 141,884
7,441
32,587
23,750
7,744
43,465
27,758
40,470 42,500
27,011 28,4C9
1,198
7,031
5,230
1,216
7,371
5,504
44,292 44,500 44,850
29, 607 29, 718 29,518
1,551
7,429
5,705
1,609
7,455
5,718
1,854
7, 775
5,703
U.S. assets abroad, net
do.
U.S. official reserve, net
do.
U.S. Gov't, other than official reserve, net—do..
U.S. private, net
do.
Direct, investment abroad
do.
-51,269 -35,793 -60,957 -12,364 -11,701
-2,558
-375
-777 -1,580
732
-914
-4,214 -3,693 -4,656
-749
-44,498 -31,725 -57,033 -10,838 -9,207
-11,949 -12,898 -16,670 -3,923 -2,017
Foreign assets in the U.S., net
Foreign official, net
Other foreign, net
Direct investment in iheU.S
do.
do.
do.
do.
-36,399
17,573
18,826
4,347
50,823
36,656
14,167
3,728
63, 713
33,758
29, 956
6,294
7,468
3,698
3,770
1,471
3,972
3,914
1,086
8,767
2,905
5,862
999
12,278
6,998
5,280
790
2,596
5,491
-2,895
Allocations of special drawing rights
Statistica 1 discrepancy
Memoranda:
do.
do.
10,265
-937
11,139
3,153
1,645
1,483
3,986
2,523
-2,813 -3,597
1,363
2,302
891
1,843
324
-7,667
-2,320
-2,810
-3,436
-4,670 -5,086
— 2 , 775 -3,152
-1,895 -1,934
-1,024
-548
-476
-1,000
-556
-444
9,306 -30,873 -34,187 -1,341 -1,555
2,767 3,170
9,603 -9,423 -8,809
7,752 -11,317 -10,743 2, 291 2,726
4,605 -14,092 -13,895 1,743 2,170
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
(he 1975 edition of B U S I N E S S STATISTICS
1,877
8,420
6,042
1,860
8,312
6,098
49,085
30,811
1,924
9,776
6,574
2,120
10,526
7,085
-13,311 -14,598 -21,820 -3,405 -3,332 -3,293 -3,281 -3,192 -3,519 - 3 , 686 - 4 , 2 0 1 -4,537 -5,402 -5,574 -6,308 - 7 , 1 0 1
-19, 896 -21, 967 -24,517 - 4 , 790 - 4 , 815 -5,040 -5,253 -5,448 - 5 , 485 -5,404 -5,634 -5,866 -6,009 -6,266 -6,376 - 6 , 3 9 2
-4,998
-3,146
-1,851
on merchandise trade
do.
on goods and services
do.
on goods, services, and remittances..do.
on current account
do.
1,851
8,080
5,908
46,897 45,935
30, 558 29,665
-162,159 -194,015 -229,658 -37, 703 -39,330 -41,990 -43,137 -47,170 -48,087 -48,556 -50,20' -54, 792 -56,338 -58, 216 -60,316 -62,913
-124,051 -151,689 -176,071 -28,352 -29,964 -32,420 -33,315 -37,185 -37,639 -37,996 -38,869 -42, 710 -43,174 -44,503 -45,684 -47,448
-4,900 -5,762 -7,252 -1,156 -1,219 -1,237 -1,288 -1,345 -1,444 - 1 , 470 - 1 , 5 0 3 - 1 , 680 - 1 , 753 -1,873 -1,948 - 1 , 9 7 2
Unilateral transfers (excl. military grants), net
mil.$..
U.S. Government grants (excl. military)...do
Other
do
BaJance
Balance
Balance
Balance
46,914
31,075
1977
-1,934 -1,039
-567
-1,475
-472
-459
-10,618
-408
-1,428
-8, 782
-3,327
-16,588 -1,680 -12,272 - 6 , 625 -15,213 -15,188 -5,466 -10,049 -30,254 - 6 , 1 5 8
207
-420
112
-24
-43
187
248
182 - 3 , 5 8 9
115
-1,124 -1,062
-885 - 1 , 0 0 1
-746 -1,009 -1,263 -1,390
-994 -1,C96
-15, 671 -201 -11,363 - 5 , 736 -14,424 -14,366 -4,451 -8, 774 -29,442 - 1 , 4 7 3
-2,682 -2,365 -3,873 -3,090 -3,570 -4,856
4,386 -2,782 -4,646 - 6 , 2 5 3
14,236
8,266
5,970
1,023
19,991
15,179
4,812
761
726 - 4 , 703
517
-7,438
-1,659
-2,134
-2,908
-9,204
-4,272
-4,731
-5,295
14,002
7,720
6,282
965
-6,564
-1,173
-1,645
-2,456
941
18,175
15,618 - 5 , 265
2,557 6,206
1,130 1,877
3,947
-11,899
-5,707
-6,170
-6,935
Apr.
May
June
July
Aug.
15,358 29,239
4,343
4,641 18,764 - 8 , 4 9 0
10, 717 10,475 12,832
1,008
2,280
1,332
7,950 - 2 , 082
-7,907
-2,113
-2,599
-3,426
1978
1978
Annual
-1,116 -1, 283 - 1 , 249 -1,023 -1,228 -1,313 -1,233 -1,314 - 1 , 3 2 9
-626
-811
-765
-564
-770
-790
-804
-827
-490
-472
-463
-459
-463
-524
-475
-525
-486
-8,012
-1,994
-2,457
-3,227
1,328
1,139
519
-6,369 - 6 , 0 9 8
1,001
1,486
477
961
-313
157
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May*
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME BY SOURCE!
Seasonally adjusted, at annual rates:f
Total personal income
bil. $.
1,529.0
Wage and salary disbursements, total
do
Commodity-producing industries, totaLdo....
Manufacturing
do
Dist ributive industries..
do
983.6
343.7
266.3
239.1
Service industries
Govt. and govt. enterprises
Other labor income
Proprietors' incomerA
Farm
Nonfarm
do
do
do
200.1
200.8
90.4
..do
do
20.2
79.5
Rental income of persons with capital consumption adj ustment
bil. $..
22.5
Dividends
do
43.7
Personal interest income
do
141.2
Transfer payments
do
208.8
Less: Personal contributions for social insurance
bil. $ . .
61.0
Total nonfarm income
do
1,494.4
1,708.0 1,669.4 1,682.1 1,695.7 1,719.2 1, 731.1 1, 744.7
1,098.4 1,108.2 1,111.3 1,120.1
390.9
395.7
398.2
395.4
298.1
303.6
301.0
301.6
268.3
274.1
271.0
269.8
1,768.7 1,786.6 1,811.6 1,819.0 1,833.3 1,855. 8 -1,863.3 1,876.5
1,149.3 1,161.4
417.7
411.7
319.5
315.8
283.7
279.7
1,173.0
420.2
323.2
287.6
1,183.7 1,199.2 1,201.1 1,208.2
426.5
436.5
433.7 r 431. 8
330.8
327.3
330.8 * 329.1
295.5
290.0 r 293.5 r 294. 0
1,100.9 1,083.9
390.2 383.9
299.9
294.3
268.9
264.9
1,088.4
386.2
295.9
266.1
225.8
216.1
105.9
222.2
213.0
102.7
222.0
213.9
104.0
224.3
214.9
105.4
227.2
215.8
106.7
228.0
216.7
107.9
230.3
217.5
109.1
234.2
221.0
110.4
235.4
222.4
111.8
236.5
223.5
113.1
25.3
87.8
22.0
85.5
24.8
86.1
25.3
86.7
24.0
88.4
24.9
90.1
26.0
90.2
27.4
92.0
29.0
92.6
34.9
93.3
31.0
92.6
30.5
92.7
30.3
'93.2
23.4
49.3
159.0
226.0
22.3
47.4
154.8
219.7
22.1
48.0
156.5
221.3
22.1
49.0
157.6
220.8
24.3
49.2
159.6
229.0
24.3
50.3
161.9
230.8
24.2
50.7
163.6
231.5
24.3
51.3
165.1
232.2
24.4
51.8
166.1
233.6
24.4
52.6
168.5
235.9
24.5
53.6
170.1
237.8
24.7
54.2
172.5
238.0
24.8
54.2
• 175.2
• 241.1
69.6
70.4
70.3
70.8
1,654.7 1,679.0 1,690.3 1, 702. 6
71.6
1,725.1
72.6
72.0
1,741.3 1,760.3
78.2
1,771.2
69.7
1,666.9
69.0
68.9
1,631.9 1,641.8
1,137.5
404.5
308.8
277.8
240.4 r 242.2 r 246.2 r 248. 5
225.0
226.8
224.8
225.9
118.6
115.9
117.3
114.5
248.5
227.7
120.0
'30.4
"93.6
30.6
93.7
"23.8
54.4
24.8
55.1
178.1
245.3
• 177.4
243.5
80.0
78.7
79.6
1,785.7 1,808.2 1,815.4 1,828. 2
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments, totaltmil. $..
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
Indexes of cash receipts from marketings and CCC
loans, unadjusted:*
All commodities
1967=100
Crops
do....
Livestock and products
do
96,889
7,377
7,730
8,403
7,417
8,048
10,457
13, 224
12,497
14,338
P5,025
47,572
47,453
M l , 782
27,009
'7,207
7,079
2,429
4,750
1,076
2,883
640
7,580
2,686
4,794
1,108
3,161
571
8,339
3,571
4,768
1,046
2,973
697
7,342
3,680
3,662
1,058
1,764
791
7,991
3,257
4,734
1,051
2,910
728
10, 229
5,414
4,815
1,011
3,160
556
12,949
7,299
5,650
1,016
3,924
666
12,326
6,992
5,333
1,043
3,527
709
13,450
5,184
5,223
1,117
3,310
732
222
258
195
199
156
232
217
181
244
235
232
235
206
240
180
254
282
233
262
293
258
360
468
278
345
455
262
292
338
257
Indexes of volume of farm marketings, unadjusted:*
All commodities
1967=100..
124
110
102
96
Crops
do
138
113
75
86
Livestock and products
do
113
109
111
113
r
Revised.
v Preliminary.
i Reported annual total; revisions are not reflected in the
monthly data.
'Less than $500,000(±).
|See corresponding note on.p. S-l.
Alncludes inventory valuation and capital consumption adjustments.
iSeries revised begin-
8,913
10,123
9,412
' 10, 471 r 8,822
»• 4,827 r 3,747
••5,644 ' 5,075
1,190
1,086
r 3,626
3,240
701
•"791
10,019
4,285
5,734
1,225
3,662
805
9,100
3,400
5,700
1,200
3,700
750
281
279
282
256
225
279
10,596
••293
••314
••278
••247
'244
250
103
111
'129
165
'101
172
113
127
129
134
103
122
••156
232
'109
149
239
124
150
167
103
104
95
'110
114
117
104
124
110
110
ning 1973; revisions for periods prior to May 1976 are available from the U.S. Dept. of Agr.,
Economic Research Service.
9 Includes data for items not shown separately.
SURVEY OF CURRENT BUSINESS
S-4
1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1978
1978
Apr.
Annual
June 1979
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr. p
May i
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTIONS
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
1967=100
137.1
145.2
144.2
144.2
148.8
141.9
146.9
152.0
152.6
149.7
146.0
146.1 ' 151.6 ' 153.1
151.1
152.4
do
._ _ do
do
do
do .
do
do
do
137.1
134.9
143.4
153.1
139.6
123.2
145.1
136.9
144.3
141.4
147.4
158.9
142.8
133.1
155.3
146.5
143.2
140.7
148.4
169. 7
140.0
130.1
152.6
146.1
142.1
138.9
145.2
163.7
137.7
130.4
153.8
147.0
148.2
145.1
152.1
167.6
146.0
135.6
159.9
149.7
141.7
138.2
142.5
143.9
142.0
132.2
154.8
142.2
147.0
143.4
149.7
146.7
150.9
134.6
160.3
146.8
153.3
150.6
158.4
166.1
155.3
139.7
163.4
149.8
152.4
149.5
156.8
173.7
150.1
139.5
163.1
152.9
147.9
144.5
149.0
164.2
142.9
138.4
160.6
152.7
142.6
139.4
141.0
150.0
137.5
137.0
154.5
151.1
143.7
141.3
144.8
154.9
140.8
136.5
152.8
149.9
' 149.4 ' 150.7
' 146. 6 ' 147.9
' 150.9 ' 152.3
166.5 ' 169. 5
'144.6 ' 145.4
' 140. 8 ' 141.8
' 160. 0 ' 161.1
' 154. 9 156.7
148.5
144.7
148.5
157.7
144.8
139.4
162.5
155.2
149.8
146.0
149.7
165.1
143.5
140.9
163.8
156.4
...do
136.2
141.6
137.0
136.4
142.4
145.5
147.2
144.5
141.4
141.2
145.4
149.5 '148.2
'142.8
139.9
139.1
. d o
. do
do
137.1
148.1
129.5
145.7
154.8
139.3
145.1
153.3
139.5
145.1
153.5
139.2
149.7
159.3
143.0
141.2
150.3
135.1
146.9
160.3
137.7
153.0
164.2
145.3
154.1
163.7
147.5
151.1
159.4
145.2
146.1
151.7
142.1
145.7 ' 152.1 ' 154.3
152.1 '158 6 ' 160.8
141.3
147.5 ' 149.8
152.4
161.1
146.3
154.1
161.2
149.1
137.1
145.2
143.2
143.9
144.9
146.1
147.1
147.8
148.7
149.6
150.9
150.9
'151.2
' 152.3
150.2
152.1
.
137.1
134.9
143.4
144.3
141.4
147.4
143.0
140.5
147.5
143.1
140.5
147.0
144.0
141.1
147.0
145.0
142.2
147.7
146.2
143.3
148.4
146.5
143.7
149.0
147.0
144.1
149.2
147.7
144.5
149.7
149.1
145.6
150.6
149.4
145.9
150.6
' 150. 2 '151.0
' 146.5 ' 147.7
' 151. 0 ' 152.4
148.5
145.1
148.6
150.5
147.4
151.3
do .
do
do
do
do
153.1
174.2
169.2
148.4
186.8
158.9
178.6
172.5
148.5
194.0
161.8
184.3
182.7
159.1
188.2
160.2
180.0
175.6
151.6
191.5
160.6
179.9
174.3
149.8
193.9
160.9
182.2
176.7
152.7
196.1
161.5
182.1
175.6
151.1
198.0
160.3
178.3
170.0
144.4
199.8
161.6
185.6
180.5
154.2
199.1
161.8
189.0
185.0
159.7
199.0
161.9
185.1
179.3
151.8
200.1
161.3 ' 163. 5
160.9
181.3 '179.0 ' 186.6
173.4
170.7
180.1
145.9
144.9
153.7
201.8 '200,2 ' 202.8
151.7
161.3
147.4
128.6
197.0
161.0
183.5
177.6
153.1
198.0
141.3
127.3
152.2
147.8
132.5
164.3
149.2
142.2
158.9
148.9
138.3
163.4
149.7
139.0
166.0
148.9
133.7
168.5
150.0
133.9
167.9
150.2
134.4
169.0
148.2
128.7
168.0
146.5
123.4
164.9
148.9
129.1
166.8
149.5
125.9
170.8
151.3 ' 150.5
130.4 ' 127.6
172.9 ' 174.1
146.2
115.0
171.8
148.4
121.0
do
do
do
do
do .
139.6
125.2
143. 6
135. 5
152. 9
142.8
125.5
147.6
140.1
156.2
141.8
124.9
146.6
140.8
153.3
141.7
125.4
146.2
139.9
153.4
141.6
124.8
146.3
139.0
154.8
142.4
125.1
147.3
140.2
155.5
143.1
126.6
147.8
140.8
155.9
144.4
128.9
148.8
141.2
157.4
144.3
128.3
148.8
140.4
158.5
144.8
129.0
149.2
141.0
158.8
146.2
130.1
150.6
143.0
159.6
146.5 ' 146.8 ' 147.9
130.1
151.0 ' 151.3 ' 152.5
142.1
142.6 ' 145.5
161.3 ' 161.6 ' 160.4
147.4
147.5
152.3
144.7
161.2
152.2
Equipment
do
Business equipment
do
Industrial equipment 9-. . do .
Building and mining equipment-do
M anufacturing equipment
do
123.2
149.2
138.5
202.5
113.9
133.1
162.0
149.9
223.4
121.9
130.8
159.3
147.8
225.1
119.0
131. 6
160.2
149.7
226.0
121.3
133.0
161.8
150.9
227.3
122.8
134.7
163.8
151.9
228.9
122.6
136.3
165.4
152.8
228.1
123.9
136.4
165.8
152.7
226.3
124.4
137.0
166.9
152.9
226.5
125.0
137.3
167.2
151.8
223.8
124.2
138.7
168.7
152.2
222.3
124.7
139.5
169.7
154.7
222.3
127.9
141. 4
172.1
156.3
223.0
129.5
140.4
170.5
155.3
223.2
128.7
142.0
172.7
156.4
223.7
129.5
Commercial, transit, farm eq. 9-..do
Commercial equipment
do
Transit equipment
. _ _ _ do _
161.6
191.6
117.8
172.6
203.8
133.7
172.3
204.2
132.2
177.5
210.6
134.9
179.9
212.2
138.5
182.9
215.1
142.6
187.8
217.1
151.0
87.9
187.1
187.4 ' 190.4
218.1
218.8 '221.5
148.2 ' 145.7
149.4
88.7
89.1 '89.5
188.1
221.5
143.3
191.6
222.8
151.6
Total index
.
By market groupings:
Products, total . . .
Final products.
Consumer goods
Durable consumer goods
Nondurable consumer goods
Equipment
Intermediate products. _.
Materials
B y industry groupings:
Mining and utilities
Manufacturing Nondurable manufactures..
Durable manufactures
.
Seasonally Adjusted
Total index
1967=100
By market groupings:
Products, total .
Final products
Consumer goods
.
do
do
do
Durable consumer goods.
Automotive products
Autos and utility vehicles
Autos
Auto parts and allied goods
Home goods
do
Appliances, air cond., and TV._.do
Carpeting and furniture..
do
Nondurable consumer goods
Clothing
Consumer staples
Consumer foods and tobacco
Nonfood staples..
do
79.6
176.0
208.6
133.8
84.5
82.9
83.6
174.4
206.9
132.3
84.6
85.9
87.1
180.8
214.1
138.6
87.1
86.7
184.9
214.9
147.5
87.2
do
...do
...do
145.1
140.8
149 5
155.3
153.3
157.3
152.1
148.5
155 6
152.6
150.4
155 0
154.7
152.1
157 0
155.6
153.5
157 6
156.4
154.7
158 2
157.0
155.6
158.4
158.0
157.0
159 2
159.3
159.0
159 9
do
do
_ . ..do. . .
do .
do
do. .
do
136.9
134. 5
132.0
143.1
153. 5
158. 3
122.4
146.5
146.9
140.3
159.1
162.9
167.9
125.2
143.7
142.7
136.8
154.8
162.0
166.4
123.9
145.1
143.9
137.9
155.8
163.5
167.9
125.2
146.4
145.4
138.7
157.4
164.1
168.8
127.5
147.9
148.7
142.0
161.7
162.5
168.3
127.9
148.6
150.4
142.2
162.9
162.7
167.0
127.0
149.7
152.1
144.8
164.6
164.4
170.0
126.0
151.4
154.0
147.3
166.0
165.7
171.0
128.0
152.7
154.9
147.4
167.6
167.8
173.3
128.4
162.6 ' 163.7
161.8
161.2 ' 161.3
160.8
162 7 ' 163.8 r 166 1
153.1 ' 152.9
153.8
156.8
155.4 ' 154.4
148.4
147.8 '144.3
170.5
170.5
171.6
167.1
168.3 ' 169.2
172.3
173.7 ' 175.0
129.6
128.7 ' 128.9
do
do .
do
do
136.2
117.8
105.4
118.0
141.6
124.2
121.0
115.7
140.9
127.2
122.3
129.5
140.9
126.7
120.0
131.7
142.5
128.0
121.1
136.4
142.6
127.1
117.0
131.7
142.5
126.0
117.9
124.9
144.1
127.6
122.1
144.0
144.5
128.1
125.3
145.1
145.0
127.6
123.9
146.8
do .
do
do
.do
118.0
92.4
110.4
124.9
124.7
96.8
109.1
131.1
127.3
99.4
107.6
128.9
126.3
95.4
112.2
130.1
127.1
97.3
113.2
130.7
126.8
97.8
112.6
131.3
126.2
97.7
110.5
131.6
142.1
124.1
115.6
114.7
124.9
97.6
106.0
133.8
124.5
97.1
106.6
134.0
124.9
98.0
106.4
132.9
do
do
156. 5
175.5
161.0
182.2
156.0
175.0
157.0
177.1
159.9
182.1
160.8
183.2
137.1
148.1
137.9
114.0
117.4
167. 6
145.7
154.8
142.9
113.8
120.4
180.9
143.5
153.2
143.1
116.1
119.8
181.1
144.3
154.0
142.8
113.6
118.9
177.8
146.7
155.0
142.9
115.2
119.8
185.3
147.6
155.6
144.0
115.2
120.6
186.7
149.5
157.4
143.2
112.8
122.5
184.8
162.9
185.0
150.4
158.5
144.2
114.2
123.2
184.1
114.3
137.1
124.2
137.4
119.2
140.0
126.3
144.5
121.0
138.1
126.1
145.7
120.2
138.5
125.8
146.6
122.7
140.4
126.8
148.0
120.8
141.0
124,5
140.5
118.6
139.5
127.2
141.9
162.3
184.4
148.7
157.1
144.4
113.4
121.5
185.7
120.6
142.2
130.9
142.3
162.4
184.1
do
do .
do
do
do
do
158.6
180.1
145.5
154.9
141.8
111.4
119.4
175.7
119.0
142.1
130.6
145.8
124.7
180.7
165.3
129.9
190.7
173 7
128.6
185.5
171.0
128.2
188.1
174.9
128.7
191.1
178.7
142.8
255.5
75.1
130.3
192.3
174.5
129.5
192.2
177.3
131.0
194.2
179.2
130.5
195.9
176.7
Defense and space equipment
Intermediate products
Construction supplies
Business supplies
Materials
Durable goods materials 9
Durable consumer parts
Equipment parts
Nondurable goods materials 9 . .
Textile, paper, and chemical
Energy materials
By industry groupings:
Mining and utilities
Mining
Metal mining
Coal
.
Oil and gas extraction 9
Crude oil
Natural cas
Stone and earth minerals
Utilities
Electric
Manufacturing
Nondurable manufactures
Foods 9
M^eat DTOdncts
Dairv Droducts
Beverages
Tobacco products
Textile mill products
ADDarel Droducts
Paper and products
Printing and publishing . _
Chemicals and products
Basic chemicals
.
...do
do
do
do
do
do
do
141.7
143.4
141.0
144.2
Petroleum products
do
252.7
249.1
254.8
232.2
Rubber and nlastics nrodncts
do
75.7
76.0
74.1
75.3
Leather and products..
do
r
Revised.
» Preliminary.
i Estimated.
cf Monthly revisions back to 1967 will be
shown later; effective Sept. 1977 SURVEY, indexes revised to reflect more up-to-date information.
9 Includes data for items not shown separately.
' 140.2
' 170.6
' 156.0
'224.2
' 128.9
'
'
'
'
'
161.5
89.8
90.5
' 162.8
' 160.2
165 4
161.8
158.3
165 4
162.7
159.2
'
'
'
'
154.2
155. 7
145. 6
173.4
170.5
' 176.3
' 130.4
152.9
153.4
138.6
174.3
170.9
177.7
129.1
154.6
156.0
143.5
175.5
172.5
179.1
128.8
144.2
124.0
123.5
116.0
'144.0 '144.8
121.8 ' 124. 0
' 124.3 ' 126.3
104.0
124.0
144.6
124.1
128.2
129.3
144.9
124.6
123.8
98.3
107.1
134.2
123.2
98.2
106.8
136.7
121.7 ' 121.5
95.6
96.6
107.4
137.0 ' 136. 7
120.6
95.3
164.3
186.6
167.5
167.8
150.9
160.9
146.3
116.6
123.2
191.3
153.0
161.6
121.5
143.9
129.9
145.3
151.8
159.2
145.7
113.9
122.7
186.9
122.0
144.9
131.4
147.8
166.8 ' 169.0 ' 168.2
189.4
192.2
151.9 ' 152.2 ' 153.1
160.4 ' 160.7 ' 161.5
145.5
146.5 ' 147. 7
110.8
112.3
114.5
121.8
122.3
123.2
184.4
194.5 '191.5
120.0
118.8
121.8
143.5 ' 140.5 ' 142. 6
132.3
144.9
148.0 ' 149. 9
132.1
197.6
180.2
133.0
197.9
178.7
135.8
200.8
179.6
133.9
120.4
136.2
141.3
149.6
151.9
' 137. 6 ' 137. 0 136.9
201.4 ' 200. 9 202.1
' 180. 8 ' 181.4 ' 183. 6
137.0
147.1
147.9 '144.5 ' 144.3 145.7
148.9
144.1
147.9
149.9
144.1
263.1
268.1 '270 1 ' 272.1 269.0
262.2
264.1
267.0
261.1
74.1
74.1
75.1
73.8
74.0
71.0
73.3 '73.6
74.0
NOTEFORP.S-5:
O Revised back to Jan. 1975 to reflect corrections in reporting errors in the machinery industry, and corrections in classifications in the aircraft and machinery industries; revisions
prior to Apr. 1976 are available from the Bur. of the Census. Wash., D.C. 20233.
144.3
259.1
74.5
June 1979
UUKJ
1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of B U S I N E S S STATISTICS
' Bin
S-5
1978
1978
June
May
Apr.
Annual
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.p
Mayi
182.1
182.8
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION }— Continued
Federal Reserve Board Index of Quantity
Output—Continued
Seasonally Adjusted—Continued
By Industry groupings—Continued
Manufacturing—Continued
Durable manufactures
Ordnance, pvt. and govt
Lumber and products
Lumber
1967=100.
do
do...
do...
129.5
73.9
133.4
110.6
139.3
73.7
138.9
110.8
136.9
73.0
136. 9
109.9
137. 6
74.3
136.5
106.0
139.0
74.7
138.7
110.6
141.1
75.2
138.1
112.8
142.2
75.2
136.9
106.4
142.8
74.3
139.2
113.6
144.0
73.9
141.2
112.1
144.8
73.6
142.5
113.3
146.4
74.2
146.0
125.4
146.0
73.4
142.0
106.1
' 146.2 • 147. 3
73.5
73.4
• 140. 6 • 140. 7
107.8
111.2
do_.
_-do_.
do..
do_.
do..
do_.
do_.
140.9
146.1
110.2
103.4
97.4
105.3
122.4
154.7
159.2
119.0
113.2
104.8
119.4
130.0
148.9
156. 7
114.3
109.0
97.4
116.9
124.7
152.8
157.9
115.5
110.5
104.7
118.1
124.8
156.2
159. 8
117.5
114.5
109.4
122.9
123.2
158.1
158.8
123.0
119.0
110.5
133.6
129.5
159.0
159.5
126.0
120.9
114.7
123.1
137.5
160.7
160.9
127.9
123.2
115.2
129.0
136.6
160.9
162.1
128.6
123.8
115.3
130.4
136.4
157.6
166.3
129.0
124.1
114.3
127.6
137.6
161.7
168. 6
122.0
112.7
101.0
110.5
139.0
163.6
166.9
• 121.3
112.8
101.6
112.7
• 135.1
Fabricated metal products
Nonelectrical machinery
Electrical machinery
do.
do_
do.
130.9
144.8
141.9
142.6
155.6
154.3
139.5
152.2
152.3
140.4
152.9
152.9
142.3
154.6
154.1
144.0
156.1
157.9
145.8
157.3
156.9
146.3
158.7
158.3
146.0
160.3
157.9
146.9
160.3
159.0
156.7
167.7
130.4
124.5
111.7
134.4
140.8
149.0
161.8
161.9
151.0
163.6
163.9
152.2 • 151.3
164.6
166. 7
• 165.3 166.1
Transportation equipment
Motor vehicles and parts
Aerospace and misc. trans, eq
do..
do_.
do..
121.1
159.7
84.7
130. 5
168.3
94.9
130.5
171.7
91.8
130.1
168.3
93.9
130.4
167.7
95.0
1S2.1
169.7
96.5
133.4
171.0
98.3
132.8
168.9
98.9
137.0
176.8
139.3
180.8
100.2
139.5
179.7
101.7
137.7
174. 5
103.0
136.3
171.4
103.2
• 140.1
178.1
104. 3
Instruments
do..
159.1
171.6
170.5
169.8
170.9
172.2
175.4
174.6
175.3
176.2
179.5
180.4
181.0
• 182.7
Furniture and fixtures
Clay, glass, and stone products
Primary metals
Iron and steel
Basic iron and steel
Steel mill products
Nonferrous metals
•
•
•
•
163.8
166.1
121.7
114. 4
106.0
118.4
• 136.1
BUSINESS SALES §
Mfg. and trade sales (unadj.), total t©A
mil. $__ 2,701,195 3,056,727 251,465 259,345 266,617 241,588 262,970 263,677 273,756 271,127 276,786 -250,364 '259,567 '295,395 279,474
2
2,701,195 23,056,727 251,323 252,259 253,459 252,755 260,068 260,535 266,946 270,134 273,776 -•273,294 '275,290 '286,658 277,451
Mfg. and trade sales (seas, adj.), total t©A--do
Manufacturing, total t©
Durable goods industries
Nondurable goods industries
Retail trade, totalA
Durable goods stores
Nondurable goods stores
do
do
do
do.
do_.
do..
2
l,335,072 2l,503,804 .24, 537 123, 566 124,839 123,039 127, 871 127,919 130, 614 132,424 135,035 135,291
699,193 803,082 66,493 65,417 66,293 64,847 68, 684 68, 916 70, 292 71,635 73,429 •73,103
635,879 700,722 58, 044 58,149 58,546 58,192 59,187 59, 003 60,322 60. 789 61,606 62,188
2
724,020 2798,818 65,146 65, 522 65, 964 66,224 67, 303 68, 085 68,971 70,158 70, 918 70,855
247,832 277,916 22, 617 22, 730 22. 947 23, 049 23, 617 23, 872 24, 422 24, 954 25,163 25,250
476,188 520,902 42, 529 42, 792 43, 017 43,175 43, 686 44, 213 44, 549 45,204 45, 755 45,605
136,673 143,789 135,735
74,167 77, 735 72,088
62,506 •66,054 63,647
Merchant wholesalers, total A
Durable goods establishments
Nondurable goods establishments
do
do
do
2
67,495 •70,824 70,247
31,769 • 33,570 32,797
35,726 ' 37,254 37,450
642,104 2 754,105 61, 640 63,171
285,605 349,916 28,831 28,627
356,498 404,189 32,809 34,544
62,656
28,741
33,915
63,425
29,859
33,566
64,894
30,043
34,851
64,531
29,863
34,668
67,338
30,953
36,385
67,552 67, 823
31,498 31, 939
36,054 35, 884
67,148
31,012
36,136
71,122 72,045
25,035 •25,450
46,087 •46,595
71,217
24,536
46,681
BUSINESS INVENTORIES §
Mfg. and trade inventories, book value, end of year
or month (unadj.), total tA©
mil. $_. 336,821
377,511 356,913 358,701 359, 422 359,884 361, 772 365,748 374, 553 381,342 377,511 383,109 389,017 395, 768 400,036
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), total fA©
mil. $__ 337,832
379,391 354,332 357,401 360,355 363,432 367,044 369, 526 372, 639 376,596 379,391 383,886 387,411 391,697 397,089
179, 714 197,802 .85,715 187, 689 189,557 191,167 192,882 194, 063 195,735 196, 587 197,802 200,604 <203,231 ^205, 393 208,679
115,424 129,141 19,848 121,471 122,688 123, 830 125, 206 126,176 126,784 128, 357 129,141 131,542 <133,783
5, 287 137,825
64,290 68, 661 65,867 66, 218 66,869 67, 337 67, 676 67,887 67,951 68, 230 68,661 69,062 <69,448 <70,106 70,854
Manufacturing, totalf©
Durable goods industries
Nondurable goods industries
do
do
do
Retail trade, totalA
Durable goods stores
Nondurable goods stores
do_._
do
do
90,120
43,414
46,706
Merchant wholesalers, totalA
Durable goods establishments
Nondurable goods establishments
do
do
do
67,998
44,368
23,630
100,818
48,161
52,657
94, 290 94, 933 95, 607 96, 521 97, 824 98, 350 99, 279 100, 483 100, 818 101,739 '101,175 102, 226 103,329
45, 619 45, 525 45, 502 45, 704 46,116 46, 444 47, 006 47, 555 48,161 49,302 <49,367 49,583 50,486
48, 671 49, 408 50,105 50, 817 51, 708 51, 906 52, 273 52, 928 52, 657 52,437 '51, 808 52,643 52,843
80, 771 74,327
52,460 47,677
28,311 26,650
74,779
48,319
26,460
75,191
48,756
26,435
75,744
49,414
26,330
76,338
49,972
26,366
77,113
50,160
26,953
78,625
50,948
27,677
79, 526 80, 771
51,625 52,460
27,901 28,311
81,543
52,490
29,053
83,005
53, 773
29,232
84,078
53,937
30,141
85,081
54,271
30,810
BUSINESS INVENTORY-SALES RATIOS
Manufacturing and trade, totalf©A
Manufacturing, totalf©
Durable goods industries!
Materials and supplies
Work in process
Finished goods
Nondurable goods industries!©
Materials and supplies
Work in process
Finished goods
Retail trade, totalA
Durable goods stores
Nondurable goods stores
ratio..
1.44
1.41
1.41
1.42
1.42
1.4.4
1.41
1.42
1.40
1.39
1.39
1.40
1.41
1.37
1.43
do
do..I
do
do_ I_
do
1.58
1.93
.65
.78
.49
1.51
1.83
.59
.77
.47
1.49
1.80
.58
.76
.46
1.52
1.86
.60
.78
.47
1.52
1.85
.60
.78
.47
1.55
1.90
.61
.81
.48
1.51
1.82
.59
.78
.46
1.52
1.83
.60
.77
.46
1.49
1.80
.58
.77
.45
1.48
1.79
.58
.77
.45
1.46
1.76
.56
.76
.44
1.48
1.80
.57
.77
.45
1.49
1.80
.57
.77
.46
1.43
'I. 74
.56
1.54
1.91
.60
.82
do
do..
do
do
1.19
.48
.19
.53
1.14
.44
.18
.52
1.13
.44
.18
.51
1.14
.44
.18
.52
1.14
.45
.18
.52
1.16
.45
.18
.53
1.14
.44
.17
.53
1.15
.44
.18
.53
1.13
.43
.18
.51
1.12
.43
.18
.51
1.11
.43
.17
.51
1.11
.44
.18
.51
1.11
.44
.18
.50
'1.06
.42
.17
.47
1.12
.44
.18
.50
do
1.40
1.97
1.11
1.44
1.97
1.15
1.45
2.02
1.14
1.45
2.00
1.15
1.45
1.98
1.16
1.46
1.98
1.18
1.45
1.95
1.18
.44
.95
.17
1.44
1.92
1.17
1.43
1.91
1.17
1.42
1.91
1.15
1.44
1.95
1.15
1.42
1.97
1.12
1.42
1.95
1.13
1.45
2.06
1.13
1.21
1.73
.80
1.19
1.67
.78
1.21
1.65
.81
1.18
1.69
.77
1.20
1.70
.78
1.19
1.65
.78
1.18
1.66
.76
.19
.68
.78
1.17
1.65
.76
1.18
1.64
.77
1.19
1.64
.79
1.21
1.69
1.23
1.69
.82
'1.19
1.61
'.81
1.21
1.65
.82
66,765
76,257
6,378
6,240
6,386
6,249
6,673
6,092
5,716
6,406
6,033
6,666
6,813
6,932
6,867
6,643
6,940
6,847
6,919
6,640
6,151
7,030
6,588
6,462
7,60-1
7,148
6,806
6,650
IIIIIIdoI_ I
II__doIII_
Merchant wholesalers, totalA
do__
Durable goods establishments
_
do""
Nondurable goods establishments
dol.l.
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales: 0
Durable goods industries:
Unadjusted, total
mil $
Seasonally adj., total
do
1,335,072 1,503,804 127,014 125,144 131,727 114,380 126,166 133,527 136, 055 132,130 127, 662 124,747 137,193 '148,878 138,288
3 79,204
7,
699,193 794,441 68,379 67,357 71,839 59,296 65,991 71,888 73, 591 71,134 68,942 '66.324 ' 73,956 '81,626 74,169
3,924
3,386 '3,989
3,147
3,389
3,855
4,176
4,039
4,039
3,581 4,081
35,274
43,888
3,706 3,809
9,131 10,110 10,643 10, 918 10,467 10, 397 10.351 11,653 ' 13,122 11,024 312,799
103,340 120,390 10,252 10,086 10,609
Blast furnaces, steel mills
I.IIIIII"dollII 51,519 60,533 5,102 5,105 5,366 4,678 5,039 5,283 5,445 5,068 5,277 5,186 5,747 '6,725 5,001
4,841
4,763 '5,143
4,139
4,290
4,103
4,321
3,540 4,083 4,279
Nonferrous and other primary met
do
40,877
47, 455 4,057 3,844 4,123
on pp.. S-6.
S-6.
©Mfrs. shipments, inventories and new orders were revised
Revised.
corresponding note on
2 Based on data not seasonally adjusted.
i Au-. 1977 are available from Bureau of the Census, Wash., D.O.
ns prior
-~-to
back to 1958; revision
e
e "" V
V on
on p.
p. S-12 for
for retail
retail trade
trade and
and notes
notes" O
O" and" V on p. S-ll for whole20233.
ASee notecludes
data S-12
for items
not shown
separately.
OSee corresponding note
sale trade.
9
Includes
data
for items not shown separately.
c
types of producers, both farm and nonfarm. Unadjusted data for manufacturing are shown
on p. S-4.
Corrected.
below on pp. S-6 and S-7; those for wholesale and retail trade on pp. S-ll and S-12.
fSee
Shipments (not seas, adj.), totalf©
Durable goods industries, total 9 t
Stone, clay, and glass products
Primary metals
do
do
do
do
—
*v * _ *x
• •
.
rm
.
•
.
«
•*
.
-m
SURVEY
S-6
Unless otherwise stated in footnotes below, data
through 1974 and descriptive n o t e s are a s shown in
the 1975 edition of B U S I N E S S S T A T I S T I C S
1977
CURRENT BUSINESS
1978
Annual
June 1979
1978
Apr.
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS!— Continued
Shipments (not seas, adj.)t—Continued
Durable poods industriest—Continued
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
Chemical and allied products
Petroleum and coal products
Rubber and plastics products
mil. $_. 85,255
119,008
do
85,759
do
170,739
do
117,758
do
28,570
do
96,090
138,400
98,676
192,697
132,207
31,560
8,184
11,685
8,119
17,087
11,920
2,522
8,110
11,259
7,848
16,833
11,780
2,575
8,510
12,453
8,627
17,540
12,035
2,826
7,158
10,446
7,271
13,185
8,645
2,390
8,393
11,074
8,273
13,858
9,141
2,716
8,637
12,346
9,026
16,958
11,290
2,890
8,605
12,384
8,967
18,125
12,987
2,857
8,436
11,828
8,699
17,944
12,532
2,841
8,324
12,741
8,710
16,039
10,566
2,741
7,951
• 11,300
8,134
16, 917
11,748
2,458
8,914
13,383
8,880
17,550
11,568
2,757
635,879
191,887
9,589
40,821
700, 722 58,635
214,489 17,539
10,941
903
43,951
3,912
57,787
17,778
835
3,743
59,888
18,204
1,003
3,818
55,084
16,983
821
3,100
60,175
18,209
968
3,744
61,639
18,674
939
3,901
62,464
19,291
1,043
3,990
60,996
18,831
1,014
3,783
58,720
18,733
941
3,491
58,423
17,750
991
3,519
63,237 •67,252
19,309 •20,158
••985
882
3,637 ' 4 , 0 7 7
64,119
19,013
952
3,838
do_
do_
do.
do_
52,368
113,891
95,656
36,955
57,654
126,483
103,167
39,930
4,759
11,434
8,207
3,462
4,803
11,841
8,273
3,306
5,066
11,161
8,721
3,491
4,592
9,605
8,679
3,001
5,007
10,241
8,926
3,544
4,966
10,961
9,118
3,522
5,157
10,701
8,781
3,642
5,061
10,432
8,952
3,461
4,573
10,422
9,335
3,021
4,737
10,782
9,052
3,337
5,379
11,670
9,598
3,829
' 5,639
•13,084
••9,907
' 4,145
5,464
12,443
9,695
3,812
124,537
123,566
124,839
127,871
127,919
130,637
132,424
135.035 135,291
68,684
3,791
10,346
5,064
4,267
68,916
3,725
10,241
5,154
4,036
70,292
3,884
10,862
5,534
4,253
71,635
3,852
10,868
5,273
4,464
73,429
3,943
11,425
5,876
4,374
• 73,103 • 74,167 • 77,735
3,667
3,682 ' 3,928
10,943 11,749 '12,270
' 5,176
5,788 ' 6,175
4,655
4,835 "4,898
72,088
3,871
10,551
4,869
4,576
8,200
12,062
8,755
• 12,249
••9,878
13,299
••9,345
18,381
'12,314
••2,935
8,731
13,042
8,881
16,654
10,991
2,807
66,493
3,657
9,824
4,968
3,834
65,417
3,710
9,628
4,942
3,640
do_.
do_.
do_.
do_.
do_.
do_.
8,013
11,364
8,119
16,288
11,291
2,569
7,880
11,091
7,929
15,971
11,138
2,602
7,899
11,425
8,167
15,887
10,803
2,674
7,539
11,454
8,071
15,510
10,670
2,579
8,241
11,831
8,495
16,324
11,237
2,714
8,509
16,738
11,012
2,716
8,152
12,371
8,526
16,674
11,684
2,715
8,639
12,320
8,519
17,473
11,991
2,761
9,049
12,792
8,778
17,227
11,891
2,712
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_.
58,044
17,775
928
3,976
4,750
10,537
8,239
3,314
58,149
18,015
821
3,697
4,796
10,433
8,443
3,235
58,546
17,844
960
3,606
4,815
10,719
8,590
3,283
57,884
17,599
824
3,639
4,861
10,399
8,600
3,258
59,187
18,122
921
3,706
4,859
10,188
8,863
3,515
59,003
17,853
933
3,657
4,812
10,450
9,040
3,426
60,345
18,540
1,046
3,752
5, 051
10,673
8,837
3,483
By market category:!
Home goods and apparel©
do
Consumer staples
do
Equipment and defense prod., excl. auto.do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
do
Capital goods industries
do
Nondefense
do
Defense
do
do
do
do
Book value (seasonally adjusted), totalt—-do
By industry group:
Durable goods industries, total 9
do
Stone, clay, and glass products
do
Primary metals
do
Blast furnaces, steel mills
do
Nonferrous and other primary met.do
Fabricated metal products
do
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
do
Motor vehicles and parts
do
Instruments and related products—do
r
2,706
12,982
8,970
17,751
12,405
2,811
60,789
18,595
988
3,684
5,109
10,942
8,980
3,552
61,606 • 62,188
19,133 18,602
935
1,038
3; 869
3,649
4,954
4,866
11,481 ' 11,743
9,140
9,298
3,653
3,317
62,506
19,186
926
3,646
5,294
11,434
9,372
3,778
' 66,054 63,647
'20,124 19,268
977
' 1, 010
' 3,848 3,900
5,450
'5,575
' 12,300 11,645
•10,082 9,733
3,653
'3,935
8,922
18,645
12,573
r
114,584
270,805
204,274
153,752
130,038
630,351
9,611
22,480
16,541
13,160
10,653
52,092
9,395
22,554
16,300
12,917
10,651
51,749
9,532
22,545
16,968
12,563
10,786
52,445
9,291
22,300
16,838
12,340
10,605
51,732
9,809
22,855
17,606
12,963
11,200
53,438
9,820
22,658
18.277
12,856
11.062
53,246
9,998
23,233
17,958
13,543
11,379
54,526
9,964
23,542
18,303
13,871
11,731
55,103
9,756
23,949
18,714
13,731
12,005
56,880
9,890 ' 9,793
23,639 24, 053
18,758 ' 18,929
14,614 14,346
11, 399 11,619
56,991 57,933
10,268
25,196
19,956
14,222
12,621
61,526
45,015
205,263
173,723
31,540
51,490
238,514
204,397
34,117
4,369
19,536
16,598
2,938
4,133
19,058
16,257
2,801
4,361
19,653
16,782
2,871
4,155
19,574
16,819
2,755
4,447
20,409
17,598
2,811
4,353
21,290
18,357
2,933
4,503
20,744
17,882
2,762
4,437
21,191
18,284
2,907
4,469
21,833
18,838
2,995
4,404 ' 4,480
22,012 ' 21,825
18,937 ' 18,950
3,075
2,875
4,597
'4,709
23,281 22,344
20,044 19,157
' 3,237 3,187
180,118
114,862
65,256
198,062 186,844 188,499 188,846 189,439 191,281 191,875 193,494 195,912 198,062 202,454 205, 505 •^07,135 210,238
128,448 120,963 122,540 122,891 123,160 124,430 124,903 125,583 127,236 128,448 132,131 135,133 136,674 139,020
69,614 65,881 65,959 65,955 66,279 66,851 66,972 67,911 68,676 69,614 70,323 70,372 •70,461 70, 870
179,714
197,802 185,715 187,689 189,557 191,167 192,882 194,063 194,735 196,587 197,802 200,604 203,231 '205,393 208,964
137,768
5,246
18,329
10, 257
6,726
115,424 129,141 119,848 121,471 122,688 123,830 125,206 126,176 126,784 128,357 129,141 131,542 131,783 '135,287
4,946
5,120 r' 5,139
4,688
4,825
4,570
4,782
4,569
4,606
4,740
4,825 4,518
4,259
17, 779 18,035 16.940 17,060 17,209 17,335 17,546 17,678 17,751 18,118 18,035 17,838 17,765 17,620
9,842 9,840 ' 9,724
9,384
9,613
9,914
8,978
9,961
8,879
9,126
9,523
9,914 8,824
9,782
6,761
6,953
6,750 ' 6,589
7,000
6,937
6,895
6,919
6,974
6,987
6,931
6,895 6,901
6,826
14,760 16,799 15,874 15,992 16,130 16,313 16,425 16,374 16,706 16,598 16, 799 17,063 17,384 '17,746
26,379 31,037 27, 757 28,279 28,766 29,062 29,374 29,707 30,048 30,257 31,037 31,454 31,855 •32,458
15,433
17,025 16,188 16,445 16,628 16,758 16,860 17,023 16,959 17,120 17,025 17,565 17,653 '18,079
21,258 23,908 22,264 22,743 22,784 23,010 23,400 23,614 23,425 24,016 23,908 24,848 25,830 '25,715
8,196
8,003
8,413
8,876 ' 8,752
8,037
8,232
7,817
7,668
7,851
7,828
8,500
7,668 7,919
6,494
6,203
6,746
6,932 ' 7,179
6,140
6,282
6,461
5,727
6,199
6,550
6,384
6,550 6,104
38,719
7,141
7,345
4,520
6,733
41,325
6,619
8,743
4,949
6,791
38, 794
6,371
7,703
4,630
6,730
39,484
6,427
7,897
4,729
6,822
39,667
6,444
8,012
4,819
6,736
39,727
6,394
8,155
4,873
6,541
40,343
6,587
8,175
4,872
6,763
41,133
6,554
8,412
4,979
7,122
40,916
6,499
8,680
4,951
6,593
41,228
6,647
8,573
4,937
6,840
41,325
6,619
8,743
4,949
6,791
41,720
6,455
8,787
5,042
7,233
42,323 '43,300
6,446 ' 6,515
8,824 ' 9 , 0 2 8
5, 005 ' 5 , 2 1 1
7, 580 ' 7,539
43,585
6,516
9,089
5,274
7,783
Work in process 9
Primary metals
Machinery, except electrical
Electrical machinery
Transportation equipment
do
do
do
do
do
46,864
5,760
11,803
6,835
11,655
55,484
6,363
14,333
7,815
14,156
50,330
5,801
12,487
7,365
12, 674
50,966
5,740
12,723
7,410
13,018
51,684
5,814
13,048
7,452
13,126
52,763
5,998
13,102
7,456
13,698
53,296
6.025
13,374
7,557
13,722
53,375
6,155
13,5.K6
7,645
13,506
54,210
6,257
13,567
7,707
13,924
54,815
6,305
13,919
7,894
14,079
55,484
6,363
14,333
7,815
14,156
56,483
14,540
8,067
14,382
57
6
14
8
14
'58,009
' 6,253
'15,003
' 8,516
'14,593
59,330
6,555
15,147
8,728
14,985
Finished goods 9
Primary metals
Machinery, except electrical
Electrical machinery
Transportation equipment
do
do
do
do
do
29,843
4,878
7,231
4,079
2,870
32,332
30, 724
4,768
7,567
4,193
2,860
31,021
4,893
7,659
4,306
2,903
31,337
4,951
7,706
4,357
2,922
31,340
4,943
7,805
4,429
2,771
31,567
4,934
7,825
4,431
2,915
31,668
4,969
7,739
4,399
2,986
31,6,58
4,995
7,801
4,301
2,908
32,314
5,166
7,765
4,289
3,097
32,332
5,053
7,961
4,261
2,961
33,339
5,015
8,127
4,456
3,293
34 051 '33,978
5 008 ' 4,852
8 362 ' 8,427
4,233 ' 4,352
3 602 ' 3,583
34,853
5,053
7,961
4,261
2,961
64,290
15,575
3, 524
5,294
5,622
14,134
5,992
4,281
68,661
17,099
3,639
5,620
5,868
15,461
5,458
4,580
65,867
16,168
3,465
5,394
5,687
14, 743
5,576
4,445
66,218
16,436
3,477
5,433
5,798
14,763
5,302
4,498
66,869
16,643
3,501
5,475
5,869
14, 861
5,397
4,521
67,337
16,525
3,385
5,542
5,939
15,054
5,530
4,521
67,676
16,674
3,359
5,554
5,816
15,182
5,512
4,581
67,887
16,895
3,481
5,601
5,855
15,317
5,406
4,561
67,951
17,104
3,544
5,571
5,795
15,246
5,503
4,528
68,230
16,956
3,653
5,632
5,778
15,269
5,625
4,491
68,661
17,099
3,639
5,620
5,868
15, 461
5,458
4,580
69,062
17,290
3,614
5,729
5,834
15,470
5,417
4,636
69,448 '70,106
17 739 '18,033
3 502 ' 3,545
5 743 ' 5,735
5 873 ' 6 , 0 0 3
15 468 '15,520
5 180 ' 5 , 0 2 2
638 ' 4,717
71,196
18,157
3,572
5,729
6,192
15,937
5,121
4,906
26,538 25,742 25*,825 26,314
10,733 10,352 10,354 10,277
31,390 29, 773 30,039 30, 278
' Revised
i Advance estimate; total mfrs. shipments for April 1979 do not reflect revisions for selected components.
t Revised series. Data revised back to Jan. 1958 to reflect
(1) benchmarking of shipments and inventories data to the 1974,1975, and 1976 Annual Surveys of Manufactures, (2) recalculation of new orders estimates, and (3) updating of the sea-
26,145
10,348
30,844
26,024
10,352
31,300
26,108
10,484
31,295
26,171
10,7,54
31,026
26,381
10,658
31,191
26,538
10,733
31,390
27,059
10,959
31,130
27,319 27,769
11,013 '10,987
31,116 '31,350
28.192
11.193
31,811
25,102
10,116
29,071
12,221
18,325
U,529
22,536
19,157
i 3,019
18,067
32,834
18,266
26,414
9,067
7,255
do
do
do
do
do
409
311
669
315
648
76,855
9,913
24,301
19,280
12,637
11,907
57,697
102,713
244,028
177,735
137,605
109,361
563,630
By stage of fabrication:!
Materials and supplies 9
Primary metals
Machinery, except electrical
Electrical machinery
Transportation equipment
Nondurable goods industries, total9 --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 .
19,358
136,673 143,789 135,735
123,106
66, 293 65,222
3,710 3,644
9,860 9,905
5,062 5,030
3,786 3,823
Inventories, end of year or month:!
Book value (unadjusted), totalf
Durable goods industries, total
Nondurable goods industries, total
8,740 ' 9,961
13,291 • 14,363
9,108 ' 9 , 5 6 8
18,028 •19,809
12,658 13,424
2,714 ' 2,971
do_
do_
do_
do_
Shipments (seas, adj.), total!©
<lo_.
By industry group:
Durable goods industries, total 9
do_.
Stone, clay, and glass products
do_.
Primary metals
do_.
Blast furnaces, steel mills
do_.
Nonferrous and other primary met—do..
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
1
5,294
8,594
4,336
3,646
sonal factors. A detailed description of this revison and historical data appear in report M3-1.7,
"Manufacturers' Shipments, Inventories, and Orders: 1958-1977," available for $2.45fromthe
Bureau of the Census, Washington, D.C. 20233.
©See corresponding note on p. S-5.
9 Includes data for items not shown separately.
S-7
SURVEY OF CURRENT BUSINESS
June 1979
1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1978
1978
Annual
Apr.
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
16,874
26,429
50,355
9,983
16,963
77,198
Mar.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERSt—Continued
Inventories, end of year or montht—Continued
Book value (seasonally adjusted)—Continued
By market category:f
Home goods and apparel
mil. $__
Consumer staples
do
Equip, and defense prod., excl. a u t o — d o
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary series:
Household durables
do
Capital goods industries
do
Nondefense
do
Defense
do
New orders, net (not seas, adj.), total fA
Durable poods industries, total
Nondurable goods industries, total A
do
do
do
New orders, net (seas, adj.), total t A
do
By industry group:
Durable goods industries, total!
do
Primary metals
do
Blastfurnaces, steel mills
do
Nonferrous and other primary met..-do
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts;
do
do
do
do
do
16,874 16,066
26, 429 24,621
50, 355 45,228
9,983 10,129
16, 963 16,059
77,198 73,612
16,183
24,928
46,155
10,297
16,091
73,035
16,276
25,407
46, 761
10,265
16,293
74, 555
16,707
25,366
47,339
10,106
16,299
75,350
16,859 16,887
25, 511 25,919
47, 790 48,255
10, 510 10,751
16, 372 16,503
75,840 75,748
16,618
25,990
48,907
10,066
16, 731
76,423
17,274
26,537
51,186
10,738
17, 290
77,579
17,326
26, 742
51,911
11,231
17,897
78,124
" 17,612
' 27,199
7,771
46,677
40,294
6,383
8,595
55,326
48,155
7,171
8,301
50,512
43,610
6,863
8,307
51,399
44,583
6,816
8,574
52,112
45,227
6,885
8, 635 8,678
52, 620 53,007
45, 743 46,246
6,877 6,761
8,800
56,419
49,017
7,171
7,402
143,141 136,618 132, 396 132,665
80, 752 75, 518 73, 650 74, 457
62, 389 61, 055 58, 746 58,337
8,716
57,244
49, 775
7,469
' 8, 861 8,769
• 58,125 59,021
• 50,597 51,501
' 7,528 7,520
8,188
49,518
42,780
6,738
,354,099 1,551,160 130,899 128,665 134,171 117,023 129,873 136,129
717,537 848, 932 71,890 70,723 74, 237 61, 702 69, 713 74,520
636,562 702,228 59,009 57,942 59,934 55,321 60,160 61,609
16, 679
26, 271
49,229
10,474
16,828
77,106
8,559
8,590
53, 839 54, 390
46, 905 47, 422
6,932 6,968
8,595
55,326
48,155
• 52,527
•11,118
• 18,036
• 78,901
17,443
27,563
53,255
11,498
18,441
80, 764
145,881 154,658 143,800 1 79, 579
"81,101 •87,519 79, 281
63,780 67,139 64,519
130,952 131,840 137,185 137,662 140,356
142,529 '145,272 150,033 140,956
717,537 848,932 70, 033
105, 968 128, 002 10, 308
53,394 65,307
5, 331
41, 360 49, 653 3,957
70,045
10,754
5,845
3,811
68,840
10,428
5,451
3,954
65,187
10,095
5,151
3,850
71,582 72,645
10,876 11,233
5,184 j 5,764
4,504 J 4,365
76,984
11,722
5,917
4,647
76, 654
11,092
5, 527
4,318
78,623
11,806
5,709
4,827
80,582 •82,385 84,162 77,223
14,191 13,042 •13,259 11,819
7,583 6,932 '7,012
6,029
5,212
4,868 ' 4,979 4,719
98, 913
144,166 11,536
103,216
8,626
216,473 17, 721
60,110 4,943
8,023
11,872
8,352
18,019
4,832
7,736
11,477
8,239
17, 953
5,677
7,524
11,669
7,902
15,226
3,298
8,294
11,830
8,730
18,516
5,460
8,196
12,708
8,919
18,536
5,412
8, 524 8,804
13, 234 13, 099
8,988
8,960
20,553 20, 916
5,594
6,949
9,527
13,273
9,285
20,167
5,928
9,447
13,377
9,605
20,121
5,389
^,354,099 1,551,160 128,175 128,450 127,580 123,279
85,609
122,489
88,241
178,617
42,420
9,279 10,520
9,146
13,840 15,240 13,063
10,137
9,784 9,460
22,340 20,446 18,949
7,621 ' 5,953 6,212
636, 562 702,228
139,673 153,795
496,889 548,433
58,142
12,880
45,262
58.405
12,971
45,434
58,740
12,934
45,806
58,092
13,070
45,022
59,370
13,208
46,162
59,195
12,866
46,329
60.201
12,986
47,215
61,008
13,273
47, 735
61,733
13,184
48,549
61, 947 62,887 65,871
13, 078 13, 697 13,754
48,869 49,190 52,117
63,733
13, 953
49,934
do
do
do
do
do
do
103,442
244,051
186,752
138,805
110,261
570, 788
9. 735
22,534
18,423
13,171
11,218
53,094
9,422
22,549
19,295
13,018
10,600
53,556
22,526
18, 317
12, 612
10, 690
54, 037
9,177
22,350
16,204
12,209
10,437
52,902
9,955
22, 840
19,485
13, 000
10,986
54, 686
9,938
22,626
20,281
13,132
10,714
55,149
9,808
23,211
21,709
13,947
11,640
56,870
9,797
23,446
21,165
14, 261
11,551
57, 442
9,704
23,933
20,555
14,281
12,428
58,608
10, 086
23,653
20,395
14,823
11,684
61, 888
10,133
24,316
20, 730
12,658
12,406
60, 713
do
do
do
do
45, 733 51,408 4, 513 4,150
216,849 268,762 21,440 22,202
182,413 225,770 17,409 18,124
34,436
42,992
4,031
4,078
4,263
21,592
18,155
3,437
4,039
19,355
17,074
2,281
4, 563
22, 701
19, 344
3,357
4,456
23,667
20,149
3,518
4, 295 4,320
25,455 25, 234
22,219 20, 575
3,236
4,659
4,446
24,629
20,790
4,301
4,593 ' 4,706
24,670 27,611
21,908 23,593
2,762 4,018
Nondurable goods industries, total A
do
Industries with unfilled orders©
do
Industries without unfilled orders^A. -do
By market category:!
Home goods and apparel A
Consumer staples
Equip, and defense prod., cxcl. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
15,340
23,942
42, 836
10,108
14,935
72,553
Unfilled orders, end of year or month (unadjusted),
totalf
mil. $__ 193,029
184,482
Durable goods industries, total
do
8,547
Nondur. goods ind. with unfilled orders©._do
114,499
270,832
229,717
155,810
131,327
648,975
•10,079
24,062
'23,899
14,629
11,888
60,715
10,436
25, 203
23,992
13,941
13, 026
63,435
2
i
28.4 1
240,483 209,132 212,654 215,098 217,738 221,444 224,149 231,261 235,753 240, 483 248,407 '257,096 '262,875 268,384
230,324 199,549 j 202,915 205,310 207, 714 211,434 514,067 221,233 225,619 230,324 -238,332 '246,479 '252,372 257, 478 257,859
10,159 10, 075 10, 617 10,503 10, 906
10,159
9,583 9,739
9,788
10,024 10,010 10,082 10,128 10,134
24.1
23.4
21.9
'Revised.
v Preliminary.
'Advance estimate: totals for mfr?.
new and unfilled
2
orders for April 1979 do not reflect revisions for selected components.
Based on unadjusted
data.
I See corresponding note on p. S-6.
9 Includes data for items not shown separately.
ASee note marked " e " on p. S-5.
©Includes textile mill prod,, leather and
prod., paper and allied prod., and print, and pub. rid.; unfilled orders for other nondurable
goods are zero.
19,922
' 4,840 4,812 i 4,298
27,730 24, 755 25, 390
24,430 21,294 21,445
'3,300
3,461 1 3,945
Unfilled orders, end of year or month (seasonally
adjusted) totalf
mil. $._ 193, 659 240, 483 209,133 214,010 216,754 216,922 219,999 223,921 230,464 235,704 241,025 248,266 i'256,863 '263,106 268,332
By industry group:
184,834 230, 554 199,895 204,516 207,067 207,026 209. 922 213,650 |220,341 225, 361 230, 554 238,036 '246,251 '252,676 257, 817
Durable goods industries, total 9
do
29,465 30,758 •31,748 33,016
CIA TCO
„_'
_ „
18, 513 26,216 21, 349 22,476 23, 043 23,232 23; 760 24,753
Primary metals
do
25,
612
25,834 26, 216
11,852
16,662 14,052 14,955 15,344 15,464 15, 583 16,193 16, 576 16, 829 16,662 19, 269 20, 413 21,250 22, 400
Blast furnaces, steel mills
do
8,008
8,041 ' 8,122 8,266
6,750
5,350
7,450
5,990
Nonferrous and other primary met._.do
5,819
6,158
6,421
6,184
7,450
7,143
6,997
23, 203 26, 005 24,976 25,118 24, 956 24, 941 24, 993 24,990 25, 361 25, 526 26,005 26, 698 27,083 '27,726 28,142
Fabricated metal products
do
47,221
53,039 49,219 50,001 50, 055 50,268 50,266 50,912 51,776 52, 558 53,039 54,167 54,026 56,066 56, 080
Machinery, except electrical
do
25,833
30, 413 28,031 28,455 28,529 28,358 28,594 29,006 29,466 29, 910 30,413 31,097 32,262 32,701 33,280
Electrical machinery
do
60, 527 83,994 65, 915 67,963 70,029 69,745 71, 938 73,733 77, 612 81, 052 83,994 85,471 90,050 02,122 04,410
Transportation equipment
do
41,275
59, 613 44,998 46,608 48,756 48,751 50, 650 51,964 54, 210 57, 397 59,613 60, 788 64,062 66,586 68,810
Aircraft, missiles, and par;s
do
8,825
10, 471 9, 238 9,494
9,687
9,896 10, 077 10,271 10,123 10,343 10,471 10,230 ! 10,612 10,430 10, 515
Nondur. goods ind. with unfilled orders©.do
I
By market category:f
4,482
4,091 I 4, 025 4,457 | 4,483
Home goods, apparel, consumer staples. _do
4,329
4,266 i 4,396
4,270
4,098 !! 4,025
4,238 I 4,530 ' 4, 707 4, 944
110,488 137, 784 119,221 I 122,306 123,708 122,938 I 124,857 127,137 131,291 134,544 137,784 39,620 ; 144,880 148,634 150,108
Equip, and defense prod., inch auto
do
Construction materials and supplies
do
j 18,765 ! 20, 043 20,417 i 20,366 20, 269 20,102 ! 19,888 19,539 19,800 19,621 | 20,043 20,327 i 20,507 •21,002 21, 501
Other materials and supplies
do < 60,315 j 79,173 65,038 66,855 68, 448 69,616 ! 70,858 72,763 75,103 I 77,441 j 79,173 84,072 | 86,856 88,763 01, 779
Supplementary series:
3,389 ! 3, 299 3,62r
Household durables
do
3,299
3, 400 | ' 3, 713 I ' 3. S4 I
1, 061
3, 644 3, 546 3,431 i 3,546 3,649
3,442 | 3,326
120,899 j 150, 853 L2IU10 ! 132,453 134,393 I 134,172 I]36^ 464 j 138,841
Capital goods industries
do
143,550 1147, 596 150,853 53,513 ''159,296 111)3,712 HM\, 1.7)
85,893 ! 107,041 5)1.528 i 93,395 94, "768 95,021 ! 96,767 j 98,560 102,795 |l0o,'088 1107, 041 110,014 114,656 !11M.( 10 121. lsl
Nondefense
do
Defense
do
35,006 j 43, 812 37,782 | 39,058 39, 625 39,151 | 39,697 | 40,281 | 40,755 I 42,508 j 43,812 43,400 : 44,640 j 41,702 r U , (.i78
BUSINESS INCORPORATIONS©
New incorporations (50 States and Dist. Col.):
Unadjusted
number..I 432,172
38, 690 41,960 43,059 39,245 42,392 j 38,732 41,022 ! 37,661 39,701 44,745 ! 37,759
Seasonally adjusted
..do.
38. 498 38,320 39,796 ! 39,403 42,605 I 41,827 41,945 | 41,568 42,461 42,777 j 42,048
INDUSTRIAL AND COMMERCIAL
FAILURES©
Failures, total
number.
7,919
594
583 | 519
458
675
459
oil
556
Commercial service
„.".".".
d o . . " I 1,041
62
75
78
38
73
60
60
63
Const ruction
do..*]
1,463
99
109
92
107
131
94
80
102
70
Manufacturing and mining
do. . I 1,122
61
87
81
76
104
78
94
Retail trade
do
I 3,406
228
246
215
25/
181
308
233
235
"Wholesale trade
do..~!
887
60
66
52
48
71
59
60
62
Liabilities (current), total
thous. $ !3,095,317
202, 990 160,395 178,839 231,821 1206,395 Y>1 022 175,342 178,033
Commercial service
d o . . j 358,686 j
31,388 14, 872 42,981 54,753 I 32,569
8,732 , 10,714 12, 465
Const ruction
" d o ™ ~! 420,220 | ~~ _ ~ ~_~_"'24,490 17, 547 21,733 32,405 I 39,278 15,263 | 15,223 25.101
M a n u f a c t u r i n g and m i n i n g . _ .
do ~ ! 1,221,122 I
78, 094 77,213 55,154 59,220 ! 81,522 j 46,935 45, 234 46.102
Retail t r a d e
d o . . \ 482,560 |
35, 824 27, 850 33,947 25,832 40,005 28,943 86. 550 30,424
"Wholesale trade
do
| 612,729 !_
33,194 22, 913 25,024 59,611 ! 13,021 27,149 I 17,621 55,751
Failure a n n u a l rate (seasonally adjusted)
|
No. per 10,000 concerns.-1
78, 979
11,717
259,937
32, 512
06, 015
i 3. 82<)
'lf)<>,012
123.108
22.0 ! 29.!
22.6 i
*| For these industries (food and kindred prod., tobacco mfs., apparel and other textile
prod., petroleum and coal prod., chem. and allied prod., rubber and plastics prod.) sales are
considered equal to new orders.
O Corn piled by Dun & Bradstreet, Inc. (failures data
for 48 States and Dist. of Col.; Hawaii included beginning July 1975; Alaska, beginning
Sept. 1976).
SURVEY
S-8
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
CURRENT BUSINESS
1978
1978
Apr.
Annual
June 1979
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS*
Prices received, all farm products
1910-14=100Crops 9
do
Commercial vegetables
do
Cotton
do
Feed grains and hay
do
Food grains
do
Fruit
do
Tobacco
do
Livestock and products 9
do
Dairy products
do
Meat animals
do
Poultry and eggs
do
Prices paid:
All commodities and services
do
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100..
Parity ratio §
do
457
432
499
511
316
275
370
972
481
594
564
228
524
456
512
465
320
336
516
1,060
593
647
754
242
521
468
693
441
337
344
441
1,017
576
618
730
245
••537
'478
••601
454
348
340
511
1,018
597
612
779
237
543
485
066
463
342
337
593
1,017
603
612
739
536
478
509
477
324
335
595
1,030
597
618
763
258
526
457
441
485
307
337
564
1,078
598
642
765
243
538
458
455
475
302
336
634
1,144
621
667
796
247
544
452
442
503
302
343
560
,107
639
691
830
238
538
452
457
516
309
349
483
1,115
627
709
792
248
461
542
490
319
347
471
1,133
653
722
829
260
579
470
638
473
322
346
482
1,134
693
728
904
264
602
485
700
458
330
344
519
1,124
726
728
964
269
615
482
621
443
334
344
521
1,120
754
722
1,018
276
749
709
1,019
265
615
494
532
461
360
369
557
1,141
740
704
1,007
261
591
573
579
616
626
629
602
620
637
608
630
640
613
631
642
620
631
643
624
629
650
628
638
655
632
643
658
638
645
664
641
652
676
644
668
650
683
'706
657
704
'714
664
713
718
671
716
687
66
744
70
736
744
747
73
749
72
750
70
757
71
761
71
764
71
770
72
796
73
75
826
74
'837
72
73
841
73
181.5
195.3
191.4
193.3
195.3
196.7
197.7
199.1
200.7
201.8
202.9
204.7
207.1
209.3
211.8
214.3
196.7
197.8
199.3
200.9
202.0
202.9
204.7
207.1
209.1
211.5
192.7
192.0
195.3
193.5
193.3
196.3
194.5
195.1
197.9
195.8
196.7
199.4
196.7
197.8
200.5
197.8
198.6
201.5
199.5
199.8
203.2
201.6
201.8
205.5
198.3
204.0
182.2
183.6
183.7
223.3
232.9
228.2
228.0
215.6
225.9
2 171.0
245.6
34 223.3
326.1
241.2
186.0
161.4
195.6
195.5
162.3
193.4
190.7
232.6
555
'476
'541
'451
'339
'350
'500
1,135
CONSUMER PRICES!
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
ALL ITEMS, WAGE EARNERS AND CLERICAL WORKERS, REVISED (CPI-W)f
1967=100..
ALL ITEMS, ALL URBAN CONSUMERS
(CPI-U)1
1967=100.
Special group indexes:
All items less shelter
do
All items less food
do
All items less medical care
do
Commodities
do
Nondurables
do
Nondurables less food
do
Durables
do
Commodities less food
do
Services
do___
Services less rent
do...
Food 9
do.
Food at home
..do.
Housing
_do_._
Shelter 9
do...
Rent
do...
Homeownership
do...
Fuel and utilities9
do...
Fuel oil and coal
dp...
Gas (piped) and electricity
.do...
Household furnishings and operation
do...
Apparel and upkeep
_do...
Transportation
...do...
Private
do...
New cars
do...
Used cars
do...
Public
do...
Medical care
do
181.5
195.4
179.1
178.4
180.3
191.3
191.2
194.0
174.7
178.9
166.5
163.2
165.1
194.3
201.6
192.2
190.2
186.5
191.1
153.5
204.9
202.2
283.4
213.4
167.5
154.2
177.2
176.6
142.9
182.8
182.4
202.4
187.1
192.0
174.3
173.9
174.7
210.9
219.4
211.4
210.2
1 202.8
210.4
2 164. 0
227.2
3
216.0
4
298. 3
232.6
' 177. 7
159.6
185.5
185.0
153.8
186.5
187.8
219.4
Seasonally Adjusted A ®
All items, percent change from previous month
Commodities
1967=100.
Commodities less food
do—_
Food
do__.
Food at home
Fuels and utilities
Fuel oil and coal
Apparel and upkeep
Transportation
Private
New cars
Services
PRODUCER PRICESd"
do_
do_
do_
do_.
do_.
do..
do_.
do_
191.5
188.1
187.4
190.1
193.3
189.9
189.0
191.9
195.3
191.8
190.6
193.9
189.3
188.6
185.5
187.5
183.5
194.4
193.6
190.7
192.7
188.8
175.4
174.1
172.8
173.7
171.8
175.9
175.3
172.0
173.9
169.9
176.3
175.4
173.0
174.4
171.3
213.4
211.7
208.0
209.9
206.5
222.2
220.4
216.2
218.3
214.6
215.4
215.0
210.3
213.8
207.5
214.5
214.7
213.9
209.7
206.5
1
1
202.0 » 203.8 205. 2
198. 3 i 199. 9
213.3
211.3
206.6
208.9
204.7
2
161.5 3162. 7 2 163. 6 2 164. 2 165.1
228.3
230.6
225.3
222.
5
220.4
3
3
3
3
213. 9 4 215. 5 4 217. 5 218.0 3 218.1
4
295.1 < 294. 5 * 294. 2
296. 6 295. 6
236.9
237.2
236.5
232.5
229.2
177. 6 178.1 •178.9
175. 0 176. 0
158.0
159.6
159.9
159.8
158.4
187.2
188.1
185.5
183.2
181.1
186.8
187.7
185.0
182.6
180.3
153. 9
153.8
153.5
152.5
151.2
195.9
196.7
191.5
184.6
177.3
187.7
187.6
187.2
187.4
187.3
219.4
221.4
217.9
216.9
215.7
0.9
186.9
173.7
213.5
213.1
3
217. 6
* 296.8
160.0
184.2
183.8
154.2
210.5
208.7
0.6
187.7
174.7
213.7
212.7
3
218.2
4
297.0
159.2
185.6
185.2
155.5
212.2
229.6
240.8
221.1
209.6
228.9
234.9
224.7
210.7
0.8
183.9
171.6
208.1
207.1
3
213.5
4
295.0
158.9
181.8
181.1
151.2
206.9
0.8
185.3
172.6
210.5
209.9
3
215.5
* 295.9
159.7
182.9
182.3
152.7
225.0
237.9
216.5
206.5
228.1
243.7
217.8
208.0
190.5
191.8
195.4
196.6
177.1
178.1
177.2
178.8
177.8
179.1
215.6
217.6
224.6
226.7
215.6
216.8
214.1
215.4
1
207.5 209.5
216.2
218.6
8
166.4 « 167.4
234.2
237.0
3
218.8 3 220.1
4
295. 7 4 300.1
237.9
240.0
1
180.5
181.9
161.9
163.3
188.7
189.7
188.3
189.4
153.5
155.5
195.9
195.4
188.2
189.3
222.6
224.7
195.8
192 9 194.2
201.0
197! 5 198.8
180.3
179.1
180.0
182.0
180.0
181.2
181.9
180.3
181.3
221.1
218.6
219.2
230.4
227.8
228.2
223.9
217.8
219.4
223.1
217.9
216.1
210.6
211.5 1 213.1
220.1
221.0 2 222.8
2
170.3
168.5 2 169. 5
238.8
239.5 3 241.6
3
221.5
218.5
3 219. 9 4
4
316.4
306.1 4 311.8
239.5
234.9 1 236.2
1
184.8
183.0
184. 0
160.7
164.1
163.2
193.9
191.4
192.6
193.8
191.1
192.5
161.2
158.5
159.8
193.6
194.7
194.0
190.0
189.7
189.1
230.7
227.0
227.8
0.9
0.6
190.2
188.7
177.2
175.7
216.0
214.6
214.5
213.2
3
3
219. 6
218.9
* 297.9 * 300.3
160.9
160.0
188.2
186.9
187.9
186.5
156.9
156.2
215.7
213.8
0.8
191.7
178.5
217.9
216.5
3
221.0
4
303.2
161.7
189.0
188.8
155.3
217.6
0.6
193.0
179.8
219.2
217.8
3
218. 9
* 306.8
161.9
191.2
191.1
157.0
218.7
0.6
194.6
181.3
221.3
220.1
3
220.0
4
310.3
161.8
193.2
193.2
157.3
219.5
243.0
248.7
239.1
212.4
251.0
253.1
249.4
214.9
252.2
248.3
254.8
215.7
250.8
249.1
251.8
217.5
203.7
206.0
203.8
206.3
207.6
210.1
200.5
203.3
206.9
209.9
185.7
189.6
184.9
187.2
185.9
188.9
225.1
227.0
235.0
237.1
230.4
232.3
229.9
231.7
1 217. 6 1219.8
228.0
230.7
2 171.3 2 172.0
248.2
251.7
3
225. 9 3 227.5
* 339. 5 4 349. 8
244.0
245.3
1 187. 4 1 188.6
164.3
165.4
198.1
202.9
198.1
203.2
162. 7 164.3
195.4
200.0
191.5
192.6
233.9
235.1
214.1
208.4
208.9
212.7
205.8
212.8
193.2
189.2
191.6
229.5
239.8
234.3
233.4
1
222. 4
233.5
2
173.8
254.9
3
232.2
4
364.3
251.6
1
189.2
166.1
207.7
208.1
165.8
205.4
193.3
236.3
1.0
0.9
1.2
201.3
196.7
199.1
186.9
182.9
184.8
230.5
224.5
228.1
230.0
223.7
227.7
3
3
3
225.1
222. 6
220.9
4
312.3 * 320.3 * 335.5
165.2
162.7
162.2
199.9
197.5
195.4
200.0
197.5
195.4
162.1
161.0
159.1
225.1
223.1
220.7
1.1
203.8
189.4
232.7
232.4
3
227.2
4
348.1
166.0
203.8
204.0
164.3
227.2
1.1
205.7
191.4
234.3
233.5
3
232.1
4
364.7
166.0
207.5
207.9
166.1
230.1
(U.S. Department of Labor Indexes)
Not SeasonallyAdjusted
Spot market prices, basic commodities:
22 Commodities
1967=100_
9 Foodstuffs
do_._
13 Raw industrials
do.-_
All commodities
do
By stage of processing:
Crude materials for further processing do___
Intermediate materials, supplies, etc
do___
Finished poods 0
do
Finished consumer goods
do
Capital equipment
do
By durability of product:
Durable poods
do.
Nondurable goods
do
Total manufactures
do
Durable manufactures
do___
Nondurable manufactures
do
5
209.6
5 208.2
5
210.4
194.2
« 217.1
* 239.1
s 230.6
209.3
236.2
241.4
232.6
210.6
245.4
215.1
194.5
193.0
198.1
245.4
216.0
196.0
194.6
199.2
240.2
217.3
195.6
193.6
200.0
244.8
218.7
197.1
195.4
201.1
249.2
220.8
199.6
197.5
204.4
188.1
204.9
201.5
202.8
204.1
198.4
211.9
209.5
211.3
213.2
190.1
204.2
201.0
202.5
203.9
188.1
204.7
201.3
202.6
203.9
191.8
203.0
200.0
201.7
203.2
r
Revised.
*> Preliminary,
i Includes TV and
sound equipment and repairs formerly
3
m "health and recreation."
2 Residential.
Includes additional items not previously
5
priced.
< Includes bottled gas.
Computed by BEA.
iData revised back to 1965
to reflect new base weights; comparable data for earlier periods will be shown later.
9 Includes data for items not shown separately.
§ Ratio of prices received to prices paid
(parity index).
TData through December 1977 are for urban wage earners and clerical
workers; beginning January 1978, there are two indexes, all urban wage earners and clerical
' 205.5
213.9
205.0
205.3
203.9
207.3
212.1
205.7
207.1
203.4
' 208.2
214.7
207.3
208.0
205.
210.7
217.3
209.7
210.5
208.0
214.3
201.7
180.6
178.9
184.5
240.2
377.5
194.6
192.6
199.1
239.0
212.5
191.5
189.7
195.6
241.2
213.9
193.1
191.4
196.9
255.3
250.9
258.3
' 220.8
268.0
260.2
273.5
277.4
261.8
288.5
276.3
251.8
294.5
277.1
254.4
293.8
223.9
226.4
229.7
231.6
276.5
231.1
208.8
207.6
211.4
279.9
235.3
211.2
210.0
213.6
282.2
237.7
212.4
211.3
214.7
220.6
230.1
219.4
219.4
218.6
223.4
233.9
222.8
222.2
222.6
224.2
236.7
224.6
223.2
225.4
248.4
222.0
200.3
197.9
206.1
252.5
223.0
202.5
200.5
207.0
260.2
225.7
' 205.4
' 203.7
r
209.3
270.5
228.3
207.4
206.1
210.5
212.1
217.5
' 210. 7
211.8
•208.
213.0
219.9
212.0
212.7
210.5
r
216.3
' 223.4
' 215.0
' 215.8
213.4
218.6
227.2
217.2
217.7
215.9
r
workers, revised (CPI-W), and all urban consumers (CPI-U). These indexes reflect improved
pricing methods, updated expenditure patterns, etc.; complete details are available from
Bureau of Labor Statistics, Washington, D.C. 20212.
ABeginning Jan. 1978, CPI-U.
d"For actual producer prices of individual commodities see respective commodities. All
data subject to revision four months after original publication.
0 Goods to users, incl. raw foods and fuels.
© Beginning March 1979 SURVEY, data
have been revised (back to 1967) to reflect new seasonal factors.
SUK\ TEY OF C
June 1979
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
KJNT
1978
Annual
LJN E $IS
S-9
1978
Apr.
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
COMMODITY PRICES—Continued
PRODUCER PRICEScf—Continued
(U.S. Department of Labor Indexes)—Continued
All commodities—Continued
Farm prod., processed foods and feeds. 1967=100.
Farm products 9
do...
Fruits and vegetables, fresh and dried- d o . . .
Grains
do...
Live poultry
do...
Livestock
do...
Foods and feeds, processed 9
Beverages and beverage materials
Cereal and bakery products
Dairy products
Fruits and vegetables, processed
Meats, poultry, and
fish
do.
do.
do.
do.
do.
do.
188.8
192.5
192.2
165.0
175.4
173.0
206.7
212.7
218.2
182.5
199.8
220.1
205.5
213.7
227.3
198.7
196.0
218.1
207.6
215.8
220.1
189.2
194.5
230.3
210.4
219.5
230.3
188.1
221.6
236.2
210.3
219.9
252.4
183.8
246.5
226.8
205.3
210.3
215.3
178.9
204.8
216.6
209.4
215.1
208.0
176.9
211.1
226.8
213.2
219.4
214.2
182.0
184.9
235.1
212.3
218.2
207.0
189.0
192.4
222.4
216.2
222.7
221.6
184.7
198.5
230.1
221.0
' 230.4
230.7
184.4
206.0
247.3
227.0
240.5
259.5
189.3
217.8
266.5
228.8
242.5
232.2
192.0
217.6
275.8
231.2
245.9
237.2
198.3
209.4
284.0
230.8
245.2
226.5
210.3
216.3
280.7
186.1
201.0
173.4
173.4
187.4
182.0
202.6
200.1
190.2
188.4
202.6
217.1
200.2
200.1
188.8
184.5
196.5
211.7
202.4
199.5
188.2
184.5
197.4
220.4
204.6
200.0
190.0
185.4
198.8
226.2
204.2
198.4
191.0
186.1
200.4
224.4
201.8
196.9
192.5
190.8
203.3
215.9
205.5
197.8
191.0
192.9
205.1
224.4
209.0
201.1
193.3
197.0
210.1
228.2
208.2
201.4
196.2
199.6
216.3
220.9
211.8 ' 215.2
201.0 '200.9
196.8 ' 197.2
202.8
203.4
218.4
218.4
229.2
240.3
218.7
201.3
199.1
203.1
219.3
248.5
220.4
201.4
200.0
204.8
219.5
250.5
222.3
201.6
203.0
207.0
220.4
252.9
222.1
205.3
205.0
207.9
221.3
250.4
do.
195.1
209.4
206.1
207.4
208.7
210.1
211.4
212.5
214.7
216.0
217.2
••220.0
222.4
225.1
228.6
231.1
Chemicals and allied products9__
Agric. chemicals and chem. prod
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Prepared paint
.do.
do.
do.
do.
do.
do.
192.8
187.8
223.9
140.5
279.0
182.4
198.8
198.2
225.5
118.1
315.8
192.4
196.9
192.3
224.2
146.2
301.3
191.6
198.6
203.5
224.0
146.6
315.2
192.6
198.9
202.6
224.0
147.8
313.2
192.6
199.8
202.1
225.1
148.5
335.6
192.6
199.5
202.1
226.4
148.9
312.9
192.6
200.3
202.7
226.4
149.6
338.5
192.6
201.6
203.4
228.1
150.3
340.0
192.6
202.3
202.3
227.4
152.1
361.2
196.5
214.7
209.4
247.5
157.5
448.7
203.3
217.7
209.6
255.4
157.7
418.3
201.3
do.
do.
do.
do.
do.
302.2
389.4
232.9
387.8
308.2
322.5
430.0
250.7
429.1
321.0
317.3
426.4
250.6
428.6
311.7
319.7
432.4
252.6
428.8
314.5
323.2
434.5
256.9
428.8
318.4
324.5
437.1
254.8
430. 6
321.1
324.9
441.7
253.6
425.3
323.3
326.7
442.7
252.5
431.4
325.7
328.5
443. 9
252.7
429.2
329.4
329.7
442.2
250.3
433.9
331.9
207.0
202.9
236. 4
155.8
367.9
202.3
342.4
444.7
252.2
458.6
348.8
209.5
205.6
239.5
156.4
398.5
202.3
Fuels and related prod., and power 9
Coal
Electric power
Gas fuels
Petroleum products, refined
202.3 ' 205.0
201.9 '201.7
229.1
233.4
153.2
155.4
332.9
336.1
198.7
198.9
334.3 '338.1
443.8
444.6
250.7
251.6
444.6 '449.9
338.2 ' 343.9
350.5
445.3
257.4
471.3
359.4
361.9
447.5
260.8
478.1
379.2
377.3
451.0
266.2
505.4
399.5
Furniture and household durables 9
Appliances, household
Furniture, household
Home electronic equipment
do.
do.
do.
do.
151.5
145.1
162.2
87.7
160.1
152.8
173.4
89.3
158.4
152.4
169.9
88.7
159.2
152.4
170.7
90.0
159.5
152.7
172.3
88.5
161.4
153.5
174.6
90.8
161.8
154.0
175.6
90.8
162.0
154.2
176.1
91.6
162.9
154.5
177.9
91.3
163.5
155.6
178.8
91.5
164.6 ' 166.6
155.7
156.6
179.3
180.9
92.3
89.6
168.9
159.1
184.5
89.8
do.
do.
do.
do.
do.
do.
179.3
168.7
286.7
201.0
236.3
276.5
200.1
183.2
360.5
238.6
275.9
322.1
191.9
180.0
320.5
217.4
269.6
316.7
193.6
180.9
321.7
217.3
273.4
316.5
195.3
181.1
346.5
217.4
278.5
320.8
197.3
181.7
360.4
224.5
277.5
319.1
205.1
184.0
400.8
251.9
281.6
326.7
210.7
186.0
435.3
269.4
282.8
332.2
213.0
190.7
427.9
269.4
284.2
334.5
215.8
192.2
417.0
278.7
290.0
342.0
216.2 ' 223.4
194.3
196.9
401.3
452.8
279.6
292.8
288.6 ' 290.2
339.1
336.6
167.5
158.4
181.5
89.6
254.1
210.5
647.5
371.9
299.3
350.1
167.8
158.6
182.6
89.7
Hides, skins, and leather products 9
Footwear
Hides and skins
Leather
Lumber and wood products
Lumber
166.7
157.9
181.2
89.6
232.8
203.6
505.7
309.2
292.3
339.9
259.3
212.6
642.2
393.6
304.5
355.1
269.3
215.8
666.9
429.4
302.8
354.8
Machinery and equipment 9
do..
Agricultural machinery and equip
do..
Construction machinery and equip
do.
Electrical machinery and equip
do.
Metal working machinery and equip. _ .do.
181.7
197.9
213.5
154.1
198.5
196.0
212.8
232.8
164.9
216.9
192.7
209.0
228.4
162.7
212.2
193.9
209.7
230.3
163.4
214.0
195.3
210.8
231.1
164.6
215.6
196.5
212.2
232.8
165.4
216.7
197.5
214.1
234.6
165.8
218.2
200.5
218.6
240.4
167.5
223.8
202.7
220.6
242.3
169.6
226.3
203.8 ' 205.1
221.9
221.8
243.8
245.2
170.5 ' 171.2
228.2 '230.4
209.2
225.1
250.6
174.6
234.9
210.8
227.0
252.7
176.1
237.2
do.
do.
do.
do.
209.0
165.5
230.4
195.4
223.9
172.7
252.0
202.9
224.6
173.4
252.0
203.2
225.9
173.9
252.5
205.4
227.3
174.4
253.9
205.9
231.0
176.2
258.6
211.1
234.1
176.9
259.9
217.1
235.5
177.2
261.7
218.2
236.6 ' 241.9
179.1
180.1
263. 2 ' 272.4
219.0 ' 223.5
251.6
183.6
279.8
246.0
255.5
183.9
279.8
257.9
Nonmetallic mineral products 9
Clay prod., structural, excl. refrac
Concrete products
Gypsum products
Pulp, paper, and allied products
Paper
Rubber and plastics products
Tires and tubes
do
do
do
do
do
do
do
do
200.5
179.8
191.8
183.5
186.4
194.3
167.6
169.9
227.1
174.4
253.5
207.7
222.8
197.1
214.0
229.1
195.5
206.1
174.7
179.1
206.2
222.7
247. 1
172.4
231.8
247.3
181.2
274.6
238.8
207.4
223.6
247.7
173.7
232.7
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
198.8
217.8
237.0
166.4
220.3
231.4
176.0
258.5
211.4
218.4
193.7
207.9
221.2
191.9
202.7
172.8
175.1
219.3
194.2
209.7
228.2
193.2
204.0
173.8
178.8
222.0
195.5
211.8
230.2
193.5
205.1
174.5
179.5
224.7
196.6
214.4
234.0
195.5
206.8
174.9
179.9
227.2
197.7
219.7
235.9
195.8
208.0
175.7
180.0
228.2
202.3
221.4
236.0
199.0
210.2
176.7
180.4
229.1
202.4
222.2
236.8
202.4
213.0
178.1
184.5
230.0
204.4
222.9
242.1
203.9
214.0
179.4
187.7
231.1 ' 238.3
206. 5
209.7
224.2
235.0
242.7
247.6
205.2 ' 207.0
214.6
217.4
179.7 ' 180.8
188.8
191.4
240.3
210.7
236.3
250.6
208.4
220.8
183.1
193.8
240.5
212.8
237.8
251.0
211.8
222.9
185.5
194.7
242.9
214.8
239.9
252.2
214.5
225.9
188.2
194.8
159.7
109.7
102.3
118.6
103.8
152.4
178.6
173.4
175.9
157.9
109.2
101.1
113.9
103.1
150.7
176.1
158.6
109.5
101.0
117.3
103.3
151.0
177.0
159.2
108.9
101.6
117.8
103.1
152.1
178.7
160.0
108.9
101.9
119.2
103.2
153.0
179.4
160.5
109.1
102.4
120.9
103.4
153.5
179.2
161.3
109.1
103.3
124.2
104.1
153.3
180.3
162.3
109.4
104.0
126.5
104.5
154.1
181.0
163.2
110.6
105.3
126.7
104.8
155.3
180.5
163.6 ' 164.1
110.6
113.3
104.7
105.3
125.9
125.6
106.0
106.4
155.5
157.1
183.4
181.8
172.0
174.6
172.4
175.0
172.8
175.5
173.1
175.8
173.6
175.9
179.2
181.8
180.1
182.5
180.5 ' 182.7
182.8 ' 185.0
165.1
113.8
106.7
123.2
105.1
158.1
187.4
183.5
185.8
166.0
115.4
106.0
124.4
105.6
159.3
187.6
170.5
172.9
165.0
113.7
105.3
123. 2
106.8
157.5
186.0
183. 5
185.9
255.7
185.3
279.0
256.5
245.2
215.7
241.2
248.8
215.8
227.5
190.2
195.7
166.8
117.6
107.0
124.6
106.6
159.3
188.0
186.8
189.5
Industrial commodities
Textile products and apparel §
do
Synthetic
fibers
Dec. 1975=100..
Processed yarns and threads
do
Gray fabrics
do
Finished fabrics
do
Apparel
1967=100.
Textile house furnishings
do
154.0
107.3
100.9
104.7
103.7
147.3
171.3
Transportation equipment 9...Dec. 1968=100..
Motor vehicles and equip
1967 = 100..
161.3
163.7
186.5
189.2
Seasonally Adjusted?
All commodities, percent change from previous
month
By stage of processing;
Crude materials for further processing. .1967=100..
Intermediate materials, supplies, etc
do
Finished goods O
do
Finished consumer goods
do
Food
do
Finished goods, exc. foods
do
Durable...
do
Nondurable
do
Capital equipment
do
1.1
0.7
0.8
0.4
0.3
0.8
1.3
0.7
0.6
'1.3
1.2
0.7
233.8
212.0
191.5
189.7
203.8
180.8
163.0
192.4
195.7
235.9
213.3
192.8
190.8
204.4
182.2
165.3
193.3
197.2
240.9
214.4
194.2
192.3
207.2
183.0
165.6
194.4
198.7
241.5
215.4
195.6
193.7
207.4
184.9
168.5
195.5
200.1
241.5
216.8
196.1
194.0
206.6
185.9
169.8
196.3
201.0
245.7
218.2
197.7
195.8
209.7
186.9
171.0
197.2
202.1
253.4
220.7
199.4
197.7
213.6
187.9
170.5
199.2
203.1
256.0
222.4
200.9
199.1
215.1
189.2
171.2
200.9
204.9
257.3
224.0
202.5
200.9
217.3
190.7
172.1
203.0
206.4
263.4
' 226.7
' 205.3
' 203.8
' 221.3
'T 193.1
174.2
' 205.6
' 208. 5
272.2
229.0
207.3
206.1
224.7
194.7
175.4
207.4
210.1
275.0
231.3
209.3
208.4
227.5
196.8
176.4
210.2
211.3
273.9
234.7
211.2
210.0
226.9
199.5
177.9
213.7
213.7
276.0
237.0
212.0
210.7
224.0
202.0
179.2
217.1
215.1
By durability of product:
Total manufactures
Durable manufactures
Nondurable manufactures
200.8
201.1
199.8
202.1
202.4
201.5
203.5
203.9
202.0
204.4
205.5
202.5
205.5
207.3
203.2
207.3
208.4
205.3
209.6
209.9
208.1
211.0
211.8
209.3
212.6
213.1
211.3
' 215.4
' 216.0
' 214.0
217.6
217.7
216.8
219.8
219.4
219.3
222.6
222.0
222.4
224.2
223.0
225.2
212.8
200.6
212.8
202.0
217.8
203.0
216.0
201.7
210.8
201.9
215.4
204.9
221.7
209.6
224.1
210.4
225.2
212.4
' 231.8
215.0
239.0
218.9
243.9
222.1
245.1
222.7
241.5
221.5
$0,522
.522
$0,518
.517
$0,514
.512
$0,510
.508
$0,511
.506
$0,507
.502
$0,501
$0,499
.495
$0.494
.493
$0.487
.489
$0,482
.483
$0.479
.478
$0,473
.473
iO. 471
.467
do.
do.
do.
Farm products
do
Processed foods and feeds
do
PURCHASING POWER OF THE DOLLAR
As measured by—
Producer prices A1967=$1.00..
Consumer prices ©
...do
$0,554
.551
$0, 514
.512
' Revised. © Beginning Jan. 1978, based on CPI-U; sse note "IT for p. S-8. d1 See
corresponding note on p. S-8.
9 Includes data for items not shown separately.
§ Effective with Jan. 1976 reporting, the textile products group has been extensively reclassified;
no comparable data for earlier periods are available for the newly introduced indexes.
X Be-
294-398 O - 79 - S2
1.3
1.2
ginning in the March 1979 SURVEY, data have been revised (back to 1967) to reflect new
seasonal factors.
O See corresponding note on p. S-8.
A Beginning Jan. 1979 SURVEY,
monthly and annual data have been restated to reflect the purchasing power of the dollar as
measured by finished goods; comparable data prior to Nov. 1977 will be shown later.
SURVEY OF CURRENT BUSINESS
S-10
1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1978
1978
Apr.
Annual
June 1979
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
15,412
16,867
May
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE J
202,218
15,319
19,175
19, 924
19,842
19,818
18,971
16,847
12,159
7,252
5,669
17,263 !
I
13,440
8,271 !
6,366
18,799
134. 724 157,457
Private, total 9
do
80, 956 93,087
Residential (including farm)
do
65, 749 75, 491
New housing units
do
Nonresidential buildings, except farm and pub35,697
lic utilities, total 9
mil. $_. 28,695
10, 760
7,712
Industrial
do
18, 279
14,
783
Commercial
do
Public utilities:
5,323
4,345
Telephone and telegraph
do
14,558
8,927
7,011
14, 736
9,159
7,382
15, 080
9,305
7,543
15,045
9,077
7,436
15,173
8,825
7,332
14,755
8,430
7,041
13, 345 11,105 '10,677 12,435 13,527
6,003 ' 5f 732 r 6,756 7,612
7,271
5,865
5,973 4,884 ' 4,698 '5,465
2,672
750
2,825
735
3,207
950
1,661
3,359
1,057
1,697
3,437
1,114
1,720
3,559
1,110
1,844
3,479
1,078
1,788
3,354
1,163
1,634
2,811
933
1,397
2,793
958
1,361
1,365
3,171
966
1,627
1,524
417
516
443
469
485
544
499
499
372
351
438
mil. $__ 172,552
New construction (unadjusted), total
do.
37, 827
44,761
do
do
do
do
do
12, 751
959
1,146
1,517
9,372
15,236
1,083
1,259
1,460
10,350
Public, total 9
Buildings (excluding military) 9
Housing and redevelopment
Industrial
Military facilities
Highways and streets
New construction (seasonally adjusted at annual
rates), total
bil. $..
Private, total 9
do.
Residential (including farm)
do
New housing units
do
Nonresidential buildings, except farm and public utilities, total 9
bil. $..
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph
do
3,328
1,192
1,586
3,434
1,160
1,689
480
3,159
1,173
66
107
120
548
4,240
4,439
4,844
4,797
4,644
4,216
3,502
2,858
2,587
3,823
1,353
92
106
120
897
1,386
91
119
113
1,067
1,468
94
114
124
1,148
1,482
95
118
128
1,413
1,465
116
103
146
1,271
1,406
103
102
115
1,310
1,349
125
102
122
1,020
1,205
108
104
123
711
1,173
84
103
130
386
1,024
91
99
114
326
1,157
'95
'134
147
'412
195.0
201.3
206.3
209.9
208.4
209.8
212.0
215.8
218.5
208.6
205.6
'211.9
214.4
153.5
156.2
161.1
161.5
160.3
161.9
164.1
167.9
171.0
162.3
163.9
• 168.7
170.4
92.2
74.4
94.3
75.1
95.4
76.6
94.8
77.1
94.7
76.8
95.2
76.8
97.6
78.9
98.8
80.5
92.2
74.6
94.1
'77.0
'94.8
'76.3
96.6
76.9
33.2
9.2
17.2
34.2
8.7
18.5
37.3
11.3
19.2
95.7
77. 7
37.7
11.2
19.5
37.6
12.0
18.8
38.2
12.6
18.9
12.6
19.4
39.7
12.5
20.3
40.2
13.3
20.1
38.4
12.5
19.3
38.2
13.0
18.8
'42.9
'15.2
'20.6
42.6
14.3
21.1
• 2,978 3,340
1,195
88
110
122
602
5.3
5.0
5.6
5.5
5.1
5.9
5.5
6.1
6.0
do.
41.5
45.1
45.2
48.4
48.2
48.0
47.9
47.9
47.6
46.3
41.8
'43.2
44.1
do
do
do
do___.
do
14.8
.9
1.2
1.5
8.5
16.4
1.2
1.2
1.4
10.6
16.0
1.0
1.3
1.4
10.3
16.8
1.0
1.6
1.5
9.8
16.4
1.1
1.6
1.5
11.4
16.0
1.2
1.3
1.6
10.9
15.8
1.1
1.2
1.4
11.4
15.5
1.4
1.3
1.4
11.0
15.0
1.3
1.2
1.4
11.9
15.7
1.2
1.2
1.6
10.0
14.2
1.3
1.2
1 4
9.0
'15.3
1.3
'1.5
1.7
'8.9
15.1
1.2
1.3
1.5
9.3
17. 785
202
14,169
153
14,711
173
15,597
177
13,816
182
14,863
193
11,557
173
10,716
181
14,166
231
13,947
186
4,097
13, 688
3,551
3,569
10, 618 11,141
3,857
11, 740
3,499
10,317
3,099
11,764
10,185
184
2,978
7,207
2,984
7,732
6,595
7,571
3,878
10,069
15,396
187
3,508
11,888
3,412
4,632
6,122
4,227
6,870
2,850
4,260
5,969
5,167
Public, total 9
Buildings (excluding military) 9
Housing and redevelopment
Industrial
Military facilities
Highways and streets
13,963 I'13,264
5.5
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F. W. Dodge
Division, McGraw-Hill):
Valuation, total
mil. $__ 139,723
U54
Index (mo. data seas, adj.)©
1972=100-.
158, 438
i 174
mil. $.. 36,917
102,805
do
38,827
119,610
13,189
169
3,594
9,595
do
do
do
35,086
62,017
42,620
44,373
74, 531
39, 534
3,470
6,854
2,864
4,538
7,652
5, 596
3,768
7,722
2,679
4,534
6,710
3,466
3, 945
6,910
4,742
4,572
6,317
2,926
4,141
6,821
3,901
3,532
5,921
2,104
3,096
4,781
2,308
3,952
4,468
2,296
do
91, 702
112, 069
7,014
6,556
8,771
9,071
9,756
5,882
9,837
13,209
14,269
9,936
1,989.8
1,377.9
1,987.1
1, 450.9
2,021.5
2 833.2
2,020. 3
1,433.3
197. 5
141.8
197. 5
139.9
211.1
146.2
211.0
154.9
216.1
149.7
216.0
154.3
192. 3
190. 9
181.1
192.1
158.6
121.4
88.4
84.7
153.3
- 160.4
131.2
(2)
192.2 I 190.9 I 180.5
139.3
140.0
124.6
192.1
131.1
158.6
110.4
119.5
81.4
88.2
57. 5
84.5
59.3
152.9
109.8
• 160.1
• 120.6
2,176
1,482
2,037 i 2,093
1,463
1,439
2,104
1,455
2,004 i 2,024
2,054
1,431 ! 1,432 1,436
2,107
1,502
2,074
1,539
1,679
1,139
1,381
953
1,786
1,266
• 1,735
" 1,273
1,787 i 1,645 i 1,870
1,175
1,087 ! 1,157
1,655
1,053
1,606
1,041
1,723
1,093
1,723 I 1,670
1,114 I 1,079
1,706
1,169
1,349
850
1,334
819
1,531
981
• 1,435
'966
20.2
255
28.0
267
24.1
275
25.8 i 22. 2
286 ! 280
Public ownership
Private ownership
By type of building:
Nonresid ential
R esid ential
Non-building construction
New construction planning
(Engineering News-Record) O
11, 752 13, 750 11,070
HOUSING STARTS AND P E R M I T S
New housing units started:
Unadjusted:
Total (private and public)
Tnsido SMSA's
Privately owned
One-family structures
thous.
do...
do...
do.. -
Seasonally adjusted at annual rates:
Total privately owned A
One-family structures A
do.
do.
New private housing units authorized by building
permits (14,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
thous..
One-family structures
do
Manufacturers' shipments of mobile homes:
Unadjusted f
thous
Seasonally adjusted at annual rates U
do._.
CONSTRUCTION COST INDEXES
Dept. of Commerce-composite d*
1,690
1,126
1,687
1,092
277.0
275.6
23.2
260
26.6
268
26.4
270
156.6
176.0
169.2
171. 0
174.1
19.1 i 18.6 I 23.4
311 | 272 | 270
24.6
273
|
1972=100.. |
American Appraisal Co., The:
2,137
2,169
Average. 30 cities
1913 = 100
1,998
2,173 2,124
2,283
2,294 : 2, 309
Atlanta
.
do
2,141 | 2,322
2,181
2,191
2,211
New York
do
2.065 ! 2,222
2,216
2,230
San Francisco
do
2,063! 2,263 2,220
2,066
2,078
St. Louis
do
| 1,905 j 2,071 2,029
Boeckh indexes:
>
j
Average, 20 cities: §
i
|
156.7
Apartment, hotels, office buildings..1972=100. J
148.6 1 158.2
163.0
Commercial and factory buildings
do
I 152.8 1 164.3
158.8 i
Residences
do
! 148.5 i 161.8
1
2
•"Revised.
» Preliminary.
Computed from cumulative valuation total.
Data
no longer available; 1978 annual total represents Jan.-July.
JData for new construction have
been revised back to Jan. 1973 and are available from the Bureau of the Census, Washington,
D.C. 20233.
GData for June, Aug., Nov. 1978 and Mar. and May 1979 are for 5 weeks; other
mcnths 4 weeks.
9 Includes data for items not shown separately.
d^This index has
been revised to a new comparison base (1972=100); monthly data back to Jan. 1964 are avail-
17. 0
303
176.1 I 179.6 i 180.5 ! 183.8
185.6 I 186.8 187.1 | 188.3 i 189.0 189.2
2,180
2,348
2,211
2, 295
2,249
2,388
2,297
2,336
2,121
2,207
2,366
2,223
2,312
2,102
2,218
2,374
2, 229
2,321
2.1U
2,244
2,389
2,298
2,338
2,122
2,254
2,379
2,324
2,332
2,154
2,264
2,431
2,331
2,337
2,161
2,268
2,430
2,353
2,372
2,157
2,28"
2,4461 I
2, 359
2,427
2,173
2,291
2,446
2,360
2,428
2,173
2,325
2,467
2,375
2,449
2,235
169.3
165.8 i
164.9
163..
160.7
158.8 i__
178.3
173.2
179 2
170.9 I
165.2 L .
167.5
! 173.9
17L6 ".'.'.'.'."; 172.0 ;
162.0 I..
166.4 i
! 170.8 !
able upon request.
§ These indexes are restated on the 1972 = 100 base; monthly data back
to 1972 will be shown later.
0 T h i s index has been revised to a new comparison
base (1972 = 100); monthly data back to Jan. 1970 are
available upon request.
AMontnly
r
revisions back to Jan. 1976 will be shown later.
Revised unadjusted data for Jan.-Dec.
1976 and seasonally adjusted data for Jan. 1974-Dec. 1976 will be shown later.
S-ll
SURVEY OF CURRENT BUSINESS
June 1979
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
Apr.
Annual
1979
1978
1978
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
256.7
267.0
257.5
267.4
257.6
267.9
259.0
268.7
259.3
May
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES—Con.
Engineering News-Record:
Building
Construction
1967=100..
do
Federal Highway Adm.—Highway construction:
Composite (avg. for year or qtr.)
1967=100.
228.6
240.0
247.7
258.4
216.4
264.9
240.0
251.2
244.6
254.4
246.2
256.3
251.0
262.6
252.3
263.3
254.5
265.4
254.8
265.4
256.3
266.4
259.9
i 269. 2
277.2
302.7
296.1
258.1
1
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted 9 c?
Seasonally adjustedd*
1947-49=100.
do...
Iron and steel products, unadjusted
do
Lumber and wood products, unadjusted-do
Portland cement, unadjusted
do
180.4
147.3
199.8
208.7
158. 6
196.6
225.2
158.9
194.2
226.5
176.4
209.6
268.6
180.9
205.0
297.8
153.2
177.6
261.6
173.8
207.2
301.2
159.4
198.7
266.4
173.2
204.8
113.3
118.8
211.8
192.7
11.0
133
18.9
210
12.0
113
16.3
171
9.7
104
16.7
177
10.9
132
15.4
188
11.1
122
17.7
187
101
14.9
188
11.6
133
17.0
190
158. 8
193.4
226.4
152.6
181.8
173.2
148.4
11.1
148
15.5
207
8.0
120
13.2
222
9.4
145
15.7
217
99.5
REAL ESTATE H
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
8.3
113
14.6
194
12.7
143
21.4
238
12.2
140
18.8
199
15.2
143
19.5
205
Home mortgages insured or guaranteed b y Fed. Hous. Adm.: Face amount;
mil. $. 8,840.84 11,139.97 714. 60 868. 92 805. 68
16.60 1,049.48 867.76 1,916.27 905.02 565.36 1,420.67 1,422.09 1, 467. 691,045.24 1,453.98
Vet. Adm.: Face amount§
d o . . . 13,753.02 14,470.40
1,180.30 1,108.57 1,178.68 1,319.00 1,536.24 1,178.75 1,115.62 1,176.51 1,418.91 1,367.36 1, 415. 681,071.90 1,082.49
988.96
Federal Home Loan Banks, outstanding advances
23,664 25,274 26,605 27,869 29,158 30,104 30, 975 32,670 32,489 31, 738 31,881 33,149 33,802
to member institutions, end of period
mil. $_. 20,173
32,670
22,957
New mortgage loans of all savings and loan associa5,691 r 7,707 8,629
6,679
10,436 11,472
tions, estimated total
mil. $._ 107,368 110, 294
9,674
8,426
9,305
9,165
9,031 10,398
By purpose of loan:
9,026
1,877
1,272 r 1,702
1,692
1,420
Home construct ion
do
20, 717
2,259 • 2,266
2,017 1,794
1,811
1,981
1,807
22,495
3,322 ' 4,620 5,263
5,117
3,961
6,423
Home purchase
do
66,060
6,077 5,775
6,830
6,049
7,358 5,756
68, 380
2,011
1,489
1,097
1,617
1,754
1,580
!
1,596
1,298
All other purposes
do
20,591
1,587
1,449
1,385
1,464
19,419
1,848
5,260
1,755
Foreclosures
.number.
Fire losses (on bldgs., contents, etc.)
mil. $..
3,764
2
3,689
370
311
355
320
295
302
311
DOMESTIC TRADE
ADVERTISING
McCann-Erickson national
seasonally adjusted:
Combined index
Network TV
Spot TV
Magazines
Newspapers
advertising
index,
259
295
268
224
240
211
237
229
174
198
241
269
263
209
214
236
259
260
200
222
237
267
262
200
209
243
269
274
211
210
242
267
264
218
209
252
282
254
226
236
247
289
252
221
205
250
284
284
206
218
254
277
283
220
228
256
293
273
223
219
254
279
262
226
241
Magazine advertising (general and natl. farm magazines):
Cost, total
mil. $.. 1,976.8
Apparel and accessories
do
68.6
Automotive, incl. accessories
do
177.1
Building materials
do
37.1
Drugs and toiletries
do
201.0
Foods, soft drinks, confectionery
do
150.3
2,374.2
86.1
227.7
46.3
219.4
186.9
212.7
231.0
189.7
162.9
146.9
8.7
5.1
3.5
6.0
20.9
22.8
19.5
17.8
3.9
2.1
13.8
259.5
10.8
29.2
19.8
15.7
22.0
14.3
19.7
14.9
13.7
14.3
13.9
13.4
215.9
11.8
12.4
5.1
19.8
16.3
263.5
9.2
23.1
18.5
21.6
24.6
207.8
6.4
16.1
2.7
19.8
16.4
153.6
5.4
12.9
1.9
13.6
9.9
188.2
<3.6
' 17.2
*2.3
« 19.1
' 17.8
133.3
110.0
55.0
33.7
194.3
813.0
193.3
152.2
58.4
37.4
204.7
965.2
12.9
14.7
17.5
11.3
4.5
2.5
18.1
72.7
18.6
11.3
9.5
3.3
2.5
9.8
3.9
2.8
17.2
87.9
16.5
18.1
6.9
3.2
18.4
94.0
18.0
59.5
16.3
53.3
13.8
13.9
5.5
3.3
16.0
99.9
20.0
15.7
6.3
2.9
19.0
108.4
22.8
18.1
5.8
4. 0
18.2
108.5
29.3
9.0
4.8
3.0
16.7
83.4
Newspaper advertising expenditures (64 cities): ©
Total...
mil. $.. 5,696.1
Autom oti ve
.do
144.5
Classified
do
1,522.5
Financial
do
147.4
General
..
.
_do
752.3
Retail
d o . . . . 3,129.5
6, 643. 7
151.0
1, 884. 5
201.7
826.6
3, 579. 9
621.0
14.4
177. 5
19.8
84.4
324.8
600.8
13.7
165.5
19.2
80.7
321.6
578.2
12.9
165.8
23.3
73.9
302.3
523.2
10.9
172.9
17.1
50.9
271.3
488.7
10.8
162. 7
47.4
259.2
497.9
11.4
158.0
11.8
59.8
257.0
578.1
12.8
174.0
16.2
72.9
302.2
590.0
9.1
14.5
155.0
128.6
19.9
19.9
91.2 I 63.7
382.9
368.7
532.0
15.4
166.0
21.3
72.9
256.5
549.4
15.4
165.1
14.6
76.0
278.4
754,105
349,916
404,189
60,613
28,784
31,829
66, 249
30,405
35,844
65,834
30,991
34,843
60,651
28, 701
31,950
67,702
32,279
35,423
63,931
30,404
33,527
69,086 67,700
32,242 j 31,038
36,844 | 36,062
.1967=100
do
do....
do
do
Beer, wine, liquors
do
Household equip., supplies, furnishings..do
Industrial materials
do
Soaps, cleansers, etc
do
Smoking materials
do
All other
do
6.0
4.8
3.7
6.1
2.4
8.6
5.6
9.5
26.1
4.4
252
280
284
216
217
250.6
213.5
11.2
« 7.9
25.0
« c 21.5
4.8
3.3
25.4
« 22.3
15.2
<= 16.2
10.7 c e 12.2 « e 16.2 19.8
13.5
9.4
5.7
c
6.0
5.8
c 3! 9 c 5.0
c
3.6
4.1
« 2.8
2.7
22.8
15.7 e 19.9 c 19.5
103.3
87.2
82.6
639.6
18.2
193. 2
20.7
83.4
324.2
684.4
19.7
203.4
23.4
86.9
351.1
WHOLESALE TRADE O J
Merchant wholesalers sales (unadj.), total O mil. $
Durable goods establishments....
do
Nondurable goods establishments
do
642,104
285,605
356,498
Merchant wholesalers inventories, book value,
end of year or month (unadi.), total O mil. $
68,555
80,922 74,635 74,634 74,882
Durable goods establishments.
do.
43,676
51,646 47,957 48,918 49,627
Nondurable goods establishments
do
24,879
29,276 26,G78
26,078 25,716 25,255
!
j ^ Revised,
v PreliminaryIndex as of June 1, 1979: Building, 267.5; construction,
277.6 J Effective Dec. 1978, data are no longer available; annual total represents Jan.Nov. 1978.
M Includes data for items not shown separately.
§ Data include guaranteed
direct loans sold.
IF Home mortgage rates (conventional 1st mortgages) are under money and interest rates
on p. S-18.
e Source: Media Records, Inc. 64-City Newspaper Advertising Trend Chart.
^Monthly
revisions back to Jan. 1974 will be shown later.
64,527
29,340
35,187
63,739 I 61,721 i'r 74,319 70,566
28,284 28,141 j 34,689 j 33,439
35,455 33,580 | r 37,254 I 37,450
74,874 74,943 76,074 78,715 I 80,100 80,922 81,896 _3,9i; r 85,436 ! 85,450
49,900 49,841 49,944 50,462 i 50,971 51,646 51,860 53,807 r 54,381 !! 54,589
24,974 25,102 26,130 28,253 ! 29,129 29,276 30,036 30,110 r 31,055 30,861
©Beginning Nov. 1977 SURVEY, data revised to reflect new sample design, benchmarking
to the 1967 and 1972 Censuses, conversion of the classifications to the 1972 SIC, addition of
farm assemblers and bulk petroleum establishments, and revision and updating of seasonal
factors. Revisions back to Jan. 1967, as well as a summary of the changes, appear in the report,
Monthly Wholesale Trade: January 1967-August 1977 (Revised) available from the Census
Bureau, Washington, D.C. 20233. The revisions back to 1967 also appear on p. 34fi of the
May 1978 SURVEY.
{Effective March 1979 SURVEY, seasonally adjusted data for wholesale
trade have been revised back to Jan. 1978.
« Corrected.
SURVEY
S-12
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are a s shown in
the 1975 edition of BUSINESS S T A T I S T I C S
1977
CURRENT BUSINESS
1978
June 1979
1978
Apr.
Annual
May
June
July
Aug.
1979
Sept.
Oct.
Jan.
Nov.
Dec.
Feb.
Mar.
71,297
84,597
22, 563 24, 596 24,463
25,872
61,878
60,653
71,998 ' 70,383
21,100
21,131 • 26,071 ' 25,566 » 26,576
3,918 3, 560
2,699 2,263
749
632
13, 610 12,452
12,322 11,169
1,288 1,283
2,873
1,925
496
12,805
11,703
1,102
2,708
1,790
452
13,100
12,084
1,016
4,216
2,290
1,359
2,959
1,833
851
2,882 ' 3, 318 ' 3,149
1,796 ' 2, 105 2,024
842
882
'941
43, 371 42, 625 44, 204 43, 656 44, 019 46,834 58, 725
8,106
7,497 8,165 8,024 8,262 9,883 15,784
6,522 5,965
6,520 6,468 6,610
7,908 12, 635
631
1,273
627
712
605
649
40,778
5,946
4,747
476
39,522 ' 46,127 44,817 i 47,309
5,925 ' 7,881 ' 8,151 i 8,593
4,700 ' 6,304 ' 6,516 i 6,930
653
483
'614
13, 865 14,528 14, 936 15, 006 14,858 14,942 14, 417 14,834 16, 690
12,862 13, 455 13,848 13, 941 13, 781 13, 892 13, 295 13, 695 15, 243
4,889
5,156 5,256 5,283 5,387 5,191 5,264 5,197 5,318
14,944
13,769
5,059
14,215 r' 16,238 15,106 i16,235
13,024 14,937 13,806 114,922
4,898 ' 5,483 ' 5,574 16,009
2,416 ' 3,154 ' 3, 259 13,200
580
'564
462
Apr.
May
DOMESTIC TRADE—Continued
RETAIL TRADE
All retail stores: If
Estimated sales (unadj.), totalU
— m i l . $.
724,020
798,818
63,838
67,952
Durable goods stores 9
do...
Building materials, hardware,
garden
supply, and mobile home dealers 9 .mil. $.
Building materials and supply stores..do
Hardware stores..
do.
247,832
277,916
23,165
25, 085 25, 685 23, 932 24,898
do.
do.
.do
38,641
26,509
6,516
148.444
135,777
12,667
44,125
3,665
4,115
29, 991 2,382
2,653
6,881
571
625
163. 668 14, 382 15,415
149,664 13,234 14,250
13,993
1,165
1,148
do
do
do
34,761
2,295
10,801
do.
do..
do..
do.
do
do
do
Automotive dealers 9
--Motor vehicle dealers
Auto and home supply stores.
Furniture, homefurn., and equip.
Furniture, home furnishing stores
Household appliance, radio, TV
Nondurable goods stores
General merch. group stores.
Department stores
Variety stores
Food stores
Grocery stores
Gasoline service stations
Apparel and accessory stores
Men's and boys' clothing
do....
do....
Women's clothing, spec, stores, furriers.do
Shoe stores
do
Eating and drinking places
do
Drug and proprietary stores
do
Liquor stores
do
Mail-order houses (dept. store mdse.)§__do
Estimated sales (seas, adj.), totals
Food stores
Gropery stores
Gasoline service stations
69,102
4,260 4,074 4,308
2,897 2,841 3,079
631
585
582
15, 718 14, 294 14,642
14,464 13,090 13,835
1,254
1,204
1,257
6G, 219 68,615
4,034 4,219
2,861 2,985
624
600
12, 733 14,401
11,512 13,118
1,283
1,221
3,231
1,973
943
3,566
2,197
1,034
3,074
1,935
476,188
90,133
72,333
7,602
520,902 40,673
99,505
7,472
79, 732 6,010
582
7,809
42,867
8,017
6,431
629
158,519
147,142
58,231
174,458
161,527
60,884
34,341
7,052
37,828
7,353
2,816
536
2,906
542
2,892
563
2,754
508
3,194
554
3,236
552
3,273
609
3,675
763
5,698
1,293
2,689
561
13,106
5,852
14,660
6,593
528
1,122
529
1,104
518
1,095
467
1,249
571
2,144
823
478
70,083
25,337
13,616
7,073
5,719
1,940
1,010
6,024
2,060
1,086
6,395
2,016
1,181
6,527
2,109
1,161
5,775
2,164
1,196
538
534
6,220
2,069
1,138
497
1,320
578
6,006
2,106
1,123
1,396
617
63,556
22, 918
12,832
6,705
1,310
594
6,134
2,041
1,147
499
588
552
776
902
6,141
3,040
1,675
722
do...
65,146
22,617
do.
.do.
do.
Furniture, home turn., and equip. 9 — -do.
Furniture, home furnishings stores...do.
Household appliance, radio, TV
do_
Nondurable goods stores
General merch. group stores
Department stores
Variety stores
66,557
2,901
1,825
804
Durable goods stores 9
do...
Building materials, hardware, garden supply,
and mobile home dealers 9
mil. $.
Building materials and supply stores.do...
Hardware stores
do.. .
Automotive dealers
Motor vehicle dealers
Auto and home supply stores
37,430
22,719
10,991
69,056
do.
.do.
do _
do.
3,107
1,943
892
3,021
1,853
3,138
1,897
930
948
402
' 1,236
'560
4,398
15,772
i 3,341
1,258
584
4,009
2,727
631
14, 558
13, 296
1,262
3,956
2,577
667
15,011
13,736
1,275
3,307
2, 014
956
3,337
2,067
966
5,339 ' 6,373 ' 6,221
2,058 ' 2,223 '2,206
1,034 ' 1,146 1,108
459
••374
403
•
72,045
71,122
71,217
25,035 • 25,450
24,536
3,676 ' 4,045
2,380 ' 2,599 ' 3,946
'701
2,592
690
14,932 ' 14,972 14,179
13,654 • 13,688 12,925
1,278 ' 1,284 1,254
3,333 ' 3,359 ' 3,320
2,062 ' 2,107 ' 2,074
'965
978
42, 792 43,017 43,175 43, 686 44, 213 44, 549 45, 204 45, 755
8,236
8,294 8,287 8,361 8,379 8,394 8, 549 8,716
6,662 6,650 6,701
6,897
6,696 6,684
660
656
660
663
659
649
658
45,605
8,402
6,791
685
46,087 • 46,595 46,681 46,969
8,378 ' 8,626 ' 8,642 i 8,822
6,734 ' 6, 943 ' 6,910 i 7,115
695
660
'660
15, 284
13, 984
5,292
15,659
14,358
5,353
15,639 • 15,635 15,855 i 15,855
14,357 -14,349 14,548 114,601
5,566 ' 5,561 '5,682 15,845
65, 522
22, 730
3,609
2,451
547
13,537
12,426
1,111
3,061
1,885
877
3,590
2,429
552
13,520
12,413
1,107
3,116
1,918
902
42,529
8,048
6,462
654
65,964
22, 947
3,651
2,502
552
13,638
12,501
1,137
3,071
1,872
895
66,224
67,303
68,085
68, 971 70,158
24, 422 24,954
3,911
3,798 2,675 3,971
2,613
2,667
599 14, 352
621
14,033 13,105 14,431
12, 791 1,247 13,179
1,242
1,252
3,228 3,248 3,303
1,967 2,003
1,978
962
975
23, 049 23, 617 23,872
3,707
2,546
558
13,490
12,337
1,153
3,091
1,883
14, 298 14,375 14,420 14,609
13,273 13, 335 13, 393 13,574
4,994
5,020 5,030 4,887
do.
do.
..do.
3,224
1,999
930
' 3, 733 '4,083
' 2,427 2,569
'645
719
• 16,207 15,472
" 14,920 14,153
' 1, 287 1,319
73,885
3,809
2,625
580
13,895
12,699
1,196
3,170
1,922
935
14, 629 14, 775 14, 947 15,125
13,577 13,687 13,835 13,960
5,082 5,191 5,222 5,276
70, 918
25,163
5,389
2,139
1,061
439
70,855
25,250
16,685
i 2,273
i 71,108
i 24,139
13,814
13,896
* 3,358
Apparel and accessory stores
.do.
Men's and boys' clothing
do.
Women's clothing,spec. stores,furriers.do.
Shoe stores
do.
3,046
585
1,201
548
3,062
577
1,176
552
3,074
573
1,182
552
3,126
588
1,237
532
3,221
614
1,272
543
3,261
629
1,274
547
3,271
636
1,262
568
3,388
685
1,287
590
3,376
675
1,313
586
3,273
635
1,228
580
3,214 ' 3,440 ' 3,286 13,383
592
626
'646
1,234 ' 1,316 1,333
566
533
Eating and drinking places
..do
Drug and proprietary stores
do
Liquor stores...
do
Mail-order houses (dept. store mdse.)"§..do
5,794
2,042
1,098
584
5, 672
2,058
1,105
586
5,770
2,075
1,109
597
5,867
2,102
1,122
598
5,923
2,135
1,151
584
5,996
2,158
1,167
593
6,018
2,180
1,158
595
6,003
2,240
1,181
6,184
2,232
1,194
604
6,041
2,278
1,225
604
6,274
2,257
1,235
482
94,834 95,434 95, 568 95, 694 95, 571 95,548 97, 799 102, 344 105,330 98,527
46,375 46,675 46, 752 46, 308 45, 652 43, 855 44, 411 46, 357 47, 798 47,888
^8,065
8,062 8,100 8,016
7,911
7,922 7,891 7,910
8,665
7,792
25, 011 23, 478 23,564 23,201 22,564 20, 542 20, 778 22, 201 23,396 25,011
7,133
7,127 7,105
7,121
7,241
7,110
7,313 7,538 7,441
7,133
98,759
49,125
8,115
25,736
7,141
49,634 • 49,840
17,660 18,094
13,376 13,654
10,655 10,588
7,536
7,771
Estimated inventories, end of year or month: H
Book value (unadjusted), totalU
mil. $__ 88,148
43,170
Durable goods stores 9
do
7,187
Building materials and supply stores.do
21,875
Automotive dealers
do
6,808
Furniture, home furn., and equip
do
do
do
do
do
do
44, 978
15, 895
11,932
9,558
7,149
50, 639 48,459 48,816
17, 926 18, 298 18, 465
13, 638 13, 899 14, 063
10, 734 9,687 9,864
7,584
7,622
7,957
Book value (seas, adj.), totalU
do
Durable goods stores 9
do
Building materials and supply stores.do
Automotive dealers
do
Furniture, home furn., and equip
do
90,120
43,414
7,494
21,594
93,710 94,290
45, 039 45,619
« 7,792 8,372
24, 690 22,275
7,124
7,140
Nondurable goods stores 9
General merch. group stores
Department stores
Food stores
A pparel and accessory stores
Nondurable goods stores 9
General merch. group stores
Department stores
Food stores
Apparel and accessory stores
do
do
do
do
do
49, 386
18, 560
14,137
10,083
7,661
51,693
19, 631
14, 686
10,186
8,324
53,388
20, 574
15,459
10,312
8,767
55,987
21, 894
16, 602
10, 734
9,127
57,532 50,639
22,452 17, 926
17,113 13, 638
11,008 10, 734
7,957
9,271
99,595 103,190
49,755 51,075
8,225
8,416
26,141 27,038
7,190
7,387
52,115
19, 345
14, 641
10,953
8,228
94,933 95,607 96,521 97, 824 98, 350 99, 279 100,483 100.818 101,739 101,175 102,218
45, 525 45,502 45, 704 46,116 46,444 47,006 47, 555 48,161 49,302 49,367 49,557
7,804 7,988 8,024 7,991
7,987 8,047 8,125
7,986
8,332
8,217
8,155
22, 485 22,438 22, 474 22, 673 22, 985 23, 493 23, 849 24, 690 25,281 25,330 25,532
7,156 7,134 7,215 7,299 7,248 7,262 7,176
7,140
7,287
7,367
7,477
46, 706 52, 657 48, 671 49, 408 50,105
17, 376 19,622 18, 319 18,522 18, 768
13, 026 14, 905 13,844 14,035 14,323
10, 596 9,716
9,426
9,884 10, 093
7,478
8,332
7,707
7,834 7,922
r
Revised.
* Advance estimate.
^Effective April 1979 SURVEY, estimates have been
revised to reflect a new sample design, benchmarking to the 1967 and 1972 Censuses, redefinition of sales to exclude sales taxes and finance charges, classifications based on the 1972 Standard Industrial Classification (SIC), and revision and updating of seasonal adjustment factors
49, 919
18, 770
14, 086
10,082
7,922
r
• 6,563 r 6,361 i 6,271
• 2,234 2, 272 i 2,280
• 1,197 1,219
423
443
50, 817
19,053
14,447
10, 215
8,067
51, 708
19,401
14,642
10, 373
8,217
51, 906
19,607
14, 836
10,406
8,240
52, 273
19, 661
14, 850
10,503
8,305
52, 928 52, 657 52,437 51,808 52, 661
19,877 19, 622 19,629 19,448 19, 784
14, 933 14,905 14,895 14,745 14, 940
10,595 10,596 10,795 10,738 10,986
8,147
8,154
8,332
8,413
8,396
Revisions for retail sales (Jan. 1967-Dec. 1977) and for retail inventories (Jan. 1973-Dec. 1977),
as well as a summary of the changes, are available from the Census Bureau, Washington,
D.C. 20233.
9 Includes data not shown separately.
§Includes sale of mail-order catalog
desks within department stores of mail-order firms. c Corrected.
June 1979
SUEVEY OF CURRENT BUSINESS
1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1979
1978
1978
Apr.
Annual
May
June
July
Aug.
Sept.
Mar.
Apr.
Oct.
Nov.
Dec.
Jan.
19,863 • 19,144 23,372
22,813
1,679
1,726
288
18,513 p 17,845 21,693
5,219 ' 5,230 6,955
5,971
4,438 '4,454
510
388
'396
r
474
366
380
21,087
7,200
6,172
540
488
8,706
8,609
7,934
7,826
Feb.
May
DOMESTIC TRADE—Continued
RETAIL TRADEt—Continued
Firms with 11 or more stores:
Estimated sales (unadjusted), total*
mil. $..
Durable goods stores
do
Auto and home supply stores
do
Nondurable goods stores 9
do
General merchandise group stores
.do
Department stores
.do
Variety stores
...do
Miscellaneous general stores
do
0)
0)
0)
C1)
0)
0)
0)
0)
270,279
20,944
22,073
22,380
21,611
22,570
22,548
22,848
25,261
33,515
20,546
3,146
1,607
294
1,743
266
1,788
287
1,724
267
1,782
275
1,733
272
1,793
284
1,950
287
2,562
286
249,733
88,176
75,308
6,332
6,536
19,337
6,607
5,686
459
462
20,330
7,096
6,082
496
518
20,592
7,184
6,176
500
508
19, 887
6,604
5,649
481
474
20,788
7,224
6,176
521
527
20,815
7,111
6,111
497
503
21,055
7,307
6,232
513
562
23,311
8,798
7,455
596
747
30,953
14,095
11,884
1,088
1,123
92,737
91,700
7,406
7,325
7,649
7,567
7,878
7,798
7,873
7,790
7,683
7,602
7,985
7,907
7,574
7,494
7,929
7,846
8,985
8,864
13,091
968
1,017
1,007
931
1,162
1,166
1,149
1,284
2,004
804
'751
5,520
3,029
3,129
404
224
243
432
241
247
422
233
242
406
222
212
489
273
280
494
254
296
493
249
278
539
294
298
846
492
408
325
179
211
'323
166
'185
463
231
286
487
244
315
13,758
11,971
1,130
894
1,203
950
1,198
970
1,236
936
1,238
978
1,171
940
1,212
974
1,184
1,038
1,211
1,630
1,054
1,007
' 1,034
'967
1,303
1,063
1,251
1,080
22,006
263
6,107
517
7,630
22,275
252
6,277
521
7,613
22,386
248
6,302
527
7,638
22,629
255
6,291
534
7 759
22,698
261
6,315
535
7,671
22,833
281
6,320
540
7,699
22,975
276
6,327
537
7,686
23,566
276
6,443
548
7,846
24,028
278
6,526
541
8,058
23, 474 ' 23,283 23,607
274
276
'275
6,309 ' 6, 381 6, 576
540
576
'548
8,233 ' 8,162 8,145
23,792
266
6,531
579
8,317
1,049
449
255
968
1,066
452
261
964
1,062
450
259
974
1,103
466
266
990
1,140
470
268
991
1,129
470
270
1,002
1,135
475
278
1,018
1,164
486
279
1,105
1,151
487
268
1,055
1,200
516
305
1,077
1,120
496
263
1,131
37,316
10,903
26,413
31,599
9,817
21,782
31,915
9,963
21,952
32,212
10,203
22,009
32,147
10,375
21,772
32,534
10,490
22,044
32,879
10,501
22,378
33,680
10,884
22,796
34,621
10,818
23,803
37,316
10,903
26,413
35,941
10,538
25,403
34,985
10,146
24,839
34,708
10,276
24,432
34,845
10,490
24,355
10,659
I 23,'490
11,599
25,717
10,029
21,570
10,171
21, 744
10,399
21,813
10,319
21,828
10,513
22,021
10,589
22,290
10,973
22,707
11,138
23,483
11,599
25,717
11,017
24,924
10,781
24,204
10, 955
23,753
11, 077
23,768
.do
do..I.
-do..I.
32,018
10,019
21,999
34,843
10,823
24,020
32,030
10,010
22,020
31, 950
9,880
22,070
32,362
9,933
22,429
32, 807
10,195
22,612
33,101
10,312
22,789
33,262
10,204
23,058
33,906
10,608
23,298
34,423
10,761
23,662
34,843
10,823
24,020
35,294
10,991
24,303
35,289
10,672
24,617
35,220
10,675
24,545
35,299
10,623
24,676
.do
do
10,490
21,528
11,331
23,512
10,077
21,953
9,820
22,130
10,097
22,265
10,381
22,426
10,749
22,352
10,685
22,577
10,891
23,015
11,129
23,294
11,331
23,512
11,315
23 979
11,170
24,119
11,050
24,170
10,943
24,356
219.38
219.53 ' 219.67
219.78
219.93
Food stores.
do
0)
Grocery stores
do
0)
Apparel and accessory stores 9
do
0)
Women's clothing, specialty stores, furriers
mil. $.. 0)
Family clothing stores
do
0)
Shoe stores..
_
do
v1)
Eating places
do
0)
Drug stores and proprietary stores
do
0)
Estimated sales (seas, adj.), total! 9
do
0)
Auto and home supply stores
do
0)
Department stores
..do
0)
Variety stores.
...do
0)
Grocery stores..
do
0)
Apparel and accessory stores.
do
0)
Women's clothing, spec, stores, furriers.dol.I.
(i)
Shoe stores
do
0)
Drug stores and proprietary stores
do
0)
All retail stores, accts. receivable, end of yr. or mo.:
Total (unadjusted).
mil. $.. 34,149
D urable goods stores
do
10,089
Nondurable goods stores..
.do
24^060
Charge accounts
Installment accounts..
Total (seasonally adjusted)..
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
do
.do
1,350
228
' 1,299
'221
8,026 ' 7,579
7,945 ' 7,485
1,097 '1,098
453
'474
272
'261
1,118 ' 1,104
1,165
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, inch armed forces overseas!A
mil.. ' 2
216.86 '2 218.55 '218.13
218.26
218.40
218.55
218.72
218.91
219.08
219.24
220.09
LABOR FORCEH
Not Seasonally Adjusted
Labor force, total (including armed forces), persons
16 years of age and over
thous..
Civilian labor fcrce
do
Employed, total
III III " I I "
do
Agriculture
I-IIIII~I"""do'
Nonagricultural industries."I""I"I"I"do
Unemployed
IlZIIIIIIIIIIdoI.
TTnfvmnlnvprl
~
Seasonally Adjusted^ O
j ~
Civilian labor force
do
Employed, total
do"
Agriculture
do"
Nonagricultural industries
do"
Unemployed
do
Long-term, 15 weeks and overllHIIIIdo
Kates (unemployed in each group aspercent"
of total in the group) :
All civilian workers.
Men, 20 years and over__I I
Women, 20 years and over
Both sexes, 16-19 years
IIIIIIIIIIII
White
Black and other
1.11111"""
Married men, wife present " I I I "
Occupation: White-collar workers
Blue-collar workers
Industry of last job (nonagricultural):"
Private wage and salary workers
Construction
Manufacturing
Durable goods..""]
99,534
97,401
90,546
3,244
87,302
6,855
102,537 100,984 101,422 104,276 104,755 104,169 102,961 103,677 103,776 103,740 102,961 103,343 103, 755 103,318 103,551
100,420 98,866 99,309 102,178 102,639 102,047 100,838 101,555 101,659 101,632 100,867 101,249 101, 665 101, 236 101,473
94,373 93,180 93,851 95,852 96,202 96,116 95, 041 96, 095 96,029 95,906 94, 436 94,765 95,501 95,675 96,220
3,074
3,309
2,925
2,762
2,796
3,856
3,342
3,553
2,990
3,983
3,100
3,549
3,151
3,369
3,997
91,031 90, 029 90,483 91,869 92,204 92,261 91,492 92,541 92,929 92,916 91, 673 91,969 92,576 92,601 92,911
5,561
5,253
6,484
5,931
6,165
6,431
5,460
5,725
6,047
5,629
6,326
5,797
5,685
5,457
6,438
99,767
93, 704
3,274
90,430
100,109 100,504 100,622 100,663 100,974 101,077 101,628 101, 867 102,183 102,527 102,714 102, 111 102,247
93,953 94,640 94,446 94,723 95,010 95,241 95, 751 95, 855 96,300 96,647 96,842 96,174 96,318
3,186
3,184
3,311
3,343
3,243
3,377
3,232
3,387
3,351
3,275
3,424
3,406
3,374
90, 710 91,216 91,069 91, 372 91,604 91, 867 92,476 92,468 93, 068 93, 335 93,499 92,987 93,134
1,911
1,379
6,063
1,486
6,156
1,404
5,864
1,266
6,176
1,314
5,940
1,234
5,964
1,268
5,836
1,317
5,877
1,196
6,012
1,208
5,883
1,251
5,881
1,260
5,871
1,305
5,937
1,235
5,927
1,213
7.0
5.2
7.0
17.7
6.0
4.2
6.0
16.3
6.1
4.3
6.0
16.7
6.1
4.2
6.2
16.5
5.8
4.0
6.1
15.1
6.1
4.1
6.4
16.3
5.9
4.1
5.9
15.7
5.9
4.1
5.9
16.3
5.8
4.0
5.6
16.2
5.8
3.9
5.8
16.2
5.9
4.1
5.8
16.5
5.8
4.0
5.7
15.7
5.7
4.0
5.7
16.1
5.7
4.0
5.7
15.5
5.8
4.0
5.7
16.5
5.8
3.9
5.8
5.0
11.2
2.6
4.9
11.8
2.7
16.8
5.0
11.6
2.5
6.2
13.1
3.6
5.2
11.9
2.8
5.2
12.0
2.8
5.3
12.3
2.9
5.0
12.0
2.7
5.2
12.3
2.7
5.2
11.5
2.8
5.2
11.3
2.6
5.1
11.3
2.6
5.0
11.7
2.4
5.2
11.5
2.5
5.1
11.2
2.6
4.9
11.9
2.6
4.3
8.1
3.5
6.9
5.9
10.6
5.5
4.9
3.6
6.7
3.7
6.7
3.6
3.7
6.7
3.5
6.9
3.5
6.8
3.3
3.2
6.4
3.5
6.8
3.3
6.4
3.4
3.4
6.6
3.3
6.9
3.2
6.7
5.9
9.8
5.4
4.5
6.0
9.6
5.7
5.1
5.7
9.5
5.6
4.9
6.0
9.6
5.5
5.0
5.8
9.4
5.6
5.4
5.8
10.6
5.3
4.8
5.6
11.2
5.1
4.6
5.6
10.8
5.1
4.6
5.8
12.1
5.0
4.4
5.7
10.6
5.0
4.4
5.6
11.5
4.8
4.1
5.5
10.2
5.2
4.3
5.7
10.3
5.4
4.6
5.7
9.6
5.4
4.4
7.0
12.7
6.7
6.2
T on p S 12: revised data for
rior to May 1977 are not
availabl^
2
9 n c l u d e s d a t a for
ev?s?nnX °nCCf',^99 3'3 TJune
J ,
Hems not shown separately,
py
June 1976
ear i n
nfed s/«L? nr;i
nr;i rr ~~5
Estimates of the Population of
the Unfed
??Pw
h
Chan C "Populations:
of the Census «w ttin
^T^A^
P-25, No. 632 (July 1976), Bureau
i
^
T
0
e ^
A ^ r °£.
118 £P a ge-1930-75,"
?n " P o i K i o n ' F<ft^t
i ^ 2 i f?'
^Revisions for July 1976-Mar. 1978 appear
in copulations. Estimates of the Population of the United States and Components of
i' ' " "
Change—1940-79," P-25, No. 802 (June 1979), Bureau of the Census.
U Elective with the Feb. 1977 SURVEY, the labor force series reflect new seasonal factors.
Data have been revised back to 1972; comparable monthly figures for 1972-75 appear in EMPLOYMENT AND EARNINGS (Feb. 1977), U.S. Department of Labor, Bureau of Labor Statistics.
O Effective March 1979 SURVEY, the civilian labor force series, seasonally adjusted, reflect
revisions back to Jan. 1978; comparable data for earlier periods will be shown later.
O F CURRENT BUSINESS
S-14
1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1978
1978
Annual
June 1979
Apr.
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr. p
Mayp
87,346
71,547
87,957
72,149
88,673
72,866
88,263 88,267
72,756 72,709
51,792 51,781
26,412 26,369
r 922
'924
' 4,526 ' 4,517
88,438
72,877
51,980
26,401
920
4,584
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT!©
Employees on payrolls of nonagricultural estab.:O
Total, not adjusted for seasonal variation, .thous..
Private sector (excl. government)
do
82,256
67,177
85,760
70,282
85,075
69,309
85,796
69,988
86,800
71,109
85,925
70,996
86,134
71,375
86,688
71,556
87,303
71,745
87,800
72,097
88,054
72,367
86,295
70, 795
86,487
70, 769
82,256
67,177
47,530
24,289
809
3,833
85,760
70,282
49,951
25,381
837
4,213
85,418
69,901
49, 619
25,313
867
4,164
85,618
70,056
49,759
25,341
869
4,175
85,996
70,399
50,083
25,473
86,033
70,476
50,174
25,501
86,163
70,718
50,432
25,471
86,573
71,130
50,694
25,670
87,036
71,564
50.963
25,872
87,281
71,810
51,081
26,030
903
904
87,524
72,063
51, 238
26, 111
4,278
4,317
86,149
70,613
50,335
25,463
887
4,298
4,298
4,341
4,368
4,397
4,381
87,818
72,350
51,455
26,199
919
4,385
20,331
12,159
751
486
696
1,206
1,653
2,337
1,966
1,956
654
454
20,282
12, 076
751
491
699
1,192
1,646
2,309
1,951
1,936
644
457
20,297
12,093
745
489
700
1,197
1,652
2,311
1,952
1,942
649
456
20,316
12,109
20,302
12,138
20,286
12,166
20,436
12,305
20,601
12,410
20,729
12,491
759
487
701
765
491
707
20,825
12,562
1,197
1,645
2,332
1,962
1,929
1,199
1, 643
2, 345
1,977
1,937
20,278
12,146
743
481
692
1,205
1,646
2,351
1,975
1,941
661
451
1,235
1,684
2,404
2,001
2,010
1,240
1,697
2,425
2,011
2,021
671
458
676
458
1,241
1,706
2,447
2,027
2,031
8,074
1,703
74
914
1,312
693
1,338
1,071
202
712
253
8,172
1,694
73
911
1,316
702
1,181
1,088
209
748
251
8,206
1, 715
74
911
1,330
706
1,174
1,085
210
748
253
8,204
1,701
75
913
1,326
709
1,180
1,093
207
747
253
8,207
1,702
8,120
1,065
8,191
1,693
8,238
1,711
8,263
1,716
1,186
1,091
1,187
1,091
207
749
243
8,132
1,670
69
903
1,309
698
1,188
1,089
209
746
251
_do
do
do
do
do
57,968
4,696
18,492
4,677
13,795
60,380
4,858
19,392
4,897
14,496
60,105
4,847
19,252
4,872
14,380
60,277
4,847
19,335
4, 885
14,450
60,523
4,881
19,412
4,905
14, 507
60,532
4,827
19,469
4,901
14,568
do
do
do
-do
do
4,452
15,249
15,079
2,727
12,352
4,676
15,976
15,478
2,754
12,723
4,623
15,866
15,517
2,745
12,772
4,637
15,896
15, 562
2, 753
12,809
4, 670
15,963
15,597
2,772
12,825
55,040
14,110
57,536
14,611
56,761
14,444
57,358
14,534
Production or nonsupervisory workers en private
nonagricultural payrolls!
thous.. 55,040
Goods-producing
do
I 17,729
Mining
do
615
Contract construction
do
3,004
57,536
18,576
628
3,337
57,263
18,541
655
3,288
14,110
8,291
616
381
533
920
1,194
1,425
1,227
1,284
375
335
14,611
8,727
644
400
554
948
1,255
1,537
1,290
1,351
401
347
5,819
1,154
60
795
1,126
519
644
615
131
557
217
37,311
3,993
16,297
3,869
12,427
do
3,385
-do.... I 13,636
Seasonally Adjusted!
Total employees, nonagricultural payrollsfOdo
Private sector (excl. government)
dc
Nonmanufacturing industries
do
Goods-producing
do
Mining
do
Contract construction
- do
Manufacturing
Durable goods._.
Lumber and wood products
Furniture and
fixtures
Stone, clay and glass products
Primary metal industries
Fabricated metal products©
Machinery, except electrical
Electric and electronic equip.A
Transportation equipment©
Instruments and related prod
Miscellaneous manufacturing
do
do
do
do
do
do
do
do
do_.__
do
do
do
Nondurable goods
.do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile products..do
Paper and allied products
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
Fervice-producing
Trans., comm., electric, gas, etc
Wholesale and retail trade
"Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government...
Federal
State and local
Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted O.thous...
Manufacturing
...do
879
747
486
701
654
456
76
908
1,325
709
882
743
485
698
660
451
887
744
480
692
1,214
1,650
2,358
1,972
1,943
662
451
893
748
484
696
1,220
1,667
2,391
1,987
1,991
665
456
770
494
706
681
459
20,895
12,647
773
20,964
12,699
'768
493
'491
709
'714
1,251
1,254
1,715
1,712
2,465
2,481
2,042 '•2,064
2,055 ' 2,067
686
690
458
'458
20,928 20,897
12,671 12,649
752
'760
'487
485
'712
711
' 1,254 1,243
'1,711
1,710
r
2,496
2,502
'2,065
2,066
r 2,037
2,039
'693
691
'456
450
' 8,257
-•1,709
73
'903
r
1,306
'719
r 1, 219
•• 1,101
'214
'776
'237
8,248
1,701
74
61,898
4,942
19,966
r
5,067
14,899
62,037
4,995
700
705
1,185
1,089
1,198
1,093
1,203
1,097
1,209
1,099
211
773
245
8,248 ' 8,265
1,708
1,716
71
73
911
909
1,304 ' 1,301
712
'717
1,214
1,219
1,098 ' 1 , 0 9 8
212
214
777
778
241
'240
60,692
4,855
19,546
4,917
14,629
60,903
4,922
19,632
4,945
14,687
61,164
4,947
19,701
4,968
14,733
61,251
4,967
19,697
4,995
14,702
61, 413
4,974
19,817
5,020
14, 797
61,619 61,851
5,001 ' 5,025
19,883 19,945
5,035 ' 5, 055
14,848 14,890
4,707
16,074
15,536
2,765
12,771
4,719
16,127
15,445
2,752
12,693
4,737
16,169
15,443
2,760
12,683
4,774
16,270
15,472
2,757
12,715
4,789
16,327
15,471
2,734
12,737
4,809
16, 352
15,461
2,755
12,706
4,829 ' 4,839
16,438 16,535
15,468 15,507
2,755
2,754
12,713 12,753
58,120
14,476
58, 437
14,532
58,637
14,877
58,771
14,878
59,063
14,803
59,323
14,927
57, 746
14,793
57, 693
14,793
58,392
14,872
57,704
18,675
57,771
18,619
668
3,419
57,861
18,629
58,151
18,795
58,576
18.974
58,780
19,114
58, 914
19,151
3,422
3,465
3,488
3,513
3,468
14,532
14,536
8,706
14,655
8,816
14,803
8,909
14,919
8,985
14, 996
9, 034
8,164
1,688
73
909
1, 307
710
70
907
1,309
8,131
1,667
71
907
1,307
697
692
1,178
1,088
60,686
4,846
19,523
4,905
14,618
4,690
15,989
15, 557
2, 765
12, 792
58,289
14,737
57,428
18,565
659
3,303
57,653
18,660
3,401
3,439
14, 598
8, 676
646
405
558
934
1,251
1,517
1,284
1,337
394
350
14, 603
8, 685
639
404
14, 596
8, 683
14, 569
8, 694
5,884
1,147
58
793
1,130
528
666
624
137
587
215
5,922
1,167
59
794
1,144
530
664
624
137
586
217
38,961
4,088
17,092
4,036
13,056
3,556
14,225
38,722
4,094
16,952
4,020
12,932
3,516
14,160
209
749
252
905
209
744
253
210
752
251
71
910
72
910
1,307
1,312
210
761
248
211
771
246
72
912
1,318
708
r
r
906
1,297
716
1,221
1,107
212
773
241
20,010
5,083
14,927
4,854
16,578
15,558
' 2, 756
12,802
4,863
16,608
15,561
2,758
12,803
58,938
14,887
59,577
14,952
59,157
19,214
694
3,473
59,514 59,421
19,395 19,335
'694
'694
' 3, 613 ' 3 , 6 0 2
59,564
19,380
688
3,670
15,047
9,100
660
404
562
991
1,305
1, 630
1,345
1,429
424
350
15,088
' 9, 131
'658
'402
566
992
r 1, 301
r
1,638
1,362
r 1,437
'425
350
'993
' 1,297
' 1,648
' 1, 363
••1,411
'426
'347
15,022
9,077
641
396
561
981
1,296
1,652
1,367
1,414
427
342
r 5,957 "5,943
1,175 ' 1,169
58
58
'790
'784
1,114 ' 1 , 1 1 4
'543
'545
689
'688
'631
'630
'140
'141
'609
613
'202
204
5,945
1,162
60
789
1,112
543
692
634
141
607
205
Seasonally Adjusted f
Manufacturing
Durable goods
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products©
Machinery, except electrical
Electric and electronic equip. A
Transportation equipment©
Instruments and related prod..M iscellaneous manufacturing
do
do
.do
do
do
do
do
do
—do
do
-do
do
,
|
I
!
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
Service-producing
Transportation, comm.. elec, gas, etc
"Wholesale and retail trade
Wholesale trade.
Retail trade..
Finance, insurance, and real estate
Services.
r
do
do
do
do.
do
557
939
1,257
1,516
1,283
1,344
397
349
663
641
400
558
939
637
398
554
942
1,250
1, 533
1,284
1,327
1,245
1, 547
1,293
1,328
5,918
1,154
60
795
1,140
535
668
628
135
586
217
5,913
1,152
5,875
1,142
38,863
4,086
17,079
4,026
13,053
3, 523
14,175
38,993
4,109
17,106
402
349
61
792
1,137
535
668
628
136
587
217
4,043
13,063
3, 546
14,232
Revised.
v Preliminary.
OSee end of notet for this page.
tEffective October 1978 SURVEY, data have been revised to conform to the 1972 Standard
Industrial Classification and adjusted to March 1977 benchmark levels; consequently they are
not comparable with previously published data. For a discussion of the effect of these revisions, see "BLS Establishment Estimate Revised to Reflect New Benchmark Levels
667
407
343
58
791
1,121
535
669
628
135
587
209
8, 693
636
394
549
947
1,245
1,544
1,293
1,336
405
344
5,839
1,124
54
785
1,127
523
667
623
136
584
216
671
636
395
548
953
675
641
398
551
960
683
649
400
556
976
682
654
403
561
981
687
658
405
560
981
1,248
1,550
1,290
1,337
1,264
1,576
1,301
1,370
1,280
1,581
1,312
1,393
1,291
1,603
1,320
1,407
1,295
1,615
1, 334
1,415
5,830
1,122
5,839
1,122
5,894
1,148
5,934
1,166
5, 962
1,174
1,124
1,123
1,123
1,124
1,131
406
343
56
790
522
657
624
137
581
217
408
347
57
790
519
663
624
137
589
215
412
350
56
795
525
672
627
138
598
212
416
349
58
793
531
676
630
139
607
210
420
351
58
795
534
681
632
139
609
209
5,947
1,165
57
793
1,119
538
685
632
140
613
205
15,039
'9,096
'650
'398
'563
39,035 39,152 39,232 39,356 39,602 39,666 39, 763 39,943 40,119 40,086 40,184
4,204 ' 4,130
4,187
4,051
4,186
4,066
4,129
4,064
4,150
4,155
4,168
17,165 17,214 17,228 17,288 17,372 17,355 17,430 17, 502 r 17,554 17,558 17,579
4,178
4,163 ' 4,169
4,144
4,040
4,042
4,075
4,053
4,093
4,109
4,127
13,125 13,172 13,175 13,213 13,279 13,246 IS, 303 13,358 13,391 13,389 13,401
3,700
3,672 *• 3, 681 ' 3,696
3, 565
3,579
3,603
3,591
3,635
3,644
3,663
14,254 14,293 14,349 14,336 14,445 14,512 14, 502 14,583 14,680 14,702 14,718
and 1972 SIC," in the October 1978 issue of Employment and Earnings, available from the
U.S. Government Printing Office, Washington, D.C. 20402.
©Effective October 1978 SURVEY, includes data formerly shown separately under ordnance and accessories.
AFormerly shown as Electrical equipment and supplies; see note
" t " for this page.
SURVEY OF CURRENT BUSINESS
June 1979
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1978
1978
Apr.
Annual
S-15
May
June
Aug.
July
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr. v
May p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
AVERAGE HOURS PER WEEKf
Seasonally Adjusted!
Avg. weekly hours per worker on private nonagric.
payrolls:H Seasonally adjusted!
hours.
Not seasonally adjusted
do...
Mining
do...
Contract construction
do...
Manufacturing: Not seasonally adjusted
do_. Seasonally adjusted
do_.Overtime hours
do. - Durable goods
do Overtime hours
do.
Lumber and wood products
do.
Furniture and fixtures
do.
Stone, clay, and glass products
do.
Primary metal industries
do.
Fabricated metal products©
do.
35.8
36.0
43.0
37.0
40.7
40.4
3.6
35.9
35.9
43.0
36.9
40.6
40.5
3.6
35.8
35.8
43.3
36.8
40.9
40.7
3.7
35.9
36.1
43.7
37.2
41.4
40.7
3.8
35.7
35.2
43.4
35.9
40.1
40.7
3.8
35.7
35.4
43.0
36.4
40.2
40.7
3.8
35.9
35.7
'43. 2
37.6
40.6
40.8
3.8
35.4
35.1
'43.1
35.8
38.9
'39.2
35.?
35. J
43.4
36?
40. 2
40.24
3.
'39.5
2.8
'39.2
'38.2
41.2
Ml. 6
'39.0
40.9
3.4
3.6
36.1
35.8
44.0
37.3
40.4
40.8
3.8
3.6
35.8
36.2
43.6
37.1
40.4
40.3
3.4
41.0
3.7
39.8
39.0
41.3
41.3
41.0
41.1
3.8
39.7
39.3
41.6
41.8
41.0
41.4
4.0
40.2
40.1
42.0
41.5
41.4
41.0
3.7
39.5
39.4
41.6
41.7
41.1
41.2
3.7
40.0
39.5
41.9
41.8
41.0
41.2
3.8
39.8
39.3
41.7
41.8
41.0
41.0
3.6
39.3
39.0
41.6
42.0
40.9
41.1
3.8
39.6
38.8
41.8
41.8
40.9
41.2
3.9
40.1
39.0
41.8
42.1
40.8
41.4
4.0
40.1
39.2
41.9
42.3
41.1
41.5
4.1
40.0
39.2
42.0
42.2
41.4
41.5
41.5
40.0
39.2
41.4
42.4
41.2
39.5
38.8
41.5
42.3
41.4
41.6
4.1
'40.1
••39.4
"•42.3
Ml. 9
Ml. 5
do..do___
do._.
do...
do. -.
41.5
40.4
42.5
40.6
38.8
42.0
40.3
42.1
40.9
38.8
42.3
40.4
42.4
41.4
39.1
42.1
40.2
41.8
40.8
38.8
42.3
40.2
42.0
40.8
38.8
42.2
40.7
42.1
40.7
41.8
40.4
41.8
41.0
39.0
41.9
40.1
42.5
40.9
39.0
42.0
40.3
42.6
40.9
38.8
42.2
40.4
42.9
40.9
38.8
42.5
40.5
42.9
40.9
38.8
42.2
40.7
43.0
41.1
39.1
42.6
40.9
42.7
41.1
39.0
42.6
' 40. 9
M2.4
41.4
39.2
M0.4
'38.9
'38.1
MO. 2
'37.7
42.1
40.14
41.
40.8
38. 4
Nondurable goods
Overtime hours
Food and kindred products
Tobacco m anufactures
Textile mill products
Apparel and other textile products
do..
do.
do.
do..
do.
do.
39.4
3.2
40.0
37.9
40.4
35.6
39.4
3.2
39.8
38.2
40.4
35.6
39.8
3.4
40.1
38.7
40.9
36.3
39.5
3.2
39.8
38.7
40.5
35.9
39.4
3.1
39.6
39.6
40.3
35.8
39.4
3.2
39.8
38.6
40.2
35.8
39.3
3.2
39.5
37.7
40.4
35.6
39.4
3.2
39.5
37.9
40.4
35.7
39.3
3.2
39.9
36.7
40.3
35.2
39.6
3.2
40.0
37.4
40.4
35.7
39.5
3.3
40.0
38.1
40.4
35.6
39.6
3.2
40.1
36.7
40.9
35.3
39.4
3.2
39.7
36.7
40.0
35.5
39.6
3.3
M0.1
'38.5
40.6
35.5
'38.7
'2.7
'39.8
'37.9
' 39. 0
'34.3
39.1
3.0
39.6
38.1
39.8
35.1
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
do.
do.
do_
dodo.
do.
42.9
37.7
41.7
42.7
41.0
36.9
42.9
37.6
41.8
43.5
40.9
37.1
43.5
37.9
42.0
43.6
41.3
38.1
42.9
37.3
41.9
42.9
41.1
37.6
42.9
37.5
41.9
43.4
41.1
37.4
42.9
37.6
41.8
43.9
40.9
37.2
42.7
37.4
41.9
44.3
40.9
37.1
42.7
37.8
41.8
43.8
41.0
37.2
42.6
37.7
41.9
43.9
41.0
37.1
43.1
37.9
42.1
44.2
41.1
36.8
42.7
37.6
41.8
43.7
41.2
36.7
42.9
37.7
42.0
43.4
41.5
37.0
42.9
37.7
41.9
43.4
41.5
36.3
42. 9
37.8
42.0
M4.2
41.4
••36.2
M2.4
'36.9
Ml. 9
M4.5
'39.8
35.6
42.8
37.2
42.0
43.3
41.0
35.7
do.
do.
do.
do.
do.
do.
39.9
33.3
38.8
31.6
36.4
33.0
40.0
32.8
38.8
31.0
36.5
32.8
40.0
33.0
39.0
31.2
36.7
33.0
40.2
32.9
38.7
31.1
36.3
32.9
40.1
32.8
38.8
31.0
36.5
32.8
39.6
32.9
38.7
31.1
36.6
32.8
39.9
32.8
38.8
30.9
36.5
32.7
40.1
32.8
39.0
30.9
36.5
32.8
40.1
32.9
38.9
31.0
36.6
32.8
40.0
32.8
38.8
30.9
36.3
32.7
40.0
32.9
38.9
31.0
36.3
32.5
40.2
32.4
38.7
30.5
36.3
32.6
40.0
32.5
38.7
30.6
36.3
32.6
M0.2
••32.7
'39.1
'30.7
36.3
'32.8
'39.3
32.8
'38.8
30.9
' 36.5
32.7
39.7
32.6
38.8
30.7
36.2
32. 6
162. 49 162.90
132.02 132.21
1.98
1.89
8.10
8.03
42.47 42.57
10.11
10.11
33.22
33.27
8.84
8.87
27.38 27.39
30.69
30.55
162.48
131. 79
1.96
7.94
42.44
10.15
33.21
8.78
27.30
30.69
163.31
132. 60
1.98
8.36
42.49
10.18
33.36
8.88
27.34
30.71
163.47
132. 56
1.99
8.39
42.54
9.93
33.42
8.94
27.35
30.92
162.91
132.29
2.03
8.29
42. 22
162.93 163. 68
132. 61 133.51
1.99
2.01
8.26
8.32
42.30
42.60
10.11
10.21
33.47
33.66
8.96
9.01
27.52 27.70
30.32 30.18
165.19
134.22
2.06
8.33
43.14
10.27
33.63
9.03
27.76
30.97
165.53
134.89
2.07
8.51
43.51
10.35
33. 64
9.05
27.76
30.63
165. 73 165.96 167.89 165.34
135.00 135.49 137.14 136.26
2.03
2.04 ' 2 06 '2.07
8.27
8.27 ' 8. 79 ' 8 . 4 3
43. 76 43.93 ' 44.18 r 43. 65
10.37
10.45 - 10. 48 ' 10. 28
33.60 33.75 r 34.17 ' 34. 26
9.12
9.21
9.17
9.14
27.86 27.92 r 28.39 r 28. 36
30.73 30.45 " 30. 75 ' 29.07
166. 93
136.40
2.07
8.74
43. 52
10.36
34.19
!). 21
28.31
30.53
Machinery, except electrical
Electric and electronic equip. A
Transportation equipments
Instruments and related products
Miscellaneous manufactureg ind
Trans., comra., elec, gas, etc
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
36.0
43.4
36.5
40.3
35.8
43.4
36.7
40.4
35.9
35.7
43.4
36.6
40.4
40.4
3.5
35.9
36.2
43.4
37.3
40.8
40.5
3.6
35.9
36.3
43.0
37.3
40.3
40.5
4.2
4.2
39.6
38. 3
42.
4
40.2
AGGREGATE EMPLOYEE-HOURS
Seasonally Adjusted
Employee-hours, wage & salary workers in nonagric. establish, for 1 week in the month, seasonally adjusted at annual ratef
bil. hours.
Total private sector
do_..
M ining
do.. .
Contract construction
do...
Manufacturing
do...
Transportation, cornm., elec, gas
do...
Wholesale and retail trade
do...
Finance, insurance, and real estate
do...
Services
do...
Government
do.
156.31
126.67
1.83
7.28
40.96
9.74
32.14
8.44
26.28
29.64
Indexes of employee-hours (aggregate weekly) :1ff
Private nonagric. payrolls, total
1967=100..
Goods-producing
do
M ining
do
Contract construction
do
Manufacturing
do
Durable goods
do
Nondurable goods
do
115.4
100.2
133.4
105.8
98.0
98.7
97.1
120.2
105.1
135.9
118.2
101.8
104.2
98.2
120.4
106.0
144.2
118.8
102.5
104.2
120.0
105.1
143.1
117.1
101.6
103.5
98.9
120.6
106.0
144.0
122.8
101.7
103.8
98.7
120.6
106.1
143.5
124.2
101.6
104.0
98.1
120.4
105.4
145.7
122.8
101.0
103.5
97.2
120.8
105. 5
144.4
122.6
101.2
103.9
97.2
121.6
106.5
145.2
123.8
102.1
105.5
97.2
122.4
108.0
148.0
124.3
103.7
107.1
122.9
109.1
149.1
126.5
104.6
108.3
99.1
122.6
108.7
149.2
120.6
105.2
108.8
99.9
123.2
109.1
149.3
122.4
105.4
109.6
99.2
124.7
111.0
150. 0
131.5
106.0
110.2
99.8
• 122.5
• 106. 3
•1 149. 7
124.9
101.6
• 104.3
' 97. 5
123.7
109.2
149.4
130.4
104.0
107.3
98.5
126.0
105.9
123.0
120.6
123.1
131.3
138.8
130.6
108.6
126.8
126. 0
127.1
138.0
144.0
130.5
108.7
126.4
126.0
126.6
137.5
144.1
130.5
109.0
126.8
125.2
127.3
136.2
143.8
130.7
109.4
126.8
126.1
127.0
137.9
143.9
130.7
106.5
127.4
125. 7
128.0
139.0
144.1
130.8
107.7
127.2
126.1
127.7
139.2
144.1
131.4
108.2
127.5
127.1
127.7
139.6
145.1
132.0
109.9
128.2
127.4
128.5
140.5
145.0
132.3
110.2
128.4
127.6
128.7
140.6
145.6
132.5
110.3
128.7
128.5
128.8
140.9
145.4
132.3
111.2
127.6
128.4
127.3
141.7
145.8
132.9
111.2
128.4
128.9
128.2
142.0
146.6
134. 2
112. 2
129. 5
130.8
129. 0
142.4
148.4
•
•
•
•
•
•
•
133. 7
107. 8
129. 8
130.0
129. 8
143. 7
148.2
133.7
110.4
129.4
130.3
129.1
142.7
147.9
5.24
6.94
5.68
7.61
8.62
6.16
5.59
7.62
8.39
6.03
5.79
6.44
6.16
5.43
4.59
6.18
7.98
6.25
6.61
5.70
7.74
5.62
4.63
5.62
7.64
8.52
6.07
5.82
6.47
6.19
5.49
4.61
6.25
8.04
6.27
6.63
5.73
7.75
5.65
4.64
5. 65
7.69
8.56
6.11
5.85
6.52
6.23
5.66
4.66
6.33
8.10
6.29
6.70
5.75
7.81
5.65
4.66
5.69
7.82
8.63
6.17
5.92
6. 57
6.29
5.71
4.68
6.37
8.19
6.32
6.73
5.83
7.84
5.70
4.70
5.71
7.79
8.72
6.16
5.90
6.57
6.28
5.68
4.72
6.40
8.31
6.35
6.74
5.87
7.78
5.73
4.70
5.82
7.94
8.87
6.28
5.99
6.71
6.39
5.75
4.76
6.46
8.42
6.45
6.88
5.94
8.04
5.76
4.74
5.86
7.97
8.88
6.32
6.04
6.76
6.44
5.77
4.78
6.48
8.42
6.49
6.94
5.96
8.21
5.79
4.77
5.88
8.05
8.88
6.38
6.10
6.81
6.49
5.76
4.80
6.53
8.52
6.54
7.00
5.98
8.27
5.83
4.80
5.91
8.05
8.91
6.47
6.18
6.92
6.59
5.79
4.86
6.57
8.56
6.62
7.13
6.10
8.40
5.95
4.86
5.96
8.20
8.96
6.49
6.22
6.91
6.61
5.79
4.87
6.56
8.62
6.61
7.09
6.12
8.34
5.98
4.93
6.00
8.20
9.01
C). 52
6.25
6.95
6.64
5.82
4.93
6.57
8.75
Q.65
6.02
'8.26
' 8. 96
6.55
6.28
6.99
6.67
'5.84
4.95
'6.63
8.74
'6.72
'7.18
'6.17
'8.41
'6.04
' 4.95
6.02
'8.51
' 9.00
'6.54
'6.33
6.94
'6.72
' 5. 91
4.94
' 6. 41
'8.90
6.63
'7.09
'6.12
' 8.25
'6.03
'4.96
6.07
8.42
9.07
6.62
6.35
7.06
6.76
5.98
4.97
6.77
8.86
6.75
7.18
6.21
8.52
6.11
5.03
Service-producing
Transportation, eomm., elec, gas
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
do
do
do
do
do
do
do
10. 05
33.38
8.93
27.39
30.62
HOURLY AND WEEKLY EARNINGS
Average hourly earnings per worker:^
Not seasonally adjusted:
Private nonagric. payrolls
dollars..
Mining
do
Contract construction
do
Manufacturing
do
Excluding overtime
do
Durable goods
do
Excluding overtime
do
Lumber and wood products..
do
Furniture and fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do_._
Fabricated metal products®
do
Machinery, except electrical
do
Electric and electronic equip. A
do
Transportation equipment©
do
Instruments and related prod
do
Miscellaneous manufacturing ind-.do
5.67
6.06
6.57
5.09
4.34
5.80
7.40
5.90
6.25
5.39
7.28
5.29
4.36
5.59
4.67
6.31
8.19
6.33
6.75
5.82
7.89
5.70
4.69
' Revised.
v Preliminary.
] Production and nonsupervisory workers.
T bee corresponding note, p. S-14.
© See corresponding note, p. S-14.
A See corresponding note, p . S-14.
7.14
6.14
8.34
6.01
4.95
RVE1 1 OF (JU1iKEJN T 131JISIJN
S-16
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1978
Annual
June 197<
1979
1978
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr. v
M a y i>
LABOR FORCE, EMPLOYMENT. ANU EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS—Con.
Avg. hourly earnings per worker, private nonagric.
payrolls. Not seas. adj. 11—Continued
Manufacturing—Continued
Nondurable goods
_.
dollars
Excluding overtime
do
Food and kindred products
do..
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile products, -do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products
_do
Petroleum and coal products
do
Rubber and plastics products, nee do
Leather and leather products . do
Transportation, comm., elec, gas
do
Wholesale and retail trade..
do
Wholesale trade
do
Retail trade
do
Finance, insurance, and real estate
..do ..
Services
do
Seasonally adjusted:!
Private
nonagricultural payrolls _.
-do
Mining
do
Contract construction
do
Manufacturing _.
.
do ..Transportation, comm., elec, gas
do
Wholesale and retail trade
do
Finance, insurance, and real estate. do
Services
. ...
do. ..
Indexes of avg. hourly earnings, seas, adj.: 1[ t
Private nonfarm economy:
Current dollars
1967=100..
1967 dollarsAdo
Mining
do
Contract construction.. ...
do
Manufacturing
do
Transportation, comm., elec, gas
do
Wholesale and retail trade . . .. .- -do
Finance, insurance, and real estate
do ...
Services
. do .
5.80
6.27
4.29
3.94
6.52
6.47
7.01
8.60
5.50
3.90
7.54
4.66
5.88
4.19
4.90
4.99
5.42
5.21
5.73
6.33
4.17
3.91
6.33
6.37
6.87
8.53
5.36
3.87
7.45
4.60
5.78
4.14
4.84
4.95
5.44
5.24
5.75
6.41
4.19
3.89
6.37
6.38
6.93
8.52
5.43
3.88
7.45
4.61
5.78
4.15
4.85
4.95
5.48
5.26
5.75
6.61
4.20
3.92
6.51
6.42
6.96
8.52
5.47
3.89
7.47
4.62
5.81
4.16
4.89
4.93
5.57
5.35
5.80
6.58
4.32
3.92
6.63
6.47
7.05
8.58
5.51
3.89
7.53
4.66
5.91
4.19
4.93
4.95
5.56
5.33
5.80
6.30
4.37
3.93
6.59
6.51
7.06
8.59
5.54
3.87
7.63
4.67
5.92
4.19
4.91
4.94
5.62
5.38
5.87
6.10
4.42
3.99
6.68
6.58
7.13
8.67
5.58
3.92
7.71
4.74
6.02
4.25
4.97
5.00
5.64
5.41
5.89
5.99
4.42
4.01
6.68
6.58
7.19
8.67
5.66
3.94
7.72
4.78
6.06
4.28
5.02
5.12
5.70
5.47
5.97
6.18
4.45
4.04
6.75
6.64
7.22
8.75
5.69
3.98
7.72
4.80
6.08
4.30
5.03
5.13
5.75
5.52
6.02
6.32
4.48
4.07
6.79
6.68
7.28
8.86
5.75
4.01
7.82
4.80
6.15
4.31
5.07
5.16
5.81
5.59
6.09
6.47
4.52
4.17
6.80
6.69
7.32
8.99
5.80
4.13
7.83
4.96
6.19
4.47
5.13
5.24
5.81
5.60
6.10
6.63
4.51
4.16
6.83
6.71
7.32
9.08
5.82
4.15
7.91
4.97
6.21
4.46
5.19
5.27
5.85
5.63
6.12
'6.74
'4.52
4.19
'6.88
'6.74
'7.36
'9.28
5.83
'4.17
'7.89
'4.98
6.24
'4.47
5.16
5.27
5.89
'5.71
6.19
6.91
4.47
'4.18
'6.92
'6.70
'7.49
'9.41
'5.80
'4.19
'7.87
4.99
6.30
4.48
'5.22
'5.30
5.91
5.70
6.20
6.95
4.51
4.21
6.94
6.78
7.48
9.24
5.92
4.18
7.92
4.99
6.29
4.48
5.19
5.29
5.24
6.94
8.09
5.67
6.99
4.27
4.54
4.65
5.68
7.61
8.62
6.16
7.54
4.66
4.90
4.99
5.61
7.63
8.47
6.05
7.49
4.60
4.84
4.^5
5.62
7.66
8.59
6.08
7.50
4.60
4.84
4.94
5.66
7.71
8.65
6.12
7.52
4.63
4.89
4.96
5.71
7.85
8.66
6.18
7.53
4.67
4.95
5.01
5.73
7.88
8.72
6.20
7.58
4.70
4.92
5.02
5.77
7.94
8.87
6.28
7.71
4.74
4.97
5.06
5.82
7.99
8.77
6.32
7.66
4.77
5.03
5.10
5.87
8.03
8.82
6.38
7.68
4.81
5.06
5.11
5.91
8.05
8.87
6.43
7.75
4.83
5.05
5.14
5.96
8.12
8.92
6.45
7.83
4.93
5.09
5.21
5.99
8.18
9.05
6.52
7.92
4.93
5.13
5.22
'6.04
'8.25
'9.03
6.56
'7.95
'4.97
'5.14
5.25
6.04
'8.52
'9.09
'6.56
' 7.91
4.99
'5.22
'5.29
6.08
8.44
9.14
6.63
7.98
4.99
5.18
5.28
196.8
108.4
214.8
194.3
199.4
213.2
189.5
180.7
197.9
212.6
108.9
238.5
206.8
215.7
230.1
206.5
194.6
212.5
210.3
109.6
237.1
203.5
212.2
228.4
203.5
192.3
210.5
211.0
109.1
237.3
206.0
213.5
229.2
204.0
192.4
210.4
212.3
108.8
239.8
207.6
214.7
229.6
205.2
194.6
211.5
214.1
109.1
244.3
207.9
216.7
230.4
207.6
196.9
213.2
214.6
108.7
244.5
209.2
217.5
231. 2
208.3
196.0
212.9
216.2
108.7
247.1
209.9
218.9
233.3
209.9
198.2
214.8
218.0
108.7
249.7
210.6
220.8
234.0
211.6
199.8
217.5
219.0
108.5
249.8
211.4
222.4
234.7
213.0
200.8
217.8
220.7
108.6
249.1
212.5
224.1
238.3
214.6
202.0
218.9
222.8
108.5
251.7
213.4
225.4
240.7
217.8
202.3
221.7
223.9
107.8
253.3
216.3
227.1
241.6
218.1
203.9
222.2
225.3 ' 226.8
107.3 ' 106. 9
' 256.0 '264.1
' 216. 5 ' 217. 6
228.8
230.9
' 242. 7 ' 241. 9
' 219. 8 ' 220.8
204.3 '207.3
' 223. 5 ' 225. 3
227.1
9.46
12.56
10.08
13.36
9.83
13.04
9.87
13.09
9.96
13.19
10.26
13.55
10.27
13.61
10.31
13.66
10.33
13.68
10.34
13.72
10.37
13.73
10.37
13.76
10.40
13.79
2.87
2 82
3.06
2.90
7.481
3.07
3.02
3.22
3.10
3.09
3 05
3.22
3.08
188.64
103. 93
203. 72
104.25
202.52
105. 59
201. 76
104.21
203.19
104.20
204.99
104.48
205.13
103.97
206. 57
103.86
208.94
104.16
210.15
104.14
212.17
104. 41
213.13
103.86
213.84 '216.84
102.96 '103. 31
213.82
100.76
216. 45
169. 66
93.48
180.73
92.50
179. 83
93.76
179.26
92.69
180.33
92.48
181. f>8
92.60
181.78
92.13
182.86
91.94
184. 64
92.04
185.55
91.95
187.06
92.06
189.54
92.37
190.10 '192. 43
91.53 '91.68
192.13
188. 64
301.20
295.29
228.50
248. 46
200. 94
278.90
142.19
209.13
121. 66
165.26
153.45
203.34
330.27
316.35
248.86
270.03
217.88
301.60
152.85
228.14
129.89
178.85
163.67
200.12
332. 23
310. 43
243. 61
265.33
213.55
296. 51
150.42
224.26
127.26
177.14
162. 36
200. 63
331. 58
312. 68
245. 23
265. 27
213. 79
297. 26
150. 75
223. 69
133.57
176.06
161.37
204. 53
336. 05
324.42
249.29
270.58
217. 56
301. 04
153. 38
226. 59
127.40
178.49
162. 69
206. 55
337. 82
329. 67
248. 65
268. 71
220. 02
301. 20
157.04
230.49
134. 08
180.93
164. 84
206. 70
338. 09
330. 49
248. 86
268.71
220.18
307.49
156.45
230.88
133. 24
179.71
164.01
209. 52
345. 39
332. 63
255. 60
277. 79
223.68
309.94
Ic5.47
234.78
131.33
180.91
165.46
210. 37
348.29
336. 55
256.59
279.19
222.78
309.57
156.31
236.34
131.82
183.73
167.42
210.15
351.35
323.60
260.53
283.30
226.46
309.20
156.48
236.51
131.58
182.59
167.24
212. 99
351.85
330.04
267.86
292.72
299.43
313.50
158.55
240.47
134.90
182.95
168.22
209. 79
347.68
310.02
260.25
282.62
226.59
310.07
158.22
237.70
133. 65
186.73
169.78
212. 40
350.14
318. 95
262.10
285.65
226. 01
315. 61
159. 54
238.46
134.25
188. t-2
170.75
214.91
355. 54
331.89
265.93
289.39
229.91
316.40
161.03
242.11
135. 58
187.31
171.28
190.08
89.58
211.30
352.73
320.21
254.02
272.05
225.59
308.11
162.18
242. 55
137.09
188.76
172. 58
118
149
146
144
147
150
151
152
161
161
165
161
158
156
155
r\
2.8
3.8
1.9
1.2
O
o
3.6
3.6
2.1
.7
3.8
3.8
2.2
.7
3.2
4.1
2.1
1.1
4.1
5.2
3.4
.7
3.9
4.8
2,6
3.5
1.7
1.0
2.5
3.2
.*8
3.5
4.0
2.3
.9
n
2.8
3.8
1.8
1.1
q
2.9
3.6
2.0
23
1.7
3.4
1.3
1.3
A
3.0
3.8
2.1
.9
!8
2.8
3.6
1.9
.8
qn
2.8
3.7
2.0
.9
4.2
3.1
4 0
2.2
9
4.0
3.0
3 9
2.1
1 0
3.9
3.0
4 0
2.1
1 0
3.8
2.9
3 9
2.0
9
3.8
2.8
4.1
3.1
4.4
3.4
4.5
3.5
4.4
3.5
4.4
3.4
4.3
3.4
4.1
3.2
37
37
39
39
41
40
40
40
1.9
9
2.0
8
2.3
.9
2.2
.8
2.2
.9
2.3
.8
2.3
.8
2.2
.9
' 1.1
157
408
49
139
1,440
301
405
326
528
105
251
1,465
447
664
553
822
169
280
1,501
411
520
1,193
5.10
5.53
5.37
5.62
3.98
3.62
5.96
6.11
6.43
7.82
5.17
3.41
6.99
4.27
5.39
3.85
4.54
4.65
261.9
219.3
231.6
244.0
220.7
205.7
224.4
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR): o"
Common labor
$ per hr
Skilled labor. .
. do ...
Farm (U.S.) wage rates, hired workers, by
method of pay:
All workers, including piece-rate ...$ per hr..
Workers receiving cash wages only
do
Workers paid per hour, cash wages only, .do
Avg. weekly earnings per worker, ^private nonfarm :|
Current dollars, seasonally adjusted
1967 dollars, seasonally adjusted A
Spendable earnings (worker with 3 dependents):
Current dollars, seasonally adjusted ..
1967 dollars, seasonally adjusted A
Current dollars, not seasonally adjusted:
Private
nonfarm, total
dollars
Mining
do
Contract construction
do...
Manufacturing _
do
Durable goods
.
do ...
Nondurable goods
do
Transportation, comm., elec, gas
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade..
do
Finance, insurance, and real estate
do
Services
do_._
7.716
3.18
3.11
3.34
3.20
2.93
2.90
3.06
3.00
10.40
13.80
10.40
13.81
10.43
13.90
3 39
3.33
3.64
3.42
3.37
3.33
3.60
3.34
HELP-WANTED ADVERTISING
Seasonally adjusted index
1967=100..
LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation:
Accession rate total
mo. rate per 100 employees..
New hires
do
Separation rate, total
. . . . do
Quit
do
Layoff
do .
Seasonally adjusted:
Accession rate, total
do
New hires
..do
Separation rate, total
do
Quit
do....
Layoff
do -.
WORK STOPPAGES 0
Industrial disputes:
Number of stoppages:
Beginning in month or year
number..
Workers involved in stoppages:
Beginning in month or year..
In effect during month
r
thous..
do
A
5,506
4,300
395
746
484
869
475
871
467
850
439
847
453
854
389
740
290
591
2,040
1,600
35,822
39,666
118
216
2,097
130
240
2,670
114
222
2,579
177
305
3,071
198
332
3,714
448
551
4,446
106
205
2,277
63
135
1,776
Revised.
v Preliminary.
1 Production and nonsupervisory workers.
AEarnings
in 1967 dollars reflect changes in purchasing power since 1967 by dividing by Consumer Price
Index; effective Feb. 1977 SURVEY, data reflect new seas, factors for the CPI.
tSee cor-
o
101
177
1,810
A
o
P 4
Q
2.9
p4 1
p
P2.2
responding note on p. S-14.
cfWages as of June. 1, 1979: Common, $10.70 skilled, $14.11.
©Revisions for 1975 are in the July 1976 SURVEY.
SURVEY OF CUKRENl1 BUSINESS
June 1979
1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1978
1978
Annual
S-17
Apr.
June
May
July
1979
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar. 1 Apr. May
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
weekly § 9
thous.. 3,304
3,311
State programs (excl. extended duration prov.):
Initial claims
thous -. 19,488 18,002
2,655
2,358
Insured unemployment, avg. weekly.._do
Percent of covered employment: A
3.9
4.0
Unadjusted
Seasonally adjusted
Beneficiaries, average weekly
thous.. 2,178
1,944
Benefits paid §
mil. $.. 8,357.2 8,226. 6
Federal employees, insured unemployment,
34
46
average weekly
thousVeterans' program (UCX):
354
273
Initial claims
do...
81
53
Insured unemployment, avg. weekly.-.do.-54
78
Beneficiaries, average weekly
do...
248.3
470.7
Benefits paid
mil. $.
Railroad program:
104
130
A pplications
thous 25
21
Insured unemployment, avg. weekly—do...
89.0
99.8
Benefits paid
mil. $.
2,297
2,581
2,394
2,064
1,999
2,148
2,567
3,198
3,209
2,921
2,611
1,211
2,379
3.4
3.1
2,140
704.6
1,229
2,051
1,349
1,962
1,680
2,265
1,059
1,860
1,288
1,816
1,526
2,009
1,882
2,421
2,386
3,037
' 1,579
3,053
1,397
2,750
2,441
2.9
3.1
1,724
638.9
2.8
3.1
1,653
579.0
3.2
3.4
1,680
557.8
1,372
2,168
3.0
3.6
1,811
677.4
2.6
3.3
1,552
521.0
2.4
3.1
1,456
519.7
2.7
3.1
1, 536
550.7
3.2
3.9
4.0
3.1
3. 1
3. 1
> 1,883 "2,474 '2,717
646.1
970.8 ' 920.7
3.6
3.0
2,560
983.2
32
29
28
31
32
31
34
18
52
55
19.7
20
47
47
19.2
23
45
46
18.2
24
49
46
17.8
25
50
51
21.5
23
48
53
18.3
23
49
46
'18.9
3
22
10.4
2
13
5.3
16
16
3.9
28
33
1.5
31
1.4
15
23
1.0
2,659
11
5.9
34
P24
50
54
P21.0
10
17
5.4
3.1
3.0
35
48
21
53
57
21.1
48
17
5.7
5
23
10.5
3
17
7.3
93,734
70, 542
15,025
55,517
23,192
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil. $.
Commercial and financial co. paper, total.-do..Financial companies
do..Dealer placed
do...
Directly placed
do...
Nonfinancial companies
do...
Agricultural loans and discounts outstanding of
agencies supervised
by the Farm Credit A dm.:
super
Total, end of period
mil. $.
Farm mortgage loans:
Federal land banks
do.
Loans to cooperatives
do.
Other loans and discounts
do.
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 SM SA's) O
bil. $
New York SM SA
do....
Total 232 SMSA's (except N.Y.)
do.
6 other leading SMSA's!
do.
226 other SMSA's
.
...
do
Federal Reserve banks, condition, end of period:
Assets, total 9
..mil. $
Reserve bank credit outstanding, total 9 _ do
Time loans
do
U.S. Government securities
do
Gold certificate account
do
Liabilities, total 9
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
do.
do
do
do
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
mil. $..
Required
. do
Excess
do
Borrowings from Federal Reserve banks.. .do..
Free reserves
do
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits:©
Demand, adjustedd"
..mil. $..
Demand, total 9
do.
Individuals, partnerships, and corp do.
State an d local governments
do
U.S. Government
do.
Domestic commercial banks
do.
Time. total 9
do.
Individuals, partnerships, and corp.:
Savings
do
Other time
. do
Loans (adjusted), total © d"
do
Commercial and industrial
do
For purchasing or carrying securities
do
To nonbank financial institutions
do
Real estate loans
,
do
Other loans
do
Investments, total©
do
U.S. Government securities, total
do.
Investment account *
do
Other securities.
.. do
'Revised,
v Preliminary.
i Average for Dec.
33,700
82,236
63,857
12,350
51,507
18,379
26.256 26,714
70,700 71,900
53,983 55, 892
9,693 10,201
44,290 45, 691
16,717 16, 008
41,713
47,344
44,329
22,139
5,600
13,974
25,596
6,102
15,646
23,185
6,939
14,205
25,450
63,977
49,322
8,926
40,396
14, 655
139,889
116,303
265
102,819
11,718
139,889
35,550
26,870
93,153
i 36,471
36, 297
U74
>558
i -330
1
120,472
200, 280
143, 553
6,346
3,744
29,275
252,424
92,461
121,400
324, 557
125, 534
13, 638
23, 904
74,600
111, 547
113, 934
46, 111
67,823
34,337
88, 971
68, 515
13,929
54,586
20,456
34,617
90,229
69,458
14,278
55,180
20,771
47, 344 48,374
49,351
50,362
51,470
26,355 26,896
7,413
7,255
15, 740 16,053
27,387
7,457
16,626
28,319 27,952 30,579 32,145 33,700
73,273 74,994 78,518 81,890 82,236
56,236 57,373 59,917 62,584 63,857
10,511 10,966 11,219 11,842 12,350
45,725 46,407 48,698 50,742 51,507
17,037 17,621 18,601 19,306 18, 379
44, 666 44,926
45,201
45,614 46,051
23, 526 23,866
6,114
6,631
14,509 14,945
24,152
5,747
15,302
24,467 24, 760 25,070 25,355
5,634 5,642 6,214 6,382
15,513 15,649 15,445 15,316
46,729
47,053
25,596
6,102
15,646
26,020
6,732
15,622
153,151 141,394 141,977 148,127 146,137 148,947 153,075 156,320 153,098 153,151 147,138 147,749
123,488 116,621 116,607 124,439 123,607 126,311 129,675 129,266 129,255 123,488 119,730 121,207
4,366 1,603
1,174
1,750
813
1,167
1,174
1,428
954 1,365
1,127
1,207
110,562 103,500 102,826 110,146 108,885 111, 739 115,279 115,322 113,305 110,562 101,279 103,486
11,592
11,544
11,671 11,718 11,718 11,706 11,693 11,679 11,668 11,655 11,642 11,671
147,138
147,749
153,151 141,394 141,977 148,127 146,137 148,947 153,075 156,320 153,098 153,151
151,782 ••153,422 149,745
124,276 ••125,070 121,357
963 r 1,256
1,333
110,940 108,588 106,185
11,479 11,416 11,354
151,782 ••153,422 149,745
36,972
31,152
103,325
36,663
28,321
92,331
33,647 40,595
30,135 27,920
94,570 95,345
39,910
28,461
95,571
32,736
40,773 44,430 42,563 39,452 36, 972 34,666 34,288 38,451
27,705 26,830 26,260 31,919 31,152 29,931 29,723 31,714 34,587 29,503
99,
354
99,999 100, 654 101,767 103,748
96,534 96,572 98,154 100,825 103,325
1
36,880
36,816
64
539
-432
37,119 37,262
36,867 37,125
137
252
1,227
1,111
38,189
38,049
140
1,286
-1,003
37,666
37,404
262
1,147
-697
1
41,572
41,447
U25
*874
i -615
-854
37,689
37,614
75
1,068
-802
38,434
38,222
212
1,261
39,728
39,423
305
722
-232
41, 572
41,447
125
874
-615
43,167 40, 703 40,316 40,546 40,382
42,865 40, 494 40,059 40,548 40,098
209
302
284
257
r -2
973
994
1,769
999
897
-650
1
,
3
10
-580
-621 r - 7 6 5
.12,127 113,822 113,522 116,955 114,813 113,870 118,184 114,248 113,248 101,765 98,781 97,101 101,766 96,446
[88,146 206,908 187, 760 192,013 186,539 191,858 201,237 191,695 203,092 176,356 180,383 169,110 .81,180 181,172
.33,580 144,852 133,823 138,220 135,136 135,128 142,470 138,612 144,438 124,481 126,009 120,176 .28,370 29,356
4,550
6,182
6,510
5,672 5,309 5,364 5,224 4,355 5,679
6,144
5,592 5,802 6.709
6,632
728
862
1,450
763
1,411
2,909
3,714
954
981
1,325
1,031 5,970 1,303
1,444
34,086 26,886 35,975 27,540 28,213 27,563 28,666 31,091 29,773 34,086 29,036 31,681 26,546 28,839 30,094
258,061 261,462 265,176 266,884 267,169 270,102 272,480 276,533 280,971 258,061 258,293 257, 738 256, 756 250,710 248,871
113,248
203,092
144,438
5,309
981
77,865 93,202 93,405 92,883 91,857 91,590 91,633 90,783 90, 044 77,865 76,480 76,023 76,831 76,564 76,583
141,940 128,296 131,672 134,330 135,919 137,422 139,485 143,895 148,290 141,940 142,539 142, 730 141,430 138,139 137, 462
347,246 332,251 339, 652 341,669 345,594 348,636 353,784 365,297 366,087 347,246 341,886 343,926 345,057 355,972 356,725
134,038 131,654 134,601 135,528 135,467 134,981 136,710 139,878 140,573 134,038 31,604 133,899 135,918 140,100 141, 323
10,655 12,481 12,296 12,335 12,172 12,490 12,865 13,048 10,971 10, 655 10,979 10,287 9,731 11,307 10,229
24,166 22,931 23, 023 22,991 23,520 23,576 24,022 24,692 24,119 24,166 23,297 22,980 22,695 23,875 23,541
80,655 77,936 79,156 80,530 82,621 84,410 85,882 87,588 88,929 80, 655 81, 849 82,387 83,274 84,552 86,217
119, 560 108,708 117,686 113,196 114,293 113,853 114,813 120,965 125,474 119,560 124,743 115,230 113,982 [17,341 117,286
97,953 112,417 11,295 110,263 110,097 110, 888 L12, 020 111,176 111,498 97,953 98,848 .00,582 02,134 L02,759 104,201
35,549 44,335 43,425 42,742 42,847 42, 777 42,917 41,484 41,317 35,549 34,984 36,140 36,939 36,048 37,016
32,437 31, 051 31, 732 32,809 31,644 31, 670
32,437
62,404 68,082 67,870 67,521 67,250 ! 68,111 >9,103
70,181 62,404 63,864 64,442 65,195 66,711 67,185
2 Data no longer available.
*New
series. See note ' J" on page S-18.
<$See corresponding note on p. S-18.
§ Insured unemployment (all programs) data include claimsfiledunder extended duration provisions of regular State laws; amounts paid under these programs are excluded from state benefits paid data.
ATnsured unemployment as % of average covered employment in a 12-month period.
9 Includes data not shown separately.
cfFor demand deposits, the term "adjusted"
294-398 O - 79 - S3
33, 749
86,232
66,451
13,408
53,043
19, 781
27,579
73,809
56,633
10,258
46,375
17,176
28,289
72,884
56,277
9,830
46,447
16,607
denotes demand deposits other than domestic commercial bank and U.S. Government, less
cash items in process of collection; for loans, exclusive of loans to and Federal funds transactions with domestic commercial banks and include valuation reserves (individual loan items
are shown gross; i.e., before deduction of valuation reserves).
©Total SMSAs include
some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia,
Chicago, Detroit, San Francisco-Oakland, and Los Angeles-Long Beacn.
June 1979
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
Annual
1979
1978
1978
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
958.1
691.6
'97.8
168.7
r
967.3
700.9
96.0
170.4
" 977.6
• 715.1
'91.4
' 171.1
977.7
715.4
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
BANKING-Continued
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates), seas adj.rf
Total loans and investments©
__bil. $__
LoansO
do
U.S. Government securities
..do
Other securities
do
• 870.6
' 617.0
' 977. 7
' 715.4
' 158.0
• 173.5
909.0
647.6
••98.3
163.1
•921.7
659.7
'97.9
164.1
932. 2
667. 8
•100.2
164.2
940.0
674.0
100.8
165.2
945.9
680.6
'98.3
' 167.0
173.5
732.4
89.4
176.8
1,007.7 1,012. 6 1,023.4
738.3
743.4
752.0
92.0
92.1
90.5
179.4
177.3
178.7
1033.3
758.4
94.5
180.4
Money and interest rates:§
Bank rates on short-term business loans:
In 35 centers
percent per annum..
New York City.—
...do....
7 other northeast centers
do
8 north central centers
do
7 southeast centers
do
8 southwest centers
do
4 west coast centers
do
Discount rate (N.Y.F.R. Bank), end of year or
month
_
percent..
Federal intermediate credit bank loans
do
Home mortgage rates (conventional 1st mortgages) :1f
New home purchase (U.S. avg.)_
percent..
Existing home purchase (U.S. avg.)
do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days).._do
Commercial paper (prime, 4-6 months) __ do
Finance co. paper placed directly, 3-6 mo.do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent..
3-5 year issues
_
do
CONSUMER INSTALLMENT CREDIT }
Total extended and liquidated:
Unadjusted:
Extended
_.mil.$_
Liquidated
do
6.00
9.50
6.50
6.84
7.00
7.23
7.43
7.83
i 6.93
18.01
7.76
7.86
7.94
8.05
8.18
8.27
18.80
i 8.83
9.07
9.14
9.14
9.17
9.23
9.27
9.34
9.41
9.45
9.55
9.50
9.62
9.60
19.36
2 5.59
2 5.60
2 5.49
2 8.11
2
7.99
2
7.78
6.92
6.86
6.74
7.32
7.11
6.98
7.75
7.63
7.41
8.02
7.91
7.66
7.98
7.90
7.65
8.54
8.44
8.18
7.221
2 8.30
6.306
7.90
6.430
8.10
6.707
8.31
7.074
8.54
7.036
8.31
298,574
253,508
23,985
19,970
26,898
21,383
28,244
21,750
25,266
21,234
25,104
25,565
2 5.265
2 6.85
254,071
218,793
2
8.26
9.50
9.50
9.89
10.04
10.02
10.22
'10.06
10.29
10.20
10.36
10.01
10.01
9.85
9.94
9.96
9.73
9.90
9.87
9.64
9.98
9.98
9.75
9.351
9.36
9.265
9.16
9.457
9.25
9.493
9.32
9.592
9.30
27, 478
21,283
22,608
22,902
21,797
21,325
26,615
24, 086
25,833
21,741
26,214
26,500
25,544
26,202
26, 698
25,801
12,476
4,512
3,530
3,571
12, 521
4,679
3,526
3,612
12,153
4,547
3,241
3,565
12,430
4,822
3,238
3,460
12,412
5,123
3,250
3,611
11,870
5,271
2,753
3,742
9.50
9.50
9.50
8.50
8.70
9.48
9.63
9.74
9.85
9.92
10.08
9.94
10.14
9.32
9.03
8.78
10.53
10.23
9.82
10. 55
10.43
10.06
10.29
10.32
10.10
7.836
8.38
8.132
8.61
8.787
8.97
9.122
9.23
28,313
22,596
24,859
21,086
25,290
22,845
25,946
22,079
25,022
25,669
25,537
25,758
12,255
4,348
3.379
3,725
12,123
4,372
3,360
3,718
12,182
4,605
3,401
3,518
9.50
Seasonally adjusted:
Extended, total 9
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers
do_.
do..
do..
do_.
do_.
24,682
12,102
4,158
3,257
3,337
12,067
4,179
3,484
3,408
12,382
4,223
3,445
3,552
12,187
4,261
3,271
3,477
By major credit type:
Automobile
Revolving
Mobile home
do_.
do_.
do_
7,434
8,523
529
7,592
8,563
527
7,595
9,062
510
7,652
8,700
509
7,744
9,028
531
7,542
9,006
494
7,501
8,846
604
7,787
9,176
486
7,833
9,424
502
7,545
9,417
369
7,756
9,357
454
7,797
9,714
516
7,724
8,918
496
do.
20,576
20,824
21,358
21,556
22,037
21,857
22,384
22,115
22,100
22,483
22,894
22,967
21,733
do.
do_
do.
do_
9.655
3,279
2,587
3,279
9,807
3,318
2,635
3,273
9,995
3,599
2,648
3,318
10,087
3,590
2,758
3,333
10,470
3,612
2,766
3,383
10,409
3.525
2,721
3,390
10,565
3,742
2,757
3,403
10,551
3,494
2,751
3,385
10,441
3,581
2,753
3,416
10,823
3,206
2,881
3,655
10,800
3,617
2,836
3,681
10,947
3,789
2,722
3,468
9,790
3,894
2,614
3,436
do_
dodo..
5,622
7,840
417
5,715
7,919
426
5,953
8,107
440
5,941
8,100
426
6,140
8,291
452
6,010
8,384
422
6,126
8,500
579
6,032
8,511
411
6,053
8,555
431
5,865
8,984
329
6,191
9,040
6,311
8,972
408
6,337
8,043
412
Liquidated, total 9
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers
By major credit type:
Automobile
Revolving
Mobile home
Total outstanding, end of year or month 9 ...do_
B y major holder:
Commercial banks
Finance companies
Credit unions
Retailers
By major credit type:
Automobile
Revolving
Mobile home
237,855 243,371 249,865 253,897 259,614 263,387 265, 821
275,640
do_.
do..
do..
do_.
112,373
44,868
37, 605
23,490
136,189 117,654 120,440 124,080 126,619 129,622 131,403 132, 702 133.908 136,189 136,452 136,671 137,445 139,816
54,309 46,463 47,580 48,637 49,502 50,558 51,280 51,984 53,099 54,309 55,004 55,728 56,885 58,225
45,939 39,236 40,481 41, 936 42,355 43,499 44,325 44,635 45,305 45,939 45,526 45,661 46,301 46,322
24,876 21,570 21, 744 21,813 21,828 22,093 22,302 22,464 23,006 24,876 23, 962 23,246 22,929 23,097
do.
do.
do_
82,911
39, 274
15,141
102,468
47,051
16,042
87,747
38,426
15,287
90,359
38,967
15,396
93,361
40,001
15,532
r
Revised. * Preliminary, i Average for year. 2 Daily average. 3 Data no longer available.
©Adjusted to exclude domestic commercial interbank loans and Federal funds sold to
domestic commercial banks. § For bond yields, see p. S-21. t Beginning Jan. 1959, monthly
data have been revised to reflect new seasonal factors and adjustment to benchmarks for
the latest call date (Dec. 31, 1975). Revisions are available from the Federal Reserve Board,
Washington, D . C . 20551. ^Beginning Jan. 1979 SURVEY, the consumer credit group has been
completely restructured. Comparable data prior to Nov. 1977 are available from the Federal
Reserve Board, Washington, D . C . 20551. H Beginning Jan. 1973, data have been revised;
revisions for Jan. 1973-April 1975 will be shown later. 9 Includes data for items not shown
separately.
269,445 275, 640 275,346 275,818 278,347 282,439
230,829
95,289
40,553
15,663
97,687
41,629
15,799
99,062 100,159 101,565 102, 468 102,890 103,780 105,426 107,159
42,420 42,579 43,523 47,051 46,516 45, 586 45,240 45,782
15,910 15,925 16,017 16, 042 16,004 16,008 16,092 16,197
N O T E S F O R P . S-17:
© D a t a beginning Dec. 1978 reflect a reduction in number of banks reporting (from 317
to 171) and changes in consolidation basis as well as content of several asset and liability
items. Unless otherwise stated, comparable data for earlier periods will be available later.
t Beginning Dec. 1978, data are for all investment account securities; comparable data for
earlier periods are not available.
June 1979
1
OF (JUKI
1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1978
BUSINESS
S-19
1978
Annual
Apr.
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
FINANCE—Continued
FEDERAL GOVERNMENT FINANCE
Budget receipts and outlays:
Receipts (net)
Outlays (net)
Budget surplus or deficit (—)....
Budget financing, total...
Borrowing from the public.
Reduction in cash balances
Gross amount of debt outstanding
Held by the public.
mil. $.
do...
do...
1
!
357,762
402,725
-44,963
J
401,997
450,836
-48,839
42,343
35,724
6,618
d o . . . 1 44,963 i 48,839 - 6 , 6 1 8
. . . d o . . . 1 53, 516 1 59,106 - 2 , 2 6 3
d o . . . ' -8,553 -10,267 - 4 , 355
d o . . . 1 709,138
d o . . . ' 551,843
34,961
36,670
- 1 , 709
47,657 29,194 35,040
38, 602 36,426 39, 572
9,055 - 7 , 232 -4,532
1,708 - 9 , 055
-555
5,401
2,263 -14,456
7,232
3,195
4,037
42,591
38,935
3,655
4, 532 - 3 , 6 5 5
2,821
9,039
-4, 507 - 6 , 4 7 6
780,425 746,431 '51,412 758,804 760, 203 773,340 780, 425
610,948 591,048 590,493 595, 894
608,128 610,948
Budget receipts by source and outlays by agency:
Receipts (net), total
mil. $.. 1 357,762 '401,997
157,626 '180,988
Individual income taxes (net)
do
1
54,892 1 59,952
Corporation income taxes (net)
do
Social insurance taxes and contributions (net) 1
mil. $.. 108,688 '123,410
i 36,556 1 37,647
Other
do
402,725 ' 450,836
Outlays, total 9—.
do
1
16,738 1 20,368
Agriculture Department
do
1
95,650 1 103,042
Defense Department, military
do
Health, Education, and Welfare Department
1
mil. $_. 147,455 i1 162,856
i 50,384
56,355
Treasury Department
do
1
i 3, 944
3,980
National Aeronautics and Space Adm
do
1
18,019 1 18,962
Veterans Administration
_
_.do
;
28,745 33, 227 37,477 38,364 32,639 31,144
42,691 39,134 41,392 41,095 37,739 43,725
-13,946 -5,907 - 3 , 915 - 2 , 731 -5,100 -12,581
13,946
6,484
7,462
5,907
5,236
671
3,915
3,533
382
2,731
3,312
-581
5,100
-668
5,768
12,581
8,012
4,569
:
85, 267 791,563 797,694 798,733 800,470 304,624
617,433 622,669 626,202 629,513 628,845 336,857
37,477
16,066
10,386
38,364
23,667
2,146
32, 639
14,509
1,281
31,144
8,255
9,301
11,923
3,647
7,716
3,309
9,429
3,121
13,614
3,235
10,373
3,216
38, 935
1,865
8,811
42, 691 39,134
1,696
2,654
9,164
9,224
41,392
2,859
9,383
41,095
3,352
9,218
37,739
1,712
8,920
43,725
1,724
9,979
14,402
3,585
344
1,440
14,103
5,714
300
1,645
15,017
7,479
333
2,648
14.416
5,068
354
754
14,584
4,470
365
1,620
15,762
4,399
389
2,715
42,343
18,833
8,850
34,961
14,293
1,183
47, 657
20,301
14, 655
29,194
14, 590
1,785
35, 040
14, 784
1,122
42,591
20,883
9,753
11,828
2,831
16,092
3,395
9,287
3,414
9,518
3,300
15, 587
3,547
8,515
3,439
35, 724
781
8,315
36,670
1,229
8,870
38, 602
819
8,854
36, 426
1,336
8,285
39, 572
1,200
9,552
12,756
5,647
316
556
13,826
3,657
361
1,751
14,142
6,837
320
2,432
13,122
5,180
324
14,417
3,727
320
1,528
28, 745 33,227
15,922 16,609
1,684
1,048
7,805
3,335
14,512
3,990
350
1,665
Receipts and expenditures (national income and
product accounts basis), qtrhr. totals seas. adj.
at annual rates:f
Federal Government receipts, totalt
bil. $..
374.5
431.4
424.7
441.7
463.1
470.7
Personal tax and nontax receipts
do
Corporate profit tax accruals..
do
Indirect business tax and nontax accruals.do
Contributions for social insurance.
do
169.4
61.3
25.0
118.7
193.2
71.6
27.9
138.7
186.7
72.6
27.9
137.6
199.7
73.6
28.2
140.1
209.7
80.6
28.8
144.0
208.3
'76.2
'29.2
157.1
Federal Government expenditures, totalf.-do.
422.6
461.4
448.3
464.5
483.8
' 487.4
145.1
94.3
153.8
99.5
147.2
154.0
99.6
162.5
102.1
164.5
103.9
172.7
67.4
29.1
185.4
76.9
35.5
180.7
75.
34.6
188.8
77.5
36.3
191.9
' 196.1
77.0
'41.2
8.3
9.7
10.0
8.0
11.0
8.7
.2
.0
-.2
-22.8
-20.8
'-16.9
Purchases of goods and services
do
National defense
do
Transfer payments
do
Grants-in-aid to State and local govts
do
Net interest paid.
do
Subsidies less current surplus of government
enterprises.
bil. $..
•0.3
38.1
0
.0
-48.1
-29.9
bil. $__ 351.72
23.56
do
171. 65
do
96.85
.do
88.01
do
389.02
25.94
190.98
105.93
95.56
363.27
23. 88
180.37
98.58
89.21
366.94
24.27
182.34
99.19
89.67
369.88
24.20
183.70
100.04
90.34
11.06
27.56
2.13
18.92
11.78
30.20
2.14
22.05
11.27
28.25
1.48
19.44
11.54
28.43
1.54
19.62
11.54
28.65
1.48
20.27
11.56
28.84
1.42
20.44
11.54
29.07
1.45
20.28
11.58
29.29
1.42
20.60
11.69
29.52
1.42
21.01
11.71
29.82
1.46
21.14
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value, estimated total
mil. $.. 367,335
242,842
Ordinary (inch mass-marketed ord.)._.do
117,960
Group
_
do
6,533
Industrial...
do
407,042
279,044
121, 729
6,269
31,740
22,848
8,320
572
33,802
24,651
8,569
582
37,472
24,494
12,458
520
28,660
21,028
7,138
494
32,685
23,912
8,255
518
34,616
22,486
11,644
486
34,172
25,007
8,509
656
34,801
24,321
9,946
534
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period)...mil. $.. 11,719
11,671 11,718
Net release from earmark §. .
do
41
525
426
Exports..
thous."$~I 1,042,625 1,113,795 188,866
Imports
do.
674,026 903,023 90,620
11,718
19
32,674
49,529
11, 706
47
23,118
82,745
11, 693
26
40,906
32,994
11, 679 11, 668 11,655 11, 642
23
5
19
22
29,538 269,917 45,804 207,133
71,754 58,454 121,231 ^4,477
80.2
5.8
78.5
6.0
81.1
5.9
82.8
5.8
83.6
5.5
79.8
6.0
6,079
32,209
5.331
12,468
33,105
5.495
21,038
30,572
5.575
12, 472
35, 716
5.918
Less: Wage accruals less disbursements..do
Surplus or deficit (-)
do
.0
-23.6
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance cos
Government securities
Corporate securities
Mortgage loans, total
Nonfarm.
Real estate..
Policy loans and premium notes
Cash..
Other assets
Production :H
South Africa
Canada.
do
do
do
do
do.
2 951.6
2
73.7
955.4
70.4
82.8
6.2
Silver:
Exports
...thous. $.
119,125 13, 665
5,758
6,194
84,645
Imports.
_
_ do
354,818 389,015 33,807 29,915 33,206
Price at New York
dol. per'fine oz'L
5.121
5.316
4.623
5.118
5.401
Production:
^
1,802
23,972
1,634
1,911
United States..
thous. fine oz_. 27,519
r
Revised.
v Preliminary.
i Data are for fiscal year ending Sept. 30 of respective
year and include revisions not distributed to the months. Data for 1976 and earlier years
are for fiscal year ending June 30 of respective year.
2 Reported annual total; revisions
not distributed to the months.
9 Includes data for items not shown separately.
374. 42 378.12 381.05 382.45
25.18
25.66
24.38
24.71
187.18 189.47 190.61 189.98
100. 60 101. 60 102. 36 103.16
92.26
92.90
91.65
90.78
385.56
26.01
191,32
104.11
93.75
79.4
58.8
8,444
29,985
5.866
389.02 393.40
25.94 26.40
190. 98 194.49
105.93 106.40
96.00
95.56
395.55
26.61
195.18
107.14
96.59
399.53
27.14
197.15
108.19
97.40
11.78
30.20
2.14
22.05
11.84
30.51
1.44
22.32
11.92
30.84
1.22
22.66
11.96
31.22
1.04
23.03
49,497
28,484
20,573
440
32, 111
21,480
10,200
432
31,459
22,204
8,842
413
38,278
26,819
10,913
546
33,739
26,097
7,118
523
11,671 11,592 11,544 11, 479 11,418
6
16
15
20
62
18,078 247,736 292,397 349, 738 332,623
75,253 53,828 37, 323 56,015 40, 511
74.3
6.1
5,539
30,556
5.928
77.3
8,873
32,158
6.255
78.1
80.6
79.8
15, 264
38, 667
7.417
11,213
95,502
7.445
6,443
29,122
7.492
8.373
1,679
2,473
1,690
1,467
3,870
2,045
1,645
1,434 2,456
tData have been revised back to 1946 (see table 3.2 in the Jan. 1976 and July 1978 SURVEYS
for earlier data).
, ___ a .
§Or increase in earmarked gold ( - ) .
^Valued at $38 per fine ounce from Jan. 1972-Sept.
c
1973; at $42.22 thereafter.
Corrected.
1,526
SURVEY
S-20
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS S T A T I S T I C S
1977
CURRENT BUSINESS
1978
Annual
June 1979
1978
Apr.
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
MONETARY STATISTICS—Continued
Currency in circulation (end of period)
bil. $..
Money supply and related data (avg. of daily fig.): 0
Unadjusted for seasonal variation:
Total monev SUDDIV
bil. $
Currency outside banks
.do
Demand deposits
do
do.
Time deposits adjustedif
U S Government demand deposits^.. . .do....
Adjusted for seasonal variation:
103.8
114.6
103.1
105.4
106.3
106.6
107.6
107.7
109.3
112.1
114.6
110.7
111.3
112.0
113.2
327.4
84.8
242.6
517.1
4.2
352.8
93.2
259.6
580.2
5.4
350.9
91.0
259.9
567.4
5.0
345.5
91.9
253.6
574.1
4.0
351.8
92.8
259.0
578.5
6.2
356.2
93.9
262.3
582.4
4.4
354.1
94.2
259.9
587.4
3.5
358.5
94.9
263.6
592.9
6.2
361.0
95.6
265.3
597.4
4.2
362.6
97.3
265.3
604.8
8.0
371.3
99.1
272.2
609.7
10.2
365.4
97.4
268.0
615.3
11.9
351.9
97.6
254.2
618.7
8.3
353.7
98.6
255.1
622.0
6.5
367 4
99.9
267.5
622.1
5.3
359 3
100.7
258.6
622.0
8.4
347.9
91.3
256.6
565.9
350.7
92.0
258.8
572.2
352.5
92.5
260.0
576.8
354.4
93.2
261.2
582.1
356.7
93.9
262.8
587.4
360.7
95.2
265.5
593.5
361.2
95.8
265.3
597.7
360.6
96.6
264.0
608.5
361.2
97.5
263.7
611.2
359.7
98.2
261.5
615.8
358.6
98.9
259.7
620.2
359.0
99.4
259.5
619.5
364.3
100.2
264.1
620.6
364 7
100.8
263.8
619.9
' 3,137
'4,406
2,737
716
do
do
Currency outside banks
do
Demand deposits
Ho
Time deDosits adiustedH
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (233 SMSA s)0..ratio of debits to deposits.
NPW York SM SA
Hn
Total 232 SMSA's (excent NY")
6 other leading SMSA'srf1
226 other SMSA's
do
do
(0
(0
Ho
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade Comm.):
Net profit after taxes all industries
"mil. $
Food and kindred products
do. .
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied nroducts
70,366
5,575
828
2,367
8,060
'81,185
' 6,213
' 1,170
' 2,598
' 9,117
'22,154
'1,663
'338
'700
2,392
'20,368
'1,522
'306
'614
' 2,242
'22,617
'1,797
'307
'734
' 2,473
22,650
1,457
246
867
2,729
do
Petroleum and coal products
do
Stone clav and class Droducts
do
Primary nonferrous metal
do
Primary iron and steel
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $..
12,179
1,686
873
864
' 12,842
' 2,353
' 1,362
' 2,124
' 3,162
'666
'387
'801
' 3,430
'765
'308
'618
' 3,681
'660
'469
'591
3,952
291
601
617
3,458
' 3,815
' 1 134
'1,000
'967
1,028
Machinery (except electrical)
do
Elec. machinery, equip., and supplies do
Transportation equipment (except Tnmotor
vehicles etc )
^ *
M^otor vehicles and enninmpnt
do
9,131
5,383
' 10,746
'6,500
'3,099
' 1 635
' 2,501
' 1, 742
'3,042
' 1,759
2,710
1,807
1,989
6,133
11,840
' 2,374
' 6,211
' 13,760
'498
' 2 027
r 3 652
'669
'1,015
' 3,636
'712
' 1,699
' 3,726
658
2,164
3,523
26,585 ' 28,932
' 6 953
' 7,047
' 8,560
7,130
do
Dividends paid (cash), all industries
SECURITIES ISSUED
Securities and Exchange Commission:!
Estimated cross nroceeds total A
By type of security:
Bonds and notes corporate
..do....
mil $
' 56,438
' 51,093
'3,571
'5,082
' 5,607
'4,247
'3,329
'4,542
'4,916
3,413
4,660
4,749
3,552
do
' 39,879
' 35,975
'2,512
'3,350
'3,919
'3,516
'2,421
'3,269
' 2,649
2,436
3,393
3,242
2,025
' 8 047
' 3,916
' 7,956
' 2,832
'251
'256
649
390
819
'588
'456
'172
625
157
'807
127
1,422
'62
577
149
826
424
763
171
712
201
' 4 6 764
Common stock
do
do
Preferred stock
By type of issuer:
CorDorate total 9
mil $
do
ATanufacturing
do
Extractive fminincr^
Public utility
do
Transportation
do
do
Communication
Financial and real estate
..do....
State and municipal issues (Bond Buyer):
Long-term
do
do
Short-term
SECURITY MARKETS
' 3,114
' 12,336
' 3 019
r §06
142
618
' 4 389
'958
100
'1,913
r 5 326
r 1 584
'343
'1,272
' 4 144
'843
'500
'793
' 3 203
'740
'278
'877
' 4 203
' 13 754
'2,682
' 13,705
'184
'1,379
' 4,133
'498
'430
'1,626
3,162
840
53
761
4,643
1,323
465
664
4,176
907
392
989
2,938
471
142
1,086
' 1 802
' 4 442
'11,690
' 1 763
'3,638
' 10,958
252
'75
'941
'225
0
'814
'212
349
' 1,133
261
'376
' 1,147
'95
552
'385
' 133
215
'690
67
'302
'750
66
457
814
221
460
978
89
429
1,158
175
558
304
45 060
21,349
46 215
21,642
3,489
4,915
5,146
985
4,122
1,870
3,683
1,598
6,020
1,760
2,289
1,937
3,272
1,273
4,026
978
3,854
2,077
2,695
1,596
2,502
1,546
4,525
1,354
11,438
11,984
12,626
12,307
11,209
11,035
10, 955
10,989
11,056
710
2,295
795
2,555
S25
2,655
885
2,465
790
2,305
835
2,510
810
2,565
775
2,430
830
2,490
Stock Market Customer Financing
Margin credit at brokers and banks, end of month
or year, total
mil. $.. 10,866
11,424
(0
At brokers
Ho
9 993
11 035 10 510 10,910 11 332
At banks
914
873
do
Free credit balances at brokers:
700
755
640
715
Margin accounts
do
835
2,300
2,395
Cash accounts
2,170
2,510
..do.... 2,060
' Revised,
v Preliminary.
' Data no longer available. © Effective February 1976
SURVEY, data revised to reflect: annual review of seasonal factors; regular benchmark
adjustment; effect of changes in check collection procedures (Regulation J); and adjustments
to include newfiguresfrom internationally oriented banking institutions. Monthly revisions
back to 1970 are in the Feb. 1976 Federal Reserve Bulletin.
UAt all commercial banks.
OTotal SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
§ Data revised back to 1973; no monthly revisions for 1973-75 are
available.
9 Includes data not shown separately.
ABeginning Jan. 1973, data exclude
noncorporate bonds and notes formerly included.
SURVEY OF CURRENT BUSINESS
June 1979
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1978
1978
Apr.
Annual
S-21
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
I
SECURITY MARKETS—Continued
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composited1
dol. per $100 bond..
Domestic municipal (15 bonds)
do
59.6
81.3
TT S Treasurv bonds taxableif _ .. .. .do..
55.6
77.9
56.3
79.8
55.5
77.2
55.2
75.7
54.5
75.2
56.1
77.0
56.1
77.6
51.26
52.15
51.34
50.91
49.97
51.32
51.67
54.7
77.4
50.11
54.3
76.6
53.3
73.8
52.8
74.6
52.6
75.1
52.2
75.4
49.54
48.38
47.97
47.97
47.84
52.3
75.6
47.89
51.9
76.0
47.24
Sales:
56.89
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil.$__
Face value
do
0)
New York Stock Exchange:
Market value
do
Face value
.
do
New York Stock Exchange, exclusive of some
stopped sales face value, total
mil. $.. , 646.35 , 554.01 408. 75 451.17 410. 47 348.52 459. 78 393. 73 392.14 334.59 320.23 329.73 235.52 275. 46 279.00 289.25
Yields:
Domestic corporate (Moody's)§
percent..
By rating:
Aaa
- do
Aa
do
A
. .do
Baa
do
By group:
Industrials
uo_.
Public utilities
-do
Railroads
do
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard & Poor's Corp. (15 bonds)
do
8.43
9.07
8.88
9,02
9.13
9.22
9.08
9.04
9.20
9.40
9.49
9.65
9.63
9.76
9.81
9.96
8.02
8.24
8.49
8.97
8.73
8.92
9.12
9.49
8.56
8.73
8.93
9.32
8.69
8.84
9.05
9.49
8.76
8.95
9.18
9.60
8.88
9.07
9.33
9.60
8.69
8.96
9.18
9.48
8.69
8.92
9.11
9.42
8.89
9.07
9.26
9.59
9.03
9.24
9.48
9.83
9.16
9.33
9.53
9.94
9.25
9.48
9.72
10.13
9.26
9.50
9.68
10.08
9.37
9.61
9.81
10.26
9 38
9.65
9.88
10.33
9.50
9.86
10.00
10.47
8.28
8.58
8.13
8.90
9.22
8.64
8.729.05
8.49
8.84
9.19
8.60
8.92
9.33
8.68
9.05
9.38
8.70
8.95
9.21
8.72
8.90
9.17
8.68
9.03
9.37
8.74
9.21
9.58
9.01
9.31
9.67
9.15
9.44
9.85
9.21
9.42
9.84
9.22
9.50
10.02
9.30
9.57
10.05
9.38
9.69
10.23
9.48
5.67
5.56
6.07
5.90
5.89
5.71
6.19
5.97
6.29
6.13
6.12
6.18
6.16
5.98
6.09
5.93
6.22
5.95
6.29
6.03
6.61
6.33
6.22
6.25
6.42
6.19
6.28
6.16
6.27
6.14
6.16
6.10
7.89
7.74
7.87
7.94
8.09
7.87
7.82
8.07
8.16
8.36
8.43
8.43
8.45
8.44
8.55
7.61
8.24
8.06
8.11
8.31
8.42
8.26
8.24
8.29
8.43
8.84
8.79
8.77
8.77
8.75
8.82
301.70
894.62
110. 96
225.16
282.59
817.17
104.24
221.80
276. 65
794. 66
105.85
214. 50
288.45
838.56
104.85
225.96
288.53
840. 26
105. 48
224.33
287.85
831.71
105.54
227.06
306. 73 305. 26 294. 58 «274.07 274.87
887. 93 878. 64 857. 69 <804.29 807.94
108.51 106. 67 103.88 c 98.40 99.38
211.12
248.96 250.25 234. 64
283.85
837.39
102.24
216.85
280.06
825.18
103.75
210.41
286. 50 294. 69 286.65
847.84 864. % 837.41
103. 85 103.23 100. 26
216.44 231.81 227.92
1941-43=10.
do. .
do
do...
98.20
108.44
106.79
85.27
96.02
106.16
104.38
84.80
97.41
92.71
102. 07 107. 70
97.86 104.69
82.69
86.84
97.19 103. 92
97.66
107. 96 107. 39 114.99
106. 36 105.16 115.19
92.45
87.51 86.68
103.86
115.11
113.94
91.30
100. 58 94.71
111. 56 105.23
111.37 103.38
88.00
81.71
96.11
106.92
105.82
82.53
99.71
111.15
112.08
84.42
98.23
109.49
110.66
81.80
100.11
111.66
114.50
82.70
102.07
113.95
116.32
84.03
99.73
111.24
113. 76
81.79
Utilities (40 Stocks) .
do
Transportation (20 Stocks)*
1970=10.
Railroads (10 Stocks)..
1941-43=10.
Financial (40 Stocks)*
1970=10.
New York City banks (6Stocks).1941-43=10.
Banks outside N.Y.C. (10 Stocks)
do.
Property-Casualty Insurance (6 Stocks).do
54.23
14.06
49.94
11.63
47.34
98.23
112.42
51.64
13.81
45.35
11.53
43.70
100.99
106.96
52.16
13.30
44.77
11.20
42.04
97.09
107. 52
52.25
13.88
44.92
11.87
44.85
101.70
108.43
53.35
52.32
15.41
14.00
47.26
43.97
11. 75 12.85
48.02
43.62
100. 76 113.19
106.90 117.48
52.54
15.46
48.19
12.76
48.01
114. 25
115. 64
51.28
49.04
14.62
13.17
47.63 43.56
12.23
11.21
48.13
43.61
111.80
99.93
110. 98 101.35
49.32
13.10
43.37
11.36
43.19
100.78
105.07
50.33 50.74
13.46
13.08
44. 45 44.92
11.68
11.28
44.12
41.91
102.32
97.54
108. 73 108.22
50.62
13.48
46.64
11.63
42.54
99.28
116.11
50.09
14.18
49. 75
11.97
44.24
101.93
118.88
48.65
14.07
49.88
11.85
44.18
100.47
117.03
US Treasury bonds, taxable O
Stocks
do
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
do
Industrials
do
Public utilities
do
Yields, composite
percent-.
Public utilities
do.—
N.Y. banks
do....
ProDprtv find ORSiialtv insursncB cos
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent.
.
Standard & Poor's Corporation:^
Combined index (500 Stocks)
Industrial, total (400 Stocks) 9
Capital goods (111 Stocks)
Consumer goods (189 Stocks)
0)
0)
(0
do
Earnings per share (indust., qrtly. at ann. rate;
pub. util. and RR.,for 12mo. ending each qtr.):
Public utilities
do
Prices:
Dow-Jones averages (65 stocks).
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
7.06
(0
51.71
14.01
46.05
11.87
45. 20
102.28
107.88
'Revised. J No longer available.
§ Revised yields by rating for Jan. 1974-Nov. 1975
will be shown later,
c? Number of issues represents number currently used; the change in number does not
1f Prices are derived from average yields on basis of an asaffect continuity of the series,
sumed 3 percent 20-year bond. O For bonds due or callablee in 10 years or more.
9 Includes data not shown separately.
• New series.
Corrected.
S U 1 CVUY
S-22
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
L 15 U
UUK
1978
1978
Annual
June 1979
Apr.
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar. 1 Apr. May
i
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks—Continued
Prices—Continued
New York Stock Exchange common stock indexes:
Composite
12/31/65=50..
Industrial
do
Transportation
do
Utilitv
do
Finance
-do
Sales:
Total on all registered exchanges (SEC):
Market value
mil. $
Shares sold
millions..
On New York Stock Exchange:
Market value
- -mil. $..
Shares sold (cleared or settled)
millions..
New York Stock Fxchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
.
millions..
Shares listed, N.Y. Stock Exchange, end of period:
Market value all listed shares
bil. $
Number of shares listed
millions..
53.69
57.86
41.08
40.92
55.25
53.70
58.23
43.50
39.22
56.65
51.75
55.48
41.19
39.69
55. 01
54.49
59.14
44.21
39.47
57.96
54.83
59. 63
44.19
39.41
58.31
54.61
59.35
44.74
39.28
57.97
58.53
64.07
49.45
40.20
63.28
58.58
64.23
50.19
39.82
63.22
56.40
61.60
46.70
39.44
60.42
52.74
57.50
41.80
37.88
54.95
53.69
58.72
42.49
38.09
55.68
55.77
61.31
43.69
38.79
57.59
55.08
60.37
42.27
39.21
56.09
56.19
61.89
43 22
38.94
57.65
187, 203
7,023
249,257
9,602
20,335
802
27,367
1,041
24,391
923
18,318
669
30,452
1,099
27,342
1,136
22,016
801
20,091
788
16, 820
654
20, 752
754
17,595
629
23,356
851
157, 250
5,613
210,426
7,618
17,316
650
23,486
848
20, 557
744
15, 229
534
26,123
895
22,302
790
18,476
639
17, 248
637
14,078
522
17,868
615
14,953
514
19,613
688
5,274
7,205
696
776
671
541
865
672
682
515
493
616
476
796. 64
26,093
822. 74
27,573
820. 76
26,411
829.63
26,588
818. 95
26, 736
864.13
26, 94 0
890.57
27,012
883.85
27,152
792.03
27, 243
811.60
27,401
822. 74
27,573
858.65
27,626
828.79
27,726
57 50
63 63
45 92
3^ 63
59.50
56 21
62 21
45 60
37 48
58.80
650
621
824
877. 86
27,837
882 00
27,970
863.40
28,216
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Exports (mdse.), incl. reexports, totalcf
mil. $.. 121,212.3
Excl. Dept. of Defense shipments
do
Seasonally adjusted ©
-do
By geographic regions:
Africa
..do
Asia
do
Australia and Oceania
_
do
Europe
_
do
Northern North America...
Southern North America
South America
_
By leading countries:
Africa:
Egypt
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea
India
_
Pakistan
_
Malaysia
12,494. 6 12,487.3 10, 944. 7 11, 621.8 12,714. 4 13,157.4 13,672.3 13,532.9 12,561.3 12,932.5 15,586.7 14,267.3
143,574.6 12,064.2 12, 478. 9 12, 477. 3 10,934.0 11,613.9 12,!, 713.1 13,153. 6 13,655.4 13,531.0 12,558.1 12,928.5 15,584.4 14,257.0
11, 630.4 1 1 , 7'86.0
12, 268.2 11, 661.5 12, 293.7 13, 274.2 12, 901.1 13,450.6 13,282.5 13,131.8 13,506.8 14,452.0 13,882.6
"
504.3
544.4
506.0
582.7
510.5
425.6
567.1
435.2
486.6
524.2
427.3
5,545. 6 5,885.5
610.2
31,435.8 39,628.2 3,174.2 3,297.0 3, 390.2 3.209.4 3.346.8 3,589.0 3,583. 3 3,720.0 3,910.3 3, 358.8 3,669.6 4,197.9
256.8
355.8
303.9
395.9
274.1
233.2
293.6
260.6
334.9
~«9. 7
354.7
2,876. 5 3,462.1
433.2
37,304.2 43,614.9 3,846.8 2,726.0 3, 690.2 3,076.2 3,467.7 3,829.2 3,786.4 4,308.4 4,154. 0 4, 048. 3 4,222.2 5,302.9
25,791.4 28,373.1 2, 451.8 2, 654.7 2, 612. 6 1.995.5 2,143.8 2,397.0 2,806.0 2,583. 7 2,512. 3 2,424. 8 2,378.9 3,052.8
867.7
868.9
922.7
956.6 1,033.1 1,109.6 1, 051.6 1, 028. 0 1,041.9 1,152. 7
926.4
969.9
8,676.5 11,026.5
840.0
927.9
932.2
879.9
901.6 1,047.4
839.8 1,021.2
970.8
981.2 T, 023. 5 1,072. 6
9,283.5 10,989.5
.do
..do
982.4
1,054.4
1,134.1
1,079. 6
129.6
91.5
75.2
94.5
118.9
89.5
110.7
76.1
90.7
86.7
92.2
86.6
118.0
90.6
115.6
112.3
76.7
85.9
130.3
103.5
173.3
103.6
do
do
do
do
2,375. 6
778.6
292.7
560.7
2,941.9
947.9
495.7
728.4
193.0
75.8
46.8
54.8
249.7
65.8
35.5
56.6
243.2
128.8
30.2
58.4
219.4
84.7
16.3
72.6
216.4
70.1
40.0
59.4
312.5
86.7
54.8
70.9
296.6
49.0
48.9
69.5
382.7
63.6
21.1
58.0
254.7
84.7
64.9
66.4
340.7
61.2
42.0
58.0
232.2
110.4
73.6
61.3
285.5
98.3
53.9
77.8
751.4
763.2
875.9 1,040. 0
10,528.9 12,885.1
57.6
76.6
3,503.2
4.166.3
340.8
325.1
338.6
280.1
415.2
395.6
373.9
431.4
375.2
443.5
368.7
36.1
170.4
2.2
18.8
21.5
.3
11.5
15.4
17.2
30.6
23.7
9.9
6.6
32.9
5,
6,956.9
544.3
493.2
518.3
472.7
542.2
802.6
668.4
694.7
685.4
626.5
606.5
811.2
2,789. 6
1,627.5
5,950.9
3.360.4
2,252. 3
7,118.7
299.2
308.3
791.2
291.8
356.5
533.7
342.5
265.4
574.2
258.0
170.9
460.6
222.6
163.0
534.0
275.1
97.0
575.9
302.0
96.5
593.1
286.5
79.4
761.5
373.0
121.2
620.6
314.0
152.1
772.4
315.6
174.5
812.3
406.3
271.0
962.1
do
do
do
_.do._..
do
do
do
Exports of U.S. merchandise, totalcf
do....
Excluding military grant-aid..
_
do
Agricultural products, total.
do
Nonagricultural products, total
do....
By commodity groups and principal commodities:
Food and live animals 9
_
...mil. $..
Meats and preparations (incl. poultry).do
Grains and cereal preparations
do....
Beverages and tobacco
1143,659.9 12,069,
do.
.do.
..do.
Indonesia
_
do .
Philippines
.do..
Japan
do..
Europe:
France
do
German Democratic Republic (formerly E.
Germany)
.mil. "
Federal Republic of Germany (formerly W.
Germany).
mil. $..
Italy...
do
Union of Soviet Socialist Republics
do
United Kingdom..
do
North and South America:
Canada
_
do
Latin American Republics, total 9
Argentina
Brazil
Chile
Colombia..
Mexico
Venezuela
121,150.4
do....
44.4
59.2
55.2
56.2
89.3
60.0
48.1
53.1
51.7
74.8
53.8
112.6
90.0
88.2
91.8
100.4
88.8
87.1
109.3
99.6
115.1
87.3
1, 009. 3 1, 046.1 1,046.7 1,092.3 1,193.5 1,248.9 1,369.1 1,280. 8 1, 225. 2 1,365.4 1,609.7
25,788.1 28,371. 6 2, 451.8 2, 654. 6 2, 612.5 1,995.4 2,143.8 2,396.9 2,805.9 2,583. 6 2,512.1 2,424. 7 2,378.7 3,052.8
16,371.1 20,182.7 1, 562. 6 1, 729.2 1,708.2 1,662.7
70.0
60.5
55.1
73.3
841.8
731.1
224.1
266.0
262.4
275.7
2,489.8 2,978.3
42.5
64.4
724.6
56.2
76.3
520.2
87.4
73.3
78.4
73.3
782.0 1,046.0
505.0
535.2
547.9
543.3
4,806.1 6,680. 5
301.5
357.0
338.6
289.6
3,170. 5 3,726.9
119,005.5
118,943.7
23,671.0
94,291.8
14,115.7
796.9
8, 754.8
1,846.8
141,154.2
141,068.9
29,406.9
111,747.2
11,859.6
11,854.1
2, 508.0
I, 351. 6
12,250.0
12,234.3
2, 729. 3
9, 520. 7
12,271.7
12,261.7
2.639.8
1.631.9
10,780.0
10.769.4
2,133.8
8,646.2
, 720.5 1,843.7 1,853.9 1,952. 3 1,950.5 1, 753. 5 1,720. 2 1,974. 0
147.9
76.2
99.2
84.3
79.3
121.3
67.5
83.1
186.6
278.6
272.9
207.9
253. 8
239.1
289.2
251.8
53.4
77.2
53.1
56.9
90.3
70.7
71.1
69.5
96.1
80.0
99.2
91.2
116.1
122.7
111.1
81.0
598.8
711.1
659.4
678.3
663.9
663.2
705.3
597.9
375.9
330.1
265.9
320.4
281.1
316.3
292.3
327.6
11,429.3
11,421.4
2,391.1
9,038.2
12,505. 7 12, 926.4 13,433.5
12, 504. '4 12, 922. 6" 13,416.5
2,268.0 2,665.8 2,806.7
10,237.7 10,260.6 10,626.8
13,303.9
13,302.1
2,738. 3
10,565.6
12,352.5
12,349.4
2, 431. 9
9,920. 6
12,708.7 15,300.1 14,020.8
12.704.7 15,297.8 14,010. 5
2,356.4 2,877. 3
10,352. 3 12,422.8
18,333.2 1,472.8 1, 684. 2 1,737.1 1,540.6 1,716. 2 1,645. 7 1, 597. 9 1,513. 7 1,555.2 1,313.3 1,314.3 1, 581. 0 1,528.1
77.6
74.1
94.7
78.1
93.2
94.4
957.8
64.8
90.7
95.0
88.6
78.8
77.2
929.9
942.7 1,168.0 1,193.0 1,008.5 1,107.2 1,049.2
937.8
885. 2
11,634.0
945.4
766.9
788.6
12,292.8
144.3
143.6
141.5
Crude materials, inedible, exc. fuels 9
do
U5,552.8 1,388.6 1,460.5 1,353.9
Cotton, raw, excl. linters and waste
do..." 13,086.3
1,529.5 1,739.6
182.8
143.8
154.2
Soybeans, exc. canned or prepared
do
4,393.2 5,210.4
513.3
583.4
468.2
Metal ores, concentrates, and scrap
do
1,197.0 1,838.9
149.9
149.5
162.3
'Revised.
i Beginning Jan. 1978, data are based on a new classification system and include nonmonetary gold; the overall total and the commodity groups (but not the items within the groups) have been revised beck to Jan. 1977 to reflect these changes.
cf Data may
not equal the sum of the geographic regions, or commodity groups and principal commodities,
546.6
161.6
213.3
176.9
251.3
281.1
259.7
135.4
171.2
223.2
202.3
992.5 1,083.4 1,111.9 1,470.4 1,678.4 1,556.5 1,550.4 1,513. 5 1,837.5 1,668.0
175.0
188.7
132.2
153.7
114.4
84.7
112.5
154.3
192.4
271.9
557.3
644.4
238.6
262.6
593.2
696.7
493.7
393.5
162.1
201.4
202.1
182.5
226.6
152.0
179.8
176.6
201.9
because of revisions to the totals not reflected in the component items.
9 Includes data not shown separately.
© Effective Feb. 1979 SURVEY, seasonally adjusted data have been revised to reflect sums of commodity components; comparable data
prior to Dec. 1977 will be shown later.
OF CURRENT
June 1979
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1978
1978
Apr.
Annual
S-23
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
3£0.2
202.4
138.2
292.0
154.0
119.7
435. 7
258.8
152.3
467.0
171.3
129.6
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS—Continued
Exports of U.S. merchandise—Continued
By commodity groups and principal commodities—Continued
Mineral fuels, lubricants, etc. 9
mil. $.
Coal and related products.
do...
Petroleum and p r o d u c t s . .
...do...
4,183.6
2, 730.4
1, 275.6
3,878.3
2,122.6
1,561.3
1,308.7
1,521.3
Oils and fats, animal and vegetable
do...
Chemicals. _
.do...
10,812.3 12,618.3
Manufactured goods 9H
Textiles
Iron and steel
Nonferrous base metals. _
-do.
do.
do.
do.
10,857.0
1,958.9
1,660.5
1.058.4
12.430.3
2,225. 4
1, 713. 9
1.047.8
Machinery and transport equipment, total
mil. $ . .
Machinery, total 9
-do
Agricultural
.do
Metalworking..
do
Construction, excav. and mining
do
Electrical
do
Transport equipment, total
do
Motor vehicles and parts
do
32,516. 6
1,871.1
730.3
4.405.5
10,285.3
8,520.0
1,796.5
37,022.3
2,151.5
1,188.4
681.8
6.966.9
22,248.0
13,234.9
Miscellaneous manufactured articles
do.
8, 233. 9
10,177.1
...do..
4,313. 6
Commodities not classified.
50,247.6 ^59,257.9
15,006.8
VALUE OF IMPORTS
General imports, total
Seasonally adjusted ©
By geographic regions:
Africa.
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
Egypt
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea
India...
Pakistan
Malaysia-.
Indonesia
_
Philippines.
Japan.
do.
do.
do
...do
do
do
do
.do
.do
Europe:
France
do
German Democratic Republic (formerly E .
Germany)..
mil. $_.
Federal Republic of Germany (formerly W.
Germany)
mil. $ . .
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada,._
...do..
Latin American Republics, total 9
do
Argentina
do...
Brazil.
do...
Chile
do...
Colombia..
do...
Mexico
do...
Venezuela
do...
By commodity groups and principal commodities:
Agricultural products, total
mil. $ . .
Nonagricultural products, total
do
Food and live animals 9 . _
do
Cocoa beans
do.
Coffee
do
Meats and preparations.
.do
Sugar
do.
Beverages and tobacco
do
Crude materials, inedible, exc. fuels 9 - - - d o
Metal ores
do
Paper base stocks
do
Textile fibers
do.
Rubber
do.
Minerals fuels, lubricants, etc
Petroleum and products
Oils and fats, animal and vegetable
C hemicals __
Manufactured goods 9 %
Iron and steel
Newsprint
Nonferrous metals
Textiles
r
Revised,
arately.
1
do
do
do.
do.
do
..do.
do.
do
...do
424.0
289.8
121.1
321.7
180.2
118.9
335.4
181.7
139.1
348.0
176.7
156.8
145.4
119.3
132.1
130.7
120.9
156.3
971.3 1,018.7 1,063.4 1,077.2 1,149.1
197. 9
939.4 1,024. 7 , 132.5 ,120.8
180.9 202.5 212.6
164.2
149.3 149.7 164.3
129.4
86.1
88.2
80.7
119.1
171.1
129.0
73.3
, 100.4 1,057.2
192.9
189.7
146.6
152.8
86.2
88.6
422.1
256.1
152.7
465.9
317.8
137.3
417.9
236.3
163.3
113.9
121.0
147.0
145.8
173.2
, 085. 0
,174.4
137.0
1235. 6
155.6
, 134.3
230.9
149.0
104.4
186.6
224.0
174.7
104.7
,121.5
219.0
153.7
128.0
, 135.3 , 384.1
222.6 263.8
198.8
157.2
129.3
113.5
5,095.1 5,120.6 5,103.3 4,478.9 4,592.7 5,141.5 5,584.4 5,497.3 5,713.5 , 040.1
3,127. 9 3,239.3 3,088.0 2,912.3 2,933.3 5,211.4 3,358.1 3, 296. 7 3,553.8 3,160. 7
146.0
224.5
166.3
221.2
196.3
167.3 193.0
148.4 158.4
183.1
102.8
112.4
92.5
85.2
102.4
89.0
100.0
100.4 121.5
89.3
47.5
59.8
51.2
62.7
56.4
52.3
49.0
50. 7
66.0
79.6
581.8 624.4 628.4
587.7
616.2
591.1 549.1
603.5 636.3
609.8
, 970.3 1,892.9 1,987.1 1,574.5 1,666.4 , 930. 7 2,228.3 2,200.6 12,160.3 [2,879.7
, 203. 7
878.5 , 124.4 1,330.3
873.2
1,247.3 1,201.9
, 207.2 , 135.4 1,108.6
854.3
855.8 891.1 953.1
777.5
908.6
856.9
925.1 921.6
873.2
329.9
509.1
349.2
702.5 323.9
392.4
309.0
625.3 407.2
584.0
16,898. 3 1,407.2 1,310.5 1,261.2
58.300.3 4, 924.2 4,640.3 5,01S.7
209.6
192.4
201.7
2,351. 0
37.987.4 3,285.3 3,088.5 3,155.7
29,617.8 33,550.6 !, 780.3 3,049.8 2,991.2
11,689.4 12,622.6 , 008.2 1,074.4 1,074.1
9,389.8 10.307.5
870.6
842.5
816.3
17,120.9
49,312. 0
1,727.7
28,801.5
105.0
2,258.9
2.0
141.7
10.5
189.4
3.4
146.3
1, 266.2 1,728. 3
776.0
979.5
56.0
83.7
1,318.2 1,519.1
3,475.1 3,606.9
1,109.5 1,206. 9
18, 549.7 24,457.8
152.4
90.8
7.2
121.6
338.5
139.7
88.0
7.7
120.1
225.1
143.8
78.3
7.4
, 394.3
1,522.3 , 289.8
, 228.5
i, 325.1 i,843.9
,324.3 3,971.7
275.3
184.2
119.6
111.6
117.6
74.9
748.3
642.3
, 072.0 [2,354.4
, 250.5 '., 395.4
916.8
, 133.2
965.3
638.6
684.5
688.1
95.4
154.9
96.5
358.5
97.6
,181.9 2,010.1 2,048.9
1,355.6 1,430.7 , 465.4 1,425.0 1,637.7 1,481.6 1,738.6
5,148.7 15,153.2 5,089.6 >,092.3 14,863.0 4,872.8 5,364.6
176.8 234.2 209.9
98.4
252.9
230.5
200.6
3,421.2 ! 3,140.0 [2,904.6 [3,321.3 [3,293.9 3,298.8 3,263.8
2,665.3 '2,376.2 759.4 3,116.9 3,030.4 3,051.5 2,914.4
1,049.9 jl,005.2 |l,056.8 jl, 024.0 1,075.7 1,117.6 1,226. 7
864.2 741.1 906.6 928.0
900.9 932.4 1,106.8
8.9
148.6
1.7
69.1
15.3
228.1
4.8
208.0
14.1
349.8
27.2
210.7
137.9
166.5
155.1
139.2
190.2
91.7
83.6
85.6
81.6
75.8
6.5
6.6
10.2
9.2
7.9
143.5 120.3
149.8
119.4
125.9
314.9
291.5 305.9
346.4
277.3
110.9
103.9
118.1
101.8
109.9
2,217.2 2,065.5 2,064.8 2,120.4 2,024. 6
142.2
56.9
6.4
138.8
335.6
114.2
16.9
197.4
1,341.2 1,651.1
4,559.1 14,803.7
253.0
219.9
2,710.5 3,458.9
885.5 3,373. 6
1,151.4 1,285.8
908.1 938.1
7.5
161.7
35.1
196.8
189.4
170.2
178.8
85.4
76.9
91.8
11.6
11.0
9.6
201.2
126.7
184.3
249.5
222.9
293.7
120.9
93.3
122.0
2,247.3 1,865.4 1,985.1
356.4
3, 032.4
4,053. 7
376.3
361.2
316.3
396.1
321.6
278.7
337.6
349.3
362.6
360.3
345.8
16.7
35.2
4.1
3.5
1.2
2.5
4.1
2.6
2.7
2.2
2.2
2.3
2.7
2.6
4,102.5
540.3
6,513.3
875.3
344.6
57.1
553.8
758.6
335.4
13.6
568.1
780.8
357.7
46.1
597.6
940.3
376.2
21.6
553.0
839.4
391.0
54.6
537.7
704.8
326.6
23.1
529.8
836.4
343.2
110.5
576.8
910.3
375.5
37.5
533.8
896.0
374.2
31.9
532.8
869.9
372.9
25.0
555.6
682.0
308.7
19.1
405.4
858.0
425.0
23.2
671.0
7,238.3
3,036.7
452.9
5,141.0
29,598.6 33,529.4 2.777.6 3,047.4 [2,988.4 2,664.7 2,372.8 |2,757.9 3,115.5 |3,028.7 3,051.1 2,914.2 2.882.8 3,370.6
16,450.3 18,560.1 1, 509.3 1,546.8 1,507.8 1,538.7 1,378.2 1,571.9 1,639.0 1,643.9 1,749.1 1.887.2 1,753.5 1,830.4
392.3
43.1
47.3
45.9
52.7
49.8
56.6
52.6
54.5
49.7
47.5
563.3
51.6
49.0
2,240.5 2, 831. 3
176.7 207.8 283.9
215.2
220.1 206.9
265.2
256.0
231.6
264.8 287.3
339.5
272.7
18.9
35.7
35.4
18.7
32.7
25.7
32.1
39.5
56.0
22.8
385.3
25.0
17.0
819.4 1, 043. 9
85.6
81.4
118.4
100.2
124.1
111.5
70.4
68.9
66.3
104.6
92.3
80.9
495.4
480.5 471.5
4,694.2 6, 092. 8 460.9
656.0
656.8
531.2
521.6
511.8
583.0 641.1
590.0
248.3 329.6 271.4
286.2
4, 084.4 3, 545.1 343.7
347.0
332.4
260.6
268.4
272.5 308.2
412.0
13,538. 3 14.960.8 1.346.7 1.290.5 1.168.3 1,192.9 1,021.2 1,107.9 1,231.0 1,302.2 1,409.3 1,514.0 1,255.7 1,435. 9
133,278.4 157,064.7 13,139.4 12,908.7 13,346.1 13,511.0 13,002.8, 13,309.1 13,887.3 13,752.7 13,547.0 14,332.3 12,520.6 14,329.0
924.0 1,048.9 1,152.2 1,168.7 1,254.1 1.278.3 1,102. 5 1,242.6 1,325.7
12,557.8 113,520.6 1,161.5 1,143.4 1,045.9 1,126.1
38.8
23.0
51.4
40.4
43.5
54.8
46.8
53.3
91.6
485.5
63.7
103.0
74.5
667.0
256.5
282.4
210.1 238.6 329.5
285.8
259.9
345.0
242.2
317.0 306.5
3,860.9 3, 727.8
309.1
155.0
158. 5 175.3
125.7
155.3
153.2
171.0
200.1 242.3
199.2 182.1
1,273.2 1,856.0
208.8
69.2
97.1
59.8
62.2
65.4
110.4
59.7
41.1
59.4
14.5
1,079.1
64.0
59.4
723.0
168.2 211.5
212.7
189.2
221.9
170.2
177.4
201.5
156.2
205.3
209.6 205.9
1,669.4 12,221.4
204.8
859.3
870.1
738.0
8,486.2 i 9,296.6 • 708.9 • 837. 7 • 766.7 • 785.3 • 813.6 • 827.0 • 827.6 • 837.4 805. 2
812.7
211.1
266.9 279.9 272.7
236.8
233.1 230.8
187.8
307.3 242.4
2,234.4 2,850. 2 177.5
231.1
85.3
129.4
104.0
88.9
91.0
91.7
108.9
115.4
84.0
111.3 113.0
108.8
1,252.4 1,154. 2
21.9
19.8
17.1
23.7
17.2
16.8
28.6
19.4
21.0
23.2
22.7
225.1
14.8
247.8
47.2
82.3
64.3
52.7
72.8
72.5
46.5
43.0
66.7
72.8
81.1
650.3
74.4
684.7
44.537.2 142,105.2 3,513.5 13, 234.1 3,471.5 13, 380.1 3, 677.1 3, 698. 9 13,491. 6 3,536.2 3, 746. 3 4,228.0 3.524.9 3,947.9 4,240.6
141,526.1 39.108.9 3, 246.4 12, 954.0 3,235.3 J3,140.7 3,448.8 3,471.8 [3,260.2 3,301.6 |3,465.2 3,935.2 13,248.6 3,673.8
30.2
46.7
51.5
55.7
44.2
40.9
49.4
43.0
42.7
50.6
51.7
89.5
33.0
530.7
1511.1
547.2
541.4
655.1
648.1
583.9
546.9
514.9 537.9
611.6
440.5
512.5 535.3
532.2
4,970.4 6, 427.4
21,367.0 127,237.3 2,383. 0 2,359.3 2,301.0 2,418.3 2,218.6 |2,215.4 2, 344. 5 2,373.4 2,111.5 [2,255.8 2,120. 7 2,424.0 2,251.0
479.9
543.8 534.5
666.5
5,804.4 7,259.3
738. 5 555.5
619.2
593.9
538.4
636.8
637.9
516.4
209.3
189.0
170.6
158.8
177.2
1,871.8 2,100.7
178.0
180.1
164.7
190.0
195.7
172.5
194.1
562.6
424.4 403.8
384.1 383.1
480.6
3,938.4 5,121.9
509.8
433.2
356.5 344.3 422.0
494.9
185.9
154.1
193.9
175.7 170.0
175.3 184.2
199.5
1, 772.4 2,200.1
188.3
192.2
176.2
186.1
See corresponding note for p. S-22.
363.6
235.1
112.9
147,685.0 172,025.5 4,486.0 14,199.2 14,514.5 14,703,9 14,024.0 4,416.9 5,118.3 15,054.9 14,956.3 15,846.3 13,776.3 15,764.8 16,172.0
14,491.5 14,008.5 [3,970.3 14,544.7 14,132.6 14,819.7 4,851.6 4,824.7 115,031.8 16,231.1 14,806.3 15,273.3 16,035.8
170.0
do....
. d o . . . . 1,261.1
.do..
.do..
do..
...do..
do..
do..
do..
284.5
134.7
137.6
9 Includes data not shown sep-
1 Manufactured goods—classified chiefly by material.
© See corresponding note on p. S-22.
May
SUKVEY OF CUEEENT BUSINESS
S-24
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
t h e 1975 edition of B U S I N E S S S T A T I S T I C S
1977
1978
1978
Apr.
Annual
June 1979
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF IMPORTS—Continued
General imports—Continued
By commodity groups and principal commodities—Continued
Machinery and transport equipment
mil. $_ 36,406.8 M7.625.6 4, 085. 5 4.020.4 4,132. 9 4,108.2 3,578. 5 3, 832. 0 4, 294. 6 4, 238. 3 4, 318. 7 4,515. 9 3, 932. 6 4,438. 3 4,750.0
17,663.8 24,404.0 2,003.1 2,011.6 2. 073. 3 2,217. 6 2,046. 5 2, 077.1 2,277 2 2,162. 8 2,183. 3 2,206. 2 1, 971. 0 2,289. 6
Machinery, total 9
do
433.5
82.0
105.8
105.5
946.7
Metalworking
do
73.8
80.5
69.5
91.0
80.8
93.5
86.4
76.8
82.1
399.5
474.1
547.1
453.3
451.1
480.6
Electrical
d o . . . 8,432.0 5,170. 8
411.5
446.4
408.4
494.0
465.2
467.7
Transport equipment
Automobiles and parts
do
do...
Miscellaneous manufactured articles
do...
Commodities not classified
.do...
17,829.9 23,221.6 2, 082. 3 2,008. 8 2, 059. 6 1,800.6 1,532.0 1,754.9 2,017. 4 2,075. 5 2,135. 4 2,309.8 11,961.6 2,148.8
15,842.0 120, 631. 2 1, 854. 4 1, 776. 3 1, 840. 3 1, 676. 3 1,361. 0 1,547.1 1, 817. 8 1, 889. 0 1,891.2 1,9
1, 639. 4
1,871.7
1, 549.5
1,439.7 1,460.0 1, 651. 5 1,782.5 1, 756. 5 1,751.9 1,827.1 1,799. 9 1, 560. 3 1,619.7 1, 426. 4
1,569. 2
309.4
283.9
287.0
3,335.7 > 4,018.1 r 338.3 r 319. 7 r 338. 3 r 329. 7 r 327. 5 '306.5 r 386. 8 r 327. 2 ' 386.1
350.8
Indexes
Exports (U.S. mdse., excl. military grant-aid):
210.2
183.1
Unit value
1967=100.
384.7
Quantity
do
Value
do...
269.9
General imports:
200.8
Unit value
_
do_._
541.9
Quantity
do...
Value
_
_
do...
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight.
thous. sh. tons.. 274,413
Value..
mil.$_. 65,376
General imports:
Shipping weight
thous. sh. tons.. 612,798
Value
mil. $.. 103,037
P 237.3
p 213. 3
P 506.1
P248. 1
P211. 7
P 525. 3
P250.7
P207.8
p 520. 9
P250. 2
P193. 2
P483. 5
P248. 8
P199.9
P497. 4
p 250.5
p 239.1
p 599. 0
294.3
220.5
649.0
296.3
228.7
677.7
303.9
222.8
677.0
300.9
222.9
670.6
304.8
232.6
709.0
309.8
199.1
616.8
316.1
222.9
704.5
26, 001
6,385
26, 260
6,646
26, 536
6,958
28,372
7,356
27, 428
7,402
22, 948
6,508
53, 652
9,880
56,196
9,780
49, 811
9,850
51,404
9,759
49,982
9,685
53,870
10,928
v 231.5
p 198.8
p 460.3
P 223.0
p 208.2
p 464.2
p 224.0
p 213.9
P 479.0
p 232.2
p 231.3
P206. 8
P408. 1
P 182. 3
p 292.7
p 220.1
p 644.4
290.3
224.5
651.9
292. 6
218.4
639.1
293. 6
222.3
652.7
293.3
225.1
660.4
295.0
213. 4
629. 6
300,037
77, 289
24,142
6,313
28, 057
6,912
29,487
6,842
24, 969
5,989
592,240
115,484
47, 681
9,838
47,176
9,400
47, 840
9,657
50, 703
10,143
p 421. 7
p 234. 2 p 238.8
p 190. 9 p 205.0
p 447.2 P 489. 6
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)..
Passenger-load factor §
Ton-miles (revenue), t o t a l i
Operating revenues (quarterly) 9 O
Passenger r e v e n u e s . . .
Cargo revenues
Mail revenues
Operating expenses ( q u a r t e r l y ) O . . .
Net income after taxes (quarterly)©
Domestic operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
Operating revenues (quarterly)O__
Operating expenses (quarterly) O .
N e t income after taxes (quarterly)©
International operations:
Passenger-mile (revenue)
Cargo ton-miles
Mail ton-miles.._
Operating revenues (quarterly)©
Operating expenses (quarterly)©
N e t income after taxes (quarterly)©
bil__
percent...
..mil..
194.75
56.2
26,100
226. 78
61.5
29,679
mil. $ . .
do
.do
do
do
do
19,925
16,274
1,719
390
19, 017
731
18,812
1,985
383
21,512
1,184
__bil__
mil..
do
156.61
3,125
751
182. 67
3,506
mil. $ . .
do
do
15,821
15,165
497
18,184
17,151
858
bil__
mil..
do
36.61
2,302
397
44.11
2,314
374
mil. $ . .
do .
4,104
3,852
234
4,703
4,361
326
5,979
3 7,636
do
17.58
59.9
2,344
17.96
62.1
2,363
20.51
67.6
2,630
22.48
68.9
2,811
23.70
71.1
2,972
5,708
4,660
492
90
5,258
405
14.32
293
68
14.46
293
16.53
300
64
3.50
177
30
3.98
187
28
18.81
58.2
2,536
17.75
57.3
2,414
17.74
281
59
18.93
316
65
14.78
308
65
15.03
323
14.44
309
67
193
28
1,152
1,053
94
4.25
211
29
' 17.58
v 58.0
2, 275
p 16.52 •P14. 22
15.22
p 265
p 67
14.54
p 253
p 62
P 3.73
3.90
p 187
p 43
P 173
p 28
P3.05
p 175
v 27
645
617
724
196.9
199.5
205.4
15. 66
P 287
3.78
234
32
3.31
226
37
1,181
1,153
40
1,406
1,197
195
Urban Transit Systems
Passengers carried
Motor Carriers
mil..
Carriers of property, large, class I, qtrly.:*
N u m b e r of reporting carriers
100
Operating revenues, t o t a l .
mil.~$l! '13,853
Net income, after extraordinary and prior period
charges and credits
_
mil. $_.
2 452
Tonnage hauled (revenue), common and contract"
carrier service....
mil. t o n s . .
217
Freight carried—volume indexes, class I and I I
intercity truck tonnage ( A T A ) :
Common and contract carriers of property
(qtrly.) cf
average same period, 1967 = 100..
148
Common carriers of general freight, seas, adj.f
1967=100..
166.2
616
654
670
571
619
646
684
652
609
100
16,618
100
4,139
100
4,166
100
4,701
495
153
154
143
236
61
58
64
157
167
181.7
192.5
182.8
178.5
177.6
184.3
667
150
160
177.6
P13. 63
4,575
4,486
47
4,902
4,406
433
4.73
197
27
19.12
19.39
57.4
p 58.4
2, 545 p 2,445
5,756
4,697
541
118
5,639
87
6,308
5,230
520
86
5,603
629
4,556
4,205
311
3.25
193
32
19.03
60.2
2,515
188.5
186.2
197.1
Class I RailroadsA
Financial operations, qtrly. (AAR), excl. A m t r a k :
Operating revenues, t o t a l 0 9
mil. $
Freight
....do....
Passenger, excl. A m t r a k
do
Operating e x p e n s e s e . . .
Tax accruals and r e n t s . .
Net railway operating income
Net income (after taxes) ©
do
do
do
do
19 947
18,658
337
21,829
20,333
356
5,740
5,368
89
5,414
5,015
91
5,902
5,511
91
5,711
19,299
3,377
433
I i 359
21,124
5,375
5,268
5,577
5,590
443
1260
255
1223
73
148
246
1236
r
p
1
2
Revised.
Preliminary.
Before extraordinary and prior period items.
Annual
total; quarterly revisions not available.
3 Beginning Jan. 1978, data are for total unlinked
passenger trips; revenue passenger data no longer available.
Q Includes data not shown
separately.
ifApplies to passengers, baggage, cargo, and mail carried.
§ Passengermiles as a percent of available seat-miles in revenue service reflects proportion of seating
capacity actually sold and utilized.
©Total revenues, expenses, and income for all groups
of carriers also reflect nonscheduled service.
*New Series. Source: I C C (no comparable
data prior to 1972).
cf Indexes are comparable for the identical quarter of each year (and from year to year).
AEffective 1976, denned as those with annual revenues of $50 million OT more; restated 1977
data reflect changes.
© N a t l . Railroad Pass. Corp. (Amtrak) operations (not included m
A A R data above), 1975 and 1976 (mil. $): Oper. revenues, 235; 287; net loss, 353; 469 ( I C C ) .
« Domestic t r u n k operations only (domestic t r u n k s average about 90% of total domestic
b
operations).
See note 1 for p . S-22.
t Effective Mar. 1977 SURVEY, revised back to
1957 to new trading day and seas. adj. factors.
SUKVEY OF CURRENT BUSINESS
June 1979
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of B U S I N E S S S T A T I S T I C S
1977
1978
1978
Annual
S-25
Apr.
June
May
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
2 73.9
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION—Continued
Class I Railroads A—Continued
Traffic:
Ton-miles of freight (net) total Qtrly
bil
K e v e n u e ton-miles, q t r l y . ( A A R )
do
R e v e n u e Dor ton-mile
cents
Price index for railroad freight
1969 = 100..
Passengers (revenue) carried 1 mile
mil
862.6
826.2
2.289
199.1
10, 295
856.2
235.8
203.4
2.344
208.2
4,921
210.5
227.1
203.4
2 70.6
215.2
215.7
215.8
215.8
216.3
231.1
231.7
231.7
232.3
232.7
213.1
207.8
207.9
139
34 96
65
24. 65
70
157
38 83
68
28.45
72
155
39.37
74
27.07
74
164
39.83
73
28. 55
75
169
39.14
72
28.91
78
174
36.77
66
29.28
78
163
38.39
69
29.67
82
160
38.20
70
29.00
75
167
42.06
77
28.99
76
154
39.30
66
29.90
68
155
38.02
50
29.71
54
129
44.19
61
29. 69
66
152
43.36
70
31.31
68
179
42.14
74
31.42
75
8 201
8,198
6, 492
5 364
3,107
09,980
8 903
8,883
7 861
6 325
3,234
62,910
706
662
550
420
351
3,439
718
804
603
496
371
4,986
785
917
686
522
380
8,232
1 024
858
925
545
308
12,047
1,077
901
948
844
290
11,037
742
910
741
698
196
6,375
740
624
640
539
178
5,264
612
593
581
517
168
2,732
584
714
664
548
156
1,921
683
678
672
555
221
1,574
607
599
532
378
234
1,695
747
752
671
488
338
2,541
mil. $
- do
do
do
do
mil
40, 754
18,667
16,313
26,120
7,298
149.9
45 905
20 462
18 630
36,314
8,191
150. 4
3,715
1,688
1 469
2,335
685
146.4
3,820
1, 692
1,574
2,470
673
146.9
3,828
1,694
1,560
2,424
702
147.2
3,783
1,680
1,526
2,356
712
147.5
3,924
1,725
1,636
2,532
703
146.6
3,942
1,765
1,573
2,527
718
148.9
3,959
1,739
1,634
2, 574
708
149.5
3,967
1,765
1,588
3,413
662
149. 6
3,953
1,744
1 607
8,687
654
150.4
4,068
1,782
1 692
2,621
757
151.0
3,977
1,777
1,562
2, 550
737
151.4
mil. $
do
do
554.8
439.6
86.9
576.4
470.0
85.6
46.6
36.6
7.3
49.1
37.5
9.0
48.1
37.5
8.5
46.8
37.0
7.2
50.4
39.1
8.8
47.9
37.9
7.5
51.1
53.9
5.9
49.7
41.0
6.1
49.5
41.8
49.9
42.8
49.9
40.0
53.1
42.1
do
do
do
396 9
279.4
108.4
454 8
313 5
123.3
36.5
24.4
10.4
38 0
25.0
10.3
39.2
25.4
11.0
36.7
24.8
9.6
39.3
26.0
11.6
38.0
25.3
11.0
39.9
31.7
12.1
39.6
26.8
11.0
39.3
31.5
6.3
41.4
27.2
12.5
37.2
24.7
10.8
42.5
26.7
13.9
96
971
233
39
91
986
240
38
92
865
218
33
91
899
231
37
101
964
234
39
Travel
Hotels a n d motor-hotels:
R e s t a u r a n t sales index
same m o n t h 1967 = 100..
Hotels* Average room saleU
dollars
R o o m s occupied
% of total
Motor-hotels: Average room saleU
dollars..
R o o m s occupied
% of t o t a l . _
Foreign t r a v e l :
U S citizens* A r r i v a l s O
thous
DeparturesO
Aliens" ArrivalsO
DenarturesO
Passports issued
National parks visits§
do
_
do
do
. _ ..do. _
do
356
3,523
v 386
COMMUNICATION
Telephone carriers:
Operating revenues 9
Station revenues
Tolls message
Operating expenses (excluding taxes)
Net oDeratinc income (after taxes)
Phones in service end of period
Telegraph carriers:
Domestic:
Operating revenues
Operating expenses
Net operating revenues (before taxes)
Overseas, total :cf
ODeratinii revenues
Operating expenses
Net operating revenues (before taxes)
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
A l u m i n u m sulfate, commercial (17% AI2O3)}
t h o u s . sh. t o n s . . ' 1,255
Chlorine gas (100% C b ) }
d o . . . . • 10,573
i 2,721
Hydrochloric acid (100% II Cl)}
do
431
P h o s p h o r u s , elemental }
do
Sodium carbonate (soda ash), s y n t h e t i c (58%
1,812
NaaO)t
t h o u s . sh. t o n s . .
• 10, 933
Sodium hydroxide ( 1 0 0 % N a O H ) i _
...do
'760
Sodium silicate, a n h y d r o u s }
do
" 1,199
Sodium sulfate, a n h y d r o u s }
...do
Sodium t r y p o l y p h o s p h a t e (100% NasPaOio)!
do
••687
T i t a n i u m dioxide (composite a n d p u r e ) } . . . d o
Sulfur, n a t i v e (Frasch) a n d recovered:
Production..
thous. lg. t o n s . . 1 9,389
5,469
Stocks (producers') end of \ eriod
do
r
1,184
10,959
" 2, 751
441
95
••925
••246
38
10,746
803
1, 235
•"899
64
115
735
720
63
67
i 9,557
5,261
780
5,352
17,576
7,177
2,182
7,951
2,468
8,958
35,821
16, 951
7,216
8 1,797
8,058
8 2,323
9,563
39,648
1,558
689
177
736
224
830
3,319
6,699
573
6,309
23,108
1,169
16,741
1,650
7,341
500
6,833
« 26,247
< 2,622
* 16,741
* 1,827
361
327
8,229
157
404
326
8,390
142
107
"928
••231
37
()
' 913
68
114
58
••921
••228
39
951
237
()
()
()
115
925
210
33
92
919
226
36
101
950
232
39
()
()
()
937
73
103
1,001
70
91
()
889
63
926
59
98
976
57
93
66
60
66
60
65
58
60
57
59
52
64
60
5,472
5,386
790
5,245
5,260
785
5,127
716
5,009
••806
4,783
785
4, 615
1,296
523
153
603
1,422
610
(6)
681
9 168
825
3,459
1,536
650
'154
72o
U69
893
3,503
1,349
638
(6)
683
3,337
1,425
649
" 155
733
9 200
853
3,476
1,249 • 1,550
573
702
(6)
189
647
212
9 144
"895
780
3,289 • 3, 610
1,575
713
174
781
208
869
3,613
614
395
598
2,651
406
1,496
237
619
379
487
2,690
354
1,571
169
651
359
620
1,985
290
1,347
122
599
425
549
1,781
170
1,241
69
599
059
"488
500
554
532
2,493 '01,975
10 212
176
1,048
1,599
195
242
594
435
467
2,008
216
1,179
107
^673
••360
715
3,864
466
1,946
106
670
362
813
2,429
291
1,162
73
13
11
682
0
14
11
619
16
21
18
654
15
23
34
648
11
18
24
643
16
17
17
428
18
31
30
779
48
70
757
10
()
885
63
97
918
73
107
63
60
60
63
810
5,519
795
5, 498
3, 410
1,424
563
164
625
210
768
3,250
1,374
512
172
604
191
732
3,107
1,329
537
182
627
9 176
803
3,350
627
400
789
1,690
73
1,321
58
639
471
692
1,831
129
1,306
119
569
494
557
2,293
148
1,368
205
573
461
417
2, 596
364
1,431
210
81
59
669
13
53
26
812
21
37
37
849
22
3
735
15
••899
67
104
941
62
97
906
64
102
59
63
58
63
826
5,368
811
5,437
1,553
640
168
719
218
822
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrous}
thous. sh. t o n s . .
Ammonium nitrate, original solution}
do
Ammonium sulfatet
.
.do
Nitric acid (100%HNO 3 )}
do....
Nitrogen solutions (100% N)J
do
Phosphoric acid (100% PjO 8 )}
do
Sulfuricacid (100% H 2 SO 4 )t
do
Superphosphate and other phosphatic fertilizers
(100%PiO 8 ):
Production
thous. sh. t o n s . .
Stocks, end of period.
do
Potash, deliveries (KjO)©
do
Exports, t o t a l ?
do
Nitrogenous materials
do
Phosphate materials
do
Potash materials
do
Imports:
Ammonium nitrate
do
Ammonium sulfate..
do
Potassium chloride
do
Sodium nitrate
do
7
" Revised.
v Preliminarv.
' Annual total; monthly revisions are not available.
2
4
For month shown.
s Effective Jan. 1979, data are no longer reported separately.
Because of an overall revision to the export commodity classification system effective Jan. 1,
5
1978, data m a y not be strictly comparable with those for earlier periods.
Less t h a n 500
short tons.
7
See
muiuue cneiiucaiiy-ireaiea ieranzer a n a soaium nitrate containing o\
weight; not strictly comparable with data shown for earlier periods.
A See corresponding note, p. S-24.
If Average daily rent per occupied room, not sched-
18
21
716
0
rl71
758
3,311
P592
uled rates.
9 Includes d a t a n o t s h o w n separately.
© Beginning J a n . 1977, d a t a exclude
p o t a s s i u m m a g n e s i u m sulfate, n o t strictly comparable w i t h those shown for earlier periods.
©Effective 1976, data are compiled b y U . S . D e p t . of T r a n s p o r t a t i o n from I N S records
a n d refer t o air travel; travel b y sea is omitted (for 1973-75, average a n n u a l arrivals a n d dep a r t u r e s b y sea are as follows—units a n d order as above: 814; 784; 159; 129).
§ Effective J a n . 1976, d a t a include visits to Voyageurs N a t i o n a l P a r k (no c o u n t of visits for
earlier periods is available); d a t a for M a r . - J u l v 1976 are restated to delete visits t o P l a t t N a tional P a r k which w a s reclassified as a national recreation area, a n d beginning J a n . 1979, d a t a
include visits t o B a d L a n d a n d T h e o . Roosevelt N a t i o n a l P a r k s (formerly classified as recreational areas).
c? Includes d a t a for Western U n i o n I n t . Cable & Wireless.
}Monthly revisions back t o 1971 are available u p o n request.
S-26
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1978
Annual
June 1979
1979
1978
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS—Continued
Industrial Gases]:
Production:
Acetylene
mil. cu. ft.
Carbon dioxide, liquid, gas, and solid
thous. sh. t o n s .
Hydrogen (high and low purity)
mil. cu. ft.
Nitrogen (high and low purity)
do
Oxygen (high and low purity)
do
5,972
5,262
450
434
449
402
448
415
468
475
455
428
••364
2.256
84,459
331,545
392,984
2,287
90,248
389,382
428,014
190
7,269
31,776
33,694
200
7,342
33,235
37,805
204
7,186
32,273
36,298
205
7,394
31,879
36,295
210
7,510
34,001
37,554
205
7,762
32,653
36,904
206
7,906
34,627
38,016
180
7,929
33,165
37,605
193
8,509
31,521
37,421
167
7,395
35,509
34,291
'157
r 7,176
30,528
31,562
199
8,139
34,608
38,280
Organic Chemicalscf
Production:
Acetylsalicylic acid (aspirin)
Creosote oil
E t h y l acetate (85%)
Formaldehyde (37% H C H O )
Glycerin, refined, all grades
Methanol, s y n t h e t i c .
Phthalic anhydride
mil. l b .
.mil. gal.
mil. lb_
.do...
.do
mil. gal.
mil. lb_
'31.4
i 161.2
» 217. 8
6,046.5
286.0
» 971.8
» 926.0
32.2
i 143.2
i 226. 7
6,433.2
290.5
i 957.8
i 993.4
2.4
13.1
12.4
555.1
23.5
87.3
81.5
3.2
11.9
18.4
550. 4
26.3
78.0
92.7
3.0
13.9
22.5
549.1
21.8
77.3
93.4
2.5
10.1
19.8
535.8
20.0
83.3
87.2
2.5
11.6
20.4
£22.8
29.4
79.8
80.1
2.5
12.9
17.9
546.6
26.4
87.9
79.6
2.5
11.8
20.8
585.0
28.3
73.2
73.9
2.9
12.8
21.7
531.3
24.7
60.9
76.5
2.8
12.5
20.8
548.1
21.9
90.0
94.6
2.8
10.9
15.4
496.2
21.4
71.0
80.0
2.5
10.8
24.4
484.0
24.2
87.0
76.5
3.0
13.9
24.0
582.9
'29.2
72.2
100.6
mil. tax gal.
do
.do
do
498.3
405.4
81.0
71.4
506. 9
420.2
80.2
71.2
42.2
32.1
7.3
80.8
31.3
37.2
7.2
74.6
48.7
37.5
7.5
76.2
42.5
25.4
5.9
85.8
45.4
36.6
7.7
88.4
50.5
30.3
7.4
96.8
40.3
40.3
8.2
76.8
38.0
38.6
7.4
64.6
40.7
37.1
11.6
71.2
42.8
36.6
6.7
66.7
41.3
35.0
5.8
62.2
mil. wine gal.
do
do
223. 8
224.6
2.6
227.7
228.8
2.7
17.7
17.7
2.9
21.3
21.3
2.9
20.3
20.2
3.0
17.0
17.0
3.1
19.9
19.9
3.0
16.9
17,4
2.6
21.7
21.4
2.9
16.6
17.2
2.9
20.1
20.5
2.7
21.3
21.6
2.3
19.0
18.7
2.7
1,797.1 1 1, 764.2
10,100.1 111,083.4
2,705.8 t 2,969.1
5,203.0 ' 5,579. 8
5,267.3 1 5,653.8
149.1
905.2
226.8
474.9
481.0
148.2
915.4
232.3
479.6
501. 6
143.5
900.8
232.2
483.4
480.6
128.8
937.1
232.0
450. 5
458.1
142.7
960.4
260.5
427. 5
469.8
151.8
962.2
257.3
473.4
459.1
169.5
967.0
246.8
477.8
500.3
151.7
937.5
268.2
434.8
479.7
138.8
961.2
244.3
481.5
493.5
149.9
896.4
282.2
504.6
470.9
517.1
273.2
243.8
589.0
324.5
264.5
518.4
296.1
222.2
589.0
336.9
252.1
536.0
292.7
243.3
516.6
268.4
248.2
470.2
238.6
231.6
404.3
200.5
203.8
ALCOHOI4
E t h y l alcohol and spirits:
Production
Used for denaturation
Taxable withdrawals...
Stocks, end of period
Denatured alcohol:
Production
Consumption (withdrawals)
Stocks, end of period
2.7
12.7
22.3
548.5
26.8
100.2
94.9
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
Polyethylene and copolymers..
Polypropylene
Polystyrene and copolymers.
Polyvinyl chloride and copolymers-
mil. l b .
do
.do
do
do
143.4
148.4
166.9
922.6 1,042.4 1,089.4
267.5
319.6
307.7
467.6
551.0
575.7
473.5
548.2
531.2
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly
mil.lb.
Paints, varnish, and lacquer, factory shipments:
Total shipments©
mil. $.
Trade products©
do
Industrial
finishes©
do
2,675.1
2,821.1
5,307.5
2,763.3
2,544. 2
6,008.1
3,183.1
2,825. 0
809.5
586.2
324.7
261.5
790.4
786.7
628.1
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. kw.-hr.
Electric utilities, total.
...do.
By fuels
..do.
By waterpower
do.
Industrial establishments, total
do.
By fuels..
do.
B y waterpower
do.
Sales to ultimate customers, total (Edison Electric
Institute)
mil. kw.-hr..
Commercial and industrial:
Small light and power§
do
Large light and power§
do
Railways and railroads
Residential or domestic
Street and highway lighting..
Other public authorities
Interdepartmental
_
.do.
do.
do.
.do.
do.
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil.!
GAS
Total utility gas, quarterly
(American Gas Association):
Customers, end of period, total.
Residential
Commercial
Industrial
Other
thous..
.do
...do
._
do
...do
'2,124,078 P2,203,891 159, 749 175,184 187,408 202,595 205,637 185,597 175, 621 176,295 191, 703 209,525 186,324
1,903,643 1, 922, 953 134,406 146,409 162,166 178,037 183,505 164,338 155,957 156,292 169, 600 .84,430 164,982
220,435 280, 938 25,343 28,775 25,242 24,558 22,132 21,259 19,664 20,003 22,103 25,094 21,342
1,950,791 2,017,818 153,146 153,813 165,403 176,403 181,386 108,454 167,770 160,614 170,554 182,796
469,227
757,168
4»0,749
782,141
36,001
61,706
36,252
65,057
40,365
67,449
44, 071
65, 894
44,918
67, 819
44,206
68,998
40,144
68,723
37,700
67,247
39,207
66,025
41,615
66,261
4,212
652,345
4,336
679,156
49,722
316
46, 764
353
51, 533
335
60, 266
344
62,366
342
60,883
343
52,656
370
49,440
397
57, 458
403
68,345
14,418
46,242
7,179
14, 803
49,509
7,125
1,170
3,643
568
1,119
3,719
586
1,101
4,005
597
1,129
4,103
606
1,168
4,173
598
1,218
4,201
605
1,285
4,009
609
1,330
3,913
614
1,401
5, 456
610
1,359
4,177
637
62,610.0 69,852.9 5,277.1 5,278. 2 5,802. 3 6, 318. 6 6, 510. 8 6,420.2 5,918. 6 5,552.0 5,828. 2 6,339.5
45, 725
46,269
45,580
45,355
46, 269
42,108
3,400
U75
242
42,623
3,430
174
42
41,984
3,373
172
51
41,816
3,332
169
38
42, 623
430
174
42
14, 341
14,726
3,180
2,551
3,683
4,946
2,409
2 6,711
2 274
5,083
2,476
6.858
309
960
492
1,662
66
429
306
1,758
59
1, 254
612
1,747
70
6,861
Revenue from sales to customers, total mil. $.. 28,303 31,945
2,517
Residential
do.... 11, 541 12,857
1,118
4,980
5,617
Commercial
...do
3,128
13,046
Industrial.
do
2 11,385
97
Other
.do....
425
2 397
r
Revised.
*> Preliminary.
i Reported annual total; revisions are not distributed to
the monthly data.
2 Beginning 1976, Industrial includes electric generation, priori0 1976,
electric generation was included with other.
O Monthly revisions for Oct. 1976-Feb. 1978
will be shown later.
§ Data are not wholly comparable on a year to year basis because of
5,503
8,416
1,332
713
3,374
85
3,323
1, 456
3,525
111
Sales to customers, total.
Residential
Commercial
Industrial
Other
...tril. Btu.
do.
.do.
_do.
do.
changes from one classification to another.
cf Data are reported on the basis of 100 percent
content of the specified material unless otherwise indicated.
t Monthly revisions back to
1973 are available upon request.
June 1979
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1978
Annual
S-27
1979
1978
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
12.87
11.57
13.76
13.83
12.32
14.00
13.57
12.01
14.06
16.89
15.01
14.44
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES 9
Beer:
Production
„_
mil. bbl_.
Taxable withdrawals
do....
Stocks, end of period
do....
Distilled spirits (total):
Productionmil. tax gal..
Consumption, apparent, for beverage purposes
mil. wine gal..
Taxable withdrawals.
...mil. tax gal..
Stocks, end of period
do....
Imports
mil. proof gal..
Whisky:
Production
mil. tax gal..
Taxable withdrawalsdo
Stocks, end of period
do
Imports
mil. proof gal..
170.51
156.92
12.42
179.09
162.19
13.76
15.63
13.60
15.01
16.56
15.00
14.97
16.88
15.82
14.57
16.74
15.29
19.81
17.61
16.28
14.33
14.62
13.72
14.01
14.01
12.99
13.71
12.71
12.04
13.50
166.51
13.69
15.15
14.95
7.63
13.20
14.61
18.78
18.09
15.40
15.08
14.31
445.02
237.69
662.51
128.60
33.82
20.15
34.36
17.44
685.96
9.29
38.75
20.61
683.36
10.94
32.06
15.63
678.12
9.08
35.77
21.30
672.34
9.90
34.23
20.18
669.16
10.94
37.35
25.42
665.18
14.83
44.52
22.42
663. 28
14.13
52.92
17.61
662.51
11.28
32.02
18.26
661.03
8.36
30.30
13.69
661.64
8.12
9.02
9.70
80.60
128.63
649.00
91.15
79.12
133.95
600.62
101.89
6.39
11.58
629.07
9.04
7.77
9.52
627.72
7.12
6.80
11.37
624.89
8.70
3.09
8.68
619.70
6.99
6.06
11.39
614.91
8.08
7.36
12.00
610.95
8.46
8.39
15.12
605.23
12.14
9.21
12.99
601. 20
11.55
7.94
8.77
600.62
8.83
8.44
10.09
598.69
6.36
8.85
7.52
599.88
5.07
6.91
7.51
110.52
41.48
111.42
39.76
8.68
2.81
9.36
3.10
9.79
3.36
7.46
3.03
10.25
3.48
9.77
3.40
10.49
4.49
9.60
3.42
8.06
2.60
8.34
2.58
7.12
2.20
22.86
21.35
8.56
2.93
23.04
20.60
8.25
4.31
1.41
.98
10.19
.30
1.94
1.71
10.67
.40
1.24
.83
10.22
.40
1.92
1.13
10.97
.28
2.55
1.76
11.58
.30
2.06
1.90
11.43
.40
2.73
3.27
8.51
.44
2.59
3.25
12.56
.64
1.52
2.50
8.25
.47
1.93
1.12
8.19
.36
1.66
.85
9.95
.18
1.80
1.52
10.33
.34
.35
5.70
' 420.11
• 318.83 25.65
527.07 411.29
89.77
7.26
4.81
25.62
348.02
7.98
4.51
26.34
355.00
8.64
2.53
23.32
320.44
8.18
32.67
25.43
332.30
8.06
140.20
431.50
7.68
151.16
29.10
553.44
8.05
41.16
31.17
555.80
22.29
27.77
527.07
7.01
23.94
458.12
4.50
6.13
32.84
465.05
7.44
6.95
159.31
432.56
221.12
706.68
112.94
7
11.52
Rectified spirits and wines, production, total
mil. proof gal..
Whisky
do....
Wines and distilling materials:
Effervescent wines:
Production
_
mil. wine gal..
Taxable withdrawals
do
Stocks, end of period
do
Imports
do
Still wines:
Production
do
Taxable withdrawals
do
Stocks, end of period
do
Imports
do
409.75
310.41
505.49
65.79
7.90
6.40
26.44
484.25
7.11
Distilling materials produced at wineries.. .do.
276.55
244.23
1.57
1.90
3.56
1.46
32.17
97.78
67.42
16.13
9.47
6.70
4.74
4.20
—mil. lb. 1,085.6
184.9
...do...
$ per l b . .
1.015
999.0
206.9
1.141
98.5
246.2
1.084
96.7
264.6
1.088
84.7
282.0
1.093
73.7
297.7
1.117
64.2
284.6
1.207
64.5
266.7
1.220
71.1
251.8
1.219
66.7
228.9
1.260
77.2
206.9
1.258
97.4
208.6
1.150
86.6
214.7
1.150
89.3
209.5
1.195
92.4
216.5
1.239
3.516.5
2.093.6
436.4
357.9
242.2
306.2
190.8
328.7
208.2
332.9
209.3
297.0
183.4
284.6
167.5
264.9
149.2
279.4
159.0
276.3
153.5
300.1
171.8
288.9
173.8
276.0
166.0
323.0
185.3
317.7
192.0
447.1
379.2
13.6
462.5
393.3
13.8
500.2
423.4
13.0
498.5
423.0
16.4
489.7
416.8
22.7
476.6
397.2
455.2
379.6
22.0
431.0
357.0
30.7
436.4
357.9
45.6
436.8
361.6
12.8
446.2
367.8
6.5
439.9
363.0
10.8
•452.9
377.2
15.0
493.4
413.7
19.3
1.259
1.259
1.259
1.260
1.321
1.340
1.394
1.400
1.410
1.410
1.350
1.356
1.374
1.376
68.9
82.4
78.8
73.8
69.0
58.2
58.9
52.3
59.3
58.0
56.8
63.0
72.0
57.4
79.4
101.4
120.2
134.4
136.0
113.8
84.4
70.3
66.0
56.4
49.6
68.3
3.6
3.5
3.2
2.3
2.1
2.4
4.2
2.7
2.4
3.1
3.1
5.0
4.4
26.29
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
Stocks, cold storage, end of period
Price, wholesale, 92 score (N.Y.)
Cheese:
Production (factory), totalt
American, whole milkj
..mil. lb
do_.
3,357.9
2,042.4
468.6
Stocks, cold storage** end of period
do
404.7
American, whole milk
do
209.4
Imports
do
Price, wholesale, American, single daisies (Chi1.301
1.187
cago)
$ per lb..
Condensed and evaporated milk:
Production, case goods*
..mil. lb..
777.2
818.9
Stocks, manufacturers', case goods, end of month
70.3
or year
mil. lb..
75.2
Exports:
Condensed (sweetened)
do
4.1 6« 37.0
Evaporated (unsweetened)
do....
28.8
()
Fluid milk:
Production on farms*...
do.... 122,698 121,928
64,910
Utilization in mfd. dairy products*
do
65,879
Price, wholesale, U.S. average*
$ per 100 lb..
9.72 ••10.60
Dry milk:
Production:
72.8
Dry whole milk*
mil. lb..
69.4
928.8
1,106.0
Nonfat dry milk (human food)*
do
Stocks, manufacturers', end of period:
4.4
6.0
Dry whole milk
_
do
40.1
60.7
Nonfat dry milk (human food)*
do
Exports:
23.8 ««122.8
Dry whole milk
do
38.8
)
Nonfat dry milk (human food)
do
Price, manufacturers' average selling, nonfat dry
.714
.665
milk (human food)*
$ per lb.
10,631
5,903
10.10
11,178
6.299
' 10.10
10,851
6,295
10.00
10,534
5,687
10.10
10,213
5,323
10.50
9,733
4,854
10.90
9,832
4,837
11.30
9,364
4,517
11.60
9,788
4,833
11.80
10,035
5,285
11.90
9,379
5,016
11.90
10,555
5,748
11.80
10,609
5,837
11.60
7.4
96.4
8.0
103.0
6.9
113.5
5.9
98.2
5.5
78.6
5.0
59.1
4.9
49.0
5.0
41.9
5.8
54.4
7.2
55.1
5.8
54.9
8.0
76.1
7.3
79.3
8.4
87.2
9.5
95.0
9.4
94.9
7.4
63.6
5.3
52.2
4.9
37.0
4.6
40.8
4.3
51.2
6.0
12.9
31.5
8.7
3.7
36.6
10.0
4.4
40.1
5.8
9.3
73.9
15.1
9.3
87.8
5.8
84.9
1.4
3.0
12.9
.705
.711
.710
.713
.715
.724
.732
.747
.765
.764
.766
.772
.788
335.8
334.4
Exports (barley, corn, oats, rye, wheat).. .mil. bu.. 2,586.1 3,311.2
271.3
Barley:
3 420.2 3 447.0
Production (crop estimate) A
do
2 <172.1
329.2
388.0
Stocks (domestic), end of period
do.
2 4104.7
218.9
273.8
On farms
do.
2 4 67.4
110.3
114.2
Off farms
do
3.3
2.3
72.8
31.3
4.4
Exports, including malt §
do
Prices, wholesale (Minneapolis):
2.49
2.35
2.45
2.30
2.38
No. 2, malting
$ per bu..
2.44
2.34
2.64
2.29
2.38
No. 3, straight
do.
Corn:
Production (crop estimate, grain only)Amil. bu.. 3 6,425.5 3 7,081.8
2,837.4
Stocks (domestic), end of period, total
do
5,503.0 6,198.9
2 1,848.6
On farms.
._
do
3,824.3 4,517.5
2
988.8
Off farms.._
do
1,678.7 1,681.5
207.3
1,596.2 1,975.2
Exports, including meal and flour
do
160.9
214.3
Price, wholesale:
Weighted avg., selected markets, all grades
2.62
$ per bu..
2.22
2.52
2.39
2.80
Oats:
Production (crop estimate) A
mil. bu.. 3 750.9 3 601.5
310.6
Stocks (domestic), end of period, total
do
565.0
563.7
On farms
_
do.
2 4 257.1
482.3
483.2
Off farms
do.
2 4 53.6
82.7
80.6
.4
1.1
15.2
Exports, including oatmeal
do
11.2
.6
Price, wholesale, No. 2, white (Minneapolis)
1.34
1.37
1.42
1.36
$ per bu.
1.44
r
Revised.
P Preliminary.
* Includes Hawaii,
not available on3 a monthly basis;
2
monthly revisions for 1976 will be shown later.
stocks as of June 1.
Crop estimate for
the year.
4 Previous year's crop; new crop not6 reported until Oct. for corn and June for
barley and oats (beginning of new crop year).
Beginning Jan. 1978, data for condensed
and evaporated milk are reported under the single heading "total milk and cream, condensed and evaporated"; data for dry whole milk and nonfat dry milk are under the heading
288.3
327.6
303.8
260.8
248.7
252.1
202.4
194.7
248.3
266.8
1.0
388.0
273.8
114.2
.5
4.0
237.5
1.245
11,175
11.50
GRAIN AND GRAIN PRODUCTS
338.7
5.2
2.12
2.10
171.3
2.47
5.0
2.14
2.11
129.6
4.3
2.26
2.29
4 1,104.0
4 659.3
4 444.7
176.4
180.3
2.31
2.24
665.7
550.7
115.0
.3
3.2
2.18
2.27
139.5
2.27
2.48
2.44
2.32
2.37
294.7
196.6
98.1
.7
.1
2.23
2.28
2.29
2.28
6,198.9
4,517.5
1,681.5
159.1
153.9
130.1
2.34
2.23
2.15
563.7
483.2
80.6
1.4
2.43
2.44
2.52
2.50
:, 420.6
3.098.2
1.322.3
169.6
124.6
187.5
2.46
2.58
2.48
2.65
2.65
2.74
393.6
329.2
64.4
.3
.2
.3
.4
1.59
1.47
1.48
1.54
1.44
1.37
1.38
1.56
1.25
1.27
7
"total dry milk, whole and nonfat."
« See corresponding note for p. S-29.
Reported
annual
total, including Hawaii; monthly data are preliminary and subject to revision.
8
Less than 50 thousand bushels.
1.8
5.4
1.7
1.47
9 Scattered monthly revisions back to 1973 are available.
* Revised monthly data back
to 1973 are available.
A Revised crop estimates for 1970-74 are available.
S-28
June 1979
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1978
1979
1978
Annual
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS—Con.
Rice:
Production (crop estimate)Amil. bags 9..
California mills:
Receipts, domestic, rough.
mil. lb..
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of period
mil. lb_.
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers..
mil. lb_.
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
..mil. lb_.
Exports.
do
Price, wholesale, No. 2, medium grain (Southwest Louisiana)..
$ per lb_.
Stocks (domestic), end of period, total
On farms...
Off farms
1137.8
2,215
1,460
1,675
989
93
63
214
304
226
9,557
6,217
8,824
6,130
2,629
4,995
.152
Rye:
Production (crop estimate)A
mil. bu_.
Stocks (domestic), end of period
-do
Price, wholesale, No. 2 (Minneapolis)..$ per bu..
Wheat:
Production (crop estimate), total ASpring wheat A
Winter wheat A
Distribution, quarterly cf
199.2
1
1
1,638
4,972
7.177
17. 3
9 3
2.39
26.2
16.3
2.64
mil. bu..
do
-do
do
1
2,036
*499
1,537
1,827
11,799
1550
U,248
2,162
do.
do.
...do.
1,993.8
831.3
1,162.5
1,631.8
815.4
81(^.4
905.8
863.9
•1,289.4
1,243.5
Exports, total, including
flour.
do.
Wheat only
do.
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu..
No. 2, hd. and dk. hd. winter (Kans. City).do...
Weighted avg., selected markets, all grades
$perbu..
131
463
339
.205
3.02
179
140
103
61
72
109
240
58
79
72
275
126
124
162
171
55
79
330
151
213
191
239
229
237
185
277
253
304
222
122
187
139
101
455
109
434
110
385
1,005
500
3,062
599
1,708
654
884
620
822
562
607
509
482
511
563
553
539
599
1,287
952
1,740
170
81
684
842
2,184
2,604
2,496
2,488
3,365
1,624
1,977
364
347
325
545
467
371
596
361
416
484
498
.190
.185
.175
.145
.145
.145
.148
.140
.140
.140
.165
2.39
2.19
24.0
2.37
2.32
2.48
16.3
2.52
2.38
2.49
12.6
2.32
2.39
3*4.1
3.23
2.96
2
2 351
1,176.
<492.9
683. 8
839
,137.0
1,032.9
1,104.2
506
408
1,631.8
815.4
816.4
224.2
628.7
595.5
107.8
101.8
124.2
118.8
115.1
108.8
110.0
106.1
136.9
131.9
122.8
118.3
116. 5
113.0
93.1
92.3
91.2
90.0
71.3
70.4
69.8
67.1
78.3
75.5
78.7
77.0
2.80
2.62
3.24
3.24
3.32
3.34
3.35
3.26
3.27
3.20
3.18
3.20
3.18
3.12
3.30
3.27
3.39
3.44
3.52
3.50
3.16
3.46
3.32
3.41
3.47
3.52
3.50
3.56
3.54
3.58
2.88
3.33
3.37
3.40
3.34
3.22
3.31
3.34
3.51
3.55
3.40
3.30
3.55
3.59
3.54
24,078
417
53,601
23,051
402
51,544
22,335
384
49,749
25,053
438
56,062
22,395
400
50,506
24,843
436
55,348
2,297
3,459
2,694
1,674
2,145
3,342
1,963
1,505
357
8.388
7.463
8.100
7.225
8.250
7.600
7.938
7.575
7.825
7.550
7.900
7.600
8.400
7.925
288
3,215
271
3,052
261
2,869
304
3,247
275
3,027
287
3,180
Wheat flour:
Production:
Flourtthous. sacks (100 lb.). 275,784 277,844 22, 554
4,878
Offalt
thous. sh. tons..
4,855
385
Grindings of wheatj
thous. bu. 618,125 621, 276 50, 478
Stocks held by mills, end of period
4,160
thous. sacks (100 lb.).
3,214
17,994 619,711
Exports
do
2,554
Prices, wholesale:
Spring, standard patent (Minneapolis)
7.160
$ per 100 lb.
8.638
8.012
6.246
Winter, hard, 95% patent (Kans. City)..do-_
8.250
7.467
22,817
404
50,886
21,542
374
48,163
23,454
'401
52,454
22,248
382
50,034
382
1,165
3,477
1,163
752
8.138
7.788
7.813
7.550
8.038
7.775
8.313
8.175
8.300
8.125
274
3,029
267
2,834
265
3,090
212
2,559
245
2,670
200
2,366
60.35
69.95
80.73
64.88
75.61
91.48
71.04
82.55
97.50
75.00
86.83
104.56
5,693
7,113
6,962
54.93
49.66
45.29
22.3
'19.5
23, 738 21,942
381
416
52,934 48,893
3,214
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. animals.
Cattle
.do...
Prices, wholesale:
Beef steers (Omaha)
$ per 100 lb.
Steers, stocker and feeder (Kansas City)..do...
Calves, vealers (So. St. Paul)t.do...
Hogs:
Slaughter (federally inspected)...thous. animals.
Prices:
Wholesale, average, all weights (Sioux City)0
$ per 100 lb.
Hog- corn price ratio (bu. of corn equal in value
to 100 lb. live hog)
Sheep and lambs:
Slaughter (federally inspect ed)..-thous. animals.
Price, wholesale, lambs, average (Omaha)
$ per 100 lb.
MEATS
Total meats (excluding lard):
Production, totalt
...mil. lb.
Stocks, cold storage, end of period O
.do...
Exports (meat and meat preparations)
do...
Imports (meat and meat preparations)
do...
Beef and veal:
Production, totalt
do...
Stocks, cold storage, end of period O
do...
Exports
do...
Imports
do...
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 lbs.) (East Coast) If
$ per lb.
Lamb and mutton:
Production, totaltmil. lb.
Stocks, cold storage, end of period
do...
4,696
38,717
3,620
36,948
304
40.38
38.74
48.19
52.34
56.16
69.24
52.52
53.81
69.45
57.28
59.85
77.26
55.38
57.42
73.28
54.59
58.67
75.72
52.40
58.22
81.66
54.26
60.23
83.25
54.93
62. 06
81.82
53.82
60.75
78.60
55.54
64.19
78.00
74,018
74,139
6,213
6,298
5,778
5,402
6,227
6,203
6,576
6,737
6,101
41.12
48.67
46.22
49.25
48.19
46.94
48.83
50.34
52.58
'19.8
22.4
6,133
5,169
53.38
20.1
20.9
20.9
'23.9
'24.2
'25.8
'23.4
52.11
23.0
24.0
24.2
430
451
441
406
438
435
457
413
391
354
431
425
63.28
62. 75
71.00
59.50
60.00
59.25
62.50
60.00
59.50
64.00
73.75
71.25
61.25
70.50
39,172
5 567
1,315
1,741
38,119
724
1,338
2,072
3,079
753
108
202
3,269
760
108
181
3,081
721
99
167
2,883
645
93
161
3,274
581
119
137
3,139
598
131
182
3,355
639
124
184
3,345
715
119
201
3,094
724
111
181
3,281
736
102
201
2,758
711
95
184
3,093
763
11'
214
2,882
'785
6
25,780
6 327
93
1,377
24,610
414
6 388
1,635
1, 960
389
32
161
2,118
399
30
147
2,009
382
32
133
1,896
346
28
123
2,147
324
35
107
2,019
342
42
151
2,151
356
31
141
2,083
396
32
165
1,941
414
2,110
440
28
160
1,735
413
31
151
1,816
436
36
171
1,619
'422
31
15'
.846
.922
.897
.878
.840
.854
.859
.845
.974
8.975
1.046
1.081
.662
.834
341
10
300
12
2
' Revised.
See "d1" note, this page. 3 Stocks as of
Junel
year)
averagi
mate for 1979 crop.
9 Bags of 100 lbs.
cf Data are quarterly except for June (covering
Apr. and May) and Sept. (covering June-Sept.).
O Effective April 1977 SURVEY, data
beginning Feb. 1976 are restated to exclude cooler meats; comparable earlier data will be
'21.0
49.73
145
99
201
shown later.
t See corresponding note, p. S-29.
© Effective July 1977 SURVEY, monthly
prices are restated through May 1977 to coincide with published annual averages wmcn are
for "all weights, excluding sows"; comparable monthly data prior to May 1976 will be shown
later.
A Revised crop estimates for 1971-1974 are available.
JMonthly revisions bacK
to Jan. 1975 will be shown later. H Effective Feb.
c 1979, prices are for Central U.S. (including East Coast); comparability is not aflected.
Corrected.
June 1979
S-29
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of B U S I N E S S S T A T I S T I C S
1977
1978
Annual
1979
1978
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MEATS—Continued
Pork (excluding lard):
Production, totalt
mil. lb
Stocks, cold storage, end of periodA
do._.
Fxports
do
Irn ports
do
Prices, wholesale:
Hams, smoked composite
$perlb_.
Fresh lGins, 8-14 lb. average (New York)...do..
1,237
'278
1,125
1,047
1,095
1,176
1,236
1,129
1,147
1,001
1,251
347
281
31
28
260
25
26
964
220
23
29
1,101
282
25
32
179
31
23
178
32
23
207
35
36
245
36
29
242
26
29
225
23
31
220
18
27
247
23
33
.865
.952
.900
1.091
.759
1.001
.820
1.091
.808
1.129
.803
1.102
.887
1.067
.905
1.147
1.038
1.212
1.086
1.124
1.078
1.097
.885
1.254
.880
1.251
n.939
1.119
.788
1.114
11,916
12,553
901
1,088
1.127
1,052
1,234
1,119
1,229
1,081
978
1,057
878
1,063
1,066
239
136
'235
'129
263
154
.285
13,051
3186
13,209
6
289
298
1
242
346
1 003
295
26
33
.752
1.071
POULTRY AND EGGS
Slaughter (commercial production).
mil. lb..
Stocks, cold storage (frozen), end of period, total
mil. lb..
Turkeys
do
Price, in Georgia producing area, live broilers
$perlb_.
Eggs:
Production on farms t
mil. cases©..
Stocks, cold storage, end of period:
Shell..
thous. cases©..
Frozen
mil. lb
Price, wholesale, large (delivered; Chicago)
$ per doz._
310
168
280
175
210
101
213
104
257
153
326
214
416
301
489
373
538
425
346
236
280
175
280
171
259
156
.237
.260
.275
.275
.310
.305
.260
.265
.245
.245
.250
.265
.280
.290
.285
179.5
186.2
15.4
15.9
15.2
15.4
15.4
15.2
15.9
15.8
16.5
16.3
14.6
16.3
15.8
39
30
38
25
36
23
26
27
26
28
48
29
35
26
38
25
22
26
18
24
24
21
19
22
.603
.570
.493
.612
.618
43
29
.632
23
28
.624
29
22
.520
.608
.672
.716
.713
.677
.735
.687
172.1
209.7
'0 2.500
20.5
2.500
16.5
2.500
12.4
2.500
16.1
2.500
14.7
2.500
2.500
15.9
2.500
18.6
2.500
20.2
2.500
27.3
2.500
14.6
26.7
2.500 '0 2.500
12.8
1.570
27
22
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (inch shells)
thous. le\ tons
Price, wholesale, Accra (New York)
$ per lb..
Coffee (green):
Inventories (roasters', importers', dealers'), end
of period
thnns liflp^r?1
Roastincrs (Green weicht^
do
1 684
14 233
2 331
16 299
do
do
per lb..
mil $
14,808
2,453
18,133
1,557
2,679
319
2r 1. 484
3 337 ~~~'~222
mil. lb..
420
422
5 054
4 575
11,242
11,207
4,349
20,335
10,892
10,841
3,734
a 14,138
Imports, total
From Brazil
Price, wholesale, Santos, No. 4 (N.Y.)_.$
Confpotionprv mfi/nnfapti'irprs1 ^alps
Fish:
Stocks, cold storage, end of period*
Sugar (United States):
Deliveries and supply (raw basis):§
Production and receipts:
Deliveries, total...
For domestic consumption...
Stocks, raw and ref., end of period.
Exports, raw and refined
»° 2.144
do...
do
do
sh. tons..
Imports:
Baw sugar, total..
thous. sh. tons..
From the Philippines . . . .
do
Prices (New York):
Raw, wholesale
$ per lb
Refined*
Retail (inch N.F. New Jersey)....$ per 5 lb..
Wholesale (excl. excise tax)
$ per lb_.
3 059
5,130
1,136
656
.109
1.118
.169
7
2,291
4,655
2.331
4,497
2 131
3 781
2 202
3 554
1.650
1,345
1,249
1,316
1,124
1,337
1,901
1,689
1,651
1,747
1,353
1,631
329
206
337
56
57
334
308
280
333
101
82
252
r 207
r 187
1.350
r 337
1.r 540
328
1.540
'335
1.530
p
310
1.4«0
••312
1.460
258
1.270
288
1.360
279
1.380
1.480
' 226
319
324
342
364
408
425
427
426
422
379
343
292
'295
v 297
130
189
135
48
35
115
658
1 046
963
710
494
317
864
891
905
842
901
2,729
1,020
1,014
2,054
840
888
3,326
1,122
1,109
2,264
853
861
3,451
1,033
1.029
3,059
894
888
2,324
849
3,084
835
3,927
802
682
613
841
747
1,019
1,020
1,077
840
3,734
1,174
4,177
<?882
(&)
67
28
300
63
330
56
607
16
335
54
550
131
400
114
327
66
348
134
343
0
214
0
276
8
339
56
8.143
.114
.114
.114
.114
«.135
.144
.150
.142
.145
.138
.150
.153
.139
.141
.220
«1.211
.204
...thous. lb.. * 203,012 151,751
Tea, imports
7.3
865
2,037
965
QAft
771
'
3,662
v 3,617
4,034
1,177 ' 1,422
- 464
111
9
1.270
.201
1.268
.200
1.189
.198
()
.191
.205
.213
.223
.214
.220
.223
.219
.220
.222
15,450
17,523
8,286
13,141
13,788
9,390
12,502
8,877
12,332
14,797
10,568
15,584
13,822
FATS, OILS, AND RELATED PRODUCTS
Baking or frying fats (inch shortening):
Production*.
Stocks, end of period©
mil. lb
do
3,841.1
113.0
4,044.6
106.7
328.0
128.4
335.5
141.1
302.2
126.1
293.0
124.2
360. 4
107.2
356.0
106.9
381.5
107.9
370.1
110.0
332.2
106.7
334.0
121.3
314.1
128.5
' 378.7
' 105. 9
332.2
120.8
do
do
4,352.9
105.4
4,849.2
123.0
435. 0
133.8
413.1
128.1
406.8
123.7
368.8
130.8
410.6
132. 9
389.2
121.6
407.1
106.8
401.3
120.4
389.1
123.0
397.3
117.1
365.6
109.8
'428.3
'115.3
396.8
121.1
Margarine:
2,535. 0
Production
do
79.9
Stocks, end of period©
do
Price, wholesale (colored; mfr. to wholesaler or
.507
large retailer; delivered)
$ per lb..
2,519.5
69.5
186.8
72.3
183.7
63.4
194.6
68.8
166.0
67.8
200. 6
60.3
207.6
66.0
222.2
68.9
220.6
58.9
250.0
69.5
233.1
66.8
214.8
82.1
' 242.9
67.5
183.3
78.1
.529
.552
.552
.552
.552
.525
.522
.521
.533
.528
.523
.523
.535
.551
835.0
847.8
55.1
60.8
74.8
38.3
70.0
71.4
38.8
65.5
63.7
45.4
61.7
62.0
45.1
70.3
70.6
46.3
68.8
74.8
41.8
79.3
77.3
44.4
78.8
72.1
45.0
80.9
64.7
55.1
77.8
67.5
63.4
68.6
68.6
57.6
••81.3
73.0
46.2
73.8
65.7
45.5
Salad or cooking oils:
Production*
Stocks, end of period©
_. . .
.546
Animal and fish fats:
Production (quantities rendered)
Consumption in end products
Stocks, end of periodH
.mil. lb..
do
do
769.4
787.9
42.4
Tallow and grease (except wool), inedible:
6,106.4 5,815.9
500.1
464.9
Production (quantities rendered) *
do
463. 3
Consumption in end products!
do
3,180.5 3,219.5
281.7
296.3
263.1
Stocks, end of period^
do
347.2
346. 6
289.2
292.7
289.3
r
!
_ Revised. * Preliminary. Average for July-Dec: beginning July 1977, prices represent
Midwest and Los Angeles and 3are not comparable with those4 for earlier periods. 2 Average for 5 mos. (Aug.-Dec).5
See " A " note, this page.
Reflects revisions not distributed to the months.
Beginning Aug. 1978, prices are esiimated; not stricily compar6
able with those for earlier periods. Annual average for 1978 represents Aug.-Dec.
Because of an overall revision to the export commodity classification system 7effective Jan. 1,
1978, data may not be strictly comparable with those for earlier periods.
Beginning Jan.
1978, data are for both raw and refined sugar and are not comparable with those for earlier
9
periods.
8 Beginning Jan. 1978, data are no longer available; see note 7, this page.
Beginning July 1978, data no longer available. Annual average for 1978 represents Jan.-June.
453.2
432.8 ' 488.5
486.7
503.6
501.8
505.9
474.1
442. 5
491.8
242. 5
273.6
250.3
286.0
270.1
244.8
267. 7
255.1 ' 268.8
259.0
309.6
346.1
394.0
304.2
348.8
346. 6
398.7
374.8 ' 369.4
368.7
10 Prices for Sept. 1977-Mar. 1979 are estimated; actual data not available. Annual averages
for 1977 and 1978 are based on the^e estimates and are not comparable with other periods,
n Effective Mar. 1979, prices are for Central U.S. and Los Angeles; comparability not affected.
©Cases of 30 dozen.
c?Bags of 132.276 lb.
§Monthly data reflect cumulative revisions
for prior periods.
©Producers' and warehouse stocks.
U Factory and warehouse
stocks.
t Monthly revisions back to 1974 are available.
AEffective April 1977 SURVEY,
data beginning Feb. 1976 are restated to exclude cooler pork; comparable earlier data will
be shown later.
t Revised series. Beginning May 1977 SURVEY, data represent total commercial slaughter (excluding rendered pork fat and lard), whereas the price for calves
(p. S-28), represents a different market. Comparable data prior to Mar. 1976 will be shown
later.
< Corrected.
S-30
June 1979
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1978
Apr.
Annual
1979
1978
May
June
July
Aug.
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:
Production, refined
Consumption in end products.
Stocks, refined, end of period If
Imports
_
mil. lb
do
do
do
729.4
878.7
39.9
994.3
768.3
914.2
44.4
1,022.5
70.4
88.9
48.2
72.4
68.1
87.6
41.2
98.3
69.0
76.1
40.7
79.9
65.3
73.6
38.7
104.5
70.3
79.0
39.0
83.7
61 3
72.4
43.0
47.0
69.6
84.0
40.6
80.4
59.7
75.4
40.3
100.7
46.7
55.4
44.4
60.1
60.0
72.7
45.0
167.2
55.9
66.3
41.3
83.7
'68.0
'83.3
'43.7
87.7
49.7
69.5
41.5
55.6
Corn oil:
Production: Crude
Refined
Consumption in end products.
Stocks, crude and ref., end of period If
do
do
do
do
671.9
577.0
537.6
33.4
720.0
581.1
537.9
70.4
57.1
44.4
37.5
41.2
68.0
53.3
41.2
52.3
64.7
48.1
44.9
62.9
60.5
41.4
37.7
69.3
59.7
55.1
47.3
71.0
63.8
52.7
50.9
72.6
65.4
54.4
50.8
70.1
59.8
46.3
43.7
74.6
55.8
43.5
47.3
70.4
47.6
44.2
49.1
61.0
54.9
41.7
41.6
71.5
'69.4
' 54. 2
'50.5
'69.9
67.4
45.7
36.1
84.4
Cottonseed oil:
Production 1 Crude
Refined t .
Consumption in end products. .
do
do
do
1,254.6
1,188.8
625.3
1,417.7
1,344.8
697.3
122.1
122.5
55.7
109.2
109.9
63.4
113.9
114.1
65.9
107.8
110.0
62.3
103.5
117.5
60.0
82.0
84.7
57.3
108.8
83.7
55.6
134.0
116.0
64.6
123.5
100.4
54.6
134.4
118.8
55.9
128.0
113.1
57.0
' 135.3
' 126. 4
'60.9
115.4
106.1
48.9
142.3
731.2
.299
127.1
728.8
.332
193.4
61.6
.315
165.4
59.8
.335
139.7
63.5
.333
114.3
70.2
.340
102.3
50.0
.355
84.8
82.3
.405
101.4
25.9
.340
123.0
29.2
.328
127.1
82.5
.330
152.2
56.7
.335
152.9
71.2
.380
'141.0
89.9
.385
142.9
51.3
.395
8,836. 5 10,621.4
7,789. 5 8,713.7
7,451.1 8,175.2
866.9
752.3
686.5
908.2
746. 3
662.4
795.1
662.5
640.5
777.9
649.2
596.2
815.8
725.3
699.8
783.3
679.9
672.5
984.3
782.8
715.9
974.8 1, 050. 4
765. 7
747.7
709.3
707.5
989.1
753.3
695.1
902.3
681.7
636.2
' 982. 2
' 768. 9
' 7o5.3
939.6
754.0
676.3
826.9
218. 9
.319
833.8
176. 4
.336
839.3
147.2
.315
825. 6
165.5
.320
777.5
108.8
.316
728.6
193.4
.330
813.4
96.8
.329
837.1
154.8
.293
970.6
175.4
.305
932.2
219.1
.309
942.8 '1.004.2
249.8
199.0
.325
.321
991.6
185.6
.319
Production (crop estimate)
mil. l b . . * 1,912 i 2, 026
Stocks, dealers' and manufacturers', end of period
5,071
5,070
mil. l b . .
Exports, incl. scrap and stems
thous. lb * 628,564 687,772 40,904
316,236 335,981 29,161
Imports, incl. scrap and stems
.
.do
32, 316
31, 446
4,728
4,451
29,178 "42"661" ~ 52^266' 41, 319
29,661 35,184 28,032 26, 755
85,785
32,049
95, 786
21,474
5,071
86,258
21,548
35,559
42,866
50,142
31,267
57, 079
28, 917
51,797
30, 072
6,981
54,390
319
6,050
7,971
58,267
345
6, 616
8,002
50, 321
322
7,823
7,634
53, 387
346
6,328
7,522
53,689
323
6,846
5,456
42,125
271
6,160
6,842
55,455
246
4,398
6,778
48,628
243
5,639
8,896
58,865
331
7,758
6, 417
Stocks, crude and ref., end of period 1ft...do
Exports (crude and refined)
do
Price, wholesale (N.Y.)
$ per l b . .
Soybean oil:
Production: Crude.. _.
Refined J
.
Consumption in end products...
mil. lb
do
do
864. 0
Slocks, crude and ref., end of period Ht-.-do
1,666.9
Exports (crude and refined)
.do
.289
Price, wholesale (refined; N.Y.)
$ per l b . .
5
970. 6
1,944. 5
.309
.380
.311
TOBACCO
T oof.
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-ex empt
Taxable
millions.. 78,133
592, 006
do
Cicars (hiryp") iaxablp
do
Exports cigarettes
do
3 776
66, 835
85,135
614,208
3 621
74,359
6,973
50 268
282
5,361
5, 925
44, 397
235
5,523
9,141
54,308
298
7,205
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total9—
..thous. $.. 582,906
2, 508
Calf and kip skins
thous. skins..
Cattle hides
thous. hides.. 24,488
Imports:
Value, total9
Sheep and lamb skins
Goat and kid skins
thous. $.
thous. pieces.
.do...
694,617
2, 665
24, 792
61, 297
265
2,375
55, 370
194
2,122
55,846
199
2,078
47,511
222
1,725
58, 797
189
2,176
54,396
339
1,779
60, 090
181
1,922
58, 503
177
1,754
91,186
241
2,676
61, 605
207
1,635
77, 390
264
2,056
98,309
233
2,405
91,698
267
2,130
96, 600
15, 468
1,137
105,600
17,807
1,762
12,200
2,541
11,400
2,245
128
8,800
1, 577
45
8,300
1,848
190
7,800
1,323
75
7,600
1,093
117
7,700
920
112
7,100
935
175
7,000
739
158
9,200
1,321
352
8,400
1,581
145
10, 000
1,835
191
1,449
121
3.914
.370
1.346
.472
1.100
.413
1.100
.418
1.100
.458
1. 200
.478
1. 850
.530
1.850
.590
1.850
.573
1.650
.548
1. 650
.518
1.800
.603
2.000
.653
2.200
.913
2.200
1.060
206,270 208,799
16, 720
18, 899
21,427
14,160
19,726
16,224
17,438
17,947
17,176
13,854
16,014
18,833
16,480
* 235.2
207.1
210.0
227.2
241.6
270.4
261.7
270.4
267.5
284.7
284.7
338.0
366.7
403,252
Prices, wholesale, f.o.b. shipping point:
Calfskins, packer, heavy. 9H/15 lb
$ per l b . .
Hides, steer, heavy, native, over 53 l b . .
do
LEATHER
Production:
Calf and whole kip
thous. skins..
Cattle hide and side kip_-thous. hides and kips..
Goat and kid
thous. skins..
Sheep and lamb
do
Exports:
Upper and lining leather
thous. sq. ft..
Prices, wholesale, f.o.b. tannery:
Sole, bends, light
index, 1967=100..
Upper, chrome calf, B and C grades
index, 1967=100..
2
206.1
LEATHER MANUFACTURES
Footwear:
Production, total
_
thous. pairs.. 406,004
Shoes, sandals, and play shoes, except athletic
thous. pairs.. 315,741
72,441
Slippers
.do
Athletic
d o . . . . 14,667
3,155
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..
Won]en's oxfords, elk side upper, Goodyear
welt
.index, 1967=100..
Women's pumps, low-medium quality.--do
5,411
34,381
38,051
35,382
25,314
35,626
32,695
34,710
32,428
29,167
33,981
31,795
35,146
314,806 26,669
66, 589 5,829
17,648
1,494
4,209
389
29,506
6,410
1,783
352
27,130
6,238
1,666
348
20,470
3,475
1,070
299
27,421
6,267
1,539
399
24,604
6,204
1,507
380
25,633
6,956
1,696
425
24,751
5,863
1,476
338
23,475
3,916
27,325
4,700
1,595
361
25,243
4,679
1,484
389
28,100
5, 312
1,349
385
495
448
514
454
605
467
546
612
679
549
526
657
452
211.4
211.4
211.4
213.8
218.6
221.0
181.7
157.4
182.9
161.3
182.9
161.3
182.9
161.3
187.7
161.3
197.3
170.9
197.3 j 197.3
197.3
197.3
204.6
207.0
6,179
193.3
171.8
144.9
185.3
7157.5
182. 9
161.3
2
' Revised.
* Crop estimate
for the year.
Annual total reflects revisions
not distrib3
4
uted to the monthly data.
Average for Jan.-Sept., Nov. and Dec.
Average for Jan.5
May, and July-Dec.
Because of an overall revision to the export commodity classification system effective Jan. 1, 1978, data may not be strictly comparable with those for earlier
6
7
periods.
Data no longer available.
Average for Jan.-Oct.
items not shown separately.
*f Factory and warehouse stocks,
back to Jan. 1977 are available.
9 Includes data for
j Monthly revisions
J u n e ±yfy
S-31
SURVEY OF CURRENT BUSINESS
1978
1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1979
1978
Annual
Apr.
May
June
July
Aug.
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
".'.".Ill" do
Shipments, total
Hardwoods
Softwoods
do
__ do
I l l " " "do"
1
37,520
6,597
30,923
3,127
571
2,556
3,203
546
2,657
3,333
574
2,759
2,988
597
2,391
3,263
591
2,672
3,285
580
2,705
3,333
629
2,704
3,102
618
2,484
2,931
595
2,336
2,877
619
2,258
2,877
607
2,270
38,051
7,365
30, 686
3,133
574
3,355
583
2,772
3,548
600
2,948
3,156
574
2,582
3,357
567
2,790
3,250
577
2,673
3,262
601
2,661
3,116
600
2,516
2,907
572
2,335
2,813
604
2,209
2, 756
2,559
4,851
772
4,079
4,747
802
3,945
5,190
752
4,438
5,038
715
4,323
4,877
687
4,190
4,705
706
3,999
4,632
732
3,900
4,669
737
3,932
4,740
765
3,975
4,731
783
3,948
4,747
802
3,945
4,811
817
3,994
4,932
835
4,097
1,670
10,698
1,300
12,199
125
915
212
1,173
118
1,117
93
1,194
88
1,119
94
1,014
96
1,091
96
979
100
954
97
925
121
761
129
8,712
565
8,920
553
757
679
807
706
833
614
705
597
779
610
742
612
632
526
718
553
747
622
648
639
8,796
8,781
964
8,912
8,932
944
745
727
1,161
745
780
1,126
816
925
1,017
619
722
914
634
548
672
717
886
738
717
907
790
740
957
707
718
946
689
691
944
669
678
935
674
631
978
803
685
775
757
996
1
37,755
6,712
31, 043
Stocks (gross), mill, end of period, total.._ do
Hardwoods.
.
do
Softwoods
._
III "do"
Exports, total sawmill products
do
Imports, total sawmill products
IllldoIIII
i 37,947
7,395
30, 552
1
589
2,167
SOFTWOODS
Douglas fir:
Orders, new
mil. bd. ft
Orders, unfilled, end of period..
.do
Production...
_do
Shipments
.do. _
Stocks (gross), mill, end of period
...do
Exports, total sawmill products
do..
Sawed timber
do
Boards, planks, scantlings, etc
I~doI.II
Price, producer:
Dimension, construction, dried, 2" x 4", R. L.
$ p e r M bd. ft..
488
129
359
478
119
359
37
10
27
52
16
36
50
19
31
47
4
44
30
7
23
35
11
24
39
8
31
34
7
27
35
7
28
31
8
23
230.38
253.39
238.48
238.43
245. 28
245.00
272.06
274. 74
266.66
271.51
262.40
258.77
260.53
Southern pine:
Orders, new
Orders, unfilled, end of period
i 8,291
470
i 8,319
505
767
563
761
588
696
552
668
544
769
561
671
541
738
542
626
510
618
505
669
538
691
607
i 8,287
8,284
730
756
735
736
728
732
669
676
733
752
688
691
737
737
663
658
646
623
654
636
642
622
mil. bd. ft..
do
Production
Shipments
do.
do.
Stocks (gross), mill and concentration yards, end
of period
.mil. bd. ft..
Exports, total sawmill products
Production...
Shipments
_
Stocks (gross), mill, end of period
1
267.69
1,166
1,169
1,175
1,174
1,170
1,163
1,144
1,141
1,141
1,146
1,169
1,187
1,207
152,121
14, 920
12, 506
15,495
8,991
10,324
12,161
10,467
15,751
12,518
15,273
25,522
271.0
329.7
321.5
329.7
331.5
333.6
337.7
343.4
346.4
347.1
347.8
348.6
349.4
355.6
359.8
250.2
276.9
271.2
274.4
274.4
276.6
280.6
282.1
283.8
284.3
285.4
285.4
286.5
288.6
290.4
9,907
469
739
596
877
546
874
526
854
544
889
506
980
545
908
545
714
462
774
469
793
596
712
612
818
606
do.
...do.
10, 331
590
10, 309
10,295
9,910
10,028
865
927
843
894
786
836
901
927
927
941
897
908
852
824
1,329
1,400
1,349
1,299
1,273
1,259
1,248
751
767
1,211
701
666
do.
776
797
1,227
722
779
1,246
1,272
1,300
240. 07
251. 25
232.33
236. 92
254. 23
267.17
317. 01
304.49
332.11
366.87
8.5
11.4
10.5
11.4
7.9
10.6
9.8
11.0
9.6
7.2
7.4
3.7
9.9
10.4
3.1
8.7
8.7
3.2
8.9
9.4
2.7
7.8
7.2
2.1
8.3
8.6
1.9
mil. bd. ft.
_do...
_
8,198
i 8,264
261.46
M bd. ft.. 157,806
Prices, producer (indexes):
Boards, No. 2 and better, 1" x 6", Pv. L.
1967=100.
Flooring, C and better, F. G., 1" x 4", S. L.
1967=100.
Western pine:
Orders, new
Orders, unfilled, end of period
1
46
13
33
Price, producer,Ponderosa, beards, No. 3,1"x 12",
R. L. (6' and over)
$ per M bd. ft.
231.53
1,211
4
237.07
1,462
267.57
15,300
371.17
HARDWOOD FLOORING
Oak:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross), mill, end of period
.mil. bd. ft.
do...
do.
do.
do.
112.8
7.9
108.6
9.2
9.5
10.7
9.3
11.6
109.8
110.0
6.2
104.7
106.3
2.7
9.0
9.2
5.2
8.5
5.4
9.3 i
10.2
9.1
10.1
4.0
9.4 I
9.4
8.7
3.4
6.3
9.2
8.0
7.2
2.7
9.2 I
8.3
9.4
1.6
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products.
_
thous. sh. tons__
Scrap
.do
Pig iron
.do
Imports:
Steel mill products...
Scrapt
Pigironf
.do.
do.
do.
2,003
6,175
51
19,307
625
373
2,508
9,278
51
205
695
255
821
1
271
786
1
174
756
5
208
111
7
174
834
1
218
977
11
194
973
8
248
944
11
193
853
35
165
1, 145
5
217
871
2
226
847
20
1, 329
48
33
1,096
68
1,072
73
47
135
794
655
2,175
45
35
1,511
127
38
1,360
55
99
1,785
77
42
1,870
71
78
1,5S4
70
88
1,715
51
41
2,016
67
75
1,372
60
48
1,264
i 51 960
i 51 804
i 99,133
4,477
4,265
8,488
8,779
4,581
4,851
8,938
8,738
4,605
4,509
8,579
8,747
4,070
4,144
7,659
8,865
4,565
4,426
8,279
9,018
4,426
4,186
8,338
8,808
4,699
4,443
8,918
8,536
4,442
4,342
8, 397
8,458
4,323
4,239
8,300
8,313
4,222 I 4,110
4,147 | 4, 019
8,200
7, 928
7,780
21,
46
49
Iron and Steel ScrapU
Production
Receipts, net
Consumption
Stocks, end of period
„
thous. sh. tons.
do...
do...
_do._.
49
47
92
!9
523
873
090
360
' 8 313
Prices, steel scrap, No. 1 heavy melting:
75.42
71.46
71. 38
Composite (5 markets)
*
$per lg. ton.. 2 55.99
73.84
75.00
75.50
80.50
80.35
Pittsburgh district
do
78.29
f
l
Revised.
» Preliminary.
Annual data; monthly revisions arc not available.
8
Effective with Feb. 1977, composite reflects substitution of Los Angeles for San Francisco;
effective
July 1077, it reflects addition
of Detroit and Houston. Avg. for 1977 is for July-Dec.
2
4
Less than 500 short tons.
Average for 11 months; price not available for Nov.
9 Totals include data for types of lumber not shown separately.
t Effective Aug. 1976
P 4,896
P 5, 096
» 9,390
P8,016
94.48 101. 74 122.59
85.95
79.05
71.67
72.81
75.40
76.00
93. 50 108. 50 ! 133.00 "Iii.~56T~96.~66"
88.50
75.50
83.50
78.50
75.50
82.50
SURVEY, scrap excludes imports of rerolling rails and pig iron excludes sponge iron imports
previously included.
<I Effective with 1974 annual and Jan. 1975 figures, data reflect expanded sample and exclusion of direct-reduced (prereduced) iron, previously included m scrap
series.
SURVEY OF1 CURRENT BUSINESS
S-32
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1978
Annual
June 1979
1979
1978
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous. lg. tons..
Shipments from mines
do
Imports
do
55,750
54,053
37,905
80,718
82,539
29,924
6,034
5,299
1,291
7,751
8,558
2,102
7,988
8,754
2,182
7,559
9,757
3,686
7,593
9,779
4,488
7,314
8,707
4,534
7,032
8,088
1,610
6,546
7,667
4,015
6,552
7,095
3,057
6,144
3,296
2,108
5,634
2,486
1,479
6,681
2,792
854
2,242
94,944
108,462
2,143
114,227
116,305
3,762
9,379
390
10,907
10,114
393
11,448
10,216
403
11,787
9,940
143
14,658
10,137
348
12,291
9,797
520
12,285
10,323
317
11,524
9,954
733
9,732
10,341
435
4,711
9,457
183
3,633
8,988
31
4,436
10,540
20
7,443
10,251
343
do
.do
do
do
59,390
14,140
42,271
2,979
55,339
12,469
39,301
3,569
50, 360 49,862
22,411 21,598
26,199 26,903
1,750
1,361
51,887
20,968
28,127
22,792
51,561
18,772
29,939
2,850
53,791 54,681
16,461 15,165
34,349 36,738
2,981 2,778
55,500
14,104
38,585
2,811
56,432 55,339
12, 982 12,469
40,049 39,301
3,569
3,401
53,028
14,852
34,473
3,703
50,685
18,000
29,059
3,626
Manganese (mn. content), general imports...do
834
842
49
71
55
82
42
97
62
64
63
62
50
81,328
82,017
1,309
87,687
88,384
889
7,189
7,316
1,916
7,936
7,969
997
7,754
7,770
1,014
7,637
7,611
1,068
7,518
7,527
1,080
7,391
7,463
1,047
7,809
7,887
7,533
7,594
965
7,658
7,721
889
7,064
7,098
852
6,636
6,678
835
$ per sh. t o n . . 3183.11
196.00
191.00
191.00
935
15,318
7,496
912
15,294
7,840
1,969
1,301
663
976
1,423
737
65
829
458
66
816
446
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.
47,801
21, 886
22,862 19,943
2,890
3,053
60
57
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons..
Consumption
.do
Stocks, end of period
do
Price, basic furnace
Castings, gray and ductile 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
191. 00 191. 00 203.00
203.00
203.00
203.00
1,000
1,330
711
963
1,279
673
917
1,444
729
907
1,312
663
984
1,406
734
946
1,148
587
7,726
7,953
' 8,043 v ?,730
758
203. 00 203.00 203.00
203.00
••997
929
1,239 '1,210
574
600
1,015
1,473
571
912
1,136
561
203.00
'35
Steel, Raw and Semifinished
Steel (raw):
Production
thous. sh. tons.. 125,333
78.4
Rate of capability utilization*
.percent..
Steel castings:
Orders, unfilled, for sale, end of period
451
thous. sh. tons..
1,718
Shipments, total
.do
1,488
For sale, total
do
12, 320 11,861
91.1
91.5
11,388
85.1
11,550
86.3
11,467
88.6
12,105
11,654
89.4
11,812
87.7
11,105
83.5
10,562
87.9
12,576
94.5
492
168
145
501
162
140
592
124
108
634
156
134
159
139
711
173
153
734
161
141
797
155
136
926
171
153
rl70
150
975
194
172
8,610
8,787
7,608
8,293
8,252
8,599
7,813
8,196
8,206
7,996
10,293
7,438
467
444
772
141
S93
393
694
111
457
426
697
123
491
419
68o
140
463
422
701
156
423
424
690
145
461
424
746
154
411
400
662
155
410
391
648
155
545
542
850
183
462
477
739
167
1,509
884
437
180
1,524
904
430
182
1,272
661
359
149
1,463
845
436
174
1,465
877
407
173
1,531
916
422
185
1,370
796
411
155
1,430
856
408
159
1,401
805
396
191
1,440
858
380
193
1,851
1,109
499
232
781
427
154
779
228
502
3,719
1,297
1,527
737
235
549
3,918
1,349
1,629
643
175
472
3,455
1,176
1,430
211
498
3,720
1,316
1,512
204
536
3,630
1,288
1,473
219
487
3,921
1,391
1,588
652
199
410
3,499
1,292
1,398
619
184
524
3,653
1,384
1,420
641
199
526
3,812
1,315
1,607
601
195
461
3.695
1,322
1,499
781
245
753
4,543
1,674
1,800
637
207
426
2,952
1,084
1,165
4,761
2,345
1,017
5,850
2 1,313
2 805
2 255
2 1,414
^328
2 456
2 464
2 2,403
86.6
11,528
88.5
797
1,863
1,627
512
153
133
91,147
186,187
8,055
* 3,991
4,382
7,529
1,863
i 3,922
i 4,383
i 6, 588
1,677
434
413
714
146
491
460
767
155
15,420
9,362
4,179
1,794
113,807
i 7,428
4,688
1
1,691
1,423
827
412
177
7,490 i 6,547
2,457
2,400
6,100
6,382
41,687 i 40, 706
i
14,114
14,558
17,684 117,235
737
231
449
3,509
1,207
1,445
12,196
93.4
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
Bars: Hot rolled (incl. light shapes)
Reinforcing
Cold
finished
do.
do.
do.
do.
Pipe and tubing. _
do
pducts
do.
Wiree and wiree products
.do
Tin mill products
do...
Sheets and strip (incl. electrical), total...do.._
Sheets: Hot rolled
do...
Cold rolled
do...
By market (quarterly shipments):
4,709
15,346 17,377
Service centers and distributors©
.do..
2,497
9, 582
7,553
Construction, incl. maintenance©
do..
926
3,789
4,500
Contractors' products
.do..
5,257
21,490 21,254
Automotive
.do..
3,555
856
3,238
Rail transportation
do..
6,040
1,577
5,566
Machinery, industrial equip., tools
do..
6,
f>01
1,652
6,714
Containers, packaging, ship, materials.-.do.
7,977
26,740 29, 738
Other©
do
Steel mill shapes and forms, inventories, end of
period—total for the specified sectors:
37.2
33.7
33.6
mil. sh. tons..
34.1
32.5
Producing mills, inventory, end of period:
11.7
9.7
9.2
9.5
Steel in process
mil. sh. tons..
10.1
8.0
7.3
7.0
7.0
Finished steel
do....
7.6
Service centers (warehouses), inventory, end of
7.1
7.1
6.6
„ period
mil. sh. tons..
7.1
6.6
Consumers (manufacturers only):
9.8
10.4
9.7
9.8
Inventory, end cf period
do...
6.1
67.5
5.7
6.2
Receipts during period.
do...
63.5
6.0
6.1
6.1
66.9
Consumption during period
do...
63.9
' Revised. 2 v Preliminary.
i Annual
data; monthly or quarterly revisions are not
3
available.
For month shown.
Avg. for 11 months; Feb. price not available.
•New series. Source: American Iron and Steel Institute. The production rate of capability utilization is based on tonnage capability to produce raw steel for a full order book
based on the current availability of raw materials, fuels and supplies, and of the industry's
4,320
2,463
922
5,526
1,015
1,486
1,544
7,330
4,159
2,432
934
5,365
864
1,497
1,615
7,287
1,579
1,847
8,112
34.9
35.1
35.0
34.9
35.6
37.2
'36.2
35.6
10.6
7.1
10.6
7.2
10.7
7.3
10.9
7.4
11.0
8.0
11.2
8.2
10.8
8.2
7.1
7.1
7.0
11.7
8.0
7.1
'6.8
6.8
6.9
10.4
7.4
10.0
'9.8
10.0
10.4
10.0
10.0
10.2
9.7
10.1
6.3
5.4
5.7
5.4
5.4
5.8
6.1
5.3
5.0
6.1
'5.6
5.0
5.7
5.6
5.6
5.8
6.1
4.7
coke, iron, steelmaking, rolling and finishing facilities. Data prior to 1975 are not available.
©Beginning Jan. 1976, data are not comparable with those for earlier periods since oil &
gas supply houses and pipelines, which were formerly shown in "Service centers and distributors" and "Construction, incl. maintenance," respectively, are now included in Other.
SURVEY OF CURRENT BUSINESS
June 1979
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1978
Annual
S-33
1979
1978
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
May
Apr.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
lUuminum:
Production, primary (dom. and foreign ores)
thous. sh. tons._
Recovery from scrap (aluminum content)..do
Imports (general):
Metal and alloys, crude
Plates, sheets, bars, etc
Exports:
Metal and alloys, crude
Plates, sheets, bars, etc...
do
.do..".
do
do
Price, primary ingot, 99.5% minimum..$ per lb..
Aluminum products:
Shipments:
Ingot and mill prod, (net ship.)
Mill products, total
Sheet and plate
Castings..
mil. lb.
.do...
do
do
4,539
1,591
4,804
1,407
387
114
405
114
395
118
408
107
410
125
399
122
416
127
403
132
418
117
418
120
379
119
132
673. 3
73.8
756.9
34.2
58.2
2.4
89.9
2.4
83.5
2.1
66.9
4.8
50.7
5.2
51.3
2.2
2.4
43.1
2.8
35.0
2.5
69.6
3.1
41.0
2.4
53.9
3.2
44.3
4.3
97.8
207.9
126.6
197.0
4.2
14.8
7.0
19.5
9.3
17.3
8.5
15.1
11.0
14.5
15.9
19.5
17.7
13.8
23.1
15.4
14.3
15.7
32.4
18.5
15.4
18.4
14.8
17.2
19.4
19.1
. 5134
.5308
.5300
.5300
.5300
5300
.5300
.5300
.5300
.5300
.5390
.5500
.5500
.5534
.5800
12,808
10, 419
'6,040
2,009
13,982
11,332
r 6,409
1,986
1,079
931
"527
164
1,222
981
"558
172
1,256
••998
'559
171
1,113
'511
126
1,185
1,007
'562
165
1,174
936
'535
165
1,340
1,009
'575
184
1,179
935
'519
174
1,204
928
523
154
1,332
1,003
570
194
1,130
903
512
183
203
5,751
5,697
5,666
5,705
5,588
5,612
5,577
5,550
5,496
5,387
5,258
129.3
119.8
113.7
6.1
133.7
129.6
119.3
10.3
128.0
128.4
121.4
7.0
97.8
104.8
95.9
8.9
125.1
133.6
126.9
6.7
123.2
123.4
117.4
6.0
130.4
136.4
128.5
7.9
127.6
147.4
136.1
11.3
113.9
142.8
116.8
26.0
106.4
123.6
110.2
•513.4
106.1
127.3
119.2
'8.0
41.0
41.0
44.0
30.0
36.0
37.0
41.0
39.0
43.0
41.2
37.6
17.2
7.0
30.5
15.7
20.5
14.9
26.3
9.4
33.1
11.6
25.5
10.0
Inventories, total (ingot, mill products, and
scrap), end of period
mil. lb_. • 5,706
5,496
Copper:
Production:
Mine, recoverable copper
thous. tons 0 . . 1,504. 0 1,490. 3
1,496.2 1,533.1
Refinery, primary
do
1,411.0 1,408. 9
From domestic ores
do
85.2
124.2
From foreign ores
do
Secondary, recovered as refined
376.0
453.0
thous. sh. tons.
Imports (general):
Refined, unrefined, scrap (copper cont.)
thous.
Reflned
Exports:
Refined and scrap
Refined
121.5
133.4
124.7
8.6
tons.
do
528.1
394.0
607.5
463.4
•95.3
62.6
47.8
63.8
53.4
46.5
39.2
28.7
28.4
17.6
34.5
27.7
24.8
12.3
24.2
6.6
do
do
220.3
52.7
321.6
109.3
20.4
7.3
28.1
11.4
26.5
10.1
23.3
7.2
31.6
10.2
41.2
22.2
20.8
5.3
34.4
5.3
34.8
8.8
5 19.2
5 11.2
5 29.8
•9.8
2,202
649
178
2,417
491
' 124
648
162
637
163
635
642
156
595
144
578
189
621
560
154
550
133
534
126
595
491
124
420
101
388
100
664
372
110
.6677
.6651
.6462
.6477
.6657
.6408
.6723
.6763
.7050
.7119
.7190
.7657
.8970
.9672
2,670
2,691
579
2,769
2,775
Lead:
Production:
Mine, recoverable lead
thous. tons 0 .
Recovered from scrap (lead cont.)
.do...
i 589. 2
734.4
5R2.9
753.1
49.4
57.8
54.3
64.3
40.1
62.1
35.5
54.1
47.6
62.6
49.5
68.5
55.5
71.2
50.0
70.1
49.1
67.6
44.0
113.
42.5
Imports (general), ore (lead cont.), metal...do_._
Consumption, total
do...
204.3
1,582.3
83.9
1,468.6
7.7
122.5
5.5
117.4
11.0
99.5
11.0
125.2
4.5
124.
7.4
140.4
5.2
130.9
4.9
123.4
5.4
111.0
5.3
9
. O
4.8
121.6
M7.6
107. 7
5 4.0
114.6
.4575
.4800
5,033
Consumption, refined (by mills, etc.)
thous. sh. tons..
Stocks, refined, end of period
.do...
Fabricators'
.do...
Price, electrolytic (wirebars), dom., delivered
$perlb..
Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products..
mil. lb..
Copper wire mill products (copper cont.)...do.
Brass and bronze foundry products
do.
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
.thous. sh. tons.
Refiners' (primary), refined and antimonial
(lead content)
thous. tons 0 .
Consumers' (lead content)©"
do...
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. tons 0 .
Price, common grade, delivered
$ per lb.
184.6
189.8
198.6
198.5
199.2
15.4
109.3
19.4
110.8
31.4
111.9
31.4
119.7
32.1
115.9
30.1
113.8
24.2
10y.6
19.6
115.6
17.5
113.4
18.2
110.
19.4
110.8
M4.0
5 90.2
11.7
91.3
.3070
86.6
. 3365
82.8
.3300
73.8
.3100
64.4
.3100
61.1
.3100
63.8
.3217
63.7
.3406
68.7
.3661
75.4
.3800
86.6
.3800
5 75.0
.4076
74.7
.4363
6,724
48,338
18,503
1,668
C8,000
55,500
3,873
46, 773
17,855
1,865
63,100
47,000
439
4,369
1,485
135
5,200
3,900
635
3,438
1,555
160
5,700
4,200
40
5,413
1,630
155
5,400
4,000
62
3,144
1,215
180
4,600
3,500
355
3,382
1,410
155
5,200
3,700
273
3,861
1,265
150
5.200
3,700
52
3,410
1,S55
718
2,530
1,380
155
4,900
3,700
115
4,581
1,545
150
5,400
4,000
1,477
4,115
1,355
135
5,500
3,900
176
4,951
5,300
4,000
19;
4,518
1,47.5
155
5,400
4,000
do...
do...
$ per lb.
5,462
8,441
1
5.3460
4.693
5,040
6.2958
26S
298
274
508
4,975
5,774
7,260
7,81
6. 0700 6. 3925 6. 7484 7.3918
280
5, 666
7.4502
37S
5,040
6. 9562
286
4,594
6.8423
332
4,254
7.2008
344
5,891
7.4180
thous. tons 0 .
449.6
337.6
26.6
23. 6
23.9
5 23.0
21.5
23.4
28.0
47.0
7.7
15.
Tin:
Imports (for consumption):
Ore (tin content)!
.metric tons.
Metal, unwrought, unalloyedt
do...
Recovery from scrap, total (tin cont.)t
do...
Asmetalf-.
.do...
Consumption, total t
.do
Primaryf
do...
Exports, incl. reexports (metal)f
Stocks, pig (industrial), end of periodf
Price, Straits quality (delivered)*
ZincMine prod., recoverable zinc
Imports (general):
Ores (zinc content).
Metal (slab, blocks)
566
Consumption (recoverable zinc content):
Ores
Scrap, all types
617
405
7,785
8,139
7,846
5. 3962 5. 7027 6.0092
35.2
33.1
22.7
19.9
25.6
24.6
.do...
do...
122.8
576.7
207.2
681.1
17.9
65.1
13.0
78.8
19.0
56.1
6.0
49.9
25.6
47.4
9.2
49.2
25.3
54.0
29.2
53.4
33.6
83.8
5 30.8
5 43.
14.9
42.1
do...
do..
100.8
238.
99.0
237.3
8.8
28.4
9.9
16.4
8.6
15.9
8.8
15.6
8.1
15.6
7.4
15.fi
6.8
16.3
16.3
8.4
15.2
5 7.5
5 14.
7.3
14.2
Slab zinc: §
Production (primary smelter), from domestic
and foreign ores
thous. tons 0 . .
450.1 c 406.1
30.1
32.0
Secondary (redistilled) production
.do....
50.6
38.7
3.4
3.
Consumption, fabricators..
do . 1,103.1 1,127.3
93.0
99.0
Exports.
do
2
.8
(*)
(?)
Stocks, end of period:
Producers', at smelter (ABMS)O
do
65.8
38.4
50.0
40.9
Consumers'
...do....
86.8
94.6
86.4
82.5
Price, Prime Western.
$ per lb.
.3439
.3097
.2900
.2900
2
' Revised.
' Annual data; monthly revisions are not available.
Less than 50 tons.
* See " • " note for this page.
* For month shown.
s See " 0 " note, this page.
c? Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
§ All data (except annual production figures) reflect GSA iemelted zinc and zinc purchased
for direct shipment.
O Revised Dec. 31 stocks for 1970-73 (thous. sh. tons); 124.2; 48.6;
30.1, 25.9. Producers' stocks elsewhere, end of Apr. 1979,10,315 metric tons.
• New series effective with data for Jan. 1976. Source: Metals Week. MW Composite monthly
708
706
139
666
682
137
741
708
148
.5800
8
.4880
6,300
4,600
7.359C
7.4077
18.1
36.1
long tons to meirio ^ m u l t i p l y by factor 1.01605).
0 Beginning with JMI
urn™
units are expressed in metric tons; earlier data are shown m short tons (to convert j>n.
c
tons to metric tons, multiply by factor 0.907185).
C orrected.
S-34
June
SUKVEY OF CURKENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
Apr.
Annual
1979
1978
1978
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES—Continued
MACHINERY AND EQUIPMENT
Heating, combustion, atmosphere equipment, new
orders (domestic), net, qtrly. 9 O
..mil. $_. ' 240.8
i fift n
Electric processing heating equip
...do
Fuel-fired processing heating equip
do
192.5
Material handling equipment (industrial):
Orders (new), index, seas, adj
1967=100.. 232.3
Industrial trucks (electric), shipments:
Hand (motorized).._
.number.. 18,000
Pider-tvpe
do
21,409
Industrial trucks and tractors (internal combustion
engines), shipments
number
43 289
Industrial supplies, machinery and equipment:
New orders index, seas, adjusted
1967-69=100..
Sales index, seas, adjusted
1967=100..
Price index, not seas. adj. (tools, material handling
equip., valves, fittings, abrasives, fasteners,
metal products, etc.)
1967=100..
Machine tools:
Metal cutting type tools:
Orders, new (net), total
mil. $..
Domest'c
do
Shipments, total .
do
Dorrest'c
_
do
Order backlog, end of period _.
. do
Metal forming type tools:
Orders, new (net), total .
do
Domestic
.
do
Shipments, total
do
Domestic . .
do
Order backlog, end of period
do
Tractors used in construction, shipments, qtrly:
Tracklaylng, total
units
mil. $..
Wheel (contractors' off-highway)
.units..
mil.$__
Tractor shovel loaders (integralunits only), wheel
and tracklaying types
.units..
mil. $..
Tractors, wheel, farm, nonfarm (ex. garden and
construction types), ship., qtrly
units..
286.8
75.0
•ICO
1 F\ 8
118.2
36.5
23.3
336.1
334.0
362.1
351.0
318.2
433.5
308.0
353.0
346.2
392.5
396.4
357.4
20,994
25,119
1,539
2,173
2,043
2,241
1,815
2,128
1,297
1,609
1,699
2,190
1,882
2,214
1,986
2,275
1,842
2,191
1,856
2,131
1,847
2,472
1,774
2,326
2,163
2,605
1,994
2,475
51 986
4 312
5 200
A Q79
5 054
4 486
4,100
4,729
4,837
5,142
4,267
3,106
228.3
232.7
251.3
258.0
253.4
266.0
267.6
261.7
263.5
227.5
238.6
225.4
242.2
243.3
253.7
250.6
253.3
247.2
255.5
256.4
263.0
269.1
205.6
206.9
207.8
210.1
212.5
213.8
215.7
217.0
218.5
220.2
352.90 301.15 420.75 360.95
335.95 238. 70 377.25 310.35
188.85 218. 50 177.30 208.05
164. 60 196. 95 158.60 184.70
2,897.9 2,980.6 3, 224.1 3,377.0
'376.55
' 343.95
'248.10
'221.15
' 3505.4
3,839
199.2
231.1
222.8
207.4
236.5
233.6
226.2
233.9
191.4
205.3
201.5
202.3
203.7
267.40
235 30
189 45
175.25
, 215.7
316. 95
280 55
216 05
193. 05
2,315.9
87.45
80.20
66.25
61.20
454.6
75.80
69.60
76.90
68.95
453.5
, 20?. 05 ,373.45 302.20
043 15 273 70
980 70
188 50 178. 70
650 80
469 85 960.10 158. 65
1 793 6 2,980.6 2,137.1
794 85
730 70
629 95
560 35
384.1
78.9
24 4
29.6
65.5
968.55
896.85
824.95
728.50
517.7
76.70
70.80
64.25
55.45
433.4
249.30 274.65
231.20 255 10
137.75 161 70
123.55 142 90
2,427.5 2 540 5
72.25
66.95
70.65
64.40
455.1
253.00 334. 05
234.40 312 00
193.60 195 05
172.40 173 10
2,594.9 2 733 8
81.70
75.35
65.15
57. 55
518.0
100.15
93.95
53 70
49.00
501.5
79.95
74.55
71.75
(5.45
526.3
88.15
81.45
85.55
70.85
528.9
80.25
73.75
91.40
74.40
517.7
19 968 22 058
1,136.3 1,376.9
5,271
5 926
361.0
1,546
4,752
304.3
1,464
105.7
5,560
361.5
42, 763 49,809
1.331.8 1,712.6
13,076
464.9
12,031
13,103
206.4
mil $
173.106
ZZ.
" " " "
zz.
37,911
552 8
47, 931
70fi fi
9 (\PS) 7
".ZZ.
97.60
92.85
67. 25
58.60
548.0
86.95
77.85
72.30
67. 00
562.7
270.8
p 355.00
p 328.85
p 233.30
p 196.85
105.40 v 104.75
99. 00
85.05
79.10
583.1
5,486
377.1
56,310
907.7
41.352
709 8
ELECTRICAL EQUIPMENT
Batteries (auto.-type replacement), ship
thous..
Padio sets, production, total market
thous..
Television sets (incl. combination models), production, total market
thous
Household major appliances (electrical), factory
shipments (domestic and export) 9
thous.
Air conditioners (room)
do__.
Dishwashers.
do
Disposers (food waste)
do...
Banges
do
Refrigerators
do
Freezers.. ._
do
Washers
do
Dryers (incl. gas)
do...
54,601
52,926
56,389
48,036
3,287
3,272
15 432
17,406
30,957
3,270
3,356
2,941
3 011
5 707
1,598
4 933
3,553
33,216 * 3,081
'693
4,037
'307
3 556
280
3,313
9
' 291
3 17
'475
5 890
' 117
1 5?2
' 414
5 038
296
3,621
1,368
3,456
3,883
3,695
2 5,585
3,703
4,328
5,247
4,313 2 4, 831
130
154
286
6,442
5,692
5,818
5,364
4,254
4,068
3,332
3,937
3,246
2 3,610
3,552
2,872
2 3,951
2,114
3,220
1,378 21,642
1,151
1,232
2,506
333
260
256
224
382
3,286
624
334
310
276
2,851
638
275
1,288
2 1, 678
1,225
1,279 »2, 044
1,538
1,345
2 1,666
1,225
3,205
639
330
277
307
536
153
446
288
3,247
591
320
280
296
2,616
307
211
255
249
2,789
111
301
278
294
2,720
101
288
287
274
2,855
130
342
335
298
518
2,554
162
342
293
259
2,225
240
276
231
221
2,479
259
300
271
236
103
463
347
431
81
372
324
346
67
325
375
97
416
306
173
154
247
142
148
228
604
191
435
271
548
163
376
246
586
168
469
327
126
124
217
137
146
230
n f\QA
GAS EQUIPMENT (RESIDENTIAL)
Furnaces, gravity and forced-air, shipments.thous.
1, 508
1,636
Ranges, tctrl, sales
do...
1,746
1,794
Water heaters (storage), automatic, sales
do... p * 3,158 p « 2,921
5,972
118
161
275
127
If8
217
528
115
468
340
2 162
'153
'165
217
256
2 143
154
169
145
139
116
397
291
128
150
252
1,188
158
166
P137
v 144
PETROLEUM, <COAL , AND PRODUCTS
COAL
Anthracite:
475
460
455
360
425
575
535
575
570
680
595
'540
520
Production %
thous. sh. tons.. 6,175 1 6,445
41
50
35
79
179
100
142
116
43
66
62
31
625
19
866
Exports
do
Price, wholesale, chestnut, f.o.b. car at mine
677
47.
677
47
47.
677
47.677
530
47.675
47.
542
47.537
5
47,135
47
498
47
47.192
47.192
46.579
$ per sh. ton.. 46.579
Bituminous:
52,085 46,820 G5 370 63, 325
Production %
thous. sh. tons.. 691,344 653,800 59,530 '68,760 65,565 53,640 64 395 57 775 69, 860 69, 245 59, 630
9
Includes
data
not
shown
separately.
'2 Revised.
v Preliminary. J Annual data; monthly
or
quarterly
revisions
not
avail.
t Monthly revisions back to 1973 are available upon request.
Data coyer 5 weeks; other periods, 4 weeks. 3 For month shown. * Beginning July
GErlective 1976, data reflect additional reporting firms.
1977, data include shipments to mobile home and travel trailer manufacturers
(formerly
5
excluded); they are not directly comparable with those for earlier periods.
Average for
Jan.-Apr. and June-Dec. 6 Reported total; sales for Dec. 1978 not available at this time.
550
70,720
June 1979
S-35
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1978
Annual
1979
1978
Apr.
May
June
July
Sept.
Aug.
Nov.
Oct.
Dec
Jan.
Feb.
Mar.
53,374
41,814
.0,879
5,816
53,835
41,712
11, 602
Apr.
May
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL—Continued
Bituminous—Continued J
Industrial consumption and retail deliveries, !
total 9
thous. sh. tons.. !620,476
Electric power utilities
do
475,671
'137,776
Mfg. and mining industries, total
do
77,387
Coke plants (oven and beehive)
do
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers' end of
period, total
thous. sh. tons..
Electric power utilities
do
Mfg. and mining industries, total
do
Oven-coke plants
do
Retail dealers
.do.
Exports
Price, wholesale t—
618,048
4FO,149
29, 976
71, 093
15,504
14,545
: 0,418
5,501
48, 753
11,132
6,406
1,827
40, 593
10, 758
6,382
7,020
7,914
540
495
475
152,264
130,898
21,146
12,721
141, 608
126,036
15,212
8,162
96,462
85,772
0,555
5,602
10,886
12,239
7,129
21, 588
07,498
13,780
8,237
220
360
135
175
310
37,125
98,472
53,921
42,556
0,839
6,391
52,270
39, 770
11, 723
52,186
39,659
11,676
6,496
56,634
43, 579
12,129
6,729
60,048
47, 016
11,857
525
776
850
925
1,175
520
19, 791 22,607 125,568 43, 564 42,643
07, 443 110,006 12,797 .29,359 .27,118
12,058 12,246 12,407 13,848 15,145
7,272
8,520
" 202
6,604
6,276
41,608
26,036
15, 212
8,162
31,891
17,469
14,057
7,437
.25,091 29,756
112,029 .16,107
12,744 13,374
6,553
7,352
55,42S 57,215
44, 035 45,952
10, 942 10,820
6,530
6,436
450
290
442
357
355
380
360
365
318
275
3,526
444.8
2,691
445.0
4, 592
445.5
35
4,413
35
48
4,605"
3,259
3,094
165
_
...do
.Index, 1967=100..
53, 687
388.6
39, 825
' 429.9
2,594
426.4
4,411
432.4
5,398
434.5
3,531
437.2
3,568
441.9
3,338
442.9
4,911
444.1
5,930
442.4
4,394
442.8
thous. sh. tons..
do
...do
449
355
48,238
26,908
29
3,753
2,137
4,398
2,286
29
4,362
2,220
29
53,060
26,949
4,455
2,252
25
4,379
2,388
29
4,346
30
4,512
2,244
31
4,383
2,314
4,645
2,367
6,444
6,308
136
2,050
3,461
3,323
139
2,214
3,189
3,107
81
2,321
2,993
2,910
83
2,380
2,846
2,731
114
3,008
2,896
112
2,287
99
2,191
3,277
3,178
100
2,185
3,461
3,323
139
2,214
3,479
3,322
157
;,440
1,270
170
2,489
2,954
2,827
127
2,397
3,128
2,848
90
2,376
56
103
74
53
46
125
68
103
78
30
90
1,369
1,209
295.5
472.2
89
1,812
294.3
426.3
83
1,516
302.7
483.2
91
1,619
305.7
461.9
GO
1,406
307.5
475.9
1,294
310.5
470.6
91
1,861
312.2
487.6
90
1,372
316.4
1,463
322.2
451.2
1,503
301.9
470.3
537.4
549.6
563.6
573.5
575.1
579.5
577.9
570.4
603.3
261.9
49.6
268.2
50.3
199.0
60.0
216.3
68.5
5,227
447.8
451.4
COKE
Production:
Beehive t
Oven (byproduct) X
Petroleum coke ?t
Stocks, end of period:
Oven-coke plants, total t
At furnace plants t
At merchant plants
Petroleum coke t
-
Exports
do
do
...do
do
_
do..
1,241
2,188
3,029
105
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
number.
Price, wholesale
Index, 1967=100.
Cross input to crude oil distillation units..mil. bbl__
Refinery operating ratio
% of capacityAll oils, supply, demand, and stocks:
New supply, total cf|
mil. bbl.
Production:
Crude petroleum t
...do.._
Natural-gas plant liquids
...do...
Imports:
Crude and unfinished oils $..
do...
Refined products t
do...
Change in stocks, all oils (decrease,—)J_..do...
Demand, total t
Exports:
Crude petroleum
Refined products
_
Domestic product demand, total 9 t
Gasoline
Kerosene 1
Distillate fuel oil t
Residual fuel oil t
Jet fuel*
_
---
Lubricants t
Asphalt
Liquefied gases t
Stocks, end of period, total
Crude petroleum
Unfinished oils, natural gasoline, etc
Refined products.
Refined petroleum products:
Gasoline (incl. aviation):
Production t
Exports
Stocks, end of period
18,886
274.2
5,468.3
90
17,758
300.1
5,498.0
6,832.8
6,770.9
3,175. 9
591.6
261.2
272.8
48.9
264.7
49.0
271.2
50.1
272.4
50.0
263. 6
48.0
273.8
49.4
2,425. 6 2,283. 7
719.6
789.1
163.5
62.7
173.1
54.6
192.1
47.8
192.8
59.5
197.0
55.7
209.1
202.1
52.6
-34.0
6.5
3.4
7.6
37.1
3,009.3
608.8
200.1
41.9
18.3
10.4
-13.9
587.5
631.6
8.4
6.1
6.5
5.7
7.
6.3
do...
6,816.1
7,001.8
541.5
571.8
560.1
556.8
589.4
do
do...
18.3
70.3
57. 5
74.3
2.8
7.4
3.8
5.9
5.9
6.1
4.3
5.9
5.4
7.1
552.3
7.5
6.8
6,727. 5 6,869. 9
2,633. 5 2,721.0
63.4
64.0
531.4
217.3
3.2
562.1
241.0
3.8
548.1
238.8
2.7
546.5
236.3
3.0
576.9
245.6
3.4
538.0
223.5
5.2
570.7
232.6
5.3
575.3
226. 4
5.3
61'
232.0
7.1
92.8
89.7
30.4
94.4
82.7
30.
85.1
78.5
31.6
77.9
86.2
31.4
86.2
91.1
35.0
79.6
81.4
32.3
95.1
81.6
33.2
107.0
85.5
33.4
128.2
96.0
32.7
5.3
10.4
34.7
5.5
15.2
36.2
5.8
20.8
33.6
5.1
21.1
34.7
5.8
24.1
33.7
5.1
19.
40.1
5.6
21.2
45.7
5.6
13.2
47.5
5.2
7. 5
56. 6
1,277.9 1,174.2 1,177.6 1,185. 2 1,222.3
354. 6 363. 4 367.9
365.0
376. 8
121.5
124.0
123.0
121.0
116.7
732.8
699.0
686.1
700.
784, 5
357.7
119.1
744.5
1,263.1
368.3
115.0
779.8
, 281.4
377. 9
122.0
781.6
226.6
.1
219.1
232.7
(0
211.8
223.4
.1
219.3
223.6
.1
216.1
228.7
0)
223.2
240.7
266.4
271.3
275.1
278.1
' 277.5
282.8
.533
.542
.545
.54'
.554
.564
1.6
1.4
do..
do.
do.
do.
do.
.do.
1,223.3
1,120.9
379.3
1,245.9
1,101.7
386.8
do..
do_.
-do.
-do.
..do.
do.
do.
58.3
156. 0
518.9
62.4
170.1
515.0
do.
do.
do.
1,311.9
347. 7
121.
842.5
2,581. 2 2,630..
.7
240.'
260.7
201.2
0)
251.6
220.1
(0
236.1
217.8
0)
222.2
Prices (excl. aviation):
260.5
253.0
255.5
Wholesale, regular t
Tndex, 2/73 = 100.
253.6
265.0
Retail (regular grade, excl. taxes), .55 cities
.524
.51'
.512
(mid-month)
$ per gal.
.531
.507
Aviation gasoline:
1.1
1.4
14.2
Production
...mil. bbl.
13.9
.1
Exports
do._
2.4
2.5
2.4
2.8
3.0
Stocks, end of period
do.Kerosene:
4.2
3.9
4.0
55.
62.6
Production t
do..
14.8
12.9
13.6
14.3
18.1
Stocks, end of period
do._
Price, wholesale (light distillate) t
390.7
391.4
392. f
287.
Index, 1967=100.
358.5
r
2
Revised.
* Less than 50 thousand barrels.
Reflects revisions not available
by
4
months.
3 Beginning Jan. 1979, price includes taxes formerly excluded.
Effective
Jan. 1978, data for exports of avietion gasoline are no longer reported separately. 9 Includes
data not shown separately. § Includes nortmarketable catalyst coke, cf Includes small
58.8
2
4.1
16.
3.8
16.1
1,138
325.8
1,307
335.6
, 291. 8 , 277. c
381. f> 376. 8
120.8
116.
789. 4 784.5
243.9
0)
286.9
292.5
300.2
314.0
.700
.732
.772
330.9
1.2
2.4
2.6
3.8
15.9
•• 5 8 5 .
1,544
324.4
2.7
2.8
4.
15.8
r
464.8
407.0
433.9
413. 8 421.0
394.4
393.1
395. 8 397.6 • 398. 4 402. .
nts of "other hydrocarbons and hydrogen refinery input," not shown separatelyamount:
onthly revisions back to 1973 for bituminous coal, back to 1977 for coke, back to 19/4 for
petroleum and products and for 1977 for wholesale price indexes will be shown later.
c Corrected.
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1978 v
1979
1978
Apr.
Annual
June 1979
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feo.
Mar.
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 (middle distillate) %
Index, 1967 = 100.
Residual fuel oil-.
ProductionX
mil. bbl.
Imports?
_
do...
Exports
_.do
Stocks, end of period.
_
do...
Price, wholesale X
Index, 1967=100.
1,196.3
91.3
.5
250.3
1,149. 9
62.8
1.2
216.4
88.2
3.0
.2
136.3
99.4
3.7
(2)
145.1
93.2
4.4
(2)
157.5
.1
180. 5
101.6
4.4
.1
200.4
95.2
4.9
.1
220.8
101.9
5.5
.1
233.1
100.6
6.7
.1
233.2
103.5
7.9
(2)
216.4
384.1
398.1
393.3
393.3
393.3
393.2
393.6
394.0
400.1
• 407. 6
417.8
425.5
432.3
452.1
479.4
504.5
640.1
496.1
2.3
90.0
522.5
611.0
491.0
4.6
51.0
37.9
.5
72.4
505.9
47.5
30.4
.1
71.9
509.3
49.4
40.2
.3
75.3
494.5
50.7
39.2
' 497.1
46.6
46.9
.2
66.2
494.6
.8
73.7
480.8
49.4
39.4
.4
81.2
481.5
48.8
34.7
.2
83.4
485.4
50.2
40.5
.2
88.8
• 501. 7
54.4
43.2
.6
90.2
502.2
517.9
520.5
541.9
607.6
642.5
90.2
96.4
4.6
Jet fuel:
Production J__
Stocks, end of period!
mil. bbl.
do...
355.0
34.5
355.2
33.7
29.5
34.6
31.4
38.5
28.8
37.4
28.8
38.0
30.1
35.7
29.7
35.3
29.1
33.1
30.5
32.8
30.8
33.7
Lubricants:
Production
Exports
_
Stocks, end of period.
do...
do
do...
64.5
9.6
12.1
69.5
9.7
12.2
5.7
1.1
12.0
11.9
5.9
.7
5.8
.8
11.3
6.3
.7
11.9
6.1
.9
11.6
6.0
1.0
11.8
6.3
.6
12.1
6.1
.7
12.3
12.2
__.do__.
do...
154.1
18.7
171.7
20.8
12.2
28.6
15.9
29.2
16.4
25.0
17.7
21.8
18.9
16.8
19.1
16.2
18.6
13.7
15.4
16.1
12.3
20.8
Liquefied gases (incl. ethane and ethylene)4
Production, total
...do...
At pas processing plants (L.P.G.)
do...
At refineries (L.R.G.)...
do...
Stocks (at plants and refineries)
do...
571.6
443.0
128.6
136.3
561.0
431. 5
129.5
132.0
47.1
36.7
10.5
121.5
47.7
36.5
11.2
129.4
46.0
34.9
11.0
138.5
46.4
35.6
10.8
147.3
46.3
35.4
10.9
155.1
46.1
34.7
11.4
156.7
46.8
35.8
10.9
152.4
46.8
36.1
10.7
144.2
48.0
36.8
11.3
132.0
Asphalt:
Production
Stocks, end of period
5.7
.9
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks, end of period
thous. cords (128cu. ft.).
do...
do
72,875
73,971
5,761
77,025
77, 290
6,244
6,538
6,776
5,151
6,463
6,751
4,844
6,949
6,884
5,020
6, 203
6,090
5,141
6,349
6,231
5,323
6,251
6,275
5,363
6,894
6,508
5,895
6,429
6,358
5,976
6,288
5,980
6,244
5,949
6,404
5,820
5,766
6,287
5,379
Waste paper:
Consumption.
Stocks, end of period
thous. sh. tons.
do
12,192
728
13,178
740
1,155
744
1,217
745
1,119
753
732
1,136
732
1,020
744
1,144
721
1,071
709
1,004
740
1,078
673
1,029
616
WOODPULP
Production:
Total, all grades 9
thous. sh. tons.
Dissolving and special alpha...
do...
Sulfate
.do...
Sulfite
do...
Groundwood
do
Semichemical
__
do
i49,033
1,401
3 34,005
2,000
4,753
3 3,569
47,075
1,415
3 35,739
1, 758
4,216
3,948
4,101
113
3,150
165
342
330
4,100
136
3, 064
173
387
341
4,109
130
3,085
178
389
325
3,672
114
2,823
129
304
301
3,848
117
2,983
116
302
329
3,878
84
2,960
127
362
345
4,051
118
3,088
120
375
351
3,954
105
3,007
131
370
341
3,628
90
2,745
114
364
316
3,905
98
3,000
104
353
351
3,815
92
2,926
122
347
328
Stocks, end of period:
Total, all mills
Pulp mills
Paper and board mills
Nonpaper mills
do.
do.,
do.
do.
* 1,356
4 684
609
62
4 760
<254
435
70
1,074
613
397
64
1,069
611
395
63
898
426
407
66
1,014
516
432
1,048
545
436
67
993
473
454
66
788
300
423
65
7eo
442
70
254
435
70
845
410
371
64
800
389
347
64
Exports, all grades, total
Dissolving and special alpha
Allother
do..
do..
do..
i 2,640
796
i 1,844
i 2, 599
757
i 1,841
210
46
163
227
71
156
266
80
186
230
69
161
174
54
120
269
73
196
207
60
147
204
52
152
210
47
163
165
41
124
198
58
139
213
60
150
Imports, all grades, total
Dissolving and special alpha
All other.
do.
do.
do.
i 3,864
179
13,686
1 4,025
176
i 3,849
300
8
292
402
16
38G
303
7
296
327
20
307
325
5
320
316
20
297
351
8
343
367
33
333
7
355
331
16
315
347
5
341
384
27
357
4,793
2,075
2,278
6
435
5,233
2,201
2,513
10
509
4,963
2,134
2,374
9
446
5,321
2,332
2,543
9
436
5,198
2,287
2,440
9
463
4,745
2,144
2,172
9
421
5,175
2,316
2,411
9
440
4,936
2,227
2,282
9
418
PAPER AND PAPER PRODUCTS
P aper and board:
Production (Bu. of the Census):
5,463
5,602
5, 242
62,066
All grades, total, unadjusted..-thous. sh. tons.. 61,869
2,444
2,379
2,533
27,491
27,729
Paper.
_
.do.
2,541
2,368
28, 727
2,559
28, 723
Paperboard
do.
10
128
10
109
Wet-machine board
do.
11
484
5,523
499
5,505
Construction paper and board
do
467
Producer price indexes:
Book paper, A grade
1967 = 100.
178.6
176.4
179.4 "i77.~3~ "l78."6"
Paperboard
_
do._.
192.3
187.4
157.0
190.8
188.7
Building paper and board
do...
r
Revised.
P Preliminary.
1
2
Reported annual total; revisions not allocated to the months.
Less than 50 thousand
barrels.
« Beginning with January 1975, data for soda (formerly combined with semichemical) is now combined with sulphate; not comparable with data for earlier periods.
192.3 "197.2 . - 190.2
188.5
186.8
179.4 "I?5 1 ' 186.1 186.3
179.5
182.6
183.4
183.6
185.2
187.6
189. 8 187.0 189.5
193.1
188.7
< Data exclude small amounts of pulp because reporting would disclose the operations of
d
V
tMontWyVisions back to 1974 for imports and back to 1977 for
^ J ^ ^ ^
products are available upon request.
9 Includes data for items not shown separately.
SURVEY OF CURRENT BUSINESS
June 1979
1977
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1978
Annual
S-37
1978
Apr.
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
PULP, PAPER, AND PAPER PRODUCTS—Continued
P A P E R A N D PAPER PRODUCTS—Con.
Selected types of paper (API):
Ground wood paper, uncoated:
Orders, new
thous. sh. t o n s . .
Orders, unfilled, end of period
do
Shipments
do
Coated paper:
Orders, new
do
Orders, unfilled, end of period
do
Shipments
do
Uncoated free sheet papers:
Orders, new
do
Shipments
-do
Unbleached kraft packaging and industrial converting papers:
Orders, new
thous. sh. t o n s . .
Orders, unfilled, end of period
do
Shipments
-do
Tissue paper, production
do
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of period
United States:
Production
_
Shipments from mills
Stocks at mills, end of period...
1,312
134
1,307
1,274
133
' 1,292
111
133
111
124
130
124
132
144
106
72
138
83
84
143
81
124
173
95
100
160
110
140
110
104
133
105
'134
'179
'112
'112
'192
'109
'143
'209
'124
115
210
116
4,279
398
4,261
4,413
391
' 4,447
337
391
359
385
390
394
376
397
370
333
405
326
382
408
381
342
405
353
360
367
590
365
356
379
363
391
333
396
405
'364
346
420
353
'408
'413
'412
387
442
364
6,878
7,170
7,462
' 7,534
658
644
709
661
666
648
572
575
636
659
592
597
598
648
574
568
602
'660
'619
'719
652
660
3,815
4,286
3,894
4,218
345
364
348
388
320
369
301
317
293
301
327
319
360
305
344
292
328
321
'358
320
348
341
'402
330
390
do..
...do..
do.
9,005
282
9,713
9,792
203
834
798
386
843
895
333
807
853
287
838
833
293
823
813
303
759
770
292
855
868
279
782
792
768
834
203
828
779
252
750
725
276
do.
do.
...do.
3,871
3,866
34
3,806
3,818
22
328
323
336
340
34
342
258
255
33
279
284
28
319
316
30
331
337
25
322
323
24
311
312
22
318
318
22
311
309
24
6,772
7,106
620
631
560
558
818
835
604
639
Consumption by publishers d*...
do
Stocks at and in transit to publishers, end of
period
thous. sh. tons..
30
796
728
Im ports
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
.Index, 1967=100..
6,559
7,484
215.4
226.2
Paperboard (American Paper Institute):
Orders, new (weekly avg.)thous. sh. tons..
Orders, unfilled§
...do
Production, total (weekly avg.)
do
558
1,037
557
600
1,370
582
Paper products:
Shipping containers, corrugated and solid fiber
shipments
mil. sq. ft. surf. area.. 227,197
Folding paper boxes, shipments.-thous. sh. tons.. 2,639.0
mil. $.. 2,105.0
566
624
657
636
555
547
829
840
761
728
705
713
680
580
672
648
532
623
613
651
228.2
230.5
230.5
230.5
230.5
230.5
230.5
238.9
241.7
244.7
621
1,482
612
657
1,583
628
630
1,638
619
19, 409
22,863
20,574
' 208.1 ' 254.1
' 180. 5 ' 218.6
206.1
179.4
586
876
747
649
228.2
228.2
622
1,385
598
634
1,546
616
622
1,556
611
560
1,560
542
598
1,600
587
584
1,470
576
605
1,479
597
566
1,412
600
546
1,370
531
618
1,451
593
243,898 ' 19,482 21,772
22,060
17,601
22,301
20,531
22,608
20,354
18,599
20,844
236.3
195.0
230.1
193.1
200.3
167.4
244.7
207.6
231.0
193.3
238.3
202.3
218.1
187.4
2, 734.0
2,278.1
216.2
178.2
228.2
232.4 247.4
195.5 ' 210. 6
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. metric tons.. 780.13
Stocks, end of period
do
»127.65
Imports, incl. latex and guayule.. thous. lg. tons.. 792.41
764.65
125.58
746.23
61.23
115.60
83.44
67.98
122. 76
75.96
61.88
123.39
54.36
51. 68
125.41
47.79
69.13
126.06
71.02
65.55
127.65
77.07
69.47
133.48
54.90
70.89
123. 95
46.05
62.81
125.58
71.51
68.25
121.36
72.84
66.62
115.59
64.22
74.53
116.13
72.80
.496
.439
.450
.490
.494
.520
.544
.543
.581
.558
.544
.570
.615
.thous. metric tons.. 2,417.53 2,473.41
...do
2,464.09 2,436. 40
424.07
...do
426.83
214. 92
197. 47
446.93
211.17
212. 71
411.41
194.36
194.69
433.09
195.95
170.59
456.46
205.67
213. 94
445.08
207.37
211.70
437. 67
212.33
220.29
425.32
212.10
212.14
419.91
219. 09
209.84
424.07
207.94
226.00
407.09
200.81
201.36
399.97
232.08
224.39
393.57
22.28
19.35
20.04
20.77
22.22
23.81
9.88
10.26
13.56
9.53
8.75
13.67
10.79
9.60
15.14
5.00
10.01
15.51
10.40
11.28
14.84
10.15
9.58
15.25
9.91
10.58
14.12
Price, wholesale, smoked sheets (N.Y.)__$ per lb_.
Synthetic rubber:
Production..
Consumption..
Stocks, end of period
Exports (Bu. of Census)
Reclaimed rubber:
Production
Consumption
Stocks, end of period
.416
thous. }g. tons..
239. 98
254. 96
19.48
thous. metric tons..
do
do
' 85.37
111.34
16.26
119. 22
118. 73
14.12
10.05
10.11
13.45
._ .thous.. 2 231,638
9.85
10.28
13.70
27.74
.674
.754
29.43
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)
.do
...do
do
do
do_.
do..
.do
do
do
do
223, 406
18,828
19,148
18,946
15,108
19, 245
19,155
20,497
18,299
18,869
20,352
19,592
21,807
2 226,583
65,998
2155,195
2 5,390
236.885
66,884
165,193
4,563
21,738
6,161
15,224
352
20,597
6,300
13,888
409
22, fi«9
6,121
16,008
440
17,584
4,077
13,265
242
20, 516
4,680
15,464
372
22,214
5,933
15,888
392
22, 727
6,408
15,871
447
18,872
5,911
12,597
365
16,946
5,065
11,486
396
17,227
5,644
11,148
436
16,422
5,451
10,530
442
21,952
6,765
14,771
416
2 47,181
6,023
43,472
5,328
50,006
406
49,276
458
46,293
483
44,280
314
44, 057
462
41,796
414
40,135
520
40,394
483
43,472
541
47,212
560
51,284
437
52,223
648
)
,298
3,015
198
188
143
223
342
274
343
312
218
350
' Revised.
i Beginning Jan. 1977, producers' stocks are included; comparable data for
earlier periods will be shown later.
2 Beginning Jan. 1977, data cover passenger
car and
3
truck and bus tires; motorcycle tires and tires for mobile homes are excluded.
Beginning
Jan. 1977, data no longer available.
cfAs reported by publishers accounting for about 75 percent of total newsprint consumption.
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
O F (JUKIiEJNI
SUK
S-38
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1978
1978
Annual
June 1979
SINE
Apr.
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
35,846
May
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous. bbl.
418,862
451, 739
37, 239
44,904
49,782
43,755
50,340
44, 617
48,468
37, 851
28,952
16,628
18, 713
32,420
9,053.1
76.2
788.8
10.5
82.1
893.6
6.6
95.6
914.6
6.3
807.1
5.4
94.8
911.6
5.1
784.9
6.9
875.4
5.7
94.5
769.2
6.0
72.5
656.4
4.9
50.4
501.5
3.6
' 379.7
'4.6
37.1
689.0
5.6
4.9
5.8
106.4
91.3
5.6
4.6
5.0
5.6
5.4
27.0
24.3
CLAY CONSTRUCTION PRODUCTS
Shipments:}
Brick, unglazed (common and face)
mil. standard brick. 8,300.5
Structural tile, except facing
thous. sh. tons.
45.0
Sewer pipe and fittings, vitrified
do—
Facing tile (hollow), glazed and unglazed
1,106.8
mil. brick equivalent.
Floor and wall tile and accessories, glazed and
61.8
unglazed
mil. sq. ft..
Price index, brick (common), f.o.b. plant or N.Y.
266.2
dock 0___
1967=100..
204.0
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
Sheet (window) glass, shipments
Plate and other flat glass, shipments
941.9
58.3
297.6
234.4
25.0
27.1
230.1
230.6
101.0
5.7
26.2
4.9
21.0
231.9
230.7
820,216
234.1
27.6
25.7
23.7
243.3
244.6
247.9
37.2
3.5
25.2
3.2
4.4
'23.9
28.5
255.3
257.3
253.2
243.2
261.4
thous. $.
do
.do-..
739,919
...thous. gross.
303,452
326,634
28,767
29,150
28, 759
26,930
29,428
26,175
30,031
25, 710
21,443
26,132
26,090
29,264 27,524
do-..
304,785
315,639
26,528
33,988
27, 233
24,514
29,484
27, 674
27,359
25,547
22,823
24,592
23,008
30,986
25,322
do...
do...
do...
.do...
25,069
67,466
92,757
24,352
26,637
60, 528
106,489
25,084
2,234
5,202
8,948
2,132
2,705
6,940
10,569
2,770
2,184
6,010
9,755
1,897
1,758
5,317
9,501
1,573
2,432
5,683
10,519
2,134
3,357
4,914
9,304
2,060
2,242
4,761
9,253
2,390
1,967
4,473
8,512
2,214
1,651
4,071
8,311
1,900
1,987
3,703
8,744
1,805
1,995 ' 2,671
3,356 ' 5,187
8,532 10,361
1,359 ' 2,803
1,859
4,734
9,878
1,786
Wide-mouth containers:
Food (incl. packer's tumblers, Jelly glasses,
and fruit Jars)} O_
thous. gross.
61,330
65,062
5,226
7,194
4,717
4,187
6,018
5, 567
5,967
5,640
4,996
5,681
5,141
• 6, 947
Narrow-neck and Wide-mouth containers:
Medicinal and toilet
do...
Chemlcal, household and industrial
do...
30,091
3,720
27,998
3,841
2,474
312
3,349
461
2,375
1,906
272
2,371
327
2,147
325
2,415
331
2,440
301
1,667
227
2,357
315
2,306
319
' 2,676
'341
2,095
274
.do...
36,912
44,250
45, 739
41,461
43, 398 45,902
43, 947
43,233
46,515
46,371
44,250
45,168
48,643 '45,142
47,747
Production:
Crude gypsum (exc. byproduct)._thous. sh. tons.
Calcined
do...
13,410
12,090
14,402
13,494
1,333
1,195
1,277
1,237
1,208
1,121
1,195
1,164
1,302
1,184
1,212
1,206
1,136
1,091
1,129
1,087
1,121
1,092
1,017
972
Imports, crude gypsum
do...
17,074
7,954
529
767
684
825
1,251
1,129
811
700
658
688
506
453
.do...
i 5,759
5,434
423
458
565
505
568
552
494
462
441
393
286
.do...
1326
36
38
28
33
33
38
37
29
24
do__.
do...
136
312
140
306
10
27
14
29
9
25
10
29
26
11
31
9
25
31
23
9
19
8
18
.mil. sq. ft.
do...
dol..
do.-_
do...
do...
do._.
15,369
165
418
289
11,840
2,425
232
16,412
137
458
234
12,566
2,786
231
1,399
13
42
22
1,070
232
20
1,388
11
40
22
1,058
236
20
1,351
12
40
21
1.037
221
20
1,502
13
43
21
1,147
257
21
1,326
10
36
17
1,014
228
20
1,479
11
43
17
1,136
250
22
1,317
8
35
17
1,001
237
18
1,440
8
36
15
1,097
265
18
1,375
10
36
14
l,0 9 6
260
19
1,297
14
34
14
968
248
19
Glass containers:
Production}
Shipments, domestic, total}
Narrow-neck containers:
Food
Beverage
Beer
Liquor and wine
Stocks, end of period}
210, 640
202,475
263.1
204,549
(*>
GYPSUM AND PRODUCTS
Sales of gypsum products:
Uncalclned..
Calcined:
Industrial plasters
Building piasters:
Regular basecoat
All other (incl. Keene's cement). _
Board products, total
Lath
_
Veneerbase
Gypsum sheathing
Regular gypsum board
T y p e X gypsum board
Predecorated wallboard
_
11
26
1,364
12
36
22
1,049
227
18
TEXTILE PRODUCTS
FABRIC (GRAY)
Knit fabric production off knitting machines (own
use, for sale, on commission), qtrly*
mil. lb. 8 1,688.6
Knitting machines active last working day*, .thous.. «34.3
1,644.5
32.6
Woven fabric (gray goods), weaving mills:
Production, total9
mil. linear y d . . 10,237
2 970
10,147
786
784
Cotton
...do
305
3,962
303
2 368
4,237
Manmade
fiber
do
471
471
2 589
6,070
5,915
860
Stocks, total, end of period 9 d"
do
866
884
986
835
307
307
Cotton
do
340
298
244
547
553
Manmade
fiber
...do
579
640
585
2,580
2,004
2,388 2,522
Orders, unfilled, total, end of period 9 H-.-do
3,029
797
803
821
858
1,230
Cotton
_
do . . .
1,724
1,585
1,759
1,146
1,799
Manmade
fiber
...do
COTTON
Cotton (excluding linters):
Production:
GinningsA
thous. running
3 14,018 * 10,549
Crop estimate
thous. net weight bales (D__ 314,389 * 10,856
483
Consumption
thous. running bales..
6,393
2 575
6,079
Stocks in the United States, total, end of period 9
6,285
8,395
7,391
thous. running bales.. 12,890
11,229
6,281
8,388
7,385
12,883
Domestic cotton, t o t a l . . .
...do
11, 226
765
976
977
1,665
2,316
On farms and in transit
do
4,411
6,375
5,312
7,860
10, 268
Public storage and compresses
...do
1,105
1,037
1,096
1,050
950
Consuming establishments
do
'2 Revised.
p Preliminary.
1 Annual total; revisions 3not allocated to the months.
Data cover 5 weeks; other months, 4 weeks.
Crop for the year 1977.
* Crop for the year 1978.
s Beginning 1st Qtr 1977, data no longer available.
6 Beginning 1st Qtr 1977, data exclude garment lengths, trimming, and collars; not comparable
with earlier data.
(DBales of 480 lbs.
©Includes data for "dairy products."
*New
series.
Source: BuCensus.
Data cover warp and weft knit yard goods and knit garment
lengths, trimmings, and collars; no quarterly data prior to 1974 available.
}Monthly re-
389.2
32.6
403.5
33.9
439.7
34.3
621
234
380
871
294
570
2,811
1,082
1,728
774
298
468
871
300
565
2,772
1,008
1,765
2 964
2 375
2 579
851
294
551
2,752
1,043
1,709
2 1,015
2 392
2 613
876
297
574
2,923
2,908
1,166
1,127
1,758
1,781
'800
752 21,021
307
2 380
292
483
2 630
452
886
865
835
254
244
255
'626
604
585
3,029
2, 938 ' 2,899
1,230
1,259 r 1,262
1,637
1,799
1,679
144
672
1,492
4,667
9,321
459
2 569
482
349
505
858
295
558
2
595
435
2 603
468
839
323
505
856
241
609
2,892
1,279
1,613
* 10,549
* 10,856
'506
576
6,674
5,326 15,130 13,976 12, 932 12,127 11,229 10,066 9,019 '7,940
5,321
15,126 13, 971 12,929 12,124 11,226 10,062 9,016 ' 7,936 6,669
p 496
'806
1,326 1,066
2,316
950
6, 603 4,893
700
1,606
6,033 p 5,080
6,881
7,687
5,312
6,230
7,860
3,803
3,457 3,431
1,049 1,069 ' 1, 097 p 1,093
1,014
1,001
1,050
1,118
1,063 1,030
visions back to 1975 for shipments of clay construction products and for Jan.-Mar. 1975 for
glass containers will be shown later.
9 Includes data not shown separately.
c? Stocks
(owned by weaving mills and billed and held for others) exclude bedsheeting, toweling, and
blanketing, and billed and held stocks of denims.
^Unfilled orders cover wool apparel
(including polyester-wool) finished fabrics; production and stocks exclude figures for such
finished fabrics. Orders also exclude bedsheeting, toweling, and blanketing.
ACumulative
ginnings to end of month indicated.
0Monthly revisions for 1977 will be shown later.
SURVEY
June 1979
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
CURRENT BUSINESS
1978
1978
Apr.
Annual
S-39
May
June
July
Aug.
1979
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
TEXTILE PRODUCTS—Continued
COTTON AND MANUFACTURES—Con.
Cotton (excluding linters)—Continued
Exports
thous. running bales..
Imports _
thous. net-weightQbales__
Price (farm), American uplandfl
cents per lb_.
Price, Strict Low Middling, Grade 41, staple 34
UMe"), average 10 markets
cents per lb._
Spindle activity (cotton system spindles):
Active spindles, last working day, total
mil—
Consuming 100 percent cotton.
do
Spindle hours operated, all fibers, total
_bil_.
Average per working day.
...do
Consuming 100 percent cotton
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.). _.
mil. lin. y d . .
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
Exports, raw cotton equiv. thous. net-weight0bales.
Imports, raw cotton equivalent...
do
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Filament yarn (acetate)
mil. lb__
Staple, incl. tow (rayon)
do
Noncellulosic, except textile glass:
Yarn and monofilaments
do
Staple, incl. t o w . .
.do
Textile glass
fiber.
do
Fiber stocks, producers', end of period:
Filament yarn (acetate)
.do....
Staple, incl. tow (rayon)
do
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
.do.
Staple, incl. tow
do.
Textile glass
fiber
do.
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total 9
mil. lin. y d . .
Filament yarn (100%) fabrics 9
.do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics
.do
Spun yarn (100%) fab., exc. blanketing 9 .do
Rayon and/or acetate fabrics, blends...do
Polyester blends with cotton.
do
Filament and spun yarn fabrics
do
Manmade fiber gray goods, owned by weaving
mills:
Ratio, stocks to unfilled orders, end of period...
Prices, manufacturer to mfr., f.o.b. mill:*
50/50 polyester/carded cotton printcloth, gray,
48", 3.90 yds./lb., 78x54-56
$ per y d . .
65% poly./35%= comb. cot. broadcl., 3.0 oz/sp yd,
45 , 128x72, gray-basis, wh. permpresfin.
$ per y d . .
M anm ade fiber knit fabric prices, f.o.b. mill:*
65% acetate/35% pylon tricot, gray, 32 gauge, 54",
3.2 oz./linear yd
.$ per y d . .
100% textured polyester "DK jacquard, 11 oz./
linear yd., 60", yarn dyed, finished...$ per y d . .
Manmade fiber manufactures:
Exports, manmade fiber equivalent
mil. l b s . .
Yarn, tops, thread, cloth
...do
Cloth, woven
.
do
Manufactured prods., apparel, furnishings.do
Imports, manmade fiber equivalent
...do
Yarn, tops, thread, cloth...
do
Cloth, woven
do
Manufactured prods., apparel, furnishings.do
Apparel, total
-...
...do
Knit apparel
^
do
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apparel class
mil. lb_.
Carpet class
do
Wool imports, clean yield
do
Duty-free (carpet class)
do
Wool prices, raw, shorn, clean basis, delivered to
U.S. mills:&
Domestic—Graded territory, 64's, staple 254"
and u p
._
$ perlb..
Australian, 64's, Type 62, duty-paid
do
W ool broadwoven goods, exc. felts:
Production (qtrly.)
mil. lin. yd—
9
640
0
51.7
(10)
53.7
528
1
54.8
50. 8
54.7
57.6
57.4
16.4
6.4
102.4
.394
41.5
16.6
6.6
8.2
.413
3.4
16.4
6.4
8.2
.408
3.3
16.3
6.3
14.0
13.7
13.9
4.9
4.9
4.8
3.40
460.1
525.2
3.30
457.9
676.2
.35
35.2
68.7
.35
34.5
53.9
282.0
527.0
300.9
534.6
76.3
131.7
76.9
133.8
76.2
139.8
78.2
143.0
'3,658.6
3,653.8
786.7
3.814.3
3, 952.8
' 923. 3
951.5
996.8
229.1
955.5
952.1
233.7
997.4
001.8
235.3
056.2
056.3
229.9
16.7
49.8
15.4
28.7
11.7
46.1
12.6
37.4
15.4
28.7
12.4
27.8
«353.0
299.7
67.9
343.4
335.6
r 98. 6
336.5
347.6
334.3
328.1
89.3
343.4
335.6
••98.6
366.3
314.8
91.3
6,223.6
2,014.1
371.5
356.9
3,583.2
286.2
2,677.1
359.5
6,602.9
2.247.4
406.4
384.4
1,691.4
566."
104.6
100.
946.2
83.3
662.3
97.3
,528.5
511.3
,9
97.6
863.1
79.1
596.3
89.2
, 734.5
614.0
103.4
107,
962.0
84.1
673.7
92.2
3.42
3.22
.405
.492
«.765
4,448
25
52.1
5,875
3
P58.5
6
16.6
6.7
103.6
.398
43.4
4,356
3,986
3 11.7
3 16.1
3 4.7
.901
3
510
57.0
16.3
6.4
6.5
.327
2.7
59.8
388
(10)
283
(10)
355
0
61.1
464
0
58.1
55.9
59.6
P60.0
64.1
16.4
6.3
8.1
.406
3.3
65.6
64.4
16.4
6.3
2 10.0
.399
24.O
16.4
6.4
7.3
.367
2.9
16.3
6.3
2 9.6
.385
2
3.9
22.7
17.7
17.2
16.6
17.0
4.8
5.9
5.2
4.7
5.7
4.3
.35
33.0
60.6
.26
31.4
60.8
.29
35.9
51.3
.28
37.9
52.1
.25
44.8
62.2
.25
50.1
51.1
2 10.0
.402
2 4.1
1,010
3,703.1
331.2
2,593.1
370.2
7
56.5
524
0
56.6
16.3
6.3
7.9
.395
3.2
517
(10)
56.0
577
8
54.2
574
7
52.5
602
20
53.4
58.0
61.5
16.4
6.3
10.1
.400
4.2
60.6
58.7
16.4
6.3
7.9
.394
'3.2
16.4
'6.4
8.3
.416
'3.4
21.1
19.4
19.1
18.9
4.6
4.1
4.0
3.6
.22
50.4
44.1
.21
45.6
54.0
.21
45.4
48.8
.19
56.7
47.5
.21
.21
.20
.19
.17
.19
.18
'.21
.22
.495
.515
.493
.496
.496
.516
.514
.496
.495
.491
.470
.751
.763
.780
.778
.776
.794
.824
32.06
18.62
11.11
13.43
70.41
14.13
8.61
56.28
49.66
29.34
35.38
20.99
12.48
14.39
64.90
12.29
8.51
52.61
47.10
26.89
38.12
23.29
15.12
14.82
58.31
11.79
7.85
46. 52
40.24
22.92
43.68
27.52
16.95
16.16
50.47
10.24
6.86
40.23
34.38
18.53
44.41
27.15
17.93
17.26
41.08
8.68
6.00
32.40
27.49
13.53
42.88
26.82
17.72
16.06
37.54
8.06
4.93
29.49
24.58
12.02
42.86
27.30
17.69
15.56
47.07
10.02
6.88
37.05
31.64
15.64
43.91
27.70
16.39
16.20
36.31
7.23
4.58
29.08
24.71
11.72
53.20
33.37
19.37
19.83
39.06
10.92
0.72
28.13
22.87
11.16
10.3
1.5
3.8
2.0
7.0
.8
4.7
2.3
8.4
1.0
5.4
2.5
2 9.4
1.4
3.4
1.9
8.1
1.2
4.0
1.8
8.1
1.2
4.8
1.5
4.0
2.0
10.1
1.4
4.5
1.9
8.2
1.1
3.4
1.3
8.8
.8
4.2
2.2
1.92
2.36
1.92
2.36
1.92
2.36
1.95
2.36
1.97
2.36
2.02
2.37
2.02
2.37
2.02
2.37
2.02
2.49
2.06
2.65
.458
.456
.467
.472
« 1.657
1.658
1.651
1.655
367,08
206.34
131.35
160.74
531.13
110.11
67.70
421.02
365.24
818. 68
441. 70
267. 28
165. 71
174.42
642.59
147.55
87.76
495.04
425.18
' 242.40
35.57
21. 50
12.77
14.07
53.87
16.11
7.85
37. 76
31.08
18.46
39.06
23.30
13.24
15.77
59.74
13.74
8.05
46.01
40.00
25.09
36.63
20.85
13.82
15.79
67.70
12.36
7.94
55. 34
48.88
30.40
95.5
12.5
53.0
18.8
103.3
13.0
50.4
23.4
8.8
1.1
4.9
2.2
9.2
1.0
4.0
1.5
1.83
2.27
1.90
2.34
1.81
2.32
1.84
2.33
101.6
116.4
2
31.2
6.4
2 3.9
1,017
913
.22
« 1.708
.501
456
(10)
3
27.3
29.
269.8
282.:
.475
.470
45.03
27.30
16.76
17.72
38.47
9.96
6.51
28.51
.--3.72
11.90
2.20
2.73
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other), ship281.3
ments, quarterly
mil. sq. yds.. 1,024.6 1,075.9
APPAREL
Women's, misses', juniors' apparel cuttings:* ©
2,011
18,727
1,439
1,787
Coats.
thous. units.. 18,083
183,702 179,078 16,653 16,161 15,675
Dresses..
do
27,856
36,904
2,502 2,338 2,164
Suits (incl. pant suits, jumpsuits)
do
2,353
23,507
27,893
2,335
2,135
Blouses
thous. dozen
612
5,260
6,414
551
515
Skirts
do—
' Revised.
*> Preliminary.
1 Season average.
* For 5 weeks, other months, 4 weeks.
4
• Monthly average.
Effective Sept. 1976 SURVEY, data omit production and stocks of
saran and spandex yarn.
« Effective 1976, production of blanketing is included6 in 100%
span yarn fabric
(prior
to
1976, in "all other group," not shown separately).
Avg. for
7
Jan.-Oct.
Avg. for Feb.-Jun.
«Avg.
for Jan-Jun.
»Effective Jan. 1, 1978, in10
cludes reexports formerly excluded.
Less than 500 bales.
If Based on 480-lb. bales,
v price reflects sales as of the 15th; restated' price reflects total quantity purchased and dollars
paid for entire month ('price includes discounts and premiums).
9 Includes data not
shown separately.
0 Net-weight (480-lb.) bales.
cf Effective Jan. 1976, specifications for the price formerly designated fine good French
1,434
1,286 ' 1,16'
1,001
1,857
2,242 2,126
1,429
1,565
12,430 15,664 15,493 14,730 14,883 12,501 11,293 ' 12,167 13,606
2,844
' 2,518
2,175
2,795
2,247
1,877
2,418
1,953
1,881
2,710 ' 2,621 2,968
2,433
1,883
2,662 2,452 2,867
1,862
'64r
'567
'532
719
604
433
580
561
475
combing and staple have been changed as shown above. Effective with the May 1976 SURVEY
the foreign wool price is quoted including duty.
*New series. Apparel (BuCensus)—
Annual totals derived from firms accounting for 99% of total output of these items; current
monthly estimates, from smaller sample. Monthly data for 1975, adjusted to annual totals,
are available. Coats exclude all fur, leather, and raincoats. Suits omit garments purchased
separately as coordinates. Except for the year 1974, earlier monthly data are available, except
for suits. Prices (USDL, BLS)—Data not available prior to 1976.
eEffective Apr. 1979
SURVEY, data include 600 additional firms; comparable data back to Jan. 1977 (except for
slacks,
jean
cut,
casual,
shown
on
p.
S-40)
will
appear
later.
»Avg.
for
Jan-Apr.; June-Dec.
b
Avg. for sales prior to Apr. 1,1978.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated in footnotes below, data
through 1974 and descriptive notes are as shown in
the 1975 edition of BUSINESS STATISTICS
1977
1979
1978
1978
Apr.
Annual
June 1979
May
June
July
Oct.
Nov.
Dec.
1,621
1,345
1,516
1,283
3, 777 4,018 3,720
24,569 23, 664 24,589
3,421
24,062
1,267
1,023
9,150
1,050
2,510
20,383
Aug.
Sept.
Jan.
Feb.
Mar.
1,41f>
1,347
' 1,267
•1,298
1,624
1,533
Apr.
May
TEXTILE PRODUCTS—Continued
APPAREL-Con.
Men's apparel cuttings:
SuitsJ
thous. units..
Coats (separate), dress and sportj
do
Trousers (separate), dress and sportt
do
Slacks (jean cut), casual t-thous. doz_.
Shirts, dress, sport, inc. knit outerwear $._.do
Hosiery, shipments
thous. doz. pairs..
* 17,311 23,050
«15,627
16,029
124,674 112,750
14,627
13,500
43,445 42,807
248,144 267,683
1,488
1,365
9,156
1,166
3,502
21,183
1,543
1,575
9,282
1,123
3,634
22,541
1,550
1,478
8,807
1,197
3,853
24,987
1,437
1,501
5,658
739
2,684
22,044
1,403
1,698
461
357
629
2,979 r 3,223 3,705
20,584 22,075 23,928 I 23,407
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly, total
U.S. contract
Government
Prime
Sales (net), receipts, or billings, qtrly, total
U.S. Government
mil. $.
do
do
do
do
Backlog of orders, end of period 9
do
U.S. Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil.$__
Other related operations (conversions, modifications), products, services
mil. $..
Aircraft (complete):
Shipments
Airframe weight
Exports, commercial
38,922
22,682
35,478
33,315
20,704
49,937
26,769
46,602
37,471
21,961
11,632
7,566
10.774
9,331
5,622
10,491
5,024
9,330
9,298
5,364
17,007
8,012
16,414
10,331
5,882
45,309
26,119
19,709
57,775
30,937
27,929
5,857
51,099
28,207
23,600
4,901
57,775
30, 937
27,929
5,857
5,354
49,906
28,537
23,193
5,425
6,917
7,604
7,604
7,233
6,743
5,635
7,913
6,561
7,419
',913
4, 700. 9 6451.8
do
60,170
thous. lb__ 47,647
2,605 «3,589
mil. $..
MOTOR VEHICLES (NEW)
Passeneer cars:
Factory sales (from U.S. plants), total
thous.
Domestic.
do...
Retail sales, total, not seasonally adj
dc...
Domestics A
do...
Imports A.
do...
Total, seas, adjusted at annual rate t
mil.
Domestics A tdo...
ImportsA t
do...
Retail inventories, end of mo., domestics:A
Not seasonally adjusted..
thous.
Seasonally adjustedt
do..I
Inventory-retail sales ratio, domestics A t
Exports (BuCensus), assembled cars
To Canada
Imports (BuCensus), complete units.
From Canada, total._
Registrations©, total new vehicles
Imports, incl. domestically sponsored
434.8
5,113
165
662.2
6,293
275
469.1
4, 959
248
564.1
5,844
379
679.1
6,071
356
573.6
5,490
423
752.0
5,652
504
744.7
6,331
550
691.0
5,633
424
576.7
5,104
484
,112.8
8,985
551
894
3,902
9,165
8,494
11,311
9,312
2,000
869
806
1,043
863
180
12.3
10.2
2.1
919
850
1,159
963
196
12.1
10.0
2.1
589
553
930
762
168
11.0
9.1
1.9
528
492
958
753
205
11.9
9.9
2.0
738
676
828
662
166
10.8
8.9
1.9
660
604
7()9
646
123
11.2
9.4
1.8
727
675
784
645
138
11.0
9.0
2.0
699
644
840
676
164
11.4
9.1
2.2
867
790
1,116
865
251
12.6
9.8
2.7
2 933
828
1,034
884
150
11.1
9.2
1.9
842
784
909
770
139
11.0
9.0
2.0
2 723
821
1,137
950
187
11.8
9.7
2.0
987
7(>4
223
11.1
8.6
2.6
1,053
798
v 266
p 11.2
8.6
v 2.7
1,731
1,784
2.3
1,729
1,780
2.3
2,008
1,877
2.2
1,970
1,818
2.2
1,911
1,721
2.1
1,729
1,694
2.2
1,510
1,655
2.0
1,606
1,678
2.3
1,629
1,737
2.3
1,728
1,777
2.4
1,729
1,780
2.3
1,885
1,819
2.4
1,957
1,851
2.4
1,974
1,846
2.3
1,914
1,780
2.5
2,004
1,848
2.6
thous.. 697. 20 6 695.12
do.
591. 51 o 540.90
2,791.3 '2,881.8
do
849.2 «832.7
do
10,946
do..I. 10, 826
1,946
• 1,977
do
70.48
57.21
310.1
78.1
« 916
•162
69.32
57.92
266.5
73.5
•987
•162
70.63
58. 20
281.4
86.8
3 1,053
M66
45. 83
33.75
236.8
47.6
1,062
•183
36.11
61.60
46.61
212.3
78.3
•887
•185
66.74
50.06
232.8
77.2
•8fi6
•149
58.73
43.19
230.5
80.2
•826
•140
52.03
38.36
244.3
74.3
•949
• 158
49.77
27.62
269.1
71.7
7 754
U32
64.49
42.92
216.2
62.1
«763
5 150
73.17
198.3
41.1
3 1,061
»198
57. C7
223.2
71.5
7 913
7 202
73.33
61.37
311.3
60.0
4 956
•229
319
291
301.4
14.5
16.4
338
309
355
324
272
254
281
266
305
281
36fi
337
330
305
290
266
273
354
326
303. 3
14.2
IB. 7
315. 5
14.3
17.3
297.7
14.1
18.0
314.8
11.3
16.8
261.5
12.6
17.2
308.5
13.5
17.3
309.0
13.8
16.8
301.0
14.9
17.9
312
288
299.5
14.5
19.5
283.3
15.3
20.7
721.1
22.86
702.9
22.74
679.9
24.24
661.0
18.05
641.0
16.58
664.7
22.18
694.2
24.90
732.2
21.73
773.9
21.24
816.1
17.53
96.87
92.12
97.00
85.88
63.80
76.23
83.21
90.77
75.85
•320
•342
3 357
•386
3 396
•335
•305
•314
•361
15,449
375
3,026
17,585
11,230
663
2,846
16,884
11,047
576
2,706
13,896
8,923
493
2,304
17,245
11,665
714
3,170
15.813
10,404
341
1,718
17,953
12,031
494
1,795
17,733
12,424
624
1,993
17,914
12,505
622
1,674
4,702
4,351
10,258
10,008
50,443
44,861
5,843
5,644
16,907
16,907
61,802
55,919
6,893
6,113
14,815
14,815
69,298
64,195
6,697
4,753
6,198
4,351
Q
11,599 13, 5 6
13,
086
11,265
75,461 82,733
70,426 78,197
5,942
5,533
10, 561
8,911
87,200
81, 423
6,465
6.174
9,010
9,010
87,605
82,119
6,733
6,461
8,802
8,302
91,773
86,059
7,030 8,296
7,316
6,827 6,048
6,884
6,619
7,787
6,524 5,667
7,799
12,727 15,236 14,506 14,801
7,799
11,827 14,736 14,506 14,801
96, 255 104, 818 113,049 119,312 119,967
89,944 98,388 107,030 113,802 114,889
1,247
9.5
1,245
9.3
1,239
8.9
1,232
8.8
94.38
75.83
94.38
76.20
94.05
1,231
8.4
94.18
76.50
1,228
8.1
94.45
75.73
1,242
9.3
94.30
75.94
Truck trailers and chassis, complete (excludes de159,297
tachables), shipments
number
98, 687
Vans..
_
do
7,193
Trailer bodies (detachable), sold separately do
20,662
Trailer chassis (detachable), sold separately..do].I!
RAILROAD EQUIPMENT
194,976
128,566
6,468
29,775
Freight cars (new), for domestic use; all railroads
and private car lines (excludes rebuilt cars and
cars for export):
Shipments..
number.. 51,729
67,440
Equipment manufacturers..
do
46,664 62,400
New orders
dol..' i 66,750 125,307
Equipment manufacturers
do"""! 59,5/7 124,862
Unfilled orders, end of period..
do
35,910 96,255
Equipment manufacturers
do"!' 29,490 89,944
Freight cars (revenue), class 1 railroads (AAR):§
Number owned, end of period
thous.
Held for repairs, % of total owned.
Capacity (carrying), total, end of mo. .mil. tons.
Average per car
tons.
1,267
8.9
96.64
75.50
1,225
7.9
93.96
76.68
10,000
Revised.
v Preliminary.
1 Annual total includes revisions not distributed by
months.
2 Production, not factory sales.
» Excludes 2 States.
• Excludes 1 State.
8
Excludes 3 States.
« Beginning 1978, data may not7 be strictly comparable with those for
earlier years because of the revised export schedule.
Excludes 4 States.
JAnnual figures, "Apparel 1975," MA-23A(75)-i. Survey expanded and classification
changed; not comparable with data prior to 1974. See also note "®", p. S-39.
9 Total includes backlog for nonrelated products and services and basic research.
fSeas. adj. data (1971-74) in the Mar. 1976 SURVEY, p. 5, do not reflect end-digit revisions to
irrports and total sales introduced in the Feb. 1977 SURVEY.
ADomestics include U.S.-type cars produced in the United States and Canada and foreign-
560
r 9, 201
r 8,512
11,185
9,109
2,075
Trucks and buses:
3,706
Factory sales (from U.S. plants), total
thous..
3,440
3,415
Domestic
do
3,178
Retail sales, seasonally adjusted:*
Light-duty, up to 14,000 lbs. GVW . . . do
3,145.0 3,547.2
164.5
Medium-duty, 14,001-26,000 lbs. GVW...do
171.5
202.3
Heavy-duty, 26,00] lbs. and over GVW_.do
169.1
Retail inventories, end of period, seasonally ad763.9
justed*
thous..
716.1
Exports (BuCensus), assembled units.
do
202.55 • 248.42
Imports (BuCensus), including separate chassis
and bodies
thous.. 822.43 '1,035.68
Registrations©, new vehicles, excluding buses not
3,963
produced on truck chassis.
thous..
3,509
p
210
436.2
1,239
9.0
94.20
76.04
25.95
76.31
94.04
76.61
1,225
7.9
93.96
2 269
2 350
236.5
15.9
19.2
221.7
13.6
19.3
847.0
25.13
= 268.3
14.7
19.7
921.7
25.80
93.20
70.09
70.42
91.19
7 282
« 275
317
4 310
15,808 16,694
10,321 10,907
800
706
1,633 r 1, 141
20,470
13,804
1,436
1,426
1,222
7.9
93.80
76.76
1,219
8.0
93.58
76.76
1,219
8.0
93.69
76.88
926.8 1,022. 3
21.90
1,222
7.9
94.04
76.97
type cars produced in the U.S.; imports cover all other 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. seas ^ ^ t ^ n t
•New series. Source: Motor Vehicle Manufacturers Assn of the U.S. ( - adjustment
bv BE A). Reporting firms do not represent the entire industry. Motor coaches are not
covered. Sales include imports of U.S. manufacturers only (all other imports are not;covered).
Units refer to complete vehicles and to chassis sold separately Gross yehicle weigltit ]refers
to the weight of the vehicle with full load. Seasonally adjusted monthly data back to 1971
area vailable.
• Excludes leisure-type; not strictly comparable with 1974.
uorrecieu.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
1~7
8, 9
10,11
11-13
Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communication
13-17
17-22
22-24
24,25
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
25, 26
26
27-30
30
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
31-34
34-36
36,37
37
38
38-40
40
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment.
INDIVIDUAL SERIES
Advertising
11,16
Aerospace vehicles
40
Agricultural loans
17
Air carrier operations
24
Air conditioners (room)
34
Aircraft and parts
7,40
Alcohol, denatured and ethyl
26
Alcoholic beverages
11,27
Aluminum
33
Apparel
.'
1,4,8,9,11-16,40
Asphalt
35,36
Automobiles, etc
1,4-6,8,9,11,12,20,23,24,40
Banking
Barley
Battery shipments
Beef and veal
Beverages
Blast furnaces, steel mills
Bonds, issued, prices, sales, yields
Brass and bronze
Brick
Building and construction materials
Building costs
Building permits
Business incorporations (new), failures
Business sales and inventories
Butter
17,18
27
34
28
9,11,22,23,27
5-7
20, 21
33
38
4, 6,
7,11,31,38
10,11
10
7
5
27
28
Cattle and calves
Cement and concrete products
9, 11,38
9
Cereal and bakery products
13
Chain-store sales, firms with 11 or more stores. ..
27
Cheese
Chemicals
4,6,9,14-16,20,23, 25,26
30
Cigarettes and cigars
9,38
Clay products
Coal
4,9,23, 34,35
23,29
Cocoa
23,29
Coffee
35
Coke
34
Combustion, atmosphere, heating equipment
Communication
2, 20,25
Confectionery, sales
29
Construction:
10
Contracts
10,11
Costs
Employment, unemployment, hours, earnings.. 13-16
1
Fixed investment, structures
10,11
Highways and roads
10
Housing starts
11
Materials output indexes
10
New construction put in place
18
Consumer credit
1
Consumer expenditures
4
Consumer goods output, index
8
Consumer Price Index
33
Copper
27
Corn.
8
Cost of living (see Consumer Price Index)
Cotton, raw and manufactures
8,9,22, 38,39
Cottonseed oil
30
Credit, short- and intermediate-term
18
Crops
3,8,27,28.!, 30,38
Crude oil
4,35
Currency in circulation
20
Dairy products
Debits, bank
Debt, U.S. Government
Deflators, GNP
Department stores, sales, inventories
Deposits, bank
Dishwashers
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drugstores, sales
3b
3,8,9,27
17
19
2
12,13
17,20
34
16
27
2,3, 20, 21
12,13
Earnings, weekly and hourly
15,16
Eating and drinking places
12,13
Eggs and poultry
3, 8,9,29
Electric power
4,9,26
Electrical machinery and equipment
5-7,
9,14,15,20,23,24,34
Employee-hours, aggregate, and indexes
15
Employment
13,14
Expenditures, U.S. Government
19
Explosives
26
Exports (see also individual commodities).... 1, 3,22-24
Failures, industrial and commercial
7
Farm income, marketings, and prices
2,3,8,9
Farm wages
16
Fats and oils
9,23,29,30
Federal Government
finance
19
Federal Reserve banks, condition of
17
Federal Reserve member banks
17
Fertilizers
9,25
Fire losses
11
Fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products
1,4,6,8,9,14-16,20,22,23,27-30
Foreclosures, real estate
11
Foreign trade (see also individual commod.)
22-24
Freight cars (equipment)
40
Fruits and vegetables
8,9
Fuel oil
35,36
Fuels
4,8,9, 23,34-36
Furnaces
34
Furniture
5,9,12-15
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross national product, price deflators
Gross private domestic investment
Gypsum and products... ...
4,9,26
1,35
38
26
19
8,9,22,27,28
12,13
1
2
1
9,38
12
Hardware stores
Heating equipment
9,34
Hides and skins
9,30
Highways and roads
10,11
Hogs
28
Home electronic equipment
9
Home Loan banks, outstanding advances
11
Home mortgages
11
Hosiery
40
Hotels and motor-hotels
25
H
averaj
>ekly
15
Housefurnishings
1,4, 5, 8,11,12
Household appliances, radios, and television sets.
4,
8,9, 12,34
Housing starts and permits
10
Imports (see also individual commodities)... 1,3,23,24
Income, personal
2, 3
Income and employment tax receipts
19
Industrial production indexes:
By industry
4, 5
By market grouping
4
Installment credit
13,18
Instruments and related products. . . .
5,6,14,15
Insurance, life
19
Interest and money rates
18
International transactions of the United States . . .
3
Inventories, manufacturers* and trade
5-7,11,12
Inventory-sales ratios
;
5
Iron and steel.
5,9,11, 20, 23,31,32
Labor advertising index, stoppages, turnover
16
Labor force
13
Lamb and mutton
28
Lead
33
Leather and products
4,9,14-16, 30
Life insurance
19
Livestock
3,8,9, 28
Loans, real estate, agricultural, bank (see also
Consumer credit)
11,17,18
Lubricants
35,36
Lumber and products
5,9,11,12,14,15, 20,31
Machine tools
34
Machinery
5-7,9,14,15,20,23,24,34
Mail order houses, sales
12
Manmade fibers and manufactures
9, 39
Manufacturers' sales (or shipments), inventories,
orders
5-7
Manufacturing employment, unemployment, production workers, hours, earnings
14-16
Manufacturing production indexes
4,5
Margarine
29
Meat animals and meats
3,8,9,22, 23,28,29
Medical and personal care
8
Metals
4-7,9,14,15, 20,22,23,31-33
Milk
27
Mining and minerals
2, 4,9,14-16,20
Monetary statistics
19, 20
Money supply
20
Mortgage applications, loans, rates
II, 17-19
Motor carriers
24
Motor vehicles
1,4-6,8,9,11,20,23,40
National defense expenditures
1,19
National income and product
1,2
National parks, visits
25
Newsprint
23,37
New York Stock Exchange, selected data
21,22
Nonferrous metals
5-7,9,20,23,33
Noninstallment credit
18
Oats
Oils and fats
Orders, new and unfilled, manufacturers*
Ordnance
27
9,23,29,30
7
14,15
Paint and paint materials
Paper and products and pulp
9,26
4,6,
9,14-16,20,23,36,37
Parity ratio
8
Passenger cars
1,4-6,8,9,11,12,20,23,24,40
Passports issued
25
Personal consumption expenditures
1
Personal income
2, 3
Personal outlays
2
Petroleum and products
4, 6,
8,9,14,15,20,23,35,36
Pig iron
31, 32
Plant and equipment expenditures
2
Plastics and resin materials
26
Population
13
Pork
28, 29
Poultry and eggs
3,8,9,29
Price deflators, implicit, GNP
2
Prices (see also individual commodities)
8,9
Printing and publishing
4,14-16
Private sector employment, hours, earnings
13-16
Profits, corporate
2,20
Public utilities
2,4,10,20,21, 26
Pulp and pulpwood
36
Purchasing power of the dollar
9
Radio and television
4, 11,34
Railroads
2,16,17,21,24,25,40
Ranges
34
Rayon and acetate
39
Real estate
11,17,19
Receipts, U.S. Government
19
Refrigerators
34
Registrations (new vehicles)
40
Rent (housing)
8
Retail trade
5,7,12-16,18
Rice
28
Rubber and products (incl. plastics)
4,6,
9,14-16,23,37
Saving, personal
2
Savings deposits
17
Securities issued
20
Security markets
20-22
Services
1,8,14-16
Sheep and lambs
28
Shoes and other footwear
9,12,30
Silver
19
Soybean cake and meal and oil
30
Spindle activity, cotton
39
Steel (raw) and steel manufactures
23,31, 32
Steel scrap
31
Stock market customer
financing
20
Stock prices, earnings, sales, etc
21,22
Stone, clay, glass products
5, 6,9,14,15, 20, 38
Sugar
23,29
Sulfur.....
25
Sulfuric acid
25
Superphosphate
25
Tea imports
29
Telephone and telegraph carriers
25
Television and radio
4,11, 34
Textiles and products
4,6,9,14-16,20, 23,38-40
Tin
33
Tires and inner tubes
9,12,13, 37
Tobacco and manufactures
4,6,8,14,15,30
Tractors
34
Trade (retail and wholesale)
5,11,12,14-16
Transit lines, urban
24
Transportation
1,2,8,14-16,20-22,24, 25
Transportation equipment
5-7,14,15, 20,40
Travel
24, 25
Truck trailers
40
Trucks (industrial and other)
34, 40
Unemployment and insurance
13,17
U.S. Government bonds
?£
U.S. Government
finance
19
U.S. International transactions
3
Utilities
2,4,8,10,21,22,26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Veterans' unemployment insurance
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat flour
Wholesale Price Indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc.
34
• 12,13
23,29,30
», V
1«
2 , 3 , 15,16
34
34
28
8,9
••••••
5,7,11, 14-16
36
9,39
33
UNITED
STATES
GOVERNME
WASHINGTON, D.C. 2O4O2
OFFICIAL
BUSINE
@FedFRASER