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JUNE 1980 / VOLUME 60 NUMBER
SURVEY OF CURRENT BUSINESS
CONTENTS
THE BUSINESS SITUATION
1
National Income and Product Tables
10
Capital Expenditures by Business for
Pollution Abatement, 1978, 1979,
and Planned 1980
19
U.S. Department of Commerce
Philip M. Klutznick / Secretary
Courtenay M. Slater / Chief Economist
for the Department of Commerce
Plant and Equipment Expenditures,
The Four Quarters of 1980
23
Bureau of Economic Analysis
U.S. International Transactions,
First Quarter 1980
\
George Jaszi / Director
28
Subject Guide
Allan H. Young / Deputy, Director
68
Carol S. Carson / Editor-in-Chief,
Survey of Current Business
Manuscript Editor: Dannelet A. Grosvenor
Managing Editor: Patti A. Trujillo
Staff Contributors to This Issue: Anthony J. DiLullo,
Douglas R. Fox, Bruce T. Grimm, Eric R. Johnson,
Betsy D. O'Connor, Robert P. Parker, Gary L.
Rutledge, Edward I. Steinberg, John T. Woodward.
SURVEY OF CURRENT BUSINESS. Published monthly by
the Bureau of Economic Analysis of the U.S. Department
of Commerce, Editorial correspondence should be addressed to the Editor-in-Chief, Survey of Current Business, Bureau of Economic Analysis, U.S. Department of
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CURRENT BUSINESS STATISTICS
General
SI
Industry
S22
Footnotes
S37
Subject Index (inside Back Cover)
The Secretary of Commerce has determined that the publication of this periodical is necessary in the transaction of the public business required by law of this Department. Use of funds for
printing this periodical has been approved by the Director of the Office of Management and Budget through September 1, 1980.
U.S. DEPARTMENT OF r o M M P h ' F l > i S i * ' i r F
MICH , Dftr *t
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W. VA., Charleston 25301
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,<u n
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the BUSINESS SITUATION
"N the basis of information available
in mid-June, it is apparent that a
major decline in real GNP occurred in
the second quarter.1 Keal residential
investment dropped more than $9
billion (1972 dollars), and final sales of
motor vehicles to consumers and to
business investors dropped about $14
billion and $6 billion, respectively.2
Personal consumption expenditures
(PCE) other than for motor vehicles
declined about $12 billion. In the case
of motor vehicles, about $5 billion of
the decline in final sales was offset by
changes in inventories. (See the discussion of motor vehicles in a later section
of the "Business Situation.") These
declines, if there were no changes in
other GNP components, would result in
a decline in real GNP of about 9K
percent at an annual rate.
Little is known as yet about the
other components. However, it is likely
that, combined, the other final sales
components registered some increase,
mainly because imports declined
sharply. If it is assumed that investment in inventories of other than motor
vehicles remained at the first-quarter
1. The major source data that shed light on second-quarter
GNP 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 new autos through the first 10 days of June, and
sales of new 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 GNP prices, the Consumer Price Index
for April and the Producer Price Index for April and May.
2. Quarterly estimates of the national income and product
accounts are expressed at seasonally adjusted annual rates,
and quarterly changes in them are differences between these
rates.
level, the second-quarter decline in real
GNP was somewhat smaller. Inventory
investment could easily have been
either more or less than in the first
quarter, because near business cycle
turning points it is particularly difficult
to project. If it was more, it would
probably reflect involuntary inventory
accumulation, and the smaller decline
in real GNP that would result would
not be indicative of greater strength
in the economy.
Labor market indicators.—Changes in
employment and hours, shown in tables
1 and 2, reflect the drop in production
and provide some indication of its
monthly pattern. Employment as measured in the establishment survey declined about 500,000 in April and May
combined, almost offsetting the increases
in the first 3 months of the year.
Average weekly hours peaked at the
turn of the year, and defined steadily
from 35.7 to 35.1 hours in May. The
weakening in both employment and
hours was mainly in the goods-producing and distributive industries. Employment in construction, after reaching
a high in January, fell through April.
In manufacturing, the weakening was
most pronounced in durables, where
employment and hours dropped sharply
in April and May. Within manufacturing, transportation equipment industries and industries supplying materials
for transportation equipment and construction showed large declines. In
trade, hours declined consistently since
the turn of the year. Employment,
however, continued to increase through
February, and the only substantial
decline was in April. Both employment
and hours declined in transportation
and public utilities.
Employment as measured in the
household survey declined about 700,000
CHART 1
Personal Income and Consumption:
Change From Preceding Quarter
Billions $
80
PERSONAL INCOME
Total
60
-20
20
PERSONAL— CONSUMPTION EXPENDITURES
l-ll-Ml- ••_
-20
Constant $
-40
1977
'
1978
!-h
1979
'
1980
Based on Seasonally Adjusted Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
SUEVEY OF CURRENT BUSINESS
in April and May combined. In contrast of the year. The unemployment rate
to establishment-based employment, it jumped in April and May—0.8 percenthad declined also in the earlier months age points each month—to 7.8 percent.
Table 1.—Selected Labor Market Indicators
[Seasonally adjusted]
1979
Dec.
1980: Change from preceding month
Jan.
Mar.
Feb.
1980
May
May
Apr.
Household survey
Civilian labor force (millions) . .
Employment
Unemployment
. _.
Job losers. . _ .
On layoff
Other job losers
Job leavers, reentrants, and new entrants
104.0
97.9
6.1
2.7
.9
1.8
3.4
0.2
1
59.4
-.2
5.9
4.2
5.7
16.0
-0.2
3
0.3
5
.8
.6
.3
.3
.2
0.7
2
.1
.1
.1
0
0
.9
.7
.5
.2
.3
105.1
97.0
8.2
4.3
1.9
2.4
3.9
.1
-.3
-.4
-.1
58.5
.3
.5
.1
.3
-.2
-.1
-.1
.2
.2
.3
0
-.6
.8
1.0
.6
.3
.8
.7
.3
3.0
7.8
6.6
6.6
19.2
63.9
79.5
51.1
58.6
0
-.1
.3
-.4
0
.2
-.1
-.8
-.2
-.2
-.3
-.1
.1
.1
.5
-1.0
.4
.4
0
1.6
64.2
79.9
51.5
57.9
Employment nonfarm payroll (millions)
Goods producing
_
_ __
l
Distributive
_._
Services 2
Government.
.
--
90.2
26.7
25.5
22.4
15.7
.4
.1
.2
.1
0
.2
'.1
.1
.1
0
-.1
0
0
.1
-.3
-.4
-.2
0
.2
-.2
-.2
0
.1
0
90.3
26.0
25.6
22.8
16.0
Average weekly hours, private nonfarm
35.7
0
-.2
-.1
-.1
-.2
35.1
Employment-population ratio... .
*
Unemployment rate (percent):
Total
Adult men
Adult women
- Teenagers
_
-
-
Civilian labor force participation rate (percent):
Total
Adult men
Adult women
..
...
Teenagers .
0
.1
-.1
-.1
0
.3
.3
.1
.2
0
0*
Establishment survey
1. Transportation and public utilities, and wholesale and retail trade.
2. Services, and finance, insurance, and real estate.
Source: Bureau of Labor Statistics.
Table 2.—Nonfarm Employment and Average Weekly Hours: Establishment Survey
June 1980
Reflecting the falloff in construction
activity and in the output of the motor
vehicle and related industries where the
employment of adult men preponderates,
adult men accounted for most of the
increase in unemployment.
Prices.—As measured by the fixedweighted price index, PCE prices increased 3 or 4 percentage points less in
the second quarter than the 14-percent
annual rate increase registered in the
first. The major factor in the deceleration was the price of gasoline and of
fuel oil and coal. Gasoline prices increased only one-third as much as the
82 percent registered in the first quarter,
which had reflected increases in crude
oil prices at the turn of the year. In the
second quarter, price increases by
foreign producers were smaller. Also,
conditions for retail price increases were
less favorable, because mild weather in
the first quarter had led to a carry-over
of fuel oil stocks, consumers held down
gasoline purchases in response to high
and rising gasoline prices, and the decline in economic activity in the second
quarter reduced the industrial demand
for energy. Food prices increased a little
less than the 6 percent registered in the
first quarter. PCE prices other than for
energy and for food also increased less,
partly because of the weakness in consumer demand.
[Seasonally adjusted; employment in thousands]
1979
Dec.
Mining:
Employment ..
Hours
.
..
. -
Construction:
Employment
Hours
.
Manufacturing— Durables:
Employment
....
Manufacturing—Nondurables :
Hours
Transportation and public utilities:
Hours
Wholesale and retail trade:
Employment
Hours
Finance, insurance, and real estate:
Employment
Hours
Services:
Employment
.
.
Government:
Source: Bureau of Labor Statistics.
- --
1980: Change from preceding month
Jan.
Mar.
Feb.
Apr.
May
1980
May
991
43.9
9
.5
9
-.7
2
-.2
5
.3
18
4
1,034
42.8
4,783
37.1
110
.5
-62
9
-131
-.6
-109
.4
10
.3
4,601
36.8
12,615
40.7
-14
.1
54
-.2
2
-.2
257
-.3
-243
-.3
12, 153
39.8
8,266
39.4
23
.1
-52
-.1
-1
-.3
-29
-.1
-32
-.1
8,175
38.9
5,223
39.8
-11
.1
-2
-.4
3
.2
-24
-.2
-2
__ o
5,187
39.3
20,254
32.6
174
-.1
93
-.2
-22
0
-150
-.2
22
-.1
20,371
32.0
5,056
36.4
25
-.2
11
.2
15
.1
0
-.1
24
-.1
5,131
36.3
17,357
32.9
85
-.2
80
0
26
0
30
0
72
-.2
17,650
32.5
15,696
10
62
84
223
-49
16,026
Personal income and its disposition
Personal income increased only $14
billion in the second quarter, after a
$52K billion increase in the first (chart 1).
Changes in both quarters reflected numerous special factors, which are listed
following the personal income total in
table 3. However, adjustment for these
special factors reduces the first-quarter
increase only to $50K billion and raises
the second-quarter increase only to
$17 billion.
Each of the income components
shown in table 3 contributed to the deceleration. Proprietors' income declined
$12 billion, after a decline of $4}£ billion
in the first quarter. The decline in
farm income was larger than in the first
quarter, mainly because there was a
swing to a decline in livestock marketings. Nonfarm proprietors' income was
SURVEY OF CURRENT BUSINESS
June 1980
Table 3.—Personal Income: Change from
Preceding Quarter
Table 5.—Personal Tax and Nontax Payments; Change from Preceding Quarter
[Billions of dollars; based on seasonally adjusted annual rates]
[Billions of dollars, based on seasonally adjusted annual rates]
Wage and salary disbursements
Manufacturing
Other commodity -producing
Distributive
- Services
Government and government enterprises _
Proprietors' income
1979
1980
1979
IV
I
32.4
33.2
2.5
6.4
3.1
8.4
9.0
8.9
3.3
7.6
9.8
-4.8
—1.2
-.5
5.6
5.6
3.6
3.4
1.6 -4.7
2.6
.3
Nonf arm .
-7.3
-4.8
5.7
8.4
5.4
17.8
Other income
Less: Personal contributions for social
18.8
18.2
.
Less* Federal pay raise
Minimum wage
Energy allowance
Accidental damage
Less: Social security
change
California refund
Personal tax and nontax payments.
Federal
Impact of legislation
Withheld
Nonwithheld less refunds...
Other
4.2 -4.5 -12.2
.
Personal income
IV
II*
1.8
3.6
-.3
58.4
52.4
14.2
3.5
.2
2.0
1.6
—.3
-1.6
-.3
j. ..
base
Personal income, adjusted
54.9
2.5
-.7
.7
50.7
16.8
*Projected.
down, reflecting the drop in construction activity and the weakness in retail
trade. Despite a step-up in government
unemployment insurance benefits, the
second-quarter increase in transfer payments was less than the first-quarter increase, which had included a $1.6 billion
special energy allowance for recipients
of Supplemental Security Income.
The largest deceleration was in wage
and salary disbursements, which increased only $2% billion after an increase of $33 billion in the first quarter.
Table 4 provides industrial detail on a
monthly basis that reflects the pattern
I
II
15.3
-1.9
3.5
13.4
-2.4
2.4
-.6
-12.1
—1.5
—.5
-.1
-.4
-11.7
-.4
-1.1
14.0
9.6
3.8
1.9
.5
1.1
-.1
—1.7
-.1
2.1
2.2
1.2
State and local
Impact of legislation
1980
Other
of the second-quarter contraction in
production. It is similar to the pattern
of employment and hours shown in
table 2. The main difference is due to
the fact that wage and salary disbursements are influenced not only by
employment and hours but also by
average earnings. As can be seen from
table 4, declines in construction payrolls occurred in March and April. In
manufacturing, they occurred in April
and May, and in trade, in April.
Personal tax and nontax payments
increased $3% billion in the second
quarter, after a decline of $2 billion in
the first. The first-quarter decline had
been due to the impact of legislative
changes—$12 billion in Federal income
taxes, mainly due to unusually large
refunds, and $1K billion in State and
local taxes. The impact of legislative
changes was much less in the second
quarter; nevertheless, the increase in
personal taxes was quite limited because
the increase in incomes was small.
Disposable personal income—personal income less personal taxes—
increased $10% billion, and personal
outlays declined about $8K billion. As
a result, personal saving increased
substantially. The personal saving rate
may have increased as much as 1
percentage point from the 3.7 percent
registered in the first quarter.
Real disposable income showed a huge
drop in the second quarter, following 6
quarters of virtually no change (chart 1).
This drop was probably the major factor
in the sharp decline in real PCE, which
is discussed immediately below, although at least four other factors contributed to it. First, plant closings and
layoffs led to mounting concern over
job security and future income losses.
Second, credit-financed spending was
HHHBHBBMIHHHH
CHART 2
Personal Consumption Expenditures
Billion 1972 $
1,000
TOTAL
Quarterly
900Monthly
ami i . I i i I . i I < . I i , I i
t
Ii . I. ! I ,i I.
500I
Services
400
Nondurable goods
Table 4.—Wage and Salary Disbursements
[Billions of dollars: seasonally adjusted at annual rates]
1979
Dec.
Wage and salary disbursements
300
1980: Change from preceding month
Jan.
Mar.
Feb.
Apr.
May
1980
May
1,282.9
10.1
11.2
9.7
-6.7
-1.1
1,306.1
453.1
3.3
4.5
1.6
-5.5
-3.4
453.7
77.4
341.5
34.2
.1
2.8
.4
1.1
3.3
.2
-1.1
2.1
.6
-1.7
-4.0
.2
-.2
-3.7
.5
342.0
314.5
3.3
2.4
2.1
-2.8
0
319.4
Trade
Other
215.2
99.3
3.1
.2
1.8
.6
1.6
.5
-2.4
-.5
0
0
219.3
100.1
Services
274.4
1.7
3.3
5.1
.6
Commodity-producing
Construction
Manufacturing
Other
>
_.
Distributive
Government and government enterprises
240.9
1.8
.9
.9
1.0
.7
1.5
200
75.6
Durable goods
36.0
285.9
247.2
100
*Projected
I
_L
J_
_L
1978
1979
1980
Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Bureau of Economic Analysis
June 1980
SUEVEY OF CURRENT BUSINESS
curtailed, reflecting several developments. Interest rates reached levels
consumers increasingly considered prohibitive or that bumped into some
jurisdictions' usury ceilings. The actions
taken by the Federal Reserve in midMarch to restrain consumer credit appear to have reduced credit extensions
substantially—and perhaps more than
intended, partly because of confusion
and misunderstanding and partly because of their use as a reason for denying consumer credit. Concern over the
advisability of further expansion of
borrowing had been growing, reflecting
heavy debt repayment burdens. Third,
financial markets had displayed considerable instability, and there were
losses in the value of financial assets,
and, finally, there was a slowing in the
monetization of capital gains on existing residences.
Real PCE.—Real PCE declined more
than 10 percent at an annual rate, after
a fractional increase in the first quarter.
PCE on motor vehicles plummeted,
and accounted for more than one-half
of the decline. In the first quarter, they
had accounted for the increase. Most
of the nonvehicle goods components
were down in the second quarter—even
more than in the first. The increase in
services was held down by the decline
from the first quarter's unusually high
level of fees paid to security and
commodity brokers.
The monthly decline in PCE is
shown in chart 2. The steepness of the
decline was largely due to motor
vehicles. However, both with and
without them, the peak was in January, the sharpest drop occurred in
April, and there was some leveling out
in May.
Residential investment
Real residential investment declined
at about twice the 26-percent annual
rate registered in the first quarter. In
the second quarter, it was about 75
percent of the level in the fourth
quarter of 1979 and about 70 percent
of the level in the fourth quarter of
1978, when it had reached its recent
peak.
Among the major types of residential
investment, construction of single-fam-
ily units declined substantially more
than in the first quarter, and construction of multifamUy units declined for
the first time since the first quarter of
1979. Residential investment as measured in GNP includes not only the
value of new construction, but also
additions and alterations, mobile home
purchases, and brokers' commissions
on the sale of residences. Reflecting the
drop in the sales of both new and
existing residences, these commissions
declined sharply in the second quarter,
as they had in the first.
Adverse financial conditions, which
were the major factor in this year's
plunge, began to subside in April. The
prime interest rate, the bellwether of
short-term interest rates, dropped from
20 percent in April to 14 percent in
CHART 3
Selected Interest Rates
Percent
i i i i i I i i t i i I i i i i i I i i t i i I i i l i i I i i 1 1 i 1 1 i I f i I l i i I 1 I i I i I 1 1 I I 1 I I
18
MORTGAGES FOR NEW HOUSES
16
14
12
10
1976
1977
* A t the end of the month
U.S. Department of Commerce, Bureau of Economic Analysis
1978
1979
1980
Data: FRB, FHLBB
SURVEY OF CURRENT BUSINESS
June 1980
CHART 4
Housing Starts
Millions of units
2.51
Total
2.0
1.5
1.0
1976
ii t
1977
1978
1979
1980
Seasonally Adjusted at Annual Rates
tut
Data: Census
U.S. Department of Commerce, Bureau of Economic Analysis
May, and in June was back to the
11%-percent level registered in mid1979, prior to the escalation of interest
rates (chart 3). Mortgage interest rates
have begun to follow suit. The interest
rate on commitments on 25-year mortgages with a loan-to-price ratio of 75
percent fell 86 basis points in May from
its peak of over 16 percent in April. A
second-quarter decline in yields at
Federal National Mortgage Association
auctions suggests that mortgage rates
are likely to fall further.
However, a quick turnaround in
residential investment is not in prospect.
Housing starts continued to plunge in
the second quarter: Single-family starts
in May, at 616,000 (seasonally adjusted
annual rate), were 23 percent below the
first-quarter level, and multifamily
starts, at 304,000 were 34 percent lower
(chart 4). Because there are several
decision lags—decisions to seek loans
at the reduced interest rates, builders'
decisions to take out permits, and their
decisions to begin construction—housing starts are unlikely to recover
promptly, and even if they did, they
would be fully reflected in residential
investment only with a further lag.
Motor Vehicles in the Second
Quarter
The plunge in motor vehicles, which
was the major factor in the secondquarter decline in real GNP, is quantified in table 6. Output and final sales
of both autos and trucks were down
sharply. In autos, output was down
less than final sales, and the change in
inventories
increased—inventories,
which had been run off in the first
quarter, changed little in the second.
In trucks, the decline in sales was
matched by that in output. For both
autos and trucks, output has been
declining since the first quarter of
1979. In the second quarter of this
year, auto output was 37 percent below
that peak, and truck output was 55
percent below it.
In terms of units, new car production
was 6.0 million (seasonally adjusted
annual rate) in April and 5.2 million in
May. Assuming that June production
was close to that scheduled by manufacturers at the beginning of the
month, second-quarter
production
totaled about 5.7 million, 20 percent
less than that in the first quarter.
Closings of plants that produced small
cars as well as of plants that produced
intermediate and full-size cars spread
as manufacturers tried to prevent an
inventory buildup as the end of the
1980 production run approached. Indefinite layoffs of autoworkers reached
238,000 in the first week of June—more
that at any time during the 1974-75
recession.
Table 6.—Motor Vehicle Output
[Billions of 1972 dollars]
Change from preceding quarter
Seasonally adjusted at annual rates
III
IV
I
49.6
36.6
13.0
-10.4
-5.2
-5.2
-8.7
-5.4
-3.3
-1.1
-.4
-.7
-2.8
-.6
-2.1
-14.5
-9.9
-4.6
69.2
51.2
17.9
49.6
36.5
13.2
-10.6
-6.4
-4.2
.5
.6
-.1
-3.6
-2.9
-.7
-.9
2.2
-3.1
-19.6
-14.8
-4.8
47.2
41.2
6.0
48.4
43.4
5.0
34.2
30.6
3.5
-6.5
-4.6
1.9
-.2
-.3
.1
-.9
-1.0
.1
1.2
2.2
-1.0
-14.2
-12.8
-1.4
25.7
10.8
14.9
22.2
8.4
13.8
21.4
9.3
12.1
15.6
6.9
8.7
-4.1
-1.8
-2.2
1.3
1.5
-.1
-3.5
-2.3
-1.1
-.9
.8
-1.7
-5.7
-2.3
-3.4
.5
-.5
1.0
0
-1.0
1.0
.7
-.6
1.3
-.5
-1.4
.9
-.2
-1.1
1.0
0
0
0
-.6
-.6
0
.7
.4
.3
-1.2
-.8
-.4
.4
.3
.1
3.5
1.8
2.0
-5.7
-4.4
-1.3
-5.1
-4.8
-.3
0
.1
-.1
2.4
2.4
0
-1.8
-2.8
1.0
5.1
4.9
.2
II
III
IV
I
II*
87.1
58.1
29.0
76.7
52.9
23.8
68.0
47.5
20.5
66.9
47.1
19.8
64.1
46.5
17.6
83.8
57.8
26.0
73.2
51.3
21.8
73.7
52.0
21.7
70.1
49.1
21.0
Personal consumption
expenditures -- Autos
Trucks
- -—
54.8
47.1
7.7
48.3
42.5
5.8
48.1
42.2
5.8
Producers' d u r a b l e
equipment
Autos
Trucks
28.4
11.2
17.3
24.4
9.3
15.0
Other
Autos
Trucks
.6
-.5
1.0
3.4
.4
3.0
Final sales
Autos.
Trucks
Change in business inventories
Autos
Trucks
II*
II
I
Output
— —
Autos
Trucks
1980
1979
1980
1979
-3.3
-2.0
-1.3
.2
1.2
-1.0
-9.2
-6.0
-3.2
*Projected. Based on unit production in April and May and scheduled production for June, unit sales of autos through
the first 10 days of June and of trucks for April and May, and unit inventories for April and May.
NOTE.—Auto output includes dealers' margins on their used car transactions. These margins are paid by consumers and
are the excess of the net purchases of used cars in personal consumption expenditures over the net sales of used cars in producers
durable equipment.
SUEVEY OF CUKEENT BUSINESS
6
Total new car sales, which are sales record 2.8 million in the first quarter.
to consumers, business, and other final The pervasiveness of the decline conusers, were 8.3 million (seasonally ad- trasts with earlier ones, which were
justed annual rate) in April and 7.4 concentrated in sales of intermediate
million in May—down from 10.7 million and full-size cars.
in the first quarter (chart 5). Domestic
The depth and pervasiveness of the
sales averaged 5.7 million for the 2 second-quarter decline in sales can be
months, almost 30 percent less than in attributed largely to the decline in real
the first quarter. Sales of all size cate- disposable income and the concern over
gories were down: Small cars, to 2.8 job security and income losses that cut
million from a record 4.0 million in the into consumer spending in general. As
first quarter, intermediate cars, to 1.5 is typical, spending for autos—which
from 2.2 million, and full-size cars, to are discretionary purchases—was hit
1.2 from 1.8 million. Sales of imports especially hard. Difficulties in financingwere down also, to 2.2 million from a new cars also had a significant impact
CHART 5
Retail Sales of New Passenger Cars
Million units
13
TOTAL
12
11
10
i
i
i
i
SALES BY DOMESTIC StZE CATEGORY AND IMPORTS
June 1980
on sales. Some consumers were deterred
by record-high interest rates on auto
installment loans. Even though interest
rates turned around, they remained
above usury ceilings in some States. As
a result, the availability of credit was
held down. Credit extensions were cut
back—severely by banks and credit
unions, and moderately even by finance
companies (which include automakers'
subsidiaries). High and rising gasoline
prices may have been a factor, but their
impact, as in earlier quarters, was
largely to shift sales toward more fuelefficient cars.
Because domestic production was cut
back, inventories were trimmed slightly
in April and May despite the sharp
decline in sales. At the end of May,
domestic new car inventories were about
1,330,000 (seasonally adjusted), their
lowest level in almost a decade. Nevertheless, the overall inventory-sales ratio
rose to 3.0 in May, well above the 2.0
generally preferred by dealers. Moreover, the ratio for many models exceeded that level.
Production of new trucks also
dropped sharply in April and May. Assuming that June production is close to
that scheduled, second-quarter production will be at least 30 percent less
than in the first quarter. This decline
would be in line with that of sales.
Sales of domestic new trucks averaged
1.7 million (seasonally adjusted annual
rate) in April and May, down from 2.4
million in the first quarter. Sales of
both light and "other" trucks fell
sharply (see accompanying tabulation).
[Millions of units, seasonally adjusted at annual rates]
Domestic new truck
sales
Total
1979: 1
II
Ill
IV
...
1980' I
Average Apr.-May__
J_
t
(
i
j_
i
1978
i
1979
i
.
Light Other
trucks trucks
3.56
2.80
2.98
2.76
3.10
2.40
2.62
2.42
0.46
.40
.36
.34
2.36
1.75
2.05
1.51
.31
.24
I _L
I I I
1980
Seasonally Adjusted at Annual Rates
First-Quarter Corporate
Profits
Note.-The components may not add to the total because each category was separately adjusted for seasonal variation.
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
Corporate profits from current
production—profits with inventory valuation and capital consumption adjust-
June 1980
SURVEY OF CURRENT BUSINESS
ments—declined $1% billion in the first
quarter of 1980 to $175 billion. The
estimate is $3 billion higher than the
one published a month ago. Last
month's estimate had assumed the imposition of the 10 cents-per-gallon
gasoline conservation fee, which held
down profits somewhat less than $2 billion; since then the authority to impose
the fee was retroactively revoked. In
addition, rest-of-the-world profits were
revised up $1# billion.
Profits from the rest of the world—
measured as the net inflow of branch
profits and dividends—increased $2%
billion in the first quarter, following a
decline of equal size in the fourth. Overseas petroleum operations of U.S. corporations accounted for a substantial
portion of the increase.
Domestic profits of nonfinancial corporations declined $3K billion to $126 billion in the first quarter, following a decline of $3 billion in the fourth. These
profits can be viewed as the product of
the real gross domestic product of nonfinancial corporations and profits per
unit of real product. If unit costs increase more than unit prices, unit profits
will decline, and unless real corporate
product increases enough to offset the
decline, total profits will decline. From
a peak in the fourth quarter of 1978,
unit profits have declined steadily, in
part reflecting an increase in unit nonlabor costs. During the same period,
real product increased, but not enough
to offset the decline in unit profits. As
a result, total profits have also declined
steadily from a peak in the fourth
quarter of 1978 (chart 6).
In the first quarter, a large decline in
trade profits more than offset an increase in manufacturing profits (table 7).
A substantial part of the decline in
trade profits is probably traceable to
the practice of many trade corporations
of setting their sales prices by marking
up unit costs that are based on historical acquisition costs. When there is
inflation, replacement costs will exceed
historical costs. These differences give
rise to inventory profits for many firms,
which in the National Income and
Product Accounts (NIPA's) are deducted from book profits to derive
profits from current production. Inven-
motor vehicles, transportation equipment (such as ships, aircraft, and railroad equipment), and farm machinery
(included in nonelectrical machinery),
as well as profits of rubber manufacturers. The lower profits reflected lower
production. As measured by the Federal Reserve Board Index of Industrial
CHART 6 Production, production of rubber manufacturers declined by 6K percent at an
Domestic Nonfinancial Corporate
annual rate, farm equipment producBusiness: Profits; Real Product; and
tion declined 11 percent, and transporPrice, Costs, and Profits per Unit of
tation equipment (including motor veReal Product
hicles) production declined 14% percent.
Billion $ (Ratio scale)
Motor vehicle manufacturers' losses
200
PROFITS BEFORE TAX WITH IVA AND CCAdj
also reflected the costs of rebate and
(Annual rate)
incentive
programs designed primarily
150
to encourage purchases of less fuelefficient models. Profits of petroleum
100
manufacturers increased sharply despite
the imposition of the windfall profits
80
tax on domestic crude oil production;
most
of this tax falls on these corpora60
tions
because they also produce most
50
of the crude petroleum. Chemical and
Billions of 1972 $ (Ratio scale)
food manufacturers' profits also ini.ooor_ REAL PRODUCT
creased in the first quarter, following
(Annual rate)
800
declines in the fourth; food manufacturers benefited from declines in crude
snnl . I . I ... I ... I ... I ... I ... I ..
food prices.
Dollars (Ratio scale)
Profits in transportation declined.
2.0 PRICE, COSTS, AND PROFITS PER UNIT OF REAL PRODUCT
An increase in railroad profits, due to
good weather and strong shipments,
1.5
was more than offset by lower profits
for other forms of transportation, due
1.0
to higher fuel costs. Losses registered
by
airlines reflected both fuel costs and
.8
sharply declining revenue passenger
Labor Cost
miles. Further, the opening of new
routes made possible by deregulation
resulted in high start-up costs and
created excess capacity on routes that
Nonlabor Costs**
had previously been served by airlines
providing sufficient capacity. In addition, administrative delays in obtaining
approval for fare increases and competi.2
Profits Before Tax
tive pressures limited the airlines'
With IVA and CCAdj.
ability to pass through higher costs to
passengers.
Domestic profits of financial corporations declined one-half billion dollars,
following a $1 billion increase in the
fourth quarter. An increase in the earn.07
1974
75
76
77
78
79
80
ings of Federal Reserve banks, which
Seasonally Adjusted
are classified as corporations for purposes of the NIPA's, partially offset a
NOTE.—Price per unit is current dollar product divided by constant dollar (real)
product. Costs and profits per unit are respective components of current dollar
decline in the profits of other financial
product divided by constant dollar product.
U.S. Department of Commerce. Bureau of Economic Analysis
80-6-6 corporations. The increase in Federal
tory profits in trade increased sharply
in the first quarter.
A substantial increase in manufacturing profits occurred despite declines
in the profits of the manufacturers of
SURVEY OF CURRENT BUSINESS
8
Reserve banks' earnings resulted primarily from increases in the average
interest rates on their holdings of
Federal debt instruments. The decline
in other financial corporations' profits
reflected narrowing interest rate spreads
as well as some disintermediation at
thrift institutions.
Table 7.-—Domestic Nonfinancial Corporate Profits with Inventory Valuation Adjustment
and Without Capital Consumption Adjustment
[Billions of dollars]
Seasonally adjusted at annual rates
1980
1979
I
II
III
IV
I
129.3
125.9
-2.0
-1.6
-3.0
-3.4
84.0
54.8
6.4
6.6
28.3
13.5
93.0
65.5
8.3
8.9
32.6
15.7
-3.5
1.3
1.9
-1.0
3.1
-2.9
-4.2
4.4
.2
-.9
2.3
2.9
-2.4
1.0
-1.4
-.5
6.5
-3.6
9.0
10.7
1.9
2.3
4.3
2.2
32.6
4.0
4.8
7.9
5.1
—.5
-.5
11.7
29.2
1.9
4.7
6.9
4.6
-.4
-.5
12.0
27.4
4.4
5.3
5.7
4.6
-2.8
-1.2
11.4
-4.8
.4
.4
-.6
-.3
-4.0
.2
-.9
-8.6
-.2
-.6
.3
-.1
-7.9
-.3
.2
-3.4
-2.1
-.1
-1.0
-.5
.1
0
.3
-1.8
2.5
.6
-1.2
0
-2.4
-.7
-.6
22.4
26.5
27.1
16.5
3.8
4.1
.6
-10.6
21.7
4.8
7.1
9.8
18.5
4.8
6.4
7.3
18.0
4.8
7.3
5.8
17.4
4.7
6.9
5.8
18.0
3.8
7.5
6.7
-'.7
-2.4
-.5
.1
.9
-1.5
-.6
-.1
-.4
0
.6
-.9
.6
.9
15.1
16.1
17.8
19.4
19.0
1.0
1.7
1.7
-.4
III
IV
135.9
133.9
132.3
94.1
48.2
5.7
9.0
16.4
17.1
90.6
49.4
7.6
8.0
19.5
14.2
86.4
53.8
7.8
7.1
21.8
17.1
46.0
3.8
5.0
8.2
5.5
11.4
-.4
12.4
41.2
4.2
5.4
7.6
5.2
7.4
-.2
11.5
Wholesale and retail trade
18.6
Transportation, communication, and electric,
gas, and sanitary services
Transportation. .
__
__
Communication
_
Electric, gas, and sanitary services. _ _ _ _ _
Other
Nonfinancial...
_
Durable goods
Primary metal industries
Fabricated metal products
_
M achinery , except electrical
Electric and electronic eQuipment
Motor vehicles and equipment
Transportation eq.uipm.ent
Other.
_
_
1980
1979
I
II
M anuf acturing
Nondurable goods
Food and kindred products
Chemicals and allied products _
Petroleum and coal products
Other
Change from preceding quarter
-3.2
Table 8.—Relation of Net Exports of Goods and Services in the National Income and
Product Accounts (NIPA's) to Balance of Goods and Services in the Balance of Payments Accounts (BPA's)
[Billions of dollars, seasonally adjusted at annual rates]
19 79
Line
1980
I'
n*
III'
PVr
I'
1 Exports of goods and services BPA's
2 Less: Reinvested earnings
of incorporated affiliates of U. S. direct investors 1.
3
Gold BPA's 2
4
Statistical differences 3 _
_
_ _ _ _ _ _ _ _
5
Other items ._
6 Equals: Exports of goods and services, NIPA's
262.7
15.7
3.6
4.5
4.4
238.5
271.1
17.8
4.6
4.6
4
.4
243.7
299.1
21.4
5.2
4.8
4.4
267.3
313.2
18.8
7.0
6.5
4.4
280.4
341 3
22.2
4.0
6.5
4.4
308.1
7
g
9
251.7
11.1
271.5
11.0
289 1
11.0
314.2
11.3
344 1
12.2
2.6
1.8
2.5
4.0
2.5
2.9
4.3
2.7
1.9
4.0
4.8
2.2
3.9
7.4
2.2
.4
234.4
.9
251.9
.4
269.5
.5
292.4
3.3
321.7
10.9
13 1
2.4
2.0
.4
11.1
4.0
—.4
13 8
2.9
1.6
.4
11.0
-8.1
10.0
17 1
2.9
2.9
.4
11.0
-2.3
-1.0
14.8
2.7
4.3
.4
11.3
-11.9
-2.8
18.3
0
4.4
.4
12.2
-13.6
10
11
12
13
14
Imports of goods and services BPA's
±
Less: Payments of income on U.S. Government liabilities 5 _
Reinvested earnings of incorporated affiliates of foreign direct investors *
_
Gold BPA's 2
Statistical differences 3
Other items
Plus: Gold, NIPA's 2
_
Equals* Imports of goods and services NIPA's
15
16
17
18
19
20
21
Balance of goods and services BPA's (1-7)
Less* Reinvested earnings of incorporated affiliates (2-9)
Gold (3-10+13)
Statistical differences (4-11)
Other items (5-12)
_
Plus: Payments of income on U.S. Government liabilities (8)
Equals' Net exports of goods and services, NIPA's (6-14)
1
Revised.
1. This item, recently included in the BPA's, has not yet
been incorporated in the NIPA's.
2. Beginning with estimates for 1976, the treatment of net
exports of gold in the NIPA's differs from that in the B PA's.
BPA gold exports (line 3) and imports (line 10) are removed
from the NIPA's. Imports of gold in the NIPA's (line 13)
is the excess of the value of gold in domestic final sales plus
the change in business inventories over the value of U.S.
production of gold. For further explanation of the NIPA
treatment, see the July 1979 SURVEY OF CURRENT BUSINESS,
pp. 4-7.
3. Consists of statistical revisions in the BPA's that have
not yet been incorporated in the NIPA's.
o
o
o
o
o
4. Consists of arms shipments to Israel financed under the
Emergency Security Act of 1973 and subsequent legislation.
In the NIPA's, these arms shipments are classified as military grants, which are included in the defense purchases
component of GNP when they are acquired by the U.S.
Government. Their transfer abroad is not reflected in the
NIPA's.
5. Represents interest paid by government to foreigners.
This item is treated as an import of services in the BPA's. In
the NIPA's, it is excluded from government purchases and,
thus, also from imports. For further explanation, see Part I
of the January 1976 SURVEY, p. 7.
June 1980
Before-tax profits increased $17K
billion, following an increase of one-half
billion dollars in the fourth quarter.
These profits exclude the two valuation
adjustments, which are designed to
value inventories and fixed capital used
up in production at replacement costs,
the valuation concept underlying national income and product accounting,
rather than at historical cost, the
concept generally underlying business
accounting.3 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 NIPA's by
an amount that is called inventory
profits. Inventory profits increased $16K
billion in the first quarter, following an
increase of $2X billion in the fourth. If,
as in the first quarter, fixed capital used
up as measured by business is less than
that measured by the NIPA's, business
profits exceed NIPA profits by an
amount that is equal to the underdepreciation of the fixed capital stock.
The profits attributable to underdepreciation of the fixed capital stock
increased $2 billion in the first quarter,
following an increase of $2K billion in
the fourth.
Corporate profits taxes, which are
levied on profits including inventory
profits and profits attributable to underdepreciation of the fixed capital stock,
increased $6% billion, following an increase of $2 billion in the fourth quarter.
Dividends increased $2}_ billion, following an increase of $1% billion in the
fourth quarter. Undistributed profits increased $9 billion, following a decline
of $3 billion.
*
*
*
Special reconciliation table: net exports and balance of goods and
services
The reconciliation of net exports of
goods and services in the national income and product accounts (NIPA's)
3. The capital consumption adjustment also places the
using up in production of fixed capital on a consistent basis
with respect to service lives (85 percent of Internal Revenue
Service Bulletin F for equipment and nonresidential structures) and depreciation formulas (straight-line).
June 1980
SURVEY OF CURRENT BUSINESS
9
and the balance of goods and services Table 9.—Revisions in Selected Component Series of the NIPA's, First Quarter of 1980
in the balance of payments accounts
Seasonally adjusted at annual Percent change from precedrates
ing quarter at annual rates
(BPA's) is shown in table 8. The newly
revised BPA series, which appear on
45-day
75-day Revision 45-day
75-day Revision
estimate estimate
estimate estimate
pp. 32-65, are reflected in this table.
One of the changes incorporated in the
Billions of current dollars
new BPA series is the introduction of
2,516.1 2,520.8
4.7
0.8
10.0
10.8
a technique of seasonal adjustment of GNP
Personal consumption expenditures
1, 628. 7
1, 629. 5
.8
.2
13.0
12.8
merchandise exports and imports conNonresidentialfixedinvestment _ .
273.3
272.6
-.7
-1.2
12.8
11.6
-.1
110.4
Residential investment
110.5
-1K3
-.5
-18.8
sistent with that used in the NIPA's.
Change in business inventories
.1
4.7
4.6
.4
-14.0
-13.6
Net exports
_
(See p. 66 for an explanation of this
-.2
517.4
517.2
Government purchases
13.4
13.5
-.1
186.2
186.2
0
Federal
-~ — 18.7
18.7
0
change.) As a result, the "seasonal ad331.2
-.2
331.0
State and local
_.— „...,
10.7
10.5
-.2
justment discrepancy" lines previously
4.0
National income
.-., ,„--- ,
„
. 2,031.4 2,035.4
9.4
8.5
.9
shown in the reconciliation table have
1,555.2
.6
Compensation of employees
„.
.
1,554.6
.2
11.6
11.4
Corporate profits with inventory valuation and capital
been deleted.
3.2
175.0
consumption adjustments
171.8
-10.1
7.0
-3.1
First-quarter NIP A revisions
The 75-day revisions of the national
income and product account estimates
for the first quarter of 1980 are shown
in table 9.
Other
. , _»
Personal income
--
,
, ..
-
-
305.0
305.2
.2
5.8
6.0
.2
2,057.2
2,057.4
.2
10.8
10.9
.1
Billions of constant (1972)
dollars
GNP
Personal consumption expenditures
Nonresidential fixed investment
Residential investment
Change in "business inventories
Net exports
Government purchases
- . _
Federal _. 1
_
State and local
1,442.6
1,444.7
2.1
.6
1.2
.6
936.0
152.1
52.0
-1.9
24.3
280.0
104.3
175.7
936.5
151.2
51.7
.3
25.0
280.0
104.3
175.7
.5
-.9
-.3
2.2
.7
0
0
0
.3
4.3
-24.7
.5
1.7
-26.2
.2
-2.6
-1.5
4.2
13.0
-.5
4.2
13.1
-.7
0
.1
-.2
9.3
10.9
9.6
9.5
10.9
9.6
.2
0
0
Index numbers, 1972=100 1
GNP implicit price deflator,. _„
GNP fixed-weighted price index. _
GNP chain price index
,
_
174. 42
179.0
174. 48
179.0
.06
0
1. Not at annual rates.
NOTE.—For the first quarter of 1980, the
following revised or additional major source
data became available: For personal consumption expenditures, revised retail sales for March,
consumer share of new car purchases for
March, and consumption of electricity for
February; for nonresidential fixed investment,
revised manufacturers' shipments of equipment for March, revised construction put in
place for March, business share of new car
purchases 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
321-149 0 - 8 0 - 2
inventories, revised book values for manufacturing and trade for March; for net exports
of goods and services, revised merchandise
trade and 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, domestic
book profits for the quarter, revised dividends
from abroad and branch profits (net) for the
quarter; and for GNP prices, revised residential housing and nonresidential building prices
for the quarter.
SURVEY OF CUEEENT BUSINESS
10
June 1980
NATIONAL INCOME AND PRODUCT TABLES
1978
1978
1979
1979
I
IV
II
1980
III
IV
I'
1978
1978
1979
I
IV
1979
Seasonally adjusted at annual rates
II
1980
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)
2, 127. 6 2,368 8 2,235 2 2,292.1 2,329 8 2,396 5 2,456 9 2,520 8 1,399 2 1,431 6 1 426 6 1 436 6 1 422 3 1 433 3 1 440 31 444 7
Gross national product
1,350 8 1,509 8 1,415 4 1,454 2 1,475 9 1,528 6 1,580.4 1 629 5
Personal consumption expenditures
Durable goods..
Nondurable goods
Services
<
Gross private domestic investment
900 8
924 5
920 3
921 8
915 0
925 9
935 4
936 5
200.3
530.6
619.8
213.0
596.9
699.8
212.1
558.1
645.1
213.8
571.1
669.3
208.7
581.2
686.0
213.4
604.7
710.6
216.2
630.7
733.5
220.2
652 0
757.3
146.7
343.3
410.8
147.1
349.1
428.3
152. 1
351 9
416.3
150.2
348 1
423.5
144.8
344 1
426.1
146.9
349 2
429.9
146 7
355 1
433 6
145 4
354 1
437 0
351.5
387.2
370.5
373.8
395.4
392.3
387.2
387.7
214.3
215.2
217.4
217.2
221.7
214 2
207 7
203.2
329.1
369.0
349.8
354.6
361.9
377.8
381.7
383.0
200.2
205.5
205.5
204 9
203.5
207.1
206 3
202.9
Nonresidential
Structures
Producers' durable equipment
221.1
76.5
144.6
254.9
92.6
162.2
236.1
84.4
151.8
243.4
84.9
158.5
249.1
90.5
158.6
261.8
95.0
166.7
265.2
100.2
165.1
272.6
103.3
169.4
140.1
43.9
96.2
148.8
48.1
100.7
145.5
46.5
98 9
147.2
45.8
101 3
146.9
47.9
99.0
150 7
48.7
101 9
150 5
50.1
100 4
151.2
50.3
100.9
Residential
Nonfarm structures.
» _
Farm structures
Producers' durable equipment. .
108.0
104.4
114.1
110.2
113.7
110.0
111 2
107.8
112.9
109.1
116.0
112.0
116.4
112.1
110.4
105. 9
60.1
57.7
56.7
54.3
60 0
57.6
57 7
55.6
56 7
54.4
56 5
54.0
55 8
53.2
51.7
49.1
22.3
21.3
18.2
16.5
20.6
19.3
19.1
18.8
33.4
32.6
14.5
12.6
5.6
2.1
3.5
4.7
4.4
.3
14.1
13.7
9.7
8.9
.9
12.0
11.5
12.3
12.1
18.1
17.7
7.1
6.1
1.0
1.4
—.4
1.8
.3
.2
.2
Fixed investment
Change in business inventories
Nonfarm
Farm.
1.8
1.9
-
1.1
Net exports of goods and services
Exports
Imports
Government purchases of goods and services
Federal
National defense
Nondefense
State and local
1.9
2.0
1.7
1.9
1.9
1.3
1.5
1.9
.3
1.8
2.0
.8
2.0
2.0
1.9
2.3
2.1
—10.3
—4 6
—4 5
4.0
-8.1
2.3
207.2
217.5
257.5
262.1
224.9
229.4
238.5
234.4
243.7
251.9
267.3
269.5
280.4
292.4
435.6
476.4
453.8
460.1
466.6
477.8
152.6
99.0
53.6
283.0
166.6
108.3
58.4
309.8
159.0
101.2
57.8
294.8
163.6
103.4
60.2
296.5
161.7
106.0
55.7
304.9
162.9
109.0
53.9
314.9
2.3
2.2
1.0
1.4
.3
.9
1.4
1.0
1.4
.5
.8
1.4
.2
.9
1.4
.4
1.0
1.4
1.1
1.5
1.1
1.5
-13.6
11.0
17.6
12.9
17.0
13.2
20.1
20 1
25.0
308.1
321.7
108.9
97.9
119.9
102.3
113.8
101.0
117.0
100.0
116.0
102.9
122.2
102.1
124.3
104.1
131.7
106.7
501.2
517.2
273.2
274.3
276.0
274.7
272.4
273.1
277.1
280.0
178.4
114.6
63.8
322.8
186.2
119.6
66.6
331.0
98.6
99.4
99.3
101.1
98.1
97.4
101.1
104.3
174.6
174.9
176.6
173.6
174.3
175.6
176.0
175.7
-11.9
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
2,127.6 2,368.8 2,235.2 2,292.1 2,329.8 2,3%. 5 2,456.9 2,520.8 1,399.2 1,431.6 1,426.6 1,430.6 1,422.3 1,433.3 1,440.31,444.7
Gross national product.
2,105.2 2,350.6 2,214.5 2,272.9 2,296.4 2,381.9 2,451.4 2,516.1 1,385.1 1,421.9 1,414.6 1,418.4 1,404.1 1,426.2 1,439.0 1, 444.4
.3
18.1
1.4
7.1
4.7
14.1
12.3
22.3
9.7
12.0
18.2
33.4
14.5
5.6
20.6
19.1
Final sales
Change in business inventories.
659.7
930.0 1,030.5
983.8 1,011.8 1,018.1 1,036.0 1,056.3 1,086.2
639.5
653.1
657.3
647.3
651.3
655.1
907.7 1,012.4
22.3
18.2
963.2
20.6
992.7
19.1
984.6 1,021.5 1,050.7 1,081.5
4.7
14.5
5.6
33.4
625.4
14.1
643.4
9.7
645.3
12.0
646.3
12.3
629.1
18.1
644.2
7.1
653.7
1.4
Durable goods
Final sales
_
Change in business inventories.
380.4
366.5
13.9
423.1
410.2
13.0
402.3
388.9
13.4
425.5
407.1
18.4
422.4
398.0
24.3
424.4
417.1
7.3
420.2
418.4
1.8
421.5
430.8
-9.3
270.0
261.4
8.6
278.3
271.3
7.0
279.1
270.6
8.5
286.0
275.2
10.8
278.3
265.1
13.2
276.6
272.9
3.7
272.4
272.0
.4
271.0
274.6
-3.6
Nondurable goods
Final sales
__
Change in business inventories.
549.6
541.2
8.4
607.4
602.2
5.2
581.6
574.3
7.2
586.2
585.5
.7
595.7
586.6
9.1
611.6
604.4
7.2
636.1
632.3
3.8
664.8
650.7
14.0
369.4
364.0
5.5
374.8
372.1
2.7
378.2
374.7
3.5
372.6
371.2
1.4
369.0
364.1
4.9
374.7
371.3
3.4
382.7
381.7
1.0
383.7
384.8
3.9
969.3 1,085.1 1,005.3 1,041.4 1,064.2 1,100.6 1,134.0 1,169.5
265.1
228.2 253.2 246.0 238.9 247.5
266.6
259.8
630.3
129.5
649.7
128.8
636.0
133.3
645.2
126.8
647.3
127.7
652.0
130.0
654.4
130.8
658.1
126.9
Goods..
Final sales
Change in business inventories.
Services...,
Structures..
Table 3.—-Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
2, 127. 6 2,368 8 2,235 2 2,292 1 2,329.8 2, 396. 5 2, 456. 9 2 520.8 1, 399. 2 1,431.6 1, 426. 6 1,430.6 1,422.3 1,433.3 1,440.3 1,444.7
Gross national product
2, 107. 0 2,343.5 2,213.9 2, 267. 9 2,306.1 2,369.5 2,430.6 2, 492. 0 1,391.1 1,423.8 1,418.4 1,421.7 1,414.2 1,425.3 1,433.8 1,438.7
Gross domestic product
Business
Nonfarm.
Nonfarm less housing
Housing
_
Farm
Statistical discrepancy
Residual *
Households and institutions
GovftrniTfi fint
Federal
State and local .
.
. .
Rest of the world
r
1 807.8 2, 017. 9 1 904.9 1 951.4 1 984.5 2, 042. 0 2 093.6 2, 147. 5 1, 197. 5 1, 228. 3 1, 223. 9 1, 226. 9 1, 219. 0 1, 229. 3 1, 237. 9 1, 242. 0
1, 745. 0 1,944.0 1, 837. 5 1,880.8 1, 915. 2 1, 964. 8 2, 015. 2 2,068.9 1, 160. 0 1, 191. 2 1, 188. 0 1, 193. 1 1, 184. 7 1, 189. 4 1,197.8 1,199.8
1 579 2 1 755 6 1 664.7 1 702 3 1 731.0 1 773.4 1 815 8 1, 862. 9 1 039.6 1,063.8 1, 065. 8 1,068.6 1, 058. 2 1, 061. 0 1,067.4 1,067.5
130.3 132.3
128.4
126.5
206.1
122.3
124.5
127.4
184.2
120.4
165.8
172.9
178.6
191.4
199.4
188.4
35.9
34.9
35.9
70 6
67.6
35.1
33.2
33.4
34.2
70 2
34.8
59 5
63 3
71 1
70 0
68 9
5
11.0
37
33
41
13
72
83
.4
6.3
4.3
5.0
.8
2.7
2.2
34
46.2
45.7
45.4
44.7
44.4
83.3
44.1
69.6
77.2
45.0
72.1
43.6
75.8
77.9
80.4
74.8
229.6
71.8
157.8
248.4
77.0
171.4
237.0
74.8
162.2
241.8
75.5
166.3
245.8
75.8
170.0
249.6
76.3
173.3
256 6
80.6
175.9
261.3
81.2
180.1
149.9
49.1
100.8
150.5
49.1
101.3
150.4
49.3
101.1
150.4
49.2
101.2
150.5
49.1
101.4
150.6
49.2
101.5
150.3
49.0
101.2
150.5
49.2
101.4
20.5
25.3
21.2
24.2
23.7
26.9
26.4
28.8
8.1
7.9
8.1
8.9
8.1
8.0
6.5
6.0
6/80
Revised. See footnotes on p. 11.
HISTORICAL STATISTICS
The national income and product series for 1929-72 are in The
National Income and Product Accounts of the United States, 1929-74'
Statistical Tables (available for $4.95, SN 003-010-00052-9, from
Commerce Department District Offices or the Superintendent of
Documents; see address inside fron cover). Data for 1973, 1974,
1975, and 1975-78 are in the July 1976, 1977, 1978, and 1979
issues of the SURVEY, respectively. Summary national income and
product series in current and constant dollars and implicit price
deflators for 1947-79 are shown in the January 1980 issue of
the SURVEY.
SURVEY OF CURRENT BUSINESS
June 1980
1979
1978
1978
1979
I
IV
II
11
1980
III
I'
IV
1978
1979
Seasonally adjusted at annual rates
Net national product
216.9
243.0
224.6
229.9
239.0
247.9
255.1
263.3
172.0
187.1
176.5
180.1
186.4
189.3
192.6
196.1
-48.0
-49.7 -52.5
Plus: Subsidies less current
surplus of government
enterprises
-58.6 -62.5 -67.3
189.5
182.1
184.8
186.9
191.1
195.1
201.4
9.2
3.3
10.2
3.7
9.5
4.1
9.6
.6
9.9
-1.3
10.4
8.3
10.8
7.2
11.3
11.0
4.2
2.3
5.1
1.8
2.6
3.2
1.7
1.6
Rest of the world
National income
20.5
25.3
21.2
24.2
23.7
26.9
26.4
28.8
_ 1,724.3 1,924.8 1,820.0 1,869.0 1,897.9 1,941.9 1,990.4 2,035.4
1,703 8 1,899.5 1,798.8 1,844.9 1,874.3 1,915.0 1,964.0 2,006.6
Business
1,404 6 1,573.9 1,489.8 1,528.3 1,552.7 1,587.5 1,627.0 1,662.0
Nonfarm. .
1, 361. 3 1,522.3 1,441.9 1,476.7 1,500.9 1,538.2 1,573.4 1,615.0
Farm.
43.3 51.6
47.1
51.8
47.9
51.6
49.3 53.7
Households and institutions.
69.6
77.2
80.4
72.1
74.8
75.8
83.3
77.9
Government .
_
229.6 248.4 237.0 241.8 245.8 249.6 256.6 261.3
Rest of the world
20.5
25.3
Equals: National income ------ 1,724.3 1,924.8 1,820.0 1,869.0 1,897.9 1,941.9 1,990.4 2,035.4
Plus: Government transfer
payments to persons. - 214.9
Personal interest income _________________163.3
Net interest ...... ____ 109.5
Interest paid by government to persons
and business ________ 49.8
Less: Interest received
by government _____ 30.7
Interest paid by consumers to business..
34.8
Dividends.. ....... .....
47.2
Business transfer payments......._________
9.2
I'
1,890.1 2, 100. 6 1,989.4 2,038.1 2,067.2 2,121.6 2,175.5 2,228.7
Domestic income
178.1
Less: Corporate profits with
inventory valuation
and capital consumption adjustments ______167.7
Net interest ____________109.5
Contributions for social
164.1
insurance _____________
Wage accruals less disbursements ___________ .2
IV
Business
_ 1,590.9 1,774.9 1,680.4 1,721.5 1,745.6 1,794.1 1,838.5 1, 884. 1
Nonfarm
_ 1,534.8 1,718.0 1,629.0 1,667.3 1,693.1 1,733.9 1,777.6 1,823.5
Farm.
43.8
53.8 51.9
53.2
47.3 53.6
53.7
49.6
Statistical discrepancy
3.3
3.7
4.1
.6 -1.3
8.3
7.2
11.0
Households and institutions75.8
69.6
77.2
72.1
74.8
80.4
77.9
83.3
Government
229.6 248.4 237.0 241.8 245.8 249.6 256.6 261.3
Equals: Net National product. 1,910.7 2,125.9 2,010.6 2,062.2 2,090.8 2,148.5 2,201.9 2,257.5
Less: Indirect business tax
and nontax liability—
Business transfer payments
Statistical discrepancy--
III
1,910.7 2,125.9 2,010.6 2,062.2 2,090.8 2,148.5 2,201.9 2,257.5
Net domesitic product
-55.8
II
Table 6.—Net National Product and National Income by Sector in
Current and Constant Dollars (1.11, 1.12)
2,127.6 2,368.8 2,235.2 2,292.1 2,329.8 2,396.5 2,456.9 2,520.8
-44.9
I
Billions of dollars
Table 4.—Relation of Gross National Product, Net National
Product, National Income, and Personal Income (1.9)
Less: Capital
consumption
allowances with
capital consumption adjustment
Capital consumption
allowances without
capital consumption adjustment
Less: Capital consumption adjustment
IV
1980
Seasonally adjusted at annual rates
Billions of dollars
Gross national product
1979
1978
21.2
24.2
23.7
26.9
26.4
28.8
Billions of 1972 dollars
Net national product
178.2
129.7
184.8
117.6
178.9
122.6
176.6
125.6
180.8
131.5
176.4
139.2
175.0
148.1
189.8
170.0
184.6
187.7
191.1
195.9
203.8
-.2
.4
.1
-.9
-.1
.2
— 2
241.9
222.3
227.7
233.7
250.4
255.6
263.6
192.1
129.7
174.3
117.6
181.0
122.6
187.6
125.6
194.4
131.5
205.5
139.2
217.2
148.1
Rest of the world
59.0
52.1
55.0
58.3
59.9
62.9
66.4
Domestic income
36.3
32.4
34.3
35.4
37.3
38.1
39.6
39.6
52.7
37.1
49.7
37.7
51.5
39.0
52.3
40.2
52.8
41.5
54.4
42.3
56.7
10.2
9.5
9.6
9.9
10.4
10.8
11.3
Net domestic product
1,266.7 1,294.9 1,292.9 1,296.1 1,286.0 1,295.6 1,301.7 1,304.4
1,259.5 1,287.0 1,284.8 1,287.2 1,278.0 1,287.6 1,295.3 1,298.4
Business
1,065.0 1,091.5 1,090.3 1,092.4 1,082.8 1,091.6 1,099.3 1, 101. 7
Nonfarm
1,036.7 1,063.8 1,063.7 1,067.9 1,057.8 1,061.0 1,068.5 1,068.9
Farm. l
26.5
26.5
24.9
24.0
24.1 25.7
25.5
25.6
3.4
Residual
.4
6.3
2.2
2.7
-.8
5.0
4.3
Households and institutions46.2
43.6
45.4
45.7
45.0
44.1 44.4
44.7
Government.
149.9 150.5 150.4 150.4 150.5 150.6 150.3 150.5
National income
Business
Nonfarm ..
Farm. _
Households and institutions.
Government .
Rest of the world
8.1
7.9
8.1
8.9
8.1
8.0
6.5
6.0
1,124.4 1,150.2 1,148.5 1,153.2 1,145.8 1,148.2 1,153.7 1,154.2
1,116.2 1,142.4 1,140.4 1,144.4 1,137.7 1,140.2 1,147.3 1,148.2
922.7
896.0
26.7
43.6
149.9
946.9
919.4
27.5
45.0
150.5
945.9
920.1
25.8
44.1
150.4
949.5
923.6
25.9
44.4
150.4
942.5
914.7
27.8
44.7
150.5
944.2
916.7
27.5
45.4
150.6
951.3
922.7
28.7
45.7
150.3
951.5
922.7
28.8
46.2
150.5
8.1
7.9
8.1
8.9
8.1
8.0
6.5
6.0
Equals: Personal income ...... 1,717.4 1,924.2 1,803.1 1,852.6 1,892.5 1,946.6 2,005.0 2,057.4
T
Table 5.—Relation of Gross National Product, Net National
Product, and National Income in Constant Dollars (1.10)
[Billions of 1972 dollars]
Gross national product
Less: Capital consumption
allowances with capital consumption adjustment
-
1,399.2 1,431.6 1,426.6 1,430.6 1,422.3 1,433.3 1,440.3 1,444.7
132.5
136.8
133.6
134.5
136.3
137.7
138.6
140.3
Equals: Net national product. 1,266.7 1,294.9 1,292.9 1,296.1 1,286.0 1,295.6 1,301.7 1,304.4
Less: Indirect business tax
and nontax liability
plus business transfer
payments less subsidies plus current surplus of government
enterprises
Residual1
Equals: National income
138.9
3.4
142.4
2.2
141.8
2.7
142.5
.4
141.0
142.4
143.7
143.9
-.8
5.0
4.3
6.3
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.
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 manufcacturing, 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.
1,124.4 1,150.2 1,148.5 1,153.2 1,145.8 1,148.2 1,153.7 1,154.2
6/80
SURVEY OF CUEEENT BUSINESS
12
1979
1978
1978
1979
I
IV
II
June 1980
1978
1980
III
IV
Ir
1978
1979
Seasonally adjusted at annual rates
1979
IV
I
Corporate profits with inventory valuation and
capital consumption
adjustments. _ .
Profits before tax
Profits tax liability....
Profits after tax
Dividends
Undistributed prof-
Compensation of employees — 1,304.5 1,459.2 1,364.8 1,411.2 1,439.7 1,472.8 1,513.2 1,555.2
1,103.5 1, 227. 4 1, 154. 7 1, 189. 4 1,211.5 1,238.0 1,270.7 1, 303. 6
Wages and salaries
Government and govern218.0 233.5 225.1 228.1 231.2 234.4 240.2 243. 5
ment enterprises
885.5 993.9 929.6 961.3 980.3 1,003.6 1,030.5 1, 060. 1
Other
Supplements to wages and
salaries.- 201.0 231.8 210.1 221.8 228.2 234.8 242.5 251. 6
Employer contributions
94.6 109.1 98.2 105.8 107.9 109.9 113.0 117. 2
for social insurance
106.5 122.7 111.9 116.0 120.3 124.9 129.6 134. 4
Other labor income
Farm
Proprietors' income with
inventory valuation adjustment and without
capital consumption adjustment
Capital consumption adjustment
Nonfarm
Proprietors' income without inventory valuation
and capital consumption adjustments
Inventory valuation adjustment
Capital consumption adjustment
Rental income of persons with
capital consumption adjustment
Rental income
Capital consumption adjustment
.
Corporate profits with inventory valuation and capital
consumption adjustment-
130.8
27.7
32.8
125.7
31.3
129.0
34.2
129.3
33.7
130.3
134.5
130 o
30.9
32.5
27. 7
32.6
38.1
36.4
39.3
39.0
36.2
37.9
33 3
-4.9
89.1
-5.3
98.0
-5.1
94.4
-5.1
94.8
-5.3
95.5
-5.3
99.4
-5.5
102.1
—5.6
102. 3
92.2
103.7
98.5
99.8
100.5
106.0
108.6
110. 7
-2.1
-3.0
-2.4
-3.1
-2.5
-3.1
-3.1
—4. 5
-1.0
-2.8
-1.6
-1.9
-2.5
-3.4
-3.4
— 3. 9
25.9
26.9
27.1
27.3
26.8
26.6
27.0
27. 0
49.3
55.1
52.1
53.0
54.1
56.0
57.5
59. 5
-23.4 -28.2 -25.0 -25.7 -27.3 -29.5 -30.5 -32.5
167.7
178.2
184.8
178.9
176.6
180.8
,„. „
«°
176.4
175
Corporate profits with inventory valuation adjustment and without capital
consumption adjustment. 180.8 194.9 198.6 193.3 191.3 198.3 196.5 197.2
206.0 236.6 227.4 233.3 227.9 242.3 243.0 260.4
Profits before tax
92.5
94.0
96.1 i ?«' n
95.1
91.3 88.7
Profits tax liability. . . 84.5
121.5 144.1 132.3 142.0 139.3 148.3 146.9
Profits after tax
55*2
52.7
52.8
54.4
47.2
49.7
51.5
52.3
Dividends. __„„
56. 7
Undistributed prof95.5
91.4
92.5 101 3
82.6
74.3
90.5
its,..
______
87.0
Inventory valuation ad-25.2 -41.8 -28.8 -39.9 -36.6 -44.0 -46.5 —632
justment
Capital consumption ad-13.1 -16.7 -13.8 -14.5 -14.7 -17.6 -20.1 2^.2
131.5 139.2 148.1
129.7
117.6 122.6
109.5
125.6
Net interest
Addenda:
Corporate profits with inventory valuation and
capital consumption adjustments...
Profits tax liability. _ _ __
Profits after tax with inventory valuation and capital
consumption adjustments.
Dividends
Undistributed profits
with inventory valuation and capital consumption
adjustments..
157.5
195.8
84.5
111.3
42.1
164.9
223.4
92.5
130.9
47.5
175.3
217.8
95.1
122.8
44.8
167.0
221.4
91.3
130.1
46.8
164.9
216.2
88.7
127.6
47.6
164.9
226.5
94.0
132.4
46.8
162.9
229.5
96.1
133.4
48.8
159.0
244.4
102.4
142.0
51.1
69.2
83.4
83.3 79.9
78.0
85.7
84.5
90.8
Inventory valuation adjustment
_ .
-25.2 -41.8 -28.8 -39.9 -36.6 -44.0 -46.5 -63.2
Capital consumption
adjustment.
-13.1 -16.7 -13.8 -14.5 -14.7 -17.6 -20.1 -22.2
Net interest
_
9.0
10.4
9.8
9.4
10.1
10.7
11.2
12.0
Gross domestic product
of financial corporate
business t
_
65.0
70.4
68.2
68.1
69.0
71.4
72.3
73.0
Gross domestic product
of non financial cor1,246.9 1,387.7 1,314.1 1,346.4 1,370.4 1,401.3 1,432.9 1,470.1
porate business
Capital consumption allowances with capital consumption adjustment
126.9 140.8 130.5 133.4 138.4 143.4 148.0 152.1
Net domestic product
1, 120. 9 1,246.9 1, 183. 5 1,213.0 1,232.0 1,257.9 1,284.8 1,318.0
Indirect business tax and
nontax liability plus business transfer payments
117.2 126.2 120.7 122.8 124.2 127.6 130.2 135.2
less subsidies
D omestic income
1,002.7 1,120.7 1,062.8 1,090.2 1,107.8 1,130.3 1, 154. 6 1, 182. 8
Compensation of employees
834.7 940.7 876.5 910.0 928.4 949.7 974.7 1,002.7
Wages and salaries
697.8 782.4 733.0 758.3 772.5 789.4 809.4 831.6
Supplements to wages
and salaries
137.0 158.3 143.6 151. 7 155.9 160.4 165.2 171.0
Corporate profits with inventory valuation and
capital consumption
adjustments
128.3 132.9 143.8 135.9 133.9 132.3 129.3 125.9
Profits before tax _ .
166.1 190.2 185.7 189.5 184.2 192.7 194.5 209.7
Profits tax liability. . . 68.8 75.1 77.9
74.7
71.8
76.3 77.5
82.9
Profits after tax
97.4 115.2 107.8 114.8 112.5 116.3 117.0 126.8
Dividends
41.8
47.0
44.1 46.2
47.3 46.3
48.3 50.6
Undistributed profits
.
68.1 63.7
55.5
68.6
65.2
70.0
76.2
68.7
Inventory valuation adjustment
-25.2 -41.8 -28. 8 -39.9 -36.6 -44.0 -46.5 -63.2
Capital consumption
adjustment
-12.6 -15.6 -13.1 -13.6 -13.8 -16.4 -18.7 -20.6
47.2
Net interest
..
44.2
39.7
42.4
48.3 50.6
54.2
45.5
Billions of 1972 dollars
Gross domestic product
°f nonfinancial corporate business
Capital consumption allowances with capital consumption adjustment
Net domestic product
Indirect business tax and
nontax liability plus business transfer payments
less subsidies
Domestic income
818.7
844.1
841. 4
846.6
841.0
842.4
846.3
848.0
78.4
740.3
80.5
763.6
78.9
762.6
79.3
767.3
80.2
760.8
81.0
761.4
81.5
764.8
82.5
765.5
90.5
649.7
92.5
671.1
92.4
670.2
93.7
673.6
91.3
669.5
92.0
669.4
93.0
671.8
92.8
672.7
Dollars
167.7
84.5
178.2
92.5
184.8
95.1
178.9
91.3
176.6
88.7
180.8
94.0
176.4
96.1
J75.0
10J 4
-
83.2
47.2
85.6
52.7
89.8
49.7
87.6
51.5
88.0
52.3
86.7
52.8
80.3
54.4
72.6
56.7
36.0
32.9
40.1
36.1
35.6
34.0
25.9
15 9
-
I
Current-dollar cost per
unit of constant-dollar
gross domestic product 2
Capital consumption allowances with capital consumption adjustment^ ^ ^
Net domestic product
Indirect business tax and
nontax liability plus busi-
7 8^
Table 8.— Gross Domestic Product of Corporate Business (1.12 ' * '
Gross domestic product
of corporate business.. 1,311.9 1,458.1 1,382.2 1,414.6 1,439.4 1,472.6 1,505.9 1' 542* 4
Capital consumption allowances with capital consump, ,Q b
tion adjustment
132.9 147.7 136.8 139.9 145.1 150.4 155.3 1&y
,
ooo a
Net domestic product
1,178.9 1, 310. 5 1, 245. 4 1, 274. 7 1,294.3 1, 322. 2 1, 350. 6 1 ' dzw>s
Indirect business tax and
nontax liability plus business transfer payments
less subsidies
127.6 137.7 131.6 133.8 135.4 139.3 142.3 14Y. 7
Domestic income __
1, 051. 3 1, 172. 7 1, 113. 8 1, 140. 9 1,158.9 1,182.9 1,208.3 1, 235. 0
Compensation of employees
884.9 997.4 929.1 964.1 984.0 1, 007. 3 1, 034. 2 1, 064. 1
Wages and salaries
739.0 828.8 776.2 802.7 817.9 836.4 858.1 881. 7
Supplements to wages
and salaries
145.9 168.6 152.9
161.4 166.0 170.9 176.2 182. 4
I'
Table 8.—Gross Domestic Product of Corporate Business—-Con.
1,724.3 1,924.8 1,820.0 1,869.0 1,897.9 1,941.9 1,990.4 2, 035. 4
116.8
IV
Billions of dollars
Table 7.—National Income by Type of Income (1.13)
Proprietors' income with inventory valuation and capital consumption adjust-
III
Seasonally adjusted at annual rates
Billions of dollars
National income
II
1980
ft
r
1.523
1.644
1.562
1.590
1.629
1.664
1.693
1.734
.155
1.368
.167
1.477
.155
1.407
.158
1.433
,165
1.465
.170
1.493
.175
1.518
.179
1.554
less SUlWOlVAiOvS
subsidies
Domestic income
.143
1.225
.150
1.328
.143
1.263
.145
1.288
.148
1.317
.151
1.342
.154
1. 364
.159
1. 395
ees__
Corporate profits with inventory valuation and
capital consumption
adjustments
Profits tax liability
Profits after tax with inventory valuation and
capital consumption
adjustments
N e t interest
__._
1.020
1.115
1.042
1.075
1.104
1.127
1. 152
1. 182
.157
.084
.157
.089
.171
.093
.161
.088
.159
.085
.157
.091
.153
.092
.148
.098
.073
.048
.068
.056
.078
.050
.072
.052
.074
.054
.066
.057
.061
.060
.051
.064
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.
6/80
SUEVEY OF CUKKENT BUSINESS
June 1980
1978
1979
1980
1979
1978
II
I
IV
13
III
1978
I'
IV
1978
1979
Seasonally adjusted at annual rates
Final sales
Personal e 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
Change in business investories of new and used autos.
New
Used
Addenda.
Domestic
output of new
autos 1
Sales of imported new autos2.
77.5
76.0
80.6
84.3
77.5
71.2
70.8
71. 0
78.9
76.7
78.1
78.3
84.6
76.1
77.8
73.8
68.0
50.3
69.2
51.3
70.6
51.3
74.0
55.5
68.2
49.5
67.9
51.1
66.8
49.2
71. 5
55.6
17.7
17.9
19.3
18.5
18.7
16.9
17.7
15. 9
14.2
22.1
13.3
22.5
13.9
22.5
14.2
23.9
12.3
21.5
15.1
24.3
11.5
20.3
13.2
21.8
-7.9
-6.1
7.6
13.7
-9.2
-5.0
9.9
14.9
-8.6
-6.8
8.0
14.8
-9.8
-4.2
9.4
13.6
-9.2
-4.9
9.9
14.8
-9.2
-5.8
9.7
15.5
-8.8
-5.1
10.5
15.6
—8. 6
-6.4
10.0
16. 4
.6
.6
.6
.6
.6
.6
.5
.5
-2.1
2.2
-.3
1.5
-6.6
-3.0
—7.9
.9 -1.8
-.1 -.3
2.9
-.7
-.6
.3
2.3
-.9
-6.7
.1
-2.0
-1.0
—7. 1
—. 8
.7
63.6
16.4
64.0
19.4
67.3
17.0
71.8
19.5
60.2
19.1
65.8
19.5
58.3
19.8
58.8
23 6
Billions of 1972 dollars
54.9
Final sales
-
Personal e consumption exNew autos
Net purchases of used
Producers' durable equipment
New autos
Net purchases of used
autos
Exports ..
Imports
Government purchases of
goods and services
Change in business inventories of new and used autos.
New.. .
Used
Addenda.
Domestic output of new
autos i
Sales of imported new autos2.
51.4
56.3
58.1
52.9
47.5
47.1
46.5
II
III
IV
If
Table 10.—Personal Income and Its Disposition (2.1)
Personal income
1,717.4 1,924.2 1,803.1 1,852.6 1,892.5 1,946.6 2,005.0 2,057.4
Wage and salary disbursements
1,103.3 1,227.6 1 154 31,189.3 1,212.4 1,238.1 1,270.5 1,303.7
Commodity-producing
in3
dustries
387.4 435.2 408.6 423.0 431.7 438.3 447.8 460.0
Manufacturing _ _
298.3 330.9 312.7 324.8 328. 5 331.9 338.3 347.2
Distributive industries
4 .... 269.4 300.8 281.6 291.1 295.8 304.0 312.4 320.1
5
Service industries
228.7 257.9 239.4 247.2 252.8 261.3 270.2 280.0
Government and government enterprises
217.8 233.7 224.7 228.0 232.1 234.5 240.1 243. 6
Other labor income
106.5
122.7
111.9
116.0
120.3
124.9
129.6
134.4
Proprietors' income with inventory valuation and capital consumption adjustments
116.8
130.8
125.7
129.0
129.3
130.3
134.5
130.0
27.7
89.1
32.8
98.0
31.3
94.4
34.2
94.8
33.7
95.5
30.9
99.4
32.5
102.1
27.7
102.3
27.0
Farm
Nonfarm
Rental income of persons with
capital consumption adjustment
25.9
26.9
27.1
27.3
26.8
26.6
27.0
Dividends
47.2
52.7
49.7
51.5
52.3
52.8
54.4
56.7
192.1 174.3
181.0
187.6
194 4
205.5
217.2
Personal interest income
„
.
. ,.
Old-age, survivors, Jdisabiliiy, ana neaitn insurance
benefits
Government
unemployment insurance benefits. . .
Veterans benefits
Government employees retirement benefits. _
Aid to families with dependent children
Other
163.3
224.1 252.0
231.8
237.3 243.6
260.8
266.5
274.9
116.3
132.4
121.5
123.8
127.1
138.7
140.0
142.0
9.2
13.9
9.3
14.3
8.2
14.1
8.7
14.5
8.8
14.1
9.6
14.2
10.2
14.5
11.4
14.8
32.9
37.4
34.6
35.3
36.7
37.9
39.8
40.6
10.7
41.1
11.0
47.6
10.7
42.6
10.7
44.3
10.8
46.2
10.9
49.6
11.5
50.5
11.8
54.3
54.6
52.5
54.8
57.8
51.3
52.0
49.1
51.2
45.4
36.3
43.3
34.4
45.9
36.4
47.1
38.3
42.5
33.3
42.2
33.6
41.2
32.4
43 4
35. e
9.1
8.9
9.5
8.7
9.2
8.6
8.8
7§
11.2
15.9
9.9
15.1
11.0
15.9
11.2
16.5
9.3
14.4
10.8
16.0
8.4
13.4
9.3
14.0
Less: Personal contributions
for social insurance. _.
69.6
80.7
71.8
78.7
79.8
81.2
82.9
86.6
-4.7
-2.4
5.5
7.8
-5.1
-1.0
6.6
7.6
-5.0
-2.6
5.6
8.2
-5.4
-.9
6.5
7.4
-5.1
-.8
6.6
7.5
-5.2
-1.4
6.4
7.8
-4.9
-.9
6.9
7.8
_4 7
1*7
Less: Personal tax and nontax payments
259.0
299.9
278.2
280.4
290.7
306.6
321.9
320.0
.5
.4
.4
.4
.4
.4
.3
n
8.' 2
Equals: Disposable personal
income
1,458.4 1,624.3 1,524.8 1,572.2 1,601.7 1,640.0 1,683.1 1,737.4
Less: Personal outlays........ 1,386.4 1,550.5 1,453.4 1,493.0 1,515.8 1,569.7 1,623.4 1,672.9
Personal consumption expenditures
1, 350. 8 1,509.8 1, 415. 4 1,454.2 1, 475. 9 1,528.6 1, 580. 4 1,629.5
Interest paid by consumers
to business
_
34.8 39.6 37.1 37.7 39.0 40.2 41.5 42.3
Personal transfer payments
to foreigners (net)
.8
1.1
.9
1.1
.9
.9
1.5
1.1
.3
-1.1
1.6
.4
1.6
-4.4 - 2.0
_4 g
.4
-.1
-.9
-.2
2.0
-.4
.2
.2
2.0
-.5
-4.5
.1
-1.4
-.5
_4 4 4
4
46.0
11.8
42.9
13.0
47.7
12.1
49.6
13.4
44.2
13.1
39.5
12.6
38.4
13.0
37 7
Equals : Personal saving
15 l
Addenda:
'
'Kevised.
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 equipmeilt;'and
government purchases.
3. Consists of agriculture, forestry, and fisheries; mining; construction; and manufac tn rin o
4. Consists of transportation; communication; electric, gas, and sanitary services; anc1 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 aiid proprietors' income is on an establishment basis and is based on the 1972 Standard in<iustrial
Classification.
I
Billions of dollars
Table 9.—Auto Output in Current and Constant Dollars (1.16,1.17)
-
IV
1980
Seasonally adjusted at annual rates
Billions of dollars
Auto output
1979
come:
Total, billions of 1972
dollars.
Per capita:
Current dollars
1972
dollars
Population (millions) .
Personal saving as percentage of disposable personal
income
72.0
73.8
71.5
79.2
85.9
70.3
59.7
64.4
972.6
994.8
991.5
996.6
993.0
993.4
996. 2
998.5
6,672
4,449
7, 367
4,512
6, 954
4,522
7,157 7,275
4,536 4,510
7,430 7,606
4,501 4, 502
7,834
4, 502
218.6
220.5
219.3 219.7
4.9
4.5
4.7
5.0
220.2
220.7
221.3
221.8
5.4
4.3
3.5
3.7
0/80
SURVEY OF CURRENT BUSINESS
14
1979
1978
IV
1979
1978
I
1980
III
II
June 1980
IV
I'
1979
1978
1978
1979
IV
Seasonally adjusted at annual rates
I
II
1980
IV
III
lr
Seasonally adjusted at annual rates
Billions of current dollars
BiUions of 1972 dollars
Table 11.—Personal Consumption Expenditures by Major Type of Product in Current and Constant Dollars (2.3, 2.4)
1,350.8 1,509.8 1,415.4 1,454.2 1, 475. 9 1,528.6 1, 580. 4 1, 629. 5
208.7 213.4 216.2 220.2
200.3 213.0 212.1 213.8
Personal consumption expenditures
Durable goods
Motor vehicles and parts
Furniture and household equipment
Other.
_
91.2
77.6
31.5
Nondurable goods
Food
Clothing and shoes
Gasoline and oil
Fuel oil and coal
Other
_ _
_, _
97.7
82.1
34.0
89.1
84.2
35.4
89.8
87.3
36.3
89.4
88.9
37.8
920.3
921.8
915.0
925.9
935.4
936.5
147.1
152.1
150.2
144.8
146.9
146.7
145.4
92.9
88 2
39.1
62.7
60.3
23.7
58.6
63.2
25.3
63.7
62.9
25.5
64.0
61.4
24.8
57.1
62.4
25.4
57.1
64.3
25.4
56.4
64.7
25.6
57.3
62.9
25.2
530.6
596.9
558.1
571.1
581.2
604.7
630.7
652.0
343.3
349.1
351.9
348.1
344.1
349.2
355.1
354.1
302.0
99.2
65.1
18.4
112.2
283.9
96.8
55.0
13.6
108.9
292.9
95.5
58.4
15.4
108.9
296.7
96.9
60.2
17.2
110.2
303.1
101.0
68.3
20.4
111.9
315.6
103.6
73.4
20.4
117.7
322.6
103 9
83.6
21 7
120.2
167.1
72.7
28.0
5.5
70.0
168.9
76.5
26.7
5.2
71.8
168.6
76.4
29.1
5.2
72.6
167.2
75.0
29.1
5.5
71.2
166.7
74.9
26.1
5.3
71.0
169.3
77.6
25.8
5.2
71.3
172.3
78.5
25.8
4.8
73.7
173.5
77.5
25.3
4.6
73.2
619.8
699.8
645.1
669.3
686.0
710.6
733.5
757.3
410.8
428.3
416.3
423.5
426.1
429.9
433.6
437.0
212.2
91.4
42.6
48.8
49.2
267.1
241.5
102.0
48.8
53.2
55.6
300.8
222.1
93.7
43.4
50.3
50.8
278.5
229.5
99.1
47.7
51.4
52.9
287.8
236.3
99.7
47.3
52.5
54.5
295.5
244.9
103.5
49.6
53.9
56.8
305.4
255 2
105.5
50.5
55.0
58.4
314.5
263 4
105 2
48 8
56 4
59.6
329 0
150.8
58.6
23.2
35.4
32.5
168.9
159 6
61.2
24.0
37.2
34.1
173.4
153.7
59.1
23 2
35.9
33.0
170.5
156.4
61.6
25.2
36.4
33.6
171.9
158.6
60.7
23.8
36.9
33.9
172.9
160.5
61.1
23.5
37.6
34.5
173.8
163.0
61.4
23.5
38.0
34.4
174.8
165 1
60.4
22 0
38.4
34.0
177 6
_ _
1978
1978
94.9
82.7
34.5
924.5
146.7
271.7
91.2
50.9
14.0
102.9
Services Housing
Household operation
Electricity and gas
Other
Transportation.
Other
91.5
85.6
35.9
900.8
IV
1979
1979
I
II
1980
III
IV
I'
1978
IV
1979
Seasonally adjusted at annual rates
_
194.9 230.0 211.0 213.0 223.4 235.2 248.5 246.1
189.4 224 3 205.4 207 4 217.8 229 6 242 3 239 9
5.3 5.6 5.4 5.4 5.4 5.4 6.0 6.0
2
2
2
2
.2
.2
.2
.2
Corporate profits tax accruals _
72.0
78 2
81 2
77.2
28.1
18.4
7.1
26
30.0
19 3
7.5
29.3
18 9
7.6
28
29.4 29.9 30 0
18 9 19 3 19 4
7.5 7.5 7.3
30 32 34
Expenditures
Purchases of goods and services _
National defense .
Compensation of employees. _
Military
Civilian
Other
Nondefense
Compensation of employees
Other
Transfer payments
To persons..
To foreigners
0
0
74.9
79 4
81.4
86 8
30.7 33.8
19 6 22 9
7.5 7.1
36 38
137.0 159.3 142.0 155.5 157.5 160.2 164.1 171.7
459.8 509.0 479.7 486.8 492.9 516.1 540.4 561.3
152.6 166.6 159.0 163.6 161.7 162.9 178.4
99.0 108 3 101 2 103.4 106.0 109 0 114.6
46.1 49.2 48.0 48.3 48.4 48.7 51.6
26.3 27.7 27.2 27.2 27.1 27 2 29.1
19.8 21.6 20.8 21.1 21.2 21.4 22.5
52.9 59.0 53 2 55.2 57.6 60 3 63.0
186.2
119.6
51.9
29.1
22.7
67.7
60.2
27.2
33.0
66.6
29 3
37.3
53.6
25.7
27.9
58.4
27 8
30.6
57.8
26 8
31.0
55.7
27.4
28.3
53.9
27 6
26.3
63.8
29.0
34.8
185.4 209.8 192 1 196.8 201.9 217 6 222.7 230.0
181.6 205.6 187.9 192.7 198.0 213.9 217.8 225.2
3.7 4 2 4 2 4 0 3 9 3 7 5.0 4 8
Grants-in-aid to State and local
governments
77.3
80.4
84.3
86.0
Net interest paid.
Interest paid
To persons and business
To foreigners..
Less: Interest received by government -
34.8
43 4
34.8
87
8.6
43.1 37 1 40.0 42.6 43.5 46.2
53 9 46 5 50 4 53 1 54 8 57 5
43.1 36.7 39.3 42.6 43.9 46.6
10 8 9 8 11.0 10.6 10 9 10.8
10.9 9.4 10.3 10.6 11.3 11.3
50.2
61 8
50.0
11.8
11.5
Subsidies less current surplus of
government enterprises .
Subsidies
Less: Current surplus of government
Less: Wage accruals less disbursements
III
IV
I'
Table 13.—State and Local Government Receipts and
Expenditures (3.4)
432 1 497 6 463 5 475 0 485 8 504 8 524 7 538 4
Indirect business tax and nontax accruals
Excise taxes. l
Customs duties
Nontaxes
Contributions for social insurance
II
BiUions of dollars
Table 12.—Federal Government Receipts and Expenditures (3.2)
Receipts
I
1980
Seasonally adjusted at annual rates
Billions of dollars
Personal tax and nontax receipts
Income taxes
Estate and gift taxes
Nontaxes .
1979
1978
9.7
9.1
6
91
8.2
o
o
80.7
10 9
10.5
4
o
77.8
8.3
8.1
77.7
9.0
8.3
81.8
10.2
7.9
8.8
8.4
23
o
o
o
8.9
8.3
— 6
0
0
Receipts
331.0 354.6 342.6 343.9 345.9 359.8 368.7 375.3
Personal tax and nontax receipts
Income taxes
Nontaxes ...
.
_ _ _ _ _
Other
64.1 69.9 67.2 67.3
35.5 37.8 37.3 36.5
20.8 23.7 21.9 22.7
7.8 8.3 8.0 8.2
67.3
35.6
23.4
8.3
71.4 73.4
38.9 40.0
24.1 24.8
8.4 8.5
73.9
39.7
25.6
8.6
Corporate profits tax accruals
12.5
13.7
14.7
14.8
15.6
150.0 159.5 152.8 155.5 157.0 161.1 164.4
71.3 78.1 74.8 76.1 76.2 79.1 81.0
63.2 63.9 61.9 62.8 63.7 64.2 65.1
15.5 17.5 16.1 16.6 17.1 17.7 18.4
167.7
82.7
65.9
19.1
Indirect business tax and nontax accruals . ..
.
______
Sales taxes
Property taxes
._
Other .
14.3
13.9
14.1
Contributions for social insurance
27.1 30.5
28.0
29.1 30.2
30.9
Federal grants-in-aid
77 3 80.4
80.7
77.8
81.8 84.3 86.0
Expenditures
Purchases of goods and services
Compensation of employees
Other
Transfer payments to persons
Net interest paid
Interest paid
Less: Interest received by government
Subsidies less current surplus of government enterprises
Subsidies
Less: Current surplus of government enterprises
_
Social insurance funds
Other funds
31.8 32.1
303 6 330.0 315.5 316.3 326.1 334.5 342.9 350.6
283.0 309.8 294 8 296.5
157.8 171.4 162.2 166.3
125.2 138.4 132.6 130.2
33.3 36.2 34.4 35.0
304.9 314.9 322.8 331.0
170.0 173.3 175.9 180.1
135.0 141.6 146.9 150.9
35.7 36.5 37.9 38.4
—7 1 —9.5 —7 6 —8 3 —9.0 —10 0 -10.5 -11.7
15.0 15.9 15.4 15.7 15.8 16.1 16.3 16.4
22.1 25.4
23.0
24.0
24.8
26.0
26.8
28.1
-5.5 -6.8 -5.8 -6.5 -6.4 -7.0 -7.1 -7.3
.3
.3
.2
.3
.3
.3
.3
5.7
Less: Wage accruals less disburseSurplus or deficit (— ), national
income and product accounts..
77.7
27.4
7.1
6.1
1
4
24.6
23.2 26.6
4.2 -1.9
6.8
27.1 27.6
23.8
3.3
7.5
7.6
6.7
7.3
_ 9
_ i
—.2
19.7
25.3 25.8
24.6
25.0 26.0 27.1 28.0 28.8
2.6 -6.3 -1.8 -2.2 -4.2
* Revised.
1. Includes fees for licenses to import petroleum and petroleum products.
Surplus or deficit (— ), national
income and product accounts. . -27.7 -11.4 -16.3 -11.7 -7.0 -11.3 -15.7 -22,9
Social insurance funds
Other funds
-1.4 2.7 -1.4 9.1 7.1 -3.1 -2.3 1.6
-26.3 -14.1 -14.9 -20.8 -14.1 -8.2 -13.5 -24.5
6/80
SURVEY OF CURRENT BUSINESS
June 1980
1979
1978
1978
1979
IV
II
I
15
1978
1980
III
I'
IV
1978
1979
Seasonally adjusted at annual rates
IV
I
258.6 224.9
Exports of goods and servicesMerchandise
Other
207.2
140.7
66.5
257.5 224.9 238.5 243.7
177.2 154.5 163.0 166.8
80.3 70.4 75.5 76.9
Capital grants received by the
United States (net)
0
0
244.9
268.4
281.6
267.3 280.4 308.1
184.6 194.4 215.3
82.7 86.0 92.8
1.1
1.1
258.6
224.9
239.6
244.9
268.4
Imports of goods and services.
Merchandise
Other
217.5
174.9
42.6
262.1
209.1
53.0
229.4 234.4
183.1 186.0
46.3 48 4
251.9
200.4
51.4
269.5 292.4 321.7
215.9 233.9 258.6
53.6 58 5 63.1
46
.8
3.7
52
1.1
4.2
51
.9
4.2
51
1.1
4.0
4.7
.9
3.9
46
9
3.7
65
1.5
5.0
59
1.1
4.8
8.7
10.8
9.8
11.0
10.6
10.9
10.8
11.8
Net foreign investment
1.1
1.2
1.1
207.2
Interest paid by government
to foreigners
281.6
Inventories 1
309.3
76.7
Nonfarm.
Durable goods
Nondurable goods
346 9
362 2
374 3
367 3
351 9
346.6
Gross private saving
324 9
349 6
336 1 345 2
360 5
352 1 340 7
343.7
Personal saving.
72 0
73 8
Undistributed
corporate
profits with inventory
valuation and capital
consumption
adjustments
Undistributed profits
Inventory valuation adjustment
Capital consumption adjustment
Corporate capital consumption allowances with capital consumption adjustment _ .
Noncorporate capital consumption allowances with
capital consumption adjustment
Wage accruals less disbursements
._ _ __
71 5
79 2
85 9
70 3
59 7
32.9
91.4
40.1
82.6
36.1
90.5
-25.2 -41.8 -28.8 -39.9
35.6
87.0
147 7
136 8
139 9
25 9
92.5
15.9
101.3
145 1
17 6 —20 1 -22.2
150 4
155 3
105.4 107.6
48.4 49.7
57.1 58.0
Other
49.1
Final sales 2
Federal
State and local
Inventories L
Nonfarm
Durable goods
Nondurable goods
1.1
Manufacturing
Durable
Nondurable goods.
25.5
25.7
25.7
25.9
26.2
1.7
-7.0 -11.3 -15 7 —22 9
19 7 25 3 25 8 24.6
1.1
1.1
1.2
373 1 375 6
359 1
357.5
1.1
Gross private domestic investment
351.5 387.2 370.5 373.8 395.4 392.3 387.2 387.7
Net foreign investment
—23.5 —19 5 —19 4 —11.0 -22 3 —16 7 —28.1 -30.2
Statistical discrepancy...
3.3
4.1
.6 -1.3
3.7
8.3
7.2 11.0
r
Revised.
1. Inventories are as of the end of the quarter. The quarter-to-quarter change in inventories
calculated from current-dollar inventories shown in this table is not the current-dollar change
in business inventories CCBI) components of GNP. The former is the difference between two
inventory stocks, each valued at end-of-quarter prices. The latter is the change in the physical
volume of inventories valued at average prices of the quarter. In addition, changes calculated
from this table are at quarterly rates, whereas CBI is stated at annual rates.
2. Quarterly totals at annual rates.
3. Equals ratio of nonfarm inventories to final sales of business. These sales include a small
amount of final sales by farms.
NOTE.—Table 16: Inventories are classified as durable or nondurable 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 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.
41.7
284.6 287.6 292.0 293.5 293.4 293.5
166.2 168.9 172.2 173.2 173.2 172.4
118.4 118.7 119.8 120.4 120.2 121.1
136.3 138.4 141.1 142.5 143.5 144.8
89.5 91.5 93.5 94.5 95.8 96.5
46.7 47.0 47.6 48.0 47.7 48.4
Other
_
1,212.0 1,214.6 1,200.9 1,222.2 1,236.5 1,241.6
Final sales
362 8
41.5
25.3
0
0
42.2
41.4
62.5
27.4
35.1
103.7
351.0
335.7
42.2
41.3
64.3
28.9
35.5
o
1.1
325.9 328.9 333.5 335.3 335.6
Billions of 1972 dollars
65.3
29.8
35.5
99 8
367 6
.293
65.8
30.5
35.3
o
0
.329
.291
64.4
29.2
35.2
97.5
327 9
.330
.288
64.8
29.0
35.7
o
Gross investment
.327
.284
Retail trade
Durable goods
Nondurable goods
93.9
Capital grants received by the
United States (net)
.325
.276
159.6
0
10.0
.317
.271
60.0
40.1
19.9
89.9
-27.7 —11.4 -16.3 -11.7
27 4 24 6 27 1 27 6
.311
59.7
40.2
19.5
0
14.0
64.0
60.0
40.5
19.6
87.7
12.7
60.8
59.4
39.8
19.6
0
15.8
57.8
59.3
39.9
19.3
95.3
10.8
53.5
117.1
52.3
64.7
58.2
39.4
18.9
0
13.2
111.6 114.5 117.2
52.4 52.5 53.7
59.3 61.9 63.6
Wholesale trade __
Durable goods
Nondurable goods
84.0
-.3
51.6
116.3 120.1 124.6
74.3 76.0 77.2
42.0 44.1 47.4
1,884.3 1,932.2 1,951.1 2,027.5 2,088.0 2,142.7
. _.
3
Government surplus or deficit (— ), national income
and product accounts
76.0
Retail trade
Durable goods
Nondurable goods
64 4
-36.6 -44.0 —46.5 -63.2
—13 1 —16 7 —13 8 —14 5 —14 7
132 9
34.0
95.5
82.0
102.0 106.9 111.0
66.9 69.8 72.4
35.1 37.1 38.6
Farm
36.0
74.3
79.9
Wholesale trade..
Durable goods
Nondurable goods
Nonfarm 3 .
363 9
81.2
Manufacturing
Durable goods
Nondurable goods.
Ratio of inventories to
final sales.
324 6
79.8
510.2 533.5 553.9 583.0 607.7 628.4
296.7 311.2 324.5 335.2 349.5 355.5
213.5 222.4 229.4 247.7 258.2 273.0
253.7 267.4 277.7 294.4 309.7 322.7
165.8 175.4 183.1 191.2 202.7 208.4
87.9 92.0 94.6 103.2 107.1 114.3
-23.5 -19.5 -19.4 -11.0 -22.3 -16.7 -28.1 -30.2
__
Ir
586.9 613.4 635.1 662.9 689.7 704.4
Farm
Table 15.—Gross Saving and Investment (5.1)
Gross saving
IV
Table 16.—Inventories and Final Sales of Business in Current and
Constant Dollars (5.9, 5.10)
309.3
Payments to foreigners..
Transfer payments (net)
From persons (net) ._ _
From government (net)
1.1
239.6
III
Billions of dollars
Table 14.—Foreign Transactions in the National Income and
Product Accounts (4.1)
207.2
II
1980
Seasonally adjusted at annual rates
Billions of dollars
Receipts from foreigners.
1979
Ratio of inventories to
final sales
Nonfarm 3..
.269
.271
.278
.274
.271
.270
.235
.237
.243
.240
.237
.236
Table 17.—National Income Without Capital Consumption
Adjustment by Industry (6.4)
National income without capital consump1,766.8 1,977.8 1,865.5 1,916.2 1,947.7 1,997.7 2,049.8 2,1,099.6
tion adjustment
1,746.2 1,952.6 1,844.3 1,892.0 1,924.11,970.7 2,023.5 2,1,070.8
Domestic income
Agriculture, forestry, and
fisheries
54.7
64.0
Mining and construction.._
114.1
132.6
Manufacturing
Nondurable goods.
Durable goods
459.5 510.3 486.2 506.5 508.6 509.8 516.4 537.9
176.0 199.2 183.8 191.6 195.6 202.2 207.4 221.1
283.5 311.2 302.4 314.9 313.1 307.6 309.0 316.9
68.2 78.4 73.1 75.8 75.7 79.7 82.2 82.1
Transportation. _
C ommunication.
Electric, gas, and sanitary
services
Wholesale and retail trade _ _
Wholesale
Retail
Finance, insurance, and real
estate
—
Services
Government and government enterprises
Rest of the world.
40.5
44.9
60.0
63.9
124.3 123.2
42.1
43.0
64.7
130.5
43.3
64.8
60.9
136.1 140.6
143.5
62.5
46.3
47.2
49.3
36.2 37.2 39.2
36.4
38.0
304.6 302.9
296.6
286.7
277.8
261.8 291.4 276.8
107.0 121.6 114.2 114.7 120.4 123.9 127.4 127.1
177.2 175.8
172.7
166.3
163.1
162.5
154.8 169.8
34.9
37.0
37.1
238.7 222.8 227.6 232.2 243.2 251.6 260.6
277.9 257.1 265.9 271.5 281.6 292.5 302.8
256.6 277.4 264.9 270.2 274.5 278.7 286.3 291.6
20.5 25.3 21.2 24.2 23.7 26.9 26.4 28.8
210.7
245.2
6/80
SUEVEY OF CUREENT BUSINESS
16
1979
1978
1978
1979
I
IV
1978
1980
III
II
June 1980
IV
I'
1978
1979
IV
Seasonally adjusted at annual rates
Rest of the world
Corporate profits with
inventory valuation
adjustment and without capital consumption adjustment
167.7
178 2
184.8
178.9
176.6
180.8
176.4
175.0
157.5
29.2
128.3
164 9
32.1
132 9
175.3
31.5
143.8
167.0
31.0
135.9
164.9
31.0
133.9
164.9 162.9
32.6 33.6
132.3 129.3
159.0
33.1
125.9
10.2
13.2
9.6
11.9
11.7
13.5
16.1
15.8
194 9
198.6
193.3
191.3
198.3
196.5
197.2
181 6
33.2
9.6
23 6
189.0
32.1
8.6
23.5
181.4 179.6
31.9 32.0
9.2
8.8
23.1 22.8
182.5
33.8
9.7
24.1
183. 0
35.0
10.6
24.4
181.1
34.7
11.8
22.8
140.9
81.7
41.4
148.5
88 8
51.5
156.9
90.6
45.1
149.6
94.1
48.2
147.7
90.6
49.4
148.7
86.4
53.8
148.0
84.0
54.8
146.5
93.0
65.5
5.7
6.9
6.4
5.7
7.6
7.8
6.4
8.3
7.9
77
8.9
9.0
8.0
7.1
6.6
8.9
13.0
14.7
21.5
15.5
14.8
15.1
16.4
17.1
19.5
14.2
21.8
17.1
28.3
13.5
32.6
15.7
Durable goods
Primary metal industries
.
Fabricated metal
products . . .
Machinery, except
electrical
Electric and electronic
equipment
Motor vehicles and
equipment...
Other
40.3
37.2
45.5
46.0
41.2
32.6
29.2
27.4
2.5
3.5
2.9
3.8
4.2
4.0
1.9
4.4
4.6
5.0
5.1
5.0
5.4
4.8
4.7
5.3
8.3
Wholesale and retail trade-
7.7
9.8
8.2
7.6
7.9
6.9
5.7
5.2
5.1
5.1
5.5
5.2
5.1
4.6
4.6
8.9
10.8
4.5
11.5
9.3
13.3
11.4
12.0
7.4
11.3
-.5
11.2
-.4
11.5
—2.8
10.2
23.0
23.7
25.8
18.6
22.4
26.5
27.1
16.5
Transportation, communication, and electric,
gas, and sanitary services
20 3
18.9
Other
16.0
17.1
Rest of the world
Corporate profits b"f~«»
deduction of capital
consumption allowances, with inventory
valuation adjustment..
10.2
13.2
22.7
21.7
18.5
17.9
15.1
16.1
9.6
11.9
11.7
325.8 321.7 318.8 321.7
290.4 312.6 312.1 306.9 310.0
Domestic industries
Financial^
. . 35.2 38.9 37.8 37.5 37.7
9.2
8.8
8.6
7.8
9.6
Federal Reserve banks
Other
29.4 29.1 28.8 28.5
27.4
Nonfinancial
255.2 273.7 274.4 269.4 272.3
Manufacturing
132.1 144.5 142.2 147.2 145.9
66.3 79.1 70.7 74.4 76.9
Nondurable goods
Food and kindred
products
9.9
11.5 10.7 10.1 12.2
Chemicals and allied
15.2 14.5
product
13.6 14.1 14.9
Petroleum and coal
products
21.7 31.0 23.5 25.4 29.0
21.2 22.5 21.5 23.8 21.1
Other
Durable goods
Primary metal industries
Fabricated metal
products
Machinery, except
electrical
Electric and electronic
300.6
65.8
65.5
71.6
18.0
17.4
18.0
17.8
19.4
19.0
13.5
16.1
331.1 331.7
334.6
315.3
39.6
9.7
29.9
318.6
40.6
11.8
28.8
15.8
318.2
40.9
10.6
30.3
275.7 277.3 278.0
143.0 142.1 152.1
81.6 83.4 94.6
12.5
11.2
13.1
13.5
13.3
15.8
31.4
24.2
38.1
20.8
42.5
23.2
57.4
72.7
69.1
61.4
58.7
6.7
8.1
7.2
8.1
8.6
8.8
6.8
9.5
6.9
7.6
7.4
7.5
8.1
7.5
7.4
8.0
13.2
13.1
14.9
13.3
13.0
13.4
12.5
11.4
9.0
9.3
8.9
9.5
9.4
9.4
8.9
9.0
13.3
16.8
94
18.0
13.5
19.8
16.0
18.'
12.0
17.1
4.6
17.7
4.9
18.:
2.6
17.0
Wholesale and retail trade.
36.2
38.0
39.5
32.5
36.7
41.1
41.9
31.4
Transportation, communication, and electric,
gas, and sanitary services.
49.7
50.6
52.7
52.2
50.
50.
49.9
51.0
Other
37.3
40.5
39.9
37.5
39.4
41.
43.5
43.5
10.2
13.2
9.6
11.9
11.7
15.
13.
16.1
Motor vehicles and
equipment
Other. .
Rest of the world
IV
I'
Gross national product.. 152. Of 165.46 156.68 160. 22 163.81 167. 20 170. & 174.48
180.8
Nonfinancial
_
M anufacturing
Nondurable goods
Food and kindred
products
Chemicals and allied
product
Petroleum and coal
products
Other
III
Table 19.—Implicit Price Deflators for Gross National Product (7.1)
170 6
29.7
7.7
21.9
Domestic industries
Financial l
Federal Reserve banks
Other
II
Index numbers, 1972=100
Table 18.—Corporate Profile by Industry (6.18)
Domestic industries
Financial1
Nonfinancial
I
1980
Seasonally adjusted
Billions of dollars
Corporate profits with
inventory valuation
and capital consumption adjustments
1979
Personal consumption expenditures
Durable goods
Nondurable goods
Services
150.0
163.3
153.8
157.8
161 3 165 1 169 0
174 0
136 5
154 6
150.9
144 8
171 0
163. 4
139 4
158 6
155 0
142 4
164 1
158 0
144 1 145 3 147 4
168 9 173 2 177 6
161 0 165 3 169 2
151 5
184 1
173 3
164.4
157 8
174.3
179.6
171 3
192.4
170 3
162 3
181 4
173.0
165 4
185 2
177 8
169 6
189 0
182 4 185 0
173 8 176 2
195 1 199 8
188 8
180 3
205 3
150.3 161 1
179.7 201 4
180.8 203.0
180.3 202.8
153 4
189 5
190.8
189.3
156 4
192 6
194.0
192.7
160 2
199 2
200.7
199 §
163 6 164 4 167 9
205 5 208 7 213 4
207.3 210.5 215.5
206 0 209 9 214 8
132.3
135.6
138 2
139 5
139 6
190.3 214.8 197.6
222.1 256.2 227.2
203.9
234.5
210.1 218 7
244 9 264 0
Gross private domestic investment
Fixed investment
Nonresidential
Structures
P r o d u c e r s ' durable
equipment
Residential .
Nonfarm structures
Farm structures
Producers' durable
equipment
139.8
141 7
144 2
Change in business inventories
Net exports of goods and services
Exports
Imports
_^
Government purchases of
goods and services
Federal...
State and local
159.4
173.7
154.8 167.6
162.1 177.1
225.7 234.0
280 8 301 5
164.5 167 5 171 3
175 0
180 9
184 7
160.1
166.9
167.2 176.4
179.3 183.5
178.5
188.4
161.9
170.8
164.8
174 9
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
179.0
154.2 168.7
159.0
162.8
166.6
170.6
174.4
151.6
166.2
155.9
160.0
163.9
168.4
172.6 178.3
137.9
156.9
151 5
146.9
175.2
164.4
140.9
161.6
155.7
144.2 146.1
167.1 172.7
158 7 161.9
167.2
160.6
170.7
184.2 173.9
175.0 165.5
189.1 177.7
177.1
168.8
181.6
182.2 187.2
173.1 177.3
186.4 191.7
154.8
179.6
167.0
201.5
158.5
189.5
161.5
192.7
165.6
199.3
192.3 216.9
215.3 248.9
199.2
222.1
205.3 211.4
229.6 240.9
220.5
256.8
227.8 238.6
273.8 296.5
159.5
164.5
168.2
172.0
176.0
182.1
186.9
170.4
177.3
160.8
167.0
164.0 167.2
171.1 175.2
171.1
179.4
180.2
183.4
184.7
188.4
154.1 168.5
153.7 168.0
153.6 168.3
153.1 167.2
158.9
158.5
158.5
157.2
162.7
162.3
162.3
160.5
166.4
166.0
166.3
164.8
170.4
169.9
170.4
169.3
174.3 178.8
173.6 178.0
173.9 178.6
172. £ 178.0
147.8 149.7
178.1 183.5
166.4 170.5
154.2
190.9
174.8
Gross private domestic investFixed investment
Nonresi dential
Structures
Producers' durable
equipment
Residential
190.4
180.6
196.0
195.3
185.4
202.0
169.1 171.8 175.9
205.7 208.9 213.9
Change in business invenNet exports of goods and services
Exports _
Imports
Government purchases of
goods and services .
Federal
State and localAddenda:
Final sales
Gross domestic product
Business - . .
Nonfarm
155.8
162.0
174.5
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.
NOTE.— Table 18: The industry classification is on a company basis and is based on the 1972
Standard Industrial Classification.
6/80
SURVEY OF CURRENT BUSINESS
June 1980
1979
1978
1978
1979
IV
I
II
17
1980
III
IV
1978
Ir
1978
1979
IV
Seasonally adjusted
Gross national product.. 152. 05 165.46 156.68 160. 22 163.81 167.20 170.58 174.48
152.0
165.3
156.6
160.3
163. 5
167.0
170.4
174.2
145.4
157.8
149.7
153.6
157.3
159.1
161.2
164.6
Final sales
Change in business inventories
145.2
157.4
149.3
153.6
156.5
158.6
160.7
164.0
Durable goods
Final sales
Change in business inventories
140.9
140.2
152.0
151.2
144.1
143.7
148.8
148.0
151.8
150.2
153.4
152.8
154.3
153.9
155.5
156.9
Nondurable goods
Final sales
Change in business inventories
148.8
148.7
162.1
161.8
153.8
153.3
157.3
157.7
161. 4
161.1
163. 2
162.8
166. 2
165.6
171.0
169. 1
153.8
176.2
167.0
196.6
158.1
184.6
161.4
188.4
164.4
193.8
168.8
199.8
173.3
203.8
177.7
208.9
Services
Structures.
__ _
._
Net national product
164.2
155.5
159.1
162.6
165.8
169.1
173.1
150.2
163.2
154 8
158 3
161 8
164 8
168 0
171 6
Business
Nonfarm
Farm
Residual
149.4
148 9
175.8
162.6
161 5
208.8
154.1
153 1
197 5
157.6
156 1
222 2
161.2
160 1
209 0
164.4
163 4
202 9
167.2
166 4
202 2
171.0
170 6
187 2
Households and institutionsGovernment
159.6
153 1
171.5
165 1
163.3
157 6
168.3
160 7
169.7
163 3
171.6
165 7
176.1
170 7
180.5
173 6
153 4
167 3
158 5
162 1
165 6
169 1
172 5
176 3
152 6
166.3
157 7
161 2
164.7
168 0
171.2
174.8
Business - _ _ _ _ _ _
Nonfarm
Farm
_ _ __
152.2
151 9
162.2
166. 2
165.6
187.8
157.5
156 7
186.2
161.0
159 9
199.0
164.7
164.1
186. 2
168.1
167 8
179.3
171.0
170 5
187.2
174.7
175.0
163.6
Households and institutionsGo vernment..
159.6
153.1
171.5
165.1
163.3
157.6
168.3
160.7
169.7
163.3
171.6
165.7
176.1
170.7
180.5
173.6
156.1
159.5
163.1
166.2
169.5
173.2
Business
Nonfarm
Nonfarm less housing...
Housing
Farm
Residual
151.0
150.4
151.9
137.7
174.2
164.3
163.2
165.0
147.9
201.6
155.6
154.7
156.2
141.4
190.5
159.1
157.6
159.3
143.4
209.4
162.8
161.7
163.6
145.6
201.2
166.1
165.2
167.1
149.1
197.7
169.1
168.2
170.1
153.0
198.4
172.9
172.4
174.5
155 8
188.5
Households and
tions
159.6
171.5
163.3
168.3
169.7
171.6
176.1
180.5
153.1
146.2
156.5
165.1
156.8
169.1
157.6
151.7
160.4
160.7
153.4
164.3
163.3
154. 3
167.7
165. 7
155.1
170.8
170.7
164.4
173.8
173.6
165. 1
177.7
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
__ 152. 05 165. 46 156.68 160. 22 163.81 167. 20 170. 58 174. 48
Less: Capital consumption
allowances with capital consumption adjustment
163.6
177.7
168.0
170.9
175.4
180.1
184.1
187.7
Equals: Net national product . 150.8
164.2
155.5
159.1
162.6
165.8
169.1
173.1
Less: Indirect business tax
and nontax liability
plus business transfer
payments less subsidies plus current
surplus of government enterprises
Residual.
Equals: National income
_
Rest of the world
National income
-
_ __
Table 25.—Implicit Price Deflators for Auto Output (7.9)
164.6
G o vernm ent
Federal
State and local
141.0
147.8
143.0
145.0
146.6
149.8
150.4
152.8
140 4
148.6
143.0
146.5
148.' 2
149.7
150.4
153.9
Personal consumption expenditures. _
_
New autos.Net purchases of used
autos
149.8
138 4
160.1
149.2
153.9
141.0
157.3
144.8
160.4
148.9
160.9
152.1
162.0
151.7
164.8
156.0
Producers' durable equipment
New autos
Net purchases of used
autos
126.8
138 6
133.7
149.3
126.2
141.2
127.1
144.8
131.8
149.0
140.0
152.2
136.5
151.9
142.4
156.0
Net exports
Exports
Imports
138.8
174.3
149. 7
195. 6
141.4
180.2
145.1
184.4
149.2
198.6
152.5
199.8
152.6
199.0
156.1
200.9
Government purchases of
goods and services
141.3
156.2
144.5
144.8
154.0
162.4
167.2
170.8
138.5
138.5
149.2
149.3
140.9
141.1
144.7
144.9
148.8
148.9
152.6
152.1
151.9
151.8
156.2
156.0
Auto output
Final sales .
Change in business inventories of new and used autos
Addenda :
Domestic
output of new
autos J
_
Sales of imported new autos2.
Table 26.—Implicit Price Deflators for Personal Consumption
Expenditures by Major Type of Product (7.11)
Personal consumption
expenditures
Durable goods __
131.8
153.4
138.6
167.3
131.6
158.5
135.1
162.1
137.7
165.6
139.2
169.1
142.1
172.5
146.7
176.3
Motor vehicles and parts. ..
Furniture and household
equipment
Other
Nondurable goods
r
Ir
Product
151.5
institu-
IV
150.8
Net domestic product
Domestic income
Gross national product- 152.05 165.46 156. 68 160. 22 163.81 167. 20 170.58 174. 48
Gross domestic product
III
Table 24.—Implicit Price Deflators for Net National Product and
National Income by Sector (7.7)
Rest of the world
Table 22.—Implicit Price Deflators for Gross National
by Sector (7.5)
II
Index numbers, 1972=100
Table 21.—Implicit Price Deflators for Gross National Product by
Major Type of Product (7.3)
Goods
I
1980
Seasonally adjusted
Index numbers, 1972=100
Final sales
Change in business inven-
1979
.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.
NOTE.— Table 21: "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.
Tables 22 and 24: The industry classification within the business sector is on an establishment basis and is based on the 1972 Standard Industrial Classification.
Food
.
Clothing and shoes
Gasoline and oil
Fuel oil and coal.
Other - Services
_-
Housing
- _ __
Household operation
Electricity and gas
Other .
Transportation
Other
150.0
136.5
145.5
128.7
132.7
163.3
144.8
156.1
153.8
139.4
149.0
165.1
169.0
174.0
144.1
145.3
147.4
151.5
152.8
156.1
157.2
158.7
162.3
135.7
142.8
137. 5
147.6
140.3
154.9
157.8
142.4
161.3
135.5
141.9
131.4
135.2
133.5
137.3
135.0
139.5
154.6
171.0
158.6
164.1
168.9
173.2
177.6
184.1
162.5
125.5
182.1
253.3
146.9
178.8
129.7
243.7
353.0
156.3
168.3
126.7
189.1
262.7
150. 0
175.1
127.2
200.9
279.2
153.0
178.0
129.4
230.3
323.9
155.1
179.0
130.1
264.8
393.6
157.0
183.1
131.9
284.6
426.4
159.9
186.0
134.0
330. 7
469.4
164.2
150.9
163.4
155.0
158.0
161.0
165.3
169.2
173.3
140.7
156.0
183.8
137.8
151.3
158.2
151. 3
166.6
203.3
143.0
163.0
173.5
144.5
158.4
187.0
140.0
154.0
163.3
146.8
161.0
189.8
141.1
157.2
167.4
149.0
164.3
198.4
142.2
160.4
170.9
152.6
169.5
211.0
143.5
164.4
175.7
156.6
171.8
215.2
144.9
169. 6
179.9
159.5
174.4
222.0
147.1
175.4
185.3
6/80
321-149 0 - 8 0 - 3
SURVEY OF CURRENT BUSINESS
18
1978
1978
1979
IV
1979
I
II
June 1980
1980
III
IV
1978
I'
1978
1979
IV
Seasonally adjusted
Percent
1979
I
II
1980
III
IV
IT
Seasonally adjusted
Percent at annual rate
Percent
Percent at annual rate
Table 27.—Percent Change From Preceding Period in Gross National Prodvlct in Current and Constant Dollars, Implicit Price
Deflator, and Price Indexes (8.9)
Table 27.—Percent Change From Preceding Period in Gross National Product in Current and Constant Dollars, Implicit Price
Deflator, and Price Indexes (8.9)—Continued
Gross national product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index .
12.0
4.4
7.3
7.4
7.5
11.3
2.3
8.8
8.9
9.3
14.8
5.6
8.7
8.6
8.9
10.6
1.1
9.3
9.7
9.9
6.7
-2.3
9.3
8.8
9.5
11.9
3.1
8.5
8.9
10.0
10.5
2.0
8.4
8.5
9.4
10.8
1.2
9.5
9.6
10.9
Exports:
Current dollars _ _
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index__
17 8
10.6
65
6.1
6.0
24 3
10 1
12 9
12 5
12.8
22 3
71
14 2
13 3
13.8
26 4
11 5
13 4
12 8
12.9
9 i
31
12 6
11 9
12.4
44 5
23 o
17 n
18 0
18.5
91 9
13 0
13.9
IQ n
20.2
Personal consumption expenditures:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index. .
11.6
4.5
6.8
7.0
7.1
11.8
2.6
8.9
9.2
9.6
14.2
6.8
6.9
7.2
7.4
11.4
.6
10.8
10.4
11.0
6.1
-2.9
9.3
10.0
10.3
15.0
4.9
9.7
10.6
11.3
14.3
4.1
9.7
10.1
10.5
13.0
.5
12.5
3.0
13.8
Imports:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index..
17.1
11 1
5.4
77
8.0
20 5
44
15 4
17 0
15.6
16 9
10 2
61
86
9.1
92
38
13 5
13 7
14.1
33 2
12 1
18 9
24 4
21.2
31 2
29
35 2
34 9
29.1
38
5
Q 9
AR f»
27 9
30 6
29.3
37.6
Durable goods:
Current dollars
1972 dollars
Implicit price deflator..
Chain price index
Fixed-weighted price
index
-
12.0
6.1
5.5
5.6
6.3
.3
6.0
6.4
18.1
13.0
4.5
4.8
3 3 -9.2
-5.0 -13.6
5.0
8.7
5.5
9.2
92
5.8
3.2
4.6
5.4
-.6
6.0
5.9
7.7
-3.5
11.5
12.8
5.8
65
4.7
9.4
5.4
4.7
5.3
12.5
Government purchases of
goods and services:
Current dollars.
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index__
9.9
18
8.0
77
7.8
94
4
89
92
9.4
12 2
18
10 2
95
10.0
56
18
76
94
9.4
58
33
94
9o
9.2
10 0
10
89
94
9.8
21 1
60
14 2
13 3
14.5
13 4
4 2
88
99
11.0
Nondurable goods:
Current dollars
1972 dollars
Implicit price deflator..
Chain price index
Fixed-weighted price
index
16 9
86
7.7
81
96
—4 2
14.5
13 8
7.3
—4.5
12.3
13 9
17 1
61
10.5
11 9
18 4
70
10.7
11 8
14.2
-1.1
15.5
16.0
57
—2.0
7.8
7.1
92
.9
8.3
89
18 7
3.2
15.0
13 0
12 1
46
7 2 —11 3
4.6
7.5
76
73
31
26
5.9
85
Q
I9 5
17
10.6
11 3
Federal:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price
index ._
40
10 2
32
6.8
72
16 0
23.9
21 2
18 7
13 1
4.9
69
14.5
14.0
13.1
12 8
84
12.6
94
82
79
98
22 9
10 5
11 7
17.3
6.9
7.3
Services:
Current dollars
1972 dollars
Implicit price deflator. .
Chain price index Fixed-weighted price
index
12 7
51
7.3
7 3
12 9
43
8.3
84
10 6
32
7.2
72
15 8
7.1
8.2
80
10 4
2.5
7.7
82
15 1
3.6
11.1
11 4
13 5
3.5
9.7
10 0
13 6
3.2
10.1
10.5
12 4
4.0
8.1
8.0
95
.2
9.3
9.3
89
10
7.8
77
23
—6 6
9.5
10 3
11 9
16
10.1
99
13 8
31
10.4
10 0
10 4
g
9.6
94
10 5
— 7
11.3
11 5
9.4
82
81
8.2
10 1
11 6
10 1
10 0
99
93
11 3
85
10.7
8.3
73
73
State and local:
Current dollars
1972 dollars
Implicit price deflator...
Chain price index
Fixed-weighted price
index
15 9
71
10 2
4
17 1
66
36
— 5
25 2 —3 0 —5 1
8 5 —12 8 —11 6
5
-8.3
Final sales:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index__
12.1
4.4
7.4
7.4
7.5
11 7
2.7
88
8.8
9.3
14 8
5.7
86
8.6
8.8
11 0
1i
98
97
9.9
4 2
—3 9
85
89
9.5
15 8
64
88
88
10.0
12 2
36
83
84
9.4
11 0
15
93
9g
10.9
17 0
71
9.2
95
12 1
26
9.2
99
17 4
75
9.2
10 0
56
-1 0
6.7
76
85
—2 7
11.5
11 9
18 7
7.2
10.8
11 0
42
—1 5
5.7
70
14
-6.5
8.4
10.5
Gross domestic product:
Current dollars
1972 dollars
Implicit price deflator
Chain price index _
Fixed-weighted price index..
12.0
4.4
7.3
7.4
7.5
11.2
23
8.7
88
9.3
14.8
56
8.7
87
8.9
10.1
9
9.1
9 g
9.9
69
—2 1
9 2
87
9.4
11 5
32
80
84
9.6
10 7
24
81
81
9.1
10 5
14
90
9 2
10.6
Business:
Current dollars
1972 dollars
__.
Implicit price deflator
Chain price index
Fixed-weighted price
index
12.4
4.7
7.3
7.4
11 6
2.6
8.8
8.9
15 5
6.4
8.5
8.5
10 1
10
9.1
9.7
70
—2 5
9.8
9.1
12 1
34
8.4
8.9
10 5
2g
7.4
7 4
10 7
13
9.2
95
7.6
9.5
87
10 0
10 1
10 4
84
11 2
Nonfarm :
Current dollars. .
1972 dollars
Implicit price Index
Chain price index
Fixed-weighted price
index .
12.4
54
6.7
6.9
11.4
27
8.5
8.7
14.9
66
7.8
7.6
98
17
7.9
85
75
—2 8
10.6
10 1
10 8
16
9.0
94
10 7
28
7.6
77
11 1
7
10.3
10 6
7.0
9.3
7.7
8.5
11 3
11.2
87
12 5
11.7
4.6
11.4
2.3
13.8
6.4
13.0
2.1
7.7
—1 4
9.9
2
10,9
11
13.5
9
Gross private domestic investment:
Current dollars
1972 dollars
Implicit price deflator
Chain price index
Fixed-weighted price index
Fixed investment:
Current dollars
1972 dollars
Implicit price deflator..
Chain price index Fixed-weighted price
97
10 2
10 6
77
12 0
11 3
71
10.7
Nonresident ial:
Current dollars
1972 dollars
Implicit price deflator. .
Chain price index
Fixed-weighted price
index
16 7
84
7.7
7.9
15 2
62
Sis
8.7
19 3
11 3
7.2
7.6
12 9
48
7.7
7.8
96
— 8
10.6
10.8
22 0
10 7
10.2
9.9
54
-3
5.7
7.3
11.6
1.7
9.8
10.8
80
90
80
82
10 7
10 1
75
11.1
Structures:
Current dollars
1972 dollars
Implicit price deflator. _
Chain price index
Fixed-weighted price
index
22 2
12 2
8.9
9.2
21 1
96
10.4
10.9
25 9
12 7
11.8
12.2
24
—5 6
S.5
9.1
29 1
19 0
8.5
10.7
21 7
71
13.6
11.8
23 4
12 2
lO'.O
9.3
12.9
12
11.6
13.0
90
10 8
11 6
9.1
10 9
11.8
92
12.9
Producers' durable equipment:
Current dollars
1972 dollars
Implicit price deflator.
Chain price index.
Fixed-weighted price
index
14 1
67
6.8
7.3
12 2
47
7.2
7.6
15 8
10 7
4.6
5.1
19 0
10.1
8.2
7.1
2
—8 9
10.0
10.8
22 2
12.5
8.7
8.9
—4 0
—6.0
2.1
6.1
10.8
2.0
8.7
9.5
74
78
57
76
10 5
89
64
99
Residential:
Current dollars
1972 dollars
Implicit price deflator.
Chain price index
Fixed-weighted price
index
17 5
4.2
12.8
12.9
57
-5.7
12.1
12.2
13 5 -8.5
-1.1 -14.3
6.7
14.8
7.0
15.1
61
-7.2
14.3
14.3
11.7
-1.5
13.4
13.5
12.8
12.2
7.0
14.3
13.5
15.1
1 4 — 19.3
-4.5 -26.2
6.2
9.3
6.3 10.0
6.4
7n
j c <y
9fi 1
10 o
Addenda:
Disposable personal income:
Current dollars
1972 dollars
' Revised.
NOTE.— Table 27: The implicit price deflator for GNP is a weighted average of the detailed
price indexes used in the deflation or 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.
10.0
6/80
By GARY L. RUTLEDGE and BETSY D. O'CONNOR
Capital Expenditures by Business for Pollution Abatement,
1978,1979, and Planned 1980
CHART 7
New Plant and Equipment Expenditures
for Air, Water, Solid Waste Pollution
Abatement
Billion $
CHART 8
JL HIS article presents expenditures for
new plant and equipment to abate air
and water pollution and to dispose of
solid waste as reported by nonfarm
business in a survey conducted by
BEA in late November and December
1979. It also presents estimates by
BEA of prices and real spending for
new plant and equipment for pollution
abatement (PA). Highlights are:
• Business plans an 8-percent increase
in PA capital spending for 1980. If
prices increase in 1980 at the same
rate as in 1979, these plans indicate
a decrease in real spending in 1980.
Prices for PA capital, as estimated by
BEA, increased 10 percent in 1979.
• The $0.6 billion increase that business
plans for 1980 is entirely for air PA
capital. These plans probably reflect
the approach of a major air PA deadline in 1982.
• PA capital spending increased 3 percent in 1979. Real spending, as
estimated by BEA, decreased 6
percent.
Air, Water, and Solid Waste Pollution
Abatement as a Percent of Total New
Plant and Equipment Expenditures1
Percent (Ratio scale)
BY MEDIA
'—•Total
40
BY INDUSTRY
30
20
Iron & Steel
10
Nonferrous Metals
Electric Utilities
-•Petroleum
8
7
2-
1973 74 75 76 77 78
79 80
*Planned
U.S. Department of Commerce, Bureau of Economic Analysis
The universe estimates discussed
here are based on sample data from
companies and not from separate reports for plants or establishments. A
company's spending is assigned to a
single industry based on the industry
classification of the company's principal
products. The universe estimates do
not cover spending by agricultural
business; real estate; medical, legal,
educational, and cultural services; and
nonprofit organizations. Costs oi operating PA capital are also excluded.
6
Chemicals
Paper
5
i
i
i
i
i
i
i
i
1973 74 75 76 77 78 79 80
•Planned
1. Solid waste is not shown separately because it is a small part of the total.
U.S. Department of Commerce, Bureau of Economic Analysis
so-6-8
19
SURVEY OF CURRENT BUSINESS
20
Capital expenditures &nd operating
costs for pollution abatement and control by business, government, and
consumers are presented by BEA each
February in the SURVEY OF CURRENT
BUSINESS.
June 1980
be for changes-in-production-process will decrease to 3.9 percent in 1980
methods. In 1979, the shares were 80 from 4.0 percent in 1979. As shown in
percent and 20 percent. End-of-line chart 8, this proportion decreased
methods involve the separation, treat- every year since 1976.
ment, or reuse of pollutants after they
Manufacturing industries plan to
are generated but before they are increase PA capital spending 14 percent
emitted from the firm's property. in 1980 and nonmanufacturing indusChanges-in-production-process methods tries plan to spend the same amount as
involve the modification of existing in 1979. Of the major industries (those
production processes or the substitu- spending $100 million or more for PA
tion of new processes to reduce or
capital), the largest planned increases
eliminate the pollutants generated.1
The proportion of new plant and are: motor vehicles, 39 percent; nonequipment spending allocated to PA ferrous metals, 34 percent; "communication, commercial, and other," 27
1. Changes-in-production-process expenditures are the
percent; iron and steel, 25 percent;
result of an attempt to identify the PA part of capital exstone-clay-glass, 21 percent; and "other
penditures made jointly for conventional production and
abatement. Identifying the PA part of joint expenditures is
durables," 20 percent. Only two of the
difficult for respondents and therefore care should be exercised
major industries plan decreases: mining,
when using these data.
Survey results
Business plans to spend $7.7 billion
in 1980 for PA capital, compared with
$7.1 billion spent in 1979 (table 1 and
chart 7). Plans indicate that 59 percent
of spending will be for air PA capital,
34 percent for water, and 7 percent for
solid waste. In 1979, the shares were
55 percent, 37 percent, and 8 percent.
Of air and water PA capital spending, 81 percent will be for end-of-line
methods (table 2) and 19 percent will
Table 1.—New Plant and Equipment Expenditures by U.S. Business: Total and for Pollution AbatementJ
[Millions of dollars]
1978
Pollution abatement
Total 2
AH industries
Total
Planned 1980
1979
Water
Air
Pollution abatement
Solid
waste
Total 2
Total
Air
Water
Pollution abatement
Total 2
Solid
waste
Total
Air
Water
Solid
waste
153,090
6,924
3,642
2,781
502
176,371
7,143
3,915
2,664
564
195,673
7,699
4,530
2,604
566
67,646
3,951
1,992
1,652
306
78,301
3,976
2,103
1,493
381
89,510
4,540
2,515
1,642
383
31,749
1,561
901
566
94
37,890
1,585
936
540
109
43,759
1,956
1,192
628
137
Primary metals 3
Blast furnaces, steel works
Nonferrous metals
5,971
2,622
2,387
752
441
247
530
290
189
205
140
53
17
10
5
6,541
2,895
2,633
811
510
213
558
351
142
227
154
59
26
5
13
7,521
3,360
2,986
1,010
638
285
688
435
187
289
197
75
32
6
23
Electrical machinery ._ __
Machinery, except electrical
3,937
6,416
130
111
26
57
88
46
16
9
5,055
8,147
114
88
27
36
82
39
6
13
6,054
9,617
126
97
46
45
73
44
7
8
Transportation equipment 3
Motor vehicles
Aircraft 4
6,271
4,655
1,396
224
198
23
93
82
9
98
87
10
33
28
5
7,796
5,377
2,138
261
223
33
122
106
13
97
83
12
42
34
8
8,788
5,762
2,756
350
311
34
181
168
11
119
100
16
50
43
7
Stone, clay, and6 glass
Other durables
2,484
6,670
164
181
109
87
47
82
7
12
2,876
7,475
145
166
116
78
22
72
7
16
3,294
8,485
176
199
130
101
33
70
13
28
35,897
2,389
1,092
1,086
211
40, 411
2,391
1,167
953
272
45,751
2,583
1,323
1,014
246
4,820
1,022
3,371
7,205
172
29
239
565
75
13
105
236
75
8
103
286
22
8
31
42
5,085
1,031
4,835
8,407
148
31
297
440
51
21
133
203
84
10
124
184
13
1
40
53
5,410
1,182
5,958
9,081
150
36
300
476
51
23
135
218
83
12
125
205
15
1
40
53
15,560
1,751
2,168
1,294
58
32
611
40
11
586
12
17
98
7
4
16, 473
1,858
2,722
1,385
62
29
708
38
13
530
12
9
147
12
6
19, 068
2,029
3,023
1,536
58
27
844
39
13
565
14
10
127
6
5
85,444
2,974
1,649
1,128
197
98,070
3,166
1,812
1,171
183
106, 163
3,160
2,015
962
183
4,844
206
107
88
11
5,525
187
59
105
23
6,451
171
63
71
37
Railroad. ..
3,224
36
6
28
3
3,885
20
2
17
1
4,395
32
9
22
1
Air transportation
2,362
15
13
2
3,335
12
7
5
1
3,442
13
11
2
1
2,388
29, 165
24, 590
4,575
25
2,506
2,472
35
7
1,443
1, 431
12
14
908
887
21
4
156
154
2
2,974
33, 184
28, 191
4,993
24
2,763
2,715
49
11
1,653
1,636
18
11
975
950
25
2
135
129
6
3,408
34, 394
29, 226
5,168
40
2,702
2,658
44
20
1,817
1,795
22
15
781
761
20
5
104
102
2
43, 461
185
73
89
22
49, 167
160
79
59
22
54, 073
203
96
70
36
ManufacturingDurable goods
Nondurable goods
Food including beverage
Textiles _
Paper
Chemicals
Petroleum
Rubber
Other nondurables 6
Nonmanufacturing
Mining
Other transportation.
Public utilities
Electric
Gas and other. _
„ .
_
_ __
Communication, commercial, and other 7 _
(*)
*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 1978, on the survey conducted in
November and December 1978, for 1979 and planned 1980, on the survey conducted in November and December 1979.
3. Includes industries not shown separately.
4. Includes guided missiles and space vehicles.
5. Consists of fabricated metal, lumber, furniture, instruments, and miscellaneous.
6. Consists of apparel, tobacco, leather, and printing-publishing.
7. Consists of communication, trade, service, construction, finance, and insurance.
NOTE—Estimates for 1973-77 can be found in "Capital Expenditures by Business for
Pollution Abatement, 1973-77 and Planned 1978," SURVEY OF CURRENT BUSINESS, June
1978, pp. 33-38.
SUEVEY OF CUERENT BUSINESS
June 1980
9 percent; and electric utilities, 2
percent.
Industries that spent the most for
PA capital during the period 1973-79
are also those that have allocated the
largest share of new plant and equipment spending to PA (charts 7 and 8).
These industries—electric utilities,
petroleum, chemicals, paper, nonferrous
metals, and iron and steel—have accounted for approximately three-fourths
of all PA capital expenditures since
1973. In 1980, electric utilities plans to
spend the most for PA capital ($2.7
billion); iron and steel plans to allocate the largest share of total capital
spending to PA (19 percent).
21
Table 2.—New Plant and Equipment Expenditures by U.S. Business for Air and Water
Pollution Abatement by End-of-Line Methodsl
[Millions of dollars]
1978
Total
All industries .
1979
Air
Planned 1980
Water
Total
Air
Water
Total
Air
Water
5,047
2,755
2,292
5,262
3,127
2,135
5,810
3,758
2,052
2,925
1,541
1,384
2,909
1,697
1,212
3,327
2,010
1,318
1,200
728
472
1,197
760
436
1,453
946
507
Primary metals 2 _ _ _ _ _ _ _
Blast furnaces, steel works
Nonferrous metals
__
605
353
200
436
227
167
169
125
32
698
480
153
492
329
112
206
151
41
860
612
178
598
418
127
262
194
51
Electrical machinery _ _. __
Machinery, except electrical
100
89
21
48
79
41
89
66
18
30
71
37
97
75
36
34
62
41
118
102
14
48
40
6
71
61
8
113
93
18
58
50
8
55
44
10
163
142
19
95
87
8
68
55
11
146
141
100
75
46
66
116
115
97
66
19
49
129
128
100
83
29
45
1,725
Manufacturing
Durable goods..
__ _
Transportation equipment
Motor vehicles
Aircraft 3
2
Stone, clay, and glass
Other durables *
_
_
Nondurable goods
813
912
1,712
937
776
1,874
1,064
810
97
11
184
434
39
5
99
187
58
6
84
247
79
17
220
334
28
8
112
174
51
9
107
160
85
19
194
345
28
8
93
172
57
11
100
172
929
48
23
436
37
9
492
11
14
1,003
47
13
573
38
5
430
10
8
1,169
47
16
721
34
8
449
13
8
2,122
1,214
908
2,353
1,430
923
2,483
1,748
735
156
76
80
130
37
93
108
46
62
Railroad—-
30
4
26
19
2
17
31
9
22
Percent
Air transportation
14
12
2
10
6
4
12
11
2
30
Other transportation
11
4
7
15
7
8
21
12
9
1,794
1,778
16
1,072
1,063
9
722
715
7
2,082
2,054
29
1,327
1,315
13
755
739
16
2,190
2,162
28
1,599
1,584
15
591
578
12
117
46
72
97
51
46
122
72
50
CHART 9
New Plant and Equipment Expenditures
for Air, Water, and Solid Waste Pollution
Abatement: Change From Preceding
Year
Food including beverage
Textiles
_ _
Paper __
Chemicals
Petroleum
Rubber. _
Other nondurables
5
_
_ _ _ _
Nonmanufacturing
Mining
_
_ _ _ _r
Public utilities
Electric—
Gas and other
Communication, commercial, and other «. . .
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 1973-77 can be derived from the June 1978 SURVEY article (cited earlier) by subtracting changes-in-production-process expenditures (table 2) from total PA capital expenditures (table 1).
Table 3.—New Plant and Equipment Expenditures for Air, Water, and Solid Waste Pollution Abatement in Current and Constant Dollars with Implicit Price Deflators
1973
1974
1975
1976
1977
1978
1979
Planned
1980
Millions of dollars
Total
Air
_
Water
Solid waste
5,238
3,176
1,762
301
5,617
3,343
1,876
398
6,549
3,790
2,362
396
6,762
3,693
2, 743
462
6,939
3,593
2, 785
426
7,143
3,915
2,664
564
7,699
4, 530
2,604
566
4,264
2,226
1,736
302
13,994
2,194
1,491
309
23,915
2,327
1,306
283
162.4
163.6
160.1
166.4
i 178.9
178.5
178.7
182.4
2196.6
194.7
199.4
199.9
6,924
3,642
2,781
502
Millions of constant (1972) dollars
Total
Air
Water
Solid waste
5,003
3,060
1, 656
287
4,603
2,736
1, 535
333
4,844
2,769
1,781
294
4,754
2,493
1,960
302
4,568
2,397
1,868
303
Implicit price deflator
1974
75
76
77
78
*Planned
U.S. Department of Commerce, Bureau of Economic Analysis
80
Total
Air
Water
Solid waste
104.7
103.8
106.4
104.7
122.0
122.2
122.2
119.7
135.2
136.9
132.6
135.0
142.2
144.1
140.0
141.2
1. The implicit price deflators for 1979 are based on preliminary source data.
2. Price changes for 1980 are assumed to be the same as in 1979.
151.9
154.1
149.1
152. 0
SUEVEY OF CURRENT BUSINESS
22
June 1980
Price change and real spending
After adjustment for price change, 1980 plans reflect the 1982 deadline for
spending
for PA capital goods decreased reducing concentrations of particulate
Prices for PA capital goods, as
6
percent
in 1979 (chart 9). Real spend- matter, sulfur dioxide, and nitrogen
measured by the implicit price deflator
ing
for
air
PA decreased 1 percent, dioxide in air to levels that do not
shown in table 3, increased 10 percent
in 1979. Prices increased 9 percent for water decreased 14 percent, and solid endanger public health. The next major
deadline for water PA is set for 1984,
air PA capital goods, 12 percent for waste increased 2 percent.
Plans
for
1980
indicate
a
decrease
of
when
"best available technology ecowater, and 10 percent for solid waste.
2
percent
in
real
spending
for
PA
nomically
achievable" will be required
The implicit price deflators are based
capital
if
prices
increase
at
the
same
for
toxic
pollutants
and "best convenon components of Chemical Engineerrate
as
in
1979.
The
decrease
may
tional
pollutant
control
techno1 ogy"
ing's Plant Cost Index; Environmental
exceed 2 percent if planned spending will be required for conventional polProtection Agency's Large City Adexceeds actual spending. In 5 of the 6 lutants (e.g., suspended solids). The
vanced (Wastewater) Treatment Cost
years for which data are available, solid waste regulations that are exIndex; Whitman, Requardt and As- planned spending in current dollars
pected to be the most costly for business
sociates' Cost Index; Bureau of Labor was more than actual spending.
are those for hazardous wastes (e.g.,
Statistics' Producer Price Index; and
Real spending for air PA capital is toxic wastes). The final technical standindexes prepared by BEA. The selection indicated to increase 6 percent in 1980, ards governing the treatment, storage,
of indexes and the weights assigned largely offsetting decreases expected for and disposal of these wastes are scheddiffer for air, water, and solid waste. water and solid waste. It is likely that uled for release this fall.
Local Area Personal Income, 1973-78
PERSONAL income estimates for local areas are now available in the
nine-volume publication Local Area Personal Income, 1973-78. Estimates
are shown for personal income by type of payment and for labor and proprietors' income by major industry groups. Volume I presents estimates for
the United States, regions, States, Standard Metropolitan Statistical Areas
(SMSA's), and BEA economic areas. It also includes a detailed description
of the sources and methods used in preparing the estimates, county definitions
of SMSA's and economic areas, and samples of computer printout tables
available from the Regional Economic Information System. Volumes II-IX
present a summary methodology and detailed personal income estimates for
the States, counties, and SMSA's of a region. All volumes also contain
analytic tables, charts, and maps.
The following volumes are available individually from the Superintendent
of Documents, U.S. Government Printing Office, Washington, D.C. 20402:
VOLUME
STOCK NUMBER
PRICE
Volume I—Summary,,
Volume II—New England
Volume III—Mideast
Volume IV—Great Lakes
Volume V—Plains
Volume VI—Southeast
Volume VII—Southwest
Volume VIII—Rocky Mountains
Volume IX—Far West, including Alaska
and Hawaii
003-010-00066-0
003-010-00067-8
003-010-00068-6
003-010-00069-4
003-010-00070-8
003-010-00071-6
003-010-00072-4
003-010-00073-2
$6.00
$3.25
$3.75
$5.00
$5.50
$7.50
$4.25
$3.75
003-010-00074-1
$3.75
For additional information, contact the Regional Economic Information
System, Regional Economic Measurement Division, Bureau of Economic
Analysis, Washington, D.C. 20230.
By JOHN T. WOODWARD
CHART 10
Plant and Equipment Expenditures
Billions $ (Ratio Scale)
250
200
Plant and Equipment Expenditures,
the Four Quarters of 1980
ALL INDUSTRIES
150
100
80
60 i i 1 1 i i 1 1 i i 1 1 i i 1 1 1 1 i
60
50
1 t II M
I I I II
Mini
MANUFACTURING
40
Nondurables
30
Durables
20
15
10
70
i | i i i I i i i I i M I i i I I I I I I I I I I I I 11 I I i I i I I Ii
COMMUNICATION AND COMMERCIAL
60
50
40
30
20
40
I I I I I I I I I I I I I I I I I I I I I 1I I I I 1I M I I M I I I I I I I I I
PUBLIC UTILITIES
30
20
15
10 i i i I i i 1 1 i i i I i i i I i i i I i I 1 1 i i i I 1 1 i I i 1 1 I i i i I i 1 1
14 -TRANSPORTATION INCLUDING RAILROAD
12
10
8
1970
'72
'74
'76
Seasonally Adjusted at Annual Rates
o Planned
U.S. Department of Commerce, Bureau of Economic Analysis
'78
'80
BUSINESS plans to spend $194.6
billion for new plant and equipment in
1980, 9.9 percent more than in 1979.
according to the BEA survey conducted
in late April and May (table 1 and
chart 10).1 Spending in 1979 was $177.1
billion, 15.1 percent more than in 1978.
The planned spending increase for
1980 reported in the latest survey is 1.2
percentage points lower than that
reported in March. The downward
revision is in both manufacturing and
nonmanufacturing, but is larger in
nonmanufacturing. In the latter, the
largest percentage downward revisions
are in the transportation and electric
utility industries. In manufacturing,
the largest downward revisions are in
durable goods industries—motor vehicles, nonferrous metals, electrical
machinery, and stone-clay-glass. Sizable
upward revisions occurred in iron and
steel and in several nondurables industries—textiles, chemicals, petroleum, and "other nondurables."
Neither plans nor actual spending
reported in the survey are adjusted for
price change. Capital goods prices, as
measured by the implicit deflator for
fixed nonresidential investment in the
national income and product accounts,
increased 8% percent in 1979 and at
about that same rate in the first quarter
of 1980. If the latest spending plans
reported by business reflect similar
price increases for the remainder of
this year, the survey results imply that
business plans an increase in real
1. Plans have been adjusted for biases (table 5, footnote 2).
The adjustments were calculated for each industry. Before
adjustment, plans for 1980 were $91.95 billion for manufacturing and $104.44 billion for nonmanufacturing. The net effect
of the adjustments was to lower manufacturing $2.40 billion
and to raise nonmanufacturing $0.64 billion.
spending of about 1 percent. Real
spending increased about 6 percent
in 1979.
Capital spending in the first quarter
of 1980 increased 2.4 percent to a
seasonally adjusted annual rate of
$191.4 billion, following a 4.2-percent
increase in the fourth quarter of 1979.
The first-quarter increase was in both
manufacturing and nonmanufacturing.
Second-quarter planned spending is
about the same as actual spending in
the first, with neither manufacturing
Table 1.—Expenditures for New Plant and
Equipment by U.S. Business: Percent
Change From Preceding Year
1979
actual
All industries
15.1
16.7
Manufacturing
Durable goods
..
Primary metals 2
Blast furnaces, steel works.
Nonferrous metals... _.
Electrical machinery
Machinery, except electrical2 _.
Transportation equipment _.
Motor vehicles
Aircraft
Stone, clay, and glass
O ther durables
Nondurable goods .
Food including beverage
Textile
Paper
Chemical
Petroleum
Rubber
Other nondurables _ .
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation. .
Public utilities
Electric
Gas and other .
Communication
Commercial and other
..
1980 Planned as
reported in: i
March
11.1
14.3
June
9.9
13.5
20.7
16.8
12.8
11.9
20.9
6.4
29.7
33.6
21.1
15.1
38.7
18.8
11.5
16.2
18.8
19.6
26.7
13.4
22.0
19.2
30.7
3.5
13.9
15.7
24.8
11.7
18.0
11.7
15.3
11.4
31.3
-2.8
11.2
13.1
12.0
14.1
3.9
2.1
40.8
20.5
7.2
2.9
21.2
4.2
-4.1
23.2
8.4
16.3
-3.3
7.3
4.4
8.2
23.8
11.6
17.5
-4.8
17.5
13.9
8.6
7.0
16.4
18.3
40.8
21.5
10.5
10.9
7.9
13.2
14.2
11.5
9.1
19.6
22.0
3.5
2.4
9.8
8.0
11.3
11.1
.8
16.3
8.8
1.1
-1.1
13.0
9.5
10.7
1. Surveys are conducted in the month prior to the month
in which figures are reported.
2. Includes industries not shown separately.
23
SURVEY OF CURRENT BUSINESS
24
nor nonmamif acturing planning significant changes. The third-quarter planned
increase of 2.4 percent is primarily in
manufacturing. In the fourth quarter,
the planned increase, 2 percent, is in
both manufacturing and nonmanufacturing, with a larger increase in the
latter.
Actual spending in the first quarter
was about 1 percent higher than planned
spending reported in March. Planned
spending in the second quarter is about
IK percent lower than reported in
CHART 11
Starts and Carryover of Investment
Projects
Billion $ (Ratio scale)
80
-MANUFACTURING
60
40
Carryover*
30
June 1980
March and planned spending for the
second half is about 2 percent lower.
Past experience indicates that the
review and modification of investment
plans by business in response to changing economic conditions may require
several months. Accordingly, developments in the second quarter—the sharp
declines in production and sales as well
as the descent from record high interest
rates, which are reviewed in the "Business Situation" article—would not have
been taken into account in the latest
reports of investment plans.
7 percent in the last three quarters of
1979. A decline of one-half of 1 percent
is planned for the second quarter and
increases of 5 percent and 1 percent
are planned in the third and fourth
quarters. The second-quarter decline is
in both durables and nondurables, as
are the planned third- and fourthquarter increases, but the increases are
stronger in nondurables.
For the year 1980, a spending increase
of 13K percent is planned; durables and
nondurables contribute about equally.
In durables, the largest increases are in
aircraft (31 percent), iron and steel (25
percent), and electrical machinery (18
percent). In nondurables, the largest
Manufacturing Programs
increases are in paper (24 percent),
Manufacturers reported a first-quarter petroleum (17% percent), and "other
increase in spending of 2% percent, nondurables" (17K percent). Increases
to a seasonally adjusted annual rate of between 11 and 12 percent are planned
$87.3 billion. This increase, which was by nonferrous metals, nonelectrical
in both durable and nondurable goods machinery, motor vehicles, chemicals,
industries, followed increases of 5 to and "other durables."
20
Table 2.—Starts and Carryover of Plant and Equipment Projects, Manufacturing and
Public Utilities
10
8
[Billions of dollars]
Expenditures
4
200
Carryover 3
Starts i
6
1977
1978
1979
1979
PUBLIC UTfLiTiES
I
II
III
IV
I
1980
1979
1980
March June
Sept.
Dec.
March
150
Manufacturing. .. _
100
80
Carryover*
60
40
30
66.73 72.44 87.30 21.43 20.32 20.33 25.23 25.11
53.08
54.32
54.53
55.92
62.03
Durable goods 3.
Primary-metals,. ,, ,
Electrical machinery
Machinery, except electrical.
Transportation equipment *.
Stone, clay, and glass
30.43 34.92 42.38 10.26 10.65 10.47 11.00 10.95
5.43 6.02 7.59 2.00 2.00 1.65 1.94 2.07
3.62 4.26 5.64 1.31 1.36 1.46 1.51 1.36
6.19 6.79 9.53 2.19 2.48 2.45 2.41 2.28
6.32 7.82 9.04
2.03 2.39 2.26 2.35 2.18
.52
2.33 3.17 2.48
.91
.91
.48 .58
24.45
6.83
2.74
4.03
4.99
2.42
25.93
7.33
2.97
4.43
5.50
2.17
26.55
7.30
3.12
4.68
5.65
2.01
25.87
7.11
2.85
4.56
5.81
1.69
27.59
7.64
2.90
4.87
6.05
1.95
Nondurable goods 3
Food including beverage
Textiles .
Paper
Chemicals . . . .
Petroleum
36.30 37.52 44.92 11.16 9.67 9.86 14.23 14.16
4.41 4.96 5.68 1.53 1.34 1.06 1.75
.89
.32
.96 1.05 1.14
.24
.28
.30
.29
4.14 3.38 6.06 1.53 1.65 1.38 1.50 1.91
6.98 7.04 9.73 2.06 2.11 2.86 2.70 3.22
16.04 16.57 17.60 4.81 3.00 2.80 6.99 6.63
28.63 28.39 27.99 30.05
3.26
2.99
2.86
3.04
.49
.41
.42
.47
3.98
3.41 3.91 4.04
6.54
7.23 7.27
6.50
10.72 12.62
12.99 12.09
34.44
3.04
.52
4.63
8.35
15.27
121.60 115.86 113.69 109.43
118.96
Public utilities
32.54 34.93 21.70
8.36
2.72
6.11
4.50 17.19
20
Seasonally adjusted
Starts of Prefects
Manufacturing .
72
74
76
Seasonally Adjusted
* Carryover as of end of period
U.S. Department of Commerce, Bureau of Economic Analysis
78
80
52 89
53 34
57.57
61.26
10.53
1.54
1 45
2.49
2.33
24.31
6.72
2.66
4.02
4.97
2.46
25.58 26.18 26.82
7.33 7.25 7.22
2.93 3.08 3.02
4.34
4.61 4.71
5.52
5.34
6.09
2.15
1.98 1.73
27.39
7.59
2.83
4.86
6.13
1.92
.26
33.87
3.00
.51
4.56
8.36
14.77
115.16
10.48
2.04
1.36
2.26
1.91
1 00
Nondurable goods 3
Food including beverage
Textiles..
Paper
Chemicals
Petroleum
11.50
1.66
Public utilities
1970
21 98 19 56 20 87 24 71 25 52
Durable goods 3.
Primary metals
Electrical machinery
Machinery, except electricalTransportation equipment *.
Stone, clay, and glass
10.48
2.15
1 46
2.42
2.16
44
58
10.97
1.79
1 38
2.37
2.67
48
11.14
2.25
1 41
2.33
2.18
.92
54.16
1.51
2.21
4.90
1.73
1.90
2.76
1.36
2.81
3.29
1.34
2.77
6.58
1.99
3.32
6.51
28.58 27.76 27.98 30.75
3.04
3.04
2.81 3.27
.51
.41
.48
.41
4.02 4.05
3.89
3.36
7.05
7.50
6.61 6.42
12.87 11.73 10.93 12.85
3.27
5.75
8.00
4.13 12.20
118.29 115.63 115.30 111.55
.24
9.07 10.34 13.74 14.38
.92 1.74 1.00
1.34
.26
.33
.32
1. Starts are estimated by adding changes in carryover to expenditures during the given period.
2. Carryover refers to expenditures yet to be incurred on plant and equipment projects already underway at the end of the
period.
3. Includes industries not shown separately.
4. Includes guided missiles and space vehicles.
SUEVEY OF CUERENT BUSINESS
June 1980
1H CHART 12
25
••••••••1
Manufacturers' Capacity Utilization Rates
by Major Industry Groups
CHART 13
Manufacturers' Evaluation of Plant and
Equipment Facilities*
Percent
92
ALL MANUFACTURERS
88
Percent of Capital Assets Held by Respondents
Reporting—
60 '
84
50
80
40
76
30
72
92
20
88
80
CAPACITY ADEQUATE
84
70
80
60
76
72
50
92
40
88
Primary-Processed
84
20
80
10
76
CAPACITY EXCEEDS NEEDS
0
72
72
1970
72
74
76
78
Seasonally Adjusted
U.S. Department of Commerce, Bureau of Economic Analysis
1970
80
74
76
78
80
* Relative to prospective operations during the ensuing 12-month period.
U.S. Department of Commerce, Bureau of Economic Analysis
so-e-i-
Table 3.—Manufacturers' Capacity Utilization Rates: Operating Rates and Ratios of Operating to Preferred Rates
1
[Seasonally adjusted]
Ratios of operating to preferred rates
Operating rates (percent)
June
All manufacturing
Asset size:
$100.0 million and over
$10 0 to $99 9 million
Under $10 0 million
.
Durable goods 2
Asset size:
$100 0 million and over
$10.0 to $99.9 million
Under $10 0 million
Primary metals
Electrical machinery
Machinery, except electrical
Transportation equipment 3
Motor vehicles
__
Aircraft
Stone clay and class
_
Nondurable goods ^
Asset size:
$100 0 million and over
$10 0 to $99 9 million
Under $10 0 million
Food including beverage
Textiles
Paper
_
Chemicals
Petroleum
Rubber
5
Primary-processed goods „
Advanced-processed goods ®
-_
_
_
Sept.
Dec.
March
June
March
June
Sept.
0.90
0.88
Dec.
0.90
March
0.90
Dec.
June
Sept.
0.89
0.87
0.86
March
0.86
84
83
84
84
83
82
81
80
87
81
77
85
81
77
87
81
77
87
82
76
86
81
76
84
81
75
82
81
75
82
79
74
.92
.87
.85
.90
.87
.83
.92
.88
.84
.92
.88
.83
.91
.87
.83
.88
.87
.82
.87
.88
.82
.87
.85
.80
85
83
85
85
84
82
80
80
.90
.88
.90
.90
.88
.86
.85
.84
88
80
77
86
80
76
88
81
78
88
81
75
87
79
76
84
79
75
81
79
75
82
77
73
.92
.86
.83
.90
.86
.83
.91
.87
.85
.92
.86
.81
.91
.85
.82
.87
.85
.82
.85
.86
.82
.86
.83
.79
86
83
91
87
97
70
81
86
82
90
82
90
69
80
86
82
92
87
96
72
84
87
84
92
87
96
74
78
87
82
92
83
89
75
82
83
82
91
78
78
77
79
80
81
89
74
72
77
83
82
82
91
74
70
79
75
.91
.91
.96
.87
.94
.75
.87
.91
.91
.95
.82
.87
.74
.86
.92
.91
.98
.87
.93
.77
.91
.92
.93
.97
.88
.92
.80
.84
.93
.90
.97
.84
.86
.82
.88
.88
.90
.96
.79
.76
.83
.85
.85
.89
.94
.76
.71
.84
.90
.87
.90
.96
.76
.69
.85
.81
82
82
83
83
82
82
82
81
.89
.88
.89
.89
.89
.88
.88
.87
85
82
77
84
82
77
86
81
77
86
82
78
85
83
76
85
83
75
84
84
75
83
82
75
.91
.88
.87
.90
.88
.83
.92
.88
.84
.92
.89
.84
.91
.89
.84
.91
.89
.82
.90
.90
.82
.89
.88
.82
78
83
90
80
90
84
79
85
87
79
91
85
79
85
89
83
91
84
79
85
91
83
89
87
81
82
91
82
88
76
78
83
92
83
88
76
79
82
91
83
86
70
77
82
88
82
85
72
.89
.87
.93
.87
.93
.89
.86
.88
.90
.87
.94
.89
.87
.88
.92
.91
.93
.89
.86
.89
.94
.91
.92
.92
.90
.86
.94
.90
.92
.80
.87
.85
.96
.91
.90
.81
.87
.85
.95
.91
.88
.75
.85
.86
.91
.89
.88
.77
84
84
84
82
85
84
85
84
84
83
83
81
83
80
81
80
.90
.90
.89
.87
.90
.89
.90
.89
.89
.88
.88
.86
.87
.85
.86
.85
1. Thesurve^
for the last mon
weighted averages
. „
ity, 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.
321-149 0 -• 80 - 4
Dec.
Sept.
1980
1979
1978
1980
1979
1978
Industry and asset size
I
4. Also includes tobacco, apparel, printing-publishing, and leather.
5. Consists of lumber; stone, clay, and glass; primary metals; fabricated metals; textiles;
paper; chemicals (at ^weight); petroleum; and rubber.
6. Consists of furniture, electrical machinery, machinery except electrical, motor vehicles,
aircraft, other transportation equipment, instruments, food including beverage, tobacco,
apparel, printing-publishing, chemicals (at H weight), leather, and miscellaneous.
SUEVEY OF CURRENT BUSINESS
26
Table 4.—Manufacturers* Evaluation of Their Plant and Equipment Facilities
1
[Percent distribution of gross capital assets]
1980
1979
1978
June 30 Sept. 30 Dec. 31 Mar. 31 June 30 Sept. 30 Dec. 31 Mar. 31
More plant and equipment needed:
All manufacturing2
Durable goods
Primary metals 3
Metal fabricators _
Nondurable goods 2
Food including beverage
Chemicals
Petroleum
_ _ _ _ _
32
33
25
36
32
34
44
34
33
34
25
37
33
35
45
36
35
35
26
38
35
32
45
39
34
34
19
40
35
31
41
42
34
35
18
44
34
32
43
39
34
36
21
45
33
30
43
39
35
36
23
44
34
33
44
40
34
33
22
43
34
32
49
39
58
54
54
56
62
58
44
66
59
56
59
56
61
58
43
64
58
57
62
56
59
60
44
61
61
60
71
56
62
62
57
56
61
58
74
50
63
59
54
61
61
57
71
49
64
61
55
61
60
57
69
49
63
58
55
60
60
58
70
48
62
59
49
61
June 1980
Manufacturing companies owning 34
percent of fixed assets reported a need
for more facilities at the end of March,
1 point below the percentage reported
at the end of December (table 4 and
chart 13). Facilities viewed as about
adequate remained at 60 percent, and
facilities viewed as in excess of needs
rose 1 point, to 6 percent.
About adequate:
All manufacturing2
Durable goods
Primary metals
_ _ _
Metal fabricators 3
Nondurable goods 2 . _
Food including beverage
Chemicals
Petroleum
_
Existing plant and equipment exceeds needs:
NONMANUFACTURING
PROGRAMS
Spending by nonmanufacturing industries increased 2 percent from the
fourth to the first quarter, to a seasonally adjusted annual rate of $104 billion,
following similar moderate increases in
o
the last three quarters of 1979. Non1. According to respondent companies' characterizations of their plant and equipment facilities, taking into account
manufacturers do not plan to increase
their current and prospective sales for the next 12 months.
2. Includes industries not shown separately.
spending in the second quarter and plan
3. Includes machinery, transportation equipment, and fabricated metals.
one-half of 1 percent and 2%-percent
increases in the third and fourth
quarters.
Starts and carryover of projects
88 percent, and food-beverage declined
For the year 1980, plans call for
2
points,
to
77
percent.
Chemicals
and
spending
totaling $105.1 billion, 7 perThe value of manufacturing projects
petroleum
each
declined
1
point,
to
82
cent
more
than last year. The largest
started in the first quarter of 1980
and
85
percent,
respectively.
Rubber
increases
are
planned by air transportatotaled $25.5 billion (seasonally adincreased
2
points,
to
72
percent,
after
tion,
16
percent,
and gas utilities, 13
justed), a 3%-percent increase from the
dropping
6
points
from
September
to
percent.
Mining
and
commercial firms
fourth quarter of 1979 (table 2 and
December.
The
rate
for
durable
goods
plan
increases
of
about
11 percent.
chart 11). Sizable increases in the
was
unchanged
at
80
percent,
reflecting
Communications
and
"other
transporprimary metals, stone-clay-glass, paper,
offsetting
changes
among
the
major
tation"
plan
9to
9K-percent
increases;
and chemical industries were partly
offset by decreases in the transportation industries. Increases of 2 points were in the latter group, pipelines and water
equipment and food-beverage industries. reported by primary metals (to 82 carriers account for most of the increase.
Because the value of projects started percent), nonelectrical machinery (to Railroads plan only a small increase in
in the first quarter exceeded expendi- 91 percent), and aircraft (to 79 percent). contrast to their 18-percent increase
tures, carryover in manufacturing in- Electrical machinery increased 1 point, last year. Electric utilities plan a 1creased. At the end of March, carryover to 82 percent. Stone-clay-glass declined percent decline.
Electric and gas utilities started new
totaled $61.3 billion, $3.7 billion higher 8 points, to 75 percent. Motor vehicles
declined 2 points, to 70 percent—26 investment proj ects totaling $12.2 billion
than at the end of December.
points below the previous March
in the first quarter, compared with $4.1
Capacity utilisation
Primary-processed goods industries billion in the fourth quarter of 1979.
The utilization of manufacturing reported a utilization rate of 81 percent Carryover of utility projects was $115.2
capacity was 80 percent in March; 1 in March, 2 points below December. billion at the end of March, $3.6 billion
point below the rate in December 1979 Advanced-processed goods industries higher than at the end of December.
and the fourth consecutive 1-point reported 80 percent, unchanged from Stretch-outs of utility projects are
December.
decline (table 3 and chart 12).
sometimes accompanied by upward
The utilization rate reported by revisions in cost estimates; these reviThe decline in the utilization rate
from December to March was in non- large-sized firms was 82 percent, un- sions are reflected in the estimates as
durable goods; the overall rate for these changed from December. The rate for increases in starts and carryover. The
industries in March was 81 percent, 1 medium-sized firms declined 2 points to first-quarter increases in starts and
point below December. Paper declined 79 percent, and for small-sized firms, 1 carryover are partly accounted for by
3 points from December to March, to point to 74 percent.
revisions in estimated costs.
All manufacturing
Durable goods 2
Primary metals
Metal fabricators 3
Nondurable goods 2
Food including beverage
Chemicals
Petroleum _
10
13
21
8
6
8
12
8
10
16
7
6
7
12
0
7
8
12
6
6
8
11
0
5
6
10
4
3
7
2
2
5
7
8
6
3
9
3
0
5
7
8
6
3
9
2
0
5
7
8
7
3
9
1
0
6
9
8
9
4
9
2
0
SURVEY OF CUKKENT BUSINESS
June 1980
27
Table 5.-—Expenditures for New Plant and Equipment by U.S. Business
]
[Billions of dollars]
Seasonally unadjusted
1978
1979
1980
2
IVfanuiacturing
Durable goods
1979
1980
1979
I
II
III
IV
I
112
III 2
IV 2
I
II
1980
III
IV
I
112
III 2
IV 2
37.41
43.69
44.68
51.30
42.82
48.13
48.75
54.93 165.94 173.48 179.33 186.95 191.36 191.00 195.54
67.62
78.92
89.55
15.88
19.08
20.11
23.84
19.00
21.66
22.85
26.04
71.56
76.42
80.22
85.19
87.32
86.82
90.97
92.14
31.66
38.23
43.11
7.53
9.17
9.85
11.68
9.23
10.44
10.97
12.47
34.00
36.86
39.72
41.30
42.30
42.18
43.70
44.06
153.82 177.09 194.63
All industries
Seasonally adjusted at annual rates
199. 41
Primary metals '
Blast furnaces steel works
Nonferrous metals
5.87
2.46
2.45
6.57
2.97
2.61
7.60
3.71
2.91
1.26
.47
.57
1.50
.65
.64
1.67
.79
.60
2.14
1.06
.80
1.54
.72
.61
1.86
.90
.71
1.92
.93
.73
2.28
1.16
.87
5.84
2.29
2.53
6.14
2.67
2.57
6.47
3.10
2.36
7.32
3.51
2.80
7.52
3.64
2.89
7.62
3.70
2.86
7.46
3.63
2.93
7.68
3.79
2.90
Electrical machinery
Machinery except electrical
3.98
6.29
5.17
8.41
6.10
9.39
.95
1.60
1.14
2.08
1.31
2.19
1.78
2.54
1.31
1.97
1.37
2.20
1.54
2.36
1.87
2.86
4.58
7.19
4.74
8.42
5.21
8.88
5.79
9.09
6.42
8.71
5.82
8.91
6.09
9.42
6.07
10.45
Transportation equipment 3
Motor vehicles.
Aircraft 4
6.40
4.65
1.51
7.75
5.36
2.10
8.94
5.96
2.76
1.56
1.12
.37
1.88
1.34
.47
2.11
1.46
.58
2.20
1.44
.68
1.93
1.27
.60
2.27
1.50
.72
2.38
1.58
.75
2.35
1.62
.69
6.86
4.85
1.68
7.16
5.05
1.84
8.58
6.10
2.22
8.44
5.52
2.59
8.57
5.61
2.70
8.83
5.69
2.92
9.47
6.42
2.85
8.89
6.19
2.52
Stone clay and6 glass
Other durables
2.46
6.65
2.92
7.41
2.84
8.24
.63
1.54
.73
1.85
.73
1.84
.84
2.19
.64
1.84
.71
2.02
.70
2.07
.79
2.31
2.81
6.72
2.96
7.43
3.02
7.55
2.92
7.74
2.88
8.21
2.87
8.13
2.83
8.42
2.82
8.16
35.96
40.69
46.45
8.35
9.92
12.17
9.77
11.22
11.88
13.57
37.56
39.56
40.50
43.88
44.64
47.28
48.07
4.87
1.04
3.46
7.10
5.06
1.06
4.88
8.56
5.29
1.15
6.04
9.55
1.13
.24
.92
1.66
1.39
.26
1.14
2.07
1.20
.27
1.26
2.17
1.34
.28
1.56
2.67
1.11
.25
1.26
2.14
1.37
.27
1.44
2.33
1.38
.30
1.53
2.34
1.43
.33
1.81
2.74
5.17
1.00
4.20
7.33
5.36
1.05
4.80
8.32
4.61
1.04
4.91
8.73
5.10
1.15
5.23
9.27
5.10
1.06
5.91
9.86
5.12
1.06
5.97
9.39
5.56
1.15
6.00
9.44
5.26
1.34
6.10
9.40
15.50
1.75
2.24
16.62
1.80
2.71
19.53
1.71
3.18
3.46
.40
.53
3.90
.47
.68
4.17
.47
.73
5.09
.46
.77
3.97
.36
.68
4.64
.41
.76
5.07
.44
.83
5.85
.50
.92
15.62
1.85
2.38
15.64
1.76
2.64
16.32
1.88
3.00
18.66
1.71
2.76
18.34
1.67
3.08
18.60
1.57
2.94
20.08
1.73
3.32
20.74
1.91
3.32
86.19
98.17 105.08
99.12 101.76 104. 04 104. 18 104.56
107.27
Nondurables goods
Food including beverage
Textiles
Paper
._
Chemicals
Petroleum
Rubber
Other nondurables *
10.26
45.01
21.53
24.61
24.57
27.46
23.82
26.47
25.90
28.88
94.38
97.06
Mining
4.78
5.56
6.18
1.31
1.36
1.38
1.52
1.42
1.71
1.50
1.55
5.46
5.31
5.42
6.06
6.02
6.72
5.88
6.14
Railroad
3.32
3.93
3.96
.85
.97
1.01
1.10
.98
.98
.90
1.09
4.02
3.66
4.03
4.20
4.40
3.80
3.58
4.16
Air transportation
2.30
3.24
3.77
.65
.96
.73
.90
.68
1.28
.93
.88
3.35
3.26
3.10
3.39
2.98
4.33
4.23
3.47
Other transportation
2 A3
2.95
3.22
.57
.73
.78
.87
.64
.80
.79
.98
2.71
2.79
3.16
3.15
2.94
3.03
3.17
3.58
29.48
24.79
4.70
32.56
27.50
5.07
32.94
27.21
5.73
7.16
6.30
.86
8.36
7.10
1.26
8.29
6.88
1.40
8.76
7.21
1.55
7.66
6.62
1.04
8.24
6.91
1.33
8.19
6.60
1.58
8.85
7.08
1.77
32.35
27.70
4.66
33.24
28.06
5.18
33.33
28.32
5.01
31.52
26.02
5.50
34.35
28.78
5.57
32.87
27.43
5.44
32.71
27.02
5.69
32.16
25.98
6.19
18.16
20.56
22.51
4.36
5.10
5.10
6.00
5.10
22.71
22.48
6.64
7.12
7.28
8.31
7.33
15.54
20.41
32.51
13.59
20.29
29.35
Il3.46
J18.75
25.71
127.73
28.51
29.66
30.72
30.86
153. 43
55.00
57.76
Nonmanufacturing
Public utilities
Electric
Gas and other
CoTTVmunication
Commercial and other 7
. ...
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 1980. The estimates for 1980 have been corrected for biases. The adjustment procedures are described in the February 1970 issue of the SURVEY. Before adjustment, plans
were $196.39 billion for all industries, $91.95 billion for manufacturing, and $104.44 billion for
nonrnanufacturing.
3.
4.
5.
6.
7
Includes industries not shown separately.
Includes guided missiles and space vehicles.
Consists of fabricated metals, lumber, furniture, instruments, and miscellaneous.
Consists of apparel, tobacco, leather, and printing-publishing.
Consists of trade, service, construction, finance, and insurance.
By ANTHONY J. DiLULLO
U.S. International Transactions,
First Quarter 1980
jr\. large decrease in foreign official
assets in the United States, reflecting
intervention sales of dollars in exchange
markets by several foreign monetary
authorities, and a large increase in
other foreign assets in the United States,
mostly related to a shift to net inflows
for bank-reported transactions, highlighted U.S. international transactions
in the first quarter. Heavy U.S. demand
for funds and record-high U.S. interest
rates contributed to these changes.
Among other first-quarter developments, there was an increase in U.S.
official reserve assets; an increase in
net foreign purchases of U.S. stocks to a
quarterly record; and a widening of the
current-account deficit, mostly due to
an increase in the merchandise trade
deficit. Unrecorded net inflows, indicated by the statistical discrepancy,
remained very large—$8.2 billion, after
$11.3 billion in the fourth quarter. The
sharp rise in U.S. interest rates and
substantial appreciation of the dollar
in exchange markets may have been
factors in the inflows.
U.S. dollar in exchange markets
After near stability in the first half
of the quarter, the dollar appreciated
substantially in exchange markets,
largely due to the sharper rise in U.S.
than in foreign interest rates. From
the end of December 1979 to the end of
March 1980, the dollar appreciated 16
percent against the Swiss franc; 12
percent against the German mark,
Italian lira, and Netherlands guilder; 11
percent against the French franc; 4
percent against the Japanese yen; 3
percent against the British pound; and
2 percent against the Canadian dollar
(table C, chart 14).
The appreciation occurred despite
substantial intervention in exchange
markets by U.S. and foreign monetary
authorities, and actions by several
foreign monetary authorities to increase
interest rates and ease exchange controls. U.S. authorities purchased large
amounts of foreign currencies during
the quarter, particularly German marks.
Merchandise trade
The merchandise trade balance was in
deficit by $10.9 billion. The deficit was
$1.7 billion more than in the fourth
quarter and the largest since the $11.1
billion deficit in the first quarter of 1978.
Imports increased $6.1 billion, or 10
percent, to $65.6 billion. Higher prices,
especially for petroleum and metals,
accounted for more than one-half the
increase; volume increased 3 percent.
Petroleum imports, including imports
Table A.—-Summary of U.S. International Transactions
[Millions of dollars, seasonally adjusted]
Line
Lines in tables 1, 2, and 10 in which transactions are
included are indicated in ( )
1 Exports of goods and services (1)
2
Merchandise, excluding military (2)
3
Other goods and services (3-15)
1979
221, 036
142, 054
78, 982
286, 508
182, 055
104, 453
49, 319
30, 922
18, 397
-230, 240 —281, 630
- -- -175,813 —211, 524
—54, 427 -70, 106
—54, 288
—42, 063
-12,225
—
4
5
6
Imports of goods and services (17)
Merchandise, excluding military (18)
Other goods and services (19-31)
7
U.S. Government grants (excluding military grants
of goods and services) (34)
Remittances, pensions and other transfers (35, 36).—
8
9
10
11
12
13
-
1978
1978
U.S. assets abroad, net (increase/capital outflow
(_)) (37)
_ _
U.S. official reserve assets net (38)
U.S. Government assets, other than official reserve
assets net (43)
U.S. private assets, net (47)
- -
I
III
IV
54,156
35 404
18, 752
56, 432
36 828
19,604
61, 131
38 900
22, 231
65 667
41 805
23, 862
—56 951
—43, 699
-13, 252
—58 365
—44, 336
-14, 029
—60 638
—45, 715
-14,923
—62 935
—46 919
-16, 016
II
-773
-431
-3, 171
-1,884
—3, 524
-2, 142
-61, 191
732
-61, 748
-1, 107
-15,048
-4,644
-57, 279
—3,783
-56, 858
1979
—831
-476
-772
-461
—795
-518
I
-860
-464
IV
67, 763
42 815
24, 948
74, 773
47 198
27, 575
78,305
50 237
28,068
85,325
54 708
30, 617
7,020
4,471
2,549
—67 873
—50,885
-16,988
—72 267
—54, 258
—18, 009
—78 555
—59, 462
-19,093
—86 016
—65 583
-20, 433
-7, 461
-6, 121
-1,340
—878
-529
—887
-665
—1,312
-564
-425
101
-899
-484
—5, 749
-9,977
-30, 418
182
-7, 768
-3,585
-15,279
343
-25, 215
2,779
-13, 487
-644
-11,817
-3,246
1,670
-2, 602
-1,009
-14,226
-1,257
-4, 740
-1,386
-8,706
-991
-29,609
-1, 102
-3, 081
-991
-14,631
-766
-27, 228
-925
-11,918
-1,461
—7, 110
-536
4,808
24, 941
5,789
19, 152
4,025
-1,221
5,246
5,016
-7,765
12, 781
-6,544
7,535
-825
11,264
1,152
8,215
1,152
-3,049
187
248
115
Foreign assets in the United States, net (increase/
capital inflow (-(-)) (56)
Foreign official assets net (57)
Other foreign assets, net (64)
64,096
33,293
30,804
37, 575
-14,271
51,845
18,204
15, 422
2,783
-5, 273
6,049
775
17,069
4,777
12,292
28,048
18,368
9,680
2,201
—8, 744
10, 945
6,407
-10, 095
16, 502
16
17
Allocations of special drawing rights (74)
Statistical discrepancy (75) _
11, 354
1,139
23,822
3,015
9,076
-3, 926
3,190
1,139
3,020
10,364
28
IP
Change:
1979: IV1980: I
III
II
14
15
p Preliminary.
1980
991
June 1980
into the Virgin Islands, increased $2.8
billion, or 15 percent, to $21.6 billion.
Higher prices more than accounted for
the increase. The average price per
barrel increased 18 percent to $28.06,
up from $23.68. The average number
of barrels imported daily declined 4
percent, to 8.42 million, reflecting rising
inventories and declining consumption.
At the end of March, crude petroleum
inventories were at a record high. The
decline in consumption was related to
U.S. conservation efforts, the 50-percent
rise n gasoline prices during 1979 and
early 1980, and a slowing in the rate of
U.S. economic growth.
Nonpetroleum imports increased $3.4
billion, or 8 percent, to $44 billion;
volume increased 4 percent. Nonferrous
metals, up $1.2 billion, showed the
largest increase, reflecting the sharp
run-up in metal prices during the first
2 months of the quarter. Other large
increases were in capital goods, up $0.8
billion, and automotive products from
areas other than Canada, up $0.3 billion. The increase in automotive imports from areas other than Canada
reflected continued strength in sales of
foreign autos. In the first quarter, these
sales increased 20 percent, compared
with an increase of 7 percent for domestic cars, and accounted for 26 percent of total auto sales.
Exports increased $4.5 billion, or 9
percent, to $54.7 billion; volume increased 7 percent. Agricultural exports,
at $10.4 billion, were unchanged both
in value and volume. The decline of
50 percent, or $0.9 billion, in agricultural exports to Eastern Europe—
principally because of the partial embargo on shipments of grain and soybeans to the Soviet Union announced
on January 4—was offset by increased
shipments to Western Europe, Latin
America, and other countries.
Nonagricultural exports increased
$4.5 billion, or 11 percent, to $44.3
billion, partly the result of the sharp
rise in silver prices during the quarter.
Volume increased 9 percent. The largest
increase was in consumer goods, up
$1.3 billion. Within this category, exports of numismatic coins increased
$0.8 billion. Most of these coins, which
were predominantly silver, were ap-
SURVEY OF CURRENT BUSINESS
parently shipped to metal refineries in
Western Europe rather than to traditional coin dealers. Other increases
were in machinery and civilian aircraft,
each up $0.8 billion, and silver metal,
up $0.6 billion.
U.S. trade with most areas increased
in the first quarter. The major exception
was in trade with Eastern Europe,
where U.S. exports, mainly to the
Soviet Union, declined about $1 billion,
as a result of the U.S. embargo.
Imports from Eastern Europe also
declined. Among the developed countries, imports from Canada and Japan
increased more than exports. In contrast, U.S. exports to Western Europe
increased more than imports. Imports
increased far more than exports to
members of OPEC, in large part reflecting first-quarter price increases in
petroleum.
29
Mexico. Continued high border area
payments in the two countries reflected
crossings, mainly by U.S. border residents, to purchase lower priced Canadian and Mexican gasoline.
A slight increase in passenger fare
receipts and payments resulted from an
increase in the number of overseas
travelers to and from the United States.
Other transportation receipts and payments each increased about $0.1 billion,
reflecting slightly higher freight rates
and higher prices paid by airline and
ship operators for fuel and services.
Transfers under military sales contracts and direct defense expenditures
each increased $0.1 billion. For the
latter category, higher outlays for petroleum and contractual services, due to
higher prices, were partly offset by
lower expenditures associated with construction projects in the Middle East.
Unilateral transfers, excluding miliService transactions
tary grants, were $1.9 billion, up $0.3
Net service receipts increased $1.2 billion, mostly to Israel.
billion in the first quarter, to $10.2
billion. Receipts were $30.6 billion, up U.S. assets abroad
$2.5 billion, and payments were $20.4
U.S. official reserve assets increased
billion, up $1.3 billion.
$3.2 billion, compared with $0.6 billion
Net receipts of income on investments in the fourth quarter. The increase was
were up $1.3 billion. Direct investment accounted for by an allocation of $1.2
income receipts increased $1.4 billion, billion of special drawing rights (SDK's)
largely because of an increase in petro- by the International Monetary Fund
leum prices; payments were down (IMF), and the net acquisition of $2.1
slightly. Other private income receipts billion of foreign currencies, mostly
and payments each increased $0.8 German marks. The SDR allocation
billion, reflecting the rise in interest was the second in a series of three annual
rates here and abroad and a rise in U.S. allocations authorized in 1978 by the
bank liabilities to private foreigners. IMF Board of Governors. About oneGovernment income receipts were down half of the acquisition of the foreign
slightly; payments increased more than currencies was from the sale of mark$0.2 billion, reflecting the record-high denominated U.S. Treasury notes
yields on U.S. Government securities. abroad in January, and the remainder
Among other services, travel receipts from net purchases in exchange markets,
were unchanged and payments in- largely related to support of several
creased $0.2 billion. An increase in major foreign currencies by U.S. and
receipts from overseas visitors was foreign monetary authorities. In March,
offset by a decline in receipts from U.S. authorities acquired large amounts
Canadian visitors. High U.S. gasoline of marks, most of which were used to
prices deterred Canadian visitors from liquidate the U.S. outstanding swap
purchasing gasoline on visits to the debt of $2.8 billion with the German
U.S. border areas—gasoline prices are Bundesbank and to pay interest of
lower in Canada—and may have dis- about $0.1 billion on previously issued
couraged long distance Canadian auto U.S. Treasury mark-denominated notes
travel in the United States. The increase (table B). U.S. authorities also purin travel payments reflected more travel chased $0.2 billion of Japanese yen, to
both overseas and to Canada and support that currency.
SUEVEY OF CUEEENT BUSINESS
30
June 1980
Table B.—Selected Transactions With Official Agencies
[Millions of dollars]
1978
Line
1978
I
1 Changes in foreign official assets in the U.S., net
(decrease — ) (line. 57 table 1)
Industrial countries *
Members of OPEC 2
Other countries.
33, 293
34, 293
-1, 137
5 Changes in U.S. official reserve assets (increase — )
(line 38, table 1)
-
2
3
4
1979
1979
II
15 422
13, 138
1,775
137
—14,271
—21, 323
5,508
1,544
732
III
IV
509
—5,273
-2,064
-2, 613
-596
4,777
6,370
-1,639
18 368
16,849
1,340
46
— 1, 107
187
248
5,067
8,965
-3, 898
—3, 321
5,121
-8,442
1,946
2,042
—96
317
70
-70
I
II
1980
III
—10 095
— 11 535
179
—8 744
—6, 959
—1, 361
-424
115
182
—1,423
-409
75
887
-1,498
-1,296
4 953
5,961
-1,008
IV
I"
Change:
1979: IV1980: 1
6 544
5 789
4 076
1 676
1,202
37
—1 221
—6 905
4 955
729
7 765
—10 949
2 721
*463
—4 044
—2 234
-26$
-3, 585
343
2,779
—644
—3 246
—2 602
—3 356
—2 195
2 727
3,425
—698
—497
3 175
2 678
—122
—2 556
238
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
Repayments
-
-
Foreign drawings, or repayments (— ), net
Drawings
-Repayments
-317
295
U.S. private assets abroad increased
$7.1 billion, compared with an increase
of $11.9 billion in the fourth quarter.
Claims reported by U.S. banks increased $1 billion, following an increase
of $7.2 billion. The reversal of yearend
transactions and strong domestic demand for credit from U.S. banks held
down the first-quarter increase. U.S.
banks' purchases of high-yield foreign
financial instruments, primarily certificates of deposit issued by foreign
banks held for accounts of money
market mutual funds, remained at
about fourth-quarter levels.
Net U.S. purchases of foreign securities were $0.8 billion, down $0.2 billion.
New bond issues increased $0.3 billion,
to $1.0 billion, reflecting an increase in
issues by Canadian borrowers. Partly
827
-3,764
—3, 022
22
-22
-295
J» 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 oil-exporting countries.
408
461
339
—958
—3 514
39
—39
143
104
—143
—104
31
—31
3. Consists of transactions of the Federal Reserve System and the U.S. Treasury Department's Exchange Stabilization Fund.
offsetting were net sales and redemptions of $0.8 billion of outstanding
bonds, including retirement of $0.3
billion of World Bank bonds. Net purchases of foreign stocks increased $0.3
billion, to a record $0.7 billion; most of
the purchases were in January and
February. As in the two previous quarters, they were concentrated in Canadian stocks, particularly energy and
natural resource stocks.
U.S. direct investments abroad were
$5.3 billion, up $1.2 billion. Most of
the increase was accounted for by a
$0.9 billion increase in reinvested earnings. Equity and intercompany accounts continued to show a net inflow,
which is unusual. It was $0.2 billion in
the first quarter, following $0.6 billion
in the fourth.
U.S. Government assets other than
official reserve assets increased $2.7
billion, compared with $2.1 billion. The
major part of the increase was in loans
to Israel, which were to finance relocation operations in the Sinai Peninsula
and purchase military equipment.
Foreign assets in the United States
Foreign official assets decreased $7.8
billion, compared with a $1.2 billion
decrease in the fourth quarter. Foreign
assets held by industrial countries
decreased $10.9 billion; those held by
OPEC countries increased $2.7 billion;
and those held by other countries increased $0.1 billion (table B).
Foreign official holdings of U.S.
Government securities decreased $4.7
Table C.—Indexes of Foreign Currency Price of the U.S. Dollar
[May 1970=100]
End of period
1977
Trade-weighted average against 22 OECD currencies *
Trade-weighted average against 10 currencies 2
-- „
Selected currencies: 3
Canada
France
Germany
Italy.
Japan
Netherlands
Switzerland
United Kingdom
_
.
I
II
90.7
86.6
89.7
85.6
90.3
85.1
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
III
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.
IV
1980
1979
1978
I
II
85.4
79.5
84.1
77.4
82.1
77.1
79.2
73.2
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
III
IV
III
IV
I
I
II
78.5
71.3
80.3
73.0
80.9
72.4
79.8
70.5
81.6
70.7
89.3
77.2
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
108.7
77.6
50.7
132.4
60.5
55.9
38.4
110.8
108.1
74.3
48.0
127.5
62.2
53.2
35.5
109.3
108.8
72.8
47.7
127.8
66.8
52.5
36.6
108.0
110.9
81.1
53.4
142.8
69.6
58.6
42.4
110.9
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.
SUEVEY OF CUEKENT BUSINESS
June 1980
billion, and other bank-reported liabilities to foreign official agencies
decreased $3.4 billion. The decreases
reflected net intervention sales of dollars
in exchange markets, particularly by
West Germany, Switzerland, and Japan, to limit the decline of their
cuirencies.
Among other foreign assets in the
United States, liabilities to private
foreigners and international institutions
reported by U.S. banks increased $9.2
billion, compared with $1.3 billion
(chart 15). The increase in borrowings
by U.S. banks from their foreign
branches reflected strong U.S. demand
for funds and record-high U.S. interest
rates. Because growth in bank reserves
was being restrained by the Federal
Eeserve and because there was some
expectation of credit controls, businesses
sought to secure lines of credit and
banks sought to fund their commitments, putting further upward pressures
on U.S. domestic and Eurodollar rates.
As interest differentials favorable to the
dollar widened and the dollar appreciated, corporate borrowing abroad
increased. By the end of the quarter,
bank liabilities to foreign branches were
being reduced, partly as a result of the
Federal Reserve's mid-March actions
that increased marginal reserve requirements on managed liabilities of U.S.
banks from 8 to 10 percent. Net foreign
purchases of U.S. Treasury securities
also increased substantially—by $2.4
billion, to $3.3 billion—as international
institutions, and to a lesser extent
residents of Japan and the United
Kingdom, invested in high-yielding
U.S. Treasury notes and bonds. Purchases of mark-denominated notes were
$1 billion, about the same as in the
fourth quarter.
Net foreign purchases of U.S. securities other than U.S. Treasury securities
were $2.5 billion, reflecting record
purchases of $2 billion of U.S. stocks,
most of which occurred during the
stock market rally in January and
February (chart 15). Major purchases
were by the United Kingdom, Switzerland, and Canada. Foreign direct investments in the United States were
$1.1 billion, down $1.5 billion from the
- , .«Y-"'«#. ',;*w3*v VJte-/ ^«*>m ->• - *,„- *
Indexes of Foreign Currency Price of the U.S. Dollar (May 1970=100)
100
TRADE-WEIGHTED AVERAGES
90
80
10 currencies1
70
I i i i i
150
SELECTED CURRENCIES3
140-
130-
120
110-
100
90
80
70
^
Netherlands guilder
\
60
r
^
50
Swiss franc
40
\
3Ql
I
I
I
I
i
I
i
I
i
I
I
I
1
I
I
I
1977
I
I
I
1978
I
I
I I I I I I I I I I I I I I I I I I I
1979
1980
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 the method of computation; 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.
(Text continued on page 66)
31
so-
SUEVEY OF CUKEENT BUSINESS
32
June 1980
Table 1.—U.S.
[Millions
(Credits+; debits-)*
Line
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Exports of goods snd services ^
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:
1960
__
-
- --
Interest dividends and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private receipts
-- U S Government receipts
- -
-
16
Transfers of goods &nd 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 rovalties to unaffiliated foreigners
Private payments for other services
U S Government payments for miscellaneous services
--
--
1962
1963
1964
1965
1966
1967
1968
28,861
19,650
335
919
175
1,607
590
247
570
153
29,936
20, 108
402
947
183
1,620
662
244
607
164
31,804
20, 781
656
957
191
1,764
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
336
52, 363
33, 626
1,392
1,775
411
2,548
1,430
437
1,024
353
3,621
2,355
1,266
646
349
3,822
2,768
1,054
793
383
4,242
3,044
1,198
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
1,892
2,039
2,547
-38,599 -41,606
-25, 493 -26, 866
-3, 764 -4, 378
-2, 657
-3, 207
753
-829
-2, 161
-2, 157
-64
-62
-104
-76
-506
-565
-644
-691
-48,800
-32, 991
-4, 535
-3, 030
-885
-2, 367
-80
-106
-668
-760
1,695
-
-
Payments of income on foreign assets in the United States:
27
28
29
30
31
1961
1
Interest dividends and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private payments
- -
-23,729
-14,758
-3, 087
-1,750
-513
-1,402
-35
-40
-593
-313
1,465
-23,591
-14,537
-2, 998
-1,785
-506
-1, 437
-43
-46
-588
-406
1,537
1,562
-25,778
-16,260
-3, 105
-1,939
-567
-1,558
-57
-44
-528
-398
-27,047
-17,048
-2, 961
-2, 114
-612
-1,701
-61
-51
-493
-447
1,340
-29,222
-18,700
-2,880
-2, 211
-642
-1,817
-67
-60
-527
-535
-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
1,636
-32,801
-21,510
-2, 952
-2, 438
-717
-1,951
-68
-67
-461
-550
-657
-299
-358
-942
-489
-711
-372
-339
-1,221
-549
-821
-381
-440
-1,328
-598
-876
-388
-488
-1,800
-702
32
33
34
35
36
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
-1,695
-2, 308
-1,672
-214
-423
-1,465
-2, 524
-1,855
-235
-434
-1,537
-2,638
-1,916
-245
-477
-1,562
-2,754
-1,917
-262
-575
-1,340
-2,781
-1,888
-279
-614
-1, 636
-2,854
-1,808
—369
-677
-1,892
-2,932
-1,910
-367
-655
-2, 039
-3, 125
-1,805
-441
-879
-2,547
-2,952
-1, 709
-407
-836
37
38
39
40
41
42
U S assets abroad net (increase/capital outflow ( — ))
U S official reserve assets net *
Gold
-4, 099
2,145
1,703
-5,537
607
857
-4, 175
1,535
890
-7, 270
378
461
-9,559
171
125
-5, 715
1, 225
1, 665
-7,319
570
571
-9, 758
53
1,170
-10,977
-870
1, 173
626
19
29
-112
266
-220
-94
-346
537
-538
-94
-1,023
-870
-1, 173
442
Reserve position iii 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 '
U S foreign currency holdings and U.S. short-term assets, net
47
48
49
50
51
U S private assets net
Direct investment
Eouity 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 el?ewhere:
Long-term
- Short-term _
52
53
54
55
_ __
-135
-115
-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
-5, 144
-2, 940
-1, 674
-1,266
-663
-5,234
-2, 652
-1,598
-1, 054
-762
-4, 624
-2, 852
-1,654
-1, 198
-969
-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
162
-5
-40
-354
-127
-431
-132
-222
-153
-995
-136
-1, 125
-126
-324
-775
-781
-485
-623
-88
429
-981
-1, 524
-232
325
317
-84
-112
-330
-281
-498
-220
-982
235
-730
338
-105
56
Foreign assets in the United States, net (increase/capital inflow (+))
2,294
2,705
1,911
3,217
3,643
742
3,661
7,379
9,928
57
58
59
60
61
62
63
Foreign official assets in the United States, net
U S Government securities8 _
U S Treasury
securities
Other 7
Other U S Government liabilities 8
U S liabilities reported bv 9U S banks, not included elsewhere
Other foreign official assets
1,473
655
655
765
233
233
215
603
25
508
1,270
1,409
1,410
-1
152
-291
1,986
816
803
12
429
742
1,660
432
434
-2
298
930
134
-141
-134
-7
65
210
-672
-1,527
-1,548
21
113
742
3,451
2,261
2,222
39
83
1,106
-774
-769
-798
29
-15
10
821
315
141
174
-364
282
1,939
311
73
238
151
324
641
346
132
214
-66
134
1,231
213
-5
236
-149
287
1,983
322
-5
327
-146
-85
607
415
57
358
-131
-358
4,333
425
86
339
-356
906
3,928
698
258
440
-135
1,016
10, 703
807
319
488
136
4,414
1
-91
50
176
3
-112
-13
-23
-38
113
29
149
180
296
85
499
715
759
6
672
-5
933
5
331
53
845
88
1,730
241
262
188
2,694
158
1,607
72
3,799
629
-205
438
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
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 1010
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)11
Balance on goods and services (lines 1 and 17)
Balance on goods services and remittances 1J(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 54.
-1,019
-989
-1,124
-360
-907
-458
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
2,145
1,258
607
741
1,535
1,118
378
1,558
171
1,362
1,225
69
570
-785
53
3,368
-870
-759
SURVEY OF CURRENT BUSINESS
June 1980
33
International Transactions
of dollars]
1970
1969
1971
1974
1973
1972
1975
1976
1977
1978
Line
1979
1
2
3
57,522
36, 414
1,528
2,043
450
2,652
1,533
486
1,160
343
65,673
42, 469
1,501
2,331
544
3,125
1,758
573
1,294
332
68,837
43, 319
19,26
2,534
615
3,299
1,927
618
1,546
347
77,495
49, 381
1,364
2,817
699
3,579
2,115
655
1,764
357
110, 241
71, 410
2,559
3,412
975
4,465
2,513
712
1,985
401
146, 666
98,306
3,379
4,032
1, 104
5,697
3,070
751
2,321
419
155,729
107, 088
4,049
4,697
1,039
5,840
3,543
757
2,920
446
171, 630
114, 745
5,454
5,742
1,229
6,747
3,531
822
3,584
489
184,705
120, 186
7,451
6,150
1,366
7,264
3,793
920
3,802
557
221,036
142, 054
8,240
7,186
1,603
8,306
4,775
1,065
4,217
620
286, 508
182, 055
7,194
8,335
2,156
9.793
5,042
1,150
4,291
522
4
5
6
7
8
9
10
7,649
4,819
2,830
2,338
925
8,168
4,992
3,176
2,671
907
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, 165
13, 696
11,469
15, 964
1,843
37,815
19, 401
18, 414
25, 861
2,294
11
12
13
14
15
2,610
2,713
3,546
4,492
2,810
1,818
2,207
373
204
236
305
16
-54, 129
-35, 807
-4, 856
-3, 373
-1,080
-2, 455
-101
-120
-751
-717
-60,050
-39, 866
-4, 855
-3, 980
-1,215
-2, 843
-111
-114
-827
-725
-66,569
-45, 579
-4, 819
-4, 373
-1,290
-3, 130
-118
-123
-956
-746
-79,435
-55,797
12 -4, 784
-5,042
-1,596
-3, 520
-155
-139
-1,043
-788
-99,219
-70, 499
12 -4, 629
-5, 526
-1, 790
-4, 694
-209
-176
-1,180
-862
-137,357
-103, 649
-5, 032
-5, 980
-2,095
-5, 942
-160
-186
-1,262
-967
-132,836
-98, 041
-4, 795
-6, 417
-2,263
-5,688
-287
-186
-1,551
-1,044
-162,248
-124,051
-4, 895
-6, 856
-2, 568
-6, 852
-293
-189
-2,006
-1,227
-194,169
-151,689
-5, 823
-7, 451
-2, 748
-7, 874
-243
-191
-2, 194
-1, 358
-230,240
-175, 813
-7, 354
-8, 475
-2, 896
-8, 912
-393
-214
-2, 566
-1, 545
-281,630
-211, 524
-8, 469
-9, 413
-3,100
-10,466
-471
-235
-2, 779
-1, 714
17
18
19
20
21
22
23
24
25
26
-848
-417
-431
-3, 244
-777
-875
-441
-434
-3, 617
-1, 024
-1,164
-621
-542
-2, 428
-1, 844
-1, 284
-715
-569
-2,604
-2, 684
-1, 610
-699
-910
-4,209
-3, 836
-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
-4, 211
-1, 628
-2, 583
-9, 188
-8, 674
-6,033
-2, 303
-3, 730
-16, 361
-11,066
27
28
29
30
31
-2,610
-2,994
-1, 649
-406
-939
-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
13-7, 187
13-5, 475
-694
-1,017
-2,207
-4,613
-2, 894
-813
-906
-373
-4,998
-3, 146
-934
-917
-204
-4,605
-2,775
-971
-859
-236
-5,055
-3, 171
-1,086
-798
-305
-5, 666
-3, 524
-1, 187
-955
32
33
34
35
36
-11,585
-1, 179
-967
-12,474
2,349
866
—249
1,350
382
-14,497
-22,874
158
-34,745
-1,467
-39,703
-849
-51,269
-2, 558
547
—703
153
-1
9
-33
182
—172
-1, 265
-30
—66
-466
-317
-2, 212
-268
-35,793
-375
—118
—121
-294
158
-61,191
-1,034
822
-9,336
2,481
787
-851
389
2,156
1 249
4^231
-4, 683
-61,748
-1, 107
—65
—1, 136
-189
283
37
38
39
40
41
42
-2, 200
-3,489
1,200
89
-1, 589
-3,293
1,721
-16
-1,884
-2,644
-4, 638
2,596
-602
13366
-5,001
134,826
13541
-3, 474
-5, 941
2,475
-9
-4, 214
-6,943
2,596
182
-1,568
-3, 819
2,086
165
-3, 693
-6,445
2,719
33
-4, 644
-7,470
2,942
-115
-3, 783
-7, 651
3,852
16
43
44
45
46
-8,206
-5,960
-3,130
-2, 830
-1,549
-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, 279
-16, 345
-4, 877
-11, 469
-3, 450
-56, 858
-24, 319
-5,904
-18, 414
-4, 643
47
48
49
50
51
-424
298
-586
-10
-168
-1, 061
-243
-811
-396
-1, 987
-474
-2, 747
-42
-2,254
-99
-1, 841
-3,800
n — 2, 029
52
53
297
-867
155
-1, 122
-612
-2, 368
-1, 307
-2, 199
-933
-5,047
-1, 183
-18, 333
-2, 357
-11, 175
-2, 362
-19,006
-751
-10, 676
12,702
6,359
22,970
21,461
18,388
34,241
15,670
36,518
50,741
-1, 301
-2,343
-2,269
-74
251
792
6,908
9,439
9,411
28
-456
-2,075
26,879
26,570
26,578
10,475
8,470
8,213
257
182
1,638
185
6,026
641
59
582
936
4,126
323
10, 546
4,172
3,270
902
301
5,818
254
7,027
5,563
4,658
905
1,517
-2, 158
2,104
17,693
9,892
9,319
2,205
36,575
32,538
30,230
2,308
1,159
773
2,105
12, 362
2,800
1,890
910
-216
4,041
23, 696
4,760
3,695
1,065
697
378
8,643
2,603
1,414
1,189
2,590
2,503
18, 826
4,347
2,687
1,659
2,783
1,284
-4, 181
2,115
-8
-510
819
A
-366
-991
—78
133
573
4,627
969
732
—65
-53 1|
is-25,868
54
55
64,096
37,575
56
33, 293
24, 189
23, 523
666
2,220
5,488
1,395
-14,271
-21, 891
-22, 356
465
-714
7,219
1,116
57
58
59
60
61
62
63
14, 167
3,728
2,142
1,586
534
2,713
30,804
7,897
5,313
2,583
10 2, 197
2,811
51, 845
9,713
5,984
3,730
i* 4, 830
2,942
64
65
66
67
68
69
-520
993
-194
1,834
rL
33 Oul
fi31
— oo,
lu
15
14,002
1,263
832
431
-68
3,130
-550
1,464
1,030
434
81
2,189
-3,909
2,289
10,986
949
380
569
-39
4,507
701
91
1,112
902
384
-15
594
221
298
737
-90
1,934
406
-87
-1,000
422
160
8,726
-250
-6,661
149
4,605
710
-1,879
227
4,475
9
16,008
-280
908
231
10, 759
373
6,346 }
16,259
-1,516
23
-6,321
867
-219
-2,654
-1,620
5,753
10,367
-880
11,354
607
3,393
2,048
399
2,603
5,624
4,066
2,330
-2,260
2,268
-1,434
-6,416
-1,941
-3,622
-5, 795
911
11, 021
9,078
7,140
-5,343
9,309
7,599
2,124
9,047
22, 893
21, 175
18,280
-9,306
9,382
7,531
4,384
-30,873
-9,464
-11,293
-14,068
-33, 759
-9,204
-11,088
-14,259
-29,469
4,878
2,736
-788
76
77
78
79
-1,179
-1,552
2,481
7,364
2,349
27,389
-4
10,293
158
5,090
-1,467
10,244
-849
5,509
-2,558
13,066
-375
35,416
732
31,072
-1,107
-13,556
80
81
321-149 0 - 8 0 - 5
367
-175
542
-24
717
-9,779
609
}
* i, Oi7£ /
X
70
71
f
32,668 I
1,139
23,822
72
73
JJ4 1 CQO
74
75
SUKVEY OF CUERENT BUSINESS
34
June 1980
Table 1.—U.S.
[Millions
1
2
g
4
5
g
7"
g
10
H
12
13
14
15
ifi
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1L970
(Credits +; debits -) 1
Line
Merchandise adjusted excluding military 3
Transfers underU.S. military agency sales contracts
Other transportation
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
U S Government miscellaneous services
Keceipts of income on U.S. assets abroad:
-
-»
Interest dividends and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
U.S. Government receipts
Transfers of goods and services under U.S. military grwnt programs, net, „
Merchandise adjusted excluding military *
Direct defense expenditures
Travel
—
Passenger fares
Fees and royalties to affiliated foreigners
Private payments for other servicesU.S Government payments for miscellaneous services. - -
-
Payments of income on foreign assets in the United States:
Interest dividends and earnings of unincorporated affiliates
U S Government payments
- -
. -32 U.S. military grants of goods and services, net
00
Unilateral transfers (excluding military grants of goods and services), net
U.S. Government grants (excluding military grants of goods and services)
34
U.S. Government pensions and other transfers
---35
Private remittances and other transfers
__.__.
_______
36
37 U.S assets abroad net (increase/capital outflow (—))
38
Gold
39
40
Reserve position in the International Monetary Fund
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
U S Government assets other than official reserve assets, net .
U.S loans and other long-term
assets
- Repayments on U. S. loans 6
..
U S foreign currency holdings and U S short-term assets, net
E uity and intercompany accounts
---Reinvested earnings of incorporated affiliates
- Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking concerns:
Short-term
-U.S. claims reported by U.S. banks, not included elsewhere:
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..
64
65
66
67
68
69
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:
70
71
72
73
74
75
76
77
78
79
80
81
-
3
Other 7
Other U S Government liabilities8
U S liabilities reported by U S banks not included elsewhere
Short-term
U.S. liabilities
reported by U.S. banks, not included elsewhere:
Long-term l10
°
. ..
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)11
..
Balance on goods and services (lines 1 and 17)
Balance on goods services and remittances 1J(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 54.
197 1
I
II
III
IV
I
II
15,644
10, 247
268
507
103
704
390
132
316
81
17,268
11, 149
487
624
143
805
449
140
317
83
15,966
10 141
313
699
181
845
429
147
327
86
16, 796
10 932
433
501
117
772
490
154
334
83
16, 995
11 031
484
552
124
774
425
155
359
85
17 978
11 341
'577
653
157
892
479
155
377
98
17 209
10 855
433
751
190
913
451
154
396
80
16 655
10 092
432
578
144
720
573
153
414
84
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
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
III
IV
559
739
735
680
883
875
733
1 056
-13,961
—9, 474
-1, 178
-632
-224
-606
-23
-32
—196
-161
—15,257
— 10,034
-1,259
—1,046
-382
—728
-30
-29
-208
-151
-15,700
—9,836
—1,211
-1,607
-398
—789
—28
-27
—212
—210
—15,131
—10,522
-1,208
-695
-211
-719
—30
-26
-211
-202
—14,958
—10, 471
—1, 174
-731
—210
-719
—29
-27
-231
—151
-17,285
—11 975
—1,206
-1,165
-428
—818
—27
—29
-238
—159
—17,931
—11 845
— 1,203
—1, 677
-392
—859
—30
—32
-244
—231
—16,396
—11 288
—1,236
-800
-260
—734
—32
—35
-243
—205
—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
-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
—3.558
-386
—44
-920
—253
831
-2,688
1,025
14
-37
227
821
-1,447
802
395
—34
406
35
-1,642
1,040
422
140
9
469
—3, 616
151
109
-592
255
379
-3,334
839
456
196
252
-65
—2 867
1 377
300
150
851
76
—2,656
—18
1
—3
—8
-8
-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
Q
—246
-891
628
17
—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
-381
—59
—12
—145
—129
72
—64
122
—33
—391
1
—180
-37
—207
—99
—283
14
249
49
-594
12
293
80
-1,070
15
109
-153
-355
-247
—822
-227
-1,300
1,726
1,765
2,143
725
2,458
5,913
9 194
5,405
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
-189
—1,061
4,490
4,796
4,798
-2
-84
—223
-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
90
100
325
168
200
211
497
423
164
-265
32
-79
-191
168
379
161
7
-1,713
867
75
19
-97
22
-1,223
-25
-3,288
-61
-1,720
-71
-1,358
34
-87C
-224
-156
86
-152
-2, 713
717
-769
-2,331
-4,658
-2,021
773
1,683
1,333
889
1,115
2,011
1,592
1,148
305
266
—139
-539
410
1,665
1,280
831
560
2,037
1,676
1,210
-634
693
276
-248
-990
-722
-1,165
-1,669
-1,196
259
-179
-727
—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
-134
127
SUEVEY OF CURRENT BUSINESS
June 1980
35
International Transactions—Continued
of dollars]
1973
1972
1974
Line
I
II
II
I
IV
III
III
I
IV
II
III
IV
1
18,368
11,916
349
604
135
789
473
157
432
83
19,123
12,074
368
742
180
904
531
161
439
95
18,616
11, 619
285
840
216
957
510
166
442
90
21,388
13,772
362
631
167
929
602
171
451
89
23,877
15, 610
382
788
197
1,005
570
172
466
84
27,049
17,642
558
860
243
1,134
589
176
483
99
27,231
17, 220
556
1,007
323
1,215
646
180
504
128
32,084
20,938
1,063
757
212
1,111
709
184
532
90
34,258
22,767
700
951
233
1,263
670
186
546
89
37,753
25, 295
950
1,005
266
1,488
754
187
561
106
35,340
23,154
809
1,180
355
1,500
746
189
588
112
39,315
27,090
921
896
249
1,446
900
189
626
113
2
3
4
5
6
7
8
9
10
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
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
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
11
12
13
14
15
496
16
1,245
982
1,290
976
723
868
785
433
405
565
-18,503
-13, 358
-1, 222
-862
-280
-820
-38
-31
-258
-164
-19,755
-13, 643
-1, 272
-1,364
-527
-859
-39
-34
-264
-173
-20,305
-13, 709
-1,105
-1,873
-486
-913
-34
-36
-256
-245
-20,873
-15,087
12 -1, 185
-943
-303
-929
-43
-38
-264
-206
-22,295
-16, 178
-1, 169
-930
-358
-1,055
-56
-40
-287
-174
-25, 118
-17,630
12-1,231
-1,584
-610
-1,158
-49
-43
-290
-173
-25,324
-17,278
-1,067
-1,995
-510
-1,270
-46
-46
-293
-283
-26,482
-19,413
-1, 162
-1,017
-312
-1,212
-58
-47
-309
-232
-29,090
-22, 103
-1, 153
-1, 013
-378
-1, 261
-43
-48
-307
-185
-35,169
-26, 514
-1,298
-1,661
-685
-1,486
-41
-47
-313
-194
-36,590
-26, 920
-1,265
-2, 115
-595
-1,603
-38
-46
-314
-349
-36,508
-28, 112
-1,316
-1, 191
-437
-1, 593
-38
-45
-328
-239
20
21
22
23
24
25
26
-272
-187
-85
-585
-614
-335
-179
-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
-364
-45
-319
-1,268
-967
-360
-81
-279
-1,524
-1,047
-410
-11
-399
-1,845
-1,090
-197
-128
-69
-1,855
-1, 157
27
28
29
30
31
-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
-405
W-2,949
w _2, 609
-107
-233
-565
-1,944
-1,481
-189
-275
-352
-1,224
-764
-204
-257
-496
-1,068
-622
-194
-252
32
33
34
35
36
-4,912
-90
544
—710
-1
77
-2,501
-60
-3,211
96
3
-3,873
50
-8,009
213
-4,441
11
-3,030
-23
-7,394
-43
-6,142
-246
-10,702
-358
-7,631
-1,002
-10,270
139
-15
108
-16
66
-13
226
9
8
-6
-13
-10
(*)
-15
-28
-209
-37
—29
-244
-85
—123
-728
-151
—20
-84
243
37
38
39
40
41
42
-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
w 1,212
-1,331
w 2, 723
»3 -181
222
-1,318
948
591
-216
-858
498
144
-851
-1,495
656
-13
43
44
45
46
-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
-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
-699
47
48
49
50
51
-74
-238
-64
-114
20
-157
-125
-302
-136
-673
-50
-152
-155
-347
-55
-815
-128
-1,985
(*)
-588
-138
411
-208
-585
52
53
-189
-777
-346
484
-360
-365
-412
-1,541
-273
-2, 715
-326
-437
176
123
-510
-2,018
-178
-5,066
-913
-6,664
88
-2,032
-180
-4,571
54
55
4,148
4,730
6,589
5,724
10,743
3,056
2,167
2,422
6,314
9,662
9,103
9,163
56
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
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
-1,138
-1, 132
-903
—229
10
-22
e
4,434
3,082
2,946
139
-53
1,341
64
3,062
-514
-905
391
331
3,246
—1
4,188
2,736
2,132
604
14
1,253
185
57
58
59
60
61
62
63
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
7,452
1,784
1,465
319
136
712
5,228
539
260
279
-240
363
6,041
1,610
1,211
399
200
227
4,975
828
759
69
601
-925
64
65
66
67
68
69
-83
45
226
42
142
-44
309
178
244
2
60
-6
182
272
-188
469
-41
395
-364
754
-160
399
475
386
70
71
200
592
710
1,185
83
2,272
-73
274
-61
1,467
153
-1,823
78
2,187
28
951
-32
3,160
155
4,311
7
4,169
-40
3,805
-113
3,723
-573
-1,015
-1,476
-3,572
558
-167
527
-2,391
400
1,002
-631
72
73
74
75
-1,442
-136
-526
-1, 131
-1,569
-632
-1,058
-1,656
-2,090
-1,689
-2,098
-2,634
-1,315
516
60
-375
-568
1,582
1,214
838
12
1,931
1,513
828
-58
1,907
1,478
1,029
1,525
5,602
4,874
4,445
664
5,168
4,828
2,219
-1, 219
2,584
2,121
640
-3,766
-1,250
-1,710
-2,474
-1,022
2,806
2,360
1,738
76
77
78
79
-90
2,604
-60
794
96
5,460
50
1,435
213
9,771
11
-790
-23
-905
-43
-2,986
-246
-1, 148
-358
4,487
-1,002
2,731
139
4,174
80
81
7
185
-252
352
17
18
19
SUEVEY OF CUEEENT BUSINESS
36
June 1980
Table 1.—U.S.
[Millions
1975
I
11
12
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 a n d royalties from unaffiliated foreigners
_ _ _ _ _ _ _
Other private services
U S Government miscellaneous services
Receipts of income on U.S. assets abroad:
Direct investment
- - Interest dividends a n d earnings o f unincorporated affiliates _ _ _ _ _ _ _
Reinvested 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
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
I
2
3
4
5
6
7
g
9
10
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
._.
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
36
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 a n d other transfers _
_ _ _ _ _ _ _ _ _
37
U.S. assets abroad, net (increase/capital outflow (— ))
38
39
40
41
42
U S official reserve assets net *
Gold
Special drawing rights
Reserve position in the International Monetary Fund.
Foreign currencies
43
44
45
46
47
48
49
50
51
54
55
III
II
I
IV
38,845
27, 262
38,550
26, 850
957
918
982
1,207
36,696
24, 638
41, 639
28 338
1,193
1,020
40, 599
27 301
1,237
1,320
1,581
II
III
IV
43,470
29 419
1,152
1,482
41,964
27 433
1 424
1,748
45, 597
30 592
1 641
1,192
428
273
1,670
1,751
1,744
1,150
1,320
370
222
1,375
1,485
1,501
827
189
668
102
846
189
746
106
1,479
898
189
708
137
3,907
1,991
1 916
1,920
3,930
1,928
2 002
1,801
3,799
1,844
1,955
1,933
4,959
2,784
2 176
1,990
4,587
2,824
1 763
2,075
267
378
286
321
787
1,202
55
163
50
87
152
83
— 33,073
—24,931
-1,317
-1,138
—475
-1,398
-31 744
-23,082
-1,185
-1,649
—664
-1,351
-33,755
-24, 178
-1,096
-2,300
—657
-1,463
—34 264
-25, 850
-1,198
-1,330
-467
-1,476
— 69
-36,817
-28, 137
-1,157
-1,262
-559
-1,549
— 87
-39,895
-30,368
-1,219
-1,765
-752
-1,661
— 85
-42,504
-31,937
-1,237
-2,391
-723
-1,826
—43,032
—33, 609
-1,282
-1,438
-534
-1,817
223
207
224
260
971
191
797
101
228
841
195
824
125
300
888
201
876
122
4,888
2,383
2 505
2,151
857
209
924
118
4,368
2,377
1 991
2,376
328
945
217
961
124
5,157
3,719
1 438
2,354
397
— 46
-360
— 198
—83
—47
—54
—46
-47
-47
—47
—58
-47
-375
—220
-394
—303
-422
—323
-452
—249
-483
-246
-523
-432
-549
-300
-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
-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
—787
— 1,163
-751
—200
-212
—1 202
—1,204
-803
— 197
-203
—55
— 163
-1,229
-776
—213
-241
—50
-87
— 1,018
-565
—204
-250
-1,002
-541
-227
-233
-1,086
-642
-230
-214
-152
-1,889
-1, 424
—238
-227
-1,021
-539
-239
-243
— 10,875
—9,882
-4,980
-13,966
-12,667
-12,045
—10,448
-16,109
—327
—28
—333
-161
-777
-1, 580
-408
207
—4
— 16
7
—25
—95
-45
14
—18
-29
-237
-495
-798
-796
-716
-461
-942
-1, 551
—949
-1,884
-1,284
-1,860
-1 039
-1,649
558
17
592
18
-8, 756
-3, 301
-1,311
-1,991
-2, 751
-15,277
-2, 288
-850
-1, 438
-2, 262
—81
34
35
52
53
1976
(Credits +; debits -)*
Line,
—64
-48
-83
-16
-5
-213
—21
-57
-83
U S Government assets other than official reserve assets, net
U.S. loans and other long-term
assets
Repayments on U.S. loans 6 . .
_
U.S. foreign currency holdings and U S short-term assets, net.
—1 088
—1 660
—883
—1 583
—626
—1 245
707
—7
574
45
—877
—1, 453
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
-9, 459
—4,109
—2, 193
— 1 916
—1, 931
-8, 971
—4 274
2,272
—2 002
—985
-4, 022
— 1,495
23
330
75
37
-130
—809
-334
—549
-191
-556
-1,134
-23
639
-1, 203
-461
—3 311
—359
—3 466
-618
—31
-919
—4, 367
-289
-3, 412
-377
-4,409
-978
-2, 342
-718
-8,843
_ _
—307
542
29
460
—1, 955
-938
653
-76
661
-52
785
150
-12, 928
-4, 366
-2, 190
—2, 176
-2, 393
-10, 948
-4, 033
-2, 270
-1, 763
-2, 467
-9, 516
-2, 327
178
-2,505
-1,405
135
326
697
37
56
Foreign assets in the United States, net (increase/capital inflow (+))
2,587
3,971
2,691
6,421
7,470
7,953
8,820
12, 276
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 8
U.S. liabilities reported by 8U.S. banks, not included elsewhere
Other foreign official assets
3,419
5 858
5 358
2,244
-1,731
—2, 822
—2 847
3,095
1,682
1 367
3,699
2,066
1 998
4,039
2,481
2,165
2,958
1,327
1 261
6,997
4,018
3,895
1,638
-531
1,731
64
65
66
67
68
69
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 10
_ _ .
Short-term
Allocation of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)
70
71
72
73
74
75
Memoranda:
Balance on merchandise trade (lines 2 and 18) ll_
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) ll
Transactions in U.S. official reserve assets and in foreign official assets in the
United States:
80
Increase ( — ) in U S official reserve assets net (line 38)
Increase (+) in foreign official assets in the United States (line 57 less line 61) _
81
76
77
78
79
See footnotes on page 54.
369
845
780
65
360
591
448
—832
1 727
500
395
—3, 203
25
246
320
525
4 422
669
316
688
181
689
3 326
1,369
1 137
3,771
1,472
3,914
1,086
232
164
930
541
437
661
425
999
549
450
315
517
134
762
68
1,376
-412
66
123
925
524
323
5,862
5,279
737
-591
3,025
385
1 038
1 036
134
64
790
547
243
-88
51
61
—6
-124
109
-41
-231
-145
-247
-377
—39
385
—86
63
60
— 114
1,752
146
541
-105
75
277
777
-16
-2, 479
-287
1,094
3,532
1,883
4,567
3,679
309
366
1,399
2,417
1,603
4,057
2,280
2,331
5 772
5,360
4,609
3,768
6 806
6,406
5,603
460
2,941
2,488
1,923
2,488
7 375
6,922
6,146
-836
3,782
3,322
2,781
—949
3,575
3,131
2,489
-4,504
-540
-1,005
-2,429
-3,017
2,565
2,083
1,544
—327
3,024
1,884
—333
-1,977
—161
2,578
-777
2,323
— 1,580
3,351
-408
1,320
6,072
278
93
185
692
344
360
—1
-25
870
526
344
—390
—28
86
—342
428
2,124
207
SURVEY OF CURRENT BUSINESS
June 1980
37
International Transactions—Continued
of Dollars]
19're
1£ 77
I
II
44,408
29, 417
1,820
1,417
247
1,676
816
220
943
136
48, 147
32, 092
1,844
1,575
348
1,920
926
226
943
134
45,288
28, 993
1,897
1,787
456
1,913
971
234
948
153
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
III
1979
in
I
II
46, 862
30, 314
1,891
1,371
315
1,756
1,080
241
968
134
48, 626
30, 686
2,121
1,659
305
1,905
1,063
244
1,028
133
55,697
36, 732
2,055
1,872
364
2,043
1,150
259
1,051
167
53,978
34, 539
2,013
2,068
533
2,247
1,154
274
1,064
172
5,264
3,777
1,487
3,063
464
5,701
2,975
2,726
3,400
382
5,911
3,703
2,208
3,575
519
5,418
2,812
2,606
4,103
394
IV
81
IV
1980
Line
I
II
62,735
40, 097
2,051
1,587
402
2,111
1,408
288
1,074
148
64,664
41, 329
2,000
1,850
413
2,276
1,150
282
1,067
123
69,833
44, 427
1,927
2,239
524
2,491
1,230
284
1,064
152
71,686
44, 602
1,692
2,361
704
2,556
1,265
288
1,066
177
80,326
51, 697
1,575
1,885
515
2,470
1,396
296
1,094
70
83,876
53, 866
1,700
2,057
503
2,534
1,232
307
1,137
84
2
3
4
5
6
7
8
9
10
8,134
4,206
3,929
4,887
548
7,963
3,890
4,073
5,723
488
9,150
4,384
4,766
5,833
513
9,889
4,943
4,946
6,519
566
10, 814
6,184
4,630
7,786
727
11,312
5,541
5,771
8,640
504
11
12
13
14
15
91
16
III
IV
IP
1
39
53
31
-45,840
-36, 487
-1,367
-1, 387
-602
-1,881
-69
-48
-541
-348
-48, 991
-38, 228
-1,462
-2, 019
-841
-1,987
-52
-48
-541
-332
-49, 197
-37, 755
-1,483
-2,500
-755
-2, 039
-49
-48
-546
-320
-50, 140
-39, 219
-1,511
-1,545
-550
-1, 967
-74
-48
-566
-359
-53,302
-41, 819
-1, 680
-1,523
-640
-2, 063
-100
-50
-611
-364
-57,584
-44, 062
-1,752
-2, 176
-882
-2, 143
-92
-53
-629
-380
-59,023
-44, 137
-1,874
-2, 994
-798
-2, 379
-98
-55
-652
-350
-60,332
-45, 795
-2, 048
-1,782
-576
-2, 327
-104
-56
-675
-450
-61,647
-46, 533
-2,029
-1,708
-652
-2, 437
-102
-57
-682
-351
-68,504
-51,308
-2, 029
-2, 575
-948
-2, 545
-110
-58
-690
-357
-73,202
-54, 120
-2, 135
-3, 187
-866
-2, 780
-105
-59
-690
-596
-78,277
-59, 563
-2, 275
-1,943
-634
-2, 704
-154
-61
-717
-411
-84,411
-65,002
-2,400
-2, 010
-721
-2,721
-104
-62
-733
-405
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
-630
-324
-306
-1, 878
-1, 943
-1, 262
-431
-831
-2, 079
-2, 074
-1,261
-465
-796
-2, 279
-2, 147
-1,058
-408
-650
-2, 951
-2, 509
-1, 155
-517
-638
-3, 193
-2, 750
-1, 540
-535
-1,004
-3, 633
-2,711
-1, 703
-618
-1,085
-4, 231
-2, 730
-1, 635
-633
-1,002
-5, 305
-2, 875
-1, 453
-474
-979
-5, 747
-3, 053
27
28
29
30
31
-39
-1,084
-626
-240
-219
-53
-1,279
-811
-232
-236
-31
-1,236
-774
-254
-208
-81
-1,006
-564
—246
-196
-76
-1,198
-773
-254
-171
-49
-1,313
-831
-270
-213
-62
-1,220
-772
-276
-172
-49
-1,324
-795
-287
-243
-29
-1,320
-860
-265
-194
-49
-1,390
-899
-288
-203
-88
-1,393
-878
-304
-211
-139
-1,564
-887
-330
-347
-91
-1,871
-1, 312
-309
-250
32
33
34
35
36
-1,945
-12,387
-6,625
-14,837
-15,225
-5,919
-9,729
-30,319
-7,983
-15,543
-24,848
-13,375
-12,093
37
-420
-58
-24
112
187
248
115
343
2,779
-3, 246
-389
27
— 16
324
-121
— 104
437
-85
—43
195
-37
—1 142
-86
-2, 357
6
-78
415
-644
—65
-9
133
-12
182
—65
1,412
3,275
-4,440
-3, 585
-83
-80
139
-43
-60
-29
42
4
-52
2,831
27
-606
—1 152
-34
-2, 060
38
39
40
41
42
-1, 124
-1,772
580
68
-820
-1,453
731
-98
-1, 047
-1, 746
656
43
-703
-1, 475
752
20
-1,071
-1,671
643
-43
-1, 199
-1,998
787
12
-1, 423
-2, 161
708
30
-950
-1, 640
804
-114
-1, 163
-1, 875
758
-47
-933
-1, 900
950
16
-802
-1,806
963
42
-885
-2, 071
1,181
5
-1,523
-2,657
965
169
43
44
45
46
-401
-2,565
-585
-1, 981
-749
-11,543
-4, 053
-2, 062
-1,990
-1, 784
-5, 690
-3, 044
-1,215
-1, 828
-2, 177
-14, 091
-3, 237
-1,750
-1, 487
-749
-14, 341
-4, 822
-2, 096
-2, 726
-1,008
-4, 968
-4, 279
-2, 072
-2, 208
-1, 106
-8, 421
-2, 725
-118
-2, 606
-488
-29, 550
-4, 519
-591
-3, 929
-849
-3, 235
-5, 973
-1, 900
-4,073
-1,001
-14, 953
-7, 536
-2, 769
-4, 766
-513
-26, 825
-6, 754
-1, 808
-4, 946
-2, 143
-11,846
-4, 057
573
-4, 630
-986
-7, 324
-5, 560
211
-5, 771
-787
47
48
49
50
51
7
-778
50
-1, 174
201
1,109
-357
-998
-63
-2, 178
78
237
-306
3,990
18
-4,600
-447
-1, 332
-16
-8, 734
76
-311
-5, 959 }
49
is 102
62
61
-90
49
29
-129
-1,769 } " -2, 442
i« -5, 179
'« -22, 284
u 6, 181
49
i*935
88
i* -932
i« -7,839
n -16,997
139
i*410
is -7, 213
n.a. /I 52
53
i« -978 1f
54
55
2,629
13,995
14,181
19,935
18, 204
775
17,069
28, 048
2,201
6,407
24,941
4,025
5,016
56
5,525
5,403
5,305
98
597
-725
250
7,714
5,763
5,153
610
217
752
982
8,211
7,551
6,924
627
321
-163
502
15, 125
13, 821
12, 848
973
24
909
371
15, 422
13, 021
12, 904
117
527
1,456
418
-5, 273
-5, 628
-5, 839
211
-222
-61
637
4,777
3,556
3,093
463
221
916
84
18, 368
13, 240
13, 365
-125
1,695
3,177
256
-8, 744
-8, 757
-8, 752
-5
-128
-72
213
-10,095
-12,765
-12,859
94
122
2,354
195
5,789
5,359
5,024
335
216
56
158
-1,221
-5, 728
-5, 769
41
-924
4,881
550
-7, 765
-4, 702
-5, 503
801
-43
-3,365
345
57
58
59
60
61
62
63
-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
2,783
1,355
1,050
306
881
453
6,049
2,313
1,482
831
818
1,347
12, 292
2,620
1,824
796
-1,068
493
9,680
1,608
958
650
is 1, 566
519
10, 945
1,120
482
638
is 2, 564
803
16, 502
2,812
1,808
1,004
-120
1,149
19, 152
3,217
2,133
1,085
1,466
677
5,246
2,564
1,561
1.002
16920
313
12, 781
1,123
145
979
i6 3, 279
2,477
64
65
66
67
68
69
-246
-133
-168
-46
83
539
-189
633
28
470
-63
378
86
918
i* -543
"579
"606
i< 1, 050
42
-5,346
104
6,136
194
2,446
33
3,110
250
-654 }
1,256
9,243
6,164
12,082
13, 185
400
1,833
514
-2,412
—814
2,894
8,344
-1,076
1,192
7,001
1,139
2,946
9,197
2,816
8,864
1,152
8,330
74
75
-245 }
68
n.a. If
70
71
72
5,902 {
I 73
-7, 070
-1,432
-1,891
-2, 517
-6, 136
-844
-1,312
-2, 123
-8, 762
-3,909
-4, 370
-5, 144
-8, 905
-3, 279
-3, 721
-4,285
-11, 133
-4, 675
-5, 101
-5,874
-7, 330
-1,887
-2, 370
-3,200
-9, 598
-5,044
-5, 492
-6,264
-5, 698
2,403
1,874
1,079
-5, 204
3,016
2,557
1,697
-6,881
1,329
838
-61
-9,518
-1,516
-2, 031
-2, 909
-7, 866
2,050
1,373
486
-11,136
-535
-1,093
-2, 405
76
77
78
79
-420
4,928
-24
7,497
112
7,890
-43
15, 101
187
14,895
248
-5,052
115
4,556
182
16,673
-3, 585
-8,616
343
-10,216
2,779
5,573
-644
-297
-3,246
-7,722
80
81
SUEVEY OF CUERENT BUSINESS
38
June 1980
Table 2.—U.S. International
[Millions
I
Exports of goods and services 2
Merchandise adjusted excluding military 3
Transfers under U S military agency sales contracts
4
Travel
_
5
Passenger fares
- g
Other transportation
7
Fees and royalties from affiliated foreigners
g
Fees and royalties from unaffiliated foreigners g
Other private services
U
S
Government
miscellaneous
services
10
Receipts of income on U.S. assets abroad:
jj
Direct investment
'
Interest dividends and earnings of unincorporated affiliates
19
Reinvested
earnings
of
incorporated
affiliates
- _
13
Other private receipts
_ _
14
U S Government receipts
15
I
281
574
131
740
419
132
316
83
Q
16
Transfers of goods and services under U.S. military grant programs, net
17
Imports of goods and services
Merchandise adjusted excluding military
Direct defense expenditures
Travel
- -
18
00
24
25
26
27
28
29
30
31
--
3
2 028
1 378
650
658
241
--
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
_
__ ..
_. _
32
36
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
.
-- --
37
U S assets abroad net (increase/capital outflow ( — ))
33
34
OK
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
...
..
U S official reserve assets net *
. . _ _ . . _
Gold
Special drawing
rights
.
-.
Reserve position in the International Mionetary 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 6
U S foreign currency holdings and U S short-term assets, net
U S. private assets, net
.
. _
Direct investment
_ .
.
Eouity and intercompany accounts
Reinvested earnings of incorporated affiliates
..
_
Foreign securities
.
U.S. claims on unaffiliated foreigners reported by U.S. nonbanking
concerns:
Short-term
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term
54
Short-term
.
55
56 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 liabilities reported by U S banks not included elsewhere
64
65
66
67
68
69
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
. ._ ._
Short-term
- -- -- U.S. liabilities reported by U.S. banks, not included elsewhere:
72
73
74
75
75a
76
77
78
79
80
81
Short-term I0
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) n
--Balance on goods services and remittances (lines 77, 35, and 36)..
Balance on current account (lines 77 and 33) n
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.
16 655
10 739
435
579
139
778
441
140
317
77
2 094
1 194
900
678
238
I
IV
16 615
10 667
357
575
134
811
450
147
327
89
2,166
1 264
902
672
220
16 553
10 816
17 104
10 910
428
603
140
796
448
154
334
83
507
623
153
823
457
155
359
88
1 880
1 156
2 158
1 270
724
663
208
in
II
888
662
209
17 278
10 874
IV
18 057
11 549
2 318
1 616
702
643
231
16 397
9 ggg
494
624
147
869
473
154
396
82
506
609
148
856
469
155
377
92
2 401
1 312
1*089
652
216
419
678
167
751
528
153
414
85
2 282
1 785
' 497
684
250
559
739
735
680
883
875
733
1 056
— 14 908
—9 766
—1 259
-1,005
—293
—723
—15 193
—10 049
—1,211
-1,010
—320
—768
—15 447
— 10 464
—1,208
—1,019
—310
-716
—15 589
—10 600
—1,174
—1,083
—275
-769
— 16 803
—11 614
—1,206
-1,078
—332
-808
—17 499
—12 171
—1,203
—1,059
—315
-824
—16 678
— 11 194
— 1 236
—1, 153
—368
-729
—183
—208
—180
—212
—176
—211
—186
—231
—174
—238
—188
—244
—193
—243
—191
-226
—115
—111
—998
—208
-227
—109
—118
—947
—241
-232
—105
-127
—875
—285
-190
—111
-235
—157
—79
—78
—797
—290
—656
-336
-302
—146
-156
—579
-402
-320
—176
—144
—594
—514
-306
—142
—164
—599
—592
—559
-739
-735
-680
-883
—875
-733
—1,056
—786
-417
—100
—269
810
-404
—118
—288
—839
-444
—122
-273
—860
-471
—122
—267
—825
-439
—124
—262
—894
-486
— 142
—266
—980
-550
—138
-292
—1 004
-568
—138
—298
—2 787
—1 922
—2,444
—2, 183
—2, 944
—2, 707
—3,682
-3, 139
264
—44
808
14
585
395
—251
831
227
821
406
35
660
456
17
252
-65
—197
-254
688
109
-55
255
379
1,198
-270
—253
824
422
-76
9
469
—399
—740
—348
-864
-423
-860
-573
-1, 130
-567
-1,227
—387
-894
508
g
370
67
-419
-829
430
—89
—2,652
—1,917
— 1 267
—650
—306
—2, 382
-2, 124
— 1 224
—900
-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
-368
-381
-12
-61
—129
—64
64
-33
1
-37
-99
-322
—132
-300
-307
-247
-1, 142
-227
-760
5,985
23
—32
196
30
—29
80
—28
—27
—30
—26
412
—2
-28
—29
—27
573
—16
—27
—29
541
119
—30
—32
300
-29
851
76
477
30
-4, 493
-2, 421
-1,332
—1, 089
-346
14
-77
49
12
80
15
-314
-145
-586
-261
-153
-205
2 180
863
1,953
1,367
3,102
5,158
8,725
2 840
699
1 409
1,963
5,188
5,634
10, 366
(17)
}(17)
-
III
— 14 505
9 587
—1 178
—946
—292
—636
15
57
58
59
60
61
62
63
70
71
II
15 850
10 247
2
19
20
21
22
19'n
19 70
(Credits +; debits -) »
Line
-1
—32
31
-1
42
(17)
(17)
(17)
(17)
—260
17 2, 224
-2
-13
17 5, 269
" 5, 649
—2,086
-206
"874
17 1, 368
164
222
104
118
-35
374
544
372
245
127
1
720
—596
602
491
111
16
304
269
190
79
99
792
196
118
78
179
559
122
100
366
168
299
211
325
423
17 2 873
—660
7
19
22
-25
-1,811
-950
-1,081
-2, 479
217
— 169
217
-95
217
-309
216
354
7
-2
-2
-223
1710,591
-197
175,891
-1,641
-293
-437
908
-265
45
-79
-89
168
225
161
-152
-2,806
-61
-71
-2,579
-1,187
34
-89
179
-1,028
-2,211
-4,800
-1,740
-740
-622
203
180
352
310
1,106
1,515
1,129
808
905
1,367
585
5,692
-1,270
618
264
9
144
1,422
1,027
2,872
-2, 587
-1,203
-706
-497
626
973
583
525
49
-795
1,747
1,341
937
-355
-929
196
660
717
246
—8
-8
293
324
160
164
1,345
976
559
1
-182
0 7\)
(17)
-2
-79
-1
—32
—35
690
-476
140
-16
156
1,862
179
179
475
67
558
128
-419
-422
-1,208
-281
-717
-1,285
1,198
10,589
-197
5,889
824
688
660
2,223
5,267
5,647
SURVEY OF CUREENT BUSINESS
June 1980
39
Transactions—Seasonally Adjusted
of dollars]
I
II
19'?4
1973
1972
Line
IV
III
III
II
I
I
IV
II
III
IV
IS, 503
11,824
366
673
161
846
506
157
432
87
18,444
11,617
322
695
171
859
517
161
439
87
19,501
12,354
319
713
170
904
537
166
442
93
21,046
13, 586
357
736
197
970
555
171
451
90
23,951
15, 467
400
836
230
1,056
608
172
466
88
26,259
17, 112
503
817
236
1,079
574
176
483
92
28,548
18, 275
603
860
258
1,147
678
180
504
130
31,482
20, 556
1,053
899
251
1,183
653
184
532
91
34,285
22,606
695
972
270
1,314
706
186
546
95
36,732
24,502
882
969
267
1,425
738
187
561
97
37,039
24, 635
880
1,021
278
1,422
789
189
588
114
38,609
26, 563
922
1,070
289
1,536
837
189
626
113
1
2
3
4
5
6
7
8
9
10
2,522
1,337
1,185
707
222
2,673
1,492
1,181
703
200
2,829
1,654
1,175
751
223
2,924
1,933
991
788
221
3,505
1,927
1,578
879
244
3,964
1,990
1,974
1,002
221
4,535
2,101
2,434
1,151
227
4,538
2,366
2,172
1,298
244
5,199
2,866
2,333
1,421
275
5,009
2,462
2,547
1,802
293
4,806
2,791
2,015
2,057
260
4,142
3,260
882
2,076
246
11
12
13
14
15
976
1,245
982
1,290
723
868
785
433
405
565
352
496
16
-19,202
-13,501
-1,222
-1,232
-377
-872
-38
-31
-258
-192
-19,155
-13,254
-1, 272
-1,231
-395
-840
-39
-34
-264
-203
-19,817
-14,022
-1,105
-1,250
-401
-863
-34
-36
-256
-200
-21,261
-15, 020
« -1, 185
-1, 329
-423
-945
-43
-38
-264
-193
-23,055
-16,285
-1, 169
-1,338
-465
-1,106
-56
-40
-287
-207
-24,356
-17, 168
i» -1, 231
-1, 394
-449
-1,134
-49
-43
-290
-206
-24,897
-17,683
-1,067
-1, 375
-439
-1, 203
-46
-46
-293
-227
-26,911
-19, 363
-1,162
-1, 419
-437
-1, 251
-58
-47
-309
-222
-29,694
-21, 942
-1, 153
—1, 445
-482
-1, 332
-43
-48
-307
-236
-34,710
-26, 284
-1,298
-1, 499
-504
-1, 466
—41
-47
—313
-253
-36,019
-27, 322
-1,265
-1,484
-513
-1,514
-38
-46
-314
-247
-36,935
-28, 101
-1,316
-1,552
-596
-1,630
-38
-45
-328
-231
17
18
19
20
21
22
23
24
25
26
-242
-157
-85
-601
-636
-348
-191
-157
-634
-641
-309
-155
-154
-661
-680
-386
-212
-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
-36
-319
-1,350
-1,001
-363
-84
-279
-1, 592
-1,050
—422
-23
-399
-1, 778
-1,076
-192
-123
-69
-1,771
-1, 135
27
28
29
30
31
-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
is-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
442
544
—178
-1
77
-238
-127
213
11
-23
-43
-246
-358
-1,002
139
—171
185
-252
-81
3
—177
-15
108
-177
-16
66
-13
226
9
8
-6
-13
-10
-15
-28
-209
-37
-29
-244
-85
—123
-728
-151
—20
-84
243
38
39
40
41
42
-212
-794
539
43
-271
-853
538
44
-518
-977
435
24
-566
-1, 194
573
55
-572
-1, 176
695
-91
-423
-1,222
789
10
-608
-1,207
558
41
-1,042
-1,034
555
-563
131,389
-1, 191
»2,788
3-208
267
-1,212
864
615
-354
-1, 053
575
124
-938
-1,546
598
10
43
44
45
46
—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
203
-38609
—1, 644
-653
-991
-28
-7, 527
-3, 785
-2,207
-1, 578
55
-3,742
-2,691
-717
-1,974
-86
-2, 558
-2, 159
275
-2,434
-196
-6, 561
-2, 718
-546
-2,172
-445
-7,057
900
3,233
-2,333
-600'
-10,227
-1,790
757
-2, 547
-272
-6,338
-4,385
-2, 370
-2,015
-282
-10, 019
-3, 776
-2,894
-882
-699
47
48
49
50
51
—74
-174
—64
-121
20
-261
—125
-255
—136
-673
—50
-152
-155
-347
—55
-815
-128
-1,985
-588
—138
411
-208
-585
52
53
-189
-893
-346
536
-360
-697
-412
-1,145
-273
-2,715
-326
-437
176
123
-510
-2,018
-178
-5,066
-913
-6, 664
88
-2,032
-180
-4,571
54
55
4,375
4,278
6,379
6,429
10, 743
3,056
2,167
2,422
6,314
9,662
9,103
9,163
56
2,770
4,737
1,863
236
-122
"2,656
1,104
O7)
25
88
"991
-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
-1,138
-1-, 132
-903
-229
10
-22
6
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
57
58
59
60
61
62
63
1,605
-136
-221
85
-3
1,059
-2
84
"4,593
62
-2
132
"1,610
123
9,937
8,535
7,809
726
166
997
239
3,174
373
216
157
-83
961
1,642
310
156
154
-12
718
4,566
403
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
7,452
1,784
1,465
319
136
712
5,228
539
260
279
-240
363
6,041
1,610
1,211
399
200
227
4,975
828
759
69
601
-925
64
65
66
67
68
69
-59
45
208
42
260
-44
185
178
244
2
60
-6
182
272
-188
469
-41
395
-364
754
-160
399
475
386
70
71
200
499
178
911
83
1,590
178
-463
-73
483
177
-1, 145
-61
2,033
177
-1, 182
153
-1,823
78
2,187
28
951
-32
3,160
155
4,311
7
4,169
-40
3,805
-113
3,723
-2,995
577
224
-334
-1,720
-1,553
1,838
1,311
-2,014
377
483
83
-1,166
—2, 168
1,079
1,710
72
73
74
75
75a
-1,677
-699
-1,115
-1,701
-1,637
-711
-1, 132
-1,690
-1,668
-316
-709
-1,282
-1,434
-215
-665
-1, 122
-818
896
499
138
-56
1,903
1,495
874
592
3,651
3,235
2,741
1,193
4,571
3,848
3,385
664
4,591
4,220
1,614
-1,782
2,022
1,572
173
-2,687
1,020
568
-243
-1,538
1,674
1,236
576
76
77
78
79
442
2,892
-238
1,016
-81
4,653
-127
1,731
213
9,771
11
-790
-23
-905
-43
-2,986
-246
-1,148
-358
4,487
-1,002
2,731
139
4,174
80
81
(17)
f
(17)
(17)
SURVEY OF CURRENT BUSINESS
40
June 1980
Table 2.—U.S. International
[Millions of
19're
19'75
(Credits +; debits -)i
Line
I
1 Exports of goods and services 2
2
Merchandise adjusted excluding military 3
3
4
5
6
7
3
g
10
- -
-
11
12
13
14
15
Transfers under U S military agency sales contracts
Travel
_._
. . .
Passenger fares
.
Other transportation
Fees and royalties from affilia'tedl 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
- --
16
Transfers of goods and services under U.S. military grant programs, net.
935
1,187
262
1 453
--
_ _.
_.__.-
-
—-
U.S assets abroad net (increase/capital outflow ( — ))
38
39
40
41
42
U S official reserve assets net*
Gold
'
Special drawing rights
Reserve position in the International M^onetary 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 *
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
_ _
54
55
-
- --
Foreign assets in the United States, net (increase/capital inflow (+)) .- --
56
57
58
59
60
61
62
63
Foreign official assets in the United States net
U.S . Government securities8
U S . Treasury securities
Other?
Other U.S Government liabilities 8
-U S liabilities reported by 9U S. banks not included elsewhere. .Other foreign official assets
64
65
66
67
68
69
70
71
72
73
74
75
75a
76
77
78
79
80
81
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 l10
_ - . .
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)11
Balance on goods and services (lines 1 and 17)
Balance on goods services and remittances (lines
77 35 and 36)
1
Balance on current account (lines 77 and 33) i
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 (-f) in foreign official assets in the United States (line 57 less line 61)
See footnotes on page 55.
37, 478
25 870
902
1,127
241
1,424
887
189
708
128
38,301
26 117
1,040
1,144
277
1,442
887
189
746
107
40,704
27 634
1,712
1,239
259
1,521
904
191
797
103
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
284
II
in
IV
41,095
27 558
1,198
1,324
276
1,678
888
195
824
123
42, 207
28 263
1,150
1,443
43 654
29 066
1 495
1 518
44 674
29 858
1 611
1 457
1 681
1 791
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
I
308
1,597
882
201
876
116
325
887
209
924
120
320
874
217
961
130
55
163
50
87
152
83
-34,619
-25,852
-1,198
-1,713
-594
-1,486
-69
—47
-422
—265
-37,507
-28, 140
-1, 157
-1,682
-634
-1, 615
-87
—47
-452
—288
-39,525
-30, 134
-1,219
-1,658
-613
-1,646
-85
—47
-483
-308
-41,770
-32,167
-1,237
-1,715
-645
-1,754
-58
—47
-523
—331
-43,448
-33,610
-1,282
-1,801
-676
-1,837
-64
-48
-549
-300
-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
-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
-81
—46
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
-- •
P ri vate remittances and other transfers
IV
-33, 108
-24, 453
-1,096
-1,627
-574
-1,395
-54
-46
-394
—257
-360
—247
"Tj g military grants of goods and services net
III
-31,307
-22,791
-1, 185
-1,529
-526
-1,353
-83
—47
—375
—275
--
33
52
53
243
__
32
36
37
3,911
2 082
1,829
1,959
787
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
--
34
35
865
189
668
108
-33,804
—24, 945
-1,317
-1,548
-569
-1,454
.
17 Imports of goods and services
Merchandise adjusted excluding military 3
18
Direct defense expenditures
. . . -19
Travel
.
20
Passenger fares
21
Other transportation
..
22
23
Fees and royalties to affiliated foreigners
Fees and royalties to unaffiliated foreigners
24
Private payments for other services
25
U S Government payments for miscellaneous services
26
27
28
29
30
31
39, 247
27 467
II
1,202
—787
—1 202
-55
-50
-87
— 1 193
-753
—200
—240
—1 111
-719
—197
—195
-1,070
-617
—204
-249
-1,241
-806
-213
-222
-1,024
-548
-227
-249
-1,000
-556
-230
-214
-1,934
-1, 475
-238
-221
-1,039
-567
-239
-233
— 10 576
—9,591
-5, 099
-14,436
-12,364
-11,701
-10,618
-16,588
—327
—28
—333
-161
—4
—307
-16
— 16
_7
-5
-25
—95
-213
-21
—57
-83
877
— 1 530
624
29
—875
— 1 475
607
_7
—745
— 1 440
650
45
—9, 372
—4 022
—2, 193
— 1 829
— 1,931
—8,688
—3 990
-2, 272
— 1 718
-985
23
330
-163
-777
-1,580
-152
-408
-83
207
—716
-495
14
—798
-796
326
697
—977
— 1,496
595
—76
—749
—1, 416
719
—52
—914
—1,779
— 1 428
-2,060
— 1,124
-1, 689
-4, 021
— 1,495
460
— 1,955
-938
-13,298
—4, 736
-2, 190
—2,546
-2, 393
-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
75
37
-130
-809
-334
-549
-191
-556
135
-1,134
-23
639
-1, 203
—461
-3, 311
-359
-3, 466
-618
-31
-919
-4, 367
-289
-3, 412
-377
-4,409
-978
-2,342
-718
-8,843
2 587
3 971
2,691
6,421
7,470
7,953
8,820
12,276
4,039
2,481
2,165
316
688
181
689
2,958
1,327
1,261
66
1,638
-531
524
6,997
4,018
3,895
123
925
1,731
323
3,914
1,086
5,862
999
549
450
3,025
64
5,279
790
547
243
-88
51
-247
-377
-45
—237
715
150
3,419
5,858
5,358
500
395
—3 203
369
2,244
845
780
65
360
591
448
-1,731
-2, 822
-2, 847
25
246
320
525
3,095
1,682
1,367
315
517
134
762
3,699
2,066
1,998
68
1,376
-412
669
—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
1,038
3,771
1,472
360
-1
61
-6
-124
-39
109
-41
-231
-145
-25
-2, 479
-287
1,094
-114
1,752
146
541
-105
-16
3,532
3,738
59
560
251
-1,715
-2, 081
3,171
1,772
2,331
-86
2,066
463
2,522
5,443
5 003
4,250
3,079
6,171
5,779
5,060
1,664
5,193
4,740
4,123
1,782
6,085
5,650
4,844
-582
3, 588
3,112
2,564
-327
3,024
-28
1,884
-333
-1,977
-161
2,578
-777
2,323
930
541
437
1,036
385
777
661
425
-591
134
-18
615
17
-29
-461
547
18
37
63
60
75
1,883
277
4,567
1,848
-2, 209
4,124
1,835
-1,871
2,682
2,238
1,682
-3, 101
1,884
1,425
-3,752
1,226
754
187
-1,580
3,351
-408
1,320
-86
-50
207
6,072
SUKVEY OF CURRENT BUSINESS
June 1980
41
Transactions—Seasonally Adjusted—Continued
dollars]
19 rs
IS 77
19 79
1980
Line
I
IV
III
II
I
II
in
IV
I
II
III
IV
IP
44,953
29, 647
1,820
1,437
300
1,801
866
220
943
144
46,709
30, 861
1,844
1,521
355
1,829
921
226
943
129
47,162
30, 764
1,897
1,553
349
1,836
1,017
234
948
144
45,884
29, 544
1,891
1,639
362
1,798
989
241
968
140
49, 319
30, 922
2,121
1,722
367
2,026
1,140
244
1,028
142
54, 156
35,404
2,055
1,787
367
1,963
1,150
259
1,051
163
36, 828
2,013
1,804
407
2,131
1,195
274
1,064
159
61,131
38, 900
2,051
1,873
462
2,186
1,290
288
1,074
156
65,667
41, 805
2,000
1,968
498
2,420
1,232
282
1,067
132
67,763
42, 815
1,927
2,126
527
2,392
1,229
284
1,064
149
74,773
47, 198
1,692
2,051
540
2,419
1,305
288
1,066
164
78,305
50, 237
1,575
2,190
591
2,562
1,276
296
1,094
77
85,325
54, 708
1,700
2,212
606
2,696
1,321
307
1,137
90
1
2
3
4
5
6
7
8
9
10
4,888
3,086
1,802
2,491
396
5,040
3,271
1,769
2,628
412
5,263
3,323
1,940
2,725
432
4,890
3,115
1,775
3,037
385
5,752
3,141
2,611
3,410
445
5,781
3,802
1,979
3,688
488
6,107
3,215
2,892
4,013
437
7,525
3,538
3,987
4,853
473
7,991
4,072
3,919
5,723
549
8,892
4,447
4,445
5,833
525
10, 924
5,576
5,348
6,519
607
10,008
5,306
4,702
7,786
613
11, 354
5,798
5,556
8,640
554
11
12
13
14
15
56,432
39
53
31
81
76
49
91
16
-46,556
-36, 532
-1,367
-1,832
-676
-1,960
-69
-48
-541
-339
-48,497
-38,008
-1,462
-1,879
-690
-1,967
-52
-48
-541
-331
-48,553
-37, 952
-1,483
-1,830
-673
-1,956
-49
-48
-546
-330
-50,566
-39, 197
-1,511
-1,910
-709
-1,991
-74
-48
-566
-359
-54,288
-42, 063
-1,680
-2,008
-731
-2, 128
-100
-50
-611
-378
-56,951
-43, 699
-1,752
-2,028
-710
-2,131
-92
-53
-629
-383
-58,365
-44, 336
-1,874
-2, 231
-730
-2, 291
-98
-55
-652
-381
-60,638
-45, 715
-2,048
-2,208
-725
-2, 362
-104
-56
-675
-402
-62,935
-46, 919
-2,029
-2, 240
-744
-2, 513
-102
-57
-682
-424
-67,873
-50, 885
-2, 029
-2,389
-763
-2, 530
-110
-58
-690
-440
-72,267
-54, 258
-2,135
-2,371
-796
-2, 677
-105
-59
-690
-445
-78,555
-59, 462
-2, 275
-2, 413
-797
-2, 746
-154
-61
-717
-406
-86,016
-65,583
-2,400
-2, 661
-823
-2,808
-104
-62
-733
-417
17
18
19
20
21
22
23
24
25
26
-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
-630
-324
-306
-1,952
-1, 957
-1,262
-431
-831
-1,261
-465
-796
-2, 298
-2, 158
-1,058
-408
-650
-2, 825
-2, 460
-1,155
-517
-638
-3, 307
-2,763
-1,540
-535
-1,004
-3, 694
-2, 746
-1,703
-618
-1,085
-4, 285
-2, 743
-1,635
-633
-1,002
-5, 075
-2, 814
-1,453
-474
-979
-5, 919
-3, 053
27
28
29
30
31
-2, 113
-2, 099
62
49
29
49
88
139
-39
-53
-31
-81
-76
-49
-62
-49
-29
-49
-88
-139
-91
32
-1,097
-626
-240
-231
-1,272
-811
-232
-229
-1,235
-774
-254
-207
-1,002
-564
-246
-192
-1,204
-773
-254
-177
-1,307
-831
-270
-206
-1,233
-772
-276
-185
-1,313
-795
-287
-231
-1,324
-860
-265
-199
-1,383
-899
-288
-196
-1,407
-878
-304
-225
-1,552
-887
-330
-335
-1,876
-1,312
-309
-255
33
34
35
36
-1,705
-12,230
-6,690
-15,168
-15,048
-5,749
-9,977
-30,418
-420
-58
-24
112
187
248
115
-9
133
-12
-16
324
-121
—104
-389
27
-83
-80
139
-43
-60
-29
42
4
—43
195
-37
-1,062
-1, 772
642
68
-885
-1,453
666
-98
-1, 001
-1,746
702
43
-746
-1,475
709
20
-1,009
-1,671
705
-43
-1, 257
-1,998
729
12
-223
-2,387
-585
-1,802
-749
-11,321
-3,831
-2, 062
-1,769
-1,784
-5, 801
-3, 155
-1,215
-1,940
-2, 177
-14,379
-3, 525
-1,750
-1,775
-749
-14,226
-4, 707
-2, 096
-2,611
-1,008
-4, 740
-4, 051
-2, 072
-1,979
-1,106
7
-778
50
-1,174
201
1,109
-306
3,990
18
-4,600
-447
-1,332
-357
-998
-16
-8, 734
-63
-2, 178
-311
-5, 959 •
437
-85
-7,768
-15,279
-25,215
-13,487
-11,817
37
182
-65
1,412
3,275
-4, 440
-3,585
343
2,779
-3,246
—1 142
-86
-2,357
6
-78
415
-644
-65
-52
2,831
27
-606
—1 152
-34
-2, 060
38
39
40
41
42
-1,386
-2, 161
745
30
-991
-1,640
763
-114
-1, 102
-1,875
820
-47
-991
-1,900
893
16
-766
-1,806
998
42
-925
-2, 071
1,141
5
-1,461
-2, 657
1,027
169
43
44
45
46
-8,706
-3, 010
-118
-2, 892
-488
-29, 609
-4,578
-591
-3, 987
-849
-3, 081
-5, 819
-1,900
-3, 919
-1,001
-14,631
-7, 214
-2, 769
-4,445
-513
-27,228
-7, 156
-1,808
-5,348
-2, 143
-11,918
-4, 129
573
-4, 702
-986
-7, 110
-5, 345
211
-5, 556
-787
47
43
49
50
51
1*935
1* -932
1*410
i« -7, 839
is -16, 997
15-7,213
61
-90
« 102
15 -5, 179
is -22, 284
775
17, 069
28,048
2,201
6,407
24, 941
4,777
3,556
3,093
463
221
916
84
18,368
13, 240
13, 365
-125
1,695
3,177
256
-8, 744
-8, 757
-8, 752
-5
-128
-72
213
-10,095
-12,765
-12,859
94
122
2,354
195
5,789
5, 359
5,024
335
216
56
158
9,680
1,608
958
650
1U,566
519
10,945
1,120
482
638
ifl2,564
803
16,502
2,812
1,808
1,004
-120
1,149
19, 152
3,217
2,133
1,085
1,466
677
5,246
2,564
1,561
1,002
i«920
313
1*579
i* -543
1*606
1*1,050
12,082
13, 185
400
10, 364
1,167
-825
-3, 641
11,264
2,400
-9, 225
-250
-915
-1,802
2,629
13, 995
14, 181
19,935
18,204
5, 525
5,403
5,305
98
597
-725
250
7,714
5,763
5,153
610
217
752
982
8,211
7,551
6,924
627
321
-163
502
15,125
13, 821
12,848
973
24
909
371
15, 422
13, 021
12, 904
117
527
1,456
418
-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
2,783
1,355
1,050
306
881
453
6,049
2,313
1,482
1,347
12, 292
2,620
1,824
796
-1,068
493
-246
-133
-168
-46
83
539
-189
633
28
470
-63
378
86
918
42
-5, 346
104
6,136
194
2,446
33
3,110
250
-654 |
1,775
-58
1,294
780
-4,865
-2,453
915
1,729
3,015
121
-6,885
-1,603
-2,074
-2,700
-7, 147
-1,788
-2,249
-3,060
-7,188
-1,391
-1,852
-2,626
-9,653
-4,682
-5, 120
-5,684
-11,141
-4, 969
-5,400
-6, 173
-420
4,928
-24
7,497
112
7,890
—43
15, 101
187
14,895
-129
-1,769 [ K-2,442
78
237
-5,273
-5, 628
-5, 839
211
-222
-61
637
831
818
1,256
9,076
732
-8,295
-2, 795
-3,271
-4, 102
248
-5,052
is 6, 181
-245 |
68
9,243
6,164
-3, 926
-2,850
3,190
1,998
7,001
1,139
3,020
74
-7, 508
-1,933
-2,394
-3, 166
-6,815
493
-25
-820
-5, 114
2,732
2,268
1,408
-8, 070
-110
-594
-1,493
-7,060
2,506
1,977
1,099
115
4,556
182
16, 673
-3,585
-8, 616
343
-10,216
2,779
5,573
n.a. f
52
53
15 -978
54
55
4,025
5,016
56
-1,221
-5, 728
-5, 769
41
-924
4,881
550
-7, 765
-4, 702
-5,503
801
-43
-3, 365
345
57
58
59
60
61
62
63
12, 781
1,123
145
979
1*3,279
2,477
64
65
66
67
68
69
-644
-297
n.a. ft
70
71
( 72
5,902 \
73
74
1,152
75
8,215
-115
75a
-10,875
-691
-1,255
-2,567
76
77
78
79
-3,246
-7, 722
80
81
SUEVEY OF CURKENT BUSINESS
42
June 1980
Table 3.—U.S.
[Millions
Line
A
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
42,663
43,573
49,227
70,873
97,997
107,589
115,156
121, 150
143,578
181,637
on
on
QC
QA
Q9
Af\A
e-7
Balance of payments adjustments to Census trade data:
EXPORTS
1
1 Merchandise exports, Census basis including reexports and excluding military
grant shipments.
Adjustments:
4
5
g
7
g
9
10
00
Private gift parcel remittances
- 17
Virgin Islands exports to foreign countries
Gold exports, nonmonetary
Inland U S freight to Canada
-948
U S -Canadian reconciliation adjustments, n.e.c., net 2
_
522
Merchandise exports transferred 3under U.S. military agency sales contracts -1,109
identified in Census documents.
AK.
Other adjustments net 4
Of which quarterly seasonal adjustment discrepancy 5_
Equals: Merchandise exports, adjusted to balance of payments basis, excluding
"military" (table 1, line 2).
ftfi
9«T
97 e
•rcc
oqi
fiflS
q
-839
-i
42,469
43,319
4ft 111
tK
-1, 191
1 1 £iB
-1, 278
1 9 en
-1, 753
fiA.1
1 1 JO
-2, 620
102
81
14
153
104
209
on
(•Kn
AQ1
1 C, 4 A
-2, 976
9 O97
-3,285
-4, 720
QA
1 ^Q
899
2,217
-3, 229
1 Aq
i ifi
91 A
901
40
49,381
71,410
98,306
107,088
114,745
120,816
142,054
182,055
ee on
AQ fi49
|AA £JA
Qfi 573
121 009
147 fi8<»
m
nnc
2 469
2 705
1 286
IMPORTS
Merchandise imports, Census basis 1 (general imports)
70 A
Q7fi
ntt-j
Adjustments:
12
13
14
15
16
17
Virgin Islands imports from foreign countries. . «
_
Gold imports nonmonetarv
U S -Canadian reconciliation adjustments, n.e.c., net 2
Merchandise imports of U.S. military agencies identified in Census documents 3. _
Other adjustments, net *
Of which quarterly seasonal adjustment discrepancy •
18
Equals: Merchandise imports, adjusted to balance of payments basis, excluding
"military" (table 1, line 18).
B
Merchandise trade, by area, adjusted to balance of payments basis, excluding
military: ?
242
fill
386
19
463
423
303
-179
g
-185
38
-189
141
-310
qoc
39,866
45,579
55,797
42 469
43 319
14 167
13 589
2, 543
8 209
2 631
3 325
2, 405
8 008
2 539
3 176
2 742
8 589
2 716
3 619
g
1 927
1 936
83
206
608
65
-361
901
-293
52
70,499
103,649
49 381
71 410
98 306
14 950
21 216
16 70S
3 760
12 377
3 793
28
21
4
16
4
fi
528
156
205
359
174
9 77Q
o 9A9
844
1 4.07
226
347
-297
327
-239
478
-162
791
-193
98,041
124,051
151,689
175,813
211,524
781
EXPORTS
1 Total, all countries (A-10)
2
3
4
5
6
7
_
Western Europe
European Communities (9)
United Kingdom
European Communities (6)
Germany _
Western Europe, excluding EC (9)
- - -
_
_
_.
_-
_ _ _ _ _ _
g
g
10
11
Eastern Europe
- Canada *
Latin American Republics and other Western Hemisphere
Mexico
-
12
'13
14
Japan
Australia, New Zealand, and South Africa
Other countries in Asia and Africa
15
16
17
Memoranda:
Industrial countries 77
Members of OPEC
Other countries 7
18
Total, all countries (A-18)
-
_
_
__ _
—
A KflQ
107 088
114 745
120 816
142 054
182 055
164
744
70f>
401
6S7
490
29 884
22,854
4,881
17 358
5 052
7 030
31 883
24,917
5,101
19 090
5 401
6 966
34 094
26, 493
6,035
19 533
5 850
7 601
39 546
31, 778
7,277
23 378
7 20.
7 763
54 090
42 389
10, 795
30 157
8 677
11 701
q 47g
6 514
1 705
10 927
6 46?
1 622
13 100
7 227
1 985
900
2 047
16 710
9 061
2*962
1 737
2i g49
15 8^0
4*860
3 249
23 537
17 103
5 166
4,123
26 336
16 871
5,011
2
28
17
4
895
533
921
834
3 893
31 229
22 033
6 6S9
5 994
36 235
28 552
9 931
4 650
1 593
5 685
4 053
1 603
6 175
4 063
1 542
6 690
8 356
2*247
10 873
10 724
3 757
16 262
9 567
3 503
20 235
10 196
3,920
21 416
10 566
3,777
23 030
12 969
4,213
28 180
17 627
5, 435
34 072
29 888
1 904
10 295
30 262
2 127
10 510
34 564
2 551
11*366
48 5^9
3 414
17 420
64 487
6 210
25 863
66 496
9 956
27 387
72,335
11 561
26 726
76, 970
12 877
28,074
87, 948
14 846
35,367
113 437
14 530
48 094
39 866
45 579
55 797
70 499
103 649
98 041
124 051
151 689
175 813
211 524
11 294
12 813
15 661
2 214
6 674
3 157
2 406
2 477
7 600
3 680
2 736
2 046
0 126
4*308
3 589
10 774
15 816
3 527
11 610
5 591
3 958
24 267
10 244
4 123
14 308
6 30°
5 023
20 764
16, 513
3 737
12 145
5 358
4 251
23 003
17, 739
4,160
12 823
5 581
5 264
28 226
22,119
5,135
16 163
7 249
6,107
36 618
29, 053
6,475
21 574
9 970
7 560
41 829
33, 225
8 010
24 189
10 953
8 60.
875
382
420
IMPORTS
19
20
21
22
23
24
Western Europe
European Communities (9)
United Kingdom
_
European Communities (fi)
Germany. . _
Western Europe, excluding EC (9)
25
26
27
28
Eastern 2Europe. __
Canada
_
Latin American Republics and other Western Hemisphere
Mexico...
29
30
31
Japan
Australia, New Zealand, and South Africa
Other countries in Asia and Africa
32
33
34
Memoranda:
Industrial countries 77
Members of OPEC
.__
Other countries 7
See footnotes on page 55.
225
363
10 696
5 912
1 219
12 214
6 116
1 269
14 403
7 066
1 632
601
977
17 694
9 644
2 305
22 392
18* 658
3 391
21 710
16 177
3 059
26 475
17 203
3 599
1 127
29 645
21, 164
4 694
1 508
33 552
23, 041
6 094
1 895
38 703
30 555
8 814
5 894
1 128
4 724
7 278
1 158
5,775
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
38,480
18,565
2,702
50,170
24 541
4 440
52, 113
26 255
5,494
66,788
29 012
1,763
8,873
33,463
2,265
9,626
40 643
2,974
11, 817
48 085
5 097
15 816
61 092
17 234
24 346
55,973
18, 897
22, 437
67,488
27,409
27, 970
79, 228
35, 778
34,902
99,151
33,286
41, 116
112, 286
45,035
51, 123
218
734
SURVEY OF CURRENT BUSINESS
June 1980
43
Merchandise Trade
of dollars]
Not seasonally adjusted
II
1980
1979
1978
I
Seasonally adjusted
III
IV
I
II
III
IV
1978
1979
IP
I
II
III
IV
I
II
35,668
37,217
39,631
41, 178
42,879
21
33
27
19
31
34
8
187
194
209
636
474
641
-1,310 -1, 210 -1,229
35
47
9
208
526
-885
1980
III
Line
IV
IP
47, 227
50,350
53,115
1
34
44
50
208
581
-823
33
76
77
241
524
-793
51
42
23
242
586
-728
37
25
77
262
585
-702
2
3
4
5
6
7
30,949
37,026
35,264
40,339
41,071
44,414
44,621
51,531
52,974
30,944
21
20
28
163
367
-971
21
19
8
202
636
-1,310
27
31
33
34
184
474
-1,210
207
641
-1,229
35
47
9
202
526
-885
34
44
50
225
581
-823
33
76
77
227
524
-793
51
42
23
245
586
-728
37
25
77
250
585
-702
21
20
28
166
367
-971
109
130
-231
72
324
-98
-163
-53
620
347
238
175
45
95
326
-419
-491
687
363
-158
-60
-187
-24
-329
-276
1,309
689
8
9
30,686
36, 732
34,539
40,097
41,329
44,427
44,602
51,697
53,866
30,922
35,404
36,828
38,900
41,805
42,815
47,198
50,237
54,708
10
40,517
43,200
43,142
45,119
45,387
50,119
53,122
57,699
61,838
41,329
42,474
43,494
44,698
46,490
49, 115
53,490
57,251
63,192
11
906
196
-46
-42
288
473
211
73
-33
138
733
292
-139
-37
146
667
145
-235
-50
149
621
237
715
353
782
290
1,084
527
1,182
1,154
1,084
527
1,182
1,154
-62
315
-78
906
667
145
-235
-50
490
341
782
290
-51
-23
733
292
-139
-37
-7
-153
715
353
-44
165
473
211
73
-33
501
363
621
237
-36
324
906
196
-46
-42
-280
-568
-36
-393
-717
-44
746
581
-51
-253
-230
-62
662
347
-78
133
-773
12
13
14
15
16
17
41,819
44,062
44,137
45,795
46,533
51,308
54, 120
59,563
65,002
42,063
43,699
44,336
45,715
46,919
50,885
54,258
59, 462
65,583
18
30,686
36,732
34,539
40,097
41,329
44,427
44,602
51,697
53,866
30,922
35,404
36,828
38,900
41,805
42,815
47,198
50,237
54,708
1
8,751
7,045
1,713
5,088
1,562
1,706
9,883
7,991
1,956
5,761
1,641
1,892
9,387
7,539
1,566
5,717
1,840
1,848
11,525
9,203
2,042
6,812
2,161
2,322
12, 534
10,009
2,564
7,073
2,157
2,525
13, 126
10, Oil
2,563
7,107
2,012
3,115
12, 578
9,979
2,634
7,031
1,982
2,599
15,852
12,390
3,034
8,946
2,526
3,462
18, 287
14, 301
3,229
10,635
2,950
3,986
8,519
6,897
1,705
4,957
1,482
1,622
9,659
7,795
1,887
5,630
1,641
1,864
10,291
8,212
1,700
6,224
2,028
2,079
11,077
8,874
1,985
6,567
2,053
2,203
12, 372
9,905
2,579
6,968
2,058
2,467
12, 781
9,749
2,452
6,952
2,009
3,032
13,581
10,686
2,811
7,524
2,184
2,895
15,356
12,049
2,953
8,713
2,426
3,307
18, 120
14, 216
3,281
10, 514
2,807
3,904
2
3
4
5
6
7
921
6,743
4,641
1,320
1,418
8,557
5,497
1,597
864
7,190
5,618
1,740
690
8,739
6,277
2,032
997
8,649
6,008
2,060
1,451
9,463
6,852
2,447
1,558
8,615
7,252
2,492
1,988
9,558
8,440
2,932
1,229
9,637
8,152
3,059
825
6,802
4,886
1,357
1,298
7,928
5,438
1,550
1,040
7,940
5,739
1,796
730
8,559
5,970
1,986
825
8,745
6,369
2,110
1, 255
8,755
6,788
2,377
1,844
9,489
7,373
2,581
2,070
9,296
8,022
2,863
1,082
9,782
8,685
3,121
8
9
10
11
2,626
865
6,139
3,065
1,057
7,255
3,340
1,041
7,099
3,929
1,250
7,687
4,220
1,177
7,744
4,108
1,337
8,090
4,559
1,265
8,775
4,740
1,656
9,463
5, 033
1,461
10,067
2,546
865
6,479
3,112
1,057
6,912
3,506
1,041
7,271
3, 796
1,250
7,518
4,112
1,177
8,205
4,177
1,337
7,722
4,753
1,265
8,893
4,585
1,656
9,252
4,907
1,461
10, 671
12
13
14
18,985
3,336
7,444
22, 562
3,853
8,899
20, 958
3,775
8,942
25,443
3,882
10,082
26, 580
3,303
10,449
28, 034
3,531
11, 411
27, 017
3, 760
12, 207
31, 800
3,936
13,967
18, 732
3,570
7,795
21, 756
3,709
8,641
22,778
3,814
9,196
24, 682
3,753
9,735
26,406
3,534
11, 040
27,050
3,415
11, 095
29,088
3,781
12,485
30, 893
3,800
13,474
34,270
4,137
15, 219
15
16
17
41,819
44,062
44,137
45,795
46,533
51,308
54,120
59,563
65,002
42,063
43,699
44,336
45,715
46,919
50,885
54,258
59,462
65,583
18
8,772
6,888
1,523
5,122
2,422
1,884
9,161
7,285
1,712
5,313
2,418
1,876
9,126
7,323
1,611
5,470
2,486
1,803
9,559
7,562
1,629
5,669
2,644
1,997
9,243
7,239
1,658
5,331
2,409
2,004
10, 616
8,540
1,984
6,297
2,922
2,076
10, 401
8,359
2,064
6,057
2,732
2,042
11, 569
9,087
2,304
6,504
2,890
2,482
12,358
9,372
2,425
6,665
3,125
2,986
8,883
7,028
1,589
5,198
2,422
1,855
9,065
7,208
1,652
5,302
2,418
1,857
9,313
7,437
1,629
5,551
2,486
1,876
9,357
7,385
1,605
5,523
2,644
1,972
9,385
7,413
1,736
5,430
2.409
1,972
10, 493
8,448
1,917
6,277
2,922
2,045
10,580
8,450
2,086
6,111
2,732
2,130
11,371
8,914
2, 271
6,371
2,890
2,457
12,564
9,616
2,538
6,798
3,125
2,948
19
20
21
22
23
24
370
7,829
5,674
1,396
358
8,980
5,710
1,453
352
7,708
5,629
1,489
428
9,035
6,028
1,756
315
9,119
6,657
1,904
434
9,883
7,197
2,102
516
9,109
7,828
2,145
630
10, 597
8, 873
2,663
334
11, 164
9,933
3,133
369
7,912
5,569
1,357
359
8,503
5,699
1,397
351
8,352
5,701
1,626
429
8,785
6,072
1,714
315
9,201
6,556
1,852
434
9,386
7,191
2,035
516
9,824
7,914
2,342
630
10, 297
8,894
2,585
334
11, 273
9,824
3,134
25
26
27
28
5,753
904
12, 517
6,276
1,052
12, 525
6,385
1,104
13,833
6,127
1,380
13,238
6,269
1,229
13, 701
6,569
1,466
15, 143
6,616
1,422
18, 228
6,801
1,377
19, 716
7,287
1,656
22, 270
5,757
904
12, 669
6,237
1,052
12,784
6,322
1,104
13, 193
6,225
1,380
13,467
6,304
1,228
13,930
6,492
1,466
15,423
6,554
1,422
17, 448
6,905
1,378
19, 987
7,354
1,656
22, 578
29
30
31
23,258
8,503
9,503
25, 469
7,823
10, 234
24, 323
8,489
10, 689
26, 101
8,471
10,690
25,860
8,763
11, 373
28,534
9,863
12, 125
27, 548
12, 487
13, 316
30, 344
13, 922
14, 309
32,465
15,298
16, 056
23, 456
8,422
9,631
24,857
8,176
10, 129
25,091
8,198
10,412
25, 747
8,490
10, 944
26, 118
8,744
11, 520
27,837
10, 277
11,985
28,380
12, 110
12, 999
29, 951
13,904
14, 619
32,847
15, 287
16,266
32
33
34
34, 418
3,856
14,363
SURVEY OF CUKRENT BUSINESS
44
June 1980
Table 3.—U.S.
[Millions
1970
Line
1971
1972
2,603
-2,260
-6,416
2,873
776,
329
1,625
-526
919
-72
408
-1, 141
440
1973
1974
1975
1976
1977
1978
1979
Merchandise trade, by area, adjusted to balance of payments basis, excluding military— Continued
B
BALANCE (EXCESS OF EXPORTS-}-)
35
36
37
38
39
40
41
Western Europe
- _ _
European Communities (9)
United Kingdom
European Communities (6)
_ _ _ _ _ _
_
_
- --
Western Europe excluding EC (9)
911
-5,343
9,047
-204
-537
-1, 592
30
1,442
892
233
758
-1,868
550
3,897
2,500
583
2,093
-1, 615
1,397
9,120
6,341
1,144
5,213
-306
2,779
8,880
7, 178
941
6, 267
-177
1,702
5,868
4,374
900
3,370
-1,399
1,494
2,928
2,720
802
1,804
-2,766
208
12,261
9,164
2,785
5,968
-2, 276
3,097
2, 515
1,827
931
2,107
3,248
-139
-337
1,412
1,768
-1,112
-3, 243
140
2,385
-2,323
-1,008
595
4,099
-2, 423
-2,003
1,117
-711
-9, 306 -30,873 -33,759 -29,469
42
43
44
45
Latin American Republics and other WTestern Hemisphere
Mexico
- -
164
-1,218
602
486
195
-1, 287
346
360
537
-1, 384
161
353
1,446
-984
317
656
760
-550
-2,838
1,469
46
47
48
Australia New Zealand and South Africa
Other countries in Asia and Africa
-1, 244
465
961
-3,225
535
400
-4, 113
129
-1,035
-1,309
395
-396
-1,690
1,738
-6, 660
-1,690 -5, 335 -7,999 -11, 581 -8, 628
-59
1,441
1,266
985
-227
-4, 922 -17, 064 -27, 140 -23, 933 -32, 716
876
141
1,422
-3,201
-138
884
-6,079
-423
-451
3,395
-456
-1, 683 -11,015
1,604
1,517
4,847 -2, 258 -11, 203
1,151
10, 523
-8, 941 -15,848 -22,901 -18, 440 -30, 505
4,950 -1, 244 -6,828 -5, 749 -3,029
42,469
43,319
49,381
71,410
98,306
107,088
114,745
120,816
142,054
182,055
7,374
35,095
7,831
35,488
9,513
39, 868
17,978
53, 432
22, 412
75, 894
22,242
84,846
23, 381
91, 364
24,331
96,485
29,902
112, 152
35,413
146,642
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
19, 723
19, 112
10, 245
4,394
25, 156
24, 133
13, 467
5,188
29,804
28,624
16,692
5,734
- ..
13, 795
1,515
12, 280
1,697
515
4
12,703
1,774
10, 930
1,703
511
25
13, 966
2,080
11,886
1,704
488
28
19, 862
2,899
16, 963
1,947
605
50
30,129
3,787
26, 342
3,586
851
89
29, 945
3,120
26, 825
4,739
986
459
32, 116
3,688
28, 428
4,653
1,078
348
34, 477
4,642
29,835
4,764
1,334
1,093
39, 246
5,334
33, 912
4,503
1,585
1,163
57, 697
6,299
51, 398
6,671
1,966
5,109
--
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
838
39, 112
32,035
3,214
893
39, 767
33,487
2,750
589
46, 470
38, 332
3,657
818
58,153
46,571
6,244
985
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, 584
10,375
5,209
17,441
11,056
6,385
49
50
51
Memoranda :
Industrial countries 7
Members of OPEC 7
Other countries 7
Merchandise trade, by principal
end use category, adjusted to balance of payments
basis, excluding military.2
C
EXPORTS
1 Total (A-10)
2
3
—
Nonagricultural products
4
5
6
7
Foods feeds and beverages
Foods feeds and beverages— agricultural
Grains
Soybeans
-
8
9
10
11
12
13
Industrial supplies and materials
Agricultural
Nonagricultural
Fuels and lubricants
Petroleum and products
_
Nonmonetary gold
. - - -_
14
15
16
17
Capital goods except automotive
Machinery except consumer-type
Civilian aircraft complete—all types
O ther transportation equipment
18
19
20
Automotive vehicles
parts, and engines
To Canada 8
To all other areas
.
.
--
3,870
2,692
1,178
21
Consumer goods (nonfood) except automotive
All other, including balance of payments adjustments, not included in lines C 4-21.
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
10,418
5,180
12, 624
6,336
39,866
45,579
55,797
70,499
103,649
98,041
124,051
151,689
175,813
211,524
34, 573
89,478
44,983
106,706
42, 312
133, 501
60,011
151,513
22
--
.
___
. _
_
.__.
.
. .-
IMPORTS
23
24
25
26
Total (A-18)
Petroleum and products
Nonpetroleum products _
- __
.
Foods feeds and beverages
27
28
29
Industrial supplies and materials
Fuels and lubricants
...
Nonmonetary gold
30
31
32
Capital goods except automotive
Machinery, except consumer-type ...
Civilian aircraft, engines, parts
33
34
35
Automotive vehicles, parts, and engines .
From Canada
From all other areas
36
37
Consumer goods (nonfood) except automotive
All other, including balance of payments adjustments, not included in lines C 26-36—
See footnotes on page 55.
..
. . _ _ _ .
_
.
2,927
36,939
3,650
41,929
4,650
51, 147
8,415
62,084
26,609
77,040
27, 017
71,024
6,147
6,364
7,258
9,119
10,568
9,642
11,546
13, 981
15, 397
17,367
15,343
3,168
162
17,444
3,974
240
20,958
5,101
367
28,049
8,966
514
54,428
27,488
966
51,030
28,454
330
64,332
36,975
939
80,653
47, 654
1,935
84,854
45,648
1,765
109,940
64,103
2,912
3,978
3,773
191
4,334
4,033
227
5,919
5,315
477
8,263
7,257
618
9,819
9,140
636
10,166
9,521
548
12,282
11, 815
406
13, 985
13,264
592
19,243
17, 987
982
24,588
22, 595
1,519
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
8,308
18,641
9,104
9,537
24, 214
10,255
13, 959
25, 558
9,525
16, 033
7,403
1,480
8,388
1,691
11,104
1,873
12, 892
1,919
14, 380
2,426
13, 211
2,299
17, 165
2,557
21, 796
2,633
28, 943
3,162
30,565
3,506
SUKVEY OF CUKKENT BUSINESS
June 1980
45
Merchandise Trade—Continued
of dollars]
Seasonally adjusted
Not seasonally adjusted
1980
1979
1978
I
II
III
IV
I
-11,133
-7,330
-9,598
-5,698
-5,204
II
-6,881
III
IV
IP
1978
1979
1980
I
II
III
IV
I
II
III
IV
Line
IP
-9,518
-7,866 -11,136
-11,141
-8,295
-7,508
-6,815
-5,114
-8,070
-7,060
-364
-131
116
-241
-940
-233
594
587
235
328
-777
7
978
775
71
673
-458
203
1,720
1,489
380
1,044
-591
231
2,987
2,492
843
1,538
-351
495
2,288
1,301
535
675
-913
987
3,001
2,236
725
1,413
-548
765
3,985
3,135
682
2,342
-464
850
5,556
4,600
743
3,716
-318
956
36
37
38
39
40
41
1,328
-335
-541
239
1,440
-1,001
-872
278
748
-1,491
-1, 139
-13
42
43
44
45
-9,225 -10,875
35
-21
157
190
-34
-860
-178
722
706
244
448
-777
16
261
216
-45
247
-646
45
1,966
1,641
413
1,143
-483
325
3,291
2,770
906
1,742
-252
521
2,510
1,471
579
810
-910
1,039
2,177
1,620
570
974
-750
557
4,283
3,303
730
2,442
-364
980
5,930
4,930
805
3,969
-175
1,000
551
-1,086
-1,033
-76
1060
-423
-213
144
512
-518
-11
251
262
-296
249
276
682
-470
-649
156
1,017
-420
-345
345
1,042
-494
-576
347
1,358
-1,039
-433
269
895
-1,527
-1,781
-74
456
-1, 110
-683
939
-575
-261
153
689
-412
38
170
301
-226
-102
272
510
-456
-187
258
821
-631
-403
342
-3, 127
-39
-6,378
-3,211
5
-5, 270
-3,045
-63
-6,734
-2, 198
-130
-5,551
-2,049
-52
-5,957
-2,461
-129
-7,053
-2,057
-157
-9,453
-2,061 -2,254
-196
279
-10,253 -12,203
-3,211
-39
-6, 190
-3, 125
5
-5,872
-2, 816
-63
-5, 922
-2,429
-130
-5, 949
-2, 192
-51
-5, 725
-2, 315
-129
-7, 701
-1,801 -2,320 -2,447
-157
278
-195
-8,555 -10,735 -11,907
46
47
48
-4,273
-5, 167
-2,059
-2,907
-3,970
-1,335
-3,365
-4, 714
-1, 747
-658
-4, 589
-608
720
-5,460
-924
-500
-6,332
-714
-531
-8, 727
-1,049
1,953
1,462
-9,986 -11,442
-342 -1,693
-4, 724
-4,852
-1,836
-3, 101
-4,467
-1,488
-2,313
-4,384
-1,216
-1,065
-4, 737
-1,209
288
-5, 210
-480
-787
-6,862
-890
942
708
1,423
-8,329 -10, 104 -11,150
-514 -1, 145 -1,047
49
50
51
30,686
36,732
34,539
40,097
41,329
44,427
44,602
51,697
53,866
30,922
35,404
36,828
38,900
41,805
42,815
47,198
50,237
54,708
1
6,678
24,008
8,001
28,731
6,914
27,625
8,309
31,788
7,822
33,507
8,057
36,370
8,376
36,226
11, 158
40, 539
10,504
6, 577
43, 362 ! 24,345
7,874
27,530
7,841
28, 987
7,610
31,290
7,662
34, 143
7,947
34,868
9,374
37,824
10,430
39, 807
10,385
44,323
2
3
5,282
5,143
2,869
1,092
6,838
6,646
3,740
1,548
6,064
5,673
3,585
784
6,972
6,671
3,273
1,764
6,231
6,062
3,081
1,607
6,651
6,402
3,731
1,177
7,415
6,981
4,682
902
9,507
9,179
5,198
2,048
8,279
8,135
4,862
1,599
5, 437
5.238
2,989
1,000
6,724
6,485
3,799
1,329
6,701
6,397
3,497
1,459
6,294
6,013
3,182
1,400
6,396
6, 155
3,225
1,467
6,578
6,265
3,789
976
8,128
7,807
4,588
1,676
8,702
8,397
5,090
1,615
8,547
8,347
5,075
1,497
4
5
6
7
8,433
1,409
7,024
561
331
288
9,826
1,227
8,599
1,127
382
255
9,946
1,154
8,792
1,309
415
344
11,041
1,544
9,497
1,506
4£7
276
12, 559
1,671
10, 888
1,366
423
903
13, 990
1,515
12, 475
1,635
461
1,139
14,560
1,253
13, 307
1,759
521
1,308
16, 588
1,860
14, 728
1,911
561
1,759
17,544
2,241
15, 303
1,716
661
1,009
8,368
1,213
7,155
651
349
288
9,516
1,262
8,254
1,069
367
255
10, 187
1,358
8,829
1,327
410
344
11, 175
1,501
9,674
1,456
459
276
12, 616
1,418
11, 198
1,597
443
903
13,506
1,541
11,965
1,526
444
1,139
14, 738
1,424
13,314
1,736
515
1,308
16,837
1,916
14, 921
1,812
§64
1,759
17, 633
1,909
15,724
1,302
688
1,009
8
9
10
11
12
13
9,999
8,539
500
193
11, 610
9,781
663
219
11,609
9,452
995
195
13, 252
10, 560
1,499
211
13, 523
10,775
1,477
260
14, 372
11, 692
1,337
245
14, 491
11, 463
1,755
219
15, 767
12,641
1,675
261
16,636
13, 176
1,845
333
10, 118
8,584
560
209
11, 252
9,475
656
216
12, 292
9,843
1,230
190
12,808
10, 430
1,211
203
13, 745
10, 837
1,606
285
13, 919
11, 364
1,267
239
15, 349
11, 927
2,089
211
15, 140
12, 443
1,282
250
17, 001
13, 263
2,082
366
14
15
16
17
3,508
2,355
1,153
4,247
2,882
1,365
3,404
2,170
1,234
4,425
2,968
1,457
4,391
2,909
1,482
4,713
3,134
1,579
3,729
2,248
1,481
4,608
2,765
1,843
4,296
2,604
1,692
3,475
2,293
1,182
3,904
2,574
1,331
3,948
2,612
1,337
4,257
2,896
1,359
4,344
2,831
1,513
4,339
2,791
1,547
4,341
2,729
1,613
4,417
2,705
1,712
4,311
2,580
1,731
18
19
20
2,249
1,215
2,735
1,476
2,568
948
2,866
1,541
2,928
1,697
3,176
1,525
3,076
1,331
3,444
1,783
4,625
2,486
2,280
1,244
2,601
1,407
2,674
1,026
2,863
1,503
2,971
1,733
3,022
1,451
3,208
1,434
3,423
1,718
4,688
2,528
21
22
41,819
44,062
44, 137
45,795
46,533
51,308
54, 120
59,563
65,002
42,063
43,699
44,336
45,715
46,919
50,885
54,258
59,462
65,583
23
10,635
31,184
9,972
34,090
10, 869
33, 268
10, 836
34,959
11,638
34,895
12, 906
38,402
16, 619
37, 501
18, 848
40, 715
21, 624
43, 378
10, 531
31, 532
10,426
33, 273
10, 492
33, 844
10, 863
34, 852
11, 593
35, 326
13, 473
37, 412
16,094
38, 164
18, 851
40, 611
21, 608
43, 975
24
25
3,864
3,853
3,588
4,092
4,063
4,471
4,058
4,775
4,483
3,661
3,746
3,845
4,145
3,924
4,315
4,378
4,750
4,440
26
20,763
11, 366
444
21, 259
10,902
439
21,404
11, 678
461
21, 428
11,702
421
22, 571
12, 511
391
25, 529
13, 897
636
29, 174
17,564
676
32, 666
20, 131
1,209
36, 889
23, 119
1,849
20,869
11, 219
444
21, 452
11,350
439
21,058
11, 351
461
21,475
11, 728
421
22,725
12, 412
391
25, 794
14, 456
636
28, 718
17, 110
676
32, 703
20, 125
1,209
37,049
22, 999
1,849
27
28
29
4,234
4,022
176
4,860
4,502
274
4,956
4,633
253
5,193
4,830
279
5,602
5,154
346
6,231
5,776
345
6,213
5,757
328
6,542
5,908
500
7,314
6,543
656
4,293
4,081
175
4,704
4,360
260
5,023
4,675
278
5,223
4,871
269
5,679
5,230
347
6,017
5,579
328
6,299
5,818
352
6,593
5,968
492
7,425
6,651
660
30
31
32
5,851
2,433
3,418
6,387
2,796
3,591
5,443
2,112
3,331
6,533
2,914
3,619
6,494
2,890
3,604
6,902
2,485
4,417
5,725
1,885
3,840
6,437
2,265
4,172
6,868
2,181
4,687
5,592
2,326
3,266
6,011
2,598
3,413
6,135
2,559
3,576
6,476
2,772
3,704
6,224
2,762
3,461
6,510
2,315
4,196
6,397
2,285
4,112
6,427
2,163
4,264
6,603
2,087
4,516
33
34
35
6,301
806
7,033
670
7,924
822
7,685
864
6,828
975
7,324
851
8,282
668
8,131
1,012
7,992
1,456 1
6,792
856
7,133
653
7,462
813
7,556
840
7,336
1,031
7,418
831
7,811
655
8,000
989
8,545
1,521
36
37
SUKVEY OF CUEKENT BUSINESS
46
June 1980
Table 3.—U.S.
[Millions
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
43,228
44,155
49,787
71,389
98,597
108,051
115,346
121,212
143,663
181,802
7,349
35,880
35, 315
7,785
36, 369
35,788
9,505
40,282
39,722
17, 861
53, 527
53,012
22,260
76,337
75,738
22,095
85,955
85, 494
23, 274
92, 072
91, 882
24, 219
96,993
96, 931
29,796
113, 867
113, 782
35,209
146, 593
146, 428
.
5,849
6,066
7,500
15,089
18, 489
19,086
19, 712
19, 591
25,033
29,612
__..
5,731
3,073
1,216
1,442
5,922
2,974
1,327
1,622
7,334
4,074
1,508
1,752
14,799
9,727
2,761
2,312
18, 222
11,568
3,537
3,116
18,764
12, 582
2,865
3,317
19, 307
12, 199
3,315
3,793
19,006
10, 242
4,393
4,371
24,034
13,469
5,208
5,357
28,432
16,686
5,701
6,045
Line
D
Merchandise trade, by end-use category, Census basis,1 including military grant
shipments:
1 Merchandise exports Census basis, including military grant shipments ( A-l)
2
3
4
5
6
7
8
9
10
11
Agricultural products
__
Nonagricultural products
Excluding military grant shipments __ __ __
.
.
Foods feeds and beverages
Agricultural
Grains and preparations
. .
Soybeans
O ther agricultural foods feeds and beverages
-
__
-
Nonagricultural (fish distilled beverages, etc.)
118
143
166
290
268
322
405
585
999
1,180
13, 690
12, 619
13,878
19,643
29,961
29, 775
31,960
34, 296
38, 959
57, 153
1,515
378
488
649
1,774
589
462
723
2,070
508
639
923
2,879
940
681
1,258
3,775
1,353
832
1,590
3,116
1,001
852
1,263
3,683
1,058
922
1,704
4,636
1,538
1,094
2,004
5,327
1,754
1,358
2,215
6,287
2,213
1,184
2,891
12, 175
1,695
10,845
1,694
11,808
1,701
16,763
1,921
26, 186
3,626
26, 659
4,751
28, 277
4,684
29,661
4,763
33,632
4,502
50,865
6,616
1,046
513
954
502
1,023
485
1,057
570
2,493
874
3,351
991
2,997
1,084
2,741
1,335
2,132
1,584
3,507
1,912
1,143
1,092
1,155
1,463
2,597
2,500
2,720
2.682
2,628
3,364
674
3,067
1,996
715
3,001
1,978
878
3,245
2,375
1,359
4,503
3,440
1,878
7,445
4,329
1,604
7,393
4,366
1,904
8,089
5,090
1,870
8,641
5,350
2,245
10, 367
6,226
3,316
14, 453
8,496
547
1,304
1,750
76
263
875
1,228
66
281
878
1,296
121
645
1,394
2,038
156
924
2,480
2,906
288
847
2,076
3,125
682
725
2,005
3,060
450
482
1,875
3,996
1,169
845
2,029
4,790
1,356
1,347
2,487
10,787
5,621
- -- - --
14,442
15, 189
16, 791
21,663
30,398
36,269
38,678
39,313
45,948
57,511
- -- - -
11,619
11,645
13,212
17, 169
24,208
29,567
31,657
33,074
37,875
46,000
2,045
2,076
2,504
3,472
4,944
5,309
6,590
7,238
8,111
9,739
9,574
2,025
871
3,784
358
1,686
1,237
849
9,569
1,949
849
3,842
361
1,686
1,262
883
10,708
2,227
920
4,231
485
1,822
1,341
1,024
13,696
2,940
1,271
5,163
663
2,352
1,717
1,308
19,265
4,485
1,784
7,172
994
3,061
2,198
1,769
24,259
6,650
1,923
9,288
1,430
2,960
2,228
2,007
25,068
6,236
1,907
9,748
1,617
3,274
2,588
2,285
25,836
5,633
1,997
9,940
1,587
4,050
3,264
2,630
29,764
6,421
2,425
10, 462
1,755
5,241
4,199
3,460
36,261
7,815
3,081
12,579
1,643
6,773
5,461
4,370
-
2,660
1,528
3,282
1,918
3,217
1,707
4,068
2,315
5,599
3,366
5,901
3,169
6,175
3,204
5,679
2,739
7,280
3,616
10,531
6,177
163
262
362
426
591
801
846
559
793
980
-
3,652
4,396
5,119
6,343
8,162
10,077
11,243
12, 115
14,463
16,496
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
5,208
10, 111
6,385
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
2,199
4,993
3,267
2,068
5,908
3,628
2,041
6,446
3,692
2,770
8,001
4,721
3,330
8,446
Industrial supplies and materials
12
13
14
15
Agricultural
-- -- Raw cotton including linters
Tobacco unmanufactured
- --Other agricultural industrial supplies (hides, tallow, etc.)..
16
17
Nonagricultural
Fuels and lubricants ' -
.
Coal and related fuels
Petroleum and products
18
19
_ __ .
_
.
_
20
21
22
23
T extile supplies and materials
Chemicals, excluding medicinals
Other nonmetals (minerals, wood, rubber, tires, etc.)
24
25
26
27
Steel making materials. .
.
Iron and steel products
Other metals primary and advanced including advanced steel
Precious metals (gold silver platinum)
28
29
Capital goods except automotive
Machinery except consumer-type
30
Electrical and electronic including parts and attachments
31
32
33
34
35
36
37
38
Nonelectrical including parts and attachments
Construction machinery and nonfarm tractors
Textile and other specialized industry machinery
Other industrial machinery n.e.c
Agricultural machinery and farm tractors
Business and office machines computers, etc
Electronic computers and parts
Scientific professional and service industry equipment _
39
40
41
42
Civilian aircraft engines parts
Ci vilian aircraft complete all types. .
-
-- --
Other transportation equipment
Automotive vehicles parts and engines
.
-
43
44
To Canada '
To all other areas .
.
45
46
47
Passenger cars new and used
Trucks buses and special vehicles
Bodies engines parts and accessories, n.e.c
-
- -
2,734
2,862
3,510
4,714
6,284
6,476
7,916
8,817
10,260
12,431
49
50
51
Consumer durables manufactured
Consumer nondurables manufactured
Tin manufactured consumer goods (gem stones)
1,039
1,571
124
1,115
1,612
135
1,482
1,841
187
2,055
2,324
335
2,891
3,069
323
2,840
3,375
262
3,573
4,010
334
3,763
4,688
366
4,603
5,153
504
5,401
6,327
703
52
Special category (military-type goods) . . - -
1,359
1,490
1,180
1,583
2,134
2,996
2,600
3,208
4,489
3,017
Exports n.e c and reexports
1,503
1,533
1,808
2,354
3,169
3,372
3,236
3,872
4,512
5,582
869
634
895
638
1,008
800
1,261
1,093
1,806
1,363
1,883
1,490
1,562
1,674
1,665
2,207
1,974
2,537
2,359
3,224
48
53
Consumer goods (nonfood) , except automotive. .--.
54
55
Domestic (low-value
miscellaneous)
Foreign (reexports)1®
Se e footnotes on page 55.
....
--.„..
SURVEY OF CUEEENT BUSINESS
June 1980
47
Merchandise Trade—Continued
of dollars]
Seasonally adjusted
Not seasonally adjusted
1979
1978
I
III
II
IV
I
II
1978
1980
III
IV
1979
IP
I
II
III
IV
1980
I
II
III
IV
IP
Line
30.961
37,057
35,283
40,362
41,081
44,452
44,681
51,588
53,017
31,194
35,744
37,563
39, 162
41,551
42,857
47,264
50,131
53,847
1
6,637
24,324
24,312
7,996
29,061
29,030
6,871
28,412
28,392
8,292
32, 070
32,047
7,748
33,333
33,323
8,054
36,398
36,360
8,322
36,359
36,298
11,085
40,503
40,446
10,439
41,620
41,578
6,536
24,683
24, 671
7,870
27, 862
27,831
7,798
29, 747
29,728
7,592
31,575
31,552
7,588
33,993
33,984
7,944
34,898
34,860
9,320
37, 926
37,866
10,358
39, 776
39, 719
10,320
43,527
43,484
2
3
4
5,240
6,833
6,008
6,951
6,164
6,650
7,361
9,437
8,221
5,395
6,719
6,645
6,274
6,329
6,577
8,074
8,632
8,490
5
5,105
2,852
1,089
1,164
6,645
3,764
1,564
1,317
5,631
3,591
773
1,267
6,653
3,262
1,782
1,609
5,995
3,062
1,594
1,339
6,401
3,765
1,180
1,456
6,927
4,682
888
1,358
9,109
5,178
2,039
1,893
8,077
4,843
1,599
1,634
5,200
2,972
997
1,231
6,483
3,823
1,345
1,315
6,355
3,503
1,448
1,404
5,997
3,170
1,419
1,408
6,088
3,206
1,454
1,428
6,264
3,823
979
1,462
7,753
4,588
1,662
1,504
8,327
5,069
1,606
1,652
8,289
5,056
1,497
1,736
6
7
8
9
136
189
377
298
169
249
434
328
144
195
236
290
278
241
312
321
305
200
10
8,368
9,704
9,940
10,947
12,455
13,853
14,372
16,472
17,375
8,303
9,394
10, 182
11,081
12,512
13,369
14,550
16, 721
17,465
11
1,406
511
332
563
1,225
485
194
546
1,153
404
277
473
1,543
354
556
633
1,665
560
297
807
1,513
574
239
700
1,253
421
201
631
1,857
657
448
752
2,234
1,002
359
873
1,210
428
299
483
1,260
416
289
556
1,357
463
356
538
1,500
447
414
639
1,411
452
259
699
1,540
474
352
714
1,424
463
249
711
1,913
823
324
766
1,903
846
314
743
12
13
14
15
6,962
8,480
8,787
9,404
10,790
12,340
13, 120
14, 616
15, 142
7,093
8,134
8,825
9,580
11, 102
11,829
13, 126
14,808
15,562
16
561
1,126
1,309
1,802
1,990
17
116
663
541
1,506
812
1,358
617
1,635
1,720
927
933
1,903
1,030
1,068
1,327
1,456
1,716
651
749
189
619
564
760
410
459
1,590
1,526
1,697
829
835
916
996
18
556
688
19
966
1,039
20
856
3,864
2,282
926
4.082
2,294
888
4,267
2,447
21
22
23
296
602
2,434
1,182
345
607
2,603
1,319
358
716
3,664
2,133
496
743
3,693
1,920
24
25
26
27
13,587
13,755
15,196
14,973
16,817
28
10,702
11,216
11,789
12,293
13,099
29
331
381
415
457
416
461
482
554
661
349
366
436
444
475
618
691
643
676
695
842
873
953
1,004
635
665
644
684
717
807
873
461
2,344
1,394
551
2,583
1,644
554
2,700
1,520
680
2,740
1,668
735
3,155
1,917
818
3,470
2,147
821
3,914
2,233
943
3,915
2,199
887
4,263
2,438
461
2,337
1,395
539
2,511
1,537
579
2,659
1,551
666
2,859
1,742
735
3,146
1,917
799
3,362
2,003
111
448
1,026
309
209
522
1,154
303
246
500
1,316
410
280
560
1,294
335
285
565
2,081
987
340
627
2,462
1,182
373
598
2,588
1,319
349
698
3,656
2,133
403
745
3,685
1,920
138
446
1,030
309
185
500
1,130
303
229
508
1,328
410
294
576
1,302
335
349
562
2,086
987
9,904
11,442
11,476
13,126
13,365
14,207
14,339
15,600
16,452
10,023
11,084
12, 159
12,682
8,468
9,631
9,331
10,446
10,640
11,544
11,325
12,491
13,012
8,513
9,325
9,721
10,317
927
1,822
2,029
2,045
2,214
2,220
2,475
2,402
2,641
2,756
1,844
1,968
2,113
2,185
2,254
2,404
2,481
2,600
2,799
30
6,645
1,476
533
2,362
391
1,104
884
779
7,602
1,595
608
2,715
539
1,266
993
880
7,285
1,542
599
2,547
402
1,337
1,079
858
8,232
1,809
686
2,838
423
1,534
1,243
943
8,419
1,801
680
2,954
393
1,570
1,255
1,022
9,069
2,037
782
3,093
465
1,592
1,280
1,100
8,923
2,031
748
2,983
406
1,681
1,362
1,074
9,850
1,946
870
3,550
380
1,929
1,564
1,175
10,257
2,106
853
3,559
470
2,056
1,669
1,212
6,669
1,516
552
2,371
366
1,097
882
767
7,357
1,518
585
2,658
468
1,286
1,014
842
7,607
1,604
630
2,658
439
1,378
1,108
899
8,131
1,783
659
2,776
482
1,481
1,194
951
8,449
1,840
705
2,967
367
1,562
1,255
1,008
8,812
1,943
754
3,033
406
1,622
1,311
1,054
9,307
2,114
785
3,111
442
1,733
1,399
1,124
9,693
1,918
837
3,468
429
1,856
1,496
1,184
10,299
2,156
883
3,575
441
2,045
1,666
1,198
31
32
33
34
35
36
37
38
1,263
495
1,597
650
1,951
984
2,469
1,487
2,470
1,459
2,418
1,320
2,794
1,740
2,848
1,658
3,107
1,825
1,320
555
1,548
643
2,248
1,219
2,164
1,200
2,604
1,588
2,300
1,250
3,196
2,074
2,430
1,265
3,352
2,062
39
40
174
214
194
211
255
245
219
261
333
190
211
190
202
280
239
211
250
366
41
3,282
3,964
3,150
4,067
4,161
4,453
3,517
4,365
4,071
3,249
3,621
3,694
3,899
4,114
4,079
4,129
4,175
4,085
42
2,129
1,153
2,599
1,365
1,916
1,234
2,610
1,457
2,679
1,482
2,874
1,579
2,036
1,481
2,522
1,844
2,379
1,692
2,067
1,182
2,291
1,331
2,358
1,337
2,539
1,359
2,601
1,513
2,531
1,547
2,517
1,613
2,462
1,712
2,354
1,731
43
44
837
600
1,846
1,054
756
2,154
740
647
1,763
1,061
767
2,238
1,093
793
2,275
1,345
912
2,196
884
768
1,865
1,398
858
2,110
1,164
716
2,191
858
632
1,760
992
678
2,021
986
665
2,043
927
794
2,177
1,122
823
2,169
1,177
819
2,082
1,190
802
2,138
1,231
887
2,057
1,205
751
2,129
45
46
47
2,223
2,685
2,526
2,826
2,882
3,134
3,027
3,389
4,565
2,254
2,551
2,632
2,822
2,926
2,980
3,159
3,367
4,628
48
1,485
1,697
184
2,549
1,871
208
49
50
51
999
1,115
109
1,250
1,317
118
1,092
1,303
131
1,262
1,418
146
1,231
1,466
185
1,375
1,583
175
1,286
1,582
160
1,509
1,696
184
2,515
1,830
220
1,021
1,131
102
1,159
1,282
110
1,171
1,316
146
1,252
1,424
147
1,259
1,492
175
1,275
1,540
165
1,382
1,598
179
935
1,243
1,123
1,187
819
759
736
704
708
935
1,243
1,123
1,187
819
759
736
1,008
1,186
422
586
511
675
1,060
490
570
1,257
551
706
1,236
517
719
1,397
603
794
1,329
579
750
1,621
1,625
1,035
1,131
1,127
1,218
660
961
643
982
438
596
495
636
503
625
538
680
1,265
537
727
1,339
1,419
584
756
595
824
704
1,560
643
917
708
52
1,655
53
667
988
54
55
SUEVEY OF CURRENT BUSINESS
48
June 1980
TableS.—-U.S.
[Millions
Line
56
Merchandise imports Census basis, (A-ll)
57
Foods feeds and beverages
58
Coffee cocoa and sugar
59
60
61
62
Green coffee
.
- - - -
- -
-
-
-
Other foods feeds and beverages
Industrial supplies and materials
.
63
64
Fuels and lubricants 9 10
Petroleum and products
65
Paper and paper base stocks
66
67
68
69
70
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) _
71
Building materials except metals
72
73
74
75
76
77
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 )
78
Capital goods, except automotive ...
79
Machinery, except consumer-type
-
...
_
_
-
80
Electrical and electronic, and parts and attachments
81
82
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
83
84
85
86
- - - - -
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
40 114
45 784
55, 941
69 832
100, 649
96 573
121 009
147 685
171 978
206 327
6 152
6,364
7,264
9,112
10, 568
9,642
11, 546
13 981
15 307
17 367
2 085
2,111
2,165
2,707
4,069
3,747
4 144
5 469
5 118
5 349
1,159
1,167
1,182
725
764
832
1,570
925
1,505
2,247
1,561
1,865
2,632
1,154
3,910
1,076
3 728
3 820
4 067
4 953
5,099
6 405
6,499
5,895
7 402
8 513
10 279
12 018
15 247
17 165
20, 660
27, 046
51, 636
49, 178
61, 140
76, 421
80 940
104 709
3 085
2 796
3 762
3 376
4,882
4,368
8,295
7,759
25, 540
24, 661
26, 631
25, 194
34, 598
32, 210
44, 982
42, 346
42 906
39 530
60 914
56 822
1 565
1 634
1,724
2,090
2,969
2,716
3 340
3 604
3 996
4 801
2 868
1,209
3, 155
1,411
3,704
1, 538
157
1,130
878
4,161
1,594
5, 670
1,597
4,953
1,178
343
2,229
1,203
6,093
1, 574
392
2, 579
1,548
6, 741
1, 584
8 165
1, 951
9 252
1, 851
1,767
2,049
111
836
712
89
955
700
191
1,346
1,029
254
2,498
1,321
322
3,068
723
399
974
440
4 530
2,432
1 014
1 351
1,991
2,472
1,993
1, 556
2,397
3,312
4,388
4 841
6 715
8,360
758
3,071
3, 232
608
1,299
10, 029
1 039
7,264
714
2 871
2 594
405
1 084
1,819
15, 464
1,356
5,559
6,117
1, 525
2,432
13, 323
1,744
4,606
4, 816
1,128
2,157
14, 713
1, 872
4,380
5,776
1,001
2,685
17, 782
1, 853
6,001
6, 715
1,327
3,214
21, 485
1,849
7,586
8, 508
1, 815
3, 543
24, 901
2,201
7, 758
10, 636
3, 375
4,306
3 985
4,317
5,836
7,902
9,734
10, 143
12,279
13, 954
19, 182
24, 588
3 780
4 075
5,369
7,268
9,055
9,505
11,812
13,280
17, 994
22,595
966
1 118
1,550
2 353
3,096
2,899
4,430
4,365
5,861
7,766
2 814
2 957
3 819
4 915
5,959
6,605
7,382
8,916
12, 133
14, 830
597
979
359
473
406
719
928
364
533
412
945
1,086
1 553
667
878
732
1,178
2,075
850
977
879
1,261
2,423
998
1,014
909
1,321
2,582
1,056
1,287
1,136
1,670
3,112
1,174
1,497
1,464
2,403
4,274
1,367
2,143
1,947
2,602
5,599
1,983
2,402
2,244
706
2 191
2 779
382
1 155
497
665
557
970
3,196
4,045
964
87
Transportation equipment, except automotive .
205
242
467
634
679
638
466
674
1,188
1,992
88
89
Civilian aircraft, engines, parts
Civilian aircraft, complete, all types . . .
191
48
228
40
437
58
595
81
636
97
548
81
406
94
592
265
982
231
1,519
5 925
7,917
9,327
10, 886
11,961
11,673
16, 155
18,670
24,316
25,558
3 555
2 370
4,532
3,385
5,259
4,068
5,893
4,993
5,555
6,406
5,752
5,921
7,846
8,308
9,133
9,537
10, 357
13, 959
9,525
16, 033
90
91
92
Automotive vehicles, parts, and engines .
From Canada
From all other areas
517
93
94
95
Passenger cars , new and used ._
.
Trucks, buses, and special vehicles
Bodies, engines, parts and accessories n.e s
3 731
5,091
1 464
1,991
5,730
1,129
2,468
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
6,932
14, 842
3,751
6,965
96
Consumer goods (nonfood), except automotive
7 404
8,392
11,111
12, 890
14, 380
13,211
17, 165
21, 796
28, 943
30,565
3 918
2,960
4,514
3,316
563
7,110
4,786
526
6,224
4,124
762
994
8,256
5,166
958
6,805
5,479
927
8,405
7,488
1,272
11,760
8,285
1,751
15,326
11,251
2,367
16, 229
11,998
2,337
1,402
1,629
1,743
1,995
2,370
2,726
2,725
2,863
3,200
3,540
97
98
99
100
Consumer durables, manufactured
Consumer nondurables, manufactured
Unmanufactured consumer goods (gems nursery stock)
Imports, n.e.s. (low value, goods returned, military aircraft movies, exhibits)
See footnotes on page 55.
730
835
SURVEY OF CURRENT BUSINESS
June 1980
49
Merchandise Trade—Continued
of dollars]
Not seasonally adjusted
Seasonally adjusted
II
I
1980
1979
1978
III
IV
I
II
III
IV
1978
1979
1980
Line
IP
I
II
III
IV
I
II
III
IV
IP
53, 260
57,598
62,419
56
57
40,517
43, 200
43, 142
45, 119
45,388
50, 119
53, 122
57, 698
61,838
40,761
42,837
43,341
45,039
45, 773
49, 696
3,865
3,853
3,588
4,092
4,063
4,471
4,058
4,775
4,483
3,661
3,746
3,845
4,145
3,924
4,315
4,378
4,750
4,440
1,535
1,178
1,089
1,316
1,247
1,311
1,274
1,517
1,527
1,288
1,128
1,246
1,457
1,034
1,232
1,483
1,600
1, 405
58
1,179
128
888
143
709
267
953
184
834
167
894
301
964
205
1,128
302
1,101
338
858
139
893
209
1,014
203
833
286
1,190
150
1,152
323
892
452
59
60
964
172
644
216
2,329
2,675
2,499
2,776
2,816
3,160
2,784
3,258
2,956
2,373
2,618
2,600
2,689
2,890
3,083
2,894
3,151
3,035
61
19, 543
20, 280
20, 425
20, 693
21,576
24, 305
27, 945
30,884
34, 339
19, 649
20, 473
20,079
20, 739
21, 730
24, 569
27, 490
30, 921
34, 500
62
10, 490
9,727
10, 476
9,514
10, 956
10, 144
10, 985
10, 145
11, 901
11, 028
13, 178
12, 187
16, 782
15, 837
19, 053
17, 770
21, 920
20, 425
10, 342
9,623
10, 924
9,968
10, 629
9,767
11,011
10, 172
11, 802
10, 983
13, 737
12, 755
16, 328
15, 312
19,047
17, 773
21,800
20,409
63
64
930
1,030
995
1,041
1, 134
1,195
1,178
1,294
1,382
928
2,043
489
105
915
53 i
2,171
508
134
1,006
523
1,977
499
55
939
484
1,973
456
105
905
508
2,169
462
156
941
611
2, 450
486
123
1,223
618
2,274
454
98
1,151
571
2,360
449
63
1,215
632
2,614
548
126
1,323
617
1,970
485
79
894
513
1,016
1,005
1,047
1,132
1, 175
1, 196
1,297
1,379
65
2,070
497
110
958
506
2,077
504
82
988
503
2,046
465
128
926
528
2,085
458
118
919
591
2,331
472
101
1,170
588
2, 405
463
144
1,200
598
2,432
458
77
1,242
655
2,539
542
97
1,301
600
66
67
68
69
70
936
1,133
1,185
1,134
1,090
1,338
1,282
1,130
1,028
1,011
1,066
1,129
1,183
1,185
1,262
1,217
1,177
1,119
71
5,145
347
1,839
2,151
456
808
5,470
374
1,800
2,352
440
944
5,312
579
1,948
1,892
387
892
5,559
550
1,998
2,112
532
898
5,283
362
1, 683
2,191
511
1,047
6,144
619
1,880
2,508
640
1,137
6,429
636
2,111
2,639
822
1,043
7,047
584
2,085
3,299
1,403
1,079
7,395
425
1,884
3,864
1,669
1,223
5,397
490
1,917
2,182
456
807
5,398
356
1,867
2,260
440
914
5,238
495
1,923
1,921
387
900
5.453
507
1,879
2,145
532
922
5,526
506
1,751
2,222
511
1,048
6,064
594
1,946
2,426
640
1,098
6,344
554
2,080
2,660
822
1,050
6,968
548
1,981
3,329
1,403
1,110
7, 662
575
1,962
3,899
1,669
1,227
72
73
74
75
76
77
4,236
4,815
4,936
5,195
5,602
6,232
6,213
6,542
7,169
4,295
4,659
5,003
5,225
5,679
6,017
6,299
6,593
7,280
78
4,024
4,504
4,634
4,832
5,154
5,776
5,758
5,908
6,398
4,083
4,362
4,676
4,872
5,230
5,579
5,818
5,968
6,506
79
1,226
1,436
1,546
1,653
1,700
1,917
2,062
2,088
2,259
1,298
1,431
1,508
1,623
1,802
1,902
2,011
2,050
2,393
80
2,798
547
994
325
482
450
3,068
623
1,066
381
517
482
3,088
646
1,090
316
539
497
3,179
588
1,125
344
605
517
3,454
611
1,268
462
589
524
3,859
706
1,422
546
625
561
3,696
663
1,389
492
584
568
3,820
622
1,520
482
605
592
4,139
698
1,527
608
705
602
2,785
557
987
307
482
453
2,931
587
1,038
322
512
472
3,168
637
1,109
356
560
506
3,249
623
1,139
381
590
516
3,428
621
1,258
435
589
525
3,677
665
1,385
459
618
551
3,807
653
1,416
554
606
578
3,918
663
1,540
534
590
590
4,114
710
1,515
581
705
603
81
82
83
84
85
86
212
311
302
364
448
455
455
634
770
212
297
327
353
449
437
481
625
774
87
175
36
274
86
253
51
279
58
346
120
346
80
328
85
500
232
656
274
175
36
260
86
278
51
269
58
347
120
328
80
353
85
492
232
660
274
88
89
5,828
6,427
5,450
6,611
6,494
6,902
5,725
6,437
6,868
5,569
6,051
6,142
6,554
6,224
6,510
6,397
6,427
6,603
90
2,410
3,418
2,836
3,591
2,119
3,331
2,992
3,619
2,890
3,604
2,485
4,417
1,886
3,840
2,265
4,172
2,181
4,687
2,303
3,266
2,638
3,413
2,566
3,576
2,850
3,704
2,762
3,462
2,315
4,195
2,285
4,112
2,163
4,264
2,087
4,516
91
92
3,375
878
1,575
3,654
995
1,779
3,007
799
1,644
3,639
1,038
1,934
3,615
1,002
1,877
4,053
1,022
1,827
3, 345
763
1,617
3,829
963
1,645
4,356
947
1,566
3,187
824
1,558
3,308
1,009
1,734
3,503
907
1,731
3,675
969
1,910
3,431
937
1,855
3,696
1,032
1,782
3,835
859
1,703
3,880
922
1,625
4,151
902
1,550
93
94
95
6,302
7,033
7,924
7,685
6,828
7,323
8,282
8,131
7,991
6,792
7,133
7,462
7,556
7,336
7,418
7,811
8,000
8,545
96
3,283
2,447
572
3,684
2,752
597
4,060
3,237
627
4,300
2,815
570
3,493
2,771
565
3,902
2,867
554
4,293
3,427
563
4,541
2,934
656
4,075
3,014
902
3,665
2,574
554
3,707
2,846
580
3,913
2,900
649
4,042
2,931
584
3,896
2,895
546
3,918
2,955
545
4,144
3,083
584
4,271
3,067
662
4,511
3,160
874
97
98
99
744
793
820
843
825
887
898
931
987
795
775
810
820
880
867
886
907
1,051
100
SUEVEY OF CURRENT BUSINESS
50
June 1980
Table 4.—-Selected U.S. Government Transactions
[Millions of dollars]
1977
Line
1978
U.S. Government grants (excluding military) and transactions increasing Government
assets, total
- -- 9 igy
Al
1979
1978
.
0 756 U, 159
1979
1980
I
II
III
IV
I
II
III
IV
2,487
2,817
2 904
2 549
2 781
2 782
2 643
2 953
3 800
773
179
594
831
115
716
772
177
595
795
29
766
860
51
809
899
206
692
878
243
636
887
887
1 312
442
870
1 671 1 998 2 161
1 640
1 806 2 071
2 657
133
1 669
4
110
1 852
37
72
216
2 343
1
97
I*
By category
o 171
2
3
Grants net (table 1 line 34, with sign reversed)
Financing military purchases *
Other grants
-
5
6
Loans and other long-term assets (table 1, line 44. with sign reversed)
6 445 7 470 7 651
Capital subscriptions and contributions to international financial institutions,
551
excluding IMF
870
867
Credits repayable" in U S dollars
5 507 6 573 6 982
Credits repayable in foreign currencies
. . _ _
46
38
26
5
Other long-term assets (including investment in Panama Canal)
72
30
4
7
8
9
2 775
....
501
2 274
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
--
10
11
12
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
2
Assets financing military sales contracts, net
Other short-term assets (including changes in administrative cash holdings), net
14
17
19
20
01
22
500
2 671
3 524
500
3,024
292
142
1 371 1 846
g
7
1
3
1 875 1 900
192
241
146
163
1 961 1 394 1 711 1 749
g
4
5
1
1
—33
70
115
—91
-16
-110
43
—21
-12
—44
-30
—14
114
—11
47
—27
—16
—23
—42
—32
—5
—27
—169
— 13
(*)
77
199
(*)
75
137
1
68
143
'(*)
17
36
(*)
17
35
(*}
93
32
(*)
19
34
(*)
17
50
(*)
15
30
1
21
24
(*)
15
39
18
36
g
18
4
3
14
1
2
1
1
1
16
(*)
337
46
16
(*)
306
168
22
2
3
2
3
5
5
9
4
304
75
74
83
10
(*)
102
13
66
69
64
2
94
60
63
38
73
—17
74
—6
64
—96
-9
38
20
-19
19
-85
124
14
-31
7
29
-60
870
1 142
4 735
1*482
962
283
867
1 230
5 617
1 237
1 681
231
551
292
1,391
232
5 740 1 399
1 851
268
1,544
256
215
55
142
348
1 509
354
466
67
192
376
1 408
336
618
55
241
274
1 300
280
340
54
163
253
1 558
309
450
69
133
110
146
333
358
448
1 565 1 183 1 435
725
419
399
322
275
497
55
45
46
216
305
2 337
707
305
55
337
50
306
200
304
171
74
59
102
32
66
—14
64
123
94
74
7 481 8 349
3 885 3 812
1 189 1,492
1 624 1,575
1,124 1,075
8,430
4,607
1,214
1,388
888
2 017
925
350
493
314
2 093
1,056
316
349
234
2 460
1 004
385
430
253
1,779
827
440
304
274
239
965
500
247
1,656
500
305
1,516
179
40
306
115
60
473
177
87
634
29
60
243
51
113
516
-1
(*)
1
1
(*)
(*)
-1
(*)
(*)
By program
23
25
O7
29
Capital subscriptions and contributions in international financial institutions,
excluding IM F
Under farm product disposal programs
- Under Foreign Assistance Act and related programs
Under Export-Import Bank Act
- - Other 8 ssistance 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
.
By disposition
oo
•M
oe
36
07
38
39
40
41
42
43
Estimated dollar payments to foreign countries and international financial institutions
2
3
4
5
g
7
500
84
337
128
306
74
95
64
-61
1 954 2,263
1 046 1,186
304
287
470
197
264
146
2,251
1,201
286
425
183
1,963
1,174
338
295
295
2,593
1,575
393
585
143
206
58
377
243
35
451
98
172
442
68
228
-1
(*)
297
304
24
58
14
68
63
73
74
64
74
102
66
64
444
770
828
519
392
991
1,207
1,707
2,407
2,729
470
2 942
3 852
643
787
708
804
758
950
963
1,181
965
780
36
244
299
201
686
47
183
242
215
803
88
249
279
187
754
59
234
319
142
925
43
271
339
272
962
46
225
291
400
1,058
120
365
322
250
871
41
246
320
264
3,699
268
1,095
1,272
1,064
639
48
231
264
95
153
4
7
22
2,220
-714
527
-222
221
1,025 1,261
Associated with military sales contracts ^
U.S. Government cash receipts from foreign governments (including principal repay7 232 8 442
ments on credits financing military sales contracts) net of refunds *
380
517
Less U S Government receipts from principal repayments
Less U.S. Treasury securities issued in connection with prepayments for military
-600
530
-220
216
U.S. Government liabilities other than securities, total, net increase (+) (table 1, line 61) 1,159
1 575
1,075
1
1,695
734
4
25
-128
122
(*)
216
247
-850
19
1,652
139
2,391
170
1,895
120
425
183
1,790
295
295
640
585
143
7 562
565
2 299
141
1,617
131
1,899
99
2,627
146
1,763
122
1,790
1,388
888
493
314
349
234
430
253
304
274
197
146
470
264
1 624
1,124
9
10
By grants *
- Less transfers of goods
and" services ("including transfers financed by grants to Israel,
and by credits) * 2 (table 1, line 3)
500
500
500
179
115
177
29
51
206
243
7,451
8,240
7,194
2,121
2,055
2,013
2,051
2,000
1,927
1,692
11
Associated with U.S. Government grants and transactions increasing Government
assets (including changes in retained accounts) ' (line A40)
-
-1
(*)
(*)
(*)
12
13
14
15
Associated with other liabilities
Sales of nuclear materials by Department of Energy
Other sales and miscellaneous operations
German Government 10-year loan to U.S. Government-
135
92
43
960
1,025
-66
-2
23
-24
5
-16
20
See footnotes ou page 55.
1
1
—5
10
-14
-1
961
1,008
-47
94
-43
166
1,757
134
-116
-8
-33
124
-924
-162
Plus financing of military sales contracts by U S Government ' (line A34)
By long-term credits
- -
__
192
113
2 719
34
-
(*)
31
94
34
- -
2
42
74
724
2,685 2,908
251
218
907
776
1,129 1,084
698
529
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 lone-term assets (including investment in Panama Canal)
Cl
73
—9
3
Estimated transactions involving no direct dollar outflow from the United States
Expenditures on U S merchandise
Expenditures on U S services4
_ _ _
Financing of military sales contracts by U.S. Government 5 (line C6)
By long-term credits 1
- __
By short-term
credits , By grants J
- U.S. Government grants and credits to repay prior U.S. Government credits 1 *
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) « (line Cll)__
Less receipts
on short-term U.S. Government assets (a) financing military sales contracts l and (b) financing repayments of private credits
Less foreign currencies used by U.S. Government other than for grants or credits
(line A19)
Repayments on U S Government long-term assets total (table 1 line 45)
2
3
4
5
0
63
11
(*)
-1
34
-26
61
-44
33
-77
(*)
-31
-31
(*)
442
1,575
2
-76
17
-17
—75
1,700
(*)
-62
-19
-42
SURVEY OF CURRENT BUSINESS
June 1980
51
Table 5.—Direct Investment: Income and Capital
[MiUions of dollars]
(Credits + ; debits -)
Line
1977
1978
1978
1979
I
II
1979
III
IV
I
1980
II
III
IV
IP
U.S. direct investment abroad:
1
2
3
4
5
6
.
20,081
25,165
37,815
5,701
5,911
5,418
8,134
7,963
9,150
9,889
0,814
11,312
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)
12,795
792
6,519
5,484
7,286
13,696
880
7,099
5,717
11,469
19,401
996
9,030
9,374
18,414
2,975
176
1,401
1,398
2,726
3,703
206
2,173
1,325
2,208
2,812
242
1,362
1,208
2,606
4,206
256
2,163
1,786
3,929
3,890
262
1,844
1,784
4,073
4,384
235
1,908
2,241
4,766
4,943
260
2,270
2,413
4,946
6,184
240
3,008
2,936
4,630
5,541
n.a.
n.a.
n.a.
5,771
12,898
16,345
24,319
4,822
4,279
2,725
4,519
5,973
7,536 -6, 754 -4,057
-5,560
1,900 -2, 769 -1,808
-591
573
-654
1,194
-744
-611
7
-374
631
-325
-440
-218
-735
1,419
-833
-967 -1,468
2,050
361
508
527
1,250
1,285
-820
-418
-171
225
-513
-891
-308
483
-49
-772
-654
71
-110
274
63
-706 -2, 026 -1, 197
566
-3,929 -4,073 4 766 -4,946 -4,630
211
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-5,771
Income (table 1 line 11)
Capital (outflow (—)) (table 1, line 48)
7
8
9
10
11
12
13
14
15
16
17
Equity and intercompany accounts (table 1, line 49)
Incorporated affiliates
Equity l
*.
Increase -
-
Intercompany accounts
Short-term
Long-term
_
_
Unincorporated affiliates
Reinvested earnings of incorporated affiliates (table 1 line 50)
-5, 612 -4,877 -5,904
-2,376 -2,206 -2,542
-1,509
-669 -1,357
-2,644 -3,837 -4,004
1,135
3,168
2,647
-867
-1,537 -1,185
-907
-827
-765
40
-710
-419
-3,236 -2, 670 -3,363
-7,286 —11 469 -18,414
2,096 2,072
-728
-826
-717
-576
-766
-879
190
163
-11
-250
-294
-157
43
146
1,368 -1,245
2,726 -2,208
-118
2
-7
-773
765
9
137
-128
-120
2,606
By industry of affiliate: 3
18
19
20
Income (line 1) :
Petroleum
Manufacturing
Other
21
22
23
5,658
7,462
6,960
5,707
10,573
8,885
13,222
13, 646
10,946
1,451
2,350
1,900
1,289
2,496
2,126
1,039
2,193
2,186
1,927
3,534
2,674
2,532
3,053
2,378
2,667
3,503
2,980
3,817
3,320
2,752
4,207
3,770
2,837
n.a.
n.a.
n.a.
Interest, dividends, and earnings of unincorporated affiliates (line 2):
Petroleum
M anuf acturing
Other
.
4,646
3,917
4,231
4,352
4,422
4,922
8,243
5,507
5,650
1,046
807
1,122
1,072
1,443
1,189
930
797
1,085
1,304
1,375
1,527
1,368
1,191
1,330
1,624
1,091
1,669
2,346
1,422
1,174
2,904
1,803
1,477
n.a.
n.a.
n.a.
24
25
26
Reinvested earnings of incorporated affiliates (line 6, or line 17 with
sign reversed) :
Petroleum _
_
Manufacturing
Other
..
1,012
3,545
2,729
1,355
6,152
3,962
4,979
8,139
5,296
405
1,543
778
217
1,053
937
109
1,396
1,100
623
2,159
1,147
1,164
1,861
1,047
1,042
2,412
1,311
1,471
1,898
1,577
1,303
1,967
1,360
n.a.
n.a.
n.a.
27
28
29
Equity and intercompany accounts (outflow (-)) (line 8) :
Petroleum
M anuf acturing
Other
..
-1,792
-1,282
-2,537
-412
-1,587
-2,877
-2, 730
-1,236
-1,938
-849
-523
-724
665
-1,440 1,212
-337 -1,397
-37 -1,018
-9 -1,016
-161
-312 -1,246
-595
-548 -1,212
-651
-986
-171
-345
927
-8
1,090
n.a.
n.a.
-2,834
-4,211
-6,033
-630
-1,262 -1,261 -1,058 -1, 155 -1,540 -1,703 -1,635
-1,453
-1,248
-148
-780
-319
-1,586
-1,628
-309
-776
-543
-2,583
-2,303
-499
-993
-812
-3, 730
-324
-59
-210
-55
-306
-431
-67
-163
-201
-831
-465
-74
-179
-212
-796
-408
-110
-224
-74
-650
-633
-517
-535
-618
-83
-128
-191
-98
-277
-269
-240
-207
-174
-194
-213
-231
-638 -1,004 -1,085 -1,002
-474
-215
-144
-115
-979
3,728
7,897
9,713
1,355
2,313
2,620
1,608
1,120
2,812
3,217
2,564
1,123
2,142
2,155
1,325
1,398
-73
830
925
-96
-13
1,586
5,313
4,965
2,920
3,158
-238
2,045
690
1,355
348
2,583
5,984
5,560
3,240
3,550
-310
2,320
971
1,349
424
3,730
1,050
1,082
562
600
-38
521
368
153
-33
306
1,482
1,353
1,014
1,065
-51
339
9
330
129
831
1,824
1,690
482
558
-76
1,208
406
802
134
796
958
840
862
936
-73
-22
-93
71
118
650
482
495
320
372
-51
175
-387
562
-13
638
1,808
1,672
986
1,152
-166
687
369
318
135
1,004
2,133
1,962
986
997
-10
976
754
222
170
1,085
1,561
1,431
948
1,031
-82
482
235
248
131
1,002
145
92
201
207
-7
-109
-73
-36
53
979
-836
-900
-1,099
-1,239
-1, 149
-1,822
-2,003
-1,512
-2,517
-268
-143
-219
-292
-340
-631
-355
-322
-583
-324
—344
-390
-397
-338
-419
-479
-402
-659
-625
-370
-709
-503
-402
-731
-757
-387
-309
-
-
Foreign direct investment in the United States:
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
Income (table 1 line 27)
Interest, dividends, and earnings of unincorporated affiliates
(table 1, line 28)
Interest
. _.
Dividends
Earnings 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.
_ _
Equity
_
j.
Increase J2
Decrease
Intercompany accounts
_ _
_ _
Short-term
Long-term ,. .
Unincorporated affiliates
_
Reinvested earnings of incorporated affiliates (table 1, line 67)
By industry of affiliate: 3
47
48
49
Income (line 30) :
Petroleum
M anuf acturing
Other
50
51
52
Interest, dividends, and earnings of unincorporated affiliates (line 31)
Petroleum.. *
Manufacturing „ _
Other
..
-235
-470
-543
-299
-490
-839
-388
-603
-1,312
-61
-141
-122
-70
-96
-266
-73
-113
-278
-95
-140
-173
-86
-137
-293
-105
-122
-308
-86
-153
-380
-111
-190
-331
-152
-238
-84
5
5
5
Reinvested earnings of incorporated affiliates (line 35, or line 46 with
sign reversed) :
Petroleum...
Manufacturing
__
Other
-601
-430
-556
-940
-660
-983
-1,615
-910
-1,205
-207
-97
-223
-244
-365
-283
-209
-305
-229
-205
-217
-311
-201
-126
-374
-280
-351
-539
-217
-329
-391
-212
-399
-605
-149
-225
Equity and intercompany accounts (inflow (+)) (line 37):
Petroleum
Manufacturing
Other
52
984
1,106
303
2,537
3,544
58
536
455
90
1,05
338
112
629
1,083
91
335
1,382
97
555
1,481
e
t
t
See footnotes on page 55.
52
1,91
3,044
43
319
59
107
38
231
644
687
-61
150
56
SURVEY OF CUREENT BUSINESS
52
June 1980
Table 6.—Securities Transactions
[Millions of dollars]
(Credits (+); debits (-))
Line
1977
II
I
Al
1979
1978
1979
1978
Foreign securities, net U.S. purchases (— ), balance of payments basis (table
1, line 51, or lines 6+17 below)
-5, 460 —3,450 —4 643 — 1 008 — 1 105
I
II
III
IV
—488
—849 —1,001
1980
I*
IV
III
-2,143
-986
-787
-459
-41S
-661
-412
-661
-405
-412
-344
-416
-661
-127
-465
—574 —1, 641
-706
-126
-513
Stocks:
2
Treasury basis, net^.
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
-409
3
4
5
6
Balance of payments basis, net
—409
7
g
9
10
11
12
13
587
—864
527
71
—6
132
—54
61
64
71
—6
132
-54
-36
—36
-16
-50
-40
-13
-13
107
10
—53
136
14
10
56
—49
36
—33
182
29
101
45
7
—41
39
-93
36
—23
S 868 — 1 338 — 1 177
—ASS
—1 052
—9A7
928
Newly issued in the United States
Of which Canada
—196
-102
—76
—131
—113
Other foreign stocks
Western Europe
Canada ..
Japan
Other
.
—213
—532
—200
468
51
629
334
—63
376
—18
—797
71
875
25
18
— 5 096
/ f)/Q
AS
72
15A
5 051
3 977
3 714
. . . .
330
64
330
330
239
—62
159
—6
61
-523
-118
-100
61
31
-22
63
-11
—53
—15
7
54
—59
9
-20
-49
Bonds:
15
16
Treasury basis, net *
........
Adjustments:
Plus additional Canadian redemptions 2.
Plus other adjustments..
17
Balance of payments basis net
14
Newly issued in the United States _.
By type: Privately placed- .
Publicly offered
18
19
20
By area* Western Europe
Canada
Japan
Latin America
Other countries
_.
.. . . _
International financial institutions 3 _ _
21
22
23
24
25
26
27
28
29
30
Redemptions of U.S. -held foreign bonds 2.
Canada
Other countries .
International financial institutions 3
31
32
33
34
35
Other transactions in outstanding bonds 2
Western Europe
Canada
Japan ._ ..
Other
.
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-j- 12 below)
Bl
.. 22
72
1 338 — 1 117
—6 880
—2 577
—4 303
5 952
1*483
4 469
4 458 — 1 093 —2 275
-409
340
'796
—753 —1 866
3 662
1 596
2 395
'338
527
—574
— 1 450
1 712
3 479
98
172
491
2 029
1 887
79
142
321
45
—64
—50
—264
1 318
505
278
535
1 401
' 689
144
568
1 678
872
426
380
275
127
56
92
511
469
—269
—291
602
574
820
237
12
22
934
936
519
—291
812
—482
980
—947
—574 — 1 619
132
-574
-126
-1,006
-302
-704
—943 — 1 641 —1 490
—321
—433
—301
—510 —1 340 —1 169
-824 -1, 410
—133
—159
-665 -1, 277
-734
-183
-551
464
—367
50
—375
-238
—in
-10
-7
-92
-264
-643
596
—696
—525
—220
—62
293
1 122
48
77
—101
—124
—74
—3
-76
—533
—733
-79
—5
-60
448
173
50
225
237
118
17
102
441
271
21
149
367
164
63
140
274
153
62
59
400
205
85
110
637
350
216
71
643
143
131
369
—520
277
27
—710
114
650
303
—60
230
176
225
226
—50
205
—156
219
14
—154
287
72
176
45
—118
—52
301
-24
—182
-37
4
191
-609
-502
-202
-87
182
-477
-297
-162
-156
237
225
58
—630
325
659 —1 331
138
-146
98
2,713
2,811
2 942
453
1,347
493
519
803
1,149
677
313
2,477
9 675
9 419
/ 621
670
1,296
16
437
685
353
204
379
2,148
Stocks:
2
3
4
Treasury basis, net *
Adjustments:
Plus exchange of stock associated
with U.S. direct investment abroad .
Plus other adjustments 4
5
6
7
8
9
Balance of payments basis, net
Western Europe .
.
..
Canada
Japan
Other . . .
.
.
.
..
.
.
. . ..
7
-7
—590
—829
-332
—42
—396
-262
-78
-61
1 325
1 010
65
33
216
1 320
914
74
73
259
1 024
220
549
124
131
341
389
—48
2
—2
964
806
—26
45
139
—26
—199
83
16
74
41
—82
65
10
48
423
150
58
118
97
275
145
111
37
-18
136
-193
252
31
46
—1 351 —1 099
-189
-156
190
118
128
-62
6
1,992
1,518
295
16
163
Bonds:
10
Treasury basis, net*
11
Adjustments**
12
13
14
Balance of payments basis, net
New issues sold abroad by U.S. corporations5
Investments by international financial institutions 3 in nonguaranteed bonds of U.S. federally sponsored agencies
Other transactions in U.S. bonds .
15
16
Of which United Kingdom
See footnotes on page 55.
780
856
472
-52
475
438
421
1,397
-398
-336
5
432
398
103
-298
-913
112
65
382
230
520
499
477
22
380
443
873
732
541
603
123
108
484
80
—80
111
12
35
-17
169
61
-40
257
198
171
7
134
88
-150
59
-44
155
249
150
28
47
97
125
14
164
-28
4 178
2 387
/ 282
—2, 791
—896
635
1 388
1,491
816
1,917
1 886
313
362
297
658
11
719
532
279
-167
-234
84
SUEVEY OF CURRENT BUSINESS
June 1980
53
Table 7.—Claims and Liabilities on Unaffiliated Foreigners Reported by U.S. Nonbanking Concerns
l
[Millions of dollars]
19 7S
(+); increase in U.S. liabilities or decrease in U.S. assets.
SCredits
ebits (-); decrease in U.S. liabilities or increase in U.S. assets.)
Line
Al
2
3
Claims, total
Long-term 22 (table 1 line 52)
Short-term (table 1, line 53)
-
1977
- —
1978
1979
I
— 1,940 —3,853 —2, 029 -2,241
—99
—53
141
—63
—1,841 —3 800 —2 170 —2 178
4
5
6
7
8
9
10
11
12
13
Financial claims
Denominated in U.S. dollars
Denominated in foreign currencies.
By area: Industrial countries 3
Of which United Kingdom
Canada
Caribbean banking centers 4
Other _.
By type: Deposits
Other claims
-711
-1, 098
14
15
16
17
18
19
20
21
Commercial claims
Denominated in U.S. dollars
Denominated in foreign currencies
By area: Industrial countries 3 8
Oil-exporting countries
Other
By type: Trade receivables
Other claims
4
5
6
7
8
9
10
Financial liabilities
.
Denominated in U.S. dollars
Denominated in foreign3 currencies.
By area: Industrial countries
Of which United Kingdom
Caribbean banking centers 4
Other
11
12
13
14
15
16
17
18
Commercial liabilities
Denominated in U.S. dollars
Denominated in foreign currencies
By area: Industrial countries 3 5
Oil-exporting countries
Other
By type: Trade payables
Other liabilities . . . .
IV
III
I
473
-520
993
_
II
1980
III
—29 — 1 898 —2 442
932
935
61
—129
15
363
488
—90 —1 769 —2 457 ' 1 423—1 295
315
78
237
IV
I*
Amounts
outstanding
Dec. 31,
1979
410
251
159
* "
29 664
5 489
24 175
na
na
na
16 987
14 724
2 263
10 569
4 941
4 369
4 145
2 273
11 808
5 179
-684
-1,093
151
—33
6
-993
282
—3 052
—3 243
191
—700
—405
—675
—2,404
952
—3 080
28
1 206
1 246
—40
—195
—224
130
1 103
298
1 088
118
—174
—377
203
—611
-888
330
904
—467
—79
—95
1 309
1 276
S3
822
424
366
403
84
1,078
231
-1,326
-1, 292
—S4
-824
-100
-402
-1, 275
—51
608
606
2
210
60
338
716
—108
—760
-795
35
-496
—52
-212
—705
—55
—901
-864
-37
-434
—33
—434
-971
70
na
n.a.
n.a.
na
n a.
n.a.
n a.
12 677
12 271
406
6,943
1 444
4 290
11,987
690
—543
21
—564
—273
—239
—34
-104
—75
—94
—315
42
579
—227
806
606
157
449
1 050
949
101
n a.
na
n.a.
18 077
4 769
13 308
616
1,033
-417
438
63
273
—95
—382
-172
—210
—383
—187
-6
7
—434
-290
-144
—209
—183
22
-247
451
335
116
182
16
-30
299
981
1,160
-179
848
417
287
—154
n a.
8 469
6,487
n a.
n.a.
n.a.
n.a.
3,403
825
704
1,076
1,162
—86
922
-344
497
363
713
-161
9
—170
—72
-308
219
—500
339
1,013
1,016
—3
420
175
418
760
253
155
69
29
40
333
-93
-171
263
-194
n.a.
9,608
n.a.
n.a.
n.a.
n.a.
n.a.
5,127
1,902
387
Liabilities, total 8 2
Long-term (table 1, line 70)
Short-term 2 (table 1, line 71).....
Bl
2
3
II
19 79
1 640
—194
1,834
,.
1 692
900
792
498
28
470
315
-63
378
1 004
86
918
— 177
—245
68
108
47
241
-118
32
-160
315
n a.
n.a.
na
n a.
na
na
n a.
n a.
n.a.
n.a.
n.a.
n.a.
1,982
6 940
8,8/8
790
2,579
4,347
5,261
See footnotes on page 55.
Table 8.—Claims on Foreigners Reported by U.S. Banks 1
[Millions of dollars]
Line
(Credits (+); decrease in U.S. assets. Debits (-);
increase in U.S. assets.)
19'rs
1977
1978
1 Total
—11 427 —33 631
2
Long-term2 (table 1, line 54)
—751
na
3
Short-term2 (table 1, line 55).
—10, 676
n.a.
By area:
4
Industrial countries 3 .
—3 125 —18 107
5
Of which United Kingdom4
—1 942 —4 610
6
Caribbean banking centers
—5 825 —1 930
7
Oil-exporting countries 5
—906 —3 472
8
Other
—1 571 — 10 122
9
Of which Latin American countries - —609 —7 045
10
Asian countries
—928 —2 879
11
African countries
— 111
— 109
By type:
12
Payable in dollars
—10,905 —32 117
13
Banks' claims for own account
n.a.
14
On own foreign offices
n.a.
15
Of U.S. -owned banks
n.a.
16
Of foreign-owned banks in 7the United States.
n.a.
17
On foreign public borrowers ..
n.a.
18
On other foreign banks
n.a.
19
Of which deposits
n.a
20
On other foreigners
n.a.
21
Banks' claims for domestic customers' accounts..
n.a.
22
Deposits
n.a.
23
Negotiable and readily transferable instruments.
n.a.
24
Collections outstanding and other claims
n.a.
25
Payable in foreign currencies
""—522" —1 514
26
Banks' claims for own account ..
na
8
27
Of which deposits. .
162 8 —692
8
28
Banks' claims for domestic customers' accounts..
n.a.
(~ j~~~
29
Of which deposits
(*}
Memoranda:
Claims on foreign public borrowers (incl. in line 17
above):
30
Long-term2 2
n.a.
31
Short-term .. . . .
n.a.
Claims on all other foreigners (incl. in lines 18+20
above) :
32
Long-term22
_.
._
n.a.
33
Short-term .
n.a.
34
U.S. banks' dollar acceptances payable by foreigners
(incl. inline 12 above)
___
n.a.
See footnotes on page 55.
1979
—25 868
n a.
n a.
—6 270
—311
—5 959
—13 876
—9 963
2 376
—1 938
—14 592
— 11 429
—2 487
—558
224
—89
—26 704
—17,975
-5, 359
3 630
-8,989
—4 885
-435
—761
-7,296
-8,729
-475
II
I
—227
—3 255
—519
-608
65
— 18
102
na
n.a.
—2 140
—126
4,952
—246
—2 464
—1,358
— 1 248
114
—6 243
16 135
939
«4,788
6
3,047
8
1,741
—519
6
-2, 171
6
6 —852
6-1,159
n.a.
n.a.
n.a.
-665
n.a.
836 "~'^—27~ —1 033
n a.
1 059
8
s —7
616
—125
-223
n.a.
(8)"~
—141
na
-7,589
—2 408
n.a.
n.a.
—3 101
-4, 309
n.a.
n.a.
-6, 251
n.a.
-2,747
1980
197 9
in
IV
II
I
IV
III
I'
Amounts
outstanding
March
31, 1980
6,181
n.a.
n.a.
—7,839 -16,997
n.a.
n.a.
n.a.
n.a.
-7, 213
n.a.
n.a.
157,546
n.a.
n.a.
—1 744 —12,285
—466 —3, 791
—1 593 -2,034
—799 —1 908
—1 043 —6 057
—1 434 —3,645
507 —2 203
—180
—25
2 273
-3, 755 -10, 122
—3, 430 -5, 050
-239
-1,226
-746
54
—2,912 —5, 890
-2,272 -2,820
-2,472
1,363
52
1,842
343
-124
-343
-4, 869
49
-4,441
55
-116
-112
-145
70,570
22,739
27,149
8,428
51,399
35,022
12,899
—5 212 —21, 797
—5, 263 -19,653
— 1,338 -6, 129
952 -5, 840
-289
-2,290
—1 712 -2,034
5,377
7,329
285
2,714
1,569
2,246
-677
-487
1,119
708
513
-2,429
-260
-1,585
-584
-1,263
-799
-473
-464
-363
153,249
130,872
45,487
22,388
23,099
15,541
—5 179 —22,284
na
n.a.
n-a.
n.a.
989
3,789
1 040
—921
-279
—758
70
—1,904
—820
-92
-4,805
-793
78
n.a.
n.a.
-978
1,272
-288
804
-832
36
-611
-257
26
-108
—84
-168
-97
-46
-7,358
-6,223
-7,502
-2, 149
-5,353
-1,110
5,109
940
-108
-2,731 -2,720
-4,810 -1,135
20
-293
-4,338 -1,214
59
-179
145
-139
121
-97
203
51
24
-42
-14
3
-1,104
-602
-44
-471
23
-1,227
-1,453
-447
-934
-333
38
8,418
-1,309
-530
-2, 090 -10,320
-300
-1,000
-4,649
-289
3,075
-6,846
-1,512
4,111
132
1,600
12,917
56,543
-179
-1,766
-2,887
-1,419
1,177
19,993
-1,371
632
-842
51
-80
-36
167
33
—330
—290
363
160
-992
—580
-879
-8,679
-777
-2,811
-2, 144
19
-1,642
-521
—487
-566
-270
79
23
-872
-2,196
5,179
6,534
-1,355
-663
3,156
-687
-343
-1,952
-238
-1,426
912
530
-7,865 -16,858
-7,033 -12,048
-2,237
-799
489 -1,244
-993
-1,288
-2,568
-544
-4,512
-4, 188
-906
-1,502
123
39, 782
5.509
30,062
22,377
1,215
14,559
6,603
4,297
3,242
1,490
1,055
571
6,953
SURVEY OF CURRENT BUSINESS
54
June 1980
Table 9.—Foreign Official Assets in the United States and Other Foreign Assets in the United States Reported by U.S. Banks '
[Millions of dollars]
Line
1978
(Credits (-f); increase in foreign assets. Debits (-); decrease in
foreign assets.)
1977
Foreign official assets in the United States, net (table 1, line 57).
By area: (see text table B)
By type:
2
TJ S Treasury secruities (table 1 line 59)
3
Bills and certificates
.- 4
Denominated in U S dollars
5
Denominated in foreign currencies
6
Bonds and notes, marketable
_ „
7
Bonds and notes, nonmarketable
g
Denominated in IT S dollars
9
Denominated in foreign currencies
Other U.S. Government securities (table 1, line 60)
10
11
Other U S Government liabilities (table 1, line 61)
U.S. liabilities reported by2 U.S. banks, not included else12
where (table 1, line 62)
Al
1978
1979
I
36,575 33,293 -14,271
30 230
10,094
10 094
23 523
19,783
19 527
256
20, 377 3,696
-241
44
249
1 308
—490 — 1, 264
666
2,308
1 159 2 220
1980
197<)
II
III
IV
I
II
III
IV
Amounts
outstanding
1Vlarch 31,
1980
I*
15,422 -5,273
4,777
18,368 -8,744 -10,095
5,789 -1,221 -7,765
151,041
—22 356 12 904
5 839
—20, 005 11,483 -3, 777
—19 749 11 483 —3 777
-256
1,775
2 432 — 1 748
—314
-4, 126 — 1, Oil
—3 246
—95
—796
219
880
—215
465
211
117
527
—222
—714
3 093
—517
—517
13 365
8 752
12 859
12 594 —7 897 —13, 470
12 338 —7 641 —13 470
-256
256
5 503
5 024 5 769
5 012
4 537 —3 175
4 537 —3 175 —5 012
97 219
42 655
42 655
2,727
883
285
175
486 -1, 030
251
463
221
1 065
—579
—125
1 695
—156
1 134
874
—5
—128
1 643 —434
391
220 — 1, 156 —2, 160
226 — 1 156 —2 160
—6
94
335
41
122
216
—924
113
-604
—604
37 780
16, 784
16 784
801
—43
7,015
9 694
773
5,488
7,219
1 456
-61
916
3,177
-72
2,354
56
4,881 -3, 365
27, 111
13
14
15
16
17
18
Banks liabilities for own account, payable in dollars *
Demand, deposits
Time deposits 2 3
Other
.._
Banks' custody liabilities, payable in dollars 3 4
Other foreign official assets (table 1, line 63)
n.a.
135
—565
1,203
2,105
n.a.
-306
529
5,265
1,395
6,133
1,335
521
4,277
1 086
1,116
n.a.
724
—149
2, 329
418
n.a.
355
180
114
637
988
693
2,519 -1, 201
-525
80
-151
-25
2,590
-651
1,129
658
2,599
332
4,764 -3,721
1 581 -797
-674
832
2,351 -2, 250
356
117
345
550
14,508
3,927
2,397
8,184
12, 603
10,002
Bl
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)
7,253
18,456
477
2,074
8,175
18, 145
13 912
1,764
3, 631
46
-272
606
—44
-160
347
464
—167
344
807
626
30 512
121
30, 391
30,303
30,706
26 665
10, 756
15,909
4,041
2,013
210
1 818
-403
88
—242
20
-262
906
40
866
-3, 967
-4,249
-3, 693
-4,055
8362
8 -556
9-58
8 -120
« -378
474
0304
18
186
300
226
180
448
460
-4
-50
2
3
4
5
6
7
g
9
10
11
12
13
14
15
16
17
18
19
20
By area:
Industrial countries 5
,
Caribbean banking centers 6
Oil-exporting countries ?
Other countries
. . _ _ _ _
International financial institutions 8
__.
.
37, 498
1,183 10, 931
3 128 3 911
1 070
989
2,674 2.473
—721
71
By type:
Foreign commercial banks
5 299
U S. Treasury bills and certificates ....
. ....
22
U.S. liabilities reported by U.S. banks
2
5,277
Banks' liabilities for own account 3
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 2 3
Other
. . .
Payable in foreign currencies
Banks' custody liabilities, payable in dollars * 4
.
14 847
60
14, 787
256
213
195
-29
—53
-273
297
85
158
7,730
9,565
11,962
14,651
7,151
3,588
4,848 — 1 376
1,025
—255
3,566
7,436
—134
4,348
5,192
980
50
529
1,728
—852
—774
57
8 824
5 359
7 523
10, 716
8,817
8,591
8,291
8,533
4,489
4,044
-242
-446
5,366
5,370
4,910
2,744
2,716
7,398
7,399
7,859
10, 180
3,825
6,355
-2, 321
-1,892
-216
-213
-460
10,735
10, 527
10,364
7,553
5,436
2,117
649
-354
—72
84
846
7
21
22
23
24
25
26
27
28
29
30
-721
International financial institutions "
U.S. Treasury securities
.
-283
-1,996
Bills and certificates
Bonds and notes, marketable
..
1,713
2
U.S. liabilities reported by U S. banks
—438
Banks' liabilities for own account, payable in dollars 3.
n.a.
-59
Demand deposits
52
Time deposits 2 3
. . . . .
Other.
[ —431
Banks' custody liabilities payable in dollars 3 *
46
347
71
-129
621
211
-505
612
-98
9
376
309
200
-274
—165
-206
n.a.
n.a.
100
-70
14
121
67
17
(
-203
—21
I
41 } —305
626
543
-396
939
83
n.a.
21
138
—76
-852
-1, 193
31
32
33
34
35
36
37
38
39
40
41
2 675
Other private foreign residents and unallocated
U S Treasury securities
795
42
Bills and certificates .
*
Bonds and notes, marketable
753
Bonds and notes nonmarketable H 2
U.S. liabilities reported by U.S. banks
,.±.. . .
1,880
Banks' liabilities for own account, payable in dollars 3.
n.a.
Demand deposits
.
288
Time deposits 2 3
1 183
Other
\
.nn
Banks' custody liabilities, payable in dollars 3 *
.. j 409
3 538
2,266
46
625
1 595
1,272
n.a.
150
520
602 f(
372
6 940
240
4 498
97
51
727
189
3 674
2,442
132
1,933
n.a.
879
-303
277
401
653
509 J 158
542
235
35
200
203
118
-17
135
42
Memorandu m :
Negotiable certificates of deposit held for foreigners 3
—33
307
n.a.
360
-171
114
-100
-835
10
735
50
278
-121
154
186
-524
-260
-145
-53
—104
-115
2,421
1,673
2,816
2,953
1,595
2,555
-137
108
-35
-29
428
63
-5
-27
-23
101
85
748
-329
-110
404
203
( -145
—224 I 414
146
55
344
412
908
«100
-1
—774
-514
341
-1, 307
f
(
28
2,166
1,538
125
-74
-96
14
384
182
-39
-245
248
-13
2,280
—245
9,181
133,923
7,455 2,776
4,875 —3, 591
597
664
630
1,802
1,094
—331
6,811
1,733
45
146
446
69,099
28,417
6,853
21,318
8,236
-809
13, 082
-1
16
-825
13,083
-657
13,034
12,660
-177
10, 540 -1,608
6,630 -5,135
3,910
3,527
2,120
1,431
1,312
795
22
285
614
523
374
-480
49
-168
6,670
253
6,417
5,966
5,510
4,509
4,592
-83
1,001
112
-78
967
456
451
97, 182
675
96,507
91, 483
89,209
68,795
29t815
38,980
20,414
13,374
1,584
5,456
2,274
5,024
1,094
57
-449
1,750
107
595
1,155
-556
-656
506
739 -1,010
-13
-103
-12
6
-895
746
354
-233
-331
-576
-810
234
245
210
99
69
42
35
446
1,086
55
1,031
-640
-318
-100
-72
-146
-322
8,236
6,620
157
6,463
1,616
397
160
79
158
1,219
1,189
348
217
131
475
-283
-247
-36
841
747
522
172
53
94
758
179
-290
186
283
579
2,460
1,480
113
248
1,119
980
899
682
-139
356
81
2,065
1,940
396
376
1,168
125
-49
146
172
-267
174
28,505
10,202
778
3,433
"5,991
18,303
14,875
5,267
8,827
781
3,428
246
11,220
637
-19
2,811
1,798
119
894
163
208
-621
631
1,320
-291
Footnotes to U.S. International Transactions Tables l-10a
Table 1:
General notes for all tables: * Preliminary. *Less than $500,000 (±). n.a. Not available.
1. Credits, -f: exports of goods and services; unilateral transfers to United States; capital
inflows (increase in foreign assets (U.S. liabilities) or decrease in U.S. assets); decrease in
U.S. official reserve assets.
Debits, —: imports of goods and services; unilateral transfers to foreigners; capital outflows
(decrease in foreign assets (U.S. liabilities) or increase in U.S. assets); increase in U.S. official
2. Excludes transfers of goods and services under U.S. military grant programs (see line 16).
3. Excludes exports of goods under U.S. Military agency sales contracts identified in Census
export documents, excludes imports of goods under direct defense expenditures identified in
Census import documents, and reflects various other adjustments (for valuation, coverage,
and timing) of Census statistics to balance of payments basis; see table 3.
4. For all areas, amounts outstanding March 31,1980, were as follows in millions of dollars:
line 38, 21,448; line 39,11,172; line 40, 3,681; line 41,1,222; line 42, 5,373.
5. Includes sales of foreign obligations to foreigners.
6. Consists of bills, certificates, marketable bonds an4 notes, and nonmarketable con"
vertible and nonconvertible bonds and notes.
7. Consists of U.S. Treasury and Export-Import Bank obligations, not included elsewhere,
and of debt securities of U.S. Government corporations and agencies.
8. Includes, primarily, U.S. Government liabilities associated with military sales contracts
and other transactions arranged with or through foreign official agencies; see table 4.
9. Consists of investment in U.S. corporate stocks and in debt securities of private corporations and State and local governments.
10. Beginning with estimates for the second quarter of 1978, the distinction between shortand long-term liabilities is discontinued.
11. Conceptually, the sum of lines 79 and 74 (total, all areas) is equal to "net foreign investment" in the national income and product accounts (NIPA's) of the United States. However,
the foreign transactions account in the NIP A makes adjustments to the international accounts
for the treatment of geld, excludes reinvested earnings of incorporated foreign affiliates of
U.S. direct investors and of incorporated U.S. affiliates of foreign direct investors and, beginning with 1973-IV, excludes shipments and financing of extraordinary military orders
June 1980
SURVEY OF CURRENT BUSINESS
55
Table 6:
placed by Israel. Line 77 (total, all areas), differs from "net exports of goods and services" in
the NIPA due to the difference in gold treatment, the omission in the NIPA of net reinvested earnings, shipments of extraordinary military orders placed by Israel, and U.S.
Government interest payments to foreigners. The latter payments are classified in a separate
category in the foreign transactions account in the NIPA*s. A reconciliation table of the international accounts and the NIPA's foreign transactions accounts will appear in table 4.3 in the
presentation of the NIPA's in the July 1980 SURVEY OF CURRENT BUSINESS.
12. Includes return import into the United States, at a depreciated value of $21 million in
1972-IV and $22 million in 1973-11, of aircralt 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 nonbank claims and liabilities, the
maturity breakdown is available only on the limited basis shown in table 7.
15. Due to the introduction of new reporting forms for bank-related transactions, the maturity breakdown is available only on the limited basis shown in table 8.
16. Includes foreign currency denominated notes sold to private residents abroad. See
table 9, line 35, footnote 11.
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 consist 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
Development Bank (ADB), and Inter-American Development Bank (IDB).
4. Mainly reflects exclusion of investments by foreign official agencies in U.S. corporate
stocks and in debt securities of U.S. Government corporations and agencies, private corporations, and State and local governments. These investments are included in table 1, lines 60
and 63.
5. Securities newly issued by finance subsidiaries incorporated in the Netherlands Antilles
are included to the extent that the proceeds are transferred to U.S. parent companies.
Table 2:
Table 7:
For footnotes 1-16, see table 1.
17. Seasonally adjusted data for line 59 are not available separately; they are combined
with data in line 62 through 1972.
1. Because of changes in U.S. Treasury reporting forms, there is discontinuity in the data
series beginning with amounts outstanding at the end of December 1978. Details on the old
basis are available in the June 1979 SURVEY.
2. Beginning with the first quarter of 1979, long-term is defined as more than one year remaining to contractual maturity.
3. Consists of Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
4. Mainly in the Bahamas and Cayman Islands.
5. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oilexporting countries.
6. Includes funds obtained by finance subsidiaries incorporated in the Netherlands Antilles
from sources other than sales of newly issued securities to the extent that they are transferred
to U.S. parent companies.
Table 3:
1. Exports, Census basis, represent transaction values, f.a.s. U.S. port of exportation, for
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. foreign
country of exportation, and may differ from the actual f.a.s. transaction value at the foreign
port of exportation. The unadjusted figures for exports and imports shown in lines Al, All,
Dl, and D56, are as published by the Census Bureau, as are the seasonally adjusted figures
in lines Al and All. The seasonally adjusted figures in lines Dl and D56 are prepared by
BEA and represent the summation of seasonally adjusted 4-digit end-use categories (see
Technical Notes).
2. Beginning in 1970, adjustments in lines A6, A14, B9, B26, and B43 reflect the Census
Bureau's reconciliation of discrepancies in the merchandise trade statistics published by the
United States and the counterpart statistics published by Canada. These adjustments also
have been distributed to the affected end-use categories in section C.
3. Exports of military equipment under U.S. military agency sales contracts with foreign
governments (line A7), and direct imports by the Department of Defense and the Coast
Guard (line A15), to the extent such trade is identifiable from Customs declarations. These
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 expenditures).
4. Addition of electrical energy; deduction of exposed motion picture film for rental rather
than sale; deduction of exports to the Panama Canal Zone before October 1,1979; net change
in stock of U.S.-owned grains in storage in Canada; net timing adjustments for goods recorded
in Census data in one period but found to have been shipped in another; and coverage adjustments for special situations in which shipments were omitted from Census data.
5. Correction for discrepancy between sun of four quarters, seasonally adjusted, and the
unadjusted annual totals, plus the difference Between Census published seasonally adjusted
totals and the summation of seasonally adjusted 4-digit end-use categories.
6. Addition of electrical energy; deduction of foreign charges for repair of U.S. vessels abroad,
which are included in tables 1, 2, and 10, line 22 (other transportation); deduction of imports
from Panama Canal Zone before October 1, 1979; net timing adjustments for goods recorded
in Census data in one period but f9und to have been shipped in another; and coverage adjustments for special situations in which shipments were omitted from Census data.
7. Annual and unadjusted quarterly data shown in this table correspond to country and
area data in table 10, lines 2 and 18, except that imports from international organizations,
namely, purchases of nonmonetary gold from the IMF, are included in data for other countries
in Asia and Africa. The memorandum items are defined as follows: Industrial countries:
Western Europe, Canada, Japan, and Australia, New Zeland, and South Africa: members of
OPEC: Venezuela, Ecuador, Iraq, Iran, Kuwait, Saudi Arabia, Qater, United Arab Emirates,
Indonesia, Algeria, Libya, Nigeria, Gabon: Other countries: Latin American Republics,
Other Western Hemisphere, and Other countries in Asia and Africa, less OPEC and the
IMF, Prior to 1973, "Western Europe excluding EC (9)" includes Denmark and Ireland.
8. The statistical identification of automotive products exports to Canada (line D43) is
not as complete and comprehensive as the identification of imports under the U.S.-Canada
Automotive Products Trade Act. However, the underestimation of automotive shipments to
Canada due to unidentified auto parts and unreported exports, amounting to about $1,600
million in 1978 and $2,034 million in 1979, has been largely corrected in line C19.
9. Includes nuclear fuel materials and fuels.
10. Prior to 1973, line D55 includes reexports, and line D63 includes imports of natural
gas in transit through the United States from Western to Eastern Canada.
Table 4:
1. Expenditures to release Israel from its contractual liability to pay for defense articles
and services purchased through military sales contracts—authorized under Public Law
93-199 and subsequent similar legislation—are included in line A3. Deliveries against these
military sales contracts are included in line CIO; see footnote 2. Of the line A3 items, part of the
military 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
second part of line A3 expenditures finances future deliveries under military sales contracts
and is applied directly to lines A37 and C9. A third portion of line A3, disbursed directly to
finance purchases by Israel and other countries from commercial suppliers, is included in
line A32.
2. Transactions under military sales contracts are those in which the Department of Defense
sells and transfers military goods and services to a foreign purchaser, on a cash or credit basis.
Purchases by foreigners directly from commercial suppliers are not included as transactions
under military sales contracts. The entries for the several categories of transactions related to
military sales contracts in this and other tables are partially estimated from incomplete data.
3. The identification of transactions involving direct dollar outflows from the United States
is made in reports by each operating agency. Data for the first quarter 1980 are extrapolated
estimates by BEA, because of incomplete reports from two operating agencies.
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.
5. Includes (a) advance payments of the Department of Defense (on military sales contracts)
financed by loans extended to foreigners by U.S. Government agencies and (b) the counter
value of the part of line CIO which was delivered without prepayment by the foreign purchaser. Also includes expenditures of appropriations available to release foreign purchasers
from liability to make repayment.
6. Excludes liabilities associated with military sales contracts financed by U.S. Government grants and credits and included in line C2.
Table 5:
1. Acquisition of capital stock of existing and newly established companies, capitalization
of intercompany accounts, and other equity contributions.
2. Sales and liquidations of capital stock and other equity holdings, total and partial.
3. Petroleum includes the exploration, development and production of crude oil and gas
and the transportation, refining and marketing of petroleum products exclusive of petrochemicals. Manufacturing excludes petroleum refining and the smelting operations of mining
companies. "Other" industries includes industries other than petroleum and manufacturing,
the major ones being agriculture, mining and smelting, public utilities, transportation, trade,
insurance, finance and services.
Table 8:
1. Because of changes in U.S. Treasury reporting forms, there is discontinuity in the data
series for components of claims on foreigners reported by U.S. banks beginning with amounts
outstanding at the end of April 1978. Only partial data are available for the second quarter of
1978 on the new basis; data on the old basis are available in the June and September 1978
SURVEY.
2. Beginning with estimates for the second quarter of 1978, long-term claims are defined as
claims having more than one year remaining to contractual maturity.
3. Consists of Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
4. Mainly in the Bahamas and Cayman Islands.
5. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oilexporting countries.
6. Based on data for May and June.
7. Includes central governments (central banks, departments, and agencies), state, provincial and local governments, and international and regional organizations.
8. Prior to third quarter 1978, banks' deposits for own account are commingled with those
for domestic customers' accounts.
Table 9:
1. Because of changes in U.S. Treasury reporting forms, there is discontinuity in the data
series for some components of liabilities reported by U.S. banks beginning with amounts
outstanding at the end of April 1978. Data on the old basis are available in the June and
September 1978 SURVEY.
2. The distinction between long- and short-term liabilities is discontinued beginning with
the second quarter cf 1978; for prior quarters, all long-term liabilities are combined with
short-term time deposits.
3. Negotiable certificates of deposit issued to foreigners by U.S. banks are included with
U.S. banks' custody liabilities, and are shown in the memorandum.
4. Mainly negotiable and readily transferable instruments; excludes U.S. Treasury securities.
5. Consists of Western Europe, Canada, Japan, Australia, New Zealand, and South Africa.
6. Mainly in the Bahamas and Cayman Islands.
7. Based on data for Ecuador, Venezuela, Indonesia, and other Asian and African oilexporting countries.
8. Mainly the International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), International Finance Corporation (IFC), Asian
Development Bank (ADB), Inter-American Development Bank (IDB), and the Trust
Fund of the International Monetary Fund.
9. Based on data for May and June.
10. Beginning in the second quarter 1978, coverage is expanded from Western Europe,
Canada, Japan, Bahamas/and Cayman Islands to all countries.
11. Consists of U.S. Treasury notes denominated in foreign currencies, sold through foreign
central banks to domestic residents in country of issue; notes are subject to restricted transferability.
12. Valuation of foreign currency indebtedness based on market exchange rates at end of
month.
Table 10:
For footnotes 1-9, see table 1.
10. See footnote 11 to table 1.
11. The "European Community (9)" includes the European Communities (6)," the
United, Kingdom, Denmark and Ireland.
12. The "European Communities (6)"includesBelgium, France, Germany, Italy, Luxembourg, the Netherlands, the European Atomic Energy Community, the European Coal and
Steel Community, and the European Investment Bank.
13. Includes transactions with U.S. affiliated shipping companies operating under the
flags of Honduras, Liberia, and Panama, and U.S. affiliated multinational trading companies,
finance, and insurance companies, not designated by country.
14. See footnote 14 to table 1.
15. See footnote 15 to table 1.
16. Details not shown separately; see totals in lines 57 and 64.
17. Details not shown separately are included in combined lines 72 and 73.
Table lOa:
D Suppressed to avoid disclosure of data of individual companies.
For footnotes 1-9, see table 1.
10. See footnote 11 to table 1.
11. Details not shown separately are included in combined lines 72 and 73.
NOTE.—-Country data are based on information available from U.S. reporting sources. In
some instances the statistics may not necessarily reflect the ultimate foreign transactor. For
instance: U.S. export statistics reflect country of reported destination; in many cases the
exports may be transhipped to third countries (especially true for the Netherlands and
Germany). The geographic breakdown of security transactions reflects country with which
transaction occurred but may not necessarily reflect the ultimate sources of foreign funds or
ultimate destination of U.S. funds. Data for individual countries within EC(6) may not add
to the published totals for EC(6) since in several instances the transactions are regional and
in other instances estimates for the group are not available for each country. In addition,
country data may not add to EC (6) totals because of rounding.
SURVEY OF CUEEENT BUSINESS
56
June 1980
Table 10.—U.S. International
[Millions
1977
1 Exports of goods and services 2
Merchandise adjusted, excluding military 3
.
2
Transfers under U S military agency sales contracts
3
Travel
4
Passenger fares
5
Other transportation
..
6
Fees and royalties from affiliated foreigners
7
Fees and royalties from unaffiliated foreigners .
8
Other private services
..
9
U S Government miscellaneous services
10
Receipts of income on U.S. assets abroad:
Direct investment
11
Interest dividends and earnings of unincorporated
12
Reinvested earnings of incorporated affiJifttes
13
Other
private receipts
14
U S. Government receipts _
15
.
..
....
.
.
affiliates
--
Transfers of goods and services under U.S. military grant programs, net
16
17
18
19
20
21
22
23
24
25
26
Merchandise adjusted excluding military 8
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
-
-
.._
..
32
. .
33 Unilateral transfers (excluding military grants of goods and services) , net
U S Government grants (excluding military grants of goods and services)
34
U S Government pensions and other transfers .i .. .
.
. .
35
Private remittances and other transfers..
36
37 U S assets abroad net (increase/capital outflow (— ))
38
39
40
41
42
.
Gold
Reserve position in the International Monetary Fund
U. S. Government assets, other than official reserve assets, net
U S loans and other long-term assets
U S foreign currency holdings and U.S. short-term assets, net
43
44
45
46
47
48
49
50
51
»*
....
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:
52
53
Short-term .
.
U.S. claims reported by U.S. banks, not included elsewhere:
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 securities8
U.S. Treasury securities
Other?
Other U S Government liabilities 8
- -U S liabilities reported by 8U 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
.
Statistical discrepancy (sum of above items with sign reversed)
Memoranda:
76
77 Balance on goods and services (lines 1 and 17) *"
77, 35, and 36) ..
78 Balance on goods services and remittances (lines
10
79 Balance on current account (lines 77 and 33)
.
See footnotes on page 55.
1978
.
....
.___..
...
1977
1979
1978
1979
52,018
34,094
1,231
1,003
486
2,435
1,861
382
711
199
63,189
39,546
1,135
1,323
628
2,869
2,395
432
782
205
89,038
54,090
1,557
1,667
834
3,376
2,533
468
874
160
39,767
26,493
618
771
380
1,581
1,617
314
519
118
49,827
31,778
530
1,010
495
1,973
2,144
360
573
114
69,992
42,389
934
1,273
661
2,323
2,285
393
639
106
7,302
4,457
2,845
1,922
392
10,274
4,610
5,665
3,173
427
16,756
6,234
10,522
6,149
575
5,720
3,686
2,035
1,484
151
8,244
3,573
4,671
2,459
148
13,766
5,030
8,736
4,995
227
.
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
27
28
29
30
31
European Communities (9)11
Western Europe
(Credits +; debits -) »
Line
11
48
43
-1
-2
-1
-47,565
-28,226
-3,106
-2, 103
-2,082
-2,471
-155
-154
-876
-279
-61,995
-36, 618
-3,801
-2,600
-2, 208
-2, 768
-309
-170
-874
-355
-75,247
-41,829
-4,597
-2, 842
-2,348
-3, 199
-395
-196
-911
-444
-36,858
-22, 119
-2,712
-1,492
-1,517
-1,685
-57
-138
-723
-159
-48,610
-29,058
-3,307
-1,820
-1,623
-1,919
-193
-154
-701
-196
-58,978
-33,225
-3, 869
-2,054
-1,728
-2,239
-269
-174
-768
-258
-1,906
-870
-1, 036
-3,360
-2,846
-3,038
-1, 172
-1,867
-4, 550
-4,704
-4, 246
-1,646
-2,600
-7,639
-6,601
-1,687
-711
-976
-2, 149
-2,421
-2,760
-919
-1, 841
-3,004
-3,876
-3,798
-1,327
-2, 470
-5,368
-5,229
-11
-48
-43
1
2
1
-243
-82
-164
172
362
345
-117
-453
328
-149
-480
547
-169
-539
544
-1
-312
485
-9
-332
703
-16
-382
743
-11,719
-24,628
-25,438
-9,365
-19,396
-20,619
-142
-3,046
522
7
-2,767
1,889
-142
-3,046
522
7
-2, 767
1,889
-201
-808
637
-30
-683
-1,374
746
-55
-130
-1,108
955
24
218
-67
327
-42
250
-9
312
-53
301
-41
323
19
-11,376
-5,765
-2, 920
-2,845
-1,560
-20,899
-8, 112
-2,447
-5,665
-498
-25,831
-11,768
-1,246
-10,522
-2, 613
-9,590
-4,709
-2,674
-2,035
-1,205
-16,879
-6,837
-2, 166
-4, 671
18
-22, 808
-9, 474
-738
-8,736
-2,001
5
-552
-218
-1, 275
"-1,828 (I
20
-566
-282
-3, 222
i«-10,796
15 -9, 621 (
-363
-2, 767 f
30,559
38,428
19,282
24, 399
23,258
-7,846
176
(16)
6,160
2,858
1,822
1,036
(16)
1,894
[
(16)
(16)
(18)
26,353
(16)
15, 171
5,217
3,351
1,867
(16)
1,636
-478
-97
27,128
6,800
4,201
2,600
(16)
2,408
1,433
976
(17)
1,844
1,557
(
K 914 \
-455
-316
-79 }
657
"-9,694
27,189
20,597
O7)
-76
414
56
(17)
"-1,639
"-8,588
O7)
(17)
82
660
(16)
-177
-1,295 [
(l7)
O7)
4,702
2,861
1,841
17
( )
2,248
6,031
3,561
2,470
17
< )
1,916
-9
741 J
H 939
(16)
(16)
tf 23, 103
"19,092
"11,787
-23,050
-14,912
-7,471
-20,069
-9,372
-11,338
5,868
4,453
4,327
4,210
2,928
1,194
1,261
1,112
12,261
13,791
13,796
13, 627
4,374
2,909
3,082
3,081
2,720
1,217
1,588
1,579
9,164
11, 014
11, 375
11,360
(16)
SURVEY OF CURRENT BUSINESS
June 1980
57
Transactions, by Area
of dollars]
European Communities (6)12
United Kingdom
1977
1979
1978
1977
Eastern Europe
1979
1978
1977
10,537
6,035
133
205
142
507
504
82
174
27
13,213
7,277
186
308
194
652
661
93
203
39
21,991
10, 795
179
375
248
778
747
103
229
56
27,655
19,533
471
531
219
929
1,059
226
325
82
34,673
23,378
328
661
279
1,098
1,410
261
347
64
45,476
30, 157
724
849
377
1,295
1,442
282
384
41
1,783
848
935
850
93
2,135
1,078
1,057
1,378
88
5,328
1,845
3,483
3,068
85
3,609
2,748
862
618
52
5,738
2,467
3,271
1,054
55
7,899
3,055
4,845
1,889
136
(*)
(*)
-1
-1
-1
-9,795
-5, 135
-355
-585
-556
-612
-19
-72
-439
-25
-12,680
-6,475
-434
-771
-629
-665
-68
-84
-387
-25
-16,058
-8,010
-505
-826
-683
-762
-106
-89
-360
-50
-25,656
-16, 163
-2,297
-759
-861
-880
-37
-63
-273
-128
-34,200
-21,574
-2,813
-869
-892
-1,016
-117
-67
-298
-164
-41,074
-24,189
-3,308
-1,059
-932
-1, 187
-150
-83
-392
-200
-505
-239
-266
-1,091
-402
-813
-292
-521
-1,588
-742
-783
-469
-314
-3, 102
-782
-1, 178
-471
-707
-1,048
-1,970
-1,939
-625
-1,315
-1,398
-3, 055
-3,013
-857
-2, 157
-2, 208
-4,352
(*)
(*)
(*)
12
1979
1978
1977
4,321
3,893
6,564
5,994
38,181
28,533
73
2,150
41,930
31,229
68
2,248
50,091
36, 285
101
2,092
102
130
122
50
65
7
33
64
10
30
84
9
527
673
42
498
11
539
737
61
540
23
633
824
38
552
13
2
3
4
5
6
7
8
9
10
3,161
1,455
1,707
2,497
18
3,339
1,615
1,724
3,130
17
5,339
2,456
2,884
4,199
16
11
12
13
14
15
-33,142
-29,645
-213
-1, 433
-37,244
-33,552
-177
-1, 407
-43,340
-38,708
-95
-1,599
-455
-118
-8
-344
-28
-464
-132
-10
-373
-30
-574
-146
-14
-396
-35
17
18
19
20
21
22
23
24
25
26
-314
-68
-247
-421
-163
-354
-123
-231
-607
-140
-591
-188
-403
-988
-194
27
28
29
30
31
117
59
117
75
211
113
-1,328
-1, 127
-2
-61
-12
-55
-1,762
-1,508
-3
-94
-17
-69
-2,131
-1,895
-2
-71
-20
-77
-1
-27
-32
-4
-29
-24
-1
-21
-21
16
-23
-15
-10
(*)
(*)
(*)
32
1
1
286
255
-69
-75
-90
-102
-127
-149
33
-9
-255
550
-16
-299
570
-1
-19
-49
-20
-55
-17
-72
-128
26
-148
21
-166
17
34
35
36
-11
-508
-803
-4,577
-8,531
-6,513
37
(*)
38
39
40
41
42
-51
166
-55
190
-4,612
-7,980
-15,550
-4,334
-10,877
-4,492
7
-2,767
1,889
7
-2, 767
1,889
63
-44
138
-32
98
142
-12
156
-22
146
32
148
-44
145
-2
152
-4
-202
-347
106
40
-419
-617
174
24
-197
-569
345
27
-4,765
-2, 269
-1,334
-935
-152
-8, 109
-2,697
-1, 640
-1,057
81
-15,706
-3, 756
-273
-3,483
-807
-4,404
-2, 111
-1,249
-862
-992
-8,209
-3, 662
-391
-3, 271
-56
-6, 526
-5, 101
-256
-4, 845
-1, 182
191
-89
-606
f
\
-39
-364
-187
-696
f
1
-52
-1,890 f
(*)
[
"-4,610
14,785
958
1
3,296
2,895
1
-46
58
129
1979
199
-1
-241
441
153
-16
168
Line
1978
135
(*)
115
Canada
i* -1,181 ((
60
-201
"-9,963 (f
-327 [
-833
15,515
11,107
9
-605 f
(*)
-1
«-442 f(
"198 If
124 f
2
5,643
108
"-3,894
25, 192
1 [
30
15
51
i* -120
" -32 {f
15 -574 (
I
-24
170
19
-8
27
9
-12
20
7
-19
28
-3
43
44
45
46
-4, 595
-1,458
249
-1,707
-2,359
-8,540
-1, 124
600
-1,724
-3, 166
-6,520
-3, 798
-915
-2, 884
-2,523
47
48
49
50
51
(*)
-238
-63
203
-680 }
-460
-49
-578 }
"-3,622
3,032
14424 (I
52
53
i* -623 fI
54
55
56
1,943
57
i
(")
(»)
-7
17
(17)
62
7
( )
O)
596
330
266
1,222
O7)
(«)
81
(")
1,320
799
521
(17)
1,771
(17)
1,738
1,424
314
1,626
278
31
7
(17)
O7)
338
472
(1T)
4,276
2,119
2,157
(17)
274
-1
7
O)
(")
(17)
-3
(17)
125
-1,059
(17)
(*)
7
(I )
O)
3,371
2,057
1,315
(")
-257
7
O)
1,785
1,078
707
O7)
(17)
(17)
8
-1
}
»-5 f(
84
(")
14
11
599
2,906
294
47
247
680
449
231
(18)
155
178
-26
103
-2
154 |
f
58
-597 ]1 59
I 60
61
-9
f 62
2,540 \ 63
( 64
65
759
66
356
67
403
(16)
68
69
639
" 314If
70
71
(
(
72
73
f
I
-219
-486
}
"13,679
"-2,622
" 11, 728
"9,020
"20,766
"754
"28
"86
"-18
-10,927
6,374
-6,033
-8,970
-15,073
-5,809
-1,996
-2,146
-3,516
99
940
-2,032
74
75
900
742
754
754
802
533
648
648
2,785
5,933
6,068
6,068
3,370
1,999
2,199
2,197
1,804
472
767
759
5,968
4,402
4,673
4,658
1,768
1,968
1,900
1,899
2,385
2,559
2,484
2,484
4,099
4,432
4,343
4,343
-1, 112
5,040
4,938
4,938
-2,323
4,686
4,559
4,559
-2,423
6,751
6,602
6,602
76
77
78
79
11
416 |
f
" 3431
-229
163
-16 }
322
i* 596 I(
68
15
(i«)
(")
(1C)
SUEVEY OF CURRENT BUSINESS
58
June 1980
Table 10.—U.S. International
[Millions
Latin American Republics and Other
Western Hemisphere
(Credits +; debits -) 1
Line
1977
2
1 Exports of goods and services
Merchandise adjusted excluding military 3
_
Transfers under U S military agency sales contracts
Travel
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
•
_
Other transportation
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
Other private services
TJ 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
TJ S Government receipts
--- ___—. ___.. __
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
27
28
29
30
31
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
-
..
_.
32
U.S military grants of goods and services, net ..
33
Unilateral transfers (excluding military grants of goods and services) , net
37
-
---
-
._
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 ( — ))
38
39
40
41
42
U S official reserve assets net <
- 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
72
73
74
75
Statistical discrepancy (sum of above items with sign reversed)
76
77
78
79
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)*°
_. , _.
70
71
18, 202
12,960
61
539
290
928
453
343
130
69
24,019
17, 627
55
699
404
1,180
416
366
151
27
3,988
2,406
1,582
3,756
298
4,893
2,797
2,096
5,869
313
6,295
3,706
2,589
9,546
339
572
358
214
763
44
1,183
499
684
1,204
43
C)
-29,911
-24,541
-976
-155
-118
-1,596
69
-15
-92
-43
872
447
424
2,110
112
1
-32, 620
-26, 255
-913
-142
-103
-1,926
94
-15
-121
-40
-301
-84
-217
-422
-1,720
-510
-105
-405
-693
-1,998
14
14
6
-27,782
-21, 164
-174
-2,962
-223
-697
-3
-11
-713
-283
-31,525
-23,041
-242
-3, 317
-221
-776
-16
-14
-1,008
-339
-42,592
-30, 555
-295
-3, 767
-264
-887
-9
-1,058
-352
(*)
-22,438
-18, 565
-823
-149
-122
-1,441
34
-16
-70
-46
-360
-214
-146
-1,105
-87
-407
-153
-254
-2,041
-103
-525
-221
-304
-4,780
-96
-207
-44
-163
-236
-797
See footnotes on page 55.
-6
-14
-43
-72
-253
-145
-424
-341
-170
-508
-8
-35
-21
-51
-16,681
-14,969
541
-5,957
-5,500
-1,637
-239
-1,637
-239
-822
-267
-129
-354
-12,100
300
__ _
_._ _
-542
-1,120
567
11
-26
-100
54
21
66
-25
94
-3
-11,858
-4,003
-2,422
-1,582
-152
-16,245
-4,300
-2,204
-2,096
171
-14,659
-4,043
-1,454
-2,589
310
496
-344
-130
-214
-308
-4,294
-718
-34
-684
328
-5,327
-803
-379
-424
-264
111
-775
169
-1,541
8,987
H -377 I
is-10,549
19,912
12
-156
65
1,227
6,329
(17)
(")
62
-84
146
CO
280
-6
140
(17)
351
-57 }
321
587
424
163
1,271
967
304
00
88
(
" 471{
m
273
-92
501
U -29
15 -3, 733
»5-4,230
13,749
-12,074
(17)
221
1,073
(17)
(17)
(17)
(")
713
459
254
104
-20
26
13
-171 [
(17)
(17)
(17)
(17)
(")
]
-10
-57
46
-57
105
-2
5,367
|
(*)
-310
-1,175
863
2
1
-.
-67
-435
-1,045
614
-5
-918
-6, 120 } is- 10, 745
-
1
(*)
(*)
-1,019
-740
300
Foreign assets in the United States net (increase/capital inflow (-f-))
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 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
.
_ _
_
56
57
58
59
60
61
62
63
64
65
66
67
68
69
14,355
10, 566
40
450
300
885
302
275
99
60
- - -
-
1979
50,872
28, 552
85
3,037
407
1,158
405
107
867
7*
-14
.
1978
38,179
22,033
59
2,441
312
945
361
89
786
78
.
..
1977
1979
30,431
17,921
148
2,047
240
816
337
71
739
72
Transfers of foods and services under TJ S military grant programs net
17
18
19
20
21
22
23
24
25
26
34
35
36
-
1978
Japan
(17)
987
770
217
202
-44 }
203
(17)
692
287
405
304
"52
"4,878
"7,633
« 18, 102
"4,956
"11,328
17-13,343
4,833
1,862
-12,203
1,256
3,990
26,241
-3,243
2,649
2,167
1,900
-1,008
6,654
6,084
5,832
-2,003
8,279
7,601
7,260
-7,999
-8,083
-8, 126
-8, 126
-11,581
-11,710
-11,782
-11,782
-8,628
-8,601
-8,667
-8,667
SURVEY OF CURRENT BUSINESS
June 1980
59
Transactions, by Area—Continued
of dollars]
International organizations and unallocated w
Other countries in Asia and Africa
Australia, New Zealand, and South Africa
Line
1977
1979
1978
1978
1977
1979
5,785
3,777
48
170
126
169
210
41
119
3
6,923
4,213
207
195
136
204
243
46
132
3
8,536
5,435
136
258
168
246
254
49
123
4
38,444
23,030
5,908
330
213
1,343
367
59
1,192
142
45,799
28, 180
6,701
440
237
1,546
515
61
1,334
165
54,321
34,072
5,261
582
343
1,769
508
91
1,101
178
2,194
2,493
3,068
4
8
1
988
44
1,145
71
1,309
101
380
64
448
69
541
58
1
2
3
4
5
6
7
8
9
10
851
608
243
249
23
1,193
693
500
332
19
1,461
783
679
383
19
3,954
3,267
688
1,207
700
4,072
3,303
769
1,710
837
6,440
5,456
984
2,854
1,122
254
245
9
370
90
211
180
31
429
112
651
319
332
409
-2
11
12
13
14
15
179
174
256
-3,349
-2, 792
-21
-112
-111
-134
2
-1
—31
-30
-5,075
-4,440
-29
-150
-127
-146
-3
-1
-30
-37
-6,272
-5,494
-27
-183
-140
-208
-7
-1
-38
-41
-55,355
-49, 516
-1,485
-631
-144
-894
-1
-1
-133
-327
-58,892
-51, 361
-2,126
-752
-153
-984
-2
-1
-160
-356
-74,823
-65,603
-2, 539
-809
-169
-1, 216
-9
-2
-232
-397
-3,209
-654
-3,836
-752
-4,604
-1,185
-54
-1, 727
-52
-2, 110
-56
-2,380
-1
-332
-1
-362
-1
-384
17
18
19
20
21
22
23
24
25
26
-21
-16
-5
-34
-65
-22
-20
-2
-49
-42
-35
-35
-58
-40
-25
-36
11
-935
-1,263
-88
-76
-13
-1,374
-1,535
-127
-108
-19
-2,055
-1,664
-179
-174
-256
-32
-36
-41
-3,071
-3,479
-9
-24
-10
-26
-10
-31
-2, 100
-225
-745
-944
-99
-4,874
-989
16
-123
-319
-130
-429
-124
-473
27
28
29
30
31
-3,794
-297
-363
-343
33
-2,414
-262
-803
-2,679
-274
-841
-290
-356
-335
-7
-7
-8
34
35
36
-9,323
-7,081
-2,066
5,381
-1,345
37
-533
-118
-121
-294
5,415
-65
1,249
4,231
-1,390
-65
-1, 136
-189
38
39
40
41
42
32
50
-17
65
3
35
-11
48
-2
38
-11
43
6
-2,346
-3,566
1,208
13
-2,641
-3,828
1,281
-98
-2,979
-4,461
1,519
-38
-517
-521
5
-483
-488
5
-278
-283
5
43
44
45
46
-1,039
-342
-99
-243
-273
-979
-846
-346
-500
-174
-137
-682
-3
-679
21
-2,529
-1,032
-344
-688
217
-6,682
-1,429
-660
-769
-389
-4,102
-3,279
-2,295
-984
177
-1,016
47
55
-9
-1,024
449
183
215
-31
279
323
55
387
-332
251
47
48
49
50
51
7
6
-13
U-64 If
-11
352
-56
-380
1554
is 588 Ii
151
-1,502 ;
-634
-64
149
(17)
00
00
82
86
CO
(17)
-30
-35
5
00
I
1979
1978
1977
CO
78
76
2
2
2
-17
-4
25
17 -678
17-251
-781
985
2,436
2,404
2,404
00
770
61
61
00
11
"81 /I
00
-43
-32
-11
82
8,432
00
-1,140
364
00
00
00
00
222
209
13
175
-38}
-11
is _877 (
(
160
00
52
53
K -123 {
(
» -4, 656
10,111
151
00
44
-252 }
O7)
132
113
19
149
{::-::::::
iL~. -.::::
-638
-638
1
00
26
CO
i« -13
i«-18
54
55
-367
-45
-367
-45
56
57
58
59
60
61
62
63
64
65
66
67
68
69
268
(17)
-93
70
71
12
348
-7
390
" -135
17 -155
178,943
17-983
179,426
17-664
"-634
1748
72
73
-805
—2,272
14,745
25,734
22,944
4,016
-3,309
1,139
2,130
74
75
-227
1,848
1,813
1,813
-59
2,263
2,222
2,222
-26,486
-16,911
-17,881
-19,981
-23,181
-13,093
-14,158
-16,571
-31,531
-20,502
-21,617
-24,296
-654
-1,015
-1,022
-1,312
-752
—1,343
-1,350
-1,706
-1,185
-1,536
-1,543
-1,878
76
77
78
79
SUEVEY OF CURRENT BUSINESS
60
June 1980
Table 10.—U.S. International
[Millions of
Western Europe
Line
1979
(Credits +; debits -) 1
I
1 Export of goods and services ^
Merchandise adjusted excluding military 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
0 ther private services
TJ S Government miscellaneous services
Receipts of income on U.S. assets abroad:
11
Direct investment
Interest dividends and earnings of unincorporated affiliates
12
Reinvested earnings of incorporated affiliates
_ __ 13
14
Other private receipts
TJ S Government receipts
15
2
3
4
5
6
7
8
9
10
-
- -
Transfers of goods and services under U.S. military grant programs, net
16
17
18
19
20
21
22
23
24
25
26
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
27
28
29
30
31
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
33
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 ( — ))
37
U S. official reserve assets, net *
Gold
Special drawing rights
Reserve position in the International Monetary Fund
Foreign currencies
38
39
40
41
42
_ -_
--
__.
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 unamiiated 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
_ _ _ _ _ _ _
_
54
55
56
Foreign assets in the United States, net (increase/capital inflow (+))-
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
7$
73
III
IV
1979
I
IP
II
1980
III
IV
IP
20,059
12, 534
343
298
139
777
609
116
210
37
21,418
13, 126
449
470
222
879
619
116
216
49
21,740
12, 578
374
522
278
885
589
117
222
67
25,820
15, 852
391
377
195
834
717
120
226
7
28,752
18, 287
441
302
171
888
684
125
231
23
15,944
10,009
202
225
113
531
558
98
154
21
16,428
10, Oil
172
369
177
609
559
97
158
33
17,240
9,979
272
407
222
611
527
98
162
49
20,380
12, 390
290
272
149
573
641
100
166
3
22,691
14, 301
316
232
140
616
619
104
169
17
3,644
1,362
2,281
1,249
104
3,838
1,237
2,601
1,310
125
4,377
1,689
2,688
1,579
153
4,897
1,945
2,952
2,012
192
5,296
1,863
3,433
2,161
143
3,015
1,060
1,955
989
30
3,148
953
2,195
1,055
42
3,556
1,344
2,211
1, 292
66
4,048
1,673
2,375
1,660
89
4, 362
1,510
2,852
1,787
28
8
10
15
10
8
-1
-814
-371
-443
-1,539
-1,616
-1,077
-375
-703
-1,705
-1,602
-1,239
-456
-783
-1,948
-1,646
-8
-10
-15
-10
-8
1
6
-32
-25
-113
-51
-24
-123
153
-20
-133
120
-37
-133
145
-89
-151
127
-2,875
(*)
-
Foreign official assets in the United States, net
U.S. Government securities9 _
_
U S. Treasury
securities
Other 7
. _.
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
-1,116
-444
-672
-2, 447
-1,737
-1,111
-358
-753
-2, 640
-1,803
-1,024
-366
-658
-1,765
-1,401
-1, 132
-370
-763
-1,391
-1,306
103
76
99
68
107
-79
-136
164
_2
-86
192
—2
-95
172
-9
-92
199
-3
-110
180
-5
-95
207
-1,492
-7,032
-7,692
-4,402
-4,082
-1,651
-1,651
(*)
-7,846
-9,430
-5,287
-5,045
438
2,850
-592
-1, 858
-829
426
2,857
-565
-2, 174
438
2,850
-592
-1,858
-829
426
2,857
-565
19
-219
234
5
-1,012
-299
-713
-1,897
-1,480
-962
-292
-669
-1,192
-1,276
-680
-299
-380
-1,020
-1,246
-2, 174
-175
-362
175
11
43
44
45
46
52
53
II
1980
16 252
18,934
19 546 -20,515 -21,518 -12,507 -14,947 -15,493 -16,031 -16,344
-9, 243 -10,616 -10 401 -11,569 -12, 358 -7, 239 -8,540 -8,359 -9, 087 -9, 372
922
-1,068 -1,035 -1,161 -1,334 -1,414
-884
-1,098 -1,024
-966
-324
-317
-887
-493
-358
-221
-240
-1,145
-651
-858
-354
-762
-356
-458
-493
-468
-325
-556
-500
-660
-743
-585
-597
-774
-833
-849
-847
-516
-597
-540
-55
-84
-99
-88
-95
-117
-57
-57
-66
-90
-45
-46
-47
-52
-44
-49
-42
-43
-51
-50
-203
-184
-199
-222
-225
-235
-240
-195
-230
-190
-63
-103
-102
-61
-124
-106
-85
-115
-55
-57
- --
32
34
35
36
European Communities (9) »
60
-7
151
-13
147
18
-26
-108
41
41
-7,512 -10,602
-2, 777 -1,954
-582
257
-2, 195 -2,211
-547
-786
-3,988
-2,656
-281
-2, 375
-346
-2,405
-2, 917
-65
-2, 852
-97
71
-149
229
-9
-45
-378
317
17
-111
-378
226
41
44
-5
38
11
-526
-2,660
-379
-2, 281
-459
-8,303 -12,351
-3, 527 -2, 381
-926
307
-2,601 -2,688
-634
-1,058
-4,651
-3, 200
-248
-2,952
-462
-3,075
-3, 323
110
-3, 433
-105
-707
-2,088
-132
-1,955
-322
149
" -276 "-1,219
" -342
n.a.
" -67 " -283- "-1,041
" -248
n.a.
15 -646
15353
is 1, 770 is-3,905 is-6,821
15-738
15609
12,534
5,101
730
is 2, 584 is-3,866 is-7,693
-755
1,713
12,908
5,416
-2,525
-3, 115
, (tt)
-6, 703
3,472
-1,500
-8,686
(16)
(i«)
(it)
(16)
99
} (»•)
2,361
1,012
569
443
91
(i«)
8,416
1,800
1,098
703
633
825
-76
(ii)
9, 436
2,571
1,788
783
('•)
223
-32
(ifl)
6,916
1.417
746
672
(»)
163
-44
(ii)
6,162
855
102
753
(i«)
1,716
1447
"314
"986
n.a.
(!•)
(ii)
(16)
| "-433
} (16)
(16)
(16)
(«)
442
53
-23
78
-2
2,520
(17)
(17)
37
146
53
(17)
-164
(17)
-95
(17)
-84
(17)
(17)
(17)
928
548
380
1 683
1,014
669
2,234
1,472
763
519
681
269
1,186
528
658
17
( )
447
1,139
"-454
"-99
"415
"1,077
n.a.
17-589
i7109
179,780
172,486 17-1,043
(17)
(17)
(17)
(17)
(17)
718
5
713
(17)
74
75
Allocations of special drawing rights
Statistical discrepancy (sum of above items with sign reversed)
-183
3,681
-5,647
-5,322
387
-2,490
2,956
-6,688
-5, 116
-3, 103
76
77
78
79
Memoranda:
Balance on merchandise trade (lines 2 and 18).
Balance on goods and services (lines 1 and 17)10
Balance on goods, services, and remittances (lines
77, 35, and 36)
Balance on current account (lines 77 and 33) 10_
3, 291
3,807
3,836
3,813
2,510
2,484
2,472
2, 453
2,177
2,194
2,205
2,169
4,283
5,305
5,282
5, 193
5,929
7,234
7,262
7,183
2,770
3, 437
3,542
3,540
1,471
1,481
1,559
1,557
1,620
1,747
1,855
1,846
3,303
4,349
4,420
4,417
4,929
6,347
6.460
6,454
See footnotes on page 55.
SUKVEY OF CURRENT BUSINESS
June 1980
61
Transactions, by Area—Continued
dollars]
European Communities (6)12
United Kingdom
1979
I
1980
III
II
IV
I*
1979
1980
1979
1980
Line
I
II
III
IV
IP
I
II
1,115
997
1,588
1,451
1,710
1,558
2,150
1,988
1,396
1,229
29
31
31
31
28
7
20
2
7
21
3
8
22
4
8
21
8
21
1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
III
IV
I P
4,415
2,564
43
65
47
179
154
25
56
9
4,971
2,563
41
105
64
203
173
25
57
15
6,190
2,634
44
120
75
205
182
26
58
31
6,415
3,034
50
85
62
192
238
27
58
1
6,620
3,229
51
76
56
201
186
28
59
11
10,947
7,073
153
151
61
294
382
71
92
9
10,868
7,107
125
248
100
341
362
70
95
15
10,462
7,031
224
275
139
342
320
70
97
15
13,199
8,946
222
175
78
319
378
71
100
2
15,340
10, 635
224
145
77
350
406
75
103
6
704
464
240
565
5
1,106
281
825
613
5
1,993
340
1,653
817
5
1,525
760
765
1,073
70
1,548
511
1,038
1,170
5
2,223
527
1,696
414
24
1, 939
658
1,281
432
36
1,424
997
427
466
60
2,314
873
1,440
578
16
2,691
956
1,734
605
23
-3, 184
-1, 658
-124
-70
-133
-175
-29
-22
-90
-10
-3,986
-1,984
-107
-265
-207
-184
-20
-22
-90
-8
-4,376
-2, 064
-135
-343
-204
-204
-23
-22
-90
-23
-4,512
-2, 304
-140
-148
-139
-199
-34
-23
-91
-9
-4,754
-2, 425
-152
-69
-150
-201
-27
-24
-93
-14
-8,913
-5, 331
-785
-145
-171
-272
-24
-20
-90
-43
-10 471
-6, 297
-765
-322
-313
-285
-35
-21
-96
-47
-10,623
-6, 057
-815
-430
-257
-318
-40
-21
-101
-60
-11,068
-6,504
-943
-162
-191
-312
-51
-22
-104
-51
-11,145
-6,665
-854
-160
-183
-321
-22
-22
-106
-47
-144
-117
-28
-552
-176
-240
-97
-143
-666
-194
-262
-94
-169
-809
-199
-138
-163
25
-1,076
-213
-149
-81
-68
-1,189
-261
-537
-182
-355
-455
-1,040
-721
-196
-526
-513
-1,056
-869
-276
-593
-570
-1,083
-886
-203
-683
-670
-1,173
-862
-217
-645
-694
-1,209
31
30
37
37
44
83
56
74
43
74
-16
-22
-25
-26
-22
33
-13
45
-14
44
-14
51
-14
51
-15
59
-2
-66
152
-2
-75
132
-9
-71
153
-3
-88
133
-73
153
-2
-14
-5
-17
-5
-20
-5
-21
-5
-18
34
35
36
648
-5,048
-8,237
-2,912
198
-2,098
-1,767
709
-1,336
-4,144
-21
-157
-420
-205
-222
-829
426
2,857
-565
-1,651
-1,651
(*)
42
18
42
33
53
35
75
27
84
26
-360
-315
(*)
-5
-1
-19
-502
-434
-1
-21
-10
-19
-586
-516
-1
-27
-8
-20
-683
-630
-1
-18
-1
-19
-375
-334
(*)
-1
-20
16
-1
-11
-5
(*)
-4
(*)
(*)
-5
-2
-6
426
2,857
-565
29
107
10
23
13
53
i
48
5
52
-22
28
-1
29
-8,254
-1,877
-224
-1,653
-346
-3, 029
-631
134
-765
-263
289
-1,294
-256
-1,038
219
-1,304
-1,992
-295
-1,696
-234
-2, 246
-1,369
-88
-1,281
-422
-2, 178
44
471
-427
-442
-799
-1,785
-344
-1,440
-84
-2, 558
-1,546
188
-1, 734
-317
49
H -258
i* -981
"337
n.a.
14209
14 -54
" -572
n.a.
1414
» -32
145
"989
is-3,430
i« -5, 050
15 -2, 472
151,363
15713
is -430
is -1,726
is 1, 641
is -695
1535
15-82
2,205
4,394
5,983
2,933
4,452
-2,091
-1,019
6,422
2,332
-3, 176
-72
55
14
12
7
10
622
-2
238
-240
-86
-5, 045
-1,246
-421
-825
-112
" -279
-21
(17)
(17)
62
(17)
418
390
28
(17)
(17)
25
(17)
941
797
143
354
466
}
14-142
}
(>7)
(17)
(17)
18
15
(17)
593
424
169
-6
(*)
(17)
-213
-188
-25
(17)
17
-51
68
(17)
" -25
(17)
(17)
(17)
48
30
(17)
(17)
517
162
355
27
28
29
30
31
(17)
-209
734
209
526
-126
(17)
1, 631
1,038
593
(17)
25
41
(*)
(17)
(17)
66
(*)
1,394
711
683
(17)
(17)
-96
(17)
702
57
645
(17)
37
38
39
40
41
42
35
117
(17)
-2
-7
17
18
19
20
21
22
23
24
25
26
32
-829
17
(17)
(t)
-7
(*)
(*)
-91
—96
6
-2
-3
-22
19
-1
(17)
9
-5
-6
-6
(*)
(*)
1
(*)
26
(*)
-1
(*)
(*)
|
Eastern Europe
-70
-136
58
8
-43
-144
92
8
-65
-208
136
8
-19
-82
59
3
58
-42
94
5
43
44
45
46
-114
-355
-186
-279
47
48
49
50
51
(*)
(17)
(17)
-19
(
n.a. I
52
53
is -360
15 -167
is -279 (I
54
55
6
-13
(17)
14
-44
(17)
(17)
(*)
(*)
(*)
(*)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
56
57
58
59
60
61
62
63
64
65
66
67
68
69
255
551
935
154
219
9
-108
204
H_47
"53
14479
n.a.
14-310
14-57
"347
14616
n.a.
148
145
145
14-23
n.a.
70
71
i 7 1,596
17 2, 973
i7 5, 057
17 2, 102
173,482
17-2,481
17-1,963
17 4, 643
17555
17-3,986
17-79
1750
171
1710
17-44
72
73
-4, 115
-361
404
-1,961
-6,559
2,072
2,334
-7,044
-3, 169
3,050
-647
-962
-685
-1,223
-734
74
75
906
1, 231
1,263
1,263
579
985
1,016
1,016
570
1,813
1,850
1,850
730
1,903
1,940
1,940
804
1,866
1,910
1,910
1,742
2,034
2,120
2,117
810
397
454
453
974
-160
-78
-86
2,442
2,132
2,177
2,174
3.970
4,196
4,276
4,270
682
755
739
739
1,017
1,086
1,064
1,064
1,042
1,124
1,098
1,098
1,358
1,468
1,442
1,442
895
1,022
999
999
76
77
78
79
(*)
(*)
SURVEY OF CURRENT BUSINESS
62
June 1980
Table 10.—U.S. International
[Millions
Latin American Republics and Other Western Hemisphere
Canada
(Credits +; debts -) 1
Line
I
11
12
13
14
15
16
-
13, 372
9,637
31
679
-
142
167
11
137
4
160
206
10
137
4
173
228
9
138
3
158
223
9
139
2
--
1,028
434
594
1,006
3
1,334
494
840
1,016
6
1,353
527
826
1,069
2
1,625
1,001
624
1,108
6
Merchandise adjusted excluding military ^
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
27
28
29
30
31
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
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 (— ))
38
39
40
41
42
U S official reserve assets net*
Gold
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
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
II
III
IV
IP
159
177
10
150
1
12,623
6,852
24
796
82
295
84
26
216
20
12, 931
7,252
15
872
148
302
118
27
213
21
14,413
8,440
21
812
102
297
127
28
226
13
14,562
8,152
24
645
99
311
96
29
232
12
1,327
454
873
1,199
2
1,458
822
636
2,100
85
1,978
1,226
752
2,172
77
1,513
788
725
2,364
87
1,347
871
476
2,910
90
1,592
880
712
3,288
83
1
2
2
1
-9,922 -11,059 -10,670 -11,690 -12,144
-9, 119 -9,883 -9,109 -10, 597 -11,164
-32
-13
-27
-36
-23
-137
-776
-256
-180
-430
-
2
-9, 974 -11,004 -12,284 -13,865
-7, 197 -7,828 -8, 873 -9, 933
-69
-90
-97
-81
-941
-948
-858 -1, 143
-61
-49
-80
-85
-211
-235
-244
-244
-2
-4
—6
(*)
-1
-1
-1
-263
-273
-279
-257
-101
-64
-60
-99
-113
-38
-3
-96
-7
-140
-34
-3
-99
-18
-167
-31
-4
-100
-5
-154
-43
-4
-101
-6
-130
-30
-4
-106
-7
-9,331
-6,657
-55
-1,020
-74
-197
-3
_2
-264
-93
-122
-45
-77
-212
-44
-150
-39
-111
-226
-52
-147
-44
-103
-255
-50
-171
-61
-111
-295
-48
-75
-21
-54
-362
-51
-116
-41
-76
-829
-22
-2
-2
-140
-77
-63
-1,835
-39
1
-32
-34
-42
-41
-33
-241
-232
-265
-282
-268
-74
-39
-119
-90
-43
-132
-92
-48
-142
-76
-48
-144
-2
U S military grants of goods and services, net
33
47
48
49
50
51
I
1980
10,905
6,003
26
557
75
264
75
25
213
19
--
32
37
1979
Transfers of goods and services under U.S. military grant programs, net
17
18
19
20
21
22
23
24
25
26
34
35
36
IP
13,252
9,558
33
391
- -
Interest dividends and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private receipts
TJ S Government receipts
IV
12, 103
8,615
18
497
- -
TJ S Government miscellaneous services
Receipts of income on U.S. assets abroad:
III
12,912
9,463
24
552
Merchandise adjusted excluding military ^
Transfers under TJ S military agency sales contracts
Travel
Fees and royalties from affiliated foreigners
Fees and royalties from unaffiliated foreigners
II
11,824
8,649
27
652
1 Exoorts of floods and services '
2
3
4
5
6
7
8
9
10
1980
1979
-106
-42
-65
-1,000
-22
-1
-126
-64
-62
-1,314
-25
-176
-75
-101
-1,638
-27
-38
7
-39
5
-45
3
-44
3
-43
10
-85
-41
-115
-2,984
-723
-2,703
-104
-2,210
256
-2,794
-6,470
-5,962
1,185
(•)
-
Reserve position in the International Monetary Fund
(•)
-5
(•)
6
-11
-2
8
11
-4
-12
6
1
9
-4
-22
-32
9
1
-33
-178
144
1
-11
-226
211
4
-223
-430
209
-2
-43
-341
299
-1
-84
-346
270
-8
-2, 979
-905
-311
-594
-756
-7,41
-1,155
-316
-840
-126
-2, 699
-1,252
-426
-826
-1,175
-101
-487
138
-624
-466
-2,188
-901
-27
-873
-907
290
-943
-307
-636
87
-2,783
-877
-125
-752
131
-6, 247
-1,230
-505
-725
66
-5,920
-992
-517
-476
27
1,269
-1,007
-295
-712
143
} "-684
14127
"288
"693
n.a. "-2,168
" 1, 359
"324
"108
n.a.
[is -634
«413
15-560
15158
15-381
1,210
-752
1,990
-505
1,655
592
Foreign official assets in the United States, net
U.S Government securities
-- - . U.S. Treasury
securities '
7
Other
-10
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
_
.
..
618
110
Direct investment
-33
Equity and intercompany accounts
- 77
Reinvested earnings of incorporated affiliates
(16)
U S Treasury securities
112
U.S. securities other than U.S. Treasury securities .
U.S. liabilities to unaffiliated foreigners reported by U.S. nonbanking concerns:
Long-term
[ "-37
Short-term
-U.S. liabilities reported by U.S. banks, not included elsewhere:
Long-term
-[ (")
Short-term
- -- ...
-1,119
439
-509
-260
(16)
(16)
U S private assets net
Direct investment
Equity and intercompany accounts
._
._
Reinvested earnings of incorporated affiliates
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
-Foreign assets in the United States, net (increase/capital inflow (-}-))
[(.«)
74
75
Allocations of special drawing rights
,
.
Statistical discrepancy (sum of above items with sign reversed)
76
77
78
79
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) 1°
See footnotes on page 55.
-
18
<•)
(16)
(16)
5
-9
(16)
(16)
367
295
184
111
1,551
109
6
103
121
"72
(16)
"T
6
(18)
-7
(16)
15 3, 314 15-3,395 is-5,406 15-5,062 « 2, 133
6,937
1 (17)
-13
1 (17)
7,035
5,779
(17)
(17)
-5
O7)
3
244
134
111
1,914
107
53
54
286
120
356
94
340
276
65
(17)
-16
"67
"212
n.a.
"162
"-57
(16)
(16)
(16)
243
167
76
(17)
2,068
161
(17)
9
(17)
(17)
-11
-6
(17)
253
191
62
(17)
(17)
43
-20
63
435
334
101
(17)
(17)
37
-27
"333
"33
127
n.a.
7
(16)
(16)
(16)
(16)
"6,451
176,773
17 5, 147
17-269
i l,904
-96
-345
-679
-913
-640
-8,527
-6,659
-973
3,955
-3,682
-470
1,902
1,870
1,870
-420
1,853
1,819
1,819
-494
1,434
1,392
1,392
-1,527
1,228
1,195
1,195
-649
1,574
1,419
1,333
-345
2,649
2,491
2,417
-576
1,928
1,753
1,663
-433
2,128
1,939
1,846
-1,781
696
504
429
-1,039
1,563
1,521
1,521
SURVEY OF CURRENT BUSINESS
June 1980
63
Transactions, by Area—Continued
of dollars]
Australia, New Zealand, and South
Africa
Japan
I
II
1979
1980
1979
III
IV
IP
I
II
Other countries in Asia and Africa
1979
1980
III
IV
IP
I
II
International organizations
and
unallocated i3
1980
III
IP
IV
I
5,743
4,220
15
189
103
273
89
90
36
7
5,599
4,108
13
175
96
302
107
90
37
9
6,287
4,559
12
185
106
311
115
92
38
9
6,390
4,740
14
150
99
294
106
94
40
2
7,000
5,033
13
208
115
300
97
98
41
1
1,873
1,177
54
45
29
55
56
12
31
1
2,141
1,337
34
88
47
66
66
12
30
1
2,062
1,265
18
75
49
65
66
12
30
1
2,460
1,656
30
50
44
59
67
13
31
1
2,262
1,461
30
60
39
62
61
13
33
(*)
12,375
7,744
1,536
109
67
413
135
20
291
34
12,795
8,090
1,384
158
77
436
118
22
273
48
14,057
8,775
1,255
210
124
464
126
24
266
54
15,095
9, 463
1,087
105
75
456
131
25
270
43
15,639
10, 067
1,160
163
78
439
115
25
285
47
227
98
128
463
31
190
97
93
448
24
299
151
148
529
32
156
102
55
670
25
243
126
118
812
39
336
177
159
73
4
341
187
154
113
6
402
187
215
75
3
382
231
151
122
6
421
227
194
77
3
1,130
953
178
655
240
1,282
1,060
223
661
247
1,786
1,540
247
720
253
2,241
1,904
337
818
382
2,163
1,907
256
889
208
19
38
71
129
81
-7,843
-6, 269
-251
-19
-25
-454
23
-4
-28
-9
-8,204
-6, 569
-220
-51
-34
-470
28
-4
-30
-10
-8,217
-6, 616
-234
-42
-28
-506
25
-4
-31
-9
-8,356
-6, 801
-209
-30
-16
-496
18
-4
-32
-11
-85
-35
-51
-155
-568
-149
-37
-112
-169
-527
-144
-18
-126
-167
-462
-131
-16
-115
-203
-441
(*)
(*)
(*)
-8
769
(*)
8
%
-98
14
-111
-188
-400
-4
-8
5
-13
-9
-10
-8
-2
-14
-15
-14
-9
-14
-12
-2
-18
-7
-5
-11
-10
-9
-11
-8
-8
-12
-9
-3
-18
-16
-23
-22
6
-11
-2
-9
133
5
-13
-4
-10
-6
-17
(*)
-5
-16
-40
-466
-2,895
-2,099
-3,563
-183
-23
-19
-14
-202
-2
0
-372
-15
-17
3
-416
-381
-47
-35
-11
-484
-394
-39
-30
-10
-496
-412
-27
-26
-1
-659
-478
II
757
n
1980
III
796
IV
746
Line
IP
1
2
3
4
5
6
7
8
9
10
893
1
(*)
323
20
321
31
325
24
341
27
346
2
129
19
134
18
137
20
141
1
145
141
44
97
135
4
186
83
103
72
-5
159
62
97
131
166
131
35
71
270
84
185
128
1
11.
12
13
14
15
-997 -1,087 -1,277 -1,243 -1,741
-222
-352
-253
-849
-358
16
-8,758 -1,418 -1,646 -1,597 -1,612 -1,900 -15,524 -17,098 -20,305 -21,895 -24, 109
-7, 287 -1, 229 -1,466 -1, 422 -1, 377 -1, 656 -13,479 -14,791 -17,975 -19,358 -21,421
y
-204
-5
-8
-8
-6
-615
-674
-626
-643
-625
-28
-75
-30
-50
-30
-75
-160
-221
-215
-213
-220
-32
-33
-29
-43
-32
-41
-35
-42
-40
-52
-48
-44
-502
-59
-56
-49
-58
-285
-293
-326
-312
-328
_2
1
-1
23
-5
-3
-4
-3
(*)
-4
-1
-1
-1
-1
(*)
(*) Q
0
(*)
-32
-9
-52
-10
-10
-64
-57
-63
-60
-14
-9
-7
-13
-8
-87
-103
-102
-101
-107
-17
-23
5
-673
-591
-16
-583
-9
-589
-15
-609
-16
-599
-17
-592
(*)
-41
(*)
—7
(*)
-242
(*)
-95
(*)
-104
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
-24
-111
-31
-100
-31
-127
-39
-136
-27
-153
-19
-38
-71
-129
-81
-10
-950
-939
-881
-1024
-1,344
-69
-107
-123
-45
-137
33
-706
-66
-167
-629
-71
-182
-661
-74
-289
-1,021
-81
-243
-69
-99
-123
-45
-137
34
35
36
-3,096
-2,877
-111
-1,172 -1,455
-89
-84
282
-1,228
-72
-52
-1, 142
-86
6
-78
-52
(*)
-15
1979
-3
-7
-3
-8
-3
-8
-682
-64
-203
29
111
-253
-998
32
-8
-814
37
-38 -1,186
—65
-1, 152
-34
27
38
39
40
41
42
-183
-23
-19
-14
-202
2
-13
17
-2
22
-9
32
-1
17
-1
16
2
26
-3
29
-1
49
-2
50
(*)
15
-1
15
1
3
-10
11
2
6
15
7
-1
10
5
-5
-11
6
(•)
-798
-1,083
340
-55
-828
-1, 179
362
-11
-586
-988
358
43
-767
-1,211
459
-15
-1,238
-1,674
307
129
-99
-102
3
-112
-112
-18
-19
2
-50
-50
-170
-173
3
43
44
45
46
141
-159
-31
-128
-6
-465
-198
-105
-93
67
-2,892
-622
-473
-148
-151
-2, 111
175
230
-55
-175
-3, 410
-458
-340
-118
-166
118
-81
77
-159
-3
-374
-267
-113
-154
7
23
-54
161
-215
5
96
-279
-128
-151
12
-248
-210
-16
-194
-26
-200
-991
-813
-178
33
-2,268
-1,589
-1, 366
-223
23
-2,290
-1,121
-875
-247
88
656
423
760
-337
33
66
136
392
-256
-58
-128
-233
-136
-97
103
95
77
180
-103
19
-14
-94
3
-97
83
370
304
339
-35
45
542
203
388
-185
333
47
48
49
50
51
}
i* 183
14-H5
"-131
"34
144
"-31
"-43
"6
n.a.
"200
"-97
"-156
"-70
n.a.
1
15 124
is-220
"199
is-83
"357
15-12
13558
15-605
15-1,101
-2,636
-4,548
130
204
152
482
-1,561
2,586
n.a.
t5
- 1,989 is-2,145 is-2,787
767
-5,658
-591
15115
-337
2,658
15271
4,750
f
I
52
53
j
157 [
54
55
n.a.
"I
15-12
3,368 -1,053
15-1
113
15-3
1521
1,170
-276
603
56
f.
|
00
(17)
-23
(17)
-174
-224
51
(17)
(17)
O7)
(17)
405
289
115
9
10
"— 2
n.a.
"485 17-6,012
209
%
"-28
"80
142
(17)
(17)
46
(17)
59
36
(17)
45
(17)
-77
138
[ "~2,549 7-5,267
57
(17)
-10
-5
-5
(>7) 2
129
3
126
(17)
(17)
(17)
29
117
99
331
219
112
(17)
|
(17)
118
7
111
(17)
(17)
9
7
2
14
14
(17)
47
45
2
(17)
2
9
1444
"12
"40
"-15
17-775
1788
17134
17-459
"82
(17)
(17)
-190
-102
(17)
O7)
-2
-5
3
7
O)
(17)
43
36
25
11
O7)
14
n.a.
"-259
-61
-58
-3
(17)
(17)
103
141
131
10
(17)
(17)
1
|
-87
|
1-1,053
(i7)
16
15
1
3
8
-5
(17)
(17)
113
(17)
-215
1,170
(17)
20
72
98
"420
"-155
14-141
n.a.
17435 tf-1,094.
172,217
17 2, 548
17 5, 755
173,354
17-838
3,186
7,619
1,139
1,665
412
-482
-9, 895 -11,354
-6,800 -8, 470
-7,164 -8, 793
-7, 824 -9,814
-222
-228
-228
-2%
-352
-330
-337
-436
-253
-482
-482
-604
7,633
4,080
9,744
5,917
-708
-317
-148 -1,100
-581
6,658
5,753
7,348
-2,049
-2,100
-2, 108
-2,108
-2, 461
-2,605
-2, 620
-2,620
-2, 057
-1,930
-1,953
-1,953
-2,061
-1,966
-1,987
-1,987
-2,254
-1,758
-1,763
-1,763
-52
456
445
445
-129
495
484
484
-157
465
455
455
-195
362
352
352
^-5,735
-3, 150
-3,417
-4,099
-6, 701
-4,304
-4,536
-5, 243
-9,200
-6, 248
-6, 501
-7,129
-952
O7)
(17)
4,784
279
848
838
838
(17)
57
58
59
60
61
62
63
64
65
66
67
68
69
67
-276
(17)
61
603
(17)
166
(
(
70
71
"437 I(
72
73
536
1,152
45
74
75
-358
-497
-497
-542
-849
-849
-849
-986
76
77
78
79
n.a.
17120 17 1, 103 17-337
SURVEY OF CURRENT BUSINESS
64
June 1980
Table 10a.—-International Transactions, by
[Millions
Belgium-Luxembourg
(Credits +; debits -) 1
Line
1977
1 Exports of goods and services 2
Merchandise adjusted excluding military
_. ..
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
2
3
4
5
6
7
8
9
10
11
12
13
14
15
_
-
- --
U S Government miscellaneous services
Receipts of income on U.S. assets abroad:
Direct investment
Interest dividends and earnings of unincorporated affiliates
Other private receipts
U S Government receipts
-
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
Passenger fares
--
- -
16
27
28
29
30
31
-
_
- -
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:
Interest dividends and earnings of unincorporated affiliates
Reinvested earnings of incorporated affiliates
Other private payments
--
32
33
34
35
36
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
37
U S assets abroad net (increase/capital outflow ( — ))
38
39
40
41
42
U S private assets net
- Direct investment
-j?j quity and intercompany accounts
Reinvested earnings of incorporated affiliates
Foreign securities
U.S. claims on unaffiliated foreigners reported by U.S. nonbankirig concerns:
Long-term
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
7,157
5,162
230
48
19
87
164
13
34
2
4,983
3,536
341
184
157
70
5
437
149
288
142
5
1,113
223
890
281
4
365
307
58
241
13
n.a.
n.a.
-2,715
-42
-54
-4
-7
-16
-17
-1, 762
-93
-37
-36
-71
-8
-8
-21
-20
-1, 739
-70
-50
-56
-85
-7
-8
-23
-24
-114
(D)
(D)
-175
-66
-174
-6
-168
-229
-65
-267
-7
-260
-315
-71
n.a.
n.a.
-8
-4
-1,154
-4,262
-3,046
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 8
U S liabilities reported by 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
•
-221
-115
-106
-524
-623
n.a.
-9
n.a.
-47
n.a.
-45
n.a.
-53
-5
-3
-5
-4
-17
-30
-18
-27
-27
-26
-716
-1,159
-25
-233
-190
-114
-7
-14
-57
-33
-689
-178
110
-288
51
5
45 }
•
(")
211
(D
)
D
( )
(")
-19
-6
-60
(*)
2
(*)
47
-21
68
(*)
-1,175
-1,121
-886
-130
-72
-58
-172
-231
-890
-17
-3S (I
1
(
(
82
688
148
2
16
-1
8
9
-612
(")
-2,859
-837
-15
-75
(")
(")
-41
1979 P
11,852
7,204
348
263
93
310
334
92
78
17
14,061
8,677
235
333
117
412
411
119
94
26
295
440
159
479
449
116
107
17
2,730
1,616
1,576
40
86
7
2,923
1,236
1,494
160
11
1,417
1,506
304
95
n.a.
n.a.
-12,086
-16,263
-18,904
-7, 249
-1, 925
-203
-224
-416
-26
-31
-136
-50
-9, 970
-2, 262
-220
-285
-493
-83
-27
-137
-66
-10, 953
-2, 634
-283
-298
-568
-111
-38
-209
-69
-126
-76
-50
-240
-1,460
-194
-98
-96
-307
-2,219
-256
-94
-162
-525
-2, 960
n.a.
416
n.a.
521
n.a.
531
-104
520
-103
630
-134
665
-458
n.a.
-5,009
834
4
-2,767
1,890
1,890
-777
(*)
4
-2,767
69
19
5
1
69
68
1
18
1
18
-13
14
-13
-2, 924
-631
-176
-455
-119
-527
-823
-233
-590
-16
-800
-572
-532
-49
-7
-2,247
-1,607
-1,057
(*)
65
A
(*)
-6
-175 J
-323 } -1,993
-171
709
1978
9,094
5,850
n.a.
-163
-84
-79
-318
-314
-1,148
39
1,015
425
590
705
10
-136
-47
-89
-244
-163
7
-34
(»)
818
363
455
409
12
-4, 786
-54
-355
-205
-152
-20
-22
-79
-73
8
-14
444
5,719
5
180
124
238
301
58
107
11
-52
-287
-188
-133
-20
-16
-68
-48
-27
-13 }
-131
8,473
3
140
89
193
303
47
103
19
-7,114
-3
-50
U.S. claims reported by U.S. banks, not included elsewhere:
Long-term
- Short-term.
6,394
4,258
1977
-5,675
-4,068
-6
-790
-633
-157
-161
Germany
1979 P
n.a.
n.a.
-2,524
Q
9
121
70
181
257
48
95
47
(*)
47
48
49
50
51
54
55
30
34
12
73
149
11
32
3
3,682
Gold
Special drawing rights
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
1978
4,610
(*)
43
44
45
46
52
53
1977
3,882
3,167
15
29
8
63
130
14
38
2
-2,031
-1,449
-53
-34
-
1979 P
1978
n.a.
-
France
-110 If
422 1f
-763
743
-113
-1,506
-1,494
282
-2
-71
(*)
-359
-4
-144 }
-5
}
-76
-563
-213
4,169
1,828
4,621
17, 475
1,033
(")
(»)
(»)
(»)
(»)
5
1
4
-127
-327
(")
(")
(»)
(")
(")
(")
C )
(n)
176
8
168
(»)
-13
355
95
260
(n)
-44
230
141
89
(»)
28
180
101
79
(»)
106
223
117
106
(")
235
410
360
50
(")
292
1,106
1,010
96
(")
361
1,408
1,246
162
(»)
-41
-12 }
118
r
64 I
-14
37
57
91 }
-153
132 /\ 107
11
-2
108 }
95
U.S. liabilities reported by U.S. banks, not included elsewhere:
>
Short-term
74
75
Allocations of special drawing rights
Statistical discrepancy, and transfers of funds between foreign areas, net (sum of
76
77
78
79
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 footnote on page 55.
-
11 279
11271
n -252
"423
H3,735
"1,237
114,092
11 15, 898
11 -102
-1,132
-2,050
-3,356
-546
-1,984
-2,676
-1,268
-8,576
2,445
1,718
1,851
1,842
1,842
2,086
2,078
2,078
1,920
3,423
4,442
4,433
4,433
190
719
674
674
933
1,359
1,306
1,306
-1,399
-2,992
-2, 766
-2,276
-2, 576
-2, 576
-3, 890
-3, 890
490
721
674
674
-4,411
-4, 843
-4, 312
-4,312
SUEVEY OF CURKENT BUSINESS
June 1980
65
Selected Countries (published annually)
of dollars]
1977
1978
3,893
2,790
54
61
41
192
181
50
55
11
4,828
3,371
20
70
53
204
210
59
54
12
338
199
139
108
12
593
220
373
168
14
Venezuela
Australia
South Africa
Line
1977
1977
1978
6,485
4,455
39
84
64
236
244
65
61
7
5,728
4,172
45
57
7
183
158
22
60
4
6,875
4,843
40
84
8
216
338
24
64
4
7,438
9,118
6,124
4,834
155
4
97 } 1,316
11
255
81
285
75
29
18
74
234
5
4
917
289
628
300
13
949
482
467
59
12
1,160
498
662
82
12
1,932
702
1,230
140
11
323
152
171
508
41
n.a.
1979 P
1979 ?
1978
1979 v
1977
1978
9,921
6,689
1
1,459
113
84
23
247
4
14,405
9,931
2
1,869
157
105
29
302
3
4,085
3,162
44
4,848
3,728
4
5,407
3,970
6
266
366
486
601
160
441
657
43
871
233
638
1,087
49
1979 P
18
17
18
56
94
101
319
158
161
212
8
285
139
146
346
8
233
148
85
584
9
1977
1978
1979 P
1977
1978
1979 P
3,667
2,315
44
109
93
81
146
22
5,656
3,483
129
160
134
129
179
25
72
2
1,545
1,059
1,632
1,084
(*)
22
3
58
56
17
43
(*)
2,133
1,417
*i
4,657
2,712
202
122
108
104
172
25
75
2
628
497
131
150
16
923
551
372
201
11
1,088
642
446
245
10
222
133
89
127
360
130
230
134
11
12
13
14
15
n.a.
n.a.
n.a.
n.a.
n.a.
16
-1,539 -2,040 -2,633 -1,343 -2,353 -2,743
-1, 185 -1,657 -2, 163 -1,261 -2, 259 -2, 617
-15
-17
-1
-1
-18
(*)
-95
-73
-56
-30
-20
-27
-49
-56
-48
-15
-21
-10
-140
-96
-88
-24
-33
-28
1
-5
-3
(*)
(*)
(*)
-1
(*)
(*)
(*)
(*)
(*)
-20
-23
-19
-10
-6
-19
-27
-25
—7
-7
-11
17
18
19
20
21
22
23
24
25
26
1
22
3
55
50
14
46
1
199
103
96
95
1
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-4,193
~3, 038
-240
-240
-138
-175
2
-3
-48
-19
-5,601
-4, 108
-340
-260
-125
-178
4
-6
-46
-21
-7,068
-4, 924
-488
-300
-140
-209
1
-6
-55
-25
-3,180
-1,478
-54
-49
-267
-121
-7,292
-5,335
-1,849
-4, 694
-61
-1
-71
-233 [ -1,918
-173
-92
-13
-1
-10
(*)
-26
-419
-10
-19
-9,029
-6, 094
-1
-2, 121
-101
-1
-1
-460
-21
-12, 246
-8,814
-2
-2,460
-123
-2
-1
-488
-33
-4,373
-4, 118
-1
-3,951
-3,589
-1
-5, 666
-5, 204
-14
-7
-17
-8
-4,061
-1,590
-67
-65
-258
-141
-10
-9
-25
-8
-111
-137
-149
-20
(DD)
( )
-138
-136
-16
-12
-4
-242
-263
-28
-22
-6
-438
-456
-781
-329
-452
-250
-145
-1,392
-425
-967
-302
-194
-2, 240
-618
-1,622
-406
-243
2
3
-144
_2
-3
-2
-1
-224
-2
-4
-3
-1
-316
-3
2
-116
-29
1
-1
2
-209
-16
-5
-6
1
-279
-15
-19
-16
-3
-28
-61
-21
-21
(*)
-42
-36
-27
-33
6
-46
-35
-1
(*)
n.a.
-149
-1
-112
-36
n.a.
-170
-7
-117
-46
n.a.
-198
-12
-128
-58
n.a.
-13
n.a.
-10
n.a.
-12
n.a.
-198
n.a.
-11
n.a.
-13
n.a.
-19
n.a.
-20
n.a.
-24
n.a
n
-5
-5
-7
-72
-126
n.a.
-303
-17
-94
-192
n.a.
-11
-5
-8
n.a.
-236
-2
-81
-153
-2
-9
-1
-10
2
-11
-6
-13
-7
-13
-7
-17
-431
-911
-1,051
-686
-984
-1,649
-1,450
-4,741
-1,087
-1,626
-1,275
-631
-837
-342
n.a.
0
1
-229
-1
1
2
(<)
n.a.
n.a.
-1
-6
n.a.
-7
i
-6
-8
32
33
34
35
36
-245
-82
340
37
-6
-3
n
-6
-1
300
25
15
25
19
-13
-65
51
1
-85
-154
68
1
19
-16
34
1
2
-41
44
-1
-4
-26
22
(*)
52
-6
57
1
32
-8
44
-4
3.0
-10
40
(*)
2
10
-17
-75
-117
43
-1
-429
-85
54
-139
-11
-928
-562
-189
-373
17
-1,082
-675
-47
-628
(*)
-680
-533
-66
-467
-182
-1,009
-686
-24
-662
125
-1,663
-1,717
-487
-1,230
-123
-454
-244
-73
-171
-169
-1,437
-427
14
-441
-132
-4,656
-868
-230
-638
28
-1,106
-371
-210
-161
-211
-1,628
-194
-48
-146
36
-1,271
-89
-4
-85
6
-683
-189
-58
-131
-182
-869
-648
-276
-372
-158
-372
-554
-108
-446
24
-247
-130
-34
-96
-5
75
1
11
-56
-38
(*)
12
-54
196
-47
-77 | 98
-164
103
-12
{
I
22
-355 |
3,592
(")
-174 {I
839
-35
(»)
-24
( ll )
(DD)
-323
14
( )
(»)
-46
-6
-8
-9
-32 |
1,684
(")
-403
2,032
(n)
(")
-23
X
82
15 f
17
19
162 If
-524 }
447
}
144
I
2,735
(»)
(»)
(U)
-37
-41
4
n
( )
20
-32
-38
6
(»)
94
920
468
452
(»)
35
1,946
979
967
(u)
-2
2,321
699
1,622
(")
31
r
-103 I
-11
85
-41 [
-22
(»)
132
(")
-18 \
27
26
(»)
(")
-35
-123 }
-720
591
(»)
-2
(")
r
409 I
8
12
13
-3,623 1I
2
1
1
(")
20
-8 }
27
52 [
5
43
-81
-210
-276 | -1,527
-119
886
C11)
(»)
(")
(n)
-1
1
(n)
(")
12
r
156 I
17
-682
C11)
2
1
-10 }
6
-6
-9
-303 }
1,262
(H)
14
16
-33 !
I
-1,155
956
-8
-3
(»)
-10
-7
-3
(H)
-193 \
I
(")
-5
(u)
(»)
81
2
84
1
4
1
4
43
44
45
46
336
-83
-160
-66
164
-71
-230
-89
-3
-16
i
-4 [ -26
10
47
48
49
50
51
52
53
54
55
431
63
(n)
(")
(")
(»)
56
f
1
1
[
150
(
57
58
59
60
61
62
63
64
65
66
67
68
69
C11)
(»)
(")
(»)
(»)
(n)
(")
-4
2
-2
(")
30
-6
-5
-1
(»)
-16
-31
-34
3
(»)
8
57
57
(*)
(")
6
41
47
-6
(")
8
-9
-10
1
(»)
-4
-5
1
(»)
2
-3
-34
-1
25
34 I
70
71
n 32
n _6
H19 /I
72
73
62
800
i
-4
3
102
}
21 r
I
3,653
H855
H29
H573
H7
11 -158
115
H553
H718
11 -139
H823
n 1, 268
-2,712
1,015
1,867
-3,533
-3,852
-4,857
255
203
1,999
1,505
-216
285
-248
-300
-448
-449
-737
-773
-936
-943
-469
-583
-769
-781
2,694
2,548
2,535
2,535
3,253
2,814
2,804
2,804
4,275
3,783
3,771
3,771
140
146
-52
-52
595
892
658
656
1,117
2,159
1,873
1,856
-956
-288
-299
-299
139
P97
886
886
-1,234
-259
-272
-272
-1
38
39
40
41
42
-7
-233 fI
Q
300
31
-1
30
2
-1
-59 |
30
4
72
59
19
37
1
27
28
29
30
31
17
-1
17
1
6
-6
1
2
3
4
5
6
7
8
9
10
-3
1
-4
-13
-5
1
-1
2
-22
22
-2
i
1
f
(
Mexico
Netherlands
Italy
\
17
47
n -759 u -308 i -143
-796
1,130
2,128
2,109
2,109
-1,596 -2,760
1,055
2,617
2,597
2,597
1,320
3,023
2,999
2,999
I
1
7
3
4
(")
3
216
-202 -1,175 -1,200
— 721
-610
202
195
-728
-619
-619
195
-728
74
75
76
77
78
79
SUEVEY OF CURRENT BUSINESS
66
CHART 15
Changes in Selected Foreign Assets in
the United States
Billion :
20
U.S. BANK-REPORTED LIABILITIES
TO OTHER FOREIGNERS, NET1
15
v
Total
10
"
U.S. Treasury Securities
-5
I
I
I
I
I
I
U.S. SECURITIES OTHER THAN
U.S. TREASURY SECURITIES, NET1
-1
J
I
I
I
I
\
1979
1978
I
I
1980
1. Assets held by private foreigners and international institutions; excludes
assets held by foreign official institutions.
U.S. Department of Commerce, Bureau of Economic Analysis.
so-6-ii
(Continued from page 31)
previous quarter. The decline was
almost entirely in equity and intercompany accounts.
Technical Notes
As is customary each June, estimates
of U.S. international transactions are
revised to incorporate new information.
Revised annual estimates for 1960-79
and quarterly estimates for 1970-79
are presented in tables 1 and 2. Revised
annual estimates for 1970-79 and
quarterly estimates for 1978 and 1979
are presented in table 3. Revised annual
estimates for 1977-79 and quarterly
estimates for 1978 and 1979 are presented in tables 4-10. Table lOa
presents revised annual estimates for
1977-79.
June 1980
Seasonal adjustments for current estimated, the X-ll procedure is used
account items and for changes in U.S. alone to test for seasonality.
As a result of the review of seasonal
Government assets were recalculated
by extending through 1979 the period adjustment techniques, it was possible
used to derive seasonal adjustment to estimate satisfactory seasonal factors
factors. The new factors were applied for petroleum and products imports,
to quarterly data for 1978 and 1979, and their seasonal adjustment has been
with two exceptions. Beginning with reinstated in sections C and D of table 3,
the first quarter of 1979 for other as well as in table 2.
private income receipts (table 2, line
Compilation oj seasonally adjusted
14) and the first quarter of 1980 for data.—The seasonally adjusted totals
U.S. Government income payments presented in table 3 are derived by
(table 2, line 31), seasonal adjustments summation of Census basis 4-digit
were suspended because these items no end-use commodity categories, seasonlonger showed statistically significant ally adjusted quarterly. There are 124
seasonal patterns. In addition, a new end-use categories for exports, and 116
technique of seasonal adjustment for for imports. These new totals are shown
merchandise exports and imports (table in section D of table 3 (line 1 for exports
2, lines 2 and 18) was introduced: this and line 49 for imports). Prior to adoptechnique is explained below.
tion of this method, the seasonally
The territorial change of the Panama adjusted totals were the summation of
Canal Zone necessitated several changes Census basis major Standard Industrial
in the international transactions ac- Trade Classification (SITC) categories,
counts. These changes are also described seasonally adjusted monthly. The quarterly end-use series often exhibit more
below.
stable seasonal relationships than the
Merchandise trade
monthly SITC-based series, and their
classification by end-use is more useful
A number of changes have been made
in analyzing developments in the interthat affect the compilation and presennational transactions and national intation of U.S. merchandise exports and
come and product accounts because
imports.
commodities are classified by their
Seasonal adjustment technique.—Sea- principal users rather than their
sonal factors used in compiling U.S. physical nature.
export and import data have been
The seasonal adjustment discrepancy
estimated by use of the X-11-ARIMA
line, which presents the difference
program developed by Statistics Canbetween the sum of the end-use cateada. This program is similar to the
gories and the SITC-based categories,
Census X-ll program used previously
is now shown as a balance of payments
except that unadjusted series are exadjustment to the published Census
tended one year forward and backward
totals in section A, line 9 for exports,
using an Autoregressive Integrated
Moving Average (ARIMA) model and line 17 for imports.
As in the past, end-use data on a
The extended time series, when run
balance
of payments basis, which are
through the X-ll program, often
shown
in
section C, present the seasonprovide better estimates of the seasonal
ally
adjusted
commodity categories of
factors near the ends of the original
section
D
plus
the balance of paytime series because more accurate
ments
adjustments
distributed by
weights can be used in the X-ll procedure. A number of studies have commodity.
The seasonally adjusted area totals
shown that the use of ARIMA models
to extend time series prior to use of of section B are derived by summation
the X-ll procedure reduces subsequent of Census basis agricultural and nonrevisions of seasonal factors. The X- agricultural components for exports,
11-ARIMA program also provides sev- and petroleum and nonpetroleum comeral new tests to determine the quality ponents for imports. The total by areas
of seasonal factors. If a statistically is adjusted to equal the commodity
significant ARIMA model cannot be total shown in section D by prorating
June 1980
any difference to the seasonally adjusted
area totals. Balance of payments adjustments are then added to obtain the
balance of payments basis totals for
each area.
Presentation of data.—Presentation of
data in table 3 has been revised to
provide more information. Section D
exports now identify agricultural and
nonagricultural products within foods,
feeds, and beverages (lines 6 and 10)
and within industrial supplies and
materials (lines 12 and 16), and identify
coal (line 17). Exports and imports of
nonmonetary gold are shown separately
in section C (lines 13 and 29, respectively) . West Germany and Mexico are
shown separately in section B (lines 6
and 11 for exports, lines 23 and 28 for
imports, and lines 40 and 45 for
balances).
Panama Canal Zone
From 1940 through the third quarter
of 1979, the former Panama Canal Zone
was considered part of the United States
for purposes of international transac-
SURVEY OF CURRENT BUSINESS
tions accounting. With the entry into
force of the Panama Canal Treaty of
1977 on October 1, 1979, the area of
the former Zone was incorporated into
the Republic of Panama. This territorial change necessitates several
changes in the international transactions
accounts beginning with the fourth
quarter of 1979.
The Canal is considered a Government-owned foreign enterprise and the
treatment of its operations in the international transactions accounts is consistent with that of other U.S.
Government-owned enterprises whose
operations are conducted on a commercial basis. Changes in the Government's foreign investment (book value)
are measured by (1) revenues obtained
by the Panama Canal Commission
abroad and deposited with the U.S.
Treasury, which are recorded as
receipts on other long-term Government assets as part of line 45, table 1,
and (2) expenditures abroad from funds
in the Treasury, which are recorded as
payments or disbursements on other
67
long-term Government assets as part
of line 44.
In the service accounts, tolls paid
by U.S. vessels are now included in
transportation costs (line 22), and tolls
collected from foreign vessels are no
longer recorded as U.S. Government
miscellaneous service receipts (line 10).
Direct defense expenditures (line 19)
now incorporate an estimate for net
troop expenditures and Defense Department costs in the Zone area, and the
estimates (in lines 10 and 26) for sales
and purchases by the former Panama
Canal Company and Canal Zone Government are no longer included.
Private direct investment statistics
compiled by the Bureau of Economic
Analysis and private asset and liability
statistics compiled by the Treasury
Department also reflect the territorial
change. Census foreign trade statistics
no longer distinguish trade with the
Zone from trade with the Republic of
Panama. The latter now include shipments to the Panama Canal Commission and its contractors.
SURVEY OF CURRENT BUSINESS
68
June 1980
Subject Guide
January-June Issues of Volume 60 (1980)
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
Earnings
Prices
Reconciliation of Quarterly Changes in Measures of Prices Paid by
Consumers 2-1; 5-3.
Reconciliation of BEA Compensation and BLS Earnings. 2-1; 5-3.
Taxes
GNP by industry
Gross Product by Industry, 1979. Donald P. Eldridge. 5-14.
Federal Personal Income Taxes: Liabilities and Payments, 1975-78.
Thae S. Park. 3-30.
Government transactions
Federal Budget Revisions for Fiscal Years 1980 and 1981. Charles A.
Waite, Joseph C. Wakefield. 4-22.
Federal Fiscal Programs. Charles A. Waite, Joseph C. Wakefield.
2-12.
Government-Owned Fixed Capital in the United States, 1925-79.
John C. Musgrave. 3-33.
State and Local Government Fiscal Position in 1979. David J.
Levin. 1-23.
Inventories and sales
Manufacturing and Trade Inventories and Sales in Constant Dollars.
1979:I-1979:IV, 2-34; 1979:11-1980:1, 5-35.
National income and product accounts (NIPA's)
Revisions. Fourth Quarter of 1979, 2-1 and 3-7; First Quarter of
1980, 5-2 and 6-9.
Summary National Income and Product Series, Annually and
Quarterly: 1947-79. 1-36.
Net exports
Reconciliation of Net Exports and Balance on Goods and Services.
3-6; 6-8.
Plant and equipment expenditures
INTERNATIONAL
Balance of payments
u>s International Transactions. Fourth Quarter and Year 1979,
Christopher L. Bach, 3-44; First Quarter 1980, Anthony J. DiLullo,
6-28.
Balance on goods and services
Reconciliation of Net Exports and Balance on Goods and Services.
3-6; 6-8.
Royalties and fees
U.S. International Transactions in Royalties and Fees, 1967-78.
Meryl L. Kroner. 1-29.
Travel
International Travel and Passenger Fares, 1970-79. Joan E. Bolyard.
5-28.
U.S. investment abroad
Capital Expenditures by Majority-Owned Foreign Affiliates of U.S.
Companies, 1980. William K. Chung. 3-23.
REGIONAL
Plant and Equipment Expenditures. John T. Woodward. Year 1980, Personal income
1-21; First and Second Quarters and Second Half of 1980, 3-17;
County and Metropolitan Area Personal Income. Regional EcoFour Quarters of 1980, 6-23.
nomic Measurement Division. 4-27.
Sensitivity of Regional and State Nonfarm Wages and Salaries to
Pollution abatement and control
National Business Cycles, 1948-79. Robert B. Bretzfelder, Howard
Capital Expenditures by Business for Pollution Abatement, 1978,
L. Friedenberg. 5-15.
1979, and Planned 1980. Betsy D. O'Connor, Gary L. Rutledge.
State Personal Income. 4-25.
6-19.
State Personal Income, Third Quarter 1979. Robert B. Bretzfelder,
Howard L. Friedenberg. 1-27.
Pollution Abatement and Control Expenditures, 1972-78. Gary L.
Rutledge, Susan L. Trevathan. 2-27.
Total Personal Income, States and Regions. 1-28.
U.S. GOVERNMENT PRINTING OFFICE : 1980 0 - 321-149
CURRENT BUSINESS STATISTICS
THE STATISTICS here update series published in the 1977 edition of BUSI.NKSS STATISTICS, biennial statistical supplement to the SURVEY OF CURRENT
BUSINESS. That volume (available from the Superintendent of Documents for $6.25) provides a description of each series, references to sources of earlier figures,
and historical data as follows: For all series, monthly or quarterly, 1973 through 1976 (1966-76 for major quarterly series), annually, 1947-76; for selected
series, monthly or quarterly, 1947-76 (where available).
The sources of the data are given in the 1977 edition of BUSINESS STATISTICS; they appear in the main descriptive note for each series, and are also listed
alphabetically on pages 181-182. 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.
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1977
1978
1977
1979
Annual total
1979
1978
III
IV
I
II
III
I
IV
1980
II
III
IV
I
II
III
GENERAL BUSINESS INDICATORS—Quarterly Series
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries j|
.
Nondurable goods industries H
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other
Seas. adj. quarterly totals at annual rates:
All industries
Manufacturing
Durable goods industries H
Nondurable goods industries U
Nonmanufacturing
Mining
Railroad
Air transportation
Other transportation
Public utilities
Electric
Gas and other
Communication
Commercial and other
bil. $..
do....
do.
do....
135.80
60.16
2777
32.39
153.82
67.62
31 66
35.96
177.09
78.92
3823
40.69
34.82
15.60
7 17
8.43
38.06
17.19
800
9.18
32.35
13.67
636
7.31
37.89
16.76
779
8.97
38.67
16.89
797
8.92
44.91
20.30
953
10.77
37.41
15.88
753
8.35
43.69
19.08
9 17
9.92
44.68
20.11
985
10.26
51.30
23.84
11 68
12.17
r
do....
do
do....
do....
do....
75.64
450
2.80
1.62
2.51
86.19
478
3.32
230
2.43
98.17
556
3.93
3.24
2.95
19.21
1 17
0.78
039
0.50
20.87
1 15
0.76
046
0.63
18.68
1 07
0.71
052
0.51
21.13
1 22
0.83
060
0.60
21.78
1 24
0.84
054
0.62
24.61
1 26
0.94
0.64
0.71
21.53
1 31
0.85
0.65
0.57
24.61
136
0.97
0.96
0.73
24.57
138
1.01
0.73
0.78
27.46
1 52
1.10
0.90
0.87
r
do
do....
do
do....
do....
2580
21.59
421
15.45
22.97
2948
24.79
470
18.16
2571
3256
27.50
507
20.56
29.35
661
5.41
1 20
4.03
573
728
6.06
1 21
4.26
6.33
6 15
5.27
088
3.97
576
7 14
6.01
1 13
4.56
6 18
743
6.11
1 32
4.68
643
878
7.40
1 37
4.96
7.34
7 16
6.30
086
4.36
6.64
836
7.10
1 26
5.10
7.12
829
6.88
1 40
5.10
7.28
876
7.21
1 55
6.00
8.31
do
do....
do
do..
14038
63.02
2923
3379
138 11
61.41
28 19
3322
144 25
61.57
2872
3286
15076
67.20
31 40
3580
155 41
67.75
32 25
3550
16396
73.24
3399
3926
16594
71.56
3400
3756
17348
76.42
3686
3956
17933
80.22
3972
4050
18695
85.19
41 30
4388
191
36
r
87.32
r
4230
r
4501
do..
do
do....
do....
do
7736
4 74
3.20
1 69
196
7670
4 50
2.80
1 76
232
8268
4 45
3.35
267
244
8356
4 81
3.09
208
223
8766
4 99
3.38
220
247
9071
4 98
3.49
239
255
9438
5 46
4.02
335
271
9706
531
3.66
3.26
279
99 12
542
4.03
3.10
3 16
101 76
606
4.20
3.39
3 15
104
04
r
602
r
4.40
r
2.98
r
294
104
18
r
672
r
3.80
r
4.33
r
303
do
do.. .
do
do....
do....
2622
2190
4 32
16.40
23.14
2623
2205
4 18
15.82
23.27
2792
23 15
478
17.07
24.76
2846
2383
4 62
18.18
24.71
2962
2492
4 70
18.90
26.09
31 73
2695
4 78
18.46
27.12
3235
2770
4 66
18.75
27.73
3324
2806
5 18
20.29
28.51
3333
2832
501
20.41
29.66
31 52
2602
550
22.71
30.72
r
3435
r
28.78
r
r
3287
r
27.43
r
r
61 131
r
r
65 667
r
42.82
19.00
r
923
r
9.77
rl
48.13
r
21.66
10.44
11.22
r
23.82
1
42
r
0.98
r
0.68
r
0.64
26.47
1
71
r
0.98
1.28
r
0.80
'48.75
22.85
1097
11.88
25.90
1 50
0.90
0.93
0.79
r
766
r
r
824
8 19
r
6.62
6.60
6.91
158
1 04
1 33
5.10
r
7.33 '"T2 13.46 =13.59
rl
!91 00 19554
r
90.97
86.82
r
42 18
4370
r
4728
4464
10456
588
3.58
4.23
3 17
3271
27.02
557
569
5 44
22.48
r
30.86 "^53.43 "'255.'66
U.S. INTERNATIONAL TRANSACTIONS
Quarterly Data Are Seasonally Adjusted
(Credits + ; debits — )
Exports of goods and services (excl. transfers under r
military grants)
mil. $ r!84 705 r221 036 r286 508
Merchandise adjusted excl military
do
!20816 142 054 182 055
Transfers under U.S. military agency sales
r
r
contracts
mil $
•7451
8240
7 194
Receipts of income on U.S. assets abroad
do.... rr32,587 rr42,972 rr65,970
Other services
...
do
23 852
27 772
31 289
r
Imports of goods and services
do
194 169 r 230240 r 281 630
Merchandise, adjusted, excl. military
do.... r-151,689 r-175,813 r-21
1,524
r
Direct defense expenditures
do
5823 r 7354 r 8 469
Payments of income on foreign assets in the
U.S
mil. $.. rr-14,598 r-22,073 r-33,460
Other services
do.... -22,059 r-25,001 r-28,178
Unilateral transfers (excl. military grants), net
mil. $.. rr-4 605 rr-5,055 rr-5 666
U.S. Government grants (excl. military)
do.... r-2,775 r-3,171 r-3,524
Other
do
-l 830
1 884
2 142
r
r
U.S. assets abroad, net
do.... r-35,793
-6 1,191
-61,748
r
r
r
U.S. official reserve assets, net
do....
-375
732
-l,107
U.S. Gov't assets, other than official reserve
assets, net
mil. $.. r-3,693 r_4)644 r-3 783
r
U S private assets net
do
-31 725 r 57 279 r 56858
Direct Investments abroad
do. r-12 898 r-16 345 r-24 319
Foreign assets in the U.S., net
Foreign official assets net
Other foreign assets, net
Direct investments in the U.S
do....
do
do....
do....
Allocation of special drawing rights
Statistical discrepancy
do....
do
r
50,741
r
r
64,096
r
33 293
r
30,804
r
36 575
14,167
r
3,728
r
r
7,897
r
-880
37,575
14271
r
51,845
r
9713
1 139
r
23 822
11 354
r
47
r
162
30 764
r
45 884
r
29 544
r
49
r
319
30 922
r
54
r
156
35 404
r
56
r
432
36 828
38 900
41 805
r
67
r
763
42 815
r
74
r
773
47 198
r
78
r
305
50 237
P
85
P
325
54 708
r
2 000
1 927 1692 1 575 p l 700
1
897 1 891 rr 2 121 rr2 055 r2 013 r2 051
r
r
9,607 r9,957 10,557
12^851
14,263
15,250 18^050 18,407 "20,548
8,420
8,312
r
r
r
r
r
6 669
7 034
7 599 r7 771 r7 833 r8 086 P8 369
6 081 r6 137
6 740
7 329
r
016
-48 553 rr 50566 rr 54 288 rr 56 951 rr 58 365 r 60 638 rr 62 935 rr 67 873 rr 72 267 rr 78 555 p_86
r
-37,952
-39,197 -42,063 -43,699 -44,336 ••-45,715 -46,919 -50,885 -54,258 -59,462 pp-65,583
r
2400
1 483 r 1 511 r I ggO r 1 752 r 1 874 r 2 048 r 2 029 r 2029 r 2 135 r 2275
r
-3,686
r
-5 432
r
-4,201
r
-5 657
r
-lr 235 r-lr 002
-774
-564
r
r
461
438
r
-6,690 r-15,168
r
112
-43
r
-l 001
r
5801
r
-3 155
r
r
r
-746
14379
3525
14,181
19,935
r
125
8211 15
r
r
5,970
4,811
r
1023
760
r
4865
r
915
r
-4,539
r
-6 006
r
-lr 204
-773
r
431
r
r
-5,474
r
-6 026
r
-lr 307
-831
r
-15,048
187
r
r
r
-l
r
4
r
-l 009
r
14226
r
-4 707
18,204
15
422
r
2,783
1,355
r
3015
r
-7,225
r
r
-7,980
r
r
-8,731
r
r
-9,524
r
r
-lr 233 r-lr 313
-772
-795
r
r 518
461
r
r
r
r
r
-9,977 r-30,418
115
182
r
-7,768
r
r
-5,717
r
-6 438
476
-5,749
r
248
257 r-l 386
740 rr 8 706
4051 -3 010
r
r
-6,343
r
-6 532
r
-991
r
29609
r
4578
•775 17,069 r28,048
5273 r 4 777 18 368
r
r
6,049 12,292
9,680
r
2313 r 2620
1608
r
9076
r
3 926
r
3 190
-6 762
-6,980
-lr 324 -l,383
r
-860
-899
r
r
484
464
-7,143
-l,407
r
-878
r
529
-7 294
-lr 552
-887
r
665
r
-25,215 r-13,487
'-15,279
r
r
343 r2,779
-644
-3 585
r
-l 102 r r-991
r
3 081 r 14631
r
r
-766
r
27 228
7214 r-7 156
5819
2,201 r6,407 r24,941
r 8 744 r 10 095 r5789
19,152
10,945 16,502
r
3217
1 120 r 2812
r
r
r
r
r
1 139
r
3 020 10 364
r
825
-925
11 918
4 129
4,025
r 1 221
r
5,246
r
2564
r
ll 264
p
-10,425
p
-7 608
p
-l,876
p
-l,312
p
564
p
-ll,817
p
-3,246
p
-l 461
p
7 110
p
-5 345
P
5,016
7765
12,781
p
l 123
p
P
p
l 152
P
8 215
Memoranda:
Balance
Balance
Balance
Balance
on
on
on
on
merchandise trade
goods and services
goods, services, and remittances
current account
See footnotes at end of tables.
r
do
30873
do.... r-9,464
do.... rr-l 1,293
do
-14 068
r
33 759
r
-9,204
r
-ll 088
r
14 259
r
29
469
r
4,878
r
2736
r
788
r
7 188
r
-l,391
r
-l
852
r
-2 626
r 11 141 r g 295
r
-4,969 rr-2,795
r
-5 400 r 3271
r
5684
6 173
4 102
r
9 653
r
-4,682
r
-5
120
r
r 7 508
r
-l,933
r
-2 394
r
3 166
r 6 815
r
493
r
25
r
820
r 5 114
r
2,732
r
2268
1408
r
8 070
r
-110
r
r
-594
1 493
r 7 060 r 9 225 p 10 875
r
p
r
2,506
-691
-250
1 977 r 915 p 1255
1099 r 1 802 p 2 567
S-l
S-2
SURVEY OF CURRENT BUSINESS
1978
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1979
1980
1979
Apr.
Annual
June 1980
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME BY SOURCE t
Seasonally adjusted, at annual rates: t
Total personal income
1 717.4
1,924.2
1 880.7 1,891.6
Wage and salary disbursements, total
Commodity-producing industries, total....
Manufacturing
... . ....
Distributive industries
do....
do....
do.
do....
1,103.3
387.4
298.3
269.4
1,227.6
435.2
330.9
300.8
1,205.9
428.6
327.4
293.3
1,210.8
432.1
328.3
295.3
1,220.5
434.5
329.7
298.8
1,229.8
437.5
332.0
300.8
Service industries
Govt. and govt. enterprises
Other labor income
Proprietors' income: $
Farm
Nonfarm
do....
do....
do....
228.7
217.8
106.5
257.9
233.7
122.7
251.9
232.1
118.9
251.9
231.6
120.3
254.7
232.6
121.8
do....
do
27.7
89 1
32.8
980
34.3
952
33.5
955
bil. $..
do....
do
do....
do....
do.
25.9
47.2
163.3
224.1
69.6
1 674.2
26.9
52.7
192.1
252.0
80.7
1,873.4
26.0
51.9
185.8
242.3
79.5
1,828.8
bil. $..
do....
do....
do
do....
do
do....
do
1,717.4
259.0
1,458.4
1 386.4
1,350.8
2003
530.6
6198
1,924.2
299.9
1,624.3
1 550.5
1,509.8
213.0
596.9
6999
do....
34.8
39.6
bil. $
Rental income of persons with capital
consumption adjustment
Dividends
Personal interest income
.
Transfer payments
Less: Personal contrib. for social insur
Total nonfarm income *.
2,046.5 r2,055.7 r2,070.0 r2,067.0
2,070.0
l,293.0
1,314.0 1,307.2
1,304.2
r
r
456.4
461.0 r462.6 r457.1
r
344.3 r347.6 rr349.7 rr345.7
320.2
317.8
322.2
319.4
1,306.1
453.7
342.0
319.4
1 905.1 1 933.2 1 946.5 1,960.1
1,981.2
2,005.5
2,028.3
1,236.5
436.6
330.3
304.3
1,247.9
440.8
333.5
307.1
1,257.4
443.8
336.0
308.7
1,271.3
446.5
337.5
314.0
1,282.9
453.1
341.5
314.5
258.1
233.5
123.3
260.9
234.8
124.9
264.8
235.2
126.4
265.9
239.1
128.0
270.4
240.3
129.6
274.4
240.9
131.2
276.1
242.7
132.8
279.4
243.6
134.4
r
284.6
244.6
136.0
r
285.1
r
285.9
247.2
138.8
33.4
958
32.8
979
31.0
995
28.8
100.9
31.0
101.1
33.0
102.1
33.4
103.0
31.3
103.9
r
27.9
102.3
24.0
100.8
r
20.9
r
19.4
96.9
27.1
52.5
187.5
243.9
79.7
1,840.3
27.2
52.6
189.4
244.7
80.2
1,853.7
27.3
52.5
191.8
258.5
80.8
1,882.3
27.3
52.7
194.4
261.2
81.0
1,897.3
25.0
53.0
197.1
262.7
81.7
1,913.1
26.8
53.6
200.7
264.8
82.2
1,931.8
27.0
54.2
205.4
265.9
83.0
1,953.9
27.2
55.2
210.3
268.8
83.6
1,976.1
1,880.7
285.9
1,594.8
1 508.4
1,468.9
211.3
578.1
6794
1,891.6
290.1
1,601.5
1,520.0
1,480.0
212.9
581.7
685.4
1,905.1
296.2
1,609.0
1,519.1
1,479.0
201.9
583.8
693.3
1,933.2
301.6
1,631.6
1 543.3
1,502.7
207.4
591.8
703.4
1,946.5
306.0
1,640.4
1,569.0
1,527.9
213.6
602.3
712.0
1,960.1
312.2
1,647.9
1,596.9
1,555.2
219.0
619.8
716.3
r
2,055.7
1,981.2 2,005.5 2,028.3 2,046.5
316.1
322.4
327.2 r r318.1 r320.1
l,728.4
1,735.6
1,665.1 1,683.1 1,701.1 r
1,602.5 1,623.5 1,644.2 l,669.1 rl,668.9
1,560.4 1,580.1 1,600.7 1,626.0 1,625.4
228.8 r219.8
214.3
215.8
218.4
648.0 r 648.9
618.0
631.5
642.8
756.7
732.8
739.5
749.1
728.2
38.5
39.1
39.4
39.8
40.2
40.8
r
245.6
137.5
98.7
27.2
26.6
27.1
27.2
27.4
55.8
57.5
56.6
58.5
58.1
228.8
214.1 r217.2 rr220.3 rr224.6
276.1
273.5
275.0
281.1
277.5
r
87.1
86.7
86.7
85.9
85.0
1,995.9 r2,008.3 r2,026.2 r2,026.1 2,030.4
r
DISPOSITION OF PERSONAL INCOME *
Seasonally adjusted, at annual rates:
Total personal income
Less: Personal tax and nontax payments
Equals:
Disposable personal income
Less1 Personal outlays
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Interest paid by consumers to
business
Personal transfer payments to
foreigners (net)
41.1
41.6
41.7
do....
0.8
1.1
1.0
0.9
0.8
0.8
0.9
1.0
1.0
1.8
1.8
Equals: personal saving
do....
Personal saving as percentage of disposable
personal income §
percent..
72.0
73.8
86.4
81.5
89.8
88.3
71.5
51.0
62.5
59.7
57.0
4.9
4.6
5.1
5.4
5.4
5.1
4.3
3.7
3.5
3.5
3.4
Disposable personal income in constant (1972)
dollars
. . . . .
bil $
Personal consumption expenditures in
constant (1972) dollars
.
....
do
Durable goods
do....
Nondurable goods
..
do
Services
do....
Implicit price deflator for personal consumption
expenditures
index 1972—100
42.0
r
r
2,070.0
r
321.9
1,748.0
1,680.8
1,637.1
r
212.0
r
659.1
r
766.0
42.4
42.6
1.1
1.1
l.l
42.1
1.1
1.1
81.9
85.1
r
4.1
4.5
972.5
994.8
995.7
993.2
990.2
996.6
994.2
989.6
992.9
996.9
998.7
l,005.6
r
998.1
r
991.8
984.5
900.8
146.7
343.3
410.8
924.5
147.1
349.1
428.3
917.1
146.7
344.8
425.6
917.8
147.4
344.8
425.6
910.2
140.4
342.7
427.1
917.9
143.5
344.7
429.6
926.0
147.1
348.5
430.4
933.9
150.0
354.3
429.6
930.5
146.7
350.6
433.2
935.9
146.4
356.5
432.9
939.7
146.9
358.2
434.7
946.0
152.2
356.8
437.0
r
934.7
145.1
352.5
r
437.0
r
928.8
138.8
r
353.0
r
437.0
913.8
128.6
350.6
434.6
1500
1633
1602
1613
1625
1637
1650
1665
1677
168.8
170.3
171.9
173.9
176.3
1773
146 1
1522
151 1
1525
1565
1487
1523
156.8
155.7
152.2
147.4
147.8
152.4
r
2,070.0
323.7
1,746.3
1,661.3
1,618.1
188.9
651.6
777.7
42.3
r
3.7
3.5
r
67.3
66.7
59.3
2,067.0
r
321.0
1,745.9
1,664.0
1,620.6
196.3
r
655.4
r
768.9
r
r
r
r
INDUSTRIAL PRODUCTION H
Federal Reserve Board Index of Quantity Output
Not Seasonally Adjusted
Total index
1967 — 100
By market groupings:
Products, total
Final products
Consumer goods
Durable consumer goods
Nondurable consumer goods
Equipment
Intermediate products
Materials
. ..
do....
do
do....
do
do
do
do....
do
144.8
1422
149.1
1592
145.1
132.8
154.1
1483
149.7
147.0
150.5
155.5
148.5
142.2
160.0
156.0
147.5
1443
148.3
1572
144.8
138.8
159.3
156.8
149.3
146.3
150.2
164.7
144.5
141.0
160.1
157.6
154.4
151.7
156.7
166.0
153.0
144.7
164.3
159.9
146.8
143.5
145.9
141.8
147.5
140.3
158.8
151.6
150.8
147.0
151.4
138.0
156.7
140.9
165.3
154.4
157.0
154.5
159.4
157.9
159.9
147.8
166.3
156.6
154.4
151.6
156.1
162.3
153.6
145.3
164.9
157.8
149.5
146.6
148.2
150.3
147.3
144.5
160.1
156.6
143.7
141.0
139.6
136.9
140.7
143.0
153.5
153.3
By industry groupings:
Mining and utilities
do
141 7
144.5
1395
137.5
141.5
1448
1490
146.1
142.9
144.6
do....
do
do....
146.8
1569
139.7
153.2
163.3
146.3
152.7
1619
146.3
154.6
162.5
149.1
158.6
167.9
152.2
149.2
159.6
142.1
152.8
168.8
141.7
158.2
171.9
148.9
157.5
170.1
148.8
153.3
165.1
145.2
do....
146.1
152.2
150.8
152.4
152.6
152.8
151.6
152.4
152.2
152.1
Manufacturing
Nondurable manufactures
Durable manufactures
152.5
P
e
148.7
!45.4
144.2
!42.3
142.4
137.1
144.6
142.1
151.2
153.4
149.2
147.4
148.0
147.9
148.1
146.5
155.7
157.3
149.0
147.0
147.7
148.7
147.4
146.1
156.3
157.9
P
145.5
"143.6
P
143.9
P
140.9
P
145.1
"143.3
P
152.2
P
153.6
142.9
141.3
e
!40.5
e
!32.5
143.7
e
!42.3
149.1
149.2
148.7
151.5
153.2
149.6
P
e
147.2
156.4
140.9
147.3
158.0
139.8
152.3
162.9
144.9
152.9
163.9
145.3
P
149.0
P
161.7
P
145.5
159.5
135.8
152.2
152.6
151.6
P
145.5
r
145.3
140.2
!43.3
Seasonally Adjusted
Total index
By market groupings:
Products, total
Final products
Consumer goods
Durable consumer goods
Automotive products
Autos and utility vehicles
Autos
Auto parts and allied goods
Home goods
Appliances, air cond., and TV
Carpeting and furniture
Nondurable consumer goods
Clothing
Consumer staples
Consumer foods and tobacco
Nonfood staples
Equipment
Business equipment
Industrial equipment #
Building and mining equip
Manufacturing equipment
Commercial, transit, farm eq. #
Commercial equipment
Transit equipment
Defense and space equipment
See footnotes at end of tables.
152.3
148.6
do....
do
do....
144.8
1422
149.1
149.7
1470
150.5
148.4
1454
149.1
150.3
147.8
152.0
150.2
1476
151.8
149.7
147 1
150.8
148.7
1456
148.2
149.9
147.2
149.7
149.6
1468
149.7
149.4
146.6
148.9
149.7
147.0
148.5
150.0
147.0
148.2
149.9
147.4
148.5
149.4
147.1
147.9
P
146.8
P
145.2
P
do....
do....
do....
do....
do....
159.2
179.9
172.5
148.6
198.5
155.5
167.7
154.3
136.7
201.6
151.6
163.0
147.4
128.6
202.7
160.5
182.7
176.3
153.1
199.0
158.6
175.9
167.4
148.0
197.5
157.2
170.3
155.6
141.8
207.8
147.5
147.3
125.1
118.5
203.7
151.8
157.6
139.7
128.0
203.0
152.6
159.2
142.4
129.0
202.1
149.2
150.6
131.0
118.3
200.3
146.6
141.8
121.4
110.2
193.6
142.4
131.3
108.7
98.0
188.5
144.5
142.1
124.6
116.8
186.7
144.1
141.0
122.0
114.9
189.1
P
137.0
P
126.4
P
102.3
P
97.1
P
130.3
119.7
e
93.0
e
88.4
187.6
do
do....
do....
1477
133.3
164.2
1487
127.5
170.6
1452
115.6
170.7
148.1
128.4
170.2
1488
129.3
170.6
1498
129.7
171.9
1477
121.2
171.7
148.5
129.6
169.7
148.8
128.0
169.2
148.4
129.7
169.1
149.3
134.2
168.8
148.6
128.9
171.2
145.8
122.4
168.6
145.8
122.1
169.5
P
143.0
P
115.4
P
e
!36.2
109.2
do....
do
do....
do....
do....
145.1
131.1
148.9
140.6
158.5
148.5
129.1
153.8
145.4
163.6
148.0
127.7
153.7
145.2
163.5
148.7
128.6
154.2
145.7
164.1
149.1
130.7
154.2
146.2
163.5
148.2
126.9
154.1
147.0
162.4
148.5
1280
154.2
145.3
164.6
148.9
129.0
154.3
146.5
163.5
148.6
127.7
154.3
146.7
163.2
148.7
129.1
154.2
145.9
163.8
149.2
129.1
154.8
146.8
164.2
150.5
128.3
156.7
148.4
166.4
150.1
126.8
156.5
148.3
166.1
149.5
125.0
156.2
148.2
165.5
P
148.5
147.7
P
155.4
P
148.1
P
155.0
do....
do
do...
do....
do....
132.8
1603
145.8
207.3
121.2
142.2
1713
152.1
206.1
130.3
140.4
1687
150.4
204.2
128.0
141.9
171.4
151.8
203.7
130.1
141.9
171 5
152.0
205.3
130.1
142.1
171 4
151.3
207.4
130.3
141.8
1715
151.7
210.6
131.1
143.9
173.6
153.5
212.0
130.4
142.9
172.0
151.2
200.6
130.8
143.6
172.5
153.3
204.4
132.5
145.0
174.1
153.1
204.4
132.1
145.4
175.0
157.4
222.9
132.6
146.0
175.8
158.8
230.2
132.8
146.0
175.8
159.1
r
236.1
132.3
P
145.1
P
1742
P
158.6
P
236.0
P
143.4
e
!72 1
157.7
'236.9
e
!30.8
do....
do....
do....
177.2
212.0
133.8
193.4
227.8
152.2
189.9
223.0
148.8
193.9
224.9
156.7
194.0
226.4
155.3
194.6
227.0
155.2
194.4
230.5
149.4
196.8
231.4
156.3
195.9
234.2
154.9
194.6
233.2
150.3
198.4
236.9
153.3
195.3
237.8
143.8
195.4
r
237.7
146.6
195.0
r
239.1
143.3
P
192.3
P
236.4
P
188.7
e
233.8
e
!38.5
do....
86.5
93.2
92.9
92.5
92.3
92.8
92.0
94.0
94.0
95.0
95.9
95.8
r
96.0
r
95.9
145.2
187.4
144.2
!43.0
142.7
e
168.3
163.8
131.5
143.4
P
96.1
e
162"8
e
95.1
S-3
SURVEY OF CURRENT BUSINESS
June 1980
1979
1978
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1980
1979
Apr.
Annual
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION t- Continued
Seasonally Adjusted — Continued
By market groupings—Continued
Intermediate products
Construction supplies
Business supplies
1967 — 100
do....
do
154 1
151.7
1565
1600
1569
163 1
1597
156.0
1632
1595
1564
1625
1595
1563
1626
1594
1564
1624
1606
157.3
1638
1598
156.3
1632
1598
156.8
1627
1598
156.7
1629
1599
156.0
1638
1608
156.4
1650
1593
154.3
1642
1579
153.0
1628
P
1528
P
146.0
P
e
!486
e
do
do
do
do
do
do....
do
1483
1490
1408
1665
1656
171.8
1253
1560
1578
137 1
189 9
1749
1829
1284
1545
155 7
1369
187 0
1730
1807
1284
1557
157 9
1425
188 0
1738
181.5
1277
1565
159 5
141 8
191 0
1734
181 7
1283
1576
160 7
1385
192 1
1746
1828
129 1
1560
157 7
1297
190 7
1758
1843
1277
1563
157 6
1322
192 0
1767
185.9
128 1
1563
1572
1320
192 7
1772
186 1
1285
1564
1560
1268
195 1
1783
186.7
130 1
1562
1556
1238
1966
1795
187.8
1287
1567
1563
1222
1998
1808
188.6
1277
1559
1549
1209
1993
1783
185.7
1305
155 1
1544
121 1
1999
1763
184.0
1306
P
1515
P
148 9
P
1117
P
196 6
P
1736
P
181.6
P
e
!476
e
!43 6
e
!040
e
!94 4
e
!706
e
!788
e
do
do
do
do
do
do
do
do
141 7
1240
121 0
1147
1246
969
1086
1312
144 5
1253
1268
1336
121 7
945
1093
1376
1438
1227
1289
130 1
118 6
953
1084
1353
143 4
1228
123 1
1334
118 6
939
108 9
1378
143 0
1239
123 2
1375
119 6
948
108 3
1373
143 7
1247
128 6
137 1
120 4
950
105 7
1364
144 9
1264
1265
144 1
121 6
933
108 2
1383
144 5
1258
122 1
1426
121 6
932
108 9
1375
146 0
128 1
124 1
1447
1242
946
110 7
1382
147 7
1300
1320
1419
126 0
952
1120
141 2
148 3
1316
1368
1450
127 2
946
110 9
1410
1474
1326
1376
1410
1285
943
113 9
1453
1486
1328
1366
1360
1303
r
957
112 4
1420
1499 P149 9
1328 P1335
133 1 P123 1
1372 "143 4
131
3 P132
9
r
P
962
977
149 3
'1332
1368
P
1348
do
do
1614
1822
166 1
185 8
1674
189 0
1665
186 4
1642
182 4
1648
182 2
1655
183 6
1653
184 1
166 1
1843
1674
185 7
1670
186 0
1639
183 0
166 1
1850
169 1
P
1682
do
do .
. do
1468
1569
1427
1532
1633
1479
1516
161 7
1470
1538
1628
149 2
1539
1630
149 5
154 1
164 1
149 4
1524
1643
148 1
153 5
1646
148 8
1532
1640
148 6
1530
1645
1483
1528
1647
1489
1534
166 1
1500
1527
165 1
1502
1518
1643
1504
P
148 3
P
1618
P
Tobacco products
Textile mill products
Apparel products
Paper and products
do
do....
do
do....
1183
137.5
1342
144.8
117 1
1438
lS07
150.8
1200
1412
1308
1487
1202
1415
1282
147.9
1183
1446
1320
1480
1189
1430
1297
1540
1075
144 1
130 1
1539
116 4
1469
1312
1553
1156
1460
1285
154 1
1130
1479
1288
1533
1166
147 1
1283
1547
1187
1478
1272
1560
1200
1437
1280
1505
1222
1429
1269
1516
Printing and publishing
Chemicals and products
Petroleum products
Rubber and plastics products
Leather and products
do
do
do
do....
do
1315
1974
1452
253.6
738
136 9
2104
1436
270.0
713
J35 7
2077
145 4
265.5
69 6
1368
2097
142 4
270.0
72 3
136 9
2078
143 9
270.0
70 1
135 6
2105
143 9
278.0
69 7
137 7
213 1
143 0
275.7
69 7
137 1
2120
143 1
272.9
70 8
137 2
2114
141 1
274.5
70 1
136 2
215 1
142 1
271.3
70 4
137 8
2165
1426
262.3
71 2
138 9
2177
146 7
266.9
73 2
1399
r
2160
144
4
r
267.9
r
71 9
138
8
r
2147
141
2
r
264.2
r
71 7
do
do
do
1397
737
1363
1463
755
1369
144 6
75 1
1372
147 6
75,3
136 1
147 6
75 1
136 8
147 2
746
135 2
144 2
749
138 0
145 9
753
138 6
145 7
753
138 7
145 0
770
136 1
144 5
770
131 7
144 7
766
1316
144
1
r
767
1302
1432
r
758
125 5
P
e
Furniture and fixtures
Clay, glass, and stone products
Primary metals
Iron and steel
Nonferrous metals . .. .
Fabricated metal products
Nonelectrical machinery
Electrical machinery
do
do ...
do
do....
do
do
do
do
1558
157.2
1199
113.2
1319
1416
1536
1594
161 4
1633
1212
113.2
1356
1485
1636
1750
1594
1612
1217
115.8
131 4
1488
1618
1706
1596
1638
1210
114.3
1326
1503
164 3
1747
1596
1627
1243
118.1
135 6
1493
164 5
175 1
1595
1633
127 1
119.0
146 2
1493
165 3
1744
161 7
161 4
1210
112.0
1378
1476
166 2
1717
1620
1606
121 7
115.0
132 3
1465
165 1
1767
163 3
1623
1180
108.2
134 8
1475
162 3
1773
1629
1628
1172
108.0
132 3
1469
1628
1795
161 0
164 4
1154
106.6
131 0
146 1
162 9
1812
161 0
165 1
116 4
107.2
1334
1450
1669
181 7
1592
1626
111 9
103.4
127 6
1453
166 1
1797
1585
1567
1136
106.0
128 5
144 2
165 9
1795
P
156 9
P
1509
P
107
5
P
97.5
P
124
7
P
P
1400
"1626
1777
e
!34 1
e
!60 7
e
Transportation equipment
Motor vehicles and parts
Instruments
do
do
do
1325
1699
167 1
1353
160 0
1749
1316
156 0
1763
1419
176 3
1747
1394
169 6
1759
1355
160 2
1740
1247
138 5
1739
1317
1506
1729
1337
1506
1750
1282
1399
1733
1259
135 4
1750
1224
1276
1758
1262
1354
1750
1243
1319
1742
P
1156
P
115 3
P
e
lll 6
e
!08 0
e
Materials
Durable goods materials 4£
Durable consumer parts
Equipment parts
Nondurable goods materials #
Textile, paper, and chemical
Energy materials
By industry groupings:
Mining and utilities
Mining
Metal mining
Coal
Oil and gas extraction #
Crude oil
Natural gas
Stone and earth minerals
Utilities
Electric
Manufacturing . .
.
Nondurable manufactures
Foods
Durable manufactures ...
Ordnance, pvt. and govt
Lumber and products
.
.
..
.
.
!39.8
1595
1307
!287
e
!40 4
e
!33 7
e
!673
145
0
e
!596
149 2
P
1400
P
1473
e
P
135 5
P
2123
P
138
2
P
260.5
P
e
!44 0
!33 3
e
!320
69 6
138
9
P
760
116 8
P
174 4
!350
e
758
e
996
!75 1
!716
BUSINESS SALES
Mfg. and trade sales (unadj.), total t
Mfg. and trade sales (seas, adj.), total $
mil. $.. 3,051,568 3,461,382
do
'3 051 568 *3 461 382
r
279,073 296,120 296,460 277,415 297,030 294,600 309,168 301,377 306,596 286,311 298,985 r312,588 300,683
276 406 r286 413 r283 772 r289 993 r293 167 r296 775 r298 619 r299 154 r302 386 312 562 r310 571 r305 657 295 629
r
Manufacturing, total t
Durable goods industries
Nondurable goods industries
do . 1 1496 573 4692001 134
398 141 783 139 050 142 094 142 708 143 614 145 547 144 326 146 289 152 088 152 899 150 081 144 111
do
798 057 887 777 r71 199 r75 515 r72 797 r73 875 r74 363 r74 201 r75 544 r73 751 r74 191 r77 948 r79 159 r75 925 72257
do
698 515 804 224 r63 199 r66 628 r66 253 r68 220 r68 345 r69 414 r70 003 r70 574 r72 098 r74 140 r73 730 r74 156 71 854
Retail trade total § . . . .
Durable goods stores
Nondurable goods stores
do
*800 890
do.... 281 491
do
519 399
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
do....
do
do
!886 047
308,156
577 891
71606
25 129
46477
72292
25319
46973
72093
24718
47375
73 121
25247
47874
74871
26 137
48734
76666
27048
49618
75583
25656
49927
76421
25679
50742
77 150
25943
51207
79464
27268
52196
77993
26,369
51624
r
76 534
r
24 296
r
74774
22701
52073
754, 105 '883,334
349 916 404 288
404 189 479 046
70,402
32713
37 egg
72,338
33 177
39 161
72,629
33 078
39 551
74,778
34 103
40675
75,588
34509
41 079
76,495
34079
42 416
77,489
35267
42 222
78,407
35 171
43 236
78,947
35407
43 540
81,178
36848
44 330
79,689
36838
42851
r
79,042
r
35 903
r
43 139
76,744
33 382
43 362
158 4
75.2
459
373
162 9
788
460
38 1
1599
767
455
377
161 0
769
456
386
162 1
76.7
469
385
1620
762
477
38 1
1615
766
466
384
1600
74.9
468
384
1606
75.7
469
38 1
1632
77.3
473
r
386
1623
76.7
465
r
39 1
1569
r
75.3
r
45.3
r
362
1530
71 1
439
380
1
Mfg. and trade sales in constant (1972) dollars
(seas adj ) total *
.
bil $
Manufacturing *
do....
Retail trade *
do
Merchant wholesalers *
. do
BUSINESS INVENTORIES
Mfg. and trade inventories, book value, end of year
or month (unadj ) total $
mil $
Mfg. and trade inventories, book value, end of year
or month (seas adj ) total $
mil $
424 118 401 447 404 469 406 617 410 798 412 325 414 454 424 577 430 540 424 118 430 052 436 289 r443 435 448 237
378 243
r
380 643
r
Manufacturing total 1"
Durable goods industries
Nondurable goods industries
do
198 334
do . 129
456
do.... r68,878
r
Retail trade total §
Durable goods stores
Nondurable goods stores
do
do .
do
101 538
50 100
51438
Merchant wholesalers total
Durable goods establishments
Nondurable goods establishments
do
do
do....
80771
52460
28311
Mfg. and trade inventories in constant(1972)dollars,
end of year or month(seas.adj.),total*
bil $
Manufacturing *
do
Retail trade * . .
. .
.
. . . do
Merchant wholesalers *
do....
See footnotes at end of tables.
52 238
427 040 r398 307 1-401 945 r406 720 r413 581 r417 324 r418 588 r423 037 r426 190 r427 040 431 523 435 070 r439 325 445 223
228 258 r209 175 r210 881 r213 942 r216 120 r218 669 r221 341 r223 476 r226 483 r228 258 r232 294 r235 096 r238 522 242 589
151 689 137
851 139 325 141 480 143 141 144 658 146 048 148,136 150 476 151,689 154,043 155 314 157,127 160,147
'76,569 rl 1,323 r71,556 r72,462 '72,979 r74,011 r75,293 r75,340 r76,007 r76,569 r78,251 r79,782 r81,395 82,442
717 108 919
108 862 104 500 106 160 107 372 109 799 110 181 108 748 110415 110383 108 862 108 436 108 717 108
53087 52423 53611 54413 55829 55876 54068 54,523 54415 53,087 52,130 52,232 rr52,232 52,122
55775 52077 52549 52959 53970 54305 54680 55892 55968 55775 56306 56485 56 485 56797
89920
57463
32,457
84632
54377
30255
84904
54772
30,132
85406
54591
30,815
87662
55861
31,801
88474
56529
31,945
88499
56479
32,020
89 146
57,242
31,904
89324
57129
32,195
89920
57,463
32,457
91085
58,146
32,939
91508
58293
33,215
2538
1395
647
49.6
2547
1399
654
49.4
2562
141 1
658
49.3
2589
141 7
66.8
50.5
259.4
1423
666
50.5
2576
1425
653
49.9
2582
1429
656
49.7
258.1
1433
65.3
49.4
257.3
1435
643
49.5
257.5
144 4
63.4
49.7
256.8
1445
62.7
49.6
r
91 708
r
58,937
r
32,771
r
256.9
1448
r
62.5
r
49.5
92304
59,867
32,437
2583
1460
627
49.7
73658
21723
51935
S-4
SURVEY OF CURRENT BUSINESS
1978
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1979
1980
1979
Apr.
Annual
June 1980
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INVENTORY-SALES RATIOS
ratio..
1.41
1.41
1.44
1.40
1.43
1.43
142
1.41
1.42
1.42
1.41
1.38
1.39
1.44
1.51
Manufacturing, total t
Durable goods industries
Materials and supplies
Work in process
Finished goods
do....
do
do....
do
do....
1.52
184
0.60
077
047
1.52
191
0.61
082
0.47
1.56
194
0.62
083
0.49
1.49
1 84
0.59
079
0.46
1.54
194
0.62
r
084
r
048
1.52
194
0.62
084
r
048
1.53
195
0.62
084
048
1.54
1 97
0.63
086
0.48
1.54
196
0.63
086
•"0.48
1.57
2.04
0.66
090
0.49
1.56
204
0.66
090
r
0.49
1.53
1.98
0.64
087
0.47
1.54
1.96
r
0.64
086
0.46
1.59
•"207
0.66
091
0.49
1.68
222
Nondurable goods industries
Materials and supplies
Work in process
Finished goods
Retail trade total §
Durable goods stores
Nondurable goods stores
do....
do
do....
do
do
do
do
1.14
0 44
0.18
052
1.08
042
0.17
049
1.13
044
0.18
051
1.08
042
0.17
r
049
1.09
043
0.17
050
1.07
042
0.17
r
048
1.08
043
0.17
049
1.08
042
0.17
049
1.08
042
0.17
048
1.08
0.43
0.17
0.48
1.06
042
0.16
048
1.06
0.42
0.16
048
1.08
0.43
0.17
0.49
1.10
043
0.17
050
1.15
146
209
1 12
147
2 12
1 12
1 49
220
1 12
1 50
221
1 13
147
2 14
1 11
1 42
200
1 10
1.46
2 13
1.12
1.44
2 12
1.10
1.41
205
1.09
1.36
191
1.08
1.39
198
1.09
1.43
2 15
1.09
1.48
231
1.11
1.20
1.66
080
1.17
1.65
0.77
1.18
1.65
078
1.17
1.64
078
1.17
1.64
078
1.16
1.66
0.75
1.15
1.62
0.76
1.14
1.62
0.74
1.14
1.62
0.75
1.12
1.58
0.74
1.15
1.58
0.78
1.16
1.64
0.76
1.20
1.79
0.75
1.60
186
1.41
1 33
1.56
1.78
1.42
1.30
1.60
184
1.45
1 31
1.61
1.84
1.46
1 31
1.60
186
1.42
131
1.59
1.87
1.37
1.31
1.60
1.87
1.41
1.30
1.61
1.91
1.40
1.29
1.60
1.90
1.37
1.30
1.58
1.87
1.34
1.29
1.58
1.88
1.35
1.27
1.64
1.92
1.38
1.37
1.69
2.05
1.43
1.31
Manufacturing and trade, total $
2
Merchant wholesalers, total
do....
Durable goods establishments
do....
Nondurable goods establishments
do
Manufacturing and trade in constant (1972) dollars,
total *
do....
Manufacturing *
do
Retail trade *
do....
Merchant wholesalers *
do
143
1 98
1 14
2
1 45
208
1.11
1.19
1.67
078
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries:
Unadjusted, total
Seasonally adj total
Shipments (not seas adj ) total t
do.
Durable goods industries total
do
Primary metals
Blast furnaces steel mills
Fabricated metal products
Machinery except electrical
Electrical machinery
do
do
do
do
do
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total
Food and kindred products
Tobacco products
..
..
.
Textile mill products
Paper and allied products
Chemical and allied products
Petroleum and coal products
Rubber and plastics products
Shipments (seas adj ) total t
By industry group:
Durable goods industries total $
Stone clay and glass products
Blast furnaces steel mills
Fabricated metal products
Machinery except electrical
Electrical machinery
..
.
Transportation equipment
Motor vehicles and parts
Instruments and related products
Nondurable goods industries total &
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Blast furnaces, steel mills
do
do....
73,560
3 924
11,024
5001
8895
13 176
8873
17090
11 568
2,837
do....
do....
do.
do
698,515
211,921
10941
43951
804,224
234,828
12,173
46992
63,998
18,754
952
3838
do....
do
do
do
57,654
126 445
103 567
39930
66,033
149 181
134 041
44742
5,464
12,476
9800
3,812
134,398
do
do
do
do
.... do...
do....
do
do
do
do
do
do
do
2
114,547
2
268,237
2
203,025
2
153,752
2
130,079
2
2
125,723
2
298,916
2
236,754
2
151,020
2
148,806
2
2
51,453
2
233 405
2
200,895
2
2
55,938
2
267 807
2
232,315
2
626 934
32 512
197,979
128 405
69 574
do....
r
do....
do....
r
do....
Electrical machinery
Transportation equipment
Motor vehicles and parts
Tn-jtriimprif-s anH rplatpH nrnHtirt'.s
do
do
do....
Hr>
7,220
6,899
7,018
6,149
6,697
7,034
6,702
7,270
6,999
6,984
6,785
6,755
6,996
6430
7,601
7,484
7,388
6,834
144,304 147,053 131,605 140,375 148,657 150,754 143,286 139,658 139,629
77,997 78,976 67,066 71,365 76,949 78,660 72,706 70,347 •70,187
4 263
4 016
4552
4 132
3576
3756
4386
4343
4 471
13,055 12,599 10,955 11,482 11,907 12,073 11,203 10,699 12,208
5,754
4,927
5,605
5,321
5712
5823
6656
6208
5603
8,607
8,568
9,683
9,031
9,787
9,332
9,438
8,477
9,620
13251 14043 12039 12783 13881 13,911 12,527 13,742 12,736
9,790
9,614
9,720
9,204
9851
9029
9,877
8990
8,178
13,853
18 190 17086 13583 13 139 15758 16821 15,310 13,960
8,003
9,838
8,832
7640 10,210 11,338
8,487
12883 11 567
3,242
3,248
3,304
3,030
3,021
3,346
2,765
2,943
3,211
66,307 68,077 64,539 69,010 71,708 72,094 70,580 69,311 69,442
19,268 19,604 18,863 19,544 20,623 20,883 20,518 20,352 18,903
1,097
1,052
1,078
1,002
1,049
1,036
885
1,126
1,040
4,301
3,786
4,059
3,814
4207
3942
4,234
3973
3,419
5,745
5,156
5,540
5,705
5,507
5,795
5,664
5,637
5,770
12,898 13,175 11,818 12,228 13,172 12,759 12,515 12,533 12,918
10388 10909 11 084 11 968 12,351 12,302 12,779 13,489 13,827
3,947
3,279
3,677
3,532
3,804
3,923
3,415
3,826
3,893
141,783 139,050 142,094 142,708 143,614 145,547 144,326 146,289 152,088
!98,334
!29,456
r
4,873
17
875
r
9,761
r
!6,940
r
31 013
17,082
24
151
r
7,798
r
6510
r
730 782
35 492
r
75,544
•74,201
r
4,051 r4,202
12,101
11
782
r
5,825 •"5,930
r
9,066 r9,288
13,852
13,609
r
9,374 •"9,380
15,519 15,565
10,055 10,114
•"3,122 •"3,104
r
69,414 •70,003
•"20,065 •"20,108
1,048
1043
r
3,975 r4,022
r
5,575 •"5,649
12 785 12,955
12,420
12,268
r
3,728 •"3,758
r
71,199
75,515 r72,797
r
3856 r4 117 r 4039
10312
12215 11 550
r
4,749 r6,232 r5,635
r
8,703 r9,312 r9,051
12
756 13051 12 944
r
8,879 r9,181 r9,276
16,269 17,225 15,521
10
943 12,046 10 452
r
2876 r 2958 r3010
r
63 199 r66,268 r66,253
18815
19 338 19 r355
r
842
974 1026
r
r
3,827
3,902 r3,974
r
5389 r5556 r 5460
11
610 12 370 12 428
r
9,877 10,569
10,817
r
3634 r 3794 r3712
73,875
r
4,114
11892
r
5,927
r
9,092
13,255
r
9,158
15,700
10,183
r
3023
r
68,220
19,860
1 142
r
4,045
r
5,825
12 846
10,955
r
3,756
r
9,911
23,876
19,086
12,702
11,921
r
56 924
10,569 10,749
10,766 10,922
•"25,478 rr25,006 rr25,448 •"25,653
19,803 20,284 20,415 •"20,516
11,913 11,938 11,833 11,969
12,588 12,639 13,013
12,554
r
61 778 r62 143 r62 513 •"63,475
r
do
do
do....
1 496 573 1 692 001 137,558
887,777
48 185
140*122
68663
109 463
157 695
110713
194 461
129 364
36,253
Fabricated metal products
See footnotes at end of tables.
6,806
6650
82,988
798,057
43 888
120 390
60533
96212
137 119
98661
188 883
132 207
31,560
Petroleum and coal products
do
Rubber and plastics products
do
By market category: t
Home goods and apparel
do....
Consumer staples
do....
Equipment and defense prod., exc. 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
Inventories, end of year or month: t
Book value (unadjusted), total
do....
Durable goods industries total
do
Book value (seasonally adjusted), total t
By industry group:
Durable goods industries, total #
Stone, clay, and glass products
76,257
mil. $..
do
r
r
74,363
r
4,057
11
853
r
5,842
r
9,140
13,524
r
9,224
15,955
10,075
r
3016
r
68,345
19 652
1027
r
3,931
r
5621
12519
11,873
r
3,772
•73,751
•"4,180
11,926
•"5,824
r
9,208
13,124
•"9,512
14,934
•"9,406
r
3,193
•70,574
•"20,238
1,047
r
3,981
r
5,610
13,211
12,802
r
3,640
•74,191
r
4,119
11,879
r
5,616
r
9,214
13,663
•"9,722
14,780
r
9,086
•"3,270
r
72,098
•"20,534
1,038
•"3,960
r
5,574
13,647
13,208
r
3,611
8,047
7,550
8,152
7,842
7,395
7,677
153,732 157,049 147,234
74,527
•79,116 r80,897
4028
3858 r3999
12,239
12,944 13,355
5,922 rr6,477
5,666
9,570
9,341
9,693
14,659 15,286 13,765
10,617 10,778
9,900
14,919
16,274 16,368
8,723
10,224 r9,938
3,238
3,485 •"3,719
r
74,616 r76,152 72,707
20,391 20,942 19,305
1,061
1,175
1,019
4,174
4,258 r4,441
r
5,969
5,923
6,032
13,837 14,766 14,178
14,568 14,578 14,232
3,930 •"3,879
3,700
152,899 150,081 144,111
r
77,948
•79,159 •75,925
r
4,537 r4,214 •"3,898
12,849 12,199
13,148
r
5,869 r5,864 •"5,757
r
9,526 r9,772 r9,402
13,923 14,313 14,046
10,035 10,471 10,352
15,241
15,860 14,962
r
9,332 r9,876 r8,831
r
3,367 r3,613 •"3,643
•74,140 •73,730 •74,156
•"20,117 •"20,175 •"20,364
1,144
1,046
1,041
r
4,195 rr4,323 •"4,172
r
6,067
5,857 •"5,863
13,927 13,508 13,709
13,965
14,349 14,849
r
4,042 r3,854 r3,645
72,257
3,960
11,430
5,370
9,140
13,369
9,868
14,238
8,232
3,282
71,854
19,384
1,203
4,159
5,837
13,191
14,330
3,524
10,734 11,112
•"25,908 rr26,495
•"20,074 21,046
11,207 10,963
12,587
12,828
r
63,575 r64,087
11,538
r
25,886
•"21,089
11,342
13,453
r
68,780
11,643
r
25,966
•"21,907
11,853
13,098
r
68,422
11,156
•"26,092
•"21,904
10,541
12,007
r
68,381
10,654
25,483
21,106
9,808
11,674
65386
r
r
r
r
4,742
4,565 •"4,583 r4,656 r4,711 r •"4,667 •"4,681 r 4,950 r 4,787
21 590 r21,922 r21 801 r22,236 22,847 r22,854 23,237 22,810 •"23,375
r
20,187
•"20,199 19,661
19,858
19,919
18,674
18,806
19,421
19,098
r
r
r
r
r
r
r
3,150 •"3,188
2,934 •"3,038
2915
2824
2996
2814
2988
r
5,145
23,951
•"20,875
r
3,076
r
5,175
r
24,652
r
r
r
4,891
24,741
21,399 •"21,352
•"3,253
3,389
4,726
23,821
20,564
3,257
r
10,353
'24,583
19,388
13,735
12,428
r
61 297
10,517
r
24,527
19,056
12,096
12,325
r
60 529
r
r
r
227,658 210,291 212,123 213,818 214,979 217,893 219,375 222,296 225,134 227,658 233,547 236,758 239,837 243,752
161,577
150 321 139 064 140 697 142 041 142 752 144 370 144,618 146,672 148,857 150,321 154,097 156,470 158,721
77337 71 227 71 426 71 777 72227 73523 74757 75624 76277 77337 79450 80288 r81 116 82 175
r
r
r
r
r
r
r
r
r
r
r
r
228,258 209,175 210,881 213,942 216,120 •"218,669 221,341 223,476 226,483 228,258 232,294 235,096 238,522 242,589
151,689
137,851 139,325 141,480
r
5,643 r5,237 r5,302 r5,361
19 803 18 655 18
225 18618
10,834 10,499 r9,985 10',312
19,402
17,996 18,142 18,512
r
36 624 r32 910 r33 534 r34 053
r
20,598
18,221 18,467 18,689
r
29
916 r26 424 r27,043 r27 337
r
8,012 r9,061 r9,167 r8,820
r
7 765
•7.073 •7.185 •7.317
143,141
r
5,419
18 788
10,364
18,465
r
34 569
18,988
r
27
934
r
9,227
r
7.431
144,658
r
5,442
19 103
10,583
18,578
r
35 103
19,150
r
28
068
r
9,148
7.486
148,136 150,476
146,048
r
5,436 •"5,542 r5,614
19 033 19 098 19 333
10,457 10,535 10,599
18,816 19,305
18,716
r
35 527 r35 973 r36 383
19,830 •"20,106
19,462
r
r
29,503 •"30,151
28,638
r
8,872 r8,895 r8,648
•7.471 •7.511 •7.634
151,689
154,043
155,314 157,127 160,147
r
r
5,643
5,666 r5,750 r5,987
6,018
19 803 '20 093 •"20 382 r20 387 20873
10,834 11,039 11,336 11,151 11,494
19,402
19,443 19,490 19,659 19,775
r
36 624 r37 272 r37 502 r37 609 38647
r
20,598 r•"21,036 rr21,413 rr21,620 22,134
•"29,916
30,371 30,630 31,447
32,181
r
r
8,018
8,012 r7,869
7,801
7,827
r
r
7765 •"8.043
8.128
8.237
8.303
May
SURVEY OF CURRENT BUSINESS
June 1980
1978
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
S-5
1979
1979
Apr.
Annual
May
July
June
1980
Aug.
Oct.
Sept.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS t— Continued
Inventories, end of year or month t—Continued
Book value (seasonally adjusted) t —Continued
By industry group— Continued
Durable goods industries—Continued
By stage of fabrication: t
Materials and supplies
Primary metals
Machinery, except electrical
Electrical machinery
Transportation equipment
mil. $..
do. ..
do....
do....
do....
r2
41,480
r2
6,533
r2
8,670
r2
4,952
r2
r
48,857
r
7,411
10,732
r
5,936
r
8,351
r
46,417
'47,362 r48,416 r48,857
r
6,988 r7,123 r7,250 r7,411
r
9,918
10,213
10,622 10,732
r
r
5,634
5,760 r5,802 r5,936
r
8,044
'8,224 r8,394 r8,351
r
'49,627
50,248 r50,347
r
7,802 r7,971 r7,919
10,785
10,994
10,963
r
6,034 r6,134 r6,222
r
8,082 r8,161 r8,501
51,163
8,073
11,235
6,321
8,721
Work in process #
Primary metals
Machinery, except electrical
Electrical machinery
Transportation equipment
do
do....
do....
do....
do....
r2
55,523
r2
6,320
r2
14,298
r2
7,883
r2
r
66,837
r
7,013
!6,952
10,064
17,832
r
r
66,145 '66,837
59,009
59,950 r61,411 r61,927 '62,607 r63,810 '64,859
r
r
6,866 r6,901 r7,013
6,660 r6,526 r6,689 r6,702 r6,837 r6,904
16,407
15,151
15,420
16,712
16,788
16,952
15,626
15,993
16,290
r
8,586 r8,745 r8,905 r9,013 r9,196 r9,435 r9,632 r9,817 10,064
14,781 15,221 15,843 15,973 15,863 16,647 17,112 17,860 17,832
r
'67,951
68,397 r69,585
r
6,825 r6,869 r6,936
17,245 17,264 17,451
10,173 10,385 10,518
18,688 18,772 19,155
70,692
7,131
17,741
10,707
19,519
Finished goods #
Primary metals
Machinery, except electrical
Electrical machinery
Transportation equipment
do....
do
do....
do....
do
r2
32,454
r2
5,022
r2
8,045
r2
4,247
r2
r
'34,938
r
5,310
r
8,668
r
4,366
r
3,753
do....
do....
do
do....
do
do....
do....
do....
r2
68,878
r2
17,298
r2
3,602
r2
5,664
r2
5,889
r2
15,439
r2
5,359
r2
r
76,569
r
20,397
r
3,503
r
5,844
r
do....
do
do.. .
r2
26,719
r2
10,729
r2
r
mil $
do....
do....
do....
do....
do....
r2
17,010
r2
26,542
r2
50,369
r2
10,lll
r2
17,116
r2
17,584
17,408 17,344 17,414 17,519 17,469 17,459 17,353
r
29,749 rr27,708 rr28,124 '28,587 rr28,639 '29,041 rr29,425 '29,400
r
61,621 53,360 54,356 r55,570 56,327 r57,225 58,296 '59,544
10,347 11,479 11,546 11,177 11,597 11,485 11,249 11,311
19,646
18,268 18,513 18,904 18,797 18,906 18,943 19,044
r
89,311 r80,952 r80,998 r82,290 r83,240 r84,542 '85,970 r86,824
17,399
r
29,546
'60,831
11,080
19,429
r
88,197
do....
do....
do....
do
r2
8,701
r2
55,444
r2
48,274
r2
r
9,180
r
68,640
r
59,178
r
r
8,960
r
67,817
r
58,542
r
do. ..
do
do
do....
2
841,739
2
128,002
2
65,307
2
926,580
142,882
69,121
59,802
r
75,927 r77,037 r76,028 r74,585 '74,762 r77,647 '76,521 '75,903 '77,199
11,763
11,169 11,762 11,284 10,938
11,923 12,343 11,748 11,502
r
r
6,045 r5,080 r5,559 r5,299
4,746 '5,737 r5,781 r5,607 r5,114
r
r
4,611 r4,813 r5,062 r4,884
5,084 '5,091 r5,369 '5,051 r5,230
r
do
do....
do
do....
do....
2
99,016
2
142,863
2
103,216
2
210,419
2
111,622
163,304
115,785
216,523
65,796
r
9,685
14,016
10,060
16,970
r
6,019
'9,092
15,249
10,626
16,448
'5,643
do....
do....
do....
2
700,121
2
153,795
2
805,435
172,569
632,866
r
r
8,953 r9,379 r8,974
9,204 r9,320 r8,913 '9,426 r9,004
12,835
13,210 13,564 13,421 13,454 13,992 13,975
13,843
r
r
9,350 r9,621 r9,691 r9,103 r9,842 r9,824
9,558 r9,769
18,306
19,116
17,458
16,714
16,529
18,023
15,820
16,555
r
r
5,469 r5,496 r5,750 r4,878 '4,767
5,721 r4,205 r5,732
r
r
r
r
r
63,305 r66,264 66,359 68,035 '68,854 69,731 '70,089 r71,092
13,874
66,268 14,249 14,516 14,863 14,777 14,752 15,202
r
49,432 r51,989 '52,110 r53,519 '53,991 '54,954 r55,337 r55,890
'72,033
14,499
r
57,534
r
do
do
do....
do
do....
do....
2
114,547
2
268,264
2
226,205
2
155,910
2
131,384
2
126,005
298,939
258,447
149,571
149,383
749,670
do
do....
do....
do
2
51,456
2
261,400
2
22 19,693
55,939
299,216
259,721
39,495
2
237,134
2
226,975
2
277,153 265,078 265,506 267,941 268,694 268,812 271,120 273,707 274,721 277,153
265,777 254,172 254,745 257,179 258,040 257,882 259,931 262,521 263,015 265,777
11,376 10,906 10,761 10,762 10,654 10,930 11,189 11,186 11,706 11,376
2
278,846
Nondurable goods industries, total #
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
By stage of fabrication:
Materials and supplies
Work in process
Finished goods
By market category: t
Home goods and apparel .
Consumer staples
Equip, and defense prod., exc. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
New orders, net (not seas, adj.), total t
Durable goods industries total
Nondurable goods industries, total
New orders, net (seas, adj.), total t
By industry group:
Durable goods industries, total
Primary metals
.
Blast furnaces, steel mills
Nonferrous and other primary met
Fabricated metal products .
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts
Nondurable goods industries, total
Industries with unfilled orders $
Industries without unfilled orders
fl
By market category: t
Home goods and apparel
Consumer staples
Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
Capital goods industries
,
Nondefense
Defense
14,091
3,054
4,629
31,430
77,186
Unfilled orders, end of year or month (seasonally
adjusted) total 1"
mil $
By industry group:
Durable goods industries, total #
do....
Primary metals
..
. do
Blast furnaces steel mills
do
Nonferrous and other primary met...... do....
49,500
53,503
546,326
645,552
41,706
10, 159
238,652
2
228,181
2
26,738
2
17,179
2
7,443
2
26,094
2
53,037
2
30,427
2
80,910
2
do
do....
do
do....
do....
56,098
2
10,471
Nondur. goods ind. with unfilled orders $ .. do....
By market category: t
Home goods, apparel, consumer staples
Equip, and defense prod., incl. auto
Construction materials and supplies
Other materials and supplies
Supplementary series:
Household durables
Capital goods industries
Nondefense
Defense
See footnotes at end of tables.
r
35,994
r
5,379
r
8,940
r
4,598
r
3,733
r
44,430
r
6,626
r
9,365
5,363
r
7,931
r
44,803
r
6,777
r
9,507
r
5,454
r
7,625
r
45,524
r
6,849
r
9,586
r
5,557
r
7,990
r
46,378
r
7,055
r
9,778
r
5,531
r
8,295
r
r
r
34,944
r
5,073
r
8,749
r
4,359
r
3,891
r
35,267
r
5,152
r
8,920
r
4,330
r
3,869
r
35,691
r
5,237
r
8,990
r
4,418
r
3,971
r
35,671
'35,821 '35,914
r
5,211 rr5,141 r5,109
r
9,035
9,202 '9,048
r
4,423 rr4,393 r4,438
3,947 '4,167
'3,910
r
35,916
r
5,182
r
8,973
'4,487
r
3,897
r
35,994
r
5,379
r
8,940
r
4,598
'3,733
'78,251 rr79,782 rr81,395
20,250 20,505
20,431
'3,541 rr3,506 rr3,506
'5,919 r5,962 r6,096
'6,906
7,156
7,296
17,875
18,429 18,677
r
6,933 rr7,297 rr8,062
'4,880
4,840
4,954
82,442
20,170
3,475
6,191
7,336
19,210
8,471
5,077
r
30,873 r31,418 r31,967
12,065 12,269
12,687
'35,313 r36,095 r36,741
32,371
12,704
37,367
17,584
17,801 17,838 18,168
r
29,749 rr29,738 rr30,090 rr30,420
r
61,621 63,049 63,716 64,718
10,347 10,248 10,114 10,183
19,646 19.514 19,572 r20,166
'89,311 r91,944 r93,766 r94,867
18,346
30,311
66,325
10,414
20,162
97,031
28,040 r28,058 r28,269 '28,527 r29,109 r29,353 r29,644 '30,084 r30,257
11,142
11,222 11,380 11,522 11,621 11,888 11,860 11,894 11,774
r
32,141 r32,276 r32,813 r32,930 '33,281 r34,052 '33,836 r34,057 r34,538
r
8,781
r
60,338
r
52,533
r
r
8,829
r
61,633
r
53,681
r
r
8,852
r
62,548
r
54,501
r
r
8,837
63,492
'55,312
8,048 r8,178
r
8,852
r
64,996
r
56,443
r
'8,877
66,367
'57,497
8,553 '8,871
36,669
r
5,542
r
9,244
r
4,894
r
3,697
r
38,292
5,669
9,671
5,106
3,941
r
r
8,792
r
59,063
r
51,488
r
r
37,195
r
5,532
r
9,195
r
4,880
r
3,791
r
71,323 r7 1,556 r72,462 r72,979 r74,011 r75,293 r75,340 rr76,007 '76,569
r
18,281
18,526 18,957 19,050 19,320 19,780
19,851 20,066
20,397
r
r
r
3,762 '3,681
3,582 rr3,600 rr3,668 rr3,660 '3,733
3,594 '3,503
r
r
r
r
r
r
5,720
5,682
5,657
5,662
5,690
5,695
5,752
5,812
5,844
r
r
6,795
6,193 r6,254 r6,315 r6,209 r6,342
6,422
6,538
6,633 r6,795
16,982
15,930
15,955
15,916
15,998
16,492
16,582
16,230
16,835
16,982
r
r
r
r
6,581
5,225 rr5,062 rr5,402 rr5,607
'6,343 '6,332 r6,526
6,58l
5,959
r
r
4,777
4,851
4,964 '4,922 r4,940 '4,835 '4,828 '4,777
4,868
4,859
30,257
11,774
r
34,538
'36,465
r
5,466
'9,242
r
4,829
r
3,601
r
r
9,234
r
71,107
r
61,488
r
r
9,311
r
72,177
r
62,102
10,075
9,489
73,950
63,630
10,320
81,467 r81,021 r77,546
13,533
13,086 11,141
r
5,776 rr5,893 rr5,162
r
6,432
5,956
4,830
72,458
9,888
4,103
4,851
10,223 r9,738
14,247 14,000
11,440 11,109
16,005
16,345
r
4,387 r5,558
8,794
11,728
10,809
17,391
8,494
74,121 r73,582 r74,519
15,640
15,072 15,594
r
58,481 r58,510 r58,925
71,313
14,582
56,731
10,804 r10,428 r10,815 r10,865 10,776 10,657
11,031 11,540 11,687 11,145
24,547 25,483 25,018 25,444 '25,641 r25,892 r26,492 r25,886 r25,978 r26,132
19,958 r20,317 '20,743 r22,530 r2 1,099 r22,350 '23,272 r23,837 r22,076 r23,597
12,220 11,796 11,534 11,928 11,606 10,664 10,870 11,002 11,963 10,237
12,550 12,710 12,633 12,765 12,574 12,869 12,932 13,250 12,237
12,185
r
62,672 r62,046 r62,794 '63,978 '64,722 r64,860 '64,699 r70,391 r69,649 r68,717
10,404
25,514
23,263
8,973
11,518
64,099
r
r
'9,180
68,640
'59,178
9,275 r9,462
r
'9,248
70,252
'60,660
r
9,592
r
7,170
9,462
7,573
7,806
7,953
9,619
do.... 1,541,861
1,732,015
142,739
144,733
149,983 132,360 140,488 150,964 153,346 144,297 142,086 145,943 156,942
159,145 146,966
2
r
do
841,739
926,580
78,341
78,568
67,926
78,998
81,410
71,203
81,256 73,197 73,106 '76,232 82,230 r82,642 74,499
do.... 2700,121 805,435 64,398 66,165 68,073 64,434 69,285 71,966 72,090 71,100 68,980 69,711 74,712 r76,503 72,467
do .. 31,541,861 31,732,015 139,232 143,302 142,386 142,620 143,615 147,378 146,610 146,996 149,232 155,588 154,603 152,065 143,771
Unfilled orders, end of year or month (unadjusted),
total t
mil $
Durable goods industries, total
do....
Nondur. goods ind. with unfilled orders $
do....
Fabricated metal products .
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts
7,006
43,904
r
6,685
r
9,091
r
5,269
r
7,890
do....
do....
do....
do....
do
do....
do....
do....
2
10,048 10,047
r
24,594
20,228 r21,488
12,674 13,470
12,292 12,343
r
60,104 r6 1,360
r
23,886
r
r
4,694
r
23,781
r
20,600
r
r
4,296
24,770
'21,129
3,181 r3,640
r
r
r
4,576
23,560
'21,227
'2,332
r
4,866
r
24,166
r
2r 1,704
r
2,464
r
4,697
r
24,107
r
21,077
r
r
4,751 r4,736
25,816 '24,120
'21,578 '21,073
'3,048
3,029 r4,237
r
262,981 r264,500 r267,837 r268,362 '269,269 r273,033 '274,097 r276,767 r279,710
r
r
r
267,071 252,433
253,956 '257,187 257,897 '258,295 261,742
29,607 rr32,492 rr31,446 rr3 1,658 r31,050 r30,135 r30,276
18,964 18,877
17,690 21,917
20,765 20,688 '20,060
r
9,295
8,445 r8,466 '8,622 r8,861
8,234 r8,208
r
r
r
r
28,257 r27,850 r27,916 r27,839 r27,950 rr28,130 rr27,976
58,729 56,327 56,486 57,105 57,271 57,202 57,585
35,552 r32,990 r33,430 r33,845 '33,790 r34,408 r34,858
102,747 rr90,920 rr92,811 rr94,748 rr95,762 rr96,336 rr98,840
77,893 65,009 66,910 69,254 70,305 7 1,088 73,098
••262,719
'30,518
18,727
r
9,174
r
27,211
r
r
5,244
r
25,161
r
21,480
r
r
4,923
r
27,184
r
22,590
r
r
283,465
r
r
286,671
r
r
288,770
r
'5,247
'4,670
26,072
21,754 '22,285
'4,033 '3,787
r
r
r
11,775
r
4,625
r
25,786
r
'267,879
'264,871
r
30,340 '29,962
18,007
18,510
r
9,216 '9,334
23,859
'3,352
3,681
4,594
288,500
271,821 274,931 276,676 276,647
11,644 11,740 12,094 11,853
283,211 r284,924 r286,907 286,570
r
27
1,399 r273,263 r274,884 275,088
r
30,349 r30,586 r29,528 27,987
17,915 17,944
17,349 16,082
9,273
'9,708 r9,844 r9,397
r
r
28,382 '27,948 r28,400 r28,737 28,390
58,426 rr58,779 r'60,105 rr60,041 rr59,994 58,354
36,219 37,190 37,944 38,886
35,631
'35,293
104,257 105,642 108,798
100,715
102,906 104,116
r
r
73,643 75,706 '77,929 79,784 r80,298 r81,804 86,044
'28,115
'57,707
r
27,911
r
r
35,036
r
99,095
r
10,548 10,544 10,650 10,465 10,974 11,291 11,378 11,896 11,831 11,812 11,661 12,028
r
r
r
r
r
4,564
27,044
22,184
4,860
r
r
r
r
r
11,482
r
4,108
134,669
2
20,195
2
79,680
4,871
4,632
4,689
4,717
4,495
4,966
4,809
4,715
4,630
4,792
4,538
4,913
4,619 '4,927
157,406
160,403
150,912
151,133
152,866
154,999
157,684
159,073
148,646
148,702
154,691 145,388
147,224 148,249
r
r
r
r
r
r
r
r
r
r
20,388
20,771
20,615
2
1,130
20,882
20,628
20,910
20,541
21,014
21,136
20,772 rr21,243 '21,158
21,018
r
98,845 91,436 r91,499 '93,642 r93,909 r94,561 r96,026 r97,273 r98,558 99,171 100,785 102,010 102,346 101,057
2
3,347
2
147,787
2
104,225
2
r
r
r
3,577 r3,648 r3,680
3,515
3,923 r3,709 r3,547 r3,475
3,408
4,033 r3,746 r3,957 r3,823 r3,854
179,055 161,995 164,843 167,208 168,532 169,792 172,754 173,637 176,613 179,310 182,569 183,077 185,519 188,747
137,742
131,563 117,141 119,172 122,070 123,876 125,095 126,755 127,628 129,721 131,819 134,800 134,881 136,118
r
47.492 44.854 45.670 45.138 44.656 44.697 46.000 46.010 46,893 47,492 47.769 48,196 49.401 51,005
2
43.563
May
S-6
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
June 1980
1980
1979
Apr.
Annual
May
June
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
40567
44,811
41 167
43,579
47016
44,447
41 569
44,583
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS *
New incorporations (50 States and Dist. Col.):
Unadjusted
number
Seasonally adjusted
..
do
478 019
524 565
43486
42302
47065
43741
44766
42634
44 914
45049
44 812
43213
40330
44961
47922
46478
734
92
132
114
317
79
708
98
125
92
308
85
602
62
113
91
269
67
565
92
93
90
216
74
736
97
142
104
304
89
505
68
107
82
178
70
767
94
133
137
313
90
INDUSTRIAL AND COMMERCIAL
FAILURES t
Failures total
number
Construction
do
Retail trade
Wholesale trade
do
do
6619
773
1204
1013
2*889
740
242 764 200 449 273 171 212 200 287 438 186 195 395 753
72688 25 103 27610 24689 37,444 23,881 39,532
25556 34710 24798 15446 32887 18 169 41402
72,694 60,782 75,340 91,687 75,390 74,438 202,284
42320 49900 122 743 32227 53 110 25206 78 175
29,506 29,954 22,680 48,151 88,607 44,501 34,360
thous $ 2 656 006
325 681
do..
do
328 378
do.... 878,727
777 450
do
do.... 345,770
Liabilities (current) total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
Failure annual rate (seasonally adjusted)
No per 10 000 concerns
308
*239
29 1
262
275
329
26 1
336
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
r
561
566
r
488
r
589
r
494
r
367
r
425
r
500
591
507
379
428
487
1,210
1910-14=100..
525
602
610
616
611
610
592
602
591
594
595
591
596
584
do....
do
do....
do....
do
do
do....
457
532
466
320
336
513
1,061
501
550
490
360
403
537
1,149
478
543
462
339
350
516
1,135
497
527
473
362
370
557
1,141
526
529
497
380
423
603
1,141
537
503
523
394
442
616
1,105
528
503
500
383
432
635
1,155
508
484
484
382
444
500
1,186
504
498
518
370
457
518
1,143
502
539
515
358
451
511
1,198
493
517
506
367
434
448
1,208
494
499
505
375
431
435
1,199
495
490
531
369
441
456
1,188
494
545
512
368
431
469
1,204
do....
do
do....
do
595
647
757
242
707
737
935
251
749
709
1,019
265
740
704
1,007
261
700
704
937
246
687
709
916
237
658
734
857
226
702
759
929
232
681
771
890
219
689
789
882
248
703
783
900
264
692
783
887
251
702
783
921
230
679
111
876
233
r
do
638
616
628
725
683
720
720
671
719
722
679
720
731
687
728
729
694
723
740
702
736
747
709
742
751
715
742
758
722
749
770
(7)
763
780
791
r
772
782
r
746
849
839
845
848
856
855
866
874
875
883
913
923
933
r
70
71
73
73
72
71
69
70
68
68
67
65
65
1953
2177
211.8
214.3
216.9
2194
221.5
223.7
225.6
227.6
230.0
233.3
236.5
1954
2174
211 5
214 1
2166
2189
221 1
2234
225.4
2275
229.9
233.2
236.4
191 3
191.2
194.0
2108
213.0
216.1
2060
206.3
210.1
2084
208.9
212.7
2107
211.8
215.2
2127
214.2
217.6
2142
216.9
219.7
216 1
219.6
222.1
217.4
221.8
224.1
2186
224.1
226.2
220.6
226.4
228.6
223.4
229.9
231.9
226.6
233.5
235.0
187 1
192.0
174.3
1739
174.7
2109
2194
211.4
210.2
2084
215.9
198.7
191 1
195.1
234.2
2449
2033
209.9
189.6
1872
188.9
227.0
237 1
2058
212.8
193.2
1892
191.6
229.5
2398
2084
215.7
197.6
191 1
194.7
232.1
242.6
2105
218.3
201.1
1926
197.0
234.7
2456
212.2
220.4
205.4
193.6
199.5
237.6
248.8
215.6
224.5
211.3
196.0
203.4
243.6
255.1
222.4
232.0
220.5
201.3
210.4
253.1
266.1
225.2
236.3
227.3
202.1
213.8
256.8
270.2
232.3
231.7
234.3
233.4
235.4
234.2
236.9
235.5
236.3
233.9
238.2
235.4
217.4
225.8
212.9
198.4
205.4
246.2
258.2
239.1
236.0
219.4
228.2
215.2
199.8
207.2
249.3
261.6
234.5
232.9
214 1
223.1
209.6
194.5
201.8
240.7
252 1
237.1
234.7
241.7
238.7
243.8
240.6
202.8
2104
164.0
227.2
4
216.0
5
298.3
232.6
2
177.7
227.6
239.7
176.0
262.4
239.3
403.1
257.8
190.3
219.8
230.7
172.0
251.7
227.5
349.8
245.3
188.6
222.4
233.5
173.8
254.9
232.2
364.3
251.6
189.2
225.5
236.7
174.7
258.8
239.0
391.2
259.9
190.1
228.4
240 1
175.9
263.0
243.5
412.9
264.5
190.4
231.5
243.9
177.5
267.6
247.2
438.6
266.5
191.2
234.6
2474
179.0
271.9
251.2
461.6
270.1
192.2
237.7
251.5
181.4
276.7
252.9
470.8
272.5
193.3
240.8
255.9
182.1
282.4
252.0
477.4
267.3
195.1
243.6
259.4
182.9
286.9
255.1
488.0
270.8
195.8
1596
1855
1850
1538
1865
1878
219.4
1666
212.0
2123
166.0
2010
2003
239.7
1654
202.9
2032
164.3
2000
1926
235.1
166 1
207.7
208 1
165.8
2054
1933
236.3
1657
212.6
2133
166.3
2089
1940
237.7
1643
2166
2174
1667
2092
197 1
239.9
1663
219.6
2204
166.6
2070
2008
241.8
1698
221.4
2220
166 1
2029
2052
243.7
171.0
222.7
223 1
167.5
1999
209.1
245.9
171 7
224.9
2250
170.6
1984
2165
248.0
All items percent change from previous month
Commodities
1967—100..
Commodities less food
do....
Food
do....
Food at home
do....
10
203.4
189.1
2320
231.0
10
205.3
191.1
2335
232.1
10
207.4
193.7
2342
232.4
1i
2096
196.2
2353
233.0
10
211.5
198.7
235.5
232.5
12
2140
201.2
2379
235.4
10
215.8
202.9
239.8
237.1
Fuels and utilities
Fuel oil and coal
227.2
348 1
232.1
3647
239.1
3936
243.7
4162
248.1
4439
252.2
4686
254.0
475.6
Prices received, all farm products
Crops #
Commercial vegetables
Cotton ...
Feed grains and hay
Food grains
.
.
Fruit
Tobacco
Livestock and products #
Dairy products
Meat animals
Poultry and eggs
....
....
..
Prices paid:
All commodities and services
Production items
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100..
Parity ratio §
do
r
715
664
715
r
r
454
1,206
637
111
803
219
r
790
776
634
771
804
211
793
776
933
936
63
60
60
239.9
242.6
245.1
239.8
242.5
244.9
229.6
237.1
238.4
231.7
239.9
241.1
233.4
242.6
243.6
228.0
240.3
232.6
203.0
216.7
261.3
275.4
229.9
242.2
234.6
204.9
218.6
265.3
280.0
231.4
243.2
235.5
207.1
220.2
269.2
284.4
244.9
241.3
247.3
243.6
249.1
245.3
250.4
246.5
247.3
264.0
184.1
292.5
258.6
514.0
273.0
196.9
250.5
267.2
185.6
296.3
263.8
539.1
278.8
199.0
254.5
271.6
186.6
302.0
268.0
553.4
284.0
201.3
257.9
276.0
187.0
307.7
270.5
556.4
288.0
203.0
261.7
280.2
188.9
312.9
275.9
556.0
298.2
204.2
172.2
227.7
227.5
171.7
1982
223.0
250.7
171 0
233.5
2335
173.9
1972
226.8
253.9
171.9
239.6
239.8
175.3
1953
229.5
257.9
1760
243.7
2440
175.0
1952
232.1
260.2
177.3
246.8
247.0
177.0
1967
235.9
262.0
1775
249.0
2492
178.9
1993
239.5
263.4
10
2179
205.1
2414
238.5
12
220.4
207.3
244.8
242.3
14
223.5
211.5
2448
241.8
14
226.1
215.2
244.7
240.9
14
228.8
217.9
247.1
243.5
09
230.0
219.0
248.4
244.5
09
2308
219.8
2492
245.1
252.4
4784
255.1
485.6
(6)
(«)
CONSUMER PRICES H
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
ALL ITEMS, WAGE EARNERS AND
CLERICAL WORKERS, REVISED
(CPI-W) U
1967-100
ALL ITEMS, ALL URBAN CONSUMERS
(CPI-U) U
1967 - 100
Special group indexes:
All items less shelter
do
All items less food
do....
All items less medical care
do....
Commodities
Nondurables
Nondurables less food
Durables
Commodities less food
Services .
.
Services less rent
..
Food #
Food at home *
do
do....
do....
do
do....
do....
do
do....
do....
Housing
Shelter #
Rent
Homeownership
Fuel and utilities #
Fuel oil and coal
Gas (piped) and electricity
Houshold furnishings and operation
do....
do....
do....
do....
do....
do....
do....
do....
Apparel and upkeep
Transportation
Private
New cars
Used cars
Public
Medical care
do.
do....
do
do....
do
do....
do....
.
....
2
3
Seasonally Adjusted t
do....
do
Apparel and upkeep
.
do.
1655
1657
1656
1659
1666
1687
169.2
1697
170.8
1724
1735
1770
1775
1772
Transportation
Private
New cars
.
do
do....
do
2035
203.9
1643
2069
207.4
1657
2107
211.4
1666
2145
2153
1679
2180
218.8
1688
2208
221.4
1695
2225
223.0
1682
225 1
225.3
1692
2283
228.3
1695
2353
235.4
171 8
2420
242.3
1739
2462
246.5
1745
2476
247.9
1770
2483
2484
1787
do
2275
2302
2326
235 1
2377
2405
2435
246 1
2495
2529
2568
261 6
2656
2698
Services
.
See footnotes at end of tables.
S-7
SURVEY OF CURRENT BUSINESS
June 1980
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
Annual
1980
1979
1979
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
COMMODITY PRICES—Continued
PRODUCER PRICES §
(U.S. Department of Labor Indexes)
Not Seasonally Adjusted
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 goods #
do
Finished consumer goods
do....
Capital equipment
do....
By durability of product:
Durable goods
do....
Nondurable goods
do
Total manufactures
do..
Durable manufactures
do....
Nondurable manufactures
do....
Farm prod., processed foods and feeds
do....
Farm products #
do
Fruits and vegetables, fresh and dried.... do....
Grains
do
Live poultry
do....
Livestock
do
Foods and feeds, processed #
Beverages and beverage materials
Cereal and bakery products
Dairy products
Fruits and vegetables, processed
Meats poultry and fish
Industrial commodities
. ..
do....
do....
do..
do
do..
do
do
Chemicals and allied products #
Agric. chemicals and chem. prod
Chemicals industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Prepared paint
do....
do....
do
do....
do....
do....
Fuels and related prod., and power #
Coal
Electric power
Gas fuels
Petroleum products, refined
do....
do....
do
do....
do....
Furniture and household durables #
Appliances, household
Furniture, household
Home electronic equipment
do....
do
do....
do
Hides, skins, and leather products # ..
Footwear
Hides and skins
Leather
Lumber and wood products . . . .
Lumber
do
do
do
do....
do
do. .
Machinery and equipment #
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Metalworking machinery and equip
Metals and metal products #
Heating equipment
Iron and steel
Nonferrous metals
do....
do....
do....
do....
do....
do
do....
do
do
Nonmetallic mineral products #
Clay prod., structural, excl. refrac
Concrete products
Gypsum products
Pulp, paper, and allied products
Paper
Rubber and plastics products
Tires and tubes
.
Textile products and apparel
Synthetic fibers
Dec.
Processed yarns and threads
Gray fabrics
Finished fabrics
Apparel
Textile house furnishings
Transportation equipment # ....Dec.
Motor vehicles and equip
do
do....
do
do
do....
do
do
do
do.
1975=100..
do
do. ..
do
1967=100..
do.
1968—100.
1967=100..
Seasonally Adjusted $
Finished goods, percent change from previous
month *
By stage of processing:
Crude materials for further processing 1967—100
Intermediate materials, supplies, etc
do....
Finished goods #
do
Finished consumer goods
do. .
Food ..
do
Finished goods, exc. foods
do
Durable
do....
Nondurable
do
Capital equipment
do....
See footnotes at end of tables.
1
278.1
2565
293 9
233 5
281.2
2593
2973
2369
279.5
2543
298 1
2300
277.1
2544
293 8
2320
279.9
2358
211 4
210.2
2140
282.3
2382
2127
211.6
215 1
283.0
2403
213 7
212.7
2158
287 1
2446
216 2
215.6
2172
204.9
2119
204.2
204.7
203.0
206.6
2125
216.5
1825
199.8
220 1
202.6
200.0
1903
1884
2026
217 1
2094
2239
234 1
223 1
222.7
2228
231.2
2460
239 1
1983
2094
2840
222.3
201.5
2030
207 1
2205
253 0
2290
2247
2369
2250
223.8
2256
230.8
2454
2282
2103
2163
280 7
2258
238 8
2265
224.6
2278
229.0
242 8
2264
218 7
1829
264 0
2276
2437
2298
226.6
2325
232.2
2468
2267
2474
1838
256 0
222.0
205.3
2049
207 9
2214
250 4
220.6
208.5
2063
208 4
2215
241 4
234 o
198.8
198.4
2256
148.1
315.8
192.3
322.5
430.0
2506
428.7
321.0
160.4
1530
173.5
902
2000
1830
3605
238.6
2760
3224
196.1
213.1
232.9
164.9
217.0
227 1
174.4
2536
2078
2228
197.2
2140
229 1
195.6
206 1
1748
1792
1598
109.6
102 4
118.6
1038
152.4
178.6
173.5
176.0
215.1
209.8
2482
1575
448.7
2033
361.5
447.1
260 6
477.4
3786
168.7
1587
1827
923
2589
2120
6422
3936
3049
3554
2098
226.4
251 7
175.0
2353
2560
1838
2802
259 6
243 4
214.8
240 5
2522
215.0
226 3
1888
196 1
1664
115.1
106 8
1245
1059
159.8
1876
1868
189.4
2316
218.0
210.0
2556
1577
418.3
2013
377.6
450.8
265 9
507.2
4000
169.6
1593
184.8
924
2696
216 3
6669
4294
3028
3548
2114
228.3
2537
176.5
237.6
256 2
1857
2795
258 2
245 6
215.7
241 6
248 8
216.2
227 2
190 8
197 3
1672
117.4
107 8
1247
1070
159.8
1880
1872
189.8
223.3
214.1
2124
2090
2236
237 7
237 5
08
2732
235.0
211 1
2097
225 8
1997
178.4
2137
214.0
234.1
*2392
'2306
2093
276.3
2518
2945
240.1
2155
1946
192.6
199.1
294.1
257.2
3225
2598
285.3
2450
3169
2615
272.5
2350
3019
2623
264.1
244.4
2785
2637
296.2
2587
228 1
229.1
2253
r
296.8
r
2659
r
2324
r
233.5
r
308.3
271 1
2354
237.3
2303
303.3
2732
2382
240.6
2318
296.9
2745
2400
241.6
2358
300.7
2758
2410
242.8
236.0
2370
2593
2426
236.2
2490
234.6
2425
2107
2279
1947
2525
229.3
221.6
2236
219 9
2226
242 8
253 i
r
2438
r
2632
r
2484
r
242.9
r
2464
2700
2527
245.0
2607
2466
273 1
2548
245.2
2647
234.9
2393
2183
2179
180 1
2518
231.5
226.0
2313
223 3
2236
239 2
2472
2740
2565
246.2
2673
229.2
2289
2230
2108
1719
230 5
228.5
227.9
2315
227 8
2245
226 0
270 7
2464
2773
2578
245.9
2703
238.2
232.9
292 3
164 4
327 1
2107
487.9
458.6
287 0
662.4
5552
177.9
165 3
1948
90 5
249 2
227 9
443 9
3248
290 1
3395
r
246.0
r
241.9
r
286.2
2554
3096
2456
289.5
2550
224 2
224.7
2228
2908
2563
226 3
227.1
2239
2346
2537
2390
234.0
244 0
230.6
2396
2180
2290
1620
251 7
224.8
218.9
2198
218 1
2234
234 2
2353
2562
2406
234.6
2466
232.3
2402
2165
226 6
1955
248 3
227.1
221.2
222 5
219 3
2224
239 3
250 6
236.0
229.5
288 4
1630
3443
2094
283.8
2523
3077
2383
2817
2475
217 3
217.5
2165
288.3
2510
220 7
221.7
2178
225.0
211.2
270 4
1592
3816
2053
2280
245 8
2317
227.2
2359
227.5
2385
2417
229 1
1719
240 2
220.5
216.5
216 0
215 2
2246
225 5
240 6
228.5
215.3
277 1
1596
3764
2053
268 0
221 1
611 0
4146
299 8
3548
2124
229.4
2540
177.6
239 1
258 2
1852
283 2
259 7
246 9
216.5
243 7
251 3
216.6
227 5
193 1
198 9
1684
118.5
108 6
1254
1076
160.2
1893
1875
190.1
411.8
452.5
274 8
548^4
4498
170.7
161 1
1858
902
2619
221 8
566 5
3852
300 1
3550
2148
231.2
2570
179.9
2414
432.8
454.2
278 8
572.4
4828
171.5
162 2
1862
90 2
2579
225 4
511 9
3659
304 7
3653
2160
233.3
2585
1812
2435
260 8
1860
286 8
262 3
249 5
220.3
245 2
2518
218.3
228 2
195 5
206 2
1693
119.5
109 5
1283
108 2
160.3
1899
1884
190.8
261 8
188 1
286 1
263 1
249 9
222.3
246 3
252 3
222.2
229 5
198 8
211 6
170 5
120.6
110 6
1287
1090
161.4
1905
1859
187.8
230 1
251 1
2352
229.4
2410
231.8
2410
2083
224 4
1735
256 4
225.8
217.9
2187
218 3
225 1
239 9
244 2
230.8
219.4
280 0
1610
379.9
2060
454.8
452.5
280 5
603.4
5137
172.7
162 7
1885
90 3
251 1
226 9
465 3
3300
309 7
3739
2177
237.4
2589
182.5
2464
263 7
1913
285 5
269 3
254 6
223.7
248 7
254 9
223.0
230 3
200 7
215 o
05
06
12
275 1
237.3
212 1
2108
2235
2024
179.5
2175
215.0
2784
239.7
213 4
2120
221 3
2053
1806
221 7
216.4
2846
243.6
215 9
2148
222 8
2087
1820
2266
218.2
219.2
209.2
259 3
1590
374.1
2013
393.7
452.0
269 9
522.3
4236
170.2
160 0
1853
287.1
249.5
3162
r
2549
281.0
2507
3040
2472
281.1
259 1
297 3
2420
2497
171 3
123.6
111 7
1287
109 1
161.6
1939
1866
188.6
249 0
234.2
224.3
285 7
1628
3669
2067
468.5
454.6
283 5
619.9
5337
175.1
163 2
190 1
90 3
2539
227 5
478 8
3436
308 8
3703
2200
240.0
2639
184.3
2496
2696
1922
289 2
283 1
256 2
221.1
250 1
2553
227.5
238 7
2030
218 3
1720
124.7
112 1
1297
108 9
162.2
1963
1942
197.1
1i
15
1i
12
08
285 2
247.1
218 3
2183
2262
2123
1820
232 7
217.9
2914
250.7
221 5
2222
229 3
2164
1847
237 8
219.5
2945
255.0
223 9
2248
229 1
2204
1877
242 6
221.4
2908
256.3
226 3
227 1
230 5
222 8
1900
245 5
223.9
301 7
260.2
228 5
2299
234 1
2255
1916
248 4
224.8
476.9
455.1
281 9
637.0
545 4
176.4
164 5
1930
90 3
248 9
227 9
447 6
3198
298 9
3556
2213
243.4
2654
1849
2522
271 1
193 1
2920
284 1
257 4
221.0
250 6
2562
229.5
241 8
204 9
223 1
1728
124.2
112 5
1307
109 7
163.1
196 5
1948
197.4
2234
244.2
2688
186.6
2546
273 6
1956
292 8
291 9
259 6
226.7
253 2
255 0
231.7
242 7
205 9
223 1
173 1
124.7
112 7
1323
109 9
162.6
197 1
1956
198.2
229.3
2539
231.9
2364
r
2190
2146
1952
2478
228.5
r
224.0
2254
r
221 0
r
2229
r
239 6
r
260 6
302 9
1665
325.6
2233
r
508.0
r
459.3
r
290
5
r
677.5
r
5833
r
!83.4
166 5
1974
r
91 0
r
255
7
r
229 1
468 8
3476
290 0
3363
r
2276
r
248.4
r
2760
190.6
r
2589
r
284 6
1995
r
297 4
r
326 3
r
268 4
229.6
r
265 4
2554
237.4
245 5
r
2078
r
225 1
1752
127.0
114 6
1327
110 5
165.5
1990
1987
r
200.7
16
2995
r
267.3
r
232 2
r
2336
232 0
2320
198
1
r
255 0
r
228.4
r
236.9
2423
2205
223 3
1846
257 2
233.1
224.7
2297
221 2
223 1
239 5
265 4
183.4
168 7
1965
88 7
251 0
228 1
404 8
3403
294 8
3415
2297
249.1
2775
1942
2613
288 6
1999
300 2
336 5
272 6
231.1
266 2
262 2
238.9
247 5
210 9
231 2
268 2
251.6
256.0
310 7
1689
2999
2233
553.5
460.7
305 7
720.3
6579
184.6
169 7
1969
88 8
246 8
231 8
348 7
3110
295 7
3406
231 9
250.4
2784
195.9
264 1
286 3
2020
301 6
320 9
276 1
231.5
268 6
267 6
241.6
250 5
2127
231 2
258.1
258.3
316 8
1728
2982
2315
566.3
463.3
3104
730'.2
6773
183.1
170 2
1989
88 9
243 6
231 9
328 6
2976
275 2
310 1
2358
252.8
2829
1987
2699
284 6
2042
307 0
298 9
282 8
234.4
2730
264 0
246.5
253 6
214 6
231 3
176 5
127.1
117 3
1317
110 8
167.3
200 0
198 1
199.9
1789
129.4
118 9
1337
113 1
168.3
201 2
1988
200.8
180 6
130.7
122 1
136 1
114 5
169.1
201 6
2026
204.9
247.6
242.8
306 7
1677
3022
2233
533.0
458.7
299 5
719.8
6203
13
307 4
272.0
235 3
2373
230 9
238 2
2007
263 5
229.8
233.9
2336
2438
2190
1713
233 3
233.1
231.4
233 5
228 9
2252
224 8
271 2
261.1
258.3
324 8
171 8
2947
2368
571.9
464.8
316 4
744.8
680 6
184.1
172 1
2003
89 1
240 7
231 9
289 7
2904
271 6
3013
2370
254.9
2842
199.2
2726
281 9
2040
304 7
289 8
282 9
229.5
275 0
256 5
248.9
256 5
215 1
231 8
181 5
133.5
123 5
135 3
1152
169.7
202 6
201 1
203.1
14
05
03
3007
273.4
238 6
2412
233 4
2427
1999
271 9
231.6
2903
273.8
239 8
2412
226 8
246 0
2003
277 3
235.9
294 1
274.9
240 4
242 1
227 1
247 1
1997
279 7
2360
S-8
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
1979
Apr.
Annual
June 1980
May
June
July
Aug.
1980
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
COMMODITY PRICES—Continued
PRODUCER PRICES— Continued
(U.S. Department of Labor Indexes) — Continued
Seasonally Adjusted
By durability of product:
Total manufactures
Durable manufactures
Nondurable manufactures
Farm products
Processed foods and feeds
1967=100..
do
:
do....
do....
do
222.4
222.3
221.9
224.1
223.4
224.5
245.1
2228
0473
0.473
r
248.9
r
2429
r
245.5
2296
243.8
237 1
250.5
245.3
2297
0 442
0.440
0438
0.435
r
229.3
2268
231.3
231.9
2274
235.9
235.4
2299
241.0
238.8
2333
244.5
240.6
234.6
246.6
241.7
2215
226.0
2246
226.4
241.1
2188
242.9
2207
239.2
2208
241.3
225 1
240.4
2255
0471
0.467
0468
0.462
0463
0.457
0460
0.452
0453
0.448
0 446
0.444
253.0
2450
261.5
255.1
2450
265.2
255.7
2457
2662
256.8
2454
2690
0425
0.423
0420
0.417
0417
0.412
0415
0.408
16,471 15,544 16,755
238 13 199
12978 12
6,570 rr5,953 rr6,424
5 199
4664
4886
17,600
13659
6752
4713
254.9
( 33)
()
PURCHASING POWER OF THE DOLLAR
As measured by:
Producer prices jj
Consumer prices $
1967 — $100
do....
0514
0.512
0.461
0430
0.429
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE @
New construction (unadjusted), total
mil. $..
Private total #
do
Residential
.
. . . . . . . do
New housing units
do
Nonresidential buildings, except farm and
public utilities total #
.
.
mil. $
Industrial
do....
Commercial .
. . . . .do
Public utilities:
Telephone and telegraph
do
Public total #
do
Buildings (excluding military) #
do....
Housing and redevelopment
do
Industrial
do....
Military facilities
do....
Highways and streets
do....
New construction (seasonally adjusted at annual
rates) total
bil $
Private total #
do
Residential
do..
New housing units
do
Nonresidential buildings, except farm and
public utilities, total #
bil. $..
Industrial ....
. do
Commercial
do....
Public utilities:
Telephone and telegraph
do
Public total #
do
Buildings (excluding military) &
do
Housing and redevelopment
do
Industrial
do
Military facilities
do....
Highways and streets
do
CONSTRUCTION CONTRACTS
Construction contracts in 50 States (F.W. Dodge
Division, McGraw-Hill):
Valuation, total
mil. $..
Index (mo. data seas, adj.)
ft
1972=100..
Public ownership
mil. $..
Private ownership
do
By type of building:
Nonresidential
do....
Residential..
do
Non-building construction
do....
New construction planning
(Engineering News-Record) §
do
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total (private and public)
thous..
Inside SMSA's
do
Privately owned
do
One-family structures
do....
Seasonally adjusted at annual rates:
Total privately owned @ @
do....
One-family structures @ @
.. do
New private housing units authorized by building
permits (16,000 permit-issuing places):
Monthly data are seas. adj. at annual rates:
Total
thous..
One-family structures
do
Manufacturers' shipments of mobile homes
(Manufacfactured Housing Institute):
Unadjusted
Seasonally adjusted at annual rates
See footnotes at end of tables.
thous..
do....
206,224
160 403
93425
75808
226,887
17,150
13773
7673
5862
19,292
15 134
8481
6453
20,636
16 180
9,121
7 133
21,294
178 167
97,575
77 170
16463
9278
7405
21,965
16883
9440
7589
21,794
16621
9,311
7497
22,231
17059
9,248
7446
20,677
16205
8,734
7000
18,569
14884
7,451
5818
36293
10,994
18565
46,005
14,423
24,233
3423
1,145
1699
3715
1,209
1918
3,986
1,247
2,116
4 172
1,344
2 187
4,272
1,236
2358
4,256
1,232
2,359
4,563
1,337
2,521
4,397
1,291
2,405
4,290
1,300
2,327
3,952
1,142
2,167
5418
45 821
6,320
48720
15,741
1200
1,409
1,631
11,524
453
3377
1,199
87
115
102
622
529
558
4456
1,372
100
128
149
1,118
541
628
5083
1,430
103
130
153
1,481
578
3685
1,290
111
106
144
709
481
3493
15,235
1053
1,183
1,498
10,709
4 159
1,332
103
130
138
996
159,930
174
39,013
120 917
1,460
121
124
134
1,305
548
674
5 173
5 173
1,547
103
158
157
1,450
1,401
109
101
132
1,694
602
4472
1,380
108
102
155
1,081
230.1
232.9
238.7
237.7
242.0
180.5
182.0
185.9
185.8
189.9
96.9
111
97.4
783
99.4
79 1
100.7
783
101.1
778
102.0
78.8
250.0
190.6
99.7
77.7
46.8
14.7
24.8
47.8
155
24.8
47.1
13.8
25.8
46.7
13.7
25.7
49.5
15.0
26.7
49.7
15.0
269
52.3
15.2
28.9
55.4
15.6
30.7
2243
1719
95.7
760
95.2
757
42.6
14.0
21.5
45.2
14.5
23.6
178.3
r
1,300
114
139
138
568
2309
1800
96.9
111
2234
175.0
2164
4831
3,817
1,094
2,110
495
3306
1,267
115
102
139
525
r
243.0
186.7
r
3,969
1,113
r
2,209
4,049
1,071
2,313
553
3557
3941
1,302
126
119
145
r
573
1,403
128
110
141
812
r
229.9
221.7
176.1
169.4
r
97.7
75.8
r
89.8
67.7
83.1
609
53.2
15.3
29.5
r
51.6
14.2
r
29.1
50.5
13.1
29.1
r
6.6
53.7
523
17.4
16
1.4
1.8
12.9
17.9
17
1.3
1.8
12.9
r
56
61
61
65
68
65
70
67
71
75
445
484
460
510
497
509
528
519
52.1
59.4
152
1i
13
1.3
9.9
157
12
1.5
1.5
11.7
155
1i
1.4
1.8
10.3
164
14
16
1.5
11 2
154
1i
1.6
1.9
11.5
17.0
10
1.9
1.7
12.3
15.5
12
1.2
1.8
14.5
16.5
12
1.3
1.7
11.9
16.8
16
1.2
1.7
12.5
17.4
18
1.7
1.8
15.6
76
56.3
18.0
17
1.3
1.8
15.2
166,378 16,786 16,425
202
178
'183
4,947
46,558 r r3,527
119819 !3 258 11478
15,645
177
4,448
11 197
14,715
181
4,096
10619
14,472
163
3,751
10721
13,279
185
3,607
9673
14,188
171
3,807
10381
10,751
156
3,091
7,659
10,513
183
2,922
7,592
11,080
190
3,480
7600
10,394
171
3,134
7,260
11,286
155
3,287
7,999
11,071
130
3,724
7348
r
45,046
74949
39,935
49,659
74686
42,033
r
4,291
r
7 185
r
5,310
4,553
8076
3,796
5,056
7277
3,313
4,510
7008
3,198
4,515
7069
2,889
4,471
6248
2,560
4,869
6864
2,455
3,849
4,717
2,185
3,559
4,304
2,651
4,352
4,100
2,628
3,635
4,337
2,422
4,272
4,584
2,429
4,063
4373
2,635
112 069
135 004
11070
14357
9258
7507
10343
8007
10823
14,972
13,222
17,164
12,564
12,750
12397
2,023.3
2
8332
20203
1,433.3
1,749.1
161.3
189.1
192.0
165.0
171.4
163.8
169.0
119.2
91.8
73.4
80.6
86.1
r
1 745 1
1,194.1
1,800
1 182
'1,552
r
966
275.9
276.9
13057
97.6
92.3
1610
121.2
189 1
131.2
191 8
134.5
1642
117.8
1703
119.4
1637
105.7
1690
107.9
1187
72.0
91.6
57.8
73.1
49.3
79.9
49.9
85 1
51.7
r
972
r
61.8
91 9
63.4
1,750
1,273
1,801
1 229
1,910
1276
1,764
1 222
1,788
1 237
1,874
1 237
1,710
1 139
1,522
980
1,548
1,055
1,419
1,002
1,330
786
1,041
r
617
1,039
r
631
920
616
1,287
r
773
1,247
r
776
1,271
r
780
1,168
r
708
r
968
r
556
•789
r
473
806
489
19.8
251
14.6
241
18.1
276
18.8
270
19.2
226
18.2
201
r
l,548
1044
24.8
277
r
l,648
1052
1,639
1028
27.7
282
26.3
283
1,622
1,563
1 015 1 Oil
22.4
295
29.0
281
1,695
1,478
r
1 996
905
23.6
270
27.2
287
S-9
SURVEY OF CURRENT BUSINESS
June 1980
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
Apr.
Annual
1980
1979
1979
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES
Dept of Commerce composite
1972—100
1757
1993
1922
1964
1978
1997
2026
2038
2064
2076
2075
2076
209.7
2092
207.3
American Appraisal Co., The:
Average, 30 cities
Atlanta
.. .
New York
San Francisco
.
St. Louis
1913—100..
do .
do....
do ..
do....
2,173
2322
2,222
2263
2,071
2,357
2506
2,431
2498
2,424
2,291
2446
2,360
2428
2,173
2,325
2467
2,375
2449
2,235
2355
2477
2386
2460
2251
2,377
2483
2,446
2500
2,255
2,401
2522
2,488
2535
2,285
2,410
2532
2,494
2545
2,292
2,442
2626
2,498
2634
2,302
2,440
2617
2,546
2631
2,303
2,425
2600
2,534
2612
2,289
2,423
2594
2,531
2605
2,284
2,435
2,606
2,535
2,617
2,289
2,432
2,600
2,533
2610
2,286
2,418
2,561
2,510
2,609
2,261
Boeckh indexes:
Average, 20 cities: @
Apartments, hotels, office buildings 1972=100..
Commercial and factory buildings
do....
Residences
..
.
do
158.2
164.3
1618
170.5
179.0
1766
Engineering News-Record:
Building
Construction
1967 = 100..
do....
247.7
2584
269.3
2795
Federal Highway Adm. — Highway construction:
Composite (avg. for year or qtr.)
1967—100..
264.9
308.3
1947-49—100..
do...
do
158.6
1966
2252
165.6
191 2
225 2
162.8
1978
214 4
197.6
2043
2670
175.4
1917
287 9
169.2
1797
270 9
189.1
211 3
301 4
159.8
191 3
257 8
r
!76.4
r
2166
r
296 1
146.6
1786
227 1
139.4
1523
174 7
Mortgage applications for new home construction:
FHA net applications
thous. units..
Seasonally adjusted annual rates
do
118.8
133.8
12.2
140
15.2
140
11.6
130
11.5
130
13.4
148
11.3
144
12.3
133
10.0
130
5.9
92
8.2
127
8.9
118
9.9
117
10.0
109
12.3
119
1927
216 1
188
200
195
207
194
221
200
231
214
228
184
244
196
211
142
188
130
215
152
208
166
207
157
180
149
152
148
165
1,045.24 1,453.98 1,530.82 1,521.04 1,578.30 1,641.58 1,993.88 1,807.96 1,283.52 2,085.53 1,401.68 1,287.33 1,367.96
1,074.90 1,082.49 1,096.35 1,423.50 1,695.20 1,910.07 1,099.57 1,390.96 1,530.52 1,956.35 1,301.10 1,252.31 1,148.69
926.69
848.02
CONSTRUCTION
.
169.3
178.3
1739
259.2
2688
259.9
2692
267.5
2776
270.4
2839
176.9
185.9
1822
174.0
182.9
1808
172.3
181.5
1792
273.9
2860
294.9
281.1
2904
281.1
290.6
281.5
2916
328.8
178.5
188.2
1825
282.6
2924
280.9
2915
2,430
2,563
2,509
2,607
2,259
183.1
191.7
1850
179.9
189.3
1827
280.7
291.8
283.9
294 1
282.6
293.3
'279.9
292.2
J
336.9
352.1
MATERIALS
Output indexes:
Iron and steel products
Lumber and wood products
Portland cement
REAL ESTATE j|
Requests for VA appraisals
Seasonally adjusted annual rates
do...
do
Home mortgages insured or guaranteed by:
Fed. Hous. Adm.: Face amount
mil. $.. 11,139.97 18,166.74
Vet. Adm.: Face amount §
do.... 14,470.40 16,505.50
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $..
32,670
New mortgage loans of all savings and loan
associations, estimated total
mil. $.. 110,294
By purpose of loan:
Home construction
do..
22495
Home purchase
do
68380
All other purposes
do....
19,419
41,838
33,149
33,802
35,071
36,188
36,922
38,596
40,398
40,884
41,838
41,733
41,802
44,122
44,660
100,546
8,648
10,400
10,937
9,398
9,943
8,532
9,626
7,615
5,372
4,117
4,345
r
5,724
4,530
20583
62 740
17.223
1877
5279
1,492
2 153
6 546
1.701
2 132
7 055
1.750
1896
5 987
1.515
1947
6 460
1.536
1 701
5 371
1.460
1 844
6 100
1.682
1 469
4 854
1.292
1 170
3 187
1.015
982
2 316
819
928
2 544
873
r
l 119
r
976
2 742
'812
3 548
1.057
DOMESTIC TRADE
ADVERTISING
McCann-Erickson national advertising index,
seasonally adjusted:
Combined index
1967—100
Network TV
do....
Spot TV
.
do
Magazines
do....
Newspapers
do
241
269
263
209
214
274
312
293
235
246
r
266
r
296
r
295
r
223
r
r
268
r
305
r
297
r
228
r
r
273
r
292
r
310
r
240
r
r
279
r
303
r
301
r
240
r
r
295
r
327
r
312
r
259
r
r
286
r
347
r
293
r
235
r
r
281
r
333
r
320
r
222
r
r
291
r
332
r
305
r
255
r
r
287
r
341
r
257
278
249
260
289
311
300
260
278
300
338
301
263
288
295
332
293
266
274
2,364.8
858
2208
46.3
221 9
186.7
2,671.1
923
2237
46.6
2690
200.7
250.6
112
250
4.8
254
15.2
244.6
75
223
4.6
273
15.5
216.6
51
180
3.8
260
17.9
175.1
47
157
2.8
193
15.3
167.2
60
11 7
2.7
227
12.9
234.4
123
79
5.7
266
14.4
277.9
105
226
7.1
23 1
19.7
303.3
103
284
5.5
243
27.7
246.0
76
204
2.0
193
18.1
172.6
53
143
1.7
154
10.6
217.4
47
200
3.0
204
19.7
255.7
100
243
4.0
216
19.5
261.3
132
20.2
6.2
254
18.8
do
do....
do....
do....
do
do....
1928
148.8
58.4
374
2030
962.8
236 1
130.8
69.9
357
2812
1,085.2
198
13.5
6.0
36
228
103.3
190
15.0
6.3
34
215
102.1
222
10.4
5.5
38
224
81.2
182
7.2
3.7
23
232
62.7
130
6.5
4.6
22
227
62.1
17 1
13.0
7.1
22
28 1
100.0
250
14.9
7.6
25
278
117.0
276
18.2
8.5
38
288
120.2
35 1
9.7
5.9
22
288
96.9
120
5.1
4.8
2.7
23.6
77.1
152
7.4
5.8
2.3
23 1
95.9
195
11.2
6.7
2.6
27 1
109.2
203
14.9
7.1
3.1
244
107.7
Newspaper advertising expenditures (64 cities): $
Total
mil $
Automotive
do....
Classified
. .
.
do..
Financial
do
General
do....
Retail
do..
WHOLESALE TRADE
66658
150.6
18924
2028
827.1
35929
75290
193.0
2201 7
2368
937.8
39598
6844
19.6
2034
234
86.9
351 1
6822
18.2
1944
186
88.7
3624
641 1
18.0
1910
215
83.3
3273
6000
17.2
1967
252
63.8
297 1
5646
14.4
187 1
118
57.4
2940
5957
13.3
1942
157
72.3
3002
6128
14.3
1868
194
76.2
3160
753 1
18.0
1762
226
101.8
434.5
674 1
11.1
1476
22 1
75.1
418.2
6004
16.7
184.6
286
86.4
284.2
6365
18.2
190.0
209
91.6
316.0
7437
17.3
2139
256
104.4
382.4
6694
15.5
177.7
300
101.3
344.9
Merchant wholesalers sales (unadj ) total
Durable goods establishments
Nondurable goods establishments
754 105
349,916
404 189
883 334
404,288
479 046
70768
33,429
37339
76814
35,723
41 091
74361
34,447
39914
73537
33,750
39787
78567
37,048
41519
73213
33,616
39597
81820
37,935
43885
79079
34,711
44368
75396
32,515
42881
77 104
33,579
43525
75746
33,949
41 797
r
80 597
r
36,170
r
79471
35,383
44088
80,922
51646
29.276
89,997
56 470
33.527
85,345
54 731
30,614
85,199
55566
29.633
84,942
55 523
29.419
86,829
56602
30,227
86,890
56803
30.087
87,061
56361
30.700
88,839
56620
32.219
89,632
56241
33.391
89,997
56470
33,527
91,477
57268
34,209
92,854
58463
34,390
r
93,745
r
59 460
r
93,041
60244
32.797
Magazine advertising (general and natl. farm
magazines):
Cost, total
mil. $..
Apparel and accessories
do
Automotive incl accessories
.
do..
Building materials
do....
Drugs and toiletries
.
do.. .
Foods, soft drinks, confectionery
do....
Beer wine liquors
Houshold equip., supplies, furnishings
Industrial materials
Soaps cleansers etc
Smoking materials
All other
mil $
do....
do
Merchant wholesalers inventories, book value,
end of year or month (unadj.), total
mil. $..
Durable goods establishments
do
Nondurable eoods establishments
do....
See footnotes at end of tables.
321-149 0 - 80 - S2
242
229
244
267
274
247
230
44 427
34,285
43,366
S-10
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
June 1980
1980
1979
Apr.
Annual
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
76,594
79,012
91,542
69,449
69,575
r
r
Apr.
May
DOMESTIC TRADE—Continued
RETAIL TRADE
All retail stores: t
Estimated sales (unadj ) total T .
mil $
Durable goods stores #
...
do .
Building materials, hardware, garden supply,
and mobile home dealers #
mil. $..
Building materials and supply stores .. do....
Hardware stores
do
800 890
886,047
70747
75002
75046
72273
78088
72,730
281 491
308,156
26 100
27697
27071
25,793
28091
25,095
26,740
25,366
26,785
22,707
23,044
45,892
31,645
7 177
52,239
35,102
8993
4,251
2,742
756
4,882
3,132
861
5,027
3,350
849
4,833
3,342
776
5,234
3,586
823
4,756
3,274
781
5,073
3,531
808
4,431
3,059
775
4,018
2,580
868
3,400
2,315
593
3,335
2,195
577
14,712 16078 13,883 15,019
13,309 14,572 12,482 13,484
1 403 1 506 1 401 1535
13,584
12,109
1475
16083 16566 15571
14,729 15,165 14,110
1 354 1 401 1 461
12,735 13,366 13,754
11,266 12,055 12,508
1 469 1 311 1246
74,942
24,366
r
73,978
1
77,249
r
23,731 '23,629
r
3,683
r
2,385
r
r
3,986
2,576
738
653
'4,262
14,444 13,552 12,807
13,060 11,989
1384
1563
Automotive dealers $
Motor vehicle dealers
do
do....
168 035
153,917
14 188
177 714
161,277
16 437
Furniture, home furn., and equip #
Furniture, home furnishings stores
Household appliance, radio, TV
do....
do....
do....
36,719
23,175
10,476
41,868
26,726
12,119
3,124
2,073
848
3,354
2,208
942
3,531
2,271
1,041
3,507
2,251
1,028
3,806
2,446
1,097
3,503
2,197
1,041
3,686
2,341
1,080
3,872
2,482
1,104
4,414
2,552
1,411
3,317
2,105
938
3,251
2,086
906
do ..
do....
do .
do
519 399
101,240
81,850
7359
577,891
110,233
2
89 127
7914
44647
8,301
6708
623
47,305
8,860
7,157
633
47,975
8,677
7,020
628
46,480
8,147
6,595
588
49,997
9,165
7,405
664
47,635
8,753
7,105
611
49,854
9,410
7,623
658
53,646
11,575
9,367
743
64,757
17,196
13,930
1,283
46,742
6,817
5,488
513
46,531
6,911
5,571
517
Food stores
Grocery stores
Gasoline service stations
do....
do ..
do....
171,997
160 506
59,270
191,326
177 703
71,894
14,854
13690
5,464
16,055
14,891
5,915
16,776
15,608
6,134
15,977
14,832
6,215
16,560
15,449
6,673
15,905
14,839
6,380
16,067
14,974
6,669
16,598
15,504
6,632
17,937
16,496
6,766
16,349
15,204
6,675
16,146 17,118 16,734 18,408
15,002 15,877
15,843
17,095
r
6,702 r7,284
7,415 1 7,834
Apparel and accessory stores #
Men's and boys' clothing
do....
do ..
39,413
8 127
43,028
8772
3,395
661
3,336
666
3,312
698
3,149
628
3,795
695
3,506
647
3,707
710
4,107
855
6,131
1,410
3,061
604
2,796
538
r
Women's clothing, spec, stores, furriers do....
Shoe stores
do....
14,751
6,387
15,802
7,127
1,258
626
1,255
563
1,209
552
1,169
510
1,361
649
1,309
631
1,396
660
1,507
661
2,157
853
1,112
540
1,046
462
1,254
r
599
1,310
662
5,871
2,329
1,258
r
6,482
r
r
6,602
r
Nondurable goods stores
.. .
General merch. group stores
Department stores
Variety stores
Eating and drinking places
Drug and proprietary stores
do....
... do ..
Mail order houses (dent store mdse ) 8
do
69,145
24,787
13764
7 050
75,139
27,174
15595
6,131
2,153
1 122
6,377
2,237
1209
6,567
2,211
1334
6,597
2,197
1,360
6,916
2,287
1368
6,392
2,143
1,297
6,407
2,263
1,283
6,335
2,335
1,375
6,630
3,127
1,974
6,023
2,326
1,294
r
3,392
r
2,176
r
r
3,299
2,127
921
945
r
50,576
r
8,350
r
6,770
r
610
r
50,247
'53,620
r
8,624 '9,291
r
6,956 '7,526
659
r
3,546
642
3,351
r
614
2,364
1,301
2,390
1,310
'3,661
'7,011
'2,494
(2)
do....
71,606
72,292
72,093
73,121
74,871
76,666
75,583
76,421
77,150
79,464
77,993
r
r
Durable goods stores #
do....
Building materials, hardware, garden supply,
and mobile home dealers #
mil. $..
Building materials and supply stores do
Hardware stores
... do. ..
25,129
25,319
24,718
25,247
26,137
27,048
25,656
25,679
25,943
27,268
26,369
r
r
4,185
2804
735
4,298
2884
750
4,376
2949
747
4,408
2,965
754
4,537
3,003
804
4,523
3,020
787
4,505
3,023
768
4,451
3,011
758
4,487
3,060
754
4,679
3,180
788
4,370
2,862
756
Estimated sales (seas, adj.), total t
'3,420
76,534
24,296
74,774 '73,658
22,701 '21,723
r
4,076
r
2,698
r
r
3,842
2,573
695
716
'3,745
15,045 13,488 12,258 11,425
13,537 12,070 10,752
1,418
1,506
1,508
Automotive dealers
Motor vehicle dealers
Auto and home supply stores
do
do
do....
14,740
13439
1,301
14,708
13,361
1,347
13,847
12,487
1,360
14,241
12,871
1,370
14,935
13,518
1,417
15,726
14,298
1,428
14,435
12,990
1,445
14,518
13,105
1,413
14,618
13,192
1,426
15,691
14,182
1,509
Furniture home furn and equip $
Furniture, home furnishings stores
Household appliance radio TV
do
do....
do
3320
2,135
955
3392
2,178
982
3499
2,220
1034
3,579
2,281
1,049
3665
2,316
1078
3,644
2,315
1,067
3,621
2,297
1,061
3,570
2,271
1,031
3,568
2,277
1,022
3,733
2,363
1,068
3,620
2,300
1,016
do
do....
do
46477
8,832
7 151
649
46,973
9,010
7,296
650
47,375
8,895
7,193
650
47,874
9,053
7,385
647
48,734
9,275
7,518
665
49,618
9,414
7,599
685
49,927
9,454
7,638
676
50,742
9,671
7,819
683
51,207
9,636
7,700
679
52,196
9,709
7,851
726
51,624
9,426
7,674
682
15547
14395
5587
15 662
14,542
5726
15951
14,822
5853
15927
14,788
5,919
15955
14,841
6236
16,364
15,235
6,419
16,409
15,311
6,570
16,566
15,442
6,672
16,872
15,666
6,752
16,997
15,739
7,056
16,749 17,228 17,306 17,200
15,514 16,005
16,045 15,947
7,285 r7,502 r7,520 '7,518
Nondurable goods stores
General merch. group stores
Department stores
Food stores
Grocery stores
Gasoline service stations
do
do
do
Apparel and accessory stores #
do
W
OT
,'
1 th' 5>
e n
P
stores' furriers do
Eating and drinking places
Drug and proprietary stores
do....
do
M l
do
d
ho ses (dent store mdse } 8
Estimated inventories, end of year or month: t
Book value (unadjusted) total
mil $
Building materials and supply stores .. do....
Automotive dealers
do
ods stor
p
1
#
h
t
do
P
Deoartment stores
Food stores
ppare an accessory s ores
Durable goods stores #
do
Nondurable oods stores #
C
1
ch ero n torps
,
,
' "^
d
do
do
o....
do ..
Automotive dealers
y.
"
do
do
1
F H t
Apparel and accessory stores
do
do....
Firms with 11 or more stores:
1
h d'
Department stores
t
Miscellaneous general stores
See footnotes at end of tables.
3438
681
1 320
563
3543
732
1 317
580
3520
730
1 303
582
3,637
752
1333
593
3709
761
1 344
608
3,654
754
1316
602
3,640
736
1316
624
3,650
722
1 335
614
3,630
719
1324
612
3,793
696
1420
649
6,180
2220
1 238
6,027
2244
1 243
6,081
2242
1289
6,120
2289
1,320
6,181
2305
1,335
6,285
2,319
1,358
6,413
2,314
1,319
6,572
2,368
1,340
6,690
2,313
1,395
6,860
2,464
1,460
99342
49815
8,288
25530
7614
49 527
17766
13 160
10'209
8 328
101 538
50 100
8 651
25*178
7699
51438
19 437
14336
10098
8,666
296 593
22 828
20546
3,146
22568
3',338
1722
288
H
do
250 097
88 404
76934
5830
5',640
274 025
95 933
83*857
6258
5,818
21 106
7 211
6314
492
405
do...
r
52,238
'9,288
r
7,564
r
667
24 366
23 186
25 260
24 156
25479
28469
36 190
22 164
1925
293
1943
301
1872
283
1942
295
1843
268
2,004
306
2,122
304
2,867
295
1,517
244
22 281
7 686
6,731
501
454
22 423
7 553
6,611
501
441
21 314
7 091
6,217
462
412
23318
7 958
6,981
518
459
22313
7 601
6,686
469
446
23475
8 166
7,167
501
498
26347
10 120
8,811
590
719
33323
15073
13,068
1,041
964
20,647
5879
5,161
387
331
24 206
r
'3,441
r
52,073
'51,935
r
9,196 '9,264
r
7,448 '7,511
686
r
3,611
r
674
1401
r
625
r
3,678
'3,763
6,634
2,439
1,425
r
6,692
r
r
6,689
r
'6,510
'2,484
2,422
1,399
22 209
24936
1,492
r
230
1,682
262
20,717
r
5997
r
5,245
r
405
r
347
23,254
7295
6,377
485
433
r
3,424
2,140
998
3,671
r
707
!326
r
608
r
109,680
106 463 105811 107 147 107 857 108,990 107 542 108,018 113,442 115,774 106,463 105,028 106,677
r
53,537
52765 54 156 55352 55631 55889 52947 51 537 53,398 54,693 52,765 51,928 52,614
r
9,374
8,678
9,150
8,987
8,981
8,968
8,852
9,021
8,988
8,678
9,037
9,078
9,060
r
26679 28410 29573 29589 29,805 26562 24,711 26,127 26,874 26,679 25,658 25,990 26,398
7,749
7,842
8047
8,219
8,269
7,835
7,736
7941
8248
7835
7888
7954
7921
r
53 698 51 655 51 795 52 226 53 101 54 595 56481 60044 61081 53698 53 100 54 063 56 143
19249 19487 19717 19856 20 119 20913 21938 23,378 23,859 19,249 19,253 19,803 21,128
14265 14 374 14 555 14 544 14653 15237 15963 17016 17652 14265 14 186 14,437 15,476
11,291
10,975 10,995
11 250 10543 10394 10353 10,483 10536 11,711 11,341 11,518 11,250
8944
8511 r8719
9 111
9 286
9 628 10096 10 177
8 759
8 882
8 944
8 688
8 729
717 108 919
108 862 104 500 106 160 107 372 109 799 110 181 108 748 110 415 110 383 108 862 108 436 108
r
52,122
53,087 52423 53,611 54,413 55,829 55,876 54,068 54,523 54,415 53,087 52,130 52,232
9066
9058
9 127
9 142
9088 r r9 114
9 070
9 012
9 087
9 058
8 779
8 917
8 723
26311 26853 27,952 28424 29,627 29,415 27,487 27,854 27,479 26,311 25,130 25,209 24,998
7,930
8,010
8,021
7,987
7,910
8079
8,005
8013
8 118
7930
7889
7896
7962
r
55775 52077 52549 52959 53970 54305 54,680 55,892 55,968 55,775 56,306 r56,485 56,797
21 071 19 627 19 873 20 100 20382 20527 20704 20905 21015 21071 21 476 21 362 21 708
15539 14388 14584 14751 15013 15 101 15217 15 179 15,336 15,539 15,833 15,641 15,857
11,280
11 128 10585 10436 10343 10,600 10707 10,808 11,075 11,086 11,128 11,097 11,208
9,240
9,307
9,260
9,271 r9,266
9,113
9,170
9,049
9,307
8,971
9,036
8,811
8,956
^
do...
r
2,218
1,010
(2)
270 643
Arable ^oods Ifores* * ' ° *
Auto and home supply stores
r*
'(»)
r
3,515
r
2,441
1,449
SURVEY OF CURRENT BUSINESS
June 1980
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
S-ll
1980
1979
Apr.
Annual
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
222.17
222.35
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Firms with 11 or more stores—Continued
Estimated sales (unadjusted) —Continued
Nondurable goods stores—Continued
Food stores
Grocery stores
mil $
do
92737
91 700
102 496
101 270
7929
7 820
8530
8437
8924
8828
8360
8 263
8749
8 649
8460
8 364
8580
8480
8968
8864
9685
9526
r
8,607
r
8756
8658
9,129
9018
8497
Apparel and accessory stores #
Women's clothing, specialty stores,
furriers
Family clothing stores
Shoe stores
do....
13,227
14,285
1,179
1,096
1,094
999
1,311
1,190
1,235
1,396
2,111
890
r
861
1,115
mil. $..
do
do....
5,464
3221
3,129
5876
3455
3,420
483
262
315
464
262
262
457
261
261
432
241
229
528
327
321
481
284
305
507
295
304
571
346
320
856
557
421
350
204
243
354
198
r
219
462
243
301
Eating places
Drug stores and proprietary stores ..
do
do
13758
11 971
15 165
13720
1 247
1079
1 314
1 124
1 312
1 103
1 323
1 102
1 381
1 138
1 214 1204
1 150 1 140
1383
1,169
Estimated sales (sea. adj.), total #
Auto and home supply stores
Department stores
Variety stores
Grocery stores
do....
do
do .
do
do
Apparel and accessory stores
Women's clothing, spec, stores, furriers.,
Shoe stores
Drug stores and proprietary stores
do ..
do....
do....
do
All retail stores, accts, receivable, end of yr. or mo.:
Total (unadjusted)
mil $..
Durable goods stores
do
Nondurable goods stores
do....
Charge accounts
Installment accounts
..
..
Total (seasonally adjusted)
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
23884
269
6746
521
8249
1 142
493
266
1 118
24310
280
6868
520
8387
1 162
486
281
1 137
24351
270
6774
522
8472
1 161
489
279
1 127
24552
272
6923
513
8449
1 199
499
287
1 153
24963
278
7052
526
8463
1237
493
297
1 167
1279
1076
25408
284
7 151
531
8614
1 189
475
289
1 180
1 310
1 117
25398
286
7 196
520
8627
1 204
486
295
1 176
1286
1208
25780
286
7361
531
8665
1221
495
289
1 244
1 322
1 736
26,086
281
7292
530
8903
26,268
296
7352
565
8808
1210
493
284
1 148
1245
510
318
1246
r
25,799
r
292
r
7205
r
540
r
8724
26,060
272
7 157
530
9009
1 228
504
r
298
1234
1 186
495
301
1210
37316
10903
26,413
40387
11391
28996
34894
10612
24,282
35357
10958
24399
35372
11073
24299
35272
11 253
24019
35806
11 340
24466
36 136
11353
24783
37 108
11 694
25414
37833
11376
26457
40387
11 391
38960 r37 935
10990 10 730
27970 r27 205
36945
10490
26455
do....
do
11,599
25717
11,124
23770
11357
24000
11,441
23913
11299
23973
11 439
24367
11652
24484
12 172
24936
12023
25810
12,268
28 119
11,744 11,683
27216 r26 252
11,342
25603
do....
do....
do....
34,843
10,823
24,020
12,268
28 119
37437
11,194
26243
35347
10,747
24,600
35446
10,864
24582
35555
10,783
24772
36 103
11,081
25022
36558
11,140
25418
36710
11,062
25648
37404
11,365
26039
37533
11,224
26309
37437
11,194
26243
38070 r38 063
11,463 11,321
26607 26742
37452
10,927
26525
do....
do....
11,331
23.512
11,743
25.694
10,989
24.358
10919
24.527
11,174
24.381
11519
24.584
11 790
24.768
11 872
24.838
12 183
25.221
11970
25.563
11 743
25.694
11956 11913
26.114 r26.150
11300
26.152
221.55
221.72
222.00
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas $
mil..
'218.72
'220.58
Labor force, total (including armed forces), persons
16 years of age and over
thous..
Civilian labor force
do....
Employed, total
do....
Agriculture
do....
Nonagricultural industries
.
do
Unemployed
do....
102,537
100,420
94,373
3,342
91031
6,047
104,996 103,318 103,551 106,229 107,077 106,453 105,465 106,032 105,811 105,973 105,269 105,343 105,441 105,504 106,116
102,908 101,236 101,473 104,153 104 995 104 363 103 375 103 939 103 719 103 884 103 188 103 257 103 351 103 412 104 028
96,945 95,675 96,220 97,917 98,891 98,226 97,576 98,158 97,943 98,047 96,145 96,264 96,546 96,566 96,709
3,297
3257
3,074
3,309
2,995
2,782
2836
2,962
3467
3795
3545
3857
3,785
3081
3436
93648 92601 92911 94 132 95034 94 431 94030 94691 94686 95052 93363 93428 93584 93485 93273
5963
7043
6993
6805
5,561
5253
6235
5776
5836
6846
7318
5781
6 137
5798
6 104
1,379
102,198 102,398 102,476 103 093 103,128 103 494 103,595 103,652 103,999 104,229 104,260 104,094 104,419 105,142
96254 96495 96652 97 184 97004 97504 97474 97608 97912 97804 97953 97656 97 154 96988
3,359
3,326
3,358
3,379
3,246
3,385
3,270
3,242
3,294
3,315
3,267
3,215
3,243
3,364
93039 93249 93409 93917 93689 94 140 94 180 94223 94553 94534 94626 94298 93912 93609
6,087
6,307
5903
6044
6,425
6,438
7,265
8 154
5990
5909
5,944
5,824
6 121
6 124
1,230
1,286
1,363
1,202
1,191
1,334
1,629
1,722
1,067
1,195
1,223
1,212
1,152
1,185
1,152
220.10
220.25
220.42
220.58
220.78
220.99
221.18
221.36
221.87
LABOR FORCE
Not Seasonally Adjusted
Seasonally Adjusted H
Civilian labor force
Employed total
Agriculture
Nonagricultural industries
do....
do
do....
do
Unemployed
do....
Long-term, 15 weeks and over
do....
Rates (unemployed in each group as percent
of total in the group):
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16—19 years
White ..
Black and other
Married men, wife present
Occupation:
White-collar workers
Blue-collar workers
Industry of last job (nonagricultural):
Private wage and salary workers
Construction
Manufacturing
Durable goods
6.0
42
6.0
16.3
52
11.9
2.8
5.8
41
5.7
16.1
51
11.3
2.7
5.8
40
5.7
16.3
50
11.7
2.7
5.8
39
5.7
16.5
50
11.5
2.5
5.7
40
5.7
15.4
49
11.2
2.7
5.7
41
5.5
15.8
50
11.0
2.8
5.9
42
5.9
16.6
53
11.0
2.9
5.8
42
5.5
16.2
51
10.8
2.9
5.9
42
5.7
16.4
51
11.5
2.9
5.8
43
5.6
15.9
51
10.9
2.9
5.9
42
5.7
16.0
51
11.3
2.8
6.2
47
5.8
16.3
54
11.8
3.4
6.0
46
5.7
16.5
53
11.5
3.1
6.2
4.9
5.7
15.9
54
11.8
3.4
7.0
59
6.3
16.2
62
12.6
4.1
7.8
66
6.6
19.2
69
13.9
4.7
3.5
69
3.3
69
3.3
69
3.2
68
3.4
66
33
68
35
73
3.3
71
3.4
72
3.2
7.5
3.3
72
3.4
8.0
3.4
7.7
3.3
8.0
3.7
97
3.9
11.3
5.9
106
55
4.9
5.7
102
55
5.0
5.7
105
53
4.7
5.7
100
54
4.4
5.6
100
54
4.9
5.7
100
57
5.4
6.0
10 1
59
5.4
5.8
96
60
5.3
5.9
99
60
5.5
5.8
102
59
5.6
5.8
103
59
5.5
6.2
10.8
67
6.7
6.0
10.5
64
6.3
6.2
13.0
65
6.4
7.1
15.1
79
8.3
8.2
17.5
99
10.5
86,446
70,970
89,497
73,884
88,820
72,995
89,671
73,813
90,541
74,778
89,618
74,598
89,673
74,742
90,211
72,919
90,678
74,915
90,902
74,974
91,009
75,094
89,285
73,555
89,417
73,423
r
89,960
73,814
r
90,295
r
P
90,606
P
86,446
70,970
50,494
25,597
851
4.271
89,497
73,884
52,905
26,579
958
4.642
89,036
73,472
52,406
26,565
940
4.559
89,398
73,800
52,741
26,651
944
4.648
89,626
73,989
52,926
26,674
949
4.662
89,713
74,078
52,999
26,723
956
4.688
89,762
74,063
53,106
26,599
968
4.674
89,803
74,130
53,181
26,593
973
4.671
89,982
74,308
53,409
26,572
979
4.694
90,100
74,407
53,571
26,533
983
4.714
90,241
74,545
53,664
26,655
991
4.783
90,652
74,946
54,056
26,783
1,000
4.893
90,845
75,077
54,185
26,732
1,009
4.831
r
90,819
r
74,967
r
54,078
r
r
90,508
r
74,433
r
53,830
r
EMPLOYMENT t
Employees on payrolls of nonagricultural estab.:
Total, not adjusted for seasonal variation ....thous..
Private sector (excl. government)
do....
73,957
74,317
Seasonally Adjusted t
Total employees, nonagricultural payrolls
Private sector (excl. government)
Nonmanufacturing industries
Goods-producing
Mining
Construction
See footnotes at end of tables.
do....
do....
do....
do....
do
do....
26,600
1,011
r
4.700
"90,328
"74,302
"53,974
26,210 "26,963
"1,034
1,016
r
4.591 "4.601
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
June 1980
1979
1979
Annual
Apr.
May
June
July
Aug.
1980
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT t—Continued
Seasonally Adjusted t
Employees on nonag. payrolls—Continued
Goods-producing—Continued
Manufacturing
thous..
Durable goods
do....
Lumber and wood products
do....
Furniture and fixtures
.
do ..
Stone, clay and glass products
do....
Primary metal industries
do
Fabricated metal products §
do....
Machinery, except electrical
do....
Electric and electronic equipment @.... do....
Transportation equipment §
do....
Instruments and related products
do....
Miscellaneous manufacturing
do....
Nondurable goods
.
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
do
do....
do
do....
do....
do....
do
do....
do....
do....
do....
20,476
12,246
752
491
698
1213
1,673
2,319
2,000
1,992
654
454
8230
1,721
70
900
1,333
701
1 193
1,096
209
752
256
20,979 21,066 21,059
12,694 12,752 12,739
759
761
762
487
490
487
711
714
715
1 254 1 260 1,254
1,727
1,732
1,730
2,464
2,466
2,471
2,110
2,101
2,106
2,049
2,084
2,077
691
689
688
452
455
449
8,285
1,717
66
892
1,313
714
1 243
1,113
214
768
244
21,063
12,760
757
485
715
1257
1,737
2,484
2,124
2,057
693
451
21,079 20,957
12,786 12,714
753
752
484
488
710
711
1 256 1,245
1,714
1,730
2,492
2,500
2,092
2,131
2,079
2,073
695
694
451
450
20,949
12,737
758
480
708
1,236
1,716
2,496
2,117
2,086
692
448
20,899
12,650
760
482
709
1,226
1,723
2,455
2,125
2,025
696
449
20,836
12,587
751
483
704
1,223
1,726
2,434
2,125
1,994
694
449
20,881
12,615
740
483
706
1,208
1,725
2,444
2,140
2,019
698
452
20,890
12,601
737
484
708
1,208
1,712
2,512
2,149
1,938
700
453
20,892
12,655
740
481
709
1,210
1,724
2,511
2,147
1,980
703
450
8,314
1,728
69
892
1,325
717
1234
1,111
213
781
244
8,320
1,725
70
893
1,324
714
1,236
1,114
213
784
247
8,303
1,720
69
892
1,312
715
1,242
1,119
212
775
247
8,293
1,707
68
892
1,324
718
1,250
1,116
212
111
229
8,243
1,696
64
886
1,302
717
1,247
1,111
213
764
243
8,212
1,691
65
884
1,294
714
1,245
1,110
217
751
243
8,249
1,707
65
887
1,299
715
1,252
1,113
217
751
243
8,249
1,710
60
889
1,292
714
1,262
1,114
217
749
242
8,266
1,715
62
893
1,297
713
1,263
1,119
217
745
242
8,289
1,707
64
891
1,309
718
1,273
1,123
219
745
240
8,237
1,705
65
891
1,312
717
1,278
1,121
163
744
241
20,889 r20,603
!2,653
12,396
r
r
730
682
r
482
477
•703
687
1,205 1,189
1,723
1,687
r
r
2,513 r2,503
r
2,158
2,149
1,982
1,869
r
707
706
450
447
r
r
P
20,328
P
12,153
P
658
P
465
P
666
p
l 157
p
l,626
P
2,507
P
2,122
p
l,810
P
706
P
436
r
8,236
1,701
65
893
1,314
718
1,278
1,123
160
744
240
P
8,175
p
l,688
P
67
P
8,207
1,685
r
66
r
889
1,306
714
1,276
1,126
170
r
737
238
877
n,297
P
704
p
l,271
p
l,125
P
205
P
703
P
238
do
do....
do .
do....
do
do....
do
do....
do
do....
60,849
4,927
19,499
4,957
14,542
4,727
16220
15,476
2753
12,723
62,918
5,154
20,140
5,173
14,968
4,964
17,047
15,613
2773
12,840
62,471
5,024
20,088
5,138
14,950
4,915
16,880
15,564
2758
12,806
62,747
5,130
20,129
5,156
14,973
4,935
16,954
15,598
2,770
12,828
62,952
5,190
20,116
5,180
14,936
4,958
17,051
15,637
2,788
12,849
62,990
5,169
20,122
5,182
14,940
4,972
17,092
15,635
2,785
12,850
63,163
5,194
20,126
5,185
14,941
5,003
17,141
15,669
2,813
12,886
63,210
5,180
20,169
5,190
14,979
4,997
17,191
15,673
2,762
12,911
63,410
5,218
20,243
5,209
15,034
5,018
17,257
15,674
2,770
12,904
63,567
5,229
20,308
5,235
15,073
5,039
17,298
15,693
2,771
12,922
63,586
5,223
20,254
5,218
15,036
5,056
17,357
15,696
2,771
12,925
63,869
5,212
20,428
5,248
15,180
5,081
17,442
15,706
2,791
12,915
64,113
5,210
20,521
5,274
15,247
5,092
17,522
15,768
2,823
12,945
r
r
P
r
r
P
Production or nonsupervisory workers on private
nonagric. payrolls, not seas, adjusted
thous..
Manufacturing
. ... do ..
58,109
14,714
60,370
15,017
59,628
15,002
60,371
15,061
61,187
15,240
60,961
14,946
61,066
14,956
61,212
14,957
61,250
14,894
61,282
14,954
61,397
14,891
59,827
14,674
59,722
14,615
r
60,048 r60,165
14,662 14,398
P
60,456
P
58,109
18,740
638
3,388
14,714
8,786
645
404
555
953
1271
1,524
1,312
1,377
401
346
60,370
19,443
718
3,708
15,017
9,058
647
398
561
979
1,306
1,618
1,379
1,405
421
344
60,051
19,475
708
3,633
15,134
9,146
649
401
563
995
1314
1,625
1,384
1,446
423
346
60,326 60,495
19,542 19,537
709
708
3,722
3,732
15,112 15,096
9,119
9,123
646
649
397
395
565
564
987
991
1 310 1,316
1,628
1,632
1,384
1,393
1,417
1,438
424
421
341
344
60,544
19,560
713
3,757
15,090
9,124
643
398
560
988
1,309
1,641
1,395
1,426
422
342
60,474
19,419
723
3,731
14,965
9,056
640
395
557
973
1,293
1,631
1,363
1,438
422
344
60,528
19,416
730
3,729
14,957
9,066
646
392
557
970
1,295
1,637
1,375
1,433
420
341
60,668
19,371
733
3,744
14,894
8,972
649
394
557
960
1,298
1,601
1,380
1,371
421
341
60,746
19,314
733
3,752
14,829
8,908
639
394
553
954
1,300
1,591
1,376
1,342
418
341
60,841
19,421
739
3,817
14,865
8,931
627
394
554
943
1,298
1,590
1,371
1,371
421
345
61,142
19,507
746
3,913
14,848
8,894
623
395
556
942
1,286
1,642
1,397
1,280
422
345
61,271 r61,108 r60,581
19,444 19,271
18,880
r
r
752
752
760
r
3,866 r3,704
3,578
14,826 14,815
14,522
r
r
8,926
8,924
8,658
r
r
625
616
571
392
392
388
556
551
534
r
r
943
938
921
1,296
1,296
1,260
1,637
1,635
1,617
1,391
1,398
1,386
1,320
1,326
1,214
r
424
'429
427
r
342
343
340
P
60,400
P
18,608
P
770
P
3,612
P
14,226
P
8,393
P
542
P
375
P
515
P
885
p
l,200
p
l,618
p
l,351
p
l,151
P
422
P
do....
do
do....
do
do....
do....
do
do....
do....
do....
do....
5,928
1 171
55
784
1,145
526
672
628
136
589
219
5,959
1 177
52
111
1,122
542
702
637
140
602
208
5,909
1,160
49
770
1,108
545
705
634
139
594
205
5,891
1,153
52
769
1,104
543
703
635
140
585
207
5,922
1,169
52
772
1,109
543
708
637
140
585
207
5,921
1,171
46
776
1,102
542
715
638
141
585
205
5,934
1,180
48
778
1,106
542
713
641
142
580
204
5,954
1,175
50
779
1,117
544
720
643
142
581
203
P
5,833
p
l,154
P
52
P
763
p
l,106
P
533
P
710
P
642
P
132
P
539
P
do
do....
do....
do .
do....
do....
do....
39369
4,147
17,181
4,085
13,096
3,596
14,445
40927
4,316
17,702
4,250
13,453
3,773
15,136
40576
4,197
17,662
4221
13,441
3,743
14,974
40784
4,293
17,691
4237
13,454
3,756
15,044
40958
4,351
17,689
4,257
13,432
3,777
15,141
40984
4,337
17,681
4,255
13,426
3,788
15,182
41,055
4,345
17,676
4,256
13,420
3,808
15,226
41,112
4,334
17,721
4,259
13,462
3,794
15,260
41,297
4,370
17,789
4,279
13,510
3,804
15,334
41,432
4,380
17,848
4,295
13,553
3,814
15,390
41,420
4,368
17,802
4,289
13,513
3,824
15,426
41,635
4,350
17,947
4,305
13,642
3,840
15,498
r
5,900
5,891 r5,864
1,171
1,164
1,153
r
51
51
52
r
778
780
776
1,120
1,122
1,112
r
545
546
541
r
721
720
716
r
640
639
641
92
88
101
579
579
'571
r
203
202
201
r
r
41,827 41,837
41,701
r
4,355
4,358 r4,339
18,033 17,994
17,859
r
4,325
4,329 r4,288
13,708 13,665
13,571
3,858 r3,869
3,871
15,581 15,616 15,632
35.8
35.7
35.1
353
42.9
35.5
35.5
357
428
37.1
35.9
356
430
37.2
36.0
356
41 6
36.8
36.0
356
43.2
37.2
35.8
357
43.1
37.5
35.7
356
43.1
36.6
35.6
357
43.2
36.8
35.9
357
43.9
37.1
35.1
357
444
37.6
35.2
355
43.7
36.7
35.2
354
43.5
r
36.1
40.1
402
35
40.4
40 1
34
39.9
402
33
40.0
40 1
32
40.3
402
3.2
40.3
402
32
40.4
40 1
3.3
40.9
402
3.2
39.8
403
32
39.8
40 1
3.1
39.8
398
r
3.2
39.4
396
r
29
409
38
394
38.5
41.7
41.4
407
36
394
38.5
41.6
41.2
407
35
393
38.4
41.4
41.3
40.7
33
39.5
38.3
41.3
41.0
40.7
33
39.7
38.6
41.5
41.0
40.8
33
394
38.8
41.3
41.1
40.6
34
38.9
38.9
41.5
40.7
40.7
33
39.0
39.0
41.6
40.6
408
33
395
39.0
41.3
40.8
40.6
31
391
39.0
41.0
40.8
40.4
32
38.6
r
38.6
r
40.9
r
40.8
40.1
28
r
371
r
38.6
r
40.5
r
40.7
Service-producing
Transportation and public utilities
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Services
Government
Federal
State and local
64,219
r
5,213
20,499
r
5,278
15,221
r
5,107
17,548
15,852
r
2,886
12,966
64,298
r
5,189
20,349
r
5,238
15,111
r
5,107
17,578
16,075
r
3,112
12,963
64,365
P
5,187
20,371
P
5,227
P
15,144
P
5,131
P
17,650
P
16,026
P
3,026
P
13,000
14,175
Seasonally Adjusted t
Production or nonsupervisory workers on private
nonagricultural payrolls t
thous..
Goods-producing
do....
Mining
do
Construction
do....
Manufacturing
do....
Durable goods
do
Lumber and wood products
do
Furniture and fixtures
do....
Stone, clay, and glass products
do....
Primary metal industries
do....
Fabricated metal products §
do
Machinery, except electrical
do....
Electric and electronic equipment @.... do....
Transportation equipment §
do....
Instruments and related products
do....
Miscellaneous manufacturing
do....
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Service-producing
Transportation and public utilities
Wholesale and retail trade
Wholesale trade
.
Retail trade
Finance, insurance, and real estate
Services
5,988
1 187
56
111
1,131
543
696
636
140
614
208
5,993
1 184
56
778
1,133
541
700
636
139
616
210
5,973
1,181
55
111
1,122
541
701
640
139
607
210
5,966
1 170
54
778
1,130
547
707
639
138
609
194
329
202
41,800
P
4,342
P
17,875
P
4,276
p
13,599
P
3,890
P
15,693
P
AVERAGE HOURS PER WEEK f
Seasonally Adjusted
Avg. weekly hours per worker on private nonagric.
payrolls: H Not seasonally adjusted
hours..
Seasonally adjusted
do
Mining
.
do
Construction
do....
Manufacturing:
Not seasonally adjusted
do....
Seasonally adjusted
do
Overtime hours .. .. .
do
Durable goods
Overtime hours
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products
Primarv metal industries
See footnotes at end of tables.
do
do
do
do....
do....
do....
43.3
36.8
43.0
36.9
40.4
40.2
3.6
33
38.9
39 1
27
41.1
38
39.8
39.3
41.6
41.8
408
35
395
38.6
41.5
41.4
39.5
27
39 1
38.1
41.2
41.8
r
35.0
353
r
43.2
r
36.5
P
35.0
P
35 1
P
428
P
36.8
P
39.4
P
394
P
29
P
398
P
26
P
37 1
P
37.5
"40.7
P
39.8
SURVEY OF CURRENT BUSINESS
June 1980
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
1980
1979
Apr.
Annual
S-13
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
r
P
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
AVERAGE HOURS PER WEEK t— Cont.
Seasonally Adjusted — Continued
Average weekly hours per worker—Cont.
Manufacturing — Continued
Durable goods—Continued
Fabricated metal products §
hours..
Machinery, except electrical
do....
Electric and electronic equipment @
do....
Transportation equipment §
do....
Instruments and related products
do....
Miscellaneous manufacturing
do....
Nondurable goods
Overtime hours
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Transportation and public utilities
Wholesale and retail trade
Wholesale trade
Retail trade
Finance insurance and real estate
Services
..
..
..
..
do
do....
do
do....
do
do....
do....
do....
do....
do....
do....
do....
do....
do....
do
do....
do
do....
41.0
42.0
40.3
42.2
40.9
38.8
40.7
41.8
40.3
41.2
40.8
38.9
39.1
40.5
39.0
37.9
40.3
37.6
40.7
42.0
40.4
41.5
40.8
38.6
40.7
42.0
40.3
40.8
40.6
38.9
40.8
41.9
40.2
40.9
40.7
39.3
40.6
41.6
39.8
41 7
40.5
39.1
40.7
41.9
40.3
40.6
40.6
39.1
40.9
41.6
40.3
41.3
40.7
39.1
40.7
41.6
40.6
40.6
41.0
39.1
41.0
41.6
40.5
41.0
40.8
39.2
40.9
41.7
40.4
41.0
41.5
39.5
40.8
41.5
40.4
40.9
40.9
39.2
394
393
386
392
392
392
392
393
393
394
394
395
394
385
380
406
408
3.2
397
38.1
404
3.1
398
38.0
404
2.7
396
376
388
3.0
398
38.9
3.1
400
38.6
3.0
399
38.3
3.2
400
37.8
41 1
35.3
42.7
37.6
41.9
44.4
40.0
36.7
40.2
32.7
3.1
399
38.8
41 0
35.6
429
37.4
41 7
43.5
39.9
36.9
39.8
326
3.1
400
38.5
41 7
35.9
42.8
37.8
42.0
36.6
40.6
37.2
39.9
325
3.0
396
37.7
41 1
36.0
429
37.4
41.9
40.4
39.9
37.3
39.8
323
388
305
362
327
387
303
364
327
35.3
42.4
37.5
41.7
44.1
40.3
37.0
39.9
32.6
35.3
42.6
37.4
41.7
43.7
40.3
36.5
39.9
32.6
387
305
32.7
388
306
363
328
387
307
364
32.7
389
307
365
327
388
306
362
326
32.7
389
306
364
329
168.71
13803
2.10
8.96
4396
10.63
3423
9.29
2886
30.68
169.46
13848
2.13
906
4390
10.73
3427
9.34
2905
3098
169.53
13848
2.09
898
4395
10.68
34 17
9.39
2921
3105
169.35
138 41
2.20
907
4348
10.77
3423
9.41
2925
3094
169.77
13897
2.21
9 16
4363
10.75
3440
9.48
2933
3080
169.76
13888
2.16
898
4368
10.82
3441
9.48
2936
3088
170.05
13961
2.21
9.07
4354
10.94
3468
9.56
2959
3044
170.81
13999
2.25
932
4376
10.82
3452
9.59
2972
3082
171.61
14031
2.29
9 17
43 93
10.85
3470
9.60
2976
31 30
125.4
110.3
151 6
133.7
1047
108.3
125.7
110.1
1525
1344
1043
1079
99 1
136.5
115.0
1300
132.8
1289
145.7
1526
125.7
109.9
148 4
133.9
104 4
107.9
99 1
136.7
114.2
1299
132.7
1289
146.5
1535
125.5
1094
1567
1345
1033
1068
125.8
109.0
158 1
132.7
103 1
106.2
126.3
108.7
1584
133.7
1025
105.1
126.6
1096
1623
137.1
1029
1056
127.1
1106
1657
1425
1030
105.3
136.6
115.2
1296
1324
1285
146.3
1534
125.9
109.7
1574
135.4
1034
107.1
98 1
137.2
114.9
1304
132.5
1296
147.1
1538
6 12
6 16
6 19
6 31
849
852
848
932
669
857
34.2
41 8
37.1
41.7
43.9
39.7
35.6
39.2
328
35.2
42.6
37.4
41.9
43.7
40.9
36.1
39.8
32.6
388
388
390
364
363
32.7
387
309
365
327
164.09
133.51
1.92
8.17
4299
10.24
3344
8.96
27 78
30.58
169.04
138.43
2.15
8.92
4394
10.69
3429
9.38
2907
3061
166.87
13763
2.09
843
44 ig
10.36
3443
9.32
2881
2924
121.3
106.0
1380
119.9
1024
104.9
125.4
109.6
1854
132.4
1040
107.4
123.6
1068
1520
1249
1020
1050
30.6
3.0
397
40 1
35.3
426
37.7
420
43.7
40.2
36.5
39.9
325
35.2
42.6
37.5
41.9
43.8
40.5
36.5
39.9
32.6
32.8
3.0
398
40 1
35.3
42.5
37.5
41.9
43.6
40.6
36.6
39.7
32.6
400
35.6
42.9
37.6
41.9
43.6
40.9
37.1
40.0
32.9
31 0
3.0
398
37.6
40 1
35.2
42.5
37.4
41.7
43.3
40.7
36.4
39.8
326
30.6
36 1
32.7
388
306
362
36 1
40.6
41.4
40.0
r
40.4
40.5
r
38.7
39 1
3.1
r
394
37.6
408
35.5
r
r
42.6
37.2
r
41.6
r
39.6
r
39.9
36.8
r
39.7
323
385
303
r
365
327
40.5
41.3
39.7
40.7
38.6
39.9
"41.2
P
39.7
P
39.6
P
40.5
P
38.5
r
P
r
39.8
r
r
390
2.9
395
r
38.1
r
400
35.6
389
P
2.7
P
399
P
379
"400
P
35.4
r
424
r
P
418
"36.8
P
415
P
42.4
P
39.5
P
36.6
37.1
41 4
41.8
r
40.0
r
36.9
r
39.5
32 1
P
39.3
P
320
P
38
6
P
299
P
36
3
P
385
30 1
36 4
325
327
AGGREGATE EMPLOYEE-HOURS t
Seasonally Adjusted
Employee-hours, wage & salary workers in nonagric. establish, for 1 week in the month,
seas adj. at annual rate
bil. hours..
Total private sector
do....
Mining
do....
Construction
do....
Manufacturing ....
..
do
Transportation and public utilities
do....
Wholesale and retail trade
..
do
Finance, insurance, and real estate
do....
Services
. . .
..
do
Government
do....
Indexes of employee-hours (aggregate weekly): H
Private nonagric. payrolls, total
1967=100..
Goods-producing
do....
Mining
. ..
.. .. do
Construction
do....
Manufacturing ...
..
do
Durable goods
do....
Nondurable goods
..
do
Service-producing
do....
Transportation and public utilities
do....
Wholesale and retail trade ....
do ...
Wholesale trade
do....
Retail trade
do.. .
Finance, insurance, and real estate
do....
Services
do....
HOURLY AND WEEKLY EARNINGS t
Average hourly earnings per worker: fl
Not seasonally adjusted:
Private nonagric payrolls
dollars
Mining
...
do
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 equipment @ do....
Transportation equipment §
do....
Instruments and related products .... do....
Miscellaneous manufacturing
do....
Nondurable goods
do....
Excluding overtime ....
do....
Food and kindred products
do
Tobacco manufactures
.. .. do
Textile mill products
do....
Apparel and other textile products .. do....
Paper and allied products
do....
Printing and publishing
do....
Chemicals and allied products
do....
Petroleum and coal products
do
Rubber and plastics products, nee .... do....
Leather and leather products
do....
Transportation and public utilities
do....
Wholesale and retail trade
do....
Wholesale trade
do
Retail trade
do....
Finance, insurance, and real estate
do....
Services
do....
See footnotes at end of tables.
988
990
978
995
131.9
110.1
1274
127.4
1273
139.6
146 1
136.4
114.2
1302
132.5
1293
145.9
1526
135.3
109.2
1306
1313
1303
145.5
1510
135.9
113.4
1302
132.8
129 1
144.5
151 7
569
767
6 16
6 03
609
845
8.65
6.17
5.91
658
629
849
9.25
669
6.42
7 12
683
5.60
468
6.32
8.20
6.34
6.77
5.82
7.91
5.71
4.69
5.53
5.32
6.09
506
6.84
8.98
6.82
7.33
6.31
8.52
6.17
5.04
6.00
578
580
627
669
6 13
4.30
3.94
6.52
6.50
7.01
863
5.52
3.89
7.57
4.67
588
4.20
4.90
4.99
4.66
4.24
7.12
6.91
7.59
938
5.96
4.23
8.17
5.06
638
4.53
5.28
5.36
854
9.02
654
6.34
695
6 73
5.90
4 94
6.73
8.92
6.62
7.10
6.11
8.26
6.03
4.96
5.90
571
6 19
680
448
4.19
6.92
6.72
7.50
9 44
5.82
4.18
7.88
5.00
630
449
5.23
5.29
9.14
663
6.36
707
677
5.97
4 97
6.78
8.83
6.77
7.25
6.21
8.56
6.11
5.00
5.91
570
622
683
4.52
4.20
6.96
6.83
7.47
939
5.90
4.18
7.94
5.00
629
4.49
5.22
5.27
9.13
666
9.24
671
6.39
7 11
6 81
6.16
505
6.85
8.91
6.81
7.34
6.25
8.53
6.11
4.99
5.94
572
6.23
504
6.89
9.04
6.80
7.35
6.27
8.55
6.16
5.03
6.03
581
622
682
454
628
683
465
4.21
7.05
6.88
7.53
932
5.91
4.19
8.03
5.02
634
450
5.22
5.27
6.45
7 15
686
4.23
7.17
6.90
7.60
939
5.95
4.19
8.23
5.05
639
451
5.29
5.29
982
6.42
7 12
6 84
6.23
5 10
6.90
9.10
6.83
7.35
6.36
8.44
6.14
5.04
6.04
580
6 28
659
477
4.21
7.22
6.94
7.65
935
5.94
4.22
8.32
5.06
641
452
5.29
5.30
9.51
680
6.51
724
693
6.32
5 18
6.98
9.16
6.93
7.48
6.46
8.59
6.21
5.07
6.11
586
633
654
482
4.28
7.32
7.04
7.73
951
6.03
4.29
8.45
5.13
651
458
5.38
5.45
985
988
990
997
171.48 r!70.93 169.70
14023 139
76 138 18
r
2.29
2.30
2.29
r
9 13
890 r r 873
4380
43 60
42 68
10.82 10.77
10.66
3466
3451 r34 20
9.63 r r0.97 r r0.97
2991
29 94
2998
3125
31 17
3152
126.7
1094
164 4
137.4
1025
105.3
983
137.5
115.8
1307
133.4
1297
146.7
154 1
138.5
116.9
1316
134.3
1305
148.3
1552
138.4
115.8
1309
134 1
1297
148.3
1565
138.6
115.2
1316
134.3
1305
148.1
1562
138.9
115.1
1315
134.5
1303
149.6
157 1
632
857
635
870
6 39
6 42
6 46
9.57
9.47
9.60
9.49
682
6.54
725
6 95
6.24
520
7.00
9.10
6.96
7.45
6.45
8.67
6.32
5.12
6.14
590
636
643
4.83
4.32
7.34
7.06
7.82
949
6.12
4.31
8.45
5.15
651
4.59
5.37
5.48
9.50
686
6.58
729
699
6.23
523
7.07
9.26
6.99
7.51
6.51
8.68
6.39
5.15
6.21
595
651
701
4.86
4.32
7.42
7.09
7.87
957
6.14
4.34
8.52
5.18
657
4.62
5.42
5.54
873
697
6.69
741
7 11
6.25
527
7.10
9.28
7.12
7.65
6.64
8.90
6.49
5.22
6.26
602
656
704
487
4.39
7.48
7.17
7.91
949
6.21
4.36
8.55
5.18
668
461
5.49
5.60
885
696
6.70
739
7 12
6.22
527
7.05
9.30
7.06
7.67
6.67
8.78
6.57
5.31
6.28
606
662
7 13
4.90
4.45
7.48
7.20
7.96
948
6.25
4.46
8.56
5.34
672
4.78
5.55
5.65
888
699
6.75
745
7 18
6.34
534
7.13
9.44
7.12
7.71
6.71
8.84
6.58
5.33
6.27
606
664
741
4.90
4.46
7.51
7.25
7.99
940
6.25
4.48
8.59
5.36
676
4.78
5.62
5.70
126.0
107.5
1637
129.5
1017
104.6
974
138.9
114.9
1310
134.0
1299
150.4
1574
6 51
r
892
r
9.66
706
r
6.80
r
754
726
r
6.36
r
538
r
7.26
r
9.45
r
7.22
r
7.78
6.78
9.01
r
6.62
r
5.36
6.30
r
6.08
r
669
r
761
r
4.93
4.49
r
7.54
r
7.30
r
8.04
r
932
r
6.27
r
4.52
r
8.64
r
5.40
682
r
4.81
5.69
r
5.74
P
168.81
P
137
30
P
2.32
P
8
79
P
41 88
"10.60
P
34
06
P
0.97
P
29
95
P
31 51
124.5
105 1
164 3
1272
r
992
1007
r
968
138.0
113.8
1294
1327
128 1
150.1
1576
P
123.6
P
1033
P
164
9
P
1287
P
967
P
970
P
96 1
P
137.7
P
113.3
P
1290
P
1327
P
1276
P
150.4
P
r
6 53
r
905
r
964
r
708
r
6.85
r
755
r
P
6 57
P
905
P
968
P
7
12
P
6.90
P
759
P
7 35
P
6.39
P
542
P
7.42
P
9.52
P
7.30
P
7.89
P
6.80
P
9.02
P
6.71
P
1572
730
6.28
r
542
r
7.34
r
9.53
r
7.25
r
7.83
r
6.79
9.00
r
6.63
r
5.40
6.37
6 15
r
677
r
781
r
4.93
4.47
r
7.62
r
7.30
r
8.11
r
984
r
6.31
r
4.53
r
8.71
r
5.40
r
684
r
4.81
r
5.70
r
5.75
5.47
r
P
6.42
P
621
P
682
P
770
P
4.92
"4.44
P
7.61
P
7.41
P
8.15
10
16
P
6.32
P
4.57
P
8.74
P
5.42
P
688
P
4.83
P
5.70
P
5.78
P
S-14
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1979
1978
June 1980
1979
Apr.
Annual
May
June
July
Aug.
1980
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HOURLY AND WEEKLY EARNINGS f— Cont.
Average hourly earnings per worker—Cont.
Seasonally adjusted:
Private nonagricultural payrolls
dollars..
Mining
..
..
....
do
Construction
do....
Manufacturing
..
do
Transportation and public utilities
do....
Wholesale and retail trade
do....
Finance, insurance, and real estate
do....
Services
do
Indexes of avg. hourly earnings, seas, adj.: U
Private nonfarm economy:
Current dollars
1967=100..
1967 dollars $
do....
Mining
do....
Construction ..
.
.
do
Manufacturing
do....
Transportation and public utilities
do....
Wholesale and retail trade
do....
Finance insurance and real estate
do
Services .
... . .. ..
do....
Hourly wages, not seasonally adjusted:
Construction wages, 20 cities (ENR):
Common labor
$ per hr..
Skilled labor
.
do....
Farm (U.S.) wage rates, hired workers, by
method of pay:
All workers including piece-rate
$ per hr
All workers other than piece-rate
do
Workers receiving cash wages only
do
Workers paid per hour cash wages only do
Railroad wages (average class I)
do
Avg. weekly earnings per worker,
private nonfarm: U
Current dollars, seasonally adjusted
1967 dollars seasonally adjusted $
Spendable earnings (worker with 3 dependents):
Current dollars seasonally adjusted
1967 dollars seasonally adjusted $
Current dollars, not seasonally adjusted:
Private nonfarm, total
dollarsMining
do....
Construction
do....
Manufacturing
do....
Durable goods
do ..
Nondurable goods
do....
Transportation and public utilities
do....
Wholesale and retail trade
do....
Wholesale trade
do
Retail trade
do....
Finance, insurance, and real estate
do....
Services
.
...
do....
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
UNEMPLOYMENT INSURANCE
Unemployment insurance programs:
Insured unemployment, all programs, average
weekly # @
thous
State programs (excl. extended duration prov.):
Initial claims
thous
Insured unemployment avg. weekly .... do....
Percent of covered employment: @ @
Unadjusted
.
Seasonally adjusted
Beneficiaries average weekly
thous .
Benefits paid @
mil. $..
Federal employees, insured unemployment,
average weekly
thous..
Veterans' program (UCX):
Initial claims
do
Insured unemployment, avg. weekly
do....
Beneficiaries average weekly
do....
Benefits paid
mil $
Railroad program:
Applications
thous
Insured unemployment, avg. weekly
do....
Benefits paid
mil. $..
See footnotes at end of tables.
6.16
8.49
9.25
6.04
856
9.11
669
656
5.69
767
8.65
6 17
7.57
4.67
4.90
499
8.17
5.06
5.28
536
212.9
109.0
240.9
2076
215.8
231.0
206.7
1948
212.4
6.09
843
9.20
6.13
849
9.19
665
668
6.22
8.57
9.32
672
674
6.28
8.57
9.38
6.82
8.39
5.14
5.38
5.46
6.33
8.71
9.45
6.87
8.48
5.19
5.45
552
6.39
8.76
9.53
6.91
8.53
5.23
5.51
5.58
6.42
8.82
9.43
6.93
8.54
5.30
5.51
5.60
8.59
5.36
5.62
570
8.09
5.03
5.23
531
8.21
5.07
5.30
535
8.30
5.10
5.32
539
6.26
8.50
9.38
6.78
8.37
5.12
5.40
545
227.5
106.1
262.7
2204
232.3
243.7
221.0
2070
224.3
229.0
105.7
264.9
220.4
233.9
246.4
222.6
2080
225.7
230.9
105.6
266.9
222.1
235.4
251.3
223.8
2108
227.0
232.2
105.1
265.6
223.1
236.9
252.6
225.4
211.5
228.4
234.3
104.9
266.1
224.4
238.7
255.6
227.0
214.4
231.4
234.9
104.2
268.0
224.0
240.0
255.8
227.4
213.1
232.3
237.3
104.1
271.6
225.8
242.1
258.9
229.5
216.2
234.7
239.5
103.8
273.2
227.6
244.3
260.7
231.3
218.5
237.7
240.5
102.8
274.0
225.1
245.3
261.2
234.7
218.6
238.0
242.6
102.3
275.5
229.8
248.1
262.7
235.5
221.2
239.9
10.43
13.90
10.70
14 11
11.00
14.37
11.05
14.45
11.10
14.51
11.12
14.65
11.20
14.77
11.21
14.77
11.22
14.78
11.25
14.82
7.91
4.99
5.22
527
7.99
5.00
5.21
526
229.8
105.6
263.7
221.1
234.6
249.4
223.7
2098
227.7
226.8
106.9
264.1
218.1
231.0
241.7
220.9
207.5
225.0
10.08
1336
10.78
14.22
10.40
13.81
309
304
322
339
334
358
341
340
335
364
342
203.83
10431
219.62
10091
213.21
10048
3 10
7905
6.18
8.49
9.27
218.23
10075
699
r
6.54
r
907
r
9.74
r
7
10
r
8.74
r
5.38
r
5.38
5.69
572
r
r
246.4
101.5
245.3
102.0
r
278.4
r
231.9
r
250.1
r
266.2
r
238.0
r
2260
r
243.1
11.27
14.82
P
361
391
377
223.48
100.04
223.57
99.19
229.19
97.94
11.34
14.91
P
3.60
3.65
228.12
98.73
P
3.56
3.65
225.98
99.16
247.9
101.2
284.1
232.5
P
254.3
P
268.8
P
239.9
P
225.8
P
245.4
P
11.27
14.82
369
221.43
100.24
P
243.6
372
220.01
100.60
P
P
357
3.58
6.57
903
974
7 14
P
8.79
"5.41
P
5.69
P
577
P
P
r
283.2
r
232.0
r
252.3
r
267.4
r
238.4
r
226.0
r
341
330
3.50
P
5.69
573
r
323
3.20
217.41
10140
r
6.53
r
893
r
9.73
r
700
r
8.71
r
6.46
888
9.60
229.33
96.68
r
231.16
r
96.12
r
P
r
r
P
230.86
95.08
230.61
P
94.16
18080
92.54
19462
89.41
18961
89.35
19288
89.96
19352
89.34
194.90
89.12
196.01
88.73
197.58
88.44
197.65
87.69
199.48
87.53
201.38
87.06
201.92
86.29
202.02
85.17
203.70
332.11
270.92
249.27
27044
217.88
302.80
153.64
228 14
130.20
178.36
163.67
219.91
365.07
318.74
268.94
290.50
235.80
325.98
164.96
247.54
138.62
191.66
175.27
211.65
363.80
281.42
254.41
273.14
225.38
307.32
162.50
243.18
146.83
190.37
171.93
216.20
361.66
295.71
265.86
288.46
231.08
314.42
162.00
244.68
151.70
188.44
171.28
219.71
367.62
297.02
269.06
291.51
234.04
321.20
165.16
24726
149.85
188.96
173.38
221.76
355.28
348.35
267.73
288.86
236.38
329.20
168.17
249.21
142.07
192.50
176.16
222.84
365.49
354.16
267.60
287.65
237.98
336.47
167.66
248.96
141.93
191.50
175.96
225.90
372.80
360.43
274.04
295.39
241.96
337.16
167.75
252.59
140.61
195.29
178.22
225.62
374.51
356.82
274.85
295.80
241.92
337.16
167.38
253.24
139.54
194.93
178.65
226.06
380.19
346.75
277.14
297.43
245.92
342.50
167.83
255.57
140.45
197.29
180.60
229.40
383.25
355.05
285.07
308.26
249.77
342.00
170.42
261.19
142.91
199.84
183.68
225.34
384.09
332.40
277.01
297.82
244.92
338.12
170.35
258.72
142.44
201.47
183.63
227.39 229.15 r228.55 "229.95
383.62 rr386.24 rr388.25 PP387.34
340.80 347.76 r351.86 P357.19
278.20 r 280.99 r278.95 P280.53
300.24 r304.62 r301.25 P302.08
243.90 245.07 246.52 249.10
341.02 r341.28 r342.30 PP341.73
170.98 172.80 171.72 172.90
259.58 261.89 r262.66 PP264 88
142.44 143.82 143.34 143.93
204.57 r207.12 r206.91 P206.91
185.25 186.55 186.88 P186.69
149
158
155
154
153
155
155
159
167
158
159
154
151
145
4.1
31
4.0
3.0
3.9
2.9
4.7
36
4.8
3.8
4.9
3.7
4.4
3.4
4.1
3.1
2.9
2.2
2.2
1.5
3.8
2.4
3.3
2.2
r
21
3.9
2.1
08
4.3
3.1
3.5
15
12
3.7
16
13
4.0
30
4.1
20
3.7
27
4.3
1.9
15
3.8
28
3.9
1.9
12
4.1
29
3.9
2.0
3.9
30
4.1
20
4.0
30
4.0
1.9
12
4.1
29
4.2
20
13
r
1i
3.9
28
4.0
19
12
40
29
4.2
1i
40
30
4.0
20
10
2 164
3.9
21
09
4.0
20
11
3.6
2.0
0.9
3.9
30
3.9
2.1
3.8
07
4.3
20
14
5.7
3.3
1.3
3311
2592
2610
2230
2 119
2429
2377
18014
2,358
19946
2,435
1589
2,440
1309
2078
1400
1991
1978
2,300
1545
2245
33
3.0
1942
7,716.6
2,043
9,260.6
3.1
3.0
2132
777.7
26
2.8
1835
725.2
2.5
2.9
1714
610.3
28
2.9
2.7
3.0
34
28
27
24
23
273
53
53
283
51
52
20
48
49
196
20
45
47
204
24
45
46
186
107
18
3
17
7.3
3
12
5.7
9
9
3.3
2777
130
25
89.0
2615
82.5
4.7
2.7
1.1
P
4.2
2.1
12
1i
3.5
1.1
17
3.8
1.6
15
13
2236
2559
1219
2,024
1641
2057
1826
2384
2.4
3.0
24
3.0
28
3.1
4.1
1.6
16
P
30
P
20
P
13
21
3730
3652
1818
r
3518
3356
34
3.2
41
3.2
41
r
3.1
39
34
1919
765.0
1,749
606.3
1661
674.0
1842
728.4
r
2 184
r
25
25
25
28
29
31
34
32
30
28
51
49
210
28
52
53
239
23
52
53
208
26
52
51
233
24
54
53
23 1
25
60
65
296
21
58
61
254
63
23 1
24
56
55
15
11
3.7
8
12
4.2
13
20
5.7
11
20
8.0
10
19
6.5
11
22
8.1
15.0
7
36
5
29
139
1 793
665.7
2993
843.9 1,283.9 1,229.1
22
38
P
36
25
r
42
19
15
r
r
122
3.1
"2.0
P
4.6
p
l5
P
3740
2265
2864
203.19
83.68
3.5
2.3
2837
3537
3047
r
203.41
r
85.58
r
14.6
23
p
P
52
l6
28
202.99
P
82.89
S-15
SURVEY OF CURRENT BUSINESS
June 1980
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
Apr.
Annual
1980
1979
1979
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WORK STOPPAGES
Industrial disputes:
Number of stoppages:
Beginning in month or year
Workers involved in stoppages:
Beginning in month or year
Days idle during month or year
number
thous
do....
4200
4800
1 600
37,000
1 700
33,000
512
556
536
471
463
464
443
257
134
352
354
396
425
426
5,126
132
3,682
137
2,989
168
3,001
119
3,152
135
2,319
230
2,968
91
2,720
42
1,976
207
3,142
114
3,025
123
2,705
116
2,786
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 Adm.:
Total end of period
mil $
Farm mortgage loans:
Federal land banks
do.
Loans to cooperatives
do
Other loans and discounts . ..
do
Federal Reserve banks, condition, end of period:
Assets total #
mil $
Reserve bank credit outstanding, total # .. do....
Time loans
do.
U.S. Government securities
do....
Gold certificate account
do
Liabilities total #
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 adjusted § .
mil $
Demand total $ . ...
Individuals, partnerships, and corp
State and local governments
U S Government
Domestic commercial banks
Time, total #
Individuals, partnerships, and corp.:
Savings
Other time
Loans (adjusted) total §$
Commercial and industrial
For purchasing or carrying securities
To nonbank financial institutions
Real estate loans .
Other loans
Investments total t
U.S. Government securities, total
Investment account *
Other securities . .
Commercial bank credit, seas, adj.: t
Total loans and securities U
U.S. Treasury securities
45321
111 094
82279
17663
64616
28815
34391
93998
70806
15025
55781
23 192
35286 36989 39040 42354 42147 43486 43599 45321 47780 50,269 49,317
96993 100 201 101 599 102 555 104 865 107 672 110560 111 094 117 787 118 848 119014 122 451
74596 76*431 77024 77004 77213 79544 82309 82279 85081 83829 82559 85155
15 494 15 775 16492 16780 17480 16515 17293 17663 18490 18052 18390 18973
59 102 60656 60532 60224 59733 63029 65016 64616 66591 65777 64 169 66 182
22397 23770 24575 25551 27652 28 128 28,251 28815 32706 35,019 36,455 37,296
47 344
58 496
51 470
52 171
53 203
54 331
55 053
55 776
56 930
57616
58496
59928
61 105
62658
63969
25596
6 102
15646
31284
8 091
19 122
27387
7 457
16626
27927
7 188
17056
28463
7 156
17584
28919
7468
17 944
29428
7432
18 193
29808
7543
18425
30302
8 124
18503
30755
8303
18557
31284
8091
19 122
31880
8783
19264
32,502
9091
19513
33,315
9 196
20 147
34202
9046
20722
153 151
162 947 153 422 151 844
123,488 135,092 125,070 123,456
1 174
1256
1454
1330
110,562 117,458 108 588 106 185
11671
11 112 11 416 11354
153 151 162 947 153 422 151 844
36972
35708 38888 34835
31,152
29520 34587 31602
103,325 113,355 101,767 103,748
34836 34053 34023 36706 35408 36049 35708 35202 35325 35385 r 39044 38445
30407 30279 29493 29089 32 192 32280 29520 31232 31725 31870 32 927 32382
104,794 105,957 106,900 106,683 108,029 109,908 113,355 108,927 109,170 110,597 111,524 113,118
rl
43 972
rl
43'578
rl
394
rl
1,473
rl
113 248
122 610 101 760 96 432 99763 103 864 101 724 105 723 105 287 103 133 122 610 108 107 102 894 110 613
219 155 181 176 181 168 179 106 187 175 177 448 196 821 191 679 185 166 219 155 189 480 185 378 201 657
155,734 128,367 129,350 125,008 130,255 124,252 135,724 134,883 130,639 155,734 131,838 128,202 139,544
4 632
4760
4562
5942
5280
4661
5942
5679
5438
4331
4507
5 151
4 547
774
863
972
750
580
2824
786
1 821
'863
1450
1305
732
1837
35,975 28,838 30,093 30,529 32,020 30,740 33,620 32,904 30,612 35,975 31,655 32,015 34,760
r
267 415 250 677 248 861 247 800 249 000 252 104 258 405 261 505 264 662 267 415 269 746 271,911 276 175
104 652 100 692
77 129 76781 74008 72,559 74604 72866 72290 r71 208
143 119 149 231 154 614 158 937 159 958 163 861 166 226 171 839
376 135 390 114 387 373 385 658 402 310 397 231 399 761 r405 979
148 032 153 244 153,501 151,796 159,321 157,001 158,912 161,833
r
8,737
9,470
11,589 11,123
9,868
9,860 10,275
9,091
24888 25 131 25,690 25,244 26,559 24,763 25,647 r27,531
92084 94334 96096 97277 99959 101 314 102 192 103 210
120 453 129 449 123 779 122,401 137,906 128,405 125,529 127 525
r
68 477 69,686
175 973 175 625
-997
40546
40548
2
897
-765
40382
40095
287
1,777
-1317
40 105
39884
221
1,396
-987
40900
40*710
190
1,179
-821
40687
40494
193
1,097
-727
40868
40863
5
1,344
-1 170
r
42 279
r
42r007
r
42 908
r
42r753
272
!55
2,022 1,906
r
-l 589 r-l 605
r
43 972
r
43r578
394
r
l,473
r
-997
r
45 170
r
44r 928
242
1,241
r
-924
r
43 156
r
42 966
190
1,655
r
-l,369
do.
258 061
do. ..
do
do
do....
do....
do....
do
do....
77865
141 940
347 246
134 038
10,655
24,166
80655
119 560
do....
do....
do
do
97,953
35549
32437
62404
108,114 102 786 104 223 103 616 103,542 104,463 105,366 106,193 106,359 108,114 108,382 108,353 106,641
36089 36048 37006 35531 35178 34676 34 198 35,360 35,777 36089 35690 35454 34673
31214 31644 31664 30832 30408 29995 30 182 30613 30544 31 214 30446 30,332 29,377
72025 66738 67 217 68 085 68364 69787 71 168 70833 70582 72025 72692 72899 •71 968
1 014 3
93.4
173 1
7478
1 1325 10610
93.8
94.0
191 5
180 4
8472
7866
bil $
do....
74604 76615 76585
159 958 138 066 137 421
402 310 356 784 356 964
159,321 141 500 142 170
10,275 11,222 10,117
26,559 23389 23276
99959 85040 86288
137,906 116852 116 998
r
201 132 194911
134,295
132,409
r
5978
4581
r
1811
2426
r
37,616 35,489
r
278 007 278,737
r
399 486
160,175
r
9,018
r
25,042
104 196
125,144
109,825
r
35 291
r
29,362
r
74 534
392 462
157,049
7,895
23,506
104 822
124,536
110,921
35,574
30,755
75,347
10922 1 1028 1 1228 1 129 1 1 1286 1 1325 1 1448 1 1627 1 165.2 1,160.2
93.2
94.5
94.3
93.2
94.8
95.3
94.1
95.2
95.3
93.8
1963
196 0
183 5
187 6
1888
190 5
191 5
193 1
195 2
185 4
8747
870.8
8585
8134
8450
8438
8472
8727
8233
8400
1200
10.09
950
950
950
9.69
10.24
10.70
11.77
12.00
12.00
12.00
12.52
13.00
13.00
12.94
2
9.89
10.04
10.12
10.18
10.23
10.28
10.35
10.70
10.96
11.47
11.83
12.20
13.12
13.54
2
9.30
2
2
10.48
2
10.06
10.29
10.20
10.35
10.39
10.46
10.49
10.67
10.73
10.88
10.72
10.94
10.91
11.01
11.04
11.23
11.30
11.59
11.48
11.78
11.60
12.30
12.25
12.56
12.64
13.21
13.25
13.71
3
8.11
3
7.99
3
3
11.04
3
10.91
3
10.25
9.90
9.87
9.64
9.98
9.98
9.74
9.79
9.71
9.39
9.99
9.82
9.31
10.62
10.39
9.68
11.70
11.60
10.43
13.44
13.23
11.50
13.53
13.26
12.00
13.31
12.80
11.68
13.15
12.66
11.79
14.01
13.60
12.39
17.10
16.50
14.70
15.63
14.93
13.68
9.60
9.29
9.01
10.041
3
9.58
9.493
9.32
9.579
9.30
9.045
8.89
9.262
8.88
9.450
9.08
10.182
9.56
11.472
10.75
11.868
10.98
12.071
10.45
12.036
10.76
12.814
12.52
15.526
13.41
14.003
(4)
9.150
950
9.36
10.66
7.78
3
1 068 8 10800
94.1
948
181 4
182 1
7933
803 1
43933
43,798
135
1,028
-829
2
8.01
percentdo....
77 123 77638
137 911 139 707
364 841 373 072
144 439 147,871
11,422 11,954
23874 24,785
88381 90513
117 463 119,434
44769
44678
91
2,443
-2,196
43352
42907
445
2,828
-2,231
203 092
144,438
5309
981
34,086
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent..
3-5 vear issues
do....
158 096 155 056 158 082 157 981 160 768 159 742 162 947 157 208 156 569 158 198 165 649 164 467
*41
572
J
41 447
125
1
874
J
-615
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
do....
Commercial paper, 6-month $$
do....
Finance co. paper placed directly, 6-mo @ do....
See footnotes at end of tables.
158 096 155 056 158 082 157 981 160 768 159 742 162 947 157 208 156 569 158 198 165 649 164 467
125,206 126,233 127,678 129,644 130,532 133,313 135,092 129,965 130,141 131,303 135,544 136,950
602
852
1572
1454
828
3364
2502
4770
1 156 2672
2034
1558
109 737 111 445 113 027 115 458 114 580 118 087 117 458 116311 115 171 116 657 118 825 124 277
11323 11290 11259 11228 11 194 11 112 11 112 11 172 11 172 11 172 11 172 11 172
do
do....
do
do.
do....
Total loans and leases j]
do
Money and interest rates:
— 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):
New home purchase (U.S. avg.)
Existing home purchase (U.S. avg.)
33,700
82236
63857
12350
51507
18,379
7.221
3
8.30
3
S-16
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1979
1978
1979
Apr.
Annual
June 1980
May
June
July
Aug.
1980
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
CONSUMER INSTALLMENT CREDIT t
Total extended and liquidated:
Unadjusted:
Extended
Liquidated
Seasonally adjusted:
Extended total #
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers
By major credit type:
Automobile
Revolving
Mobile home
Liquidated total $
By major holder:
Commercial banks
Finance companies
Credit unions
Retailers
By major credit type:
Automobile
Revolving
Mobile home
27,016
22896
29,762
25022
28023
23482
27,702
24506
30,508
25747
26,987
22898
28094
26779
26,239
23815
27,158
23677
23408
25547
23,116
23907
r
25,480
r
26 051
23303
24792
do....
27,009
27901
26 139
26,848
27,583
28634
27695
26,464
25,671
26,702
27,076
r
26,620
22,548
do
do
do
do....
13 111
5239
2753
3,742
13400
5 186
3 124
3,721
12278
4 641
2986
3853
12,292
5353
3282
3,687
12700
5 133
3361
3,921
13 172
5489
3363
4,082
12718
5642
2942
3,930
11,738
5 105
2808
4,161
11,370
5249
2396
4,054
12 126
5540
2527
4,010
12,004
5639
2495
4,042
11,315
5700
r
2501
4,358
9338
4841
1865
3,870
do
do....
do
7999
9,722
510
8260
10,039
668
7 178
10,136
547
7447
9,856
519
7667
10,371
655
8430
10,699
531
7,066
10,613
515
7,131
10,196
490
7,780
10,475
558
7,659
10,458
597
r
7,240
11,038
r
506
5,725
10,293
436
do
22904
24595
23581
24405
25 137
24 188
7676
10,424
582
25509
24,057
24,322
25330
24781
25,183
24533
do
do...
do
.. do ..
10994
3,861
2614
3,436
11735
4293
3000
3438
11294
3728
2842
3565
11630
4 168
2940
3507
11834
4,584
2970
3,589
11651
3,716
2952
3,639
11947
4,566
3094
3595
11,455
3,765
2852
3,684
11 152
4,162
2851
3,772
11693
4,444
2851
3,890
11 221
4,263
2868
3,989
11298
4,526
r
2716
4,115
11 575
3,857
2608
3,935
mil $..
do
..
..
.
Retailers
. •
By major credit type:
Automobile
Revolving
Mobile home
FEDERAL GOVERNMENT FINANCE
do....
275,629
do....
136 189
54298
45939
24,876
315 145 405
149 604 139 843 142 102 144 035 145 169 147 312 148 657 149 152 149 057 149 604 148 868 148 249 147
r
68318 58334 59635 60996 62463 63,362 64822 65692 67,164 68,318 68,724 69,545 r70,421 71,545
48 186 46322 46832 47478 47772 48631 49214 48770 48673 48 186 47270 46707 46,521 45731
27,916 23,097 23,421 23672 23713 24,114 24,446 24,860 25,732 27,916 26,985 26,309 25,841 25,746
do
do
do....
102 468
47051
16,042
115 022 107 186 109211 110 930 111952 113 351 114 765 114 876 115,121 115 022 114 761 115 007 115 281 115 014
55330 45781 46489 47458 47894 49,270 50,422 50883 52,060 55,330 54,420 53,522 52,662 52,217
17,409 16,198 16,453 16,607 16,719 16,972 17,105 17,244 17,349 17,409 17,387 17,476 17,596 17,668
mil $
do
do
Borrowing from the public
Reduction in cash balances
do
do
6612
8,804
428
*401 997 *465 940
*450 836 '493 221
'-48 839 *-27 281
143 839
127 281
X
*59 106
33'641
^10 267
'-6360
. do
'780 425
do.... 1610,948
Budget receipts by source and outlays by agency:
Receipts (net) total . .
mil $ M01 997
1180 988
Individual income taxes (net)
do
Corporation income taxes (net)
do
'59 952
Social insurance taxes and contributions
(net)
mil $ 1 123 410
Other
do
*37 647
Outlays total #
do
'450 836
Agriculture Department
do
*20 368
Defense Department military
do
103042
Health, Education, and Welfare
Department
....
.
mil $ 1 162 856
Treasury Department
.
do
'56 355
National Aeronautics and Space Adm
do.... 1 '3,980
Veterans Administration
do
18 962
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance cos
bil. $..
389.92
Government securities
do .
2655
Corporate securities
do
19156
Mortgage loans, total
do....
106.17
Nonfarm.. .
do
9567
Real estate
do....
11.76
Policy loans and premium notes
do
30 15
Cash
do....
2.37
Other assets
do
2137
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
Value estimated total
mil $ rr414 211
Ordinary (incl mass-marketed ord )
do ... 283 067
Group
do.... 125,129
r
6.015
Industrial
do....
r
do
do
Budget receipts and outlays:
Receipts (net)
.
Outlays (net)
Budget surplus or deficit (—)
See footnotes at end of tables.
322,558
287 067
6,533
6449
6778 r6,845
6370
6831
7 189
6808
7035
7073
6607
6488
9,764 10,186
9,883 10,427
9760
9,814
10,681
9290
9427
9,584
9,642
9340
r
382
438
399
400
412
378
447
473
442
432
434
445
311,122 282,575 287,315 291,856 295,052 299,813 303,902 305,217 307,641 311,122 308,984 308,190 r307,621 306,131
do
do
do
..
Total outstanding, end of year or month #
By major holder:
Commercial banks
Finance companies
Gross amount of debt outstanding
Held by the public
298,351
253 541
52230
40752
11478
38287
41 618
3331
11 478
-4965
-6513
3 331
1806
1525
53910 33268 39353 47295 33099
40 687 40482 54279 29625 47807
13223 -7214 -14 926 17670 -14 708
7 214 14 926 17 670 14 708
13 223
4250
1 458 4831
3268
2217
2383 11658 -21 920 12491
11765
38,320
46841
-8522
8522
5548
2974
42,617
44 010
-1,393
43,429
47988
-4559
1393
11207
-9814
4559
5201
-642
37862 33,351
47208 46566
-9346 -13,215
9346 13215
2066 11802
7280
1,413
*833 751 804 046 812 220 812 247 814 740 820 385 833 751 833 999 840 965 852 184 854 741 861 603 870 444
'644,589 631,893 633,698 632,241 637,072 640,339 644,589 646,806 652,354 663,561 668,762 670,827 682,630
'465 940
1217 841
'65 677
52230
25 029
9767
38287
14 575
1403
53910
25 568
15 640
33268
17086
2019
39353
17 215
1368
47295
23 341
9633
33099
18 682
1476
38320 42617
18972 20 192
1 160 10206
43429
26856
2237
37862
15522
1420
33,351
9056
9,508
1
14 165
3 269
17 164
3605
10809
3512
40482
1093
10256
54279
913
10547
29625
904
9353
14433
3753
46841
1870
10563
8675
3544
44010
2,870
10343
47988
3,785
10955
16857
4 064
47208
2054
10940
11,499
3287
40752
1999
9329
9384
3557
47807
1712
10 180
10775
3560
493 221
'20 634
1115 013
18652
9375
3 657
3 326
41 618 40687
1 178
550
9830
9838
10566
3597
X
46566
1,732
11460
1181
186
X
64 596
'4,187
1
19 887
14728
6363
198
837
15384
4718
366
1691
15282
8204
389
2495
15054
5557
341
664
25,930
4582
413
2,556
6413
4031
387
597
16389
6235
384
1807
16,764
5045
415
2,698
16,499
8759
328
1,776
16,855
5 164
417
800
17036
5353
408
2772
16,570
5677
416
743
431.45
2908
20949
118.78
10660
13.05
3476
2.51
2378
402.96
27.84
19883
109.20
98 12
12.09
3151
1.57
2192
405.63
2800
200 16
110.02
9877
12.10
3183
1.35
22 16
409.85
28 18
20202
111.12
9965
12.20
32 13
155
2265
414.12
28.47
20487
112.12
100.55
12.35
3239
1.50
2242
418.35
28.73
20700
113.10
101.38
12.74
3271
1.37
2270
421.66
28.92
20796
114.37
102.50
12.74
33.05
1.46
23 16
423.76
29 16
20746
115.99
10400
12.82
3357
1.36
2340
427.50
29.30
209.05
117.25
105.15
12.91
34.22
1.35
2342
431.45
29.08
209.49
118.78
106.60
13.05
34.76
2.51
2378
436.38
29.34
21342
120.08
107.88
13.08
3526
1.60
2360
439.12
29.58
214.74
121.10
108.81
13.24
35.78
1.44
23.24
440.18
29.98
212 17
122.47
110.06
13.48
36.84
1.28
23.96
r
488 803
r
323,640
r
!59,998
r
r
34 839
r
26
520
r
7,815
r
r
38 159
r
28
284
r
9,384
r
r
41 926
r
r
36 245
r
26,260
r
9,585
r
r
61 232
r
32,901
r
27,958
r
38601
24,623
13,666
312
37062
26384
10,354
324
45,747
29,885
15,501
361
141591
'40 832
5.165
504
27 656
13,819
r
491
451
r
41 747
r
r
38 699 r49 541 r42 945
27,801 r24,723 r29,920 r28,026
13,480
13,601
19,201
14,567
r
r
r
r
375
400
466
420
352
373
41526
31,057
10,122
347
May
S-17
SURVEY OF CURRENT BUSINESS
June 1980
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
Apr.
Annual
1980
1979
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—CONTINUED
MONETARY STATISTICS
Gold and silver:
Gold:
11,671
Monetary stock, U.S. (end of period)
mil. $..
11,112 11,418 11,354
11,112 11,112 11,172 11,172 11,172 11,172
11,323 11,290 11,259 11,228 11,194
2
Net release from earmark §
do....
525
294
20
25
34
23
61
31
29
22
30
26
41
25
Exports
..
.. thous $ 1 113 795 4 907 865 332 623 441 315 309 958 460 706 439 920 306 368 713 427 825 793 187 883 282 237 161 531 473 255 671 189
Imports
do.... 903,023 1,480,203 40511 123 863 114 203 84965 142 479 151 742 183 900 257 540 233 832 254 927 261,649 153 063 248,835
Production:
South Africa
Canada
Silver:
Exports
Imports
.
Price at New York
Production:
United States
..
.
111
mil. $.
do
9554
704
955 1
798
823
797
802
810
thous. $..
do
dol. per fine oz.
119 125
389 015
5401
471 162
961 761
11.094
6443
29 122
7492
12462
61630
8373
13940
50 151
8538
10668
52 809
9 135
14577
45 176
9?334
thous. fine oz.
23972
27397
1848
1928
2423
2308
1324
2 112
2411
2464
4442
2046
3508
4 424
2379
114.6
125.6
113.2
115.4
116.6
117.9
118.9
118.7
120.1
122.1
125.6
121.2
121.4
122.9
124.0
Currency in circulation (end of period)
bil. $..
Money stock measures and components (averages
of daily figures): t
Measures (not seasonally adjusted): $
Ml-A
. .
bil $
Ml-B
do....
M2
.
do.
M3
do....
L (M3 plus other liquid assets)
do....
Components (not seasonally adjusted):
Currency
Demand deposits .
...
Other checkable deposits $$
Overnight HP's and Eurodollars *
Money market mutual funds
Savings deposits
Small time deposits @
Large time deposits @
do....
do
do....
do....
do....
do
do....
do
Measures (seasonally adjusted): $
Ml-A
Ml-B
M2
M3
L (M3 plus other liquid assets)
do
do
do
do.
do....
Components (seasonally adjusted):
Currency
Demand deposits
.
Savings deposits
Small time deposits @
Large time deposits @
do...
do
do...
do
do ..
806
806
806
743
764
756
32057 78682 166 741 100 241 298 433 345 301 253 438 489 037
77986 202 189 120 781 155 590 258 547 174 301 195 889 91 538
13959 16781 16603 21793 38257 35085 24 133
r
r
r
r
r
r
r
r
r
r
'365 5 '3663 '370 9
3422
3600
3593
3500
3584
3640
3706
3792
375 6
361 9 rr3654
3682
362 5
r
r
r
r
r
r
r
r
r
r
r
r
'3899
347.4
374.2
3729
363.6
3845
3730
3793
3778
3818
3868
3960
3929
3830
3844
3809
1
349
1
1
468
9
1
449
4
1
446
7
1
468
1
1
484
1
1
501
4
1
510
1
1
527
2
1
537
7
1
489
2
1
511
8
1
538
4
1
549
3
1
558
3
1
5583
r
l 545.5 1 704 11 675 61 675 41 695 017124 1 722 91 743 41 758 41 762 01 780 71 792 01 796 41 807 41 816 4 1 818 8
r
l,825.0 r2,048.3 r2,008.6 r2,018.4 r2,047.5 r2,065.6 r2,077.3 r2,101.3 r2, 118.6 r2,124.8 r2, 143.5 r2,161.7 r2, 173.2 2,187.0
93.2
2490
5.2
20.4
7.1
4885
488.2
1730
102.3
2576
14.3
r
27.1
26.9
r
4464
r
597.0
r
2046
r
999
2594
136
r
26.7
192
r
4550
r
578.3
197 0
r
1007
r
2493
136
r
28.7
218
r
4505
r
§84.7
1972
1019
r
256 6
146
r
29.2
246
r
452 4
r
591.5
194 5
1032
260 7
154
r
28.5
280
r
4543
r
596.7
196 4
r
1045
260 9
163
r
29.8
337
r
445 7
r
613.2
r
208 4
1039
2579
159
r
28.6
312
r
451
2
r
603.1
r
201 5
r
r
1052
263 0
163
r
28.8
369
4346
r
628.2
r
215 4
r
1066
264 0
162
r
25.7
40 4
r
419
2
r
642.7
r
219 7
1082
r
271 0
167
r
25.3
436
"•4133
r
651.5
r
223 0
r
1065
269 1
173
r
26.6
49 1
r
409 2
r
662.8
r
224 4
r
1068
r
2587
176
r
27.1
567
'4000
r
674.5
'228 8
1079
'2584
18
1
r
24.3
604
'392 2
r
690.9
'231 0
1087
262 2
19
0
r
20.3
606
'380 9
r
709.6
'231 3
r
1099
252 6
18 4
21.8
65 4
375 7
717.5
233 6
r
r
r
r
r
r
r
r
r
'373 7 '373 i
'367 6
356 1 r355 5
3620
359 4
365 9
366 6
368 0
369 7
370 8
364 0
368 1
r
r
r
r
r
r
r
r
r
13739
'391 2 '3866
3696
3692
377 4
382 2
386 4
379 9
3829
384 2
388 1 '391 2
3865
1 441 21 449 51 465 91 478 31 491 81 502 91 510 11 516 41 525 51 534 3 1 546 5 1 552 41 550 1 1 561 2
'1*804 4 1 809 6l'810 3 1 8228
1
669
1
1
679
2
1
695
2
1
745
5
1
757
8
1
775
4
1
709
2
1
725
8
1
765
4
1
786
7
r
2 000 7 r2 021 1 r2 048 8 r2 063 8 r2'081 3 r2 110 0 r2 120 4 r2 126 4 r2 141 0 r2 155 1 r2'l75 7 2 1864
1002
r
255 9
r
4523
r
576 1
1986
1009
r
254 7
r
4486
r
583 9
1982
101
8
r
257 6
r
449
8
r
591 0
196 8
102 6
r
259 4
'450 9
r
596 2
198 9
104
7
r
261 2
r
4454
r
614 6
r
2089
103 7
3
450 4
r
604
4
r
201 8
r
260
r
105
5
r
261 1
r
4360
r
628 4
r
214 8
1063
105 9
1
421
3
r
647 8
r
2185
r
262
r
r
263 4
r
416 6
r
656
5
r
219 4
1073
r
263 5
r
r
411 7
661 7
r
2225
108 1
'265 6
'403 l
'671 3
'2286
108 9
'264 2
'391 9
'687 5
'230 1
1090
'258 6
'378 5
'707 o
'233 3
110 1
258 0
374 o
716 4
234 8
r
4322
1902
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade Comm.):
Net profit after taxes all industries
Food and kindred products
Textile mill products
Paper and allied products
Chemicals and allied products
mil. $
do....
do....
do...
do....
81 148
6213
1,170
2598
9,117
r
Petroleum and coal products
do....
Stone clay, and glass products
do...
Primary nonferrous metal
do....
Primary iron and steel
do...
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $.
12,805
2353
1,362
2 124
r
Machinery (except electrical)
Elec. machinery, equip., and supplies
do....
do....
10746
6,500
Transportation equipment (except motor
vehicles, etc.)
mil. $..
Motor vehicles and equipment
do
All other manufacturing industries
do....
2,374
6211
13,760
3,189
4382
15,314
do....
28,932
r
mil. $.
50945
r
do....
35,846
38,719
7937
2832
mil $
do
do....
do
Transportation
.
Communication
Financial and real estate
State and municipal issues (Bond Buyer):
Long-term
Short-term
Dividends paid (cash), all industries
r
98 698
r
7340
1,340
3723
10,896
r
21,936
r
2373
r
2,691
2 185
r
3815
r
26 795
1919
355
917
r
2938
4431
11
530
r
7,386
r
5256
r
749
r
749
966
2580
r
6972
r
567
r
726
141
7200
237
959
810
111
1091
1051
1 167
r
r
r
2563
1830
'884
1917
3,941
r
8 170
r
3079
1,917
2763
1,735
r
r
815
51
4,193
r
8099
r
32,491
5732
r
770
r
609
743
r
24 703
1697
314
795
3 160
24 491
1 794
358
1272
3006
1,926
r
r
24 746
2 171
381
1 162
r
2632
785
217
3403
824
352
3,635
r
r
9096
8779
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, corporate
Common stock
Preferred stock
By type of issuer:
Corporate total #
Manufacturing
Extractive (mining)
Public utility
r
r
4963
5585
5881
3983
3982
5216
4829
4 471
3530
6549
4003
3695
4654
2862
2425
3430
3 163
2697
2 188
4727
2401
8727
3650
4 184
424
155
418
174
613
278
606
392
589
698
1274
195
788
465
1 044
289
1 053
300
1508
88
46 615
11062
3 100
12253
51 096
11532
3,166
13652
4 763
822
171
1 130
4287
1292
182
865
5 545
1 193
363
1 351
3 860
1013
'l02
879
3 881
1 166
156
731
4 717
1489
509
1397
4 632
1485
408
1519
3 950
480
226
1438
3 521
496
386
1008
6080
1639
430
1 844
3 997
1211
321
1 145
do
do...
do....
1763
3640
10,861
2788
4673
11,507
302
261
1908
206
109
1,342
267
409
1,477
325
95
1 134
237
337
733
155
671
342
296
310
312
259
856
474
173
56
904
238
483
1,060
148
557
267
do .
do
46215
21642
42261
20897
3 126
4 406
2917
762
4483
1 660
3287
1 571
3997
1 546
2588
2 553
4 146
476
4286
1930
3710
1497
mil. $.
11035
11619
11416
11314
11763
12019
12236
12 178
11483
11083
11619
do .
do....
835
2.510
835
2.550
840
2.590
895
2.880
885
3.025
910
2.995
960
3.325
950
3.490
955
3.435
. do
do
.
55 616
1 055
401
2916
1 405
r
2555
2097
2369
1796
12638
11914
1320
4.755
1365
5.000
SECURITY MARKETS
Stock Market Customer Financing
Margin credit at brokers, end of year
or month
Free credit balances at brokers:
Margin accounts
Cash accounts
See footnotes at end of tables.
321-149 0 - 80 - S3
1 105
4.060
1 105
4.060
11987
1 180
4.680
r
4609
4405
S-18
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1980
1979
1979
Apr.
Annual
June 1980
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
SECURITY MARKETS—Continued
Bonds
Prices:
Standard & Poor's Corporation:
High grade corporate:
Composite §
dol. per $100 bondDomestic municipal (15 bonds)
do....
U S Treasury bonds taxable 11
do
55.6
77.9
5126
Sales:
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $.. 4,554.01
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
Aa
A
Baa
By group:
Industrials
Public utilities
Railroads
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
U.S. Treasury bonds, taxable $
Stocks
51.1
73.4
4799
52.3
75.6
4789
51.9
76.0
4724
53.5
77.0
4861
53.4
76.4
4839
53.0
75.9
4801
51.8
73.2
47.8
68.2
45.8
66.4
46.1
67.2
44.0
66.2
37.8
60.2
37.3
53.5
41.0
58.0
45.7
65.1
4,087.89
279.00
289.25
305.01
280.72
368.70
310.25
448.63
466.43
499.19
411.58
431.78
422.52
406.20
412.95
3
percent..
9.07
10.12
9.81
9.96
9.81
9.69
9.74
9.93
10.71
11.37
11.35
11.74
12.92
13.73
13.21
12.11
do
do....
do
do....
873
8.92
912
9.49
963
9.94
1020
10.69
938
9.65
988
10.33
9.50
9.86
10.00
10.47
929
9.66
989
10.38
9.20
9.49
9.75
10.29
9.23
9.53
9.85
10.35
9.44
9.70
10.03
10.54
10.13
10.46
10.83
11.40
10.76
11.22
11.50
11.99
10.74
11.15
11.46
12.06
11.09
11.56
11.88
12.42
12.38
12.73
12.99
13.57
12.96
13.51
13.97
14.45
12.04
13.06
13.55
14.19
10.99
11.91
12.35
13.17
do
do....
do
890
9.22
864
985
10.39
960
957
10.05
938
9.69
10.23
948
957
10.04
944
9.47
9.90
9.45
9.52
9.97
9.48
9.66
10.19
9.50
10.28
11.13
9.89
11.00
11.73
10.35
11.02
11.68
10.44
11.35
12.12
10.68
12.35
13.48
11.06
13.11
14.33
11.43
12.93
13.50
11.63
12.04
12.17
11.54
do....
do....
6.07
5.90
6.53
6.39
6.27
6.14
6.16
6.10
6.12
5.99
6.14
6.05
6.36
6.10
6.56
6.40
7.26
6.98
7.26
7.19
7.32
7.09
7.52
7.21
8.72
8.04
9.44
9.09
7.96
8.40
7.73
7.37
do....
7.89
8.74
8.44
8.55
8.32
8.35
8.42
8.68
9.44
9.80
9.59
10.03
11.55
11.87
10.83
9.82
28363
820.23
10461
222.61
29346
844.40
10456
237.83
29469
864.96
10323
231.81
286.65
837.41
100.26
227.92
29301
838.65
104.59
239.68
297.04
836.95
107.43
248.42
310.60
873.55
108.80
265.75
309.44
878.50
107.03
262.04
293.20
840.39
102.68
241.91
287.66
815.78
102.69
239.49
298.88
836.14
108.17
253.27
307.16
860.74
108.13
263.83
320.70
878.22
110.64
290.40
291.82
803.56
102.03
259.76
285.15
786.33
105.80
244.40
299.10
828.19
109.00
257.35
96.02
106.16
104.38
84.80
51.64
1381
45.35
11.53
43.70
100.99
106.96
103.01
114.83
115.27
83.82
50.40
14.53
51.74
12.33
44.48
104.86
119.06
102.07
113.95
116.32
84.03
50.09
14.18
49.75
11.97
44.24
101.93
118.88
99.73
111.24
113.76
81.79
48.65
14.07
49.88
11.85
44.18
100.47
117.03
101.73
112.98
114.76
83.30
50.57
14.65
52.60
12.51
44.93
104.76
120.67
102.71
113.63
114.08
82.40
51.73
15.20
54.73
13.01
46.61
109.29
122.13
107.36
118.93
119.82
87.54
52.52
16.18
57.62
13.69
49.26
117.81
125.91
108.60
121.06
119.95
88.06
51.16
15.72
56.00
13.39
47.44
113.53
125.33
104.47
116.95
114.66
83.76
49.05
14.64
53.18
12.32
43.04
104.08
120.03
103.66
116.12
113.39
81.48
48.79
14.50
54.23
12.08
42.03
101.87
119.87
107.78
120.78
119.27
84.52
50.50
15.23
56.90
12.50
43.50
105.44
125.81
110.87
124.72
126.68
85.09
50.26
15.51
58.64
12.64
44.57
105.74
129.12
115.34
130.91
131.27
83.14
49.04
17.22
69.61
11.95
42.26
97.02
121.98
104.69
118.73
116.20
75.50
45.40
15.62
63.39
10.73
38.46
87.69
110.23
102.97
115.57
110.20
76.93
48.37
14.68
59.46
11.56
41.09
97.54
120.70
107.69
120.80
113.46
82.81
50.63
15.27
61.12
12.20
44.54
103.52
121.37
53.70
5823
43.50
39.22
56.65
58.32
6475
47.34
38.20
61.42
57.50
6363
45.92
38.63
59.50
56.21
62.21
45.60
37.48
58.80
57.61
6357
47.53
38.44
61.87
58.38
64.24
48.85
38.88
64.43
61.19
67.71
52.48
39.26
68.40
61.89
69.17
52.21
38.39
67.21
59.27
66.68
48.09
36.58
61.64
59.02
66.45
47.61
36.55
60.64
61.75
69.82
50.59
37.29
63.21
63.74
72.67
52.61
37.08
64.22
66.06
76.42
57.92
36.22
61.84
59.52
68.71
51.77
33.38
54.71
58.47
66.31
48.62
35.29
57.32
61.38
69.39
51.07
37.31
61.47
5.28
5 06
833
4.49
503
5.45
5 18
9 19
4.68
547
5.35
507
9.09
4.65
5.50
5.58
530
9.42
4.78
5.67
5.53
527
907
4.60
5.50
5.50
526
8.92
4.48
5.42
5.30
507
8.88
4.21
5.03
5.31
505
9.20
4.38
5.15
5.56
527
9.68
4.71
5.64
5.71
5.42
9.71
4.74
5.75
5.53
5.26
9.43
4.75
5.60
5.41
5.11
9.53
4.69
5.57
5.24
492
9.84
4.28
5.81
5.87
5.52
10.65
4.74
6.27
6.05
576
10.10
5.01
6.14
8.24
9.11
8.75
8.82
8.87
8.93
9.02
9.13
9.46
9.95
10.06
10.17
10.55
11.37
11.16
10.20
249 257
9602
299 973
10,863
22769
839
22006
811
25683
962
25243
924
30295
1,125
26 152
924
33846
1,168
22864
833
29413
1,044
39881
1,402
45731
1,550
35704
1,147
210,426
7618
251,098
8675
19,191
671
18,252
635
21,318
754
21,360
751
25,477
908
21,725
740
28,526
932
18,665
654
24,151
813
33,942
1,091
37,721
1,239
29,164
904
7,205
8,156
621
624
728
681
825
714
858
654
710
1,158
957
876
674
765
822.74
27,573
960.61
30,033
882.00
27,970
863.40
28,216
901.56
29,285
912.84
29,371
964.41
29,504
961.30
29,558
892.93
29,713
940.78
29,856
960.61 1,019.05 1,009.13
30,033 30,278 30,383
898.82
30,558
941.84
30,752
99390
31,233
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Transportation (20 stocks)
.
Standard & Poor's Corporation: §
Combined index (500 Stocks)
1941-43=10..
Industrial total (400 Stocks) # . . . . do....
Capital goods (111 Stocks)
do....
Consumer goods (189 Stocks) .. . . do....
Utilities (40 Stocks)
do....
Transportation (20 Stocks)
1970—10..
Railroads (10 Stocks)
1941-43=10..
Financial (40 Stocks)
1970—10..
NewYorkCity banks(6 Stocks) 1941-43=10..
Banks outside N.Y.C. (10 Stocks)
do....
Property-Casualty Insurance (6 Stocks) do....
New York Stock Exchange common stock indexes:
Composite
12/31/65—50..
Industrial
do
Transportation .
. do....
Utility
do....
Finance
..
do ..
Yields (Standard & Poor's Corp.):
Composite (500 stocks)
percentIndustrials (400 stocks)
do
Utilities (40 stocks)
do
Transportation (20 stocks)
do....
Financial (40 stocks)
do
Preferred stocks 10 high-grade . .
. . do....
Sales:
Total on all registered exchanges (SEC):
Market value
mil $
Shares sold
millions .
On New York Stock Exchange:
Market value
mil. $..
Shares sold (cleared or settled)
millions .
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
millions..
Shares listed, N.Y. Stock Exchange, end of period:
Market value all listed shares
bil. $..
Number of shares listed
millions..
FOREIGN TRADE OF THE UNITED STATES
VALUE OF EXPORTS
Exports (mdse.), incl. reexports, total @
Excl. Dept. of Defense shipments
Seasonally adjusted @ @
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
.
....
Northern North America
Southern North America
South America
See footnotes at end of tables.
mil. $.. 1 143,662.8 181,801.6 14,267.3 14,818.9 15,365.9 14,731.8 15,009.4 14,939.6 17,283.2 17,320.3 16,984.6 16,360.9 16,970.8 19,685.0 19,146.6
do.... 1 143,577.5 181,636.8 14,257.0 14,812.9 15,344.5 14,725.7 14,975.1 14,919.6 17,275.5 17,301.2 16,954.2 16,343.9 16,958.6 19,671.4 19,134.3
do....
13,978.8 14,083.1 148173 15,691.1 15,713.3 15,822.4 16,680.0 16,928.1 16,741.6 17 347.7 17,233.0 18 534.4 18 468.4
do
5887 1
do.... 39 629 9
do
34643
do
43 607 7
. . do.... 28,375.2
do.... 11,026.2
do.... 10,992.3
62992
4973
5295
4584
48 771 1 3 827.6 3 737.0 40526
43188
3615
3364
3526
60 014 0 45954 49988 48855
33 096 7
14,886.5
13,569.4
4800
4,375.5
3156
46096
28048 2,919.6 29410 2,527.7
1,178.4 1,179.1 1,330.3 1,119.0
971.3 1,007.3 1.176.9 1,222.0
5362
42717
3136
47842
25194
1,333.9
1.183.4
6242
4778
6406
5994
4 088.0 43038 4 320.4 4,568.2
4145
4397
4387
3414
48170 56083 6 310.7 5831 3
2 777.3 33473 2 895.3 2,507.7
1,188.7 1,446.0 1,360.1 1,529.0
1.161.7 1.385.5 1,273.3 1,446.6
5550
6163
7679
8098
40468 4,721.4 5 147.5 49174
362 1
3313
3719
377 1
6214 1 60423 7 059.9 67539
2 598.6 2,733.7 3 393.0 3 1497
1,480.2 1,360.2 1,604.4 1,713.5
1,104.2 1,165.7 1,332.4 1,319.5
S-19
SURVEY OF CURRENT BUSINESS
June 1980
1978
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1979
Apr.
Annual
1980
1979
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF EXPORTS— Continued
Exports (mdse.), incl. reexports—Continued
By leading countries:
Africa:
Egypt
roil
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
Malaysia.
Indonesia
Philippines
Japan
$
do .
1 134 1 1 4333
1080 1
14130
1135
1082
1407
1089
122 5
1223
828
1220
985
1092
785
1253
1159
1465
1795
1283
1210
1494
1505
136.5
151 0
1337
1878
1622
1992
1788
do....
do
do....
do
2,944.1
9479
495.7
7284
3,649.4
1 1670
529.1
932 1
286.5
740
60.1
667
312.2
577
246
764
2949
736
38 1
894
259.5
826
70.2
749
2582
1720
450
799
283.0
1066
45.5
846
344.6
929
28.2
86 1
381.7
885
15.3
878
370.5
149 1
32.7
892
308.2
860
25.7
850
281.3
1756
25.4
916
312.8
1938
95.4
1047
314.5
1184
38.0
989
do
do....
do
7514
l,04i:2
12 885 1
9815
1,570.1
17 579 3
712
130.9
13172
1073
130.2
12577
994
730
1077
134.4
131.7
134.1
1 449 2 1 539 9 1521 2
738
146.5
15975
894
174.3
16063
1026
1068
123.7
167.2
1 5258 16506
972
229.5
18098
4 1662
55867
4707
4104
4386
3925
4399
4888
5444
5334
5093
7170
5866
7842
1704
3560
262
33 1
31 1
92
174
262
340
617
678
172
908
68 1
640
69568
84823
6476
6795
6509
610 1
6735
6809
8326
8136
8494
9623
9626
10552
10226
33606
2,252.3
7 1160
43585
3,607.1
10 634 8
3635
273.7
8645
3785
234.6
8666
3649
352.4
7665
2735
364.5
9035
3460
341.3
8608
2963
312.5
8484
4132
325.8
10007
4118
378.3
1 113 0
4749
426.4
8639
441 2
174.0
947 1
4429
130.0
9848
5180
184.3
13034
5404
110.5
1 348 5
do
28 373 7
33 095 8
2 804 6
2919 6
2940 9
2527 7
2 519 4
2 777 1 3 347 3 2895 3 2507 7
do....
do ...
do
do
do....
d o
do....
20,185.2
8418
29806
7246
1,045.9
66803
37277
26,256.6 1,969.1 2,001.2
18899
1121
1430
3 441 6
2329
2289
569
8855
503
1 409.3
1089
1023
98472
7632
7553
39313
3129
3534
2,320.9
1249
254 6
866
1816
9053
3436
2,169.9
1554
321 8
810
1280
7189
3539
2,343.9
1456
324 7
929
1195
924 9
3156
2,182.9
151 9
3477
726
95.4
7997
3116
Europe:
France
do
German Democratic Republic (formerly
E. Germany)
mil $ .
Federal Republic of Germany (formerly
W. Germany)
mil $
Italy
Union of Soviet Socialist Republics
United Kingdom...
.
North and South America:
Canada
Latin American republics, total #
Argentina
Brazil
Chile
Colombia
Mexico .
.
.
.
Venezuela
Exports of U.S. merchandise, total §
Excluding military grant-aid ..
Agricultural products, total
Nonagricultural products total
do
do....
do
794
1092
147.9
112.1
1 505 2 15848
do ... 141 125 6 178 578 0 14 020 8 14 534 9 15 102 6
do
141 040 3 178 413 2 14 010 5 14 529 0 15 081 1
do . . 29 384 1 34 745 4 26515 2509 1 27606
do
1117414 143 832 6 11 369 4 12 025 8 12 342 0
By commodity groups and principal
commodities:
Food and live animals $
mil $ 1183H3
Meats and preparations (incl. poultry) .... do....
'958.4
Grains and cereal preparations
do.... 11 633 8
Beverages and tobacco
do....
Crude materials, inedible, exc. fuels #
Cotton raw excl. linters and waste
Soybeans, exc. canned or prepared
Metal ores concentrates and scrap
do....
do
do....
do
Mineral fuels lubricants etc $
Coal and related products
Petroleum and products
1
*2 292 8
23367
2023
20,755.3
2 1984
5,707.7
33246
1,668.0
198 1
517.1
2119
1,626.7
1747
349.4
2963
56159
34960
1,913.6
4670
2796
169.1
471 2
3259
139.3
3 880 6
2 1226
1,563.7
1
183 1
3 392 9 3 149 7
2,359.0
176 1
2735
770
123.9
9828
2872
2,353.6
1524
2845
857
1438
9256
3235
2,739.6 2,814.1
1915
1835
361 2
3216
877
962
141 1
1190
1 104 9 1 211 4
3424
3698
14 496 0 14 748 5 14 686 3 16 998 7 16 966 8 16 662 1 16 031 5
14 489 9 14 714 1 14 666 3 16 991 0 16 947 7 16 631 6 160145
27152 2 735 4 27347 35079 37839 36815 3 276.9
11 7808 120130 11 951 6 13 490 8 13 182 8 12 980 6 12 754 6
16 687 5
16 675 3
33546
13 332 9
193156 18 814 9
19 302 0 18 802 6
36870 34685
15 628 7 15 346 4
2056 5
99.2
13767
2,631.3
3072
3294
998
128 1
9684
3438
2,453.5
1990
341 g
935
1270
9543
2894
2 384 3 2 194 9
103.9
93.6
15994 14429
2,736.0
2193
3924
884
1482
10085
430 1
2 273 8
120.2
15237
438 0
2723
150.6
5674
3892
167.3
187.6
157.6
140.1
163.7
146.6
166.4
158.7
139.6
142.5
228.1
210.1
1 513 2 1 433 2 1 546 8 1 5896 16527
14392
16075
1617 1
15378
18804
17506
15369
3026
2279
1718
16479
268.6
178 0
171.2
17347
2775
2193
2023
18826 2 1608
317.1
307 1
2378
2639
248 1
2465
56129
65407
7 444 5 70154
38728
208 1
975
83.2
783 3
1 744 1
1,130.2
1,575.9
4075 1 48239 4 611 6
2833
2945
234 6
1072
1219
1386
137.0
138.4
118.4
908 4
883 6
776 2
2472 1 26259 r 24072
1213 1 1 414.4 l,267.3
1,408.5 1,542.7 1,304.6
5215
319 1
186.2
5428
3198
196.4
129.6
104.4
12898
13208
Manufactured goods #
Textiles
Iron and steel
Nonferrous base metals
J
do
12 416 8
do . 2 225 2
do
17163
do
10478
16 235 2
3 1894
2 342 0
16094
12285
2388
184 5
1263
13550 1 468 1 12303
2437
2668
2869
183 8 208 4
194 0
1414
1532
1169
1 341 6 13607
283 1
2625
202 1
201 8
124 1
1142
15656
3112
2260
1426
15076
2882
2039
148 1
*59 255 4 70 403 8
do
37 017 5 44 741 o
do
2 1516
2 635 5
1 1883
do
1*391 4
do....
1,318.4
1,233.8
do
69666
8 635 0
do
22 250 3 25 750 4
do.... 13,237.3 15 076.5
58439
6 047 2 5 984 1 5 651 0 56007 56454
3806 1 3875 1 35568 36650 36776
194 2
267 5
235 0
224 7
214 9
1393
1290
1200
111 2
108 1
114.4
105.7
105.4
123.6
100.3
709 2
738 7
738 6
750 2
673 7
63486
6 1682 63552
35802
259 9
1067
107.9
703 6
22648
12590
2 243 0
14515
2 1259
13999
12,639.6
965.3
1,071.7
1,074.8
9,030.3
688.1
764.1
667.4
do.... '10,177.5
do....
15,006.7
6305
4042
204.8
496 3
3283
148.8
2836
1,845.0
Miscellaneous manufactured articles
5669
299.6
234.9
5340
3300
188.4
2816
2,323.0 2,160.6
3119
214 1
564.7
834.5
4128
3858
17 306 2
Commodities not classified
4358
2142
186.9
1840
1,940.8
1278
640.0
2802
1,521.3
.
2247
2,255.2
3134
544.2
3962
141 8
1,555.6
1365
313.8
2925
12 622 8
Transport equipment total
Motor vehicles and parts
335.3
2,375.4
3894
480.3
5170
178 1
1,539.4
1487
313.9
2900
do....
mil $
204 1
1764
1,434.6
1335
260.3
296 1
do
Machinery total #
Agricultural
Metalworking ..
Construction, excav. and mining
Electrical
152.4
2,109.7 2,169.6
256 1
3512
606.4
513.1
4650
4048
1758
Oils and fats, animal and vegetable
Machinery and transport equipment,
total
2 107 9 2 046 5 2 212 3 2 134 8
88.3
'll3.5
103.0
84.2
1 301.9 13192 1 428.2 14233
1,605.2
1972
319.0
248 1
499 8
3167
157.4
Chemicals
1
639 1
2 598 5 2 733 6
1 528 1 1 584 8 1 905 2 2 053 3 2 055 9
86.8
106.9
87.5
90.0
88.1
9608 10394 12253 13972 13997
15,555.1
17396
5,210.4
1839 1
1
mil $
do
do....
22 245 4
1,126.9
14 450 5
759
152.1
1 843 1
40673 38853 4 1708
2249
193 9
178 0
110 1
121 1
1253
125.7
89.4
89.5
790 6
741 5
788 6
20957 1 957 2 19769 22839 22843 22126
1 037.2 10196 1 200.5 1,454.3 1 345.9 1,154.1
997.6 1,038.9 1,080.0 1,157.4 1,173.2 1,157.5
555.0
821.8
776.3
635.0 1,043.5 1,172.0
481 4
2335
219.3
659.7
455.2
833.7
1,115.8
VALUE OF IMPORTS
General imports, total
Seasonally adjusted @
By geographic regions:
Africa ..
Asia
Australia and Oceania
Europe
..
do.... 171,978.0 206,326.5 16,172.0 16,511.5 17,435.6 17,115.0 17,931.0 18,075.5 19,243.3 18,658.1 19,797.2 20,138.9 20,638.6 21,060.4 19,680.6
do
15 841 4 16 438 3 16 835 4 16 806 1 18 277 2 18 407 1 19 037 1 18 548 4 19 665 0 20 944 8 21 640 4 20 607 1 19 308 3
.
Northern North America.
Southern North America
South America
By leading countries:
Africa:
Egypt
Republic of South Africa
See footnotes at end of tables.
..
.
do
16 898 1
do ... 58 264.0
23504
do
do
37 984 5
24 376 5
66 740 4
30720
43 548 2
18350
52338
2777
35742
1 7957 18084 2053 1 2 193 1 25143 25713 2 1476 27270
49468 57722 5 677.3 6,156 5 6 002.0 64668 5849 1 5,908.6
2645
190 1
3040
2637
2852
2609
232 1
2905
35698 3986 1 37849 37842 33857 35896 4001 1 44366
33 546 2
do
do.... 12,624.4
do
10 302 6
38 122 3
17 287.8
13 172 5
29685
12394
10429
3508 1 30964 29145 28862 3 1645 34380 3 544 1 34285 3 463.4 36316
14182 13957 1 362.6 1,480 3 1 580.8 1,813.2 1 561.0 1 772.7 1 916.5 1,914.2
10087 1 091 4 10578 1 1693 1 1929 1 1736 12642 12186 13069 13020
1050
2,258.7
381 0
2.616.5
14 9
214.1
do
do....
214
256.9
55 1
203.0
195
208.9
99
264.3
510
255.8
61 5
251.8
56 9
238.5
31 3
167.3
24210 32493 28704 27534
6,642.1 6 397.9 6 458.6 6,410 3
2697
2349
2957
2572
4 092.6 38860 4 339.8 42485
21 0
342.5
817
215.9
37516 32458
2 126.3 1,788.7
12436
9985
96 1
226.1
575
405.7
May
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
1979
Apr.
Annual
June 1980
May
June
July
Aug.
1980
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
233.1
92.2
11.8
276.8
511.8
149.1
2,496.5
210.8
1954
1564
111.2
115.1
98.6
8.5
12.1
10.2
201.3
2429
2309
492.7
422.0
417.0
102.1
1432
1226
2,249.8 2,385.2 2,564.7
FOREIGN TRADE OF THE UNITED STATES—Continued
VALUE OF IMPORTS— Continued
General imports—Continued
By leading countries—Continued
Asia; Australia and Oceania:
Australia including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines
Japan
17277
mil $
979.4
do....
83.7
do....
1519 1
do
do.... 3,606.9
12072
do
do ... 24 457.7
22362
1,037.7
120.0
2 145.6
3,620.6
14888
26,242.9
208 1
1878
2016
93.6
92.8
96.8
11.4
11.3
12.0
1474
166 1
196.5
226.4
332.0
339.0
958
1183
1282
2,300.6 2,092.0 2,319.9
181.7
178.2
129.5
187 1
90.1
88.1
96.6
92.4
9.5
8.0
9.5
10.2
185.3
1516
182.8
257.0
384.7
341.8
377.2
289.0
149.3
129.5
146.5
1013
2,183.3 2,276.1 2,188.7 2,299.8
Europe:
416.7
40510
4 770.8
3623
4096
4144
France
do
German Democratic Republic (formerly
353
36.2
4.2
33
22
E Germany)
mil $
41
Federal Republic of Germany (formerly
981.9
938.8 1,002.6
941.9
W. Germany
mil. $.. 9,961.5 10,955.3
4 102.1
4,918.1
403.3
367.1
492.9
498.2
Italy
do
872.4
28.7
539.1
71.9
75.4
44.2
Union of Soviet Socialist Republics
do....
8,028.7
6 513.9
653.4
656.0
697.4
710.4
United Kingdom
do
North and South America:
33 525 0 38 099 3 29683 35073 30942 29120
Canada
do
Latin American republics, total #
do.... 18,556.0 24,782.2 1,939.1 2,011.1 2,089.1 1,899.8
563.4
587.1
67.1
47.5
59.8
42.6
Argentina
do....
28257
3 1188
Brazil
do
2406
2197
2586
2323
385.3
439.8
33.0
46.9
35.2
45.3
Chile
do ...
10442
12094
1150
1044
79 1
884
Colombia
do
6 093.9
8,813.4
666.1
710.0
Mexico . .
. . . ...
do .
725.6
621.5
3545
1
5
1659
4759
3936
3929
4760
Venezuela
do
By commodity groups and principal
commodities:
Agricultural products total
mil $ 14 961 6 16 881 0 14909 13823 15090 12674
Nonagricultural products, total
do.... 157,016.5 189,445.5 14,681.1 15,129.2 15,926.7 15,847.6
1
13 521.5 15,170.6 1 325.7 1245 1 1 357.3 1 1729
Food and live animals #
do
6670
5549
450
277
440
377
Cocoa beans
do
38197
37282
3396
2795
3056
2746
Coffee
do
18560
2423
25393
2313
2699
2052
Meats and preparations
do
Sugar
do....
'723.0
974.3
57.6
120.5
67.5
122.5
*2 221 3
25656
2053
217 1
2109
2042
Beverages and tobacco
do
870.1 1,006.0
960.9
919.1
Crude materials, inedible, exc. fuels #
do.... '9,293.8 10,650.5
3,247.1
251.6
Metal ores
do.... 2,811.6
302.6
298.8
306.4
1 1669
Paper base stocks
do
15467
111 7
1568
1229
1256
247.8
231.2
18.8
19.4
20.8
20.5
Textile fibers
do....
Rubber
do
6847
897 1
1005
61 7
953
678
*42 095 8 60 060 9 42406 4 1659 45282 50750
Mineral fuels lubricants etc
do
Petroleum and products
do. .. 39 104.2 56,046.0 4,015.0 3,802.1 4,236.3 4,757.8
X
511.0
739.8
44.2
61.6
Oils and fats, animal and vegetable
do....
40.6
35.0
*6 430 0
74850
6487
6636
5709
Chemicals
do
6983
Manufactured goods #
Iron and steel
Newsprint . .
Nonferrous metals
Textiles
.
do
*27 234.9
do.... 7,259.3
do
2 1007
do.... 5,122.8
do
2200 1
30 065.1
7,466.3
2322 1
6,320.1
22164
2 251.0
479.8
1830
444.4
1829
25964 26698
678.0
644.1
1867
1895
522.8
562.1
1893
2006
24812
626.9
1857
507.9
1796
.
do
*47 590.2
do
24 403 8
do ..
946.7
do
5 1707
do
23 186 1
do.... 20,631.2
1
do.... 19,061.5
'40185
do
53 678.4
28 044 8
1,442.4
6588 1
25 633.6
22,074.6
21,006.0
49047
4 750.0 45093 47125
23137 2291 1 25360
113.4
1354
1197
4825
5239
607 1
24362 22183 2 1765
2,162.9 1,943.1 1,920.8
1,549.5 1,584.5 1 864.4
2870
4483
4064
43286
24020
1218
5644
19266
1,673.5
1,967.9
3602
.
Machinery and transport equipment
Machinery total $
Metalworking
Electrical
Transport equipment.. .
. . .
Automobiles and parts
Miscellaneous manufactured articles
Commodities not classified
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Unit value
1967- 100..
Quantity
do ..
Value
do
General imports:
Unit value
do
Quantity
do ...
Value
do
2187
205.0
59.4
74.0
7.8
8.2
175.1
1717
306.0
258.4
134.2
1495
2,349.1 2,135.5
395.9
367.4
381.5
489.8
470.8
489.9
380.3
469.4
2.7
2.9
2.2
2.2
49
4.7
3.1
5.8
2.6
1,024.0
403.3
110.3
703.4
766.2
351.5
90.8
667.1
803.2
389.3
132.7
712.8
1,016.5
413.8
103.3
789.0
1,070.6
492.3
147.8
807.5
989.3
397.3
41.8
782.3
992.6
379.1
19.1
756.2
1,143.0
401.1
35.4
830.2
1,101.1
328.3
10.6
827.6
3 162.3 3,437.8 35416
2,113.9 2,150.1 2,342.9 2,296.7
42.9
56.4
34.2
35.7
321 1
2645
215.0
3126
50.4
33.9
28.9
35.2
97 1
810
1159
1104
767.0
756.8
943.1
782.8
4067
5243
4649
4774
34264
3 463.1 3,631.3 3,749.4
2,468.5
50.7
2878
51.8
1072
937.0
4628
2,515.5 2,605.8
36.6
62.4
294.3
277.6
55.7
37.6
98.9
109.3
948.9 1,088.4
549.2
5377
3,245.2
2,210.3
32.9
2663
44.2
921
968.5
311 7
28819
1314 1 12576 12552
16,616.9 16,817.9 17,988.2
1,177.1 1,163.2 1,185.5
503
176
301
357.5
297.1
300.8
1570
1658
1623
67.3
70.0
108.0
198.7
2225
217.8
942.0
958.3
852.5
313.9
251.9
302.9
1195
1388
138.1
16.5
21.7
16.1
773
740
627
54604 60844 6,558.7
5,108.2 5,742.7 6,226.0
72.4
66.3
56.8
648.1
612 1
609.9
2 627.6 24840 2,693.4
729.3
697.3
645.8
199.5
173.5
194.7
508.1
626.0
490.8
1887
1823
173.9
4 314.3 4 1835 4,569.4
23954 23626 2455 1
123.5
108.7
123.1
6216
5842
6102
1,918.9 1,821.0 2,114.4
1,671.6 1,566.2 1,758.2
2,046.4 1,871.3 1,991.9
4337
4558
4919
15426 16564 16^49.7 13672 1 536.2 14582
17,115.5 18,140.8 18,489.2 19,271.3 19,524.2 18,222.4
1,449.5 1,470.9 1,466.1 1,203.4 1,351.0 1,278.9
352
267
620
313
253
263
477.0
311.7
354.4
378.1
311.9
453.2
1902
1544
2218
2326
2287
2008
63.6
118.7
117.4
133.3
60.3
156.1
178.6
224.7
247.8
2585
198.5
212.9
878.1
882.4
892.6
988.7
867.1
853.7
287.6
304.6
290.5
301.4
293.8
351.2
144.3
1354
148.3
139.5
184.4
1414
24.2
20.9
19.3
18.7
22.9
20.8
99.9
101 1
590
627
69.5
56 1
54107 68362 6 558.6 7,741.9 73917 63459
4,999.9 6,300.2 6,046.3 7,199.1 6,837.6 5,833.2
58.2
32.7
69.4
97.6
42.3
48.8
697 1
708.5
696 1
726.8
7862
7653
2 721.3 27399 2 916.3 2,815.6 2 909.9 2618 1
580.9
716.7
690.1
689.6
537.2
622.1
220.1
216.5
224.9
2204
2450
2176
574.0
808.0
663.8
804.7
693.0
585.3
2038
1773
2079
2042
2433
2136
4 815.0 46089 4 982.8 4,741.9 5 1042 50820
24559 23663 25194 24007 26569 26136
156.3
145.9
1472
122.8
1367
1742
6047
5687
604 4
6007
6798
6303
2,359.1 2,242.5 2 463.4 2,341.2 2,447.3 24684
1,989.9 1,880.7 2,009.5 2,008.7 2,097.1 2,031.9
1,826.6 1,688.1 1 879.8 1,668.3 1 806.7 18972
5200
5310
5463
6168
4668
5525
224.7
204.9
4603
255.5
227.9
5822
257.1
2133
5484
256.8
2215
5688
264.2
2235
5903
265.6
2135
5672
269.8
2135
5760
266.5
2154
574 1
273.4
243.3
6652
272.6
2434
6634
274.8
2370
651 1
277.0
2264
627 1
276.7
2360
6529
278.7
271 1
7558
2913
221.2
6444
3474
221.7
770 1
3205
226.4
7256
328 1
2258
7409
3353
2329
7810
3452
2218
7657
3515
2280
8015
3628
2150
7799
3722
231.3
8609
3799
219.9
8355
3889
2276
8852
3995
2240
8947
4166
221.6
923 1
4250
2218
9425
thous. sh. tons..
mil $
300,032
77268
357,792
97579
27,463
7381
28,288
7775
31650
8384
31768
8009
32714
8 191
30,101
8072
35,324
9350
32673
9345
34644
9751
28803
8554
27426
8954
thous sh tons
mil $
592 949
115 480
597 254
140 093
51080
11030
48529
10703
51 744
12 170
51439
11 921
50891
12721
51846
12556
52068
12944
44458
12504
51748
13684
44832
13692
47966
14 404
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
Value
General imports:
Shipping weight
Value
See footnotes at end of tables.
2,601.6
54.8
268.4
52.7
140.0
1,095.8
485.0
442.2
May
S-21
SURVEY OF CURRENT BUSINESS
June 1980
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
Apr.
Annual
1980
1979
1979
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers (Scheduled Service)
Certificated route carriers:
Passenger-miles (revenue)
Passenger-load factor
Ton-miles (revenue), total
bil
percent
mil..
Operating revenues (quarterly) # §
Passenger revenues
Cargo revenues
Mail revenues
Operating expenses (quarterly) §
Net income after taxes (quarterly) §
22678
615
29,679
261 98
630
33,386
22,892
18814
1986
387
21,527
1 186
27,169
22757
2210
463
26,977
398
bil..
mil
do....
182.67
3506
808
208.86
3466
852
mil. $..
do....
do.. .
18 189
17,172
856
21,594
21,472
290
bil
mil
do
44 11
2314
374
53 12
2498
372
mil. $..
do....
do....
4,703
4,355
331
5,575
5,505
109
mil. $..
do .
do
do
do....
do
Domestic operations:
Passenger-miles (revenue)
Cargo ton-miles
Mail ton-miles
Operating revenues (quarterly) §
Operating expenses (quarterly) §
Net income after taxes (quarterly) §
International operations:
Passenger-miles (revenue) .
Cargo ton-miles
Mail ton-miles
Operating revenues (quarterly) §
Operating expenses (quarterly) §
Net income after taxes (quarterly) §
20 27
702
2601
2007
658
2593
23 47
699
2939
25 46
687
3 149
2732
694
3333
6,375
5336
532
102
6 103
326
16.28
280
67
15.75
288
70
18.32
294
68
19.71
289
64
21.30
299
70
4 32
199
30
5 15
202
29
2088
586
2,760
7,366
6230
554
114
7244
116
7,256
6012
606
53
7466
-60
15.72
284
66
16.48
324
73
1958
580
2,608
2050
558
2,668
1999
545
2,536
15.85
299
73
16.50
270
97
15.87
253
76
5693
5,670
21
5022
4,781
293
399
196
30
2062
586
2650
5 75
223
28
6 02
202
30
1354
1,322
34
4 90
210
28
1857
55 1
2,416
r
!5.14
262
73
1
15.33
1
13.95
1
13.63
5842
5,979
-28
4 40
247
31
3 73
241
37
1673
1,574
94
4 00
209
43
4 12
179
29
343
194
30
686
679
1414
1,488
32
Urban Transit Systems
Passengers carried total
6
mil
7616
7830
100
16618
100
18799
100
4 398
100
4790
100
5282
495
363
55
140
110
236
224
56
55
55
667
713
694
643
673
655
758
710
633
744
637
4
69 6
279.7
Motor Carriers
Carriers of property, large, class I, qtrly.:
Number of reporting carriers
Operating revenues total
mil $
Net income, after extraordinary and prior period
charges and credits
.
.
mil $
Tonnage hauled (revenue), common and contract
carrier service
mil. tons..
2
Freight carried—volume indexes, class I and II
intercity truck tonnage (ATA):
Common and contract carriers of property
(qtrly.)
average same period, 1967—100
Common carriers of general freight,
seas, adj
1967—100
157
157
181 7
1803
21,836
20333
356
25,714
6572
6 123
96
6478
6 014
101
6926
do....
do
do....
do
21,130
24518
6064
6348
6,517
446
260
794
814
452
423
36
36
280
315
bil
do
1969=100..
8740
858 1
213.1
9024
243.4
233.5
233.7
2433
238 3
236.5
239.8
242.5
2344
230 5
245.9
263.2
263.9
2260
264.5
157
38.83
68
2845
72
170
4569
72
2236
71
167
4294
74
3097
75
181
4650
79
3134
74
190
4608
77
3282
76
180
4650
72
3339
73
170
4625
77
3391
79
173
4739
76
3330
71
191
50 10
84
3429
77
168
4808
71
3323
65
164
4474
55
3261
50
8903
8883
7861
6325
3234
9259
9681
9886
7814
3 170
760
785
798
607
356
772
850
773
622
386
804
1022
'867
679
347
1006
1095
l'l66
816
302
1088
966
1 178
977
279
776
820
926
717
196
787
719
800
668
186
634
643
704
647
175
593
753
798
660
150
62910
56 922
3 523
4 806
7 292
9 556
10 108
6 302
5017
2585
45905
19,909
18630
2
29,489
8 191
1504
50604
21,967
22389
33,110
9084
155 1
4 168
1,811
1680
2,682
798
151 6
4 197
1,816
1755
2,797
719
151 7
4 177
1827
1670
2743
756
152 0
4229
1,823
1738
2,733
790
152 4
4389
1,863
1846
2,937
768
152 9
4260
1,858
1708
2,840
752
153 7
4411
1,890
1844
2,963
790
154 2
mil $..
do....
. . do .
576.4
470.0
85.6
636.0
519.2
802
525
42.2
74
540
45.4
57
540
44 1
65
538
448
61
549
41.9
68
513
42.9
54
• • do
do....
do....
4548
313.5
123.3
491 1
3262
142.7
391
248
11.8
41 1
266
12.8
41 1
266
12.7
408
272
12.0
427
274
13.5
404
262
12.5
159
162
1458
1847
1858
183 6
174 3
175 5
140
1729
1726
161 8
1538
264.7
267.7
2283
269.8
626
692
648
530
258
741
807
851
596
313
1922
691
693
798
674
250
1831
1 846
4335
1,901
1728
2901
771
154 6
4281
1,838
1745
2978
731
155 1
4479
1,960
1817
2,976
806
156 3
4470
1,952
1769
3,000
781
1568
554
44.9
77
540
44.1
79
532
44.0
69
55 1
45.2
70
556
44.3
83
448
276
14.7
420
285
11.6
380
328
3.9
434
29.0
12.7
427
208
12.5
1733
Class I Railroads t
Financial operations, qtrly. (AAR), excl. Amtrak:
Operating revenues, total #
mil. $..
Freight
do
Passenger, excl. Amtrak
do....
Operating expenses
Tax accruals and rents
Net railway operating income
Net income (after taxes)
Traffic:
Ton-miles of freight (net), total, qtrly
Revenue ton-miles qtrly (AAR)
Price index for railroad freight
3
4
87 1
279.7
Travel
Hotels and motor-hotels:
Restaurant sales index.... same month 1967=100..
Hotels: Average room sale
fl
dollars..
Rooms occupied
% of total
Motor-hotels: Average room sale U
dollars
Rooms occupied
% of total
Foreign travel:
U.S. citizens: Arrivals
thous..
Departures
do
Aliens: Arrivals .. ..
do
Departures
do ..
Passports issued
do
National parks visits @
do
COMMUNICATION
Telephone carriers:
Operating revenues #
Station revenues
Tolls, message . . .
.
Operating expenses (excluding taxes)
Net operating income (after taxes)
Telegraph carriers:
Domestic:
Operating revenues
Operating expenses
Net operating revenues (before taxes)
Overseas, total:
Operating revenues
Operating expenses
Net operating revenues (before taxes)
See footnotes at end of tables.
mil $
do....
. . . do
do....
do
2
C
2339
r
340
3289
318
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
1979
Apr.
Annual
June 1980
May
June
July
Aug.
1980
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic Chemicals
Production:
Aluminum sulfate, commercial (17% A12O3) $
thous. sh. tonsChlorine gas (100% C12) t
do
Hydrochloric acid (100% HC1) i
do....
Phosphorus elemental i
do
Sodium hydroxide (100% NaOH) $
do
Sodium silicate anhydrous $
. . . do .
Sodium sulfate anhydrous $
do
Sodium tripolyphosphate (100% Na5P3O10) $
do—
Titanium dioxide (composite and pure) $
do....
1,309
11,052
2,791
441
1,215
12,053
2,974
461
102
1,019
243
41
109
1,037
239
39
95
1,010
253
37
105
1,055
256
31
119
1,030
259
37
88
984
253
43
117
1,044
258
45
105
1,040
253
36
91
1,089
267
42
90
1,015
296
37
102
'992
r
237
38
102
955
242
42
11,326
796
1,168
12,329
778
1,174
1,046
71
93
1,042
69
98
1,039
66
96
1,071
64
102
1,042
55
97
1,023
53
106
1,083
70
103
1,058
66
100
1,113
85
98
1,021
75
102
r
999
r
65
112
953
68
112
739
701
752
724
62
65
61
61
61
64
65
60
57
59
61
62
69
68
67
60
66
55
60
63
63
68
68
72
'9,557
5,261
'10,263
4,172
782
4,616
856
4,439
866
4,351
871
4,320
927
4,245
862
4,157
945
4,130
927
4,215
942
4,172
945
4,027
824
3,973
17,188
7,210
9
2,449
7,934
2,286
9,359
41,088
18,035
7,796
7
1,547
8,559
7
2,396
10,199
42,016
1,571
713
174
781
1,584
682
181
739
1,534
661
161
720
1,408
575
149
664
1,522
596
149
658
1,473
552
157
627
1,439
647
(2)
714
1,642
686
156
744
1,714
771
163
810
1,616
762
(2)
807
1,602
-750
(2r )
790
1,664
827
181
817
208
864
3,604
252
858
3,528
252
r
895
3,538
265
935
3,832
7,663
366
7,640
668
359
813
647
415
591
28,043
3
3,176
17,919
1,576
1,826
291
1,162
73
404
326
8,390
142
277
245
9,275
116
5,386
3,001
90,777
383,395
429,996
Sulfur, native (Frasch) and recovered:
Production
..
.
thous Ig. tons..
Stocks (producers') end of period
do—
Inorganic Fertilizer Materials
Production:
Ammonia, synthetic anhydrous $
thous. sh. tons..
A
'
Ifatp't
do
Nitric acid (100% HNO3) $
... . do ...
Nitrogen solutions (100% N) $
do....
Phosphoric acid (100% P2O5) $
do—
Sulfuric acid (100% H2S04) $
do....
Superphosphate and other phosphatic fertilizers
(100% P2O5):
Production
thous. sh. tonsStocks end of period
do
Potash deliveries (K20)
fl
... do .
Exports total #
Nitrogenous materials
Phosphate materials . .
Potash materials
.
Imports:
Ammonium nitrate
Ammonium sulfate
Potassium chloride .
Sodium nitrate
... . do ..
do....
.... do ..
do
do. ..
do
. . do
do
Industrial Gases
Production:
Acetylene
mil. cu ft .
Carbon dioxide, liquid, gas, and solid
thous. sh. tonsHydrogen (high and low purity)
mil. cu. ft..
Nitrogen (high and low purity)
do
Oxygen (high and low purity)
do—
6
6
194
817
3,448
194
842
3,436
159
846
3,384
183
842
3,430
232
891
3,630
273
983
3,950
252
846
3,577
586
397
555
609
355
546
630
322
698
623
305
614
611
288
705
687
377
724
736
366
657
662
411
574
1,346
212
874
67
2,614
280
1,655
186
2,729
290
1,605
107
2,570
336
1,563
122
2,917
319
1,905
214
2,346
203
1,641
168
1,190
128
815
93
3,379
223
2,585
138
48
70
757
10
37
14
992
11
12
6
774
12
11
5
689
2
20
9
711
31
19
18
918
4
16
22
684
0
31
16
1,060
0
18
15
840
5
28
39
857
13
5,187
430
453
443
424
438
434
461
471
414
470
3,153
95,995
413,556
429,084
258
8,742
31,476
36,433
276
8,151
33,617
37,741
273
7,969
32,257
36,363
281
8,169
32,579
35,496
290
8,089
34,601
34,716
282
7,705
32,013
32,886
270
7,343
33,990
33,353
261
8,162
37,706
35,555
286
8,659
45,374
41,569
257
8,136
38,266
37,835
250
8,474
r
38,895
r
37,582
2.7
12.7
22.3
580.8
2.9
13.8
25.1
564.6
2.4
14.3
21.6
561.6
2.6
13.0
19.2
522.9
2.5
13.5
23.3
528.2
2.6
15.7
22.4
543.5
2.7
12.6
22.1
552.6
2.5
14.1
19.4
528.8
2.5
14.1
21.4
532.4
2.5
12.1
22.2
482.3
3.2
12.9
23.3
514.7
26.8
100.2
94.9
25.8
99.0
102.3
21.1
99.0
102.0
22.8
83.8
82.4
28.8
87.3
98.8
24.5
103.0
88.8
25.5
99.2
76.6
26.7
99.2
81.9
21.0
109.4
77.6
27.2
99.0
74.8
28.1
89.8
83.6
47.3
36.2
6.2
63.6
42.9
37.1
7.4
65.6
48.2
26.9
7.9
66.7
43.8
36.0
6.4
67.5
46.0
44.0
7.2
61.5
53.7
36.2
8.8
61.3
49.4
44.7
9.3
55.7
51.0
45.4
8.6
54.3
54.6
41.5
8.0
53.6
20.1
19.8
3.1
21.7
21.8
3.0
20.8
21.5
2.4
19.7
19.6
2.6
24.5
22.5
4.1
20.1
21.6
2.3
24.4
22.0
3.6
23.8
24.5
2.8
26.0
25.9
4.1
148.4
1,089.4
319.6
538.8
548.2
156.6
1,109.7
311.7
537.6
589.6
156.2
1,077.6
307.5
532.4
513.4
125.0
1,054.3
328.4
508.7
524.9
134.0
1,082.2
347.0
529.1
546.6
144.7
1,035.8
318.9
526.8
514.0
166.3
1,063.0
315.2
516.9
552.2
135.5
1,066.3
298.9
480.7
506.1
122.2
1,065.7
283.2
519.1
514.2
137.9
1,070.5
326.3
504.5
512.9
132.0
1,012.4
298.4
510.8
519.6
574.1
284.0
186.0
104.2
677.8
347.9
209.2
120.7
668.3
352.7
189.6
126.0
638.4
350.3
163.5
124.6
678.4
359.6
184.8
134.0
590.3
287.3
186.1
116.9
648.5
298.0
223.2
127.3
526.8
229.8
187.3
109.7
448.1
196.3
161.5
90.2
r
540.8
r
567.9
258.1
204.2
105.7
7,176
500
6,833
26,247
4
2,622
4
16,741
4
1,827
6
174
823
3,396
5
4
9
r
5
3
Organic Chemicals §
Production:
32.2
'32.2
Acetylsalicylic acid (aspirin)
.mil Ib
1
143.2
'161.6
Creosote oil
mil. gal'181.9
'264.6
Ethyl acetate (85%)
mil Ib
Formaldehyde (37% HCHO)
do— '6,381.0 '6,446.0
290.5
297.8
Glycerin, refined, all grades
do....
'970.4 1'1,116.1
Methanol synthetic
mil gal
1
1,039.2
978.0
Phthalic anhydride
.
mil Ib .
ALCOHOL
Ethyl alcohol and spirits:
506.7
570.3
Production
mil tax gal
420.5
459.0
Used for denaturation
do....
89.9
Taxable withdrawals
.. do .
90.1
53.6
71.2
Stocks end of period
do
Denatured alcohol:
227.7
260.5
Production
mil wine gal
228.8
260.5
Consumption (withdrawals)
do....
2.7
Stocks end of period
do...
4.1
PLASTICS AND RESIN MATERIALS
Production:
Phenolic resins
mil. Ib.. '1,926.0 '1,771.2
'11,359.4 '12,581.8
Polyethylene and copolymers
do
'3,055.3 '3,705.7
Polypropylene . .
do
Polystyrene and copolymers
do— '5,988.6 '6,171.3
Polyvinyl chloride and copolymers
do.... '5,878.0 '6,183.1
MISCELLANEOUS PRODUCTS
5
C
2,232
217
1,443
179
r
r
879
3,896
r
r
703
674
505
471
477
574
c
1,956 15,451
2,387
201
1,256 11,758
807
156
r
See footnotes at end of tables.
mil. Ib..
'2,821.1
2,987.1
mil $
do....
do
do—
6,008.1
8
7,033.0
8
3,417.7
8
2,289.7
8
1.325.6
795.2
781.9
21
31
644
25
52
53
756
17
469
457
449
259
8,433
39,599
37,952
254
8,205
38,913
36,230
3.7
14.1
22.7
534.3
3.7
12.2
19.7
511.6
r
r
r
28.2
90.7
91.6
28.3
95.9
84.2
138.7
117.8
1,116.1 1,059.4
325.8
328.8
422.5
480.7
575.1
496.5
756.9
781.9
235.8
196.8
r
!08.1
612
2,049
219
1,429
106
20
29
719
20
Explosives (industrial), shipments, quarterly
Paints, varnish, and lacquer, shipments:
Total shipments @
Architectural coatings
Product finishes (OEM)
Special purpose coatings
834
3,774
619.5
292.1
205.7
121.6
"351
SURVEY OF CURRENT BUSINESS
June 1980
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
S-23
1980
1979
Apr.
Annual
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production:
Electric utilities, total
By fuels
By waterpower
mil. kw.-hr.. 2,203,891 2 247,197 169,514 178,151 186,668 202 396 204,928 180,605 179,792 177,377 188,946 200,027 187,542
do
1 922 953 1 966 868 144 127 149 108 161 676 179 664 183 533 161 627 159 523 155 027 166 213 174 729 163 210
do ... 280 938 280 329 25388 29,043 24,991 22732 21395 18978 20,269 22350 22,732 25,297 24,332
Sales to ultimate customers, total (Edison Electric
Institute) .. ..
mil kw -hr 2017818 2 077 789 164 615 161 951 167 422 177 453 186 227 179 540 167 594 164 404 170 377 178 424 178 454 175 605
Commercial and industrial:
Small light and power §
do
480 749 494 485 37970 38260 40759 43952 45792 44006 40593 38747 39655 41216 41 186 40777
Large light and power §
do.... 782,141 813,591 67,849 69,148 69,303 68,698 69,959 68,926 68,737 67,405 65,629 65,531 66,328 67,179
370
366
Railways and railroads
do....
4336
4243
345
344
343
349
370
361
333
334
346
342
Residential or domestic
do
679 156 693 851 52745 48493 51 193 58470 63944 60092 51824 52002 58741 65 146 64587 61451
Street and highway lighting
Other public authorities
Interdepartmental .
do
do....
do
14803
49,509
7 125
14757
49,470
7393
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. $.. 69,852.9
77,643.7
GAS
Total utility gas, quarterly
(American Gas Association):
Customers end of period total
Residential
Commercial
Industrial
Other
thous
.
.
Sales to customers, total
Residential
Commercial
Industrial
Other
Revenue from sales to customers, total
Residential
Commercial
Industrial
Other
1 192
3,778
735
5,907.1
1 158
3,789
741
5,911.7
1 108
4,158
566
6,298.6
1 124
4292
580
6,856.5
1260
4256
581
1318
4051
537
1364
4,108
531
1362
4,261
538
1281
4,169
533
1267
4,016
550
7 039.5 6,539.4
6,339.4
6,622.2
7,008.0
7,067.1
7,161.6
14 64
1254
1333
14 72
1249
1383
16 56
1408
1484
32.88
31.79
6 30
9 06
7 79
8 26
4.49
6.85
5.62
6.20
1210
4344
619
1 156
4448
583
7 275.2
45995
46817
46497
46 211
46817
do
do....
do
do....
42382
3,378
189
46
43 137
3,441
193
45
42825
3438
190
45
42622
3356
188
45
43 137
3441
193
45
tril. Btu..
14,748
15,644
3473
2870
3749
do....
do..
do....
do..
5,107
2500
6,841
301
5,077
2506
7,753
309
975
495
1 945
58
435
291
2089
55
1227
624
1822
76
mil. $..
32 150
39380
8505
7321
10532
do....
do
do....
do
12,939
5696
13065
451
14,769
6609
17495
506
2881
1293
4*237
93
1562
822
4839
97
3959
1875
4554
144
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil bbl
Taxable withdrawals
do
Stocks, end of period
do....
Distilled spirits (total):
Production
mil. tax gal..
Consumption, apparent, for beverage purposes
mil. wine gal..
Taxable withdrawals
mil. tax gal..
Stocks, end of period
do. ..
Imports
.
mil proof gal
Whisky:
Production
mil tax gal
Taxable withdrawals
do.
Stocks, end of period
do
Imports
mil. proof gal..
17966
16271
13.76
16 34
1496
1498
16 97
1500
1474
16 77
1557
1450
16 76
1556
1430
16 94
15 13
1483
14 70
1371
1387
15 28
13 64
1259
12 18
11 08
1273
13 14
1252
1337
18667
17 11
1825
1700
772
1199
1462
2001
1726
1527
449.72
233.30
64567
12365
34.44
17.72
66506
970
35.47
18.02
66867
9 70
36.95
19.54
67036
8 46
32.33
1471
66577
9 77
35.92
20 10
65038
9 05
33.44
1996
65687
10 92
38.38
2697
65081
12 87
44.16
2379
64568
16 68
53.60
2088
64567
12 36
79 15
13254
60062
101.89
10127
12705
581 16
95.40
10 98
918
60301
7.51
11 73
962
606 04
7.61
10 98
1047
608 06
6.28
3 95
772
605 23
7.44
5 69
11 51
588 48
6.56
6 75
1086
596 13
8.53
868
1527
589 74
10.20
7 57
1342
585 06
13.33
6 58
1072
581 16
9.60
111.60
39.77
108.58
35.50
7.74
2.43
8.76
2.70
8.84
2.90
6.59
2 12
9.22
356
9.32
333
13.22
434
10.46
325
10.05
324
2309
21.52
8.26
431
2344
22.37
10.03
453
191
1.30
11.65
035
249
1.55
1156
032
189
162
11 46
032
158
124
12 11
033
225
167
1271
026
203
2 18
12 10
038
284
349
1107
052
1 47
3 15
957
063
159
267
1003
054
1 62
121
954
026
147
1.41
856
031
035
032
433 82
32906
55831
87 63
4 09
2742
43876
695
6.66
6 08
2670
397 is
6 66
36 46
2754
366 78
6 46
152 56
2695
484 96
7 14
144 33
3187
564 84
7 23
43 35
28 11
578 59
8 70
17 33
2671
558 31
9 53
6 77
7 80
10.79
31.30
84.38
69.95
11.95
6.98
7 06
30 15
53831
6 87
7.18
4 72
2652
51572
6 39
7.99
5 14
2662
384 29
8 16
8.77
4 90
2392
379 86
7 76
do....
420 24
31556
52721
89 77
244.25
mil. lb..
do....
$ per lb..
994.3
206.9
1.141
924
218.2
1.239
r
992
239.7
1.245
r
830
260.1
1.246
r
725
258.3
1.271
r
643
239.1
1.345
r
605
220.4
1.358
r
780
200.5
1.342
r
758
182.1
1.353
r
840
177.8
1.366
1038
191.2
1.347
99 1
203.3
1.357
3188
1926
r
3404
r
r
3438
r
r
3188
r
3087
175.4
3105
182.0
166.61
1
446.20
236.29
662.51
12860
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
Distilling materials produced at wineries
183 37
16651
1273
2
254.40
6.86
DAIRY PRODUCTS
Butter, creamery:
Production (factory) @
Stocks, cold storage, end of period
Price, wholesale, 92 score (N.Y.)
Cheese:
Production (factory) total @
American, whole milk @
mil lb
do....
Stocks, cold storage, end of period
do....
American, whole milk
do....
Imports
do ...
Price, wholesale, American, single daisies
(Chicago)
$ oer lb..
See footnotes at end of tables.
T
3 519 7
2,074.2
r
984.6
177.8
1.272
C
r
3
r
715 3
2,187 7
r
2105
2097
!930
r
3090
1803
r
2907
1677
'3080
1744
r
2895
1614
r
1017
214.2
1.367
111 1
235.2
1.396
2979
1765
341 1
194.5
3328
2036
r
436.4
357.9
242.2
5121
406.5
2483
4622
377.6
150
5043
416.9
155
5293
431.9
217
5624
461.6
197
5587
460.1
224
5512
456.8
208
5365
436.4
220
5282
424.2
292
512 1
406.5
520
516.0
404.3
11 1
510.5
399.6
67
r
498.1
r
388.9
92
5094
401.9
106
1.301
1.414
1.374
1.376
1.389
1.409
1.458
1.488
1.466
1.447
1.444
1.467
1.472
1.508
1.535
1.413
1.542
S-24
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
1979
Apr.
Annual
June 1980
May
June
July
1980
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS-Continued
Condensed and evaporated milk:
Production case goods @
mil Ib
Stocks, manufacturers', case goods, end of month
or year
mil Ib
Exports
787.9
Stocks, manufacturers', end of period:
Dry whole milk
Nonfat dry milk (human food) @
Barley:
Production (crop estimate) H
Stocks (domestic) end of period
On farms
Off farms
Exports including malt §
Prices, wholesale (Minneapolis):
No 2 malting
No 3 straight
'58.6
'59.2
59.8
58.3
62.0
68.8
118.8
88.4
76.7
76.2
88.6
75.3
2.8
1.8
2.4
3.8
4.8
3.0
3.8
2.9
3.6
3.7
4.0
121,609
64,748
10.60
123,623
65,883
12.00
10,600
5,837
11.60
11,226
6,373
11.50
10,973
6,290
11.50
10,698
5,874
11.60
10,439
5,580
12.00
10,014
4,970
'12.30
10,108
5,159
12.60
9,657
4,761
12.90
10,061
4,995
12.80
10,260
5,606
12.80
9,917
5,488
12.80
10,881
6,081
12.70
10,941
6,345
12.70
74.6
920.4
r
85.3
'908.7
r
9.5
89.8
8.3
U08.5
'7.8
'112.0
4.4
40.1
122.8
4.3
92.6
5.8
84.4
7.1
110.1
8.6
128.3
73.3
12.9
13.0
5.3
8.8
2.1
6.3
7.2
6.8
3.6
14.1
10.1
15.7
6.6
0.714
0.800
0.788
0.794
0.795
0.797
0.801
0.807
0.834
0.840
0.841
0.839
0.839
0.841
0.873
'3,311.2
3,640.3
266.8
283.5
338.8
361.8
352.2
323.4
377.5
342.7
348.3
278.5
281.2
310.0
321.0
9.5
8.3
3643
244.1
1202
4.5
3.2
3.9
4.1
6.7
3.08
2.98
2.98
2.85
2.77
2.63
2.69
2.62
2.62
2.62
2.54
2.58
2.67
2.63
1
2
31.3
378.1
364.3
244.1
120.2
34.5
2.30
2.29
2.67
2.61
2
7,086.7
6,202.6
4,521.1
1,681.5
1,975.2
7,763.8
6,771.8
4,928.3
1,843.4
2,333.5
133.2
2.42
'7.6
79.8
'5.6
'55.9
'5.7
'58.3
'7.3
'56.3
'6.4
'71.9
8.0
75.0
6.1
75.8
8.1
90.1
6.6
112.0
8.2
123.2
7.2
110.2
6.1
96.0
4.9
92.9
4.9
84.4
4.3
92.6
4.7
85.5
4.6
80.5
6.1
'83.3
4.4
112.9
4
228 7
4
150.1
4
0.3
786
1.1
2.3
2.5
2.8
4589
308.6
1503
2.3
2.52
2.50
2.65
2.65
2.62
2.63
2.67
2.69
2.48
2.49
2.92
2.94
5
3
3,232.2
3
2,263.0
3
1,285.7
5
776.3
5
509.5
2.76
2.69
6,771.8
4,928.3
1,843.4
187.5
969.2
198.5
229.9
221.9
225.4
185.5
214.6
222.2
223.6
189.9
184.6
204.8
213.3
2.58
2.74
2.72
2.90
2.69
2.33
2.90
2.88
2.60
2.67
2.56
2.58
2.64
534.4
482.1
406.4
75.6
2
1,675
989
4
2867
4
236.0
4
4.8
0.3
0.5
0.3
0.2
0.3
574.5
4722
102.3
0.2
0.2
1.0
0.8
0.3
0.1
0.1
0.5
1.57
1.47
1.59
1.63
1.60
1.45
1.53
1.66
1.66
1.61
1.52
1.51
1.47
1.52
2.88
213
191
193
123
141
104
106
131
167
76
182
145
422
197
380
232
292
208
364
348
248
146
247
228
507
482.1
4064
75.6
1.64
136.7
2,721
1,800
304
249
139
144
141
80
115
96
190
241
249
175
214
173
8,824
6,130
9,247
6,019
539
599
351
617
198
473
142
419
794
426
1,870
440
2,246
535
822
503
634
434
479
510
1,032
621
620
619
289
490
2,488
4,972
2,503
4,978
1,740
1,340
1,001
717
1,574
1,608
434
310
316
2,503
546
584
2,346
557
1,859
334
2,545
320
2,138
531
2,527
426
2,317
498
584
518
0.177
0.173
0.165
0.165
0.165
0.165
0.190
0.200
0.205
0.205
0.195
0.200
0.220
0.235
0.240
0.240
2
2
2.39
4
9.7
2.44
2.59
2.86
2.45
26.6
2.42
2.74
2.59
19.6
2.50
2.47
2.36
2.38
2.18
2.44
7
26.2
16.3
2.64
24.5
19.0
2.51
2
2
2
2
1,798
2
550
1,248
2,160
1
r
2
1.37
2
r
6.6
95.4
r
"12.60
2
2.39
595.9
559.4
478.8
80.6
15.2
r
11,609
2
449.2
390.3
276.1
114.2
Southern States mills (Ark., La., Tenn., Tex.):
Receipts rough from producers
mil Ib
Shipments from mills, milled rice
do....
Stocks, domestic, rough and cleaned (cleaned
basis) end of period
mil Ib
Exports
.
. do .
Price, wholesale, No. 2, medium grain (Southwest Louisiana)
$ per Ib..
Rye:
Production (crop estimate) jf
mil bu
Stocks (domestic), end of period
do....
Price, wholesale. No. 2 (Minneapolis)
$ per bu..
Wheat:
Production (crop estimate), total
fl
mil. bu..
Spring wheat
fl
do....
Winter wheat jj
do
Distribution, quarterly @ @
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
$ per bu..
See footnotes at end of tables.
'59.8
4.3
Off farms
do
Exports including oatmeal
do
Price, wholesale, No. 2, white (Minneapolis)
$ per bu..
Rice:
Production (crop estimate) ]j
mil bags $
California mills:
Receipts domestic rough
mil Ib
Shipments from mills, milled rice
do....
Stocks, rough and cleaned (cleaned basis), end
of period
mil. Ib..
do....
do...
62.2
90.3
do....
Exports, total, including flour
Wheat only
r
129.2
67.7
4.4
2
do....
do....
do
r
131.7
71.9
68.3
Oats:
Stocks (domestic), end of period, total
On farms
Off farms
. . .
r
134.7
80.3
42.3
.. . $perbu..
do
Stocks (domestic), end of period, total
r
76.7
do
do
do
do
do....
Corn:
Production (crop estimate, grain only) fl .. mil. bu..
Stocks (domestic), end of period, total
do....
On farms
do....
Off farms
do....
Exports including meal and flour
do
Price, wholesale:
Weighted avg., selected markets, all grades
$ per bu..
81.9
r
70.3
'37.0
do....
do
mil. bu..
72.2
73.9
Exports, whole and nonfat (human food)
do....
Price, manufacturers' average selling, nonfat dry
milk (human food) @
$ per Ib
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat)
r
117.1
do
Fluid milk:
Production on farms $
do....
Utilization in mfd dairy products @
do
Price, wholesale, U.S. average
$ per 100 Ib..
Dry milk:
Production:
Dry whole milk @
mil Ib
Nonfat dry milk (human food)@
do....
'796.1
2,142
2
533
1,609
••2,061
8
8
301
4
9247
4
484.9
4
795
'557
2,272.1
1,031.3
1,240.7
17128
772.2
940.6
491
1,632.8
816.4
816.4
1,712.8
772.2
940.6
1,289.4
1,243.5
1,265.1
1,222.5
78.7
77.0
83.1
76.8
106.2
102.2
137.2
133.3
123.6
117.8
134.8
129.6
151.9
149.0
110.8
108.9
119.5
114.9
85.0
82.7
92.5
89.5
101.1
94.7
100.3
98.3
3.24
3.24
4.08
4.03
3.54
3.58
3.85
3.62
4.46
4.12
4.55
4.46
4.21
4.17
4.50
4.40
4.66
4.44
4.55
4.53
4.32
4.59
4.25
4.37
4.22
4.42
4.20
4.19
4.13
3.94
4.48
4.13
3.33
3.73
3.54
3.76
4.24
4.52
4.41
4.66
4.80
4.62
4.43
4.43
4.51
4.33
4.40
4.63
439.8
SURVEY OF CURRENT BUSINESS
June 1980
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
S-25
1980
1979
Annual
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour $
. thous sacks (100 Ib )
Offal $
thous. sh. tons..
Grindings of wheat $
.
thous bu
Stocks held by mills, end of period
thous. sacks (100 Ib.)..
Exports
do. ..
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 Ib..
Winter, hard, 95% patent (Kans. City)
do....
r
26334
457
58874
23280
407
52258
26 137
459
58772
24778
436
55586
22739
397
50530
24553
429
54955
2489
3,813
2218
1223
842
3,975
1971
10.638
10.388
10.513
10.088
10.463
10.075
10.563
10.100
10.713
10.600
1,195
1,241
1,363
1,156
1,407
328
201
411
272
527
382
590
432
610
446
0.295
0.275
0.235
0.230
0.220
16.3
15.7
16.1
16.1
15.7
20
22
27
22
24
23
32
26
28
25
0.662
0.687
0.619
0.648
0.619
3,620
36,948
2,499
31504
200
2366
188
2622
162
2554
52.34
56.16
6924
67.66
77.60
9224
75.00
86.83
10456
73.99
82.20
110 35
74,139
85,425
6,962
48.67
42.13
22.4
18.3
5,169
4,833
425
421
371
384
415
410
455
386
389
448
419
470
466
63.49
67.12
70.50
70.75
65.00
61.52
60.62
67.01
65.91
65.00
67.75
66.00
63.00
61.38
59.50
mil Ib
do
do....
do....
38 119
724
1
1,338
2,072
37 225
'706
1,378
2 178
2 879
783
99
201
3 130
797
100
190
2 990
755
124
214
2 958
686
103
168
3 329
581
109
141
2 876
549
119
142
3 556
'605
135
143
3 306
657
119
188
3 074
706
155
193
3 393
'735
101
196
3 048
716
108
152
3r100
697
144
166
3 310
*714
132
134
do. .
do
do....
do
24610
414
'388
1635
21671
361
366
1 712
1618
420
31
157
1798
421
22
153
1758
'404
35
166
1717
377
24
131
1 955
331
34
106
1649
304
30
107
1979
316
27
107
1813
330
33
149
1725
361
34
154
1917
380
29
156
1735
369
37
111
1 683
^346
42
121
1 769
307
37
93
Price, wholesale, beef, fresh, steer carcasses,
choice (600-700 Ibs.) (East Coast) # .... $ per Ib..
0.839
2
1.022
1.086
1.086
1.036
1.008
0.972
1.018
0.983
1.029
1.055
1.023
1.037
1.032
0.994
25
12
25
13
21
11
22
12
23
12
23
11
26
12
23
11
23
11
27
10
25
9
28
8
28
8
22 624
394
50 352
21970
382
48861
1018
1300
3,323
2713
867
10.438
10.463
10.088
10.000
10.413
10.263
10.113
9.813
9.688
9.488
1,136
1,026
1,170
1,047
1,081
437
281
387
240
387
247
363
224
r
360
r
209
365
203
0.210
0.250
0.250
0.280
0.255
0.240
0.215
16.3
16.1
16.8
16.8
15.5
16.5
15.8
31
24
24
26
24
23
38
23
47
22
24
24
r
23
r
23
31
23
0.640
0.620
0.597
0.663
0.724
0.599
0.563
0.606
0.568
190
2492
216
2862
193
2390
225
2837
210
2593
192
2470
212
2739
187
2486
202
2403
185
2539
68.53
75.00
9425
67.06
72.07
92 39
62.74
72.37
88 74
67.84
77.81
96 68
65.81
76.34
96 48
67.00
78.92
73 88
67.78
77.55
70 00
66.32
76.52
70 00
67.44
78.35
70 88
66.88
72.67
73 88
63.07
66.89
73 60
7,284
6,678
6,734
7,662
6,840
8,736
8,097
7,234
8,036
7,276
7,854
8,454
45.29
43.77
39.98
38.58
38.41
38.80
34.74
36.13
38.30
37.58
37.61
33.97
29.08
29.35
19.4
18.4
15.9
14.4
15.2
15.8
14.8
15.4
13.9
11.9
11.9
277 950
4,860
621 321
283 989
4,933
634 954
22291
382
50205
24573
422
55093
22536
391
50 138
3,214
19711
3,975
18291
752
2689
3,895
1727
8.012
7.467
9.508
9.268
8.300
8.125
9.013
8.800
9.288
9.075
12,554
13,820
1,066
1,232
280
175
387
240
236
128
268
153
0.260
0.260
0.285
186.5
192.0
15.9
38
25
38
23
0.603
thous. animals..
do....
Prices, wholesale:
Beef steers (Omaha)
$ per 100 Ib..
Steers, stocker and feeder (Kansas City) .... do....
Calves, vealers (So. St. Paul)
do
1
23508
403
51995
1 669
r
10.375
10.013
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. Ib..
Stocks, cold storage (frozen), end of period, total
mil. Ib..
Turkeys
do....
Price, in Georgia producing area, live broilers
$ per Ib..
Eggs:
Production on farms @
mil. cases §..
Stocks, cold storage, end of period:
Shell
thous cases §
Frozen
mil Ib
Price, wholesale, large (delivered; Chicago)
$ per doz..
0.225
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
Cattle
Hogs:
Slaughter (federally inspected)
thous. animals..
Prices:
Wholesale, average, all weights (Sioux City)
$ per 100 Ib..
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
Sheep and lambs:
Slaughter (federally inspected)
thous. animals..
Price, wholesale, lambs, average (Omaha)
$ per 100 Ib..
r
!4.3
r
!4.8
r
!4.0
64.58
65.52
71 88
62.75
MEATS
Total meats (excluding lard):
Production total
Stocks, cold storage, end of period
Exports (meat and meat preparations)
Imports (meat and meat preparations)
Beef and veal:
Production, total
Stocks cold storage end of period
Exports
Imports
Lamb and mutton:
Production total
Stocks, cold storage, end of period
Pork (excluding lard):
Production, total
Stocks, cold storage, end of period
Exports
Imports
1.020
mil Ib
do....
300
12
284
11
. mil Ib
do....
do
do
13209
242
'346
347
15270
281
330
361
1 236
278
26
33
1 307
290
33
28
1 211
270
32
35
1 220
225
27
28
1 351
180
25
27
1 204
178
28
25
1551
219
30
28
1 470
'257
29
33
1326
281
34
33
1 449
284
22
32
1 287
271
21
34
1388
291
26
37
1 514
343
32
35
Prices, wholesale:
Hams, smoked composite
$ per Ib..
Fresh loins, 8-14 Ib. average (New York).... do....
0.900
1.092
3
0.806
1.076
0.788
1.114
0.752
1.071
0.707
1.106
0.686
1.064
0.688
1.012
0.731
1.061
0.792
0.965
0.891
0.914
0.927
0.986
0.683
0.973
0.673
0.951
0.712
0.916
6.870
6.866
165.2
1.604
12.8
1.570
8.8
1.650
13.7
1.720
11.8
1.580
15.7
1.570
5.7
1.660
10.1
1.590
10.0
1.545
8.0
1.550
11.1
1.638
9.2
1.735
8.0
1.570
19.5
1.470
1.350
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)
thous. Ig. tons..
Price, wholesale, Accra (New York)
$ per Ib..
209.7
2.500
4
4
Coffee (green):
Inventories (roasters', importers', dealers'),
end of period
thous. bags ]]..
Roastings (green weight)
do
2,347
16299
2521
17005
Imports, total . . . . .
do
From Brazil
do....
Price, wholesale, Santos, No. 4 (N.Y.)
$ per Ib..
Confectionery, manufacturers' sales
. . . mil. $..
18 133
2,679
5
1.484
3,769
19396
1890
1.763
r
4200
2037
252
1.380
313
1619
75
1.480
285
1617
173
1.800
258
1597
216
2.090
240
422
471
295
297
323
384
Fish:
Stocks, cold storage, end of period
See footnotes at end of tables.
mil. Ib..
2724
3755
2405
4303
1 404
250
2.010
403
434
2861
4276
2521
4266
1632
225
2.060
435
1273
44
2.080
461
1593
67
2.050
423
1893
72
2.120
r
369
2020
309
1.890
402
1366
274
2.130
455
427
454
459
471
445
399
1 421
44
2.050
403
r
370
1642
314
2.080
336
355
2.180
P
340
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
1979
Annual
June 1980
Apr.
May
June
July
Aug.
1980
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Cont.
MISCELLANEOUS FOOD PRODUCTS— Cont.
Sugar (United States):
Deliveries and supply (raw basis): §
Production and receipts:
4 574
4731
205
204
123
58
31
83
599
1017
888
636
467
229
10900
10849
3,621
10788
10714
3,494
813
808
3,644
894
890
3,559
949
945
3,280
927
917
2,950
1 107
1099
2,220
861
856
1,977
931
921
2,296
881
874
2,962
841
837
3,494
817
782
3,606
874
829
r
3,563
869
843
3,384
"3,054
14 138
14 924
1422
764
1 241
1053
717
1257
1000
1007
3957
16668
32009
38616
21008
4177
4,810
339
657
637
355
346
357
471
584
231
213
367
392
302
0.164
0.228
0.139
0.222
0.141
0.220
0.146
0.225
0.157
0.226
0.154
0.232
0.157
0.229
0.159
0.229
0.162
0.234
0.180
0.261
0.189
0.250
0.272
0.364
0.200
0.295
0.232
0.315
151 751
174 690
13822
13556
14352
13361
14809
15841
16992
15432
15578
18749
17562
17456
18501
mil lb
do....
40446
106.7
4 206.4
131.9
335.9
122.4
377.2
133.2
335.9
138.3
329.0
135.4
367.1
130.0
334.6
123.9
410.3
131.9
351.9
116.6
337.7
131.9
375.9
136.0
350.2
148.3
r
362.8
r
!58.1
327.2
146.0
Salad or cooking oils:
Production
Stocks end of period @
do
do....
48423
123.0
50755
141.2
399.5
122.0
484.1
138.0
422.6
130.8
426.4
131.8
446.5
126.3
412.5
141.5
438.7
126.7
436.9
133.5
417.1
141.2
431.7
118.8
417.6
145.6
r
450.1
144.9
420.2
143.5
Margarine:
Production
Stocks, end of period @
do
do....
25195
69.5
2 553.2
80.5
186.8
77.3
197.5
75.2
193.0
78.3
188.3
68.7
199.0
77.1
205.9
72.7
225.8
81.6
224.6
64.9
241.5
80.5
235.8
71.6
228.7
80.0
r
231.6
r
73.2
185.0
69.5
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)
$ per lb..
0.529
0.549
0.551
0.546
0.542
0.554
0.560
0.561
0.565
0.565
0.565
0.565
0.565
0.565
0.599
835 0
847.8
55 1
904 8
765.7
566
742
64.6
45.3
829
68.6
44.4
772
58.6
47.0
75 1
64.3
43.6
769
60.9
46.5
677
54.3
49.1
813
72.4
41.4
694
59.4
46.6
724
53.5
56.6
738
61.0
62.8
702
65.2
59.2
r
829
r
65.3
r
833
59.0
49.8
5,815.9
3 219 5
346.6
5,836.3
3 117 6
'390^4
449.1
2599
358.2
488.1
286 7
393.8
469.4
2533
394.0
472.7
2659
372.5
529.2
2700
399.3
462.0
2415
375.7
533.1
2760
403.2
510.6
2517
404.5
492.7
2210
390.4
531.5
2568
420.2
480.6
244 4
440.4
r
501.0
r
2675
r
397.1
500.6
261 1
339.6
768.3
9142
595.6
7483
49.8
69.1
48.5
69.8
39.1
62.0
50.3
50.4
46.3
58.5
47.2
58.0
38.7
54.4
51.5
55.3
40.3
48.5
42.6
50.4
33.9
49.9
38.5
52.1
32.6
45.8
444
10225
40 1
9798
41.6
556
42.0
526
31.6
703
42.8
445
40.2
864
43.7
774
48.2
866
54.2
92 1
40.1
757
51.0
75 1
40.2
50 1
r
46.0
427
40.7
1028
7434
5894
674
457
69.7
522
60.6
492
61.5
41 4
63.9
530
60.3
519
61.8
568
63.3
522
63.0
469
62.3
554
60.0
498
r
70.7
r
64.5
463
r
49.8
r
72.1
43.1
63.1
145 1
118.7
1198
107.5
Deliveries total
For domestic consumption
Stocks, raw and ref., end of period
do
do
do....
Exports raw and refined
sh tons
Imports raw and refined
thous. sh. tons..
Prices, wholesale (New York):
Raw
Refined (excl. excise tax)
2
0.143
0.204
$ per lb..
do....
Tea imports
thous lb
4
4
0.331
0.422
FATS, OILS, AND RELATED PRODUCTS
Baking or frying fats (incl. shortening):
Production
Stocks, end of period @
Animal and fish fats:
Tallow, edible:
Consumption in end products
Stocks end of period
fl
do....
do
Tallow and grease (except wool), inedible:
Production (quantities rendered)
Stocks, end of period
do....
fl
do....
Vegetable oils and related products:
Coconut oil:
Production, refined
Consumption in end products
mil. lb..
do
Stocks refined end of period U
Imports
do
do
Corn oil:
Production* Crude
Production* Refined
Consumption in end products
Stocks, crude and ref., end of period H
Cottonseed oil:
Production* Crude
Production: Refined
.
Consumption in end products
Stocks, crude and ref, end of period
Exports (crude and refined)
Price, wholesale (refined; N.Y.)
do....
do....
537.9
70.3
555.0
65.2
36.1
84.5
48.4
85.6
45.0
89.2
40.5
91.7
45.3
79.8
47.7
70.2
53.2
68.8
50.6
62.7
47.0
65.2
51.4
66.9
46.3
66.1
do
do .
14177
1 207.3
12605
1 1408
1150
1082
1037
979
863
78.7
738
78.7
855
92.7
535
56.7
98.6
69.6
1265
97.0
1199
103.0
1428
119.1
1257
102.7
do....
do....
697.3
127.1
618.2
144.3
48.9
143.1
64.8
141.0
45.9
139.5
41.0
116.9
53.9
117.2
43.1
86.4
44.9
93.1
50.8
129.0
51.1
144.3
55.6
173.2
56.4
198.9
do
$ per lb..
7288
0.332
6330
0.369
513
0.395
525
0.380
63 1
0.380
638
0.405
18.1
0.388
56.6
0.390
34.0
0.365
489
0.340
270
0.285
348
0.255
mil lb
do....
10 621 4
8,618.4
9396
760.1
9647
835.4
9305
742.8
8999
748.3
856.7
762.8
848.9
693.0
1,020.3
805.9
10679
797.6
1 1020
760.3
Consumption in end products
Stocks, crude and ref, end of period U
Exports (crude and refined)
Price, wholesale (N.Y.)
Soybean oil:
Production' Crude
Production: Refined
7200
581 1
do
do
fl
do....
do....
do....
$ per lb..
8,175.2
970.6
1
1,944.5
0.309
11 504 1
9,110.1
52.9
r
465
r
56.6
212.8
58.4
188.7
28 1
0.275
1105
0.243
710
0.215
1 1153 10649
801.9
760.5
1098
1
r
767.7
9937
686.5
r
r
8,656.4
1,030.1
682.4
987.3
775.0
1,043.0
701.6
922.9
711.4
915.4
744.8
815.1
700.9
775.8
781.4
819.8
742.2
867.3
730.1
1,030.1
750.7
1,155.2
2,370.6
0.327
185.6
0.319
107.3
0.311
299.0
0.321
166.2
0.346
187.4
0.340
159.1
0.350
127.8
0.330
208.5
0.332
261.9
0.316
173.4
0.282
250.0
0.289
325.4
0.274
269.6
0.254
719.4
762.9
1,204.5 1,175.9
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) taxable
Exports, cigarettes
See footnotes at end of tables.
mil lb
3
2024
3
0.210
672.6
1,203.9
TOBACCO
Leaf:
Production (crop estimate)
Stocks, dealers' and manufacturers',
end of period
Exports, incl. scrap and stems
Imports, incl. scrap and stems
0.599
1547
mil lb
thous. lb..
do....
5071
687 772
335,981
4883
561 756
377,203
51,797
30,072
42,244
35,464
4518
25,312
26,058
37,980
28,500
29,512
32,767
4928
30,051
32,095
41,608
39,173
78,922
26,044
4883
81,549
23,979
27,970
29,332
52,521
34,263
80,058
38,677
54619
36,353
millions
do....
do
do....
85 135
614,208
3621
74.359
92915
613811
3356
79,717
7713
48354
249
6,417
9082
53,199
291
6,687
8448
52,381
322
7,972
7423
45,798
235
6,698
7827
55,483
310
7,651
6574
49,722
290
5,058
8,483
56,359
324
6,859
7236
49,515
276
7,146
7593
40,044
239
7,432
9239
54,126
256
6,262
9610
48,092
244
6,236
9650
49,533
233
10,928
6.485
6.256
S-27
SURVEY OF CURRENT BUSINESS
June 1980
1978
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
Apr.
Annual
1980
1979
1979
May
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total #
Calf and kid skins
Cattle hides
thous $
thous. skins
thous hides
Imports:
Value, total #
Sheep and lamb skins
Goat and kid skins
thous. $..
thous pieces
do
1
694,617
2,665
24,792
991,707
2,321
23,731
91,698 101,425
'267
'l26
2,130
2,358
88,329
'204
2,034
78,702
'216
1,627
91,814
'l96
2,018
79,971
169
1,993
71,969
'l40
1,830
78,697
143
2,041
71,798
'l57
1,603
60,782
159
1,308
75,134
205
1,705
78,195
337
1,737
58,999
181
1,671
105,600
17,807
1,762
138,800
15,529
2^444
10,500
1,449
'l21
24,800
2,967
'264
16,500
1,425
'231
11,900
1,080
'l34
15,400
1,331
'245
8,600
804
83
7,400
514
170
8,100
598
198
8,000
624
309
9,300
779
144
7,100
641
217
8,900
1074
52
9,800
1,378
6
1.346
0.472
1.687
0.731
2.200
0.893
2.200
0.905
1.770
0.829
1.550
0.777
1.550
0.708
1.360
0.654
1.360
0.677
1.150
0.593
1.100
0.571
1.500
0.591
1.344
0.487
1.150
0.394
0.860
0.381
thous. sq. ft.. ^08,799
187,665
16,480
15,664
18,526
13,153
15,265
14,457
13,895
16,089
15,433
15,769
16,873
18,710
13,024
235.2
329.6
366.7
417.1
394.0
353.8
340.8
294.8
304.9
284.0
291.2
327.2
314.9
284.7
270.4
418,948
381,171
31,918
35,355
30,491
24,374
32,350
29,591
33,470
29,996
27,476
34,044
r
33,363
33,736
314 695
79,353
20,852
2,669
298,929
62^509
15,009
3,552
24,811
5,444
1,280
'280
27,367
6J76
1,345
'352
23,223
5/718
1,097
'351
19,726
3^355
882
341
25,351
5^268
1,300
'341
22,667
5^463
1,197
'l79
26,047
5',588
1,387
'354
23,677
4,811
1,214
204
22,018
3',992
1,125
260
26,790
5,434
1,473
259
r
26,067
r
5,523
1,411
r
281
25,730
6,074
1,531
319
6,179
7,581
452
512
554
570
636
790
698
758
879
689
862
770
780
216.9
181.5
207.0
211.8
219.0
219.0
182.9
219.0
182.9
223.8
182.9
234.6
179.9
234.6
179.9
234.6
179.9
239.5
180.1
240.7
180.1
243.1
189.4
247.9
189.4
2798
628
2 170
2855
592
2 263
2 707
567
2 140
2 791
553
2 238
2879
588
2 291
2 538
543
1 995
Price, wholesale, f.o.b. shipping point:
Calfskins, packer, heavy, 9 1/2-15 Ib
Hides, steer, heavy, native, over 53 lb
$ per lb..
do....
0.860
0.338
LEATHER
Exports:
Upper and lining leather
Price, wholesale, f.o.b. tannery:
Sole, bends, light
3
index, 1967 = 100..
263.2
LEATHER MANUFACTURES
Footwear:
Production total
.
thous pairs
Shoes, sandals, and play shoes, except athletic
thous. pairs..
Slippers
do. .
Athletic
do
Other footwear
do....
Exports
do
Prices, wholesale f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
index, 1967=100..
4
211.3
Women's oxfords, elk side upper, Goodyear
welt
index, 1967=100..
Women's pumps low-medium quality
do
185.3
157.5
4
5
LUMBER AND PRODUCTS
LUMBER—ALL TYPES #
National Forest Products Association:
Production, total
Hardwoods
Softwoods
mil. bd. ft..
do
do
Shipments total
Hardwoods
Softwoods
do
do
do
Stocks (gross), mill, end of period, total
Hardwoods
Softwoods
do....
do
do
2
2
3 119
618
2 501
3219
647
2 572
3 143
664
2 479
3018
612
2 406
3355
689
2 666
3 131
632
2 499
3412
665
2 747
2914
646
2 268
2
2
3 107
604
2 503
3 329
'644
2685
3 087
632
2 455
3 128
567
2561
3 408
649
2 759
3 106
612
2494
3 224
606
2 618
2 777
590
2 187
2631
612
2 019
2 589
552
2 037
5063
1 081
3 982
5207
1 144
4*063
5210
1 167
4 043
5301
1 228
4 073
5374
1 276
4 098
5721
1 327
4 394
37,657
6758
30 899
37 712
6735
30977
36 965
7291
29 674
36 550
6920
29 630
4,795
796
3999
5210
1 167
4 043
4,975
870
4 105
4868
875
3 993
5003
907
4 096
4893
952
3 941
4843
995
3 848
4875
1022
3 853
1300
12 199
1 447
11513
126
925
127
1237
126
1 Oil
106
1010
121
1043
147
999
112
924
124
909
113
771
120
727
116
923
180
896
178
655
mil bd ft
do....
8894
553
8214
529
752
690
596
546
793
617
694
634
639
575
679
592
585
499
634
529
753
664
589
558
575
542
539
565
do
do ...
do
8845
8,906
903
8 201
8238
866
733
747
929
706
740
895
687
722
860
640
677
823
668
698
793
685
662
816
647
626
860
610
604
866
651
618
899
710
695
914
683
591
1 006
449
516
939
Exports, total sawmill products
do
Sawed timber
do
Boards planks, scantlings etc
do
Price, wholesale:
Dimension, construction, dried, 2" x 4", R.L.
$ per M bd. ft..
Southern pine:
Orders, new
mil. bd. ft..
Orders, unfilled, end of period
do....
Production
do .
Shipments
.
do
478
119
359
520
156
363
46
13
33
54
22
32
42
13
29
38
14
24
43
12
31
51
16
35
651
540
726
703
839
43
13
30
44
13
31
36
3
28
44
8
35
34
g
26
53
14
39
58
14
44
253.39
277.24
267.69
271.17
270.53
274.89
303.60
320.46
304.34
283.66
249.76
237.36
236.96
222.70
184.83
2
2
7950
523
622
586
686
566
745
675
691
655
765
671
509
501
669
706
673
636
670
711
726
749
571
523
522
511
544
536
665
654
527
463
594
589
668
597
2
7938
2
563
602
638
632
628
525
2
8267
2
633
594
599
605
640
544
1,169
152,121
1,175
1,178
thous. bd. ft..
209,793
13,321
14,995
Prices, wholesale (indexes):
Boards, No. 2 and better, 1" x 6", R.L.
1967=100..
Flooring, C and better, F. G., 1" x 4", S.L.
1967=100..
329.9
366.2
361.7
362.8
364.9
370.1
372.8
377.6
276.9
301.4
290.4
291.9
293.0
304.0
308.8
311.6
Exports total sawmill products
Imports, total sawmill products
do
do
SOFTWOODS
Douglas fir:
Orders new
Orders, unfilled, end of period
Production
.. .
Shipments
Stocks (gross) mill end of period
.
.
Stocks (gross), mill and concentration yards, end
of period
mil. bd. ft..
Exports, total sawmill products
See footnotes at end of tables.
8,229
505
8264
7932
1 142
1,179
1,138
1,115
15,285
8,585
16,458
1 121
22,263
743
705
1 164
1 175
1214
16,051
28,052
21,203
1208
23793
41269
378.9
377.6
372.9
370.1
371 7
3683
3344
316.0
320.4
320.4
320.4
323.6
326.9
319.3
1 159
18,685
1304
23 153
247.9
189.4
SURVEY OF CURRENT BUSINESS
S-28
1978
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1979
Annual
June 1980
1979
Apr.
May
June
July
Aug.
1980
Sept.
Nov.
Oct.
Dec.
Jan.
Mar.
Feb.
Apr.
May
LUMBER AND PRODUCTS—Continued
SOFTWOODS— Continued
Western pine:
Orders new
.
mil bd ft
Orders unfilled, end of period
do....
Production
do
Shipments
do
Stocks (gross), mill end of period
do ..
9946
469
10033
10067
'dill
403
9857
9843
808
603
833
503
831
524
895
532
989
531
866
488
825
411
703
381
695
403
754
513
586
442
546
364
572
367
814
811
898
933
835
810
829
887
941
990
882
909
950
902
760
733
644
673
608
644
670
657
696
624
563
569
1,295
1309
1,407
1372
1397
1,339
1,290
1,263
1311
1,338
1358
1352
258 44
31726
371.17
34259
338 16
306 16
30195
30948
31641
27735
24042
29136
31497
24234
mil bd ft
do....
1086
9.2
934
73
103
76
69
74
80
6.2
4.4
4.9
4.1
3.7
3.5
do
do....
1047
1063
2.7
10 1
9.5
103
10.1
8.2
6.6
6.6
7.6
5.8
8.9
10.5
Price, wholesale, Ponderosa, boards, No. 3,
1" x 12" R L (6' and over)
$ per M bd ft
2
1 309
1,273
252.62
1 286
HARDWOOD FLOORING
Oak:
Orders new
Orders, unfilled, end of period
Shipments
Stocks (ffross). mill, end of oeriod
7.0
998
967
5.4
8.3
82
8.0
2.1
9.4
91
92
2.0
9.9
85
87
2.7
9.5
70
7.3
2.4
2.6
8.5
92
9.5
80
9.0
3.4
7.4
3.2
8.0
81
7.0
70
6.8
4.8
4.9
5.4
(3)
(3)
5.3
3.5
5.5
10.0
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons..
Scrap
• ••
do
Pig iron
do....
Imports:
Steel mill products
. do. .
Scrap
do....
Pig iron
. do. .
Iron and Steel Scrap
Production
Receipts net
do
Prices, steel scrap, No. 1 heavy melting:
Composite
$ per Ig. ton..
Pittsburgh district
do
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous Ig tons
Imports
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants
Exports
Stocks total end of period
At mines
At furnace yards
.
At U.S. docks
do
do
do....
do
do
do
do
do....
Manganese (mn. content), general imports
do....
Pig Iron and Iron Products
Pig iron:
Production (including production of ferroalloys)
thous. sh. tons..
Consumption
do
Stocks end of period
do....
Price, basic furnace
$ per sh. ton..
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 ..
Steel, Raw and Semifinished
Steel (raw):
Production
thous sh tons
Rate of capability utilization
percent..
Steel castings:
Orders, unfilled, for sale, end of period
thous. sh. tons..
Shipments, total
do....
For sale, total
do....
See footnotes at end of tables.
2,818
11094
105
226
847
20
237
870
1
255
893
6
234
1001
16
250
1,179
8
244
717
7
281
926
2
227
863
4
289
889
1
198
1,139
2
296
992
1
276
1,163
1
321
829
2
21 135
794
655
17518
760
476
1,072
73
47
1655
59
22
1,366
72
113
1,514
104
25
1,784
50
44
1,641
47
39
1,603
50
10
1,652
81
21
1,542
61
33
1,265
51
6
1,667
70
30
1,120
70
35
1,250
49
56
5l 960
'45411
99 133
8277
52 143
59521
98929
8692
4658
4420
8967
8 138
4816
4378
9 114
8272
4539
4393
8728
8444
4392
3910
7969
8763
4 417
3,846
8 101
8,845
4 106
3533
7704
8877
4422
3831
8222
8930
3855
3,422
7438
8,752
3700
3,393
7 121
8,692
3998
3,633
7968
8,398
r
3870
r
3,622
7763
r
8,112
4 198
3,950
8366
7,855
73.84
7829
98.07
101.50
108.20
111.50
93.16
9600
105.33
11400
96.99
102.50
92.03
95.00
88.52
90.00
86.33
86.50
91.01
91.00
93.40
96.50
97.42
101.00
104.24
108.50
104.58
107.50
98.96
103.50
81583
83207
29924
85 123
86633
32698
7069
5043
2,242
7571
9080
3567
7748
9350
3,993
7884
10362
4296
7946
10 195
3,700
7053
9495
2933
6925
9543
2,410
7088
8380
1998
7,380
6611
3,119
6,867
2279
1,856
6,382
1784
1 167
6,677
2 100
1,087
2 138
114 227
116,304
3762
115 892
115,014
4455
13294
10,349
411
48027
20,809
24 173
3,045
15279
10,359
576
50968
19,333
28960
2,675
12 122
8,869
349
11 548
8,899
264
9775
8,165
377
8571
8,507
748
2976
9,331
237
7569
8,891
644
51 451
17,045
31,869
2,537
52013
14,625
35031
2,357
54204
12,003
37584
4,617
55 151
10,700
39 108
5,343
55,753
11,368
38,969
5,416
3526
8,631
149
53,719
15,945
33,875
3,899
2628
8,325
2
55753
11,368
38969
5,416
850
12276
10,932
517
46563
22,406
21 202
2,955
85
12 804
9,701
636
55339
12,469
39301
3,569
842
7443
10,251
343
46745
23,912
19943
2,890
57
51 750
20,555
28 109
3,086
49013
25,132
21645
2,236
122
61
34
85
53
105
76
109
56
54
20237
2,531
66
87,679
88384
889
196.00
86,709
87339
881
203.00
7,726
7729
737
203.00
8,277
8317
739
203.00
8,026
8038
730
203.00
7,505
7774
808
203.00
7,351
7403
860
6,762
6768
876
202.50
6,779
6825
865
202.50
6,258
6301
856
202.50
6,372
6383
881
202.50
6,583
6638
841
203.00
6,357
6401
814
203.00
7,115
6,677
5,906
203.00
203.00
203.00
961
15579
7910
842
14,573
7520
998
1,302
662
993
1339
698
954
1,140
615
927
1 125
620
832
1,224
655
806
1,097
546
842
852
418
844
1,033
541
r
856
r
973
r
66
817
447
57
724
398
63
65
33
61
69
34
54
61
32
51
49
24
35
54
52
54
54
31
52
60
30
46
57
28
57
39
22
47
51
26
137 031
86.8
136013
87.4
12 196
93.4
12789
94.8
12230
93.7
11 821
89.9
11309
86.0
10541
82.8
10891
84.4
9997
80.6
9996
78.0
10658
83.0
9226
69.0
800
1,854
1.640
1,026
2,023
1.767
1,004
160
140
1,062
183
159
1,072
170
148
1,107
141
124
1,122
171
150
1,107
161
138
1,079
186
163
1,080
156
135
1,026
159
136
I
thous sh tons
.
do
Stocks end of period
2,422
9038
51
1
1,006
1 408
173
202.50
942
1 159
679
P
500
r
83.11
87.00
858
1 070
554
47
52
28
46
52
26
10701
82.7
10332
85.3
11 439
88.4
1,080
182
155
1,005
180
151
952
186
158
SURVEY OF CURRENT BUSINESS
June 1980
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
S-29
1980
1979
1979
Apr.
Annual
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
METALS AND MANUFACTURES—Continued
Steel Mill Products
Steel products, net shipments:
Total (all grades)
.
thous sh tons
By product:
Semifinished products ..
do
Structural shapes (heavy), steel piling
do....
Plates
do
Rails and accessories
do....
Bars and tool steel, total
do....
Bars: Hot rolled (incl. light shapes)
do....
Bars: Reinforcing
do....
Bars' Cold finished ...
do
Pipe and tubing
.. . .. do .
Wire and wire products
do....
Tin mill products
. do
Sheets and strip (incl. electrical), total
do....
Sheets' Hot rolled
.
do
Sheets: Cold rolled
do....
By market (quarterly):
Service centers and distributors
do....
Construction, incl. maintenance
do....
Contractors' products
do....
Automotive
do....
Rail transportation
do
Machinery, industrial equip tools
do...
Containers, packaging, ship, materials
do....
Other
do...
Steel mill shapes and forms, inventories, end of
period—total for the specified sectors:
mil. sh. tons..
Producing mills, inventory, end of period:
Steel in process
mil. sh. tons..
Finished steel
do
Service centers (warehouses), inventory, end of
period
mil. sh. tons..
Consumers (manufacturers only):
Inventory, end of period
do....
Receipts during period . . . . . .
. . do.
Consumption during period
do....
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons..
Recovery from scrap (aluminum content)
do....
Imports (general):
Metal and alloys, crude
do.. .
Plates sheets bars etc
do
Exports:
Metal and alloys, crude
do....
Plates, sheets, bars, etc
do
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..
Inventories, total (ingot, mill products, and
scrap) end of period
mil lb
Copper:
Production:
Mine, recoverable copper
thous. tons §..
Refinery, primary
do..
From domestic ores
do
From foreign ores
do....
Secondary, recovered
as refined
do
Imports (general):
Refined, unrefined,
scrap (copper cont.)
thous. tons §..
Refined
do.
Exports:
Refined and scrap
do....
Refined
. ....
do.
Consumption, refined
(by mills etc )
. . .
thous sh tons
Stocks, refined, end of period
do....
Fabricators'
do
Price, electrolytic (wirebars), dom., delivered
$ per lb..
*97 935
X
100 262
7438
10 187
8977
8319
8475
7929
8355
7385
6743
7952
7690
8711
7,296
5496
5,596
9035
2026
17,601
9,958
5303
2245
462
477
739
167
505
535
905
188
505
461
768
169
421
443
762
147
434
446
804
166
513
462
773
173
484
313
744
181
421
476
709
167
393
448
646
178
404
504
729
182
503
485
743
111
563
488
848
185
442
437
721
191
1,369
781
427
154
1,786
1,030
513
234
1556
893
459
196
1,427
838
406
176
1,530
860
466
196
1,349
756
411
173
1 459
793
468
190
1,318
701
444
165
1,160
581
435
137
1,415
764
461
183
1,308
681
460
159
1,334
709
457
159
1,191
645
387
152
8242
2,449
6310
43,507
15995
17284
637
207
426
2,952
1084
1 165
754
237
578
4,699
1672
1888
768
213
531
4,006
1536
1525
678
194
528
3,719
1407
1438
675
203
545
3,673
1366
1418
659
193
543
3,263
1 185
1 298
723
218
522
3,512
1291
1 395
663
179
468
2,984
1071
1 197
677
145
443
2,653
1068
1,010
722
180
573
3,242
1 154
1290
747
170
520
3,036
1085
1216
871
191
685
3,547
1338
1,394
756
167
466
2,925
1078
1,165
5070
M,667
^GOl
1
1,703
'16,91s
1
10,045
'4,704
2084
8399
2,510
6 100
43,609
15447
17,821
17,333
1
9,612
3,480
21,253
3549
5,992
6,595
30 121
18,263
10058
4,021
18624
4 127
6027
6,770
32372
372
366
362
360
363
369
369
369
358
359
366
11.7
80
11.5
76
11.1
85
11.2
77
11.5
76
11.9
75
11.5
75
11.2
76
11.0
73
10.9
74
11.5
76
4,847
2666
1,026
5303
1 055
1602
1677
8426
3,955
2,442
930
3454
1052
1 289
1,504
7857
4,641
2597
1,048
4051
1018
l'552
1758
8057
4,429
2,426
974
3662
1037
1518
1,761
8544
r
36 1
35 1
352
11.4
75
11.1
74
11.3
73
r
2
1,385
2
757
2
300
2
12047
327
2
435
2
442
2
2603
11.4
76
7.1
7.4
68
71
72
72
76
76
73
74
74
73
71
71
10.4
675
66.9
10.1
662
664
98
52
54
100
63
61
100
58
58
103
52
49
103
58
58
105
56
54
102
55
58
102
51
51
10 1
44
45
99
48
50
r
95
r
46
r
50
95
52
52
4,804
1,407
5,023
1,476
402
128
423
131
410
125
428
117
430
134
419
115
435
121
423
119
435
115
431
114
406
111
434
115
7569
207 1
5710
1876
44 3
23 1
578
22 8
36 0
23 5
62 6
16 7
308
16 4
31 9
97
39 4
10 2
40 8
11 1
626
90
61 8
86
45 3
77
47 8
69
45 4
56
126.6
1970
2007
2568
194
19 1
120
263
77
27 7
83
17 6
122
23 0
84
19 0
192
26 0
172
20 2
336
23 2
396
12 4
377
31 9
528
20 9
523
23 2
0.5308
0.5940
0.5800
0.5800
0.5800
0.5800
0.5800
0.6008
0.6532
0.6600
0.6600
13,982
11,346
6,409
2005
14,283
11,241
6,785
1994
1,141
939
524
173
162
166
1 264
1,015
575
181
1 201
963
540
179
1 137
923
525
134
1 186
960
541
151
1084
860
489
144
1 192
931
501
177
1098
836
450
152
1 130
810
457
122
1245
946
537
162
4 940
5 000
5 112
5 072
124.5
1329
121 1
11 8
1170
128 1
116 8
11 3
127.9
1333
124 2
91
5494
5 112
5 017
4 950
4 893
4 921
4 915
4 941
1,490.3
1533 1
14089
124.2
1441 3
15154
1 411 5
103.9
1229
1343
1273
7.1
129.2
134 1
127 5
6.5
1195
1250
118 5
6.5
1160
1168
110 6
63
1280
132 1
124 0
81
1245
1043
94 7
96
1303
1256
115 4
102
1208
1322
121 6
106
115.9
1267
117 8
90
4530
5756
490
475
527
42 7
50 2
49 0
55 2
55 6
458
607.5
4634
341.3
2179
20.5
149
28.0
147
299
23 1
252
172
38 1
280
267
203
306
175
412
232
34.2
250
11.2
29
465
378
69.1
532
321.6
1093
308.9
805
25.5
100
33.0
89
22.9
87
30.3
48
22.9
29
17.8
29
22.5
27
19.9
73
24.6
15
19.8
10
24.2
14
23.6
19
352
116
304
106
633
277
98
287
119
275
109
545
264
106
256
101
243
94
0.9832
0.9123
08824
0.8677
0.9134
0.9585
09911
0.9971
2,417
491
124
0.6651
0.9333
mil lb
do....
do
2769
2,911
565
2952
2,897
579
Lead:
Production:
Mine, recoverable lead
thous. tons §..
Recovered from scrap (lead cont.)
do....
Imports (general), ore (lead cont.), metal
do....
Consumotion. total
do....
582.9
753.1
83.9
1.432.7
520.1
719.0
37.0
64.1
41.8
62.0
42.0
65.2
41.4
51.3
48.8
58.1
34.6
58.2
500
65.0
465
60.7
43.9
54.3
516
59.2
50.4
55.4
49.9
59.6
1.303.6
8.3
109.5
5.2
116.7
2.5
108.5
7.6
91.3
3.9
106.0
5.3
109.3
3.3
112.1
2.7
106.3
6.1
94.0
4.4
97.3
6.5
84.9
2.2
92
47
50
r
386
323
r
25.5
15
1.0645
Copper-base mill and foundry products, shipments
(quarterly total):
Brass mill products
Copper wire mill products (copper cont.)
Brass and bronze foundry products
See footnotes at end of tables.
805
764
146
622
680
146
699
669
142
3.2
May
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
1979
Apr.
Annual
June 1980
May
June
July
Aug.
1980
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND
PRODUCTS— Continued
Lead—Continued
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ARMS
thous. tons §..
Refiners' (primary), refined and antimonial
(lead content)
thous. tons §..
Consumers' (lead content) 1j
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous tons §
Price common grade delivered
$ per Ib
Tin:
Imports (for consumption):
Ore (tin content)
metric tons..
Metal, unwrought, unalloyed
do....
Recovery from scrap total (tin cont )
do
As metal
do.
Consumption total
do
Primary
do
Exports, incl. reexports (metal)
do....
Stocks pig (industrial) end of period
do
Price, Straits quality (delivered)
$ per Ib..
Zinc:
Mine prod recoverable zinc
Imports (general):
Ores (zinc content)
Metal (slab blocks) . .
170.4
105.2
136.5
133.6
113.1
111.9
115.4
114.7
114.1
109.0
105.2
108.1
114.6
19.4
110.8
46.1
118.8
13.1
95.0
12.6
99.0
12.4
102.9
9.2
112.0
11.8
118.4
11.3
117.8
11.2
125.7
24.7
126.2
46.1
118.8
60.9
118.3
66.6
114.4
86.6
0.3365
52.4
0.5264
66.8
0.4800
67.7
0.4880
59.6
0.5651
63.1
0.5807
64.9
0.5791
60.6
0.5800
55.2
0.6106
51.3
0.5726
52.4
0.5595
55.1
44.4
3,873
46,773
21,100
1,565
63,100
47,000
4,529
48,354
17,415
1,880
62,500
49,000
154
5,033
1,405
140
5,400
4,000
260
4,901
7.8140
231
3,337
1,365
165
5,000
4,100
153
4,244
7.9963
621
4,171
l,415
155
1,600
3,900
258
4,238
8.2795
412
4,145
1,395
145
5,300
4,300
305
6,270
7.5952
76
2,872
1,235
140
5,000
4,000
164
5,058
7.6195
34
4,617
1,325
170
5,500
4,500
311
6,097
7.3590
195
3,842
1,525
165
4,900
3,900
270
6,096
7.3952
2
3,361
1,540
180
5,500
4,400
3,418
4,238
7.5389
736
4,882
1,525
150
5,300
4,200
515
6,317
7.5392
46
2,905
1,240
160
4,900
3,800
4,693
5,040
6.2958
700
4,298
1,660
170
5,400
4,300
220
5,938
7.4077
392
7,720
152
6,882
5,750
4,750
353
7,527
302.7
263.7
20.8
22.6
21.7
20.6
25.0
18.5
23.4
21.9
21.4
28.3
26.5
28.2
do
do
207.2
681.1
225.0
527.1
18.1
36.1
10.2
52.9
20.9
58.6
23.1
41.2
15.9
39.4
10.9
36.5
19.0
59.6
24.7
34.8
8.5
35.3
8.1
10.2
30.8
1.8
do
do
99.0
237.3
82.7
230.0
7.1
15.1
7.6
15.1
7.9
22.5
7.1
22.4
6.5
22.1
7.0
22.6
5.4
22.6
6.0
22.3
5.6
22.2
5.4
22.3
7.0
22.1
406.1
38.7
1,127.3
0.8
443.0
44.5
1,008.2
0.3
42.6
3.8
88.4
(2)
41.0
4.2
94.1
2
()
34.2
4.8
90.3
2
()
36.5
3.5
73.6
2
()
33.5
4.6
84.5
2
()
33.2
2.9
72.4
2
()
37.7
4.1
82.4
2
()
36.4
3.0
76.4
2
()
29.0
1.4
71.4
0.1
25.6
2.1
80.4
2
()
25.7
2.0
80.3
2
()
40.4
90.2
0.3899
42.4
89.4
0.3939
41.0
92.3
0.3939
47.0
94.0
0.3940
52.7
84.5
0.3690
52.2
82.3
0.3580
51.0
79.3
0.3621
59.8
78.2
0.3682
55.8
78.9
0.3723
43.1
73.6
30.8
71.4
thous tons §
.
Consumption (recoverable zinc content):
Ores
Scrap all types
Slab zinc: @
Production (primary smelter), from domestic
and foreign ores
thous. tons §..
Secondary (redistilled) production
do
Exports
Stocks, end of period:
Producers' at smelter (ABMS)
1
do
r
r
119.6
123.6
164
4,585
59
3,877
(2)
29.0
322
10.2
29.5
(2)
28.5
38.4
94.6
0.3097
55.8
78.9
0.3730
Heating, combustion, atmosphere equipment, new
orders (domestic), net, qtrly #
mil $..
Electric processing heating equipment
do....
Fuel-fired processing heating equip
do....
286.8
71.4
118.2
372.6
105.5
160.4
Material handling equipment (industrial):
Orders (new) index seas adj
1967—100
336.1
419.4
375.9
400.8
480.8
425.9
471.7
389.9
451.8
408.3
433.5
353.7
437.6
408.8
20,994
25,119
Rider-type
do
Industrial trucks and tractors (internal combustion
51,986
engines), shipments
number..
Industrial supplies, machinery and equipment:
231.1
New orders index, seas, adjusted
1967-69=100..
Industrial suppliers distribution:
236.5
Sales index seas adjusted
1967—100..
Price index, not seas. adj. (tools, material
handling equip., valves, fittings, abrasives,
205.3
fasteners, metal products, etc.)
1967=100..
Fluid power products shipments indexes: *
225
Hydraulic products, seas, adj
1972=100..
200
Pneumatic products, seas, adj
do....
Machine tools:
Metal cutting type tools:
Orders new (net) total
mil. $.. 3,373.45
3,043.15
Domestic
do
2,188.50
Shipments total
do
Domestic
do.... 1,960.10
Order backlog, end of period
do.... 2,980.6
Metal forming type tools:
968.55
Orders new (net) total
do
896.85
Domestic
do....
824.95
Shipments total
do
728.50
Domestic
do
517.7
Order backlog, end of period
do....
24,183
28,654
1,939
2,475
1,955
2,406
2,710
3,102
1,383
1,577
1,808
2,232
2,248
2,435
2,209
2,667
2,082
2,124
2,073
2,233
1,840
2,149
1,809
2,254
2,097
2,446
1,860
2,330
55,782
4,267
4,954
5,948
3,261
4,550
5,108
5,307
4,312
3,367
3,940
4,423
5,016
4,130
261.3
263.5
261.9
257.2
260.3
260.2
258.4
262.2
258.3
257.7
243.6
228.3
225.1
221.4
271.0
269.1
270.8
279.4
276.3
287.1
276.1
274.8
283.4
260.6
260.9
275.2
268.7
275.6
224.7
220.2
221.5
222.8
224.6
227.3
229.1
231.3
232.9
235.0
237.9
240.1
242.8
247.1
272
235
250
228
267
236
265
224
292
261
291
264
270
227
304
246
282
231
288
232
306
233
313
232
285
231
298
237
4,495.10
3,865.80
2,930.05
2,605.50
4,545.7
357.70
329.95
227.15
195.60
3,636.0
389.90
340.35
247.55
218.10
3,778.3
335.95
293.00
261.05
234.40
3,853.2
476.35 352.40 304.05
354.65 383.55 263.35
289.40 267.15 314.45
266.80 241.95 272.85
4,470.8 4,556.1 4,545.7
385.10
321.55
247.85
230.60
4,682.9
1,047.60
919.90
946.50
859.80
618.8
103.95
84.95
77.90
70.55
609.1
86.35
76.85
75.05
69.25
620.5
86.65
67.10
89.50
81.15
617.6
Price, Prime Western
do....
$ per Ib..
33.5
MACHINERY AND EQUIPMENT
Industrial trucks (electric), shipments:
Tractors used in construction, shipments, qtrly:
Tracklaying total
...
.
. units
mil. $..
Wheel (contractors' off-highway)
units
mil. $..
Tractor shovel loaders (integral units only),
wheel and tracklaying types .
units
mil $..
Tractors, wheel, farm, nonfarm (ex. garden and
construction types), ship., qtrly
unitsmil. $..
ELECTRICAL EQUIPMENT
78.55
73.70
63.90
58.55
623.5
70.50
54.25
73.20
60.00
620.8
19,823
1,173.0
5,146
417.1
6,099
404.3
1,563
129.0
48,851
1,728.9
5
40,226
5
1,350.5
12,605
392.3
14,289
472.2
175,245
2,662.1
202,659
3,421.0
56,457
9272
45,864
786.1
Batteries (auto.-type replacement), ship
thous..
56,389
53,746
48,036
40,029
3,332
2,114
3,359
thous..
3,220
3
thous..
17.406
16.616
1.151
1.232
3
64.20
57.55
72.90
66.90
608.9
22,057
1,404.3
6,013
440.0
Radio sets, production, total market
Television sets (incl. combination models),
oroduction. total market
See footnotes at end of tables.
297.90 347.50 475.10
275.35 296.45 397.60
194.80 221.45 273.60
169.90 197.90 243.55
3,956.3 4,082.4 4,283.9
109.7
23.3
567
930
32.5
344
930
21.5
465
1064
24.4
53.6
88.70
83.40
90.65
83.50
618.9
80.50
67.95
94.15
84.95
605.2
98.25
84.45
84.65
73.65
618.8
5,367
377.1
l 289
112.3
81.80
70.35
82.85
75.20
617.8
401.90 rr420.80 357.55
362.00 374.35 329.15
266.75 rr366.80 260.05
242.85 r 321.20 226.80
4,818.1 4,872.1 4,969.6
99.10
91.65
88.70
79.45
628.2
r
!07.85
r
93.40
r
93.20
81.15
r
642.9
2,871
145.6
730
57.7
4,830
356.5
44,028
800.0
48,826
867.1
r
3,830
3,643
5,027
5,137
5,899
5,186
4,647
3,859
3,220
4,534
3,208
3,140
3
3,967
2,689
2,588
3
4,195
1,669
1,864
P3
1.185
1.261
3
1.446
1.360
3
1.050
1.188
3
1.698
1.570
1.469
287
232
57.40
50.15
83.95
73.00
616.3
3,197
3,014
2,557
"1,401
"1,694
1.156
1.265
1.492
S-31
SURVEY OF CURRENT BUSINESS
June 1980
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
Apr.
Annual
1980
1979
May
June
July
Aug.
Sept>
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES—Continued
ELECTRICAL EQUIPMENT— Continued
Household major appliances (electrical), factory
shipments (domestic and export) #
thous..
Air conditioners (room)
do....
Dishwashers
do .
Disposers (food waste)
do
Ranges
do
Refrigerators
do....
Freezers
do
Washers
do....
Dryers (incl gas) . .. .
do
Vacuum cleaners (qtrly.)
do...
33,215
4,037
3558
3312
3217
5890
1521
5038
3621
9 136
33,162
3,749
3488
3316
3003
5,701
1859
4,965
3551
13,019
2,851
638
275
r
279
r
251
412
r
!53
354
233
'3,359
693
308
r
290
r
270
581
186
455
298
2,888
389
268
263
264
562
199
436
273
2047
2,757
164
260
285
262
584
235
390
275
2,696
96
310
273
251
516
187
445
316
2,691
77
293
274
244
539
180
435
311
4,602
2,823
94
356
314
275
518
152
421
325
2,436
139
282
262
244
383
100
384
319
2,257
235
240
242
213
337
101
298
228
4,072
2,763
201
265
290
261
466
130
479
360
2,580
342
250
283
262
375
135
373
278
2,845
434
277
295
215
436
152
421
283
2,183
2,608
416
232
264
211
409
128
374
241
1636
1794
2921
1863
1799
2887
139
144
258
132
153
259
145
173
234
148
125
217
163
149
231
183
160
226
206
149
297
159
142
236
156
152
221
138
123
262
131
133
233
r
!22
r
!51
262
86
118
257
600
131
413.8
545
153
418.6
425
206
423.7
470
167
435.7
350
50
435.1
460
67
435.1
510
145
451.8
60,319
65,880
62,980
67,015
73,135
(2)
50,295
(2)
6,319
47,440
46,601
5,991
6,405
2,238
344
168
164
199
396
151
317
197
GAS EQUIPMENT (RESIDENTIAL)
Furnaces gravity and forced-air shipments thous
Ranges total sales
.
.
do
Water heaters (storage) automatic sales @
do
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production $
Exports
Price wholesale*
Bituminous: t
Production
thous. sh. tons..
do
Index 1967-100
thous sh tons
Industrial consumption and retail deliveries,
total #
thous sh
Electric power utilities
Mfg and mining industries total
Coke plants (oven and beehive)
Retail deliveries to other consumers
475
41
407.3
540
159
409.7
485
127
413.8
54,495
72,100
63,895
75,910
67,560
53,941
42,079
11,402
6,291
55,120
42,898
11,561
6,363
55,067
42,890
11,364
6,093
59,808
46,980
11,953
6,403
460
661
814
875
465
80
407.6
770,000
tons
do
do
do....
621,330
480,171
133,245
71,078
527,759
141,762
76,735
51,339
38,911
11,963
6,500
53,674
41,427
11,853
6,632
55,718
43,909
11,400
6,414
60,123
48,124
11,650
6,475
60,482
48,453
11,700
6,385
do....
7,914
7,131
465
394
409
349
329
Mfg and mining industries total
Oven-coke plants
do
do
Retail dealers
do
360
67,925
69,400
415
48
407.6
r
676,652
r
143,573
126,047
17,166
8,162
62,790
530
124
407.6
^65,127
Stocks, industrial and retail dealers' end of
period total
thous sh tons
Exports
Price, wholesale $
^,750
1,233
411.0
6,160
866
403.1
451.8
(2)
176,411 140,057 148,841 152,738 146,110 150,352 155,762 167,241 176,138 176,411
(3)
156,425 123,554 131,550 134,271 128,802 131,901 136,743 147,486 155,743 156,425 155,336 153,669 154,138
19,646 16,228 16,976 18,140 16,936 18,039 18,587 19,310 19,926 19,646
(2)
9,263
9,540
9,196
9,481
8,583
8,875
9,861 10,028
8,317
8,884
9,472
8,132
10,028
432
469
340
327
372
412
445
340
275
315
(3)
3,990
5,565
4,292
6,017
6,072
5,019
6,091
6,249
6,089
7,315
64,783
5,227
5,895
'459.1
460.6
457.7
458.5
452.8
455.3
452.9
454.6
454.9
451.1
447.4
451.2
452.4
7,414
462.8
.
.. do
Index, 1967-100..
39,825
430.0
thous. sh. tons..
do
^9,009
26,916
^2,900
27,370
4,389
2,292
4,591
2,394
4,324
2,265
4,386
2,426
4,430
2,366
4,367
2,238
4,460
2,189
4,266
2,289
4,444
2,395
4,394
4,204
4,444
do
do
do
do
3,534
3,350
184
2,214
5,163
4,613
549
1,042
3,405
3,219
186
2,263
3,406
3,178
228
2,243
3,168
2,935
233
2,005
3,223
2,949
274
2,033
3,304
3,972
332
1,589
3,715
3,351
364
1,404
4,208
3,794
414
1,052
4,608
4,148
460
1,051
5,163
4,613
549
1,042
5,531
4,859
672
5,781
5,097
684
5,832
5,150
682
do
889
1,545
105
93
206
162
171
177
169
181
73
46
84
189
253
17,775
300.1
19,271
376.5
1,135
326.2
1,335
335.7
1,681
356.4
1,526
370.6
1,523
385.7
1,819
422.1
1,623
436.7
1,867
450.4
2,383
470.8
1,440
513.6
1,632
515.1
2,383
522.8
1,836
533.9
5,500.8
88
5,456.7
85
445.0
84
457.0
84
453.5
86
477.9
87
474.0
86
447.2
84
458.0
83
446.8
84
471.8
85
6,822.2
6,814.3
do
do
3,178.2
591.4
3,114.6
629.6
do....
2,329.7
722.9
2,384.9
685.1
464.3
COKE
Production: $
Beehive and oven (byproduct)
Petroleum coke §
Stocks, end of period: $
Oven-coke plants total
At furnace plants
At merchant plants
Petroleum coke
.
Exports
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
number..
Price, wholesale
Index, 1967=100..
Gross input to crude oil distillation
units $
mil bbl
Refinery operating ratio
% of capacity..
All oils, supply, demand, and stocks:
New supply total Iji
Production:
Crude petroleum $
Natural-gas plant liquids
Imports:
Refined products $
mil bbl
Change in stocks, all oils (decrease, —) $ •— do....
Exports:
Crude petroleum
Refined products
Domestic product demand, total #:£
Kerosene
do
do
do....
do
Distillate fuel oil
do....
Jet fuel
do
Asphalt
do
Stocks end of eriod total ±
C H
t 1
ITnf niched oils natural easolinp ptc
Refined products
See footnotes at end of tables.
do
dn
do
do....
544.8
-34.3
r
!86.8
r
49.7
57.7
74.3
85.5
86.9
6,879.0
2,719.5
64.0
6,728.6
2,580.1
69.0
1,252.6
1,103.2
385.7
1,207.3
1,029.9
391.6
62.6
171.4
515.7
569.1
r
534.4
r
!96.2
r
54.5
'556.8
584.9
265.6
53.9
259.5
54.4
266.2
52.8
r
212.9
'53.3
193.7
r
46.5
214.4
53.4
187.7
r
55.3
197.5
68.4
27.8
'530.6
20.8
9.8
3.4
544.3
24.1
'577.7
575.4
'563.1
596.9
7.6
8.0
7.5
6.5
5.2
7.2
5.5
8.0
7.9
7.4
6.5
8.1
547.8
204.4
4.6
582.3
208.3
6.8
99.3
83.8
32.1
115.4
92.3
33.9
199.7
'58.3
45.8
543.9
5.3
8.6
7.0
6.6
r
'587.3
254.0
50.5
200.5
48.3
9.3
r
r
528.7
213.8
4.0
530.2
216.9
4.3
90.2
74.6
28.8
92.7
'78.1
31.3
81.2
76.6
32.2
79.1
'76.0
34.3
65.3
169.8
584.9
5.8
10.7
42.2
6.4
16.1
41.7
5.6
19.9
38.6
5.5
19.8
42.8
1,342.1
430.3
4
132.0
4
779.8
1,169.9
403.6
119.6
646.7
1,179.2
403.2
118.4
657.5
1,210.4
414.5
119.6
676.3
1,256.1
403.0
124.8
728.4
r
r
544.6
259.0
52.7
r
r
269.7
52.1
569.7
252.3
50.5
563.2
r
r
549.2
224.5
4.3
4
519.6
213.1
4.8
551.5
31.2
7.8
7.1
r
r
266.1
52.3
23.9
60.0
6,900.9
r
256.0
52.3
4
7,011.1
1,277.6
376.3
116.7
784.6
r
587.9
'563.7
228.9
5.0
r
r
'518.1
207.7
4.8
561.8
218.8
5.6
79.8
78.5
33.2
96.2
79.1
32.6
5.8
23.0
44.7
4.8
19.3
40.4
5.8
19.2
50.7
5.3
13.5
53.2
4.3
8.7
57.3
1,280.2
411.9
125.1
743.1
1,308.0
415.0
126.4
766.6
1,328.8
435.9
129.0
763.9
1,338.7
438.6
132.8
767.3
1,342.1
430.3
132.0
779.8
85.9
80.0
33.7
r
r
r
2,061
540.1
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1980
1979
1979
Apr.
Annual
June 1980
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products:
Gasoline (incl. aviation):
Production $
Exports
Stocks end of period
25139
04
2
2403
2044
(i)
2379
2119
01
2297
211.4
219.1
(i)
244 1
215.4
200.8
(!)
(!)
(!)
235.2
232.3
202.9
(»)
221.0
201.2
(!)
232.0
223.3
240.3
367.6
313.0
331.6
349.3
371.0
397.7
422.1
439.2
488.3
459.6
0.878
0.772
0.814
0.878
0.931
0.968
0.990
0.998
1.011
1.051
13 9
2.8
13
8
2
2.7
10
2.6
1i
2.5
14
2.5
14
2.4
15
2.4
16
2.6
14
2.9
1i
2.7
09
2.7
563
143
673
158
55
112
54
122
4.8
130
51
14 4
4.8
142
52
146
5.6
15 1
5.2
159
6.1
158
392.7
539.6
433.0
465.5
504.1
533.4
588.4
633.4
675.2
696.6
706.3
1,156.1
633
12
2165
1,149.0
715
14
2287
88.1
45
01
1150
95.0
58
01
123 1
94.1
54
141 4
102.5
68
03
1713
103.3
67
01
1954
101.0
38
01
2203
100.7
66
03
231 1
97.7
70
(i)
236.6
100.4
71
(i)
2287
398.0
573.9
477.9
504.8
542.3
593.1
632.8
680.6
709.9
715.3
719.9
6086
4946
46
902
498.0
6148
4197
34
959
684.5
493
34.0
01
810
611.9
492
326
02
849
6442
460
26.4
02
809
663.7
489
330
06
866
683.1
493
31.7
04
875
755.7
49 1
29.4
01
878
786.5
499
32.3
03
909
801.1
523
'31.1
01
90.6
821.3
582
39.4
05
959
834.6
3539
337
3687
385
31 2
362
303
375
28.7
357
299
342
32.2
342
287
323
32.4
349
30.8
36 1
33.1
385
do
do
do
695
97
122
709
86
125
59
06
119
64
07
116
5.8
08
113
61
07
116
6.2
06
117
5.3
07
118
6.2
07
11.6
5.8
08
11.6
6.0
10
125
do
do
1729
209
166 7
190
120
318
15 0
307
164
275
169
248
189
210
163
182
167
15.9
139
16.3
11 4
190
5747
4483
1264
111.0
469
362
106
98.8
484
363
120
105.9
472
358
11 5
113.7
484
372
11 2
120.5
482
369
113
125.0
46 1
364
97
130.2
488
38.9
99
126.1
483
38.6
97
119.6
508
40.2
106
111.0
mil bbl
do
do
26305
05
2408
Prices (excl. aviation):
Wholesale, regular $
Index, 2/73=100..
Retail (regular grade, excl. taxes), 55 cities
(mid-month)
$ per gal..
Aviation gasoline:
Stocks, end of period
do....
Kerosene:
Production $
do
Stocks end of period
do
Price, wholesale (light distillate) $
Index, 1967=100..
Distillate fuel oil:
Production $
mil. bbl .
Imports iji
do
Stocks end of period
do
Price, wholesale (middle distillate) $
Index, 1967=100..
Residual fuel oil:
Production $
mil bbl
Imports iji
do
Stocks end of period
Price wholesale $ .
265.0
0.531
do
Index, 1967—100..
Jet fuel: $
Production
Stocks end of period
.
Lubricants:
Production
Exports
Stocks end of period
mil bbl
do
.
Asphalt:
Production
Stocks end of period
..
.
..
Liquefied gases (incl. ethane and ethylene): $
Production total
do
At gas processing plants (L.P.G.)
do
At refineries (L R G )
do
Stocks (at plants and refineries)
do....
561 1
431 5
1295
132.0
4
2
r
r
(!)
(!)
r
r
r
217.2
r
481.1
518.6
559.2
584.2
594.6
1.127
1.190
1.226
1.229
1.234
r
733.9
773.9
833.9
861.7
871.1
r
739.3
794.4
837.6
860.4
867.2
r
945.5
965.3
974.8
929.3
866.2
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks, end of period
thous. cords (128 cu ft )
do
do
74795
74 170
5806
78699
79633
5506
6335
6869
4803
6541
6 741
4603
6913
6 901
4599
6505
6 469
4558
6955
6 644
4847
6465
6448
4943
7505
7 103
5320
6564
6723
5 112
6,479
6057
5506
6,906
6923
5320
6996
6614
5677
Waste paper:
Consumption
Stocks, end of period
thous sh tons
do
12 481
740
12 911
'636
1083
639
1 123
668
1 090
666
1 002
662
1 137
665
1 040
'633
1 150
642
1051
638
985
636
1060
r
652
1051
604
WOODPULP
Production:
Total, all grades #
Dissolving and special alpha
Sulfate
Sulfite . . . .
Groundwood
Semichemical .
thous sh tons
do. ..
do
do
do .
do
49 694
1351
35 108
1643
4807
3552
349 942
1,499
37580
1 785
4447
4632
4096
121
3070
160
378
368
4 368
139
3240
164
384
441
4321
136
3215
155
369
446
4092
125
3046
142
360
419
4393
155
3255
154
387
441
4088
109
3,055
158
370
397
4470
148
3330
161
389
442
4225
130
3260
154
359
321
3874
118
2942
150
355
310
r
4390
146
3380
147
364
r
353
4 163
125
3 195
154
358
331
803
317
426
59
907
409
431
68
939
444
434
61
896
383
452
61
884
382
439
63
892
390
438
64
781
327
386
68
813
360
390
63
834
369
404
61
803
317
426
59
r
377
r
417
r
850
55
888
409
418
62
2,935
764
3
2 170
214
46
168
224
47
177
310
83
227
279
88
191
247
71
176
275
63
211
265
64
201
255
67
189
290
75
215
212
43
169
269
54
215
321
91
230
360
84
276
3
3
3
3
4318
155
4 163
323
10
312
456
8
448
347
6
340
352
8
344
378
18
360
323
21
302
358
6
352
373
18
355
347
11
336
365
15
350
328
14
314
445
13
432
320
24
296
64,875
29260
30014
145
5,456
5,409
2424
2,505
11
469
5,602
2511
2590
12
489
5,436
2422
2,542
11
460
5,156
2319
2,387
8
442
5,712
2579
2622
13
499
5,224
2352
2,408
13
451
5,875
2661
2698
15
500
5,585
2534
2606
14
431
5 120
2378
2358
16
367
r
5,749
T
2656
r
Stocks, end of period:
Total all mills
Pulp mills
Paper and board mills
Nonpaper mills
..
3
do
do
do .
do
Exports, all grades, total
Dissolving and special alpha
All other
. . .
do
do....
do
Imports all grades total
.
Dissolving and special alpha
All other
do
do.. .
do
1080
459
551
70
3
2599
757
3
1841
4025
176
3849
3
r
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades, total, unadjusted
thous. sh. tons..
Paper
do
Paperboard
do .
Wet-machine board
do
Construction paper and board
do....
See footnotes at end of tables.
64,300
28506
30033
136
5,625
2685
13
^'395
2505
2553
12
S-33
SURVEY OF CURRENT BUSINESS
June 1980
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
Annual
1980
1979
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Cont.
Paper and board—Cont.
Producer price indexes:
Paperboard
Building paper and board
1967 — 100..
do
Selected types of paper (API):
Groundwood paper, uncoated:
Orders new
thous sh tons
Orders unfilled end of period .
. do
Shipments
do
Coated paper:
Orders new
Orders, unfilled, end of period
Shipments
Uncoated free sheet papers:
Orders, new
Shipments
. ... .
.
.
179.6
1874
202 1
1824
1979
183 4
1992
183 3
1998
1808
201 7
1780
2064
179 1
2096
1826
2113
1835
2128
1836
2154
184 6
2218
1860
2234
1910
225.9
1987
2302
2013
1408
184
1349
1527
188
1530
115
203
123
115
183
127
126
181
124
130
195
121
136
195
131
124
204
119
139
207
133
105
183
128
107
188
118
169
180
135
119
186
117
138
185
134
118
170
129
r
4535
r
438
4525
391
440
370
375
432
377
337
410
352
393
463
360
399
445
405
348
432
364
378
408
406
401
427
381
364
438
366
r
460
r
381
r
r
407
r
426
r
r
373
r
377
r
398
408
372
7,805
8244
627
668
696
719
674
718
635
646
697
732
628
663
678
739
639
698
602
663
r
730
r
r
646
r
r
686
F
763
652
714
346
do
do....
. do
4428
404
4448
do....
do
7,542
7575
r
r
416
415
390
710
747
Unbleached kraft packaging and industrial
converting papers:
Shipments
thous sh tons
3884
3934
340
349
339
321
337
319
348
333
305
346
335
r
330
Tissue paper production
4215
4525
379
397
387
374
401
367
397
372
337
384
368
r
399
375
8812
8,883
184
8756
8,780
162
726
722
242
723
750
215
720
734
201
720
720
202
736
748
190
696
669
216
765
782
199
749
744
204
732
774
162
111
727
212
738
744
205
782
111
210
766
763
214
do
do ...
do
3418
3429
20
3685
3,689
16
289
291
18
307
305
20
306
304
21
301
304
19
323
322
20
306
305
21
334
334
22
330
328
24
307
315
16
341
334
23
334
333
23
358
351
29
339
346
22
Consumption by publishers ||
do
Stocks at and in transit to publishers, end of
period
thous. metric tons..
6446
6673
575
587
545
519
540
560
598
600
580
516
521
r
578
545
660
628
642
609
625
668
654
612
584
556
628
617
670
r
Imports
thous. sh. tons..
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
Index, 1967=100..
7,484
7,223
568
575
585
577
634
533
590
636
636
619
226.3
249.4
244.7
247.7
247.7
247.7
247.7
247.7
262.1
265.1
268.2
268.2
(33)
.. do
Newsprint:
Canada:
Production
thous metric tons
Shipments from mills
do....
Stocks at mills, end of period
do....
United States:
Production
Shipments from mills
Stocks at mills end of period
Paperboard (American Paper Institute): §
Orders new (weekly avg )
thous sh tons
Orders unfilled
.
do
Production total (weekly avg )
do
Paper products:
Shipping containers, corrugated and solid fiber
shipments
mil so ft surf area
Folding paper boxes shipments
thous sh tons
mil. $..
600
1 368
582
r
613
1 393
608
630
1 638
619
605
1674
619
621
1554
624
599
1554
560
616
1588
616
594
1538
591
632
1547
631
599
1534
619
560
1393
598
243 898
250 643
20 585
21 723
20 960
19 672
22 119
20 325
23562
20327
18 109
27340
2.278.0
27160
2.416.7
2057
180.1
2330
204.2
2287
201.1
2135
188.6
242 1
217.7
218 1
199.1
250 1
227.5
2246
206.2
2202
206.1
r4
()
2 738
21935
r
685
720
624
685
631
269.4
269.4
269.4
2790
2579
21466
20585
2586
20452
r
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
Imports, incl. latex and guayule ....thous. Ig. tons..
76465
125 58
746.23
747.68
61 77
136 63
89.89
6022
130 17
54.96
5895
137 67
81.96
5794
145 95
56.22
63 17
144 38
58.25
5773
135 56
58.90
65 17
13500
46.08
5555
12450
43.62
4790
132 12
47.94
76.82
56.00
73.96
38.90
Price, wholesale, smoked sheets (N.Y.).... $ per lb..
0.496
0.651
0.674
0.754
0.688
0.638
0.655
0.640
0.685
0.670
0.679
0.730
0.865
0.733
0.723
2 475 21
2 436 40
42407
2 528 16
2 339 75
21668
20150
39892
22332
21199
39153
21066
17955
40126
20292
17652
411 28
20275
20229
40222
20995
187.94
40275
21383
202.83
38991
20603
174.53
40205
20755
163.25
40286
254.96
385.10
29.43
28.74
34.61
34.51
39.37
34.90
38.61
36.53
34.76
31.46
34.48
41.98
41.68
11922
11873
14 12
(22)
()
206,687
18,609
18,544
15,603
14,904
16,911
15,985
17,775
14,480
12,340
15,188
15,059
15,082
13,678
213 929
58072
150 781
5 077
19 002
5 185
13 499
319
19 629
5987
13274
368
19 845
5774
13 745
326
15 402
3263
11 780
359
18 500
3*353
14 646
'501
18 764
4*684
13619
462
20 149
5059
14537
553
14 591
3928
10210
452
12 446
2980
9024
442
13700
3,830
9463
407
12 445
3974
8004
467
15558
3,271
11791
496
'43,472
5 328
44,873
6 572
53,540
457
53,033
510
49,362
686
49,397
384
48,422
616
46,002
501
44,357
666
44,546
581
44,873
527
46,760
605
49,993
698
15 180
4,208
10443
528
50,471
1098
3 015
3 576
160
186
210
277
310
438
259
362
493
405
481
420
thous metric tons
Synthetic rubber:
Production
Consumption
Stocks end of period
Exports (Bu. of Census)
Reclaimed rubber:
Production
..
Consumption
Stocks end of period
thous metric tons
.
do
do
thous. Ig. tons..
..
. thous metric tons
do
do
73900
(2)
TIRES AND TUBES
Pneumatic casings, automotive:
Production
Original equipment
Replacement equipment
Stocks end of period
Inner tubes, automotive:
"
See footnotes at end of tables.
thous.. ^23,406
1236
640
1
66 884
do
165 193
do
14 '563
do....
49,220
0.690
S-34
SURVEY OF CURRENT BUSINESS
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1980
1979
1979
Apr.
Annual
June 1980
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
22032
22 101
26005
Apr.
May
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments finished cement
thous bbl
CLAY CONSTRUCTION PRODUCTS
Shipments: @
Brick, unglazed (common and face)
mil. standard brick..
Structural tile, except facing
thous. sh. tons..
Sewer pipe and fittings vitrified
... . do
Facing tile (hollow), glazed and unglazed
mil brick equivalent
Floor and wall tile and accessories, glazed and
unglazed
mi sq ft
Price index, brick (common), f.o.b. plant or N.Y.
dock
1967—100
M51 266
'451 495
35846
44622
48 181
45287
50346
43 106
49559
38096
29202
8,585.6
48.0
9274
8,019.8
43.3
8473
711.2
4.9
633
813.5
6.0
953
754.4
6.5
893
777.1
7.0
874
818.8
7.5
952
675.2
6.2
75.4
789.3
5.0
910
626.5
6.1
653
483.7
4.9
422
58 1
56 1
44
45
60
68
57
44
46
40
46
3017
3143
257
276
272
257
295
25 1
280
25 1
228
234 4
263 1
261 4
263 1
2645
265 9
268 2
2710
2652
2652
2666
thous. $..
829,449
858,080
thous. gross.
327,609
321 999
28713
26,027
27,143
25630
29,357
23470
25,098
28573
317,047
28841
28,088
27327
317,440
27640
25,174
28611
Shipments, domestic, total
do....
Narrow-neck containers:
Food
do....
Beverage
.
do
Beer
do....
Liquor and wine
. • do
Wide-mouth containers:
Food (incl. packer's tumblers, jelly glasses,
and fruit jars)
thous gross
Narrow-neck and wide-mouth containers:
Medicinal and toilet
do....
Chemical, household and industrial
do....
27622
27,025
27,563
61403
106,489
25084
26,686
54995
113,875
25329
1,905
4574
9,766
1816
2,505
4994
10,642
1996
2434
5 176
10059
1808
2 183
5063
10 168
1588
2,878
5571
10388
2074
2,336
4316
8,640
2 129
2197
4472
9386
2586
65062
66517
4754
5398
5272
4470
5905
5549
27,998
3,841
25,856
3,789
45935
2,089
270
48503
2,217
336
47575
2,085
309
48844
1866
292
2,207
334
48991
1,844
284
48029
48637
1 101
1 143
1,300
1 179
1,197
1076
1,321
1251
r
450.1
r
5.8
r
463
407.9
10.3
372
32
35
269
264
2725
2746
21,311
23,324
27262
28 136
r
24,825
25234
r
2,040
4644
9,028
2681
1,555
3939
8,161
2684
2,130
3731
8,701
1991
6313
6014
5073
2315
353
2,233
385
47056
1,661
251
45935
r
2762
2809
28 572
28,578
26903
25,142
2544
3633
9 155
1816
r
2749
r
4887
r
9614
r
2213
2337
4 534
9 145
1746
5517
5244
r
6267
4 731
2,449
306
47556
2462
380
50288
2,526
r
322
50 323
2425
224
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
Glass containers:
Production
Stocks, end of period
do...
GYPSUM AND PRODUCTS
Production:
Crude gypsum (exc. byproduct) .... thous. sh. tons..
Calcined
do ..
Imports, crude gypsum
Sales of gypsum products:
Uncalcined
Calcined:
Industrial plasters
Building plasters:
Regular basecoat
All other (incl. Keene's cement)
Board products, total
Lath
. .
Veneer base
Gypsum sheathing
Regular gypsum board
Type X gypsum board
Predecorated wallboard
43,950
1
216,087
205,321
49631
226,516
14,891
'14041
14,448
13503
1,239
1 140
1,300
1 135
1,250
1075
do....
'8,308
7773
505
621
858
550
978
637
612
703
794
do .
J
5881
5596
467
558
539
531
491
481
513
481
do
*383
379
31
33
30
33
33
28
38
do
do....
140
306
121
283
9
23
12
27
10
24
11
25
11
29
8
23
12
28
mil. sq. ft.
do
do....
do
do ...
do
do....
'16445
137
458
234
12,566
2786
231
16865
125
444
218
12556
3272
249
1377
10
38
21
1039
251
20
1450
12
39
23
1084
271
22
1 321
8
36
20
983
256
18
1438
9
39
18
1073
278
22
1515
10
41
19
1 122
297
25
1323
11
34
19
981
255
24
1565
10
41
20
1 160
308
26
1,238
1 100
1,207
1,191
1,095
1 111
r
1,050
943
963
926
847
563
636
562
390
324
344
35
32
34
35
39
11
22
10
20
20
15
17
14
20
13
1368
9
36
18
1000
286
19
1415
9
31
18
1043
298
16
858
3311
547
689
250
439
812
345
467
5
1401
10
36
16
1006
308
7
1 130
8
29
14
801
254
8
1 110
7
25
14
783
254
8
606
237
369
801
325
476
703
279
424
705
287
418
829
350
479
786
339
447
799
347
452
796
344
452
795
343
452
523
432
391
848
446
402
52 164
TEXTILE PRODUCTS
FABRIC
Knit fabric production off knitting machines (own
use, for sale, on commission), qtrly
mil. lb..
Knitting machines active last working day ....thous..
Woven fabric, finishing plants: *
Production (finished fabric)
mil. linear yd..
Cotton
do
Manmade and silk fiber
do .
Inventories held at end of period
do....
Cotton
do....
Manmade and silk fiber
do....
Backlog of finished orders
do....
Cotton
do
Manmade and silk
fiber
do....
1,720.5
33.3
9,139
3419
5720
880
402
478
9477
4799
4,678
7,998
3228
4770
786
339
447
9,854
5244
4,610
3
762
3335
427
846
374
472
841
450
391
3
3
553
3
235
3
845
369
476
628
267
361
822
358
464
844
446
398
803
428
375
626
266
360
654
242
412
3
818
356
462
672
247
425
805
355
450
804
416
388
817
437
380
827
436
391
836
437
399
818
436
382
732
398
334
784
413
371
72
539
916
4798
9937
12 733
13 835
14 527
318
823
365
458
3
COTTON
Cotton (excluding linters):
Production:
Ginnings
fi
thous. running bales.
Crop estimate
thous. net weight bales §..
Consumption
thous. running bales..
Stocks in the United States, total, end of period #
thous. running balesDomestic cotton total
do
On farms and in transit
do
Public storage and compresses
do....
Consuming establishments
do....
See footnotes at end of tables.
549
10,856
6,079
2
14,262
2
11,229
11226
2316
7,860
1,050
12,933
12929
3,937
8,160
832
2
10
2
14,527
6,140
3
584
484
489
6,756
6751
600
5,058
1,093
5,732
5727
492
4,171
1,064
4,631
4625
383
3,275
967
3
503
472
482
3,790
3785
250
2608
927
16,803
16 799
13 756
2 195
848
16,080
16 076
13451
1878
747
3
630
482
436
15,068
15 064
10*635
3783
'646
14,271
14 268
6*643
6896
'729
12,933
12 929
3937
8 160
'832
3
604
11323
11 315
2 593
7 734
'988
14 262
507
9792
9 786
2*245
6 554
'987
r
513
r
8 129
r
8 123
1
803
r
5
252
r
l',068
3
618
P
6536
P
6 530
p
l 399
P
4 008
p
l,123
281 7
S-35
SURVEY OF CURRENT BUSINESS
June 1980
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1979
Apr.
Annual
1980
1979
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
TEXTILE PRODUCTS—Continued
COTTON AND MANUFACTURES— Cont.
Cotton (excluding linters) —Continued
Exports
thous. running bales..
Imports
thous net-weight bales §
Price (farm), American upland U
cents per lb..
Price, Strict Low Middling, Grade 41, staple 34
(1-1/16"), average 10 markets
cents per lb..
Spindle activity (cotton system spindles):
Active spindles last working day, total
Consuming 100 percent cotton
Spindle hours operated, all fibers, total
Average per working day
Consuming 100 percent cotton
1
902
0
59.9
C
61.0
62.9
63.4
66.2
16.3
6.5
10.4
0.418
4
4.2
16.2
6.4
7.9
0.394
3.2
16.2
6.4
7.1
0.352
2.9
16.4
16.2
20.3
3.5
3.3
3.4
0.20
0.21
0.20
46.2
34.4
47.1
38.1
55.8
38.7
62.9
1,150
1
60.9
72.4
80.7
79.2
79.0
16.4
6.4
10.0
0.402
4
4.1
16.3
6.4
8.7
0.436
3.4
16.3
r
6.3
8.3
0.414
3.3
16.3
6.4
10.0
0.400
4.1
22.6
17.9
16.6
17.2
16.8
3.7
3.9
3.7
3.6
3.6
4.0
0.21
0.18
0.17
0.21
0.22
0.21
0.24
59.0
38.7
62.3
37.1
58.1
40.5
50.6
43.0
54.2
41.6
52.4
57.5
45.2
53.0
390
630
56.0
614
0
58.8
410
(10)
60.9
463
2
59.2
428
0
56.8
n61.3
58.0
60.9
63.4
61.9
62.1
62.2
16.4
6.4
4
9.9
0.398
4
4.0
16.4
6.4
8.2
0.411
3.3
16.4
6.4
8.0
0.398
3.3
16.3
6.4
4
8.5
0.338
4
3.4
16.2
6.4
7.9
0.396
3.3
16.3
6.4
7.8
0.392
3.3
18.9
18.7
19.2
18.2
21.9
16.4
4.9
3.7
3.6
3.6
3.3
4.4
0.30
0.20
0.19
0.19
0.18
457.9
676.2
627.8
506.4
44.1
38.3
50.5
50.0
57.0
40.3
mil. lb..
do
300.9
534.6
316.6
549.4
784
142.7
78.8
128.1
812
1359
800
126.9
do....
do....
do....
3,814.3
3,952.7
923.3
4,136.3
4,282.3
1,011.9
1,059.6
1,067.1
278.8
995.9
1,064.2
263.7
1,023.6
1,094.6
r
239.0
1,017.5
1,107.6
233.1
mil. lb..
do....
15.4
28.7
11.8
35.6
113
37.4
114
318
11.8
356
11.1
343
do....
do...
do
343.4
335.5
98.6
379.8
311.1
152.9
363.7
301 1
100.5
366.6
308 1
143.6
3798
311.1
152.7
3778
347.6
128.0
6,603.0
2,247.0
406.4
384.4
3,703.1
331.2
2,593.1
376.2
6,574.7
2,416.0
396.4
426.5
3,526.2
338.4
2,412.2
389.7
1,681.6
589.3
988
106.5
933 1
86.7
6413
96.1
1,538.4
5784
967
102 1
8148
80.9
5530
89.9
1,641.3
6459
98.5
1059
832.6
853
568.8
1050
5,875
3
58.5
602
2
54.7
6,649
6
57.5
3
61.6
mil
do
bil..
do....
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.) . ..
mil. lin yd.
Orders, unfilled, end of period, compared with
avg. weekly production
no. weeks' prodInventories, end of period, 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-weight §
bales
Imports, raw cotton equivalent
do....
16.4
6.4
102.4
0.394
41.5
16.2
6.4
102.0
0.393
41.7
4,007
3,931
5
16.1
5
5
542
( IO)
1018
4
(,0)
931
737
0
59.8
4
1,025
(10)
916
0
58.5
r
P
60.1
78.3
6.4
3.3
949
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly:
Filament yarn (acetate)
Staple incl tow (rayon)
Noncellulosic, except textile glass:
Yarn and monofilaments
Staple, incl. tow
Textile glass fiber
Fiber stocks, producers', end of period:
Filament yarn (acetate)
Staple, incl. tow (rayon)
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
Staple, incl. tow
Textile glass
fiber
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total #
mil. lin. yd..
Filament yard (100%) fabrics #
do....
Chiefly rayon and/or acetate fabrics
do....
Chiefly nylon fabrics
do
Spun yard (100%) fab., exc. blanketing # .. 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 poly ester /carded cotton printcloth, gray,
48", 3.90 yds./lb., 78x54-56
$ per yd..
65% poly./35% comb. cot. broadcl.,
3.0 oz/sp yd, 45", 128x72, gray-basis,
wh permpresfin
$ per yd.
Manmade fiber knit fabric prices, f.o.b. mill:
65% acetate/35% nylon tricot, gray, 32 gauge,
54" 3 2 oz/linear yd
$ per yd
100% textured polyester DK jacquard, 11 oz./
linear yd., 60", yarn dyed, finished $ per yd..
5
5
0.22
0.25
0.471
0.469
0.476
0.488
0.491
0.486
53.00
32.92
21.28
20.07
40.18
6.33
3.84
33.85
28.59
14.25
58.12
36.12
21.17
22.00
35.64
7.18
4.08
28.46
23.51
11.69
47.25
29.42
18.58
17.83
36.39
7.83
4.96
28.57
23.95
9.20
59.36
29.08
16.04
30.28
39.90
7.71
4.88
32.18
27.28
14.51
69.55
35.31
21.13
34.24
39.62
9.83
6.43
29.79
24.13
12.11
69.01
36.17
19.02
32.84
37.37
8.59
6.02
28.78
23.60
11.66
9.9
0.8
2.0
0.9
8.0
0.7
3.5
2.0
8.1
0.4
3.5
1.7
11.3
1.0
6.1
3.1
4.9
1.6
5.1
2.3
2.30
3.09
2.33
2.90
2.33
2.80
2.38
2.92
2.53
3.10
2.56
3.06
0.22
0.22
0.21
0.22
0.24
0.24
0.21
0.472
0.475
0.475
0.470
0.474
0.469
0.461
441.70
267.28
165.71
174.42
642.59
147.55
87.76
495.04
425.18
242.40
596.58
371.44
228.63
225.13
524.97
102.20
64.58
422.79
360.41
184.50
45.03
27.30
16.76
17.72
38.47
9.96
6.51
28.51
23.72
11.90
49.28
30.64
18.84
18.64
45.19
9.79
5.61
35.43
30.45
16.38
52.81
32.27
21.23
20.54
53.03
9.68
6.29
43.35
37.26
19.99
44.92
28.71
17.00
16.21
52.25
8.34
4.91
43.91
38.44
20.03
46.69
28.90
18.31
17.79
50.84
9.06
6.34
41.78
36.54
18.23
50.61
31.48
19.55
19.13
44.58
6.79
4.69
37.79
31.92
16.50
mil lb
do....
. do
do
102.2
13.0
50.4
23.4
101.4
9.8
42.3
22.0
10.0
0.9
3.9
1.8
8.5
0.8
4.3
2.0
7.8
0.7
3.1
2.3
7.5
0.7
4.1
2.4
7.6
0.8
3.3
1.9
6.7
0.8
2.6
1.6
Wool prices, raw, shorn, clean basis, delivered to
U.S. mills:
Domestic —Graded territory, 64's, staple 2-3/4"
and up
cents per lb..
Australian 64's Type 62 duty-paid
do..
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. lin. yd..
1.90
2.34
2.18
2.77
2.20
2.73
2.20
2.78
2.18
2.82
2.18
2.83
2.18
2.83
2.20
2.93
116.6
119.4
31.3
265
28.2
1,162.3
1,216.6
311.5
310.9
316.3
18,727
179,078
27,856
27,893
6.414
20,404
130,881
26,267
30,411
8.547
0.22
0.492
12
0.21
6
0.765
7
0458
9
1.657
Manmade fiber manufactures:
Exports, manmade fiber equivalent
mil. Ibs..
Yarn, tops, thread, cloth
do....
Cloth, woven
do....
Manufactured prods., apparel, furnishings do....
Imports, manmade fiber equivalent
do....
Yarn tops thread cloth
do
Cloth, woven
do....
Manufactured prods., apparel, furnishings do....
Apparel, total
do....
Knit apparel
do....
56.16
34.73
21.04
21.43
42.35
6.90
4.14
35.46
30.77
16.99
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis):
Apparel class
Carpet class
Wool imports clean yield
Duty-free (carpet class)
4
4
4
4
FLOOR COVERINGS
Carpet, rugs, carpeting (woven, tufted, other),
shipments, quarterly
mil. sq. yds..
11
APPAREL
Women's, misses', juniors' apparel cuttings: @
Coats
thous units
Dresses
do
Suits (incl pant suits jumpsuits)
do
Blouses
thous. dozen..
Skirts
do....
See footnotes at end of tables.
1,612
11,656
2,271
2,601
756
1,860
11,360
2,305
2,683
787
1,957
11,439
2,293
2,599
820
1,781
8,774
1,923
2,109
661
2,419
10,027
2,319
2,625
789
2,002
10,518
2,129
2,259
685
2,017
11,474
2,285
2,784
730
1,787
9,788
1,797
2,563
831
1,037
8,670
1,457
1,886
559
2962
2.31
2.99
0.482
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated in footnotes below, data
through 1976 and descriptive notes are as shown
in the 1977 edition of BUSINESS STATISTICS
1978
1980
1979
1979
Apr.
Annual
June 1980
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
1,137
1093
10,044
559
3,345
26.201
865
760
7,743
650
2,864
22.564
22.392
20.685
21.675
23.254
636.0 1,100.2
5,055 r8,081
269
768
1,187.6
9,118
786
1,364.3
8,546
706
May
TEXTILE PRODUCTS—Continued
APPAREL—Continued Men's apparel cuttings: @
23050
Suits
.
thous units..
Coats (separate) dress and sport
do
16029
Trousers (separate) dress
do. .. 112750
13500
Slacks (jean cut) casual
thous doz
Shirts dress sport inc knit outerwear
do....
42807
Hosierv. shioments
thous. doz. pairs.. 267.683
14402
14967
56 854
7 136
37010
290.453
11
1379
1366
1287
1261
541
2948
23.407
617
3,085
22.091
1245
1 400
640
3222
26.153
719
1012
7,524
446
2,396
26.734
1,160
1358
9,861
599
3 146
25.928
1,123
1298
10,119
778
3,017
26.320
1,204
1218
11,564
847
3,270
27.600
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders new (net) qtrly total
.
. mil. $..
U.S. Government
do....
Prime contract
.
. do ..
Sales (net) receipts or billings qtrly total
do
U S Government
do
Backlog of orders end of period &
do
U S Government
do
Aircraft (complete) and parts
do....
Engines (aircraft) and parts
do....
Missiles, space vehicle systems, engines, propulOther related operations (conversions, modificaAircraft (complete);
Shipments
Airframe weight
Exports, commercial
.
do....
thous. Ib .
mil. $..
MOTOR VEHICLES (NEW)
Passenger cars:
Factory sales (from U.S. plants), total
thous..
Domestic
.
.
do .
Retail sales total not seasonally adj
do....
Domestics §
do....
Imports §
do.. .
Total, seas, adjusted at annual rate
mil..
Domestics §
..
. do. .
Imports §
do....
Retail inventories, end of mo., domestics:
Not seasonally adjusted
thous..
Seasonally adjusted §
do
Inventory-retail sales ratio domestics §
Exports (BuCensus) assembled cars .
To Canada
Imports (BuCensus) complete units
From Canada, total
Registrations U, total new vehicles
Imports incl. domestically sponsored
Trucks and buses:
Factory sales (from U.S. plants), total
Domestic
. thous .
do....
. do. .
do....
do....
do....
thous..
do.. .
15407
5,916
13766
11299
5*965
67706
33336
34,502
8,065
68,838
32976
35,519
8,392
7557
6696
6258
7 697
9 151
9355
6,530.8
54542
3
3,589
11,037.2
80,236
6,149
895.8
6,435
560
929.2
7,013
369
824.6
6,235
384
1,061.5
7,100
723
1,025.7
7,595
599
896.3
6,439
399
765.2
5,517
464
991.7
6,828
534
1,271.6
7,611
658
9,165
8494
8,419
7678
761
706
922
842
820
751
587
541
449
417
630
557
787
702
641
574
494
442
11312
9,312
2000
10,669
8,340
2329
988
764
224
11.1
8.5
2.6
1053
798
256
11.1
8.4
2.6
905
701
204
9.4
7.2
2.3
886
689
197
10.5
83
2.2
916
706
211
11.0
8.9
2.1
775
601
174
10.8
8.7
2.1
899
729
170
9.4
7.3
2.1
775
606
168
9.6
7.2
2.4
1,729
1740
1,691
1594
1,914
1753
2,153
1905
2,026
1932
1,753
1788
1,752
1693
1,775
1704
1,794
1712
25
7332
61.37
311.3
60.0
4
956
4
229
2,034
1810
26
32
73.47
61.38
2594
51.9
28
46.78
36.69
2399
45.0
6
913
8
220
24
3757
26.00
241.6
32.6
6
877
6
193
2.3
64.20
56.11
2160
51.3
6
852
6
193
28
79.79
60.94
235.7
52.5
5
887
5
208
22
24
3
695 12
3
540.90
3
23 881 8
832.7
779 16
590.95
30018
671.2
10,946
1946
10,335
2,339
3,706
3415
Retail sales, seasonally adjusted:
Light-duty, up to 14,000 Ibs. GVW
do.... 3,547.2
164.5
Medium-duty, 14,001-26,000 Ibs. GVW
do....
202.3
Heavy-duty, 26,001 Ibs. and over GVW
do....
Retail inventories, end of period, seasonally
7739
adjusted
thous
Exports (BuCensus), assembled units
do.... 3248.42
Imports (BuCensus), including separate chassis
and bodies
thous.. 31,035.68
Registrations,^ new vehicles, excluding buses not
3,963
produced on truck chassis
thous..
Truck trailers and chassis, complete (excludes
194 976
detachables) shipments
number
Vans
do.... 128,566
6,468
Trailer bodies (detachable), sold separately
do....
29,775
Trailer chassis (detachable), sold separately
do....
RAILROAD EQUIPMENT
Freight cars (new), for domestic use; all railroads
and private car lines (excludes rebuilt cars and
cars for export):
Shipments
number
Equipment manufacturers
do....
New orders
do
Equipment manufacturers
do....
Unfilled orders, end of period
do....
Equipment manufacturers
do
67440
62,400
129 196
124 862
96,255
89944
Freight cars (revenue), class 1 railroads (AAR): t
Number owned, end of period
thous..
Held for repairs % of total owned
Capacity (carrying), total, end of mo
mil. tons..
Averaee oer car
tons..
1225
79
93.96
76.68
See footnotes at end of tables.
12,482
5,111
11,542
11350
5471
49819
25,992
46340
37968
21888
57 160
30223
28,267
5,602
85.73
69.10
2562
63.7
5
987
5
237
6
878
6
212
619
563
'649
578
733
561
171
10.5
8.0
2.5
806
588
218
11.6
8.6
3.1
812
592
220
10.5
7.6
2.9
895
670
225
10.1
7.6
2.5
1,691
1594
1,598
1405
1,610
1409
28
2.4
74.91
51.07
275.4
60.6
5595
40.67
257.9
48.5
5
831
5
196
20
4943
37.33
2795
48.6
5
749
5
201
6332
51.26
286.6
51.5
7
698
7
194
5
725
5
167
271
251
329
298
290
262
219
198
151
136
198
176
251
222
196
171
166
141
2,861.0
151.6
223.2
236.5
15.9
19.2
221.7
13.6
19.8
199.9
12.0
18.6
211.3
13.0
20.9
239.0
10.8
17.7
248.3
10.5
17.7
235.3
11.2
18.0
214.3
11.1
16.6
8148
259.44
9268
21.90
1021 8
28.11
10717
25.95
10999
22.20
10324
14.08
9198
17.59
8772
19.18
974.13
91.20
90.98
70.86
59.92
75.24
83.13
90.50
209 522
138,484
9,154
14,700
4
310
18308
12,326
1,105
874
5
313
20421
13,191
913
943
6
277
16876
10,693
855
1,030
6
289
16426
10,523
622
1,201
6
286
19816
13,548
751
1,584
6
293
17296
11,444
526
1,147
5
313
17580
11,785
546
1,429
10
513
468
3,037
2741
3,468
r
22
10
1222
79
94.04
76.97
1221
78
94.12
77.10
1 224
78
94.40
77.13
1 224
79
94.47
77.19
1 222
77
94.60
77.41
1 221
77
94.46
77.35
1219
78
94.38
77.43
576
2
525
743
541
202
8.3
6.0
2.2
697
499
198
7.4
5.3
2.1
1,567
1,584
1 353 1344
1,598
1329
27
30
21
72.44
62.62
288 1
61.6
6
798
6
218
6938
58.95
295 1
47.2
5
784
5
221
2
2
165
148
176
157
169
148
215.1
9.7
14.8
220.4
10.2
18.3
191.0
10.2
16.4
172.7
8.3
14.2
148.2
7.9
12.8
136.8
5.7
12.8
8508
22.26
8148
19.71
7799
18.81
7660
16.94
746 1
18.94
7435
17.45
721 4
81.16
97.43
97.40
99.06
100.61
105.05
5
248
16 141
10,957
500
1,296
5
265
13627
8,956
326
994
5
232
7
209
6
219
1 217
81
94.27
77.47
1217
80
94.47
77.62
134
5
221
12220 12 197 13 156 11 878
7523
8'025
7081
7,602
r
486
644
559
509
1,423 r l 145 1 262 1053
8884
8 107
8051
7704
7316
8084
6962
5874
8039
90021
8795
7903
7835
7,971
6,618
7,281
7,547
6,884
7,376
7,758
5,608
7,753
83,931
7440
7365
8224
8538
8658
6 129
6993
6639
7799 13701
119291
8719 11873
3776
7010
3471
6639
7799 13288
7538
7890
6 129
113 060
3776
6310
6293
7519 10881
3471
119,201 119,967 125,311 123,911 124,803 123,217 128,029 123,727 119,957 119,201 116458 109 406 100 955
112 749 114 889 120 243 119 335 119793 117 305 121 375 117 422 113797 112749 109 776 104 045 96 165
1217
80
94.47
77.62
2
1 205
81
93.66
77.70
1202
84
93.50
77.80
1 199
81
93.53
78.01
7 893
7546
5 501
2851
91940
84 847
1 201
81
93.84
78.15
114
June 1980
S-37
SURVEY OF CURRENT BUSINESS
FOOTNOTES FOR PAGES S-l THROUGH S-36
General Notes for all Pages:
r
p
e
c
Revised,
Preliminary,
Estimated,
Corrected.
Page S-l
Page S-7
1. Estimates (corrected for systematic biases) for Apr.-June and July-Sept. 1980 based on
planned capital expenditures of business. Planned capital expenditures for the year 1980 appear in the article on plant and equipment expenditures in this issue of the SURVEY.
2. Includes communication.
51 Data for the individual durable and nondurable goods industries appear in the Mar.,
June, Sept., and Dec. issues of the SURVEY.
1. Annual average computed by BEA.
§ For actual producer prices of individual commodities see respective commodities in the
Industry section beginning p. S-22. All data subject to revision four months after original
publication.
# Includes data for items not shown separately.
$ Beginning Mar. 1980 SURVEY, data have been revised (back to 1967) to reflect new
seasonal factors.
# New series. Data back to 1975 will be shown in the 1979 BUSINESS STATISTICS.
Page S-2
t Revised series. Estimates of personal income have been revised back to 1975; revised
data appear on p. 36 of the July 1979 SURVEY.
$ Includes inventory valuation and capital consumption adjustments.
# New series. Detailed descriptions and historical data back to 1959 begin on p. 18 of the
Nov. 1979 SURVEY.
§ Monthly estimates equal the centered three-month average of personal saving as a
percentage of the centered three-month moving average of disposable personal income.
# Includes data for items not shown separately.
51 Revised data back to 1976 will be shown in the 1979 BUSINESS STATISTICS.
Page S-3
1. Based on data not seasonally adjusted.
51 See note "51" for p. S-2.
# Includes data not shown separately.
j Revised series. Data for both the manufacturing and retail sectors have been revised.
For manufacturing see note "t" for p. S-4. For retail see note "t" for p. S-10.
t See note "t" for p. S-4.
§ See note "t" for p. S-10.
# New series. Data back to 1967 are available from the National Income and Wealth
Division, Bureau of Economic Analysis.
Page S-8
1. Computed from cumulative valuation total.
2. Data are no longer available; 1978 annual represents Jan.-July.
3. Data shown here are based on 1979 seasonal factors. Effective Jan. 1980, data are no
longer seasonally adjusted.
51 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 for periods
prior to November 1977 will be shown in the 1979 BUSINESS STATISTICS.
$ Beginning Jan. 1978, based on CPI-U; see note "51" for p. S-6.
# Includes data for items not shown separately.
§ Data for May, Aug., Nov. 1979, and Jan. and May 1980 are for five weeks; other
months four weeks.
@ Data for new construction have been revised back to Jan. 1975 and are available from
the Bureau of the Census, Washington, D.C. 20233.
@@ Monthly revisions back to Jan. 1975 will be shown in the 1979 BUSINESS
STATISTICS.
$$ Monthly data back to Jan. 1970 on the 1972=100 base will be shown in the 1979
BUSINESS STATISTICS.
Page S-4
Page S-9
1. Advance estimate; total manufacturers' shipments for the previous month do not
reflect revisions for the selected components.
2. Based on data not seasonally adjusted.
$ Revised series. Data for both the manufacturing and retail sectors have been revised.
For manufacturing see note "t" for this page. For retail see note "t" for p. S-10.
t Revised series. Data revised back to 1958 to reflect (1) benchmarking of shipments and
inventories to the 1974, 1975, and 1976 Annual Surveys of Manufacturers, (2) recalculation
of new orders estimates, and (3) updating of the seasonal factors. A detailed description of
this revision and historical data appear in reports "Manufacturers' Shipments, Inventories,
and Orders" M3-1.7 (1958-1977), M3-1.8 (1967-1978), and M3-1.9 (1977-1979), available
from the Bureau of the Census, Washington, D.C. 20233.
§ See note "t" for p. S-10.
# New series. Data back to 1967 are available from the National Income and Wealth
Division, Bureau of Economic Analysis.
# Includes data for items not shown separately.
1. Index as of June 1, 1980: building, 284.1; construction, 297.7.
51 Home mortgage rates (conventional first mortgages) are under money and interest rates
on p. S-15.
§ Data include guaranteed direct loans sold.
$ Stmrce: Media Records, Inc. 64-City Newspaper Advertising Trend Chart.
@ Monthly data back to 1972 on the 1972=100 base are available upon request.
Page S-5
1. Advance estimate; total manufacturers' new and unfilled orders for the previous month
do not reflect revisions for the selected components.
2. The Sept., Oct., and Nov. 1979 issues of the SURVEY incorrectly show annual data for
1977 and 1978 and monthly data for 1978 that had been superseded by the August 1979
revision. The Aug. 1979 S URVEY shows the correct data.
3. Based on data not seasonally adjusted.
t See note "t" for p. S-4.
# Includes data for items not shown separately.
$ Includes textile mill products, leather and products, paper and allied products, and
printing and publishing industries; unfilled orders for other nondurable goods industries are
zero.
51 For these industries (food and kindred products, tobacco, apparel and other textile products, petroleum and coal, chemicals and allied products, and rubber and plastics products)
sales are considered equal to new orders.
Page S-6
1. Based on unadjusted data.
2. Beginning Jan. 1978, includes TV and sound equipment and repairs formerly in "health
and recreation."
3. Beginning Jan. 1978, residential.
4. Beginning Jan. 1978, includes additional items not previously priced.
5. Includes bottled gas.
6. Effective Jan. 1980, data are no longer seasonally adjusted.
7. Effective May 1980, data are no longer shown in the SURVEY. Beginning Jan. 1977 data
have been based on the Consumer Price Index.
J Compiled by Dun & Bradstreet, Inc.
# Includes data for items not shown separately.
§ Ratio of prices received to prices paid (parity index).
II Data through 1977 are for urban wage earners and clerical workers; beginning Jan.
1978, there are two indexes, all wage earners and clerical 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 the Bureau of Labor Statistics,
Washington, D.C. 20212.
# New series. Earlier data available from BLS.
t Beginning Jan. 1978, CPI-U.
Page S-10
1. Advance estimate.
2. Effective Jan. 1979 data, sales of mail-order houses are included with department store
sales.
t Effective April 1980 SURVEY, retail trade data have been revised back to 1973. Effective
April 1979 S URVEY, data have been revised from 1967-1972. Revised data and a summary of
the changes are available from the Census Bureau, Washington, D.C. 20233.
# Includes data for items not shown separately.
§ Includes sales of mail-order catalog desks within department stores of mail-order firms.
Page S-ll
1. As of July 1.
# Includes data for items not shown separately.
$ Revisions for Jan. 1977-Oct. 1979 appear in "Current Population Reports," Series P-25,
No. 870. Revisions for July-Dec. 1976 appear in "Populations: Estimates of the Population
of the United States and Components of Change—1940-79," P-25 No. 802 (June 1979),
Bureau of the Census.
t Effective Oct. 1979 SURVEY, data have been revised based on March 1978 benchmark
levels and updated seasonal adjustment factors; effective Oct. 1978 SURVEY, data have been
revised to conform to the 1972 SIC and adjusted to March 1977 benchmark levels, therefore,
data are not strictly comparable with earlier periods. See "BLS Establishment Estimates
Revised to Reflect New Benchmark Levels and 1972 SIC," in Oct. 1979 and Oct. 1978
Employment and Earnings.
51 Effective with the Jan. 1980 SURVEY, the labor force series reflect new seasonal factors.
Data have been revised back to 1975; comparable monthly data for 1975-79 will appear in
Employment and Earnings (Feb. 1980), U.S. Department of Labor, Bureau of Labor
Statistics.
Page S-12
t See corresponding note on p. S - l l .
§ Effective October 1978 SURVEY, includes data formerly shown separately under
ordnance and accessories.
@ Formerly shown as Electrical equipment and supplies.
51 Production and nonsupervisory workers.
Page S-13
t See note "t" on p. S - l l .
§ See note "§" on p. S-12.
@ See note "@" on p. S-12.
51 Production and nonsupervisory workers.
SURVEY OF CURRENT BUSINESS
S-38
June 1980
Page S-14
Page S-19
t See corresponding note on p. S-ll.
H Production and nonsupervisory workers.
$ Earnings in 1967 dollars reflect changes in purchasing power since 1967 by dividing by
Consumer Price Index; effective Mar. 1979 SURVEY, data reflect new seasonal factors for the
CPI.
# Includes data for items not shown separately.
@ Insured unemployment (all programs) data include claims filed under extended
duration provisions of regular State laws; amounts paid under these programs are excluded
from state benefits paid data.
@@ Insured unemployment as a percent of average covered employment in a 12-month
period.
1. See note 1 for p. S-18.
# Includes data not shown separately.
§ Data may not equal the sum of geographic regions, or commodity groups and principal
commodities, because of revisions to the totals not reflected in the components.
@ See note "@@" for p. S-18.
Page S-15
1. Average for Dec.
2. Average for the year.
3. Daily average.
4. Effective April 1980, data are no longer available.
# Includes data for items not shown separately.
§ For demand deposits, the term "adjusted" denotes demand deposits other than
domestic commercial bank and U.S. Government, less cash items in process of collection;
for loans, exclusive of loans to and Federal funds transactions with domestic commercial
banks and include valuation reserves (individual loan items are shown gross; i.e. before
deduction of valuation reserves).
H Adjusted to exclude domestic commercial interbank loans and Federal funds sold to
domestic commercial banks.
$ Data beginning Dec. 1978 reflect a reduction in the 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.
# New series. Beginning Dec. 1978, data are for all investment account securities;
comparable data for earlier periods are not available.
t Revised series. Data are now monthly averages and the coverage has been expanded.
Comparable data back to Dec. 1972 are available from the Federal Reserve Board,
Washington, D.C. 20551.
$$ Rates on the commercial paper placed for firms whose bond rating is Aa or the
equivalent. Data through Oct. 1979 show a maturity for 120-179 days. Beginning Nov. 1979,
maturity is for 180 days.
@ Data through Oct. 1979 show a maturity for 150-179 days. Beginning Nov. 1979,
maturity is for 180 days.
Page S-16
1. Data are for fiscal years ending Sept. 30 and include revisions not distributed to the
months.
t Beginning Jan. 1979 SURVEY, the consumer credit group has been completely
restructured; comparable data for periods prior to Nov. 1977 are available from the Federal
Reserve Board, Washington, D.C. 20551.
# Includes data for items not shown separately.
Page S-17
§ Or increase in earmarked gold (—).
11 At all commercial banks.
f The Federal Reserve has redefined the monetary aggregates. See note on p. S-40.
$ See note on p. S-40 for definitions of the new monetary aggregates.
$$ Includes ATS and NOW balances at all institutions, credit union share draft balances,
and demand deposits at mutual savings banks.
# Overnight (and continuing contract) RP's are those issued by commercial banks to the
nonbank public, and overnight Eurodollars are those issued by Caribbean branches of
member banks to U.S. nonbank customers.
@ Small time deposits are those issued in amounts of less than $100,000. Large time
deposits are those issued in amounts of $100,000 or more and are net of the holdings of
domestic banks, thrift institutions, the U.S. Government, money market mutual funds, and
foreign banks and official institutions.
# Includes data for items not shown separately.
Page S-18
1. 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 back to Jan. 1977 to reflect these changes.
2. Effective Oct. 1979 SURVEY, data are no longer available.
3. Average for Jan.-Aug.
§ Number of issues represents number currently used; the change in number does not
affect the continuity of the series.
H Prices are derived from average yields on the basis of an assumed 3-percent 20-year
bond.
$ For bonds due or callable in 10 years or more.
# Includes data for items not shown separately.
@ Data may not equal the sum of the geographic regions, or commodity groups and
principal commodities, because of revisions to the totals not reflected in the component
items.
@@ Effective Feb. 1979 SURVEY, seasonally adjusted data have been revised to reflect
sums of commodity components; comparable data for periods prior to 1977 will be shown in
the 1979 BUSINESS STATISTICS.
Page S-20
1. See note 1 for p. S-18.
# Includes data not shown separately.
Page S-21
1. Domestic trunk operations only (averaging about 90 percent of domestic total).
2. Annual total; quarterly or monthly revisions are not available.
3. Before extraordinary and prior period items.
4. For month shown.
5. Beginning Jan. 1979, data are based on a new sample of freight shipments for 1976. The
new indexes have been linked to the old indexes to maintain comparability.
6. Data are for unlinked passenger trips.
# Includes data for items not shown separately.
§ Total revenues, expenses, and income for all groups of carriers also reflect nonscheduled
service.
$ Beginning Jan. 1977, defined as those having operating revenues of $50 million or more.
11 Average daily rent per room occupied, not scheduled rates.
@ Beginning Jan. 1979, data include visits to Badlands and Theo. Roosevelt National
Parks (formerly classified as recreational areas). Beginning Jan. 1980, data include visits to
Channel Islands (formerly classified as a monument).
Page S-22
1. Reported annual total; monthly revisions are not available.
2. Data withheld to avoid disclosing operations of individual companies.
3. Beginning Jan. 1979, data include chemically-treated fertilizer and sodium nitrate
containing over 16.3% nitrogen by weight; not strictly comparable with data shown for
earlier periods.
4. Because of an overall revision to the export commodity classification system effective
Jan. 1, 1978, data may not be strictly comparable with those shown for earlier periods.
5. See note "11" for this page.
6. Represents solutions containing ammonia and ammonium nitrate/urea solutions; not
comparable with other published data.
7. Annual total for monthly data where available; not comparable with earlier periods.
8. Data beginning Jan. 1979 are for value of shipments and comprise three new product
categories. Comparable data for these new categories are not available prior to Jan. 1979.
However, the difference between total value of shipments and total factory sales (formerly
shown) is considered statistically insignificant.
9. Reported annual total; includes monthly data withheld to avoid disclosing operations
of individual companies.
# Includes data for items not shown separately.
§ Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
$ Monthly revisions, back to 1975 for some commodities, will be shown in the 1979
BUSINESS STATISTICS.
@ Monthly revisions for Oct. 1976-Feb. 1978 will be shown in the 1979 BUSINESS
STATISTICS.
H Data for Jan. 1977-June 1979 exclude potassium magnesium sulfate; not strictly
comparable with those shown for other periods.
Page S-23
1. Includes Hawaii, not available on a monthly basis; monthly revisions for 1976-78 will
be shown in the 1979 BUSINESS STATISTICS.
2. Reported annual total, including Hawaii; monthly data are preliminary and subject to
change.
§ Data are not wholly comparable from year to year because of changes from one
classification to another.
@ Monthly revisions, for some series back to 1976, will be shown in the 1979 BUSINESS
STATISTICS.
Page S-24
1. See note 4 for p. S-22.
2. Crop estimate for the year.
3. Stocks as of June 1.
4. Stocks as of June 1 and represents previous year's crop; new crop not reported until
June (beginning of new crop year).
5. Previous year's crop; new crop not reported until Oct. (beginning of new crop year).
6. Less than 50 thousand bushels.
7. Ten-month average; Feb. and June prices not available.
8. See note "@@" for this page.
§ Excludes pearl barley.
# Bags of 100 Ibs.
1i Revised crop estimates for 1970-75 will be shown in the 1979 BUSINESS
STATISTICS.
@ Monthly revisions, for some series back to 1976, will be shown in the 1979 BUSINESS
STATISTICS.
t Monthly revisions back to 1975 will be shown in the 1979 BUSINESS STATISTICS.
@@ Data are quarterly except for June (covering Apr. and May) and Sept. (covering
June-Sept.).
S-39
SURVEY OF CURRENT BUSINESS
June 1980
Page S-25
H Includes small amounts of "other hydrocarbons and hydrogen refinery input," not
shown separately.
$ Monthly revisions for the following series will be shown in the 1979 BUSINESS
STATISTICS: bituminous coal—back to 1975; coke—back to 1977; petroleum and products—back to 1976; anthracite coal production—1977; and wholesale price indexes
covering bituminous coal and petroleum and products—1977.
1. See note 4 for p. S-22.
2. See note "#" for this page.
3. Effective Mar. 1979, prices are for Central U.S. and Los Angeles; comparability not
affected.
4. Prices for Sept. 1977-Mar. 1979 are estimated; actual price not available. Annual
average for 1978 reflects those estimates. Annual average for 1979 is based on actual price
Page S-32
(Apr.-Dec.).
1. Less than 50 thousand barrels.
5. Average for five months (Aug.-Dec.).
2. See note 4 for p. S-31.
§ Cases of 30 dozen.
3. Reported annual totals; revisions not allocated to the months.
IT Bags of 132.276 Ibs.
4. Beginning Jan. 1979, price includes taxes formerly excluded and is an average based on
$ Monthly revisions back to Jan. 1975 will be shown in the 1979 BUSINESS
48 cities; comparable prices for earlier periods are not available.
STATISTICS.
t See note "$" for p. S-31.
@ Monthly revisions back to 1976 will be shown in the 1979 BUSINESS STATISTICS.
# Includes data for items not shown separately.
# Effective Feb. 1979, prices are for Central U.S. (including East Coast); comparability is
not affected.
Page S-33
Page S-26
1. See note 4 for p. S-22.
2. Beginning Aug. 1978, prices are estimated; not comparable with those shown for earlier
periods. Annual average for 1978 represents Aug.-Dec.
3. Crop estimate for the year.
4. Beginning Sept. 1979, estimated prices are derived from a different source and are not
comparable with those shown for earlier periods. Annual average for 1979 represents Sept.Dec.
§ Monthly data reflect cumulative revisions for prior periods.
@ Producers' and warehouse stocks.
U Factory and warehouse stocks.
Page S-27
1. See note 4 for p. S-22.
2. Annual total; monthly revisions are not available.
3. Average for Jan.-May and July-Dec.
4. Average for Jan.-Oct.
5. Average for July-Dec.
# Includes data for items not shown separately.
Page S-28
1. Annual data; monthly revisions not available.
2. Average for 11 months; price not available for Nov.
3. Effective Jan. 1980, data are no longer available.
Page S-29
1. Annual data; monthly revisions are not available.
2. For month shown.
§ Beginning with Jan. 1979 data, units are metric tons; to convert, multiply short tons by
0.907185.
Page S-30
1. Data beginning Jan. 1978 exclude stocks of lead base bullion in transit and at refineries.
2. Less than 50 tons.
3. Data are for five weeks; other months 4 weeks.
4. For month shown.
5. Data withheld to avoid disclosing information for individual companies in the 4th
quarter of 1979. Annual total for 1979 is the sum of available data.
§ Beginning with Jan. 1979 data, units are metric tons; earlier data are shown in short
tons; to convert, multiply short tons by 0.907185.
H Includes secondary smelters' lead stocks in refinery shapes and in copper-base scrap.
@ All data (except annual production figures) reflect GSA remelted zinc and zinc
purchased for direct shipment.
# Includes data not shown separately.
* New series. These indexes are based on shipments of hydraulic and pneumatic products
reported by participating members of the National Fluid Power Association. Data back to
1959 are available upon request.
Page S-31
1. Reflects revisions not available by months.
2. Beginning May 1980 SURVEY, monthly data are available only at quarterly intervals.
3. Effective Jan. 1980, stocks for bituminous coal and lignite of retail dealers are no longer
available. This exclusion will be reflected in and affect the comparability of total stocks for
bituminous coal, which, beginning May 1D80 SURVEY, will be available only at quarterly
intervals.
4. Beginning Jan. 1979, data reflect coverage of additional processing facilities; not
strictly comparable with data shown for earlier periods.
5. Effective Jan. 1980, price is no longer available from the Bureau of Labor Statistics.
# Includes data for items not shown separately.
@ Beginning July 1977, data include shipments to mobile home and travel trailer
manufacturers (formerly excluded); they are not directly comparable with data for earlier
periods.
* New series. Annual data prior to 1978 and monthly data prior to April 1979 are
available upon request.
§ Includes nonmarketable catalyst coke.
1. Beginning Jan. 1977, data cover passenger car and truck and bus tires; motorcycle tires
and tires for mobile homes are excluded.
2. Effective Jan. 1979, data are no longer available.
3. Effective Jan. 1980, data are no longer available.
4. Effective Jan. 1980, data are reported on a monthly basis and are not comparable with
data shown for earlier periods.
II As reported by publishers accounting for about 75 percent of total newsprint
consumption.
§ Monthly data are averages of the 4-week periods ending on the Saturday nearest the end
of the month; annual data are as of Dec. 31.
Page S-34
1. Reported annual total; revisions not allocated to the months.
2. Crop for the year.
3. Data cover five weeks; other months, four weeks.
4. First-of-the-month estimate of the 1979 crop.
5. Beginning Jan. 1980, data include sales of 5/16 mobile home board; not shown
separately.
@ Monthly revisions back to 1976 will be shown in the 1979 BUSINESS STATISTICS.
# New series. Data for finishing mills have replaced data for weaving mills, which are no
longer available.
# Includes data for items not shown separately.
f Cumulative ginnings to the end of month indicated.
§ Bales of 480 Ibs.
Page S-35
1. Effective Jan. 1, 1978, includes reexports, formerly excluded.
2. Season average.
3. Average for crop year; Aug. 1-Jul. 31.
4. For five weeks; other months four weeks.
5. Monthly average.
6. Average for Jan.-Oct.
7. Average for Feb.-Jun.
8. Average for 11 months; no price for May.
9. Average of Jan.-June.
10. Less than 500 bales.
11. Effective 1st quarter 1977, data are not directly comparable with earlier periods.
12. Average for 11 months; no price for Oct.
§ Bales of 480 Ibs.
H Based on 480-lb. bales, preliminary price reflects sales as of the 15th; revised price
reflects total quantity purchased and dollars paid for the entire month (revised price includes
discounts and premiums).
# Includes data not shown separately.
@ Effective Apr. 1979, SURVEY, data include 600 additioflal firms; comparable data back
to Jan. 1977 (except for slacks, jean cut, casual, shown on p. S-36) will appear in the 1979
BUSINESS STATISTICS.
Page S-36
1. Annual total includes revisions not distributed to the months.
2. Estimates of production, not factory sales.
3. See note 4 for p. S-22.
4. Excludes one state.
5. Excludes two states.
6. Excludes three states.
7. Excludes four states.
8. Effective Jan. 1979, data are not directly comparable with earlier periods because of the
inclusion of Volkswagens produced in the U.S.
9. Effective 1st quarter 1978, data are not directly comparable with earlier periods
because of increased coverage.
10. Effective Jan. 1980, passenger vans previously reported as passenger cars are now included with trucks.
11. Total for 6 months; Jul.-Dec.
@ See note "@" p. S-35.
# Total includes backlog for nonrelated products and services and basic research.
§ Domestics include U.S.-type cars produced in the United States and Canada and
foreign-type cars produced in the U.S.; imports cover all other foreign-type cars and captive
imports, and exclude domestics produced in Canada.
f Courtesy of R.L. Polk & Co.; republication prohibited.
$ Excludes railroad-owned private refrigerator cars and private line cars.
S-40
SURVEY OF CURRENT BUSINESS
June 1980
New Monetary Aggregates
The presentation of money supply data on page S-17 has been
revised and expanded to reflect the Federal Reserve's redefinition
of the monetary aggregates. The redefinition was prompted by the
emergence in recent years of new monetary assets—for example,
negotiable order of withdrawal (NOW) accounts and money
market mutual fund shares—and alterations in the basic character of established monetary assets—for example, the growing
similarity of and substitution between the deposits of thrift
institutions and those of commercial banks.
Four newly redefined monetary aggregates replace the old M-l
through M-5 measures, and a very broad measure of liquid assets
has been adopted. The principle underlying these new monetary
aggregates is that similar assets should be combined at the same
level of aggregation:
•
•
•
•
• L, the very broad measure of liquid assets, equals new M-3
plus other liquid assets consisting of other Eurodollar
holdings of U.S. nonbank residents, bankers acceptances,
commercial paper, savings bonds, and marketable liquid
Treasury obligations.
Consolidation adjustments have been made in the construction
of each of the new measures, in order to avoid double counting of
the public's monetary assets. A major consolidation adjustment
involves the netting of deposits held by depositary institutions
with other depositary institutions. In constructing M-l A, demand
deposits held by commercial banks with other commercial banks
have been removed. The procedure calls for the removal from
Ml-A is one of two narrow transactions measures. It is Ml-B of those demand deposit holdings of thrift institutions that
basically the same as the old M-l aggregate (currency plus are estimated to be used in servicing their checkable deposits,
demand deposits at commercial banks), which had been although at present the amount is negligible. Similarly, at the M-2
called total money supply on page S-17, except that it level all other demand deposit holdings of thrift institutions are
excludes demand deposits held by foreign commercial banks deducted; currently that means all such demand deposits are netted from M-2. Savings and time deposits held by depositary
and official institutions.
institutions are also appropriately netted at the M-2 and M-3
Ml-B, the other narrow measure, adds to Ml-A interest- levels. The other major kind of consolidation adjustment involves
earning checkable deposits at all depositary institutions— removing the assets held by money market mutual funds from
namely NOW accounts, automatic transfer from savings several components appearing in the M-2, M-3, and L measures.
(ATS) accounts, and credit union share draft balances—as These institutions issue shares to the public and use the proceeds
well as a small amount of demand deposits at thrift institu- to acquire a variety of liquid assets that are components of the new
tions that cannot, using present data sources, be separated M-2, M-3, and L measures. In order to avoid first counting these
from interest-earning checkable deposits.
amounts as money market mutual fund shares and then counting
them again as money market fund holdings of RP's, CD's, comM-2 as redefined adds to M1 -B overnight repurchase agree- mercial paper, and so forth, holdings of each of these assets by
ments (RP's) issued by commercial banks and certain money market funds are subtracted from the relevant compoovernight Eurodollars (those issued by Caribbean branches nents.
of member banks) held by U.S. nonbank residents, money
The procedure for constructing the new seasonally adjusted
market mutual fund shares, and savings and small- aggregates has been to seasonally adjust each component with a
denomination time deposits (those issued in denominations standard option of the Census X - l l program—wherever
of less than $100,000) at all depositary institutions. possible—and then to sum the components to derive the apDepositary institutions are commercial banks (including propriate total. Some components have not been seasonally
U.S. agencies and branches of foreign banks, Edge Act Cor- adjusted. In some cases sufficient historical data is not yet
porations, and foreign investment companies), mutual available. In other cases the components are dominated by such a
savings banks, savings and loan associations, and credit strong trend that seasonal adjustment is not likely to be successful.
unions.
A detailed explanation of the new measures was published in
M-3 as redefined is equal to new M-2 plus large- the February 1980 issue of the Federal Reserve Bulletin. Monthly
denomination time deposits (those issued in denominations data from 1959 to date and weekly data from 1970 to date are
of $100,000 or more) at all depositary institutions (including available from the Banking Section of the Division of Research
negotiable CD's) plus term RP's issued by commercial banks and Statistics at the Federal Reserve Board, Washington, D.C.
20551.
and savings and loan associations.
INDEX TO CURRENT BUSINESS STATISTICS, Pago*
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
1-6
6-8
8,9
9-11
Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communication
11-15
15-18
18-20
21
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
22
23
23-26
27
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
27,28
28-31
31,32
32,33
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
33
34
34-36
36
INDIVIDUAL SERIES
Advertising
Aerospace vehicles
Agricultural loans
Air carrier operations
Air conditioners (room)
Aircraft and parts
Alcohol, denatured and ethyl
Alcoholic beverages
Aluminum
Apparel
Asphalt
Automobiles, etc
9,14
36
15
21
31
5,36
22
9,23
29
2-7,9-13,35,36
31,32
2-7,9,10,17,19,20,36
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
15
24
30
25
7,9,19,20,23
4,5
17,18
29
34
2-5,9
9
8
6
3,4
23
Cattle and calves
25
Cement and concrete products
7,9,34
Cereal and bakery products
7
Chain-store sales, firms with 11 or more stores. . . 10,11
Cheese
:
23
Chemicals
3-5,7,12,13,17,19,20,22
Cigarettes and cigars
26
Clay products
3,4,7,34
Coal
3,7,19,31
Cocoa
20,25
Coffee
20,25
Coke...
31
Combustion, atmosphere, heating equipment
30
Communication
1,17,21
Confectionery, sales
25
Construction:
Contracts
8
Costs
9
Employment, unemployment, hours, earnings. . 11-14
Highways and streets
8
Housing starts
8
Materials output indexes
9
New construction put in place
8
Consumer credit
16
Consumer goods output, index
2
Consumer Price Index
6
Copper
29
Corn
24
Cost of living (see Consumer Price Index)
6
Cotton, raw and manufactures
6,19,34,35
Cottonseed oil
26
Credit, short- and intermediate-term
16
Crops
6,24,26,34
Crude oil
. . 3,31
Currency in circulation
17
Dairy products
Debt, U.S. Government
Deflator, PCE
Department stores, sales, inventories
Deposits, bank
Dishwashers
Disposition of personal income
Disputes, industrial
Distilled spirits
Dividend payments
Drugstores, sales
3d
6,7,23,24
16
2
10,11
15,17
31
2
15
23
2,17
10,11
Earnings, weekly and hourly
13,14
Eating and drinking places
10,11
Eggs and poultry
6,7,25
Electric power
3,7,23
Electrical machinery and equipment
3-5,
7,12,13,17,19,20,30,31
Employee-hours, aggregate, and indexes
13
Employment
11,12
Explosives
22
Exports (see also individual commodities)
1,18,19
Failures, industrial and commercial
6
Farm prices
6,7
Farm wages
14
Fats and oils
7,19,20,26
Federal Government
finance
16
Federal Reserve banks, condition of
15
Federal Reserve member banks
15
Fertilizers
7,22
Fire losses
9
Fish
25
Flooring, hardwood
28
Flour, wheat
25
Food products
2-7,9,12,13,17,19,20,23-26
Foreign trade (see also individual commod.)
18-20
Freight cars (equipment)
36
Fruits and vegetables
6, 7
Fuel oil
6,31,32
Fuels
3,6,7,19, 20,31, 32
Furnaces
31
Furniture
3,7,10,12,13
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gypsum and products
3,6,7,23
32
34
22
17
6,7,19,24,25
10,11
7,34
Hardware stores
10
Heating equipment
7,30
Help-wanted advertising index.
14
Hides and skins
7,27
Highways and streets
8
Hogs
25
Home electronic equipment
7
Home Loan banks, outstanding advances.
9
Home mortgages
9
Hosiery
36
Hotels and motor-hotels.
21
Hours, average weekly
12,13
Housefurnishings
2,4-6,9,10
Household appli
appliances, radios, and television sets.
2,
7,10,30
Housing starts and permits.
8
Imports (see also individual commodities)
1,19,20
Income, personal
2
Income and employment tax receipts
16
Industrial production indexes:
By industry
3
By market grouping
2, 3
Installment credit
11,16
Instruments and related products
3,4,12,13
Insurance, life
16
Interest and money rates
15
International transactions of the United States. . .
1
Inventories, manufacturers' and trade
3-5,9,10
Inventory-sales ratios
4
Iron and steel
3,7,9,17,19,20,28,29
Labor advertising index, stoppages, turnover
14,15
Labor force
11
Lamb and mutton
25
Lead
29,30
Leather and products
3,7,12,13,27
Life insurance
16
Livestock
6,7,25
Loans, real estate, agricultural, bank (see also
Consumer credit)
9,15
Lubricants
31,32
Lumber and products
3,7,9,12,13,27,28
Machine tools
30
Machinery
3-5,7,12,13,17,19,20,30
Mail order houses, sales
10
Manufacturers* sales (or shipments), inventories,
orders
4,5
Manufacturing employment, unemployment, production workers, hours, earnings
11-14
Manufacturing production indexes
2,3
Margarine
26
Meat animals and meats
7,19,20,25
Medical care
6
Metals
3-5,7,12,13,17,19,20,28-31
Milk
24
Mining and minerals
1-3,7,11-14,17
Monetary statistics
17
Money and interest rates
15
Money supply
17
Mortgage applications, loans, rates
9,15,16
Motor carriers
21
Motor vehicles
2-4,6,10,17,19,20,36
National parks, visits
21
Newsprint
20,33
—j
New York Stock Exchange, selected data
18
Nonferrous metals
3,5,7,17,19,20,29,30
Oats
Oils and fats
Orders, new and unfilled, manufacturers'
Outlays, U.S. Government
24
7,19,20,26
5
16
Paint and paint materials
Paper and products and pulp
7,22
3-5,
7,12,13,17,20,32,33
Parity ratio
6
Passenger cars
2-4,6,7,9,10,17,19,20,36
Passports issued
21
Personal consumption expenditures
2
Personal income
2
Personal outlays
2
Petroleum and products
3-7,12,13,17,19,20,31,32
Pig iron
28
Plant and equipment expenditures
1
Plastics and resin materials
22
Population
11
Pork
25
Poultry and eggs
6,7,25
Price deflator, implicit (PCE)
2
Prices (see also individual commodities)
6-8
Printing and publishing
3,12,13
Private sector employment, hours, earnings
11-14
Producer Price Indexes
7,8
Profits, corporate
17
Public utilities
1-3,8,17,18,23
Pulp and pulpwood
32
Purchasing power of the dollar
8
Radio and television
2,10, 30
Railroads
1,14,18,21, 36
Ranges
31
Rayon and acetate
'
35
Real estate
9,15,16
Receipts, U.S. Government
16
Refrigerators
31
Registrations (new vehicles)
36
Rent (housing)
6
Retail trade
3,4,6,10-14,16
Rice
24
Rubber and products (incl. plastics). 3-5,7,12,13,20, 33
2
Saving, personal
Savings and loan assoc., new mortgage loans
9
Savings deposits
15
17
Securities issued
Security markets
17,18
Services
6, 12-14
25
Sheep and lambs
Shoes and other footwear
7,10, 11,27
17
Silver
26
Soybean oil
35
Spindle activity, cotton
Steel (raw) and steel manufactures
20, 28,29
28
Steel scrap
17
Stock market customer financing
18
Stock prices, yields, sales, etc
17,34
Stone, clay, glass products
3,4,7,12,13,
20,26
Sugar
22
Sulfur
22
Sulfuric acid
22
Superphosphate
Tea imports
26
Telephone and telegraph carriers
21
Television and radio
2,10,30
Textiles and products
3-5,7,12,13,17,19,20,34-36
Tin
30
Tires and inner tubes
7, 33
Tobacco and manufactures
3-6,12,13,26
Tractors
30
Trade (retail and wholesale)
3,4,6,9-14
Transit lines, urban
21
Transportation
1,6,12-14,17,18,21
Transportation equipment. . . 2-5,7,12,13,17,19,20,36
Travel
21
Truck trailers
36
Trucks (industrial and other)
30,36
Unemployment and insurance
11,14
U.S. Government bonds
15-18
U.S. Government
finance
16
U.S. International transactions
1
Utilities
1,3,6,8,17,18,23
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Veterans' unemployment insurance
31
10. J}
19,20,26
6,7
14
Wages and salaries
Washers and dryers
Water heaters
Wheat and wheat
flour
Wholesale trade
Wood pulp
Wool and wool manufactures
2, 13,14
31
31
24,25
••
3,4,6,9, 12-14
32
35
Zinc.
30
UNITED STATES
GOVERNMENT PRINTING OFFICE
PUBLIC DOCUMENTS
DEPARTMENT
WASHINGTON, D.C. 2O4O2
OFFICIAL BUSINESS
1980 RELEASE DATES FOR REA ESTIMATES
Subject
Release
Date*
Subject
Release
Date*
Personal Income and Outlays, June 1980
July 17
Gross National Product (preliminary), 2d quarter 1980. July 18
Composite Indexes of Leading, Coincident, and Lagging Indicators, June 1980
July 30
Personal Income and Outlays, September 1980
Oct. 16
Gross National Product (preliminary), 3d quarter 1980. Oct. 17
Composite Indexes of Leading, Coincident, and Lagging Indicators, September 1980
Oct. 30
Merchandise Trade (balance of payment basis), 2d
quarter 1980
State Personal Income, 1st quarter 1980
Personal Income and Outlays, July 1980
Gross National Product (1st revision), 2d quarter 1980..
Corporate Profits (preliminary), 2d quarter 1980
Federal Receipts and Expenditures, 2d quarter 1980. . .
Selected International Transactions, 2d quarter 1980..
Composite Indexes of Leading, Coincident, and Lagging Indicators, July 1980
Merchandise Trade (balance of payments basis), 3d
quarter 1980
State Personal Income, 2d quarter 1980
Personal Income and Outlays, October 1980
Gross National Product (1st revision), 3d quarter 1980..
Corporate Profits (preliminary), 3d quarter 1980
Selected International Transactions, 3d quarter 1980..
Federal Receipts and Expenditures, 3d quarter 1980...
Plant and Equipment Expenditures, 2d quarter 1980..
State Personal Income and Per Capita Personal Income
(revised), 1979
Personal Income and Outlays, August 1980
Summary of International Transactions, 2d quarter
1980
Gross National Product (2d revision), 2d quarter 1980..
Corporate Profits (revised), 2d quarter 1980
Manufacturers' Capacity Utilization, June 1980
Composite Indexes of Leading, Coincident, and Lagging Indicators, August 1980
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
6
10
18
19
19
20
21
6
9
18
19
19
20
20
Aug. 29
Sept. 10
Sept. 14
Sept. 18
Sept.
Sept.
Sept.
Sept.
18
19
19
19
Sept. 30
"These are target dates; estimates may occasionally be released
a day or two earlier or later.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Composite Indexes of Leading, Coincident, and Lagging Indicators, October 1980
Plant and Equipment Expenditures, 3d quarter 1980..
Personal Income and Outlays, November 1980
Summary of International Transactions, 3d quarter
1980
Gross National Product (2d revision), 3d quarter 1980..
Corporate Profits (revised), 3d quarter 1980
Manufacturers' Capacity Utilization, September 1980.
Composite Indexes of Leading, Coincident, and Lagging Indicators, November 1980
For information, call (202) 523-0777, Bureau of
Analysis, U.S. Department of Commerce.
Dec. 1
Dec. 9
Dec. 18
Dec.
Dec.
Dec.
Dec.
18
19
19
19
Dec. 31
@FedFRASER